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LONDON OFFIOB.— Edwards & Smith, 1 Drapers' Gardens, E. O. WILLIAM B. DANA COMPANY. Publishers, Front, Pine and Depeyster Streets. New York. REVIEW OF M A Y — COMMERCIAL AND FINANCIAL EVENTS. A sensational advance in tire price of crude rubber and a complete collapse in the market for raw wool were perhaps the most notable developments in the trade situation during May. Foreign news embodied no such striking features as was the case during April and was along the lines that might have been looked for, and hence contained nothing startling or surprising. The advance in sterling exchange rates on London to within the merest fraction o f gold parity showed that Great Britain had planned wisely as well as comprehensively in its return to the gold standard. The fresh collapse in the exchange value of the French franc and the Italian lire, the former dropping again to below 5 cents and the Italian lire falling below 4 cents, as shown in our review of the foreign exchange market at the end of this article, was a poignant reminder that much still re mained to be rectified in the financial situation of several o f the countries on the Continent of Europe. On the other hand, the rise in exchange rates on Argentina and on some of the Scandinavian countries (followed by the offering in this country at the beginning of June of a $45,000,000 loan for the Government of the Argentine Nation and a $30,000,000 loan for the Kingdom of Norway) was evidence that the remedy for financial instability w as easy, given proper conditions T and an earnest determination on the part of the countries affected to co-operate to that end. Full details of the fluc tuations in exchange rates to which we here allude, will be found in our narrative of the foreign exchange market, al ready referred to. For the new French Government, already perplexed and harassed almost beyond measure, an added source of trouble developed, and this may be said to have been about the only distinctly new event of any great consequence in foreign affairs during the month. An uprising occurred of the R iff tribes in Morocco against the French. On May 2 the Asso ciated Press correspondent at Fez cabled that “ Moroccan tribesmen, operating under the orders of Abd-el-Krim, the rebel leader, are attacking the French zone over a front of 60 miles. At some points they have surrounded French posts, NO. 3128. where small detachments are defending themselves in block houses.” It w as added that “ the French forces in the zone T of activity number about 12,000 men, divided into three col umns, each commanded by a Colonel. Reinforcements now on the way will bring the total to 20,000.” It soon became apparent that much larger reinforcements would be neces sary. Early advices after this indicated initial successes for the French, but the character of the news quickly changed, and it then appeared that the French had before them a military problem of no inconsiderable magnitude. Dispatches from Fez and Paris on May 5 stated that for his offensive against the French in Morocco it was estimated that Abd-el-Krim had at his disposal 20,000 men, and it was against that number that the French commander, Mar shal Lyautey, had begun his operations. It was also stated that the French forces had encountered an enemy well trained in modern warfare and that “ the defensive methods of the Great War were being employed by the Riffians in order to retain the strategic points they occupied within the French zone, at a few spots along the frontier, indicating the presence among them of officers or advisers of unknown nationality, but who have certainly had experience in Euro pean warfare.” At first, according to the reports, the Moors were driven out of all positions, but on May 7 the cable correspondent of the New York “ Sun” wired that “ im perceptibly the public is being brought to see that the opera tions are not likely to be a military walk-over and that it probably will amount to a new and serious colonial war of prolonged duration.’ This contention was substantiated by a later dispatch from Paris to the New York “Times,” which said that Marshal Lyautey had asked the French Govern ment for additional troops for the operations against the Riffians. At the same time there were indications that this Mo rocco war might increase the difficulties of the new Ministry in maintaining itself when the French Parliament reasembled on Monday, May 25. The Socialists, it was stated, and even the Radical Socialists, who formed the Government majority, had begun to question the soundness of the Gov ernment’s action and leadership. On May 20 Premier Painleve issued a statement in which he denied severe French losses in Morocco and defended the campaign of Marshal Lyautey, the Governor-General of French Morocco. The Premier disclaimed any idea of Colonial expansion and de clared the Government’s only object was to maintain peace, which policy Marshal Lyautey was faithfully pursuing. On May 21 word came from Rabat, French Morocco, in an Asso ciated Press dispatch that “ the French had 50,000 men along the 125-mile front in the northern part of the French zone, braced for an early attack by the Riffians, who, it is believed, will aim at cutting the railway between Fez and Oudja.” It was added that “ meanwhile the French are trying to lib erate a number of their advanced posts in the Taounat re gion, which the Riffians have surrounded and are besieging. The French troops are not numerous enough to hold a single, solid line, and it is for this reason that such small posts are established. The method is to advance, establish the post and then retire, leaving the big masses of troops free to act wherever necessary along the front.” One of the Paris correspondents pointed out that the trouble was not of French seeking, but had been forced on them by the failure of the Spaniards to keep control of their part of Morocco and by the invasion by the R iffs o f the French zone with a consequent uprising among some formerly w rell disposed tribes. 6 MONTHLY REVIEW As it happened, the Painleve Ministry did not encounter as much opposiiton in the French Parliament as had been ex pected. According to the original program, the Moroccan affair was to have come up in the Chamber of Deputies on May 25, when its sessions were resumed after a month’s recess. An agreement was reached, however, whereby the Socialist and Communist interpellations were postponed until May 27. The Paris representative of the New York “ Herald Tribune” cabled on May 25 that “ the new factor which has entered into the situation was the return of Deputy Malvy from Madrid, where he has been holding important conver sations with the Spanish King and with Premier Primo de Rivera. It is understood that Spain showed willingness to enter into an agreement with France which would allow the two countries to work out the whole Moroccan problem, com ing to terms with Abd-el-Krim on a basis of recognition of his right to the Riffian territory actually under his control.” This correspondent added that “no recognition of the Riffian republic would be envisaged, Abd-el-Krim’s territory re maining under the sovereignty of the Sultan of Morocco, but free from either Spanish or French protection. As the whole question of the boundaries of the Spanish and French zones would have to be gone over, it is expected that, if Malvy’s report on the Spanish attitude is found acceptable at a spe cial Cabinet meeting to be held to-morrOw, Spain will be invited to send an envoy plenipotentiary to negotiate in Paris. The willingness which France seems to be showing to negotiate with the Riffian leader is based on the desire to avoid a long and costly war, but definitely on a promise by Abd-el-Krim to accept peaceful retirement to his own country and to renounce completely the idea of establishing a Moslem Power in Northern Africa.” That steps were being taken to bring about a settlement was also indicated in an Associated Press dispatch from Tetuan, Spanish Morocco, on May 26, in which it was stated that “ reliable advices here report the presence at Tangier of the Colonel in Chief of the French Information Service to negotiate with Abd-el-Krim for ending the Riffian offensive.” It was added that, “ ac cording to the same sources, this action of France is in line with the French policy, namely that the Moroccan problem is of a political character; that France has the role of a col onizing nation, and that the employment of arms should be resorted to only in extreme cases.” Nothing serious for the Painleve Ministry happened at the session of the Chamber of Deputies on May 27, when the Moroccan situation was dis cussed. In the intervening two days a truce had been ar ranged between the two wings of the majority and an agree ment reached on the motion of confidence, which was phrased in such a way as to represent the war as purely de fensive and “ opposed to all idea of conquest.” At the ses sion of the Chamber on May 29 the Painleve Cabinet re ceived a vote of confidence by 537 to 29 on its Moroccan policy. Naturally, the financial aspect of the Riffian campaign caused much uneasiness. It was pointed out that for the transport of men and supplies the French would have to employ foreign tonnage. A considerable amount of the army purchases would have to be made abroad, in countries where the exchange rate was high, and added to that was the cost of maintaining the army, even though largely composed of native troops, in the torrid climate of northern Africa, through the summer months, in a district which is cut off from the seaboard and extremely difficult o f access. All this greatly aggravated French financial difficulties and made the task of Joseph Caillaux, the French Finance Min ister, still more onerous. On the one hand, he was con fronted with the problem of making the budget balance, a feat difficult enough for human ingenuity even without the new source of expenditure, and on the other hand, he was being prodded by the U. S. Government, the same as the Governments of the other countries indebted to this country, to begin seriously to think of making arrangements for the settlement or adjustment of such indebtedness. The columns of the daily papers all through the month were filled with dispatches from Paris, from Rome and from Washington undertaking to indicate precisely what steps our Government had taken or contemplated taking to that end. The accounts were more or less conflicting and contradictoiy, and it was difficult to gain a precise idea of what had actually been done. That the American Government had for quite a while felt that the time had arrived for definitely taking up the matter of this foreign indebtedness no one was or could be in doubt, since the Government had taken occasion, over and over again, to make its position clear in that respect. The only point for question was whether the Administration at Washington was now bring ing extra pressure to bear to convince the European Govern ments affected of its earnestness and determination of pur pose. What seems to be pretty well established is that in the early part of May, M. Caillaux, the French Finance Minister, told Mr. Herrick, American Ambassador to France, that he would like to undertake debt conversations with America, [You U 1 but only after he had obtained the passage of a balanced budget. He is said to have pointed out that France could not pay America and England unless Germany paid France and he proposed to set aside one-third of the payments France received from Germany for a fund to take care of France’s foreign debts. Mr. Herrick in reply adverted to the repeated refusal of America to accept German payments in lieu o f debt payments, inasmuch as she did not wish to be put in the position o f collecting Allied claims on Germany. M. Caillaux is then represented to have said that while in the French mind there must be a connection between pay ments to France and French payments to America and Eng land, yet he thought a formula might be found which Amer ica would accept, and suggested that France could commit herself to certain payments to America, in view of the pros pect of German payments under the Dawes plan, it being understood that France’s ability to pay would not be af fected by Germany’s executing her reparations obligations. On this point, it is stated, Mr. Herrick felt that he was un able to give a clear answer, and therefore asked Washington for instructions. In response, Secretary of State Kellogg is said to have made quite vigorous response along previous lines. In financial proposals which M. Caillaux is stated to have made to the Finance Committee o f the Chamber of Depu ties on May 12, he is said to have reiterated his previous contention that the balancing of the budget was the indis pensable first step in the rehabilitation o f French finances, and to have followed this up by proclaiming the imposition of certain new taxes to meet the existing deficit. On the question of reparations and the foreign debt he is reported to have announced that receipts from Germany under the Dawes plan were no longer to be regarded as income avail able for general purposes, but would be earmarked for meet ing the further costs of reconstruction and paying the debts owed by France to Great Britain and the United States. Beyond that, however, nothing definite transpired except that cable advices from Paris on May 15 announced that Finance Minister Caillaux and Foreign Minister Briand had that evening been authorized by the French Cabinet to study the Inter-Allied debt question in an attempt to find an acceptable solution. It was indicated that within ensuing weeks Messrs. Briand and Caillaux would form a commis sion, out of Foreign Office and Treasury experts and out of the Financial and Foreign Affairs Committees of the Cham ber of Deputies and the French Senate, for the purpose of taking up the work of examining the whole debt situation and report to them. On that report they would proceed to formulate their instructions to a commission which would be sent to America to conduct negotiations, should the Wash ington Government be unwilling to send a commission to Paris. The New York “Times” correspondent in a cablegram sent on the evening of May 18 made the following further commtnts : “ That is as far as affairs have gone to date, and it may be added that it is only the courtesy with which all discussion of the debt question has been hitherto conducted by Ambassador Herrick, and by the Government at Wash ington, that has prevented the whole matter from being embittered by repeated false reports o f reminder notes and summonses from the American Debt Funding Comission.” As apparently further clinching French determination, it was stated in an Associated Press cable message from Paris May 19 that Premier Painleve, M. Briand, the Foreign Min ister, and M. Caillaux, Finance Minister, had gone over the French financial situation together that evening and took under advisement particularly the question of inter-Allied debts. At the conclusion of the conference the official spokesman of the Quai d’Orsay announced to the corre spondents : “ The inter-Allied debts question may now be said to have entered the state of real official negotiations. If the negotiations are not yet in an officially international state, internal study of the question here makes it certain that they will be within a few days. The Ministers of For eign Affairs and Finance will confer again this week for the purpose of drawing up suggestions to be presented to the United States Government. M. Briand will be assisted by, competent Foreign Office authorities, including M. Berthelot, General Secretary of the Ministry, and M. Seydoux, Director o f Political Affairs.” The New York “ Times” rep resentative at Paris declared in a dispatch to his paper the same evening that in endeavoring to find a way to settle her war debts to the United States, “ the prime motive of the French is to regain their international independence.” He added that “ what is in Briand’s mind is that so long as France stands in her present financial relation to America she is not independent, for the reason that she cannot afford to antagonize America on international questions. What Briand wants is to get France where she can act freely with regard to American advice, and he feels that she is not in that position now.” While French Government officials claimed that the Cabi net had acted wholly upon its own initiative, Paris corre spondents indicated clearly that the Cabinet had learned that Washington insisted that the time had come when the European Governments that had borrowed from this countryy should show what they intended to do about these ob ligations. That the latter information was correct was con firmed in Washington dispatches on May 16. The New York “ Times” correspondent at the national capital said that “ nine o f the foreign Governments which borrowed from the J une, 1925.] MONTHLY REVIEW United States during the World War, and subsequent to the armistice, have received more or less pointed suggestions from this Government that the time seems to have arrived when concrete negotiations looking to debt adjustment are in order.” He explained that “ Great Britain, Hungary, Fin land, Lithuania and Poland have completed funding arrange ments with the Debt Commission, a body created by Act of Congress. The nine nations which in effect are now being called upon to follow the example of these five nations are France, Italy, Belgium, Greece, Rumania, Czechoslovakia, the Kingdom of the Serbs, Croats and Slovenes, otherwise Jugoslavia; Esthonia and Latvia. Russia, Armenia and Liberia, the other war-time debtor nations, do not figure in the present effort to produce an adjustment of indebtedness.” Continuing to outline the situation, the correspondent re ferred to said: “ In confirming the fact that steps had been taken toward debt settlements, Administration officials were careful to point out that there has been no move having the color or suggestion of a peremptory demand. According to officials, the State Department is conducting exchanges on the subject through its Ambassadors and Ministers in the capitals of the nations affected and the function of our diplomatic representatives is merely to carry out the wishes of the Debt Commission. While one statement made in an authoritative quarter to-day was interpreted as meaning that this Government had sent a circular note to the nine debtor nations, expressing its conclusion that the time had arrived for definite fundig operations, the fact appears to be that the procedure has not taken on such a form, suggestive of a demand, but has been definite enough, in the representa tions made by our diplomatic officers, to show that this Government believes that a more concrete basis for discuss ing war-time and post-war debts should be reached.” It appeared that Belgium and Italy had also been stirred to action, for on May 18 announcement was made in Brussels by the Belgian Foreign Office that “ the Belgian Ambassador to the United States, Baron Cartier de Marchienne, is com ing to Brussels to confer with the new Premier, Aloys Van de Yyvere, who also holds the portfolio of Minister of Fi nance, on the question of Belgium’s debt to the United States. He will sail from New York on June 9.” The same day word came from Rome that “almost simultaneously with the receipt of the report from London, through an Eng lish news agency, that the United States is calling upon debtor nations to begin negotiations for adjustment, Tomasso Tittoni, President of the Senate and former Foreign Minister, in a speech at Viterbo, made a strong plea for can cellation of inter-Allied indebtedness. Italy, he said, must insist on the Allies grafting to her conditions at least as good as she granted Hungary and Austria, which were van quished in the war, and then immediately went on to explain that Italy not only never received a single cent from these two States, but indeed contributed heavily to the Austrian relief fund.” According to a wireless message to the New York “ Times” from the Italian capital, “ this opinion, how ever, was not shared by official circles, which believe the payment of debts would result in an increase of Italian credit abroad sufficient to compensate for the fiscal sacri fices which such payments would entail. It is believed, in addition, that if America is willing to deal leniently with the poorer debtor States, Italy, if she can maintain her pres ent rate of progress, should be able within a few years to make a start in paying her debts without increasing the present rate o f taxation, which, averaging as it now does, 25% o f the total earnings of all classes o f the population, is considered to have reached the utmost possible limit.” Pre mier Mussolini, in a speech in the Senate on May 20 declared that “ the Italian Government recognizes its war debts and intends that Italy shall make good its liabilities to the last cent permitted by its present and future economic situation.” The New York “ Times” correspondent in Rome said that “ this statement was received with loud cheers by the entire Senate,” and added that, “ amid renewed cheers the Pre mier continued: ‘When the greatness of the sacrifices we sustained in the war and the smallness of our national re sources are taken into account, however, it is evident that creditor States should grant us in return something more than a most favored nation clause. If we are required to pay we must be placed in condition to be able to pay. It is equally evident that we must have a moratorium to consoli date our financial position, as then we will be in a position to begin payments immediately. The moratorium, in addi tion, will have to be a long one. It would indeed be painful if wre should find our former allies wishing to place us in conditions of inferiority with respect to conquered na tions.’” Events followed each other in quick succession and on May 25 an Associated Press dispatch from Washington said that the question of Italy’s debt to the United States had been brought to the forefront on that day by a visit to the Treasury of Baron G. de Martino, the Italian Ambassador, who talked over the whole subject of the Italian obligation of $2,138,543,000.” The correspondent added that, “ while the conference was devoid of concrete results, it marked the first step by Italy with respect to her debt and initiated con versations which Treasury officials hope will proceed into actual negotiations of funding terms. The Ambassador con ferred an hour and a half with Secretary Mellon and Under secretary Winston, Chairman and Secretary, respectively, of the American Debt Commission. Baron de Martino’s mis 1 sion was understood to have been largely for the purpose of ascertaining Mr. Mellon’s views, and there was a frank discussion of the problems faced by Italy and the law which defines for the American Administration the terms which it can accept from its foreign debtors.” With reference to the advance in the price of rubber, this grew in part out of the restriction policy with regard to ex ports from Far Eastern plantations (in Malay and Ceylon), pursued under the Stevenson plan, and in part was due to the great increase in the consumption of rubber in this coun try, particularly in the case of rubber tires. During May the price of crude rubber shot up to about 70c. a pound, as against no more than 17c. at one time in 1924. Under the two-fold influence of restricted shipments and augmenting consumption, the statistical position of rubber is one of great strength. London rubber stocks had fallen May 31 to the exceptionally low figure o f 6,605 tons. This was a reduction during the preceding 12 months of 45,684 tons. The Steven son plan was inaugurated in 1922 for the purpose of re? stricting shipments of rubber from the plantations in the hope of maintaining the price at about 30c., or more than double the price prevailing when the plan was devised. The plan limits shipments to definite percentages of plantation capacity, with provision for increase with rising prices. An increase from 55% to 65% in the export quota went into effect on May 1 and further advances would now be war ranted but can only be made at the rate of 10% every three months. From the high price of about 70c. a pound reached on May 18 there was some decline later, with an upward ten dency again, however, at the very close of the month, and smoked ribbed sheets for spot delivery were quoted at 69@ 70c. May 29, against 45% @45% April 30 and first latex crepe at 68@69c., against 45% @ 46%c. There were further ad vances in the price of rubber tires on top of those made the previous month. The Firestone Tire & Rubber Go. was, as usual, the first large concern to announce an advance, but other companies quickly followed, including the United States Rubber Co., the Goodyear Tire & Rubber Co. and the B. F. Goodrich Co. The advance was announced May 29 to become effective June 1 and ran from 5 to 10% in the case of automobile tires and tubes. The rise led to the issuance of a report by Secretary of Commerce Hoover giving the results of an investigation into rubber production conducted by him. The inquiry was insti tuted with a view to meeting the pressure for information regarding the rubber industry in view of the sharp' price increase. The report was made public May 25 and pointed out that crude rubber sold as low as 17c. a pound in 1924, reached 46c. last January and is now fluctuating between 60c. and 70c. on nervous markets, while the world’s visible stocks are disappearing, and Stock Exchange prices of Eng lish plantation company shares are soaring. Mr. Hoover warned that falling o ff in rubber plantation is likely to create a real rubber shortage by 1928 or 1930. He showed that the United States with three great industries concerned —petroleum, automobile and rubber goods manufacture— is particularly interested in the situation, its consumption be ing 70% of the world’s total output. Mr. Hoover in his fore word to the report expressed no opinion as to whether the British Government’s restriction on production in the Eng lish colonies is responsible for the great price advance, but indicates that one of the American objectives should be to find means to stimulate competitive production in other tropical areas of the world. The Commerce Department’s investigation indicated that the extra profits from only one of the sources of British wealth— the rubber plantations in the East Indies— would be sufficient to cover all of that nation’s future repayment of its war debt to the United States. American imports of raw rubber which cost during the calendar year 1924 $185,000,000 will probably cost $400,000,000 in 1925, according to the Department’ s computations. The Government’s special agents found that 69% of the rub ber plantations were in English colonies, with 29% in Dutch possessions, where a good deal of English capital is invested. The restriction worked effectively in British possessions, re ducing their exports from 271,000 tons in 1922 to 205,027 tons in 1924, the Commerce Department agents found, but the Dutch East Indies, which were left untrammeled, increased their production and exports from 102,171 tons in 1922 to 175,000 tons in 1924 and other producing areas also increased their activity. The growth in the world’s consumption, how ever, more than kept pace with the resulting increase, and all plantations are now close to their maximum production basis. Demoralization in prices of raw wool began back in April and the weakness was due largely to a big decline in Aus tralian wool and the action of the Australian wool authori ties in that month in announcing the doubling of the quanti ties of wool to be sold between that date and July 15. Their previous restricted schedule of offerings had had the effect of infusing some steadiness to prices. London reported the wool market depressed at the end of April and spoke of sell ers having been obliged to accept “ ruinous prices” and that no buying of importance was expected until the London auc tions opened on May 5. It remained for these London colo nial sales commencing on May 5 to show the acute weakness existing. On May 7, after these wool auctions had been in progress three days, it was decided to curtail the series to five additional selling days and the quantity to be offered, originally catalogued at 135,000 bales, by 45,000 bales. The 8 MONTHLY REVIEW withdrawals were particularly large of eross-breds, which fell in 45 days some 25% to 30%. As compared with the close of the preceding series on March 20 merinos declined 10% to 15%. Moreover, Adelaide, Australia, cabled on May 2 that the wool sales fixed for May 8 had been canceled owing to the falling prices and the generally unsettled con dition of the market. A further blow was still to come. On May 8 Melbourne cabled: “ Conference of the National Council of Wool Sell ing Brokers and Australian W ool Growers’ Council has de cided to cancel all wool sales throughout Australia until July 1, when they will be resumed if circumstances warrant.” Australia cable advices on May 12 announced that the pri vate sales which had been arranged to continue there up to May 23 had been canceled. The wools which could be sold privately were wools withdrawn from previous offerings because of low bids. There was little if any improvement in the wool market the remainder of the month, notwithstand ing these large withdrawals. All this was the more notable since not so very long before there had been talk of a pos^ sible wool shortage. Between March 1920 and Sept. 1921, it should be noted, wool prices declined about 70% ; subse quently wool ruled at much higher prices, due to shortage in world production. Beginning in the summer of 1924 prices advanced sharply, Dun’s composite wool price at Boston rising from a monthly average of 74.16c. per pound in July 1924 to 101.9c. in February 1925. Prices began to weaken early in March under foreign leadership and on May 2 the Dun price was 80.21. Recovery in the woolen goods market was, of course, out of the question under this demoralization in the raw mate rial. Nor was there any improvement in the cotton goods trade, and more or less curtailment in the production of cotton goods, both in New England and at Southern mills, was reported. Fine goods mills seemed to be engaged to nearly full capacity and those manufacturing goods in spe cial vogue also appeared to be meeting with an active de mand, but in other branches of the cotton goods market dulness was the rule. Print cloths at Fall River for 28-inch, 64 x 64, were marked down May 4 from 7% to 7c., and May 14 to 6%c. Cotton prices declined sharply the early part of the month on the relief from drought experienced in Texas and other parts of the Southwest, but recovered the greater portion of the decline the latter part of the month, when it appeared that certain sections of Texas were again in need of rain, and when, also, the reports showed temperatures much too low for the season. The night temperatures both east and west of the Mississippi River the last week of the month were in the 40s and occa sionally in Tennessee, Mississippi and Arkansas in the 30s. Middling upland spot cotton in New York dropped from 24.40c. May 1 to 22.20c. May 13, but recovered to 24c. May 25 and was 23.75c. May 29. The silk goods trade continued to be an exception to the generally unfavorable condition of the textile trades. Sales of silk and cotton mixtures and silk and rayon are said to have broken all records. In the hosiery trade, also, more silk is said to have been consumed than ever before, while de mand for silk undergarments seemed to be steadily on the increase. The raw silk market naturally responded to the same influences. Raw silk prices at the close of business on Friday, May 29, were on the basis of $6 55@$6 65 for Kansai double extra cracks, which compared with $6 37%@$6 42% April 30. As regards the condition of general trade, much encourage ment was derived from the fact that the iron trade publica tions in the final week of May reported that there appeared to be indications of a nearly completed adjustment of fin ished steel production to demand and of a more stable situa tion in prices of the three leading products—plates, shapes and bars. In both these respects, the “ Iron Age” of this city in its issue of May 28 reported, May had been a better month than April, while at the same time showing improvement, even though slight, in the amount of new business booked. The “ Iron Trade Review” of the same date reported that the better side of the situation consisted in the fact that new buying was again becoming more diversified and frequent, though still essentially of a hand-to-mouth character. The “ Iron Age” made the composite price of finished steel May 26 2.460c. per pound, against 2.474c. April 28, and comparing with 2.624c. May 27 1924. The composite price of pig iron May 26 was down to $19 42, against $20 71 April 28, and com paring with $20 98 on May 27 1924. On the other hand, the course of the minor metals again turned upward. This was true more especially of lead, the price of which at New York advanced from 7%c. May 1 to 8.50c. May 28. Tin at New York moved up from 53.45!c. May 1 to 55.75c. May 26 and was 55.57c. May 29. Lake cop per declined from 13%c. May 1 to 13%c. May 6 and so re mained the rest of the month. Electrolytic copper advanced from 13%c. May 1 to 13%c. May 5 and so remained. Prices of both crude petroleum and gasoline tended upward, though in the latter case the advance was preceded by a decline in certain sections of the country. On May 8 the Standard Oil Co. of Louisiana advanced the price of Smackover heavy 20c. a barrel, making the new price 60c., and other companies followed suit. On May 19 there was a further advance of 10c. to 70c. a barrel, and on May 22 thera came still another advance of 10c. a barrel, to 80c." On May 20 increases, ranging from 15 to 25c. a barrel in various [ V O u 12©. L grades of Pennsylvania crude oil, were also announced, bringing the best grade of Pennsylvania crude oil up from $3 30 to $3 55, but no change was made in the price of Com ing from $1 95. The Smackover output continued to increase, but the output of the Wortham oil fields in Texas kept de clining and was only 45,000 barrels per day May 29, against 71,000 barrels Feb. 28 and 167,000 per day on Jan. 15. In gasoline prices a development early in the month was a re duction on May 6 by the Texas Co. of the tank wagon price of gasoline in Greater New York 2c. a gallon, to 18c., and the filling station price 3c., a gallon, to 21c. The company made the same reduction at Springfield, Mass. On May 7 the Standard Oil Co. of New York met the Texas Co.’s cut. On May 14, however, the Standard Oil Co. advanced the tank wagon price in Greater New York and Springfield 2c. a gallon to 20c., but reduced again to 18c., when it appeared that the Texas Co. had declined to follow the 2c. advance. On May 25 the Tidewater Oil Co. raised the tank wagon price of gasoline in New York 2c. a gallon to 20c., and the Stand ard Oil Co. of New York immediately followed suit and the next day the Texas Co. also made the same advance; later there was a further advance of lc., bringing the price once more to a uniform basis of 21c. for all companies. The dif ferences here indicated represented a purely local condition, and elsewhere throughout the country the trend of gasoline prices seems to have been everywhere strongly upward. In the case of food prices sharp advances again occurred in the grain markets. The May report of the Department o f Agriculture, issued at Washington, May 8, showed a decid edly unfavorable outlook for the growing winter wheat crop. It indicated an abandonment by reason of winter killing of no less than 9,504,000 acres, or 22.5% of the area sown to wheat in the autumn of 1924. It also showed a low condition for the acreage still remaining, namely 77%, as against 84.8% of the normal on May 1 1924 and a 10-year average of S5.2%. Accordingly, a winter wheat crop of only 444,833,000 bushels was indicated for 1925, or 29,422,000 less than indi cated by the report for the previous month and 145,204,000 bushels less than the final winter wheat yield in 1924. As it happened, too, weather conditions were not favorable for the growth of the crop during the month, and in these circum stances there was only one course for prices to pursue and that was upward. At Chicago the May option for wheat ad vanced from $1 54% May 1 to $1 74% May 18 and closed May 29 at $1 65%. The July option for wheat in Chicago moved up from $1 42% May 1 to $1 66% May 28, with the close May 29 $163%. The September option in Chicago rose from $1 35 May 1 to $1 61% May 28, and closed May 29 at $160%. Corn and oats also sharply advanced, the July option for corn rising from $1 08% May 2 to $1 20% May 25, and closing May 29 at $118%, and the September option rising from $108% May 2 to $119% May 29, with the close on that day $118%. The July option for oats in Chicago advanced from 42c. May 1 to 49%c. May 29 and the Septem ber option from 42%c. to 49%c., with the close 48%c. There was a sharp break in coffee prices early in the month, par ticularly in the Brazil grades. No. 7 R io dropped to 16%c. May 13, but an equally rapid recovery ensued and the quota tion May 29 was 20%@21c., against 19%@19%c. April 30. The sugar market was stronger and Cuban raw sugar ad vanced from 2%c. May 1 to 2%c. May 13, but the advance did not fully hold and the close May 29 was 2 19-32@2%c. On the other hand, the wholesale price of refined sugar, after at first tending downward, the latter part o f the month again took an upward tack. Arbuckle Brothers on two occa sions during the month had their price down to 5.50c., but May 29 were quoting 5.60c., and the range at the end of the month at the different refineries ran from 5.55c. to 5.70c., as against 5.60@5.80c. April 30. The retail price of milk in New York was reduced lc. a quart May 16, bringing the quo tation for Grade B milk down to 14c. Offerings of new securities continued on an extensive scale during May. The largest single piece of financing during the month was the sale o f $60,000,000 City of New York 4 % % bonds, due May 1 1926-1965, inch, to a banking syn dicate headed by the National City Co. and the First Na tional Bank, N. Y., at 102.3197, a basis of about 4.045%. The bankers in turn offered the bonds to investors at prices to yield from 3.25% to 4.05%, according to maturity. Alex. Brown & Sons and Harris, Forbes & Co. headed a group o f bankers offering $26,500,000 10-30-year Federal Land Bank 4% % bonds at 102%% & int., to yield about 4.15% to the redeemable date (1935) and 4% % thereafter to redemption or maturity. Among the larger corporate issues appearing during the month may be mentioned the follow ing: $16,000,000 Minnesota & Ontario Paper Co. 1st mtge. 6% bonds, Ser. A. offered by a syndicate headed by Halsey, Stuart & Co., Inc., at prices ranging from 98 to 99%, according to maturity. J. P. Morgan & Co., First National Bank, N. Y., and the Na tional City Co. sold $15,000,000 Florida East Coast Ry. Co. 1st & ref. mtge. 5% bonds, Ser. A, at 94% & int., to yield 5.30%. $14,000,000 Associated Gas & Elec. Co. secured bonds, 6% series of 1925, at 95% & int., to yield 6% % , of fered by John Nickerson & Co., Hambleton & Co. and Federal Securities Corp., were oversubscribed. H. M. Byllesby & Co. Inc., placed 450,000 shares Louisville Gas & Elec. Co. (D el.), Class “ A” com. stock at $26 per share. J. P. Morgan & Co., with other financial institutions, disposed o f $10,530.000 New York Central Lines 4 % % equip, trust certifs. at prices to yield 4.70% for all maturities, plus accrued div. J une, 1925.] MONTHLY REVIEW 9 $10,491,000 Southern Pacific Co. 4% % equip, trust certifs., event escape heavy assessments in the pending reorganiza Ser. “H,” were placed by Kuhn, Loeb & Co. at an average tion of the company. Nevertheless, Mil. & St. Paul com. price of 98.66 & accrued divs. to date of delivery, an average- closed May 29 at 10, against 4% Apr. 30 and the pref. closed yield of 4.69%. The National City Co., with other banking at 14%, against 8%. American Sumatra Tobacco Co. had to houses, brought out $10,000,000 Pacific Gas & Elec. Co. 1st seek the shelter of a receivership, as the company had an & ref. mtge. 5% bonds, Ser. D, at 95% & int., yielding over issue of bonds for $3,255,500 maturing June 11925 and could 5.30%. Drexel & Co. sold $10,000,000 Philadelphia Suburban make no provision for taking care o f it. In expectation of Water Co. 1st mtge. bonds, 5% series, due 1955, at 97% & the event the pref. stock, which is a small issue (only $2,000,int., yielding over 5.15%. $10,000,000 Cities Service Co. ref. 000), had the previous month been badly tumbling, touching 6% deb. bonds were disposed of by bankers at 91 & int., to 28 Apr. 27, against 52 Apr. 17, and had closed Apr. 30 at 36%. yield about 6.65%. The Union Trust Co., Cleveland, and In May the stock shot upward with great rapidity. On Clark, Dodge & Co., N. Y., offered $7,250,000 McKinney Steel May 7, the day the receivers were appointed, it rose from Holding Co. 6% cum. pref. stock at 99% & accrued div., to 29 to 36; on May 8 it got up to 51% ; on May 11 it touched yield over 6%. Kuhn, Loeb & Co. placed $6,425,500 Southern 69%, and later in the month, that is May 28, it reached 86%. Pacific RR. 1st ref. mtge. 4% bonds at 91 & int., yielding Of course the smallness of the issue made the move against over 4.55% to maturity. Dominick & Dominick and other the shorts easy, and those who had the temerity to indulge bankers announced an oversubscription to an offering of in extensive short selling in a case of that kind were taking 158,000 shares the Sun Oil Co. com. stock (no par value) at big chances. The case is here cited merely to show that the $36 50 per share. $5,000,000 Standard Gas & Elec. Co. 7% big advances of the month, of which there were many, did cum. prior preference stock was sold by H. M. Byllesby & Co., not all have their origin in the intrinsic merit of the proper Janney & Co., Hambleton & Co. and Federal Securities Corp. ties. A number of other bankrupt properties might also be mentioned, the stocks of which were made the subject of at $100. In addition to these domestic issues $5,943,000 Province of bullish manipulation and bullish demonstration. Cordoba, Argentina, external 17%-year 7% bonds of 1925 It is not to be inferred, of course, that all the sharp ad were placed by Harris, Forbes & Co., the First National Corp. vances of the month were of this character—far from it— of Boston and Kissel, Kinnicutt & Co., at 95 & int., yielding but enough has been said to indicate that the upward move over 7.50% to maturity. Harris, Forbes & Co. brought out ment proceeded indiscriminately and that the forces behind $5,000,000 Price Bros. & Co., Ltd. (paper mfrs.) 1st mtge. it were often indifferent whether there was basis for it in 20-year 6% bonds, Ser. A, at 101 A int., yielding about 5.90%. real merit or not. Different groups of stocks were taken in Changes in corporate dividend declarations during May hand, one after the other, as is always the case when a bull were again rather limited in number. Associated Gas & Elec. campaign of large proportions is under way, and when en Co. raised the quar. divs. on its Class “ A” stock from 50c. to thusiasm flagged in one group or a downward reaction oc 62%c. a share, stockholders having the option of taking 1-40 curred in such group, because the manipulators were realiz of a share of Class “ A” stock instead of cash. Pacific Oil ing profits therein, another group would be taken in hand Co. increased its semi-ann. div. from $1 to $1 50 per share. and advanced with great rapidity. The motor stocks were The quar. div. on Great Atlantic & Pacific Tea Co. com. was very prominent in the rise, the same as in April, and the raised from $1 to $1 25 per share. Dominion Textile Co., motor industry certainly seemed to be experiencing great Ltd., increased the quar. div. on com. from $1 to $1 25 per activity and presumably great prosperity, the output of share. The quar. div. on International Securities Trust of cars being heavy and apparently finding a ready market. America com. shares was raised from 60c. to 65c. per share. Maxwell Motor Class B shares, which on April 18 had sold Calumet & Arizona Mining Co. decl. a quar. div. of 50c. a up to 89%, against 33% on Jan. 27, on May 28 touched 109. share from earnings and 50c. a share from reserve for de Hudson Motor, which had risen from 33% Jan. 5 to 54% Apr. preciation and depletion; quar. divs. of 50c. per share were 15, on May 29 reached another new high at 59%. Mack previously paid. Motor Wheel Corp. raised its quar. div. Trucks com., which had moved up from 117 Jan. 16 to 152% on com. from 30c. to 40c. per share. United States Gypsum Apr. 18, on May 28 touched 185%. Nash Motors com., which Co. decl. an extra cash div. of 5% on its com. stock. New on April 18 had sold up to 368% from 193% Jan. 5, in May Jersey Zinc Co. decl. an extra of 2%. A special div. of $5 a distinguished itself by a further rise to 430. And these illus share, payable out of surplus, was decl. by Thomson Electric trations might be continued at great length. Welding Co. Associated Dry Goods Corj). decl. a quar. div. The power stocks constitute another group which moved of 63c. a share, placing its new no par stock on a $2 50 a share skyward with hardly less rapidity. In this case the ad yearly basis. Alabama & Vicksburg Ry. decl. a stock div. of vances are in most cases predicated upon the wonderful 100%. A stock div. of 10% was decl. on Paige-Detroit Motor development of the power industry that has already oc Car Co. com. U. S. Realty & Impt. Co. decl. a 10% stock div. curred and the still greater development that seems to be on com. A stock div. of 1% % was decl. on Kraft Cheese Co. in prospect. In a measure future earning capacity here is, com. stock. United Cigar Stores of America decl. a quar. in numerous instances, being discounted. Utah Securities cash div. of 2% and a stock div. of 1% % on com. Inspiration com. (which has now been succeeded by the Electric Light & Copper Co. resumed divs. Divs. were also resumed on Power Corporation) on May 20 touched 157%, against 41% Marland Oil Co. capital stock. Certain-teed Products Co. re Feb. 17; in January of the previous year this stock sold as sumed on com. United Paperboard Co., Inc., announced its low as 16%. Montana Power, which on Apr. 17 had got down first distribution on com. since 1921. Michigan Sugar Co. to 64, on May 25 was up to 87%. Public utility properties, resumed on com. Eaton Axle & Spring Co. also resumed being many of them so closely allied to the power concerns, divs. made a similar favorable record for themselves in several On the other hand, New England Tel. & Tel. Co. cut its instances. Electric Power & Light certificates during May quar. div. from 2% to 1%. Todd Shipyards Co. reduced its jumped from 21% to 37. Columbus Gas & Electric sold at quar div. from $1 50 to $1 per share. The quar. div. on Inter 69% May 21, against 45% Jan. 21. International Tel. & Tel. national Text Book Co. was cut from 1% % to 1%. Pacific on May 29 touched 111, against 87% Apr. 3. West Penn Co. Mills decl. a quar. div. of % of 1%, as against 1% % pre got up to 145 May 21 from 105 Mar. 2. And Havana Electric viously paid. Whitman Mills reduced its quar. div. from Railway, Light & Power in May jumped from 112 to 156; 2% to 1% % . Chicago St. Paul Minneapolis & Omaha Ry. the sales here were largely “ seller 10 days,” or seller 15, in deferred action on the semi-ann. div. on its 7% non-cum. dicating foreign selling. Amer. Water Works & Elec. com. •pref. Consolidation Coal Co. deferred payment of the quar. on May 27 touched 64%, against 34% Jan. 13. Many indus div. on its 7% cum. pref. stock. The quar. div. on Sidney trial stocks also established new high records for the year Blumenthal & Co., Inc., 7% cum. pref. was also deferred. in May. We may mention in particular Inter. Paper com., Acushnet Mills Corp. passed its usual quar. div. which on May 29 sold at 73%, against 48% on Mar. 19. Speculative activity at rising prices again developed on a BroAvn Shoe com. May 29 touched 100, against 64% Mar. 31. tremendous scale during May. Bullish proclivities found International Shoe com. touched 148 May 29, against 108 pronounced expression in all branches of the market. In Feb. 2. Department store shares and chain store stocks fact, the upward movement proceeded without curb or re likewise commanded great favor and established wonderful strain. The result was the more noteworthy, as only two records. Associated Dry Goods com. sold at 214 May 25, as months before, in March, the market had suffered such a against 128 Jan. 5. Sears, Roebuck & Co. touched 174% May serious collapse. It seemed to be possible to whirl almost 20, against 147% March 30. any stock upward that operators for higher prices chose to The rubber stocks, of course, benefited by the great ad take in hand. Even properties in receivers’ hands proved vance in the price of crude rubber. U. S. Rubber com. sold no exception to the rule. Room traders were apparently all at 47% May 12, against 33% Mar. 30, and Goodyear Tire & the time alert to detect the slightest evidence o f a short Rubber pref. touched 101% May 27 and 86% Jan. 6. Oil interest in any stock, and when they found traces of its stocks came into prominence the latter part of the month existence would proceed to compel the shorts to run to cover. on the marking up of prices of crude petroleum and gasoline, In the railroad list Milwaukee & St. Paul shares, com. and and the copper stocks in a moderate way were also active at pref., afforded an illustration of this and in the industrial times, though the price of copper continued to rule at low list American Sumatra Tobacco pref. furnished an even more levels. Lead prices advanced, as indicated further above, conspicuous instance. In the Milwaukee & St. Paul stocks and St. Joseph Lead made another new high record for the the short interest had evidently not yet been completely liqui year at 52% May 25, which compares with 39% Feb. 17 and dated, or else a new short interest been created; accordingly, 22 in January the previous year. The steel stocks were not market leaders thought it a good opportunity to engineer a particularly prominent in the forward movement, the steel sharp advance therein. The ostensible reason for sending trade lacking snap. U. S. Steel com. on occasions displayed these stocks upward was that the Inter-State Commerce strength and closed May 29 at 116%, against 113% Apr. 30. Commission had directed an inquiry into the causes of the The low point for the year on this stock was 112% Mar. 30 receivership. Obviously, this investigation, whatever it and the high 129% Jan. 23. American Woolen stocks were may disclose, cannot bring the road back to solvency, nor weak, on the depression in the market for raw wool, and does there seem any likelihood that the shares can in any both com. and pref. established new low records for the 10 MONTHLY REVIEW year, the common selling May 6 at 34%, against 64% Jan. 6 and the preferred 69% May 6, against 96% Jan. 20. Railroad stocks were less of a feature than in most of the preceding months, and yet very many of them established new high records for the year. The different classes of Reading shares and the Lackawanna stock were quite a prominent feature in that respect the latter part of the month. Among the other “ rails” that made new high records during the month may be mentioned St. Louis-San Francisco com. and pref., the different Wabash issues, Wheeling & Lake Erie com. and pref., Seaboard Air Line com. and pref., Southern Railway com., Chesapeake & Ohio com. and pref. The bond market was strong throughout, with all classes o f issues in good demand— high priced and low priced, gilt edged, specu lative and semi-speculative. VOLUM E OF BUSINESS ON TH E STOCK E X C H A N G E . Month of May— 1925. 1924. 1923. 1922. Stock sales— No. shs. 36,647,760 13,513,967 23,155,730 28,921,124 Bond sales (par val.)— Railroad &miscell. $244,788,975 $152,490,000 $139,298,000 $188,185,000 U . S. Government74,892,500 95,464,000 96,054,330 139,494,425 State, municipal & 25,198,600 30,695,000 34,577,500 49,744,000 foreign________ Total bond sales.. $344,880,075 $278,649,000 Jan. 1 to May 31— Stock sales— No. shs. 174,151,359 97,515,654 Bond sales (par val.)— Railroad&misceli.$1,157,689,275 $847,038,000 U . S. Government201,943,500 410,059,000 State, municipal & foreign__________ 256,464,160 151,531,000 $269,929,830 $377,423,425 112,105,698 112,023,173 $755,159,400 361,604,175 $858,158,100 855,916,875 213,050,900 271,405,000 Total bond sales__$l,616,096,935 $4,408,628,000 $1,329,814,475 $1,985,479,975 There was nothing to disturb the placid condition of the money market during May. The revival of speculation on the Stock Exchange on a very extensive scale, with a great increase in the volume of transactions at that security mart, must have served to augment the demand for brokers’ loans, but there appears to have been a moderate return flow of currency from the interior after the conclusion of the April settlements and the other spring requirements, while the mercantile demand for accommodation at the banks re mained moderate because of the generally dull condition of trade and business. The temporary dislocation of funds at this centre occasioned in April by the financing of the pur chase, for $146,000,000, of the Dodge Brothers’ automobile properties at Detroit by a New York syndicate headed by Dillon, Read & Co., which involved a considerable transfer of money from New York to the West, was followed during May by a gradual readjustment to the normal. The range of rates for call loans was within narrow limits and rates for other classes of loans may be said to have been abso lutely stable. The maximum figure for call loans during the month was 4% % per annum and the minimum 3% % . The maximum was reached on two occasions, the first time on Monday, May 4, when the Dodge Brothers financing was still an influence, and when it appeared from the weekly return of the New York Clearing House banks and trust com panies of the previous Saturday that surplus reserves of these institutions above legal requirements had again ap proached the vanishing point, being reported at only $269,550. But this proved only temporary and the next day some loans were made as low as 3% % , The remainder of the month the range was between 3% and 4%, except that on Monday, May 25, there was a splurge to 4% % , possibly owing to preparations for the first of June disbursements. The rate for renewals was 4% up to May 5, when there was a reduction to 3% % , and this rate also ruled on May 6, but on May 7 there was an advance to 4% again, followed by a return to 3% % on May 8 and a drop to 3% % on May 11. On May 12, May 13 and May 14 the rate was 3% % . Then the quotation was marked up again to 4%, which figure con tinued to rule until May 19, when there was a return to the 3% % figure, and this last figure ruled unchanged until May 26, when the quotation was once more marked up to 4%, and held at that figure the rest of the month. Time loans were in adequate supply, while the inquiry was light and the market inactive and lifeless. Rates ruled virtually un changed throughout the month, with the quotation at the close 3 % @ 3 % % for 60 days, 3% % for 90 days and 4 months and 3% @ 4% for 5 and 6 months. Commercial paper the latter part of the month was in quite active demand from both out-of-town and local buyers, and a fairly large volume of business was transacted. Rates ruled unaltered through out at 3% @ 4% for 4 to 6 months’ names of choice character, while 4@ 4% was required in the case of names not so well known. New England mill paper and the shorter choice names continued to be dealt in at 3% % . Moderate activity was reported, with out-of-town institutions the principal buyers. Banks and bankers’ acceptances ruled at fraction ally higher levels. A moderate degree of activity was noted the latter part of the month. City and country institutions, also individual investors, figured in the dealings, and the aggregate turnover attained larger proportions than usual, although light offerings restricted business to some extent. For call loans against bankers’ acceptances the posted rate of the American Acceptance Council alternated between 3% and 3% % during the month, with the higher figure prevail ing at the close. The Acceptance Council made the discount rate on May 29 on prime bankers’ acceptances eligible for purchase by the Federal Reserve baiiks 3% % bid and 3% % asked for bills running 30 days, 3% % bid and 3% % asked for bills running 60 to 90 days. 3% % bid and 33/a% asked for bills running 120 days and 3% % bid and 3% % asked for [You 130. bills running 150 and 180 days. There were no changes dur ing the month in the rates of discount by any of the Federal Reserve banks. As already stated, the return of the New York Clearing House banks and trust companies for Saturday, May 2, showed surplus reserves above legal requirements again down close to the vanishing point, the surplus being stated at only $269,550, this comparing with $20,042,060 surplus on April 25 the previous Saturday. All the items in this return reflected the $146,000,000 payment made on Friday, May 1, by Dillon, Read & Co. for the automobile properties of the Dodge Brothers. Obviously, this large payment must have required much preliminary borrowing, with in turn heavy increases in deposits. At all events, as compared with the previous Saturday, the Clearing House statement for May 2 showed an expansion in loans in the huge sum of $196,919,000. Net demand deposits increased no less than $196,785,000, though on the other hand, time deposits decreased slighlty, namely $1,038,000, making the net increase in com bined deposits $195,747,000, bringing the combined total up to $5,209,819,000. The changes in the statements for subse quent weeks, while the process of a return to the normal was going on, must be interpreted in the light of the excep tional changes shown in the May 2 report as a result of the Dodge financing. Both the loan item and the deposit item declined week by week until the final week, when there was again an increase, brought about, no doubt, by the custom ary preparations for the first of June settlements and pay ments. Aggregate deposits declined from $5,209,819,000 May 2 to $5,114,026,000 May 9, to $5,052,507,000 May 16, to $5,015,666.000 May 23 and then recovered to $5,082,993,000. Loans, discounts, etc., were $5,411,201,000 May 2, dropped to $5,311,176.000 May 9, $5,242,655,000 May 16 and to $5,223,621,000 May 23, and were $5,274,289,000 May 28— the return having been issued a day earlier owing to the fact that Saturday, May 30, was Memorial Day and a legal holiday. Surplus reserves, which as already stated, May 2 were only $269,550, increased to $23,302,890 May 9, with the shrinkage in de posits, and then to $65,676,640 May 16, but dropped to $41,439,280 May 23 (as the result of diminished borrowing at the Federal Reserve Bank), but recovered to $49,404,320 May 29 — and largely as the result of increased borrowing again. At all events, aggregate reserves upon which excess reserves depend as much as upon the changes in aggregate deposits, fluctuated quite widely from month to month, and these fluctuations followed in great measure as a result of the fluctuations in the member bank reserve account with the Federal Reserve Bank, and this latter in turn varies more or less as the borrowing at the Reserve Bank increases or decreases. Thus in the week from May 20 to May 27 the discounts at the Federal Reserve Bank of New York ran up from $59,781,000 to $110,446,000, and member bank reserve accounts correspondingly increased from $816,072,000 to $842,707,000. Between May 13 and May 20, on the other hand, when borrowing at the Reserve Bank, as represented by the bill holdings, was reduced from $72,509,000 to $59,781,000 member bank reserve accounts fell from $836,242,000 to $816,072,000. The item in the Clearing House statement of “ bills payable, rediscounts, acceptances and other liabili ties,” which between Anril 25 and May 2 increased from $570,906,000 to $583,714,000, fell to $573,614,000 May 9, in creased again to $601,666,000 May 16, decreased to $581,948,000 May 23 and was $590,735,000 May 29—at which figure, however, comparison is with only $406,701,000 at the corre sponding date in 1924. RATES FOR M O N E Y AT N E W YO R K , W E E K L Y . Week Ending— Call Loams on Stock Exchange— May 1. May 8. May 15. M ay 22. Range for week (mixed & indus. coll.) -3JS-4 3H -4H 3H -4 3 % -4 Week’s average (mixed & indus. coll.) 4 3% 3% 3% Time Loans (Mixed & Industrial Collateral)— Sixty days. __ ________________ - 3 « - 3 M 3H -3% 3 A -3 H 3 A -3 H Ninety days . _ . _ _____ -3 & -4 3 « -4 3% 3M Four m on th s____ -3 ^ -4 3 ^ -4 3% 3H Five months . ____. . . -3M -4 3M-4 3M -4 3M -4 Six months _ ___________ _ 3% -4 -3M -4 3M -4 3 ^ -4 Commercial Paper— Double and single names— Prime 4 to 6 months . . ____ -3M -4 3K -4 3M -4 3M -4 Good 4 to 6 m onths.. ______ __ 4-4 M - 4-4 M 4 -4 ^ 4-4 M M ay 29. 3 % -4 A 4 3A~3% 3% 3 >A 3M -4 3M -4 3M -4 4-4 X In the foreign exchange market the features were the con tinued strength of sterling bills on London, with the further advance in rates to within a trifling fraction of actual par, and the renewed decline in rates on Paris and on Italy. The return of Great Britain to the gold standard encountered no obstacles. This was undoubtedly an influence in the further rise in rates. Then, also, it was noted that buying to cover tourists’ requirements was rapidly attaining sub stantial proportions and bade fair to play an important part in sustaining rates during the summer, traveling abroad, both present and prospective, being evidently on a more ex tensive scale than for a long time previously. Furthermore, with rates for money ruling higher in London than in New York, the inducement to transfer bankers’ balances and other floating supplies of capital to the other side was constantly present. Then, also, offerings of commercial bills were un usually small. They are nearly always light at this season of the year, but the present year the absence of any consid erable supply of bills from that quarter was such as to ex cite comment. There was likewise a marked falling off in the sale of future bills. In explanation it was stated that prior to Great Britain’s restoration of the gold basis it had been customary for exporters when selling on a 90-day basis J une, 1925.] MONTHLY REVIEW (the form of sale most commonly in use) to protect them selves against possible losses through depreciation in ex change by selling 90-day sterling bills. Now, with fluctua tions downward in sterling virtually eliminated, this prac tice was being allowed to lapse. Under the further advance in rates for sterling apprehensions that the Bank of England might be compelled to raise its discount rate, in order to pro tect its gold supply, disappeared. This tended further to strengthen the sterling branch of the exchange market. From 4 84*4 May 1 sight bills on London steadily advanced to 4 86 3-16 on May 20, or within about %c. of the par of sterling which is 4.8665; then desultory sales to realize profits caused fractional reactions, and the range May 29 was 4 85% @ 4 86. In Continental exchange there was pronounced weakness in the French franc, which the latter part o f the month again dropped below 5c. The features in this break were the uprising of the B iff tribes in Morocco, necessitating French military re-enforcements in Morocco and creating uneasiness over the prospects of a protracted Moroccan cam paign. Unfortunately, too, the French suffered some serious reverses in their operations. Selling of bills against grain imports and to provide funds for interest payments on French foreign loans was likewise an influence in the decline. Bumors and reports that the United States was bringing pressure to bear on France and the other countries indebted to the United States with a view to inducing them to under take seriously the task of negotiating a settlement of such indebtedness also, no doubt, were a disturbing element. In addition, French finances continue very much in a tangle and the problem of balancing the budget is far from having been solved. The first half of the month current quotations for the franc were quite well maintained, so much so as to give rise to the suggestion that the stability of rates must be due to the control exercised by the Bank of France over the franc market. It was argued that news developments had been such as to bring a serious break in French exchange except for the support extended by the Bank of France. The break came the last two weeks of the month. On May 1 the rate for checks on Paris was 5.23@5.24 and by May 16 the rates were still 5.19Y4, @5.20%, but on May 18 there was a drop to 5.18 and on May 20 to 5.13% and by May 27 the 5c. 11 point had been broken through, the rate then dropping to 4.98%. From this there was only a trifling recovery, so that the figure May 29 (Saturday, May 30, was a holiday) was 5.00@5.01%. The Italian lire seems also to have been af fected adversely by the news that a settlement of indebted ness to the United States was being insisted upon. But the principal immediate cause, according to the Borne correspond ent of the New York “ Times” was selling here to cover im ports of wheat. Payment for these purchases had been de ferred, it is stated, in the hope of improvement in exchange rates. The lire dropped below the 4c. mark, that is sight bills on London declined from 4.11% May 1 to 3.95% May 27, and were 3.97% @3.98% May 29. The Spanish peseta also suffered in some measure from the uprising in Morocco be cause of apprehension that Spain, too, might become in volved in the uprising or might choose to co-operate with France in suppressing i t ; there were reports of contemplated co-operation the latter part of the month. Checks on Madrid from 14.64% May 1 and 14.69 May 5 declined to 14.39% May 13, but there was subsequent recovery to 14.57 May 21, and the range May 29 was 14.51@14.53. Exchange on Bel gium likewise suffered a break, and checks on Antwerp dropped from 5.07% May 1 to 4.88% May 29. Beports had it that there had been considerable selling on both the Lon don and Paris markets of French, Belgian and Italian cur rencies by disgruntled longs who had bought heavily the latter part of April in the belief that the Continental cur rencies would follow the upward course of sterling. Greek exchange likewise was weak and the drachma on checks fell from 1.89% May 1 to 1.70 May 23, with the rate May 29 1.70%. There was no change during the month in either the rate on Berlin or that on Vienna. The former remained at 23.81 and the latter at .0014%. The note circulation of the Bank of Germany was reduced 65,273,000 marks the first week of May, 116,974,000 marks the second week and 66,713,000 marks the third week, followed by an increase the last week, as in previous months. The German Gold Dis count Bank, which is distinct from the Bank of Germany, on May 19 reduced its discount rate from 8% to 7%, but the Bank of Germany made no change from 9%. The Na tional Bank of Hungary on May 29 reduced its rate of dis count from 11% to 9%. RATES OF EXCHANGE ON CONTINENTAL CENTRES. NOTE.