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TW O SE C T IO N S — SECTION TWO Tf /^financial H nmmerria ‘alf(|hronirIe BANK AND QUOTATION S E C T IO N . PAGES 1 TO 64 INCLUSIVE INDEX TO THIS SECTION PAGE PAGE REVIEW OF D E C E M B E R _____________ 5 N E W Y O R K STOCK EXC H A N G E — RECORD OF BOND SALES AND P R IC E S . _ 12 RECORD OF STOCK SALES AND P R IC E S . _ 23 G EN ERAL QUOTATIONS STEAM RAILR O A D BON D S__________ 30 STEAM RAILR O A D STOCKS....... ............ 34 JOINT STOCK LAND B A N K BO N D S. _ 35, JOINT STOCK LAN D B AN K STOCKS. 35 F ED ER AL LAN D B AN K BON D S_____48 R EA L ESTATE BONDS________________ 35 PUBLIC U T IL IT Y BOND S_____________ 36 PUBLIC U T IL IT Y STOCKS____________41 IN D U STRIAL & M ISCELL. B O N D S .. 43 IN D U STR IA L & M ISCELL. STOCKS. . 44 E XC H A N G E SEATS____________________44 T E X T IL E M A N U FA CTU R IN G STOCKS— NORTHERN M ILLS _____________________44 SOUTHERN M ILLS _____________________45 CAN ADIAN M ILLS ______________________ 45 M IN IN G S T O C K S ..____________________45 IN SURANCE STOCKS A N D S C R I P ... 45 R EA L ESTATE TRU ST &LAND ST K S . 45 T IT LE GU AR. & SAFE D E P . STOCKS. 45 U . S. A N D M U N IC IPA L BON D S______ 48 CAN A D IAN M U N IC IPA L BON D S____49 FOREIG N G O VE R N M E N T B O N D S. __ 49 BAN K S A N D TRU ST C O M P A N IE S ... 55 CANADIAN B A N K S____________________64 ’W E h a v e n o . : WILLIAM B. e x *. ^ ’a .' c o p i e s ............... .. *. _____________________i w DANA t h is of •• S e c t io n . V COMPANY, PUBLISHERS F ront, P ine & D epeyster S ts ., N e w Y ork . Copyrighted in 1927, according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C. THE MUTUAL LIFE Insurance Company of New York Abstract of Statement December 31, 1925 Income during Year 1925 ...........................................$164,395,045.38 Disbursements under Policy contracts during year 1925 103,933,585.01 Reserves and Liabilities - 656,425,527.06 Contingency and Dividend Funds Assets - - 89,781,508.24 ............................................................... Insurance in Force - - - - - 746,207,035.30 - 3,255,615,753.00 Annuities in F o r c e ..................................................... 2,489,220.23 C H A R L E S A . P E A B O D Y , President WILLIAM H. TRUESDALE, Vice-President GRANVILLE M. WHITE, - . * GEORGE K. SARGENT, V.'v » JAMES TIMPSON, . - - - : ,. - - 2nd Vice-President - 2nd Vi6e**Pfefcid£nt and Manager of Agencies • * * ..3n Vice-President and Financial Manager .d. t WILLIAM SHIELDS,** - WM. L. SIMRELL, | r ''* ■ *: *. WILLIAM A. HUTG^EfeON, WILLIAM F. D IX , *• t : ..............: V r • - - 2nd ’VUcVPresident and Actuary •• « • • - - - 2 n d Vice-President arid’ .fteal Estate Manager J - • — — ••• 0 9 0 -I — - - - - Secretaries I ^ a fc e s s o ix , F ir s t Q uick to serve g. N a tio n a l Bank Statement at Close of Business June 30 1926. ASSETS— Time Loans____________________________ $4,530,309.28 U S and Other Bonds............................ 2,785,821.05 ---------------------- $7,316,130.83 Cash and Balances in Banks________ $2,381,879.85 Due from U S. Treasurer______ . . . . . 14,550.00 Demand Loans----------------------- ------ . . . 1,042,102.30 Banking House-------------------349,321.37 ---------------------- 3,787,853.52 Safe Deposit V au lts_________________________________ 30,350.00 C u s to m e rs L ia b ilitie s A c c o u n t o f A c c e p t a n c e s .. 59,560.00 you at all times $11,193,893.85 LIABILITIES— Capital Stock-----------------------------------------Surplus Fund__________________________ Undivided Profits------------------------------ . . . D e p o s its -------------------------------------------------Bills Pa' a M e____________________________ Circulation______________________________ Dividend N o .182________________________ A c c e p t a n c e s E x e cu te d fo r C u stom ers. Corn E x c h a n g e National Bank $600,000.00 600,000.00 200,056.26 9,222,220.59 200,000.00 290,997.50 21,059.50 59,560.00 $11,193,893.85 OFFICERS. W H IT F IE L D W . S M IT H . President. R O BER T J. N E L D E N , Vice-Prea. F R E D ’K D . B O G ER T , Cashier. JOHN B . B R O W N , Aast. Oashkr. W IL F R E D E. R IL E Y . Asst.Cashier. JOHN T . D E IG H T O N , Asst.Cask Philadelphia PROMPT ATTENTION GIVEN TO COLLECTIONS TH E HANOVER N A T IO N A L BANK OF TH E C IT Y OF N EW Y O R K ESTABLISHED 1831 C A P I T A L , $ 5 ,0 0 0 ,0 0 0 S U R P L U S & P R O FITS, $ 2 6 ,0 0 0 ,0 0 0 ACTS AS TRUSTEE, E X E C U T O R , ETC. I N Q U I R I E S INVITED REG ARD IN G SERVICE IN EVERY FIDUCIARY SAFE DEPOSIT & TRUST CO. OF BALTIMORE tm i= Organized 1867 Chartered 1864 Capital $1,200,000 CAPACITY Surplus & Profits Over $4,000 000 Acts as Trustee of Corporation Mortgages, Fiscal Agent for Corporations and Individuals, Transfer Agent and Registrar. Depositary under plans of reorganization. Acts as Executor, Administrator, Guardian, Trustee, Receiver, Attorney and Agent, being especially organized for careful management and settlement of estates of every character. SECURITIES H ELD ON DEPOSIT FOR OUT-OF-TOW N CORPORATIONS AN D PERSONS. D IR E C T O R S H . W A L T E R S , Chairman o f Board N O R M A N JA M E S JO H N J. N E L L IG A N , President SAM U EL M . SH O E M AK ER JO H N W . M A R S H A L L , Vice-Pres. E L IS H A H . P E R K IN S BLANCHARD RANDALL ROBERT GARRETT W ALDO N EW CO M ER H O W A RD BRUCE G E O R G E C . J E N K IN S M O R R IS W H IT R ID G E SEVENTY YEARS BANKING EXPERIENCE T h is b a n k h a s a fo r c e o f 400 t r a in e d t o t h e e x a c t in g n e e d s o f b a n k in g . W ith 70 y e a rs e x p e r ie n c e , t h e N a tio n a l B a n k o f C o m m erce in S t. L o u is h a s a s tr e n g t h t h a t is n o t in d ic a t e d in its C a p it a l, S u r p lu s a n d P r o fit s o f m o re t h a n $14,000,000. T o -d a y w e o p e r a t e e ig h t d is t i n c t a n d c o m p le te d e p a r tm e n ts u n d e r t h e p r o t e c t i o n o f n a t io n a l b a n k in g la w s, c o m b in in g in o n e b u ild in g , a n d u n d e r o n e m a n a g e m e n t, C o m m e rcia l, B o n d , T r u s t , S a v in g s , L o a n s , F o r e ig n E x c h a n g e , S a fe ty D e p o s it, a n d C r e d it D e p a rtm e n ts . T h o s e s e e k in g a c c u r a t e , r a p id , s a t is fa c t o r y a n d in t e r e s te d se rv ice c a n g e t i t h e r e . alional Bank^fommerce in St-Louis A N D R E W P . S P A M E R . 2d V .-P res. H . H . M . L E E , 3d Vice-President JOSEPH B . K I R B Y . 4th Vice-Pres. G E O . B . G A M M IE . Treasurer C . R . T U C K E R . A sst. Treasurer JO H N W . B O S L E Y , A sst. Treas. E . H . C R O M W E L L . A sst. Treas. 2 R e p o r t o f C o n d it io n o f Tradesmens National Bank The Anglo & London Paris National Bank OF SAN FRANCISCO P hiladelphia, Pa. Ht the Close of Business June 30, 1926 Report of Condition at the Close of Business Dec. 31 1926. RESOU RCES— L o a n s a n d In v e s tm e n ts ____________________________ $19,091,671.14 C u s to m e rs ’ L ia b ility u n d e r L e tte r s o f C re d it a n d 5,345,979.03 A c c e p t a n c e s _______________________________________ D u e fro m B a n k s _____________________________________ 3,222,236.35 E x ch a n g es f o r C le a rin g H o u s e _____________________ 1,462,358.40 C ash a n d R eserv e___________________________________ 1,937,195.56 46,350.73 A c c r u e d I n t e r e s t ____________________________________ $31,105,791.21 L IA B IL IT IE S — C a p ita l______________________________________ $1,000,000.00 S u rp lu s , U n d iv id ed P r o fits a n d R e se rv e s ________ 3,336,073.55 U n ea rn ed D is c o u n t _________________________________ 84,343.63 C ir c u la t io n ___________________________________________ 492,500.00 5,434,076.47 L e tte r s o f C re d it a n d A c c e p t a n c e s ________________ A c c e p t a n c e s o f O th e r B a n k s S o l d ________________ 275,106.81 D e p o s its _________________________ . ___________________ 20,483,690.75 $31,105,791.21 O F F IC E R S H O W A R D A . L O E B , President H . D . M C C A R T H Y , Vice-President E . W IL L IA M S , Vice-President & Cashier S. E . G U G G E N H E IM , Vice-President H O W A R D E . D E I L Y , Assistant Cashier J. M . F R IZ Z E L L , Assistant Cashier C L Y D E F . B R O W N , Assistant Cashier RESOURCES— Due from Federal Reserve Bank. Cash and Sight Exchange___________________________________________ $26,507,325.29 U. 8. Bonds and Treasury Certificates______________ 15,259,183.10 Bonds and Securities________________________________ 7,369.219.39 Stock in Federal Reserve Bank_____________________ 240,000.00 2,555,268.40 Banking House, Vaults and Fixtures________________ Due from U. S. Treasurer, 5 % Redemption Fund_ 205,000.00 Customers* Liability a|c Acceptances_______________ 6,357,926.46 Loans and Discounts________________________________ 68,567,829.47 Interest Accrued— and other Assets_________________ 689.395.91 $127,751,148.02 L IA B IL IT IE S — Capital Stock........................ $5,000,000.00 Surplus and Undivided Profits______________________ 4,103,370.61 Unearned Discount__________________________________ 119,931.12 Circulation___________________________________________ 4,100,000.00 Bills Payable with Federal Reserve Bank____________ 3,100,000.00 Acceptances sold Federal Reserve Bank with our endorsement_______________________________________ 200,000.00 Other Liabilities_____________ _______________________ 1,477,625.97 Bonds Borrowed_____________________________________ 2,500,000.00 Liability a|c Acceptancesexecuted for customers.6,729.045.16 Deposits______________________________________________ 100,421,175.16 $127,751,148.02 Contingent Liability a | Letters of Credit issued but c not yet drawn against_____________ $10,161,989.61 D IR E C T O R S ROBERT DOLLAR S IG . STER N K . R . K IN G S B U R Y A. W . FOSTER J. J. M ACK C H AS. C. MOORE J . C . M c K IN S T R Y M. F L E IS H H A C K E R R . D. R O B B IN S , J r. C. F. H U N T M. M E Y E R F E L D , J r. ADOLFO STAHL H E R B E R T F L E ICH H A C K E R W A L T E R E. B U C K W M . F. H U M P H R E Y PAUL SHOUP W . E. W IL C O X M O SE S A . G U N S T T H E FRA N K LIN -FO U RTH STREET N A T IO N A L BANK of Philadelphia has ample facilities to meet all your requirem ents and solicits your business. Capital, Surplus and Profits over $24,000,000 Bank and Quotation SECTION OF THE T ommercial & F in a n c ia l Q hrqnicle. Copyrighted.in 1927, according to A ct of Congress, by WILLIAM B. D A N A COMPANY, in office of Librarian of Congress, Washington, D. C. NEW YORK JANUARY 8 1927. VOL. 124. B ank and Q u o t a t io n S e c t io n The Bank and Quotation Section, issued monthly, is furnished without extra charge te every annual subscriber of the Chronicle. The Railway Earnings Section, Issued monthly, containing the sworn returns of earnings and expenses filed each month with the Inter-State Commerce Cemmission, is likewise furnished without extra charge to every annual Chronicle subscriber. The Bankers Convention Section, Issued yearly, giving the detailed proceedings o f the annual convention of the American Bankers Association, is also furnished without extra charge to Chronicle subscribers. The Public U tility Compendium, issued twice a year. In April and October, is also furnished without extra charge to every annual subscriber to the Chronicle. The Railway and Industrial Compendium, issued twice a year on the last Saturday in M ay and November, is also furnished without extra charge to every annual Chronicle subscriber. The State and Municipal Compendium, issued semi-annually on the ast Saturday of June and December, is likewise furnished without extra charge te every annual subscriber to the Commercial & Financial Chronicle. Terms for the Chronicle, including the six supplements above named, are $10 per annum within Continental United States, except Alaska, $11.50 In Canada and $13.50 In other foreign countries and United States Pos sessions and Territories. Pile covers for the Chronicle are sold at $1,00 each (postage 15 cents additional). Pile covers for Supplements can be had at same price. CH ICAGO O F FIC E .— 208 South La Salle Street. LO N D O N O F FIC E .— Edwards & Smith, 1 Drapers’ Gardens, E . O. W ILLIAM B. DANA CO M PAN Y. Publishers. Front, Pine and Depeyster Streets, New York. REVIEW OF DECEMBER— COMMERCIAL AND FINANCIAL EVENTS. In the closing month of the year there were no new or startling developments, either here or abroad. Indications of a moderate recession in certain lines of domestic trade, from the extreme activity reached in the autumn, persisted. This was particularly true in the case of the steel trade and the automobile industry, but seemed nevertheless a situa tion that might have to be reckoned with as affecting probable industrial conditions in the immediate future, the more so in view of the great decline in the price of cotton, ■as the result of the huge crop produced in 1926, which served to impair the purchasing capacity of an important section of the country, and in view also of the fact that the agricultural classes of the West are likewise far from being over prosperous. On the other hand, comfort was derived from the character of President Coolidge’s message to Con gress and from the action of the United States Steel Cor poration in recommending the declaration of a 40% stock dividend to represent the surplus income accumulated through the quarter century of the existence of this, the foremost industrial corporation of the world. It was rea soned that the directors of this company, always so conserva tively managed, would not have taken such a step at the present time, did they not regard the immediate future of the country’s industries and of the steel trade in particular with the utmost confidence and assurance. Evidence of slackening in business was very noticeable in the case of the steel industry. The steel trade in turn reflected the reduced scale of operations in other industries, more particularly automobile manufacturing. November production (factory sales) of motor vehicles in the United States proved the smallest of any month since August of the previous year. As reported to the Department of Com merce it was 255,813 (o f which 219,479 were passenger cars and 36,334 were trucks), as against 332,437 passenger cars and trucks in October and 366,505 in November 1925.-'-'Tfie indications were that the figures for December ^vbuld make? a similarly poor showing; and, furthermore, current news made it apparent that competition between the makers of cars was becoming intensified, especially in the case of lowpriced vehicles, as evidenced by price reductions and the introduction of new models priced at low figures. Reduc tions in the prices of Hudson and Essex automobiles, for instance, were announced Dec. 13 by the leading Detroit dealers, the new price list showing reductions running from $163 to $318 per car. The Essex coach was put at $595, against $758, the Essex sedan at $695, against $860, and the Hudson sedan at $1,275, against $1,593. Announcenients of new models by one maker and another were numerous, some times at lower prices and other times at the same prices but with improvements, and there were occasional advances, but usually for special reasons, or to cover the cost of some new feature or additional part. There were conflicting rumors regarding the policy and intentions of the Ford people, accompanied occasionally by reports of internal dis sensions. There were even suggestions of a lack of accord between Henry Ford and his son Edsel as to the program of the Ford Company for the future. What basis there was for these rumors did not develop, though there were some changes in the internal management of the company. There were likewise intimations that the company was at work on some new model of a car to come on the market, perhaps in the spring. This appeared calculated to hurt the sale of Ford cars, and to set these rumors at rest publication was made of a letter to dealers from the managers of the Detroit plant of the Ford Motor Co. The letter, dated Dec. 10, read: To All Dealers and Salesmen.— In case you or your salesmen feel hesitant about forcibly denying all rumors of a new car, caused by unauthorized and unfounded newspaper, magazine and trade paper articles, as well as through any kind of propaganda, we call your attention to this emphatic statement recently made by Edsel Ford, as follow s: “ There will be no new models and no new Ford car is going to be intro duced, nor are we planning on any six-cylinder car.’ ’ Another announcement of importance from the Ford Motor Co. was its offer to recondition completely, “ except tires,” for $60 any 1925 Ford car a dealer may send to the factory— this to include new paint and upholstering and a completely rebuilt motor. The offer embraced any 1925 car regardless of condition, with a three-month guarantee after it leaves the factory. The value of the scheme to dealers was said to be that it permitted them to make a higher offer for Fords taken in trade than they were for merly in a position to make. The Lincoln Motor Co., a division of the Ford Motor Co., on Dec. 9 advanced the prices of Lincoln models $200 each, but it was stated that the advance was because of the addition to the standard equipment of the six-brake system. Lessened buying by the automobile concerns was, as al ready stated, one of the factors in the reaction in the steel trade. In truth, steel orders appeared to be falling o ff all around excepting only in the case of the railroads. Rail road orders and railroad buying of one class or another were more strongly in evidence than for a long time pre viously, reflecting in this the improved earning capacity and better financial condition, as a result, o f the railroads. These railroad orders counted, however, as only partial off set to the shrinkage elsewhere. The trade journals all through the month commented on this shrinkage. The “ Iron Age,” in its issue of Dec. 9, stated that apart from railroad buying new business continued to lag. The same publica tion in its issue o f Dec. 23 asserted that continued lesseningr uf new demand for finished steel had modified some of the recent predictions of a definite upturn in mill operation in early January. There would naturally be some recovery F E D E R A L m; i r BARK OF i WhJiOELPRIA No , ■'•V O NO. 3211. 0 9 ^ I MONTHLY REVIEW from holiday slackness, but otherwise no change seemed in sight. The steel industry as a whole, this authority stated, was down to a 65% basis, with the Steel Corporation slightly above 70%. In the Mahoning Valley some companies were scheduled at only 60% for the remainder of the month. Movement of steel to the automobile industry in December and January would exceed that of October and November, it was pointed out, but much of it would be releases on sus pended shipments and would enter into cars built in Feb ruary and later. New orders for motor car steel were await ing more definite data as to spring demands upon the build ers. In both rolling stock and track steel railroad activity con tinued to be the best source of new buying. In its issue of Dec. 30 the “Age” stated that as 1926 ended the steel indus try was less active than in the final week of 1925, so far as new business was concerned. Production also was less, the indications being that the December total of steel ingots would be in the neighborhood of 3,400,000 tons, as against 3,970,000 tons in December 1925. In 1925 the production curve the latter part of the year had been moving upward, while the 1926 trend had been downward, with an 88% operation in October, 80% in November and a probable 73% in December (for the month as a whole). Nevertheless, in view of the well-maintained rate of output by the United States Steel Corporation (there being only the suspension of Christmas Day with a few hours the day before), the. year’s steel ingot production promised to be over 47,000,000 tons, against 44,140,000 tons in 1925. While no marked increase in steel output was looked for in January, the possibilities of the coal situation after April 1 (when a strike might result in the bituminous districts with the expiration of the old contract) would tend to the maintenance of the present rate, even though there be some stocking up of ingots for a time. Some steel producers, it was stated, estimated the December orders at substantially the total for November, railroad buying in December having made up for some fall ing off in other lines. While motor car builders were talk ing hopefully of the 1927 outlook, they were buying spar ingly and were unlikely to make any increase in production schedules until after the New York and Chicago automobile shows. Oil industry buying in November had been respon sible for the largest bookings in fabricated plate work since April 1923. In the total of 50,863 tons, over 40% had been for storage tanks and refinery materials. Tank cars accounted for 35% of the remainder. Pig iron prices sharply declined the early part of the month and the “ Iron Age’s” composite price for pig iron Dec. 27 was $19 88 per gross ton, against $20 13 a month previously and comparing with $21 79 at the close of 1925. However, the 10-year pre-war average price for pig iron was only $15 72. The composite price for fin ished steel remained throughout December at 2.453c. per pound, and in fact stood unchanged at that figure for twelve successive weeks and compared with the same average price at the close of 1925. The ten-year pre-war average of fin ished steel was no more than 1.689c. In the minor metals the tendency of prices continued downward. Lake copper at New York declined from 13%c. Nov. 30 to 13.50c. Dec. 31. Electrolytic copper declined from 13.40 to 13.00c. The previous August Lake copper com manded 14%c. and electrolytic copper l l ^ c ., showdng a drop in the interval of over a cent a pound. Lead at New York during December declined from 8.00 to 7.80c. At the beginning of August the price was 9.15c. Tin at New York, after its advance in October and November, dropped back during December, getting down to 66%c. Dec. 28, with the close Dec. 31 at 66%c., against 72%c. Nov. 29. There were no changes of importance during the month in the price of crude petroleum. There were, however, some changes in the prices of gasoline, and these changes, during the latter part of the month at least, were in an upward direction. Thus on Dec. 18 the Standard Oil Co. of New York advanced the gasoline price at filling stations in New England lc. a gallon, to 22c. The tank wagon rate was left unchanged. On Dec. 24 the Standard Oil Co. of New York also advanced the tank wagon and service station price of gasoline lc. per gallon in Buffalo, Rochester and western New Yox-k gen erally. On Dec. 21 the Standard Oil Co. of California an nounced an advance of l@ 2 c. a gallon in gasoline prices; an advance of lc. was made in the San Francisco Bay region and points north, and of 2c. in Los Angeles and points in land. Other California oil companies followed the lead of the Standard. On Dec. 21, also, the Standard Oil Co. of New Jersey advanced the export price of gasoline *4c. a gal lon. This followed like advances on Dec. 4 and Dec. 9. The early part of the month there were some reductions in other parts of the country, as in the case of the Standard Oil Co. of Louisiana, which reduced the price of gasoline 2c. a gal lon, making the filling station price 19c. a gallon and the tank wagon price 16c. There were also some local reduc tions at Colorado points. Kerosene prices were firmly held. At New York the price for water white kerosene in tank cars at local refineries Dec. 31 was 9%c., against 10c. Nov. 30; 10%c. Oct. 30 and also Sept. 30; 10c. at the end of August and also at the end of Ju ly; 11c. at the end of June; ll%(a)12c. at the end of May; 101 @ 1 0 12c. at the end of A / April and 8V . on Jan. 2. In tank cars delivered to the 2C trade the quotation Dec. 30 was ll% c ., against 11c. Nov. 30; ll% c . Oct. 30 and the same figure at the end of September; [Vol .124. 11c. at the end of August; 10%c. at the end of July; 12c. at the end of June; 12y>@13c. at the end of May; l l 1 @ l l ^ c . /4 at the end of April and 9%c. on Jan. 2. , In the textile trades the situation did not change greatly during the course of the month. Cotton prices seemed to be pretty well stabilized at the lower level of values previously reached, while values in other lines of textiles w’ere in proc ess of adjustment to the low basis of cotton values. The situation in the cotton goods trade was measurably improved by the tremendous decline which occurred during the sum mer months in raw cotton owing to the huge size of the new crop. Prices of cotton goods, while also moving lower, did not decline proportionately to the big drop in cotton, and this left a better margin of profit to the mills, of which they had been sadly in need for a long time. Then, also, the probabilities are that the consumption of cotton goods can be stimulated at the lower prices at which goods can now be profitably turned out. In addition, there is the further advantage that stocks of goods are down to a very Ioav point, in the hands of wholesalers and retailers alike, hav ing been allowed to run down inordinately wrhile the future of prices was in doubt pending the determination of the size of the growing crop, in fear of the decline which has now actually occurred. The Agricultural Bureau at Washington issued its final report regarding the size of the crop on Dec. 8 and this confirmed previous intelligence that the crop was of huge magnitude. The crop was now estimated at 18,618,000 bales, or 219,000 bales more than two weeks be fore, and comparing with an actual production in 1925 of 16,103,679 bales. But some had counted upon an even larger total, and the Census Ginning Returns did not show gains as compared with the previous year anywhere near the in crease in the size of the crop, making it apparent that large amounts of cotton remained unpicked in the fields, and the question was how much of this would in the end actually be picked. While the crop was estimated 2,500,000 bales larger than the production of the previous year, the ginning returns, made public Dec. 8 and which brought results down to Dec. 1, showed an increase of less than 800,000 bales, 14,644,966 bales having been ginned to Dec. 1 1926, against 13,870,507 bales up to the corresponding date in 1925. The ginning returns issued Dec. 20 made the disparity even greater, showing 15,542,249 bales ginned up to Dec. 13 1926, against 14,831,840 bales up to the same date of 1925, an increase of only 710,403 bales. It happened, too, that the weather conditions were not favorable to the gathering of the remainder of the crop the rest of the month, while both consumption of cotton in the United States and the export from the country remained large. The exports of cotton for the season to Dec. 31 1926 reached 5,368,952 bales, against only 4,489,890 bales in the corresponding period of the pre vious year, while the Census in its report issued Dec. 14 reported the consumption of lint cotton for the four months ending Nov. 30 in 1926 at 2,224,239 bales, against 2,021,903 bales in the same four months of 1925, in addition to 285,650 bales of linters consumed in 1926 and 285,575 bales in 1925. The effect altogether was to advance the price of cotton, instead of bringing about a further reduction. Middling upland spot cotton in New York, as against 12.80c. Nov. 30 and 12.60c. Dec. 1, declined to 12.15c. Dec. 3, but this was the low point of the month. On Dec. 22 the quotation was up to 13.10c. and the price Friday, Dec. 31, was 12.95c. At the beginning of August middling upland spot cotton in New York was still quoted at above 19c., from which an idea can be gained of the extent of the drop in values as a result of the prodigious yield. Print cloths at Fall River for 28-in., 64 x 64, after being reduced Dec. 9 from 5% to 5%c., was marked up to 5%c. Dec. 11. Here, also, a considerable shrinkage in price has occurred, the quotation in February having been 6%e. Rayon prices were again reduced at the beginning of the month, but raw silk prices recovered after further weakness the early part of December. Kansai double extra cracks here Dec. 31 were quoted at $6 00, against $5 92%@$5 97% Nov. 30; $6 20@$6 26 Oct. 30; $6 52%@$6 57% Sept. 30; $6 35@$6 40 Aug. 31; $6 17%@$6 22% July 31; $6 30@$6 35 June 30; $6 20@$6 25 May 29 and $5 85@$5 90 April 30, but comparing with $7 10@$7 15 Dec. 31 1925. The wool market was not greatly changed. A number o f labor troubles were adjusted during the month. The Passaic textile strike was ended on Dec. 13 after a duration of 10% months, when the strikers ratified the Botany Worsted Mills agreement. The Botany and its sister concern, the Garfield Worsted, are said to constitute the largest unit in the textile area and at times employ as many as 7,500. According to the New York “ World,” the settlement was contained in a communication sent to Thomas McMahon, International President of the United Textile Workers of America, by Col. Charles F. H. Johnson, VicePresident of the Botany Consolidated. This communication listed six terms, which had previously been worked out by Colonel Johnson and President McMahon, with the assist ance of James Starr, International Vice-President of the Textile Workers. They are: Mills recognize the right of workers to organize; right of collective bargaining; work ers do not demand closed shop; both agree on third party in arbitration of future disputes; no discrimination in return of strikers; former strikers shall be given preference over Jan., 1927.] MONTHLY KEVIEW outside employees. The strike started on account of a cut in wages, but the wage question seems to have played no part in the settlement. Speaking on this point, the Newark “ News” in its issue of Dec. 14 sa id : The strike started because of the cut in wages, and was launched with demands for a return of the 10% cut plus an agreement providing for over time and a 44-hour week. Mill owners insisted they could not meet the demands. For seven months the strike was waged for those objectives under the leadership of the man who organized the strike, Albert Weisbord. Then Weisbord stepped down. His Communistic connections solidified opposition to him and the strike and defeated the strikers’ purpose. In his stead the American Federation of Labor took over the strike through the United Textile Workers of America Union and concentrated on recognition for the union and collective bargaining, the objectives gained in the agree ment ratified last night. The only mention of wages at the meeting was the remark by a union official, “ the matter of wages will come later.” It was estimated that the strike cost Passaic at least $10,000,000. The furriers’ strike, after lasting 18 weeks, was also settled, the union winning the 40-hour week. The New York City Garment Workers’ strike was settled the pre vious month after having lasted 20 weeks. An arbitration proceeding was part of the arrangement, and in a decision handed down Dec. 20 the workers are said to have won vir tually all their demands. The award was by Judge B. L. Sheintag, H. H. Lehman and Professor L. Rogers of Colum bia University, and gave employers the right to reorganize their shops and granted 32 weeks’ employment, together with other adjustments of conditions. The rubber market was somewhat firmer during Decem ber and at New York smoked ribbed sheets for spot delivery Dec. 31 were 38%@39c., against 37@371 /4c. Nov. 30, but comparing with 42%c. Oct. 30; 43c. Sept. 30; 41 %c. Aug. 31; 39c. July 31; 42@42%e. June 30 and 90@91c. on Dec. 31 1925. First latex crepe for spot delivery Dec. 31 was 38% @ 39%c., against 37%c. Nov. 30; 42%c. Oct. 30; 43%c. Sept. 30; 41%c. Aug. 31; 39%c. July 31 and 91@92%c. Dec. 31 1925. The formation of a $40,000,000 pool by American rubber manufacturers in co-operation with the automobile indus try, with the view to stabilizing the price of rubber, was announced on Dec. 2. Charles B. Seger, President of the United States Rubber Co., issued a statement saying that “ for the benefit of American consumers, rubber and auto mobile manufacturers will co-operate in the crude rubber market for the purpose of protecting American manufac turers against unreasonably high prices.” Grain prices after showing a rising tendency the greater part of the month sharply declined at the close. The Decem ber option for wheat at Chicago advanced from $133% Dec. 1 to $1 43 Dec. 21, but then tumbled to $1 32 Dec. 31. May wheat at Chicago rose from $1 37% Dec. 1 to $1 42% Dec. 6, and after reacting to $1 37% Dec. 13, got back to $142 Dec. 21; another decline to $137% Dec. 29 then oc curred and the close Dec. 31 was at $1 38%. December corn at Chicago moved up from 70%c. Dec. 1 to 75%c. Dec. 21 and then dropped to 67%c. Dec. 31. May corn at Chicago, after rising from 79%c. Dec. 1 to 84%c. Dec. 9, was down to 79%c. Dec. 31. Oats manifested more persistent strength than any of the other grains. The December options at Chicago rose from 40%c. Dec. 1 to 47%c. Dec. 21 and then reacted to 44%c. Dec. 29, with the close Dec. 31 45%c. May oats at Chicago rose from 45%c. Dec. 1 to 51%c. Dec. 21, and closed Dec. 31 at 49%c. Sugar prices moved still higher. Cuban raw sugar at one time sold at 3%c. and the quotation Dec. 31 was 3%c., against 3%c. Nov. 30. The wholesale price of refined sugar at the leading refineries in New York on Dec. 31 ranged between 6.10c. and 6.40c., against a range on Nov. 30 of 6.05@6.25c. Coffee prices resumed their down ward course and No. 7 Rio Dec. 31 was quoted at 15@15%c., against 15%c. Nov. 30; 16%@16%c. Oct. 30, but only 15% @ 15%c. Oct. 18; 16%@16%c. Sept. 30; 18%c. Aug. 31; 19%c. July 31; 19%c. June 30; 20%c. May 29; 19%c. April 30; 17%c. March 31 and 18%@19c. Feb. 27. NEW SE C U R IT Y ISSUES AND DIVIDENDS. New security offerings in the United States during De cember were even more numerous than in previous months, both domestic and foreign. The most conspicuous financing of the month was the sale of $50,000,000 Standard Oil Co. of New York 25-year 4% % debs., by Dillon, Read & Co., Guar anty Co. of N. Y. and the Union Trust Co. of Pittsburgh, at 97% and accrued int., to yield over 4.65%. Other large do mestic offerings made during the month were: $10,000,000 Standard Gas & Electric Co. 40-year 6% gold debs., placed by H. M. Byllesby & Co., Janney & Co., Hambleton & Co., Inc., and Federal Securities Corp. of Chicago, at 99 and int., yielding over 6.06%. Halsey, Stuart & Co., A. B. Leach & Co., Inc., and Hill, Joiner & Co., Inc., offered $10,000,000 1st mtge. and ref. 5% gold bonds, series “ D,” , due Dec. 1 1956, of Interstate Public Service Co., at 96 and interest, yielding 5.25%. $10,000,000 first mortgage 5% gold bonds, series “ B,” due Oct. 1 1950, of the Detroit City Gas Co., were sold by Otis & Co.. Halsey, Stdhrt & Co. and Marshall Field, Glore, Ward & Co., at 100 and accrued int. At 95%% and accrued div., yielding over 6.80%, Marshall Field, Glore, Ward & Co., Brown Bros. & Co. and Edward B. Smith & Co. disposed of 100,000 shares of Associated Gas & Electric Co. $6 50 div. series pref. stock of no par value. Dillon, Read & Co. and the National City Co. brought out $7,500,000 Wisconsin Central Railway Co. 3-year 5% sec. notes, due 1930, at 99 and int., with an approx, yield 5 of 5.35%. $7,000,000 New York Water Service Corp. 1st mtge. 5% gold bonds, due 1951, series “A,” were placed by G. L. Ohrstrom & Co. at 94% and int., to yield about 5.40%. At 98 and int., the National City Co., Merrill, Lynch & Co. and Llemphill, Noyes & Co. sold $6,000,000 McCrory Stores Corp. 15-year 5% % deb., due Dec. 15 1941, affording a yield of 5.70%. $6,000,000 NewT Jersey Power & Light Co. 1st mtge. 5% bonds, series due 1956, were disposed of by Halsey, Stuart & Co., Inc., at 99 and int. Stone & Webster, Inc., Blair & Co., Inc., and Brown Bros. & Co. brought out $6,000,000 Virginia Electric & Power Co. 1st and ref. mtge. 5% gold bonds, series “ A,” due Oct. 1 1955, at 96% and accrued int., to yield 5.23%. $5,000,000 Indiana Harbor Belt RR. Co. 50-year gen. mtge. 4% % bonds of 1907, were sold by J. P. Morgan & Co., First National Bank of N. Y. and the National City Co. at 96%, with an approx, yield of 4.75%. Blyth, Witter & Co. and J. Henry Schroder Banking Corp. placed privately at 100 and accrued divs., 100,000 shares of American British & Continental Corp. 1st pref. stock. $6,500,000 New York Trap Rock Corp. 1st (closed) mtge. 6% bonds were offered by Wm. R. Compton & Co., E. H. Rollins & Sons and McBee, Jones & Co., Inc., at 98% and int., to yield about 6.125%. At 100 and int., W. A. Harriman & Co. and Edward B. Smith & Co. disposed of $5,450,000 Harriman Building Corp. 1st mtge. 6% gold loan, ma turing Nov. 1 1951. 200,000 shares of capital stock of Pa tino Mines & Enterprises Consolidated, Inc., were sold by Lehman Brothers at $25 per share. Guaranty Co. of N. Y. and Lee, Higginson & Co. offered $6,848,500 New York Chi cago & St. Louis RR. Co. ( “ Nickel Plate” System) cum. pref. stock, 6% series “ A,” at $103 50 per share, and with an approx, yield of 5.80%. Of the many foreign offerings brought out for public offering here in December the most noleworthy was the $35,000,000 Chile Copper Co. 20-year 5% gold deb., due Jan. 1 1947, sold by National City Co. and Guaranty Co. of N. Y., at 96%% and int., yielding 5.25%. Kuhn, Loeb & Co. and Guaranty Co. of N. Y. brought out $10,000,000 guar. 5-year, 6% agricultural gold notes of 1926 of the. Mortgage Bank of Chile, at 98% and accrued int., with an approx, yield of 6.30%. A syndicate headed by the First National Corp. of Boston and White, Weld & Co. disposed of $24,121,000 Province of Buenos Aires (Argentine Republic) 7% ex ternal sinking fund gold bonds, consolidated loan of 1926, at 94% and int, to yield over 7.40%. $20,000,000 Berlin City Electric Co., Inc., 25-year 6% % sinking fund deb., due 1951, were placed by Dillon, Read & Co., Hallg‘' .ten & Co., Halsey, Stuart & Co. and International Acceptance Bank, Inc., at 98 and int., to yield over 6.65%. $8,000,000 Republic of Costa Rica external sec. sinking fund 7% gold bonds of 1926, ma turing in 1951, were offered by J. & W. Seligman & Co., Blyth, Witter & Co. and Marshall Field, Glore, Ward & Co. at 95% and int., to yield about 7.40%. At prices to yield 4.80%, Wood, Gundy & Co., Inc., and A. E. Ames & Co., Ltd., marketed $7,145,000 City of Toronto (.Canada) 4 % % gold bonds, maturing serially 1925 to 1956, inclusive. $6,000,000 6% % sinking fund gold debs, of United Industrial Corp. of Germany were disposed of by Harris, Forbes & Co., Lee, Higginson & Co., and Brown Bros. & Co., at 97% and int., to yield over 6.75%. Baker, Kellogg & Co., Inc., and Ames, Emerich & Co. sold at 95% and accrued int., yielding over 7.40%, $6,000,000 Mortgage Bank of Colombia (Republic of Colombia) 20-year 7% sinking fund gold bonds of 1926. $5,171,000 City of Montevideo (Republic of Uruguay) exter nal sinking fund 6% gold bonds, due 1959, were placed by Guaranty Co. of N. Y., at 93% and int., with an approx, y.eld of 6.50%. Lpeyer & Co., Blair & Co., Inc., and J. Henry Schroder Banking Corp. brought out $4,500,000 Kingdom of Bulgaria 7% Settlement Loan of 1926 at 92% and accrued int., to yield about 7.65%. $3,000,000 Dept, of Cundinamarca (Republic of Colombia) 20-year external 7% bonds of series A, with a yield of 7.50%, were sold at 94% and int., by Hallgarten & Co., Kissel, Kinnicutt & Co. and Halsey, Stuart & Co. At 103 and int., Kissel, Kinnicutt & Co. and Bauer, Pond & Vivian placed $2,200,000 Republic of Panama 30-year 6% % bonds, due 1956, with an approximate yield of 6.30%. As is usually the case at the end of the year, dividend declarations in December ran far in excess of those of pre vious months. A distinctive feature was the large number of extra distributions announced. Another important fact is that these extra distributions have not been confined to any one class of industry, practically every line of business being represented. Far overshadowing everything else of the kind was the action of the directors of the U. S. Steel Corp. in voting to recommend to the shareholders at the annual meeting next April of an increase of $203,321,000 in the stock of the company for the purpose of declaring a 40% stock dividend. Following is a list of companies actually declaring extra dividends, either cash or in stock: Balti more & Ohio RR. made extra distribution of % of 1% in addition to 1% % quar. on com. stock. An extra of 3% on com. and 1% % quar. was decl. by Lehigh Valley RR. In addition to a semi-annual div. of $2 50 on capital stock, an extra of $5 was decl. by Pittsburgh & Lake Erie RR. Read ing Co. announced an extra of 2% on com. and the usual quar. div. of 2%. Louisville & Nashville RR. raised the semi-annual div. % of 1% to 3% % . Acme Steel Co. decl. 5% 6 MONTHLY REVIEW [Vol . 124. extra in stock and 62y2c. quar. on stock. American Cigar was announced by Nevada Consolidated Copper Co.; pre decl. extra stock div. of 33 1-3% on com. and the usual 2% viously 25c. was paid. South Penn Oil Co. raised its quar. quar. div. Extra $3 div. was reported by American Meter div. from 37y2 to 50c. Annual div. of $6 was deck by Utah Co. In addition to 4% quar., American Surety decl. 2% Copper Co.; previously the rate was $5. Utilities Power & extra. Common extra 20c. div. and the usual quar. div. of Light Corp. deck a div. of 66c. on class “ B” stock as com 45c. was reported by Arundel Corp. of Balt. Atlas Portland pared with past distributions of 41c. Charles Warner Co. Cement Co. deck $1 extra on com. An extra of 2% on com. raised the com. div. from 50c. to 75c. Washington Oil Co. besides 1% quar. was deck by Boston Sand & Gravel Co. deck div. of $4 on capital stock, which compares with $1 50 In addition to 621 /£c. quar., British American Oil Co. deck paid on Sept. 20 and $1 on June 21 last. 50c. extra. Stock div. of 20c. and a quar. cash div. of 32c. Companies making initial distributions and resuming pay was reported by Canadian Industrial Alcohol Co. Extra of ment of deferred divs. were: Col. & Southern Ry. deck 3% $1 and $3 semi-annual divs. were deck by Canton Co. of on com .; the first paid since 1919. Initial com. div. of 75c. Balt. Quar. cash div. of iy 2% on com. and 10% extra in quar. was deck by Archer-Daniels-Midland Co. Bolivian Pwr. stock was announced by Century Electric Co. of St. Louis Co., Ltd., deck an initial div. of 2% on com. Brompton (Mo.) Cleveland (O.) Stone Co. deck 25c. extra and four Pulp & Paper Co., Ltd., resumed divs. on com., having deck quar. divs. of 50c. on new no par value com. In addition to 50c. Financial & Industrial Securities Corp. deck an initial 25c. quar., Davega, Inc., of N. Y. deck 25c. extra. An extra quar. div. of 50c. and an extra of 25c. on com. Freeport Co. disbursement of 1% and the usual quar. div. of 2y2% was of Texas deck 50c. div. on capital stock; the last previous reported by Edison Elec. Ilk Co. of Brockton. Stock div. of div. was $1 paid on Nov. 28 1919. International Harvester 50% was announced by Federal Insurance Co. of N. Y. Fi- Co. resumed divs. on com .; semi-annual div. of 2% was delity-Phenix Fire Insurance Co. of N. Y. deck a 100% deck An initial div. of 25c. on com. was paid by Lake Erie stock div. on its capital. An extra $1 div. on com. in addi Bolt & Nut Co. Madison Square Garden Corp. deck an tion to quar. div. of $1 50 was made by Firestone Tire & initial div. of $1. Initial div. on com. of 2% was announced Rubber Co. Honomu Sugar Co. paid an extra div. of 80c. in by Newfoundland Light & Power Co., Ltd. Novadel Process addition to reg. monthly div. of 15c. per share. A special Corp. made an initial distribution of 62^c. on com. First div. of $1 was deck by Hawaiian Agricultural Co. of Hono div. of 25c. on com. was deck by Penick & Ford, Ltd., Inc. lulu. Hawaiian Pineapple Co., Ltd., deck 1% extra in cash; Regular divs. of 10c. were resumed by Pioneer Mill Co., the previous year, however, an extra of 3% was paid. In Ltd. Porto Rico Rys. Co., Ltd., deck 1% on com., being the addition to $1 quar., the Ideal Cement Co. of Denver re first distribution since 1922. Quebec Ry., Light, Heat & ported $1 extra on com. An extra cash distribution of 25c. Power Co., Ltd., resumed divs. of 4% on com. Initial div. and a reg. quar. div. of 75c. was announced by International on com. of $2 was announced by Safeway Stores, Inc. Quar. Business Machine Corp. Lehigh Valley Coal Co. made a div. of 50c. was deck by Sharon Steel Hoop Co., the first semi-annual div. of $1 25 and 25c. extra. In addition to 50c. since 1919. Quarterly div. of lV i% on common was paid quar., Lion Oil Refining Co. deck 25c. extra stock div. of by U. S. Industrial Alcohol C o.; last previous div. was 1% 10% and the usual semi-annual 3% div., was deck by H. K. in 1921. Wayagamack Pulp & Paper Co., Ltd., resumed Mulford Co. of Phila. National Supply Co. of Del. reported divs. on com. deferred in 1921, declaring 75c. quar. An an extra 4% ($2 per share) div. on com. A special 5% initial div. of $2 on com. was deck by Wolverine Petroleum stock div. and 60c. quar. in cash was deck by Newmont Corp. of St. Louis (M o.). Mining Corp. A quar. 3% div. and an extra of 3% was deck In contrast to the dividend declarations of a favorable by Northwestern Yeast Co. Otis Elevator Co. reported an character there were a few announcements of reductions extra stock distribution of 25% in com. and also the usual and omissions: Advance-Rumely Co. deferred the quar. quar. cash div. of 3%. A special div. of $1 50 in addition to div. of 75c. Semi-annual div. of $1 was reduced to 75c. by 50c. quar. was made by Parke, Davis & Co. A quar. div. of American Pneumatic Service Co. Quar. pref. div. of Chand$2 50 and $1 extra was announced by Phila. Co. for Guaran ler-Cleveland Motors Corp. was decreased from $1 to 62y2c. teeing Mortgages. Philadelphia Insulated Wire Co. deck Chickasha Gas & Electric Co. deck 1% quar. on com.; pre50c. extra and also the reg. semi-annual $2 div. Extra divs. . viously 2% was paid. Commercial Credit Co. of Balt, deck of $1 in addition to quar. divs. of 50c. was deck on class “A” 25c. quar. on com .; last previous distribution was 50c. Com. and “ B” stocks of Pines Winterfront Co. The Power Corp. divs. of 1 were discontinued by Cuyamel Fruit Co. Quar. o f N. Y. made an extra distribution of 25c. in addition to com. div. of Motion Picture Capital Corp. was reduced from 25c. quar. on com. stock. A stock div. of 150% was reported S7y2c. to 25c. Annual div. of Nantasket Beach Steamboat by Preferred Accident Insurance Co. of N. Y. In addition Co. was omitted. Ohio Oil & Gas Co. deck 25c.; on Oct. 15 to quar. cash div. of 2%, Pyrene Mfg. Co. deck a stock div. last a div. of 35c. was paid. Com. quar. div. of 45c. was of 50%. Extra cash div. of 15c. was deck by Richfield Oil omitted by Paige-Detroit Motor Car Co. Springfield Rail Co. of Cal. In addition to the reg. cash div. of $1 50 on way Cos. deck com. div. of $115; previously semi-annual com., extras of $5 in cash and 10% in stock were deck by divs. o f $1 60 -were paid. Richman Bros, of Cleveland, O. San Carlos Milling Co., TH E STO CK M AR KET D U R IN G DECEMBER. Ltd., deck 2% monthly and 5% extra. A special div. of 3% There was a distinct revival of speculation on the Stock and 3% quar. was reported by Standard Underground Cable Exchange during December, with a marked increase in the Co. Santa Cruz Portland Cement Co. made an extra dis volume of transactions and quite a rise in prices, some stocks tribution of $1 in addition to $1 quar. Announcement of an recording the highest figures of the year. This was the extra of y2 of 1% and a reg. quar. div. of 1 ^ % was made more noteworthy as it occurred notwithstanding multiply by Timken Detroit Axle Co. Bonus of 50c. in addition to $1 ing signs of trade reaction in two or three leading industries, quar. was deck by Wabasso Cotton Co., Ltd. Extra com. more particulai’ly the steel trade and the automobile in div. of $1, along with reg. quar. div. of $1 was reported by dustry. Yet there were many days of sharp downward re Warren Bros. Co. of Boston. Westinghouse Air Brake Co. actions. And when concerted attacks were made by the deck $1 exti'a and $1 75 quar. on stock. An extra of 50c. professional trading element, which was almost uniformly was paid by Westmoreland Coal Co. Extra divs. of 50c. on bearish, it was easy to bring about declines of substantial com. and $2 50 on 2d pref. were announced by White Rock proportions all through the list— at which times the list Mineral Springs Co. in addition to quar. divs. of 30c. and assumed the appearance of decided weakness. In a word, $1 25, respectively. F. W .Woolworth made an extra stock notwithstanding the manifestation of strength and expan distribution of 50% on com. sion in the volume of transactions, under which the turnover Companies reporting larger distributions were: Abitibi on several days reached over 2,000,000 shares, the market Power & Paper Co., Ltd., deck $1 25 quar., as compared with showed much irregularity and this irregularity was espe $1 paid previously. Alliance Realty Co. increased the quar. cially evident during the last ten days of the month. div. of 50c. to 621 and deck an extra of 37%c. Com. quar. /£c. Two events stand out pre-eminently in the influence they div. of Allied Chemical & Dye Corp. was raised to $150 exerted upon prices during the month. The first is the from $1. Compared with previous div. of 8c., Arkansas Nat annual message to Congress submitted by President Coolural Gas Co. reported 12c. quar. Quar. div. of 1}4 % was idge and read in the Senate and House on Tuesday, Dec. 7. increased to 1 ^ % by Chicago Pneumatic Tool Co. Consoli The utterances of the President were looked upon with dated Mining & Smelting Co. of Canada raised the annual favor, because so obviously of a constructive nature, and div. rate of $1 50 to $2 50 and also deck $5 extra. Div. rate the statement which attracted particular attention was the of $5 per annum on com. was increased to $6 by Crucible remark saying that the country was enjoying general pros Steel Co. of America. An extra of 2% and 2% quar. on com. perity and needed “ not so much new policies as a steady was deck by Goulds Pumps, Inc.; previously 1y2% was paid continuation of those which are already being crowned with on com. Com. stock of Interlake Steamship Co. was placed such abundant success.” This was construed as putting a on $6 annual div. basis, compared with previous rate of $5, taboo on the enactment of radical legislation at the current besides which an extra div. of $2 was deck International session of Congress, and, as a matter of fact, the circum Shoe Co. of St. Louis raised the quar. com. div. of $1 50 to stance that the session of Congress would be a short one, $1 75. Johns-Manville, Inc., announced a “ Christmas” div. since the life of the existing Congress expires on March 4, of $18 on stock. Com. stock quar. div. of Julius Kayser & rendered much legislation of any kind out of the question. Co. was raised from 75c. to $1. Lambert Co. of Del. deck The market had been showing growing strength during the quar. div. of $125 on com.; in the two previous quarters previous days in December and the message gave a new 87y2c. was paid. Capital’ stock div. of 1% of the Lone Star impetus to the upward movement. The second event which Gas Corp. was increased to 2%. Marlin-Rockwell Corp. exercised a most pronounced influence upon prices was the deck an extra of 50c. Compared with previous div. of $1 75, action of the directors of the United States Steel Corpora Mountain States Telephone & Telegraph Co. deck $2 quar. tion in recommending a 40% stock dividend on the common National Fuel Gas Co. increased the quar. div. from 1y2% to shares of the company. The announcement came after the 2y2% and deck an extra of 2%. Capital stock div. of 37%c. close of the market on Dec. 16, when Chairman Elbert H. Ja n . 1927.] , MONTHLY REVIEW Gary issued the following statement: “ On the unanimous recommendation of the Finance Committee, the board of directors has unanimously voted to recommend to the stock holders, at the regular annual meeting of the corporation to be held on the third Monday of April 1927, that the com mon stock be increased by 2,033,210 shares, which is equiva lent to 40% of the present outstanding common shares, for the purpose of distributing the same as an extra special dividend to the common stockholders. It is believed the property conditions and earning capacity of the corporation justifies the proposed action at this time.” The effect of this step was to electrify the entire stock market the next day. Rumors had long been current of the likelihood of such a stock distribution, but they had on each occasion (after doing service for the time being in boosting the price of the stock) found denial as being either premature or wholly untenable. The step when it did come took everyone by surprise, for it was wholly unexpected at the time. Its influence as a market factor was correspondingly greater on that account. It had a two-fold favorable aspect, first in its bearing on U. S. Steel itself in giving the shareholders a 40% greater number of units than before, and secondly as an indication of the views of the directors, who consist of some of the most prominent men in the country, including J. P. Morgan and George F. Baker (of the First National Bank) concerning the immediate future of the steel trade and of business in general. In the latter particular the action was regarded as perhaps more important than in the former, since it was generally construed to mean that not withstanding the period of reaction, through which the steel trade is at the moment passing, the outlook for the steel industry was nevertheless considered most promising, other wise such a radical move would not have been made by the Steel directors who in their management of the property have always followed most conservative methods. In the general enthusiasm excited by the move the fact was over looked that absolutely no hint or intimation has been given as to the rate of dividend to be paid on the stock after the stock distribution of 40% has been made. I f cash distribu tion at the current rate of 7% per annum is to be continued on the enlarged amount of stock, the shareholders will be enjoying a real advantage, for they will be getting $9 80 where now they are receiving only $7. If, on the other hand, the dividend on the increased amount of stock is to be only 5% per annum, the cash yield will be not a bit larger than at present, for $5% on $140 of stock is precisely the same as 7% on the present $100 of stock. The effect of the action of the Steel Corporation on the market, as already stated, was electrifying. Steel common opened Friday morning, Dec. 17, at a range running all the way from 158% to 160, as against 154%, the closing price the day before, and the transactions in that stock for that single day aggregated no less than 632,000 shares. Other sensational advances occurred, Allied Chemical & Dye com. showing an advance for the day of 6%, American Smelting & Refining com. of 6%, National Lead 10%, Nash Motors 3%, Atchison 5%, Reading 3%, New York Central 3%, Southern Ry. 3%, etc. Business on the Stock Exchange, which had been for several days running close to or above 2,000,000 shares a day, and on Dec. 16 had risen to 2,335,799 shares, reached no less than 2,632,900 shares on the day under discussion. The bull speculation for the month, how ever, may be said to have virtually culminated on that day. A number of shares reached still higher figures later in the month, but extreme irregularity marked the course of the market the rest of the month. The high-grade railroad stocks were again actively taken in hand and advanced, but the general market displayed more or less weakness, par ticularly in the case of the industrial specialties which had been so rapidly moved up previously. The bull forces were nevertheless very active in advancing prices on Friday, Dec. 24, the day before Christmas, and again on Dec. 31, the clos ing day of the year, and the market on both those days wore the appearance of great strength, though the collapse which occurred the following Monday, Jan. 3, clearly showed that appearances had been deceptive in that respect. Amid the irregularity transactions the last 10 days of the month grad ually dwindled and total sales Friday, Dec. 31, were no more than 1,382,600 shares, or only about one-half what they were on the memorable Friday two weeks before, when the action of the Steel Corporation directors had such a sensational effect on the market. As in previous months, the high-priced shares were par ticularly prominent in the fluctuations and their movements up and down most of the time controlled the course of the general market. Among the railroad stocks Atchison com. was pre-eminently the leader. With earnings far in excess of the dividends paid, talk was indulged in with growing frequency of the probability of a stock dividend like that made by the Steel Corporation. After the close of the year the Atchison announced merely % of 1% extra, in addition to the regular quarterly payment of 1% % . The stock sold up from 153% Dec. 1 to 172 Dec. 24 and closed Dec. 31 at 170%. Reading com. also moved up with great rapidity; these share are of $50 par value and rose from 88% Dec. 1 to 101% Dec. 20, with the close Dec. 31 at 96. The shares of the companies involved in the proposed Nickel Plate merger also were prominent in the rise, Chesapeake & 7 Ohio com. advancing from 158% Dec. 8 to 168 Dec. 21, with the close Dec. 31 162% ; New York Chicago & St. Louis com. from 133% Dec. 6 to 147 Dec. 18, with the close Dec. 31143% ; Pere Marquette com. from 110 Dec. 1 to 122 Dec. 13, with the close Dec. 31 114. Among other railroads, Atlantic Coast Line rose from 199% Dec. 6 to 212 Dec. 13, and closed Dec. 31 at 205% ; Canadian Pacific rose from 162% Dec. 14 to 170% Dec. 20 and closed Dec. 31 at 167% ; Central New Jer sey rose from 283 Dec. 8 to 295% Dec. 17 and closed Dec. 31 at 290; Northwest com. from 76% Dec. 6 to 83% Dec. 20, with the close Dec. 31 80% ; Lackawanna from 144 Dec. 8 to 149% Dec. 21 and closed Dec. 31 at 145; Lehigh Valley ($50 shares) from 92% Dec. 1 to 106 Dec. 10, with the close Dec. 31 100; Union Pacific com. from 159% Dec. 6 to 165% Dec. 20, with the close Dec. 31 162%. Southern Railway ad vanced from 116% Dec. 3 to 126% Dec. 31, but Louisville & Nashville dropped from 134% Dec. 17 to 127 Dec. 29, with the close Dec. 31 at 129. It will be noticed that all the railroad shares enumerated closed Dec. 31 substantially below the best prices of the month and the same is true of the industrial specialties, while the general list of industrial shares in very many cases closed lower in December than the close in November. U. S. Steel com. after selling up from 146% Dec. 1 to 160% Dec. 17, closed Dec. 31 at 157%. General Motors com. fluc tuated widely from day to day, but moved up from 138% Dec. 1 to 160% Dec. 27, with the close Dec. 31 at 153%. This was on reports that whatever might be the situation of the motor industry generally, the General Motors was still doing a business far in excess of that of the corresponding period in the preceding year. Nash Motors jumped from 55% Dec. 1 to 70% Dec. 23, with the close Dec. 31 at 69%. Hudson Motors advanced from 45% Dec. 1 to 55% Dec. 31. On the other hand, Mack Truck declined from 101% Dec. 16 to 95% Dec. 22, with the close Dec. 31 97%. Jordan Motor moved up from 14% Dec. 1 to 26 Dec. 8, but with the close Dec. 31 21 bid. Pierce-Arrow com. declined from 25% Dec. 13 to 21% Dec. 28, with the close Dec. 31 at 22%. Among the railroad equipment stocks Baldwin Locomotive com. en joyed a further rise, advancing from 152% Dec. 6 to 167% Dec. 24, the highest figure of the year, but closing at 155% Dec. 31, which compares with the low for the year of 92% Mar. 31. The advance was predicated on large orders re ceived from the railroads. Among the numerous speculative specialties, United States Cast Iron Pipe & Foundry com. moved up from 215% Dec. 1 to 238% Dec. 27, with the close Dec. 31 228% ; on the other hand. Allied Chemical & Dye com., after touching 148% Dec. 20, the high figure of the year, dropped to 133% Dec. 29, with the close Dec. 31 136%. American Smelting & Re fining com. sold up from 133 Dec. 1 to 149% Dec. 27, with the close Dec. 31 at 142%. International Harvester com. jumped from 137 Dec. 1 to 158% Dec. 15, with the close Dec. 31 142%. American Brake Shoe & Foundry com., on the other hand, dropped from 149% Dec. 9 to 138 Dec. 29. National Lead jumped from 155 Dec. 1 to 180 Dec. 20, the high record for the year, but closed at 167. E. I. du Pont de Nemours spurted up from 161 Dec. 1 to 181% Dec. 27, with the close Dec. 31 at 177. And numerous other instances of wide fluc tuations and great irregularity might be named. As a class the sugar stocks showed strength and firmness on the rise in the price of sugar, as did the oil stocks, the latter influ enced by a number of advances in the price of gasoline and an improved situation generally for the petroleum industry. The local traction stocks were strong and weak by turns as the local political situation improved or grew less favor able. Call money rates ruled high throughout the month but were a factor in the speculation only when bear operators chose to make them so. In the bond market prices were well maintained, though with a slight shading off in the case of the gilt-edged issues at the close. VOLUME OF BUSINESS ON THE STOCK EXCHANGE. 1924. 1926. Month o f December— 1925. 1923. Stock sales—No. of shares 41,973,806 43,264,506 43,101,361 25,523,868 $ Bond sales (par value)— Railroad & miscell’s__ 194,936,000 174,374,000 233.322,400 134,671,000 United States Govern't 25,323,800 37.56S,100 74.062,300 70.225.000 State, munic. & foreign 83,626,000 53,460,500 80,061,500 24.910.000 Total bond sales______ 303,885,800 265,402,600 387,446,200 229,806,000 Jan. 1 to D ec. 31— Stock sales—No. of shares 450,845,256 454,404,803 281,991,597 236,115,040 $ Bond sales (par value)— $ $ $ Railroad & miscell’s___2,004,266,900 2,331,926,175 2,345,321,300 1,567,961,000 United States Govern’t 262,204,300 390,929,760 876,930,815 796,431,000 State, munic. & foreign 720,661,950 660,932,760 582,100,500 425,206,000 Total bond sales______2,987,133,150 3,383,788,695 3,804,352,615 2,789,598,000 THE U NITED STATES T R E A S U R Y ’S DECEMBER F IN A N C IN G . The Treasury Department at Washington Dec. 7 made public the December financing program of the United States Government. This took the form of an offering of nine months’ Treasury certificates of indebtedness, dated and bearing interest at the rate of 3% % per annum, from Dec. 15 1926 and maturing Sept. 15 1927. The certificates were tax certificates and the amount of the offering $200,000,000 “ or thereabouts.” It was announced that the Treasury would accept in payment for the new certificates 3% % Treasury certificates of series TD-1926, maturing Dec. 15 1926. and it was further stated that subscriptions for which payment was tendered in these maturing certificates would be allotted 50% of the amount applied for. About $450,000,- 8 MONTHLY REVIEW 000 of these old certificates were awaiting retirement on Dec. 15 1926. Secretary Mellon in his announcement stated that the offering of new certificates was intended with the balances already on hand, and the December tax receipts, to cover the Treasury’s further cash requirements until the March 1927 quarterly tax period. Subscription books for the new issue were closed at the close of business on Dec. 9 and on Dec. 12 the Treasury Department stated that total subscriptions had aggregated some $1,096,000,000. The total of allotments was $229,264,500. The old certificates ten dered in exchange reached $103,888,000, and these were al lotted 50% of the amount applied for in accordance with previous announcement. The cash subscriptions were $992,168,500, and on these the allotments were as follow s: All subscriptions in amounts not exceeding $1,000, for any one subscriber, were allotted 50% but not less than $500 on any one subscription; subscriptions in amounts over $1,000 were allotted 10%, but not less than $500, on any one subscrip tion. T H E M O N E Y M A R K E T D U R IN G DEC EM BE R . The money market followed about the usual course during the closing month of the year. Many different circum stances combined to keep the rates for demand accommoda tion stiff at somewhat higher figures even than in the pre ceding month, while rates for time accommodation also moved fractionally higher in face of the knowledge that in the New Year the large 1st of January dividend and inter est payments would serve to furnish an over-abundance of loanable funds. Demand accommodation was in urgent re quest throughout the whole of December and the call loan rate on the Stock Exchange on several days the latter part of the month touched 6%, the highest figure reached since the end of Sept. Business on the Stock Exchange again greatly increased and this enlarged the call for funds from that source. At the same time the nutting out of a new issue of Treasury certificates for over $200,000,000, as noted above, with the large income tax collections for the Decem ber quarter, and the paying off of $450,000,000 of old cer tificates of indebtedness involved a large shifting of funds, which necessarily played its part in affecting the call loan branch of the market. Then, also, the New York Clearing House banks and trust companies, in part as the result of the same circumstances, suffered more or less tension, which was reflected, as in previous months, by a drop in reserves to below legal requirements, such a deficiency being shown in the return for Saturday, Dec. 4, and again in that for Saturday, Dec. 18. The closing days of the month the prep arations for the extraordinarily heavy 1st of January pay ments tended still further to augment the requirement for demand loans and led to the rise in the call loan rate to 6%, notwithstanding the banks sought to ease the situation by extending their borrowings at the Federal Reserve Bank. At the beginning of the month the distribution of the 1st of December payments served somewhat to ease the situa tion, with the effect of causing a drop in the call loan rate on the Stock Exchange to 4y2% on Dec. 2, and again on Dec. 3, but on Monday, Dec. 6, on the huge deficit in reserves shown by the Clearing House banks in their return for Sat urday, Dec. 4, the rate advanced to 5% % . This, though, was only temporary and by Dec. 10 the quotation was back to 4% % . Preparations, however, for the Dec. 15 income tax payments and the general shifting o f funds which occurred on that and succeeding days, caused a rise to 5% on Dec. 13 and to 5% % on Dec. 20, and finally to 6% as the high figure on Dec. 23 and again on Dec. 24, and (after a reac tion to 5y2% in the interval) to the same figure on Dec. 30 and also on Dec. 31, though on the last mentioned day an accumulation of funds for the 1st of January disbursements brought a decline by the close of the day to 5%. The re newal rate was 51 /4% Dec. 1; 5% Dec. 2; 4% % Dec. 3 to Dec. 6; 5% Dec. 7, 8, 9; 4y2% Dec. 10 to Dec. 13; 5% Dec. 14 to Dec. 20; 5% % Dec. 21, 22, 23; 6% Dec. 24; 5% % Dec. 27 to Dec. 30, and 6% Dec. 31. The New York Stock Exchange now issues an official state ment every day regarding the call money situation, and the following is a summary of these daily reports for every busi ness day during December. The fact should not be over looked that no call loans are ever negotiated on the Stock' Exchange on Saturdays, the loans arranged on Fridays ex tending over until the following Monday. CALL LOANS ON T H E N E W Y O R K STO CK E X C H A N G E . Dec. Dec. Dec. Dec. Dec. Dep. Dec. Dec. 1— Renewal, 534%; high, 534%; low, 5% ; last, 5% . Corporate disbursements brought about large offerings, causing reduction in rate to 5% . 2— Renewal, 5% ; high, 5% ;low , 434%; last, 434%. Moderate turn over; accumulation o f money offered brought about reduction in rate. 3— Renewal, 434%; high, 434%; low, 434%; last, 434%. Average volume; featureless day. 6— Renewal, 434; high, 534; low, 434: last, 534- Deficiency in re serves brought about calling of loans, causing advance in rate. 7— Renewal, 5% ; high, 5% ; low, 5% ; last, 5% . Fair turnover; am ple supply all day at renewal rate. 8—-Renewal, 5% ; high, 5% ; low, 5% ; last, 5% . M oney freely offered all day. Some loans reported made at a lower rate over the counter. 9— Renewal, 5% ; high, 5% ; low, 434 %; last, 434 % . Moderateturnover. Free offerings caused reduction in rate. 10—Renewal, 434%; high, 434%; low, 434%; last, 434% . Quiet day. Sufficient offerings for all demands. [Vol .124. Dec. 13—-Renewal, 434%; high, 5% : low, 434%: last, 5% . Fairly active day. Preparation for mid-month financing brought about advance in rate. Dec. 14— Renewal, 5% ; high, 5% ; low, 5% ; last, 5% . Funds were in free supply at the renewal rate on a fairly active volume of trans actions. Dec. 15— Renewal, 5% ; high, 5% ; low, 434%; last, 434%. Temporary accumulation of funds against Government financing and cor porate disbursements brought about a decline in the rate Dec. 16— Renewal, 5% ; high. 5% ; low, 434%: last. 414%. M oderate volume. Easy conditions prevail pending the return of checks for tax and other payments. Dec. 17—Renewal, 5% ; high, 5% ; low, 5% ; last, 5 % . Normal turnover. Money in supply all day at the renewal rate. Dec. 20— Renewal, 5% ; high, 534%; low, 5% ; last, 534%■ Return of checks against income tax payments caused advance to 534% with ample supply at that rate. Dec. 21— Renewal, 534%; high, 534%: low, 534%; last, 534%. Moderate turnover. Normal conditions all day. Dec. 22— Renewal, 534%; high, 534%; ow, 534%; last, 534%. Quiet, featureless day. Funds plentiful. Dec. 23— Renewal, 534%; high, 6% ; low, 534%; last, 6 % . Seasonal demands caused advance in rate. Ample supply at 6% . Dec. 24— Renewal, 6% ; high, 6% ; low, 534 %: last, 534 % . Free offerings on the renewal rate of 6 % brought about the decline to 5 34 % . Dec. 27— Renewal, 534%; high, 534%; low, 534%; last, 534%. Average turnover. Surplus offerings all day. Dec. 28— Renewal, 534%; high, 534%; low, 534%; last, 534% . Moderate turnover. Ample supply. Dec. 29— Renewal, 534%; high, 534 %; low, 534%; last, 534% . Quiet day. Funds plentiful. Dec. 30— Renewal, 534%; high, 6% ; low, 534%; last, 6 % . Calling of loans for end-of-year requirements caused advance to 6% . Suf ficient funds all day at the rate. Dec. 31— Renewal, 6% ; high, 6% ; low, 5% ; last, 5 % . Accumulation of funds for first of month disbursements brought about decline in rate. Time loans secured by stock and bond collateral also moved fractionally higher, as already stated. The advance occurred at the very beginning of the month. At the end of November, it may be recalled, the quotations were 4 4% % for all periods from 60 days to six months. In the opening days of December there was an advance to 4 4% % for 60 days, and to 4 % @ 4 % % for 90 days and for five and six months. This was followed soon thereafter by an advance to 4 % @ 4 % % for all periods from 60 days to six months, which remained the quotation for the rest of the month, though very little business was done at these fig ures and what few transactions did occur were usually at the outside figure. Mercantile paper rates continued to be quoted at 4 }4 @ 4 % % for four to six months’ names of choice character, with names not so well known requiring 4 % @ 4% % . Trading was restricted by the lack of offerings. New England mill paper and the shorter choice names continued to be dealt in at 4:%%. Rates for banks and bankers’ acceptances were little changed. There was a falling off in the inquiry for accept ances, but this was natural in view of the high rates ruling for call loans on the Stock Exchange. It is a fact, however, that for call loans against bankers’ acceptances the posted rates of the American Acceptance Council was not changed from 4% until Dec. 27, when it was raised to 4y2% and so remained to the end of the month. In the rates for bankers’ acceptances there were fractional changes in the case of bills running 60 to 90 days. For prime bankers’ acceptances, eligible for purchase by the Federal Reserve banks, the American Acceptance Council left the rate for bills running 30 days unchanged at 3% % bid and 3% % asked. On the other hand, the rate for bills running 60 days was advanced from 3% % bid and 3% % asked to 3% % bid and 3% % asked; the rate for 90-day bills was advanced on Dec. 8 from 3% % bid and 3% % asked to 4% bid and 3% % asked, but on Dec. 31 was again reduced to 3% % bid and 3% % asked; for 120-day bills the quotation remained unchanged throughout at 4% bid and 3% % asked, while the rate for 150 days and 180 days was kept unaltered at 4% % bid and 4% asked. There was no change during the month in the rediscount rates of any of the Federal Reserve banks, these remaining at 4% for all classes of paper and for all maturities at all the different Reserve banks. RATES FOR MONEY AT NEW YORK, WEEKLY. — D ec. 3. D ec. 10 D ec. 17 D ec. 24 D ec. 31 — Range for wk. (mixed & Indus, c o ll.)..434-534 434-534 434-5 5 -6 534-6 Week’s avge. (mixed & indus. coll.)__ 5 5 5 534 534 Time Loans (M ixed & Indus. Collateral)— Sixty days_________ 434-434 4J4-4K 434-434 434-434 4 y a’4 % Ninety days...................................................434-434 434-434 454-434 434-434 434-434 Four months.............. ...................... 434-434 434-434 434-434 434-434 434-434 Five months...................................... 434-434 434-434 434-434 434-434 434-434 Six months.......................................................434-434 434-434 434-434 434-434 434-434 Commercial Paver — Double and single names— Prime 4 to 6 months.................. 434-434 434-434 434-434 434-434 434-434 Good 4 to 6 months.......................... 434-434 434-434 434-434 434-434 434-434 Week Ending Call Loans on Stock Exchange FEDERAL RESERVE AND CLEAR rNG HOUSE BR O K E R S’ LOANS. BAN K S— Brokers’ loans on Stock Exchange collateral during De cember, as already stated, again increased. The increase may be said to have begun the last week in November, inas much as the statement of the Federal Reserve Board for the close of business on Dec. 1 showed that the grand aggre gate of loans to brokers and dealers (secured by stocks and bonds) by the 55 reporting member banks in New York City had increased during the week from $2,608,283,000 to $2,646,653,000. The return for Dec. 8 showed very little change from this, the amount now being $2,638,528,000, but on Dec. Ja n . 1927.] , MONTHLY EEYIEW 9 15 the amount was up to $2,692,450,000, on Dec. 22 to $2,723,- termed “ bills payable, rediscounts, acceptances and other 465,000, with a further increase on Dec. 29 to $2,787,761,000. liabilities” ; this item, after falling from $657,913,000 Nov. The amount of the loans made by these member banks for 27 to $582,048,000 Dec. 4, ran up to $721,662,000 Dec. 31, their own account went through some wide changes, as ap which was also higher than in any other week of the year 1926 pears from the fact that after increasing from $838,562,000 except Jan. 2. It was noted further above that the Clearing Nov. 24 to $883,047,000 Dec. 1, the amount dropped to $813,- House returns for both Dec. 4 and Dec. 18 showed deficien 368.000 Dec. 8 , then moved up to $825,465,000 Dec. 15, to cies in the required legal reserves. The deficiency Dec. 4 $906,973,000 Dec. 22, and to $1,008,235,000 Dec. 29. On the was no less than $45,001,170. It was occasioned by the other hand, the fluctuations in the loans for account of out- drawing down of member bank reserves with the Federal of-town banks and in those for account of others were much Reserve Bank. The next week, with the restoration of these narrower and apparently were controlled in no small meas reserves at the Reserve Bank, the deficit was converted into ure by the changes in the loans made by the member banks a surplus of $13,658,480; the following week (Dec. 18), with for their own account, a reduction in these latter bringing some reduction in the reserves at the Reserve Bank, a new advances in money rates, and this in turn constituting an deficit in the required reserves appeared, but for only additional inducement to outside lenders for employing some $5,036,920. On Dec. 24, with the reserves at the Federal more of their funds here. The total of the loans for account Reserve Bank heavily increased as a result o f borrowing of out-of-town banks, which was down to $1,026,355,000 at the Reserve institution, the deficiency of Dec. 18 was Dec. 1, increased to $1,062,969,000 Dec. 8 , and to $1,074,765,- turned into a surplus of $41,193,430. In the return for Dec. 000 Dec. 16, but moved down to $1,037,103,000 Dec. 22 and to 31, the surplus was reduced to $21,087,130, but the reason $1,021,747,000 Dec. 29. The amount loaned “ for account of for this was the large expansion in the deposits ($120,103,others” rose from $737,251,000 Dec. 1 to $762,191,000 Dec. 8 000) as a result of the increase of $239,501,000 in the loan and to $792,220,000 Dec. 15, but then fell to $779,389,000 Dec. item. 22 and to $757,779,000 Dec. 29. C O U R S E O F S T E R L IN G E X C H A N G E D U R IN G D E C E M B E R . It follows from what has been already said that member There were no striking features in sterling exchange dur banks must have enlarged their borrowing at the Federal Reserve banks, mainly, of course, at New York, but also to ing December, but the tone was distinctly strong, especially some extent at the other Reserve banks. Studying the fig the latter part of the month, and a substantial advance in ures is complicated by the disturbing influence of the rates occurred, thereby precluding shipments of gold from month’s transactions of the Federal Government, and in London to New York except as special transactions. No particular by the fact that pending the income tax collec doubt the most important factor in the improvement was tions the middle o f the month, the United States Treasury the complete collapse the previous month of the British coal was obliged to sell a large amount of temporary certificates strike and a return to normal conditions in that respect and of indebtedness to the Reserve banks. Altogether no less the reviving effect that this has had on British home trade. than $188,000,000 of such temporary certificates were issued, Furthermore, in December there is usually a seasonal de pending the collection of the quarterly installment of the mand for remittances to the other side. The result was that taxes—$162,000,000 to the Federal Reserve Bank of New a substantial advance in rates occurred the last half of the York and $26,000,000 to three other Reserve banks. All month. As late as Dec. 13, sight bills on London were these appeared in the Federal Reserve statements for Dec. quoted as low as 4 84 7-16. By Dec. 29 the rate was up to 15, and all had been taken up again when the Reserve Board 4 85 5-32, but with a reaction to 4 84 13-16@4 84% on Dec. issued the statements for Dec. 22. As a consequence the 31. Much of the buying of bills responsible for the improve holdings of Government securities of the twelve Reserve ment in rates was for foreign account. The high money banks first sharply increased and then were heavily re rates prevailing in this country of course rendered out of duced, though the changes did not precisely correspond with the question any movement of American funds to London the issuance and cancellation of the temporary certificates for either deposit or investment account. On the other of indebtedness. The holdings of Government securities by hand, it was intimated in some quarters that at least some the twelve Reserve banks ran up from $305,908,000 Dec. 1 to of the buying of exchange was of an official nature, de $478,239,000 Dec. 15, then dropped to $314,406,000 Dec. 22 signed to support the pound and prevent the outflow of gold and were $317,204,000 Dec. 29. On the other hand, the hold from London. In substantiation of this view it was claimed ings of discounted bills fell from $645,476,000 Dec. 1 to $562,- that the bulk of the inquiry for exchange was coming from 307.000 Dec. 15, but with the paying o ff of the temporary London, and that it included a variety of spot and future certificates and the sale of new certificates to an aggregate bills not usually traded in at a time like the present. Hence, of $229,264,500 and the holiday demand for currency, in the assumption that the Bank of England was extending creased to $715,424,000 Dec. 22, and were $710,931,000 Dec. support. A feature of the trading which aroused interest 29. Holdings of acceptances increased from $368,163,000 was the action of futures. Previously, when spot quotations Dec. 1 (and $340,629,000 Nov. 24) to $390,989,000 Dec. 8 , but moved up, there was a widening of the spread between spot were only $378,798,000 Dec. 29. Total bill and security hold and futures, whereas now, the reverse was the case, and the ings, or earning assets, after increasing from $1,322,111,000 future market held its own with spot. The latter part of the Dec. 1 to $1,427,235,000 Dec. 15, mainly as a result of the month. 30-day futures sold at a discount of only 1-32 of a issuance to the Reserve banks by the United States Govern cent; 90 days about % of a cent, and six months’ futures ment of the temporary certificates of indebtedness already only about % of a cent below the price for immediate deliv referred to, were only slightly reduced in the succeeding two ery, a situation which was interpreted as meaning that for weeks, and were $1,409,529,000 Dec. 29. Federal Reserve eign exchange bankers had confidence in the outlook. The notes in actual circulation rose from $1,771,626,000 Dec. 1 to Bank of England suffered a substantial diminution of its $1,913,960,000 Dec. 22, in part as a result of the holiday de gold holdings during December. The return for Dec. 8 mand for currency, but fell back to $1,857,015,000 Dec. 29. showed an addition to gold stock of £357,626, but this Gold reserves were drawn down from $2,830,717,000 Dec. 15 was followed by a loss in the week of Dec. 15 of £1,140,718, to $2,803,2S0,000 Dec. 22, by the holiday demand, but were of £149,772 more Dec. 22, and still another loss of £824,567 in the weekly return for Dec. 2(J, in which circumstances it up again to $2,814,811,000 Dec. 29. The Federal Reserve Bank of New York by itself expe would be natural to endeavor to hold exchange at a figure rienced closely similar changes. As a matter of fact, the rendering unprofitable shipments of the metal from London changes at New York, by reason of their magnitude, dom to New York. T H E C O N T IN E N T A L A N D O T H E R F O R E IG N E X C H A N G E S . inated those for the twelve Reserve banks combined. Fed eral Reserve notes of the New York Reserve Bank in actual In the exchanges on the continent of Europe, the feature circulation increased to $421,548,000 Dec. 22, against $390,- during December was again the performances of the French 534.000 Dec. 1 and were $408,621,000 Dec. 29. Holdings of franc. The franc continued to rise and finally got above United States Government securities of the New York Re 4c., as against less than 2c. the previous July (1.94% July serve Bank increased from $59,859,000 Dec. 1 to $213,595,- 2 0 ), marking a doubling of the purchasing power of the 000 Dec. 15 and were $66,093,000 Dec. 29. The volume of franc in foreign markets in the space of only five months. discounted bills after increasing from $140,111,000 Dec. 1 to It was claimed that this rapid advance was proving dam $160,016,000 Dec. 8 , fell to $100,029,000 Dec. 15, but was aging to French trade, that French industries were becom $174,244,000 Dec. 22 and $173,655,000 Dec. 29. The net re ing depressed and that unemployment was resulting. French sult of all these changes is found in the total bill and secu commodity prices which during the summer had been ad rity holdings, which rose from $308,488,000 Dec. 1 to $422,- justed to the low level of the franc, that is had been further 813.000 Dec. 15 and then fell to $339,793,000 Dec. 29. inflated, now failed to decline with the advance in the franc, The weekly returns of the New York Clearing House or at least failed to decline in a degree to correspond with banks and trust companies reveal very clearly the prevail the higher level of the French unit. Accordingly, French ing strain— a strain which often is encountered in the clos goods were no longer so extremely cheap as they had been ing month of the year, though not usually to the extent ex in foreign currencies and France’s great advantage in ex perienced on this occasion. Loans and discounts (after some ports disappeared. Moreover, it seemed impossible to tell changes in the intervening weeks) were up to $5,771,022,000 how much further the rise in the French franc would go. Dec. 31, against $5,416,481,000 Nov. 27, and deposits were The rise was bringing French capital back from abroad that $5,344,747,000 Dec. 31, against $4,999,612,000 Nov. 27. Both had sought safety in foreign countries when the franc was deposits and loans were at the highest figures of the year so weak as to engender fears it might go the way of the Ger by far. Government deposits are not included in the totals man paper mark. Confidence in French finances was fur given and these, after dropping to $17,515,000 Dec. 11, were ther promoted by the ease and facility with which Premier $39,680,000 Dec. 31, as the result of the income tax collec Poincare succeeded in getting his balanged budget through tion and the United States Treasury’s new financing. An the French Parliament; finally, M. Poincare definitely re other evidence of strained conditions is found in the item fused to state at what figure he would attempt to stabilize 10 MONTHLY REVIEW the franc, saying that was a matter for the future, and it was well known that he entertained the fond hope that the franc might make still further progress towards recovering its pre-war or gold value. All this made the position of those who had sold the franc short extremely difficult. In the meantime the complaints of French merchants and business leaders kept becoming louder and more insistent and the ultimate outcome was that the Bank of France was permitted to step in and undertake to hold the franc under control, at least for the time being. Quite unexpectedly the news came from Paris Dec. 23 that representatives of the Bank of France had announced that the Bank would buy or sell foreign exchange to any amount at the then prevailing rate, namely 25.19 to a dollar and 122.50 to the pound ster ling. This action, cablegrams stated, followed the measures taken by the Bank of France the previous day and the day before to bring the pound from 118 to 1 2 2 , and gave rise to the report that the Government had decided to peg the franc at its present value. The cablegram added that in quiry showed this to be incorrect and that action by the Bank of France was not strictly a Governmental measure. However, accounts in that respect differed, and at all events the action of the Bank of France had Government sanction and approval. It was nevertheless denied that stabilization was to be effected at the buying and selling price fixed by the Bank of France— rather it was declared the step might be considered a pre-stabilization measure. Whatever the ultimate outcome, the action had the effect of completely changing the situation for the time being and giving the franc a fixed value, instead of a widely and wildly fluctuat ing one. From 3.70%c. Dec. 1 checks on Paris had risen to 4.05%c. Dec. 20, and the quotation hovered in the neighbor hood of 4.00c. when the Bank of France intervened to hold it at or below 4.00c. After the Bank’s announcement the rate dropped to 3.95%c. and for the remainder of the month it did not deviate very7 greatly from that figure. The Bank of France in its return for Dec. 8 showed a reduction in note circulation during the week of 37,436.000 francs, with fur ther reductions on Dec. 15 and Dec. 22 of 757,915,000 francs and 302,918,000 francs, respectively, but with an increase [Vol .124. on Dec. 29 of 673,800,000 francs. The Government’s indebt edness to the Bank of France remained unchanged the first week and the third week of the month, but was reduced 250,000,000 francs the second week of the month and 450,000,000 francs the fourth week. It should be noted, furthermore, that the Bank of France on Dec. 16 reduced its rate of dis count to 6 % % from 7% % , to which latter figure it had been advanced from 6 % on July 31 1926, when the French finan cial situation was in such a precarious condition. Belgian currency was unaffected by the course of the French franc and the new Belgian unit, the belga, fluctu ated within very narrow limits, namely 13.90 to 13.93%. Announcement by the Belgian Government of the cessation of restrictions on the movement of capital exports from Ant werp had no effect on rates. The Italian lira developed re newed strength and checks on Rome advanced from 4.25 Dec. 1 to 4.61% Dec. 14, after which a reactionary tendency developed, with the range Dec. 31 4.48% @4.50. German reichsmarks evinced a rising tendency and checks on Berlin, after selling at 23.76 Dec. 6 , touched 23.83% Dec. 27, with the rate Dec. 31 back to 23.77%. The Bank of Germany showed a reduction in note circulation the first week of the month of 83,609,000 marks and the second week of 125,057,000 marks, but an increase of 132,309,000 marks the third week and of 437,413,000 marks the fourth week. The Aus trian schilling remained unchanged throughout the month at 14%c. Greek exchange was favorably affected early in the month by the formation of a coalition Cabinet, but later in the month lost most of the advance. The drachma on checks moved'up from 1.27% on Dec. 1 to 1.32 Dec. 4, but Dec. 21 was down to 1.20, with the close Dec. 31 at 1.25%. The Polish zloty was very little changed during the month. No very notable changes occurred in the rates on the smaller continental centres of the countries which were not involved in the World War. Formal announcement that Denmark had actually returned to the gold standard and that the Danish crown would be placed on a gold basis Jan. 1, had no perceptible effect on Danish exchange, and no very great deviation in rates occurred during the month on the different Scandinavian centres though the tendency RATES OF EXCH AN GE ON CON TIN EN TAL CENTRES. NOTE.—Method of Quoting French, Swiss and Belgian francs and Italian lire changed on Dec. 1 1920 to show th e value of all th ese different u n its in cen ts per u n it. T he previous m ethod of q u otin g was to give th e num ber of francs or lire to th e dollar. The Belgian G overnm ent on O ct. 26 1926 adopted th e “ Belga” as th eir u n it of currency. A Belga is equal to five francs. Paris Q A ntw erp Bankers’ Francs Bankers' Checks Amsterdam Swiss Francs V) Bankers’ Checks Cables Ouilders Bankers’ Cables Checks 1 3.70Ha3.74 3.71Ha3.75 19.28 H ^ 3.80 a3.84 3.81 a3.85 19.28 H 33.83 a3.92H 3.84 a3.93H 19.29 43.95Ha3.97M 3.96Ha3.98M 19.28H 5 SUN DAY SUN 6 3.88Ma3.98H 3.89Ma3.99H 19.28 Hal9.29 7 3.76 a3.89 3.80 a3.90 19.28H 8 3.8S a4.00 3.90 a4.01 19.29 93.91 a3.97 3.92 a3.98 19.30 al9.33 103.87 a3.91H 3.88 a3.92H 19.31 al9.33 ll3.95M a3.97H 3.96Ma3.98H 19.31 SUN DAY SUN 133.98 a4.00M 3.99 O4.01M 19.31H 14 3.95 a3.98 3.96 a3.99 19.31 H 15 3.95 a3.99H 3.96 a4.00M 19.32al9.32M 16 3.96Ha4.01H 3.97 Ha4.02M 19.33 17|3.98 Ho4.00 3.99Ha4.01 19.33al9.33H 183.98Ma4.00M 3.99MO4.01M 19.33H 19i SUN DAY SUN 204.02 a4.05H 4.03 a4.06H 19.33M 214.0C a4.02 4.01 a4.03 19.32 M 19.32 22 3.96 a3.98 3.97 a3.99 19.33 233.96 a3.97 3.97 a3.98 19.33 243.95Ha3.96 3.96Ma3.97 25 HOLI HOLI DAY 26 SUN SUN DAY 27 3.95 3.96 19.33al9.34M 28 3.96 H 19.34H 3.95H 29 3.95H 3.96H 19.34al9.3~4H 303.94M a3.95H 3.95Ma3.96H 19.32Mal9.34 311 3.94 H 19.32 3.95H I2 j D enm ark Cables Sight Cables 19.29H 39.96 H 39.98H 39.96 H 19.29H 39.98H 19.30 39.97 39.99 39.96H DAY H 19.29H 39.98 DAY SUN 19.29Hal9.3C 39.96 H 39.98H 39.96 39.98 19.29H 19.30 39.96M 39.98Ma.97M 19.31 al9.31 39.96 39.98 19.32 al9.31 39.95Ha39.96 39.97 Ha39.98 19.32 39.95 39.97 DAY SUN DAY 39.96 H 39.98 H 19.32H 19.32 H 39.97 a39.98 39.99 a40.00 19.33al9.33M 39.98Ha39.99 40.00Ha40.01 19.34 39.98H 40.00H 40.00 19.34al9.34H 39.98 39.97 H 39.99H 19.34H DAY SUN DAY 19.34 M 39.97 Ha39.98 39.99Ha40.00 19.33M 39.96H a.97H 39.98 Ha.99H 19.33 39.97H 39.99H 19.34 39.98 40.00 19.34 39.98 a39.99 40.00 a40.01 HOLI DAY SUN DAY DAY DAY 13.91 13.90M 13.91 13.90M 13.91 13.90 M 13.91 13.90M SUN DAY 13.91 13.90M 13.91 13.90M 13.91 13.90M 13.91 13.90M 13.91 13.90M 13.91M 13.91H SUN DAY 13.91M 13.91H 13.91 13.90M 13.92 13.91M 13.91 H 13.91M 13.91M 13.91H 13.91 13.90M DAY SUN 13.91 13.90M 13.91 13.90M 13.92 13.91M 13.91H 13.91M 13.90 13.91 HOLI DAY SUN DAY Greek Now quoted in Cents per Drachma Italian Belga Lire Bankers' Sight Cables Bankers' Cables Checks 4.25 a.27H 4.26 a.28H 1-27 H 1.28 4.27 a.30 4.28 a.31 4.27Ha.34H 4.28H a.35H 1.29 a.32 4.33 a.35H 4.34 a.36H 1.32 SUN SUN DAY 4.31Ma.35 4.32Ma.36 1.31M 4.25Ha.33 4.26 H a.34 1.29 a.30M 4.28 a.31H 4.29 a.32H 1.28 a .29 4.31 a.36 4.32 a.37 1.27 H 4.33 a.36M 4.34 a.37M 1.24Ma.26H 1.26 4.50 a.56 4.51 a.57 SUN SUN DAY 1.24 4.53Ha.60 4.54Ha.61 4.42Ha.61H 4.43H a.62H 1.24H 4.39 a.49M 4.40 a.50H 1.23 H 4.47 a.49H 4.48 a.50H 1.24 4.44 a.46H 4.45 a.47H 1.23 H 4.47 a.48H 4.48 a.49H 1.23 SUN SUN DAY 4.52 a.53M 4.53 a.54M 1.23 H 4.45 Ma.48 M 4.46Ma.49M 1.20 4.41Ha.46H 4.42H a.47H 1.24Ma.25M 4.44 a.51H 4.45 a.52 H 1.23H 4.49Ha.51 4.50Ha.52 1.23 a .26 HOLI DAY SUN DAY 40.01 13.91 13.90 4.50 a.53M 4.51 a.54M 19.34al9.35M 39.99 13.91 13.90 4.50 a.54 4.51 a.55 19.35H 40.00H 40.02 H 19.35al9.35H 40.00 Ha.OlM 40.02 Ha.03M 13.90H.93H 13.91H.94H 4.46 a.52M 4.47 a.53M 19.33Mal9.35 40.00a40.00H 40.02a40.02H 13.91 13.92 4.49Ha.51 4.50Ha.52 19.33 40.00H 40.02H 13.91H 13.92H 4.48 Ma.50 4.49Ma.51 Berlin Sweden Norway * V ienna 1.28 1.28H 1.29Ha.32H 1.32H DAY 1.31M 1.29Ha.31M 1.28Ha.29H 1.28 1.25Ma.27H 1.27 DAY 1.25 1.25H 1.24H 1.25 124H 1.24 DAY 1.24H 1.21 1.25Ma.26H 1.24H 1.24 a. 27 HOLI DAY SUN DAY 1.24H 1.25 1.25H 1.25M 1.26M 1.23H 1.24 1.24H 1.24M 1.25M Spanish Pesetas Kroner Kroner Reichsmarks Schilling Bankers’ Checks Cables Bankers' Checks Cables Bankers' Checks Cables Bankers’ Checks Cables Bankers' Cables Checks Bankers’ Checks Cables 26.64 26.63 26.64 26.63 26.62 26.63 26.62 26.63 SUN DAY 26.64 26.63 26.64 26.63 26.63H 26.62H 26.64 26.63 26.63 26.62 26.62 26.63 SUN DAY 26.63 26.62 26.64 26.63 26.62Ha.65 26.63Ha.66 26.63a26.64 26.64a26.65 26.65 26.64 26.64 26.65 SUN DAY 26.64 26.65 26.63 26.62 26.63a26.65 26.64a26.66 26.65 26.64 26.64 26.65 26.68M 26.67M 26.69 26.68 26.68 26.67 26.67a26.70 26.68a26.71 SUN DAY 26.72a26.76 26.73a26.77 26.73a26.75 26.74a26.76 26.70Ha.73 26.71Ha.74 26.72H 26.73 H 26.73 26.72 26.72 26.71 SUN DAY 26.73 26.72 26.73 26.72 26.73 26.72 26.73H 26.72H 26.73 26.72 26.72H 26.73H SUN DAY 26.73 26.72 26.72 26.73 26.73 26.72 26.75 26.74 26.73a26.74 26.74a26.75 25.24a25.31 25.25a25.32 23.76H 23.78H 25.37a25.38 25.29a25.38 23.76H 23.78H 25.47a25.54 25.48a25.55 23.77 23.79 25.47 25.48 23.76 H 23.78H SUN DAY SUN DAY 25.42a25.51 25.43a25.52 23.76 23.78 25.29a25.46 23.76 23.78 25.28 23.78 25.22a.35H 25.23a.36H 23.76 25.27a25.37 25.28a25.38 23.76 23.78 25.23a25.32 25.24a25.33 23.76 23.78 25.21a25.24 25.22a25.25 23.76 23.78 SUN DAY SUN DAY 25.24a25.29 25.25a25.30 23.77a.78M 23.79a.80H 25.27a25.31 25.28a25.32 23.78 23.80 25.25a25.30 25.26a25.31 23.70 23.80 25.21a25.25 25.22a25.26 23.78 23.80 25.23a25.25 25.24a25.26 23.78H 23.80 H 25.17a25.24 25.18a25.25 23.78M 23.80M SUN DAY •SUN DAY 25.14a25.22 25.15a25.23 23.78 23.80 25.15Ha.17 25.16Ha.18 23.78 23.80 23.82 25.13a25.iq 25.14a25.17 23.80 25.15a25.29 25.16a25.30 23.80a23.82 23.82a23.84 25.28a.32 H 25.29a.33H 23.82Ha.83 23.83Ha.84 HOLI ■ 14H 14 H 14 H 14M 14 H 14 H 14 H 14H SUN DAY 14M 14M 14H 14M 14H 14 H 14 H 14 H 14 H 14H 14H 14M SUN DAY 14 H 14H 14 H 14 H 14H 14M 14 H 14M 14 H 14H 14H 14H DAY SUN 14H 14 H 14 H HH 14M 14H 14H 14H 14 H 14H 15.15al5.16 15.16al5.17 15.16i2a.22i9 15.17i2a.23i2 15.20a.24H 15.21a.25H 15.22 H 15.23H vi SUN DAY 15.18al5.22 15.19al5.23 15.17al5.20 15.18al5.21 15.19al5.21 15.20al5.22 15.16al5.22 15.17al5.23 15.17al5.21 15.18al5.22 15.19 15.20 SUN DAY 15.20al5.25 15.21al5.26 15.29al5.36 153.0al5.37 15.24a .29 H 15.25a.30H 15.22al5.25 15.23al5.26 15.22al5.24 15.23al5.25 15.24 15.25 m SUN DAY 15.23Ha.25 15.24Ha.26 15.25Ha.28 15.26Ha.29 15.25a.26H 15.26a.27H 15.25 Ha.26 15.26Ha 27 15.27 15.28 25.29 25.30 23.82i2a.83i2 23,83i2a.84i2 25.30a25.34 25.31a25.35 23.82 a.83i2 23 83Ua.84i2 23.82 25.30 25.31 23.83 25.26a25.30 25.27a25.31 23.77 Ha.82 23.78 Ha.83 25.27 25.28 23.77 H 23.78 H 14 H 14 H 14M 14M 14H Kroner 1 _______ ________ 2_______ ________ 3 ________________ 4 ________________ 5_______ ________ 6_______________ 7_____ ___________ 8 ________________ 9............................... 10_______ ________ 11_______ ________ 1 2 .._____________ 13_______ ________ 14_______________ 15________________ 16________________ 17_______ ________ 18_______ ________ 19_______ ________ 20_______________ 21_______________ 22_______ ________ 23________________ 24_____________ __ HOLI DAY 25_______ ________ SUN DAY 26________________ 26.65 27________________ 26.64 28_______ ________ 26.64a26.66 26.65a26.67 29_______ ________ 26 67H 26.68 H 26.68 30_______________ 26.67 26.68 31_______________ 26.67 HOLI DAY SUN DAY 26.74 26.74 26.74 26.74 26.74 26.75 26.75 26.75 26.75 26.75 HOLI DAY SUN DAY DAY SUN DAY HOLI DAY SUN DAY *Note.— Austrian exchange since the first of the year has been quoted in cents per schilling; paper kronen no longer quoted. 14H 14H 14H 14H 14 H HOLI DAY SUN DAY 15.27al5.31 15.25al5.31 15.25a.28H 15.27a.29H 15.27Ha.30 15.28al5.32 15.26al5.32 15.26a.29H 15.28a.30H 15.28Ha.31 Ja n . 1927.] , 11 MONTHLY REVIEW was upward at all these centres except for some weak its discount rate from 4% to 5%. The price of silver in ness for a time after the middle of the month in exchange on London Dec. 31 was 25d. per oz., against 24 ll-16d. Dec. 1. Norway. Checks on Denmark were 26.67 Dec. 31, against The Japanese yen moved slightly lower and was 49.00@ 26.63 Dec. 1; on Sweden 26.74, against 26.67%, and on Nor 49 3-16 Dec. 31, against 49.15@49.37 Dec. 1. way 25.27, against 25.24@25.31. Swiss francs and Dutch 1‘ i i i l 030i^Wl i OO00^C30i^Wi H i i i l l l i l i - O©00Mi i i i t5Hi i i i i i i l Mi CO00-q03Cn^03t guilders were also higher, checks on Switzerland being l i i l i i l i i i i i i 'i i i i i i i i i i i i i i i i 19.32 Dec. 31, against 19.28% Dec. 1, and checks on Amster dam 40.00% Dec. 31, against 39.96% Dec. 1. Spanish pesetas developed strength and checks were quoted at 15.27%@15.30 ^^ ^ 44 *^ 4 4- 4 - 4 - 4 - 4 ^ > * » ^ 4 .^ ^ 4 * Dec. 31, against 15.15@15.16 Dec. 1. OOOOOO 0 ®®0 OOOOOO 0 0 In rates on South America the Brazilian milreis developed 4 4 4 4 4 4 40 S54 OOOOOrp OOOCO^ £C4-4-4-® sssssX S X S S * OOOOO HOOOOO • O*CC o r • C*> n OOO further weakness, notwithstanding the announcement that M VT -N c\oM ^ ^ o> the President of Brazil had reached agreement on a bill to 4 4 4 4 4 QQ 44H ‘Q 4 4 4 4 0 0 4 4 stabilize exchange. The milreis on checks declined from 0 0i0n00cn 0 0 00 0>>ooooc 3 00 00 00 000000 C O C cn CadCn4 V, 4 4 5 ;4 12.40 Dec. 1 to 11.40 Dec. 10, but improved somewhat later ‘ ►< 4 « £*1 ^ 4 4 4 4 4 4 ^ 4 £ £ 4 sTssSS 0 4 OOO4 OO <)££ G § $ 0 OOOO 0OO Oi a a Oi O1 X O 5 in the month and was 11.80 Dec. 31. President Luis’s cur a a aaa i a a f a a 4 4 4 4 00 00 ( 0 0 O 0 0 i O0 CC0 oj or 0 0 CG0i n^ C0 C C Ox: iOO ncn r n rency reform plan calls, it is said, for a new unit of value, £3? the cruzeiro, the equivalent of about four paper milreis and k4 4 4 based on a gold standard of evaluation. It is said to have a 3 00 00 00 0 C4040 0O 0 0 *■444 4 4 4 4 4 4 4 favorable chance for passing the Brazilian Parliament, which, however, does not always act with great expedition. aaa a a 04004C0 a 4 4 4 4 a 00 0 O0 Xx 4 4 4 4 4 The Argentine peso showed further improvement and ad vanced from 40.70 Dec. 1 for checks to 41.43 Dec. 28, and 4 4 4 4 4 44444 4 4 4 4 44 was 41.35 Dec. 31. The Chilean peso was 12.05@12.12 Dec. 00 00 00 0000000000 00 00 00000000 00 00 O O O O O Oi O O O O O O O O O O 31, against 12.05@12.12 Dec. 1. The Peruvian libra was not 4 4 4 4 4 4 4 ^« J" 4 ^ S . r S s r * 00 ® CO ® ceoocooooooo CO® £ ® 00 b greatly changed. a a a a a a a a a a O O O O O O o a a a a 0 o a a 0 a \ OOCC\ O O O O O £ ©©©©£ © o >-o© 05 O « \ \O Rates on the Far East showed no great deviations during S S J f s S ; the month and improved somewhat in the case of the silver 44444 44444 4444 44 using countries, due to a slightly higher price for the metal. MkJMM C Q U <|<j 1 00 00 o 00 00 rj O00 00 00 00 00 H 00000000 rj rj 0000 The Hong Kong dollar was 48% @48% Dec. 31, or precisely “ £ £ ^ ^ 4 ^ 4 4 4 4 4 4 5 4 ^ -4 the same as on Dec. 1, though with some weakness in the a a a a a g M a a a a a uooaaR aoogG ooooooooooogooaaoo ■j < V < s*W k 1 J1 . -vj -vi-vj ^ ^ ^ ^ ————— v-s>'^O C O O O 5> O O O O C % rcO O O O O O C O ,% C O O O C > K O O O a» a. £ » MS^^OOOO^ a£ interval in the earlier part of the month and somewhat bet K s s'sl^ ^ * * ^ ter prices the latter part. The tael at Shanghai was 59% @ 44444 44444 4444 44 59% Dec. 31, against 59% @60 Dec. 1. Rupees on Bombay 00000 0 0 0 0 0 0 O00O00 0 O0O00 00 O00O 0 O00 0O0 0 O0 ^ b 00 O O were also slightly higher, notwithstanding that Indian cur £ £ £ £ 4£ !° 4 4 4 4 4 4 4 4 H»H J «»4 t ; es® ‘ £ £ £ £ G £ £ O 0® C 0 O M oo co oo to m 0 °* r i y rency is not supposed to be affected by the fluctuations in a a a a a 0 0 0 0 0 G *<a0a0a0a0oO **S » S!* ?N ri\OOo% 0000O 7 0000000000 oooooocooo *ow!0 0 0 0 ;J a20 ?0 0h0H ? S’OOxn H » 0 * o aOO P a oc H-h-OOO the price of silver. The rupee, however, is said to be prof £ iting by the deflationary measures undertaken by the Indian Government, and heavy reductions in note circulation, made a*Cp U 4 4 ww w 4 4 4 4 4 possible by easy money conditions in Bombay and Calcutta, 4 ^ 4 ^£££ ►*• ,-£ £ 4 4 4 4 4 4 4 £ £ s?l * O O O O O O O O O O O O 00£ £ 0 o J 0 sent rates up several points. On Dec. 31 the rupee was a a a a a cocococococo Ca a C O O S a a a a a 00 00 00 00 00 00 00 o 00 00 o ? b 4 4 4 CC OO " 4 4 4 4 *- H 2 “ H ^ 4 4 4 4 4 quoted at 36% @36% , against 36@36 3-16 Dec. 1. Towards XX " “ ’ “ •“ KK the close of the month the Imperial Bank of India raised a m h p h h m h h q o o h h o RATES OF EXCH AN GE ON OTH ER CENTRES. Dee C a n ada Dollars 1 .. 2 .. 3 .. 4. _ 5 .. 6-7— 8-9 -. 1 0 .. 1 1 .. 1 2 .. 1 3 .. 1 4 .. 15-16-1 7 .. 18— 1 9 .. 2 0 .. 21 -. 2 2 .. 2 3 .. 2 4 .. 2526- 2 7 .. 2 8 .. 2 9 .. 30— 31-. Checks u 64% prem. *64% prem. h i% prem. *64% prem. *3j% *i6% 33»% 764% prem. disc. disc. disc. h e % disc. *u% disc. 664% *32% 764% %% 764% 764% disc. disc. disc. disc. disc. disc. *64% 1u % 7i6% *16 % s3s% disc. disc. disc. disc. disc. C zech o slovak ia Kronen B u ch a re st Leu e P o lis h Zloty H u n g a ry S erbia Checks Checks Checks .0014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% 1.014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% .0014% Checks Checks 2.96% .52% 11.60 2.96% .52% 11.50 2.96% .53% 11.50 2.96% .53% @.53% 11.50 2.96% .52% 11.50 2.96% .51% 11.50 2.96% .50% 11.50 2.96% .50 11.50 2.96% .50 11.50 2.96% .50% 11.50 2.96% .51% 11.50 2.96% .51% 11.50 2.96% .52 11.50 2.96% .52 11.50 2.96% .51% 11.50 2.96% •51% 11.50 2.96% .52% 11.50 2.96% .52% @.54 11.50 2.96% .53% @.54% 11.50 2.96% .53% 11.50 2.96 @2.96% .53% 11.25@12.00 2.96% .53 2.96% .52% @.53 2.96% .52% 2.96% .53 2.96% .53 Colom Ecua Vene a Bolivia bia dor Uruguay zuela Peso Bolivar Q Boliviano D ollars Sucre 364 % 1x6% *64% 764% *64% Checks 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 It 26 21 22 23 24 25 26 27 28 29 30 31 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% disc. disc. disc. disc. disc. Checks 97.32 97.32 97.32 97.32 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 97.44 33% 97.44 33% 98.28 33% 98.28 33% 98.28 33% 98.28 * Cents ot U . to 1,800,000 marks Checks 185i« 18h« 18*16 18*16 18*16 __ 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 18*16 Checks 100.00al00.15 100.10all0.45 100.10all0.45 100.13al00.8C 100.50al00.85 100.50 100.50al00.85 100.111a00.76 100.111a00.25 100.25al01.36 100.76al01.60 100.76al01.88 100.76al02.12 102.04al02.39 102.60al03.44 102.04al02.60 102.04al02.50 102.25al02.60 102.12al03.42 102.12al02.91 102.12al03.44 Checks 11.50 11.50 11.50 11.50 11.50 *Chile .0014% .0014% .0014% .0014% .0014% Peru Peso x Libra Checks Checks d R u ssian Cher- d B u l vonetz. garia. F in n ish Mark ka. Checks Checks Checks A r g e n tin a Peso. Checks B razil M ilreis. Cables Checks 40.75 .73 2.52% 40.70 5.15 1.76 % 12.30al2.40 40.75 .73 2.52% 40.70 5.15 12.40 1.76% 40.75 .73 2.52% 40.70 5.15 12.20 1.76% 40..87 .73 2.52% 40.82 12.10 1.76% — SUNDAY 40.87 .73 2.52% 40.82 5.15 1.76% 11.95al2.00 .73 2.52% 40.85 40.90 5.15 1.76% 11.95 40.90 5.15 .73 2.52% 40.85 1.76% ll.8 5 a ll.9 5 40.94 5.15 .73 2.52% 40.89 ll.7 0 a ll.8 9 1.76% 40.94 .73 2.52% 40.89 5.15 ll.4 0 a ll.5 5 1.76% 40.94 1.76% 5.15 .73 2.52% 40.89 11.75 SUNDAY 5.15 .73 2.52% 40.93a40.95 40.98a41.00 ll.6 0 a ll.8 9 1.76% 5.15 .73 2.52% 40.95a40.97 41.00o41.02 ll.8 9 a ll.9 5 1.76% 41.02 5.15 .73 2.52% 40.97 1.76% ll.7 0 a ll.8 3 .73 2.52% 41.12a41.20 41.17a41.25 11.95 1.76% 5.15 41.36 1.76% .73 2.52% 41.31 11.95 5.15 41.29 1.76% .73 2.52% 41.24 5.15 ll.8 5 a ll.9 5 SUNDAY 41.27 1.76% 5.15 .73 2.52% 41.22 11.85oll.90 41.25 11.85 1.76% 5.15 .73 2.52% 41.20 41.40 11.85 1.76% .73 2.52% 41.35 5.15 41.44 11.80 1.76% 5.15 .73 2.52% 41.39 41.40 41.45 11.78 1.76% 5.15 .72a.75 2.52 HOLIDAY SUNDAY 5.15 .73 2.52% 41.37a41.38 41.42 1.76% ll.8 0 a ll.8 9 41.48 1.76% .73 2.52% 41.43 11.85 5.15 1.76% .73 2.52% 41.36a41.41 41.41a41.46 5.15 11.85 1.76% .73 2.52% 41.31 41.36 11.85 5.15 1.76% .73 2.52% 41.35 41.40 11.80 5.15 Hong Shang Yoko y P ortu Singa hama Manila gal Kong Bombay hai pore Cables 12.35al2.45 12.45 12.25 12.15 12.00al2.05 12.00 11.90al2.00 ll.7 5 a ll.9 4 ll.4 5 a ll.6 0 11.80 i ll.6 5 a ll.9 4 11.94al2.00 ll.7 5 a ll.8 8 12.00 12.00 11.90al2.00 ll.9 0 a ll.9 5 11.90 11.90 11.85 11.83 M i ll.8 5 a ll.9 4 11.90 11.90 11.90 11.85 Java Escudo Dollars Tael Yen Peso Dollars Rupees Guilders Checks Checks Checks Checks Checks Checks Checks Checks 5.17 48 a 48% 59% a 60 49.15a49.37 49.60a49.80 56 % a 56% 36 a 363ie 40% a 40% 5.17 47*i« a 48% 59% a 59% 49.15a49.37 49.60a49.75 56% a 56% 36 a 363ic 40% a 40% 5.17 471hea 48% 58% a 59% 49.15a49.37j49.60a49.75 56% a 56% 36 a 363i« 40% a 40% 5.17 477ie a 48 59 a 59% 49.15a49.37 49.60a49.75 56% a 56% 36 a 36*16 40% a 40% SUN DAY 5.17 47% o47iii6 58% a 59% 49.15a49.37 49,60a49.75 56 % a 56% 36 a 363i6 40% a 40% 5.18 471*160 48% 59% a 59% 49.15a49.37 49.60a49.7556% a 56% 36 a 363ie 40% a 40% 5.19 471*160 48% 59% a 59% 49.15a49.37 49.60a49.75 56% a 56% 36 a 36% 40% a 40% 5.17 47i*i6a 48% 59% a 59% 49.10a49.37j49.60a49.7556% a 56% 36 a 36% 40% a 40% 5.17 47i*i6a 48% 59% a 59% 49.10a49.37)49.60a49.7556% a 56% 36 a 36% 40% a 40% 5.17 48ii6 a 48% 59% a 59% 49 a49.25 49.60a49.75 56 % a 56 % 36 a 36% 40% a 40% SUN DAY • 5.16 48*16 a 48% 60% a 60% 49 a49.2549.60a49.75 56% a 56% 36 a 36% 40% a 40% 5.17 48% a 48% 59% a 60% 49 a49.12 49.60a49.7556% a 56% 36 a 36% 40% a 40% 5.15 48*h a 48% 59% a 59% 48.90a49.12 49.60a49.75 56% a 56% 36 a 36% 40% a 40% 5.17 48ii6 a 48% 59% a 59% 48.90a49.1249.60a49.7556% a 56% 36 a 36% 40% a 40% 5.17 48*16 a 48% 59% a 60 48.90a49.12 49.60a49.75 56% a 56% 36 a 36% 40% a 40% 5.17 48*16 a 48% 59% a 60 48.90a49.12,49.60a49.75 56% a 56% 36 a 36% 40% a 40% SUN DAY 5.17 48*16 a 48% 59% a 59% 48,90a49.1249.60a49.7556% a 56% 36 a 36% 40% a 40% 5.17 48*16 a 48% 59% a 59%i48.85a49.0049,60a49.7556% a 56% 36% a 36% 40% a 40% 5.17 48*16 a 48% 59*16 a 59% 48.85a49.0049.60a49.75 56% a 56% 36% a 367i6 40% a 40% 5.17 48*16 a 48% 59% a 59% 148.85a49.0049,60a49.75 56% a 56% 36% a 367i6 40% a 40% 5.17 48% a 48% 59% a 59% 48.85a49.06 49,60a49.75,56 % a 56% 36% a 367i6 40% a 40% HOLI DAY SUN DAY 18*16 102.00al03.44 19.06 12.00al2.12 3.58 a3.59 5.17 48% a 48% 59% a 59% 48.95a49.0049,60a49.7556% a 56% 36% a 36% 40% a 40% 18*16 102.04al02.39 19.06 11.95al2.12 3.57 a3.58 5.16 48*16 a 48% 59% a 59% 49.00a49.*ie 49.60a49.7556% a 56% 36% a 36% 40% a 40% 18*16 102.04al02.39 19.06 11.95al2.12)3.57 a3.58 5.16 48*16 a 48% 59% a 59% 49.00a 49*i649.60a49.7556% a 56% 36% a 36% 40% a 40% 18*16 102.04al02.39 19.06 11.95al2.12 3.57 a3.58 5.16 48% a 48% 59% a 59% 49.00a 49*i849.60a49.7556% a 56% 36% a 36% 40 y* a 40 % 18*16 102.04al02.39 19.06 12.05al2.1213.57 a3.58 5.15 48% a 48% 59% a 59% 49.00a 49*16 49.60a49.7556% a 56% 36% a 36%'40% a 40% S. money per Chilean peso, z American money per Peruvian pound, y Value of one Escudo in U .S . currency, d Nominal, e The zloty if equivalent 19.00 19.00 19.00 19.00 19.06 19.06 19.06 19.06 19.06 19.06 19.06 19.60 19.06 19.06 19.06 19.06 19.06 19.06 19.06 19.06 19.06 12.05al2.12 3.58%a3.61 12.05al2.10 3.58 a3.6C 12.05al2.10 3.58 a3.59 12.05al2.1C 3.57 12.03al2.1313.58 a3.59 3.58 a3.59 12.05al2.10!3.57 a3.58 12.05al2.13j3.58%a3.60 12.05al2.12j3.58 a3.6U 12.05al2.12 3.58 a3.60 12.03al2.12 3.57 a3.5S 12.00al2.12 3.56 % 12.00al2.12 3.56 a3.57 12.00al2.12 3.57 a3.58 12.00al2.12 3.57 a3.5S 12.00al2.12 3.60 12.00al2.12 3.55 a3.58 12.00al2.12:3.57 a3.58 12.00al2.123.57 a3.58 12.00al2.12 3.56 a3.57 12.00al2.12 3.57a 3.59 New York Stock Exchange M ONTHLY AND Y E A R L Y RECORD The following tables furnish a complete record of the New York Stock Exchange transactions for the past month and the year 1926 to date. They need no extended introduction, as they are self-explanatory. The tables embrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list. The black faced letters in the column headed “ Interest Period” indicate in each case the month when the bonds mature. In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds are at a price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. A few other bonds, like the Holland-American Line 6 s and the Anton Jurgens Works 6 s, for special reasons, are also quoted “ flat,” but where this is the case the notation “ fiat” will be found against the name of the ssue. This method of quoting bonds became effective January 2 1909. For footn otes to tables see last page of bonds and last page of stocks. BONDS— PRICES AND SALES FOR DECEMBER AND RANGE FOR THE YEAR TO DATE BONDS 8 . 7 . STOCK EXCHANGE. Sales in 1926. e«- (12 Mas.) Price Jan. 2 1926. C 8 G o v e rn m e n t J Bid. Ask. first Liberty Loan— First 3 ^ 8 - . . .................. 1932-1947 3 D 23, 222,000 99*°aiSale 405.000 991JsjSale R egistered______________________ J D 118.000 100 101**u First 4s............................. 1932-1947 3 D 121,000 R egistered______________________ J D firs t 4 M s . ...................... 