— Method o f quoting French, Swiss and Belgian francs and Italian lire changed on D ec. 1 1920 to show the value o f all these different units!n en ts per un it. The previous method of quoting was to give the number o f francs or lire to the dollar. Paris Francs Checks Swiss Francs Bankers’ Antwerp Francs Bankers' Bankers’ Checks Cables Bankers' Cables Checks Italian Lire Amsterdam Guilders Cables Sight Cables Sight Greek Now quoted In Cents per Drachma Bankers' Cables Bankers' Cables Checks 1 5.23 a5.24 5.24 ah.2b 19.36al9.36% 19.37al9.37% 40.10%a40.12 40.12%a40.14-5.06%a.07% 5.07M a.08% 4.10 0.11% 4.11 a.12% 1.88 o.89% 1.88% a.90% 2 5.22% a5.23% 5.23% a5.24% 19.34% 1.85% 1.85 19.35% 40.11 040.12 40.13 a40.14 5.06 % a .07 % 5.07% a.08% 4 .1 0 % O .ll% 4 .1 1 % a .l2 % 8 SUN D A Y SUN D A Y SUN D A Y SUN D A Y SUN D A Y SUN D AY 4 5.21%a5.23 5.22%a5.24 19.31%al9.33 19.32% al9.34 40.13o40.15% 5 5.23 a5.23% 5.24 a5.24% 19.33 19.34 40.16a40.18% 019.34 19.34 019.3540.18 040.19 7 5.18 05.19M 5.19 a5.20% 19.33%a.34% 19.34% a.35% 40.17a40.18% 8 5.20 a5.21 5.21 a5.22 19.34 19.35 40.18 040.19 9 5.19% 19.34 5.20% 19.35 40.18 10 SUN D A Y SUN D A Y SUN 11 5.18% a5.21% 5.19% a5.22% 19.34%o.34% 19.35%a.35% 40.17 12 5.19% a5.22% 5.20% a5.23% 19.34019.35% 19.35al9.36% 40.17a40.18% 13 5.19 a5.20 5.20 a5.21 19.34% 19.35% 40.17% 14 5.20% a5.21% 5.21% a5.22% 19.35 19.36 40.17%a40.19 15 5.19 a5.20% 5.20 a5.21% 19.34% 19.35% 40.17% 16 5.19% a5.20% 5.20% a5.21% 19.34% 19.35% 40.17% 17 SUN D A Y SUN D A Y SUN 18 5.18 a5.18% 5.19 05.19% 19.34% 19.35% 40.18% 19 5.13% a5.16% 5.14% a5.17% 19.33% a.34% 19.34%o.35% 40.18% 20 5.13% a5.15% 5.14% a5.16% 19.33% 19.34% 40.19% 21 5.13%a5.16 5.14%o5.17 19.33al9.34 19.34al9.35 40.19 22 5.10% a5.12% 5.11 % a5.13% 19.33al9.33% 19.34019.34% 40.19 23 5.09%a5.11 5.10%a5.12 19.33 19.34 40.18 24 SUN D A Y SUN D A Y SUN 25 5.07 a5.11% 5.08 a5.12% 19.33% 19.34% 40.17o40.18 26 5.00%a5.05 5.01%a5.06 19.34% 19.35% 4 0 .15o40.17 27 4.98%a5.01 4.99% a.5.02 19.34% 19.35% 40.15 28 4.98% a5.01% 4.99% a5.02% 19.34% 19.35% 40.13% 29 5.00 a5.01% 5.01 05.02% 19.34% 40.14% 19.35% 30 HOLI D A Y HOLI D A Y HOLI 31 SUN D A Y SUN D A Y SUN 6 5.17% a5.21% 5.18% a5.22% 19.33 40.15040.17% 5.05 a.06 5.06 a. 07 4 .0 9 % a .l0 % 40.18a40.20% 5.06 a.06% 5.07 a.07% 4 .0 9 % a .l0 % 5.03%a.05 4 .0 9 % a .l0 % 40.20 a40.21 5.02% a.04 40.19a40.20%!5.02%a.03% 5.03% a.05% 4.09% a.09% 40.20 040.21 5.04 a.04% 5.05 a.05% 4.09% a.09% 4.09% 5.04 40.20 5.05 DAY SUN SUN D A Y 40.19 5.03% a.04% 5.04% a.05% 4.09% a.09% 40.19a40.20% 5.04% a.05% 5.05% a.06% 4 .09% a .l0 40.19% 5.04% a.04% 5.05%a.05M 4.09 a.09% 40.19%a40.21 5.04% a.05% 5.05% a.06% 4.08% a.09% 40.19% 5.03 o.04% 5.04 o.05% 4.05% a.08% 4.06% a.07% 40.19% 5.03 5.04 SUN DAY SUN D A Y 40.20% 5.02 a.03 5.03 O.04 4.04% o.07 5.01 a.02 3.99^0 4.04*4 40.20% 5.00 o.Ol 40.21% 4.99%a5.01 5.00% a.02 4.03 a.05% 40.21 4.99*20 5.00*2 5.00% a.01% 4.05% a.07 40.21 4.99%o5.00 4.03 a.04% 4.98% a.99 4.02% a.02% 40.20 4.99 5.00 DAY SUN SUN D A Y 40.19a40.20 4.98 a.99% 4.99 a5.00% 3.99s4O4.02*4 40.17a40.19 4.95 0.97 4.96 0.98 3.95% a.98% 40.17 4.94 a.96 3.95% a.97% 4.93 M a.95 40.15% 4.91% a.93M 4.92M a.94% 3.97 a.98 3.97M a.98% 4.89%a.91 40.16% 4.88% a.90 DAY HOLI HOLI D A Y SUN DAY SUN D A Y 1.84 4 .1 0 % a .ll% 1.83% 1.84 1.84% 4 .1 0 % a .ll% 4 .1 0 % a .ll% 1.83 1.83% 1.84 4 .1 0 % a .l0 % 1.83% 1.84% 1.85 4 .1 0 % a .l0 % 1.87 4.10% 1.87% DAY SUN D AY 4 .1 0 % a .l0 % 1.85 a. 8 6 % 1.85%a.87 1.84% 1.84% 4 .1 0 % a .ll 1.84 1.84% 4.10 a .10% 1.84 1.84% 4 .0 9 % o .l0 % 4.06% a.09% 1.82% 1.83 4.07% a.08% 1.81% 1.80% DAY SUN D AY 4.05% a.08 1.78 1.78% 1.75% 1.76% 4.00% a.05% 4.04 a.06% 1.73 1.73% 1.74% 4.06% a.08 1.75 4.04 o.05% 1.71% 1.72 4.03% a.03% 1.70 1.70% SUN DAY DAY 4.00% a.03% 1.73 a.74% L.73%a.74% 3.96% a.99% 1.73%a.74 L .74 a.74% 1.70% 1.71% 3.96% a.98% 1.72 1.71% 3.98 a.99 3.98% a.99% 1.70% 1.70% HOLI DAY DAY SUN D A Y DAY Denmark Kroner M ay' Sweden Kroner Norway Kroner Berlin / Reichsmarks Vienna Kronen Spanish Pesetas • Bankers' Checks Cables Bankers’ Checks Cables Bankers' Checks Cables Bankers’ Cables Checks Bankers' Cables Checks Bankers' Checks Cables 1 _________________ 18.64al8.71 18.68al8.75 26.71a26.73 26.75a26.77 16.49*20 ,62‘z 16.53*2 a . 66*2 18.66al8.68 18.70al8.72 26.71 26.75 16.580.60% 16.620.64% 3 _________________ SUN D AY SUN D A Y SUN DAY 4 _________________ 18.66al8.78 18.70al8.82 26.73 16.69al6.94 16.73al6.98 26.77 5 _________________ 18.840.96% 18.88a.00% 26.73% 26.73% 16.95al7.03 16.99al7.07 6 _________________ 18.82al8.86 18.86al8.90 26.77% 16.80%a.85 16.84%a.89 26.73% 7 ____ 18.76%a.82 18.80%a,86 26.73% 26.77% 16.73al6.79 16.77al6.83 8 _________________ 18.81%a.87 18.85%a.91 26.71 %a.73 26.75%a.77 16.76al6.88 16.80al6.92 9 _________________ 18.86% 18.90% 26.71 26.75 16.86*2 0.88*4 16.90*20 .92*2 1 0 _________________ SUN D A Y SUN D A Y SUN DAY 1 1 _________________ 18.79al8.84 18.83al8.88 26.71 26.75 16.770.85% 16.810.89% 1 2 _________________ 18.74ol8.80 18.78al8.84 26.71 26.75 16.71016.78 16.75016.82 1 3 _________________ 18.74ol8.76 18.78al8.80 26.70 26.74 16.69al6.7f 16.73ol6.80 1 4 _________________ 18.79al8.81 18.83al8.85 26.71 26.75 16.79%a.83 16.83%a.87 1 5 _________________ 18.71al8.77 18.75al8.81 26.70 26.74 16.71ol6.77 16.75al6.81 1 6 _________________ 18.67 26.74 18.71 26.70 16.69 16.73 SUN D A Y SUN D A Y SUN D AY 1 7 _________________ 26.74 1 8 _________________ 18.65ol8.74 18.69al8.7S 26.70 16.65al6.75 16,69al6.79 1 9 _________________ 18.70al8.73 18.74al8.77 26.71 26.75 16.66ol6.70 16,70al6.74 26.71 26.75 2 0 _________________ 18.71al8.79 18.75al8.83 16.70al6.7f 16.74al6.83 2 1 _________________ 18.80a.82% 18.84a.86% 26.71a26.72 26.75a26.76 16.80016.86 16.84al6.90 2 2 _________________ 18.76al8.79 18.80al8.83 26.72% 26.76% 16.78%a.81 16.82%a.85 26.69 2 3 _________________ 18.78 18.82 26.73 16.79 16.83 SUN D A Y 2 4 _________________ SUN D A Y SUN D AY 26.72 26.76 2 5 _________________ 18.75al8.78 18.79al8.82 16.800.83% 16.84a.86% 26.76 26.72 16.88al6.90 16.92ol6.94 2 6 _________________ 18.79ol8.81 I8.83al8.85 26.72% 26.76% 16.860.89% 16.900.93% 2 7 _________________ 18.7 8%a.80 18-8214a.84. 4fl 2 2 8 _________________ 18.78 18.82 26.72340 .73*2 26.763 .771 16.85al6.87 16.89a.1691 2 9 _________________ 18.79 18.83 26.73% 26.77% 16.79*20 .83*2 16.83*20 .87*2 HOLI D A Y HOLI D A Y HOLI D A Y 3 0 _________________ SUN D A Y SUN D A Y 3 1 ________________ SUN D AY f Gold or rentenmark equivalent to one trillion paper marks. 2 ________________ 23.81 23.81 SUN 23.81 23.81 23.81 23.81 23.81 23.SI SUN 23.81 23.81 23.81 23.81 23.81 23.81 SUN 23.81 23.81 23.81 23.81 23.81 23.81 SUN 23.81 23.81 23.81 23.81 23.81 HOLI SUN 23.81 23.81 DAY 23.81 23.81 23.81 23.81 23.81 23.81 DAY 23.81 23.81 23.81 23.81 23.81 23.81 DAY 23.81 23.81 23.81 23.81 23.81 23.81 DAY 23.81 23.81 23.81 23.81 23.81 DAY DAY .0014% .0014% SUN .0014% .0014% .0014% .0014% .0014% .0014% SUN .0014% .0014% .0014% .0014% .0014% .0014% SUN .0014% .0014% .0014% .0014% .0014% .0014% SUN .0014% .0014% .0014% .0014% .0014% HOLI SUN .0014% .0014% DAY .0014% .0014% .0014% .0014% .0014% .0014% DAY .0014% .0014% .0014% .0014% .0014% .0014% DAY .0014% .0014% .0014% .0014% .0014% .0014% DAY .0014% .0014% .0014% .0014% .0014% DAY DAY 14.58*20 .64*2 14.60*20 . 66*2 14.49*20 .54’j 14.5112a .561 * SUN D A Y 14.50al4.65 14.52al4.67 14.64al4.69 14.66al4.71 14.58a.61% 14.60a.63% 14.54al4.57 14.56al4.59 14.54ol4.56 14.25al4.58 14.53a.54% 14.55a.56% SUN D A Y 14.44%a,51 14.46%a.53 14.41al4.46 14.43ol4.48 14.39%a.43 14.41 %a.45 14.47al4.49 14.49al4.51 14.44%a.47 14.46%a.49 14.44 14.46 SUN D AY 14.450.47% 14.470.49% 14.48%a.50 14.50%a.52 14.47%a.50 14.49%a.52 14.55al4.57 14.57al4.59 14.530.56% 14.55a.58% 14.53 14.55 SUN D A Y 14.50ol4.55 14.52al4.57 14.47a.50% 14.49o.52% 14.47a.49% 14.49a.51% 14.49al4.50 14.51al4.52 14.51al4.53 14.53ol4.5 HOLI D A Y SUN D A Y 12 [Y ol. 126, MONTHLY KEVIEW Rates on the former neutral centres were not greatly al limits, with the price May 29 31%d. per ounce, against tered in the case o f Swiss francs, but the tendency of rates 31 5-16d. May 1. on the Scandinavian countries was upward— and very 2;f££ © © s or,r.r-k © © ~ - © © 22X© strongly so in the case of the Danish crown. Checks on C C O O ^ ^ ^ ^ rH J © © O O00 OC00 00 00 00 00 00 00 00 00 Q« G 003 G e eG c OaCO e e e00 00 s Q e c00e00e00e00 00 e e o e00o00 Switzerland were 19.34^ May 29, against 19.36@19.36 % e < e e s ec o is £ £ May 1, and sight bills on Amsterdam May 29 were 40.14^, ^ CO 2*T*22t<■♦f © © © © iCiOidOi S 2* S O C T C O f C O T against 40.10^ @40.12 May 1. Checks on Denmark from 18.64 May 1 got up to 18.96% May 5, and after dropping 2.?23£ NNNNN £ 2X 23 : 5 back to 18.65 May 18 sold May 29 at 18.79. The Norwegian _ - * NH 00 G G00 G h o o 0 hhh 00 OOHHHH h 1 r < t h < < < < < 00 00 00 00 00 00 00 00 00 00 00 00 00 00 G 00 00 C 00 00 O O O O O . crown, after rising from 16.49% May 1 to 17.03 May 5, and ee <3 <3 53 C <3 3 53 <3 <3 <3 53 53 <3 53 <3 8 C <3 53 53 53 53 53 3^ ^ a s dropping back to 16.65 May 18, ranged May 29 at 16.79% @ XXXsfX &< < 11 OHH, 4NN F — o © ©©©©©© OOOi16.83%. The Swedish crown was 26.71@26.73 May 1 and § £ 26.73% May 29. The Bank of Norway on May 9 reduced its e \\ o « 3 oT^ t-T«r ^ e \w o \ discount rate from 6% to 6%. After the close of the month, Cid OC CO G CO00 G G00 G XXOOOOOO-• hhhhh ©©©©© ©©©©©© ©0^"H—OO XXX.TX !» G 00 G 00 O 00 00 O O O O 00 O O that is on Monday, June 1, a $30,000,000 loan for the King 53 53 e a e e e t s < s < e <3 53 e 3 53 53 e e 53 dom of Norway was brought out in this country. # 2^ 22 ££ X .?2 O' © © o © © © © ©©©©©© In the rates on South American points the feature was the rise in the Argentine paper pesos on news of a return to the gold standard in June. The authorities at Buenos Aires in j ’ -s s S ! sX r O© X r © © © © ©© ©O oo G 00.00 00 00 00 00 XXX00 00 ©2 H J O 00 00 00 00 00 G 00 O announcing a resumption of gold exports imposed certain 53 53 53 e <3 <3 53 53 53 53 53 e 53 <3 53 e 00 G ee restrictions, as in the case of the British restoration of the X 2 2X xxxx H HH 0 0 <0 0 0 0 0 < T oO ©©o o o o 'A ■Sx.2© © © i 1 X v r-t 0 0 * x 0 0 0 0 *^< ©^ O © © © gold standard, and when the embargo is removed on June 10 0 * C 00 ^ 00 G X X X X < 00 C 00 O t Q < T4t Q #r< C T C ^Q Q T* ^ T t it will apply to only about $22,000,000 held by the banks, and not to the $450,000,000 in gold kept in the Caja as a reserve “x x n n NO n © © fc? oo o : 0 n lOt 0 0 'X X X xxx^xxooxxx^ o 0 < XX 253 0 XT <3 53 053 <3 0 0 0 0 <3 against currency. From 38.56 May 1 the Argentine peso — — ................. e < <3 53 <3 53 53 53 53 ► 3 jumped to 40.74 May 29. At the beginning of the next month fXo n n n n n ftxTHx ^ x T< J ^n o nn o o o o o o (June 2) a banking syndicate floated in the United States XX 0 0 XXXX 00 00 00 00 00 ^ THT< t t T^ f < T t < T t < an Argentine Government issue of $45,000,000. The Bra zilian milreis was depressed early in the month by the de XX n n n n n n n n n n n n n \ (O © x x x 2x ooo o o o o o x x x xoxo o X XoX X X X X X X X X o 0 © XXXXXX cline in coffee prices, but the latter part of the month recov XX 3 3 3 3 3x 53 53 53 53 53 53 <3 33 33 33 33 3 53 <3 53 53 53 53 53 53 ered most of its loss. The milreis as represented by checks c 8 XX XXX22 ooo f n o o o o X n n ©©© X X X X ooo T^ X n n n X X rHon n n n n X X X X X x x x x x * on Brazil dropped from 10.71 May 2 to 10.05 May 12. but was XXX XX ^ T T j } < < back to 10.71 May 29. The Uruguyan peso alsp moved sharply upward, and was 97.94 May 29, against 94.43 May 1. The s X jjS X Xs5 X j * s ©©©©© T ©©© f J © © to © © © © © © © H Chilean peso, after moving up from 11.35 May 1 to 11.65 May XXXXXX XXXXXX xxxxx xxxxxx XX 33 33 <3 33 33 33 33 33 <3 e e 3S 33 33 33 33 33 33 <3 <3 33 33 33 33 33 5? 14, was down to 11.33 May 29. The libra on Peru was only ss ^ ^ ©©© © © © © io iO © © © © © T<^ ^ ^ ^ t 4.12 May 29, against 4.16 May 1. Rates on the Far East were x x x x x x xxc fractionally higher except in the case o f the Japanese yen, which was 42@42% May 29, against 42%@42% May 1. The N N O O O O CCCC C N N N N < N < N N N N N < C fO C C C OOOOO N dollar on Hong Kong was 55% @55% May 29, against 54%@ XXXXXX XXXXXX XXXXXX x x x x x 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 33 55% May 1, while the tael on Shanghai was 75% @75% May ^2 HINNNNH N N <N<N<NN N<NXXXX S C W M 29, against 73% @74% May 1. Rupees on Bombay were XXXXXX M O X XXXXXX XXX TT r< f tt t< 36% @36% May 29, against 36% @36% May 1.. The Imperial T r< ff Bank of India during May reduced its discount rate from 7% < N O t< <ONX©OH(NCOTi<iO©NX©OHMCOi<iO©NCO©OH < C T0 ‘ to 6%. Silver in London again fluctuated within narrow g o t RATES OF EXCHANGE ON OTHER CENTRES. May Canada Dollars Checks *8% prem 2 . *3 prem s% . J3% prem 2 . s3% prem 2 . ‘3% prem 2 . ‘3% prem 2 . 8.. *3% prem 2 . 9 . . *6% prem 4 . 1 0 -11. _ *3% prem 2 . 1 2 .. *« % prem 4 . 1 3 .. *3% prem 2 . 14._ 1 -. 2 -3 -4 -. 5 -. 6 -. 7 .- 15. _ 1 6 -17._ 1 8 .. 19. _ 20 . . 2 1 .. 2 2 .. 2 3 .. 2 4 .. 2 5 .. 2 6 .. 2 7 .. 2 8 .. 2 9 .. 30 . . 3 1 .. M ay. 1— 2 ... 3 ... 4 ... 5 ... 6 ... 7 ... 8 ... 9— 1 0 ... 1 1 ... 1 2 ... 1 3 ... 1 4 - .1 5 ... 1 6 -.. 17— 18— 1 9 ... 20. . . 21. „ 2 2 ... 2 3 .— 2 4 ... 25. . . 2 6 -.. 27— 28. . . 29— 30— 31 — Par Par Par Czecho slovakia Kronen Bucharest Leu e Polish Zloty Hungary Serbia d Russian Chervonetz d Bulgaria Finnish Markka Checks 2 :96 % 2.96M Checks .46% .46% Checks 19.20 19.25 Checks .0014% .0014 Checks 5.16 5.16 Checks .74 .74 Checks 2.53 2.53 Checks 38.56 38.60 Cables 38.61 38.65 Checks 10.70 10.71 2 .9 6 ^ 2.96H 2.96% 2.96% 2.96% 2.96% .46% .46 .46 .47% .48% .49 19.21 19.21 19.21 19.21 19.21 19.25 .0014 .0014% .0014 .0014% .0014% .0014% 19.22 19.22 19.21 19.20 19.21 19.21 .0014 .0014% .0014% .0014% .0014% .0014% Checks 1.62 1.62 SUNDAV 1.61% 1.61% 1.61% 1.62 1.62 1.61% SU N D A Y 1.62% 1.62 1.62% 1.62% 1.62% 1.62% SU N D A Y 1.62% 1.62% 1.62% 1.63 1.63% 1.63% SU N D A Y 1.65% 1.67% 1.68% 1.66% 1.65% H O L ID A Y SU N D A Y 2.96% 2.96% 2.96% 2.96% 2.96% 2.96% .48% ,48% a.49% .48% .48% .48 .47% Par 2.96% 2.96% 2.96% 2.96% 2.96% 2.96% .47% .47% .47% .47% .47% .47% 19.20 19.20 19.20 19.20 19.20 19.20 .0014% .0014% .0014% .0014% .0014% .0014% Par Par Par Par Par 2.96% 2.96% 2.96% 2.96% 2.96% .46% .46% .47% .47% .47% 19.21 19.20 19.21 19.20 19.21 .0014% .0014% .0014% .0014% .0014% Par Par Par Par *3% dlsct. 2 Bolivia Boliviano Checks 33 1-3 33 1-3 Colom Ecuador Uruguay bia Peso Dollars Sucre 1 /Portu- Checks ___ 5.10 5.10 SUN day ___ 5.10 ___ 5.10 ___ 5.10 ___ 5.10 ___ 5.10 5.10 SUN day 5.10 5.10 5.10 5.10 5.10 5.10 SUN day 5.15 5.15 5.15 5.15 5.15 5.15 SUN D A Y 5.15 5.16 5.15 5.15 5.17 Checks 19% 19% Checks 11.35 11.35 Checks 4.16 4.16 33 33 33 33 33 33 1-3 1-3 1-3 1-3 1-3 1-3 97.30 97.30 97.30 97.30 97.30 97.30 21.83 21.83 21.83 21.83 21.83 21.83 94.43 95.15 95.50 95.23 95.33 95.60 19% 19% 19% 19% 19% 19% 11.39 11.39 11.50 11.42 11.42 11.42 4.16 4.16 4.07 4.14 4.14 4.14 33 33 33 33 33 33 1-3 1-3 1-3 1-3 1-3 1-3 97.30 97.30 97.30 97.30 97.30 97.30 21.83 21.83 21.83 21.83 21.83 21.83 95.69 95.88 96.15 96.43 96.25 96.15 19% 19% 19% 19% 19% 19% 11.42 11.47 11.59 11.65 11.65 11.65 4.14 4.13 4.14 4.14 4.14 4.14 33 33 33 33 33 33 1-3 1-3 1-3 1-3 1-3 1-3 97.30 97.30 97.30 97.30 97.30 97.30 21.83 21.83 21.83 21.83 21.83 21.83 96.25 96.25 96.62 97.32 97.28 97.56 19% 19% 19% 19% 19% 19% 11.53 11.42 11.42 11.49 11.49 11.49 4.14 4.14 4.14 4.12 4.12 4.12 33 33 33 33 33 1-3 1-3 1-3 1-3 1-3 97.30 97.30 97.30 97.30 97.30 21.83 21.83 21.83 21.83 21.83 97.56 97.56 97.56 97.56 97.94 19% 19% 19% 19% 19% 11.46 11.43 11.37 11.32 11.33 4.12 4.12 4.12 4.12 4.12 Turkey " " " _ _ _ H LI day" O 2.53 2.53 2.53 2.53 2.53 2.53 38.56 38.66 38.70 39.24 39.28 39.39 38.61 38.71 38.75 39.29 39.33 39.44 10.60 10.66 10.60 10.36 10.24 10.26 10.65 j 10.71 10.65 j 10.41 j 10.29 j 10.31j .74 .74 .74 .74 .74 .74 2.52% 2.53 2.53 2.53 2.53 2.53 39.43 39.29 39.46 39.53 39.60 39.71 39.48 39.34 39.51 39.58 39.65 39.76 10.17 10.05 10.05 10.05 10.05 10.05 10.22 ] 10.10) | 10.10 10.10 i .74 .74 .74 .74 .74 .74 2.53 2.53 2.53 2.53 2.53 2.53 39.75 39.96 40.40 40.40 40.40 40.40 39.80 40.01 40.45 40.45 40.45 40.45 10.12 10.18 10.28 10.28 10.57 10.33 10.17 10.23 10.31 10.31 10.62 10.38 5.16 5.16 5.16 5.16 5.16 gal Escudo .74 .74 .70 .72 .74 .74 5.16 5.16 5.16 5.16 5.16 5.16 zPeru Libra Checks 94.43 94.43 Cables 10.75 10.76 5.16 5.16 5.16 5.16 5.16 5.16 ♦Chile Peso Checks 21.83 21.83 Brazil Milreis 5.16 5.16 5.16 5.16 5.16 5.16 Vene zuela Bolivar Checks 97.30 97.30 Argentina Peso .74 .74 .73 .73 .74 2.53 2.53 2.53 2.53 2.53 40.33 40.55 40.67 40.74 40.74 40.38 40.60 40.72 40.79 40.79 10.45 10.52 10.50 10.65 10.71 10.50 10.57 10.55 10.70 10.76 Hong Kong Dollar Shang hai Tael Y o k o hama Yen Manila Peso Singa pore Dollars Checks Checks Checks . Checks Checks 54% a55% 73% a74% 42 % o42 % 49% a49% 56%a57 55%a55% 73% o74% 42% 042% 49% 049% 56% 057 Bombay Rupees 10.10j 10.10 Java Guilders Checks Checks 36% 036% 40 % a41 36% 036% 40%o41 55% a55% 55%a55% 55 % a55 % 55%a55% 55% a55% 55% a55% 73% 074% 73% 074% 73% o74% 73% 074% 74 o75 74 o75 42% o42% 42% 042% 42% 042% 42% o42% 42 % a42 % 42 % a42 % 49 % a49 % 49%a49% 49% a49% 49%a50 49 % a50 49%a50 56% 057 57 057% 57 057% 57 057% 57 057% 57 057% 36% 36% 36% 36% 36% 36% 55 55 55 55 55 55 74 075 74 o75 73% o74% 73% a74% 73% a74% 73% 074% 42 42 42 42 42 42 042% 042% 042% 042% 042 % a42% 49%o50 49 % a50 49%a50 49%o50 49 % 050 49% 049% 57 a57% 57 o57% 57 o57% 57 057% 57 057% 56% 057 36% 036% 36.55o36.75 36.55036.75 36.55036.75 36.55036.75 36.55036.75 40 % a41 40 % a41 40% a40% 40% a40% 40 % a41 40% 041 55 a55% 55 a55% 54%a55% 54%a55% 54.95 a55.15 54.95 a55.15 73% 074% 73% 074% 73% o74% 73%o74% 73%a74% 73% 074% 42 42 42 42 42 42 042% 042% a42% o42% a42% a42% 49%o50 49%a50 49%o50 49%o50 49%o50 49%a50 57 57 57 57 57 57 a57% 057% 057% 057% 057% a57% 36,55a36.75 36.55036.75 36.55036.75 36.55036.75 36.55a36.75 36.55a36.75 40%a41 40 % o41 40%a41 40%a41 40% 041 40%a41 54.95 a55.15 55.15 a55.30 55.15 a.55.30 55.15 a55.30 55%a55% 74 075 74 075 74% 075% 74% a75% 75% a75% 42 42 42 42 42 042% 042 % 042 % o42 % 042 % 49%o50 49%a50 49%a50 49%o50 49 % a50 57 57 57 57 57 a57% 057% 057% 057% 057% 36.55a36.75 36.75037 36.75o37 36% o36% 36% 036% 40%a41 40 % a41 40%a41 40 % a41 40%a41 a55% a55% a55% a55% a55% a55% 036% a36% 036% o36% 036% o36% 40%a41 40 % o41 40%a41 40 % a41 40 % a41 40%a41 SUN D A Y * Cents of U. S. money per Chilean peso, z American money per Peruvian pound, y Value of one escudo in U . S. currency, d Nominal, e Effective May 12 1924 commenced the quotation of Polish exchange in zloty Instead of marks, which had formerly been the medium of exchange. The zloty is equivalent to 1,800,000 marks. 13 N ew York Stock Exchange M O N TH LY AN D 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 1925 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 “ I n t e r e s t P e r i o d ” 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 6s and the Anton Jurgens Works 6s, for special reasons, are also quoted “flat,” but where this is the case the notation “ f l a t ” will be found against the name of the issue. This method of quoting bonds became effective January 2 1909. For footnotes to tables see last page of bonds and last page of stocks. BONDS— PRICES AND SALES FOR MAY AND RANGE FOR THE YEAR TO DATE. — ~---- BONDS |! N. Y. STOCK EXCHANGE. T S G overnm ent Securities J First Liberty Loan— .1932-1947 First 3 % s______ Registered___________________ First 4s........................... 1932-1947 Registered___________________ First 4 % s. ..................... 1932-1947 Registered___________________ First Second 4 34s_____ 1932-1947 Registered___________________ Second Liberty Loan— Second 4s_____________ 1927-1942 M N MN Registered_______________ Second 4 % s---------------- 1927-1942 M N MN Registered______________ Third Liberty Loan— Third 4 Ms-------------------------- 1928 M S Registered______________ M Fourth Liberty Loan— 1933-1938 Fourth 4 % s-------Registered___________________ Treasury 4 M s __________ 1947-1952 Registered_____________________ Treasury 4s_____________1944-1954 Registered________________ 2s cons reg__________________ April1930 Panama Canal 3s_____________ 1961 Q M Registered_________________ 1961 Q M State an d C ity Securities New York City— 4Ms________ 1960 M S M S Registered_________________ 4Ms Corporate stock_______ 1964 4Ms Corporate stock_______ 1966 4Ms------------------------------------ 1972 4% s Corporate stock_______ 1971 4% s Corporate stock_______ 1967 4% s Corporate stock_______ 1965 4% s Corporate stock_______ 1963 4% Corporate stock________ 1959 M N Registered_________ _________ M N 4% Corporate stock________ 1958 M N 4% Corporate stock________ 1957 M N 4 s -------------------------------------- 1956 M N M N Registered______________ 4 s _________________________ 1955 M N Registered___________________ M N 4 Ms Corporate stock_______ 1957 M N 4M % Corporate stock______ 1957 M N Registered___________________ M N 3M % Corporate stock______ 1954 M N MN 3 Ms----------------------------------- Nov.1954 N Y State Canal 4s____________1942 4s----------------------------------------1961 4Ms Canal-------------------------- 1964 J J 4Ms Highway Im pt________ 1963 M S 4s Highway registered______1958 Virginia funded debt 2-3s_____ 1991 J " J F oreign G overnm ent Securities Argentine (Govt) 5-year 7s____1927 F A Argentine (Rep) 5s o f 1909____ 1945 M S Sinking fund gold 6s ser A _ 1957 M S _ External 6s ser B temp______ 1958 J D Austrian Govt s f 7s___________1943 J D Belgium 25-year ext s f 7Ms g__1945 J D A 20-year sinldng fund 8s_____ 1941 25-year ext 6 Ms int c tf______ 1949 M S _ External s f 6s inter rets_ •..1955 J J Bergen (Norway) s f 8s_______ 1945 M N 25-year s f 6s_______________ 1949 A O Berne (City of) s f 8s_________ 1945 M N Bogota (City) ext g 8s________ 1945 A O Bolivia (Republic of) s f 8s____1947 M N Bordeaux (City of) 15-year 6s..1934 M N Brazil (U S of) external 8s_____1941 J D Cent Ry 30-year g 7s_______ 1952 Sink fd 7 Ms (coffee sec).1952 flat Buenos Aires extl 6M s________ 1955 Canada, Dominion of, 5s______1926 do do 5 s ___■___ 1931 . _ 10-year gold 5M s---------------- 1929 30-year gold 5s------------------- 1952 M N Carlsbad (City) 8s____________1954 J J Chile Republic exter s f 8s_____1941 F A External 5-year s f 8s_______ 1926 A O 20-year external s f 7s______ 1942 M N 25-year extl s f 8s gold______ 1946 M N Chinese, Hukuang R y 5s______ 1951 J D Christiania (City) Oslo 8s_____1945 A O 30-year s f 6 s _______________ 1954 M S Colombia (Rep) extl 6 Ms_____1027 A O Copenhagen 25-year s f 5% s___ 1944 J J Cuba Rep o f 5s o f 1904----------- 1944 M S 5s ext debt Ser A o f 1914____ 1949 F A 4 Ms external loan__________ 1949 F A 30-year s f 5 Ms_____________ 1953 J J Czechoslovak (Rep of) 8s_____1951 A Sink fd Ss ser B int ctf______ 1952 A Danish Cons Munic s f 8s A _ 1946 F _ Series B sink fd 8s_________ 1946 F Denmark external sink fd 8s_ 1945 A _ 20-year external gold 6s_____1942 J Dominican Republic sink fd 5s_1958 F Custom administr 5M s_____1942 M Dutch East Ind 25-year ext 6s. 1947 J J 40-year extl sink fd gold 6s. .1962 M S 30-year extl g 5 Ms____Mar 1953 M S 30-year extl gold 5% s_-N ov 1953 M N French Repub 25-year ext 8s. .1945 M S 20-year external loan 7 Ms— 1941 J D External 7s o f 1924 temp------1949 J D Finnish mun loan 6 Ms A ------- 1954 A O Extl 6Ms Ser B ____________ 1954 A O Finland (Rep of) exter 6s------- 1945 M S External sinking fund 7s----- 1950 M S German ext'l loan 7s int re ts.. 1949 A O Sales in May Par Value. Price Jan. 2 1925. Bid. RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. Ask. Bid. May 29. Ask. Bid. Ask. Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. 1,857,000 100soJ2Sale 10 0 2 Sale 101 *32 Sale 100 1732May 1 101*32 M ay 15 100**32May 43,000 100,1«!Sale 1002732May 7 101*32 M ay 15 100 2432Jan. 1,000 101**82------- 1012* 32102 * 10223!102*23 102*32 M ay 14 102*32 M ay 14 101**32Mar. 2 101*32 Mar. 101 ------849,000 101*«s2Sale 102232 Sale" 1021032Sale 100 3132May 1 1021432May 20 101*»32Mar. ~ 2 3.000 1012432May 11 10243 M ay 27 101*32 Jan. Jan. 1.000 1011*82 101**82 101*»32 2 101i*32May 14 1011732May 14 101 102 »32 1 2 18 5 10 14 14 1012 *82Feb. 1012 *32Feb. 102*82 M ay 101*32 Mar. 102*432May 102 43 M ay 2 1012*32Feb. 25 20 14 5 20 27 2 2 17 5 5 1012 2 ay «3 M 1002 *32Jan. 101*»32May 101»32 Apr. 11 31 27 16 43,000 100**s2Sale 101*32 Sale 1011032Sale 3.960.000 100 2432Sale 146,000 100 2232 Sale 1011032Sale 101*32 Sale 101*32 Sale 101*32 M ay 23 1012*32May 11 1002*82Jan. 100*4 32Mar. 101*32 M ay 7 1011932May 27 1002»32Jan. 10153 M ay 7 101*32 M ay 22 100 *«32 Jan. 2 4.094.000 101*82 Sale 20,000 101132 Sale *32Sale 7.940.000 1012 4 40.000 100 2 32 Sale 1.767.000 1042832Sale 5,000 2 2.699.000 100 2 32Sale 10.000 102*32 Sale 10 13032Sale 1013132 Sale 101233 M ay 2 101233 M ay 2 102*32 M ay 29 101*32 Jan. 101*°32May 1 100 2*32Jan. 102u3 2Sale 102*32 Sale 105 233 2Sale 102**32Sale 101**32 Sale 102*2 ~32Sale 102*32 M ay 102*32 M ay 105I5s2May 105 2*3 M ay 2 1011032May 1011332May 102 2232May 102**32 ay M 106**32May 105 2*32May 102**32May 1012*32May lOBiGsSale I I I I I "97" 22,000 lb",666 100M 101 5.000 5.000 21,000 21,000 16,000 101% ------101M ------106 106 105% Sale 105 12,000 101M 101M 101M 105 % 105M 105M 105M 98 98M 105 % 15,000 "97M 98M 2,000 2,000 2,000 58,000 105 105 105% 105 % 89 89 % 1 , 000 ’ 3,000 64 M 380.000 124.000 1.896.000 1.848.000 896.000 493.000 153.000 727.000 1.766.000 51.000 193.000 153.000 102 Sale Sale Sale Sale Sale Sale Sale Sale Sale 111M 101*432Jan. 101**82Jan. 1041 3s2Mar. 101**32Mar. 100*432Mar. 1002 *8iApr. 101 101 101% 101M M ay 4 101% M ay 5 100% 102 V s ___ 103% 103% 103 % M ay 27 103% M ay 28 100% 101% 102 % ___ 103 M ay 1 103 M M ay 4 101% 103 Sale 10.3 M 1 0 6 % _____ 108 M 108 M M ay 20 108M M ay 20 102 1 0 6 % _____ 107 V s 107 % M ay 15 107% M ay 15 106% s 106% 107M 107 V 108M 107M M ay 7 107% M ay 19 105% 107 Sale 107 % 108M 107 M ay 1 107% M ay 14 106% 99% 100M 99% M ay 14 99 % M ay 14 105% 99 M 100 98 99 % Sale 99 % M ay 1 99% M ay 28 93% 9 9 m ___ : 98% 106 M 107 M 107 M 107% 98 9 9 % _____ 98% 98% 99% 99 M 98% 106 % Sale 107 M Sale 106% M ay 1 107 % M ay 29 97% 106 M 107M 107M 107 % 107% M ay 26,107% M ay 23 106% 105% 90% M ay 61 90% M ay 12 105 90 M 90% 90 % 91 M ay 18! 91 M ay 18 89% 90 M ------- 90% 91 90 101% 102% 114% M ay 6 114% M ay 6 112% 113 M ay 12 113 M ay 12 111% 103 64 M 64 M 76% 102 M Sale 82 M Sale Sale Sale 94 M Sale 108 M Sale 106M Sale 92 V Sale s 84% Sale 112M 97 M Sale 108M Sale 1022232May 102**32May 106**32 ay M 1052 2 ay *3 M 102**32 ay M 1003032Apr. 20 21 25 13 13 18 97 102 % Sale 102% 82% 96% 96 94% 108 106% 92% 84% 113 97% 108% 111 Sale 95 6,000 92% Sale 92% 773.000 92 M Sale 82% 437.000 84 82 M Sale Sale 95% 41.000 96 M Sale 95 M Sale 80 % Sale 80% 432.000 82 % Sale 105% 36.000 104 M Sale 105 M Sale 96 95% Sale 323.000 96 Sale 180.000 100% Sale 100% Sale 100 % 100% 123.000 101M Sale 102M Sale Sale 102 Sale 303.000 102 Sale 103 Sale 102% 401.000 102 Sale 103 M Sale Sale 103% 97 97 Sale 53.000 98 M Sale 99 395.000 106M Sale 107 % Sale Sale 107% 39.000 103 Sale 102 % 103 102M Sale 102% 279.000 99 Sale 101 Sale 101 % Sale 101 118.000 107 Sale 107 M Sale 108 M Sale 107% 44% 204.000 42 M 43 44 M Sale 47 M Sale 116.000 110 110M Sale 110M Sale 110% 111 99% 210,000 99 M Sale 99 M Sale 99% 100 88.000 99 M Sale Sale 100M 100 97% 549.000 94 M Sale 97 M Sale 99 M Sale 97% 97 % 98 28,000 96M Sale 97 % 99 96 96 97 97 41.000 97 98 M 86 84 % 86 27.000 86 M Sale 88 98% 823.000 96 M Sale 99 M Sale 100% Sale 99 149.000 98 M Sale Sale 99 M Sale 100 98% Sale 99 258.000 98 M Sale 99. M Sale 108.000 109 M 110 110% Sale 109% Sale 109% 109 no 98.000 109 M n o 109 M Sale 109% 392.000 109 Sale 110% Sale 110% Sale 110 Sale 104 Sale 100% 617.000 99% Sale 101 103 102M 102 % 102% 158.000 101 102 M 102 93% Sale 347.000 92 Sale 92 M 93 M 95 1.036.000 98 M Sale 101M Sale 103 M Sale 101% 1.150.000 99 Sale 101M Sale 103 Sale 101% 98% Sale 347.000 92 % 93 98 M Sale 101 98% Sale 822.000 93 Sale 98 M Sale 101 Sale 102 Sale 100% 1.308.000 103 M Sale 101 96% 96 % Sale 1.861.000 98 M Sale 97% Sale 88 1.631.000 91M Sale 89% Sale 88 M Sale 86% 165.000 91 Sale 86 M 87% 90 M Sale 85% 91.000 91 86 M 87 M 90 M Sale Sale 86 Sale Sale 98.000 85 M Sale 86 88 94 Sale 356.000 94 95 M Sale 93 V Sale s 93% 5.983.000 93 % Sale 95 M Sale 81% 95 M 95 M 96 % 109 107 % 92% 87 M 111 20 21 25 13 13 7 102 *3 M ay 29 2 1013 S »3 Apr. 30 87 M 96 96 98 M 109M 107 % 94 86 % H3M 98% 109 95 95 V s 84% 98 M 83 106 M 98 100 % 102M 103 M 104 M 98 M 108 M Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Jan. Jan. Jan. Jan. Feb. Feb. Jan. Feb. Jan. Jan. Jan. Jan. Jan. Jan. Feb. Mar. Jan. Feb. Jan. Jan. Jan. Feb. Mar. Apr. Mar. Mar. Feb. Feb. 101% 100% 103% 102 % 103% 108% 107% 107% 107% 99% 98% 99% 100 98% 98% 98% 98 107% 107% 105 90% 91 101% 103% 114% 113 103 76% M ay 5 Jan. 17 M ay 28 Apr. 1 M ay 4 M ay 20 May 15 M ay 19 M ay 14 Mar. 20 Jan. 19 M ay 28 Apr. 22 Mar. 2 Feb. 6 Mar. 2 Jan. 30 M ay 29 M ay 23 Jan. 17 M ay 12 M ay 18 Mar. 23 M ar. 5 M ay 6 M ay 12 Feb. 25 Feb. 11 M ay 22 102 % M ay 27 101% Jan. 103% Feb. 4 May 88 % M ay 27 81% Apr. 88% M ay 27 M ay 9 7 % M ay 25 95 Jan. 97% M ay 25 M ay 25 94% Jan. May 97 97 M ay 25 99 M ay 18 93% Apr. May 99 M ay 18 May 109% M ay 14 107 Feb. 110% Jan. 21 May 107% M ay 13 106% Apr. 109% Feb. 5 M ay M ay 21 92 Mar. 95 95 M ay 21 M ay 87% M ay 15 88 Jan. 14 M ay 113% M ay 14 83% Mar. 113% Mar. 25 M ay 11 98% M ay 29 108% Mar. 95% Jan. 98% M ay 29 M ay 1109% M ay 9 108 Mar. 111% Jan. 13 M ay 95 M ay 28 95 M ay 95 M ay 28 M ay M ay 26 92% Jan. 97 97 M ay 26 M ay 86 M ay 19 80 Apr. 86 M ay 19 M ay 99 M ay 28 95 Apr. M ay 28 99 M ay M ay 14 80% Apr. 83 84% Jan. 23 M ay 106% M ay 19 103% Apr. 107% Mar. 2 M ay 98% M ay 27 95% Jan. 98% M ay 27 M ay 100 % M ay 7 100% Mar. 102 % Feb. 20 M ay 103 M ay 7 101% Jan. M ar. 31 103 M ay 103% M ay 27 102 Jan. 103% Feb. 11 M ay 105 M ay 20 101% Jan. M ay 20 105 M ay 99 M ay 21 96 Jan. M ay 21 99 M ay 109% M ay 6 106% Jan. 109% M ay 6 M ay 103% M ay 12 102 Feb. 103% Jan. 6 M ay 103 M ay 8 98% Jan. M ay 8 103 M ay 109% M ay 15 106% Mar. 109% M ay 15 M ay 48% M ay 15 41% Jan. 48% M ay 15 M ay 110% M ay 16 109% Jan. 111 % Jan. 23 M ay 100 % M ay 20 95% Jan. 100 % M ay 20 M ay 100% M ay 28 99% Jan. 100 % Feb. 16 M ay M ay 14 94% Jan. 100 100 M ay 14 May M ay 19 95% Jan. 99 99 M ay 19 M ay 98% M ay 20 93% Feb. 98% M ay 20 M ay 88 M ay 16 84 Jan. 88 M ay 16 M ay 100% M ay 29 96% Jan. 100 % M ay 29 May 100 % M ay l6 98% Jan. 101% Feb. 9 M ay 100 % M ay 18 97% Jan. 100% Feb. 10 M ay UOM M ay 9 109 Mar. 110% M ay 9 M ay 1 109 Mar. M ay 111 M ay 1 M ay 111 M ay 1 109 Jan. 111 Jan. 9 M ay 104 M ay 29 99% Jan. 104 M ay 29 M ay 103% M ay 14 101 Feb. 103% M ay 14 M ay 95% M ay 28 92 Jan. 95% M ay 28 M ay 103% M ay 29 98% Jan. 103% M ay 29 M ay 103% M ay 29 98% Jan. 103% M ay 29 M ay 101% M ay 29 93% Jan. 101 % M ay 29 M ay 101% M ay 29 92% Jan. 101 % M ay 27 M ay 103% M ay 18 98%*Apr. 104% Jan. 7 M ay 100 M ay 18 93 Apr. 101 % Jan. 14 M ay 92% M ay 18 86 Apr. 92% Jan. 2 M ay 90% M ay 29 86% Apr. 91 Jan. 2 May 90% M ay 29 85% M ay 91 Jan. 2 M ay M ay 19 83% Apr. 88 M ay 19 88 M ay M ay 29 94 Mar. 25l 95 M ay 29 M ay 95% M ay 29 91 % Apr. 27 95 M ay 29 14 [V ol. 120. BONDS-STOCK EXCHANGE RECOED BONDS N. T . ST O C K EXCHANGE. F oreign G ov’t S ecurities— (Concl. Grt Brit & Ireland. Un King o f— 20-year gold bond 5 % s_____ 1937 Registered___________________ 10-year conv 534s___________1929 Registered___________________ Greater Prague 7% s o f 1922___1952 M N Greek Govt 7s interim rets____1964 M N Haiti (Rep of) Oust s f 6s_____1952 A O Hungary (King of) s f 7 % s— 1944 F A Indus Bk o f Japan 6% n o te s.. 1927 F A Japanese Govt sterling in 4 s ..1931 J J 1954 F A Ext s f 6 % s _ ........... Oriental Development 6s____ 1953 M S Lyons (City of) 15-year 6s------ 1934 M N Marseilles (City) 15-yr 6s_____1934 M N Mexican Irrig 4% s____________ 1943 Assenting s f 4 % s___________1943 Mexico (U S) e x tl5 so f 1899JE..1945 Q J Assenting 5s o f 1899________ 1945 Assenting 5s large. Assenting 5s small Gold debt 4s o f 1904------------- 1954 J D Assenting 4s o f 1904______ Assenting 4s o f 1904 large. Assenting 4s o f 1904 small Assenting 4s o f 1910______ J J Assenting 4s o f l 9 l 0 large. Assenting 4s o f 1910 small Treas 6s o f 1913 assent (large) ’33 J J Small_________________________ Montevideo s f g 7s__________ 1952 J D Netherlands s f 6s Flat________ 1972 M S 30-yr ext s f 6s_____________ 1954 Norway ext s f 8s_____________ 1940 20 yr extl s f 6s_____________ 1943 20-yr extl s f 6 s ____________ 1944 _ 30-yr extl s f 6s_____________ 1952 Panama (Rep) 30-yr s f 5% s_.l953 Peru (Rep) ext) 8s____________1944 Poland (Rep of) g 6s_________ 1940 External s f 8s interim ctfs__1950 Porto Alegre (City of) 8s----------1962 Queensland State ext s f 7s------1941 25-year extl 6s______________ 1947 Rio Grande Do Sul extl 8s____1946 Rio de Janeiro 25-yr s f 8s_____1946 25-year extl s f 8s__________ 1947 Rotterdam (City) ext 6s______ 1964 M N El Salvador (Rep) 8s_________ 1948 J J San Paulo (City) s f 8s_______ 1952 M N San Paulo (State) ext s f 8s_ 1936 J J _ External s f 8s temp c tfs ___ 1950 J J Seine Dept (France) 20-yr 7 s..1942 J J Serbs, Croats & Slovenes 8s_ 1962 M N _ Soissons (City) 15-yr g 6s_____ 1936 M N Sweden (Kingd) 20-yr 6s______1939 J D Extl g S H s _______ 1954 M N Swiss Confederation s f 8s_____ 1940 J J Switzerland (Govt) ext 5% s___1946 A O Tokyo City loan o f 1912 5s------------ M S Trondhjem (City) ext 6 % s____ 1944 J J Uruguay (Rep) external 8s____ 1946 Zurich (City of) s f 8s________ 1945 R ailroad B onds Ala Gt Sou 1st cons 5s A ______ 1943 J D Ala Midland 1st gu g 5s_______ 1928 M N Alb & Susq conv 3 % s________ 1946 A O Allegh & West 1st g gu 4s_____1998 A O Alleg Valley gen gu g 4s_______ 1942 M S Ann Arbor 1st g 4s____________ July1995J Q Atch Top & S F gen g 4s______1995 A O Registered__________________1995 A O N ov Adjustment g 4s____________ July1995 MN Stamped_________________ July1995 Registered_______ _____ ____ M N Conv g 4s o f 1909___________1955 J D Conv g 4s o f 1905___________1955 J D Conv g 4s o f 1910___________1960 J D East Okla div 1st g 4s_____ 1928 M S Rocky M t div 1st 4sA _____1965 Short Line 1st 4s gold______ 1958 Cal-Ariz 1st & ref 4 Ms_____ 1962 Registered___________________ Atl Knox & Cin div g 4s______ 1955 M N Atl Knox & No 1st g 5s______ 1946 J D Atl & Char A L 1st 4% s A ------1944 J J 1st 30-year 5s ser B ------------ 1944 J J Atlantic City 1st cons g 4s____1951 J J Atl Coast L 1st cons 4s____July 1952 M S 10-year secured 7s_________ 1930 M N General unified 4 % s________ 1964 J D L A N collat gold 4s_____ Oct 1952 M N Atl & Danville 1st g 4s________ 1948 J J J Second 4s___________________1948 O Atl & Yadkin 1st gu g 4s----------1949 Austin & N W 1st g 5s__________ 1941J J Balt & Ohio p i g 3 % s--------------- 1925J J Registered__________________ . . Q J A O 1st g 4s_____________________ July 1948 Registered---------------..------------- Q J Convert 4 Ms----------------------- 1933 M S Refund & gen 5s ser A ----------1995 J D 1st gold 5s int ctfs---------------1948 A O 10-year 6s__________________ 1929 J J R ef and gen 6s, series C ------1995 J D Pitts Jet & M D 1st g 3M S..1925 M N P L E & W Va Sys ref g 4 s .. 1941 M N 8 W Div 1st g 3 Ms________ 1925 J J Southw Div 1st 5s---------------- 1950 Tol Cin Div %t & ref 4s------1959 Battle Creek & Sturgis gu 3 s . .1989 Beech Creek 1st gu 4s-------------1936 Beech Creek ext 1st g 3 Ms----- 1951 Big Sandy Ry 1st 4 s .............. -.1944 Boston & N Y Air l ine 1st 4s. .1955 Brunsw & Western 1st gu g 4 s . . '38 Buff Roch & Pitts gen 5s______1937 M S Consol 4 Ms-------------------------195” M N Registered__________________ M N Burl Ced Rap & Nor 1st 5s____1934 A O Canada Sou con gu 5s-------------1962 A Canadian No deb s f 7s_______ 1940 J 25-year deb s f 6 Ms g --------- 1946 J Canadian Pac 4% deb stock_______ J Carb & Shaw 1st g 4s-------------- 1932 M Caro Cent 1st cons g 4s............1949 J Caro Clinch & Ohio 1st 5s____1938 J 1st & con g 6s series A ______ 1952 J Cart & Ad 1st gu g 4s............... 1981 J Cent Br Un Pac 1st g 4s----------1948 J Cent N E 1st guar 4s---------------1961 J O O Reorg 1st con g 4M »-------- 1930 M S Cent o f Ga R y 1st g 5s------N ov 1945 F A Consol gold 5s--------------------- 1945 M N Registered_______________ 1945 M N 10-yr 6% secured bonds------ 1929 J D Rer & gen 5 Ms series B temp. 1959 A O Chat Div pur money g 4s— 1951 J D M ac & Nor Div 1st g 5s------1946 J J M obile Div 1st g 5 s ._ ...........1946 J J Oen B B & Bkg of Ga col g 5s. .1937 M N Sales in May Par Value. $ Price Jan. 2 1925. Bid. PRICES IN M A Y . May 29. Ask. Bid. May 30. Ask. Bid. Ask. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. Sale 107% Sale 107 % Sale 107% M ay ,312,000 116M Sale 5,000 425.000 90 Sale 338.000 88 M Sale 276.000 92 Sale 945.000 89% Sale 736.000 98% 99 ,029,000 82% Sale ,822,000 90 M Sale 126.000 84 M Sale 394.000 85 Sale 265.000 84 Sale 75,000 18 20 117% Sale 117% Sale 117% 117% 89% 83% 93% 87 99% 82% 91 % 84% 82% 82% 20 M ay M ay M ay M ay M ay May M ay M ay M ay M ay M ay M ay M ay 38 36% 37% 37% 21 % 21% M ay M ay M ay M ay M ay M ay 22 24% 24 Sale 25% Sale 23 40% 41 Sale 38% Sale 91% Sale 105 Sale 103% Sale 110 % Sale 99% Sale Sale Sale 101% Sale 99% 66% Sale Sale 87 94% 95 112% 110 % Sale i 103% Sale 95 Sale 94 92% Sale Sale 101% 103% Sale 98% Sale 100 Sale 99% Sale 85 Sale 86 82% 86 Sale 103% Sale 99% 113% 115 Sale 101% 67% 68 Sale 99 Sale 108% 110 109% May M ay M ay M ay May May May M ay M ay May May M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay May M ay M ay M ay M ay M ay M ay May May May May May May M ay M ay 187,000 105 2,000 286,000 2,000 9,000 84,000 178,000 62,000, 211,000 302,000! 151.000 100.000 139.000 216.000 251.000 613.000 413.000 442.000 731,000; 963.000 283,000; 2 0 1 ,0 0 0 , 276.000 ,406,000 992.000 112.000 138.000 50.000 135.000, 176.000, 181.000 49.000 80.000 124.000 120.000 494.000, 848,000; 82,000 189.000 ,156,000 103.000 431.000 65.000 65.000 90.000 31.000 39 33M Sale' 89% 83% 93% 87 99% 82% 91% 84% 82% 82% 21% 39% 39% 39% Sale 37% 22 22 8 22 22 23% 26 29% 26% 42% 41% 89 Sale 91% 104 Sale 105 100M Sale 103% 112% Sale 111 99% 98 M Sale 98 Sale 99% 99% 97 M Sale 100% Sale 101 99% Sale 100 66% 73 Sale 95 94 94% 109 % Sale 110% 101 M Sale 103% 95 94 M 95 94% 94 M Sale 92% Sale 93 100 % 100M 102% 103% Sale 99% Sale 98% 101 Sale 100% 98% 85% 90 Sale 86% 86 M Sale 82% 85 Sale 104M Sale 103% 99% 98 % Sale 116M Sale 114 100M Sale 101% 66 66 M Sale 97 % Sale 106M Sale 109% 110% Sale 109% 23 20 13.000 100% 102 5.000 101 _____ 12.000 82 M 82 M 4.000 83 M 85 1.000 91 92 312.000 64 64% 651.000 88 M Sale 4,000 19,000 82 82% 201.000 82% Sale 79% 9.000 81M 82% 7.000 81% Sale 1.000 80% 113,000 97% 99 20,000 83 M 84% 25.000 86 87% 92% 30.000 92 88% 61,000 88% 89 M 2,000 101 % 31.000 96 M 96 M 24.000 1 0 2 % 102% 2,000 82% 121,000 89% 89 M 47.000 107% Sale 75.000 91 91% 139,000 86 86% 94.000 76 M 77 34.000 62 M 63 77% 27.000 74 98 M 99 34,000 99% Sale 99% 100 420.000 86 M Sale 3.000 84% 85% ,480,000 89 M Sale 965.000 85% Sale 863.000 100M Sale 540.000 103% Sale ,168,000 101% Sale 1.000 99% 100 251.000 83% Sale 82,000 99% Sale 689.000 590.000 68% 69% 2,000 58% . . . 92% 93% 76% 80 6,000 85 86 32.000 65% 67% 2,000 91% 93 __ 3.000 102 ,154,000 88% Sale 1.000 7.000 99% 100% 47.000 100% 100% 145.000 115% Sale 148.000 116% Sale 638.000 79% Sale 94 5.000 92 1.000 82 84 23.000 100% 101M 177.000 106% Sale 82% 85% 16,000 74% 75% 84,000 64 64% 2,000 96% 99% 101% -------91.000 99% 100 15.000 96% 99 79.000 103 jSale Sale 126,000 99 83 ......... 9 8 % ------100 _____ 31.000 95 96 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 26% Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 102 Sale 67% Sale 94% Sale Sale Sale Sale Sale Sale 22 23 22% Sale 23 26% 23 39% 38% 94 106% 104 111 101% 101 101 103% 100% 69% 90 94% 112 105 96 96 94% 103% 99% 101% 99% 89% 88% 85% 104 101% 114 103% 67% 99% 100% Sale 110 109% 83% 83 82% 83% 93% 93 Sale 67 91% Sale 90% 84 84% Sale 82 83% 84% 83% 84% 83% 99% 87 88% 89 94 94% 88% 91% 92 102 % 95% 96% 102 % 103 83% 94% Sale 106% 107 93% 88% Sale Sale 79 68% 68 76% 77% 98% 100 99% Sale Sale 90 88 Sale 93 88% Sale 102 % Sale 103% Sale 102% Sale 91% 88% Sale Sale 100 75 62% 71 94% 101% Sale Sale 101 102% 117 Sale Sale Sale 87% 78% 66 99% Sale Sale Sale 97% Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 37% 38% 37% Sale Sale Sale 99% Sale Sale Sale Sale Sale 115 Sale 101 100 % 101 74% 60% 93% 77% 86 69% 93% 100 % 86% 82% 100% 102% 116% 117% 80 93% 79 100% 107% 85% 76 65 98% 101% 101% 97% 103% 101% 83% 99% 97% 96% 92% 86% 95% 89% 100 83% 93% 86% 84% 85 RANGE SINCE JAN. 1. Lowest. 1 107% M ay 20 104% Jan. 105 Mar. 118% M ay 20 115% Mar. 117% M ay 16 115% Mar. M ay 18 89 Mar. 93 86% M ay 9 83 Apr. 95% M ay 29 91% Jan. 90% M ay 16 87 Apr. 100 M ay 19 98% Jan. M ay 20 81 84 Mar. 94% M ay 7 90 Mar. 87% M ay 8 83% Mar. 86 M ay 19 80% Apr. 86 M ay 19 82% Apr. 21% M ay 1 19% Apr. 23 Jan. 28 38 M ay 28 38 May 19 39% M ay 1 32% Jan. 2 37% M ay 2 36 Apr. 1 37% M ay 1 35 Jan 19 25 M ay 1 19% Apr. 1 22% M ay 22 18% Mar. 26% Jan. 24% M ay 11 20 Apr. 24% M ay 5 23 Jan 29% M ay 1 26% Jan. 26% M ay 1 20% Apr 42% M ay 1 36% Jan. 42 M ay 1 36 Jan. 94 M ay 29 88 Jan 106% M ay 29 102% Mar. 104% M ay 16 100% Jan. 111% M ay 1 110% Mar. 101% M ay 28 97% Jan. 101% M ay 28 97% Jan. 101% M ay 27 97% Jan. 104 M ay 27 100% Feb. 100% M ay 13 97% Apr. 71% M ay 13 66% Apr. 95% M ay 4 87 M ay M ay 22 94 96 Apr. 112% M ay 23 109 Jan. 105 M ay 13 101% Jan. 96% M ay 15 94 Apr. 96 M ay 29 93 Apr. 95 M ay 29 92 Apr. 102% M ay 20 100 Mar. 104% M ay 28 103 Jan. 100 M ay 29 97 Mar. Mar. 102 M ay 22 100 ___ 100% M ay 8 99% Apr. 90% M ay 18 82% Apr. 88% M ay 20 84 Apr. 87 M ay 25 82 Apr. M ay 20 103 Apr. 104 101% M ay 28 98% Jan. Mar. 115 M ay 23 113 104% M ay 27 98% Jan. 68% M ay 29 64% Apr. 100% M ay 29 97 Jan. 110 M ay 27 106% Jan. 109% M ay 20 108% Apr. 107% M ay 20 Mar. 9 105 118% M ay 20 117% M ay 16 M ay 18 93 88% Jan. 13 95% M ay 29 90% Jan. 3 100 M ay 19 84 M ay 20 94% M ay 7 87% M ay 8 86% Jan. 6 M ay 19 86 24 Jan. 20 24 Jan. 21 45% Jan. 20 Jan. 22 41 40 Jan. 22 37% M ay 1 Jan. 19 25 24% Jan. 30 26% Jan. 12 24% M ay 11 24% M ay 5 30% Jan. 21 28% Jan. 22 Jan. 21 43 43 Jan. 21 94 M ay 29 107 Feb. 28 104% M ay 16 113% Jan. 13 101% M ay 28 101% M ay 28 101% M ay 27 104 M ay 27 102% Jan. 30 79 Feb. 7 95% Feb. 16 96% Feb. 18 112% M ay 23 Mar. 5 112 105% Mar. 6 98 Mar. 3 Feb. 2 96 Feb. 9 103 105 Feb. 14 Jan. 5 101 103% Feb. 2 100 % M ay 8 Jan. 31 91 90 Mar. 16 87 M ay 25 104% Jan. 4 101 % M ay 28 117 Jan. 5 104% M ay 27 68% M ay 29 1 0 0 % M ay 29 110 % Apr. 22 111% Feb. 3 100% Sale 100% May 101% M ay 14 100% Feb. 101% Jan. 101% M ay 12 101 100% 101^ 101% M ay 101 % Feb. 83 M ay 84 M ay 8 82 Sale 84 84 83% M ay 83% M ay 15 81% Feb. 83% Jan. 93% M ay 15 91 92% 93% 93% M ay 94 67 M ay 72% M ay 16 64 Jan. 72% 71% Sale 92% M ay 25 88% Jan. 90% M ay 92 Sale 90% M ay 13 86% Apr. 90% M ay 84% M ay 19 81 % Jan. 84% M ay 84% 85% M ay 25 82% Jan. 84 M ay 84 Sale 85% 79% Apr. 82 80% 83% M ay 5 84% M ay 25 81% Jan. 84% 84% 84% 83% M ay 7 84% M ay 19 81% Jan. 84% 81% Jan. 81 83% 84% 99 100 99% 99% M ay 14 99 % M ay 1 98 Jan. Feb. 87 M ay 4 87% M ay 19 84 87% Sale 87% 86% 87% 88% M ay 6 88% M ay 4 86 Jan. 88% Mar. 94% 94% M ay 27 95 M ay 2 92 95 91% Jan. 88% 91% 92% M ay 27 88% Jan. 92 92% 91% M ay 92% 102% M ay 20 102% Mar. 102% M ay 102% 103 Feb. 95% M ay 98% M ay 25 95 97% 98% 103% M ay 13 102 Jan. 102% 103% 103 M ay 103% 85% M ay 85% M ay 26 85% M ay 84% 85% 93% May 94% M ay 1 89 Jan. 93% 94 94% 107% M ay 28 105% Mar. 107% Sale 107 M ay 108 94 M ay 20 90% Jan. 94% 93% May 94 94 89% M ay 19 86% Jan. 88% May 88% Sale §9% 78% May 79% M ay 7 76% Jan. 78% Sale 80 67 % M ay 69% M ay 6 62% Jan. Sale 6o 70% 7.5 Jan. 76% May 80 79 Sale M ay 19 80 98% Mar. 27 99% 99 99% M ay 1 100 M ay 5 99% Jan. 2 1 00% 99% Sale 99% Jan. 99% 89% May 1 92% M ay 5 85% Jan. 92% 91% Sale 88 May 6 90% M ay 13 85% Jan. 90% 93 May 1 94% M ay 27 89% Jan. 94% Sale 94% 88% May 1 91% M ay 20 85% Jan. 90% Sale 91% 103% Sale 102% M ay 1 104 M ay 5 100 Jan. 104 103% Sale 102% May 4 104% M ay 28 102% Jan. 104% 103% Sale 102% M ay 1|104% M ay 14 100% Jan. 104% 99% M ay 121 99% M ay 12 99% Jan. 99% 99% 88 88% 88 M ay 281 90% M ay 6 83% Jan. 90% 99% M ay 7|100% M ay 5 99% Mar. 98% Sale 100% Sale 98% M ay 18 99% M ay 15 98% M ay 98% 99% 74% M ay 1 80 M ay 20 68% Jan. 77% Sale 80 62% 63% 62% M ay 11 62% M ay 20 60% Jan. 62% 92% Jan. 93% 95 93% 78% Feb. 77% 80% 81% 87% M ay 29 85 Jan. 86% M ay 87% Sale 87% 72% M ay 26 67 Jan. 70% M ay 72% Sale 73% Apr. 93% M ay 94 M ay 22 93 93% 94 100% M ay 13 101% Feb. 100% M ay 100% 102% 85 M ay 15| 88% M ay 2 80% Apr. 87 Sale 88% Apr. 82% M ay 1 82% M ay 1 82 85% 100% M ay 23400% M ay 12 99% Jan. 100% 102% 103% 102% M ay 4 103% M ay 13 100% Jan. 103% 117% M ay 21 115 Jan. 116% Sale 116% M ay 117% 118% M ay 12 116 Jan. 118% Sale 117% M ay 118% 79% M ay 80% M ay 9 79 Jan. 80% Sale 80% 93% M ay 7 93 Jan. 93% M ay 92 93% 79% M ay 6 73% M ay 73% May 80% 83% 100% M ay 14 101% M ay 5 100 Apr. 101% 101% 107% Sale 107% M ay 1 108% M ay 11 105% Jan. 108% 84 Jan. 85% 88 84 M ay 28 80 M ay 11 74% Jan. 77% 80 80 M ay 5 70% M ay 25 64% Jan. 69% Sale 70% M ay 26 99 M ay 26 97% Jan. 99 99 101% Jan. 102 102% M ay 28 99% Jan. 101 % Sale 101% M ay 1 102 102 100% M ay 16 100% M ay 16 98 Apr. 100% 103% Sale 101% M ay 5 104% M ay 21 103 Jan. 104% Sale 101% M ay 1 103 M ay 25 99 Jan. 102 103 84 Feb. 84 84% 88 99% Jan. 99% 100 100% 97% 97% 96 M ay 13 98 M ay 19 95 Jan. 12 98 Jan. 14 Apr. 17 M ay 8 M ay 15 Apr. 21 M ay 16 M ay 25 M ay 13 M ay 19 M ay 25 Apr. 22 M ay 25 M ay 17 Feb. 17 Apr. 29 M ay 19 Apr. 28 Apr. 6 Jan. 12 M ay 27 Apr. 23 M ay 25 M ay 13 M ay 26 Apr. 28 Feb. 11 M ay 20 M ay 19 Apr. 22 Mar. 19 M ay l9 Mar. 14 Feb. 11 Apr. 21 M ay 5 M ay 13 M ay 27 M ay 20 M ay 5 M ay 28 M ay 14 Jan. 14 M ay 6 Apr. 1 M ay 15 M ay 20 M ay 20 Feb. 5 Mar. 11 M ay 29 Apr. 21 M ay 22 Apr. 29 Jan. 2 Mar. 9 Mar. 4 M ay 13 Feb. 14 M ay 12 M ay 9 M ay 7 Jan. 29 Jan. 5 M ay 11 Jan. 9 M ay 11 M ay 25 M ay 26 Feb. 4 M ay 28 M ay 16 Mar. 16 M ay 25 Mar. 21 Jan. 12 Mar. 30 J une, 1925.] BONDS N. Y. STOCK EXCHANGE. uo ST Sales in May s » Par Value. Central o f N J gen g 5s_______ 1987 J J Registered______________________Q J Cent Pac 1st ref gu g 4s_______ 1949 F A M tg g u g 3 3 4 s -------------- Aug 1929 J D Through St L 1st gu g 4s____1954 J J Charles & Sav 1st g 7s________ 1936 A O Ohes & O gen fnd & imp 5s____1929 J J 1st cons gold 5s____________1939 M N General gold 434s___________1992 M S Registered____________________F A Convertible 434s____________1930 F A Conv secured 5s____________1946 A O Registered___________________ A O Craig Valley 1st g 5s_______ 1940 J J Potts Creek Br 1st 4s_______ 1946 J J R & A Div 1st con g 4s______ 1989 J J R & A Div 2d con gold 4s___ 1989 J J Warm Spring Val 1st g 5s_ 1941 M S _ Chic & Alt RR ref g 3s________ 1949 A O Registered___________________ A O Ctfs of aep stmpd Oct '24 int_________ Ctfs o f dep stmpd Apr ’25 Int_________ Chic & Alt .By 1st lien g 334 s_ 1950 J J _ Ctfs dep coup Jan 1923 on ______ Chic Burl & Q 1 1 Div 334s_____1949 1 J Registered_______________ 1949 J Illinois Division 4s__________1949 J J Nebraska Extension 4s______ 1927 M N General 4s_________________ 1958 M S Registered___________________ M 8 1st & ref 5s Ser A ___________ 1971 F A Chicago City & Conn R y 5s____1927 A O Chic & E 111 1st cons g 6s______ 1934 A O Chic & E 111 (new co) gen 5s___1951 M N Chic & Erie 1st gold 5s________ 1982 M N Chic Gt West 1st 50-yr 4s_____ 1959 M S Chic Ind & Lou ref g 6s_______ 1947 J J Refunding gold 5s___________1947 J J Refunding 4s Series C ______ 1947 J J 1st & general 5s Ser A _______ 1966 M N 1st & gen 6s Ser B _____M ay 1966 J J Ind & Louisv 1st gu 4s______ 1956 J J Chic Ind & Sou 50-yr 4s______ 1956 J J Chic L S & East 1st 434s______ 1969 J D C M & Puget Sd 1st gen 4s____1949 J J •Chic M il & St P gen g 4s.M ay 1989 J J Gen g 334s Ser B _.........M ay 1989 J J Gen 4H s Ser C _______ M ay 1989 J J Gen & ref Ser A 434s_ Jan 2014 A O _ Gen ref conv Ser B 5s. .Jan 2014 F A 1st sec gold 6s______________ 1934 J J Convertible 414s____________1932 J D 4 s -------------------------------------- 1925 J D 4s----------------------------------------1934 J J Ch & M o Riv Div 5s________ 1926 J J ■Oh & N W extens 4s_____1886-1926 F A R e g iste r e d ...........-.1886-1926 F A General gold 334s___________1987 M N Registered____________________ M N General 4s_________________ 1987 M N Stamped non-payt inc tax. 1987 M N General 5s stamped________ 1987 M N Sinking fund 6s----------- 1879-1929 A O Registered_________ 1879-1929 A O Sinking fund 5s_______ 1879-1929 A O Registered_________ 1879-1929 A O Sinking fund deb 5s________ 1933 M N 1933 M N Registered — _____ 10-year secured 7s___________1930 J D 15-year secured 634s________ 1936 M S 1st & ref g 5s-------------- M ay 2037 J D Ohic R I & Pacific gen g 4s____1988 J J Registered_______________ 1988 J J Refunding gold 4s___________ 1934 A O Registered___________________ A O Ohic St L & N O gold 5s_______ 1951 J D Registered_______________ 1951 J D Gold 3 34s_____________ 1951 J D Memphis Div 1st g 4s______ 1951 J D O h St L & P cons g 5s_________ 1932 A O Registered_____________________ A O Chic St P M & Om cons 6s____1930 J D Cons 6s reduced to 334s_____1930 J D Debenture 5s_______________ 1930 M S Stamped__________________________ Ohic T H & S’east 1st 5s______ 1960 J D Income guar 5s______ Dec 1 1960 M S Chic Un Sta 1st g u 4 3 4 sA ____1963 J J 1st 5s Series B ______________ 1963 J J Guaranteed gold 5s_________ 1944 J D 1st 634s Series C ____________ 1963 J J Chic & W I gen g 6s______ Dec 1932 Q M Consol 50-year 4s___________ 1952 J J 1st & ref 5K s series A ____..1 962 M S Choc Okl & G consol 5s________1952 M N Cin Ham & Day 2d g 434s_____ 1937 J J Cin I St L & C 1st 4s_____Aug 1936 Q F Registered ___________ Aug 1936 Q F Cin L & N 1st con gu g 4s_____ 1942 M N Cin S & Cl cons 1st g 5s________1928 J J Clearfield & Mah 1st gu 5s____1943 J C C C & St L gen g 4s________ 1993 D 20-year debenture 4J^s_____ 1931 J Gen 5s Series B _____________ 1993 D Ref & imp 6s Series A _______ 1929 J R ef & imp 6s Series C _______ 1941 J Ref & imp 5s Ser D ________ 1963 J Cairo Div 1st gold 4s_______ 1939 J Cin W & M Div 1st g 4s____1991 J St L Div 1st coll trust g 4s._1990 M N Registered_______ ____________ M N Sp & Col Div 1st g 4s_______ 1940 M S W W Val Div 1st g 4s______ 1940 J J Clev Col O & Ind 6 s . . . .........1934 J J ■Clev Lor & W con 1st g 5s____1933 A O •Clev & Mar 1st gu 434s_______ 1935 M N Clev & Mahon Val g 5s_______ 1938 J J Clev & Pitts gu 434 s Ser B ____1942 A O Series A 434s_________ 1942 J J Series C 334 s_______________ 1948 M N Series D ___________________ 1950 F A Clev Short Line 1st gu 4 34s_ 1961 A O _ ■Clev Un Term’ls 1st s f 534s_1972 A O 1st s f g 5s Ser B ___________ 1973 A O Coal Riv R y 1st gu 4s________ 1945 J D Colo & Southern 1st g 4s______ 1929 F A Refunding & ext 434 s______ *1935 M N Col & Hock Val 1st ext g 4s___ 1948 A O Col & Tol 1st ext 4s___________ 1955 F A Conn & Pas Rivs 1st g 4s---------- 1943 A O Cuba R R 1st 50-yr 5s g _______ 1952 J J 1st & refund 734s Ser A ------ 1936 J D Cuba North Rys 6s stmpd------ 1966 J J Day & M ich 1st con 434 s---------- 1931 J J Del & Hud 4s_________________ 1943 M N 10-year convertible 5s----------1935 A O 15-year 534s....... -1937 M N 10-year secured 7s___________ 1930 J D 3D R R & Bdge 1st gu 4s g-------- 1936 F A -Den & R G 1st cons g 4s______ 1936 J J Consol gold 434s____________ 1936 J J 15 BONDS—STOCK EXCHANGE BECOKD 13.000 6,000 498,000 13.000 56.000 20,000 87.000 257,000 18.000 1.446.000 4.850.000 19.000 16.000 5,000 68,000 2 1,000 2 ,0 0 0 774.000 74,000 123.000 107.000 77,000 146.000 Price Jan. 2 1925. Bid. 108 106 34 87 H 95% 8634 11634 9934 10234 8834 8534 95 10634 PRICES IN M A Y . May 1. Bid. 109 10734 Sale 8934 96 Sale 8634 8634 11634 10034 10134 90 Sale Sale 8634 97 Sale Sale 10334 Ask Sale 9734 81 8334 78 9634 6234 6034 5834 Sale 82 84 8234 9834 Sale 6234 ------- 4534 4534 8134 8034 8834 9934 8734 Sale Sale Sale 8134 Sale Sale 8834 161,000 10134 Sale 72.000 55 56 2,000 10634 1.244.000 7534 Sale 11.000 9934 2.761.000 60 Sale 9.000 10934 111 1.000 9934 100 8554 87 47.000 8734 Sale 54.000 10134 10234 11.000 77 78 1,000 8634 1,000 92 34 95 826,000 5434 5654 169.000 7334 Sale 11,000 6334 64 253.000 8234 Sale 2.323.000 53 Sale 1.266.000 57 Sale 386.000 9934 Sale 1.459.000 5934 Sale 1.719.000 7634 Sale 727.000 5434 Sale 210.000 9535 9654 75.000 9934 9934 15.000 97 34 9834 28.000 73 34 7534 7034 157.000 83 34 83 34 23.000 83 34 85 128.000 103 54 10434 3.000 104 34 13.000 10334 11.000 10034 17.000 9934 31.000 10034 Sale 72.000 99 34 108 156.000 107 34 112 505.000 11154 Sale 184.000 10034 83 34 83 11.000 84 2,263,000 8134 Sale 8354 Bid. Ask. 109 34 10734 10934 8934 Sale 96 9634 8734 Sale 11634_____ 101 101 10134 10334 10234 Sale 9234 Sale 8734 Sale 9834 Sale Sale 10734 Sale Ask. Sale 10934 Sale 9634 87 9834 100_. 8334 8434 79 Sale 9334 9834 6334 63 34 61 61 54 52 85 8034 92 9934 9134 May 29. Sale 63 3 i Sale Sale Sale 9834 9934 7934 _____ 8434 _____ 8234 Sale 9734 9834 6434 6534 Lowest. 10034 10134 90 8734 97 10334 M ay M ay M ay M ay M ay M ay 82 79 9534 64 M ay M ay M ay M ay M ay M ay M ay M ay M ay 63 63 53 52 Sale ------Sale 9934 Sale 61 60 5234 5134 85 10234 47 10734 75 10034 6734 11134 100 100 87 87 Sale 90 9234 10 3 10334 103 34 4 7 J4 79 7734 87 8734 9234 93 34 4334 Sale 5034 Sale 77 7834 68 6634 Sale 8434 Sale 8634 45 34 Sale 5234 4534 Sale 5234 10234 Sale 102 34 4634 Sale 5234 4634 Sale 5234 4534 Sale 5234 9734 98 9934 Sale 99 9934 Sale 99 9834 7334 Sale 52 10734 Sale Sale Sale 112 10034 10134 4734 10734 7434 9934 6234 110 100 10134 46 10734 75 9934 6234 10934 Sale 48 10734 Sale 10034 Sale Sale 8534 Sale 105 105 Sale 8434 84 103 34 10134 103 10034 100 101 107 109 93 8434 8234 8734 Sale Sale Sale Sale 8234 Sale 9934 9934 10634 11034 9534 8434 8234 8834 8234 8234 10134 10434 103 10034 100 1.000 2,000 10054 10234 1,000 10134 10134 7934 7934 84 8534 8434 8534 10134 2 , 000: 10134 10134 103 10034 105 10534 10234 Sale 83,000 92 94 96 9734 9234 Sale 96 52.000 9934 96 Sale 32.000 78 79 Sale 80 809.000 59 6034 6634 Sale 1,739,000 9134 Sale 118.000 10134 Sale 9234 Sale 7i,ooo; 10234 10234 Sale 459,000 11634 11734 99 11634 Sale 10534 105 34 7634 Sale 819.000 7834 Sale 505.000 99 34 lOl 9834 Sale 101 100 17,000 93 54 94 4.000 9234 Sale 6 .0 0 0 9034 9234 93 8634 91 5.000 9134 2.000 8734 Sale 8734 9954 9934 9834 9834 Sale 83 42.000 8334 Sale 8334 89.000 96 9734 Sale 9834 101 10134 103 Sale 125.000 10734 Sale Sale 10334 9831 1,000 9734 Sale 618.000 95 9834 Sale 5.000 8934 9034 90 23,000 7954 8034 8034 ” 8 1 " 83 2 .0 0 0 8134 83 2 ,0 0 0 8834 9134 8834 87 34 8834 8634 88 17,000 107 34 10734 4.000 10134 10034 10134 97 Sale 2.000 9634 98 34 100 9734 9934 99 9.000 97 54 87 3.000 82 8534 83 91 81 50.000 9734 9734 9734 Sale 10534 10634 106 73.000 230.000 99 34 Sale 10034 Sale 20.000 8334 8334 8434 85 Sale 111.000 9634 Sale 9834 Sale 292,000 9034 9434 Sale 1,000 8634 8634 8734 8434 90 8334 7834 7834 84 Sale 116,000 83 34 8634 87 Sale 14.000 10234 Sale 104 174.000 89 54 Sale 9134 Sale Sale 23.000 9634 9634 9734 192.000 8934 8934 9134 Sale Sale 10634 Sale 1,267,000 103 129.000 10134 Sale 10134 10134 109 41.000 108 10834 Sale 2,000 9334 9334 Sale 970.000 83 8334 Sale 86 34 86 34 8734 ' 9,000 86 9134 M ay 9934 M ay 9134 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 90 10234 M ay M ay 79 M ay 88 93 34 M ay Sale 4334 M ay M ay Sale 77 6834 6634 M ay Sale 8434 M ay M ay Sale 45 Sale 4534 M ay M ay Sale 102 M ay Sale 46 Sale 4634 M ay Sale 4434 M ay Sale 9734 M ay M ay Sale 99 9834 M ay 77 7334 M ay Sale 104 80 85 8534 10434 Sale 104 101 Sale 100 Sale Sale Sale Sale Sale 10134 101)4 102 7834 8434 85 10134 102 103 34 96 34 9534 9534 85 7534 10334 98 97 97 Sale Sale 100 101 Lowest. Highest. Sale Prices. 109 M ay 1 10834 M ay 16 8834 M ay 7 96 M ay 11 87 M ay 6 6134 6034 5234 5134 8> 8034 93 9934 9134 Sale 101 Sale RANGE SINCE JAN. 1. Highest. 8234 8234 10134 10434 103 10034 9934 9934 M ay M ay M ay M ay M ay M ay M ay M ay 10634 10834 92 34 8434 8234 8734 8834 10234 10134 M ay M ay M ay M ay M ay M ay M ay M ay M ay 10134 M ay 10234 M ay 9234 96 80 6634 92 34 10234 Sale 10134 99 9934 Sale Sale 11634 118 106 10534 79 82 34 Sale 10034 10034 98 10034 10134 10034 93 34 9334 9234 " 9 3 " 93 92 9134 92 90 89 89 9934 9834 8334 8434 Sale 9834 9834 97M M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay Sale Prices. Sale Prices. Sale Prices. 10934 M ay 25 10734 Jan. 27 10954 M ay 25 10834 M ay 16 10634 Feb. 10 10834 M ay 16 90 M ay 26 8634 Feb. 26 90 M ay 26 96 M ay 11 9534 Jan. 23 9634 Apr. 24 8934 M ay 20 8534 Apr. 3 8934 M ay 20 11234 Feb. 4 11734 Jan. 30 19 101 M ay 11 9834 Mar. 11 101 M ay 11 4 103 34 M ay 7 10134 Apr. 1 10334 Jan. 19 1 9234 M ay 27 8734 Jan. 9234 M ay 27 6 8934 M ay 19 8534 Jan. 8934 M ay 19 ll 9834 M ay 21 9434 Jan. 9834 M ay 21 15108 M ay 18 10134 Apr. 10934 Jan. 10 10334 Feb. 18 10634 Feb. 7 9734 Jan. 2 9934 Jan. 8 8234 Jan. 29 83 Jan. 8 21 85 M ay 19 82 M ay 21 85 M ay 19 1 8234 M ay 29 7934 Mar. 11 8234 M ay 29 25 9534 M ay 25 9534 M ay 25 9734 Jan. 16 4 6534 M ay 4 62 Feb. 6 Jan. 8 66 6034 Jan. 30 6034 Jan. 30 1 6134 M ay 13 58 34 Jan. 6 6234 Feb. 25 20 6034 M ay 18 60 M ay 20 6234 Feb. 3 11 5534 M ay 4 4434 Jan. 19 5834 Feb. 6 12 52 34 M ay 4 45 Jan. 16 5534 Feb. 13 1 8634 M ay 14 81 34 Jan. 6 8634 M ay 14 8434 Apr. 24 8434 Apr. 24 20 94 Mfcy 5 8834 Jan. 2 9434 Apr. 28 21 100 M ay 4 99 Jan. 14 100 Feb. 2 1 9234 M ay 5 8834 Jan. 7 92 34 M ay 5 8934 Feb. 27 8934 Feb. 27 1 10234 M ay 28 10134 M ay 1 10234 M ay 28 7 52 M ay 18 4734 M ay 7 63 Mar. 4 2 10734 M ay 2 10534 Jan. 23 10734 Feb. 4 4 7634 M ay 8 7434 Apr. 13 7934 Feb. 5 7 10034 M ay 27 9934 Jan. 3 10034 Feb. 11 1 6834 M ay 25 5934 Jan. 5 6834 M ay 25 12 112 M ay 23 10934 Apr. 7 112 M ay 23 5 100 M ay 5 9934 Jan. 9 10034 Mar. 4 Mar. 31 8534 Jan. 14 87 1 9234 M ay 29 87 Feb. 10 9234 M ay 29 5 104 M ay 28 10134 Jan. 14 104 M ay 28 7 7934 M ay 26: 7734 Jan. 23 7934 M ay 26 5 88 M ay 5 8634 Jan. 7 88 Apr. 28 11 9334 M ay 11 93 34 Feb. 6 9334 Feb. 28 M ay 21 4334 M ay 1 5834 Mar. 6 52 79 M ay 8 7034 M ar. 18 79 M ay 8 M ay 11 6234 M ar. 13 67 M ay 11 67 87 M ay 14 7734 Mar. 11 87 M ay 14 M ay 20 4334 Mar. 20 54 Jan. 8 53 53 34 M ay 20 4434 Mar. 20 5854 Feb. 28 1 10334 M ay 16 9634 Mar. 12 10354 M ay 16 M ay 20 44 Mar. 19 6034 Jan. 7 ' 53 5334 M ay 21 46 Apr. 20 7834 Jan. 7 5234 M ay 29 44 Mar. 19 56 34 Jan. 9 9934 M ay 25 9434 Mar. 18 9934 M ay 25 M ay 26 9834 Apr. 20 lOOVs Jan. 22 M ay 1 9834 Apr. 25 9954 Feb. 26 77 M ay 22 7334 Apr. 24 9834 Apr. 25 72 Feb. 26 7234 Feb. 13 1 8634 M ay 23 M ay Apr. 20 5 85 M ay 27 8134 Apr. 27 8634 Jan. 23 85 6 82 1 10434 M ay 27 10134 Apr. 25 10434 Jan. 8 29 104 34 May 15 104 Feb. 10 10434 Mar. 4 7 103 M ay 7 103 M ay 7 104 Jan. 31 13 101 M ay 28 M ay 28 11 101 22 100 M ay 7 10034 Apr. 22 10034 Jan. 30 19. 100 M ay 5 9934 M ay 19 103 Feb. 6 9934 M ay Feb. 25 101 Feb. 25 101 13 108 M ay 4 105 Jan. 22 11234 Mar. 5 1 11034 M ay 27 107 Apr. 22 11234 Jan. 10 2 9634 M ay 25 9134 Apr. 20 102 Mar. 16 1 85 34 M ay 15 M ay 15 Mnr. 8 83 34 M ay 16 8234 Feb. 31 8534 M ay 16 82 18 83 34 1 8934 M ay 8 8334 Jan. 2 8934 M ay 8 M ay 20 8634 Apr. 21 8834 Mar. 20 20 20 10234 M ay 18 10134 Jan. 20 103 Jan. 27 20 10134 M ay 20 10134 M ay 20 10134 Jan. 5 7934 Jan. 7 7934 Jan. 7 83 34 Mar. 16 8534 Feb. 10 Mar. 11 103 Apr. 18 13 10134 M ay 2 10134 Jan. 31 10034 Jan. 31 100 34 10234 M ay 1 10834 Jan. 19 1 103 34 M ay 7 9234 Feb. 5 9234 Feb. 26 Apr. 3 M ay 98 M ay 2 9234 M ay 8 10534 M ay 21 96 1 9934 9634 M ay 7 75 Mar. 18 8634 M ay 21 M ay 21 55 Mar. 16 7734 M ay 21 8634 7134 M ay 21 9134 Jan. 2 9454 M ay 15 9434 M ay 15 100 Jan. 30 10214 M ay 5 102 34 M ay 5 9734 Mar. 20 10034 M ay 9 10034 M ay 9 11634 Jan. 21 118 M ay 28 118 M ay 28 10534 M ay 11 10534 Apr. 20 10534 M ay 11 7634 Jan. 5 8334 M ay 29 8334 M ay 29 9734 Feb. 2 10034 M ay 22 9934 Jan. 8 10034 M ay 22 M ay 13 M ay 13 9334 Apr. 27 101 101 95 M ay 19 9134 Mar. 30 95 M ay 19 93 M ay 1 M ay 1 93 6 92 M ay 28 9034 Feb. 25 96 Apr. 2 2 89 M ay 26 8734 Jan. 20 8934 Feb. 24 9934 Feb. 9934 Mar. 8434 M ay 26 98 J4 M a y 28 Sale 10334 M ay 104 104 10434 M ay 104 10434 98 M ay 100 9934 Sale 90 M ay 9034 9034 81 82 34 ”8131 8034 M ay 85 8234 M ay 8434 83 83 M ay 8934 8634 88 10734 M ay 19 108 10734 M ay 11 101 10134 10134 101 9634 ------- 97 M ay 1 97 10034 94 9934 9934 99 M ay 15 9934 8534 M ay 1 8534 8334 8334 99 Sale 9734 M ay 99 10734 10634 107 106 M ay Sale 10034 M ay 102 102 8734 8734 8534 8434 M ay 9834 9834 9834 M ay 9834 94 M ay 9534 9534 Sale 8634 8634 M ay 8634 84 84 78 Sale 88 86 M ay 88 10334 Sale 10334 M ay 10434 Sale 91 9134 9034 M ay 9734 9734 M ay 9734 9134 Sale 9034 M ay 9234 10634 Sale 10534 M ay 10734 102 10234 10134 M ay 10234 10834 109 108 M ay 10834 94 94 94 M ay 8434 ” 8534 83 34 M ay 4 8534 88 8834 8634 M ay 4l 88 M ay M ay M ay M ay M ay M ay M ay 20 6 21 20 4 15 14 M ay 2 M ay 11 M ay 1 M ay M ay 5 1 M ay M ay M ay M ay M ay M ay M ay 16 7 12 20 6 18 11 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 28 19 11 5 28 2 22 25 7 26 8 8454 9834 10154 104 10734 100 91 8234 85 83 8934 8734 108 10234 97 9954 M ay M ay Jan. Feb. Feb. M ay Apr. M ay M ay M ay Apr. Jan. Apr. Feb. M ay Feb. 26 28 23 10 16 21 7 4 15 14 16 8 24 4 1 3 99 M ay 15 8534 M ay 1 8634 84 Mar. 16 8534 9534 Apr. 8 99 10434 Mar. 24 10734 9934 Jan. 28 102 83 34 Jan. 16 8734 9634 Jan, 7 9834 9034 Jan. 5 9534 8634 Feb. 18 8634 8434 Apr. 27 8434 8134 Jan. 21 8154 8334 Jan. 2 88 10234 Jan. 2 106 89 Jan. 6 9334 96 Jan. 13 9734 8834 Jan. 20 9234 10134 Jan. 5 10854 101 Jan. 3 103 107 Feb. 14 110 94 M ay 7 94 82 Jan. 2 !-534 8534 Apr. 2 8934 Apr. Apr. Mar. M ay M ay M ay M ay Mar. M ay Apr. Apr. Jan. M ay Jan. Feb. Jan. M ay Apr. Feb. Jan. M ay M ry Mar. 16 24 18 16 7 12 20 26 18 16 27 21 28 2 10 20 28 21 24 21 7 26 9 8134 Feb. 96 Jan. 9934 Jan. 103 Jan. 10334 Mar. 9434 Jan. 8934 Jan. 80 Jan. 8134 Mar. 83 M ay 8834 Jan. 87 34 Jan. 10734 Jan. 10034 Apr. 9634 Jan. 9834 Apr. 16 [V ol. 120, BONDS-STOCK EXCHANGE RECORD BONDS N. Y . STO C K EXCH AN GE. Denver & Rio Grande (Concludedi Improvement gold 5s_______ 1928 J D Farmers Ln & Tr dep rects for 1st & ref 5s due_ Aug 1 1955 _ Bankers Trust Oo ctfs dep Assnt to J’ne 15 ’23 agreem’tStamped_________________ Am Ex Nat Bk ctfs Feb 1922 ____ Denv & Rio Gr West 5s_______ 1955 F A Dee M & Ft D 1st gu g 4s_____ 1935 J J Temporary ctfs o f deposit_______ Des Planes Val 1st gu 4J^s____ 1947 M 8 Det & Mack 1st lien g 4s_____ 1995 J D Gold 4s____________________ 1995 J D Det River Tunnel 1st 4 k s ____ 1961 M N Dul Missabe & Nor gen 5s____ 1941 J J Dul & Iron Range 1st 5s______ 1937 A O Dul So Shore & Atl g 5s______ 1937 J J East Ry M No Div 1st g 4s___ 1948 A O East Tenn reorg lien g 5s_____ 1938 M S East Tenn Va & Ga div 5s____ 1930 J J Cons 1st gold 5s____________ 1956 M N Elgin Jol & East 1st g 5s______ 1941 M N El Paso & S W 1st & ref 5s____ 1965 A O Erie 1st con extended at 7% to 1930 M Erie 1st con & prior 4s________ 1996 J J Registered______________________ 1st consol gen lien g 4s_____1996 Registered___________________ Penn coll trust g 4s________ 1951 50 yr conv g 4s Ser A ______ 1953 Do do Ser B ______ 1953 Gen conv 4s Series D _______ 1953 Erie & Jersey 1st s f 6s________ 1955 Erie & P gen gu g 3 k s B ______ 1940 8eries C ___________________ 1940 Fla Cent & Pen ext g 5s______ 1930 Consol gold 5s______________ 1943 J J Fla East Coast 1st 4 k s 1959 J D 1st & ref 5s ser A ___________1974 M S 1st & ref 5s Ser A w i ________ 1974 M S Fia western & Nor 1st 7s_____1934|M N Fonda Johnst & Glov 4 k s ____ 1952 M N Fort St U D Co 1st g 4 k s ____ 1941 J J Ft Worth & Denver City 5kS-1961 J D Ft W & Rio Gr 1st g 4s_______ 1928 J J Frem Elk & M o V 1st 6s_____ 1933 A O Gal H & San Ant M & P 1st 5 s .1931 M N 2d guar exten 5s___________ l 9 3 lJ J Galv Hous & Hend 1st 5s_____1933 A O Genesee R iv R R 1st s f 6s___1957 J J Ga & Ala 1st cons 5s Oct. 1945 J J Ga Car & Nor 1st gu g 5s______ 1920 J J Georgia Midland 1st 3s______ 1946 A O Gouv & Oswogatch 1st gu 5 s ..1942 J D Gr R & I ex 1st gu g 4 k s _____ 1941 J J Grand Trunk o f Can s r 7s____ 1940 A O 15-yr deb g s f 6s guar______ 1936 M S Grt Nor— Gen 7s Series A ____ 1936 J J 1st & refund 4 k s Ser A ____ 1961 J J Registered__________ L_______ J J Gen mtge 5 k s Ser B ______ 1952 J J Gen mtge 5s Ser O ________ 1973 J J Geen Bay & West deb ctfs A ______ Feb Debenture ctfs B _______________ Feb Greenbrier R y 1st gu g 4s_____ 1940 M N Gulf M ob & Nor 1st 5 k s _____ 1950 A O Gulf & Sh Isld ref 5s______ Feb 1952 J J Harlem R & Pt Ches 1st 4s___ 1954 M N Hock Val 1st con g 4 k s ______ 1999 J J Registered__________________1999 J J Houst & Tex C 1st g 5s int gu.1937 J J Hous Belt & Ter 1st 5s_______ 1937 J J Houst E & W Tex lst»6s______ 1933 M N 1st gu g 5s redeem_________ 1933 M N Housatonic R R con g 5s______ 1937 M N Hudson & Manhat ser A 5s____ 1957 F A Adjust income 5 s ______Feb 1957 A O Illinois Central 1st g 4s_______ 1951 J J Registered___________________ J J 1st gold 3 k s .......................... .1951 J J Registered___________________ J J Extended 1st g 3 k s ________ 1951 A O Registered____________________A O 1st gold 3s sterling_________ 1951 M S Collateral trust gold 4s_____1952 A O Registered____________________ M N 1st refunding 4s____________ 1955 M N Purchased lines 3 k s ________1952 J J Registered____________________J J Coll tr g 4s L N O & T 1953 M N Registered____________________ M N Refunding 5s _______________ 1955 M N 15-year secured 5 k s ______ 1934 J J 15-year secured 6 k s ______ 1936 J ,T ) Cairo Bridge gold 4s______ 1950 J T Litchfield Div 1st g 3s____ 1951 J J Louisv Div & Ter g 3 k s ____1953 J J Omaha Div 1st g 3s________ 1951 F A St. Lou Div & Term g 3s_ 1951 J .T _ Gold 3 k s __________ .1951 J J Springf Div 1st g 3 k s ______ 1951 J J Western Lines 1st g 4s______ 1951 F A Registered___________________ F A Ch St L & N O jt 5s A ______ 1963 J D Ind 111 & la 1st gold 4s_______ 1950 ,T J Ind Union gen & ref 5s A ____ 1965 J .1 Gen & ref g 5s Ser B _______ 1965 J .T Internat & Gt Nor 1st 6s_____ 1952 J J Adj m 6s Ser A _____________ 1952 Ap 1 Stamped_____________________ Int Rys o f Cent Amer 1st 5s_.1972 M N Iowa Cent 1st gold 5s________ 1938 J D Certificates o f deposit________ 1st & ref 5 4s.......................... 1951 M S > James F & Clear 1st 4s_______ 1959 J T Kal A & G R 1st gu g 5s______ 1938 J J Kan & M 1st gu g 4s_________ 1990 A () Second 20-year 5s__________ 1927 J J K O Ft S & M con g 6s______ 1928 M N K C Ft S & M Ry ref g 4s___ 1936 A O K C & M R & B 1st gu g 5s_ 1929 A O _ Kan City South 1st g 3s_____ 1950 A O Ref & Imp 5s________ April 1950 J J Kan City Term 1st 4s________1960 J J Kentucky Central g 4s______ 1987 J J Keok & Des M 1st 5s ctfs dep__1923 A O Ctfs dep stpd as to int__________ J Knox & Ohio 1st g 6s________1925 J Lake E & W 1st gold 5s_____ 1937 J 2d gold 5s................... ..1941 D Lake Sh & M S g 3 k s .............. 1997 Registered_________________ 1997 J D Debenture gold 4s_________ 1928 M S 25-year gold 4s____________ 1931 M N Registered____________________ M N Leh Vail Harbor Term 1st 5 s ..1954 F A Leh V (N Y ) 1st gu g 4 k s ___ 1 9 4 0 J J Registered_________________ ,____ J J Leh Val (Pa) gen con g 4s____2003 M N Registered______________________IM N Gen cons 4 k s ______________2003 N M Sales in May Par Value Price Jan. 2 1925. May 29. Bid. Ask. Bid. Ask. Bid. Ask 286.000 95 k Sale 98 k Sale 96 k Sale $ 60 1,288.000 68,000 16,000 22,000 35,666 15.000 74.000 2,000 14.000 Sale 45k 60k 45k Sale Sale 60 k Sale Sale 45 k 45 k 63 74 45 k 45 k Sale 75 70k Sale 95 72 k 65 92 k 102 k 101k 83 k 90 k 100k 99 k 101k 101 100k 108 k 70 k 67 k 62 k 101 Sale 18,000 100k 101 101 Sale 54.000 99k 50.000 107 k Sale 526,000 70 k Sale 64 Sale 58 k Sale Sale 45 73 k 67k Sale Sale Sale 91k 102 102 Sale 108k Sale 69 k Sale 59 k 50 48 k 90 k 72 k 65 93 102 k 102 87 k 90 k 100 k 100 k 100 k 102 102 108 k 71 63 k 63 k 21,000 9 5 k ------96 95 k Sale 173.000 65 Sale 65 k Sale 64 k Sale 203.000 65 6 4 k 6 5 k 66 k 71 Sale 284.000 73 k Sale 71k 93,000 102 k 104 k 104 Sale 104 k 84 _____ 8 4 k ------- 84 k 84 _____ 8 4 k ------- 84 k 100 ____ 100 ____ 100 373.000 98 k 9 9 k 9 9 k 9 9 k 96 k 52,000 9 2 k 9 3 k 9 3 k ------- 95 8 8 8 , 000 ' 93 k Sale 95 k Sale 97 k 463.000 96 k 926.000 103 Sale 113k Sale 118k 67 176.000 64 67 k 67 k 64k Q 4,000 S 89 k 90 k 89 k 104 k 104 k 104 k 35.000 92 k Sale 94 k 95 k 97 19.000 108 109 k 107 k 108k 108 k 13.000 100 100 k 100 k 100 k 100 4.000 99 k 100 99 k 100 99 k 5.000 9 1 k 92 93 k 94 93 k 45.000 100 k 100 k 103 k 104 103 k 75.000 ■92k 93 k 94 95 k 18.000 99 k 100 99 k 100 99 k 14,000 6 4 k Sale 65 65 k Sale 99 k 99 k 99 k 10,000 94 k 96 95 k 96 k 96 198.000 115k Sale 116k Sale 116k 150.000 106 k Sale 107k Sale 107k 585.000 109k Sale 109 k Sale 110 142.000 92 k 93 9 1 k Sale 92 k 220,000 100 k Sale 100 k Sale 94 Sale 92 k Sale 69 75 70 80 696.000 14 k Sale 14k Sale 5.000 86 k 88 k 82,000 23.000 97 k 100 101 Sale 13.000 80 8 1 k 83 38.000 89 k 90 90 k Sale 49.000 83 k 90 77 k 102 100 6.000 97 96 33.000 95 98 k 99 k 100 k 100 k 9 9 k 101 2 ,0 0 0 9 2 k -----83 k 96 1.249.000 87 Sale 90 k Sale 1.729.000 68 Sale 74 k Sale 9,000 89 ____ 92 k 9 1 k 92 81 8 1 k 83 k 3.000 78 81 80 k 8.000 81 83 k 4,000 78 80 k 64 72 57 k 88 35,000 86 k Sale 85 k 87 183.000 88 k Sale 9 1 k Sale 3,000 78 8 1 k 82 k 11,000 78 k Sale 85 181.000 83 k Sale 80 k 45.000 103 k 103 k 106 k Sale 122,000 103 k Sale 102k Sale 112 111 15.000 109 k Sale 3.000 88 k 89 k 1.000 70 k 82 71k 27.000 76 k 82 80 k 82 73 69 k 72 2,000 71k Sale 72 k 82 6,000 79 80 k '8 1 k 81 2 ,0 0 0 78 k 82 10,000 86 k 87 86 k 84 1,000 84 475,000 96 k Sale 99 k Sale 26,000 87 k 90 90k 100 26,000 100k 100k 100 100 Sale 160,000 101 102 k 104 Sale 2,230,000 68 7 1 k Sale 68 k 78 k 78 k 145.000 76 k Sale 62 61 66,000 57 61 60 7,000 20 k 141.000 19k 20 10,000 84 k 87 k 88 k 100 k 99 k 1,000 80 8 1 k 84 k 82 k 2,000 100k 100 k 99 k 100 75.000 102 k 102 k U03 103 k 463.000 80 k Sale 85 k Sale 73.000 98 k 98 k 99 k 89.000 70 k 70 k 72 k Sale Sale 662.000 89 90 k Sale Sale 151,000 84 85 k Sale 90.000 83 k 85 k 86 88 k 84 k 82 81k 6 , 00,0 100 k 101k 100 100 k 3,000 99 k 100 k 100 10,000 95 95 k 9 5 k 96 k Sale 127,000 78 k 79k 80 78 k 76 k 77 219,000 97 k 98 k 98 k Sale 194,000j 95 k Sale 96 k Sale 94 k 91k 98 k 26,000 100k 101 3,000 96 k 100 97 k 98 95 k 94 k Sale 119,000 79 80 80 k '8 1 k 77 79 k 89,665 87 k 88 k 89 k '9 0 k 407.000 2,000 Sale Prices. Sale Prices. 98 M ay 15 99 M ay 1 63 68 93 k 72 66 k 91k 102 k 100 k 87 k 87 k 99 k 99 k Lowest. Highest. Lowest. 