1932-1947 J D 8 021,000 101243iSale R egistered______________________ 3 D 361.000 10115j«Sale 926,000: 101 103 First Second 4 M s..........1932-1947;J D R egistered______________________ J D 1,000, 5econd Liberty L oan— IOOGj 416,000' 100 Second 4s......................... 1927-1942IM N R eg istered ________________________|MN 175,000: Second 4 M s ................. .1927-1942 M N 40 327,000' 1001»3jSale 869,000j 10016sjSale R egistered ___________ ________ .i M N j Third L iberty L oan— Third 4 M s.............. ................... 1928 M 8 34 ,930,000 100263jSale 891.000 100**3tSale R eg istered ------------------------------------- M 3 fou rth Liberty Loan— Fourth 4 M s_____ ______1933-1938 A 0 58 ,777,000, ,554,0001 R eg istered _________________________A O 1 Treasury 4 M s .....................1947-1952 A O 11 ,135,000! 106lo3«Sale R eg istered ___________________________ A O 10 ,732,0001 Treasury 4s_____________ 1944-1964 J D 13 ,038,000! i022’ siSale R eg istered _______________________ D ---------------Treasury 3 M s ___________ 1946-1956;M S 11.536,000 S ta te a n d C ity S e cu ritie s I kaw Y ork C ity— 4 M's________ 1960 M 8 161,000 100M Sale i,o o o ; R egistered ______________________ IM S Sale 4Ms C orporate stock ______ ..1964 M 8 91.000 101 4Ms C orporate s tock ________ 1966 O 5,000 93.000 O 4Ms---------------------------------------- 1972 D 14,000! 4M& C orporate stock ________ 1971 J 51.000 4Ms C orporate s tock ________ 1967 1, 000; R egistered _____________________ J 4Ms C orporate stock ________ 1965 35.000 104M Sale , __________________________ D 4Ms C orporate stock ___________1963 MS 53.000 104M Sale i% C orporate stock __________1959IM Ni 97.000 R egistered ______________________ M N 4% C orporate stock _________ 1958 M N 17.000 &% C orporate stock _________ IS 5 7 M N 61.000 4s .1956 M N 23.000 R eg istered ______________ ____ M N 73.000 4 s __________ 7.000 .1955 M N Registered 44.000 M N 7.000 * s - - . --------- ------------------ N o v 1936 M N 4Ms C orporate s tock ________ 1957 M N 67.000 4Ma% C orporate s tock _______1957 M N 68.000 4 H % C orporate s tock ____ ..1 9 5 4 M N 71.000 3.000 t j M s . - - - ...................... . . N o v . 1954|M N C orporate stock ______ 1955IM N N Y State Canal 4e____________ 1961, J J 11.000 4s-------- --------1960 J J 5,000, 4 s -- „ 1962|____ 4 Ms C anal____________ .1964 J J H ighw ay Im provem ent 4 M s . 1963 M S T 660 6.000 F o r e ig n G o v t, a n d M u n icip a litie s ! Argentine G ov t public works 6s 1960'A O' 681,000 Argentine N ation (G ov ) 5-yr 7s 1927 F A 2.955.000 5 f 6s o f June 1925__________ 1959 J D 7.507.000 Kxtl s f g 6 s o f O ct 1925______1959: A O 7.329.000 Sinking fund gold 6s ser A . . . 19571M 8 5.051.000 External 6s ser B ___ . 1958 J B 5,368,000! E xt s f 6s o f M a y ’26 w i _____ 1960 M N! 3.980.000 Argentine (R ep ) 5s o f 1909____ 1945 M 8 1.712.000 Australia 5s o f 1 9 2 5 ..J u ly 15 1955 J J 9.482.000 Austrian G ov t 8 f 7s 1943! J d 3.512.000 Bavaria (Free State) 6M s _ 1945 F A 1.170.000 Belgium 25-year e x t s f 7 e g . .1945 J D 3.231.000 20-year sinking fund 8s_____ 1941 iF A* 2.445.000 25-year ext 6 M s ____ ______ 1 9 4 9 S 5,098,000, Externa] s f 6s_____ 1955, J J 10.155.000 External s f 7s_____________ 1955 J D 10.448.000 Stabilization loan 7s_____ 1950 M N 9.951.000 Bergen (N orw ay) s f 8 s ............. 1945 M Ni 764.000 25-year s f 6s________________ 19 4 9 A O 720.000 Berlin (Germ any) s f 6 M s ____ 1950 A O 7.411.000 Bogota (C ity) ext g 8 s . ...............1945 A O 1.807.000 Bolivia (R ep ublic of) s f 8s____ 1947 M N 3.933.000 Bordeaux (C ity of) 15-year 6 s . . 1934 M N 3.485.000 Brazil (TJ 8 of) external 8s_____ 1941 J D 4.545.000 E xt s f g 6 Ms--------------------------1957 A O 2.760.000 C ent R y 30-year g 7s______ 1952 3 D 6.446.000 Sink fd 7M s (coffee s e c ) .1952 flat A O 1.676.000 Bremen ext g 7s trust rects ] 935 M S 3.511.000 Unenos Aires extl 1955'J J 1.727.000 39,000 Bulgaria (K ingdom of) s f g 7 s. . 1967 J J Canada, D om inion or, 6a. i9 3 l A O 860.000 10-year gold 5 M s . . . ____ 1929 F A 3.070.000 80-year gold 5s______________ 1952 M N 4.252.000 ^,4 M s. -----------------------------19 3 6 F A 1.766.000 Carlsbad (C ity ) 8s_____ . . . 1954 J J 462.000 Chile R epublic exter s f 8s____ 1941 F A 2.095.000 20-year external s f 7s______ 1942 M N 2.611.000 25-year ext) s f 8s g o ld ______ 1946 M N 1.876.000 External sinking fund 6s____ 1960 A O 1.066.000 Chile M tge Bank ofJune 30 61481957 J D 3.032.000 967.000 Sinking fund gold 6 Ms g u a r . 1961 J D Chinese. Hukuang R y 5s______ 1951 J D 1.523.000 748.000 Christiania (C ity) (Oslo) 30-yr 6s '54 M 8 C ologne (Germ any) 6 M s______ 1950 M S 1.336.000 C olom bia (R ep ) extl K ^ s _____ 1927|A O 904.000 D ep t o f AnCoquia 7s A _____ 1945 J J 403.000 275.000 External s f 7s ser B ______ 1945 J J Copenhagen 25-year s f 5 M s___1944iJ J 2.045.000 C ordoba (Prov) Argen 7s_____ 1942'J J 783.000 Cuba R ep o f 5s o f 1904______ 1944 M S 359.000 238.000 5s ext d ebt Ser A o f 1914____ 1949 F A 4M s externa] loa n ___________ 1949 F A 541.000 30-year s f 5 M s ______________1953 J J 2.469.000 C zechoslovak (R ep o f) 8 s ____ 1951, A O 2.069.000 Sink fd 8s ser B ______________ 1952 A O 2.052.000 External s f 7M s Ser A ______ 1945 A O 5.879.000 Danish Cons M u n ic s f 8s A ___ 1946 F A 1.609.000 Series B sink fd *ls__________ 1646 F * 923.000 101 Vs 96 M 96 M 96 Vs 96 % Sale Sale Sale Sale Sale 87” Safe* 96 M Sale 100 % Sale 110 107M 93 86 95 M Sale Sale Sale Sale Sale 113 M 98 M 87 96 Vs 96 H 82 M 102 113M 99 M 87 M 97 M Sale Sale Sale 90 107 M 98 M 94 M Sale Sale Sale Sale 102 Sale 102 103 103 108 ^ 100 K 107H 94% 45% 99*^ 100 — 98 % 96 M 100 97 M 88 H 100 M lOOM 100M 96 M 110 M Sale Sale PRICES I N DE C EM BE R . Dec. 1. Bid. Ask Bid A sk . RAN G E SIN CE J A N . 1. Highest. D ec. 31. Sale Prices Salt Prices. 992*3iJan. | 99l,3>Jan. 99313jApr. 9910n Apr. 1012,j»Jan. 1011‘sjJan. IOH 31 Jan. 100‘«3iMay 9931u J an . 10 100le32Dec. 9923u J an . 29 100 D ec. 100l3siO ct. 1 101332 D ec. 10Jlln O ct. 1.101 D ec. 2 101*8siD ec. ,31 1002*3iJan. 9 101**3iDec. 31 10 0 22u A ug. 2 10318 3jD ec. 31 1012,3iJan. 2 1031232Dec. 31 10120iiJan . 24 110*32 D ec. 31 106*31 Jan. Jan. 20 1092<32Dec. 10 107 2 lO0**siDec. 21 10228nJan. 10423i June 2,103*32 D ec. 31 10012nM ar. 100123jSale 101 63j Sale 100123»Dec. 1 1012532Dec. 1001332Dec. 8 1002»32Dec. 100*3» Sale 4 100 2832Dec. Dec. 100 10 0 223 1001832_____ 100 ( ___________ • 100 Dec. 29 100 D ec. Sale 102**3,Dec. 2 10 3 232 D ec. 1022032Sale 103 ..................... : 10 2 2132Dec. 15 10 2 2332Dec. 9 1021032Dec. 1 6 2 1 0 3 *III I 102**31_____ ;102**3lDeC. 100 100i®32 100S32lOOioS IOO832 D ec. 2 100 D ec. 10123 Sale 1002i 32D ec. 2 1002°32Sale 101 Sale 10 0 2»3iD ec. 10 0 **3iSale 101ii82Sale 101*32 Dec. 101*32 Dec. 103**3 iSale 103i2s2Saie 10 9 2232Sale • 1 10*32 Sale 10673i Sale 1022»32Dec. 1022*3iDec. 109»732Dec. 1092232Dec. 10518siD ec. i 6 2 *7aiSafe~~ 103 *3 Sale 2 10 2 i 832D ec. 101 *32 Sale IOIL 2 Sale 101i»32Sale 1033si Sale I05**3iSalV~ Jan. M a r. Jan. Jan. Jan. Jan. M a r. F eb . Jan. Jan. Feb. M a r. A p r. M ar. M ar. July A pr. Jan. M a r. M ar. M a r. Jan. M a r. Jan. Jan. A u g. 101M A pr. Apr. 102 D e c. 6 111 100M 100M 100M 100M 100M D ec. 16 100M D e c. 16 100 100 101 Vs____102 M _____ 102 D e c. 3 102M D e c. 13 100 M 10 1 % 10 2 10 2 M _____ I00M 100 H 1 0 1 M 102 M 1 0 2 M -------105M 106M 106M 106 M _____ 104 % 106M Sale 1IO6 M 106M 105 _____ 106M 106M 106M 106M D ec. 8 106 M D ec. 8 104M 105M 106M T 06 106M 105% D ec. 9 106M D e c. 20 104M D e c. 29 97 M 98 M Sale 98 M 99 M 9 8 M D ec. 13 99 97 M 98 M 98 Vs 98 M 97 M 98M 98 M 98 M 99 M 98% D ec. 3 9 8 M D ec. 17 97 % 98M D ec. 2, 98M D e c. 2 97 M 9 8 M D ec. 16 9 8 M D e c. 16 97 M 97 M 98M D ec. 16^ 98M D e c . 16 97 M 98 105 Vs D ec. 9 106 D e c. 8 104 M 105M 106M 105 M 106 105 % 106 105 % 106 105Vs D ec. 9 106 D ec. 13 104 M 87 M 89 _____ 89 M -----89 89 Ys 89 M 90 88 M 88 M 96 M -------101 % 102 M . . . __________ 111 98 100 M 98 98 98 M 98 98 88 H 96 M 101M 97 110 M 107 % 95 M SOM 99 M 99 M 112 99 M 96 % 102M 103 M 92 M 103 M 88 M 94 M 104 M 101 M 100 M 101 101 % 104 M 97 % 103 V 102 % i. 108 M Sale Sale 100 M 109 107 M 93 M 94 % 96 97 % 46 25% 100 96 % 100 H 100M — 93 M 93 Sale 99 M 97 98 Sale 101 98 M 100 M 89 % 94 Sale 102M 101 M 104 M 101 104M Sale 104 M Sale 111 MOM Sale 100M Sale Sale Sale Sale Sale 90 Sale Sale Sale Sale Sale Sale Sale Sale Sale 112M Sale Sale Sale Sale Sale Sale Sale Sale 105 Sale Sale Sale Sale Sale Sale 104 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 97 M Sale Sale Sale Sale Sale Sale 90 M Sale Sale Sale Sale Sale Sale Sale Sale Sale 112M 100M Sale Sale Sale Sale Sale Sale Sale 106 102 M Sale 99 M Sale Sale 92 101 Sale 101 % 101 M 104% Sale 98 M Sale 103 104 108M Sale 100 M Sale Sale 108 92 M Sale 96 Sale 97 M Sale 25 M Sale Sale 101 97 % Sale 100 M Sale 94 M Sale 94 M Sale 99 M Sale 97 % Sale 101 Sale 101 M 93 M 102 M 101 h Sale Sale Sale Sale 9 7 M D ec. 100 D ec. 9 7 % D ec. 97 H D ec. 9 7 M D ec. 97 H D ec. 9 7 M D ec. 89 D ec. 9 6 M D ec. 100 M D ec. 9 6 M D ec. 110M D ec. 107 % D ec. 95 M D ec. 90 M D ec. 99 M D ec. 99M D ec. 112 D ec. 98 D ec. 96 M D ec 102M D ec. 103 D ec. 92 M D ec. 103M D ec. 87 M D ec. 94 D ec. 104 M D ec. 101 M D ec. 99 D ec. 92 D ec. 101 D ec. 101 % D ec. 104 M D ec. 97 % D ec. 103 M D ec. 107 M D ec. 100M D ec. 107M D ec. 92 M Dec. 95 H D ec. 9 7 M D ec. 23 M D ec. 100 D ec. 96 D ec. 100 D ec. 9 3 M D ec. 93 D ec. 9 8 M D ec. 9 7 M D ec. D ec. 101M 101 101 M D ec. '§ 4 ” 94 D ec. 101 M 101M D ec. Sale 104M D ec. Sale 104 M D ec. Sale 104 M D ec. 110 109 M D ec. loots, r>e- 100 M Sale 98 M 98 9 8 14 98 98 89 M 97 M 101M 98 M 111 108 96 M 92 % 102 M 102 112M 99 M 98 M 103 M 105 93 M 104 M 89 M 95 H 104 M 105 M 105 104 % 109 M D ec. 6 111 D ec. 23 98% D ec. 20 100 M D ec. 24 98 M D ec. 18 9 8 M D ec. 27 99 D ec. 28 98 M D ec. 27 9 8 M D ec. 9 89 % D ec. 1 9 7 % D ec. 8 101 M D ec. 1 99 D ec. 29 H I M D ec. 1 108M Dec. 1 97 M D ec. 2 92 M D ec. 1 102 M D ec. 1 102 D ec. 4 112M D ec. 14 100M D ec. . 1 98 M D ec. 3 104 D ec. 1 105M D ec. 1 9 3 M D ec. 1 105 D ec. 3 8 9 M D ec. 2 96 D ec. 4 105 M D ec. 1 102% D ec. 27 100 % D ec. 29 92 M D ec. 1 101M D ec. 1 101 M D ec. 2 105 D ec. 1 98 M D ec. 21 104 D ec. 6 108M D ec. 7 101 D ec. 11 108M D ec. 28 93 % D ec. 2 9 6 M D ec. 2 98 D ec. 7 2 7 M D ec. 16 101 M D ec. 22 98 M D ec. 17 100M D ec. 4 95 D ec. 1 95 M D ec. 23 9 9 M D ec. 20 98 D ec. 2 101 M D ec. 4 101 % D ec. 1 9 4 14 D ec. 23 102 M D ec. 1 105M D ec. 2 105M D ec. 1 105 D ec. 28 111M D ec. 27 110M De~ Highest. Lowest. | Sale Prices S a le P r ic e s 4 2 12 12 15 2 20 14 11 20 1 1 4 26 4 25 2 25 2 29 26 l 0 l 2,uJune 21 101lonJune 18 iMar. 16 10012nJune 26 103*31 D ec. 31 102*3n D ec. 7 lO J^nJune 1 1002*iiM ay 14 10 0 27nJuly 6 100‘n June 28 101‘n D ec. 29 101 D ec. 31 lO D LiJune 28 102*i» M ar. 6 103183iD ec. 31 103l2n D ec. 31 11083i D ec. 31 109**siDec. 10 106u siD ec. 21 104*31 June 29 103*31 D ec. 31 1 0 1 153 H 101 Jan. 23 13 100 H M ar. 13 6 102 M June 24 9 13 10 4 2 2 1 30 3 12 2 17 3 5 2 5 10 13 22 21 19 30 29 26 6 102 Vs July Sept. Oct. June Feb. July June July Oct. Aug. June Oct. Dec. Oct. Dec. Apr. M ay Dec. 89 M July 89 M Oct. Apr. 89 102 M Oct. 102M Ang. 102 May I IOK On. Dec. III 102 106M 106 % 105 106 % 106M 99 98 M 99 99 98 % 98 M 97 M 98 M 99 106 106 8 17 5 22 4 15 26 13 4 28 25 4 16 13 16 1 3 13 21 13 6 2 30 28 1* 6 98 H O ct. 22 97 M D ec. 4 102 M Jan. D ec. 96 Jau. 99 M July 9 July 15 100 95 M Jau. 101 July 7 96 M Jar 99 July 9 95 H Jau 97 % O ct. 99 M July 20 M ar. 85 93 M A ug. 30 96 M Jau. 99 M July 30 103 July 12 too M ar. 99 D ec. 9 94 M Sept. M ar. H I M D ec. 13 105 108M F eb. 10 105M M ar. M ar. 88 97 M D ec. 31 81 M M ar. 92 M D ec. 31 91 % July 102M D ec. 31 102 D e c . 31 f t 4 <>ct. Jan. 22 115 H IM N ov. Feb. 9 102M N o v . 18 9A 85 M M ar. 98 M D ec. 10 July 28 104 96 M Jan. 96 M Jan. 105M D e c. 20 93 i i D e c . 17 81 M M ar. June 7 100M M ar. 30 105 90 A ug. 26 N ov. 88 96 M June 22 89 M Jan. Sept. 23 103 % Apr. . 108 92 M Mar. 30 102 % N o v . 5 t> n Mil M Vlay 18 09 D ec. .. 92 M D ec. 23 7 106 M June 8 lu oM Get. .. 101 M Sept. 18 03 . . Jan. 25 102 Sept. 28 105M June 9 June 22 97 M N o v . 16 99 N ov. 9 101 M Apr. 26 105 107 M June 18 109 H Feb. 6 102 M Feb. 9 M ar. 100 Apr. 107 109M A ug. 5 5 D ec. 93 M N o v . 30 94 ’4 Jan. 98 M Apr. 99 M A ug. 28 96 % N ov. 23 M D ec. . 48 H F eb. 20 M ar. 30 102 M M a y 7 99 A ug. 4 98 M D ec. 10 O ct. 2 99 »M M ar. 10 101 N ov. 93 95 D ec. 14 92 M N ov. . 95 M D ec. 15 Jan. 16 98 M M ar. 3 101 95 M Jau. 18 99 M July 24 M a y 14 102 June 24 98 A pr. 7 102 M A ug. 30 98 88 M Jan. 6 101M A ug. 17 Feb. 15 100 M Sept. 1 103 99 M M ar. 31 105M F eb . 4 99 M M ar. 30 105M D e c. 9 95 M Jan. 2 105 D ec. 11 108 M June 7 112 M July 13 1 ee \ Tune 7ll12 < 'an fi 100 29 92 M 91 Ja n . 1927.] , BONDS—STOrTC EX HFTANOE RECORD Sales in P rice Jan. 2 I! 1926. 1926. >5a. .12 M a s.) Bid. A sk F o reig n G o v e rn m en t (C o n clu d e d ) ) »enmark 20-yr extl gold 6s . 1942 J J 2.316.000 102 % Sale D ept of C aldas (Colombia) 7 %sl 946 J J 685.000 101% Sale 177.000 Dom inican Republic sink fd 5 b .1955 F A 2.108.000 C ustom adm lnlstr 5 % s_____ 1942 M & 1.625.000 93 93 % Dresden (City) ext 7s_________ 1946 M N 2.771.000 104% Sale D utch E ast Ind 25-year ext 6 s. 1947 J J 3.234.000 104 % Sale 40-year extl sink fd gold 6 s. .1962 M S Sale 30-year extl g 5 % s____M ar 1963 M S 1.525.000 102 % Sale 30-year extl gold 5 % S -.N ov 1953;M N 1.073.000 102 El Salvador (Rep) 8s . . 1948; J J 826.000 10554 107 Finland (Rep of) exter 6s_____1946 M S 1.645.000 88 Sale E xternal sinking fund 1950 V S 3.587.000 95% Sale E xternal sinking fund 6 M s.-1966 M S 805.000 90% Finnish m uu lu n n f'H s 1 - — 1964 A O 1.700.000 ’ 90 % Sale’ Sale Extl 6% s Ser B . . ___ — 1954'A 0 1.046.000 Blench Repub 25-year ext 8s__1945 M S 11.891.000 101 Sale 20-year external loan 7 % s___ 1941 J D 13.399.000 97 % Sale E xternal 7s of 1924 1949 J D 29.190.000 88 % Sale G erm an R epublic 7s------------- 1949 A O 17.884.000 ] 01 Vs Sale G erm an C ent Aerie B ank 7s___I960 M S 8.578.000 94 % Sale Graz (M unicipality) 8s------------1954 M W 1.134.000 G rt B rit & Ire ., 20-year 5148-1937 F A 6.453.000 10414 Sale' 4.000 R eg istered _______________ - F A !O-year conv 5 % s-----------------1929 F A 2.411.000 117% Sale G reater Prague (C ity) 7 34s-------1952 M N 2.076.000 94 Sale Greek G ovt s f sec 7s__________ 1964 M N 1.606.000 85% 86% H aiti (Rep of) O ust s f 6 s ------1952 A O 2.041.000 9554 Sale Heidelberg (City) extl s f 734s— 1950 J J 534.000 4.545.000 Hungarian M un Loan 7 !4 s ------ 1945 J 3.687.000 9654 Sale Hungary (K ing o f) 8 f 7 % s — 1944 F 4.748.000 100 Sale Indus Bk o f Japan 6 % notes— 1927 F 35.112.000 94% Sale Italy (K ingdom ) external 7 s __1951 J 7.658.000 94% 94% Japanese G ov t sterling In 4s— 1931 «T 14.296.000 92% Sale Ext s f 634s............... 1954 F 3.849.000 85 Sale Oriental D evelopm ent 6s____ 1953 M 1.617.000 Leipzig (C ity) ext’l s f g 7s------ 1947 F Sale Liyons (C ity of) 15-year Hs____ 1934 M N 2.986.000 83 Marseilles (C ity ) 15-yr 6s-------- 1934 M N 2.746.000 82 54 Sale 7.000 Mexican Irrig 4 % s ---------------------1943 ---753.000 32% Sale Assenting s f 434s------------------- 1943 ---33.000 45 70 Mexico (U S) extl 5s o f 1 89 9 B --19 4 5 Q J 2.352.000 42% Sale Assenting 5s " f 1809_________ 1945 2.000 Assenting 5s large-------------------------Q J 700.000 27% 27% Gold debt 4s o f 1 004 ---------- 1954IJ IJ 1.613.000 27% Sale Assenting 4s o f 1Q04 ------------1 31.000 Assenting 4s o f 1904 large------------ J D Assenting 4s of 191Uia ig i------------1 ------- 2.429.000 32% Sale Assenting 4s o f l9 l0 sm all---------- !------- 4.141.000 28% Sale 657.000 46% Sale Treas 6s o f 1913 assent (large) '33 J J 1.014.000 45% Sale Small___________________________ L — Sale M ontevideo s f g 7s------------------1952 J D 1.928.000 96 Netherlands s f 6s Flat-------------- 1972 W s 1.064.000 108% Sale 30-yr ext s f 6s ------------ 1954 A O 3.404.000 104% Sale Norway 20 yr extl s f 6s______ 1943 F A 2.113.000 100% Sale 20-yr extl s f 6 s ____________ 1944 F A 3.377.000 100% Sale 30-yr extl s f 6s_____________ 1952 A O 1.850.000 101% Sale 40-year extl s f 534 s _________ 1965 J D 6.725.000 95% Sale 960.000 93 % Sale Oslo (C ity) 30-yr s f 6s________ 1955 M N 15.000 Sinking fund gold 534s---------- 1946 F A 522.000 100 100% Panama (R epj extl 5 % s ---------- 1953 J D Peru (R ep) extl 8 s -------------------1944 A O 1.270.000 102% Sale External 7 34s---------------------- 1940 M N 3.442.000 98% Sale Poland (R ep of) g 6 s------------------1940 A O 1.993.000 67% 68% External s f 8 s --------------------- 1950 J J 10.896.000 88% Sale 845.000 99% Sale Porto Alegre (C ity o f) 8s-----------1961 J D Queensland State ext s f 7s------ 1941 A O 1.290.000 111 % Sale 928.000 98% Sale 25-year extl 6 s _______________ 1947 F A Rio Grande D o Sul extl 8s------ 1946 A 0| 2.436.000 98% 99 Rio de Janeiro 25-yr s f 8s-------- 1946 A O; 1.291.000 97% Sale 25-year extl s f 8s___________ 1947 A Ol 1.608.000 97% Sale 769.000 104 Sale Rotterdam (C ity) ext 6s---------- 1964 M N ' 586.000 101 Sale 9an Paulo (C ity) s f 8s------------ 1952 M N Sale San Paulo (State) ext s f 8 s .-.1 9 3 6 J J 1.323.000 103 External s f 8s_______________ 1950 J J 2.233.000 102% Sale E xt 7s water loan w i ______ 1956 M S 1.559.000 Santa Fe P rov (Arg R ep) 7s— 1942 M S 1.864.000 86% Seine Dept (France) 2b-yr 7 s ..l9 4 2 J J 4.541.000 86 Serbs. Croats & Slovenes 8s— 1962 M N 5.572.000 91 % Sale 83 Solssons (C ity) extl 15-yr g 6 s ..l9 3 6 M N 1.496.000 82 Sweden (K ingd) 20-yr 6s----------1939 J D 1.425.000 104% Sale E xtl g 534s _______ ________ 1954 M N 2.499.000 101 % Sale Swiss C onfederation 8 f 8s-------- 1940 J J 1.336.000 116% Sale Switzerland (G ovt) ext 5 34s— 1946 A O 2.220.000 103% Sale Tokyo C ity loan o f 1912 5s------ 1952 M S 1.157.000 66% 67% 620.000 98% 99% Trondhjem (C ity) ext 634s — 1944 J J Upper Austria (Prov) extl 7 s ..l 9 4 5 J D 1.282.000 Sale Uruguay (R ep) external 8s------ 1946 F A 1.033.000 i io Ext s f 6s w 1 _____ ______ 1060 M N 4.268.000 ___ ___ Yokoham a (C ity) ext 6s______ 1961 J D 1.324.000 R a ilro a d i 52.000 101% 102 Ala G t Sou 1st cons 5s A ______ 1943 J p 14.000 100% 101% Ala M idland 1st gu g 5s_______ 1928 M N 95.000 84 84% Alb & 8usq con v 3 H s _________1946 A O 25.000 83 84 Allegh & W est 1st g gu 4s-------- 1998 A O 115.000 92% 93% Alleg Valley gen gu g 4s------------1942 M S 599.000 75 % 76% Ann Arbor 1st g 4s_______ July 1995 Q J Sale Atch T op & S F gen g 4s---------- 1995 A O 5.407.000 90 255.000 R egistered___________________1995 A 0 318.000 85% Sale Adjustment g 4s_______ July 1995 N o t 14.000 81% 83% R egistered ___________________N ot 832.000 §5% 85% Stam ped_____________ July 1995 M N 6.000 R eg istered ___________________ M N 83.000 85% C onv g 4s o f 1909------------------ 1955 J D 269.000 C onv g 4s o f 1905------------------ 1955 J D 55.000 83% 83% C onv g 4s o f 1910------------------1960 » D 352.000 98% East Okla div 1st g 4 s . .......... 1928 M S 149.000 86% 87 R ocky M t d lv 1st 4s A --------1965 J J 264.000 88 88% Trans-C ont Ihort Line 1st 4s gl9 5 8 J J 142.000 94% Gal-Ariz 1st & ref 4 34s---------1962 M S 88.000 102% Atl K nox & N o 1st g 5s---------- 1946 J D 166.000 96% 98% Atl & Char A L 1st 434s A ------ 1944 J J 280,000 102 Sale 1st 30-vear 5s ser B 1944 J J 3.000 84% A tlantic C ity 1st con guar g 4s_1951 J J 92% Atl Coast L 1st cons 4s____ July 1952 M S 1.043.000 yz 654.000 106% Sale 10-year secured 7s---------------- 1930 M N 456.000 94% 95% General unified 4 % s _________ 1964 J D L & N collat gold 4s-------- O ct 1952 M N 1.404.000 94% 94% 764.000 77% 78 Atl& D anville 1st g 4s-------------- 1948 J i 553.000 66% 68% Second 4s-------------------------------1948 J J 263.000 75% 77 Atl & Yadkin 1st gu g 4s-----------1949 A O Austin & N W 1st g 5s-------------- 1941 J J 282.000 99% 101 Sale Salt & Ohio 1st g 4s_____ July 1948 A O 3.041.000 90 176.000 87% 88% R egistered------------------------------ - Q 8.897.000 94 Sale C onvert 4 34s ------------------------- 1933 M 5.000 Registered___________________M Sale 7.697.000 I 93% Sale Refund & gen 5s ser A ---------- 1995 J 5.554.000 104 1st gold 5s------------------- • -------- 1948;A 3.894.000 ;10.3 Sale 10-year 6s____________________ 1929 J R ef and gen 6s, series C ------1995 J 5.208.000 104% Sale P L F, & W Va Sys ref g 4S..1941 M N 1.882.000 89% Sale Sale Southw D iv 1st 5 s ----------------1950 J J 7.547.000 ! 98 Tol Cln D iv 1st & ref 4s------ 1959 J J 1.900.000 74% Sale R efunding 5s series D ---------- 2000, M S 2.654.000 j ________ 16,000 60% 62 Battle Creek & Sturgis gu 3 s . .1989 J D 27,000 92% 94% Beech Creek 1st gu 4s--------------1936jJ J 95 2.000 93 Registered -------- ------------------ - „ hj J 97% 99% 2d guaranteed 5s ---------------- 1 9 3 6 0 J 29,000 77% Beech Creek ext 1st g 314s------ 1951 A O 364.000 89% Big Sandy R y 1st 4s------------— 1944 J D Boston & N Y Air 1 ine 1st 4 s. .1955 F A 257.000 74 74% Brunsw & W estern 1st gu a 4s '38 J J 8,000 92% 94 BONDS N. Y . S T O C K EXCHANGES. 1 P R IC E S I N D ec . 1. D ec 31. R A N G E S IN C E J A N . 1 DECEM BER L o w est. 13 H ig h e s t. L ow est. Highest. 1 S a le P r i c e s . I S a le P r i c e s . 103% Sale 104% Sale 103% D ec. 24 104% D ec. 11 102 M ar. 30 10454 June 25 98 Sale 98 Sale 98 D ec. 1 98% Dec. 10, 95% S ept. 13 99 N ov. 10 101 % Jan . 2 105% A ug. 28 102% 101 % 97% Sale 99% Sale 97% D ec. 1 100 Dec. 21 93% Jan . 4 100 D ec. 21 99% Sale 100% Sale 99% Dec. 11101% Dec. 171 92% M ay 17 101% D ec. 17 103% 104 103% Sale 103 D ec. 20 103% Dec. 6 102 N ov. 30 106% Ju ne 22 103% Sale 103% Sale 103% Dec. 22:103% Dec. 8 103 N ov. 27 106% June 22 102 Sale 102 Sale 101% Dec. 22 103% Dec. 4 10H M ar. 4 104% Ju ne 24 101% Sale 101% Sale 101% D ec. 18 101% Dec. 7( 1015 N ov. 26 105% Sept. 27 106% 107% 107% 108 107 Dec. 3 108 Dec. 6 103 M ar. 3 109% Sept. 13 91% Sale 92% Sale 91 % Dec. 3 93 Dec. 10 84% A pr. 1 93 D ec. 10 99% Sale 100% Sale 99% Dec. 28 101 Dec. 171 94% M ar. 31 101 D ec. 17 95 Sale 97% Sale 94% Dec. 4 97 Dec. 9 94 N ov. 11 97 D ec. 9 95 Sa’e 95% Sale 94% D ec. 3 96% Dec. 15 89% M ay 24 96% D ec. 15 95 Sale 97% Sale 94% Dec. 8 96% Dec. 11 89% M ar. 30 96% D ec. 11 106% Sale 108% Sale 106% D ec. 1 108% Dec. 30 98% M ar. 31 108% D ec. 30 101% Sale 104% Sale 101% D ec. 3 105% Dec. 30 92% M ar. 30 105% D ec. 30 96% Sale 99% Sale 96% Dec. 1100 Dec. 31 86% M ar. 31 100 D ec. 31 105% Sale 106% Sale 105% Dec. 1 107% Dec. 9' 101% Jan . 9 107% D ec. 9 99% Sale 101% Sale 99% D ec. 1 101 % Dec. 16 94 Jan . 5 101% D ec. 16 100% Sale 101% 102 100 D ec. 6 102% Dec. 211 96% June 2 102% D ec. 21 104% 105 104% Sale 104% D ec. 2 105 D ec. 6! 103% M ay 4 106% Jan . 29 104% N ov. 13 105% Feb. 10 U S Sale 11854 Sale 117% D ec. 21 118% D ec. 31 117% M ay 3 119 F eb. 18 103% Sale 104% Sale 103 D ec. 3 104% D ec. 4 92% M ar. 30 104% D ec. 4 90% 91 93% 94% 89% D ec. 4 95 Dec. 24 84 M ar. 311 95 D ec. 24 98% Sale 99 99% 98% Dec. 1 99% Dec. 24 95% Jan . 2\ 99% Sept. 25 103% Sale 103 104 102% D ec. 8 103% Dec. 14 96% M ay 21! 104% N ov. 22 96% Sale 97% Sale 96% D ec. 1 97% Dec. 31 84% M ar. 311100 A ug. 10 100% Sa e 100% Sale 100 Dec. 6 101 Dec. 10 93% M ar. 31102 June 28 100% Sale 100 100% 99% D ec. 27 100% D ec. 21 99% N ov. 4 100% Jan . 26 94% 92 Sale 92% Sale 91% D ec. 1 93% D ec. 17 88% July 90% Sale 90% Sale 90 D ec. 10 90% Dec. 1 83% Jan. 4 90 V; N ov. 15 99% Saie 100 Sale 99% D ec. 1 100% Dec. 13 92% Jan . 2 100V N ov. 16 93% Sale 94% Sale 93% Dec. 7 95 Dec. 20 85 Jan . 2 95 D ec. 20 100 Sale 100 100% £9% D ec. 3 101 Dec. 10 95 June 24 101 D ec. 10 92% Sale 93% Sale 92% D ec. 1 93% Dec. 17 31 93 V D ec. 17 31 93 V D ec. 17 92% Sale 93% Sale 92% D ec. 2 93% D ec. 17 30 27 31 Jan . 25 32 34% 32 33 33 D ec. 10 33% Dec. 10 2854 M ar. 4 40 June 1 42% Feb. 4 55 June 18 50 70 48 40 40% 40 Sale 40% D ec. 10 42% Dec. 27 34% M ar. 2 50% June 21 9 41 V Dec. 9 41% D ec. 9 41% D ec. 9 28 .39% 28 27 % Jan . 29 34 Ju ly 8 26% Sale 24 26 26% D ec. 13 27% Dec. 3 20% M ar. 31 37% July 6 0 27 27 6 26 D ec. 6 27 D ec. 6 7 23% M ar. 1 34% June 21 26% 10 27% 23% Sale 23% Sale 23% D ec. 2 25% Dec. 28 22 M ar. 31 31% June 2 39 41% 40% Sale 38% D ec. 1 43% Dec. 27 38 N ov. 24 52% June 21 53% Ju ne 2 38% Sale 40% Sale 39 D ec. 3 43% Dec. 28 37% A ug. 101% Sale 101% Sale 101% Dec. 27 1C? Dec. 3 96 Jan. 2 102 % M ay 28 106% Sept. 106% 107% 107% Sale 106% D ec. 3 107% Dec. 31 _____----- lillO Aug. 26 103% Sale 103% Sale 103% D ec. 11 104% Dec. 6 103% Feb. 151104% Jan . 2 101% Sale 101% Sale 101% D ec. 28 102% Dec. 7 99% M ar. 30 102% Ju ly 27 101% Sale 101% Sale 101% D ec. 30 102% D ec. 13 100 M ar. 31 102% D ec. 13 101% Sale 101 % Sale 101 % D ec. 6 102 Dec. 11 100 M ay 24 102% F eb. 11 99% Sale 98% Sale 98 D ec. 9 99% D ec. 9 95 Jan . 4 99% D ec. 9 21 97 U. 101% 102% 100% Sale 100% D ec. 31 101% D ec. 2 98% M ar. 30 102% N ov. 30 97% Sale 97% 29 97% D ec. 31 97% D ec. 29 102% 102% 102% 103 102% D ec. 16:103% D ec. 28 100% Jan . 5 103% D ec. 28 103% Sale 93% Sale 103% D ec. 6 105 Dec. 22 101% M ar. 3 105 Feb. 19 100% Sale 100% Sale 100 Dec. 28 100% D ec. 9 97 M ar. 9 101% Aug. 19 74 Sale 76% Sale 73% D ec. 1 77% D ec. 17 61 M ay 20, 77% D ec. 17 90 Vs Sale 93% Sale 90% D ec. 1 94% D ec. 11 82% M ay 201 94% D ec. 11 Jan . 8 40 5 N ov. 12 103% Sale 103% 103% 103% D ec. 1(1 104 D ec. 7 112 Sale 111 111% 110 D ec. 6 112% Dec. 1 110% M ar. 9 114% July 20 104% Saie 103% 105 104 D ec. 24 105 D ec. 10 104 D ec. 24 108 June 26 104 Sale 103% 104% 103% Dec. 22 104% D ec. 7 l t*% Jan . 2 105 Sept. 16 103% Sale 102% Sale 102% D ec. 1 1 103% D ec. 1 97% Jan . 2 104 June 4 102 Sale 102% Sale 102 D ec. 1 103% D ec. 31 97 Jan . 7 103% D ec. 31 104% 104% 103% 104 103% Dec. 15 104% D ec. 6 103 M ay 10 107 June 1 107% Sale 107% 108% 107% D ec. 14 108% Dec. 3 100% M ar. 311109% O ct. 20 105 Sale 105 Sale 103% Dec. 14 105% D ec. 15 102% Jan . 2^106% Feb. 16 104% Sale 105% Sale 104 Dec. 2 105% Dec. 18 101 % Jan 4 j 106 Ju ly 26 98 Sale 99% Sale 98 D ec. 1 100 Dec. 23 94% Sept. 17 100 D ec. 23 94% Sale 93% Sale 93% Dec. 29 94% Dec. 15 93 Sept. 23j 96 N ov. 6 94% Sale 98 Sale 94% Dec. 1 98 Dec. 17 84 M ar. 30 98 D ec. 17 95% Sale 97% Sale 95% Dec. 1 98% Dec. 13 87% M ar. 30 98% D ec. 13 •89 Sale 91% Sale 89 D ec. 1 91% Dec. 31 81 July 23 91% D ec. 31 104 104% 103% Sale 102% D ec. 14 104 Dec. 6 102% D ec. 14>106% O ct. 26 103 Sale 103 Sale 102% D ec. 3 103% Dec. 24 101% Jan . 4i 105% Ju ly 8 114% Sale 113% Sale 113% D ec. 5 115 D ec. 1 113 Aug. 12|117% Jan . 8 103 Sale 103 Sale 102% D ec. 17 103% Dec. 3 102% N ov . 9 106 M ar. 23 j 74% 75% 75% 75% 74% D ec. 3, 75% D ec. 17 67 Jan. 6 77 Sept. 10 100% Sale 100 Sale 99% Dec. 17 101 D ec. 8 99% Ja n . 4 101% Aug. 2 93% Sale 94% Sale 93% Dec. 3 95 D ec. 11 90 VI a r. 13 95 D ec. 11 109% 110 108% Sale 108% D ec. 30 110 D ec. 7 107% M ar. 31 111 Jan. 4 95% Sale 95% Sale 94% D ec. 9 95% D ec. 2 94% O ct. 14 97 Aor. 21 93% Sale 93% Sale 93 D ec. 13 93% D ec. 10 93 D ec. 13 94 N ov. 24 103 Sale 103 103 D ec. 1 103 D ec. 1 101% Feb. 103.% A ug. 27 100% M ay 102 June 10 100% 102 100% 102 86% D ec. 3 87% D ec. 29 84 % Jan . 86% Sale 87% 87% D ec. 29 82% A pr. 84 85% 84% 85% 86% O ct. 14 94% 96 M ay 14 95% 95% 94% D ec. 14 95 Dec. 22 92% Jan . 79% Sale 79% 80 79% D ec. 6 79% D ec. 11 75% Jan . 82% M ay 26 92% Sale 92% Sale 92% D ec. 6 93 D ec. 15 89% Jan . 94 Ju ly 26 91% D ec. 16 IS 1 88% M ar. 91 % N ov. 17 87% D ec. 15 88 Dec. 10 84% M ar. 87% Sale 87% 88% M ay 24 84 % 84% 84% Sept. 84% Sept. 10 87% Sale 87 % Sale 87% D ec. 24 88% D ec. 6 84% M ar. 89 Ju ne 25 84% 84% 83% Jan . 85 Sept. 10 88 Sale 87% 88% 87% D ec. 8 88% D ec. 27 84 5* Jan . 89% Aug. 28 87 % 88 87% 83% 13 88 3^ D ec. 18 84% Jan . 89 % Ju ly 9 85 86 87% 86 D ec. 9 87% D ec. 14 83% Jan . 87% Aug. 10 Sale 99% 99% 99% D ec. 3 99% D ec. 23 98% Jan . 99% 100 M ar. 17 89% Sale 89% 88% D ec. 3 89% D ec. 1 86% Jan . 90% N ov. 15 90% 90% 91 90% 91% 97 D ec. 2 91 % D ec. 15 88 Jan . 92 A pr. 30 Dec. 2 98 97% 98 99% M ay 7 15 94% Jan . 104% 103% A pr. 103% Apr. 5 104% 98 Ai 97% 97% D ec. 7 93 17 96% Jan . 98 % 2 103% 104 103% 104% 103% D ec. 2 103% D ec. 14 102% Aug. 104% Ju ly 8 M ay 85% 87 85% 90 86% Dec. 4 86% D ec. 4 86% D ec. 86% D ec. 4 94 Sale 94% Sale 94 D ec. 6 94% D ec. 24 92 Ju ly 94% M ay 3 105 Sale 105 Sale 104 D ec. 7 105% D ec. 31 104 D ec. 107 Jan . 5 98% 97 % 98% 98% D ec. 11 98% D ec. 22, 93% July 98% D ec. 22 90% 91% 92 Sale 90% D ec. 6 92 D ec. 31 j 90 O ct. 94% Jan . 16 80% Sale 80% Sale 79% D ec. 29 80% D ec. 6 76 A pr. 82% M av 18 71% Sale 72% Sale 71% Dec. 7 74% D ec. 31 65 M ar. 76% Ju ly 19 82% 82% 82% 82% 82% D ec. 2 82% Dec. 17|! 76% A pr. 83 M ay 14 107 102 100% M ar. 103% O ct. 18 92% Sale 94% Sale 92% Dec. 3 94% D ec. 23 89% M ar. 94% ec. 91 11 92% Dec. 15 88% Jan . , 92% D ec. 23 91% 89% D 15 97% Sale 97 Sale 96% D ec. 13 97% D ec. 94 Jan . 2 98% Ju ly 6 X 88% Apr. 5| 96% N ov. 10 | 99% Sale 100% Sale 99% D ec. 2 100% Dec. 24 93% Tan. 2|100% D ec. 24 104% Sale 105% Sale 104% D ec. 11105% Dec. 29 105% D ec. 17 102% Sale 102% Sale 102.% D ec. 28 102% Dec. 17 2 28 104 Ju ly 7 108 Sale 107% Sale 107% D ec. 28 109 Dec. 13 104 M ar. 3 109 Ju ne 12 92% Sale 92% Sale 92% Dec. 1 93% Dec. 3 89% Jan . 7 93% D ec. 3 101% Sale 101% Sale 100% Dec. 4 102% Dec. 17 98 Jan . 2 102% D ec. 17 81% Sale 82% 82% 81 % Dec. 2 82% Dec. 7 74% Jan . 2 82% D ec. 7 99% Sale 100% Sale 99% Dec. 1 100% Dec. 18 97% Sept. 23 100% D ec. 18 62% 64% 63% 65 61 Feb. b ' 5% O 2 94% 96% 95% 96 94% D ec. 3 95% D ec. 21 93 Jan . 16 95% Juct. 6 ly 94% 96 94% 95% A ug. 18 94 Aug. 18 98% 99 81% 82 92 83% 91 % 92 91% D ec. 17 91 Xi Dec. 3n 80 July. 26 83 % N ov . 13 89% Jan 30 91 N ov. 18 81 % Sale 80 81 78% Dec. 11 81% Dec. 18 7 2% A pr. 9 83 N o v .30 95% 96% 95% 96% 95% Dec. 13 95% D ec. 13 93% Jan. 27 95% D ec. 13 B id . A sk B id . A sk. S a le P r ic e s S a le P r ic e s BONDS Y . STOCK EXCHANGE. Interest Perioa BONDS-STOCK EXCHANGE RECORD Sales in 1926. (12 M os.) S 37,000 2,853,000 10,000 110,000 32 ,000 303,000 1,098,000 849,000 624,000 889,000 4.452,000 480,000 181,000 200,000 5t>9,000 61,000 146,000 122,000 536,000 3 j ,000 628,000 498,000 28,000 15,000 21,000 1,053,000 19,000 224,000. 414,000 128,000; 2,394,000 3,000 594,000 434,000. 10,020,000 4,000 372,000 512,000 29,000 1.790.000 _ B u ff R och & Pitts geD 5s______1937 M S C onsol 4 % s __________________1957 M N R egistered _____________________ M N Burl Ced R ap & N or 1st 5s____ 1934 A O Canada Sou con gu 5s-------------- 1962 A O M R Canadian N a t 4 % s S ept. 15 1954 5-year gold 4 % s ------ F eb . 16 1930 F A Canadian N o deb s f 7s------------ 1940 J D 25-year deb s f 6 % s g ______ 1946 J J 10-year gold 4 % s ___F eb. 15 1935 F A Canadian Pac 4 % deb s tock ________ J J Oarb & Shaw 1st g 4s__________ 1932 M S Caro C ent 1st cons g 4s------------1949 J J Oaro Clinch & Ohio 1st 5s______1938 J D 1st & con g 6s series A ______ 1952 j n Cart & A d 1st gu g 4s--------------1981 J D ■Dent Br Un P ac 1st g 4s______ 1948 J D Cent o f Ga R y 1st g 5s____ N o v 1945 F A C onsol gold 5s_______________ 1945 M N Registered $1,000&§5,000-1945 M N 10-yr 6 % secured bonds____ 1929 J D R ef & gen 5 H s series B _____ 1959 A O Chat D lv pur m oney g 4s___1951 J D M ac & N or D lv 1st g 5s------ 1946 J J M obile D lv 5s_______________ 1946 J J Cent N E 1st guar 4s---------------- 1961 J J O O R eorg 1st con g 414s-------- 1930 M S Oen R R & B kg o f Ga col g 5S..1937 M N Central o f N J gen g 5s_______ 1987 J J R egistered________________________ O J Cent Pac 1st ref gu g 4s------------ 1949 F A F A Registered M tg gu g 314s--------------- Aug 1929 J D Through 8t L 1st gu g 4s------ 1954 J J Guar 5 s _____________________ 1960 F A Charles & 8 av 1st g 7s-------------- 1936 A O Ches & O gen fnd & Imp 5s____ 1929 J J 1st cons gold 5s--------------------1939 M N R egistered________________ 1939 M N General gold 414 s ___________ 1992 8,000 Registered_____________________ 5.335.000 Convertible 414s_____________1930 50.000 Oralg Valley 1st g 5s------------ 1940 24,000; Potts Creek Br 1st 4s------------ 1946 104.000 R & A D lv 1st con g 4s----------1989 51.000 R & A D lv 2d con gold 4s------ 1989 42.000 Warm Spring Val 1st g 5s— 1941 M S 886.000 C hic & Alt RR ref g 3s-------------- 1949 A O 227.000 Oertlf deposit stpd A pr 1926 ln t._ C hic & A lt Rv 1st lien g 3 % s — 1950 J J 6.244.000 286.000 C tfs dep cou p Jan 1923 o n . 448.000 C h lc Burl & Q IU D lv 3 14s_____ 1949 J 3 2,0 0 0 R egistered_____________________ J J 498.000 Illinois D ivision 4 s . _________ 1949 J 3 619.000 Nebraska Extension 4s_______1927 M N 5.000 M N R egistered _______________ General 4s___________________1958 M S 1.606.000 2.000 R egistered____________________ - M s 969.000 1st & ref 5s Ser A ____________ 1971 F A 141.000 Chic & E 111 1st cons g 6s---------- 1934 A o Ohic & E 111 (new co) gen 5s___1951 M N 9.341.000 288.000 Ohlc & Erie 1st gold 5s_________1982 M N Ohic G t W est 1st 50-yr 4s_____ 1959 M S 15.295.000 37.000 Ohic Ind & Lou ref g 6s------------ 1947 J J 32.000 R efunding gold 5s------------------1947 J J 4.000 Refunding 4s Series O _______1947 J J 818,000 1st & general 5s Ser A ________ 1966 M N 452.000 J J 1st & gen 6s Ser B _____ M a y 1966 50.000 Ohic Ind & Sou 50-yr 4s-----------1956 J J 42.000 Ohic L S & East 1st 4 % s _______1969 J D 973.000 O M & Puget 8d 1st gen 4s____ 1949 J J 1.052.000 Certificates o f d eposit----------------C h ic M il & St P gen g 4 s .M a y 1989 J J 1.176.000 9.000 R egistered_____________________ Q-J 216.000 Gen g 314s Ser B ______ M a y 1989 J J 888,000 J J Gen 414s Ser O ________M a y 1989 97.000 R egistered ------------------------------- J J Gen & ref Ser A 414s___Jan 2014 A <) 3.035.000 4.343.000 Certificates o f d eposit________ - A <) Gen ref con v Ser B 5 s.-J a n 2014 F A 2.750.000 K A 2.800.000 Certificates o f deposit___ 1st sec gold 6 s ----------------------- 1934 J J 1.352.000 Convertible 4 % s --------------- ...1 9 3 2 J 1) 3.805.000 Certificates o f d eposit------------- J 1) 4.122.000 4 s _________ 1925 J D 2.847.000 4.140.000 C ertificates o f d eposit___ 830.000 4 s . . . ______ 1934 J J J J 2.033.000 C ertificates o f deposit___ 84.000 J 4 Oh & M o R lv D lv 5s_________ 1926 60.000 Oh & N W extens 4s..........1886-1926 F A 9.000 F A 501.000 MN General gold 314s___________ 1987 1.000 M N R eg istered _______________ 638.000 MN 1,000 R egistered. Q F 218.000 M N 854.000 M N 407.000 General 5i. stam ped_________ 1987 M N 83.000 Sinking fund 6s________ 1879-1929 A O 19.000 R e g iste re d _________ 1879-1929 A O 82.000 Sinking fund 5s________ 1879-1929 A O 39.000 R e g iste re d __________ 1879-1929 A O 98.000 Sinking fund deb 5s_________ 1933 M N 33.000 R egistered ____________________ M N 950.000 10-year secured 7s------------------ 1930 J D 676.000 15-year secured 614s_________ 1936 M S 891.000 1st & ref g 5s---------------M a y 2037 J D 673.000 C h ic R I & P a cific gen g 4s------ 1988 45.000 R egistered ________________ 1988 Refunding gold 4s------------------1934 A O 12.902.000 17.000 A O R eg istered ___________________ 80.000 Ohic S L & N O M em D iv 4s___1951 J D 26,000 Oh St L & P cons g 5s---------------- 1932 1,000 R egistered ______________________ 379.000 Chic St P M & Om cons 6s____ 1930 38.000 Cons 6s reduced to 334 s _____ 1930 505.000 Debenture 6s________________ 1930 M S 115.000 Stam ped-----------------------------------Ohic T H & S’east 1st 5s_______I960 J D 2.523.000 Incom e guar 5s______ D ec 1 1960 M S 2.749.000 867.000 Ohic Un Sta 1st gu 434s A ------ 1963 J J 609.000 1st 5s Series B _______________ 1963 J J 646.000 Guaranteed gold 6s__________ 1944 J D 578.000 1st 634s Series C _____________ 1963 J J 228.000 C hic & W I gen g 6s---------- D ec 1932 Q M Consol 50-year 4s------------------ 1952 J J 2.493.000 M S 2.532.000 1st & ref 534s series A _______ 1962 86.000 Oboe Okl & G consol 5s------------ 1952 M N 67.000 Oln Ham & D a y 2d g 434s---------1937 J J 40.000 Oin I St L & C 1st 4s_____ Aug 1936 Q F 1,000 Registered ...................... Aug 1936 Q F 15.000 M N Oln L & N 1st con gu g 4s_____ 1942 74.000 Oln S & Cl cons 1st g 5s------------ 1928 J J 381.000 O O O & St L gen g 4s................ 1993 348.000 20-year debenture 434 b---------1931 29.000 Gen 5s Series B ----------------------1993 1.230.000 R ef & Imp 6s Series A ________ 1929 100.000 R ef & Imp 6s Series O ________ 1941 1.575.000 R ef & Imp 5s Ser D _________ 1963 70.000 Cairo D lv 1st gold 4s------------ 1939 177.000 Oin W & M D iv 1st g 4s------ 1991 J Price Jan. 2 1926. PRICES I N DECEM BER. D ec. 1. D ec. 31. Bid. Ask Bid. Ask. Bid. 102 % 101% 102% 87% Sale 93 Sale 94% 88 90 88 100% 101% 100% 100% 102% 104% 105% 105% 93% 93% 94 % 95% 94% 98% 98% 99 99% 99 115 115% 115% Sale 114% 117% Sale 117% Sale 117% 96% 96% 97 % 98 97% Sale 81 84 % Sale 85 92% 95 96 95% 81% 81% 84% 87% 102% Sale 102% Sale 102% 107% 108 107% 107% 108% 85% 86% 88% 90% 79 84 % 85 84 104 103 104 105 104% 102% Sale 103% 104 103% 97% 102 100 100 103 103% 102% Sale 102 101% 102% 104% Sale 104% 85% 87 86 88% 87% 99% 100 103 100 101 102 Sale 101 % 68 68% 7 6% Sale 78% 97% 98% 98% 98% 98% 100 100 % 100% 108% Sale 111% 112 % 112 108% 110% 111 110 % 89% Sale 91% Sale 91% 87 89% 89% 96% 97% 97% 97% 87% 88 89% 91% 90 Sale 98 101% Sale 101 % 117 118 118 100% 101 100% Sale 100% 102% 102% 102% 103 104 101% 92% Sale 96% 97 97% 87% Sale 98 Sale 99 99% 98% 100% 100% 80 83 84% '8 7 % 84 85% 87% 87% 82% 86% Sale 85% 96% 99% 99% 52% 52% Sale 71 71 Sale 64 70 71 % 71 52% Sale 61% Sale 61% 51% Sale 61 61% 59% 83% 84 81% Sale 92 9 4% Sale 94% 99% 99% 99% 98% 98% 98% 90% 91% 93% Sale 93% 86% 90% 90% 103% Sale 106% Sale 106% 104% 106 107% 106% 106 75% Sale 79% Sale 80% 101% 102% 106% Sale 107% 64% Sale 68% 68% 69% 1 1 3 % -------- 113 % 111% Sale 100 103% 104% 103% 90% 90% 91% Sale 99 99% 103% Sale 107% 110 106% 87% 91% 90% 92 92% 100 % 96% 51 52% Sale 55 55% 51 52% 55% Sale 55% 82% Sale 85% Sale 85% 83 85% 83 70 70% 76 77 75% 90 90% 95% Sale 96% 53 52% 52% 51% 104% 52% 52 52% 51% 53 51% 99% 99% 99% 74% Sale Sale Sale 104% Sale Sale Sale 53 Sale 53 99% 100% 100 Sale 8 5 % _____ 85% 104 104% 103% 100% 100 % 100% 100% 107% 111% 99% 85 83% 88 86% 101 % 100 % 104 93% 98% 98% 87% 81 94% 102% 100% 117% 1105 81 101 103% 95% 93% 92% 87% 99% 85 97% 102 103% 104% 100 90% 82 [Vol.1 - . 21 57 57 55% 55% 104% 56 5 5% 55% 55% 56 55% 90 77% 75 90 89% 103% Sale 104% Sale 107% 107% 108% 104% 102% 103 102% 102% 102% 101 % 101% 101% -------- 101% 101 100% 101% 102% 101 101 % Sale 106% 106% 106% Sale 111 % 111% 112 Sale 103% Sale 103% 85% 87% 87% 87% 86% Sale 92 Sale 92% 87 89% 101% 100 104% 103% 94% 94% 99% 99 99% Sale 93% Sale 86% 94% 98% 102% 102% Sale 102 118 118% 105 Sale 86% Sale 103% Sale 104% 98 97% 94% 94% 92% 90 88% 100% 88% 98 99% 106% Sale 102% 106 107 Sale 103% 93% Sale 85% Sale 95% 99% Sale Sale Sale Sale Sale 95% 99% 100% Sale Sale Sale 105% 102% Sale Sale Sale 105% 97% 91 Sale 89 Sale 109 Sale Sale 103% 94 R AN G E S IN CE J A N . 1. Highest. Sale Prices. 102% D ec. 28 92% D ec. 1 D ec. 3 90 D ec. 23 101 104% D ec. 10 95 D ec. 10 98% D ec. 13 114% D ec. 22 117% D ec. 20 97% D ec. 20 84 D ec. 21 95% D ec. 21 84% D ec. 10 102% D ec. 1 107% D ec. 3 90% D ec. 31 84% D ec. 20 104% D ec. 17 103% D ec. 2 Lowest. Sale 102% 94% 90 101% 105% 95% 99% 115% 118 97% 85 95% 8 7% 102% 108% 90% 85% 105 104 Prices D ec. 28 D ec. 31 D ec. 3 D ec. 14 D ec. 27 D e c. 6 D ec. 28 D ec. 13 D ec. 3 D ec. 3 D ec. 10 D ec. 21 D ec. 31 D ec. 6 D ec. 30 D ec. 31 D e c. 3 D ec. 29 D e c. 17 102% 105% 88 102% 102% 79% 99% 100% 112% 111 92% Sale 103% 108% Sale 85% Sale 104 102 102% 102% D ec. 104% 104% D ec. 88% 87% D ec. 101% D ec. 101% D ec. Sale 76% D ec. 99% D ec. 100% D ec. 101 112% 111% D ec. 115 111 D ec. Sale 91% D ec. D e c. D e c. D e c. D ec. D ec. D ec. D ec. D e c. D e c. D e c. D ec. 30 8 9 10 13 30 27 15 23 8 6 Sale 97% D ec. 90% 89% D ec. Sale 101% D ec. 97% D ec. 11 90% D e c. 8 101% D e c . 4 101% 100% D ec. Sale 103% D ec. 102% D ec. Sale 96% D ec. 101% 104 103% 97% Sale 99 D e c. D ec. D ec. D ec. 24 31 2o 22 9 9% D e c. 31 D ec. 88% 8 8% 8 6% 87 D ec. 29 87 D ec. 29 8 7% D ec. 3 87% D ec 8 6% D ec. 1 85% D ec 7 1% 70% D ec. Sale j 60 8 7% _____ 95% Sale Sale Sale 107% Sale Sale Sale 115 103% Sale 61 59% 86% 86% 94% 99% 93% D ec. 91 Sale Sale 103 61% 59% 87% 86% 9 4% 9 9% 3 D ec. D e c. D e c. D ec. D e c. D ec. 31 30 30 21 28 6 94 D e c. 18 D ec. 18 106% D e c. D ec. 23 106% D ec. D ec. 1 8 1% D ec. D ec. 8 107% D e c. D ec. D ec. 2 70 14 23 9 31 10 103% 90% 99 106% D ec. 10 103% D e c. D e c. 16 90% D ec. D ec. 1 100% D ec. D ec. 22 107% D ec. 10 16 20 13 D e c. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. D e c. D e c. D e c. 2 9 13 22 8 31 14 9 9 3 10 10 3 9 9 3 0 9 100% Sale Sale 86 84% 76 Sale 76% 91 6 71% D e c. 11 D ec. D ec. D ec. D ec. D ec. D ec. 106 106% 79% 106% 68% 55 55 8 5% 84 75% 95% 92% Sale 56 57% Sale Sale 56 57% Sale 55% Sale 56 Sale 55% 56 * Sale Sale 104 104% 103% Sale 55% 56% Sale Sale 55% 56% Sale 55% 56% 55% Sale 56 56% 56% Sale Sale 55% 56% Sale Sale 55% 56% Sale 77 79 7 4% 76% 89% Sale 85% Ask. Lowest. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. D ec. 77% D ec. 1 22 3 22 20 1 14 30 30 8 27 21 23 1 27 15 24 1 55% 56% 86% 84 76% 96% 92% 58% 58% 56% 56% 104% 57% 57% 57% 57 56% 57 3 78% D e c . 29 89%~De~c.~l3 90% D e c. 17 103% Dec. 1 104% D e c. 31 D ec. 10 107% Dec. 9 109 102 % Dec. 17,102% D e c. 17 101 % 101% D ec. 29 101% D e c. 29 101 % 102% 101% D ec. 20 101% D e c. 15 Sale 106% D ec. 13 106% D e c. 18 112% 111% D ec. 7 112% D e c. 21 Sale 103% Dec. 1 103% D ec. 15 87% Dec. 3 87% D ec. 6 88 Dec. 14 86% D ec. 24 87% 86 91% Dec. 1| 92% D ec. 22 Sale 91% Dec. 3 91% D ec. 3 Dec. 24 89% D ec. 24 89% 90 101% 102% 101% Dec. 10 101% D ec. 10 100 103% D ec. 2 103% D e c . 6 103% 104 94% 95% 99% 100% 9 9% D e c. 8| 9 9% D e c . 14 99% 100% D ec. 3 Dec. 28 94 93% Sale 93 87% Sale D ec. 11 88% D ec. 6 96% D ec. 22' 98% D ec. 1 97% Sale D ec. 5 104% D ec. 22 104% 105% 104 101% 102% 101% Dec. 30 102% D e c. 3 118% Sale 118% Dec. 15 118% D ec. 1 102% Dec. 3 105% D e c. 17 105% 106 Dec. 17 87% D ec. 4 Sale 87 D e c. 18 104% Sale 103% D ec. 1,105 104% 104% ’ 97 % *D"ec. " 6, 97 % ’ d "e c ’ 6 97% 95 94% D e c . 18 Sale D e c. 18 91 91 91 100 % D ec. 1 100% D ec. 1 88% D ec. 2 89% D e c. 9 88% Sale 99% Sale 98% D ec. 14 99% D ec. 4 D e c. 14 D ec. 14 108 106% 113 108 102% 102% 102% D ec. 3 102% D e c. 10 D ec. 1 107% 106% D ec. 11 107 107 D ec. 27 103% Sale 103% D ec. 2 104 93% D ec. 9 93% D ec. 3 D ec. 10 86 87 85% D ec. 2 86 100 Sale 101% 87% 87% 100% Prices. M a r. 16 Jan. 4 Feb. 19 Jan. 23 102 % Feb. 17 93% Jan. O ct. 21 98 114% O ct. 5 116% Sept. 3 Jan. 20 96 80% Jan. 7 June 17 94 81 % Jan. 5 101 % A ug. 6 106% N o v . 13 81% N o v . 6 79% Jan. 19 103% F eb. 3 102% July 29 Highest. Sale 103% 94% .90 Prices. O ct. 11 D ec. 31 D ec. 3 101% M a y 21 105% June 14 95% Jun (19 99% Jan • 117% Feb. 20 118% F eb. 3 98% July 13 O ct. 8 87 95% D ec. 21 87% D ec. 31 103 % Jan. 6 109% A pr. 27 90% D ec. 31 86% N o v . 20 106 Sept. 16 104% June 15 1 1 % Feb. 9 101% F eb. 9 0 102% Sept. 9 103% M ar. 12 101 % Jan. 4 106% M a y 7 86% O ct. 6 88% Sept. 16 100 A pr. 21 103% July 20 101 % M a y 28 102% D ec. 13 6X Jan. h 79% D ec. 30 98% A p r. 20 99% M a y 4 98% Jan. 9 101% June 14 July 9 108% Jan. 19 113 108% Jan. 22 111% June 21 88% M ar. 2 92% O ct. 29 Sept. 24 90 Sept. 24 90 96% Jan. 20 97% D ec. 11 A pr. 6 90% D ec. 18 87 97% Jan. 13 102 M a y 13 118% A ug. 18 118% Aug. 18 % A pr. 5 101% Sept. 27 102% Jan. 4 105% A pr. 22 101 % June 18 103% June 3 M ar. 3 97% N o v . 19 92 93% Sept. 27, 94% O ct. 25 M '• J an. II* 99% June 18 7 « 100 % June 11 102% July 8 83 M ar. 30 88 A p r. 28 85% Jan. 15 88% A ug. 2 82 h Ian. 87% A ug. 4 July 2 98% A p r. 26 102 Jan. 4 7 1% N o v . 19 65 Jan. 2 70 M a y 21 64 N o v . 22 51% Jan. 19 62 Jan. 16 59% O ct. 5 51 83% Jan. 5 87% D ec. 30 84% Feb. 24 86% D ec. 31 91 % Jan. 27 94% D ec. 28 _____ 96% M ar. 2 1 0 0 % M ar. 17 99% M ar. 17, 99% M ar. 17 90% Jan. 4 94 D ec. 18 91% M ar. 23 92% M ar. 23 102% Feb. 17 107% N o v . 17 103 % A ug. 28 107% Apr. 24 73% M a r. 4 81% N o v . 13 101% Jan. 5 107% D ec. 31 64% Jan. 5 70% July 12 110% A pr. 22 113% N o v . 19 101 Jan. 28 104% N o v . 26 79% Jan. 7 90% Sept. 10 92 Jan. 7 100% D ec. 20 103% Jan. 6 108% A pr. 14 Apr. 20 83% July 15 92 95 M ar. 30 97% N o v . 5 M ar. 31 56 47 N o v . 20 45% M ar. 31 56% D ec. 9 81% Jan. 29 87 June 22 81 Sept. 24 84 D ec. 22 70% Jan. 8 76% D ec. 8 90% Jan. 6 96% D ec. 18 A pr. 9 92% N o v . 18 91 48% M a r. 30 58% N o v . 22 47% M ar. 31 58% N o v . 22 47% M a r. 31 56% D ec. 3 M ar. 30 57% N o v . 22 47 102 July 22 106 Jan. 25 A pr. 3 57% N o v . 22 47 46% A pr. 1 57% N o v . 22 45% M ar. 25 57% N o v . 22 46% A pr. 3 58 N o v . 19 47% A pr. 3 57 - N o v . 22 A pr. 1 57% N o v . 22 47 98% Jan. 8 99% M a y 8 99% Jan. 8 99% A pr. 1 99% Jan. 18 99% June 8 74% Jan. 2 79 N ov. 8 74% July 27 74% July 27 85% Jan. 15 90% D ec. 17 86% June 4 87 Aug. 11 85% Jan. 5 89% June 15 1 0 1 % A ug. 17.104% D e c. 31 103 July 221109 D ec. 10 101% Sept. 29 105% F eb. 8 102% Sept. 29 103% Jan. 30 100% Jan. 23 103% June 1 100% Jan. 25 101 Sept. 30 100 F eb. 6 102% N o v . 4 101 % M a y 10 101% M a y 10 106% D ec. 13 108% M ar. 22 111% Jan. 7 114% A pr. 23 99% Jan. 14 104% June 28 Jan. 4 88 M a y 11 85 83% A ug. 28 86% D ec. 24 87% M ar. 3 92% D ec. 22 88% Jan. 20 91% D e c. 3 86% M ar. 19 90% O ct. 23 101 A ug. 12 102 F eb. 5 100% Feb. 5 100 % F eb. 5 102% M a r. 15___ 104% Feb. 25 94% Sept. 8 95 June 18 98% Jan. 81101 A pr. 9 98% Jan. 8|100% A pr. 15 A pr. 20 94% D ec. 3 77 76% A pr. 2 1 1 88% D ec. 6 94% M ar. 5 98% N o v . 29 101 Sept. 10 105% June 4 100 Jan. 5 104% N o v . 18 115% Jan. 30 119% June 19 99% July 27 106% M a y 24 Jan. 2| 87% A pr. 24 81 100% Jan . 2 105 A pr. 23 102% M ar. 6 104% N o v . 13 Jan . 8 98% Sept. 24 96 July 7j 9 5% N o v . 13 93 9 3 % July 14 9 3% July 14 89% Jan. 19 91 O ct. 1 100 July 22 101 % M a y 4 Jan. 5| 89% D ec. 9 85 9 7% Jan. 6 100% N o v . 23 A ug. 21 108 102 D e c. 14 101% M ar. 3 103% A pr. 8 M a r. 10 108 June 29 105 99% Jan. 12 104 N o v . 27 Jan. 14 9 3% D e c. 3 91 81% Feb. 8 86 D ec. 10 100 BONDS N. Y . S T O C K E X C H A N G E . Sales in 1926. (12 M os.) Price Jan. 2 1926. Ask. $ 119,000 82 % 83 >4 M N 5,000 M N 7,000 87 % 87% M S 13,000 87 % J J 27,000 107% J .1 37.000 101% A O 99 J .1 17,000 96% 97% M N 2,000 99% A O 1,000 99% J J 30,000 81% M N 2,000 81% 85 F A 190,000 98 98% A O 510,000 A O A O 1,028,000 100 % 100 % 68,000 86% 87% J D 704,000 98% 99 F A M N 1,114,000 95% Sale 12,000 102% 103% A O 37,000 85% F A 80,000 80 82% A O 9,000 59 F A 53,000 65 70 J J 10,000 53 T D 76,000 J J 2,000 65 A O _____ 30,000 65 J .T ------J J 1,205,000 88% 89 648,000 105% Sale J T) 173,000 J D I J 1,235.000 92% 92% 115,000 97% D ay & M ich 1st con 4 % s ............1931 J .1 Del & Hud 4s__________ ________ 1943 M N 1,873,000 109% Sale A O 9,416,000 112% Sale M N 1,115,000 103% Sale 15-year 5 % s . 538,000 109 100 J D 2,000 9 3% 95% F A J J 4,750,000 85% Sale 714,000 89 89% J J J D 1,848,000 98 985 F A 16,737,000 65% Sale 44.000 44 47% J J 94,000 41% 45 Tem porary ctfs o f dep osit. DlS,oo \7o1 lo f orit A IXa 95 M S 15,000 70 71% J 1) 12,000 65 71% J D 561,000 94% D etroit R iver Tunnel 4 % s -----1961 M N 9,000 102 J J 151,000 101 % 102 % A O 178,000 85 85% J J 9,000 90% A O 65,000 100 % J J 191,000 102% M N 46,000 M N % % 78,000 102% 103 A O El Paso & 8 W 1st & ref 5 s . . . 724,000 108 108% M S J J 4,107,000 74% Sale 6,000 71% 74 J J R egistered. Sale J J 11,186,000 68 130,000 J J R egistered. 574,000 9 6 % -----F A A O 4,243,000 69% Sale A O 5,043,000 69% Sale do Do Sale A O 14,388,000 84 808,000 103% 104% J J 755,000 J J 27,000 85% 88% J J 15,000 J J 88% M N 6,475,000 67,000 100 % ____ iJ J Fla C ent & Pen ext g 5 s. 111,000 99% 100 J ,T 963,000 95% Sale J D Sale M S 3,973,000 98 730,000 59% Sale M N 9 0 % -------J J 61,000 105 _____ J D 154,000 96 J J 96% 86,000 107 _____ A O 85,000 100% _____ M N 138,000 100 % 100 % J J 234,000 9 3 % -------A O 184,000 95% 96 J J Ga & Ala 1st cons 5 s. 188,000 100% _____ )J J 162,000 65 A O 69 186,000 9 6 % -------J J 763,000 115 'A O 115% Grand Trunk o f Can s f 7s-----M 8 1,052,000 106% Sale 3,000 9 0 % _____ J D Grays Point Term 1st gu g 5s_. J J 7,702,000 110% Sale G rt N or— Gen 7s Series A -----3,000 J J R egistered --------------- ------J J 1,500,000 94% Sale 1st & refund 4 % s Ser A -----Sale J J 2,124,000 103 Gen m tge 5 % s Ser B . ------J J 2,691,000 97% Sale ; j j 1,832,000 42,000 78% 85 Feb Geen B ay & W est deb ctfs A . Feb 1,987,000 17% Sale D ebenture ctfs B --------------14,000 88% Sale »M N 297,000 102% 103% A O 193,000 105 Sale J J 591,000 91% Sale J J H ock Val 1st con g 4 % s . 1,000 8 6 % ------J J 104,000 95% 96 M N 81,000 101% 101% 1 .1 1,000 101 % _____ M N 140,000 96% Sale .1 .1 34,000 MN 46,000 100 M N 101 F A 6,663,000 92% 92% 2,000 Registered . A C 10,634,000 75% Sale djust incomi 40,000 9 1 % ------.J J iois Central J J 1,000 87% 91 Registered . 44,000 82% 84 :J J A O 5,000 82% 83% A O R egistered. 78 M S 4,000 76 71 2A C 411,000 87% 88% 5 MIS 885,000 90% 92 2J 3 102,000 81% 82 3 M 1 1,002,000 85% Sale 5 2,000 Registered . 5M B 353,000 105% Sale 4 J .1 1,026,000 103 Sale 5 J .1 391,000 112 Sale 3 F A 1,397,000 )J I 41,000 90% 23,000 73% i j ; 3J J 95.000 4,000 78% Sale Registered . I F A 26.000 73% 73% 1 .1 « ! 31,000 74 ... St. 1 .1 , 87,000 81% 82 G 1J . 15,000 79% . . . Spr 1F / 87,000 86% 90 Wei 3 ,1 1 2,412,000 1J I 21,000 1J I 8,000 i J r )A ( 10.000 89 95 0J J Ind 111 & la 1st gold 4 s. 39.000 8 9 % ____ C C C & St L— (Concluded) jt L D lv 1st coll trust g 4s_.1990 R egistered ____________ — sip & C ol D lv 1st g 4s_______ 1940 W W Val D lv 1st g 4 s ...........1940 Olev C ol O & Ind 6s_________ 1934 Olev JLor & W con 1st g 6s------1933 Olev & M ahon Val g 5 s ............ 1938 C lev & M ar 1st gu 4 % s ------------1935 Olev & P itts 4 % s series B ____ 1942 Series A 4 % s ________________ 1942 Series C 3 % s . ...........,...............1948 Series D _____________________ 1950 Olev Short Line 1st gu 4 % s — 1961 Olev Un Term 'ls 1st s f 5 % S --1 9 72 1st s f g 5s Ser B ------------------- 1973 Coal R lv R y 1st gu 4 s . .............. 1945 Oolo & Southern 1st g 4 s-----------1929 R efunding & ext 4 % s ------------ 1935 Ool & H ock Val 1st ext g 4s------ 1948 Ool & T ol 1st ext 4s....... ............. 1955 Oonn & Pas R lvs 1st g 4 s-----------1943 Consolidated R y non -conv 4s — 1930 N on -con v debenturs 4s---------1954 R egistered_______________ N on-con v debenture 4s---------1955 N on-con v debenture 4s---------1955 N on-con v debenture 4s---------1956 Cuba R R 1st 50-yr 5s g ------------ 1952 15 BONDS-STOCK EXCHANGE RECORD Interest Period Ja n . 1927.] , 101 102 PRICES I N DECEM BER. Dec. 1. Bid. 87% 85 91% 90% 104% 101 % 99% 98% 99 99 85% 84% 100% 108% 104% 88% 98% 96% 90% 89% 85 93 69 69 Ask. Bid. 87% 85 91% -----94 107 106% 102 % 101 % 99% 98% 99% 99% 86% Sale Sale Sale Sale 97 9 2% Ask. 90 Highest. Lowest. Sale Prices 8 7% D e c. 2 Sale Prices. 88% D ec. 23 Sale Prices. 82% Jan. 5 83% F eb. 25 89 Feb. 2 81 % M a y 21 104% Sept. 17 101 % A ug. 25 99% Sept. 7 96% M ar. 4 9 9% A ug. 12 101% M ar. 15 83% M ar. 23 84% Sept. 10 97% Jan. 15 105% Feb. 100% Jan. 86% F eb. 98% Jan. 95% Sept. 87 % Jan. 87% A pr. 81 Jan. 75% Jan. 20 65% Jan. 5 70 Sept. 22 65% Jan. 5 Sale 8 8% 83% 91% 94 107% 102% 99% 9 8% 99% 101% 86 85% 101 % 108% 104% 88 % 99% 97% 9 2% 90 88 9 3% 73 70 75 6 5% 88% 105 97% 92% 9 7% 90% 108% 102% 106% 94% 85% 89 95% 62 39 3 3% 9 6% 7u 65 9 4% 103% 101 % 7 9% 91 100% 100% 101% 102% 105% 74% 7 7% 64 65 96% 6 7% 6 7% 73% 104 104% 86 88 81 % 98 9 8% 95% 97 5 8% 74 July 24 9 6% June 11 110 Sept. 2 100 Sept. 1 100 D ec. 29 9 8 % N o v . 16 95 M a y 12 122% Sept. 2 105% M a y 18 110% Sept. 23 95 A pr. 8 91% D ec. 20 95 Jupe 30 100 A pr. 27 7 6 % ]D e c. 9 47% Jan. 28 47 Jan. 12 9 6% A ug. 27 75 N o v . 15 65 Feb. 1 9 8% June 14 104% Sept. 10 103% June 14 90% June 26 92% D ec. 4 101% M a y 14 106% July 2 104% M a y 22 105% O ct. 4 108% Jan. 9 82% D ec. 31 77% O ct. 26 74% D e c. 3 7 2% D ec. 22 9 8% A ug. 10 79% D ec. 23 79% D ec. 23 85% D ec. 24 112 D ec. 14 112 D ec. 11 92 M ar. 22 89% M a r. 24 95% D ec. 31 100% N o v . 4 102 June 2 99% D ec. 31 100% June 12 66 D e c. 1 94 D e c. 107% 106% D ec 102 % 101% D e c. _____ D e c. 99 ---------------------- 30 94 D ec. 30 14 106% D ec 17 11 101% D ec. 21 22 101% ------- 100% D ec. 108% Sale 108% D ec. 104 Sale 103% D ec. 95 73 99% 96% 91% 90% 86 92% 69 73 69 ------73 92% D ec. 13 92% D ec. 13 D ec. 14 69% D ec. 18 71 _ _ 73 69 Sale 97% 98% 95% 107% Sale 108% Sale 107% 102% Sale 102 % Sale ,102% 93% Sale Sale I 93% 94 83 83 B22 23% 2 2 % 2 2 % 2 1 % 09 91% 92 S ale" 104% 105 104% 106% 109 105% Sale 98 Sale 98 97% 95 95% 98 98% '9 9 % 98 99% 9 8% 101% 101% 101% 102 99% 99% 98% 100% 100% 100% 100 % 101 100% Sale 97% Sale 98% Sale 97% 93 87 80 90% Sale 83% 90 107% Sale 113% Sale 92% 77 Sale 85 Sale 105% 104 91 87% 87 84 73% 90% 94 83% 88 85% 108 103 112% 96% 92% 76% 83 81 75% 76 84% 86% 90% 103 105% 103% 79% 92% 93% 2 101% D ec. 9 1 108% D ec. 22 2 104% D ec. 18 98% D ec. 9 6% D e c. Sale 71 D e c. 20 71 95% 108% 99% 100 D ec. D ec. D ec. D ec. D ec. 94% 119 104% 107% D ec. D ec. D ec. D ec. 91% 94% 100 76% D ec. D ec. D ec. D ec. 28 35% D e c. 2 72% D ec. 97% 104% 102% 82 92% 101% 106% 102% 104% 108% 82% 74% 72% 98% 7 9% 79% 85% 112 112 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 95% D ec. 100% D ec. 1 99% D ec. 31 28 99% D e c. 4 D ec. 1 24 66 71 88% 90% 81% Feb. Jan. Jan. •Tan. Jan. Oct. July Sept. Jan. N ov. Jan. Jan. Jan. Jan. M ar. A ug. M ar. Feb. Ian. M a r. July A pr. Feb. Sept D ec. 72 N ov. M ay 92 9 4% D ec. 85% M a y 89% July 85% O ct. 108% M a y 104% A ug. 113% June 96% D ec. 92% July 78% June 8 3 % D ec. 82% July 76% D e c. O ct. 75 8 7% M a y Augl 85 90% July 104 D ec. 105% Jan. 102% A p r. 78H Feb. 9 3% D e c . 92 June 4 116% D e c. 2 3% 92 105% 107% 98% D e c. D ec. D ec. D ec. D e c. 9 8% D e c. D ec. 90% 94% 85 89 D ec. D ec. D ec. D ec. 108% 107% D ec. 102% D ec. 104 Sale 112% D ec. 96 D ec. Sale 9 2% D ec. 76 D ec. 83% 8 2% D ec. 108% 103% 113% 96% 92% 7 6% 83% D ec. D ec. D ec. D ec. D ec. D ec. D ec. Sale 86 76 D e c. 31 8 107 Jan. 22 9 7% June Sept. 16 100 13 93% Jan. Jan. 4 96 4 9 9 % O ct. Feb. 22 63 3 95% Sept. Sept. 7 113 7 106% O ct. 95% O ct. 24 109% Jan. 112% Feb. 29 91% July 20 102% Jan. 20 9 7% Jan. 21 9 0% Oct. 78 June 10 13% M a r. 13 88% Jan. M ar. 8 101 103% M a r. 28 91% Jan. 90 M ay 14 95% Jan. 100 M ar. 101% F eb. D ec. D ec. D ec. D ec. 89% 93% 83% 88% Jan. A pr. Jan. A ug. Feb. Jan. A pr. Jan. July M ar. Jan. Jan. 100 % D ec. D ec. 100 D ec. 98 97% D e c. 99% D ec. D ec. 74 96% D ec. 115% D ec. 107% D ec. D e c. D ec. D ec. D ec. D ec. D ec. 103 96 Prices. O ct. 23 F eb. 25 O ct. 22 D e c. 30 Jan. 20 M a y 17 Sept. 7 N ov. 9 A ug. 12 M a r. 15 A pr. 8 July 23 Sept. 27 D ec. 22 June 15 June 29 M a y 12 M ar. 13 A ug. 11 A p r. 29 N o v . 16 O ct. 29 A p r. 28 Sept. 22 July 10 100% D ec. 20 96% 100% D e c . 31 100% 100 98% D e c. 23 92% 97 8 4% D e c. 7 75% 91% 93 2 83% D ec. 2 83% 83% 98% D ec. D ec. D ec. D ec. D ec. 8 3% D ec. Jan. Jan. Jan. O ct. Jan. Feb. Jan. M ar. M ar. D ec. Feb. Jan. Jan. M a r. M ar. Sept. N ov. A ug. Jan. F eb. Jan. A pr. M ar. D ec. M a r. Jan. M ay Jan. Jan, July Jan. O ct. M ar. F eb. M ar. M ar M ar M ar. Jan. Jan. Jan. A ug. July M ar. Jan. Jan. M ar. N ov. Highest. June 12 July 30 June 7 M ay 5 Jan. 26 101 June 8 99 100 July 12 100 % Jan. 23 D ec. 22 74 97% June 18 116% M a y 6 June 1 108 95% O ct. 29 116% D ec. 24 113% N o v . 23 98% N o v . 5 109% D ec. 20 103% N o v . 17 9 1% Sept. 16 Sept. 27 85 23% N o v . 26 D ec. 13 92 June 18 106 107% D ec. 3 98% D e c . 28 M a y 19 90 99% June 25 102% A p r. 27 101 % F eb. 26 100% D ec. 20 101 % June 9 101 % M ar. 27 98% D e c. 23 A pr. 27 97 84% D ec. 7 97% A pr. 12 M a r. 10 93 Sept. 21 91 Sept. 23 87 24 97% 109% 102% 94% D ec. D ec. 6 3 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 2 D ec. 1 D ec. 24 D ec. 1 8 3% D e c. 78% 90% Sale 89 Sale 3 98% D ec. 1 96% D ec. D ec. 29 73 71 D ec. 72 69 Sale 93% D ec. 94% Sale Sale 108% Sale 108 D ec. 99% 99% Sale 99 D ec. Sale 100 Sale 98% D ec. 98% 98% 94% 94 Sale 93% D ec. Sale 115% Sale 114% D ec. 104% 103% 104% 103% D ec. Sale 106% Sale 106% D ec. 94% Sale 90% D ec. 91% Sale 95% 94% Sale 94% D ec. Sale 99% 99% 9 9% D ec. Sale 73 D ec. 73% Sale 41 41 34 36 , 34 37% 3 4% D e c. 93% '7 3 % 70% 73% 70% D e c. 67% 65 66 % _________ 97% 96% 97% ; 97 D ec. 103% _____ *103% D ec. 103% 102% 103% 102% D ec. 82 75 7 9 % I 79% D ec. 93 93% _____ 9 2% D ec. 100% 101 100% _____ T 0 0 % D ec. Sale 106 106 106% 106 D ec. 102% 104% 102% 104% 102% D ec. 104% 104% Sale 104% D ec 107% 107% 107% Sale 1 6 % D ec. 80% Sale 82% Sale 80 D ec. 76% 79% 71% Sale 73% Sale 71% D ec. 71 D ec. 98% 98% 98% 100 9 8% D ec. Sale 77 79% Sale 76% D ec. 76% Sale 7 6% D ec. 79% Sale 80% Sale 84% Sale 80% D ec. 111 % Sale 111% Sale 111% D ec. 111% 111 % 111% 112 111% D ec. 88% 88 % ____ 88% 88% ____ 93% Sale 95% Sale 9 3% D ec. 100% 101 100% 100% 100% D ec 101 % Sale 101 % ----------Sale 98 98 D ec. 99% Sale 99% Sale Sale 9 9% D ec. Sale 65 63 63% 63% D ec. 94% 94 105% 103% 97% 97% 98% 97% D e c. 107% 109 107% 109 100% 100 % 100% Sale 100% D ec. 100 % 100% 100% 100 100 D ec. 96% 97% 96% 96% 96% D ec. 98% Sale 97% Sale 9 7% D ec. 99% 99% 100 99% D ec. 72% 73 72 73% 72% D ec. 96% 96% Sale 96% D ec. 115% Sale 115 115% 115 D ec. 107% 106% 107 107 106% D ec. 94% 94% 113% Sale 114 Sale 1113% D e c. 84 98% D ec. 10 Sale Sale 92 ..... 69 93% 108% 99 98% 98% 93% 115% 104 107 94% 91 94% 99% 75% 34 35 93% 70% 65 97 103% 102% 75 91% 83% 93% 91 85% 85% 84 70 89% 93% 82% 88% 85% 107 102% 112% 96 92% 75% 82% 81 75% 75% 85% 83% 90% 102% 104% 101% 79% 92% 91% RANGE SIN CE J A N . i Lowest. Dec. 31. 76% D e c. 103% 102% D ec. 107% 105% D ec. 104 D ec. 105% D ec. 9 3% D ec. 8 5 % D ec. 9 3% D ec. 86% D ec. 85 8 5% 105 101 % 111 % 95% 90% 74 80% 78% 6 73% 73% 81% 82% 89% 99% 103% 102% 78% 91 85% 107 98% 108% 101 % 29 14 15 7 2 20 12 7 24 17 28 29 30 9 6 22 1 9 19 20 19 7 3 14 16 BONDS N. Y STOCK EXCHANGE Interest Period BONDS-STOCK EXCHANGE RECORD 16 Sates in 1926. (12 M os.) S 35,000 129,000 155,000 1,058,000 8,752,000 313,000 980,000 463,000 467,000 286,000 363,000 3,000 132,000 1,000 48,000 108,000 680,000 2,507,000 130,000 1,100,000 4,188,000 3,540,000 207,000 62,000 PRICES I N D ECEM BER . Price Jan. 2 1926. Bid. RAN GE SIN CE J A N . 1. Dec. 31. Ask. Bid. 84 _____ 102 % _____ 102 % Sale 100% Sale 81% 78% 79 75% 95 Sale 5456 20% 1656 Highest. Ask \Bid Asfc. Sale I 8654 Sale 1 8 4% 102% 103% 102% 103% 101% Sale 106% Sale 106 Sale 81% 8 3 % Sale Sale 81% 8256 7 8 % 76 75% 7 0% 74% 95 95 % 95% Sale 55% 53% 54 5356 Sale 53% 53% 54 18 1 6 % 17% , 10% ,000 102 ,000 ,000 222,000 103 103 6456 04% 6656 7154 10056 8354 10156 10054 9356 _____ 10356 103 Sale i 67 Sale 72 7356 7456 _____ 1100 10056 _____ ' 85 87 10154 10156 10154 102 -------------------------- 9 5 5 6 _____ 103 6554 7154 10056 Lowest. Prices. Sale Pri> es Sale D ec. 3 8654 D ec. 31 7956 D ec. 10 10254 D ec. 10 1005s 10056 D ec. 3 10656 D ec. 15 103 D ec. 1 86 D ec. 20 66 D ec. 1 8156 D ec. 17 69 % D ecl 15 7656 D ec. 28 7456 D ec. 2 9554 D ec. 13 9456 D ec. 21 5556 D ec. 6 5356 D e c. 14 5554 D ec. 6 5356 D ec. 3 17 D ec. 13 15 15 D ec. 20 9256 D ec. 29 8856 101 D ec. 8556 D ec. 4 83 D ec. 100 % D ec. 27 9954 D ec. 10154 D ec. 10 1005* D ec. 92 56 D ec. 7| 8956 D ec. 9954 D ec. 10 9854 74 D ec. D e c. 1 72 D ec. 9956 D ec. 13 9356 D ec. 4 85 D ec. D ec. 24 86 D ec. D ec. 8756 D ec. 24 81 Indianapolis & Louis v 1st gu 4s 1956 3 J Ind Union gen & ref 5s A _____ 1965 ,! .T 10056 Gen & ref g 5s Ser B ________ 1965 J J 10056 104 Internal & G t N or 1st 6s______1952 J J 73 A dj na 6s Ser A ________ 1952 A p 1 , S tam ped______________________ 78 Int R ye o f Cent Amer 1st 5s_.1972 M N 1st col trust 6s_______________ 1941 M N 63 56 Iow a Cent 1st gold 5s_________ 1938 J D C ertificates o f d ep osit________ 60 M 1st & ref 4 s __________________1951 M S 1954 C ertificates o f d eposit___________ M S 88 54 89% James F & Clear 1st 4s________ 1959 J !> 9156 9256 9054 92 9154 K al A & G R 1st gu g 5s-----------1938 .1 .1 102 56 -------- 10256 10554 10056 82% Kan & M 1st gu g 4s---------------- 1990 A O 8456 87 I 8554 87 8556 9954 100 99 h Second 20-year 5s____________1927 J J 10056 10056 102 Vs 102 % 10156 10154 10156 Sale 10156 C Ft S & M con g 6s-------------1928 M N K C F t 8 Si M R y ref g 4s____ 1936 A O 89 56 Sale 9254 9256 9256 92 54 Sale K C & M R & B 1st gu g 5s----- 1929 A O 99 56 9956 9656 09% 9956 Sale Sale Sale 74 74 73% Sale Kan C ity South 1st g 3s_______ 1950 A O 7356 93% Sale R e f & Im p 5s_________ April 1950 J J 9956 Sale 9956 Sale 9956 Kan C ity Term 1st 4s_________ 1960 J J 87 56 85% Sale 88 56 Sale 8856 Sale Sale 85% 88 Kentucky Central g 4s________ 1987 .7 ,T 87 54 Sale 8754 77% K entucky & Ind Term 456*----- 1961 J .7 8554 83 54 86 8554 90 456S £100 p cs_____________________ J .1 19,000 85%, 86 % Stamped _ . . _____________________ .1 .1 8756 8556 84% 8556 Keok & D es M 1st 5s ctfs d ep --1 9 2 3 A O C tfs dep stpd as to in t___________ 185,000 100 % _____ 10256 -------- 10254 Lake E & W 1st gold 5e______ 1937 3 'J 10254 D ec. 14 10256 D ec. 77,000 9856 100 2d gold 5s............................ 1941 J ,T 9954 D ec. 3 100 D ec. 99 56 100 10056 436,000 78% 79 8054 D ec. 9 82 54 D ec. Lake Sh & M S g 3568.............. -1997 J D 8056 82 8156 222,000 7 6 % 79 R egistered___________________ 1997 J D 7956 D ec. 3 8<f D ec. 99% Sale 9856 Sale 9854 D ec. 13 9956 D ec. D ebenture gold 4s__________ 1928 M S 2.640.000 98% 9 8 % 9756 Sale 25-year gold 4s______________ 1931 M N 1.410.000 9 6 % Sale 9756 D ec. 2 9754 D ec. 9756 Sale R egistered____________________ M N 197 000 103% 104 10456 105 ,10454 Sale 10456 D ecl 9 105 Leh Vail Harbor Term 1st 5 s. . 1954 F A D ec. 150 000 9 6 % Leh V (N Y ) 1st gu g 45i>s____ 1940 J J 9856 99 9856 99 54 9856 D e c. 7 9854 D ec. 531 000 82% 82% 8656 Sale 8656 87 Leb Val (Pa) gen con g 4s____ 2003 M N 8554 D ec. 2 8654 D ec. 9 ,000 78 80% R egistered________________________ M N 585 ,000 91% 92% Gen cons 4 % » _____ - ________ 2003 N M 9654 D ec. 13 9854 D ec. 9656 -------- 9754 Sale 462 ,000 101 I Leh Vail R R gen 5s series_____ 2003 IV N 10556 10556 10456 D ec. 2 10556 D ec. 101 % 10456 105 48 % Leh V Ter R y 1st gu g 5s_____ 1941 1A O 10256 10354 10256 ____ 10256 D ec. 4,10354 D ec. 1 000 100 R egistered ________________________!a O 102" 95 ,000 87 % 89 Lehigh 4 N Y 1st gu g 4s___1945 M S 8956 D ec. 13' 8956 D ec. 8856 90 i 8956 362 000 105% 10654" 10954 ------ . 10954 Lex & East 1st gu 5s_________ 1965 A O 10956 D ec. 6 10956 D ec. 17 000 84 56 Sale 86 88 | 8656 Little M iam i gen 4s ser A ____ 1962 M N 37 000 109 % 109 Long D ock cons gold 6s______1935 A O 20 000, 100% Long Isl 1st cons g 5s____July 1931 Q 10054 10054 8 000! 94 % 96 1st cons gold 4 s . ___July 1931 Q 9756 66 000 90 93 93 93 D ec. 30 9354 D ec. Gen gold 4s................................ 1938 J D 1 000 93 % G old 4s......................................... 1932 J ~ 9456 9456 132 84 85 U nified gold 4s______________ 1949 M 8856 Sale 8854 8956 8856 D ec. 1 8954 D ec. 309 ,000 97% 98 D eb gold 5s__________________1934 J 9956 D ec. 1 100 D ec. 99 56 9956 Sale 272 000 90 Sale 98 20-year deb 5s------------------------1937 M N 9751 Dec. 20 9854 D ec. 9856 9856 526 000 8 4 % 85% Guar ref gold 4s____________ 1949 M 8 8854 D ec. 2 8954 D ec. 8856 Sale 8854 90 62 Sale N Sh Bch 1st cons gu 5s___Oct '32 Q 100 ! 99% 100 % 9956 100 99 56 D ec. 10 100 D ec. 241 000 i 99% 100 % 10054 101 Louisiana & Ark 1st 5s------------ 1927 M S 10054 10156 10054 D ec. 2 10156 D ec. 116 ,000 i 80% 87% Lou & Jeff Bridge gu g 4s______1945 M S D ec. 8956 D ec. 13 90 8956 8956 8956 Sale Louisv & N ashv gold 5s-----------1937 M N 105 106 139 000 102 % 104 10556 D ec. 7 10556 D e c. 103 56 105 947 000 I 93% Sale 9556 Sale U nified gold 4 s .............. 1940 J J 9556 9656 955-6 D ec. 141 9656 D ec. R eg istered _________________19401J J | 9056 126. 101 C oll trust gold 5s____________1931 !M N 101 ' 1 0 0 % 101 10154 715; 106 10-year secured 7s____________1930 M N D ec. 22 10756 D ec 10656 10554 Sale 105 10554 Sale 515. D ec. 6 108 54 D ec Sale let & ref 556 s series A ___...2 0 0 3 A O 107 108 '107 107 54 Sale 107 Sale 10654 515, 104% 104% 106 1st & ref 5s series B _________ 2003 A O 103 56 D ec. 28 10656 D ec Sale” ~ 9954 D ec. 1 10056 D ec 1st & ref 456s series O _______2003 A O 1,096. I 95% 98 9954 Sale 100 59, N O & M ob ile 1st g 6s_...........1930 J J 1105 103 54 10456 103 54 Sale 10354 D ec. 31 103 56 D ec . 39, 2d gold 6s_________ .1930 J J 103% 105 10356 10456 10356 105 46, Paducah & M em D iv 4s____ 1946 F A 92 56 D ec. 11 93 54 D ec. 90% 91% 9254 9356 97, St Louis D iv 2d gold 3s______1980 M S 05% 6756 D ec. 20 6756 D ec. 67 54 6754 40, 100 M o b & M on tg 1st g 456s— 1945 M S 100 10056 10156 10054 D ec. 22 10054 D ec. 342, South R y join t M on on 4 s._19 5 2 J J 84% 8756 8854 8754 8754 8754 D ec. 27 8854 D ec. R egistered___________ July 1952 Q J Atl K n ox & Gin div g 4 s------ 1955 M N 357.000 90 93 56 9454 Sale 93 56 D ec. 3 9454 D ec. 9056 67.000 99 % 9956 9956 100 i100 D ec. Louis Cin & Lex div 6 456s--19 3 1 jM N 10056 9956 D ec. 11 100 12.000 1015 M ahon C oal R R 1st 5s.............. 1934'J J Manila R R South lines 4s____ 1939 M N 362.000 59 1st 4s------------------------1959 M N 113.000 64 M anito S W C oloniz g 5s______1934 J D 41.000 99 Vs M an G B & N W 1st gu 356S--1941 J J 8,000 81% 21.000 100% M ich C ent D et & B ay C ity 5s_1931 M S R egistered_________________ 1931 6 M 3.000 99% M ich A ir Line 4s___________ 1940 J J 31,000 92% R egistered______________________ J j 1.000 91 Jack L & S gold 356s...............1951 M S 5,000 78% 1st gold 3 5 6 s .- - ..................... .1952 M N 210.000 81 20-year debenture 4s________ 1929 A O 735.000 97% M idland o f N J 1st ext 5s______1940 A O 150.000 90 M L S & W est ext s f 5s_______1929 F A 102.000 1 00 % M il & N or 1st ext 456s (b lu e ).1934 J D 93% Cons ext 456 s (b row n )_______1934 J D 85,000 94% M il Spar & N W 1st gu 4s____1947 M S 260,000 885-6 M ilw & 8 L 1st gu 3 H s ..............1941 J J 82 56 M inn & St L 1st gold 7s............1927 J D 10,000 9956 1st cons gold 5s--------------------- 1934 M N 78.000 63 Tem p ctfs o f deposit______ _________ 97.000 60 1st & refund gold 4s_________ 1949 M S 499.000 2156 R e f & ext 5s series A ________1962 G F 141.000 15 1st guar g 7s-------------------------1927 J D 26.000 100 M St P & S S M 4s stp d ............1938 J J 1.440.000 8756 1st cons 5s__________________ 1938 J J 558.000 97 56 1st cons 5s g t d _______________1938 J J 1.220.000 10-yr coll tr g 656s---------------- 1931 M S 803.000 10356 1st & ref 6s series A _________ 1946 J J 271.000 9956 25-year g 556s----------------------------1949MS 429.000 8956 M S t P & 8 S M & Cent Term 1st C hic Term s f 4s_______1941 M N 1,000 9256 Mississippi C ent 1st 5s________ 1949 J J 40,000 93 M o Kan & Tex 1st g 4s________ 1990 J D 897.000 8456 M issouri-K ansas-Texas R R — Prior lien 5s series A _________ 1962 J J 3.483.000 40-year 4s series B ____________1962 J J 1.263.000 8056 10-year 6s series C ____________1932 J J 1.126.000 10356 Cum adjust 5s series A ___Jan l967 A O 21,435,000 9256 Missouri P acific R R C o— 1st & refund 5s series A ______1965 F A ,505,000 8954 1st & refund 6s series D ____ 1949 F A ,892,000 102 1st & refund 6s ser E in t______1955 M N ,470,000 102 General 4s______________________1975MS 17 , 66 56 M o Pac 3d 7s ext at 4 % . July 1938 M N 893,000 8756 M obile & Birm prior lien g 5s_.1945 J J 98 56 S m a ll__________________________J J 93 54 M ortgage gold 4s____________1945 J J 57.000 80 S m a ll_______________i __________ J J 12.000 76 56 M obile & Ohio 1st g 6s________1927 J D 160,000 101 56 1st extension g 6s______ July 1927 Q J 109.000 10156 General gold 4 s----------------------1938 M S 46.000 8954 M on tgom ery D iv 1st g 5s___ 1947 F A 106.000 98 St Louis D ivision 5s_________ 1927 J D 51.000 100 M ohaw k & M ai 1st gu g 4s___ 1991 M S 66.000 86 54 M on t Cent 1st gu g 6s________ 1937 J J 57.000 109 R egistered_____________________ J J 4,000 107 1st guar gold 5 s------ ----------- 1937 J J 20.000 10156 . M orris & Essex 1st gu 3 H s ____ 2000 J D 287.000 79 Nashville Chat * St L 1st 5S..1 92 8 A o 423.000 101 Nash Pla & Sheff 1st gu g 5 8 .-1 9 3 7 ^ A 48,000 101 56 National R y o f M ex ico— Prior lien 50-year s f 4 56s _ 1657; _ July 1914 cou pon o n __________ 'J j : Assent cash warr rects N o 3 on . . . 940,000!' 1 7 % [Vol .124. D ec. 7 103 D ec. 2 67 D ec. 10 7554 D ec. 9 10056 8554 Jan. 100 9856 7856 77 9856 9654 A ug. M a r. D ec. Feb. July F eb. 30 12 3 18 13 17 102 90 82 56 80 92 10056 102 9056 85 10556 8456 109 10056 9456 14 9056 97 8456 9756 94 85 9956 9956 8656 10256 9354 Jan. A ug. Jan. F eb. Jan. July A ug. F eb. A ug. Jan. Jan. F eb. Jan. F eb. Jan. A pr. Jan. Jan. M ar Jan. N ov A pr. Jan. M ar Jan. 27 105 26 99 4 87 54 19 83 4 99 16 10554 30105 1 9056 30 9056 5 110 2 87 56 13 109 54 28 101 26 97% 20 93 54 28 5 9156 5 100 9 100 20 9056 5 10054 7 10156 2, 90 % L105 54 4 9656 N ov. June June M ay July June O ct. F eb. Feb. A pr. Jan. M ay Sept. A ug. D e c. A pr. July D e c. June M ay June D ec. June June D ec. 18 24 21 15 2 2 6 1 25 24 16 27 14 27 14 28 27 1 7 25 8 15 26 26 4 100 56 105 10556 101 96 10356 103 56 9156 6556 98% 8556 O ct. N ov. A ug. N ov. Jan. N ov. Oct. Feb. F eb. Sept. Jan. F eb. " 2 1 104 10 10956 July 26 13 110 54 F eb. 17 F eb. 26 M a y 26 F eb. 8 June 7 16 104 8 9354 D ec. 14 June 17 26 68 3 10054 D e c. 22 June 4 4 89 8 10 17 16 21 85 9856 9656 8656 D ec. D ec. D ec. D ec. Jan. F eb. Feb. M ar. N ov. M ar. July M ar N ov. Jan. Jan. A ug. Jan. Jan. 13 5 23 19 1 103 67 7656 101 85 28 17 15 8 12 2 ‘ 6 101 9556 92 8056 86 98 56 96 10156 9356 Jan. 89 M a r. 6 8 D e c. June M ay July A p r. A p r. M ay A p r. N ov. F eb. N ov. Sent. June M ay 7 5 28 12 14 26 14 15 15 16 23 29 26 26 9956 O ct. 93 A u g. 6 4 Nov. 4 9856 N o v . Jan. Dec. 31 64 Dec. 27 63 54 F eb. M a r. Nov. 23 Nov. ' 6 % Jan. N ov. 100 Nov. 100 8556 Feb. 9156 A p r. 16 4 2 5 14 9 20 19 23 6 17 10 10154 6056 6256 100 8356 100 % 9956 89% 92 79 83 93 56 9056 10056 10156 D ec. 29 10156 D ec. 101 D ec. 10101 D ec. 9656 D ec. 4 9656 D ec. 8656 D e c. 13 87 15 108 54 12 10054 10 107 90 July 26 9454 D e c. 31 9954 Jan. 26 100 M a y 14 83 56 8556 8554 8656 8556 D ec. 14 8656 D ec. 9854 D ec. 27 9856 D ec. 9856 Sale 9856 Sale D ec. 29 96 D ec. 9456 9554 95 9554 96 10056 D ec. 8 10056 D ec. 10056 10056 101 101 9556 9656 9556 9656 9556 D ec. 3 9556 D ec. 95 9556 96 9556 96 D ec. 3 92 D ec. 8956 9156 9454 9154 9256 91 83 8356 9856 D ec. 9856 D ec. 10056 9854 '9954 9956 102 5356 D ec. 5656 D ec. 65 5656 58 5356 Sale 53 D ec. 54 5556 D ec. 6156 Sale Sale 18 D ec. 19 18 1856 D ec. 22 D ec. 13 1356 13 1356 D e c. 1356 13 17 100 9954 102 9854 99 54 8856 D ec. 8954 D ec. 8856 8856 8856 Sale 88 Sale 98 98 9856 97 56 D ec. 9856 D ec. Sale 98 D ec. 99 D e c. 9854 Sale 9854 Sale 10254 D ec. 103 54 10254 Sale 10156 Sale 10156 Sec. Sale 10056 10056 10054 D ec. 10154 D ec. 101 56 101 Sale 89 D ec. 89 9154 D ec. 9056 91 90 9656 9554 8656 9054 N o v . 16 July 19 103 Jan. 30 101 Jan. 21 8254 Jan. 4 SO Jan. 4 9954 Jan. 4 9754 8356 98 9156 95 _____ 95 96 8656 8756 Highest. P rices. | Sale Prices. M ar. 30 80% D e c. 31 Jan. 6 10-1 M ay 3 Jan. 7 103 1$ M a y 6 M ar. 5 107 56 N o v . 17 A pr. 1 86 D e c. 20 •Tune 11 8156 D e c. 10 D e c. 15 81 July 13 O ct. 20 98 Sept. 28 D ec. 21 6556 Feb. 9 Jan. 29 D ec. 14 65 A ug. 271 23 56 Feb. 26 A ug. 231 15 A ug. 23 Jan. 6 9256 D ec. 29 A pr. 3 101 A pr. 3 Jan. 5 87 June 25 N o v . 15 10154 Jan. 18 Feb. 25 10356 Jan. 29 Jan. 2 93 July 20 M a r . 3 102 56 M a y 4 M a r. 1 O ct. 25 76 Jan. 4 9956 D e c. 13 Jan. 8 8854 June 12 Jan. 25 92 O ct. 22 A p r. 28 9156 A ug. 13 6 102 98 5356 53 1754 12 97% 07% 10156 10054 88 % Sept. 9954 9954 06 105 9756 Oct. Dec. Dec. A ug. F eb. A p r. July N ov. Sept. 93 M a r. I 93 M a r. 1 93 A p r . 1 0156 O ct. 21 N o v . 17 8456 Jan. 11 88 D e c. 10156 Sale 10154 Sale Sale 8556 8554 8 54 Sale 81 103 54 102 56 Sale 10256 Sale 9656 Sale 9456 Sale Sale 101 8556 102 56 9456 D ec. D ec. D ec. D ec. 10256 8656 10356 97 D e c. D ec. D ec. D ec. 9654 8016 10156 9056 M a r. 4 Jan. 1 N o v . 17 M ar. 3i 103 8656 0454 97 June 21 July 17 Jan. 28 D e c. 9 Sale Sale Sale Sale 93 9854 106 10556 7356 9254 D ec. 1 100 D ec. 24 10654 D ec. 20 107 D ec. 1 77 D ec. 16 92 56 D e c. D ec. D ec. D ec. D ec. 8954 10154 10154 65 88 Jan. Jan. Jan. M a r. F eb. 100 10754 10754 77 93 M ay N ov. June D ec. June 12 19 23 18 3 7954 A pr. 9056 78 V c,„nt 87 D ec. 20 10154 D ec. 17 10054 D ec. 103 56 D ec. 29 10056 D e c. 6 10056 D ec. 101 10614 Jan. D ec. 22 9356 D ec. 14 90 95 56 9356 Sale D ec. 11 9 8 % O ct. 101 D ec. 1 100 101 100 99 56 Apr. 10056 100 56 90 D e c . 11 90 D e c. 11 87 92 Jan. 9856 10956 M ar. 11356 11356 11256 10914 109 54 O ct. 10354 D ec. 8 10354 D ec. 8 101 56 Jan. 10356 _____ 10254 105 103 10354 7956 D ec. 11 8154 D e c. 31 77% Aug. 8156 8054 79 54 _____ 8154 Sale D e c. 3 10056 O ct. 23 10156 10056 Sale 10056 10154 10056 D ec. 7 101 Sale 102 D ec. 17 10254 D e c. 8 10054 July 2 10356 10154 10356 102 103 103 M ay June July A pr. D ec. A pr. Jan. July M ay O ct. N ov. Feb. Jan. A u g. 22 4 19 22 14 7 29 1 26 5 19 9 25 13 Sale Sale Sale Sale 88 9854 10654 10656 7356 9256 10056 9454 86 82 7854 79 10056 10056 9256 101 9954 100 56 9956 8854 90 11256 112 18% 1556 87 8556 10154 1656 100 10654 10656 7656 92 56 10056 9454 8656 82 10054 10056 9256 10056 9956 9056 11056 Sale Sale Sale Sale 8754 85 56 Sale Sale 9556 1454 Sale 8654 D ec. 11 8654 D ec. 29 10054 10056 9256 9954 1456 D e c. 24 1554 D ec. 11 4 6 31 2 3 I 1456 D e c. 24 2256 June 23 stoca ; exch a n g e . National R y o f M ex ico (Concluded) Guar 70-year s f 4s__________ 1977 April 1914 coupon o f f __________ A Oi Assent warr receipt N o 3 on N a tR R Mex prior lien g 434S..1926 July 1914 coupon o n _____ July 1914 coupon o ff_____ Assent cash warr rect N o v 3 on First cons gold 4s____________1951 April 1914 coupon o n __________ April 1914 coupon o ff__________ Assenting cash warr rect N o 3 on Naugatuck R R 4 s______________ 1954 New England R R cons 5s______1945 Cons 48______________________ 1945 N J June R gu 1st 4s__________ 1986 N O * T Past ref 434s A _____ 1952 V New Orleans Term 1 st 4s______1953 N O T ex & M ex non cum inc 5s A '35 First 5s series B _____________ 1954 A First 534 s series A ___________ 1954 A Npt & Cin B gen gu g 434s_____1945 J N Y & Bklyn & M B cons g 58.1935 A Bid. 356,000 ” 19 227.000 3234 D ec. Ask. Bid. "2 1H 3334 Ask aid. R AN G E SIN CE J A N . 1. 31. Ask. Highest. 15 D ec. 16 Lowest. Sale Prices. Sale Prices. Sale Prices. 58.000 36^,000 22,005 68.000 4.000 36b,0U0 5 j.s ,000 2,018,000 3.146.000 2.963.000 115.000 36.000 246.000 137.000 51.000 73.000 7.473.000 6.742.000 3.649.000 317.000 26.000 289.000 153.000 691.000 4.344.000 1.836.000 3.551.000 2.653.000 Sale 116 9154 2234 D ec. 31 2434 D e c. 23 2234 D ec. 31 3534 June 21 1134 78 98 87 8534 1334 1234 D ec. 18 1234 D ec. 18 June 21 1834 June 8 21 18 ’4 Tuly 20 1854 July 20 1234 D ec. 18 2054 June 30 9934 89 8634 D ec. 22 9734 D e c. 107 Sale 8034 Sale 9634 Sale '§534 Sale" Sale 77 79 7954 7454 76 79 81 '7934 *8034 77 34 7954 93 34 9434 9534 Sale 9154 95 9534 9634 9634 10234 Sale 10254 Sale 10434 Sale 9854 Sale 10434 Sale 93 Sale 96 9634 103 10334 91 8854 98 95 34 10034 98 34 97 54 9234 10034 79 7934 100 9933 10 0 105 107 1005-6 Sale 90 % 92 6534 61 62 60 69 6834 6134 98 9654 61 10034 6934 63 34 63 34 8534 8454 9934 7934 63 6334 97 6934 7854 77 34 9634 10634 107 54 10654 91 91 148 9134 10234 87 34 8634 8534 <>134 5§ 87 87 10834 9954 99 10954 10034 10234 72 54 91 34 9054 102 10054 9054 10454 10454 10434 8354 9234 92 34 10034 9634 7634 8254 84 10054 9434 9154 9154 9834 94 34 103 10854 11154 10954 6,493,000 9854 9632 87 34 99 34 99 34 10454 96 101 86 Sale Sale Sale Sale Sale Sale 10734 108 8054 Sale 79 8034 9634 Sale 9354 9534 96 8634 9934 9934 10434 9654 101 1834 D e c . 3 107 D e c. 8954 D ec. 9734 D ec. 10534 D ec. 8034 D ec. 9554 D ec. 9454 D ec. 9534 D ec. 79 78 80 D ec. D ec. D ec. 9534 95 D ec. 96 34 102 34 10434 104 3 .1 9634 103 34 91 9834 1003/s 98 34 9934 8154 Sale Sale Sale Sale 96 3i Sale Sale 9634 10234 104 103 34 96 10334 9834 D ec. _____ 100 D ec. 8234 8034 D ec. 80 D ec. _1 0 1 3 4 _____ 106 Sale 106 ____ 10034 10034 10034 Sale 90 92 90 92 89 _ 90 ____ 1013s 106 10034 90 100 80 8834 99 54 8354 70 6034 64 34 99 Sale 79 Sale 88 54 7834 8834 98 10034 10534 10854 10634 Sale 9234 91 9134 9254 150 161 9154 93 10254 10534 94 88 Sale 9054 8934 Sale 6534 65 9454 "8734 9134 Sale 11254 10954 103 Sale Sale 10254 ____ 10934 ____ 10434 102 54 7354 7934 9234 9234 Sale 1C2 10134 Sale 100 _____ 9234 Sale 10734 10534 107 10534 Sale 73 54 8854 895-4 89 56 99 JS 8554 8734 75 7334 6754 7134 10054 98 Sale 7834 Sale 93 Sale 9134 10034 9934 10634 10834 10734 107 Saie 9334 93 9354 160 93 34 10534 9454 9434 Sale 9134 90 Sale 6554 67 96 93 54 Sale 7534 7234 7054 Sale . . . 8634 Sale 8934 ____ 9954 8934 8354 7334 Sale 65 72 ____ Sale 7834 Sale 8834 Sale 8834 10034 10034 1 10734 D ec. 22 10454 10634 9054 D ec. 8554 9834 D ec. 92 34 10534 D ec. 10134 10334 D ec. 16 76 34 3 82 7654 9634 D ec. 94 34 9454 D ec. 9434 9534 D ec. 92 34 94 8034 D ec. 7534 7834 D ec. 76 83 D ec. 78 77 17 9634 D ec. 2 2 j 9254 92 29 9634 D ec. 3 1 93 34 6 10254 D ec. 1 10234 10534 D ec. 20 9834 10434 D ec. 18 ! 9834 97 D ec. 22 i 92 105 D ec. 17, 1003S 89 34 31 9834 D ec. 31 98 10034 9854 101 D ec. 94 813s D ec. 79 34 80 D ec. 80 A pr. Jan. Jan. Jan. M ar A pr. Jan. Jan. Jan. Jan. S»pt N ov Jan. Mar. M ar, F eb. Mar, F eb. Feb. A ug. Jan. M ar Feb. M ar Feb. Sept Jan. M ar Jan. 16 28 4 7 3 10 A ug. 2 Jan. 28 D ec. 17 N o v . 18 N o v . 12 A u g . 18 D ec. 17 M ay 8 N o v . 20 9634 8834 10034 10034 10534 9634 101 102 106 10054 90 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 15 9954 D ec. 1 106 D ec. 31 10054 D ec. 10 90 88 D ec. 11 D ec. 7154 D ec. D ec. 6934 D ec. D ec. 7734 D ec. 78 D ec. D ec. D ec. 3 70 D ec. D ec. 17 10534 D ec. D ec. 10 10334 D ec. D ec. 3 10334 D ec. D ec. 9 7034 D ec. 14 D ec. 11 89 D ec. 11 D ec D e c. D ec. D ec. D ec. D ec. D ec. D e c. D ec. 1 15 1 13 22 18 7734 7234 73 54 8634 8954 9954 6 87 34 20 7334 3 7234 D ec. 18 7954 D ec. 2 93 D ec. 1 9234 D ec. 20 10C 34 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 17 15 31 13 15 18 23 20 29 D ec. 8 D ec. 31 D ec. 24 D ec. 16 Sale _____ 9 3 34 10554 9434 Sale 9254 161 93 10534 94 9054 90 6534 65 9434 Sale Sale 10334 Sale Sale 103 10954 110 105 10534 10254 8034 8134 8234 9234 9234 10234 102 10234 10234 10134 10234 Sale 100 Sale Sale 9234 Sale 108 Sale Sale 10834 108 Sale 98 34 Sale Sale 8634 Sale D ec. 2 9354 D ec. D ec. 18 16234 D ec. D ec. 11 9334 D ec. D ec. 10534 D ec. D ec. 9434 D ec. D ec. 9134 D ec. D ec. 9034 D ec. D ec. 6634 D ec. D ec. 65 D ec. D ec. 9654 D ec. 10134 10034 9234 108 108 9834 87 34 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 93 9154 D ec. D ec. 9454 93 10234 10234 D ec. 9754 D ec. 98 Sale 8434 D ec. Sale 93 54 D ec. 93 D ec. Sale Sale 10154 D ec. 9334 94 10254 9834 8734 9654 9554 10234 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. Sale Sale Sale Sale Sale 10234 Sale 9434 9454 10154 99 10654 10634 11134 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 9554 95 10254 9934 108 10754 2 11254 102 D e c. 1 10234 D ec. 3 13 12 5 25 10 9 4 30 2 97 9454 80 34 7834 84 80 9634 93y 4 9754 105 10554 10554 97 105 9154 98 34 10054 99 101 8134 80 3 27 14 29 17 17 12 21 30 ^ept. 10 Apr. N ov. N ov. D ec. M ay Apr. D ec. M ay Feb. Jan. D ec. N ov. D ec. D ec. Oct. D ec. M ar. M ay D ec. D ec. D ec. 26 3 30 13 24 23 22 5 15 21 20 18 22 17 22 31 8 7 14 17 17 . . . I ______ Jan. Jan. A ug. M ar. M ar. Jan. M ar. Jan. A pr. Tan. N ov. '4 ar 7234 D ec. 6234 A pr. 8634 D ec. 8 6 H Mar. 9954 N ov, 77 5S M ar Jan. 64 Jan. 63 9754 A pr. 6954 Jan. 7734 A pr. 7754 Jan. Jan. 98 10534 N ov. 10834 O ct. 10634 O ct. 9034 Jan. 89 Feb. 9034 Jan. M ar. 138 91 M ar. 10054 M ar. 88 Jan. 8634 Jan. 86 Feb. 6154 Jan. Jan. 60 87 Jan. 78 D e c. 11 76 4 June 30 Sept. 11 D ec. 15 D ec. 15 A ug. 17 D ec. 3 D ec. 10 D ec. 16 D ec. 14 Sept. 27 June 12 D ec. 17 D ec. 15 D ec. 31 N o v . 12 D ec. 15 Apr. 1 June 23 D ec. 20 F eb. 19 F eb. 1 D ec. 8 D ec. 31 D ec. 24 July 13 Sept. 29 A pr. 26 June 1 T v 23 ’il A p r. 19 A ug. 2 O ct. 26 N ov. 5 D ec. 2 M a y 19 D ec. 17 D ec. 14 N o v . 18 N o v . 30 D ec. 17 70 3i.- 77 34 78 74 4 10554 5 10334 4 10334 lj 7034 16 8954 30 10054 31 7734 15 7234 3 7354 13 8834 25l 8954 29 10054 89 34 7334 7434 99 7954 93 9234 .J 1 0 1 18 108 2L110 25 10754 14i 93 H 25 9234 4 ! 9434 30 167 5 9434 27 10534 9734 9134 9034 6634 6534 9654 Jan. M ar. Jan. Jan. Feb. Jan. Sept. Jan. 11434 11034 104 103 34 11034 10534 103 34 82 A pr. M ar. June June O ct. A pr. June M ay 26 100 T Feb. 4 10054 O ct. 100 Oct. 89 34 M ar. 104 34 Jan. 10534 Feb. 9634 Jan. 8354 Jan. 10254 10234 10134 9234 108 108 98 7 -4 88 June M ay Jan. A pr. A ug. Sept. July M ay 16 20 19 30 24 18 15 28 103 D ec. 10254 D ec. 10954 D ec. 10134 100 92 34 10654 107 98 8634 24 109 106 34 9054 9834 106 KM54 82 8054 9654 94 -4 22 Jan. 15 102 A p r. 29 D ec. 1 106 34 M a y 22 Jan. 2 101 34 Jan. 21 M ar 36 9054 O ct. 5 June 1 1 9154 O ct. 5 6234 6154 66 54 6754 61 9754 96 9634 58 84 54 9934 3 113 34 D ec. 14 108 34 11034 104 D ec. 98 34 10234 D ec. ■9834 10954 D ec. 10954 10134 10234 7934~Dec~.~I6 ~82~~~jSec.~27 73 2 19 4 19 3 5 31 3 14 15 29 25 Apr. 14 D ec. 17 7034 Jan. 11254 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. §5 10154 9934 10754 10654 112 luly D e c. Apr. June O ct. Apr. A pr. A pr. O ct. A p r. 10834 D ec. 29,10854 D ec 28 10734 D ec. 6,10734 D ec 6 9254 D ec. 3 9334 D ec . 16 11234 Sale 9134 9354 10234 9734 8734 9654 9554 10234 26 10014 4 9734 17 i 85 * 4! 9754 5' 8834 7 10054 4 10034 6 10534 15 97 22 102 3 HO ____ Sale Sale Sale 110 105 93 34 94 9354 9434 10254 Sale 97 97 34 9834 Sale 8454 Sale Sale 9354 Sale Sale Sale 93 10134 10154 102 95 94 94 9454 9154 Sale 10154 Sale Sale 9934 Sale Sale 10634 Sale Sale 10654 Sale 112 Sale Sale 1 1 1 3 4 _____ Sale 10234 S ile 95 7634 Sale 7054 Sale M ar. Jan. Sept. Jan. Jan. Jan. Jan. Jan. Jan. A pr. 7734 D ec. 24 78 7754 6854 7234 6934 7034 67 78 7554 77 7554 7634 78 67 6934 Sale Sale 104 34 106 10334 9734 10254 Sale 10354 Sale 102 6234 6854 6954 6934 69 34 68 8834 8934 8834 8934 89 7534 Sale D ec. D ec. D ec. D ec. D ec. D ec. 15 9534 81 843 4 9234 84 96 34 96 10234 94 34 9934 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 80 Sale 7834 Sale 7934 8034 10 1 -------7534 773-8 .......... 65 6834 62 66 Vs 6734 Sale 7554 Sale Sale 6854 76 6154 6634 67 Vs Sale 10554 Sale 64 34 8534 8534 June 21 2234 Sale 28 8934 Sale 9034 Sale 9734 9834 9834 Sale 93 34 10534 Sale 10534 Sale Sale 9234 D ec. 16 27 24 1634 86 7634 Sale 77 34 Sale 9434 Sale Highest. Sale Prices. 1434 1534 1634 1234 14 75 77 34 97 34 101 94 34 " 9 8 " 8034 83 34 8534 Sale 9234 9254 96 Sale 83 34 83 54 88 9934 100 9634 97 10034 Sale 9634 Sale 101 H 10254 10434 Sale 9354 9634 9634 100 10034 10734 105 8554 93 10154 | 1834 Sale 2,000 510.000 N Y C ent R R con v deb 6 s ____ 1935 M N 51.000 R egistered____ _________________ M N Consol 4s series A ____________ 1998 F A 1.401.000 R ef & im pt 4 348 series A ____ 2013 A O 2.200.000 R ef & Impt 5s series O _______ 2013 A O 5.541.000 3 /o ,000 R egistered ____________________ :AO N Y C & H R g m tge 334s_____1997 J J 1.830.000 111.000 R egistered _________________1997 J J Debenture gold 4s___________1934 M N 1.946.000 5.000 R egistered ______________________M N 321.000 30-year deb 4s o f 1912..........1942 J J Registered _____________ !JJ 31.000 618 .000 Lake Shore coll g 334 s _______1998 F Aj 64.000 R egistered ________ 1998 F A 250.000 Mich Cent c o l l g 334s_______ 1998 F Aj 26.000 Registered _____________1998 F A 326.000 If Y Chic & St Louis 1st g 4 s .-.1 9 3 7 A O 10.000 Registered______________________ A O 70/.OO0 25-year debenture 4s________ 1931 M N 2d & im pt 6 s A B & O . ........... 1931 M N 1.453.000 Refunding 534s Series A _____1974 A O 4 ,/4 9 ,0 0 0 Refunding 534 s Series B ____ 1975 ____ I 3.004.000 662.000 N Y Connecting 1st gu 4 Vis A . 1953 F A 273.OO0 1st gtd 5s ser B tem p ________ 1953 F Aj 14.000 N Y & Erie 1st ext g 4s________ 1947 M N| 1 .0 0 0 3d ext gold 4 34s........................ 1923 M S ! .. AO 31.000 4th ext gold .5s_______________ 1930 1,000 5th ext gold 4s_______________ 1928 J D 70.000 N Y & Greenw L guar g 5s____ 1947 M N 24,000, N Y & Harlem g 334s__________ 2000 M N R egistered___________________ 2000 M N N Y Lack & W est 1st 5s A ____ 1973 M N 2 1 ,0 0 0 1st & ref guar 434s Ser B ____ 1973 M N , y.ooq N Y Lake Erie & W est ext 7 s. .1930 M S 149,000 N Y & Jersey 1st 5s____________1932 F A 2,000 N Y & Long Branch gen 4s___1941 M S 4,000 N Y & N E B oston Ter 1st 4s__1939 A O N Y N ew Haven & Hartford— 13.000 N on-con v debenture 4s_____ 1947 2,UU0 R egistered _____________________ 37.UU0 N on-conv debenture 314s___ 1947 275,UU0 NOD-^pv or f ___ .. .1 9 5 4 4/6 ,0 0 0 N on-con v debenture 4V H I 11955 Si^y.ooO N on-con v debenture 4s_____ 1956 M N 578.000 Oonvei-utile u tw u iu rt 1956 J J Convertible debenture 6 s ____1948 J J 4.123.000 138.000 R egistered_____________________ J J Collateral trust 6 s ___________ 1940 A O 4.790.000 Debenture 4s________________ 1957 M N 1.108.000 148.000 Harlem R & Pt Ches 1st 4s_ 1954 M N lij,ouO N Y & N orthern 1st g 5s_____ 1927 A O N Y Ont & W est 1st g 4 s. June 1992 M S 1.308.000 o.OOU Reg $5,000 o n ly ______ June 1992 M S General 4s___________________1955 J D 1.040.000 8,000 N Y P rov & B oston gen 4s____1942 A O 2 0 .0 0 0 N Y & Putnam 1st con gu g 4 s. 1998 A O 3 / ,000 N Y & R ockaw ay B ch 1st g 5s. 1927 M S 514.000 N Y Susq & W est 1st ref g 5 s ..1937 J J 8 1 .000 Second gold 434s_____________1937 F A 409,OOu General gold 5s______________ 1940 F A 01.000 Terminal 1st gold 5s_________ 1943 M N N Y W estches & Bos 1st 4 3 4 s ..1946 J J 3.712.000 5.049.000 Nord Rys extl s f 634s________ 1950 A O N orfolk South 1st & ref 5s A . .1961 F A 2.398.000 13 1 ,000 N orfolk & South 1st g 5s______ 1941 M N 7 / ,000 N orfolk & W estern gen g 6s ___1931 M N 28.000 Im provem ent & ext g 6 s ____1934 F A 32.000 New R iver 1st gold 6 s______ 1932 A O N orf & W est R y 1st con g 4 s . 1996 A O 1.250.000 5,000 R egistered________________ 1996 A O 963.000 D iv 1 st & gen g 4s________ 1944 J J 581.000 10-year convertible 6 s ____ 1929 M S 3 6 /,000 Pocahontas O & C join t 4 s. 1941 .7 D 82.000 North C ent gen & ref 5s A ____1974 M S 230,090 Northern Ohio 1st gu g 5s_____ 1945 2,6Si 000 Northern Pacific prior lien 4 s . .1997 100.000 R egistered___________________ 1997 2 .0 0 1.000 Gen lien ry & Id gt 3 s ..J a n 2047 2o,000 R egistered____________Jan 2047 852,000 R ef & im pt 434s Series A ___2047 R egistered_____________________ 4,315,000 R ef & im pt 6 s Series B _____ 2047 10.000 R egistered_____________________ 8 2 a ,000 Ref & im pt 5s Series C ______ 2047 998.000 R ef & im pt 5s Series D ______2047 197.000 North Pac Term inal 1st 6 s ____ 1933 12.000 Northern R y o f C alif gu 5s____ 1938 49,000 North Wisconsin 1st 6 s ________ 1930 427.000 Ogden & Lake Ch 1st gu g 4 s . . 1948 Ohio C onnecting R y 1st 4s____ 1943 Ohio Ind & W 1st pref 5 s. .A p r 1938 26.000 Ohio River R R 1st g 5s________ 1936 35.000 General gold 5s______________ 1937 612,000 Oregon & C alif 1st gu g 5s_____ 1927 444.000 Oregon R R & N av con g 4s____ 1946 289.000 Oregon Short Line 1st con g 5 s. 1946 228.000 Guaranteed con 5s__________ 1946 4.225.000 Guar refunding gold 4s______1929 2.523.000 Oregon-Wash 1st & ref 4s______1961 D Pacific C oast Co 1st g 5s______ 1946 Pacific R R o f M o 1st ext 4s___1938 A 2d extended gold 5s_________1938 J Paducah & Illinois 1st s f 4 348.-1955 J Paris-Lyons-M ed R R 6 s ______ 1958iF A Sink fund extl 7s____________ 1958 M S Paris-Orleans R R s f 7s_______ 1954'M S Paulista R y 1st & ref 7s______ 1942 M S Penn R R consol gold 4s________1943 M N Consol gold 4s______________ 1948 M N Stamped dollar bonds____ 1948 M N Consol 434s issue o f 1915— 1960 F A Genera] 4 34s Series A _______ 1965 J D General 5s Series B __________1968 J D 10 -year secured 7s__________1930 A O 15-year secured 634 s _______ 1936 F A R eg istered _____________________ F A 40-year 5s _______________1964 M N P R IC E S I N D E C E M B E R . Price Jan. 2 1926. BONDS N. Y . 17 BONDS—STOCK EXCHANGE RECORD Ja n . 1927.] , 6 7 5 13 17 15 26 96 Jan. 14 9154 M ar. A pr. 9454 N o v . 19 Feb. 10254 D ec. 1 96 34 M ar. 9834 M a y 10 M ar. 8734 D ec. 31 A pr. 9654 D ec. 31 A pr. 9534 D ec. 31 10054 M a y ,103 34 Oct. 18 94 Feb. 16 9554 N o v . 17 9134 Jan. 8 9954 M ar. 4 91 34 Jan. 111 98 l4 Aug. 24 9834 Jan. 2 10254 D ec. 31 94 34 Jan. 2 100 N o v . 29 10256 Jan. 2 108 D ec. 21 10634 N o v . 3 10854 Jan. 2 1 1 1 ■ Jan. /* 5 11334 A pr. 30 11134 Oct. 23 112 34 M ay 10 27 9854 Jan. 2 10254 A p r. 23 9134 100 8* 18 BONDS- STOCK EXCHANGE RECORD BONDS N. T . S T O C K E X C H A N G E . Sales in 1926. (12 Mbs.) P rice Jan . 2 1926. B id. 1.000 21,000 San A nt & Aran Pass 1st gu 4 s. 1943 J J Santa Fe Presc & Phenix 1st 5 s. 1942 M S Bst-v Fla & W est 1st g 6 s ______ 1934 A O 1st g 5s______________________ 1934 A O Sclo Vail & N E 1st gu g 4s____ 1989 M N 8eaboard Air Line g 4s_________ 1950 A O S tam ped_____________________ 1950 A O Adjustm ent 5s___________O ct 1949 F A R efunding g 4s______________ 1959 A O 1st & cons 6s series A ________ 1945 M S A tlan-B irm D iv 4s____ M a y 1933 M S Seaboard-All Fla 1st 5s A ___i.1 9 3 5 F A Seaboard & Roanoke 1st 5s extd 1931 J J So C aro & Ga 1st ext 534s______1929 M N South & N or Ala gu 5s_________ 1936 F A Gen cons gu 50-year 5s____ 1963 A O Southern Pacific C o— 4s g Central Pac co ll____ Aug 1949 J D Registered_____________________ J D C onvertible 4s_________ June 1929 M S C onvertible 5 s______________ 1934 J D 20-year gold 5s______________ 1 9 1 1 M N San Francisco T erm 1st 4s___1950 A O R egistered_________________ 1950 A O So Pac o f C alif 1st cons 5s______1937 M N South Pac C oast g u 4 s _________ 1937 J J South Pac R R 1st ref gu 4s____ 1955 J J Southern R y 1st cons 5s_______1994 J J R egistered___________________ 1994 J J D evel & gen 4s series A ______1956 A O D evel & gen 6s______________ 1956 A O D evel & gen 634s series A ___1956 A O M em phis D iv 1st g 5s_______1996 J J St Louis D iv 1st g 4s________ 1951 J J East Tenn reorg Hen g 5s___1938 M S M ob ile & Ohio coll tr 4s____ 1938 M S Spokane Internat 1st g 5s_____ 1955 J J 3iaten Island R y 1st 4 348______1943 J D Sunbury & Lewis 1st g 4s_______1936 J J Superior S L 1st 5s_______ June 1930 M S Term Assn o f St L 1st g 434s___1939 A O First cons g 5s_______________ 1944 F A Gen ref s f gold 4s___________ 1953 J J Texarkana & F S R y534s ser A1950 F A 862,000| 79.000 8334 99 12.000 10934 63.666 108.000 1.473.000 6.509.000 4.800.000 9.591.000 1.391.000 4.290.000 81,000 156.000 28.000 198.000 10134 87 34 7834 79 87 34 7134 9534 8834 100 10134 10234 10534 PRICES I N DECEM BER. D ec. 1. A s k . B id. Pennsylvania C o — Guar 334s coll tr reg ctfs ___1937 M S 2,000 8634 Guar 334s coll tr ctfs B _____ 1941 F A 26,000 82 34 8334 Guar g 3 34 s tr ctfs Series C ..1 9 4 2 J D 3.000 8134 Guar g 334s tr ctfs Series D __ 1994 J D 24.000 8134 Guar gold 15-25-year 4s____ 1931 A O 644.000 9634 9634 40-year guar tr ctfs 4s Ser E . 1952 M N 87 143.000 86 Peoria & East 1st cons 4s_____ 1940 A O 589.000 7934 79)4 Incom e 4s____________________ 1990 A n r 1,681,000 37 37 34 Peoria & Pekin Un 1st 534s A _1974 P A 575.000 9934 10034 Pere M arq 1st 5s Series A _____ 1956 J J 1.479.000 10 1 10134 1st 48 Series B _______________ 1956 J J 370.000 8534 86 Phlla B alt & Wash 1st g 4s____ 1943 M N 30.000 9234 93 General 5s Series B __________ 1974 F A 295.000 106 10634 Philippine R y 1st 30-yr s f 4 s . .1937 J J 397.000 42 42 34 Pine Creek registered gu 6s____ 1932 J D 106 108 P C C & St L g u g4 3 4 s Series A . 1940 A O 54.000 9634 9634 Con 434s Series B gu ar_____ 1942 A O 70.000 9634 C on 4 H s Series C gu ar_____ 1942,M N 26.000 9534 Con 4s Series D gu ar________ 1945 M N 24.000 92 34 Con 334s Series E guar g____ 1949jF A 16.000 92 Con 4s Series F guar g ______ 1953 J D 16,000 92 92 34 C on 4s 8erles G gu ar________1957 M N 27.000 92 34 Con 4s Series H gu ar________1960 F A 16.000 9234 Con 4 34s Series I guar______ 1963IF A 34.000 95 34 99 Con 4 34s Series J gu ar______ 1964 M N 203.000 95 Gen 5s series A ______________1970 J D 615.000 10134 R egistered -------------------------------- J D 3.000 General g 5s ser B ____________1975 A O 3.328.000 9934 Sale Pitts & Lake Erie 2d 5s___Jan 1928 A O 10 1 23.000 Pitts M c K & Y ou gh 1st gu 6s__ 1932 J J 5.000 10534 2d guar 6s___________________ 1934 J J 103 Pitts Shen & L E 1st g 5s_____ 1940 A O 9.000 10034 First consol gold 5s_________ 1943 J J 5.000 9834 Pitts Va & Char 1st guar 4s___1943 M N 88)4 Pitts Y & Ash 1st con 5 s ........... 1927 M N 23.000 99)4 1st gen 4s series A ___________ 1948 J D 16.000 9034 93 1st gen 5s series B ___________ 1962 F A 52.000 10234 Providence Securities deb 4s___1957 M S 18.000 61 Providence Terminal 1st 4s____ 1956 M 8 1,000 8434 _____ Beading C o gen gold 4s________ 1997 J J 25,000 9534 Sale R egistered___________________ 1997 J J Jersey Central coll g 4s_____ 1951 A O 375.000 90 9034 Gen & ref 434s______________ 1997 J J ,837,000 9434 Sale Rensselaer & Saratoga 6s______ 1941 M N Rlchm & D anv deb 5s sta m p ed. 1927 A O 62,000 9934 10034 Rlchm & M ecklenburg 1st 4s___1948 M N 4,000 73 34 79 R ichm ond Term inal R y 1st 5 s. 1952 J J 10.001 10034 10234 R io Grande June 1st gu g 5s___1939 J D 117.000 9534 R io Grande Southern 1st g 4 s .. 1940 J J 5 Guaranteed (Jan 1922 cou p on) -40 J J 5 Hlo Grande Western 1st g 4 s . . 1939 J J 898.000 8434 8734 1st con & coll trust 4s series A 1949 A O ,271,000 7434 7434 R ock Isl'd Ark & Loui 1st 434s. 1934 M S ,829,000 89 8934 Rutland-Canada 1st gu g 4s___1949 J J 94.000 7534 7534 Rutland 1st cons g 434 s ________10411J J 45.000 86 8734 St Jos & Grand Island 1st g 4s_.1947IJ J 241.000 77 79 St Lawr & Adirondack 1st g 5s. 1996 J J 44.000 9534 2d gold 6 s................................. .1996 A O 2,000 101 10334 St Louis & Cairo gu g 4s______ 1931, J J 70.000 9534 96 St Louis Iron M tn & South— Gen con ry & land grant 5 s ..l 9 3 1 'A O 712.000 10034 Sale U nif & ref gold 4 s ....................1929 J J ,995,000 9534 Sale R eg istered _____________________ !J J R iver & G u lf D iv 1st g 4 s. ..1 9 3 3 M N , 201.000 8934 Sale St Louis M er B dge Ter gu g 5s_1930 A O 439.000 St Louis-San Fran R y — Prior lien 4s series A _________ 1950 J J Sale ,434,000 78 R eg istered _____________________ J J 135.000 Prior lien 5s series B _________ 1950 J J ,802.000 93 34 Sale Sale Prior lien 6s series C _________ 1928 J J ,773,000 103 Prior lien 534 s series D ______ 1942 J J 494.000 9934 Sale Sale C um adj 6s series A ____ July 1955 A O ,626,000 93 Incom e 6s series A _____ July 1960, Oct ,713,000 87 34 Sale St L & San Fran R y gen g 6 s . .1931 J J 56.000 104 34 10534 General gold 5 s______________ 1931 J J 112.000 10034 10034 St Louis Peoria & N W 1st gu 5s 1948 J J 328.000 102 10234 St Louis Southern 1st gu g 4s__1931 M S 105.000 9334 St Louis Southwest 1st g 4s____1989 M N 735.000 8434 Sale 2d gold 4s incom e b o n d .N o v 1989 J J 312.000 7434 75 Sale Consol gold 4s_______________ 1932 J D 965.000 92 1st terminal & unif 5s________ 1952 J J 399.000 8934 89 34 St Paul & K C Sh L 1st 4 3 4 s . . . 1941 F A 061.000 86 34 8634 St Paul & Duluth 1st 5s______ 1931 F A 1 5.000 10034 1st consol gold 4s___________ 1968 J D 55.000 84 34 8534 St Paul E Grand Trunk 4 3 4 s..1947 J J 5,000| 90 St Paul M inn & M an cons 4s__1933 J J 39.000 9534 '9634 R egistered _____________________ J J 1st consol gold 6s___________ 1933 J J 41.000 10734 10834 R egistered_____________________ J J 6,0001 6s reduced to gold 434s_____ 1933 J T 166" 183.000 99 R eg istered _____________________J J 20 , 000 | M ontana E xt 1st gold 4s____ 1937 J D 82.000 9334 95 R egistered_____________________ J D 15.000 Pacific E xt sterling gu 4s 1940 J J 28.000 8t Paul U nion D ep ot 1st 5s 1913 J J 363.000 10134 10234 85 8534 84 34 8434 9734 8834 85 4034 103 103 34 88 34 9434 110 4234 10634 9934 9934 9934 9434 9534 9434 9434 9534 97 34 9634 10634 11.000 26.000 5.000 6.168.000 2.850.000 39.000 7.485.000 2.209.000 3.425.000 206,000 154.000 9.000 457.000 189.000 5.000 89.000 193.000 549.000 1,148.000 82 Sale 10834 Sale 112 Sale 1 0 1 5 4 _____ 85 85 8534 8434 9734 8934 Sale 4034 S ale" 88 34 9514 11034 Sale 10734 9734 97 34 9734 Sale A sk. 89 Highest. Lowest. Highest. Sale P ric es. Sale Prices- Sale P rices. Sale P ric es Sept. 11 87 Jan. 27 87 June 14 8434 M a r. 15 85 8434 D e c. Jan. 5 9734 9734 D e c. Jan. 6 8934 8934 D e c. Jan. 5! 8734 8534 D ec. 4234 D e c. M a r. 3 4234 Jan. 25 104 10334 D ec. Jan. 4 10434 103 34 D ec. Jan. 51 8934 8934 D e c. 94)4 D e c. Sept. 3' 9534 Jan. 7 11034 D e c. Anu; ■Tan. 22 11134 4234 D e c. 45 10634 D e c. 10634 D ec. 6 10634 y > Jan. 26 10034 t> "8 965,4 Jan. 5 9934 4 100 D e c. 4 9734 N o v . 6 100 98 9334 M a y 92 34 Jan. 9534 10 9734 D e c .10 9234 F eb. 9734 93 , F eb. 9734 9734 97 34 Sept. 9834 D e c. 9834 9534 Jan. Jan. 96 9834 100 107 34'Dec'. Jan. 7 108 102. Oct. 8 102 107 34'D e c. 18 09 3 Jan. 5 108 4 100 N o v . 6 101 Oct. 22 106 106 8534 D e c. 28 8434 9734 8834 8534 85 4234 4034 Sale 101 Sale 10334 Sale 8834 9434 Sale 110 Sale 4134 10734 10634 9834 8534 42 10314 103 34 8934 95 34 11034 42 10634 9934 9934 100 9934 9534 9534 96 9734 9534 9534 99 34 9834 9934 10634 Sale ! 10634 D e c. D ec. D e c. D e c. D e c. D ec. D e c. D ec. D e c. D ec. D e c. D ec. D e c. D e c. D e c. D e c. 8634 D e c . 27 87 83 84 82 9634 8634 7934 35 10034 10134 8534 93 34 10634 9134 9234 97 34 Sale 109 ! 9934 100 ! 7934 101 h 10234 10034 Sale 534 12 5 ! 9134 Sale 8334 Sale ; 9434 Sale ! 7834 7934 ! 91 9134 8634 Sale 9834 10534 9534 Sale 9234 98)4 10934 99 34 79 34 102 10034 7 7 9134 84 9434 8134 9034 8734 97 34 10534 9634 10034 Sale 97 34 Sale D ec. 92 34 92 Sale 9734 D ec. 93 D ec. 9834 D e c. 10034 D ec. 9734 D ec. 9334 D ec. 100 D ec. 89 8434 Sale 8434 Sale 8434 D ec. Sale 10234 Sale Sale Sale 10534 Sale 10534 10034 10134 10234 99 9534 105 10034 10334 96 Sale 8634 8034 8034 94 Sale Sale 9634 Sale 9234 10134 92 91 94 98 97 Sale Sale Sale Sale Sale 10534 10134 105 97 86 34 82 Sale 97 Sale 9234 98 98 8434 D e c . 9934 10134 10134 9834 9434 105 10034 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 10034 10234 10234 9934 9634 10534 10034 D ec. D ec. D e c. D e c. D ec. D ec. D ec. 8 6 34 8034 94 96 9234 D ec. D ec. D ec. D ec. D ec. 87 82 95 9634 9334 D ec. D e c. D e c. D ec. D ec. 91 D ec. 91 D ec. 9634 D ec. 14 98 D e c. 10734 10834 10734 10834 108 D ec. 95 9 6 " '9534 '9 6 ' 9 5 " 'D ec'. 91 105 9034 ____ 10534 106 86 113 11934 10634 90 34 10034 9134 81 8334 84 34 8234 80 -------9234 9 1 3 4 -------99 34 _____ 100 9634 9734 9834 10134 Sale 102 34 8434 8534 87 10334 8834 9834 102)4 101)4 9034 10734 107 99 9734 93 9234 8934 101 34 9534 D ec. 8934 D e c. 10234 D e c. 104 9234 8034 8034 Sale Sale Sale Sale Sale 10034 111 8834 Sale Sale Sale Sale 9034 81 8034 8334 7334 9734 91 9734 9034 D ec. 80 D ec. 80)4 D ec. 80)2 D ec. 7234 D ec. 96 D ec. 9034 D ec. 95 D ec. D ec. D ec. D ec. D e c. D ec. D ec. D e c. D e c. 101 D e c. 27 10134 D e c . 110 D ec. 10 111 88 34 D e c. 9834 101 10034 90 86 6 86 D e c. 1 Sale Sale 11234 D e c. 11 Sale 11834 D ec. 4 10634 106)4 D e c. 30 8934 D e c. 30 90 103 92 D ec. 31 Sale 8434 84)4 D e c. 10 — — 9834 9934 9834 102)4 102 34 87 34 Sale 8734 88 Sale 10334 Sale 10334 D e c. 10034 80 10234 101 34 734 A ug. M ay A ufc. July D e c. 15 28 17 13 24 9234 85 9534 8334 92 8934 9934 10534 9634 A u g . 31 June 14 D e c . 18 M a y 21 June 26 D e c. 22 M a y 22 D e c. 17 Jan. 25 D ec. D ec. D ec. D ec. D ec. D e c. D ec. D e c. D e c. D e c. 93 D e c. 8534 D ec. D e c. 2 8 f 9834 D e c. 9 10234 D ec. 2 88 D ec. 2 10434 A pr. 22 6 94 17 100 34 Sept. M a r. July A ug. M a r. M ay Sept. Jan. 10 21 16 1 14 A pr. M ay M a r. Jan. Sept. 7 30 30 23 9 10 20 28 D e c. 10234 A p r. 110 Jan. 10234 O ct. 9034 D e c. F eb. 82 Jan. 82 87 34 Jan. July 76 9734 D e c. M ay 94 9834 F eb . 10034 A u g. M ay 102 10434 M a y D ec. 111 27 9 23 14 3 3 23 2 10 24 8 11 16 21 22 28 9034 85 34 9934 10234 10134 91 86 104 34 95 34 9834 108 10634 8734 114 11934 10634 91 101 93 8734 8534 M ar. 8434 N o v . 9634 Jan. 100 Jan. 9934 M a r. 87 "Jan. Jan. 85 10034 Sept. 9434 Jan. Jan. 90 104 Jan. 10134 M a r. 8134 Jan. 10734 Jan. Jan. 112 10134 Jan. 86 A pr. 99X4 Jan 8734 Jan. F eb. 81 9914 D e c . 6 6534 D e c. 9 101 D e c. 10 8434 D e c. 4 101 34 M ay A u g. N ov. A p r. Jan. N ov. D ec. D ec. 10934 108 10034 99 9534 9434 9034 8 10634 30 26 28 30 31 5 2 Jan. 84 10034 Jan. Sept. 10234 O ct. 87 Jan. 7834 M ar. 7834 M a r. M a r. 76 6934 M ar. M a r. 91 8834 Jan. 92 34 M ar. 9934 June A ug. 7 101 10234 Sept. 28 10534 Jan. 9334 D ec. 107 34 D ec. 8734 114 11934 10634 9034 Jan. 108 8834 D e c . 11 D e c. 11 9934 D ec. 29 102 34 10034 D ec. D ec. 9034 86 D e c. 10434 _____ 9434 93 34 D e c. 93 34 Sale 10634 Sale 10634 D ec. 8634 113)4 119 10634 8934 102 10134 92 93 8534 8434 8234 92 34 9934 June 29 95 9834 June 11 N o v . 18 7734 Jan. A 85 June 12 A pr. 9 84 80 93 Jan. A 10034 D e c. 31 Jan. 2 10134 D ec. 29 103 99 34 Jan. 8 10334 A p r. 9 99 34 N o v . 26 92 34 M ar. 9634 D e c. 10 84 34 M ar. M ar. 101 10634 Sept. 28 10134 A p r. 27 10034 F eb. June 16 104 102 34 Jan. 9734 M a y 28 9434 A pr. M a y 13 88 8434 Jan. M a y 12 82 Jan. 75 A pr. 22 95 9134 Jan. 9734 N o v . 22 89)4 Jan. Jan. 86 93 34 D e c. 14 10134 Sept. 21 10134 Sept. Sept. 16 91 F eb. 87 9234 O ct. 15 9034 Jan. 24 95 34 Sept. D e c. 24 98 9034 D ec. 20 9034 D ec. 10534 D ec. 11 10634 D e c. 8834 D ec. 10234 D ec. 8834 102 10834 104 10234 9234 90 34 81 7934 Sale 80 Sale 83 34 Sale 7234 Sale 97 34 Sale 9034 Sale 9734 10034 100 10134 10434 103 34 11034 Sale Sale Sale Sale Sale Aufc.14 D e c. 16 4 9934 D ec. 16 10034 'D e c. 10334 ------94 3 4 ------9334 Sale 107 Sale 24 16 19 20 A p r. 23 A ug. 17 10 1 9534 Jan. 2 9734 M a y 11 3 10834 D e c. 9934 10034 10034 Sale Sale 87 Sale Sale Sale Sale 8 2 N ov. D e c. N ov. D e c. 100 93 D ec. 9934 D ec. 8834 30 10034 28 93 5 105 16| 69 141 8434 2 10034 9934 D ec. 20 9934 D e c. 20, 99 34 M a r. 12 80 78 July 19 103 34 10234 D ec. 4 10234 D ec. 10034 A ug. 11 10134 10034 D ec. 3 10034 D ec. 9534 Jan. 16 734 D ec. 24 734 D ec. 534 Sept. 30 12 Sale 92 D ec. 9134 D ec. 8634 Jan. 85 85 D e c. 8334 D ec. 7434 Jan. Sale 94)4 D ec. 9534 D ec. Jan. 89 82)4 D e c. 8234 79 34 D e c. 7534 Jan. 9034 D ec. 87 Jan. 9134 9 0 % D ec. 8934 D ec. 8934 8634 D ec. 7834 Jan. 97 34 A pr. 10534 D ec. 10534 D ec. N ov. 105 9634 D e c. A ug. 9634 9534 D ec. 95 9334 Sale 9934 10034 9934 102 10234 9934 9434 10534 10034 10334 9534 8634 7934 94 34 9634 9234 10134 9034 93 34 97 M ar. Jan. Jan. A pr. A ug. Jan. Jan. 90 9434 Jan. 10034 10034 10034 D ec. 9734 Sale 9734 D ec. Sept. 11 N o v . 22 June 14 N o v . 22 A u g. 17 A u g. 3 A p r. 16 D e c. 24 M a y 22 June 17 D e c. 21 N ov. 4 M a y 17 June 14 D ec. 6 M a y 27 N o v . 26 D ec. 4 Sept. 28 N ov. 8 D ec. 10 N ov. 9 N ov. 9 D e c. 3 Sept. 16 N o v . 12 O ct. 8 N o v . 12 M ay 6 O ct. 22 June 17 103)4 M a r. 27 D e c. 10 N o v . 10 102 100 9234 Sale 9934 10034 8434 8834 10034 102 10834 10234 8834 9034 7934 80 Sale 8034 Sale 8134 Sale 73)4 Sale 96)4 91 Sale 95 100 Sale 10134 101 -------- 10334 -------- 10834 ------------Sale Sale A s k . B id . R A N G E S IN C E J A N . 1. L ow est. 107 Sale 10634 D ec. -------- 10034 ___________ 10534 107341___________ 10334 _____ ____________ 1 0 1 3 4 _____ ____________ 10034 10034 _____ '102 D ec. 10 102 D e c. 10,,10134 92 10034 I I I I I , 10034 D ec. 10034 D ec. 9934 _____ I 93 D ec. 93 93 D ec. 91 10434 Sale 10434 D ec. 10434 D ec. 10234 6534 73 69 D ec. 69 D e c. 62 34 8334 -------- 1-----------------8434 100 _____ 10034 D ec. 28 10034 D e c. 16 9534 8734 Sale 10234 94 34 9034 10434 Dec. 31. 10634 Sale _____ 10054 10534 10734 10334 _____ 1 0 1 3 4 _____ 1 0 1 3 4 -------92 _____ 10034 _____ 9234 -------10434 6534 70 8334 100 8834 8434 8.000 Sale 9834 5.260.000 97 504 000 9934 10034 10234 316.000 10034 -------- 10034 9034 686.000 8634 87 1.059.000 [Vol .124. 16 4 2 4 22 M a y 17 M ay 6 D e c. 23 M a r. 23 F eb. 5 M a y 21 Sept. 28 M a y 21 N o v . 29 N ov. 8 June 22 June 17 D e c. 10 D e c . 21 N o v . 22 D ec. 1 S ept. 21 Sept. 29 June 11 June 3 10034 9934 106 8834 105 Sept. N ov. M ar N ov. N ov. 15 23 5 11 It Ja n . 1927.] , BONDS N. T STOCK EXCHANGE. Texas & N O cons g 5s_________ 1943 J J Texas & Pacific 1st g 5s________2000 J D Second gold incom e 5s______ 2000 M a r Louisiana D iv B L 1st g 5s__193i J J Tex Pac— M o Pac Term 534s --1 9 6 4 M S T oledo & Ohio C ent 1st g 5s___1935 J J W estern D iv 1st g 5s________ 1935 A O General gold 5s______________ 1935 J D Toledo Peoria & W est 1st 4s___1917 J J T ol St L & W est 50-yr g 4s------ 1950 A O Tol W Va & Ohio 1st gu 444s A . 1931 J J 1st guar 444 s series B ________ 1933 J J 1st gu 4s series C _____________1942 M S T or Ham & B u ff 1st 4s_________ 1946 J D Ulster & Delaware 1st con g 6 s. 1928 J D First refunding gold 4s______ 1952 A O Union Pac R R & land gr g 4 s . .1947 J J 1947 J J R egistered___________ 20-year con v 4s______________ 1927 J J Sales in 1926. (12 M o s .) Price Jan. 2 1926. Bid. A sk. ... 171.000 97 925.000 103 ... 90 34 104 413,000' 728,000! 9934 99 24 71.000 10034 10134 57.000 100 34 101 133,0001 97 54 98 50.000 30 35 302,000 87 34 90 98 57.000 96 24 98 5.000 90 X 137.000 86 34 Sale 305.000 76 47 154.000 43 Sale 2.398.000 125.000 2.762.000 9924 9954 78,000 1.986.000 86 34 Sale 107 557.000 106 Sale 1.269.000 103 5.000 92 ____ 2.000 94 9.000 88 89 9.000 $ First refunding 4s___June 2008 M S 1st lien & ref 5s_________June 2008 M S 10-year secured 6s___________ 1928 J J U N J R R & Canal C o gen 4s_.1944 M S Utah & N orthern 1st ext 4s___1933 .1 J Vandalia consol g 4s A _________ 1955 F A Consol 4s, series B ______ ____1957 M N Vera Cruz & P 1st gu g 444s___ 1934 J J 3.000 July 1914 cou pon o n _____________ J J 219.000 Assenting 1st 4 44s___________ 1934 . . . 1.000 Virginia M idland 5s series F — 1931M S 56.000 General 5s___________________1936 M N 76.000 V» & Southwest 1st gu 6s_____ 2003 Q J 546.000 First cons 50-year 5s________ 1958 A O Virginian R y 1st 5s ser A _____ 1962 M N 4.055.000 876.000 Wabash 1st gold 5s_____________1939 M N Second gold 5s_______________ 1939 F A 1.022.000 R ef s f 544s ser A ____________1975 M S 4.292.000 669.000 D eb B 6s registered_________ 1939 J J 49.000 1st lien 50-year gold term 4 s. 1954 J J 14.000 Det & Ch Ex 1st g 5s________ 1941 J J 41.000 Des M oines D iv 1st g 4s____ 1939 J J 275.000 Omaha D iv 1st g 344s_______1941 A O 51.000 Tol & Chic D iv 1st g 4s_____ 1941 M S 14.000 Warren R R 1st ref gu 344_____ 2000 F A WaBh Cent R y 1st g 4s________ 1948 Q M 101.000 Wash Term 1st gu 344®_______1945 F A 108,000 1st 40-year guar 4s_________ 1945 F A 23.000 W eatherf M W & N W 1st 5s__1930 F A West M aryland 1st g 4s______ 1952 A O 4.752.000 182,000 West N Y & Pa 1st g 5s________ 1937 J J 49.000 General gold 4s______________ 1943 A O In c g 5s_______________.A p ril 1943 No\ Western P acific 1st 5s A ______ 1946 M S 2.851.000 398.000 1st g 6s ser B ________________ 1946 M 8 602.000 West Shore 1st 4s guar________ 2361 J J 460.000 R egistered ___________________2361 J J Wheeling & Lake Erie 29.000 W heeling D iv 1st g 5s______ 1928 J J 21.000 Exten & im pt. gold 5s______ 1930 F A 498.000 R efunding 444s ser A ______ 1966’ M S 578.000 Wheel & L Erie R R 1st con g 4s 1949 M S Wilkes-B & East 1st gu g 5s___ 1942 J D 1.362.000 4.000 Wllmar & Sioux Falls 1st 5s___1938 J D 141.000 Winston-Salem S B 1st 4s____ 1960 J J W isconsin C ent 1st gen g 4s___1 9 '6 J J 1.231.000 505.000 Sup & D ul D iv & T er 1st 4 s. 19^6 M N 39.000 Wor & Con East R y 4 44s____ .1943 J J I n d u s t r ia ls 242.000 Adams Express coll tr g 4s____ 1948 M 8 688.000 Ajax R ubber 1st 8s___________ 1936 J D 49.000 Alaska G old M deb 6s A ______ 1925 M S 36.000 10-year con v 6s ser B ______ 1926 M 8 Alpine M ontan Steel 7s________1955 M 8 1.163.000 162,000 Amer Agric C hem 1st con v 5S..1 92 8 A O 1st ref sink fund 744s________ 1941 F A 3.242.000 981.000 Amer Beet Sugar con v deb 6 s . . 1935 F A Amer Chain 10-year s f deb 6s_ 1933 A O 1.204.000 471.000 Amer C otton Oil deb 5s______ 1931 M N 39.000 Amer D ock & Im pt extd 6s____ 1936 J J 121.000 * ’ ■ 7s * .................. American Ice deb “ July 15--1939 J J 311.000 Amer M ach & Fdy s f g 6s____1939 A O 656.000 Amer R epublic C orp s f deb 6 s. 1937 A O Amer Smeltg & Rer 5s ser A ___1947 A O 4.397.000 1st g 6s ser B ________________ 1947 A O 1.150.000 Amer Sugar R efg 15-year 6s___1937 J J 2.600.000 Amer Tel & Tel Coll trust 4 s ..1929 J J 6,162,000 471.000 C onvertible 4s_______________1936 M S 116.000 20-year convertible 444s____ 1933 M 8 30-year coll trust 5s_________ 1946 J 0 2.788.000 ’ 3,000 R egistered_____________________ J D 35-year sink fd deb 5s_______1960 J J 14,597,000 20-year sink fd 544s_________ 1943 M N 6.474.000 Amer T yp e Founders deb 6s___1940 A O 1.579.000 Amer W ater W ks & E lec coll 5 s. 1934 A O 1.425.000 Amer W riting Paper s f 7-6s___1939 J J 1.447.000 3.179.000 Tem p interchang ctfs o f d e p ____ Anaconda C opper M in 1st 6 s ..1953 F A 9.408.000 6.000 R egistered_____________________ 15-year con v deb 7s_________ 1938 F A 9.025.000 Andes C op M in deb 7s 25% pd 1943 J J 9.897.000 Angio-Chilean N itrate 7s______1945 M B 3.766.000 993.000 W ithout warrants________________ M N 794.000 Antilla (C om p Azuc) 1st 74£s_.1939 J J 529.000 Ark & M em ph Bdge & Term 5 s. 1964 M 8 Armour & C o 1st real es* 434s_1939 J D 3.185.000 Arm our & C o o f Del 1st 544s -1943 J J 4.553.000 Associated Oil 6 % gold n o t e s .. 1935 M S 1.329.000 Atlanta Gas L t 1st 5s_________ 1947 J D 18,000 A tlantic Fruit 7s ctfs o f d ep ___1934 J D 3,000 C ertif o f deposit stam ped_______ 540.000 A tl G u lf & W I S S Lines coll tr 5s '59 J J A tlantic Refining deb 5s_______1937 J J 1.035.000 249.000 Baldwin L ocom Wks 1st s f 5 s. 1940 M N 544.000 Baraqua (C om p Azucar) 744s. 1927 Barnsdall C orp con v 8s_______1931 48.000 13.456.000 Debenture 6s trust ctfs ______1940 Belding-Hem inway conv 6s____ 1936 1.554.000 2.005.000 Bell Telephone o f Pa 1st 5s B ..1 9 4 8 3.966.000 First & ref 5s series C _______1960 Bethlehem Steel 1st & ref 5s g A 1942 M N 1.145.000 20-year pur & imp s f 5s____ 1936 J J 2.327.000 Cons 30-year s f 6s ser A ____ 1948 F A 8.007.000 C on 30-year s f 544s B ______ 1953IF A 6.051.000 267.000 Bing & Bing tem p deb 644s_____ 1950M S B ooth Fisheries deb 6s__________ 1926A O 299.000 B otany Cons M ills 644s________ 1934A O 1.243.000 Brier Hill Steel 1st 544 s _______1942 A O 1.024.000 B roadway & 7th A v 1st con 5 s. 1943 J D 457.000 123.000 C tfs or dep stpd June ’26 Int_________ B rooklyn C ity R R 1st 5s______ 1941 J J 592.000 Bklyn Edison Inc gen 5s A _____1949 J J 1.461.000 General 6s series B ___________ 1930J J 2.650.000 Bklyn-M Tr R T Sec 6s............. 1968 J J 15.214.000 Bklyn Q Co & Sub gtd 5s..........1941 M N 568,000, 1st 5s stamped_______________ 1941J J 56.0001 Brooklyn Rapid Transit g 5s__ 1945 A O 1st refund conv 4s g __________ 2002J J 1,000| Bklyn Un El 1st g 4-5s_________ 1950F A 528.000 Stamped guaranteed_________ 1950F A 403.000 19 BONDS—STOCK EXCHANGE RECORD 6,000 -------- 25 24 100 -------100 2 4 _____ 98 3 4 _____ 90 24 91% 101 24 Sale 102 M Sale 9834 99 98% Sale 101 P R IC E S I N D E C E M B E R . D ec. Bid. 100 10614 93 100 10334 10134 10024 10024 15 90 99 99 93 8924 Sale Sale 9924 10514 q3 10024 10024 10314 10314 Sale 101 10014 Sale 100% 20 9014 6614 43% Sale 94 34 Sale 93 24 9924 Sale Sale Sale 107 10234 Sale 94% 96 % 9024 9024 2134 9924 103 87 8634 D e c . 31. A sk Bid. 66 10024 10224 102 9614 103 10334 10014 10324 5114 83 8314 10214 Sale 8834 83 8924 75 8334 8524 84 8534 9214 97% 98 Sale 7424 101% 10134 Sale 88 84:% 77% 85 % 75% 82 83 % 99% 96H 67 % 10134 8354 40 9634 Sale 102 % 103% 84% Sale 83 34 84 1. 2414 9034 99 99 93 90 91 Sale 65 42 4234 Sale 95 9324 9424 9924 Sale 9924 9434 9034 107 10234 Sale' 10124 94 94 2324 101 10024 10214 10224 104 Sale 9534 Sale 103 Sale 103 10014 Sale 10314 90 8424 9424 10334 89 8834 8314 8314 91 80 7724 88 8534 8524 8524 9234 100 9834 Sale 7724 1012, 10134 Sale 8834 Sale Sale Sale 10134 Sale 94 78 9424 10114 7314 9334 10224 104 9224 61 7714 8834 8814 90 6734 4334 9534 D ec. D ec. D ec. D ec. 7 9 1 2 D ec. 3 D ec. 18 100 D ec. 14 9434 D ec. 14 D ec. li 9234 D ec. 23 D ec. l! 10834 D ec. 15 D ec. 3 10234 D ec. 31 D ec. 21 9434 D ec. 18 2324 D ec. 24 2324 D ec. 24 10224 102 9534 10224 10224 101 10324 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 10334 8834 8334 9034 D ec. 28 10334 D ec. D ec. D ec. 28 90 D ec. 3 8334 D ec. D ec. 8 9024 D ec. 10234 102 9634 10324 104 10124 10434 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 24 22 101 101 9934 9024 9924 101 9834 9834 O ct. M ay M a r. Jan. M ay A p r. F eb . M ay D ec. A p r. Jan. D ec. O ct. A u g. July 5 28 5 27 21 8 1 25 23 23 100 9934 9234 10934 103 24 9434 96 9034 9024 Jan. A pr. A ug. Sept. Jan. F eb. Jan. M ar. Sept. Jan. Jan. 22 5 27 23 8 28 8 20 93 9034 80 48 9534 9324 O ct. M ar. June July Tan. M ay Jan. D ec. Jan. A ug. N ov. Dec. A ug. Jan. June D ec. M a r. June Jan. July D e c. A p r. 30 Jan. 22 Sept. 29 10224 A u g . 16 A u g. 20 31103 N o v . 19 6 97 4 10324 N o v . 22 A p r. 9 31 104 O ct. 9 6 102 June 12 2 105 9934 Sale Sale 103 24 10334 104 87 Sale Sale 8634 Sale Sale 9924 10334 8634 85 D ec. D ec. D ec. D ec. 100 10434 87 8624 D ec. D ec. D ec. D ec. 9734 9034 8624 7134 D ec. D ec. D ec. D ec. 9734 9034 8834 7334 D ec. D ec. D ec. D ec. 84 101 D ec. D ec. D ec. D ec. D ec. 9024 10734 4 334 9234 Sale 10324 D ec. 104 95 D ec. Sale 95 D ec. 10114 10124 101 D ec. 95 9534 95 10514 130 D ec. 104 D ec. 104 105 99 99 D ec. Sale 10024 Sale 10024 D ec. 10724 Sale 10734 D ec. 10434 Sale 10434 D ec. 9824 D ec. 9824 Sale 93 24 D ec. 9314 94 99 9924 9834 D ec. 10324 Sale 10234 D ec. 10434 9534 10124 96 130 10434 9934 101 108 105 9824 9424 9934 10324 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. Sale Sale Sale 9634 50 50 Sale 101 10514 103 24 9814 59 59 24 10324 10134 10524 103 9924 6034 6034 104 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. Sale Sale Sale Sale 60 Sale Sale Sale Sale Sale Sale 6234 Sale Sale 10024 10534 103 97 24 5824 5734 103 34 104% 10624 10734 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 10134 106 103 34 9924 6134 6134 10424 10424 10934 109 Sale 88 95 24 Sale 10034 10034 10024 Sale Sale 92 Sale 9534 Sale Sale 10234 10224 10124 24 1734 24 1524 Sale Sale 73 Sale 101 10134 Sale 10634 107 108 10534 106 84 90 100 91 24 93 24 10234 D ec. D ec. D ec. D ec. D ec. D ec. 10034 92 34 9534 103 6834 10034 10634 10524 D ec. D ec. D ec. D ec. 73 10134 10734 107 D ec. D ec. D ec. D ec. 99 99 103 24 104 10034 9934 10134 9724 93 34 9834 9024 104 7224 7234 95 104% 103 24 9834 65 8034 9834 97 10234 103 34 99 9734 10134 9534 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 100 99 104 34 10434 101 9924 10134 99 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 85 10324 72 34 7124 95 103 34 103 24 9834 6134 79 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. 92 34 10434 74 34 7234 96 10424 10434 9934 6524 79 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 107 Sale 10734 Sale 10934 Sale Sale 108 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 94 104 Sale Sale 73 96 Sale Sale Sale Sale Sale -----Sale 94 9934 Sale Sale Sale 10134 Sale Sale Sale 94 103 24 Sale 10434 73 73 96 Sale Sale Sale 6534 95 Sale 1524 D e c. 9224 D ec. 9224 D ec. 90 97 4 1 13 6 13 15 6 22 D ec. Dec. D ec. D ec. D ec. D ec. 1524 D ec. 9434 D ec. 9424 D ec. 4 Jan. 5T0034 F eb. 21 10634 Jan. 8 873^8 Jan. 7 87 A pr. 26 A p r. 8 N o v . 16 N o v . 26 Oct. O ct. Jan. Jan. Jan. Jan. M ar. Jan. Feb. M a r. F eb . N ov. N ov. June July N ov. M ay June June June 85 10134 3 3 89 34 10224 10324 9034 9814 9324 10534 118 10034 98 99 106 10224 9634 92 97 34 10034 102 24 9724 103 100 34 9524 42 4134 10134 10234 102 34 96 34 9324 84 84 34 9434 9034 92 102 D ec. D ec. D ec. D ec. Sale Sale 104 9514 Sale 10114 Sale 9424 9534 10534 132 24 104 10434 Q Q Sale 1 0 0 Vs Sale 10724 Sale 10434 Sale 9834 Sale 9324 9424 99 102 24 Sale 29 28 18 13 14 14 24 25 19 22 31 1 31 9934 95 8034 81 6434 10224 85 34 8034 8634 7634 D ec. D ec. D ec. D ec. D ec. 89 104 3 3 90 June D ec. June D ec. D ec. M ay A ug. Jan. M a r. D ec. D ec. A pr. D ec. 95 34 10024 8324 83 87 D ec. 8324 D ec. 8924 D ec. 86 34 D ec. 8224 D ec. 8934 D ec. 18 19 4 22 24 33 D ec. D ec. D ec. D ec. 8534 D ec. 8524 D ec. 30 101 9824 7434 10134 88 100 9024 Sale 8924 91 105 Sale 10514 107 314 4 4 424 4 534 314 4 9014 Sale 9224 Sale 8424 91 90 34 9414 9924 Sale 9124 Sale 94 103 10234 _____ 10024 20 1524 3914 . 69 24 9934 10034 10634 105 34 105 Sale 9824 Sale 97 34 Sale 102 24 Sale 103 34 Sale 10034 Sale 98 Sale 10124 Sale 9634 9534 93 90 10034 Sale 85 102 104 7624 72 7414 7134 Sale 94 10314 10434 10514 10434 9224 98 24 6314 6134 79 79 95 88 9334 89 90 i 92 24 93 87 34 6034 3634 9234 83 34 9934 9434 86 10634 10124 94 9534 101 105 102 10134 10234 3724 9024 9934 Sale 103 Sale Sale 8634 9724 10324 10324 96 4814 4824 10134 88 D ec. 3 D ec. 31 D ec. 17 D ec. 13 Sale Prices. 10434 D ec. 13 10734 July 10 Jan. 12 8634 Jan. 8; 103 34 90 8434 Jan. 7734 Jan. 8334 87 Jan. 9024 M ay 80 81 A pr. 8534 D ec. 31 84 86 M a r. 83 8534 D ec. 8834 Jan. 83 9134 9824 D ec. 9624 Jan. 9824 76 34 D ec. 6634 M ar. 7634 A ug. 10124 D ec. 10024 10234 8834 D ec. 8354 Jan. 2 8834 8914 ...... 10524 Sale 9614 Sale 9834 Sale Highest. 8834 June 18 Sale 434 o Sale 103 Sale 99 9834 Sale 10624 13614 10114 99 Sale Sale Sale Sale 9234 10034 10024 10024 96 93 34 9524 Lowest. 88 85 103 4 4 9114 10224 10314 9834 9824 97 10514 125 10034 98 9914 10814 103 97 9124 9724 10114 9934 10524 104 34 105 34 8924 65 4234 9434 9134 Sale 100 % 9914 10034 9914 10014 _____ 100 _____ -------- 100 81 % 9014 Sale 9014 9034 85 8624 8734 8734 Sale 65% 7124 7234 7224 73 1 0 2 1 4 _____ 102 34 104 34 87 8624 88 8624 87 8024 83 24 Sale 8234 Sale Sale 8934 90 89 9014 ____ -------- 87 -------87 86 9314 9034 9424 10224 9934 1734 1434 RAN G E SIN CE J A N . 1. Highest. Ask.\ Sale Prices. \ Sale Prices Sale Prices. _____ TOO D e c. 1 10414 D ec. 13 9824 M a r. 13 M a r. 4 10614 10524 D ec. 27 10634 D e c. 1 103 105 I______________ I_______________ Sale 1 100 D ec. 18 10024 D ec. 31 9924 M a r. 3 10434 10314 D ec. 2 10434 D ec. 10 99 34 Jan. 9 10134 D ec. 1 10214 D ec. 27 10034 F eb. 2 10034 Jan. 29 101% 10024 D ec. 1.10024 D ec. 1 9724 Jan. 6 20 20 O ct. 23 Sale 90 D ec. 31 9034 D ec. 31 8734 July 27 100 9934 D ec. 27, 9934 D ec. 20 9724 Jan. 21 100 9834 8024 81% 6434 102 86 8014 8734 74 86 Lowest. Jan. 14 9024 June 28 10734 D ec. 18 5 D ec. 23 434 A ug. 17 9234 Jan. 6 10434 N o v . 1 106 June 4 10134 Jan. 4 102 N o v . 27 9734 July 17 10624 M ar. 4 134 34 Jan. 14 10434 Jan. 6 10024 Jan. 2 10124 Jan. 4 109 M ar. 31 10534 Jan. 4 9924 Feb. 6 9524 Jan 5 10234 A ug. 23 10324 June 1 103 Jan. 2 10134 M ar. 3 10624 Sept. 17 105 Jan. 8 9954 M ar. 31, 6234 M ar. 30 6224 Jan. 2'10424 Sept. 20 10424 M ar. 31 10934 Jan. 2 109 Oct. 28 10034 D ec. 3, 90 June l! 97 Jan. 12 10034 A ug. 3; 9234 M a y 4 9634 M a r. 1 10334 15 Sept, 20 34 Jan. 6534 O ct. 9924 Jan. 102 34 Mar. A pr. 103 Jan. 105 96 A ug. 9424 A ug. 10054 Jan. 100 F eb. 9554 Jan. 93 Jan. 95 34 Jan. 8734 Jan. 9034 Apr. 70 M ar. 8034 M a y Jan. 101 6934 Oct. 68 34 Sept. 93 34 Jan. 10224 July 10324 Apr. 92 34 M ar. 60 O ct. 72 M ar. 15 10234 15 100 5 9034 13 8934 5 7424 26 103 16, 8834 87 9024 8634 10 7 6 4 6 16 15 28 2034 73 10224 110 107 107 23 26 10 1 7 18 6 14 3 23 D ec. 3 D ec. 18 June 16 F eb. 24 D ec. 21 A pr. 5 A ug. 4 F eb. 5 June 4 Jan. 9 M ar. 12 F eb . 3 D ec. 4 July 23 June 15 O ct. 21 A p r. 26 July 6 Sept. 13 A pr. 8 D ec. 3L June 18 D ec. 18 A pr. 23 A ug. 3 D ec. 31 Oct.* 29 O ct. 30 D ec. 11 D ec. 10 D ec. 18 D ec. 14 Jan. 13 D ec. 18 D ec. 28 D ec. 7 M ay 1 M ar. 29 A ug. 17 Jan. Jan. D ec. June Oct. D ec. Jan. 20 101 F eb. 3 100 34 Jan. 2 10434 D ec. 5 10434 D ec. 5 10234 A ug. 5 9924 D ec. 4 10134 D ec. 6, 99 D ec. Jan. 3 1 95 29 100 N ov. 22 96 D ec. 4 105 July 6, 7654 Jan. 20 73 A pr. 2 1 96 D ec. 26 10554 Feb. 28 106 % Feb. 31 9924 N o v . 22, 6524 D ec. 11 79 June 28 7 31 7 15 21 6 11 16 28 29 11 31 31 18 5 24 6 30 5 22 6 8 24 26 28 29 8 8% A ug. 181 8834 A u g. 18 8834 Jan. 6i 9734 July 19 8834 Jan. 6 9554 July 23 20 BONDS—STOCK EXCHANGE RECORD BONDS N. 7 . S T O C K E X C H A N G E . Price Jan. 2 1926. Sales in 1926. 8 fe 5 ft. (12 M os.) Bid. A sk. $ Bklyn U nion Gas Oo 1st g 5s-.1 9 4 5 M N 319.000 101 % 1st 1 & re f 6 s A ______________ 1947 A1 N 167.000 105% D eb 5 % s ____________________ 1936 J J 6.263.000 3 J Sub receipts 7 0 % p a id ___ 68,000 Buffalo & Susa gen a f o s _____ 1932 J D 93 13,000 92 Bush Terminal 1st 4s_________ 1952 A O 135.000 8 8 % Sale Consol 5s____________________ 1955 J J 453.000 9 1% 92% Bush Term Bldgs 5s gu tax ex 1960iA O 1.007.000 96% Sale Cal G & E O orp unlf & ref 5 s . _ 1937 M N 579.000 100% 101 California Petroleum 6 % s ___ 193 3 'A O 980.000 103% Sale 608.000 C on v deb s f g 5 % s _________ 1938 M N Camaguey Sugar siun fd 7s __ 19421A O 853.000 91 % Sale Canada Steamship Lines 7s_ 1942 M N _ 480.000 101 % 102 Canadian General E lectric 6 s .1942 A O 102 Central D ist Tel 1st 30-year 5 s. 1943 J D 178.000 101 Central Foundry 1st sink fd 6 s . 1931 ;F A 90,000 9 7% 99% Central Leather 1 st 1 s 6 s _______ 1945 J J 2.707.000 100% Sale Central Steel 1st sink fd 8 s ____1941'M N 115% 983.000 115 52 904 000 51 Chicago C ity & C onn R y 5s____ 1927 A O 694.000 101% Chic Gas L 6l C 1 st gu g 5 s ____1937|J J Chicago R ys 1st 5s __________ 1927 F A 5.581.000 79% Sale -a C h ile C opper con v 6 s ser A ____ 1932 A O 10,893,000 107% 108% Sale Cine Gas & El 1st & re f 5 s------ 1956 A O 394.000 103 867.000 102 % Sale 40-year prior lien 5 H s B Jan 1961 A O Cities Service Pow & L t 6 s A __1944 M N 4.198.000 Clearfield B it Coal 1st 4 s ____ 1940 J J 4,000 7 6 % ------Oolo Fuel & Iron C o gen s f 5 s .-1943 F A 91 662.000 88 C olo Indus 1st coll tr 5s g u ____ 1934 F A 732,000 84% Sale 80 _____ R eg istered _______________________ iF A 604.000 100% Sale Columbia Gas & E l 3t 5s_____ 1927, J J 454.000 100% Sale S tam ped___________ ___________ _ J 16,000 Col & 9th A v 1st gu g 5s________ 1993 M S Columbus Gas 1st g 5 s_________ 1932 J J 99% 98.000 99 75 311.000 74 Com m ercial C able 1 st g 4s____ 2397 Q J 292.000 100% Sale Com m ercial Credit s f 6 s ______ 1934 M N 249.000 C ol trust 5 % s Ser A _________ 1935 J J Oom 'wealth Power 25-yr 6 s ___1947 M N 1.531.000 102% 103% 239.000 1 0 4 % _____ C om pu ting-T ab-R ecord s f 6s_-1941 J 3 148.000 91% 92 Conn R y & Lt 1st g 4 % s _______1951 J J 1458,000 9 1% 92 Stamped guar 4 % s . -------------- 1951 J J Consolidated Cigar s f 6s _______ 1936 A O 2.052.000 Consol C oal M d 40-yr 5s______ 1950 J D 1.747.000 81 % Sale Consol Gas (N Y deb 5 % s ..1 9 4 5 F A 5.453.000 104% Sale Consol H ydro-E lec 1st s f g 7 s .-1956 3 J 546.000 _____ 79% Oont Payer et Bag M ills 6><jS--1944 F A 135.000 100 % 1 00 % Oonsum Gas C hic 1st gu g 5S-.1936 J D Consumers Pow er 1st iien 5s __1952 M N 2.116.000 9 7% Sale 80.000 Copenhagen Telep extl s f 6 s .-1 9 5 0 A O 110.000 10 0 % 10 1 h Corn Prod R e f 1st 25-yr s f 5 s. . 1934 M N 994.000 8 2% Sale Crown C ork & Seal 1 st s f 6 s 1942 F A Crown W illa m e tte P a p e rls ts fg 6 s '51 J J 1.244.000 Cuba Cane Sugar conv 7 s_____ 1930 J J 1,775 000 93% Sale C on v deb stam ped 8 % ---------1930 J J 3 ,0 :8 ,0 0 0 97% Sale Cuban-Am er Sug 1st coll 8 s ___19 3 1 M S 1,045 000 108% Sale Cuban D om Sug 1st 7 % s _____ 1944 M N 3.299.000 92% Sale 707.000 100 10 0 % Oumb T & T 1st & gen 5 s _____1937 J J Sale 453.000 95 Cuyamel Fruit 1st s f 6 s A ____ 19 40 A O 240 000 Davison Chemical deb g 6% s_-1 9 31 J 3 676 000 94 94% Denver Gas & El 5s____________1951 M N 94% 703.000 94 S t a m p e d .------------------------------------ M N 505.000 85% 87 D ery (D G ) O orp 1st s f 7s____ 1942 M S 101% 403.000 101 D etroit Edison C o 1st 5s______ 1933 J J 1st & r ef 5s Series A ____ July 1940 M S 1.053.000 102 % 102% 789.000 100 % Sale Gen & ref 5s series A _________ 19 49 A O 749.000 107% 107% 1st & ref 6 s Series B ____ July 1940 M S Gen & ref 5s Ser B __________ 1955 J D 1.486.000 100 % 100 % 632,000: 89% 90% D et U nited 1 st cons g 4 % s ____ 1932 J J Dodge Bros s f deb 6 s _________ 1941 M N 12,660,000 96% Sale D old (Jacob) Pack 1st 6 s ______ 1942 M N 1,041,000; 73% Sale 548.000 61 % 61 % Dom inion Iron & Steel 5s_____ 1939 M S 580.000 94 Donner Steel 1st ref 20-year 7s. 1942 J J 133.000 flu Pont (E I ) Pow der 4 % s ____ 1936 J D Duquesne Lt 1st & coll 6 s Ser A 1949 J 3 1.983.000 105% 106% 667.0001 105 Sale 1st coll tr 5 % s Ser B _________1949|J > 1 21.000 Eastern C uba Sugar 7 % s _______1937 M S E d El 111 Bkn 1st con g 4s_____ 1939 J J Ed El 111 N Y 1st cons g 5s____ 1995 J J Elec Pow C orp (Germ any) 6 13s 1950 M 8 Elkhorn Coal 1st & ref 6 % s .--1 9 3 1 J D D eb 7s notes (with w a r)-------- 1931 J D Empire Gas & Fuel 1st & re f 7 43s '37 M N 1st & ref 643s (with war’n ts)-1 9 4 l A O Equitable Gas 1st con 5s______ 1932 M S Federal L * T r 1st s f 5s______ 1942 M S First 1 s f ’s stam ped_________ 1942 M S 1st lien s f 68 stm p d _________ 1942 M S 30-year deb 6 s ser B _________ 1954 J D Federated M etals conv 7s ..1 9 3 0 J D Fiat sinking fund gold deb 7 s _ -1946 J 3 Fisk KubDer ist s r » s ________ 1941 M S Ft Smith Lt & Traction 5s____ 1936 M S Frameric Ind & D ev 20 - yr 743 s 1942 J J Francisco Sugar 20-yr 7 43s-------1942 M N French N at M ail SS Lines 7 s_ ..1 9 4 9 J Gas & Elec (Bergen O o) 5s____ 1949 J Gen Asphalt con v s f 6 s _______ 1939 A General Elec deb g 3 43s------------1942 General Elec (Germany) 7S-.194 D eb 6 4 3 sstock purch w ar_ 1940 _ W ith out warrants a tta ch e d -.1940 General Petroleum 1st s f o s ___1940 Gen Refractories 1st 6 s _______1952 G ood H op e Iron & Steel sec 7S.1945 G oodrich (B F) C o 1st 6 43s____1947 G oodyear Tire & R ub s f 8s ____1941 M N 10-year deb « f Ss . M a y 1931 F A G otham Silk H osiery deb 6s— 1936 J D G ould Coupler 1st 16-yr sf 6 s ..1940 F A G ranby C on M S & P 1st 6s— 1928 M N S ta m p ed --------------------------------------- M N C onv deb 7s_________________ 1930 M N G t Cons El Pow (Japan) 7s-------1944 F A G reat Falls Power 1st s f 5s____ 1940 M N Hackensack W ater 1st 4 s _____ 1952 J J H artford Street R y 1 st 4s------ 1930 M S Havana El R y Lt & P 5s______ 1954 M S Havana Elec R v cons e 5 s_____1952 F A D eb 543s series o f 1926_____ 1951 M S Hershey C h ocolate 1st & coll 5 % s'40 J J Hoe (R ) & C o 1st 6 43s A ______ 1934 A O Holland Amer L 6 s (fla t)---------- 1947 M N Hudson C ou n ty Gas 1st 5s____ 1949 M N H um ble Oil & R e f 5 43s_______ 1932 J J Illinois Bell T elep 1st & re f 5s A 1936 J D Illinois Steel deben 4 43s ---------- 1940 A O Hseder Steel C orp s f g 7s------- 1946 A O lnd Nat Gas & Oil ref 5s______ 1936 M N Indiana Steel 1st 5s____________1952 M N Inland Steel deb 543s ---------------- 1945 M N Inspiration Copper 643®----------1931 M S Inter-M etropolitan coll 443s_-1956 A O Interboro R T 1st & ref 5s____ 1966 J J S tam ped_______________________ 3 J 10-year 6 % notes___________ 1932 A O 10-year 7% notes___________ 1932 M S Int Agrl C orp 1st & coll tr 5s_1932.M N Stamped extended t o _____ 1942'M N Int M erc M arine 1st s f 6s -------- 1 941A O Intern Paper con v 5s Ser A ------ 1947 J J R e f 6 s ser A --------------------- ----- 1955 M S PRICES I N DECEM BER. D ec. 1. 886.000 Lowest. Dec. 31. RANGE SIN CE J A N . 1. | Highest iBid Ask. Bid. Sale Prices. 1 Sale Ask 102% 103% 103% 103% 102% D ec. 2 103% 113% 114% 113% - - 114% D ec. 7 114% 160 Sale 159% Sale 159% D e c. 2 164% l 9 2% 93 92% D e c. 4 93 92% 93 9 0% 9 1% 90% 91% 90% D ec. 18 92% 97 97% 96 Sale 95% D e c. 8 9 7% 100 Sale 100 D e c. 1 102 Sale 100 101% Sale 1 0 1 % 1 0 1 % 101% D e c. 3 101% 103% 104 103% Sale 103% D ec. 22 104 9 9% Sale 100% Sale 9 9% D e c. 1 100% 99 Sale D e c. li 99% 99 99% 99 102 % 97% 101% 117% 51% 101% 72% 105% 102% 104 97% 82% 95% 92% 103% 102 Sale 98 96 98 Sale 101% Sale 120 119% 119% Sale 52% Sale 102% 101 % 102 % Sale 75% Sale Sale 110% Sale Sale _____ 1 0 2 % Sale 104% 104% Sale 9 7% Sale 95% Sale 99% Sale 9 9% 100 97% 82 95 90 104% 104% 9 3% 9 3% 100% 84% 105% 7 5% 101 101 99% 101% 94 99% 96 98% 107% 98% 10 1% 95% 93 98% 98% 65 101% 102% 102% 107% 102% 95 95% 83% 42 96% 102 98 117% 50 101% 71 % 105% 102% 104 97% 102 97 Sale Sale 99% Sale Sale 102% 102 % Sale Sale 95% Sale 84 45% 97 Sale 95 Sale Sale 105 Sale 96 104% 98% Sale 116% 88% Sale Sale Sale 103 Sale 91% Sale Sale Sale Sale Sale 97 Sale Sale Sale 87% 101 96% 20 Sale Sale Sale Sale 94% Sale Sale Sale Sale D ec. D ec. D ec. D ec. D e c. D e c. D ec. D ec. D ec. D ec. D ec. 95% D ec. 92% D ec. 2 9 7% D ec lj 94 D ec 99% 100% 99% 100 99% D ec. 9 9% D ec. 17 2; 93% 3 100 10ll115% l| 44% 20 101% 3l!| 65% 13 104% 21111"'’ 171 101% 18 94% 82 90% 83% 9 100 D ec. 9 9 9% D ec. 101% 102% 1 0 . % 101% Sale 94% 92% Sale 92 97% Sale 97% Sale 98 77' " Sale | 65 Sale 101% 102 102% Sale 102 102 % 103 102% 107% Sale 107% 103 103% 102% Sale 94% 95 95% 95% Sale 89% Sale 83% 44 48% 50 Sale 96 96 106 105 107 95% 107% 97% 95% 95% 105% 99% 99% 96 95% 103% 97% 89 92% 1 i6 88% 98% 107 95 10 1% 108% 91 103% 114 113% 10 1 103 99 % 106% 122 110 % 10 0 % 85 100 Sale 100 Sale 137 Sale 98 104 103% 87% 86 93 Sale 98 Sale Sale Sale Sale 98% Sale 98% 104 Sale Sale j D ec. 31 103 D e c. 2 98 31 102% Dec. 9 120 Dec. 16 52 Dec. 3 102% Dec. 16 75% Dec. 3 110% Dec. 1 103% Dec. 1 104% D ec. 1. 98% Lowest. 94% 90 102 97% 91% 10 2 % 10 2% 103% 97% 10 0 % 98 103% 10 1% 101 % 8 78 77% 81 97% 90 83 95% 97 % 09 V D ec. D ec. D ec. D ec. D ec. D ec. 29 22 14 10 22 16 D ec. D ec. Dec. D ec. D ec. Gee. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. Gee. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 6 95 27 101% 29 84% 1 106 28 1 0 0 % 2 75^2 9 102% 3 102% 16 100 7 102% 111 94 100 96% 99% 108% 97% 82% 96 91 104% 105 100 101 % 95% 93 98% 98% 77% 101% t0 2% 02% 107% 103% 97 95% 90% 57% 97 D ec. D ec. D ec. 30 D ec. 22 D ec. 15 D ec. 2 • D ec. 14 D ec. D ec. D ec. D ec. nee. D ec. G ee. Gee. D e c. G ee. D ec. D ec. D ec. D ec. D ec. D ec. D ec. G ee. D ec. G ee. D ec. D ec. Gee. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. N ov. D ec. Jan. D ec. D ec. Jan. Sept. M ay 90 M ar. 97% N o v . 78 >2 A pr. 98% 96% 75 93 90% 102% 104% 90 n4 % ■Tan 100 73% 98% 97% 99 00% 82% 99 88 92 '0 6 % 91 % 100% 93% 92 94 08% 65 100 % 00% 00 106 ' 00 % 102 102 100% Sale 134 Sale 96% 103% 103% 87% 86 D ec. D ec. D ec. D ec. D ec. 95% Q O 101% 97% 89% 102% 102% 103 97% 99% 98 103% 101% D ec. Sale 98% Sale 103 Sale Sale Sale Sale 98% 104 Sale Sale 20 Sale Sale Sale Sale 92% Sale 95% Sale Sale 10 1 77% 76% 80% 97 91 78 9 4% 96% 99% 1 10 1 28 148 27 99 28 104% 11 86 4 96 90 D ec. 1 102% D ec. 6 98% D ec. 1 91% D ec. 1 102% D ec. 3 102% D ec. 1 104 D ec. 23 98 D ec. 28 100% D ec. 20 98 D ec. 7 104% D ec. 4 101% D ec. 1 101% D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 1 27 1 28 14 10 1 28 80% 8 0% 84 9 9% 92 83 97% 97% 8 100 Sale 104 % 114% 16 , 180 93 92% 98% 102 102% 105% 100 % 105% A ug. 2 103% M a r. 25 99% M ar. 19 103 J an. 9 123% July 30 06 Mar 15 103 M ar 27 81 N o v . 1 110% M ar. Id 103% Oct. 22 104% July 9 98% M ay 17 82% June 4 97% Feb. lj 94 99% D ec. 90 92% 69% 31 92% 99% D ec. 2 i0 6 % D ec. 13 104% Sale 105% D ec. 27 104% 105% 104% D ec. 10 106 D ec. 4 107% 107% 107 D ec. 3 95% 95 Sale 107% 31 107% Sale 96% D oc. 3 98 20 99% 98% 98% D ec. 29 97% 96% 95 Sale 104% D ec. 23 105% Sale 99 % D ec. l 10 0 % 101 % 99% D ec. 22 99% 95% D ec. 11 96% 0.5 % 9512 10 96 u e c . 22 103% 103% 103 D ec. 3 98% 98% 96 Sale 1 91 % 8 8 % D ec. 92 29 92% D ec. 4 116% Sale 116 8 6 % D ec. 15 91 % 90 D ec. 28 99% Sale 97 Sale 105 D ec. 3 107 Sale 91% D ec. 1 95% Sale 101 % D ec. 31 101 % 109% 107% D ec. 7 110 D ec. 3 91 Sale 91 Sale 1 0 2 % D ec. 1 104% D ec. 1 114 Sale i l l 114% 98% D ec. 1 1 0 0 % Sale 1 0 0 % D ec. 30 1 0 2 % D ec. 1 103 102 D ec. 3 99% Sale 97 Sale 105% D ec. 2 106% Sale 1 2 0 % D ec. 8 122 D ec. 1 1 1 0 % Sale n o 23 1 0 0 % 100 Sale 84% D ec. 30 86 H ighest. Prices Sale Prices D ec. 17 100% July 20 Jan. 12 D ec. 15 no M ar. 4 D e c. 15 126 128% M ar. 23 June 22 D e c. 30 91 D e c. 6 87% Feb. 27 D e c. 3 90 M ar. 25 D ec. 24 95% M ar. 1 D e c. 7 100% A pr. 6 D e c. 7 103% June 22 D e c . 3 99% N o v . 29 D e c. 11 90% Jan. 5 101% Jan. 4 96% 98 94 Sale 96% 98 96% 97 Sale 81% 81% 82 Sale 93 Sale 96 90% 91 90% 91 Sale 104% Sale 104% Sale 104% Sale .104% 94% 94% 98 95 94% 95% 94 Sale 99% Sale 99% Sale 82 % 84 82% Sale 105% Sale 105% Sale 100 10 1 Sale Sale /O 75 101 % ______ 1 0 i% Sale 102 Sale 100% 99% 99% 100 100 102 % 101% 103% 1 0 i% Sale 93 9 3 % 93 Sale 9 9% Sale 99% Sale 95 95% 95 Sale 98% Sale 98 Sale 107% Sale 107% Sale 9 8% Sale 98% 105% Sale 105% Sale Sale 107% 2.680.000 105 375.000 92% 93% 94% 58.000 10 2 % _____ 1 06 ’A 1,9,3,000! 85% 85% 96% 67.000 99 258.000 97% 5.127.000 102% Sale 104% 99% 4,247.000! 144.000, 99% 100 99% 671.000! 93% Sale 95% 28.000 545.000 101% Sale 103% Sale 505.000, 93 97 89% 451 .000 1 _____ 9, 42.000 886.000 113% 114 116 345.000 78 78% 86 1.998.000 8 8 % Sale 98% 640.000 104% 106 105 5.237.000 91% - | 101% 30.000 99% 586.000 1 0 4 % _____ ' n o 91 148.000 8 8 % Sale Sale 2.599.000 95 10 2 % 111 136.000 672.000 98% 5.313.000 10 1% 529.000 101 103% 1 0 2 % 713.000 96% 2.476.000 103% 104% 105% 2.261.000 121% Sale 12 1 2.499.000 109% 100 no 58.000 843.000 91 9 1% 85 213.000 100 1 0 1 % 100 108.000 100 102 100% 3.691.000 103% Sale 139 3.827.000 91 91% 97% 608.000 1 0 1 % 1 0 2 % 103% 175.000 8 6 % 87 86 20.000 85% 87% 91 % 93 304.000 9 4% 9 5% 96 9,000 2.799.000 9 9% Safe 10 1% 909.000 98% Sale 97% 89% 1.305.000 85% 85% 350.000 10 0 % _____ 1 0 2 % 2.204.000 101% Sale | 1 0 2 % 2.467.000 100% Sale | 103% 1.151.000 94% Sale j 98 165.000 100 125.000 90% 91 % 98 103% 608.000 103% Sale 1.797.000 10 1% 623,000 10 1% _____ 20 8 15.201.000 67% Sale 7 7% 30.441.000 65% Sale 77 7.609.000 70% Sale 80% Sale 9.172.000 89 97% 598,000i 8 8 % 8 8 % 92 1.859.0001 82% Sale SO 94% 7.685.000 8 6 % Sale 3.397,000! 94% Sale 97% 4.460.000 97% Sale 100 _ [Vol .124. D ec. Jan. Jan. Jan. Jan. Jan. Jan. June June M ay A pr. Jan. Jan. Apr. O ct. Jan. .Tan. D ec. July Feb. Jan. M a r. Jan. Jan. M ay M ay A ug. Jan. Jan. M ay Sept. 62% 62 64 20 85% 6 Rft% 31 78 10 84% 17 91 % ll 96% Jan. Jan. Jan. Jan. .Tan. Dec. Mar. Apr. Mar. Jan June .1 an D ec. O ct. D ec. D ec. F eb. D e c. D e c. 14 12 13 13 29 17 18 26 23 15 9 101% Jan. 20 Tan. 13 3 9 8% N o v . 3 29 100% M a y 25 N o v . 15 4 83 14 100% Jan. 2 10 99% A pr. 23 5 105% June 29 Jan. 4 30! 106 1 13! 94% July 1 9 1 05 Sept. 25 3 101% D e c. 2 Jan. 26 241 Sti Apr. 22 28 100% D e c . 27 Feb. 27 2 U S2 j 9 102% June 2 M a y 25 2 103 101 July 16 103% O ct. 2 O ct. 22 96 100 July 19 96% D e c . 6 Feb. 6 LO O 199% Feb. 13 100 D e c. 3 1 0 2 % July 14 97% June 3 O ct. 14 97 98% D ec. 2 9 8% June 1 F eb. 25 91 103% M a y 28 104% M ay 28 103% June 1 108% M a y 7 M a y 25 104 9 7 % M a y 26 97% A ug. 15 90% D e c. 23 6 62 .4 Feb. Sept. 11 98 109% A p r. 16 Jan. 18 107 106% Jan. 18 100 14 14 14 June l i Jan. 22 O ct. 6 June 3 271191 D ec. 11 103 July 22 108% D ec. 30 93 Jan. 99 % 31 03 Jan. 108% D ec. 10 85% Jan. 98 6 96% Sent. 1 00 % D ec. 1 10 1% D ec. 95 D ec. 17 101 % M a y 105% D ec. 3 96% Sent. 10 0 % D ec. 22 99% M a y 100 % D ec. 16 9‘> V, Mar 98 14 95% D ec. 96 D ec. 3 100 11.1 % A pr. D ec. 22 93 Jan. 98% D ec. 7 84 98 N ov. 23 92 9 2% D ec. D ec. 6 113% Jan. 116% D ec. 18 75% Jan. 91% D ec. 17 88 M ar. . 99% D ec. 24 101 N o v . 5 107% D ec. 30 79 July 21 95% G ee. 3) 100 % J a n . 12 1 0 2 % D ec. 1 102 A ug. 27 110 D ec. 3 »7 Feb. 92 D ec. 11 Jan. 95 104% D ec. 14 99% M a y 119 D ec. 20 96% A ug. 100% D ec. 3 98% M ay 102% D e c. 1 100 % O ct’. 103% D ec. 17 92 July 99% D ec. 4 104 Jan. 107 D ec. 31 119% Sept. 122 D ec. 11 '0 9 % Jan. 112 % 31 100 D ec. 100% D ec. 2 8 4 % D ec. 97 101 Feb. 100 '01 D ec. 9 June D ec. 9 100 M ar. 148 D ec. 11 99 90% A pr. D ec. 16 100 July 104% D ec. 11 88% 84% O ct. 90 Sept. 90 92% Jan. 104% D ec. 18 94% M ar. 100% D ec. 90 90 D ec. 7 99% Jan. 102% D ec. 27 91% June D ec. 31 79 Feb. 93% D e c. 1 100% Jan. .1 0 3 % D e c . 24 101% O ct. 8 103 D ec. 29 100% Jan. 21104 D ec. 2 9 4% Jan. ? 98 D ec. 14 98% N o v . 16!100% D ec. 20 91 % Feb. 9 98% D e c. 20 101 % June 1 2 105% D e c. 1 1 98% Apr. 15 102 D e c. 10 100% July 20 102 % D ec. D ec. D ec. D e c. D ec. D ec. D ec. D ec. D ec. Prices. June 4 D ec. 15 A u g. 6 M ay 8 D e c. 30 Sept. 7 M ay 3 D e c. 24 A ug. 20 M a r. 1 D e c. 3 M ar. 2 O ct. 6 80% 8 0% 84 15 100 ■ 98% M 10 9 1% 23 98 5 98 30 100% F eb. 3 Feb. 4 M a y 12 N o v . 18 O ct. 7 N ov. 4 D ec. 17 D ec. 3 June 16 O ct. 15 D e c. 14 M ar. 5 N ov. 5 July 29 D e c. 23 Aug. 20 D ec. 18 D ec. 17 F eb. 1 D ec. 30 S ept. 11 Sept. 10 A ug. 10 D ec. 11 N ov. 3 D ec. 20 D e c. 3 July 9 D e c. 17 A p r. 24 Jan. 29 Feb. 19 D e c . 31 S ept. 27 Jan. 7 Jan. 7 D e c. 9 D e c. 11 D ec. 16 July 9 S ept. 24 A ug. 16 June 9 D e c . 28 D e c. 7 Jan. 6 O ct. 22 July 27 F eb . 27 D e c. 29 M a y 12 D ec. 14 Aug. 6 July 28 June 4 N o v . 24 D ec. D ec. D ec. N ov. June July A p r. Sept. July 14 14 14 26 14 12 27 2 26 Ja n . 1927.] , w. y. BONDS STOCK EXCHANGE. 11 Price Jan. 2 1926. Sales in ' 1926. ( (12 Mos.)\ Bid Ask. 16,929,000 10944 Sale 320.000 2,28J ,000 9944 100 2 , 221,000 10054 10044 1.345.000 10044 Sale 299,000; 107 108 114,000! 1.701.000 10444 Sale 194.000 9 0 4 4 -------61,000 102 161.000 12044 _____ 129.000 7744 78 390.000 7744 7844 114.000 98 44 9944 191.000 107 44 -------474.000 107 Sale 964.000 770.000 9544 _____ 519.000 101 10144 2.222.000 10244 Sale 48.000 99 325.000 101"" Sale 7,000' 92 44 94 Internat T & T conv deb 514s .1945 M S Italian Public U tility s f g 7s 1952 J J Jurgens Works bs __ _____J947 J J Kansas C ity Power & Lt 5s____ 1952 M S Kansas Gas & El 1st s f 6s_____ 1952 M 8 Kayser (Julius) & C o 7s________1942 F A Keith C orp (B P) 1st ser g 6 s . .19 4 6 M S Kelly Springfield Tire 8s______ 1931 M N Keystone Telephone 1st 5s____1935 Kings C o E L & Pow g 5s_____ 1937 Purchase m oney 6s__________ 1997 Kings C o Elevated 1st g 4s____ 1949 Stamped guaranteed________ 1949 Kings C o Lighting 1st re f 5s___1954 1st & ref 654s________________ 1954 Kinney (G R) C o con v 7V6s___1936 Kresge Foundation coll tr 6s___1936 J D Liackaw Steel 1st cons 5s Ser A . 1950 M 8 Laclede Gas L re f & ext 1st 5 s . .1934 A O Coll & ref 5 54s Series O _____ 1953 F A Lehigh Coal & N a v 454»_______1954|J Lehigh Valley Coal 1st 5s_____ 1933 J 1st 40-yr gu int red to 4 % ___ 1933 J 2,000 First & ref sinking fund 5s___1934 F 37.0001 1st & ref s f g 5s______________ 1944 F 72,000 1st & refunding 5s____________1954 F 1st & ref 5 s _________________ 1964 F First & ref sinking fund 5s___1974 F 27.000 7.000 _____ 40 Lex A v & Pav F 'y 1st gu g o s . _ 1 9 9 3 : M S 784.000 11844 120 Liggett & M yers T o b a cco 7s____ 19441A O 2.000 11644 _____ R egistered _______________________ A O 5 s . . . ............... 1951 ,F A 1 , 202,000 9944 10144 2,000 9844 _____ R egistered______________________ IF A Liquid Carbonic Corp 6s______ 1941 F A 1,816,000 998.000 Loew’s Inc deb 6s with warr’ts.1 9 4 7 'A O 400.000 11644 Sale Lorlllard (P) C o 7s______________1944:A O 2,000 114 R egistered _______________________ A O 5s_______________ 1951 F A 676.000 97 44 9844 Sale Loulsv Gas & El 1st & ref 5s___1952 M N 2.052.000 98 88.000 89 Louisville R y 1st cons 5s______ 1930,J J 9454 856.000 87 44 Sale LowerAustrianH ydro-E lec 654sl944! F A M anati Sugar l s t s f 754s_______1942 A O 1.113.000 10044' Sale Sale M anhattan R y (N Y ) con g 4 s. 1990 A O 2.923.000 60 838.000 51 2013 J D 2d 4s....................... 5354 508.000 8944 9044 Manila El R y & L t 1st 5s______ 1953 M 8 M arket St R y 1st 7s_____ A pr 1940 Q - J 1.735.000 9844 Sale 458.000 104 44 105 M etropolitan Edison 1st 6s B __1952 F A 960.000 97 1st & ref 5s Series O _________ 1953 J J 97 210.000 103 44 104 44 M etropolitan Power 1st 6s A __1953 J D 275.000 7144 7244 M et W est Side Elev (C hicago) 4s '38 F A M id-C ontinent Petrol 1st 644s. 1940 M S 2.555.000 10144 Sale Sale M idvale St & Ord con v s f 5 s . .1936 M S 5.337.000 93 569.000 97 44 M ilw El R y & L t ref & ext 4 54s_1931 J J! 721.000 9844 Sale Genera] & refunding 5s A ___ 1951 J D G t * re f 5s ser B ___________ 1961 J D 2.976.000 90 9044 542.000 99 M ilwaukee Gas Lt 1st 4s______ 1927 M N| Sale M ontana Pow er 1st V re f 5s A . 1943 J J, 1.272.000 99 44 Sale 649.000 9644 Sale M ont Tram 1-t & re f A 5s_____1941jJ Jj 58.000 General & refunding 5s A ___ 1955'____ Morris & C o 1st s f 454s______ 1939 J J| 1.011.000 "8544 Sale 15.000 SO M ortgage-Bond C o 4s ser 2 ___1966 A 0 ; 367.000 96 44 S afe" 10-20-year 5s series 3 ______ 1932 J J( M urray B ody 1st 644s_________ 1934 J D 1,082.000! 84 44 Sale 49.0001 9844 M utual Fuel Gas 1st gu 5s___,.1947 M N 70.000 10144 M utual Union Tel 5s__________ 1941.M Nj Nassau Elec guar gold 4s_____ 1951 J .1 1 , 886,000 58 1 58 P a National A cm e 1st 7 44s________1931! J D 1,061,000 98 54 Sale National Dairy Prod 6 % n otes. 1940 M Ni 4.608.000 98 Sale 32,000! 102 Nat Enam & Stp 1st 20-yr 5s_ .1929 J D ' 105 2 1 , 000 ! 98 54 100 Nat Starch 20-year deb 6s____ 1 9 3 0 J J 355.000 10144 National T ube 1st 5s__________ 1952 M N 139,000, 10054 10144 Newark C on Gas 5s_________ . 1948:J D New England T & T 30-yr 5sA 19521J D 1,318,000! 100 44 Sale 1st g 444s SeriesB___________ 1961' M N 4,299,000! N Y Air Brake 1st con v 6 s____ 1928 M N 1.795.000 102 54 107 New Orleans P S 1st & ref 5s A . 1952! A O 1,516.000! 9054 9144 208.000 9044 9144 1st & r ef 5s B ________________1952! J D 555.000 81 N Y D ock 50-year gold 4 s ___ 1951|F A _____ N Y EdisoD 1st & ref 6 44s___ 1941 A O 1.506.000 11544 Sale 1st lien & ref 5s B _________ 1944! A O 1.819.000 102 Sale 693.000 104 _____ v Gas El L t Ht & Pow 5 J --.1 9 4 8 J D 797.000 8944 8944 Purchase m oney coll tr g 4s. 1949 F A 3.000 9744 10244 N Y L E & W C oal & R K 544S.1942 M N 18.000 D ock & im pt ext 5s_________ 1943 J J 131.000 10044 Sale N Y Queens E L & P 5s______ i930 F A 21,000 4344 5244 N ew York R ys 1st & re f 4s____ 1942 J J 183.000 43 54 ‘47 Trust C o certfs o f d ep osit________ 86,000 Adjustm ent Incom e 5s, Jan 1942 A O 3 444 216.000 T rust C o certfs o f dep osit_____ 3 5 17,792,000 2344 Sale N Y R ys C orp Inc 6 s______ Jan 1965 Prior Hen 6s ser A ___________ 1965 l p r 4.580.000 236.000 101 N Y & R ich Gas 1st 6s A ______ 1952 M N N Y State R ys 1st cons 444s__19621M N 1.239.000 5654 Sale 273.000 1st con 6 44s ser B ___________ 1 9 6 2 !M N 7854 New Y ork Steam 1st 6s___________ 1947 MN 435.000 102 44 Sale N Y T el 1st & gen s f 444s_______ 1939 M N 2.387.000 97 54 Sale 30-year debenture 6s___________ 1949 F A 1.139.000 110 11044 260.000 107 44 Sale 20-year refunding 6s g o ld ___ 1941 A O 217.000 10144 10154 Niagara Falls Power 1st 5s____ 1932 J J 261.000 105 R efunding & gen 6s____ Jan 1932 A O 10554 Nlag L ock & Ont Pow 1st 5s A . 1955 A O 1.272.000 99 99 44 No Amer Cem ent deb 644s A . .1940 M S 1.938.000 99 44 9954 North Am er Edison C o 6s A . .1952 M S 1.602.000 10154 Sale Sec s f g 6 44s series B ________1948 M S 1,110,000 104 104 44 Nor Ohio T ra c & Lt gen & re f 6s 1947 M S' 1.914.000 92 9254 North States Pow er 5s A _____ 1941 A O 2.103.000 97 54 98 6.000 R egistered __________________ A O Sale 455.000 106 1st & ref 6s series B _________1941 A O 26,000 9644 97 44 Northwest T eleg 1st 4 44s_____ 1934 J J 498.000 11244 -------Ohio Public Serv 1st < ref 7 44s. 1946 A O & 210.000 11054 _____ 1st & ref 7s series B _________1947 F A 661,000 9654 9744 Ohio River Edison 1st 6s_____ 1948IJ J 533.000 97 Old Ben Coal 1st g 6 s_________1944!F A Sale Ontario Power N F 1st 5s_____ 1943 F A 384.000 99 54 100 142.000 Ontario Transmission 1st 5s_ 1945 M N _ Otis Steel 1st 20-year 8s______ 1941'F A 562.000 10544 10544 270.000 Otis Steel ser g 6s ser A _______ 1941 M S Pacific G & E gen & ref 5 s____ 1942 J J 3.031.000 97 54 Sale 796.000 9954 Sale Pacific Pow & Lt 1st & ref 5 s ..1930 F A Pacific T el & T el 1st 5s________ 1937 J J 1,046,000' 10144 Sale 39-year 5s series A __________ 1952 M N 3.109.000 99 99 44 Sale Pan-Am Pet & T C on v s f 6 s ..19 3 4 M N 6,954,000' 112 1.466.0001 11144 112 lstllen 7s___________________ 1930 F A Paramount B ’w ay 1st 544s____ 1951 J J 1.521.000 88 635.000 Park-Lexington leasehold 6448.1953 J J Paterson & Passaic G & E 5 s . . 1949 M S 26,000 Penn Dixie Cem ent 1st 6s A ___1941 M S 185.000 167.000 I I 044 People’s Gas & C oke 1st 6s___1943 A O 929.000 9944 Sale Refunding gold 5s___________ 1947jM S Sale Phila C om pany 1st & re f 6s___1944'F A 1.317.000 104 15-year con v deb 544s_______1938 M S 1.237.000 9854 Sale Sale 836.000 100 Phila & Read C & I ref 5s..........1973 J J 819.000 108 Pierce Arrow deb 8s___________ 1943 M S 10844 Pierce Oil C orp s f 8s__________ 1931 J D 282.000 10444 106 270.000 10154 Sale Plllsbury Flour M ills 20-yr 6 s. 1943 A O 98,000 97 54 9844 Pleasant Valley Coal 1st 5s___1928 J J 111 .000 90 Pocahontas C on C oll 1st s f 5 s. 1957’J J 9144 240.000 10244 Port Arthur Canal & D ock 6 s . . 1953 F A 121.000 101 54 1st mtge 6s Series B _________1953 F A Portland Elen Pnw 1st 6s aer R 1047 M N 657,000 'll BONDS—STOCK EXCHANGE BECORD ___ 100 PRICES I N D ECEM BER . D ec. 31. Bid. 109 108 10244 10544 107 9844 103 54 94 103 12254 80 44 80 44 10044 110 10544 102 44 9844 10054 10444 9844 101 9444 9954 9954 Ask Bid. Sale 10954 9054 Sale 10944 Sale 103 54 Sale 105 54 Sale 107 Sale 98 54 Sale 104 54 93 44 103 54 124 12454 8144 83 8144 82 10044 10054 11144 112 Sale 104 Sale 102 99 99 54 10144 10154 Sale 105 9944 99 10154 10154 9554 RAN G E SIN CE J A N . 1. Lowest. Sale 10854 90 108 102 44 10454 10654 98 10254 93 44 10354 123 Sale 8044 Sale 8054 Sale 10054 11054 10454 10454 Sale 102 Sale 9854 Sale 10054 Sale 104 10054 102 10154 97 9454 101 101 101 99 54 10044 9954 100 99 9954 9954 10044 9954 9954 9954 Ask Sale Sale Sale Sale Sale Sale Sale Sale 9354 Highest. Sale 11054 91 10954 103 54 105 54 107 54 9954 105 94 54 103-54 129 83 82 103 11154 105 54 102 54 100 54 10154 105 99 9954 9344 87 1014s 6844 62 54 9244 96 10754 10054 105 73 54 10454 97 9844 9944 97 54 99)4 10154 ; 9754 ! 9314 I 8644 I 80 I 9654 ! 96 44 10144 10154 ! 5954 110144 100 10154 I 9954 103 54 103 54 102)4 94 54 95 54 9554 10144 85 11554 10354 10544 9154 101 Sale Sale Sale Sale Sale Sale D ec. D ec. D ec. D e c. D ec. D ec. D e c. 10154 9654 101 i OI 100 10054 9954 D ec. D ec. D e c. D «. D e c. D e c. D e c. 95 Sale Sale 10554 Sale 105 Sale Sale Sale Sale 99 54 Sale Sale 93 54 Sale 81 97 Sale 10254 103 44 Sale 102 Sale 102)4 104 44 104 54 103 Sale Sale Sale 102 86 Sale 103 54 106 Sale 10054 10144 6554 65 44 6 Sale 344 10 Sale 29 85 44 Sale 101 53 44 Sale 73 54 76 10454 Sale 98 54 Sale 11044 Sale 10854 Sale 10144 Sale 105 10544 100J4 Sale 9554 96 105 54 Sale 105 44 Sale 9644 Sale Sale 100 104 54 98 114 114 10554 9254 10154 10054 Sale 98 54 11454 11454 Sale 95 Sale _____ 9354 100 100 102 54 10154 10454 105 9854 93 102 54 Sale Sale Sale Sale Sale Sale Sale Sale Sale 103 54 113 54 10154 10454 10054 10254 107 54 10354 103 9954 qi vs 105 10454 100 104 Sale 102 D ec. D ec. 10154 Sale 100 11754 11854 11654 D ec. 10054 9954 93 54 8954 104 54 69 57 9354 97 107 54 10054 105 75 10454 97 44 9854 9954 9854 9944 10154 9854 9444 86 54 81 9654 96 54 10154 10154 6154 10154 10054 10154 9944 10354 102 54 10354 95 54 96 9554 10154 85 (4 115 54 10354 106 9254 101 101 Sale Sale 9554 9044 Sale Sale 60 9554 Sale 10744 Sale 10654 7644 104 44 Sale Sale 100 Sale 9954 Sale Sale Sale 9754 9654 103 61 10254 Sale 102 101 104 103 Sale Sale Sale Sale 102 Sale Sale Sale 10654 Sale 27 2 10 20 2 6 23 10 10 Sale Sale 103 Sale Sale 10554 9854 Sale Sale 10154 105 54 Sale 101 90 9454 10454 Sale 105 10554 Sale 96 10054 Sale 98 54 10454 Sale 98 98 54 Sale 115 11454 115 10554 Sale 91 9154 10154 10234 10054 10054 94 100 10054 10254 10154 105 10454 98 92 10214 9954 Sale 99 vi Sale 102 54 Sale 10354 Sale 10054 Sale 101 108 54 108 10354 10154 Sale 10254 9954 Sale Qi 14 Sale 10554 105 10454 10014 102 D ec. D ec. D ec. D ec. D ec. D ec. D ec. 10054 101 95 90 10554 69 54 6254 D ec. D ec. D ec. D ec. D ec. D ec. D ec. ‘ 9454 10554 10054 105 7354 10454 9654 9854 98 54 9754 9954 10154 9754 94 8654 81 96-’4 9554 10154 102 5954 100 % 9954 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 9754 108 101 10554 76 105 97 54 98:54 98 54 99 54 10254 99 9454 8654 81 9754 9754 10154 102 62 102 10054 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. D e c. 103-54 102 54 102 54 9454 9554 95 D ec. Dec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. 104 10214 103 54 95 54 9654 9654 10154 85 54 11554 103 54 106 54 9254 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. 10 114 ... D ec. 10154 101 6754 D ec. 2854 85 10254 54 7054 105 98 54 11054 10854 10154 105 10654 D ec. 102 D ec. 11854 D ec. 9954 93 54 8654 10154 66 3 4 6254 8354 11554 103 54 105 54 9154 Highest. Prices D e c. 22 D ec. 28 D ec. 31 D ec. 28 D ec. 1 D e c. 18 D ec. 13 D ec. 27 D ec. 13 D ec. 29 D ec. 27 D e c. 31 D ec. 31 D e c. 11 D ec. 14 D ec. 1 D ec. 20 D ec. 20 D ec. 22 D ec. 23 Sale 12154 D ec. 14 123 54 D ec. 12144 12444 122 12154 12244 Sale 101 D e c. 13 103 D ec. 10154 10244 103 10554 Sale 10044 Sale 11644 118 Lowest. Sale Prices Sale Prices 107 July : 11654 Jan 25 D ec. 28 90 D e c. 27 91 June 18 100 Jan. 4 116 A ug. 16 10054 Jan. 7 104 10154 Jan. 2 106 54 M a y 12 105 A pr. 29 107 14 Jan. 9 96)4 O ct. 20 9954 D ec. 13 F eb. 3 108 10254 D ec 90 Feb 9454 D ec. 13 June 30 102 Jan 104 D ec. 27 129 11954 Oct. D ec. 31 7 7 >4 Jan. 83 Sept. 22 7 7 h M ar. 22 89 O ct. 29 9854 A pr. 5 103 106 Feb 10 112 O ct. 25 Jan 2 10154 Sept. 17 107 100 Sept. 3 10514 Sept. 7 9654 Jan 5 10054 D e c . 20 100 M a y 3 10354 A u g. 21 A pr. 10 10254 Jan. 2 105 June 25 97 Sept. 20 100 27 10054 M a r. 24 10114 Aug. 24 28 9414 Sept. 13 96 54 D e c. 28 10 101 D e c. 10 10154 N o v . 27 6 9954 D e c . 20 101 D ec. 6 9 99 June 14 101 N o v . 19 27 9954 D e c. 6 10054 D e c . 27 3 9954 D ec. 23 9954 D e c . 3 40512 F eb . 10 3 9 78 Feb. Jan. 6 12654 Jan. 27 10 118 Jan 26 12054 M a y 20 122 28 9954 M ar. 10 10354 M a y 22 July 8 99 54 Sept. 18 100 N o v . 19 3 98 O ct. 20 107 13 9854 N o v . 5 102 D ec. 13 28 11554 Jan. 13 12154 June 28 11854 June 21 11854 June 21 June 29 13 9854 Jan. 7 102 6 9754 Jan. N o v . 17 6 101 10 8914 Anr. 17 96 A ug. 21 15 8254 M a y D e c. 15 90 13 93 54 June 10554 D ec. 13 24 5954 Jan. 6954 M a y 27 63 June 5 28 53 Jan. 8914 .Tan. 98 O ct. 1 27 94)4 D e c. 9954 F eb. 16 14 104 Jan. 10814 O ct. 9 11 9654 Jan. 10154 A pr. 28 30 10254 Jan. 10654 O ct. 21 28 7154 Jan. 76 D ec. 28 20 10154 Jan. 10554 Sept. 13 31 9254 Jan 98 M a y 11 10 9654 M a y 26 99 Jan. 14 3 9854 D e c “ 10154 N o v . 3 13 31 90^2 Jau. 6 9854 D ec. 31 2 99 Jan. 2 99 54 June 17 20 9014 .Tan. 9 105 June 12 20 9654 A pr. 7 99 D ec. 20 20 924i Jau 19 9454 D ec. 20 13 84 Jan. 29 A p r. 8 88 11 80 Feb 23 81 M ay 7 F«b 8 23 9654 F eb. 13 98 22 8354 M ar 31 9754 N o v . 24 11 96 54 Sept. 28 10H June 17 29 100 M a y 1 10254 Jan. 27 22 58 54 Jan. 14 a Pub. 19 17 98 A p r . 5 10254 N o v . 15 18 9554 M a r. 3 100 Vi Sept. 7 Tan. 7 10014 A pr. 16 103 9954 June 16 10354 Sept. 1 11 101 54 Jan. 7 104 ‘ 2 Sept. 14 14 100 54 M ar. 16 1035^ June 21 15 10014 Jan. 2 10354 D ec. 15 17 9254 July 24 9554 N o v . 24 9 10054 M ar. 22 103 June 14 9 9054 Jan. 5 9654 June 25 28 9054 Jan. 11 9654 A pr. 26 22 8154 Jan. 6 8654 A pr. 28 2 115 M a y 21 M a r. 3 118 3 102 Jan. 2 104 54 M a y 24 17 104 Jan. 4 106 54 D ec. 17 14 89 54 Tan. 5 9254 D ec. 14 July 16 101 July 16 101 101 54 Jan 15 102 54 M a y 26 2 10054 Jan. 2 103-^ .Tan. 22 27 52 Jan. 30 6754 D ec. 27 46 Jan. 15 62 Sept. 9 18 454 O ct. 27 10 54 F eb. 8 15 3 54 Jan. 6 10 54 F eb. 6 15 22 37 A pr. 30 Jan. 7 81 54 Oct. 8814 M a y 8 3 10054 M a r. 23 16354 O ct. 8 1 49 O ct. 26 5954 Feb. 5 4 66 O ct. 26 82 Feb. 17 13 10154 M ar. 23 10554 N o v . 16 9 97 Jan. 19. 9954 N o v . 1 3 109)4 Jan. 14 11154 A pr. 28 1 10714 Jan. 2 10954 M a r. 9 6 10054 F eb . 19 103 A pr. 23 8 1043 M a r. 3 10654 F eb. 1 A 31 99 Jan. 13 10154 June 2 4 94 Jan. 9 D ec. 28 100 3 10154 Jau. 2 10654 N o v . 22 3 10354 Jan. 4 106 Jan. 13 M a y 25 92 54 Jan. 4 99 * 101 3 07 ^ .Tan. M a y 11 99 July 30 99 54 Sept. 15 22 104H July 19 106 14 Anr! 28 ^ .Irifl O 9854 N o v . 30 23 112 July 12 1 I6y2 Sept. 23 10 1 1054 Jan. 30 119 A ug. 24 31 101 54 M ar. 27 10654 June 14 3 88 M a y 25 97 54 Jan. 2 29 9954 M a r. 17 102 54 M a y 25 9954 Jan. 14 101 M a y 10 I n't y , Tan / 5 1083 Feb. 18 4 9 9354 D ec. 26 94 54 N o v . 26 7 J7 > Jau. 2 10154 D ec. 7 % 2 99 54 Jan. 8 101 hj Sept. 13 3 10014 Sept. 17 10254 A pr. 22 8 98 54 Jan. 7 10254 A p r. 16 28 104 M a r. 31 11254 Jan. 4 2 103 54 M ar. 31 10714 F eb. 17 2 9254 A p r. 6 9854 D ec. 2 15 8514 Jan. 19 96 M ar. 1] Tan. 4 10254 A ug. 4 9 ion 10 9954 De c . 21 9954 u e c . 10 u ec. 2 1 D ec. iu 16 I U g .4 M ar. 12(11454 D ec. 16 15 98 54 Jan. 20 103 54 June 18 9 10214 Sept. 8 10 .W Anr 28 2 9854 Jan. 2 10154 A p r. 27 6 9954 M a r. 3 10254 M ay 11 10 103 M a r. 3 109 A ug. 23 3 99 Sept. 20 10754 Jan. 18 29 101 54 A pr. 24 10454 M ar. 26 M ay 8 98 54 Jan. 4 106 10 9054 Jan. 16 n? Anr. 29 Jan. 15 10554 D ec. 1 11 102 15, 10154 F eb. 26 10554 M a y 24 Jan. 2 104 June l e 3 1 1 99 Prices. D e c. 1 D ec. 27 D e c. 4 D ec. 3 D e c. 3 D ec. 8 D e c. 4 D ec. 3 D ec. 14 D ec. 29 D ec. 6 D ec. 4 D e c. 2 D ec. 6 D e c. 7 D ec. 24 D e c. 1 D ec. 7 D e c. 31 D e c. 6 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. D ec. D ec. 100 94 D ec. 104 D ec. 104 54 D ec. 9554 D ec. 100 D ec. 6 8 29 85 10254 53 54 7054 104 54 9854 11054 10854 101 105 100 10154 D ec. 6754 D ec. 8 8 34 54 8554 103 54 77 105 54 99 11054 108 54 102 10554 101 96 105 54 106 9654 10054 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D »c . D ec. D ec. D ec. D ec. D ec. D ec. 10454 D e c. 16 10454 D e c. 113 54 114 105 91 10054 D ec. D ec. D ec. D ec. D ec. 11554 11454 10554 94 10154 D ec. D ec. D ec. D ec. D ec. Sale Sale Sale 10254 102 Sale 105 Sale Sale 103)4 Sale Sale Sale 104 10154 Sale 10854 103 104 9354 100 9954 10254 10154 10454 104 54 9754 92 102K 9954 _13>4 10154 10354 10054 101 108 10354 10254 D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. D ec. D ec. D ec. D ec. D ec D ec. D ec. 95 10154 10054 10254 10154 10614 105 54 98 54 95 10 ? 14 9954 11454 10254 104-54 101 10254 10854 10354 103 54 D e c. D e c. D ec. D ec. D ec. D ec. D e c. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D ec. D e c. D ec. Sale Sale 9154 105 105 54 100 D ec. D ec. D ec. D ec. 91 -54 105 54 105 54 102 D e c. D ec. D e c. D ec. ) 22 BONDS-STOCK EXCHANGE KECORD BONDS N. Y . S T O C K E X C H A N G E . Sales in 1926. 12 M os.) $ Price Jan. 2 1926. Bid. 9944 92 54 8944 99 106 10554 9444 1044 11044 10044 103 44 103 44 10644 106 Ask 100 95 Sale 9954 10644 106 95 --11254 Sale 104 Sale Sa’ e Sale [Vol .124. PRICES I N DECEM BER. D ec. 1. Bid. 10044 95 90 44 10044 10654 Ask. 10044 96 Sale 101 107 Dec. 31. Bid. 10044 9454 9144 102 10644 Lowest. Ask Sale 10044 100 Sale 9454 9044 Sale Sale 100 10654 10644 Prices. D e c. 6 D e c. 20 D e c. 2 D e c. 8 D e c. 10 R AN G E S IN C E J A N . 1. Highest. Lowest. Highest. Sale 10044 9544 9144 102 10644 Prices Sale Prices. Sale Prices. Portland Gen E lec 1st 5s_____ 1935 J J 194.000 D e c . 20 9954 Jan. 23 10244 M a y 1 Portland R y 1st & re f 5s______ 1930 M N 264.000 June 21 D e c. 6 92 54 Jan. 6 96 Portland R y , L & P con v 5s___1942 F A 646.000 D e c. 13 8854 Jan. 8 94 54 M a y 3 1st lien & re f 6s series B ____1947 M N 570.000 Jan. 4 10344 A u g. 3 D e c. 31 99 1st & ref 744s series A ______ 1946 M N 321.000 D e c. 3 10554 M a y 8 10854 M a r. 19 Porto R ico Am er T o b a cco 8s__1931 M N 17.000 10454 O ct. 25 10644 F eb. 2 Pressed Steel Car 10-year 5s___1933 J J 1,088,000 9444 Sale June 10 9844 Jan. 30 9444 D ec. 14 9644 D e c. 30 94 9444 96 Prod & R e f 8s with w a rran ts..1931 J D 15.000 11144 Sale 11144 11044 M a r. 21 112 54 F eb. 3 148.000 111 Sale 11054 H I W ith out warrants________________ J D 10954 Jan. 26 11244 A p r. 26 11054 D e c. 10 11144 D e c. Pub Serv C orp N J sec g 6s___1944 F A 3.523.000 104 Sale 104 100 Jan. 4 10454 June 12 Sale 103 54 D ec. 27 104 D ec. Public Serv E & G 1st 5448____ 1959 A O 1.220.000 105 Sale 10444 Sale 10454 D e c. 4 10544 D e c . 13 10354 June 1 10644 Sept. 16 1st & ref 514 s ______________ 1964 A O 1.113.000 105 Sale 10444 105 104 D ec. 7 10544 D ec. 17 103 44 Jan. 2 10544 M a r. 23 Public Service E lec L t s f g 6 s . .1948 A O 107 Sale 100 913.000 Jan. 8 109 O ct. 20 Sale 10654 D ec. 2 10744 D e c. 20 106 1.142.000 Punta Alegre Sugar 1st con v 7 s . 1937 J 11154 Sale 11054 1114 11044 D e c. 7 11154 D e c. 15 104 M a r. 31 11154 D e c. 15 R and K ardex Bureau 514 s ____ 1931 J J 54.000 130 Sale 12954 D ec. 27 13044 D e c. 24 12954 D e c. 27 13044 D e c. 24 Rem ington Arm s 1st s f 6s____ 1937 M N 1.456.000 85 44 Sale 9444 Sale 94 D e c. 2 97 D ec. 22 D e c. 22 8044 A p r. 30 97 9544 Sale 176.000 98 Republic Iron & Steel s f 5s___1940 A O 9854 10054 Sale 10154 Sale 10054 D e c. 10144 D e c. 20 9744 Jan. 19 10144 D e c. 20 R e f & gen 514s A ___________ 1953|J 2.482.000 9254 Sale J D e c. 23 97 54 Sale 99 Sale 100 D e c . 23 9244 F eb. 26 100 9744 D ec. 12.314.000 Rheinelbe U nion 7s with w a r. .1946 J 11344 Sale 11944 Sale 11354 D ec. 11954 D e c. 31 9544 M a y 24 11954 D e c. 31 W ith out stock purch w a r----- 1946 J 6.521.000 9654 Sale 97 D e c. A ug. 9954 D ec. 31 9954 Sale 9954 D e c. 31 93 R hine-M ain-D anube deb 7s ser A ’50 M S 904.000 102 Sale 10244 102 5 101 103 D e c. 9 D ec. 103 D ec. 9 98 A ug. R hine-W est E lecP ow er 7s_____ 1950 M N 1.449.000 M a y 27 10254 D ec. 17 10144 Sale 10154 Sale 10054 D e c. 10254 D e c. 17 95 F A 1.649.000 9044 90 44 9244 Sale Rlm a Steel 1st 7s______________1955 A p r. 1 94 D ec. 10 94 Sale 94 D e c . 10 88 9244 D ec. R obbins & M yers 1st s f 7s____ 1942 J D 320.000 6144 62 68 70 Sept. 29 77 O ct. 29 68 D ec. 17 70 D e c. 2 54 56 68 459.000 11244 Rochester Gas & E l 7s ser B ..1 9 4 6 M S July 17 114 Jan. 27 11144 Sale 11144 11144 11144 D e c. 1 11254 D e c . 20 111 Gen M tge 514 s series O . ____ 1948 M S 177.000 10544 Jan. 13 D ec. 24 106 106 D e c. 20 10454 M a y 1 106 10554 Sale 10544 ~ ‘ 16.000 R och & Pitts C & I pur m on 5 s .1946 M N 9044 Sept. 29 90 44 A u g . 21 9044 9044 92 44 Rogers-Brown Iron 7s_________1942 M N 198.000 7144 73 50 Sept. 11 7354 M a r. 9 50 D ec. 10 50 D e c. 10 50 52 50 S 229.000 Stam ped__________________________ M 1 T D e c. 28 49 D ec. 9 6514 A pr. 30 Sale 49 D ec. 9 51 4954 50 229.000 91 St Joseph R y , L H & P 1st 5 s . .1937 M N Sale 9154 94 54 95 >4 96 9544 D e c. 2 9754 D e c. 17 9144 Jan. 12 9754 D e c. 17 St Joseph Stock Yards 1st 4J4S.1930 J 9,000 96 -------95 54 June 3 97 44 A u g. 6 97 54 9754 St L R k y M t & P ac 5s sta m p ed. 1955 J 204.000 78 7944 7554 7554 D e c. 3 7744 D e c. 10 75 N o v . 13 8144 F eb. 5 75 54 76 St Paul C ity R y Cable 5s_____ 1937 J 479.000 95 44 100 June 18 9544 Feb. 10 98 9544 9554 9544 9554 San A ntonio Public Serv 6s___1952 J 467.000 10144 101 54 105 44 10644 Sale 10544 D ec. 10644 D e c . 3 10154 Jan. 6 10644 June 23 Saxon P ub W ks ("Germany) 7 s. 1945 F 2.873.000 9254 Sale 110 S e p t .15 9954 Sale 10144 Sale 102 D ec. 14 9254 Jan. 9954 D ec. 1.079.000 Schulco C o guar 614 s __________1946 J Sale 9954 Sale 100 9844 D ec. 10044 D ec. 10 9844 D ec. 10044 N o v . 9 153.000 Guar sinking fund 614s B 1946'A 100 D e c . 30 D ec. 30 9844 D ec. 9944 9954 9844 D ec. 4 100 Sharon Steel H oop 1st » s _____ 1941 M 555.000 106 44 10744 108 109 M a r. 17 D ec. 3 10844 D e c . 2 10754 Jan. 10844 10744 10754 108 Sheffield Farms 1st & ref 6 14s. 19421A O 502.000 10644 10654 108 108 D ec. 6 108 D e c. 6 10644 Jan. 10844 Jan. 27 10844 107 44 108 Sierra & San Fran Power 1st 5s_ 1949 F A 1.210.000 9144 Sale D ec. 30 9544 D e c. 7 91 44 Jan. 9544 Sale ‘ 9844 A u g. 11 95 9544 95 500.000 _ Silesian-Am C orp col tr g 7s_ 1941 F A D e c . 17 9544 Sale 99 Sale D e c. 17 95 44 N o v . 26 99 9544 D e c. 1 99 65.000 101 Sale 10144 Sale 10054 D ec. 7 10144 D e c. 31 10054 D ec. 31 10144 D e c. 31 Simms Petroleum cons 6s_____ 1929 M N 7.666.000 93 54 Sale Sinclair Cons Oil 1st hen 7s_ 1937 M _ 9644 Sale 9644 D ec. 1 9854 D ec. 20 93 54 Jan. 4i 99 54 July 13 9744 Sale 13.566.000 11354 Sale 1st lien 6s C with warrants. .1927 J 9954 Sale 10054 Sale 9954 D e c. 1 10144 D ec. 21 9944 N o v . 30 11354 Jan. 2 4.825.000 87 1st lien coll 614s B __________ 1938 J 9144 Sale Sale Jan. 2 9454 July 7 9244 Sale 9154 D ec. 1 93 54 D e c. 23 87 Sinclair Crude Oil Purch 6s A .. l § 2 8 F 3.965.000 10044 Sale 10054 Sale 10054 10044 10044 D ec. 9 101 D ec. 17 10044 A p r. 6 10144 M a y 25 1.942.000 3-year 6 % notes B ._ F e b . 15 1926 F 10054 M a r. 11 10144 June 9 3.953.000 87 Sinclair Pipe Line 20-year 5 s ..1942 A Jan. 2 9444 S ept. 13 Sale 9244 Sale 9244 D ec. 9344 D e c . 23 87 9244 Sale 523.000 101 Smith (A O) C orp 1st 614s____ 1933 M N July 8 10244 Jan. 22 10154 10154 Sale 10244 Sale 10154 D ec. 10244 D e c. 31 100 570.000 10744 Sale “ ~ ' R ~ So P orto ~ ico Sugar s f 7 s . ..1 9 4 1 J I) 10944 Sale 108 10744 D ec. 108 10944 D ec. 1 10554 Sept. 3 10954 A p r. 23 1.109.000 10144 Sale 103 D e c. 23 10144 Jan. 2 10344 A p r. 16 South Bell T & T 1st s f 5s____ 1941 J 10254 10344 10354 Sale 10254 D ec. 1.059.000 9844 Sale Southern C olorado Power 1st g 6s’47 J N o v . 26 D ec. 10044 D ec. 1 9744 Jan. 7 103 10044 Sale 10044 Sale 100 3.662.000 10054 Sale Southw Bell Telep 1st & ref 5 s. 1954 F D ec. 103 103 54 103 44 Sale 103 10354 D e c. 28 10054 Jan. 2 10354 D e c. 28 24.000 9844 9944 100 Spring Valley Water g 5s_____ 1948 M N 9944 A p r. 8 10054 N o v . 30 10044 10144 Sale Sale 10054 -----422.000 100 44 10054 Standard M uling 1st 5s________ 1930 M N 9944 D ec. 14 10044 D e c. 1 9854 F eb. 16 101 44 A p r. 28 498.000 9844 D ec. 14 10244 D e c. 29 9744 Jan. 7 10244 D e c. 29 100 10044 102 44 ____ 100 1st & refunding 514s________ 1945 332.000 D e c. 21 D e c. 21 10144 D ec. 28 102 Stand Oil (N J) deb g 5 s .D e c 15 '46 F 10144 Sale 10144 D e c. 28 102 Jan. 16 1,151,000 10754 Sale 8 te e l& T ube gen s f 7s ser 0 .-1 9 5 1 J 10744 Sale 10744 10744 10744 D e c. 22 10754 D e c. 9 10744 D ec. 22 109 D ec. 11 9944 O ct. Stevens H otel 1st 6s ser A _____ 1945 J 9944 Sale 100 Sale 9944 D e c. 9 100 1 10144 A u g. 7 M a r. 12 D e c. 16 8944 Jan. 4 100 Sugar Estates Oriente 7s_____ 1942 M S 99 9944 9844 D e c. 1 100 8944 9044 9844 Sale Jan. 21 10044 D e c. 10 100 Sale 10044 10044 100 Superior Oil 1st s f 7s_________ 1929 FAB D ec. 1 10044 D e c. 10 95 9244 95 M a r. 2 103 D ec. 17 D e c. 17 100 Syracuse Lighting C o 1st g 5s_1951 J D 10254 D e c. 30 103 10254 -------- 10254 — 10044 10454 July 16 D e c. 23 10244 M a y Tenn C oal, Iron & R R gen 5 s. .1951 J 104 D ec. 23 104 10254 10344 10354 105 enn Copper & Chem deb 6s ser A '41 A O D ec. 4 10044 D e c. 22 100 D ec. 10044 N o v . 20 100 10044 100 Sale 100 106 June 25 10544 Sale 10544 Sale 105 enn E lec Power 1st & ref 6s _ . 1947 J D ec. 20 10554 D e c. 1 10254 Jan. 10254 Sale 6454 Sale 6644 N o v . 26 Third A ve 1st re f 4 s __________ 1960 J 6454 D e c. 1 6644 D e c. 28 5544 Jan. 6544 Sale 5544 Sale 6554 F e b . 6 59 44 Sale 63 Sale A djustm ent incom e 5s__Jan 1960 A 4154 Sale 59 44 D ec. 1 6454 D e c. 24 4144 Jan. Third A ve R R 1st gold 5s_____ 1937 J 97 9744 9744 D e c. 13 9854 D e c. 28 9254 M a y 19 9854 D e c. 28 94 9454 9844 Sale 98 Sale 9754 D ec. 4 9844 D ec. 11 9044 Jan. 16 9854 D e c . 11 T oh o Elec Power (Ltd) 7s Ser A 1955 9754 Sale A u g. 24 9854 Sale 9744 D e c. 9 9854 D ec. 15 9744 D ec. 9 99 9844 Sale 6 % n otes____________________ 1929 D e c . 1 97 M a r. 25 9944 June 29 9844 Sale 9844 D e c. 2 99 T o k y o E lectric Light (L td) 6s_1928 ____ 9854 Sale T oled o Edison 1st g 7s_______ 1§41 M S 108 10844 10844 Sale 10754 D ec. 10 10844 D e c. 18 10744 A u g. 25 10954 Jan. 16 109 Sale O ct. 29 9944 Sale Jan. 2 101 99 D ec. 3 9944 D ec. 16 98 99 Sale 98 Sale T oled o T r, L & P 5 K % n o t e s ..1930 J Trenton Gas & E lec 1st 5s____ 1949 M S 10244 D e c. 7 102 44 D ec. 7 10044 Jan. 28 10254 June 5 9944 10344 102 44 10244 10244 103 9844 Sale A u g. 3 9744 D ec. 21 9844 D e c. 1 9444 M a y 11 99 9744 Sale Trum bull Steel 1st s f 6s______ 1940 F M ay 3 66 70 Jan. 27 75 D e c. 10 61 67 D e c. 10 67 Twenty-third St R y imp & ref 5s '62 J _____ 65 5944 67 N o v . 19 97 Sale D e c. 11 9444 June 21 98 99 Sale 97 D e c. 1 98 T yrol H ydro-E lec Power 7448-1955 Sale D e c . 13 97 O ct. 16 100 D ec. 13 96 97 D e c. 1 100 Ujigawa E lec Power 7s________ 1945 M S 9854 Sale A p r. 15 94 94 F eb . 1 96 Undergr’d o f London 414s______ 1933 J 9644 -----9254 -----90 M a r. 25 96 N o v . 15 94 Incom e 6 s_____________ :_____ 1948 J _ 9644 -----91 54 - - - Sale 10144 Sale 101 101 D ec. 10144 D e c. 2 10044 A u g. 31 102 44 Sept. 11 Union El L & P 1st g 5s________ 1932 M S 10054 Sale Sale 10144 Sale 101 101 10144 D e c. 24 10044 Jan. 2 10254 June 11 R efunding 5 s_________________1933 M N D ec. 10044 Sale D ec. 17 103 D ec. 17 10044 Jan. 2 103 10144 Sale 102 44 Sale 10144 D ec. 1st gold 544 s series A ________ 1954 J 10044 Sale 83 D e c . 4 7744 Jan. 30 8544 July 2 Union E lev R y C hic 1st 5s_____1945 A 8244 D ec 78 79 44 8244 8244 8244 83 Sept. 15 10044 A p r. 12 102 10144 D e c. Union Oil Cal 1st 1 5s___________1931 J J 10144 1 0 1 " 10144 10154 10144 D ec. 10044 101 108 54 D ec. 28 10054 M a r. 30 10854 D e c. 28 3 0 -y r 6 s S e r A __________ M a y 1942 F A 104 10444 10654 10744 107 54 10854 107 44 D ec. First lien s f 5s Ser C _________ 1935 A O 9844 9854 9854 9944 9844 D ec. 20 9954 D e c. 18 9544 Jan. 31 9954 D ec. 18 9544 Sale 10744 June 11 10654 Sale 107 United Drug g 6s_____________ 1944 A O Sale 10644 D ec. 27 107 44 D e c. 17 10344 Jan. 10344 Sale 10444 A u g. 17 10244 Sale 10244 103 United Fuel Gas 1st s f 6s______ 1936 J J 10244 D ec. ~ 103 44 D e c. 10 10144 Jan. 10144 Sale Sale A p r. 10 7744 D e c. 14 74 44 Jan. 12 79 United R ys St L 1st g 4s______ 1934 J J 77 7754! 77 D ec. 74 74 54 77 F eb. 6 92 D e c . 13 8744 July 19 95 United Steamship 15-yr 6s____ 1937.M N 8944 90 89 D ec. 94 9444 8944 905 Sale 10454 Sale 10454 D ec. Jan, " 106 N o v . 22 105 D e c. 6 103 United Stores R ealty 6s_______ 1942 A O 103 103 44 105 9444 Sale 9544 D e c. 20 9154 Jan. 9544 N o v . 17 U S R ubber 1st & ref 5s Ser A .l9 4 7 | j J 95 Sale 9444 D ec. 9154 Sale 9244 Sept. 14 9254 Sept. 14 J R egistered_____________________ J 10544 Dec. 18 108 54 Feb. 6 10-year 7 14s________________ 1930 F A 106 Sale 10544 D ec. 18 106 44 D e c. 10654 107 107 Sale N o v . 16 July 2 108 10544 Sale 106 54 Sale 10744 Sale 106 54 D ec. 2 10744 D e c. 23 103 U 8 Steel C orp s f g 5s___A pr 1963 M N 10644 D ec. 13 10654 D e c. 23 10454 July 20 10654 D ec. 23 R egistered________________________ D e c. 18 8644 Jan. 19 9444 N o v . 15 93 54 Sale Utah Light & T ra c 1st & ref 5s. 1944 93 44 D e c. 2 94 8744 Sale 9354 Sale 95 Jan. 9954 June 11 98 Sale 9754 Sale Utah Pow er & L t 1st 5s_______ 1944 9754 D ec. 27 9944 D e c. 9544 Sale 10054 Jan. 21 102 54 Sept. 22 Utica E lec L t & Pr 1st 5s_____ 1950 10054 10144 10254 ------ 102 44 ____ D e c . 20 10044 Jan. 103 D e c. 20 103 D ec. U tica G & El ref & ext 5 s_____ 1957 102 10244 10254 103 5 102 lOOPs Sale D e c. 30 9044 Jan. 100 D e c . 30 D ec. 100 Sale 100 Sale 99 Vertientes Sugar 1st s f 7s____ 1942 9044 91 44 99 6444 A p r. 29 53 44 Feb. Victor Fuel 1st s f 5 s__________ 1953 5644 -------- 5644 -----53 44 6244 105 M a r. 27 110 A u g. 20 Va-Car C hem 1st 7s____________1947 _____ 107 110 10444 -------- 107 109 D e c. 17 10454 M a y 11144 A u g . 26 Sale 107 D e c. 108 ____ 107 S tp ’d a s t o p a y ’ t o f 4 0 % Ist7 sl9 4 7 10554 Sale A u g. 21 107 107 ____ 10844 D e c. 10 10844 D e c . 10 10444 M a r. 18 110 Certificates o f deposit asstd 105 Sale 10654 Jan. 10844 Jan. 5 107 107 ____ C tfs o f deposit stam ped___________ 98 A p r. 29 9354 D e c. 16 9444 D e c . 13 9144 Jan. Va Iron , C oal & C oke 1st g 5s_1949 M S 93 54 9444 -----9144 93 Sale 9744 M ar. 10154 July 17 Sale Virginia R y & Pow 1st 5 s_____ 1934 J J 99 9854 D e c. 10 9944 D ec 9944 Sale 98 June 30 95 A p r. 19 91 D e c. 2 95 D e c. 23 89 93 Sale 91 94 W alw orth Co 644sser A (with w ar)’35 A O A u g. 2 93 D e c . 3 96 D e c. 16 9144 M a r. 30 97 Sale 9544 Sale 95 1st s f 6s ser A _______________ 1945 A O July 27 100 F eb . 5 8644 D e c. 2 97 D e c. 15 79 86 44 Sale 95 Sale Warner Sugar R ef 1st 7s______ 1941 J D 9144 93 July 27 8854 F eb. 11 63 Sale Sale 63 D e c. 1 8154 D ec. 16 56 80 Warner Sugar C orp 1st 7s_____ 1939 J J 8144 Sale Wash W at Pow 1st 30-yr 5s___1939 J J 10254 10354 102 54 103 44 10254 D e c. 11 10354 D ec. 20 101 44 Jan. 14 102 54 June 5 1 0 1 4 s -----103 54 Jan. 15 10254 D ec. 10 103 D ec. 13 10144 N o v . W estchester Light gold 5s_____ 1950 J D 10254 103 10254 102 102 54 103 Jan. 21 10244 June 30 D e c. 1 100 102 Sale 10154 Sale 10144 D e c. 8 102 W est K y C oal 1st 7s__________ 1944 M N 10054 101 M a y 22 D e c. 28 10044 D ec. 16 9954 Jan. 19 103 10044 Sale 10044 Sale 100 W est Penn Pow 1st 5s Ser A ___1946 M S 100 Sale 10044 Sale 10054 ------ 10144 D ec. 3 10144 D ec. 30 9954 Jan. 22 10344 June 7 1st 5s Series E _______________ 1963 M S 100 Sale 106 Jan. 13 D ec. 11 105 54 D ec. 18 104 O ct. 10544 105 44 ____ 105 1st g 544s Ser F ______________ 1953 A O 10444 10554 105 D e c. 3 10054 D ec. 9 9954 O ct. 101 N o v . 17 10044 Sale 10044 Sale 100 1st secured 5s series G ______ 1956 J D F eb. 13 July 25 91 80 Sale 79 D ec. 10 8054 D ec. 3 65 8054 81 West Va C oal & C oke 1st 6 s . . 1950 J J 83 44 Sale 10344 M a y 7 10144 Sale 10154 Sale 10144 D e c. 1 10344 D ec. 20 10044 Jan. Western E lectric deb 5s________1944 A O 10044 Sale D e c. 14 101 M a y 24 103 44 F eb . 16 101 10144 10144 Sale 100 44 D ec. 10 102 102 Sale W est Un C oll tr cur 5s_________ 1938 J J D e c. 1 9644 Jan. 12 100 A u g . 21 Sale 9854 D e c. 23 99 9854 Sale Fund & real est 444 s g ______ 1950 M N 9644 9744 99 11244 Sale 11154 Sale 11154 D ec. 2 9 ill2 4 4 D e c. 2 11054 O ct. 25 11744 M a y 25 15-year 6 44s g _______________ 1936 F A 11144 Sale M ay 3 10354 Sept. 23 107 W estlnghouse E & M 7s______ 1931 M N 10644 Sale 10554 June 3 10554 June R egistered________________________M N Oct. 10154 D ec. 3 101 Sale 10144 Sale 10054 D ec. 1 10144 D ec. 3 99 T em porary 5s______________ 1946 M N 9654 Sale 9454 D ec. 3 9744 D ec. 11 9354 N o v . 1 9744 D ec. l i 9444 95 W estphalia Un E l Pow 644s___1950 M S D e c. 20 92 O ct. 21 98 D e c. 2o 9544 Sale 97 44 Sale 9554 D ec. 2 98 W heeling SteelCorp 1st 544s___1948 J J O ct. 1 9744 D ec. 31 9954 D e c. 20 9444 A pr. 13 101 9854 Sale 9844 Sale W hite Sewing M achine deb 6s_ 1936 J J 50 D ec. 31 5144 D e c. 13 46 O ct. 28 7044 Jan. 2 i 50 Sale 51 53 71 73 W ickwire-Spencer Steel 1st 7 s . 1935 J J 6044 M a r. 27 6044 M a r. 23 Certificates o f dep osit___________ M N 70 90 7044 Jan. 14 7044 Jan. I 4 1,000 _____ 73 C ertificates o f deposit stam ped___M N _____ 75 45 D ei 7 39 54 Sept. 10 6844 Jan. 2n 529.000 63 44 63 54 42 54 Sale 44 Sale 4254 D ec. W jckwire Sp Steel C o 7 s ..J a n 1935 M N 102 D ec 24 10144 Sept. 29 103 54 F eb. lfi 938.000 102 44 10254 10154 Sale 10154 Sale 10154 D ec. W lllys-Overland 1st s f g ______ 1933 M S 101 Sale 10154 Sale 10044 D ec. 2 10144 D e c. 17 9554 M a y 24 10154 D e c. I 7 W ilson & C o 1st s f 6 s _________ 1941 A O 2,616,000 9944 Sale Sept. 3 D ec. 31 10154 Jan. 6 105 Sale 10444 D ec. 1 i105 874.000 101 54 102 10444 Sale 105 Winchester R ep Arm s 744 s ____ 1941 A O 1 CM 9 T T 4.358,000 10?UP s aie 104 A ug, n Sale 103 44 D ec. 3 10444 D ec. 23 10144 Jan. 29 105 Y oungs’n Sheet * Tube 100 ? a On the basis o f $5 to the £ sterling, c First installm ent p aid, d Full p aid, e Fart paid . 3 O ptional sale i Bonds “ when Issued.*! STOCKS—STOCK EXCHANGE RECORD Ja n . 1927.] , Vi STOCKS— PRICES AND SALES FOR DECEMBER AND THE YEAR TO DATE In accordance with a rule o f the Stock E xchange, effective O ct. -13 1915, all stocks are now quoted dollars per share. Prices are on basis o f 100-share lots. E xceptions o f stocks which sell only in a small way are noted b y the letter a. Option sales are disregarded STOCKS SALES TO J A N . In December. Since Jan. 1. Shares. H. 7 . S T O C K E X C H A N GE Shares ■200 Ann A rb or_______ _____ Atchison T o p & 8 P e___ Preferred____________ Atlanta Birm & A tl____ Rights Bangor & A roostook . Buffalo R och & P itts. Preferred__________ Central R R o f N J ____ Chesapeake & O h io_____ 100 Preferred______________100 Preferred____________ Preferred certificates. Preferred Preferred certificates. O C C & St Louis. Del Lack & W estern. Duluth 8 8 & A tl P fd . Erie___________________ - 5 4 2 ,5 0 0 5 ,1 0 0 2 5 ,4 0 0 3 6 ,7 0 0 7 5 ,6 2 6 1 7 3 ,2 0 0 3 ,9 0 0 1 3 ,6 0 0 500 1 2 1 ,9 0 0 6 ,3 0 0 . . . . . . . 4 ,9 5 0 3 ,4 0 0 1 7 ,1 0 0 750 1 ,5 0 0 3 .7 0 0 1 2 ,8 0 0 3 5 ,3 2 4 1 4 ,6 0 0 1 6 ,9 5 0 2 3 ,3 0 0 4 0 ,2 0 0 1 7 1 ,5 0 0 2 ,2 0 0 1 0 6 ,4 0 0 4 ,1 0 0 9 ,3 0 0 45 3 ,7 0 0 1 ,6 0 0 500 1 4 ,9 0 0 200 1 8 ,8 0 0 3 9 ,4 0 0 5 ,7 0 0 ---- -- 500 7 5 ,5 0 0 1 5 5 ,4 0 0 1 5 ,0 0 0 . Iron ore properties.no i G u lf M obile & N orth ern .] Preferred_____________ 1 Havana E lec R y _____no j Preferred rets______no ') Hudson & M anhattan___1 Preferred_________ ____ 1 . . 300 600 100 2 7 ,0 0 0 106 2 ,6 2 5 1 5 8 ,6 0 0 . . 1 1 7 ,1 0 0 6 0 ,9 1 4 1 2 ,0 0 0 1 ,5 0 0 2 ,6 0 0 500 1 9 ,3 0 0 400 1 3 ,2 0 0 1 ,0 0 0 - Preferred. ijem gn valley___________50 Louisville & Nashville__ 100 Manhattan R y guar____ M od guar____________ M arket Street R y ______ M inneapolis & St L ouis. 2 ,0 1 0 7 8 ,6 0 0 200 200 100 4 2 ,7 0 0 1 ,0 0 0 3 2 ,4 0 0 8 ,1 0 0 ] ,2 0 0 4 3 ,2 0 0 600 300 4 ,9 0 0 650 2 ,9 0 0 ________ Preferred. Preferred . Preferred____ Morris & E ssex. New Y ork & H arlem . N Y Lack & ■Western P ref ctfs 2d stm p d .n o par Certifs stam ped____ no par New Y ork State R y s ____ 100 Preferred______________ 100 Norfolk Southern________ 100 Norfolk & W estern______100 Preferred______________ 100 Northern Central_________ 50 Northern P acific________ 100 Pacific C oast_____________100 Second preferred_____ 100 Pennsylvania:_____________ 50 Peoria & Eastern________ 100 Pere M arquette_________ 100 Prior preferred________ 100 P referred -____________ lOO Pitts Ft W ayne & C h icp f 1O0 Plttsb & W est V irginia..lO O Reading C om pany____-___ 50 First preferred_________ 50 Second preferred______ 50 R ights___________________ Rensselaer & S a r a to g a ..100 Rutland R R pref________ 1O0 8t Louls-San F ra n cis co.. 100 Preferred A ____________100 8t Louis Southwest_____ lOO Preferred______________ 100 Seaboard Air Line______ lOO Preferred______________lOO Southern Pacific O o . 100 3 ,2 0 0 1 ,7 7 3 3 3 ,8 0 0 2 5 ,8 0 0 7 4 ,2 0 0 8 2 ,8 0 0 90 400 3 ,7 0 0 500 4 9 1 ,7 0 0 2 0 ,3 0 0 4 ,2 0 0 1 ,1 5 0 1 7 2 ,6 0 0 5 1 ,1 0 0 1 9 ,6 0 0 307 18 2 ,6 0 0 4 ,2 0 0 3 9 ,9 0 0 700 6 7 2 ,3 0 0 1 ,0 0 0 1 0 1 ,3 0 0 4 ,0 0 0 2 9 ,2 0 0 2 ,0 0 0 2 .9 0 0 87 1 7 ,8 0 0 2 6 7 ,2 0 0 8 ,7 0 0 6 ,7 0 0 7 1 ,1 5 3 70 1 ,8 0 0 9 6 ,3 0 0 4 ,5 0 0 1 2 ,6 0 0 1 ,1 0 0 6 3 ,1 0 0 2 3 ,2 0 0 2 1 6 ,0 0 0 RANGE SIN CE J A N . 1. PRICES I N D ECEM BER . 1. Jan. 2 1926. Bid. Dec. 1. 2 ,2 4 0 1 ,5 0 0 45 2 , 8 7 0 ,0 0 0 138 V* 8 2 ,7 6 0 94 % 5 0 7 ,5 0 0 9 Vs 5 5 0 ,9 0 0 260 8 4 ,9 2 6 2 , 7 5 4 ,1 0 0 94 V* 4 5 ,2 0 0 67 V * 7 6 ,6 0 0 45 99 3 ,5 0 0 1 ,7 2 8 ,3 5 0 61 7 0 ,2 0 0 83 78 3 ,8 6 3 1 ,2 2 4 92** 1 ,9 0 0 65 ** 400 Sale 3 7 5 ,7 0 0 148 6 ,5 8 2 50 2 4 ,0 8 5 304 J* Sale 3 ,7 8 9 ,7 0 0 126 % Sale 3 5 ,5 1 0 12514 128 1 % Sale 7 ,7 8 0 8 4 ,2 3 0 3 2 0 ,2 0 0 13 % 13?* 750 2 3 ,1 0 0 34** 35 48 V 50 * 9 0 ,7 0 0 2 4 7 ,9 1 0 1 1 ** Sale 7 1 6 ,7 2 4 Sale 28 5 6 3 ,2 0 0 1 0 ** Sale 4 4 6 ,6 5 0 Sale 10 7 0 8 ,3 5 0 19V* Sale Sale 4 3 9 ,3 0 0 19 1 ,0 0 7 ,8 0 0 81 Vs Sale 1 8 ,4 5 0 119** Sale 2 ,0 3 0 ,2 0 0 57 Vs Sale Sale 4 7 ,7 4 5 100 6 5 ,4 0 0 87** Sale 3 ,9 3 5 190 200 7 7 ,0 0 0 64 65 9 ,4 0 0 67 65 3 ,9 0 0 59 57 3 0 ,6 0 0 450 Sale 3 6 9 ,3 0 0 160 Sale 4 4 8 ,2 0 0 145 5 7 ,7 0 0 Sale 47 200 7 ,2 0 0 Sale 1 ,7 5 9 ,1 0 0 39 Sale 8 9 9 ,6 0 0 45 2 5 9 ,9 5 0 42** Sale 307 Sale 8 1 3 ,0 5 0 78 2 3 1 ,4 1 4 26*4 Sale 2 2 9 ,8 5 0 34 % Sale 4 2 ,7 0 0 100 V* 102 2 ,6 0 0 500 2 .5 4 ,6 0 0 35 V 36?* * 72 9 ,5 0 0 70 2 0 7 ,0 1 0 123** Sale 1 6 ,3 4 2 123** Sale 365 80 75 1 1 ,2 1 0 70 V 73 * Sale 1 ,3 5 5 ,2 0 0 31 29 V 30** * 8 ,6 0 0 2 ,3 0 0 63 V * 3 1 .8 0 0 2V* Sale 8 6 7 ,2 0 0 48 Sale 62 2 0 ,4 5 0 2 8 3 ,1 0 0 85** Sale 1 9 7 ,6 0 0 142** 144 6 ,9 5 0 95 88 6 3 0 ,4 0 0 42V* Sale 1 5 ,4 0 0 8V * 7 3 ,6 0 0 30** 25 5 7 ,0 0 0 43 V Sale * 18 6 ,9 5 0 15 5 2 .1 0 0 3** Sale 2 .4 0 0 3 3 ,7 2 8 50 V 52 * 76 72 1 2 .2 7 3 4 ,8 5 0 62** 62** Sale 7 4 6 ,2 0 0 41 92** Sale 2 3 1 .6 0 0 1 ,1 4 2 .9 0 0 39** Sale 8 5 8 .8 0 0 8 8 ** Sale 723 781* 7V* 1 8 .3 0 0 6V * 3 2 ** 9 5 ,3 0 0 7 ,9 0 0 131 ** 132** 3 , 6 1 2 ,2 0 0 134** Sale 180 2 5 5 ,1 5 0 179 Sale 97 4 1 ,8 3 8 208 4 ,8 5 2 196 3 5 3 100 2 ,6 5 8 ,0 0 0 45** Sale 2 4 1 .0 0 0 28** Sale 1 1 0 ,4 4 0 7** Sale 4 .1 2 1 18 8 ,1 6 2 26** Sale 1 ,9 0 0 55 45 Sale 5 7 ,0 0 0 36 8 8 1 ,9 5 0 148** Sale 90 7 ,7 1 0 80 85 78 697 76** Sale 1 , 0 2 0 ,3 5 0 33 31 4 1 ,2 0 0 51 47 4 ,5 0 0 Sale 1 , 5 1 3 ,0 0 0 55 * 18** 2 0 V 6 5 ,5 0 0 Sale 6 6 7 ,7 0 0 84 90 87 1 9 ,8 1 5 80 78 5 9 ,4 0 0 1 ,3 4 6 142** Sale 1 2 9 ,0 0 0 114** Sale Sale 1 ,4 9 5 ,4 0 0 89 41 2 9 ,0 0 0 40 4 5 ,3 0 0 40** 41 3 3 5 ,8 2 2 20 V* Sale 373 62 59 2 6 ,9 2 5 1 ,0 0 9 ,5 0 0 100** Sale 87** Sale 2 9 ,2 5 0 Sale 68 4 1 8 ,9 0 0 1 6 ,4 0 0 74?* 76?* 6 9 9 ,4 0 0 50?* Sale 1 9 2 ,9 0 0 47** Sale 1 , 6 5 2 ,0 0 0 1 0 3 3-t «alp Dec 31. Lowest. H ighest. Lowest. Highest. Sale Prices Ask. Sale Prices. Sale Prices. Sale Prices 118 116?* D ec. 15 117V* D ec. 30 107** M a r. 24 117 V* D e c. 30 Jan. 6 44 Jan. 19 45 D e c . 24 M a r. 30 172 Sale 153V* D ec. 1 172 D ec. 24 122 D e .c 30 102 D ec. 30 94V* M ar. 5 102 100V* D ec. 2 102 V M a y 28 10 * Sale Jan. 2 ?* D ec. 7 ?* D ec. 4 2 Sale 199?* D ec. 6 212 D ec. 13 181V* M ar. 30 262V* Jan. Sale 15V* D ec. 6 18V* D ec. 20 15 H D e c. 6 18V* N o v . 23 Sale 105V* D e c. 7 109** D ec. 17 83** M a r. 3 109?* S e p t.7 73 V* 72V* D ec. 6 73 V* D ec. 30 67V* Jan. 6 73** A ug. 2u M a r. 2 46 Sale F eb. 1 42V* D ec. 1 45?* D ec. 31 33 D e c. 11 97V* F eb. 8 103 103** 101V D ec. 20 103 * D ec. 11 Sale 67 D ec. 31 77 V D ec. 20 54V* M ar. 31 7 7 Vs D ec. 20 * M a r. 31 89?* D e c. 24 90 87?* D ec. 13 89?* D ec. 24 78 69?* M a r. 26 87?* July 20 82 D ec 24 M ar. 15 101 97** D e c. 10 101 D ec. 24 92 F eb. 26 42 O ct. 6 65 D ec. 28 35 40** D ec. 15 42 44** 40 D ec. 17 50 M a r. 2 50 50 40 D ec. 17 4 0 D :C. 17 40 Sale 167 V Sale 162?* D ec. 14 170V* Dee. 20 146V* Jan. 9 170V* D e c. 20 164 * Jan. 15 61 June 14 60** 59 60 61 59?* D ec. 6 60V* Dec. 15 58 Sale 290 Sale 283 M a r. 30 305 Jan. 11 282 D ec. 8 295V* D ec. 17 240 M a r. 2 178?* Sept. 24 158 V Sale 162** Sale 158 V* D ec. 8 168 * D ec. 2 1 112 119 Jan. 20 171 160 Sept. 28 5 3* 4 V* M a y 18 i l ? * F eb. 20 4?* 4?* 5 4?* D ec. 6 5?* D ec. 11 94 ‘>4 10 F eb. 13 6 V* M a y 18 18** F eb. 23 7 V* Sale 7V* 9 D e c. 8 6 ?* D ec. 6 TVs 7 D ec. 24 7 D ec. 2 4 7 D c . 24 D e c. 30 37 30 32 F eb. 10 31** 34 30 D e c. 30 31 D ec. 6 30 46 44 47 V 43 * 44 D ec. 28 46 V* D ec. 6 36V* M a r. 31 51?* F eb. 10 7?* M ar. 31 12V* Sept. 9 8 ?* Sale 8 ?* Sale 83* D ec. 28 9?* D ec. 20 24?* Sale 24?* Sale 23?* D ec. 28 26?* D ec. 20 16V* M a r. 30 31?* S ept. 9 8 V D e c. 23 14V* Jan. * 9 V Sale * 9?* Sale 6 9?* D ec. 1 8 V* D ec. 23 7?* D e c. 23 14 Jan. 8 9V * 9V * 7?* D ec. 23 9 V Sale * 93* D ec. 2 Sale A u g. 24 19** Sale 19 18V* D ec. 23 20 D ec. 2 14V* M a r. 31 24 19V* 19V* 19 H Sale A pr. 20 23?* A ug. 24 18 D ec. 23 19V* D ec. 2 14 Sale 77 80?* Sale 76** D ec. 6 83?* D ec. 20 65V* M a r. 30 83?* Sept. 10 124 V Sale 123 * 123** 125 D ec. 4 1 2 5 D ec. 29 118** Jan. 4 126V* A pr. 30 Sale 68 67V* D ec. 1 71V* D ec. 18 40 V* M a r . 3 71V* D e c . 18 68 V* Sale M a r. 4 108 D ec. 9 106 106?* 103 V Sale 102 D ec. 28 108 * D ec. 9 96 94?* 95?* 93V* D ec. 10 98 N o v . 30 97 V 98 * D ec. 9 83 V* M a r. 31 98 250 280 250 A ug. 24 275 265 D ec. 29 265 D ec. 29 173V* M a r. 29 275 Sale M a r. 3 96** O ct. 13 85 83?* Sale 82 D ec. 13 86 D ec. 9 52 M a r. 2 74 72 73 71 72 O ct. 13 70 D ec. 2 1 72 D ec. 8 62 69 74 Jan. 11 72 S e p t .27 66 68 68 D ec. 14 68 D ec. 14 59 69 V Sale * 70** Sale 69?* D ec. 1 72V* D ec. 9 6 8 ?* N o v . 22 72V* D e c. 9 82 Sept. 10 85 90 80 82 82 D ec. 11 82V* D ec. 14 82 July 13 170}* 171V* 172?* 174 169?* D ec. 8 178?* D ec. 20 150V* M a r. 30 183V* Sept. 2 Sale 145 Sale 144 M a r. 30 153 V* Jan. 12 146 D ec. 8 149V* D ec. 2 1 129 37 V* M a y 19 47 Jan. 2 42 V 43 V 41?* Sale * * 413* D e c. 31 44V* D ec. 11 34 34 60 60 4 D e c. 14 4** Sale 4 6 4 D ec. 14 8 V* Jan. 9 4?* D ec. 17 Sale D e c. 21 38 V Sale * 40 D ec. 2 1 22V* M a r. 29 42 38V* D ec. 1 42 53 V Sale * 45 V Sale * 45?* D ec. 1 55V* D ec. 24 33?* M a r. 30 55V* D e c. 24 Sale 44 49*4 49 V* 44 M a r. 30 50V* D e c. 24 D ec. 1 50V* D ec. 24 30 60?* 62 V* N o v . 20 63 A ug. 24 60 H 80?* Sale 80 V Sale * 79?* D ec. 2 84V* D ec. 9 6 8 V* M a r. 30 84 V* D e c. 9 D e c. 10 27V* F eb. 15 19?* Sale 18 D ec. 10 20V* D ec. 20 18 19** Sale 36 363* 35** D ec. 1 39V* D ec. 15 25V* A pr. 20 41V* S ept. 29 35** Sale 108 104 M a r. 29 109** S e p t .30 107 106 105 D ec. 15 109 D ec. 14 95 30 ,i 1 y$ D ec. ‘>4 30 D ec. 31 31 J* D ec. 23 9 5 V D ec. 30 9 7 U Doc. 27 9 5 ** D ec. 30 9 7 % D e c. 27 96 V Sale * 39?* Sale 40?* Sale 38?* D ec. 2 41** D ec. 14 34?* Jan. 22 41V* D e c. 14 79?* 80 Sale 76 D ec. 14 79?* D ec. 14 80 D ec. 14 67?* M a r. 31 SO Sale 12 2 12 1 123 121 D ec. 1 125?* D ec. 20 113V* M ar. 3 131 Sept. 7 1 2 1 V* 122 V 12 1 * 125 122 D ec. 2 124 D ec. 2 1 115V* M a r. 30 129 V* Sept. 7 79 83 78** 83 77 F eb. 1 80V* N o v . 9 75 V Sale * 73 V 76 * June 23 75V* D ec. 1 75 V D ec. 4 71V* Jan. 6 77 * 49** Sale Sale 48 46 D ec. 28 53?* D e c. 20 24V* Jan. 15 53?* D e c. 20 D e c. 13 31 25** 26 V 24 * 25 24 D ec. 13 25V* D ec. 3 24 F eb. 13 M a r. 30 66 59 67 64 D ec. 17 65 June 24 D ec. 20 62 63 V* 67 Sale 1 1 1 A ug. 14 1 D ec. 31 1 D ec. 31 IV* 3 V* Jan 15 41 % Sale 43?* Sale 41** D ec. 28 44?* D ec. 15 34 V M a r. 3 51 Vs S ept. 9 * 65** 66 64?* 66 V* 65 D ec. 6 66 D ec. 9 60?* M a r. 31 6 8 ?* S ept. 10 Sale D e c . 10 92 V Sale 100 * 92V* D ec. 1 106 D ec. 10 75V* M a r. 3 106 Sale 127 133** Sale 129 M a r. 30 144 D ec. 29 134V* D ec. 17 118 Sept. 3 92 90 88 92 M a r. 3 92?* A pr. 20 85 D ec. 27 90 D ec. 4 84 Sale 53 49V* D ec. 31 55?* D ec. 14 38V* Jan. 26 61** M a y 28 49 V Sale * 53* 4 Vs 5 53* 5 D ec. 9 6 D ec. 15 4 V July 31 10 s F eb. 9 22 28 22 28 25 D ec. 14 25 D ec. 14 19V* O ct. 22 40 F eb. 9 44** Sale 43 Vs 44** 44 D ec. 8 46?* D ec. 15 39 V June 3 51?* F eb. 10 * 19 Sale 14 14 123* D ec. 30 15*1 D ec. 16 11?* O ct. 20 22 V F eb. 10 * 1*1 D e c. 29 1 1 Vs 1?* D e c. 1 1 3** Jan. 11 1 ?* Sale IV* D ec. 29 Vs O ct. 9 2V% F eb . 11 31 35 26 V Sale * 25V* D e c. 31 33** D ec. 8 25?* D e c. 31 52V* F eb. 3 D e c. 21 79 58 50 50 D ec. 2 1 55 503* Sale D ec. 6 50 F eb. 3 55 V* 60 60 O ct. 28 66 V F eb. 24 * Sale 33 32 D ec. 29 35?* D ec. 2 29** O ct. 20 47V* F eb. 9 32 V Sale * Sale 94 96*4 Sale M a r. 2 96?* D e c. 7 94 D ec. 1 96?* D ec. 7 82 38 Vs Sale 38 J* Sale M a r. 3 45 373* D ec. 31 41V* D ec. 20 27 Sept. 1 903* Sale 89 D ec. 8 94?* D ec. 20 71V* M a r. 3 95 91V* Sale Sept. 3 81 ‘>1 SI *4 D or 99 81 3* 7Q .Tan. 5 SR July 2f> 80 4?* Sale 4V * 5V * 4?* D ec. 1 4?* D ec. 1 4?* A pr. 10 8 ?* Jan. 7 2 2 1?* D ec. 1 1 1?* O ct. 27 IV * 2 D ec. 19 1 ?* 4 V* Jan. 7 12 1 120 130 126 122** D ec. 27 128 M a r. 30 132 V* Jan. 9 D e c. 20 120 134** Sale 143 V Sale 133?* D ec. 6 147 D ec. 18 117 M a r. 30 147V* Sept. 7 * Sale 190 Sale 1863* D ec. 11196** D ec. 21 130 187 M a r. 3 204** S e p t .23 Sale ,103 Sale 101?* D ec. 6 104 103 M ar. 11 106 D ec. 17 93 July 8 180 182 170 175 178 D ec. 22 184 D ec. 23 170** N o v . 9 205 Jan. 11 104 103 102 Vi Feb 18 10514 Juno 28 42?* Sale Sale 43 V * 41?* D e c. 29 45V* D ec. 20 30?* M a r. 30 48?* July 17 23?* Sale 24 •* Sale ? 2 3 y8 D ec. 9 27 D ec. 20 19?* M a r. 30 28V* F eb. 13 Sale 13 12** D ec. 2 19 V* D ec. 14 16V* Sale 6 Jan. 25 20V* F eb. 5 7 IDS July 27 145 143 D ed . o 9<) 98 98 D c ?1 97 D p u 2Q 13 13V* 14 D e c. 8 28 V Jan. 14 17 13 D e c. 8 14 D ec. 14 13 * 41 33 30 39 30 N o v . 6 50** Jan. 7 Sale * 37 37?* 39 V 37 D ec. 6 39 D ec. 10 2 7 Vs A pr. 15 44?* Sept. 2 158 V Sale 158 V* Sale 156?* D e c. 6 162V* D e c. 20 139 V M ar. 30 170V* O ct. 2 * * 83** 84** 84 86 83?* D ec. 4 84** D ec. 9 83** N o v . 4 85?* A ug. 11 81 82** 81 M a r. 8 81?* Apr. 30 82 V* 81** D ec. 29 81** D ec. 29 79 79 V Sale * 78 V Sale * 7 7 V* D ec. 31 81?* D ec. 11 65?* M a r ,30 82V* A ug. 26 15 20 15 18 15 D e c. 16 15 V* D ec. 16 15 O ct. 19 48 Jan. 6 45 30 35 50 40 N o v . 19 57?* F eb . 18 56 V Sale * 56 V Sale * D ec. 21 48?* M a r. 30 57V* O ct. 27 55V* D ec. 8 57 18 V 20 * 19 21 19 D ec. 15 21?* D ec. 20 15 V* Oct. 19 26?* Jan. 14 Sale 114 Sale 110 110 D ec. 1 122 D ec. 13 67 M ar. 3 122 D ec. 13 93 V 94 * 93 Sale 92** D ec. 14 94 D ec. 6 79 M ar. 3 96 July 7 86 90 Sale 87 87 D ec. 7 90 D ec. 31 70?* M ar. 29 91 Vs July 17 148 150 V Sale 149 * D ec. 20 151V* D ec. 2 142V* Jan. 2 151 V D e c. 2 * 116 V Sale 133 * 135 115 D ec. 2 135** D ec. 3 0 ! 85 M a r. 30 135** D ec. 30 8 8 ?* Sale 96 Sale 8 8 ?* D ec. 1:101V* D ec. 20 79 M ar. 30 101 H D e c. 20 40 V 41 V 393* D ec. 4 41** D ec. 20 39?* D e c. 4 42 * * 40 V* 41 A pr. 26 42 42?* 44?* Sale 42V* D ec. 14 45?* D ec. 21 40 M ar. 30 45?* D e c. 21 21 Sale 19?* Sale 18?* D ec. 8 21** D ec. 24 16V* M ar. 30 22V* F eb. 11 125 Fob 24 123 126** D ec. 2 0 1 9ft IX TAo p SO 122 43 48?* Sale 49 47 D ec. 3 51V* D ec. '3 42 A pr. 8 61V* A ug. 2 Sale 100 101 V Sale 102 * D ec. 17 103** D ec. 22 85 M ar. 30 103 V* D ec. 22 92** Sale 96 97 Vs 92** D ec. 1 97** D ec. 23 83V* Apr. 1 97V* D ec. 23 62*-* Sale 62 V* Sale 61** D ec. 14 64?* D ec. 17 57V* M ar. 19 74 F eb. 9 75 V* 77 V 75?* D ec. 1 77 75?* Sale D ec. 4 72 * M ar. 19 80 V* July 27 Sale 37 30?* D ec. 8 38 D ec. 28 27** M ar. 31 31V* Sale 7 42 41 Sale 37?* D ec. D ec. 28 31V* M ar. 31 48?* F eb. 18 37V* Sale m e u : Sa1° 1 1 0 V Sale 105 V* D ec. 2 1191* D<»c. 20 * 96 V M ar. 30 112 V* D e c. 20 * Ask. Bid. 116 48 44}* Sale 154 Sale 100 Sale Vs Sale 207 16V* Sale 105?* 72 68 Sale 42** 100 10 0 ** Sale 70** Sale 88 83 82 100 97 74?* 40 J* Ask. Bid 118 116V* 44** Sale 170?* 100 V 100 * Sale Vs Sale 2053* 17V* Sale Sale 108 72 V 73 V * * Sale 45 V * 103 Sale 68 8 8 ?* 87 V * 86 80 99?* 97 41 50 24 STOPTCP— S T O C K E X C H A N G F R E P O R T ) STOCKS SALES S . Y . STOCK EXCHANGE, TO In D ecem b er. S h a r es . Southern R ailw ay_______ 100 173,200 7,700 Preferred______________100 R ig h ts ___________________ 202,150 79,600 Texar & Pacific_________100 33,800 Third A venue___________ 100 1,500 Twin C ity R apid T ra n sit.100 Preferred ___________ 100 82,400 Union Pacific___________ 100 6,900 P referred______________100 U nited R ys In v estm en t. .100 U nited R ys Invest pref__100 357 Vicks lJhrev & P acific__ 100 98 P referred______________100 W abasn_________________ 100 101,900 33,000 Preferred A ___________100 Preferred B ___________100 40,300 W estern M ary lan d ______ 100 20,100 Second preferred_____100 30,100 W estern Pacific, N ew __ 100 25,400 Preferred new _________100 72,000 Wheeling & L J£ R y _____ 100 20,800 P referred______________100 In d u s tria l a n d M iscell. 5.600 Abitibi Power & P ___n o p a r 7.600 A braham & S trau s___n o p a r 1,200 P referred ______________100 2,000 Adams E xpress__________100 30,900 Advance R um ely________100 38,600 Preferred______________100 27.700 Air R eduction In c____no p a r Ajax R ubber In c _____ n o p a r 234,400 16.700 A hum ada L ead___________ 1 3,700 Alaska Juneau Gold M in . 10 A lbany P erf’d W P ..n o p a r 200 P referred_____________ 100 1.400 All American C ables____100 200 Alliance R ealty new . _no p a r 1,008,900 Allied Ohem Sc D ye_.no p a r 4.200 P referred______________100 28.900 Allis Chalm ers M fg_____100 1,100 P referred_____________100 5,600 A m algam ated L eather .no p a r 3,100 P referred______________100 51.900 A m eranda C orp_____ no p a r 14.400 Amer Agricul C hem ical.. 100 30.700 Preferred____________ 100 7.700 American Bank N ote new 10 1,300 P referred_______________60 6,000 American B eet Sugar___100 2.900 Preferred_____________ 100 23.600 Amer Bosch M agneto.no p a r 10.500 Am B rake Shoe & F__no p a r 100 P referred_____ ______ 100 49,800 Am Brown Bov El 2 i.n o p a r 1.400 P refe rre d ____ ______ 10f American C an, when issued. 548,100 2.700 Amer C an P ref_________ .100 34.700 Amer C ar & Fdry new no p a r 1,500 Preferred_____________ 100 2.700 American C hain w i ______ 25 6,940 American Chicle_____ no p a r 2,000 Certificates _______ n o p a r 500 Prior preferred_____ n o p a r 16.500 Amer D ruggists' Synd___10 17.400 American E xpress______ 100 96.000 Am Foreign & P ow er.no p a r 8,800 Preferred __________ n o p a r 5.000 Amer H ide & L eather___100 11,300 P referred_____ _______100 35.700 Amer H om e P rod u cts.n o p a r 18.200 American i c e ___________ 100 900 P referred_____________ 100 38.000 Amer Tnternat C o rp ..n o p a r 23,200 Am L a France Fire E n g . .10 200 P referred_____________ 100 19.600 American Linseed______ 100 4.400 P referred______________100 98.500 Am L ocom otive new _.no p a r 2.900 P referred_____________ 100 7.000 Am M ach & F ou n d ry .n o p a r 410 P referred______________100 20.900 American M etal_____ no p a r Preferred_____________ 100 400 American Piano, pref____100 27.700 Am Pow er & L ig h t___no p a r 11,400 American R ad iato r______ 26 100 P referred______________100 3.400 Amer Railw ays E xp ress.100 2,100 Amer R e p u b lic s .____no p a r 33.300 A merican Safety R azor ..1 0 0 26,200 Am Ship & C om m ____no p a r Amer Sm elt & R eiin_____100 488,700 5,000 Preferred_____________ 100 1,500 American Snuff_________100 300 P referred_____________ 100 18,500 A m SteelFdries ctfs new n o p a i 800 Preferred_____________ 100 32,100 American Sugar R atln ___100 4.400 P referred_______ . . . 100 53.700 Am Sum T ob, new s.n o p a r 1.900 Am Teleg & Cable ____ 100 30.000 Amer Telepb & Te’fg ___100 14,200 A merican Tobacco________50 33.000 B.............. 50 2,700 P referred______________100 2.900 Amer T ype F oundries__ 100 600 P referred ______________100 79.300 Amer W at W orks & E lec. .20 1.400 F irst preferred (7% )-.10 0 Am W holesale pref______ 100 55,300 American W oolen________100 16,400 Preferred_____________ 100 5,200 Am W riting P aper, p ref. 100 Preferred certificates_100 41,900 Amer Zinc. Lead & Sm ___25 54.000 P referred_______________25 65,800 Anaconda C opper_______ 50 5,400 Archer D aniels M id ..n o p a r 400 p referred ______________100 Armour (Del) pref______ 100 2,600 61.000 A rm our of Illinois Class A .25 Class B ________________25 33.100 400 Preferred______________100 6.900 Arnold C onstable Newno p a r A rtlo o m _________________ n o p a r 6.900 350 P referred______________100 1,700 A rt M etal C onstruction. -10 76.100 Associated D ry Gdsnewno p a r 1,300 1st preferred__________ 100 1,500 2d preferred__________ 100 700 Associated O il__ 25 Atl G ulf & W I SS L ines. 100 31,200 Preferred______________100 6,000 A tlantic Refining________100 99,000 P referred_________ 100 2,200 A tlas Pow der, new ___n o p a r 400 A tlas T ack C orp. n o par 400 Par 1. JAN . S in c e Jan. 1. 1 P r ic e ahnut Jan P R IC E S I N DECEM BER. [ Y ol. 124. R A N G E S IN C E J A N . 1. D e c . 31. H ig h e s t L o w e s t. H ig h e s t . A s k . B id . / A sk S a le P r ic e s . S a le P r ic e s S a le P r i c e s . S a le P r i c e s Sale 126% Sale 116% Doc. 3 126 % D ec. 31 3,306,270 118 % Sale 1 M a r. 30 S 3 . 109,870 92% Sale 94 % Sale 95% Sale 93% Doc. 6 95 % D ec. 30 103 % A pr. 6 131 % Aept. 13 87% 95% ug. 18 446,500 % Sale 18 % D ec. 2 1% D ec. 18 % O ct. 30 1 % D ec. 13 853,000 58 Sale 50 % Sale 55% Sale 49% Doc. 6 57% D ec. 22 42% M ar. 612,980 13% Sale 38 Sale 40% Sale 36% Doc. 11 42 % D ec. 24 13% Jan . 18 61% Jan . 23 43 10,900 78% 79% 63 64 % 61% 64 59% D ec. 17 62 D ec. 30 59% O ct. 25 78% A pr. 4 Jan . 2,100 96% 101 101 Jan . 5 102% F eb. 20 962,700 150 Sale 1 Sale 162% Sale 159% D ec. 6 165% D ec. 20 141% M ar. 30 168% O ct. 1 64,800 75% Sale 7 9 Vs Sale 80% Sale 79% D ec. 1 80% DeC. 31 74% Jan . 6 81 % Aug. 28 20,600 24% 25 34% 19% M ar. 3 27% A pril 7 39,475 81% Sale 1 160 2 2,857 90 91% 97 98 97% 100 97% D ec. 29 98 D oc. 2 65 M ar. 13 125 N ov. 11 98 Ju ly 13 90 Jan . 898 97 % 9 8 % ------- 98% D ec. 29 98% D ec. 29 91 M ar. 18 98% N ov. 19 2,204,500 44 Sale 39% Sale 41% Sale 38% D ec. 8 43% D ec. 20 33% M ar. 30 52 Jan . 12 496,000 73% Sale 74 % Sale 75% Sale 73% D ec. 8 76% Doc. 2C 68 M ar. 30 78% Ja n . 13 7,000 58 63 60 68 60 68 M ar. 29 Jan 297,700 16% Sale 11% Sale 13% Sale 11% D ec. 1 14% Doc. 30 57 M ar. 3 72 Ja n .. 29 4 16% 113,900 23% Sale 21 % Sale 23% Sale 20% D ec. 1 24% D ae. 30 11 M ar. 30 24% S ept. 2 16% 194,700 39% Sale 33)4 34% 28% 30 27% D ec. 23 33% D ec. 6 27% D ec. 23 39% Ja n . 2 80.900 79% Sale Sale 74 Sale 72 D ec. 28 82% D ec. 3 72 D ec. 28 86% Sept. 11 859,200 31% Sale 81% Sale 27% Sale 25% D ec. 30 27% D ec. 10 18 M ar. 30 32 Jan . 2 26% 181,000 50% Sale 43 . 44% 47% Sale 43% D ec. 6 48 D ec. ;31 37 M ar. 30 50% Jan . 4 96,100 72% 74 90% Sale 86 89% 87 D ec. 98 S ept. 14 91% D ec. 70% M ay 31.500 56 Sale 69 Sale 56 D ec. 72 D ec. 72 D ec. 28 43 M ay 3,900 _____] 111 110 111 110 Dec. D ec. 112 104% M ar. 112 D ec. 13 61,100 108 109 1 Sale 125 127 125 Doc. 130% D ec. ar. 99% M ec. 136 S ept. 22 217,700 17% 19% 10 Sale 8 Dec. 9% Sale 12% D ec. 8 D 22 S ept. 24 159,600 57% 60 38% Sale 32% Sale 28% Dec. 28% D ec. 39% D ec. 65% S ept. 24 421,050 110 Sale 1 il % Sale 139 Sale 137% Dec. 146% D ec. 107% M ay 146i% D ec. 14 1,068,800 10% Sale 7% Sale 7% Dec. 9% Sale 12% Dec. 16 F eb . 10 7% O ct. 217,100 9 Sale 4% 4% 5 Sale 4% D ec. 5% D ec. 9% Ja n . 4 4% N ov. 49,400 1% 1% 1% Sale 2 Ja n . 4 1 % 1 % 1% Dec. % O ct. 1% Dec. 4,000 26% 27 26 27 26% O ct. 27% Ju n e 23 1,300 99 D ec. 14 99 101 100 Dec. 102 D ec. 102 96% O ct. 6,950 129 135 40 148 145 Sale 140% D ec. 146 D ec. 131 Jan. 155 Ju ly 24 1.400 45 47 50 53 47 Dec. 50 D ec. 45 July 50 M ar. 15 6,591,800 114 Sale Sale 136% Sale 133% Doc. 148% D ec. 106 M ar. 148% D ec. 20 32,400 120% Sale 122% 120% 121% 120% D ec. 122% D ec. 118% M ar. 1 22 % D ec. 7 336,200 93 93% 87% Sale 90% Sale 87 Dec. 92% D ec. 78% M ar. 94% Jan . 14 12,500 109 Sale .09% 110% 110 110% 110 Doc. 111% Dec. 105 Apr. 111% D ec. 14 63,100 17% 18 16% 16% 16 Dec. 18% D ec. 14% O ct. 22% A ug. 31 10,500 _____ .06 108 104 107 105 Dec. 107 Doc. July 102 115 A ug. 31 504,000 29% Sale 32 Sale 29% D ec. 32% Dec. 24% M ay 32% A ug. 9 440,130 27% Sale 13 14 13 Sale 12% D ec. 15% Dec. 9 O ct. 34% Ja n . 14 415,450 80% Sale 46 Sale 46% Sale 42% Dec. 53% Dec. 96% Jan . 14 35% Oct. 177,400 39 40 42% Sale 41% 42 41 Dec. 44% Dec. 34% M ar. 46 O ct. 28 6,100 55% 57% 55% 56 56% Sale 56 D ec. 57 D ec. 58% Ju ly 10 55 Jan. 135,300 33 34 27% Sale 23 24 23 Dec. 27% Dec. 20% Sept. 38% F eb . 6 22,600 77 78% 02 Sale 58% Sale 58% Dec. 62% D ec. F eb . 24 55 N ov. 321,830 32% Sale 16% Sale 16% Sale 16% Dec. 18% D ec. 16 M ay 19 34% Ja n . 4 256,435 150 153 146 137 138 138 Dec. 149% D ec. M ay 19 180 F eb . 2 110 11.700 114 114% 120 117% 118 118 Dec. 118 D ec. 110% M ar. 24 128% F eb . 18 803,400 48% Sale 39% Sale 38% Sale 37% Doc. 40% D ec. 30% M ar. 29, 50 A ug. 9 29,000 97 98% 95% 96 96 97% 96 Dec. 86% M ar. 311 97% J a n . 16 97 Dec. 6,317,500 49% Sale 52% Sale 49 Sale 48 Dec. 38% M ar. 30 63% Aug. 4 55% Dec. Sale 128 130 127 Dec. 33,800 121 121% 130% Dec. 121 Jan . 4 130% D ec. 15 Sale 101% Sale 101 D ec. 106% D ec. 350,820 109 Sale 91% M ar. 114% Ja n . 12 15,800 122 126 126 130 Sale 126 Dec. 130% D ec. 130% D ec. 22 120% O ct. 81,900 24% Sale 25% 26 25% Sale 25 Dec. 26 Dec. 23% M ar. 26% Ju ly 20 58,040 47 Sale 37 Sale 37% Sale 35% Dec. 40% D ec. 31 O ct. 51 Jan . 4 23,600 47 50 35 37 36% 37 35 Dec. 39% Doc. 28 O ct. 47% Jan . 7 2,400 89% 95 87 88 88 Sale 88 Dec. 90% Dec. 88 D ec. 97 M ay 1 561,692 4% 4% 10 Sale 9% Sale 10% D ec. 9% Dec. 4% Jan 10% A ug. 19 107,000 136 138% .29 Sale 130 Sale 128% Dec. 133% D ec. 105% M ar. 140 Jan . 6 794,550 42% Sale 17% Sale 20% Sale 17% D ec. 21% Dec. 42% Ja n . 2 14% N ov. 76,300 91% Sale 85 Sale 88 89% 85 Dec. 90 Dec. 98 F eb. 13 79 O ct. 91,300 14% Sale 8% 8% 8 % 8% 8 D ec. 9% D ec. 17% F eb . 9 7 M ay 92,550 61 62 48% Sale 51 51% 48% Dec. 52% Dec. 33% M ay 67% F eb . 9 110,000 28 Sale 30% Sale 28 D ec. 30% D ec. 30% D ec. 30 23% O ct. 205,300 134 Sale 128 Sale 126 Sale 124 Dec. 134% Dec. 136 Ju n e 3 109 M ar 16,300 83 83% 83% Sale 84% 84) 83 Dec. 84 D ec. 81% O ct. 86% Ju ne 1 457,600 45 Sale 39% Sale 38 Sale 38 D ec. 40% D ec. 46% F eb . 16 31% July 170,800 15% Sale 12 Sale 9 % Sale 9% Doc. 9% D ec. 12% D ec. 15% Jan . 4 4,100 100 Sale 95% 100 90 97 94% D ec. 97% D ee. 94% D ec. 103 M ay 21 318,100 52% Sale 30% 31 30 Sale 29% D ec. 33% D ec. 52% Ja n . 4 25% Oct. 45,800 86% 87 73 76% 71 73% 70 Doc. 76% Dec. 67% O ct. 87 Ja n . 4 Sale 109% Sale 107% D ec. 113% D ec. 967,700 118% Sale 90% M ar. 119% Ja n . 4 Sale 120 Sale 119% Dec. 124% D ec. 25,700 118 120 116 Aug. 124% D ec. 7 37,900 71% 72% 73% Sale 71% Dec. “4% D ec. 65% Oct. 80% A ug. 16 1,710 124% 124 126 122 Dec. 125 Dec. L22 125 D -c. 23 114 July 202.800 54 55 44% Sale 42% Sale 42% P e c . 23 47% D ec. 9 42% D ec. 57% F eb . 16 6,800 115 116 F eb . 6 115 104 112 120 113% A pr. 104 100% 107 103 Dec. 2 104% D ec. 29 93% Mar. 15*104% D ec. 29 4,000 95 96% 414.410 61% Sale 61% Sale 59% Dec. 1 63% D ec. 13 50% M ay 19 72% S ept. 8 Sale 114 Sale 109% Dec. 16 114% D ec. 27 101% M ay 19 122% A ug. 9 215,200 115 Sale 300 133% 133% Dec. 22 133 % D ec. 22 129 F e b ..23,133% D ec. 22 16,700 76% 80 87 ‘ 8 8 " 88 89% 88 Dec. 6 90 D ec. 10 77% M ar. 31 90 D ec. 10 74 20,070 71 46 48 40% 42 40% Dec. 30 47% D ec. 17 39% N ov. 9 47% D ec. 17 531,400 56% Sale 60% Sale 56 Sale 55 Dec. 28 61% D ec. 9 42 A pr. 14 70% A ug. 17 294,200 1 5 % Sale 6 Sale 6 Sale 5 % Dec. 29 6% D ec. 4 5% Dec. 291 11% Mar. 12 3,454,000 1144% Sale 133% Sale 142% Sale 133 Dec. 1 149% D ec. 27 109% Apr. 2l! 152 Aug. 17 41,800 113% 114 119% 119% 120% 121 119% Dec. 4 122% D ec. 20 112% Mar 31 122% Dec. 20 51,339 141 142 133 134% 127 Sale 123% Dec. 22 133 D ec. 7 121% Oct. 6 165 Feb. 9 3,200 100 105 96 Sale 94% 97 96 Dec. 1 97 D ec. 3 95 % Nov. 30 105 June 24 308,950 46% Sale 44% Sale 45 Sale 44 Dec. 3 45% D ec. 6 40 May 111 47 Aug. 3 10,400 112% 113 113 114 113% Sale 112 Dec. 20 114 D ec. 10 110% Sept. 21115 Feb. 23 675,900 75% Sale 83 Sale 81% Sale 80% D ec. 29 8 5 H D ec. 14 65% Apr. 14 87% N ov. 26 39,450 103 Sale 108 Sale 107 Sale 107 D ec. 30 109% D ec. 9 100 June 19 110% N ov. 30 290,100 40 Sale 42% Sale 39% Dec. 14 44 D ec. 18 29% Aug. 13 44 Dec. 18 11,100 39 41 30 Sale 07 \4. Sale 27 D ec. 20 30 D ec. 1 25% 6 41% Feb. 632,°hn 142% Sale 149 Sale 149% Sale 148% Dec. 27 151 D ec. 18 139% July 18 151 D ec. 10 June 18 218,690 115% Sale 120 % Sale 121% 122% 120% Dec. 2 124% D ec. 18 111% Mar. 31 124% Sept. 8 344, OOP 114% Sale 119% Sale 1 2 1 % Sale 118% D ec. 6 122% D ec. 20 110% Mar. 31124 Sept. 8 36,200 106% 107 110% Sale 110 110% 110 D ec. 28 111 % D ec. 9 106% Jan. 4 113 M ay 26 30,000 117 120 119 Sale 123% 127 119 D ec. 6 130% D ec. 17 114 Jan. 22 135 Feb. 13 113 105 107 108 109% 107 Dec. 4 108% D ec. 21 102% Aug. 13 108% Dec. 21 6,600 646,800 71 Sale 59 Sale 63% Sale 59 Dec. 1 66 D ec. 9 43% Apr. 13 74 Jan. 4 10,700 101 104 106% 106% 106 Sale 105% Dec. 29 107 D ec. 10 101 % M ar. 3 108% Jan . 27 1,100 98 106 100 106 99% 106 97% Aug. 21 100 Jan . 20 771,900 41% 42 32 Sale 33 Sale 31% Dec. 19 June 9 42% Jan . 13 36% D ec. 183,838 87% Sale 86% Sale 86 Sale 86 D ec. 66 A pr. 30 90% D ec. 7 90% D ec. 101.700 1% 1% 1% Sale 1 1% D ec. % Aug. 13 5% Ja n . 13 1% 1 D ec. 23,200 % 1 % Aug. 4 4% Jan . 13 138,900 8% 9 7% Sale 5% M ay 19 12% F eb . 4 7 D ec. 8% Sale 11% D ec. 224,400 37% 38 42% Sale 44 45 42% D ec. 20 M ay 19 54% D ec. 10 54% D ec. 1,316,000 49% Sale 47% Sale 48 Sale 47% D ec. 49% D ec. 41% M ar. 30 51 % A ug. 6 60,300 44% Sale 40 41 40% 42% 40 D ec. 34% June 11 44% J a n . 2 42% D ec. 3,200 103 105 103 108% 106 107% 106 D ec. 106% D ec. 100 M ar. 4 108 O ct. 16 44,000 97 97% 93% Sale 93 Sale 92% D ec. 90% M ay 21 97% J a n . 13 95 D ec. 1,014,700 23% Sale 16% Sale 15% Sale 14% D ec. 13% M ay 22 25% F eb . 13 17% D ec. 657,600 16% Sale 9 Sale 5% M ay 20 17 Ja n . 4 8% D ec. 8% Sale 9% D ec. 14,140 90% 90% 84 87 80 84 84 D ec. 80 A pr. 30 93 F eb . 11 86% D ec. 111,700 20% 25 25% Sale 22% 24% 22% D ec. 18 A pr. 12 31 % J a n . 6 26% D ec. 53 Sale 54% 55% 52 D ec. 69,050 57% 61 46% Sept. 23 63% Ja n . 21 56% D ec. 5,520 n o 113 112 116 112 114 113 D ec. 113 D ec. M ar. 18108 113 D ec. 6 26,400 19% Sale 23 Sale 22% Sale 22% D ec. 19% Jan . 2 23% O ct. 5 23% D ec. 362,500 53 Sale 42% Sale. 41% Sale 41 D ec. 47% D ec. 37% M ar. 30 54% Ja n . 9 8,800 100% 103 101% 101? 98 102 101 D ec. 102 D ec. 96 M ar. 25 102% Jan . 6 6,288 107 108 106 Sale 110 Sale 103% D ec. 110 D ec. 102 M ay 19 110 D ec. 20 1,072,072 46% Sale 50% Sale 49 52 49% Dec. 44% Jan . 6 60 M ar. 4 50% D ec. 388,300 63% Sale 38% Sale 39% Sale 36 D ec. 29 O ct. 11 68% J a n . 6 42% D ec. 44,200 53% Sale 37 40 39% Sale 36 D ec. 33% O ct. 27 56% Ja n . 13 39% D ec. 97 M ar. 3 128% M ay 24 734,100 | 108% 109 104% Sale 114 Sale 104% D ec. 117% D ec. 9.100 ; 116 117 116% Sale 116 116% 116 D ec. 116% D ec. 115% Oct. 120 Ju n e 22 11,100 , 57 59 54 M ar. 64 Sale 61 62 62% D ec. 64 D ec. 64 N ov. 2 32,800 ! 17% Sale 8 O ct. 21 17% J a n . 30 8% 8% 8% 9% 8% Dec. 8% D ec. S h a res. 1-92 6 B id A sk SALES STOCKS TO In D ecem ber. Par S h a res. 13,100 3,300 6,400 600 2,900 Preferred . 678,200 Baldwin L,o< 1,200 Preferred_ 1,000 83,200 Barnsdall O orp, C lass A_ 7.200 Class B ______________ 29,500 400 6,500 17.800 127,600 8,800 7 % preferred 20,900 300 ■ P referred_____________ 200 B lum enthal & Co p ref__ 1 1.00! 1 Bon Ami class A _____ n o 17,600 400 6,200 B otany Cons M ills A . 900 ___ 200 11,000 15,100 4,600 62,500 15,300 14,600 4,700 . .. 2,300 12.000 Burro’s Add M ach ___n o 12,600 Bush T erm inal Co, new . 1,100 D eb entu re___________ 100 7,100 B utte C opper & Zinc______ 5 9,000 8,500 5,300 . -----21,400 45,700 59,500 9,600 7,400 4.8G0 14,100 36,000 P referred_____ 1,910 C entra] Alloy S teel.. 7,400 P referred_________ . 10,100 2,800 12,400 6,500 7,600 100 25,300 20,900 300 ______ 7,900 36,700 17,400 100 15,800 150,600 200 15,700 1,035,300 2,600 C ity Investing C o. 200 5,200 _____ 68,900 Collins & A ikm an. 106.900 P referred ______ 12,600 89,800 4,700 400 _ _ __ 86.500 15.200 R ig h ts______________ 232.300 Colum bian C arb on ___n o p a r 20,600 9,840 Com m ercial C red it___ 100 Preferred 7 % ______ Preferred B ________ ___ 1.500 800 F irst preferred_________25 4,500 Com Inv T ru st______ n o p a r P referred ______________J00 300 1,200 634 % preferred________100 Commercial Solv B ___n o p a r 83,900 Oongoleum Co new ___n o p a r 125,200 Congress C igar______ n o p a r 49,600 Conley T in Boil stp d _ .n o p a r 6,000 O orsolidated C igar___n o p a r 89,900 Preferred______________100 400 Consol D istribu to rs. _no p a r 9,800 C onsolidated G as____ n o p a r 128,800 Consol T extile_______ n o p a r 86,700 C ontinental B ak cl A .n o p a r 252,400 Class B ____________ no p a r 158,700 Preferred______________100 25,600 C ontinental C an Inc pref 100 C ontinental C an _____ no p a r 312,300 C ontinental Insurance____25 6,500 C ontinental M otors_.no p a r 231,000 Corn Prod Refg pref____100 2,700 New w i________________25 242,000 o ty, In c ____________ no p a r 12,700 Jrex C arp et____________ 100 200 Crown Will P ap 1st pf.no p a r 700 69,500 Crucible Steel of A m er.-lO O 1.800 Preferred______________100 Cuba C o _____________no p a r 35.500 Cuba Cane Sugar____no p a r 20,400 60,300 Preferred______________100 Cuban American Sugar___10 69,300 413 Preferred______________100 6,700 Cuban Domin Sug newno p a r C udahy P acking_________100 N ew _____ ______________50 88,100 C ushm ans Sons______ no p a r 5,400 7 % preferred__________ 100 8% preferred______ n o p a r 100 Ouyamel F ruit_______ no p a r 11,700 Davison Chem v t c ..n o p a r 27,200 DeBeers Cons M ines.no p a r 700 Deere ft Co pref_________100 200 D etroit E dison__________ 100 9,600 R ig h ts ___________________ 22,378! Devoe ft Raynolds A no p a r 26.800 Z E x dividend, a Ex rights; P referred. 35 STOCKS—STOCK EXCHANGE RECORD Ja n . 1927.] , 1. JAN . S in c e Jan. 1. P R IC E S I N P r ic e a bou t Jan. 2 1926. A sk. D ec. 1. Ask. D ec 31. Ask R A N G E S IN C E J A N . DECEM BER. L o w e s t. H ig h e s t. S a le P r ic e s 12 1. L o w e s t. H ig h e s t. s a l e P r ic e s S a le P r i c e s . D ec. 13 756 O ct. 23 28 Ja n . 29 2756 8 34 Sale 143,100 10% 834 D ec. 1 n 6 20,000 92 94 57 Sale 61 6 3 5634 D ec. 6 6534 D ec. 14 54 N ov. 3 93 J aeb.. 11 56 O 9 256 F D ec. 54,400 34 Sale 34 8 Vs 4 % 6 Vs 8 34 D ec. 6 8 34 D ec. 15 456 Jact.. 6 10 Sept. 27 n 3 D ec. 3 2,600 4 % 656 7 4 2 % Sale 38 4 0 39 D ec. 16 4434 D ec. 3 18 Ja n . 23 44J6 D ec. 3 6,000 19 23 3,698.900 130 Sale 157 Sale 155 Vs Sale 15234 D ec. 6 16734 D ec. 24 9256 M ar. 31 16756 D ec. 24 14,600 11056 113 118 118*4 115 11834 11534 D ec. 18 11834 D ec. 2 105 M ar. 31 11956 N ov. 24 10,600 4656 53 40 4 4 % 41 Sale 40 D ec. 15 4434 D ec. 22 40 M ay 13 5756 Feb. 23 943,400 33 Sale 2734 Sale 27*4 Sale 2734 D ec. 16 2834 D ec. 3 2356 M ay 11 3356 Ja n .. 2 73,700 2934 Sale 25 Sale 25 26 2434 D ec. 22 2634 D ec. 4 22 O ct. 27 2956 Jan 2 131,100 4656 Sale 54 Sale 5 3 % Sale 5034 D ec. 6 5434 D ec. 1 39 M ar. 31 5556 N ov. 30 100 10334 10034 D ec. 4 10234 D ec. 29 98 M ay 10 10256 D ec. 29 2,500 98 102 10034 5256 O ct. 6 220,900 6856 Sale 5 8 Vs Sale 58 5834 5834 D ec. 30 6134 D ec. 24 26 D ec. 31 71 >6 F eb . 4 3956 Ja n . 4 163,300 3934 Sale 2 8 % Sale 26 Vs Sale 26 D ec. 31 29 D ec. 4 5156 1,524,800 4856 Sale 48 Sale 4 6 Vs Sale 4634 D ec. 6 4834 D ec. 21 3756 M ay 20 10556 Sept. 20 D ec. 22 121,800 10056 Sale 105 Sale 10454 105 103 34 D ec. 3 10534 D ec. 22 99 June 1 42 D ec. 30 41 Sale 36 D ec. 9 42 D ec. 30 28 June 11 110 D ec. 11 75,730 3 7 % Sale 21 3,800 107 % 1 0 9 V s 1 1 0 % 10934 D ec. 3 110 D ec. 11 10456 June 30 60 Ja n . 15 50 700 35 4 5 % 40 Rale 40 D ec. 3C 4534 D ec. 17 40 D ec. 11,600 5< % 56 34 D ec. 23 5356 D ec. 31 56 56 D ec. 23 7 7% 7 D ec. 2 834 D ec. 7 456 M ar. 24 956 Ja n . 11 113.700 556 656 7 % Sale 7 7.800 4556 49 45 50 45 50 45 D ec. 27 47 D ec. 7 3456 O ct. 11 5156 Jan . 4 38.000 42 44 23% 24% 28 2834 23 D ec. 7 3134 D ec. 18 20 M ay 25 4156 Jan . 56 M ay 5 3 Jan . 18 2 1 1 34 D ec. 28 1 D ec. 30 7,950 2 % % 9 56 June 29 27 Jan . 28 13% 1,400 2556 29 1934 9% 21 3 2% 9,760 9 9 5-8 2 234 2 D ec. 24 234 D ec. 6 1 56 June 24 1056 Jan . 11 Sept. 238,300 135 Sale 159 Sale 1 5 4 Sale 152 D ec. 23 159 D ec. 1 133 M ar. 31 163 D ec. 8 1 462,300 77 Sale 97 Sale 9 1 % 92 9134 D ec. 2S 98 D ec. 1 68 M ar. 30 98 144,800 4656 Sale 34 Sale 3234 D ec. 2C 35 D ec. 23 2956 Ju ne 1 4856 J a n . 7 482,400 35 Sale 2534 Sale 2 8 % Sale 25 D ec. 1 3034 D ec. 13 24 O ct. 20 3756 Ja n . 4 219,200 2856 Sale 3534 Sale 3 6 Vs Sale 3534 D ec. £ 3734 D ec. 30 2456 M ar. 30 3956 Sept. 15 293,000 1056 Sale 1534 Sale 1 4 % Sale 14 D ec. 14 1634 D ec. 9 856 M ar. 4 1856 N ov. 5 113,400 132 Sale 1 2 9 % 133 1 2 5 126 125 D ec. 2£ 13134 D ec. 9 121 M ar. 31 144 Ju ly 23 97 M ar. 30 103 56 Ju ne 22 8,100 9856 100 101 34 104 98% 100 83,700 38 Sale 3 0 Sale 2 7 % 28 28 D ec. 28 3034 D ec. 9 2656 N ov. 4 44 F eb . 13 130,500 9056 92 1 1 5 116 1 2 2 % Sale 118 D ec. 2 124 D ec. 29 7756 A pr. 13 124 D ec. 29 139,800 2154 Sale 2 7 V8 28 31 Sale 27 D ec. 1C 32 D ec. 27 1656 M ar. 18 3456 July 14 24,425 8656 8^56 9 1 % 9 2 % 91 14 Sale 9134 D ec. 1C 93 D ec. 27 86 A pr. 6 93 A ug. 2 10334 D ec. 3C 10314 D ec. 30 9956 Jan . 20 104 N o v .19 1,700 9956 103 103% 4 D ec. 23 434 D ec. 8 4 D ec. 23 656 Feb. 10 86,900 5 56 6 4% 4% 4V s 4V s 314,800 22 23 56 5 2 % Sale 5 1 % Sale 5034 D ec. 31 5634 D ec. 4 1756 M ar. 3 71 S ept. 15 170,900 1456 Sale 1 2 % Sale 1 0 % Sale 1034 D ec. 28 1334 D ec. 9 756 M ay 18 16 56 Ja n . 11 36 40 42 4 1 % Sale 3934 D ec. 11 42J4 D ec. 4 28 M ar. 29 44 56 N ov. 16 69,400 34 9856 M ar. 20 10256 N ov. 11 105 106 750 9956 100 1 0 3 % 95,400 74 75 67 6834 6534 D ec. 20 8034 D ec. 6 53 Ju ne 30 90 Sept. 27 940,500 12956 Sale 69 Sale 6 9 % Sale 68 D ec. 6 7234 D ec. 21 6656 O ct. 18 17956 F eb. 4 1,901,500 3456 Sale 3 0 % Sale 31 Sale 3034 D ec. 1 3134 D ec. 3 2956 O ct. 11 3856 Feb. 10 107,600 156 2 1% 1% 1% 134 134 D ec. 6 134 D ec. 21 156 M ar. 26 256 Ja n . 15 139,060 61 Sale 6 9 % Sale 6 6 % Sale 65 D ec. 3 70 Dec. 1 5556 M ar. 29 7356 A ug. 9 138,800 1456 Sale 1 5 % 16 1 4 % Sale 1434 D ec. 3C 1634 D ec. 14 1356 M ar. 31 1856 A ug. 9 3 7 % Sale 3 6 % Sale 113,200 3534 D ec. 16 3834 D ec. 20 3256 O ct. 20 49 S ept. 10 584,800 6556 Sale 1 5 2 Sale 1 5 1 % Sale 14534 D ec. 8 15934 D ec. 11 6256 Ja n . 4 176 A ug. 6 116 117 11134 D ec. 4 11534 D ec. 28 96 Ja n . 5 11856 A ug. 10 409,110 97 Sale 1 1 2 35,800 30 3 0 % 2934 Sale 2834 D ec. 29 31 D ec. 11 8 56 O ct. 20 33 56 A ug. 27 600 10656 O ct. 14 107 N ov. 20 1 0 6 % 1 0 7 % 10634 107 238,300 1856 Sale 7 Vs 734 D ec. 23 834 D ec. 9 7 N ov. 11 2056 Jan . 5 7 % Sale 8% 7 D ec. 21 856 7 4,400 7 Vs 8% 734 7 D ec. 21 734 D ec. 6 43 56 A pr. 28 6856 N ov. . 19 Jan 5 527,400 '6556 Sale' 5 2 % Sale 5 4 % Sale 5134 D ec. 9 5434 D ec. 31 52 54 5 4 % Sale 5134 D ec. 21 5434 D ec. 31 50 N ov. 11 5456 D ec. 31 7,220 99,200 32 33 12% 15 1 2 % Sale 1134 D ec. 17 1534 D ec. 20 1056 O ct. 25 32 56 Ja n . 8 2,600 92 95 78% 85 7 8 % 84 7834 D ec. 29 7834 D ec. 29 7856 D ec. 29 90 Ja n . 21 558,200 63 Sale 6 2 % Sale 62 Sale 6154 D ec. 29 6534 D ec. 14 57 56 Ja n . 22 7356 A ug. 9 262,800 4756 Sale 43 Sale 42 Sale 41 D ec. 30 4434 D ec. 3 3656 M ay 20 4956 Ja n . 5 3,800 10256 Sale 105 107 104 105 105 D ec. 29 10534 D ec. 9 100 M ay 22 106 56 N ov. 9 90 M ay 15 100 Sept. 17 1,400 8356 100 97 95 M 87,100 9 Sale 8 % Sale 834 D ec. 9 934 D ec. 1 856 N ov 5 26 F eb . 11 23 Vs Sale 2 1 % Sale 2034 D ec. 9 2534 D ec. 13 2056 D ec. 9 45 56 Feb. 15 230,461 145,200 119 Sale 116 Sale 1 2 3 Sale 116 D ec. 1 12834 D ec. 27 9456 A pr. 8 12856 D ec. 27 2,500, ____ 51 44% 46 41 45 43 D ec. 30 43 D ec. 30 43 D 30 49 F eb. 8 165,750 65 Sale 4 8 % Sale 4 9 Vs Sale 4834 D ec. 2 5234 D ec. 7 4556 M ay 19 6656 Ja n . 4 582,9001 3556 Sale 32 Sale 3 4 % Sale 3134 D ec. 1 3634 D ec. 11 30 M ar. 3 3656 Ja n . 6 13,000! 1956 20 22 27 22 27 2534 D ec. 2 2534 D ec. 2 16 M ar. 3 26 N ov. 4 86,300 208 Sale 37 Sale 33 3 4 Vs 3334 D ec. 30 3934 D ec. 3 2956 O ct. 15 6356 Ja n . 4 5,874,000 52 Sale 3 6 % Sale 42 Sale 3534 D ec. 1 4434 D ec. 14 2856 M ar. 30 5456 Jan . 9 73,100 108 Sale 101 103 101 10134 103 D ec. 3 10634 D ec. 14 93 M ar. 30 108 Ja n . 2 25 D ec 17 125 D c. 17 125 D ec. 17 125 D ec. 17 20)1 27,900 67 6856 61 Sale 61 Sale 60 D ec. 18 62 D ec. 8 60 D ec. 18 6856 Jan . 7 7,000 103 107 11334 117 1 1 1 % 114 10356 Ja n . 13 116 Sept. 17 1,091,100 15356 Sale 16634 Sale 17234 Sale 16634 D ec. 4 17434 D ec. 27 128 M ar. 24 17456 D ec. 27 255,300 5 6 % Sale 6 5 % Sale 5634 D ec. 1 6934 D ec. 24 3456 M ay 27 6956 D ec. 24 37,900 11334 1 1 4 % 127 130 11334 D ec. 3 13834 D ec. 24 9856 M ay 27 13816 D ec. 24 1,114,500 3656 Sale 4 2 % Sale 4 3 % Sale 4234 D ec. 1 4734 D ec. 7 2746 M ar. 3 4956 O ct. 2 1,272,800 8356 Sale 8 9 Vs Sale 8 9 Vs Sale 88 D ec. 21 9034 D ec. 6 6356 M ar. 29 90 6 D ‘C. 6 79 O ct. 11 87 56 N ov. 26 84,600 42,400 114 11456 116M 1183^ 117 11834 116 D ec. 2 11734 D ec. 4 111 % Sept. 13 117 56 N ov. 26 100 11456 N ov. 16 11456 N ov. 16 110.600 89 % Sale 89 Sale 8734 Dec .15 91 D ec. 6 8556 N ov. 20 " i D c . 6 Sale 21,900 101 Sale 101< % S a i - i 10034 D ec.. 14 10134 D ec. 2j 9856 N ov. 18 10156 N ov. 20 7 -< 34 FMc. 22 > D « 14 D ec. 22 232,300| 256 D ec. 14 69,700 59 Sale 6 7 % Sale 6 7 Sale 6634 D ec. 29 7034 D ec. 14' 5554 Ja n . 26 70 !4 D ec. 14 202,590 47 Sale 1 7 % 18 1 7 Vs Sale 1734 D ec. 31 19 D ec. 4 1656 N ov. 13 47 56 Ja n . 6 3,500. 2656 27 2 2 % Sale 21% 23% 2234 D ec. 31 2234 D ec. 31 21 56 N ov. 13 2656 Ja n . 6 4,600; 2756 Sale 2 2 2 5 2 2 % 2 2 % 22 D ec. 4 24 D ec. 17 20 N ov. 16 2756 Ja n . 11 21,650; 87 8 9 8 5 % Sale 8534 D ec. 31 87 D ec. 3 8556 D ec. 3 9956 F eb . 20 26,800, 7156 Sale 5 8 % Sale 55 Sale 5434 D ec. 31 6234 D ec. 3 5456 D ec. 3 ‘ 72 Jan . 11 3,300, 10056 10356 101 10234 98 Sale 98 D ec. 31 10234 D ec. 2 97 Ju ne 7 i 04 Ja n . 28 93 9 4 % 92 Sale 92 D ec. 23 9434 D ec. 2 89 M ay 7 100 Ja n . 13 15,700 518,500 118 121 2 2 8 % Sale 231 Sale 21734 D ec. 16 237 D ec. 27 11856 Ja n . 4 237 N ov. 23 2,142,800 18 Sale 2 1 % Sale 19 Sale 1834 D ec. 13 2134 D ec. 1 1256 M ay 13 29 56 Sept. 1 187,900 17 5 4 % Sale 5 5 % Sale 5234 D ec. 8 57 D ec. 31 4056 M ay 2 57 D ec. 31 % D^c. 34 D ,c. 2' 1 M ar. 12 34 D ec. 29 6,000 *4 1,200,400 63 56 Sale56 8 4 % Sale 8 4 Vs Sale% 82 D ec. 18 8734 D ec. 14 4556 A pr. 15 87 56 D ec. 14 26.890 95 9556 9 7 % 102 9 8 Vs 10234 9734 D ec. 16 102 D ec. 22 91 M ar. 31 10756 Ju ly 28 456 l Y s 1 % 557,600 4 134 1 34 D ec. 4 134 D ec. 8 156 A ug. 13 6 56 Ja n . 7 2,929,888 9456 Sale 111% Sale 1 0 lV%s Sale 108 D ec. 31 11234 D ec. 1 87 M ar. 30 11556 A ug. 6 8 410,600 256 Sale 3 % Sale 334 D ec. 1 434 D ec. 2 1 56 M ay 10 4 56 N ov. 22 3V s Sale 718,700 7 0 % Sale 58 D ec. 8 72 D ec. 11 5056 O ct. 20 95 A ug. 28 Vs Sale Sale 6 7 Vs Sale 971,400, 9 9 8 D ec. 29 934 D ec. 11 756 O ct. 20 1756 A ug. 28 66,700 9 0 % Sale 9 3 % Sale 8834 D ec. 22 9434 D ec. 15 87 O ct. 7 9956 A ug. 28 3,900 119 122 % 120 12234 117 M ar. 3 126 A pr. 28 846,500 9256 Sale 74 Sale 7 2 % Sale 72 D ec. 28 7634 D ec. 20 70 M ar. 30 9256 Ja n . 2 79.100 131 134 132 135 % 137 13934 13434 D ec. 2 141 Vs D ec. 16 122 M ar. 31 14156 D ec. 16 993,700 1156 Sale 1 1 % Sale 13 Sale 1134 D ec. 4 1334 D ec. 27 934 M ay 17 13 56 D ec. 27 44,380. 123 125 1 2 7 % Sale 1 3 0 % 131 12634 D ec. 7 13034 D ec. 23 12256 Jan . 6 13056 D ec. 23 2,279,600, 4256 Sale 4 9 % Sale 4 9 % Sale 49 D ec. 1 5154 D ec. 20 3556 M ar. 30 5156 D ec. 20 Sale 5 7 % 5 7 Vs 57 D ec. 28 62 D ec. 9 4456 M ar. 29 62 D ec. 9 60 117,400 58 60 6,000! 63 Sale 2 0 24 23 26 22 D ec. 27 22 D ec. 27 20 Sept. 16 63 J a n . 2 98% 3,900 9 8 Vs 9 7 % 100 9734 D ec. 17 9854 D ec. 14 9756 D ec. 17 9856 293,805: 80 Sale 7 4 y 8 Sale 81 Sale 7434 D ec. 1 8234 D ec. 11 64 A pr. 15 8256 O ct. 25 D ec. 11 16.000 99 Sale 1 0 2 Sale 103 105 101 Vs D ec. 4 104 D ec. 14 96 Miar. 30 104 D ec. 14 680.100 49 56 Sale 3 5 Vs Sale 3 2 Vs Sale 3134 D ec. 15 3534 D ec. 2 2856 O ct. 20 5356 June 30 230,400 956 Sale lO V s Sale lO V s Sale 10 D ec. 4 10 34 D ec. 1 856 M ay 22 1156 Ja n . 29 549,030, 43 56 Sale 4 8 % Sale 4 8 % Sale 4634 D e.c 4 5034 D ec. 11 35 56 Ju ne 8 5056 D ec. 11 220,900, 2456 Sale 28 Sale 2 7 Vs Sale 2634 D ec. 29 2834 D ec. 15 2056 Aug. 19 3056 Jan . 28 13,4131 98 Sale 102 106 101 110 101 D ec. 29 105 D ec. 13 9756 J a n . 5 105 N o v .19 25,700 18 Sale 1 8 % Sale 17 D ec. 30 19 D ec. 9 15 56 Sept. 24 2056 Ju ne 7 130,100! 96 Sale 76 A pr. 21 Sept. 17 52 Sale 5 2 % Sale 52 D ec. 1 55 D ec. 13 5156 N ov. 19 11056 D ec. 13 113,900 55 94 99 106 Sale 96 D ec. 6 108 D ec. 28 7756 M ar. 1 108 D ec. 28 94,700 100 101 1,300 104 109 107 110 9956 F 10756 A ug.10 107 Sale 10634 109*4 107 D ec. 1 107 D ec. 1 106 Aeb . 16 107 O ct. 28 300 ug. 11 110,260 4656 Sale 3 4 % Sale 32 Sale 3234 D ec. 28 3634 D ec. 2 32 N ov. 26 51 Jan . 14 41 56 Sale 27 Sale 27 Vs Sale 2534 D ec. 8 30 D ec. 21 2356 O ct. 20 4656 F eb. 17 1,339,410! 3 1 % Sale 32% 3,800 2756 29 3434 3034 D ec. 3 3234 D ec. 30 2756 A pr. 20 3956 O ct. 4 6,100 08 110 106 107 105 108 107 D ec. 30 107 D ec. 30 104 56 M ar. 27 110 N ov. 13 1 3 3 Vs Sale 135 136 13354 D ec. 1 141 34 D ec. 13 12356 M ar. 30 14156 D ec. 1 138,300! 3 Vs Sale 334 D ec. 1 334 D ec. 13 356 N ov. 5 3 56 D ec. 1 64,779; 333,6451 9 0 Vs Sale 3 8 Vs Sale 4034 Sale 38 D ec. 9 42 34 D ec. 27 31 O ct. 7 104 56 F eb. 1 S h a r es B id . 27 B id . B id 9 Vs S a le P r ic e s . 26 STOOKS-STOCK EXCHANGE RECORD SALES STOCKS H. Y . STO C K E X C H A N G E Par D evoe & Reynolds ls tp f d 100 Dodge Bros, Class A . n o p a r P ref tem p certlfs___no p a r D om e M ines L td _____ n o p a r Douglas P ectin ______ n o p a r D uquesne Light 1st p re f. 100 D urham H osiery_________50 E astm an K od ak _____ n o p a r E aton Axle & Spring_.no p a r E I du P on t de N em & ColOO N e w ---------------------- n o p a r 6% cum ul p ref________100 E lsenlohr (O tto) B ros____25 E lectric A uto-L ite___no p a r Electric B o a t_________no p a r Elec Pow & L t p f 40% pd w i C ertificates_________ Full paid w i _______ Preferred certificates_____ Elec R efrigeration____no p a r Elec Storage B attery .n o p a r Elk H orn Coal C orp ______ 50 P referred_______________50 E m erson-B rantingham . .100 C ertificates____________100 P referred______________100 Preferred c e rtific a tens.. v a r Class A ------------------- o 100 E m porium C o rp _____ n o p a r K n d ico tt-Jo h n so n ________50 P referred _____________ 100 E ngineers P ub S erv . .n o p ar E quitable Office B ld g p f.10 0 E rie Steam Shovel_____ __ 5 P referred______ _______ 100 E ureka Vacuum C lean .no p a r Exchange B uffet Cofp.no p a r P air (The) C o.....................100 Fairbanks Co (T he)______ 25 Fairbanks M orse_____ no p a r P referred______________100 Fam P iayers-L asky. .no p a r Preferred______________100 Federal L ight & T racnew 15 P referred______________100 Federal M in & Sm elt___ P referred___________1.100 Federal M oto r T ru ck .n o p a r Fidelity Phenix Fire In s . .25 Fifth Avenue B us____no p a r F irst N ational Stores____ Fisk R ub b er__________no p a r 1st pref conv ctfs.I.Z IlO O Fleischm ann Co, n e w ______ F oundation C o______no p a r Fox Film "A ” _________ . Franklin Simon pref____100 Freeport Texas C o___no p a r G abriel Snubber A ___no G ardner M o to r______no p a r TO In D ecem b er. S h a r es . 400 384,300 29,300 29,700 1,700 2,600 38,400 19,200 161,900 2,500 15,100 4,300 267,000 1,400 99,700 100 9,400 205,650 23,300 900 200 500 4,200 200 900 1 ,9 j 0 300 8,586 1,600 10,200 2,100 1,800 28,300 600 155,000 500 3,200 16,600 700 220.000 1,600 126,000 200 2,500 22,400 21,200 1,650 500 600 13,400 83,800 5,200 700 117,500 56,625 69,000 250 263,600 26,100 12,500 34,800 800 315,800 u en erai A sphalt______ 4,000 P referred_____________ 156 G eneral Baking p re f..? 110 12,500 Preferred . ' 200 100 G eneral Electric— N e w .. 176,500 36,300 Special when issued__ 19,200 2,600 200 400 400 2,554,800 100 300 9,500 8,100 36,800 100 N ew ______________ 52,000 400 G eneral R efractories. 38,600 4,900 P referred. 38,000 17,600 51,600 P referred. 3,800 800 6,600 P referred_________________ G otham Silk H osiery.no p a r 22,700 10,800 1,100 P referred____________ 10,600 G ould Coupler “ A” ____ 45,800 G ranby Cons M S & P . 64,100 1,100 51,100 35,500 i()0 P referred. 18,900 1,300 H anna 1st preferred. 4,000 11,800 37,900 P referred ___ 500 H elm e (G WJ. 4,600 3,900 500 Household P roducts. 4,700 24,700 26,900 H udson M otor C ar. 595,000 H upp M otor C ar C 106,700 Indep Oil & G as___ 322,200 Indian M otocycle.. 400 1 iu 6,400 6,100 100 1,900 20,000 100 23.600 16,000 14,000 9,200 35,500 13,300 2,600 P referred _______ Inter C om bus E ng . ..n o v a r 243,000 __R ig h ts___________ 10,7001 JAN. S in c e Jan. 1. 1. . 1,600 4,715,700 480,000 353,700 77,900 30,000 7,600 229,700 539,700 1,143,410 376,100 58,600 129,300 82,000 670,600 27,100 1,508,600 1,800 88,800 903,200 378,000 27.300 4,900 20,700 5,000 21,600 9,000 1,900 300 115,586 11,000 54,400 15,800 35,200 74,800 3.600 376,100 16,700 66,750 3,400 163,700 4,300 2,538,150 35,900 630,000 1,600 35,250 131,500 212,200 23,050 17,725 12,700 264,000 1,748,800 58,110 9,100 2,485,600 1,245,125 956,800 4,200 2,793,000 343,300 76,700 268,900 6,500 1,808,500 98,200 1,010 130,800 2,100 4,000 1,925,000 344,300 238,300 7,400 4,600 6,200 5,490 11,333,900 2,900 3,400 103,400 93,900 287,850 2,300 859,900 11,800 339,900 16,200 401,550 522,700 761,400 17,410 13,850 103,600 379,000 117,200 41,400 50,400 563,300 307,000 5,900 261,900 135,700 I4'l 332,100 6,900 7,500 56,600 203,400 1,800 26,800 944 38,000 24,400 98,700 144,700 516,400 10,574,910 1,142,900 1,552,000 51,800 188,900 82,410 4.100 39,300 144,400 5,500 193,700 379,700 233,000 51,600 342,300 302,900 15,700 5,108,000 10,700 S h a res P R IC E S I N 2 1926. Jan. B id . A sk. 90 a 1. 681* Sale 1123* 117 52?* 161* 331* 254 511* 1071* 108 116 361* 102 96 991* 176 141* 102 395* 233* Sale Sale Sale 31* Sale 1081* Sale 117 Sale 105 Sale Sale Sale Sale 105 Sale Sale 551* 158 833* 106 205* 393* 95* 555* 101 673* 1053* Sale Sale Sale 1095* Sale Sale Sale Sale 1021* Sale 1083* 106 112 111* 581* 110 99 118 99 99 1153* 533* 311* 103 785* 49 775* 108 23 5* 475* 63 97 1055* 104 5* 393* 1025* 203* 20‘5* 951* 1133* 12 5 80 923* 54 1145* 116 Sale Sale 111 993* Sale 100 100 Sale Sale Sale 1055* Sale 51 Sale 112 Sale Sale Sale 975* 1061* Sale Sale Sale Sale Sale Sale 118 13 51* _____ Sale 613* 455* Sale 68 703* 301* Sale 48 Sale 463* Sale 71 73 271* Sale 113 Sale 275* Sale 32 3* Sale 183* 20 121* 125* 12 Sale 104 107 99 105 43 Sale 112 113 255* Sale 20 Sale 75 85 1473* Sale 671* Sale 100 104 625* Sale 31. A sk. DECEM BER. R A N G E S I]\ L o w e s t. H ig h e s t . 