60k 60 58 k 56 60 41 2 2 ,0 0 0 614,000 RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. Sale 52 96 77 k 68 k 94 Sale Sale Jan. Feb. Feb. Mar. Jan. Apr. Jan. Jan. Apr. Apr. Feb. Jan. Apr. Jan. Jan. Mar. Jan. Jan. Jan. Jan. Jan. Mar. Apr. Feb. Jan. Apr. Apr. Apr. Jan. Jan. 69 k 70 k 60 k 66 k 50 50 93 k 73 k 67 k 94 k 104 102 k 90 90 k 101k 101 101k 102 k 101 108 k 72 k 68 k 66 k 67 98 69 69 75 k 106k 84 Jan. Jan. Jan. Jan. M ay M ay Feb. M ay Feb. M ay Apr. M ay Jan. M ay M ay M ar. M ay Apr. M ay M ay Feb. M ar. Feb. Jan. Feb. Feb. Feb. Jan. Apr. Jan. 100 Jan. 25 9 8 k Jan. 29i 9 2 k Jan. Mar. 29 93 21 95 k M ay 19 102k Jan. 13 64 k Jan. 13 8 9 k Mar. 104k Jan. 11 9 2 k Jan. 13 107k M ay 12 100 Jan. 14 9 9 k Mar. 4 9 0 k Jan. 19 100k Jan. 22 93 Jan. 9 9 9 k Jan. 15 6 4 k Jan. 100 100 96 k 97 k 96 k 119k 73 90 104 k 97 109 k 100 k 100k qc; 104 k 102 k 99 k 66 k Jan. 15 M ay 25 M ay 29 M ay 29 M ay 21 Apr. 19 Mar. 9 M ay 13 Jan. 31 M ay 1 Apr. 15 Feb. 5 Jan. 23 Apr. 2 Feb. 25 Mar. 3 M ay 9 Jan. 8 96 15 94 Apr. 117 9 115k Jan. 14 106k Jan. 108 k 111 13 109 Apr. 22 9 1 k Feb. 92 k 9 1 k Jan. 91k 22 100k Jan. 102 k 23 92 Apr. 95 k Mar. 28 72 78 18 1 2 k Jan. 12 18k 13 86 Jan. 12 8 7 k 27 101 k M ay 14 102k 26 9 8 k Mar. 102 k 18 80 Jan. 84 k 21 8 9 k Jan. 91k 20 88 Mar. 90 k 22 9 9 k Jan. 100 k 23 96 Jan. 99 9 9 k Jan. 100 9 9 k Jan. 99 k 4 9 2 k Jan. 94 k 21 8 6 k Jan. 23 67 k Jan. 76k 11 9 1 k Mar. 94 9 0 k Apr. 90 k 83 k 8 1 k Jan. 9 8 0 k Jan. 83 k Jan. 15 81 84 k 18 84 M ay 84 62 Feb. 62 25 8 6 k Jan. 89 8 5 k Apr. 85 k 1 88 Jan. 92 k 27 7 8 k Jan. 83 k 28 79 Jan. 83 k 18 83 Jan. 85 k 81 Feb. 82 22 103k Jan. 106k 22 102 Jan. 20 103 k 29 109k Jan. 2 112k 22 8 8 k Feb. §9k 7 70 Feb. 73 19 7 7 k Jan. 82 k 73 7 0 k Feb. 28 7 1 k Jan. 77 Jan. 23 79 83 k 8 79 k Apr. 82 k 4 8 6 k Mar. 88 25 84 Apr. 87 25 9 6 k Jan. 100 k 25 8 7 k Jan. 91k 2 100 Jan. 101 100 Feb. 100 k 29 100 Feb. 105k 6 66 Apr. 78 67 Apr. 67 4 7 6 k Jan. 80 k 28 57 Jan. 65 13 59 k Apr. 60 k 23 1 9 k Jan. 26 k 7 8 6 k Mar. 89 M ay 15 Apr. 21 M ar. 14 Feb. 5 M ay 22 Jan. 3 Feb. 13 M ay 23 M ay 28 M ay 18 M ay 13 M ay 27 M ay 26 M ay 18 M ay 21 M ay 20 Feb. 11 M ay 23 Jan. 20 Jan. 16 M ay 4 M ay 21 M ay 23 M ay 11 Apr. 22 Mar. 23 M ay 9 M ay 15 M ay 18 Feb. 11 M ay 25 Apr. 7 Apr. 20 M ay 27 M ay 28 M ay 18 M ar. 20 M ay 22 Jan. 2 M ay 29 Apr. 13 M ay 7 M ay 19 Apr. 29 M ay 28 M ay 23 M ay 8 M ar. 19 Feb. 10 M ay 25 M ay 13 Jan. 16 Jan. 3 M ay 29 Feb. 2 Apr. 27 Feb. 26 Feb. 6 Apr. 30 Feb. 26 M ay 7 15 80 Jan. 8 9 9 k Jan. 25 102k Jan. 22 8 0 k Jan. 27 98 Jan. 27 7 0 k Jan. 23 8 8 k Mar. 13 83 k Mar. 12 84 Feb. 84 100 k 103 k 88 k 100 k 74 k 92 k 87 k 87 Mar. 4 Feb. 24 M ay 25 M ay 22 M ay 27 M ay 27 M ay 23 M ay 13 M ay 12 M ay 9 100 Apr. M ay 19 9 9 k Jan. M ay 21 95 k Feb. M ay 14 7 8 k Jan. 76 k Jan. M ay 5 9 7 k Feb. M ay 1 9 5 k Jan. 9 5 k Jan. 102 k M ay 14 100k Jan. 97 k M ay 12 96 Mar. 93 Jan. §2 M ay 28 79 Jan. 7 8 k Jan. 9 1 k 'M a y '23 88 Jan. 100k 100 k 96 k 81 76 k 98 k 97 k 95 k 102 k 98 93 82 78 k 90 k Jan. M ay M ay M ay Jan. Feb. Apr. Jan. M ay Apr. Jan. M ay Apr. Feb. 58 k M ay 45 M ay 46 k M ay 60 50 50 M ay 7 M ay 28 M ay 28 73 k M ay 73 k M ay 92 k M a y ' 94 k M ay 18 M ay 25 M ay 4 M ay 7 M ay 6 100 k 101 100 k 109k 108 k Sale 70 k 63 k Sale 62 M ay M ay M ay M ay M ay 101k 102 101 108 k 72 k M ay 28 M ay 22 M ay 14 M ay 5 M ay 8 96 k 95 k Sale 65 k 66 k 65 k Sale 71 Sale 103 k M ay M ay M ay M ay M ay 95 k 67 k 67 73 105 Sale Sale Sale Sale Sale Sale 99 k 93k 94 k 95 k 112k 67 k 89k M ay M ay M ay M ay M ay M ay M ay 6 100 11 96 k 12 9 7 k 16 96 k 1 119 k 4 70 11 90 Sale 109k 100 k 100 k 93 k 104 96 Sale 66 95k 107k 100 100 93 103 k 94 99 k 65 M ay 6 97 M ay M ay 12 108k M ay M ay 15 100 k M ay M ay 100 M ay M ay 94 M ay M ay 104 M ay M ay 96 k M ay M ay 99 k M ay M ay 65 k M ay M ay 1 64 k M ay M ay M ay M ay M ay M ay M ay M ay 100 k M ay 102 k 92 k M ay 95 k Sale 95 k 77 76 M ay 78 78 17 1 7 k 14 k M ay 18k 86 k 88 k 87 k M ay 87 k 102 k Sale 101k M ay 102 k 99 k M ay 101k 102 102 k 83 M ay 84 k 85 84 k 9 1 k 9 1 k 90 k May. 91k 89 k M ay 90 k 100 100 M ay 23 100 k 98 98 k 97 k M ay 2 99 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 100 k 93 k 96 92 k Sale 76 k Sale 93 k 87 k M ay M ay M ay M ay 100 8914 82 Sale Sale 90 k Sale Sale Sale Sale Sale M ay M ay M ay M ay 4 1 1 5 94 k 93 k 76 k 94 83 k M ay 9 83 k M ay 83 k M ay 15 84 k M ay 84 M ay 18 84 M ay 87 k M ay 6 89 M ay 2 92 M ay 11 83 k M ay 4 83 k M ay 7 8 5 k M ay M ay M ay M ay 106 k 102 k 111k 89 k 73 81k M ay 1 106 k M ay 1 103 M ay 12 112k M a y 22 89 k M ay 7 73 M ay 6 82 k M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 77 M ay 83 k M ay 82 k M ay M ay 88 84 k M ay 100k M ay 100 k M ay 100 k M ay 103 k May 7 1 k M ay 105 k M ay 74 k M ay 78 k 60 k 60 k 20 k 88 k 81k 100 k 103 k 85 k 99 k 72 k 90 k 85 k 85 k 79 M ay 63 M ay M ay 19 60 k M ay 1 27 k M ay 2 89 81k 100 k 103 k 88 k 100 k 74 k 92 k Sale 102 k M ay 2 9 7 k 97 k M ay 12 82 80 k M ay 5 91k 90 2 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay ¥ Vs M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 100 100 k 100 M ay 101-- 100 k M ay 100 k 97 96k 95 k M ay 80 81 79 k M ay 80 Sale 9 8 k M ay 11 98 k Sale 96 k M ay 8 97 86 M ay 91k 82k 83 84 k 77 81k 82 k 88 84 k Sale 99 9 1 k 90 k 100k 100 k Sale 63 k 62 k Sale 22 89 k 90 k 100 k 8 1 k 84 k 103 k 87 k 98 k 74 92 86 k 85 k 84 k 82 100 100 k 96 k 79k 77 k 98 k 96 k 96 k 102 k 97 k 95 k 81k 94 k 90 k 74 92 k 6 M ay 1 M ay 6 M ay 12 M ay 8 M ay 26 Sale 96 M ay 15 96 M ay Sale 116k M ay 1 117 M ay Sale 107 k M ay 1 108 k M ay Sale 108 k M ay 1 110 M ay 92 k 9 1 k M ay 1 92 k M ay 10 1 k Sale 72 k 80 k 73 k 76 k 83 k 87 85 85 100 k 90 k 100 k 100 k 105 k 73 k 68 79 62 60 k 8 102 k 87 k 90 k 101k 85 k Sale Jan. 12 Jan. M ay M ay M ay M ay Sale 106 102 k 103 112k Sale 6 70 59 59k 56 k 60 k 55 39k 45k 93k 73 65 91 102 100k 82 k 88 99k 100 100k 101 99k 107 70 67k 61 k 62k 95k 62k 60 69k 101 k 84 101k 83 k 90 k 100 k 8 4 k ------8 4 k ------83 k 85 6 4 k 71 89 Sale 85k 87k 9 1 k Sale 83 k 84 Highest. Sale Prices. Sale Prices. 95 Jan. 9 |99 Feb. 9 10 12 8 15 28 28 4 8 14 18 14 24 27 7 6 2 28 21 14 5 13 28 24 17 13 18 17 10 17 12 3 19 21 14 10 21 23 23 14 23 13 23 9 11 J une, 1925.] BONDS N. T . STOCK EXCHANGE. Leh Vail R R gen 5s series_____2003 Leh V Ter B y 1st gu g 5s_____1941 Lehigh & N Y 1st gu g 4s_ 1945 _ Lex & East 1st gu 5s________ 1965 Little Miami gen 4s ser A ____1962 Long Dock cons gold 6 s_____1935 Long Isl 1st cons g 5s____July 1931 1st cons gold 4s_____ July 1931 Gen gold 4s_______________ 1938 Gold 4s__________ __________1932 Unified gold 4s_____________ 1949 Deb gold 5s_______________ 1934 20-year deb 5s_____________ 1937 Guar ref gold 4s___________ 1949 N Sh Bch 1st cons gu 5s_ Oct ’32 _ Louisiana & Ark 1st 5s_______ 1927 Lou & Jeff Bridge gu g 4s_____1945 Louisv & Nashv gold 5s_____ 1937 Unified gold 4s____________ 1940 Registered_______________ 1940 Ooll trust gold 5s__________ 1931 10-year secured 7s__________ 1930 1st S ref 534s series A ______ 2003 c 1st & ref 5s series B ________ 2003 1st & ref 434s series O______ 2003 N O & Mobile 1st g 6 s_____ 1930 „ 2 d gold 6 s.............................1930 Paducah & Mem D iv 4s____1946 St Louis Div 2d gold 3s____ 1980 — L & N M ob & M 1st g 434s__ 1945 M S L & N-Sou M on joint 4s______ 1952 J J Registered--------------- July 1952 Q J Louis Cin & Lex g 434s_______ 1931.M N Sales in May Par Value. Price Jan. 2 1925. Bid. Ask. 119.000 9934 Sale 14.000 9934 28.000 83 34 8534 35,000 103 34 105 82 34 10734 5.000 99 9934 1.000 9234 57,000 8834 8834 14.000 8334 85 16.000 9534 57.000 8734 88 135.000 8234 8234 6,000 99 9934 6,000 99 9934 25.000 82 83 1,000 102 34 10334 144.000 9234 Sale 8734 90 4.000 100 10034 123.000 10734 10734 24.000 10434 Sale 48.000 10234 Sale 373.000 92 9234 3.000 10534 m 10534 8634 89 34 60,000 6234 6434 5,000 9434 97 39,000 8134 8234 7634 8,000 98 9934 5,000 10134 19.000 59 62 12.000 67 29,000 98 9934 Sale 64 10034 4,000 9834 12,000 9634 7734 13.000 7934 82 34 52.000 9634 97 3,000 9334 93 34 10.000 10034 9934 100 9,000 8734 15.000 8734 47.000 87 Sale 8034 23.000 9834 74.000 5134 Sale 20.000 133,000 2134 22 26,000 13 16 $ Nash Fla & Sheff 1st gu g 5s__1937 F A National R y o f Mexico— _ Prior lien 50-year s f 434s_ 1957 January 1914 coupon on ____ July 1914 coupon on_______ July 1914 coupon o ff_______ Assenting s f red June coupon _ Guar 70-year s f 4s_________1977 April 1914 coupon on_____ April 1914 coupon o ff_____ Gen s f 4s assent redeemable_ _ Nat R R Mex pr lien g 434s_ 1926 _ July 1914 coupon on__________ July 1914 coupon o ff__________ Assenting with July '24 coup. First cons gold 4s__________1951 April 1914 coupon on _________ April 1914 coupon o ff________ Assenting with Apr 1924 coup_____ Naugatuck R R 4s_____________ 1954 M N New England R R cons 5s______ 1945 J J Cons 4s_____________________1945 N J June R gu 1st 4s_________ 1986 N O & N East ref 434s A _____1952 New Orleans Term 1st 4s_____ 1953 N O Tex & Mex 1st 6 s series A . 1925 Non-cum income 5s series A . 1935 First 5s series B ____________ 1§54 First 534s series A __________ 1954 A O Temporary______________________A O Npt & Cin B gen gu g 434s--------1945 J J N Y & Bklyn & M B cons g 5s.l§35 A O N Y Cent R R conv deb 6 s____ 1935 M N Registered___________________ M N Consol 4s series A ___________ 1998 F A R ef & impt 434s series A ____2013 R ef & impt 5s series C ______ 2013 Registered___________________ N Y C & H R g mtge 334s___ 1997 Registered_______________ 1997 Debenture gold 4s_________ 1934 Registered___________________ 30-year deb 4s o f 1912_____ 1942 Registered___________________ Lake Shore coll g 334 s______ 1998 Registered_______________ 1998 5,000 10034 RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. Bid. 10034 102 8334 10634 84 10834 101 9334 8934 90 8334 97 8834 8334 99 9934 85 10434 9534 9134 10034 107 108 10434 9434 10434 10354 8934 6234 9634 Lowest. May 29. Ask. Bid. Sale 11034 10034 8634 10734 107 84 10834 10034 9334 Sale 8934 90 93 8434 8434 97 98 8934 8934 Sale 84 9934 9934 100 9934 8534 8634 10234 Sale 9534 8734 10134 101 Sale 10734 Sale 10534 Sale 105 Sale 9434 107 10434 103 9034 Sale 63 34 8534 8334 8534 9934 '9934 101 104 Lowest. Highest. 10134 Sale Sale Sale 9534 107 101 106 10534 104 94 10434 M ay M ay M ay M ay M ay M ay 20 4 27 21 4 14 10134 10734 108 105 9534 10434 M ay 5 10034 Jan. 26 103 Jan. 11 M ay 25 10534 Peb. 27 10734 Jan. 8 M ay 1 10434 Jan. 2 10834 Apr. 13 M ay 8 10134 Jan. 3 10534 Apr. 25 M ay 14 92 Jan. 7 9534 M ay 14 M ay 8 10434 Feb. 3 10454 M ay 8 Sale 62 M ay 1 65 M ay 18 8634 9734 M ay 12 9734 M ay 12 Sale 83 34 M ay 4 8634 M ay 21 9934 ------ 9834 M ay [10134 10334 101 7 9934 M ay 14 17 3034 4,000 1834 Sale 1734 18 58,000 1,000 4.000 10,000 23.000 43.000 291.000 353.000 344.000 185.000 3.000 70.000 136.000 22 2634 3134 Sale 18 73 34 9434 81 7834 ' 8 1 " 8234 8134 86 85 87 8934 8254 8034 81 10134 10134 10054 9234 9234 9634 91 Sale 9534 10054 98 Sale 10034 93 34 9234 94 99 10034 9934 10634 11134 Sale ____ 19 72 _____ qo 8334 86 9034 8434 101 9634 Sale Sale Sale 95 Sale Sale 281,000 181,000 980,000 8234 8334 8534 Sale 9134 Sale 8834 90 10134 Sale 9934 Sale 133.000 7634 7434 9334 9234 9134 2,000 195.000 2,000 116,000 29,000 Sale 7634 Sale ------92 7534 7534 7334 76 27 7 3 20 9034 65 9734 8634 Feb. M ay M ay M ay 14 18 12 21 9934 Mar. 9 9834 Jan. 10154 M ay 26 17 6234 M ay 11 2 6634 M ay 29 Jan. 13 3 100 30 84 J an. 3 Feb. 10 22 101 28 10034 M ay 28 31 9134 M ay 29 M ay 22 81 M ay 4 9634 M ay 27 88 M ay 25 100 100 94 M ay 5 8534 8734 M ay 21 83 8834 M ay 19 8654 Feb. Jan. Mar. M ay Jan. Apr. Apr. Jan. 3 2 26 12 8 7 8 7 22 4 27 12 86 9734 91 10034 M ay M ay M ay M ay 26 11 29 14 86 98 9334 10034 10034 94 9134 8834 M ay Apr. Jan. Mar. Jan. M ay Jan. Apr. 22 24 8 10 9 5 15 13 Jan. 8 10154 Jan. 2 6234 M ay 14 60 Apr. 29 26 Apr. 21 2134 M ay Mar. M ay Peb. Feb. 28 25 25 6 7 8634-M ay 6 8434 Apr. 30 90 9654 M ay 23 9454 Apr. 28 10054 103 34 M ay 1 10234 Jan. 2 10434 10034 M ay 7 100 Jan. 2 103 8634 M ay 14 8334 Apr. 14 9034 Feb. Mar. Mar. Jan. Feb. 10134 62 60 2234 18 M ay M ay M ay M ay M ay 28 29 25 28 23 12 10034 M ay 4 15 9334 M ay 15 1 8534 M ay 21 9854 5134 5834 19 % 1334 9934 Jan. 22 10034 M ay 4 91 Jan. 19 94 Apr. 20 8034 Mar. 11 8534 M ay 21 1 9534 1 80 4 104 1 8734 M ay 19 86 Jan. M ay 4 7134 Jan. M ay 13 10134 Jan. M ay 7 7634 Jan. 1 1 1 1 M ay M ay M ay M ay 9034 10034 10234 67 M ay M ay M ay M ay 26 1 0 2 3 4 M ay M ay 29! 90 28 9934 M ay 8 10034 M ay 100 7934 7734 103 34 15’103 34 M ay 5 82 M ay 12 102 M ay 26 83 12 100 20 99 26 6234 8434 12 100 11 76 10 76 4 10234 26 102 29 8134 1 9634 20 9954 8434 11034 20 10134 14 7634 29 10034 Jan. Jan. Jan. Mar. .Tan. M ay Feb. M ay Jan. Feb. Jan. Mar. May Feb. Feb. Jan. Jan. Jan. 5 2 5 2 9534 80 10434 89 M ay 19 M ay 4 Apr. 3 Jan. 31 9034 M ay 26 Peb. 9 101 10234 M ay 20 67 M ay 26 89 54 Feb. 17 M ay 12 100 7934 M ay 11 7734 M ay 20 10334 Jan. 10 104 Apr. 3 90 Anr. 6 99 34 M ay 1 10034 Mar. 7 31 85 Peb. 4 7' 110 54 Feb. 7 20 10334 M ay 20 17| 82 M ay 14 9 102 Apr. 1 M ay 21 10134 M ay 13 10054 Feb. 27 10154 M ay 13 19 Apr. 30 19 Apr. 30 1634 Sale 1634 M ay 29 1834 M ay 1 1434 Apr. 1 2134 Jan. 21 1534 Sale 1634 M ay 28 1734 M ay 1 1434 Apr. 3 1934 Jan. 21 1 29 Apr. 20 3234 Jan. 23 15 Mar. 31 20 Jan. 23 9534 Feb. 24 96 M ay 16 26 20,000 Mar. Apr. Feb. Jan. Feb. Apr. Mar. Jan. Mar. Jan. M ay Mar. 10134 6234 6634 99 27 14 8934 6134 96 8134 99 5934 6334 97 34 8254 100 34 28 10034 M ay 28 10034 29 9134 M ay 29 9134 26 21 29 14 27 80,000 Highest. Sale Prices. Sale Prices. Sale Prices. 10134 May 22 9834 Jan. 2 10154 M ay 22 10234 M ay 20 10134 Jan. 8 10234 M ay 20 8734 M ay 18 8434 Mar. 26 89 Feb. 28 107 M ay 11 10334 Jan. 5 107 M ay 11 8334 Peb. 19 84 Apr. 1 107 34 Feb. 14 108 Jan. 23 10234 10134 M ay 14 10234 M ay 25 99J4 Mar. 23 10234 M ay 25 94 M ay 6 9434 Mar. 13 94 M ay 95 94 M ay 9134 M ay 22 8934 Jan. 15 9134 M ay 22 8934 M ay 8934 Mar. 17 9034 Mar. 28 93 Sale 85 M ay 26 8234 Peb. 4 85 M ay 26 84 M ay 98 M ay 5 9534 Feb. 2 98 M ay 5 9734 M ay 92 M ay 16 8734 Jan. 6 92 M ay 16 9034 89 M ay 8534 M ay 11 82 Jan. 26 8534 M ay 11 8434 8334 M ay 99 M ay 100 M ay 25 9834 Apr. 16 10034 Peb. 9 100 M ay 26 9934 Jan. 5 10134 Peb. 16 100 9934 M ay 87 M ay 28 83 Jan. 3 87 Peb. 20 8534 M ay 10434, M ay 7 10254 Feb. 10 10534 Mar. 30 10434 10434 M ay 9534 M ay 2 9134 Jan. 8 9534 M ay 2 9534 9434 May Ask. Sale Prices. 10134 10034 M ay 10134 M ay 14 85 M ay 10834 10634 M ay 14 Mahon Coal R R 1st 5s............ 1934 . 10134 M ay 10134 103 10134 103 Manila R R South lines 4s___ 1939 ! 6234 Sale 6034 M ay 6034 61 „ 1st 4s................. ......................1 9 5 9 : 60 ... 6634 Sale 6634 M ay Mam to S W Coloniz g 5s_____1934 , 9834 9934 9934 ------- 99 M ay Man G B & N f f 1st gu 334s..1941 , 8234 Michigan Central 5 s__________ 1931 ! 10054 102 10034 Registered______________ 1931 10034 _____ 10034 M ay 10034 --■ 4s -----------------1940, 91 ... 9134 Sale 9134 M ay Jack L & S gold 334s.............1951 7734 7734 ------1st gold 334s___________ 1952] 8534 8634 8534 M ay 8534 20-year debenture 4s_______1929 . 9734 M ay 9734 9734 9734 Sale Midland o f N J 1st ext 5s........ 1940 . M ay 88 9134 9034 9134 91 M L S & West ext s f 5s_____ 1929 ! 9934 10054 9934 ------- 100 M ay Ashland D iv 1st g 6 s_______1925 I M il & Nor 1st ext 434s (blue).1934 . 8734 8734 M ay 8534 Cons ext 434s (brown)______ 1934 , 87 34 8734 86 M ay 8534 86 M il Spar & N W 1st gu 4s____ 1947 1 8734 8834 8834 8834 88 M ay Milw & S L 1st gu 334s_______1941 . 8034 8054 Minn & St L 1st gold 7s______1927 . 99 34 103 10134 10234 101 M ay 1st cons gold 5s____________ 1934 ’ 62 Sale 5934 M ay 5934 61 Temp ctfs of deposit__________ 55 5834 M ay 5854 1 st & refund gold 4s________ 1949 J 20 Sale 20 M ay 2234 24 Ref & ext 5s series A _______ 1962 < 1334 M ay 1334 1434 1434 Sale 1st guar g 7s---------------------- 1927 . 100 9934 118,000 8634 Sale M St P & S S M 4s stpd______1938 ( 8434 M ay 8534 Sale 8534 Sale 1st cons 5s--------------------------1938 . 49.000 9834 99 9534 9634 9534 9734 9534 M ay 1 0 -yr coll tr g 634s_________ 1931 1 133,000 10234 Sale 103 34 Sale 10334 Sale 103 M ay Sale 10034 Sale 100 M ay 1st & ref 6 s series A ________ 1946 : 85.000 10034 Sale 100 25-year g 534s---------------------1949 1 82.000 8534 Sale 8434 May 8434 Sale 8534 Sale M S t P & S S M & Cent Term 1st Chic Term s f 4s______ 1941 1 9234 _____ 9234 ------- 9234 — 22,000 9934 ------- 100 M S S M & Atl 4s stpd_____ 1926 J Sale 9934 100 9954 M ay 3,000 92 Mississippi Cent 1st 5s_______ 1949 i 93 34 9334 M ay 9234 9334 93 34 93 85 Sale 83 Sale 235.000 8134 Sale M o Kan & Tex 1st g 4s_______ 1990 J 83 M ay Missouri-Kansas-Texas RR — 698.000 8634 Sale 94 Sale Prior lien 5s series A ________ 1962 l 9534 Sale 9334 M ay 79 Sale 78 Sale 267.000 7134 Sale 40-year 4s series B __________ 1962 ( 7734 M ay 127.000 10134 Sale 1 0 -year 6 s series O__________ 1932 ( 10334 Sale 10334 104 10334 M ay 4.912.000 7634 Sale 8634 Sale 8534 Sale Cum adjust 5s series A _ Janl967 J _ 8434 M ay Missouri Pacific R R Co— Sale 639.000 8334 Sale 1st & refund 5s series A _____1965 1 8734 M ay 8734 Sale 166.000 100 Sale 1st & refund 5s series C _____1926 i 10034 Sale 10034 Sale 10034 M ay 891,000 9934 Sale 1st & refund 6 s series D ____1949 1 10034 Sale 10134 Sale 10034 M ay 4.975.000 62 34 Sale 64 34 M ay General 4s_________________ 1975 1 66 34 Sale 6434 Sale 87 M o Pacific 3d 7s ext at 4 % ...1 9 3 8 1 8534 8454 5.000 9534 100 M ay Mobile & Birm prior lien g 5s. .1945 J 9954 9834 16,000 77 79 Mortgage gold 4s__________ 1945 J 7934 M ay 7934 7934 78 ____: S m a ll_______________ 4.000 76 7734 76 M ay 7634 7034 7634 75 17,000 10234 103 34 10334 104 Mobile & Ohio 1st g 6 s . . . . . . .1927 J 10234 103 34 10234 M ay 2.000 1st extension g 6 s______ July 1927 ( 10234 10234 10334 10234 10334 10234 M ay Sale 90 90 M ay 1,000 8434 General gold 4s_____________1938 J 8634 10,000, 9734 Montgomery D iv 1st g 5 s___1947 1 9954 M ay 9934 9934 Safe 25,000! St Louis Division 5 s________ 1927 J 10034 9934 M ay 9934 9934 100 10034 Mohawk & M ai 1st gu g 4 s . . .1991 I 8534 95 85 34 95 8534 Mont Cent 1st gu g 6 s_______ 1937 J 11034 11234 11034 11234 11034 113 15.000 10134 103 1st guar gold 5s_______ _____ 1937 J 10234 May 10154 10334 103 80 M ay 35.000 7734 Sale 8134 Sale 7934 Morris & Essex 1 st gu 3 3 4 s___ 2000.J _ Sale 10134 M ay 94.000 10034 102 Nashville Chat & St L 1st 5S..1928 A IO 10134 Safe 102 17 BONDS—STOCK EXCHANGE RECORD ____ 2834 3034 29 M ay 5 3134 M ay 1534 Sale 7334 -----9434 96 M ay 16 96 1534 M ay 29 18 M ay 96 M ay 16 8134_____ 86 May 9034 Sale 8934 M ay 83 843i 8254 May 10034 M ay 10034 101 98 Sale 9634 May 9734 Sale 9534 May 102 Sale 10034 May 10234 Sale 10034 May 9434 M ay 9334 -----100 ----- 9934 M ay 10834 Sale 10634 M ay 8554 Sale 9234 93 10134 Sale 7854 Sale 78 7834 9434 Sale 9234 ------9134 9234 7834 7834 9534 9234 9134 7634 Sale 7534 80 77 34 Sale 7634 78 8534 M ay 9134 M ay 10154 M ay 86 9034 8434 10134 9834 9734 10234 10334 9434 9934 10934 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 1 87 M ay 1 9334 M ay 1 10234 M ay Sale 7834 M ay 1 7834 M ay 2 79 9434 M ay 1 Sale ------9234 9134 M ay 21 7934 M ay 7834 M ay 9534 M ay 9154 M ay 7634 M ay 20| 78 M ay 7554 M ay 6, 7634 M ay 1 13 86 M ay Jan. 29 86 4 80 34 Jan. 6 10034 M ay 21 92 34 Jan. 29 9034 Jan. 23 98 Jan. 22 10034 Apr. 18 93 34 Feb. 1 9934 Mar. 12 106 Apr. 106 Apr. 15 8234 Jan. 18 8854 Jan. 1 99 Jan. 9934 Jan. 6 75 Jan. 2 7434 Jan. 4 9334 Jan. 92 34 Mar. 5 91 Mar. 93 Feb. 15 7434 Jan. 15 74 Mar. M ay 13 86 9054 M ay 29 8454 M ay 4 10134 Feb. 9 9834 M ay 2f 9734 M ay 29 10234 M ay 23 10334 M ay 22 9434 M ay 18 100 Jan. 28 11734 Jan. 7 11634 Jan. 29 87 M ay 15 9334 M ay 18 10234 M ay 1 10134 Apr. 16 79 54 M ay 6 7834 M ay 2 96 Mar. 3 9234 Jan. 6 9254 Jan. 14 93 Feb. 10 78 M a y jl5 7634 M ay'15 18 |Y ol. 120, BONDS—STOCK EXCHANGE RECORD BONDS N. Y. STOCK EXCHANGE. Sales in May Par Value. Price Jan. 2 1925. RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. May 29. Lowest. Bid. N Y Cent & Hud River (Concl)— Ask. Bid. Sale Prices. S Ask. Bid. Ask. Sale Prices. M ich Cent coll g 3% s______ 1998 F A 17,000 75 M 76 M 76 M 76 % M ay 14 78% M ay 29 78 M Sale Registered_______________ 1998 F A 73 M 80 80 75 M 80 N Y Chic & St Louis 1st g 4s_ 1937 A O _ 92% M ay 11 M ay 8 43,000 90 M 92 92 % 93 % 92 M Sale Registered____________________ A O 88% 89 91 % 89 M 25-year debenture 4s_______ 1931 M N 93 M 94% 94 % 95 87.000 93 Sale 94 M M ay 8 95% M ay 26 2d & impt 6s A B & C ______ 1931 M N 143,000 102 M Sale 103 M Sale 103 M Sale 103 M M ay 1 103% M ay 4 Refunding 5% s Series A ____1974 A O 1,240,000 94 Sale 95 % M ay 1 98 M ay 22 98 Sale 95 M Sale N Y Connecting 1st gu 4% s A.1953 F A Sale 92% M ay 11 93 M ay 5 44.000 90 92 V Sale s 92 M 93 N Y & Erie 1st ext g 4s_______ 1947 M N 92 89 89 89 92 3d ext gold 4 % s____________ 1923 M S 1,000 91% 95 M M ay 15 95% M ay 15 93 % 95 M 4th ext gold 5s______________ 1930 A O 100% M ay 19 100% M ay 19 6,000 99 M 100 % 100% 6th ext gold 4s______________ 1928 J D 97% 98 98 N Y & Greenw L guar g 5s____1947 M N 92 92 84 % N Y & Harlem g 3 % s_________ 2000 M N 78% 83 M 79 M 79 M 82 Registered__________________2000 M N 79 N Y Lack & West 1st 5s A ____1973 M N 1st & ref guar 4%8 Ser B ____1973 M N 100_____ N Y Lake Erie & West ext 7s._1930 M S 103 M 109 106M 107M 106 M ___ • Dock & impt ext 5s________ 1943 J J 9 9 % ------ 100 M _____ 100 M ___ N Y & Jersey 1st 5s___________1932 F A 00% M ay 5 100% M ay 15 27,000 99 M 101 99 % 100 100% 101 _ N Y & Long Branch gen 4s_ 1941 M S 8 9 % -----9 0 % _____ N Y New Haven & Hartford— Non-conv debenture 4s_____1947 M S 13,000 61% Sale 65 M M ay 18 66% M ay 6 6 6 % 66 65 M S Registered_________________ ____ 67 K Q Sale Non-conv debenture 3 % s___ 1947 A O 3,000 56 59 M M ay 25 61 M ay 2 58 M 61 Non-conv deben 3% s_______ 1954 A O 29.000 56 % Sale 54 % 56 57 M " 5 8 " 56 M ay 6 60 M ay 27 M ay 2 65 M ay 7 Non-conv debenture 4 s ____ 1955 J J 81.000 59 M 61% 61M 63 62% 64% 63 63 M ay 1 64 M ay 18 Sale 44.000 60 Non-conv debenture 4s_____ 1956 M N 63 Sale 64 Sale 53 M ay 27 57% M ay 21 33.000 86 Sale 57 Sale Convertible debenture 3 %s._1956 55% 56 87% M ay 1 92% M ay 21 Sale 1,250,000 87 Convertible debenture 6s____1948 88 Sale 92 M Sale 86% M ay 19 88% M ay 21 14.000 Registered____________________ 85 90 96 Sale 90 M M ay 1 96 M ay 28 515,000 Collateral trust 6s___________1940 90 M Sale 97 Sale 7s European loan dollars____ 1925 96 Sale 7s European loan francs____ 1925 A O 55 M ay 1 61 % M ay 22 55 Sale 60% Sale 192,000 54 M Sale Debenture 4s_______________ 1957 M N Consolidated Ry non-conv 4s 1930 F A 63% M ay 63% M ay 25 9.000 55 M 63 M Non-conv debenture 4s_ 1954 _ 63 M ay 63 M ay 6 2.000 54 M Non-conv debenture 4s_ 1955 _ 63% Non-conv debenture 4s_ 1955 _ 57 M M ay 21 63% M ay 15 27,000 54 M Non-conv debenture 4s___1956 63% 64 67% 68 N Y & Northern 1st g 5s_____1927 100% 100% 100 Vs Sale 13b',666 67% Sale 67 69 M 69 M 67 M ay 1 70% M ay 6 N Y Ont & West 1st g 4s. June 1992 M S 63 M Reg $5,000 only______ June 1992 M S 64 M 65 M 63% 65% 63% M a y " ! 66% M ay 9 63 4 5 ",666 65 General 4s............... 1955 J D 63 M Sale 56 M Registered . i _________________ J D 60 M 87% 85% N Y Prov & Boston gen 4s____1942 A O 86 M Sale 87 87 M ay 1 87% M ay 4 Sale 7,000 81% 82% 87 N Y & Putnam 1st con gu g 4s_1998 A O 100 101 100 N Y & Rockaway Bch 1st g 5s. 1927 M S 99 M 74 M ay 19 73 70 M ay 5 ii3",666 67 Sale 20% Sale N Y Susq & West 1st ref g 5s. .1937 J J 62 59 Second gold 4 % s____________1937 F A 59 M 66 % 59 M 66h 62 M ay 28 61 59 % M ay 18 29,000 61M Sale 53 60 General gold 5s_____________ 1940 F A 97 95 92 95 96 94 Terminal 1st gold 5s________ 1943 M N 65 M ay 1 70 M ay 22 68% Sale Sale 845.000 61M Sale 65 N Y Westches & Bos 1st 4%s__1946 J J 82% Sale 80 % M ay 1 83% M ay 18 293.000 82 M Sale 80 % Sale Nord Rys s f 6 Ms int rects____1950 A O 74%. M ay 1 79% M ay 6 75 % Sale ' 80% Sale 617.000 71% Sale Norfolk South 1st & ref 5s A . . 1961 F A 96 % 91% Norfolk & South 1st g 5s______ 1941 M N 96 M 108 107M 108 M 107 M 108M 107 _ Norfolk & Western gen g 6s_ 1931 M N 108M 107 M Improvement & ext g 6s____ 1934 F A 107 M 106% 107M New River 1st gold 6s_ • _ ___1932 A O 107M 92- Sale 91 % M ay 92% M ay 16 110,000 88 M Sale 91% Sale N orf & West Ry 1st con g 4s_1996 A O 87% M ay 89 M ay 16 87% 2 ,0 0 0 87M Registered------------------------1996 A O M ay 11 92 0 1 % 90 M ay 151.000 89 M 91 90 Div 1st & gen g 4s_______ 1944 J J 91M Sale M ay 132 M ay 25 183.000 131M Sale 130 M Sale 131 % Sale 129 10-year convertible 6s____ 1929 M S 0 1 % Sale 01% M ay 91% M ay 20 17.000 90% 91 91M 92 Pocahontas C & C joint 4s. 1941 J D 103 M ay 18 23.000 101 102 % 102 % 102 % 102 M Sale 102 M ay North Cent gen & ref 5s A ____1974 M S 87% M ay 4 s 11.000 87 M 87 M 86 % 87 M 88 M 89 M 86 V M ay Northern Ohio 1st gu g 5s_____ 1945 84% M ay 86% M ay 23 85 % Sale 84 % Sale 431.000 84 M Sale Northern Pacific prior lien 4 s .. 1997 84% M ay 20 83% M ay 83 84 % 84 M Sale 60,000 83% Sale Registered__________________1997 61% M ay 25 61% 61% 60% M ay 233.000 60% Sale 60 M Sale Gen lien ry & Id gt 3s_.Jan 2047 59 % 59% M ay 59 % 59% M ay 4 27.000 Registered___________ Jan 2047 83% M ay 86% M ay 29 83% Sale 54.000 85 M Sale 86 M Sale R ef & impt 4% s Series A _ 2047 _ Registered___________________ 372.000 106% Sale 105 % Sale 107 Sale 105% M ay 1 107% M ay 21 R ef & impt 6s Series B _____ 2047 105 M ay 11 106% M ay 26 105.000 Registered___________________ 97M 95% M ay 7 97% M ay 23 118.000 95 96 M 95% 96% 97 R ef & impt 5s Series C _____ 2047 95 % M ay 12 97% M ay 23 06% Sale Sale 232,000 ------- 96 M 96 R ef & impt 5s Series D _____ 2047 St Paul & Duluth 1st 5s____ 1931 F A 100 M ......... 102 M _____ 100 % ____ 84% M ay 84% M ay 4 84 Vs 87 35,000 80 % ------1st consol gold 4s________ 1968 J D 109% M ay 14 3,000 109M 109% 1 0 9 % _____ 1 0 9 % _____ 109% M ay North Pac Terminal 1st 6s____ 1933 J J Northern R y o f Calif gu 5s____ 1938 A O 100 M ------- 103M 105.. 104 M _____ _____ 100 _____ 100 North Wisconsin 1st 6s_______ 1930 J J 72% M ay 8 75 M ay 14 74 78 7,000 70 % 73% 72% 73 Ogden & Lake Ch 1st gu g 4 s ..1948 J J 91 90 V s 90% Ohio Connecting R y 1st 4s____ 1943 M S 87% 88 M 85 % J Ohio Lnd & W 1st pref 5s_.Apr 1938 101% M ay 102 101% M ay 2 103 100 31.000 99 % D Ohio River R R 1st g 5s_______ 1936 99 M ay 18 08% 100% 99 M ay 1,000 98 _____ 98% General gold 5s_____________ 1937 A O M ay 101% M ay 13 78.000 100% Sale 101% Sale 101 - . 101 % 101 Oregon & Calif 1st gu g 5s_____1927 J J Sale 90% M ay 18 90 M Sale | 89 M ay 89.000 88 M 88 M 89 Oregon R R & Nav con g 4s____1946 J D 107 M ay 7 106M 105M 110 106 M ay 49.000 104 Sale 106 Oregon Short Line 1st con g 5s. 1946 J J 107 M ay 8 106M 105 M 106 M 106 M ay 32.000 105 Sale 106 Guaranteed con 5s__________1946 J J 97 M ay 97% Sale 97 % M ay 22 Sale 97 303.000 96 % Sale J D Guar refunding gold 4s_____ 1929 Sale M ay 85 M ay 21 83 84 83 M Sale 585.000 82 Sale Oregon-Wash 1st & ref 4s_____ 1961 J J Sale 91% M ay 14 92 May 29 16.000 80 82 90M 92 % 92 Pacific Coast Co 1st g 5s______ 1946 J D 91% M ay 28 92 M ay 5 01% 91 21,000 89 % 90 M 91 Pacific R R o f M o 1st ext 4s_ 1938 F A _ 99% M ay 5 100 M ay 18 99 M 100 99 M 6,000 98 M 2d extended gold 5s________ 1938 J J May 96 M ay 15 98 % 96 95% 08% 96 10,000 93% 96 Paducah & Illinois 1st s f 4% s.-1955 J J 74 M ay 79% M ay 19 78 M Sale 74 M Sale 668.000 79 M Sale Paris-Lyons-Med RR 6s______ 1958 F A 8 6 % Sale 83% M ay 87% M ay 19 83 M Sale 472.000 87% Sale Sink fund extl 7s____________ 1958 M S 84 M 84 M 82% M ay 87% M ay 19 82 M Sale 159.000 88 Sale Paris-Orleans RR s f 7s_______ 1954 M S 99 % 100 98% M ay 100 M ay 25 98 M 99 63.000 97% 98 Paulista R y 1st & ref 7s______ 1942 M S 05% Sale 92% M ay 95 M ay 8 94 M Sale 75.000 91M Penn R R consol gold 4s_______ 1943 M N 92% M ay 94% M ay 1 94 M Sale 92 M 93 35.000 91M Sale Consol gold 4s______________ 1948 M N 92% M ay 11 92 M 95 92 M 92% May 19.000 90 M Sale Stamped dollar bonds____1948 M N Sale 99% M ay 100 M ay 1 99 M Sale 186.000 Sale 100 Consol 4 K s issue o f 1915___1960 F A 93 M ay M ay 28 94 93 % Sale 93 M Sale 534.000 93% Sale General 4 % s Series A _______ 1965 J D 1 02 % M ay 2 A 341.000 101% Sale 102 3 Sale 102% Sale 101% M ay General 5s Series B _________ 1968 J D 108% M ay 8 305.000 108% Sale 107% Sale 108% Sale 107% M ay 10-year secured 7s_________ 1930 A O 110% M ay 5 289.000 110 Sale 110M Sale 110% Sale 110% M ay 15-year secured 6% s____ 1936 F A Sale 97% M ay M ay 29 98 98 97 M Sale 826.000 98% Sale 40-year 5 s _________________ 1964 M N Pennsylvania Co— 86 % 87 % 86% M ay 16 86% M ay 16 3.000 84% 85% 86 Guar 3% s coll tr reg ctfs_ 1937 M S _ 83 % 84 M 83% 84 M 83% M ay 18 83% M ay 18 4.000 83 84 Guar 3% s coll tr ctfs B _____1941 F A 82% 84 82% 84 82 84 Guar g 3 Ms tr ctfs Series C . .1942 J D 82% 82 M 82% M ay 82% M ay 2 82 5.000 82 Guar g 3% s tr ctfs Series D__ 1994 J D 95% M ay 95% M ay 25 17.000 94% 95% 95M 95% 05% 96 Guar gold 15-25-year 4s____1931 A O 85% M ay 85% M ay 23 85 M 87 85 M 87 Sale 8.000 85 40-year guar tr ctfs 4s Ser E.1952 M N M ay 25 81 80 80 M 81% 79 M ay 76.000 76% 78% 79 Peoria & East 1st cons 4s_____1940 A O Sale 34 % Sale M ay 23 32 M ay 36 32 96.000 35% Sale Incom e4s__________________ 1990 A p r M ay 13 99% 99 M 100 101 100M 99% M ay 72.000 Peoria & Pekin Un 1st 5Ms A . .1974 A O 99% M ay 100 % M ay 9 99 M Sale 110% Sale 203.000 98% Sale Pere M arq 1st 5s Series A _____1956 J J 83% M ay 85 Sale 85 M ay 29 83 M Sale 96.000 82 1st 4s Series B ____j ._________1956 J J M ay 8 94 92 % 93 M ------- 93% M ay 31.000 92% 100 Phila Balt & Wash 1st g 4s____1943 M N 108 M ay 22 106 % Sale 106 M 108 106% M ay 17.000 103 103% General 5s Series B _________ 1974 F A Sale 41 M ay 42% Sale 42 43% M ay 2 129.000 Philippine R y 1st 30-yr s f 4s. .1937 J J 107 M ------107 M Pine Creek registered gu 6s------1932 J D 97 M ay 7 97 M ay 7 97% 96 % 97 M 99 M Sale P C C & S t L g u g 4 % s Series A.1940 A O 1 24,000 96 96% M ay 11 96% M ay 11 96 % 97 % 99 % Sale 96 97 Con 4% s Series B guar_____ 1942 A O 1 1,000 95 ------94 % 96 96% Con 4 Ms Series C guar_____ 1942 M N 9 3 % ------- 93% M ay 18 93% M ay 18 92 5,000 89% Sale Con 4s Series D guar_______ 1945 M N 93 M ------91% 89% Con 3Ms Series E guar g____1949 F A 9 3 % ------91% Con 4s Series F guar g ______ 1953 J D 89 M ......... 9 3 % ------- 93% M ay 15 93% M ay 15 2,000 89 M ------% Con 4s Series G guar_______ 1957 M N M ay 7 93% M ay 21 93 M ------- 92 19.000 8 9 % ......... 91M Con 4s Series H guar_______ i960 F A 96 ------- 95% M ay 7 96% M ay 11 95% 96 31.000 9 % ------Con 4M s Series I guar______ 1963 F A 95 M ------- 94 % M ay 1 94% M ay 1 4,000 94 M ------94 M Sale Con 4Ms Series J guar______1964 M N 216,000 100 % 100 % 99 % Sale ------- 99% 99% M ay 5! 100 M ay 4 Gen 5s series A _____________1970 J D Registered___________________ J D _ _ 99% 99% 99 M ay 7 99% M ay 4 | 99 M Sale General g 5s ser B temp_____1975 A 0| 1,284,000 1 Highest. Lowest. Highest. Sale Prices Jan. 6 75 75% Apr. 13 Jan. 6 91 Jan. 19 89 92% Jan. 9 102% Jan. 2 93% Jan. 2 Jan. 2 90 Mar. 12 89 95% M ay 15 99 Mar. 14 Sale 78% 75% 94% 89 96% 104% 98 93 89 95% 100% Prices. M ay 29 Apr. 7 Apr. 27 Jan. 19 Mar. 3b Mar. 19 M ay 22 Apr. 22 Mar. 12 M ay 15 M ay 19 91 Apr. 6 92% Feb. 26 75% Feb. 16 78% Feb. 3 100% 106 99% 99% Jan. Mar. Apr. Feb. 61 60 55% 55 60 56 51% 87 83% 91 97 96 53% Jan. Jan. Jan. Apr. Jan. Jan. Apr. Jan. Jan. Apr. Jan. Jan. Jan. 55 62 Jan. Feb. Jan. Jan. Mar. M ay 20 19 13 15 68 Feb. Jan. M ay Feb. Feb. Feb. Feb. M ay Feb. M ay Feb. 100% Feb. 61% M ay 25 3b 2 26 24 28 25 21 25 28 18 26 22 8 64 9 64 Feb. 27 Mar. 4 19 19 8 5 100% 107% 99% 100% 60 61 60 65 65% 59% 92% 90 96 100 % 57% M ay 21 64 Mar. 13 10b Jan. 18 100% Apr. 21 65 F eb. 24 70% M ay 6 63 65 86% 82% 100 66% 61% 59% 93 59% 79% 70% 94% 106% 108% 106 88 86 88% 125% 91 101% 86 83% 82% 60 59% 83% 85% 105% 105 95% 95% Apr. Apr. Jan. Jan. Feb. Jan. Jan. M ay Feb. Jan. Apr. Jan. Mar. Jan. Apr. Feb. Jan. Jan. Jan. Apr. Jan. Jan. Apr. Apr. Apr. Apr. Apr. May Feb. Apr. M ay Apr. M ay Feb. Apr. Feb. M ay Feb. Feb. Feb. Feb. Jan. Feb. Jan. M ay Mar. Apr. Apr. Mar. M ay M ay Apr. Mar. Feb. M ay Mar. Feb. M ay Feb. Mar. Jan. Feb. Feb. M ay Feb. Mar. 21 27 18 4 26 11 19 20 24 24 13 6 14 15 11 20 16 16 18 19 4 18 19 20 2b 13 19 21 18 11 26 24 7 84% 109% 102 103% M ay 4 98% M ay Jan. 21 109% M ay Feb. 21 103% Mar. Apr. 23 104% Mar. 4 14 27 20 69% 65 86 % 87% 100 76 68 66 94 70% 84% 79% 96% 108 108% 108 92% 89 92 134 93% 103 94 86% 84% 62 60 87% 85% 108% 106% 97% 98 71 % Jan. 22 75 98% 99 100% 88% 103% 103% 96% 81% Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. M ay Mar. Feb. M ay M ay M ay Feb. M ay 2 9 12 18 7 8 9 21 90% 98% 94% 70% 80% 80 97 91% 86% 90% 98% 92% 101 % 107% 109% 97% Jan. 6 94 Feb. Jan. 28 98% Jan. Jan. " 100 M ay Jan. M ay 96 Apr. Jan. Apr. 89 Jan. Apr. Jan. 90 Jan. Jan. 100 Feb. 95 Jan. Feb. 94% M ay Jan. Mar. 93 Jan. Jan. 100 Apr. 95 Jan. Jan. 103% Feb. M ay Feb. no Jan. 111 % Mar. M ay Jan. 26 7 18 15 12 5 16 21 20 1 28 14 13 20 13 19 22 86% 83 82% 82 94% 85 77% 31% 99 97% 81% 92% 104 40 105% 96 96 96% 89% 90% M ay Jan. Apr. Feb. Jan. Jan. Apr. Apr. Apr. Jan. Jan. Mar. Jan. Mar. Mar. Jan. Jan. Mar. Jan. Jan. 81 36% 101 100% 85 94% 108 44% 105% 99% 96% 96% 93% 91% Jan. Apr. Mar. M ay Mar. M ay Jan. M ay M ay Apr. Apr. M ay Feb. Mar. Apr. M ay Mar. M ay Apr. 29 8 19 23 7 25 12 13 9 25 14 22 20 14 28 11 30 18 7 90% 91 95 94% 98% Feb. Feb. Feb. Mar. Mar. 17 93% 3 93% 9 96% 5 94% 25il01 M ay M ay M ay Mar. Jan. 15 21 11 20 6 99 Apr. 27 99% M ay 4 82 101% lbO 101% 90% 107 107 97% 85 M ay 14 86 % M ay 16 83% 82% 82% 95% 86% J une, 1925.] Interest Period BONDS N. Y . STOCK EXCHANGE. BONDS—STOCK EXCHANGE RECOKD Pitts & Lake Erie 2d 5s_ Jan 1928 A O _ Pitts M cK & Yough 1st gu 6 s„19 32 J J 2d guar 6s_________________ 1934 .1 J Pitts Shen & L E 1st g 5s_____1940 A O First consol gold 5s________ 1943 .1 J Pitts Va & Char 1st guar 4s___ 1943 M N Pitts Y & Ash 1st con 5s______ 1927 M A 1st gen 4s series A ___________1948 J D 1st gen 5s series B ___________1962 F A Providence Securities deb 4s___ 1957 M S Providence Terminal 1st 4s____ 1956 M S Reading Co gen gold 4s_______ 1997 Registered__________________ 1997 Jersey Central coll g 4s_____ 1951 Gen & ref 4 % s_____________ 1997 Rensselaer & Saratoga 6s______ 1941 Richm & Danv deb 5s stamped. 1927 J J A J M A M J _ Rio Grande June 1st gu g 5s_ 1939 .1 Rio Grande Southern 1st g 4s_.l940 .1 Guaranteed_________________1940 ,T Rio Grande Western 1st g 4s_ 1939 .1 _ 1st con & coll trust 4s series A 1949 A Rock Isl’d Ark & Loui 1st 4 % s. 1934 M Rutland-Canada 1st gu g 4s_ 1949 .1 _ Rutland 1st cons g 4 % s_______ 1941 J J .1 () .1 N () N J D J J J O S J J Sales in May Par Value. 100 % 100 % 87 89 % 86 1,000 ;00% 51,000 50% 81% 23,000 1,000 65,000 235,000 2,000 5,000 5,000 2,000 113,000 135,000 759,000 32,000 14,000 95% 89 93% 110% 99% 74% 100% 92% 5 6 83% 72% 85 % 73% 85% May 29. 95% Sale 95% 94% 94% Sale 89 92% 94 94% 95% 111 % 111 % 100 % 100 % 77 75 79 77% 101 % 100% Sale 100% 94% Sale 94% 6 8 6 6 6 Sale 85% Sale 86 Sale 73% Sale 75 Sale Sale 88% 73% 74 74% Sale 86 75% 76% 77% Sale 78 93% . . . 93% 93% 93% 99% 102 102 ... 101% 93% 94% 94% 95% 96% 84 % Sale 99% 99% 71% Sale Sale 1 0 1 % Sale Sale 94 85% Sale 78% Sale 105% 100 % Sale 90% 96% 101 % 103% Sale 93 80% Sale 74 73 85% Sale Sale 82 80% Sale 90 93% 94% 91% 108 % 109 Sale 99 100 Sale 95% Sale Sale Sale Sale M ay M ay M ay M ay 99% 88 98% 99% 100 99% 96 30 99% 82% Sale 95 Sale Sale _____ 99% 96% 38% Sale Sale 95% 97 8 9 % ------83% 85% 86% 92 57 62 91% Sale 89% 93 99% Sale 96% 98 94% M ay 11 95 % M ay 100% Sale 96 Sale 77% Sale 99% M ay 95% M ay 76% M ay 75% 94 101 7 94 6 100% M ay 28 5 96% M ay 27 1 78 M ay 1 93% M ay 27 103% M ay 100% M ay 92% M ay 88% M ay 105% M ay 100% M ay Mar. Apr. Mar. Feb. M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 96% 100% 100% 86% 83 91 102 78% 105% 109% 102 86 % 84 % 102% 83% Jan. Apr. Jan. M ay 30 15 10 12 Apr. M ay Apr. Feb. Apr. M ay M ay Feb. M ay M ay M ay 16 9 6 20 8 27 14 11 18 14 23 Jan. 7 81 % M ay 13 Feb. 4 95% Feb. 26 Jan. 20 Jan. 20 101 Jan. 9 95% Feb. 28 Jan. 100% M ay Jan. 96% M ay Apr. 16 93 Apr. Jan. 2 89% M ay Jan. 23 100% Jan. M ay Apr. M ay Apr. M ay M ay M ay M ay Jan. 6 20 23 3 29 27 29 9 21 M ay Feb. M ay M ay M ay M ay M ay Apr. M ay M ay Mar. M ay Mar. Apr. Jan. Feb. 102% M ay 85% M ay Feb. 101 Mar. 111 14 17 25 7 20 21 29 13 23 5 10 29 29 14 7 17 28 9 10 19 78 74% 93% 103% 100 % 92% 88% 105% 101 104% 93% 83% 78 90% 90 87% 91% 96% 94% 109% 100% 98 95% 92 89% 7 87% Feb. 7 74 Jan. 6 74 Jan. 8 73 Mar. 20 59% Jan. 22 84% Jan. 13 83% Jan. 26 99% Jan. 8 102% Jan. 26 103 Jan. 90 81 82% 83% 73% 95% 89% 101 103% 109 Jan. M ay M ay M ay M ay M ay M ay Mar. M ay M ay 13 9 6 8 10 22 13 31 8 26 103 87% M ay Jan. Mar. M ay M ay M ay Feb. Feb. Jan. Apr. M ay Apr. M ay M ay M ay M ay Mar. M ay M ay Feb. 20 20 23 28 23 6 27 14 22 24 21 4 5 6 6 19 14 25 25 10 98% 101% 85% 99 102% M ay M ay M ay M ay M ay 18 18 12 29 16 2 87% M ay 20 84 81 M ay 2 97% M ay 21 96% M ay 4 103% M ay 28 99% M ay 23 100 M ay 8 101 M ay 4 88 M ay 6 84% M ay 12 83 M ay 12 83 103 94% M ay 92 M ay 4 88% M ay 103% M ay 26 100% 99 M ay 1 80 M ay 5 73% M ay 1 107 M ay 6 103 M ay 1 111% M ay 6 106% M ay 20 102% M ay 19 99% M ay 2 86% M ay 19 85% M ay 2 88% M ay 25 82% M ay 25 100% M ay 9 103 M ay 1 86% M ay 14 83% Jan. Jan. Jan. Jan. Apr. Jan. Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Apr. 87% 20 81 - 97% 3 103% 14 101 5‘ 88 16! 85% 28 103% 15 94% 2 92 15 103% 15 99% 3 80 2 107 12 5 1 9 2 20 14 5 29 4 98% 101% 85% 99 102% M ay M ay M ay M ay M ay 18 95% 18 100 12 82% 29 96% 16 99 % Jan. Jan. Apr. M ar. Jan. 6 5 9 15 12 15 14 2 99% 99% 100% 100% 99 28 99% 86% M ay M ay M ay M ay M ay M ay M ay M ay 8 9 9 20 19 15 14 14 98% 98% 99% 99% 96% 28 99% 82% Jan. Mar. Feb. Jan. Jan. M ay Jan. Jan. 97 89% 84% 87% 50% 90% 89% 98% 98 84% 104% 103% 92% 100% Jan. Jan. Apr. May Feb. Jan. Jan. Jan. Jan. Jan. Jan. Mar. Feb. M ay 87% M ay 25 89% M ay 13 51% M ay 1 56 M ay 22 93 % M ay 4 94% M ay 4 89 Sale Sale 84% 84% 89 104% Sale 106% 106% 107% 108 103% Sale 103% Sale 103% Sale 91 92% 92% 94% 9 2 % ------100 % 100% 100% 101% 100% 101 9 3 % ------- 9 3 % ------9 3 % ------87% 86 % 88 % 8 6 % ......... 87 87 ------86% 88% 87% M ay 18 89% M ay 4 106% M ay 4 107% M ay 26 103% M ay 6 104% M ay 26 99% M ay 6 99% M ay 28 27 16 8 23 Apr. Jan. Jan. Mar. Jan. Jan. Jan. Apr. Jan. M ay Mar. Mar. Feb. Jan. Jan. Apr. Jan. Jan. Feb. Jan. 1 104% M ay 14 102 92% 83% M ay 25 80 78 M ay 7 72% 90% M ay 20 85% 90 M ay 21 81% 87% M ay 29 80 91% 6 96% M ay 23 94% 5 94% M ay 5 94% 22 108% M ay 29 107% 1 100% M ay 29 95% 97% 22 94 M ay 1 92% 92 88 11 102% M ay 28 100 1 85% M ay 9 81 100% 107% 1 5 1 1 1 90 81 82% 83% 73% 95% 89% 101 103% 109 96 95% 95 96 100% 79 % 101 96% 7 6 89% 75 89% 74% 88% 25 18 31 11 Jan. 6 71 74% Apr. 23 85% Jan. 16 101% Jan. 29 93% Jan. 27 84% Jan. 29 76% Jan. 9 104% Apr. 8 100% Mar. 87 87% 55% 56 94% Sale 8 9 % ------99% Sale 21% 99% 91% 93 83% 99% 85% M ay 96% 98% 97 M ay 101 IM ay 101 83% 84% 85% 83 % M ay Sale 98% M ay 99 99 Sale 102% Sale 102 M ay 90 101 100 99% 99% 99% 99 M ay 99% 99% 99% 99 M ay 100% M ay 100% M ay 100 100% 100 100 99% 98% 99% 98% M ay 31% 27% 31% 28 M ay 99% M ay 99% 99% 100 85% M ay 85% 86% Sale 96% 96% 89% Sale 93% 94% 88 92% 5 81% M ay 13 87% M ay 1 89% M ay 8 100 M ay 16 100% M ay 12 96% Sale Sale Sale M ay 4 M ay 4 M ay 19 M ay 12 77% M ay Sale 87 84 Sale 85% 87 79% 82% 81% 83% 97% Sale Sale 100% Sale 97 96% Sale 100% 101% 99% 100 100% 102 99% 87% 87% 84% 84% 87% Sale 78% 78% 85 78% 103% 101 ------ 103% 94% 93% 93% 95 88 % Sale 91% Sale 91% Sale Sale 103% Sale 100% Sale 103 98% 79% Sale 78% Sale 73% Sale Sale 107 Sale Sale 106 103 107% Sale 109% Sale 110% Sale ---102 99% 100 100 Sale 85% 86% 8 6 % ------86 84% 82% 83% 84 103 103 Sale 102% 102 102 83% Sale 85 86% 83% Sale 6 9 % _____ 69 68 9 1 % ------91% 89% 99% 83% 98 102% 90 99 99 100% 99% 98% 27% 99% 85% 96% 96% 89% 85% 89 52 94 92% 99% 95% 94% 94 96 79% 95% ------- 90% 102% 98% 89% 84% 104% 101 6 4 1 2 99% Feb. 101 79% 79 M ay 9 79% M ay 9 74% Jan. 101 100% M ay 1 100% M ay J1 100% Mar. Sale 94% M ay 29 95% M ay 2 92% Jan. 5 Jan. 6 M ay 6 M ay 27 6 M ay 27 86% 85% M ay 1 89% M ay 14 82% Mar. Sale 73% M ay 1 75 M ay 6 71% Jan. Sale 87% M ay 4 89% M ay 18 85 Jan. 73% M ay 4 74% M ay 14 74 Mar. 75 84 % M ay 6 88% M ay 23 85% Jan. 87% Sale 89% Sale 99% 100% 100% 101 76% Sale 94% 94% 89 94 Sale 92% Sale 9 0 % 'M ay Sale 102% Sale 102% M ay Sale 100% Sale 98% M ay Sale 91% Sale 89% M ay Sale 88% Sale 84% May 105% 105% 105% 104% M ay 100% . . . 100% M ay 100% 102% 104 90% 99% 103% 102% 104 103% M ay 102 93% 94% 93% 83% 81% M ay 83 81% Sale 74% M ay 74% 77 78 73 89 M ay 89% Sale 90% Sale Sale 87 M ay 87 88% Sale 83% M ay Sale 87% Sale 84 90% 94% 90% 96% M ay 96% 96% 95 no 94% M ay 91% 108% 109% 108% 109% 108% M ay 98% M ay 98% Sale 100% Sale 99% 98 98 99% Sale 92% 95 93 % M ay 91% 93% 94 90% 92 90% 94% 90 86% 88% 89 86% 88 Sale 101 % Sale 101% Sale 101% M ay 100 Sale 84% Sale 82 % M ay 83% Sale 81 98% 100 % 101 109% 111 107 % 108% 111 102% 101% 101 91 89% 90% 89% M ay 87 % 89 90 74 77 76% 78% 79% 80% 79% M ay 79% Sale 74% Sale 77% M ay 78% Sale Sale 81 74% Sale 79 M ay 79% Sale Sale Sale 69% Sale 72 60 69% M ay Sale 94% Sale 92% M ay 93 84% Sale 87% M ay 87% Sale 89% 90 83% 84 100 % 100% 100% 101 100 100% M ay 103% 104% 103% 104% 103% M ay 102 104 103 % 104% 106% Sale 106% 109 106% M ay 95% 96 ____ 100 82 % 83 Highest. Lowest. Highest. Sale Prices. Sale Prices. Ask. Sale Prices. 99% Mar. 21 101 Feb. 7 1 0 0 % 101 1 0 4 % _____ 103 _____ 101% ------- 101% M ay 14 101% M ay 14 100% Feb. 3 101% Jan. 27 100% 100% 100% M ay 15 100% M ay 15 100% M ay 15 101 Jan. 27 90 _____ 91% M ay 1 91% M ay 1 91% M ay 1 91% M ay 1 100 Jan. 21 100 Jan. 21 88 ------87 M ar. 5 87 Mar. 5 101 % 102 101% M ay 27 101 % M ay 27 100% Apr. 1 102 Jan. 29 59% Sale 57 M ay 6 59% M ay 22 53% Jan. 2 59% M ay 22 8 1 % ------ 89 % Sale 91% Sale Lowest. Ask. Bid. 104 % _____ 103 _____ 1 0 0 % _____ 100% 101% 91% Sale 100% -----88 1 0 0 % 161% 51% 57 8 3 % ------- 1,000 1,000 50,000 RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. Ask. Bid. $ 43,000 St Jos & Grand Island 1st g 4s_.1947 J J •fit Lawr & Adirondack 1st g 5s. 1996 J J 2d gold 6s__________________ 1996 A O 14,666 St Louis & Cairo gu g 4s______ 1931 J J St Louis Iron M tn & South— 151,000 Gen con ry & land grant 5s. .1931 A O 474,000 Unif & ref gold 4s___________1929 J J Registered______________ .1 J 917,666 River & Gulf Div 1st g 4s_ 1933 M N _ 21,000 St Louis Mer Bdge Ter gu g 5s. 1930 A O fit Louis-San Fran (Reorg Co)— Prior lien 4s series A ________ 1950 J J 3,175,000 .1 J Registered______________ Prior lien 5s series B ________ 1950 J J 1,175,666 99,000| ■ J T 593,000! Prior lien 5 % s series D ______ 1942 J .1 Cum adj 6s series A ____July 1955 A O i 1,459,0001 Income 6s series A _____July 1960 Oct 2,558,000, 12,000; St L & San Fran Ry gen g 6 s ..1931 .T J 5,000, General gold 5s____________ 1931 .T J ______ St L & S F R R cons g 4s____1996 J J South West Div g 5s______1947 A O 35,000' St Louis Peoria & N W 1st gu 5s 1948 ,T J — fit Louis Southern 1st gu g 4 s . .1931 M S 150,000 St Louis Southwest 1st g 4s____1989 M N 19,000! 2d gold 4s income bon d.N ov 1989 .T J 442.000 Consol gold 4s______________1932 J D 181.0001 1st terminal & unif 5s_______ 1952 J .T 994,000 St Paul & K C Sh L 1st 4% s.._1941 F A fit Paul E Grand Trunk 4 % S-. 1947 J .1 7,666 fit Paul Minn & Man cons 4s__1933 J J 10,000 .T J Registered________________ 8,000 1st consol gold 6s__________ 1933 J J 9*000 6s reduced to gold 4% s_____1933 J T • Registered___________________ .T J 14,000 Montana Ext 1st gold 4s____1937 J D J D Registered______________ Pacific Ext sterling gu 4s___ 1940 .1 J 59,000 fit Paul Union Depot 1st 5s____1973 J .T 211,000 San Ant & Aran Pass 1st gu 4s. 1943 J .T Santa Fe Presc & Phenix 1st 5s.l942 M S fiav Fla & West 1st g 6 s ______ 1934 A () 1st, & 'is • 1Q34 A O 15,000 Scio Vail & N 'E 'lst gu'g 4sIIIIl989 M N 13,000 Seaboard Air Line g 4s________ 1950 A O 409,000 Stamped___________________ 1950 A O Adjustment 5s_________ Oct 1949 F A 2,251,000 Refunding g 4s____________ 1959 A O 1,186,000 1st & cons 6s series A _______1945 M 8 1,388,000 51,000 Atlan-Birm Div 4s___ M ay 1933 M S 8,000 Seaboard & Roanoke 1st 5s___ 1926 J J 4,000 South & Nor Ala gu 5s________ 1936 F A 16,000 Gen cons gu 50-year 5s_____1963 A O Southern Pacific Co— 118,000 4s g Central Pac coll___ Aug 1949 .T D Registered____________________ J D 463.000 Convertible 4s________ June 1929 M S 25,000 J D 31,000 20-year gold 5s_____________1944 M N 83,000 A O 1,000 A O So Pac o f Calif 1st cons 5s_____ 1937 M N South Pac Coast gu 4s________ 1937 .1 J 836,000 South Pac RR 1st ref gu 4s____1955 J J 205,000 Southern Ry 1st cons 5s______ 1994 J J Registered__________________1994 J J A O 1,324,666 696,000 A O 475,000 Devel & gen 6% s series A _ 1.956 A O _ 12,000 Memphis Div 1st g 5s______ 1996 J J 21,000 St Louis Div 1st g 4s_______ 1951 J J 53,000 Mobile & Ohio coll tr 4s....1 9 3 8 M S 7,000 MN 40,000 T Spokane Internat 1st g 5s_____1955 ■ J Staten Island R y 1st 4% s_____1943 J D fiunbury & Lewis 1st g 4s______ 1936 .T J M S 8,000 Term Assn of St L 1st g 4 % s— 1939 A O 3,000 First cons g 5s______________ 1944 F A 274,000 Gen ref s f gold 4s__________ 1953 J J 10,000 Texas & N O cons g 5s------------ 1943 J J 180,000 Texas & Pacific 1st g 4s-----------2000 J D Second gold income 5s______ 2000 Mar 8,000 Louisiana Div B L 1st g 5s__1931 J J 46,000 T ex Pac— M o Pac Term 5%s__1964 M a 1,000 T oledo & Ohio Cent 1st g 5s— 1935 J J 7,000 Western Div 1st g 5s_______ 1935 A O 15,000 J D 1,000 J J 5,000 J J T o l St L & West pr lien 3% s 66,000 A O Tol W Va & Ohio 1st gu 4% s A.1931 J J J J M S J D 39,666 J D 80,000 A O 295,000 J J Union Pac R R & land gr g 4s_ J J 271,666 J J J J Registered. 197,000 M S 123,000 M S 167,000 J J M S 4,666 J J • J T 3,666 F A M N .1 J J J July 1914 coupon on. Price Jan. 2 1925. 19 2 100% M ay 12 100% M ay 12 ‘ 87% M a y '27 87% M ay 27 20% — 2 1 % ----------------------------------------------------------------------- 6 ,1 1 1 % 5 102% 87% 99% Jan. 29 100 % Feb. 18 101 100% 99% 30 99% 86% Jan. M ay Apr. Mar. Jan. M ay 17 20 6 31 13 14 97 Jan. 9 89% Jan. 28 8 6 % Jan. 30 r92% Jan. 23 62 Jan. 8 94% Apr. 24 93 Apr. 24 99% Jan. 28 98 Jan. 22 90 Apr. 24 107% M ay 26 104% Jan. 27 92% Jan. 13 101 % Jan. 27 86% Jan. 21 87% M ay 27 86% Apr. 30 86% Apr. 30 24% Jan. 20 24% Jan. 20 20 [V ol. 120. BONDS-STOCK EXCHANGE RECOKD BONDS N. 7 . STO C K EXCHANGE. Sales in May ft • ft. Par Value. 5 $ Price Jan. 2 1925. Bid. Ask. 9 9 * * ------1001* 100** 9 9 1 * ......... 100 _____ 951* 961* 841* Sale 951* Sale 100** 1001* 941* Sale Verdigris Val Ind & West 1st 5s 1926 M S 10,000 Virginia Midland 5s ser E 1926-1926 M S 8,000 5s series F __________________ 1931 M S 7.000 General 5s_________________ 1936 M N 2.000 Va & Southwest 1st gu 5s_____2003 J 177.000 First cons 50-year 5s_______ 1958 O 541.000 Virginian R y 1st 5s ser A _____ 1962 M N 1.135.000 Wabash 1st gold 5s____________1939 M N 119.000 Second gold 5s______________ 1939 F A 806.000 R ef s f 5**s ser A temp_____1975 M S 1.603.000 Deb B 6s registered________ 1939 J 1st lien 50-year gold term 4s. 1954 J 8,000 771* 78** Det & Ch Ex 1st g 5s_______ 1941 J 9 9 * * ------Des Moines Div 1st g 4s____1939 J 26,000 801* 81** Omaha Div 1st g 3**s______ 1941 A O 4,000 721* 74 Tol & Chic Div 1st g 4s_____1941 M S 34,000 8 2 * * ------Waco & N W Div 1st 6s______ 1930 IM N 102 ___ Warren R R 1st ref gu 3**_____ 2000iF A 7 7 1 * ------Wash Cent R y 1st g 4s_______ 1948 Q M 811* 85 Wash Term 1st gu 3**s______ 1945 F A 21,000 821* 83 1st 40-year guar 4s________ 1945 80 82 Weatherf M W & N W 1st 5s-_1930 West Maryland 1st g 4s______ 1952 615,000 63** Sale West N Y & P a 1st g 5s_______ 1937 4,000 99** 1001* General gold 4s_____________ 1943 13.000 801* 811* Inc g 5s_______________ April 1943 N ov 341* 516.000 901* Sale Western Pacific 1st 5s A ______ 1946 M S 119.000 1011* Sale 1st g 6s ser B _______________ 1946 M S 168.000 821* Sale West Shore 1st 4s guar_______ 2361 J J 74,000 801* Sale Registered_________________ 2361 2,000 101 Wheeling & Lake Erie 1st g 5s._1926 7,000 991* 1001* Wheeling Div 1st g 5s______ 1928 Exten & impt. gold 5s______ 1930 97 991* 248.000 68 Refunding 4**s ser A ______ 1966 M S 681* 120.000 70 Wheel & L Erie RR 1st con g 4s 1949 M S 721* 55.000 631* Sale Wilkes-B & East 1st gu g 5s_ 1942 J D _ 30.000 100** Wilmar & Sioux Falls 1st 5s_ 1938 J D _ 6,000 83 Winston-Salem S B 1st 4s____ 1960 J J 83** 161,000 79** 801* Wisconsin Cent 1st gen g 4s_ 1949 J J _ 2,000 85 Sup & Dul Div & Ter 1st 4s_1936 M N 87 Wor & Con East R y 4**s_____ 1943 J J Industrials Adams Express coll tr g 4s___ 1948 M S 38,000 85 Sale 154,000 96** Sale Ajax Rubber 1st 8s_________ -1936 J D Alaska Gold M deb 6s A _____ 1925 M S 1,000 34* 5 10-year conv 6s ser B _____ 1926 M S 3** 5 J* 51.000 981* 98** Amer Agric Chem 1st conv 5S-.1928 A O 897.000 95** Sale 1st ref sink fund 7**s_______ 1941 F A 137.000 Amer Beet Sugar conv deb 6 s..l9 3 5 F A 159.000 97** Sale Amer Chain 10-year s f deb 6 s.1933 A O 110.000 91** 92 Amer Cotton Oil deb 5s______1931 M N 38.000 106 Amer Dock & Impt extd 6s___ 1936 J J ____ 18.000 98 Amer Mach & Fdy s f g 6s___ 1939 A O Sale 87.000 91 J* Sale Amer Republic Corp s f deb 6s. 1937 A O 309.000 96 Amer Smeltg & R ef 5s ser A _ 1947 A O _ Sale 211.000 104** Sale 1st g 6s ser B _______________1947 A O Amer Sugar Refg 15-year 6s_ 1937 J _ 352.000 100 Sale 734.000 96** Sale Amer Tel & Tel Coll trust 4s_1929 J 12.000 90** Sale Convertible 4s_____________ 1936 M S 13.000 106**-----20-year convertible 4**s___ 1933 M S 523.000 100** Sale 30-year coll trust 5s________ 1946 J D 35-year sink fd deb 5s_____ 1960 J J 4.934.000 723.000 101** Sale 20-year sink fd 5**s________1943 M N 186.000 126 Sale 7-year convertible 6s_______ 1925 F A 217.000 92** Sale Amer Water Wks & Elec coll 5s. 1934 A O 356.000 45** Sale Amer Writing Paper s f 7-6s— 1939 J J 20 1 .0 0 0 46 Sale Temp interchang ctfs o f dep____ Anaconda Copper Min 1st 6s_.1953 F A 1.074.000 99** Sale 15-year conv deb 7s________ 1938 F A 1.048.000 102** Sale 698.000 100 Sale Andes Cop Min deb 7s 25% pd 1943 J J 44.000 Antilla (Comp Azuc) 1st 7**s__ 1939 J J 157.000 Ark & Memph Bdge & Term 5 s-1964 M S Sale 506.000 85 Armour & Co 1st real est 4**s.l939 J D 439.000 91** Sale Armour & Co o f Del 1st 5**s__1943 J J 71.000 101** Sale Associated Oil 6% gold notes__1935 M S 11.000 97 Atlanta Gas Lt 1st 5s________ 1947 J D Sale 1,000 20 _ Atlantic Fruit 7s ctfs o f dep_ 1934 J D 22 Sale Certif o f deposit stamped_______ 115.000 97** Sale Atlantic Refining deb 5s______1937 J J Sale 24.000 102 Baldwin Locom Wks 1st s f 5s. 1940 M N 34,000, 100 ** 1035* Baraqua (Comp Azucar) 7**s_1927 J J 64.0001 1 0 2 ** Sale Barnsdail Corp conv 8s______1931 J J 266.000 102** Sale Bell Telephone o f Pa 1st 5s B ..1948 J J 74.000 1 0 0 ** 1005* Bethlehem Steel 1st ext s f 5 s ..1926 J J loo,ooo! 93** Sale 1st & refund 5s gu ser A ____1942 M N 258,000! 90** Sale 20-year pur & imp s f 5s____1936 J J Sale 537,000! 94 Cons 30-year s f 6s ser A ____1948 F 206,000, 85** Sale Con 30-year s f 5**s B ______ 1953 F 50.000 Bing & Bing temp deb 6**s____1950 M 20 .0 0 0 80** 82** Booth Fisheries deb 6s________ 1926 A 388.000 97** Sale Brier Hill Steel 1st 5**s______ 1942 A 64.000 73** Sale Broadway & 7th A v 1st con 5s_1943 J 73** 19.0001 72 Ctfs o f dep stpd D ec ’24 int_____ 8 , 000 ’ 87** 91** J Brooklyn City R R 1st 5s_____1941 534.000 99** Sale Bklyn Edison Inc gen 5s A ____1949 J J 27,000 103** 104** General 6s series B _________ 1930 J J Bklyn-M Tr R T Sec 6s______ 1968 J J 2,577,000 82** Sale 6,000 66** 67 Bklyn Q Co & Sub gtd 5s_____1941 M N 1st 5s stamped_____________ 1941 J J 95 Brooklyn Rapid Transit g 5 s ..1945 A O Trust co ctfs deposit_______ 80 1st refund conv 4s g ________ 2002 3-year secured notes 7s_____ 1921 Trust Co. ctfs deposit___ 3.000 do stamped_______________ Bklyn Un El 1st g 4-5s________1950 FA 140.000 83** Sale Stamped guaranteed_______ 1950 FA 154.000 83** 83** 47.000 99** 100** Bklyn Union Gas Co 1st g 5s_.1945 M N 1.000 10-year conv deb 7s_________1932 MN 8,000 1st 1 & ref 6s A _______ 1947 MN 2 ,0 0 0 9 1 * * ------Buffalo & Susq gen s f 5s_____ 1932 J D Sale 10.000 84 Bush Terminal 1st 4s_________ 1952 A O 87.000 86** 86** Consol 5s___________________ 1955 JJ Sale 72.000 95 Buildings 5s gu tax ex______ 1960 A O Cal G & E Corp unif & ref 5s_1937 M N California Petroleum 6**s____ 1933 A O Camaguey Sugar sink fd 7s____ 1942 A O _ Canada Steamship Lines 7s_ 1942 M N Canadian General Electric 6S..1942 Central Dist Tel 1st 30-year 5s. 1943 Central Foundry 1st sink fd 6s. 1931 Central Leather 20-year gold 5s 1925 Registered_________________ 1st lien sink fund 6 s ________ 1945 Central Steel 1st sink fd 8s____1941 M N Chic Gas L & O 1st gu g 5s____1937 Chicago Rys 1st 5s___________1927 Chile Copper conv 6s ser A ____1932 Cine Gas & El 1st & ref 5s____1956 40-year prior lien 5**s B Jan 1961 Clearfield Bit Coal 1st 4s_____ 1940 Colo Fuel & Iron Co gen s f 5 s ..1943 Colo Indus 1st coll tr 5s gu____1934 Registered_____________________ Columbia Gas & El 1st 5s_____ 1927 Stamped________________________ Col’& 9th Av 1st gu g 5s_______ 1993 M S Columbus Gas 1st g 5s________ 1932 J J Commercial Cable 1st g 4s__ 2397 O J 38.000 99** 995* 125.000 1005* Sale 93** 45.000 93 42.000 96** 97** 107** 1075* 9,000 100** 100** 18,000 95** 96** 100** Sale 99** 100** 482.000 13.000 1105*-----18.000 99** Sale 472.000 83** Sale 856.000 110** Sale 38.000 43.000 1015* Sale 77** 87 10,000 90 92 89.000 80** Sale 2,000 1005* Sale 136.000 134.000 100** Sale 4.000 8 12 2.000 99 ____ 71.000 72 73 RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. May 29. Bid. 100** 100** 97** 100** 100 90** 99** 101 96** 95** Ask. Bid. 100** 100** 100** 100** 100 101** 100** 101 995* 98 Sale Sale 1005* Sale 101** Sale 98** Sale 97** 80 101** 84 75 85** 102 80** 81** 825* 895* 96** 63 5* 100** 80** 35** 94 1025* 835* 81** 100 ** 995* 975* 69** 73** 65 102* * 82** 78** 845* 755* 835* 80 101** 100** 86 755* 75** 86** 84 102 77 84 81** Sale 825* 895* 97** Sale 665* 985* 80 Sale 46 Sale 95** 103** 103 Sale 84** 82** 82** 100** 100** 99** 100 99** 1025* 106 105 101** 1005* 94** 905* 94 85** Sale 102 Sale Sale Sale Sale Sale 81 Sale 77 84 Sale Prices. 100** M ay 9 100 ** M ay 29 100 M ay 12 100 ** M ay 6 100 M ay 12 89 M ay 99** M ay M ay 101 96** M ay 95** M ay 80 M ay 13 85 M ay 755* M ay 855* M ay 4 5 7 82 2 82 ** M ay M ay 85 102 4 4 102 103** 100 Sale 100** Sale 975* 108 1065* 99** 99 Sale 96** Sale 98** 108 107 Sale 102 J * 975* Sale Sale 91** 100 95 Sale 102 ** Sale 955* Sale 104 J* 131** 129 Sale 97** 61 52 Sale 60** Sale 100 ** Sale 102 Sale 97 92** 91** 91** 935* Sale 89 5* Sale 93 J* 1025* 103 985* 27 195* 39** Sale 99** 103 Sale Sale 105** Sale 102** Sale 100** Sale 94** Sale 93 Sale 95** Sale 87** 96 Sale 75 Sale 101 71** 75 74** 72 92 93 73 99** 71 70 92 102 101** 105 1055* 105** 895* 865* Sale Sale 65 625* 725* 70** 563* 835* 86 Sale 86 Sale 101** 135** 111 110 Sale 91 875* Sale 895* Sale 97** 5 Sale 635* M ay 1 675* M ay 22 Sale 985* M ay 29 100** M ay 11 80** 80 M ay 22 80 M M ay 1 Sale 103** 855* 82** 101*1 Sale 93 5* 1025* 82 815* 1005* 99** Sale Sale 5 75* Sale Sale Sale Sale Sale 1075* Sale Sale Sale Sale Sale Sale 915* Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Highest. M ay 1 955* M ay 21 M ay 11 104 M ay 25 M ay 4 86** M ay 23 M ay 13 82** M ay 20 M ay 9 1005* M ay 9 M ay 16 100 M ay 18 16 21 8 19 16 21 6 85 M ay 8 86 M ay 8 985* M ay 1 102** M ay 9 5 M ay 14 5 M ay 14 84** 81** 89** 955* 63 ** 995* 79** 45 90** 100** 81** 795* 100** 995* 995* 68 72 63}* 102 825* 78** 825* Jan. Feb. Mar. Jan. Jan. Apr. Apr. Feb. Jan. Jan. Mar. Jan. Mar. Jan. Mar. Jan. Jan. Jan. Feb. Feb. Apr. Feb. 85 94** 3** 4 98** 945* 975* 965* 91** 106** 98 91** 95** 1035* 99** 96** 89** 945* 100 94** 101 125 92** 44 43 99** 995* 94 91** 91 85 91 1015* 975* 18 22 975* Jan. 87** Jan. 9 102** M ay 9 Jan. Feb. 65* Apr. 16 Mar. 6** Apr. 16 Jan. 103 M ay 22 Jan. 103** M ay 25 M ay 100** M ay 22 Jan. 995* Feb. 13 Jan. M ay 27 95 Mar. 108** Mar. 23 Jan. Jan. 7 100 Jan. 97** M ay 13 Jan. 99** M ay 7 Jan. 108** M ay 12 Jan. 103** M ay 23 Jan. 97** M ay 23 Jan. 92** Mar. 17 May 115 Jan. 5 Feb. 102** M ay 26 Mar. 97** M ay 22 Jan. 1045* M ay 29Feb. 132 M ay 28 Jan. 98 M ay 25 Apr. M ay 28 61 Apr. 61** M ay 28 Jan. 1015* M ay 22 Mar. 104 Jan. 12 Apr. 100** Jan. 2 Jan. 94** M ar. 10 Apr. 93 5* M ay 27 Jan. 90 M ar. 3 Apr. Feb. 13 94 Jan. 103** Mar. 19 Jan. 985* M ay 6 Feb. 26 M ar. 21 Jan. Jan. 2 22 Jan. 99** M ay 15 Jan. 105 Apr. 21 Jan. 106** Apr. 27 Jan. 105** Apr. 29 Mar. M ay 21 103 Jan. 101 ** Jan. 27 Jan. Mar. 20 97 Mar. M ay 27 93 May 97** Feb. 3 Apr. 89** Feb. 16 M ay 96 M ay 28 Apr. Feb. 5 '85 Jan. 101** M ay 27 Mar. 75*4 Jan. 20 Apr. 75** Jan. 28 Jan. 93 5* Apr. 1 Feb. 26 103 M ay 15 Apr. 105** Apr. 9 Jan. 895* M ay 29 Apr. Jan. 10 71 Jan. 80 Jan. 27 98 92 935* 89** 94 103 985* 19** M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 22 25 22 8 27 8 13 13 7 12 23 23 26 29 26 22 29 28 25 28 28 22 8 12 6 29 29 29 11 6 20 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 99** 103 106** 105** 103 1005* 955* 93 95** 88** 96 775* 101 ** 75 74 5* 935* 103 1055* 895* 65 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 15 5 12 6 21 23 6 29 25 25 28 8 27 22 26 5 15 5 29 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 123** 87** 875* 101** 172 no** 92 91 91** 99 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay Apr. 20 121 25 81** Apr. 28 81** Apr. 4 99** Jan. 20 155 Mar. 23 107** Jan. 1 91** Apr. 28 84 Jan. * 20 86 V Jan. 13 935* Jan. 100 995* 975* 97** 935* 106** 98** 96** 97** 106** 101** 97 905* 945* 100** 955* 102** 130 95 50** 50** 995* 100 94 91** 91** 88 92 1025* 985* 19*! M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 103 103** 100** 99 95 107 99** 97** 99** 108** 103** 97** 91** 100 102 ** 97** 1045* 132 98 61 61** 1015* 395* Sale 99** Sale 103 1045* 105** 105 Sale 101** Sale 100** Sale 94 Sale 90** Sale 93** 87** 85 Sale 955* 77 73 Sale 985* Sale 71** 74 5* 71** 94** qq Sale 100** Sale 105 Sale 86** 65 62 85 123** 87** 83 87** 835* Sale 1005* 172 110** 110 92 94 91 90 91** 89 Sale 96 102 1 102 103 102** 100** 100** 93** 90 93** 85 955* 70** 97 68 675* 905* 99** 104 82** 61** 80 84** 85** 895* 965* 675* 100** 82** 45 955* 104** 86** 82** 1015* 101 995* 74** 78** 67** 103** 87** 81** 87** Jan. Apr. Mar. Feb. M ay Jan. Jan. Feb. M ay Mar. M ay M ay Mar. Jan. Mar. M ay M ay Feb. M ay Feb. M ay Jan. 30 1 5 7 22 7 5 14 11 13 23 20 30 28 25 16 21 25 19 3 21 8 56** 83 835* 1005* 135** 109** 92 875* 89 96** Lowest. Sale Prices. Sale Prices. Sale Prices. 100 }* M ay 4 995* Jan. 12 100** M ay 4 100 J* M ay 7 100** Feb. 24 100** Mar. 18 100 M ay 12 99** Jan. 15 100 M ay 12 102** M ay 26 100 Jan. 14 102** M ay 26 M ay 19 93** Jan. 10 102 M ay 19 102 935* M ay 23 84}* Jan. 2 93 5* M ay 23 101** M ay 21 95 Jan. 5 101** M ay 21 1015* M ay 14 100** Jan. 6 101 ** M ay 14 98** M ay 29 94** Jan. 2 98** M ay 29 975* M ay 23 94** Apr. 8 975* M ay 13 935* Feb. 20 93** Feb. 20 80** M ay 18 77** Jan. 16 83** Apr. 25 99** Jan. 9 100** Apr. 6 86 M ay 27 815* Jan. 6 86 M ay 27 M ay 13 77 M ay 13 74 Jan. 26 77 86 M ay 6 84** Feb. 4 86 M ay 6 Sale 69** M ay 1 74** M ay 2 745* m m 74** M ay 2 78** M ay 65 M ay 65** 655* Sale 665* M ay 102:?* 104 103** M ay 19 103** M ay 104 83** M ay 11 84** M ay 83** 843* 86 78** M ay 5 81}* M ay 80** Sale 79 85 855* 86** 85 M ay 6 85 M ay 85 765* 82 85 Sale Sale 100 4 7** 4 75* 99** 995* Sale 97** 935* 107 98** 965* 98 106** 1 0 1 ** 97 905* 945* 101** 955* 103 127** 955* 50 51** 99** 100 94** 91** 91 88 92** 102** 985* 19 Ask. Highest. Lowest. Sale 100** M ay 1 101** M ay 27 98 Feb. 100** Sale 101 M ay 5 104*! M ay 28 1005* Jan. 103** Sale 104 Sale 103 92 93** 91** M ay 12 92 ** M ay 8 95}* Mar. 92** 95 98 M ay 2 985* .May 29 965* Jan. 97** 98** 985* Sale 1075* Mar. 101** Sale 102** 1005* M ay 102** M ay 27 100** Jan. 95** 94 M ay 95 M ay 11 94 M ay 925* 955* 95 99** Mar. 99** Jan. 99** M ay Sale 1015* Sale 100 101** M ay 22 975* Mar. 112 112** 110** May 112** M ay 19 110 Apr. 110** 111 100** May 100** 100** 101 101** M ay 18 98** Jan. 76** May 77 Sale 765* Sale 795* M ay 16 755* Apr. 108 M ay 28 105 Mar. 1055* Sale 107** Sale 1055* May 100** May 101** 1005* 1015* M ay 26 98** Feb. Sale 103** M ay 103** Sale 105 105 M ay 29 100** Jan. 80 Jan. 80** 87** 81 92 88** M ay 91 92 M ay 9 87** Apr. 91** Sale Sale 82 80** M ay 82** M ay 15 80 Jan. 81** Sale 82 Feb. Sale 1005* M ay 1 101** M ay 21 100** Jan. 1005* Sale 101 100** 1005* 10 1 ** ------ 1005* M ay 2 101** M ay 27 100 Jan. 12** M ay 14 14 M ay 12 9 14 12 5 14 -* 9** Jan. 99 99** 9 9 5 * -----99** M ay 7 99** M ay 11 98*! Jan. Sale 73** M ay 5 77** M ay 12 715* Mar. 72** 73** 77 123** 87** 875* 101** 172 1105* 935* 91 91** 995* M ay M ay M ay M ay M ay Apr. Feb. M ay M ay Mar. 20 5 28 4 20 6 16 28 20 13 101 Apr. 104** M ay 95** Mar. 99** Jan. 107 V Feb. * !02** M ay Feb. 100** Jan. 99** Jan. 101** M ay 114 Jan. 1015* M ay 88 Mar. 111** Jan. 1015* M ay 105 M ay 80 Jan. Feb. 93 83** Feb. 82 Feb. 101}* M ay 101** Jan. 14 M ay 995* Apr. Apr. 76 23 28 13 31 3 27 27 15 14 22 22 18 4 14 26 29 15 16 14 10 21 12 12 22 3 J une, 1925.] BONDS—STOCK EXCHANGE RECOKD BONDS N. Y. STOCK EXCHANGE. •Commercial Credit s f 6s______1934 M N Com ’wealth Power 25-yr 6s 1947 M N Computing-Tab-Record s f 6s__1941 J J Conn R y & Lt 1st g 4 % s______ 1951 J J Stamped guar 4 % s---------------1951 J J Consol Coal M d 40-yr 5s______ 1950 J D Consol Gas (N Y ) deb 5% s____1945 F A Cons Pr & Lt 1st & ref 6% s A _1943 M S Cont Paper & Bag Mills 6 % s_1944 F A Consum Gas Chic 1st gu g 5 s ..1936 J D Consumers Power 1st lien 5s_ 1952 M N _ Corn Prod R ef gold s f 5s______ 1931 M N 1st 25-year s f 5s___________ 1934 M N Crown Cork & Seal 1st s f 6s_ 1942 F A _ Cuba Cane Sugar conv 7s_____ 1930 J J Conv deb stamped 8 % _____ 1930 J J _ Cuban-Amer Sug 1st coll 8s_ 1931 M S Cuban Dom Sug 1st 7 % s_____1944 M N Cumb T & T 1st & gen 5s_____1937 J J Cuyamel Fruit 1st 6s init ctfs..l9 4 0 A O Denver City Tramw 1st gold 5s 1933 A O Denver Gas & El 5s__________ 1951 M N Dery (D G) Corp 1st s f 7s____1942 M S Detroit Edison Co 1st 5s______ 1933 J J 1st & ref 5s Series A ___ July 1940 M S Gen & ref 5s series A ________ 1949 A O 1st & ref 6s Series B ___ July 1940 M S Det United 1st cons g 4 % s___ 1932 J J Dodge Bros deb 6s int rects_ 1941 _ Dold (Jacob) Pack 1st 6s______ 1942 M N Dominion Iron & Steel 5s_____ 1939 M S Donner Steel 1st ref 20-year 7s. 1942 J J du Pont (E I) Powder 4 % s____1936 J D du Pont de Nem & Co 7% s____1931 M N Registered______________________ J D Duquesne Lt 1st & coll 6s Ser A 194S J J 1st coU tr 5 % s Ser B ________1949 J J Eastern Cuba Sugar 7 % s______ 1937 M S Ed El 111 Bkn 1st con g 4s____ 1939 J J Ed El 111 N Y 1st cons g 5s___ 1995 J J E lecPow Corp (Germany) 6% s 1950 M S Elkhorn Coal conv 6% n otes.. 1925 J D Empire Gas & Fuel 1st & ref 7% s ’37 M N Equitable Gas 1st con 5s______ 1932 M S Federal L & Tr 1st s f 5s______ 1942 M S 1st lien s f 6s stmpd________ 1942 M Conv deb 7s A _____________ 1953 M S Federated Metals conv 7s_____ 1939 J D Fisk Rubber 1st s f 8s________ 1941 M S Ft Smith Lt & Traction 5s____1936 M Frameric Ind & Dev 20-yr 714s 1942 J J Francisco Sugar 20-yr 714s____ 1942 M N Gas & Elec (Bergen Co) 5s____1949 J D Gen Asphalt conv s f 6s_______ 1939 A O Gen Baking 1st 25-yr 6s______ 1936 J D General Elec deb g 314s_______ 1942 F A Debenture 5s_______________ 1952 M S Gen Refractories 1st 6s_______ 1952 F A German General Elec 7s tem p. 1945 J J Goodrich (B F) Co 1st 614s____1947 J J Goodyear Tire & Rub s f 8s____1941 M N 10-year deb s f 8s______ M ay 1931 F A Granby Con M S & P 1st 6s_ 1928 M N _ Stamped________________________ M N Conv deben 8s______________ 1925 M N Gray & Davis 1st conv s f 7s._1932 F A Gt Cons El Pow (Japan) 7s____1944 F A Great Falls Power 1st s f 5s____1940 M N Hackensack Water 1st 4s_____ 1952 J J Hartford Street R y 4s________ 1930 M S Havana El Ry Lt & P 5s______ 1954 M S Havana Elec Ry cons g 5s_____ 1952 F A _ Hershey Chocolate 1st s f 6s_ 1942 M N Hoe (R) & Co 1st 6%s A ______1934 A O Holland Amer L 6s (flat)______ 1947 M N Hudson County Gas 1st 5s____ 1949 M N Humble Oil & R ef 5 % s .............1932 J J Sales in May Par Value. Price Jan. 2 1925. Bid. $ 178.000 99% 254.000 98 26,000 101% 89% 9,000 92 267.000 87 2,428,000 310.000 100% 53.000 89 15.000 98% 615.000 91 100 101 31.000 77 44.000 94 152.000 99% 67.000 107% 292.000 96% 167.000 97% 30.000 3.000 204.000 92% 31.000 75 58.000 100% 335.000 100 316.000 151.000 107% 70.000 91% 1,669,000 32.000 81% 17.000 66 91.000 89% 1.000 89% 328.000 108 107% 437.000 106 76.000 104% 579.000 105% 21.000 89% 2,000 102% 194.000 155 1,418,000 97% 11,000 99% 79.000 99% 61.000 99% 115% 127.000 104 93.000 108 28.000 78 M 146.000 92% 85,000 104% 28,000 4.000 3.000 87.000 14.000 498.000 269.000 556.000 404.000 28,000 66,000 285,000 19,000 1,000 104.000 21,000 112.000 76.000 241.000 32.000 354.000 98 98% 104% 84 Sale 105% Sale 100% Sale 100% Sale 119% Sale 108% Sale 98 95 92 91 101% 83% 82% 85% 93% 104 100% 79% 98 99% Ask. 99% Sale Sale 93% Sale Sale Sale Sale Sale 100% Sale 102% Sale 95% Sale 108 Sale 99% 99% 94% Sale Sale Sale Sale Sale 91 Sale 87 52% Sale Sale May 29. Bid. 100 102 102% 91% 91% 83% 104% 104 88% 100 % 99% 101 101 75 95% 100 % 107% 97% 101 99% 83% 96 76 101% 101% 100 107% 90% 98% 86% 53 89 95 107% Sale 106 105% 105% Sale 104 92% 100 Sale 87% 98% 97% Sale 104% 100 94% 93% Sale 101% Ask. Sale Sale 104 92 91% Sale Sale Sale Sale 100% Sale 99% 102 105% 83% 105 100% 93% 105% 120 % 99% Sale 95 Sale 90% 91 102% Sale 9 9 % ____ 11 13 4% 13 6 % -----65% Sale 64% Sale 68% Sale 88% Sale 72% Sale 67 Sale 88% Sale 88% Sale 96% 98% 100% 102% 99 86% 101% 117% 76% 75 96% 106% 107% 93% 100% 100% 97% 100% 101% 95% 92 103% 99% 11 4% 6% 67% 67 70 89% 74% 68% 85% 93% 77 96% 101 108 97% 101% 99% 83% 97 77% 102 102% 100% 108% 91 98% 87 53 90% 94% 108 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay Sale 105% M ay 1 107% 105% 105% M ay 5 106 Sale 103 M ay 1 104% Sale 91% M ay 12 92% 99% M ay 27 99% Sale 87% M ay 1 88% 98 V Sale 103% M ay 1 104% 100% 99% M ay 11 100% Sale 92% M ay 15 94% 102% 100% M ay 1:103 M ay M ay M ay M ay M ay M ay 71 95 99% 107% 97 99% 99 83% Sale 94% Sale 76 101% 101 Sale 100% Sale 98% Sale 107% 91% 90% Sale 94% Sale 86% 54 50% Sale 89 94% Sale 107% 98 99% 100% 103% 104 100% 87% 102 Sale 119% 78% 70 78 97% 107 107 Sale 107% 93% Sale Sale 100% Sale 101% 99 101% 101 Sale Sale Sale 103 Sale 88 Sale Sale Sale Sale M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay Jan. Jan. Jan. Jan. Jan. Jan. Apr. Feb. Jan. Jan. Jan. Jan. Apr. Jan. Jan. Jan. Jan. 99% 93 88% 101% 85 M ay 6 100% M ay M ay 29 93% M ay M ay 4 91% M ay M ay 5 102% M ay M ay M ay 4 86 18 20 18 23 26 86% 93% 103% 101% 83% 99% 101% M ay 1 93 M ay 29 96 M ay 6 104 M ay 16 102% M ay 1 88% M ay 4 100% M ay 18 102% M ay M ay M ay M ay M ay M ay M ay 29 9 13 22 20 19 5 99% 94 % 91% 102% M ay 1 101% M ay 1 96% M ay 4 91% M ay 13 103% M ay 29 97 M ay 15 92% M ay 4 87% M ay 19 101% 99% 10 M ay M ay M ay M ay M ay M ay M ay M ay 97% 96% 98% 100 102% 98% 86 101% n r% 78 . 74 97 106% 108% 106% Sale 92% Sale 99% Sale 100% 99% 100% M ay M ay M ay Sale Sale Sale Sale Sale Sale Sale Sale 120% 80 77 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 22 29 29 22 29 8 6 25 M ay M ay M ay M ay M ay M ay M ay 102 M ay 119% M ay 78% M ay M ay 77 97% M ay 106% M ay 107% M ay 93% M ay M ay 101 102 M ay M ay 100 101 . M ay 1 12 16 2 25 1 20 1 68% 67% 70% 89% 74% 69 89 % 94 100% M ay 116 M ay 99% M ay 115 M ay ___ 10 % 59% 59 61% 85 67 61 88 87% 29 7 29 29 15 12 29 29 25 18 13 15 14 l 98 99% 100 % 103% 104 101 87% 99% 100% 100% Sale 115% Sale 115% Sale 96% M ay 2 97% M ay M ay 94% M ay 1 99 M ay 92 M ay 25 92 85% 114 99% 60 52% 102% 91 97% Sale 116 Sale Sale 54 Sale Sale Sale 100% 61% 53 101% 90 99 Sale Sale 54 102 91 Sale 85% 114% 99% 60 54 101% 89% 97% M ay M ay M ay M ay M ay M ay M ay M ay 85% 126% 100% 62% 54 102 % 91% 99% M ay M ay M ay M ay M ay M ay M ay M ay 104% 93% 102% 71 96% Sale 105 96% Sale Sale 103% 71% 74 Sale 97% Sale Sale Sale 7 Sale 104 93% 102% 71% 95% M ay M ay M ay M ay M ay 5 105 1 97 1 103% 4 74 1 98% M ay M ay M ay M ay M ay 85% Sale 119 108% 93% 93% 95 92 87% 99% 83% 82% 85% 92% 103 100% 79 98% 99% 20 27 13 22 5 1 2 23 28 64% 64 66 87% 71 67 88% 88% 97% 97% 98% Sale 92 93% Jan. Jan. Jan. Jan. Jan. Apr. M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 103 105% 84 105% 110 % 93% 106 121 109% M ay 43 M ay 21 43 118% M ay 7 119% M ay 96% Sale 94% Sale 91 94 98% 101 104% 83 101 % 100 93 M ay M ay M ay M ay M ay M ay M ay M ay M ay 4 1 % -----118% Sale 4 1 % -----119 Sale 100 % Feb. M ay 9 71 18 93% Jan. 20 99% Jan. 4 107% Feb. 4 96% Jan. 27 97 Jan. Apr. 26 99 6 83% M ay 15 92% Jan. 12 75 Jan. 13 99% Mar. 15 99% Feb. 27 97% Mar. 29 106% Jan. 7 87% Mar. 29 94% Apr. 15 82 Jan. Apr. 25 50 4 88% Jan. 13 90% Jan. 13 106% Feb. 107% Jan. 25 104% Mar. 29 104 Jan. 14 103 M ay 28 90% Feb. 27 99% M ay 14 87% Mar. 98% Apr. 28 97% Jan. 5 99% Apr. 19 88 Jan. 18 96% Jan. 116 Jan. 26 101 Mar. 21 108 Jan. 28 76% Jan. 19 89% Apr. 27 103% Mar. 102% 105% 84 105 100 93% 104% 120 108% 13 7% Sale Sale Sale Sale Sale 69% Sale Sale Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. 98 % M ay 4 100 M ay 29 98 Apr. 9 100 M ay 29 102% M ay 29 100% M ay 1 102% M ay 29 97% Jan. 104% Feb. 10 101% M ay 1 103 M ay 27 101% Jan. 90% Feb. 90% Feb. 2 92% Feb. 18 91 M ay 1 91% M ay 20 89 Jan. Feb. 17 90 84 M ay 5 81 M ay 81 M ay 4 102% M ay 1 105 M ay 26 101% Feb. 27 105 M ay 26 M ay 13102% M ay 4 105 M ay 13 100% Jan. 6 105 87% M ay 28 88% M ay 1 87% Jan. 26 92% M ar. 26 99% M ay 1 100% M ay 8 92% Feb. 2 100 % M ay 8 95% M ay 1 100 M ay 27 90% Jan. 3 100 M ay 27 102 76 Sale Sale 108 Sale 102 Sale 99% 99% 102% 103 103 105% 104% 105% 83% 85% Sale 105% Sale 101 % 101% Sale Sale 93% Sale Sale 105% Sale Sale 120% Sale Sale 109% Sale 99% 100 100% Sale 93% Sale Sale Sale 90 101% 102% 85% 84% Sale. 93 93% 93% Sale Sale 104 Sale 102% 102% Sale Sale Sale 88 100% 100% Sale 101% Sale Lowest. Highest. Lowest. M ay Sale 101% Sale 101% M ay 18 103 Sale 112% 113% 110% M ay 113% M ay 79 M ay Sale 78 79 77% M ay 93% M ay 93% Sale 91% Sale 91% M ay 106% M ay 106% 106% Sale 105 M ay 106 108% 99% 99% 100 Sale 99 93% 93% Sale 88% 102 101% 84 84% 83% Sale 86% 94 93% Sale 103% Sale 102 % Sale 83% 98% 99% Sale 102 657.000 97% Sale Illinois Bell Telep 1st & ref 5s A 1936 J D 279.000 93% Sale Illinois Steel deben 4% s_______ 1940 A O 8,000 88% Sale Ind Nat Gas & Oil ref 5s______ 1936 M N 89.000 101% Sale Indiana Steel 1st 5s___________1952 M N J J 98% Ingersoll Rand 1st 5s____Dec 1935 11 Inter-Metropolitan coll 4%s._1956 A O 6 10 Trust Co ctfs of deposit_________ 10 % 16% stamped________________ 710.000 68 Sale J Interboro R T 1st & ref 5s___ 1966 J 1,537,000 67% Sale Stamped_____________________ 204.000 73 Sale 10-year 6% notes___________1932 A O 670.000 93 Sale 10-year 7% notes___________1932 M S 35.000 67 MN 70 Int Agri Corp 1st & coll tr 5s..1932 57.000 61 Sale Stamped extended to _____ 1942 524.000 88% Sale Int Merc Marine 1st s f 6s_____ 1941 A 6 467.000 88% Sale Intern Paper conv 5s Ser A ____1947 J J 1st & ref s f 5s Ser B ________ 1947 J J 290.000 Temp ref 6s ser A ___________1955 M S 490.000 88 Sale Jurgens Works 6s (flat)_______ 1947 J J 504.000 96% Sale Kansas City Power & Lt 5s____ 1952 M S 236.000 98% Sale M S Kansas Gas & El 1st s f 6s_____1952 F A 60,000 102 Sale Kayser (Julius) & Co 7s_______ 1942 643.000 97% Sale Kelly Springfield Tire 8s______ 1931 M N 16,000 82 84 Keystone Telephone 1st 5s____ 1935 J J 2,000 100% Sale Kings Co E L & Pow g 5s_____1937 8,000 116% Purchase money 6s_________ 1997 4.000 75 75% Kings Co Elevated 1st g 4s____ 1949 28,000 75 75% Stamped guaranteed_______ 1949 13.000 88% 90 Kings Co Lighting 1st ref 5s___1954 4.000 103% 1st 6 % s ___________________ 1954 20.000 106% Kinney (G R) Co conv 7J4s___ 1936 90.000 89% Sale Lackaw Steel 1st cons 5s Ser A . 1950 98.000 Sale Laclede Gas L ref & ext 1st 5s. .1934 579.000 98% Sale Coll & ref 5% s Series C _____ 1953 25.000 95% 96 95 Lehigh Coal & Nav 4 % s______ 1954 21.000 100 101 Lehigh Valley Coal 1st 5s_____ 1933 91 1st 40-yr gu Int red to 4 % .-.1 9 3 3 5,000 3 9 % 55% Lex A v & Pav F ’y 1st gu g 5s. .1993 M S 87,000 117% Sale A O Liggett & Myers Tobacco 7s___1944 Registered___________________ A O 165,000 98 Sale 5s---------------------------------------- 1951 F A 34,000 114% Sale Lorillard (P) Co 7s____________1944 A O A O Registered___________________ F A 141.000 96% Sale 5s__________________________ 1951 Sale Louisv Gas & El 1st & ref 5s___1952 M N 1,172,000 91 1,000 Louisville Ry 1st cons 5s______ 1930 J J Lower Austrian Hydro-Elec Co— 169.000 85% Sale 1st s f 6)^s_________________ 1944 F A 252.000 132 Sale Magma Copper conv 7s_______ 1932 J D 125.000 Manati Sugar 1st s f 7% s______ 1942 A O 243.000 99% Sale 63% Manhattan R y (N Y) con g 4s. 1990 A O 3,000 54% Sale Sale 2d 4s_______________________ 2013 J D 67.000 98 Sale Manila Electric 1st ref 7s______ 1942 M N 16.000 84 85 Manila El R y & Lt 1st 5s______ 1953 M S 338.000 99 Q Sale Market St Ry 1st 7s_____Apr 1940 M -J S Sale Maxwell Motors conv 7s______ 1934 41.000 105% Sale 102% Metropolitan Edison 1st 6s B ..1952 F A 96.000 91% 92 1st & ref 5s Series C ________ 1953 J J 39.000 100% 101 Metropolitan Power 1st 6s A . .1953 J D 11.000 M et West Side Elev (Chicago) 4s ’38 F A 772,000 70% Mid-Continent Petrol 1st 6%s_1940 M S RANGE SINCE JAN. 1. PRICES ITV M A Y . May 1. Ask Bid. Sale 98 Sale 100 % Sale 102 % 91% 91 Sale 91 Sale 82 102% Sale 102 V s 90% 88 % 99% 99% Sale 95 % 100 101 Sale 77 94% 95 % Sale 99 % Sale 107% Sale 97% Sale 99% 99 83% 92% 94% Sale 76% 101 101 Sale 100% 99 Sale 107% 92 90% 96 82 86 69 50% Sale 90 90% 94% Sale 107% 107% Sale 105% Sale 104% Sale 103% 92 91% 99% 87% Sale Sale 103% 99% Sale 93% Sale 94% 118 Sale 102 % Sale 111 Sale 105 21 102% 80 98 102% 110 98% 101% 99% 83% 97 82 102% 102 % 100 % 108% 93% 99% 88% 68% 91% 94% 108% 107% 107% 106 106% 94 102% 88% 100 104% 100 % 96 103 136 107 113% 79 95% 106% 9 15 13 19 28 3 23 2 6 2 24 24 2 6 11 Apr. 13 M ar. 28 M ar. 3 M ar. 6 Apr. 6 M ar. 2 M ay 27 M ay 26 M ay 6 M ay 15 Feb. 5 Feb. 4 M ay 15 M ay 27 Apr. 18 Mar. 7 Apr. 11 Feb. 14 Feb. 16 Jan. 20 M ay 13 Jan. 30 Jan. 13 M ay 25 Jan. 23 Feb. 9 Apr. 10 M ar. 18 M ay 14 Jan. 2 M ay 28 M ay 5 Apr. 3 M ay 18 Jan. 17 Feb. 28 M ay 21 Mar. 21 Feb. 11 M ay 27 98% Feb. 19 103 Mar. 6 105% Feb. 16 84 Jan. 2 105% Apr. 24 102% Mar. 25 94% Jan. 27 106% Apr. 28 121 M ay 23 109% Feb. 13 100% M ar. 17 ------M 98% ar. 31 100% Mar. 17 Jan. 30 95 9 i % Jan. 2 102% M ay 23 86 M ay 26 82% Jan. 10 93 M ay 29 96 M ay 9 104% Jan. 6 103% Mar. 18 88% M ay 20 100% M ay 19 102% M ay 5 Jan. 101% M ay 29 Jan. 96% M ay 15 Jan. 13 92% Apr. 22 Feb. 4 103% M ay 19 Jan. 31 99% Jan. 31 Feb. 9 11 Jan. 19 Mar. 13 Mar. 23 Mar. 23 Mar. 23 Apr. 4 Mar. 2 Jan. 2 Jan. 6 Mar. 23 10% 74% 73% 81% 95 74% 71% 91% 94 Mar. Feb. Feb. Feb. Feb. M ay Jan. Feb. M ay 13 9 9 9 9 29 27 4 25 97% 88 95% 98% 101% 90 82 100% 114% 75 74 89 103% 106% 7 59% 16 98% 27 95% l i 95% 13 100 21 39% 29 116 117% 28 97% 19 114% 115 20 95% 22 90% 25 92 M ay Jan. Jan. Jan. Jan. Mar. Jan. Jan. Feb. Jan. M ay Jan. Jan. Mar. Jan. Jan. Jan. Jan. Jan. 98 M ay 29 99% M ay 7 100% M ay 29 103% M ay 26 104 M ay 19 101 M ay 12 87% M ay 29 102 M ay 29 119% M ay 25 78% M ay 18 74 M ay 12 97% M ay 15 106% M ay 4 108%|Jan. 16 94% Mar. 10 101 M ay 16 102 M ay 27 100% Feb. 25 101 Jan. 7 Apr. Mar. Mar. Jan. Jan. Mar. Mar. Jan. M ay 43 120 117% 100% 117% 115 97% 99 93 Feb. Mar. Mar. Apr. Mar. Mar. M ay M ay Mar. 13 25 11 22 25 11 20 12 18 1 85% 20 113 26 99 26 57% 7 51 14 97% 22 85 11 97% 16 105 % 101 20 91% 29 100% 27 70% 22 95% M ay Apr. Jan. Apr. Mar. Jan. Jan. Apr. Jan. Feb. Jan. Jan. Jan. Apr. 86% 132% 102 64 56 102% 92 100 105% 105 97 104 80 98% Feb. Jan. Feb. Feb. Feb. M ay Apr. M ar. Jan. M ay M ay Apr. Mar. M ay 11 2 10 9 9 14 14 6 2 16 29 24 5 22 [Y ol. 120. BONDS—STOCK EXCHANGE RECOKD 22 BONDS N. 7 . STOCK EXCHANGE. Sales in May Par Value. Price Jan. 2 1925. RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. May 29. Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Bid. Ask. Sale Prices. Sale Prices. Midvale St & Ord conv s f 5 s ..1936 M S 623.000 90% M ay 1 93% M ay 25 87% Jan. 2 93 % M ay 25 92% Sale Milwaukee El R y & Lt cons 5s .1926 F A 15.000 100 100% 100 M ay 22 100% M ay 26 100 Jan. 8 101% Feb. 28 Refunding & ext 4 % s______ 1 9 3 1 J J 42.000 9 6 % ------- 95% M ay 1 96% M ay 22 95 Jan. 2 96% M ay 22 General & refunding 5s A ___1951 J D 105.000 97% M ay 1 100 M ay 29 94 Mar. 11 100 M ay 29 99% Sale 1st & ref 5s ser B __________ 1961 J D 619.000 92% Sale 8 8 % M ay 1 92% M ay 29 84% Jan. 2 92% M ay 29 1st & ref g 6 s series C _______1953 M S 265.000 102% Sale 100 M ay 1 104 M ay 25 98% Apr. 1 104 M ay 25 Milwaukee Gas Lt 1st 4s______ 1927 M N 27.000 98% M ay 18 99% M ay 5 96% Jan. 16 99% Feb. 27 98% Sale 124.000 Montana Power 1st & ref 5s A . 1943 J J 100 Sale 99% M ay 15 100% M ay 5 97% Apr. 1 100% M ay 5 Mont Tram 1st & ref A 5s_____1941 J J 174.000 98% Sale 96 % M ay 2 98% M ay 26 94 Jan. 3 98% M ay 26 Morris & Co 1st s f 4 % s______ 1939 J J 147.000 84% Sale 82% M ay 4 84% M ay 29 78% Jan. 2 84% M ay 29 O Mortgage-Bond Co 4s ser 2___ 1966 77 Mar. 26 77% Mar. 24 78 ------J 10-20-year 5s series 3 ______ 1932 1,000 96% 97 96 M ay 1 96 M ay 1 95% Jan. 8 96% Feb. 19 D 64.000 98 Sale Murray Body 1st 6 % s_________1934 96% M ay 18 98% M ay 23 96% M ay 18 98% Feb. 19 97 7.000 94 9 7 % ------- 96 % M ay 5 97 M ay 6 95% Jan. 22 97 M ay 6 Mutual Fuel Gas 1st gu 5s____1947 M N Feb. 11 99% M ay 12 3.000 95 % Mutual Union Tel 5s__________1941 M N 99% M ay 12 99% M ay 12 99 99% 101 105,000 60 % Sale Nassau Elec guar gold 4s_____ 1951 J J 61 61% 59 M ay 14 61% M ay 21 57% Apr. 28 63 Jan. 8 1.000 98 99 % M ay 27 99% M ay 27 97% Feb. 25 99% Apr. 28 Nat Enam & Stp 1st 20-yr 5s_1929 J D 99% 101 96.000 93 % Sale" National Acme 1st 7 % s_______ 1931 J D 8 l M ay 2 89 89 Sale M ay 29 80 Apr. 27 94 Jan. 8 97 % ------98 Jan. 19 99% Feb. 3 Nat Starch 20-year deb 5s____ 1930 J J 48.000 100% 101 National Tube 1st 5s______ ...1 9 5 2 M N 103 M ay 18 100% Jan. 2 103 M ay 18 102% 102 % 101% M ay 100 3,000 98 Newark Con Gas 5s___________1948 J D 100% M ay 27 98% Mar. 20 100% M ay 27 100% 100% 99% M ay 154.000 100 Sale New England T & T 30-yr 5 s ._ 1952 J D 102 M ay 27 99% M ar. 24 102 M ay 27 102 Sale 100 M ay 104% 12.000 104 103 M ay 26 104 M ay 1 103 M ay 26 104% M ar. 13 102 103 N Y Air Brake 1st conv 6 s____1928 M N 22,000 77% 78% N Y D ock 50-year gold 4 s ____ 1951 F A 80 M ay 5 81% M ay 21 77% Jan. 7 81% M ay 21 80% 81 O 294.000 113% Sale 114% Sale 114 M ay 115% M ay 23 112 M ar. 19 115% M ay 23 N Y Edison 1st & ref 6 % s____1941 O 1,248,000 101% Sale 100% M ay 101% M ay 20 99% Apr. 13 101 % M ay 20 1st lien & ref 5s B temp_____1944 D 71,000 102 Sale 104% M ay 20 100% Jan. 8 104% M ay 20 102% ____ 103% 104% 102% M ay N Y Gas El Lt Ht & Pow 5 s . . . 1948 Jan. 5 89% M ay 26 A 215.000 8 6 % Sale 88 Sale 89% M ay 26 8 6 M ay Purchase money coll tr g 4s .1949 90 _____ 8 8 101% ------ 100 % ___ 100% Apr. 22 100% Apr. 22 ___ 102% N Y L E 4 W Coal & RR 5%s_1942 M N 8 0 % -----8 0 % ___ 8 0 % -----N Y Munic R v 1st s f 5s______ 1966 J J 3,000 9 9 % ------ 100% 100% 100% ___ 100% M ay N Y Queens E L & P 5s______ 1930 F A 100% M ay 18 99% Feb. 26 100% Apr. 22 Sale 44.000 45 51 M ay 25 48 Apr. 1 54% Feb. 14 48% M ay New York Rys 1st & ref 4s____1942 J J 48% Sale 37 51 134.000 44 % Sale Feb. 11 49 Sale 52% M ay 13 42% Jan. 6 54 49 M ay Trust Co certfs o f deposit_______ 51% Sale 4% Sale 4% Jan. 2 6 Feb. 11 73.000 5% M ay 11 4 4% 4% 5 4% M ay Adjustment income 5s, Jan 1942 A O 3% Jan. 10 5% Feb. 13 4 4% 220.000 4 Sale 4% Sale 5% M ay 11 4 M ay Trust Co certfs o f deposit_____ 32% M ay 11 28% M ay 6 32% M ay 11 28% M ay 30% Sale N Y Rys Corp inc 6 s Jan 1965 A p r 1,908,000 Sale 38.000 100 100 M ay 28 99% Jan. 9 100 Jan. 2 9g% M ay 9 9 % -----99% 100 N Y & Rich Gas 1st 6 s A ______ 1952 M N Sale 121,000 67 66 Sale 68 M ay 15 64 M ar. 24 6 8 % Jan. 6 N Y State Rys 1st cons 4%s__1962 M N 67 67% 6 5 % M ay 63 M ar. 25 63 M ar. 25 Registered___________________ M N Feb. 10 90% Jan. 8 89 14.000 M ay 90% M ay 19 8 8 88 90 1st con 6 %s ser B __________ 1962 M N 90 90% 8 9 83.000 97 % Sale 100% Sale 103% Sale 10o% M ay New York Steam 1st 6 s_______ 1947 M N 103% M ay 29 97% Jan. 6 103% M ay 27 Feb. 10 98 M ay 12 247.000 96 % Sale 97% Sale 98 Sale N Y Tel 1st & gen s f 4 % s____ 1939 M N 97% M ay 1 98 M ay 12 95 171.000 108 Sale 109% Sale 110 Sale 109% M ay 15 110 M ay 2 107% Jan. 5 110 Mar. 2 30-year debenture 6 s. ______ 1949 F A 108% M ay 2 458.000 106% Sale 107% Sale 108 20-year refunding 6 s gold_ 1941 A O _ Sale 107% M ay ^ 108% M ay 2 106% Jan. 102% Jan. 10 55.000 105 Sale 100% 101 101% M ay 26 100% Feb. Niagara Falls Power 1st 5s____1932 J J 101% 101% 10o% M ay 106 M ay 15 21.000 101 % Sale 105% 105% 106 Refunding & gen 6 s___ Jan 1932 A O 106% 105% M ay 4 106 M ay 15 103% Jan. 110 Mar. 27 1 0 4 % ____ 104% Jan. Niagara Lock & Ont Pow 1st 5s 1954 M N 99% 99% 100 M ay 23 509.000 100 M ay 23 98% Apr. 98% Sale 99% Sale 98% M ay 1st & ref 5s ser A inter rets .1955 A O 110 Mar. 5 3,000 1 0 4 % ......... 109% M ay 5 104% Jan. Refunding 6 s series A ______ 1958 F A 109% M ay 102% M ay 21 275.000 97% Sale 101 Sale 100% M ay Sale 102 102% M ay 21 96% Jan. North Amer Edison Co 6 s A . . 1952 M S 105% M ay 22 Sale 116.000 101 104 Sale 104% Sale IO4 M ay 105% M ay 22 100% Jan. Sec s f g 6 %s series B _______ 1948 M S 97 M ay 23 336.000 92% 92% 96 9 5 % M ay 95% Sale Sale 97 M ay 23 92% Jan. Nor Ohio Trac & Lt gen & ref 6 s 1947 M S Jan. 99% M ay 22 96% Sale 321.000 93% Sale 98% Sale 99% M ay 22 93 North States Power 5s A _____1941 A O 96% M ay 104 105 103 Apr. 4 07% Mar. 23 1st & ref 6 s series B ________ 1941 A O 96.000 104% Sale 105% Sale 104% M ay 4 105% M ay 29 93% Jan. 2 2 93% Jan. 22 Registered______________________A O 10.000 9 4 % ------95% — 96% 97 Northwest Teleg 1st 4 % s_____ 1934 J J 98 M ay 28 98 M ay 28 94% Jan. 7 98 M ay 28 40.000 110% 110% 110% 111% 112% Sale 111% M ay 8 112% M ay 20 108 Jan. 16 112% M ay 20 Ohio Public Serv 1st & ref 7 % s. 1946 A O 35.000 107% 108 108% Sale 109 110 108% M ay 1 111% M ay 21 107% Jan. 15 111% M ay 21 1st & ref 7s series B ________ 1947 F A 140.000 97% 97% 101% Sale 102 Sale 10l M ay 1 104 M ay 14 98% Jan. 3 104 M ay 14 Ohio River Edison 1st 6 s_____ 1948 J J 183.000 97% Sale 97% Sale 97% Sale Old Ben Coal 1st g 6 s________ 1944 F A 97 M ay 1 97% M ay 22 96% Apr. 3 99 Feb. 29 96.000 98% Sale Feb. 5 100% M ay 13 99% 100 100% Sale 99% M ay 4 100% M ay 13 98 . Ontario Power N F 1st 5s_____1943 F A 7.000 Jan. 9 99% M ay 20 9 9 % -----Ontario Transmission 1st 5s_ 1945 M N _ 99% M ay 20 99% M ay 20 97 Sale 199.000 99 97 98% 101% Sale Otis Steel 1st 20-year 8 s______ 1941 F A 98 M ay 2 102 M ay 25 95% Mar. 23 102 M ay 25 92% Sale 329.000 91% Sale 97% Sale 98% M ay 25 89% Mar. 25 98% M ay 25 1st 25-year s f 7 %s series B _1947 F A 92% M ay 97 Sale 468.000 93% Sale 98% Sale 98% M ay 29 93% Jan. 7 98% M ay 27 96% M ay Pacific G & E gen & ref 5s____1942 J J 105.000 98% Sale Sale 99% 99% 100 100 M ay 23 98 Jan. 2 100 M ay 23 99 M ay Pacific Pow & Lt 1st & ref 5S..1930 F A 148.000 99% Sale 102 M ay 20 99% Jan. 5 102 M ay 20 100% 100% 101% Sale 10o% M ay Pacific Tel & Tel 1st 5s_______ 1937 J J 96% Sale 828.000 93 Sale 98% Sale 99 M ay 11 92% Jan. 1 99 M ay 11 30-year 5s series A _________ 1952 M N 96% M ay 90.000 104% Sale 105 Sale 105% M ay 106% M ay 11 104% Jan. 6 106% M ar. 24 105% 106 Pan-Am Pet & T 1st lien 7s_ 1930 F A _ 109 Sale 112 Sale IO9 M ay 116% M ay 21 103 Jan. 2 118% Mar. 3 Conv sinking fund 6 s_______ 1934 M N 3.774.000 103 Sale Mar. 7 31.000 96% Sale Sale 95 95% 95 94% M ay _ 95% M ay 18 94% M ay 6 97 Park-Lexington leasehold 6%s_1953 J J 10.000 97 Feb. K 100% M ay 26 _____ 99% 100% 100 % -----Paterson & Passaic G & E 5s__1949 M S 99% M ay 21 100% M ay 26 95 19.000 107 108 108% 109 110 ___ 107 M ay 5 110 M ay 26 107 Jan. 3 110 M ay 26 _ People’s Gas & Coke 1st 6 s_ l943 A O 162,000 94% 95% 96% Sale 99 99% 96% M ay 1 99% M ay 26 94% Jan. 17 99% M ay 26 Refunding gold 5s___________1947 M S 112,000 101% Sale 104% Sale 104% Sale 104% M ay 6 105 M ay 6 101% Jan. 2 105 Feb. 16 Phila Company 1st & ref 6 s_ 1944 F A _ 97 Sale 225.000 93% Sale 99% Sale 97 M ay 1 100 M ay 27 93% Jan. 2 100 M ay 27 15-year conv deb 5 % s______ 1938 M S 163.000 100% Sale 100% 100% 100% Sale 10o M ay 9 102% M ay 22 99% Feb. 4 102% M ay 22 Phila & Read C & I ref 5s_____1973 J J 96% Sale 103% Sale Mar. 23 104 M ay 27 96% M ay 1 104 M ay 27 90 Pierce Arrow deb 8 s___________1943 M S 1.173.000 96% Sale Sale 106% 107 106% M ay 14 107 M ay 1 102% Jan. 9 107 M ay 1 34.000 103% Sale 107 Pierce Oil Corp s f 8 s_________ 1931J D 47.000 99% Sale 101% 101% 102 Sale 101% M ay 11 102% M ay 29 99% Jan. 2 102% M ay 27 Pillsbury Flour Mills 20-yr 6 s. 1943 A O 40.000 97 97% 98 Jan. 15 98% Mar. 7 98 97% 99 97% M ay 23 98 M ay 23 97 J Pleasant Valley Coal 1st 5s_ 1928 _ 21.000 93% 94 ____ 92% 92% 93% 92% M ay 25 93% M ay 11 92% Apr. 16 94 Jan. 9 Pocahontas Con Coll 1st s f 5s_1957 J 39.000 99% 100 101 Sale 101% Sale 99% M ay 18 101% M ay 29 99% Jan. 5 101% M ay 29 Port Arthur Canal & Dock 6 s . . 1953 F A 8.000 101 101% 101 % ----- 10l ' M ay 19 101 " M ay 19 101 M ay 19 101 M ay 19 1st mtge 6 s Series B ________ 1953 F A 125.000 97% Sale 98% Sale 97 M ay li 100 M ay 22 96% Apr. 6 100 M ay 22 Portland Elec Pow 1 st 6 s ser B.1947 M N 18.000 98% Sale 9 9 % ------- 99% Sale 99% M ay 16; 100% M ay 20 98% Jan. 2 100% M ay 29 Portland Gen Elec 1st 5s_____1935 J J Sale 15.000 92% 93% 95 95% M ay 21 j 92% Jan. 16 96% Apr. 17 95% 96 94% M ay Portland R y 1st & ref 5s______ 1930 M N 89% Sale 107.000 84% Sale 8 9 % M ay 92 M ay 29 84% Jan. 2 92 M ay 29 90% Sale Portland R y, L & P conv 5s_ 1942 F A _ 152.000 94 96% May 99% M ay 22 94 Jan. 5 99% Feb. 16 94% 96% Sale 98% Sale 1st lien & ref 6 s series B ____1947 M N 43.000 105% Sale 96% 97% 106% 106% 106 M ay 107 M ay 26 105% Jan. 2 107 M ar. 9 1st & ref 7% s series A ______ 1946 M N 16.000 106 M ay 12 106 Feb. 9 ------ 105% 107 102% Sale 101 M ay 12 102% M ay 26 101 Porto Rico Amer Tobacco 8 s ..1931 M N 94% 95% 94% 95 M ar. 2 36.000 94% Sale 94% M ay 27! 95% M ay 2 93% Jan. 9 97 _ Pressed Steel Car 10-year 5s_ 1933 J J 112 Sale 113% 114% 112 M ay 1113 20.000 112 114 M ay 13 104 Jan. 12 1 1 5 % Jan. 15 Prod & R ef 8 s with warrants.. 1931 J D 110% Sale 111 Feb. 11 14.000 110 111 Sale 110% M ay 13 111 M ay 23 llO Jan. 5 111 Without warrants_______________ J D Apr. 21 17.000 104% 104% 104% 105 104% 104% 104% M ay 5 104% M ay 15! 104% M ar. 11 105 Public Serv Corp N J gen 50-yr 5s’59 A O 97% Sale 99% Sale 97% M ay 1 99% M ay 25 95 Jan. 12 99% M ay 25 649.000 Secured gold 6 s_______________ 1944F A 102 Sale 104% Sale 102 M ay 1 104% M ay 28 98% Jan. 2 104% M ay 28 368.000 99 Sale Public Serv E & G 1st 5 % s____1959 A O 101 Sale 104% Sale 100% M ay L104% M ay 28 99% Apr. 22 104% M ay 28 673.000 1st & ref 5% s______________ 1964 A O 328.000 103% Sale 104% Sale 106% Sale 104% M ay 5 106% M ay 20 102% Jan. 7 106% M ay 20 Public Service Elec Lt s f g 6 s . .1948 A 104% Sale 106 . 139,000 103 Sale 106% 104% M ay 106% M ay 25 102% Jan. 6 107% Feb. 26 Punta Alegre Sugar 1st conv 7s. 1937 J 87% Sale 88 Sale 8 7 M ay 1 90 M ay 8 8 6 % Apr. 18 92 Jan. 28 115.000 90% Sale Remington Arms 1st s f 6 s____1937 M N 94% Sale 96% 97 168.000 94% Sale 94% M ay 4 96% M ay 28 93% Jan. 5 96% M ay 28 Republic Iron & Steel s f 5s_ 1940 A O _ 91% Sale 92% 92% 9 l% M ay 1 93 M ay 25 90% Apr. 2 94 Feb. 25 68.000 92% Sale R ef & gen 5% s A ___________1953 J J 89 Sale 8 8 % Sale M ay 1 8 8 % M ay 28 90 Mar. 11 455.000 8 8 % M ay 28 89 Rlma Steel 1st 7s_____________ 1955 F A 65 Sale 64 Sale M ay 8 64 % M ay 5 73% Jan. 29 2,000 66 6 4 % M ay 5 66 70 D Robbins & Myers 1st s f 7s___ 1942 110% Sale 110% _____ 110% M ay 4 111% M ay 25 110 Mar. 27 111% M ay 25 20,000 Rochester Gas & El 7s ser B ..19 46 M S 104% Sale 104% 105% 104 M ay 20 105 M ay 8 103% M ar. 12 105 M ay 8 14.000 Gen Mtge 5% s series C _____ 1948 M S 66 Sale M ay 1 64 63% 65 64 M ay 15 6 6 14.000 81% 83 M ay 15 83% Jan. 19 Rogers-Brown Iron 7s________ 1942 M N Sale 91% Sale 9l M ay 1 91% M ay 13 85% Jan. 7 91% Mar. 21 28.000 85 86 % 91 St Joseph R y, L H & P 1st 5 s ..1937 M N 9 5 % ------- 95% M ay 27 95% M ay 27 95% Apr. 3,000 95 95% M ay 27 98 J St Joseph Stock Yards 1st 4 H s. 1930 M ay 22 77% Jan. 82 M ay 22 165.000 78 8 0 % M ay 15 82 79% 80% 81% 81% Sale J St L Rky M t & Pac 5s stamped. 1955 70% 7 0 % ------74 Jan. 81% Feb. 3 74 Sale St Louis Tran gu imp 5s--------- 1924 A 96 96% M ay 95 96% 96 M ay 7,000 95 96% M ay 5 95 Jan. 96% 95 8 t Paul City R y Cable 5s_____ 1937 J Sale 92 92% Sale 92% M ay 92 M ay 158.000 92 Mar. 92% Mar. 2 SaxoD Pub Wks (Germany) 7s. 1945 F 105% Sale 106% 107% 105% M ay 107 M ay 20 104 19.000 107 107% Jan. 28 Feb. Sale Saks & Co 7s__________________1942 M Sale 101% M ay 101% ----- 102 102% M ay 22 99% Jan. 55.000 99% Sale 102% M ay 22 San Antonio Public Serv 6 s___ 1952 J 107% 108 106% Sale 106% M ay 22! 107% M ay 4 105% Jan. 68.000 106 Sale 107% Feb. 26 Sharon Steel Hoop 1st 8 s_____1941 M S 106 107 107 107% 106% M ay 107% M ay 27 105 Jan. 123.000 105 Sale 107% M ay 22 Sheffield Farms 1st & ref 6%s_1942 A O 92% Sale 95% Sale 95% M ay 29 90 Jan. 203.000 90 Sale 92 M ay 95% M ay 29 Sierra & San Fran Power 1st 5s_ 1949 F A 91% Sale 9 l% M ay 93% Sale 94% M ay 27 8 8 239.000 8 8 95% Feb. 2 Sale Jan. Sinclair Cons Oil 1st lien 7s_ 1937 M S _ 106% Sale 110% Sale 106% M ay 113% M ay 22 104% Apr. 22 120 Feb. 3 1st lien 6 s C with warrants.. 1927 J D 1,969,000 86 Sale 87 Sale 8 5 % M ay 8 8 % M ay 22 624.000 83 Sale 82% Jan. 5 90% Feb. 3 1 st lien coll 6 %s B _________ 1938 J D 99% Jan. 6 100% Jan. 16 99% Sale Sinclair Crude Oil Purch 5%s_.1925 A O 584.000 . . . . . 100% Sale 100% Sale 100% M ay 100% M ay 25 99% Jan. 19 101 Feb. 5 6 % notes series A ___________1928 F A 10o% M ay 100% M ay 21 99% Jan. 31 101% Jan. 16 135.000 99% Sale 105% 106% 6 % notes series B ____Feb 15 1926 F A 8 4 % M ay 87% Sale 88 M ay 23 82 Jan. 2 8 8 574.000 82 Sale 85% Sale M ay 23 Sinclair Pipe Line 20-year 5s_.1942 A O Sale 108 M ay 117 M ay 28 106% Jan. 108 Sale 116 120% Feb. 2 Skelly Oil 6 % notes___________1927 A O 1,524,000 108% Sale M ay 105 M ay 5 102 Jan. 37,000 102 102% 104 Sale 104% Sale IO4 105% Apr. 11 So Porto Rico Sugar s f 7 s _ 1941 J D _ 102% M ay 13 99 Jan. 102% M ay 13 284.000 96% Sale 100% Sale 104% 105% 10o% M ay South Bell T & T 1st s f 5s____1941 J J 99% M ay 101% M ay 15 96% Jan. 988.000 96% Sale 99% Sale 101% Sale 101 % M ay 15 Southw Bell Telep 1st & ref 5s_1954 F A 9 5 % M ay 99 Sale 99% M ay 27 93% Jan. 231.000 94 Sale 95% Sale 99% M ay 27 Southern Colorado Power 1st g 6 s'47 J J 98% 98% 97% Apr. 22 94% Feb. 97 97% 97 Spring Valley Water g 5s_____1948 M N 135% M ay 21 106% Jan. 914,000 106% Sale 114% Sale 129 Sale 114% M ay 135% M ay 2l Stand Gas & El conv deb 6%s_1933 M S 9 9 % M ay 13.000 100 100% 99% 100 99% 100 100 M ay 12 99% Jan. 100% Jan. 3 Standard Milling 1st 5s_______ 1930 M N 88.000 105 105% 107% 107% 107% 108 107% M ay 107% M ay 20 105 Jan. 6ll08 Apr. 16 Steel & Tube gen s f 7s ser C ..1951 J J 8,000 96% Sale 96 96% 96 M ay 96 M ay 9 95% Mar. 27 97% Jan. 1 5 97 96 Sugar Estates Oriente 7s_____ 1942 M S 97 % , 96 M ay 16 97% M ay 16 96 4,000 98 M ay 19 99 Feb. 16 98% 96 99% 96 Superior Oil 1st s f 7s________ 1929 FA15 92,000 , 96% 98 100% Sale 10o M ay 7 100% M ay 14 97% Jan. 22 100% M ay I 4 Syracuse Lighting Co 1st g 5s. 1951 J D 5,000 11 0 2 % ______1 , 1 0 2 1 0 2 % 101% 103% 10i% M ay 18 101% M ay 26 100% Feb. 24'102% Jan. 12 Tenn Coal, Iron & RR gen 5s_.1951 J J 2,0001,101 103% 101 101% 100% 101% 10l% M ay 12 101% M ay 12 100% Feb. 6 102 Jan. 2q Tenr essee Copper 1st conv 6s_l925 M N Sale 10q % M ay 2 104 M ay 19!! 99% Jan.' 2104 660,00011 99% Sale 1 101 Sale 104 M ay I 9 Tenn Elec Power 1st & ref 6s__1947iJ D $ Bid. 87% 100 % 95 96 84 % 99 97% 98 94 % 78% 76 % 95% Ask. Sale 100 % Sale Sale Sale Sale 98 % Sale Sale Sale ------97 % Bid. Ask. 90% Sale 100% Sale 95% Sale 97% Sale 8 8 % Sale 100% Sale 98% 99% 100% Sale 96% Sale 82% 83 7 7 % ------96 Sale 97% 97% 96 96% 99% 101 60 Sale 99% 80 81% 98% Sale 102 99% Sale 100 Sale 104 Sale 81 114% Sale 100% Sale Interest Period BONDS AND STOCKS-STOCK EXCHANGE EECORD J une, 1925.] BONDS N. 7 . STOCK EXCHANGE. Sales in May Par Value. Third Ave 1st ref 4s . . . Adjustment income 5s__Jan Third Ave R R 1st gold 5 s _ _ Tide Water Oil 10-j r g 634s.. Toledo Edison 1st g 7 s ______ Toledo Trac L & P 6% notes. 1960 J J 196(1 A O 1937 J J 1931 F A 1941 M S 1925 F A .1949 M S Twenty-third St Ry imp & ref 5s '62 J J .1933 J J .1948 J J Union Bag & Pap 1st 6s_____ 1942 M N Union El L & P 1st g 5s_______ 1932 M s Refunding 5s______________ 1933 M N 1954 J J 1945 A o 1931 J J 30-yr 6s Ser A . . _ _ M ay 1942 F A Union Tank Car equip 7s____ 1930 F A United Drug g 6 s . . ____ 1944 A O United Fuel Gas 1st s f 6s____ 1936 J J Un Rys Inv 5s Pitts i s s _____ 1926 M N United "Rys St L 1st g 4s____ 1934 United Steamship 15-yr 6 s __ 1937 United Stores Realty 6 s _____ 1949 U S Rubber 1st & ref 5s Ser A. 1947 10-year 734s______________ 1930 U S Smelt R ef & M conv 6s__ 1926 U S Steel Corp s f s 5s_ Apr 1963 _ Registered______ . _______ Utah Light & Trac 1st & ref 5s. 1944 Utah Power & Lt 1st 5s_______ 1944 1950 1957 1953 Va-Car Chem 1st 7s . . . _ 1947 J J MN A o J J F A F A MN A F J J J J O A J J J D 1937 J J J J J J Va Iron, Coal & Coke 1st g 5s 1949 M S Virginia R y & Pow 1st 5s____ 1934 J J Vertientes Sugar 1st s f 7s . . 1942 .1 D Warner Sugar Ref 1st 7s___ 1941 J D Warner Sugar Corp 1st 7s____ 1939 J J 1939 J J I960 .T D 19441M N West Penn Pow 1st 5s Ser A . . . 1946 M S 1st 40-year 6s Ser C ________ 1958 J D 1st 30-year 7s Ser D _______ 1946jF A 1st 5s Series E ____________ 1963iM S 1953 A o West Va Coal Sc Coke 1st 6s 1950 J J 1944! A o Western Electric deb 5s . _ West Un Coll tr cur 5 s _______ 1938 J J Fund & real est 4% s g _____ 1950 M N 15-year 634s g . __ ______ 1936 F A Westinghouse E & M 7 s ____ 1931 M N Wickwire-Spencer Steel 1st 7s 1935 J J Certificates o f denosit 734s with & ’without war’ts MIST Willys-Overland 1st s f g _____ 1933 M S Wilson & Co 1st s f 6s________ 1941 A o 10-year conv s f 6 s _______ 1928 A o j D 10-year conv s f 7 % ~ s.____ 1931 F A Winchester Rep Arms’7 34s __ 1941 A O Youngs’n Sheet & Tube 6s___ 1943 J J a On the basis o f $5 to the £ sterling. s Optional sale, t Bonds “ when issued.” Price Jan. 2 1925. B id . Ask. $ 185,000 55 Sale 249,000 48 % Sale 175,000 95 Sale 160,000 102?* Sale 64,000 108% Sale 35,000 100% 100% 97% . . . 1,000 67% Sale 8 8 % _____ 85 _____ 234,000 95% 96 70,000 100% Sale 127,000 98% Sale 257,000 1,000 _____ 75% 6,000 99% . . . 40,000 102% 102% 15,000 103% Sale 207,000 100% Sale 150,000 98 Sale 69,000 100 100% 16,000 100 Sale 37,000 74% Sale 77,000 91% Sale 90,000 103 Sale 784,000 85% Sale 139,000 104% Sale 49,000 101% Sale 899,000 104% Sale 23,000 542,000 83% Sale 322,000 91 Sale 99% 67,000 98% . . . . 50 ‘ 53 1,345,000 74 Sale 66,000 _____ 71 121,000 44% Sale 351,000 43% 45 51,0001 54,000; _____ 43 51,000 91% 93 230,000! 94% Sale 109,000 91% 92% 99,000! 89% 91 32,000! 89% Sale 1,000 100% . . . 3,000 100 ... 113,000 88,000; 96% Sale 16,000 104% Sale 86,000| 106 Sale 132,000; 93% Sale 90,000! 100% Sale 147,000 689,000 98% Sale 62,000 99% 100% 65,000 99% 100% 22,000 110% Sale 524,000 107% Sale 42,000 77 Sale 51,000 75% 76% 2,000 149,000 100 Sale 519,000 91 % Sale 1 RANGE SINCE JAN. 1. PRICES IN M A Y . May 1. Bid. 53% 37% 94 103% 109% 100% 98% 59% 90% 87% 95% 100% 100 101% 100 103% 104% 102% 100 99% 99% 93 103 86% 105% 101% 105% 86% 86% 95% 99% 99% 55% 92% 89% 85% 62% 62% 58' 90 96% 92% 94 80 100% 102% 102% 98 105% 97% 97% 103% 91% 100% 101% 94% 111% 107% 81% 79 Ask. Sale Sale Sale 103% Sale Sale 61 Sale Sale Sale 77 104% Sale Sale Sale 100 99% 70 Sale 103% Sale Sale 101% Sale 87 Sale Sale May 29. Bid. Ask. 55 % Sale 39% Sale 94 95% 103% Sale 109% Sale 100% Sale 99 60 91% 89% Sale 99 101% 101% 100% Sale 101 H Sale 75% 76% 100% 100 104% 104% 104% 105 104 Sale 101% Sale 99% 100 99% 100 69% 94% Sale 104 Sale 89% Sale 106% Sale 100% 101 105% Sale 90% Sale 98% Sale inn 100% Sale 57 fifi 60 Sale 96% Sale 92 95 94 87% 90 Sale 69% Sale 69 73 59% 91% 90 91% Sale Sale 98 94 91% 92 Sale 95% 96% Sale 83 83% 101% ___ 102% 101% Sale Sale 102% Sale Sale 98% 99 106 105% Sale 98 106% Sale Sale 9 8 % Sale 104% 104% Sale 92% Sale Sale 100% Sale Sale 101% Sale Sale 95% 97 Sale 111% 111% Sale 106% Sale Sale 84 84 Sale 80% Sale Sale 81 100% Sale 101% Sale Sale 97% Sale 99 33 Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. Apr. 13 58% Feb. 9 53 % M ay 1 57 M ay 9 51 37 M ay 15 39% M ay 19 3 4 % Apr. 14 50% Feb. 9 M ay 1 93% Apr. 20 96 Feb. 11 93% M ay 12 94 103 M ay 12 103% M ay 27 102% Jan. 2 104% Jan. 12 M ay 1 108% Jan. 2 110 Feb. 27 109^ M ay 1 110 100% M ay 27 100% M ay 23 100% Jan. 10 100% Jan. 23 Feb. 17 98% Apr. 27 98 M ay 25 70 Jan. 13 M ay 25 61 61 M ay 25 61 89 Jan. 6 90% Apr. 30 86% Feb. 3 89 Apr. 30 95% M ay 2 99% M ay 25 94% Jan. 23 99% M ay 25 100% M ay 12 101H M ay 22 99% Jan. 3 101% Mar. 4 M ay 18 98% Jan. 5 101 M ay 18 99% M ay 4 101 11 100 Mar. 14 104 M ay 11 4 104 100% Feb. 10 77% Mar. 6 18 76% M ay 18 75 76% 9 14 99% Feb. 3 100% Apr. 14 100 103% M ay 4 104% M ay 28 102% Jan. 8 104% M ay 28 104% M ay 9 104% M ay 14 103% Jan. 2 105% Feb. 18 102% M ay 1 104 M ay 15 100% Jan. 5 104 Feb. 10 99% M ay 8 101% M ay 26 98 Jan. 2 101 % M ay 26 M ay 4 99 Mar. 24 100% Feb. 6 99% M ay 4 100 M ay 21 99% Apr. 14 100% Feb. 3 12 100 99% M ay 14 74% Jan. 2 69 M ay 14 70 M ay 13 69 Jan. 5 99% Jan. 16 M ay 1 94% M ay 12 91 93 103% M ay 12 104% M ay 28 102% Feb. 6 105 Apr. 2 86 May 1 89% M ay 28 85 Jan. 2 89% M ay 28 105% M ay 1 106% M ay 20 104% Apr. 3 107% Jan. 29 100% M ay 27 101% M ay 5 100% Feb. 6 102 Jan. 13 105% M ay 1!106% M ay 13 104% Jan. 13 106% M ay 13 105 M ay 1 105% M ay 8 103% Jan. 12 105% Feb. 24 86% M ay 1 91% M ay 27 83% Jan. 7 91% M ay 27 Jan. 2 98% M ay 4 95 M ay 1 98% M ay 26 91 5 100% M ay 16 98% 5 53 Jan. 7 98% M ay 25 73 71% Jan. 6 96% M ay 23 68 Jan. 8 92 M ay 23 Mar. 31 70% M ay 25 43 Jan. 13 69 M ay 26 41 42% Mar. 4 65% M ay 23 90% Apr. 22 95 Apr. 2 8 93% Jan. 9 98% M ay 8 3 94% Mar. 3 2 91% Jan. 20 89% Jan. 2 99% Feb. 6 23 77% Jan. 6 87% Feb. 9 M ay 5 5 99% Feb. 13 101 Mar. 27 102 Jan. 6 18 98 7 99% Feb. 26 102% Apr. 16 16 93% Jan. 12 99% M ay 6 4 104% Jan. 13 107% Apr. 20 3 107% Mar. 10 8 105% Jan. 21 93% Jan. 5 99% M ay 21 14 100% Jan. 2 104% M ay 14 5 90% M ay 11 96 Mar. 13 Mar. 9 100% M ay 18 18 98 28 99% Jan. 29 102 Feb. 19 15 92% Jan. 13 96% M ay 15 7 109% Mar. 21 112 M ay 7 1 106 % May 5 108% Jan. 21 Jan. 20 9 76 Jan. 7 91 22 76% Jan. 5 88 Mar. 22 M ay 28 81 M ay 28 28 81 18 99% Mar. 3 102 M ay 18 23 91% Jan. 2 99% M ay 23 93 Feb. 4 93 Feb. 4 68% M ay 28 73 69% Sale M ay 7 55 Jan. 6 76% Apr. 2 475,000 55% Sale 72% Sale 69% M ay 28 73 M ay 2 53 Jan. 2 75 Apr. 7 68% 70 84,000 72% Sale 68% M ay 2 ; 72% M ay 1 53% Jan. 9 77 68% Sale 72% Sale 364,000 54% Sale Mar. 31 24,000 54 Sale 71% 72% 68% 69% 69% M ay 20 71% M ay 8 59% Jan. 19 74% Apr. 8 M ay 1! 100% Apr. 29 102% Mar. 10 Sale 101% Sale 101% M ay 2 102 102 119,000 101% Sale Sale 98% M ay 1 99% M ay 29 95% Jan. 2 99% Feb. 6 98% Sale 100 583,000 95% Sale b On the basis of four marks to one dollar. c First installment paid. d Full paid. e Part paid z Flat price. Cash sales as follows: l Cash sale April 8. 583-4: m Mar. 20, 10134 r Jan. 27 9634 • 2 91 89% 85% 61 61 62% 91 96% 91% 94 79 100% 101% 101% 98 105% 105% 97% 103% 90% 100 101 94% 110% 106% 79 79 81 100% 97% M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 15 98% 2 96% 6 92 4 70% 23 69 1 65% 11 91 1 98% 13 93 1 97% 2 83% 15 101 22 101 % 16 102% 1 99% 2 106% 15 107% 4 99% 2 104% 11 92% 1 100% 1 102 2 96% 9 112 5 107 % 4 85% 1 28 81 2 102 1 99% M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay May M ay M ay M ay M ay 25 23 23 25 26 23 11 STOCKS— PRICES AND SALES FOR MAY AND THE YEAR TO DATE. In accordance with a rule o f the Stock Exchange, effective Oct. 13 1915, all stocks are now quoted dollars per share. Prices are on basis o f 100-share lots. Exceptions o f stocks which sell only in a small way are noted by the letter a. Option sales are disregarded. STOCKS N. 7 . STOCK EXCHAN GE Par Ann Arbor______________ 100 Preferred_____________ 100 Atchison Top & S Fe____ 100 Preferred_____________ l60 Atlanta Birm & A tl_____ 100 Atlan Coast Line R R ____ 100 Baltimore & Ohio_______ 100 Preferred_____________ 100 Bangor & Aroostook_____ 50 Preferred_____________ 100 Beech Creek_____________50 Bkln-Manhat tr ctfs_.no par Trust ctfs pref_____no par Buffalo Roch & Pitts____ 100 Preferred_____________ 100 Buffalo & Susqueh______ 100 Preferred_____________ 100 Canadian Pacific_______ 100 Canada Southern_______ ICO Caro Clinchfield & Ohio. 100 Central R R o f N J______ 100 Chesapeake & Ohio_____ 100 Preferred_____________ 100 Chicago & Alton________ 100 Preferred_____________ 100 Certificates__________ 100 Chic & East 111 RR (new)100 Preferred (new)______ 100 Chicago Great Western. .100 Preferred_____________ 100 Chic Milw & St Paul____ 100 Preferred_____________ 100 Chicago & North W est.. Preferred_____________ 100 Chic Rock Isl & Pac_____ 100 7 % preferred__________100 6 % preferred__________100 Chic St P Minn & Om___100 Preferred_____________ 100 O C C & St Louis_______ 100 Cleveland & Pittsburgh___50 Special odd lot________ 50 Colorado & Southern____ 100 1st preferred_________ 100 2d preferred__________100 Cuba RR pref___________100 Delaware & Hudson_____ 100 Del Lack & Western_____ 50 Denver Rio Gr & W pref. 150 Detroit & Mackinac_____ 100 Preferred_____________ 100 PRICES IN M A Y . SALES TO JUNE 1. In May Shares. 9,300 12,900 66,100 8,100 26,550 20,700 120,700 4,400 4,100 300 100 101,000 8,200 4,410 1,126 510 100 28,000 245 400 4,300 75,200 2,800 16,800 32,800 14,600 5,900 122,100 121,100 333,800 353,800 129,100 3,200 177,100 5,400 4,700 1,600 600 500 193 12,800 1,600 300 26,950 42,900 6,400 Since Jan. 1 Shares. 16,600 31,400 636,000 39,640 269,050 121,900 810,480 32,100 43,300 900 100 512,600 29,600 7,118 1,936 3,210 200 206,538 449 900 21,317 404,100 11,300 145,400 348,007 700 51,800 55,500 406,400 532,900 1,082,000 1,684,220 524,600 18,300 1,176,300 28,800 40,000 9,400 10,200 3,345 279 10 88,200 3,651 3,800 300 138,150 114,300 90,200 100 200 Jan. 2 1925. Bid. 22% 43 119 93% 4 149% 79% 65 39% 88 37% Sale 72% Sale 64 70 87% 92 _____ 88 150 56 Sale ------- 293 95% 107% 8% 15% Sale Sale Sale Sale Sale 35% 56% 9 27 15% 27 71 111% 44% 93 83 53 91% 141 69% 45 61 56 89 137% 144 42% 51 71 May 1. Ask. Bid. 22% Sale 50% Sale Sale 117% Sale 95% Sale 4% Sale 157% Sale 75% Sale 63% Sale 40% 95% 88% 41% 77 85% 97 86 50% 143% 57 280 92% 106% 5% 9 2 Sale 31% Sale 44% Sale 10% Sale 22% Sale 4% Sale 8% Sale 49% Sale 104% Sale 43% Sale 95 Sale 86 Sale 34 94 76 148 148 70% 69% 39% Sale 63% Sale 60% 57 58 Sale Sale 149% Sale 131 Sale 38 _____ 40 90 60 May 29. Bid. 29% 52% 120% 95% 5 165 79% 64% 39% 88% 38 47 Sale 78% 78% Sale 79 Sale 93% Sale 50% 52% 50% Sale 144 58% 59 Ask. Sale Sale Sale Sale Sale Sale Sale 63% Sale 94 Sale Sale 107% Sale Sale 10 32% 45 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 84 155 71 Sale 61 59 91 Sale Sale Sale 305 98% 111% 5 9 2 33% 46 12% 27 % 10 14% 57% 107 46% 98% 88% 40 81 140 69% 39% 61% 62% 59% 80 149% 144% 41 40 60 Lowest. RANGE SINCE JAN. 1. Highest. Ask. 30% 56% Sale Sale Sale Sale Sale Sale 39% 91% Sale Prices. Sale Prices. 22% M ay 1 34% M ay 1 50% M ay 1 60% M ay 8 117% M ay 1 121% M ay 23 94% M ay 7 96 M ay 19 4% M ay 1 5% M ay 6 157% M ay 1 165 M ay 7 75 M ay 1 79% M ay 29 63% M ay 5 65 M ay 29 39 M ay 12 41% M ay 7 91 M ay 11 91% M ay 20 29% M av 7 29% Sale 40 % M ay 15 47% M ay 29 Sale 78 M ay 2 80 M ay 5 82% 78% M ay 22 92% M ay 2 94% 93 % M ay 19 99 M ay 1 85 85 May 13 87% M ay 1 52 51% M ay 19 51% M ay 19 Sale 141 M ay 11 146% M ay 25 Sale 57% M ay 8 59 M ay 14 77% M av 15 78% Sale 280 M ay 1 306 M ay 27 Sale 92% M ay 1 99% M ay 18 Sale 107% M ay 4 111% M ay 29 Sale 4% May 6 6% M ay 2 Sale 7% M ay 6 9% M ay 2 10 May 5 34% M ay 11 34% 31 47 45 May 6 50 M ay 7 Sale 10% May 1 14% M ay 25 Sale 22% M ay 1 29% M ay 25 Sale 4% M ay 7 10% M ay 20 Sale 8% M ay 1 15% M ay 20 Sale 49% May 1 59 M ay 25 Sale 104% M ay 1 107% M ay 26 Sale 43% M ay 1 48 % M ay 8 Sale 95 M ay 1 98% M ay 28 Sale 86 M ay 1 88% M ay 28 42 34 M ay ! 41 M ay 25 85 80 M ay 6 84 M ay 25 140 M ay 20 146 M ay 18 154 70 M ay 19 70% M ay 2 Sale Sale 61 60% M ay 12 63% M ay 2 61 M ay 6 62% M ay 27 M ay 6 59 M ay 5 60 Sale Sale Sale 147% M ay 14 152% M ay 27 131 May 1 147 M ay 25 M ay 29 38 M ay 1 41 Lowest. Highest. Sale Prices. 3434 M ay 1 60)4 M ay 8 12734 Mar. 2 96 Apr. 20 734 Mar. 6 166 Mar. 3 8434 M ar. 6 6634 Jan. 6 4234 Jan. 15 90 Feb. 19 9434 Jan. 5 2934 M ay 7 29 34 M ay 7 35% Jan. 4734 M ay 29 72 ys Jan. 8134 M ar. 13 48 Apr. 92 34 M ay 2 86 Apr. 99 M ay 1 105 Jan. 15 84)4 Jan. 51 % M ay 19 5234 Feb. 16 13634 Mar. 30 15234 Jan. 8 M ay 14 56 Jan. 10 59 7534 Apr. 14 7834 M ay 14 Jan. 3 265 Mar. 30 321 89 34 Mar. 30 9934 M ay 18 10534 Apr. 14 11134 M ay 29 334 Apr. 24 1034 Feb. 9 5% Apr. 23 1934 Feb. 21 534 Mar. 28 9 Feb. 10 2934 Mar. 30 3634 Mar. 13 40 Mar. 30 5734 Jan. 2 9 Jan. 2 15 Feb. 7 1934 Mar. 30 3234 Feb. 6 334 Apr. 20 1634 Jan. 7 7 Apr. 20 2834 Jan. 7 47 Apr. 14 7534 Jan. 12 10134 Apr. 14 117 M ar. 5 4034 Mar. 30 5434 M ar. 3 92 Jan. 2 9934 Feb. 21 82 Mar. 30 8934 Mar. 3 33 % Apr. 22 5934 Jan. 13 7334 Apr. 21 108 Jan. 13 140 M ay 20 16434 Feb. 11 70 Apr. 30 7134 Apr. 11 3934 Apr. 16 3934 Apr. 16 4434 Jan. 6 6534 Apr. 18 60 Mar. 26 64 Feb. 9 M ay 6 54 Jan. 21 Jan. 2 86 Feb. 10 Apr. 6 13334 Mar. 30 M ay 25 125 Mar. 30 Jan. 12 3634 Mar. 24 Jan. 20 51 Jan. 20 Jan. 8 70 Feb. 2 Sale Prices. 22 Feb. 17 40 Mar. 24 116% Jan. 16 92)4 Feb. 17 3 Jan. 14 147% Jan. 16 71 Mar. 30 62 % Apr. 3 3534 Mar. 23 24 [Y ou 120. STOCKS—STOCK EXCHANGE RECORD STOCKS N. Y . STOCK EXCHANGE SALES TO JUNE 1. In May Par _ Duluth S S & Atlantic_ 100 Preferred_____________ 100 Erie____________________ 100 First preferred_______ 100 Second preferred_____100 Erie & Pittsburgh________ 50 Great Northern pref___ 100 Iron ore properties.no par Green Bay & Western_ 100 _ Gulf M obile & Northern. 100 Preferred_____________ 100 Havana R y El Lt & Pow.100 Hocking Valley__________100 Hudson & Manhattan_ 100 _ Preferred_____________ 100 Hlinois Central__________100 6% pref series A ______ 100 Leased line stock_____100 RR sec stock ctfs____1000 Interboro Rapid Transit-100 Int Rys of Cent Amer_ 100 _ Preferred_____________ 100 Iowa Central____________100 Kansas City Southern_ 100 _ Preferred_____________ 100 Lehigh Valley____________5u Louisville & Nashville_ 100 _ Manhattan R y guar____100 M od guar____________100 Market Street R y ______ 100 Preferred_____________ 100 Prior preferred_______ 100 Second preferred_____100 Michigan Central_______ 100 Minneapolis & St L ou is.. 100 Minn St Paul & S S M ..1 0 0 Preferred_____________ 100 Leased line___________100 M o Kan & Texas C o.-no par Preferred_____________ 100 Missouri Pacific com ____100 Preferred_____________ 100 Morris & Essex__________ 50 Shares ■ 2,000 2,300 5,800 52,200 2,000 100 74.400 30.000 270 71.700 11.700 59,500 441 64,600 2,400 14.400 620 225 1,180 29.000 2,500 Nashv Chatt & St Loui3.100 Nat Rys Mex 1st pref_ 100 _ Second preferred_____100 New Orl Texas & M exico.100 New York Central______100 N Y Chicago & St Louis. 100 Preferred_____________ 100 N Y & Harlem__________ 50 N Y Lack & Western_ 100 _ N Y N H & Hartford_ 100 _ N Y Ontario & Western. 100 N Y Rys partic ctfs. .no par _ Pref trust certifs_ no par New York State R ys____100 Norfolk Southern_______ 100 Norfolk & Western_____ 100 Preferred_____________ 100 Northern Central________ 50 Northern Pacific_______ 100 Pacific Coast____________100 First preferred_______ 100 Second preferred_____ 100 Pennsylvania______ ______ 50 Peoria & Eastern_______ 100 Pere Marquette________ 100 Prior preferred_______ 100 Preferred_____________ 100 Pitts Ft Wayne & C h ic..100 Preferred_____________ 100 Pittsb & West Virginia. .100 Reading Company_______ 50 First preferred________ 50 Second preferred______50 Rights_________ Rutland RR pref_______ 100 400 2.400 6.300 2,600 158,800 3.100 4.400 320 05 218,000 50,100 391 3.200 2.300 56,800 52.400 1,000 160 91,000 500 St Louis-San Francisco. .100 Preferred A ___________100 St Louis Southwest_____100 Preferred_____ ________lOO Seaboard Air Line______ lOO Preferred_____________ 100 Southern Pacific C o_____lOO Southern Railway_______100 Preferred________ ___ 1 0 0 Texas & P a c ific _ ___ 1 0 0 _ Third Avenue . . 10 0 Twin City Rapid Transit. 100 Preferred _______ ___ 1 0 0 Union P acific._____ ___ 1 0 0 Preferred. . . . ___ 1 0 0 United Rys Investment-100 Preferred_____________ lOO Virginia Ry & Power___ 100 Preferred_____________ 100 Wabash________________ 100 Preferred A ___________100 Preferred B ___________lOO Western Maryland______ 100 Second preferred_____100 Western Pacific________ lOo Preferred_____________ lOO West Penn C o_______ no par 7% preferred_________ 100 Wheeling & L E R y _____100 Preferred_____________ 100 Industrial and Miscell. Abitibi Power & P _ no par _ Adams Express_________ 100 Advance Rumely_______ lOO Preferred_____________ lOO Air Reduction Inc____no par Ajax Rubber Inc_____no par Ahumada Lead___________1 Alaska Juneau Gold M in.10 All American Cables____100 Allied Chem & Dye_.no par Preferred_____________ 100 Allis Chalmers M fg_____100 Preferred_____________ lOo Amer Agricul Chemical. .100 Preferred_____________ lOO American Bank N ote____50 Preferred______________ 50 American Beet Sugar_ 100 _ Preferred_____________ lOO Amer Bosch M agneto.no par Am Brake Shoe & F__no par Preferred_____________ 100 American Can___________lOO Preferred_____________ 100 Amer Car & Foundry_ 100 _ N ew__________________ Preferred_____________ 100 American Chain w i ______ 25 314.400 7.600 20.300 3.200 263.400 91.000 125,100 198,000 8.300 70.100 300 30,700 3.000 69,800 9,900 700 8,600 5,100 500 12,900 2.000 15.400 700 500 400 109,100 29.600 44,700 98.600 109 100 100] 56,2891 2,300! 6.200 2,600 1.100 358 44.500 162,800 12,200 17.100 13.700 4,315 Since Jan. 1. Shares. 3.600 3.700 251.400 384.500 30.700 171 394.100 546,090 270 136.700 29.800 59,500 441 347,809 12,600 83.800 7,820 402 3.450 244.400 25.300 5.400 3.000 401.200 12,600 371.100 72.900 4.900 53.600 12,100 17.300 3,000 12.900 10.700 31.700 99.700 27,250 6,180 600 167.300 3.200 57.300 1,800 42.100 56.400 400 700 3,700 1.300 45,600 8.200 300 671.800 2,800 400 70.300 900 4,800 25.200 28.600 31.200 27.200 290.200 370.700 35,950 99,080 4,187 581,800 20,750 396,600 9.500 204.100 229,850 3.600 2.500 50.200 3.400 278.900 43.900 1.900 3.750.700 17.400 155.100 71,600 5.600 60 944 2001 100 Sale Sale Sale 117 76 Sale 3234 1834 „ 234 Sale 58 Sale Sale Sale Sale Sale 2534 54 2334 Sale Sale 6234 62 34 Sale Sale Sale Sale Sa e 140 6 Sale 115 Sale Sale 90 May 1. 2734 9234 10 1 3034 67 112 111 75 34 7234 2034 2334 62 34 134 3334 5734 77 110 68 3834 8 27 48 20 5CP 234 3234 42 58 3434 82 34 77 34 7834 141 5 234 12134 116 125 91 Highest. Sale Prices. 2 34 M ay 14 5 M ay 6 2634 M ay 15 M ay 1 37 37 M ay 14 62 M ay 15 61 % M ay 1 28 34 M ay 23 5 75 2734 M ay i 92 34 M av i 112 16 127 IS 2934 M ay 1 67 M ay 1 11134 M ay 1 1 113 M ay 18 7434 M ay 1 7134 M ay 7 19 M ay 2 1 2134 M ay 18 Sale Prices. 4 M ay 2 0 634 M ay 2 0 3034 M ay 6 3934 M ay 6 3834 M ay 6 62 M ay 15 6834 M ay 23 3034 M ay 5 76 X 22 M ay 8 34 97 34 M ay 13 29 156 138 21 3234 M ay 6 M ay 6 70 11434 M ay 7 115 M ay 8 76 3 M ay 7 4 72 34 M ay 13 2334 M ay 29 25 M ay 2 0 150 144 5 6 Sale Sale Sale Sale Sale May 29. 140 5 134 121 11734 12634 10134 Sale 3034 Sale 21 Sale 14934 74 34 2634 6034 67 34 Sale 7334 Sale Sale 81 8134 Sale 4534 Sale 71 Sale Sale Sale 26 34 Sale Sale 43 34 Sale Sale 10334 Sale Sale 9334 Sale Sale 8734 Sale Sale 5134 Sale 14 0 934 1 Sale 6234 64 9534 95 9834 Sale 13634 Sale Sale 73 34 Sale 25 27 Sale 64 Sale 66 Sale 1 01 Sale 21J4 57 39 1434 2434 3434 8534 11834 95 15 2734 Sale Sale 41 Sale Sale Sale Sale Sale Sale Sale Sale 63 9134 1534 50 89 13 34 65 Sale Sale Sale Sale Sale 6034 7934 5034 71 2134 3934 10234 7734 3 4434 12X 6334 21 6234 40 1234 18 4034 9034 11234 9534 1234 24 Sale Sale 42 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 133 Sale Sale Sale 106 Sale Sale 171 81 84 47 7134 3434 4534 10034 9634 87 52 34 10 6834 96 14034 7434 27 76 11734 94 2834 67 47 34 1334 20 4134 92 14034 10934 16 34 3034 2 M ay 2 2 3 4 M ay 2 32 34 M ay 14 35 l M ay 7 A 57 K M ay 1 5 9 3 4 M ay 28 77 M ay 1 80 34 M ay 25 no May 1 11234 M ay 14 64 M ay 20 7034 M ay 1 2 38 M ay 1 43 34 M ay 9 9 M ay 4 10 ^ M ay 7 32 M ay 18 3 4 M ay 8 M ay 4 56 M ay 7 49 23 M ay 6 25 May 7 234 32 34 48 34 58 3334 8134 34 77 7934 M ay M ay M ay M ay M av M ay M ay M ay M ay 1 334 May M ay 27 35 8 4934 M ay 6 59 M ay 14 36 3 M ay 4 14 8434 M ay 1 3734 M ay 1 8234 M ay M ay 25 80 14 5 19 19 7 6 8 8 15 Sale Sale Sale 45 Sale 18 6434 Sale 7234 14234 Sale Sale Sale Sale Sale Sale 14034 6634 7734 37 34 4034 17 34 4434 M ay 4 142 M ay M ay 1 73 M ay M ay 1 90 M ay M ay 11 4034 M ay M ay 16 4434 M ay M ay 2 1934 M ay M ay 1 62 M ay Sale 85 Sale Sale Sale Sale Sale Sale Sale Sale Sale 70 7334 8134 4534 7034 26 34 43 34 10034 9034 8534 5134 9 63 34 Sale Sale 3034 Sale Sale - ... Sale Sale 49 Sale Sale Sale Sale Sale Sale Sale Sale 13534 7334 27 65 M ay 1 8434 M ay 20 M ay 2 8534 M ay 20 M ay 1 50 M ay 8 M ay 25 7234 M ay 6 M ay 1 3534 M ay 20 M ay 7 M ay 1 48 M ay 28 103 34 M ay 1 May 29 M ay 1 97 1 M ay 8 8734 May 1 M ay 1 5534 May 6 M ay 2 1034 May 28 1 May 27 M ay 16 7° 23 23 100 M ay 14 14134 M ay 23 M ay 14 75 M ay 6 M ay 2 3334 May 18 M ay 2 M ay 18 M ay 1 11934 May 16 iviay 19 19 97 M ay l 2934 M ay 22 M ay 1 6 8 34 M ay 20 M ay 4 4934 M ay 2 1 M ay 1 1534 M ay 15 M ay L 2234 M ay 8 M ay 23 4434 M ay 4 M ay L 9334 M ay 2 M ay 1 145 M ay 2 1 M ay 1 98 3 M ay 26 4 M ay 1 1834 M ay 2 1 M ay 1 33 M ay 15 10334 Sale Sale Sale 1034 39 3234 Sale Sale 100 100 97 21 6234 43 1234 18 4034 9034 11234 95 1234 24 M ay M ay M ay M ay M ay M ay 1 M ay 0 134 M ay 129 M ay 8434 M ay 11834 M ay 76 M ay 10534 M ay 1834 M ay 50 M ay 170 M ay 5534 M ay 3834 M ay 82 M ay M ay 29 10234 M ay 11034 M ay M ay 172 11834 M ay 196 M ay M ay 99 124 M ay 22 34 M ay 6434 9034 15 5234 10034 12 34 22 145 15 6 29 234 27 12334 1 11834 2 12634 18 9134 6 175 2 104 1 35 1 2634 1 294 2 6 1134 6 41 34 2 1 13334 2 6 7734 5 8034 1 66 12 24 34 29 6534 1 48 34 7 4434 1 1834 15 6634 81 6 4 72 M ay 6 M ay 7 M ay 6 M ay 8 M ay 4 M ay 5 M ay 28 May May M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 1 7534 M ay 1 9734 M ay 6 1834 M ay L 59 34 M ay 1 10634 M ay 1 5 14 34 M ay 1 1234 M ay 27 2 34 M ay 6 133 M ay 1 9534 M ay M ay 1 0 120 1 8434 1 15.10734 14 2134 1 58 6 178 6 ! 5834 13 41 5 8434 1 36 28 109 14 11334 1 194 8 12034 1 19634 1 11134 1 12534 2 2134 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay May M ay M ay 29 22 13 18 29 1 2 1 27 26 28 1 1 29 26 25 25 1 1 26 28 20 20 5 2 (l 23 20 2 * 15 14 Highest. Sale Prices. Sale Prices. 4 Jan. 2 2 34 Apr. 14 334 Apr. 14 634 Jan. 23 Feb. 24 M ay 15 34 2 1 5 Apr. 27 4634 Jan. 5 Apr. 24 4334 Jan. 35 M ay 15 60 V Jan. 23 62 s Apr. 24 7134 Jan. 8 60 27V Apr. 22 4034 Jan. 19 s 75 M ay 5 7634 M ay 22 M ay 8 23 Mar. 30 34 8934 Mar. 30 10134 Jan. 10 112 M ay 16 156 M ay 29 127 M ay 13 138 M ay 21 2134 Mar. 18 3234 M ay 6 M ay 6 64 H Feb. 18 70 i Mar. 31 11934 Jan. 7 111 11234 Apr. 23 119 Jan. 7 7234 Apr. 29 7634 M ay 7 Apr. 17 70 V Jan. 6 74 s 1334 M ar. 23 3434 Feb. 9 18 Jan. 8 2534 Apr. 28 5934 Jan. 2 65 Apr. 25 334 M ar. 6 I X Jan. 6 28 y8 M ar. 30 4034 Feb. 21 57 Jan. 15 5934 Feb. 24 69 Mar. 3u 8234 Jan. 10 106 Jan. 16 11734 Mar. 2 64 M ay 20 100 Jan. 14 32 X Mar. 23 5134 Feb. 9 734 Mar. 11 1034 Jan. 2 M ay 8 20 Jan. 13 34 43 X M ar. 20 56 M ay 7 M ay 7 16 Mar. 19 25 Feb. 7 510 Feb. 7 510 Jan. 5 4 M ar. 6 234 30 X Apr. 4 5634 Jan. 12 Jan. 9 Mar. 30 71 40 Feb. 9 May 6 63 58 28 X Jan. 2 4034 Mar. 4 74 X Jan. 2 8734 Feb. 5 Feb. 6 3054 Jan. 5 41 71 Mar. 30 8334 Feb 77 X Jan. 28 80 M ay 15 143 Apr. 334 Apr. 1 V Apr. s 11334 Feb. 113 Ji Apr. 120 Mar. 8834 Jan. 6 160 Jan. 25 100 Jan. 25 28 Mar. 18 20X Apr. 1 278 M ay 1 1 034 M ay 1 20 3932 M ay 1 21 Vs Apr. 25 12334 Mar. 1 75 3 4 1 an. 5 27 77 Jan. 23 5834 Apr. M ay 29 23 29 64 Jan. 1 34 34 Jan. 4234 Apr. 6 5 1334 Apr. 13 6234 Mar. 14 7834 Apr. 16 6834 Apr. 14034 Mar. 20 139 Jan. Mar. 23 63 29 6934 Mar. 21 3534 Mar. 29 3634 Mar. 2 1734 Mar. 1 27 42 Apr. M ay M ay , 1 3 4 M ay 1 2 0 3 4 M ay 1 1 5 3 4 M ay 123 M ay 9034 M ay 165 10134 Apr. 3034 M ay 21 M ay 278 M ay 934 3934 M ay 28 M ay 129 May 77 M ay 7834 60 M ay M ay 23 6534 M ay 4834 M ay 43 X M ay 1434 M ay 6334 M ay 79 M ay 69 M ay 150 Sale Sale Sale Sale Sale 75 Sale 9334 9534 1534 17 56 34 Sale 10434 Sale 1334 Sale 1234 Sale 134 Sale 134 154 113 122 133 143 9334 Sale 8434 Sale 119 Sale 11734 Sale 8434 Sale 7234 Sale 106 110 10434 Sale 2034 Sale 1534 Sale 5534 Sale 4434 Sale 162 Sale 180 190 53 55 55 5834 Sale 39 34 41 4034 Sale 84 86 90 8434 Sale Sale 35 Sale 33 Sale Sale 10334 Sale 99 Sale 109 110 11234 11034 115 11034 Sale 190 34 Sale 172 16034 Sale 11834 Sale 12034 Sale 115 34 Sale Sale 198 Sale 196 Sale 10734 Sale 99 Sale 125 124 Sale 124 Sale 2 2 s<4 Sale Sale 23 23 34 Sale 6434 9034 15 34 5234 10134 1334 1034 234 125 85 34 11934 76 105 1934 50 161 5534 3834 80 34 2934 104 Lowest. Lowest. Bid. Ask. 334 4 534 6 2834 Sale 3834 Sale 37 38 6 1 3 4 _____ 6734 Sale 2834 Sale 72 Sale 3134 Sale Sale 9634 Sale 153 Sale 120 138 31 Sale Sale Sale 70 Sale Sale 114 Sale 117 114 Sale Sale 7534 79 72 Sale 73 Sale 2234 Sale Sale 2434 24 6534 6434 65 3 234 Sale Sale 33 34 Sale Sale 5834 5934 Sale 80 Sale Sale 11134 Sale 75 66 78 Sale 42 Sale 10 934 10 35 3334 30 51 Sale 50 25 20 23 34 500 600 Sale 334 Sale 34 34 34 31 52 45 50 61 58 5934 Sale 35 Sale Sale 8334 Sale Sale 3534 Sale Sale 7934 Sale 80 7934 Sale Ask. 3 534 Sale Sale 3734 62 Sale Sale 10134 34 2434 283 1034 37 40 36 Sale 3034 Sale 3234 Sale 13034 Sale 13034 77 77 77 75 8034 7834 Sale Sale 60 6534 21 24 30 2434 70 90 65 6534 41 70 4834 Sale Sale 4334 4334 Sale Sale 17 1434 Sale Sale Sale 64 6134 79 83 80 8034 70 7434 6734 69 12634 130 141 140 14034 140 Sale 7234 6634 Sale Sale 8934 7834 Sale Sale Sale 39 4034 Sale 44 4134 Sale Sale 1834 60 62 4434 Sale Sale Sale RANGE SINCE JAN. 1. PRICES IN M A Y . Ask. Bid. Sale 234 734 434 Sale 2834 Sale 37 Sale 3634 62 60 Sale 62 Sale 2834 2634 Sale 9234 94 4,100, 140 4 8,500' 234 32,575 40.200 114 1,503,790! 11734 44.500J 125 32.300 8934 1.450 5° 5 100 1,316,200 3034 128,200! 2534 391 3,200 5,400, 129.200 2434 515,450 13034 4.400 76 772 7534 438,200l 6934 3,300! 25 400 54 5.500 54 374,039 48 8.900 1834 53,610 6 8 7.600 81 7.900 7334 50 753, 13934 120.400 7234 926.000 75 44,600; 38 51.100 4034 110.300 2234 8,215 i 5934 334.400 203.300 2,600 68.800 14.900 56.300 10.000 15.400 3.500 135.800 42,000 2.500 74.100 8.600 15.500 17.700 30.900 Bid. 4 7 3134 46 43 6034 70 3634 2534 6434 11634 115 74 71 3134 1734 60 134 34 57 7934 108 85 4734 1034 2.000 25 25.200 52 5.900 2 2 26 234 89.200 5.700 50 3.500 5834 1,100 58 34 1.243.700 2834 291.500 7434 587,520 3134 664.000 7234 1.091 7734 1,220,900 38.600 211,550 34.800 586,480 322.100 1,197,100' 1,137,000 87.300 703.900 39,500! 13.800 600! 533.700 33.100 30.700 45.100 84,000 100 1.075.700 1,234,800 15.400 361.500 85.400 604,050 76.700 50.100 20,5661 239.300 74,500, 3,4 0 0 Price about Jan. 2 1925. 155 Mar. 6 6 M ay 7 234 Jan. 12 12334 M ay 8 12434 Jan. 13 13734 Feb. 24 9234 Mar. 3 Feb. 7 175 104 M ay 25 3634 Mar. 2 27 Y Jan. 7 s 294 M ay 11 1134 M ay 11 4434 Apr. 15 M ay 1 34 13454 M ar. 20 Apr. 3 79 8034 M ay 27 7134 M ar. 6 38 M ar. 7 69 Jan. 22 5034 M ar. 7 4834 Jan. 5 2034 Jan. 12 Feb. 25 72 84 Jan. 16 7534 Jan. 10 14034 Mar. 4 M ay 20 142 73 34 Jan. 2 90 M ay 29 4034 M ay 27 4434 M ay 29 2434 Jan. 9 6234 Jan. 9 5734 Jan. 8434 M ay 20 4434 Mar. 8534 M ay 20 4434 Apr. 5334 Mar. 2 7034 Jan. 7534 M ar. 11 2034 Jan. 35 34 M ay 20 M ay 7 35 Mar. 48 9834 Mar. 10834 Jan. 9 M ay 20 7734 Jan. 97 83 Jan. 9234 Feb. 25 43 34 Jan. 5834 M ar. 13 734 Apr. 1434 Jan. 12 58 Jan. 70 M ay 27 9434 Jan. 100 M ay 23 13334 Apr. 24153 34 Jan. 10 Feb. 26 72 Jan. 30 76 1834 Mar. 33 34 M ay 18 4834 Mar. 7834 M ay 18 64 34 Jan. 11934 M ay 16 97 M ay 97 M ay 19 1934 Mar. 2934 M ay 22 5534 Jan. 6834 M ay 20 3834 Jan. 49 V M ay 21 s 11 Mar. 1734 Jan. 9 16 Mar. 2634 Jan. 9 3234 Jan. 55 Mar. 11 Mar. 11 8434 Jan. 100 105 Mar. 145 M ay 21 94 Apr. 9834 M ay 26 1034 Mar. 1834 M ay 21 22 Apr. M ay 15 33 Jan. 6 7534 M ay 29 Apr. 16 103 34 Jan. 9 Apr. 1 1 1834 M ay 13 Feb. 18 5934 M ay 18 Jan. 30 11134 Feb. 26 Mar. 19 1434 M ay 12 10 934 Apr. 2 1 1234 M ay 27 Jan. 6 1 2 34 M ar. 28 119 Jan. 5 133 M ay 26 80 Mar. 30 9534 M ay 28 Feb. 26 117 Jan. 9 120 7134 Jan. 5 8634 Mar. 13 103 34 Jan. 3 10734 M ay 26 1334 Mar. 19 2134 Feb. 11 3634 Mar. 23 58 M ay 25 161 Jan. 13 206 Feb. 11 5334 Jan. 10 5834 M ay 26 3634 Mar. 19 43 Jan. 7 8034 Jan. 19 8734 Jan. 6 2634 Mar. 24 54 34 Jan. 3 9034 Mar. 30 109 M ay 5 107 34 Jan. 12 11334 M ay 20 15834 Jan. 16 194 M ay 23 115 Jan. 29 12034 M ay 29 192 Jan. 5 232 34 M ar. 6 9734 Apr. 27 11134 M ay 8 12034 Apr. 2 12534 Feb. 18 27 Feb. 4 2234 Apr. 62 90 13 47 8634 J une, 1925.] STOCKS N. 7 . STOCK EXCHANGE Par American Chicle_____no par Preferred_____________ 100 C ertificates_______ no par Preferred certificates.-100 Amer Druggists’ Synd_ 10 _ American Express______ 100 Am Foreign & Power.no par Preferred_________ no par Am For Pr ctfs 25% pd in .. Amer Hide & Leather___100 Preferred_____________ 100 American I c e ___________100 Preferred_____________ 100 Amer Internat Corp_.no par Am La France Fire E ng. .10 Preferred_____________ 100 American Linseed______ 100 Preferred.____________ 100 Am Locomotive new_.no par Preferred_____________ 100 American Metal_____no par Preferred_____________100 American Piano pref____100 American Radiator______ 25 Preferred _ _:__________ 100 Amer Railways Express. 100 Amer Republics______no par American Safety Razor. .100 Am Ship & Comm____no par Amer Smelt & Refin_____100 Preferred_____________ 100 American Snuff________ 100 Preferred_____________ 100 Am Steel Foundries ctfs 33 New_______________ no par Preferred_____________ 100 American Sugar Refin_ 100 _ Preferred_____________ 100 Am Sumatra Tobacco_ 100 _ Preferred_____________ 100 Am Teleg & Cable______ 100 Amer Teleph & Teleg_ 100 _ American T obacco_______ 50 B ______________________50 Preferred_____________ 100 Amer Type Foundries_ 100 _ Preferred_____________ 100 Amer Wat Works & Elec. .20 First preferred (7 % )..1 0 0 Par tic pref (6 % )______ 100 Amer Wholesale, pref_ 100 _ American Woolen_______ 100 Preferred_____________ 100 Am Writing Paper, pref. 100 Amer Zinc, Lead & Sm_ 25 _ Preferred______________ 25 Anaconda Copper_______ 50 Archer Daniels Mid ..n o par Preferred_____________ 100 Armour (Del) pref______ 100 Armour o f Illinois Class A .25 Arnold Constable v t c.no par A rtloom _____________no par Preferred_____________ 100 Art Metal Construction.. 10 Associated Dry Goods_ 100 _ New_______________no par 1st preferred_________ 100 2d preferred_________ 100 Associated Oil____________25 Att Gulf & W I SS Lines. 100 Preferred_____________ 100 Atlantic Refining_______ 100 Preferred_____________ 100 Atlas Powder, new_ no par _ Preferred_____________ 100 Atlas Tack Corp_____no par Austin, Nichols & C o.no par Preferred_____________ 100 Auto Knit Hosiery_ no par _ Auto Sales_______________ 50 Preferred______________ 50 Baldwin Locomotive___ 100 Preferred_____________ 100 Barnet Leather______ no par Bamsdall Corp, Class A . .25 Class B _______________ 25 Rights________________ Bayuk Bros_________ no par Preferred_____________ 100 Beech-Nut Packing______ 20 Bethlehem Steel Corp_ 100 _ 7 % preferred_________ 100 Cum conv 8% pref____100 Booth Fisheries______no par 1st preferred_________ 100 British Empire Steel___ 100 1st preferred_________ 100 2d preferred_________ 100 Brooklyn Edison, Inc_ 100 _ Brooklyn Union Gas. .no pai Brown Shoe, Inc________ 100 Preferred_____________ 100 Briggs Manufacturing no par Brunswick-Balke-Coll.no par Brunsw’k Term & Ry SeclOO Burns Brothers______ no par Preferred_____________ 100 New Class B com _.no par _ Burro’s Add M ach_ no par Bush Terminal C o______100 N ew ____________________ Debenture_______________ Bush Term Bldgs, p re f.. 100 Butte Copper & Zinc______5 Butterick_______________ 1O0 Butte & Sup Mining_____10 Caddo Cent Oil & R ef.no par Calif Packing Corp..n o par California Petroleum_____25 Preferred_____________ 100 Rights________________ Callahan Zinc-Lead______10 Calumet & Arizona M g .1 0 Calumet & Hecla------------- 25 Case (J I) Thresh M ach. 100 Preferred_____________ 100 Central Leather________ 100 Preferred_____________ 100 Century Ribbon Mills.no par Preferred_____________ 100 Cerro de Pasco C op_ no par _ Certain-Teed Prod_ no par _ 1st preferred__________100 Second preferred_____100 Chandler M Car (The)no par Chic Pneumatic T ool___ 100 Chicago Vellow C ab_.no par Childs Co _________ no var STOCKS—STOCK EXCHANGE RECORD SALES TO JUNE 1. In May Shares. 27.400 1.300 4,500 500 18.700 8,200 131,400 17.900 4.300 7.900 21.400 34,600 5,600 33.900 19.700 400 19.400 9.900 64.900 500 6,100 600 14,100 3,500 10.300 25.100 180,400 3.900 900 300 7,000 4.900 900 77.100 5.700 68.300 43.400 1,240 46,102 45,900 49.400 4.700 1,500 200 134,100 700 10.400 110,000 25.600 7.900 5.200 2.900 93.500 3,700 1.200 5,100 62.600 13.300 7,300 720 100 8,800 1,200 1,000 600 123,600 65.500 12,900 24,000 500 700 100 7.600 18.300 1.600 5,200 100 335,100 1,000 107,700 3.200 143,421 2,400 400 26.400 65.400 1,600 1.200 5,600 100 800 200 31.100 182,900 36.200 300 288,600 34.500 1,000 12.100 300 26,400 2,200 7.300 13,100 6.900 200 8,400 6,050 37,000 3,800 48,300 221,400 44.200 47,850 15,600 3.300 3,700 5,000 4.900 41.200 72.500 3,200 47.400 145,800 300 1,100 38.400 13,600 1,100 21,000 Since Jan. 1. May 1. Bid. Shares. 71.700 39% 3.400 94 21,200 37 1,100 90 5% 124,220 92.000 162 275.600 114.100 25.200 126% 28.700 12% 87.600 69% 84.100 91% 12.000 79% 222,330 34% 93.400 11% 1.700 94 87,800 28% 65.700 53 985.700 107% 6,100 118 92.500 53% 1.400 115 1.400 94% 62,874 90 300 126 9.400 80 5.300 47 236,575 36% 149.500 11 % 817.300 98 16.100 107% 5.100 145 1.100 95 336,826 47% 4.900 6,600 107% 677,425 52% 34,275 93 196.000 12 56.900 34% 5.600 41 392,102 130% 210.500 87% 310.400 86 21.400 104% 6,200 1 12% 550 105% 429.600 39% 6,200 100% 32.000 96 550 92% 1,004,620 64 87.200 95% 24.100 5 25.000 11% 32.200 35 522.000 47% 25.600 27% 4.600 89 26,110 90 110.700 8% 84.000 7.300 720 1,800 15 86.200 133% Ask. Bid. Sale 53% 95 53% 95% Sale 5% Sale 130 34% 90 Sale 125 13% 9% Sale 67 Sale 100% 80% 78 Sale 35 Sale 13 100 95% Sale 27% Sale 69% Sale 119% 120 118 Sale 46% 119 111 95% 90% Sale 92 125% Sale 77 % 50 46 Sale 54 Sale 10% Sale 92% Sale 106% 147 140 100 100 Sale 48% Ask. Sale 107 Sale 108 Sale Sale Sale 38 Sale Sale Sale Sale 104% Sale 109 Sale 101 Sale 96 Sale Sale Sale 11% Sale Sale 28 94 92 Sale Sale Sale Sale Sale 42 Sale Sale Sale Sale 107% 108% Sale 102% 103 100 Sale Sale 4% Sale Sale Sale 33% 97% Sale Sale Sale 94 101 33% 22% 31% 95% 114 50 92 10% 31 87% 2% 3% 15 131% 116 8,100 35 745.600 23% 43.900 17% 148,321 37.700 47 1,200 96 155,800 71% 611.400 50% 24.500 95% 15.100 110 41.500 5% 600 28 2.600 2% 1.300 4.500 9% 112.100 121 428.400 79 % 112.600 72% 4.900 97 543.700 103.000 5.900 4 46.500 96% 4,600 52.700 22 34.300 64% 28.600 65% 13.100 6.900 1,200 96 8% 102.000 49,050 24 200.300 23% 41.300 1% 84.300 104 1,612,200 23% 101,200 100 47,850 109.600 4% 42.900 57% 23.700 18% 15,600 29 11.900 62 142,200 19% 291.100 56% 94.000 29% 3.400 94 323.100 55 341.100 44 3.800 2.900 303.600 36% 60.000 97% 8.800 54 67.900 Sale Sale Sale Sale Sale Sale 115 52 94 Sale Sale 89% Sale 5 16% Sale Sale 37% Sale Sale 1,200 5,975 3,566 460.700 478.000 120.600 150,900 3.900 3.700 600 44.600 93.300 5.700 17.600 2.300 3.500 2,555,350 6,620 RANGE SINCE JAN. 1. PRICES IN M A Y . Jan. 2 1925. Sale 15% Sale Sale 97 Sale Sale Sale 112 Sale 32 3 Sale Sale Sale Sale 99 5 Sale 97 23 65 98 Sale Sale Sale 1% Sale Sale Sale Sale Sale Sale Sale 66 Sale Sale 33% 96 Sale Sale Sale Sale 55 110 60% 96% 9% 36% 41 136 92% 91% 105% 104 105 53 99% 101 95 37% 77% 3% 7% 24% 36% 33 96 90% 20 9 Sale 131% Sale Sale Sale 9% Sale Sale 81 Sale Sale 97% Sale Sale Sale 119 Sale 115 93% Sale 130 79% 53 Sale Sale Sale Sale 143% 102 Sale May 29. Bid. 52% 105 50% 105 6% 137 35% 91 124 11% 73% 106% 83 34% 13 96% 28% 70% 124% 122 48 110 90% 95% 128% 78% 42 52% 8% 101% 108% 142 100% 40 110 65 98% 9 39 139% 96 95% 106% 108 100 63% 101 105% 95 38% 79% 4% 7% 28% 40 34% 96 93% 21% 9% 41% 101% 14 16 15% 184% Sale 208 53 Sale 98 99 104% 108 106 Sale 35 39 42% Sale 45% 44% Sale 44% 104% Sale 108% 113% 115% 116% 49% 46 47 92 93% 92% 12% Sale 11 Sale 24 25 92 89 89 2% Sale 3% 5 3% 3% 13 16 13 110% Sale 119% Sale 112 109 32% 36 32% Sale 22 24% 18 17 19 % Sale 39% Sale 41 94 96% 95 65 66% 70 39% Sale 40 94% Sale 95% 110% Sale 112 4% 4% 4% 29 25 25 2% 1% 1% 26 30 8 7% 7 Sale 132% 129 Sale 82 87% 79% Sale 99 100 101 105 36% Sale 42 33% Sale 28% 4 5 4% Sale 107 101 94% 96% 96 Sale 21 26% Sale 80 78% Sale 105 15% 83 97% 100 5% Sale 5% 17% Sale 19 9% Sale 10% % % % 104% Sale 117 28% Sale 29 Sale 122% 113 % 2% Sale 3 Sale 47 49 13% 14 12% 27 30 35 70% 71 80 16 Sale 18% 52% Sale 63% Sale 39 37 96 99 96 45% Sale 51% 43% Sale 51 95% 95 94 82% 89 34% Sale 35% 84% Sale 92 48% 53 47 Sale 51 53 Lowest. 35 Highest. Ask. Sale Prices. Sale Prices. Sale 49 M ay 4 55 V M ay 21 s 110 104 M ay 15 107% M ay 22 Sale 48% M ay 4 53% M ay 1 107 M ay 28 107 M ay 28 6% 5% M ay 5 6 % M ay 14 Sale 133 M ay 2 142% M ay 21 Sale 33 % M ay 4 38% M ay 6 Sale M ay 29 88 M ay 9 91 Sale 121 % M ay 11 126% M ay 21 Sale M ay 27 9 % M ay 5 12 Sale M ay 29 66 % M ay 2 74 Sale 100 % M ay 1 110% M ay 7 Sale 79 M ay 4 84 M ay 21 Sale 33 % M ay 27 37% M ay 14 Sale 12% M ay 9 13% M ay 2 97 M ay 7 97 M ay 7 97 Sale 27 V M ay 1 30% M ay 6 s Sale 69% M ay 1 71% M ay 7 Sale 117% M ay 14 125% M ay 21 122% 120 M ay 5 122 M ay 6 Sale 46% M ay 1 49 M ay 11 114 94 91 % M ay 28 93 % M ay 13 Sale 92 M ay 1 98% M ay 16 130 80 76% M ay 13 80% M ay 22 59 Sale 51% M ay 56% M ay 7 Sale 8% M ay 1 1 % M ay 14 Sale 92% M ay 102% M ay 27 Sale 106% M ay M ay 29 110 144 143 M ay 19 140% M ay 100 M ay 100% M ay 13 47% M ay 50 M ay 12 M ay 28 39 M ay 40 112 M ay 28 110 M ay 111 Sale 60% M ay 6 6 % M ay 29 Sale 96% M ay 98% M ay 29 Sale M ay 11 6 M ay 10 29 M ay 86% M ay 28 Sale M ay 14 39 M ay 42 Sale 136 M ay 139% M ay 29 Sale 90% M ay 96% M ay 23 Sale 91 M ay 96 M ay 28 Sale 105% M ay 106% M ay 13 110 106 M ay 110% M ay 20 107% 105% M ay 106% M ay 27 Sale 49% May 64% May 27 101% 100 M ay M ay 20 103 Sale 101% M ay 106 M ay 27 96 Sale 34% M ay 6 40% M ay 18 Sale 69% M ay 6 80% M ay 18 Sale 3% M ay 11 5% M ay Sale 7 M ay 12 8 % M ay 15 Sale 24% M ay 1 29 M ay 28 Sale 35% M ay 4 40% M ay 29 Sale 32 M ay 8 34% M ay 28 98% 96% M ay 25 98 M ay 21 Sale 90% M ay 1 94 M ay 21 Sale M ay 1 22% M ay 22 20 Sale 8 % M ay 20 10% M ay 27 42 M ay 18 39% M ay 14 44 103 101 % M ay 14 103% M ay 19 15% 15% MayJ18 15% M ay 18 212 184% M ay 1 214 M ay 25 52% M ay 28 53% M ay 28 Sale 96 M ay 5 99% M ay 26 107 105 M ay 12 106% M ay 25 Sale 35 M ay 1 40% M ay 22 Sale 42% M ay 1 48% M ay 6 Sale M ay 4 43% M ay 28 47 Sale 104% M ay 1 111 M ay 22 117 115% M ay 6 116% M ay 25 47% 46% M ay 28 49 M ay 12 94 93% M ay 4 93% M ay 11% 10 % M ay 21 1 2 % M ay Sale 23% M ay 6 27% M ay 14 93 89% M ay 13 93 M ay 14 Sale 2% M ay 1 4% M ay 14 5 16 14 M ay 27 14 M ay 27 Sale 109% M ay 13 120% M ay 29 Sale 109 M ay 1 112 M ay 29 34 Sale 21 M ay 25% M ay 28 19% 16% M ay M ay 28 20 *6 May 4 % M ay 27 Sale 39% M ay M ay 18 42 99 95% M ay 96% M ay 23 Sale 65% M ay 72 M ay 27 Sale 39% M ay 42 M ay 21 Sale 94% M ay 95% M ay 21 114 110% M ay M ay 5 112 Sale 4% M ay 5% M ay 8 30 29 M ay 8 29 M ay 8 2% 1% M ay 4 2% M ay 9 25 7% 7% May 7% M ay 4 Sale 1 2 8 % M a y 140% M ay 22 Sale M ay 82 91% M ay 22 Sale M ay M ay 29 74 100 107% 100 M ay 102% M ay 14 Sale 44% M ay 25 36% M ay Sale 27% M ay 33% M ay 2 5 4% M ay 5% M ay 19 Sale 99% May 109% M ay 9 97% 95% M ay 96 M ay 21 Sale 20% M ay 28% M ay 11 79 78% M ay 81% M ay 4 104 M ay 118% M ay 16 15 M ay 18% M ay 15 Sale 80 M ay 85% M ay 18 102 101 M ay M ay 14 101 Sale M ay 18 5% May 6 19% 17 M ay 21 M ay 19 Sale 6 % M ay 12% M ay 14 % % M ay % M ay 7 Sale 104 May 117% M ay 29 Sale 28% May 30% M ay 21 Sale 110 % May 123 M ay 22 % M ay % M ay 26 Sale 2 % M ay 3% M ay 18 Sale 47 M ay 51% M ay 16 13% 12 % M ay 13% M ay 4 Sale 28% M ay 35% M ay 28 Sale 70 M ay 80% M ay 26 Sale 16 M ay 2 0 % M ay 13 Sale 52% May 64 M ay 27 Sale 36 May 39% M ay 2 97 Sale 45% M ay 1 51 % M ay 29 Sale 42 M ay 9 51 % M ay 29 96 94 M ay 18 94% M ay 22 82 M ay 13 88 M ay 25 Sale 34 M ay 7 37% M ay 11 93% 84% M ay 1 96 M ay 18 48 47 M ay 18 48% M ay 15 Sale 51 M ay 1 54% M ay 8 Lowest. Highest. Sale Prices. Sale Prices. 37 Jan. 27 62 Apr. 18 94 Jan. 5 107% M ay 22 37 Jan. 7 58% Apr. 18 94 Jan. 19 107 M ay 28 5% Mar. 17 6% Jan. 22 125 Apr. 27 166 Jan. 2 27% Apr. 7 38% M ay 6 87 Jan. 6 94 Feb. 19 114% Apr. 7 127% Jan. 7 8% M ar. 31 14 Jan. 14 59 M ar. 31 75% Jan. 14 83 Mar. 18 110% M ay 7 74% Mar. 17 84 M ay 21 Feb. 5 32% Mar. 30 41 11% Jan. 2 14 Jan. 15 95% Feb. 27 97 Jan. 15 20 M ar. 25 30% M ay 6 53 Jan. 2 71% M ay 7 104% Jan. 5 144% Mar. 6 118% Mar. 20 124 Feb. 16 45% M ar. 30 53% Jan. 2 111 Mar. 30 116% Jan. 8 91% M ay 28 95 Jan. 7 89% Jan. 3 105 Jan. 17 126% Jan. 13 130% Apr. 2 76% M ay 13 84 Jan. 13 48 Jan. 8 66% Jan. 17 36% Jan. 2 59% M ar. 12 8% M ay 29 14% Feb. 28 90% Mar. 30 106% Feb. 10 105% Jan. 5 110% Feb. 5 138% Apr. 22 150% Feb. 19 98% Mar. 2 100% M ay 13 46 Jan. 30 54 % M ar. 4 39 M ay 26 40 M ay 28 108 Jan. 7 112 Apr. 18 47% Jan. 16 71% Apr. 14 91% Jan. 16 101% Feb. 28 6 M ay 6 24% Feb. 14 28 Apr. 27 86% M ay 28 Feb. 25 39 M ay 29 47 130% Jan. 2 139% M ay 29 85 Feb. 17 96% M ay 23 M ay 28 84% Feb. 17 96 104% Jan. 5 106% Apr. 28 103 Apr. 22 112% Jan. 2 105% M ay 2 110 Jan. 8 64% M ay 27 34% Jan. 103 Feb. 18 100 Jan. 106 M ay 27 95% Jan. 96 Jan. 97% Jan. 20 64% Jan. 6 34% M ay 96% Jan. 20 69% M ay 2% Apr. _ 7% Jan. 3 7 M ay 12 12% Jan. 9 24 % M ay 1 39 Jan. 9 35% Apr. 21 48 Jan. 3 26 Jan. 7 35% Feb. 13 90% Jan. 5 98 M ay 21 Feb. 14 90% M ar. 31 97 20 Mar. 19 22% Mar. 18 8 Jan. 5 12% Jan. 28 39% M ay 14 44 M ay 18 101% M ay 14 103% M ay 19 15 Jan. 7 15% Jan. 14 128 Jan. 5 214 M ay 25 52% M ay 28 53% M ay 28 94 Jan. 7 99% Mar. 12 Jan. 2 108% Feb. 7 101 32 Mar. 30 40% M ay 22 Jan. 5 48% M ay 6 20 Jan. 5 47% M ar. 3 31 95% Jan. 2 117% Feb. 5 113% Jan. 6 116% M ay 25 46% M ay 28 52% Feb. 24 92 Jan. 14 94 Jan. 9 9% Feb. 16 13 Apr. 28 23% Apr. 30 32% Jan. 12 M ay 14 87% Jan. 27 93 1% Jan. 7 4% M ay 14 4 Mar. 10 4% Feb. 10 13 Apr. 15 16% Feb. 3 107 Mar. 30 146 Feb. 26 M ay 1 116% Jan. 31 109 35 Jan. 5 49% M ar. 4 Mar. 24 30 Mar. 3 21 Feb. 6 16% Apr. 22 23 % M ay 27 1-64 M ay 16 39 Apr. 28 53% Feb. 14 95 Apr. 25 98% Feb. 16 60 Mar. 23 74% Jan. 10 38% Mar. 23 53% Jan. 13 94 Apr. 28 102 Jan. 31 109 Mar. 18 116% Feb. 9 4% M ay 4 7 Jan. 10 28 Jan. 5 34% Jan. 9 1% M ay 4 3% Jan. 26 30 Jan. 5 33% Feb. 25 7% Apr. 25 11% Feb. 24 1 2 0 % Jan. 2 140% M ay 22 75% Feb. 17 91% M ay 22 64% Mar. 31 100 M ay 29 96 M ar. 25 102% M ay 14 33% Mar. 17 44% M ay 25 27% M ay 8 49% Jan. 21 3 Feb. 17 5% Mar. 7 92% Feb. 11 109% M ay 9 93% Jan. 10 97% Apr. 16 17 Mar. 31 28% M ay 11 65 Jan. 3 82% Mar. 14 Feb. 26 118% M ay 16 86 15 M ay 14 18% M ay 15 M ay 14 85% M ay 18 80 M ay 14 96% Jan. 6 101 4% Mar. 31 8% Jan. 2 17 M ay 13 28% Jan. 3 6% M ay 5 24% Jan. 9 % Apr. 25 2% Jan. 12 100% Jan. 27 117% M ay 29 23% Jan. 2 32% Mar. 7 100 Jan. 2 123 M ay 22 % M ay 25 % M ay 26 2% M ay 8 4% Feb. 19 45 Apr. 22 58 Jan. 7 12% M ay 26 18% Jan. 5 24 Mar. 18 35% M ay 28 60 Mar. 11 80% M ay 26 14% Mar. 28 21% Feb. 7 49% Mar. 24 66 Feb. 7 31% Jan. 5 47% Mar. 7 95% Jan. 3 98% Jan. 14 43% Mar. 24 55% Jan. 2 40% Mar. 24 51% M ay 29 89% Jan. 28 95% M ar. 4 80% Feb. 13 88 M ay 25 28% Jan. 22 37% Apr. 6 80% Mar. 19 98% Jan. 3 47 M ay 18 55 Jan. 3 49% Mar. 31 56% Mar. 12 [V ol. 120. STOCKS-STOCK EXCHANGE RECORD 26 STOCKS N . T . STOCK EXCHANGE SALES TO JUNE 1. In May Par Shares. 58,200 Chile Copper_____________25 4,500 Chino Copper_____________5 1,000 d u e t t, Peabody & C o_ 100 _ Preferred_____________ 100 Coca Cola_______________ nopar 64,500 500 Preferred_____________ 100 74,500 Colorado Fuel & Iron____100 360,500 Columbia Gas & Elec.no par 4,600 Preferred_____________ 100 5,800 Columbian Carbon_ no par _ 200 Com Inv Trust__________ nopar 300 Preferred_____________ 100 5.400 Commercial Solv A _ no par _ B _____________________ nopar 5,500 Bights________________ 121,500 Congoleum Co new_ no par _ 1,600 Conley Tin Foil stpd- .no par 122,000 _ Consolidated Cigar_ no par 2,100 Preferred_____________ 100 40,900 Consol Distributors, .no par 302,500 Consolidated Gas____no par 49,000 Consol Textile_______ no par Continental Can Inc pref 100 100,900 Continental Can_____ no par 6,200 Continental Insurance____25 362,000 Continental M otors. .no por 700 C om Prod Kefg pref____100 164,200 New w i_______________ 25 Cosden & C o____________ nopar Preferred_____________ 100 600 Crex Carnet____________100 87,100 Crucible Steel o f Amer__100 1,600 Preferred_____________ 100 15,300 Cuba Cane Sugar____no par 55,400 Preferred_____________ 100 33,550 _ Cuban American Sugar_ 10 700 Preferred_____________ 100 10,100 Cuban Domin Sugar..no par 200 Preferred_____________ 100 2,800 Cudahy Packing________ 100 5,800 Cushmans Sons______ no par 100 Preferred_____________ 100 19,200 Cuyamel Fruit_______ no par 1,600 Bights________________ 4,300 Daniel Boone Wool M ills.25 83,100 Davison Chem v t c ..n o par 100 DeBeers Cons Mines.no par 200 Deere & Co pref________ 100 15,800 Detroit Edison_________ 100 150 Devoe & Baynolds 1st pf.100 Diamond M atch________ 100 26,400 Dodge Bros, pref, w i.n o par Class A ____________no par 240,400 245,300 Pref temp certifs_ no par _ 9,000 Dome Mines L td _____no par 20,000 Douglas Pectin______ no par 1,500 Duquesne Light 1st pref. 100 Durham Hosiery________ 50 17,700 Eastman Kodak_____no par 80,900 Eaton Axle & Spring, .no par 105,900 E I du Pont de Nem & ColOO 3,300 6% cumul pref_______ 100 35,100 Elec Pow & Lt pf 40 % pd w i 1,261,900 Certificates___________ 8,200 Full paid w i _________ 34,000 Elec Storage Battery.no par 300 Elk Horn Coal Corp______ 50 300 Preferred______________ 50 3,100 Emerson-Brantingham . .100 1,200 Preferred_____________ 100 13,500 E ndicott-Johnson_______ 50 600 Preferred_____________ lOO 1,200 Essex Cot M , 1st pref_ 100 _ 2,000 Exchange Buffet Corp.no par 900 Fairbanks Co (The)______25 16,400 Fairbanks Morse_____no par 180,100 Fam Players-Lasky. .no par 4,700 Preferred_____________ 100 12,900 Federal Light & Trac.no par 43,200 N ew ____ _______ 15 400 Preferred_____________ 100 1,500 Federal Min & Smelt___ 100 8,100 Preferred_____________ 100 5,400 Fidelity Phenix Fire Ins. .25 1,700 Fifth Avenue Bus____no par 68,500 Fisher Body Corp, N e w ..25 200 Fisher Body Ohio pref_ 100 _ 299,900 Fisk Bubber_________ no par 10,200 First preferred_______ 100 40,900 Fleischmann C o_____no pad 55,800 Foundation C o ______ no par B ig h ts_______________ 800 Franklin Simon pref____100 340,300 Freeport Texas C o_ no par _ 16,900 Gardner M otor______ no par 3,400 Gen Amer Tank Car____100 100 7% preferred_________ 100 65,200 General Asphalt________ 100 1,500 Preferred_____________ 100 7,000 Gen Baking C o______no par 100 Preferred__________no par 13,700 General Cigar Inc_______ 100 Preferred_____________ 100 100 Debenture pref (7 % )-.1 0 0 115,400 General Electric________ 106 17,700 Special when issued___ 10 476,800 Gen Motors Corp new no par 233 Preferred_____________ 100 400 6% debenture stock_ 100 _ 10,800 Preferred 7% new___ 100 185,900 General Petroleum_______ 25 3,300 General Befractories..no par 19,500 Gimbel Brothers_____no par 300 Preferred_____________ 100 73,300 Ginter C o ___________ no par 318,500 Glidden & C o________ no par 18,900 Gold Dust certifs____no par 76,300 Goodrich (B F )______ no par 1,600 Preferred_____________ 100 5,500 Goodyear Tire pr p f w 1..100 23,900 Preferred_____________ 100 5,400 Granby Cons M S & P ..1 0 0 Gray & Davis Inc___ no par 22,100 Great Western Sugar_____25 900 Great Western Sugar pref 100 3,600 Greene Cananea Copper. 