102 Sale 1013* D ec. 30 105 D ec. 263* Sale 23 3* D ec. 1 29 D ec. 8234 Sale 813* D ec. 1 86 D ec. 954 D ec. 30 1254 D ec. 954 Sale 46 Sale 44 D ec. 13 46 D ec. 11634 117 11534 D ec. 7 11654 D ec. 8 12 133 Sale 12134 D ec. 3 13654 D ec. 243* Sale 23 3* D ec. 1 267* D ec. 177 Sale 161 D ec. 1 1815* Dec. n o Sale 107 5* D ec. 3 1105* D ec. 12 Sale 113* D ec. 1 1254 D ec. 64 Sale 62 D ec. 22 685* Dec. 9 7* D ec. 1 16 D ec. 14 5* Sale 1043* Sale 10354 D ec. 15 105 D ec. 173* Sale 173* Dec. 1 19 5* D ec. 10434 104 29 104 96)4 Sale 95 5* D ec. 16 98 D ec. 37 n Sale 33 5* D ec. 9 395* D ee. 785* Sale 78 5* D ec. 28 83 7* D ec. 9 10 10 Dec. 30 1154 D ec. 23 3* 253* 23 3* D ec. 30 23 5* D ec. 1 D ec. 6 154 D ec. 54 2 54 1 54 D ec. 6 1 5* D ec. 6 15 Dec. 554 Dec. 28 554 D ec. 6 27 85* D ec. 83* 7 6 10 634 Dec. 30 R H 36 373* 36 29 68 Sale 67 3* Sale 675* Dec. 27 695* D ec. 115 119 1153* Sale 1153* D ec. 28 11S5* D ec. 223* 223* 22 3* Sale 22 Dec. 30 23 54 D ec. 93 5* Sale 94 945* 93 5* D ec. 1 95 D ec. Sale 1243* Sale 1203* 1213* 12054 Dec. 20 12554 D ec. 24 243* Sale 235* D ec. 14 255* D ec. 100 101 101 103 1003* Dec. 6 1015* D ec. 61 Sale 66 5* Sale 6954 Dec. 4 685* D ec. 15 153* 15 3* Sale 15 3* Dec. 2 155* D ec. 273* 28 2654 Sale 263* D ec. 31 28 Dec. 23* 4 25* 3 3* 44 443* 4254 Sale 375* D ec. 30 44 5* D ec. 107 111 108 111 108 Dec. 3 109 5* D ec. 1163* Sale 114 Sale 11254 D ec. 29 12054 D ec. 121 123 1203* 1223* 1215* Dec. 28 1245* D ec. 42 5* Sale 42 Sale 41 D ec. 22 475* D ec. 89 Sale 93 Sale 93 D ec. 18 94 D ec. 80 Sale 87 93 80 Dec. 1 9454 Dec. 703* Sale 76 78 703* D ec. 1 81 D ec. 245* Sale 2654 Sale 243* D ec. 2 29 5* D ec. 190 194 188 195 190 Dec. 4 19554 Dec. 153* 163* 133* 16 153* D ec. 22 16 D ec. 99 100 99 99 Dec. 10 101 Dec. 283* 2854 283* Sale 285* D ec. 30 3154 D ec. 163* Sale 163* Sale 16 3* D ec. 2 177* Dec. 79 80 80 8034 79 Dec. 8 D ec. 96 10154 98 3* Sale 97 3* D ec. 20 805* D ec. 98 49 3* Sale 47 3* Sale 465* D ec. 23 505* D ec. 80 Sale 80 3* Sale 73 3* Dec. 17 Dec. 74 Sale 7154 Sale 693* D ec. 14 8254 D ec. 7454 108 111 109 Dec. 15 109 Dec. 10734 323* Sale 34 Sale 31 7* D ec. 20 36 D ec. 30 Sale 29 3* Sale 28 Dec. 21 325* D ec. 75* Sale 7 Dec. 14 87* Dec. 7 3* Sale 47 Sale 46 Sale 453* D ec. 30 50 D ec. D ec. 1 D ec. 10634 Sale 10634 Dec. 8 109 Dec. 8634 Sale 8754 Sale 83 91 1293* Sale 125 133 127 Dec. 9 136 D ec. 112 120 117 12534 120 Dec. 13 120 D ec. 543* Sale 543* Sale 54 D ec. 17 557* Dec. 115 120 116 116 D ec. 17 118 D ec. 1153* 1173* 113 54 1173* 1153* Dec. 3 117 D ec. 8834 Sale 83 5* Sale 85 3* Dec. 17 885* D ec. 115* Sale 115* Sale 1134 D ec. 10 1154 D ec. 443* Sale 425* Sale 413* D ec. 29 48 D ec. Dec. 1 413* 3934 Sale 112 Sale 3934 Dec. 28 46 D ec. 109 3* 115 1123* 113 D ec. 995* 993* 993* 100 99 n Dec. 2 100 Dec. 953* Sale 94 34 Sale 9354 D ec. 21 957* D ec. 1395* Sale 15354 Sale 1383* Dec. 1 1605* Dec. 104 3* 103 34 8 106 106 10434 1043* 1043* 24 105 120 1203* 1203* Sale 1193* Dec. 3 12254 D ec. 55 3* Sale 56 Sale 55 5* Dec. 11 565* D ec. 39 3534 Sale 104 Sale 35 Dec. 7 397* Dec. 104 30 104 104 843* Sale 83 Sale 82 3* D ec. 31 8654 D ec. 43 45 43 Sale 42 5* Dec. 15 435* D ec. 46 Sale 4334 Sale 415* Dec. 29 48 Dec. 1013* Sale 104 ' 1043* 1015* D ec. 8 1045* D ec. 19 1854 Sale 21 Sale 18 Dec. 28 21 D ec. 4554 Sale 43 Sale 423* Dec. 10 465* Dec. 41 43 Sale 405* Dec. 1 Dec. 97 Sale 943* 95 943* Dec. 22 4454 Dec. 975* 106 1073* 10454 1053* 10434 Dec. 18 107 D ec. 97 34 109 99 54 Sale 963* Dec. 16 99 7* D ec. 63 34 Sale 6034 61 593* Dec. 23 63 54 D ec. 6334 Sale 6034 61 595* Dec. 22 6354 Dec. 1115* 11154 111 1113* 1113* Dec. 14 1115* D ec. 93* Sale 9 Dec. 8 10 D ec. 934 Sale 843* Sale 34 3* Sale 33 Dec. 28 367* Dec. 108 Sale 108 7* Sale 106 3* Dec. 6 113 5* Dec. 118 118 34 Sale 1 16 34 Dec. 20 11S54 D ec. 273* Sale 313* Sale 2534 Dep. 6 3454 D ec. 93* 954 9 Dec. 16 105* Dec. 1034 Sale 90 102 85 100 95 3* Dec. 16 95 7* Dec. Dec. Dec. 5554 Sale 54 Sale 53 3* D ec. 31 5854 Dec. 55 57 60 62 57 6 605* 263* 273* 273* Sale 26 D ec. 24 275* Dec. 2634 Sale 26 3* Sale 245* Dec. 28 26 7* Dec. 20 2654 20 5* Sale 17 3* Dec. 23 23 54 Dec. 100 Sale 1013* 104 100 Dec. 1 103 D ec. 853* Sale 75 80 80 D ec. 14 88 D ec. 1163* 11654 24 3* 26 23 Sale 195* Dec. 28 245* D ec. 62 Sale 60 63 613* Dec. 30 62 54 D ec. Sale 4554 Sale 43 43 34 42 54 Dec. 29 465* D ec. 61 5* Sale 57 3* Dec. 1 63 54 D ec. 57 40 3* Sale 40 Sale 39 Dec. 7 417* D ec. 4 5 5* Sale 543* Sale 45 3* Dec. 1 555* D ec. 20 3* Sale 22 5* Sale • 20 3* Dec. 1 23 5* Dec. 27 5* Sale 295* Sale 27 34 Dec. 1 33 5* D ec. 1554 173* 16 Sale 1534 Dec. 21 1554 Dec. 92 6 95 95 95 Sale 77* Dec. 6 9 D ec. 834 Sale 834 Sale 8 8 S3* 7 =4 Dec. 21 8 5.4 D ec. 95 97 100 107 96 Dec. 2 96 D ec. 95 Sale 95 Sale 92 Dec. 10 95 5* Dec. 40 3* Sale 42 3* Sale 39 Dec. 14 43 54 D ec. 110 113 111 D ec. 14 D ec. 2634 Sale 25 3* Sale 11034 D ec. 30 11054 D ec. 275* 25 13 3* Sale 12 3* Sale 12 Dec. 31 155* D ec. 93* D ec. 8 1154 D ec. 954 Sale 10 11 62 64 3* 63 34 Sale 60 33 D ec. 6 6554 D ec. 54 Sale 5434 Sale 53 D ec. 28 567* D ec. 52}* Sale 51 Sale 50 D ec. 2(1 525* D ec. 104 Sale 104 34 105 103 3* D ec. 16 106 D ec. D ec. D ec. 423* Sale 493* Sale 4254 Dec. 1 535* Dec. 16 H 1-3 d New stock Issued on basis o f 3 shares o f new for each share of old stock, D ec A s k . B id . 100 103 233* Sale 813* Sale 123* Sale 455* Sale 1153* Sale 9 123* 121 122 233* Sale 163 Sale 1073* 108 113* Sale 653* 66 91* Sale Sale 103 5* 105 Sale 17 34 Sale 104 Sale 97 Sale 36 Sale Sale 82J* Sale 11 13 12 221* 253* 31* 13* 2 1 23* 241* 10 15 85* 11 8954 455* Sale 87 Sale 16 7* Sale 195* 20 1121* 11354 .. . 2 0 111 Sale 291* Sale 232 Sale 1015* Sale 1061* 321* 921* 7354 ____ 3 221* D ec. B id . [Yol .124. S a le P r i c e s . S a le P r i c e * k Ex-dividend of 50% in stock. L o w e s t. 20 14 10 1 30 28 27 13 27 10 7 8 27 14 9 90 14 14 2 15 30 6 13 28 9 9/J 9<) 9 6 10 9 6 20 28 18 2 4 11 20 6 6 13 20 15 13 13 15 4 6 9 20 16 20 2 30 1 15 4 13 2 10 14 28 27 13 7 8 X 1 14 7 6 24 9 1 27 8 24 13 30 27 30 18 31 3 30 31 2 3 3 3 30 7 7 2 28 9 14 16 14 6 16 14 27 31 6 14 10 7 8 3 3 27 47 31 14 16 21 6 22 16 2 1 20 14 15 3 13 11 15 2 14 27 13 H ig h e s t . S a le P r i c e s 99 109 J a n . 30 2154 4754 J a n . 2 795* 90 Ju ly 20 8 O ct. 18 20 M ar. 13 19 46 N ov . 27 1169* A ug. 11 1115* 19 F eb . 3 1065* 13654 D ec. 27 23 O ct. 20 3254 F eb. 13 360 O ct. 2 15414 1815* D ec. 27 10054 1105* D ec. 10 1054 O ct. 11 205* F eb . 1 82 F eb . 1 6114 16 D ec. 27 4 995* 115 F eb . 11 3434 F eb. 10 1554 11034 F eb. 26 89 98 34 S ept. 10 335* 7834 Ju ne 23 715* M ar. 3 9434 A ug. 19 854 1694 O ct. 29 21 M ar. 23 3034 O ct. 30 1 M ay 20 4 F eb. 1 54 D ec. 6 234 A ug. 13 5 M ay 20 2494 J a n . 29 7 D ec. 27 1494 S ept. 3 834 D ec. 24 36 D ec. 29 655* M ar. 31 7294 F eb . 8 114 120 S e p t.15 1954 O ct. 23 2434 Ju ly 29 9254 9634 A ug. 12 99 7* Ju ne 17 132 34 Ju ly 28 215* 2594 N ov. 12 100 102 N ov . 4 43 M ay 19 6894 D ec. 18 1454 July 20 17 A pr. 22 D ec. 265* Apr 31 34 J a n . 14 2 Ifi 394 S ept. 11 375* D ec. 30 5994 F ep . 10 1065* N ov. 23 115 F eb . 9 10354 12734 Ju n e 11 115 M ar. 31 12434 D ec. 6 28 M ar. 31 4734 D ec. 13 86 June 18 94 D ec. 26 41 M ay 22 11194 Ja n . 5 61 M ar. 3 105 J a n . 6 23 3494 A ug. 11 160 20034 Ja n . 23 14 O ct. 14 21 94 F eb . 9 96 M ay 18 107 F eb . 13 28 4994 F eb . 5 M ay 1454 A pr. 20 2634 Ja n . 13 767* June 19 8434 M ar. 16 3 107 M ar. 1 94 3254 M ar. 29 5634 F eb . 1 7354 D ec. 17 17994 Ja n . 25 5554 M ar. 31 85 J a n . 2 106 Ja n . 19 10994 N ov. 10 195* Ja n . 13 36 D ec. 4 255* N ov. 11 42 F eb. 11 55* 994 J a n . 4 39 M ar. 29 5594 Ja n . 2 99 5* Ju ne 24 109 D ec. 14 50 M ar. 3 9434 A ug. 28 947* M ar. 3 14034 A ug. 28 107 June 28 120 M ar. 2 46 M ar. 29 5934 F eb . 11 109 Jan . 11 118 D ec. 8 A 10954 Jupr. 12 11834 F eb . 10 ne 9 9534 A ug. 14 79 11 1194 D ec. 14 34 M ar. 30 59 J a n . 2 36 O ct. 20 4834 A ug. 19 A 8 1055* Mpr. 11 113 Sept. 9 ay 100 D ec. 9 95 A 27 9254 Mpr. 29 96 Jan . 4 a r. 11354 F eb. 11 225 94 A ug. 9 99 D 8 98 Apr. 13 106 Juec. 22 105 ne Jan . 1135* M ar. 29 12234 D ec .13 30 5694 A ug. 4 51 265* M ar. 30 39J4 D ec. 27 103 105 N ov. 16 605* M ar. 31 93 34 A ug. 23 36 M ay 27 49 Ja n . 4 4154 N ov. 16 7834 J a n . 4 100 N ov. 10 11194 Jan . 19 155* Ju ne 3 2594 Jan . 7 415* M ar. 31 5634 F eb. 4 30 395* N ov. 22 7094 Feb. 3 945* D ec. 9 104 54 D ec. 18 100 F eb. 14 109 Sept. 965* D ec. 16 10934 A ug. 16 3354 M ar. 30 6934 N ov. 15 2 47 5* July 6 6834 N ov. 15 98 A pr. 125 A ug. 17 8 O ct. 30 2134 Ja n . 23 1654 M ar. 31 36 34 D ec. 9 89 A pr. 14 11334 D ec. 14 1085* M ar. 30 11834 Ju ly 22 95: A pr. 15 34 94 D ec. 14 5 Jan . 5 1034 F eb . 1 90 54 M ar. S 95 34 D ec. 16 515* O ct. 25 935* J a n . 4 45 June 18 60 5*Dec. 27 26 O ct. 20 2834 N ov. 15 24 5* D ec. 28 30 S ept. 1 175* D ec. 23 46 J a n . 14 100 N ov. 29 107 M ay 2# 68 M ar. 29 88 D ec. 7 115 119 N ov. 8 175* M ay 27 3534 A ug. 11 475* Jan . 4 63 O ct. 9 40 M ar. 3 4894 Ja n . 8 5054 M ar. 31 71 Ja n . 5 27 Jan . 8 45 S ept. 15 O 4054 Mct. 29 123 34 J a n . 4 ar. 2 2894 J a n . 4 17 195* M ar. 30 34 J a n . 2 15 O ct. 29 2414 F eb . 4 95 D ec. 6 100 F eb . 15 20 754 O ct. 20 1394 F eb . 11 75* O ct. 12 34 F eb. 13 90 M ay 14 104 J a n . 7 80 54 M ar. 31 104 Ja n 5 345* M ay 11 4394 D ec. 20 10854 M ar. 16 115 F eb . 9 ar. 30 2054 M ec. 31 2894 N ov. 10 12 D 2194 F eb . 11 9 5* D ec. 8 26 34 J a n . 22 57 N ov. 9 95 J a n . 27 <1385* M ar. 30 5634 D ec. 15 445* O ct. 20 7134 Ja n . 27 1017* O ct. 26 106 Ja n . 26 33 5* M ar. 30 6434 Ja n . 5 l-3D ec. 15 34 D ec. 13 STOCKS-STOCK EXCHANGE KECOKD Ja n . 1927.] , B. SALES STOCKS Y. STOCK EXCH ANG E .100 Kelsey Wheel Inc______ 100 K eystone T ire &R ub n o p a r " K raft C heese____ __ ..2 5 Kresge (S S) Co n e w ___10 Kress ( S H ) & C o __ . 100 K uppenheim er & C o____.5 Lago Oil & T ran sp o rt.n o p a r L am bert Co ctfs .n o p a r Lehn & P ink ___ ___n o p a r Life Savers. ______ n o p a r Lima Loco W orks, .n o p a r Liggett & M yers Tob pf.100 N ew ______________ I ___25 B new ________ ______ 25 Liquid C arbonic ctfs_.no p a r Boews Inco rpo rated -.no p a r Loft Incorporated- ..n o p a r Loose-Wiles Bis tr ctfs___100 2d preferred__________100 Lorillard (P) pref_______ 100 N ew ____ ____________25 Louisiana O i l . . _____no p a r P referred _____________ 100 Louisv G as & E l A ctfs no p a r Ludlum S te e l_______ n o p a r M cC rory S tores. . .no p a r M cCrory Stores, cl B .n o p a r M cIntyre Por M ines . .5 M ackay C om panies_____100 Preferred______ ______ 100 M ack T ruck In c_____no p a r 1st preferred_________ 100 2d preferred________ 100 M acy__ ____________ n o p a r M agm a C opper. __ no p a r M alllnson(H R)& C o.no p a * P re fe rre d .. . . . 100 M anati Sugar___________100 P referred_____________ 100 M anhattan E l Supp_.no p a r M anhattan Shirt ______ 25 P referred____________ 100 M anila E lectric C orp.no p a r M aracaibo Oil E xpl . n o p a r M arland O il.. _____no p a r M arlln -R o ck w ell____n o p a r M artin P arry C orp. .n o p a r M athieson Alkali W ks.no p a r M ay D ept Stores________ 50 P referred____________100 M aytag C o . _____ . n o p a r M etro-G oldw yn Pic pref 27 M exican Seab’d Oil .n o p a r M iam i C opper . . ..5 M ld -C o n tT P etro le’m .no p a r P referred____ ___10C M iddle States Oil ______ 1C M idland Steel P rod p ref. 100 M iller R ubber ctfs .no p a r M ontana Pow er________ 10C M ontgom ery W ard & C o . 10 Moon M otor C ar ___no p a r M other Lode C oali___no p a r M otion Picture C o rp ..n o p%r M oto-M eter Class A __ M otor Wheel tern ctfs.no p a r M ullins B ody_______ no p a r M unsingw ear__ ___no p a r M urray Rodv c tfs__ no p a r Certificates new ____no p a r N a sh M otors C o_____no par N ational Acme stam p ed . .10 N ational Biscuit ___ .25 P referred. ____ . _ 100 N at Cash Regis A w l . n o p a r N atl Cloak & S u i t . . ___100 Preferred______ ____ .100 N at D airy tem c tf____ n o p a r N ational D ept Stores . n o p a r P referred. _____ ____100 N at D istill Prod v t c.n o p a r Preferred_________ n o p a r N at Enam el & Stam p 100 Preferred_____________100 National Lead________ 100 P referred..... ............... .100 N at Power & L t ctfs_.no p a r N ational Supply__________50 Preferred__ __________100 N a tio n a l Tea G o _____n o p ar b A fter p aym ent of 300% 1. JAN . S in c e Jan. 1. S h a r es . P R IC E S I N P r ic e a b o u t Jan. 2 1926. B id . A sk. 699,300 2,541,500 129 % Sale 30,500 118 119% 7,000 299,630 57% Sale 36,900 194,875 141,100 10% Sale 15,300 132,700 1,352,900 41 % Sale 116,600 1,825,400 45% Sale 3,500 98 300 535,100 62% Sale 57,600 49,300 98% Sale 3,800 10,300 170% Sale 400 950,200 121 Sale 161,900 30,300 26 28% 4,800 700 50 70 100 191,400 24 25 24,100 5,600 116 120 500 69,400 15% Sale 11,200 3,200 113% 113% 100 64,900 1,327,200 48% Sale 12,500 107% 109 1,000 % Sale 19,400 2,200 247,200 39% 41 50,100 12,200 101% 104 500 285,400 18% Sale 20,800 4,800 68% 72 700 11,000 69% 75 1,300 63,200 116 119 8,300 Sale 168,615 2,074,765 55 Sale 109,900 2 10,700 39,300 82 87% 2,200 6,900 98% 102% 37,500 15,800 86,900 1,699,900 800 100 101,600 28% Sale 3,800 4,650 90 97 200 130 525 _____ 30 1,400 25 29% 100 33,100 !157 160 . 9,200 300 1 ___ . 64,700 1,390,700 504,200 33,900 108,600 13 Sale 18,500 278,800 40% Sale 51,200 148,800 38,100 120,600 69% 69% 34,700 12,462 123 125 700 68,900 87 90 4,900 339,600 87 87% 20,900 117,200 17,600 128,200 1,070,100 38% Sale 378,100 7% 7% 25,600 42,600 49 Sale 5,900 103,000 139% Sale 19,200 200 2,400 112 115 2,100 12,300 137 143% 116 12,800 113 Sale 1,400 610,309 35% Sale 30,689 700,800 19% 138,800 8,400 3,100 6,000 139,100 23 Sale 236,900 53 % 54 % 18,700 5,400 1,900 10,700 83,000 116% 117 3,400 108 110 300 22% 72,400 136 Sale 3,100 2,900 13,468 /1 % 138 74 16,800 153% Sale 1,200 262,700 4,515,750 109% 110% 17,500 104% Sale 2,600 200 8,400 4,700 168,400 103 105 4,700 1163^ 1193^ 100 197,700 42% Sale 14,200 138,800 25% Sale 25,500 200 900 23,400 38 43 1,700 14,100 70 % 80 4,200 56 57 700,300 32% Sale 20,200 65,197 6,200 81 606 32 36 30,200 200 277,900 26 % Sale 18,600 453,700 3,678,700 59% Sale 300 300 218,544 495,511 27% 28 9,500 71,900 19% Sale 54,600 1,500 Sale 12,400 229,600 105% Sale 550,100 137% 23,300 400 400 3,000 123 124 300 9 700 0 700 22 181,800 22 Sale 15!800 22% 39,100 11% Sale 1,900 329,400 12% Sale 36,300 19,100 435,100 37 Sale 249,700 1,335,700 94 94% 1,600 14,600 202,600 523,800 1% Sale 31 200 75 300 51,200 128 Sale 3i600 72,500 80 9,400 366,000 112 % Sale 7,400 -------400 3,400 302,600 3,791,500 80% Sale Sale 54,812 581,712 35% Sale 7% 279,300 20% Sale 36,800 23.600 174,800 Sale 14,700 534,600 43% Sale 209,500 30% Sale 11,500 17 3,200 40,500 87 89 % 3,100 200 23,600 38 Sale 1,000 487,200 11% Sale 6,500 16,251 33,751 Sale 832,800 3,067,700 464% Sale 50,800 12% 3,900 54,000 1,090,400 178% Sale 10,600 2 5 % -------1,800 854,500 53% Sale 46,800 146,600 19,900 93 5,400 25,000 89 Sale 80 988,400 42 Sale 74,000 111,200 97 98 27,200 400 7,530 Sale 154,700 31% Sale 13,800 5,700 33,500 73 88,900 39% Sale 1,500 4,710 88 90 167 Sale 51,400 156,400 116% Sale 11,850 1,600 94,800 1,432,400 _____ ____ 271,600 5 5 % 5 7 35,800 106 110% 600 2,400 214 222 1,372 200 2,800 34,500 232 238 stock dividend. S h a r es . In t Tel & Tel . . . TO In D ecem b er. D ec. B id 1. D ec. A s k . B id 31. A sk. DECEM BER. 'f f i R A N G E S IN C E J A N . 1. L o w e s t. H ig h e s t . L o w e s t. H ig h es t. S a le P r i c e s . S a le P r i c e s S a le P r ic e s . S a le P r i c e s . 137% Sale 142% Sale 137 D ec. 123 123% 127% 127% 123% D ec. 61% Sale 63% Sale 61 D ec. 6% 7 6% D ec. 7% Sale 39 Sale 38 Sale 36% D ec. 38% Sale 38% Sale 37 D ec. 103% Sale 104% 103% D ec. 57 Sale 55 Sale 55 D ec. 97 Sale 98% Sale 97 D ec. 161 164 160 164 159 D ec. 116% Sale 126 Sale 116% Dec. 19% 20 19% 20% 20 D ec. 82 86 78 85 85 D ec. 45 Sale 55 Sale 45 D ec. 124% 120 125 124 Dec. 9 D ec. 10% Sale 11% Sale 119 119% 117% 119 119% D ec. 14% Sale 21 21 % 14% Dec. 113 1 14% 113 114% 113 D ec. % % Sale % % D ec. 44% Sale 50% Sale 43% Dec. 106% 110 111 113 110 D ec. 9% Dec. 9% Sale 10 Sale 47 Sale 48 52 45 Dec. 41 48 44% 48 45 D ec. 76% Sale 80% 87 76% Dec. 62% Sale 62 Sale 61% Dec. % Sale % % Dec. % 36% 38% 43 Sale 40 D ec. 80 85 80 85 63 63% 57% Sale 56% D ec. 55% Sale 55 Sale 53% Dec. 112 113 107 113% 113% Dec. 18 19% 20% Sale 18 D ec. 83% 80 D ec. 76 80 81 400 475 495 Sale 485 Dec. 34 Sale 34 40 34 D ec. 173 Sale 180 Sale 172 D ec. 8:G4 100 110 10 1 % I) “C. 20% Sale 20 22 20% D ec. 69% Sale 66% Sale 64 Dec. 6% Sale 7% 7% 6% D ec. 35% Sale 35% Sale 34% Dec. 20% 21 22 Sale 20% D ec. 62 63 64% Sale 62% D ec. 124 128 124 126 125 Dec. 99% Sale 102% Sale 97% Dec. 98% 99 101% Sale 97 Dec. 54% Sale 52% Sale 49% Dec. 44% Sale 47% Sale 44% D ec. 6% Sale 6% Sale 6 D ec. 44 45 41% Sale 41% D ec. 153 Sale 160 Sale 153 D ec. 118 120 119 D ec. 118 150 156 160 175 153% Dec. 117% 119 114 117% 116% D ec. 32 Sale 32% Sale 30% D ec. 14% Sale 17 Sale 14% D ec. 93 95 92% 96 93 D ec. 24% Sale 23% Sale 23% D ec. 24% Sale 27% Sale 23% Dec. 70 77 74 82 76 D ec. 78 79% 75 % Sale 75 Dec. 109 Dec. 109 110 110% 24% Sale 25 25% 24% Dec. 128% 130 126% Sale 126% Dec. 71 72 71 72 71 Dec. 98% Sale 97% Sale 95% D ec. 109% Sale 110 113 109% D ec. 105 108 103 106 105 D ec. 120 123 126 Sale 120% D ec. 116 115 116 36% Sale 35 Sale 35 D ec. 14% Sale 16 Sale 13% Dec. 71 Sale 72 75 71 D ec. 38% 44 38 41 40% Dec. 67 70 75 Sale 66% Dec. 47 49 55 Sale 49 Dec. 25% 26 25 25% 25 D ec. 118% 125 120 Sale 120 Dec. 40 42 38% 40 40 D ec. 18 Sale 18% Sale 18 D ec. 54% Sale 57% Sale 54 D ec. 57 A Dec. 9-16 Dec. 27% Sale 26% 27% 26 D ec. 20% 21% 21% 21% 20% D ec. 85% Sale 82% 83% 81% Dec. 137 Sale 136% 137% 135% D ec. H7 Vo 124 % Sale 1 2 4 ^ 125% Dec. 22% Sale 23% Sale 22% D ec. 25 Sale 24% Sale 24% D ec. 7% Sale 7% Sale 7% D ec. 16% Sale 16% Sale 15% D ec. 30% Sale 35% Sale 30% Dec. 101% Sale 103% 104% 101% Dec. % Sale 1% Sale % D ec. 5 A % 110% Sale n o ' 112 110 Dec. 33% 34 33 36 33 Dec. 83% Sale 82 Sale 81% Dec. 118 117 118 117 65% Sale 67% Sale 65% Dec. 10% Sale 12% Sale 10% D ec. 4% Sale D ec. 4% Sale 13 Sale 13 Sale 10% Dec. 34% Sale 34% Sale 34% Dec. 19% Sale 20% Sale 19% D ec. 8% Sale 10 8% D 90% 9% 90 90% D ec. 'C. 35% 37% 36% 37 35% D ec. 7% 9 5% 7 5% D ec. D ec. 7% 5% 17 7 5% DrtO 55% Sale 69% Sale 55% D ec. 5% 6% 6% Sale 5% D ec. 97% Sale 96% Sale 96 D ec. 129 130% 130 133 129% D ec. 40% Sale 40% Sale 39% D ec. 18% 19% 20% Sale 18% D ec. 58% 61 67% Sale 60 D ec. 69% Sale 70% Sale 69% Dec. 27% 27 % 27 Sale 26% Dec. 90% 91 92 94% 91% D ec. 20% Sale 19% Sale 17 Dec. 43 45 43 46 40% Dec. 25 27 24% 26 24 D ec. 81 85 81 84 155 Sale 167 Sale 155 Dec. 117 Sale 117% 118% 117 D ec. 20% Sale 20% Sale 19% D ec. 84% Sale 82% Sale 80% Dec. 113% 115% 113 117 9:25 D ec. 113% 225 125 i25 Sale 117% D ec. 120 1 158% D ec. 15 112% M ar. 29 158% D ec. 15 2 129 D ec. 27 118 Jan . 5 129 D ec. 27 6 65% D ec. 28 53% M ar. 3 66% F eb. 23 4 O ct. 30 6% N ov. 23 23 7% D ec. 6 6 Sept. 21 12% F eb. 17 4 41% D ec. 15 27 M ar. 30 46% F eb . 16 28 39% D ec. 1 32% M ar. 30 46% Ja n . 5 1 104% D ec. 29 101 % Jan . 29 104% D ec. 29 29 60% D ec. 13 44% A pr. 15 63% A ug. 30 4 100 D ec. 13 89 M ay 7 100 D ec. 13 20 164 D ec. 30 135 M ay 6 175 J a n . 11 1 127% D ec. 24 111 M ar. 3 133 J a n . 2 5 2 23 D ec. 8 18% Ju ly 24 29 J a n . 7 2 85 D ec. 2 50% Feb. 25 85 D ec. 2 1 56% D ec. 23 25 Jan . 4 56% D ec. 23 23 124 Dec. 23 115% Jan . 29 127% N ov . 12 4 11% D ec. 31 9 D ec. 4 19% F eb. 5 11 119% D ec. 10 114 Jan . 8 120 A ug. 9 1 26 Dec. 8 12 N ov. 12 66 Feb. 19 16 114% Dec. 9 107% M ar. 29 115 N ov. 27 % M ar. 4 % Jan . 3 4 % D ec. 4 1 51% D ec. 27 33% M ay 20 51% D ec. 27 7 113 Dec. 22 100 M ay 26 113 D ec. 22 6 12% D ec. 20 9 O ct. 9 21% F eb. 6 1 50% D ec. 27 45 D ec. 1 13% F eb. 5 10 49% D ec. 18 43% Oct. 20 74% F eb. 5 1 92 Dec. 17 76% N ov. 26 126 F eb. 4 6 63% Dec. 15 49% M ar. 30 64% N ov. 16 8 % M ay 21 2% Jan . 2 % D ec. 21 6 46% D ec. 16 39 N ov. 5 82% Ja n . 7 99% J n . 25 21 64% D ec. 2 56% D ec. 21 68 N ov. 15 29 57% Dec. 13 42% M ar. 30 82 * n. 29 7 113% D ec. 7 112% N ov. 22 114% Feb. 26 28 20% D ec. 18 15% M ar. 25 33% Ja n . 14 16 80 D ec. 16 70% M ar. 26 93% F eb. 1 / 495 Dec. 31 485 D ec. 7 545 Ja n . 22 1 34 D ec. 1 29% Ju ne 21 35 F eb. 19 3 196% D ec. 8 146 M ar. 29 196% D ec. 8 28 101 % 2N 101 % D ec. 2S 1 23 D ec. 82 19% M ay 14 24% Ju n e 14 22 70% D ec. 7 39% M ay 7 72 N ov. 5 3 8% Dec. 20 6% D ec. 3 14 J a n . 4 2 39% Dec. 10 30% M ar. 30 41% Ja n . 2 4 25 D ec. 15 17 % M ay 4 25 D ec. 15 4 67% D ec. 15 53% M ar. 31 69% Ja n . 4 23 127% Dec. 9 119% Jan . 18 129% M ay 5 16 103 D ec. 31 72% M ar. 31 103 D ec. 31 15 102% Dec. 28 71 M ar. 24 102% D ec. 28 28 54% D ec. 1 43% O ct. 15 58% N ov. 19 16 48% Dec. 6 34% M ar. 2 48% D ec. 6 2 7% Dec. 6 6 O ct. 8 11% F eb. 10 31 44% Dec. 2 41% D ec. 31 50% F eb . 3 1 177% Dec. 15 88 M ar. 30 177% D ec. 15 10 119% Dec. 10 112 Jan . 19 119% D ec. 10 4 175 D ec. 14 120% M ar. 30 175 D ec. 14 16 118 Dec. 10 111% A pr. 5 120 A ug. 31 20 33% Dec. 31 27% O ct. 25 42% F eb. 3 1 17% Dec. 16 12 M ar. 3 19% Ju ne 21 10 98 Dec. 15 93 D ec. 10 98 D ec. 15 29 24% D ec. 18 22% M ar. 31 26% F eb. 10 29 28 Dec. 9 22% O ct. 25 58% Feb. 4 28 82 D ec. 15 70% O ct. 8 117 F eb . 19 29 86% Dec. 15 72 M ar. 30 121 Ja n . 11 2 110 D ec. 16 105 A pr. 1 n o F eb. 18 6 26 D ec. 17 22% O ct. 14 30 F eb. 16 30 134 D ec. 20 122 O ct. 26 138 F eb. 9 8 71% D ec. 28 68 M ar. 19 73% F eb. 9 22 101% Dec. 16 89% N ov. 4 159 Jan . 4 1 112 D ec. 8 107% N ov. 23 113 Ju ne 3 9 106 D ec. 1 1 102 O ct. 5 108% Sept. 3 6 131 Dec. 22 86% M ar. 29 131 D ec. 22 7 116 D ec. 7 114% Oct. 20 118% 31 36% D ec. 4 34 A pr. 19 44% Feb. 10 13 20 Dec. 21 12% N ov. 1 28% Ja n . 5 1 72% D ec. 21 71 D ec. 1 M ar. 8 22 43% D ec. 13 27 A pr. 14 78% Jan . 28 50% 6 75 Dec. 16 55 Ju n e 4 82 F eb. 1 2 58% D ec. 9 44 O ct. 16 87% Ju ly 19 30 27% D ec. 7 21% O ct. 20 32% Jan . 4 31 120 D ec. 31 113% Ju ne 10 120 D ec. 31 9 41% D ec. 1 1 27% M ar. 20 45% Sept. 14 1 21% Dec. 3 16% O ct. 6 28 F eb. 2 1 58% D ec. 28 63% 3U 5 7 A Dec. 30 49% Mar. 30 5 7 % Ju ne 17 1 i% 3 % O ct. 21 1% 24 30% D ec. 6 24% O ct. 21 33 M ar. 11 11 21% D ec. 14 17 M ay 20 23 Ju ne 25 17 88% D ec. 1 62% M ay 12 106% Jan . 2 29 139% D ec. 3 106% M ay 17 145% O ct. 26 28 70 2S fiQ i/£ D 1C 28 70 23 8 Feb. 2 D ec. 29 126 % Dec. 28 122% D^c 2Q 126 % Doc ‘288 1% 1 1 13 23% D ec. 20 19 M ar. 3 24% S ept. 8 17 25 D ec. 4 22% Jan 28 25% N ov. 24 30 8% D ec. 6 6 F eb. 25 13% Ju ly 23 8 16% D ec. 14 11 M ar. 3 17% O ct. 1 1 35% Dec. 30 27% Ju ly 22 37 Jan . 2 1 104% D ec. 23 90 M ar. 30 104% D ec. 23 6 2 D ec. 20 % N ov. 19 2% Ja n . 8 4 1% 1 Vg 20 4 117 D ec. 13 107 M ar. 30 133% F eb. 23 14 36% D ec. IK 30 M ay 17 44% Feb. 25 24 84 D ec. 1 69% M ar. 26 86% N ov. 11 29 1 1 9 % 23 112% .Ta n . 5 1 1Q3^ 1 72% D ec. 13 56 M ay 19 82' Jan . 2 1 15 D ec. 14 9% N ov. 23 37% Feb. 10 10 4% Dec. 1 4 ov. 19 7% Feb. 8 28 14 Dec. 4 10% N ec. 28 23% Ju ne 3 1 39 D ec. 6 33% D ay IS 53% Feb. 10 M 13 21% D ec. 9 19% N ov. 27 33% Feb. 15 1 11 Dec. 16 8 N ov. 13 19% Feb. 1 14 93 D c. 14 83 Aug. 27 94 % Jul v 19 3 37 D ec. 15 34% A pr. 6 38% Ju ly 6 24 7% D ec. 2 3 M ay 8 15% Feb. 20 6 6% D ec. ‘>/J 5% D ec. 6 11% A ug. 27 2 2 1 1f\l4 i 70% Dec. 23 652 M ar. 24 70% D ec. 23 15 6% D ec. 30 5 N ov. 30 12% Jan . 9 31 102 Dec. 20 74 Jan . 8 102 D ec. 20 29 131 D ec. 9 126 Feb. 17 131% A pr. 28 30 41% Dec. 20 37% O ct. 26 54 Jan . 5 6 26% D ec. 13 18 N ov. 3 57 Jan . 2 4 71 Dec. 13 58% N ov. 19 92% Jan . 8 1 74 D ec. 9 53 A pr. 14 80 Jan . 2 24 31% Dec. 13 24 O ct. 25 42% Jan . 7 16 92% Dec. 20 89% O ct. 15 97 Ja n . 19 22 21% Dec. 7 12% M ay 18 34 Jan . 4 21 45% Dec. 7 37% Aug. 2 73% Jan . 4 29 27 Dec. 4 21% Ju ly 14 40% Jan . 2 76 Ju ly 13 89% 1 180 Dec. 20 138 A pr. 15 180 D ec. 20 1 119 D ec. 23 116 Jan . 16 120 M ay 20 22 21 D ec. 22 16% M ar. 2 38% Jan . 21 28 88 Dec. 10 55% Jan . 4 88 D ec. 10 30 116 Dec. 9.X 104% M ar. 30 116 D ec. 3 3 11237 208 A lar .81 2.47 29 125 D ec. 31 ll6 % N ov. 4 238 Jan . 4 28 STOCKS-STOOK EXCHANGE RECORD SALES STOCKS ® Y. S T O C K E X C H A N G E Par TO In D ecem b er. S h a r es . S in c e Jan. 1. S h a r es . 627,300 351,700 890,200 53,900 88,700 12,000 5,430 400 38,000 2,323,900 56,100 30,600 188,900 21,100 90,000 2,400 ' 686,800 7,800 67,200 151.100 122,320 4,000 182,050 4,200 299,200 6,800 33,300 9,400 264,950 1,400 63,948 2,262,200 1,800 498 1,410,600 601,900 204,060 3,061,740 439,800 788,910 19,100 89,100 141,100 723,016 58,700 175.200 66,100 3,900 1,300 37,450 714,300 127,450 45,981 561,900 13,70( 300 980,900 4,90r 6,600 371,40u 4,088,700 62,100 3,400 2,204,020 417,600 203,400 24,400 453,400 96,800 26,300 8,700 32,100 5,300 103,950 17,946 2,015,400 47,700 21,700 244,300 24,400 12,500 1,164,900 265,200 22,100 5,500 28,000 7,200 1,276,675 249,800 766,770 8,740 16,510 11,400 2,200 3,844,100 60,000 3,180 681,900 118,600 500 57,500 3,600 131,400 2,200 488,900 3,600 7,200 289,000 517,700 23,1 10 134,600 727,200 35,700 255,895 232,700 208,200 365,900 889,290 6,100 71,000 1,086,500 85,350 135,310 22,850 1,581,700 26,240 800 289,600 1,037,000 515,600 3,600 2,662,450 37,800 1,921,100 259,580 3,600 407,209 2,900 45,800 P R IC E S I N P rice abou t Jan. 2 1926. B id . A sk. 13 Sale 36% Sale 79% Sale 36 37 73 78 101 "28% Sale 65 49% 95% 12 % 16% 33% 104 Sale Sale Sale Sale Sale Sale 105 35 49% 29 100 127% 103% 40 Sale 29% 102 Sale 106 11% Sale 51% 52 1 0 0 % 101 63% Sale 115 117 129% 129% 75% Sale 41% 26 76% 77% 46 5% 55 27% 77 18% Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale ' 105% 14% 16 2 2% 119 Sale 68% Sale 47% 48% 45% Sale 45 46 53 59 46% Sale 35 36% 98 99% 36% Sale 94 Sale 1 % Sale 26 Sale 5% Sale 40% Sale 83 84 97% Sale 59 60 85 88 15% Sale 53 63 106% Sale 91 Sale 17% Sale 34 38 103% 105 80 Sale 115 116 97% 98% 106% 107 167% Sale 39 Sale 30% Sale 106% 107 43% Sale 45 46 33% 34% 12 % Sale 55% 98 17 78 116% 108% 108 15% 59% 92% 9% 94% 90 56% 45% 48% 90% 131 113% 13% 9% 69 48% 27% 102% 53% 28% 54 107 24 92 32% 136 103 108% 106 58 100 Sale 88 Sale Sale Sale Sale Sale Sale Sale Sale 94% Sale Sale Sale Sale Sale Sale Sale 9% 70 49% Sale 105 Sale Sale Sale 110 Sale 94 Sale Sale 105 Sale 114% D ec B id . . 1. D ec A s k . B id 15% Sale 42% Sale 21% Sale 76 79% 33% 35 70 72 106 28% 28% 48% Sale 51% Sale 96% Sale 4% 4% 15 16 31 32 108% 109 15% Sale 89 90 36 Sale 58% Sale 32% Sale 104 105 124 Sale 107% 108 8% Sale 67% 70 51 . 52 104% 106 82% Sale •D 129% 129% 1% Sale 133 142 34% Sale 10 Sale 62% Sale 62% Sale 32 Sale 16% Sale 72 Sale 25% Sale 6% 6% 34 Sale 23% Sale 23% Sale 38% Sale 99 Sale 104% 12% 15 % Sale 125 125% 82 86 49% 49% ;-<x ___ 42% Sale 42 43% 47% 50 36% Sale 55% Sale 44% Sale 101% 22% Sale 109 Sale % Sale 17 19 3% Sale 33 35 72 Sale 99 100% 40 Sale 80 86 16% 79% Sale 98 Sale 43% Sale 80 84 16% Sale 38% Sale 123% 124: Vs 33% Sale 109% 109% 99% 99% 102% 103% 113% 186% Sale 44% Sale 26% Sale 110 % 112 47% Sale 43% Sale Sale 101 56% Sale 51% 52% 36% Sale 16% Sale 39% Sale 95 98 42% Sale 97 Sale Sale 8 75 85 114 Sale 113% 118% 114 111 9% Sale 55% Sale 95% 96% 4% Sale 118 Sale 79 81 48% Sale 42 Sale 52% Sale 68% Sale 47% Sale 114% 118% 13% Sale 53 Sale 3% Sale 62% Sale 43% Sale 30% Sale 107% Sale 104% 60% Sale 18% Sale 34% Sale 106 107% 17% Sale 96 Sale 34% Sale 124 128 107 Sale 156% Sale 120 125 5% Sale 31. A sk. 14% Sale 42% Sale 22 Sale 70% Sale 34% 36 76 79 105 *' 28 29 46% Sale 51 51% 96% Sale 4% Sale 12% 13% 33% Sale 108% 109 13% Sale 88 90 35% 36% 59% 60% 30 % 31% 103% 128 Sale 108% 111% 8 Sale 66 Sale 55% Sale 108 78 Sale I •! % I i 7 128 131 1% Sale DECEM BER. R A N G E S IN C E J A N . L o w e s t. H ig h e s t . S a le P r ic e s . S a le P r ic e s 14% 42% 20% 70% 33 71 104% 28% 45% 50% 96 4% 12% 30% 108% 12% 89 35% 57% 30% 104 124 108 8 65% 50 105 77 116 129% 1% 106 34 9% 62% 62 32 14 72 22 5% 34 21% 22 38 99 103 11 % 125 82 49% 34% 41 % 41 % 45 36% 54% 42% 101 21% 103% % 14% 3 33 72 100 40 D ec. D ec. D ec. Dec. D ec. Dec. D ec. Dec. D ec. Dec. D ec. D ec. D ec. D ec. Dec. D ec. Dec. Dec. Dec. Dec. D ec. D ec. D ec. D ec. Dec. Dec. Dec. D ec. D o. Dec. D ec. 36% Sale Dec. Dec. 11% Sale 63% Sale D ec. 64 Sale D ec. 36% Sale D ec. 14% Sale D ec. 68% 75 Dec. 22 24 Dec. 5% 6 D ec. 40% Sale Dec. 27% 28 D ec. 21% 22% D ec. 38% Sale D ec. 99% Sale D ec. 103% 13 D ec. 11 D ec. % Sale 129% Sale D ec. Dec. 85 87 D ec. 3«% Sale D «. 47 Sale Dec. 46% 48 D ec. 47 56 D ec. 38 Sale Dec. 55% Sale Dec. 42 44 Dec. 104% Dec. 22% Sale Dec. 103% Sale Dec. Sale Dec. % Sale Dec. 15 3% Sale Dec. 37% Sale Dec. 73 Sale D ec. 100 Sale D ec. 40 44 D ec. 80 86 85 89% 79 Dec. 99 Sale 97% Dec. 40% 41 40% Dec. 77 % 80 77% D ec. 17% Sale 16% Dec. 36% 39 37 D ec. 123% 1 2 5 V s i124 D ec. 32% Sale 32 Dec. 108% 110 108% Dec. 99% 1 0 0 % 99 Dec. 102% Sale 101 % Dec. 113% Sale 113% Dec. 188 Sale 183 Dec. 45% Sale 44% Dec. 27% Sale 26% Dec. 111 113 110% Dec. 47 47% 47 Dec. 42 Sale 41% Dec. 101 % 105 Dec. 53% Sale 101 Dec. 52% 52 Sale 51% Dec. 38% 40 36% Dec. 15% 16 15% Dec. 45 Sale 39% Dec. 93% 99 93% Dec. 38% 40 39% Dec. 98 99% 96 Dec. Dec. 8 % Sale 8 75 80 74% Dec. 117% Sale 111 % Dec. 114% Dec. 1 1 1 % 114 111 114 114 Dec. 9% Dec. 11 % Sale 57% Sale 55 Dec. 96% Sale 95% Dec. 4% Sale 4% Dec. Dec. 120% Sale 115 77 80 76% Dec. 52% Sale 48% Dec. 41% Sale 40 Dec. 52% Sale 51% Dec. 71 72 68 % Dec. 50 Sale 47 Dec, 118 120 116% Dec. 13% 13% 13% Dec. 54 Sale 53 Dec. 2 % Sale 2 % Dec, 59 Sale 58% Dec, 44% 45% 43 Dec 29 Sale 28% Dec. 108 Sale 107% Dec 107 105% Dec, 58 Sale 57% Dec. 2 0 % Sale 18% Dec, 34 Sale 32 Dec 107% 109% 107% Dec, 19% Sale 17% Dec 95 98% 96 Dec 35% Sale 33% Dec 127 Sale 125 ' Dec 104 107 107 Dec 164% Sale 146% Dec 118 125 120 Dec 5% Dec cr O Sr o 94,000 N evada Consol C opper____5 23,200 N Y Air B rake______ no p a r 18,700 New Y ork C anners___n o p a r 1,200 P re fe rre d __________ n o p a r 13,600 Vew York D ock_________ 100 2,400 P referred______________100 100 N Y Steam 1st p re f___n o p a r Preferred (6)_______ n o p a r 400 3,500 Nlag Falls Pw P fd, n e w ..25 N orth A m er’n when iss___10 108,300 4,600 P referred_______________50 2,100 N orth Amer Edison pf.n o p a r 12,300 N orw alk T & R u b __________ 2,100 N unnally Co (T he)___n o p a r Oil Well S upply__________ 25 4,300 P referred ______________100 200 Omnibus C orp________n o p a r 38,500 600 P referred ______________100 Onyx H osiery_______ n o p a r 4,000 6,600 O ppen’m . Coll & O o . n o p a r 11,920 Orpheum C ircuit In c ______ 1 P referred_______________10 400 Otis E lev ato r____________ 50 47,000 500 P referred______________100 Otis Steel ^ _________n o p a r 17,700 1,200 Prior preferred______ .100 O utlet C o ___________ n o p a r 10,300 1,200 P refe rre d _____________100 Owens B ottle____________ 25 35,600 P referred______________100 100 5,900 Pacific Gas & E lectric___100 Pacific O il___________ n o p a r 84,400 Pacific T eleph & Teleg-.lO O 198 P referred______________100 P ack ard ___ ______________ 10 128,300 Paige D et M ot C ar . . n o p a r 37,100 Pan-Am er P et & T r______ 50 11,400 Class B stock__________ 50 369,200 Pan-Am W est P B ___n o p a r 58,100 Panhan P rod & R ef. .n o p a r 25,300 Panhandle P & R , p re f .. 100 400 Park & T ilford______ n o p a r 13,900 P ark U tah Cons M ines____1 5,900 P athe Exchange “ A ” __ _____ 82,815 Peerless M oto r___________ 50 37,900 Penick & Ford ____ n o p a r 15,600 Penn-Dixie C em ent___n o p a r 45,700 3,000 P referred______________100 Penney (J C) pref______ 100 100 Penn Coal & C oke_______ 50 800 Penn-Seab St v t c ____n o p a r 31,800 People's G as L & C o k e ..100 16,800 R ig h ts _____ _______ 2,100 Philadelphia Co ( P it t s ) ...50 Philadelphia Co pref_____50 400 100 5% preferred___________50 Phila & Read C & I ..n o p a r 148,800 800 C ertificates________ n o p a r Phillips Jones C o rp .. .no p a r 4,700 Philip M orris & C o______ 10 63,300 Phillips P etroleum ___n o p a r 506,300 Phoenix H osiery___________ 5 4,900 400 P referred_____________ 100 Pierce-Arrow M ot O . . n o p a r 109,200 Preferred______________100 12,100 Pierce Oil C orp___________ 25 31,500 P referred______________100 6,000 Pierce P etroleum _____ n o p a r 70,400 Pittsburgh Coal (of P a ) .. 100 10,900 6,000 P referred______________100 1,300 Pittsburgh Steel p ref____100 1,000 P itts T erm C oal Receipts.100 P referred ______________100 Pittsburgh U tilities, p re f..10 Porto Rico Am T o b _____100 8,500 Postum Cereal N ew . . n o p a r 126,200 Pressed Steel C ar new -.1 0 0 4,900 300 P referred _____________ 100 21,300 Producers & R ef C orp____50 2,000 Preferred_______________50 600 Pub Serv C orp of N J p f.1 00 C om ________________n o p a r 71,000 N e w ______________ n o p a r 7 % _________ ..1 0 0 2,000 80C 6% preferred__________ 100 3,000 Pub Serv E & G , p ref___100 200 Pub Serv Elec Pow . p f___ICO Pullm an C om pany______ 100 180,50f 41,100 P un ta Alegre Sugar______ 50 Pore O il.n _______________ 25 83,400 8 preferred ..1 0 0 i 50C 5,010 P u rity B akeries class A ___25 3,700 Class B ____________ n o p a r 1,400 P r e f e rr e d ____________ 100 Radio C orp of A m er . . n o p a r 346,300 P referred_______________50 4,700 500 Rand M ines_________ Ray Consol Copper ____10 4,600 63,80f R eal Silk H osiery tem p ___10 200 Preferred tem p ________100 2,300 Reid ice C ream _____ n o p a r 500 P referred _____________ 100 12,000 Reis (Robt) & C o____ n o p a r 100 1st preferred__________ 100 29,700 R em ington T ypew riter..1 0 0 100 1st preferred__________100 200 2d preferred__________ 100 93,300 Replogle Steel_______ no p a r 16,000 Republic Iron & Steel___100 2,710 P referred______________100 12,700 Reynolds Spring C o. . n o p a r 64,000 Reynolds (R J) Tob Cl B .25 1,600 Rossia Insurance_________25 14,900 Royal D utch Co N Y shs.100 16,400 St Joseph L ead___________ 10 7,300 Safety C able-------------5,800 Savage Arm s C orp______ 100 Schulte R etail S tores.no p a r 120,800 200 P referred______________100 2,600 109,500 28,350 Seneca C opper new _.no p a r 8,100 ShattuckG (F ) ______ n o p a r 4,200 Shell T ransport & T ra d . .£2 85.100 Shell Union O il______ n o p a r 2,900 200 Sherwin W illiam s p ref___ 100 21.400 Shubert T h eatre_____n o p a r Simms Petroleum _________10 116.500 23,000 Simmons C o_________ n o p a r 400 P referred_____________ 100 Sinclair Con Oil C orp.no p a r 208,950 2,200 P referred_____________ 100 Skelly Oil C o_____________ 25 109,100 11,500 Sloss-Sheffield S t’l & I . . 100 100 P referred_____________ 100 64,800 So Porto Rico Sugar____ 100 200 P referred_____________ 100 2,100 R i g h t s ________________ 1. JAN . [Vcl .124. L o w e s t. S a le P r i c e s 1. H ig h e s t . S a le P r i c e s . 28 16% D ec. 4 11% June 16% N ov. 6 31 44% D ec. 7 36% Jan . 46 % S ept. 7 17 23% D ec. 3 20% N ov. 84% J a n . 29 31 78 D ec. 7 70% D ec. 85 A pr. 29 15 37% D ec. 24 32 O ct. 45% F eb . 5 9 104% llfin 30 69 M ay 77 D ec. 30 77 D ec. 20 20 99% A pr. 105% O ct. 16 2 2 M2 Vo Dec. 2 ' 92 % D >c. 92% D ec. 22 3 29% D ec. 29 27% M ar. 29% D ec. 29 24 49% D ec. 4 42 M ar. 67 Ja n . 14 29 51% Dec. 4 49 Jan. 52% A ug. 31 9 97 Dec. 22 91 % M ar. 97 D ec. 22 3 5% D ec. 4 4% Oct. 15% Jan . 14 20 15% D ec. 4 12% D ec. 17% Jan . 11 18 34 D ec. 23 30 Ju ly 36% O ct. 19 28 109 D ec. 9 104% A pr. 109 O ct. 13 28 16% D ec. 2 12 Oct. 22% F eb . 23 3 91 D ec. 6 88 Ju ly 98% F eb. 4 30 36 D ec. 4 31 % Feb. 45% Ju n e 29 11 62 D ec. 20 47 Jan. 63 % S ept. 29 29 32% D ec. 1 27% M ar. 33% N ov. 29 7 105 D ec. 13 101 Jan . 105 A pr. 21 1 126 D ec. 13 106 M ay 116 D ec. 13 4 109% D ec. 22 102% Jan. 109% A ug. 30 4 8% D ec. 17 8 Oct. 14% Jan . 19 31 70 D ec. 4 63 N ov. 74 S ept. 22 7 55% D ec. 31 44 M ay 55% D ec. 31 8 107% D ec. 30 97% A pr. 107% D ec. 30 16 90% D ec. 14 53% M ar. 90% D ec. 14 2 1 116 Dec. 211 112 Afar. 117 Ju n e 14 6 131 Dec. 8 118 M ar. 133% SeDt. 21 4 2% D ec. 14 n l M ay 83% F eb . 13 117 Jan. 135 S ept. 24 9 107 91 101% June 107 D oc. 21 1 38 Dec. 14 31% M ar. 45% Ju ly 7 4 13% D ec. 15 9 N ov. 28% Jan . 4 1 68% D ec. 28 56% M ar. 76% Jan . 2 1 69 Dec. 28 56% M ar. 78% Jan. 4 1 40% D ec. 16 30 Oct. 46 Jan 2 28 16% D ec. 1 4% Jan . 32 Ju ne 17 1 75 Dec. 10 51 Jan . 99% Ju ne 16 14 25% D ec. 1 18% Oct. 28% Ja n . 4 20 6% D ec. 2 5% Sept. 8% F eb . 6 1 47 D ec. 16 32% N ov. 83 Jan . 7 29 30% D ec. 20 2 i% D ec. 31% N ov. 5 11 24 Dec. 1 16X8 Jan. 24 D ec. 1 8 41 D ec. 17 38 D ec. 41 D ec. 17 1 99% Sec. 22 99 N ov. 100% N ov . 29 27 i on 97 103 D 107% Sept. 14 27 13 Dec. 13 7 Aug. 19 O ct. 26 Oct. 4 D ec. 2% Ja n . 4 % D ec. 4 117 / Jan . 3 131 131 D ec. 8 8 2 Oct. 2 % S ept. 9 2 91 Dec. 13 59% M ar. 91 D ec. 13 6 50 Dec. 7 45 Oct. 51% Ju ly 7 3 i :s<>% Dec. 31 36 Jan . 39 % D ec. 31 8 47% D ec. 31 36% A pr. 48% Feb 13 17 44 Dec. 28 36% Ju ne 46% Jan . 11 11 51 D ec. 15 45 D ec 55% Jan . 29 A pr. 1 41 D ec. 6 41 D ec. 6 Mar. 6 57% D ec. 13 57% D ec. 13 M ar. 30 45% D ec. 10 46% N ov. 29 M ar. 103 O ct. 28 10 103 D ec. 27 May 28 25% Dec. 13 43% Ja n . 9 31 110% Dec. 2 76% A pr. 127% A ug. 19 % Oct. 9 % D ec. 1 11% N ov. 1% Jan . 30 30 18% D ec. 15 27% Ja n . 30 10 3% Dec. 1 2% A ug. 7 Jan . 30 7 38% Dec. 10 29 June 42% Jan . 6 4 79% D ec. 10 70 June 85 J a n . 5 6 D ec. 29 94 M ar. 1 0 0 % D ec. 29 63% Jan . 9 1 43 D ec. 22 39 Oct. 80% Oct. 92% F eb. 5 14% M ar. 2 0 % M ay 21 93% D ec. 23 1 93% D ec. 23 60 Jan. 4 104% D ec. 20 75% M ar. 124% F eb . 3 30 43% D ec. 6 34% M ay 44 N ov. 27 30 80% D ec. 4 77% D ec. 95% Jan . 7 1 20 D ec. 2 11 M ar. 20 % O ct. 29 29 39 Dec. 6 30% M ay 41% O ct. 29 21 124% D ec. 10 115 M ar. 124% N ov . 17 72 M ar. 97% S ept. 15 33% N ov. 29 20 33% D ec. 1 31% O ct. 15 109% Dec. 23 103% Jan . 110 N ov. 13 O ct. 1 101 1 100% D ec. 9 96% A pr. 104% Sept. 27 21 103% D ec. 6 97 Jan . 114 A ug. 5 31 114 D ec. 9 106 Jan. 28 193% D ec. 18 145% M ar. 199% Sept. 16 49% D ec. 13 28, 49% D ec. 13 33 A pr. 31 Jan . 4 l! 28% D ec. 16 25% O ct. 1 1 2 % .Tune 25 13 112% D ec. 23, 106 A pr. 18 48% D ec. 6 47 O ct. 29 49% N ov 3 44 D ec. 1 22 44 D ec. 1 41% N ov. 103 D ec. 24 1 103 D ec. 24] 99 O ct. 60% D ec. 20; 32 Mar. 61% N ov. 19 51% D ec. 20 53% D ec. 20 44% M ar. 41% O ct. 1 39% D ec. 20 32% Apr. 16% D ec. 4) 10% M ar. 16% N ov. 8 46% D ec. 24 37% N ov. 50% O ct. 5 95 D ec. 9 93% D ec. 100 N ov. 23 42% D ec. 1 39% D ec. 56 Ja n . 4 98% D ec. 13 95% M ar. 100 Ja n . 4 7% July 18% F eb . 23 10 % D ec. 13 85 Ju ly 28 — 74% D ec. 29 74% D c . 127 Feb. 3 29 117% D ec. 311 83% Apr. 23 114% D ec. 23 106 A pr. 118 O ct. 1 23 114 D ec. 23 105 A pr. 115% A ug. 27 8 Oct. 15% Ja n . 4 1 2 % D ec. 10 58% D ec. 171 44 M ay 63% Ja n . 7 99 S ept. 15 98% D ec. 14 91 % M ar. 5% D ec. 7| 4% Oct. 10 % Ja n . 5 M ar. 121% N o v .19 121% D ec. 28 90 81 D ec. 6 76% D ec. 100 Jan . 20 53 D ec. 27 47% Oct. 57% J a n . 9 48% F eb. 10 42% D ec. 3 36% M ay 55% N ov. 10 54 D ec. 30 42% M ar. 72 D ec. 2 67% N ov. 102% F eb. 10 51% D ec. 30 a42% M ar. 138% Ja n . 23 120 S ept. 9 118% D ec. 13 112% Jan. 14% M ar. 12 13% D ec. 7 12% M ar. 58% S ept. 7 56% D ec. 13 44% M ar. 3% D ec. 1 2% D ;c. 10 % Jan . 4 D ec. 6 47 M ar. 69% Jan . 4 48% Jan . 4 45 D ec. 27 40% July 30% D ec. 10 24 M ar. 31 N ov. 23 109 D ec. 7 103 M ar. 114 Ju ly 2 106% D ec. 29 105% Sept. 108 A pr. 9 70% Ju ly 28 61 D ec. 7 52 M ar. 28% Jan . 2 2 0 % D ec. 1 15% Aug. 54% Jan . 4 34% D ec. 1 28% O ct. 108% D ec. 29 105% N ov. 109% Ju ly 2 24% F eb. 23 20 % D ec. 20 16% O ct. Ju n e 24 98% D ec. 20 90 M ar. n 28 35% D ec. 16 26% M ar. §?s Ju u e .10 133 D ec. 17 103 A pr. 142% A g 110 Ju n e 29 107 D ec. 1 100% Jan . 169% D ec. 14 92 A pr. 169% D ec. 14 121 D ec. 24 D ec. 24 110 Oct. 121 5% D ec. 1 5% D ec. 1 1 % O ct. J a n ., SALES STOCKS a 39 STOCKS—STOCK EXCHANGE RECORD 1927.] 7 . S TO CK E X C H A N G E In TO December. .J A N . Since J a n . 1. PRICES I N DECEM BER. 1. Jan. 2 1926. Dec . 1 . Ask. Bid 3154 4334 2034 103 105 _____ 1134 8234 76 Sale 2134 103 10234 56 Sale 5434 56 Sale 71 85 87 5734 Sale 3834 Sale 11534 234. Dec 31. Ask. Bid Sale 3154 Sale 44 Sale 1954 103 1334 1034 8034 75 Safe 22 106 105 Sale 5534 Sale 57 Sale 7034 87 8534 Sale 5834 Sale 3854 Sale 11554 Sale 2 54. 3:< 5 3 34 Sale 9134 Sale 6434 Sale 4734 12034 11934 Sale 5434 Safe 234 Sale 3134 Sale 454 25 25 13 34 1254 Sale 5 34 Saie 1334 1234 1234 Sale 11 Lowest. RAN G E SIN CE J A N . 1. Highest, Lowest. Sale Prices 3154 D ec. 31 4534 D e c. 27 D ec. 10 22 103U D ec 9 6 D ec 14 78 D ec. 21 D ec. 9 24 10734 D ec. 24 D ec. 16 58 D ec. 15 57 D ec. 16 74 D ec. 14 88 5934 D ec. 21 3954 D ec. 27 11554 D ec. 31 2V , D ec. 2 1 3314 434 D ec. 11 9554 D ec. 2 6834 D ec. 15 56 D ec. 1 12034 D ec. 15 5654 D ec. 8 334 D ec. 9 3234 D ec. 1 534 D e c. 11 2734 D ec. 17 1454 D ec. 11 634 D ec. 27 D ec. 29 14 D ec. 2 12 1134 D ec. 13 H ig h e st. Sale Prices Sale Prices 32,900 30 D e c. 22 33 July 19 Sou California E d ison ___ 18,700 41 Oct. 27 5534 July 17 Southern Dairies cl A .n o par 98,675 Class B ___._________ no par 1734 O ct. 20 35 34 M a r. 11 100 101 Jan. 13 10534 June 11 Spalding 1st pref________ 100 101 900 10 D ec. 2 17 34 F eb. 19 Spear & C o ___________ no par 15 200 72 A pr. 30 8234 Jan. 13 Preferred______________ 100 8134 34,000 1834 A p r. 19 3134 F eb. 5 Spicer M fg C o ________no par 27 34 600 101 Jan. 12 10734 D e c . 24 96 Preferred______________ 100 71.300 51 M ar. 2 69 55 54 F eb. 8 Standard Gas & E le c.n o par 10.300 53 34 M ar. 30 57 54 F eb. 9 Preferred___ ___________ 50 5354 3.600 85 6734 O ct. 20 9234 F eb. 4 Standard M illing________ 100 80 M ar. 2 90 600 F eb . 5 Preferred______________ 100 85 102,100 5254 M a y 14 63 34 Sept. 8 Stand’d O ilof Calif newno par 370,000 3734 D ec. 10 4634 Jan. 2 4654 Standard Oil o f N J ______ 25 336,887 11634 64.300 115 N o v . 29 11934 M a y 18 Preferred______________ 100 4,137,07 R ig h ts ____________________ 2,330,467 134 N o v . 19 234 N o v 17 136,200 33 34 D ec. 10 Standard Oil o f N Y _____ 25 32 34 D 4,800 7 Sale 334 N o v . 15 1034 Feb. 10 Stand Plate Glass ctfs.n o par 434 5,300 s Sale 75 M ar. 27 9634 N o v . 29 Sterling P rodu cts____ no par 9434 o i 54 Sale 39,400 61 N o v . 4 9234 Jan. 2 8tewart W arn C orp _.n o par 6634 15,500 4734 D e c. 31 77 34 Jan. 4 Stromberg C arburet_.no par 74 54 7834 56 500 120 124 Studebaker C orp, pref___100 11834 11434 Feb. 23 12234 June 23 237,500 47 M a y 18 62 N e w _______________ no par 5734 Sale 5334 Sept. 15 128,600 2 Submar Boat C orp___no par 334 Sale 134 July 27 3 34 F eb. 1 6,400 32 Sun Oil_______________ no par 3034 M a r. 30 41 54 Jan, 4 4034 41 184,900 1 July 29 Superior Oil__________ no par 334 Sale 534 D e c. 11 434 800 24 24 28 Superior Steel______________ 1934 A pr. 12 3434 Sept. 7 4,200 13 1434 Sweets C o o f America new 50 834 A pr. 13 1754 Sept. 13 1254 104,500 13,800 5 1354 Sale Symington tem p ctfs.n o par 4 N o v . 8 1434 Jan. 4 4.600 Class A _____________no par 2034 Sale 1234 1034 O ct. 20 2034 F eb. 4 700 12 11 A p r. 5 1434 Jan. 19 Telautogr C orn ctfs_ .n o par 1334 14 16.300 1 4 ^ Sale 11 Tenn C op & C hem ___no par 1034 D e c. 10 16 F eb. 5 34,600 48 M ar. 30 58 Texas C om pany (T h e)_ 25 _ 5454 Sale A u g. 31 Sale 168,300 Sale 55 57 55 D ec. 1 58 D ec. 15 5334 N o v . 22 58 N ew ____________________ 25 D e c. 15 Sale 63,300 55 D ec. 1 57 54 D ec. 16 5034 O ct. 20 5734 D e c. 16 55 Certificates_____________ 25 5654 Sale 305.400 Texas Gu Sulph new _.n o par O ct. 25 5254 N o v . 29 5154 Sale 4954 Sale 4654 D ec. 20 5154 D ec. 1 39 49,100 Tex Pacific Coal & O il____10 1454 D ec. 11 1554 D ec. 16 12 O ct. 20 1934 Jan. 7 1754 Sale 1454 Sale 1434 Sale 1,568 1200 Sale 1900 1950 110 0 D ec. 3 2040 D ec. 23 510 600 650 M a r. 19 2040 D e c. 23 Texas Pacific Land Tr__100 101.400 2.300 D ec. 6 47 34 D ec. 9 42 34 M a y 7 5034 Sept. 16 Thom pson (J R ) __________ 25 4634 4654 4734 47 V, 47 486.300 3534 Safe 4,600 27 * 28 27 2734 Sale D ec. 20 ‘M V D ec. 4 27 Tidewater Oil N ew ___no par N o v . 29 3934 Jan. 25 83,700 9934 Sale 6.300 88 34 D ec. 30 90 Preferred______________ 100 D ec. 4 87 34 N o v . 4 103 8934 Sale 88 34 Sale Jan. 25 150.400 1.709.600 5434 Sale 80 Sale Timken Roller B o a r ..n o par 7934 Sale 7834 D ec. 1 8454 D ec. 23 4434 M a r. 3 8554 N o v . 16 129,700 Sale 10834 Sale 107 1.810.900 9654 Sale 109 D ec. 28 11154 D ec. 10 9534 A p r. 12 11654 Sept. 22 Tobacco Prod C orp _____ 100 Sale 115 6,500 152.700 107 Sale 114 D ec. 10 103 M a r. 3 11854 Sept. 21 Tem p ctfs Class A ____ 100 D ec. 1 116 10834 114 1.823.900 179,800 Transcon Oil ctfs_____ no par D ec. 27 3 M a r. 4 5 434 Sale 334 Sale 354 D ec. 6 454 Sale 534 July 9 700 7.700 2534 27 15 16 15 D ec. 13 16 D ec. 13 15 Tran & Williams Steel.no par 1534 Sale A u g. 28 27 Jan. 28 145.500 5634 Sale 7,700 45 D ec. 30 4854 Dec. 13 43 34 N o v . 12 6354 Jan. 7 Underwood Typ ew riter___25 47 34 Sale 4534 Sale 1,100 121 100 123 115 126 120 D ec. 22 120 D ec. 22 11534 Sept. 30 123 Preferred______________ J00 12034 120 Jan. 29 Sale 44 400.700 66 21,900 Sale 41 D ec. 29 4554 D ec. 3 35 Union Bag & Paper_____ 100 43 34 Sale M a y 21 7134 Jan. _ 5 784,885 103,200 9554 Sale 10054 Sale Union Carbide & C a r.n o par 9354 D ec. 16 10054 D ec. 31 7734 M a r. 29 10054 D e c . 31 2.115.200 4154 Sale 176,600 5254 D ec. 9 5734 D ec. 29 3734 Jan. 20 5854 Sept. 23 56 Sale 5334 Sale Union Oil, California_____25 6,200 Sale 92,845 92 92 Union Tank C ar_________ 100 95 11434 Sale 11434 D ec. 1 11934 D ec. 4 8434 M a r. 31 12054 O ct. 1 94 300 31 9534 300 N ew ___________________ 100 28 93 D ec. 31 9534 D ec. 28 12.500 115 116 Preferred______________ 100 July 12 11334 M a y 22 118 70,600 1.115.200 9334 Sale 97 Sale United Cigar Stores______25 9434 D ec. 17 10134 D ec. 8 8334 F eb. 4 10954 A u g. 17 9534 Sale 5.100 115 . . - . 123 125 Preferred______________ 100 12534 123 11434 M a r. 4 125 June 30 47.300 Sale 16134 D ec. 1 174 525,900 15734 Sale United D rug_____________100 D ec. 24 134 M a r. 30 174 16134 Sale 167 D e c. 24 Sale 6,100 58 30.000 5534 56 58 D ec. 6 59 D ec. 29 5534 M a r. 5 59 5834 Sale 1st preferred___________ 50 July 8 100 7 2.100 12 13 6 10 654 D ec. 8 United D y ew ood ________ 100 654 654 D ec. 8 6 S e p t .10 12 Jan. 11 610 _____ 5934 20 300 54 25 50 Preferred______________ 100 Jan. 29 4954 D ec. 20 4954 Dec. 20 49 34 D ec. 20 58 15.600 126,100 Sale 117 United Fruit, n e w ___no par D ec. 30 12334 Dec. 1 98 12334 Sale 119 A pr. 15 126 N o v . 26 20.000 3134 3254 800 17 D ec. 30 18 D ec. 16 17 D ec. 30 3834 M a r. 2 1734 2 1 United Paperboard C o ...100 1734 17 600 95 6,600 93 97 Universal Pic, 1st ret___100 9634 9634 9834 100 D ec. 4 9834 D ec. 17 90 M a r. 8 98 34 D e c. 17 Sale 1.559.600 28 424,500 3234 Sale Universal P ip e________no par 2734 Sale 2654 D ec. 4 3434 D ec. 30 13 54 M a r. 31 3434 D e c. 30 83 Safe 47,800 Sale 180,000 77 83 M a r. 30 90 34 D e c. 30 Preferred______________ 100 D ec. 1 9034 D ec. 30 52 8834 90 981.400 20754 Sale 175,900 U 8 Cast Iron Pipe & F ...100 21534 Sale 22834 Sale 21534 D ec. 1 23854 D ec. 27 150 M a y 19 24834 A u g. 3 4.800 106 107 27.100 10034 10 1 106 Preferred______________ 100 D ec. 22 10034 M a r. 8 118 11434 10634 D ec. 2 118 D ec. 22 941.100 5654 Sale 89.400 U S Distrib C orp _____ no par 5634 Sale D ec. 24 39 5334 Saie M a r. 30 6134 Feb. 13 5354 D ec. 1 59 3 300 2,600 3 U S Express______________ 100 4 434 3 3 D ec. 21 3 D ec. 21 D ec. 21 354 334 4 Jan. 12 54 Sale 15,200 186.100 4634 Sale U 8 Hoffm an M a ch ___no par 54 D ec. 1 5734 D ec. 14 4534 Jan. 2 5954 Feb. 4 5634 Sale Sale 1.358.400 74 198,600 76 V D ec. 28 8434 D ec. 8 4534 M a r. 30 8434 D ec. 8 7834 Sale U S Indus A lcohol______ 100 8034 Sale 900 19,225 10134 105 Preferred______________ 100 10734 11 0 10834 1 1 0 107 34 D ec. 3 11034 D ec. 30 99 34 A pr. 22 11434 N o v . 8 47.600 493.200 6834 Sale 59 V D ec. 1 65 U S Realty & Im provt new 6354 Sale D ec. 14 48 34 M a r. 29 71 34 Jan. 4 5934 Sale 57 Sale 3.888.200 8054 Sale 196,300 0 S R ubber______________100 59 Sale 5654 D ec. 1 6354 D ec. 20 5034 M a y 19 8834 Jan. 23 3,500 108 62,615 107 1st preferred__________ 100 10654 Sale 10654 Sale 10654 D ec. 1 10854 D ec. 6 10134 M a r. 30 109 Jan. 19 10.400 164.200 4954 Sale 36 Sale U S Smelt Refg & M g ____ 50 3434 Sale O ct. 23 4934 Jan. 2 3434 D ec. 8 3734 D ec. 13 30 46 Sale 2,300 30,010 4954 Sale Preferred_______________ 50 D ec. 9 4734 D ec. 30 42 O ct. 26 50 4634 4734 46 Jan. 4 Sale 15754 Sale 14634 D ec. 1 16034 D ec. 17 117 3,106,500 21,915,500 13634 Sale United States Steel_____ 100 14654 A p r. 15 16034 D e c . 17 114 3^ i 1x N ew w i __________________ D c ‘D 11 7 D o 27 113 34 D ec. 29 117 211,800 211,800 D ec. 27 100,223 12634 Sale 15.300 Preferred______________ 166 12834 Sale 13054 Sale 12854 D ec. 1 13054 D ec. 29! 124 34 M a r. 3 13054 D ec. 29 65 67 13.200 5634 58 600 U S T ob a cco_________ no par 64 Dec. 8 67 D ec. 30 5634 Jan. 4 67 6534 70 D e c. 30 12 1 200 12 1 3,400 ____ 114 ‘>3 123 12234 Preferred................... 100 112 M a r. 19 123 D ec. 2 111 Sale 113 9,600 98 500 110 Utah C opper______________i o Sale 1 1 1 D ec. 1 113 D ec. 31 93 A p r. 1 116 N o v . 13 198.300 3434 Sale 7,400 Utilities P & L A ____ no par 2934 Sale 27 34 2834 2754 D ec. 28 3054 D ec. 4 27 54 D c . 28 37 F eb. 15 8,000 3854 D ec. 18 41 243,650 3134 Sale Vanadium C orp ______ no par 4034 Sale 3934 Sale D ec. 2 29 M a r. 3 43 A u g. 16 1.800 7.900 1834 20 Van R aalte___________ no par Sale D ec. 18 1234 A p r. 20 22 1354 1454 14 F eb. 8 1334 D ec. 10 15 1.900 7034 753J 6354 7054 66 1st preferred__________ 100 58 A u g . 13 75 6734 Feb. 11 7,800 67,400 Vick Chem ical c t fs _ l.n o par 48 4634 Sale 4634 D ec. 6 4834 D ec. 30 43 34 July 21 52 4834 A u g. 6 41,623 317,810 1954 Safe Va-Caro Chem new w i no par 934 Sale 1034 Sale 9 O ct. 20 2534 F eb. 3 934 D ec. 31 1154 D ec. 14i 8734 Sale 2,600 87.500 95 54 Sale 7 % preferred new w i .100 D ec. 13 83 O ct. 15 9834 Jan. 6 8734 8634 D ec. 2 88 35 40 158,150 63 ys Sale 8,350 6 % preferred w i ______ 100 35 D ec. 18 4034 D ec. 4 3134 O ct. 14 69 3534 Sale Jan. 4 52 Sale 45 14,4001 300 Va Iron Coal & C ok e____ 100 54 47 50 D ec. 10 52 D ec. 1 40 M a y 15 6034 N o v . 11 83 1,800 300 79 34 81 Preferred______________ 100 85 74 D ec. 13 70 8034 D ec. 29 85 July 19 85 D ec. 13 522.500 78.400 Sale 3534 Sale 35 Vlvaudou (V ) In c new no par 34 D e c. 10 3634 D ec. 22 26 M a r. 30 3634 D e c. 22 108 Sale 108 11,665 1.300 110 10734 D e c. 3 11034 D ec. 8 9434 Jan. 29 11034 D ec. 8 Preferred______________ 100 R ights___________________ . 22,000 22,000 34 D ec. 17 34 Sale D ec. 22 34 D ec. 17 54 D e c. 22 200 Vulcan Detinning________ 100 14 15 1,300 1134 15 D ec. 3 10 Sept. 15 15 1434 D ec. 6 15 1634 18 D ec. 3 10 104 510 96 Vulcan Detinning, p r e f..100 85 105 Sale ____ 105 105 D ec. 31 105 D e c. 31 88 A p r. 16 105 D e c. 31 9,000 Sale 190.500 1754 1754 22 W aldorf System _____ no par 21 D ec. 14 23 D ec. 28 17 2234 Sale Jan. 12 23 D e c. 28 19.000 Walworth C o _________ no par 96.500 21 54 23 1534 16 1834 1934 1534 D ec. 9 2034 D ec. 21 12 34 June 2 2334 Jan. 27 Sale 107 112 1,150 Ward Baking Class A .n o par 116 Sale 10934 D ec. 15 116 16,150 195 D ec. 31 99 June 30 195 Jan. 2 2.378.400 84 34 Sale 86,200 Class B _____________no par 3234 Sale 3134 Sale D ec. 13 2134 O ct. 20 8554 F eb. 1 2934 D ec. 24 35 2 .7 0 0 48.9 0 0 108 pa 110 34 9034 Sale Preferred____________ 100 90 D ec. 27 9234 D ec. 14 8834 O ct. 7 11034 Jan. 15 9034 Sale Sale 489,000 Warner Bros P ic A ________ 10 3,352,300 18 42 Sale 45 34 Sale 3334 D ec. 16 4534 D ec. 1 12 June l i 6934 Sept. 14 19.100 63,140 463-4 48 Warren B ros__________ no par 5534 Sale 6834 Sale 5534 D e c. 4 69 D ec. 20 43 34 A p r. 15 69 D e c. 20 100 200 ____110 Washburn C rosby p r e f .. 100 10734 110 10734 D ec. 30 10734 D ec. 30 107 34 D e c. 30 110 M ay 7 Weber & H ell bron ’r ,nevrnopar 138,260 8034 Sale 13.800 6034 Sale 5534 57 56 D ec. 23 6234 D ec. 10 53 A p r. 20 85 34 Jan. 13 97 Sale 20.200 1,200 West Penn E l C o A ctfs no par 9834 99 97 D ec. 1 9834 D ec. 11 8834 Jan. 6 9834 O ct. 28 800 13.000 10134 Sale 1 0 1 3 4 -------- 10134 D e c. 7 10234 D ec. 14 9534 M a y 17 10234 D e c. 14 Preferred certificates. .100 113 116 112 1,100 West Penn Pow pref____ 100 6.700 107 11134 Sale 11134 D ec. 31 11434 D ec. 22 108 M a r. 25 115 Sept. 21 100 102 10234 10334 102 200 6 % preferred__________ 100 2.700 D e c. 9 103 D ec. 28 95 M a r. 5 103 D e c. 28 145 Sale 146 144,332 13534 Sale 4.700 Western Union Teleg____ 100 148 145 D e c. 1 149 D ec. 3 13434 M a r. 30 15734 Sept. 8 136 Sale 13934 Sale 135 98.100 618.400 12334 Sale Westinghouse Air B r a k e ..50 D e c. 1 146 D ec. 18 10534 M a r. 31 146 D e c. 18 36.600 853.350 74 54 Sale Westinghouse El & M f g . .5 0 6834 Sale 6834 Sale 6834 D ec. 3 7034 D ec. 20 65 M a y 19 7934 F eb. 10 84 Sale 84 300 SO 2,100 1st preferred___________ 50 8034 83 82 D ec. 20 8434 D ec. 1 7834 O ct. 25 8754 F eb. 5 16 17 4,900 W esting’se E lec In str.n o par 236.300 1734 Sale 1534 Sale 1534 D ec. 24 1634 D ec. 7 1334 M a y 10 1934 July 28 Sale 1.500 31 32 Class A _________________ no par 3234 Sale 34.100 28 2834 D ec. 24 3234 D ec. 1 2734 Jan. 4 3234 O ct. 7 8.400 White Eagle Oil & R __no par 197.500 2834 Sale 2534 Sale 2634 Sale D ec. 27 25 34 A p r. 20 2954 F eb. 10 2534 D ec. 6 27 Sale White M o to r______________50 83 135,500 57 Sale 5634 Sale 1.686.400 5634 D ec. 6034 D ec. 14 5134 A pr. 15 90 F eb. 13 Sale 93,200 3534 3634 24 14,900 White R k M Spr. ctfs.n o par 2634 Sale 24 D ec. O ct. 20 3854 F eb. 7 2834 D ec. 15 22 55 Sale 107.200 5.500 W hite Sew M a ch , p f_ .n o par 5534 Sale 5334 D ec. 5634 D ec. 20 4634 O ct. 19 6434 O ct. 1 Vs Sale 146.600 25.400 2 Vs Sale Wickwire-Spen Stl O tf no par 34 Sale 34 D ec. 1 D ec. 10 34 D e c. 9 354 Jan. 3 369,100 2134 Sale 7,441,800 3134 Sale Willys-Overland___________ 5 22 Sale 2134 D ec. 2434 D ec. 14 18 M a y 17 34 Jan. 6 91 Sale 129.600 9434 Sale 1.400 N ew preferred_________ 100 D ec. 30 9234 D ec. 15 8834 O ct. 25 99 8934 9034 90 F eb. 4 10 Sale W ilson & Co new _____no par 114.350 46,050 1234 Sale 10 D ec. 7 1434 D ec. 13 6 M a y 20 14 D ec. 13 21 Sale 163.200 A new__________________ no par 92.400 2834 Sale 2034 D e c. 1 3034 D ec. 13 14 M a y 21 30 D ec. 13 86,300 31.600 Preferred new_________ 100 6634 Sale 7634 Sale 6634 D e c. 1 8134 D ec. 13 42 M a y 19 81 D e c. 13 3,529,150 21434 Sale 240,800 W ooiw orth (F W )________ 25 188 34 Sale 18334 Sale 18134 D ec. 29 19434 D ec. 8 13534 M a y 19 222 Jan. 6 N ew w i __________________ 1 24 G Sale 14.800 14.800 128 12014 D ec. D ec. 20 12034 D ec. 29 12S D e c. 20 Sale 16.300 2134 Sale"' 2134 22 200.200 44 W orthington P & M ____ 100 2034 D ec. N ov. 22 4454 Jan. 4 2234 D ec. 4 19 47 Sale 78 11.900 77 5.000 Preferred A ___________ 100 44 Sale 44 D ec. 49 D ec. 7 44 N o v . 26 80 F eb. 6 23.800 6034 Sale 7.300 47 49 Preferred B ___________ 100 3934 Sale 39 D ec. 44 D ec. 31 3734 N o v . 23 65 F eb. 24 30 Sale 345,800 2734 Sale 20,500 Wright Aeronautic___no par 3234 Sale 33 D ec. 27 2434 M a r. 30 3954 July 16 2934 D ec. 45.900 5434 5534 5134 5234 5134 Sale 2.000 Wrlgley (W m J r)____ no par 5134 D ec. A p r. 3 5994 F eb . 18 5334 D ec. 18 47 70 Sale 31.500 6134 65 3,000 Yale & T ow n e_____________25 70 D ec. 7034 71 72 D ec. 10 6034 M a r. 4 7234 A u g. 26 2,722,100 3034 Sale 434,900 Yellow Truck & C oach ___10 2734 Sale 2934 Sale 2634 D ec. 3134 D ec. 27 20 M a y 24 3954 Sept. 8 98 100 42.000 93 34 Sale 4,100 Preferred______________ 100 99 D ec. 9934 100 100 D ec. 9 9134 A p r. 3 10734 Sept. 2 85 Sale 634.600 8634 Sale 50.300 Youngstown Sheet & T u b e ..I 88 Sale 85 D ec. 6 9034 D ec. 18 69 M a v 14 95 V A ug. 9 'Ex-dividend, a This price is after distribution of dividends in shares of United Olgar Stores a t the rate of 38.85 shares for 100 shares of Unitej Retail Stores, c Ex-300% in stock Par S h a re s. Bid. Ask. Sale Sale Sale Sale Prices D ec. 22 30 42 D ec. 16 1854 D ec. 16 103 IN D ec. 9 14 10 ' D ec. 2 79 76 D ec. 29 Sale 21 D ec. 1 108 105 D ec. 9 Sale 55 D ec. 31 Sale 55 34 D ec. 4 Sale D ec. 29 70 89 86 D ec. 20 Sale 5754 D ec. 1 Sale 3754 D ec. 1(1 Saie 115 D ec. 9 Sale 1 % D ec. 10 32 G n c. 334 D ec. 20 454 Sale 91 D ec. 80 Saie 6334 D ec. 28 Sale 4754 D ec. 81 120 11954 D ec. 18 Sale 5234 D ec. 1 Sale 154 D ec. 6 Sale 31 D ec. 16 Sale 434 D ec. 1 26 25 D ec. 10 Sale 12 D ec. 29 6 434 D ec. 9 1854 1254 D ec. 9 1234 1134 D ec. 8 Sale 1054 D ec. 10 _ _ e n e r a l G 30 Qu o t a t io n s OF BONDS AND STOCKS 1. In the follow ing thirty-four pages o f tables quotations are given for all the m ore Im portant securities listed on any Stock Exchange In tbs United States; also for leading unlisted and Inactive securities. 2. Quotations from all Stock Exchanges are as near as possible for the closing day o f the m onth precedin g the date o f issu e. A s the N e w Y o r k S to c k Exchange began with Jan. 2 1909 to quote all bond prices “ and interest,” we have adopted the same m ethod and no longer em ploy a d e sig n a tin g m ark to Indicate the fact except where there is a deviation from this rule. The reader will understand, therefore, that unless the letter is prefixed k the price, he must pay accrued interest in addition to the price. This, how ever, does not apply to Income bonds or bonds in default. In which cases the price includes the Interest, should there be any. 3. The letter “/ ” prefixed to bond prices denotes that the quotation Is a flat price— that is, that the accrued Interest form s part o f the price, and therefore the purchaser does not have to provide for it separately in making paym ent. A s already stated In the case o f incom e bonds an d b o n d s in default, the price is always " f la t ," and no designating mark is em ployed to Indicate the fact. 4. Quotations for guaranteed stocks are “ and dividend” ; that is, the accrued dividend must be paid In addition to the price. Stock prices m arked thus (d) are per share. A ll others are per cent except bank stock prices, which are quoted per share unless otherwise stated. 5. It should be borne in mind in the use o f these tables that the quotations for m any inactive and unlisted securities are m erely nom inal, b ut in all cases the figures are obtained from sources which are considered reliable. 6. The following abbreviations are often used, viz.: “ M ” for m ortgage, “ g” for gold, “ gu” for guaranteed, “ end” for endorsed, “ cons for con•Hdated, “ conv\ for convertible, “ s f ” for sinking fun d, “ 1 g ” for land grant, “ o p ” for optional. 7. The black-faced type in the letters showing the interest period indicates the month when the bonds mature. N O T I C E . — A l l b o n d p r ic e s a r e “ a n d I n t e r e s t ” e x c e p t w h e r e m a r k e d “ f ” and B on d s. A sk. A IL B O A D b o n d s Bonds o f companies consol’d are often under the consolidated name. Adirondack— See D el & Hudson Akron & Barb B elt g 4s 1942. J& D Ak C ant & Youngst 6s 1 9 3 0 .-J& J Gen & ref 6s 1945 ser A . .A & O Gen & ref 53*s 1945 ser B A&O Ala G t South 1st 5s D ec '2 7 . .J& J Gen M 5s D ec 1 1927 £ . — J&D 1st cons g 5s 1943 ser A ___J&D B elt R y o f C hatt 5s 1 9 4 5 ..J & J Ala M idland— See A tl C oast Line Alabama N Orl T & P June— “ A” deb 5s g '40 red '1 0 .M & N *‘ B ” deb g 5s '40 red '1 0 .M & N “ C ” deb g 6s N ov 1 1940. A&O Alabama Tennessee & N orthern— Prior lien 6s 1948 ________J&J Gen incom e 6s Oct 1948______ Alabama & Vicksburg R y — 1st M g 5s 1974 series A .-M & N Albany & Susq— See Del & Hud Allegheny Valley— See Penn R R Alleg & West— See B u ff R & P Allentown Term 4s 1919 E xt at 6 % to 1 9 2 9 .- - ..J & J Alton Bridge— See St C M & St L Ann Arbor 1st g 4s 1 9 5 5 -- --Q -J 6 % notes M ar 15 1930--M & S15 E q tr 6s 1927-35 (s -a ).-J & J 15 Ark & M em R y Brge & T erm — 1st M 5s 1964____________ M&S Aroostook N or— See Ban & Aroos A roostook Valley— See C an Pac Asheville & Spartanburg— S U & C ol 1st M g gu 4s 1955— J&J A tch & East’n Br— 4s 1 9 2 8 .-J&J Atchison Topeka & Santa Fe— Gen m tge gold 4s 1995— A& O Adjustm ent 4s July 1 '9 5 - -N o v Stam ped. . . -_ - ___M & N C onv g 4s o f '09 due '55 op t J& D C onv g 4s o f 1905 due '6 5 . J& D C onv g 4s o f I 9 6 0 . ____ J& D Trans S L 1st g 4s 1958___J&J Oal-Ariz 1st & rf 4 3*s '62 op M&S Series B _________ ____ E Okla D iv 1st g 4s '2 8 . -M&S H utch & So 1st g 5s 1 9 2 8 .-J& J R ock y M t D iv 4s 1965---- J&J San Fran & San Joaquin Val— 1st g 5s O ct 1 1940------ A& O Santa Fe Prescott & Phoenix 1st g 5s 1942__________ M & S Athens Terminal R y— 1st g 5s 1937____________ J&J Atlanta Birm & A tlantic— Incom e 5s N o v 1 1930 c t f d e p . A tl & Birm 1st g 5s 1 9 3 4 .-J & J Certificates o f d eposit______ Atlanta & Chari A L— See Sou R y A tl K nox & Cin— See Lou & Nash A tl K n ox & N or— See Lou & Nash Atlanta & St Andrews B ay— 1st 6s. 1938_____________ A& O A tlantic & Dan— See South R R Atlantic C ity— See Reading C o A tlantic C oast Line C o o f C onn— Certs Indebt 5s irredeem .J& D A tlantic Coast Line R R — 1st cons 4s July 1 1952.M & S Col tr g 4s O ct 1 '52 o p .M & N C onv deb 4s '39 op T 6 M & N Gen unif ser A 4J*s '6 4 -J & D 7 % notes M a y 15 '30 M &N 15 E q 63*s Feb '36 (y r )--F & A Eq 6s Jan 15 ’27-’35-J& J 15 Ala M id— 1st gu g 5s’28M & N A tlantic C oast Line o f S C— Gen 1st g 4s July '4 8 - -J& J N E o f S C 6s 1 9 3 3 -.-J&J Brun & W est 1st 4s '3 8 - - J&J Char & Sav gen 7s 1936-J&J Fla So 1st g gu 4s '4 5 ___J&J N or & Car 5s 1939____A&O R ich & Peters 43*s '4 0 -A&O Sav Fla&W 1st g 6s '3 4 -A & 0 1st M g 5s 1 9 3 4 . ___A&O Wllm & Newb 4s '9 7 . . F&A W ll & W ei gen g 5s '3 5 .-J& J Gen m tge g 4s 1935___J&J A tlantic & Yadkin— See South R y A ug Term — See Chari & W Car Austin & N orthw ’ n— See So Pac Balt Ches & Atlan— See Pa R R B alt & Cum b Val R R 6s '2 9 --J& J E x 1st M 6s July 1931------ J&J Balt & Harrlsb— See W est M d Baltimore & Ohio— 1st M 4s g July 1 1948— A&O 1st M 5s July I 1948_____ A&O C onv 4 J*s 1933 red 1923-M&S R ef & gen 5s 1995 series A . J&D R e f & gen 6s 1995 series C . J&D R e f & gen 5s 2000 ser D ..M & S 10-yr 68 July 1929------------J&J E q tr 43*s 1927-40 (y r )..M & N Eq tr 5s 1927-37 (y r )------ F&A E q tr 5s 1927-38 (y r )------ F&A Eq tr 6s ’27-'35 ( y r ) __ J&J 15 Plttsb Lake Erie & W Va— Refund gold 4s 1 9 4 1 ..M & N 8 W D iv 1st 5s 1950..........J&J Central Ohio— R eorg 1st con g 4 ’30.M & S Bid. a # 6 Basis, 93 1003* 100 95 100 96 103 100 If 94 If 91 If 90 88 30 1023* 101 793* 100 b 5.30 1003* ____ 973* 922* 873* 87 3* 873* 872* 86 903* 98 If 96 993* 893* 102 86 / 54 / 52 733* / 101 943* 913* 91 973* 1043* b 4.90 6 5.10 1003-a 93 107 952* 118 90 102 100 1083* 102 2* 90 1023* 92 b b b b 933* 1042* 97 1003* 1073* 1002* 102 3* 4.80 4.85 4 85 5.10 92 3* 1012* 983* Ask Bid. d e f a u l t e d b o n d s . _______________________ B onds B id . Caro C linchf & Ohio (Concl.)— Baltim ore & Ohio (Concluded)— E quip 5s 1927-1937 s -a .-A & O b 4.85 M organtow n & K ingw ood E q 5s 1927-1933 s-a_____ J& D b 4.85 93 1st m tge 5s 1935 - -_ -.J & J 95 Eq tr 6s 1927-'35 (yrly ).J & J1 5 b 5.20 Ohio R iv R R — l s t g 5s '3 6 .J& D 102 1023* _ Gen gold 5s 1937- - ..A & O 1013* 1023* Carolina & Yadkin R iver— _ ' 1st s f 5s 1962____________ J& D Staten Isl R y 4 3*8 1943 J& D 82 3* 1013* 101 T oled o & Cin D iv 4s 1959- - J&J 823* 823* Carthage & Adiron— See N Y C 923* W Va & Pitts 1st 4s g '9 0 -A & O 96 873* Catawissa cons g 4s 1948____ A&O 863* Central Argentine R y Ltd— Bangor & A roostook— 101 100 C on v g 6 % notes 1927____ F&A 1st M 5s g Jan 1 1 9 4 3 -. .J & J 101 103 973* C ons refund g 4s 1 9 5 1 -- .J& J 7 9 1 C ent Ark & East— See St L S W * 783* M edford Ext 5s 1937____M&N 97 983* Cent Branch R y— See M o Pac Piscat D iv g 5s Jan 1 9 4 3 .-A & O 943* 963* Central o f Georgia— 1043* St Johns R iv E xt gu 5s '3 9 -F & A 1st M g 5s N ov 1 1945____ F&A 943* 963* 1033* Van Bur E xt 5s g Jan '43 A&O 95 97 Cons gold 5s 1945______ M & N 98 102 W ashburn E xt 1st 5s '39 .F & A 10-yr 6 % sec gold bds 1929 J& D 943* 953* 95 104 3 * R e f & gen 53*3 1959 ser B .A & O A roostook N or 5s g 1947 A&O 88 90 95 100 j>4 R ef & gen 5s 1 9 5 9 S e r 0 ._ A & 0 N or M aine Seaport 5s '3 5 -A & 0 n 943* 963* B attle Creek & Stur— See M icb C 92 E q tr 4 3*s 1927-1940 P (yr) M&S 64.90% B edford Belt— See Chic M & St P E q tr 4 3*s 1927-1940 Q (yr)M & N 64.90% 34 Beech Creek— See N Y C & H udR E q tr 5s 1927-38 (y e a r )..J & D C hat D iv gold 4s 1951____ J& D 1033* Bellingham B ay & British Col— 100 1st g 5s D ec 1 1932_____ J&D M acon & N or g 5s 1946____ J&J 94 B elt B R & Stk Y d s (In d ’p ’lis)— M id Ga & A tl 1st 5s 1 9 4 7 ,.J J 102 1013* 1st ref gold 4s 1939 - - - .M & N 86 90 M obile D iv g 5s 1946_____ J&J B elt R y o f C hatt— See Ala Gr So Oconee D iv 1st g 5s 1 9 4 5 ..J& D Belvidere Del— See Pennsylvania C ent R R & Bkg 5s 1937..M & N 1003* Bennington & R u tl’d— See R u tl’d C hattahoochee & G 5s '3 0 .-J& J Chat R & South g 5s 1 9 4 7 .-J& J 80 Big Sandy R y— See Ches & Ohio 86 Ocean S S 1st 5s 1943_____ J&J 1002* Birm T erm 1st g 4s 1957 gu M&S C ent o f N E— See N Y N H & H 5 .10% Bolivia R y 1st 5s 1927. - - .J& J Boonville St Louis & Southern— Central o f New Jersey— 112 80 1st M 5s 1951___________ F&A Gen M (now 1st) g 5s ’8 7 . . J&J 85 1002* E q tr 6s Jan 15 ’27-’3 5 .-J & J 1 5 6 5.10 Boston & Albany 5s O ct '6 3 . -J&J 1053* 102 3* 5s June 1942_____________ J& D E q tr 43*s 1927-1941 (y r ).F & A 6 4.75 5s July 1 1938 ____________ J&J A m er D o ck & Im pt 5s 1921— 1023* _ ___ 1053* 973* 43*s July 1937__________ -J& J E xt at 6 % to 1936______ J&J 983* 4s M a y 1 1933 gu N Y O .M & N Leh & W -B Coal con f 4s’30J& D 983* 953* C on g 4s 1935__________J& D 4s M a y 1 1934 gu N Y C .M & N 95 95 Ye 90 N Y & L Br gen 4s 1 9 4 1 ..M & S 4s M a y 1 1935 gu N Y C .M & N 943* 923* ____ 813* General gold 5s 1941___M & S 33*s Jan 1 1951___________ J&J _ _ Central Ohio— See B alt & Ohio 88 R e f 33*s 1952 gu N Y C -.A & O 813* ___ Central Pacific— See So P acific 93 883* Boston & Lowell 4 3*s Feb '33 J&J Central Verm ont R y— 883* B oston & M aine (new )— ____ 97 3* R e f M 5s 1930 guar_____ M&S 96 5s Sept 1 9 4 1 ............................. 873* __ _ 92 4s-5s April 1947________________ E q tr 5s Apr 26 1 9 3 2 s -a ..A & 0 6 6.20 912* 96 43*s-5s April 1 9 4 4 .. 973* Charles & Sav— See A tl C oast L 101 10i 6s-5s June 1944 _______________ 1023* Chari & W Car 1st 5s 1946_A&O 1003* 101 102 3* 6 s-5 s June 1945 _______________ Aug T erm 1st gu g 6s ’4 7 ..A & 0 992* 102 - 104 Chateaugay R y— See D el & H 7s-5s Jan. 1946- ........................ ____ Chattahoochee & G ulf— See C ent 963* . .. 43*s-5s M a y 1943____ __ ____ Chat R om e & Sou— See Cent o f 4s-5s M a r. 1942 _______________ 953* Chattanooga Sta 4s 1957 g u .-J & J 95 4s-5s Jan 1943 ________________ ____ Chesapeake & Ohio— 4s-5s M a y 1940______ _______ __ 963* 1st cons g 5s 1939________M&N B oston & M aine (old )— General 43*s gold 1992___M&S 85 43*s Jan 1944_____ _______J&J 863* C onv g 43*s 1930 op 1915 F&A 92 87 4s Feb 1 1937. . . . - - F& A 4s Aug 1942____- _______F&A 80 Gen fund & im pt 5s 1 9 2 9 ..J&J 823* 62 C on v g 5s 1946__________ A&O 3s July 1950___________ ..J & J 56 E q t r 4 3 * s l9 2 7 ( s a ) ..........M &N . J&J 1003* 1013* 6s Jan 1 1933 ____ E quip 5 ^ s 1927-1937(yr)F& A b 5.05 4.9 5 % E q tr 5s ’27-’38 (y r )____M&S15 54 E q tr 53*s '27-’37 (y r ly )..J & D E q tr 6s 1927-38 (year) .J & D b 6.10 5% E q tr 6s 1927-35 (yrly)..J& J15 Ports G t F & Con 43*s’37.J& D 87 E q 63*s 1927-'35 (a n n )..J & D Bos & N Y A L — See N Y N H & H ____ Craig Valley 1st 5s g 1940.J&J Boston R ev B & L 43*s '27 -J&J P otts Creek 4s 1946_____ J&J 763* Bridge'n & Saco R 1st 4s '28.J& D ___ 2d 4s 1 9 2 8 --. _______. . .J & D R & A D iv 1st con g 4s ’89.J& J 2d con g 4s 1989________J&J B um s & W — See A tl Coast Line W arm Sp Val 1st 5s g '41.M &S B uffalo Creek 1st 5s 1941 --J & J 103 1013* 102 1st ref 5s 1961 . ___..J & J Coal R lv R y 1st 4s gu ’4 5 . J& D 1003* 1013* Elevator C o g 4s gu 1 9 3 8 .A & 0 Buffalo Rochester & Pittsburgh— Big Sandy R y 1st g 4s '4 4 . J&D General 5s g 1937_____ .M & S 102 3* 943* Greenb R y 1st g gu 4s '40 M & N 92 C on g 43*s 1957_________M&N 943* 943* 5% 93 | E q 6s ser K 1927-33 (s-a ).F & A 6 5 20 Kanawha Br & Ter 5s '4 8 -A&O E qu ip 4s series G 1929___A&O b 4.80 4.6 0 % Raleigh & S W 1st 4s '3 6 .-J&J 983*! W est P oc Corn 1st 43*s ’45 F&A A l& W e s t 4s g guar 1998 A&O 843* 853* 1043*, Chesapeake & Ohio N orthern— 4.70 % 1 Clear & M 1st 5s g gu 1943 J&J 993* 1st M 5s 1945 guar_____ A&O 5% B uffalo & Southwest— See Erie B u ff & Susquehanna R R C orp— Chesterfield & Lane 1st 5s '55F& A 102 74 75 C hic & A lton 1st 3 3*s 1 9 5 0 ..J&J 1st 4s D ec 30 1963 - . -.J & J Certificates o f d e p o s i t _______ Burl Ced R ap & N o— See C R I& P 95 R R refunding g 3s 1949_A&O B utte A naconda & Pac 5s’4 4.F & A 96 95 C ertificates o f deposit— 962* California N W 5s 1928 g u .-A & O 101 Cam & Clear— 1st 5s g 1941 J&J 100 Stpd as to A pr 1926 in t_____ E qu ip trust 6s Jan 15 ’27-’35 Gen M g 4s 1955_____ __ F&A 863* 843* Cam bria & Ind— 1st 5s ’3 6.M & N 101 (yearly) ______________J&J15 6 5.45 Chicago Burlington & Quincy— Gen mtge 6s 1944_________F&A 102 93 2* Gen M 4s 1958__________ M&S Eq tr 5 3*s 1927-38 (year) .M&N b 5.20 5% 1063* 1st & ref g 5s 1971 ser A ..F & A Canada A tl— See Grand Trunk 104 5.12 Canada South 5s 1962 ser A .A & O E q tr 6s Jan 15 '27-’3 5 ..J & J 1 5 1053* 862* Canadian National Railways— Illinois D iv 3 3* s' 49 op '29 J&J 943* 43*s Sept 15 1954 ...M & S 1 5 4s July 1 1 9 4 9 - - .............J&J 943* 953* 4 % guar gold notes 1927 .J& J N ebraska E xt 4s 1927____ M&N 993* 993* 993* 5-year 43*s Feb 15 1930.F&A15 99 993* Chic & East 111 (new c o )— Canadian N orthern— Gen M 5s M a y 1951_____ M&N 802* 96 97 1st con deb 4s 1930 g u ..J & D 3 0 Chicago & Eastern Illinois— 115 106 J* 8 F deb 7s 1940__________J&D 1st consol 6s gold 1934____ A&O 1153* S F deb 6 3*s 1946_________J&J Chic & I O R y — 1st 5s 1936 J&J 1173* 1173* 10-yr g 43*s Feb 15 '35 ..F & A 973* Chic G rt W est— 1st 4s 1959.M & S 682* 973* Canadian N W 4 3* s O ct 22 1943 923* 933* Chic & I O R y — See Chic & E 111. M anitoba S E 1st 4s £ '2 9 .F&A Chicago Indiana & Southern R y 92 88 Con mtge g 4s 1956 g u a r .. J&J W innipeg Term g 4s 1939 g . J&J 933* Ind 111 & la 1st g 4s 1950--J& J 973* Canadian Pacific— Cons deben 4s p erp etu a l--J& J 1002* 843* 843* Chicago Indianap & Louisville— 20-yr co l tr 4 3*s 1946____ M & S R ef. M g 6s 1947 series A ..J & J 953* 953* 1133* 1073* Eq tr 4 3*s 1927-1928_____ J&J b 4.75 4 .55% R e f M g 5s 1947 series B ..J & J 1003* E q tr 4 3*8 1927-1938 s -a -.J & D 6 4.75 4.6 5 % « R e f M g 4s 1947 series O ..J & J 1022* Eq tr 6s A pr 26 ’27-’32(s a)A&O b 4.90 4 .70% 1st & gen 5s 1 9 6 6 .............M&N 4 .65% 94 A roostook Val 4 ^ s 1929-F& A 1st & gen 6s M a y '66 ser B .J & J 4.70% 106 8 New Brunsw 1st g 5s 1934.F& A If 99 E quip tr 6s '27-'35 (yr)._J& J15 6 5.30 101 4 .70% Cons deb 4s perpetual. .J&J If 75 Indianap & Lou 1st 4s '5 6 .-J& J 86 5% 77 Ont & Que deb gu os perp. J& D If 96 M onon Coal gu 5s '36 o p t . J& D 98 54 Ch I & St L Sh L — See CCO &StL 923* Garb & Shaw— See Illinois C ent’l Carolina Cent— See Seab Air Line Chicago Lake Shore & Eastern 102 C aro Clinch & Ohio 5s 1 9 3 8 .-J&J 1023* 1st M 4 3*s 1969 op t 1919.J& D 963* 1033* 1st cons 6s 1952 Ser A ..J& D 15 96 — 1083* 1083* Chic M em p & G u lf 5s 194 0 --J& J Ask. 4 .7 0 % 4 .7 0 % 5% 1003* 1042* 104 1022* 1042* 101 4 .7 0 % 4 7 0% 4 .7 5 % 883* 101 1122* 4 95% 4 .5 5 % 92 972* 5% 102 ___ __ 612* 60 712* 5 .1 5 % M t This price includes accrued interest, B onds In co m e a n d k Last sale ( in London n Nom inal, s Sale price. 115 1033* 107 5 .» 0 % 87 58 1003 97) N O T I C E .— A ll b o n d p r ic e s are B onds. B id . Chicago M ilwaukee & P acific— 50-yr 5s 1975 when if & as issued 88% A d j inc 5s when i f & as issued 51% Chic M llw & Puget Sound— 1st M g 4s 1949 guar__J& J-Q-J / 54% Certificates o f d eposit__ / 54% Chicago M ilwaukee & St Paul Gen g 4s A M a y 1 1989___J&J , 85% Gen & ref 4 % s Jan 2 01 4 -.A & O / 57 Certificates o f deposit / 57 C onv 5s Jan 2014 ser B ..F & A / 55% Certificates o f deposit / 55% 1st sec 6s 1934................ ...... J&J 104 Gen g 3 % s B M a y 1 1 9 8 9 --J&J 75% Gen 4 % s M a y '89 series C -J& J 96 Deb gold 4s July 1 1934___J&J / 56% Certificates o f d ep osit_______ / 56% C onv deb 4 % s '32 op t '2 2 -J & D / 56% Certificates o f d eposit______ / 56% Gold bonds 4s 1925 o p t’22.J& D / 56% Certificates o f d eposit_______ / 56% m European loan 4s 1946- -M&S Equip tr 6s 1927-35 (yr)-J& J15 b 5.50 Equiptr5s’27-’40 serB(yr) F&A b 5.20 Bedford Belt 1st 5s 1938 --J & J 95 Milwaukee & Northernls t ext 4 % s '34 (1880) _J& D 95% Cons 6s 1934 ext at 4 95% ^ to 1934 (1884) -Chic & N or M — See Pere M arq Chicago & N orth Western— Gen M 3 % s g 1987......... M & N 77% Gen M gold 4s 1987_____ M & N 90 Stmpd non-pay F ed 'In c tax 89% Gen M 5s '87 stpd Inc tax.M & N 108% Gen M 4 54s '87 stpd inc taxM & N 104% 101 Sinking fund deb 5s 1933-M&N Sinking fund 6s 1929_____ A&O 102% 101% C oll tr s f 5s 1929_________ A&O 10-year 7s June 1 1930____ J& D 106% 15-year 6 % s M ar 1936___ M&S 111% 1st & ref 5s M a y 2037____ J&D 103% E q tr 5s '2 7 -’35 ser M (yr)_J& D b 4.90 E q tr 6s Jan 15 ’27-'38--J& J15 b 5.15 E q tr 6 % s 1927-36 ser J ..M & S b 4.95 Eq 6 % s 1927-36 K (y r)__A & 0 b 4.95 Des Plaines Val 4 % s 1947-M&S 93% Frem Elk & M o V 6s '3 3 --A & 0 107% 91 la M inn & N W 1st 3 % s ’3 5 J & J M anitow G B & N W 3 % s ’41-J& J 85 M iiw Lake Shore & Western— Ext & imp s f g 5s 1929. .F & A 100% M il Sparta & N W 1st 4s’47M&S 91% 83 M ll& State Line 1st 3% s'41 .J&J 103% St L Peo & N W 5s 1 9 4 8 .-J& J 94 St Paul East Gr Tr 4 % s ’47.J&J Sioux C ity & Pac 3 % s ’3 6-F & A 90 Chicago Peoria & St. Louis— Prior lien gold 4 % s 1930-.M & S / 15 Certificates o f deposit_______ / 15 Chicago R ock Isl & Pac R a ilw a y General gold 4s 1988_______J&J 87% R ef g 4s 1934 opt to 1 9 1 1 ..A & 0 92 % 5% notes 1929____________ J&J 99% 5 % notes 1929___________ M & S 99% 4 % s notes 1928........ _J&D 99 5.20 E q tr 6s Jan 15 1927-’35-J& J15 E q tr 5s 1927-'38 (s-a)____ J& D 4.85 4.85 E q tr 5s A pr '27-’34 (s-a )-A & O 4.75 E q 4 % s 1927 (s-a)____ . J&J Burl Cedar Rapids & N orth— Con 1st & coll tr 5s g '34. A&O 100% Choctaw Oklahoma & G ulf— Consol gold 5s 1952____ M&N 104% 101% C hoc & M em ph 5s 1949___ J&J 86 Peoria R y Ter 4s '37 gu op_ J&J R I Ar & La 4 % s 1934____M&S 94% 92% St P & K C Sh 4 % s '4 1 --F & A K eok & Des M — 1st 5s’23 A & 0 Certificates o f deposit_______ f 90 Stamped 2 % loan_________ / 90 Chic St L & N O— See 111 Central Chic St L & Pitts— See Penn Co Chic St Paul M inn & Omaha— 103% Cons 6s June 1 1930_____ J& D 94% Cons 6s red to 3 % s 1 9 3 0 --J & D 99% D eb gold 5s M ar 1 1 9 3 0 --M&S Stam ped____________________ 99% 5.30 E q 6s 1927-35 (ann)___ J&J15 5.20 E v tr 7s 1928 31 Series B . J&J 102% N orth W isconsin— 6s 1930-J&J Super Sh L 5s June 1930-M &S Chic Terre Haute & Southeast— 1st & ref g 5s D ec 1 '60 opt.J& D 93% Incom e mtge D ec 1 1960______ 87% South Indiana 1st g 4s '51-F& A 80% Chic Un Stat 1st 4 % s 1963-.J & J 97% 1st M 5s 1963 series B _____ J&J 104% 118% 1st M 6 % s series C 196 3 --J& J 101% Guar gold 5a 1944_________ J&D Chicago & W estern Indiana-—105% Gen gold 6s D ec 1 1932___Q-M 86% Consoi gold guar 4s 1952___J&J 1st & ref 5 K s 1962 A ____ M &S 104% Chic & W est M ich — See Pere M C hoc Okla & G ulf— See C R I & P Cincinnati H amilton & D ayton— 98% General 5s gold 1942_____ J&D 97% 2d mtge gold 4 K s 1937____J&J D ayton & M ichigan 1st 5s 1911 98% Ext at 4 % % to '31 op'17.*r “ O I St L & C — See C C C & S t : Cin Ind & W est 1st 5s 1965-M 94 CIn Leb & N or— See Pennsylvania RR Cine & M usk Val 4s 1948___F&A Cin N O & Tex P ac R y — E q tr 5s 1927-38 ( y r ) - ..A & 0 b 5% Cincin N orth 1st g 4s 1 9 5 1 --J&J 87 Cin San & Clev— See C C C & St L Clearfield & Jeff— See Pa & N W Clearf & M ahon— See B R & P Cleveland Akron & Columbus— 100 General gold 5s 1927_____ M&S 92 1st cons guar g 4s 1940___F&A Unguaranteed_______________ Clev Cine Chic & St Louis— General 4s gold 1993_____ J& D 88% Gen M 5s ser B 1993____ J& D 106% D eb gold 4 % s 1931_______J&J 98% 102% R e f & Imp 6s 1929 ser A ..J & J R ef & imp M 6s '41 ser C ..J & J 107 R ef & imp M 5s '63 ser D ..J & J 103% Equip tr 5s 1927-’29 (yr)__J& J b 4.85 Equip tr 6s 1927 (y r )_____ J& D b 4.75 b Basis. ‘ i t r s ” e c p where marked “ ” a n d and n e e t x e t f Ask. B id . Bonds 89% 52 56 55% 86 57% 57% 56 56 104% 76 96% 56% 56% 56% 56% 56% 56% 5.25% 4 9 5% 98 96% 96 78% 91 91 108% 105% 102% 103 101% 106% 112% 103% 4.70% 5% 4 .75% 4 .7 5 % 109" 92% 87 92% 105" 98 91% — 88 92% 100% 100 % 99% 5% 4.70% 4.70% 4.50% 104% 88~ 95 93 104 95% 10C% 100% 5.05% 6% 93% 87% 81 97% 105% 118% 102 % 106 87 104% 100 — 98% 94% 4.75% 89 100% — 89% 113 99% 102% 107% 103% 4.60% 4.50% / This price Includes accrued lnt. 31 RAILROAD BONDS J a n ., 1927.] C lev Cin Chic & St L (Concluded) Cairo D iv 1st g 4s 1939___J&J C W & M D iv 1st 4s g '91 J&J St L D iv 1st col tr g 4s '90 M & N Spr & Col D iv 4s 1st g '4 0 -M & S W hite W V D iv 1st 4s '40-J& J Cine Ind & St L Sh Line R y — 1st gold guar 4s 1953___A&O C I S L & C 1st 4s g Aug '36 Q-F Cin San & C lev con g 5s '2 8 -J&J C lev Colum Cin & Indianap— Gen co n sg o ld 6s 1934___J&J Id Blm & W ext 4s 194 0 --A & O O Ind & W g 5s Apr 1938--Q -J Peor & East cons 4s '4 0 - -A & O 2d cons inc 4s 1990___Apr 1 Cleveland Lorain & W heeling— Cons now 1st 5s 1 9 3 3 ---A & 0 Stamped subject to ca ll_____ Gen M 5s 1936__________J& D C on refg g 4 % s 1930 re d ,-J & J Clev & M ahon Val— See Erie R R C lev & M arietta— See Penn R R Cleveland & Pitts— See Penn Co Clev Short Line— See L S & M S Cleveland Term inal & Valley— 1st 4s gold guar 1995___ M & N Cleveland Union Term inals— 1st s f 5 % s 1972 series A .-A & O 1st M s f 5s 1973 ser B ____ A&O Coal & Iron R y — See W estern M d Coal River R y — See Ches & Ohio C olo & Sou 1st g 4s 1929____ F&A R e f M g 4 % s M a y 1 '3 5 - -M & N E q tr 6s 1927-35 (y e a r)--J & J 15 F t W orth & D C 6s 1921— Ext at 5% % to 1961---J & D C olo Sou N O & Pac— See St L & S F C olo Spr & Cripple Crk D R y — 1st gold s f 5s 1930_________J&J Cent Tr Co ctfs o f d e p ______ 1st cons 5s Oct 1942_____ A&O C ol C onnect & Ter— See N or & W Col H ock Val & T — See H ock Val Conn & Pass— 1st g 4s '4 3 __A & 0 N ewp & R ichf 1st 5s '41 g u . J&J Conn River— Gold 4s '4 3 --.M & S Connecting R y (Phila)— 1st M gu 4s M ar 15 '51-M &S15 Connellsv & M onongahela R y — 1st s f gold 4s 1930 o p t ...-M & S Cuba Northern 6s 1966 stpd-J& J C uba R R — 1st g 5s 1952____ J&J 1st 1 & ref g 7 % s '36 ser A . J&D 1st 1 & ref 6s 1936 ser B ..J & D Im p & equip 5s 1960____ M&N Current R iv— See K C F t S & M Dallas & W aco— See M o K & T Daws R y & C ’l— See El Paso & S W D ayton & M ich— See C H & D D ayton Union 4s 1949______ J&J Del & Bound Br 3 % s '55___F&A Delaware & Hudson— C onv 5s 1935____________ A&O 1st & ref gold 4s 1943____ M&N 7 % sec g bonds 1930_____ J& D 15-yr g 5 % s M a y 1 '3 7 - -M & N E q tr 6s Jan 15 ’27-'35-J& J15 Adirond 1st 4 % s '42 gU -.M & S A lbany & Susq 3 % s gold 1946 (conv before 1916) g u .-A & O B lu ff Point Land Im pt C o— 1st mtge guar 4s 1940___J&J Chateaugay Ore & Iron— Guar gold 4s 1942_______J&J Rensselaer & Saratoga— 6 % g bds M a y 1 '4 1 - -M & N U tica Clin & Bing 5s '3 9 - -J& J Delaware Lack & W estern— Morris & Essex 3 % s 2000-J&D N Y Lack & W estern— 1st & ref 5s 1973 ser A .M & N 1st & ref 4 % s '73 ser B .M & N Warren 1st refg 3 % s 2 0 0 0 -F&A Del R iv R R & Bridge— See P a R R Denison & Pac Sub— See T ex & P Denver & R io Grande W estern— Gen incom e 5s A u g '5 5 --M & N Denver & Rio Grande— 1st con g 4s 1936_________..J & J 1st con g 4 % s 1936_______ J&J Im prove't gold 5s 1 9 2 8 ---J & D R io Gr June 1st gu 5s '39-J& D R io Gr So 1st g 4s '4 0 - - J & J / 1st g 4s guar 1940_____ J & J / R io Gr W est 1st 4s '3 9 ___J&J 1st coll tr 4s 1949 o p ___A&O Utah Fuel 1st 5s 1 9 3 1 .-M&S Denver & Salt Lake— 1st 5s '43 ctfs dep ass’t pd-M & N Des M & Ft D — See M inn & St L Des PI Val R y— See C hic & N W D et Gr R ap & West— See Pere M D et & M ack pr 1 4s 1995____ J& D M ortgage gold 4s 1995___J& D D etroit R iv Tun— See M ich Cen D etroit & T oled o Shore Line— 1st gold guar 4s 1953_____ J&J Dul & Ir Range— 1st 5s '3 7 -A & O D uluth M issabe & N orthern— Gen g s f 5s Jan 1 1941____ J&J D uluth South Shore & A tlantic 1st gold 5s 1937___________ J&J Dutchess C o— See C ent N ew Eng East Tenn Va & Ga— See So R y — Eastern M inn— See St P M & M Elgin Jol & East 5s 1 9 4 1 -..M & N Elmira & W illiamsport— 1st 6s 1910 ext at 4 % 1950-J&J Incom e 5s 2862___________ A&O El Paso & R I— See El P & Sow E l Paso & Southwestern C o— El Paso & S W R R — 1st & ref 5S.1965________ A&O N ew M exico R y & C oal C o — 1st col tr g 5s Oct 1 '4 7 -A fcO 1st & con & coll tr g 5s '51 A&O Dawson R & Coal 5s '5 1 -J&J E lP a s & R I ls t g g u 5 s '5 1 _ J & J Erie— N Y & E lst4s ext g ’47 M&N 4 % s 3d ext 1 9 3 3 - - ........... M&N 5s 4th ext gold 1930_______A&O 4s 5th ext gold 1928_______J& D 7s 1st cons 1920 ext to '3 0 -M & S Prior lien gold 4s 1996____ J&J Gen lien gold 4s 1996____ J&J it Last sale. I In London, Ask. 93% 86 87% 91% 90% 95" 100 87 90 — — — 106% 92% 92% 85% 42 107% 101% 100% 102% 98% 85% 42% 99% 86% 87% 108% 103% 108% 104 99% 96% 5.20 103% 96% 5% — — 86 79" — 92% 93 97 99 94% 107 99% 87% 95 108% 99% 88% 100 89 — 116 93% 106% 103% 5.12 118 91 106% 104% 5% 87% _____ ■86 89 87 89 109% 99 80 101% 77% ioi 80% — — 73% 73% 91% 94% 99% 100% 91% 94% 99% 101% 7 91% 84 99% 12" 92% 85 65 70 70% 65 73% 66% 87 102% 103% 103% — 75 79% 102% 104% 87 98 104% 89 100 — - — 9 i" 98% 98% 100% 106% 81% 73% n co m e a n d d e fa u lte d b o n d s . B id . B on ds. Erie R R (Concluded)— C on v gold 4s 1953 ser A -.A & O Series B 1 9 5 3 ..................A&O Series D 1953__________ A&O 6 % notes M a r 1 1930____ M&S E q tr 6s 1927-35 (year)_J& J15 E q 6s ser FF ’27-’28 (s-a) .M & N Penn coll g 4s Feb 1 1 95 1 --F & A B uffalo & Southwestern— 1st g 6s '08 ext to 1 928--J& J 2d g 5s '08 ext to 1 92 8 --J& J J eff R R 5s ext at 5 % 192 9 -A & 0 C hic & A lt T erm 5s 1 92 8 --J& J Ch & Erie 5s 1st g 198 2 --M & N Incom e 5s O ct 1982_________ C leve & M ah Val g 5s '38-J& J Erie & Jersey s f 6s 1955-J&J Genesee R iver 6s 1957____ J&J Goshen & D eck 1st 6s '2 8 -J & J L ong D ock 6s con g 193 5 -A & 0 N ew b & N Y 1st 5s 1 9 2 9 --J& J N J & N Y 5s 1950____ M&N Gen 5s D ec 31 1932____J&J N V & G r Lake gu g 5s '46 M&N N Y L E & W C & RR— 1st 6s ext 5 % % 1 9 4 2 --M &N N Y L E & W D & I 1st 6s '13 E xtended at 5 % to 1943. J&J N Y Pa & O p 1 4 % s '35-M & S P atterson E xt 1st 5s 1950-J& D N Y Susq & W estern— 1st refunding 5s 1937___J&J 2d m tge 4 % s 1937_____ F&A Gen m tge 5s g 1940____ F&A T erm 1st g 5s 1943____M&N Registered $5,000 e a c h . .. M idlan d o f N J 1st 6s 1910 ext at 5 % to 1940___A&O W ilkes & E 1st g 5s '4 2 .J& D Erie & Jersey— See Erie R R — Erie & P ittsb— See Penn R R — Est R R o f France— External s f 7s 1954_____ M & N European & N A — See M aine Cen Fitchburg— 5s Jan 1 1934___J&J 4 % s Jan 1933....... ...............J&J Flint & Pere M arq— See Pere M Flo Cen & Pen— See Seab Air L Florida East Coast 4 % s '59 J& D 1st & re f 5s 1974................ M & S Florida South— See A tl C oast L Florida W est Shore— See Seab A L Fonda Johnstown & G loversv— 1st cons r e f g g 4 % s 1 9 4 7 ..J & J Gen r e f g gold 4s 1950____ J&J R e gistered _________ 1st cons ref 4 % s '52 > p t..M & N Fort D odge Des M oines & Sou— 1st 5s 1938......................... J&D Ft Smith & West 1st g 4s '54 A&O Fort St Un D ep t D et 4 % s ’41 J&J Ft W orth & D n C— See C ol & S Ft W orth & R io Gr 4s 1928 J&J Fre Elk & M o R iv— See C & N W G alv Har & San An— See So Pac G alv H ouston & H enderson— 1st M 5s 1933____________A&O Galveston Term 6s 1 9 3 8 .. .M&S Genesee R iver— See Erie R R Gen & W yo 1st g 5s 1 9 2 9 .-A & O G eor & Alabam a— See Seab A L Georgia Car & N — See Seab A L Ga & Fla 1st g 5s 1 9 5 6 ..-M & N G eor M idland— See South’n R y Ga R R & Bkg re f 6s 1 9 5 1 -.A & 0 4s Jan 1 1947_____________J&J Ga Sou & Fla 1st g 5s 1945-J& J D eb 5s 1952........ A&O Eq tr 4 % s 1927-1939 s -a .M & N Gila Val G lobe & N or— See S P Goshen & D eckertow n— See Erie Gr R ap Bel & Sag— See Pere M ar Grand R ap & Ind— See Penn R R Grand T runk P acific— 1st M 3s 1962______________ J&J 1st 4s Feb 25 '39 A lg g u .M & N 1st 4s Feb 15 '42 A lg g u .M & N Gen 4s 1962 Can G o v guar J&J Prairie Section 4s 1 9 5 5 ---A & O M ountain Sec 4s 1955____ A&O Lake Sup D iv 4s 1 9 5 5 - - .A&O Grand T runk R y o f Canada— Sink fund g deb 7s 1940___A&O D eb g 6s Sept 1 1936____ M & S C anada A ti 1st 4s 1955___J&J Grand T runk W est 4s £ 1950-J&J 1st g gu 4s $ July 1 1 9 5 0 .-J& J Great N orthern— Gen M 7s 1936 series A ____ J&J 1st & ref g 4 % s '61 op t '4 1 .J&J Gen M 5 % s 1952 ser B ... J & J Gen M 5s 1973 series C ____ J&J Genl 4 % s 1976 ser D .......... J&J E q tr 4 % s 1927-1939____ M & S E q tr 4 % s 1928-1940 D (yr) J&J E q tr 5s 1927-1938 (yr)__M & S E q tr 6s Jan 15 ’2 7 -’3 5 --J & J 15 W estern Fruit E xpress____ E q 5 s J'ne 15 '27-'39 (yr) J& D E q tr 4 % s 1927-1940-J& D Great N orthern R y o f C anada— C ons 4s 1934 op t to 1914. - A&O Green B ay & W est debt certfs A . D eb ctfs B ___________ Greenbrier R y— See Ches &"Ohlo G u lf M ob ile & N orthern— 1st 5 % s 1950 ser B _______ A & O G u lf & Ship Island R R — 1st ref & term g 5s Feb '5 2 .J&J G u lf Term inal o f M obile— 1st m tge g 4s 1957 g u ............J&J H ocking Valley R y — 1st cons gold 4 % s 1999___J&J E q tr 5s 1927-1938 (an n )-A & O E q tr 5s 1927-1939 ( y r ) .- .J & J E q tr 6s '27-'35 (y r ) ____ J&J 15 C ol & H V ext 4s 1948___A&O C ol & T ol 1st g 4s 1 95 5 --F & A Hollid Bed & Cum b— See Pa R R H ousatonic— See N Y N H & H H ouston B elt & T erm 5s '3 7 .J & J H ouston E & W T e x — See Sou Pac 78% 78% 84% 100 b b 5.20 5% 98% 100% 107% 99% 111% 111% — 86" Ask. ! 100% 5.10 4 60 100 io i% — 112" 112 109" 88" 99% 101 97% 97% 93 98 87% 71% 98 — 98% 98% 94% 72 94% 72% 95% 73 94% 9 4% 93% 93% — 98% 99% 9 8% 9 9% 84 64 63 63% 53 15 94 25” 97% 98% 96% 96% 99 — - 102 / b 30 40 110 87 101 % 112 93 5% 68 89 87 84% 74 74 75 89 95" 4 .75% 68 % 88" 86 115 106% 75 77 85% 115% 107 113% 97% 108 102 % 94 4.75 4.75 4.85 5.12 113% 98% 108% % 86 % 102% 94% 4 .65% 4 .65% 4 .7 0 % 6 6 5% 4.90 4 .75% 4 .70% , / / 90% 83 22% 92 22 % 104% 106% 109 84 85 97% b 4.85 b 4.85 b 5.12 91% 90% 4 .70% 4.70% 5% 92 99% 107 82% 73% m D ollars per 500 francs or £20. n N om in al, s Sale price, u Per $200, 32 RAILROAD BONDS [V N O T IC E .— A ll b o n d p r ic e s are " a n d i n t e r e s t ” e x c e p t w h e re m ark ed “ f ” a n d in c o m e a n d d e fa u lt e d b o n d s . Bid. B on d s. H ouston & T ex Cen— See Sou Pac Hudson & M anhattan— 1st gold 5s 1957 o p t ............F& A A dj in c up to 5 % Peb ’5 7 -A & 0 1st M 4 34s 1957 c o n v ____ F&A N Y & Jer 1st g 5s ’32 o p t.F & A Huntingdon & B road T o p — 1st M ext 6s M a r 31 '40 A .A & O 2d M ext 6s 1940 ser B ._ _ F & A 3d M consol 5s M ar 31 '4 0 -A&O Hutchinson & S— See A T & S F Illinois Central— 1st g 4s ’5 1 -J& J 1st gold 334s 1951 - J&J M ain L ext 1st g 3 34s ’5 1 .A&O 1st M £ 3s 1951___________ M&S 1st M £ 4s 1951------------------A&O Tr bonds £ 3 34s 1950____ J&J Coll trust gold 4s 1952-----A&O C ol tr L N O & T g 4s '5 3 .M & N R e f m tge 5s 1955____ — M & N R ef g 4s 1955 op t 1 9 1 8 .-M & N Pur lines 1st g 534s 1 9 5 2 .-J& J Jt 1st ref M (I C & C S L & N O) 5s 1963 ser A ------ J&D Ser B (£100 & £200) '6 3 -J & D G old 5 H s Jan 1934 ______ J&J G old 634s July 1 1936. - -J& J 40-year 4M s A ug 1 1 9 6 6 --F & A Eq tr 414s 1927-1939 K ..F & A Ea tr 414s 1927-1940 I. -A & O Ea tr 414s 1927-41 Ser N -A & O E q 5s 1927 _____________ M & N Eq tr 5s 1928-38 ser J ...M & N E q tr 6s '27-'35 (y e a r ).-J & J 15 Equip 614s 1927-1934 (y r ).F & A Equip 7s 1927-1935............A&O Cairo Bridge 4s g 1950---- J&D Litch D iv 1st g 3s 1 9 5 1 ---J & J Louisv D iv 314s g 1953— J&J Omaha D iv 1st 3s g 1 9 5 1 --F & A St Louis D iv 314s g 1 9 5 1 .-J& J St Louis D iv 3s g 1951------ J&J Sp’field D iv ext 314s '5 1 - -J& J Western lines g 4s 1951— F&A Chicago St Louis & N O— C on g 5s June 15 '5 1 .J & D 15 C o n g 3 14 s June 1 5 '5 1 J & D 1 5 M em D iv 1st 4s 1 9 5 1 .-J & D St Louis A lton & T er Haute— St L South 1st g 4s '3 1 -M&S Carb & Shaw 1st g 4s ’32 - M& S Ind B1 & W n— See O C O & St L Indiana 111 & la — See C hic Ind So Ind & Louisv— See Ch Ind & L So Indianapolis Union— Gen & refg 5s 1965 ser A --J & J 98 34 8434 88 10034 9814 8434 90 10054 ___ ____ 30 ____ ____ ____ 9434 8734 87 7314 If 86 If 78 90 K 88 108 94 8354 ____ ____ ____ 7834 90 83 9034 8854 10814 ____ 89 103 1/101 103 11254 . 9654 b 4.76 b 4.75 04.40to 1 4.75 1 b 4.80 b 6.1U b 4.90 b 4 90 9214 7614 83 7554 8454 7554 8634 9014 10314 106 104 11314 9614 4 .60% 4.6 0 % 4.60 4.50% 4.60% 5% 4.75% 4.75% ____ ____ 8314 ____ 86 ____ 10554 7954 8914 10714 _ _ 90 96 9554 97 96 54 10214 10214 Interboro-M et \See Street & E Inter R ap Tran | R y Securities Internat-"Great N orth R y — 10614 1st M g 6s 1952 series A — J&J A dj M 6s July 1952 ser A .A p ril / 83 34 8114 --------------- Stam ped-------1st M 5s 1956 series B - J&J 9714 Internat R vs (Central Am erica)— 1st M 5s 1972 opt - -M & N 7554 95 1st col tr 6 % notes 1941.M &N 9914 6 % notes 1927------------------------89 Iowa Central— See M inn & St L la M inn & N W — See C & N W _ Jacksonv Ter 1st 5s gu ’3 9 - -J&J 10054 110 R e f & ext 6s 1967 ________ I&J Jamestown Frank & Clearfield— 9014 Jefferson— See Erie Joplin Union Station— _ 97 1st g 4 34S 1940 guar op _-M & N Kal A1 & G R R — See L S & M S Kanawha Br & Ter— See C & O Kanawha & M ich — See T ol & O C Kanaw & W Va— See T ol & O O K C E xcel Spg & N W — See W abash Kan C ity Ft Scott & M em phis— 9214 R e f g 4s 1936 guar---------- -A & O 10114 Cons 6s 1928 - --M & N Current R iv 1st 5s 1 9 2 7 --A & O 9914 94 K C M em & Bir 4s 1 9 3 4 .-M&S Incom e 5s M ar 1 9 3 4 --S ept 1 / 95 A s s e n te d ____________ M&S 9914 Kan C ity & M em R y & B — 1st 5s gold 1929------------A & O 9914 Kansas C itv M exico & Orient— ____ I n gold 4s 1951 (un dep)-_F & A 6% notes 1916 certifs - A&O / -----Kansas C ity & Pac— See M K & T K an C itv Sou— 1st g 3s 1950-A&O 7314 R ef & im pt 5s Apr 1 1 95 0 --J&J 9914 Eq tr 6s 1927-35 (yea r). - J&.T15 b 5.30 E q tr 514s 1927-38 (yea r)-M & S 65.10% Kansas C ity Terminal R y — _ . 8814 1st g 4s 1960 op t 1930------ J&J 35 Kan Okla & G ulf ser A 6s '3 7 -J&J 96 1st M 6s 1976 - ____ J&J Inc 6s series B Jan 1949------ Jan / 12 Kentucky & Indiana Term R R 1st M 4 /4 s 1961 (sterling)-J&J Plain - - . ------ --- K noxv & Ohio— See Southern R y Lake Erie & D et R iv — See Pere M Lake Erie & W est 1st 5s ’3 7 .-J& J N or Ohio 1st gu 5s g 194 5 -A & 0 L S & M ich So— See N Y C & H R Leh & Lake Erie— See Lehigh Va Lehigh & N ew England— 1st M gold 5s 1945_________J&J A sk. 8514 87 9254 10214 10054 9414 ____ 10314 103 % 10634 8354 8234 9714 7634 9534 10014 93 ____ ____ 92 98 9254 10154 96 100 9914 ____ 7354 9934 5.10% 4 .85% 8834 98 90 89 _ 9434 10434 Lehigh & N Y A st 4s 1945-M & S 1st 5s gold guar 1933 — J&J 1st 40-year guar int red to 4% 1 9 3 3 --- - ------ J&J 1st & ref 5s 1 9 3 4 -............F&A 1st & ref 5s 1 9 4 4 --- - F&A 1st & ref 5s 1954------------F&A t Basis. 10134 10234 99 9734 8o34 9834 ____ 86 ^ 88% 8834 10034 96 93 94% 99 J4 9834 b 5.10 b 5.25 98 99 99 ____ ____ 89 34 90 ____ ____ 100 H 99% 9114 125 9614 8614 97 10514 10454 __ 127 87 9734 10514 95 8914 10114 102 9514 101 9954 100 10014 — 97 9934 10134 8634 102 34 9634 b 8634 5.30 8634 5% f ____ 99 84 ____ ____ ____ f -----r 135 ____ ____ 99 34 10634 10634 100 100 Basis b 5% 100 io634 10634 101 5 .3 0 % 4 .7 5 % 7634 5.2u 5.20 7634 4.9 5 % 5% 9234 84 9334 10234 ____ ___ ____ 8534 9434 102 3^ 9734 100 34 ____ 9334 97 34 10034 10034 ____ 9234 b 4.95 b 4.95 lo o k s 99 34 St L & C 4s guar 1931____J&J 3634 10034 M o ’k & M alone— See N Y C & H ____ 107 M onongahela Sou 5s 1 9 5 5 --A & O M on t Cent— See St P M & M 105 ____ M on t W yo & So 5s 1939___M & S M organt & K ingw ood— See B & O N orth & Essex— See D L & W N ashville C hattanooga & St L 88 100 ^ 1st consol gold 5s 1 9 2 8 -- A&O E q tr 4 34s 1927-37 (yea r)-A & O b 4.90 10134 Nash Flor & Sheff— See L & N 8754 Prior lien g 4 34® s f 1 9 5 7 .-J& J / ____ _____ / -----103 Jan 1914 coupon on July 1914 cou pon o n _________ / -----Assent cash warr & scrip o n ____ J 1434 Gen m tge 4s 1977____ __ A&O / -----f - 111 Assent cash warr & scrip o n . _ / 1434 8434 8 % gold notes June 1915-J& D / -----10134 N at R R o f M e x p i g 434s '26-J& J / -----f -----July 1914 cou pon o n _____ Assent cash warr & scrip o n . f 22 95 1st cons gold 4s 1951A&O / -----99 101 34 16034 9534 4.7 5 % 4 75% 101 ____ _ __ _ ____ 4.9 0 % 6% ____ ____ 102 90 105 10334 ' - Vs vj 9654 101 10154 105 9* 10534 10/% 108 10634 9934 100 b 4.75 4.6 0 % b 4.90 4 .75% b 5.10 5% 9354 9434 94 98 10354 92 93 91 91 70 66 7354 108 100 f -----78 r 50 100 8234 f -----/ -----/ Sept 1 1914 cou pon o f f -------- / -----M exican N orth 1st 6s 1930 J&D / -----M ich Cent— See N Y C & H R M iddlesex Valley— See Leh Val M iddletow n & U nionville— ____ 2d M adj inc 6s 1933____ M&N M id i R R —45% franc bds (foreign series) red up to 1960 ____ J&D h$ 22 M idlan d o f N J— See Erie 96 M idlan d Valley— 5s 1943___A&O ____ A d j M A pr 1 ’53 ser A ____ Sept Series B ____________ ______ M illen & Southw— 5s 1 9 5 5 --A & O 80 M ilLakeSh&W est— See Chi& N W M ilw & N o— See Ch M ilw & St P M ilw & Spart & N W — See Chic M in & Pac— See M St P & S S M M inn & St. L— 1st 7s 1 9 2 7 --J & D 9934 1st g u g 7s 1927 - -------- J&D . 9834 1st consol gold 5s 1934___M & N / 5334 Certificates o f d e p o s it .. / -----1st refg gold 4s 1949- - -M&S / 18 R e f & ext 5s Feb '62 ser A .Q -F / 13 D es M & F t. D 1st 4s ’3 5 - -J&J f 34 f 34 Iow a C ent 1st g 5s 1 9 3 8 .-J & D / 5334 ___ / 5334 C ertificates o f d e p o sit. 1st & ref g 4s 1951------ M&S / 1654 M inn St P & Sault Ste M arie— 1st cons gold 4s 1938______ J&J 8834 1st cons gold 5s 1938______ J&J 98 1st cons 5s '38 gu in t____J&J 98 2d M gold 4s guar 1949___J&. 89 C oll trust 6 34s 1931 _____ M&J 10134 1st re f 6s 1946 series A ____ J&J 1C034 ft Dollars per 1,000-franc bond. 4.85 % 4 .8 5 % 4 .9 0 % 4 .9 0 % 10134 8634 10234 96 ____ 96 103 11034 8.) 34 100>2 .... >5.10% f>5.10% b5.25% b 5.25 9834 10154 8754 86 102 Ask 9634 10054 85 100 lud34 1 08 12 / 9334 _ _ _ 67 % 8/ Yi 10954 10054 Minn St Paul & S S M iConcl)— 25-year 5 34s 1 9 4 9 - - ___ M&S E q tr 434s 1927-36 (s-a) .M & N E q tr 5s 1927-33 (s -a ). .M &S E q tr 6s 1927-35 (year) .M &S E q tr 7s 1927-1930 (year) .J & D M St P & S S M & Cent T erm R y— ls t C h T e r s f 4 s ’41 o p ’ 16M & N M inneapolis Term — see W is Cent M ississippi C ent g 5s 1949 - J&J M issouri-K ansas-Tex R R — Prior lien 5s 1962 ser A . J&J Prior lien 4s 1962 ser B ___J&J Prior lien 6s 1932 ser C_ .J&J A dj M 5s Jan 1967 ser A . A&O M o K an & T ex (old com p a n y)— 1st gold 4s 1990 ____ _j& D E q tr 6s 1927-35 (year) J&J 15 BoonviJle R R . Bridge— 1st g gn s f 4s 1951 _ -M & N Dal & W aco 1st gu 5s ’4 0 .M & N Kan C & P ac 1st 4s g '9 0 - -F & A M issouri Kansas & Okla— 1st g gu 5s M a y 1 '4 2 - M&N M K & T o f T 1st 5s gu ’42 M & S M o P acific R R (new com p a n y)— 1st & re f 5s Jan 1965 A . F&A 1st & re f 6s 1949 ser D ..F & A 1st & re f 6s 1955 Ser E_ .M &N 5 % gold notes 1927 - - - - - J&J 6 % secured notes 1930 - M&s Secured 534s 1931-1956.-J&D E quip trust 5s 1927-40 ,(yr)M & » M o P acific (old com p a n y)— Gen M 4s M ar 1 9 / 5 ___ M&S E quip 634s 1927-36 (yea r).F & A E q tr 6s ’2 7-’35 (y e a r).-J & J 15 3d 7s ext to July 1938 at 4% . . - ________ M &N C ent B r Un P ac 1st g 4s’48 J& D P ac o f M o 1st ex g 4s '38 F&A 2d ext 5s gold 1938 - - J&J S t L R E 1st 5s 1 9 3 8 --M&N Cardelet B r 1st 434s’3 8 -A & 0 St Louis Iron M t & Sou— U nify & re f’g g 4s '2 9 - - J&J Gen con ry & 1 g 5s '3 1 -A&O Gen con stpd gu g 5s '31 A&O R iv & G u lf D iv 4s '33 - _M&M M ob ile & Birm— See Southern Ry M obile & O— 1st g 6s 1 9 2 7 --J&D 1st exten 6s July 1927____ Q-J Gen g 4s 1938 - _____ ..M & S E q tr 5s 1927 ’38 (s -a )..-M & S E q tr 5s 1928-39 (yea r)____ J&J M on tg om D iv g 5s 1 9 4 7 --F& A 9634 100 3^ 8934 124. 95 34 100 60 . Bid B o n d s. 9834 102 34 100 34 10134 97 34 9334 M acon D u b & Sav 5s 1947 -J&J M a con Terminal 5s 1965 .T&J M ahoning Coal— See L S & M S M aine Central— 1st & ref 4 34s 1935 _____ J&D 1st & re f 5s D ec 1935 . . J&D Eur & N A gold 1933 - J&J H ereford R y— G 4s ’3 0 - -M & N Upper C oos 1st gu 4s '30-M & N Upper C oos E x 4 34s g '30-M & N W ashington C o R y 1st g gu 334s Jan 1954 op 1924 J&J M anila R R Sou Lines 4s’39.M & N 4s 1939 ext to 1959 Philippine G ov t gu M&N Sinking fund g 7s 1937_ M&N M a nitoba & S E— See Can N or M anitoba S W Col 5s 1934 J& D M d Del & Va 5s 1955 g u . - -F & A M aryland & Pa 1st g 4s ’51 M&S M ason C ity & F t. D odge— 1st M gold 4s 1 9 5 5 .- . . . J&D M em phis Union Station C o— 1st g gu 5s N o v 1 ’59 - -M & N M erchants' B r— See T erm R R M eridian T erm 4s '55 guar M&N M exican International— Prior lien 4 J4s 1947 _____ M & S 1st con gold 4s 1977____ M & S A sk. 100 9934 Consol gold 4s 2 0 0 2 -- M&S Lou C & Lex 4 34s g 1931-M & N N O M o b 1st gold 6s 1 9 3 0 --J& J 2d gold 6s 1930 - _ _J&J Pad & M em D iv 1st 4s '4 6 - F&A S E & St L D iv 6s 1971 .-M & S 2d m tge 3s 1980_______ M&S K en tu cky Cent 4s g 1 9 8 7 --J&J Lex & East 1st 5s 1965 ..A & O L & N M ob & M on t 434s'45M &S Louisv & Nashv Southern joint gold 4s 1952 J&J L & N Term 1st g 4s ’52 gu J&D Nash F & S 1st gu g 5s '37 F&A N ew port & Cincinnati Bridge— 1st M g 434s 1945 gu ar.-J & J S & N Ala cons M g 5s '36-F & A /T h is price includes accrued interest, Bid. __ 10214 102 E quip trust 434sl927-1931-Var b 5.2( Con M 6s ann reg irred------ J&D Con M 414s ann irred___J&D B onds Lehigh Valley C oal (Concluded)— 1st & ref 5s 1964 ___ F&A 1st & ref 5s 1974_______ F&A Lehigh Valley R y o f N ew Y ork 1st 4J4s gold 1940-- --J & J Lehigh Vail Term 5s 1941 A&O M iddlesex Val 1st 5s ’42 .M & N Pa & N Y Caual con 5s ’39.A&O Cons m tge 434s 1939 --A & O Cons mtge 4s 1939___A&O Lehigh & Wilkes— See Cent N J Lex & East— See Louisv & Nashv Litchfield & M a d 1st 5s '3 4 -M & N Little M iam i guar 4s 1962 M & N Little R ock & H ot Spr W est R y — 1st gold 4s 1939 guar .J& J Long Island— Unified g 4s’49M&S Refunding g gu 4s 194 9 -- M&S 1st cons f 5s July 1 1931_Q-J 1st cons g 4s July 1 1931 --Q -J Gen m tge gold 4s 1938___J& D 4s gold 1 9 3 2 .. . . J& D Debenture gold 5s 1934 J& D Debenture gold 5s 1937--M & N E quip tr 5s 1927-39 (y r ) - .A & 0 E qult tr 6s 1927-32 (y r )--F & A M ontauk Ext 5s 1945 ___J&J Brook & M on 2d 5s 1938 J&D L T C ity & F con 5s 193 7 .M&N N Y Bay Ext R 1st 5s g '43 - J&J N ew Y ork Bklyn & M anh Bch 1st gold 5s 1935 - ____ A&O N Y & R B 1st g 5s 1927. M & S N orth Shore Branch—1st cons 5s g Oct 1 1932 Q-J Louisiana & Arkansas R y — 1st s f gold 5s 1927- - - -M & S Louisiana & N orth W estern— 1st M gold 5s 1935- - - -A & O Louisv Cine & Lex— See L ou & N Louisville Henderson & St Louis— 1st mtge gold 5s 1946 - J&J Louisville & Jeffersonville Bridge Guaranteed gold 4s 1945 M&S Louisville & Nashville— 50-year gold 5s 1937___.M & N Unified gold 4s 1940-- .J& J Coll trust gold 5s 1931 - M &N 7 % g notes M ay 15 ’30-M & N 15 1st & ref 534s 2003 ser A ..A & O 1st & ref 5s 2003 ser B ____A&O 1st & ref 434s 2003 series C A&O Eq tr 434s 1927-37 (year).J& D E quip 634s 1927-36 (year).M&S E q tr 6s ’27-’35 (y r )____J&J15 A t l K & C i n D iv 4s 1 9 5 5 --M&N ol b b 10034 9334 98 34 74 10034 4.7u% _ _ 94 94 A isen t cash warr & scrip o n .. f I I J i Nebraska— See C B & Q New Eng R R — See N Y N H & H New H av & N o— See N Y N H & H N J Junction— See N Y Central 72 New Jersey & New Y o rk — SeeErie 85 New Lon N or 1st 4s 1940___J&J 67 New M ex Ry & C ’l— See El Paso 7434 New Orl G t N or 1st 5s ’5 5 - -F & A 8234 N ew Orl & N orth East 6s 1915— 109 E xtended at 5 % 1940____ M & N R e f & im pt 434s ’52 ser A ..J & J 9634 10034 N ew Orl Term 1st 4s 1953___J&J 87% N ew Orleans Texas & M ex ico— N on-cum inc 5s O ct '35 series A 9934 1st 5s 1954 series B ____ A&O 99 34 1st M 5 % s 1954 series A . _A&O 10434 1st 5s 1956 series C F&A 10234 Newp & Cin Bdge— See L & N Newp & R ich— See C onn & Pass 85 N Y B & M B ch— See L ong Island ... N Y Bay E xt R R — See Long Isl New Y ork Central R R — 107K C ons m tge 4s 1998 series A F&A 9034 New Y ork Central & H ud R iv— R e f g 334s July 1 1 997--J& J 80 34 D eb g 4s ’34 tax-exem pt.M & N 9634 D eb 4s 1942 ta x -exem p t-_J&J 93)4 ____ R e f & im pt 4 34s 2013 A .-A & O 9734 R ef & im pt 5s 2013 C ____ A&O 105 3 s 1 $24 E q tr 7s 27-’35 (y e a r )..A & 0 1 5 b 4 8( E q tr 6s ’27-’35 (y r )____J&J15 b 5% N Y C L eq 5s ’27-’37 (y r )-J & D b 4.75 9734 _ _ N Y C L eq 5s 1927-39 (yr)J& D b 4.75 N Y C Lines eq 434s 1928 J&J b 4 ., ( N Y C L eq 434s ’27-’37(yr)M & S b 4.7C N Y C Lines eq 4 34s Sept 15 1927 to 1939 (year) _____ M & S15 b 4.7( N Y C Lines eq 4 34s '2 8 -’35_J&J b 4.7( N Y C R R eq 4 34s ’36-’3 2 -.J & J b 4.7( 102 B os & A lb eq 4 34s 1927___A&C b 4.7( L S coll tr g 3 34 s 1998____F&A 80 9954 M C coll tr g 334s 1 9 9 8 ---F & A 54 79 34 Beech Cr 1st 4s g gu 1 9 3 6 .-J& J 54 9534 2d guar gold 4s 1936____J&J 99 1834 Beech C rk E xt 3 34s ’5 1 ..A & 0 82 1334 41 C art & Adir 1st 4s 1981---J & D 90 C lf B it C C o 1st g 4s ’4 0 . J&J 82 3734 G ou v & Osw 1st 5s g 1942-J& D 54 10034 Lake Shore & M ich South— 54 C on g ref 334s 1997____ J&D 1734 81 34 D eb gold 4s 1928-.M & S 9834 G old 4s 1931__________ M&K 89 97 34 Cleve Short L 4 3 4s ’6 1 - -A&O 98 34 10134 K A & Gr R 1st 5s 1938.J& ; 98 34 102 34 Kal & W P ig’n g 4s ’4 0 - _J&. 105 8934 M ahon C R R 1st 5s, 1934. J&. 103 10154 10034 1 ____ -- 15 1634 2434 1334 8334 9634 8734 10034 100 105 iu234 . k Last sale. 1 In London, a Sale price, n Nominal. 108 9034 8034 97 9534 97 34 10534 4.70 4 .9 0 % 4 .6 5 % 4 .6 5 % 4 .5 0 % 4 .6 5 % 4 .6 5 % 4 .6 5 % 4 .6 5 % 4 .5 0 % 8034 96 99 98 10534 RAILROAD BONDS Ja n . 1927.] , 33 NOTICE.— All bond prices are “ and interest’’ except where marked “f ” and income and defaulted bonds. B on d s. Bid. A sk. B onds Bid. N orth W isconsin— See St P M & O New Y ork Central (Concluded)— M ichigan Central— N orthw T erm g 5s 1926 g u .-J & J 41 101% N orw ich & W or— 4s 1927 .M &S 5s coup '31 D & B C div_M&S 99% 10134 9834 98% O gd’bu & L Cham — See Rutland D eb gold 4s 1929___- A&O E quip 5s 1927-30 ( y r ) .- A & 0 b 4.80 4 .60% Ohio C onnecting— See Penn R R E qu ip 6s 1927-32 (y r )-.M & S ft 5 % 4 .75% Ohio 1 & W— See C C C & St L 1st 5s Kal & S H 1 9 3 9 --M & N Ohio R iver— See B alt & Ohio Old C olon y R R — 1st m tge M Air L 4s '40_ J&J 95 % 92% 1st g 4s Jol & N Ind'57 J&J10 4s Jan 1 9 3 8 -................ ...........J&J 92% 1st g 3 H s J L & Sag '51 -M & S 83 % 3 % s July 1 1932----------------- J&J 1st M 5 % s 1944 -- F&A 1st gold 3 % s 1952_____ M&N 107% 85% 86% 1st M 5s 1945 series B ___J&D 102% B ayC & B C 1st M g 3s’89 J&D 69 Oregon & California-—See So Pac 63 % Bat C & S 1st gu g 3s’89 J&D 65 D et R Tun 4 % s ’61 gU-M&N 97% Oregon-W ash R R & N a v— 96% 86% Grand R iv Vail 4s 1959-M & S 1st & ref g gu 4s ’61 o p t -.J & J 92% Ore R R & N av cons 4s '4 6 -J&D T ol Can Sou & D 4s '56 _J&J Oregon Short Line— See Un Pac 92 M oh & M ai 4s 1991____ -M & S 90% P acific C oast C o— See M isc Bonds Consol gold 3 % s 2 0 0 2 --M&S Paducah & 111 1st 4 % s '5 5 ---- J&J 97% 85% N J June 1st 4s gu 1986 - F&A 86 N Y & Har 1st g 3 13 s 2000M&N 82% Pan American 1st 5s '34 opt J&J f . . . . 81% Paris-Lyons-M editerranean R R — N Y & N or 1st g 5s 1 9 2 7 --A & O 99% 87 N Y & Put 1st 4s g 1 9 9 3 --A & O 89% 89% E xt s f 6s 1958..........- -F & A 15 Pine Creek guar 6s 1932 -J& D 106% S f extl 7s 1 958-- ____M & S15 96% 107% Paris-Orleans ext'l 7s 1954- M & S Pitts & Lake Erie 6s 1928 -J& J 95% 6 % franc bonds (foreign series) 100% 5s Jan 1 1928____ - -A & O E q tr 6 % s 1927-35 (yr) A&O ft 5.05 4.80% red to 1 9 5 6 -__ J&D h$ 23 Pitts M c K & Y 6s 1932- -J& J 105% 107% Paterson Extension R R — See Erie 102 Paulista R y 1st 7s'42 ser A M&S15 2d 6s guar 1934 - -J& J 103% ____ Pennsylvania R R — St Lawr & Adirond 5s '9 6 --J & J 97% 95% C on M 4s gold 194 3 -- - M&N 2d gold 6s 1996_________A& O 105% do 4s gold 1948----------M&N 95 West Shore 1st 4s 2361____J&J 86% do 4s gold 1948 sterling N Y C & St L 1st g 4s 1 9 3 7 --A & 0 95% stam ped dollar b on d s— 95 102% 102% 2d & im pt 6s A B & O 31 -M & N 101% d o 4 % s g 1960 ------ F&A 96% D eb 4s M a y 1 1931______ M&N 9634 99% Gen g 4 % s 1965__________ J& D R ef 5 % s 1974 ser A - - A&O 104% 10434 Gen g 5s D ec 1 1968- _.J & D 107% R ef 5 % s 1975 series B _J&J 104 104% 106% 10-year gold 7s Apr 1 '3 0 - -A & O New Y ork Connecting R R — 112% 1st M 4 H s 1953 series A --F & A 96% 15-yr 6 % s Feb 1 1936____ F&A 96% 102 103 103% 40-yr 5s 1 96 4 -- - ___ _M & N 1st guar 5s 1953 series B ..F & A C on M 3 % s g £ 1945______ J&J If 79 N Y & Greenw’d Lake— See Erie N Y & Harlem— See N Y C & H R E q tr 6s ’27-’35 (y r )____ J&J15 ft 5 05 Eq tr 5s M ar 1927-38---M & S 6 4.75 N Y & Jersey— See Hud & M anh Gen equip 5s 1927-'39 (yr) A&O 6 4.75 N Y Lack & W est— See D L & W E q tr 4 % s 1927-39 ( y r ) - - A & 0 ft 4.70 N Y L E & W C R R — See Erie N Y & Long Br— See Cent o f N J Alleg Val gen 4s 1942_ .M & S 95% 15 Balt Ches&Atl 1st g 5s '34 M & S N Y N ew Haven & H artford— 99 105% 106 Belvidere Del gu 4s 1927 -F & A Deb 6s Jan 15 '48 con v -J&J15 69% 1st g gu 3 % s 1943- — J&J 84% Deb 4s M a y 1 1957______ M & N 6934 Cin Leb & N or 4s 1942- - - M & N 77 78 Deb 4s July 1 ’55 non-conv .J&J 90% C iev & M arietta 4 % s ’35.M & N 98% Deb 4s 1956 non -conv — M&N 70 6934 Cleveland & Pittsburgh— 77% Deb 4s 1947 n on -con v____ M&S ____ 99% Ser A 4 % s gen gtd 1942-J&J Deb 3 % s M arch 1947____ M&S 7234 Ser B 4 % s gen gtd '4 2 - -A & O 99% Deb 3 % s 1954 n o n -co n v .-A & O 69% 70% 86% 78 76% Ser C 3 % s gen gtd '4 8 - -M & N 103% 103% 86% 15-year secured 6s 1 9 4 0 -- A&O Ser D 3 % s gen gtd ’50- -F & A 84% 101% 6 % notes Oct 31 1930---- M & N 100% 81 D R iv R R & B gu g 4s '36 F& A 94% Bos & N Y A L 1st 4s g '5 5 .F&A 80 Erie & Pittsburgh— C ent New E ng 4s 1961 - -J& J 78 79 _ _ 88% Gen gu g 3 % s ser B '4 0 - -J& J Dutchess C o 4 % s 1940 J& D 86 88% Series C 1940___________ J&J Danb & Norwalk 4s 1955 -J & D 96% 89% Gr R & Ind ext 4 % s ’4 1 --J & J Harl R & P ortch 4 s 1954-M & N 88% 92% 98 2d 4s 1936- _____ .. .A & O H ousatonic con 5s 1 9 3 7 --M & N 99% H olidaysburg B edford & Cum b 78 N augatuck 1st 4s 1954---- M&N 1st M g 4s 1951 guar___J&J 89 New Eng cons 4s 1945 gU -.J& J 87 Ohio Connecting 4s 1943-M & S 92% C onsol g 5s July 1 1945-J&J 98 99% Pennsylvania C om pany— N Y & N E Bos Ter 4s’39 A&O 90 97% Gu g 4s 1931 op 1 9 2 1 --A & 0 N Hav & N orth 4s '56 g u . J& D 78% 80% 88% Gu tr ctfs g 4s 1952---- M&N N Y Prov & B os 4s 1 9 4 2 --A & O 88% Gu tr ctfs g 3 % s 1 9 3 7 -.M & S 85 N Y W estchester & B os R y — Gu tr ctfs g 3 % s 1 9 4 1 --F & A 85% 78% 1st M g 4 % s 1946 gu a r.-J & J 7834 Gu tr ctfs g 3 % s 1942--J& D 84% 65% Prov Sec deb 4s 1957 gu M&N 73 Gu tr ctfs g 3 % s 194 4 --J & D 84% 83% Prov Ter 1st g 4s gu 1956- M&S Ph Balt & W ash 4s '4 3 - -M & N N Y & N or— See N Y C & H R 95% Gen 5s 1974 series B ___F&A 110% New York Ontario & W estern— Pitts Cin C hic & St Louis— 76% 77 R ef 1st g 4s June 1992------ M &S C on g gu 4 % s ser A '4 0 - A&O 99% Registered $5,000 o n ly ---------99% do Ser B 1 9 4 2 - - - A&O 73 75% Gen M g 4s 1955 red . J&D do Ser C 1 9 4 2 ---M & N 99% Ea 4 % sM a r’27-Sept’28s-a M&S ft 4.85 4 .60% do Ser I 1963------ F&A 99% 93% 95 N Y Phila & N or— 1st g 4s’39.J&J do 4 % s ser J '6 4 .M & N 99% 87% Incom e 4s Jan 1 1 9 3 9 -- -M & N do 4s ser D 1945-M & N 88% 95% Stock trust ctfs 4s 1 9 4 8 --J & D 87% do 4s ser F 1 9 5 3 --J& D 96 N Y P rov & B— See N Y N H & H do 4s ser G 1 957.M & N 95% N Y & Putnam — See N Y C & H R do 4s ser H 1960-F & A 95% N Y & R ockaw ay B— See L ’g Isld do 3 % s ser E '4 9 - F&A 95% N Y Susa & W est— See Erie Gen M 5s 1970 ser A __J& D 106% N Y W est & B— See N Y N H & H Gen M 5s 1975 ser B _ _ A & 0 106% 92% 93 N ord R y s f 6 % s 1 9 5 0 --- -A & O O St L & Pits 1st 5s g ’32_A& O 101% N orf & Caro— See A tl C oast Line Pitts Va & Char gu 4s '43 M & N 92 N orfolk Southern— Pitts Y ou n g & Ash 5s '27 M & N 91 % 91% 100% 99% 100% 1st gen 4s series A 1948-J& D N orf & South 1st 5s 1941-M & N 93 1st M 5s 1962 series B ..F & A 104% 95 96 1st gen g 5s 1954 o p t---- -J&J 92 1st gen 5s 1974 series C . J& D 104% Ral & C ape Fear 1st 5s '4 3 .M&S Sun & Lewis 1st g 4s 1 936--J& J Ral & Southp con 5s 1955-J&D 95 96 92% 91 93 T ol W alh V alley & Ohio— Suffolk & Car con 5s 1952.J& J __ 1st g gu 4 % s '31 ser A ..J & J 99 N orfolk Ter 1st gu 4s 1961-M & N 106 1st g gu 4 % s '33 ser B ..J & J 105% 99 N orf & W est gen 6s 1931---- M&N 1st g gu 4s '42 ser C ___M & S 93 108% Im p t & exten 6s 1934------ F&A 110 Penn & N Y Canal— See Leh Val N ew River 1st 6s 1932------ A&O 107 93% Pennsylvania & Northwestern— N & W R y 1st con 4s ’96- - A&O 9334 General 5s Jan 1 1930- - -J& J D iv 1st lien & gen g 4s July 1 100% 923% 93% Clearfield & J e ff 1st 6s '2 7 -J& J 100 1944 op t Jan 1 1929------ J&J Peoria & East— See C C C & St L C onv 6 % Sept 1929_____ M & S 160 N & W Pocahontas 4s ’4 1 -J&D 93% Peoria & Pekin U nion R y— 93% 1st g 5 % s 1974 series A — F&A 103% Eq tr 4 % s 1927-32 (y r )„ M & N 6 4.70 4.5 5 % Eq tr 43^S 1927-31 (yr)__ F&A ft 4.70 4.5 5 % Peoria R y T erm — See C h R I & P 4.70 4.5 5 % Pere M arquette (N ew C o )— Eq tr 434s 1929-32 (y r )_ --A & 0 103% 1st g 5s July '56 Ser A ____ J&J 4.70 4.5 5 % Eq tr 4 >4s 1928-1935 __-J& J 89 1st g 4s July '56 ser B ____ J&J Scioto Val & N E 1st 4s’89M &N 90% 92% Eq tr 6s ’27-’35 (y r )____ J&J 15 ft 5.05 N o & So C ar— See Car A tl & W est L E & D et R iv 4 % s '3 2 --F & A 97% N ’east o f S C— See A tl C L o f S C Perkiomen 1st 5s '18 ext to '38 Q-J Northern C alif R y— See So Pac __ 2d 5s 1918 ext to 1938____ Q-J N orthern Central— 105% Gen & ref 6s 1974 ser A .-M & S 105% Phila & Balt Cent 4s 1 9 5 1 --M & N 89 Phila B alt & W ash— See Penn R R Northern Ohio— See L E & W est Phila N ew t & N Y 3s 1 9 4 2 --A & O N orthern Pacific— 91% Prior lien g 4s Jan 1997------ Q-J 91% Phila & R ead— See Reading Co 65% Phila W ilm & B alt— 65% Gen lien g 3s Jan 2047------ Q-F Debenture g 4s 1 9 3 2 -- ..A & O R ef & Imp 4 !4 s 2047 ser A .J & J 96 96 95% 112% 113% Philippine R ailw ay— R ef & im p 6s 2047 ser B .- - J & J 1st? p 4s 1937 s f op t g u ---- J&J 42 103% R ef & im p 5s 2047 ser O ---- J&J 103 Y R ef & im p 5s 2047 ser D ---- J&J 103 103% Pine Creek— See N “ C & H u d R iv Eq tr 4 34s 1927-32 (yr)_F& A 15 ft 4.85 4 .65% Pittsb Bessemer & Lake Erie— P S & L E 1st g 5s 1 9 4 0 ---A & O Eq tr 4 % s 1927-1940---M & S15 ft 4.85 4.65% 101% Cons 1st g 5s July 1 '4 3 - -J& J Eq tr 7s 1927-30 (y r )..M & N 1 5 ft 5% 4 .75% 100% P B & L E con g 5s 1 9 4 7 -.J & J St P & D D iv g 4s 1996---- J&D Pitts Char & Youghiogheny— Wash Cent 4s M ar 1 9 4 8 --Q -M 85% 89 Gen m tge gtd 4s 1932— A&O St Paul & Dul 1st 5s 1931 -F & A 101% 1st consol g 4s 1968------ J& D 91 92% Pitts C C & St L— See Penn R R Pitts & L E — See N Y C & H ud R iv Dul Union D ep 5s 1930-A & O Pitts M c K & Y ou gh — See N Y C N o Pac Ter C o— 1st 6s 1933-J&J 109% 110 orth R v o f C alif— See Sou Pac 94 N orth Penna ex t’d 4s 1936-M & N Gen g 3 3-10s 1953------------J&J 76 A sk. 43 ____ ____ ____ 8 7% 98 87% 96% 95% $225 102% 95% 102% 99% 107% 106% 112% 102% 84 4 .9 0 % 4 .6 0 % 4 .6 5 % 4 .6 0 % 95% 30 ____ 99 ____ 93% 93 __ 98% 89 110% __ _ __ ____ ___ _ 107 106% 102% __ 105 _ _ __ 100 ft ft __ b Basis. / This price incl. accrued interest, h Dollars per 1,000-francjbond. * Last sale. 104 89% 4 .95% 98% 93 42% ____ B on d s. Bid. A sk. Pitts Shaw & N — 1st g 5s '4 9 -F & A f G old 4s Feb 1 1 9 5 2 --F&A f 3 6 6 % receivers’ ctfs 1 9 2 7 .. F&A f 70 Pittsburgh & Shawmut— 1st s f g 5s 1959 o p t ._ _- J&D f Pitts Shen & L E — See PBess & LE Pittsb T erm R R & Coal— 1st g guar s f 5s 1912____ J&J W Side Belt 1st g 5s '3 7 -M & S Pitts Va & Chas— See Penn R R Pitts & W estern— See B & O P ittsb Youngs & Ash— See Pa R R Portland & Ogdensburg 1st M 4 % s 1928 guar____ M & N 97 99 Portland & R um ford Falls— Debenture 4s A ug 1927 -F & A 99 100 P ortl (M e) Term gu 4s '6 1 --J & J 82 83 Guar 5s 1 9 6 1 ____________ J&J 99% 98% P ort Reading— 1st gu 5s '4 1 - -J& J Ports G t F & C on— See Bos & M e P otom ac Val— 1st gu 5s g '4 1 -J&J 101 P rov Sec C o— See N Y N H & H Pro vidence Term — See N Y N H & H P rov & W ore— 1st 4s 1 94 7 --A & O 87 Ral & C ape Fear— See N orf Sou Ral & Charles— See Seab A L Raleigh & Gas— See Seab A L Ral & Southp— See N orfolk South Raleigh & S"W— See Ches & Ohio Raritan R iver— 1st g 5s '3 9 --J & J 93 95% Reading C om pany— Gen gold 4s Jan 1 1997— J&J 100 E q 5s (J&J) ’27-’32 ser J .