100 2,400 Guantanamo Sugar_ no par _ Preferred_____________ 100 94,100 Gulf States Steel_______ 100 First preferred_______ lOO 200 Hanna lstpreferred_____100 1,300 Harbison Walker Bef____100 19,700 Hartman Corporation_ 100 _ 54,200 Hayes Wheel________ no par 1,100 Preferred_____________ 100 900 Helme (G W ).................. . 2 5 Preferred_____________100 Hoe (B) & Co Class A .n o par 1,200 Homes take Mining_____100 4,400 Household Products, .no par 10,300 Since Jan. 1. 1 Price about . Jan. 2 1925. Shares. Bid. Ask. 460,100 37 % Sale 22,950 27)4 Sale 24,900 60)4 Sale 1,000 102 104 426,300 80 Vs Sale 2,000 95 99 521,400 4334 Sale 846,200 4734 Sale 68,900 33,000 49 Sale 10,600 50 Sale 1,800 103 10334 83,250 121 Sale 106,450 122)4 Sale 13,000 585,700 42)4 Sale 34,700 1434 Sale 200,600 26)4 Sale 10,800 79% Sale 1,066,822 3% Sale 921,200 76% Sale 272,650 4)4 Sale 1,200 112)4 115 417,200 69 Sale 63,000 105 Sale 1,001,100 8)4 Sale 8,605 121 Sale 542,300 40)4 Sale 813,600 26% Sale 4,400 2,100 41 50 675,590 74)4 Sale 8,200 9334 Sale 149,300 13 Sale 420,500 59 Sale 226,770 29% Sale 3,100 96% 98% 69,568 6 Sale 12,700 43)4 Sale 2,800 11,800 66 67 400 100 .. .. 121,400 54 Sale 34,440 62,700 734 Sale 479,500 45)4 Sale 2,000 2334 Sale 3,500 81)4 83% 52,810 112% Sale 650 9634 100 200 228,350 240,400 245,300 84,800 1334 Sale 51,000 16 Sale 14,510 105)4 Sale 600 2 8 185,500 111 Sale 141,400 15 Sale 531,800 139% Sale 13,550 9434 Sale 52,300 1,503,800 9,300 272,700 62 % Sale 1,600 1134 1234 500 21 25 12,400 2)4 Sale 4,500 15 Sale 57,900 69 Sale 4,500 1,500 10,200 19)4 Sale 1,900 2% 3 87,900 32)4 Sale 867,800 9734 Sale 29,400 107 Sale 69,100 116 Sale 43,200 1,820 84 87 10,500 2134 24 47,000 61 V Sale s 18,960 11,000 1134 12 166,200 2,800 103 106 847,900 1334 Sale Sale 55,300 85 226,100 85% Sale 311,480 91 Sale 74,251 3,400 10434 Sale 550,600 10 V Sale s 231,300 434 Sale 48,200 2,700 Sale 370,600 63 15,500 100 Sale 15,500 145 Sale 121 600 119 s 66,900 96 V Sale 108 1,400 103 110 1,100 105 Sale 781,210 317 116,600 11)4 Sale Sale 4,500,500 66 94 1,633 92 94 2,000 92 79,050 102)4 Sale 1,501,400 4234 Sale Sale 35,480 53 153,900 55)4 Sale 7,100 105 Sale Sale 134,300 24 774,800 14 Sale 63,400 42)4 Sale 541,200 37% Sale 92 14,200 90 32,600 104 Sale 161,100 89% Sale 51,600 2034 Sale 434 Sale 17,700 133,400 92% Sale 5,900 111)4 Sale 21,200 19% Sale 5)4 Sale 11,200 100 ____ 92 351,500 87)4 Sale 103 545 102 89 5,250 87 130 _____ 145,000 34)4 Sale Sale 222,600 38 7,700 100 Sale 9,600 _____ 80 11234 _____ 9,600 47)4 49% Sale 17,800 43 91,300 34)4 Sale 1 PRICES IN M A Y . May 1. May 29. Ask. Sale Sale 71 Lowest. RANGE SINCE JAN . 1. Bid. 34 V s 21 V s 63 106 Sale 11334 101)4 Sale 3834 Sale 66 34 Sale 109 34 47% 48% 61 57% 103 103 34 Sale 96 34 Sale 94 V s Ask. Sale Sale 32 Sale 19 Sale 6034 107 Sale 103 Prices. Sale Prices M ay 4 35% M ay 28 M ay 4 22)4 M ay 18 M ay 6 M ay 18 63 Sale Sale Sale Sale 60 10634 Sale Sale M ay M ay M ay M ay M ay M ay M ay M ay 26)4 3 2734 85% 534 79 3 114)4 6434 110 934 121 35 V s Sale 3V s Sale Sale Sale Sale Sale 26% 1 44 85 34 5 87 3 117 Sale 66 V s 11034 114% Sale 10)4 122% 122 Sale 33 Sale Sale Sale Sale Sale Sale Sale 123 Sale Sale Sale Sale Sale Sale Sale 93 Sale Sale Sale 98 Sale 39 50 Sale 9534 Sale Sale Sale 97 4 34 36% 97 Sale 44 65)4 92 11 48 V s 28 96% 4% 36 6434 101 5434 1)4 2% 2834 20 V s 93 116 97 115 9734 Sale 105 Sale Sale Sale Sale 22 V s 96 V Sale 100)4 48 69 34 95)4 1 1% 51 30 % 95 V 4% 35 75 101 54 Sale Sale Sale 22 98 Sale M ay 2534 M ay 34 M ay 27 M ay 8534 M ay 4 M ay 78 V M ay s 2Vs M ay 64 % 109 9 121 32)4 1 11634 10134 4 41% 1 69% 1 109J4 19 50)4 22 58% 4 103% 25 101 25 100% 16 19 1 29 19 1 6 Sale Prices. 3034 M ar. 30 19 Apr. 23 58% M ar. 17 103J4 Jan. 16 20 80 Jan. 6 15 12 32% Apr. 21 21 45% Jan. 21 29 10434 Jan. 3 20 45 Mar. 24 21 50 Jan. 2 26 102 Mar. 19 4 80 M ay 25 5 76 M ay 25 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay Apr. 29 4334 Jan. Feb. 34 M ay 19 17 26% Jan. 2 44)4 M ay 79% Jan. 2 89V Feb. s s 334 Jan. 7 9 V Feb. 7434 Mar. 30 89% M ay 2 V Mar. 19 5 % Jan. s 114 Feb. 6 11634 Feb. 7 60% Mar. 29 6934 Jan. 15 103 Jan. 5 120% Jan. 9 834 Jan. 2 11)4 M ay 5 11834 Jan. 7 123% M ar. 4 32 V M ay 29 41)4 Feb. s 2634 Mar. 30 35)4 Feb. 90)4 Feb. 10 M ay 18 36 Mar. 30 51 22 64% Mar. 30 79% Jan. M ay 8 96 Jan. 28 92 14 10)4 Apr. 29 14)4 Feb. s 14 47% Apr. 30 62 V Feb. M ay 6 3334 M ar. 29 27 Mar. 8 95% M ay 5 101 8 4)4 M ay 13 6Vs Feb. 7 36 M ay 11 4434 Jan. 18 97% M ay 22 9834 M ay 15! 62 Mar. 30 78 M ay 103 Mar. 26 M ay 25 50 Feb. 17 59 29)4 M ay 6 3 34 M ay 8 44 V M ay 29 s 89 34 M ay 8 5)4 M ay 1 89% M ay 23 334 M ay 14 M ay 1 6734 M ay 5 11734 M ay 1 11 V s M ay 13 122% M ay 29 3734 M ay M ay M ay M ay M ay 44 M ay 1 51 M ay s 6534 M ay 1 72 V M ay 92 M ay 8 95% M ay 10)4 M ay 4 12% M ay 47 V M ay 1 53 34 M ay s 27 M ay 6 30 34 M ay 95)4 M ay 5 97)4 M ay 4)4 M ay 13 5 M ay 36 M ay 11 3634 M ay 9734 M ay 22 98% M ay 6434 M ay 1 78 M ay 101 M ay 5234 M ay 11 59 M ay 134 M ay 1 2 M ay 29 234 M ay 28 34 M ay 1 42 V M ay s 21 V M ay 26 2134 M ay s 96 % M ay 6 96% M ay 116 M ay 1 125)4 M ay 9934 M ay 5 10034 M ay Salt Prices. 3754 Jan. 2 28 Vs Feb. 9 71% Jan. 12 108 Feb. 21 11634 M ay 20 10134 M ar. 2 48% Jan. 13 69% M ay 21 10934 M ay 29 51 % Jan. 8 67 Feb. 16 106% Jan. 19 190 Jan. 29 189 Jan. 29 25 2 10 29 14 19 23 7 18 2 26 9 25 25 2 18 17 15 9 26 3 13 27 6 18 15 18 25 23 7 V Jan. 9 s 30 49% Jan. 23 18 2434 Jan. 28 Apr. 29 6 97 5 125 V M ay 22 s 29 10034 M ay 12 11 118 Feb. 5 96)4 M ay 1 i0334 Apr. 9 26 M ay 11 24% Sale 7334 M ay 7 79 M ay 11 78% 13% M ay 14 1634 Jan. 19 14% Sale 13 V 14 s 16 M ay 16 1934 M ay 12 16 1634 19 34 Sale Sale 10734 M ay 107 7 110 M ay 14 10734 110 9 Jan. 31 2 15 234 15 Sale 108)4 Sale 108)4 M ay 29 111 M ay 29| 108)4 Mar. 19 118 Jan. 19 109 14 M ay 4 20% M ay 27 10% Feb. 13 2034 M ay 27 14)4 Sale 1834 Sale Sale 144% M ay 1 169)4 M ay 20 134% Jan. 6 169)4 M ay 20 144% Sale 167 Sale 96% M ay 9 9734 M ay 11 94 Jan. 23 9734 M ar. 4 96 97 34 97 101% Sale 10834 Sale 101% M ay 1 108)4 M ay 29 100 Mar. 18 108)4 M ay 29 34 V Sale o M ay 20 M ay 20 17)4 Apr. 25 37 23% Sale 21)4 M ay 4 37 Sale 10734 Sale 103 M ay 1 109)4 M ay 29 10034 Mar. 28 109)4 M ay 29 103 62 V Sale s 62)4 M ay 1 66)4 M ay 22 60% Mar. 30 70M Jan. 3 6434 Sale 12 9 8 M ay 5 834 M ay 19 8 11 734 Feb. 17 1034 Jan. 22 22 16 M ay 26 16 M ay 26 2034 Jan. 19 19 V s 1)4 M ay 1 234 M ay 14 134 M ay 1 2% Jan. 3 2% 134 Sale 134 Sale 8 8 M ay 27 10 M ay 18 8 M ay 27 15 Jan. 2 9 1034 Sale 68 66 6934 66 M ay 1 7134 M ay 25 63% Apr. 2 72 Jan. 9 113 113% 111 May 28 114 M ay 27 111 M ay 28 116% Feb. 16 113)4 115 9734 Apr. 9 97 97)4 97 1634 17 s 18 16 16)4 M ay 2 1834 M ay 6 1534 Apr. 8 19V Jan. 3 3% M ay 9 434 M ay 28 4 2% Mar. 27 434 M ay 28 334 434 134 Sale 37 3434 M ay 15 38 M ay 26 32% Jan. 2 38% Mar. 12 3534 Sale Sale 98 M ay 1 108% M ay 19 90% Feb. 17 108% M ay 19 9834 Sale 107 107% M ay 2 112% M ay 25 103)4 Feb. 17 11234 M ay 25 107 108 110% 111 Sale 149 M ay 1 168 M ay 7 114% Jan. 3 168 M ay 7 149 31% 30 M ay 21 33% M ay 14 30 M ay 21 33% M ay 14 M ay 11 85 Jan. 14 87 Mar. 9 85% 8634 85 V M ay 26 86 s 8534 88 15% M ay 6 17 M ay 20 1534 Mar. 13 25 Jan. 19 1534 1634 16 34 18 54 52 55 55% 52% M ay 6 56 V M ay 20 4934 Mar. 11 6434 Jan. 15 s 163 M ay 7 175 M ay 15 147% Jan. 6 175 M ay 15 160 16934 Sale 161 s 1434 M ay 5 15)4 M ay 18 12 Jan. 8 15 V M ay 18 1434 14)4 15% Sale M ay 28 Sale 65 V M ay 1 73 s M ay 28 60% Feb. 17 73 65% Sale 73 109 104% 108 107 M ay 12 107 M ay 12 10434 Mar. 23 109 Apr. 6 105 14% Sale 13)4 M ay 6 1734 M ay 13 10% Mar. 24 17% M ay 13 16)4 Sale Sale 85% M ay 1 96% M ay 29 7534 Jan. 16 9634 M ay 29 8534 Sale 95 Sale 82)4 M ay 2 87 M ay 21 75 Mar. 19 87 M ay 21 83 34 Sale 86 Sale 114% Sale 110 M ay 1 116% M ay 19 90 Jan. 6 116% M ay 19 110 2 F eb. 24 103% Sale 103% 104 103 % M ay 1 104% M ay 16 101% Mar. 9 104% Jan. 8 8 Mar. 18 1834 M ay 11 10% M ay 1 1834 M ay 11 16% Sale 10)4 Sale 4 34 Jan. 2 1634 M ar. 2 9 V M ay 8 11)4 M ay 26 s 1034 Sale n vs Sale 46% 48 45 34 M ay 2 4834 M ay 20 44% Apr. 27 58% Jan. 10 4434 46 97 99 98 M ay 4 98 M ay 4 93% Feb. 16 99 Jan. 19 9834 97 55% Sale 49% M ay 1 5834 M ay 21 4234 Mar. 30 63% Jan. 2 49% Sale Sale Sale 91 97 M ay 25 86)4 M ar. 17 100 Jan. 2 90 V M ay 4 97 s Sale 127 M ay 27 143 M ay 15 121 M ar. 7 147% Jan. 2 130 129 134 120 116 115 11934 119% M ay 5 119% M ay 5 119 Jan. 9 12034 Apr. 29 Sale Sale 88 88 s 8434 M ay 4 90 V M ay 14 84 34 M ay 4 101% Mar. 4 111% Mar. 12 102% 109 104% 109 109 100 106 M ay 21 106 M ay 21 106 M ay 21 10934 Feb. 25 106 108 Sale 285)4 Sale 267 M ay 1 287 J4 M ay 20 227% Feb. 17 320 Jan. 2 267 Jan. 2 11% M ay 26 1134 M ay 1 1134 M ay 26 11 1134 Sale 11)4 Sale Feb. 10 73 M ay 1 78 M ay 25 64)4 Jan. 5 79 73)4 Sale 77% Sale Feb. 13 9434 Jan. 21 90 M ay 26 93 M ay 7 90 9134 9234 90 91% M ay 29 92 M ay 4 8834 Apr. 21 94 Jan. 13 91% Sale 9134 92 106% Sale 107 % Sale 106% M ay 6 107% M ay 22 102 Jan. 5 108)4 Feb. 2 53% Sale 50% Sale 50)4 M ay 1 54% M ay 25 42 Jan. 16 5734 Mar. 3 Apr. 28 58% Jan. 14 Sale Sale 43 M ay 1 4834 M ay 28 43 43 48 Sale Sale Mar. 16 57 Jan. 13 49 M ay 1 54 V M ay 26 47 49 54 s 104 103 103 10434 103 % M ay 2 104 M ay 27 102 34 Mar. 14 10534 Jan. 20 s Sale 29 28)4 M ay 5 40)4 M ay 15 22% Feb. IS 40 V M ay 15 3634 Sale Sale s 21% Sale 22 2034 M ay 7 23 V M ay 1 ' 1234 Mar. IE 23 V M ay 1 s Sale Mar. S 4234 M ay 20 39 3834 M ay 1 4234 M ay 20 37 3834 Sale 52 % Sale 5134 M ay 21 55 M ay 11 362^ Jan. 5 5534 Apr. 6 53)4 Sale 97% 99 V 9734 M ay 5 99 34 M ay 22 92 Jan. S 99)4 M ay 22 g 97 34 Sale 103 % 104 105% Sale 10334 M ay 11 105% M ay 29 103 Apr. 27 107 % Mar. 6 s s 95)4 M ay. 1 101)4 M ay 27 8634 Jan. 6 101 V M ay 27 95 V Sale 100 V Sale s 1334 M ay 7 16 M ay 20 13 Mar. 3C 21% Jan. 14 1334 1434 15% 16 434 Jan. 2 7 34 Jan. 3 Jan. 16 100)4 M ay 28 Sale s 99% Sale 94 M ay 1 00 V M ay 28 91 94 110% 112 109 M ay 5 110)4 M ay 27 107 Apr. 16 111 % Jan. 3 108)4 109 1234 Sale 13 V Sale s s 1234 M ay ) 13 V M ay 20 11% Mar. 19 19% Jan. 2 4)4 M ay 6 634 Jan. 5 4% 5 4)4 M ay 6 534 M ay 22 534 534 85 V 80 Jan. 2S 80 Jan. 23 77 V 8534 s Sale 1 87% M ay 2 6734 Mar. 24 94)4 Feb. 5 69 85)4 Sale 69 M ay 101 101% M ay { 103 M ay 25 101% M ay 9 105)4 Jan. 20 105 103 104 M ay 28 89 Feb. 11 51 M ay 28 63 M ay 13 51 6234 Sale 55 V Sale s 27 V s 34% 103)4 67 Sale Sale Sale 70 46 V 47 4434 Sale 35)4 Sale 2 38 34 20% 94% 124 98 115 3434 59% 105 46 % 56 V s 102 % 80 76 Highest. Lowest. Highest. Bid. 32% 1934 69% 10534 103 10034 35% 59% 105% 47 56)4 102 100 9534 29 Sale 38% Sale 103 105 71 72 Sale 44 3534 35% 1)4 Apr. 2 20 27 V Apr. s 26 2034 Mar. 20 82)4 Jan. 22 110 Jan. 12 9734 ___ 116 Jan. Feb. 1 00% M ay 5 96 V M ay s 26 M ay 111 7 79 M ay 11 7334 M ay 4 15 M ay 26 12% Apr. 2 19% M ay 12| 14 Feb. 4 110 M ay 14 105 Jan. 27)4 34 V s 103)4 66 M ay M ay M ay M ay 1 ^ ] 7 31 % 4034 105% 72 M ay M ay M ay M ay 16 25% 27 30 2i 100 12 66 4634 M ay £ 4734 M ay 25 44 M ay 13 45% M ay 20 3534 M ay 22 36% M ay 19 Apr. Mar. Jan. M ay 45 Apr. 43 Jan. 3434 Jan. 2‘ 37% V 43% 7 10534 7 | 77% Jan. 7 Jan. 3 M ay 28 Jan. 21 48)4 Jan. 9 E 50 Jan. 12 37V Jan. 20 s STOCKS-STOCK EXCHANGE RECORD J une, 1925.] STOCKS H. Y . STOCK EXCHANGE SALES TO JUNE 1. In May 3,500 13.300 1,100 172 13.700 1.300 26.300 12.300 300 11,200 3,600 25,000 231,900 37.700 1.300 41,330 103,500 158,300 600 199,400 200 15,500 400 1,700 600 62,100 6,800 3,900 600 5,500 800 26,100 1,800 500 18,300 1,600 77,200 2.400 7,700 7.400 119,900 3,950 15,200 400 1,200 200 9,000 600 100 200 10,000 7,100 1,000 14,200 25,500 88.300 14.300 3,200 12,400 200 500 32.600 89,900 40.600 15,200 100 3.800 3.800 1,300 555,900 800 3,500 28,200 500 42,600 34,000 200 1,100 300 5,100 15,200 37.800 18.700 427,900 29.800 30.700 36,100 16.500 18.500 453,800 164,300 142,500 300 1,200 9,900 42,300 37,700 128,700 2,600 20,400 6,500 440,300 500 283,200 73,200 45,900 86,100 3.400 100 1,300 7.700 8.700 3.400 8,100 200 107.500 2.400 1,036 91.700 4.700 126.500 71.200 700 45.700 3.600 84,739 999.500 178.300 7.600 161,930 656,400 1,062,320 5,205 495.200 500 34,350 400 433 7.800 May 1. 117 % Ask. Bid. Sale 59 54 Sale 51 Sale 16)4 Sale ___ 7)4 Sale 2554 17 15)4 91 Sale 754 75 236 255 Sale 3854 107 10654 Sale 22 54 Sale 1154 45 Sale 120)4 52% 37)4 10754 112 1354 45)4 27 95 59 Sale Sale Sale 115 Sale Sale Sale Sale Sale 5% 246 47 % 10554 32 1% 73 75 115 Sale 1,200 11754 1 2 0 123.600 92 Sale 50.400 16.900 26 Sale 4.100 90 92 20,100 20 21 8,200 103 Sale 34.500 20 H Sale 3.100 Ul >4 113 Sale 190.600 49 Sale 4.900 99 30.500 54 Sale 64.400 26 2754 2.800 86 8954 Sale 227.200 17 4,500 5254 5354 17.900 45 51 16.900 9754 Sale 1,200 109 110 1,028,700 5654 Sale Sale 75,450 2 26,800 8554 Sale 1.900 96 98 9,108 475 490 400 42,000 44 4454 2.700 90 9054 400 26 28 1,000 96 100 Sale 41.800 111 100 76 -----41.800 1254 13 151.600 7054 Sale 11,252 11654 11954 Sale 44.100 6 6 105.900 6654 Sale 100.600 Sale 610.500 23 177.000 6)4 Sale 36.600 70.100 7754 Sale 750 102)4 106 700 102)4 106 3.800 108 111 226.300 34)4 Sale 721.000 466.900 3654 Sale 21.600 92)4 94 1.100 10254 107 25,675 16 Sale 6.800 11554 117 4.400 6 8 6854 2,019,400 11854 Sale 6,800 106 107 3.700 6,800 99 Sale 120.500 6 8 69)4 118 2,0 0 0 115 Sale 206.000 44 68,340 260.900 3354 Sale 4.600 85 90 53 8,000 48 2,000 80 83 72.200 43 54 Sale 102,000 30)4 Sale 200 153,100 29)4 Sale 271.200 2854 Sale 2,152,800 38)4 Sale 45.800 12)4 13 86.300 35)4 Sale 32.700 151.500 5654 Sale 100 60 94 45,951 584,250 81)4 Sale 18.500 Ssle 2,719,830 36 167.600 391.600 110)4 Sale 1,198 121)4 124 _____172 3,600 9754 98 84,300 , 18 Sale ____ 110 192 Sale 445.600 21 Sale 278,300 23 191,900 3,100 1)4 Sale 173,200 300 Sale 17,400 96 1,300 28)4 2954 72 482.600 71 1,800 107)4 11054 Sale 1,436,800 47 231.700 2354 Sale 9 Sale 198.700 102,500 27,800 16)4 17 87 500 80 Sale 7,500 33 24.200 64,000 198 Sale 18,500 10454 Sale 26.200 654 654 May 29. 7)4 Sale Sale 92 3154 19 81 8 754 85)4 78 245 235 Sale 4154 107 108 Sale 27 Sale 1 1 % 60 53 Sale 123 154 6154 Sale 6454 3554 Sale 40)4 Sale 110)4 107 115)4 Sale 117 11)4 Sale 854 42 Sale 3654 29)4 Sale 2954 97 )4 Sale 97)4 73 56)4 Sale 103 7454 Sale 80)4 70 77 70 126 148 11754 119)4 1 2 1 89)4 Sale 1 1 1 22 72 19 106)4 16 113 4654 25 85 Saie 107 54 Sale 1 13)4 Sale 2 1)4 107 47)4 2)4 74)4 95 370 113 32)4 Sale Sale 91 Sale 50 51 96 72 18)4 105)4 15 114 45)4 10254 % 28Va 99 18 57)4 57 96 112 110 161 85 14 63 54 11654 60 5854 Sale 91 Sale Sale 2854 754 49)4 85 105 108 108)4 34)4 1654 37)4 82 Sale Sale 50 Sale 107 115 101)4 78)4 115 38)4 Sale Sale Sale Sale 1 2654 90 47 79)4 51 2354 106 47)4 26)4 37)4 11)4 29)4 Sale 91 50 Sale Sale Sale Sale 27 Sale Sale Sale 69 10 0 54 25)4 86)4 17 47 49 88 Sale 51 Sale 254 Sale 84 97 97 % 375 38454 115 107)4 34 36 88 90 90 29 25 25)4 99)4 100)4 98)4 120 Sale Sale 110 Sale Sale Sale 83 54 10 2 107 1654 17 116)4 11854 67)4 6 8 14454 Sale 10754 165 85 1354 63 120)4 6254 6154 Sale Sale Sale Sale Sale Sale 110 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 77 Sale 125 Sale 24 90 19 108 15)4 Sale Sale Sale )4 Sale Sale Sale Sale Sale 99 10 0 395 38 95 27 99 167 95 13 54 Sale Sale Sale Sale 2 8 Vs Sale 7 Vs Sale 49 4954 9054 Sale 106 111 110)4 35)4 18)4 36 90 105 17)4 122)4 68)4 18154 Sale Sale Sale Sale Sale 107 17 V s Sale Sale Sale 10854 Sale 8 7 V s Sale 116 117)4 42)4 Sale 103 43)4 26)4 43)4 19 32)4 Sale 80 Sale 107)4 Sale 117 Sale 8554 Sale Sale 86 10554 Sale 122 125 104)4 104 126)4 122)4 Sale Sale Sale 125 97)4 16)4 8)4 28)4 85 54 98)4 Sale 260 Sale Sale Sale Sale Sale 27 89 50 82 52)4 2754 110 Highest. Sale 11254 Sale Sale Sale Sale 18)4 88 Sale 35 Sale Sale Sale 7)4 M ay 25 M ay 15)4 M ay Lowest. 754 77 218 3854 107)4 22)4 1054 50 118)4 1)4 61)4 35)4 106 115)4 8)4 3554 2754 96 5554 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 2 7 V s M ay 2 1 3254 M ay 28 1 19)4 M ay 28 18 854 12 81 16 238 1 41)4 2 109 4 27 2 1254 7 52)4 13 12654 29 154 1 66)4 6 4154 14 114)4 s 1 117 V 27 12)4 29 44 )4 26 3054 6 97)4 1 73)4 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 129)4 M ay 14 148 M ay 29 119 M ay 8 120)4 M ay 25 89 M ay 1 111 M ay 29 21)4 M ay 16 25)4 M ay 21 18)4 106)4 14 113 45 99)4 )4 24 54 90 16)4 52 46 95 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 4 28 22 4 14 21 14 2054 108)4 17 114 49)4 102)4 54 6 29)4 6 99 19)4 6 11 57 54 8 58)4 11 104)4 M ay M ay M ay M ay M ay M ay M ay M ay M ay May M ay M ay M ay 29 1 15 29 12 28 29 12 47)4 2)4 74)4 97 375 113)4 34 89)4 25 100)4 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 1 51)4 1 3 1 8754 18 98 5 390)4 2 115 2 39 7 93 2 25 13 100)4 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 29 12 25 21 28 11 7 28 2 13 157 14 14 2 14 Highest. Sale Prices. Sale Prices. 59 Apr. 22 85 Jan. 29 3354 Jan. 5 5954 M ay 29 14)4 Mar. 18 19)4 Jan. 5 1 Jan. 5 1)4 Jan. 8 6 Jan. 5 754 Apr. 20 13)4 Jan. 5 33)4 M ar. 6 13 Mar. 24 20 Jan. 3 83 Apr. 9 89 Apr. 29 554 Jan. 2 1054 Feb. 6 77 Mar. 24 95 Jan. 7 218 M ay 16 249 Jan. 9 3854 M ay 1 50 Feb. 2 10454 Apr. 13 110 Jan. 22 22)4 Apr. 22 3254 Jan. 12 754 Jan. 7 13)4 Feb. 5 40 Apr. 14 52)4 Jan. 16 110 Mar. 30 12654 M ay 25 1)4 M ay 29 154 M ay 29 52 Jan. 5 66)4 M ay 27 Mar. 6 3154 Jan. 21 44 96)4 Mar. 25 114)4 M ay 20 114 Mar. 3 117)4 M ay 20 8)4 M ay 27 1454 Feb. 5 3554 M ay 29 5254 Feb. 5 24)4 Mar. 18 3054 Apr. 24 94 Jan. 6 99)4 Feb. 6 48)4 Mar. 19 73 54 M ay 29 103 Feb. 26 110)4 Feb. 27 71 Mar. 9 82)4 M ay 26 89)4 M ay 29 90 M ay 29 67 M ar. 17 77 Jan. 10 108 Feb. 2 148 M ay 29 119 Apr. 18 12054 Feb. 28 M ay 29 87)4 Apr. 3 111 2 Mar. 23 454 Feb. 19 2154 M ay 16 26)4 Jan. 5 82 Jan. 27 105 Feb. 10 1854 M ar. 30 2154 Feb. 26 10254 Jan. 19 110 Feb. 25 14 M ay 22 2154 Feb. 3 11154 Feb. 9 115 M ar. 23 42 Jan. 27 59)4 Mar. 3 99 Jan. 2 102)4 M ay 29 )4 M ay 14 1)4 Jan. 28 1854 Mar. 17 29)4 M ay 15 M ay 29 83 Mar. 30 99 12)4 M ar. 24 19)4 M ay 12 43 M ar. 25 5754 M ay 28 41 M ar. 25 58)4 M ay 29 88 Mar. 26 104)4 M ay 12 107 54 Jan. 27 110 Mar. 25 4654 Mar. 30 •51)4 M ay 29 154 Jan. 9 3)4 Feb. 5 74 M ar. 25 8754 M ay 25 95 Apr. 11 100 Feb. 3 355 Apr. 28 532 Mar. 24 11054 Mar. 23 115 M ay 11 3154 Jan. 21 4554 Jan. 7 88 Jan. 16 93 Jan. 31 Feb. 11 25 M ay 2 27 9854 Apr. 4 100)4 M ay 13 M ay 19 171 6 M ay 28 110)4 Jan. 178 Mar. 31 81 Feb. 20 81 Feb. M ay 12 11% Feb. 15 Feb. 5 M ay 7 61)4 Mar. 7454 Jan. 14 M ay 20 11654 Jan. 121 M ay 20 M ay 13 57 Mar. 71)4 Feb. 6 M ay 13 5554 Mar. 7054 Feb. 6 9)4 Feb. 6 7)4 Jan. 28)4 M ay 1 29 54 M ay 11 22 Feb. 2954 M ay 11 7)4 M ay 12 8)4 M ay 5 9)4 Apr. 6 6 Jan. 48)4 M ay 15 50 M ay 19 45)4 Mar. 52)4 Apr. 21 84 M ay 4 93)4 M ay 12 77 97)4 Mar. 7 Feb. 109 M ar. 12 104)4 Feb. M ar. 16 111 10954 M ay 12 110 M ay 12 104 Feb. 112 Jan. 12 108 54 M ay 6 110)4 M ay 29 10854 Feb. M ay 7 30)4 Jan. 34)4 M ay 2 36 37)4 Jan. 13 16)4 M ay 1 19)4 M ay 21 1454 Mar. 2354 Feb. 3 34)4 M ay 14 3954 M ay 5 3154 Feb. 55 Mar. 4 8354 M ay 4 93)4 M ay 22 79 M ar. 94)4 Jan. 13 107 Apr. 22 106)4 M ay 22 106)4 M ay 22 10254 Feb. 16 54 M ay 6 17 V s M ay 9 16 Jan. 18)4 Feb. 24 118 M ay 6 123)4 M ay 22 114 Mar. 123)4 M ay 22 6754 M ay 27 6854 M ay 7 66 Mar. 7854 Feb. 26 144)4 M ay 1 18554 M ay 28 117 Jan. 18554 M ay 28 108)4 M ay 8 109)4 M ay 15 104 Jan. 27)109)4 M ay 15 116 Jan. 5 137 Feb. 9 101)4 M ay 1 104)4 M ay 27 99 Jan. 2 104)4 M ay 27 78 M ay 8 89 M ay 29 69)4 Jan. 3l 89 M ay 29 115 M ay 1 115 M ay 1 11454 Jan. 20 116)4 Apr. 20 M ay 20 34 Mar. 31 44)4 Jan. 2 38 )4 M ay 1 43 54 Feb. 24 154 Feb. 9 26)4 M ay 29 29 54 M ay 15 2154 Mar. 30 37)4 Jan. 23 90 M ay 7 90)4 M ay 2 81 Mar. 16 92 Apr. 15 46 M ay 14 52)4 M ay 16 46 M ay 14 53)4 Feb. 26 82 Feb. 9 79 V s M ay 1 82 M ay 16 7954 Mar. 51 M ay 1 5454 M ay 6 32 Mar. 59 M ar. 10 23 M ay 4 27 V s M ay 26 20)4 Mar. 3054 Jan. 3 105 M ar. 12 105 Mar. 39 M ay 29 48 M ay 1 2854 Mar. 49)4 Apr. 24 26 M ay 15 2854 M ay 12 25)4 Apr. 35)4 Jan. 31 37 M ay 1 44)4 M ay 25 3254 Mar. 46)4 Jan. 31 M ay 27 24 11 )4 M ay 1 24 M ay 27 1054 Mar. 2 7 V M ay s 9 33)4 M ay 27 2554 Mar. 3754 Jan. 7 % Feb. 6 )4 Feb. 69 M ay 1 84)4 M ay 22 51 Jan. 58454 M ay 22 Jan. 9 97 97 Jan. 6 Feb. 10 1 54 Jan. 117 M ay 29 106)4 M ay 2 117 M ay 29 7454 Jan. 107t4 M ay fi M av 29 107)4 M ay 116)4 M ay 29 M ay 28 109 83)4 M ay 2 109 M ay 28 33 54 Jan. 83)4 M ay 4 113)4 M ay 28 77)4 Apr. 113)4 M ay 28 10354 M ay 1 12854 M ay 25 101 Mar. 12854 M ay 25 123)4 Jan. 16 122)4 M ay 28 123 M ay 16 M ay 26 14)4 62 M ay 15 65)4 117)4 M ay 6 121 59 M ay 1 63 58)4 M ay 7 62)4 12 Vs Sale 98)4 M ay 2 102 M ay 20 V s 20 M ay 1 2 1 V s M ay 275 Sale 14 17 V s M ay 1 3 V s M ay 29 8 M ay 12 10)4 M ay 9 54 Sale 2754 M ay 12 3254 M ay 3154 Sale M ay 8554 91)4 85 M ay 1 91 54 M ay 4 Sale 1 M ay 1 20)4 84 113 5354 27 % 7 1 4 24 17 83)4 31 54 35)4 430 105 5)4 2 23 4 20 12 29 11 22 25 29 27 11 20 20 1 4 4 29 29 7454 M ay 1 82)4 M ay 26 89)4 M ay 29 90 M ay 29 10 2 100)4 10054 112)4 Sale 67)4 110)4 4854 25 654 1854 18 82)4 31 3454 358 105 454 Lowest. 112 Sale Sale 85 Sale 91 Sale 83)4 Sale Sale 1 ifiU Sale Sale Sale Sale Sale 20 RANGE SINCE JAN. 1. Ask. Bid. Ask. Sale Prices. Sale Prices. Sale M ay 21 69 Sale 59)4 M ay 1 7 1 Sale 59)4 Sale 50)4 M ay 1 5954 M ay 29 16 M ay 1 19)4 M ay 11 Sale 18)4 Sale CO 0 Laclede Gas (St L ou is).. 100 Preferred_____________ 100 Lee Rubber & Tire_ no par _ Lima Loco Works___ no par Liggett & Myers Tob pf.100 New__________________ 25 B new_________________ 25 R igh ts__________________ Loews Incorporated_no par Loft Incorporated____no par Long Bell Lumber A ..n o par Loose-Wiles Bis tr ctfs_ 100 _ First preferred_______ 100 2d preferred_________ 100 Lorillard (P) pref_______ 100 N ew__________________ 25 Louisiana Oil________ no par Ludlum Steel________ no par M cCrory Stores, cl B .no par Preferred_____________ 100 Mclnture Por Mines______ 5 Mackay Companies_____100 Preferred_____________ 100 Mack Truck Inc_____no par 1st preferred_________ 100 Second installment paid 2d preferred..1 ______ 100 M acy _______________ no par Preferred_____________ 100 Magma Copper______ no par R igh ts__________________ Mallinson(H R)& C o.no par Preferred_____________ 100 Manati Sugar___________100 Preferred_____________ 100 Manhattan El Supp_.no par Manhattan Shirt________ 25 Preferred_____________ 100 Manila Electric Corp.no par Maracaibo Oil Expl_ no par _ Marland Oil_________ no par Marlin-Rockwell_____no par Martin Parry Corp_ no par _ R ights__________________ Mathieson Alkali Wks.no par Preferred_____________ 100 R ig h ts_______________ Maxwell M ot W V cl A ..1 0 0 A certificates__________ Class B ___________ no par B certificates___________ M ay Dept Stores________ 50 Preferred_____________ 100 Mergenthaler Linotype ..100 Metropol Edison pref.no par Metro-Goldwyn Pic pref. .27 Mexican Petroleum_____100 _ Mexican Seab’d Oil_ no par Miami Copper___________ 5 M id-Cont’l Petrole’m.no par Preferred_____________ 100 Middle States Oil________ 10 Certificates____________ 10 Midland Steel Prod pref.100 Midvale Steel & Ord_____50 Montana Power________ 100 Preferred_____________ 100 Montgomery Ward & C o. 10 M oon M otor Car_____no par Mother Lode Coali_ no par _ M otor Wheel tern ctfs.no par Mullins Body________ no par Preferred_____________ 100 Munsingwear________ no par Murray Body ctfs___ no par Nash Motors C o_____no par Preferred_____________ 100 National Acme stam ped ..10 200 227,000 17,500 Shares. Bid. 607,700 81 970,800 35% 261,100 18 13.300 1 Y» 1.700 6 2,068,349 16 % 34.300 16 PRICES IN M A Y . * Shares. 36,000 233,100 101,600 Price about Jan. 2 1925. 00 0 Par Houston Oil of Texas____100 Hudson M otor Car___no par Hupp M otor Car Corp___10 Hydraulic Steel______ no par Preferred_____________ 100 Indep Oil & Gas_____no par Indian M otocycle____no par Preferred_____________ 100 Indian Refinings________ 10 Preferred_____________ 100 Ingersoll-Rand_________ 100 Inland Steel_________ no par Preferred_____________ 100 Inspiration Cons Copper. _20 Internat Agricultural .no par Prior preferred_______ 100 Int Business Machines no par Rights__________________ Internat Cement_____no par Inter Combus Eng_ no par _ Internat Harvester_____ 100 Preferred_____________ 100 Internat Merc Marine_ 100 _ Preferred_____________ 100 International Nickel_____25 Preferred_____________ 100 International Paper_____100 Preferred_____________ 100 Preferred stamped____100 Preferred (7)____________ International Salt______ 100 International Shoe_ no par _ Preferred_____________ 100 Int Tel & Tel___________100 R ights_______________ Intertype Corp______ no par Iron Products Corp______10 Jewel Tea Inc___________100 Preferred_____________ 100 Jones Bros Tea Inc_____100 Jones & Laugh Steel pref.100 Jordan M otor Car____no par Kansas City Lt 1st pf.no par Kansas & Gulf___________10 Kayser (J) & Co new.no par First preferred new.no par Kelly-Springfield Tire___ 25 Preferred 6 % ________ 100 Preferred 8 % ________ 100 Kelsey Wheel Inc_______ 100 Preferred_____________ 100 Kennecott Copper_ no par _ Keystone Tire & Rub.no par Kinney (G R )_______ no par Preferred.. _________ 100 Kresge (S S) C o________ 100 Preferred_____________100 Kresge Dept Stores_ no par _ Preferred_____________ 100 Kuppenheimer____________ 5 B preferred___________100 Since Jan. 1 27 10054 M ay 4 116 29 12 6 18 27 23 29 M ay 23 Sale 67)4 M ay 1 87)4 M ay 25 M ay 23 116 112)4 M ay 7 113 Sale 4854 M ay 1 54)4 M ay 12 Sale 24)4 M ay 2 2854 M ay 13 Sale 6 M ay 4 754 M ay 21 Sale 1854 M ay 5 2654 M ay 18 17)4 17 M ay 26 19 M ay 19 90 83 V s M ay 6 83)4 M ay 6 Sale 31 M ay 1 32 M ay 6 M ay 6 36)4 35 M ay 2 40 Sale 355 M ay 7 430 M ay 23 105 M ay 1 105)4 M ay 20 4 54 M ay 1 6)4 M ay 14 6 97)4 18 225 11)4 8 26)4 83 H 54 1)4 96 29 64 109 41 2254 6 18 1454 82 3054 3254 19354 0354 4)4 Apr. Jan. Feb. Mar. M ay Apr. Apr. Apr. Feb. Jan. Feb. Apr. Mar. Mar. Mar. M ay Apr. Feb. Apr. Apr. Apr. Jan. Jan. Mar. 102 22)4 250 22)4 2454 3254 91 154 1)4 116 30)4 87)4 113 5554 2854 9)4 2654 21)4 87 34 42)4 430 106 754 M ay 29 Feb. 5 Mar. 20 Jan. 6 Jan. 13 M ay 27 M ay 23 Jan. 13 Feb. 13 M ay 23 Jan. 1 6 M ay 25 M ay 23 Jan. 13 M ay 13 Jan. 2 M ay 18 Feb. 20 Jan. 9 Jan. 23 M ar. 7 M ay 23 Feb. 28 Jan. 13 28 [V ol. 120. STOCKS STOCK EXCHANGE RECORD STOCKS N. Y. STO C K EXCHANGE SALES TO JUNE 1. In May Par Shares. National B iscu it________ 25 15,100 Preferred_____________ 100 700 Natl Cloak & Suit______ 100 23.800 Preferred_____________ 100 1,000 Nat Dairy tem ctf____no par 99.800 National Dept Stores.no par 14,200 1,400 Preferred_____________ 100 Nat Distill Prod v t c .no par 114,000 12,800, Preferred_________ no par Nat Enamel & Stamp_ 100 _ 3,100 300 Preferred_____________ 100 National Lead_________ 100 9.600 1.600 Preferred_____________ 100 National Supply_________ 50 6,800 Preferred_____________ 100 National Surety________ 100 Nevada Consol Copper___ 5 14,300 1,100 Newp N & H Ry G & E ..1 0 0 100 Preferred_____________ 100 N Y Air Brake______ no par 10,100 Class A ___________ no par 2,100 New York Canners_ no var _ 43,100 200 1st preferred_________ 100 Rights__________________ New York Dock________ 100 4.800 2,400 Preferred_____________ 100 N Y Shipbuilding___ no par 800 600 N Y Steam 1st pref_ no par _ Niagara Falls Pow_ no par _ 1,900 Preferred, new________ 25 3,500 N iagLockp& O ntPow pf 100 100 North Amer’n when iss_ 10 250,700 _ 9.800 Preferred______________ 50 Nunnally Co (The)_ no par _ 1,000 300 Ontario Silver Mining.no par 200 Onyx Hosiery_______ no par 600 Preferred_____________ 100 Orpheum Circuit Inc______1 7.300 Preferred______________ 10 300 Otis Elevator____________50 4.800 Preferred_____________ 100 200 Otis Steel___________no par 175,000, Preferred____________ 100 12,500 Owens Bottle___________ 25 70,600 Preferred________ i ___100 900 Pacific Gas & Electric_ 100 _ 10,700 Pacific Mail SS___________ 5 5.300 Pacific Mills____________ 100 Pacific Oil__________ no par 252,700 Pacific Teleph & Tel eg 100 Preferred_____________ 100 Rights__________________ Packard_________________ 10 372,300 Preferred_____________ 100 4.200 Paige Det M ot Car. .no par 119.700 Pan-Amer Pet & T r ______ 50 86.900 Class B stock_________ 50 622.700 Panhan Prod & Ref_.no par 3.000 Panhandle P & R , p re f.. 100 1.000 Parish & Bing, stpd__no par 500 Park & Tilford______ no par 40.900 Penick & Ford______ no par 10,400 Preferred_____________ 100 200 Penn Coal & Coke_______ 50 1.200 Penn Edison, pref____no par Penn-Seab St v t c ____no par 152,400 100 Penney (J C) Co pref____100 9,400 People’s Gas L & C o k e .. 100 Philadelphia Co (Pitts)_ 50 _ 36,100 1,600 Philadelphia Co pref_____50 Phila & Read C & I ..n o par 55.000 400 Certificates________no par Phillips Jones Corp_ no par _ 200 Preferred_____________ 100 100 Philip Morris & C o ______10 33.000 Phillips Petroleum_ no par _ 531,600 Phoenix Hosiery__________ 5 2,500 Preferred_____________ 100 200 330,800 Pierce-Arrow M ot C _.no par Preferred_____________ 100 153,000 12.300 Prior preferred_____no par Pierce Oil Corp__________ 25 41,900 Preferred_____________ 100 3,100 152,300 Pierce Petroleum_____no par 11,200 Pittsburgh Coal (of P a)..1 00 5.700 Preferred__________ 100 500 Pittsburgh Steel pref____100 3,600 Pitts Term Coal Receipts. 100 600 Preferred_____________ 100 39.000 Pittsburgh Utilities, p r e f ..10 6.700 Preferred certifs_______ 10 Porto Rico'Am T ob _____100 300 Postum Cereal______ no par 11.300 8% preferred__________100 3.500 Pressed Steel Car_______ 100 800 Preferred_____________100 15.400 Producers & Ref Corp____50 1,600 Preferred______________ 50 2,700 Pub Serv Corp o f N J pf.100 83.000 New-----------------------no par 600 7 % -'.------------------------- 100 20.000 Rights__________________ 1,800 Pub Serv E & G, pref_ 100 _ 400 Pub Serv Elec Pow, p f_ ICO _ 58,600 Pullman Company______ 100 19,500 Punta Alegre Sugar______ 50 Pure Oil.n_______________ 25 102,600 600 8% preferred_________ 100 336,900 Radio Corp of Amer. .no par 1,600 Preferred______________ 50 9.500 Railway Steel Spring____100 800 Preferred_____________ 100 800 Rand Mines_______________ 77,900 Ray Consol Copper______10 61,800 Reis (Robt) & C o___ no par 3,400 1st preferred_________ 100 27.400 Remington Typewriter. .100 200 1st preferred_________ 100 100 1st preferred series S..100 1,100 2d preferred_________ 100 37,200 Replogle Steel_______ no par 33.400 _ Republic Iron & Steel_ 100 700 Preferred_____________ 100 36,300 Reynolds Spring C o. .no par Reynolds Tobacco Cl. A . .25 37.100 Reynolds (R J) R ob Cl B .25 1,700 7% preferred__________100 1,600 Rossia Insurance________ 25 3,500 Rights_______________ 76.100 Royal Dutch Co N Y shs.100 58.700 St Joseph Lead___________10 52,600 Savage Arms Corp______ 100 38.700 Schulte Retail Stores.no par 1,100 Preferred_____________ 100 11,800 Seagrave_____________no par 81.700 Sears Roebuck & C o____100 Seneca Copper C oro.-no par 1,500 Shattuck Arizona Copper. 10 Shattuck (F G )______no par 37,800 Since Jan. 1. Shares. 141,900 4.400 53.700 6,600 206,600 70,500 12,380 183.200 64.000 61.700 4.100 89.900 5.700 75.800 1,200 100 82.700 4.700 1.500 75.600 13.000 81.800 400 6,137 32,750 13.200 3.500 5.100 3.300 16.600 500 1,048,200 48.100 5.300 4.300 7.700 2,600 Price about Jan. 2 1925. 42 34 4634 734 6 1834 79 27 34 97 90 102 10 60 34 4734 68.100 1.500 86,025 1.400 380.200 28.200 214.400 1.100 32.600 103 18,200 9 500 30 Sale 98 4534 Sale Sale Sale 834 634 22 83 34 Sale 100 Sale 10734 Sale 62 Sale Sale Sale 1,934,800 5.350 1.400 54 34 Sale 8734 94 96 93 1,153,300 14.000 127.500 706.800 3,615,100 33.700 3.400 6,400: 117,220! 19.200 200 14.600 1534 Sale 102 103 1,100 200 : Sale 65 64 34 Sale 234 3 3834 44 3434 Sale 26 Sale 2 Sale 985.200 750 104 115 50,400 114 111,300 5634 Sale 5,884 45 34 46 4 473.800 48 3 Sale 1,000 49 4934 Sale 9.400 85 88 17.600 82 107.700 1434 Sale 1,930,000 3634 Sale 4.900 20 23 92 1.300 85 573.500 1434 Sale 351.400 5034 Sale Sale 26.900 89 170.700 134 Sale 36.200 2534 Sale 722.100 534 Sale Sale 70,500 49 13.800 9834 Sale 4,000 101 34 Sale 62 41.800 61 4.700 8634 Sale 91,875 15 Sale 11.900 Sale 1,200 53 103 34 Sale 117 25!:?8 o 116 6134 Sale 9I:g§8 8734 Sale Sale 155.700 29 9.800 43 4334 111 6.350 110 292.700 6934 Sale 4.400 99 10034 20.000 7.500 2,600 10134 Sale 224.500 148 154.100 39 34 Sale 586.400 2934 Sale 5.900 105 10534 Sale 3,213,910 69 Sale 23,150 50 83.100 138 Sale 119 3.700 116 35 2.400 33 426.200 1634 Sale 61.900 11 1234 73 3.800 64 242.100 52 34 Sale Sale 9°0 100 105 400 100 120 2.500 108 Sale 309.800 21 283.200 62'34 Sale 6.700 93 (4 Sale 255.500 1534 Sale 200 178,000 5,6°0 10.100 3,600 425.800 276,410 624.400 143,650 6.500 11.800 644,810 98.700 12.200 73.700 May 1. Bid. Ask. Bid. 66 73 Sale 12634_____ 12534 6734 69 69 34 99 100 100 34 42 Sale 5154 3834 Sale 4134 102 Sale 9634 3334 Sale 53 6534 Sale 33 2534 80 84 75 140 16034 Sale 116 117 11694 6134 Sale 6234 106 10434 Sale 171 200 16 Sale 12 52 56 63 84 93 90 Sale 56 4234 57 55 52-34 3434 3534 3634 96 29 55 20 9634 43 34 29 7534 Sale 11934 12034 92 94 53 34 45 8434 114 110 Sale Sale Sale Sale 11234 15334 Sale 134 Sale 734 734 RANGE SINCE JAN. 1. PRICES IN M A Y . May 29. Bid. Ask. 6734 Sale 125 12834 72 34Sale 101 103 5634 Sale 4334 Sale 97 9734 3534 Sale 67 Sale 2734 Sale 76 80 151 Sale 11634 11734 63 6434 109 _____ Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. 6534 M ay 16 6734 M ay 23 65 Apr. 29 75 Jan. 2 125 M ay 25 12834 M ay 9 12334 Mar. 11 12834 M ay 9 6934 M ay 11 7534 M ay 16 6534 Mar. 5 78 Jan. 26 M ay 14 99 Jan. 13 104 Jan. 29 10134 M ay 14 102 51 M ay 1 5834 M ay 25 42 Jan. 2 5834 M ay 25 M ay 27 3834 Jan. 2 45 M ay 27 41 M ay 11 45 9634 M ay 4 9734 M ay 4 96 Apr. 15 102 Jan. 2 3234 M ay 18 3734 M ay 23 30 Apr. 9 3734 M ay 27 64 M ay 19 6934 M ay 23 5234 Jan. 8 6934 M ay 23 2534 M ay 1 3034 M ay 6 25 Apr. 30 3634 Jan. 21 M ay 2 79 M ay 23 8934 Jan. 12 79 M ay 23 80 13934 M ay 4 15734 M ay 19 13834 Apr. 27 16634 Jan. 9 M ay 21 116 Jan. 5 118 M ar. 4 116 M ay 25 118 Jan. 29 6234 M ay 6 6434 M ay 22 6134 Apr. 2 71 10434 Jan. 2 110 Apr. 22 206 Jan. 21 206 Jan. 21 Sale 1234 Sale 1134 M ay 2 13 34 M ay 25 1134 Apr. 27 1634 Jan. 7 Sale Feb. 25 6534 M ay 8 63 M ay 1 6534 M ay 8 52 6334 65 M ay 16 82 34 Jan, 20 95 Apr. 27 90 93 94 92 M ay 16 92 46 Sale Sale 4234 M ay 1 47 34 M ay 8 42 34 M ay 1 5634 Jan. 3 Sale Mar. 19 67 Jan. 7 5234 Sale 5234 M ay 4 5334 M ay 28 51 Sale 35 M ay 4 46 M ay 22 3134 Mar. 30 46 M ay 22 4434 Sale 96 100 99 9934 M ay 26 100 M ay 26 95 Mar. 9 100 M ay 26 34 Apr. 6 34 Mar. 25 29 Sale M ay 29 18 Mar. 24 3134 Apr. 14 29 2734 Sale 2434 M ay M ay 27 M ay 27 5234 Jan. 14 68 63 M ay 68 6734 Sale 6534 Sale Feb. 13 28 34 Feb. 17 21 25 2534 M ay 29 17 2534 Sale 2134 M ay 101 9834 9834 M ay 10134 M ay 28 97 Jan. 15 10134 M ay 28 M ay 15 57 68 M ay 15 4534 Jan. 5 69 67 69 5634 May 2834 Sale 2834 Sale 2834 M ay 2834 M ay 2 28 Jan. 5 29 Jan. 2 Feb. 25 10734 Feb. 17 M ay 14 107 107 M ay 107 10734 10434 4534 Sale 4534 M ay 4934 Sale 5034 M ay 7 4134 Jan. 5 5034 M ay 7 Sale 50 M ay 29 4634 Jan. 2 50 M ay 29 50 4834 Sale 4834 M ay 8 Jan. 16 10 34 Jan. 30 10 9 9 M ay 9 34 9 934 M ay 2 7 534 Jan. 22 634 Apr. 11 534 634 634 M ay 20 534 M ay 534 30 2234 2434 24 2534 May 2534 M ay 12 18 34 Jan. 6 2534 M ay 12 83 M ay 14 7834 Mar. 31 86 M ay 14 80 86 80 8534 80 M ay Sale 27 2734 Sale 2834 M ay 18 2534 Jan. 16 2934 Feb. 27 2634 M ay Mar. 9 M ay 15] 98 Jan. 6 101 100 9934 Sale 9934 10034 9934 M ay M ay 20 8734 Feb. 27 11834 Apr. 17 11434 Sale 11434 Sale 11234 M ay . 116 108 104 34 May 12 10534 M ay 15 101 Feb. 13 105 34 M ay 15 10134 10434 107 Sale 8 Mar. 18 1434 M ay 26 10 934 M ay 2 1434 M ay 26 1234 Sale Sale 69 5534 57 7434 M ay 25 5034 Mar. 18 7434 M ay 25 5534 M ay M ay 46 4634 Sale 5134 M ay 29 4234 Mar. 17 5134 M ay 29 5034 Sale 11134 M ay 5 11034 Apr. 24 11134 M ay 5 11034 Sale 110 11034 M ay Sale 105 34 M ay 10534 106 110 11134 M ay 28 102 34 Jan. 5 11134 M ay 28 534 Apr. 18 11 M ay 26 M ay 26 10 M ay 1034 11 934 Sale 59 Apr. 30 59 Apr. 30 57 Sale 58 34'Sale 5634 M ay 12 6034 M ay 12 5234 Mar. 30 6534 Jan. 31 94 Jan. 15 112 34 Jan. 28 100 115 10634 115 9234 Jan. 7 96 34 Feb. 16 9434 9634 9534 97 34 Mar. 10 34 Mar. 10 2934 M ay 25 15 Jan. 16 2934 M ay 25 2034 Sale 2734 Sale 2034 M ay 11234 M ay 26 10954 111 11234 M ay 26 102 34 Jan. 11034 Sale 10934 M ay 2334 M ay 29 1734 Sale 2234 Sale 2334 M ay 29 1734 M ay 1734 M ay Sale M ay 21 64 Jan. 74 83 34 Mar. 3 81 7634 Sale 7334 M ay 8434 Mar. 3 7434 Sale 8234 M ay 21 6334 Jan. 7334 M ay 7734 Sale 3 Jan. 4 M ay 6 534 Feb. 26 434 334 334 334 334 M ay Jan. 57 50 M ay 23 43 6034 Feb. 26 43 45 M ay 4734 55 1 34 Jan. 134 Feb. 11 13 134 134 Sale 134 M ay 13 134 M ay 3534 Jan. 10 2734 Sale 3334 M ay 25 2634 M ay 2634 M ay 3134 Sale 26 M ay 16 21)4 M ay 28 28 Apr. 14 2134 M ay 2434 Sale 2334 Sale 10534 M ay 28 10534 M ay 28 10534 M ay 28 10534 M ay 10534 1234 1334 14 1634 M ay 21 1234 Apr. 29 2636 Jan. 2 1534 1334 M ay 10434 Apr. 21 10534 Apr. 16 10434 106 10434 110 134 Mar. 31 3 Jan. 9 2 M ay 22 134 Sale 134 Sale 134 M ay 105 M ay 9 105 Jan. 29 10534 Jan. 13 105 M ay 105 10734 105 Sale 11634 Sale 114 M ay Feb. 11 M ay 20 112 Jan. 16 121 117 116 5434 Sale 5934 M ay 7 5134 Mar. 18 59 34 M ay 7 5434 M ay 5634 Sale 47 4734 M ay 27 4534 Jan. 5 4734 M ay 27 4634 47 4734 4634 M ay Sale 39 4234 M ay 22 3734 M ay 6 5234 Jan. 9 4134 Sale 3734 M ay M ay 16 5034 Jan. 23 M ay 41 40 43 3834 40 4134 M ay 25 41 64 59 6034 63 6034 M ay 15 60 Apr. 3 9034 Jan. 12 6034 M ay 85 H 93 8534 M ay 28 8234 Mar. 24 9534 Jan. 15 8534 92 8534 M ay 14 M ay 1334 14 1734 M ay 28 1234 Mar. 19 1734 M ay 28 1634 Sale 3934 Sale 4334 M ay 23 3634 Mar. 30 4634 Feb. 2 4234 Sale 3934 M ay Sale 18 M ay 29 18 Apr. 28 28 M ay 29 Sale 18 M ay 28 28 92 84 M ay 28 84 Apr. 27 89 M ay 28 89 89 87 8634 M ay Sale Sale 1334 M ay 1434 2234 M ay 27 1034 Mar. 30 2234 M ay 27 2134 Mar. 24 75 M ay 28 52 Sale 75 M ay 28 43 7134 Sale 5134 M ay 92 94 93 M ay 119 34 Sale 11934 M ay 28 85 Mar. 18 11934 M ay 28 134 Jan. 2 334 Feb. 5 134 Sale 234 M ay 20 134 May 234 Sale 40 Feb. 26 Sale 3234 35 36 3134 M ay 37 34 M ay 22 2534 Jan. 534 Jan. 834 Feb. 5 634 Sale 634 M ay 734 M ay 18 734 Sale Sale M ay 12 3734 M ay 5434 Jan. 13 38 45 4334 Sale 3734 M ay 99 Jan. 5 M ay 12 80 M ay 80 M ay 85 8334 Sale 8334 85 M ay 14 94 Mar. 26 10234 Jan. 8 95 97 91 98 9634 95 M ay 59 5334 5834 58 3534 M ay 4034 M ay 21 30 Apr. 27 6334 Jan. 17 Apr. 30 88 Jan. 6 80 83 82 34 Sale 8334 M ay 1 81 8234 M ay 1334 M ay 1354 1334 1534 Sale 1634 M ay 8 1234 Mar. 24 1634 M ay 8 13 15 M ay 7 1234 Mar. 20 15 Jan. 15 1334 14 1434 1334 M ay M ay 29 4034 Mar. 10 53 Jan. 2 Sale 53 53 4134 50 4134 M ay M ay 118 M ay 5 93 34 Feb. 16 11834 Apr. 17 11334 11334 11634 Sale 114 11534 Feb. 3 117 Jan. 13 Jan. 23 53 Sale 56 M ay 5 52 34 Mar. 30 69 5334 Sale 5254 M ay 82 83 85 M ay 19 8134 M ay 21 9234 Jan. : 81 82 8134 M ay Mar. 30 3234 Feb. 1 Sale 24 2634 Sale 2334 M ay 2834 M ay 23 22 M ay 13 4334 M ay 19 47 34 Feb. 7 44 Sale 45 4434 Sale 4334 M ay 11034 Sale 11234 11434 11034 M ay 11434 M ay 27 10834 Apr. 1 11434 M ay 27 72 Sale 74 M ay 21 6234 Mar. 30 74 M ay 21 6734 M ay 6834 Sale Jan. 7 102 Jan. 27 100 10134 M ay 29 99 10034 10134 Sale 10034 M ay 1 M ay 28 34 M ay 29 1 uSaie 6 1 M ay 28 34 M ay M r. 12 9434 Sale 9334 Sale 9434 M ay 29 9234 M ay 12 95 9234 M ay 104 105 103 104)4 M ay 11 10034 Jan. 16 10434 Mar. 11 10434 104 M ay Sale 14134 Sale 131 M ay 131 14434 M ay 20 129 M ar. 30 15134 Jan. 3 41 Sale 4034 Sale 3834 M ay 4234 M ay 7 3834 M ay 25 4734 Jan. 7 2834 Sale 2634 M ay 2954 M ay 22 2534 Apr. 17 33 34 Feb. 4 2634 Sale 103 107 M ay 26 10234 Jan. 6 107 M ay 26 105 107 104 103 34 M ay 4834 Mar. 27 7734 Jan. 2 Sale 60 5734 Sale 6034 M ay 5234 M ay Feb. 4 5034 M ay 11 4934 Jan. 5 54 5034 51 5034 5134 50 M ay Sale 12934 Sale 123 123 M ay 13054 M ay 21 12234 Feb. 17 14134 Jan. 5 M ay 11 11434 M ar. 7 120 Feb. 16 114 M ay 119 120 117 118 11634 33 34 Jan. 7 3834 M ay 1 37 M ay 3834 Sale 3834 M ay 3634 38 13 Sale 1234 Sale 1134 M ay 1334 M ay 15 1134 Apr. 22 17 34 Feb. 9 2 10 M ay 11 2234 Sale 2234 M ay 29 10 M ay 16 2234 M ay 29 M ay 2 85 M ay 28 63 63 M ay 85 Sale 70 M ay 28 63 85 74 M ay 22 4634 Jan. 27 74 M ay 22 6434 Sale 6634 Sale 6134 M ay 105 103 101 103 M ay 18 100 Jan. 2 105 Apr. 21 10334 10134 M ay 103 M ay 28 100 Jan. 16 10334 Mar. 3 101 ------- 103 M ay 101 105 Sale 107 108 112 108 M ay 11134 M ay 20 108 Mar. 30 11334 Apr. 29 15 Sale 1334 Sale 1334 M ay 1634 M ay 4 13 34 Apr. 25 2334 Jan. 13 Sale 46 M ay 23 4234 Apr. 30 6434 Jan., 3 48 4234 Sale 4234 M ay Sale 87 M ay 13 86 Apr. 22 95 Jan. 13 87 89 86 M ay 88 12 M ay 1234 Sale 1434 Sale 1434 M ay 1 12 M ay 4 18 Jan. 5 140 Mar. 24 148 Mar. 9 150 77 Sale 7434 Sale 7834 M ay 25 7234 M ar. 24 7834 M ay 25 7434 M ay M ay 121 12034 12134 122 12134 M ay 18 11934 Jan. 8 122 Apr. 29 Apr. 24 9734 Feb. 20 92 95 M ay 1 91 M ay 93 34 Sale 9134 92 434 M ay 28 5 M ay 1 5 M ay 1 434 Sale 434 M ay 5134 Sale 4934 Sale 5234 M ay 22 4834 Mar. 24 57 34 Jan. 31 4934 M ay Sale M ay 47 51 Sale 47 5234 M ay 25 3934 Feb. 17 5234 M ay 25 6334 Sale 6634 Sale 6834 M ay 5 5534 M ay 14 10834 M ar. 3 5534 M ay 11434 M ay 23 108 M ay 16 11634 Feb. 9 10934 Sale 11034 Sale 108 M ay 115 Feb. 19 Sale 110 M ay 111 11134 M ay 6 110 Jan. 11234 111 1434 Sale 1434 M ay 1434 M ay 16 1434 M ay 15 1434 M ay 16 Sale 16234 M ay 16234 Sale 170 17434 M ay 20 14734 Mar. 30 17434 M ay 20 34 Feb. 20 134 Jan. 5 534 Apr. 22 734 Jan. 3 534 M ay 6 634 M ay 18 534 634 6 634 4934 M ay 11 65 M ay 29 4034 Mar. 301 65 M ay 29 5034 Sal e 64 34 Sale Ask. Sale 128 Sale 102 Sale 4134 9734 Sale Sale Sale 81 Sale 11834 Sale STOCKS N. T . STOCK EXCHANGE 29 STOCKS-STOCK EXCHANGE RECORD J une, 1925.] SALES TO JUNE 1. In May Par Shares. Shell Transport & Trad..£ 2 500 Shell Union Oil______ no par 111,500 Preferred_____________ 100 1,800 Sherwin-Williams pref_ 100 _ Simms Petroleum________ 10 177,200 Simmons Co^________ no par 80,450 Preferrd____________ 100 1,000 Sinclair Con Oil Corp.no par 210,800 Preferred_____________ 100 2,300 Skelly Oil C o_____________25 164,800 Sloss-Sheffield St’l & I . . 100 17,300 Preferred_____________ 100 1,100 So Porto Rico Sugar____100 2,500 Preferred_____________ 100 Spalding 1st pref_______ 100 300 Spear & C o__________ no par 1.900 Preferred_____________ 100 700 Spicer Mfg C o_______ no par 133,600 Preferred_____________ 100 4.300 Standard Gas & Elec.no par 211,200 Preferred______________ 50 5.700 Standard Milling_______ 100 1.700 Preferred_____________ 100 600 Standard Oil of Calif_____25 53,900 Standard Oil of N J ______25 296,090 Preferred_____________ 100 10,200 Stand Plate Glass ctfs.no par 5,500 Preferred_____________ 100 100 Sterling Products____no par 10,000 Stern Bros pref__________100 132 Stewart Warn Corp_no par 80,200 Stromberg Carburet- .no par 15.500 Studebaker Corp, pref_ 100 _ 600 N ew______ ; _______ no par 532,500 Submar Boat Corp_ no par _ 19.200 Superior Oil_________ no par 24.200 Superior Steel___________100 3.300 Sweets Co of America new 50 3,200 Symington temp ctfs.no par 37.500 Class A ____________no par 6,000 Telautogr Corp ctfs_.no par 1,600 Tenn Cop & Chem_ no par _ 88.400 Texas Company (The)_ 25 _ 218.700 Texas Gulf Sulphur______10 145.700 Tex Pacific Coal & Oil___ 10 89.400 Texas Pacific Land T r ..l0 0 289 Tidewater Oil__________ 100 14,100 Timken Roller Bear..no par 85.200 Tobacco Prod Corp_____100 92.400 Temp ctfs Class A ___ 100 7.900 Transcon Oil ctfs_____no par 191,400 Tran & Williams Steel.no par 1,6 10 Underwood Typewriter_ 25 _ 30.700 Union Bag & Paper_____100 33.500 Union Oil____________no par 7,800 Union Oil, California_____25 57,600 Union Tank Car________ 100 1,600 Preferred_____________ 100 700 United Alloy Steel____no par 8.900 United Cigar Stores______ 25 28.700 Preferred_____________ 100 United Drug____________100 51,200 1st preferred__________ 50 3,000 United Dyewood_______ 100 100 United Fruit____________100 2,800 United Paperboard C o .. 100 2,800 R i g h t s ..._______________ Universal Pipe_______ no par 132.600 Preferred_____________ 100 26.400 U S Oast Iron Pipe & F ..100 75,900 Preferred_____________ 100 1,300 U S Distrib Corp_____no par 22.700 Preferred_____________ 100 200 U S Express_____________100 300 U S Hoffman Mach_ no par _ 23.400 U S Indus Alcohol______100 295.600 Preferred_____________ 100 1,500 U S Realty & Im provt.,100 92.400 Preferred_____________ 100 300 U S Rubber_____________ 100 230,090 1st preferred_________ 100 19,450 U S Smelt Refg & Mg.-_ 50 _ 14.700 Preferred______________ 50 1,200 United States Steel_____100 506,500 Preferred_____________ 100 16,000 U S Tobacco________ no par 200 Preferred_____________ 100 Utah Copper_____________ 10 5,800 Utah Securities__________100 47.800 Vanadium Corp______no par 19,500 Van Raalte__________ no par 5,500 1st preferred_________ 100 1,300 Va-Caro Chemical_ no par _ 12.800 Certificates______________ 400 Preferred_____________ 100 22,400 Preferred certificates_____ Class B _________________ 300 Va Iron Coal & Coke___ 100 Preferred_____________ 100 Vivaudou (V) Inc___ no par 25,700 Rights__________________ 17.770 Vulcan Detinning_______ 100 100 Vulcan Detinning, p r e f..100 W aldorf System_____no par 28,700 Ward Baking Class A .no par 5,600 Class B ___________ no par 137,200 Preferred_____________100 3,300 Weber&Heilbron’r ,newnopar 1,000 Wells Fargo Express______ 1 800 West Elec 7% cum pref_100 1,400 West Penn P ow pref____100 200 Western Union Teleg___ 100 34,400 Westinghouse Air Brake..5 0 4,100 Westinghouse El & M fg ..50 125,600 1st preferred__________ 50 100 Westing’se Elec Instr.no par 21,100 Class A ____________no par 12,800 White Eagle Oil & R _no par 16,800 White M otor_____________50 119,900 Wickwire-Spen Steel_.no par 10,200 Certificates________ no par 39,300 Preferred_____________ 100 R ig h ts__________________ Preferred rights_________ Willys-O verl and__________ 5 1,705,100 New preferred________ 100 116,400 Wilson & Co nc v t c ..n o par 11,200 Preferred_____________ 100 3.100 300 Certificatespreferred. . 100 Woolworth (F W )_______ 25 94,500 Worthington P & M ___ 100 55,100 Preferred A ___________100 800 Preferred B ___________100 1,300 Wright Aeronautic___no par 80,400 Wrigley (Wm Jr)____no par 6.100 Yellow C ab______________ 10 7,800 Youngstown Sheet & T u b e .. 2,100 Since Jan. 2. 1 Price about Jan. 2 1925. May 1. 467,300 11,200 19% 97 46% 52% 66 84 58% 41% 118 10% 69 63% 115 65 64 112 45% 10 4 20 6 17 22 13 9% 44 105% 14% 294 131% 40% 75 97% 4 25% 40 40% % 36% 122% 116% 25 65% 115 118% 53% 10% 209 18 Sale 65 115 Sale Sale Sale Sale 8 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 26 Sale 42 Sale Sale 123% 117% 25% 66 119 Sale 54 20 212 21% 70% 73 115% 47% 8% 3% 25 7% 16% 21% 13 10% 48% 110% 15% 280 145% 41% 80 99% 5% 26 43% 56 % 38 124% 112 26 70 115 124% 55% 1)% 210 20% 22% M ay 1 24% Sale Sale 35 M ay 1 44% 106 102% M ay 5 103 Sale 18% M ay 1 22 90% 82% M ay 4 91 23% M ay 1 28% Sale 81% M ay 1 89% 88 92% M ay 28 94% 95 Sale 67 M ay 14 73 107 98% 95 M ay 28 99 Sale 21% M ay 15 24 Sale 91% M ay 22 92 Sale 18% M ay 12 23% Sale 94% M ay 2 106 Sale 46 M ay 1 54% 53% 51% M ay 8 54% 67 62 M ay 19 67 86 84% M ay 6 86 Sale 58% M ay 1 60 Sale 41 M ay 1 44% Sale 116% M ay 25 119 11 10% M ay 1 12% 71 69 M ay 8 69 Sale M ay 5 66% 63 115.% M ay 20 115% Sale 64% M ay 1 71% Sale 64% M ay 4 75 114 M ay 7 115% Sale 44% M ay 1 49 9 8% M ay 20 10 Sale 3% M ay 28 4% 20 M ay 1 27% 6% M ay 14 8% Sale 16% M ay 18 18% 22 21% May 21 22% Sale 12% M ay 12 13% Sale 9% M ay 8 11% Sale 44 M ay 1 49 Sale 105% M ay 1 121 Sale 14% M ay 1 16% M ay 1 301 305 294 Sale 131% M ay 1 147 Sale 40% M ay 22 43% Sale 75 M ay 1 82 Sale 97% M ay 1 99% Sale 3% M ay 1 5% Sale 25% M ay 13 26 Sale 39% M ay 14 45 Sale M ay 4 60% 42 % % M ay 1 % Sale 36% M ay 1 39% Sale 123 M ay 13 128% 114% 115 M ay 18 117% 26% 24 M ay 15 27 Sale 66 M ay 5 72% 119 Sale 118% M ay 1 127% Sale 54 M ay 4 55% 15% 15 M ay 18 15 Sale 210 M ay 12 216% 21% 18% M ay 16 21% 6 Sale Sale 107 Sale 28 68% 145 100% 31% 130 4 30 86 108% 139 Sale Sale Sale 103 Sale 150 4% Sale Sale Sale Sale 37% 80 164 104 33% 122 3% 35% 91% 111 141% Sale Sale Sale Sale Sale 150 4% Sale Sale Sale Sale Sale Sale Sale 47 Sale Sale 55 109 Sale Sale Sale 22 69% Sale 1% Sale 10 1% 45 80 Sale 40% 95% 34 44% 113% 124 52% 105% o3% 101 ! 26 • 16 60 4% 1% 17% 15 1% 33 73 12% Sale Sale Sale 44% Sale Sale 53% 108% Sale Sale 26% 19% 62 Sale 3 Sale 20 2% 37 79 Sale 46% 99% 36% 44% 116% 124% 53% 105% 90% 17% Sale 96 97 40% Sale 72 86 Sale Sale Sale Sale Sale Sale Sale 114% Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 310 Sale Sale Sale Sale Sale 32% Sale Sale % Sale Sale 115 Sale 61% Sale Sale 53 28 Sale Sale Sale Sale 104 Sale 7 80 73 16% Sale 116 37% 99% 51 12% 12% 114% 116% 104% Sale 131% 99 Sale 67% Sale 81% 10% 21% 26% Sale 61% Sale Sale % Safe Sale Sale 20 16 90 6% 22 Sale Sale 88 75 Sale Sale Sale Sale 121% 43% 81% 67% 18% 48% 35 63% Bid. 40% 24% 101% 105% Sale 24% Sale 44 104% 102% 20% Sale 87 90 Sale 28% 87 Sale 96% 92% 73 70 102 107 100% 23% 92 Sale 21% Sale 105% 52% Sale Sale 51% 69% 64 84% 82% Sale 58% 42% Sale Sale 117% Sale 10% 71 63% 66 Lowest. Highest. Sale Prices. Ask. Sale Prices. 42 39% M ay 5 40% M ay 7 Sale 23% M ay 1 25% M ay 22 Sale 100% M ay 5 101% M ay 12 Bid. 43 22% 99% 104 23 33 71% 81% 62% 40% 43.300 117% 44.800 15% 300 36.100 63 232 119 519.000 70% 41.600 70 4,300 110 1,753.900 46 171.700 10 214,220 5 21.100 35 12,744 11% 228.000 71.000 43.100 13% 170,400 9 756,267 43% 1,158,600! 108% 1,089,410 12 604, 270 82,800; 130 540.200 38% 530,600 70% 63,700 93% 670.100 4 13,200 31 63,010 40 66,4671 43% 148.000 % 664,800! 37% 13.300 122% 3,400' 113% 156,300 28% 138,600! 61 650! 118 165.100 120 15,900, 52% 1,200! 21 38.800 218 3,100 1,200! 909.200 46 209.700 79 644,900 169 8,800 102 145.200 38% 800 148% 5,700 4% 66.600 23% 993.000 86 2,800 103% 369,130 124 3,500 122% 731,390 40% 71,950 95% 96.100 38 11.000 46 4,475,430 120% 68.900 122% 3,900 54 8,200 104% 24.900 87% 760.700 43% 30% 20% 2,200 65 82,500 2% 1.700 % 146,600 10 1,000 5.300 % 800 40 400 79 250.000 8% 17,770 200 342 67 116,100 18% 9,575 205.200 21,450 4,200 2,600 12% 9,090 111% 1,900 104 218,100 116% 47.300 107 % 832.000 71% 2.300 83 40.400 34.400 191.300 28 436.300 71 100,210 1% 39.300 1,000 174,967 29,525 3,096,500 16% 520,500 76% 163,400 7% 110,900 18 10,600 474.200 124% 728.000 78% 4.700 85 10,000 72% 180,100 22% 46,100 45% 29.700 39% 34.700 70 Highest. May 29. Ask. 42 Sale 100% Ask. Bid. Sale 40% Sale 23% Sale 99% 105% Sale 22% Sale 35 102% 18% 17% Sale 33 78% Sale 23% 24% Sale 81% 82% Sale 92% 95% Sale 15,500 62 64 65 700 98% 100 101 600: 9SK 100 97 ___________ Shares 16.700 2,099,580 13.700 300 838,000 170,150 1,900 481,770 16,750 861,4001 RANGE SINCE JAN. 1. PRICES IN M A Y . 28% 20 71 4% 1% 16% 27% 68% 143 101% 31 130 4 28% 86 107% 135% 136 Sale 40% Sale 95% Sale 33% Sale 44 Sale 113% Sale 122% 54% 52% 108% Sale < % s3 97 Sale 25% 23 16% 61 74 Sale 4 3 1% Sale 15 1% 1% 33 37 73 79 13% Sale 1 6 Sale 1 7 10 10 90 78 90 Sale 16% Sale Sale 150 Sale Sale 38 51 Sale 100 101% Sale 52 55 12% 13 14 116% 115% Sale 109% Sale Sale 131% Sale Sale 102 Sale Sale 73% Sale 83 87 85 Sale 12 Sale Sale 22% Sale Sale 27% Sale Sale 69% Sale Sale % % Sale 4 Sale Sale Sale Sale 22 107% 5% 19% Sale Sale Sale Sale Sale 134% Sale Sale 42% Sale 84% 79% 82 69% 65% 66 Sale 25% Sale Sale 51% Sale Sale Sale 68 65 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 39% 81% 168% 104 34% 130% 4 36 94% 111 147% 142 47% 100% 37 45 120% 125 54 1 4 4 13 4 14 12 14 1% M ay 5 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 90% 157% 30% 24% 73 4% 2 18% M ay M ay M ay M ay M ay M ay M ay M ay 1% M ay 12% M ay 1 14% M ay li6 M ay 8 % M ay 7 M ay 26 7 M ay M ay 11 6 * M ay M ay M ay 99 M ay 52 12% M ay 114% M ay 109% M ay 130 M ay M ay M ay 83 M ay 10% M ay 21% M ay 26% M ay 61% M ay % M ay 4 M ay 16 90 5% 19% 18 121% 36% 80% 65% 18% 48% 35 64 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 11 17 1 152 4 52 12 100% 5 52 15 14 20 117 29 110% 14 134% 1 104 1 74% 6 83 14 13% 5 24% 1 28% 1 71% 11 28 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 1 1 29 29 15 1 14 27 13 1 1 1 4 M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay M ay 24% 111 7 23% 20 134% 47% 82 69 28% 52% 40% 68 Sale Prices. Sale Prices. 39% M ay 5 45% Jan. 30 22% Jan. 16 28% Feb. 4 99% Jan. 2 101% M ay 12 106 Apr. 11 106% Apr. 7 23 19% Mar. 17 26% Jan. 12 27 31% Mar. 17 44% M ay 27 7 100% Jan. 7 103 Mar. 27 22 17 Jan. 6 24% Feb. 2 23 78% Jan. 2 94% Feb. 3 28 21% Mar. 30 30% Feb. 3 20 80% Mar. 30 97 Feb. 5 22 92% Apr. 8 98% Feb. 2 29 62 Jan. 6 73 Mar. 2 Mar. 4 99% Jan. 9 l08 12 95 M ay 2» 99% Apr. 28 28 21% M ay 15 24 M ay 28 19 91% M ay 22 92 M ay 19 25 15% Feb. 17 23% M ay 25 18 92 Apr. 1 106 M ay 18 20 40% Jan. 2 54% M ay 20 26 50% Mar. 27 54% M ay 26 22 62 M ay 19 74% Mar. 2 28 81 Jan. 20 86 M ay 28 22 56% Mar. 30 67% Feb. 2 13 38% Mar. 30 47% Feb. 3 13 116% M ay 25 119 Feb. 24 2 10 Feb. 11 16 Jan. 16 8 69 M ay 8 70 Apr. 29 29 62% Mar. 25 66% M ay 29 20 113 Jan. 28 115% M ay 20 6 55 Mar. 18 77 % Jan. 3 18 61 Mar. 18 79% Jan. 3 26 112 Mar. 13 115% M ay 26 27 41 % Jan. 28 49 M ay 27 1 8% Apr. 27 11 Jan. 13 6 3% M ay 28 6% Feb. 9 25 20 M ay 1 41% Jan. 10 22 5% Mar. 19 11% Jan. 7 6 10% Jan. 15 19 Mar. 12 11 20% Mar. 19 23% Jan. 17 25 11% Mar. 30 15 Feb. 7 14| 7% Apr. 1 11% M ay 14 25 42% Jan. 5 49 Feb. 2 21 97% Feb. 17 113% Mar. 13 27 11% Jan. 5 23% Feb. 6 5 255 Apr. 9 310 Jan. 6 28 122 Mar. 30 152 Feb. 27 11 37% Mar. 18 44% Feb. 13 25 70 Jan. 2 82 M ay 25 26 93% Jan. 2 99% Apr. 24 9 3% Jan. 2 5% M ay 9 4 25% M ay 13 35 Jan lO 16 38% Mar. 26 45 M ay 16 25 36 Apr. 1 60% M ay 25 6 .21 Jan. 3 1 Feb. 28 22 36% Apr. 27 43% Feb. 5 20 118% Jan. 17 128% Feb. 27 6 113% Feb. 18 117% M ay 6 21 24 M ay 15 36% Mar. 4 29 60% Jan. 6 81% Mar. 3 117 Feb. 4 119% Jan. 13 21 110% Feb, 4 127% M ay 21 29 52 Jan. 16 55% M ay 29 18 12 M ar. 18 20 Mar. 14 18 204% Mar. 30 231 Jan. 3 19 18% Apr. 11 23 Jan. 9 % M ar. 6 % Mar 3 0 29 26% Apr. 27 50% Feb. 11 28 66% Apr. 27 94 Feb. 11 29 131% Apr. 22 250 Feb. 11 29 100% Apr. 29 112% Feb. 27 19 30% Feb. 17 39% Jan. 17 11 130 Mar. 9 154 Jan. 8 4 4 Apr. 11 4% M ar. 2 29 23 Jan. 3 36 M ay 29 26 76 M ar. 19 94% M ay 26 29 105 Jan. 29 111 M ay 29 12 114% Mar. 30 147% M ay 12 4 122% Jan. 2 142 M ay 4 12 33% Mar. 30 47% M ay 12 13 92% Mar. 30 100% M ay 13 22 30 Feb. 17 39 Jan. 7 9 44 Apr. 16 46% Jan. 5 21 112% Mar. 30 129% Jan. 23 25 122% M ay 7 126% Jan. 26 28 51% Mar. 24 56 Feb. 7 105% Apr. 21 110% Mar. 9 29 82 Mar. 19 92 Jan. 15 20 41 % Feb. 17 157% M ay 20 23 25% M ay 4 31% Jan. 3 19 M ay 13 24% M ay 19 22 60 Apr. 1 73 M ay 22 2 2% Mar. 23 5 Apr. 17 26 1% Feb. 25 2% Apr. 18 2 8% Jan. 5 20% Apr. 17 4 Mar. 25 18 Apr. 21 27 1 Jan. 17 2% Apr. 18 35 Apr. 23 43% Jan. 6 75 Mar. 7 79% Jan. 12 19 7% Jan. 13 15% Apr. 15 16 % M ay 16 *1 M ay 8 6 26 7 M ay 26 8 Mar. 30 80 Apr. 1 88% Apr. 14 18 15% M ay 11 19% Jan. 3 21 116 Apr. 30 152 M ay 21 28 37% Mar. 30 52 M ay 28 13 94% Feb. 11 100% Apr. 18 5 51 Mar. 16 57% Feb. 9 22 12% Jan. 5 14 M ay 22 12 113% Jan. 9 117 M ay 12 29 104 Jan. 27 110% M ay 29 19 116% Jan. 2 135 Apr. 23 27 97 Apr. 9 113% Jan. 7 27 66% Mar. 28 84 Jan. 3 6 79% M ar. 30 86 Jan. 5 22 9% Apr. 1 14 Jan. 29 22 19% Mar. 31 24% M ay 22 23 25% Mar. 31 31% Feb. 2 28 57% Mar. 30 76 Jan. 13 1 Jan. 30 1% Jan. 10 15 4 ^ M ay 28 5% M ay 15 18% Feb. 24 32 Jan. 19 Jan. 13 2 Jan. 19 5 * Jan. 13 17 Jan. 17 11 Jan. 26 24% M ay 11 22 72% Jan. 28 111 M ay 22 7 M ay 29 13% Mar. 7 8 1 § * Apr. 24 60 M ar. 7 22 18 Mar. 4 42 Mar. 7 29 112% Jan. 28 134% M ay 29 6 36% M ay 14 79% Jan. 2 11 79 Apr. 6 88 Jan. 9 7 65 Apr. 7 76% Feb. 11 25 16 M ar. 30 28% M ay 25 23 45% Mar. 30 52% Feb. 7 25 33% Feb. 18 42 Jan. 3 23 63 Mar. 27 76% Feb. 13 •E -d id d a T is p ic is a r d x iv en , h r e fte istrib tio o d id n s in sh r s of U ite C a S r a th ra of 38.85 s a e fo 1 0 sh r s of U ite u n f iv e d ae n d ig r to e t e te h r s r 0 ae n d R etail S re cE -300% in sto k to s, x c ” G eneral Q uotations O F BONDS A.ND S T O C K S 1. In the following thirty-four pages o f tables quotations are given for all the more important securities listed on any Stock Exchange in the United States; also for leading unlisted and inactive securities. 2. Quotations from all Stock Exchanges are as near as possible for the closing day of the month preceding the date of issue. As the New York Stock Exchange began with Jan. 2 1909 to quote all bond prices and interest,” we have adopted the same method and no longer employ a designating mark to indicate the fact except where there is a deviation from this rule. The reader will understand, therefore, that unless the letter is prefixed to the price, he must pay accrued interest in addition to the price. This, however, does not apply to Income bonds or bonds in default, in which cases the price includes the interest, should there be any. 3. The letter “/ ” prefixed to bond prices denotes that the quotation is a flat price— that is, that the accrued interest forms part o f the price, and therefore the purchaser does not have to provide for it separately in making payment. As already stated in the case o f income bonds ana bonds in default, the price is always “ fla t," and no designating mark is employed to indicate the fact. 4. Stock prices marked thus (d) are per share. All others are per cent except bank stock prices, which are quoted per share unless otherwise stated. 5. It should be borne in mind in the use of these tables that the quotations for many inactive and unlisted securities are merely nominal, but in all cases the figures are obtained from sources which are considered reliable. 6. The following abbreviations are often used, viz.: “ M ” for mortgage, “ g " for gold, “ gu” for guaranteed, “ end” for endorsed, "cons” for con solidated, “ conv’ . for convertible, “ s f ” for sinking fund, “ 1 g " for land grant, “ op” for optional. 7. The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE.— A ll b o n d prices axe “ an d in terest” except where marked “ f ” an d incom e and d efau lted bon ds. Bonds. Bid. Ask. BAILROAD BONDS Bonds of companies consol'd are often under the consolidated name. Adirondack— See Del & Hudson ___ 88 Akron & Barb Belt g 4s 1942-J&D Ak Cant & Youngst 6s 1930- _J& J 99 100M Ala Gt South 1st 5s Dec ’27__J&J 100 M Gen M 5s Dec 1 1927 £. .J&D 95 M 1st cons g 5s 1943 ser A . J&D 100M 101 % Belt Ry of Chatt 5s 1945--J&J 95 Ala Midland— See Atl Coast Line Alabama N Orl T & P June— 96 “ 4 " deb 5s g ’40 red ’ 10-M&N h 93 96 “ B ” deb g 5s '40 red 'iO-M &N 1 93 } 96 “ C ” deb g 5s Nov 1 1940 A&O l) 93 Alabama Tennessee & Northern— Prior lien 6s 1948_____..J & J 81 85 Gen income 6s Oct 1948_______ 32 26 Alabama & Vicksburg Ry— 102 1st M g 5s 1974 series A . M&N 101 Albany & Susq— See Del & Hud Allegheny Valley— See Penn RR Alleg & West— See Buff R & P Allentown Term 4s 1919 Ext at 6% to 1929 . _ _ .J&J 101 Alton Bridge— See St C M & St L 72 Ann Arbor 1st g 4s 1955. - -Q-J 71 99 99 X 6% notes Mar 15 1930 -M&S15 Eq tr 6s July 15 '25-’35 J&J 15 b 5.60 5 30% Ark & Mem Ry Brge & Term— 1st M 5s 1964___________ M&S 93 M 93 M Aroostook Nor— See Ban & Aroos Aroostook Valley— See Can Pac Asheville & Spartanburg— S U & ____ ___ Col 1st M g gu 4s 1955_ J&J _ Atch & East’n Br— 4s 1928 J&J 96 M Atchison Topeka & Santa Pe— 92 Gen mtge gold 4s 1995 .A&O 91M Adjustment 4s July 1 ’95. .N ov 84 M 84 M Stamped_ _ ______ M&N 84 85 C on vg4sof ’09due '55opt J&D HIM - -84 k Conv g 4s of 1905 due '55. J&D 81 Conv g 4s of 1960________ J&D 84 M 86 M Trans S L 1st g 4s 1958.. J&J 87 k ___ 94 % Cal-Ariz 1st & rf 4 M s ' 62 op M& S 98 Series B _____ ____ ________ y 93 E Okla Div 1st g 4s '28 .M&S 99 99 M ____ __ Hutch & So 1st g 5s 1928. .J&J Rocky M t Div 4s 1965 J&J 87 H 88 k San Fran & San Joaquin Val— ___ 1st g 5s Oct 1 1940___ A&O Santa Fe Prescott & Phoenix ___ 101 1st g 5s 1942 ______ .M&S Atlanta Birm & Atlantic— 41 39 45 Atl & Birm 1st g 5s 1934. .J&J / 42 M 45 Certificates o f deposit. _ / 42 M _ Atlanta & Chari A L— See Sou Rv Atl Knox & Cin— See Lou & Nash Atl Knox & Nor— See Lou & Nash Atlantic & Dan— See South RR Atlantic City— See Reading Co Atlantic Coast Line Co of Conn— Certs Indebt 5s irredeem.J&D / 92 M Atlantic Coast Line RR— 93 % 94 1st cons 4s July 1 1952 M&S 89 Col tr g 4s Oct 1 '52 op M&N 88 10 Conv deb 4s '39 op ’ 16.M&N 94 Gen unif ser A 4 Ms '64 J&D 94 M ___ 7% notes M ay 15 30 M&N 15 107 M Eq 6H s Feb '36 (yr) .F&A b 5 V 4.80% . 5% Eq 6s Jan 15 '26-’35.J&J 15 b 5.20 Ala Mid— 1st gu g 5s’28M&N 10 JM 101M Atlantic Coast Line o f S C—• ___ 92 Gen 1st g 4s July '48. .J&J ___ N E of S C 6s 1933 . J&J 109 ____ 93 M Brun & West 1st 4s '38 .J&J ___ Char & Sav gen 7s 1936.J&J 116M ___ 88 Fla So 1st g "gu 4s '45 .J&J ___ Nor & Car 5s 1939.. A&O 100 Pet’b ’g— Class A 5s g '26. J&J 100 ___ Class B 6s g 1926. _ A&O 101 ___ 94 Rich & Peters 4 Ms '4 0 .A&O Sav Fla&W 1st g 6s '34. A&O 109 M 111 ___ 1st M g 5s 1934.. . A&O 102 M Wil & Wei gen g 5s '35. J&J 102 ___ 93 Gen mtge g 4s 1935. . J&J Atlantic & Yadkin— See South Ry Aug Term— See Chari & W Car Austin & Northw’ n— See So Pac Balt Ches & Atlan— See Pa RR ___ Balt & Climb Val RR 6s '29 J&J 100 ___ Ex 1st M 6s July 1931___ J&J 100 Balt & Harrisb— See West Md Baltimore & Ohio— 100 99 M Prior lien 3Ms g 1925.. _J&J 91 M 1st M 4s g July 1 1 9 4 8 ...A&O J0M 103 % 1st M 5s July 1 1948_____A&O 103 X 94 H Conv 4 Ms 1933 red 1923.M&S 94 M 90 % Ref & gen 5s 1995 series A . J&D 90 M Ref & gen 6s 1995 series C J&D 103 M 103 M 10-yr 6s July 1929------- . .J&J 103 W 103 M Eq tr 4 Ms 1926-40 (yr)..M & N b 4.90 t o 4.70 Eu tr 5s 1925-37 (yr) _.F&A 64.95% 4.75% Eq tr 5s 1926-38 (y r). F&A 64. 95% 4.75% Eq tr 6s ’26-'35 (yr) ..J & J 15 b 5.30 5.05% Pitt Jc & M div 3 Ms g '25 M&N 99 V s Bonds Bid. Baltimore & Ohio (Concluded)— Pittsb Lake Erie & W Va— Refund gold 4s 19 41..M&N 88 S W Div 1st g 3 Ms 1925.. J&J 99 V i S W DiV 1st 5s 1950 . .J&J 98 % Central Ohio— 99 Reorg 1st con g 4 Ms '30.M&S 102 Ohio Riv RR— 1st g 5s '36.J&D 98 H Gen gold 5s 1937_____A&C Sch Riv East Side 4s 1925.J&D 100 69 % Staten Isl R y 4 Ms 1943..J&D 77 H Toledo & Cin Div 4s 1959 J&J 83 W Va & Pitts 1st 4s g '90 A&O Bangor & Aroostook— 96 1st M 5s g Jan 1 1 9 4 3 ... J&J 71 Cons refund g 4s 1 9 5 1 _ J&J _ 94 Medford Ext 5s 1937.. M&N 90 Piscat Div g 5s Jan 1943..A&O 90 St Johns Riv Ext gu 5 s '39 F&A 92 Van Bur Ext 5s g Jan '43 A&O 88 Washburn Ext 1st 5s '39. F&A 85 Aroostook Nor 5s g 19 47..A&O Nor Maine Seaport 5s '35. A&O n 89 Battle Creek & Stur— See Mich C Bedford Belt— See Chic M & St P Beech Creek— See N Y C & HudR Bellingham Bay & British Col— 85 1st g 5s Dec 1 1932______J&D Belt RR & Stk Yds (Ind’p ’lis)— 87 1st ref gold 4s 1939______M&N Belt Ry of Chatt— See Ala Gr So Belvidere Del— See Pennsylvania Bennington & Rutl’d— See Rutl’d Big Sandy Ry— See Ches & Ohio 82 Birm Term 1st g 4s 1957 gu.M&S ____ Bolivia Ry 1st 5s 1927 . J&J Boonville St Louis & Southern— 75 1st M 5s 1951__________ F&A Boston & Albany 5s Oct '63 J&J 104 5s June 1942_______ . . J&D 102M 101 _ 5s July 1 1938______ _ J&J 96 V a 4 Ms July 1937___________ J&J 94 y8 4s M ay 1 1933 gu N Y C.M &N 93 % 4s M ay 1 1934 gu N Y C.M &N 93 k 4s M ay 1 1935 gu N Y C.M&N 80 M 3 Ms Jan 11 951. _.J&J SO Ref 3Ms 1952 gu N Y C ..A & 0 Boston & Lowell 4 Ms Feb '33. J&J ____ 4s April 1932_. . . _ A&O 69 Boston & Maine— 4Ms g '44 J&J 79 4 Ms April 1 1929________ A&O 79 4s Sept 1 1926...................M&S 75 4s Feb 1 1937___________ F&A 60 4s Aug 1942____________ F&A 45 3s July 1950._______ ____ J&J 88 6s Jan 1 1933____________ J&J 86 1st & ref M 6s ser C 1929. - J&J Series D 6s 1929 _______ J&J 86 Series F 6s 1930. . . J&D 86 M 86 Series G 6s 1929___ ____ J&J Series H 6s 1930________ M&N, 86M Series I 7s 1931 . . ..J & J 88 88 Series J 7s 1931 . . . A&O Equip 5Ms 1925-1927_ F&A b 5.50 _ Eq tr 6s 1926-38 (year)..J& D b 5.50 75 Ports Gt F & Con 4M s’37.J&D Bos & N Y A L— See N Y NH & H 94 Boston Rev B & L 4Ms '2 7 ..J&J 92 Bridge'n & Saco R 1st 4s ’28.J&D Burns & W— See At] Coast Line ____ Buffalo Creek 1st 5s 1941 ..J & J ____ 1st con 5s 1961 . ..J & J Buffalo Rochester & Pittsburgh— s General 5s g 1937______ M&S 100 V Con g 4 M s 1957. ______M&N 86M Eq 6s ser K 1925-33 (s-a).F&A b 5% Equip 4s series G 1929_ A&O b 4.90 _ A1 & West 4s g guar 1998 A&O 82 M Clear & M 1st 5s g gu 1943 J&J 98 M Buffalo & Southwest— See Erie Buff & Susquehanna RR Corn— 1st 4s Dec 30 1963 . ___ J&J 80 M Burl Ced Rap & No— See CRI&P 92 Butte Anaconda & Pac 5s’44 F&A California N W 5s 1928 gu A&O Cam & Clear— 1st 5s g 1941 J&J 100 84 Gen M g 4s 1955 . . F&A Cambria & Ind— 1st 5s '36 M&N 99 M Gen mtge 6s 1944. . .F&A 101 Eq tr 5Ms 1926-38 (year) .M&N b 5.40 Canada Atl— See Grand Trunk Canada South 5s 1962 ser A A&O 102 % Canadian National Railways— 4Ms Sept 15 1954 ...M & S 1 5 94 M 99 4% guar gold notes 1927..J&J 98 V s 5-year 4Ms Feb 15 1930.F&A15 96 V s 10-yr 4Ms Feb 15 1935 F&A15 Equip tr 7s May 1 1935 M&N h i m Equip trust 4Ms 1925-39..J&J b 4.25 Canadian Northern— 1st con deb 4s 1930 gu..J& D 30 95 M S F deb 7s 1940..-............J&D 116M S F deb 6 Ms 1946________ J&J 118M Equipment 4Ms various_ __ b 5.35 _ Eq 6s July’25-Jan’29 ser B.J&J b 5.10 Canadian N W 4 Ms Oct 22 1943 92 M Manitoba S E 1st 4s £ '29.F&A 94 M Winnipeg Term g 4s 1939 g . J&J 88 M Ask. bB sis. / T is p ic in lu e a c u d in re kL st sa . / In L n o , nN m a s S le p e a h r e c d s c r e te st, a le o dn o in l, a ric . Bonds Bid. Canadian Pacific— Cons deben 4s perpetual .J&J 80 M Eq tr 4Ms 1925-1928_____J&J 6 5.05 88 M 100 Eq tr 6s Oct ’25-’32 (s a) .A&O b 5.05 ____ Aroostook Val 4 Ms 1929.F&AI 98 M New Brunsw 1st g 5s 1934.F&A If 98 Cons deb 4s perpetual..J&J If 78 103 Ont & Que deb gu 5s perp. J&D If 97 100 M Carb & Shaw— See Illinois Cent’] Carolina Cent— See Seab Air Line _ Caro Clinch & Ohio 5s 1938. J&J 101M _ 78 1st cons 6s 1952 Ser A .J&D15 107 M Equip 5s 1925-1937 s-a .A&O 6 5% 84 M Eq 5s 1925-1933 s - a ... _J&D b 5% 98 Eq tr 6s 1926-'35 (yrly)_J&J15 b 5.40 72 Carolina & Yadkin River— 1st s f 5s 1962 __________ J&D 95 M 5 JIM Carthage & Adiron— See N Y C 92 89 Catawissa cons g 4s 1948. -A&O 95 Central Argentine R v Ltd— 91 Conv g 6% notes 1927 .F&A 99 M 90 Cent Ark & East— See St L S W 92 Cent Branch Ry— See M o Pac Central o f Georgia— 102 1st M g 5s Nov 1 1945____F&A Cons gold 5s 1945 M&N 101M 10-yr 6% sec gold bds 1929 J&D 103 M ____ R ef & gen 5 Ms 1959 ser B.A&O 102 Eq 4Ms July '25-Jan '26. J&J 64.70% 89 84 Chat Div gold 4s 1951. J&D 99 M Macon & Nor g 5s 1946 J&J Mid Ga & Atl 1st 5s 1947. .J&J 98 Mobile Div g 5s 1946.. . J&J 100M 95 Oconee Div 1st g 5s 1945 J&D 83M Cent RR & Bkg 5s 1937. .M&N 97 M ____ 95 Chattahoochee & G 5s '30 J&J 95 Chat R & South g 5s 1947 .J&J ___ Eatonton Br 5s g 1926_ J&D _ 95 ____ Ocean S S 1st 5s 1943_ .J&J _ ____ Cent of N E— See N Y N H & H ____ Central of New Jersey— ____ Gen M (now 1st) g 5s '87 J&J 109 V s ____ Eq tr 6s Jan 15 ’26-’35 J&J15 b 5.20 ____ Amer Dock & Impt 5s 1921— ____ s Ext at 6% to 1936. ...J & J 106 V ____ Leh & W-B Coal con f 4s’30J&D 96 M ____ Con g 4s 1935 ______ J&D 93 M ____ N Y & L Br gen 4s 1941 M&S 90M ____ ____ General gold 5s 1941 M&S ____ Central Ohio— See Balt & Ohio 81 Central Pacific— See So Pacific 81 Central Vermont Ry— ____ Ref M 5s 1930 guar. .M&S 93 k ____ Eq tr 5s Oct '25 '32 s-a A&O b 5.50 Charles & Sav— See Atl Coast L Chari & W Car 1st 5s 1946 A&O ____ Aug Term 1st gu g 6s '47. .A&O 101M ____ Chateaugay Ry— See Del & H ____ Chattahoochee & Gulf— See Cent of Ga ____ Chat Rome & Sou— See Cent of Ga Ry ____ Chattanooga Sta 4s 1957 gu__J&J 82 ____ Chesapeake & Ohio— ____ 1st cons g 5s 1939_ _ ..M & N 102 M 5% 92 H General 4 Ms gold 1992. .M&S 5% Conv g 4 Ms 1930 op 1915 F&A 97 M ____ Gen fund & impt 5s 1929. .J&J 101 Conv g 5s 1946. . . . A&O 106 M ___ Eq tr 4M « July 15 '25-'26 J&J15 6 4.60 95 Eq tr 4 Ms N ov '25-'27..M & N b 4.60 Eq tr 4 Ms Dec ’25 -'26.. J&D b 4.60 ____ Eq tr 5s Mar 15 '26-’38.M&S15 6 4.90 ____ Eq tr 5Ms '26-’37 (yrly)._J& D 6 5.05 Eq tr 6s 1926-35 (yrly). .J&J15 6 5.30 ____ Eq 6Ms 1925-'35 (ann) .J&D 6 5.10 87 98 % Craig Valley 1st 5s g 1940 J&J 4.75% 79 V s Potts Creek 4s 1946. . J&J 4.60% R & A Div 1st con g 4s '89. J&J 84 M 82 2d con g 4s 1989 . J&J 83 M ____ Warm Sp Val 1st 5s g '41 .M&S 97 M Coal Riv Ry 1st 4s gu '45. J&D 87 M Elevator Co g 4s gu 1938.A& 0 75 Big Sandy R y 1st g 4s '44. J&D SIM 87 M 86 V s Greenb R y 1st g gu 4s '40 M&N 91 Raleigh & S W 1st 4s '36. J&J 92 M ___ 90 West Poc Carp 1st 4 Ms '45 F&A 102 Chesapeake & Ohio Northern— ____ 1st M 5s 1945 gu a r.. _ A&O 98 M ___ Chesterfield & Lane 1st 5s '55F&A 65 102 Chic & Alton 1st 3 Ms 1950 .J&J / 52M 5.25% Ctfs of dep Jan '23 coup attach / 51M RR refunding g 3s 19 4 9 ..A&O / 64 M 103 3^ Certificates of deposit— Stpd as to Oct 1924 int------ / 61M 95 Stpd as to Apr 1925 int_____ / 60M Equip trust 6s Jan 15 26-’35 99 M 99 V a (yearly) _______ . .J&J 15 6 5.70 97 % Chicago BuuliDgton & Quincy— 91M Gen M 4s 1958_________ M&S 112M 4% 1st & ref g 5s 1971 ser A ..F & A 102 M Eq tr 6s Jan 15 ’26-’35-.J&J15 6 5.20 96 Illinois Div 3 Ms’ 49 op '29 J&J 85 M 93 117 4s July 1 1949_________ J&J Nebraska Ext 4s 1927____M&N 99 M 118M 5.20% Chic & East 111 (new co)— 4.80% 75 Gen M 5s M ay 1951_____M&N 93M 95 M 89 M Ask. 80 M 4.80% 4.80% 100 80 99 108 4.70% 4.75% 5.15% JO 100 % 102 104 102 M 4.30% 88 100 97 K ____ 5% 107 M ____ ____ ____ 94 M 5.10% ____ ____ ____ ____ 93 98 M 101M 107 4.25% 4.30% 4.25% 4 .7 5 % 4.80% 5.05% 4.85% 99M ____ ____ 84 9 'M 88 32 ^ ___ 88 8SM: ____ 93 ___ 75 53 52 65 M: 63 63 5.35% 91 M: 103 5% 85 M . 93 M 99 K 75M RAILROAD BONDS p rices a “an interest” except w ere m rk “f” an in e and defaulted bonds. re d h a ed d com Bid. Ask. 107 % 107% 4.5( 4.10% ____ 66% 66% 101% 102% 87 % 90% 91% 111% 112 . 100 87 91% 92% 103% 104 5.45 5.05% 79% 80 55 60 93% 88 ___ 49% 50% 78% 51% 52% 102% 68 86% 51% 51% 52 n 53 5.85% 90 99% 79 52 52% 103 68% 87% 52 51% 52% 55 5.50% 95 99% 87% 87% 87% 75 84% 84 103% 99% 104% 100% 99% 106% 110% 95 5.35 5.35 5.15 5.15 90% 108K 88 8.1% 77 85 85% 104% 100 ___ 101 99% 107% 110% 95% 5.05% 5.05% 4.90% 4.90% 96 109% 89% 99% 83% 80% 99 99% 102 >2 90% 863^ 99% 99% 104 88% 88% 17% 17% 85 88 101 % 99% 99 V k 5.55 5.15 5.15 4.80 85% 88% 101% 130% 100% 5.25% 4.90% 4.90% 4.40% 100 3^ ___ 100% 9) 79 88 V * ____ 87% 101% 101 80 88% ___ 87% 84 % 82 __ 103 V 2 92 % 96% 9 5 % 103% 98 97 5.15% 5.05% 5 .4 5 5 .3 5 10 0 ____ ____ 85 7o% 75H 9 3 % 102 y % 118 99% 85% 76 76% 93% 102% 106 82 34 10 0 % 9 5 9 3 % % 9 7 % 91% ___ 82% % 10 1 97 ____ B onds Bid Ask B onds. Bid. C I St L & C— See C C C & St L— Des M & Ft D— See Minn & St L Cin lnd & West 1st 5s 1965.M&N 76 Des PI Val R y— See Chic & N W 75 Cin Leb & Nor— See Pennsylvania RR Det Gr Rap & West— See Pere M ____ Det & Mack pr 1 4s 1995____J&E 72% 77 % Cine & Musk Val 4s 1948---F&A 68 % Cin N O & Tex Pac Ry— Mortgage gold 4s 1995— J&E 65 Eq tr 5s 1926-38 (yr)_ A&C 6 5.25 _ 5% Detroit Riv Tun— See M ich Cen 90 Cincln North 1st g 4s 1951--J&J 87 Detroit & Toledo Shore Line—■ 82 Cin San & Clev— See C C C & St L 1st gold guar 4s 1953_____J&J Clearfield & Jeff— See Pa & N W Dul &1r Range— 1st 5s '3 7 --A&O 101% Clearf & Mahon— See B R & P Duluth Missabe & Northern — Gen g s f 5s Jan 1 1941___ J&J 102% Cleveland Akron & Columbus—■ 100 Duluth South Shore & Atlantic General gold 5s 1927_____M&S ____ 86% 87 % 90 1st cons guar g 4s 1940_ P&A _ 1st gold 5s 1937...............J & J Dutchee Co— See Cent New Eng Unguaranteed______________ Clev Cine Chic & St Louis— East Tenn Va & Ga— See So Ry— 84% Eastern Minn— See St P M & M 84% General 4s gold 1993______J&J 100 101 Elgin Jol & East 5s 1941_ M&N 102 _ Gen M 5s ser B 1993_____J&J 98% Elmira & Williamsport—■ 98% Deb gold 4% s 1 9 3 1 _____J&J 88% 89% 103% 104 Ref & imp 6s 1929 ser A..J& J 1st 6s 1910 ext at 4% 1950-J&J 97% 99 104 Income 5s 2862__________ A&O R ef & imp M 6s ’41 ser O ..J& J 99% Ref & imp M 5s '63 ser D ..J& J 99% El Paso & R I— See El P & Sow Equip tr 5s 1925-’29 (yr)_.J&J 6 5% 4.75% El Paso & Southwestern Co—• 4.35 El Paso & S W RR—• Equip tr 6s 1926-'27 (yr)..J& E b 4.6( 102 90% 1st & ref 5s 1965______ A&O Cairo Div 1st g 4s 1939 ..J&J 81 81% New Mexico Ry & Coal Co— C W & M Div 1st 4s g ’91. - J&J 99 84% 1st col tr g 5s Oct 1 ’47-A & 0 St L Div 1st col tr g 4s '90 M&N 99 1st & con & coll trg 5 s’ 51-A&O Spr & Col Div 4s 1st g ’40-M&S 89% 99 86% White W V Div 1st 4s ’40-J&J 89 Dawson R & Coal 5s ’51 -J&J 99 Cine lnd & St L Sh Line R y— E lP as& R I lstg gu 5 s’51-J&J 89 Erie— N Y & E Ist4sextg’47-M&N 1st gold guar 4s 1953_ A&O _ 95% 92% 93 C I S L & C 1st 4s g Aug ’36 Q-F 4% s 3d ext 1933________ M&N 99% 5s 4th ext gold 1930_ _ A&O 100 % Cin San & Clev con g 5s '28 J &J 98 4s 5th ext gold 1928____ J&D Clev Colum Cin & Indianap— 107% 7s 1st cons '20 ext to '3 0 --M &S 108% 109% Gen cons gold 6s 1934__ J&J 72 88% Prior lien gold 4s 1996___ J&J Id Blm & W ext 4s 1940--A&O 63% 8S% 6§H Gen Lien gold 4s 1996___ J&J O lnd & W g 5s Apr 1938--Q-J 66% 80% 66% 81% Conv gold 4s 1953 ser A . .A&O Peor & East cons 4s '4 0 --A&O 66% 66% 34 Series B 1953_________ A&O 2d cons inc 4s 1990- -Apr 1 f 33% Series D 1953_______ -A&O „ 71% 71% Cleveland Lorain & Wheeling—■ Cons now 1st 5s 1933- -A&O 101% 101% Eq tr 6s 1926-35 (year)_J&J15 b 5.55 5.25% Eq 6s ser FF ’25-’28(s-a) .M&N b 5.45 5.15% Stamped subject to call 96 101 102 96 % Pehn coll g 4s Feb 1 ’51 _F&A Gen M 5s 1936 - - ___ J&D 98% Buffalo & Southwestern— Con refg g 4% s 1930 red-.J& J 1st g 6s ’08 ext to 1928-J&J 101% Clev & Mahon Val— See Erie RR 96 Clev & Marietta— See Penn RR 2d g 5s ’08 ext to 1928 J&J JeffRR 5sext at 5 % ’29. A&O 101% 102% Cleveland & Pitts— See Penn Co 80 Chic & Alt Term 5s 1928 J&J Clev Short Line— See L S & M S Ch & Erie 5s 1st g 1982. M&N 100% Cleveland Terminal & Valley— 85 84% Income 5s Oct 1982____ 1st 4s gold guar 1995 -_M&N 83 Cleve & Mah Val g 5s '38 J&J 100% Cleveland Union Terminals— 1st s f 5% s 1972 series A .A&O 106% 107 Erie & Jersey s f 6s 1955-J&J 104% 104% Genesee River 6s 1957 J&J 103% 104 1st M s f 5s 1973 ser B ___ A&O 101 101% Long Dock 6s con g 1935 A&O 108% Coal & Iron R y— See Western Md 80 Newb & N Y 1st 5s 1929 -J&J Coal River R y— See Ches & Ohio 50 98% 98% N J & N Y 5s 1950_____M&N Colo & Sou 1st g 4s 1929 - F&A 92 95% 96 NY&GrLake gu g 5s’46 M&N Ref M g 4% s M ay 1 ’35 _M&N N Y L E & W O & RR— Eq tr 6s 1926-35 (year)-.J&J15 b 5.45 5 20% ___ 102% 1st 6s ext 5% % ’4 2 .-M&N Ft Worth & D C 6s 1921— 104% Ext at 5 % % to 1961_ J&D _ N Y L E & W D & I 1st 6s ’ 13 Extended at 5% to ’43 -J&J 100% Colo Sou N O & Pac— See St L & S F 96% 97% N Y Pa & O p 1 4% s ’35.M&S Colo Spr & Cripple Crk D Ry— N Y Susq & Western—15 1st gold s f 5s 1930 - - -J&J 73 74 1st refunding 5s 1937-- J&J 5 15 Cent Tr Co ctfs o f dep. . 59% 66% 4 2d mtge 4% s 1937_____F&A 1st cons 5s Oct 1942. - A&O 2 61 62 Gen mtge 5s g 1940___ F&A Col Connect & Ter— See Nor & W 95 Term 1st g 5s 1943----M & N Col Hock Val & T— See Hock Val 97 78 88 84 Conn & Pass— 1st g 4s ’4 3 --A&O Registered $5,000 each Midland of N J 1st 6s 1910 Newp & Richf 1st 5s ’41 gu_ J&J 90% ext at 5% to 1940 -A&O 91% _ 60 Conn River—-Gold 4s ’43_ M&S 65% Wilkes & E 1st g 5s’42.J&D Connecting R y (Phila)— 65% Erie & Jersey— See Erie R R — S9 1st M g u 4 s Mar 15 ’51 M&S15 Erie & Pittsb— See Penn R R — Connellsv & Monongahela Ry— Est RR of France—98 95 1st s f gold 4s 1930 opt . M&S 83% External s f 7s 1954 -M&N 94 90% .Cuba Northern 6s 1966 stpd J&J 91% European & N A— See Maine Cen 1st mtge 6s 1966 plain.Evansv Indianap & Terre Haute 88 89 Cuba R R — 1st g 5s 1952___ J&J 102 -M&N 101 1st mtge 7s 1950___ 1st 1 & ref g 7% s ’36 ser A . J&D 103% 104% Evansv & lnd 6s 1926______J&J / -----Imp & equip 5s 1960___ M&N 76 77 ____ Fitchburg— 5s Jan 1 1934__ J&J Current Riv—-See K C Ft S & M ____ 4% s ref 1928. ____ -M&N Dallas & Waco— See M o K & T ____ 4% s Jan 1933 . ______ J&J Daws Ry & C ’1— See El Paso & S W ____ 4s refunding Mar 1927-- M&S Dayton & Mich— See C H & D ___ 88 90 4s refunding 1927____..A & O Dayton Union 4s 1949 _____ T&J ____ 4s Jan 1928 _ _ _ _ ..J& J 60 Dei & Bound Br 3% s '55_ F&A _ Flint & Pere Marq— See Pere M Delaware & Hudson— 106% 106% Flo Cen & Pen— See Seab Air L Conv 5s 1935 - _ - -A&O _ 95 95% 92% Florida East Coast 4% s ’59 J&D 91% 1st & ref gold 4s 1943-. .M&N 96% 96% 1st & ref 5s 1974 „ ..M & S 7% sec g bonds 1930 - - J&D 108% 109 102% Florida South— See Atl Coast L 15-yr g 5% s M ay 1 ’3 7 .-M&N 102 95 Florida West Shore 5s 1934.-J&J 97 Eq tr 6s Jan 15 ’26-’35-J&J15 b 5.25 Florida Western & Northern Adirond 1st 4% s ’42 gu M&S 1st M 7s M ay 15 ’34 A.M&N15 118% 118% Albany & Susq 3% s gold 1946 84 Fonda Johnstown & Gloversv— (conv before 1916) gu -A&O 86 Bluff Point Land Impt Co—1st cons ref'g g 4 %s 1947 -J&J 65 n "' 81 84 Gen ref’g gold 4s 1950___ J&J 1st mtge guar 4s 1940 .J&J Registered________ ____ 63 66 Chateaugay Ore & Iron— 68 68% 80 1st cons ref 4% s '52 opt M&N Guar gold 4s 1942 . J&J Fort Dodge Des Moines & Sou— Rensselaer & Saratoga— 86 87 1st 5s 1938- . . - . - . .J&D 6% g bds M ay 1 '4 1 .-M&N 111% Ft Smith&West 1st g 4s ’54-A & 0 18 20 90 Utica Clin & Bing 5s ’3 9 .-J&J 89% Fort St Un Dept Det 4% s’41 - J&J Delaware Lack & Western—80% Ft Worth & Dn C— See Col & S Morris & Essex 3% s 2000-J&D 97 N Y Lack & Western— Ft Worth & Rio Gr 4s 1928--J&J Fre Elk & Mo Riv— See C&NW 1st & ref 5s 1973 ser A.M &N Galv Har & San An— See So Pac 1st & ref 4% s ’73 ser B M&N 100 77 Galv Houston & Henderson— Warren 1st refg 3% s 2000-F&A 93% 93% 1st M 5s 1933___________ A&O Denison & Pac Sub—-See Tex & P 100% 98 Galveston Term 6s 1938 M&S Denver & Rio Grande Western— Genesee River— See Erie R R — 59 Gen income 5s Aug. '55- M&N f 58% 99 100 Gen & Wyo 1st g 5s 1929- A&O Denver & Rio Grande— 84% 85% Geor & Alabama— See Seab A L 1st con g 4s 1 9 3 6 - - ______J&J 88 88% Georgia Car & N— See Seab A L 1st con g 4% s 1936 ______J&J 98% 98% Ga & Fla 1st g 5s 19 56---M&N / 33 38 Improve’t gold 5s 1928__ J&D Geor Midland— See South’n Rv 1st & ref g 5s 1955 op ____F&A f 112 60% Ga RR & Bkg ref 6s ’51 A&O 110 Farm L & Tr rects. . . f 45% 83 4s Jan 1 1947_______ ..J & J Bankers Tr Co ctfs of dep 98 63 Ga Sou & Fla 1st g 5s 1945 J&J under agree July 1922 f 45% r 45% 84% Deb 5s 1952_ _____ _ .A&O 86% 68 .80% Eq tr 4% s ’25-’39 s-a_--M & N b 5% Stamped Feb ’22 coup_ _ f Gettysburg & Har 5s gu ’26.A & 0 100 Am Ex Nat ctf Feb '22 coup. f Gila Val Globe & Nor— See S P Aug 1922 and all coup att- f 94% Rio Gr June 1st gu 5s '39.J&D 95% Gr Rap Bel & Sag— See Pere Mar Grand Rap & lnd— See Penn RR 6 Rio Gr So 1st g 4s '4 0 .- -J&J f 0 Grand Trunk Pacific—• 1st g 4s guar 1940___ -J&J f 68% 69% 1st M 3s 1 9 6 2 - - . _______ J&J Rio Gr West 1st 4s ’39_ J&J f 86 _ 86% 88% 89 1st 4s Feb 25 ’39 Alg gu M&N 1st cons g 4s 1949 op _ A&O r 74% _ 75 1st 4s Feb 15 ’42 Alg gu M&N 85% Utah Fuel 1st 5s 1931-.M&S 84% Gen 4s 1962 Can Gov guar J&J 85% Denver & Salt Lake— Prairie Section 4s 1955_ A&O _ 76% 77% 1st 5s 1943 ctfs dep_____M&N 30 32 77% Mountain Sec 4s 1955 _ A&O _ 76% Lake Sup Div 4s 1955_ A&O _ 77% 79 in kL st sa . IInL n o , mD lla p r 5 0 fra c o £20. n N m a s S le p ic , uP r t. a le o dn o rs e 0 n s r o in l, a re e 00. RAILKOAD BONDS 3 2 N OTICE.—All bon d prices are Bid. Bonds. Grand Trunk Ry o f Canada— Sink fund g deb 7s ’40___A&O 116% Deb g 6s Sept 1 1936____M&S 107 % Eq tr 6% s 1936 (ser F)_.F & A 108% Canada Atl 1st 4s 1955___ J&J 77 70 Grand Trunk West 4s £ '5 0 --J&J 79% 1st g gu 4s $ July 1 1950--J&J Great Northern— Gen M 7s 1936 series A ____J&J 110 92 % 1st & ref g 4% s '61 op '41..J& J Gen M 5% s 1952 ser B___J&J 101 % Gen M 5s 1973 series C ____J&J 95% Eq tr 4% s 1925-1939____M&S 6 4.80 ■Eq tr 5s 1925-1938 (y r)..M & S b 5% Eq tr 6s Jan 15 ’ 26-’35-J&J 15 b 5.35 Western Fruit Express Eq 5s June 15’25-’39(yr)-J& D 6 5.30 Great Northern Ry o f Canada— Cons 4s 1934 opt to 1914--A&O 87 Green Bay & West debt cetfs A - . / 77 Debt ctfs B __________________ / 17 Greenbrier R y— See Ches & Ohio Greenwich & Johnsonville— 80 1st gold 4s 1924___________J&J Gulf, Mobile & Northern— 102 % 1st 5% s 1950 ser B _____A&O Gulf & Ship Island R R — 1st ref & term g 5s Feb ’ 52. J&J 101 % Gulf Terminal o f Mobile— 79 1st mtge g 4s 1957 gu------- J&J Henderson Br— See Lou & Nash Hocking Valley Ry— 91 % 1st cons gold 4% s 1999— J&J 5% notes 1926-.......... M&S 100% Eq tr 5s 1926-1938 (ann).A & 0 b 5.05 Eq tr 5s 1925-1939 (y r).--J & J b 5.05 Eq tr 6s Jan 15 ’26-’35.-J& J 15 b 5.40 86% Col & H V ext 4s 1 9 4 8 -..A & 0 Col & Tol 1st g 4s 1955--F&A 84 Hollid Bed & Cumb— See Pa RR Housatonic— See N Y N H & H 98 Houston Belt & Term 5s ’37-J&J Houstqn E & W Tex— See Sou Pac Houston & Tex Cen— See Sou Pac Hudson & Manhattan— 92% 1st gold 5s 1957 op t______F&A Adj inc up to 5% Feb '5 7 -A&O f 76 % 82 1st M 4% s 1957 conv------F&A N Y & Jer 1st g 5s ’32 opt-F& A 100% Huntingdon & Broad Ton— 1st M ext 6s Mar 31 ’40 A-A&O 2d M ext 6s 1940 Ser B ---F & A 3d M consol 5s Mar 31 ’40-A&O Hutchinson & S— See A T & S F 93% Illinois Central— 1st g 4s '51 -J&J 84 % 1st gold 3% s 1951_______ -J&J Main L ext 1st g 314s '51-A&O 64% 1st M £ 3s 1951-................M&S 1st M £ 4s 1 9 5 1 ---............A&O If 86 T rb on d s£ 3 % s 1950--------- J&J If 75 88% Coll trust gold 4s 1952----A&O 85 % Col tr L N O & T g 4s ’ 53-M&N Ref mtge 5s 1955----------- M&N 105 % 91% R ef g 4s 1955 opt 1918--M&N 83% Pur lines 1st g 3% s 1952--J&J Jt 1st ref M ( I C & O S L & N O) 5s 1963 ser A ____J&D 100% Ser B (£100 &£200) ’63-J&D If 100 102% 112% Gold 6%s July 1 1936-. Eq tr 4 Mis July '25-'26------J&J b 4.50 Eq tr 4H s 1925-1937 (yr) * ° b 4.95 b 4.65 Eq 5s N ov '25-Nov '2 7 -b 4.95 b 5.20 b 5% b 5% 89% Calro Bridge 4s g 1950-72 % 80% 73 % 83 % 76% 8t Louis Div 3s g 1951------• 79 % Sp’gfield Div ext 3 Ha ’ 51--< Western lines g 4s 1951— F 87 Chicago St Louis & N O— 101% 78% 84% 93 % 92 ___ 100 % 100% Gen & ref g 5s 1965 ser A . Series B --------------------Inter Rap Tran j Ry Securities Internat-Great North R y— . . Stamped__________ 6% gold notes 19306% notes 1927-----------------------6% notes 19 36-...................... .. Iowa Central— See Minn & St L la Minn & N W — See C & N W Jefferson— See Erie Joplin Union Station— 1st g 4% s 1940 guar op.-M&ls Kal A1 & G R R — See L S & M i Kanaw & M ich— See Tol & O C 104 % 72% 68 1 100% 78% 96 85 ' ' 100 107% > 89% r > 3 1f Assented____ ..........._M& 3 Kan City & Mem Ry & B— ) 92 87% 103 h 99% 92% 92% 97 % 98% Ask. ‘an interest” excep w ere m rk “f” an d d t h a ed Bonds Ask. Bonds Bid Kansas City Clinton & Springf’d Maine Central—■ 117 1st 5s gold 1925 guar_____A&O 1st & ref 4% s 1935_______ J&D 99% 100 87% 108 92% Kansas City Mexico & Orient— 1st & ref 5s Dec 1935_ J&D _ ' ____ 108 % 1st gold 4s 1951 (undep)-.F&A 90 Eur & N A gold 1933___ J&J 78 6% notes 1916 certifs___ A&O r -----Hereford Ry— G 4s '3 0 .-M&N 88 Kansas City & Pac— See M K & T Upper Coos 1st gu 4s '30.M&N 92 80 % Kan City Sou— 1st g 3s 1950. A&O Upper Coos Ex 4% s g '30.M&N 73% 91 74% 92 92% Ref & lmpt 5s Apr 1 1950--J&J Washington Co Ry 1st g gu 110% 5.50 5.10% 67 Eq tr 6s 1926-35 (year). .J&J 15 3% s Jan 1954 op 1924.-J&J 92% Kansas City Terminal Ry— Manila R R Sou Lines 4s '39-M&N 61% 101 V s 86% 1st g 4s 1960 opt 1930____J&J 86% 60% 104 95% Sinking fund g 7s 1937--M&N 106 6 % % gold notes 1931____J&J 4.70% 5% % gold notes 1926--M&N 15 101% 102 - Manitoba & S E— See Can Nor 30 4.75% Kan Okla & Gulf ser A 6s '37-J&J 40 Manitoba S W Col 5s 1934--J&D 99% 5.10% Marq Houghton & Ont 6s '25A&0 Inc 6s series B Jan 1949___ Jan 20 100 15 40 5% Kentucky Central— See L & N M d Del & Va 5s 1955 gu____F&A Kentucky & Indiana Term RR Maryland & Pa 1st g 4s '51-M&S 76 88% 80% 82 Mason City & Ft Dodge— 1st M 4% s 1961 (sterling)-J&J 78 86 f 63 88 17% Keokuk &' Des M — See C R I & P Memphis Union Station Co— Knoxv & Ohio— See Southern Ry a 1st g gu 5s N ov 1 '59 - M&N 98 Lake Erie & Det Riv— See Pere M Merchants’ Br— See Term RR __ Lake Erie & Western— Meridian Term 4s '55 guar.M&N 82% Mexican International— 1st gold 5s Jan 1 1937_____J&J 100% 101 ____ 96% Prior lien 4% s 1947______ M&S r - - - 97 2d gold 5s July 1 1941____J&J 88% 1st con gold 4s 1977______ M&S r . . . . Nor Ohio 1st gu 5s g 1945-A&0 89% r ____ 102 L S & M ich So— See N Y C & H R Leh & Lake Erie— See Lehigh Val Sept 1 1914 coupon o ff______ f — Mexican North 1st 6s 1930-J&D r -----81 Lehigh & New England— M ich Cent— See N Y O & H R 1st M gold 5s 1945________ J&J 102% io i% Middlesex Valley— See Leh Val Gen mtge gold 5s 1954 _ J&J 101 _ 91% Equip trust 4 %s 1925-1931-Var i 5.40 5.25% Middletown & Unionville— 100% Lehigh Valley Harbor Term R y— 50 2d M adj inc 6s 1933____M&N 4.80% s 102% Midland of N J— See Erie 1st mtge 5s 1954_________ F&A ___ 4.80% Lehigh Valley— Midland Term 5s 1925_____J&D . _ Midland Valley— 5s 1943_ A&O 92 5.10% _ 92 1st 6s ext gold 4s 1948___ J&D ____ ___ 125 Adj M Apr 1 '53 ser A ____Sept 127 Con M 6s ann reg irred___ J&D 95 Con M 4% s ann irred____J&D 81% Millen & Southw— 5s 1955--A&O / 60 82 Gen cons gold 4s 2003 _ M&N _ 90% 91% Mil Lake Sh & West— SeeChi &N W Gen con gold 4 %s 2003_ M&N _ 98% Gen con gold 5s 2003------- M&N 100% 101% Milw & No— See Oh Milw & St P 4% Milw & Spart & N W— See Chic Coll tr 4s Aug '25-Feb '26.F&A b 4.75 Min & Pac— See M St P & S S M Lehigh & Lake Erie— 90 Minn & St L— 1st 7s 1927.-J&D /1 0 1 % 1st 4% s 1957 guar____M&S 92% 86% 1st consol gold 5s 1934_ M&N / 59 % _ Lehigh & N Y 1st 4s 1945 M&S 76% f 58% Lehigh Valley Coal— 1st refg gold 4s 1949____M&S f 22% 1st 5s gold guar 1933------J&J 101 R ef & ext 5s Feb '62 ser A .Q -F / 14% 101 1st 40-year guar int red to 100 91 1st gu g 7s 1927_________ J&D 4% 1933.......................J&J Des M & Ft D 1st 4s '3 5 .-J&J 50 Lehigh Valley Ry of New York 1st, 4 Us gold 194f) J&J 97% 48% 97% Iowa Cent 1st g 5s 1938--J& D / 62 Lehigh Vail Term 5s 1941 A&O 101% Certificates of deposit___ / 60% Middlesex Val 1st 5s '42 -M&N 101 ____ 1st & ref g 4s 1951____M&S / 21 Pa & N Y Canal con 5s '39. A&O 101 91 Minn St P & Sault Ste Marie— Cons mtge 4% s 1939_ A&O _ ____ 90 1st cons gold 4s 1938_____J&J 85 Cons mtge 4s 1939-- A&O 84% 95% 71 1st cons gold 5s 1938_____J&J Lehigh & Wilkes— See Cent N J 91 2d M gold 4s guar 1949_ J&J _ 79 Lex & East— See Louisv & Nashv 89 80 Coll trust 6% s 1931-- ..M & S 103% 93 Litchfield & Mad 1st 5s '34-M &N ____ Little Miami guar 4s 1962--M&N 84 1st ref 6s 1946 series A ____J&J 100% 85% Little Rock & Hot Spr West R y— 25-year 5% s 1949--M&S 85 79 80% Eq tr 7s 1925-1930 (year).J&D b 5 35 1st gold 4s 1939 gu a r.. . . J&J 84% 92 89 M S Ste M & Atl 4s 1926.-J&J Long Island— Unified g 4s’49M&S 99% 84 _ 84 84% Minn & Pac 1st 4s 1936_ J&J Refunding g gu 4s 1949- .M&S ____ M StP& SSM & Cent Term R y— Tax-exempt New Y o r k ____ 1st Ch Ter s f 4s'41 o p '16 M&N 100% 102% 92% 100% _ 1st cons f 5s July 1 1931_ Q-J 93% Minneapolis Term— See Wis Cent 105 95 1st cons g 4s July 1 1931-- Q-J 89% Mississippi Cent g 5s 1949_ J&J _ 93 103 Gen mtge gold 4s 1938____J&D 90 9 3 "' Missouri-Kansas-Tex R R — 4s gold 1932.___________ J&D 97 Prior lien 5s 1962 ser A ____J&J 95 4.15% Debenture gold 5s 1934 - J&D 89% Prior lien 4s 1962 ser B ____J&J 78% 4.70% 90% Debenture gold 5s 1937--M&N Prior lien 6s 1932 ser C ------J&J 4.40% 103% 5% Equip tr 5s 1926-39 (y r)--A & 0 b 5.40 Adj M 5s Jan 1967 ser A -.A & O 86% 4.70% Equit tr 6s 1925-32 (y r)..F & A b 5.60 5.20% Mo Kan & Tex (old company)— 97 5% Montauk Ext 5s 1945-- --J& J 97 1st gold 4s 1990 _ _ _-J&D 85% 4.80% Brook & M on 2d 5s 1938 J&D 99 Eq tr 6s 1925-35 (year).J&J15 b 5.65 4.80% L I City & F con 5s 1937-M&N ____ Boonvilie RR Bridge— 98 N Y Bay Ext R ls5 5s g '4 3 -J&J 1st g gu s f 4s 1951------M&N f -----New York Bklyn & Manh Bch 100 Dal & Waco 1st gu 5s '4 0 .M&N f . . . . 82 _ 1st gold 5s 1935_ — A&O Kan C & Pac l*st 4s g '9 0 --F&A f . . . . N Y & R B 1st g 5s 1927--M&S 100 101 M o Kan & E 5s 1942 gu.-A&O / . . . . North Shore Branch— ____ Missouri Kansas & Okla— 99% 1st cons 5s g Oct 1 1932--Q-J 1st g gu 5s May 1 '4 2 --M&N / Louisiana & Arkansas Ry— M K & T of T 1st 5s gu '42 M&S 113 99% 100 1st s f gold 5s 1927_____ M&S Sherman Shreveport & S— Louisiana & North Western—• 1st M gu gold 5s 1943--J&D f 30 45 55 1st M gold 5s 1935_______A&O . S W Coal & Imp 1st 6s '2 9 .J&J / 90 Louisv Cine & Lex— See Lou & N Texas & Okla— 5s 1943--M&S f 65 Louisville Henderson & St Louis— 85 98% Mo Pacific RR (new company)— 1st mtge gold 5s 1946------- J&J 1st & ref 5s July 1926 <5.-F&A 100% Louisville & Jeffersonville Bridge 89% 86% 1st & ref 5s Jan 1965 A _ F&A _ Guaranteed gold 4s 1945.-M&S 1st & ref 6s 1949 ser D _ F&A _ 101% Louisville & Nashville— 102% 104% 100% 5% gold notes 1927_____J&J 50-year gold 5s 1937_____M&N 95% 6% seemed notes 1930____M&S 100% 95% Unified gold 4s 1940 _____J&J 101 Equip trust 5s 1926-40 (yr)M&S b 5 .It 101% Coll trust gold 5s 1931----M&N 100% 7% g notes M ay 15 '30-M&N15 107% 107% M o Pacific (old company)— 66% 1st & ref 5%s 2003 ser A ._ A&O 105% 107 104% 104% Equip 6% s 1926-36 (year)-F&A b 5.60 1st & ref 5s 2003 ser B ___ A&O 94% 95% Eq tr 6s Jan 15 ’26-’35--J&J15 b 5.60 1st & ref 4 %s 2003 series C S&O 3d 7s ext to July 1938 at Eq tr 4% s 1925-37 (year) J&D b 4.80 4.65% 85% 4 % _____________- ..M & N Equip 6% s 1926-36 (year) .M&S b 5% 4.80% Cent Br Un Pac 1st g 4s '48 J&D 77% 5% Eq tr 6s Jan 15 ’26-'35- J&J15 b 5.20 73% 92 Pac o f M o 1st ex g 4s '38-F&A 91 92% Atl K & Cin Div 4s 1955. .M&N 102% 99% 2d ext 5s gold 1938 _J&J 101 Atl Knox & Nor 1st 4s '46.J& I ____ St L R E 1st 5s 1938.-M&N Consol gold 4s 2002_ M&S _ 99% Oardelet Br 1st 4% s '38-A & 0 88 78% Lou C & Lex 4% s g 1931.M&H 104% 107 St Louis Iron M t & Sou— 99 N O M ob 1st gold 6s 1930 -J&J 95% 103 Unify & refg g 4s '29_ J&J _ 89 90% Gen con ry & 1 g 5s '31 - A&O 100% Pad & Mem Div 1st 4s '46 F&A Gen con stpd gu g 5s '31 A&O S E & St L Div 6s 1971_ M&S _ 89 Riv & Gulf Div 4s '3 3 .-M&N 63% 64% 2d mtge 3s 1 9 8 0 - - ___ M&S Verd Val I & W 1st 5s '26 M&S 100% 105 Henderson Bdge 6s g 1931.M&S Mobile & Blrm— See Southern Ry 85% Kentucky Cent 4s g 1987. J&J ’ 90% 108% M obile & O— 1st g 6s 1927_J&E *102% Lex & East 1st 5s 1965— A&C 107 102% 1st exten 6s July 1927____Q-J 97% L & N Mob&Mont 4 % s’45M&S 90 G e n g 4 s l9 3 8 .. _______ M&S Louisv & Nashv Southern Joint 85% Eq tr 5s 1926 '38 (s-a)_ M&S b 5 % _ 86% 95 gold 4s 1952__________ J&J Eq tr 5s 1926-39 (year)___ J&J b 5% 85% L & N Term 1st g 4s '52 gu J&D Montgom Div g 5s 1947--F&A 99% Nash F & S 1st gu g 5s '37.F&A 101% 103% 100 St Louis Div 5s 1927_____J&E Newport & Cincinnati Bridge— 96% 93% St L & C 4s guar 1931___ J&J 1st M g 4% s 1945 guar..J&J 88 103% 104% M o’k & Malone— See N Y C & B S & N Ala cons M g 5s '36.F&1! 106% 109 Monongahela Sou 5s 1955.-A&C 103% Gen cons gu g 5s 1963.-A&C M ont Cent— See St P M & M 83 Macon Dub & Sav 5s 1947--J&. 60 M ont Wyo & So 5s 1939_ M&S _ 98% 100 Macon Terminal 5s 1965 _ J&J _ Morris & Essex— See D L & W Mahoning Coal—’See L S & M S Nashville Chattanooga & St L— 100 101% 1st consol gold 5s 1928_ A&O _ Eq tr 4% s 1925-37 (year).A&O b 4.9J Nash Flor & Sheff— See L & N 6 B sis, f T is p ic In lu e a c u d in re k L st sa . I In L n o . a h r e c d s e r e te st, a le o dn Bid. [V o l. 120. incom e an d d efau lted bon ds. t S le p ic a r« nN m a o in l. Ask 89 95 90 94 62% 66% 107 103 100 ____ ____ ____ ____ ____ 94 ____ 102% 61% 24 15% ___ 52 63% 62% 23 85% 97% 80% 103% 100% 85% 100 ____ ___ 93% 95% 79 104 86% 85% 5 35% ___ ___ ___ ____ ____ ____ ____ ____ 100% 90% 102 100% 101 % 4.90% 67 5.25% 5.25% ____ 80 ___ 100 ___ ___ 96% 100% ___ 89% ____ 103% 103% ____ 4.80% 4.80% ____ 100% 98 ____ 70 102% 4.75% J une, 1925.] 33 BATLBOAD BONDS N TIC .— ll bon p O E A d rices a "and Interest” excep w ere m rk “t” an in e an defaulted bonds. re t h a ed d com d B onds. National Railways o f Mexico— Prior lien g 434s a f 1957--J&J Jan 1914 coupon on ___ July 1914 coupon on _ _ Assn’t June coupon on ______ Gen mtge 4s 1977________A& 0 April 1914 coupon o ff______ Gen 4s assent red mble 1977_ _ 8% gold notes June 1915-J&D Nat RR o f Mex p 1 g 434s '2 6 -J&J July 1914 coupon on _________ Ass’nt with July ’24 coupon 1st cons gold 4s 1951_____A&O April 1914 coupon o ff______ Ass’nt with Apr'24 coupon on Nebraska— See O B & Q New Eng R R — See N Y N H & H New Hav & No— See N Y NH & H N J Junction— See N Y Central New Jersey & New York— SeeErie New Lond Nor 1st 4s 1940— J&J New Mex R y & C ’l— See El Paso New Orl Gt Nor 1st 5s '5 5 --F&A New Orl & North East 6s 1915— Extended at 5% 1940------M&N R ef & impt 434s ’52 ser A _J&J New Orl Term 1st 4s 1953— J&J New Orleans Texas & Mexico— 1st g 6s Oct 1925 series A_ J&D Non-cum inc 5s Oct '35 series A 1st 5s 1954 series B ______ A&O 1st M 534s 1954 series A ..A & O Newp & Cin Bdge— See L & N Newp & Rich— See Conn & Pass N Y B & M Bch— See Long Island N Y Bay Ext R R — See Long Isl New York Central R R — Oonv deb 6s 1935______ M&N Cons mtge 4s 1998 series A.P&A New York Central & Hud River— R ef’g g 334s July 1 1997— J&J Deb g 4s '34 tax-exempt.M&N Deb 4s 1942 tax-exempt--J&J R ef & impt 434s 2013 A _A&O R ef & impt 5s 2013 O _ A&O _ Eq tr 7s ’26-’35 (year)__A&015 Eq tr 6s Jan 15 '26-’35--J&J15 N Y C L eq 5s ’26-’37 (yr) J&D N Y C Lines eq 5s 1926-39-J&D N Y C Lines eq 434s ’26-’28-J&J N Y C L eq 434s’25-’37(yr) M&S N Y C Lines eq 434s Sept 15 1925 to 1939 (year)______M&S15 N Y C R R eq 434s ’36-’32—J&J Bos & Alb eq 434s ’25-’27-A & 0 L S coll tr g 334 sl998____F&A M O coll tr g 334s 1998_ F&A _ Beech Cr 1st 4s g gu 1936_J&J 2d guar gold 4s 1936____J&J Beech Crk Ext 334s '51-A&O Cart & Adir 1st 4s 1981--J&D Olf Bit O Co 1st g 4s ’40-J&J Gouv & Osw 1st 5s g 1942-J&D Lake Shore & M ich South—■ Con g ref 334s 1997____J&D Deb gold 4s 1928______ M&S Gold 4s 1931-............... M&N Cleve Short L 434s ’6 1 --A & 0 K A & Gr R 1st 5s 1938-J&J Kal & W Pig’n g 4s ’40_J&J Mahon C R R 1st 5s 1934—J&J Merch Dispatch Transp Co— Eq tr 434s 1925-1926-—J&J 6 Michigan Central— 5s coup '31 C & B O div.M&S Deb gold 4s 1929______A&O Equip 5s 1925-30 (y r).A & 0 Equip 6s 1925-32 (y r)..M & S 1st 5s Kal & S H 1939.M&N 1st mtge M Air L 4s '40-J&J 1st g 4s Jol & N Ind ’57J&J10 1stg 3 14s J L & Sag '51-M &S 1st gold 314s 1952........ M&N BayC&BC 1st M g 3s’89J&D Bat C & S 1st gu g 3s’89.J&D Det R Tun 414s ’61 gu.M&N Grand Riv Yall 4s ’5 9 .-M&S Tol Can Sou & D 4s ’56-J&J M ob & Mai 4s 1991........ M&S Consol gold 314s 2002.-M&S N J June 1st 4s gu 1986--F&A N Y & H a r 1st g 314s 2000 M&N N Y & Nor 1st g 5s 1927—A & 0 N Y & Put 1st 4s g 1993--A & 0 Pine Creek gu 6s 1932----- J&D Pitts & Lake Erie 6s 1928—J&J 5s Jan 1 1928_________ A&O Eq tr 614s 1925-35(yr).A&0 Pitts M cK & Y 6s 1932.J&J 2d 6s guar 1934______ J&J St Lawr & Adirond 5s '96- -J&J 2d gold 6s 1996............. A&O West Shore 1st 4s 2361____J&J N Y O & St L 1st g 4s 1937.-A&O 2d & impt 6s A B & O '31-M&N Deb 4s M ay 1 1931_____M&N R ef 514s 1974 ser A _____A&O New York Connecting RR — 1st M 414s 1953_________ F&A N Y & Gr’wood Lake— See Erie N Y & Har— See N Y O & H R N Y & Jersey— See Hud & Manh N Y Lack & West—See D L & W N Y L E & W O RR— See Erie N Y & Long Br— See Cent o f N J N Y New Haven & Hartford— Deb 6s Jan 15 ’48 conv„J& J15 Deb 4s M ay 1 1957.........M&N Deb 4s July 1 ’55non-conv_J&J Deb 4s 1956 non-conv_ M&N _ Deb 4s 1947 non-conv____M&S Deb 314s March 1947____M&S Deb 314s 1954 non-conv.-A& O Deb 314s 1956 conv.........-J&J 15-yr secured 6s 1940_ A&O _ Bos & N Y A L 1st 4s g '55 F&A Cent New Eng 4s 1961____J&J Dutchess Co 414s 1940-J&D Bid. Ask. 1614 17% 15 P a 1654 26 28M 3054 1614 1654 83 66 68 9014 83 9114 8414 10014 9714 97 101 102 98 9714 10234 10814 8514 10914 90 7914 9414 91M 9214 10114 7914 9534 9234 93 102 5% 4.80% 5.20 5% 4.85 4.65% 4.85 4.65% 4.60 4% 4.85 4.65% 4.80 4.70% 4.80 4.70% 4.60 4.25% 78 7714 7814 95 ' 9314 9614 7734 8014 88 8514 81 9914 7914 9814 9614 9814 10014 105 10114 80 9854 97 99 103 5.25 4.60% 10014 9714 4.90 5.40 102 9714 4.70% 4.20% 9114 7714 8514 8634 6214 93 8614 6434 94 8514 95 8114 7914 10014 8514 10714 82' 87* 10014) 101 5.10 4.90% 10414 103 93 Vi 9514 100H 8414 9214 10334 9514 9714 85M 9334 10314 9534 9714 9214 93 92 60 6214 6334 9214 6014 64 34 6454 59 5714 57 9514 7214 68 34 80 58 58 9614 72 34 6954 66 B onds Bid. N Y N H & Hartf (Concl)— Danb& Norwalk 4s 1955--J&D Gen 5s Apr 1 1925_____A&O Harl R & Portch 4s '5 4 --M&N 8434 Housatonic con 5s 1937--M &N 9334 Naugatuck 1st 4s 1954--M&N 73 M New EDg cons 4s *45 gu—J&J 81M Consol g 5s July 1 1945-J&J 9434 N Y & NE Bos Ter 4s’39 A&O 8434 N Hav & North 4s ’56 gu.J& D N Y Prov & Bos 4s ’42_ A&O _ 8734 N Y Westchester & Bos R y— 1st M g 414s 1946 gu— J&J 6834 Prov Sec deb 4s 1957 gu—M&N 60 Prov Ter 1st g 4s gu ’5 6 --M&S 8134 N Y & Nor— See N Y C & H R New York Ontario & Western—• R ef 1st g 4s June 1992____M&S 6934 Registered $5,000 only______ 6334 Gen M g 4s 1955 red_____J&D 6334 Eq 414s Sept ’25-Mar ’28 M&S 4.75 N Y Phila & Nor— 1st g 4s '39J&J 90 Income 4s Jan 1 1939____M &N 78 Stock trust ctfs 4s 1948--J&D 86 N Y Prov & B— See N Y N H & H N Y & Putnam— See N Y C & H R N Y & Rockaway B— See L ’g Isld N Y Susq & W— See Erie N Y West & B— See N Y N H & H Nord Ry s f 614s 1950_____A&O 82 N orf & Caro— See Atl Coast Line Norfolk Southern— 1st & ref g 5s ’61 op ’ 15_ F&A _ 79 34 N orf & Sou 1st 5s 1941---M & N 9634 _ 1st gen g 5s 1954 op t_ J&J 88 Ral & Cape F 1st 5s '4 3 --M&S 87 Ral & Southp con 5s '6 5 --J&D Suffolk & Car con 5s ’ 5 2 --J&J 8634 Norfolk Ter 1st gu 4s ’61_ M&N _ 83 N orf & West gen 6s 1931--M&N 107 Imp & exten 6s 1934_____F&A 10834 New River 1st 6s 1932____A&O 107)4 N & W R y 1st con 4s ’9 6 --A&O 9134 Div 1st lien & gen g 4s July 1 90 1944 opt Jan 1 1929__ J&J 12934 Conv 6% Sept 1929____ M&S N & W Pocahontas 4s ’41-J&D 9134 Eq tr 434s 1926-’32 (yr) .M&N b 4.80 Eq tr 434s 1927-’31 (yr)__F&A b 4.80 4.80 Eq tr 434s 1929-’32 (yr)__A&0 Scioto Yal & N E 1st 4s’89M&N 8934 No & So Car— See Car Atl & West N ’east of S C— See Atl C L of S C Northern Cal R y— See So Pac Northern Central— Gen & ref 5s 1974 ser A ..M & S 102 Northern Ohio— See L E & West Northern Pacific— Prior lien g 4s Jan 1997___ Q-J 8534 Gen lien g 3s Jan 2047_ Q-F _ 6134 86 R ef & imp 434s 2047 ser A.J& J Ref & imp 6s 2047 ser B _ J&J _ 10634 97 R ef & imp 5s 2047 ser O ..J & J 97 R ef & imp 5s 2047 ser D ..J & J 5% Eq tr 434s ’25-’32 (yr)__F&Al5& Eq tr 7s 1925-’30 (yr).M&N15 b 5.10 St P & D Div g 4s 1996--J&D Wash Cent 4s Mar 1948--Q-M 8134 St Paul & Dul 1st 5s '31--F& A 10034 1st consol g 4s 1968_ J&D _ Dul Union Dep 5s ’3 0 --A&O No Pac Ter Co— 1st 6s '33..J & J 10934 North Ry o f Cal— See Sou Pac 93 North Penna ext’d 4s ’36_ M&N _ 75 Gen g 3 3-10s 1953_______ J&J 34 Northw Term g 5s 1926 gu.-J& J Norwich & Wor— 4s 1927--M&S 97 Ogd’bu & L Cham— See Rutland Ohio Connecting— See Penn R R Ohio I & W— See O O O & St L Ohio River— See Balt & Ohio 9934 Old Colony 4s Dec 1925____J&D 4s Jan 1938______________ J&J 8934 334s July 1 1932.................J&J 9034 1st M 534s 1944...... F&A 105 Oregon & California— See So Pac Oregon-Wash R R & Nav— 84 1st & ref g gu 4s ’61 op t_ J&J _ Ore R R & Nav cons 4s ’46 J&D 9034 Oregon Short Line— See Un Pac Pacific Coast Co— See Misc Bonds 96 Paducah & 111 1st 434s ’5 5 ---J&J 10 Pan American 1st 5s ’34 opt-J&J Paris-Lyons-Medlterranean R R — 78 Ext s f 6s 1958-............. F&A15 8634 S f extl 7s 1958 _______ M&S15 8434 Parls-Orleans ext’l 7s 1954--M &S 9934 Paulista R y lst7s’42 ser A M&S15 Pennsylvania R R — Con M 4s gold 1943_____M&N 9434 9234 do 4s gold 1948...........M&N do 4s gold 1948 sterling____ stamped dollar bonds___ 9934 do 434s g 1960_______ F&A Gen g 434s 1965________ J&D 93)4 Gen g 5s Dec 1 1968_____J&D 10234 10-year gold 7s Apr 1 ’3 0 --A&O 10834 15-yr 6}4s Feb 1 1936____F&A 11034 97 M 40-yr 5s 1964.......... M&N 79 Con M 334s g £ 1945______J&J 5.10 Eq tr 6s Jan 15 ’26-’35--J&J15 Eq tr 5s Mar 1926-’38_ M&S b 4.80 _ Gen equip 5s 1925-’39 (yr) A&O b 4.80 4.75 Eq tr 434s 1925-’39 (yr)..A & O Aleg Val gen 4s 1942_____M&S 9334 54 Balt Ches & Atl 1st g5s’34 M&S 98 Belvidere Del gu 4s 1927_F&A 8334 1st g gu 334s 1943______J&J 89 Cin Leb & Nor 4s 1942-—M&N Clev & Marietta 434 s ’35 M&N 9634 Cleveland & Pittsburgh— Ser A 434s gen gtd 1942.J&J 99 Ser B 434s gen gtd ’4 2 --A & 0 Intred to 334 % __________ 8534 Ser C 3 34s gen gtd ’48--M & N 83 34 Ser D 3 34s gen gtd ’50_F&A 8334 Ask. B onds. b B sis. / T is p ic in lu e a c u d in re k L st sa . I In L n o , nN m al, s S le p e, t T x x m t. a h r e c d s c r e te st, a le o dn o in a ric a -e e p Bid. Ask. Pennsylvania R R (Concluded)— D Riv R R & B gu g 4s ’36-F&A Erie & Pittsburgh— 85 Gen gu g 3 34s ser B ’40-_J&J 96 Series O 1940--........... J&J Gr R & Ind ext 434s ’41--J& J 96 2d 4s 1 9 3 6 --.................A & O 8334 91 Muskegon Div g 5s ’2 6 --J&J 96 102 Holidaysburg Bedford & Cumb 1st M g 4s 1951 guar_ J&J _ Ohio Connecting 4s 1943-M&S Pennsylvania Company— 69 Gu g 4s 1931 op 1921..A & 0 96 _ Gu tr ctfs g 4s 1952_ M&N 61 87 Gu tr ctfs g 334s 1937--M &S 87 34 Gu tr ctfs g 334s 1941--F&A 8434 Gu tr ctfs g 334s 1942--J&D 84 Gu tr ctfs_g 334s 1944--J&D 6934 8234 Ph Balt & Wash 4s '43--M & N Gen 5s 1974 series B ____F&A 6534 108" 4 .40% Pitts Cin Chic & St Louis— 92 Con g gu 434s ser A ’40-A&O 9734 do Ser B 1942.—A&O 9734 do Ser O 1942— M&N 87 ' do Ser I 1963____ F&A do 434s ser J ’64.M&N do 4s ser D 1945-M&N do 4s ser F 1953.-J&D do 4s ser G 1957-M&N do 4s ser H i960-F&A 8234 do 334s ser E ’49-F&A Gen M 5s 1970 ser A .-J & D 9934 Gen M 5s 1975 ser B -.A & O 8034 9934 C St L & Pitts 1st 5sg ’32. A&O 102 90" Pitts Va & Char gu 4s ’43-M &N Pitts Young & Ash 5s ’27-M &N 9034 1st gen 4s series A 1948-J&D 1st M 5s 1962 series B ..F & A 102 85" 1st gen 5s 1974 series O.J&D 98 108 Sun & Lew 1st g 4s 1936.-J&J Tol Wahl Valley & Ohio— 1st g gu 434s '31 ser A ..J & J 9134 1st g gu 434s ’33 ser B ..J & J 1st g gu 4s ’42 ser C _ M&P _ 9134 Penn & N Y Canal— See Leh Va 132 Pennsylvania & Northwestern—■ 92 General 5s Jan 1 1930_____J&J 10034 4.60% Clearfield & Jeff 1st 6s ’27. J&J 101 102 4.60% Peoria & East— See C C C & St L 4.60% Peoria & N W — See Chic & N W 9034 Peoria & Pekin Union R y— 1st g 534s 1974 series A _ F&A _ 100 10034 Peoria Ry Term— See Ch R I & P Pere Marquette (New C o)— 1st g 5s July '56 ser A ___ J&J 9934 10034 10234 1st g 4s July ’ 56 ser B ___ J&J 8434 85 Eq tr 6s Jan 15 ’26-’35--J& J 15 534% 4 85% L E & Det Riv 434s ’32-.F & A 9634 9734 98 8534 Perkiomen 1st 5s ’ 18 ext to ’38 Q-J 6134 2d 5s 1918 ext to 1938___ Q-J 95 8634 Petersburg— See Atl Coast Line 10734 Phila & Balt Cent 4s 1951--M&N 88 89 9734 Phila Balt & Wash— See Penn RR 9734 Phila Harrisburg & Pittsburgh— 4.75% 1st mtge gold 5s 1925___ A&O 4.90% Phila Newt & N Y 3s 1 9 4 2 ..A&O 78 Phila & Read— See Reading Co 8 4 ' Phila Wilm & Balt 4s 1926--J&J 9834 9934 Debenture g 4s 1932____ A&O 9434 9534 8 7 ' Philippine Railway— _ 1st p 4s 1937 s f opt gu_ J&J 42 43 Piedmont & Nor 1st 5s 1954-J&J 90 91 Pine Creek— See N Y O & Hud Riv 95 Pittsb Bessemer & Lake Erie— 77 P S & L E 1st g 5s 1940_ A&O _ 10134 36 Cons 1st g 5s July 1 ’43--J& J 10034 10134 98 P B & L E con g 5s 1947--J&J Pitts Char & Youghiogheny— Gen mtge gtd 4s 1932_ A&O _ Pitts O O & St L— See Penn RR Pitts & L E— See N Y O & Hud Riv Pitts M cK & Yough— See N Y C Pitts Shaw & N— 1st g 5s '49-F&A 8 Gold 4s Feb 1 1952...........F & A ./ 5 _ 6% receivers’ ctfs 1927_ M&A jf 70 Pittsburgh & Shawmut—■ 1st s f g 5s 1959 op t______ J&D 70 843 Pitts Shen & L E— See P Bess&LE 903 Pittsb Term R R & Coal— 90 1st g guar s f 5s 1942_____J&J W Side Belt 1st g 5s '37-M &S 88 9834 Pitts Va & Chas— See Penn RR 25 Pitts & Western— See B & O Pittsb Youngs & Ash— See Pa RR 7834 Portland & Ogdensburg 92 1st M 434s 1928 guar___ M&N 8634 95 96 8434 Port & R Falls— 1st g 4s ’26-M&N 98 100 Debenture 4s Aug 1927--F&A 96 Portl (Me) Term gu 4s '6 1 --J&J 76 78 Guar 5s 1961_____________J&J 9434 9634 93 Port Reading— 1st gu 5s ’41_J&J Ports Gt F & Con— See Bos & Me 9234 Potomac Val— 1st gu 5s g '41-J&J 100 99 34 Princet & Nor thw— See Chic & N W 9334 Prov Sec Co— See N Y N H & H 10234 Providence Term— See NYNH&H 82 10834 Prov & Wore— 1st 4s 1947--A&O 11034 Ral & Aug— See Seaboard Air L 98 Ral & Cape Fear-See N orf Sou 83 Ral & Charles— See Seab A L 4.70% Raleigh & Gas— See Seab A L 4.70% Ral & Southp— See Norfolk South 4.70% Raleigh & S W — See Ches & Ohio 4.65% Raritan River— 1st g 5s '39--J&J 93 95 9334 Reading Company—■ 56 Gen gold 4s Jan 1 1997._J&J 9534 100 Eq 434s July '25-Jan '27--J& J 4.75 4 .50% Eq 5s (J&J) ’25-’32 ser J..J& J 4.85 4.65% 90 Jer Cent g 4s '51 op ’06--A & O 9234 9334 Gen & ref 434s 1997 ser A.J&J 9534 9534 Atlantic City gu 4s 1951--J&J 8434 1st M gold 534s 1929--M&N 10134 9934 W & N A tr ctfs 4s red 105- Q-M 9934 79 80 Phila & R— 2d 5s g 1933--A & 0 101 Imp M ext g 4s 1947_ A&O _ 91 93~ Cons ext gold 4s 1937--M&S 933 9134 Term 5s g gu M ay 1 '41-Q -F 10334 1043 Del R Ter p m g 5s ’42-M&N 100 Ex p mon g 5s 1942..J&J 100 34 R A IL B O A D B onds. Bid. Ask. Reading Company (Concluded)— Wilm & No 1st 5s 1927-J&D 99 Gen g 5s Aug 1 1932.-Q-F 100 Phila & Read Coal & Iron— ___ Coll s f g 4s ext ’32 gu.F&A 92 Renssel & Saratoga— See Del & H Richm & Danv— See Southern Ry Rich Fredericksb & Potomac— Cons mtge 454s 1940____ A&O 85 | ___ Equip 6s Jan 15 ’28-’35-J&J 15 b 5.40 5.20% Rich & Mecklenburg— See So Ry Rich & Petersb— See Atl Coast L Richmond Term— 1st 5s 1952.J&J 100 >4 101 Richmond-Washington Co— Coll tr g gu 4s 1943 op t-.J & D 91 Rio Gr June— See Denv & Rio Gr Rio Grande Sou— See Denv & R G Rio Grande West— See D & R G Rock IsldFrisco Term— 5s ’27 J&J 99 54 Rock Isl Ark & La— See C R I & P Rock Isl & Peoria— See C R I & P 86 Rutland— Con 454s 1941____J&J ___ Benn & Rutl 4 ^ s g ’27 ..M & N 74 Ogd & L Ch 1st g gu 4s '4 8 .J&J 78 Rutl Can 1st g gu 4s 1949.J&J 75 74 >4 Eq tr 454s 1926-27 (yr)_M&N b 5.50 5% St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s ’5 1 .-J&J 7254 75 St Clair Term 1st 5s" 1932— F&A 60 78 St J & Gr Isl— 1st g 4s 1947..J&J 7934 St Lawr & Adir— See N Y Central St Louis A1 & T H— See 111 Cent St Louis Br— See Term RR Assn St L & Cairo— See Mobile & Ohio St L Iron M t & Sou— See M o Pac St L Mer Br Co— See Term RR St L Peo & N W— See Ch & N W N W St L Rocky M t & P 5s 1955— See Misc C os,p. 44 St L South— See Illinois Central St Louis-San Fran (reorganized) Prior lien 4s 1950 series A ..J & J 77 54 7714 92 54 93 Prior lien 6s 1928 series C ..J & J 102 54 10334 Prior lien 514 s ’42 series D.J& J 10054 10014 92 Cum adj 6s July 1955 ___ A&O 91 >4 Income mtge 6s July I96 0.-Oct / 8814 89 Eq tr 6s Jan 15 '26^’31--J&J15 b 5.40 5.15% Gen mtge gold 6s 1931___ J&J 10514 10514 ___ Gen mtge gold 5s 1931___ J&J 100-4 Con mtge 4s July 1996------J&J 9014 Sou West Div g 5s 1947--A&O 9914 St Louis Southwestern— 83 1st g 4s 1989. . ______M&N 8314 2d g inc 4s N ov 1989___ -J&J / 77 78 9014 1st consol g 4s 1932- _ J&D _ 91 _ 1st term & unif 5s 1952_ J&J 88 J4 8814 Eq tr 514s 1925-1939 (s-a) M&S b 5.25 5% 91 Ce'nt A ik & Ea 1st 5s’40 op .J&J Grays Pt Term g 5s 1947-J&D 8814 88 Shrev Bdg & Ter 5s ’55 gu F&A StephenvN&STex 5s’40 op.J&J 9014 9114 St Paul Bridge & Terminal Ry— 101 1st M 6s 1929____________ J&J 10234 St Paul & Duluth— See Nor Pac St Paul East Gr Trk— See C&N W & N St P & K C Sh L— See C R I & P R I & Pac St Paul Minn & Manitoba— 1st consol g 4s 1933______ J&J 9614 1st consol g 6s 1933 _____J&J 10814 10914 1st cons red to 414s g 1933-J&J 9914 100 9214 Montana ext 1st 4s 1937-J&D 95 Pacific Ext 1st 4s £ 1940.-J&J 8614 8814 Eastern Ry o f Minnesota— Nor Div 1st g 4s 1948--A&O 9014 Mont Cent 1st gd 6s 1937-J&J 11014 113 1st guar gold 5s 1937------J&J 103 Wil & S F 1st 5s g 1938---J&D 10214 104 St Paul & Nor Pac— See Nor Pac St Paul Union Depot— 1st & ref 5s 1972 ________ J&J 10114 10234 Salt Lake City Un Dep & R R — 92 1st M 5s 1938___________ M&N 95 San Ant & Aran Pass— See SoPac San Fr & S Jo Val— See A T & SFe San Fran Term— See Sou Pacific Santa Fe Pres & Ph— See AT&SFe Sault Ste Marie Bridge— ___ 1st M s f 5s July 1 1937--J&J Sav Fla & W— See Atl Coast Line 70 Sav & States— 1st g gu 5s ’53. J&J 75 Schenectady & Duanesburg— 1st guar 6s 1924_________ M&S Schuylkill River E S— See B & O Scioto Vail & N E— See N orf & W Seab Air Line— 1st g 4s 1950-A&O 79 54 8034 82 7914 Adj mtge 5s Oct 1 1949--F&A 81 8054 72 Ref gold 4s 1959 op t_____A&O 7214 95 1st & cons 6s 1945 ser A ..M & S 9514 Equip trust 6s 1925-27_ J&D b 5.60 5.25% _ Equip tr 6s (s-a) 1925-37-F&A b 5.60 5.25% Atlanta-Birmingham Div— 1st g 4s M ay 1 1933------M&S 90 89)4 Caro Cent 1st g gu 4s ’4 9 --J&J 8034 Florida Central & Peninsula— 1st 1 g ext 5s gold 1930—J&J 100 1st cons 5s gold 1943------J&J 9914 100 95 Sou Bound 1st g 5s ’41-A&O 9514 Georgia & Ala 5s Oct ’4 5 --J&J 9514 96 94 Ga & Ala Term 1st g 5s’48.J&D Ga Caro & N— 1st 5s g ’29-J&J 9914 9914 Ral & Augusta— 1st 6s ’26.J&J 10034 101 ____ 50 Ral & Charleston 4s 1956.F&A ____ 50 Consol 4s 1956------------F&A 97 Ral & Gaston— 1st 5s g ’47.J&J 101 Seab & Roanoke— lst5s’26.J&J 95 Seacoast R R o f N J 5s ’4 8 --A&O 90 Sebast & Mooseh 1st 5s ’28-M&S Shamokin Sunbury & Lewisb’g— 2d 6s gold July 1 1925____J&J 100 Sher Shrev & So— See M o K & T Shrev Bdg & Ter— See St L So W Sierra R y o f California— 1st s f 6s g Apr 12 ’37.A&012 Sioux City & Pac— See Ch & N W 67 72 Somerset R y 1st & ref 4s ’55-J&J 70 75 1st M 4s July 2 1950.........J&J Basis BONDS AND STOCKS [V ol. 120. N TIC .— ll bond prices a e "and interest" except w ere m rk “f” an in e an defaulted bonds. O E A x h a ed d com d BONDS / Txis price includes accrued interest, Bid. Ask. B onds an d S tocks. Bid. Ask. So Caro & Ga— See Southern Ry Toledo Peoria & Western— South Bound— See Seaboard Air L 1st gold 4s July 1 1917____J&J 2754 3154 So Indiana— See Ch T H & S E Toledo St Louis & Western— Southern 111 & M o Bridge Co— 9954 i 100 Prior lien g 354 s July 1 ’25 J&J 8654 1st M g 4s 1951-...............M&N 87 1st gold 4s Apr 1 1950____A&O 7734 7934 Southern P acific Co — Tol Term 1st 4l4s ’57 gu_ M&N _ 91 8954 Coll tr 4s (C P) Aug 1 ’49 J&D 87 Tol Walh Val & O— See Penn R R 8654 Conv g 4s June 1 ’23 op ’ 14 M&S 97 54 97 54 Toronto Hamilton & Buffalo— Conv g 5s 1934___ - ____ J&D 8654 1st gold 4s June 1 1946_ J&D _ 88 10054 10134 87 Coll trust 5s 1944 ____.M&N Ulster & Del cons 5s 1928--J&D 9954 8754 Equip 7s 1926-1935 (yr) J&D b 5% 4.85% 1st ref gold 4s 1952______ A&O 5554 56 Equip 5s 1926-1939 (yr)..M & N b 4.90 4.70% Union Pacific— 94 Equip tr 5s 1928-38 "(yr)-.J&D b 4.90 4.70%, 1st ry & land gr 4s g 1947--J&J 9454 99 Eq' tr 414s 19 28-40 (yr) .J& D Basis 4.69 Conv 4s 1927_____________J&J 9954 Pacific Fruit Express equip 7s 1st & ref 4s June 2008___ M&S 8854 8854 1st & ref 5s June 2 2008--M &S 10754 108 June 1 1925-1935 (y r).-J & D b 5% 4.85% 99 Aus & Nor 1st 5s g i9 4 l..J & J 10-year 6s July 1928_____J&J 10354 103 54 b 4.75 4.50% Central Pacific— Eq tr 434s 1928-38 (yr)..M & N 89 3? 1st ref 4s g guar 1949--F&A Eq 454s Mar 15 ’29-’39-M&S15 b 4.80 4.50% 8954 8-4 1st g guar 4s Oct 1 1954 A&O Equip tr 5s 1927-37 (yr)--M &S b 4.75 4.50% 8734 M 334s g gu Aug 1 1929.J&D 96 Equip tr 7s 1926-35 (y r)--J& D b 5% 9654 4.80% m European loan 4s ’46-M&S 73 Ore R R & Nav—’See Ore-Wash 7354 Galveston Harrisb & San An— Ore Short Line 1st 5s 1946-J&J 10554 110 Mex;& P Div 1st 5s ’31 -M&N 10054 100J4 1st cons guar 5s 1946_ J&J 10554 10654 _ 2d M 5s 1921 gu____ J&J Ref g gu 4s ’29 opt ’07--J& D 99 54 100 34 9754 9754 Houston East & West Texas— Utah & Northern— 9354 1st 5s g M ay 1 1933--.M &N 100 1st 7s ’08 ext at 4% to’33-J&J 1st gu g 5s Mar 1933.-M &N 10034 Consol gold 5s 1926____J&J 10054 10154 Houston & Texas Central— Union Terminal Co (Dallas)— St J&J 100 9934 1st lien g 5s 1937_______Johns & L Cham— 5s ’44.M&S 1942 opt 1922____A&O 1st g 5s 40 9954 W aco& N W D iv 6 s g ’3M&N 102 United N J RR & Canal Co— ___ __ 97 Nor Cal R y g 5s 1929. - -J&D General gold 4s 1929_____M&S No Ry of Ca’ 5s g gu 1938-A&O 10454 9254 General gold 4s 1944_____M&S 81 Oregon & Cal 1st 5s 1927--J&J 101 Gen 1st g 334s Mar 1 ’51 M&S 10154 S A & Ar Pass g gu 4s’43--J&J 8454 8454 Upper Coos— See Maine Central San Fran Term 1st 4s 1950 A&O 8754 8754 Utah & Northern— See Union Pac 11034 Utica Clin & Bing—'See Del & H So Pacific Br 6s 1937___ A&O Southern Pacific RR Cal— Vandalia R R — ___ 87 Cong 4s 1955 series A ____F&A 1st con g 5s gu 1937. -M&N 10354 8754 87 91 h 1st ref g 4s 195*5 op 1910 J&J Series B 1957 ________ M&N 9134 9454 Vera Cruz & Pacific R R —So Pac Coast 1st g 4s 1937-J&J / -... 99 Texas & N O con 5s 1943.-J&J 9834 1st gold 434s 1934 op t------- J&J f ____ 92 Dallas Div 1st g 4s ’30-F&A 9434 Southern Railway—■ 1st gold 454 s 1934 assenting— f — 1st consol gold 5s 1994. --J& J 10334 10354 Verdig Val Ind & West— See M oP 72 8) Develop & gen M g 4s ’56-A & 0 7954 Vermont Vail lst454s 1940--A&O Vicksburg Shreveport(& Pacific— Develop & gen 6s 1956 ..A & O 10834 107 Develop & gen 634s 1956-A&O 11054 111 Pr lien 6s '15 ext 5 # * 4 0 - -M &N 10054 965a Gen 5s M ay 1 1941------- M&N Eq tr 6s Jan 15 ’26-’35- J&J15 b 5.40 5.10% 106 Ref & impt 6s 1973 ser A .M & N Eq tr 5s 1925-39 (s-a)-.-M & S b 5.05 4.80% Eq 434s N ov 15 ’25-’26 M&N15 b 4.95 4.75% Virginia Midland— See South Ry 4% Va & Southwest— See South Ry Eq tr 434s Oct ’25-’39 (s-a) A&O b 4.80 E Tenn reorg lien 5s 1938.M&S 10034 Virginian Railway— __ l it M gold 5s 1962 op t— M&N 10054 10054 1st Mem Div g 5s 1996. J&J 102 86 34 Eq6s A Oct’25-Apr’30(s-a) A&O 6 5.15 4.90% St Louis Div 1st g 4s 1951 J&J 70 Wabash— 1st gold 5s 1939--M&N 10154 10154 Aiken Br 1st g 4s 1998 _ J&J _ 97 5* Atlanta & Charlotte Air Line— 2d gold 5s 1939...................F&A 9954 9754 Deb mtge 6s series B 1939-J&J f - - - 1st M 434s 1944 ser A ..J & J 80 1st lien term gold 4s 1954.-J&J 1st M 5s 1944 ser B _ J&J 10254 103 54 _ 81 97 78 79 R ef & gen 5 34s 1975 A ------M&S Atl & Danville 1st 4s 1948-J&J 9754 63 68 10054 101 6% notes 1930____-M&S 2d g 4s 1948___________ J&J 7854 79 Atl & Yad 1st gu g 4s 1949-A&O Eq tr 6s 1926-35 (year)__J&J15 b 5.40 5.20% Det & Chic ext 1st g 5s '41 - J&J 10054 E T Va & Ga— Div g 5s ’30 J&J 10054 86 Des M Div 1st g 4s 1939--J&J Consol 1st g 5s 1956 -M&N 10054 84 66 65 Toledo & Chic 4s g 1941.-M&S Ga Mid 1st g 3s 1946_____A&O Omaha Div 1st 354s g '41-A&O Knoxv & O 1st g 6s 1925--J&J 100 10034 7554 77 Waco & N W— See Hous & Tex C L & N So joint g 4s— See L & N ___ Warren R R —'See D L & W 9954 M ob & Birm pr lien 5s ’45-J&J 98 85 97 90 Washington Cent— See Nor Pac 7954 Gen M g 4s 1945_______ J&J 75 7754 Wash Co R y— See Maine Central 85 88 Wash Term Co— 354® 1945--F&A 8254 Mobile & O coll tr 4s ’38-M &S 8954 1st gold 4s 1945 g u a r ------F&A Rich & Dan deb 5s stpd ’27 A&O 10054 101 Weath’d Min W & N— See Tex&P Richmond & Mechlenburg— 7754 1st g 4s N ov 1 1948 M&N 7934 West Jersey & Sea Shore— 93 So Caro & Ga 1st 534 s ’29 M&N 10254 103 Consol gold 4s 1936-- — J&J 94 90 Cons 354 s g series B 1936--J&J Va Mid series E 5s 1926--M&S 10054 101 ___ West Maryland 4s 1952------A&O 6354 67 Series F 5s 1931_______ M&S 100 ___ ____ 5% gold notes 1915 op t— J&J General 5s 1936_______ M&N 10054 98 9954 102 Balt & Harris g 5s 19.36--M&N Va & Southwest 5s 2003--J&J 100 98 93 1st M West Ext g 5s ’38 M&N 100 1st con g 5s 1958— ..A & O 9354 West N Y & Penna 5s 1937--J&J 10054 S & N Ala— See Louisv & Nashv 80 Gen mtge gold 4s 1943_ A&O _ South Pac Coast— See South Pac 8054 Income g 5s Apr 1943---- N ov 1 f -----Spartan U & Col— See Ash & Spar Western Pacific R R Corp—• Spokane Falls & Nor 6s ’39- J&J 85 8634 1st M 5s 1946 series A ____M&S 9554 Spok Internat 1st g 5s 1955 J&J 9554 98 97 1st M 6s 1946 series B ____M&S 103 State L & Sulliv 434s 1929-J&J 10354 4% notes 1930...................A&O 9254 Staten Island Ry— See Balt & Ohio 9354 Stephenv N & S Tex— See St L S W Eq tr 554s 1925-38 (yr)._J&D b 5.40 5.15% Western Pa— 1st g 4s 1928--J&D Suff & Carolina— See N orf & So 9754 9854 Sunbury Hazleton & W -B— West R y o f Ala—454s 1918 3xt at ____ .... 99 6% to Oct 1 1928________ A&O 1st 5s M ay 1 1928_______ M&N ____ West Shore— See N YC & H R RR 75 2d mtge inc 6s 1938 coup.M&N West Side Belt— See Pitts Term Sunbury & Lew— See Penn RR West Va & Pittsb— See B & O Sup Sh Line—’See C St P M & Om Wheeling & Lake Erie R R — Tampa & Jacksonville— 7 15 7754 1st consol gold 4s 1949_ M&S _ 1st M 5s 1949 ctf dep____A&O 77 54 86 88 73 54 R ef M 454s series A 1966-M&S Tampa North 1st 5s ’36 op.J&J 7454 5.25 Term R R Assn (St Louis)— Eq tr 4s 1926-27 (year)_ A&O _ 5% 9654 L Erie Div 1st g 5s 1926--A&O 10054 10154 1st gold 434s 1939_______ A&O 9854 ____ 100 Wheeling D iv 1st g 5s ’28.J&J 1st consol gold 5s 1944_ F&A 101 , , _ .... 8154 8554 Exten & impt g 5s 1930--F&A Gen ref s f g 4s ’53 op ’ lp J&J 10654 10754 St L Br 1st g 7s 1929 ___ A&O 88 St L Mer Brdge T — 5s ’30 A&O 10034 101 Wheeling Term 4s 1940_____F&A 90 ____ Wichita Falls & Northwestern— Mer Brdge 6s ’29 op ’09 F&A 102 ____ 1st 5s Jan 1939 _________ J&J f 115 Terre Haute & Ind 5s 1925--J&J 100 98 1st & ref g 5s 1940 op t____J&J / 90 Terre Haute & Peo 5s 1942 M&S 80 75 Wichita Union Terminal R y— Texas City Term 6s 1941-J&J26 93 Texas & New Orleans— See So Pac 1st g gu 454s 1941 op t_ M&N _ Wilkes-B & East— See N Y S & W Texas & Okla— See M K & T 10254 10254 Williamsport & N Branch R R — Texas & Pac 1st 5s 2000 _ J&D _ 101 1st ref gold 454s 1931_____J&J f 70 2d inc g 5s Dec 2000_____Mar / 90 9954 Louisv Div 1st 5s 1931_ J&J _ 9954 Wilmar & S Falls— See St P M &M 5% Wil & Nor— See Phila & Reading Eq tr 5s 1925-’39_______ M&N b 5.20 98 Wil & Weldon— See Atl Coast L Denison & Pac Sub 1930-M&S 94 Winston-Salem Southbound— Weatherford Min W & North— ____ 86 9754 8454 1st guar f 5s 1930______ F&A 1st gold guar 4s 1960_____J&J Winston-Salem Terminal Co— Tex Pac-M o Pac Term R R — 101 102 1st M gold 5s 1966.............A&0 9934 1st M g 5J4s 1964_______ M&S 9954 8054 Tol Can Sou & Det— See M ich Cen Wis Cent R y— 1st M g 4s '4 9 -J&J 8054 ____ 7554 1st & ref 4s 1 9 5 9 --.........-A&0 7654 Tol & Ohio Cent 1st 5s 1935--J&J 10054 West Div 1st 5s g 1935_ A&O 100 _ 10054 554 % g notes Apr 15 '27A&015 101 10154 9854 Marshfield & South East Div 9954 General gold 5s 1935_____J&D 78 83 pur mon 1st g 4s 1951--M&N St M ary’s Div 4s g 1951--F&A 8534 Sup & Dul Div 4s 1936---M & N Eq tr 454s 1926-27 (yr)__J&J b 5.10 4.75% 8554 8654 60 .... 8154 84 54 Mfnneap Term 3 54s'50 opt.J&J Kana & M ich 1st 4s 1990--A&O ____ ____ WorNach&Roch— 4s Jan ’30 -J&J 75 .... 2d mtge gold 5s 1927— J&J ____ 70 4s Oct 1 1934_____________A&0 Eq tr 6s 1926-35 (yr)_J&J15 b 5.40 5.20% 91 6754 8934 Yosemite Vail s f g 5s 1936--J&J Kanawha & W Va 5s 1955 J&J 6854 k Lastjsale. /In London, m Dollars per 500 francs or £20. n Nominal, s Sale price. RAILROAD STOCKS—LAND BANK BONDS AND STOCKS N T E A b n pic a ae "an in r st” e c p w e e mr e ‘ f” a d in o e a d d fa lte b n s. O IC .— ll o d r e r d te e x e t h r a k d n cm n e u d o d J une, 1925.] Stocks. Bid. Ask. Stocks. Par. Bid. Ask. S tocks Par. Bid. 35 Ask. B A ILB O A D STOCKS. Par 80 82 Lackawanna R R o f N J _____100 75 Ala Great Southern com _____ 50 dx 71 80 Lehigh Valley________________ 50 JO IN T STO C K LAND BA NK B O N D 8 79)4 78 Preferred__________________ 50 d 73 90 80 Preferred___________________50 104 92 Alabama & Vicksburg (new).lOO 101 95 Agricultural— 5s ’53 op ’33.M&N i o i h Little Miami original guar_ 50 _ 42 Albany & Susquehanna (guar) 100 202 40 Atlanta— 5s 1952 op 1932. - J&D 101% Spec guar betterment s t k .. 50 . Allegheny & West (guar)_____ 100 106 41 43 Atlantic— 5s 1953 op 1933..M & S 101H Lit Schuyl Nav RR S Coal (gu) 50 t Ann Arbor common__________100 29)4 30)4 Long Island R R ______________ 50 5s 1952 opt 1932______________ 101 Preferred_________________ 100 l l o '" 62)4 56)4 Louis S M o Rivjpref (gu ar).. 100 101 t 5s 1954 op 1934.................. J&J 101 H Atch Top & Santa Pe________ 100 120 175 120)4 Louisv Hend & St L com ___ 100 Bankers— 5s ’53 op ’28____J&J 100) 4 165 96 95)4 Preferred________ 100 80 88 Preferred__________________100 5s M ay 1952 op 1932____M&N 102% 4% 5 Atlanta Birm & Atlantic_____100 California— 59 1951 op 1931_____ 101 Louisville S Nashville_______ 100 in y*. 112 t 176 Atlan & Char Air L (guar)____100 173 870 Central HI— 5s '53 op '33_ J&D 1 0 1 H _ Mahoning Coal R R __________ 50 d 840 Atlanta & West Point_______ 100 160 52 5s July 1 1953 op 1 9 3 3 ...J&J 101 % Pref (guar L S & M S ) _____50 d 50 171 Atlantic Coast L Go o f C o n n .. 50 d ___ 27 Central Iowa— 5s Apr 1953_____ 102 % Maine Central_______________ 100 25)4 Atlantic Coast L R R com ____100 164)4 165 5s M ay 1 1942 op 19 2 7 ..M&N 100% Preferred__________________100 x 80 84 Atlantic 1st leased lines rent tr_ Id 81 _ 600"" 4% s Nov 1 '52 op ’32____M&N 100 Michigan Central____________100 500 97 100 Augusta & Savannah (guar)-.1 00 53 Chicago Joint— 5 Ha '51 op ’31 — 104)4 Minehill S Schuyl Hav (g u ).. 50 d 51 t 79 Balt & Ohio—Com m on______ 100 79)4 Minneapolis S St Louis______100 3% 5s 1951 o f 1931................ M&N 102)4 t 3)4 Preferred_________________ 100 64)4 64)4 Minneapolis St P & S S M ...1 0 0 31 34 5s 1952 op 1932................. M&N 102)£ Bangor Aroostook common_ 50 d 39)4 _ 39)4 50 102)4 5s 1963 op 1933....................... .. Preferred__________________100 45 Preferred_________________ 100 88)4 91)4 4 K s 1952 op 1932............. M&N 101H 58 4% leased line c t f s . . -------- 100 59)4 40 Beech Creek (guar N Y C ) ____50 d 39 ississippi Central___________100 4 H b 1963 op 1933.......... M&N 101) 4 21)4 23)4 159 Boston & Alb (guar N Y C ) _ 100 X ___ _ 100 35 4)4s 1952 op 1932............... . Mo-Kan-Tex R R c o m ..(n o par) d 34% 18 Boston & Maine_____________ 100 17)4 4 ) 4s 1964 opt 1934.......... M&N 101 83 )4 Preferred__________________100 83)4 17 18 Preferred_________________ 100 Missouri Pacific com ________ 100 35% 35)4 Colo-W yo 5s T53 op ’33____ A&O 101 H 1st preferred A ____________ 100 24)4 23)4 79% Preferred__________________100 79)4 Columbus 5s 1955 opt 1934__ I&J 102)4 1st preferred B ____________ 100 38)4 Mobile & Birm pref (guar)____100 Dallas— 5s 1953 op 1933— M&S 102 '4 37)4 71 73 33 34 1st preferred C ____________ 100 5s 1954 opt 1934._____________ 102)4 M obile & Ohio— See Southern Ry 50 48 1st preferred D ____________ 100 Morris & Essex (guar)______ 50 d 80 5s 1965 opt 1935______________ 103 81 1st pref E ________________ 100 25 140 150 Nashv Chatt S St Louis_____100 t 5 ) 4s 1951 op 1931....................... 103 180 Bost & Prov (guar Old C ol)_ 100 176 _ 39 Nashv & Decatur (gu L & N ). 25 d 37 Dayton-Agricultural— _ Boston Rev Beach & Lynn_ 100 5s 1954 op 1 9 3 4 ................ J&J 101) 4 National Rys o f Mex 1st pref. 100 4 )4 5)4 "5” "4)4 Brunswick Ter & R y Sec Co -.100 2 Second preferred___________100 Dayton— 1952 opt 1932____ J&D 101 1H 82 102 79 Buffalo Roch & Pittsburgh_ 100 _ New London Northern_______100 127 Denver— 5s 1954 opt 1934______ 130 93 94)4 New Orleans Great North___ 100 Preferred_________________ 100 5s 1955 opt 1935......................... 102 80 102 85 Buff & Susq R R C orp________ 100 _ New Orl Texas S M exico____100 120)4 12034 Des Moines— 5s 1952 opt 1932_ t 52 50 M Preferred_________________ 100 125 102) 4 5s 1963 opt 1933______ _______ N Y Bkln & Man B pref (gu).100 120 29)4 New York Central R R ______ 100 1 1 7 % 117)4 First Carolinas— 5s’52op’32 .M&N 101)4 Camden & Burl Co (guar)____25 d 27 58 Canada Southern____________100 122 Dividend payable in London. M120 5s 1954 opt 1934............. A&O 101)4 144)4 N Y Chic & St Louis__________100 124 % 126)4 Canadian Pacific_____________ 100 144 5s 1955 opt 1935_________F&A 101)4 79 Preferred_________________ 100 Id 77 92 91 % First of Chey— 5s’52 op ’32 M&N 101 6% preferred______________ 100 78)4 N Y & Harlem com & p f (gu). 50 d 170 77)4 Caro Clinchfield & Ohio corn .. 100 First of Clev— 5s ’53 op ’33-M&N 101 175 43)4| N Y Lack & West (guar)____100 101)4 103 H First of Minn— 5s ’51 op ’31 M&N 101 Oatawissa R R — 1st pref (guar) 50 d 42)4 2d pref (guar P & R ) ________ 50 d 42)4 43)4 N Y New Haven & Hartf___ 100 34 5s 1952 opt 1927............. M&N 100) 4 34% 102 48 Cayuga & Susq (gu D L S W ) . 30 d 46 24 X N Y Ontario S Western_____100 t 5s 1952 opt 1932............M & N 24) 4 310 Central o f New Jersey_______ 100 305 32 % Norfolk Southern____________100 5s 1953 opt 1933............. M&N 102 32)4 99 98)4 Chesapeake St Ohio___________100 First o f Montgomery 5s ’54 op ’34 101) 4 Norfolk & Western R y ______ 100 x 130)4 131 112)4 6 )4 % cum pref Ser A ______ 100 110 First New Orl 5s ’44 op ’34 M&N 78 77 Ad j ustment preferred_____100 5 5)4 No Carolina (guar So R R )_ 100 Chicago St Alton R R ________ 100 First Texas— 5s '42 opt ’32-M&N 100" 136 140 _ 2 10 Certificates o f deposit_ _ Northern Cent (guar Pa R R ). 50 d 80 )& 5s 1943 opt 1933_______ M&N 100 9 9)4 North’n N H (guar B S M)__100 Preferred_________________ 100 t 77)4 Fletcher 4% s 1954 opt 1934_____ 100 75)4 — 18)4 Northern Pacific R y ________ 100 Certificates o f deposit_____ Fremont— 5s 1953 opt '33.J&D 101)4 64 % 65 5s 1952 opt 1932_______ M&N 101)4 Chicago Burl & Quincy______100 64 North RR o f N J (guar E rie). 100 67 34)4 Northern Securities Co stubs____ 33)4 Chic St East Illinois com m on. 100 Greensboro(NC)5s’53 op ’33 A&O 100 46 47 Preferred_________________ lOO North Pennsylv (gu P & R ) . . 50 d 80 % 8134 Ill-Midwest— 5s ’53 op '33-A&O 101) 4 12)4 12)4 Ogden Mine RR(gu Cen N J)_100 d 80 5s 1954 opt 1934............. J&D 102) 4 Chicago Great West com _____100 84 28 27)4 Preferred_________________ 1O0 5s 1955 opt 1935-....................... 102)4 Old Colony (gu NYNH&H)__100 103)4 105 67 70 Chic Ind & Louisv comm on_ 1O0 _ Kansas City— 5s '52 op '32.M&N 102)4 Ontario & Quebec____________ 100 Id117 122 b0 65 Preferred_________________ lOO Oswego & Syrac (gu D L & W) 50 d 88 5s 1953 opt 1923_______ M&N 102) 4 90 10 10)4 Pac Coast Co— See Misc Stocks Chicago M ilw & St Paul_____100 5s 1954 opt 1934................ ........ 103 14)4 14)4 Preferred_________________ lOO 5s 1964 opt 1934............. M&N 103) 4 50 d 43 % 43)4 57)4 57)4 Peoria & Bureau Val (guar). 100 114 Chicago & North Western_ 100 _ 5s 1964 opt 1934________ M&N 103 116 Preferred_________________ lOO 107 107)4 Kentucky— 5s ’52 opt ’32 M&N 102 17 18 100 47 46)4 Chic R I St Pacific common_ lOO _ 100)4 5s 1943 opt 1928................... 64)4 100 61)4 98)4 98)4 7% preferred______________ lOO 5s 1954 opt 1934_________ J&J 102)4 Preferred______ 77 100 81)4 88)4 88)4 6% preferred______________ lOO Prior preferred . 70 100 72)4 Liberty Cent— 5s ’52 op '32.M&N 102)4 40 42 102)4 Chicago St Paul Minn & O _ 100 _ 5s 1953 opt 1933___________ 50 d 123 125)4 81 85 102)4 Preferred_________________ lOO Lincoln— 5s 1951 opt 1931___ Phila & Trenton (gu Pa R R ). 100 205 215 10 12 Cine Indianap & Western____100 5s 1943 opt 1928________M&N 100)4 60 61 100 20 23 Preferred_________________ lOO 5s 1942 opt 1927________M&N 100)4 50 d 29 30 525 Cine New Orl St Texas P acific. 100 490 Louisville— 5s 1952 opt 1932____ 102 Preferred. 50 d 58 60 Preferred_________________ lOO 101)4 103 New York 5s 1953 opt 1933_____ 102) 4 85 100 60 Cine Sandusky & Cleve pref. . 50 d 57 N Y & N J 5s 1953 opt ’3 3 .-J&D 103 100 130 135 140 154 Oleve Cine Chicago & St L _ 100 _ 5s 1954 opt 1934________ M&N 103) 4 100 140 142)4 Preferred_________________ lOo 110 N Y & Pa— 5s ’53 opt ’33— -J&J 103 156 50 d 153 71 Cleve & Pitts (guar Pa R R )._ 50 d 70 No Caro— 5s '53 opt ’33____M&S 102)4 54 50 d 51 Betterm’t stk (guar Pa R R ) 50 d 39)4 5s 1952 opt 1932..............M&N 102 Pittsb & West Va common_ 100 _ 7234 72)4 63 61)4 Colorado & Southern________ 1O0 140 Pitts Youngst & Asht pref_ 100 _ 5s 1955 opt 1935............... F&A 102)4 142)4 62)4 63 1st preferred______________ 100 Prov & Worcester (guar)____ 100 Ohio— 5s M ay 1953 opt 1933— 100) 4 147 61 59)4 2d preferred_______________ 1O0 Ohio-Penna 5s 1954 opt 1934.J&J 102)4 Railroad Securities Co— 91 Columbus St Xenia (guar)___ 50 d 88 Ore-Wash— 5s '52 opt '3 2 .-M &N 101 72 4% 111 Cent stk ctf 1952...1000 71)4 Conn & Passumpsic pref (gu). 1O0 Pacific Coast Jt Stk Land Bk— 90 Reading Company__________ 50 8934 V Cripple Creek Central_______ 1O0 Rights________________________ 19 ' 5" Portland, Ore— 5s’53op’33 J&J 102 18 M 15 20 Preferred_______________ 102)4 5s 1954 opt 1934_____M&N 1st preferred_______________ 50 41 40)4 80 103 Cuba RR preferred___________100 2d preferred________________ 50 5s 1955 opt 1935___________ 44 43)4 38 Dayton & M ich com (guar)_ 50 d 36 _ Los Angeles— 5s '53 op '33 J&J 102 Rensselaer & Saratoga (guar). 100 121 123 86 Preferred (guar C H & D ). . 50 d 84 Rich Fred & Potom —Com 100 217 San Fran— 5s '53 opt '33_ J&J 102 _ 159 Delaware & Bound Br (guar).lOO 158 Dividend obligations______ 100 215 Salt Lake C— 5s '53 op '33.J&J 102 220 ___ Pennsylvania 1955 opt 1935-F&A 102 Delaware & Hudson__________100 149)4 149)4 6% guaranteed____________ 100 217 Delaware Lack St Western_ 50 d 143)4 144)4 _ Potomac 5s 1954 opt 19 34..J&D 101) 4 7% guaranteed____________100 217 100 40 Delaware_____________________25 d 39 St Louis— 5s 1953 opt '3 3 .-J&D 102) 4 Roch & Genesee Val R R _____ 100 100 95 41 Denv & Rio Gr W pref tem p.. 100 40)4 Rome & Clinton (gu D & H) 100 5s 1952 opt 1932............. M&N 102)4 99 94 78 80 Detroit Hills & S W (guar)_ 100 _ Rutland preferred____________ 100 61 5s 1943 opt 1928............ J&D 100 59 __ St Joseph & Grand Island_ 100 40 ___ Detroit & Mackinac__________100 5s 1955 opt 1935________ M&S 103 _ 100 60 Preferred_________________ 100 San Antonio 5s 1939 op '24.M &N 99)4 1st preferred______________ 100 ___ 4 Duluth South Shore & A tl____100 3)4 5s 1953 opt 1933_______ M&N 101 2d preferred_______________ 100 6 5)4 Preferred_________________ 100 5s 1953 opt 1933............. M&N 101 St Louis Bridge 1st pref______ 100 112 115 61 East Penna (guar P & R ) _____50 d 59 101)4 2d preferred_______________ 100 5< 5s 1954 opt 1934........... ..M & N 56 42 Elmira St W ’msport (guar)_ 50 d 40 _ San Fran 5s 1954 opt 1934______ 102 St Louis-San Francisco R y ___ 100 81 80 % 56 Preferred (guar Nor Cent). 50 d 52 Pref stock series A ________ 100 Sioux City— 5 Ha ’51 op ’31 M&N 103 85 84 Erie— Common______________ 100 28)4 28)4 St Louis Southwestern_______ 100 South Minn— 5s '53 op ’33-M&N 101)4 48 46 38)4 33)4 s 1952 opt 1932............. M&N 101) 4 1st preferred______________ 100 Preferred__________________ 100 72,% 71)4 37 102 38 2d preferred_______________ lOO s 1954 opt 1934................... Saratoga & Schenectady (gu) .100 100 97 94 80 Erie & Kalamazoo (guar)_____50 d 77 Seaboard Air Line common_ 100 _ 100 5s 1964 opt 1934................... . 102) 4 34 Ps 34)4 64 Erie & Pitts (guar Pa R R )___ 50 d 62 Preferred____________ 100 44)4 45)4 Union (Aenoucky & Tennessee)— 11 14 Fonda Johns & Glov com ___ lOO Sharon_______________________ 50 d 41 5s 1952 opt 1932_______ M&N 102 44 22 30 Ft Dodge Des M St So com _ 100 _ Southern Pacific C o_________ 100 100)4 100)4 Virginia-Oaro 5s ’54 opt ’34-F&A 101)4 72 82 Preferred_________________ 100 Southern Ry common________100 100 96)4 96)4 Virginian— 5s ’53 opt ’33_M&N 101)4 107 Ft Wayne & Jack pref 4guar).100 105 Preferred__________________100 5s N ov 1 1951 opt 1931.-M &N 101 100 87 86)4 102 Georgia R R & Bank Co ( 'u> ..1 0 0 203 Wichita— 5s 1953 opt 1933___ M ob & Ohio stk tr ctfs dep. 100 74 76 39 46 Georgia Southern S Florida_100 c 102 Southwestern of Ga (guar)_ 100 100 _ 100 102 5s 1952 opt 1932.................... 83 1st oralirrol _____________ 100 84)4 Texas S Pacific______________ 100 t 53 52)4 75 80 2d or3f j*«>d_______________ 1O0 Troy & Gr’bush (gu N Y C ) . . 50 d 56 62 67)4 Tunnel RR of St Louis. Great Northern Ry— Pref____100 67 M 114 100 111 Ore certificates______ (no par) d 28)4 28)4 Union Pacific— Common STOCKS 100 140)4 141 72 Green Bay & Western_______ 100 Preferred_____________________ 100 74 % 74 31 Gulf M obile & North com ___ 100 31)4 United N J R R & Canal (gu).100 201 Bankers of Milwaukee______ 100 149 155 100 203 96 Preferred_________________ 100 163 95)4 Utica Chen & Susq Val (gu).100 117 Chicago 10% ..............................100 155 100 121 18 20 Hartford St Conn Western____100 158 Utica Clinton & Binghamton. 100 41 Dallas 10% ................................ 100 153 39 120 138 Hocking Valley—’Common_ 100 _ Valley R R (N Y) (guar) 150 100 Des Moines 9 % ______________ 100 143 99)4 101 30)4 31 Hudson & Manhattan_______ 100 Vermont & Mass (guar)________ Freemont 9 % __________________ 127 135 100 93 92 69 Preferred_________________ 100 70 t Vicksb Shrevep S Pac com ___100 160 100 87)4 89)4 Kansas City 10% ____________ 100 154 Huntlngd & Broad Top v t c . . 50 d ___ Preferred_________________ 100 145 92 Lincoln 9 % .......... 100 137 89)4 Preferred v t c ______________ 50 d ____ Virginian Railway___________100 100 New Y ork..................................100 135 93 104 Illinois Central______________ 100 113)4 114% Wabash Railway_____________ 100 130 28)4 28)4 St Louis_____________________ Non-cumul 6% pref Ser A . .100 114 117 Preferred A _________ South Minnesota 9 % ________ 100 153)4 158)4 100 67 66)4 T J Leased lines (guar)________ 100 77)4 76)4 V irginia_______________________ 5 d 7)4 8 49 100 47)4 Stk tr ctfs—’See R R Securs C o. Warren N J (guar'D L & W )—50 d 68 70 .50 Int St Great North R y v t c _ 100 _ Western Maryland R y c o m ..100 14 100 13)4 23)4 Internat Rys (Cent Am) com . 100 24)4 1st preferred______________ 100 70 66 65 Preferred____ _____________ 100 2d preferred_______________ 100 64)4 20 19)4 3 Iowa Central________________ 100 Western Pacific RR Corp____ 100 42 1)4 1(H ) 41)4 126 Joliet & Chic (guar C & A )_ 100 _ 130 Common new____________ 100 21 23)4 105 108 Kal Allegan & Gr Rap (gu)__ 100 Preferred________________ 100 92 91)4 K C Ft Scott St Memphis Ry— Preferred new___________ 100 s 75 70 Pref Cent Tr c tf dep stpd--100 West Jersey S Sea Sh— C o m .. 50 d 37 t _ 38 96 103 K C St L & Chic— Pref (gu)..100 Wheeling & Lake Erie R y ____ 100 16)4 16)4 Kansas City Southern_______ 100 33)4 33)4 Preferred_________________ 100 30% 30)4 __ Preferred__________________100 58)4 59)4 Wisconsin Central___________100 100 Keokuk St Des Moines_______ 100 Certificates of deposit_____ 100 — — — Preferred__________________100 6 Basis, d Price per share, not per cent, f Flat price, J Last s-ile. (In London, n Nominal, s Sale price. (N ew stock, u Ex-stock dividend f c x Ex-dividend, v Ex-rights. 36 P U B L IC U T IL IT IE S (Includes street and electric railways, gas, electric, power, water and telegraph and telephone companies.) NOTICE.— All b o n d prices are “ an d in t e r e s t ' except where marked “ f ” an d incom e an d d efau lted b on d s. Bid. B onds. Adirondack Elec Power Corn 99 1st M gold 5s 1962 opt . . J&J Adirondack P & L 1st 6s ’50 M&S 10534 95 Deb 5s 1930______________J&J Oonv deb 6s 1929-- - - A&O 102)4 99 Alabama Power 1st 5s 1946-M&S 1st M 1 & ref 6s 1951_____J&D 105 97 1st & ref 5s 1951______ - J&D Alabama Tr L & P 1st 5s ’62 M&S 94 97 Alabama Water 1st 6s 1932.J&J 1st ref 6s 1947__________ J&J 9434 Albany R y— See United Trac. 89 Albany Sou R R 1st 5s 1939 M&S Alleg Bellev & P— See Phila Co Alt G & St L Tr— See E St L & S ub 100 10634 98 10334 100 10534 98 95 100 9734 91 8334 9934 10434 92 9934 9734 100 100 9734 9134 102 9734 10434 9734 89 99 106 A 94% 9934 104 99 Deb 534s N ov 1 1943 ..M & N Amer W W & El 5s 1934 A&O Americus Ltg 1st s f 6s ’37.A & 0 Ana & Pot R R R — See W Ry&El Appalachian Power 5s 1941-J&D 7% gold bonds Aug 1 ’36-F&A _ Deb gold 6s 2024_ __ -J&J Arizona Pow 6s ’33 opt ’ 13-M&N Arkansas L & P 1st 6s '4 5 --A&O 1st lien & ref 6s 1954--- _M&S Ardmore St Ry— See Phila Co Asheville (N C) Pow & Light— 1st s f g 5s 1942 opt _ A&O _ Ashland (Wis) L, Pow & St Ry 1st M gold 5s 1939_______ J&J Ashtabula Water Supply Co 1st 5s 1937-. - - ..J & D Associated Gas & Elec Co— Sec g 634s conv ser 1954- J&J 8434 10034 10334 90 9834 9634 9834 99 9734 9134 9534 10134 9734 104 9734 83 Con g 434s 1933 gu -.F& A 15 American Gas deb 6s 2016- J&J Oonv g 7s Jan 15 1928--J&J15 10-year 7s 1934 _ J&J Am Gas & El coll 5s 2007 F&A Deb gold 6s 2014________ M&N Am Pow & L deb 6s 2016-- M&S Amer Pub Serv 6s 1942 _ J&D _ Amer Rys coll tr 5s 1931____F&A Amer Telep & Teleg 4s 1929 J&J Oonv g 4s ’36 conv aft ’09-M&S Conv 4H s '33 op aft ’25 -M&S Coll trust 5s 1946 ______ J&D 9934 108 95 10034 106 10034 99 91 93 9434 9734 102 Atchison R y, Light & Power— 1st 5s N ov 1935____ -M&N 104 9534 90 83 9934 85 9834 100 100 1st & ref 534s 1954 _____M&N 101 101 88 25 / A E & C Ry 1st g 5s ’41-A&O 15 Austin G L 5s Oct 1 1925 --Q -J 30 7934 8934 81 85 8334 9934 8434 100 99 94 93 10034 9834 45 1st, g As insA ser A M&S 9934 10234 _ _ 96 96 55 9934 103 9634 F&A 98 9734 9834 45 10234 1st ref Ks 1Q4R 10334 8834 Tlph (T 4 U s Oct 1 1037 J ir,nr| pt fis 1Q 35I A& O A&O TVT& N Brevard Co (M d) Power— Bridgeport Gas Lt 4s 1952.-J&J 90 100 34 100 9934 10134 101 8134 1st M Sl<js 1Of,4 ser A 8334 98 97 10634 8634 89 87 34 92 34 95 94 92 34 109 95 8934 101 34 16 22 93 90 97 93 /T h is price Includes accrued interest, B onds. Ask. ____ _ _ Bid. Ask. Bridgeport Hydraulic Co— 1st M 5s 1944_______ . _J&D 104 105 Bway & 7th Ave R R — See N Y Rys Bway Surface R R — See N Y Rys Bronx G & E 5s '60 op aft '20-J&J 98 100 Brooklyn Borough Gas Co— 98 1st M 5s Mar 6 1938_____M&S Gen & ref M 6s 1963 - - A&O 105 Bklyn City & New R R — See C I & Bk RR 92 Bklyn City R R 1st 5s 1941--J&J 9434 ____ Eq tr 5s ’26-’35 ser A .-J & J 15 b ___ Brooklyn Edison Co— 102 Gen M 5s ser A 1949_____J&J 102 34 Gen M 6s ser B 1930- - J&J 105 10534 Bklyn-Manhattan Transit Corp 8834 8834 Brooklyn Rap Tran 5s ’4 5 --A&O / 9434 ____ Equit Trust ctfs o f deposit-- / 9434 ____ 1st ref gold 4s 2002 _____J&J / 5634 ____ 3-year 7% notes 1921.- - J&J f 116 ____ Cent Un Tr temp ctfs dep__ / 116 ____ Temp ctfs dep stamped_ / 109 _ ____ Bklyn Hfs 1st 5s 1941___ A&O f 77 Brooklyn Queens Co & Sub— 85 1st M g 5s 1941 (stpd)_-J&J 7234 65 1st con 5s July ’41(stp)M&N 6234 86 _ Bklyn Un Elev 5s 1950_ F&A 8734 86 Stamped guaranteed____ 8734 80 Kings Co El 1st 4s 1949--F&A 7834 70 77 Stamped guaranteed _____ 85 89 Nassau Elec 1st 5s 1944--A&O 1st gold 4s Jan 1 1951-J&J f 61 6134 Atlantic Av con 5s g ’3 1 --A&O 9434 9234 ____ Bklyn Bath & WE5s ’33A&O 88 Bklyn Un Gas 1st cons 5s g ’45 M&N 10134 102 1st lien & ref 6s '47 ser A.M &N 110 11034 ____ Conv deb 7s 1932_______ M&N 13534 Brownsville Ave— See Phila Co ____ Buffalo City Gas g 5s 1947-A&O / -----B uff Gen Elec 1st 5s 1939..F& A 10034 102 1st ref 5s April 1 1939____J&J 10034 10134 Buff & Niag Falls El L & Power— ____ 1st gold 5s 1 9 4 2 - - ______ F&A 9934 Burlington (Vt) G L 5s 1955-J&J 9134 9334 Burlington (la) R y & Light— 94 96 1st s f gold 5s 1932 op t_ M&S _ ____ Butte El&P 1st s f 5s '26-’51 J&D 100 ____ 85 Cairo R y & L 5s 1938____-J&D California Electric Generating— _ _ 99 1st s f g 5s '48 op aft T 2 . M&S California Gas & Elec Corp— ____ Sink fund g 5s 1933 opt .M&S 10034 Unif & ref g 5s ’37 op s f .M &N 101 101)4 ____ ____ Cal Cent Gas & El 5s ’31-F&A Califomia-Oregon Power— ____ 1st & ref 734s ser A 1941-F&A 11034 103 1st & ref 6s 1942 ser B ___ J&J 10334 ____ 9834 1st & ref 534s 1955 seriesC-F&A Oonv s f deb 7s 1944 - .M&N 10434 105 Cal Pac R y— See Pacific Elec Ry Calumet & South Chicago Ry— 69 75 1st M rehab g 5s ’27 op ’ 12F&A Camden & Sub R y— See P S Corp 55 60 Canadian L & P 5s ’49 op ’ 14 J&J Canal & Claib R R — S eeN O E y& L 90 93 Canton-Akron Con Ry 5s ’33 J&J ____ 99 Canton Elec Co 5s 1937___ M&N 78 83 Cape Breton Elec Co 5s ’32-J&J Capital Traction (Wash, D C )— 98 1st g 5s June 1 1947-J&D 97 M ___ 65 Carbondale Ry 5s N ov '3 3 .