-J & J 6 4.75 4 .6 0 % 92% Jer C ent g 4s '51 op ' 0 6 - -A & O 92% Gen & ref 4 % s 1997 ser A_J&J 98 08% A tlantic C ity gu 4s 1 951--J& J 85% 90 1st M gold 5 % s 1929--M & N 101 101% W & N A tr ctfs 4s red 1 0 5 -Q-M 80 82 Phila & R — 2d 5s g 1 9 3 3 --A & O 101% 102% 92 Im p M ext g 4s 1 9 4 7 --A & O Cons ext gold 4s 1 9 3 7 --M&S 93% T erm 5s g gu M a y 1 '41 _Q-F 103 D el R T er p m g 5s '42-M & N 101 103 E x p m on g 5s 1 9 4 2 --J& J 99% W ilm & N o 1st 5s 1927-J& D 100 Gen g 5s Aug 1 1932-_ Q-F 99% Phila & R ead C oal & Iron— C oll s f g 4s ext '32 gu_F&A 100 Renssel & Saratoga— See Del & H Richm & D anv— See Southern R y R ich Fredericksb & P otom ac— 97 Cons m tge 4 % s 1940- - A&O 98 E qu ip 6s Jah 15 28-’35_J&J15 ft 5.15 5% R ich & Petersb— See A tl C oast L R ichm ond Term — 1st 5s 1952.J&J 102 R ichm ond-W ashington C o— C oll tr g gu 4s 1943 o p t_ -J & D 94% R io Gr June— See D en v & R io Gr R io Grande Sou— See D en v & R G R io Grande W est— See D & R G R ock Isld Frisco Term — 5s’27 J&J 100 R ock Isl A rk & La— See O R I & P R utland— C on 4 % s 1941____ J&J 90% Ben & R u tl 4 % s g '2 7 . -M & N 98% Odg & L Ch 1st g gu 4s '4 8 -J&J 81% R utl Can 1st g gu 4s 1949 J&J 81% E q tr 4 % s 1927 (y r )------ M&N 6 5% St Clair M a d & St Louis B elt— A lton Bridge 1st g 4s ’5 1 - -J&J 75 St Clair T erm 1st 5s 1 9 3 2 ---F & A St Johns & L Cham — 5s ’44 M&S St J & Gr Isl— 1st g 4s 1947- - J&J 87% St Lawr & Adir— -See N Y Centra] St. Louis A1 & T H — See 111 Cent St Louis Br— See T erm R R Assn St L & Cairo— See M ob ile & Ohio St L Iron M t & Sou— See M o Pac St L M er Br C o— See T erm R R St L Peo & N W — See Ch & N W St L R o ck y M t & P 5s 1955— See M isc C St L South— See Illinois Central St Louis-San Fran (reorganized) Prior lien 4s 1950 series A - .J & J 84% P rior lien 5s 1950 series B -.J & J 100 Prior lien 6s 1928 series C ..J & J 101% P rior lien 5 % s '42 series D_ J&J 101% C u m a d j 6s July 1955 - -.A & O 98% Incom e m tge 6s July 1960 Oct 95% E q tr 6s ’27-’34 (y r ) _____ J&.T15 ft 5.16 E q tr 5s 1927-37 (yea r)___M & S 64.85% Gen m tge gold 6s 1931-_ J&J 105 Gen m tge gold 5s 1931___J&J 100% St Louis Southwestern— 86% 1st g 4s 1989 ---- --- -----------M & N 2d g inc 4s N o v 1989_____ J&J 80% J&D 1st consol g 4s 1932 ---9. 1st term & un if 5s 1952___J&J 96% E q tr 5 % s 1927-1939 (s-a) M&S ft 5.1o C ent Ark & Ea 1st 5s '40 op.J& J 95 Grays P t T erm g 5s 1947^ J&D 94% Shrev B dg & T er 5s '55 gu F& A 92 StephenvN & STex 5s’40 op.J& J 95 St Paul Bridge & Term inal R y — ____ 1st M 6s 1929____________ J&J St Paul & Duluth— See N or Pac St Paul East Gr T rk— See C & N W & N W St P & K C Sh L — See C R I & I> R I & St Paul M inn & M a nitoba— 1st consol g 4s 1933- - -J& J 97 1st consol g 6s 1933.J& J 107% 1st cons red to 4 % s g 1933-J&J 100% M ontana ext 1st 4s 1937 J& D 95% P acific E xt 1st 4s £ 1 9 4 0 --J& J 90% Eastern R y o f M innesota— N or D iv 1st g 4s 1 9 4 8 --A & O 93% M on t C ent 1st gd 6s 1937 .J& J 11C% 1st guar gold 5s 1937____ J&J 102% W ill & S F 1st 5 s g 1 9 3 8 - - - J& D 102% St Paul & N or Pac— See N or Pac St Paul Union D ep ot— 1st & re f 5s 1 9 7 2 --____J&J 105% Salt Lake C ity Un D ep & R R — 1st M 5s 1938 __________ M &N 96% San A nt & Aran Pass— See SoPac San Fr & S Jo Val— See A T & SFe San Fran Term — See Sou P acific Santa Fe Pres & Ph— See A T & SF e Sault Ste M arie Bridge— 1st M s f 5s July 1 1 9 3 7 --J& J I In London, n Nominal. sSaleprice. 103% 91% 99% 82% 82% 4 .5 0 % 89% o s,p .4 4 84% 100% 101% 102% 99 95% 5% 4 .70% 105% 101% 86% 82 94% 97 4 .9 5 % 96 96 Pac 98 108% 100% 96 113% 105 104% 106 97% t Tax-exempt. 34 RAILROAD BONDS AND STOCKS [Vol .124 N OTICE.— All bon d prices are "a n d in terest” except where marked “ t ” and incom e and d efau lted bon ds. B on ds. Bid. Sav Fla & W — See A tl Coast Line Sav & States— s t g g u 5 s ’5 3 -J& J Scioto Vail & N E — See N o rf & W Seab Air Line— 1st g 4s 1950- A&O 7934 Stam ped________ __ 80 A dj mtge 5s Oct 1 1949--F & A / 83 R e f gold 4s 1959 o p t ___.A & O 72 34 1st & cons 6s 1945 ser A ..M & S 9754 Equip trust 6s 1927 __ J&D b 5.10 Equip tr 6s (s-a) 1927-37-F& A b 5.25 E q t r 534s 1927-1932 (s-a)A & O b 5.10 E q tr 5s 1927-1940 (s -a )..J & J b 5% E q t r 4 34 sD ecl5 ’27~40(s-a) J&D b 4.95 Atlanta-Birmingham D iv— 1st g 4s M a y 1 1933____ M&S 9034 Caro Cent 1st g gu 4s ’4 9 . - J&J 85 34 Florida Central & Peninsula— 1st 1 g ext 5s gold 1 9 3 0 .-J&-T 10034 1st cons 5s gold 1943-- --•'& J 1 0 1 % Sou Bound 1st g 5-° ’4 1 -A & O 9854 Florida W est Sb 5s 1 9 3 4 --J& J 96 % Ga & Ala 5s O ct 1945- - -J&J 97 % Ga & Ala Term 1st g 5s’48.J&D 97 Ga Caro & N — 1st 5s g ’2 9 -J&J 9954 Ral & Charleston 4s 1956-F&A 72 Consol 4s 1956____ - F&A 62 R al & Gaston— 1st 5s g ’47 J&J 100 Seab & R oanoke— 5s ext’ .31 J&J 100 Seab-All Florida R y — 1st gu 5s 1935 series A ..F & A 97 Seacoast R R o f N J 5s ’4 8 - -A & O Sebast & M ooseh 1st 5s ’2 8-M & S Shamokin Sundry & Lewisb’g— 2d 6s gold July 1 1925 ext at 5 % to July 1 1945______ J&J Sher Shrev & So— See M o K & T Shrev B dg & Ter— See St L So W Sierra R y o f California— 1st s f 6s g Apr 12 ’3 7-A & 0 12 1 Sioux City & Pac— See Ch & N W Somerset R y 1st & ref 4s ’55-J& J 71 1st M 4s July 2 1950--------- J&J 73 So Caro & Ga— See Southern R y South B ound— See Seaboard Air L So Indiana— See Ch T H & S E Southern 111 & M o Bridge Co— 1st M g 4s 1951_______ M&N 80 Southern Pacific C o— C oll tr 4s (C P) Aug 1 ’49 J&D 8854 C onv g 4s June 1 ’29 op ’ 14M&S 9854 102 C oll trust 5s 1944. ____ M&N 101 E quip 7s 1927-1935 (yr) J& D b 4.90 Equip 5s 1927-1939 (yr)._M & N b 4.80 Equip tr 5s 1928-38 (y r )-.J & D b 4.80 E q tr 434s 1928-40 (yr)__J& D b 4.70 Pacific Fruit Express equip 7s June 1 1927-1935 (y r )-.J & D b 4.95 Aus & N or 1st 5s g 1941 .J& J 107 Central Pacific— 1st ref 4s g guar 1 9 4 9 --F& A 91% 1st g guar 4s Oct 1 1954-A&O 90 M 334s g gu Aug 1 1929-J&D 97% Guar g 5s 1960 ____ ..F & A 10154 m European loan 4s ’4 6 - -M&S Galveston Harrisb & San An— M ex & P D iv 1st 5s ’3 1 -M & N 10054 2d M 5s 1921 gu - J&J 10054 Houston East & West- Texas— 1st 5s g M a y 1 193 3 -- M&N 10054 1st gu g 5s M ar 1933 M & N 10054 Houston & Texas Central— 1st lien g 5s 1937______ J&J 10154 W aco & N W D iv 6s ’30 M&N 102 N or Cal R y g 5s 1 9 2 9 ---J & D 10054 N o R y o f Ca’ 5s g gu 1938 A&O 105 Oregon & Cal 1st 5s 1927 -J& J 100 S A & Ar Pass g gu 4s ’43 J&J 89 San Fran Term 1st 4s 1950 A&O 9054 So Pacific Br 6s 1937____A&O 109 1st con g 5s gu 1 9 3 7 .- M & N 10454 1st ref g 4s 1955 op 1910 J&J 9854 Stam ped Federal Tax So P ac Coast 1st g 4s 1937-J&J 9454 Texas & N O con 5s 1943 -J&J 9954 Dallas D iv 1st g 4s ’30-F & A 9534 Southern Railway— 1st consol gold 5s 1994J&J 10654 D evelop & gen M g 4s ’56 A&O 8654 D evelop & gen 6s 1956 - A&O 11354 D evelop & gen 654s 1956 A&O 11954 E q tr 6s ’27-’35 (yr) ..J & J 1 5 6 554 E q tr 5s 1927-39 (s-a)___M&S b 4.85 E q tr 434sApr ’27-’39 (s-a) A&O 6 4.85 E Tenn reorg lien 5s 1938-M&S 10154 1st M em D iv g 5s 1996___J&J 10634 8954 Aiken Br 1st g 4s 1998- -J& J Atlanta & Charlotte Air Line— 1st M 434s 1944 ser A ..J & J 9854 1st M 5s 1944 ser B J&J 10354 A tl & Danville 1st 4s 1948 J&J 80 2d g 4s 1948___________ J&J 7254 A tl & Y a d 1st gu g 4s ’4 9 . - A&O 8254 E T Va & Ga— D iv g 5s ’30 J&J 10054 Consol 1st g 5s 1 95 6 .— M & N 106 Ga M id 1st g 3s 1946 - - A&O 72 L & N So join t g 4s— See L & N M o b & Birm pr lien 5s ’45-J& J 10034 9454 Gen M g 4s 1945______ J&J 8634 Small 82 M obile & O coll tr 4s ’38-M & S 92 R ich & Dan deb 5s stp d ’27 A&O 9954 R ichm ond & M echlenburg— 1st g 4s N ov 1 1948___M & N 7934 So Caro & Ga 1st 554s ’29 M&N 10 1 Series F 5s 1931______ M&S General 5s 193 6 -- - - M&N Va & Southwest 5s 2 0 0 3 J&J S & N Ala— See Louisv & Nashv 8054 8034 8334 7254 9754 4.60% 5% 4.90% 4.80% 4.7 5 % 9154 10054 100 9754 9854 99 100 76 102 10054 9734 74 76 82 8854 9854 10254 10154 4 .70% 4 .60% 4 .60% 4 .60% 4 .75% 9254 9054 10154 101 10054 10054 10534 10054 8934 9054 112 9854 9634 10654 8654 113 54 11954 5% 4 .70% 4 .62% 103 10654 90 10454 8054 7434 8234 10654 7354 8754 8554 94 100 80 10134 10054 10254 102 95 9554 8454 97 8454 Spokane Falls & N or 6 s ’3 9 . -J& J State L & Sulliv 454s 1929.J&J A sk. 2d m tge inc 6 s 1938 cou p.M & N I Basis. /T h is price includes accrued interest, B on ds. Bid. Sup Sh Line— See C St P M & Om Tam pa & G u lf Coast— • 1st g 5s 1953_____________ A&O Tam pa & Jacksonville— 1st M 5s 1949 c t f d e p ___A&O Tam pa N orth 1st 5s ’36 op J&J Tennessee Central R y — 1st m 6s 1947 Ser A _______ A&O Term R R Assn (St Louis)— 1st gold 434s 1939_______ A&O 1st consol gold 5s 1944 F&A Gen ref s f g 4s ’53 op ’ 1 0 -J&J St L Br 1st g 7s 1929 . A&O St L M er Brdge T — 5s ’30 A&O M er Brdge 6s ’29 op ’09 F&A Terre Haute & Peo 5s 1942-M & S Texarkana & F t Smith— 1st m 534s 1950 guar____ F&A Texas C ity Term 6s 1941 J&J26 Texas & N ew Orleans— See So Pac Texas & Okla— See M K & T Texas & P ac 1st 5s 2000 - J&D 2d inc g 5s D ec 2000 M ar Louisiana’D iv 1st 5s 1931-J&J E q tr 5s 1927-1939 ______ M & N Denison & P ac Sub 1930.M&S W eatherford M in W & N orth— 1st guar f 5s 1930 ..F & A Tex Pfcc-M o Pac Term R R — 1st M g 534s 1964_______ M & S T ol Can So & Det— See M ich Cen T ol & Ohio Cent 1st 5s 1935- J&J W est D iv 1st 5s g 1935___A&O General gold 5s 1935- ..J & D St M a ry ’s D iv 4s g 1951 F&A E q tr 6s 1927-1935 (yr) J&J15 Kana & M ich 1st 4s 1990 .A & O 2d mtge gold 5s 1927 J&J Eq tr 6s 1927-35 (yr)_J&.T15 Kanawha & W Va 5s 1955 J&J T oled o Peoria & W estern— 1st gold 4s July 1 1917____ J&J T oled o St Louis & W estern— 1st gold 4s A pr 1 1950___A&O T o l Term 1st 434s ’57 g u .- .M & N T ol Walh Val & O— See Penn R R T oron to H am ilton & B uffalo—1st gold 4s June 1 1946_J& D Ulster & D el cons 5s 1928_J& D 1st re f gold 4s 1952_____ A& O Ask. 89 91 60 94 70 95 97 34 9934 9834 10234 87 % 103 % 9934 10134 101 9934 88 10434 10034 10234 10134 10334 98 10334 100 10534 93 100 b 5% 96 10634 105 10034 4.7 5 % 98 f 9834 103% 101 10034 100M 85 65.10% 85% 10 0 % 65.30% 96 100 10434 Bid. B o n d s a n d S to c k s . Wheeling & Lake Erie R R — 1st consol gold 4s 1949 ..M & S R e f M 434s series A 1966-M & S E q tr 4s 1927 ( y e a r ) _____ A&O W heeling D iv 1st g 5s ’28- J&J E xten & im pt g 5s 1 9 3 0 -- F&A Wheeling T erm 4s 1940 - - F&A W ichita Falls & N orthwestern— 1st 5s, Jan 1939 __________ J&J 1st & re f g 5s 1940 op t J&J W ichita Union Term inal R v— 1st g gu 434s 1941 o p t ___M & N W ilkes-B & East— See N Y S & W W illiam sport & N Branch R R — 1st re f gold 434s 1931_____ J&J Wilmar & S Falls— See St P M & M Wil & N ewbern— See A tl C oast L W il & N or— See Phila & Reading W il & W eldon— See A tl C oast L W inston-Salem Southbound— 1st gold guar 4s 1960 ___J&J W inston-Salem Term inal C o— 1st M gold 5s 1966 - ___A&O Wis Cent R y— 1st M g 4s ’49 J&J 1st & re f 4s 1959_______ A&O 554s g notes Apr 15 ’2 7 -A & 0 1 5 5 % notes 1930_______ __ J&J M arshfield & South East D iv pur m on 1st g 4s 1951 M&N Sup & D ul D iv 4s 1936 _M&N M inneap T erm 3 54s ’50 op t J&J Wor Nashua & R och 4-5s 1945- 4s Oct 1 1 9 3 4 ....................... A&O Yosem ite Val s f g 5s 1936___J&J 6 A sk. 87 9034 4.75 9934 100 8734 9034 4 .5 0 % 10034 / 140 f 140 95 f ------ 8234 7334 100 80 89 60 91 82 10134 8734 R A IL R O A D S T O C K S . Par. 5% Ala Great Southern c o m ______ 50 d 124 87 P re fe rre d _____ __________ 50 d 124 5.1 0 % Alabama & V ic k s b u r g _____ 100 11634 9734 A lbany & Susquehanna (guar) 100 209 Allegheny & West (gu ar)_____ 100 108 Ann A rbor com m on _____ 100 / 20 4434 Preferred _______________ io o 6934 90 9034 A tch T op & Santa F e_________100 17034 P re fe rre d ____ ________ ..____ 100 92% 100 9334 Atlanta Birm & A tlantic i nn 34 Atlan & Char Air L (gu ar)____ 100 180 Atlanta & West P oint 100 91 90 170 63 7634 A tlantic Coast L C o o f C onn _ _ 50 21834 42 205 4234 A tlantic C oast L R R co m ____ 100 Rights (expire Jan 20) ___ d 1734 A tlantic 1st leased lines rent tr 1st ry & land gr 4s g 1947- J&J Id 72 94 % 95 C on v 4s 1927^___- _______J&J 100 9934 Augusta & Savannah (gu ar)_100 9934 Balt & Ohio— C om m on inn 91% 92 1st & ref 4s June 2008 ___M & S 10734 P re fe rre d _____________ IOO 109 1st & re f 5s June 2 2008___M & S 7334 10834 102 10-year 6s July 1928______ J&J 10234 Bangor A roostook com m on ___50 d 45 Preferred . . _ 100 E q tr 4 34s 1928-38 (y r ). _ _M&N 64.75% 4.60% 103 E q 434s M ar 15 ’2 9 -’39 M&S15 64.75% 4.60% Beech Creek (guar N Y C ) ____ 50 d 40 E qu ip tr 5s 1927-’37 (yr)._M & S 64.75% 4.60% Boston & A lb (guar N Y O )___100 17134 E qu ip tr 7s 1927-’35 (yr) J& D 64.90% 4.70% B oston & M aine com (stpd) -100 5234 Preferred unstamped . . 100 Ore R R & N a v— See Ore-Wash 6134 1st preferred A unstamped 100 x 7534 Ore Short Line 1st 5s 1946-J&J 110 10734 1st preferred B unstam ped-100 x 117 1st cons guar 5s 1 9 4 6 -- J&J 10734 10734 1st preferred C unstam ped-100 x 103 R e f g gu 4s ’29 op t ’07 -J& D 9834 9834 Utah & N orthern— 1st preferred D unstam ped-100 x 150 1st preferred E unstam ped.100 x 52 1st 7s ’08 ext at 4 % to ’33 J&J 9834 9634 3ost & P rov (guar Old C o l)___100 x 200 Union Term inal C o (D allas)— Boston R e v Beach & L y n n ___100 1st g 5s 1942 op t 1922 - A&O 101 10034 Brunswick Ter & R y Sec C o . -100 United N J R R & Canal C o— 1434 Buffalo R och & P ittsburgh___100 General gold 4s 1929 ___M & S 80 9834 Preferred _________________ 100 General gold 4s 1944 ___M&S 94 97 Buff & Susq R R C o rp ________100 Gen 1st g 334s M ar 1 ’5 1 . M&S 85 41 Preferred _________ if)0 Upper C oos— See M aine Central 40 Camden & Burl C o (gu ar)____ 25 d 29 Utah & N orthern— See U nion Pac Canada Southern___________ 100 Utica Clin & Bing— See D el & H 59 * Canadian P a cific__________ 100 Vandalia R R — 167 Preferred . ________ 100 Id 7534 C ong 4s 1955 series A . . _F&A 92 94 CaroClinchfield &Ohio com 3% 100 Series B 1957 --------------M & N 92 8434 Comm on stam ped 5 % . .100 Vera Cruz & P acific R R — 99 Oatawissa R R — 1st pref (guar) 50 d 4434 1st gold 434s 1934 o p t ____ J&J f . . . . 2d pref (guar P & R ) __ __ 56 d 44 2334 / 18 Cayuga & Susq (gu D L & W ) 30 d 47 1st gold 454s 1934 assenting. . / ____ Central o f N ew Jersey___ 100 Verm ont Vail 1st 434s 1940 A&O 88 285 Chesapeake & Ohio com m on 100 Vicksburg Shreveport & P acific— 16234 C om m on ctfs o f deposit____ 100 Pr lien 6s ’ 15 ext 5 % ’4 0 --M & N 101 Gen 5s M a y 1 1 9 4 1 _____ M&N 634 % cum p ref Ser A ______ 100 99 160 R e f & im pt 6s 1973 ser A M & N 634 % pref ctfs o f deposit___100 10634 Chicago & A lton R R _________ 100 Virginia M idlan d— See South R y 434 Certificates o f d ep osit_____ Va & Southwest— See South R v 100 Virginian R ailw ay— Preferred ________ __ . . 7 Certificates o f dep osit_____ 1st M gold 5s 1962 o p t . . M&N 103 10354 E q 6sA A pr’27-A p r’30(s-a) A&O 6 5% 4.7 5 % Chicago Burl & QuincV____ -100 205 Chic & E ast Illinois com m on 100 W abash— 1st gold 5s 1939 M&N 103 108 30 ____ 100 Preferred _ 2d gold 5s 1939 . F&A 43 10134 10034 Chicago Great W est c o m ____ 100 D eb m tge 6s series B 1939 J&J / ____ 834 Preferred 1O f) 1st lien term gold 4s 1954. J&J 9434 2434 Chic Ind & L ouisv co m m o n ___100 R ef & gen 5 54s 1975 A ____ M&S 104 10334 Preferred ___ 100 R e f & gen 5s 1976 ser B F&A 9734 9734 E q tr 6 s 1927-’35 (year) J&J15 65.30% 5 .10% Chicago M ilw & St Paul c o m . 100 934 C om m on ctfs o f dep osit___100 D et & C hic ext 1 st g 5s ’41 J&J 10334 934 Preferred . . . _ 100 Des M D iv 1st g 4s 1939 -J& J 8934 19 8834 K C Excelsior Spgs & N W — Preferred ctfs o f deposit _ 100 19 Chicago & N orth W estern___100 1st 4s 1928 ____ _______J&J 99 81 95 _________ __ 100 123 Preferred T oled o & C hic 4s g 1 9 4 1 .-M&S 91 Chic R I & P a cific com m on ___100 Omaha D iv 1st 354s g ’41 A&O 8334 6834 7 % preferred_______________ 100 W aco & N W— See H ous & T ex C 10234 Warren R R — See D L & W 6 % p r e f e r r e d - ______ ______100 9434 Chicago St Paul M inn & O ___100 Wash & C olum R iv 4s 1935 J&J 52 Preferred ___ ____ _______ 100 W ashington Cent— See N or P ac 110 W ash C o R y — See M aine Centra] line Indianap & W e s te r n ....1 0 0 W ash Term C o— 334s 1 9 4 5 --F & A Preferred _ . ____ __ .100 8634 8534 1st gold 4s 1945 guar .F & A Cine New Orl & Texas P a c ific . 100 350 9234 W ashington & Vandemere— P re fe rre d ____ __________ ..1 0 0 103 1st 434s 1947_____________ F&A 9634 Cine Sandusky & C leve p re f. _ 50 d 61 9434 W eath’d M in W & N — See T ex& P Cleve Cine Chicago & St L ___100 250 W est Jersey & Sea Shore— Preferred ____ ____ . 100 100 Cleve & Pitts (guar Pa R R ) — 50 d 71 Consol gold 4s 1936___- J&J 95 Cons 334s g series B 1 9 3 6 --J& J B etterm ’t stk (guar Pa R R ) 50 d 4034 91 W est M aryland 4s 1952 ____ A&O 84 7634 Colorado & Southern_________100 7634 5 % gold notes 1915 o p t ___J&J 1 st preferred_______________ 100 71 B alt & Harris g 5s 1936___M & N 2 d p r e fe r r e d _______________ 16 6 99 66 1st M W est E xt g 5s ’38 M&N Columbus & X en ia (gu ar)____ 50 d 91 W est N Y & Penna 5s 1 9 3 7 --J& J Conn & Pass R iv p re f_____ 100 103 98 10134 Gen m tge gold 4s 1943____ A&O 88 8834 Consol R R s o f Cuba com v t c (t) d 35 Incom e g 5s A pr 1943____ N o v 1 / ____ Preferred _______________.1 0 0 70 Western P acific R R C orp— Cripple Creek C entral_______ 100 4 ___________________ Preferred 1st M 5s 1946 series A ____ M&S 19 9934 9934 1st M 6 s 1946 series B ____ M&S Cuba R R preferred__________ 100 104 80 10334 4 % notes 1930 __________ A&O 95 9534 Dayton & M ich com (gu ar)___50 d 36 E q tr 534s 1927-38 ( y r ) ...J & D 65.10% 4.8 0 % Preferred (guar C A & D )_ _ 50 d 84 Western Pa— 1st g 4s 1 9 2 8 --J & D Delaware & B ound Br (guar) .100 99 98 160 W est R y o f Ala— 454s 1918 ext at Delaware & H udson__________ 100 17234 6 % to O ct. 1 1928_______ A&O Delaware Lack & W estern___50 d 14434 W est Shore— See N Y C & H R R R Delaware _____ ______________ 25 d 40 West Side Belt— See Pitts Term Denv & R io Gr W p ref_______ 100 4134 West Va & Pittsb— See B & O Jetroit Hills & S W (gu ar)___100 78 Detroit & Mackinac__________ 100 34 Preferred . . _______________100 55 Juluth South Shore & A tl____ 100 234 Preferred__________________ 100 4 k Last sale. I In London, m Dollars per 600 francs or £20. n Nominal, 97 s Sale price. 83 7434 10034 99 9034 126 126 118 212 111 17034 102 34 184 185 206 1714 75 108 7334 4534 10334 42 17234 205 1434 82 42 45 31 61 16734 7734 8534 100 4534 45 H 49 292 16334 534 734 32 44 834 2434 934 934 1934 1934 8134 126 6934 104 9534 60 370 275 110 87 72 68 100 45 7034 434 21 82 37 86 174 146 4134 4134 80 60 3 6 Ja n . 1927 ] , BATLEOAD STOCKS—LAND BANK BONDS AND STOCKS 35 NOTICE.— All bond prices are "and interest” except where marked * f” and Income and defaulted bonds. Stocks. Par, Bid Ask. Bonds and Stocks. x 6 Basis, d Price per share, not per cent. Ex-dividend. 1/ Ex-rights. /F l a t price. k Last sale. Bid. Par 61 Roch & Genesee Val R R ______100 East Penna (guar P & R ) _____ 50'd 59 43 Rome & Clinton (gu D & H )__lOO 40 Elmira & W ’m sport (gu ar)___50 d 57 Rutland preferred_____________ 100 Preferred (guar N or C e n t ). 50 3 9% Brie— C om m on _______________ 100 4034 St Louis Bridge 1st pref_______ 106 2d preferred________________ 100 C om m on ctfs o f deposit____ 100 53 % 1st preferred_______________ 100 5334 St Louis-San Francisco R y ___100 Prof stock series A _________ lOO 1st pref ctfs o f deposit_____ 100 4 9% 2d preferred_________ 100 4934 St Louis Southwestern________ 100 Preferred___________________ 100 2d pref c t f o f d eposit______ 100 81* Saratoga & Schenectady (gu) _ 100 79' Erie & Kalam azoo (gu ar)_____ 50 d 63 Seaboard Air Line common___ 100 64 Erie & Pitts (guar Pa R R ) ____ 50 d 8 Preferred___________________ 100 Fonda Johns & G lov c o m ____ 100 5 63 Sharon_________________________ 50 60 P referred___________________ 100 Ft D odge Des M & So c o m ___100 Southern Pacific Co__________ lOO 4 Southern Ry common________ 100 P referred ___________________ 100 15 Preferred___________________ lOO 111 Ft W ayne & Jack pref (g u a r ).100 109 Mob & Ohio stk tr c t f s ____ lOO Georgia R R & Bank Co (gu ) ..1 0 0 212 Georgia Southern & F lo r id a ..1 0 0 140 Southwestern of Ga (guar)___ 100 96 Texas & Pacific_______________ 100 1st preferred________________100 92 Troy & Gr'bush (gu N Y C ) . . 50 2d preferred________________ 100 140 175 80% Great Northern R y — P ref___ 100 8034 Tunnel RR of St Louis______ l60 19% Union Pacific— Common_____ l66 Ore certificates______ (no par) d 1934 87 83 Green B ay & W estern________ 100 Preferred___________________ 100 36 % United N J RR & Canal (gu)-106 G u lf M ob ile & N orth c o m ____ 100 36 Utica Chen & Susq Val (gu).lOO 106 P referred ___________________100 104 Utica Clinton & Binghamton .100 29 26 Hartford & C onn W estern____ 100 Valley RR (N Y) (guar)_____ 100 200 Hocking Valley— C om m on ___100 225 Vermont & Mass (guar)_____ 100 Certificates o f deposit_____ 100 41" Vicksb Shrevep & Pac com___ lOO Hudson & M anhattan_______ 100 4014 Preferred__________________ 100 P referred ___________________100 78 80 Virginian Railway___________ 100 Huntingd & Broad T op v t c . . 50 d Wabash Railway______________100 Preferred v t c _______________ 50 d 123 Preferred A ________________ lOO Illinois C entral_______________ 100 122 Preferred B ________________ l60 125. N o n -cu m u l6 % pref Ser A ..1 0 0 121 83 Leased lines (guar)_________ 100 78 34 Warren N J (guar D L & W )__50 Western Maryland Ry c o m ..l0 6 Stk tr ctfs— See R R Securs C o . 1st preferred_______________lOO Int & Great N orth R y v t c ___100 2d preferred________________ 100 25 Internat R ys (Cent Am ) c o m . 100 24 Western Pacific RR C o rp .___ 106 67 Preferred___________________100 6334 Preferred__________________ 100 Iowa C entral_________________ 100 134 West Jersey & Sea Sh— C o m ..5 0 Joliet & C hic (guar C & A ) ___100 135 Wheeling & Lake Erie R y____ 100 Kal Allegan & Gr R ap (g u )___100 104 Prior lien stock 7 % ________ 100 K O Ft S cott & M em phis R y— Preferred___________________ 100 P ref C ent Tr c t f dep s t p d _ .100 75 K O St L & C hic— Pref ( g u ) .. 100 105 JOINT ST O CK LAND BA 43 Kansas C ity Southern________100 4334 Preferred__________________ 100 z64% 6634 Agricultural— 5s ’53 op ’33.M & N Atlanta— 5s 1952 op 1 9 3 2 ..J&D 83 Lackawanna R R o f N J _____ 100 81 5s 1955 opt 1935_________ M&N Lehigh V a lle y ...........................50 d 100 101 Preferred__________________ 50 d 100 5s 1956 opt 1936_________ M &S Little M iam i original gu ar___50 d 93 Atlantic— 5s 1953 op 1 9 3 3 .-M&S Spec guar betterm ent s t k . . 50 d 41 5s 1952 opt 1932__________ M&S 6s 1954 op 1934..................... J&J 43 Lit Schuyl N a v R R & Coal (gu) 50 d 41 5s 1955 opt 1935_________ J&D Louis & M o R iv pref (g u a r ).. 100 105 Bankers— 5s '53 op ’28____ J&J 265' Louisv Hend & St L co m ___ 100 175 5s M ay 1952 op 1932____ M&N 91 Preferred__________________ 100 88 133 434s 1955 opt 1935________J&J Louisville & N ashville_______ 100 13034 California— 5s 1951 op 1931.M&N M ahoning C oal R R _________ 50 d 825 52" Central 111— 5s '53 op ’33 ___J&D P ref (guar L S & M S )..........50 d 49 M aine C entral________________ 100 53 5s July 1 1953 op 1 9 3 3 ...J & J 5334 Central Iowa— 5s 1953 op’33 A&O 80 77 Preferred___________________ 100 M ichigan C entral____________100 1000 5s May 1 1942 op 1927..M & N 1600 M inehill & Schuyl H av ( g u ) .. 50 d 53 434s Nov 1 ’52 op ’32____ M &N Minneapolis & St Louis______100 1 "I % Chicago Joint 5 34s '51 op'31M&N 27 5s 1951 op 1931................... M&N Minneapolis St P & S S M . . . 1 0 0 26 6s 1952 op 1932................... M&N 52 Preferred___________________ 100 4934 5s 1963 op 1933__________ M&N 60 5534 4 % leased line c t f s . . --------- 100 434s 1952 op 1 9 3 2 ............M & N Mississippi C entral____________100 1934 2134 M o-K an -T ex R R c o m ..( n o par) d 33 434s 1963 op 1933............ M&N 3334 Preferred___________________ 100 96 434s 1952 op 1932.......... M&N 9634 Missouri Pacific co m _________ 100 3834 434s 1964 opt 1 9 34...........M &N 3834 92 Preferred___________________ 100 434s 1965 op 1935_________ A&O 91 M obile & Birm pref (gu ar)____ 100 77 Oolo-Wyo 5s '53 op ’33____ A&O 80 M obile & Ohio— See Southern R y Columbus 6s 1955 opt 1935_ I&J _ Morris & Essex (guar)______ 50 d 80 8134 Dallas— 5s 1953 op 1933— M&S Nashv C hatt & St L ouis____ 100 160 5s 1954 opt 1 9 3 4 ................... .. 180 5s 1963 opt 1933 ........................... Nashv & Decatur (gu L & N ) . 25 d 38 40 N ational R ys o f M ex 1st p re f. 100 434 5s 1965 opt 1 9 3 5 .............. J&J 534 5s 1966 opt 1936__________ J&.l 1% Second preferred__________ 100 2 New London N orthern______ 100 131 5s 1966 opt 1936_________ A&O ____ New Orleans Great N orth____100 534s 1951 op 1 9 3 1 .............M&N New Orl Texas & M e x ico ____100 121 Dayton-Agric 5s ’54 op '3 4 ___J&J 126 N Y Bkln & M an B pref (g u ). 100 100 Dayton— 1952 opt 1932____ J&D New Y ork Central R R ______ 100 14334 14334 Denver— 5s 1954 opt 1934..J& D D ividend payable in L o n d o n .. M147 5s 1955 opt 1935__________ F&A 149 190 N Y Chic & St Louis co m ____ 100 191 5s 1956 opt 1936_________ F&A C om m on ctfs o f deposit___ 100 ____ Des Moines— 5s '52 opt ’32.M & N 6 % preferred______________ 100 103 5s 1963 opt 1933_________ M&N 10334 6 % pref ctfs o f deposit_____100 ____ First Carolinas— 5s’52op'32.M&N N Y & Harlem com & p f (gu) . 5 0 d 175 5s 1954 opt 1934________ A&O 182" N Y L ack & W est (guar)___ .100 103 5s 1955 opt 1935__________ J&J N Y N ew Haven & H artf___ .100 43 First of Ohey— 5s’52 op’32 M&N 4234 N Y Ontario & W estern____ 100 24% 2434 First of Clev— 5s '53 op ’33.M & N 100 37% 3934 First of Minn— 5s ’51 op ’31 M &N Kill 159 6s 1952 opt 1927............ .M & N 15934 100 86 6s 1952 opt 1932.............. M&N 84 N o Carolina (guar So R R ) ___ 100 140 5s 1953 opt 1 9 3 3 ............ .M &N N orthern C ent (guar Pa R R ) . 50 d 8034 534? 1951 opt 1931_______M &N 100 X 97 First of Montgomery 5s '54 op ’34 100 X 78 34 78% 5s 1966 opt 1936_________ A&O 67 70 First New Orl 5s '44 op '34 M &N .100 d 120 First Texas— 5s '42 opt '32-M &N 50 d 82 83 5s 1943 opt 1933________M&N .10(1 x 124 5s 1965 opt 1935................. .M&S 5s 1966 opt 1936_________ A&O .100 d 82 Fletcher 434 s 1954 opt 1934 M&N .100 X 122 .100 Ml 15 119 434s 1955 opt 1935______ M&N 50 d 90 92 Fremont— 5s 1953 opt ’33.J& D 62 50 d 59 5s 1952 opt 1 9 3 2 .............M&N Pennsylvania R R _ 50 d 56% 4 34s 1965 opt 1935______ J&D 5634 100 119 123 Greensboro(NO)5s’53 op '33 A&O 21 Greenbrier 5s 1964 opt 1934.A & O 19 100 100 114 116 5s 1965 opt 1935___________ J&J 100 Ill-Midwest— 5s ’53 op ’3 3 .A & 0 100 6s 1954 opt 1934.......... ..J & D 89 9034 100 5s 1955 opt 1 9 3 5 ............. M&N Prior preferred. 93 434s 1956 opt 1936______ M &N 95 100 Iowa 434s 1955 opt 1935____ A&O 100 Phila Germ & Norris (guar). 50 d 123 Kansas City— 5s ’52 op '32.M & N 100 210 212 5s 1953 opt 1923..............M&N 50 d 3034 5s 1954 opt 1 9 34................F&A 3134 50 d 61 5s 1964 opt 1934..............M&N Pitts Cine C hic & St L ouis. 100 6s 1964 opt 1934— ..........M&N 95 100 141 144 4 34s 1965 opt 1935______ A&O 100 150 Kentucky— 5s '52 opt ’32___M&N 50 168 5s 1943 opt 1928__________ F&A 16934 50 d 51 5s 1954 opt 1934________J&J 135 Liberty Cent— 5s '52 op ’3 2 .M&N 100 133 100 143 5s 1953 opt 1933_________ M&N P rov & W orcester (gu ar). Lincoln— 5s 1951 opt 1931. M&N 100 X 156 — Railroad Securities C o— 5s 1943 opt 1928..............M&N 000 X 7334 76 5s 1942 opt 1927..............M&N 50 d 96 96% 434s 1965 opt 1935________J&J 50 d 4034 41% 4 34 s 1966 opt 1936________ J&J 50 d 44 Louisville— 5s 1952 opt 1932M&N 45 100 125 Maryland-Va 5s ’55 opt '3 5 .M & N 100 290 5s 1956 opt 1936_________ J&D 100 290 300 New York 6s 1953 opt 1933. J&J 100 290 5s 1955 opt 1935— .............J&J guaranteed. 100 290 — 5s 1956 opt 1936.................M &N 100 95 43 116 56 102 96 6234 7534 100 36% 41 43 110% 126% 9534 80 100 55 60 116 16134 8034 208 118 42 100 10634 9734 98% 114 4134 75% 60 6934 13% 96 2334 2 8% 7334 40 2734 142 4734 IK BO 10034 101 101 10 1% 100 100 100% 100 100 100% 9934 9934 99 100 98 98 96 101 100 99% 98 98 99 9634 9634 98 100 101 10034 10034 100% 101 10134 101 10134 10034 100 100 100 100 99 100 100 100 100 100 100 95 95 95 95 95 10034 101 100 100 100 100 100 100 100 99 99 98 100 10034 10034 100 100 100 9834 98 99 99 99 99 99 99 100 100 10034 9934 9934 100 99% 99% 99 99% 101 101 101 10034 10034 10034 In London, A sk. B o n d s a n d S to c k s . Bid. | A sk. N Y & N J 5 S 1953 op t ’3 3 . . J&D 10134 10334 5s 1954 o p t 1 9 3 4 ............. M & N 102 1 104 100 102% j 104% 5s 1955 op t 1 9 3 5 . . . .........J& D 49 102 I 104% 5s 1956 o p t 1936________ J& D 118 102 N Y & Pa— 5s ’53 op t ’3 3 . . . J&J 100 59 102 10234 N o Caro— 5s '53 op t '3 3 ____ M&S 100 5s 1952 op t 1932............. M & N 100 10134 9734 5s 1955 opt 1935________ F&A 63 10034 10234 99 102 7734 Ohio— 5s 1953 opt 1 9 3 3 ... M&N 103% Ohio-Penna 5s 1954 op t 193 4 .J&J 101 99 102 3 7 " Ore-Wash— 5s '52 op t ’3 2 . -M & N P acific C oast Jt Stk Land B k— 44 102% Portland, Ore— 5s’53op ’33 J&J 10034 6 s 1954 op t 1934_____ M & N 102% 110% 10134 5s 1955 op t 1935______ M&N 10134 103 12634 5s 1956 op t 1936________ J&J 101% 103% 95% Los Angeles— 5s ’53 op '33 J&J 99 101 81 San Fran— 5s ’53 opt '3 3 ___J&J 99 101 102 San Fran 5s ’64 op t ’3 4 . . M&S 99 101 55% Salt Lake O— 5s '53 o p ’3 3 .J&J 99 101 Pennsylvania 5s ’55 op t ’35 - F&A 101 103 119 5s 1966 opt 1936_________A&O 101 103 16234 P otom ac 5s 1954 op t 1 9 3 4 ..J& D 103 81 10034 5s 1956 o p t 1936__________ J& D 102 103% 210 St Louis— 5s 1953 op t ’3 3 . -J & D 99 102 120 5s 1952 op t 1932.............. M & N 99 102 44 5s 1943 op t 1 9 2 8 ............J & D 99 102 5s 1955 o p t 1 9 3 5 ............. M&S 99 102 4 % s 1956 op t 1936________J&J 98 102 100 San A ntonio 5s ’53 opt ’33 M &N 99 103 5s 1953 opt 1933.............M & N 99 103 120 5s 1954 op t 1934_________ M & N 103 41% 99 5s 1956 o p t 1936__________ J&J 99 103 75% 68 Shenandoah Val 5s ’45 o p ’35 J& D 100 102% South M inn— 5s ’53 op '3 3 .M & N 71 95 100 5s 1952 opt 1932________M &N 95 100 1334 5s 1964 op t 1934................ M & N 101 95 100 Southwest 5s 1956 op t 1936.M & N 100 103 24 30 Union (D etrolt)5s '55 o p t ’35M &N 101 104 5s 1956 o p t 1936___________ J&J 76 101 104 41 414s 1955 opt 1935_________J&J 99% 101% 4 J4s 1956 op t 1936_________ J&J 28 101% 99% 148 Union (K en tu cky & Tennessee)— 5s 1952 op t 1932________ M & N 47% 99 10134 Virginia-Oaro 5s ’54 opt '3 4 .F & A 103% 10134 NDS 5s 1956 op t 1936__________ F&A 101 103 102 Virginian— 5s '53 opt ’3 3 . -M & N 99 102 102 5s N o v 1 1951 op t 1 9 3 1 .-M & N 100 10134 102% W ichita— 5s 1953 op t 1933. F& A 98 102 103 5s 1952 op t 1932__________ J&D 98 102 STOCKS Par 10134 102 , A tlantic 8 % _____________________ 130 140 102 I Bankers o f M ilw aukee_______166 25 30 102 j Chicago 6 % ___________________ 100 x85 90 101 1 Dallas 1 0 % ___________________ 100 xl25 130 110 120 10234 D enver 8 % ______________________ Des M o in e s ___________________ lOO 101 50 60 First Carolinas 8 % ________ I 100 101 110 Freem ont 9 % ________________ I 87 101 93 102 Kansas C i t y __________________100 72 77 Lincoln 9 % ----------------------------- 100 113 100 120 N ew Y o r k _____________________ i o 100 13 16 98 N ew Y ork & N . J _________ IIlOO 105 120 103 N orth Carolina 8 % ____________ 135 145 101% San A ntonio 8 % _________________ 100 108 South M in n e so ta _____________ 100 101 42 47 . 5 d5% 10034 Virginia 10% 6 101 BEAL E STATE B O N D S. 101 Allerton Cleve B ldg 614 s 1945___ 95 97 100 Allerton 55th St C o rp (N Y )5 3 4s’45 95 97 Belm ont B ldg (N Y ) 614s ’4 4 .F&A 100 100 9834 B iltm ore-C om m odore 7s ’34.M & S 100 101 10134 Bing & Bing deb 634s 1950. M&S 102 9 3% 94 102 Broadway B ldg (N Y ) 534s 1950. 102 Bw ay M o t B ldg (N Y ) 6s’48.F& A 100 9834 102 Bryant Pk Bldg (N Y ) 634s’45J&J 92 % 10234 Bush Term B ldg 1st 5s I 9 6 0 .A&O 10034 10034 103 Chesebrough B ldg 6 s 1 9 4 8 .-A & O 98 98% 10334 Chic Beach H otel 6 s 1941___J&D 9734 100 103 Court Sq B ldg (N Y ) 6 s ’5 8 . .M & N 99 9734 D etroit Hotel 634s 1929-41 .M &S 10334 98 100 102 D et M etrop Bldg 634s 1940.M &S 102 Edgew B ch H otel(C h ic) 6 s ’2 7 -’40 lO O " 101 103 Eppley Hotels 634s 1941_____ J&J 99 100 103 Equit Office B ldg (N Y ) 5s 1 9 5 2 .. 86 % 8734 103 Ferry Sta P O (San Fr) 6 s 1934. . 100 102 97 10134 50 B w ay B ldg (N Y ) 6 s ’46.M & S 98 102 Garrett B ldg (Chic) 514s 1927-40 102 Greeley Sq B ldg 6s 1950____ F& A 93" 99" 102 Harriman B ldg 6 s 1958____ J&J 99 101 102 Jewelers B ldg (Chic) 7s ’4 0 . J& D 96 100 102 Lake Sh A th Club (Chic) 634 s ’45 95 96 102 La Salle H otel 534s 1940_________ 9734 L oew ’s N ew Brd Prop 6s’4 5 .J & D 100 96 97” Lond Gu & A cc B ldg (Chic) 6 s ’62 10134 100 100 Lords C ourt B ldg 534s 1942.J& D 98 99" 100 M ack Trucks R E Sec 6 s 1927-40. 9934 M ad Sq Garden 1st 7s 1945.M&N 104 100 108" 95 10234 M aster Printers B ldg 634 s ’4 6 .J&J 9634 103 M orrisonH otel(C hic) 634s’39 A&O 98% 99 102 Munson B ldg (N Y ) 6 % s ’39.M &N 100% 102% 102 N at Press B ldg (W ash, D C ) 6s’59 10034 10134 One E 55th St C orp 634s ’4 5 . J&D 102 102 One-sixty five B roadw ay B ldg 103 534s 1951________________ F& A 96 99 102 O ne-Seventy B w ay (N Y ) 634 s ’49 98 100 102 Palace H otel(San Fr) 5s ’4 5 .F & A 99 9934 100% Param B w ay C orp 534s’5 1 ..J & J 97 % 98 100% Park Lexington C o 634s ’5 3 ..J& J 93% 94 98% 9934 Park R ow B ldg 6 s 1943_____ A&O 10034 102 Pennsylvania B ldg 6 s 1 9 3 9 ..M & N 95 97 103 Plaza O ffice B ldg 1st 6 34s ’46 M & N 100 103 Postum B ldg 634s 1943____ M & N 99" 101 103 Quincy Station P O (C hic) 6 s 1941 100 102 103 R ealty Assoc Sec C orp 6 s ’3 7 .J&J 100 9734 103 R oosevelt H otel 7s 1943____ J& D 100 102 St Charles H otel (A tl C y) 634 s ’45 101 95 100 Savoy-Plaza C orp 6 s 1 9 4 5 ..J & D 101 100 9834 102 Schulte R E Estate 6 s 1935.J& D 9834 9934 102 Sevilla-Bilt H otel 734s’3 7 ..M & N 100 102 102 Shelburn ,In c(A tlC y)6 34 s’40 _ J&J 99 100 102 Shubert Theat 7s ’34 (with w arr). 112 114 Sixty-One Bw ay 534s 1 9 5 0 --A & O 102 99 9934 Gen m tge 7s 1945_____________ 102 9734 97% 101 10234 Stanley Real Est 534s ’4 5 . .J & D 102 10234 State R andolph Bid 634s’37 M&S 10134 10234 Stevens H otel (C hic) 6 s 194 5 .J&J 99 % 10234 100 10034 T a ft R ealty (N ew H av) 6s’4 0A & 0 100 9834 10034 T ransp’n B ld g(C h ic)634s’ 41M & N 99 9734 100% Trinity B ldg 534s 1939_____ J& D 102 10334 100% Tyler B ldg 6 s 1953_________ A& O 96 98 100% Un M asonic T em p (Ch) 634s 1949 98 99 Van Sweringen C o 6 s 1935..F & A 100 Varick St Sta P O (N Y ) 6 s 1941 lO O " 100 102" 103 W ab-M on roe B ldg (C hic) 634s ’45 100 102 103 W adsworth B ld g (N Y ) 6 s ’5 3 .A & 0 100 98 X 103 W ardman Park H otel 534s 1 9 4 1 .. 99 100 10334 W ashington B ldg 6s 1940___J& D 98 100 10334 W hite M otor R ealty 6s 192 7 -4 0.101 9934 103 34 j W oodbridge B ldg 534s ’4 1 ..A & 0 99 101 __ n Nominal, s Sale price. (New stock, u Ex-stock dividend. 36 PUBLIC UTILITIES U ncladei street and electric railways, gas, electric, pow er, water and telegraph and telephone com panies.) N O T IC E .— A ll b o n d p r ic e s a re " a n d I n t e r e s t " e x c e p t w h e re m a rk e d “ t ” a n d In co m e a n d d e fa u lt e d b o n d s B on d s. Adirondack E lec Power C orp 1st M gold 5s 1962 o p t ____J&J Adirondack P & L 1st 6s ’ 50 M&S 1st & ref 5 34s 1950______ M&S D eb 5s 1930 - J&J O onv deb 6s 1929_______ A&O 1st & ref 5s 1956- ............J&J Alabama Pow er 1st 5s 1946-M & e 1st M 1 & ref 6s 1951_____ J&D 1st & ref 5s 1951__________ J&D 1st & ref 5s 1956_________M & N Alabama Water 1st 6s 1932-J&J 1st ref 6s 1947 . - - --J & J Albany R y — See United T rac. Alleg B ellev & P — See Phlla C o Altoona & Logan Val Elec R y — Oon g 434s 1933 g u ____ F&A16 American Gas deb 6s 2 0 1 6 --J&J Am Gas & El coll 5s 2 0 0 7 -- F&A D eb gold 6s 2014 ______ M&N a m Pow & L deb 6s 2016___M&S Amer Pub Serv 6s 1942____ J&D 1st 1 5s 1942 Ser O _______ J&D A mer R ys coll tr 5s 1931____ F&A Amer Telep & Teleg 4s 1929-J& J O onv g 4s ’36 con v aft ’09-M &S Oonv 414s '33 od aft '2 5 - -M&S Ooll trust 5s 1§46_______ J&D Deb s f 5s 1960...............-.J & J D eb 514s N ov 1 1 9 4 3 ---M & N Amer W W & El 5s 1934_ A&O _ D eb g 6s 1975 Ser A _____ M&N Americus Ltg 1st s f 6s '3 7 -A&O Ana & P ot R R R — See W R y& E l Appalachian Elec Pow er— 1st & ref 5s 1956_________M&N Appalachian Power 5 sl9 4 lJ & L 7 % gold bonds 1936____ F&A D eb gold 6s 2024............J&J Arlxona Pow 6s '33 op t '13-M & N 1st 1 & unlf 6s 1947 ser A-M & N Arkansas & M issouri Power— 1st m tge 6s 1953_________J&J D eb 614s 1935- - - _ _ M&N Arkansas Power & Light— 1st & ref 5s 1 95 6 -- - A&O Ardmore St R y — See Phila Oo Arkansas W ater C o— 1st M 5s 1956 series A ____ A&O Ashland (W ls) L & Pow St Ry 1st M gold 5s 1939_______ J&J Ashtabula Water Supply Co 1st 5s 1937 - .........J& D Associated Electric C o— C onv 5 34s 1946- -.-A & O Associated Gas & Elec Oo— Sec g 6s 1955________ — J&J Deb 614s ser A p erp etu a l..Q -J Deb 614s ser B perpetual--Q -J D eb 634s ser C p erpetual--Q -J Atcblson R y . Light & Power— 1st 5s N ov 1935 ------------M &N Athens (G a) R y & E lectric— Athens E lec R y 6s 1 93 1 --A & O Atl Cons St R R — See Ga R y & E) Atlanta Gas L 5s g 1947------ J&D Atlanta N or R y — See Ga R y & El Atlantic A ve R R — See Bkn R T Atlantic C ity E l 5s 1938___M&S 1st & ref 534s 1954______ M&N Bid. 10034 10534 10334 97 103 100 10034 10434 9834 98 101 100 84 106 99 10134 101 10134 94 96 9834 9334 99 10234 101 10534 9734 9934 90 9534 10034 uo $8 34 10134 97 96 97 9534 9434 98 95 9734 103 10234 9934 99 34 94 10434 103 10134 101 10234 98 Atlantic C ity (N J) Gas— 1st g 5s Jan 1 '60 op t '2 0 - -J&J 9734 Auburn & Syracuse E lec R R — 8 1st & ref g 5s '42 op t '1 2 - -A & O / Augusta-Aiken R y & El C orp— 92 Sink fd g 5s D ec 1 '35 op t - J&D 95 Augusta R y & El 5s '4 0 - -J & D Aurora Elgin & Chicago RR— 1st & ref g 5s 1946 o p t . ..J & J 99 A E & C Ry 1st g 5s '41 - A&O 15 Balt & Ann 8 L — See M d El R y B Sp P t & Ches— See Un R y & El Balt Traction— See Un R y & El 112 Bangor H yd ro E lec 5 3 4 s'49 M & S Bangor (M e) Pow 5s 1931--M & S 9834 97 Bangor R y & El 1st 5s '3 5 - J&J' 10034 Bay C ounties Pow 5s 1930- -M & S 100 J4 Beaumont G L 6s 1944 --J & D 20 Beaver Val Tr gen g 5s '5 3 -M & N Bell Telephone o f C anada— 101M 1st g 5s 1955 ser A _______ M&S Bell Telep C o o f Pennsylvania— 1st & ref 5s 1948 ser B ____J&J 10334 104 1st & ref 5s 1960 Ser C _ - A&O 1st g 5s 1937____________ M&S Benton H arbor-St Jos R y & Ltg R ef 5s 1939 - _M & N 1st con 5s 1935- ___ --M & N Berlin E lec E lev & Underg R ys— 1st m tge s f 634s 1956____ A&O Bingham ton (N Y ) Gas W orks 1st 5s 1 9 3 8 --...................... A&O Bingham ton (N Y ) L H & P — 1st ref 5s Feb 1946______ A&O B ingham t’n R y 5s '31 op ’ l l M&N Birmingham E lec Oo— 1st & ref 6s 1954_________A&O Birm K n ox & A tl— See Phlla Oo Birmingham R y Light & Pow er— Gen ref g 434s ’ 5 i op '0 9 - -A & O Birmingham W ater W orks Oo— 1st M 534s 1954 ser A ____ A&O 1st m 5s 1954 ser B ______ J&D Blackstone Val G & E 5s '39 J&J M tge & col tr 5s '51 ser A A&O Bleecker St& FulFy— See N Y R y s Blue Lakes W at 1st 6s '3 8 . -M&S 3 oston E lev R y 4s 1935___M&N D eb g 434s O ct 1 1937___A& O D eb g 434s N o v 1941____ M & N D eb g 5s D ec 1942______ J&D West E nd St 5s 1932____ M &N 6s M a y 1 9 3 6 --.............. M&N 5s M arch 194 4 -............M&S 7s Sept 1947 - ..............M & S 434s July 1 1930............-J& J 4s Aug 1 1932................ .F & A 6 Ms Feb 1927_________ F&A B os & W ore St R y 434s ’2 3 --F & A Bridgeport Gas L t 4s 1 9 5 2 ..J & J B ridgeport H ydraulic O o— 1st M 5s 1 9 4 4 - - ............... J& D 9934 8634 9634 9934 9934 55 • 104 92 104 34 98 102 101 9134 9334 9234 9734 98 9734 9734 120 9634 93 100 12 89 102 /T h is price lnolades accrued Interest, A sk. B on d s. Bid. Ask. Broad R iver Power C o— 1st & ref 5s 1954 Ser A ..M & S 93 94 10134 10-yr s f 634s 1934____ ..M & N 102 104 10634 104 Bway & 7th A ve R R — S eeN Y Rye 98 104 Bronx G & E 5s 1960 - . ____ J&J 103 100 101 Brooklyn B orough Gas C o — 101 1st M 5s M ar 6 1938 - - - M&S 98J4 Gen & ref M 6s 1963 ____ A&C 107 105 34 9834 Bklyn C ity & New R R — See C 1 & Bk RR 96 95 9834 Bklyn C ity R R 1st 5s 1 94 1 --J&J 103 E q tr 5s '27-'35 ser A . J&J 15 b 5 3 i% 102 Brooklyn Edison O o— Gen M 5s ser A 1949_____ J&J 104 34 10434 Gen M 6s ser B 1930_____ J&J 104 10334 B klyn-M anhattan Transit C o r j s f 6s 1968 ser A _________J& J 8434 98 34 9834 10634 Brooklyn Rap Tran 5s '4 5 - -A&O ' 103 101 f 103 Equtt Trust ctfs o f deposit 1st ref gold 4s 2002 _____ J&J f 88 10234 101 34 3-year 7 % notes 1921------ J&J f 142 C ent Un T r tem p ctfs dep. f 142 10234 96 T em p ctfs dep stam ped . / 138 Bklyn Hts 1st 5s 1941____A&C 1 110 97 34 B rooklyn Queens Oo & Sub— 9834 94 1st M g 5s 1941 (stp d )--J & J 8034 1st con 5s July '4 1 (stp )M & 5 65 9934 6534 102y8 Bklyn Un Elev 5s 195 0 -- F&> 9434 95 95 1 0 1 34 Stamped guaranteed______ 9434 82 Kings C o El 1st 4s 1 9 4 9 ..F & J 8134 10534 98*4 82 Stam ped guaranteed_____ 8134 84 V 2 Nassau Elec 1st 5s 1 9 4 4 --A&C 8614 9934 105 1st gold 4s Jan 1 1951 J&J 6134 6134 A tlantic Av con 5s g '3 1 - -A&C' 9534 97 92 H B klyn Bath & W fiSs '33A & 0 91 10334 9534 Bklyn Un Gas 1st cons 5s g '45 M&N 10334 101 1st lien & ref 6s '47 ser A-M &N 113 34 112 161 C on v ,d e b 534s 1 9 3 6 -......... J&J 15934 99 Brownsville A ve— See Phlla Co 102 34 Buffalo C ity Gas g 5s 1947-A&C f ____ 98 B uff Gen Elec 1st 5s 1939 F&A 10234 10334 1st ref 5b April 1 1939- ..J & J 10234 103 34 102 Gen & ref 5i 1956 Ser A .-F & A 103 9934 100 Buff Niagara & East Pow Corp— C onv deb 5s 1930____ ._M"&S 9934 10034 96 B uff & N lag Falls El L & Power— 102 100 1st gold 5s 1942...............F & A Buffalo R y— See Internat R y — 96 97 9534 Burlington (V t) G L 5s 1955-J&J Burlington (la ) R y & Light— ____ 96 1st s f gold 5s 1932 o p t — M&S 9634 100 Butler W at C o s f 5s 1927___J&J 97 98 9634 5s Sept 2 1931- - - -M & S1 101 Butte E l& P 1st s f 5s '2 7 -’ 51 J&D 10034 9734 California E lectric Generating— 101 34 1st s f g 5s '48 op aft '1 2 -.M & 8 104 California Gas & E lec C orp— 104 101 Gen& col tr s f a 5s 1933-M&8 U nif & ref g 5s '37 op s f _M&N 10134 10134 10034 101 102 Cal C ent Gas & El 5s '3 1 -F & A 10034 Oallfornla-Oregon Power— 96 105 1st & ref 6s 1942 ser B__ -J&J 1st & ref 5 34s 1955 serlesO.F&A 10234 C onv s f deb 7s 1944 . M&N 106 Cal P ac R y — See P acific E lec Ry Calum et Gas & E lec C o— 102 103 1st & ref 5J4s 1960 ser B --J & J Calum et & South Chicago R y — 72 1st M rehab g 5s '27 op '12F&A 7234 102 Cam den & Sub R y — See P S C ore 103 34 99 / 64 Canal & Clalb R R — See N O R y & 1 92 95 9734 Canton-Akron C on R y 5s '33 J&J Canton E lec C o 5s 1937- . -M&N 10034 11 75 80 Cape B reton E lec C o 5s '3 2 -J&J Capital T raction (W ash, D C )— 94 1st g 5s June 1 1947_____ J&D 100 10034 Carbondale R y 5s N o v '33 -J&J 6034 Carolina Power & Light— _ __ 1st & ref 5s 1 9 5 6 . .............. A&O 10034 10034 Oatskill Power Corp— 1st 534s 1955 Ser A ......... M&N 10234 10134 100 Cedar R ap M fg & P 5s '5 3 - -J&J 10034 Central Ark R y & Light C orp — 115 100 1st lien s f 5s 1 9 2 8 - ____ M&S 10034 100 Central C alif T rac 5s 1 9 3 6 --A&O 99 Certificates . . . _ _______ C ent C rosst’n R R — See N Y R ys 302 C ent D lst T elep 1st 5s '4 3 . -J& D 35 Central Gas & Electric C o— 300 98 First lien coll trust 6s '46-M & S 100 99 3-year 6 % notes 1929____ M&S IO I 34 Cent Ga P ow — See Ga L P & Rye Cent H ud G & E 5s 1941 J&D 9934 100 30034 10434 Cent Illinois L t 1st 5s 1 9 4 3 .A&O 106 1st 6s 1943___ A&O 10534 101 Central Illinois P ublic Service— 96 97 1st & re f gold 5s 1952- ..F & A 105 1st & ref 6s 1944 series C -.J & J 10334 100 101 1st & ref 5 34s 1950 Ser D ..J & D 97 96 1st & ref 5s 1956 ser E ._ M&N 99 100 9634 Oent Indiana Gas 5s 1 9 3 1 ..M & 8 Central Indiana Power O o— 1st & ref 6s 1947 ser A ____ J&J 9934 10034 7 % notes 1 9 2 7 --____ MAS 100 10034 100 Central Iow a Power & Light— 60 1st M 6s 1944 ser A _____ M & N 101 103 C on v M 7s 1934 ser A ..M & N 10334 102 101 105 Oent M aine P ow 5s '39 op '19 M &N 110 1st & gen 6s 1942................ &J 10834 1st & gen 5s 1955 Ser D ___J&J 300 9934 104 105 1st & gen 534s 194 9 -_, F&A 9234 99 Central N Y G & E 5s 1 9 4 1 --J& J 9934 Central Power C o — 105 301 1st M 6s 1944 ser O ............J& D 103 9834 Central Power & Light— 1st 5s 1956_______________ F&A 9534 9634 10134 Central R y — See Un R y & El (Balt) Central Traction— See Phila Co Central W est Public Service Co— 99 1st 1 col 534s 1956 ser A . M & N Charleston Cons R y , Gas & El— C onsol gold 5s 1999_____ M&S 98 97 O h 's’t ’n C ity R y 1st g 5s 1923 E xt at 6 % to Jan 1938--J& J 100 Chattanooga R y & Light— 96 1st & re f g 5s 1956 op '1 6 .M & N 94 C hatt R ys 1st cons Ss '56 M&N 9134 8934 100 Ches & P o t T el 5s '29 o p '0 9 -J& J Ches & P o t T el o f Va 5 s '4 3 -M & N 101 Chicago Aurora & Elgin C orn— 16 Deben 6s A pril 1972______ J&J / 50 53 93 C hic Aurora"& Elgin R R — 97 1st & ret 6s 1951________J&J 96 104 __ __ _ k Last sale, n N om inal, r Canadian price. B on ds. Chicago C ity’ & C onnecting R y coll tr s f g 5s Jan 1 1 92 7 .A & 0 Chicago C ity R y 1st 5s '2 7 . -F & A Chic N orth Shore & M ilw R R — Bid. 5134 7634 Ask 52 y 78 9734 9834 100 1st & ref 6s 1955 ser A ____J&J 10134 97 1st & ref 5 34s 1956 . . _ A&O 98 34 Chicago & Oak Park E lec R y — Lake St El 1st 5s 1928 g u .-J & J 97 34 9634 Chicago Railways C o— 1st M gold 5s 1927 opt F&A 7434 7534 73 C tfs o f deposit ____ ___ 75 53 C ons M 5s ser A Feb '2 7 ._ A&O 5134 31 34 Series B Feb 1927 . . . _J&B 29 27 Pur m on 4-5s Feb '27 op t.J & J A d j Inc 4s Feb 1927 o p t ___M a y 1334 1534 C hicago Rapid Transit C o— 97 34 9634 1st & ref 6J4s 1944______ J&J 1st & re f 6s 1953_______________ 8334 8534 A djust deb 6s July 1953____ 2834 2934 Chic Sou Bend & N or Ind R R — 41 45 1st gold 5s Jan 1 1 9 3 7 .. J&J .... 105 Chippewa Power 6s 1947- -J & D Chris & 10th Sts R R — See N Y R ys Cicero Gas— See Northw G L & C o Cincinnati Gas & Electric— 1st & ref 5s 1956 ser A . .. A&O 10234 10454 104 % Pr 1& re f M 534s Jan’61 B A&O Cin N ewport & C o v L & T — 103 1st ref 6s 1947 series A __ J&J 10234 ____ 101 So C o v & Cine 6s 1932 J&J ____ 9934 Clncin St R y 6 % notes '2 8 -M & N Cities Service C o — 12234 O on v g deb 7s '66 ser B . -J& J 12234 ____ Series D _ . ._ _ _____ 12234 131 C on v deb 8s 1966 ser E . J&J 9834 R e f deb 6s Jan 1966 - - M & N 9834 Cities Service Pow er & Light— 97 % 97H 2d s f 6s 1944 series A M&N Citizens Gas (Indianapolis)— ____ 1st & re f gold 5s 1942_____ J&J 10134 Citizens L H & P (Johnst'n, Pa) ____ 1st g 5s 1934 op t 1914___M & N Citizens R y & Lt-—See M uscatine Lt & T rac Citizens St R y — See Ind Tr & Ter Citizens T ra ct— See Phila C o 100 C ity E lec San Fran 5s 1 9 3 7 .-J&J C ity & Sub R y— See P ort(O re)R y C ity & Sub R y— See Wash R y & El C ity W ater (C hattanooga)— 104 1st 534s 1954 series A ____J&D 105 98 1st m 5s 1954 . . . J&D 9/34 104 Clev El 111 1st 5s '39 op '2 4 .A&O 10334 111 G old deb 7s 1 9 4 1 .. _____ F&A 11034 ____ Gen M 5s 1954 series A .M & N 102 34 Gen m 5s 1961 ser B . __ A & 0 10234 Cleve Pains & East C on os 1918— ____ E xt at 6 % to 1 9 3 3 -. . _ _ A & 0 / 40 100 Cleve R y 1st 5s 1931 o p t ____ M&S 9934 Cleve Southw R y & Light— Gen & con os 1954______ M & S / 15 20 69 71 C leve Berea & Ob 6s ’5 4 -.M & S 66 Cleve & Elyria 6s '54 - -M & S 70 66 C leve Elyria & W 6s 1954_____ 70 66 70 Elyria & Oberlin 6s 1954______ 95 Clinton (111) G & E 6s 1937 .J & D ____ 89 Clinton W W 1st 5s 1939____ F&A 99 Coast C os L& P 1st 5s’46 op F&A C olorado Pow er 1st 5s '5 3 . M & N 9934 9934 Colum bia G & E 1st 5s '2 7 -.J & J 99 34 10034 Stamped _ . _ 100 9934 100 5 % gold notes 1 9 2 8 . ____M&N 10034 Colum bia (S O) R y , Gas & E l Oo 1st M s f g 5s 1936 . -J& J 9334 Col Buck L& N — See C ol Ne&Zan Columbus Dela & M arion E lec Co 1st & re f 5s June 1937 _______ 89 90 1st & re f 6s (stam ped) 1937 9734 9834 ____ C onv deb 6s 1935 ser A . A&O 95 Columbus (Ga) E lec & Power— 104 106 1st & ref 6s 1947 ser A ____ J& D 9814 1st & re f 5s 1954 ser B ..M & N 100 C olu m b u s(0 )G a s 1st 5& g '3 2 . J&J 97 9634 Colum bus (O) Interurban T er C o 85 1st guar 5s 1935 . J& D 91 Col Lon & Spr R y — See Ind C & E C olum & 9th A v R R — See N Y R vs 100 Colum bus (G a) P ow 5s '36 A&O 101 Colum bus R y , P ow & Light— 9834 1st re f & ext s f 5s 1940. -A & O 9934 R e f m tge gold 6s 1941____ J&D 106 34 10734 84 ^ C ol R y 1st 4s '39 op t '1 4 . O-J 8534 C ol St R y 1st 5s g 1932___J&J 9634 9734 Cross St 1st 5s g 1 9 3 3 .-J & D 96 9634 82 O om ’cial Cable— 4s g 2397_O-J 8134 O om m onwealth-Edison C o— 1st g 5s June 1 1943 . M & S 10434 105 1st g 6s June 1 1943_____ M&S 11034 11134 1st M 5s 1953____ __ ______J&J 10234 10234 1st M col 5s 1954 ser B__ J& D 10234 10234 95 1st M col 434s '56 Ser O . A&O 9534 C cm ’wealth El 5s June '4 3 .M & S 10334 10434 ____ O om 'w ’th L & P 6s 1947___M & N Com m onw ealth Power C o m — S f g 6 s M a y 15 1 9 4 7 .-M & N 15 104 % 10434 Gen & re f 5 s 1 9 3 9 - - ______ J&J 9534 9634 98 Gen & re f 6s 1972 ser B ... J & J 100 Comm onwealth W at 534s A 1947 103 10334 1st m 5s 1956 ser B _ __ F&A 97 9634 Com m unity Power & Light— 1st coll tr 6s 1950 Ser A ... J & J 10154 10234 ____ ____ 1st M col tr 634s 1933___A & O ____ ____ First m tge coll 534s 195 5 --J& D C om pt Hts & M er T er— See Un ____ ____ Conestoga T ra c 1st 4s 195 0 --J& J Coney Isl & B klyn R R 4s '4 8 -J&J 75 77 ____ Consol gold 4s 1 9 5 5 - - ____J&J 68 34 B O & N 1st cons 5s 1 9 3 9 --J& J 8334 8634 Conn Light & Power— 1st & re f s f 7s '51 ser A ..M & N 11634 108 1st & re f 534s 1954 ser B ..F & A 109 1st & ref 434s 1956 Ser O ..J & J 9534 9534 ____ C onnecticut Pow er 5s '6 3 .-A & O 103 ____ 1st & coll trust 5s 1956____ J&J 103 34 98 C onn R y & Lt 434s 1951____J&J 9434 Stam ped guaranteed op tion al. _ 9834 9434 ____ 101 Conn L tg & P ow 5s '3 9 ____ J&J ____ Conn R iv P ow 1st 5s 1 9 3 7 ..J & D 100 92 Connellsv W at 5s Oct 2 '3 9 .A& O 9334 92 G old 5s 1951______________A&O Consolidated Cities L , P & T r— 89 1st lien 5s 1962 stam ped___J&J 88 __ __ _ Ja n . 1927.] , PUBLIC UTILITY BONDS 37 NOTICE.— All bond prices are “and Interest” except where marked “f” and Income and defaulted bonds. B on ds. Bid. Ask. B on ds. Bid. A sk. B on d s. Bid. COON GOOG O Consol Gas o f B alt 5s193 9 ..J& J 103)4 East B ay W ater 514s 1 9 4 6 ..J & J Helena L t& R y 1st 5s ’ 25 o p .M & S ./ 9234 10434 Un & ref 7 34s ’36 ser A ..M & S Gen g 434s A pr 1954____ A&O Herkimer C ou n ty Light & Powerl 98)4 Un & ref 6s 1942 ser B M&S Oonsol Gas, E lec L t & P (B alt)— 1st 5s 1930________________ J&JI 99 Un & ref 6s 1944 ser O M&S Hest M an & Fair Pass R y — See P hila R T Gen g 434s Feb 14 1 9 3 5 ...J & J 98)4 U nif & re f 6s 1955 ser D ..M & S 1st ref 6s 1949 Series A ___F&A Hom e T elep & T eleg(L os Angeles, 10734 10734 1st ref 534s 1952 Series E .M & S Unified & re f 5s 1956 Ser E M&S 106)4 106 % Cal) 1st 5s 1933_______ J&J 100 1st ref 5s 1965 Series F ___J&D 102 534% gold notes 1928____ F&A 1st refunding 5s 1945_____ J&J 10034 Oonsol Gas N J 5s g 1936____ J&J East Penn E lec C o— H om e T el & Tel o f Spokane— 98 1st M & ref 6s 1953_______J&J 10734 1st ref 5s 1965.................. .A & O 1st M g 5s M a y l o 36.M & N 15 9934 95 108 34 Consolidated Gas (N Y )— E St L & Interurb W at 5s’42 J&J 93 H 24 9434 H ortonla Power 5s 1945____ F&A 102 1st M 6s 1942_____________J&J 101 D eb 534s 1945___________ F&A 10554 8 % notes 1926.....................F&A 27 106 East St Louis (111) L t & P ow — . Underlying cos— See N Y G E L B & P H oughton C o (M ich ) E lec LlglP 1st 5s 1940_______________ J& D Consol H ydro-E lec W ks o f Upper 1st g 6s Jan 1 1927 o p t ____J&J 99 W uerttem burg 1st 7s ’5 6 . _ J&J 100 H oughton C o T rac 1st 5s ’37.J& J / ____ 10034 East St Louis & Suburban C o— 73 86 C oll trust g 5s 1932 o p t ..A & O 69 Con Ky (.New H av)d eb 4s’54.J & J H ous H om e T elep 5s 1 9 3 5 ..M & S ____ 73 Easton Cons El 5s 1949____ M&N 69 D eb 4s 1955______________ J&J H ouston L t & Pow 5s 1 9 3 1 ..A&O 9934 9934 73 D eb 4s 1955______________ A&O East Palm & Beth 6s 1 9 3 9 --J& J 69 1st lien & ref 5s 1953____ M&S 98 E conom y L t & P ow (Joliet, 111)— D eb 4s 1956 guar________ J&J 72 l .t l le n & ref 6s 1953 ser B .A & O 10334 69 1st M s f gold 5s 1956____J&D Cons gold 4s 1930________ F&A 1st lien & re f 534s’54 ser O.M&S 102 10034 10134 9254 Cons R y & Pow (Salt Lake)See U t ah L & R y '" ' Edison E lec Ilium o f B oston— Hudson C o Gas 5s g 1 9 4 9 .-M & N 10234 434s% gold notes 1 9 2 8 .-J& J 15 Cons T r (N J )— See Pub Ser C orp 9934 100 H un t’g ’n W at 1st M 6s ’54 A M & S 10334 Ed El Ill(B kn )S ee K ings C oE L & P Consolidated W at o f U tica— 95 1st M 5s 1954 ser B _____ M&S 1st ref 534 s I960 Ser B ___ A&O Edison El 111 (N Y ) — See N Y G 102 H ydraulic Power o f N iag Falls— 100 Consumers El L & P (N ew Orl)— Edison E lec C o (Lancaster)— 1st & refunding 5s 1950___J&J 103 R efunding 5s 1943________ F&A 1st M 5s 1936______________ J&J R e f & im pt 5s 1951______ A & O 103 99 10134 10234 9914 Eighth A ve R R — See N Y R ys Consum L H & P C o (E liz, N J) Idaho Power 1st 5s 1947____J&J 98 Elec & P eop— See Phila R ap Tran 5s 1938____________________ J& D ___ 1st lien gen M 8s 1930____ J&J 101 Electric Pow C orp (G erm any)— Consumers Power C o (M ich )— First lien gen M 7s 1947___J&J ____ 102 1st s f 634s 1950__________ M&S 10334 1st & ref 5s 1936 op ’ 1 6 .-J& J 10134 9634 9634 111 Bell T elep 1st 5s 1 9 5 6 .. .J& D 1st 1 & unif 5s ser C 1952.M & N 102 Illinois Cent T ra c 5s 1 9 3 3 ..J&D 9134 10214 Electrical Securities C orp— 99 C oll trust s f 5s 1935 o p t ..F & A 1st 1 & unif 534s 1954____ M&N 9734 105 Illinois El Pow 1st 6s 1 9 4 3 ..A&O 10334 10514 Continental Gas & E lectric— C oll tr s f 5s 1955_______ A&O 9734 9834 Illinois N orthern Utilities C o— C oll tr 5s 1956_____________J&J 1st lien coll tr 5s 1 9 2 7 ..-M & N 100 9734 95 1st & re f 5s 1957 o p t _____ A&O 9834 10034 Collat trust 5s 1956_____ M & N R ef 6s 1947_______________ A&O 10414 9734 10514 9834 Illinois Power & Light C orp — Coll tr 7s 1954 ser A ____ F&A 1st & re f 6s 1953 serls A ..A & O 10334 11334 11414 Eliz Plain f & Cent J 1See P ublic Sec 634s 1964 series A ____ A & O 102 10214 Eliz & Trenton R R JServ C orp 1st & ref 534s 1954 Ser B ..J & D 10034 Elmira W ater, Light & R R — Copenhagen Telephone C o— Debenture 7s 1953________ A&O 10434 98 99 1st & con g 5s 1956______ M & S External s f 6s 1950____ A&OIS Bllnols Power 1st 5s 1933___T&D 9634 99)4 100 Orosstown St R y— See C ol R y & L t El Paso E l C o coll tr g 5s ’3 2 - J&J 1st 7s 1936.............................. J&D 10334 Cross St R y— See Int T r (B uff) 1st M 5s 1950 Ser A _______J& D 1st 6s 1944_________________f& D 100 9834 9934 Cuban Telephone C o— Em pire D istrict E lectric C o — Illinois Valley R y 1st 5s ’3 5 .M & S 97 102 s 111 1st 5s 1949_______________M & N Indiana Colum bus & E T ra c— 1st lien & ref 7 Ms 1 9 4 1 .. M & S , 1st co v 5s 1951___________ J&J; Gen & ref g 5 s ’26 o p ’ 1 1 ..M & N !/ 2 9514 E m pire Gas & E lectric C o — 9334 104 Gen & ref 6s ser A 1952___J& D Cumberland C o (M e) Pow & L t— C ol Lon & Springf 5s ’2 0 &O / 27 10534 1st 434s 1956 _____________J& D! 92 9214 Empire Gas & E lec and Em pire D a y t 3p gf & Urb 5s ’2 8 .-M & N 55 C oke jt lst& ref 5s ’41 op t.M & S Oumb’land T & T 5s 1937.__ J&Jj 10154 10234 9834 9934 Indiana E lectric C orp— Empire Gas & Fuel— Dakota Central Telep C o— 1st M 6s 1947 series A ... M & N 9934 105 1st gold 6s 1935___________ J&D! 10434 lst& ref conv7 34s’37 ser A M&N 1st M 634s 1953 series B __F & A 10334 10614 10534 ls t & r e f 6 34s’41 (with w a r)A & 0 Dallas Gas 1st 6s 1941______ A& O 10314 100 Indiana Gas Utilities C o — 105 9934 101 103 Equit G & E Utica 5s 1 9 4 2 .A & 0 Dallas Pow & L t 6s 1949____ J&J 106 1st 5s 1946_______________ J&J 95 10534 1st g 734s 1949 series B ___J&J Equit 111 Gas, Phila. 5s g ’2 8 -J&J Indiana Ltg 4s 1958 .op t____ F& A 85 10434 111 10914 95 Erie R ys— 1st 6s 1954_____ A&O 1st g 5s 1952 series C _____ J&J Indiana & M ich El 5s 1957__F&A 100 34 100 9914 94 Dallas R y & Term inal C o— Erie El M o to r s f g 5s 1941A & 0 1st & ref 5s 1955_________M&S 9834 102 101 1st 6s 1951________________ J&J Erie Ltg 1st M 5s 1 9 6 7 ..A&O Ind N a t Gas & O— See Peo G L&C 97 9614 84 85 Danville T r & Pow 1st 5s ’4 1 -J&J Erie & Suburban R y 5s ’41 .A & O Indiana Power 6s 1944____ M & N ____ Darby M ed & Ches R y— See Phila R Tr E vansv G & E L 5s ’32 o p ’ 12 J& D 1st lien 734s 1941 ser A ..M & N ____ 9934 101 Dayton (O) Gas 5s’30 o p ’ 15.M &Sj 100 Excelsior Springs W at Gas & El— 101 lstlien & gen 6 3 4 s’41 ser B .M & N 10434 D ayton L tg 1st 5s ’37 o p ’ 12.M & S 101 34 102 1st M 6s 1932 o p t _______ J& D 534% notes 1928_________ F& A 100 D ayton Pow & L 1st 5s ’4 1 . J& D i 102 Fairm ont & Clarksburg T rac— Indiana R y & Lt 1st 5s ’4 3 . -J& J 95 103 Day Sp & U rb— See Ind Col & E 1st g 5s 1938 op t 1913. — A&O 9234 Indiana Service C orp— Fall River E lec Light C o— Defiance (O) G&E 5s 1 9 4 2 ..M & S; 1st & re f M 5s Jan 1 1950. .J & J 93 34 9914 100 103 1st M 5s 1945 series A ____ J&J Delaware C o & Phila— See Un P & Trans Adjustm ent m ortgage_________ / 9434 Denv Gas & El 1st g 5s ’4 9 -M & N Indiana U nion T raction— 9914 10034 Feather River Power C o— 102 100 1st & R e f 5s 1951_________ M&N 1st M 6s 1929-1963_____ J&J 1st g 5s July 1 ’33 op ’0 8.A & O 5 9834 9734 Stamped as to Pa tax________ Indiana N or 1st g 5s 1 9 3 3 .A & 0 5 9814 Federal Light & T raction— ■ Denver Tram way C o— 96 1st s £ g 5s 1942 o p t _____ M&S Indianap Colum bus & Sou T ra c— Gen & ref 5s 1950 serlesA__J&J 57 Stam ped________________ 1st M g 6s Feb 1 1948____ F&A 99 55 9534 9534 Denver Tram w ay Power C o— 1st lien g 6s 1942 stp d ____ M & S 99 10334 10334 Indianapolis Gas 5s 1952___A& O ls t jm p g gu 5s '23 o^> '0 8 .A&O Debenture 6s 1954 ser B ..J & D 9734 9834 Indianap L & H 5s 1940____ A&O 10134 ________ E xt at 6 % t o ____ Indianap & M artinsv R ap Tran— 9814 9914 Fed St & Pleas Val— See Phil Co Denver Tram w ay Term inals C o 1st g 5s 1923 o p t __________ J&J 63 Federal W ater Service C orp— 1st M g gu 5s 1927-40___M&S 6 714% C onv deb 6s 1996 ser A .M & S 10134 10234 Indianap N ew Castle & Eastern— 634% D erby Gas & E lectric C orp— Florida Pow & L t 1st 5s ’54-J& J 1st 6s 1932______ ______________ 14 9334 9334 1st, lien 5s 1946___________ F& A 90 Indianap N or— See Un T r o f Ind Florida Public Service C o— 93 100 103 D erry (,N H) E lec 8s 1 9 5 1 ..M & S 105 Indianapolis & N orthw est T ra c— 1st M 634s 1949__________F&A 98 100 7s 1932____________________J&D 1st 6s 1955 series B _______ A&O 1st g 5s 1923 ext to 1 9 3 3 ..M&S 64 99 D es M oines & Cent la E lec C o— 96 100 Indianapolis P & L 6s 1 9 3 6 -.M & N 101 Florida Telep 1st 6s 1 9 4 5 .-A & O 102 S F 6s 1937 opt series A ___M&S Ft P itt Traction— See Phila Co Indianapolis & Southeast T rac— 101 8 F 5s 1937 opt series B ___M&S 92 F t Smith Light & T raction— 1st M g 5s 1935___________ J&J fn 2 Des M oines El 5s 1 9 3 8 .-M & N 1st M g 5s M ar 1 ’36 o p t ..M & S 88 89 Ind Shelby & S E 5s 1 9 3 2 .-J& J fn 2 10014 10134 Indianapolis T rac & T erm C o — 1 Dee M oines C ity R y 5s '3 6 .-J& J Ft W Van W ert & Lim a T r a c — 58 61 27 Des M oines E lec C o— 31 1st M g 5s 1930 gu ar_____ J&J / 1st s f gold 5s Jan 1 1 9 3 3 ..A & O 94 M&N 1st M 5s, 1938_____ 100 Indianap St gen 4s 1933___J&J 64 10014 10134 Ft W orth Pow & L 5s ’3 1 ..F & A D etroit C ity Gas Co— 42dS tM & StN A v— See 3d A v Ry Citizens St con 5s g ’3 3 . _M&N 83 1st M 6s 1947 series A ___ J&J 10734 Galesburg R y L tg & P ow er— Indianapolis W ater— 1st M 5s 1950 series B __ A & O C on 5s O ct 1934_______ J&D 1st & re f g 434s 1940 o p t ..J & J 9434 100 9734 98 D et & Sub Gas 1st 5s '2 8 .J&D Galesb R y & L 5s 1934_________ ls t lie n & re f 534s 1 9 5 3 -..M & S 10334 100 9914 Detroit Edison 1st g 5s 1933. J&J 10114 Inter borough-M etropolitan C o— 102 91 G alv E lec C o 1st 5s ’40 o p . .M & N 8834 1st & ref 5s July 1 1 9 4 0 .._M&S 10214 G alveston-H ouston E lec R y — 103 8 C oll trust g 434 s 1956------ A&O / 68 Guar Trust certif o f d e p o s it .. / ____ 1st, & ref 6s July’40 ser B .M & S . 72 1st M s f g 5s 1954 o p t ____ A&O 107J4 10714 96 Gen & ref 5s 1949 series A .A & O Interborough R apid Transit— 103 10234 634 % secured notes 1 9 3 1 .. J& D Gen & ref 5s 1955 ser B ..J & D 103 1st & re f g 5s ’66 o p ta x -e x . J&J 77 34 10134 10234 10334 Gas & El o f Bergen C o 5s ’49 J&D 100 133 Oonv deb 7s Jan 15 '28.J& J15 Gen 5s N o v 1 1954______ M & N 136 Stam ped_____________________ 7734 9434 94 Vs O onv deb 7s Feb 1929___F&A Gatineau Pow 1st 5s 1 9 5 6 ..J& D 136 133 6 % notes 1932_____ ______A&O 81 O onv deb 7s M ar 1930___M&S 133 136 Debenture gold 6s 1941.J& D15 C o n v g 7 % notes 1932— M & S 9734 9834 9834 96 O onv deb 6s D e c 15 1932.J& D 133 International Power Sec C orp — 98 Georgetown Gas L t 1st 5s ’61F&A 136 D et U nited 434s 1932 o p t ..J & J 95 634 % sec bonds 1955 SerOJ&D 9034 9514 Georgia-Carolina E lectric C o— 32 1st M & coll tr 6s 1929____ J&J Sec 7s 1936 D (w ith w a r )..J & J 9533 101 9934 30 1st M 6 % notes 1929____ J& D D et R y 1st 5s 1924________J&D International R ailw ay(B uffalo)— Ga R ow & Ips— See B & N St R y D et Ft W ayne & Belle Isle— Georgia Light Pow er & R ys— B u ff R y 1st con M 5 s g ’3 1 .F & A 8234 94 1st g 5s A pr 1 1928____ A&O 96 1st lien s f g 5s 1941 o p t ..M & S B u ff T rac 1st 5? 1948____ J&D 68 97 Det M on & T ol Short Line R y 98 C ent Ga Pr 5s ’38 o p t’ 13 M&N Cross St R y 1st 5s g ’3 2 . -M & N 81 B u ff B ell & Lan 5s 1927..J & D 99 100 1st M g 5s Jan 1933____ J&J 50 45 Georgia R y & E lec 5s 1 9 3 2 ..J&J 10034 99 D et & Pt Huron Shore Line— R efg & im pt g 5s ’49 s f ___J&J B u ff & L ock 1st g 5s 1 9 3 8 .-J& J 66 9934 98 1st gold 5s 1950_________J&. 100 Atlanta Cons St 5s 1 9 3 9 .-J& J B uffalo & N iag Falls E lec R y — Det Ypsil Ann A rbor & Jack— Georgia E lec L t 5s 1 9 3 0 .-J& J 1st M 5s gold 1935----------J&J 74 10034 1st gold 5s 1926_________ F&A / . . . . Atlanta N orthern R y C o— Internat R y re f 5s ’62 o p .M & N 61 Dom inion Pow & Transmission— 96 98 1st guar 5s ’54 o p ’9 0 ___J&J International Telep & Teleg-— 1st 5s 1932________________ A&O 98 97 Georgia R y & Pow er— C on v deb 20-year 534s ’45M & S 10934 D D E B & B R R — See T hird A v Ry 1st & ref s f 5s 1954 o p t _A&O 98 10434 10434 Interstate El C orp 6s 1933.M &S D ubuque E lectric C o— Gen M 6s 1947__________ A&O 107 Debenture 7s 1932________ J& D 97 10734 Gen M 7s 1941__________ M&N 1st 6s, 1942______________A&O 10314 10434 10434 10534 Interstate Power C o— Duke Price Power C o— 80 Grand Rapids R y 1st 7s ’3 9 -M & N 84 1st M g 6s series A 1 9 4 4 ..J&J 9934 1st M s f 6s 1966 Ser A ..M & N 104 H 1st M g 6s series B 1 9 4 4 .-J& J 99 10414 Great Cons Elec P ow (Japan)— Duluth-Superior Traction C o 98 1st M 7s 1944.......... F&A 9734 General 7s 1934-------------------J&J 100 9 6 ’4 Duluth St R y 1st g 5s '3 0 .M & N 9334 95 34 1st & gen 634s 1950______ J&J 9334 Interstate Public Service C o— Gen M 5s 1930_________ M &N l s t & r e f 534s 1950 ser C - . A & O 101 10334 9014 9114 G t Falls Pow 1st 5s ’40 o p ..M & N 10334 Duquesne Light— See Phila C o Great Lakes Pow er, L td — Interstate R ys— C oll trust g 4s 101 Duquesne T rac— See Phila C o 103 1st M 6s 1927-1944_____ M&N 1943 op t 1913...................... -F & A 48 Eastern C onnecticut P ow C o— Great N orth P ow 5s 1935___F&A 9934 10034 Iow a Power & Light— 99 100 100 101 1st M s f 5s 1948 series A .A & O G reat W est P ow 5s 1946 o p ..J & J 1st M 6s 1955 Ser A -------- M&N 10334 Eastern M ass Street R y C o— 1st & ref 6s M ar 1949____ M&S 1st 534s 1956 ser B ______ M &N 101 10234 10334 1st & ref 6s 1952 ser C ____ F&A 104 Serial ref 6s Jan 1928-1929____ Iow a R y & L t (C edar R apids)— 105 9814 1st & re f 5s 1932 o p t ’ 1 5 .-M & S 99 65 100 6414 R ef M 4J4s 1948__________ J&J 5-year 534% notes 1930.M & N 2 10034 73 R ef M 5s 1948_____________J&J 71 Green B ay Gas & E lec C o— 1st & re f 5s Oct 1945_____ M & N ____ 85 R ef 6s Jan 1948 ser O ..M & S 1 5 1st & ref 5s 1935________ M&N 1st & ref 534s O ct 1 9 4 5 .-M & N 100 9934 8314 Greenwich Tram 1st 6s ’3 1 ..J & J 85 R ef 6s Jan 1948 series D .A & O Iow a Southern Utilities— 8734 8334 85 R ef 6s Jan 1948 series E .M & N G u lf States Utilities C o— 1st & re f 6s 1943................. F&A 100 8314 Lynn & Bos 1st 5s g '2 4 . . J&D 1st M & ref 5s 1956 ser A .M & S 9434 95 1st & re f 534s 1950.............. J&J 9634 H ackensack W at 4s ’52 o p ’ 12J&J 86 Extended to 1929___________ 99 8734 Ironw ood & Bessemer R y & Light Eastern M ich Edison C o— Hamburg (Germ any) E lec C o— 1st s f g 5 s ’36 op t a ft e r ’ 15.F&A 9834 1st g 5s 1931___________ M & N E xtl g s f deb 7s 1 9 3 5 ...M & N Italian Public Utilities 7s ’5 2.J & J 9034 10114 10134 102 10014 10214 Harrisburg L & P 5s 1 9 5 2 ..F & A 100 Eastern N J Pow 1st 6s 1949. J&J 102 101 Jackson Cons T r— See M ich E .R y 1st M 534s 1949__________ J&J 93 Jackson (M ich ) Gas 5s g ’3 7 .A & 0 ____ 9 j J4 H art St R y — 1st g 4s 1 9 3 0 ..M & S 9834 E ast’n Ore Lt & Pr 6s 1 9 2 9 .A & 0 H arw ood El 5s ’39 o p ’ 14____ J&J 10234 10134 10334 Jackson (M iss) P ublic Service— 1st & ref 8 f g 6s ’42 o p ___M&S 98 Eastern Pa R ys 1st 5s 1936.J& J 9814 1st M 6s 1 9 3 4 . . . .................. A& O 100 10634 10734 Eastern T ex El C o 5 % 1928-F & A 99 Vs Havana E lec R y , Light & Power 1st M 7s 1934................ ............... 101 9914 Eastern W isconsin E lectric C o— Gen M 5s 1954 series A ___M & S Ia ck s o n v (F la )G a ss f 5 s ’4 2 . -J & D 9134 1st & ref 5s 1 9 4 7 --............ M&S Havana E lec R y 5s 1 9 5 2 ..F & A Jacksonville T ra c 1st 5s ’3 1 -M & S 82 9514 9434 1st lien & uef 6s 1942_____ J&D 102 90 D eb g 534s 1951...........M & S Jacksonv E lec 5s ’27 o p t.M & N 97 9034 1st lien & ref 614s 1 94 8 --M & S . 10334 Sheboygan E lec 5s 1946 -J&Jl 98 9914 /T h is price includes accrued Interest. * Last sale. 1 In London, r Canadian price s Sale price. A sk 94 101 10034 29 100 10034 10334 103 104 96 104 9834 9334 105 9534 104 101 105 9734 4 30 10034 105 96 10134 9934 10534 95 9534 101 100 66 17 66 10134 96 65 85 95 20 15 7834 78 8134 9734 92 97 8434 72 83 100 70 77 62 10934 99 10034 101 101 102 4834 105 102 100 15534 97" 9934 91 10134 10234 923* 38 PUBLIC UTILITY BONDS [V ol. NOTICE.— All bond prices are “and interest” except where marked “f” and income and defaulted bonds. B on ds. Bid. Ask. Jacksonv (HI) R y & L t 5s ’31.J & J 94 >4 96*4 Jam aica W ater Supply Co— 1st gold 5*3s series A 1955-J&J 101*4 102*4 Jersey Central P ow & L t Oorp— 1st & ref 5*5s 1945 series A F&A 97 97*4 Jer C ity Hob & Pat— See P S C orp Johnstown (Pa) Telephone C o— 1st & ref 5s 1942. ...F & A 99 101 Johnstown (Pa) T raction— 1st & ref 5s July 1943____ J& D 64 66 Johnst Pass R y 4s ’3 1 . _.J & D 77 79 Joplin& PittsR y 1st 5s'30 op.M & S / -----Joplin W W 5s A pr 2 1 9 4 0 .-A & O 95 96 Kankakee (111) G & E 5s ’3 0 .M & S Kansas C ity Gas 1st 6s 1942. F& A 10554 106*4 1st M 5s 1946__________ F& A 9854 99*4 Kansas C ity Power & Light— 1st M 5s 1952 series A ____ M & S 103*4 10354 Kansas C ity R ailw ays— 1st M 5s July 7 1944_____ J&J / 61 63 2d M 6s July 7 1944______ J&J / 4 7 2d M 5s July 7 1944______ J&J / 7 4 C oll gold notes 7s M a y 15 1921 _______________M &N 15 / 80 83 Kansas E lec Power 6s 1 93 7 .J & D 104 103*4 1st M 6s 1943___________ J& D 103 104 1st M 5s 1951___________ J& D 95 96 Kansas Gas & E lec 6s 1952-M & S 104*4 105*4 D eb gold 6s 2022 series A .M & S 97*4 96*4 Kentucky Traction & Term inal— 1st & ref gu 5s '51 op t '1 4 .F & A 81 82*4 Lexington R y 1st 5s 1949 J& D 96 Kentucky Utilities C o — 1st M 5s 1961 ser G _____ F& A 97 95*4 Key System (San Fran-Oak Term ) 1st M 6s 1938____________ J&J 99*4 99*4 R e f 5s 1 9 3 8 ................ ........ J&J 76 R e f 6s 1938__________ . . . . 84*4 First m ortgage 5*3s July 1938. . Key System Secur coll tr 6s 1933 Key Tel 1st g 5s ’35 op t ’0 8 ..J & J 9354 93*4 1st 1 & ref 5*5s 1955 ser A . J& D 90*4 91*4 1st 1 & ref 6s 1951 ser B ... A & O 98*4 97*4 Kings C o E L & P 1st 5s ’3 7 .A & O 103*4 Purch m oney 6s g 1997___A & O 124*4 E dison El 111 Bkln 4s '39 .J & J 95*4 Kings C o E lev R y — See Bkln R T Kings C o Gas & 111 1st 5s’4 0 . A& O 103 100 Kings C o L tg 1st ref 5s ’5 4 . -J& J 101 100*4 ls t r e f 6*5s 1954___________ J&J 112 Kingsport Utilities 6s 1 9 3 7 .A & 0 103 101 104 1st 7s 1937 series B ............A&O 101 Klnloch L ong D ist Tel 5s '2 9 .J&J 100 100*4 Kinloch Telephone 6s 1928 -F & A 101 101*4 K n oxv Gas 1st 5s ’33 op t '1 3 .A & O 94 91*4 K noxville R ailw ay & Light— R e f & ext 5s 1946 op t J& D 97 96 109 97 K n oxville T rac 5s 1§ 3 8 . -A & O backawanna & W yom Val R T — 94 C oll trust 5s 1951____ ..F & A 96*4 Laclede Gas L t ref 5s 1934. .A & O 101*4 100*4 105 1st M coll tr 5 H s ’53 ser O .F& A 104*4 101 6*5% gold notes 1935____ F&A 10054 bake R oland E lev— See Un R vs & E lec Lake Sh E lec 1st con g 6s ’ 3 3 . J&J Gen gold 5s Feb 1 1933. . . F&A Lor & C lev g 5s ’27 op ’ 1 7 .J&J 97*4 95*4 Sand Frem & Sou 5s 1936 .J & J T ol Frem & M o 6 14s 1925— Extended to 1935_______ J&J 78 76*4 Lake St E lev R R — See C hic & O a k P k E lec R y 100 Lansing Fuel & Gas 5s 1927 . . . Laurentian Power 6s 1 9 3 6 ..-J& J 102 101 Laurentide Power 5s 1946 ..J & J 10054 100*4 Gen M 5 * 5 s 1946 . . . . ..J & J Lawrence (M ass) Gas & E lec— 1st M 414s 1940 ser B . . . F & A 98*4 Lehigh Power Securities— D eb g 6s 2026 series A ___F&A 95*4 95*4 Lehigh Valley Transit— 98 1st M g 5s D ec 1935 op t M & S 96 1st M g 4s D ec 1935 o p t ..M & S 88*4 86*4 Cons gold 4s 1935 ..............J&D 82 80 R ef & Impt g 5s I 9 6 0 . . . J& D 80 81 100 Leh Val L & P 5s 1 9 4 3 ... A&O Lex A ve & P av F y— See N Y R vs Lex (K y ) R y — See K y Tr & Term Lincoln Gas & E lec 5s 1941 J&D 98 99*4 LIndell R y — See United R vs(S tL ) Little R ock G & F 6s 1 9 3 7 .-M & N 100 98*4 Little R ock R y & El 5s ’3 3 .A & 0 101 R e f & ext g 6s 1938 . . ..A & O 102*4 Lockhart Power 514s 1950. F&A 99 100 L ockport & O lcott R y — See In t T rac (B uffalo) Long Isl Lighting 5s 1 9 3 6 .-M &S 101 101*4 1st ref 6s 1948. ___________ J&J 109 110 1st & ref 5s 1955 ser B . M & S 99 99*4 Secured g 6s 1945 . . ...J & J 102*4 102*4 Lorain & C leve R R — See Lake Sh E lec R y Los Angeles Gas & E lec C orp— 1st & ref g 5s 1939 o p t . M & S 102 101*4 Gen & ref g 7s ’31 B & O ..J & D 105*4 Gen & ref 6s 1942 ser D M&S 108*4 Gen & ref 514s 1 9 4 3 ... .M & S 104*4 Gen & ref 514s ’47 ser E ..J & D 106*4 Gen & ref 6s 1942 ser G ..M & S 109*4 108*4 Gen & ref 514s 1949ser I ..A & O 104 104*4 Los A ng G & E 5s 1934____J&J 101*4 L os Ang P ac C o— See Pac El R v L os Ang & Pasad— See Pac El R v L os Angeles R ailw ay C orp— 1st & ref s f g 5s 1940 ____ J&D 82*4 97 Los Angeles R y 5s 1938 ..A & O 95*4 L os Angeles Sub Gas C orp— 1st lien coll trust 7s 1938.M &S Louisiana Power 1st 6s ’44 J&D 102*4 104 Louisville Gas & E lec C o (K v )— 1st & ref 5s 1952 ser A ..M & N 9954 99*4 1st & ref 514s 1954 Ser B . M&N 104 105 D eb s f 6s 1937 ser A _____ A&O 101*4 b ou isv L tg 5s ’53 un stm pd.A & O 101 Louisville R y con M 5s g ^ O J&J 95*4 93*4 2d m tge 4*5s 1940_______ M&S 80*4 Gen M 5s 1950___________ F&A 70 Louisville W ater— See under Loui sville. p. 50. bower Austrian H ydro-E lectric— 1st s f g 6*5s 1944. 90*4 89*4 Luserne C o (Pa) Gas & E lectric— 1st ref&im p g 5s’48 op ’ 13.A & O 101 10154 1st & ref 6s 1954__________ M & S 106*4 10G54 D ebenture 7s 1944. ___J&J 109 109*4 102 Lykens Val L & P 6s 1 9 4 5 .-M & S 104 Lynn & B oston R R — See Eastern M ass S t R y 99 M a con R y & Light 1st 5s ’5 3 . J&J M adison C o (111) Light & Power— 1st g 5s 1936_____________ J&D 100 99*4 M adison Gas & E lectric C o— 1st ref 5s 1 9 4 0 ................... A&O 100*4 Gen & ref 5s 1950 M&N 10054 100*4 M adison Railways C o— 80 1st g 5s 1936_____________ M&N 74 _ b Basis. / This price includes accrued interest, B on ds. Bid. A sk. M a d R tv P o w ls t 5s’35 gu o p .F & A M anchester T r L t & Pow er— 1st ref 5s A ug 1952____________ 7s A ug 1952 __________________ M anhattan E l con 4s g '9 0 .A & O 2d gold 4s 201 3 ___________ J& D M anila E lectric C orp— M anila E lec R R & L tg C orp— 1st lien & coll tr 5s '5 3 . .M &S Manila Sub R ys 1st 5s 1946.M &S M anitoba Pow er C o L td — 1st M s f 5 * 4 s ’ 51 ser A __ .J & J M annheim & Palatinate E lec C os 15-yr s f 7s 1941 _ . .J & D M a n u f’rs W at (Pa) 5s 1939 J& D M arion (O) W ater C o— 1st m tge 6s 1943 _______ J&D M arket St E l Pass R y — See P R T M arket St R y (San F rancisco)— 1st s f 7s 1940 ser A . . _ Q-J M a ryl'd El R ys 1st gu 5s ’31 A&O 1st & ref 6*4s 1957 ser A ..J & J Balt & Ann S L 5s 1946. F&A M assachusetts Gas 4*4s ’2 9 . J&J D eb g 4*4s D e c 1931_____ J&D 20-year s f 5*4s 1 9 4 6 .. ..J & J M assachusetts Lighting Cos— D eb g 7s 1927-’2 8 _______ J& D D eb g 7s 1930___________ A& O M cG a v & M t V— See Nash R y& L M em phis Pow er & Light C o— 1st & ref 5s 1948 ser A ___J&J 1st & ref 6s 1948 ser B _ . J&J M em phis L & P 5s 1931. J&J M em phis St R y con g 5s ’45 J&J M eridian L t & R y 5s '44 M&S M etropolitan Edison C o— 102 100 112 103 68*4 57 69 60 95*4 95*4 97*4 98*4 97 100 99 95*4 96*4 60 99*4 98*4 103*4 103 96*4 98 65 100 9854 103*4 100 100 101 105 106 72 73 --- n Nominal, 101*4 100 10754 1st & ref 5s 1953 ser O ____ J&J 100*4 M etropolitan E iec C o (Reading) 102 1st s f 5s 1939. _______ A&O M etropolitan Power— 1st 6s 1953 ser A ________J& D 105 M et St R y — See N Y R ys M etropolitan W est Side “ L ” — 75 1st gold 4s 1938___________ F&A E xten gold 4s 1938 _____ J&J 74 M exican E l L 1st M g 5s '35 J&J r ____ M ex L t & P ow 1st 5s '33 s f.F & A r ____ M iam i Valley E lec 6s 1 9 4 5 ..J& J 99*4 M ich E lec R y 5s 1948 _____ J&J / 13*4 Jack Cons T ra c 5s 1934. .M & N / 10 M ichigan Gas & E lec C o— 1st & ref 6s 1 9 4 3 . ____ .M & S 102 M ichigan H om e T elep C o— 1st m 6s 1946 ser A ____ M & N 101 M ichigan Light 1st 5s 1946.M &S 101*4 M ichigan N or P ow 1st 5s ’41 J&J 99*4 M iddlesex W ater C o (N J )— Consol M 5s 1950._ ..F & A M iddle States W W 6s 1936.M & N 100 M idland Util 5 % notes ’2 9.M & N 98*4 5 % notes 1930__________ M & N 98 5 % notes 1931__________ M & N 97*4 M idw est Gas Co— 100 1st m 7s 1936 series A ____ M & N M iliv Etna & Sharps— See Phil Co M ilwaukee C oke & Gas C o— 1st M s f 7*4s 1 9 3 3 --. ..F & A 103 M ilwaukee E lec R y & Ligh — R e f & ext 4*4s g '31 o p t ..J & J 98*4 Gen & ref g 5s 1951 o p t ..J & D 99*4 1st & ref 5s 1961 ser B . J& D 98*4 M ilw Light, H eat & T rac— 1st g 5s gu 1929 o p t ___M&N M ilwaukee G L 1st 4s '2 7 . . M&N 99*4 M ilwaukee N orthern R y— 1st 5s A pr 1931 . . A&O M inn A noka & C ayuna R ’ge R R 1st 5s 1935_______________M&N / M inneap G L 5s Feb '3 0 ___M & S 98*4 6% gold notes Feb 1930 . . . 101*4 M inn Gen El 1st 5s '34 op .J & D 101 M inn St R ys— See T w in O ’y R T M innesota Pow er & Light Co- 1st & ref 6s 1950____ .. .M & N 105*4 1st & ref 5s 1 9 5 5 -— ............J& D 98 Mississippi Power Co— 1st & ref 5s 1955. . . . . .M & S 95*4 Mississippi R iv P ow 5s '51 .J& J 10054 Sink fd deb 7s 1935. ..M & N 102 Missouri Edison El 5s 1927 F&A 100 M issouri Power & Light— 1st M 5*4s 1955 Ser A ____ M & S 98*4 M ob ile E lec 5s ’46 op T O ..M & N 9854 M ob ile Gas im p & re f 7s ’51 J&D 103 M o b Lt & R R 1st g 5s ’3 7 . J& D C ons g 5s 1941 ... ..M & S 85 M on m ou th Cons W at 5s '5 6 . J& D 95 M onongahela St R y— See Phil Co M onongahela Valley T raction— 1st M g 5s ’42 op t ’2 2 ____ J& D 92*4 M onongahela Valley W ater— 1st M 5*4s 1950 series A . J&J 99*4 M onongahela W est Penn PubServ 1st lien & re f 5*5s Ser B '53 F&A 97*4 M ontpelier & Barre L & P Co— 1st ref 5s 1944___________ A&O 98 M ontana Power— 1st & ref s f 5s '43 op ’ 1 8 ..J & J 101*4 M ontreal L t, H t & P ow Co— lst& coll tr g 4*5s ’32op ’ 12 J&J r 96*4 G old 5s 1933 op t 1913____ A&O r ____ M ontreal Tram ways— 1st & ref g 5s 1941 o p t ____ J&J 9854 Gen & ref 5s 1955 series A .A & O 94*4 Genl & re f 5s 1955 Ser B .A & O 94*4 M orn ’side El S tR y— See Phila C o M ountain H om e T elep Co— Gen 5s 1938_______________J&J 99 M ountain States Power Co— 1st & ref 5s 1938_________J&J 94 1st M 6s 1938 series B ___J&J 101 M t W ash St R y — See Phila C o M uncie El L 1st 5s '32 op T 2 J&J 100 M uncie Hart & F t W ayrie T r— 1st 5s g 1935 op t 1925____ J&J 11 M & U C T r C o — S e e U n T r o f Ind 92 M uncie W W 5s O ct 2 ’3 9 . -A & O M unicipal Gas (A lbany, N Y ) — 105 1st M 5*5s 1952 ser A ____ A&O M unicipal Gas & E lec, R och — 1st M g 4*5s 1942 o p t T 2 A&O 93 M unic Service 5s 1942____ M&S Col tr s f 6s 1956__________ F&A H 92*3 M uskegon T r & Lt 1st 5 s ’31 M&S 90 M uskogee E lec T r 5s 1934 M&N M u tu al T e le p (P a )ls t 5s 1945A & 0 99 k Last sale, B on ds. 107*4 100*4 103 106*4 76*4 75 70 100 16 104 102 102*4 100*4 _ 100 100 99*4 100*4 98*4 100 9854 9954 100 102 102*4 106 99 96 101*4 100*4 99*4 99*4 93 99 104 99 101 96 103 107 95 96 92 101 r Canadian price, , _ Bid. 124. A sk. N ashville R ailw ay & Light— Cons g 5s 1953 op t 1 9 0 8 ..J & J 99*5 94 *3 96 R e f & ext gold 5s 1958 - J&J M cG a v o ck & M t Vernon— 2d series 6s July 1937 J&J 104 105 Nashville Gas & H eating C o— 1st M gold 5s 1937 g u a r..M & N 100 101 N ashville W ater 4s 1 9 2 8 .. .J & J * Nassau E l R R — See B klyn R ap T N assau L t & P ow 1st 5s '2 7 -A & O 99*3 100*3 Nassau & Suff L tg 5s 1 9 4 5 ..F & A 97 98 N at E lectric Power Co— 96 Sec g 6s 1945_____________ M&S 96*3 99 N at P ow & L deb 6s 2026 A .F & A 99*3 N at Public Service C orp— 97*5 C oll tr s f 6*4s 1955 ser A F&A 99*5 101 N ebraska Pow er 1st 5s '49 .J & D 101*3 1st M 6s 1949____ . . . J&D 105*5 10653 D e b 6s 2022______________M & S 101*5 102*3 N eva d a -C a lif E lec— 93 94 1st m tge 5s 1956 _______ A&O N evada-C al P ow 6s 1 9 2 7 .. A&O 100 113 N ewark Gas 6s A pr 1 1 9 4 4 .-Q -J 111 Newark C ons Gas con 5s ’48 J&D 102*3 103 Newark Pass R y — See P S O orp— N ew Brunswick (C an) P ow C o — 91 89*3 ____ .M & S 1st M 5s 1937. 93 N ew Castle (C ity of) W 5s '41 J&D 95 95 S f 5s 1932_______________J& D N ew Chester (Pa) W ater C o — 93 95 1st 5s M ar 1 1 9 4 3 ... .. .M & S N ew E ngland E lec Securities— 63*3 65 1st coll tr 5s Jan 3 1 9 3 2 ..-J& J3 102 N ew E ng P ow 1st 5s 1951 ..J & J N ew E ng T el & T el 4s 1 9 3 0 .-J& J 96*3 101 5s gold O ct 1 1932 ______ A & O 100*3 103 1st 5s 1952 series A _____ J& D 103*3 95*5 1st 4*4s 1961 Ser B M&N 95*3 N J & H ud R iv R y & Ferry— 64 _ 1st gold 4s 1950 op t _ M&S 66 N J P o w & L 1st 5s 1956 ..F & A 99 N ew L ond on G & E 5s 2 7 ..A & 0 99*5 100 2d m tge 5s 1929__________ A&O C onsol & refg 5s 1933 ____ J&J 100*5 N ew M ilfo rd Pow 1st 5s ’32 F&A 100*3 N ew Orleans P ub Service C o— 95*5 1st & re f 5s 1952 series A . . A & 0 95*3 95*5 1st & ref 5s 1955 Ser B ... J & D 96 90*3 91 Gen M 4*4s 1935 ____ J&J In c 6s N o v 1949 series A _J&D 94*3 96 Series B . . _______'.J & D N ew Orleans R y & Light C o — Canal & Claib 1st 6s ’4 6 . -M &N 106*5 110 95*5 N O C y R R — Gen g 5s ’4 3 -J& J 95*3 97*3 N O C y & Lake 5s 1943 J&J 98 N O& Carroll con 5s F eb'33.J& J 98*5 Edison E l 1st 5s 1929___J&J 99*3 N O P ow -H ou se C o 5s '4 1 . J&J 98 St Charles St 1st g 4s '5 2 . .J& J 85 87 N ew p News & Hamp" R y . G & E — 1st & re f 5s 1944 . . .J & J 92*3 94*5 N ew p N ew s & Old P t R v & El 1st g 5s N o v 1 1938____ M & N 95 98 Gen g 5s M ar 1 1941 M&S N ew R ochelle W at 5*4s 1951 series A _____________ ____ M & N 99 100 N Y Cent E lec Oorp— 1st M 5*4s 1950__________ M&S 101*5 102*3 N ew Y ork Edison C o — 1st lien & re f 6 *4s 1941 ..A & O 116 115*3 103*3 1st 1 & re f 5s ser B 1944 .A & O 103*3 N Y Gas, E lec L t, H & P C o — 1st g 5s D ec 1 1948 . . .J & D 106 106*3 Pur m on coll tr 4s 1949 F& A 93 92*3 E d E l 111, N Y , con g 5s’95 J&J 107*3 Central Un Gas 5s g 1 9 2 7 .-J& J 99*3 100*3 Equitable Gas 5s 1932___M&S 100*5 99*3 N ew Amster Gas 5s 1948 J&J 98 N Y & E R Gas 1st g 5s ’4 4 .J&J 99*3 100*3 C on 5s 1945____________ J&J 99*3 98*3 N Y & W estch L tg 4s 2 0 0 4 .-J& J 82*3 81*3 D eb g 5s 1954“ op g u a r ..J & J 99*5 100*3 N orth Un Gas 5s 1927. .M & N 100*5 99*3 Standard G L 5s 1930___M&N 99*5 N Y M unicipal R y O orp— 1st m tge 5s 1966 . . ..J & J / N Y & Pa T elep & Teleg C o — Gen s fd g 4 s N o v 1929___M & N N Y & Queens E lec L t & P ow — 1st cons g 5s A ug 1 1930. F& A 101 101*3 N Y& Queens Gas 1st 5s '34 .F & A 97*3 N Y & Queens C o R y 4s '46 A& O f 5 1 Steinway R y 1st 6s 1 9 2 2 ..J & J f 18 N ew Y ork Railways C orp— Prior lien 6s 1965 ser A _.J & J 85 85*3 AdJ Income 6s Jan 1 1965 A p r . / 28*3 29 Participating rects— See Stocks N ew Y ork Railw ays— 1st R E & re f 4s '42 o p T 6 J&J / 63 66 Guar Trust ctfs o f dep osit. f 63 66 A d j inc g 5s Jan 1942___A&O / 10 Bankers Trust ctfs o f d e p o s. / 10 — B leeck St & F F 1st 4s '50 J&J 49 53 B w ay & 7th A v Cons 5s’43 J&D 72*3 73 C tf dep stpd June ’26 I n t ___ 72*| 73 82*3 B w ay Surf R R 1st 5s '2 4 . -J& J Cen Crosstown 1st 6s '2 2 .M & N /112 C ol & 9th A ve 1st 5s ’9 3 -M & S f 13 15 Eighth A ve c t f ind 6s '1 9 .F & A / 86 Lex A ve & P F y 1st 5s g '93 M & S / 37 39 Second A ve con 5s g ’48 g u .F & A *3 Trust C o certifs o f d e p o sit. _ f -----’ *3 R eceiver’s certificates 1914. f 35*3 36*3 Sixth A v R R pur M 5s '6 5 -J&J f 76 85 South Ferry 1st 5s 1 9 1 9 .-A & O 98 T hird A ve— See under “ T . ” 34th St Crosst 1st 5s ’9 6 .-A & O 63 23d Street R y 5s 1962____ J&J 67 59*5 N Y & R ichm ond Gas C o— 1st re f M 6s 1951 series A .M & N 102*3 103 1st re f 6s 1952___________ M &N N Y State G & E C orp 5*4s ’62A&O 103 105 1st 6s 1952________________ J&J 104 N ew Y ork State Railways— 1st con g 4*4s '62 o p ’ 1 3.M & N 54 53*3 ls t c o n 6*4s 1962_________M & N 70*3 71*3 N Y Steam 6s 1947................ M&N 105 105*3 1st M 5s 1951................ .M & N 94*3 95*5 N Y & Suburban Gas— See W estc Chester L tg N Y T el 1st 4*4s’39 tax ex_M & N 98*3 98*3 D eb 6s Feb 1949_________F&A 111 110*3 R e f M 6s O ct 1 9 4 1 ______ A&O 108*5 108*3 N Y W ater Service C orp— 1st m 5s 1951 ser A ____ M & N 94*5 N Y W estch & Bos R y — See Stea m R R s Niagara Falls Power 5s 1932.J& J 101*3 101*3 R e f & gen 6s Jan 1 9 3 2 ..A & O 105 105*5 1st & cons 6s ser A A '5 0 -M & N 106*3 105*3 Niagara Falls W ater 5s 1927_____ Niagara L ockport & Ont Power— * 1st & r e f 5s 1955 series A ..A & O 101*3 101*3 s Sale price. 39 PUBLIC UTILITY BONDS JAN., 1927.] NOTICE.— All bond prices are "an d Interest" except where marked " f " and income and defaulted bonds. B o n d s. N orf & A tl T erm — See Va R y & P N orf & P orts T r— See Va B y & P N orf R y & L t 1st 5s 1949--M & N N orfolk St 1st g 5s 1 9 4 4 .--J& J N orth American Edison Co— S f g 6s M ar 15 ’52 ser A.M &S15 S f g f i H s 1948 ser B ____M &S N orth Amer L ight & Pow er C o— S f deb 534s 1956 ser S ...J & J N orth C arolina Elec Pow er— 1st s f g 5s O ct '40 op '1 6 .-A&O N orth C arolina P ub Serv Co— 1st & ref 5s 1934 o p t_____ A&O 1st & ref 5s 1956 - -J& J Sallsb & Spencer 5s '45 ___M&N N orth H ud Co R y— See P S C orp N orth H udson L t, H & P Co (H oboken, N J) 5s 1938--A&O N orth Jer St R y— See P S C orp N orth Shore E lectric C o— 1st & ref g 5s '40 op '2 0 ___A&O N orth Shore Gas Co of Illinois— 1st gold 5s 1937 o p t- -_F& A N orth C alif Pow 5s 1932___J& D R & cons s f 5s '48 op '1 5 --J& D N orthern Conn Pow er Co— 1st & ref 534s 1946- - M&S N orthern E l Co L td 5s 1939-J& D N orthern E lectric Co (W isconsin) 1st m tge 6s 1929____ ___J& J N orth Ind Gas & E l 6s '5 2 --M&N ls tr e f 5 s 1929.... . ___A&o 1st & ref 5s 1966 series C M &N N orthern N Y U tilities, Inc— 1st M & ref 5s 1963_____J& J 1st lien & ref 7s 1946 A . M&N 1st lien & ref 6s 1947 B ..M & N 1st 1 & ref 6s 1943 O ____M&N 1st 1 & ref 5 H s ser D '49- J&D 1st 1 & ref 5s 1955 ser E .-J& D W atertow n L & P 5s 1959-J& J N orthern Ohio Pow er— 10-yr 7s 1935___________ F&A N orthern Ohio T rac & L ight— 1st consol gold 5s 1933____J& J 1st consol gold 4s 1933____J& J 1st lien & ref 5s 1956 - - F&A Gen & ref 6s 1947 ser A .-M & 3 N orthern O ntario L t & Pow er—• Sinking fun d 6s 1946____J& J N orthern S tates Pow er Co— 1st & ref 5s 1941.......... ...A & O 1st & ref 6s 1941 ser B ___A&O C o n v e y s 1933 . . ..M & N 834% gold notes 1933---M & N 1st lien 6s 1948 ser A ____M:&N 634% notes 1940________ J&D N orthern Texas E lectric Co— Coll tr s f g 5s 1940 o p t___J& J N orthern Texas T raction C o— 1st g 5s 1933 o pt 1913____J& J N orth ern Texas U tilities Co— 1st 1 7% n otesD ecl5 ’29 J&D15 N orthw estern E lectric C o— 1st gold 6s 1935________ M&N N orthw estern E levated (Chic)— 1st m tge 5s 1941 o p t ____M &S U nio n ’E l (Loop) 5s g '4 5 _A&O N orthw est G as L & Coke (Chic) Cons g 5s Dec 1 1928____Q-M Cicero G as gen & ref 5s '3 2 .J& J N orthw Teleg— See W U Teleg N orw ich(C t)G as & E g 5s’2 7-J& J Nova Scotia T r & Pow’ 5s ’46 J&D Gen m tge 7s 1952 ser A . .A&O Ogden G as 5s 1945______ M&N Ohio Gas & Electric— 1st sinking fund 6s 1946.M &N Ohio Pow 1st 7s 1951 ser A ..J & J 1st & ref 5s 1952 ser B .J& J 1st & ref 6s 1953................. M&S 1st & ref 4!4s 1956 ser D .J& D Deb g 6s 2024____________ J& D Ohio Public Service Co— 1st M & ref 7 34s '46 ser A .A & O 1st & ref 7s '47 ser B _ .F& A 1st & ref 6s 1953 series C M&S 1st & ref 5s '54 ser D ____M &S Ohio R iver E dison Co— 1st m s f 6s 1948_________ J& J 1st m s f 5s 1951________ J& D Ohio S tate Telephone— C ons & ref s r 4s-5s 1 94 4 .-J& J O klahom a G as & E lectric— 1st M 5s 1950____________M&S D ebenture gold 6s 1940___M&S O klahom a R y 1st & ref 5s '41 - J& J Old D om inion Pow 5s M ay 15 '51 O m aha & Council Bluffs St R y— 1st consol g 5s 1928_______ J& J Omaha & Coun Bluffs R y & Br 1st cons g 5s Jan 1 1928___J& J O ntario Pow 5s '43 op to '13-F& A O ntario T ransm ission Co L td — 1st gu g 5s '45 op bef '16 ..M & N Orange & Pas Val R y— See P S C orp Oregon Elec R y 5s '33 o p t..M & N O ttaw a Elec 1st g 5s 1933 - J& D O ttaw a T raction— 1st M & col 514s Ju ly '55 --J& D Pacific C oast Pow 5s 1940-M&S Pacific Elec R y g 5s 1 9 4 2 --.J& J Los Angeles Pacific Co— ls tr e f g 4s 1950 o p t ’1 5--J& J L A -Pac R R con 5s '31 -A&O L A P a R R C al 5s '4 3 .-M&S Los Ang & Pas 5s g 1928--J& J Pacific G as & El ref 5s '4 2 ___J& J 1st & ref 7s 1940 series A ..J& D 1st & ref M 6s 1941 ser B .J& D 1st & ref 534s 1952 ser O .J& D 1st & ref 5s 1955 ser D ___J& D Gen & ref 5s 1942-- - ..J & J Pacific G as Im p 4s S ept '3 0 .Q-M Pacific L ight & Pow er C orp— 1st & ref s f g 5s 1951 op.-M & S Pac L & P Co 1st 5s '42___J& J Pacific L ighting C orp— 8ecured g 6s 1940 --------- F&A Pacific Pow & L 1st 5s '30--F & A Pacific Teleph & T elegraph— 1st & col tr s f g 5s 1 9 3 7 ..J& J 2 R ef M 5s 1952 series A ___M&N P arr Shoals Pow 5s 1952___A&O Pass & M t Lowe— See P ac E l R y Paterson R y— See P ub Serv C orp 6 Baals. B id . A sk. 9934 9934 10424 10134 105 10534 9124 92 34 96 90 90 97 92 92 101 100 9724 10I 9834 r 9824 9934 104 34 9934 98 >4 101 111 105 104 102 9834 100 91 r 101 9834 102 101 10034 10534 100 9834 102 113 10534 105 103 100 101 93 92 91 88 87 96 9624 10034 10024 10034 10034 10424 10534 112 113 10134 10324 10334 105 9534 9634 74 71 90 88 100 102 24 10334 8234 84 8234 83 9924 101 9824 10034 __ 9934 88 87 9924 10034 10334 105 106 10634 9724 98 10424 8924 90 100 115 11534 11434 115 10724 108 98 9834 10534 10524 97 9734 10134 102 100 97 9534 9634 9734 9934 35 37 9334 95 71 73 86 10134 10234 10034 10024 67 65 ____ 103 10034 10024 95 8434 96 91 92 100 10934 108 10334 9934 10134 10134 9534 85 10034 11034 104 9934 103 10324 10234 103 10234 9924 10234 10124 9634 103 100 10234 102 9734 /T his price includes accrued Interest, B id . B o n d s. Paterson & Passaic G as & E lectric consol gold 5s 1949 ___ M&S 10234 P aw tucket Gas 4s 1932 -- M&N 94 Peekskill L t & R R 5s 1930 .A&O 95 P eninsular Telephone Co— 1st 5 34s 1951_____________ J& J 10034 C onv deb 634s '34 ser A .A&O 118 P enn C entral Light & Pow er Co— 1st & ref 5s 1950 _______ A&O 101 1st & ref 6s 1953 _______ J&D 10434 1st & ref 534s 1964____________ 1st & ref 5 34s 1975 . . . A&O 99 Penn-Ohlo Edison Co— D eb g 6s 1950 ser A _. ..M & N 11534 W ithout w arran ts. . . . . 9524 Penn Public Service 5s 1962 F&A 99 1st & ref 5s 1954 ser D ._ J&D 9824 P ennsylvania E dison Co— 1st M 5s 1946 ser A . . . A&O 9924 1st M 6s 1946. . _ - . M & N 10334 Pennsylvania Gas & Elec Co— 1st 1 & ref 534s '55 Ser A .M & S 9534 D eb 6s 1976 (w ith warr)_M &S 9234 Pennsylvania L tg 5s 1940___J& J 10024 Pennsylvania-O hio Pow & L t— 1st & ref 534s '54 ser A ___J& J 10134 D eb g 6s 1939 - -- — J& J 9934 Y oung-Sh R y & L 5s '31 J& J 99 P ennsylvania Pow er Co— 1st m tge 5s 1956 - . J& J 9734 Pennsylvania Pow er & Light— 1st & ref 7s ser A 1951. F&A 10534 1st & ref 5s 1952 ser B__ A&O 99 1st & ref 6s 1953 ser C .M & S 105 1st & ref 5s ser D 1953 M&S 9934 Penn W ater & Pow er s f 5s '40J& J 10124 1st ref 534s 1953 ser A_ A&O 10434 Pensacola E l C e 1st 5s '31 -F&A 9634 People’s G L & Coke, Chicago— 1st cons g 6s 1943 -A&O 11334 Refunding gold 5s 1 94 7 .-M & S 102 C hic G L & C 1st 5s 1937. J& J 10124 C onsum G as 1st g 5s '3 6 .-J& D 101 34 In d N at G&O g 5s '36 gu.M & N 98 M u tu al Fuel Gas g 5s '47 M &N 10134 Peoples L ight & Pow er C orp— 1st lien 534s 1941 J& J 9434 C onv 5 34 % notes Dec 15 '27-’28 b ____ w ith w arrants . . . People's T raction— See P hila R T Peoria Bloom & C ham p T rac— 1st gold guar 5s 1936____M &N 9234 Peoria W W Co p r 1 5s '48 _M&N 94 1st con 4s 1948__________M&N 72 1st con 5s 1948_______ M&N 82 D eb 4s 1950____________ M &N 45 Philadelphia C om pany— 1st coll tru s t g 5s 1949___M&S 105 C ons M coll tr g 5s 1951 M &N 99 Stam ped - . . . __ __ 99.34 1st ref & coll tr 6s '44 ser A F&A 10324 C onv deb 534s 1938___.M&S 10034 Alleg Belle & P er 5s 1935.A & 0 90 A rdm ore S treet 5s 1958 A&O 64 C entral T rac 1st 5s 1929 J& J 82 C itizens’ T rac 1st 5s '27 .A&O 93 D uquesne L ight 6s 1 94 9 .-J& J 10524 1st & coll tr 534s '49 B .J& J 105 D uquesne T rac 1st 5s '3 0 -.J & J 83 Fed St & P V 5s M ay 1 '42 . J& J 75 F t P itt T rac 1st 5s 1935--J& D 70 M Illv E t & Sh 5s 1923. M &N 83 M onong St R y 5s g 1928 J& D 9134 W ilk & E P itls tg 5 s ’29 M&S 8634 M orn’side E l St R y 5s '35 A&O 90 1st & coll tr gu 5s 1933-A& 0 93 P itts Alleg & M gen 5s '30 A&O 83 P itts & Bir T r 5s g 1929.M & N 87 B K & A T rac 6s 1 93 1 .-M & S 87 Brow nsv Ave 5s 1926--F&A 85 W L iberty 1st g 5s '3 0 .-J& J 83 P itts & C harleroi 5s '3 2 .-M&N 87 P ittsb R ys 5s 1953 __ A&O 90 P itts T rac 1st 5s 1927 ..A & O 87 So T rac 1st & coll tr g 5s '50 A&O 65 2d Ave T r 1st 5s 1934____J&D 70 Gold 5s Ju ly 1933- - J& J 80 U nited T rac 5s 1997 ctfs J& J 64 W est E nd T rac con 5s '3 8 .J& J 7334 Phila E lect 1st 5s 1966_____ A&O 10434 1st M 4s 1966 - ______ A&O 8734 1st lien & ref 6s 1941____J&D 107 34 1st & ref 534s 1947 _____J&D 10634 1st lien & ref 534s 1953..M & N 10634 F irst lien & ref 5s 1960___J& J 10224 Philadelphia Elec Pow er Co— 1st m tge 534s 1972 ___F&A 10224 Phila & G arretsford S t R y— 1st 5s 1955______________ F&A 76 Philadelphia R apid T ran sit— Coll tr g 5s 1957 o pt s f..F & A 84 S f guar 5s '62 o p t '17 ____M&S 91 6s gold 1962.......................M&S E q tr 5 34s ’27-’33 (s-a) P&A 9924 E q 534s ’27-’34 (y r)..J& D 15 D arby M edia & Ches S t R y 1st 434s '36 o pt '16 gu _J&J 86 H est M an tu a & F airm 534s '34 95 87 U nion T ractio n — Elec & Peo 4s tr ctfs '4 5 . A&O 56 People’s T ractio n Co— P P R y tr ctfs 4s '43 -F&A 64 W Phila Pass 2d 5s '2 6 -M&N E xtd a t 534% to 1956____ Philadelphia S uburban G as & Elec 1st M & ref g 5s '60 op '15 F&A 101 Gen M 6s 1969- ____- J&D 10424 106 P hila & W Ches T r 4s 1 954.-J& J 60 P hila & W est R y 5s 1960------J& J 96 Piedm ont & N orth 1st 5s 1954-J& J 9334 P itts Alleg & M an— See Phila Co P itts & B irm T r— See Phila Co P itts & C harleroi— See Phila Co P M cK & Con— See W Penn Rys P ittsburgh T rac— See Phila Co P ittsb u rg h R ys— See Phila Co P ittsburgh U tilities C orp.— 99 34 P ontiac L ight 1st 5s 1 9 2 7 ..J& J P ortland (Ore) E lec Pow er Co— 1st 1 & ref 6s 1947 ser B ..M & N 100 1st 1 & ref 534s 1951 serC -M & N 97 P ortland (Ore) G as & Coke— 1st & ref g 5s '40 o pt '2 0 ..J & J 9934 1st general 7s 1940_______ J& J P ortland G as 1st 5s 1951-F&A 10424 99 it Last sale. 1 In London, n Nominal, A sk. 103 34 9534 10134 102 105 10034 11634 95 34 100 9924 10434 97 95 10134 102 9924 100 98 10634 9934 106 9934 __ 9834 10234 10234 9834 103 9634 94 100 9924 104 10134 66 85 97 106 10534 86 78 75 88 94 90 95 86 90 95 89 93 67 75 66 77 10424 10724 10734 10734 103 103 78 86__ 9934 88 97 8734 5634 99 10234 10524 1063 4 65 97 94 10034 10034 98 100 10534 101 B o n d s. P ortland (M e) R R 3 34s 1951-J& J 1st 1 & con m 5s 1945 --M & N P ortland R y L t & Power— 1st & ref s f 5s 1942 op - F&A 1st & ref 6s 1947 series B M&N 1st 1 & ref 7 34s '46 ser A .M & N P o rtl’d R y ref 5s '30 op M&N C ity & Sub con 4s '3 0 .-J& D P o rt Gen Elec 1st 5s '3 5 .-J& J P ortland (Me) W ater 4s '27-F& A Porto Rico R ys, L td— 1st g 5s N ov 1 1936 op -M & N r Gen & ref 5s £ 1962______ M&N r P orto Rico Telep 6s 1944___J&D Potom ac Edison Co— 1st M 6s 1949___________M&N 1st m tge 5s 1956 ser E . M &N Potom ac El Pow 5s '29 o p . J& D C ons M g 5s 1936 guar J& J G en lien & ref 6s 1953____A&O R efunding 7s 1941_______ A&O Pow er C orp of N Y— 1st M 634s 1942 Ser A .M & N 1st M s f 6s 1942 Ser B ..M & N D eb g 634s 1927 - - - - F&A Pow er Secur coll tr 6s '49 - J& D Incom es June 1949 F&A / P rov Secur— See Steam R R ’s— Public Service Co of Colorado— 1st & ref 6s 1953 series A M &S 1st & ref 5 34s '54 series B M &S Public Service Co of N or 111— 1st & ref g 5s 1956 op '21- - A&O 1st ref 5 34s 1962 series A . J& D 1st & ref 5 34s 1964 series B .J& J 1 s t* ref ,5s 1966 series C .M & N D ebenture 5s 1931 - - -M & S Public Service Co of O klahom a— F irst & ref 5s 1966 ser C M&N 1st m tge 5s 1961 ser C M &S Public Service C orp of N J — T ru st certs 6% perpet ..M & N Secured 6s 1944. ________ F&A Secured 534s 1 9 5 6 --. - - J& D C am den Sub 1st 5s 1946 J& J C ons T rac 1st 5s 1933 J& D Eliz P lainf & C ent Jersey R y— 1st g 5s D ec 1 1950 J&D E lizabeth & T ren t 5s '62 A&O J O Hob & P at 4s 1 94 9 .-M & N N ew ark Pass con 5s '30 . J& J N ew ark T erm R y 5s '55 J& D N H ud Co R y cons 5s '28 J& J N or Jer St R y 4s 1948 -M&N Or & Pass Val 1st 5s '3 8 .-J& D P aterson R y— Con 6sg’31-J& D 2d 6s '14 ext 5% to '4 4 .A&O R iverside T rac 5s 1960 J& D So Jersey G as E l & T rac— G uar g 5s M ar 1 1953 -M&S Public Service Elec Pow Co— Is tM s f 6s 1948__________A&O Public Service Elec & G as Co— 1st & ref 534s 1 9 5 9 -.- - -A&O 1st & ref 534s 1964_______ A&O Public U tilities Evansville— 1st & ref 6s 1929_________ J& J P uget Sound Pow er Co— 1st g gu 5s 1933 o p t ------J& D P uget Sound Pow er & Light— 1st & ref 534s 1949 - - _ J& D 1st & ref 5s 1931 series B F&A P uget Sound E lectric R y— 1st consol g 5s '32 op .F& A T acom a R y & P 5s '29.A & 0 ~ 1st M s f 6s 1953 ser A .A& O r B id . A sk. 61 82 9134 100 10634 9424 92 10034 9924 90 ____ 101 103 97 100 10024 10724 10524 105 102 100 92 8534 64 84 9131 10034 10624 9534 ____ 10034 ____ — ____ 104 105 9734 101 101 108 10634 107 103 100 9334 8734 10134 98 9934 105 105 9934 ____ ____ 96 105 10324 10034 84 61 52 82 50 81 9924 90 83 50 80 50 80 101 10624 10434 10434 10024 10034 100 98 92 92 10334 10524 96 10124 10634 101 9634 9934 9134 97 96 101 10134 102 3^ 100 9934 10524 105 34 9924 ____ ____ 9734 106 104 10034 85 63 ____ 8334 52 83 10034 85 ____ ____ ____ ____ 102 10734 105 105 10134 10134 10034 99 93 9334 10424 106 Queens Bor G as & El 5s *52_J& J R ef 6s 1 9 5 3 -.- -------- M&S R ef 5s 1955 - - - - - M &S Ouincv (111) G as Elec & H eat— _ Ouincy G & E 5s 1929— M&S Ouincv (111) R y 5s 1932----F&A Racine (Wis) W ater 5s '31-M & N R ailw ay & Light Sec 5s var . _ R ap T r S t Ry— See P ub Ser Corp R eading T rac 6s 1933----------- J& J R hine-W estphalia E l P r (G erm 'y) M tge g 7s 1950 ----------- M&N R ichm ond (S I) L t & R R — 1st coll tr g 4s 1952----------- J& J 81 Rio de Janeiro T ram L t & P — 1st g 5s 1935--------------------J& J 94 R iverside T rac— See P ub Ser C orp R oanoke G L 5s 1927--------- A&O 100 Roanoke R y & E l 5s 1 9 5 3 .-F&A 99 Roanoke T r & L t 5s 1 95 8 .-F&A 9734 R oanoke W W 5s 1950--------- J& J 90 R ochester G as & Elec Corp-^_ _ _ G en M 7s 1946 series B__M&S 11134 G en M 5 34s 1948 series O -M & S 10534 Roch R y & L t 5s *54 o p t------J& J 103 T ax exem pt----------------------R och R y cons 5s g 1930--A&O 9534 9ii Rs g 1933 - . -J& D 84 1st M conv 5s 1957--------M&N 24 Roch Telep gen 5s 1933— A&O 99 1st & ref 6s 1946---------------A&O 10134 4 R ockf B eloit & Zanesv 5s *30 A&O R ockford (111) E lectric Co— ____ 1st & ref s f 5s '39 op '14-M &S 10034 Rom e (Ga) R y & L 5s '4 6 .-A&O 96 Rom e (N Y) G as, Elec L t & P— 1st 5s 1931___________ -J& D 100 99 R um ford Falls Pow 4s 1945-A&O 90 G en M 4 34s D ec 1929. - -J& D 97 R utland R y E t & P 1st 5s’46.M & 8 Sacram ento Elec G as & R y— C ons 5s N ov 1 1927. - M &N St C harles S t R R — See N Orl R y & Light St C lair C ounty (111) G as & E l— 1st cons guar 5s 1959------M&S 9834 St Joseph Gas— 1st 5s 1 93 7 .-J& J St Joseph R v. L t H eat & Pow er— 9524 St Joseph W ater 5s 1941------A&O 95 St Louis R R — See Un Rys (St L) St Louis Springf & Peoria R R — 1st & ref gu g 5s '39 o p t..J& D 9024 St Louis & Springf 5s 3 3-J&D St L & Sub R y— See Un R ys(St L) St L T ran — See U n R ys (St L) S t M aurice Pow er L td — 1st M 644s 1953 ________ F&A 1C834 r Canadian price, s Sale price. 10234 107 34 10134 9734 ____ 93 99 ____ 103 10124 8634 95 ____ 100 9834 92 10334 ____ 9634 88 25 101 10534 7 ____ 97 101 100 92 99 9934 9634 96 92 109 40 PUBLIC UTILITY BONDS [Vol .124 NOTICE.— All bond prices are “ and interest" except where marked “ f” and income and defaulted bonds. B o n d s. B o n d s. B id . B id . A sk. S t P aul C ity R y— See Tw in C ity R T Southw estern L ight & Power— S t P aul Gas Light— 1st & col 6s 1937________ M&S 1 0 8 % Gen gold 5s 1944 M&S 100 % Southw est Pow er Co— Gen & ref 5 % s 1954 ser B . J& D 10244 10144 1st M 644s 1944 series A.M & N 101 10344 Southw estern Power & Light— Gen & ref 6s 1952 _ _ . J& J 106 107 Salisbury & Spencer— See N o C ar o P ub S Brvice 1st lien 5s 1943 . ______ J& D 9644 Salm on R iv Pow gu 5s '52 op F&A 102 % 10344 D eb g 6s 2022 series A . . .M&S 9944 Salt Lake Term 6s 1935 J& D Southw estern Public Service Co— Salt R iver Val W ater U sers Assn 1st M s f 6s 1945 ser A ____J& J 9744 6s 1938__________________P&A 101 M issouri 5s 1 &S 105 S W W M o E l RRyRref 5s 931.-M & S f -----San A ntonio G & E 5s 1949-M & S 98 S ’23. .M f ____ San A ntonio Public Service— Spg B r’k W at 1st ref 5s ’65.A & 0 10044 1st ref 6s 1952 series A ____J& J 10614 10644 Spring Val W at 1st 5s '4 3 .-M&N 9944 San A ntonio T r 1st 5s ’49-M & S 93 95 Springfield (O) L t, H t & Power— San Diego Consol G as & Elec— 1st s f g 5s 1929 --------- F&A 9 9 % 1st g 5s 1939 o pt 1914___M&S 10144 102 G eneral & ref 5s 1933 ___A&O 9944 1st & ref 6s 1939 ser A ___M&S 10344 104 Springfield & N E T r— 1st & ref 5s 1947 ser B __M&S 10044 10144 1st 5s 1936_______________ J&D 84 1st & ref 6s 1947 ser C ____M&S Springfield (O) R y 1st 5s ’35 M &S 54 Sand Frem & So R y— See Lake Sh E10444 105 l Ry 1st M 5s 1928-1935.------ M &S San F ran G & E 4 % s 1933--M & N 9844 9944 S tandard Gas & Elec of D elaware qq % 9744 98 San Joaquin L t & Pow er Corp— D ebenture 6s 1951. . F&A 1st & ref g 6s '50 ser A ___F&A 10444 D ebenture 6s 1966 - J&D 9844 104 Series C __ _ Ref & im p t 644s ’53 ser A .J& J 107 U nif & ref 7s 1951- _____M&S Steinw ay R y— See N Y & Queens Ry U nif & ref 6s 1952 ser B__M&S 10844 10944 Stettin P ub U til 7s 1946____A&O Co 9844 U nif & ref 6s M ay 1 ’54 E .M & S 103 Gas Co 10344 Suburban 5s A pr 1 of Philadelphia 102 San Joaquin Light & Pow er— 1st s f g '52 op '07 A&O 1st 5s 1945 opt aft 1910 J& D 10144 Superior W ater, L ight & Pow er— Sao P aulo T ram L t & P r, L td — 1st 4s M ay 1931 . . . M&N 9544 1st g 5s June 1 1929 _ J& D r 97 R ef 5s 1929___________ M &S 9844 Syracuse Gas g 5s 1946--------J& J Sauda Falls Co L td— 1st s f 5s 1955 ser A - A&O 9744 9754 Syracuse Lake Shore & N orth— 10244 Savannah Elec & Power Co— 1st M g 5s '47 opt '1 7 — M&N 1st & ref 744s 1942 ser A- _A& 0 Syracuse Lighting 5s g 1951 - J& D / 11 Savannah Elec Co 5s g ’52_ J& J 10744 109 Syrac R ap T r 1st g 5s 1946.M&S 10244 97 72 9844 2d m tge g 5s 1930 Sayre (Pa) Elec 5s 1947____A&O 98 100 T acom a R y & P— See Puget .J& J 7344 Schenectady R ailw ay Co—Soun d Elec 1st M 5s 1946 opt 1919--M&S 61 T am pa Electric Co— f o p ...J & D Schuylkill T rac 1st 5s 1943--A&O 58 1st M g 5s 1933 s 10044 Scioto Valley R ailw ay & Pow er— / ____ Tenesssee Electric Power— 1st s f 6s 1943-- _______ J& D 1st & ref 6s 1947 ser A — J& D 10544 Scranton Elec 5s ’37 opt ’12-J& J 102 1st 5s 1956 J& D 103 T enn & ref gu 5s 1962- o p-- .M &N 97 8% gold bonds Jan 1931--A&O Pow t. 97 8cranton R y— 1st 5s N ov ’3 2 -J& J 70 ater M&S 75 T enn W au te 1st 5s 1946—E ast— 1st & ref 5s 1947 _ _ _ F&A 70 H 75 T erre & ref’s f Indianap o & & O Scran T rac 1st 6s g 1932-M &N 1st g 5s ’45 96 Terre H aute Traction &pt..A — 75 Scran & W ilkes-Barre T r C orp— 94 Light Coll tru st 6s 1934 _ A&O 98 1st con M g 5s 1944------- M&N 9344 100 1st & ref 5s 1951________ F&A 82 T erre H aute E l 5s 1929----J& J 84 Seattle Elec 1st g 5s '30 opt-F& A 101 T erre H aute W W Corp— Con & refg s f 5s 1929____F&A 9944 10044 1st M 6s 1949 ser A . . J& D 103 S eattle-E verett T raction— 1st M 5s 1956 ser B ______ F&A 9344 1st M g 5s 1939 opt 1914-.M & S 93 94 Tex Elec R y deb 6s 1942____J& J 25 S eattle L tg 1st 5s '44 opt ’10-M&S 100 1st & ref 5s 1947 -------- — J& J 39 R e fg 5s 1949 opt 1914---A & 0 9444 9544 Tex T rac 1st 5s ’37 o p t— J& J 75 D eb s f 6s 1936___________F&A 9844 9944 Texas-Louisiana Power Co— Second Ave— See N Y R y s. 1st 6s 1946 series A __ __J&J 9644 Second Ave T rac— See Phila Co— Texas Pow & L t 1st 5s '3 7 .-J& D 9944 Seneca Pow Corp 6s 1946 M &S D eb g 6s 2022 ser A _____ J& J 9944 Shawinigan W ater & Power— 1st & ref 5s 1956_______ M&N 9644 1st cons s f 5s 1934 -- J& J 102 T hird A venue R y (New Y ork)— 1st ref 544 s Jan 1 1950___J&D 10144 105 1st ref g 4s 1960 opt aft '14 J& J 10444 1st ref 6s 1950 - - J& J 10544 10644 Adj inc g 5s Ja n 1960 opt.A & O / 6544 Sheboygan Elec— See E ast W is E! T hird Ave R R 1st 5s g ’37-J& J 6344 97 Shenango Val W ater 5s 1956A&O 93 D rv Dock E Bway & B attery 94 Shreveport Rys 1st 5s ’27-’44-J& J 1st 5s gold 1932 . .J& D 85 Silesian Elec Corp s f 614s ’46F&A 96 Gen ref M ser C inc Jan 1 >60 97 Sierra & San Francisco Power— 42d St M & St N 1st 6s 1920 ext / 7 1st g 5s 1949 opt F&A 95 a 9544 Sou t B5% to 1940_______ M&S J 9344 2d M 6s 1949 series A . ..J & J 93 oulevard g 5s 1945. _J& 2d M 5s 1949 series B . .J & J 8144 93 54 U nion R y 1st 5s g 1942- - F&A 7244 82 44 W estchester E l 1st 5s g ’43 J& J 8244 Silesian-Amer 7s 1941 . . . 9444 95 Sioux C ity G as & Elec Co— Y onkers R y 1st 5s 1946.-A&O 7344 74 1st 6s 1947 ser A _____ M &S 103 44 10444 T hirty-fourth St Crosstow n— See N Y R ys 1st 6s 1949 ser B _ . _F&A 10344 10444 Tidew ater P r 1st & ref 6s’4 2.A & 0 103 1st 25-yr 514s 1950 ser C .F& A 101 1st ref ser .A&O 99 102 Tiffin &(O) 544s 1945 orksB Co— Sioux C ity Service Co— W ater W 1st M 5s 1932. . - _ .M & 1st M 6s Jan 2 1951. --J& J 101 102 Toho Electric Power .(Japan) — N 94 Som erset Un & M iddlesex L tg— M tge g 4s Dec 1 1943 „.J& D 88 1st s f 7s 1955 ser A -..M & S15 97 So C ar G as & El 6s 1942.-M & S15 93 6% -- -J& J15 98 95 T okyo notes L1929- Co (Japan) — Conv 6s Dec 15 1932..J& D 15 82 Elec ight South Cov & Cin St R y— See Cin N ew & Cov R y 6% 3-year gold notes 1928.F&A 9844 South F erry— See N Y Rys Toledo Bowl Green & Southern 8outh Jer G E & T — See Pub Serv Corp 1st M 6s 1941- _ . - - .M &N 91 South P ittsburgh W ater Co— Toledo Edison 1st 7s 1941-.M & S 10844 1st lien & ref 5s 1960 ser A . J& J 9644 97 1st M 5s 1947___________M&S 10044 1st M 5s 1955 - ____F&A Tol Frem orw — ake Shor 9744 98 Tol C. E && Ncon 1st See L’3 5-A&O e E l R y Southeastern Pow er & L ight— H g 5s 102 D eb 6s 2 025___ . . ..M & S 9644 9644 Tol & Indiana 1st 5s 1931---J & J 92 Southern Bell Telep & Teleg— Toledo T raction L ight & Power— 1st s f g 5s 1941 o pt 1916--J& J 103 5 44 % notes July 15 1930.J& J15 9 8 % 1st & ref 5s 1954 ser A ____F&A T opeka Edison 5s Sept 1930-J& J 9944 T opeka Ry 5s 1930 opt 1915-J& J 9844 Sou B ’v ard— See T hird Ave R y Southern California Edison— T opeka R v & L 1st 5s 1933.F& A 9644 G en g 5s N ov 1939 o p t____J& J T renton G & E l g 5s 1949 M&S R efund 6s 1943 ................... A&C 10144 10244 T renton(M o)G & E 6 44s’3 5.A & 0 10244 10444 105 T renton S t Ry con g 5s '38-J& J Gen& ref 5s 1944. ______ F&A 10044 10144 55 R efunding 5s 1951.. - _.J& J 44 9844 T renton Pass 6s Sept 30 '31-A&O 85 Southern Cal G as 6s 1950 .M &N 197 % 10544 T ri-C ity R y & Light— 04 1st & ref 6s 1958 series C J& E 104 1st &" ref g 5s 1930 o p t ------J& J 9744 104% 1st & ref 7s 1951 series A . M&S 107 108 T ri-S tate Telep & Teleg— 1st & ref 514s 1952 ser B .M & S 10044 10144 544s 1942 _________ . . . M&N Southern C alif Telephone— T roy C ity R y— See U n T r (Alb) 1st M 5s 1947. ______ . . 10144 T roy Gas 2d 6s ’23 ext to ’39 F&A 102 Southern C anada P r Co L td — 1st 5s 1939-. . ._ - M&N 98 1st M 5s 1955 ser A . . A&C r 9744 9844 28th & 29th Sts— See 3d Ave Ry Southern C ities U tilities Co— 23d S treet R y— See N Y Rys 1st lien 6s 1951 ser A . .J& E Tw in C ity R apid T ran sit Co— C onv deb 6s 1936 ser A A&C 9844 99 St P aul C ity 1st g 6s 1932 A&O n 103 94 96 Southern Colorado Pow er Co— 1st cons 6s g 1934_____A&C n 103 1st g 6s 1947 series A .. J&„ 10044 10054 9544 Southern C ounties G as Co of Calii G uaranteed . __ __. 9544 1st g 5 % s M ay 1936_____M&N 10044 10144 M inn St & St P aul C ity — Southern Gas Co— Cons guar g 5s 1928___A&O 97 in Gas & 1st 644s 1935 w ith w arr.-M & b 102 102J4 Tw1st States 5s O ct E lectric— Southern Gas & Power C orp— & ref 1953____A&O 9944 1st & ref 5 44s Conv 6% notes 1930_____J&E 98 100 T yrol 1H ydro-Elec1945 Ser A.M&S 10344 Pow Co— S f deb 644s 1936 serA___A&C Southern Illinois L t & Pow er— 1st M s f 744s 1955_____ M&N 99 Bower (Japan)— 1st M 6s 1931 o p t. . . _J&. 103 10444 U jigawa sElec 1945_______ M&S15 99 1st M f 7s Southern Indiana G as & Elec— U nderground Elec R y of London D eb 7s 1934_____________ J&. 444s Jan 1 1933___________J&. South N E Telep 1st 5s '4 8 .-J&E 10044 9644 105 f 96 44 D nited Rys St 1st M 6s 1955____________J&D 9844 100 U nion E lepot— See UCo of S t L— Louis Southern Pow 5s 1930 o p t. M&S 9944 101 Union "Lt & Pow 1st g 5s Sept 1 1932 stpd.M & S 10144 Southern Sierras Power— Ref & ext 5s '33 op aft ’18 M&N 10144 1st s f gu 6s Sept '36 op '18-J& . Union Elec L & Pow of Illinois— Southern T rac— See Phila Co— 1st g 544s 1954 serA . . J&. 10244 Southern Wise Pow 5s '38 .A&C 92 93 Southw estern Bell Telep— Union E lev R R — See N W Elev 1st & ref M 5s 1954 ser A .F& A 10344 104 U nion R y— See T hird Ave R j B o n d s. B id . Union T rac Co of Indiana— ___ 1st 5s T9 ext a t 6% to '3 2 .J& J 1944 Ind ianap N orth 5s' 1932 .J& J 2344 102 M un & U n C ity 5s 1936.-J& J ’ 4 U nion W ater Service Co— 9744 F irst lien 544s 1951 ser A M&N 95 100 U nited Elec L t & Power B alt— 99 1st cons g 4 44s 1929 __ M&N 99 U nit Elec Co of N J 4s ’4 9 .-J& D 88 U nited Elec R ys (Providence)— Prior lien M 4s Jan 1946 ser B _ 78 G en 10244 G en ref M 5s Jan 1951 ser A ---- 78 M 4s Jan 1951 10044 U nited reflectric Securities ser B _. 66 E Co— Coll tr g 5s 1933 to 1955--F&A b 5.35 10044 U nited Fuel G as 6s 1936 -J& J 10244 744s Aug 15 1931_____F&A15 U nited Fuel & Supply— 1st M g 6s A pr 15 1941--A&O 97 % 57 U nited Gas & E l (S F) 5s '3 2 .J& J 100 U nited Ilium Co New H aven— 1st 4s Feh 1 194(1 F&A 9444 101 100 U nited L ight & Pow er Co— D eb g 644s 1974________ M&N 98 % 99 ino 10744 is t i & consol 5 44s 1 95 9 .-A&O 9844 D eb g 6s 1975 -- M &N 9344 99 U nited L t & R ys 1st 5s ’3 2 .-J& D 97 1st 1 & cons M 6s '52 ser A A&O 10044 U nited Pow er & T ran — Del Co & P hi t r ctfs 4s ’4 9 .J& J f 40 9644 U nited R ys tr ctfs 4s ’4 9 .J& J 64 U nited P ub U til 6s 1943____J& J U nit R ys & Elec (Baltim ore) 1st consol g 4s 1949---- M&S 70 12 1st con M 6s 1949. -- .M&S Incom e g 4s 1949 op '2 9 --J& D Inc funding g 5s 1936------J& D 76 76 6% gold notes 1927 - F&A 100 B alt Sparrow s P t & Ches— 1st g gu 4 44s 1953— F&A B alt T r Co 1st M 5s '29.M & N 85 102 N o B alt D iv 1st 5s ’4 2. - J& D 9944 10544 C ent R y con M g 5s 1932.M &N 9944 E x t & im p 5s 1932.- -M&S 9944 9744 Lake Ro E l 1st 9744 U nited R ailw ays of H5s ’42.M & S 9944 av ana— E q 744s Feb 15 ’36____F&A 15 111 7944 U nit R ys (Phila)— See U nit P & T U nited R ys of St Louis— G en g 4s Ju ly 1 1934 ____J& J 77 95 G en g 5s A pr 1 1923 gu.-A & O / 8144 St Louis T ran s Co 5s '2 4 .-A&O / - U nited T raction (A lbany)— 9444 C on g 444s 2004. - __J&D 37 30 A lbany R y con M 5s g ’3 0 -J& J 72 Gen g 5s 1947______ .J& D 4044 T roy C ity R y 5s g 1942 -A&O 44 80 U nit T r (P ittsb )— See Phila Co. 98 U nited U til 1st 6s ’43 op T 8 J& J 10044 U rbana & C ham R y G & E — 100 5s 1929 . ___ . . . . . -97 U tah G as & Coke 1st 5s ’3 6. J& J 9544 U tah L t & P cons g 4s ’30 -J& J 9644 65 Vs P 1 5s 1 9 3 0 .. -- ____..J & J 9944 63 44 U tah L ight & T ractio n — 9744 1st & ref 5s 1944 series A A&O 9344 U tah P & L 1st 5s 1944____F&A 9744 D eb 6s M ay 1 2022 - M&N 9844 90 1st 1 & gen M 6s 1 9 4 4 .. -F& A 103 44 U tica E l & P 1st 5s 1950 J& J 10244 U tica G & El ref & ext 5s ’5 7 .J& J 10244 G en 544s 1949 ____..J& D 1 5 104 Gen M 5s 1956 ser D --A& O 100 U tica & M ohaw k Valley R y— 1st g 444s 1941__________M &S 60 U tica B elt L 1st g 5s '39 M&N 80 104 Valley C ounties Pow 5s '30-M & N 101 V erm ont H ydro-E lec C orp— 1st M 6s 1929 . A&O 10044 98 V erm ont Pow & L tg 5s '27 M&S 97 Vicksburg G as Co— 9744 Serial 6s 1927-1945 - --J & J 95 9844 V icksburg L & T r 1st 5s '32 J& J 100 1st M 7s 1932 . . . . . . -J& J 103 - M&S 100 9844 D ebenture 6s 1930 Virginia Pow 1st 5s 1942- J&D 9944 93 Virginia Elec & Pow er Co— 10844 1st & ref 5s 1955_______ A&O 96 10144 Virginia P ublic Service Co— 1st & ref 544s 1946 ser.-A F & A 96 10244 Deb s f 6s 1 9 4 6 . - . ____F&A 9444 93 Virginia R y & Pow er— 1st & ref g 5s 1934 . - J&J 9844 99 N orf & A tl T erm 5s '29- M&S 9944 10044 W N orfA& P orts T r 5s t’36 __ J& D 9744 99 44 ash lexandria & M Vernon— 9744 1stC g 5s 1955 o p t______ _M&£ / 6 ertificates_________ ________ / 4 103 W ashington B alt & Ann E l— 1st M 5s M ar 1941 op M&S 6344 W ash C oast U til— See P uget Sd P ow & L W ash’n (D C) G L 5s I9 6 0 --M&N 100 9844 6s M 1933 series A .. .