-J&J Carolina Pow & Lt 5s 1938.F&A 100 10034 105 10534 1st & ref 6s 1953 ...J & D Cedar Rap M fg & P 5s ’5 3 --J&J 10034 101 Central Ark Ry & Light Corp— 100 Central Calif Trac 5s 1936--A&O ____ ____ Certificates . . . _ . Cent Crosst’n R R — See N Y Rys ____ Cent Dist Telep 1st 5s '4 3 --J&D 10234 Cent Ga Pow— See Ga L P & Rys 91 95 Cent Hud G & E 5s 1941.—J&D 106 Conv deb 7s 1935________ J&J 105 99 Cent Illinois Lt 1st 5s 1943 A&O 9934 105 106 1st 6s 1943______________A&O Central Illinois Public Service— 91 92 1st & ref gold 5s 1952____F&A 9934 10034 1st & ref 6s 1944 series C .-J& J 98 Cent Indiana Gas 5s 1931--M&S 9834 ____ Deb 6s 1925--M&N 10034 Central Indiana Power Co— 98 99 1st & ref 6s 1947 ser A ____J&J 7% notes 1927--___ M&S 10034 10134 Central Iowa Power & Light— 1st M 6s 1944 ser A . ..M & N 9934 10034 ____ ____ Conv M 7s 1934 ser A . M&N 99 100 Cent Maine Pow 5s '39 op T9 M&N 106 1st & gen M 7s 1941_____J&D 10734 103 1st & gen 6s 1942______ J&J 101 96 97 Central N Y G & E 5s 1941--J&J Central Power Co— 1st M 6s 1944 ser C - ____J&D 9834 100 Central Pow & Lt 6s 1946--A&O 9934 100 1st 1 & ref 634s 1952-. -M&S 9834 100 Central Ry— See Un R y& E l (Balt) Central Traction— See Phila Co Charleston Cons R y, Gas & El— ____ 92 Consol gold 5s 1999-- .M&S Ch’s’t ’n City Ry 1st g 5s 1923 ____ Ext at 6% to Jan 1938--J&J 100 Chattanooga Ry & Light— ____ 83 1st & ref g 5s 1956 op ’ 16-M&N ____ 83 Chatt Rys 1st cons 5s '56 M&N ____ 99 34 Ches & Pot Tel 5s ’29 op '09 J&J ____ 9734 Ches & Pot Tel o f Va 5s ’43-M&N Chicago Aurora & Elgin Corp— 22 Deben 6s April 1 9 7 2 - ___ J&J / 20 Chicago Aurora & Elgin R R — 92 90 Ref & imp 7s ’47 ser A.A&O Chicago City & Connecting Ry 52 47 coll tr s f g 5s Jan 1 1927-A&0 k Last sale, n Nominal, r Canadian price. B onds. Bid. Ask. Chicago City R y 1st 5s ’27 . F&A 77 34 7734 Chic North Shore & Milw R R — 1st mtge gold 5s 1936_____J&J 96 9434 1st & ref 6s 1955 ser A __J&J 99 100 Chicago & Oak Park Elec Ry— 95 Lake St El 1st 5s 1928 gu.-J& J n 93 Chicago Railways Co— 1st M gold 5s 1927 opt.F& A 7634 7734 Cons M 5s ser A Feb ’2 7 --A&O 58 55 Series B Feb 1927____J&D 43 Pur mon 4-5s Feb '27 opt J&J 40 39 Adj inc 4s Feb 1927 op t. - M ay 15 14 Chicago Rapid Transit Co— 1st & ref 634s 1944_______ J&J 94 9534 85 83 1st & ref 6s 1953______________ 26 34 2734 Chic Sou Bend & Nor Ind RR— 35 1st gold 5s Jan 1 1937____J&J 45 Chippewa Power 6s 1947- -J&D n 100 Chris & 10th Sts RR— See N Y Rys Cicero Gas— See Northw G L & O o Cincinnati Gas & Electric— 1st & ref 5s 1956 ser A _ A&O _ 10134 ____ Pr 1 & ref M 534s Jan’61 B.A&O 10434 Cincinnati Gas Transportation— ____ 1st 5s 1933 guar op 1913--J&J 107 ____ 107 Double guarantee_________ Cin Newport & C ov L & T — ____ 1st ref 6s 1947 series A ___ J&J 10134 So Cov & Cine 6s 1932-- -J&J Cities Service Co— 172 Conv g deb 7s ’66 ser B . .J&J 167 Series O ____________________ 120 121 Series D _ . ____ 10134 102 114 Series E _ . _ ___________ 113 Cities Service Power & Light— 2d s f 6s 1944 series A _ M&N _ 93 9334 Citizens Gas (Indianapolis)— 96 98 1st & ref gold 5s 1942.........J&J Citizens L H & P (Johnst’n, Pa) ____ 1st g 5s 1934 opt 1914. . .M &N 98 3^ Citizens R y & Lt— See Muscatine Lt & T rac Citizesn St Ry— See Ind Tr & Ter Citizens Tract— See Phila Co ____ 99 City Elec San Fran 5s 1937--J&J City & Sub Ry— See Port(Ore)Ry City & Sub Ry— See Wash R y & El City Water (Chattanooga)— 1st 534s 1954 series A ____J&D 10034 1 0 2 Clarion River Power Co— _____ 104 1st M gold 634s 1947____J&J ___ Clev El 111 1st 5s '39 op ’24-A & 0 10134 Gold deb 7s 1941 ________ F&A 10934 1 1 0 3 4 100 Gen M 5s 1954 series A _ M&N _ 10 134 Cleve Pains & East Con 5s 1918— 30 Ext at 6% to 1933____- A&O In 15 Cleve R y 1st 5s 1931 op t___ M&S 9834 9934 Cleve Southw Ry & Light— 20 Gen & con 5s 1954______ M&S / 2? 62 61 Cleve Berea & Ob 6s '5 4 .-M&S 61 62 Cleve & Elyria 6s ’54___ M&S 61 62 Cleve Elyria & W 6s 1954_____ 61 62 Elyria & Oberlin 6s 1954_ __ _ Clinton (111) G & E 6s 1937--J&D 92 34 ____ Coast Cos L&P 1st 5s’46 op.F& A 9234 Colorado Power 1st 5s '5 3 .-M &N 9534 9634 Columbia G & E 1st 5s ’2 7 .-J&J 101 10134 ____ Stamped. . .. _ _ 10134 Debenture 5s 1927______ J&J 9934 10034 ____ 5% gold notes 1928_____M&N 10034 Columbia (S C) R y, Gas & El Co 93 1st M s f g 5s 1936- ____J&J 95 Col Buck L&N— See Col Ne&Zan Columbus Dela & Marion Elec Co 863^ 1st & ref 5s June 1937 _____ 88 96 1st & ref 6s (stamped) 1937____ 98 96 Conv deb 6s 1935 ser A _ A&O _ 98 Columbus (Ga) Elec & Power— 103 .. ...J & D 6s 1 9 4 7 .____ ____ Columbus(0)Gas 1st 5s g’32-J&J 9934 Columbus (O) Interurban Ter Co 80 86 1st guar 5s 1935 _ _____ J&D _ Col Lon & Spr R y— See Ind C & E Columbus Newark & Zanesville— ____ 1st gold 5s 1924_________ M&S / -----____ Gen & ref gold 5s 1926_ M&N / -----_ Col Buck Lake & New Trac ____ 1st gold 5s 1921____-M&N / -----____ ____ Zanesv R, L & P 5s Mar'21A&0 Colum & 9th Av R R — See N Y Rvs Columbus (Ga) Pow 5s ’3 6 --A&O 9934 101 Columbus R y, Pow & Light— 9< 98 1st ref & ext s f 5s 1940_ A&O _ 105 R ef mtge gold 6s 1941____J&D 104 80 82 Col Ry 1st 4s '39 opt T 4 ..Q -J 95 Col St R y 1st 5s g 1931_ J&J _ 96 95 96 Cross St 1st 5s g 1933..J& D Com ’cial Cable— 4s g 2397_ O-J _ 7634 7734 Commonwealth-Edison Co— ____ 1st g 5s June 1 1943 . ..M & S 101 Vi 1st g 6s June 1 1943 ____M&S 110 111 1st M 5s 1953____________ J&J 1 0 0 3 4 10034 1st M col 5s 1954 ser B _ J&D _ 10 0 34 10034 Com ’wealth El 5s June ’43.M&S 100 10134 Oom’w’ th L & P 6s 1947--.M & N 883^ 93 99 Sec 7s July 1925______ ..J & J 100 Commonwealth Power Corp— S f g 6s M ay 15 1947..M &N 15 10234 10234 91 Gen & ref 5s 1939 - . . . J&J 93 Gen & ref 6s 1972 ser B _ J&J _ 97 100 Compt Hts & Mer Ter— See Un ___ _ _ _ Conestoga Trac 1st 4s 1950.-J&J Coney Isl & Bklyn RR 4s ’48-J&J 73 6834 _ _ _ 60 Consol gold 4s 1955- . ..J & J 82 B C & N 1st cons 5s 1939--J&J 7834 Certificates of deposit_____ 7834 Conn Light & Power— ____ 1st & ref s f 7s ’51 ser A ..M & N 112 ____ 1st & ref 5 34s 1954 ser B__F&A 105 Connecticut Power 5s '6 3 .-A&O 10334 104 104 1st & coll trust 5s 1956____J&J 103 ^ 7% notes D ec 1926 _____J&D 102 92 Conn R y & Lt 434s 1951____J&J 9134 Stamped guaranteed optional 9134 9134 ____, Conn Ltg & Pow 5s ’39____J&J 102 ____ Conn Riv Pow 1st 5s 1937 J&D 9934 Consolidated Cities L, P & Tr— 8334 1st lien 5s 1962 stamped_ J&J _ 8234 June, 1925.] PUBLIC UTILITY BONDS N T E A b n pic s ae “a d in re e c p we e mr e “f” a d in o e a d d fa lte b n s O IC .— ll o d r e r n te st” x e t h r a k d n c m n e u d o d. B onds. Bid. Consol Gas of Balt 5s 1939.-J&J 101 Gen g 4H s Apr 1954____A&O 94% Consol Gas, Elec Lt & P (Balt)— 97 % Gen g 4% s Feb 14 1 9 3 5 -.-J&J 1st ref 6s 1949 Series A _ F&A _ 107 % 1st ref 6 %s 1951 Series D A&O 110 1st ref 5Ms 1952 Series E.M &S 104 % Consol Gas N J 5s g 1936____J&. 94 1st ref 5s 1965. _ . . . . A&O 87 Consolidated Gas (N Y )— Deb 5% s 1945__________ F&A 104% Underlying cos— See N Y G E L H & P Consol Ltg Co (Vt) 1st 5s ’26 -J&J 99 Consol Pow & Ltg— 1st & ref 1 6% s 1943 - - M&S 103% Consol Pow & Light (W Va)— 1st M & ref 6s 1943 ...M & S 64 Con R y (New Hav)deb 4s’54 J&J Deb 4s 1955____________ J&J 64 Deb 4s 1955____________ A&O 64 Deb 4s 1956 guar_ ____ J&J _ 64 Cons Ry & Pow (Salt Lake) See Ut ah L & Cons Tr (N J)— See Pub Ser Corn Con Wat of Utica— 1st 5s ’30. J&J 98 97 2d Mtge 5s Jan 1 1930 --J& J Consumers El L & P (New Orl)— 96 1st M 5s 1936 . . .J&J Consum L H & P Co (Eliz, N J) 5s 1938__________________ J&D 98 3^ Consumers Power Co (Mich)— 1st & ref 5s 1936 op '1 6 --J&J 100 x 99 % 1st 1 & unif 5s ser C 1952 M&N 104% 1st 1 & unif 5% s 1954___ M&N Continental Gas & Electric— 1st lien coll tr 5s 1927.. M&N 99% R ef 6s 1 9 4 7 - . _______ .A&O 98% Coll tr 7s 1954 ser A . F&A 101% Copenhagen Telephone Co— 99 External s f 6s 1950 . A&015 Crosstown St Ry— See Col Ry & Lt Cross St Ry— See Int Tr (Buff) Cuban Telephone Co— 1st lien & ref 7 Ms 1941-..M & S 107 Cumberland Co (Me) Pow & Lt— 94 1st & ref gold 5s 1942___ M&S 101 Cumb’land T & T 5s 1937 ..J& J Cuyahoga Telep 1st 7s 1941.J&D 105% Dakota Central Telep Co— 1st gold 6s 1935. .. J&D 103 Dallas Gas 1st 6s 1941 . . A&O 101 Dallas Pow & Lt 6s 1949. . J&J 103 1st g 7Ms 1949 series B . J&J 1st g 5s 1952 series C - . J&J Danv St Ry & L Co 5s 1925 J&J Danville Tr & Pow 1st 5s ’41 J&J Darby Med & Ches Ry— See Phila R Tr Daytona Pub Serv 7s 1942. J&J 104 Dayton (O) Gas 5s’30 op'15.M&S 99 Dayton Ltg 1st 5s '37 op’ 12_M&8 Dayton Pow & L 1st 5s ’41. J&D 99% Day Sp & Urb— See Ind Col & E 93 Defiance (O) G&E 5s 1942 M&S Delaware Co & Phila— See Un P & Trans Denver City Tramway— 59 1st & ref g 5s 1933 op s f.M & N 83% Con Tram con g 5s 1933 -A&O Denv Gas & El 1st g 5s ’49.M &N 99% 96 1st & R ef 5s 1951 . . . -M&N Denver Tramway Power Co— 1st imp g gu 5s ’23 op '08 A&O n 97 Ext at 6% to 1924 - . . . Denver Tramway Terminals Co 1st M g gu 5s 1926-40. - .M&S b 7% Derry (N H) Elec 8s 1951. M&S 100 Des Moines & Cent la Elec Co— S F 6s 1937 opt series A M&S 100 90 S F 5s 1937 opt series B . _M&S 98 Des Moines El 5s 1938. M&N Des Moines City Ry 5s '36 J&J 78 Des Moines Elec Co— 98% 1st M 5s, 1 9 3 8 . ...............M&N Detroit City Gas Co— 1st M 6s 1947 series A ____J&J 105 98 Det & Sub Gas 1st 5s ’28 J&D Detroit Edison 1st g 5s 1933 J&J 101% 1st & ref 5s July 1 1940_ M&S _ 101% 1st & ref 6s July’40 ser B_M&S 108% 99% Gen & ref 5s 1949 series A A&O Conv deb 7s Jan 15 '28 J&J15 122 122 Conv deb 7s Feb 1929_ F&A _ Conv deb 7s Mar 1930-- M&S 122 Conv deb 6s Dec 15 1932-J&D 122 Det United 4% s 1932 op t. J&J 90% 70 1st M & coll tr 6s 1929 J&J Det Ry 1st 5s 1924___ -.J& D Det Ft Wayne & Belle Isle— 1st g 5s Apr 1 1928 . .A&O Det Mon & Tol Short Line Rv 1st M g 5s Jan 1933 --J& J Det & Pontiac— Cons g 4 % s ’26 o p ’ l l .J& D Det & Pt Huron Shore Line— 1st gold 5s 1950________ J&J Det Ypsil Ann Arbor & Jack— 1st gold 5s 1926___ _ .F&A Dominion Pow & Transmission— 96% 1st 5s 1932 _______ _ A&O D D E B & B RR— See Third Av Ry Duke Price Power Co— 1st M 6s 1949___________ J&J r 100% Duluth-Superior Traction Co— 95% Duluth St R y 1st g 5s ’30 M&N 8ci Gen M 5s 1930. . ___ M&N Duquesne Light— See Phila Co Duquesne Trac— See Phila Co Eastern Connecticut Pow Co— 95 1st M s f 5s 1948 series A.A&O Eastern Mass Street Ry Co— 99% Serial ref 6s Jan 1926-1929___ 68 R ef M 4% s 1948_________ J&J 72 R ef M 5s 1948___________ J&J R ef 6s Jan 1948 ser C -M&S15 Ref 6s Jan 1948 series D-A&O R ef 6s Jan 1948 series E .M & N Lynn & Bos 1st 5s g '2 4 .-J&D Extended to 1929.. . 99 Eastern N J Power Co— 99% 1st M 6s 1949___________ J&J Eastern Oregon Light & Pow Co— 1st M 6s 1929___________ A&O 99% Ask. B onds. Bid. Eastern Pa Rys 1st 5s 1936--J&* 93% _ 95 94% Eastern Tex El Co 5s '42_ M&S Eastern Wisconsin Electric Co— 90 1st & ref 5s 1947-- . . . M&S 99% 1st lien & ref 6s 1942_____J&I 1st lien & ref 6% s 1948--M&S 101 94% Sheboygan Elec 5s 1946.-J&J 101% East Bay Water 5% s 1946.-J&J 96 Un & ref 7% s '36 ser A . .M &S Un & ref 6s 1944 ser B__ M&S 101% 101% Un & ref 6s 1944 ser C . M&S 104% Unif & ref 6s 1955 ser D ..M & S 101% 5 % % gold notes 1928___ F&A 100% East Penn Elec Co— 104 1st M & ref 6s 1953_____J&J 104% East St Louis (111) Lt & Pow— 1st 5s 1940 ____ _ J&E _ East St Louis & Suburban Co— 84 Coll trust g 5s 1932 opt ..A& C Alton Granite & St L Trac— 1st cons gold 5s 1944.-F&A 65 64% Ctfs o f deposit ______ _ 99 Easton Cons El 5s 1949_ M&N Ry 93 East Palm & Beth 6s 1939--J&J Economy Lt & Pow (Joliet, 111)— 100 1st M s f gold 5s 1956___ J&E 98 99 Edison Elec Ilium o f Boston— 99% 4% s% gold notes 1928--J&J 15 97 Ed El Ill(Bkn)See Kings CoEL&P Edison El 111 (N Y )— See N Y G Edison Elec Co (Lancaster)— ___ Refunding 5s 1943_______ F&A 101% 99% Eighth Ave R R — See N Y Rys 105% Elec & Peop— See Phila Rap Tran Electric Pow Corp (Germany)— 87% 1st s f 6% s 1950 temp ctfs.M&S 100% 99% Electrical Securities Corp— 95 Coll trust s f 5s 1935 op t.-F & A 102 96 Coll tr s f 5s 1955 - - __A&0 99% Eliz Plainf & Cent JlSee Public Eliz & Trenton R R /Serv Corp Elmira Water, Light & R R — 94 1st & con g 5s 1956_ _ M&S El Paso El Co coll tr g 5s ’3 2 -J&J 102 108 7% notes 1925. - - . - J&J 100 Empire District Electric Co— 96 89% 102 1st 5s 1949___ ________ M&N 106% Empire Gas & Electric Co— Gen & ref 6s ser A 1952. J&D 102 Empire Gas & Elec and Empire 105 96 103 Coke jt lst&ref 5s ’41 opt M&S Empire Gas & Fuel— 105 l s t M s f 6 s 1926 - -_M&N 103 lst&ref conv7% s’37 ser A M&N 104% Equit G & E Utica 5s 1942-A&0 99 Equit 111 Gas, Phila, 5s g '2 8 -J&J 104% Erie Railways— 94 1st & ref 6s 1954- - A&O 107 ____ Erie El M otor s f g 5s 1941 A&O Erie Ltg 1st M 5s 1967.-A&O 98% 100 100% Erie & Suburban R y 5s ’41-A&O Evansv G & E L 5s ’32 op '12 J&D 99 Excelsior Springs Wat Gas & El— 94 1st M 6s 1932 o p t_______ J&D Fairmont & Clarksburg Trac—93% 1st g 5s 1938 opt 1913_ A&O _ 63 Federal Light & Traction— 1st s f g 5s 1942 opt . .M&S 93% 99% 1st lien g 6s 1942 stpd____M&S 101% 96% Debenture 6s 1954 ser B -.J& D 94 Fed St & Pleas Val— See Phil Co Ft Pitt Traction— See Phila Co 100 Ft Smith Light & Traction—• 77% 1st M g 5s Mar 1 ’36 op t-.M & S 6% % Ft W Van Wert & Lima Trac— 1st M g 5s 1930 guar_____J&J f 14 102 Ft Worth Pow & L 5s ’3 1 .-F&A 99% 42dStM&StNAv— See 3d A v Rv Frankf Tacony & Holmesb R v— 1st gold 5s July 1940 - ..J & J 79% 40 Galesburg Ry Ltg & Power— 95% Con 5s Oct 1934 - _ .J&D 99% 96 Galesb Ry & L 5s 1934. 105% Galv Elec Co 1st 5s ’40 op M&N 90 Galveston-Houston Elec R y— 1st M s f g 5s 1954 op t___ A&O 86% 101% 99% 101% Gas & El o f Bergen Co 5s ’49 J&D Gen 5s N ov 1 1954______M&N 96 100 General Gas & Elec Corp—123% S f g 7s 1952 ser A . M&S 103% 123% Gen Gas & El Co 6s 1929.M&S 99% 123% German General Elec— 123% 93% 20-yr 7s 1945-- - . . . J&J 15 91% Ga Row & Ips—-See B & N St Rv Georgia Light Power & Rys— 73 90 1st lien s f g 5s 1941 opt- M&S 95 Cent Ga Pr 5s ’38 opt’ 13 M&N __ Georgia Ry & Elec 5s 1932.-J&J 99% Refg & impt g 5s ’49 s f _ J&J _ 94 72 97% Atlanta Cons St 5s 1939 -J&J Georgia Elec Lt 5s 1930.-J&J 99 Atlanta Northern Ry Co— 94 1st guar 5s '54 op '90 ..J & J Georgia R y & Power— 94 1st & ref s f 5s 1954 opt -A&O 103% Gen M 6s 1947 ________ A&O 90 Gen M 7s 1941.. ___ M&N 105% 97% Grand Rap Gr Hav & Musk Ry— 75 1st g 5s July 1 1926_ _ -J&J Grand Rapids R y— 95 101% l s t s f 7 s 1939-. - . ..M & N Great Cons Elec Pow (Japan)— 90 96% 1st M 7s 1944__________ F&A 87% Gt Falls Pow 1st 5s ’40 op.-M & N 102% Great Lakes Power, Ltd— 1st M 6s 1926-1944. - -M&N 101 Great North Pow 5s 1935_ F&A _ 98% 98% Great West Pow 5s 1946 op._J&J 97 1st & ref 6s Mar 1949- ..M &S 101% 1st & ref 7s 1950 ser B _ J&J no _ 1st & ref 6s 1952 ser C ____F&A 101% 71 Green Bay Gas & Elec Co— 75 1st & ref 5s 1935- ___ M&N 98% 88 Greenwich Tram 1st 5s '3 1 .-J&J 75 88 Hackensack Wat 4s '52 op '12J&J 85% 88 Hagerstown & Frederick Ifty— 96% 1st & ref 6s 1944 - ___ A&O 101 Harrisburg L & P 5s 1952.-F&A 99% Hart St Ry— 1st g 4s 1930--M&S 84% 102 Harwood El 5s '39 op ’ 14___ J&J 100 1st & ref s f g 6s '42 o p __ M&S 105% 101 Ask. Bid. B onds. 94 97 Ask. Havana Elec R y, Light & Powei — 93 Gen M 5s 1954 series A _ M&S _ 96 95% Havana Elec R y 5s 1952. .T&A 90% 93% Helena Lt&Ry 1st 5s '25 op.M&S 101 Herkimer County Light & Power 98 100 1st 5s 1950___ ______J&i Hest Man & Fair Pass R y— See P hilaRT 96 101% Home Telep & Teleg(Los Angeles 99 100 107 Cal) 1st 5s 1933 ______J&J 98% 99 102 1st refunding 5s 1945_____J&J 102 Home Tel & Tel of Spokane— 98 99 101% 1st M g 5s M ay 15 ’36.M&N15 41 45 ___ Hortonia Power 5s 1945___ F&A Houghton Co (Mich) Elec Light— 99% 105 1st g 5s Jan 1 1927 opt_ J&J _ 25 Houghton Co Trac 1st 5s ’37 J&J f 15 ____ Hous Elec 5s 1925 opt 1910.-F&A 100 98% 100 Hous Home Telep 5s 1935--M&S ____ 99% 84% Houston Lt & Pow 5s 1931--A&C 92 ____ 1st lien & ref 5s 1953- --M&S 99% ____ 66 1st lien & ref 6s 1953 ser B .A&O 97 65% 1st lien & ref 5% s’54 ser C.M&g 101 Hudson Co Gas 5s g 1949 M&N 100% 100% 96 Hydraulic Power of Niag Falls— 103 1st & refunding 5s 1950 -J&J 101 102 ____ 101 R ef & impt 5s 1951 _ A&O _ 97% 96% Idaho Power 1st 5s 1947 J&J ___ 100 1st lien gen M 8s 1930 . . J&J First lien gen M 7s 1947.. J&J ____ 101 % 1 1 Bell Telep 1st 5s 1956 -J&E 1 94 91 Illinois Cent Trac 5s 1933. J&E ____ Illinois El Pow 1st 6s 1943 -A&O 103 104 Illinois Power & Light Corp— 102% 103 1st & ref 6s 1953 seris A . A&C 102 l05 Debenture 7s 1953 - -A&C 95% 88 Illinois Power 1st 5s 1933. .J&E 103% 104% 1st 7s 1936_______________J&E 99 100% 97 1st 6s 1944____ ... .J&E 98 Illinois Northern Utilities Co— 92 93 1st & ref 5s 1957 opt__ A&C 97 94 Illinois Valley R y 1st 5s '35 M&S Indiana Columbus & E Trac— 4 1% Gen & ref g 5s ’26 op ’ 11 M&N f 20 Col Lon & Springf 5s '2 0 .A&O f *2 40 101 Dayt Spgf & Urb 5s ’28 .M&N Indiana Electric Corp— 98% 99% 90% 1st M 6s 1947 series A . M&N 101 103 1st M 6% s 1953 series B ..F & A ____ 81 103 Indiana L tg4s 1958 opt ..F & A ____ ___ Indiana & M ich El 5s 1957.-F&A 96% 97% 97 1st & ref 5s 1955 M&S Ind Nat Gas & O— See Peo G L&C 94 95 103% Indiana Power 6s 1944 . -M&N 104% 105 1st lien 7%s 1941 ser A M&N 103 101% 100 1st lien&gen 6% s’41 ser B.M&N 100 ___ 99 5 % % notes 1928. . . .F&A 100 . —____ 92 Indiana Ry & Lt 1st 5s '43 J&J 95 Indiana Service Corp— 90% 1st & ref M 5s Jan 1 1950.-J&J 91% 99% Adjustment mortgage________ f 87% 88% Indiana Union Traction— 10 100 1st g 5s July 1 ’33 op ’08.A&O 20 10 Indiana Nor 1st g 5s 1933-A&0 20 Indianap Columbus & Sou Trac— 96 1st M g 6s Feb 1 1948___ F&A 100 93% Indianapolis Gas 5s 1952-. A&O 97% 98% Indianap L & H 5s 1940 -A&O 98% 93% Indianap & Martinsv Rap Tran— 102% 1st g 5s 1923 op t. . .J&J n ___ 50 95 Indianap New Castle & Eastern— _ 1st 6s 1932 . . Indianap Nor— See Un Tr o f Ind Indianapolis & Northwest Trac— 1st g 5s 1923 ext to 1933 M&S 43 Indianapolis & Southeast Trac— 20 1st M g 5s 1935__________ J&J 18 100% Ind Shelby & S E 5s 1932 _J&J 18 Indianapolis Trac & Term Co— 1st s f gold 5s Jan 1 1933 A&O 91% 93 50 54 Indianap St gen 4s 1933-_ J&J 59 Citizens’ St con 5s g ’3 3 --M&N 77 82 97 Indianapolis Water— 97 1st & ref g 4% s 1940 op t. J&J 93 94% 93 1st lien & ref 5% s 1953 -M&S 102% 102% Interborough-Metropolitan Co— 88% Coll trust g 4% s 1956___ A&O f 11 13 Guar Trust certif of deposit. / 4% 7% Stpd ass’t ’d & 16% subs . / 6% Stpd as del of 16% sub f 1% 104% Stpd as to del on surrender 100% of 60% of bonds_______ / % Interborough Rapid Transit— 93% 1st & ref g 5s '66 op tax-ex. J&J 67 67% Stamped __________ 66% 67% 69% 6% notes 1932__________ A&O 70% 91 Conv g 7% notes 1932- M&S 88% 88% 96% International Railwav(Buffalo)— 100 79 Buff Ry 1st con M 5s g’31 F&A 82 95 Buff Trac 1st 5-« 1948- . J&D 71 73% 98% Cross St Ry 1st 5s g ’3 2 .-M&N 79 81 100 Buff Bell & Lan 5s 1927. J&D 90 93 Buff & Lock 1st g 5s 1938 -J&J 72 74 Buffalo & Niag Falls Elec Ry— 79 1st M 5s gold 1935______J&J 82 95 Internat Ry ref 5s ’62 op_M&N 61 62 103% Interstate El Corp 6s 1933.M&S 97 98% 106% 97 Debenture 7s 1932____..J & D 100 Interstate Power Co— 80 1st M g 6s series A 1944.-J&J 99 101 1st M g 6s series B 1944 -J&J 99 101 97 General 7s 1934____ J&J 93 100 Interstate Rys— Coll trust g 4s 90% 1943 opt 1913-- . . -F&A 58% 59% Iowa Ry & Lt (Cedar Rapids)— 98% 1st & ref 5s 1932 o p t ’ 15. M&S 100 103 Iowa Southern Utilities— 100 1st & ref 6s 1943_______ F&A 97 100 Ironwood & Bessemer R y & Light 102% 1st s f g 5s ’36 opt after '15.F&A 92 110% Italian Power Co— Coll tr 6% s 1928 series A.A&O 98 99 Jackson Cons Tr— See M ich E .Ry 100 Jackson (Mich) Gas 5s g'37 A&O 98 100 80 Jackson (Miss) Public Service— 1st M 6s 1934______ __ A&O 94 97 1st M 7s 1934________________ 99 101 97% 85 86 Jacksonville Trac 1st 5s ’31-M&S 77 82 Jacksonv Elec 5s ’27 opt .M&N 92 101 Jacksonv (111) Ry & Lt 5s ’31-J&J 94 93 107 Jamaica Water Supply Co— 1st gold 5% s series A 1955-J&J 99% 101 /T is pic inlu e acudin r s kLs s le II Ln o , rCnd n pic , sSle pic . h r e c ds c r e teet, at a . n o d n a a ia r e a r e 37 1 38 PUBLIC UTILITY BONDS [V ol. 120. N T E A b n p ic s ae “a d in O IC .— ll o d r e r n terest" e c p w e e mr e “f” a d in o e a d d fa lte b n s x e t hr ak d n c m n e u d o d. B onds. Bid. Ask. Bid. Bonds. 102 90 91 10234 99 103 100 98 102 Manila Elec Co 7s 1942_ M&N _ Manila Electric Corp— Manila Elec RR & Ltg Corp— 1st lien & coll tr 5s ’5 3 --M&S Manila Sub Rys 1st 5s 1946-M&S Manitoba Power Co Ltd— 1st s f 7s 1941 ser A _ M&N _ M anuf’rs Wat (Pa) 5s 1939-J&D Marion (O) Water Co— 1st mtge 6s 1943________ J&D Market St El Pass Ry— See P R T Market St R y (San Francisco)— 1st s f 7s 1940 ser A ______ Q-J M aryl’d El Rys 1st gu 5s ’31 A&O 1st & ref 634s 1957 ser A . J&J Balt & Ann S L 5s 1946--F&A Massachusetts Gas 434s ’29--J& J Deb g 434s Dec 1 9 3 1 ____J&J 5% notes Apr 15 1927_ A&O _ Massachusetts Lighting Cos— Deb g 7s 1926-’28_______ J&D Deb g 7s 1930__________ A&O M cGav & M t V— See Nash Ry&L Memphis Power & Light Co— 1st & ref 5s 1948 ser A ____J&J 1st & ref 6s 1948 ser B _ J&J _ Memphis L & P 5s 1931-- J&J Memphis St Ry con g 5s ’45 J&J Meridian Lt & Ry 5s ’44_ M&S _ Metropolitan Edison Co— R ef & imp 8s 1935 ser A ..M & N 1st & ref 6s 1952 ser B ___ F&A 1st & ref 5s 1953 ser C ------J&J Metropolitan Elec Co (Reading) A&O 1st s f 5s 1939___ __ Metropolitan Power— 1st 6s 1953 ser A - . . J&D M et St Ry— See N Y Rys Metropolitan West Side “ L ” — 1st gold 4s 1938_________ F&A Exton gold 4s 1938- - J&J Mexican El L 1st M g 5s ’35-J&J r Mex Lt & Pow 1st 5s ’33 s f.F & A r Miami Valley Elec 6s 1945--J&J M ich Elec R y 5s 1948 - - - J&J / Jack Cons Trac 5s 1934--M&N f Michigan Gas & Elec Co— 1st & ref 6s 1943 _____ M&S Michigan Light 1st 5s 1946-M&S Michigan Nor Pow 1st 5s ’41 J&J Middlesex Water Co (N J)— Consol M 5s 1950_______ F&A Middle West Utilities— 8% gold notes 1935--------- M&S 8% gold notes 1940--------- J&D 8% gold notes 1941- - - --------Millv Etna & Sharps— See Phil Co Milwaukee Coke & Gas Co— 1st M s f 734s 1933______ F&A Milw El R y & L t 5s 1 9 2 6 ---F&A Ref & ext 434s g ’31 op t.-J& J Gen & ref g 5s 1951 opt.-J& D 1st & ref 5s 1961 ser B — J&D 1st & ref 6s 1953 ser C — M&S Milw Light, Heat & Trac— 1st g 5s gu 1929 op t— M&N Milwaukee G L 1st 4s ’2 7 --M&N Milwaukee Northern Ry— 1st 5s Apr 1931_________ A&O Minn Anoka & Cayuna R ’ge RR 1st 5s 1935_____________ M&N Minneap G L 5s Feb ’30_ M&S _ Lex (Ky) R y— See K y Tr & Term Lincoln Gas & Elec 5s 1941-J&D 96 9434 iilndell R y— See United Rys(StL) __ Little Rock G & F 6s 1937--M &N 97 Little Rock R y & El 5s '33-A&O 9734 ___ R ef & ext g 6s 1938--------- A&O 9934 98 Lockhart Power 5H s 1950- F&A 97 Locknort & Olcott Ry— See Int T rac(B uffalo) Long Isl Lighting 5s 1936--M&S 100 101 1st ref 6s 1948____________ J&J 10334 105 Lorain & Cleve R R — See Lake Sh Elec Ry Los Angeles Gas & Elec Corp—• 1st & ref g 5s 1939 o p t .. JM&S 10034 Gen & ref g 7s 1926 ser A.M&S 10134 Gen & ref g 7s '31 B & C_ J&D 10634 Gen & ref 6s 1942 ser D ..M & S 10334 105 Gen & ref 534s 1943-- -.M & S 9934 Gen & ref 534s ’ 4 7 ser E --J & D 9934 Gen & ref 6s 1942 ser G .-M & S 10234 10334 100 Gen & ref 5H s 1949 ser I..A & O Los Ang G & E 5s 1934 - - J&J 100 10034 Los Ang Pac Co— See Pac El Ry Los Ang & Pasad— See Pac El R y Los Angeles Railway Corp— 87 1st & ref s f g 5s 1940- -_ J&D 8734 Los Angeles Ry 5s 1938- -A&O 9634 9634 Los Angeles Sub Gas Corp— 104 1st lien coll trust 7s 1938 M&S 103 100 99 Louisiana Power 1st 6s '4 4 --J&D Louisville Gas & Electric Co— 1st & ref 5s 1952 ser A _M&N 9834 9834 Louisville Home Telephone— ___ 1st 5s ext 7% 1925_______ J&J 10034 Loulsv Ltg 5s 53 unstmpd A&O 9834 92 92 H Louisville R y con M 5s g ’30 J&J 2d mtge 434s 1940______ M&S 7534 7334 73 72 Gen M 5s 1950 - ____-.F & A Louisville Water— See under Loui sville. p. 50. Lower Austrian Hydro-Electric— 8534 85 34 1st s f g 634s 1944___ ____ ____ Luzerne Co (Pa) Gas & Electric— 993 4 1st ref&imp g 5s’48 op '13. A&C 99 34 10334 10434 1st & ref 6s 1954- ______M&S 104 Debenture 7s 1944 _ J&J _ 103 102 Lykens Val L & P 6s 1945--M&S Lynn & Boston R R — See Eastern Mass S t Ry 90 89 M acon R y & Light 1st 5s ’53-J&J Madison Co (111) Light & Power— 95 1st g 5s 1 9 3 6 - ___ _____ J&I Madison Gas & Electric Co— 1st ref 5s 1940...................A&C 9834 100 1st 6s 1926______________A&C 10034 Madison Railways Co— 80 75 1st g 5s 1936 - M&N 100 Mad RivPow] st 5s’35 gu op F&A Manchester Tr Lt & Power— 96 62 Manhattan El con 4s g ’90-A&C 6134 53 54 2d gold 4s 2013...................J&I Minn Gen El 1st 5s ’34 o p . _J&D Minn St Rys— See Twin C ’y R T Minnesota Power & Light Co— 1st & ref 6s 1950______ .M &N 105 ____ 1st & ref 5s 1955_________ J&D Mississippi Power & Light— 99 1st & ref 634s 1943 ser A ..J & D Mississippi Riv Pow 5s ’5 1 --J&J 9934 103 Sink fd deb 7s 1935_____M&N Missouri Edison El 5s 1927-F&A 9934 95 Mobile Elec 5s ’46 op ’ 10 --M&N M obile Gas imp & ref 7s ’51 J&D 100 M ob Lt & RR 1st g 5s ’3 7 .-J&D 69 Cons g 5s 1941______ __ M&S 68 Monongahela St Ry— See Phil Co Monongahela Valley Traction— 92 1st M g 5s ’42 opt ’22------J&D Monongahela Valley Water— 1st M 534s 1950 series A _ J&J _ 97 Monongahela-West Pa P S Co— 1st lien & ref 6s 1928___ F&A 10034 Montpelier & Barre L & P Co— 1st ref 5s 1944 _____.A&O 95 Montana Power— 1st & ref s f 5s ’43 op ’ 1 8 --J&J 100 Montreal Lt, Ht & Pow Co— lst&coll tr g 434s ’32op’ 12 J&J r 9634 99 Gold 5s 1933 opt 1913___ A&O Montreal Tramways— 1st & ref g 5s 1941 op t___ J&J 9834 Gen & ref 5s 1955 series A.A&O r 93 M orn’side El StRy— See Phila Co Mountain Home Telep Co— Gen 5s 1938 _ __ _ - -J&J 99 Mountain States Power Co— 1st & ref 5s 1938 - - - -J&J 9134 1st M 6s 1938 series B — J&J 99 M t Wash St Ry— See Phila Co 99 Muncie El L 1st 5s ’32 op ’ 12 J&J Muncie Hart & Ft Wayne Tr— 1st 5s g 1935 opt 1925------J&J / 10 M & U C Tr Co— See Un Tr of Inc Municipal Gas (Albany, N Y )— _ 105 1st M 534s 1952 ser A _ A&C Municipal Gas & Elec, Roch— 1st M g 434s 1942 opt ’ 12-A&0 Munic Service 5s 1942____M&S 9434 99 6% notes N ov 1 1928___ M&N Muskegon Tr & Lt 1st 1931 M&S 50 Muskogee Elec Tr 5s 1934-M&N Nashville Railway & Light— Cons g 5s 1953 opt 1908.-J&J 9534 87 Ref & ext gold 5s 1958_ J&. _ M cGavock & M t Vernon— 100 Summer St 1st M 6s ’26 J&J 2d series 6s July 1937 -_J&« 103 Nashville Gas & Heating Co— 1st M gold 5s 1937 guar. .M&N 98 f This price includes accrued interest, k Last sale, n Nominal, B onds. Ask. 10134 Jersey Central Pow & Lt Corp— ) 1st & ref 534 s 1945 series A F&A 97 9734 Jer C t y Hob & Pat— See P S Corp Johnstown (Pa) Telephone Co— 1st & ref 5s 1942________ P&A 99 100 Johnstown (Pa) Traction— 1st & ref 5s July 1943 _ J&D _ 66 68 JoplinAPittsRy 1st 5s’30 op.M&S 15 25 Kankakee (111) G & E 5s ’30-M & S 99 94 Kansas City Gas 1st 6s 1942.F&A 101 Kansas City Power & Light—■ 1st M 5s 1952 series A ____M&S 10034 10034 Kansas City Railways— 1st M 5s July 7 1944.........J&J f 63 65 2d M 6s July 7 1944...........J&J r 6 9 2d M 5s July 7 1944______ J&J f 6 9 Coll gold notes 7s M ay 15 1921______________M&N 15 f 73 75 Kansas Elec Power 6s 1937-J&D 10034 102 1st M 6s 1943--- - - -J&D 10034 102 Kansas Elec Util 5s 1925___A&O Kansas Gas & Elec 6s 1952-M&S 103 10334 Deb gold 6s 2022 series A .M & S 93 91 Kentucky Traction & Terminal— 1st & ref gu 5s ’ 51 opt ’ 14-F&A 82 83 Lexington R y 1st 5s 1949-J&D 94 95 Kentucky Utilities Co— 1st lien 6s 1949 series E _ J&J _ 9834 100 Key System (San Fran-Oak Term) 1st M 6s 1938___________ J&J 102 10234 R ef 5s 1938 .......................J&J 8334 8334 R ef 6s 19 38--________________ 9334 Key System Securities coll trust 6s 86 87 Key Tel 1st g 5s ’35 opt '0 8 --J&J 88 8734 6% gold notes 1927------- M&N Kings Co E L & P 1st 5s '37-A & 0 102 Purch money 6s g 1997_ A&O _ 1193s 12034 Edison El 111 Bkln 4s ’3 9 --J&J 9234 9334 Kings Co Elev R y— See Bkln R T Kings Co Gas & 111 1st 5s’40-A&O 96 Kings C oL tg 1st ref 5s ’54--J& J 9734 1st ref 6 34s 1954_________ J&J 107 Kingsport Utilities 6s 1937-A&0 92 94 1st 7s 1937 series B ____ A&O 99 97 ‘ Kinloch Long Dist Tel 5s ’29-J&J 9934 100 Kinloch Telephone 6s 1928--F&A 10234 103 Knoxv Gas 1st 5s '33 opt ’ 13-A & 0 83 84 Knoxville Railway & Light— R ef & ext 5s 1946 o p t _ J&D _ 92 95 Knoxville Trac 5s 1§38— A&O 97 98 Lackawanna & W yom Val R T — Coll trust 5s 1951________ F&A 96 Laclede Gas L t ref 5s 1934--A&O 10034 101 1st M coll tr 5 34s '53 ser C.F&A 10134 10134 Lake Roland Elev— See Un Rys & Elec Lake Sh Elec 1st con g 6s ’33-J&J 7534 Gen gold 5s Feb 1 1933_ F&A _ Lor & Clev g 5s ’ 27 op ’ 17-J&J 88 9434 ___ Sand Frem & Sou 5s 1936--J&J Tol Frem & No 634s 1925-J&J Lake St Elev R R — See Chic & O akPkEl ec Ry Laurentian Power 6s 1936- -J&J r 9834 100 Laurentlde Power 5s 1946_ J&J r 9934 _ Gen M 5s 1946___________ J&J r 10034 Lehigh Pow Sec 6% notes’27.F&A 10134 10134 Lehigh N av Elec 6s 1943.-J&J 106 10734 Lehigh Valley Transit— 1st M g 5s Dec 1935 o p t.-M & S 9634 1st M g 4s Dec 1935 op t--M & S 88 8734 Cons gold 4s 1935______ i-J& D 80 34 R ef & impt g 5s 1960------J&D 8234 8134 Leh Val L & P 5s 1943 ---A & O 9634 99 95 97 59 9834 9634 10034 9934 9534 98 65 9934 10034 100 100 99 103 100 75 93 100 10434 96 34 106 9634 9934 10034 10334 74 7034 57 60 9434 20 20 9834 99 9534 77 101 76 7134 61 25 100 10034 97 9134 105)4 108 3 4 10834 10634 10934 10934 103 34 100 9634 9934 92 34 10234 104 10034 9934 9834 100 9834 9634 9734 9734 10134 102 ____ 9834 102 34 103 9934 9234 103 10534 97 10034 100)4 100 34 10234 73 69 ___ 99 10034 97 10034 9734 ___ 9834 9334 100 94 15 106 96 100 53 89 102 105 99 r Canadian price, Nashville Water 4s 1928____J&J Nassau El R R — See Bklyn Rap T Nassau Lt & Pow 1st 5s ’27-A & 0 Nassau & Suff Ltg 5s 1945--F&A Nat Electric Power Co— Sec g 6s 1945____________ M&S National Light, Heat & Power— Coll trust 7s 1928 series B.J& J / Nat Pow & L Inc 7s 1972____J&J Nat Public Service Corp— Coll t r s f 634s 1955 ser A ..F & A Nebraska Power 1st 5s ’4 9 --J&D 1st M 6s 1949.................J&D Deb 6s 2022.......................M&S Nevada-Calif Elec 6s 1946--J&J 1st lien 6s 1950 series B — A&O Nevada-Cal Pow 6s 1927— A&O Newark Gas 6s Apr 1 1944--Q-J Newark Cons Gas con 5s ’48-J&D Newark Pass R y— See P S Corp— New Bedf & Onset 6s 1928--J&J New Brunswick (Can) Pow Co—■ 1st M 5s 1937___________ M&S New Chester (Pa) Water Co—• 1st 5s Mar 1 1943________ M&S New England Elec Securities— 1st coll tr 5s Jan 3 1932— J&J3 New Eng Pow 1st 5s 1951— J&J New Eng Tel & Tel 4s 1930--J&J 5s gold Oct 1 1932-----------A&O 1st 5s 1952 series A — -J&D New Haven W at 434s 1962.-J&J N J & Hud Riv R y & Ferry— 1st gold 4s 1950 op t— .M&S N J Pow & Lt 5s 1936______ F&A New London G & E 5s ’2 7 --A&O 2d mtge 5s 1929 A&O Consol & refg 5s 1933_____J&J New Milford Pow 1st 5s ’32.F&A New Orleans Pub Service Co— 1st & ref 5s series A 1952.-A&O Gen M 434s 1935________ J&J Inc 6s N ov 1949 series A .-J & D Series B - - - - - - — J&D New Orleans R y & Light Co— Canal & Claib 1st 6s ’4 6 --M&N N O Cy R R — Gen g 5s ’43-J&J N O Cy & Lake 5s 1943-J&J NO&Carroll con 5s Feb’33-J&J Edison El 1st 5s 19 2 9 ---J&J N O Pow-House Co 5s ’41 J&J St Charles St 1st g 4s ’ 5 2 .-J&J Newp News & Hamp R y, G & E— 1st & ref 5s 1944 ------- J&J Newp News & Old Pt R y & El 1st g 5s N ov 1 1938____M&N Gen g 5s Mar 1 1941_____M&S N Y Cent Elec Corp— 1st M 534s 1950_________ M&S New York Edison Co— 1st lien & ref 634s 1941_ A&O _ 1st 1 & ref 5s ser B 1944--A&O N Y Gas, Elec L t, H & P Co— 1st g 5s Dec 1 1948-----------J&D Pur mon coll tr 4s 1949— F&A Ed El 111, N Y , con g 5s’95-J&J Central Un Gas 5s g 1927--J&J Equitable Gas 5s 1932____M&S New Amster Gas 5s 1948--J&J NY&ER Gas 1st g 5s ’44.J&J Con 5s 1945___________ J&J NY&Westch Ltg 4s 2004--J&J Bid. Ask. 99 88 101 91 ____ 10534 103 ____ 104 97 99 ___ 9434 9934 9934 102 110 10034 98 9934 95)4 10034 10034 103 112 10034 ____ 50 77 79 95 97 50 102 34 9434 10034 10034 107 55 9534 101 101 6934 94 34 10034 101 101 101 70)4 96 93 34 88 34 90 9334 8834 107 93 34 9634 98 99 34 95 83 10834 94 97 34 90 9134 97 94 98 95 97 98 11434 10134 11534 10134 103 34 90 100 9934 100 92 93 9334 80 95 M 98 99 104 34 100 34 10034 99 96 81 96 34 100 101 _ North Un Gas 5s 1927_ M&N Standard G L 5s 19 30---M&N N Y Municipal R y Corp—• 1st mtge 5s 1966-------------- J&J f 8034 N Y & P a Telep & Teleg Co— ____ ____ 1st gold 5s Feb 1 1926------F&A ____ Gen s fd g 4s N ov 1929----M&N N Y & Queens Elec Lt & Pow—■ 1st cons g 5s Aug 1 1930--F&A 10034 90 34 NY&Queens Gas 1st 5s ’3 4 --F&A 9234 N Y 4 Queens Co Ry 4s ’46-A&O f ----Steinway R y 1st 6s 1922..J&J f 2234 2334 New York Railways Corp— 70 ---« Purchase mon 40-yr 6s ser A w i Adj income 6s Jan 1 1965 A pr. 3034 3034 Participating rects w i ________ 2834 29 34 New York Railways— 51 1st R E & ref 4s ’42 op ’ 16-J&J / 37 53 Guar Trust ctfs o f deposit_ / 5034 _ Adi inc g 5s Jan 1942____A&O f 434 5 Bankers Trust ctfs o f depos. f 434 534 46 49 Bleeck St & FF 1st 4s ’50-J&J 76 Bway & 7th Av Cons 5s’43 J&D 7434 C tf dep stpd Dec ’23 int____ 7434 7434 78 81 Bway Surf R R 1st 5s ’ 2 4 .-J&J Cen Crosstown 1st 6s ’22-M&N / 80 14 Col & 9th Ave 1st 5s ’93-M&S / 1234 ____ Eighth Ave ctf ind 6s ’ 19-F&A / 78 ___ Lex Ave & P Fy 1st 5s g ’ 93 M&S / 41)4 Second Ave con 5s g’48 gu.F&A l 34 % Trust Co certifs o f deposit_ f. 34 34 42 Receiver’s certificates 1914 - / 40 South Ferry 1st 5s 1919--A&O / 90 Third Ave— See under “ T .” 34th St Crosst 1st 5s ’96--A&C 6034 63 34 ____ 60 23d Street R y 5s 1962____J&J N Y & Richmond Gas Co— 99 34 100 1st ref M 6s 1951 series A.M&IN 1st ref 6s 1952 _ ____ M&Tv _ N Y State G&E Corp 5’s ’62 A&C l6 6 l d 10034 ____ 102 1st 6s 1953 - - -,J & . New York State Railways— 67 1st con g 434s ’62 op ’ 13-M&N 6734 90 1st con 634s 1962________ M&li 90 34 N Y Steam 6s 1947______ M 1N 10234 & N Y & Suburban Gas— See Westc hester Light’g 98 N Y Tel 1st 434s’39 tax ex.M&E 9834 110 Deb 6s Feb 1949-- - - -F&A 11034 108 A&C R ef M 6s Oct 1941___ 10834 N Y Westch & Bos Ry— See Stea m RRs Niagara Falls Power 5s 1932-J&. 10134 10134 R ef & gen 6s Jan 1932.-A&O 106 10634 1st & cons 6s ser AA ’50-M & f 106 10634 Niagara Falls Water 5s 1927____ Niagara Lockport & Ont Power— R ef s f 6s 1958 series A _ F&A _ 10934 1st & ref 5s 1955 series A -A&C 9934 9934 N orf & Atl Term— See Va R y & I s Sale price. J u n e , 1 9 2 5 .] NOTICE. PUBLIC UTILITY BONDS A b n Pic s a « “a dintoreat" except w mr e “r’ a d In o e a d d fa lte b n s od r e r n hm narked “ f anc c m n e u d o d . ak d n 3 9 . B onds. Bid. Ask. B onds. N orf & Ports Tr— See Va B y & P Paterson & Passaic Gas & Electric N orf B y & Lt 1st 5s 1949--M & N 95 % 97 consol gold 5s 1949_____ M&S Norfolk St 1st g 5s 1944---J& J 98 98 % Pawtucket Gas 4s 1932___ M&N North American Edison Co— Peekskill Lt & BB 5s 1930--A&O S f g 6s Mar 15 ’52 ser A.M&S15 101% 101% Peninsular Telephone Co— „ S f g 6% s 1948 ser B _____M&S 104 104% First M tge 6s 1943_______ J&J North Carolina Elec Power— Conv deb 6% s ’34 ser A . .A&O 1st s f g5s Oct ’4 0 op '1 6 --A & 0 95 Penn Central Light & Power Co— North Carolina Pub Serv Co— 1st & ref 5s 1950________ A&O 1st & ref 5s 1934 op t......... A&O 92 % 93 % 1st & ref 6s 1953________ J&D 1st & ref 6% s 1944______ F&A 96% 100 Penn Public Service 5s 1962-F&A _ Salisb & Spencer 5s ’45_ M&N 81% 83 1st & ref 6s 1929________ J&D North Hud Co B y— See P S Corp 1st & ref 7%s 1935 ser B-J&J North Hudson L t, H & P Co 1st & ref 6s 1947 ser C —M&N (Hoboken, N J) 5s 1938--A&O 98 % 1st & ref 5s 1954 ser D _ J&D _ North Jer St B y— See P S Corp Conv deb 6%s 1938_____M&S North Shore Electric Co— Pennsylvania Edison Co— 1st & ref g 5s ’40 op ’20_ A&O _ 99 10 0 1st M 5s 1946 ser A ______ A&O North Shore Gas Co o f Illinois— 1st M 6s 1946__________ M&N 1st gold 5s 1937 o p t..........F& A — Pennsylvania Electric Corp— No Texas Gas 6s 1926-32--.A & 0 98" Deb g 6% s 1954________ A&O North Calif Pow 5s 1932--.J & D 10 0 % lO l" Deb s f 6s B & cons s f 5s ’48 op ’ 1 5 --J&D 1 0 0 % 1 0 0 % Pennsylvania1955__________ A&O Ltg 5s 1940___J&J North Ind Gas & El 6s ’5 2 .-M&N 103 104 Pennsylvania-Ohio Pow & Lt— 1st ref 5s 1929___________ A&O 99% 10 0 % 1st & ref 5%s ’54 ser A _ J&J _ Northern N Y Utilities, Inc— Deb g 6s 1939____________J&J 1st M & ref 5s 1963______ J&J 99 10 0 Penn-Ohio Edison 6%s ’27 J&J 1st lien & ref 7s 1946 A ..M & N 1 1 0 114 Young-Sh B y & L 5s ’31-.J& J 1st Hen & ref 6s 1947 B -.M & N 10 2 % 104% Pennsylvania Power & Light— 1st 1 & ref 6s 1943 C ____M&N 10 2 104% 1st & ref 7s ser A 1951_ F&A _ 1st 1 & ref 5% s ser D ’4 9 --J&D 98% 10 0 1st & ref 5s 1952 ser B _ A&O _ Watertown L & P 5s 1959-J&J 99 10 0 % 1st & ref 6s 1953 ser C .-.M & S Northern Ohio Power— 1st & ref 5s ser D 1953_ M&S _ 10-yr 7s 1935__ 91% — Pennsylvania Util 6% notes 1926 Northern Ohio Trac & Light.— Penn Water & Power s f 5s ’40J&J 1st consol gold 5s 1933____J&J 95 96 1st ref 5% s 1953 ser A _ A&O _ 1st consol gold 4s 1933____J&J 85 87 Pensacola El Co 1st 5s ’3 1 --F&A 1st lien & ref 5s 1956_____F&A 85 87 People’s G L & Coke, Chicago— Secured 6s 1926_________ J&D 98% 99% 1st cons g 6s 1943_______ A&O Gen & ref 6s 1947 ser A ..M & S 95% 96 Befunding gold 5s 1947--M &S North Ont L & P 6s Apr ’31-J&J 99 10 0 Chic G L & C 1st 5s 1937--J&J Northern States Power Co— Consum Gas 1st g 5s ’3 6 --J&D 1st & ref 5s 1941________ A&O 98% 98% Ind Nat G&O g 5s ’36 gu.M&N 1st & ref 6s 1941 ser B _ A&O _ 104% 105% Mutual Fuel Gas g 5s ’47 M&N Conv 6% s 1933_________ M&N 119 119% People’s Traction— See Phila B T 6 % % gold notes 1933---M & N 104:% 105 Peoria Bloom & Champ Trac— 1st lien 6s 1948 ser A ____M&N 103 104 1st gold guar 5s 1936____M&N Nor States Pow o f Wis— See Wis- Minn L & P Peoria B y 5s 1926_________ F&A Northern Texas Electric Co— Peoria W W Co pr 1 5s ’4 8 --M&N CoU tr s f g 5s 1940 op t_ J&J _ 81 83 1st con 4s 1948_________ M&N Northern Texas Traction Co— 1st con 5s 1948_________ M&N 1st g 5s 1933 opt 1913___ J&J 95 96 Deb 4s 1 9 5 0 .-........... ...M & N Nor Westch Ltg 5s 1955____J&D Philadelphia Company— Northwestern Electric Co— _ 1st coll trust g 5s 1949_ M&S 1st gold 6s 1935________ M&N 101 102% Cons M coll tr g 5s 1951-M&N Northwestern Elevated (Chic)— Stamped___________________ 1st mtge 5s 1941 o p t_____M&S 80 81 1st ref & coll tr 6s ’44 ser A F&A Union El (Loop)5s g ’4 5 --A & 0 75% 76% Conv deb 5% s 1938_____M&S Northwest Gas L & Coke (Chic) Alleg BeUe & Per 5s 1935. A&O Cons g 5s Dec 1 1928____Q-M Ardmore Street 5s 1958--A&O Cicero Gas gen & ref 5s ’32 -J&J 99 100 Central Trac 1st 5s 1929--J&J Northw Teleg— See W U Teleg Citizens’ Trac 1st 5s '2 7 --A&O Norwich(Ct)Gas & E g 5s’27-J&J Duquesne Light 6s 1949--J&J Nova Scotia Tr & Pow 5s 1946_ _ 84 85 1st & coll tr 5% s '49 B-J&J Ogden Gas 5s 1945________ M&N 98 99 Duquesne Trac 1st 5s '3 0 --J&J Ohio & Nor Gas 7s 1 9 2 5 ---M &N Fed St & P V 5s M ay 1 ’42-J&J Ohio Pow 1st 7s 1951 ser A ..J & J 106% 107' Ft Pitt Trac 1st 5s 1935--J&D _ 1st & ref 5s 1952 ser B _ J&J 95% 96 M illv Et & Sh 5s 19 23---M&N 1st & ref 6s 1953________ M&S 103% 104% M onong St By 5s g 1928. J&D Deb g 6s 2024____________J&D 94 % 95% Wilk & E Pit 1st g 5s ’29-M &S Ohio PubUc Service Co—• M orn’side El St B y 5s ’33 A&O 1st M & ref 7 %s ’46 ser A_A&O 112% 114 Mount Washington St By— 1st & ref 7s ’47 ser B _____ F&A 1st & coll tr gu 5s 1933-A&0 1st & ref 5s '54 ser D ____ M&S 92% 92% Pitts Alleg & M gen 5s ’30 A&O Ohio Biver Edison Co—■ Pitts & Bir Tr 5s g 1929-M&N 1st m s f 6s 1948_________ J&J 103% 103% B K & A Trac 6s 1931-.M &S Ohio Service 1st 6s 1937---M & N 10 0 % 10 1% Brownsv Ave 5s 1926--F&A Ohio State Telephone— W Liberty 1st g 5s '3 0 --J&J Cons & ref s r 4s-5s 1944--J&J 99% 1 0 1 Pitts & Charleroi 5s '3 2 --M&N Ohio Water 6s June 1933________ 98 10 0 Pittsb Bys 5s 1953______ A&O Oklahoma Gas & Electric— Pitts Trac 1st 5s 1927_ A&O _ 1st & ref 7% s 1941______ F&A 107% So Trac 1st & coll tr g 5s '50 A&O 1st M 5s 1950..................... M&S 95 96" 2d Ave Tr 1st 5s 1934____J&D Debenture gold 6s 1940_ M&S _ 98% 98% Gold 5s July 1933______ J&J Oklahoma B y 1st & ref 5s ’41 - J&J 55 50 United Trac 5s 1997 ctfs__J&J Omaha & Council Bluffs St B y— West End Trac con 5s '38- J&J 1st consol g 5s 1928_______ J&J 81% 83 Phila Elect 1st 5s 1966_____A&O Omaha & Coun Bluffs B y & Br 1st M 4s 1966..................A & O 1st cons g 5s Jan 1 1928_ J&J _ 91% 93 1st lien & ref 6s 1941_____J&D Ontario Pow 5s ’43 op to ’ 13-F&A 1 0 0 % 10 0 % 1st & ref 5% s 1947______J&D Ontario Transmission Co Ltd— 1st lien & ref 5% s 1953-.M &N 1st gu g 5s ’45 op b e f ’ 16--M&N 99% — First Hen & ref 5s 1960_ J&J _ Orange & Pas Val By— See P S Corp Phila & Garretsford St By— Oregon Elec B y 5s ’33 opt--M & N 66 6 6 % 1st 5s 1955______________F&A Ottawa Elec 1st g 5s 1933_ J&D _ Philadelphia Bapid Transit-rPacific Coast Pow 5s 1940-M&S 99" 16 1" Coll tr g 5s 1957 opt s f_.F & A Pacific Elec B y g 5s 1942___J&J 91% 91% S f guar 5s ’62 opt ’ 17____M&S Los Angeles Pacific Co— Eq tr 5H s ’25-’33 (s-a)-_F&A 1st ref g 4s 1950 opt ’ 15--J& J 81% 82 Eq 5%s ’25-’34 (yr)__J&D 15 L A-Pac B B con 5s ’31-A&O 95% Darby Media & Ches St By L A Pa E B Cal 5s ’4 3 --M&S 85% 85% 1st 4%s '36 opt ’ 16 gu.-J& J Los Ang & Pas 5s g 1928--J&J 97 Market Street Elev Pass B y Pasadena & M t L 4s '5 0 --J&D 88 90 1st g gu 4s 1955_______ M&N Pacific Gas & El ref 5s '42_ J&J _ 98% 98% Union Traction— 1st & ref 7s 1940 series A ..J & D 109% 1 1 0 % Elec & Peo 4s tr ctfs '45-A&O 1st & ref M 6s 1941 ser B.J& D 105% 106% People’s Traction Co— 1st & ref 5% s 1952 ser C-T&D 1 0 1 % 1 0 1 % P P B y tr ctfs 4s ’43 -F&A 1st & ref 5s 1955 ser D _ J&D _ — 95% W Phila Pass 2d 5s ’26-M&N Pacific Gas & Elec (Arizona)— Philadelphia Suburban Gas & Elec 1st M 6s Jan 1931_______ J&J 1st M & ref g 5s ’60 op T5 F&A Pacific Gas Imp 4s Sept ’30-Q-M Gen M 6s 1969__________ J&D Pacific Light & Power Corp— 1st consol 6s 1943_______ J&D 1st & ref s f g 5s 1951 op..M & S 99% 1 0 0 % Phila & W Ches Tr 4s 1954--J&J Pac L & P Co 1st 5s '42_ J&J _ 98 99 Phila & West By 5s 1960___ J&J Guaranteed________________ Pine Bluff Co 5s 1942______J&J Pacific Lighting Corp— 1st 6s 1942-......................-.J& J Secured g 6s 1940_______ F&A 1 0 1 % Pitts Alleg & Man— See Phila Co Pacific Pow & L 1st 5s ’3 0 --F&A l 6 6 " Pitts & Birin Tr— See Phila Co 99% 1st lien & gen M 8s 1930--F&A Pitts & Charleroi— See Phila Co Pacific Teleph & Telegraph P M cK & Con— See W Penn Bys ist & col tr s f g 5s 1937--J&J 2 1 0 1 % 1 0 1 % Pittsburgh Trac— See Phila Co B ef M 5s 1952 series A _ M&N _ 98% 99 Pittsburgh Bys— Sfee Phila Co Parr Shoals Pow 5s 1952_ A&O _ 95 93 Pontiac Light 1st 5s 1927--J&J Pasa & M t Lowe— See Pac El By Portland (Me) El 5s '26 opt F&A Paterson B y— See Pub Serv Corp Portland (Ore) Elec Power Co— 1st 1 & ref 6s 1947 ser B --M & N Portland (Ore) Gas & Coke— 1st & ref g 5s '40 opt ’2 0 --J&J 1st general 7s 1940_______ J&J Portland Gas 1st 5s 1951-F&A Bid. Asfc. 100% 93 93 95 104 105 B onds. — 99% 104 96 101 105 104 93% 102 97 102 105 94% 104 99 93% 99% Power Secur coll tr 6 s '49. 100 Prov Secur— See Steam B B ’s— 94% PubUc Service Co o f Colorado— — 99 98% 101 97 99% 99% PubUc Service Co of Nor HI— 102 1st & ref g 5s 1956 op '21--A 5 98 106 % 97% 105 97% 100 100% 102 88 107 98 110 99 101 100% 97% PubUc Service Corp of N J— Trust certs 6 % perpet_ M _ Gen g 5s Oct 1 1959 op — A Certificates of deposit_ _ — 80 87% 76 99 108 96 99% — " 99 105% 107 92 / 82 99% 99 94% 107% 95 84 10 0 10 1 % 95% 10 1 96% % 10 2 99 10 0 10 0 104% 1.03 99% 73" 97% % 10 1 104% 105 99% 75" 68 99% 100% 92 — r r 10 0 98 — 93 101 __ 66 90% 98% 106% 95% 90% 99% 99 100% 104% Porto Bico Bys, Ltd- Ask. 62 75 Portland B y Lt & Power— 1st & ref s f 5s 1942 op__ Newark Pass con 5s ’30-. Newark Term B y 5s ’5 5 --J&D 75 57 8 3 ,. 97% 93 59 85 97% 10 0 87 ____ 92% 63 73 30 94% 66 80 — 103 97% 97% 104 % 99% 77 60 80 85 106 105% 81 70 73 73 80 78 80 83 77 81 85 80 70 73 78 83 60 70 80 60 75 103 84 107% 106 % 106% 100% 83 85% 91 100 99% 97% 97% 105 99% 82 65 85 90 106% 105% 85 75 77 — 86 94 90 75 77 85 75 85 63 80 103% 107% 161% 85 86% 93 — 82% 83% 85 86 61% 62 64 99% 65% 99 103 103% 75 95 94 101 100 104 101% 96 96 103 99% 99 % 100% 98% 99% 96% 98 Nor Jer St B y 4s 1948--M&N 83 Or & Pass Val 1st 5s '3 8 --J&D 68 Paterson B y— Con 6sg’31_J&D 90 2d 6s T4 ext 5% to ’44-A & 0 60 Biverside Trac 5s I96 0--J&D 70 So Jersey Gas El & Trac— Guar g 5s Mar 1 1953--M&S 97% PubUc Service Elec Pow Co— 1st M s f 6s 1948................ A&O 106 PubUc Service Elec & Gas Co— 1st & ref 5% s 1959_______ A&O 105 104% 1st & ref 5 % s 1964.............A&O Public UtiUties EvansviUe— 1st & ref 6s 1929-------------- J&J 1 0 0 Puget Sound Power Co— 1st g gu 5s 1933 opt------- J&D 99% Puget Sound Power & Light— 10 0 1st & ref 5%s 1949---------J&D Puget Sound Electric By— 1st consol g 5s ’32 op .-F & A 89 Tacoma By & P 5s ’29-A& 0 98% Quebec Power Co— _ 1st M s f 6s 1953 ser A.A & O / 1 0 1 Quebec B y Lt H & Pow— Cons g 5s 1939 op t----------- J&D r 94% 98% Queens Bor Gas & El 5s '52-J&J B ef 6s 1953______________M&S 104% Quincy (IU) Gas Elec & Heat— 1st cons g 5s 1935 op '10.M &S Quincy G & E 5s 1929— M&S 89“ Quincy (111) B y 5s 1932— F&A Bacine (Wis) Water 5s ’31-M &N 93 93 Bail way & Light Sec 5s var------Bap Tr St By— See Pub Ser Corp 99 Beading Trac 6s 1933----------- J&J Bed Wing G L & P— See Wis-Min n L & P Bhinelander Light & Power Co— 1st g 6s 1936--------J&J 1 0 0 Bhode Island Sub 4s 1950--J&J Bichmond (S I) Lt & BB— 77 1st coll tr g 4s 1952----------- J&J Bio de Janeiro Tram Lt & P— 88 1st g 5s 1935------------------- J&J Biverside Trac— See Pub Ser Corp 99% Boanoke G L 5s 1927--------- A&O 95 Boanoke By & El 5s 1953.-F&A 90% Boanoke Tr & Lt 5s 1958--F&A 97% Boanoke W W 1st 6s 1936--J&J 89% Gen g 6s 1934------------------M&S Bochester Gas & Elec Corp-— Gen M 7s 1946 series B ..M & S 1 1 0 % Gen M 5%s 1948 series C-M &S 104% Boch B y & Lt 5s ’54 op t------J&J 1 0 0 Tax exempt__________ - — - - - 96% Boch B y cons 5s g 1930.-A&O 88 2d 5s g 1933................... J&D Bochester & Syracuse RE— 43 1st M conv 5s 1957------- M&N 99 Boch Telep gen 5s 1933— A&O 1st & ref 6s 1946-------------- A&O 105 Bockford (111) Electric Co— 1st & ref s f 5s ’39 op ’ 14-M&S 1 0 0 Borne (Ga) By & L 5s '4 6 --A & 0 Borne (N Y) Gas, Elec Lt & P _ 97 1st 5s 1931______ J&D 96 1st ref 5s 1946--------------- - - - - - Bumford Falls Pow 4s 1945-A&0 85 Gen M 4% s Dec 1929---J&D 94 Butland By Lt & P 1st 5s’46-M&S P 85 Sacramento Elec Gas & By— Cons 5s Nov 1 1927------- M&N 1 0 0 % & Lt 1 st cons guar 5s 1959____M&S t Joseph Gas— 1st 5s 1937. _J&J t Joseph B y, Lt Heat & Power— 1st g 5s N ov 1 1937------- M&N t Louis B B — See Un Bys (St L) t Louis Springf & Peoria B B — 1st & ref gu g 5s '39 opt-.J& D St Louis & Springf 5s '33-J&D 1st M 6 85 — — 106% 104% 10 1 10 0 % 10 0 % 10 0 10 1 % l66 105% 90% 95 — 10 1 — 79 89 10 0 99 91% 98% 91 105% % 10 0 98" 91 47 10 0 105% — 99 ' 98 90 97 10 0 % 93% 90% 94% 91 91% 92 % 87% %s 1953_________ F&A r 106% 107% bBs . /T is pic inlu e acud in r s, kL s s le II Ln o , nNm a rCnd npic , sSle pic ais h r e c ds c r e teet at a . n o d n o in l, a a ia r e a r e Bid. 8 6 40 PUBLIC UTILITY BONDS [V ol. 120. N T E A b n p ic s a e “a d In r st” e c p w e e mr e “f” a d in o e a d d fa lte b n s. O IC .— ll o d r e r n te e x e t h r a k d n cm n e u d o d B onds. Bid. Ask. St Paul C ity B y— See Twin City R T St Paul Gas Light— Gen gold 5s 1944...........—M&S 99 k 100 Gen & ref 5 k s 1954 ser B_J&D 99 X 100 k Gen & ref 6s 1952. - _ .J&J 103 104 Salisbury & Spencer— See No Car o P u b S erv Salmon R iv Pow gu 5s '52 op F&A 100 k 101k Salt Lake Term 6s 1935- - J&D 93 Salt River Val Water Users Assn 6s 1938__________________ F&A 99 102 k San Antonio G & E 5s 1949-M & S 97 k San Antonio Public Service— _ 1st ref 6s 1952 series A _ J&J 102 102 k San Diego Consol Gas & Elec— 1st g 5s 1939 opt 1914— M&S 100 1st & ref 6s 1939 ser A__M&S 102 X 1st & ref 5s 1947 ser B ..M & S 91 94 1st & ref 6s 1947 ser C _ M&S 102 X _ Sand Frein & So R y— See Lake Sh El Ry San Fran G & E 4 k s 1933--M &N 97 k N ot callable ________ __ 96 k San Joaquin Lt & Power Corp— 1st & ref g 6s ’50 ser A --F & A 103k 103 k Series B . ______ __ _ _ 102k -Series C __________ __ 103k Unif & ref 7s 1951_______ M&S 107k Unif & ref 6s 1952 ser B._M&S 102k Unif & ref 6s M ay 1 '54 E-M &S San Joaquin Light & Power— 1st 5s 1945 opt aft '1 0 --J&D 100 X Santiago (Cuba) Elec Lt & Tr— 1st g 6s 1959 ont 1919___ J&J 94 97 Sao Paulo Tram, Lt & Pr, Ltd— 1st g 5s June 1 1929-J&D r 9 2 k Savannah Elec & Power Co— 1st & ref 7 k s 1942 ser A.A & O 106 Savannah Elec Co 5s g ’52-J&J 95 92 X Saxon Public Works, Inc— 1st M sink fund 7s 1945--F&A 92 92 k Sayre (Pa) Elec 5s 1947___ A&O 95 93k Schenectady Railway Co— 1st M 5s 1946 opt 1919— M&S 66 68 Schuylk Trac— 1st 5s 1943--A&O Scranton Elec 5s '37 opt ’ 12-J&J 100 101 8% gold bonds Jan ’3 1 --A&O 80 Scranton R y— 1st 5s N ov '32-J&J 81k 1st & ref 5s 1947--F&A 78 79 k Scran Trac 1st 6s g ’3 2 --M &N 93 95 k Scran & Wilkes-Barre Tr Corp— Coll trust 6s 1934________ A&O 78 1st & ref 5s 1 9 5 1 ...............F&A 80 Seattle Elec 1st g 5s '30 opt_F&A 100 Con & refg s f 5s 1929____F&A 99 k Seattle-Everett Traction— 92 1st M g 5s 1939 opt 1914--M&S 94 Seattle Ltg 1st 5s ’44 opt ’ 10-M&S 97 X R ef g 5s 1949 opt 1914 —A&O 91 93 Gen Mtge 7s 1929 ------J&J 100 101 Second Ave— See N Y R y s _____ Second Ave Trac— See Phila Co— Seneca Pow Corp 6s 1946--M &S Shawinigan Water & Power— 1st cons s f 5s 1934 _ J&J 101 1st ref 5 k s Jan 1 1950_ J&D _ 103k 1st ref 6s 1950____ J&J 106 106 k Sheboygan Elec— See East Wis El ec Co Shrevep Rys— 1st 5s ’25-’44-J&J Sierra & San Francisco Power— 1st g 5s 1949 o p t -----------F&A 95 X 96 2d M 6s 1949 series A __ J&J 92 93 k 2d M 5s 1949 series B _- J&J 79 X 80 k Somerset Un & Middlesex Ltg— 82 M tge g 4s Dec 1 1943____J&D So Bend & Mishawaka Gas— Cons g 5s 1926 opt 1908_ J&J _ 100 99 X So Car Gas & El 6s ’42_ M&S15 91 93 86 Conv 6s Dec 15 ’32 -J&D15 87 South Cov & Cin St Ry— See Cin New & Cov Ry South Ferry— See N Y Rys— South Jer G E & T — See Pub Serv Corp South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A J&J 91 93 Southern Bell Telep & Teleg— 1st s f g 5s 1941 opt 1916- - J&J 101X 101k Sou B ’vard— See Third Ave R y— Southern California Edison— Gen g 5s N ov 1939 opt J&J 100 Gen & ref g 6s 1944 F&A 104k 105 103K 103k Refund 6s 1943 ______ A&O Gen & ref 5s 1944 _F&A 96 Southern Cal Gas 6s 1950 -M&N 104 104k 1st & ref 6s 1958 series C . . J&D 100 101 1st & ref 7s 1951 series A - M&S Southern Calif Telephone— 1st M 5s 1947............................... 99 97k Southern Canada Pr Co Ltd— 1st & ref 6s 1948 - M&S r 103 Southern Colorado Power Co— 1st g 6s 1947 series A . _J&J 99 98k Southern Counties Gas Co o f Calif 1st g 5 k s M ay 1936 ___M&N 99 k Southern Illinois Lt & Power— 1st M 6s 1931 o p t___ .J&J 101k 103 Southern Indiana Gas & Elec— Deb 7s 1934____- - - - - J&J 99 k 100k South N E Telep 1st 5s ’48 J&D 105 k Southern Pow 5s 1930 opt--M &S 100 101 Southern Sierras Power— 1st s f gu 6s Sept '36 op '18. J&J 102 k 103 k Southern Trac— See Phila Co— Southern Utilities 6s 1933- A&O 101k 102k Southern Wisconsin Elec Co— 100 1st g 6s 1936____________ J & T 98 k 91 93 Southern Wise Pow 5s '38- A&O Southwestern Bell Telep— 1st & ref M 5s 1954 ser A F&A 101 101k Southwest G & E 5s 1932--F&A 97 k 98 k 95 Gen M 6s 1957................._M&N 96 k Southwest Power Co— 99 102 1st M 6 k s 1944 series A-M&N Southwestern Power & Light— 1st lien 5s 1943................... J&D 96 k 97 k 94 95 Deb g 6s 2022 series A - -M&S 97 1st 1 & col 6s 1957 ser A ..M & S 99 k S W Missouri RR 5s 1931--M&S ____ S W M o El Ry ref 5s '23 - -M&S ____ Spring Br’k Water— 5s g ’26-A & 0 100 99 100 1st ref 5s 1965 - - - - - - A&O Spring Vai Wat 1st 5s ’4 3 --M&N 98 k 98 k B onds. Bid. Ask. B onds. Bid. Ask. United Elec Rys (Providence)— Springfield (O) Lt, Ht & Power— 62 68 Prior lien M 4s Jan 1946 ser B . 1st s f g 5s 1929_________ F&A 99 k 55 60 Gen ref M 5s Jan 1951 ser A _ _ 100 General & ref 5s 1933_ A&O _ 99 k 50 Gen ref M 4s Jan. 1951 ser B__ 45 Springfield & N E Tr— United Electric Securities Co— 1st 5s 1936. - - ______ J&D 84 k Coll tr g 5s 1933 to 1955--F&A !>5.45% 5.25%. Springfield (M o) R y & Lt Co— 1st s f g 5s 1926 o p t . _ M&N _ 100 k United Fuel Gas 6s 1936___ J&J 101k 99 k ___ ____ ____ ____ 7 k s Aug 15 1931_____F&A15 Springfield (O) R y 1st 5s '35 M&S 102 United G & E Corp 6s ’4 5 --A&O 100 1st M 5s 1925-1935- — M&S United Gas & El (S F) 5s ’32.J&J 100 k Standard Gas & Elec of Delaware United Ilium Co New Haven—• 131 Conv deb 6 k s 1933_____M&S 129k 93 k 1st 4s Feb 1 1940________ F&A 91k 101 6% g notes 1935_____ -A&O 99k United Light & Power Co— 139 Conv g deb 6 k s 1954------J&J 138 98 96 k Deb g 6 k s 1 9 7 4 --.............M&N Staten Island Edison Corp— 99 100 5 k % g notes 1928______ M&S 107 R ef & impt 6 k s '53 ser A.J& J 105 97 98 United Lt & Rys 1st 5s ’3 2 . . J&D Steinway Ry— See N Y & Queens Co R y Conv deb 6s 1926_______ M&N 100 k 101k Suburban Gas Co of Philadelphia 101 1st 1 & cons M 6s ’52 ser A.A& O 100 ____ 1st s f g 5s Apr 1 ’52 op ’07 A&O 100 United Power & Tran— Superior Water, Light & Power— _ ___ 40 Del Co & Phi tr ctfs 4s '49-J&J ____ 93 1st 4s M ay 1931________ M&N 64 66 United Rys tr ctfs 4s ’49--J& J ____ 94 R ef 5s 1929- ____M&S 85 90 ____ United Pub Util 6s 1943------J&J Syracuse Gas g 5s 1946J&J 98 k Unit Rys & Elec (Baltimore)— Syracuse Lake Shore & North— 70 69 k _ 1st consol g 4s 1949 _ M&S 32 1st M g 5s ’47 opt ’ 17 -M&N 95 k 1st con M 6s 1949_______ M&S 95 k 100k Syracuse Lighting 5s g 1951-J&D 100k Income g 4s 1949 op ’2 9 --J&D 50 k 89 Syrac Rap Tr 1st g 5s 1946 M&S 87 k _ _ _ 70 k Inc funding g 5s 1936____J&D 90 2d mtge g 5s 1930 _ _ J&J 88 k 99 6% gold notes 1 9 2 7 - ------F&A 98 k Tacoma R y & P— See Puget Soun d Elec Balt Sparrows Pt & Ches— ___ ____ Tacoma Wat Sup 1st 5s '25 J&J 87 1st g gu 4 k s 1953------F&A 85 k Tampa Electric Co— 99 100 Balt Tr Co 1st M 5s '29.M &N ____ 99 1st M g 5s 1933 s f o p .. J&D 100 No Balt Div 1st 5s ’42 -J&D 99 k — 90 Tampa Gas 5s 1937 o p t .. M&N ____ 99 Cent R y con M g 5s 1932-M&N Tennessee Electric Power— _ _ _ 99 Ext & imp 5s 1932____M&S 103 k 1st & ref 6s 1947 ser A . -J&D 103 k 99 Lake Ro El 1st 5s ’42-M &S 94 95 k Tenn Pow gu 5s 1962 opt-.M & N United Railways o f Havana— ____ ____ Tenn Water 1st 5s 1946 M&S Eq 7 k s Feb 15 ’36___ F&A 15 109k 110 Terre Haute Indianap & East— Unit Rys (Phila)— See Unit P & T 58 53 1st & ref s f g 5s ’45 op t. A&O United Rys o f St Louis— Terre Haute Trac & Light— 101 100k _ 6% receivers ctfs 1926_ A&O ____ 86 1st con M g 5s 1944. . M&N 69 k 69 k Gen g 4s July 1 1934 - - J&J 99 k Terre Haute El 5s 1929.. J&J ____ Gen g 5s Apr 1 1923 gu.-A & O / 77 Terre Haute W W Corp— ____ St Louis Trans Co 5s ’ 24- - A&O f 7 0 k — ____ 1st M 6s 1949 ser A ___ J&D United Rys Investment Co— — 97 k Texarkana G & E 5s 1930- .J&J 100 1st lien coll tr s f g 5s '2 6 --M&N 99 k 86 84 Tex Elec Ry deb 6s 1942 _ J&J _ 100 Stamped_______ ______ _____ 99 k 81 79 1st & ref 5s 1947 ________ J&J United Traction (Albany)— 93 92 Tex Trac 1st 5s ’37 opt_ J&J _ 44 46 Con g 4 k s 2004________ J&D 99 k 98 k Texas Pow & Lt 1st 5s ’37 J&D ____ 74 Albany R y con M 5s g ’30-J&J 95 94 Deb g 6s 2022 ser A . ..J & J 55 58 Gen g 5s 1947_ _ - ..J & D 102 99 Texas Public Service 6s ’33- J&J ____ 54 Troy City Ry 5s g 1942--A&O Third Avenue R y (New York)— 55 k Unit Tr (Pittsb)— See Phila Co 55 k 1st ref g 4s 1960 opt aft ’14 J&J ____ ____ 6s ’43 op 3 9 k United Util 1st1st 6s ’27- '18-J&J Adj inc g 5s Jan i960 opt.A&O f ___ U — -F&A 94 95 k U S Pub Serv 1st 7s 1921 ext to 102 k Third Ave RR 1st 5s g ’37 J&J S Telephone D ry Dock E Bway & Battery ___ ____ 1941_____________________J&D 78 81 1st 5s gold 1932 ____J&D Urbana & Cham R y G & E— ____ 10 New ref M ser C income . _ _ 5s 1929_______________________ 42d St M & St N 1st 6s 1920 ext 92 93 Utah Gas & Coke 1st 5s ’36_J&J ____ 80 at 5% to 1940-. _____M&S 94 95 & P cons g ’3 0 --J&J 72 k Utah1 L t 1930______ 4s _____ J&J 65 Sou Boulevard g 5s 1945 -J&J 99 100 k P 5s 82 85 Union Ry 1st 5s g 1942.-F&A Utah Light & Traction— 70 67 Westchester El 1st 5s g ’43 J&J 1st & ref 5s 1944 series A .A & O 90 k 91k 69 72 Yonkers R y 1st 5s 1946 A&O 98k Utah P & L 1st 5s 1944___ F&A 98k Thirty-fourth St Crosstown— See NYRys 94 95 Deb 6s M ay 1 2022_____M&N Toho Electric Power (Japan)— 102 1st 1 & gen M 6s 1944___ F&A 103 k 91 90k 1st s f 7s 1955 ser A __M&S15 Utica El & P 1st 5s 1950 --J& J 100 Toledo Bowl Green & Southern 101 El ref & ext 5s 100k ____ ____ Utica G5& s 1949________’57-J&J 100k 1st M 6s 1941-. . M&N 10 1k Gen k J&D15 110 Toledo Edison 1st 7s 1941--M&S 109 k Utica & Mohawk Valley R y — 99 100 1st M 5s 1947__________ M&S 76 78 1st g 4 k s 1941__________ M&S Sh El Ry Tol Ffem & Nor St Ry— See Lake 85 95 Utica Belt L 1st g 5s '3 9 .-M &N 100 99 Tol G E & H con 1st g 5s ’35 A&O ____ ____ Valley Counties Pow 5s ’30-M&N 75 70 Tol & Indiana 1st 5s 1931- -J&J Vermont Hydro-Elec Corp— Toledo Traction Light & Power— 101 1st M 6s 1929. - _____A&O 99 k 100k Vermont Pow & Ltg 5s '27 M&S 6% notes 1925- . . . F&A 100 k 100 97 — Tol & West Ry 1st g 5s ’26. J&J / — 96 93 Vicksburg L & Tr 1st 5s ’3 2 .-J&J — Unstamped ______ _______ / ==— ____ 99 1st M 7s 1932_____________J&J 99 98 Topeka Edison 5s Sept 1930-J&J 94 92 Debenture 6s 1930 . . - M&S — 94 Topeka R y 5s 1930 opt 1915-J&J 97 Virginian Pow 1st 5s 1942--J&D 95 k 94 k Virginia R y & Power— 92 k Topeka R y & L 1st 5s 1933-F&A 99 ____ Trenton G & El g 5s 1949--M&S 98 98 k 1st & ref g 5s 1 9 3 4 - - ____J&J — 50 Trenton St R y con g 5s ’38- J&J 99 N orf & Atl Term 5s '29 M&S ____ 80 Trenton Pass 6s Sept 30 ’31-A&O 97 k N orf & Ports Tr 5s '36 --J& D 97 Tri-City R y & Light— Wash Alexandria & M t Vernon— 99 98 k 1st & ref g 5s 1930 opt ..J & J 15 1st g 5s 1955 opt__ _ M&S _ Tri-State Telep & Teleg— 20 Certificates ___ ______ 10 104k Washington Balt & Ann El— 5 k s 1942_______________M&N 102 k Troy City Ry— See Un Tr (Alb) ___ 64 1st M 5s Mar 1941 op .M&S 103 102 Troy Gas 2d 6s ’23 ext to ’33 F&A Wash’n (D C) G L 5s I96 0--M &N 100 98 100 Consol 5s 1939. - _ M&N _ 103 k 6s M 1933 series A . _____A&O 103 k 28th & 29th Sts— See 3d Ave Ry Wash Ry & El g 4s 1951 ..J& D 7Jk 78k 23d Street Ry— See N Y Rys 102k Gen & ref 6s 1933______M&N 1 0 1k Twin City Rapid Transit Co— ____ Anacost & Pot 5s 1949-- A&O 91k — ____ St Paul City 1st g 6s 1932 A&O 102 Guaranteed___ _____ 91k ____ 1st cons 6s g 1934 A&O 102 ____ 85 City & Sub 5s g 1948____F&A 95 96 k Washington Water Power Co— Cable con 5s 1937 J&J15 ____ Minn St & St Paul City— Consol & coll tr g 5s 1929..J&J 100 k 97 98 ____ Cons guar g 5s 1928 -A&O 1st ref 5s 1939 op_ . . ..J & J 100k 100 99 k Twin City Telep 5s ’25-’26--J& J Waterloo Ced Falls & No R y—• Twin States Gas & Electric— 17 1st M s f g 5s 1940 op '1 5 --J&J / 13 93 94 1st & ref 5s Oct 1953-- A&O 17 Certificates o f deposit . 100 k Watert’n L&P— See No N Y Util / 13 99 k 1st & ref 4 k s 1926A&O Tyrol Hydro-Elec Pow Co— Westchester Elec— See 3d A v R y 96 k Westchester Lt 1st g 5s ’ 5 0 --J&D 101k ___ 96 k 1st M s f 7 k s 1955 - ____ Uiigawa Elec Power (Japan)— _ _ _ N Y Sub Gas— 1st g 5 s ’49 M&S 93 91 1st M s f 7s 1945 - -M&S 15 West Chester (Pa) St R y— Underground Elec Ry of London 74 78 1st g 5s Aug 7 1932______F&A ____ West End St R y— See Boston El 91k 4 k s Jan 1 1933.. . . . J&J ____ West Liberty St R y— See Phila Co / 89k Income 6s Jan 1 1948Union Depot— See United Rys St Louis West Penn Co deb 6s '2 5 -J&D 15 Union Elec Lt & Power of Illinois West Penn Power— 102 k 1st M 5 k s 1954 ser A ____J&J 101k 99 1st M 5s '46 op '21 ser A.M &S 98k Union El Lt & Pow Co of St L— 99 1st M 5s 1963 series E ____M&S 98k 101k 1st g 5s Sept 1 1932. M&S 101k 1st M 5s 1953 series F _ A&O _ 104 k 101 R ef & ext 5s '33 op aft ’ 18 M&N lOOk 1st M 6s 1958 series O_ J&D _ 105 k 106 k 103 34 1st M 5 k s 1954 series A__ J&J 103 k 1st M 7s 1946 series D ___ M&S 106k 106k Union Elev R R — See N W Elev West Penn Railways Co— Union Ry— See Third Ave Ry 99 1st g 5s Jan 1 1931______ A&O 98 k Union R y Gas & Elec Co (111)— Deb g 6 k s 1927............. .A&O 99 100 Coll tr g 5s 1939 conv op .-J& J Pitts M cKees & Connells RR Union Trac Co of Indiana— 1st cons 5s Jan 1 ’31_ J&J s 98 s 98k. _ 23 k 28 k West Penn Tr 1st 5s I96 0--J&D 1st 5s ’ 19 ext at 6% to '22.J&J 89 89 k 24 27 Indianap North 5s 1932..J&J W Phila Pass R y— See Phila R T 5 15 Mun & Un City 5s 1936--J&J United Elec Lt & Power Balt— ____ 98 k 1st cons g 4 k s 1929- - - M&N 86 k Unit Elec Co of N J 4s ’4 9 --J&D 87 k aPr hs ra op y acudd idn . 6Bs , dPic prs ae n tprc n /T is pic inlu e acudin r s kLs s le nNm a uc ae ls a s c r e iv e d ais r e e hr , o e e t. h r e c ds c r e te et, at a , o in l. •Pr c n o pr v lu, rCnd npic , *Sle pic , xE-d id n , y E-r h , t W o t pr v lu. e e t f a a e a a ia r e a r e x iv e d x ig ts ith u a a e 41 J u n e , 1 9 2 5 .] P U B L IC U T IL IT Y B O N D S A N D S T O C K S NOTICE.— A ll bo n d prices are “ an d in terest” except where marked “ f ” an d Incom e and B onds an d Stocks. Bid. Ask. PUBLIC U T IL IT Y STO C K S. Alabama Tr, L & P, com . 79 105 112 100*4 190 93 30 40 133 Allegheny Trac— See Phila Co 140 Amer Dist Teleg (N J )_______100 101 American Elec Power pref______ American & Foreign Power— Allot ctfs for p f & com 25 % p d . 123*4 Oommon new________ (no par) d 35*4 d Preferred new_____________ (nopar)90*4 Amer Gas & El com _____ (no par) d 83 6% preferred (new)_____ (t) d 88*4 Amer Gas o f New Jersey .100 165 Amer Light & T raction.. .100 164 99 Preferred_____________ Amer Pow & Lt com _ _ -(t ) d 64*4 89 Preferred_____________ .100 d 550 Optional warrants 1931 92 85 91 79 5% partic preferred_______ 100 38*4 Amer Teleg & Cable guar____ 100 Amer Telep & Teleg_________ 100 139*4 81 108 102 200 100 35 45 143 145 102 125 35*4 90*4 84 90 166 166 101 65*4 90 560 92*4 90 93 81 40 139*4 Par. Bid. Ask. Amer Wat Wks & Elec— 63*4 Common new_____________ -20 d 63 101*4 1st preferred (7 % )------------- 100 101 Preferred (6 % )____________ 100 105*4 106 78 80 Appalachian Power---------------100 7% preferred______________ 100 100 27 25 Arizona Power_______________ 100 82 85 Preferred_________________-100 Arkansas Cent Power, $7pref (T) d 99*4 101 _ _ Arkansas Light & Pow com — 100 100 99 96 Preferred__________________100 7 Arkansas Natural Gas------------- 10 d 6*4 100 105 Asheville Pr & Lt $7 pref------(t 34*4 ' Assoc’d Gas & El com Cl A . . ( t d 33 54 Preferred_____________ ( par) d 52 [no 11 15 Augusta-Aiken R y & E l--------- 100 25 28 Preferred_________________ 100 Baltimore Electric pref----------- 50 d 43 91 94 Bangor R y & El common------- 100 102 99 Preferred_________________ 100 138*4 Bell Telephone (Canada)------- 100 r 138 102 Birmingham Elec $7 pref------(t) d 100 82 Blackstone Va.l Gas & E ----------- 50 d 80 102 Preferred_________________ 100 100 Bleeck St & Ful Fy— See N Y Rys 106*4 Boston Consol Gas, pref_____100 106 80 80*4 Boston Elevated R R com ____100 96 Preferred_________________ 100 1st preferred______________ 100 113*4 114 98*4 97*4 2d preferred_______________ 100 53 Brazilian Tr L & P L td______ 100 r 52*4 B ’way & 7th Av R R — See N Y Rys 9 Brookyln City R R ____________ 10 136 Brooklyn Edison C o__________100 132 47 d 4654 Bklyn-Manhat Tran v t c (no par) d 79*4 Pref tern v t c _____________ (nopar)78*4 88 Brooklyn Union Gas___ (no par) d 87*4 67 Buffalo General Electric, (no par) d 65 80 California-Ore Power com ____100 Preferred_________________ 100 102 83 80 Calif Ry & Pow prior pref____100 Camden & Sub R y— See P S Corp _ Canadian General Electric_ 100 r ____ r -----5354 95*4 95*4 Capital Trac (Wash, D C )_ 100 _ 425 Carolina Pow & Light, c o m ..100 410 Preferred_________________ 100 103*4 104*4 Central Ariz L & Pow com ____100 Preferred_________________ 100 lO O '' 106'" 96 — Cent Arkan Ry & L Corp pref. 100 Cent Crosst R R — See N Y Rys 32 37 Central Ga Power com _______ 100 107 109 Cent Hudson Gas & Elec_____100 92 93 Central Illinois Light 6% p f--100 87 _ Cent 111 Pub Serv pref_ (no par) d ___ 91 90*4 Cent Indiana Power pref_____100 Cent Pk N & E RR— See N Y Rys 90 95 Central Pow & Light 7 % pref. 100 90 95 Central States Elec Corp_____100 90 92 Preferred_________________ 100 Ches & Poto Tele o f Balt pref. 100 s 111*4 s 113*4 Chic Aur & Elg Corp v t c w i _ _ ” '*4 *4 Chic City & Con com part ctfs. (t) d d 5*4 Pref partic ctfs____________ (nopar) 5 50 55 Chicago City R y _____________ 100 12 8 Chicago Rys partic ctfs series 1__ *4 1 Series 2_______________________ 1 *4 Series 3_______________________ *4 *4 Series 4 _______________________ Chicago Rapid Transit Co— 6*4 . 7*4 _ Voting tr ctfs for com stock_ 101 99 Prior preferred_______________ 3*4 Chicago Sub Gas & Electric. .100 — 35 Preferred_________________ 100 Chris&lOth Sts R R — See N Y Rys 88*4 89*4 Cincinnati Gas & Electric____100 Cincinnati Gas Transp_______ 100 114 Cincinnati & Hamilton T r a c .. 100 — Preferred_________________ 100 7 7 "' Cine New & Cov Lt & T rac_ 100 _ 63 61*4 Preferred_________________ 100 36 Cincinnati Street R y _________ 50 d 34*4 87 Cincin & Suburb Bell Telep_ 50 d 86 _ 39*4 Cities Service com ____________20 d 38*4 82 82*4 Preferred_________________ 100 7*4 Preferred B _________________10 d 7*4 77 *4 78*4 Preferred B B ______________ 100 Cities Service Bankers shares, (t) d 19*4 41 Citizens Gas (Indianap) c o m ..25 d 40 — Preferred_________________ 100 105 Citizens’ Pass Ry— See Phila R T Citizens Traction— See Phila Co City Pass R y— See Reading Tr 35 40 City R y (Dayton, Ohio)_____100 55 60 Preferred___________ 215 104 103 Cleve Painsv & Eastern R R . 93” 93*4 Cleveland Railway_________ 87 Coast Co Gas & El 1st pref. n 60 35 96 93 Preferred_______________ 66*4 Columbia Gas & E lec____(no par) d 66*4 109*4 Preferred_________________ 100 109 Columbia (S C) R y Gas & E l . . 100 § 6 '' Preferred_________________ 100 Columbus (Ga) El & Pr com . 100 144 1st preferred______________ 100 144 103 2d preferred_______________ 100 100 80 75 Columbus Ry P & L com new 100 94 93 Preferred A _______________ 100 88 87 Preferred B _______________ 100 19 Commercial Union Teleg (gu). .25 d 17 141 140 Commonwealth-Edison C o_ 100 _ 166 Commonwealth Pr Corp. (no par) d 163 74 72 Common stock options_______ 85 83 Preferred_________________ 100 41 Coney Island & Bklyn R R _ 100 _ 109 Connecticut Ltg & Pr 7% p f--100 107 117 8% preferred______________ 100 115 220 Connecticut Power___________100 210 104 Preferred_________________ 100 102 60 58*4 Connecticut R y & Lighting_ 100 _ 61 59 Preferred_________________ 100 42 Cons Gas E L & P (Balt). (no par) d ___ 8% preferred______________100 125*4 s 112*4 7% preferred______________ 100 s 112 109*4 614 % cum pref series C ____100 109 Consolidated Gas (N Y ) See und er N Y City Cons Trac o f N J— See P S Corp s 00 West Va L H & P 6s ’2 9 - . . J&D 97*4 100 98 96*4 West Va Utilities 6s 1935.-J&J Westerly L & P 5s 1937____J&D 96*4 95*4 Western N Y Utilities 5s ’46 J&D Western Power Cor 100 99 Deb s f 614s 1954________ J&D 5*4s Western Public Service Co— _ 98 — 1st M 6s ser A 1950_____A&O Western States Gas & Electric— 98*4 1st & ref 5s 1941 op t_____J&D 100 98 1st & unif 6s ’47 ser A _ M&S _ 100 100*4 6% gold notes 1937_____A&O — Western T & T coll t? g 5s ’32 J&J 100*4 Western United Corp— 98*4 100 Coll trust 6% notes 1 9 4 0 ..J&J Western United Gas & El Co— 93 91*4 Gen M 5s 1950___________F&A 102 Gen M 6s 1950.................F& A 101 West Un Teleg coll tr 5s '38. _J&J 100*4 102 97 95*4 Fdg & R E M 414s g '50.M &N 614s Aug 1 1936________ F&A 111*4 111*4 99*4 101 M ut Un 6s ext at 5 % to’41 M&N 96*1 97 Northw’n gu g 414s 1934..J&J 92 — Whatcom Co Ry&Lt 5s ’35 M&N Wheeling (W Va) Elec Co— 99 1st M 5s 1941 op t_______ M&N Wheeling Public Service Co— 85 83 Cons 1st 6s Oct 1952______ Wheeling Trac 5s g 1931____J&J Wichita RR & Lt ref 5s '32.A&O 99*4 l 6 6 '' Wilkes-Barre G&E 5s ’55 opt J&J Wilkes-Barre & Hazleton R R — 48 1st coll tr g 5s 1951_ M&N15 f 44 _ Wilk & E Pitts St Ry— See PhilCo — 98 W ’msport Gas— 1st g 5s ’39 F&A Wilmington & Chester Traction— 95 94 Coll tr 6s ext 1933_______ A&O Wilmington (Del) Gas Co— 92 94 1st & ref s f 5s 1949______ M&S 101 1st & ref 6s 1949..............M & S 1st & ref 7s 1949.................M & S 104 Wilmington (Del) Light & P Co— 92 91*4 1st M 5s 1960____________A&O 95 94 Winnipeg El— 1st ref 5s ’35.J&J Gen M 6s 1943_________ M&S Wisconsin Elec Power Co— 97 98*4 1st M 5s 1954 ser A _____F&A Wisconsin Gas & Electric— 100 99 1st g 5s 1952 opt 1 9 1 9 ...J& D Wisconsin-Minn Light & Pow— 97 96 1st & ref 5s 1944 op T 9 .-M&N Gen & ref 7s 1947________ J&J 103 — 99*4 Red Wing G L & P 5s 1926____ Wisconsin Power & Light Co— 90*4 89*4 1st & ref 5s 1946________ J&D 99*4 101 1st 1 & d 6s 1944 ser C ..M & N Wisconsin Public Service Corp— _ 1st 1 & ref 6s 1952 ser A _ A&O 100*4 102 97*4 95*4 1st & ref 5s 1942_________ J&J Wisconsin R y Light & Power— 92*4 93*4 1st & ref 5s 1933_________ F&A 92 90*4 Wiscon Riv Pr 1st 5s '4 1 .-M & N Wisconsin Securities Co— 102 6% notes 1929___________M&S 101 Wisconsin Trac L & H Pow— 97 98*4 1st M 5s 1931____________J&J 105*4 7*4s 1931____________________ Wisconsin Valley Elec— 97 95*4 1st & ref 5s 1942________ M&N 1st mtge 5*4s 1942______ M&N 100*4 102 Worcester & Conn Eastern Ry— 82 76*4 1st s f g 4 J4s 1943_______ J&J 95 Wore Con St R y 7s 1 9 3 0 ...M&S 70 1st & ref g 4*4s 1930_____ F&A 90 92 M&N Deb g 5s 1927....... — 70 Wore & Clint 7s 1930____J&J Worcester Gas Light Co— 1st M 5*4s 1939 ser A ___ J&J 105 1st M 6s 1939______ J&J 105 95 85 Wore & So St R y 7s 1928.-M&S 99*4 99*4 Yadkin River Pow 1st 5s ’41 A&O Yarmouth Lt & Power, Ltd— 83 87 1st M 5s 1937__________ A&O 97*4 102 1st refunding 8s 1951____M&N Yonkers Ry— See Third Ave Ry York Haven Water & Power— 98*4 9954 1st 5s June 1 1951_______ J&D 91 93 Cons M 5s M ay 1 1957.-M&N 94 95 York Rys 1st M g 5s ’37 o p . J&D Youghiogheny Hydro-El Corp— . . . . 1st M 6s 1949___________A&O . 101 Youngstown & Ohio River— — 1st M g 5s 1935 opt ’ 1 5 .