-A&C 10344 W ash R y & El g 4s 1951- -J&E 8344 G en & ref 6s 1933______ M&N A nacost & P o t 5s 1949. -A&C 10344 95 103 95 C ity & Sub 5s g 1948 -F&A 91 100 W ashington W ater Pow er Co— Consol & coll t r g 5s 1929 . J&« 100 1st ref 5s 1939 o p _______ J&( 10244 W aterloo C ed Falls & N o R y— 1st M s f g 5s 1940 op T 5 J& . / 8 9544 / 8 9544 W a te rt’n L&P— See N o N Y U ti W estchester Elec— See 3d Av R j 9744 W estchester L t 1st g 5s ’50. J& I 10244 N Y Sub G as— 1st g 5s '49.M &S . . . 10044 W est C hester (Pa) St R y— 10444 1st g 5s Aug 7 1932 ___F & / 76 1st collateral 6s 1939___.A&C 90 9944 W est E nd St R y— See B oston E W est L iberty St R y— See Phila Cc 9944 W est Penn Pow er— 1st M 5s ’46 op ’21 ser A.M&S 100 1st M 5s 1963 series E ____M&S 10044 105% 1st M 5s 1956 series G .. J& E 100 W est Penn R ailw ays Co— 10144 1st g 5s Jan 1 193l . . A&C 10044 10144 P itts M cK ees & C onnells R I 1st cons 5s Jan 1 '3 1 . --J& . 9844 10244 W est Penn T r 1st 5s I9 6 0 .-J& E ' 94 W P hila P ass R y— See P hila R 1 A sk. a Purchaser also pays accrued dividend. &B asis, d Price per share, not per cen t. /T h is price includes accrued in terest, iP e r cent of par value. 1C anadian price, s Sale price, z E x-dividend. y E x-rights. k A sk. 2144 2444 9744 99 44 89 80 80 68 5.10 103 9544 9944 10044 99 9444 97 % 10114 65 7044 97 44 5 2 14 7644 88 100 100 % 77% 81% 40 47 48 9644 9744 100 44 9344 9814 99 10444 10344 105 101 65 82 101 14 100 102 105 102 100 96 44 98 96 44 99 44 98 44 64 44 83 44 104 97 97 10044 10344 10 10 102% 81 94 100 44 100% 100 % 98% 96 B ast sale, n N om inal, J a n ., 1927.] 41 PUBLIC UTILITY BONDS AND STOCKS N O T IC E .— A ll b o n d p rice s are " a n d I n t e r e s t" e x c e p t w h e re m a rk ed “ f ” a n d in c o m e a n d d e fa u lte d b o n d s . B o n d s a n d S to c k s . B id . A sk. S to c k s. P a r. B id A sk. S to c k s . Par B id . A sk. A rkansas C ent Pow er, $7 p ref (t) d 10134 10134 Copsolidated Gas (N Y )— S eeund er N Y Ciy A rkansas N atu ral G as________ 10 d 734 102 734 Consol Power & L tg p ref(7 % ) 100 100 101 A rkansas Pow & L t $7 p re f-.(t) 10134 10234 Cons T rac of N J — See P S Corp W estern Power Corp— _____ 25 Assoc’d Gas & El com Cl A _(f) d 3634 37 Consol W ater (Utica) Cl A ..1 0 0 24 — 51 7% preferred_______________100 105 P ref (original) S3 34 d iv ____(t) d 50 W estern Public Service Co— 88 Cons T rac (P ittsb )— See Phila Co $6 dividend series_____ (t) 100 10034 P ref $634 div series_________(j) d 86 P ref 9534 C onsum ers Gas (T oronto)_____50; 17234 17234 d 9434 W estern States Gas & E lectric— 102 C onsum ers P r (M aine) p f 6% .100 9934 10034 101 10134 P ref §7 dividend series_____ (t) d 100 106 p aid )____ 6.6% preferred____________ 100 104 102 10234 O ption w arrants (full p a r)_____ d 9834 9934 C ontinental G as & Elec c o m ..l0 0 200 215 6% gold notes 1937_____A& d 5834 9734 9834 O ption w arrants ($55 30 ' 100 7% prior p referred _________100 99 W estern T & T coll tr g 5s '32 J<! 10034 10034 A ugusta-Aiken R y & E l______ 100 25 65 6% preferred__________________ 104 105 P re fe rre d __________________ 100 60 W estern Union Telegraph Co— 120 C ontinen Pass R y— See Phila R T 25-year g 5s 1951_______J&D s 10034 s 101 Bangor H ydro Elec com ______ 100 117 C um berland C o(M e)P & L t pf 100 d . . . 7 % preferred______________ 100 108 W estern U nited Gas & Elec Co 109 97 ~ D allas Power & L ignt 7% pref 100 108 1st 514s 1955 Ser A ____ J&D 10034 10034 6% preferred_______________100 95 D ayton Power & L ight p ref___100 101 10134 West Un Teleg coll tr 5s 1938-J& J 10134 10134 B aton Rouge Elec C o_________ (t) 60 Preferred Series A__________ 100 D ayton & W estern, com m on..100: Fdg t R E M I H s g '5 0 .-M&N 9834 99 Bell Telephone (C anada)_____ 100 100 137 P referred ___________________100 136 11134 11134 Birm ingham Elec $7 pref____ (f) d 106 107 D enver Tram w ay (new) c o m .. M ut Un6s ext a t 5 % to ’41.M&N 10134 P referred__________ _______ 105 N orthw ’n gu g 434s 1934--J& J 98 2234 2334 9834 Blackstone dVal Gas & E ________50 d 103 D erry (N H) Elec Co 7% pref .100 97 P re fe rre __________________ 100 104 W estphalia United El P r (Germ) D etro it E dison_______________100 133 1st M s f 634s 1950______J&D 9634 9634 Bleeck St & Ful F y— See N Y Rys 13534 2 3 D etro it U nited R y ___________ 100 98 B oston Consol Gas 6 34% pref 100 10734 W hatcom Co R y& Lt 5s 35.M&N 96 28 B oston E levated R R com ____100 x 8334 8334 D uluth-Superior T rac C o____100 25 Wheeling (W Va) Electric Co— 42 P re fe rre d __________________ 100 x 99 P referred ___________________100 37 1st M 5s 1941 o p t_______ M&N 9934 1st preferred_______________100 x 11034 11234 D uquesne Light— See Phila Co— 96 Wheeling T rac 5s g 1931____J& J 93 2d preferred________________100 10634 E astern Conn Pow 7% 1st pf.100 9034 9134 B razilian T r L & P L td ________100 106 _ 30 10334 E astern M ass St R y com _____ 100 29 103 r 10334 B ’w ay & th Av R R 69 F irst preferred stam ped____ 100 65 9334 94'4 B rockton7 Gas Light—Bee N Y R ys 48 65 C o_______ Preferred B stock__________ 100 63 10134 10134 Brooklyn C ity R R ____________ 25 d 46 10 d 634 634 A djustm ent stock__________ 100 4734 4834 W ilkes-Barre & H azleton R R — Brooklyn Edison C o__________ 155 E astern N J Power 8% p ref__ 100 103 1st coll tr g 5s 1951____M&N1„ / 47 49 B klyn-M anhat T ran v t c (no p100 154 a r ) d x 6734 E astern Shore G & El 8% p f.2 5 2534 26” Wilk & E P itts St R y— SeePhil Co 90 P ref v t c ser A ______ (n o p a r ) d 8734 6834 E astern States Pow Corp com _ .f 10 13 W’m sport Gas— 1st g 5s '39.F& A 9934 — B rooklyn Union G as____ (n o p a r ) d 9134 92 ' 95 P ref w ithout w a rra n ts________t 92 W ilmington & C hester T raction— Buffalo G eneral lectric, W a rra n ts_____________________ Coll tru st 6s ext 1933____A&O 95 96 B uff N iagara & EEast Pow (no p a r ) com (t) d 28 90 2834 E astern Texas Elec Co new ___(t) W ilmington (Del) G as Co— 107 P referred ___________________100 105 1st & ref s f 5s 1949______ M&S 9634 9734 P re fe rre d ___________________ 25 d 2534 26 California-O re Power p re f____100 10234 104 E ast B ay W ater (San Fr) c o m .100 1st & ref 6s 1 9 4 9 ................M &S 99 C alif R y & Pow prior pref___100 125 Preferred A ________________ 100 97 9734 — 1st & ref 7s 1949__________M &S 104 C am bridge Elec Light C o _______ 145 Preferred B ________________ 100 105 148” W ilmington (Del) L t & Pow Co E ast R ead’g E l— See R ead’g T rac C am bridge Gas Light C 98 C am den & Sub R y— Seeo______25 d 79 1st M 5s 1960___________ A&O 97 P S Corp E dison Elec Ilium (B o sto n ).. 100 229 22934 Winnipeg El Co 1st ref 5s '35 J& J r 9734 99 Edison Elec Iilum (B rockton)___ 6334 65 R ef M 6s 1954___________ A&O 99 100 C anadian G eneral E lectric___100 P re fe rre d _____________________ 5534 57 E ighth Ave R R — See N Y R ys — Winnipeg E L S t R y 5s '2 7 ..J& J — Cape B reton E l Co p ref______ 100 45 50 E lectrical Securities, p ref____100 Wisconsin Electric Power Co— 1st M 5s 1954 ser A _____F&A 9934 10034] C apital T rac (W ash, D C )___100 x 10434 10434 Electric Bond & Share p ref___100 10834 109 Carolina Power & Light p re f. 100 10734 10834 Elec Bond & Share Sec Corp __(t) 70 71 Wisconsin Gas & E lectric— Electric Investors— 1st g 5s 1952 o pt 1919____J& D 100 101 C entral Ariz L & Pow com ____100 P re fe rre d __________________ 100 105” lI6” Com w ithout w ar__________ (t) 3634 37 Wisconsin M inn L ight & Power $6 preferred________________ (t) 92 1st & re! 5s 1944 o pt '19..M & N 9734 9734 C ent A rkan R y & L C orp p re f. 100 101 C ent C rosst R R — See N Y R ys $7 preferred_________________t) d 102 Gen & ref 7s 194 7 --.............J& J 10534 C entral G a Power com ________100 90 100 Elec Pow er & L tg tern ctfs____(t) d 18 Wisconsin Power & Light— 1834 H A llot ctfs for pf stk 40% p d ___ d 104 185 1st & ref 6s 1944 ser C__M&N 102 10534 10334 C entew udson G as & E lec_____ 100 175 N wi A llot ctfs for pref full p aid ____ d 10434 33 1st & ref 534s 1955 ser D . J&D 10034 102 29 Preferred tem p c tf__________ (t) d 96 1st 1 & ref 5s 1956 ser E ..M & N 9534 9634 C entral Illinois L ight 6% p f-.1 0 0 9734 100 9634 C ent 111 P ub Serv p ref___(n o p a r ) 8934 8934 Electric R y Securities___(n o p a r ) d 534 Wisconsin Pow, L ight & H eat— 534 Elec Storage B att— See In d & M isc Cos 1st & ref 5s 1946______ J& D 9334 95 C ent Indiana Power 7% p ref. 100 8534 C ent M iss Val Elec Prop p ref. 100 80 — E lizabethtow n Consol G as___100 100 Wisconsin Public Service Corp— C ent P k N & E R R — See N Y Rys Eliz & T ren R R — See P ub S C orp 1st 1 & ref 6s 1952 ser A ___A&O 101 Elm ira W , L & R R 1st p f v t c.100 100 1st & ref 534s 1958_______ J& J 10234 10334 C entral Pow & Light 7% p ref. 100 100 9934 101 C entral States Elec C orp_____ (t) 23 El Paso Elec Co (D el)___(n o p a r ) d 100 Wise P ub Service Co— d 1834 107 P re fe rre d __________________ 100 90 Preferred series A __________ 100 105 93 1st & ref. 5s, 1942______ J& J 9934 101 107 Ches & Poto Tele of B alt p re f. 100 11334 ____ Preferred series B __________ 100 105 Wisconsin Ry L ight & Pow er— 72 1st & ref 5s 1933_________ F&A 9634 9734 Chic A ur & Elg C orp v t c ____ (t) d 10 15 E m pire & Bay S tate T eleg____100 68 D istrict Elec ref____100 WIscon R iv Pow 1st 5s ’41 M &N 9434 95 Chic C ity & Con com p art c tfs. (t) d 34 34 E m pire Gas & Fuel Cop pf 8 % . 100 90 P ref partic ctfs________ (n o p a r ) d 334 l6 6 ” 99 Wisconsin T rac L H & Pow er— 334 E m pire _ Chicago C ity R y _____________ 100 51 Em pire Power Corp p artic s tk .(t) d 26 2734 99 -m Chic No Sh & M ilw com _____ 100 37 $6 preferred________ 38 d 8834 1st M 734s Ju ly 1931_____J& J 106 — Com m on v t c ______________100 Engineers P ub Serv com Wisconsin Valley Electric— ifi d 2234 2234 Preferred ($7)_______ 1st & ref 5s 1942..................M&N 9934 101 P re fe rre d __________________ 100 70” .(+) d 94 9434 P rior lien sto ck ____________ 100 6934 100 A llotm ent certificates_________t d 10334 1st m tge 534s 1942______ M&N 102 — 9934 Chicago R ys partic ctf s series 1 36” 5 E rie Lighting pref_______ (n o p a r ) d 34 Worcester & Conn E astern R y— Series 2______________________ 1 Essex & H udson G as_________100 142 1st s f g 434s 1943________ J& J 87 ” 34 Series 3 ______________________ Wore Con St R y 634s 1930.F& A 92 95 134 F airm ’t P k & H add Pass R y — See Phila 1 T~” Series 4 _______________________ Fail R iver Elec L ight C o______ 25 d 47 lpt & ref g 434s 1930_____F&A 8034 4834 Fall R iver Gas W orks________ 25 d 58 60 Deb gold 5s 1927_________M &N 90 92 Chicago R apid T ran sit Co— V oting tr ctfs for com stock_ W ore & C lint 7s 1930_____J& J 70 — 934 Preferred ( 6 r c o m _______15 4134 42 834 •101 Federal L ight$& )T______________(f) dd 92 Prior preferred______________ 99 W orcester Gas L ight Co— 7.2 % prior pref ser B __________ 102” 1st M 534s 1939 series A ..J & J 105 101 Florida Power & L t p r e f _____ 100 100 Chicago Sub G as & E lectric_100 10034 1st M 6s 1939_____ J& J 105 F t W orth Pow & L t 7% p re f .. 100 107 P re fe rre d F ranklin Telegraph (guar)____100 41 Wore & So St R y 7s 1928--M & S 75 80 C hris & 10th __________________R100 Sts R R — See N Y ys G alveston-H ouston Elec C o ..100 26 Yadkin River Pow 1st 5s '41.A&O 10034 10134 2734 P referred __________________ 100 67 Y arm outh Light & Pow er, L td — 70 23 d 2234 92 94 1st M 5s 1937 .......... ...........A&O 87 93 8934 C incinnati G as & E lectric____ 100 x 112 34 9334 Gas & Elec of Bergen C o u n ty . 100 270 ____ Gas & Electric Securities____100 1st refunding 8s 1951____M &N 102 p ----------100 105 ____ P referred__________________ 100 82 Cine New & C ov L t & T ra c ___ 100 x 88 Yonkers R y— See T hird Ave Ry York H aven W ater & Pow er— P re fe rre d __________________ 100 70 Gen Gas & Elec (Del) com A _(t) d 42 4334 C incinnati Street R y __________ 50 \d 3834 3834 Com m on class B ____________(+) rf 40 42 1st 5s June 1 1951_______ J& D d Cincin & Suburb Bell T elep___ 50 d 90 Preferred class A 7 % ________(t) d 9934 100 Cons M 5s M ay 1 1 9 5 7 ..M&N 10034 91 d 96 115 York R ys 1st M g 5s '37 o p t.J& D 9334 9434 Cities Service com _____________ 20|d 5034 5034 Preferred class A 8 % ________(t) d 112 Youngstown & Ohio River— P re fe rre d __________________ 100 d 9134 9234 Preferred class B 7 % ________(t) d 9434 96 G eneral P ub Serv c o m _______ ( j y d 11 1st M g 5s 1939 opt 1915.-A&O Preferred B __________________10|d 834 1134 Preferred B B _______________100 8234 $7 preferred________________(t) d 103 104 Youngs-Shar Ry & L t— See Pa-O P & L Cities Service B ankers sh ares, (f) d 25 Y oungs-Shar Ry & L t —See M ah& S R y & L $6 first preferred___________ (f) d 94 96 Eanesv R y L & P — Se Col New & Zanesv Citizens Gas (Indianap) c o m ..2 5 ,d 4934 50 Georgia L t Pow & R ys com ..1 0 0 60 93” P refe rre d __________________100 n 10534 P referred__________________ 100 90 C itizens’ Pass R y— See P hila R T Georgia Power $ 6 p f w i _________ d 92 PU B L IC U T IL IT Y ST O C K S 9234 Citizens T raction— See Phila Co Georgia Ry & El co stm p d ___100 137 Par 140 C ity Pass R y— See R eading T r Georgia R y & P r p f cum 7 % .10 0 106 A dirondack Power & L ight___100 50 10634 F irst pref cum 8 % _________100 121 122 42 7% preferred______________ 100 104 105 C ity Ry (D ayton, O hio)______100 39 $% preferred______________ 100 112 P refe rre d ___________________100 65 118 70 Gold & Stock Teleg (guar)___100 116 115 Alabama Power 7% pref____100 10734 10834 Cleve Elec Tllum com m on_____100 300 G rand R apids Ry pref_______ 100 10 15 estern Pow er 7 % pref 100 102 6% preferred______________ (t) d 91 6% preferred.............................100 ___ 93 Cleve Painesv & E astern R R .1 0 0 10834 110 G reat Wreferred__________________ 9734 34 10234 All America Cables In c ______ 100 x 145 6% p 150 Cleveland R ailw ay____________100 96 Allegheny T raction— See Phila Co W ater__________ 23” 9634 H ackensack ___________________ 25 25 d 20 C oast Co Gas & El 1st p ref____100 94 P referred d 25 A m er Brown-Boveri— See “ Ind. & M isc.” 28 2d preferred________________100 Amer D isTel of N J com (no p a r ) d 69 Preferred class A ____________25 d 72 P referred __________________ 100 108 110 Colorado Power p ref___________100 95 100 H arrisburg L t & Pow er pref___ 50 d Colum bia G & El new corp com 100 89 E ig h t______ 1001 American & Foreign Power— 345 8934 H artford C lectric LL ight com__25ld 340 P refe rre d ___________________100 101 H artford ity Gas 74 C o m m o n _____________(no p a r ) 76 P referred_____________ (no par) d 2034 2054 Colum bia Gas & E lec____ (n o p a r ) d 8934 10134 P re fe rre d ___________________25l d 49 d 88 8934 R ights expire Feb 25____________d 3 9034 Amer Gas & Elec com ___(no p a r ) d 100 f d 2934 3034 10034 P re fe rre d ___________________100 117 334 H avana Elec R y com receipts 0 0 |d 95 6 % p re fe rre d _____________ (t) d 9634 96 9734 11834 Preferred allotm ent certifs.-1 American Light & T ractio n___100 229 232 H avana Elec & U tilities________ | ds 3034 Preferred___________________100 114 1st p re fe rre d ________________ v d _____ 3034 (d 57 96 11534 P re fe rre d _____________ . . ion d 55 Amer Power & L ight com ____(t) d 6134 6134 107 H averhill Elec L ig h t_________ 25 d 50 105 Preferred__________________ 100 98 100 75 H elena L ight & R y com __________ 9834 Colum bus R y P & L com . loo P referred _________ 100 Amer Public Service 7% p ref. 100 96 99 9634 Preferred B ________ 100 American Public U tilities____100 65 72 9534 H olyoke W ater P ow er________100 490 7% prior preferred_________100 86 89 Com m ercial Union Teleg (gu)...2 5 d 18 21 H ouston Gas & Fuel p ref_____100 96 H udson C ounty as__________ 100 4% participating p re fe rre d .100 75 .100 139 79 13934 Idaho Power 7% Gpref_________100 142 p a r ) d 4254 Amer States Sec, com A ______ t d 3 43 104 103 334 Preferred 100 93 Com m on B __________________ t d 334 Illinois N orth U p ref___100 4 9334 Illinois Pow er & tilities7% p f_100 9134 .100 98 W arran ts______________________ d 34 L ight 100 34 2nd pref 8 % _________ 98 9934 Amer Superpower Corp com A __t d 2734 2834 101) Illinois T raction com _________100 Com mon B ________________(t) d 2834 2834 oney Island & B klyn R1 .100 75 P referred ___________________100 Firs tp re ferre d ________________t d 94 95 C onnecticut Elec Serv p f . -< t> d 66 68 Ilium & Pow er Securities_____100 55 .100 112 Amer Teleg & Cable g u ar____100 27 P referred __________________ 100 90 115 2834 100 120 American Telep & Teleg_____100 14934 150 122 Indiana Service Corp com ____100 130 ion 10434 106 Amer W ater W orks & E lectric— P referred __________________ 100 88 100 320 Common new ______________ 20 d 6334 6334 330 Indianapolis G as______________ 50 d 5634 60 P re fe rre d ___________ 100 105 1st preferred (7% )_________100 105 106 108 Indianap & Southeast T r pf._100 onnecticut R y & Light A ppalachian Elec P ow er____100 90 .100 68 70 Indianapolis Street R y C o____100 38 40 7% preferred_______________100 99 P re fe rre d __________________ 100 68 102 70 Indianap W W Sec p ref______ 100 100 Arizona Pow er________________ 100 20 23 Cons Gas E L & P (B alt). (no p a r ) d 5034 5034 Interboro R T vot tru st c tfs ..100 47 34 48" 8% pref series A __________ 100 126 Preferred (7% )..........................100 73 76 Internal Ocean Teleg (g u a r).. 100 99 7% pref series B __________ 100 11334; 127 634 % cum pref series C ____100 111 i 6% cum pref series D _______100 106 I a Purchaser also pays accrued dividend, d Price per share, not per cent, t New stock, h Ex-stock dividend, k L ast sale. I In London, n N om inal, r C anadian price, s Sale price, u E x-w arrants, e Old Stock, w Ex-cash and stock dtvs. 1 Ex-div. u Ex-rights t W ithout p ar value. 42 S tock *. B id . A sk. d 33 28% 126 d 46% 46% 29% d 51 51% 3% d 96% 97% 99 N or Amer U tility Sec— Allot ctf 1st pref full p a id ..100 d 90 Allot ctf 1st pref 50% p a id . 100 d 42 43% N orth B oston L tg Prop co m .(f) d 103 % 105 97% P re fe rre d __________________100 108 110 92 114% 3r Indiana P ub Ser 6 % pf-_100 90 105 107 Ohio P ow er. 102% 11 -(+) d 10 d 78 84 67 89 P re fe rre d __________________100 87 96 110 112 104 s 18 P re fe rre d _______________ ;_.100 101 24 31% 26 70 Preferred .100 65 70 108% 185 Preferred 7 % ______________ 100 'orthw estern Teleg (guar)____ 50 d 43% 45” 110 3 Ohio Bell Telep pref__________ 100 110 110% 20 Ohio Gas & E lectric p ref_____ 100 100 6 Ohio Oil & G as_________________ 5 d 5 8 123 Ohio Power 6% p ref__________ 100 96% 97% 15% Ohio Public Serv pref A (7% ).100 104% 104% Ohio R iver E dison 7 % p ref___ 100 103 103% O klahom a N atu ral G as_______ 25 44% C ertificates of deposit d 21 21% 4 6 O m aha & C ouncil B luffs_____ 100 110 30 P re fe rre d __________________ 100 27 99% O ttaw a & H ull Pow L td _____ (t) r 28 32 24 99 Preferred___________________ 100 r 97 39 O ttaw a L ight H eat & Pow ___ 100 r 100 63 P re fe rre d __________________ 100 r 101 67% O ttaw a T ractio n _____________ 100 r 64 65 Pacific & A tlantic Tel (gu)____ 25 d 17 19 130 Pacific G as & E lectric________100 x 128 131 72 100% F irst preferred_____________ 100 100 50 Pacific Lighting C orp________100 312 322 92 99 Preferred (6% )____________ 100 50% Preferred ( 5 % ) ____________ 100 84% 105 40 Pacific Pow & L t 7% p ref____ 100 102 Pacific Telep & Teleg_________100 131 135 5% P re fe rre d __________________ 100 107 28 Paterson & Passaic Gas & E l. 100 93 44% P aw tucket Gas pref__________ 100 83% 85 14% Peninsular Telep Co com _____ 100 133 136 104 89% P re fe rre d __________________ 100 102 71% 72% Penn C entral L t & Pow p re f - .( t) d 71 80 | Penn-Ohio Elec Co p ref______ 100 97 99 100 Penn-Ohio Pow & L t 8% p re f. 100 109 no 120 ! 7% preferred_______________100j 99 100 i08 1 P ennsylvania G as & E l 7% p f 100 93 % 96 108 95% Pennsylvania Pow & L t p re f-.(t) d 107 Pennsylvania - W ater -& P o w ..100 128% 179 17514 _ - - - 130 87 50 d 85 112 .50 d 40% 41% .50 d 49% 50 107% 118 .5 0 d 20 25 50 d 37 30 98 .50 d 25 D uquesne Light 1st p re f. 100 J 116% 117 .25 d 12% 15 50 .50 d 47 154% 50 d 23 96 50 d 25 _50 d 22 22% .5 0 d -----52% 108 .2 5 d 52 101 Philadelphia R apid T ran sit- 50 d 53 % 54 39 .5 0 d 185 200 .50 d 70 ———— 24% F ran d f’d & Southw ark Pass_50 d 230 245 82% G erm antow n P assenger_____50 d 70 75 65 Green & C oates Sts ($15 p d ).5 0 d 60 26 69% H estonville M & F com _____50 d 20 P re fe rre d ___________________________50 39 fc 110 P hila Pass R y ($22% _pd..)__50 d 100 22 175 Phila & D arby Pass R y _____50 d l8 57 Phil & G ray’s F y ($25 p d )___50 d 54 175” 57% Philadelphia T ractio n______ 50 d 57 160 Ridge Ave Pass ($28 p d )____50 d 150 101 160 2d & 3d Sts R y g u ar_________50 d 150 131 170 13th & 15th Sts Pass R y ____50 d 160 110 24 U nion Pass ($30 5-6 p d )____50 d 100 U nion T raction ($17% pd)__50 d 38% 38% 23% W est Phila Pass g u ar_______ 50 d 115 130 96 __ !Phila & W estern R y com ______ 50 d 11 11% P re fe rre d ___________________ 50,d 37 _ _ P iedm ont & N orthern R y ____ 100 38 43” 25% P ittsb & Birm T r— See Phila Co! 102 P ittsb u rg h U tilities 7% p ref___10 d 19 P ref v ot tr ctfs______________ 10 d 13% P referred , new _______________10!d 109 P ortland (Me) Gas L ig h t______ 50! d 80 93 P ortland Elec Pow er com ____100 30% 31% 109 Prior preferred____________ 100 97 25 1st preferred_______________100 81% 83” 96 70 2d preferred________________100 68 94 P orto Rico R ys L td __________ 100 55% 92” 82% P re fe rre d __________________ 100jf 95 Potom ac Elec Pow p ref_______100 107% 108% 101 Power C orp of N Y com _____(t)|d 40 51 Pow er Securities com ____ (n o p ar)\d 5 15” 87 36 Second preferred______ (n o p a r ) d 33 85 104 Providence G as_______________ 50 d 84 116 Public Service of Colo n ref___lOO 98% 100 97 Public Serv. C6. of N IL $7 p f.(t) 95 104% Public Serv C orp of N J ..( n o p a r ) N ew stock _________________ (t) d 32% 32% 8% preferred_______________100 123% 125% 101 7% preferred_______________100 108% 110 108% 6% preferred_______________100 99% 100% Cam den & Sub ($5 p aid )____25 d ____ 61 39” C onsolidated T rac of N J ..1 0 0 37 R apid T ran sit St R y C o___100 115 15% So Jersey Gas & Elec T ra c ..100 143 102% P ub Serv E l & G 6% p ref____100 102 Public Serv Elec Pow p ref____100 113% 116 131% 18 Public Service Co of N or 111_(f) d 131 102% 6% preferred_______________100 102 16 113% 7% preferred_______________100 113 10 32 P uget Sound Pow er & L ig h t. .100 30 87 6% preferred_______________100 84 10 105 7% preferred_______________100, a 103 39 19 Quebec Pow er com ________________100 r 196 196% 198 P re fe rre d __________________ 100 r 196 24 109 39 Queensboro Gas & E lec8% pf-1001 108 R ap T ran St R y— See P S Corp | 24 R eading T ractio n _____________ 50 d 22 100 113% C ity Passenger R y __________50 d 97 E ast R eading Electric R y __ 50 ,a 02 65 50 29” R eading T ran sit Co class B p f. .5 0 d 42 Republic R y & L ight com ____100 113 115% 114% P re fe rre d __________________1661 120 A sk. [Vol .124. S tock *. B id . Par A sk. R ochester G & E 7% p ref____100 104 107 6 % preferred__________________ 103 103% Roch & Syracuse R R com ____100 10c 25c P re fe rre d __________________ 100 1 S t Jos R y, L t & Pow , pref____l 66 7 3 * S t Louis P ub Serv___________ (t) 19 19% San Joaquin L ight & P o w e r.. 100 50 Preferred A 7 % .........................100 Prior preferred__________ ..1 0 0 107 Savannah El & Pow deb stk _100 110 113 6 % p referred__________________ 80 83 Scioto Val R y & Pow , c o m .. 100 5 F irst preferred_____________ 100 55 62” P re fe rre d __________________ l55 27 Shaw inigan W ater & P o w e r_ .l66 r 268% 269” Sierra Pacific Elec Co com ____106 25 27 P refe rre d __________________ l65 86 87 Sioux C ity Gas & E l 7% p f_ .l5 5 100% 101 Som erset Un & M iddlesex L t.10 0 72 75 Southeast G & E l 7% p fd ____l60 Southeastern P r & L t com _ .(t) d 31 31% Preferred ( $ 7 ) ____________ (t) d 101 101% South C alif E dison new com ___25 d 31 i 31% 6 % preferred new ___________ 25 d 24% 24% 7% preferred new ___________ 25 a 27% 28 8 % preferred________________25 d 34 Southern C anada P ow er____ 100 r 90 51” P re fe rre d _________________ 100 r 101% Southern C ities U tilities com . 100 27 33” P referred __________________ 155 85 87 Southern Col Pow com A _____25 d 26 26% P re fe rre d _________________ 100 98 South & A tlan Teleg (guar)____25 d 22 24” Southern Gas & Pow 7 % pref 98 100 Class A stock_____________ If) d 22% 23 91 Southern Indiana G & E 6 % p ref. 88 Southern N ew E ng T elep___ 100 x 150% 152 So Jer G E l & T r— See P S Corp Southw estern Bell Telep pref.lOO 113% 114% Southw estern G as & E l 7% p f. 105 94 95 Southw estern L t & P r com A _(t) d 63 Com m on class B ____________ (f) d 63 P referred ____________________ (T)d 83% Southw estern Pow & L p ref. .156, 104% 105% Southw est M issouri R R ______100! ____ Springfield (M ass.) G L C o___25 d 58 62 Springf (M ass) S t R y Cos pf_.100i 59 Springfield (M o) R y & L, p ref__ 100 Spring Valley W ater___________100| 101 Standard G as & Elec com (n o p a r ) d 55% 55% 7% cum prior p ref__________lOOi 104% 105% 8 % cum preferred___________ 5 0 'd 56% 57 S tandard P r & L t C orp p ref. _ ( t ) d 97 99 S taten Island Edison c o m v tc (+)!t2 90 $6 first preferred____________ (f) d 96% Sub R T S t R y— See Phila Co Superior W ater L & P com ___100 -----P re fe rre d __________________ 100 ______ T am pa Elec Co new stock ( t) d 48 49 Tennessee E l Pow 1st p f ( 7 % ) 100 102% 103% 1st preferred (6 % )_________ 100 92% 93% T erre H aute Ind & E a st_______100 2 2% 100 23 P re fe rre d _____________ 25 T erre H au te T r & L t p re f____100 ____ Tex-Louisiana Pow 7 % p re f. . 160 88 55” Texas Pow er & L ight 7 % p re f. 100 107 108 T hird A venue R y ( N Y ) ______100 38 40 T idew ater Pow er 8 % p ref_____100 106 107 97 7% preferred_______________ 105 95 Tol Bowl G r & Sou T r com ______ ____ Preferred 5 % _ Toledo-Edison prior pre f(8 %) 155 114 Preferred A (7% )__________ 100 104% T ri-C ity R v & L ight p ref____ 100 90% T ri-S tate Telep & Teleg________ 10 d 8 P re fe rre d ___________________ 10, d 9% 10% Troy (N Y) G as________ ( n o p a r ) \ d 80 82 192 T urners Falls Pow & E lec____100 188 23d S treet— See N Y Railw ays Twin C ity R apid T ra n sit_____ 100 61% 64 101 P re fe rre d __________________ 100 80 Union St R y (New Bed,M ass)_100 1 Union T rac of Ind com m on___100 F irst preferred_____________ l60 Second preferred___________ 100 500 Un E l L (S pringfield,M ass.).100, 485 55 U nited Elec R y (Providence). 100 ,d 54 U nited Elec Secur p ref________100 U nited Gas & Elec pref______ 100 98% 99% 73 U nited Gas & E l of N J 5% pf.100! 70 U nited Gas Im provem ent n ew . 50 A 90% 90% 84 U nited HI Co or N ew H a v e n ., ( f ) 'd 82 U nited L t & P r com A ___ (n o p a r ) d 14 14% Com m on Class B ____ (n o p a r ) 17% 18% Preferred Class A ____ (n o p a r ) 87 87% Preferred Class B ____ ( n o p a r ) 52 52% U nited R ys & E l (Balt) com ___50i 20% 20% U nited R ys Investm ent C o ___100' P re fe rre d __________________ 100 U nited U tilities_______________100 30 P re fe rre d __________________ 100 95 U S & Foreign Sec C orp— d 88 Allot c tf 1st p f full p d .. 89 A llot c tf 1st p f 75% p d _______ d 80 80% U tah Pow er & L ight p ref_____ 100 103% 104% 106 U tica Gas & E lectric p ref____100 104 U tilities Pow er & L t Cl A (n o p a r ) d 27% 28% Class B ----------------------- (n o p a r ) d 13% 15 U tility Shares Corp com . (no p a r ) ' 9% 10% Com m on stock option_________ 2% 1 18 % 19 P articipating pref_____ ( n o p a r ) Virginia Elec & Pow 7% prer.100, 104% 106 Virginia P ub Serv 7% p re r.___100 8” W ash B alt & A nnapolis________50 io ” 17% P re fe rre d ___________________ 50 d W ashington (D C) G as_______ 20 \d 71% 72 179 W ash (D O) R y & E l com ____1001 177 P re fe rre d __________________ 106 90% 90% W ashington W ater Pow C o___100 134 137 W estern Pow er C orp_________l50 P re fe rre d __________________ 100 97” 97% W estern States Gas & E lec___105 16 P re fe rre d __________________ 100 92 95 W estern Union T elegraph____100 146 148 W est’h ’se El& M fg— See und M isc W est Penn Elec Co Class A ., (t) 98% 99 101% 7 % preferred_______________106 114 W est Penn Pow er 7% p ref___l50 99 6% preferred_______________100 102% 103% W est Virginia U tilities p ref____50 d 49% 49% W innipeg Electric C o _________100 r 61% 61% 100% W isconsin Pow er & L ight p re f____ 99 io i 103 Wisconsin P ub Ser C orp pref.lOO 101 Wisconsin Telep 7 % p ref_____ 100 110% 162 W orcester Elec L ight C o_____ 25 < 155 62 W orcester Gas L ig h t__________25 d 59 York (Pa) R ailw ays c o m m o n ..55 d 50 P re fe rre d __________________55 d 35 35% Youngstown & Ohio R iv R R .10 0 Preferred _________________100 — — _ B id . S to c k s. Internation al R y v t c ________100 27 Internation al Telep & T eleg._l00 125% Internation al U tilities A _____(t) d 29 Class B _____________________(f) d 3% In terstate Public Serv, p r lien . 100 98 Iow a Southern U til, 7 % p ref. .100 96 Jacksonville T ractio n , com ___1O0 22 P referred ___________________100 70 Jersey C ent Pow & L t p ref___100 96% K an C ity Pow & L t 1st pf ser A (t) d 113 K ansas Elec Pow 7% p ref____100 98 K ansas Gas & Elec 7% pref..1 0 0 102 K entucky Securities C orp____ 100 105 Preferred (6 % )____________ 100 82% K entucky U tilities, pref______ 100 95 K eystone Telephone___________ 50 d 4 P referred ____________________50 d ____ Key System T ran sit, pref_______ 27 P rior preferred________________ K noxville Pow & L ight, p re f ..100 107 Laclede Gas L ig h t___________ 100 178 P referred___________________10® 100 Lake Shore E lectric, com ____100 1 F irst preferred______________100 Second preferred___________ 100 Lauren tide Pow er____________ 100 r 120 Lehigh Power Securities, (no p a r ) d 15% Lehigh Valley T ran sit, com ____50 d 26 P referred____________________50 d 48% Lone Star G as_________________25 d 43% Long Island Lighting com ____(t) d 130 7% preferred_______________100 109 Los Angeles G & E C orp, p re f. 100 90% Louisv Gas & Elec com cl A ..( f ) d 23% Louisville Railw ay C o .______ 100 38 P referred___________________100 Lowell Electric L ig h t__________ 25 d 67 Lowell G as____________________ 25 d 63 M ackay C om panies__________ i00 126 P referred___________________100 71 M anitoba Power C o_____ (no p a r ) d 48 M an h attan Elev R y (N Y )___100 88 M odified guarantee________100 49% d 38% d _ 4% M arket St R y (San F rancisco).100 P referred___________________100 22 Prior preferred_____________100 43% Second preferred___________ 100 12 M assachusetts Gas C os______ 100 88 P referred___________________100 70 M assachusetts L tg Cos, com __(t) d 78 6 % preferred_______________100 95 8 % preferred_______________100 115 d 107 M em phis Pow & L t, 7% p f.n o d 94 M etrop Edison p ref series O . d ____ Preferred. r :::: 'd 111 M iddle W est U tilities____(no p ar)\d 111 P referred___________________ioo d 107 Prior lien stock____________ 100 117% M idland U tilities prior lien. ..1 0 0 98 Preferred class A ___________ 100 97 M ilwaukee Gas Light 7% pref 100 Milw Elec R y & L t. 6 % p re f .. 100 99” M innesota Pow & L t 7% p f ..l0 0 103% M ississippi R iver Pow er_____ 100 60 P referred___________________100 94 M obile Electric, p ref_________100 90 M ohaw k-H udson Pow er com (t) d 21% F irst preferred____________ (+) d 105 Second preferred______ (f) d 98 M ohaw k Valley C o_____ .(•)•) d 38% M onongahela L & P — See PhilaCo M onongahela St R y— See PhilaCo M onon-W est Penn P S 7% p f 25 d 24 M ontana Pow er________ _i00 82 117 M ontreal L H & Pow , com ’_(+) dr 69% P re fe rre d ___________________50 r 55% r 169% M ontreal T ram w ays, com D ebenture 5% stock_____ II r 169 M ountain States Pow er, com (t) d 18 P referred___________ — 97% 127 M unicipal Service C orp p ref. (t) d 22 N arragansett Electric ’ „„ d 86 N ational Elec Pow cl A " (t) d 23% 94% 24 70 N ational Power & L ight com” (f) d 20% P referred---------------------(no p a r ) d 101 N at Public Serv C orp A c o m ..(t) d 18% Class B com mon ---------------.V i d 13% f Pi n or _______ 107 90 N ebraska Pow er, p ref. 107% 20 P referred . 94 92 d 81 N ew E ng P ub Serv p r lien pref_ 94 $7 preferred_________________ 100 New E ng Pow er A ssn, com ____ 49 P referred___________________ 83 102 New E ngland Pow er, p r e f .I I .l New E ngland Telep & T e le g ..l 115% New H aven W ater________ d 86 103% Newp N & H am p R y, G & E l 109 109 N Y C ent Elec O ort 99% New Y ork C ity— C d 108% P referred________ d 60% to 2d p ay m en t_______ -(t) d 98 d 15 N Y R ys Corp pref tr ctf_ New Y ork R ailw ays_____ 30% B ’w ay & 7th Ave g u a r. 15 14 4 126 — 37 T w enty-third S t g u a r. 16 13% 33 d 105 d 93% $6 dividend p ref_________ N Y Telephone 6 % % p ref. 113 N iagara Falls Pow er, com .. d ____ d x 28 ,d ____ 1 112% PUBLIC UTILITY STOCKS oPurchaser also pays accrued dividend, d Price per share, not per cent, t New stock, h Ex-stock dividend. A Last sale. I In London, : r Canadian price {Sale price, t New stock, u Ex-warrants, tOld stock, x Ex-dividend, v Ex-rights, t Without par value. n Nominal, INDUSTRIAL AND MISCELLANEOUS SECURITIES U nder the heading “ Ind u strial and M iscellaneous Securities” we Include all Issued which d o n o t appear under th e previous two headings, nam e!) 'R ailroad (S team )” and "P ublic U tilities.” In the case of stocks, how ever, we put “ T extile M anufacturing,” “ Insurance," “ M ining," “ R ea lE sta ts and L an d ,” “ T itle G uarantee and Safe D eposit C om panies” under separate heads, then follow with the rest of the “Industrial and M iscellaneous.” N O T IC E .— A ll b o n d p r ic e s are “ a n d in t e r e s t ” e x c e p t w h e re m ark ed “ f ” a n d in c o m e a n d d e fa u lte d b o n d s . •I B o n d s. A sk. B o n d s. B id . A sk. B o n d s. B id . B id . A sk. IN D U S T R IA L & M ISC EL LA N I OUS I ONDS Colo Indus 1st 5s A & B ’34 - F&I I 93394 Independent Brewing 6s ’55 J&, 75 76 Abltibi Pow & P ap er 6s 1940 J& Jl 103 105 C om m ’l C redit 6s 1934____M & I I 953; 96 1013t 10134 Adams E xp coll tr g 4s ’48.M&S 89 91 Coll tr s f 534s 1935_______ J&. I 903; 91 Indiana Steel 1st 5s 1952. _ M&1S 103 34 104 Coll tr g 4s 1947________ J & r / 83 Ingersoll-Rand 1st g 5s D ec 3 8434 Com m ercial Invest T ru st Corp— Ajax R ubber s f 8s 1936____J&E 105 3” 107 5% gold notes 1928__ _M&>1 1935 o pt Dec 31 1910 J&. 1003 Alabam a Cons Coal & Iron— 5% gold notes 1929... ..M&N Inland Steel 1st 6s 1927-28--A&C 1 1st cons M 5s 1933 __ M&N 96 98 D eb g 5 34s 1945________ M&N 1013 10134 5% gold notes 1930 -- .M&N1 Ala Steel & Shipbldg— See T enr C, I & RR Inspiration Con Cop 634s ’31 M&S 1013 102 C om putlng-T abulating-R ec Co Alaska Gold M ines deb 6s’25M&S / 3 y 4 Sinking fund gold 6s 1941 J&. r 104P 105 In te rn a t A gricultural Corn— D eb 6s 1926 ser B __ M&£ f 3 % 4 Consol Cigar 6 % notes ’36-A & 01 9931 9934 1st & coll tr s f g 5s '32 on M&N 90 9234 Allied Packers deb 6s 1939- J&i s 66 Consol Textile 1st 8s 1941--J& E S tpd ext to 1942 ____M&N 89 90 79 80 1st M & coll tr 8s 1939____J&; In te rn a t M ercantile M arine— 75 77 Consol Coal 434s 1934 o p t- .M&N 9131 Alpine M ontan Steel C orp— 82k 84 1st M .coll tru st 6s 1941..A& C 1st & ref s f g 5s 1 9 5 0 ----J& I 953 9534 1st s f 7s 1955_____________ M&g 98 Internation al P aper— 9234 Consum ers Co 1st 6s 1946 J& . 95 Aluminum Co deb 7s 1933 A&C 1 9 25 k 10534 C ontinental P ap & Bag M ills C ort 1st & ref s f 5s "1947 ser A ..J & , 0 k 973 9734 American Agric Chem ical— 1st & ref 634s 1944 Ser A . F&A 75 7534 R ef m tge 6s 1955 ser A _M&‘ 99 3 100 1st ref s f 734s 1 9 4 1 - ____F&A 104 10434 C crn P rod R ef 1st g 5s 1934 M&N 10134 10334 Conv deb 6s 1941 - ____A&C 9834 983 American B eet Sugar Co— | In te rn a t Salt g 5s 1951 o p ._A&C C ram p (W m) Sons Ship & E ng Bids 84 85 Oonv s f deb 6s 1935 ___F&A 95 100 | In te rn a t Silver 1st 6s 1 9 4 8 .-J& I 107 108 9534 1st M g 5s 1929 o p t. - . M&i- 99 Amer C hain deb 6s 1 9 3 3 ---A&C Crew Levick Co 1st 6s 1931-F& f 99% 101 10034 D ebenture 6s 1933_______ J&. 99% Amer C ot Oil g 5s 1931 o p t M&N 10134 10134 6 % gold notes 1 9 2 8 - - ___J&. 95 98 9534 9834 Jeddo-H ighland Coal Co— American Ice Securities— Crow n C ork & Seal 6s 1942_F&i 93 103 9334 ' 1st m leasehold 6s 1941 M&N 102 A merican Ice Co— R E 1st & Crown W illam et P ap 6s ’51 J&J 9934 9934 Jefferson & Clearfield Coal & Iron gen s f 6s '42 o p t '1 3 -- F&A 103 95 10334 C uba C ane Sug deb 7s 1930 J&J 95 9534 Indiana Co 1st s f 5s 1950 J&J 93 Conv 7% notes 1 9 3 9 - J&J C onv deb 8s 1930 - .. . J&J 9834 9834 Jones & L aughlln St 5s ’39 M&N Am M ach & F dy s f 6s 1939. A&C 104 105 C uban-A m er Sug 8s ’31- M&S15 10734 10734 Jurgens (A nton) U n (M argarine) 10334 10334 Am R epublic C orp 6s ’3 7 --A&C 99 W ks conv 6s 1947 ( f l a t ) . , J&J / 10834 109 9934 C uban D om inican Sugar Co— Amer Rolling M ill 6s 1938--J&J 103 10334 1st lien s f 734s 1944____M&N 9934 9934 K aufm ann D ept Stores C orp— Amer Sm elt & R ef 5s 1 94 7 .-A&C 1 0 0 % 10034 C udahy P ack s f 5s 1 9 4 6 ---J& I 9734 9734 6 % notes ’35 w ith w arr’ts.F& A 99 101 1st M 6s 1947 series B ___A&C 1 0 7 % 108 Sink fund deb g 534s ’37--A& C 9434 95 K ayser (Julius) & Co— Amer Sugar Refg 6s 1937. - -J& J 1 0 4 % 10434 C uyam el F ruit Co— 1st M s f 7s 1942. . -F & 4 15 107 10734 Amer T hread 6s 1928 ____J&E s 10134 1st m tge 6s 1940- _____ A&O 9434 9434 K eith (B F) C orp 6s 1946 -M&S 9 8 % 9834 Amer T ype Fdrs deb g 6s ’37.M&N 103 10334 D avison Chem deb 634s ’31 J& J 9234 9234 Kelly-Springfield T ire Co—• D eb gold 6s 1 9 3 9 - _____ M&N 102 8 % g notes M ay 15’31 M&N 15 1 0 4 % 10434 10334 De B ardeleben Coal C orp— D eb gold 6s 1940 _____ A&O 103 1st M 634s 1927-1943____J&J b 7.1( 634% K eystone St & W ire 8s ’4 1 --A&O 108 109 Amer W rit P aper s f 7-6s ’3 9 -J&J / 6034 10334 D ery (D G) C orp 7s 1 94 2 ..M &S 76 77 K inney (GR) Co 734s ‘1936-J&D 104 6234 10434 T em p interchangeable c tf dep / 6 0 % 61 D enver Un StkY ds 5s 1946 - J& J 9934 9934 K night (B B & R) 7s 1930--M & S / 18 20 Anaconda Copper M ining— Dodge Bros deb 6s 1940- . M&N 9534 9534 Kresge Foundation 6 s ’3 6 .. J& D 102 10234 1st con 6s 1953 series A . F&A 104 10434 D old (Jac) P ack 1st 6s ’42 M&N 90 9034 K rupp (Fried) L td — Oonv deb 7s 1938 ______ F&A 10834 10834 D om in Coal 5s ’40 op ’1 0 .-M&N 87 7% dollar notes D ec l5 ’29 J& D 99 9934 6 % gold bonds 1929 ser A .J& J 10134 102 D om inion Glass Co, L td — La Belle Iron W ks 1st 5s ’40 J&D 98 A nderson-Tu 1!ey Co 6s 1935 98 1st & ref 6s 1940 .............-J& D 10334 10434 100 1st s f 6s Ju ne 2 1933 J& D 2 Andes Cop M in deb 7s 1943-J& J 107 % 108 D om in Iron & Steel 5s 1929--J& J r ____ L ackaw anna Steel 5s 1 9 5 0 .-M&S 9934 9934 Andlan N ational C orp L td — Con 5s ’39(currency series)M & S 4834 50 Lake Superior C orp inc 5s ’24-O ct / 6 1st M s f 6s 1940 _ _ M&S 1st & coll tr gold 5s 1 D onnacona P aper 6s ’4 0 ___J& D 100 10234 Lehigh Coal & N av fund 9 4 4 .. J& D W ithout w arrant 4s ’48 J& J 9 4 % 101 97 10134 D onner Steel 7s 1942. . . . J&J 96 Anglo-Chilean Cons N itra te — C f g 434s 1954_____ J& J E astern C uba Sug 734s ’37--M & S 107 10734 Leh onsWs -Barre C oal— See C ent R 99 10034 D eb 7s (& stk sub rts ) ’45 M &N 8 7 % 88 E astern Steel 5s 1931______ F&A / & 20 R of N J, p . 31 Antilla Sugar 734s 1939 A ____J& J 9 4 % 9534 E lk H orn Coal 1st 634s 1931 J&D 9834 9834 Libby M cN & Libby 7s ’31 M&N s 10334 s 10334 Irm o ur & Co of D elaw are— 97 L iggett & M yers g 7s 1944--A & 0 12134 12234 7 % n o te s 1931 w ith w arr. J&D 96 1st M 534s 1943 ser A ___J&J W ithout w arran t. 9734 G old bonds 5s 1951______ F&A 10234 103 Armour & Co— R eal estate 1st 9534 9534 F airm ont Coal 5s 1931____J& J Liquid C arbonic C orp—■ 9734 gold 434s 1939 o p t- . _J&D 92 1st conv 6s 1941 - _____ F&A 103 90 9234 Farm ers M fg Co 7s 1 9 4 3 ..-M & S 85 10334 86 L ittle (A E ) Co 7s 1942____A&O 61 Associated Oil 6 % n o te s ’35 M &S 102 % 10234 Federal Sug R ef 6s 1933- - -M&N 83 65 Associated Simmons H ardw Cos Federated M etals s f 7s ’39- - J& D 8834 89 Loew’s Inc deb 6s 1941 - A&O 1013s 10134 634% gold notes 1 933--- J& J 9 7 34 9734 F iat s f deb 7s w ith w ar ’46-J& J 9^ L orillard (P) Co g 7s 1944--A&O 11734 11834 9234 Atl F ru it & SS deb 7s '34 J&D Fisk R ubb Co 1st 8s 1941.-M & S 116 11634 Gold bonds 5s 1951_____ F&A 10034 10034 C ertificates of deposit___ / 17 14 24 102 9734 9734 Lukens Steel 1st M g 8s "40 M &N 101 C tfs dep stpd stk instead of bds f 1 5 % Flour M ills of A merica Inc— M agnolia P et deb 434s’27F&A15 9934 10034 Atl G ulf & Indies SS Lines— C onv g 634% notes 1946-A& 0 9634 99 1 D eb g 4 34s 1928______ F&A15 9934 9934 Coll tr g 5s Jan 1 1959 -- J& J 7 2 % 7234 Fram erican In d & D ev C orp— D eb 434s 1929________ F&A15 99 9934 A tlantic Refln deb 5s 1937 J& J 101 10134 D eb 734s 1942___________J& J 9834 9834 D eb 434s 1930________ F&A15 b 4.95 4.85% Baldwin Locom otive Works— Francisco Sug 7 34s 1942-M&N 15 106 10734 D eb 434s 1931-1932_____F& a b 4 .9 5 4.85% 1st s f 5s 1940 opt aft ’15 M&N 10634 107 French N at SS Lines 7s 1949.J&D 95 D eb 434s 1933-1934_____F& a b 4.95 4.85% 9534 Baragua Sugar (Com p Azucarera s 105 M allory SS 1st s f 5s 1 932.._ J& J 94 G air (R obert) Co 1st 7s ’3 7 .-J& J 97 B araqua) 734s 1937____J& J 15 106 108 G alena-Signal Oil deb 7s ’3 0 -A&O s 92 M an ati Sugar 1st 734s ’4 2 .-A&O 10434 105 M anufacturers’ Finance Co— B arnsdall C orp deb 6s 1940 J& J15 99 9934 G eneral Am er T an k C ar C orp— W ithout w arrants 89 Col tr 6 % notes 1935 A&O 9434 97 8934 E quip 34s 9 2 7 --. ..M & N 100 Beacon Oil deb 6s 1936____M &N 10234 103 34 E quip 5534s 11928-1934.. M&N b 5.40 5.20% M cK eesport T in PI s f 6s ’46 M&S 103 Beaver B oard Cos 8s 1933--J& J A&O 10834 10934, M cM yler In te rsta te 7s ’4 3 .J& D s 983-8 Gen A sphalt s f 6s 1939 s 70 Beech Creek C & O 5s '44 J& D 96 M id-C ontinent P etrol C orp— G en’l B aking 1st 6s 1 9 3 6 -.-J& D 1st s f 634s 1940________ M &S 10434 10434 B eld’g-H em ’way 6 % notes’36 J& J 9 7 % 9734 General Cigar serial 6s 1935 J&D tfetlilehem Steel C orporation— G en’l Elec 334s 1942 o p t .. -F&A 91 9134 M idvale Steel & O rdnance— C ons s f 534s 1953 ser B --F& A 97 Vs 9734 Gen Elec (Germ any) 7s’45 J& J15 103 10334 C onv s f 5s 1936____ ---M & S 9734 9734 Cons m tge 6s Aug 1948 -F&A 10134 10134 D eb 634s 1940 w ith w ar..J& D 11334 11434 M iller (I) & Sons 7s _ . -.1934 10034 102 Cons m tge 6s 1948 ser A .F& A 10134 10134 W ithout w arrants attached 98 9934 9934, M iller & Lux Inc 1st M 6s’45 A&O 7% gold notes 1935A&O 9834 9834 Secured 5% notes 1929. J& D 15 9954 100 G eneral Ice Cream 634s 1935 J& J s 115 s 116 M innesota & O nt P aper 6s ’48J& J 97 Secured 5% notes 1930-J& D 15 9834 9934 G eneral M otors A cceptance Corp 99 Secured 5% notes 1931. J& D 15 9734 9834' 5% serial notes 1927-10034 M onon Coal— See C hic ln d & L Ely M&S' 100 Secured 5% notes 1932. J& D 15 9734 9734 5% serial notes 1928 ___M&S 9934 9934 M ontgom ery W ard P rop C orp— Beth S t pur m 6s Aug ’98 O-F 11634 11734 5% serial notes 1929___..M & S 9834 9834 1st M 5s 1946 ser A _ M&N 9634 9734 B eth St 1st 1 & ref 5s ’42-M&N 10034 101341 5% serial notes 1930 . . M&S 9734 9734 M orris & Co 1s t s f 434s ’3 9-J& J 8634 8634 P urch m oney 5s 1936- J& J 99 9634 tge-B gold notes 1930___M &S s 10234 9934 5% serial notes 1931 - ___M&S 9634 5.90% M 734% ond Co 4s ser 2 ’66-A&O 102 Penn-M ary Steel 5s 1937.J& J 100 5 % serial notes 1932 _____M&S > 6 % 81 Bloedel-Donovan Lum b M 6s '28 6834 100 3 5% serial notes 1933 - ..M & S b 6% 5.90% M 5s series ily 1932______ - J& J 9634 9734 Booth Fisheries s f 6s 1926-A&O 9834 10334 > 6% 5.90% ount E m Lum b 6s 1934 9934 101 Borden M ills 1st s f 6s 1934 F&A 96 100 b 6% 5.90% M unising P aper 1st 6s 1932 100 Boston T erm Co 3 34s 1947 F&A 8834 90 5% serial notes 1936__ M&S b 6% 5.90% M urray B ody 1st 6 34s 1934-J&D 98' 9634 9634 B otany Consol M ills 634s '34 A&O 9034 91 Gen P etrol 6% g n o tes’28 A&O 15 101 Acme 1931-- 10134 N at D airy 734s % notes’40-MJ&D 10134 10234 Brier H ill Steel 534 s 1942 A&O 104 N at Pr 10434 1st 5s Aug 15 1940 -10034 101 N at. D istillers 6P rod. Corp— & N 100 10034 Brown Co 1st 534s 1946- -A&O 97 9834 Gen R efractories 6s 1952__ F&A 103 Brunswick-Balke-Collender Co— 10-yr 634% notes ’35--J& D 15 98 Good H ope St & Ir Wks fG erm ’v) 9834 6 % serial notes 1928-29 -J& J S f g 7s Oct 15 1945___A & 015 9934 9934 N at E nam & Stpg 5s 1929--J& D 102 Buffalo & Susq Iron 5s 1932 J& D 9234 93 G oodrich (B F) 1st 634s 1947-J& J 105 34 10634 N at S tarch deb 5s 1930 g u .-J& J 10134 101 9934 Bush Term 1st 4s 1952___ A&O 9034 9134 G oodyear T & R ub 8s '4 1 .-M&N 12034 12134 N ational T ube 1st 5s ’52--M & N 103 34 104 C ons g 5s Jan 1955..J & J 9534 96 D eb s f 8s M ay 1931 - F&A 11034 11034; N atom as Co gen 6s 1935___J& J 44 B ush T erm Bldgs 1st 5s '60-A&O 9934 100 3-Y r 5% g notes 1928-.J& D 15 9734 98 N ev C on C opper deb 5s 1941 J& J 4334 102 New E ng N av— See N Y N H & H R R B y-Products Coke C orp— G oodyear T & R of C alifornia— New E 1st M 5 ^ s 1945 ser A ____M &N 100 10034 5 34s notes Feb 15 1931 F&A] 5 9734 97341 New N ng Oil&Ref 1st 8s’31 M&S 40 60 iquero C ady Lum ber 634s 1939 - M&N 9834 9834 G otham Silk H os deb 6s ’36 J&D 100 10034 New R iver Co Sugar 7s 1932.J&JJ 98 104 1st 5s 1934___J& Oalif Petroleum 634s 1933- A&O 10334 104 Gould Coupler 1st 1 6s 1940-F&A 84 85 91 93 N ew port Co 7s 1932____-.M & S Conv d eb 534s 1938- ..M & N 10034 10034 G ranby Con M in Sm elt & Pow — 102 Oam aguey Sugar 7s ’42 -A&O 15 99 conv 6s 1928 102 N Y A irB rakelst 6s’28 conv M&N 10134 102 9934 1stS tam ped____ Ser A M &N 100 102 ________ 102 N Y D ock C o— 1st g 5s ’51-F&A 85 C anada C em ent 1st 6s ’29 op A&O 101 100 86 N Y & H ob F y 5s M ay ’4 6 .-J& D 90 G ulf Oil of P a deb 5s 1937- - - J&D 10034 10034 C anada SS Lines 7s 1942- M &N D eb 5s Aug 15 1943- -F&A 15 Ham-Am Line 634s eq’28-’40 J&D 6.90 6.50% H oboken F erry 5s 1946 -M&N 95 N Y & N J F erry — 5s ’4 6 .-J& J 91 94 1st & gen m 6s 1941 ser A .A & O 96 98 H anna (M A) Co deb 6s '34 F&A 90 Hershey C hocolate— N Y Shipbldg 1st 5s N ov 1 ’4 6 ___ 91 C anadian C ar & F dy C o, L td — 92 1st & coll tr s f 534s 1 9 4 0 ..J& J 10134 102 North Amer C em ent C orp— 1st s f gold 6s 1939______ J&D 10334 C anad Cons R ub 6s 1946--A&O 10234 5% notes 1927________ J&D15 9934 10034 D eb 634s A w ith w arr ’40-M & S 90 9434 C anadian C ottons 5s 1940--J& J2 96 5% notes 1928______ .J& D15 9934 100 Norwalk Steel 4 34s l929 ___J& J 29 33 Flo bo ken L and & Im p t Co— Nova Scotia S & C 5s 1 95 9 .-J& J 55 C anad Gen Elec 6s 1942 _ A&O 60 1st M g 5s N ov 1930 -- M&N 96 O’G ara Coal 5s ’55 op a ft’08 M &S 68 C entral F oundry M ay 1931 F&A 96 98 Hoe (R) & Co 1st 634s A '34 A&O 9734 9834 Ogilvie Flour M ills 6s ’32___J& D r 10334 C ent H ud S t’b oat 5s A pr ’33 A&O EIolland-Amer Line 6s '47-M&N 9134 9134, Series B _ _ _________________r 103 34 C entral L eather 1st s f 6s ’45 J& J 10134 10134 Series C ______________________ r C entral Steel 1st 8s 1941 -M & N 11934 11934 H ollingshead (RM ) Co 7s '38 F&A 94 101 Charcoal Iron of Am 8s ’31-M&N 45 99 | Old Ben Coal 1st 6s 1944- ..F & A 103 34 r 9134 50 Flolly Sugar 7s 1937________ J& J 98 91 Chic Jet coll tr ref g 4s ’4 0 --A&O 8834 90 Sood R ubber 7s 1936........... J a u 103 10334 Oregon Lum ber C o 6 s l9 3 5 .. 98 100 Coll tru st ref 5s 1940. - A&O 10034 Conv 534% g notes 1936A&015 97 9734 Otis Steel 1st 6s 1941 ser A M&S 94 19434 Houston Oil (Tex) 6 34s ’35 A&O 103 Chic U n S ta— See Steam R R bds 10334! Pacific C oast Co g 5s ’46 -J& D 9134 193 A Chicoutim i P ulp 6s 1943- --J & J i 45 65 tu m b le Oil & R 534s ’3 2-J& J 15 10234 102 34 5ac F ru it E xp E q — See So Pacific lorp * Fllinols Steel deb 434s 1940--A&O 9734 97 34 Pacific M ills 534% notes ’31. F&A 9334 9434 C learfield B it Coal 4s 1940--J& J 8234 Clyde SS 1st 5s 1931 o p t__ F&A 9834 10034 Jseder Steel s f 7s 1946 - __ A&O 100 10034 Pan Amer P etrol Co (of Calif)— Col Fuel & Iron s f 5s 1943--F&A 9634 98 i 1st conv s f 6s 1940____J&D15I 99 9934 6 Basis. /This price includes accrued interest, k Last sale, n Nominal, r Canadian price, s Sale price. 44 INDUSTRIAL AND MISCELLANEOUS BONDS AND STOCKS LVoi. 124. N O T I C E .— A ll b o n d prices are “ a n d in t e re s t ” e x cep t w h e re m a rk e d “ f ” a n d Incom e a n d d e fa u lt e d b o n d s . * B on ds. Bid. Pan-A m er Petrol & Transp C o— 1st lien equip 7s 1930____ F&A S f 6s 1934_______________ M & N Park & T ilford s f 6s 1 9 3 6 .-J & D Penlck & Ford 6 % s 1 9 4 3 -..J & D Penna C & C 1st 5s '32 o p --J & J Penn M a ry Steel— See B eth Steel Pennsylvania-D ixie Cem ent C orp 1st m s f 6s 1941 ser A .M & S 1 5 Pennsylvania Steel— Span-Amer Iron 6s 1 927--J& J Pfalla & R ead O & I 5s 1973. J&J Pick (Albert) & C o deb 6s '36 J&J Pierce-Arr M o t Car 8s 1943 -M&S Pierce Oil 8s D ec 15 1931. -J&D 15 Pillsbury Flour M ills 6s 1943 A&O PIttab Brewing 6s Feb 4 '4 9 - -J& J Pitts Coal deb 5s July '3 1 --M & S Pitts burgh-W estm oreland C oal 1st s f g 5s 1947 o p t ____ -M & N Pleasant Val C oal 5s 1928.. J&J Pocahontas Consol Collieries— Port Arthur Canal & D o c k — 1st 6s 1953 ser A .................. F&A 1st M 6s 1953 series B ____ F&A Pressed Steel Car 5s 1933- - J&J Price Bros & C o 1st 6s '43 A .F & A Producers & Refiners C orp— Us 1931 (with w a rran ts)--J & D W ithout warrants atta ch ed____ Punta Alegre Sug s f 7s ’3 7 . -J&J Pure Oil C o 6 H % notes ’ 33 J& D R and-K ardex Bureau 5 % % notes 1931 with pur warrants J&J R eid Ice Cream 6 % notes '30 J&J Remington Arms 6s 1937___M&N Republic Iron & 8 t’l os '4 0 --A & O R ef & gen 5 % s '63 ser A ..J & J Rheinelbe Union 7s 1946 J&J with stock purch warrants_____ W ithout warrants. _ ____ R hine-M ain-D anube 7s 1950 M & S Rima Steel Corp 1st s f 7s '55 F&A Biordon Pulp & Paper L td — 1st 6s June 30 1942____ J&D30 r Robbins & M yers 7s 1942___J& D R ocb & Pitts O & I 5s '4 6 . M&N 1st s f g 4 % s 1932 o p t ____ F&A R ocky M tn Fuel 5s 1943. _______ Rogers-Brown Iron 5s '28 '4 0 -J&J Gen & R ef 7s 1 9 4 2 --- --M & N S t a m p e d .____ ______,_______ 8t Joseph Stk Yds 4 % s '3 0 - .J & J 8t Lawrence Pulp & Lum ber— 1st M 6s 1927-1929............F&A / Certificates o f d ep osit. _ / 1st M 6s 1930-1933______ F&A f Certificates o f d eposit______ / St L N at Stock Yds 4s '3 0 ___J&J St L R ky M t & P 5s '55 stp d -J& J 8t Regis Paper 6 % s ’2 7 -'2 9 .-J & E 6 % s 1930-1934___________ J&E D eb g 6s 1931. _____ _A&0 Saks & Co s f 7s 1942_______ M&S Santa Ana Sug 8s 1931_____ A&O Saxon Pub W ks (.Germany)— 1st extl s f 7s 1945..............-F & A Gen & ref 6 Ms 1951 M&N Schulco C o 6 % s 1 9 4 6 --. ..J & J Guar s f 6 % s 1946 ser B A&O Securities C o N Y 4s co n s.-M & S Security M tge 6s Sept 1 '45 ser E 6 % bonds Apr 1 1946 ser F ___ gen Sen C hic 6s June 1 4 '2 9 . J& D SharonSteel H oop 8s 1941--M &S Shawsh M ills 7% notes '3 1 . .A& O Sheffield Farms 1st 6 % s 1942A & 0 b Basis. A sk. 104 % 105 % 96% 102 91 105 105% 97% 103% 93 99% 99% 100 101 97 108 101% 102% 95 97 108% 103 104 96 98 86 % 99 % 102 88 91% 92% 105 104% 94% 103 105% 96 104 111% 110% 110% 103 111 111% 103% 125 99 95% 101% 99% 130 100% 95% 119% 99% 102% 93% 120 99% 102% 94 ____ 56 90% 98% 68 92% 50 52 49% 99% 97% .... — . .... ____ 95 75% 99 101 99 97 76 100 103 100 100 101 101 96% 99% 99% 51% 98 98 98 107% 100 107% 101% 97 100% 99% 52% 100 100 99 107% 101 108 Bid. B on ds. Shults Bread 1st 6s 1940 M&S Siemans & Halske 3-vr 7s '2 8 . J&J 10-year sec s f 7s 1 9 3 5 .___J&J Siemens & H al-Siem -Schuck— D eb g s f 6 % s '51 with warM & S Silesian-Am C orp 7s 1941 F&A Simms P etrol 6 % n ’tes ’29M&N15 Sinclair Cons Oil C orp— 1st 1 coll 7s ser A 1937 M&S15 1st lien coll 6 % s '38 ser B .J & D 1st 1 6s '27 C with warr _J&D Sinclair Crude Oil Purch C o— 6 % notes ser A 1928. _ .F & A Sinclair Pipe Line s f 5s '4 2 .-A & O Sloss-Sheffield Steel & Iron— 9% s f gold notes 1929____ F&A Purchase receipts ____ Smith (A O) Corp 6 % s '3 3 -M &N Solvay & Cle 6s 1934_______ A&O South Porto R ico Sug 7s '40-J& D Standard M ill 1st g 5s '30 _M & N 1st & ref 5 % s 1945_____ M&S 98 101 101% 98% 98% 101% 97% 92% 100% 100% 92% 101% 101% 101% 108 100% 102% 101% 104% Stand Oil N Y 6 % s g deb ’33 M &N 92 100 Stand Steel W ks 1st 5s '2 8 . -J& J 92 Stand Textile P rod 6 % s '42 M & S Steel Co o f Can 6s 1940 . . J&J r 106% 90 Stutz M otor Oar 7 % s 1937. A&O Sugar Estates o f Oriente— 99 l s t s f 7s 1942____________ M &S Sun Oil deb s f 5 % s 1 9 3 9 ...M & S 99% 100% Superior Oil 1st 7s 1929 F&A15 101% Swift & C o 1st s f g 5s '4 4 ____ J&J 5% s f g notes O ct 15 '32 .A & O 97% Taylor-W harton I & S 6s '42M & S 95 82 1st & ref 7 % s 1946 Ser A ..J & J Tenn Coal I & R R 5s 1 9 5 1 .-J& J 103% Ala Steel & Shipbldg 6s '30-J& J Tenn C op & Chein 6s 1941 A&O 99% Thyssen (Aug) Iron & 8teel W ks 102% 102% Tidal Osage Oil s f 7s 1931. --F & A Transcont Oil 7 % notes '3 0 .A&O 99 T raylor Eng & M fg 8s 1936______ Trum bull Steel s r 6s 1940.M & N 97 10-. t deb 7s 1935_______ M & N v 98% Tubize Artificial Silk 8s '43 .-J & J 109 Union Bag & Paper 6s '4 2 .-M & N Union Oil C o o f California— 101% First lien s f 5s 1931 o p t . . J&J 107% 6s M a y 1 1942 Ser A _____ F&A 98% 8 f g 5s Feb 1 1935 Ser C A&O Union Steel Co 1st 5s '52 gu . J&D 108 Un T ’k Car eq 4 % s '2 7 -’3 6 .A & 0 b 5 % 106% United Drug 6s 1944____A & 0 1 5 United Industrial 1st 6s 1945 J&D 93% 96% D eb 6 % s 1941___________ M & N 98% United Lead deb 5s 1 9 4 3 .. _J&J United Oil Prod 8s 1931-J&J25 s 56 U 8 R ubber 7 % % notes '3 0 -F & A 105% 94% 1st & ref 5s 1947 Ser A ____J&J 6 % % serial notes 1927___M&S 100 101% 6 % % serial notes 1928___M&S 102% 6 % % serial notes 1929___M&S 6 % % serial notes 1930___M&S 102 102 6 % % serial notes 1931- -M&S 6 % % serial notes 1932___M&S 102 102 6 % % serial notes 1933___M&S 6 % % serial notes 1 934-..M & S 102 102 6 % % serial notes 193 5 -- M&S 6 % % serial notes 1936___M&S 102 6 % % serial notes 1937_M&S 102 6 % % serial notes 1938 -_M&8 102 6 % % serial notes 1939___M&S 102 6 % % serial notes 1940___M&S 103 / This price Includes accrued faterest. k Last sale, n N om inal. r Canadian Ask. Bid. B on ds. Ask. 89% 90 United Steamship 6s 1937- M&N United Steel W orks (G erm any)— 102% 101% S F 6 % s 1951 with w a rr.J & D 102% W ith out warrants __ ____ 98% United Stores R ealty 6s '4 2 -A & 0 104% 104 98% U 8 E nv 1st 5s 192 7 -1 93 4 .-.J& D 99 102 U 8 Finishing con g 5s 1929--J& J 98 U S Smelt R efg & M ining— 97% 102 101% 10-year 5% % g notes 1935M&N 92% United States Steel C orp— 112 100% 110 Col tr s f 5s Apr '51 op 'l l . - V a r 112 110 Col tr s f 5s Apr '51 not o p .V a r 100% 107% Col s f 2d 58 A pr'63 o p '1 3 ^ 1& N 107% 92% Universal W inding Oo 7s '37-J& J 101% Utah Fuel— See Den & R io Gr,p32 102% Van Slyke & H orton 7s 1938____ 103 101 102% Vertientes Sugar 1st 7s 1942 J&D 99% 100 102 V ictor-Am er Fuel 1st 6s '4 0 .F&A 45 40 s 104% V ictor Fuel 1st s f g 5s 195 3 -.J & J 56% 108% Virginia-Carollna Chem ical— 1st s f 7s 1947 ser A__ ___J& D / 107 110 Stam ped as to payt 40% prin— 101% 1st s f 7s 1947 _______________ / 107 C tf o f dep assented. . * / 107 105 94 / 107 Va Iron C oal & C oke 5s '49-M & S 9 4% W alworth C o 1st 6s 1945 . -A & O 95 95% 95 D eb 6 % s ’35 serA with war A&O 94 93 98 104% W ard Baking 6s 1937____ J& D 15 103% Warner Sugar R e f 7s 1 9 4 1 .-J&D 93 9 1% 99% Warner Sugar C orp 1st 7s '39 J&J 80 79 100 W ayne Coal 6s 1937_______ M&S / -----100% W ebster C& C 1st g 5s '42 o p M&S 91 89% 102 98 99 W ebster M ills 6 % s 1933___J&D 98% W est K y Coal 7s 1944_____ M&N 101% 97 W Va Coal & C o 1st 6s 1950-J&J 81 80 102% 84 W estern Elec deb 5s 1944___A&O 101% W estinghouse E lec & M fg — 20-year gold 5 s 1946____ M & S 101 % 101% 100 Wheeling Steel C o rp— 1st & ref s f 5 % s 1948 ser A . J&J 97 97% 103% 97% 102% 102% 103% 1st s f g 6s 1941___________ A&O ..J & J s 97% White Sew M ach 6s '36 98% 97% W ickw Spencer Steel 7s '3 5 . _ J&J 101 51 50 97% Ctfs o f dep stpd M a y; int-----43 45 100 W ickwire Spencer Steel C o— Pr lien & coll 7s Jan 1935- M & N 110 50 51% 102 W illys-Overland 1st 6 % s '33 M &S 101% 101% W ilson & Co 1st 6e 1941____ A&O 101% 101% Winch Repeat Arms 7 % s '41 A&O 104% 105 108% W oodw ard Iron 5s 1952_____ J&J 89 88 99% Youngst Sh & Tube 6s 194 3 ..J& J 104 103% 109 E X C H A N G E SE A T S . N o. LastSale 4.80% $ $ 107 N Y Stock E x ch ___1,1008175 000 2,7 50 94% N Y P roduce E x ch . 1.800 2,500 2,800 97% N Y C otton E x c h .. 450 28.000 27,500 30,000 99% N Y C o f & Sug E x . 328 17,500 16,500 20,000 s 59% N Y Curb M a rk et- 539 32,000 Baltim ore Stk E xch 87 1,850 106 9,250 94% Boston Stock E x ch . 139 9,500 8,500 100% Chicago Bd o f T r .-1 .5 9 2 7.000 6,800 102% Chicago Stock Exch 250 5,000 5,000 50 10,000 103% Cincinnati Stk E x . 10,000 103 Cleveland Stk E xch 36 3,000 D etroit Stock E xch 38 4.125 103 4,500 4,000 Los A ng Stock Exch 69 15,000 15,000 18,000 103 Louisville Stk E xch 29 1,200 103 M inn Ch o f C o m m . 566 2,400 103 2,900 2,500 M ontreal Stock E x . 74 30.O0C 103 N ew Orl C otton E x 500 7 .10C 103 7,700 6,800 N ew Orl Stock E x . 70 6,500 103 7,500 Phila Stock E x c h .. 206 11,000 10,000 12,500 103 Pittsb Stock E x ch . 115 1.600 103 1,600 50 4,500 103% St Louis E xchangeS anF rS tk& B dE xch 67 40,000 W ashington Stk Ex 40 800 1,200 800 price, s Sale price. 100 INDUSTRIAL AND MISCELLANEOUS STOCKS S ockB. Par T E X T IL E M FG . STOCKS. N orth . M ills. par Acushnet M ill (N B ) l Am Linen (Fall R ) l American M fg ... 100 Preferred_____ 100 Amoskeag M fg (voluntary assn)___(t) A ndroscog M (M e)lZ Appleton C o (M ass)l Arkwright M ( F R ) .i Arlington M (M ass)i Barnard M fg (F R ) l Bates M fg (M e ). 100 Beacon M fg ( N B ).i Preferred_____ 100 Berkshire C ot M fg . A dam s, M a ss. 100 B igel-H artf O a r p 't.t P re.erred _____ 100 Boone (Daniel) W oolen M ills--2 5 B ooth M fg (N B) _ J Preferred_____ 100 Border C M fg (F R ) 1 Boston M fg pref-100 Bos D u ck (M a s s )-.c Bourne M ills (F R ).i Bristol M fg ( N B ) . . 1 Butler M ill (N B ) . J C ab t M fg -------- 100 Ohace M ills (F R ) . . i Charlton M ills ..100 C hicopee M tg (pf) 1 O lty M fg O r'p (N B ) i O ontln'l M (M e) 100 Cornell M ills (F R )_ Z Bid. Ask. Per share. 20 30 76 73 20 102 100 82 84 50% x , 3% 44 15 66 112 125 129 80 100% 1 95 93 101 . __ 50 70 50 80 110 58 75 48 33 S to c k s . Par D artm outh M fg C orp (N B )___100 Davis M ills (F R ) . . / D avol M ills ( F R ) . . i Draper C orp ____ 100 Dw ight M fg (Mass) Edwards M fg (M e ).l Esm ond M (R I ) , p f / Bid. Ask. Per share. 100 84 70 65 14 40 98% 15 Fairh M ills c o m . 100 P re fe r re d .. -.1 0 0 _ Farr Alpaca (M ass) l 167 Flint M ills (F R ) . . i 80 69 Franklin Co ( M e ) . . / 50 Gosnoid M (N B)__Z 10 118 Preferred_________ 97% Granite Mills ( F R ) ./ Gt Falls M fg (N H ) 1 11 Grinnell M fg ( N B ) . l 134 66 Ham ilt M fg (M ass) 1 50c. 82 ____ Ham ilt W (M a s s )../ 101 H arm ony Mills p f . J 69 102% 1% Hathaway M fg(NB)J Hill M fg Co (M e ). . 1 100 19 Holmes M fg (N B ). _J 50 105 42 H om e Bleach & DW | ____ Preferred___.100 85 H oosac C ot Mills . . 60 72 Ipswich M ills___100 38 Preferred____ 100 87 115 Kilburn M (N B )_ J 106 King Philip M (F R )i z l2 3 85 Lancas't M (M ass) J 15 30 Preferred. _ . . 10C 40 Laurel Lake c o m ___ 10 Preferred_________ 97 70 Lawrence M fg (M ) J 62 Lincoln M fg ( F R ) ..l 42 82 L ockw ood Co (M e ) ./ 60 S to c k s . Par 105 Luther M fg (F R ) . . / Lym an Mills (M ) . / 35 66 17 46 Mass C ott M ills 100 M echanics’ M (F R ) Z M erch M fg ( F R )___Z M errim ack M fg (M a s s)............ .100 Preferred ____100 18 7% 170 27% 30 14 35 72 ____ 22 55 60 ____ 70 42 92 110 ____ 25 50 65 75 47 70 M t V -W ood M ills (Balt) v t r ____ 100 Preferred v t r.1 0 0 Narragansett M ills (F R ) --------------100 Nasha wena M . . 100 Nashua M (N H) 100 P r e f e r r e d - _ 100 _ N at Fabric & Fin 100 Naum keag (M ass) Steam C ot C o . 100 N eild M ills (N B )_.Z N ew B ed f’d C ot M_Z Preferred_____ 100 New Eng Sou M ____ P referred. . .100 Newm arket M fg C o (N H ) _____ 100 N onquitt Sp ( N B ) ./ Osborn Mills (F R )_/ Pac M ills (M ass) 100 Parker M ills (FR)__Z Preferred_________ Pem aquid M _____ 20 Peppered M fg (M e )/ Pierce M fg (N B ) .. ./ Pilgrim M ills______ Pocasset M fg ( F R ) ./ Bid. A sk. Per share. 112 111 113 9 10 69 71 20 50 55 112 70 17% 76 40 84 38 148 142% 100 82% 80c. 3 115 73 70 S to c k s . Par Ponem ah M (P rov) / P referred___ 100 Qulssett M ills (N B ) / P referred_____ 100 R ich Borden M fg Oo (F R ) _____ 100 Sagamore M fg (F R ) ..... ...........100 C o (N H ) _____ 100 19 Seaconnet M ( F R ) ./ 7 8% Sharp M fg (N B )..Z P r e f e r r e d ____ 100 60 Shawmut C ot M ills 79 (F R) c o m .. .100 45 Preferred _____ 100 89 Shove M ill (F R ).IO O 44 Skenandoah C otton C o (U tica )_______ 150 Soule M ill (N B ).IO O Stafford M (F R )_ _ / ___ _ Stevens M fg (F R ) . / Taber M ills (N B) / 99c. Thorndike ( M a s s ).. 5 T rem ont & Suffolk k 134 T roy C o t’n & W ool'n 35 M fg (F R ) ____500 45 Union C ot M f (F R ) / ____ Utica K nit C o ___100 41% 20 Preferred_____ 100 20 U tica Steam & M oh 26 Val C o t _________ / W am panoag Mills 115 118 310 330 (F R ) ................100 W amsutta M (N B) / 143 W eetam oe M (F R ) ./ W hitman M ( N B ) ./ W innsboro M p f 100 Y ork M fg (M e).lO O 33% Bid. Ask. Per share. 120 140 85 95 63 105 92 35 138 7% 9% 22 142 8 a 11 25 129 30 143 103 85 32 146 30 26 30 120 80 52 80 55 85 92 48 49 101 32 35 52 20 53 __ 36 b Assessment paid, c P ar value $700. d Price per share, not per cent, h P ar value 11,000. * Last sale. / P ar value $100. m i s t Install paid, n Nom inal, r Canadian price, s Sale price, t N e w stock u Ex-100 stock div. x E x-dlv. u Ex-rlghts. 2 Ex-stock div. t W ithout par value INDUSTRIAL AND MISCELLANEOUS STOCKS JAN., 1927.] Stocks. Par Southern Mills. Abbeville O M (SC) l Amer Spinning C o . Anderson C M (S C )./ Arcade C otton Mills Arcadia M ills---- 100 Arkwright M ills-----Augusta Pac (Ga) . / Avondale M ills_____ Belton Mills ( 8 C ) . J Bibb M fg _______ 100 Preferred 6 % -----Brandon M , pref— Cannon M fg ___-10 Chadwick- HoskiDs25 Preferred _______ Clifton M fg (8 0 )1 0 0 Clinton C otton Mills Columbus M fg (Ga) Converse (D E) 100 Oowpens Mills . . . . Dallas M fg (Ala) .100 Darl’g ’n M fg ( S O ) ./ Drayton M ills. .100 Dunean M ills_ 100 _ Bid. Per 90 260 94 70 225 900 320 49 96 115 90 99 114 l'i>4 12 183 290 99 136 295 12 2 107 49 130 75 100 80 91 101 2 >0 Judson M ills____ 100 Preferred . . . 100 Klng(J P) M fg (Ga) / Laurens C M (S O ) . / Limestone C & M ___ Marion M ills____100 Marlboro C M (S C )./ Mills M fg C o (S C ) ./ Monarch C M ( S O ) / Musgrove M ills-----Newberry C M (S C )/ N inety-Six M ills-----Norris C ot M ills____ O r r C o tM ( S C ) .100 Pacolet M fg ( S C ) . . / Panola C M A p f.8 5 Phillips Buttorff M . / Pickens C ot M ills___ Piedmont M fg (S C ) l Poe, P W , M fg (S C )/ Poinsett M ills___100 Riverside & Dan R iv Riverside M — 12.50 Saxon M i l l s ____100 Sibley M fg (G a ). 100 Spartan M ills (SO) / Thom aston C ot tr pf T ox ow a y ___. - .2 5 Union-Buffalo M ills. 1st p ref_____ 10C 2d p r e f . ___-10C Vlctor-M onag Oo__i Preferred_____ 10C Ware Shoals M fg. 10C Watt M ills________ W ebb M fg (N a s h )../ West Point M fg . 100 Whitney M fg (S C ) ./ Williamston M ills. . r r i r r r M ontreal Cottons__Z r Preferred . __10C r Penmans, Ltd ..10C r Preferred____ 10C 1 INSURANCE STO CK S. Baltimore— Central Fire n ew . 1C B oston — B oston . ___ --10C Colum N at L ife. 10C C onveyancers’ Title . ______ 10C 96 75 102 100 10 Eagle & Phenix.lOO 89 Easley C ot M , p ref. Enterprise M fg (G a )./ •105 69 G affney M fg (S C ) . / Gainesville C ot Mills 175 13o Glenwood M ills ____ SO Granteville M fg . 100 135 Greenw’d O M (S C )./ 400 250 47 P referred______ 50 1 '5 Hamrick Mills Hartsville C ot M ills. 140 1-5 Inman M ills________ Woodside C ot M .100 Preferred. 10C Canadian Mills. C an'n Connecticut Cum pref--------10C Can C onvert, L td . J Can C ottons,L td. 10C Preferred_____ 10C Domin T ext, L t d .(t ) Preferred_____ 10C Ask. share. 96 145 101 106 15n 115 145 29 30) 129 102 60 120 150 95 99 2C9 103 71 15 120 130 130 106 70 165 1034 90 40 152 99 33 30 S7 46 81 1(9 140 85 100 20 133 60 200 120 116 88 34 34 101 115 93 34 ] 0534 118k no llz ? 4 185 101 4 0 200 250 B r o o k ly n — See N Y D a y to n -— 90 L ib e r t y .. _______50 Reliable ____ .20 64 D e tro it. Detroit F & M ___50 Michigan F & M .5 0 H a rtfo rd . Aetna (F ire )____100 495 Autom obile I n s .. 100 (50 Hartford Fire___100 490 H artf Steam Boll Insp & Ins------ 100 640 National Fire___100 725 Phoenix (F ir e )..100 480 Life Insurance. Aetna C as'ty & Sur Aetna L i f e _____ 100 485 Conn G e n _____ 100 1570 T r a v e le r s '______ 100 1155 950 52 98 120 10 1 120 14 140 300 Stocks Par Bid. A m e r ic a n _________ 5 Firemen's ----------50 New Haven. New’ Orleans. New York. Amer Alliance — 100 C ity o f New York 100 Com m onwealth 100 22 220 152 Per share. 300 310 300 285 282 275 600 137 13934 188 195 1500 1475 294 297 201 203 380 378 d 70 75 125 ____ Philadelphia 5434 Fire A ssocia tion .. 10 50 k Ins C o o f N A ---- 10 53 k Ins Co State o f Pa 100 200 Lum berm en’s ____25 y 80 Reliance______ 50 United Firem en's. 10 Victory . . _ — 50 Providence. ___ P rov W ash’to n ___50 31 Richmond. 133 Virginia F & M . .2 5 Deposited s t o c k .. 70 St Louis 125 ____ Cent States L ife— 5 80 Continental Life 10 100 M o State L with wlO 10 1 215 106 80 18 125 Internat L ife____ 50 134 108 75 175 San Francisco. Firemen's F un d . 100 Hom e Fire & Marine 1134 95 45 ____ 101 35 40 89 4734 92 145 50 88 105 40 137 70 125 120 90 1334 21 ___ 21 320 93 93 20 35 90 d ____ 69 2 St. Paul, Minn. St. Paul F & M ---- 25 23 225 89 87 Per share. 240 Globe & R utgers. 100 139 Great American 100 _____ H anover_ ______50 _ 126 H om e___________ 100 no Lincoln______ __ .20 55 M erchants Fire Asso 140 C om m on _______25 »130 85 100 Preferred____ 100 87 M et Casualty in s . . 85 National L iberty.50 420 94 238 140 270 N orthern_______ 100 91 107 N orth R i v e r ____ 25 92 115 Pacific F i r e . ____ 25 15 Rossia I n s . . ____ 25 77 185 Stuyvesant ..1 0 0 180 ___ United S t a t e s ___20 165 85 45 49 125 151 ______ Ask. Per share. Indianapolis. Sterling Fire____ 10 d 1534 Per cent. Louisville. 200 L iberty. ---- 50 Per share. Minneapolis. N o r’west. F & M .1 0 0 H ancock Cons .. 2 0 Hardy C o a l______ 1 Ilecla M ining— 25c Hollinger Mines — 5 Homestake M in . 100 Inspiration Cons 25 C op p er_____ ..2 0 Island Creek C o a l.l X 196 103 Isle Rovale C op .25 1034 134 62 Kennecott C o p p e r .t 75c. Kerr L a k e . . _____ 5 95c. Lake C o p p e r .. 25 1 1 c. 85c. La Salle C o p p e r ..25 M agm a C opper C o .t X 35 2534 19734 106 11 2 6234 80 c 134 1 2 o. 1 36 234 5Jc 60c. 2534 1634 3934 434 14 34 22 34 15c 18 6534 74 34 834 334 2 25 1434 San T o y ______ __ . 1 Seneca C op M in . t 22 Shannon____ .10 Shattuck Ariz C oplO So Am Gold & P la t.l South Lake____ 25 325 Superior & Boston 10 Tennessee Copper & Chemical t 9634 9634 Tonopah (N e v )___1 T onopah Ext M in 1 22 Trinity C op per____5 40 United Verde Ext50c U tah -A pex________ 5 95 71 4 W inona____ 6 12 18 40 16 41 k 26 s 4 25 30 2 34 5 11 10 34 234 334 2k 3 24 34 5k 11334 1 75c. 12 • 8234 30c. 334 18c. 2434 6 115 134 82 • 15c. TITLE GU ARAN T SAFE DEPOSIT ST American Surety_5C Bond & M G u ar. 10C Chicago T & Tr.lOC C ity S D (A lb .N Y ) 10C Columbia T itle (W ash in g ton )___5 Fidelity & D (M d ) 5C Kentucky T itle Co Stocks. a a a 48 a 45 70 2 134 115 125 a 65 a 65 a3600 3800 a 160 82 229 92 88 234 95 91 1900 1950 EE & OCK dx 194 330 595 120 198 331 605 130 d Lawyers' T itle & Guar____ _____ Lawyers’ M Co__10C M aryland Cas Oo_25 d M ortgage B o n d . 100 Nat Surety C o .100 New Amsterdam Casualty (Balt) 10 d N Y T itle & M t g . 100 R E T Ies(W ash ) 100 T it Ins & Gu(SanFr) T itle & Inv M d --5 0 d T itle Gu T r(S tL ) 100 U S C asualty____ 100 U SFidel& G u(M d) 50 d 10 13334 11 90 295 270 236 300 274 99 155 240 Bid. Par Ask. Per share. IN D U STR IAL AND M ISCELLAN EO U S Abbotts Alderney Dairies pref___100 Abitibi Pow & P a p .f Preferred _____ 100 Abraham & Straus, t 7 % preferred - - 1 0 0 Adams E xpress. . 100 A dvance-R um ely 100 Preferred 6 % .1 0 0 Aeolian-W e her Piano & Pian_-100 Preferred ____100 Air R eduction_____ t Ajax R ubber____ _ f Albany (N Y ) Safe D ep & Storage 100 A lb a n y P e rfo r a te d W rap Paper . f Preferred 7 % . 100 Allied Chem & Dye C o rp __________ .jPreferred_____ 100 _ Allied Pack n e w _ f Prior p r e f ___100 Senior pref____100 -Allis-Chalmers M fg C o m m o n .. . . 1 0 0 Preferred___.100 Aluminum C o com t 6 % preferred. 100 Warrants___ Aluminum M frs ___t P referred_____ 100 Amal Leather_____ f Preferred 7 % . 100 d r d 10334 86 11434 69 111 125 934 3134 25 99 dx 13834 d 934 8934 70 — 127 10 3234 30 104 140 9% 160 170 10 1 a lo b /8 12034 d 2 15 5 90 110 d 7134 102 d 10134 d 32 a 110 a 1634 104 d 100 d 88 T e m p v t c .. -t d P referred. . .100 110 d 26 99 80 Amerada C orp . f d 32 13 46 k P referred. . 100 Am Bank N ote ..1 0 cl 41 k 56 k P referred______ 50‘ Am Beet S u g a r _(t) a 23 5834 130 Am Bosch M a gn ’o t d 1634 Am Brake Sh & F _t d 137 Preferred 100 11734 Am Brown Boveri El Partic stock _ , (t ); d 3834 96 Preferred . .1 0 0 Am Gan . ______ 25 d 48 34 Preferred . . 100 128 Am Gar & F dv. (t) a 100 12834 4 Am Caramel . . 100 41 P referred___ 10C Am Chain Class A 25 d 2534 Am C h icle_______ f d 3734 T em p v t c ______ t cl 3634 1 st preferred s 2034 A m erCyanam id A 20 30c. 60c _ C om m on B _ 20 Preferred___.100 Am Drug S yn d ___10 Per share. Am E x p r e s s ___100 Am Fork & Hoe 100 a 57 62 1st preferred. 100 50 53 American Glue .100 a 58 P referred____ 100 a 89 Am H ardware___100 a 50 Am-Hawaiian S S.10 a 1l 1 Am H ide & LeathlOO a 940 960 P referred_____ 100 a 123 Amer H om e P r o d - .t a Amer H osiery____ 25 116 a 87 Amer Ice O o ._ 100 a 30 P r e fe r r e d ____ 100 a Am Intern C o rp . _(t) al070 Amer-La France Albany T r (Bost)lOO Alliance R ealty____t Bedford Tr (Bos) 100 B erkeleyH otelTr(B ) i Bd o f T r Bid Tr (C).i Bos G r'd R 'T T r (C)i Bos R E T (Bos)lOOO Bos Stor W 'h ’se (B) .i Boston W harf C o .J B rom f Bldg Tr (B)_i Business R E T r(B ) i Gent Bldg Tr (B) J Chic R E Trus's 1000 C ity R E G ( C ) 100(1 n son ates (B o sto n )____ C'gress St Big T r(B )i share. C opley Sq Tti (Bos) J 25c. Devonish Big T r(B )i 534 East Bos Land ( B ) . . Ensley Land C o ___ lk 10c. Essex St T r (B o st).i Factory Big Tr (B) _i Fifty Associates (B)_ 8 k Hotel T r (B o sto n ). _i 45 4834 Kim ball Bldg T r(B )i 1> Realty Associates of 80c. B rooklyn co m _ t _ 30 1st preferred-.IOC 2d preferred..10C J k Texas P acific Land Trust ctfs ____ 100 1034 Alaska Juneau Gold M ining_________10 1M ____ A lg o m a h _________25 Amer Zinc Lead & S m e ltin g ----------25 8 k P referred______ 25 44 102 Anaconda C o r p ..5 0 48 Arizona C om c ia l..5 9 k 105 3S Arcadian C on s___25 b 60e. Bingham M in e s .. 10 x 29 Bonanza Dev C o .10 120 50 Butte C op & Z C o . 5 |J4 Butte & S u p ------- 10 186 1034 Callahan Zinc-Lead C o _______ _____ 10 1k 134 Calum et & A r i z ..l 0 66 67 Calum et & H ecla.25 14 k 1534 C arnegie M etals — 12 13 12 11 25 34 Carson Hill G M . .1 Cerro de P asco------ 1 92 62 34 Chili C op p er_____ 25 4 70 3434 3434 Chino C op p er_____ 5 2 27 210 Consol C op p er------ 1 2 k 334 C on Lead & Z in c .20 d 16 k 17 260 r 251 Vs 252 C op Range C o n . 100 14 1434 Crown R eserve____ 1 10c 5c. Da vis-D aly Copper 1 100 67 De Beers Cons M ___ 32 k 3434 ____ D om e M in e s .. . f x 9k 1034 East B u tte . . . .10 2k 2k Engineer Gold M . . 5 s 4 s 434 510 Federal M & Sm. 100 87 93 Preferred. ___100 190 78 76 First National 505 C op ($3.75 p d )_ .5 5c. 8c. Franklin. _______25 b 25c. 660 Goldfield Consol 7o0 M ines____________ 500 s 8c. Granby Cons M S & Power_________100 700 35 34 k Granite-Bi-M etallic 49i (St Louis) _____ 10 30c. 40c. 1600 Greene-Cananea. 100 1170 3034 3134 50c. 15 21 . .2 5 REAL ESTATE TR 92 3334 & LAND STOCKS 20 234 2 dc. Utah Metal & T u n .l Yukon A laska______ Yukon G old ____5 M A R IN E IN S U R ANCE SCRIP. Per cent Atlantic M utual— 1924 ____________ f 105 106 1 92 5 ____________ / 105 10634 1926--------------------- / 1 0 5 k 107 Per 15c. 5 Per share 50c. 35c. 17 16 1534 1534 2034 1934 63 60 40 3934 22 Springfield,Mass. ____ Springfield Fire & M 495 W ashington, A m erican_______ 100 200 ____ Corcoran ______ 50 140 Firem an’s . . . . -20 x 23 National U nion. .5 23 W heeling, W. Va, ____ k 150 Wheeling Fire 1 . 100 M INING STOCK S. A dventure C o n s . .25 Ask. Bid. Par 35c. M ayflow er Old Col 25 b 45c. 25 M cIn tyre Porcupine5 Miami C o p p e r ___5 1634 39 M o h a w k . _____ 25 434 M otherlode C oal’n . t N evada Cons C o p .5 1434 22 170 New Cornelia C o p .5 ____ New Dom inion A ..1 5 c. 90 16 New River C o . .100 440 64 Preferred . .100 240 73 k 280 Nipissiug M in e s .. 5 834 115 North B u tte. 15 3 34 10 c. 97 N orth L a k e .. _ .. 2 5 40c. 80 Ohio C o p p e r .. .. 1 0 190 Old Dom inion C o 25 14 170 Ontario Silver M in . t 46 Consol Mines . _ 1 534 Pond Creek— 11 55 5434 Q u in cy ___________ 25 1734 5334 Rand M ines, L t d ___ 3834 R ay Cons C o p p e r. 10 15 34 85 St Joseph Lead .. 1 0 4134 105 9134 Stocks. 45 85 147 27 13634 12 13 4 234 20 7 9034 11Q34 72 J 4 103 33 111 I 634 107 234 82 3234 13 34 4734 42 57 24 61 133 17 138 118 3834 97 49 130 102 2534 38 37 90 90 154 101 a d d 5434 35 35 88 9l A 13034 98 10634 34 109 83 r t 9 8 34 51 rf 30 d 25 125 8434 d 3834 Qk 90 Amer Laundry M ach in ery_____ 1 d 109 125 Preferred ___100 Amer Linseed___100 2934 40 36 90 934 13134 36 11034 85 934 834 5134 3034 12634 84 34 3834 10 97 110 128 30 71 73 34 Amer L o co m o tiv e , t d 10934 10934 P referred . 10C 120 11934 Amer M ach & F d y . f d 72 74 Preferred new .10C 124 126 Amer M etal C o . . 1 d 43 46 P referred_____ 10C 104 112 Amer M ultigraph _ f d 1934 2034 Amer P ia n o .. ..1 0 0 s 263 s 267 P re fe rre d .. ..1 0 0 107 10034 Amer Pneu Serv._25 d 234 234 1st preferred___50 d 49 50 Preferred _____ 50 d 17 18 Amer R a d ia to r .. 25 d 11334 11334 Preferred. 100 13334 Am R y Express 100 88 89 34 Amer Rayon Prod (t) s 734 Amer Repub C orp t d 4034 42 Am Rolling M ill .2 5 dx 46 4634 7 % pref (n ew ). 100 11134 114 Am Safety Razor 100 5634 American Screw . 100 81 84 Am Seed M ach .50 d 29 Preferred___ 100 50 65 Amer Shipbldg 100 80 83 ' Amer Ship & Com (t) d 534 AmSmelt & Refg.lijO 14234 Preferred____ 100 12034 6 142J4 121 Preferred___.100 97 9434 Am Steel F'drles (f) d 4434 45 Preferred_____ 100 113 American Stores, t d 7134 72 Am Sugar Refg 100 53 52 34 8134 8134 421 Preferred____ 100 430 106 108 175 Am Sumat T o b — N e w co . v t c . (t) d 4234 4234 52 Am Thread pref .5 cl 60 3 34 334 40 Am T o b a cco . .50 d 12134 12234 325 C om m on B . 50 d 121 340 12134 241 243 P referred_____ 100 110 11034 Am T yp e Found 100 123 34 127 Preferred . . 100 108 10934 Am Vitrified P rod .50 d 28 30 Preferred . _ 100 88 92 American Wholesale C orp p ref_____ 100 99 34 106 a Purchaser also pays accrued dvidend. b Assessment paid, d Price per ahare, not per cent, h Par value <1,000 k Last sale, i Par value 410U n N om inal, r Canadian price s Sale price i New stock, u Ex-cash and stock dividend. • E x-stock dividend * E x-dividend. \ E x -r ig h ti. j z Ex-100 % stock dividend, t W ithout par value. 145 236 46 S to c k a . INDUSTRIAL AND MISCELLANEOUS STOCKS Par Bid. Per 1 Ask. S to c k s . Par Bid. Ask. S to c k * . Par Bid. A sk. S to c k * . [Vol . 124. Par Bid. A sk. Per share. Per share. Per share. im e r W ind Glass C alif Pack C orp ___■ d 69 Crescent P ipe L ..2 C d 1434 Gabriel Snubber A . ' d 2934 70 15 2934 Preferred_____ 10C C alif P etrol______ 2 5 d. 31 109 23 26 Galena-Sig O il. _ 10C 10 3134 iCrex C arpet____10C 934 4m er W ind Glass Cambria Iro n ___ 50 d 40 34 60 P ref (o ld )_____ 10C 61 27 28 4034 C rock- W heeler . . 10C M achine______ 10C P referred___ 10C 56 P ref (new )____ 10C Canada C em ent. 100 r 126 60 65 70 61 12634 Preferred..........10( s 81 Gardner M o to rs___' d Preferred____ 100 r 11734 734 11834 Crown-W iliam Papei 734 33 1 3334 Can D r y Ging A le . t d 3634 4m W ool (M ass).10( Gen Am Tank C a r .' d 4534 1st preferred. .1 d 9734 100 46 3634 Preferred____ 1Or 87 Can Fdys & Forg.100 r -----20 Crucible Steel___10C 125 133 81 1st preferred_10C 8534 7934 ____ st 30 A m W rit g Pap p f 100 Preferred . 100 m 691a 70 103 Gen Asph com _10( Preferred_____ 10C 105 88 8734 A ug-Am Oil vt stk £1 d 20 M Preferred____ 10( 125 133 2014 Can SS Lines new . r 36 3634 Cuba Cane S u g a r ..' d 10 10)4 N on voting stk_£] d 19Vs Can SS Lines v t, lOO r 33 20 Preferred_____ 10C 3334 48 34 4934 Gen B aking, cl A ..1 d 6134 6154 4rcher-Daniels ' d 3234 Class B _________ i d 634 7 Preferred new . 100 r 8334 8334 Cuba C o _____ 3234 M id co m ______ 1 d 4054 4214 CanadianCar&F.lOO r 4834 Preferred . _ (t' d 117 4834 C uban-Am Sug___If d 2734 2734 125M Preferred_____ 10C 106 Gen Cigar com m on 1 d 5434 89 Preferred_____ 100 Preferred_____ 100 r 8834 101 110 10734 5434 Armour & C o o f Del P referred_____ 10( 116 C anad’n Oanners 100 r -----2134 Cuban Dom inican Preferred_____ 10( Sugar co m ______ 1 d 18 92 34 D eb p r e f . ___10C 9314 Preferred_____ 100 r 76 7634 11334 1834 11734 Arm our & C o (111)— Cudahy P a ck . .10C d 5234 53 General E lectric, (t' d 83 34 84M Canadian Explos. 1001 140 Cumberl Pipe L.10C C om Cl A v t c.25 109 Special 6 % s tk .K d 1134 105 106 Preferred_____ 100 107 1514 1534 1134 C om C l B v t c .2 5 8V? 9 Can Indus A lch ___ r 2334 54 2334 Cushm an’s Sons ..1 d 104 10634 Gen" Fireproofing. 1 d 5334 80 P r e fe r r e d _ _ lOOl 84 Can L ocom otiv e. 100 r 40 7 % pref---------- 10C Preferred_____ 10C 107 110 106 Arnold. Constable 8 % pref . . .1 d 106 3 83 & 10934 General M otors .1 d 153 34 154 Preferred. . . 1 0 0 r 8234 A O o____________ i d 2 2% Cuyam el F ru it____1 d 3234 Preferred____ 10C 8 24 34 Can Woollens___100 f 104)4 3334 Artloom C orp ____i d 5454 65 D H Holmes Ltd.lOC 245 D eb 6 % s to c k . 10C 104)4 Preferred____ 100 r 60 5514 7 % pref. temp 100| 112 114 Canton Oo__ 100 235 D avega, I n c_____ (f ) d 21 260 D eb 7 % s to c k . 10C 120 34 12134 Art M etal C on ___10 d 22 3j 235 General Outdoor— 260 Davis C & O . . .100 71 75 2334 Trustees certif.l0 ( Arundel C orp ____ (t) d 32 1 Davison C hem . t d 2734 Advertising A ___t d 5534 3 3234 Caracas Sugar____50 d 2834 56M Asbestos C o rp ____ + dr 23 Carib Syndicate. 25 d 2434 C om v t c _______ t d 38 H 24 39 2434 D evoe & Raynolds 102 Preferred_____ 100 r 83 Inc 1st p ref. 10C Gen P e t r o l . _____ 25 d . _ 105 8534 Case Plow W orks (t) d ____ ____ Arsoc Dry G ’ds P r e f e r r e d .____ 25 d ____ 1st p r e f.. .. .1 0 0 Class A (non-vot) t d 40 4034 Gen R y Signal com t d 8334 2d p r e f . _____ 100 I ____ Deere & C o p re f. 10C 105 108 8354 C om new te m p ._ t,d 41 M 4134 98 102 Case (J I) Threshing D L & W C oal___5C d ____ 1st p ref______ 100 Preferred . . 10C 104 2d pref_______ 100 105 152 General Refrac t ]d 42 43“ 110 M ach com ..1 0 0 I 151 D et & C lev N a v -,5 0 dx 1434 15 Associated Oil . 25 d 49 34 52 Diam ond M a tch . 10C 116 152 Preferred___.100 116 116 11634 Gen Tire & T u b .2 5 d 150 Arsociated Simmons 144 Case Lockw ood A Dixon (J) C ruc.-lO C 146 P r e fe r r e d ___10C ! 105 6914 D odge Bros com A (t d 2634 Hardware p f . . l 0 ( 84“ Brainard C o . . 10C ' 325 27 Giant P ort G e m ..50 d 83 7034 21 Atl Fruit & Sugar. . 1 d 17 P re fe re n ce ___ ft'' d 82 P re fe r re d .. . . 5( d 43 IVs 134 Celluloid Co . . . 1 0 0 8234 54v< Atl G ulf & W Ind Preferred____100 67 D odge M fg pref .100 34 70 30 Gillette Saf R a z . (t) d 92 92 34 433^ SS Lines s tp d --(t ) d 39 54 4034 C ent A lloy Steel, (t) ^ 29 2934 Dom inion Bdf?e_100 r 120 12034 Gim bel B ros______ t d 43 38 D om Coal pref 10C r 72 104 Preferred_____ 10C 40 P re fe r re d .. . 100 d 10634 107 Preferred_____ 10C 104 34 Atlan Lobos Oil___t d 1 1 Dom inion Glass. 10C r 104 34 10434 Glen Alden Goal . t d 179 180 2 114 Central Aguirre 112 4 Sugar C os_____ 20 d 9834 Preferred___ 10C r ____ 21 Preferred___.. 5 0 d Glidden C o _______ t d 2034 3M 100 114 D om I & S p r e f .. 10C r ____ Atlantic R efin’g .1 00 7 % prior p re f. 10C 87 88 5 5834 11434 Central C & O ..10C D om St C orp p f.1 0 0 r 2134 G lobe- W ernlcke 10C 83 Preferred . . . 10C 116 Preferred_____ 10C 75 80 90 11634 Atlas Plyw ood ._ ( t dx 56 8 12 Undeposited s tk . 83 90 5814 Central Leather. 10' 834 Donner Steel com 10C 734 P ref undep stk 10C Atlas Portland C om ctfs dep-.lO C 7 97 95 1st pref e r r e d .. 10C 8854 734 42 54 55 Cement ______ 1 d 41 Preferred . _.10C 40 45 P ref deposited .10C 90 95 2d pref erred ..10C Atlas Pow der_____ t d 61 62 54 Pref ctfs dep 10( 46 G od ch ’x Sug I n c___t d 234 5434 Douglas P ectin____i d 4534 4m Preferred____ 10C Cen Teresa Sug p f 1( i 75c. Douglas Shoe pf.lOC 83 Preferred___. 1O0 98 79 14 20 9714 D ow Chem co m ___t d 71 Atlas T a c k ________t d G old Dust Corp v t c t d 42 H 814 75 934 Century Ribbon 43 m G oodrich (B F ) ____t d 4234 M ills com ._ 14 Preferred___ 100 100 Austin, N lch & C o .t d 43 m 9% d 1334 1034 duPont (E I) de N 84 Preferred_____ 10C 61 63 Preferred___.10' Preferred___.lOO 95' 4 7834 9434 Auto Knitter G oodyear Tire Sc & Co c o m . _(t) d 17634 C ert’n-Teed Prod 177 d 42 Vs 4234 H osiery_______ t d 104 T ubber c o m . 100 1st p ref______ 10' 105 Deben s to c k . 100i 10734 110 Vs 34 3034 34 3134 Autosales C orp ___6C d 2d p ref. ___10' 12 99 100 4 Durham H o sie ry .50 d 8 Preferred___ 100 6 9534 P r e f e r r e d ..___6C d 38 Champion Coated 42 Prior pref ___100 P r e fe r r e d ... 100 40 1043 4 10534 5034 B abcock & WU-.UX) Eagle L o c k . ____25 d 112 115 116 Goodyear T Sc R of 114 116 ! Paper_________10' 140 California pref___ n 9334 Baldw L oc W ks.100 28 P r e fe r r e d ____10» 155 Vi 15634 94 11034 Eagle-Picher Lead 20 d 27 34 10934 Eastern M fg _____ fid 5 115 9 Preferred_____ 10C 534 Goodyear T & R of 11834 C hand-C lev M o t o r . d 834 Baltimore T u b e . 10C Preferred___ 22 Preferred_____ 100 Canada p ref. 100 r 95 11 30 35 d 2134 East R oll M i l l .. t d 27 Gorham M fg co m (t) d 30 Preferred___.100 36 Chapman V alve. 10C 280 32 " 40 2S0 28 P referred .. Preferred . . 100 105 85 99 101 84 K, Eastern SS Lines Gotham Silk— Chesebr'gh M fg .21 d 7734 Barnet Leather____ t d 40 46 47 43 78 Preferred___ 100 Chic June R vs S c 1st p r e f _____ 100 x 9134 H osiery (v o tin g ). + d 6034 61 97 92 34 Barnhart Bros S c N on partic pref Un St Y d s'tpd.lOi x 13734 N on -v otin g_____ i d 6034 61 d 3734 3834 Spindler l s t p f 100 Eastman K odak . . t i 133 1st preferred. 100 111 Preferred_____ 10* i 101 Vs 104 106 13334 11134 Chic Pneu T o o l. _ 10C Barnsdali Corp 122 123 Preferred____100 122 118 7 % p f(w ith war) 100 104 104 m Class A voting 25 d 2714 E aton Axle & S p . t i 2434 10 _ 934 2734 Chic R y E qu ip___2« d 2734 2534 G ould C ou p A . _ t d ... P referred .. 2! d c 128 Class B n on -vot.25 d 25 26 Grasselli C h e m .. 100 127 2234 Eisenlohr (O tto) S B ro . ---------- 25 d 1134 B ayuk Cigars . . i d 5314 12 Preferred_____ 100 103 104 53 Vs Chic W ilm & Frank Coal com . _ 10C 22 P r e fe r r e d ____100 88 93 14 '* p re f___100 d 10034 25 G rat & K n ig h t____t d 13 10334 2d con v 8 % p f - 100 dx 41 M Preferred____ 10C Electric Auto-lite (t) d 6434 N ew p r e f ____ 100 59 90 63 6534 4134, Chic Y ellow Cab .1 d 41 Electric B o a t. (+) d 1434 84 Beatrice C r e a m ..60 d 58 86 45 60 1434 Gray & D u d le y .. 100 i d 3734 d 4934 Preferred . . . 102 102 1 5034 E lectric Refrig 37 % 105 100 Elec Stor B att t d 7834 Beaver Board C o— Preferred___.10C 11634 7934 G t A & P Tea p f.1 0 0 117 34 119 11734 Gt Lakes T o w ___100 81 C om v t c Cl A ._ t d 314 34 34 Elgin N W atch .2 5 d 80 7034 100 4 1ChristieBrown&Co 1 d 33 Com v t c Cl B . t d 9 P referred100 10 4 1 Chrysler Corp __(t d 42 42 Vs Elk H Coal C o rp . t d 9934 314 100 M Preferred_____ ( t d 101 1st pref v t C ..1 0 0 Preferred___ 50 d 23 Vs 267 272 3714 10134 25 Vs Great N or P a p ..1 0 0 3834 E ly Walker D rv Beech-N ut P a c k . .20 d 58 Great West Sug .2 5 d 1083i 109 20 1234 5834 Cin T o b Wareh-.IOC Cin Un Stk Y d s. 1Of G o o d s . ___ 25 d 32 7 % pref Cl B _ . 100 z d ll3 ?4 33 130 135 Preferred___ 100 11834 I I 834 1st preferred. 100 112 Grnfld T ap& D pflOO Beldtng H em ’w a y (t) d 95 98 150 2634 C ity Investing 100 102 2d preferred. .100 Grennan B akeries, t d . . . Beth-hem S te e l.. 100 d 46 Preferred_____100 110 87 90 47 C lev Sc B u ff T r_.1 0 i 2 7 % cum p r e f .. 100 10414 Em erson-Brant. 100 P r e fe r r e d ____ 100 55 98 102 105 34 C leve-Cliffs Iron 1 d 70 Com ctf of dep 100 W a r ra n ts ____ Billings & Spen .2 5 d 1 d 55 76 6 34 Cleveland Stone. 10C Preferred_____ 100 Guantanam o Sug f d Preferred______ 25 d 52 6 15 48 9M 8 934 Clinchfield C oal. 10( Pref ctf of dep. 100 Bliss (E W ) C o ____t d 21 6 Preferred___.100 34 85 S7 100 27 834 Guardian In vest’t Preferred______ 50 d 56 Preferred___ 10C Emerson Brant 100 Corp cl A . (+) d 6 C orp units_____ t d 98 10 2d preferred___ 10 d 10 100 61 1134 Cluett, P e a b o d v . 1 d 6034 Class B ____ ( i) d 2 G u lf Oil C o m 25 d 96 B loch Bros T o b __25 d Preferred___ 10( 114 k 3334 11134 96M Preferred . . ..1 0 0 54 55 3734 G u lf States St’l 100 17234 Emporium Corp (tl d 36 k 9434, C oca-C ola C o _____ * d 172 C oca-Cola In t___(ti d Bloom ingdale B r o s .t d 4014 Endicott-Johnson nil d 67 1st preferred .100 41 168 99)4 10234 6734 Collins & Aikman ( t^ d 6534 Hale & Kilburn 100 P ref cum 7 % --1 0 0 Preferred_____ 100 115 11834 6534 11034 Pref C 7 % )„ 100 127 Equit O ffice B ldg— Bluenthal (S)— P referred___ 100 130 Collins C o ___ 10( Inc 7% pref. ..1 0 0 Preferred____ 100 135 145 37 40 50 12034 12134 Ha-nil-Br S h o e .. 25 d 36 C olo Fuel & Iron. 1Of Hanna (M A ) 1st 25 B on Ami com A (t) d 5334 54 43 34 43)4 Erie Steam Shovel 5 d 2434 Preferred___ 100 101 103 preferred______100 62 csooth Fisheries___T d 60 116 118 7% preferred.. 1 0 0 7 734 C olt’s Patent Fire (ti d 1134 Eureka Pipe L .100 47 1st p referred .. 100 13 4934 Harbauer C o 45 50 Arms M f g .. 2 f d 28 Eureka Vac Clean t d 6634 Botany Cons M ills— 29 135 6634 H arb-W alk R e f .. 100 d 133 Preferred 1 on d 106 Preferred . 100 Class A _______ 60 d 28 69 2834 Colum C arbon vtcft) d 6734 Exch Buff Corn 1 d 15 V Commercial Invest s 101 1534 Harris A uto P ress(t) d 30 3034 T ru st____ __ ■ d 5534 ( t d 2634 Borne. Scrym ser. 25 d 63 27 67 56 34 Fair (The) Chic 2734 Hartman Corp cl A 't d 26 H 7% 1st pref__ 1O f Class B t d 26 104 Host Belting p f. . 100 Preferred - 100 100 14 20 9734 26M Fairbanks C o 25 d H art, Schaffner & 634 % 1st pref witt Boston W oven Hose 234 334 warrants 100 8 % non-vot pf. 100 M a rx --------- ..1 0 0 116 92 115 A R ubber com (t) d 77 81 9134 Hawaiian C om & Fairbanks M orse, i d 42 43 Com m ercial Credit 100 103 Sugar----- . . . 25 d 49 Preferred____ 100 108 111 C om m on . . . . . . . f d 1734 50 18 29 Briggs M f g _____ (t) a 2834 Hayes W heel. t d 1934 7 % preferred . 25 d 2234 161 163 Brill C orp new A . . t d 4514 46 i 2234 Fajardo Sugar___100 2034 f d ____ Preferred . 1 00 8% pref cl B ___26 d 22 Vs 5 10134 104 Class B _____ t d 21% 22 2234 i' alls Rubber . Preferred 9 , d ____ .F 634 % 1st pref Bristol Brass____ 26 a 9 1734 Hazel-Atlas G lass.25 d ____ k 5034 7 Helme (G W ) C o with pur war 100 Brit-Am er T ob reg£l d 23 24 8534 8734 Famous PlayersLasky C o r o . t d 11334 C om m Solvents B .t d 230 C om m on _____ 25 d 75 114 80 232 d 23 24 Congoleum-N airn_j d 19 Preferred. .1 0 0 P re fe r re d .. 100 11634 19Vs 120 Vs 12234 Famous Players— P referred. Hercules Powder 100 175 103 180 105 8634 8514 Congress Cigar__ f d 5534 Can Corp com 100 r 20 Preferred___ 100 116 118 British Empire 5534 C onley Tin Foil— First pref . .100 r 9334 94 H err-H -M arSafe 100 185 195 Steel co m _____ 100 1 14 H ey w ood -W akeStpd as to liq d iv . 20 39 1st pref ______ 100 34 Fay & Egan c o m . 100 1934 34 1314 Preferred . ] 00 field C o . . . ..1 0 0 59 80 60 66 2d p re f. ____ 100 47 50 214 234 Consol Car H ea t. 100 Cons Cigar Corp j d 8434 t d 2734 Preferred___ 100 95 99 Brown S h o e ____ ( t) d 32 A 34 2734 8434 Federal M o t T r H oe (R ) & C o cl A . t d 2234 Pref erred___.100 40 23 Preferred----- .100 109 M 983-4 10234 Federal Sug R e fg . 100 _ Preferred-------- 100 Cons Coal o f St L . 100 Hollingsh'd (R M ) Co 60 50 C o m m o n ____ t d 5 16 10 d 36 V' 134 134 5th A ve Bus term t d 1334 3634 Consol Distrib . . . t d Units . ____ -j- d 82 Federated M etals t d 12 Cons Ice (Pittsb) 50 d 2 14 101 103 Preferred_____ 60 d . . 18 F ireston eT & R u b .lO d 11634 11734 H olly Sug O o ___ f d 37 39 d 47 4834 6 % 1st pref___100 Consol Textile___t d P referred_____ 100 80 83 Bucyrus com . 100 232 334 240 334 10234 7 % 2d p ref___100 t d 46 Cons Coal o f M d .100 d 58 36 37 60 9934 H ood R ubber . 4634 9834 Preferred____ 100 P referred___ 100 100 107 9834 First National 10234 Consumers C o ___20 d Pictures 1st Df.100 H ood R ub P ro Df 100 99 96 734 93 734 10434 First Nat S to r e s ..(t) d 2834 Preferred_____ 100 74 79 2834 H ooven Owens & Burns Bros 7 % p f.l0 0 9814 100 Rentschler p f . 100 Fisk R ubber c o m . - f d 1634 Cent Baking A . . t i 6734 95 103 68 16 34 11634 H orn & H ardart (N Y ) d 54 Class B ________ f d 934 1 st preferred -.100 80 55 Class A com s t k .t d 125 8034 934 126 1st pref con v pflOO H orn & H ard ’t (Phila) 260 Preferred (8 % ) 100 98 99 93 Class B com s t k .t i 27 V > 28 9334 26434 t d 7234 2d pref 7 % ... 1 0 0 Household Prod . t d 43 i 122 73 34 43 M 12314 Continental Can Preferred_____ 100 120 4734 H ouston Oil c t fs . 100 Bush Term C o com (t) i 30 6034 3034 12234 Fleishmann C o ____ t i 47 61M Preferred 6% _100l Preferred c t fs . 100 88 89 1234 11334 7 % debenture .100 9114 9134 Continental M ot . t i 1234 Howe Scale p re f. 100 63 Dont’tal Oil v t c .1 0 d 2034 413 66 2034 Ford M o t o f CanlOO 411 Fostoria Glass___100 d 150 Hudson M o t C a r ._ t d 5434 Jorn Prod Refg .251 d 4934 103 Bldgs p re f. ..1 0 0 50 5454 Hum ble Oil & R ..2 5 d 61 Foundation C o ____ t d 80 Preferred_____ 100 81 131 52 13034 6134 5014 Cosg-M eeh C oal___ i d 12 Fox Film cl A . t d 7034 42 16 41 7134 Hupp M o t o r . ___10 d 22 34 2254 Hutch Sug P lt n ._ 2 5 d 12 13 2 o ty In c tem p c t f. i d 5734 24 105 106 5734 Fox Theatres A co m f d 22 34 Franklin (H H ) M fgj H utto E ng C orp . ( t ) d 734 20 B y P rod Coke (vot) t 67 734 1834 6834 Dramp (W m ) & Sons! H ydraulic Pr Br_100i Preferred___.100 Sh & E B ld g _1001 83 80 434 California Cyanide 15 25 534 P referred_____ 100 ! Freeport T ex C o ___ i d 33 V % ____ 34 80 ! 30 U nits_________ 40 !• a Purchaser also pays accrued dividend d Price per share, not per cent, k Last sale. I P ar value $100. n N o m in al, o Price per cent of val r'Oanadian price a 8ale price, t N e w stock u Ex-stock div t Assessment paid ziEx-divldend v Ex-rights, t W ithout par value. share. S to c k s . Par. 47 INDUSTRIAL AND MISCELLANEOUS STOCKS Ja n . 1927.] , Bid. A sk. Per share. Illinois B rick_____ 2 5 ]d 5 1% 51X Illinois Pipe L .. .1 0 0 128 12614 Imperial G la ss..1 0 0 k 72 Imperial Oil new ____ d 37*$ 38*$ Imperial T ob a cco o f Canada c o m . . 5 d 6% Imperial T ob a cco o f G t. B rit & Irel’d d 2 8 % _ 32 Indepen B rew 'g_50 d 3*$ 2% Preferred______ 50 d 6 5% Indep Oil & G as___tjrf 29 X 30 Indep Pneum T o o l .t r f 54 58 Indiana Pipe Line 50 V/ 62 64 Indian M o to cy cle . . t 16*$ 16 7 % p referred .. 100 92 Indian R ef co m ___10 ~8% 8*$ Stock tr ctfs___10 8)4 8 Preferred_____ 100 107 100 India Tire & R u b .(t ) 30 In g e rso ll-R a n d _(t) 96 92“ Preferred_____ 100 104 Inland Steel_____ (+) 42“ 41M Preferred_____ 100 111 Intercont R u b ____ t 13 12*$ Int Agr C or co m ___f 11 10 Prior p r e f ____ 100 64 62*$ Int Business M a c h .t 54 X 54 Inter B utton Hole Sew M ach in e. .1 0 514 Int Cement C o n > ..t 52 51 Pref ( 7 % ) ____ 100 104 *$ 105 Int Cigar M a ch . 100 104 110 Int Com bust E n g ._ t 49)4 49 Vs Int Educational Publishing com .5 0 Preferred______ 50 5% 4X Int Harvester___100 142 % 142 X Preferred_____ 100 127 *$ 127 *$ Internal H oldin g— 4 2 lnternat’1 M a tch — Partic pref_____ 35 64 6314 Int M er M a rin e. 100 7 6)4 Preferred_____ 100 38 38)4 Inter N ickel_____ 25 38*$ 38)4 Preferred_____ 100 104)4 Inter P a p e r _____ (t) 56“ 55)4 6% p referred -.100 7 % p re f............100 98 % 98 *$ Internet Petrol____ t 32% 32 % Inter Salt________ 100 68 65 Internal Shoe_____ t 164 160 P referred_____ 1O0 108)4 Inter Silver_____ loO l6 l“ 100 P referred_____ 100 106 103 Int T ext B ook ___100 30 27 Intertype C orp ------ 1 20% 19)4 Iron Prod C orp ---- 10 85 78 J R M ontgom ery 100 75 P referred_____ 100 80 50 Jewel T ea -------------(+) d 54 54*$ P referred_____ 100 125 120 Johns-M anv. I n c . - t d 209 212 N ew com m on -----20 18 N ew preferred___ 77 73 Johnson Tin Foil & M eta l______ 100 65 Jones Bros T e a ------ 1 d 11 11% Jones & Laughlin Steel 7 % p re f. 100 117% 119 Jordan M otor C a r .t d 21 21*$ __ K C Stk Y ds M e . 100 104 Preferred_____ 100 83*$ 8 2% Kanawha & H ock Coal & C o k e .. 100 Preferred_____ 100 Kans & G u lf C o .-lO d " % ~ '% Kayser (Jul) & C o . f d 50% 50% 1st preferred____ t d 111 113 Keith (G eo E) C o— 1st preferred ..1 0 0 102 100 Kelly-Springf Tire 25 d 10 10*$ 52 48 48 44*$ Kelsey W heel___100 87 8 0% Preferred_____ 100 120 115 Kendal] M fg ---------- 1 d 10 Preferred_____ 100 25 Keyst Tire & R ___10 d % Kinney ( G R ) -------- 1 d 43 46 Preferred_____ 100i 85 80 K irby L u m b e r ..100; 190 235 K raft Cheese_____ 25 d 57 59 Kresge D ept Stores t d 19 20*$ Preferred_____ lOOj 81 83)4 Kresge (S S) C o— I C om (v o t )_____ 10 d 54)4 55 P referred_____ 100: 107 113*$ Kress (S H) & C o 100! 359 550 P referred_____ 1001 124 K upp’h ’mer (B )— 5 40“ 34 P referred_____ 100 105 Laclede Steel____ 100 180 Lago Oil &JTrans 22 20 Lake Sup C oriK ____ 1*$ 1) Lake o f the W oods M illin g...............100 150 Preferred_____ 100 116 Lam bert C o _______ tj d 66)4 66% Landers, Frary & C la rk __________ 25 d 88)4 90 Lanst M on oty p e 100 94)4 93)4 Larrowe M illin g— tld 23 23% Laurentide C o . . 1 0 0 / 1 10 X 110% Lee R ub & T ire ------ t d 7X 7% Leh Coal & N a v._5 0 ]d 110)4 111 Lehigh Val Coal Sales___________ 50 d 95 97 Leh & W -B C o a l . . 50 d Lehn & Fink P r o d .t d 3 5% Llbbey-Owens Sheet Glass____ 25 d 136 140 P referred_____ 100 115 L ibby. M cN eil & L ib b y __________ 10 10% 10*$ 22 *$ Life Savers______ (t) 2 3% Lig & M yers T o b .2 5 d 101 103 C om m on B ____ 25 d 101 102 Preferred_____ 100 126 124 Lima Locom W k s .t d 64 % 64% Lindsay Light____ lO d 1% 1)4 Preferred______ 10 d 9% 7 53 Liquid C arbon ic___t d 51*$ Lit Brothers_____ 10 d 27)4 28 L oew ’s In c_________ t d 47 )4 47 % 6% L oft In c____________t d 6% 4 2% Long Bell Lum A (t) 41 )4 162 Loose Wiles Bls.lOO 160 1st p referred .. 100 118 120 2d preferred_100 160 175 S to c k s . Par. Bid. Per 250 95 110 32% 114 16% 92% 173 27% 15 A sk. share. 300 Lord & T a y lo r ..100 1st p referred ..100 n 2d preferred..1 0 0 Lorillard (P )_____ 25 d 33 Preferred_____ 100 117% Louisiana Oil R e f ft) d 17 6 % % pref____ 100 96 Ludlow M fg Assn (t) d 177 Ludlum Steel_____ t d 27% Lukens Steel_____ 50 d 25 M acAndrew s & F o rb e s _________(t) d 41 43 102 Preferred_____ 100 104 M ackay C os (See P ublic U tilities) M ack Trucks I n c . - t d 97% 98 1st preferred. .100 110 113 103 2d preferred-.1 0 0 106 M a cy (R H ) ______ t d 125 128 M allison ( H R ) ____ t d 15 17 Preferred_____ 100 72 75 M anati Sugar___100 38 41 Preferred_____ lOO 74 76 M anhat El Sup____ t 56 55 M anhattan S h irt.25 25 25% Preferred_____ lOO 118% 125 M aple Leaf M ill. 100 70 Preferred_____ 100 103“ M aracaibo Oil E xpl t 18 19% M arland Oil______ t 57% 57% M arlin-R ockw ell feu C orp v t c 26% 27% M artin-Parry C or.T 21% 21% M ason Tire & R — T 13% 13% Preferred_____ 100 18 20 M athi'son A lk a li.50 82*$ 83% Preferred_________ 99% 110 M a y (The) D ept Stores C o c o m ..5 0 d 136% 137% R ights____________ d 1% 1% N ew c o m m o n ..25 d 67% 69% Preferred_____ 100 124% M aytag C o ________ t d 23 2 3% M cC all C orp ____ (tj d 53 56 M cC rory Stores___t d 70 77 N on vot cm cl B . t d 76 80 Preferred (7 % ) 100 110% M e n g e lC o ______ 1O0 31 35“ M erc Stores_____ lOO 104 110 M erch & M frs— 34 Secur C o p r e f . . 25 d ____ M erg L in o ty p e ., (t) d 107% 108 M errim ac C h em . .5 0 d 77 81 M etal D oor & Trim U nits___________ 50 56 61 M etro-G old P i e t . . 27 24 % 25 M ex Eagle O il_____ 5 4 7 M ex Seaboard O il__t 7% 7% M ichigan S u g a r..lO 3 3% P re fe r r e d _____ 10 5% 6% 35% M id -C on t P e t . — (t) 35% 7 % preferred 1..1 0 0 103 % 104% M id States O U ...1 0 d 1% 1% C t fs o fd e p -------- 10 1% 1% M idland Steel Products p re f. 100 110 112 M idvale C o ________ t d 23% 25 M iller Rubber, co m t d 33 36 Preferred_____ 1O0 100 % 101 M ohaw k R u b b .,1 0 0 20 Preferred_____ 100 65 M ontgom ery W ard C o com m on____ 10 67% 67% Preferred_____ 100 d 115 Class A _________ t d 115 116“ M oon M otor C ar__t 12% 13 M orris (P h ilip )— lO 37% 38 M orse Twist Drill & M achinery___50 d 71 M otion Pic C a p _(t) d 12% 13 M oto M eter C o A _ .t d 34% 35 20% M o t W heel C o r p .(t ) d 20% M ountain P rod___10 d 25 25% M ullerBakeries A . . t d 30% Pref with warr.100 d 110 Mullins B o d y _____ t io “ 9% Preferred_____ 100 90 Munsingwear I n c . - t , 36% 37 M urray B o d y ------- Td 7 5% Certifs o f dep osit. t d 7 5% C tfs dep stp d ----d 15% 16% Nash M otor (no par) a 69 69% N at A cm e stp d — 10 d 6 6% National B ak in g, (t) d 9% 10 Preferred_____ 100 81 86 N at B iscuit______ 25 d 97 9 8% Preferred_____ 100 130 133 N at C an d y-------- 1O0 87 89 1st preferred-.100 111 2d preferred _ . 100 105 — N at Carbon pref.100 N at Cash Reg A .( t ) 40*$ 40*$ N at Cloak & Suit 100 20*$ 21 Preferred_____ 100 65*$ 68 N at Dairy P rod — t 70*$ 71 N at D ept Stores___f 26*$ 27 1st preferred.-100 92 94*$ N at Dist P rod -----(t) 19*$ 20*$ P re fe rre d _____ (t) 43 46 N at Enam & Stpg 100 24% 26 Preferred_____ 100 81 84 N at Fire-Proofing 50 8% Preferred______ 50 x 28% ^9 N at Fuel G as---------190 200 National L ea d . .100 167 167*$ Preferred_____ 100 117*$ 118*$ N ational Leather. 10 2% 2*$ N at R ef co m _____ 25 41*$ 42 Preferred_____ 100 128 130 N at Sugar Refg.lO O 128 130 N at Supply C o — 50 81 *$ 83 Preferred_____ 100 113 117 N at Tea co m _______t 118 124 N a t'l T ra n s it..12 .5 0 13*$ 14 Natom as C o o f Cal p referred _____ 100 N ew B edford C ord age com ________ 10 42 Preferred_____ 100 104 — N ew Departure M fg pref_____ 100 — 110 N ew E gyptian Portl Cem ent c o m ., (t) 8*$ 10 7 % p re f______ 100 95 100 New England Spun Silk pref______ 100 107 N J Z inc________ 100 183 185 N J W orsted M ills 8 % pref---------------90 95 N ew M exico & Arizona Land___1 12% 13 S to c k * . Par ,\ Bid. A sk. I Per share. N ew N iquero SuglOOi 75 85 42 % N Y Air B rake____t,d 4 2 % 22 N Y Canners I n c . - t d 21 % 74 $6 preferred___ ( t j d 70% N Y D o c k _______ 1O0 d 3 4% 36 Preferred______ 100 76 79 N Y T ransit_____100 30% 3 1% N icholson F i l e . . 100 210 215 Niles-Bem ’t-P ’d .1 0 0 19 21 Preferred______ 100 77 83 N or & W S tb oa t.1 00 x 270 N orth & J udd____25 d 22 25 Northern Pipe L .1 0 0 73 70 Norwalk T & R ublO d 4% 4% Preferred_____ lOOj 80 50 N ova Scotia Steel & | Coal pref_____ 100 r Nunnally C o ______ tld 12% 13*$ Ogilvie FI M ills new f r 202 P referred_____ 1O0 r 120 Ohio Brass p re f. .1001 101% Class B _________t \d 76 78 Ohio O il.............. . 2 5 d 6 0 % 61% Oil W ell Supply___t d 33 33% 108% Preferred_____ 100 109 Omnibus C orp v t c . f d 13*$ 13% Preferred A ___100| 88 90 Ontario Stl P rod 100 7 77% P r e fe r r e d ____ 106 r 101% 104“ Onyx H osiery_____ t d 35% 3 6% 60% Oppenheim C ollins, t d 59% Orpheum C ir c u it -.l d 30% 31% Preferred_____ 100 103% Otis E levator____50 dx 127% 129 Preferred_____ 100 dx 108% 1115 Otis Steel__________ t d 8 Prior preferred. 100 d 64 68 Outlet C o co m ___(t) d 55% 55% P referred_____ 100 108 Owens B ottle____ 25 d 77 79 Preferred_____ 100 113*$ 117 Oxford Paper pfd 100 105 107 P acific Coast Biscuit Preferred_________ P acific Coast C o . 100 15“ 18 1st p referred .. 100 70 50 2d preferred. .100 50 30 P acific Oil stubs . . t d 1% lVs Packard M o to r___10 dx 36 36% P aige-D etroitM ot(t) d 111* 11% Pairpont C o rp . . 100 190 Pan Am Petrol & Transp co m ____ 50 dx 64 64% C om Class B ___50 d 64 64% Pan Am W est Petrol Class A co m ____t Class B co m ____ T d 35*$ 3 6% Panhandle P & R__T d 14% 15 Preferred_____ 100 68% 75 Paraffine Cos com 108 110 Paragon R efg____ 25 d 6% 7 P referred_____ 100 69 75 Parke, Davis C o . .2 5 d 141 % 142 % Park & T ilford I n c .t d 22 24 Pathe Exchange A _ f d 40% 42 P eck, Stow & W ile 25 d 22 24 Peerless M o t C a r .50 d 2 7 % 28 Penick & F ord ____t d 21% 22% Preferred_____ 100 100% Penn Coal & Coke 50 d 11 13“ P a-D ixie C e m e n t ..t d 38% 38% Series A p r e f. .100 99% 99% Penn Salt M fg ___50 d 75% 77 Penn Seab Steel___t Penn T ra ffic____2% 2^ 1% Penn-M ex Fuel___25 17 18 Penney (J C) p f.1 0 0 103% Pettibone M u ll .. 100 P helps-D odge___100 132 128“ Phila Insul W ire___t 66 Phil & Read C & I . j 46% 47“ C tfs o f int (w i ) - - t 46% 48 Phillip-Jones C o r p .t 47 56 P referred_____ 100 78% 85 Phillips Petrol_____ t 56 55% Phoenix H osiery___5 d 42 44 Preferred_____ 1001 103 104% Pierce-Arrow M ot Car C orp ------------ 1 d 22% 22% P referred-------- 100] 103% 104% Pierce Oil C orp ___25 d % P referred_____ 100 1 14*$ 17 Pierce P etrol______ t d 3% 3ks Pigg W igg C orp ---- f d 17% 18% Preferred_____ 1001 90 95 Pittsb Brewing___50 d 4 4% Preferred______ 50 d 10% 12% Pitts Coal ( P a ) .. 100 37 37% P referred_____ 100 73 74 Pittsb Oil & Gas___5 d 3% 3% Pittsb PI G la s s .. 100 268 275 Pittsb Steel pref.100 102 100 Pittsburgh Steel Fdy c o m ___________ (t) d 26 29 P referred_____ 100 d ____ k 78 Pittsb Term CoallOO 44 40 P referred_____ 100 80 86 P lim pton M fg ColOO 100 P orto R ic A T o b .1 0 0 89% 85 Postum Cereal____ t 99 99% Prairie Oil & Gas .2 5 d 53 53% Prairie Pipe L ___100 132% 133 Pratt & W hit p f.1 0 0 87 Pressed Steel Car 100 40% 4 l“ P referred_____ 100 80 77% P roc & G am ble___20 d 177 184 8 % Preferred . 1 0 0 163 6 % preferred. .1 0 0 1 112% 113% P rod & R e f C o r p .50 d 17% 18 Preferred______ 50 d 36*$ 39 Pullman C o _____ 100] 187% 188 Punta Alegre S ug.50 d 45% 46% Pure Oil C o ______ 25 .d 27% 27% 6 % pref e r r e d .. 100 96 100 8 % p re fe rre d .. 1001 110 Purity Bak cl B (vot) f d 41% 42% Cl A (n o n -v o t).2 5 d 47 47% 7 % p f (non-vot)lOO; 101% 105 Quaker Oats____ (t) d 185 190 Preferred_____ 100] 106% 107 R adio C o r p ______ t d 53% 54 Preferred______ 50 d 51% 52 R1 S ilk H o s M (v ).1 0 d 44% 45 Pref (v o t in g ).. 1001 93% 99 R eece B utton-H ole M a c h in e ______ 10 dx 15 16J$ R eece F old M a ch .lO dx 1% 1% Regal Shoe p re f____ j 74 76 Reid Ice C ream ___t d 38% 40 P referred_____ lOOj 98 98 Vs S to c k s . Bid. I Per share. Reis (R o b t) & C o . . t d 9 8% 80 1st p referred .. 100' 75 Rem ington Noiseless _ Typew riter A _ t d 33% 35 Rem ington T y p .1 0 0 117 117*$ 1st pref e rr e d .. 100 111% 114 2d p re fe rre d .. 100 111 114 R eo M otor C ar___10 2 0% 19% R eplogle Steel_____ t 11% 11% R epub I & S teel. 100 5 7% 57 Preferred_____100 9 6% 96% R epub M o t T r v t c . f 5% 5 R eynolds Spring___f 5 4% R eynolds T o b ____ 25 d 137% B com m on_____ 25 d 120% 120% Rich & B oynton Partic pref______ t d ____ Richm ond R a d . , (tj d 2 2% 23 Preferred _________ 50 47 R ock y M t F u e l ..100 2% 5 P referred_____ 100 3% 7% R om e Brass & C .1 0 0 142 132 R om e M fg ______ 100 50 R oyal Bak P ow .10 0 171 166 Preferred_____ 100 101% 105 R oyal D utch C o N Y d 52% 52 % Safety Cable C o . . (t) d 52% 5 3% Safety Car H & L I 00 124 128 St L Car C o 7 % p f 100 93 90 St L C ot C o m p . .1 0 0 St L N at Stk Y . . 100 85 88“ St L R o ck y M t & P acific C o ____ 100 20 24 Preferred_____ 100 55 60 St Regis P ap, c o m .t d 40 50 97 Preferred_____ 100 100 Salt Creek Cons O il. d 7% 7% Salt Creek P ro d -.IO d 30% 31 San Cecil Sug p f.1 0 0 2 4 Savage A rm s____100 71 72 Sav R iv Lum p f.1 0 0 3 3% Savan’h Sug co m _ _ t d 144 147 Preferred_____ 100 121 125 Schulte Retail S t . - t d 49% 50 Preferred_____ 100 118 120 Scovill M fg _______25 d 64 67 Seagrave C o rp ____ j dx 13% 13% Sears, R oebu ck & C o com m on _____ t d 53% 54 Seiberling R u b b ___f d 24% 25% Preferred_____ 100 95 Shaff O & R p f._ 1 0 0 110 113” Sharon Steel H p__50 d 27% 28% Shattuck (Frank G) t d 59 60 Shell Transp & T r £2 d 44% 45*$ Shell Union Oil____ t d 28% 29 Preferred_____ 100 108 108*$ Sherw-W illiams .. 2 5 d 44% 45 1st pref A _____ 100 107 107 % Sher-W ms C a n .. 100 r 139 145 P referred_____ 100 r 116 Shredded W heat, (t) d 58% 58% Shubert T heatre, (t d 58 60 Simmons C o ______ t d 33% 34 P referred_____ 100 Simms Petrol C o . 10 d 20% 20% Simon (Franklin) & C o p ref________100 108 111 Sinclair Cons O il._ t d 19% 19*$ P referred_____ 100 98*$ 95 Singer M fg _____ 100 365 370 Singer M fg L t d . . . £ l d 5 6 Skelly O il_________ 25 d 35% 35*$ Sloss-Sheff S & 1 . 100 126 127*$ P r e f e r r e d .___100 104 107 Sm yth M fg C o . . 100 330 Solar R efin in g___100 192 195 Sonora Phon pfd .100 25 30 Southeast E x p . .100 100 102 South’n B ak, c o m .. 175 180 Preferred_________ South Dairies A ___t d 44“ 44*$ Class B __________t d 19% 19*$ Southern Ice UtilA (tj d 17 26 Class B ______ (-j1st preferred_ (t. d 85 _ 92*$ Southern Pipe L N ew d 23 24 South Penn Oil___25 d 38% 39 So P orto RicoSuglOO 163 165 P referred_____ 100 •118 125 S’west Pa P L ___100 54*$ 56 Spalding (A G ) & B ro 1st pref erred ..1 0 0 — 103 Spanish R iver Pulp & Paper M ___100 r 102*$ 103 P referred_____ 100 r 113 114 Spear & C o . t e m p . .t d 10*$ 14 P r e f __________ 100 75 79 Spicer M fg C o ____t d 22 22*$ P referred_____ 100 105 108 Stafford C o p ref.100 92 100 Standard M illing 100 70 71 6 % n-c p f new . 100 85*$ 89 Stand Oil ( C a l ) - .( t ) d 58% 58*$ Stand Oil (I n d )___25 d 68% 68*$ Stand Oil ( K a n ) . .25 d 19% 19*$ Stand Oil ( K y ) ._ .2 5 d 121 122 Stand Oil (N e b ). .2 5 d 38*$ 38?$ Stand Oil o f N J ..2 5 d 38*$ 38*$ P referred_____ 100 115*$ 115*$ Stand Oil o f N Y . . 25 d 32% 33 Stand Oil (O h io ). 100 353 358 P referred_____ 100 118 119 Stand Plate G lass. . t d 3 *$ 4*$ P referred_____ 100 25 Prior pref_____ 100 s 75 Stand Sanit M fg . .2 5 d 87 88*$ P referred_____ 100 115 Standard S crew . 100 105 110 Preferred A ___100 101 Stand Tank C ar___t d 3 5 Preferred_____ 100 37 42 Stan T ext P ro d . .100 7 9*$ Preferred A ___100 28*$ 32 Preferred B ___100 12 15 Stanley C o o f A m _ d 84% 84*$ Stanley W orks___25 d 74 76 P referred______ 25 d 27 Steel C o o f C an __100 r 118% 118*$ Preferred_____ 100 r 126 Sterling P roducts (t) d 91 91% Stetson (J B ) ____ (f ) dx 88 90 Preferred______ 25 dx 35 38 Stew-W arn S p e e d ..t d 64% 65*$ Stromberg-Carls T e le f M fg s 40 s 41*$ Strom berg G arb___f d 47*$ 48 Studebaker C orp ._T d 54% 54*$ Preferred_____ 100 119% 120 a Purchaser also pays accrued d iv. 6 Assessment paid, d Price per share, not per cen t, it Last sale. I Par value $100. adian price, s Sale price. I N ew stock, w Ex-cash and stock d iv. s E x-stock d iv. z E x-d iv. v E x-rights, t W ithout par value. P a r. rnoinal r C an- 48 INDUST. AND MISCEL. STOCKS—MUNIC. BONDS i S to c k s . P a r\ B id . j P er S to c k s . A sk. s h a re. P a r. B id . P er S to c k s . A sk. P a r. B id . P er sh are. S to c k s . A sk. [Vol .124. P a r. B id . A sk. P er sh are. sh are. United Cigar Stores U niv Pipe & Rad _t d 31 % 16 32% W eston El I n s t r u .-t d 15% 88% o f A m erica____ 25 d 96% Class A ______ _t d 31 Preferred_____ 100 32 97 90 Preferred ___10(1 123 U tah-Idaho S ugar.6'd 1 V. 58 125 1% W estm or’d C o a l..5 0 d 53% 83 United D rug____100 166% Vacuum O il___.. 2 5 d 96% W Va Pulp & P a p .- t d 60 65 168 95% 4% 58% 58% 3 9% 40 100 102 52 U nited D yew ood.100 Van Cam p P k g 'co m . W heeling M old & 6 10 9 13 32 Preferred___ 10C F d y com m on . _ . f d A 11% : P referred______ . 25 12 16 50 26 Un Eng & Fdy.-lO O Van Cam p Prod pf50,dn 91% 180 k 40 Preferred. . ..1 0 0 96 P r e f e r r e d .___10C 113 2nd p r e f .. . . . dn k 40 17 Wheel Steel C orp 100 95 United Fruit ------ 1 d 119 t d 12 120% Van Raalte C o k 104 14% Preferred A _ . 100 105% Unit Paper BoardlOO 17 1st preferred. 100 66 k 117% 17% 67% Preferred B -.1 0 0 t d 48 12% P re fe r re d .. .100 Vick C h em ______ 60 70 48% W hite Eagle Oil Untd Sh M ach Co25 d x 50 116 & R efin ing______ t d x 25% 26 50% Victor T alk M -.1 0 0 153% 154 Preferred____ .2 5 d x 28 W hite M o to r _____ 50 d 57 28% Victory Park Land— 57% 22 M & Im p t___ . _ . d U S B o b b & Shut. 100 W hite M o t Sec pflOO 105% 25 30 5% Preferred_____ 100 Va-Caro Chem (new co )— 6 W hite Sew M a c com d 19% 90 95 20% d 55% 13% U S Can co m _____ t d 42 C o m m o n _____ _ t d 10 P r e f e r r e d ___ (t) 56 10% 46 Preferred_____ 100 12% 7 % prior p re f. 100 100 102% 87% 87% White R k M in Spgst d 26% 27% 57% U S Cast IP&FdylOO 228 % W hitman W m p f 100 6% part p ref. -100 35 36 82% 230 85 P r e fe r r e d ___100 106 47 W ickwir e-Spencer 54 114% Va Iron C & 0 .- 1 0 0 57 M 15% U S Dairy Prod—Preferred___ 100 Steel Trust ctfs . f d 74 85 % M Com m on A . . t d ____ 49% f dx 34% 22% 34% W illys-O verland. 25 d 22 35% V Vivadou Inc 187 U S D istrib____ _ f d 56% d 89% 90% 57 % Vs Preferred_____ 100 108 * 110 W ilson & C o new _ t d 12% 65 Preferred.100 12% 250 106 U S E nvelope_ 100 _ Class A ____ . _ t d 28 155 Vulcan DetinninglOO 16% 28% 18 Preferred_____ 100 4 7% 108 C om class A ..1 0 0 P ref n e w .. ..1 0 0 111 14% 76% 76% 21% U S E xpress_____ 100 3 Preferred___ 100 W inchester C o . .100 92 15 18 3% U S Finishing___100 94 63 69 53 67 7 % pref cl A 100 56 1st p referred. .100 P r e f e r r e d .___100 W aldorf Svstem t d 22% 28 83 23 23 2d preferred 100 85 25 U S G la s s .. . . .25 d 15% 90 W altham W atch & W oods M fg ____ 100ir 16 45 C lock cl B _____ t d 4 0% 41 P referred. _ .100 r 84 142 12M U S G y p s u m ____20 d 140 P r e fe r re d .. --1 0 0 Prior p r e f .. -lOOiZ 112 W oodw ard Iron 100 69 117 127 119 75 80% U S Hoffm an M aP referred. 100 60% 61 Preferred - .100 90 ch in ery_______ _t d 56 109 183% 56% W alw orth C o . . . 2 0 \d 18% 19% W oolw ’th IF W ) . 25 d 183% U S Ind A lcoh ol. 100 115 78 79 123 123% Preferred. ___100 x 108% 67 C om Class A__"__t|d 105 W orthington Pump 110 116 4 % U S Playing C a rd -20 d 176 C om Class B . - t 'd 31% 32 & M a ch ___100 22 180 2 1% U S Print & Litho— P referred- _ 100 90 92% Preferred A ___100 47 49 C o m m o n ____100 Warner BrosPiecl A 10!d 41 % 16 77 80 42 Preferred B -.1 0 0 44 46 5 Preferred_____ 100 Warren B ros_____ t.d 67% 32% 91 68% Wright A eron_____ + d 32% 97 5 d 51 ^ 51 *4 4 3% 49 45 9% Preferred___.100 W urlitzer (R udolph) Trumbull Steel___25 d 9% 97 2d preferred50 13% 100 14 U S R e a lty & Im p ___t d 63% 73 76 P r e fe r r e d .. 1001 7 % preferred 100 X n o 63% W arwick 1 & S t___10;d 1% 1% 26% U S R u b b er. . ..1 0 0 W ash C rosby p f 100 Truscon Steel____10 d 26 58% 110 59 8 % preferred. 100 P re fe r re d .. _ 100| 98 100 1st preferred..1 0 0 Washburn Wire 100 165 Yale & T o w n e . .. 2 5 d 70% 107 108 71 175 Underw’d T ypew 25 d 4 5% 47 U S Sm R ef & M in_50 d 36 Yellow T ruck & 36% Wa shi ngton O il_ _ 10 d Preferred. . _ 100, 120 126 Preferred______ 50 d 46% C oach M fg cl B 10 d 29% 2 9% 47 %i W ash M arket - . 50 d 50 54 43% U S Stam ping___100 Un B & P Corp_ _ 100 Preferred . . 100 k 110 |W eber & H eilbr___f d 55% 57 99% 100 43 M Un Oarb & C a r b o n .f d 100M 100% U S Steel C orp _.100 157% 123 157% W ells Fargo & C o _ _ l d 2 % Young (J S ) C o . . 100 119 1% 56% Union Oil o f C alif.2 5 d 56 N ew w i_ .100 114% 30 114%! W elsb’ch C o com 100 P referred. .100 108 104 Un Oil A ssociates-25 d 50% P referred. _ 100 130% Youngstow n Sheet 130% W est D airy P rod A t d 49% 50 57 M U S T o b a cco ______ t d 65% Class B v t c - ( f ) d 16 Un St Y d s So OmlOO x 124 127 & T u b e ______ t d 87% 88 17 70 Union Tank Car 100 t 92 P referred. . 100 121 94 W esting Air B r'ke 50 dx 139 140 Preferred_____ 100 109 110 39% U niv Leaf T o b ._ (t) d 36 U nited Biscuit clA (t) d 35 W est’hse El & M f 50 dx 68 68% 38 Preferred . 100 101 1st preferred___50.dx 8 0% 83 104 98% 100 \ j Univers Pic 1st pflOO 1 a Purchaser also pays accrued dividend 6 Assessment p a id . d Price per share, not per cent, e W ith com m on stock bonus k Last sale a Nominal, r Canadian price s Sale price. t N ew stock u Ex-cash and stock dividend, r E x-stock dividend, i Ex dividend y Ex-rights. t W ithout par value Stutz M otor C a r - .t d 18 Submarine B o a t___ f d 2% Sugar Estates Oriente p ref___100! 79 Superior O i l - ____f d 4% 8ullivan M a ch ’y . ( t ) 'd 50 Sun Oil . . (t > d 31 % Superior Steel___1001 25 Swan & Finch O il.25 d 16 Swedish-Amer in v | Partic pref 100| 104% Sweets Co o f A m 10 d 12% Swift & C o _____ 1001 115% Swift Internat’l - - 1 5 d 21% Swinehart T & R.100I Symington C o _____ t d 5% Class A . - _ . i d 13 M T elaut’g ’ph Corp_ _ t (l 12 M Texas C o in p a n v .. 25 d 57 Texas Corporation25 d 57 T ex Pac Coal& Oil.lO d 14% Texas G u lf Sulph 10 d 49 M T extile Banking J00 180 Thom pson-Starret _+ d t 55 P referred- . _ 100! 103 T hom pson (J R ) -_25 d 47% T ide W Assn O il___t d 21% P referred .- _ 100i 93% Tide W ater O il____t d 27% P ref (non-vot) lOOj 88 % T im ken-D et Axle 10 d 1 1 % P referred .-.. 1001 97 Tim ken R oll Bear t d 80 T ob a cco P ro d ___100! 108% Class A _____ 100 113 Torrington C o ___25 dx 66 T ranscont’l O il____+ d 4% Transue & Williams | Steel Forging _ f d 15 T roy F d y & M a ch .25 d 18% 3 UNITED STATES AND MUNICIPAL BONDS In reporting below prices for State and municipal securities, we give bid and asked quotations wherever they can be obtained. T he custom , how ever, is to quote municipal securities on the basis o f the return they yield per annum. Therefore in m ost cases it will be found that instead o f actual prices we have inserted in the colum n headed “ T o N e t" certain figures to indicate the interest rate at which business in the bonds is being done. Thus 3 .9 5 % means that the particular security can be bought or sold at a price that will yield the purchaser or seller 3 .9 5 % per annum to the m aturity o f the issue. Where tw o figures appear, as for instance “ 3.95 to 4 .0 0 ,” the rate o f return varies according to the m aturity—-the shorter m aturities yield ing the lowest rate, and the longer maturities yielding the highest return. In State and municipal bonds the custom has always been to quote them “ and Interest.” That is, the accrued interest must in all cases be added, o n . There are a very few which form exceptions to the rule— that is. where the prices given are flat prices, the accrued interest having been taken into account in making them . These are indicated by a special mark, thus (f). B on ds. | Bid. A sk. To N et. U N IT E D S T A T E S — See also pa ge 13. M ontgom ery 6s 1951_____ J&J 2s Pan Can N o v 1938____ Q-F 100% 101 M 5s Funding 1940________J&J 96% 3s Panam a Canal 1961___Q -M j 95% 5s N ov 1 1950________M&N 3s Conversions 1946-47___Q-J' 95 9614 4 % s Water 1928______ A&O U S Oertlfs o f indebtedness___b 3.10 3% 4 % s Sch W W & Sew’44 J&J U S Treasury notes___________ b 3.40 3 .25% M ontgom ery C o 5s 1935-A & 0 Instrumentalities o f U S G ov t — Selma 5s 1927 op t 1910--M & N Federal Land Bank— Farm Loan Bonds Sumter Co 5s 1950______ F&A 4 % s 1956 op t 1936___J&J 1 00% 100M T roy 6s Im pt 1935______ J&J 4148 1937 opt 1 922.M & N 10014 100 % Opt any int date at 1 0 1 % -414s 1938 opt 192 3 .M & N 10u% 100% A R IZ O N A 414s 1939 op t 192 4 -M & N 10014 100% 4 % s ref Apr '38 op t '28-J& J15 5s 1941 op t 1 9 3 1 ---M & N 103 103% M aricopa C ounty S D N o 1 101 % 414s 1942 opt 1 932.M & N 101 5s M arch 1933_________ M ar 414s 1943 op t 1933— J&J 10114 101% 6s Highway 1947-51-J&J15 414s 1953 o p t 1933— J&J 10114 101 Vs Phoenix 4 % s ’ 50 op t ’3 0 —J&J 10214 414s 1955 op t 1 9 3 5 ---J&J 102 6s Jan 1 1946__________ J&J 414s 1956 ODt 193 6 -— J&J 10214 102% 5s School M arch 1933-. 414s 1953 op t 1933— J&J 102% 103% 5s Jan 1 1954 op t 1934— J&J 414 s 1954 op t 1934— J&J 103 5s W W 1928-1950_____ J&J 103% Fed'l Interm ediate Cred Bks Prescott 5s 1948__________ J&J 414s Feb 1 1927____ F&A b 4.50 3 .5 0 % Tucson 5s W ater 1950____ J&J 414s M ay 15 ’2 7 . ..M & N b 4.50 .1.50 1 4 % s W M ar 10 ’3 8 —M&S10 ___ 4l4s O ct 15 1927-A&OT5 b 4.50 3.50% ARKANSAS POSSESSIO NS H ot Springs 4 % s ’27-’5 0-M & S T E R R IT O R IE S A N D U . S . -------H onolulu (C ity & C ou n ty)— Little R o c k 4 % s ’27-’30-M & N 4.30 5s Pub Im pt 1 9 5 6 -.J & D 15 4 % s Fund 1931-40___M & N H awaii,Terr,414s ’4 9 -M & S 15 6 4.35 4 % s Fund 1941-50___M & N Little R ock S D 4s ’32-’55M & S 414s Jan 1945 _____________ 0 4 35 l i i l 4s M a y 15 '46 op t '36-M & N b 4.35 4 .15% St Francis L ev D 6s 1947-J& J 4s Aug 1947 opt 193 7 --F & A b 4.35 4 .1 5 % 5 % s 1945-1964_________ J&J 104 Philip Isl 514s Sept 1950-Q -M 102 5 % s 1950-1969_________ J&J 5s April 1 195m.______ A&O 102 5s 1949 op t 1929______ J&J 104 414s July 1 & 15 1 9 5 2 .-J&J 100% 100% C A L IF O R N IA 99% 100% 414s 1950___________________ 5% s Highway 1927-37--J&J3 4s g L Pur ’34 opt ’ 1 4 --Q -F 95 98 4 % s Univ B ldg Jan5’28-65J&J 4s P W ks & Im p 1 9 3 5 --Q -M 95 98 4 % s Highway 193 6 -4 8.-J&J30 94 4s Im pt 1936 opt 1916.F& A 98 4s Harb Im p 1985 op t '50_ J&J 4.25 Alameda 4s 1927 to 1941-J&D Porto R ico 414s 1931-34— J&J 4.25 414s 1937-1940_________ J&J 4 % s M un Im p ’27-’4 8 -A & 0 4.20 Bakersfield 5s 192 7 -5 2.-A & O 4s Jan 1 1944-1950_____ J&J 4.20 Berkley 5s 1942-1951_____ J&J 4s gold 1927-1960-..........J&J 4s R oad 1927-1930_____ J&J 4.20 5s School 1928 1955____ J&J 5s July 1954________________ 4.30 Imperial Irrig Dist 6s ’38-J& J A LA B A M A Los Angeles 4 % s 1927-51 - J&D 414s Renewal 1950______ J&J 4s W ater 1927 to 1945.M &N 4.25 4V4s R oad June 1927-1931.J&J b 4.10 to 4-25 % 3 % s W ater 1927 to ’4 1 .A&O 4s renewal Class C 195 6 --J& J 4 % s Sch 1927 to 1944-J& D 4.20 314s renewal Jan 1956____ J&J 4.20 4 % s 1927-1963________ A&O Birm ing’m 514s ’ 27-’3 5 -M & S i b 4.20 to 4.40 % 5s M unicipal 1927-61.-F & A 5s School A pr 1 1 95 0 --A&O 5 % s Harb Im p .’27-’61 M &N 4.35 5s School 1934_________ J&J 4.35 Los A C S D 5% s ’27-34 M & N 5s Fund Sept 20 1941-M & S 5 % s N ov 1935-60____ M & N 4.35 414s School 1 9 2 8 -3 0 ---A&O b 4.20 to 4.25 % 5s 1927-1934__________ F&A 414s School 1931-34___A&O 4.30 5s 1935-1964__________ F&A 414s School 1 9 4 2 -4 8 ---A&O 4.30 Los Ang Co 4 % s '2 7 -’49— F&A Jefferson C ounty 5s 1949_____ 4.50 Oakland 5 % s 1927-43. —F&A 4 % s M un Im p '27-’4 3 .F & A 414s July 1 1931________J&J 4.40 414s Hospital 1963____ J&J 4 % s 1927-1929________ F&A 4.45 M obile 5s School 1 94 3 -— J&D 4.40 4 % s 1930-1965________ F&A 5s D ock N ov 1 1 9 4 7 -.M & N 4.40 Oakland S D 4s 1 927-44.-J&J 5s Refunding 1949____ M&S 4.40 Orange C o 5s 1927-45___M&S, 414s Refunding 193 7 --A & O 4.35 Pasadena 4s Jan 1928-42.J& J 414s Water & Sewer ’39. J&J 4.35 4 % s W at P l’t '27-’3 6 — A&O M ob ile Co 5s ref 1 9 2 8 .— M&S 4.40 Redlands 5s 1927-51___ J&J15 os R oad Feb 1932_____ F&A 4.50 Riverside 5s 1927-53____J&D 5s N ov 1 1947________M & N 4.55 Riverside C o 5s ’27-'5 4 — M&N b Basis. Flat p N om inal. * T a x free in C onnecticut. Bid. B o n d s. 99 Ask. 102 b 5.40 to 5.60 b 4.25 to 4.40 96 102 b 1 50 to 4.55 b 4.20 to 4.40 b 4.20 to 4.50 6 4.40 to 4.50 b 4.35 to 4.50 To Net. B o n d s. Bid. 4.70 Sacramento 4s Jan ’28-’45 opt 4 % s Sew & D r 1927-34-J&J 4.55 4.55 Sacram’to Co 4 % s '2 7 -4 6 J&D 4.40 San Diego 5s W W ’27-’ 54 A&O 5s W ater 1934-53_____ F&A 4.50 5s W ater 1927-63______ J&J b 4.40 4.55 4 % s W h & Har ’2 8 ’52.J&J 4.75 5s M unicipal 1927-1960 J&J 4.75 5s School 1931 1966_______ 4 % s Water 1927-1929--J&J 4 % s W ater 1930-1964_____ 3 % s g July 1 1927-44--J&J 4.40 San Francisco (C ity & C ounty) 4.65 5s W ater 1930-1931___ J&J b 4.40 4.75 5s W ater 1932-1951___ J&J b 4.40 4.50 5s W ater 1952-1969___ J&J b 4.40 4.60 4 % s W ater ’57, '58, ’59-J& J b 4 25 4.50 San Joaquin C o 5s ’27-’49-J&J b 4 % 4.50 San M ateo C o 5s 1927-42.J&J b 4 % 4.50 Santa Barbara 5s '27-41-Jan 10 b 4.45 4.80 4 % s gold Aug 1943____ F&A b 4.40 C A N A D A — See page 49. 4.70 4.50 COLORADO 98% C olo Spgs 4s ’29 op t '1 4 - -M&S 96% 4s R e f W ater M ar 1 1941___ % 5.30 4 % s 1930-1939_________ J&J b 4.10 5.30 Denver 5s Aug 15 '2 8 --F & A 1 5 101% Denver (C ity and C ou n ty)— % 4.40 4 % s W ater N o v 1948-M & N b 4.10 5.40 4 % s W ater 1944_______ J&J 5.30 8 D N o 1 4 % s 1934-53-J&J 5.30 S D N o 1 1930-1947 - J&D b 4.10 5.20 M offa tT u n Im p D 5 % S44-68J& J 5 Ms 1947-1956_________ J&J 4.25 5 Ms 1964-1973________J&J 99 4.10 P u e b lo C o 4 % sre f’31 op'21.J& J 4.10 Pueblo C ounty S D N o 2 0 — 4.05 4 % s 1932______________ M & S b 4.20 4.30 C O N N E C T IC U T 4.30 *3% s April 1934_________ A&O 4.45 *4s July 1936_____________J&J 4.30 *5s July 1 1936___________ J&J 4.30 Bridgeport— *5s 1927-49 J&D 6 4.10 4 Ms Bridge 1927-65____J&J ft 4 15 4.35 4 Ms High Sch 1928 6 3 -J&J 6 4 15 4.35 *4% s Sewer 1927-46-.-A & O b 4 05 4.35 4M s School 1927-49_______ b 4 15 4.35 3 % s Im provt 1 92 7 -4 1.-J&J b 4 15 4.35 *5s C onstruc’n 1927-48 J&D b 4.10 4 40 Bristol 4 % s W ater 1 93 9 --J&J b 4 15 4.50 *5s July 1 1927-55_____ J&J b 4-15 4.45 Cheshire 4 Ms 1927-45. - J&J D anbury 4s 1946 taxable. J&J % 4 % s 1927-28 ta x a b le -.J & D b 4.10 4.50 4 % s 1929-65 ta x a b le ..J & D % 3 % s Fund 1941 tax’le.A & O 4.35 4.40 East Hartford Fire District—4.20 *5M s 1927-1951______ M&N b 4 30 4s Water June 1933_ J& D _ % 4.20 Glastonbury 4 % s 1928 58. J&J 4.20 Greenwich 4 Ms 1931 3 3 . -J&J 4M s 1934-1942 tax exm 't % G roton S D 4M s 27-60______ % 4.35 H artford 3 Ms Bdge '5 5 .-J& J b 4 % *4s W ater June ’30-’39 J&D b 3 85 4.41 *48 W ater 1940-45____ J&D b 3 85 4.40 *4s W ater 1927-1938______ b 3 85 4.40 Ask. To Net. 4.30 4.35 4.30 4.35 4.35 to 4.50 % 4.40 4.45 4.45 4.45 4.45 4.45 4 .2 5 % 4 .30% 4 .3 0 to 4 _ to 4.25 to 4.25 to 4.60 to 4.45 99% 97% to 4.20 % 102% 4.05% 4.10 4.10 to 4.15 % 4.75 475 4.75 100 to 4.25 % to to to to to to to to to 4.20 4.30 4.30 4.20 4.30 4.30 4.20 4.30 4.25 to 4.15 to to to to 3 85 3 85 3 85 % % % % % % % % % 4.15 4.20 % 4.20 4.15 4 15 4.15 4.05 4.05 4.30 4 15 % 4% 4% 4% STATE AND MUNICIPAL BONDS Ja n . 1927.] , B onds. Bid. Ask. To Net. B onds Bid. Ask. To | N et.! 49 B on ds. Bid. A sk. To N et. U p p erA u stria (P rov )7s’45J& D B elg G ov t 7148 y ly to '45 J& D I l l Hartford (Concluded9— 94 11114 943 / 8 % Extl s f bds 1 94 1 --F & A 108 Uruguay 8 s ext 1946___F&A 1083/ 109 •4s W ater 1929-1935............ b 3.85 to 4 % 108)4 Ext 1614s 1949________ M & S 4s High Sch ’28 ’55____ J&J b 414 to 4 J 5 % Extl s f 6 s 1960______ M&N 9714 95 97)4 9534 — “ External s f 6 s 1955____ J&J F O R E IG N C IT IE S , & c 414s M u nlc B ldg '3 3 - -M & N b 4.05 to 4.20 % 92)4 9214 E xtl s f 7s 1955______ J& D 102)4 102)4 •414s Perm Im p 1 9 2 7 .-J& D b 3.90 to 4.10 % Baden E xtl s f 7s 1951___J&J 99 993 / a T *4 34s'27-’4 7 T If-Q N V S tabiliz’n loan 7s 1956M & N 101 Bergen, N orw ay, 6 s 1 9 4 9 -A & 0 Hartf’dS D 44 l/o '0 7 '4*7 -Mf& S b 4 % to 4.05 % 10114 9934 1003/ B oliv ia (R ep )E x t 8 s '47-M & N 104)4 105 Berlin 6 )4s 1950_________A&O •414s Northeast 1959-J& D b 4 % to 4.05 % 9 83 / 983/ Brazil 8 % ext 1941_____ J& D 1041-4 105 B ogota (C ity) extl 8s ’4 5 -A&O 1033/ 103)4 •414s 2d N orth 1 9 4 4 ---J & J b 4 % to 4.05 % 7s Cent R y elec 1 9 5 2 --J & D Bordeaux (C ity) 6s ’3 4 - -M & N 314s South Sept 1955-M & S b 4 % to 4.05 % 95)4 93)4 94M 93)4 8 f 714s (coff.sec.'2 2 ) 1952 Buenos Aires, Argentine R ep 414s Southwest 1 94 4 -.M & N 6 4 % to 4.05 % /1 04 34 106 614s External s f 1 9 5 7 -A & 0 *414s W ash’f n ’28-'4 7-J & J 6 4 % to 4 05 % Guar 5s o f 1909-1946 £-J& J P/87 8934 89 4s W est M iddle 1 9 3 7 --F & A 6 4 % to 4.05 % 5s o f 1895.................................. / I g E xten 634s 1955________J&J 99 6434 9934 5s o f 1 9 1 3 -................................ 4.15 Carlsbad (C ity) s f 8s '5 4 . J&J 103 K illin gly(T ow n )4 3 /s’27-56J&J 64)4 104 4 62 Manchester 414s '27-'28-M & N Christiania (N orw ay)— 414s o f 1883.............................. 4.10 414s o f 1888.............................. / 60 61 414s 1929-1933________ M&N 30-yr s f 6 s 1954______ M & S 100)4 1013/ 4.10 4s o f 1900.................................. / 53 30-year s f 6 s 1 9 5 5 ---M&N 1003/ 1003/ 54 414s 1934-1944________M&N 4s o f 1910.................................. f 51 52 Meriden (T ) 4s ’27-’3 5 --M & N ____ CologneG erm ’y 6 34s ’ 50 M&S15 9634 97 3/ 97)4 52 4s o f 1889__________ ________ / 51 M iddletow n 4s 1927-35-M & N 6 4.15 to 4.25 % Copenhagen 4s o f 1901-M & N l 86 90 M iddletown (T )*4s 1930.F & A ..........................4.10 Bremen (State) 7s 1 93 5 --M & S 10114 10114 534s M unic E xt '4 4 - -J& J 993 / 9934 British— Cons 214 s op '23 Q-J l 541/ New Britain (C) 314s '3 2 -J&J 6 4 % to 4.05 % Danish Cons M unicipal Loan 414s W ar Loan ’27-’45 J&D l 94)2 4s M unlc Bldg 1948____ J&J 6 4 % to 4 .05,% 8 % s f ext ’46 ser A --F & A 1 0 9 )/ 110 414s School 192 7 -'4 0 --F & A :6 4 % to 4.05 % Series B ____________ F&A 10934 10934 534s f Feb 1 1937..........F&A 104X 104) 4 5 14 s 19 55 514s g con v Aug 1 9 2 9 --A & A 118 414s School 1940-’ 5 2 ._F & A 6 4 % to 4.05 % 11814 s 97)4 s 983 / Buenos Aires (P rov) 7s '36J&J 9614 97 43/s W ater Aug 1941--F& AI6 4 % to 4.05 % Dresden (Ger)‘ e x t f7 s ’45 M & N 1 0 0 )/ 101 Duisburg (Ger) 7s 1927-M & N 414s Sch Aug ’2 7 -'4 3 --F & A ;6 4 % to 4 .05,% 9514 E xtl s f 7s 1952_______ A&O 6". 20 95)4 7s 1928_______________ M & N 414s Sch Aug 1929____F & A 1________________ 14.20 Extl 714s 1947______ .. 97)4 98 6.60 Bulgaria (Kingd) s f 7s '6 7 . J&J 92 •5s Park 1 92 7 -1 94 3 ---F & A 6 4.20 to 4.25 % 7s 1929_______________ M & N 92 )4 6.75 Caldas (D ep t o f) C olom bia 7s 1930_______________ M & N N ew H a v (C) 3 1 4 s ’2 7 - 3 5 A & 0 6 4.05 to 4.10 % 7.10 External s f 714s 1946-J& J 98 4s Sewerage 1 9 2 7 -2 9 . - A&O 6 4.05 to 4.10 % Extl g 7s 1 9 3 1 -4 5 ____ M & N 9834 7.10 Chill (R epublic) 8 s 1941-F & A 10714 10834 •4s Apr 2 1940 tax-expt-A & O 6 4.05 to 4.10 % Frankfort (Germ any)— Ext s f 7s 1 9 4 2 ............M & N 100)4 100)4 414s Paving M ar 1936-M&S 6 4 05 to 4.10 % Extl 7s I927-’4 5 ______ A&O 99 S f 8 s N o v 1 1946_____ M & N 107)4 108 Germ anCons M u nic 7s’47F&A 414s 1943-1952____________ 6 4.05 to 4.10 % 99)4 Extl s f 6 s 1960_____ A&O 92)4 •434s Paving Aug ’3 7 ___F& A 6 4.05 to 4.10 % H avana— 1st 6s 1939____ Q-J 100 9214 2d 6 s -------------------------------Q-J Chili M tge B k 6 1 4 s '57 J&D31 953/ 96 95 •414s M ch 15 '27-'35-M & S15 6 4 05 to 4.10 ‘ to 4.10 Heidelberg (G erm )7)4s’50 J&J 103 •6 s ’3 6-’3 7-‘39-’4 0 -'4 1 --A & O 6 4 05 S f g u 6 3 /s J n e 3 0 ’6 1.J & D 31 9714 97)4 104 Hungarian Cons M u nic Loan Chinese Governm ent— •5s 1927-1951.............. - - J & J 6 4.05 to 4.1 0 ,% Hukuang R ys 5s £ - - J & D 1 5 / 25)4 s f g 714s 1945_________ J&J N e w H a v (T ) *3 3£s’ 27-29 J&J*______ ______ 4.05 9 7 }/ 97)4 to 4.10 % L eipzig(C ity of) 7s 1 9 4 7 --F -A 100 5s o f 1896 £ red 1933__A&Oi l 83 New London 4s 1933___A&O 6 4.05 n * 10034 414s o f '98 £ red '4 4 - -M & S l 61 Lyons (C ity) 6 s 1 9 3 4 --M & N 63 9 3 )/ 414s Im p 1931-1935___M&S 6 4.05 to 4 .1 0 !% 93)4 4s (of 1895) 1931______ J&J Marseilles (C ity) 6s ’3 4.M & N 4148 Park July 1942___J&J 6 4.05 to 4.10 % 93)4 93)4 English stam ped_________ w/81 83 Medellin (M unic) (Columbia) 4 } /s W ater 1950______ F&A 6 4.05 to 4.10,% 4.15 French stam ped_________ w/80 82 External 8s 1948______ A&O 103) / 1033/ Norwalk (C) 334s 1 92 9 -.J & J 4.15 Colom bia Rep) 614s '2 7 -A & O 100 M 4s R e f Sewer ‘27-’28___J&J 100) 4 o n te v ’o (C ity ) s f 7s ’5 2 . J&D 101 )4 1013/ 4.15 C ordoba (P rov) Argentina— 4s Sch M ch 1954-1964_____ Oslo 534s 1946_____________ 973/ 9734 E xtl s f 7s 1942 J&J 4.15 P orto Alegre (C ity ), Brazil 97M 43/s Sch M ch 1929-1953 — 9714 4.10 Costa R ica (R ep) ext 7s’51M &N Sinking fund 8 s 1961___J&D 1033/ 1033/ •434s Im prov t '27-’3 9 --J & J 95)4 4.20 Cuban 5s 1944 opt 1911--M & S 101 S f 40-yr 7 )4s 1966 - — J&J Norwalk (T ) 4 3/s 1942— J& D 9934 101) 4 “ E xtl” g 4 1 4 s '49 o p t --F & A 9314 Prague (Greater) C ity— Norwich— G & E 1931— A& O 6 4 1 5 !to 4-30 % 94 “ E xtl” g 5s 1949 - - - F&A 101)4 7 34s loan o f 1927-52-.M & N 104) 4 1043/ 43/s W ater M ar ‘3 9 — M&S 6 4.15 to 4 3C ~ “ E x tl” s f 534s '5 3 --J & J 1 5 10114 101)4 R io de Janeiro 8 s 1 94 6 --A & O 103 4 3 /s 1931-1964_____ M & S 15 6 4.15 to 4.30 % 10334 Czechoslovak Republic— 414s R efunding 1938— A & 0 6 4.15 to 4.30 % E xt s f 8 s 1947________ A&O 1 0 2 )/ 10234 E x t s f 8s '22 d u e '5 1 - - A & 0 10534 105) 4 7s 1960 (per 1000 m ilreis)-. $80 4.15 Putnam (T ) 4 Ha ’2 7-’4 6 -A & O i-......... $100 E xt s f 8s '22 d u e '5 2 - - A & 0 104 5s s f loan o f 190 9 -3 4-£J&D 87 4 3 /s Water 1927 & ‘3 0 -F & A 1______ 4.15 105 90 Extl 734s 1945 Ser A ..A & O 10414 105 67 5s o f 1904__________________ Stamford (O) 4s 1 9 4 2 - ..M &N 6 4.10 to 4.20 % 70 Denm ark ext 6 s 1942_____ J&J 104 R otterdam (C) ext 6s ’ 64-M & N 103 3/ 104 Stamford (T ) 434s ’28-'45 J&J b 4.05 to 4.15 % 10414 E x t’l 514s 1955________ F& A 99)4 Saarbrucken (C ity ), Germany *414 Sch 1927-1965_ M &N 6 4.05 to 4.15 % _ 99)4 99 E xt 7s M ar 31 1935— A&O 4.15 D om inican R ep 5s '5 8 --F & A 10134 Stonington 414s '28& ’3 3 - A & 0 ______ Oust Adm s F534s '42-M & S 9934 '9 9 )4 Sao Paulo Brazil 8s 1952M&N 1073/ 1 0 8 )/ •Stratford 6 s 1927- 31 - -M & S 6 4.10 to 4-25 % D utch E Indies 6 s 194 7 --J & J 10334 103)4 Soissons (C it y ), France— Torrington *5 3/s '3 0 -'3 5 -J & J 6 4.10 to 4.25 % Ext s f 6 s 1962_________M&S, 103)4 105)4 E xt g 6 s N o v 14 ’3 6 - -M & N 91 34 * 5 14s Fund 1936-’41 — -J& J 6 4.10 to 4.25 % 9134 E xtl 534s M ar 1953— M&S 10114 10214 T o k y o (C ity of) 5s o f 1912— •Wallingford (T ow n ) 414s I Extl 534s N o v 1953--M & N | 101)4 10314 R ed ann s f beg '1 7 -5 2-M & S 75 34 4.15 1933. '38, '43. '48, '5 3 _____I----------753 / Finland (R epub) 6 s '4 5 - -M & S ; 92)4 T rondhjem (C ity ), N orw ay— Waterbury 314s Sch’28-32 J&J 6 4.15 4 .0 5 % 94 6 )4s M u n l o a n '54 cl A A & O 1 9514 S f ext 6 )4s tem p 1044- - J& J 100 10034 4s Park July ’27-’58___J&J 6 4.15 4 .05% 96 Class B _____________A& O 9514 Y okoham a extl 6s 1961—J&D 933/ 4s W ater 1927-1939--J& J15 6 4.15 4 .0 5 % 9334 9614 E x t’l s f 7s 1950______ M&S 10034 101 C A N A D A (New York Prices) 4s W ater 1940-1965.-J& J15 6 4.15 4 .05% E xtl s f 614s 1956____ M & S 96 D om inion o f Canada— 414s C ity Hall ’27-’63— J&J 6 4.15 4 .05% 9 6) 4 98 France (R epublic of) 4s 1 9 1 7 -20)4 4 )4 s Feb 1 1936______ F&A *414s W ater '49-’93— J& J 6 4.15 4 .0 5 % 9834 21)4 5 % N ational Loan n ot red 5s refdg O ct 15 ’4 3 -A & 0 15 1 0 2 )/ 1023/ 414s 1934-1964____________ 6 4.15 4 .0 5 % before Jan 1931 - - - Q - F 16 ®$24)4 $25)4 - - 5s refdg O ct 15 ’2 8 .A & 0 15 100 414s W ater 1930-44 —J&J15 6 4.15 4 .0 5 % 10034 5s premium 1920___________ ®$3214i $33)4 5s 1931________________ A&O 101 414sB dge,S t,& c,'30-39.T&J15 6 4.15 4 .0 5 % 10134 6 % N ational loan o f 1920 5s M ar 1937__________ M & S 103 »$28 '$ 2 9 i 414 B d ge,S t.& c,’40-64J&J15 6 4.15 4 .05% 103) 4 7s ext o f 1924-1949___J&D 5s O ct 1931___________ A & O 101 414s 1946-1953_____ J&J 15 6 4.15 4 .05% 9934 10134 99 3 1 / 7 34s External 1941___J&D 105 5s M a y 1S52_________ M&N 1043/ 104) 4 414s W ater 1935-’64___J&J 6 4.15 4 .0 5 % 105)4 8 % ext g loan '4 5 - -M & S 15 10814 108)4: ♦414s 1927-1934_____ J&.T15 6 4-15 4 .05% 5) 4 % gold notes 1929-F & A 10134 1013/ German extl 7s 1949- -A & 0 1 5 106)4 107 534s V iet Loan D ec ’27 J&D 10034 101 I West H a rtf’d 434s 1943-.T & D 102 W H avU S D « t / « ’27-’5 6 .M & N ______ 534s V iet Ln N o v ’3 3 .M & N 1033/ 1043/ 4.15 Ger Cent Agri Bk7s’ 5 0M & S l5 101)s 10114 Graz (M un) Austria 8s’54 M & N 101 3/ 102 I DELAW ARE. I 534s V iet Ln N o v ’3 4 -M & N 103 10334 Greek G o v t s f 7s 1 9 6 4 --M & N 534s Viet Ln D ec '3 7 - -J& D 1073/ 1073/ 9334 4s D ec 1 1927 opt 1 9 0 2 --- J & D ______ 9414 Haiti (R ep) 6 % E x’52 A - A&O 99 534s renew N o v 1927.M & N 10034 4 14s'60 opt any date 105. J&J 10414 10514 9914 Hungary (Kingd) 7 34s’44 F&A 100 5 !4 s renew N o v 1932-M & N 1023/ 1023/ — 414s 1961 opt '22 at 1 0 5 --J& J 104 M 10514 100)4 ______ 1 5 Ind B k o f Japan 6 s ’2 7 -F & A 1 100 Alberta (P rov of) 6s '3 0 -M & N Dover Spec S D 5s '27-’46 A&O 6 4.30 to 4.55 % 10014 ______ 4.90 ------ ,4.40 Industrial M tge B k o f Finland Kent Co 414s 1945-1950-M & S ______ 5s A pr 15 1950_____ A & 015 ______ 4.90 1st M coll 7s July 1 1944 B rit C ol (P rov) 5s ’4 8 -J&J 15 NewCastleOo 414s ’27-’34J& D 6 4.15 to 4.30!% 9914 100 ______ 4.70 Italy (K ingd) extl 7s ’51-J& D 92 3/ 434s June 29 1 9 2 7 -— J&D29i 93 514s 1927-1928_________ J&J 6 4.15 to 4.20 % 5 % Int C onsol_________ J&J w$34 ______ 4.75 514s 1936-1944________ .T&J----------- ______ 14.45 434s June 29 192 8 -— J& D29 $36 ______ 4.80 434s June 29 1 9 2 9 -..J & D 2 9 Sussex Co 5s '3 1 -’70______ J & J ______ ______ !4.40 Japanese G overnm ent— ______ 4.90 4s £ ’54 op t ’ 10- _J30 & D31 l 68 434s 1930-1932_____ J& D 29 414s 1934-1953_______A & O _______ ______ 4.30 70 4s £ J a n ’31 op t a ft’2 1 - - J & J c 90 ______ 4.90 4 34s 1933-1946_____ J& D29 9 0 }/ . W ilm 'gton— 414s ’28-’3 7 -A & 0 6 4.15 to 4.25 % ______ 4.90 S f 634s 1954_________ F&A 100 4 )4 s 1947-1956_____ J& D29 1001/ 414sBldg— C on'53-‘62 M & S ______ ______ 14.25 94 ........... 5.30 Calgary 5s 1933__________ J&J 941 / . 5s 1947-’4 9 __________A & O ----------- ______ 4.30 Oriental D ev C o 6 s ’5 3 -M&S ............5.30 M tg e Bank o f Chile 6 % notes F L O R ID A . i 'I 5s June 15 1935____ J& D 15 ______ 5.35 D ec 31 ’31________________________ 6 98 3/ 6 .30 1 5s July 1 1945__________ J&J Coral Gaoles 5 ) / s ’28-’5 6 - A & 0 ______ M tg Bk o f Denm ’k 6 s ’70 M&S 10034 1003/ .. . . G a lt 4 )4 s A pr 18 1931-A & O 8 ............5.10 6 6 s im pt 1928-1938_____ J & J ______ ............5.10 5.25, N ewfound 6 )4 s 1 9 3 6 --J & D 3 0 106 3/ 1071/ . Dade C o 5s Oct 1947-'54 A & O - ......... 1 4 J4s El Pow J u n e 5 '31 J& D 5 ______ 5.05 514s 1939___________________ 10134 1021/ .-_ H alifax N S 4s July 1945_____ 5 Duval C o 5 !4 s ’32 o p ’ 12 M & N ---------5 05 5 534s 1942 & 1943___________ 101 3/ 1 0 2 )/ 5s Arm ory 1944_______ J & J _______ I 5s Jan 1951_____________J&J N etherl’ds 6 s ’72 (/ta t)--M & S /10734 4 f>0 6 H am ilton— 4s A pr 1 '3 2 -A & 0 Everglades D r D 6s ’33-’41-J& J 6 s 1972 series B ____________ s l0 7 } / | 4s Elec L & P 1 9 4 1 - .- A&O 4.90 6 514s 1931-1948_________ J&J 5.15 Lachine P Q 5s 1954____ J& D E xt 6 s 1954___________ A&O 103)4 10314 5s R efund 1935, '36. '37, 4 90 N orw ay ext 6 s 1 9 4 3 --F & A 15 1011/ 10114 M aisonneuve Q 534s '3 0 -M &N 98 '38, '53, '54, '5 5 _____ J&J 95 1 5?4s M a y 1 1936W&’N T 4.95 Extl s f 6s 1944 ________ F& A 10U ' 101 - ■ 5 50 Hamilton Co 5s Feb 7’48 F & A 4.90 5 50 6 s Ext O ct 15 1 9 5 2 .A & 0 1 5 101 3/ 101)4 M a n itob a (P ro v ) 6s ’30F&A2 Hernando Co 5s 1944____ J&J 40-yr s f 5)4s 1965____J& D 4 85 4.70 Jacksonville 5s Jan 1 '3 6 -J & J 5s 1944_______________ J& D2 98 3/ 98)4 4.60 4 70 Panam a Rep) ext5 J4s’53-J & D 10214 103 414s Feb 1937_________ F& A 434% gold notes 1927-M & N 4.85 6 34s Externa] s f l 9 6 1 - - J & D 1021/ 103 3/ 4 )4s M a y 1 1945____ M&N 4.80 Jacksonv S D N o 1 5s Apr '45 4s gold 1930__________ M & N 4 85 Key W est 5s 1942________ J&J 5-60 Peru (R epub) 8s 1944___A&O 10334 1031/ 5 Extl s f 7 H s 19 4 0 --M & N 100)4 1001/ 4s drainage July 1 ’2 9 --J & J 5 Miami 5s 1927-1944_____ J&J 4)4 E x t l s f 734s 1956_____ M & S 10034 100)4 M ontreal 5s D ec 1 1945-J& D 5s 1929-1956__________ M&S 100 98 4 Vs 5s s f N o v 1 1956____ M & N 753/ 5~~ Poland (R ep of) 6 s 1940-A&O 76 3/ 414s M unic I m p ’27-’55M&S 4.85 Extl s f 8s 1950________ J&J 4 )4s M a y 1954____________ 9 3 )/ 5.50 6 s School 1940________J& D 4.85 434s Jan 1944__________ J&J 5 4 0 Prussia (Free State)— Orange C ounty 5s 1 9 4 4 --J& J E xt s f 6 34sSepl5’51 M & S15 4s M a y 1927__________ M&N 4.50 5 98 98 3/ Pensacola 414s ref 1 94 1 --A & G Queensland (State) 7s ’41 A&O 11 1 4s M a y 1 1933 £_____ M&N 4.85 5 6 % School 1 9 2 8 -1 95 1 .-J&J 11134 4s M a y 1 1944________ M&N 4.85 E xt g 6 s Feb 15 1947 F&A15 1033/ 105 Polk Co 5s R oad ’27-’4 0 --J & J 5 R io Grande D o Sul (State) 3 34s refdg M a y 1939-M & N 4.85 5 St Augustine 5s 1955_____ J&J Brazil ext s f 8s 1 9 4 6 ..A & 0 10334 1043/ N ew Brunswick 3 34s ’3 3 -J&J 4.85 5 St Petersburg 514s 1 9 4 9 --J& J 4s July 3 1930__________ J&J 5 514s June 1954________ J& D 4.85 s 143/ 4s 1932 op t 1902________ J&J 4.85 s 15 4.65 Tampa 5s June '55 op '25 J&J N orth V ancouver 5s ’ 60— J&J 5.75 4.65 Salvador (R epub) 8 s 1948J&J 1 0 7 )/ 108 5s M un Im p '62 o p ’32 J&D N ova Scotia (P rov) 5s 1934F&A 4.85 5s W W Purch '2 7 -’72-F & A 4.65 San Paulo (Brazil) State of— 4 85 8 % external loan 1936-J& J 105 6s N o v 15 1930____ M & N 15 1053/ 4.65 4M s Tmnt 1927-37_____ J&J Ontario (P rov) 6s ’2 7.M & N 15 E x t’l 8 s 1950___________ J&.T 105 F O R E IG N G O V T S . 4 60 1053/ E xtl water 7s 1956___M & S 6s Sept 15 1943____ M & 515 4 90 99 Antioquia Col (D ept o f)— 99 3/ Santa Fe (Prov) 7s 1942-M & S 4 34s 1944-........... M&S Extl s f 7s ser A 1945___J&J 94 4.75 94 9414 93 34 Seine (D ept of) 7s 1942___J&J 4s 1 9 4 1 - _____ M&N Extl s f 7s Ser B 1 9 4 5 --J& J 4.75 94 3/ 98 973/ Serbs Croats & Slov (K ing of) 3 1 4 s 1936______________ J&J 100)4 Argentine R epub— 7s '27 F&A 101) 4.75 E xt 8s 1962___________ M&N Ottawa C ity 5s ’27-’4 5 ___J&J 6 4.65 to 4J 89 3/ 97 901/ Internal 5s o f '09-''45--M & S 9734 Swedish 6 s 1939_______J& D15 10334 104 6 s Munic Im p ’27-’5 0 --J & J 6 4.70 to 4.95 % 4s £ loan o f 1897______ A&O y $ 72 $73 5s July 1 1927__________ J&J 534s external 1954-_— M&Ni 102)4 103 98 Ext 6 s o f '23 1957 A _M & S 4.65 9834 5s July 1 1928__________ J&J Switzerland— 534s 1 92 9 --F & A ' — slO l) 98 1st g 6 s 1958 Ser B ____J&D 4.70 973/ 5s July 1 1929__________ J&J Sink fund gold 6 s 1959-J& D 4 75 5 34s External 1946___A&O 102)4 103 98 3/ 9834 S F gold 8s 1940---------- J&J 11334 113)4 5s July 1 1930__________ J&J 98 E xtl s f 6 s Oct 195 9 -_-A & O 97 3/ 4)4 U S o f M exico 6 s A 1933 4V Extl s f 6 s 1960_______ M&N 5s July 1 1931-1956____ J&J 98 97 3/ \f5s g Ext L ’n 1945 £ - _ Q - J a n / 48 981/ E xtl s f 6 s 1960_______A&O 4 34s ’34, ’35. ’4 4 ______ J&J 973/ 4.85 Assent 4s war & sc o n ____ / 40)4 3 34s Sew Sep 2 7 .’2 8 -M & S 1 b 4.60 to 4.65 % Australia (Com m onw ealth)— 4014 4s gold 1954___________ J & D / 28 Quebec (P rov) 4 34s ’ 50-M &S2 Ext 5s July 15 1955-J&J15 4.70 9714 9734 Assent 4s war & sc o n ___/ 24 Austria (P rov o f Upper A us)— Quebec C ity 3 34s g ’3 0 - -J& J 26 4 85 4s E xt 1910 war N o 3 o n ___/ 25 3 !4 s July 1 1933________ J&J 941/ 94 Extl s f 7s 1945 - __J& D 4 85 26)4 Treasury notes 6 s ext 1933— • Regina 5s 1929___________ J&J Austrian G ovt s f 7d '4 3 -J & D 101 3/ 101 ■ / 5 Cash warr N o 3 o n ___J&J / 40)4 41 Bavaria (G er’y) 634s '4 5 -F & A 1 98 St B oniface, M an, 5s ’ 31 _.T& J2 5.75 983/ b Basis. c Basis $5 to the £. f Flat price, i In London, r Canadian price, n Nominal, p Per £20. m Dollars per rubles, flat, s Sale price. t Per 1,000 guilders, u Dollars per 1,000 lire flat, v Dollars per 1,000 francs, w Dollars per 500 francs. yPer£200. * Tax-free in Conn, z Per £300 bond. STATE AND MUNICIPAL BONDS 50 Bonds. B id . Saskatchewan (Province) 5s 1943 (non-call)--J&D15 4M s July 2 1945______ J&J2 South Vancouver, B C— 5s 1927-1946.............-J&D30 b 5.35 Toronto 5s 1927-1936------ J&J b 4.65 6s 1927-1929........ J&J b 4.75 6s 1930-1940------------------J&J b 4.90 6s 1940-1950------------------J&J 4M sJ a n l 1949.................J&J 4M s Jan 1 1955...............J&J 4s £ July 1 1948------------ J&J 3 Ms July 1 1944-45------ J&J Vancouver, B O, 5M® '39 A&O 5Ms 1952----------------------F&A 4s St Imp Sept 9 ’27-M & S9 4s St Imp Sept 9 '32-M & S9 Winnipeg, Man, 5s ’4 4 .-A&O 6s Dec 1930------------------J&D 4 14s non-call 1944------ M &N 4M sJu n el 1946----------J&D 4Ms June 15 1950— J&D15 4s Aug 1 1 9 4 6 ------F & A 1 5 G EO R G IA 4 Ms ref 1 935-1945--..........J&J 3Ms Jan 1928-1935----------J&J Albany— 5s 1945------------ J&D Athens— 4 Ms June 30 1943-Atlanta— 4M s Jan 1 1940-J&J 4M s Sewer 1928-1940--J&J b 4.05 3M s July 1 ’31 & ’3 3 --J&J Augusta— 4 Ms Flood 42M&N 4s refunding 1934------ -J&J 3 Ms April 1930----------.4& S Bibb Oo 4 Ms 1948-49--M &N Clarke Co 5s 1928-41-— J&J b 4.20 Columbus— 5s 1927-44-— J&J b 4.15 4 M s Refunding 1939 - - J&J Dougherty Co 5s 2 7 -4 8 M&S b 4.20 Macon 4 Ms W W 1927-36-J&J b 4.10 4s Pav & Sew '27 to 39-J&J b 4.05 Pulaski Co 5s 1 9 3 2 -4 8 ----J&J b 4.55 Rome4sMunlcbldg 27- 39A & 0 b 4.25 Savannah— 4Ms reX 1943-J&J 4 Ms Drainage 1944— F&A 4 Ms Refunding 1 9 5 9 --F&A Spalding Co— 5s 1927-30-J&D b 4.25 Swainsboro 6s 1927-50--A&O b 4.80 Valdosta 5s 1 9 2 8 -4 2 ---— Jan b 4.20 Ware Co 5s Sch 1927-31--J&J b 4 .25 5s Road 1932-1949----J & J Watkins S D 6s 1931-50-M & N b 5.40 Woodbury ^ ^ 9 2 ^ - 4 9 — J&D 6 Ms Impt 1 941-...............A&O 5 s Highway 1941 — - - — J&J 4Ms Cap Bldg 1 9 3 0 -3 9 ---J&J 4M S M ay 1 1932 opt 1921-J&J 4Ms Highway'35 opt 25 -J&J 4 Ms Highw ’37 op '2 7 ------ J&J 4Ms Ref 1927-1928-------- A&O 4M s Ref 1929-1945-------- A&O 4s Jan 1 1934 op 1924------ J&J Blaine Co 5s Feb ’27-’31-J&J Boise City S D 6s July 1 1040 J&J IL L IN O IS 4Ms Serv Comp 1927-43-F&A 4Ms Aug 1 1930-38------ -F & A 4s M ay 1 1 9 27-1935----M & N 4s Highway 1929-1940--May 4s Highway 1927-1928--May 4s Highway 1941 -19 4 3 ..May O Highway 1945-1954--M&S Champaign County— 6s Road 1927-1943--M &N Chicago— . 4s 1928 to 1 9 3 5 --------- J&J 4s Jan 1930 & 1931------ J&J 4s Jan 1937-1939-------- J&J 4s Jan 1928 1 9 4 1 -----J & J No W Pk 4 Ms 1927-27-J&J No W Pk 4M s 1927-28-J&J W Chic Pk 4s 1927-27.J&J W Chic Pk 5s 1927 ------ J&J Chicago Sanitary District— 4s Sept 1927-1931------ M &S 4s 1927-1945----------------J&J Chicago South Park— 4s 1930-1939 var..................... 4s 1940-1945 v a r ..-------------Cook County— 4 Ms 1 9 2 7 -1 9 4 0 ------A&O 4Ms For Pres ’ 27-’43-J&J15 4s Ser K 1927-1931— J&D 4s Ser M 1 9 2 7 -1 9 3 3 ---J&D 4s Forest Pres '27- 3 4 -A & 0 Bast St Louis— 4}^s ref Sept 1 1 928--Sept B1j£n 1Q27-1944^-S ~ ___M&N Moline 4 Ms 1927-1932._-J&J Springfield Sanitary District— 4 Ms 1927-1944------------ J&D IN D IA NA (see footnote o) Cass Co o4s ,27-’33-M & N 15 Eao 6 ? W CV^°x927-’2 9 -— M&N E14M ’ tW W 1930-'75— A&O s oEvansville— 4s Ref 1932-J&J o4s Ref 1942- — - - - - — J&J oFloyd Co 4s 1928-30— J&J oFort Wayne Sch D 5s 1933 — oFranklin Co 4s ’27-’3 0 -.J & D oGary Sch City 4 Ms Oct 1943. oHendricks County— 4s O H Jan 15 '27- 3 2 -J&J15 Indianapolis— 05 Ms Track Kiev ’31- 47 J&J o4s Fire Dept J’ne 1 41 J&J o4Ms Sch J’ne 15 '40J&D15 o4Ms 1927-1955------------ J&J o3Ms Hospital 1936 -J&J 63 Ms City Hall 1939 -J&J o Indianapolis S D — o4s Bldg Sept 1 1946— J&J o3Ms July 1 1941-------o5s Oct 20 1927-39.A&O20 oKokomo 4s 1927-1931--M&S oLa Porte Co 5s '27- 2 8 --J& D ° Lo 4gM T sc h H ’27-'37-J& D 15 Marion Co— 4s Ref ’2 7 --J&D oRichmond— 4s 1927------ M&S oSouth Bend— o4Ms W W N ov 43— M&N o4Ms W W Dec '43— J&D 05Ms 1931.......... M&S o5Ms 1 9 4 1 --- .................M&S [ Ask. To B on d s. South Bend School District— o4s Apr 17 1927______ F&A 4.90 4M Terre Haute— 4s 1927___A&O o4s Sewer 1930________ F&A to 5.65 % oTerre H Sch C 4s ’27-’31 M &S to 4.90 % oVigoOo4M Dec 16T927-J&D to 4 90 % INDIAN T E R R IT O R Y (See IO W A to 4.95 % 4.95 4 Ms 1927-1929............— J&D 4.85 4Ms 1932-1933__________ J&D 4.85 4Ms 1934-1940__________ J&D 4.90 Boone 4 Ms 1927-31____ M&N 4.85 Burlington 4 Ms ’27-'33.M & N 4.95 Council Bluffs— 4Ms W at Wks ’27-’30-M & N 4.95; 4.70 Crawford Co 5s ’2 7 -2 9 -M & N 4.SJ0 Cushing 5s School 1939-M & N 4.90 Davenport 4s 1927-29--M & N Des Moines— 5 5s Municip 1927-1957--J&J 4Vs 4M s 1927-1931________ M&N 4Vs 4 Ms W W 1932-42____ J&D 4 Vs 6s Gen Obllg 1931-40— J&J 4.85 Des M Ind S D 4 Ms '32— J&J 4 Ms Sept 1 1945..........M&S 4 4Ms 1944......................... .. 4 v 4s Sept 1 1945_________ M &S 4.35 4.30 Dubuque Co 4Ms ’27-’31-J&J 4M Fort Dodge 5s Fund ’3 9 --A&O to 4M Fremont Co 5s 1927-35--J&J Jackson Co 5s 1927-30--A& O 4.20 Marshalltown Ind S D — 5s City Hall 1927-39— M & N 4.15 4.15 Marshalltown— 4M s Water 1929-42___A&O 4.25 to 4.40 4M s Water 1943&’44— A&O to 4.30 _ Ottumwa 4 Ms June 1936_ 4.25 Polk Co 4M s '27-’32— A& 015 to 4.40 % 58 Funding 1927-35____ J&J to 4.20 % Sioux City— to 4.15 % 6s ParkAugl5 35-'45F& Al5 to 4.60 6s Ref Aug 15 1940— F&A15 to 4.35 5s Fire Fund 1927-33--J&J 5s Police Fund ’27-’33-M & N 4.20 4.20 Sioux City S D 5s 1941___J&J 4.20 Waterloo— to 4.35 % 4Ms W W Jan 15 ’3 0 .— J&J to 4.90 % Woodbury Co 5s ’28-’32— J&J to 4 40 % K A N SA S. to 4.40 % 4M s 1927-1933___________ J&J 4.45 4M8 Soldiers Compen ’34-’52 Atchison Co— 5.50% 4s Refund ’29 op ’ 14___J&J Emporia— 4Ms Dec *29 op T 9 — -F & A 4.25 4.25 Emporia SD 4Ms'32op’22 J&J 4.25 Ft Scott 4M s ’35 op TO— M&S 4.50 Galena— 4.50 5s W W 1927-1943____ J&D 4.25 Hutchinson— 5s 1931____ A&O 4 Ms Pub Bldg ’61 op ’31 J&J 4.20 4.20 Kansas City— 5s Feb 1 1942__________ F&A 4.50 4 Ms W at & Light 1944-J&J 4M 4 Ms Sch Bldg 1929____ J&J 4 Ms W at Plant Pur '39 J&J 4.75 4Ms Refg Feb 1 ’2 9 . — F&A & 4 % to 4.10 % 4Ms Imp July 18 '49— J&J Board or Education— 4.10 b 4 % to 4 05 % 4Ms 1927-1953_____ F&A b 4 % to 4.05 4 Ms 1927-1953______ J&J b 4 % to 4.05 Sch Dist 4M s 1929-54--J&J b 4 % to 4.05 Sedgwick County— b 4 % to 4.05 4Ms Brge Oct ’27op’ 17-J&J Topeka— b 4% to 4.15 4Ms 1927-1933------------ F&A 4 Ms Elec Light 1929___J&J 4 Wichita 4M s 1932-36_________ Wyandotte County— 4 4 Ms Bridge '32 to '4 1 --F&A 4 KENTUCKY. 4 4 10 Ashland— 5s Sew impt ’32 & '37— M&S 4.10 4M s S I ’42, ’47. '5 2 -— M&S 4 Bell County— 4 6s Ct H Dec 15 ’3 8 — J&D15 Covington— to 4.05 % 6s W W Janl5 ’27-’36 J&J15 to 4.10 U l 6s W W Janl5 ’27-’31 J&J15 6s W W Janl5 ’32-’61 J&J15 4.05 4 Ms Funding 1927-48-F&A 4.05 4 Ms W W 1927-1951.-J&J 4s Fundg 1952 op '42— F&A b 4% to 4.05 % b 4% to 4.10 % Frankfort 4 Ms '27 opt '1 7 -J&J Harlan County— 100 % 99M 5s Rd & Bridge ’49-’52 M&N 100 % 99 M Lexington 4s 1945---------- F&A 100 % 99 M Lexington S D 5s 1938— J&D 4.25 Louisville— 5s School 1962_________ A&O 4 Ms Hospital 1951____ M&S b 4.20 to 4.25 % 4 Ms School Impt 1954-A&O b 4.05 to 4.15 % 4s Municlmp Decl '28 Q-M 4s Park 1936__________ J&J b 4.15 to 4.25 % 4s Refdg July 1 1937— J&J 4s Sewer 1947_________ F&A 4 4s Louisv W Co 1946—J&J 4s Louisv W Co 1950--F& A b 4-60 to 4.80 % 4s Sewer 1965_________ F&A 3 Ms gold refg 1 940--M &N 4.30 3 Ms Refunding 1943--J&J 4 3s Sewer & Park 1941_J&J 4 McCracken County— ob ____ 4 5s Ref 1933 opt 1913— M&S 4 ob ____ 5s Ref 1933 opt 1923— M&S 4 Owensboro— 4s ’31 op ' l l J&J 4 4s Street 1930 op 1915— J&J L O U ISIAN A. ob ____ 5s Port Comm’n ’27-’5 4 -A & 0 5s Port Comm’n ’27-’59— J&J 4 5s Port Comm'n '27-'55_J&D 4 4M s Ref 1927-1964_____ F&A 4 4 Ms Port Comm’n ’27-’57M&S 4 3.90 Alexandria 5s 1927-52— F&A 3.90 Atchafalaya Levee Dist— 5s Sept 1932-1972.-M &S15 5s Dist ref & imp '49— M &S 4 0_____ Baton Rouge 5s 1927____ M&S 4 5s Mar 1 1928_________ M&S 4 5s Mar 1 1929— ............M &S 4 5s 1 9 3 0 -1 9 3 5 --.............-M&S 4 5s 1936-1940___________M&S 5s 1934-1954___________M&S 4 Bossier District Levee— 4 5s 1954............- ...............A&O 4 Caddo District Levee— 5s 1951 opt 1941---------- J&J 4 Caddo Parish S D No 1— 4 5s School 1929-1943— J&J 4.05 4.05 L Bid. Ask. To N e t. ob. o b ____ o _____ Oklah oma) 4 4 4 4.15 4.15 4.15 4 30 4 35 4.10 4.25 to 4.30 % 4-15 4.15 4.35 4.15 4.15 4.15 4.10 4.15 4.25 b 4.25 to 4.30 % b 4 -25 to 4.30 % b b 4.20 to 4.25 % b 4.20 to 4.25 % 6 4-25 to 4 -30 % 4.15 4.15 b 4.25 to 4.30 % 4.15 to 4.25 6 4.15 to 4.25 b b 4.20 to 4.25 b 4% b to 4.05 4% to 4.30 b 4.10 to 4.20 |V ol . 124. _ B on d s. Fifth District Levee— 5s 1950 opt 1940............ J&J 5s 1952 opt 1942............ J&J 5s Oct 15 1962 op '5 2 --A& O 5s Oct 15 1 963-.........A&OIS 5s 1957-1967...............A & 015 5s 1959-1969...............F&A15 Lafourche Basin Levee— 5s Jan 1954 opt 1944— J&J Lake Borgne Dist Levee— 5s Dec 1952 opt 1942--J&D New Orleans 5s Oct’27 '32A& 0 5s Pub Belt RR ’39-'4 9 -J&J 5s Pub Belt 1950-59-— J&D 4 Ms Paving 1928-1936-J&J 4Ms 1956-1966_________ J&J 4s Floating debt 1948-A & 0 48 Constitutional 1942.J&J 4s Public Impt 1950 opt 1942 (old Issue)_____ J&J 4s Pub Impt ’42 ept ’28.J&J Orleans District— 5s July 1930-1939..........J&J 5s July 1940-1949_____ J&J 5s July 1950-1959_____ J&J Plaquemine Parish E Bank— 5s Oct 1952 opt 1 9 4 2 .-A& O Pontchartrain District— D 6s 1 9 4 4 --.................M &N 5s July 1968___________ J&J Red River A & B B District— 5s 1950 Series B ______ A&O 5s Mar 1953 opt 1943-M&S 5s 1965 Series D ______ F&A Shreveport 5s 1929-1931 F&A 5s 1 9 3 2 -1 9 3 6 ---.............F&A 5s 1937-1961___________F&A 4M s W W & Sew’27-’54-J&J Tensas Basin Levee District— 5s Jan 1957_____________J&J B id. A sk. To N o t. 99 99 99 99 99 99 102 M 100 102 88 95 96 4.30 94 94 94 % 101 102^ 103 105 106 106 85 110 100 102 102 102 4.50 4.55 4.55 b 4.25 to 4.50 % 100 4.50 M AIN E 4.50 % I 5Ms Bonus Fund ’27-’30-J&D b 4 % 5s Hway & Bdge ’2 7 -'5 4 -A & 0 b 4.05 % 4.20 4s Sept 1 1927-1953____ M &S 99M 4s Highway 1927-1936---M&S 99M 99 4.20 4s April 1928-31 tax-ex.-A& O 4s State Pier 1933-1942.-M&S 99 % Auburn— 4.20 4s 1935 & 1940 tax-ex. _J&J % 100 99 4.10 Augusta 4s Oct 151927-55A&O Bangor— 4.3* 4s Ref W at ’35 (ta x a b le ).J& J 4.20 4s Fund 1927-30 tax-ex.J&J 99 98 4.20 Bath 4s Ref 1941 tax-ex. J&D 98M 4.50 Blddeford 4s 1927-35---M & N 4.50 Brewer High Sch Dist— 4.10 4 Ms 1927-1945______ M &N % Gardiner Water District— ■ 4.20 4s 1934 (taxable ) ________J&J 97 4.20 Kennebec Water District— 99 M 4s Ref M ay 1 1959 ..M & N 98M 4.25 KIttery Water District— 4.10 4.30 5s Jan 1928 to 1938____ J&J 99 4.20 Lewiston 4s g Oct 1927--A& O 4.10 Portland— 4s Aug 1 1929 ta x -e x ..F& A 99M 100 4.20 4s C H ’27-'45 tax-ex. A&O 99 M 100 4.20 4s High Sch 1936 tax-exem. 99 M 100 4.20 Portland Bridge Dist (taxable ) 4.20 3 Ms July 1927 to 1939.M &S 6 4 % to 4.15 4.20 Portland Water District— 4s Funding 1928______ J&D 99 H 100 98 4.50 Saco 4s April 1939______ A&O South Portland Sewer Dist— 99M 4s 1931-1950_________ M & N % 98 4.15 Washington Co 4s 1 9 2 8 --J&J 98 H 4.15 Waterville— 4s g July 1 1927-4.35 3 Ms Sept 1935________M &S M AR YLAN D 4.15 4 Ms Aug 15 1927-33..F & A15 b 4 % to 4.10 % 4Ms Rd & Bdge ’28-’40 J&D15 b 4 % to 4.10 % to 4.10| % b 4% 4 50 4s 1927 to 1928 4.50 4s 1928 opt 1923.................J&J b 4 % to 4.10 % 4s Jan 1 1929-................ — J&JI& 4 % to 4.10 % 3M s 1927-1928___________F&A b 4 % to 4.10 % 4s Roads 1927-1930_____ F&A b 4 % to 4.10 a 4.50 4 Ms Roads J’nel5 ’27to’28J&D b 4 % to 4.10 4.50 Annapolis 4 Ms W W '42-A&O b 4.10 to 4.20 4.50 Baltimore— 5s 1927-1946 M&S b 4.05 to 4.15 4.50 5s 1 927-1961.-.............. A&O 6 4.05 to 4.15 4.50 5s Gen. Imp. 1943-45--M&S b 4.05 to 4.15 1.50 4 15 % 5s Water 1961_________ A&O 4.60 4M s Mar 1 1927-55— M&S ‘ 102 y 103M 4 Ms Mar 1 1955_____ M&S 104M 105M 4 50 106 4s Aug 1 1951-...............F&A 105 4.25 4s Annex 1954_________ J&D 6 4.05 tp 4.15 % 4M 4s Parks 1 955-...............M&N b 4.05 to 4.15 % 4s Mar 1 1961_________ M&S b 4.05 to 4.15 % 4s Aug 1 1961_________ F&A b 4.05 to 4.15 % 4.10 4s School 1933-1939___M&N 99 100 3M s July 1 1 9 3 0 ...........-J&J 97 99 3 Ms Impt 1940...............J&J 97 99 3 Ms Mar 1945________ M&S 96 98 3 Ms Refunding 1952___J&J 86 87 3 Ms Sewage Impt ’8 0 -A&O Cumber'd 4Ms W W ’4 I -A & 0 4.10 to 4.20 % Hagerstown— 4.15 5s Water 1938-1987___A&O 4.15 4M s 1936-1986________ A&O Washington Sub San Dist— 4M s Sewer g 1973_____ J&J b 4.35 to 4.50 b 4.35 to 4.50 5s 1969________________ 5 M ASSACH U SETTS 6 4s 1927-52 (tax-exempt)..Var 101 M 4.40 3 Ms gold July 1 1935____ J&J 95 M 4.40 3M® 1956 ref (tax-exem).J&J 94 96 % 3M s 1937 reg (tax-exem).J&J 92 % 3 Ms Water 1942_________ J&J % % 3 Ms gold July 1944_____ M&S 92 M % 3s April 1 1 9 2 9 --...............A&O 96 M 96 % 3s gold M ay 1929______ M&N % 91 % 3s M et Sewerage 1936___M&S 88 % 3s gold July 1 1939______ J&J % 3s gold Water Jan 1 1941-J&J 87 M Arlington 4s’27-’42(tax ex) J&J b 3.75 to 3.85 % Attleborough— 4.30 3M s March 1935_____ M&S 4.40 Beverley 4s' 27-’36(tax ex) A&O b 3 .75 to 3.85 % 4.45 4s 1927-1945 (tax ex).M &N b 3 .75 to 3.85 % Boston— 4.55 4 Ms Tun 1960 tax-ex.A&O 104 M 4.55 97 H 4s July 1936..................... J&J 4s Apr ’27-’37 (tax-ex).A&O b 3.80 to 3 .90 % 4s 1927-1939 (tax-ex)..J&J b 3.80 to 3.90 % 4s Tunnel & Sub 1948-J&D 97 4s Sub 1957 tax-ex____ A&O 99 Vs 4s Sub 1958 tax-ex____ J&J 100 4s Tub & Sub’59 tax-ex.J&J 100 % 2 111 107 M 104 M 98 98 98 99 97 M 97 99 M 90 90 76 b 4.25 b 4.25 b 4.25 b 4.05 b 4.25 b 4.20 102 b to to to to to to 4.40 4.40 4 .40 4.25 4.40 4.70 104 4.50 4 .55% 102 b 4.50 to 4.55 b Basis, f Flat price, n Nominal, c Tax-exempt; under a law approved March 9 1903 and which went into effect April 23 1903, bonds Issued after that date by State or municipal corporations are tax-exempt, and these sell on a better basis, s Sale price. Bonds 51 STATE AND MUNICIPAL BONDS Ja n . 1927.] , Bid. A$k. To Net. Boston (Concluded)— 96 3M s June 1 1932_____ J& D 95 3 Ms June 1 1934......... J& D 3*48 July 1 1935...........J&J 94 M 91H 3M s June 1 1943_____ J& D JMs June 1 1944......... J& D 91M 90M 3M « July 1 1945.........-J& J 99 % Brockton 4s M a y 1 92 7 --M & N 96 3Ms W ater 1932_____ M&N Cam bridge— 3 Ms M a y 1 ’45 (reg)_M & N 90M 3s Bridge 1941________ F&A 86M Chelsea— 4s Park 1 9 3 6 --A & O 97 M 4s Sept 1 1958________M & S 96 M Essex Co 4s '27-'31 tax ex M&N 6 3.75 to 3.85 Everett— Is Sewer 1929- -M&S 99M Fall River— 3.90 4M s '2 7 -’29 (t e x -e x )-.A & 0 4 Ms ,27-’34 (ta x -e x )..M & N b 3.80 to 3.90 % 4s 1927-'55 (tax -ex)___M&N b 3 80 to 4 % 4s 1927 (tax e x )______ J& D 100 3 Ms W ater 1930 tax ex F&A 97M Gardner 4s wat ’27-’3 4 — M&N 98 M Gloucester— 98 3 Ms W ater ’27 to ’3 1 . .A & 0 Haverhill— 4s 1927______ J&D Holyoke— 3.90 4M s ,27-’50 (ta x -e x )..F & A 3.90 4M s ’ 27-’41 (tax-ex)___J&J 3M s D ec 1 9 2 7 -1 9 3 2 --.J&D 97 M 3.85 Lowell 4 Ms ’ 27-’29 tax-ex M&N 3.90 4 Ms 1930-34 (tax-ex) .M & N 104 4M s 1937 (ta x -e x )____ F&A 99 % Lynn— 4s July 1927_____ J&J 4s M a y 1935-39...........M&N 97 M 97 4s M a y 1940-51______ M&N 3 Xa April 1 1932_____ A&O 96 Malden 4s ’27-'44(tax-ex) F&A 6 3.75 to 3.85 % M edford 4s Feb 1930____ F&A 99 3.85 5s Apr 1 1927-28 tax-exem pt M ilton 3 Ms 1927 to 1932-F & A 97 M 3-90 Needham 4 Ms 1 927-43.-A & O New B edford— 4s Sewer 1927-41 (taxexem pt)____________ M&N 6 3.80 to 3.95!% 4s 1927-’35 (tax -ex)..M & S 6 3.30 to 3.95 % Newburyport— 97 3M s W ater '27 to '3 4 --J & D Newton 4s 1935_________F&A 98 North Andover— 5s 1927-’34 (tax^ex)___J&J 6 3 75 to 3.85 Pittsfield 4 Ms 1927-30 (tax-ex) 100M Quincy 3M s '27 to '3 9 ___A&O 6 3.75 to 3.85 T a x exem pt__________ Salem 4s Jan 1 ’32-’54 ta x -ex . 99 M Springfield 3 Ms 1935____ J&J 94M 3s Sewer 1930_________ J& D 95M 3.80 4s 1935-'44 (tax-ex)___F& A Taunton— 4s 1927______ J& D '9 9 Vs 3M s Sewer D ec 1 '3 0 --J & D 97M Wakefield 4s 1 9 2 7 - 3 3 . A&O 99 Warren W at D lst ’27-’5 3.F & A W atertown— 4s 1927-34--J& J 91M 3M s 1927 to 1929_____ J&J 98 M W inchester 4s 1938-1943 A&O 99 M E X IC O See Foreign G ovts page 49. M IC H IG A N (See footn ote o 4.25 5M s July 15 1941______J&J15 4.20 5M s Oct 15 1941_____ A & 0 1 5 4.20 5Ms Highway 1941_____ J& D 4.15 5s Highway 1940_______ J&D 4.10 4Ms Highway 1943_____ F&A 4.10 4 Ms Highway Im pt 1937 A & O 4.05 4s Highway Im pt 1 9 4 2 --A & O Ann A rbor School D istrict— 4.20 4s Sept 1935--------------- A&O Battle Creek— 4s C ity Hall 1 92 7 -3 6.-F & A 6 4.10 to 4.20 % 4.15 Bay C ity 4s 1934________ J&J 5M s W W 1927-1951--M & S 6 4.25 to 4.40 % Bay C ity Union S D — o6s 1927, 1931, 1 9 3 6 ...J & J 4M to 4-40 % Bessemer 5 Ms 1 927-49.-F & A 4.65 to 5 % % Detroit— o6s Pub Serv 1 9 2 8 -2 9 ..J&J 4.30 o6s Pub Serv 1 930-51..J& J 6 4.25 to 4.40 % 4.30 o5M s N ov 1 1945____M & N 4-10 ©5Ms Pub Util '2 8 -’2 9.J& J o5M s Pub Util '3 0 -’5 1.J& J 6 4.20 to 4.25 % o5M s Pub Util '2 7 -’4 8 .A & 0 6 4.10 to 4.25 % 4.10 5s Pub Im pt 1928-29___J&J 5s Pub Im pt 1930-51___J&J 6 4.10 to 4.25 % £> s Jan 15 1936-42..J& J15 6 4.20 to 4.25 % 5 4.20 o4M s Pub Lib 1948.J& J15 4.20 04 Ms 1932, 1935-42-J&J15 4.15 4M s 1942-1952________ J& D 4 o4s Aug 15 '2 7 -’28-_F & A 15 4.10 o4s School 1946______ M & N 4.10 3 Ms Park 1930________M&S oEscanaba 4 Ms 1 927-30..J& J 6 4.15 to 4.25 % ©Flint 4M s 1927-39_____ F&A 6 4.15 to 4.25 % 4.25 4M s 1938-1953________ J&D 4M s 1927-1954____ M & S15 6 4-15 to 4.20 % 4M s 1927-1937________ J&D 6 4.15 to 4.25 % o5s (M ar 15 & Apr 1) '3 1 -’50 6 4.20 to 4.35 % Flint Union School Dist— 5s 1927-1954__________ M&S 6 4.30 to 4.40 %„ oGenesee Co 6s 1927-31 .M & N 4 25 Grand Rapids 5s 1927-34. A&O 6 4 '.'l0 4 .15% 4 Ms Flood Protec '33-M & S 6 4.10 4.15% 4.10 4M s 1927-1928________ F&A 4.10 4 Ms 1929-1930________ F&A 4M s 1931-1953________ F&A 6 4.10 4.15% 4.10 4s W ater N o v 15 '2 9 . -M & N 4.15 Highland Park 5s 1 9 2 8 --J& J o4M s Sept 15 1934___M & S Jackson 4 Ms 1930-47.A & 016 4M s Gen I m p t ’30-’54 M&N 6 4.20 to 4.50 JacksonU nSD 4M s'28-30M & N 4M s 1931-1936______ M & N 4M s 1937-1945...........M & N Kalamazoo S D N o 1— o5s School '2 7 -’3 0 .-M & S 1 5 Lansing o5s 1 9 2 7 -3 2 ...J -J 1 5 6 4 .10 to 4.15 o5s Jan 3 1928-1932..J& J3 6 4.10 to 4.15 o4M s Jan 3 1 93 0 -3 6.-J& J3 4 Ms 1937-1946...............J&D Muskegon— 4M s W -W 1928-44____ J&J 6 4.10 to 4.25 4s M a y 1 1934...............M&N Muskegon S D 5s 1942___July Muskegon C o 4 Ms 1 9 3 2 .-J& J Pontiac— 4 Ms '3 1 -'4 7 -— M&S 6 4.25 to 4.30 5M s Sewer 1927-1942 F&A 6 4.30 to 4.40 6s W at Im pt 1927-28.J& D 6s W at Im pt 1 9 2 9 -3 5 -.J & D 6 4 .30 to 4.40 6s W at Im pt 1 9 3 6 -5 0 ..J & D 4.15 Port Huron 4s 1932______ J&J B ondB . Bid. Ask. To To B onds. Bid. A sk. St Louis (Concluded)— M IC H IG A N (Conclu, . Saginaw 4 M s sew ’27-’33-J& J 6 4.10 to 4.15 % 48 Public Im pt 1928____ J&J 99 M 100 4s P ublic B ldg 1 9 2 9 .- -A & O 4M s Sewer 1927-1949-F & A 6 4.10 to 4 20 % 99 M 100 4 4s W W Renew '3 1 ___M & N 4 Ms Sewer 1927______ J& D 99 M 100 4 Ms Sewer 1928-1929--J & D 4 4s School 1937.................J&J 6 4.20 4.05% 4M s Sewer 1930-1932-.J & D 4.05 4s School 1938_________ J&J 6 4.20 4.05% } 4 Ms Sewer 1933-1951--J & D 6 4.10 to 4.20 % 4s 1931-1946__________ A&O > 4 20 4.05% Sault Ste M arie 4s 1 9 3 2 --J& J 3.65s Ren June 1927___J& D 6 4.50 4.20 4% W ayne C ounty— Springfield 5s '32 op ’ 1 7.J & D 4 Ms bldg& bdge ’27-’39M & N 6 4.10 to 4.15 % MONTANA W yandotte 4 Ms 1934___J& D 4.25 5M s Educational 1941___J&J 6 4.30 to 4.45 % M IN N E S O T A 4 Ms Educational 1944___J&J 6 4.25 to 4.40 % 4 .7 8 4M s July 15 1943.......... -J& J15 4.10 Billings 5s 1934 op 1 92 9 --J& J 4M s D ec 1 1939................J & D 100M 101M B utte 5s 1928-1936______ J&J 6 4.90 to 5% Beltram i C ounty— 6s 1941________________ J&J 4 .8 0 5.50 Daniels C o 6s 1933-1942 5M s D itch 1927-34___J&D 6 5 % to 5.25 % 5.25 Great Falls— 6s R oad 1930___________ 4 .8 8 4.75 Brainerd 5s N o v 1927-1929 5 Ms Sewer '35 to '3 9 - -J& J D uluth— 5 Helena 5s 1931 op t 1916-J&J 4.10 Kalispell 5s 1933.......... 4s g W ater & Light '2 8 - A&O 5 J&J 4.10 Lincoln C o 5s '32 op '2 7 - J&J 4s W ater & Light 1 93 6 -A & 0 5 3.50 4s 1927_________________ J&J 5 .1 0 5s Fund M ar '31 op '2 1 .J & J 3.90 Phillips C o— 4s 1928_________________ J&J 4s 1929_________________ J&J 3.95 5s R e f D ec '35 op '3 3 -.J & J 4 4s 1930-1946___________ J&J N EBRASKA 4.16 Duluth Ind School Dist— D ouglas C o— 4s ’2 7-’2 8 -A & 0 4.20 4.20 5M s 1936, 1938, 1940-A&O 5s H ighway 1942_____ A&O 4.15 4 Ms Feb 1 '40 op '3 0 .-F & A 4.20 5s H ighway 1943..........A& O 4.15 Kearney 4M s 1927-1945-M&S 6 4.30 to 4.50 % 4s 1934 op t 1924______ A&O Hennepin C ounty— 4.20 Lincoln— 4M s '27 to '2 9 -F & A 6s Bridge 1927-40____ M&N 6 4.20 to 4 .35 % 4 30 5 Ms H ospital July ’35-’44 5M s Bridge 1927-40--M & N 6 4.20 to 4 35 % Lincoln S D — 4 Ms Sanitorium ’28-’42-J& J 6 4.20 to 4.35 % 4 Ms 1929-1953............M & N 6 4.10 to 4.25 % 4 Ms H ospital '27-’4 1-M & N 6 4.15 to 4.25 % Omaha 5 Ms 1941______ M&N 6 4.35 to 4.45 % 4.25 K oochiching Co 5s '2S-’33 J&J 6 6% to 6M % 5s 1930, '35, '40, '45, '5 0 . — 4.15 5 Ms D itch 1927-1935..J& J 6 6 % to 6M % 4 Ms Refunding 1933-.J & J M inneapolis— 4.15 4M s W W D ec 15 '4 1 ..J& J 4.15 5s 1927-1928__________ J&D 6 4.10 to 4.20 % Omaha S D 4M s 1 9 2 8 .— J&J 5s 1929-1932__________ J&D 6 4.15 to 4.20 % 4.15 4 M s July 1931_________ J&J 4.15 6s 1935, '36, '40, '43, '45 4M s M a y 1 1955_____ M&N 4.25 '46, '47, '48, '49, '50-J& D 6 4.15 to 4.20 4M s M a y 1 1956_____ M &N 4.25 5s 1948-------------5 sS tIm p M a y 2 '3 7 -'4 lM & N 2 6 4.15 to 4.20' J& D 6 4.10 to 4.25 % 4.35 4M s 1927-1935______ 5 Ms M a y 2 1951_____ M&N So Omaha S D— 4M s M ar 1927-1937.-M & S 6 4 10 to 4.25 % 6 4.10 to 4.25 % 4 Ms School 1941_____ 4.25 5s D ec 1929 ________ J&D 4s M a y 1 1927________ M&N 6 3 .7 5 to 4.25 % NEVADA 4s School Jan 1 1 9 3 5 -.-J & J 6 4.05 to 4.20 % 4.60 W ashoeC o S D 5 s'2 7to’29 M&S 4s Im provem ent 1942-J & D 6 4.05 to 4 .20 % N E W H A M P S H IR E C oncord— 4s 1944________________ A&O 6 4.05 to 4.20 % 3M s School Jan 1 '2 9 -.J & J 6 4.10 to 4.25 % 3 Ms 1927 to 1929_____ J&J 98 M 3 Ms W ater W ks 1 9 3 2 .-J& J 6 4.10 to 4.25 % 4M s 1942........ J&D 100M Ram sey C ounty— 4 M s '38, '40, ’42, ’44-M & N 100 Vt 4 Ms R d& B dge ’38-'44 M&N 6 4.10 to 4.30 % D over 3M s 1 9 2 8 -1 93 1 -..J& D 97 M anchester— 4 Ms R d& B dge ’3 3-’37 M&N 6 4.10 to 4.30 % 4 Ms R d& B dge ’27-’43 J& D 6 4.10 to 4.30 % 4s 1927-1940 (ta x -e x )„F & A 98M 4.25 St Louis Co 5s 1 9 2 7 -2 9 ..-J& J 4s 1927-1942 (tax-ex) . .J & J 98 M 4.30 5s R oad 1931__________ J&J 4s Sewer 1927-1943 (taxSt Paul— exem pt)------------- ;___M &N 98M 6s School July 1 1 9 5 1 ..J&J 6 4.15 to 4.30 % 4s 1 9 2 7 -1 9 4 5 --.............J& D 98 M 5s R efg July 2 ’27-’3 1 -.J & J 6 4.15 to 4.30 % Pem broke 4s ’27-’3 4 - ._ F&A 99M 98 M 4M s W W 1 9 2 7 - 4 2 ...A& O 6 4.05 to 4.20 % Portsm outh— 5s School July 1 1 9 5 1 .-J& J 6 4.10 to 4.25 4s R e f W ater 1 9 3 2 .. J&J 98 M 4M s July 1935_________ J&J 6 4.0 to 4.20 I Stratford 5s M a y 1933-1954 108 M 4M s Park June 1 '4 3 --J & D 6 4.05 to 4.20 % NEW JER SEY 4.10 4M s Sewer July 1 '4 3 -.J & J 6 4.05 to 4.20 % 4M s R oad & bdge 1 9 3 3 ..J & J 4.10 4 Ms W ater Aug 1 '4 3 .F & A 6 4.05 to 4.20 % 4 Ms **°ad & bd Se 1938—J&J 4.10 4M s 1940-------------------------J&J 4M s R efg July 2 '2 7 -’31-J& J 6 4.05 to 4.25 % 4.10 4 Ms N o v 1 1931___________ 6 4.05 to 4.25 % 4 Ms H ighway 1954______ J&J 4.10 4 Ms July 1 1955______ J&J 6 4.05 to 4.20 % 4 Ms 1 9 5 5 . ........ J&J Asbury Park— 4s R e f M ar 1 1939____ M&S 6 4 % to 4.15 % 4.35 4s Sewerage July 1 1939 J&J 6 4 % to 4.15 % 4M s School Jan 1943—J&.T 4.35 4s M arch 1 1940______ M&S 6 4 % to 4.15 % 4M s 1936-1946______ M & S 4.35 4s July 1 1927-55______ J&Ji6 4 % to 4.15 % 4M s 1951-1960______ M & S 4.60 Atlantic C ity— 6s 1927 South St Paul 5 Ms ref '3 3 .J & J ______ M IS S IS S IP P I ______ 5M s Im pt 1927-1930____ M&S'6 4.15 to 4.30 % ______ _ 5M s Im pt 1931-1946____ M&S 6 4.30 to 4.10, % O74 5M s April 1929-1934____ A & O ,6 4.25 to 4.35,% ______ ______ 4.25 4 Ms 1930-1950. ______ A tlantic C o— 4M s 1 9 2 7 -1 93 4 --_________ J&J 6 4.10 to 4.20 % 4 Ms July 1 1927-1935____ J&J 6 4.10 to 4.20 % 4 Ms Bridge 1928-’3i 4.20 4M s July 1 1936__________ J&J ______ 4M s Bridge 1931-3 4.15 3 Ms State 1934 op t 1 9 1 4 --J& J 4 Ms Bridge 1936-5' Biloxi 5 Ms 1927-1948. - -A & O 6 4.50 to 4.80 % A tlantic Highlands— ______ Greenville 5s 1927______ M & S 4.40 ______ 5 Harrison C o 5 Ms 1940-50 F& A 4.60 Bayonne— l ______ Jackson 5 Ms July 1 1933-J&J 4.40 5s Jan 1 ______ 5s W ater Aug 1 1 92 8 --F & A 4.50 5s W ater 1930_________ F&A ______ 4.55 5s June 1 1932_________ J& D Jones Co 5s 1927-42_____ M&N 6 4.50 to 4.70 % ______ 4.55 M eridian 5s D ec 1 1 9 3 9 --J& D ______ 4.50 4 Ms School House 1941 J&J Mississippi Levee D istrict— 4 Ms Funding 19454.75 ______ elleville S D 5s ’27-’4 5s M a y 2 1944________ M &N 4.75 5s July 1 1953__________ J&J 4.70 4M s Sept 1934________ M & S ______ 4.65 Vicksburg 5s St 1932____ F&A 5s Pub Im p 1 9 2 7 -4 8 ---F & A 6 4.40 to 4.65 % 4.40 4M s Sewer D ec 1 1 928-D ec Y azoo-M iss Delta Levee D is t4M s A ug 1927-1938-. 4.70 4s C ourt Hse ’2 7-’3 8 . 6s 1947 optional 1 9 1 7 --J& J B loom field— 5s 1927-1954__________M & N 6 4.50 to 4.70 % 4.65 _____ 4 Ms July 1949_________ J&J 4M s D ec 15 1927-31-. 4.65 ______ 4M s D ec 15 1932-64-. 4s 1952 optional 1 9 2 2 ..J&J Cam den— M IS S O U R I 4.10 5s M arch 1930-1936__________ 4.05 4M s 1933-1937__________ A & O 4.05 4M s 1938 & 1939..............A & O .15 4s Paving 1929______ M&N 4.05 4 Ms 1943-1946__________ M&S Cam den C o 4 Ms 1933. 4s R oad 1933-34 Ser D ..M & S 98 M 100 Kansas C ity— 4M s 1935-1957_______ 5s W ater W orks 1 9 3 9 --J& J 107 4M s Sept 1 1930_______M & S 100M C ape M a y — 5s 19344M s M ar 1 1933_______M&S 101 4M s W ater W orks 1942-J&J 103 M 104 M 4M s 1928-34..................... J&J 6 4.20 4.10% East Orange 4 M 8 '2 7 -V 4M s 1935-45____________J&J 6 4.20 4 .10% 5s Sewer' 1927-1960. 4s Sept 1 1930________ M & S 4.05 Kansas C ity School D ist— 5s July 1941___________ J&J 107 M 4M s July 1 1933________ J&J 101 Elizabeth— 4M s 1955. . . 4 Ms July 1 1937________ J&J 101M 104.43 5M s D ec 1 1927-1946 4M s Jan 1943__________ J&J 103 6 4 % to 4.15 4.10 4M s Sewer 1928-’3 4 ..M & S 4 Ms Sewer 1 9 3 5 -'4 5 -..M & S 4.10 4M s 1929-1932_________ J&J 4.10 Essex C o 4M s R oad '3 5 — F&A 6 4.10 to 4.15 4M s L ’d Purch '2 7 -’46_J&J 6 4.10 to 4.15 4.10 4 Ms 1933-1943_________ J&J 99 4s July 1 1 9 2 7 -.................J&J 6 4.10 to 4.15 4s Building 1932________ J&J 98 6 4.10 to 4.15 4s H ospital 1946_____ F&A 6 4.10 to 4 15 Little R iver Drainage Dist— 3.65s Park '27 to '3 5 . .F & A 6 4.10 to 4.15 5M s Oct 1927-1944___A&O 6 5.20 to 5.40 % Essex Fells (B oro) 5s July 28 St Joseph School District— 1927-1960_______ __________ 4.15 4 M s, 1930 and 1935________ Fairview— 5s 1944___________ ______ St Louis— 4 Ms B ridge-C om pl ’35 A&O 101M 103 Garfield 5 Ms 1929______ M & S ______ A 4 Ms Public B lag & Im p Gloucester C ity4 Ms’30-66J&D Gloucester Co— 1 9 2 8 - 1 9 4 3 ........................--J & J .6 4,05 4.10 to ______ A 4s Insane Asylum ’2 8 .A & 0 99M 100 4 Ms B ldg& R d’27-’45 J&D20 ______ H ackensack— 4M® 1942.F & A 4 Ms Im p 1927-1942____ J&J 6 B a s is . / F la t p r ic e , n N o m in a l, o T a x - e x e m p t ; u n d e r a l a w a p p r o v e d M a r c h 13 1 9 0 9 , a n d w h i c h w e n t i n t o e f f e c t S e p t . 1 1 9 0 9 . b o n d s I s s u e d a f t e r t h a t d a t e b y m u n i c i p a l c o r p o r a t i o n s a r e t a x - e x e m p t a n d t h e s e , a c c o r d i n g l y s e ll o n a b e t t e r b a s is . 53 STATE AND MUNICIPAL BONDS Harrison— 4s 1930________J&J H oboken— 4 M s 1940_____ J&J 3M s 1931....................... M & N 5s School 1 9 2 8 -1 9 5 4 -..J&J Hudson C o— 4 Ms 1 9 4 8 ..A & 0 4M s M a y 1 1950_____ M&N 4s g Park 1959 & ’ 5 4 . . M&N 4s gold refunding 1935.P& A 4M s July 15 27-’3 4 ..J & J 1 5 4M s July 15 ’ 35-’7 4 ..J & J 1 5 Irvington 5s School '6 3 —J&D Jersey C ity— 5 Ms School 1942-1953.A&O 5M s D ec 1 1931-1933.-J& D 4M s School 1927-58— .J& D 4 Ms Refunding 1928___J&J 4 Ms School 1945______ J&J 4M s W ater 1961______ A&O 4M s Park M ar 1961___M&S 4 Ms 1927-30----------------J& D 4 Ms 1931-1963________ J& D 4s W ater 1932_________ A&O 4s Refunding 1949____ F& A Keansburg 5 M s----------------------Kearny 4 Mis 1936------------ F&A 4M s April 1 9 6 2 ............A&O 4 Ms Water 1931-1962.M & N 4 Ms Sch Im pt '27-’ 5 2 .J & D Lodi— 5s 1928-1947-------- -J& J Long Branch 5s 1943____ M&N 4s June 1 1935-------------- J& D Lyndhurst 5s 1927-1957.-J& J Mercer C o— 414 s 1933___J&J 3s R oad 1933----------------J& D 314s April 1941________A&O 6s R oad& B dge ’27-’3 4 .F & A Middlesex Co 414s '2 8 '3 4 .J & J 6s R oad 1927-1931____J& D 414s Fund July 1927-1939— 414s R oad 1 9 2 7 -4 4 ..-F & A 2 414s Im pt 1927-32------ A&O 314s Bridge ’28 to ’3 1 . -J& J M onm outh C o— 414s 1921-1954____ M&S 15 4 Hr R d& B dg ’29-’ 51F&A15 M ontclair 414s Sch 1941-A & O 414s High Sch B ldg ’4 4 . J& D 314s School 1932______ J&J Morris C o— 4s ’35 op t '0 5 .J&J 414s 1942 op t 1922------ J&J M orristown 414s ’27-’42__J&D Newark— 414 s 1944-------- F&A 514s Oct 1 5 ’27 to ’59 A & 0 1 5 5s 1927-1958------------------J&J 414s D ock 1959______ F&A 414s Apr 15 ’2 7 -'6 1-A & 0 15 414 s School D ec 1 '4 5 . _J&D 4s Sch House 1959 opt 1949 4s Pas Val Sew’61 o p ’51 J&D 314s 1929______________ J&D 314s Track E lev 1954.F& A Vallsburg 414s 1934— J&J New Brims wick— 414s Aug 1 1927-57— F&A North Bergen 5s 1941— J& D 6s School 1927-29------ M & S 6s School 1930-58____M & S North Plainfield 5s 27-54.A&O Nutley 5s 1933___________ J&D Ocean C ity— 5s 1944------ F&A Orange— 5s 1928 to 1932.J&J 5e W ater 1938_________ F&A 414s School 1943______ J&D 414s Sewer 1928-1964.A&O 4s School House 1934. .J& D Passaic 4 H s 1927-40------ M&S 514s Gen Im p ’27-’28— J&D 514s Gen Im p ’29-’44— J&D 514s Gen Im p ’45-’51—J&D 5s Im p 1927-1948____ M&N 414s Refunding 1 9 4 4 .-M & N Passaic Co 4 Ms ’27-’28— J&J 4M s 1929-1930_________ J&J 4 Ms 1931-1936_________ J&J 4M s 1 9 3 7 -1 9 4 6 .............J&J Paterson— 514s 1927-1934............M & N 514s 1935-1959______ M & N 414s 1933 to 1944____ M & N 414s Feb 1 1945______ F&A 4s N C Hall 1927 to ’32 J&J Perth A m boy 414s Apr 1944— 4Ms W ater 1927-29—M&S2 4M s W ater 1930-34— M&S2 4 Ms W ater 1935-64— M&S2 414 s School 1938----------------414s Funding 1927 — A&O Plainfield— 4s 1927 to’3 4 .J & D 4s School 1959________M & N 414 s 1927-1962 various-------Ramsey 5s W ater 1927-1940— Red Bank (B orough)— 414s 1927-1953______ M & N R idgefield 5s July ’ 27-’31.J& J Riverside 5s 1927-1933.-A & O Sea Isle C ity 5s 1943____ F&A Sou Orange— 4s '27 to ’4 4 .J&J Summit 414s Sch 1941— F&A 4s 1933_______________ M & N Trenton 514s 192 7 -1 95 1 .A & 0 414s W ater 1943______ A&O 4 Ms School 1 9 3 0 -6 0 ..-M & S 4s C ity Hall 1939_____ J&D 314s Sch N o v 1 1929— M & N Union C o 414 s 1937_____ M &S 414s 1942______________M & S 4 Ms R oad& B dge’27-47 F&A 4M » Park 1927-’ 35—J& D15 4M s Park 1936-’ 37— J& D15 4s O ct 1 1942__________ A&O Vallsburg— See N ewark. Weehawken 414s 27-’28.J& D W estfield— 5s June 15 1927-’6 0 — J& D W est N ew Y ork 5s 1 9 3 6 ..M &S W ildw ood 414s 1927-’5 7.F & A 4.20 4 20 4 35 4.35 4 35 4.25 b b b b b b b b b b 4.10 4.15 4.15 4.10 4.10 4.10 4.05 4.05 4 10 4.05 to to to to to to to to to to 4.20 4.30 4 30 4 20 4.20 4.20 4.15 4 15 4.35 4.20 4.20 4.20 % % % % % % % % % % 4 30 4.50 4.65 4 65 4 65 4 65 4 50 4 25 4.25 4 25 4 25 4.25 4.2 j 4 20 4 20 4.20 420 4 20 4.20 4.20 4.20 4 20 4 30 4.30 4 20 4 20 4.15 4.55 4 55 455 4.55 45 4.55 4.35 4.35 4.35 4.65 4.40 4.65 4.70 4 4.35 4.35 4 35 4.15 4.15 4 15 4 15 415 4.1o 4.15 4 15 4.15 4.15 4 15 4 50 450 4 50 4 50 4.50 4.50 4.30 to 4.25 % 4.40 4.55 5 5 Bid. A sk. To Net NEW Y O R K . 4.30 4.30 4 30 4 15 4 15 4 15 4.15 4 15 4 15 4.15 4.30 4.85 4.55 4.55 4.55 4.55 4.60 4.60 4 60 4.70 4.15 415 4.15 4.15 415 4.15 4.15 4.15 4.15 4.15 d N ow part o f New Y ork C ity . B on ds. 4.25 4.35 4.35 4.35 4.20 4.20 4.20 4.20 4.20 4.20 4.40 N EW M E X IC O 4M s R e f 1953 opt 1933. .J& J 414s D ec 16 1952 op t ’22 .J & D 4s Fund 1939 op t 1919. M&S 4s Highway 1927-1944.. .J& J b 4 % Albuquerque 414 s 1929- M&S 5s W W D ec 1962____ J& D Bernalillo C ounty— 5s 1931 op t 1921..... .......... — Socorro Co 5s '41 op “21— A & O & Basis, To Net. Bid. B on ds. 5s M ar 1 1927-1971_____ M&S b 4 % 5s Jan 1 1928-1971.............J&J b 4 % 4M s Highway 1963_____ M & S 111 4 Ms Canal 1964__________ J&J 111 4M s Canal 1965........ J&J 106M 4M s Highway 1965_____ M&S 106M 4M s Barge Canal 1945___J&J 104 4M s Bonus 1927-1930___A&O b 3.90 4 Ms Bonus 1931-1939...A & O b 3.90 4M s Bonus 1940-1949...A & O b 3.90 4s Canal Term 1942_____ J&J 101 4s Canal Term Jan 1 9 4 6 ..J&J 101 4s g High Im p M ar ’5 8 .-M&S 102 4s g High Im p Sept ’5 8 . . M & S 102 4s High Im p M ar 1960___M&S 102 4s Canal Im p July 1 9 6 0 .-J& J 102 4s Canal Im p Jan 1961___J&J 102 4s Canal Im p July 1961. .J& J 102 4s Highw Im p M ar ’61— M&S 102 4s Palisade Park 1961___M&S 102 4s Canal Jan 1962________ J&J 102 4s Highw Im p M ar '6 2 . . M&S 102 4s Canal Im p Jan 1967___J&J 102 4s Highw Im p M ar '6 7 . . M&S 102 4s Palisades Park 1 9 6 7 .-M&S 102 4s Bldg constr ’27-’30___ M & S b 3.90 4s Bldg constr ’31-’3 9 ___ M & S b 3.90 4s B ldg constr ’40-’4 9 ___M & S b 3.90 4s Grade Cross &c ’27-28.M & S b 3.80 4s Grade Cross &c ’29-33 .M &S b 3.80 4s Grade Cross &e '34-36.M & S 3s g Jan 1 1956___________ J&J 3s g July 1 1958__________ J&J 3s g Canal Jan 1 1959____ J&J A lbany— 4M s ’27-’2 8 ___ J& D b 3.75 4 Ms W ater 1 9 2 7 -3 4 ..M & N b 3.75 4 Ms O ct 1963_________ A&O 4M s W ater 1932_____ M&N 4 Ms 1927-1954________ J& D b 3.75 4s M unlc & Sch ’27-’63. J&J b 3.75 4s Park 1927 to ’30— -M & N b 3.75 3M s Pub Im p '2 7 -’3 4 — F&A b 3.75 A lbany C o 4 Ms 1936-38 M&N Allegany C o 4 M s'3 2 -’36.M &S Amherst— 4M s 1927-29..M & S b 4.05 M&S b 4.15 4M s 1930-1955_____ Amsterdam 5s W at 1927-37 — b 3.85 Auburn 4M s D ec 6 ’27-’31J&D b 3.75 4 Ms 1927-1934________J&J b 3.85 Bingham ton 4s '28 & ’2 9 . F&A b 3.85 4s Sew D isp ’27-’36___F&A b 3.75 4M s 1927-1956____________ b 3.80 4M s 1927-1971_________ var. b 3.80 4 Ms Park 1927-’37____ J&J b 3.80 3 Ms Bridge 1935_____ F&A B rooklyn— d— • 3M s g 1927 to 1937____ J&J b 3.85 3 Ms gold 1936_________ J&J B room e C o 5s '2 7 -’33___M&S 5 3.85' B uffalo 4 Ms 1944_____ J& D15 4M s June 15 1964— -J& D 15 4M s 1927-1968________J& D b 3.75 4M s Feb 15 ’62 o p '3 2 .F & A 4s June 15 1927-‘3 0 .._ J & D 5 *3.75" 4s June 15 1960______ J& D 3M s Park R eg 1927-— F&A 3 Ms W ater 1927-35— M & S b 3.75 Cohoes 6s R e f W at ’27-’45 J&J b 4.15 Corning 5Ms 1927-’6 0 — M&S b 4.10 Cortland C o 4M s '27-’51.J& J b 3.85 Delaware Co 4.20s’27-’52 A&O b 3.85 Elmira— 4s 1935_________ M & S 4M s W ater 1927-’4 5 —A& O b 3.85 4 Ms Apr 1 1933-1935______ Erie C o 4M s ’27-’36 tax-ex J&J. 5'3.75* 4s 1945-1953__________ M & S Franklin Co 4 Ms ’31-’40 M&S 5 "4.*15" Freeport 4.20 Ser’31-45M &N 4.20 sewer 1946-1960.M & N Fulton— 3.40s ’27 to ’2 9 .J & D b 3.90 Garden C ity 4 Ms 1927-52 -J&J b 3.90 Glens Falls— 4 Ms ref sewer A ug 31 1927-1928_____ F&A b 3.90 Groton 6s W at '2 7 -’50— M&N b 4.25 Haverstraw 4.12s ’27-’37 M & S b 4 % Hempstead Un F S D N o 1 5M s 1927-1929...............J & J b 4 % 6s 1927-1930 ................... M&S b 4 % 6s 1931-1954 .......... M&S b 4.25 Herkimer— 4M s 1927___M & N Hudson— 4 Ms High Sch ’2 7 -3 2 .A & 0 b 3.90 Irondequoit 5s ’29-’ 53___J&J b 4.30 Irvington 4.10s ’27-’36— A&O b 3.90 Ithaca 4.30s '27 op va r___J&J 4M s R e f W ater 1942___J&J Jamest’n 4s M ar 20 '4 3 .-A & O Jamestown S D 5s 1927-’29___ b 3.85 5s 1930-1939__________ J&D b 4.15 Johnstown 4 Ms D ec 1927-’3 7 . b 3.85 dKings Co 4s M a y 1 ’27-'4 4 ---- b 3.85 Kingston 3 Ms g '2 7 -’36— A&O b 3.85 L ockport 4 Ms 1927-1944_____ b 3.90 4 Ms Sch 1927-1944_________ b 3.90 M adison C o 4 Ms ’27-’29 Feb 1 b 3.90 M am aroneck (T )4 M s’30-64J &J b 4.10 M am aroneck Un F S D N o 1— 5M s M a y 1 ’27-’28— -M & N b 4 % 5M s M a y 1 ’ 29-’ 52____ M&N b 4.20 M iddleport 4.35s ’27-’4 2.J & D b 4.10 4.35s Sewer ’27-’3 9 ____ J&D b 4.10 M iddletow n 3M s 1931___F&A M on roe Co 4s 1931-44___F&A b 3.95 M t Vernon 4M s ’31-’4 3 — A&O b 4.05 5M s 1927-1934...............A&O b 3.95 5M s 1935-1941 — ..........A&O 4M s W ater 1942______ J&J b 3.80 4M s 1 9 2 7 -1 9 4 3 ............... 4M s School 1962-’73— M&N 4s Sewerage 1 9 5 0 -5 5 ..M&N 5s Jan 2 1927-1928____ J&J2 b 3.90 5s Jan 2 1938-------------- J&J2 Nassau C o— 4 Ms ’27-’29.J& J b 3.75 5s Aug 1 1928 ................F&A 5s 1931-1939__________ M & N b 4.05 4M s R e f 1 9 2 7 -1 9 2 8 ...M & S b 3.75 4M s 1938-1943________J& D 4M s 1927-1946________M & S b 3.75 4M s 1935-1946_________ J&J 4 Ms 1928-1937_________ J&J b 3.85 3 Ms C ourt House '3 0 .M & S Newburgh 4M s ’27-'3 4 — F&A b 3.85 4M s W at Im p 1927-41.J& J 6 3.85 4s W at Im p 1942-63___J&J /F la t price, n N om inal. 3 .90% 3 .90% 112M 112M 108 108 105M 3 .8 0 % 3 .8 0 % 3 .85% 1Q2M 102 M 103 M 103M 103M 103M 103M 103 H 103M 103M 103M 103M 103 M 103M 103M 3^80 3 .80 to 3 90 % to 3.90 % 3.80 to 3.90 to 4 % 4.05 4 to to to to 4% 4% 3.95 4% to to to to to to to to to to 4.15 4.30 4.20 4.10 4.20 3.95 4.05 4.05 % 4.05 % 4.05 % 4 4 4.15 to 4.10 % 4.10 to 4.15 V o 4 4.05 to 4.05 % 4.05 to 3.95 % 4 3.80 to 3.95 % to 4.45 % to 4.35 % to 4.15 % to 4.15 % 4.10 to 4.10 % 4.10 to 4 % 4 to 4.20 % 4.15 4.1.5 to 4.10 to 4.20 % to 4 % to 4.60 4 .25% to 4.20 % to 4.25 % to 4.35 % 4 to 4.20 % to 4.35 % to 4.20 % 3.85 4.15 4.10 to 4.10 % to 4.20 % to 4.20 % to 4.10 % to 4,10 % to 4.20 % to 4.20 % to 4.10 % to 4.15 % to to to to 4.10 4.30 4.40 4.40 % % % % 4M to 4 % to 4.10 % to 4.20 % 4.25 4.10 to 4.10 % 4.10 4.05 to 4 % 4.20 to 3.95 % 3-90 to 4.10 to 3.85 4.05 to 4.05 % 4.05 to 4.05 % 3.95 to 4.15 to 4.15 4.10 [V B on d s. ol Bid. N ew R ochelle 5s 1927-29.M&N b 3.85 5s 1930-1950__________ M&N b 4.10 4 Ms M un Im p ’ 27-’35.M &N b 3.80 4s 1927-1930__________ M&N b 3.75 3M s 1927 to 1933_____ J& D b 3.80 N ew York C ity— 4 Ms June 1965...............J&D 106M 4M s June 1927-30____J&D b 4.15 4 Ms 1963______________ M&S 10 > 4M s (old) M a y 1957. .M &N 105M 4M s (new) N o v 1957-M & N 105M 4 Ms C orp stock 1967. .J& J 106M 4M s C orp stock ’27-’32.J& J b 4.15 4M s C orp stk 1971..J& D 15 106M 4 Ms Sch & Var ’27-’39.J& D b 4.20 4M s 1960 opt 1930____M&S 100 * 4 Ms 1960........... M & S 102M 4M s M ar 1 1962______ M&S 102M 4M s M ar 1 1964______ M&S 102M 4 Ms April 1965________ A&O b 4.20 4 Ms April 1 1966..........A&O 102M 4M s A pr 15 1972— A & 015 102M 4M s R ap T r & W at ’74 J& D 102M 4M s Feb 15 1927-’66 F&A15 b 4.20 4 Ms Feb 15 1 9 7 6 .. F&A 15 102 M 48 Various 1936______ M & N 98 M 98 4s N o v 1955__________ M & N 98 4s Various 1956______ M & N 4s Various M a y 1 9 5 7 .M ' N 98 M 98 M 4s N ov 1958__________ M & N 4s M a y 1959__________ M&N 98 M 3M s D ock 1927 e x ...M & N b 4.10 3 Ms g exem pt 1 9 4 1 .-M & N b 4.20 3 Ms exem pt 1942____M & N b 4.20 3M s R T 1948-1950— M & N b 4.20 3 Ms g exem pt 1 9 5 2 ..M & N 89 M 3 Ms g exem pt 1953—M & N 89 M 89 M 3 Ms g exem pt 1 9 5 4 .-M & N 3M s g W ater ex ’ 54—M & N 89 M 3 Ms exem pt 1955____ M & N 3 Ms stock Apr 1 1954. A&O 89 M 3M s N o v 1 1929_____ M & N b 4.10 3s g R T 1950 exem p t.M & N N iag Falls— 5 Ms ’4 1 -4 8 M&N 4.1 0 % Sewer 1935-50 J&J 4 Ms W at M a y l ’41-’48 M&N 4 Ms R ep av ’29-’33 reg M&N b 4.10 4 Ms Sew ’39-’46 re g ..M & N 3M s 1942-1945________M&N N orth Tarrytow n (b) 4 Ms W ater 1927-45...A & O b 4 % 4 Ms W ater 1946-64___A& O Oneida— 4s W ater ’40-’45-J& J 4 Ms W ater 1930-39____J&J b 4 % Oneida C o 3 Ms ’27-’2 8 — F&A b 3.75 Onondaga C o 3s ’27-’29— J&J b 3.70 5M s 1927-1930________M & N b 3.85 4s M arch 1 1929______ M&S Ossining 4M s 1927-42___M & S b 3.90 Oswego— 4M s 1927-29. .M & N b 3.90 5M s School 1927-46. . M&N 6 4 05 Penn Y an 4.35s ’27 to ’3 1 -O c t b 4 % Poughkeepsie— 3M s 1927 to 1930____ M & S b 3.80 4M s W ater 1927-52— .J & D b 3.85 P ort o f N Y A uthority— N Y N J B dge 4 Ms ’32-’39.M & S 100M 4M s 1940-1946 ________ M&S 101M Putnam C o 4M s ’27-’2 9-F & A b 3.90 Queens C ounty 4s 1 9 2 7 ..J&D Rochester 5s ’27 31(coup)F & A b 3.80 5s 1932-1951 (co u p o n ).F & A b 4M 4M s Jan 15 1933______ J&J 4M s M unicipal 1945— M&S 4 Ms Pub Im p ’27-’4 8 — F&A b 3.75 4M s School 1927-45___J&J b 3.75 4M s 1927-1936_________ J&J b 3.75 4s Im p Sch &c ’28-’47— J&J b 3.75 3 Ms R e f 1933 op t 1913. J&J R ockland C o— 4s ‘27-’3 4.M & S b 3.80 4M s ’27-’38 (reg)___F&A15 b 3.90 R om e— 4 M s S e p t 15 1931.J&J 5M s 1931-1941________ A&O R ye(V )5s M ar 10 ’27-’38 M&S b 3.90 Saranac Lake 4.45s’27-’39F&A b 4.05 Saratoga C o 5s 1927-1941____ b 4.05 Saratoga Springs— 4 Ms Parh 1927-40____ A&O b 3.85 Scarsdale 4M s 1927-’45_J& D b 3.85 Schenectady 5s 1927-’33— J&J b 3.80 . .... 4M s 1927-1931.......... ..A & O b 3.80 4M s 1927-1934_________ J&J b 3.80 4s O ct 15 1927-’4 4 ___A&O 15 b 3.75 Schenec C o 4 Ms ’42-’ 58—J& Jl______ Solvay 4M s 1927-’4 0 ____F& A 6 4.05 Somers (T ) 4M s ’27-’ 5 3.M & N b 4.05 Steuben C o 4M s ’28-’37— F & A h 3.95 Suffolk C o 4M s 1927-’32— J&J b 3.75 4M s Oct 1927-1939...A & O b 3.75 Sullivan C o— 4 Ms ’27-’29 A&O b 3.95 4M s H ighway 1930-45. A&O Syracuse 4M s 1927-’35 Various b 3.75 5s M a y 15 1927-1938______ b 3.80 5M s 1927-1960________M & S b 3.80 4M s June 15 ’27-34.J& D 15 b 3.75 4M s 1927-1944________M&N b 3.75 4s June 15 1927-’4 4 —J& D15 b 3.75 4s R efunding 1929____ J&D 4s 1927-1930__________ F&A b 3.75 4s 1931-1946__________ F&A b 3.95 3M s Water 1928______ J&J Tioga C o 5s 1927-1930— -M&S b 3.95 Tonawanda (C ity o f) 4 Ms 1928-1942______________ J&J & 4% 4M s Sewer 1927-1953—J&J b 4.05 5s W ater 1927-1950____ J&J b 4.05 5M s W ater 1927-1950—J&J b 4.10 5M s Street im pt 1 9 3 1 .-J& J T roy 6s 1927-1940 re g ..A & O b 4.05 4M s School 1927-31___F&A b 3.85 4 Ms Feb 15 1927-1957_____ b 3.90 4M s 1927-1965_________ J&J b 3.85 3 Ms W ater 1927-36____ J&J b 3.80 U tica— 4 Ms 1927-35____ M&N b 3.80 4M s Pub Im p ’27-’42— A&O b 3.80 4M s P ub Im p ’27-’4 5.J & J l5 b 3.80 4.10s 1927-1931______ A&O b 3.80 4.10s 1932-1946______ A&O 3M s N o v 1 1927-’3 5 — N o v b 3.75 W arsaw U nion Fr S D N o 10— 4M s 1927-1942..............O c t b 4 % W atertown 4M s 1942____ J&J 4M s 1927-1953. — ..........J&J b 3.85 5s 1927-1945___________ J&J b 3.90 4s M a y 1938__________ M&N 3M s Sewer 1927 _____ M&N . 121 -. A sk. to to to to to To N et• 4.05 4.20 4.05 4% 4.05 106M 106M 106 106 106M 100M 102M 102 M 102 M 162 Vs 98 M 98 M 99 M 99 M 4 10% 4 10% 4 10% 90 M 90 M 90 90 — 90 — 4.20 4 4.15 to 4.20 % 4.20 4.05 4 .20% to to to to 4.05 3.85 3.90 4.10 to to to to 4.20 4.15 4.20 4.25 4.20 4.05 % % % % 3.90 % % % % to 4.05 to 4.15 101M 102M to 4.10 3.85 to 4.10 % to 4.15 % 4 4 to 4 % to 4 % to 4 % to 4 % 4 to 4.10 % to 4.20 % 4.15 4.25 to 4.20 % to 4.35 % to 4.20 % to to to to to to to 4.15 % 4.15 % 4.15 % 4 .0 5 ,% 4.05 % 4.05 % 4.05 4 .3 5 !% 4.35 % 4.10 % ~ 4% 4% 4.10 % 4.20 4% 4 .in 4.15 4% 4% 4% 3.90 3.95 % 4% 3*80 4.20 % to to to to 4.30 4.35 4.35 4.40 to to to to to to to to to 4.35 4.10 4.20 4.15 4.10 4.10 4.10 4.10 4.05 to to to to to to to to to to to to to to to 4.05 % % % % 4.35 % % % % % % % % % 4.10 % to 4.30 % 4.15 to 4.15 % to 4.20 % 4.10 3.80 Bid. B onds A sk. To N et. W atervliet 6 s 1927-30____Var b 4.05 to 4.30 % 4.00 J&D 6 3.75 to 3.85 % % J&D b 3.80 J&D b 4M to 4.15 % J& D b 4.05 to 4.15 % 4.05 4.10 4 Ms Co Bldg 1927-44 A&O b 3.75 % 4s C o Bldg 1927-59 M&S b 3.75 to 4 % 4s 1930 to 1935 P&A b 3.95 White Plains— 4s ’27 '28 P&A 99 M 100 4M s 1935-1959 (reg) M&S b 4.20 % 5M s Sch 1931-1936-. A&O 64.20 to 4.25 % 4.05 3M s W ater 1931 A&O W olcott 41^s Jlv 15 '2 7 -’42J&J 6 4.05 to 4.35 % Vonkers— 5M s Jan 1928 1961 A&O 6 3.90 to 4.20 % 414 s July 1 1927-62 A&O 6 3.80 to 4.10 % 4 Ms M ar 1 ’27-’56 A&O 6 3.80 to 4.10 3.85 5s April 1 1927A&O 5s 1927-1938__________ A&O 6 3.85 to 4.15 % N O R T H C A R O L IN A 4.30 5s July 1961 4.20 4M s School 1928-46 J& j 4.20 4 Ms 1928 1962___________ J&J 4.15 4b Refunding 1950 - J&J 4.15 4s Building 1951.. J&J Albemarle 6 s 1927-38 F&A 6 4.50 to 5.15 % 4.55 Asheville 5s R ef 1941 J&J 4.55 5s School 1943 J&J 5 Ms 1927-1957 J&J 6 4.20 % 5M s Street 1927-36 F&A 6 4.25 % 4M s 1927-1929 M & N 6 4.25 to 4.40 % 4M s 1930-1965 M &N 6 4.45 to 4.5l) % Buncombe Co 5s ’27-’46 .J & D 6 4.25 to 4.55 % W estch'r C o 3M s ’27&’28 5 Ms 1927-32 reg 5s 1 939-76.. 5s June 1 1929-54 6 s Bridge 1928-37 A&O Charlotte— 5s St&Sew’29 J&J 6 s School 1 9 2 7 -4 6 -.- _F&A 5M s Fund 1927-29 F&A 5M s 1927-1930 M&N 5M s 1931-1948 M&N 4 Ms W ater M ar 1Q35 .T&l 6 4.50 to 4.70 % 4.25 6 4.20 to 4.40 % 6 4.25 to 4.35 % 6 4.25 to 4 .3 5 % 4 Ms W at & Sew 1942 .T&J Ourham -414s Sew&T.t'4i .T& .T 4 Ms Fund ’27 to 1940* j & j 6 5s Water 1928 to 1945 J&J 6 5s Fd & Sewer ’ 27 '3Q F&A 6 Granville C o 4 Ms '39 M&N Greensboro— 5s W W ’3n .T&l 5s A ug 1 1942 W F&A 4 Ms 1928-1963 J&J 4 M s l9 2 7 -’30 . . F&A 6 4Ms_1931-’65 __________ F&A 6 4s W ater W orks 1954 .T&.i Greenville 5s W W ’58 P&A Iredell C o 5s Aug 1 ” ’49 p&A 4M s 1929-1939. __ *A & 0 6 4 Ms 1940-1950 A&O Lee C o 5s Road 1952* M&N Lincoln C o 5s 1943 & '48 .T&.T 5s Bridge 1937-1951 "F&A M ecklenburg C o— 6 s R ef N ov 1950 M&N Pitt C o 5s 1927-36 M&N 6 4M s 194 3 -1 94 7 --- . M & S 5s Fund June 1959 J&J Raleigh 5s 1927 . A&O 6 s M unic Bids: 1939 .T&.T 5s Im pt June 1 1944 .T&’n Rutherford C o 5s ’27-’52 * J&J 6 Salisbury 6 s Im pt ’2 7-’35 J&J 6 6 sl9 2 7 -1 9 4 1 _________M&N 6 Surrey C o 6 s M a v 1933-1958 Wake C o 5s Fund 1948 .T&.T 6 Weldon 6 s Jan 1928-1942* Wilmington— 5s R ef & Im pt 1955 A&O 4Ms 1 92 7 -1 96 2 --. A&O 6 4.20 to 4.20 to 4.20 to 4.20 to 4.40 to 4.30 to 4.50 4.35 4.35 4.35 4.45 4.4 5 ,% 4.55 % 4.55 % 4.50 4.40 4.55 4.40 4.35 % 4.45 % 4.45 4.75 4.50 4.45 % 4.45 4.65 4.65 4.65 4.20 b 4.20 to 4.35 % 4.20 b 4.20 to *4.35 % 6 4.20 to 4.25 % ■ 30 1 4 30 6 4.15 to 4.30 % 4.30 4.30 6 4.25 to 4.35 % 3.80 6 3.80 to 4 % b 4.30 to 4.50 % 6 4.50 % Bid. B onds A sk. Cincinnati (Concluded)— *4 Ms Sew Sept 3 ’3 7.M & S 3 3.65s g Feb 1937 - . F&A * 6 s 1932-1933___ .. . J & D •5Ms Pub Hall 1 9 7 0 .-J & D *5s W W 1936-1968 J& D *4 M s Grad Cros ’30-’54 A& O *4 Ms Paving 1929-34 J&D *4 Ms St Im p Feb 1 ’3 4 .F & A 4 Ms Park 1938____ ..A & O *4 Ms 1927-1935______ M & S *4M s 1936-1950 _____ M & S 4s Park 1929-1931 A&O Cleveland S D * 4 Ms 1927-28 *4 Ms 1929 to 1935_________ 4s July 1 1 9 3 2 - - ...........J&J •6 s 1927-1928- J&D *6 s 1929 to 1935____ J& D * 6 s 1927-1959 - A&O b 4.25 to 4.40 % Colum bus *6 s 1949-57 M&S 4 3C *5s St Im pt 1927-i932M&S 6 4.15 to 4.20 % *4 Ms 1929-1935.- . . M&S 4.10 4.15 *4M s 1936-1938______ M&S 3.80 3.80 3 Ms 1932 opt 1912 J&J 3.80 Colum bus 3 D — *5s 1943-1952.. . -J&D 19 4.25 6 4.15 to 4.25 % *5s Bridge 1927 A&O b 4.15 to 4.25 % •5s R ef 1927-1932 A&O 4.25 *5s R ef 1932-1939A&O 4.25 4s 1927-1941 A&O 6 3.80 to 4% •D ayton— 5s 1927-32 - M&N b 4.15 to 4.25 % 4.15 4.20 •5s W W Im p 1945 F&A 4.20 *4Ms Bdge 1927-195*1 M &S 6 4.20 to 4.20 % *4 Ms W W Im p 1940 J& D 4.20 420 *4 Ms Bdge 1933-39 -A & O D ayton S D 5M s ’41-'61 M&S 4.35 *5s M ar 16 ’27-’46- M&S16 4.25 East Cleve *5s 1927-29 -A & O 6 4.15 to 4.30 % *5s St Im pt 1930-35 A&O 4.30 3.80 Elyria 4s 1927 to 1938 J&D b 3.80 to 4 % 4.35 *5s W W 1929-1946. -J& J •Findlay C ity S D 5s 1927 J&J 4.50 Fostoria *5s "W W ’27-’40 M&S 4.60 Franklin Co *5s ’27-'29 M&S 4.25 *5M s Hos&Bge ’27-’35 F&A 6 4.15 to 4.30 % * 6 s Rd M a y 2 '2 7 ’-3lM & N 2 6 4.15 to 4.30 % Hamilton C o *4 Ms 1943 F&A 4.25 4.25 *4 Ms Oct 1 1939 - . .A & O 4.15 * 4 Ms Sewer 1927-’28 - - 4.20 3.80 4.50 b 4.25 to 4.30 % 4.30 6 4.25 to 4.30 % 4.35 to 4.50 % 4.40 to 4.40 % 4 6 4.15 to 4.40 % 6 4.15 to 4.40 % b 4.15 to 4.40 % 3.80 6 4% to 3.80 % 4.25 4.25 6 4% 6 4.15 3.90 4.50 3.90 4.60 6 4.25 to 4.50 % 4 55 4.50 3.80 M ontgom ery C ounty— *5s FI Emerg ’27-’4 2- J& D 6 4.25 to 4.30 % 4.50 Newark *4 Ms 1927-41 A&O 3.80 N orw ood 4s 1930 - A& O 4 4.50 *6s Sewer 1 9 2 8 -3 6 .. J&J Springfield *5s 1927-1934 6 4.15 to 4.30 % 4 Ms 1927-1930_______ M & S b 3.90 to 4 % 3.80 4M s 1931-1935_____ M&S 4.30 Springf'd S D *5s '2 7 -’39 J&J2 4.50 Steubenville *5s 1927-35 M&S 4.25 4.25 4.25 4.25 *4 Ms 1927-1937 ________ 4.20 4.20 *5s Sept 1927-1942 M&S 4.20 *6s Gen Fund 1 9 2 9 - - - F&A 4.20 *6s Pub W harf 1960 -M & S •5s Sewer 1 9 4 9 .. M &S 4.20 4.20 *4 Ms Sept 1 1 9 2 8 -. -M & S 4.20 *4 Ms W at 1932-34 J&J 3.80 4 Ms Bdg ’28, ’33 & ’38 F&A 3.80 3M s R efund’g 1930 M&N 3.85 4.25 4.60 4.60 4.60 4.30 b 4.15 to 4.30 % 4s 1927-1929_____________ 4.30 *4 Ms 1927-1930 _____ A&O 3.80 *4 M s 1931-1950 - - A&O b 3.90 to 4.10 % *6s 1927-1930_________M &N 4.30 *6s 1931-1960 M&N 4 4.30 Youngstow n— 4.30 *6s Fund 1928................ A&O *6s B dg? 1932-41____ A&O 4.10 4.20 *4M s 1927-1957______ A&O 4.20 Youngstown School D ist— 4.20 *4 Ms 1944-1947____ M & S 4.15 •5s 1927-1944. . . M &S 4.10 4.10 M arket 1927-39______ M &S Zanesville S D *5s ’27-'43AiSrf> 6 6 6 6 6 4.20 4.20 4% 4.30 4.15 to to to to to 4.25 4.25 4.25 4.50 4.30 4 % % % % % 4.20 4.40 6 4.25 to 4.30 % 6 4.25 to 4.30 % 4.30 6 4.15 to 4.30 % 6 4 20 6 4.15 to 4.50 • Subject to taxation. B y an amendment to the constitution ot Ohio adopted Sept. 3 1912, State are subject to taxation. Bonds Issued prior to Jan. 1 1913 are exem pt from taxation, To N et. 4.15 3.80 3.80 3.80 4.20 3.80 3.80 4.20 4.20 4.20 4.15 4.15 4.15 4.15 4.10 4.10 4.10 4.10 3.80 3.80 4.15 4.15 3.80 3.80 4.15 4.20 3.80 4.25 4.25 Cine S D *4M s 1 9 3 4 ..A & 0 1 3 4s 1936 op t 1906 ..M & S 3M s 1940 opt 1912 -A & O 4.35 to 4.60 % 4.55 4.60 4.25 4.55 4.55 4.35 to 4.60 % *4 Ms 1927-1939_______ A&O 4.65 •4Ms Oct 1945 - _ A&O 4.65 to 4.90 % *5s Park & Im p '2 7 -’4 1 -A & 0 4.75 •Lawrence Co 5s 1 9 3 4 -- M&S 4.55 Lim a— 4.50 to 5.25 % *5 Ms Sewer 1927-1947______ *5s Sewer Feb 15 ’27-'51 . . 4.55 *4 Ms Oct '27-O ct '30 A&O 4.25 to 4.50 % 3M s R e f '30 opt '2 5 - . A&O 4.45 Lorain 5s 1927 to 1932 J&J 4.45 * 5 s W W R ef 1927 M&S 4.35 *6 s Fd Sep 15 '2 7 -'2 8 M & S l5 Lucas Co 4s C -H 1944 M&S 4.25 % 4M sW & SSepI0’27-30M & Sl0 4.30 to 4.50 % *4MsW&SSeplO'31-35M&SlO 4.55 •5 Ms W at Sup ’27-’30 M&S 4.55 4.30 % 5s 1932 opt 1922. . . . J&J 4.45 M arietta— *4 Ms '27-’33 J& D 4.45 3M s 1931 opt 1911 F&A 4;35 M artin’s F y *5s ’2 7-’44 M & S 4.40 4.25 to 4.55 % 5M s (1 to 5 yr m at’y ) . J&D 4 Ms W at & Sew 1952 .T&.T 4s g R ef July 1 192 9 -.-I.J & J Wilson — 4 M s 1927-’57 F&A 6 Winston-Salem— 6s 1927-1932-............ J&J 6 5s 1933-1936 _ J&J 5s gen impt 1 9 4 4 -. j& J 5s Sept 1927-1947____ M &S 6 4M s July 1 1 9 4 2 ... J&J 4 M sJ u ly 1 1952____ J&J 4M s 1927-1932______ J&J 4M s 1933-1973 - . J&J 6s Imp Aug 15 ’27-’30F & A l5 6 N O RTH DAKOTA 6s Farm Loan 1935. 1940 1945 and 1950______ ’ J&J 6 4.40 to 4.60 % 6M s 1945 & 1948 ser O _.J& J 6 4.40 to 4.75 % 6Ms July 1928-1933 ____J&J 6 4.40 to 4.60 % Grand Forks 5s M av ’27 ’38 4Ms 1927-1932. A&O •Akron 6s 1927-1940____ A&O *5s 1928____ Var •5s W ater 1927-1953- A& O •5Ms 1928 1929_ J&J •5Ms 1930-1937 J&J ♦5Ms 193 8 -1 95 1 --J&J 4Ms 1927-1947 . A&O •4 Ms 1936-1955 A&O •4M WWDec.31 ’27-37.JD31 *4 Ms 192 9 -1 94 6 -.4s Water Works 1942 A&O Alliance 4 Ms 1927-1932 J& D *5s W ater D ec 15 1927-1950 Ashland— *5M s W W Im p '2 7 -’44 A&O Butler C o— *4Ms Fl-Elm er ’27-’31 M&N Cambridge— 4 Ms '2 7 -’34 J&J •5s Sewer 1953_______ M &S •5s Sewer 1931-37____M & S Canton— *5s Sew 1953 M & S *5Ms Fund 1927-37___J&D •6s W ater 1944-1959.-A & O 4Ms W ater-W ks ’30 M & S 4 s l9 2 7 ______ ______ F&A •Canton S D 5s 1954 A& O 8 •6s D ec 10 1927 - J&D10 *4Ms D ec 5 1939-42.- J&D •4.40s 1956_________ Cincinnati— •6s Funding 1928..........F&A •5Ms Imp Mar 1 9 4 1 .-M&S *5Ms Imp Feb '46, '51 F&A •5Ms M ar 10 '3 1 ---M & S 1 0 *5s July 1 1 9 6 5 -............. J & J •4Ms July 1943.............. J & J •4 M s Sewer 1955 _ _ A&O 53 STATE AND MUNICIPAL BONDS Ja n . 1927.J , Bid. B onds A sk. OKLAHOM A 4M s Oct 15 1 92 7 -3 3.-A & O 15 6 4% 6 4% Tc Net. % % 4.56 4.60 5s 1937 opt 1922 - - -F & A 4.40 4.40 4.40 4.40 4.40 4.50 5s 1926, 1930, 1 9 3 1 -- -V ar Okla C o 4 Ms '27-’33 . . J& D 6 4-25 to 4 -40 % 4-60 Payne C o 4M s '27 to '29 A&O 6 4 % to 4.50 % Tulsa 5M s 1927-32______ F&A 4.60 5 Ms July 1946 .F & A 4.60 4.60 5s *1933-1947. _ • - - F&A 6 4.40 % OREGON 4 Ms H ighway '27-A pr'44 A&O 6 4.15 to 4 25 % 4M s 1927-1944 (s-a) . -A & O 6 4.15 to 4.25 % 4-20 4 20 4s H ighway 192 7 -4 2.- -A & O 6 4 10 to 4.20 % 4s H ighway 1927-41 -_ A&O 6 4.10 to 4.20 % 4s A ug 1 1928-1933-. -F & A 6 4.10 to 4.20 % 5 4.99 5 5 Ms 1927-1949 ______ J&J Baker C ity 5s 1 9 3 4 -- ..M & S 4.80 4.80 5 4.60 M ultnom ah C o 4 Ms '3 2 - J&D 6 4.20 to 4.25 % 4 Ms Bridge 1931-1944 J& D 6 4-20 to 4-25 % 4 Ms 1949 1956______ F&A 99 M 100 4s Bridge 1 945-1955-. J& D 6 4-20 to 4 25 % 5s R oad 1927-1939--.M & N 6 4.20 to 4.30 % 4 Ms Sewer 1936 . F&A 4M s July 15 '2 8 -’39 J&J15 4s July 15 ’40-’45 J&J15 Portland 5 Ms 1928 F&A 5s H arb D ev 1927-50-M & N 4 Ms D ock 1943 ___ M&N 4 Ms O ct 1927-47 A&O 4s W ater 1937_______ M & N 4s W ater 1 9 3 6 -1 95 5 ---M & N Pt o f Astoria 5s Har '27-29J&J 5s R efg 1955 - - J&J 6 6 6 6 6 6 4.15 4 -30 4.25 4 25 4 25 4 25 to to to to to 4.45 4.40 4.40 4 40 4.40 P E N N S Y L V A N IA 117 5s July 1 1951 Series C - .J & J 115 4M s D ec 1 1 9 5 1 --- -J& D 106M 4M s July 1929, 1934, 1939, 1944, 1949 J&J 6 4 % to 3.97 4s H ighway 1930, 1932, 1935, '37. '40, '42, '45, '47, '50. '52 99M 100M '4 8 , ’5 1 ,'5 3 - . - - _ ..M & S b 4 % 4.20 4.20 % % % % % % 5 4.99 5 4.50 4.70 to 3.97 % 4s Street Im pt 1 9 3 7 --M & N 99 M 100 M 3 Ms 1927 to 1931 _ A&O 6 4.15 to 4.25 % Allegheny C o 4M s ’4 3 -.M & N 98 99 4 M s 1927-1956 - - - A&O 6 4 % t o 4.10 % 99 98 99 98 98 99 3 Ms 1932 opt 1922 M&N 98 99 99 4s R e f 1936 op t 1 9 1 6 - - - J&J 98 99 98 A ltoona S D 4s '27 to '3 5 -A & O 99 98 Bethlehem S D 5M s '30, '35, '40, '45. '5 0 - _______ J& D 6 4.10 to 4.20 % Braddock 4M s ’2 7 -’4 4 -.M & N 6 4.10 to 4.20 % 4s 1927 to 1 9 3 5 -- - M&N 6 4.10 to 4.20 % 6 4 10 % Chester— 3 Ms 1929 _____ J&J 6 4.10 to 4.20 % 6 4.10 to 4.20 % 4 Ms 1935-1940 J&J 6 4.10 to 4.20 % Chester S D 4M s '3 2 -’47-’4 2 - - 6 4.10 to 4.20 % 6 4.10 to 4.20 % Erie— 4 Ms Sch 1927-’3 9 -A & 0 6 4.10 to 4.20 % 4 Ms R ef 1935 op t '24 J&J 6 4.10 to 4.20 % Erie S D 4s 1927-’38 F&A 6 4.10 to 4.20 % 4 Ms 1927-1937 A&O 6 4.10 to 4.20 % 4 Ms Jan 1 1936-1946- ____ 6 4.10 to 4.20 % 6 4.10 to 4.20 % 6 4.10 to 4-20 % 6 4.10 to 4 20 % 4s M a y 15 1927-1953______ 6 4.10 to 4 20 % Johnstown 4 Ms 1930___ 6 4.10 to 4.20 % 4s Building 1930 o p t . M & S 6 4.10 to 4.20 % 6 4.10 to 4 -20 % 6 4.10 to 4-20 % 3M s Sewer 1 9 3 4 . ____ M & S 6 4.10 to 4-20 % Lancaster S D 4s M a y 194 5 -- 6 4.10 to 4.20 % 6 4.10 % M c K ’p ’t S t> 4 Ms '27-'43lil& N 6 4.10 to 4.20 % 6 4.10 to 4.20 % N orristown S D 4M s 1943-J&J 6 4.10 to 4.20 % 98 98 M 105 5s Jan 1951____________ J&J 104 4 ^ s M a y 1948 _ J&J 104 105 4 Ms N ov 1 1948 - J&J 104 105 4M s Sept 16 1 9 7 5 -.- J&J 100 100 M 4s July 1 9 3 9 -. . . . J&J 98 99 4s July 1942 J&J 98 99 4s Jan 1 1946__________ J&J 98 99 4s Feh 16 1956 .T& .T 98 99 4s N o v 1 1966 _________ J&J 98 99 4s July 26 1972________J&J 99 98 314s Julv 1932 .T&J 6 4.10 to 4 20 % 3 Ms July 1 1934 .T&.T 6 4.10 to 4 20 % Phila S D 4 M s '2 7 -’4 3 -_ -J& J 6 4 1 0 to 4 -20 % 4s 1927-1942-. _ J&J 98 99 M Pittsburgh— 4 Ms '2 7 -’50 J& D 6 4 10 to 4.20 % 4M s June 1 1927____ J&D 3.75 4M s June 1 1 9 2 8 -- - - J&D 3.90 4 4 Ms 1929-1940 . . ..J & D 4.05 4 Ms 1941-1956 J&D 4s 1927......... ............... .M & N 6 4.10 to 4.20 % 4s 1928 to 1939 ............J&J 6 4.10 % 6 4.10 to 4.20 % 3M s Apr '27 to ’3 0 ---A & O 6 4.10 to 4.20 % Pittsb S D 4 Ms 1927 J&J 6 4 10 to 4.20 % 6 4.10 % 4s 1927-1928 _______ M & S 6 4.10 % 4s 1927 and 1931 6 4.10 to 4.20 % 5s Im pt. 1943-1949 J&J 4.05 6 4.10 % 5s 1 92 7 -1 95 0 --............F&A 6 4.10 to 4.20 % 4s 1927-1937_________ M&S 6 4.10 to 4.20 % 4s 1930 & 1935 __ A&O 6 4.10 to 4.20 % b 4.10 to 4.20 3 U s 1927-1932 F&A h4 . 1 0 to 4.20 % to 4.20 s % % 1 bonds Issued after Jan. 1 1913 b y m unicipalities In that 6 Basis. /P l a t price, n N om inal. 54 STATE ASTD MUNICIPAL BONDS B onds Bid. W ash’n C o 4 M s ’27-’3 4 - M&S 4s 1927-1933 .......... __M&N Wilkes-Barre 3 Ms’27-’29 F&A 4s 1928 to 1935 _____ . J&J 4M « Im p ser I '2 7 -’3 8 -A & 0 4M s 1931-1940 __ J&J 4M s Im pt 1940-1945. J&J Wmsport 3 Ms ’29op ’0 9 .M & S Pork 4M s 1 92 7 -1 94 3 .-- P&A Pork C o 3 Ms '27-'32 . M & N R H O D E IS L A N D ts Charit Inst 1965_____ M & S 3 Ms gold S H 1934____ J&J Bristol— 3M s g 1930 . . . M & S Cent Palls 4s ’27-’30 F&A Cranston 4 Sch 1928-1966 J&J N P rov’ce 4s J-ne 15 ’4 7 -J & D Johnston 4 Ms 1930. 193.'; 1940______ _________ M&N Lincoln— 4s 192 8 -A&O Newport— 4M s ’27-’39 M&S 5M s June 1 1927-1958 4M s M a y 1927-42- . M&N 4M s M ar 1927-35____ M&S 4s gold 1927_________ F&A 4s M a y 15 1948_____ M&N 3 M b g High Sch 1954 J& D Pawtucket— 4 Ms 1950 J&J 4M s Sewer 1 9 5 2 -. . J&D 4 Ms School 1954 M&N 4s Water 1937M&N Providence 4s 1927 A&O b 4.10 6 4 -1 0 6 4.10 6 4.10 6 4.10 6 4.10 6 4.10 6 4.10 6 4.10 6 4.10 100 96 M 96 % 99 96M 96 10 1 99M 10 1 113 100 100 99M 96M 88 M 103 103 M 99 M 97 M 99 Vi 99 4s Jan 1 1945____ J& j 98 M 4 s O c t ll9 5 4 -. A& O 98M 4s July 1956. .T&.T 98M 4s M a y 1962 M&N 98M 4s W ater 1962___ J&D 98M 4s Oct 1 1964 A&O 98M 3 Ms Sch & Br 1929 M&N 98 3s Sew & Im pt 1 92Q M&N 96 M 99 M Westerly— 4s 1§27 " M&S 97 M W oonsocket 4 Ms Pd ’41 .Tatt 102 6 s Fund 1927-1035 M&N 106M 6 s Fund 1936-1961 M&N 119M 102 4 Ms June 1927-1957” .Tatt 99 5s "Funded 1 9 2 7 - 19 5 9 A & n 107M 4s Funding 1947 A&O 95 M 8 Ms W at M a y 1 ’31 M&N 9 6M S O U T H C A R O L IN A iM s Blue 1928— .T&J 4s R efund 1952 op t 1Q32 J&J Charleston— 4 Ms 1998 a & o 4 Ms Jan 1962 .T& .T 4s Sewer 1929 A&o A sk. to to to to to to to to to to 4.20 4.20 4.20 4.20 4.20 4.20 4.20 4.20 4.20 4.20 To Net. % % % % % % % % % B on d s. Bid. /P l a t price. » N om inal. [ V o l . 124 B on d s. Bid. N ashville 6 s 1927-1942 - A&O b 4.25 to 4.30 % 5s M arch 1927-1960--M&S b 4.30 to 4.50 % 4M s Feb 1953..............F&A 5s M arch 1933___M&S 4.50 N orfolk— 6 s O ct 1 I960 A A O 5s School 1927-1945 - J& D b 4.25 to 4-50 % 4M s Street 1935______ J&J 4.40 4 Ms High Sch 1.940____ J&J 4.40 4.20 Polk Co 5s 1927-46______ J& D 4.60 4.60 4.50 Shelby C o — 4M s Sch* ’4 1 .J&J 4.50 4 Ms M u nlc 1933-'57 J& D 4.45 4.40 5s School 1929, 1939. 1949 b 4.25 to 4.40 % 5M s Aug 1 1951 F&A TEXAS. Austin 5s 1927-1942 - -J& J b 4.50 to 4.70 % 4.70 4M s 1930-1940— J&J 4M s 1941-1954— J&J 4.70 4 M % R ef 192 7 -1 94 6 ---J&J B eaum ont 5 s ’52 op ’3 2 - -A & O 4.80 4.80 5s 1927 - - _______ A&O 4.80 R ichm ond— 6 s 1927-29 J&J b 4.15 5s 1928-1930 _________ A&O 4.80 6 s July 1 1930 J&J 5s 1931-1939.............. .A & O 4.80 5s 1940-1965 ______ -A & O 4.80 4 M s S t & P k R d Sept ’29 - J&J 4s 1942 op t 1922______ J&D 4.80 4M s 1958 - _________J&J Cisco 6 s Fund 1949-62--F & A 5 4s 1927 to 1930_______ J&J 6 4". 15 5.50 Cleburne 5s W W ’52op’32 J&J 4.90 4s 1938 to 1943_________J&J Dallas— 5s 1931______ -J & D 4.30 4s 1941 - ____ J&J 5s g Aug 1928_______ F&A 4.30 4s 1943 - - J&J 5s 1927-1960____ __ M&N b 4.25 to 4.35 % 4 Ms Sch 1927-1952 M&N b 4.25 to 4.35 % 4M s 1928, 1938, 1939, 1942, 4 Ms P ub B ldg 1941 M&N 1943, 1944. 1 9 4 5 --. J&J b 4.25 to 4.35 % 4 Ms 1927-’30 . - - M&N b 4.25 to 4.35 % 4M s P ub B ldg 1944— M&N 4 Ms 1931-’45 . M&N b 4.25 to 4.35 % 4M s Apr 1952 A&O 4 Ms 1946-’65 M&N b 4.25 to 4.35 % 4s School 1927-1951 J&J b 4.25 to 4.35 % Stafford Oo 5s 1942 J&J 4.40 6 4 60 b 4.30 5 W A S H IN G T O N b 4% 4.60 5s Fund 1951 opt ’31 M & S F&A 103M 4.60 5M s Feb 1 1931 4.60 4.60 Fort W orth 5s 1951 A&O 4.50 5s 1 9 2 9 -1 9 3 4 -.- J& D 4.50 5s 1935-1959 J& D 4.50 5 Ms W ater 1934-1938 M&S 4.35 4M s Sch’49 op aft '29 J& D 4.35 4.35 5 b 4.65 5 Lewis C o 5s 1927-32 M&S b 4.85 5 5s School 1927-1954--M & S 5 5s 1 9 2 7 -1 95 6 --A&O 5 b 4.60 4M s Grad, &c, ’4 8op ’28 J&J 4s R e f 1927 op t 1 9 1 6 --M & S 5 4.10 4.15 4.25 4.45 4.25 4.40 5s B d Apr 10 ’51op’31 A&O 4.70 Grim esCo 5M sl927 A&O10 4.85 Oheraw 5s ’52 op t ’39 July j 5M s R oad r 28-’29 A&O10 Clarendon C o— 5 Ms R oad 1930-’54 A&OlO 4.85 Harris Oo 4s ’47 op ’ 17 A& O 6s M a v 15 ’36-’40 M & N ig 4.55 Columbia 5s R e f 1941 m as 4.50 4 Ms Water 1 94 5 ” " .T&.T 5s R e f Oct 16 ’4 i o p ’31 A& O 4.60 Greenville— 5a St 19 49 j& j b 4.45 4.60 6s W ater 1958opt~'38 F&A 4 Ms Sept 1927-1952 M & N b 4.45 4.50 4 Ms Oct 26 ’38 o p ’28 A&O 4 90 5.15 6s July 1946 .T&i '34, ’39, ’44, '49, ’54, ’59, '64 4.55 Port Arthur 5s 1927-56 M & S Richland C o 5s 1933 J&J 4.80 R ock Hill 5s 1951 opt '3 1 J & t b 4.70 4.45 5M s W W 1927-’35 M&N b 4.70 4.45 5Ma W W 1936-’65 M&N b 4.70 4.55 6s Sept 1 1939 5s Sept 1927-1953____ M & S b 4.70 4.55 b 4.70 5s N o v 1 1943 5s Sept 1931-1959____ - Spartanburg Co 4 Ms ’ 97 M&N 4.25 6 4.75 5s St Im p DIst N o 2 1943 Sumter C o 5s , 28-t62 J & j 6 4.55 to 4.65 % 4 Ms 1928-1967 J&J York Co 4'V s 19978-59 ” j & j 6 4.35 to 4.60 % W aco— 5s N o v 1 1934 M & N SOU TH DAKOTA 4.60 Is Rural Credit ’33 -'4 0 A&O #s Sept 1941 a j &R 4.60 4.50 6s Mr»r 15 1931-35 M & S l5 4.50 W ichita Falls 6s 1950 6s June 1 1927-39 .T&o M & N 6 4.75 4.50 6s HIghwav 1927-28 A&O 5M s 1927-1940- - M & N b 4.75 4.30 6s Jan 15 1934-40 J&.T15 5s Feb 10 1960___F&A10 6 4 60 4.40 4 Ms 1927-1955 M A N b 4M 6Ms Jan 15 1943 J&.Tig 4.60 4 Ms 1927-1960 J&D b 4M 4.65 U N IT E D S T A T E S — See pages 4.50 Bloux Falls 5s 1931 J&D U TAH. 4.65 5M s April 1 1941_________J&J Sioux Falls S I) 5s 19 3 5 A & o 4.80 5s C apitol Bldg 1934 - - - J & J TENN ESSEE 4.15 4 Ms R oad 1939 4 Ms ju lv 1 1927-67 .T&.T J&J IH a R ef 1Q9.7-RR IXr.T 4.15 4M s July 1 1939 J&J 4.15 4s Capitol B ldg 1 93 4 -- -J& J 4Ms 1938-55. .T&J _____ 4.15 4s R ef 1927-55 .T&J______ 48 1932-63 T & .T ______ 4.15 Ogden— 4 Ms 1929 J&J 4 H % 1927-1945-.. 4.75 1941. 1951 * * ’ * T&J 4 Ms R efunding 1932- J&D 4.40 4 Ms R ef W at 1933 M AN b 4.20 4.70 b 4.25 4.60 5s Audit 1927-39 * M&N 4.50 4 M s M a v l9 5 2 M&N 4 Ms M a y 1 1934— — M&N b 4.25 b 4.25 450 4 M s Park 1949 M&N 4s R ef 1927-1929 A&O b 4.15 4s R ef 1930-1935 ____ A&O b 4.15 4.80 4s R e f 1936-1945 A&O b 4.15 1929. ’34. ’39 M&N 4.80 4s R ef 1946-1965 A&O b 4-15 4.55 4.75 4 Ms Feb l 'l 9 3 2 ______ F&A 4-70 4 Ms Aug 1 1933 F&A 4-50 Salt L C o 4 Ms '27 op ’ 16 F&A 4.50 VERM ONT. 6s Anrll i 945 A &O 4.40 4M S Oct 1 1927-1949 A A O 103M 4.40 97 M 4.45 Knox C o 6s 1930-45 10 0 M V IR G IN IA 4.45 Knoxville 5s 1940 M&N 4.45 4.45 4.45 3s “ Riddleberger” 1932 _J&J 94 5s D ec 1930 79 4.45 3s Funded debt 1991____ J&J *47s Julv 1 1936-48 4.45 4.45 4.20 4 Ms ctf indebt 1933-37 -J& J 4.10 Albemarle Oo 5s 1948 __ .1&J 4 Ms 1928 J& D 4.20 Arlington Co 5 Ms ’32-’54_F&A 6 4.60 4 Ms 1929 .T&TT 4.25 4 M« 1930 .T&TT 4.60 4V£s 1921 1 .TfrTi 4.60 4 Ms 1937-1963 .T&D 4.10 Danville— 4s R efg 1 9 3 1 .-J& J 4s June 1 1Q9Q J&TT 4.50 4 Ms July 1 1939-1950 J&J % h 4.3(1 to 4-50 % 4-35 Fairfax Co 4M s 1945 .F & A 2 b 4.50 4.35 AU r P a rt 1QJ.7 T*r.T 6 4.50 4.35 4 Ms Street 1947 M&S 4.35 4V§s ^Q C R^ J&-.T 435 4 M H Park 1QSQ A&O 4.35 4.35 4 Ms W ater 1951______ J&J 4s R e f Oct 1934________J& J ______ Memphis S D 4M s 1 9 5 9 --J & J ............ ______ 4.60 6 Basis. Ask. To Net. 4M s Jan 1928-1955— J&J 4.90 5 Seattle— 5s 1927-1930 — J&J 5 6s L & P Sys 1927-41— A&O 5 5 Ms L & P 1929-43 - M&N 5s Light & P ow 1942-56A& 0 4.80 4M s Sewer 1927______ M&S 4-40 4M s Sewer 1931- - — J&J 4.40 to 4.65 % 4M s 1928-1932_______ A&O to 4.65 % 4.50 4M s 1933-1940_______ A&O 4M s 1941-1955_______ A&O 4s April 1 1 9 2 9 -.- — A&O 4.85 4.80 Seattle School DIst N o . 1— 4M s M ar ’27 to ’31— M&S 4.80 to 4.80 % 4s 1946-1950 .......... — M&N to 4.80 % to 4.80 % to 4.80 % "4M s Bridge C onst 1931 J&J to 4.80 % 4M s Park 1 9 6 2 -............J&J tp 4.85 % 4M s Bridge 1927-36- -J& J 4.25 4M s M a y 1 1931 M&N 4.60 4.40 4.40 4.40 4.40 4M s L t & Pow 1929____ J&J 4M s R efunding 1931— A & 0 to 5 % 3 Ms Jan 1 1939______ J&J to 5 % W E S T V IR G IN IA to 4.75 % 5s H ighway 1927-1946 — J&J to 4.60 % 3M s Jan 1 1939____ ______J&J to 4.60 % 16 &48 Charleston 8 D 5s ’2 ? -’52-J& J 4.20 4.15 Clarksbg S D 5s ’41 op '21 M&S 4.15: 4.15 4.15 H untington 5s 1944_____ O c t 5s Ind Sch D ’2 8-'3 4- -J& J 4.15 4 35 M artinsburg 5s ’43 op '29 D e c l 4.35 M ercer Co 5s ’44 op r24 A & 015 4.35 4.35 Parkersburg 4s W at ’29 June 4.35 W heeling 5s W W ’32-’52-J& J to 4.30 % 4s R e f 1927 to 1936___J u lv to 4.35 % W IS C O N S IN to 4.35 % A ppleton 4M s 1927-32— F&A to 4.35 % to 4.25 % Fond du L ac 4M s ’27-’3 5-M ar to 4.25 % to 4.25 % Green B ay 4 M s ’28-’3 3- J&J 6s W W 1927-1935___M & N to 4.25 % 4.35 6s W W 1936-1960 -.M & N 4.35 Jefferson C o 5s ’28-'32 -A & O 4.35 4.40 M adison— 4s O ct 1931— A&O M arshfield 4 Ms ’28-’3 2- .J& J M ilwaukee 5s 1928-1939--J& J 5s 1927-1939 — ________ J&J 5s Jan 1928-1940______ J&J 5s July 1927-1940_____ J&J 4 Ms 1928-1939— . . .J & J _ 94 M _ 4M s Park 1 9 2 7 -1 9 3 5 ---J&J 4M s 1928-1931 ____J&J 79M 4 4 Ms 1932-1945 - J&J 4 ! 4 I 4.60 Oshkosh 4 Ms 1927-34— -F& A to 4.65 R acine 4M s R e f ’2 7 -’3 0 . F&A 4 80! 6s 1927-1941 - -F & A 4.60 4.60 Superior 4 Ms Sch ’27-’44-J& J 4.40 W ausau 4 Ms ’27-’3 3 ___A&O 4.45 W ood C o — 5s ’28-’29-'31 A&O 4.45; 5s 1934 - - - - - .A & O to 4.35 % 5s 1937 and 1938 ___A&O W Y O M IN G 4 65 to 4 55 % 16s P ub B ldg 1927-28 ---J u ly Cheyenne 5s ’31 op ’ l l — F&A to 4.75 % 4.20 N atrona C o S D N o 2— 4 .TO 5s 1928-1944 _______________ 4.40| Sheridan— 6s Fund M a r 15 1 952.M & S 4 .TO, ______ 4.40 Ask. to 4.25 to 4.25 to 4.75 to 4.65 To N et 4.50 4.50 4 .50 4.66 4.55 4.45 4.50 4.40 4.40 4 .40 4.40 4.40 4 .45 4 .60 4.45 4.45 4.45 4.45 4.50 4.45 % 4.30 4.25 4.20 4.25 % 4.25 4.25 4.25 4.25 4.40 4.40 4.40 4 .40 4.40 4 .40 4.70 % % to 4.15 % 104M 5 5 5.25 5.25 5,25 4.60 4.75 4.50 to’ 4.80 % to 5 % 4.15 to 4.70 4?75 4M 4.80 4.50 5 5 5 4.50 4.50 4.50 b 4.20 to 4.40 % 4.40 4.40 4.36 4.50 4.40 5 4.30 4.25 4.25 4.26 4.40 4.40 5 4.76 4.50 4.76 4.75 4.75 b 4.10 to 4.20 % 4.05 4.50 b 4.25 to 4.45 % b 4.30 % 4.60 5 4.35 b 4.25 to 4.45 % 4.65 4.70 b 4 .35 to 4.60 % 4.35 4.45 4.25 b 4.15 to 4 .20 % 4.40 4.16 b 4.05 to 4.15 % b 4.05 to 4.15 % 4.80 4.80 b 4.10 to 4.20 % 4.26 4.26 4.1(1 4.20 b 4.10 to 4.15 % b 4.10 to 4.15 % b 4.10 to 4.15 % 6 4.1 0 to 4.15 % 0 4.10 to 4,15 % 6 4.10 to 4.15 % 4 .10 4.15 4.20 6 4.10 to 4.15 % 4.06 6 4.10 to 4.20 % 4.20 6 4.10 bo 4.20 % b 4.10 to 4.20 % 6 4.10 bo 4.20 % 4.16 4.16 4.60 5 5 4.85 55 BANKS AND TRUST COMPANIES. Quotations in this department are given per share, not per cent, except for stocks of Canadian institutions, and are near as possible for the closing day of the month preceding date of u'sue, though often are nominal. An asterisk (*) denotes sales. Figures of deposits, capital and profits for the national banks are from the Comptroller’s last call; for all other insti tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are required. For the Clearing House banks of New York, Philadelphia and Boston, deposits are taken from the latest weekly statement. as C A L IF O R N IA — (C o n c lu d e d ) A LA B A M A — N ational banks June 30; State institutions Oct. 15. Capital. B irm in g h a m — Amer Tr & Sav Bank Birmlng’m Tr & Sav Broth o f L Eng B & T First N ational B an k. Traders N at B ank_ M ob ile— First N ational B an k. M erchants' B ank_ _ M o n tg o m e r y — First N ational B ank. Fourth N at B ank___ Alabama N ational Bk Union Bank & T r Co $ 1.000,000 1,000.000 500,000 1,500.000 250,000 300,000 500.000 400,000 1,000.000 500,000 300,000 100,000 Surplus & Profits. Gross Deposits. P ar. Bid. A sk. Per 300 375 115 600 200 Per share. 325 450 125 625 225 share. $ $ 950,207 13,906,213 1,246,307 19,807,174 82,529 1,292,572 3,805,806 35,109,120 196,606 4,029,448 100 100 100 100 100 1,559,834 671,865 171,128 100 565 100 300 100 150 653,108 r306,342 167,916 149,461 17,299,818 11,910,584 4,015,267 9,651,739 6,008,837 2,053,468 1,093,083 100 100 100 100 575 310 Per 205 132 105 220 share. 215 140 108 230 A R IZ O N A — National banks June 30; State institutions June 30. P h o e n ix — Citizens State B an k. Comm ercial N at B k . Nat Bank o f Arizona Phoenix N at B a n k .. Phoenix Sav Bk & Tr 100,000 150,000 200,000 200,000 100,000 1,050.000 7,000 5,145 24,491 195,563 296,772 272,391 700,000 538,884 4,094,760 4,911,039 3,943,349 12,446,398 Per share. 100 100 100 100 100 100 1,000,000 200,000 300.000 300.000 200.000 200.000 100,000 300.000 100.000 500.000 200.000 359,693 51,074 104,510 240,360 25,379 70,650 26,935 149,217 131,315 479,920 395,234 100,000 100,000 175.000 100.000 200.000 C74.768 191,344 211,916 C63.541 521,569 C A L IF O R N IA — National banks F re s n o — First N ational B an k. 200,000 Los A n g eles. Bank o f Am erica____ 2,500,000 Bank o f San Pedro 350,000 Cent C om ’l & Sav Bk 325,000 Citizens’ N at B a n k .. 4,000,000 O om ’INat Tr& SavBk 1,000.000 Farmers & M erchN at 2,000,000 Fed T r & Sav B a n k .. 500,000 First N a t B k, San P . 200,000 First N ational B an k. 3,500,000 California B an k____ 3,000,000 M erchN atTr& SavBk 4,000.000 Nat C ity B k o f L A . . 1,000,000 California Trust C o . 500.000 Security Tr & Sav Bk 10,200,000 Citizens Tr & Sav Bk 2,000,000 Pacific N ational B k . 1,000,000 Pacific-S W T & S B . 6,900,000 Peoples N at B an k. . 500,000 Seaboard N at B ank. 1,000,000 U S N ational B a n k .. 750,000 Union Bank & T ru st. 1,500,000 Wilshire N at B an k. 200,000 O a k la n d — Central Sav B an k___ 1,200,000 Central N at B an k___ 1,200,000 New First N at B an k. 500,000 Farmers & M er S av. 300,000 1,500,000 P a sa d en a — Central N at B a c k ___ 100,000 Citizens Savings B k . 300,000 C om m ’l Bk o f Pasad 100,000 First N ational B an k. 400,000 Pasadena N at Bank 100,000 Security N at Bank . 300,000 First Trust & Sav Bk 900,000 S a c ra m e n to — California N at B an k. 1,500,000 Capital N at Bank 500,000 California Tr & S Bk 450,000 Farm & M ech Bank 350,000 Merchants N at Bank 200,000 800,000 S a n B e r n a rd in o — American N at Bank 100 100 25 100 100 100 100 Per 846, 296 25 160 2,550, 531 100 280 2,914, ,647 25 225 25 145 660 ,920 5,776 ,010 100 265 share. 165 285 235 150 275 June 30; State institutions June 30. 55,106 3,290,704 1,360,997 41,303 26,736 2,310,585 811,841 2,517,154 139,155 r65,000 4,245,114 c2 ,109,417 4,720,494 114,449 154,345 6,183,851 2,000,274 236,123 7,087,792 70,000 124,412 236,727 581,484 45,005 23,259,703 3,298,748 1,349,699 46,025,293 20,051,007 48,217,805 4,096,352 2,626,000 87,777,084 84,220,325 122,000,000 13,563,664 514,733,219 229,987,061 49,582,066 6,119,429 195,244,656 3,192,674 3,863,015 7,024,176 15,643,918 987,180 1,854,458 30,289,441 2,066,881 22,489,767 48,363 3,228,118 154,244 5,107,986 3,119,293 58,888,211 41,903 217,795 14,938 294,947 24,502 137,041 660,125 1,903,759 3,686,433 351,999 5,442,447 1,424,948 3,126,838 10,858,325 1,048,586 22,012,335 482,484 9,686,205 412,150 12,284,189 379,945 7,561,855 145,112 2,457,014 8,017,562 307,526 84,095 155,015 357,969 356,499 10C 161 Per share. 195 10C 10C 100 100 407 100 230 100 497}* 10(1 150 100 100 _ . Z412 100 407 100 370 100 . . . Z 160 100 100 x460 100 100 137}* 100 100 100 100 180 100 190 100 Per share. 100 315 100 315 100 115 100 135 100 360 100 200 100 270 100 100 100 100 100 Per 100 100 100 100 100 175 100 125 1,000,000 500,000 400,000 273,300 300.000 100,000 125,000 930,325 22,072,637 248,622 5,127,773 9,838,896 1,141,826 2,610,345 100,303 98,413 2,383,808 32,405 1,824,485 38,621 1,570,493 10(1 100 100 100 100 100 100 1,200,000 532,022 21,618,887 a D e c . 31 1925. x Ex dividend. 6 Trust assets, 150,000 100,000 100,000 150,000 Gross Deposits. P a r. Bid. A sk. $ 70,490,582 100 Per share. 198 200 5,000,000 4,103,370 100,421,175 8,500,000 9,180,485 81,900,063 20,000,000 13,042,807 391,213,391 100 100 100 195 250 500 $ 5,000.000 $ 1,843,399 199,403 1,057,000 97.519 1,000,000 750,000 <2824,072 6,000,000 3,208,395 214,585 650,000 1,250.000 1,005,144 1.000,000 3,400,000 1,200,000 1,388,289 r666,348 1,500,000 1,850,000 1,727,692 190,388 500,000 216,332 200,000 270,657 1,000,000 18,683,932 100 125 2,268,070 100 6,528,849 100 71,485,063 10(1 2,346,842 100 20,254,058 100 235 105,030,478 1000 10000 28,227,318 100 345 21,089,785 100 206 39,350,874 100 9,171,055 100 110 2,226,113 100 135 4,922,977 100 120 9.000,000 1,500,000 5,500,000 8,049,334 115,642,333 2,086,453 59,706,241 5,200,087 161,214,696 100 260 100 100 300" 1,500,000 4,500,000 1,060,244 27,969,262 1,162,000 40,214,823 50 100 502,399 802,142 41,201 308,070 316,564 4,737,779 6,650,642 1.305,411 2,947,164 1,774,570 100 100 100 100 100 S to c k to n — 500,000 C om m ’l & Sav B an k . 750,000 First N ational B an k. 200,000 Stockton S & L Bank, 1,000,000 310,000 253,425 613,022 524,056 623,256 r48,546 3,948,496 6,362,051 2,082,983 7,142,988 1,645,640 156 197}* 264 502 312 11500 260 115 145 350 157}* 80 100 100 100 100 Per share. C A N A D A — See last page. 100 100 100 100 S an D ie g o — First N ational Bank First Trust & Sav B k San Diego Tr & S Bk Secur Com m & S B k . Union N ational Bank United States N at Bk University A ve Bank Sou t h e n Trust & Comm erce B a n k .. share. 25 2,004,719 1,296,543 1,949,772 3,065,287 San Bernardino N Bk San Bern Co Sav B k . • Sale price. I June 30 1926. 15,865, ,403 975, ,463 2,696, 629 6,662, ,929 1,700, ,102 3,390, 390 1,171, 174 7,599, 360 2,015, 240 8,438, 721 3,325, ,949 S a n F ra n c is co — Am er Bank o f San Fr Anglo London-Paris N ational B ankBank o f C alif, N A Bank o f Ita ly_______ Banca Popolare Fuga zi--------------------Brit-Am erican B an k. Canadian B k o f C om C rocker First N at B k D on ohoe-K elly B C o. French-Am er B a n k .. T he San Fran B an k. H um boldt B an k____ Italian-Am er B an k_ Liberty B an k_______ M ission Sav B an k___ T he M ission Bank P acific N at B an k___ W ells Fargo Bank & Union Trust C o ___ A nglo-C alif Trust Co M ercantile Trust C o . C rocker First Federal T r C o ____________ U nited Bank & T r C o Surplus A Profits. S an J o se — Bank o f San Jose____ 300,000 First N ational B an k. • 600,000 Growers B an k______ 300,000 Security Sav B a n k .. 100,000 Security State B an k. 100,000 A R K A N S A S — National banks June 30: State institutions N ov. 1. L ittle B o c k — Amer South Tr O o-_ Central B ank_______ England N at B a n k .. Exchange N at B ank. Pederal Bk & Tr C o . People's Sav B a n k .. Tw in C ity B ank____ Bankers Trust C o ___ Exchange Trust C o ._ Union Trust C o _____ W B W orthen C o ___ P in e B lu ff— C otton Belt S & T Co Nat Bank o f A rk____ Merch & Plant Bank Peoples S B & T r C o . Simmons N at B an k. Capital. 250 300 share. 250 * 300 175 400 160 150 150 180 325 200 425 175 175 100 200 215 200 t Sept. 30 1926. C O L O R A D O — National banks June 30; State institutions June 30. Per share C o lo r a d o S p g s.— C olorado Sav B a n k .. C olorado Spgs N at B Exchange N at B an k. First N ational B an k . C olo T itle & T r Go__ 50,000 100,000 300.000 300.000 150.000 D e n v e r— American N at Bank Central Sav B k & Tr C olorado N at Bank D enver N at B a n k .. First N ational B an k. Pioneer State B an k. Stock Yards N at Bk U S N ational B ankGuardian Trust C o . . International T r C o . 500.000 500.000 1,000,000 1,000,000 1,500,000 100.000 250.000 550.000 240.000 500.000 L e a d v ille — C arbonate Amer N B 100.000 30,403 1,405,278 100 P u e b lo — First N ational B an k. M innequa B ank____ W estern N at B a n k .. Pueblo Sav & T r C o . 500.000 30,000 100.000 100,000 1,099,167 102,387 154,931 e277,005 11,863,451 2,325,572 1,735,771 4,687,859 100 100 100 100 e269,596 103,868 220,985 353.502 el02,997 2,031,348 1,816,188 5,251,642 5,613,248 1,838,449 100 100 100 100 100 9,781 170 583,436 3,754 ,525 129,570 1,603,272 35,437 410 1,141,553 31,627 018 1,817,568 40,662 238 634 188 15,500 1,652 971 43,752 1,290,135 19,372 629 611 951 23,110 1,364,559 17,332 214 100 100 100 100 100 100 100 100 100 100 .............. ........... Per share. Per share. C O N N E C T IC U T — National banks June 30; State institutions June 30 Bridgeport— C ity N ational B ank- 1.000,000 First N ational B an k. 1,000,000 Bridgeport Trust C o . 1,000,000 Am er Bank & T r C o . 200.000 C om m ’l B k & T r C o . 300.000 N orth End B k & T r . 100,000 W est Side B an k_____ 200,000 H a rtfo rd C ity Bank & T r C o . . 1,000,000 C onn R iver Bkg C o 150,000 First N ational B an k. 1,150,000 G'.astonbury B k & Tr 100,000 H artford-Aetna N B . 2.000,000 M erchants B k & T r . 150,000 M u tu al B k & T r C o . 300,000 Phoenix State Bank & T r C o __________ 1.600,000 United States Sec Tr 2,000.000 E ast H artf Trust C o . 150,000 H artford-Conn T r C o 2,500,000 Park Street Trust Co 150,000 Riverside Trust C o _ . 300,000 Simsbury Bk & T r C o 50,000 Travelers Bk & T r Go 100,000 New Haven— A m er Bank & T r C o . 100.000 B w ay Bk & T r C o ___ 300,000 First N ational B an k. 1.050,000 M echanics’ B an k _ _ 300,000 M erchants N at Bank 500.000 N ew H aven B k N B A 1,200,000 N at Tradesm B k& Tr 500,000 Second N at B ank___ 750,000 Un & N H aven T r C o 650,000 N o rw ich — M erchants’ N at B k . 100,000 Tham es N at B a n k .. 1,000,000 Uncas N ational Bank 100,000 Bankers Trust C o ___ 100,000 d April 6 1925 e N o v . 18 1 926. 1,468,400 1,816,479 878,441 210,543 106,378 118,031 150,171 12,182,120 18,687,882 11,643,512 5,722,610 1,944,226 1,133,208 2,926,713 1,054,910 19,329,052 836,820 5,249,826 1,284,742 9,299,706 85,810 1,104,513 3,917,983 20,155,323 48,127 805,000 129,541 3,205,328 2,300,000 1,966,516 182,079 3,251,347 163,201 553,651 64,157 449,567 25,000,000 12,818,087 2,250,814 21,373,809 3,124,643 2,831,130 1,180,574 5,645,236 183,797 118,410 1,424,306 1,115,000 523,678 2,224,469 627,311 1,337,333 1,270,778 2,793,562 3,139,657 17,034,657 16,350,937 8,372,664 8,528,657 3,277,555 10,209,216 10,559,972 84,503 807,336 68,251 39,180 553,543 3,302,073 680,000 861,717 I Last Sale price Per 100 240 100 300 100 240 100 195 100 145 100 175 100 148 Per 100 625 30 160 100 235 5(1 75 100 400 100 100 100 125 100 400 100 415 100 300 100 575 100 425 100 50 100 Per 100 175 100 116}* 100 250 60 330 50 85 100 235 100 170 100 235 100 300 Per 100 100 100 140 100 100 100 share 250 250 200 150 150 share. 700 140 430 share. 173 share. 110 145 105 100 r A pril 12 1926 [Vol. 124 BANKS AND TRUST COMPANIES C O N N E C T IC U T — (C o n c lu d e d ) Capital. W a te rb u r y — C itiz & M frs’ N at Bk W aterbury N at Bank Colonial Trust C o ___ Merchants Trust C o . W aterbury Trust C o. $ 600,000 500.000 500.000 500.000 300.000 Surplus & Profits. 641,773 513,478 1,450,000 479,257 333,440 ID A H O — National banks June 30. Gross Deposits. $ 10,600,682 4,586,381 7,674,506 6,591,560 3,895,528 A sk. 100 50 100 100 100 Per 320 80 550 275 275 B o ise C ity — Boise C ity N at Bank First N at o f I d a h o ._ Pacific N at B an k___ 247,816 210.000 500,000 1,463,378 332,437 1,250,000 187,431 110,000 881,430 203,175 348,360 1,000,000 1,000,000 a1,700,000 895,050 1,330,765 2,000,000 1,584,773 1,615,105 15,882,324 2,301,578 1,469,603 4,065,110 7,248,146 5 ,3 )3 ,9 62 7,518,556 15,424,374 100 50 50 100 25 100 100 100 50 Per 125 140 61M 200 134 118 310 290 130 $ 250.000 300.000 300.000 Surplus & Profits. % 243,823 350,863 117,850 Gross Deposits. $ 4,081,894 6,912,729 3,319,648 share. 130 150 63 210 140 125 3. 0 300 138 A u rora— Aurora N at B an k___ First N ational B an k. Am erican N at B an k . M erchants N at Bank Old Second N at Bank Aurora T r & Sav B k . 100,000 100,000 100,000 300.000 200.000 200,000 313,664 228,084 300,066 256,985 318,365 206,669 2,688,265 3,813,041 2,413,805 2,971,376 2,120,067 2.519,366 C h ic a g o — 64,939 2,312,791 Adam s State B a n k .. 200.000 4,221,726 Aetna State B an k___ 180,280 200,000 A lbany Park N at Bk 3,349,565 92,047 200,000 Alliance N at B a n k .. 154,947 4,149,770 200,000 D IS T R IC T O F C O L U M B IA — N at. banks JuneZQr, State institutions June30. Ashland State B an k. 148,802 1,816,299 250.000 2,540,439 88,726 200.000 Per share. Atlas E xch N at Bank W a s h in g t o n — Austin N ational B k . 126,362 3,578,830 200,000 Colum bia N at B an k. 457,982 3,758,921 100 375 250,600 Austin State B a n k .. 6,056,131 327,500 300.000 Comm ercial Nat B k . 1,000.000 512,555 14,884,819 100 234 47,386 1,158,655 B everly State Sav Bk 100.000 Bank o f C om m & Sav 139,579 1,799,846 10 255 100.000 302,904 12,270,599 Boulevard Bridge Bk 500.000 Departm ental Bank 105,840 37,165 522,026 10 &38 179 1,377,118 B oulevard State S Bk 200.000 District N at B an k . 908,809 9,187,725 100 230 1,000,000 240 4,470,504 B ow m anvilleN at’lBk 75,315 200,000 Farm & M ech N a t . . 398,000 3,509,053 100 270 252,000 290 59,412 1,641,142 B roadw ay N at Bank 200,000 Fed’l Amer N at Bank 1,600,000 1,047,165 12,004,558 100 312 320 B ryp M aw r State Bk 1,300,000 200,000 55,000 Franklin N at B a n k .. 123,497 4,528,069 100 225,000 53,937 1,562,930 Binga State B an k___ 200,000 Liberty N at B ank___ 239,000 100 205 500,000 3,239,075 209 121,132 3,097 587 Build & M erch St Bk 200.000 Lincoln N at B ank___ 543,647 6,595,631 100 365 400,000 Calum et N at B a n k .. 213,307 10.854.917 300.000 M erch Bk & T r C o . . 1.000,000 315,848 9,376,649 100 160 153 131,443 4.668.890 Capital State Sav Bk 300.000 M t Vernon Sav Bank 144,207 160.000 4,237,408 100 9,981,052 Central M fg Dist Bk 842,463 500.000 Nat Bank o f W ash’n 1,050.000 1,027,524 8,375,286 100 275 295 2,186,161 C hic Lawn State B k . 354,396 400.000 N at Capital B an k___ 307,453 200,000 1,824,196 100 275 8,780,820 Citizens State B an k . 500.000 <1435,352 N at MetroDol B an k . 800,000 1,217,090 15,390,051 100 403 410 2,730,103 C ity State B k o f Chic 202,070 400.000 Riggs N ational Bank 2.500,000 2,078,897 42,819,996 100 450 460 C ont & C om N at B k . 25,000,000 24,104,0 '2 422,161,169 8econd N at B an k___ 388,624 5,495,713 100 250 500.000 270 2,825.660 83,563 Columbia State S Bk 200.000 Secur Sav & C om Bk 311,608 4,864,745 100 345 300.000 1,672,863 j C om m unity State Bk 59,747 200.000 W ash‘ton Sav’s B k _ 31,726 648,607 10 285 100.000 C osm opolitan St B k . 510,809 12,408,429 750.000 Amer Secur & T r C o . 3,400,000 3,296,510 29,868,887 100 374 380 4,004,7 5 131,972 200.000 C ottage G rove St Bk Continental Trust Co 1.000,000 162,898 2,629,378 100 103 1,363,790 21,533 Cragin State B a n k .. 100,000 N at’l Sav & T r C o__ 1,000,000 2.491,409 10,995,470 100 495 271,039 5,427,033 Depositors State B k . 350.000 M unsey Trust C o ._ 875,097 2,000,000 4,844,577 100 2,879,017 Division State Bank 201 817 200.000 Unlon Trust C o _____ 2,000,000 964,360 7,145,167 100 235 1,391,604 Douglass N at B an k . 36,525 200,000 United States Sav Bk 218,571 100,000 2,267,076 100 500 8,607,781 426,491 Drexel State B a n k .. 350,000 Wash Loan & T r C o . 1.000,000 2,160,313 13,753,740 100 475 500 D rovers N at B a n k .. 545,681 16,757,664 135,922 3,439,178 First Englew State Bk F L O R ID A — National banks June 30; State institutions June 30. First N ational B an k. 15,1 19,160,032 259,401,994 6,899,538 649,334 J a c k s o n v ille — Per share. First N at Englewood Forem an N at B an k. 255,421 84,418,582 Atlantic N at B a n k .. 2,000,000 867,833 46,154,341 100 250 3.587.387 Fullerton State Bank 135,579 Barnett N B o f J ack . 1.000.000 1,299,037 29,707,533 100 300 300 6,*>44,222 Citizens B ank______ Garfield Park St S Bk 276,829 102,844 100,000 2,483,178 10(1 300 3,505,628 Guardian N at B nk Florida N at B ank___ 1,000,000 1,085,954 31,018,984 100 210 312,503 225 PeoDle’s B a n k . . . ___ 3.6 <2,970 H alsted St State Bk 255,421 105,995 5,151,879 100 200 300.000 225 1,372,905 H am ilton State B k . . 54,747 1,125,323 L a k e la n d — H arbor State B a n k .. 31,647 First N ational B an k. 2,168,622 Hill State B an k_____ 100,000 2,874,892 100 350 559,091 174,334 400 State B k o f Lakeland 4,059.000 H um boldt State B k . 103,859 150.000 148,361 2,820,574 100 200 250 5,575,889 H yde Park State B k . 428,517 M iam i— 1,999,315 Im mel State B a n k .. 200.000 59.365 1,120,000 Bk o f B ay Biscayne 1,000.000 1,079,758 33,703,720 100 Im m igrant State B k . 68 400 200.000 5,479,020 C ity N a t .B k & T r Co 2.000,000 Independence St B k . 201,259 549.741 16,561,345 100 4,405,422 First N ational B an k. 1,200,000 1,503,260 41,750.164 100 Irving Park N at Bk 186,273 First T r & Sav B an k. Irving State Savs Bk 1,602,243 200,000 300.000 38,265 297,946 4,045,591 100 M iam i Beach First Jackson Park N at Bk 1,401,815 200,000 21 879 N ational B ank___ 4,076,370 256,112 300.000 Jefferson Park N a t .. 133,809 4,216,490 100 Southern B k & T r Co Kaspar Am er St Bk 129,842 8,530,162 100 100.000 1,201,264 16,484,176 Third N a t’l B an k___ 5,541.813 K enw ood N at B an k. 350,339 70,000 357,606 350.000 Biscayne Trust C o . . 4,074.641 150.882 500.000 Lake State B ank____ 223,038 3,067,493 100 150.000 Trust C o o f F lorid a. . Lake View State B k . 9,197.3 --8 361,063 392,004 026,303 100 200.000 O r la n d o — 6,369,980 Lawndale N at Bank 175 697 Bk o f Orange & Tr Co 4,772,211 200,000 112,641 2,691,696 100 Lawndale State B k . 295,788 3,510,546 First N at Bk in Orlan Lincoln State Bank 78,879 159,142 100,000 3,204,138 100 1275 3,065,259 Logan Sq St & SavBk Orlando Bk & T r C o . 94,531 194,954 4,972,265 100 100,000 St Bk o f Orl & T r Co M a d & K ed State Bk 189.742 560,326 12.5 37 ,8 2 ’ 6,896,559 100 100,000 2,978,446 S t. A u g u s t in e — M ad Sq State Bank 85,025 First N ational B an k. 3,007,197 M arket T rad St Bk 82,843 130.000 132,807 3,744,268 100 People's Bk for S a v .. 2,935,836 200.000 M arquette P k St B k 1,789,390 100 25.000 174,525 109.756 St Augustine N at Bk 50.000 1,504,000 56,354 2,579,615 100 M arshall Sq State Bk 62 300 9 Q9 , 787 . 174 0 1 2 The Comm ercial Bk. M etrop State B an k . 30.000 32,690 1,025,946 100 S t. P e t e r s b u r g — M utual N at Bk o f Ch 4,605.748 200,000 145,540 Alexander N at Bank 74,890 2,394,015 100 200 200.000 N at B k o f R ep u b lic. 2,099,884 87,065,532 225 American Bk & T r Co N at B k o f W oodlawn 3,724,096 200,000 536,100 5,046,191 100 151,976 Cent N at Bk & T r Co N at Bk o f C om m ’ce 289,002 6,576,524 701,111 7,704,749 100 300.000 9,195,239 First N ational B an k. 288,052 N orth A ve State B k . 600.000 632,766 10,807,986 100 Tam pa— 9,126.331 N oel State B an k___ 423.003 Citizens Bank & T r . . 1,000.000 1,521,358 26,016,783 100 1,263,313 Ogden N ational Bank 42.624 947,652 15,107,940 100 Exchange N at B an k. 500.000 P eople’sStkY 'dsS tB k 586.188 15.771,062 200 First N ational B an k. 1.200.000 1,085,510 18,770,890 100 Phillip State Bk & Tr 201,329 3,849,430 1160 First Sav & Trust Co 307,199 2.209,949 100 Pioneer T r & Sav Bk 434 260 10 190,965 500.000 Nat C ity B k, Tam pa 5,410,049 100 Portage Park N at Bk 1,414.954 400.000 500.000 40i667 W e st Palm B e a c h 3.712,373 Prudential St Savs B k 224,566 1,214,853 228.000 The Citizens B a n k .. Public State B ank___ 400 100.000 2,669,334 100 Farmers Bk & T r C o . 9.590,272 100,000 1,052,113 .14,588,383 100 2000 2500 Reliance State Bank 6442,000 Flrst Am Bk & T r Co 4.538 542 300.000 Roseland State S B k . 242 190 C413.367 9,507,353 100 6,000,385 S chiff T r & Sav Bank 177,968 2.709,022 Second Citizens St Bk 70.403 2.961,605 2d N W State B an k . 119,598 Q E O R O IA — National banks June 30: State institutions Oct. 11. 5.713.936 335,991 Second Security B k . 8,378 430 574,240 A tla n t a — Per share. Security B ank______ 1.365.644 Skala State B ank___ 51,765 85,000 American Sav B an k. 400,000 100 125 200,000 7.635.319 So Chicago Sav Bk__ 453.000 A tl & Lowry N at B k . 4,000.000 3,776,243 47,670,873 100 315 320 South Side T r & S av . 9.868.49 ’ 313.987 Citizens & South Bk 3,000,000 3.111,676 64,721,990 t 255 265 3.332,382 Southwest State B k . 129,068 Fourth N at B ank___ 1.200,000 2,524.881 32,174,510 100 335 345 State Bk o f C hicago7,55).040 55.9-8,652 Fulton N at Bank 750.000 C398.060 10,894,952 100 135 140 Stock Yards N at B k . 649,824 17,390.978 Ga Sav Bk & T r C o . . 478,415 500.000 3,495,293 100 225 235 Stk Y ds T r & Sav Bk 9,980,076 3 28,35 719,111 Atlanta Trust C o ___ 1,500.000 5,015,060 100 130 135 Stony Isl State S Bk 3,306.524 254,506 1,318,970 100 2.000,000 1,981,926 Transportation Bank 2,166.404 33,648 2,250,032 79,121 A u g u s ta — Per share. 26th St State B a n k .. Union Bank o f C h ic. 9,230.41 £ 1,125.1*8 1.000,000 468,167 10,283,520 100 Union State B k of S Ch 145,392 3,693,108 Citizens & South B k . 3,000,000 3,111.676 64,721,990 t 255 265 3 .3 0 6.OH U nited State B ank_ Nat Exchange B an k. 3,120,912 100 105 234,8.10 400,000 220,386 U niv St Bk o f C h i c .. Union Savings B an k. 160,000 3,000,00C 111,823 1,705,200 100 140 155 100.000 Per share. W ashington Pk N Bk C o lu m b u s — 341,336 12,043,615 W Englewood N at Bk 897.678 Ool Sav Bk & T r C o . 65.279 3,134,915 100 135 250,000 150 252,627 W est E ngl’wTr&S Bk 5,493,792 Fourth Nat B ank___ 1,446,321 100 125 424,605 300,000 156,365 128 W Highland State Bk 125 878 1,436,850 Hom e Savings B an k. 100.000 1,480,000 too 145 78.600 150 77.K88 W est M adison St Bk 2,222 329 M erch & M ech Bank 310.121 l,713,o92 100 190 200.000 195 First N at Bk o f C o l. W est Side N at Bank 2.556,769 200,000 121,607 217,448 1,261,025 100 125 140 W est T ow n State Bk 6,174,809 Third N ational Bank 241,532 500,000 2,193,343 100 125 566,331 150 M a co n — 2,888 983 Per share. Amalg T r & Savs Bk 155.414 Auburn-Pk T r & S Bk Citizens & Sou Bank 3,000.000 3,111,676 64,721,990 : 1,126,639 136,343 262 260 Bw ay T r & Savs B k . Fourth N at B ank___ 2,294,186 53,373 500.000 506.967 10,906.842 100 185 190 Calum et T r & Sav Bk 1,639.512 M acon Nat B ank___ 49,836 4,035.565 100 195 200.000 248,796 200 M acon Savings B k .. Central T r C o o f 111. 564,000 100 265 4,748.011 93,o08,882 50,000 161,000 300 S avannah— Per share. C hic C ity Bk & Tr Co 8,390.241 1,270,500 Citizens' & Sou Bank 3,000.000 3,111.676 64,721,990 100 255 C hicago Trust C o ___ 1,563,701 28,435,846 260 Exchange Bank_____ Citizens T r & Sav Bk 55,222 2,633 495 250.000 142,000 2,120,000 100 115 130 Liberty Bk & T r C o . Com m erce T r & S Bk 55,387 2.375,659 300.000 a617,168 4,926,835 100 190 200 Savannah Bk & T rC o 700.000 2,161,093 C om m onw T & S Bk 95,841 751,928 5,244,243 100 165 C itizens’ Bk & T r Co C ont & C om T r & SB 1,545,676 100 100 1 16'7 6 4 ’ 89,426,157 800,000 99,447 105 D evon T r & Savs Bk 69,373 1,452,608 * Sale price t Branch o f Savannah. ( N ew stock, x Ex d iv. o N ov . 10 1926. Par. Bid. 100 100 100 IL L IN O IS — National Banks June 30; State institutions Oct. 11. D E L A W A R E — National banks June 30; State institutions June 30. W ilm in g to n — Central N at Bank___ Farmers' B ank_____ Industrial Trust C o . Nat Bk o f D elaw are. Union N ational Bank Delaware Trust C o . . Equitable Trust C o . Security T & S D Co W ilm ington Trust C o Capital. b June 30 1926. c April 12 1926. d D ec. 31 1925 100 100 100 100 100 100 435 335 375 200 150 215 Per 100 145 100 190 100 185 100 160 100 125 100 150 100 140 100 275 100 182 100 210 i on 100 175 100 103 100 1135 100 100 215 100 300 100 180 100 400 100 240 100 345 100 340 100 453 100 160 100 100 215 100 160 100 100 190 100 100 105 100 235 100 222 100 185 100 604 100 415 100 530 100 170 100 178 100 _____ 100 250 100 115 100 100 100 170 100 280 100 135 100 100 195 100 290 100 100 100 250 100 201 100 280 100 118 100 230 100 100 410 100 135 100 165 100 235 100 150 100 135 100 305 100 inn 165 100 285 100 294 100 210 100 179 100 180 100 240 92 100 100 264 100 188 100 260 100 100 205 100 100 250 100 300 100 275 100 165 100 175 100 100 360 100 100 2 °5 100 233 100 143 100 780 100 280 10(1 100 215 100 100 165 100 255 101) 185 100 240 10(1 J5' 100 257 10(1 215 100 350 100 100 100 125 100 272 100 100 100 160 100 200 100 290 100 325 100 295 100 100 100 160 10C 100 120 0 Partial paym ents. 450 350 400 225 225 share 150 _ __ _ 135 150 106 320 190 410 250 456 195 135 245 608 425 180 188 _____ 125 190 145 205 206 123 140 240 155 140 325 295 296 220 182 190 100 268 192 260 320 300 180 _____ 305 240 150 785 285 455 225 265 200 160 225 360 131 170 300 300 130 I Last sale Jan., 1927.] IO W A — (C o n c lu d e d ) I L L IN O IS — (C o n c lu d e d ). Capital. C h ic a g o (Concl.) $ Drovers T r & Sav B] 250 ,00( East Side Tr & S Bk_ 200.00C Equitable Trust C o . 250,000 Fidelity T r & Sav BT 400 ,00C First Tr & Sav B an k- 7,500 00( Foreman Tr & S Bk_ i non non Franklin Tr & S B k . ’300!000 Greenebaum Sons’ Bank & Trust Co 1,500,000 Guarantee Tr & S av . 300,00C Harris T r & Sav B k . 4.000.00C Home Bank & T r Co 1 , 000 ,00 c Howard A ve T & S Bk 200 OOf Hlinois M erch T r C o . 15,000,000 Inland Tr & Sav Bk 300 .00C 200 oor 200,000 200,00C Lake Shore T r & S B 500,00C Lakeview Tr & S B 500,00C Liberty T r & Sav B 500.00C Lincoln Tr & Sav B tt 200,000 M ercantile Tr & S av. 600.00C M id -C ity Tr & S B k . 750,000 too oor N orthcenter Tr & S B N orthern Trust C o ._ 2 ,000:000 N orthw ’n Tr & S B k . 1 , 000.000 Peoples’ T r & Sav Bk 1 ,000.000 500,000 1,000,000 350,000 Standard Tr& Sav Bk 1,000,000 S tockm en’s Tr & S 1 200,000 Union Trust C o ____ 3,000,000 W Side T r & Sav B k . 700,000 W oodlawn Tr & S Bk 500,000 E lg in — 100 000 First N ational Bank 200 000 Home N ational Banl 1riO 000 100 000 Union N ational Banl Elgin C ity B ’k ’g Co. 1.^0 000 Hom e T r & Sav Bk 100 000 P e o r ia Central N at B an k . .. 300,000 Com m ercial N at B k . 1,125,000 Dime Sav & Trust Co 250,000 First N ational Bank 550,000 H om e Sav & S ta te .. 2.50,000 State Trust & Sav Bk 400,000 M erch & 111 N at B k . 500,000 First Trust & Sav B k 200,000 Q u in c y — Illinois State B a n k .. 300,000 Quincy R N B k & Tr 500,000 State St B k & T r O o . 500,000 M ercantile T r & S B . 200,000 State Sav L & Tr Co . 1,000,000 R o c k fo r d —Com m ercial N at B k . 200,000 Forest C ity N a t B k . 300,000 M anufac’rs N at Bank 400,000 Peoples B k & Tr C o . 250.000 R ockford N at B an k. 750,000 Security N at B a n k .. 200,000 Swedish-Am N at B k . 125,000 Third N ational Bank 500,000 S p r in g fie ld First N ational B an k. 500 000 Illinois N at B an k___ 300,000 R ldgely-Farm ’s S Bk 600 000 Sp’gfield M arine____ 500.000 First State Tr & S Bk 500,000 IN D IA N A — National E va n sville— Citizens’ N at B an k. Lamasco B an k____ N ational C ity B an k. M ercantile C om ’l Bk N orth Side B a n k .. Old N at B an k_____ W est Side B an k___ Am T r & Sav B an k. Citizens T r & S B k . F o rt W ayne— First N ational Bank Lincoln N at B a n k .. Old N ational B an k. C itizens’ Trust C o ._ D im e Savs & T r C o . Farmers T rust Co Lincoln Trust C o ___ People’s T r & Sav Co Tri-State L & T r C o . I n d ia n a p o lis — Citizens State B an k . Continental N at B k . Fletcher-Am N a t B k Indiana N at B a n k .. Live Stock Ex B an k . M arion Co State Bk.. M erchants’ N at B k . M eyer-Kiser B a n k .. People’s State B a n k . Aetna T r & Sav C o . . Bankers Trust C o ___ C ity Trust C o ______ Farmers Trust C o ._ Fidelity Trust C o ___ Fletcher Sav& T r ___ Indiana Trust C o ___ State Sav & T r C o ._ Security Trust C o ___ Union Trust C o ____ Wash Bank & T r C o . W ild & Co State B k . T erre H a u te — First N ational B a n k . McKjeen N at B an k . Terre Haute N at B k Citizens Trust C o ___ Terre Haute T r u s t .. United States T r C o . Surplus.& Profits Gross De-posits. 28,694,215 10C 3,281,28^ 101 73,952,425 101 9,689,521 101 1 .168.297 1 0 c 367,725,969 ioc 2,524,991 101 1 ,59.7,348 10 c 1,863,712 10 c )< 4,976,83-1 1< 7,977,981 1(X 12,512,835 l()( 10,188,045 101 3,918,641 UK 9,608,793 101 14,212,117 1()( 1 400 83f 1 or 53,813,484 100 19,729,971 101 21,960,536 101 6,354,541 101 11,216,495 1IK 5,112,658 UK 18,879,4 6 UK 2,879,017 UK 69,191,48C UK 14.016.27C UK 9,114.659 100 80 831 212,876 314.375 Qf)r000 331.534 233,000 1,675 326 2,431,709 2,531,535 <400,000 2.731 ,814 2,00*, 000 5,703,998 9,312,895 2,309,832 6,674,442 3,139,032 1,779,188 6,221,234 3,206,430 3,239,102 5,667,621 3,771,137 2,548,381 7,704,775 100 100 100 100 100 85,192 308,975 506,402 230,194 908,022 96,475 260.442 39J.750 921,803 3,552,145 3,932,494 3,022,360 9,645,947 2,956,743 3,056,564 4.605.727 100 100 UK) 100 UK) UK) UK) 100 241,073 152,267 344,231 576,896 305,448 5,845,794 4,698,017 7,013,114 7,185,799 5,015,935 470 385 340 255 300 145 232 190 452 263 260 100 10(1 10(1 100 UK) 100 UK) 100 207,609 138,8x6 104,942 149,123 596,922 135 175 255 395 220 235 225 245 650 296 608 143 140 402 230 _____ 235 250 480 410 350 ____ 305 _____ 237 200 455 270 100 100 100 100 100 100 731,845 1,122,652 272,099 1,044.576 177,787 173,823 804,S26 439,748 635 280 500 290 _ _ 605 136 100 100 100 100 100 350 375 360 375 180 127 H 300 375 Per 190 130 135 160 185 500,000 100,000 500,000 200,000 100,000 500,000 250,000 250,000 100,000 r561,854 12,311,576 60,000 1,458,564 293,692 6,946,956 2,094,632 57,628 34,179 1,731,866 315,409 8,238,785 2 I t , 240 4,877,695 197,155 3,009,140 1-561,854 12,311,576 100 UK) UK) UK) UK) UK) UK) UK) 100 360 390 375 385 185 130 310 385 share. 200 135 159 170 200 l 125 _____ l 225 . . 1 200 _____ Z 200 _____ l 275 _____ l 135 _ . . . 1 250 _____ / 200 Per share. 1,000,000 300,000 500,000 300,000 225,000 200,000 500,000 200,000 500,000 529,867 432,024 632.187 263,826 67,800 63,000 318,572 444,181 847,645 13,960,970 6,565,158 8,530,912 4,963,583 1,327,315 1,697,222 5,169,168 5,396,684 14,016,843 100 UK) UK) UK) UK) UK) UK) 100 100 100,000 400,000 3,000,000 2,000,000 200,000 50,000 1,250,000 200,000 125.000 250,000 250,000 250,000 300,000 100,000 1,500,000 1.000,000 375,000 200,000 600,000 100,000 100,000 68,168 156,261 749,888 2,647,611 122,525 27,446 1.905,288 517,953 173.870 58,862 155,161 81,303 221,397 125,000 1,522,395 1,205,006 28,791 304,103 1,900,647 63,185 121,762 1,114,097 5,398,129 33.107,020 38,567,654 1,237.932 1,241,940 12,172,024 6,507,263 2.805,522 2,056.781 3,247,802 1,929,398 1,554,354 1,969,053 19,553,223 11,960,813 1,859,425 4,584,718 20,630,179 2,274,964 5,915,305 700,000 500.000 300,000 400,000 500,000 500,000 439,944 561,576 336,595 157,285 801.009 344,105 4,260,550 3,292,643 3,178,532 2,742,863 8,023,429 4,559,365 100 100 100 UK) UK) UK) UK) UK) UK) 100 UK) 100 100 100 100 100 100 100 100 100 100 No 100 100 100 100 100 100 Per 240 170 200 115 100 200 180 200 240 Per 220 275 350 210 145 140 225 330 350 114 169 267 160 170 320 245 114 130 140 237 154 250 228 250 400 156 minal 170 210 235 135 285 160 share. 175 225 120 100 225 200 225 share. 235 280 360 220 155 150 235 350 360 269 170 X------ 250 97 428 X- prices 185 215 250 150 300 165 June 30; State institutions June 30. 300,000 100,000 50,000 r631,786 el33,727 47,060 4.829,406 2,459,385 1,317,243 Capital. Ask. Per share. 10C 425 10C • 150 10C 140 190 1()( 180 10 c ______ 10 c _ 10 c 280 S » 7,879,237 653,236 140 53C 1,619,67S 3,746,034 90,545 190,»1E 5,434,007 11,317,727 H2,988,97C 1 2Q6 2S4 17 792 5 ,882:202 632i649 1,477,540 423,652 5,312,465 738,015 44 625 30609132 119,386 34,011 72,705 178,303 297,714 86S.248 6274,622 247,367 409,771 364,948 33 166 5,667,428 1,029,514 813,616 499,111 564,968 139,566 1.093,578 230.75C 4,303,77c 366,351 420,356 Bid. Par banks June 30: State institutions June 30. IO W A — National banks B u r lin g to n — Amer S B k & T r C o . Burlington Sav B k . . Farmers & M erch S B First Iow a State T r Sav B an k_______ M erchants’ N at Bk Nom inal 100 300 315 100 200 210 100 200 600,000 684,849 9,679,190 100 200 210 100.000 »107,254 2,215,990 100 200 210 * Sale price. t Private banks, stocks closely held. a M arch 29 1926. Last sale, r Consolidated statem ent, r April 12 1926. x E x-d iv. 57 BANKS AND TRUST COMPANIES Surplus & Profits. Gross Deposits. Par . Bid. Per 100 250 100 190 100 180 100 230 100 100 225 100 267 C ed a r R a p id s C ed Rapids N a t B k C ed R ap SBk& Tr C o Iow a State Sav B k . . M erchants’ N at B k . P eople’s Sav B an k . Security Sav B a n k . Amer T r & Sav B k . 500,000 200.00C 200.00C 500.00C 100.00C 200,000 200.000 405,572 218,985 55,214 1:588,774 77,888 166,437 162,867 $ 11,510,920 3,630,946 2,915,961 12,746,027 1,768,801 3,060,417 3,390,046 C o u n c il B lu ffs — C ity N ational B an k . Comm ercial N a t B k . C oun B lu ff Sav Bk First N ational B an kState Savings Bank 120,000 100.00C 150,00C 300,000 50,000 99,801 10,637 206,002 116,718 202,647 2,621,180 786,563 3,805,521 3,671,994 3,685,765 100 100 100 100 100 D a v e n p o rt— Am er C om & Sav Bk First N ational Bank H om e Savings B an k . Iow a N ational Bank American Trust Co Union Sav B k & TrC o Citizens’ T r & S B k 1,000,000 400.00C 50,000 150,000 100,000 1,250,000 150,000 1,194,330 22,274,196 5,688,373 374,577 1,264,615 81,532 4,414,804 201,156 472,777 161,470 1,362,234 18,553,921 1,581,481 101,204 share. 100 100 100 100 100 100 100 200 200 185" 250 275 share. Per share. Des M o in e s—Bankers Trust C o _ . 1,000,000 Cap C ity State Bank 150,000 Central State B a n k .. 250,000 D es M oines N a t B k 1,000,000 D es M oines S B & Tr 400,000 H om e Savings B an k . 100,000 Iow a Trust & Sav Bk 100.000 Iow a N ational Bank 1,200,000 P eople’s Sav B a n k .. 100.000 U niversity State B k 50,000 Valley N at B an k___ 500,000 Valley Sav B an k____ 150,000 Central Trust C o ___ 500,000 D ubuque— Consol N a t B an k___ 500,000 First N ational Bank 200,000 Pioneer T r & Sav B k 150,000 Union T r & Sav Bank 150,000 Iow a Trust & Sav B k 300,000 S io u x C ity —First N ational Bank 1,000,000 L ive Stock N at Bank 200,000 T o y N a t B an k______ 200,000 Sioux N at B an k____ 400,000 Security N at B a n k .. 250,000 W ood bu ry C o Sav Bk 100,000 Farmers’ L & T r C o . 100,000 First Trust & S B k ._ 100,000 200,359 112,347 293,561 412,860 223,703 58,693 31,010 868,511 299,417 16,902 289,695 226,074 *168,878 4,437,117 3,202,764 8,141,864 17,080,353 8,319,043 2,229,789 1,713,794 14,643,619 4,197,784 446,671 4.654,743 3,314,796 698,670 101,912 300,317 97,354 303,659 220,000 5,664,607 4,449,787 1,297,284 3,558,104 2,758,716 158,975 129,866 105,695 103,827 307,631 200,205 36,785 27,467 10,090,139 4,282,765 4,632,146 4,388,496 4,772,721 3,464,812 3,917,324 1,039,220 N o minal 100 100 100 100 UK) 100 100 100 100 100 UK) 100 100 Per 100 150 100 255 100 _____l UK) 200 100 175 Per 100 100 UK) 100 100 UK) UK) 100 share. 160 265 175 225 200 share. K A N S A S — National banks June 30; State institutions June 30. K a n s a s C ity —P er share Com m ercial N at B k . 9,262,314 100 190 600,000 264,725 200 Exchange State Bank 2,760,124 100 200 200,000 82,909 C om m erc’l State B k . 1,594,708 100 100,000 107,836 P eople’s N at Bank 3,178,744 100 160 200,000 79,591 175 R iverview State B k . 2,403,962 100 210 100,000 148,418 T o p e k a —Central N at B an k___ 500,000 5,462 879 100 164,654 Farm ers’ N a t B ank100,000 17,466 1,201 ,466 100 Fidelity Sav State Bk 200,000 2,550 ,000 100 15,000 K aw Valley N at Bk 100,000 27,468 585 150 100 M erchants’ N at B k . 135,282 4,269 510 100 200,000 N at Bank o f T op ek a . 296,441 7,656 ,998 100 500,000 Shawnee State B ank850 ,000 100 30,000 60,000 State Savings B an k. 80,000 2,100 ,000 100 100,000 Topeka State B an k . . 1,647 ,339 100 ®50,529 50,000 Central Trust C o ___ 1,951 ,114 100 166,386 400,000 W ic h ita First N ational B an k. 1,000,000 1,021,000 18,196 ,896 100 275 290 First Trust C o ______ 728 ,000 100 100,000 121,006 Fourth N at B an k___ 1,000,000 175 421,036 13,218 ,651 100 160 M erch State B a n k .. 83,000 1,850 ,000 100 125 200 100,000 State Reserve B an k. 500,000 105,000 3,000 ,000 100 90 Southwest N at Bank 1,400 ,917 100 '1 6 6 125 200,000 46,810 Union N a t B an k____ 44,737 150 200,000 1,311 ,512 100 125 U nion Stock Y d s N at 20,106 100.000 640 ,119 100 110 W ichita State B an k . »31,072 1,847 ,086 100 '2 2 5 100,000 K E N T U C K Y — National banks June 30; State institutions June 30. C o v in g to n — c36,594 60,000 C itizens’ N at Bank . 200,000 308,291 First N ational Bank 500,000 469,858 L iberty N at Bank . 350,000 185,000 C ovingtonT r& BkgC o 100,000 C166.211 P eople’s S Bk & T r ._ 100,000 C171.081 L e x in g t o n — Bank o f C om m erce. _ 300,000 261,681 Fayette N at B a n k .. 300,000 335,064 First & C ity N at B k . 800,000 450.000 Guaranty Bank & Tr 300,000 C16.617 Phoenix N at B k & Tr 1,000,000 531,601 Second N at Bank 150,000 257,434 U nion Bank & T r Co 150,000 0 3 6 ,1 0 5 Security Trust C o . _ 500,000 C204.124 L o u is v ille — C itizens’ Union N B . 1,000.000 2,027,509 First N ational B an k . 500,000 648,984 L iberty Ins B ank___ 500,000 cl ,360,000 Security Bank 300.000 C344.975 K en tu ckyT itle T r Co ,250,0001 0 ,2 3 4 ,7 0 7 \100,000) Lincoln Bank & T r _ . 750,000 C344.000 Louisv N at B an k___ 500,000 442,675 N at Bk o f K e n tu ck y. 2.500,000 4,704.465 Stock Yards Bank . . 100,000 77,420 Bankers Trust C o . . 250,000 C33.018 Fidelity & Colum Tr 2,000,000 1,447,840 Louisville Trust C o 1,000,000 C656.764 United States T r C o 350,000 199,102 N e w p o rt— American N at B an k. 100,000 196,499 N ew port N a t B a n k .. 100,000 335,643 100 10(1 UK! 10(1 106 2,816,197 3,246,430 2,591,596 2,646,739 5,147,425 1,322,460 1,975,839 2,490,620 10(1 UK) UK) UK) UK) UK) UK) 100 26,329,413 100 12,840.440 UK) 18,866,000 UK) 2,126,180 UK) 4,476,410 [100 1100 7,000,000 100 9,131,385 100 41,977,243 100 914,395 100 733,496 UK) 4,371,751 100 5,886,724 100 1,474,535 100 1,459,944 2,761,047 L O U IS IA N A — National Banks June 30; State institutions N ew O rle a n s— Am erican Bank & Tr 500,000 353,675 7,459,491 Canal Bank & Trust C o ________________ 4,750,000 3,255,146 71,525,111 Int-State T r & B C o . 750,000 1,211,000 13,821,667 N ew Orl B k & T r C o . 1,200,000 401,004 7,123,416 M arine B k & T r C o . 2,000,000 1,248,289 23,687,098 W hitney-C ent N B . . 2,800,000 r3 ,128,100 60,845,579 Hibernia B k & T r Co 2,000,000 2,720,912 50,746,297 W hitney-C ent T r & Savings B an k____ 1,000,000 7-3,128,100 60,845,579 6 June 30 1926. c O ct. 15 1926. t e r sttart • 1,950,876 2,549,348 5,455,990 4.751,18(1 2,002,136 1.818,366 e Sept. 8 1925. 190 185 126 175 115 Per 160 190 190 250 210 130 180 120 share 165 200 192 100 182J4 185 225 230 270 275 400 Per share 483 487 600 550 275 290 162 250 380 187 90 395 200 114 215 250 150 Per share 100 220 225 100 200 June 30. 100 100 100 100 UK) 100 100 Per share 171 180 250 335 xl5 8 190 325 340 255 162 100 * D ec. 31 1925. 58 M ASSACH USETTS— (Concluded) L OUISIANA (Concluded) Capital. Shreveport— American B k & T C o American N at B a n k . First N ational B a n k . C ity Sav B k & T r C o Com m ercial N at Bk_ Exchange N at B an k . E xch an geB k& T r C o O ontln’l B & T r C o__ Surplus & Profits. $ 51,030 98,970 572,483 543,853 d614,089 48,281 21,390 216,262 150.000 300.000 1,000,000 500.000 1,000,000 200.000 100,000 300,000 Cross Deposits. Par. Bid. Per $ 50 1,174,545 80 2,253,890 100 158 11,483,388 1001 335 7,748,756 100/ 16,864,160 100 215 2,273,773 1001 200 1,037,639 5 0 / 4,265,487 100 180 600,000 300,000 600,000 300,000 400,000 500,000 150,000 250,000 563,494 164,627 571,427 917,675 1,061,321 500,000 47,313 439,199 M ARYLAND— National banks June 30; State Baltimore— Balt C om m ’l B a n k .. 1,000,000 500,391 Calvert B an k_______ 200,000 342,523 Canton N at B an k___ 100,000 125,000 Citizens' N at B an k_. 3,000,000 5,503,119 Chesapeake B o f Balt 50,000 147,928 C om m onw ’lth B ank300.000 6282,021 Dr ov & M echanics’ N ational B ank___ 600,000 1,082,440 Farm & M er N B an k. 650,000 437,055 Mercantile B ank____ 200,000 121,259 M erchants N at Bank 4,000,000 2,902,176 N at Bank o f B alt___ 1,500,000 1,379,018 N at Cent Bk o fB a lt . 400,000 569,496 Nat M arine B an k___ 400,000 342,884 N at Un Bank o f M d 1,000,000 986,549 Old T ow n N at B an k. 800,000 262,824 Park B an k__________ 500,000 380,162 West Baltimore Bank 100,000 139,458 Western N at B a n k .. 750,000 799,958 Baltimore Trust C o . 3.500,000 4,240,033 Oentury Trust C o ___ 1,000,000 1,801,339 Colonial Trust C o ___ 300,000 247,719 Comm erce Trust C o . 750,000 326,945 Continental T r C o . . 1,350,000 1,954,000 Equitable Trust C o . 1,250,000 1,525,945 Fidelity Trust C o ___ 1,000,000 2,407,000 Maryland Trust C o . 1,000,000 810,920 M ercantlle T r & D ep 1,500,000 3,977,407 Safe D ep & Trust Co 1,200,000 4.358,710 Security Storage & Tr 261,319 200,000 T itle Guar & T r C o _ 682,372 400,000 Union Trust C o _____ 1,000.000 1,600,705 Frederick— Citizens’ N at Bank- . 100,000 775,395 C om m ’l State B an k. 160,000 97.151 Farm & M ech N B k . 125,000 307,234 Frederick C o N at Bk 150,000 61,358 Fr’k Tow n Sav In st. 276,307 150,000 Oentral Trust C o ___ 973,667 400.000 4,615,278 100 130 6,530,451 100 140 8,964,029 100 135 9,830,854 100 300 15,004,909 100 300 12,028,940 100 160 95 1,798,727 100 1,250,898 100 300 share 83 165 340 225 215 200 135 150 140 350 360 180 100 350 institutions Sept. 3011.510,620 7,731,541 2,900,000 29,934,096 2,919,728 8,697,113 Per share 100 137K 5(1 155 100 190 10 4 8 ^ 49 25 50 75 50 146 15,493,691 100 405 40 7,166,596 66 25 3,628,120 60 10 27 H 50,631,525 18,358,696 100 250 M 3,957,976 100 245 30 56 5,129,927 9,695,427 100 200 10 10% 3,824,766 10 2 8 ^ 4,747.481 25 1,882,876 55 20 6,062,915 34 ^ 50 128 50,080,158 7,486,419 100 168 M 25 1,946,945 65 3,021,747 50 57 10,868,000 100 242 25 19,716,701 66 50 160 18,600,000 10,539,137 100 186 50 405 18,249,291 11,756,069 100 1200 1,539,794 100 320 9,596,435 100 400 24,840,767 50 225 6,169,480 2,618,201 3,179,802 2,059,240 3,111,234 7,958,429 100 1000 4(1 62 25 75 15 22 100 250 50 200 65 28 260 255 n% 30% 36 129K 59 1250 240 _____ M ASSACHUSETTS— Nat. banks {exa . Boston) June 30; Stateinsts. Oct. 30. Boston— Deposits of N at. banks date Dec. 29 1926 Per share Atlantic N at B ank_ 6,000,000 4,777,697 111,277,000 100 262 265 Boston N at B ank___ 3,719,000 100 _____ l 115 114,422 400.000 Brotherhood o f Loco Engin N at B a n k .. 63,383,332 100 100 66,140 500 ,000 110 Citizens' N at B an k. 480,721 7,980,000 100 130 750 ,000 Oomm Sec N at Bank 5,903,000 100 165 395,655 500, ,000 175 Federal N at B ank___ 1,500 ,000 450,000 27,613,000 100 133 First N ational B an k. 20,000 000 24,120,935 291,541,000 100 347 350 Merchants’ N at B k . 3.000, 000 6,365,677 53,894,000 Kill 377 382 Nat B ock B k o f Bos 1.000, 000 2,606,338 20,233,000 100 450 N at Shawmut B ank- 10,000, 000 8,013,150 167,358,000 100 247 250 Second N at B an k___ 2,000, 000 4,456,675 37,432,000 100 390 W eb & Atlas N B k . . 1,000, 000 1,210,307 11,853.000 100 225 230 American Trust C o . . 1.500, 000 2,862,234 27,795,591 100 435 Bk o f Com m & T r Co 600, 000 160,323 co,650,750 100 J250 260 Beacon Trust C o ____ 1.500, 000 2,184,953 c24,074,063 100 240 250 Boston S D ep & T r . . 1,000, 000 3,992,369 17,016,585 100 475 Charlestown Tr C o . . 25,412 c3,380,238 100 165 200, 000 175 Columbia Trust C o . _ 132,910 c3,007,067 100 175 100, 000 185 Exchange Trust C o . _ 1,000, 000 1,298,750 cl8.695.544 100 200 Jamaica Plain T ru st. 200, 000 66,218 c4.503.447 100 125 Liberty Trust C o ___ 774,379 cl2,290,973 100 214 750, 000 New E ng Trust C o .- 1.000, 000 2,997,332 21,564,994 100 Old C olon y Trust Co 12,000, 000 13,204,750 cl 67362575 100 328 332 B oxbury T ru st_____ 629,374 200, 000 1,858,488 100 105 State Street Tr Co__ 3.000, 000 3,979,833 c60,837,30.3 100 280 U 8 Trust C o _______ 1.000, 000 1,580,180 cl 6,90c, 445 100 500 Wlnthrop Trust C o . _ 85,659 c2,550,105 100 100, 000 B everly— Beverly N at B a n k .. Beverly Trust C o ___ 300.000 100.000 317,412 47,246 3,408,663 cl ,481,240 100 100 Brockton— B rockton N at B ankHom e N at B an k____ Plym outh C o T r C o . 600,000 500.000 200.000 675,750 538,414 98,126 8,878,733 9,470,377 c3,825,624 Per share 100 200 100 *181 100 125 Cambridge— Cam bridge Trust Co Central Trust C o ___ Harvard Trust C o ___ 100,000 500.000 500.000 East Cambridge Lechmere N a t B ank- 100,000 173,207 2,020,713 Per share 100 l_____ 225 5,736,944 323,157 1,579,116 c l3 ,636,268 1,017,211 cl7,159,813 100 100 100 155 160 135 M 140 Per share F a ll R iv er— Fall R iver N at Bank Massasolt-Pocasse N ational B ank___ M etacom et N at B k . Durfee Trust C o ____ Fall R iver lYust____ 400.000 548,320 6,084,044 100 650.000 500.000 800.000 200.000 567,016 410,379 888,199 105,626 5,168,913 4.202,288 6.500,557 3,059,071 100 100 120 100 210 100 105 F it c h b u r g — Fitchburg Bk& Tr Co Safety Fund N at Bk 500.000 500.000 516,884 639,192 4,779,971 6,297,269 100 100 Per share 150 175 180 G lo u c e s te r — Cape Anh N at B ank. Gloucester N at Bank Glouces S D T r C o .. 150.000 100.000 200,000 201,938 95.119 313,687 3,106,224 1,615,031 5,227,162 100 100 100 160 1120 200 * Sale price, a M a y 4, 1926. r D ec. 3 j 1925. s April 12 1926. b June 30. 1926. x Ex-dividend. Capital. Ask. MAINE— National banks June 30; State institutions June 30Bangor— Per share $ First N ational B an k. 400,000 6 886,731 100 85 418,538 M erchants' N a t B k . 100,000 236,712 2,981,027 100 280 Eastern T r & Bkg Co 7,182,321 100 _____ l 500 175,000 939,895 M errill Trust C o ____ 320 500,000 539,487 12,107,826 100 280 Portland— Canal N at B a n k .. Chapman N at B an k. First N ational B an k. Portland N at B an k. Fidelity Trust C o ___ Casco-M ercantile Tr Forest C ity Tr C o ___ Union S D & Tr C o . . [Vol. 124. BANKS A N D TRUST COMPANIES Per share 185 200 .......... Surplus & Profits. Cross Deposits. P ar. Bid. Ask. Haverhill— Essex N ational Bank First N ational B an k. H averhill N at Bank M errim ack N at Bank Haverhill Trust C o . . $ 100,000 200.000 200,000 240,000 200,000 S 304,137 21 Q 705 771 452 337,737 195,314 $ 3,261,245 3 781 886 3 019 947 21422,756 c3 ,777,579 100 100 100 100 100 Holyoke— C ity N ational B an k. H olyoke N at B a n k .. Park N ational B an k . H adley Falls Tr C o . . 500,000 400,000 100,000 500,000 336,000 223,093 152,799 451,226 4,922,000 8,606,723 1,952,085 10,187,748 100 100 100 100 Lawrence— B ay State N at B an k. Arlington Trust C o . . Lawrence Trust C o _ . M erchants’ Trust Co 600,000 200,000 200,000 300,000 289,875 256,327 427,878 496,467 5,024,598 7,881,501 10,0 '5,835 c8 ,661,894 Per share 100 200 100 150 100 180 100 200 Lowell— A ppleton N at B an k. Old Lowell N at Bank Union N ational Bank W am esit N at Bank Lowell Trust C o ___ M iddlesex N at Bank 300,000 200,000 350,000 250,000 240,000 200,000 320,000 293,717 963,922 181,159 212,000 125,393 1,800,000 4,981,184 4,981,173 776,629 3,500,000 4,402,919 Lynn— Central N at B ank___ M anu fac’rs N at B k . N ational C ity B an k. State N ational Bank Essex Trust C o _____ L ynn S D ep & T r Co Sagamore Trust C o _ Security Trust C o ___ 200,000 200,000 300.000 200,000 250,000 100,000 125,000 200,000 620,213 316,854 311,568 35,805 531,052 517,506 54,800 6396,355 6,095,996 5,104,125 5,486,696 1,514,518 3,739,813 4,297,701 1,917,995 c8 ,539,397 Per share 100 255 ________ 100 156 100 170 90 100 100 225 100 400 95 100 100 235 New Bedford— First N ational B ank. M erchants’ N at B k . Safe D eposit N at Bk 500,000 1.000,000 500.000 952,555 1,975,313 826,352 11,458,433 9,559,823 8,057,640 100 100 100 Per 290 355 285 Peabody— Warren N at Bank___ 200,000 243,073 2,637,546 100 Per share 120 120 Salem— M erchants N at Bank Naum keag Trust C o . Salem Trust C o _____ 200,000 250,000 200,000 314,489 479,134 45,045 3,922,141 6,299,384 2,012,454 50 100 100 Per share 87 87 175 175 100 580,935 500.000 500,000 1,015,062 500,000 1,159,703 1.000.000 2,005,161 177,216 350.000 500,000 1,735,472 600,000 1,897,467 167,454 150,000 7,301,719 12,002,118 13,471,701 17,881,995 4,262,110 10,241,806 15,421,639 2,188,063 100 100 100 100 100 100 100 100 160 340 285 440 100 625 700 148 Springfield— Chapin N at B ank___ C hicopee N at Bank. Springfield N at Bank T hird N ational Bank Commercial T r C o .. Springfield S D & Tr Union Trust C o ____ W est Springfield T r. T aunton— M achinists’ N at B k . Brlstol C ounty Tr _ . Worcester— M echanics’ N at B k .. M erchants’ N at Bk. Bancroft Trust C o .. W orcester B k & T rC o. 200r000 300,000 400,000 1,500,000 300,000 1.500.000 215 951 233,261 784,582 654,350 175,680 2,148,468 Per share 150 150 150 115 150 155 135 170 Per 100 135 100 130 100 1270 100 120 100 110 100 x l3 0 share 141 135 275 115 135 share 300 375 295 ________ ________ — Per share 1 659 932 05,244,743 100 100 18,023,941 25,537,825 4,052,145 34,623,196 Per share. 100 275 100 185 190 - - - - 100 110 100 285 125 125 M ICH IGAN— National banks June 30; State institutions Oct. 8 Bay City— B ay C ity B ank_____ B ay C ounty Sav B k . Farmers’ St Sav B k . First N ational B ankP eople’s Com m ercial & Savings B a n k .. Detroit— American State Bank Bank o f D e tro it____ Central Savgs Bank Comm ercial St S Bk C om ’wealth Federal Savings B an k____ D etroit Savings Bank D im e Savings Bank First N ational Bank First State B an k____ Griswold N at B ankHighland P k StateBk M erchants’ N at Bk M ich St B k o f D etr _ N at B k o f Com m erce Peninsular State B k . People’s State B an k. Unlted Savings Bank W ayne C o H o SavBk American Trust C o . . Bankers Trust C o ___ D etroit Trust C o ____ Fidelity Trust C o ___ Guardian T rust C o . . Guaranty Trust C o ._ Security Trust C o ___ Union Trust C o _ _ Per share 170 200 350.000 400.000 100.000 400.000 292,670 309,690 50,000 477,111 4,848,253 6,390,476 1,400,000 5,479,114 100 100 100 100 400.000 880,366 9,125,240 100 225 300 share. 100 100 100 100 Per 212 148 300 120 140 465 460 357 149 200 305 265 142 2,000,000 3.637,560 2,000,000 1.000,000 750.000 1.500.000 1.500.000 7.500.000 2.500.000 2,000.000 1,000,000 2,000.000 250.000 2,000,000 2.500.000 6,000,000 1,000,000 5.000. 500.000 1.000. 000 2,000,000 500.000 1,000,000 300.000 1.000,000 2.000,000 872,930 32,646,991 1,333,606 c40,856,908 2,005,700 39,625,714 251,335 c7 ,604,326 363, 475 2,529, 448 3,491, 510 7.043, 595 927, 347 1,065, 000 1.763, 011 1,826, 474 101, 928 3,091, 577 2,059 082 14,075, 203 418. 402 10,227, 671 000 235. 400 717. 586 6,244. ,459 570 626 1,082. 869 495, 407 2,657, 778 2,803. 053 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 214 100 9 9 100 209 100 901 100 269 100 078 100 C14.621 993 c39,625 714 58,931 436 114,604 834 c21,122 710 13,300 000 C27.172 ,576 26,990 637 2,917 212 62,036 .845 C47.560 ,453 C143105 459 14,158 ,780 c l 11834 ,715 1,325 396 918,302 9,054 911.287 91.058 8,763 927,181 490 315 625 250 545 290 500 530 305 450 575 150 305 125 . 155 205 505 325 640 552 97 296 310 615 Grand Rapids— Industrial B an k____ Grand R ap N at Bank Grand R ap Sav Bank H om e State Bk for S . Kent State B an k____ Old N ational B ank_ Grand Rapids T r C o . 50,000 1,000,000 500.000 250.000 1,000,000 800.000 600,000 86,939 c l , 959,476 599,605 16,864,501 889,390 c20,418,246 119,935 c4,717,25i 1,058,958 cl9,989,134 1,084,535 13,700,636 666,466 91,243,251 100 100 100 100 100 100 100 Per share. 500 200 375 245 300 285 300 225 Saginaw— Bank o f Saginaw____ American State Bank P eople's Sav B a n k .. Second N a t B ank___ 1,000,000 200,000 100,000 1,250,000 1,226,750 238,976 153,543 1,672,993 100 100 100 100 Per share. 225 235 240 250 17,437,509 4,628,470 2,529,345 12,847,452 M INNESOTA— National banks June 30; State institutions June 30. D ulu th— Amer E xch N at Bank 2,000,000 1,414,884 14,476,642 Bank o f C om m & Sav 1,018,831 200,000 51,188 C ity N ational B ank. 5,650,263 521,906 500.000 D uluth N at B ank___ 2,178,109 200.000 93,517 First N ational B an k. 2,000,000 2,233,067 19,777.262 M innesota N at Bank o f D u lu th ______ 600,000 3,910,424 163,018 N orthern N at B an k. 1.000,000 6,560,583 461,897 c Includes savings deposits, d N o v . 13 1926. g Includes trust deposits. Per share. 100 195 100 100 210 100 150 100 225 100 130 100 200 I Last sale, n N om in al. Ja n . 1927.] , M IN N E SO TA (C o n c l.)— N a tio n a l banks J u n e 30; State in stitu tion s Ju ne 30. C apital. Surplus A P ro fits Cross D e p o sits. P a r. M O N T A N A .— N a tio n a l banks J u n e 30; State in stitu tion s J u n e 30. B id. M in n e a p o lis — First N ational B an k . Hennepin C o Sav Bk M arquette N at Bank M etropol N at B an k . Midland N a t Bk & T r Minneapolis T rust C o Northwest N at Bank M arquette T rust C o . Minn Loan & T r C o . 5,500.000 5,432,203 304,985 500.000 39,756 200.000 258,743 500.000 669,472 1,000,000 1,000,000 1,238,288 2,559,263 4.000. 000 62,027 200.000 1,722,287 1.000. 000 82,599,395 10,310,354 1,567,640 11,601,602 21,393,511 16,241,983 73,247,768 2,108,716 16,565,533 S t. P a u l— American N at B an kComm ercial State Bk First N ational B an kM erchants’ N at B k . Nat Exchange B an k. 8t Paul State B a n k .. Payne A ve State B k . Stock Yards N at B k . Twin Cities N at B k . M erch Trust C o ____ Central Trust C o ___ 254,748 11,334,284 400.000 2,596,151 150,736 50,000 3,463,894 52,931,276 3 .000. 000 2,122,256 42,985,072 2.000. 000 3,808,339 119,763 250.000 52,795 1,384,967 100.000 902,902 43,313 120,000 4,197,572 80,657 350.000 46,694 853,165 200.000 7,023,512 406,650 500.000 a24,4Sl 200.000 C a pita l. 100 245 100 100 100 135 100 180 100 100 230 100 100 100 175 100 450 100 100 250 100 100 150 100 150 100 150 100 100 100 75 100 200,000 50,000 200,000 200,000 450,000 297,345 64,578 306,404 88,427 800,449 3,898,235 1,289,686 2,961,876 3,449,578 7,158,824 100 100 100 100 100 ____ V ic k s b u r g — Amer Bank & T r C o . Citizens’ N a t B a n k .. First N ational B an k . M erchants’ N a t B k . Nat C ity S B & T r C o N a tP eop S B k & T r . 150,000 100.000 300,000 250,000 100,000 100,000 27,175 56,000 253,233 308,413 121,125 128,550 1,180,904 350,000 2,299,873 1,798,927 3,033,725 2,500,870 25 100 100 100 100 100 250 142 190 240 200 T ootle-L acy N at B k . Buchanan C o T r C o . Empire Trust C o ____ First Trust C o _____ Missouri Vail T r C o . S t. L o u is — Baden B an k____ ____ Boatm en’s N at Bank Bremen B an k ______ Cass A venue Bank . Cherokee N a t B an k . First N ational B an k. Franklin B an k _____ Grand N a t’I Bk Internat Bank St L ._ Jefferson Bank . _ Jeff-Gravois Bank Lafayette So Side Bk Lowell B a n k . _____ Manchester Bank . Merch Laclede N at Nat Bank o f C om m . 327,421 174,718 514,698 d iS l ,058 242,277 c9,294 dl04,438 180,640 100,669 7,876,320 4,099,049 5,528,321 3,895,928 6,763,152 690,141 2,241,238 2,372,000 1,530,404 178,786 200,000 987,238 2,000,000 200,000 d910.868 365,907 200,000 40,215 200,000 10,000.000 7.030,467 642,482 1,200.000 313,051 700,000 315.237 1,000,000 200,000 304,547 200.000 197,670 2.000,000 d l 447,841 200,000 dl92,138 500.000 295,319 1,700.000 1,953,295 10,000,000 4,001,041 200.000 75,746 1,000.000 340,425 2,507,873 23,691,863 6,629,566 4,945,593 1,068,480 136,108,689 13,357,195 200,000 200.000 500,000 350,000 200,000 100,000 200.000 100,000 100,000 National C ity Bank Scruggs, Vandervoort 80,628 200.000 Barney B an k. _ . 168,447 Sec N B S Trust C o . 250,000 South’n C om & Sav 200.000 dl58,372 St Louis N at B an k. 200.000 43,201 State N ational Bank 2,000.000 1,012,275 Tower Grove Bank 400.000 298,173 Twelfth St N at Bank 51,096 300.000 United States B an k. 1,000.000 d579,095 Water Tow er B an k . . 200.000 d l l 4,391 American Trust C o . . 1,000,000 d593,6 59 Broadway T r Co 200.000 31,791 Chouteau Trust C o . . 200,000 d l09,095 C ity Trust C o . . . . 200,000 65,851 200,000 Easton-Taylor T r C o 91,774 Farm & M erch T r Co 400,000 349,127 Laclede Trust C o ___ 300,000 142,429 Liberty Cent T r C o . 3,000,000 d942,702 Lindeli Trust C o . . . 200,000 52.829 Mercantile Trust C o . 3,000,000 8,209,803 Miss Vail Trust C o . 3,000,000 4,842,267 M ound C ity T r C o . . 200,000 62,349 North St Louis T r Co 200,000 101,571 N orthwest’n T r C o . . 500,000 d947,049 Savings Trust C o ___ 200,000 67,519 South Side Trust C o . 200,000 120, >30 Webster Groves T r . 100,000 116,840 West St Louis T r C o 200,000 160,731 * Sale price, a April 12 1926. stock , r E x-dividend. 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 255 185 P er share. 100 350 100 100 175 100 '00 100 110 100 155 100 175 100 175 7,790,311 4.577,480 4 363,043 23.886,255 3 927,693 5,707,788 2 1 ,4i7,837 74,685.058 1,883,569 13,589,6i6 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 1(H) 100 100 2,921,195 5,635,437 3,588,002 2,390.412 19,260.400 7,879,567 1,642,049 7,559,109 1,508,358 12,0 >2.204 1,723,852 1,740,809 2,097,113 1,876,962 5,428,427 2,081,797 30,691.353 1 482,469 57,081,173 38 620 ,6)6 2,403,170 2,702,601 8,916,901 3.328,710 2,746,751 1,392,667 3,235,791 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 b Sept. 30 1926. 203 170 185 185 153 420 260 140 255 165 1200 200 115 156 200 200 156 150 265 125 275 200 280 160 200 280 162 290 170 125 130 113 168 175 110 165 210 125 120 140 114 145 105 135 210 140 115 123 425 280 135 150 185 200 175 175 150 150 115 155 135 162^ 185 115 135 130 150 166 150 120 295 140 160 200 180 165 c June 30 1926. share. 200,000 500,000 100.000 525,000 300,000 100,000 200,000 1,250,000 650.000 1,000,000 200,000 200,000 750,000 300,000 1,100,000 200.000 3,236,224 3,402,507 3,370,773 9,515,964 4,870,443 2,383,876 2,706,618 133,836 145,578 130,088 594,110 231,709 72,158 51,937 1,060,435 23,031,042 4,547,809 66,628 1,207,970 36,339,563 4,425,320 126,549 102,702 1,511,631 9,620,421 572,078 7,010,099 232,265 822,735 19,557,993 2,304,792 67,874 100 100 100 100 100 100 100 135 100 195 100 100 300 100 145 100 135 100 150 100 185 100 200 100 110 N a sh u a — Old Guar Sav B an k. Indian Head N at Bk Nashua Trust C o ___ Second N a t ofNashua P er sh are. 155 205 P er share. 200 100 160 150 175 200 225 115 N EW H A M P S H IR E — N a tio n a l banks J u n e 30; State in stitu tion s J u n e 30 M a n c h e ste r— P er share Am oskeag N at Bank 3,856,396 100 300 200,000 734,543 First N ational Bank 300,594 2,051,115 100 200 150,000 M anchester N at B k . 393,702 2,414,826 100 250 150,000 M erchants N at Bank 71,434 1,838,972 100 135 150,000 25 125 150 325 225 A sk. 100 100 100 100 O m aha— First N ational Bank Live Stock N at Bank Omaha N at Bank . . Packers N at B an k . Peters N at B ank____ Stock Yards N at B k . ____ State B an k . U S N ational Bank U nion State B an k___ 165 250 210 240 210 190 4,330,000 2,837.179 1,929,547 2,844,032 Lincoln State N at Bk P er share. 710 225 405 237,000 145,348 110,648 256,920 N ebraska S tate B ank l 325 95 200.000 250.000 150.000 250.000 B id . 100 100 100 First N ational Bank N a t B k o f Com m erce 90 700 94 150 140 690 200 380 125 150 190 180 1000 110 140 300 200 240 150 185 200 197 162 'A 175 375 125 250 180 200 $ 12,201,444 1,414,138 12,946,982 C ontinental S tate Bk 165 155 175 110 P er share. 5.100,000 3,732,639 6,542,760 8,677,911 47,272,373 4,187,097 9,899,558 1,020,257 2,038,465 2,82n ,044 3,357,656 4,189,043 887,921 14.050,198 2,144,815 5,08.1,094 4,228,947 1.800,000 2,860,564 1,522,502 111,645,722 27.477.981 5,900,000 2,128,492 6,000.000 3,790,719 5,320,718 $ 770,760 76,520 382,641 L in c o ln — Central N at Bank _ C ity N ational B an k . 260 M IS S O U R I— N a tio n a l banks Ju ne 30; State in stitution s N o v . 22. K a n s a s C ity — C ity Bank o f O __ 100,000 d510,000 58,239 Columbia N at B a n k . 500,000 226,384 Liberty N at B an k___ 500,000 222,632 D rovers’ N at Bank 600,000 First N ational Bank 1,000,000 3,453,040 103,862 Gate C ity N at B a n k . 200,000 948,314 Interstate N a t B an k . 500,000 d28,281 100,000 Linwood State Bank C67.118 100,000 Main St State B an k . M erchants’ B an k. 200,000 d l 10,574 144,859 M etropolitan B an k . . 100,000 150.000 Missouri Sav Assn Bk 100,000 83,700 100,000 Mutual B an k _____ 655,158 New Eng N B k & T r 1,000,000 133,444 100,000 Produce E xch B a n k . 125,614 Traders’ N at B a n k .. 200,000 192,409 Stock Yards N at B k . 300,000 12,000 200,000 Union State Bank . . 156,762 250,000 Western E xch B an k . d93,149 100,000 W estport A ve B an k. Commerce Trust C o . 6,000.000 c2 ,603,430 976,194 Fidelity N at B k & T r 2,000,000 Home Trust Co 300,000 d215,000 143,616 200,000 Mercantile Trust C o . 66,663 Peoples Trust C o _ . 500,000 410,247 Pioneer Trust C o . . 267,500 Fidelity Savs T r C o . 250,000 d292,971 250,000 dl 50,000 P a r. % 300.000 200.000 400.000 N E B R A S K A — N a tio n a l banks J u n e 30; State in stitu tio n s J u n e 30. 200 25 105 165 250 210 225 Gross D e p o s its . H e le n a — Am erican N at B an k. N at Bk o f M on ta n a . M ontana T r & S B k . U nion Bank & T r C o 250 P er share. Jack son — Capital N at B an k___ Citizens Sav B k & Tr First N ational B an k . Jackson-State N B k . M erch Bank & T r C o Surplu s A P ro fits . B u t te — First N ational B an k . M iners S Bk & T r Co M etals Bank & T r C o Per share. M IS S IS S IP P I— N a tio n a l banks Ju ne 30; State in stitution s J u n e 30. S t. J o s e p h — American N at B an k . Burnes N at Bank . . First N ational Bank _ 59 BANKS AND TEUST COMPANIES S200.000 100,000 200,000 150,000 117,027 325,603 364,840 224,722 3,444,707 3,240,168 4,852,000 3,782,731 100 118 100 300 100 180 100 200 P o r t s m o u th — First N ational B an k. N at M ech & Trad Bk N ew H am p N at B k . 150,000 100,000 100 000 122,652 41,898 148,147 2,280,152 977,594 1,012,141 100 150 100 110 100 200 N E W J E R S E Y — N a tio n a anks J u n e 30: State in stitu tion s J u n e 30. A s b u r y P a rk — Asb Pk & O c'n Or Bk M erchants N at Bank A sbury Park T r C o _ Seacoast Trust C o ._ 400.000 400.000 150.000 350.000 723,822 157,486 209,966 448,819 6,399,338 2,214,126 2,956,247 5,097,796 100 100 100 100 A t la n t ic C ity — A tlantic C ity N at Bk Boardwalk N at Bank Chelsea N at B a n k .. Second N at B ank___ Union N ational Bank A tlantic C o Trust C o A tlantic S D & T r C o Bankers Trust C o ___ Chelsea Safe D & T r . Guarantee Trust C o . E quitable Trust C o . M arine Trust C o ____ 200,000 400.000 200.000 250.000 100.000 200,000 300.000 100.000 100,000 600,000 200,000 200,000 1,085,252 745,603 639,018 217,085 347,424 434,193 589,454 170,192 117,697 820,516 362,195 685,483 9,249 821 2,197. 738 7,733 470 5,079 000 2,587 601 2,507 511 7,221 577 2,535. 019 2,142 967 7,018, 006 4,376 269 5,375 826 100 100 100 800 100 100 100 100 100 100 100 100 100 B ayonne— B ayonne Trust C o _ . M echanics’ Trust C o 300.000 500.000 531,583 610,846 8,374,358 10,567,891 100 50 315 145 B r id g e t o n — Bridgeton N at B an k. Cum berland N at B k . Farm & M er N at B k . Cumberland T r C o _ . 100.000 150.000 150.000 150.000 272,072 466,821 186,519 229,470 2,177,940 3,016,828 1,517,720 1,753,402 100 10(1 10(1 100 410 550 226 310 C am d en — Cam den N at B a n k .. 100 000 First N at State Bank 1.000 000 Cam den S D & T r Co 750 000 B ’w ay M erch T r C o . 500, 000 Central Trust C o ___ 100 000 East End Trust C o _ . 100 000 M erchants’ Trust C o 250 000 Parkside T itle T r rk> 200 000 Security Trust C o ___ 200 000 W est Jersey Trust Co 200 000 618,541 ,522,055 ,029,229 ,068,418 566,536 133,807 377,508 355,891 543,158 690,000 6,352,856 18,698,282 13,520,001 5,972,447 3,688,594 2,440,402 4,576,011 3,217,698 4,781,602 4,546,000 100 100 25 10(1 25 10(1 100 10(1 10(1 100 *764 *327 *131 *252 *106 *200 *250 *250 *400 *425 — E ast O ra n g e — Ampere B ank______ East Orange B a n k .. Essex C o Trust C o _ . Sav Inv & Trust C o . 660,211 189,430 536,475 715,252 1,501,446 4,517,757 9,537,742 16,200,891 100 1(M ) 100 100 200 200 400 375 — E liz a b e th — Elizabethport B k C o N ational State Bank Peoples N at B an k___ Central H om e T r C o Elizabeth Trust C o . . U nion C ounty T r Co H oboken— First N ational B an k. Second Bk & T r C o . Colum bia Trust C o ._ H oboken Trust C o _ Hudson Trust C o ___ Jefferson Trust C o . . Steneck Trust C o ___ 100,000 250.000 500.000 750.000 250.000 700.000 300.000 200.000 500.000 400.000 450,793 1,139,890 236,617 114,189 344,871 882,288 500.000 1,160,821 13,240,652 6,047,488 182,572 350.000 1,916,965 102,503 100.000 5,145,465 287,071 200,000 1,000.000 2,542,314 32,209,318 7,244,742 400.000 313,910 649,242 12,597,398 600.000 J ersey C it y — Journal Sq N at Bank 91,534 250.000 Clarem ont B an k____ 440,047 200.000 First N ational B an k . 1,000.000 1,682,592 Franklin N at B a n k .. 111,819 200.000 M erchants’ N at B k . 250.000 236,113 Comm ercial T r N J ._ 2,000,000 2,604,631 Greenv B k & T r C o . 440,923 200.000 Lincoln Trust C o ___ 630,433 600,000 M ercantile Trust C o . 200,000 335,000 N J T Guar & T r C o . 1.300.000 1,343,454 Trust C o o f N J ____ 2.500.000 2,831,424 750.000 Un T r & Hud C o N B 881,398 W est Bergen T r C o . . 90,218 200.000 d A u g. 25 1926. 6,226,255 11,611,744 3,299,372 3,360,716 4.644,790 13,088,098 e D e c. 31 1925. 2,870,977 10,005,482 18,816,375 3,433,572 5,312,290 49,155,032 7,670,863 6,485,621 10,030,561 24,634,410 58,796,393 23,646,786 1,766,109 I Last sale, P er share 560 310 P er share. P er share. 100 400 50 165 100 200 100 175 100 225 100 520 P er share. 25 KM ) 100 100 100 100 100 102 M 300 175 _____ 295 545 215 265 100 100 100 100 100 100 100 100 100 100 100 100 100 175 250 200 175 300 515 350 230 500 450 450 500 150 P er share. s G uaranty F un d, 2 15 t N ew 60 BANKS AND TRUST COMPANIES N E W J E R S E Y — (C o n c lu d e d ) Surplus Profits Capital. L ong B ran ch - N EW Y O R K — (C o n t in u e d ) . Gross Deposits. Par. Ask. Per share 325 200 220 % 100,00( 150,000 S 230,51S 201,174 S 2,555,172 2,508,278 100 50 200,000 200,00C 150,00( 800.000 371,649 167,92] 123,10C 917,823 5,458,368 5,946,976 1,765,227 8,744,764 100 50 100 100 100,000 100,001 200,00C 100,000 92,250 224,891 143,275 183,298 805,372 1,603,805 1,130,674 688,999 25 50 100 100 Per (275 (100 (175 (300 Per 40 150 135 125 604,104 1,200,000 133,383 200,000 342.53C 600,000 1,350,000 2,051,931 238,898 200,000 9,437,950 2,033,875 2,717,106 16,422,074 2,653,805 100 100 100 100 100 295 200 200 485 300 2,500,000 1,609,641 35,027,160 7,556.250 500,000 1,078,991 995,239 12,703,388 400,000 405,898 5,504,184 300,000 559,874 8,358,041 400,000 3,500,000 3,338,348 27,883,941 5.250,000 5,050,346 73,928,494 7,012,048 5,000,000 2,860,665 763,337 15,958,009 500,000 124,882 3,048,727 200,000 120,674 2,315,204 200,000 105,294 1,031,807 200,000 66,379 822,211 200,000 460,823 8,160,259 200,000 116,418 2,273,236 200,000 453,372 3,697,406 300,000 218,518 3,004,619 200,000 8,753,487 600,000 d757,898 100 100 109 100 100 100 100 100 100 100 100 100 100 59,000 1,045,000 303,334 128,879 474,550 2,023,324 13,800,000 4,178,905 2,443,325 6,063,014 100 100 100 100 100 385 500 600 550 400 495 720 160 600 180 425 180 200 600 300 475 350 825 Per 150 350 280 175 280 93,315 4,152,176 186,742 4,885,248 673,422 7,500,010 185,083 3,572,167 250,000 8,715,604 225,064 4,938,718 2,542,314 32,209,318 100 100 100 100 100 100 100 M o r rlsto w n — M t. H o lly — M t H olly N at Bank Union N at B an k___ Farmers’ Trust C o . M t H olly S D & T rN ew a rk — Broad & M arket N I C it N B k & T r C o .. Lincoln N at B ank___ M er & M frs N B k ___ Banking C o . C ity Trust C o ______ Clinton Trust C o ___ Federal Trust Co Fidelity Union Tr „ „ Guardian Trust C o . Iron B ound Trust Liberty Trust C o ___ Newark Trust C o . _ N orth End Trust C o . So Side N B & T Co Springfield A v T r Co Vailsburgh Trust C o . Washington Trust Co Weequahlc Trust Co West Side Trust C o . N ew B ru n sw ick Cits N at B k o f N B r. Nat Bank o f N J Peoples N at B a n k . . Middlesex T G & T Co New Brunsw Tr Co N o r th & W est H u First N at Bank o f Union C ity First N B k, W est N Y Oom m onw’lth Tr Co Guttenberg B & T Co Weehawken Tr C o . Highland Trust C o . . Hudson Trust C o . P a ssa ic— Amer N ational Bank Merchants Bank Passaic N Bk& Tr Co C ity Trust C o ______ Hobart Trust Co People’s Bk & T r C o . Service Trust Co P a te r so n — First N ational B an k. Paterson N at B an k. Second N at B ank___ Nat Bank o f Amer Paterson Sav Inst Citizens’ Trust Co Franklin Trust Co Hamilton Trust Co U 8 Trust C o ____ P la in fie ld — First N ational Bank M id -C ity Trust C o . . Plainfield Trust C o . . State Trust C o _____ Title Guar & T r C o . T r e n to n — Broad St N at B an k. Capital C ity T r C o . . First N ational B an k. Hanover Trust C o M echanics’ N at B k . Trenton Banking Co Colonial Trust C o ___ Mercer Trust C o ____ Trenton Trust C o . . . Wilbur Trust C o ____ W ood bu ry— Farm & M echanics’ N ational B an k___ First N a t’l B an k___ W oodbu ry Trust C o . 250,000 500,000 200,000 100,000 300,000 d son — 250,000 100,000 600,000 100,000 600,000 300,000 1,000,000 51,149 553,481 200,000 111,928 1,825,385 100,000 1,500,000 2,142,317 23,799,211 265,874 4,610,640 200,000 360,398 4,469,186 300,000 8,624,178 600,000 1,076,096 1,269,898 400.000 d257,281 800,056 9,222,220 1,145,193 14,350,754 1,209,381 12,656,181 327,335 3,830,934 1,755,596 23,518,115 725,000 11,663,570 538,247 3,949,483 565,068 11,267,982 1,475,880 20,289,070 600,000 1,200.000 750,000 500,000 1,000,000 500,000 600,000 600,000 350,000 100 100 170 260 Per 100 125 100 225 100 300 100 300 100 300 100 325 100 170 Per 100 415 100 280 50 225 100 167 25 170 100 450 100 180 100 315 100 675 200,000 200,000 616,300 150,000 250,000 389,941 80,000 989,491 218,647 59,084 6,296,370 1,003,818 19,454,673 3,852,274 1,044,800 100 100 100 100 100 250,000 150,000 .500,000 200.000 1,000,000 750,000 100,000 300,000 750,000 100,000 953,699 154,060 1,278,588 204,792 1,589,438 1,384,594 210,002 634,891 1,129,089 62,181 12,557,862 1,269,216 11,054,165 5.176,193 19,588,408 12,460,791 3,680,755 6,084,486 11,187,995 1,756,748 100 100 100 100 50 50 100 100 100 100 100,000 100,000 100,000 323,564 260,000 241,814 1,877,433 2,500,000 1,271,242 share. share. 43 160 137 135 300 505 1 62 ' share 400 300 200 share 150 325 350 share 290 (230 (225 (215 420 200 400 210 265 230 225 275 260 185 100 400 50 185 100 350 B r o o k ly n — State B ank & Tru Nat. banks 300,000 200.000 100,000 200.000 200,000 1,000.000 400,000 100,000 400.000 2,150,000 1,000.000 2,000,000 1.000.000 200,000 100.000 2.000,000 500,000 10.000,000 1,000,000 st Co. retur ns date Nov. 15. Per June 30. 1,937,703 151,030 206,800 5,276,500 100 325 75,800 2,323,300 118,000 2,614,400 97,863 1,272.363 1.493.800 15,692,100 100 z400 282,200 4,354,100 50.000 1,502,200 70,400 778,000 140 3.508 376 57.941,240 50 320 1.558,766 5,269,938 100 350 1,009,112 28,864,712 100 312 1.700.200 19,452,600 100 2/320 546.500 8,630,700 100 700 64,900 1,562,700 5.315,664 54,303,443 100 805 5,031,461 2,759,401 100 2100 14,782,338 208,844,432 100 547 546,824 9,616,976 100 270 z E x ^ fv id e n d Ce'v E ^rfehts1 1925 6 June 30 1926‘ Surplus & Profits. Capital. B u ffa lo — 3,500,000 P eople’s B a n k . ____ 1,000,000 C om m unity N at B k . 750.000 M a n 'f’rs&Trad T rC o 3.000,000 M arine Trust C o ____ 10,000.000 E lm ira— M erchants’ N at Bk 250.000 Second N at B an k ___ 400.000 Chemung Can T Co 600.000 J a m e s to w n — 200,000 Am erican N a t B an k. Bank o f Jamestown 250.000 Farmers & M ech B k . 600.000 T he First N at Bank 153 300 I.iberty N at Bank 200,000 500.000 N at C hautauq C o Bk U nion Trust Co 300.000 Cross Deposits. $ i s 5,960,742 58,424,124 1,271,404 28,216,066 633,123 13,766,162 4,888,496 88,375,334 16,272,155 199,867,201 Par Bid. 277,149 975,674 1,042,867j 2,954,997 8,801,085 8,929,311 Per 10( 390 KM 275 1()( 270 10( 465 51 266 Per ior 225 10C 305 100 275 247,743 655,489 551,212 612,599 67,692| 871,460! 640,266 4,084,660 5,968.629 6,634,797 3,925,215 1.380,363 8,344,136 2,523,710 100 KM 101 io r i or M il 100 275 425 230 475 250 375 repo rted ne of da te June dividend r Broo klyn m e257 Per 224,007 e7.731,914'. 647,662 el3,414,095 100 208 5,286,607 92,035,000 100 300 50 230 15,854,258 161,040,000 3,053,676 084,079,035 100 310 1,028,775 9,791,000 100 640 — 240,480 135 774.000 e l , 820,000 I 3,224,000 58,344,000 000 390 215,900 e6,974,700 Ido 345 897,453 e9,217,770 100 1325 353,700 67,966.800 100 510 205.000 e2,615,400 100 200 960,800 625,376,400 100 222 000 36,782,700 560,832,000 100 420 N ew Y o r k C ity — Deposits N are o f date D ec. ;31 1926 for National and \Nov. 15 19 26 fo r Stat e banks. A o f banks and trust companies in New Y o rk City and found in our “ Rai lway and 1 ndustrial” Section, pay 450 200 400 N EW Y O R K — National banks (except New York City), June 30; State insti tutions. N ov. 15 1926. A lb a n y Per share Central B an k______ 100.00C 158,346 3,216,530 100 165 M ech & Farmers___ 250,000 1,368,086 4,018,972 100 500 550 Nat C om Bk & T r C o 1,500,000 3,795.954 49.150,055 100 425 450 N Y State N at Bank. 1.250,000 2.435,675 42,967.947 100 260 265 First Trust C o ____ 1,000,000 1,800,000 24,000,000 100 A u bu rn — Per share Cayuga C o N at B k ._ 200,000 397,833 3.462,534 100 (210 Nat Bank o f Auburn 200,000 219,644 4,511,479 100 (125 Auburn Trust C o . . 150,000 427,206 6,512,925 100 375 400 B in g h a m to n — Per share Citizens B an k_____ 150.000 106,821 2,653,717 100 140 150 C ity N ational Bank 200,000 515.841 7,254,055 100 325 350 First N ational Bank 400,000 589,216 8,847.162 100 220 230 People’s Trust C o . . 500,000 610,486 7,962,103 100 175 200 A tlantic State B an k. Bank o f Coney Island Bank ofS b eep s’d Bay Bushwick N at B an k. Citizens B k o f Bklyn First N ational B ankGlobe Exchange B k . Kensington B a n k .. L afayette N at B an k. M echanics’ B an k___ M ontauk B an k_____ M unicipal B an k____ Nassau N at B an k___ People’s N at B a n k .. Security State Bank Brooklyn Trust C o . . Kings Co Trust Co . . M anufacturers' TrC o M idw ood Trust C o . . [Vol .1 - . 21 share 375 415 318 330 815 2200 552 280 c Sept. 30, 1926. 485 272 share 300 450 250 500 100 300 400 t and 3 0 ’26 eco rd ay be share s Amalg Bank o f N Y . 300,000 215 Amer Union B a n k .. 1,500,000 Bank o f Am erica____ 6,500,000 315 233 Bank o f M anhat C o . 10,700,000 320 Bank o f U S ________ 4,000.000 750 Bank o f W ash H g ts. 400,000 142 B ank o f Y o r k t o w n .. 1,000,000 Berardini State Bank 150,000 B o w e r y * E a s t River N a t Bank o f N Y _ . 3.000. 400 365 B roadway Cent Bank 300.000 Bronx Borough Bank 150.000 1425 Bronx N ational Bank 300.000 525 Bryant Park B a n k .. 200.000 225 229 C apito! N at B an k___I 2.000. ________ Chase N ational Bank 40,000,666 425 Cent M ercantile Bk & Trust Co 2,500,000 1,910,198 e35,389,286 100 275 285 Central N a t B ank___ 2,000,000! 500,000 65,482,300 — 145 152 C entury Bank (The) 32,422, e729,494 100,000! Chatham Phenix Nat Bk & T r C o ______ 13,500,000 12,763,700 213,748,000 100 370 375 Chelsea E xch B an k . . 1,500,000, 909,939 e l8 ,491,490 100 275 280 Chem ical N at B ank- 4,500,000 18,535,700 127,749,000 100 885 892 Colonial B an k______ 1,200,000 3,305,275 32,781,000 100 800 1000 81,364 e l ,050,156 Colum bus B an k____ 200,000 C om m ’l E x Bk o f N Y 1,500,600 - - - - 739,946 14,321,000 ‘ Too '2 9 0 " C om m onw ealth Bank 800,0o6 Continental B ank___ 1,000,000 1,269,500 6,231,000 100 265 280 Corn Exchange Bank 11,666,000 15,269,769 203,457,000 100 545 549 C osm opolitan B an k . 600,006 381,000 e9,810,410 100 290 Eastern E xch B a n k . 166,600 30,000 e l ,471,500 _____ Fifth Avenue B a n k .. 566,660 2,985,000 26,921,000 100 2200 2400 First N ational B an k . 10,000,000 74,875,300 229,292,000 100 x2775 2^25 _____ 480.200 Franklin N at B a n k .. 800,000 160 175 Garfield N at B a n k .. 1,000,600 1,782,200 16.721.000 100 385 395 100,000 Gimbel Bros B an k___ 125.200 e l ,364,800 Grace N at Bk o f N Y 1,000,000 1,883,600 11.596.000 io o 350 Greenwich B an k____ 1,000,000, 2,645,049 26.266.000 100 535 550 H am ilton N at B an k . 1,500,000! 572,300 613,223,100 100 215 222 H anover N at B a n k .. 5,000,000 26,003,200 109,171,000 100 1090 ......... 15l , 3f)0, e2,585,200 Harlem Bk o f C om m 100,000 Harriman N at B an k . 1,000,000 ,540,200 640,617,900 100 635 655 Internat Union Bank 250,666 210,028 e3,825,418 171,100 61,490,300 — Lebanon N at B a n k .. 566,666 ............ — L iberty N at B ank___ 1 ,506,6o6 764,400 68,289.600 Longacre B an k_____ 566,666 388,747| e9,058.906 M adison State B an k . 200,000 80,964 e2,880,035 M utual B an k_________ 560,000 910,573 el8,266,564 100 610 N at Bk o f Com m erce 25.000. 000 41,943,000 369,63 ),000 100 426 431 N ational C ity B an k. 50.000. 000 63,133,500 834,254,000 100 634 639 N ational Park B ank. 10.000. 100 495 000 24,152,000 134,799,000 505 N ew N etherland B k . 600,000i 507,165 e l4 ,555,831 100 330 340 Penn Exchange Bank 500.000 161,872: e3,543.147 100 130 140 P ort Morris B ank___ 100.000 147,700 e3,891,200 400 Prisco State B a n k ___ 150.000 208,9001 e2,659,890 Public N at B an k____ 5.000. 1661 _____ 560 000: 7.556,100 6109958500 555 __________ ____________ Seaboard Nat B an k. 6.000. 000 10,415,363 125,991,000 x710 x710 100 100 720 Seventh N at B k ____ 1,000,000 337.800, 66,268,000 100 162 172 Standard B an k_____ 250.000 439,3)91 e7,444,400 100 665 800 State B an k__________ 5.000. 000 5,761,586 105.84:,000 100 590 600 T rade Bank o f N Y . _ 500.000 278,219 e4,034,941 ____ 170 180 United N at Bk in N Y 1.000. 000 500,100 613,856.600 — 185 200 200.000 W orld Exch Bank___ 115.800, e2,495.400 Trust Co. returns da te N ov. 15 1926. Am erican Trust C o _ 4.000. 000 3,415.409 44,673,139 100 A nglo South A m T r . 1.000. 000 --------------- — 646,358 — — B k o f Athens T r C o . 500.000 506,772 1.247,553 Banca C om It T r Co 1.000. 000 766,934 8,615,7271 Bank ofE urope T r C o 1,000 000 685,831 Banco di Sicilia T r C o _____ 600.000 197,708 5,735,478 Bank o f N Y & T r C o 4.000. 000 13,354,696 102.424.745 100 690 710 Bankers Trust Co 20,000,000 35,540,753 380,050,522 100 658 664 B ronx C ounty T r C o 1,000.000 796,725 16,156,700 100 310 330 Central Union T r C o 12,500,000 28,254,151 250,186,789, 100 930 935 C ounty Trust C o . . . 1,000,000| 564,690 9 ,1 9 5 ,5 ’ 0 310 325 Empire Trust C o ___! 4,000,0001 4,135,272 64,736,972 100 372 377 E quitable Trust C o . 30,000,000 22,907,926 384,054,794 100 3^9 314 Farmers’ L & T r C o . 10,000,000 19,908,801 146,058,966 100 555 560 Federation Bk& Tr C o 750,000 972,0471 16,250,065 Fidelity T r C o ______ 4,000,000 3,235,401 44,797,012 100 305 310 Fulton Trust C o ____ I 1,000,000 1,428,984 14.893,635 100 450 475 G uaranty Trust C o__ 25,000,000 25,202,569 518.815,530 100! 457 463 In t A ccep t Sec & T r . | 500,000 535.000 3,766,000 Interstate Trust Co_| 3,000,000 900.000 4,089,213 1001 196 202 A m Ex Irving T r C o . 32,000,000 /28808.490 424,945,000 100 315 319 Italian D isc & T r Co 1.000.000 659,021 8,215,912 1001 Lawyers’ Trust C o . . 3.000. 000 3.429,519 19,821,043 100 M urray Hill Trust Co 1.000. 000 1,022,597 2,949,671 220 225 N ew Y ork Trust C o . 10.000,000 21,813,04 >208,304,894 100 550 555 Term inal Trust C o . . 700.000 292,320 5,434,933!____ 175 185 T itle Guar & T r C o . . 10,000,000 19,506,800 44,516,390; 100 692 700 Trust C o o f N or A m . 500.000 205,998 3 ,1 9 3 .8 1 6 -----U S M tge & T r C o . . 3.000. 000 4,964,966 66,207,879 100 410 420 U S Trust C o o f N Y 2.000. 000 19,818,293 46,776,350 100 1770 1820 Jamaica, L. I .— Jamaica N a t B a n k .. 200.000 145,400 3,163,400 100 R o c h e s te r — Lincoln-Alliance B k . N at Bank o f R o ch _ Central Trust C o ___ Genesee Vail T r C o . . R och Trust & S D C o Security Trust C o ___ Union Trust C o _____ 330 Ask share 400 2.000.000 1,200,000 600,000 400.000 1,000.000 300.000 1.500,000 3,331,449 415,048 696,962 942,582 2,129,382 1,857,203 1,095,430 54,171,977 16,500,849 18,072.726 18,268,326 41,246,132 28,959.501 32,714,465 S c h e n e c ta d y — M ohaw k N at B a n k .. U nion N ational Bank Citizens Trust C o ___ Schenectady T r C o ._ 400.000 300.000 300.000 500.000 359,192 810,433 452,356 1.242,000 4,915.575 9,988,567 8.677,581 16,756,000 d Apr. 12 1926. e N o v . 15 1926. / D e c . 13 1926. Per 100 293 100 125 100 235 100 400 100 360 100 1000 100 195 share 300 245 201 25 70 100 400 100 270 285 100 400 425 (L a s t sale. ( N ew stock. O H IO — (C o n c lu d e d ) N EW Y O R K (C o n c lu d e d ) Capital. S y ra cu se — C ity Bank Trust C o . Liberty N at B an k___ M ercb N at Bk & T r . Salt Springs N at Bk.. Third National Bank First Trust & D ep C o Syracuse Trust C o __ T roy— Manurac'rs N at B k . National C ity B an k . Nat St Bk o f T r o y . . United N at B an k___ Surplus & Profits. Gross Deposits Par. Bid. Ask share 201 195 210 265 $ 2.500.00C 300.00C 500,00C 800.00C 300,00C 2.5 0 0,00C 1,500.000 8 1,367.761 161,051 584,215 448,922 242.781 2,290.452 1,477,734 $ 29,084,477 3,832,254 6,295,803 6,981,836 3,7 6 6 ,20G 50,515,062 36,644,991 10(1 10(1 10(1 100 100 1(10 100 Per 197 185 205 255 175 300 285 1,000,000 300,000 250.000 300.000 240,000 200,000 1,581,147 28,097,958 657,105 6,855,367 4,552,262 463,652 479,137 6,709,129 979,144 474,469 4,243,839 227,079 100 100 100 50 100 100 Per 410 200 240 200 300 200 100 100 100 100 100 Per 275 250 240 245 100 305 292 share. 425 225 250 325 share. 285 260 245 250 102 U tica — First Bk & T r ... Oneida N at B an k___ Citizens’ Trust C o . . Utica T r & D ep C o . . Utica N at Bk & T r . . 1.500,000 600,000 1,000.000 1,000,000 1.000,000 2,419,712 1,122,052 1,207,641 949,719 365.810 19.309,197 5,572,287 17,243,796 14,866,060 5,194,754 W a te rto w n — Jefferson C o N a t B k Watertown N at Bk North'n N Y T r C o . 500,000 200,000 400,000 538,042 244,643 1.040,513 7,682,123 4,335,113 9,211,752 Nom. prices 100 240 100 225 235 350 100 325 200.000 500,000 978.132 783,181 11,396,784 17,598,572 Per share. 100 550 100 350 100.000 400.000 150.000 250.000 200.000 26,847 561,754 149,94$ 218.493 789,439 1,568,087 12,437,799 3,062.976 5,591,414 9,899,728 100 100 100 250 100 140 100 340 125,000 100.000 206,006 C312.411 1,192,779 2,743,370 100 100 100.000 520,077 7.647,890 50 100,000 209,108 3,127,047 100 (300 250,000 300,000 100,000 100,000 325,798 281,560 164,753 269,759 6,224,903 1.695,720 3,149,401 2,449,846 100 100 100 100 325 215 (285 350 340 260,000 1,000,000 300 000 300,000 C420.148 1,232,596 88o,832 599,998 7,501,537 4,686,794 9,749,343 9,334,030 100 100 100 50 500 525 225 230 200.000 300,000 350,000 264,781 1,154,498 182,437 6,908,201 11,004,134 8,190,548 100 100 100 W e stch ester C o— ■Aft. Vernon— 1st N . M t Vernon T r C o . New Rochelle— Nat C ity B an k___ North A ve Bank . Huguenot T r C o . N Rochelle T r Co Ossining— 1st N a t & Ossining Trust B k. •Peekskill— Westches C o N a t. Pleasantville— M t Pleasant B k . . ■Port Chester— 1st N . Bk. & T r C o _____ M utual Trust C o . •Rye— Rye N at B k _ Tarrytown N a t B k . White Plains— West T itle & Tr C o Yonkers— First N a t. Yonkers N at Bank Westches’r T r C o . Yonkers Trust C o . 145 400 390 550 170 175 N O R T H C A R O L IN A — N at. banks June 30: State institutions N ov. 4. C h a r lo tte — Oharlotte N at B an k. 500,000 695,468 4,604,013 C om m ercial N at B k 3,586,398 683,345 500,000 First N ational B an k. 300,000 778,027 2,204,775 Mer & Farm N B k - . 200,000 538,715 3,142,650 200,000 383,134 Union N at B an k____ 3,079,535 1,200,000 American Trust Co 906,003 16,236,753 independ’ce T r C o . . 1,000,000 866,449 5,132,205 D u rh a m — 100,000 C itizens' N at Bank 127,106 1,725,918 100.000 Fidelity Bank 7,164,582 989,948 542,143 600,000 6,749,132 First N ational Bank 100,000 99,000 1,324.000 Hom e Savings B ank100,000 Merchants’ B ank___ 1,823,034 159,407 G re e n sb o ro — Atlantic Bk & T r Co 1.250,000 979.008 10,107,948 Greensboro B k & Tr 457,427 4,035,344 788,313 R a le ig h — 300,000 Citizens N at Bank 183,300 4,281,663 600,000 C o m m ’l N at Bank . 236,506 8,225,663 100,000 Raleigh Bkg & Tr Co 229,346 1,838,684 Raleigh S B & T r Co 282,834 2,055,664 100,000 W ilm in g to n — M urchison N at B k .. 1.000,000 1,155,489 12,435,008 198,912 P eop le’s Sav B a n k -. 2,174,579 65,000 W ilm Sav & Tr C o . . 493.576 4,750,251 300,000 W in sto n -S a le m — 48.000 1,750,000 P eople’s N at B a n k .. 150,000 W achovia Bk & T r . . 2,175,000 2,078,731 41,070,062 100 100 10(1 100 100 100 100 Per 200 225 325 300 325 185 185 100 25 100 25 50 180 225 185 48 110 100 100 180 155 Per 160 141 225 240 Per 198 105 200 100 100 100 100 25 50 100 l 75 100 200 share. 225 240 340 200 188 185 190 50 120 180 160 share. 165 250 share. 200 125 220 210 N O R T H D A K O T A — N at. banks June 30 State institutions June 29. F a rgo— Dakota N at B a n k .. Fargo N ational B k _ . First N ational B an k . M erchants N at B k . . ■3eeurity N at B a n k .. Northern Trust C o__ 150.000 50,000 300.000 100.000 100,000 100.000 90,128 56,348 300,642 116,359 21,005 85,876 1,583,268 761,546 6,559,262 2,201.120 1,183,149 739,585 Per share. 100 100 100 100 100 . . . . . . — 100 O H IO — National banks June 30; State institutions Oct. 4 A k ron — Central Sav & T r ._ C om m ercial S & T r . D epositors Sav & T r . Dim e Savings B an k. O hio State Bk & T r Standard Sav Bank Firestone Pk T r & SB First Trust & S B k . . C a n to n — C en t Sav B A T C o . Dim e Savings B an k. First N ational B an k. C in c in n a t i— Atlas N at B ank____ Bk o f Com m & T r Co Brighton Bk & T r Co Brotherhood o f R y Clerks N at B k ___ Oinn Bk & T r C o . C olum bia B & S C o C osm op Bk & T r C o . H yde Park Sav Bank Lincoln N at B a n k .. N orth Side B ank___ O akley B an k______ . Pearl M arket B an k. 61 BANKS AND TRUST COMPANIES Ja n . 1927.] , 777,997 16,202,303 1,000.000 355,593 5,375,326 300,000 639,00C 500.000 8,500,000 277,668 200.000 3,625,572 649,267 500,000 9,119,905 30,193 100,000 517,123 5,226,532 218,711 200,000 1.500,000 2,359,849 29,379,588 100 10(1 10(1 10(1 10(1 100 100 100 Per 250 200 200 195 175 90 160 265 share. 225 205 185 100 180 200.000 500,000 500,000 87,694 264,674 1,203,747 3,874,455 5,010,189 12,986,147 100 165 100 100 375 400,000 500,000 500,000 1,196,096 141,406 487,908 8,923,619 3,706,903 14,675,618 Per share. 100 430 100 150 160 100 550 53,554 200.000 306,757 150,000 290,743 100.000 300,711 350.000 6.000,000 4,914,293 135,106 100,000 500.000 1.169,631 290,000 100,000 139,343 100,000 578.109 400.000 3,811,756 3,917,212 2,443,985 8,135,149 40,384,992 2,132,639 7,428,348 2,377,000 2 ,7 3 6 ,i31 9,675.197 100 100 100 100 100 100 100 50 50 100 110 250 50 150 344 225 350 140 120 200 190 60 165 235 450 175 125 _____ Capital C in c in n a t i (Con.) People's Bk & Sv Co P rov S Bk & T r Co Second N at B a n k . . So Ohio S Bk & T r Co Wash Bk & Sav C o . W estern Bk & T r Co F ifth - T hird - UnioD $ 200.00( 1,620,00( 1.000,00( 250,00C 250.00C 1.000.00( 4,000,000 Surplus & Profits. Gross Deposits. $ 322 ,58( 1,977.288 889,375 391,893 112,989 1,503,898 $ 4,948,351 33,015,335 8,164,917 5,019,806 2,90S,79( 17,754.343 39,000,000 5,000,000 C le v e la n d — Amer Sav Bank C o . B roth’d o f L oco Eng C o-Oper N at B k .. Cent N at B k S a v & T r C lev Sav & Loan C o . Lorain St Sav & Tr . . M idland B an k_____ N ational C ity B an k. Pearl St S & Tr C o . . United B k & T r C o . . Cleveland Trust C o . Guardian Trust Co . 285.87C Bid. A sk. Per sh ort 10( 260 40 42 1(; 100 220 240 io r 225 i or 165 10C 300 6,000,000 100.000 Par. Per share 340 500 3,534,771 100 1,000,000 350,645 24,487,497 1,800,000 3,342,265 50,498,357 250,000 332,897 2,800,160 400,000 594,373 8,741.431 2,000,000 1,044,681 24,769,577 2,000,000 1,081.755 25,134,098 1,500,000 1,320,800 28,754,818 1,500,000 1,080,791 23.822,600 8,600,000 5.319.761 231.919,125 4,000.000 5.682,910 126,585,019 253,241 1,000 000 4,504,823 900 000 5874,565 3,712,206 U nion T ru st C o ____ 22.850.000 14.195,680 292,618,399 100 100 100 10(1 100 100 100 100 100 100 1D O 100 100 C o lu m b u s — Brunson Sav Bank Citizens B a n k .. C ityN atB k o f C olum . Colum bus N at Bank Columbus Sav B an k. C o m m e ri N at Bank F ifth A ve Sav Bank Huntington N at B k . M arket E xch Bank N orthern Sav Bk Co First N at B a n k .. . Ohio N ational B an k. 100 100 100 100 100 100 100 100 100 100 100 100 305 314 Per sh ort 300 310 D a y to n — C ity N ational B ank. M erchants’ N at Bk & Trust C o _______ T hird N at Bank & Trust Co Winters N Bk & Tr 200,000 1,500,000 500.000 500,000 50.000 600,000 100,000 1,800,000 100,000 100,000 500,000 1,500,000 500,000 200,000 21,219 1,060,880 750,824 27,083,884 581,998 7,039,833 92,573 3,618,069 108,289 1,280,208 1.134,594 10,150,545 125,661 1,860,475 2,108,487 25,012,846 343,057 3,378,525 42,585 1,237,647 690,830 10,014,732 1.931.772 20,132,343 290 _____ i 132>4 270 _____ i 174 295 267 285 307 249 217 175 22014 Per sh ort 533,938 13,004,526 100 206,814 185 303 105 250 330 360 311 450 190 320 110 340 318 315 320 4,845,727 100 195 200 381,153 5,681,466 502,020 11,824,542 210,087 6,915,800 859,83 B 19,084,799 100 100 100 100 200 165 205 175 275 300 T o le d o — 29,236 C ity Savings Bank 100,000 1,071,734 200,000 575,464 15,149,623 C om Sav B & Tr C o . D im e S Bk & T r C o . 453,783 10.286,474 300,000 First N ational B an k. 500,000 1,744,752 10.799,159 C om Guard T r & Sav 1.400,000 1,397,878 26,839,620 H om e Bank & T r Co 1.000.000 557,963 9,902,743 Ohio S Bk & T r C o . 1.000,000 2,869,562 41,818,622 Peoples Bk & T r C o 130,882 2,432,876 200,000 Secur S B & T r C o . . 749,600 1,112,972 13,4-±6,592 Spitzer-R T & S Bk 280,755 3,002,919 600,000 Toledo Trust C o . 5.000,000 3,357,207 36,339,938 U nion T r & Sav Bk__ 412,940 1.701,773 250,000 100 100 50 100 100 100 100 100 100 100 100 100 Per share 130 310 275 350 200 170 400 150 250 220 190 250 Y ou n g stow n — Central Bank Co . C ity T r & Sav Bank C om m er’l N at B an k. D ollar Sav & Tr C o . . First National Bank M ahoning N at Bank M ahoning Sav & T r . Second N at Bank South Side Sav Bank Per 100 100 238 100 235 100 195 100 195 100 175 100 100 115 100 135 D ayton Sav & Tr Co 400,000 1,000,000 250,000 600,000 150,000 1.000,000 500,000 2,500,000 2,500,000 1.000,000 150,000 200,000 100,000 7,450 1,394,258 732,154 2,221,349 2,101,411 443,711 6174,504 61,612 62,900 625,000 10,749,997 7,543,198 18,482,343 16,524,362 4.037,950 2,150,352 1,124,123 940,000 short 65 243 240 196 196 176 125 O K L A H O M A — National banks June 30. G u th r ie — First N ational B an k. First State B a n k .. 100,000 50,000 76,464 27,780 3,304,342 1,236,111 100 100 M cA lester— First N at B k o f M cA M cAlester Trust C o . 100,000 50,000 19,530 81,529 1,713,350 2,622,711 100 M u sk og ee— Com m ercial N a t B k . First N ational B an k . 300,000 500.000 69.841 134,154 4,016,369 6.585.356 Per share 100 150 200 100 200 225 O k la h o m a C ity — American N at B an k. Farmers' N at B an k . Fidelity N at Bank . First N ational B an k. Liberty N at B an k___ Security N at B a n k .. Tradesm en’s N at Bk 1,000,000 200,000 300.000 1,000,000 600,000 750,000 500.000 345,433 54,513 73,851 329,154 147,737 380,000 115,000 16,781,809 4,043,693 4,479,485 22,201,236 9,506,352 13,500,000 4,259,361 100 100 100 100 100 100 100 T u ls a — Central N at B an k___ Exchange N at B an k . First N ational Bank N at B k o f C o m ’erce. Producers N at Bank Security N at Bank . Exchange Trust C o . . 1,000,000 2,000,000 1,000,000 200.000 250,000 500,000 650,000 420,255 9,789,953 1,081,328 46,207,379 224,244 23,577,013 121,141 4,755,071 93,238 4,340,582 183,302 7,051,192 520,383 1,943,982 100 100 100 100 100 100 100 Per Per Per share 200 175 200 250 200 250 225 250 O R E O O N — National banks June 30; State institutions June 30. P o r t la n d — Per B roth'd C o-O pre N B 200.000 50,000 1,875,126 100 G W Bates & C o ____ 100,000 20,968 1,237,660 100 Can B k o f C o m ’c e ___ 300.000 117,946 3,981,195 100 220 Citizens B a n k _____ 200,000 100.098 4,105,838 100 190 First N ational B an k. 2,500,000 1,248,810 38,402,289 100 217 Hibernia C & Sav B k 200,000 223,214 7.258,931 100 190 Live Stock State B k . 50.000 12,571 447.119 100 N ’western N at Bank 2,000,000 508,362 20,722,733 100 Peninsular N at Bank 200.000 60.967 2,094,941 100 125 Portland N a t’l Bank 200,000 52,612 2,542,879 100 140 United States N B k . 2,400.000 2,753,550 55,148,541 100 389 West Coast N at B k . 300,000 122,910 4,419,847 100 170 Security Sav & T r Co 494,442 500,000 4,612,528 100 L brm en’s T r C o B k . 200.000 73,056 2.492,829 100 120 share 123 225 200 222 200 135 135 150 390 185 130 • Sale price, a Includes C ity Trust & Savings B a n k , b June 30 1926. cSept. 30 1926. a A p ril 12 1926. h D ec. 31 1925. (.Last Sale. * E x-dividend. 62 BANKS AND TEUST COMPANIES P E N N S Y L V A N IA — ( C o n c lu d e d ). P E N N S Y L V A N IA — N at. banks (except Phila.) June 30; State inst. Sept. 27. Surplus & Profits. Capital. A lle n to w n — Allentown N a t Bank M erchants N a t Bank R idge A ve D ep Bk_ Second N at B an k— Allentown Trust C o . Citizens Trust C o — Lohigh Vail Trust C o Penh T rust C o ---------A lt o o n a — M ountain C ity T r Co E rie— Secur Sav & T r O o ._ H a rris b u rg — n om mou wealth T r Co L a n c a s te r — Gross Deposits. Par. Bid. A sk. Per 400 750 180 1090 140 185 525 125 share 430 800 220 1110 166 200 550 150 $ 1,278,849 1,363,912 100,396 1,159,276 461,827 345,820 953,155 281,217 $ 9,137,176 6,501,329 1,484,614 6,370,376 2,563,592 3,099,763 4,883,168 2,890,447 100 100 50 100 30 50 50 50 150,000 100,000 200,000 250.000 246,800 162,962 504,506 582,919 251,162 668,059 374,809 292,879 4,595,622 3,143,610 2,301,652 2,564,973 2,586,382 2,169,996 Per share 100 _ . 1300 . Z500 100 1 200 100 _ 100 300 100 _____ l 210 60 30 57 125.000 300,000 300,000 200,000 600,000 175,700 500,000 200,000 191,684 1,301,357 717,539 347,814 1,025,123 688,322 1,175,996 694,633 2,051,100 9,418,676 7,400,809 4,566,280 12,248,076 1,923,580 8,823,856 5,833,611 75,402 200,000 300,000 691,955 734,972 400,000 e96,292 125,000 750,200 61,829,446 606,754 300,000 923,431 400,000 156,962 286,010 276,004 250,000 1,814,424 2,552,853 3,280,136 1,090,862 7,876,641 4,778,926 4,061,735 1,350,586 3,511,771 200,000 200.000 300,000 263,125 225,000 300,000 250,000 200,000 400,000 300,000 773,199 389,307 712,547 143,677 1,312,600 195,457 1,795,117 636,714 879,847 264,140 4,890,538 3,633,461 3,256,004 1,764,302 7,418,900 1,226,922 9,570,943 3,989,275 4,833,632 2,623,943 Per _____ l *400 . . i _____ i 250 _____ l ..........1 ..........1 215 205 130 325 337 % share 150 75 180 Per 50 25 x72 25 50 92 100 z415 100 100 10 z l5 100 171 100 100 50 25 50 100 50 50 50 100 share 175 500.000 5,000,000 250,000 Bk & T r C o o f W Phil 500,000 1,500,000 2.200.000 1,000,000 275,000 1,950,000 125,000 6,000.000 125,000 350,000 200,000 200.000 1,000,000 500,000 300,000 N a t B k o f G erm ant’n 500,000 250.000 400,000 200.000 300,000 250,000 500,000 1,000,000 1,000,000 8,000.000 500,000 Quaker C ity N at Bk 280,000 300,000 500,000 200.000 500,000 400,000 Tradesm en’s N at B k . 1,000,000 1,000,000 200,000 1.000,000 Aldine Trust C o — 243,950 500,000 Fidelity Phila T r C o Finance C o, 1st pref Frankford Trust C o . Franklin Trust C o . . Germ antown T r C o . Girard A v T & T C o . Girard Trust C o -----Guar T r & S D C o . . Haddington T & T C o Hamilton Trust C o . . H olm esburg T r C o . . Indus’l T r, T & S ay . Integrity Trust C o . . M arket St T & T r Co M etropolitan T r C o . N inth Bank & T r C o N orthern C ent Trust N ortheast-Tacony Bank & Trust C o . * Sale price, E x-dividend. 500,000 750,000 400.000 125,000 1,000,000 500,000 1,500,000 1,000,000 239,225 300,000 200,000 6,700,000 al,470,000 a l , 530,000 250,000 1,500.000 1,000,000 200,000 3,000,000 1,000.000 125,000 200,000 125,000 500,000 750.000 200,000 500,000 200,000 3,000,000 700,000 1,000,000 250,000 500,000 1,000,000 1,000,000 400,000 500,000 684,000 6,449,037 249,167 477,822 5,495,189 7,075,538 330,964 1,695,504 4.888,367 355,857 18,311,478 113,763 840,830 73,183 996,605 3,063,190 739,938 1,445,127 293,694 2,162,748 733,184 1.248,133 81,233 461,565 518,386 3.674,726 443,014 19,900,217 874,928 1,183,463 688,536 1,057,789 232,312 722,188 521,273 3,225,301 1,503,489 122,906 1,069,346 409,195 315,547 250,000 a Capital paid 162,902 B ank o f P ittsb, N A . 375 175 Per _____ l _____ l ..........1 _____ l _____ l _____ l ____ l _____ l _____ l _____ 1 Colum bia N at B an k. D iam ond N at B an k. share 500 320 156% 4 8% 429 % 196% 540 245% 290 220 1,527,641 in; authorized 60 _____ z 220% _____ z 1»1 % _____ z 75 _____ z 190 _____ z 331 _____ z 540 _____ z 258 ..........z 46 ..........z 164 _____ z 526 ..........1 695 _____ z 276% _____ z 214 _____ z 232 _____ z 451 __ l 505 _ l 310 _____ z 1350 _____ z 306 _____ z 177% _____ z 205% _____ z 85% ..........z 405 _____ z 556 _____ z 70 _____ z 355 _____ z 90 ..........z 785% _____ z 183 400% _____ z 115 _____ z 115 ..........z 135 ..........z 450 _____ z 116% ..........1 830 l 94 am ount is larger, $ 200,000 500,000 150,000 500,000 250.000 150.000 Surplus A Profits. $ 77,341 1,014.868 1,374,258 405,844 19,7,365 371,284 4,000,000 17,713.902 400,000 1,000,000 300,000 96,940 2,000,000 9,069,413 j 3 , 131,200 1,579,425 Real Estate T I & Tr 2,000,000 4,266,581 R epublic Trust C o _ 683,012 750.000 145,400 R ichm ond Trust C o . 43,860 R oxborough T r C o . 257,300 150,000 Susq T itle & T r C o 150,000 35,340 125,000 246 , 98 330,439 150,000 171,800 125,000 1.000.000 1,325 298 United Sec L I & T r 2,000,000 2,763,941 W est Phila T & T C o 500.000 1,044,490 P it ts b u r g h — 100,000 75,000 200,000 100,000 3,000,000 125,000 500,000 150,000 500,000 600,000 600.000 Duquesne N at B an k. Per share 166% 50 3,840,000 51,528,852 100 _____ Z 380 90 2,279,241 50 ____1 67,018,129 50 _____ Z 295 38,878,000 1011 ......... 1 681 72,273,000 100 _____ 1 709 6 3,049,190 100 ......... i 216 6,625,000 10(1 ..........1 995 57,426,000 100 _____ i 470 127% 50 2,297,653 129,822,000 10C ..........i 583 3,282,693 ... i 198 7,936,000 5C 86% 1,021,581 6 8,788,211 100 _____ 1 468 23,916,000 100 _____ i 481 6 9,904,313 100 _____ 1 260% 610,020,963 50 _____ i 410% 6 4,152,963 100 _____ 1 261 9,433,000 100 ..........1 1016 8,628.000 100 _____ 1 320 6,618,000 100 _____ Z 751 63,454,267 100 ..........1 155 5(1 _____ 1 220 6,828.765 50 _____ Z 153% 6,445,000 15,077,000 100 _____ 1 616 50 _____ z 145 21,062,248 190,956,000 100 _____ z 665 5,571,000 100 _____ z 277 611,386,495 100 _____ z 605 7,113,000 100 ..........z 300 12,831,000 100 ..........1 350 2,265,000 100 _____ z 206% 33b % 7,330,000 100 5,712,000 100 _____ z 225% 20,582,000 100 _____ z 486 18,879,000 100 _____ z 253 50 1,516,498 3,662,833 100 _____ z 265% 5(1 _____ z 118 3,164,990 50 ..........z 70 2.295,730 260,353 1,1341941 50 1,544,910 11,571,398 4,621,783 100 339,486 50 46,884 1,237,790 50 1,250,049 12,519,096 1,050,244 6,503,522 100 4,820,876 10,953,748 100 50 2,236.221 16,073,535 50 ®119,940 1,645,467 591,542 50 4,644,933 425,212 6,213,408 100 24,151,584 80,646,305 100 4,745,262 1,438,698 1100 1100 50 894,566 9,207,350 2,916,056 34,202,050 100 2,132,565 17,247,574 100 50 481,298 4,090,061 11,664,256 66,437,757 100 1,207,612 12,269,858 100 197,085 3,082,136 100 355,189 4,471,544 100 196,432 50 1,838,709 50 2,085,701 10,764,506 60 3,881,908 16,589,220 81,182 60 1,630,524 50 1,558,684 12,620,193 50 56,580 1,406,781 14,489,356 22,811,567 100 50 1,247,404 8,728,288 50 2,973,838 13,274,572 25 578,428 3,374,680 50 304,051 3,638,449 50 781,286 8,962,914 2,033,835 16,029,900 100 50 3,950,793 219,485 3,348,943 12,725,307 100 P h ila .— (Con.) N ortheastern T & T r N or Phila Trust C o . . N orthwestern T r C o Oak Lane Trust C o . . Parkw ay Trust C o . . Pelham Trust C o ___ Penn C o for Insur on Lives & Grant Ann T r & Safe D ep C o . Penn W ’h ’g & S D C o All N ations D ep B k . 425 P h ila d e lp h ia — D e posits o f N ational ban ksdate Jan. 3 19 27 C o b h ’s Ork T & T Co Capital. $ 1.000,000 400.000 60,000 300,000 364.000 250,000 600,000 300,000 100 100 100 100 100 100 100 100 [Vol. 124. 500,000 750,000 6,000,000 500,000 100,000 100,000 6,000,000 200,000 200,000 Freehold Bank . . _ Highland N at B an k. 200,000 H om ew ood P eop B k . 100,000 Iron & Glass D ol Sav 172,700 600,000 300,000 7,500,000 M etropolitan Sav'gs 200,000 1,000,000 200,000 100.000 200,000 100,000 100,000 300,000 2d N at B k o f A ll ’gh' y 500,000 2,000,000 1,000.000 250,000 700,000 250,000 125,000 2,600,000 1.500,000 . 450,000 D ollar Sav & T r C o . . 1,000,000 125,000 250,000 1,320,000 Fidel T itle & T r Co 2.000,000 175,000 H azlew ood S & T Co 165,400 Hill T o p S & T C o . 150,000 250,000 125,000 200.000 300,000 M etr Sav B k & T r C o Peoples Sav & T m st Pittsburgh D ep T itle W est End S B & Tr 4,000,000 250,000 Gross Deposits S 2,189,399 9,038,885 11,293,403 2,450,965 1,702,060 2,350,547 P ar. 50 50 50 100 100 100 60,544,347 100 707,246 50 1,576,537 60 19,106,067 100 6,715,879 lin n jin n 8,662,102 7inn 4,590,412 50 1,752,515 100 2,725,000 50 485,486 60 1,577,811 2,188,543 inn 2,557,000 50 6,157,541 100 18,243,325 ion 8,342,459 50 _____ z 860 _____ l 100 _____ l 60% _____ l 709 — . 1 110 l 235 _____ l 550 _____ z 198 ..........1 100 _____ z 151 _____ z 62% _1 _____ z 275 _____ z 135 l _____ l 3Qn _____ l 246% 3,450,000 255,000 1,887,906 89,049 1,431,485 86,651 1,582,629 343,809 5,164,388 54,261,269 2,599,867 244,493 906,752 12,548,112 8,820,392 869,903 1,602,628 16,185,451 1,522,663 10,465,498 2,231,893 21,020,040 2,130,028 38,900,243 8,582,687 1,003,412 9,243,561 1,088,098 4,541,294 54,177,005 1,194,763 13,083,622 2,510,696 217,483 2,220,000 276,240 7,100,782 72,179,066 5,007,697 364,035 1, 01,925 1,119,900 3,720,556 230,183 4,067,446 192,061 3,541,993 622,438 8,268,520 1,279,898 2,403,335 282,517 7,873,979 140,550,973 87,135 2,380,000 595,102 216,762 365,299 251,635 39,694 1,239,186 464,980 6,227,255 2,073,708 603,545 954,533 6259,912 57,976 4,350,506 1,649,098 351,143 1,990,486 85,560 405,988 722,478 6,491,347 330,000 389,600 300,256 2,474,111 15,373,580 6,071,062 2,230,315 1,696,684 2,285,378 1,266,991 6,383,395 3,677,445 24,070,670 30,897,420 3,400,413 6,032,825 2,290,825 1,977,566 27,032,414 12,550,457 1,660,804 12,694,225 1,722,584 10,049,646 562,167 15,430,275 3,257,000 3,050,000 2,889,322 374,000 r86,543 87,135 443,471 3,426,000 1,481,773 2,474,111 5,982,921 50 60 100 50 50 175 95 60 ion 355 50 50 100 100 100 235 60 100 160 100 50 100 100 inn 50 100 100 50 100 372 100 240 100 140 100 50 100 x320 100 inn 175 inn 50 50 100 inn inn 400 io n 50 16 6 231 100 50 inn 100 100 325 50 100 100 100 435 25 100 190 50 60 50 100 100 Keystone B an k_____ N orth Scranton B k . Providence B an k___ Peoples Sav & Dim e South Side B an k___ Third N at B an k____ Union N at B an k ____ A nthracite T r C o ___ L incoln Trust C o ___ b June 30 1926. 178 400 90 308 72 130 120 27n 280 300 83 69 8,544,096 29,511,051 3,737,610 337.852 100 390 100 275 125.000 »16,672 1,067,759 2,000,000 2,621,230 16,489,682 500,000 7,010,287 657,408 150,000 1,426,006 257,595 400,000 6162,500 4,526,540 125,000 246,212 1,721,804 400,000 5.633,501 542,251 125,000 616,657 66,727 1,500,000 49,238,702 129,867,580 350,000 1,480^084 7,613,199 125,000 749,500 4,500,000 125,000 1,748,082 178,284 100 100 225 100 100 100 100 100 100 100 100 4000 100 550 50 50 50,000 S cra n ton — Bosak State B an k___ Ask. Per share z 70 _____ Z 339 _____ z 610 _____ z 250 ..........1 160 _____ l 337 1,816,465 12,358,890 50 R e a d in g — N ational Union B k . . Penn N at B an k____ Reading N at B a n k .. Second N at B an k___ Berks C o Trust C o ._ C olonial Trust C o ___ Pennsylvania T r C o . Reading Trust C o . . Bid. 500,010 1,823,318 200.000 1,047,076 300,000 833,631 500,000 1,486,427 300.000 1,061,023 750,000 848,612 500,000 371,159 1,000.000 2,537,000 500.000 1,288,809 9,111,440 2,315,393 5,808,526 11,012,043 2,947,595 6,931,754 3,654,352 13,900,000 2,406,389 30 25 100 100 100 10 10 100 100 300 1000 Per 165 160 390 5 )0 510 39 22 620 495 share■ 170 165 400 525 525 40 23 625 500 500,000 500.000 80,000 2,000.000 50,000 125,000 200.000 75,000 735,000 703,530 175,016 3,561,032 119,354 223,720 322,769 203,668 5,250,000 7,164,249 1,337,531 3,066,230 866,823 1,393,399 2,853,180 1,516,016 Per share. 50 282 289 100 444 50 150 100 895 50 224 60 160 50 245 60 c l2 8 1,000,000 200.000 400,000 500,000 500,000 120,000 500,000 500,000 1,555,621 325,000 1,384,238 1,134,955 376,022 410,469 508,816 340,569 6,007,627 3,000,000 9,034,207 9,743,300 3,845.063 2,930,499 3,833,847 3 ,4 7 0 ,2 .0 100 50 100 100 100 50 5ft 100 c N ew . < Sept. 19 1924. Z Last sale, 514 225 540 712 240 197 234 226 550 244 238 233 c A pril 12 1926. Jan., 1927.] TE N N E SSE E — (C o n c lu d e d ) P E N N S Y L V A N IA (C o n c lu d e d ).— Capital. W ilk es-B arre— Dime Bk T it & T r C o First N ational B an k. Hanover Bk & T r . . Heights Deposit B k . Liberty St Bk & T C o Miners’ B k o f W - B . . Penn B k & T r C o ___ Second N a t B an k___ Bo Side B k & T r C o . Union Sav B k & T r . W-B D ep & Sav Bk W yom ing N at B an k . W yom ing Val T r C o . W illia m s p o rt— First N ational B a n k . Lycoming N at B k ._ West Branch N B k . Williamsport N B k__ Northern Central T r C o ________________ Susq Trust C o ______ Y ork— Central N at B a n k .. D rov & M ech N B k . First N ational B a n k . Western N at B a n k .. York C o N at B a n k .. York N a t’l B an k ___ Citlz Savs & T r C o . Guar T r C o o f Y ork York Trust C o ____ Surplus & Profits. * $ 641,793 379,300 375,000 1,125,066 349,662 250,000 214,339 50.000 109,419 150,000 2,000,000 4.769,139 348,544 200.000 1.000,000 2,869,091 173,481 125,000 311,779 436,500 787,048 300,000 988,894 500,000 350,000 1,403,398 Gross Deposits. Par. $ 50 3.754,680 7,123,589 100 1,525,104 60 1,586,922 50 1,302,999 60 60 18 980.520 2,385,294 1(H) 10,069,774 100 1,720,152 60 1,784,912 t 25 50 4,976,003 5,165,402 60 5,869,613 60 Bid. Ask. Per 185 285 140 225 90 200 275 500 120 50 400 154 230 share 425 158 240 Per 275 295 520 240 share. 275 300 525 240 300 145 240 95 _____ 125 300,000 200,000 600.000 250.000 525,540 432,972 1,991,938 363,000 4,012,037 1,376,197 5,659.133 1,200,000 100 100 100 100 500,000 500,000 489,548 720,483 4,439,037 3,723,206 100 275 60 120 250.000 100,000 500,000 225.000 300.000 500.000 500,000 500,000 500,000 231,738 326,183 536,273 370,484 868,511 560,260 231,045 580,580 700,081 1,826,995 2,112,678 5,378,334 2,700,237 2,933,782 3,453,280 2,559,952 3,428,170 3,229,543 Per share. 100 180 100 250 100 220 100 180 20 64 25 55 39 X 38 25 25 62 50 120 275 120 R H O D E IS L A N D — National banks June 30; State institutions Sept. 8. N e w p o rt— Aquldneck N at E xch Newport N at B an k . Newport Trust C o __ Per share. 300.000 120.000 300,000 P ro v id e n ce — Blackstone Can N a t. Columbus E xch B k . Hlgh Street Bank . . M echanics’ N at B k . Nat Bank o f C om m . Phenix N at B an k___ Providence N at B k . Industrial Trust C o . Lincoln Trust C o ___ Rhode I Hos T r C o . Union Trust C o ____ 500,000 200,000 120,000 500,000 850,000 450,000 1,500.000 4,000,000 125,000 3,000,000 1,000,000 W oon sock et— Citizens’ N at B a n k .. N ational G lobe B k . . W oonsocket Trust Co 100,000 100,000 75,000 358,204 105,659 350,295 6,084,904 621,381 4,304,281 3,742,049 835,677 2,850,000 143,000 2,341,347 202,449 6,164,200 367,200 1,280,792 7,859,576 1,227,961 2,846,480 2,857,625 11.491.220 9.039,496 136,755,663 1,182.104 140.398 6,617,206 104,927,068 1,007,707 22,477,413 62,531 100,761 174,833 1,137,993 899,891 3,277,321 50 60 100 9i 160 /I ll 93 165 Per share. 25 67 60 50 100 60 60 60 105 50 114 100 280 100 410 420 25 1000 5000 100 170 100 25 100 Per share. 110 47 45 S O U T H C A R O L IN A — National banks June 30; State institutions Dec. 13. Per 100 150 100 271 100 225 100 120 100 140 100 200 280 250 125 150 210 100 50 110 50 share. C h a r le s to n —• Atlantic N at B a n k .. Atlantic Sav Bank . Carolina Sav B a n k .. Miners & M erch Bk People’s-First N at Bk So Carolina N a t B k . 200,000 200,000 200,000 50,000 1,000,000 1,100,000 G reen v ille— Amer Bk & T r C o _ Farmers & M er B k _ . First N ational B an k. Peoples N at B k ____ Piedmont Sav & T r . W oodside N a t B k ___ 225,000 25,000 200,000 200,000 50,000 250,000 51,466 63,749 293,357 463,898 98,435 n85,612 1,346,975 291,418 1,943,607 ?,841,805 2,016,312 3,162,341 100 e 100 119 121 S p a r ta n b u r g — American N at B k _ . Bank o f C om m erce . Carolina N at B an k. Central N at B a n k .. Dollar Sav Bank First N ational B an k. Mer & Farm B a n k .. Southern Trust C o__ 150,000 100,000 200,000 400,000 100,000 500,000 100,000 60,000 142,352 66,032 72,797 317,654 10.424 207,565 130,415 34.628 674,399 781,023 1,205,221 2,943,488 538,314 2,822,652 938,634 450,700 100 165 100 150 100 100 100 164 100 75 100 147 100 220 100 145 170 155 105 166 80 151 225 150 3,299,982 140,481 4,124,612 437,679 203,539 2,652,780 439,095 37,328 535,639 8,579,601 995,440 21,729,281 105 TEN N ESSEE— National banks J u n e 30; State institutions N ov. 22. C h a tta n o o g a — Amer T r & Bkg C o _ Chattanooga S B k & 3,920,914 100 First N ational B an k. Hamilton N at B an k. Hamilton T r & S B k . 1,000,000 6,259,397 795,336 1.250.000 1,285,165 17,524,350 1.500.000 rl,124,144 t -17,693,364 -17,693,364 250,000 r l , 124,144 t K n o x v ille — C ity N ational B an k. East Tenn N at Bank East Tenn Sav Bank Holston N at B a n k .. Union N at B ank____ 600,000 1,000,000 200,000 500.000 500,000 Per share 100 100 100 100 500,000 M em phis— Bank or Com & T rC o 3.000,000 100,000 Columbia Sav Bank First N ational B an k. 1,000,000 100,000 Amer S B & T rust— Fidelity Bk & Tr C o . 1,000,000 300,000 Liberty S Bk & T r . . 150,000 M an Sav Bk & T r . . 100,000 Solvent S Bk & T r . . 50,000 State Savings B an k. Union & Planters’ Bank & Trust C o . 2,500,000 673,010 14,148,792 8,321,819 4,153,680 4,403,268 6,066,908 Per 100 250 100 240 100 100 225 100 165 share 300 250 2,535,995 29,908,991 750,324 65,324 1,006,570 18,642,839 2,268 659 d l22 072 5.250,966 129,161 4,322.585 228,026 4,327,628 234,556 711,521 01,553 73,982 1,399,209 Per 100 390 100 165 100 290 100 295 100 94 100 165 100 545 10 8 100 303 share 393 170 295 300 97 170 575 10 100 Capital. N a sh v ille— American N at B an k. American T r u s t . ___ Broadway N at Bank Central N at B an k___ Com m erce-Union B k Fourth & 1st B & TO o Fourth & First N B . Tennessee Hermitage N ational B an k___ L iberty B k & T r C o . N ashville Trust O o _ . 425,679 28,589,210 115 175 Surplus & Profits. $ 1,500,000 500,000 300,000 300,000 500,000 500,000 1.500,000 % 1,403,094 269,241 320,443 100.014 370,603 162,832 1,522,001 300,000 100,000 350,000 66,308 25,756 484,144 Gross D eposits. Par. Bid. A ik. State Institu tioris A p r . 12 1926. Per share $ 18,532,324 100 320 325 4,084,934 100 320 325 4,336,088 100 290 300 2,474,282 100 160 165 6.625,547 100 218 225 8,231,238 100 322 330 21,539,483 100 322 330 1,436,589 679,188 4,477,959 100 100 100 101 126 250 102 129 270 T E X A S — National banks, June 30: State institutions, June 30. A u s tin — American N at B an k. Austin N at B an k___ Citizens State Bank Texas Bank & T ru st. 300,000 300,000 125,000 200,000 549,709 744,896 43,291 61,000 5,534,113 6,221,982 2,325,920 2,000.000 Per shart 100 265 100 250 100 100 B e a u m o n t— Am erican N at B an k. C ity N a t’l B an k____ First N ational B an k. Secur St B k & T ru st. Texas N ational Bank 250,000 250,000 400,000 100,000 250,000 506,953 101,929 440,582 12,000 97,318 5,143,570 2,155,540 6,980,614 753,628 2,941,412 Per share 100 300 100 125 100 225 100 115 125 100 /n o D a llas— Am E xch N at B an k. C ity N ational B an k. M ercantile N at Bank M ercantile T r & S Bk Dallas N at B an k____ R epublic N at B an k. N at Bk o f C om m ’c e . N orth Texas N B k . . Dallas T r & Sav B k . R epublic Tr& Sav Bk State Trust & Sav Bk 5.000,000 3.000,000 750,000 250,000 500,000 2,500,000 150,000 1,000,000 1,000,000 500,000 100,000 El P a so— First N ational B an k. State N at B a n k ____ Am er T r & Sav B k . . 1,000,000 300,000 300,000 F ort W orth — Continental N at B k . Farm & M ech N B k . First N ational B an k. Ft W orth State Bank F t W orth N at B an k. Stockyards N at B k .. Texas N a t’l B an k___ 750,000 1,000,000 1,000,000 100,000 1,000,000 200,000 500.000 G a lv e s to n — C ity N ational B an k. First N ational B an k. South Texas N at B k . U S N ational B a n k .. 200,000 200,000 750,000 1,000,000 H ou ston — Citizens State B an k. 100,000 First N ational B an k. 2,500,000 Guaranty N a t B an k. 200,000 G u lf State B an k____ 100,000 H ouston N at Bank_ 600,000 Seaport N at B an k___ 250,000 Second N at B an k___ 1,000,000 N a t Bank o f C om m . 500,000 Public N at B ank____ 300,000 State N at B an k_____ 500,000 Union N at B an k____ 1,000,000 South Texas C om m ’l N at B a n k .. ____ 1,500,000 Guardian Trust C o . . 300.000 H ouston Land & T r . 1,000,000 M arine Bank & Trust 300,000 San Jacinto T rust___ 300,000 S an A n t o n io — A lam o N a t B ank____ C ity N ational B an k. Com m ercial N at B k . Frost N ational Bank G roos N at B an k____ Guar B ond State B k . L ockw ood N at Bank N at B k o f C om m ’c e . Sam H ouston State Bank & T r u s t __ San A ntonio N at B k . Central Trust C o . . C om ’wealth B & T C o Texas State B k & T r . W aco— Citizens’ N at B a n k .. First N ational B an k. First State B & T C o Liberty N at B an k___ N ational C ity B an k . P rovident N at B an k. 4,016,158 39,671.650 1,711,546 26,037,896 160,303 8,695,222 50,965 2,392,900 192,698 4,053,091 1,682,236 22,489,549 386,211 4,807,447 345,290 8,365,464 412,144 4,514,717 108.103 3,832,912 a862 755,113 261,061 303,352 62,378 10,240,391 10,173,672 3,288,965 281,612 9,182,613 318,290 12,844,751 835,000 21,019,700 14,000 835,000 1,341,186 16,923,963 130.000 3,387,211 254,251 5,298,998 252,835 267,243 204,113 149,803 100 100 100 100 100 100 100 100 100 100 100 Per 285 x285 113 113 140 215 270 130 150 115 100 100 100 275 100 110 Per 100 130 100 140 100 250 100 100 300 100 250 100 200 100 100 100 100 6,964 592,370 912,868 30,852,799 146,624 1,903,430 16,721 1,129,770 515,508 10,318,238 12,687 899,366 885,000 13,926,365 736,438 10,073,226 251,091 2,572,820 116,085 5,729,224 1,083,821 15,966,715 No 100 100 100 100 100 100 100 100 100 100 100 1,008,257 22,890,466 488,851 3,299,940 524,069 4,808,772 93,754 2,128,340 221,712 2,811,882 100 270 100 390 100 150 100 90 100 160 380,442 283,975 35,972 622,696 157,806 190,521 383,717 317,000 7,722,150 10,884,514 3.525,084 10,486,007 1,856,304 4,323,141 2,468,258 4,892,572 100 100 100 100 100 100 100 100 100,000 500,000 200,000 300,000 300,000 26,086 184,410 89,684 141,550 50,406 432,855 2,408,504 3,484,619 2,957,658 3,233,393 213,111 339,462 69,809 182,930 37,642 280,944 2,789,326 7,128,149 1,341,218 2,810,934 537,193 1,709,466 100 100 100 100 100 100 120 120 shan 150 300 325 300 210 100 110 minal prices 95 100 300 180 200 90 100 200 215 90 95 255 260 270 300 120 122 170 190 250 275 300 405 95 170 Per 100 100 100 100 100 250,000 1.000,000 200,000 300,000 100,000 300,000 155 125 Per 175 185 195 205 6,038,877 3,698,528 5,914,809 8,913,613 1,000,000 1,000,000 200,000 1,000,000 250,000 200,000 200,000 600,000 sh an 290 300 115 115 150 Per 200 212 100 200 90 150 share 21 6 105 205 100 160 U T A H — National banks June 30; State institutions Oct 5. 118 567,063 737,844 167,446 226,547 180,130 * Sale price, a A pril 12 1926. 6 Sept. 28 1925. c June 30. i9 2 6 . r Consolidated statem ent. ( N ew stock, x E x-dividend, v C losely held. 63 BANKS AND TRUST COMPANIES O g d e n —■ Com m ercial Sec B k . 200,000 N at Bank o f C o m m . 250,000 First Sav B ank. 250,000 Ogden State B a n k .. • 100,000 First N at B a n k .. . . 500,000 2.757,136 2,321,784 3,678.038 7,164,601 4,201,882 Per 100 155 100 95 100 255 1(H) 600 100 150 share. 170 100 255 219,384 670,462 C300.119 121,031 495,005 187,530 635,021 651,762 11,916,362 5,880,637 6,277,843 6,512,490 8,810,331 1,917.563 21,663,201 11,229,382 Per 120 268 190 125 215 150 195 315 share. 122 272 197 140 230 160 200 330 « Sold with First N ational Bank. /L a s t sale, S a lt L a k e C it y — Continental N at B k . Deseret N at B ank___ Deseret Sav B an k___ N ational Copper B k . U tah State N at Bank Utah Sav & T r C o . . W alker B ros, B 'kers. Zion Sav B k & T r Co d F ailed. 600,000 500,000 500,000 500,000 500,000 300,000 1,000,000 1,000,000 145,887 74.342 202 844 350,761 142,838 100 100 100 100 100 100 1(H) 100 155 n D e c. 31 1925. BANKS A N D TRUST COMPANIES 64 V E R M O N T — N a t io n a l b a n k s J u n e C a p ita l. W EST V IR G IN IA — N a t io n a l 30. G ro s s D ep o sits . S u r p lu s & P r o f it s . P a r. B id . S 75,000 100,000 100,000 $ 88,436 210,096 54,000 S 2,755,535 100 4,247,875 100 1,726,074 100 B u r lin g t o n — 200,000 500.000 150,000 250.000 219,645 329,987 221,800 564,946 M o n tp e lie r — 100,000 150,000 150,000 100,000 155,161 71.076 185,761 226,427 2,809,927 2,268,247 1,853,750 4,614,381 100 100 100 100 100,000 100,000 100,000 100,000 50.000 100.958 220,327 152,329 143,357 307,052 615.372 2,807,000 432,518 1,405,021 2,247,464 100 100 100 100 100 A sk. 4,413,212 180 150 2,695,245 100 135 566,000 40 65 5.869,283 100 150 B a rre— G ran ite S B & T r Co People's N at B a n k .. Q uarry S B k & T r Co C hittend en Co T ru st H ow ard N at B ank_. M erchants N a t B ank B urlington T ru st C o. C apital S B & T r C o . F irst N ational B an k . M ontpelier N at B ank M o n tp ’r S B & T r Co R u t la n d — B axter N a t B an k — C lem ent N at B an k _. K illington N at B ank R utland Co N a t B k . R utland T ru st C o— V IR G IN IA — N a t io n a l banks J u n e 30: L yn ch bu rg— F irst N ational B an k . 1,000,000 1,153,307 L vnchburg N at B ank 1,000,000 850,273 P eo d e 's N at B a n k .. 500.000 614,724 4,493 200,000 Lynchburg T r & S B . 300,000 379,344 6,419,810 4,087,799 3,155,511 633,698 2,964,508 100 100 100 10(1 100 N o r fo lk — sh are P er S ta te i n s ti t u t io n s J u n e P er sh are. P er sh are. 165 125 125 350 135 P er sh are. 30. P er sh are. 25213 207 217 235 100 380 P er sh are. 1,000,000 1,277,189 5,719,162 100 232 25,000 328,855 2,873,261 100 1750 50,000 383,086 1,641,365 100 875 1,000,000 1,349,736 10,846.795 100 255 1,000,000 756,279 8,324,479 KM) 200 Virginia N at B a n k .. 500,000 253,919 4,948,677 100 175 235 2250 950 260 205 180 M er & M ec Sav B k .. M erch & P lanters Bk N orfolk N a t B ank of P etersbu rg— Petersburg Sav & T r. 500,000 N at B ank of P ete rsb . 600,000 Virginia N a t B a n k .. 1,000,000 P o r t s m o u th — American N a t B an k . B ank of Tidew ater . . C itizens T ru st C o---F irst N ational B an k . M erch & F arm ers Bk 500,000 250,000 250,000 300,000 500,000 603.629 104,610 222,086 P er 129,951 2,665,759 116,702 1,019,164 47,553 633,777 214,825 2.895.732 251,133 2,944,596 R ic h m o n d — A m erican N a t B an k . 2,000,000 1,524,198 B ank of Comm & T r. 500,000 662,056 84,443 B roadw ay N a t B ank 300,000 C en tral N a t B ank — 1,000,000 866,693 F irst & M er N at B k . 3,000,000 3,348,904 M ech & M er B a n k .. 200,000 180,347 Pollard & B agby M tg 154,500 S tate -P la n te rs B ank 2,500,000 2,231,054 200,000 443,777 Un B k & F ed T r C o. 750,000 756,840 W est E nd B ank . . 100,000 187,039 R ichm ond T ru st Co 1,000,000 259,790 Virginia T ru st C o ---- 1,000,000 1,577,086 14,660,692 4,128,627 1,799,613 7,195,941 44,180,103 1,789,867 129,696 34,188,021 1,748,611 3,437,269 1,623,208 3,335,880 5,253,031 R oanoke— 100 100 100 100 100 S e a ttle — B ank for Savings-----C anadian B k of Com D exter-H orton N ’Bk F irst N ational B an k . Japanese Com l B ank M arine N a t B an k — M etropolitan N at B k N at B k of Com m erce N at C ity B k of S eatt People's Sav B a n k .. S eattle N a t B an k ---Amer E xchange B ank U niversity N a t B ank Spokane— A m erican B an k _____ B rotherhood N a t Bk Exchange N at B an k . F idelity N a t B a n k .. O ld N atB k& U nT rC o Security S tate B an k . Spok & E ast T r C o._ W ashington T ru st Co T aco m a— N at B ank of T acom a P uget Sound N a t B k Sale price, a 30; 115 120 140 115 190 175 125 160 120 200 200 P er sh are. 100 100 239 100 100 255 100 100 235 225 117 270 25 53M 25 100 28 48 25 75 100 84 100 550 300,000 215,000 2,000,000 100 A m erican N at B ank C olonial N a t B a n k .. 600,000 314.309 2,694,812 100 16,451 865,147 100 S tate & C ity B an k . _ 200,000 F irst N at E xch B ank 1,000,000 1,242,018 18,272,444 100 M ou n tain T ru st B k . 760.000 247,500 1,800,000 100 W A S H IN G T O N — N a t io n a l b a n k s J u n e sh are. 3,199.783 100 100 2,892,876 100 3,994,583 100 125 S ta te I n s t it u t io n s J u n e C heyenne— A m erican N a t B an k . Stock G row ers N B k . 215 360 180 325 100,000 200.000 1,000,000 500.000 1,500,000 25,000 1,000,000 200.000 80,112 2,492,096 100 74,444 2,577,767 100 315,190 10,780.897 100 121 144,968 4,668,860 100 J00 630,670 19,127,678 100 135 76.649 1,110,362 100 403,940 10,711,283 100 102 151,910 1,784,550 100 124 105 140 105 1,000,000 300,000 421,434 16,216,646 100 175 89,756 2,998,726 100 110 180 130 P er sh are. < ■» Sept. 30 1926. b Ju n e 30 1926. I L ast sale, x G ro s s D ep o sits . 250,000 400,000 P a r. CANADA. NOVA SC O T IA . R es e r v e Fund. P rices are p e r c e n t, O ct. 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 2,883,750 100 3,973,371 100 168,606 104,299 R etu r n s a r e a ll o f d a te O ct. B id . 8. A sk. 28. P er sh a re. P er sh a re. 220 150 225 150 210 120 150 175 140 124 121 222 121 120 130 268 222 113 157 130 147 210 170 100 162 135 325 126 175 350 170 — _____ P er 30. 1926. D ep o sits . P a r. n o t p e r sh a r e . % H alifax — $ $ B ank of N ova Scotia 10,000,000 19,500,000 184,551,411 100 B id . per A sk. c e n t. 300 O N T A R IO . P er sh are. 275 S ta te I n s t i t u t i o n s N o v . W ISC O N SIN — N a t io n a l b a n k s J u n e 30; S ta te i n s ti t u t io n s L a C rosse— B atavian N at B an k . 400,000 421,688 3,934,141 Exchange S tate B ank 50,000 52,085 874,795 N a t B k of La C rosse. 500,000 521,602 5,306,167 Security Savs B an k . 60,000 30,909 1,247,557 S tate B k of La Crosse 100.000 12 ;,6 il 2,164,354 M ilw au k ee— A m erican N a t B an k . 1,000.000 369,217 11,327.764 B adger S tate B a n k .. 200,000 468,241 6,675,283 B ay View C om & S B 100,000 70,s70 2,315,603 100,000 50,581 1,277,973 300,000 77.615 2,609,778 E ast Side B ank_____ 150,000 110 653 1,881,254 F irst W isconsin N Bk 6,000,000 4,936,861 90,221,104 G rand & Sixth N Bk 200,000 50.000 933,000 H om e Savings B an k . 100,000 63.000 2,099,284 H olton S t S tate B k . 100,000 44,125 1,245,539 71.911 1,152.605 L iberty S tate B a n k .. 100.000 Lincoln S tate B a n k .. 100,000 93.763 1,366,766 M arine N at B an k . 1.000,000 1.403,242 11,539,888 M arshall & Ilsley Bk 1,250,000 1.927,812 24,8)1,222 M erch & F arm S tate 200.000 171,613 3,264,130 M erch & M anuf B k 400,000 326,490 2,679,145 M ilw C om m ’l B an k . 100,000 65,799 1,893,706 M itchell St S tate B k . 200,000 236,940 3,424,131 N at Bk of Com m erce 1,000,000 485,755 9,466,076 N at Exchange B an k . 500,000 878,358 7,867.048 200.000 153,416 3.548,851 N orthw estern N at Bk 200,000 35,650 1,026,371 P ark Savings B a n k .. 200.000 189,666 2,976,120 Second W ard Sav Bk 1,000,000 3,051,840 35,059,290 Security B k of M ilw 100,000 53,372 1,494,466 T eutonia A veStateB k 100,000 245,258 2,505,474 V liet St S tate B a n k .. 200.000 120,851 1,348,942 W est Side B an k ____ 400,000 578,919 3,539,608 W isconsin S tate B k . 100,000 452,698 3,988,207 N orth A venue S tate 200.000 6123,439 3,463,280 F irst W ise T ru st C o. 1.000.000 1,161,880 2,220,278 W Y OM ING — N a t i o n a l b a n k s J u n e 30. C a p ita l P a id i n . 135 30; S u r p lu s & P r o fits . C a p ita l. 30. 969,713 100 400.000 33,078 5,593,050 100 200.000 2,200,000 1,498.052 37,514,534 100 270 500.000 841,923 15,332,101 100 430 100.000 110,793 1,734,533 100 300.000 140,530 5,281,183 100 210 500.000 299,028 8,068,884 KM) 280 1,000,000 1,225,216 20,916,825 100 357 500.000 298,562 4,896,235 100 172 89,414 5,158.176 100 100.000 1,000,000 1,139,564 28,274,709 100 315 73,690 2,036,042 100 600,000 84,169 2,473,821 100 200,000 banks Jun e W h e elin g — P er sh are. $ $ S C entre W heeling Sav 100,000 109,994 1.842,174 100 250 C itizens’-M u tual 600,000 414,000 6,200,000 100 180 H alf D ollar Sav B ank 100.000 240,253 2,326,611 100 265 N at B ank of W Va 500,000 563,763 4.859,276 100 165 N at Exchange B an k . 500,000 612,880 5,246,282 100 230 C ent U nion T r Co 500,000 273,783 2,047,9-4 100 110 125 So S id e B k & T r C o_. 100,000 200,949 1,680,607 100 250 D ollar Sav & T r C o. 1,165,100 2,507,534 16,893,239 100 310 325 Security T ru st C o___ 300,000 427,628 3,570.684 100 250 W heeling B ank & T ru st Co ______ 500.000 705,405 7,294,798 100 275 285 49 85 92 600 200 200 101 500 130 [Vol .124, T o ro n to — B ank of T oro nto ____ C an B ank of C om m . D om inion B an k ____ Im perial B ank of Can 5,000,000 20,000,000 6,000,000 7,000,000 4,823,400 7,000,000 85.450,522 20,000,000 376,489,480 7,000,000 91,838,280 7,500,000 97,016,722 2,900,000 70,200,210 P e r c e n t. 100 100 100 100 50 230 22534 226 21414 213 y 2 191 100 100 100 100 272 H 272 160 259 34 26034 25334 Q U EBEC . M o n trea l— B ank of M on treal___ 29,916,700 B anque C anadienne. 5.500,000 Provincial B k of C an 3,995,146 R oyal B k of C an ad a. 24,400,000 29,916,700 5,500,000 1,500,000 24,400,000 628,187,814 105.923,513 36,906,112 591,735,869 SA SK A T C H E W A N . W e y b u rn — W eyburn Secur B ank E x-dividend 524,560 225,000 4,907,940 100 P er c en t. J. G . W h it e & C o m pany IN C O R P O R A T E D 3 7 WALL STREET - - - NEW YORK Distributors of municipal, railroad, industrial and public utility investments. Current lists of recommended offerings submitted upon request. Bonds for Investm ent We own end offer a oomprebenaive H of oarefully aeleete# at Government, Monlot pal. Railroad and Public (Jtllfi* Bond* whlob we reoommend for Investment. We ahali k. pleaaed to tend deaorlpttve alronlart to Investors a* reqaeat H a r r is , F o r b e s &. C o P in # S tr e e t, C o r n e r W i l l i a m N EW Y O R K Its O so sc n e is N g ib b le e c e lig le The distributing system of a waterworks, if it is of Cast Iron Pipe, does not ordi narily become obsolete when its capacity is outgrown. The perpetual usefulness of Cast Iron Pipe is due to its imperishable material and to the fact that it can be removed and re-laid without damage because of the Bell-andSpigot joint, which is easily disconnected. The same increase of population that creates the need for larger pipe in the center of the community usually creates a need for extension of the service into outlying sections where the old pipe, re-laid, will give ample supply until its capacity is again outgrown. If you are interested in municipal bonds, waterworks bonds, or bonds of industries like the gas industry, write us for a copy of “Pipe and the Public Welfare” (25 cents postpaid) or “ Planning a Waterworks Sys tem” (free) which treats of the problem of the small town. T H E .C A S T I R O N P I P E P U B L I C I T Y B U R E A U , 5 6 6 P e o p le s G a s B ld g ., C h ic a g o C A S T IR O N P IP E JPM . . ORGAN & C . O WALL STREET, CORNER OF BROAD N ew Yo rk DREXEL & CO., PHILADELPHIA FIFTH AND CHESTNUT STREETS MORGAN GRENFELL & CO., LONDON 23 GREAT WINCHESTER STREET MORGAN & CO., PARIS 14 PLACE VENDOME Securities Bought and Sold on Commission Foreign Exchange, Commercial Credits Cable Transfers Circular Letters for Travelers, available in all parts of the world