-A&O Youngs-Shar R y & L— See Pa-O P & L ' Youngs-Shar R y & L— See M ah & S R y & L Zanesv R y L & P— See Col New & Zanesv Stocks. Stocks. Bid. Ask. Cons Trac (Pittsb)— See Phila Co 85 80 Consol Water (Utica) com — 100 85 80 5% preferred______________ 100 105 102 7 % preferred______________ 1 0 0 Consumers Gas (T o ro n to )------50 r 169 96 93*4 Consumers Pow (Mich) pref. _ 100 102 100 6 .6 % preferred____________ 1 0 0 87 84 Continental Gas & Elec com . .100 93 91 7 % prior preferred________ 1 0 0 92 6 % preferred_________________ —— Continen Pass Ry— See Phila R T Cumberland Co (Me) P & L t..5 0 90~" Preferred__________________100 d 87"* 104 Dallas Power & Light 7 % pref 100 101 95 93 Dayton Power & Light pref— 100 Dayton & Western, common_-100 Preferred__________________100 "2 ” ”i* i Denver & Northwestern Ry.-lOO 96 93 Derry (N H) Elec Co 7% pref. 100 124*4 Detroit Edison______________ 100 124 8 Detroit United R y ___________100 r 7 Domin Pow & Transmission. .100 r ____ Preferred__________________100 r ____ Duluth Edison Electric______100 Preferred__________________100 3 5 '” 2 5 " Duluth-Superior Trac C o------100 45 35 Preferred__________________100 Duquesne Light— See Phila Co— 102 Eastern Conn Pow 7% 1st pf.100 1 0 0 36*4 36 Eastern Mass St R y, com ____100 69 67 First preferred_____________ 100 61 60 Preferred B stock_________ 100 42*4 41*4 Adjustment stock__________100 103 99 Eastern N J Power 8 % pref— 100 75 Eastern Texas Elec Co, n e w .. (t> d 73 — Preferred__________________ 100 100 — Eastern Wisconsin Elec pref. .100 1000“ East Bay Water (San Fr) com . 100 ____ 9154 Preferred A _______________ 100 ____ 94*4 Preferred B _______________ 100 70 East Penn Electric C o _ (no par) d 60 _ 102 1st preferred (7 % )____(no par) d 100 101 2 d preferred ( 8 % )_____(no par) d 98 East Read’g El— See Read’g Trac East St Louis & Suburban____100 Preferred 100 Edison Elec'il'lum '(Boston)” 100 210*4 211*4 Eighth Ave R R — See N Y Rys Electrical Securities, pref____100 Electrical Utilities.com ______ 100 Preferred__________________100 105 Electric Bond & Share pref_ 100 . _ 76 Elec Bond & Share Sec Corp_____“ 75 Electric Investment Corp____100 Preferred__________________100 . 35 Elec Power & Ltg tem ctfs___ (f) ^ 34 J4 109 Allot ctfs for p f stk 40% pd_ _ 108 109 Allot ctfs for pref full paid___ 107 16 Electric R y Securities_ (no par) “ 14 _ Elec Storage Batt— See Ind & M lsc Cos Elizabethtown Consol Gas_ 100 _ 65 Eliz & Tren RR— See Pub S Corp Elmira W , L & RR 1st p f v t c . 100 75 El Paso Elec Co (D el)_ (no par) “ 73 _ 103 Preferred series A _________ 100 }0O Preferred series B _________ 100 100 70 65 Empire & Bay State Teleg___ 100 85 Empire District Elec, pref____100 78 98 Empire Gas & Fuel C o, pref..1 0 0 §5 33*4 Erie Lighting, pref______ (no par) “ <* >> 128 Essex & Hudson Gas________ 100 126 Fairm’t Pk & Hadd Pass Ry— See vmk* R T 36*4 Fall River Elec Light C o____100 . 34*4 59 Fall River Gas W orks________ 25 “ §5 31*4 Federal Light & Tr com new__(t) “ 31 *4 86*4 Preferred__________________100 85*4 Federal Utilities_____________ 100 Preferred__________________100 , 106 Ft Worth Pow & Light 7 % pref 100 101 44 Franklin Telegraph (guar)____100 40 30*4 Galveston-Houston Elec C o .. 100 28*4 Preferred__________________100 £2 Gas & Elec of Bergen County. 100 84 Gas & Electric Securities____100 200 80 Preferred__________________100 75 97 General Gas & Elec C orp. (no par) “ 95 115 Cumulative pref Class A _ (t) “ 113 _ 100 Cumulative pref Class B _ (t) “ 97 _ 97 Convertible preferred______ ( t) “ 95 Old cumulative preferred_ 100 132 _ 58” " Georgia Lt, Pow & Rys, com . 100 57 Preferred__________________100 80 i2 i" Georgia R y & El co stmpd_ 100 118 _ 83 Preferred..................... 100 §0 90 Georgia R y & Power, com _ lOO _ §8 99*4 First pref cum 7 % ________ 100 98 110 First pref cum 8 % ________ 100 108 90 88 Second pref non-cum______ 100 115 Gold & Stock Teleg (guar)_ 100 113 _ 20 Grand Rapids R y, pref______ 100 15 Great Western Power, pref_ 100 101 _ 23" Hackensack W ater____________25 “ 21 28 Preferred___________________25 25 Harrisburg Lt & Power, p ref_ 50 “ _ 208"" Hartford Electric Light______ 100 205 Preferred___________ 100 197 4 l” ” Hartford City Gas Light, c o m .25 “ I 39 40 Preferred___________________25 “ 38 153 Havana Elec Light & Power_100 152 Preferred__________________100 107*4 109 Helena Light & R y, com _ _ Preferred__________________100 Holyoke Street R y ___________lOO Holyoke Water Power_______ 100 Houghton County Elec Light. .25 “ § 20 Preferred____________ 25 d 18 Houghton County Trac, c o m .100 Preferred__________________l60 __ Houston Gas & Fuel, pref____100 95 128 Hudson County Gas_________ lOO 126 101 Idaho Power 7 % pref________ 100 98 96 Illinois Power & Light, 7% pf.100 95 92 Illinois North Utilities, p re f.. 100 88 104 Illinois Traction, com ________ 100 100 Preferred__________________100 r 95 32” Ilium & Power Securities_____100 29 82 Preferred__________________100 81 Indiana Lighting____________ 100 -— Indiana Service Corp, com _ 100 125 _ Preferred_____________ *___ 100 90 Indiana Union Traction______ lOO ---60 Indianapolis Gas______________50 d 54*4 Indianap & Southeast Tr, pf_.100 — 39” Indianapolis Street R y C o____100 38 Indianap W W Sec, pref_____100 91 Indianapolis Water Co, p r e f ..100 ---23” Interboro R T vot trust c t fs .. 100 22*4 a P rc a ra p a e d en , dP ep sh n p rcent. (Newstock, hE u h se lso ays ccru d ivid d ric er are, ot e x-stock d en . AL sale. IInL d , nN in ivid d ast on on om al* r C ad p an ian rice, s S lep a rice, uE arran eO stock, wE x-w ts, ld x-cash&stockdivs. xEx-div. y E -ria its, t W x d ithout p r valu a e. 43 [V ol. 120. PUBLIC UTILITY STOCKS Stocks. Bid. 98 Internat Ocean Teleg (guar) __ 100 International R y v t c _______ 100 23 International Telep S Teleg. _ 100 11034 c 97 Interstate Public Serv, pr lien. 100 93 Iowa Southern Util, 7% pref-.100 Jacksonville Traction, com _ 100 _ 7 Preferred__________________ 100 Jersey Cent Pow & Lt, com _ (t) d 40 _ 98 Preferred__________________ 100 Kan City Pow & Lt 1st pf ser A (t) d 102 Kansas City Power Secur_____ (t) d ____ d ____ Kansas Elec Pow 7 % pref____100 9634 99 Kansas Gas & Elec 7% p r e f.. 100 78 Kentucky Securities Corp___ 100 72 Preferred__________________ 100 86 Kentucky Utilities, pref______ 100 Kentucky & W Va Pow, c o m ..25 d ____ Preferred .100 d ____ Keystone .50 d 734 .50 d 25 45 Key System Transit, p re f... Prior preferred__________ 8634 Knoxville Pow & Light, pref. .100 Laclede Gas Light___________100 165 85 Preferred__________________ 100 Lake Shore Electric, com ____100 First preferred_____________ 100 Second preferred___________100 Laurentide Power____________ 100 r 9734 Lehigh Power Securities, (no par) d 157 Lehigh Valley Transit, com ___ 50 d ____ Preferred___________________ 50 d ____ Lone Star Gas, new__________ 25 d ___ Long Island Lighting 7% pref. 100 102 9234 Los Angeles G & E Corp, pref.100 Louisv Gas & Elec com cl A ._ (t ) d ____ 32 58 Preferred_____________________ Lowell Electric Light_________ 25 d 58 Lowell Gas___________________ 25 d 56 Mackay Companies__________100 12234 6834 Preferred-_________________100 d 14 66 4134 Manila Electric Corp___ (no par) d 43 d 45 934 30 5134 Prior preferred . . 20 Second preferred . 71 Preferred__________________I i 6534 Massachusetts Ltg Cos, c o m ..( d 44 90 6% preferred______________I 11234 d 100 d 102 d ____ Preferred___________________ 1C Mexico Tramway____________ 10C r -----Middle West Utilities____(no par] d 9334 9634 Preferred__________________ 10C 103 99 106 85 Milw Elec R y & Lt. 6% 98 Minnesota Pow & Lt 7 % d 100 Mississippi Pr & Lt, 8% pref. 49 91 Preferred. 88 315 Montana Power_________ Preferred______________ Montreal Lt, Ht & Power. Debenture 5 % stock. d 2134 d 2134 8334 113 r 18734 r 46 r 162 r 9134 d 29" 94 i 109 Mountain States Tel & Tel__ i 193 i d 66 i 11 i 55 Preferred. d 347 d 9934 d 23 Nat Public Serv Corp A com . 14 Class B common_____________ 98 7 % participating pref______ 100 Nebraska Power, pref_______ 100 101 20 Nevada-Calif Eelectric, com . .100 88 Preferred__________________ 100 84 Newark Consolidated Gas____100 54 34 New Bedford Gas & Ed Lt C o .25 3 New Bedford S Onset R y ____ 100 c 90 New England Co, com _______ 100 91 First preferred_____________ 100 80 Second preferred___________100 12 _ New Eng Elec Securities, com _ 9734 New England Power, pref___ 100 New England Telep & T eleg.. 100 10134 41 New Haven Gas Light________ 25 8334 New Haven W ater____________50 96 New Jersey Pow & Lt, p re f.. 100 New Orleans Pub Serv, com ____ 99" 7% preferred______________ 100 63 H Newp N & Hamp Ry, G & E.100 90 Preferred__________________ 100 9834 N Y Cent Elec Corp 7 % p f_ 100 _ 8634 New York City— Consol G as.(t) 5934 Preferred___________________ 50 Standard G L o f N Y , com . 100 Preferred________________100 New York Rys Corp— Common when issued___ 234 1034 Preferred when issued.. New York Railways________ 25 ' Bleecker St S Fulton Ferry. 100 c 10 B ’way & 7th Ave guar_____100 Central Crosstown 7 % ____ 100 Christopher & Tenth Sts_ 100 _ '§ ' 28 Eighth Avenue____________ 100 85 42d St & Grand St Ferry_ 100 _ 16 Ninth Avenue guar 6 % ____ 100 Second Avenue____________ 100 36 ' Sixth Avenue______________ 100 12 Twenty-third St guar______ 100 New York State Rys, com ____100 36 Preferred__________________ 100 62 New York Steam pref________ 100 101 N Y Telephone 6 34% pref_ 100 _ 11234 Ask. 102 25 111 100 95 — 10234 98" 100 83 74 — — 8734 167" 95 23" 7 160 3834 26 33 61 60 59 12334 69 16 78 42 44 46 10 35 5234 2334 7134 46 95 115 102 10234 94" 97 105 9934 107 87 100 105 51 93 340 22 22 84 116 18734 47 165 — 98 111 195 6834 65 350 101 24 15 100 102 23 90 56' 16 10434 4134 84 98 lO 'i" 65 93 100 87 5934 1034 1234 n ' 32 18' 40' 39" 65 S tocks. Par. Bid. -(t) dx 67 ..2 5 d 28 par d 75 100 10734 7% preferred. 25 d 26 Norfol Railway ‘ ilk .1(H) 10 d 4934 .50 d 4934 ..2 Northern N Y Util, Inc, com . 5 d ___ Preferred________________ .100 101 Northern Ohio Power______ 1034 76 North Ohio Tr & L pref 6 % . .100 48 Tor Ontario Lt & Pow co m .. -1(H) Preferred________________ 100 7534 KM 115 ) Preferred 100 98 [orthern St 100 Preferred 43 100 KM ) 63 100 100 n 99 Preferred 50 d 40 100 10934 25 d 32 100 Ohio Public Service pref A . . .100 98 .100 99 100 9 100 50 Preferred 25 d ___ 6 100 100 40 Preferred ttawa Ligh .100 r ____ -lOOr -----Preferred 100 r 6434 .100 -.2 5 d 1634 10(1 110 K I M 94 34 10(1 230 Pacific Light Corp______... 10(1 Preferred______________ 7934 Pacific Pow & Lt 7 % p re f.. 100 9834 10(1 10634 10(1 953-4 Preferred 25 d 13 84 .10(1 82 10(1 10(1 108 10(1 102 .10(1 100 Preferred 7 % series A . . . ( t ) ’d 67 par) d 10434 93 10(1 108 M0C 96 1()( (t) d 10134 13734 Pennsylvania Water & Pow . 10f 1(M 11634 5 : d 5634 < •gh)... 5( d 36 5% non-cum preiferred. 5( d 47 -.51 d 20 ..5 0 d 37 _.50'd 20 -10C , 110 _.25|d 12 -.5 0 d 39 _-50ld 2234 ..5 0 d 25 Sub Rap _.50|d 2234 Ask. Stocks. 68 2834 79 1 Roch & Syracuse RR com . — : 27 Preferred______________ — 4934 50 Par Bid. 60 100 79 100 100 10634 100 34 11 100 63 100 KM ) 100 100 9434 103 100 10034 100 103 11 78 100 734 100 4934 77 Preferred________________ 100 120 Shawinigan Water & Power. 100 r 14734 100 100 16 80 100 Preferred — 65 100 49 .100 112 69 6% preferred . 9234 Tori 106 100 125 42 100 r 78 Southern Canada Power. 110 .100 r ____ Preferred____________ — 3234 95 85" 100 ..2 5 South & Atlan Teleg (guar)------25 d 20 101 .100 Southern New Eng Telep____100 V 13634 11 5 Rights________________________id 52 outhern Pr & Lt com _ (no par) d 31 _ 30 Preferred____________ (no par) d 101 outhern Utilities common---- 100 50 Preferred_________________ 100 9934 101 11034 65 outhwestern Lt & Pow A ------(t) d ____ Class B ___________________ (t) d ____ 99 18 11034 49" 95 255 98 80 d 5234 99 115 7% cum prior pref________ 100 97 8% cum preferred___________50 dx 5134 andard Pr & Lt Corp p ref._(t) d 106 aten Island Edison prer-------- (t) iburban Elec Securs_ (no par) d ____ _ 85 1st preferred______________ 100 103 2d preferred_______________ (nopar) 103 Sub R T St Ry— See Phila Co 68 Superior Water L & P com ___ 100 110 Preferred_________________ 100 97 Tampa Electric C o___________100 203 110 Tennessee Elec Pow com . (no par) d 68 99 98 1st preferred (7 % )_________100 83 103 1st preferred (6 % )________ 100 d 2d preferred_______________ (nopar)82 13834 11634 Terre Haute Ind S East______ 100 c 134 9 57 Preferred_________________ 100 90 3614 Terre Haute Tr & Lt pref____100 9934 47 34 Texas Power & Light 7 % pref. 100 25 10 Third Avenue R y (N Y ) _____100 99 Tidewater Power 8% pref____100 Toledo Bowl Green & So pref. 100 112 Toledo-Edison prior pref_____100 110 84 1334 Tri-City Ry & Light pref____ 100 42 Tri-State Telep & Teleg_______ 10 734 Preferred__________________ 10 834 Troy (N Y ) Gas_____________ (nopar)64 ____ 23d Street— See N Y Railways Twin City Rapid Transit_____100 6834 96 3834 Philadelphia Electric__________ 251 d 3834 Preferred_________________ 100 38 34 Union St R y (NewBed.Mass).lOO Preferred___________________ 25 d 38 Philadelphia Rapid Transit____ 50 d 4434 _ 4434 Union Trac of Ind common_ 100 200 I First preferred_____________ 100 Citizens Passenger guar_____50 d 190 75 Continen Pass R y ($29 p d )..5 0 ,d 65 Second preferred___________100 25 40 Fairm’t Pk & Hadding’n ____ 50 d 30 United Elec R y (Providence). 100 250 Frandf’d & Southwark Pass. 50 d 240 United Elec Secur pref_______ 100 100 80 70 Germantown Passenger_____ 50 United Gas & Elec com ..(no par) d 40 84 Green & Coates Sts ($15 pd).50 k 6834 Preferred_________________ 100 58 Hestonville M & F com _____ 50 d ... k 2734 United Gas & El of NJ 5% pf.100 42 United Gas Improvement_____50 d 9034 Preferred________________ 50 d 35 105 Preferred__________________ 50 d 5734 Phila Pass Ry (^2234 p d ._ )..5 0 d 100 26 United 111 Co of New H a ven .. 100 305 Phila & Darby Pass R y _____ 50 d 22 60 Phil & Gray’s Fy ($25 p d )___50 d 58 United Lt & Pr com A ___ (no par) d 6634 Common Class B ____(no par) d 68 Philadelphia Traction______ 50 d 5834 5834 170 Preferred Class A ____(no par) d 8534 Ridge Ave Pass ($28 p d )____50 d 160 173 2d & 3d Sts R y guar________ 50 d 165 Preferred Class B ____(no par) d 50 20c 173 13th & 15th Sts Pass R y ____50 d 165 United Rys o f St Louis com _ 100 _ 112 Preferred_________________ 100 434 Union Pass ($30 5-6 p d )____50 d 100 _ Union Traction ($1734 p d )..5 0 d 40 4034 United Rys & El (Balt) com _ 50 d 19 27 k 141 United Rys Investment C o_ 100 _ West Phila Pass guar_______ 50 Preferred_________________ 100 7434 Phila & Western R y com ______ 50 1534 1634 25 37 36 United Utilities______________ 100 Preferred__________________ 50 85 96 ‘ 98 Preferred_________________ 100 Pine Bluff Co pref____________ 100 Pittsb & Birm Tr— See Phila Co Utah Power & Light pref_____100 100 153s Pittsburgh Utilities 7% pref___10 1534 Utah Securities Corp________ 100 14 Utica Gas & Electric pref____100 1 0 3 " Pref vot tr ctfs______________ 10 1434 14 13 Utilities Power & Lt Cl A (no par) d 2834 Preferred, new___________ d 64 68 Class B ____________________{nopar) 14 Portland (Me) Gas Light____ 50 48 49 Virginia R y & Power com ____100 117 Portland Elec Power com ___ 100 97 94 Preferred_________________ 100 Prior preferred____________ 100 8 0 " Virginian Power Co com m on.. 100 68 78 1st preferred______________ 100 72 74 Wash Balt & Annapolis_______ 50 d 2d preferred_______________ 100 19 Porto Rico Rys Ltd__________100 r 4234 Preferred__________________ 50 4234 88 Preferred_________________ 100 r Washington ( D C ) Gas_______ 20 57 34 21 Power Securities com ____(no par),d I § " Wash (D C) R y & El com ____100 x 118 83 38 Second preferred______ (no paryd 35 Preferred_________________ 100 68 _ Washington Water Pow C o_ 100 121 Providence Gas_______________ 50 d 65 91 Rights__________________ 96 d 234 Public Service of Colo pref___ 100| 72 Public Serv Corp of N J . . (no par)\ d 7134 Western M o Pow 7 % pref. . 53" 8% preferred______________________10011234 11434 Western Power Corp________ 100 92 102 Preferred_________________ 100 7% preferred_____________________ 100i10134 Camden S Sub ($5 paid)___ 25'd c Western Rys & Light pref____100 40 43 Western States Gas & Elec_ 100 _ Consolidated Trac of N J ..1 0 0 90 Preferred_________________ 100 _ Rapid Transit St Ry C o_ 100 115 So Jersey Gas & Elec T ra c.. 100 124 128' Western Union Telegraph___ 100 13134 Pub Serv El & G 6% pref____100 9434 W est’h’se El&Mfg— See und Misc 9334 Public Serv Elec Pow pref____100 103 10434 West Penn Power pref_______ 100 10934 97 91 89 West Penn Railways pref____100 Public Service Invest pref____100 122 West Penn Co com m on..(no par) d 139 Public Service Co of Nor 111_(t) d 121 96 7% preferred______________ 100 6% preferred______________ 100 9634 West Virginia Utilities pref___ 50 d 44 7% preferred______________ 100 107 Puget Sound Power & L ig h t.. 100 56 58 Winnipeg Electric C o________ 100 r 46 87 84 Preferred_________________ 100 r 9434 6% preferred______________ 100 _ 7% preferred______________ 100 106 34 10834 Wisconsin Edison common_ 100 Quebec Power com ___________100 r 101 10134 Wisc-Minn L & P— See Nor State Pow of" 98 Wisconsin Pub Ser Corp pref.100 Preferred_________________ 100 r 106 Quebec R y, Lt, Heat & P o w .. 100 Wisconsin Telep 7% p r e f ..___100 109 Yadkin River Power 7% pref.100 100 108 Queensboro Gas & Elec 8 % p f - 100 105 Rap Tran St R y— See P S Corp York (Pa) Railways com m on ..50, d 48 Preferred__________________ 50 d 3534 Reading Traction________ 50 City Passenger R y _________ 50 Youngstown S Ohio Riv RR.1001 c Preferred ________________ 100 East Reading Electric R y ___50 43 Reading Transit & Lt cl B pref.56 37 Ask. 63 81 107 1 13 65 39 106 9 57 25 148 18 83 113 9334 107 7834 92" 22 138 534 35 111 100' 9934 5234 101 5334 108 70 100 85 84 4 14 95 101 1034 103 88 834 J34 66 70 96" 1 7 2 30 43 86 62 9034 5734 307 67 70 8634 51 25c. 534 1934 3034 77 101 105" 29 1434 11734 72" 11 5834 124 84 55 95 95 132 100 140 47" 95" Wise 100 110 10134 36" 15 40 11234 /P rch u aser a p a c e d en , dP ep r sh re, n p r cent, f N stock, hE lso ays c ru d ivid d ric e a ot e ew x-stock d en . I Lastsale. IIn L d , nN in ivid d on on om al, rC n d n p a a ia rice, s S le p a rice, uE arran » O stock, x E x-w ts. ld x-divid d, y E en x-rights, t W ithout p valu ar e. 4a IN D U S TR IA L A N D MISCELLANEOUS SECURITIES Under the heading “ Industrial and Miscellaneous Securities” we include all issued which do not appear under the previous two headings, namely, "Railroad (Steam)” and "Public Utilities.” In the case o f stocks, however, we put “ Textile Manufacturing,” “ Insurance,” "M ining,” “ RealEstate*' and Land,” “ Title Guarantee and Safe Deposit Companies” under separate heads, then follow with the rest of the “ Industrial and Miscellaneous.” NOTICE.— A ll b o n d prices are “ an d in terest” except where marked “ f ” anc incom e and defau lted bon ds. an d narked B onds. Bid. Ask. INDU STRIAL & MISCELLANE >US B ONDS Abitibi Pow & Paper 6s 1940 J&J2 9934 10034 Acme White Lead & Color Works — 1st 6s July 1925 to ’28 op_J&J 85” Adams Exp coll tr g 4s '48-M&S 77 78 Coll tr g 4s 1947________ J&D 9934 10034 Advance-Rumely 6s Dec ’25 M&S 102 Ajax Rubber s f 8s 1936____J&D 101 Alabama Cons Coal & Iron— 95 34 9634 1st cons M 5s 1933______ M&N Ala Steel & Shipbldg— See Tenn 3 I & R R . 4 5 Alaska Gold Mines deb 6s’25M&S 4 734 Deb 6s 1926 ser B _______ M&S 81 82 Allied Packers deb 6s 1939..J&J 91 s 9134 1st M & coll tr 8s 1939____J&J Alpine Montan Steel Corp— 9134 s 9134 l s t s f 7s 1955_____________ M&S 10134 10134 Aluminum Co 7s 1925_____M&N 107 107 3 4 Debenture 7s 1933______ A&O 102 J4 Am Agric Chem 1st 5s 1928-A&0 102 103 10334 1st ref s f 734s 1941______F&A American Beet Sugar Co— 100 10034 Conv s f deb 6s 1935_____F&A 98 9834 Amer Chain deb 6s 1933_ A&O _ 9934 _ Amer Chicle— 6s ’25-’27_ A&O 9H 99 Sen Sen Chic 6s June 14 '29J&D — 9534 Amer Cot Oil g 5s 1931 opt M&N American Ice Securities— American Ice Co— R E 1st & 10334 10334 gen s f 6s ’42 opt ’ 13_ F&A _ 99 9834 Am M ach & Fdy s f6 s 1939.A&O 9634 96 34 Am Republic Corp 6s '3 7 .-A&O Amer Rolling Mill 6s 1938.-J&J 10234 103 9834 9834 Amer Smelt & R ef 5s 1947--A& 0 10734 108 1st M 6s 1947 series B _ A&O _ 10234 10234 Amer Sugar Refg 6s 1937_ J&J _ American Sumatra T o b a c c o 93 9234 734 % s f conv notes 1925-J&D — s 103J4 Amer Thread 6s 1928______J&D American Type Founders— 102 Deb gold 6s 1926_______ M&N 101 102 10234 Deb gold 6s 1937_______ M&N 102 103 34 Deb gold 6s 1939............-M&N 60 5834 Amer Writ Paper s f 7-6s ’39 -J&J 57 5934 Temp interchangeable ctf dep. Anaconda Copper Mining— 10034 10038 1st con 6s 1953 series A ..F & A 102 Conv deb 7s 1938_______ F&A 10134 6% gold bonds 1929 ser A.J& J 10334 10494 97 4634 Andes Cop Min deb 7s 1943.J&J Andian National Corp Ltd— 115 117 I s tM s f 6s 1940_________ M&S Antilla Sugar Co— 94 9134 1st M 734s 1939 ser A ____J&J Armour & Co o f Delaware— 1st M 534s 1943 ser A ____J&J 94 9334 Armour & Co—-Real estate 1st gold 434s 1939 op t______J&D 8934 8934 Associated Oil 6% notes ’35-M&S 10234 103 Associated Simmons Hardw Cos 634 % gold notes 1933___ J&J 83 84 Atl Fruit & SS deb 7s ’3 4 --J&D Certificates o f deposit________ 1934 2034 Ctfs o f deposit stamped_____ 3934 Atl Gulf & W Indies SS Lines—Coll tr g 5s Jan 1 1959____J&J 69 6934 Atlantic Refin deb 5s 1937--J&J 9934 9934 Baldwin Locomotive Works—■ 1st s f 5s 1940 opt aft ’ 15-M&N 1023* 103 Baragua Sugar (Comp Azucarera Baraqua) 734s 1937____J&J 15 10434 106 Barnsdall Corp 8s 1931 ser A J&J 10534 10534 Beaver Board Cos— Coll trust 8s 1933________ J&J 91 93 Beech Creek C & C 5s ’4 4 ..J & D 96 97 Booth Fisheries s f 6s 1926-A&0 75 77 Bethlehem Steel Corporation— Cons s f 534s 1953 ser B .-F & A 8734 8734 Cons mtge 6s Aug 1948--F&A 95 9534 Cons mtge 6s 1948 ser A .F & A 9534 95 34 Beth St 1st ex g 5s ’26 gu.J&J 10034 10034 Beth St pur m 6s Aug ’98.Q-F 113 115 Beth St 1st 1 & ref 5s ’42-M&N 94 94 34 Purch money 5s 1936_ J&J _ 93 92 34 Beth Steel eq tr 7s 1935--A&O 10334 101 Penn-Mary Steel 5s 1937-J&J 98 90 Bing & Bing deb 634s ’50--M&S 9534 9634 Borden Mills, Inc— First mtge s f 6s 1934____F&A 99 100 Boston Term Co 334s 1947-F&A 84 8634 Brier Hill Steel 534s 1942--A& 0 100 10034 Brunswick-Balke-Collender Co— 6% serial notes 1926-29_ J&J _ 10034 Buffalo & Susq Iron 5s 1932 J&D 91 94 Deb g 5s Jan ’26 opt ’ 10--M &S Bush Term 1st 4s 1952_____A&O 90” 8734 Cons g 5s Jan 1955_______ J&J 8934 9134 Bush Terminal Buildings Co— 1st s f gold guar 5s I960--A&O 97 97 34 By-Products Coke Corp— 1st & ref s f 8s ’36 ser A ..M & N Calif Petroleum 634s 1933--A&O 10434 10434 Camaguey Sugar 7s ’4 2 --A&O 15 92 9334 Canada Cement 1st 6s ’29 op A&O 10234 Canada SS Lines 7s 1942--M&N 9834 9834 Deb 5s Aug 15 1943---F& A 15 7734 7834 Canadian Car & Fdy Co, Ltd— 1st s f gold 6s 1939______ J&D 10134 10234 Canadian Cons Rubber, Ltd— Gold 6s 1946 opt 1911---A & O 10034 — Canadian Cottons 5s 1940--J&J2 9334 Canad Gen Elec 6s 1942 A&O 95” Central Foundry 6s 1931 F&A 9534 57 67 Cent Hud St’boat 5s Apr ’33 A&O Central Leather 1st s f 6s ’45-J&J 10034 10134 Central Steel 1st 8s 1941.-M &N 112 11234 80 85 Charcoal Iron o f Am 8s ’31 .M&N Chic Jet coll tr ref g 4s ’4 0 --A&O 8634 — Coll trust ref 5s 1940___ A&O 9834 Chic Un Sta— See Steam R R bds — — Chicoutimi Pulp 6s 1943____J&J Basis. /T h is price includes accrued interest, B onds. Bid. k Last sale, n Nominal, t Canadian B onds. Ask. Childs Bldg & Imp 6s ’26-’35_____ 124 127 Childs Co 6% notes 19 29..J&D 129 133 Cities Service Ref 7s 1933____J&J 10134 10334 Clearfield Bit Coal 4s 1940--J&J 81 86 Clev Un Term— See Steam RRs Clyde SS 1st 5s 1931 op t_ F&A _ 9434 9634 Col Fuel & Iron s f 5s 1943--F&A 91 92 Colorado Industrial— 81 82 34 1st g gu 5s ser A & B '34 opt F&A Comm’l Credit 6s 1934___ M&N 9934 9934 Commercial Invest Trust Corp— Basis 434% 5% gold notes 1926______ M&N Basis 5% gold notes 1927______ M&N 5% Basis 5.30% 5% gold notes 1928______ M&N Basis 5.60% 5% gold notes 1929______ M&N Basis 534% 5% gold notes 1930______ M&N Computing-Tabulating-Rec Co Sinking fund gold 6s 1941-J&J 102 M 104 86 Consol Textile 1st 8s 1941 J&D 87 ___ Consol Coal 434s 1934 opt-.M & N 9234 83 1st & ref s f g 5s 1950____J&D 8334 Continental Pap & Bag Mills Corp 8734 1st & ref 634s 1944 Ser A .F & A 8834 Corn Prod R ef s f 5s 1931.-M &N 101 101 1st g 5s 1934 s f ________ M&N 102 Cramp (Wm) SonsShip&EngBldg 98 1st M g 5s 1929 o p t_____M&S 99 Crew Levick Co 1st 6s 1931-F&A 100 75 Crown Cork & Seal 6s 1942-F&A 76 9534 Cuba Cane Sug deb 7s 1930--J&J 9534 10034 10034 Conv deb 8s 1930_______ J&J Cuba (The) Company—■ 9334 94 Conv sec s f 6s 1935______ J&J Cuban-American Sugar— 1st M coll 8s Mar 15 ’31 M&S15 10734 108 Cuban Dominican Sugar Co— 973* 1st lien s f 734s 1944___ M&N 9734 9334 Cudahy Pack s f 5s 1946-..J& D 95 s 93 Sink fund deb g 5 34s ’37 - - A&O s 92 Cuyamel Trust Co— 99 1st mtge 6s 1940_________A&O 9934 De Bardeleben Coal Corp— 1st M 634s 1925-1943___ J&J b 7.10 634% Deere & Co 734% notes ’31-M&N 10434 105 76 Dery (D G) Corp 7s 1942.-M &S 77 Denver Union Stock Yards— 9934 10034 First gold 5s 1926________ J&J Dewees (W) W ood Co 5s ’30 M&N 9734 Dodge Bros deb 6s 1940___ M&N 9734 86 Dold (Jac) Pack 1st 6s ’42-M&N 8634 Domin Coal 5s '40 op ’ 1 0 .-M&N r ____ 9134 Dominion Glass Co, Ltd— 1st s f 6s June 2 1933_ J&D2 r 102 _ r Domin Iron & Steel 5s 1929.-J&J 9134 53 54 Consol 5s 1939___________M&S 99 101 Donnacona Paper 534s ’40--J& D 8934 Donner Steel 7s 1942...........J & J 9034 Dunlop Tire & Rubber Co— 10434 105 1st M 7s 1942 Ser A _____J&D du Pont (E I) de Nem Powder— 95 ____ Gold 434s June 1 1 9 3 6 -..J&D du Pont (E I) de Nemours & Co— 10734 108 .Gold 734s M ay 1 1931--.M & N Eastern Cuba Sug 734s ’3 7 --M &S 101 10434 Eastern Steel 5s 1931______ F&A 78 9734 Elk Horn Coal 6s 1925____J&D 9834 10734 10834 Empire Refg 1st 6s 1927____F&A 9734 Fairmont Coal 5s 1931_____J&J 100 98 Farmers M fg Co 7s 1943_ M&S _ 96 Federal Sug R ef 6s 1933_ M&N _ 95 Federated Metals s f 7s ’3 9 --J&D 10234 10334 Fisk Rubb Co 1st 8s 1941.-M &S 11234 11334 Framerican Ind & Dev Corp— 93 9334 Deb 734s 1942___________J&J Francisco Sug 734s 1942.M&N15 10634 10734 s 100 Gair (Robert) Co 1st 7s ’3 7 --J&J Galena-Signal Oil deb 7s ’30-A&O s 10434 s 105 General Amer Tank Car Corp— Equip tr 734s ’31 Ser GG.A&O 10234 10334 Equip 534s 1926 & 1927..M &N 100 Equip 534s 1928-1934-..M &N b 5.40 5.25% General Asphalt Co— Conv s f 6s 1939________ A&O 10234 103 10434 10534 Gen’l Baking 1st 6s 1936_ J&D _ 100 U General Cigar 6s 1925_____J&D Serial 6s 1935_____________J&D 16.134 8334 8534 Gen’l Elec 334s 1942 op t___F&A 10534 107 Deb g 5s ’52 tax-ex N Y . .M &S General Petroleum Corp— 7% s f gnotes Feb 15 *31 F&A15 106 34 10634 — 10134 6% g notes Apr 15 ’2 8 ..A & 015 Conv 6% notes 1927--M&S15 General R y Signal Co— 13834 Conv 634s 1944_________ A&O 137 Gen Refractories 6s 1952___F&A 10134 10134 9334 9334 German Gen Elec 7s ’45--J&J15 10534 Goodrich (B F) 1st 634s 1947-J&J 105 Goodyear T & Rub 8s ’4 1 --M&N 12034 12034 Deb s f 8s M ay 1931_____ F&A 1093* 10934 Granby Con Min Smelt & Pow— 9934 1st conv 6s 1928 Ser A ..M & N 100 Stamped___________________ 93 Gray & Davis conv 7s ’32___F&A 99 9934 Gulf Oil of Pa deb 5s 1937_ J&D _ Hanna (M A) Co— 89 93 Deb g 6s 1934___________F&A 50 Havana Tobacco 5s 1922..J& D / 40 Hearst Publications, Inc— 1st M & col tr 634s ’26-’36 M&N n 100 Hershey Chocolate 6s 1942 M&N 10334 104 Hoboken Land & Impt Co— 95 1st M g 5s N ov 1930____ M&N 32 Hock Val Prod 5s 1961 opt--J& J / ___ Hoe (R) & Co 1st 634s A r34 A&O 10234 10234 89 Holland-Amer Line 6s ’47-M&N / 8334 Hollingshead (The R M ) Co— 99 101 1st 7s 1938_______________ F&A 103 Holly Sugar 7s 1937.............-J&J 101 Hood Rubber 7s 1936______ J&D 10334 104 Houston Oil Co of Texas— 634 % s f notes 1933______ A&O 9934 100 50 Hudson N av g 6s 1938 op t.-F & A / 45 price Humble Oil & R 534s ’32.J&J 15 Illinois Steel deb 434s 1940--A&O Independent Brewing 6s ’55 J&J Indiana Coke & Gas 6s '46--A & 0 _ Indiana Steel 1st 5s 1952_ M&N Ind'n’p Abattoir 734 s ’31-M &S 15 Ingersoll-Rand 1st g 5s Dec 31 1935 opt Dec 31 1910___ J&J Inland Steel 1st 6s 1920-28-.A&O Internal Agricultural Corp— 1st & coll tr s f g 5s ’32 op M&N Stpd ext to 1942______ M&N Internat Mercantile Marine— 1st M coll trust 6s 1941--A&O International Paper— 1st & ref s f 5s 1947 ser A _____ 1st & ref 5s 1947 ser B ___ J&J R ef mtge 6s 1955 ser A . .M&S Internat Salt g 5s 1951 op .-A & O Internat Silver 1st 6s 1948--J&D Debenture 6s 1933________ J&J Iron Steambt gen 4s 1 9 3 2 ..A&O Jefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s 1950-J&J Jones & Laughlin St 5s '39-M&N Jurgens (Anton) Un (Margarine) Wks conv 6s 1947 (flat)..J&" / Kaufmann Dept Stores Corp— 6% notes ’35 with warr’ts.F&. Kayser (Julius) & Co— 1st M s f 7s 1942_____F&A 15 Kelly-Springfield Tire Co— 8% g notes M ay 15’31 M&N 15 Keystone St & Wire 8s '4 1 .-A&O Kinney (GR) Co 734s 1936-J&D Knight (B B & R) 7s 1930.-M &S / Krupp (Fried) Ltd— 7% dollar notes D ecl5 ’29 J&D La Belle Iron Wks 1st 5s ’40 J&D 1st & ref 6s 1940________ J&D Bid. 10134 9434 94 100 Ask. 102 9434 96” :::: 7334 6834 7434 6934 8534 86 9334 9334 97” 8034 10634 10034 9734 8134 92 10134 95 10234 — 99 9934 96 9634 10334 104 10034 102 10734 46 101 104 10834 49 9334 9334 k 9334 102 34 10334 9334 9334 18 / 16 48 1st & coll tr gold 5s 1944--J&D n 45 Lehigh Coal & Navigation— 92 Funding 4s g July 1 1948-99 Cons s f g 434s 1954_____J&J Leh & W-Barre Coal— See Cent R RR of N J p 3 1 Libby M cN & Libby 7s '31 M&N 10334 104 11834 11934 Liggett & Myers g 7s 19 44..A & 0 Gold bonds 5s 1951___________ 1003* 10134 Little (A E) Co 7s 1942___ A&O 11534 11534 Lorillard (P) Co g 7s 1944--A&O 97 3* 9734 9734 9834 Magma Cop conv 7s 1932.. J&D Magnolia Petroleum Co— 9934 Deb g 434s 1926_____F&A15 9934 Deb g 4 34s 1927_____ F&A15 ____ 9834 Deb g 434s 1928_____ F&A15 Deb g 434s 1929-’34 -.-F & A 15b 5% 88 8434 Mallory SS 1st s f 5s 1932 100 10034 Manati Sugar 1st 734® '4 2 -.A & 0 Manufacturers’ Finance Co— 98 99 Col tr 6% notes 1935____A Marland Oil Co— 10034 10034 5% gold notes 1926_____M ___ M cM yler Interstate 7s '43.J&D Mid-Continent Petrol Corp— 9734 •834 1st s f 634s 1940________ M&S Midvale Steel & Ordnance— 93 9234 Conv s f 5s 1936________ M&S 99 101 Miller (I) & Sons 7s________ 1934 M onon Coal— See Chic Ind & L 8434 Morris & Co 1st s f 434s ’39-J&J 734% gold notes 19 30---M &S 10334 104 78 M tge-Bond Co 4s ser 2 '66-A & 0 97 9634 5s series 3 1932___________J&J 98 973* Murray Body 1st 634s 1934-J&D 87 88 Nat Acme 734s 1931_______ J&D Nat Distillers Products Corp— 102 7% conv guar notes 1930-M&N 101 9934 101 Nat Enam & Stpg 5s 1929--J&D 9834 Nat Starch deb 5s 1930 gu.-J& J National Tube 1st 5s ’5 2 ..M&N 10234 10234 — _ 6334 Natomas Co gen 6s 1935_ J&J New Eng Nav— See N Y N H & H H R R 84 90 New Eng Oil&Ref 1st 8s’31 M&S 98 N J Zinc 1st 4s 1926_____l.A & O 105 New Niquero Sugar 7s 1932-J&J 103 New River Co 1st 5s 1934_ J&J _ 93” §6” Newport Co 7s 1932_______ M&S 103 NYAirBrakelst 6s’28 conv M&N 102 81 8034 N Y Dock Co— 1st g 5s ’51-F&A 90 N Y & Hob Fy 5s M ay ’4 6 --J&D 90 Hoboken Ferry 5s 1946 .M&N 86 N Y & N J Ferry— 5s ’4 6 --J&J 81 77 N Y Shipbldg 1st 5s N ov 1 ’4 6 --New York Steam— See Public Ut ilities 31 29 Norwalk Steel 434s 1929__ J&J 75 73 Nova Scotia S & C 5s 1959--J&J 72 68 O’Gara Coal 5s ’ 55 op aft'08 M&S 10634 Ogilvie Flour Mills 6s ’32_ J&D r 106 _ r 106 10634 Series B ___________ r 106 10634 98 9734 Old Ben Coal’ 1st 6s"l944---F & A Oswego Falls Corp 8s 1942--F&A 10134 10134 Otis Steel s f 8s 1941_______ F&A 9634 1st s f 734s 1947 ser B _ F&A _ 9734 92 9134 Pacific Coast Co g 5s ’46_ J&D _ Pac Fruit Exp Eq— See So Pacific Corp Pan-Amer Petrol & Transp Co— 1st lien equip 7s 1930____ F&A 10634 10634 S f 6s 1934______________ M&N 11134 11234 Park Lexington— 94 9534 1st leasehold s f 634s '53-.J& J 97 9534 Park & Tilford s f 6s 1936- -J&D Penelec Coal 634s 1944____F&A 100 104 Penick & Ford 634s 1943___J&D 102 ___ r Penmans Ltd— 1st 5s’26op M&N r 99 92 Penna C & C 1st 5s '32 op -.J& J Penn M ary Steel— See Beth Steel iSale price. 44 INDUSTRIAL AND MISCELLANEOUS BONDS AND STOCKS [Vol. 120. N T E A b n pic s ae “a d In r st’ e c p we e mr e ‘T’ a d in o e a d d fa lte b n s. O IC .— ll o d r e r n te e x e t h r a k d n cm n e u d o d Bid. B onds. B onds. Ask. Bid. B onds. Ask. Bid. Ask. U S Smelt Refg & Mining— Pennsylvania Steel— Sloss-Sheffield Steel & Iron— 102 Conv 6% notes 1926____F&A 6% s f gold notes 1929_ F&A _ Pa&Md Steel con g 6s’25-M&S 10034 10034 10234 10034 101 United States Steel Corp— Span-Amer Iron 6s 1927—J&J 10034 10034 Solvay & Cie 6s 1934 _____A&O s 10334 s 104 Col tr s f 5s Apr '51 op 'll.V a r Phila & Read C & I 5s 1973-J&J 10034 10034 South Porto Rico Sug 7s '40 J&D 10434 10534 11034 11234 Col tr s f 5s Apr '51 not op.V ar 11034 11234 Phillips Petroleum Co— Standard Mill 1st g 5s '30. .M &N 9934 100 Col s f 2d 5s Apr '63 op’ 13 M&N 10534 10534 Deb g 734s '31 (with war)_A&0 107 Standard Oil (Cal)— 100 Without warrants__________ 103 5% serial notes 1925____F&A 10034 Univer’l Winding Co 7s '37-.J& J 101 10234 Pierce-Arr M ot Car 8s 1943.M&S 10234 103 5% serial notes 1926_____F&A 10034 10134 Utah Fuel— See D en & R ioG r,p 32 _ Pierce Oil 8s Dec 15 '31—J&D15 10634 107 5% serial notes 1927_____F&A 10034 10134 Vacuum Oil Co 7% 1936_ A&O 10534 106 ____ PUlsbury Flour Mills Co— 10034 10134 Vandalia Coal 1st 6s '30 op.J&J 5% serial notes 1928_____F&A 102 102 1st M 6s 1943................ .A&O 5% serial notes 1929____F&A 10034 10034 Van Slyke & Horton 7s 1938------ 101 10234 92 Pittsb Brewing 6s Feb 4 '49-J&J 9134 8734 5% serial notes 1930_____F&A 10034 10034 Vertientes Sugar 1st 7s 1942 J&D 98 Pitts Coal deb 5s July '31—M&S 5% serial notes 1931_____F&A 10034 10034 Victor-Amer Fuel 1st 6s '40-F&A 9934 57 65 5% serial notes 1932 ___ F&A Pittsburgh-Westmoreland Coal 10034 10034 Victor Fuel 1st s f g 5s 1953.J&J 1st s f g 5s 1947 o p ______M&N 9034 5% serial notes 1933-- ..F & A 10034 10034 Virginia-Carolina Chemical— 9234 1st s f 7s 1947 ser A ..J & D / 96 Pleasant Val Coal 5s 1928-.J& J 99 Standard Oil of New York— 96 34 97 34 96 Pocahontas Consol Collieries— Certificates of deposit______ f 9434 634% g deb M ay 1 '33..M & N 10734 10734 94 C tf of deposit stamped______ / 90 1st gold 5s 1957 o p _______ J&J 92 34 9334 Standard Plate Glass Co— ____ Port Arthur Canal & Dock— S f conv 7 34s 1937 ser A ..J & J 99 6% notes 1930_ _ .M&S 98 70 With & without warr attach / 69 1st 6s 1953 ser A ________ F&A 101 % Stand Steel Wks 1st 5s '2 8 ..J&J 100 73 1st M 6s 1953 series B _ F&A Certif of dep without warr / 69 _ 10134 Standard Textile Products— 70 Certif of deposit with warr f 68 Porto Rican-Amer Tobacco Co— •* v 93 34 95 1st s f 634s 1942________ M&S Va Iron Coal & Coke 5s '49-M&S 90 9154 Steel Co of Can 6s 1940____J&J r 10434 8% g bds May 15 '31-.M &N15 10234 105 Ward Baking 6s 1937___ J&D 15 101 % 10234 Steel & Tube Co of Amer— Powell Riv Co 6s ’26-’27.-_J& J Warner Sugar R ef 7s 1941.-J&D 9534 Gen M s f 7s 1951 Ser O ..J & J 10734 108 9634 Power Corp of N Y 634s '42--100 Warner Sugar Corp 1st 7s '39 J&J 83 1st M s f 6s 1942 B ______ M&N Sugar Estates of Oriente— 8334 37 Pressed Steel Car 5s 1933_ J&J _ 33 95 1st s f 7s 1942__________ M&S 96 9134 9634 Wayne Coal 6s 1937. - - -M&S Price Bros & Co Ltd— 94 91 98 Sun Oil deb s f 534s 1939.-M&S 98 34 Webster C&C 1st g 5s *42 op M&S 1st M 6s 1943 Ser A _____F&A 101 100 98 Superior Oil 1st 7s 1929 .F&A15 96 9734 Webster Mills 634s 1 9 3 3 ..-J&D 9834 Producers & Refiners Corp— Swift & Co 1st s f g 5s '44 . J&J 100,, 10034 West Ky Coal 7s 1944 ____M&N 102 10234 8s 1931 (with warrants).-J&D 113 34 11434 9634 5% s f g notes Oct 15 '3 2 .-A&O 9634 West Virginia Coal & Coke— 92 Without warrants attached____ 111 92 34 1st M 6s 1950___________ J&J Taylor-Wharton I & S— 93 Punta Alegre Sug s f 7s '2 7 .-J&J 106 90 Western Elec deb 5s 1944. _A&O 10034 10034 106 34 1st 6s 1942______________M&S 102 H 85 Westinghouse Elec & Mfg— Pure Oil Co 634% notes '33.J&D 102 82, 1st & ref 7 34s 1946 Ser A . .J&J Remington Arms 6s 1937.-M&N 7% gold bonds 1931_____M&N 10634 107 88 34 8834 Tenn Coal I & RR 5s 1951 -J&J 10134 10334 93 Republic Ir & Steel 5s '40. .A&O 97 Whitaker-Glessner Co 5s '41 A&O 9634 Ala Steel & Shipbldg 6s '30. J&J 92 y2 10034 10134 102 Ref & gen 534s '53 ser A ..J & J 1st s f g 6s 1941 . --------- A&O 101 9234 Tenn Cop Co conv 6s '25 .M & N Rlma Steel Corp— Wickw Spencer Steel 7s '35-.J& J 84 Thyssen (Aug) Iron & Steel Wks 84 34 1st s f 7s 1955____________F&A 8034 93 8834 9334 82 34 8834 Rlordon Pulp & Paper Ltd— 2 Stamped. 83 8034 Tidal Osage Oil s f 7s 1931. .F&A 104,, 104 V 1st 6s June 30 1942____J&D30 100 Tide Water Oil 6 34s '31 F&A15 10334 10334 Willys-Overland 1st 634s '33 M&S 10134 102 Robbins & Myers 7s 1942._ J&D 64 72 Wilson & Co 1st 6s 1941------A&O 99 „ 9934 Transcontinental Oil— Roch & Pitts C & I 5s '4 6 .-M&N 101 Conv s f g 6s 1928 -----------J&D f 6834 9134 7% notes 1930 _ __ ..A & O _ 6934 10134 100, 1st s f g 434s 1932 op t___ F&A 70 9834 98 Certificates o f deposit. . — / 6834 Traylor Eng & M fg 8s 1936____ Rocky Mtn Fuel 5s 1943____ . . 108 6834 55 60 Conv s f g 734s 1931____F&A / 68 M Tubize Artificial Silk 8s '43. J&J 105 ___ Certificates of deposit. . — f 6834 Rogers-Brown Iron 5s ’26-’40 J&J 99 6934 Union Bag & Paper 6s '42.M&N 9934 Gen & ref 7s 1942_______ M&N 65 Winchester Repeating Arms— 6334 Union Oil Co of California— St Joseph Stk Yds 434s '3 0 .-J&J 1st gold 734s 1941............A&O 10134 102 First lien s f 5s 1931 op t_ J&J 100,, _ 10034 9534 St Lawrence Pulp & Lumber— 104 34 10434 Woodward Iron 5s 1952____J&J 84 85 6s M ay 1 1942 Ser A . ..F & A ____ 96 1st M 6s 1926-1929........... F&A 9534 99 S f g 5s Feb 1 1935______A&O Youngst Sh & Tube 6s 1943.J&J 9934 ____ 1st M 6s 1930-1933______ F&A Union Steel Co 1st 5s '52 gu. J&D 107 34 108 St Regis Paper 6J4s ’25-'29—J&D 100 102 EXCHANGE SEATS. Union Tank Car Eq 7s '3 0 .-F&A 104 34 105 $ No. Last Sale 634s 1930-1934.......... J&D 98 100 United Drug 6s '44 temp .A&O 15 103 34 104 $ St Louis Brew Assn 6s 1939.-J&J N Y Stock Exch__ 1,1008106,000 96 95 United Lead deb 5s 1943____J&J 600 _ St L Nat Stock Yds 4s '30_ J&J N Y Con Stk Exch. 425 500 9434 95 34 United Oil Producers Corp— 82 St L Rky M t & P 5s '55 stpd.J&J 82 > 4 1.200 1,100 1,200 8 3134 N Y Produce Exch.l ,800 1st 8s July 25 1931___ J&J25 Saks & Co 8 f 7s 1942______M&S 10634 10734 United Steamship 6s 1937.M&N 9434 94 34 N Y Cotton Exch . 450 29.500 28.500 32.000 Saxon Pub Wks (Germany)— United Stores Realty 6s '42.A & 0 104 10434 N Y C of & Sug Ex. 327 11.000 12,000 15,000 1st extl s f 7s 1945........... .F&A 92 N Y Curb M arket. 550 12.500 9234 U S Env 1st 5s 1925-1934..-J&D Securities Co N Y 4 % cons. .M &S 54 97 99 57 Baltimore Stk Exch 87 2,000 U S Finishing con g 5s 1929. J&J 8en Sen Chiclet— See Am Chicle 7,000 6,000 7.500 U S Rubber 734 % notes '30.F&A 106 , 10634 Boston Stock Exch. 140 Sharon Steel Hoop 8s 1941 ..M & S 106 7,850 1st & ref 5s 1947 Ser A . .J&J 89 34 8,100 10634 8934 Chicago Bd of T r’d e l,592 Shawsh Mills 7% notes '3 1 -.A & 0 10134 102 5,500 5.800 634% serial notes 1926. M&S 10134 10134 Chicago Stock Exch 250 Sheffield Farms Co— 10134 102 Cincinnati Stk Exch 35 8.000 _ 634% serial notes 1927_ M&S _ 1st & ref 634s 1 9 4 2 ----..A & 0 107 Cleveland Stk Exch 36 3,000 634% serial notes 1928-- M&S 10134 102 10734 Shults Bread 1st 6s 1940_ M&S _ 97 100 50 4,000 634% serial notes 1929.. M&S 10134 10134 Detroit Stock Exch Slemans & Halske— 7,500 Los Ang Stock Exch 66 4.900 4.900 634% serial notes 1930_ M&S _ 10034 101 3-year sec s f 7s 1928______J&J 29 1,200 9834 634% serial notes 1931.. M&S 100 10034 Louisville Stk Exch 9834 10-year sec s f 7s 1935____J&J 100 96 3,350 3,400 3,500 634% serial notes 1932_ M&S _ 10034 Minn Ch of Comm . 587 9534 Sinclair Cons Oil Corp— 9914 Montreal Stock E x . 71 23,000 99 6 34% serial notes 1933-- M&S 1st 1 coll 7s ser A 1937.M&S15 8,600 8,600 9,400 634% serial notes 1934_ M&S _ 9834 9834 New Orl Cotton Ex. 500 93 34 93 34 1st lien coll 634s '38 ser B . J&D 700 70 600 634% serial notes 1935-- M&S 525 98 34 98 34 New Orl Stock E x . 87 34 8734 98 1st 1 6s '27 C with warr.-J&D 11134 112 2,600 634% serial notes 1936_ M&S _ 2,600 9834 Phila Stock E x ch .. 206 Sinclair Crude Oil Purch Co— 98 2,000 634% serial notes 1937_ M&S _ 97 34 Pittsb Stock E xch. 115 1,600 6% notes ser A 1928_____F&A 50 1,950 _ 97 34 634% serial notes 1938_ M&S 9734 St Louis Exchange. 10034 101 _ 98 Sinclair Pipe Line s f 5s '42.A & 0 634% serial notes 1939.. M&S SanFrStk&BdExch 63 30,000 9734 8734 8734 Sixer Steel 1st 7s, 1937 ____M&N 750 98 Washington Stk Ex 40 500 500 634% serial notes 1940_ M&S _ 9734 SkeUy Oil 634% notes '2 7 ..A & 0 116 11634 ft Basis. /T h is price Includes accrued Interest, k Last sale, n Nominal, r Canadian price, s Sale price. IN D U STR IAL A N D MISCELLANEOUS STOCKS Stocks. Par T E X T ILE MFG. STOCKS. N orth. Mills. Par Arcadia M . _ _____ Acushnet Mill (NB) l Am Linen (Fall R) l American M fg. .100 Preferred____100 Amoskeag Mfg (voluntary a ssn ).-(t) Preferred_____ (t) Androscog M (M e).i Appleton Co (Mass) l Arkwright M (FR).Z Arlington M (Mass)Z Barnard M fg (FR)-Z Bates Mfg (M e). 100 Beacon M fg (N B ).l Preferred_____100 Berkshire^ Cot M fg. Adams, Mass. 100 Blgel-Hartf Carp’t - t Preferred_ .100 _ Booth Mfg ( N B ) - I Preferred_____ 100 Boot Mills (Mass)..Z Border C M fg (FR) Z Boston M fg pref. 100 BosjDuck (Mass) _c Bourne-Mills (FR).Z Bristol M fg (N B ). J Butler Mill ( N B ) . Z Cabot M fg_____100 ObacelMills ( F R ) . . i Charlton M ills.. 100 Chicopee’M fg (p f)._l City M fg Cr j>(NB) 1 Con tin'1 M (Me) 100 Cornell Mills (FR).Z Bid. Ask. Per share. 41 80 7234 50 85 89 76 80 70 72 34 90 90 195 125 139 104 10334 115 100 91 90 114 95" 1201 S tocks. Par Dartmouth M fg Corp (N B )_ 100 _ Davis Mills (F R) I Davol Mills (F R ) —Z Draper Corp____100 Dwight Mfg (M ass). Edwards Mfg (M e ).l 7034 Esmond M (R I ) , p f l 7434 Essex Cot M pf_100 Everett M (Mass). _l 105 480 Fairh Mills com . 100 25 Preferred____100 93 Farr Alpaca (Mass) l Flint Mills (F R )..Z 60 Franklin Co (M e). 1 205 Gosnold M (N B)_.Z Preferred _. _____ 100 Granite Mills (FR)_Z 144 Gt Falls Mfg (N H) Z Grinnell Mfg (N B) -Z 107 Hamilt Mfg (Mass) Z Hamilt W TMass) _Z Harmony Mills p f. .Z Hathaway Mfg(NB)Z 113 Hill M fg Co (Me)__Z 85 Holmes Mfg (NB) —Z 95 Preferred_____100 125 Home Bleach &D W t 175 P re fe rr e d ._ 100 _ Ipswich Mills_ 100 _ 119 Preferred_ .100 _ Kilburn M (N B) . . Z 52 King Philip M (FR)Z 130 Lancas’r M (Mass).Z Preferred_____100 100" Laurel Lake com _ _ 135 120 Lawrence M fg (M ).Z Lincoln Mfg (F R )-.Z Lockwood Co (Me).Z Bid. Ask. Per share. 140 85 40 147 25 70 97 97 58 90 200 48 68 15 100 37 85 30 90 10 27 34 68 115 137 95 7 55 95 145 89 90 50 150 30 85 100 30 40 155 58 72 70 20 40 65 91 120 35 125 100 1 72 120 98 100 14 75 65" 100 S tocks. Par Bid. Ask. Per share. Luther Mfg (F R )__/ 115 130 Lyman Mills (M )--Z 142 Manomet M (N B).Z 39 36 Mass Cott M ills. 100 87 84 Mechanics' M (FR) Z 65 Merch Mfg (FR) __Z 75 Merrimack Mfg (M ass)_______ 100 90 95 P referred ____100 7234 7734 Middlesex Co (M )_ M t V-Wood Mills (Balt) v t r _ 100 _ 12 13 Preferred v t r . 100 63 Narragansett Mills (F R )________ 100 95 Nashawena M _ 100 116 _ 119 Nashua M (N H) 100 64 63 Preferred_____100 100 95 Nat Fabric & Fin. 100 105 110 100 Preferred_____100 98 Naumkeag (Mass) — Steam Cot C o . 100 183 18734 Neild Mills (N B 1..Z 21234 225 New Bedf’d Cot M.Z 100 Preferred_ .100 _ 9734 100 New Eng Sou M ____ 10 7 Preferred_____ 100 35 32 Newmarket M f g _ _ Co (N H )------- 100 Nonqiiitt Sp (NB).Z 50 5734 Osbora Mills (FR).Z 7734 Pac Mills (Mass) 100 x 57 58 Parker Mills (FR )--Z 30 Preferred________ 55 Pemaquid M ____20 26 Pepp< reill M fg (Me)Z l i o " 115 Pierce Mfg (N B )..Z 400 450 Pilgrim M new_____ 145 Pocasset M fg (FR).Z 40 S tocks. Par Ponemah M (Proy)-Z P referred ____100 Potomska M (NB)_Z Quissett Mills (NB) Z Preferred_____ 100 Rich Borden M fg Co (F R )_____100 Sagamore mfg (F R )________ 100 Salmon Falls M fg Co (N H )_____100 Seaconnet M (FR).Z Sharp M fg (N B)_.Z P referred ____100 Shawmut Cot Mills (F R) com ____100 Preferred_____ 100 Shove Mill (FR)-100 Skenandoah Cotton Co (Utica)____100 Soule Mill (N B ).100 Stafford M (F R )..Z Stevens M fg (F R).Z Taber Mills (N B ) J Thorndike (M ass).. Tremont & Suffolk M (M ass)____100 Troy Cot’n & W ool’n M fg (F R )___ 500 Union Cot M f (FR) Z Utica Knit C o_ 100 _ Preferred_____ 100 Utica Steam & Moh Val Cot M fg____Z Wampanoag Mills (F R )________ 100 Wamsutta M (N B) Zx Bid. Ask. Per share. 140 100 85 150 98 185 k 50 34 55 37 5734 140 55 170 120 100 20 60 •____ • ____ 40 150 10234 50 80 10734 60 85 s 100 78 60 81 fA t ssessm t p , c P r va e $700. dP e p r sh n p r cent, hP r va e $1,000. kL sale. Z a valu $100. m1st In en aid a lu ric e are, ot e a lu ast Pr e stall, paid. M om N inal. r C n d n p a a ia rice, s S le p a rice. (New stock, z E x-div. y E x-righ z E ts, x-stock div. t W ithout p r valu a e. S tocks. Par Weetamoe M (FR).Z Whitman M (NB).l Winnsboro M pf.100 York Mfg (Me) .100 Bid. Ask. Per share. 35 25 105 102 101 73 69 Southern Mills. Abbeville C M (SC)Z Amer Spinning C o .. Anderson C M (SC)Z Arcade Cot M ______ Arcadia M ______ 100 Preferred________ Arkwright M ______ Augusta Fac (Ga)_Z Avondale Mills Beaumont Mfg Belton Mills ( S C ) ./ Preferred________ Bibb M fg_______ 100 Preferred_____ 100 Brandon M , pref_ _ Brogon_________ 100 Brookside M ills. 100 Calhoun Mills Chadwick-Hoskms25 Chesnee M ._. Chiquola Mfg Preferred . . Clifton M fg (S O) 100 Clinton Cot M _____ Columbus M fg (Ga) Converse (D E).100 Cowpens Mills_____ Dallas Mfg (Ala) .100 Darl’g’n Mfg (S C ).i _ Drayton Mills_ 100 Dunean________ 100 Preferred____ Eagle & Phenix Mills (G a)____100 Easley Cot M , pref. Enterprlse M f (Ga) l Gaffney M fg (SC).Z Gainesville Cot M _ Glen wood Mills_ _ Gluck____________ Granteville M fg. 100 Greenw’d C M (SO)/ Gundel Mills Preferred______ 50 H am rick__________ Hartsville Cot M _ _ Inman Mills_______ Preferred________ Jackson M _________ Judson__________100 Preferred_____100 King.J P.Mfg (Ga. _ Laurens C M (SC) . / Limestone C & M__ Marion Mills___ 100 Marlboro C M (SC) Z Mass Mills (G a)___ Mills M fg Co (S O )./ Mollohon M fg_____ Monarch O M (SC) / Preferred Musgrove M ills-----Newberry O M (SC)/ Ninety-Six M illsNorris Cot M ____ Orr Cot M (S C )-100 Preferred________ Pacolet M fg (S C )-i Preferred_____100 Panola-C M A pf _ 90 Pelham Mills______ Phillips Buttorff M 1 Pickens Cot M Piedmont M fg (SC) / Poe. F W . Mffe (SO)/ Poinsett Mills__ 100 Riverside & Dan Riv Riverside M _ 12.50 _ Saxon Mills_____100 Sibley M fg (Ga)-100 Spartan Mills (SC)_/ Toxoway________ 25 Union-Buffalo M ___ 1st pref______ 100 2d pref_______ 100 Victor-Monag C o. . / Preferred_____100 Ware Shoals Mfg 100 Watt M ills-----------1st preferred_____ 2d preferred_____ Webb Mfg (Nash)./ West Point M fg. 100 Whitney Mfg (S C )./ Williamson Mills_ _ Woodruff M ___ 100 Woodside Cot M 100 Preferred_____ 100 C anadian Mills. Can’n Connecticut Cum pref_____100 Can Convert, L td ./ Can Cottons, LtdlOO Preferred_____100 Domin Text, L t d -.t Preferred_____100 Montreal Cottons. _/ Preferred_____100 _ Penmans, Ltd_ 100 Preferred_____ 100 103 250 80 240" 102 99 10 875 59" 94 225 104 97 111 li4 " 15 130 265 93 134 250 135 113 61 130 80 100 85 94 165 92 95 88 160 125 100 135 400 250 46 135 149 155 103 200 190 104 110 150 134 130 45 98 285 107 127 100 120" 150 102" 97 207 104 85 18 165 124 140 109 75 195 93* 85 65 150 32 60 92 47 X 102 107 149 94" 120 20 125 90 195 138 108 91 B oston . Boston__________100 Oolum Nat L ife. 100 Conveyancers’ Title__________100 Mass Bonding B rooklyn— See N Y D ayton. L ib e rty __ - _____ 50 Reliable................. 20 110 260 85 84 250 105 105 15 925 400 65 66 230 106 100 113 S tocks. Par Detroit. Detroit F & M _ 50 _ Michigan F & M .50 Bid Hartford. Aetna (Fire)____100 608 Automobile Ins. . 100 780 Hartford Fire_ 100 590 _ Full paid rets____ 582 Hartf Steam Boil 540 Insp & Ins___ 100 707 National Fire__ 100 Phoenix (F ire)..100 560 Life Insurance. Aetna Cas'ty & Sur 780 Aetna Life______ 100 895 Conn Gen______ 100 1300 Travelers’ ______ 100 1148 Indianapolis— Sterling Fire_____10 d 11 Louisville. Liberty__________ 50 615 80;) 600 590 560 715 570 790 905 1350 1160 123* Per cent. 200 Per share. M inneapolis. 118" 190 173* Nor’west F & M .100 n 185 135 Newark. 275 22 3* American_________ 5 96 23 X Firemen’s________ 50 230 240 140 _ Prudential Life_ 50 450 140" New Haven. 117 82 3* Security Ins_____25 64 83 X 140 Per share. New Orleans. 86 Lafayette________ 50 240 §5" Per share. New York. 96 _ Amer Alliance_ 100 300 305 Bankers & Ship. 100 220 170 City of N Y _____100 268 95 278" Commonwealth .100 300 105 Continental______ 25 d 113 115 91 Fidelity-Phenix__ 25 d 165 169 165 Globe & Rutgers. 100 1350 1450 135 Great American. 100 282 105 286 H anover________ 50 d 185 Home___________100 364 368" Lincoln__________ 20 d 6') 3* 713* 80 Met Casualty Ins_ _ 50 85 National Liberty.50 d 220 140 Niagara__________56 d 220 160 Northern_______ 100 255 165 North River_____25 d 98 106 Pacific Fire______ 25 d 210 Rossia Ins_______ 25 d 91 a 193 92* Stuyvesant_____100 215 106 United States____20 d 138 148 Westchester______10 d 43 44 140 P hiladelphia. 140 Alliance of P h ila ..l0 50 50 52 Fire A ssociation..50 269 270 104 Ins Co of N A ____10 57 57 3* 1 1 5 " Ins Co State o f Pa 100 160 Lumbermen’s ____25 100 130 People’s Nat Fire. 28 80 " Phila Life..............10 10% Reliance_________ 50 105 126 108 United Firemen’s . 10 it 15 8 4 " Victory__________ 50 104* 107 104 Providence. 99 _ Prov Wash’ton_ 50 380 211 390 106 R ichm ond. 90 Virginia F & M ..2 5 85 90 20 Deposited S tock .. 85 175 90 126 St. Louis— 145 Cent States Life_ 5 _ 14 113 16 Continental Life____ 27 83 30 Missouri State L .10 40 202 42 65 10 3* Internat Life_____50 70 Standard Life______ 90 3 5 160” 34 65 94 483* 104 113 155 70 97 130 40 130 95 142 110 93 St. Paul,M inn. St Paul F & M _ 25 _ 85 San F rancisco. Firemen’s Fund. 100 883* Home Fire & Marine d 32 X Springfield .Mass Springfield Fire & M/ 415 W ashington. American_______ 100 Corcoran________ 50 Fireman’s _______ 20 National Union_ 5 _ 89 88% 33 225 150 26 14 X W heeling , W .Va Wheeling Fire 1 .100 40 115** 93 77% 115 963* 114 156 420 * 150 37 425 155 180 85 62 43 Per cent. Atlantic Mutual— 85 1923 --------- f 1013* 103 120 1924 ........................................ 103 f 101 x 95 102 104 1925 ........................................ 78 ____ Per share. ____ MINING STOCKS. Adventure Cons. .25 Ahumada Lead C o .l Alaska Juneau Gold Mining________ 10 A lgom ah________ 25 Amer Zinc Lead & Smelting____25 Preferred______ 25 39 Anaconda Corp._50 Arizona Com’cial._5 Arcadian Cons_ 25 _ Bingham Mines. .10 — Bonanza Dev C o .10 Butte Cop & Z C o .5 : : : : Butte & Sup_____10 Callahan Zinc-Lead Co_____________10 Calumet & A r iz ..l0 Calumet & Hecla.25 100 Carson Hill G M ..1 64 158 100 15c. 12 H 40c 123* 1% 25c. 103* 161 6 313* 1 5X 10 2% 48 123* 25c. Bid. Ask. Per share. MARINE INSURANCE SCRIP. INSURANCE STOCKS. Baltim ore. Central Fire_____10 45 INDUSTRIAL AND MISCELLANEOUS STOCKS J une, 1925.] 7% 29 40 10?* IX IX 32 5X 10 X Ask. Per share. 51 51% 34% 34% 21 213* 2.13 2.15 83 r 82 % 21 20% 28c. r 25c. Cerro de Pasco____t Chili Copper_____25 Chino Copper_____5 Consol Copper____1 Con Min & Sm ..2 5 Cop Range Con. 100 Crown Reserve____1 Davis-Daly Cop_ 1 _ Stam ped________ DeBeers Con M ____ Dome Mines______t East Butte______10 Federal M & Sm.100 Preferred_____100 First National Cop ($3.75 pd)__5 Franklin ________ 25 Goldfield Consol Mines_________ 10 s Granby Cons M S & Power_____100 Granite-Bi-Metalic (St Louis)_____10 Greene-Cananea. 100 Hancock Cons_ 20 _ Hollinger Mines_ 5 r _ Homestake Min.100 Howe Sound Co New v t c ___ Inspiration Cons Copper________ 20 Island Creek Coal ..1 Preferred_______ 1 Isle Royale Cop. .25 Kennecott Cop___ t Kerr Lake________ 5 Lake Copper_____25 LaRose Mines Ltd.5 _ LaSalle Copper_ 25 Magma Cop Co_ t _ Mason Val M in es..5 Mass Cons_______ 25 Mayflower Old Col25 McIntyrePorcupine5 Miami Copper____5 Michigan________ 25 M oh aw k ________ 25 x Motherlode C ’l’n__t Nevada Cons C o p .5 New Cornelia C o p .5 New Dominion A ..1 New River C o_ 100 _ Preferred_____100 Nipissing Mines_ 5 x _ North Butte_____15 North Lake______25 Ohio Copper_____10 Old Dominion Co.25 _ Ontario Sil M in_ t Park City M & S ..5 Pit & MtShasta Cop Pond Creek— Pocahontas______ Quincy__________ 25 Rand Mines, Ltd_ _ Ray Cons C op_ 10 _ St Joseph Lead_ 10 _ St M ary’s MineralLand _________ 25 San T oy ___________1 Seneca Cop C orp._t Shannon________ 10 Shattuck Ariz Cop 10 South Lake______25 Superior & Boston 10 Superior_________ 25 Tennessee Copper & Chemical_____t Tonopah Belmont. 1 _ Tonopah (N ev)_ 1 Tonopah Ext M in .l Trinity Copper____5 Tuolumne________ 1 United Verde Ext50c U tah-Apex_______ 5 Utah Consol______ 5 Utah Copper C o ..16 Utah Metal & T u n .l Victoria_________ 25 W inona_________ 25 W yandot________ 25 Yukon Gold______5 3c. 20?* 1431 33* 163* 55 5c. 22 143* 3?* 18 553* 22c. 90c. 29c. 95c. 5c. s 153* 35c. 133* 75c. 14.85 44 6c. 16 40c. 143* 1 14.95 443* 163* 17 263* 132 943* 12 51 1 131 6 43c. 13* 413* 13* 45c. 1 173* 93* 283* 132 % 96 123* 51?* 13* 13* 49c. 1?* 42 3* 13* 80c. 13* 173* 9?* S tocks. Par. Bid. Ask. Per share. T ITLE G U A R A N TE E & SAFE DEPOSIT ST OCK American Surety.50 d 138 Bond & M Guar. 100 250 Chicago T & Tr.100 410 City SD (Alb,NY) 100 170 Columbia Title (Washington)_ 5 “ _ Fidelity & D(M d) 50 < ----* Kentucky Title Co 90 Preferred_____100 Lawyers’ Title & ___ Guar____________ 270 Lawyers'M C o .. 100 218 Louisville T itle .. 100 . 204 Maryland Cas C o.25 “ -----Mortgage Bond-100 131 Nat Surety C o. .100 207 New Amsterdam Casualty (Balt) 10 d .- — N Y Title & M tg . 100 348 R E T Ins(Wash)100 145 Tit Ins & Gu(SanFr) 200 Title Gu Tr(StL) 100 ---U S Casualty____100 320 USFidel&Gu(Md) 50 d 200 U S Title G u ar.. 100 232 144 255 175 9 99 % 275 223 100" 139 212 48 % 352 155 250 47% 335 204 INDUSTRIAL AND MISCELLANEOUS Abitlbl Pow & Pap.t a 74% Preferred_____100 n 109 93 % lams Express. .100 15% Ivance-Rumely 100 56 Preferred_____100 Aeolian-Weber 20 Piano & Pian__100 93 Preferred_____ 100 104% Air Reduction_____t Ajax Rubber______ t d 13% 70 Alabama Co____100! 60 Albany Com ___ 100; Albany (N Y ) Safe Dep & Storage 100 160 283* 28%~ Allied Chem & Dye I , Corp____________t d 93 7% 73* 119 Preferred_____100 12?* 13 _ 193* Allied Pack new_ t 193* Prior pref_____100 20c. 25c. Senior pref___ 100 28 Allis-Chalmers Mfg 45 84 4?* Com m on_____100 5 106 Preferred_____100 1 13* _ 25c. 35c. Aluminum Mfrs_ f d ____ Preferred_____lOOi 109 85c. 95c. Amal Sugar com _ t d 3.10 _ 18 19 94 1st preferred.. 1O0 7 53* 20% Am Agri C hem .. 100 5 43* 55% Preferred_____1O0 — s 5c. _ Am Bank Note_ 50 d 180 12 103* Preferred______ 50 d 55 40% 22 X 23 X Am Beet Sugar_100 MX Preferred_____100 36% 38 American B ook. . lOO 114 13 12% Am Bosch M agn'o.t d 31% 51 50 X Am Brake Sh & F__ + d 103% 32 Preferred_____1O0 110% 33 190% _ 3c. American Can_ 100 121 Preferred_____100 70c". Am Car & Fdy_.100 107 60c. Preferred_____ 106 124 6% 6 6 75c. Am Caramel____100 25c. 65 Preferred_____ 100 1 IX Am Chain Class A 25 Am Chicle________ + 50 % Temp v t c . . ___ f 10% 10?* 105 Preferred_____100 9-16 Temp v t C..100 105 4 3% 75 1 2% Am Cigar____T.100 97 Preferred___1.100 — Am Coal of N J _ 25 _ 25 24?* Am Credit Indem.25jd 6% 6% Am Oyanamid-.lOO 1 2 3 " 82 Preferred___^.100 90% Am Drug Synd_ 10 d _ 89% 63* 137 56c. Am Express_____i00 51c. 93 60c. Am Fork & Hoe. 100 40c. 30c. 1st preferred. .100 1023* 15c 46 10c. American G lu e.. 100 110 40c. Preferred_____100 *2*0c. 88 Am Hardware_ 100 _ 9 REAL ESTATE T R Am-Hawaiian SS.10 & LAND STOCKS Per share. Am Hide & LeathlOO d 113* 73 Preferred_____100 Albany Tr (Bost)100 a 58 Amer Hosiery___ 25 20 Alliance Realty . . 100 125 Amer Ice C o____100 106 Bedford Tr (Bos) 100 a 57 82 Preferred_____100 Berkeley Hotl Tr(B)Z a 75 Am Intern Corp. 100 34 B d o fT r B ld T r(C )-/ a ____ 60 Amer-La France Bos Gr’d R ’t Tr (C) / a 109 Fire Eng Inc_ 10 _ 125* 96% Bos R E T (Bos) 1000 a 910 Preferred_____100 940 Bos Stor W h’se (B) / a 122 Amer Laundry Boston Wharf C o ../ a 112 Machinery______ + d 103% 124 Bromf Bldg Tr (B) . / a 70 Preferred_____100 Business R E Tr(B) / a 25 28% — Amer Linseed_ 100 _ Cent Bldg Tr (B) . . / 70 Preferred_____ 100 Chic R E Trus’s 1000 alOOO Amer Locom otive.t 124 122 City R E T (C).1000 a 490 — Preferred_____100 Congress St Associ Am Mch & Fdy.100 160 ates (Boston)___ Z a ____ 65 Amer Metal C o____t 48 C’gress St Big Tr(B)Z Preferred_____100 110 Copley Sq Tr (B os)./ a 38 Amer M ultigraph..t 19X Devonish Big Tr(B)Z a 55 — Preferred_____100 101 % Amer Piano_____100 Preferred_______ 135 East Bos Land (B ). *2” Preferred_____ 100 90% Ensley Land C o_ / 115 _ 125 Amer Pneu Serv._25 3% Essex St Tr (Bost).Z a 65 1st preferred__ 50'd 46 Factory Big Tr (B)_Z a ____ 90 Preferred______ 56 d 18 Fifty Associates (B) _ a3700 Amer Radiator_ 25 _ 95 X Hotel Tr (B oston )../ a 130 Preferred_____100 128% Kimball Bldg Tr(B)/ — Am R y ’ Express. 100 75 78% Realty Associates of 42 Amer Repub C orp.t Brooklyn com _ t _ 220 Am Rolling M ill..25 53 96 91 1st preferred ..1 00 7% pref (new). 100 111% 86 2d preferred..1 00 81 Texas Pacific Land 305 Trust ctfs____100 280 8* 75 95% 17 56X 25 98 104 % 13% 70“ 170 935* 119% 5% 5Q MX 110 3.30 96 20% 55% 190 86 118 35 105 115 191 125 107% 127 24 53X 52 110 77" 99 473* 128 85 63* 138 95 49" 115 89 10 12 733* 106 X 83% 34% 13 97 105 28% 70% 124% 1225* 175 48 X 114 145 94 3% 48 19% 95X 130 80 59 . 533* 3 49 13X 35c. aP rc a ra p a c e d en . 6A u h se lso ays c ru d ivid d ssessm t p , dP ep r sh n p r cent, hP r valu $1,000. i Last sale. / P r valu en aid ric e are, ot e a e t a e, nN inal, r C n d n p om a a ia rice, s S le p a rice. /New stock, uE x-cash a d sto d en , cE n ck ivid d x-stock d en , x E ivid d x-dividen vE h d, x-rig te,. tW ithout P r value. a INDUSTRIAL AND MISCELLANEOUS STOCKS *6 S tocks. Par. Bid. Ask. Stocks. Par. Bid. Ask. Stocks. Par. Bid. Ask. Per share. Per share. Per share. Am Safety Razor.25 d 51 52 % Brit-Amer T ob . £1 d 28 28% Congoleum Co____t d ___ American Screw. 100 Ordinary bearer £1 d 27% 95 Preferred_____100 101 >4 103 28% _ 25% Am Seed M ach_ 50 d 3214 27 British Col Fish & Congoleum-Nairn. . t 50 Preferred_____100 65 42 Conley Tin Foil ..+ d 2% 3% Packing______ 100 r 41% Amer Shipbldg_.100 49% 1 Stpd as to liq div. d % 5i% British Empire Preferred___.100 44 48 83 Steel com_____100 2 Consol Car Heat. 100 1% Amer Ship & Com25 44 1st p r e f______100 30 Cons Cigar C o r p .-t d 43% 82 merce_______ - t d 8% 7 87 3% 2d pref_______ 100 Preferred_____100 7% 99 AmSmelt & Refg.100 101% 102 40 Brown Shoe_____100 30 9>)4 Cons Coal of St L_ 100 10S Preferred____100 5 _ 100 105 Preferred_ 107% Consol Distrib___ t d 4% no 142 Am Snuff com _ 100 _ 144 Brunswtck-BalkeCons Ice (Pittsb)-50 d . . . s 2 23% Preferred___.100 100'4 Collender_____ (t) d 28 Preferred______ 50 d ___ s 14 Am St F ’dries.33 1-3 d 39% 101 3% Consol T e x tile _ t d 3 _ 40 Preferred_____100 103 44% Preferred_____100 110 112 Brunswick Term & Cons Coal of M d. 100 American Stores_ t d 56% _ Ry Secur Co— See Steam RRs 57 P re fe rr e d -_ 100 _ Am Sugar R e fg ..l0 0 65 62 3% 4 65% Buckeye Pipe L ..5 0 d 61% Consumers C o .. 100 34 Preferred___.100 98 32 158 Preferred_____lOO 98)4 Bucyrus com . _ .100 154 Am Sumat T o b . .100 9 Preferred_____ 100 108 Cont Baking A ____t d 125 12714 9)4 78 29 Preferred_____100 Burden Iron pref.100 101 36 105 Class B . . . + d 28% 99% 96 Am Thread pref_ 5 d 3% _ 98 % 97% Preferred_____100 4)4 Burns Bros 7 % pf. 100 Am Tire & Rub com . 66% 4 Prior pref’ce.-lOO 114 117% Continental Can___t d 66% 10 d 107 123 117 20 107% 40 Am T ob stmpd_ 50 d 95% _ Class B com s t k .f d 26% 26% Continental M ot. . t d 10% 96)4 1014 Com B stm p d ..50 d 9514 26% 79 Continental Oil v t c d 26% 95% Burr Add Machine, t d 78% d 15% d 83c. 85c. Preferred_____100 16% 106)4 107 82% Am Type Found. 100 108 7% deb temp 100 110 83 Corn Prod Refg._25 d 31 3314 12214 Preferred_____ 100 121 100 Preferred_____100 107)4 Bush Terminal 100 Am Vitrified Prod.50 d 20 102 20 22 Bldgs pref____100 Cosg-Meeh Coal_ t d 17 _ 19 Preferred---- .100 80 Butterick C o___ 100 19% Cramp (Wm) & Sons 85 % American Wholesale 55 Caddo Cent O & R .t d Sh & E B ld g .. 100 % Corppref . ..1 00 95 California Cyanide 1214 96 Crescent Pipe L ..2 5 d 12 60 50 Amer Wind Glass 48 70 116% 117 26 Preferred_____100 Calif Pack Corp_ t _ s 111 Crock-Wheeler ..1 0 0 80 Amer Wind Glass 75 Calif Petrol______25 d 28% 29 Preferred_____ 100 122% 122% Crucible Steel_ 100 89 % Machine______100 69 Preferred_____100 _ 6914 Preferred_____100 39% 95% Cambria Iron___50 d 39 9514 Preferred . . 100 94)4 12 38)4 Am Wool (Mass) .100 Cuba Cane Sugar . t d 11% 38)4 Cambria Steel___ 50 d 90 Preferred___.100 50% 79 80 Canada Cement. 100 r 104% 104% Preferred_____100 5114 Am Writ'g Paper.100 Preferred_____100 r 113 113% Cuban-Am Sug. .10 d 30% 3014 Preferred ..100 30 95% 97 Preferred_____100 414 4)4 Can Fdys & Forg.100 m ____ Certifs of depos. 2 4 Preferred_____100 r ____ s 35 Cuban Dominican 4% Anglo-Amer O il..£ l d 2314 12 Sugar com _____t d 4% 23H Can SS Lines___ 100 r 11H 36% Archer-Daniels Preferred_____100r 45 35 P referred ___ 100 97 CanadianCar&F.lOO r 42)4 43 Mid com _ ____ t d 34 _ 35 Cudahy Pack_ 100 _ Preferred___ . t d 98 Preferred___.100 r 83 145 83% Cumberl Pipe L.100 143 98 % 76 Armour & Co of Del Can Con Rubb 100 r -----Cushman’s Sons. . t d 73 __ Preferred_ -100 _ 93% Preferred____100 m . . . 93% 89 7% pref______100 101 __ Armour & Co (111)— Canadian Explos.100 100 8% p ref.. _____t d 100 1U1 Com Class A _ 25 d 21H 54 _ Cuyamel Fruit . _T d 53% 21% Preferred____100 Com Class B _ 25 d 12 _ 245 16 % D H Holmes Ltd. 100 240 12% Can Indus Alch____ r 16 Preferred . . 100 88 Dan Boone Woolen 50 88% Can Locomotive. 100 r -----ArmourLeathcom 15 d 3% 84% Preferred_____lOO r . . Mills__________ 25 d 2 214 4 80 70 P referred.. . 100 85 Can Woollens_ 100 r 10 _ 87 11% Davis C & C . ..1 0 0 Arnold, Constable Preferred_____100r 56 38% Davison Chem .t 3814 & Co t d 9% 10 98 Artloom Corp * d 41% 42 Trustees certif.100 Inc 1st pref_ 100 _ 98 94% 7 % pref. temp 100 101 % 103 Caracas Sugar___ 50 A 3 . 4% Deere & Co pref. 100 127 Art Metal Con_ 10 d 15% _ 4 D L & W Coal. .50 d 124 15% Carib Syndicate .25 d 3)4 Arundel Corp. . (t) d ___ 28% Case (J I) Plow Wks Det & Clev N a v ..5 0 d 87 12214 Assets Realizat’n.100 Com . ..( n o par) d ____ Diamond M atch. 100 121 % % ___ 146 Assoc Dry G'ds_.100 208 212 1st pref . . 100 Dixon (J) Cruc. 100 142 __ _ _ 24% Com new temp - * d 52% Dodge Bros com A (t) d 24% 53% 2d pref______ 100 79 1st pref______ 100 98 M 99% Case (J I) Threshing Preference _ (f) d 78% 34 91% 106 _ Mach c o m .. 100 35 Dominion Bdge.100 r 91% 2d p re f.. _ 100 107 76 Associated Oil. ..2 5 d 39 Preferred___ lOO 81 Dom Canners_ 100 r 101% 101 % _ 39M ____ Associated Simmons Case Lockwood frP referred ___ 100 r 100 49 Hardware pf 100 Brainard C o. 100 250 Dom Coal p ref.. 100 r ___ 28 114 30 Atl Fruit & Sugar.. t d 91c. 92c. Celluloid Co ...1 0 0 Dominion Glass. 100 r 112M 75 _ 80 Preferred____100 r 112 Atl Gulf & W Ind P re fe rr e d ._ 100 SS Lines______100 45% Central Aguirre Dom I & S pref. .100 r 25 44)4 i 10 44% Sugar Cos_____20 d 83 V Preferred. . 100 45 85 Donner Steel comlOO 63 Atlan Lobos Oil_ t d 3 _ 7° 3% C entralC & C ..1 00 60 1 st preferred ..1 00 40 12 Preferred . . lOO n 71 Preferred______ 50 d 10 2d preferred. .100 18K 1914 Atlantic Refin’g.100 108 19 Douglas Pectin t d 19 no Central Leather. 100 63% 85 81 Preferred___ 100 11614 117 Preferred_____lOO 63% Douglas Shoe pref. _ ____ Atlas Portl Cem. . ( 43 46 Central Steel . . t d 49 49% Dom St Corp pf.100 r 25 69 Preferred____100 120 Preferred- . . 100 102% 103 Dow Chem coin_ t d 67 _ 100 Atlas Powder_____t dx 46 Preferred____100 47% Cent Teresa Sugar 10 d ____ Preferred_____100 92% 94 Preferred______ 10 d 1% 1% duPont (E I) de N 167% Atlas Tack_______ t d 11 & Co com ..1 0 0 167 11% Century Ribbon 97 96% Austin, Nich & C o .t d 25 Mills c o m ______ t d 36 37 25% Deben stock. .100 96 d 2% 15 97 89 93 45% 43% Auto Knitter Cert'n-Teed Prod, t d 50% 51 Preferred_____100 93% 1st pref____ 100 101 95 Eagle Lock______25 d 101 3% Hosiery______ __ t d 3 % 86% 4 Autosales Corp_ 50 d 3% _ 2d pref. . 100 Eastern M f g _ _ 5 d 3% 5 89 43 40 Preferred. . . 5 0 d 13 Champion Coated Preferred_____100 16 135 107 P a p e r . . ____100 East Roll Mill _t d ____ Babcock & Wil__10C 136 138 10 3% 110 119 Baldw Loc Wks.lOO 119 118 Preferred_____ 100 119% Preferred_____100 Preferred_____10C _ 35% Eastman Kodak t dxl08% 109 111% 112% Chandler M otor_ t d 35% ____ Baltimore Tube. 10C 23 Chapman Valve. 100 215 29 Preferred____100 x 111% 103 d 18% 19 59 29 Barnet L e a th e r_ t d 32% _ Chesebr'gh M f g ..25 d 59% 61 Edm’s & Jones C or. t d 27 34 114 98 94 Preferred_____10C 102% 115 Preferred_____100 94 Preferred_ .100 _ Chic June Rys & Eisenlohr (Otto) & Barnsdall Corp 34 32 Class A ____ 25 d 24% 24% U nS tY d stpd 10C 138 Bro . . . . _ 10C 97 Class B ______ 25 d 19 Preferred_ _ IO C Elec Bond & Sh pf— See Pub Util 19% 42 65% Bayuk Cigars_ _ t d 40% Chic Pneu Tool _10C 93% Elec Stor Batt. __t d 64% 41 95 Chic Ry Equip_ 25 d 45 _ 7% 1st pf(new)100 99 48 Elgin N Watch .25 d 71 11 90 Preferred . . . 2 5 d 26 26% Elk H Coal Corp_5C d 9 2d conv 8 % p f - 100 Beatrice Cream . . 5C d 61 Chic Wilm & Frank 63 Preferred_ _ 10C d 19% 22 Coal com_____10C Ely Walker Dry Preferred_ __ 10C 104 _ 25 106 24 85 Beaver Board Co— Preferred____10C Goods_ _ . .25 d 23% ____ 48 Com v t c Cl A ..+ d 4 5 Chic Yellow C ab.,1 d 47 1st preferred.. IO C 104 53% 84% 85 Com v t c Cl B t d 4 5 Childs Go c o m .. 1 dx 53 2d preferred..IOC 114 116 1st pref v t c . 10C 20 Preferred_____10C 27 Emerson-Brant. .10C 214 1% 18 8 22 Beech-Nut Pack. .2C d 70 70% Cin Tob W areh _ . 10C Preferred____10C 1014 Cin Un Stk Y ds. 10C 139 7% pref Cl B__ 10C 114 115 6914 Endicott-Johnson.5C d 68 40% City Investing. . 10C 11314 Beth-Sem Steel.. 10C Preferred____10C 113 40)4 80 79 7 % cum pref . 10C 95 96 Preferred_____10C Eureka Pipe L..10C 18 114 _ Cleve Automobile 1 d 25 25% Exch B u ff Corp_ 1 d 17 8% conv pref. 10C 112 35 Preferred___.10C s 98 Fair (The) Chic_ i d 34% _ Billings & Spen_ 25 d ___ _ 6 ___ 106 100 104 Clev & Buff T r. . 10C Preferred_____100 Preferred______25 d ____ 10 Cleve-Cliffs Iron__1 d 66 67 Fairbanks C o_ 25 d 4 _ Bird & Son— 4% 109 10 Cleveland Stone 10C 109 Prior pref_ _ 10( 110 1st preferred .10C 5 115 3 17 Clinchfield Coal. 10C 31 34 1 Bliss (E W) C o___ 1 d 16 2d preferred..IOC 100 37% 55 Preferred_____10C Fairbanks M orse.. 1 d 36% Preferred______ 5( d 53 105 60% 2d preferred___1( d 9% 63 10% Cluett, Peabody.lOC Preferred_____10C 106 Fajardo Sugar_ 10C _ Bloch Bros T o b ..26 d ___ k 33% Preferred_____10C 107 117% 120 ___ k 96 Coca-Cola C o_____1 d 113 Preferred_____1(X 113% Famous PlayersPreferred_____10( 101% Lasky C o r p ____1 d 106% 107% Bluenthal(S)— ____ 170 70 Collins Co _____ 10( Preferred_____10C Inc 7% pref_ 10( _ 175 110% 111 Booth Fisheries_ i d 4% _ 4% Colo Fuel & Iron.lOC 38% 39 Fay & Egan com . 10( 75 90 Preferred____10C 100 Preferred____10C 80% 25 30 1st preferred.. 10( 125 Borden C o________ 1 d 141 143 Colt's Patent Fire Federal M ot T r . .l ( d 27%. 27% Arms M f g . _ 25 d 29 _ Federal Sug Refg . 1(K 50 no 30 Preferred_____ 10( 107 Colum Carbon___ 1 d 48 80 Borne, Scrymser.lOt Preferred____10( 90 205 210 48% 16 Commercial Invest 5th Ave Bus term . 1 d 15% Bost Belting p f . . 10( 25 30 Trust__________ i d 57% 60 Federated Metals i ds 31% s 32 Boston Woven Hose 118 69 72 1st preferred 1 K 103% 106% Firestone T& R ub 1( d ___ C k & Rubber com.HX 102 Com Solvents A _■ d 92 98 98 97 6 % preferred . 10C 99 * Preferred_____ 10C 42% Class B ______ . 1 d 90 97 98 Briggs M fg______ (t: d 42 7% preferred. 10( 95 Fisher Body new 25 d 72% 73 Brill (J G )______ 10C 95 99% ____ Preferred____IO C Preferred_____10C Bristol Brass. . 25 d 6 10 [V ol. 120. Stocks. Par. Bid. Ask. Per share. FishB’dy Ohiopf. 100 d 104% 108 Fisk Rubber c o m .-t d 1614 1614 95 1st preferred.. 100 9514 2d pref 7 % ...1 0 0 Fleishmann C o___ t d 8514 86 Preferred_____ 100 112 Ford M ot of Canada 478 490 Fostoria Glass_ 100 d _ f 140 c Foundation C o____+ d 114% 114% Franklin (H H) Mfg 23% 24 85 89 Preferred____100 F’klin Simon p f. . 100 104% 104 Freeport Tex C o_ t d 16% _ 1614 Galena-Sig O il.. 100 54 54% Pref (old)_____100 112 114 Pref (new)____100 103 106 Gardner M otors. . t d 11% 1114 48 Gen Am Tank Car. f d 46% 97 1st preferred.-100 99 Gen Asph c o m .. 100 56 5514 Preferred_____100 9614 100 d 133 135 Preferred_______ t d 116 11914 Gen Cig com____100 87% 88 102% 109 100 Deb pref_ .100 _ 108 General Electric. 100 284 286 Special 6% stk.lO d 1114 1114 Gen Fireproofing.. t d 28 2814 Preferred. . .100 !'<)% General M otors_ t d 77% _ 7714 90 91 93 Deb 6% stock .100 107% Deb 7 % stock. 100 107 Gen Petrol_______ 25 d 5314 53% Preferred_____100 d 2614 Gen Ry Signal. 100 140 142 P re fe rr e d ._ lOO _ 86 88 General R e fr a c _ t d 48 _ 49 Gen Tire & Tub .50 d 230 240 _ Preferred_____100 10114 Giant Port Cem .50 d 29 30 Gillette Safety Raz. d 68 6814 Gilliland Oil p f. . 100 .... Gimbel Bros______ t d 54 55 Preferred_____100 103 104% Ginter C o .. . . . t d 36 36% Glen Alden Coal_ t d 127 _ 130 Glidden Co_______ t d 21 % 22 90 Preferred.. ..1 00 95 86 90 Globe-Wernicke .100 P re fe rr e d -_ 100 _ 10114 Godch’x Sug Inc_ t d 8 _ 10 Preferred_____ 100 d 47 50 d 39 3914 Goodrich (B F )___ t d 52 M 5214 Preferred_____ 100 9714 9914 Goodyear Tire & Tubber c o m .. 100 3r> 31 Preferred___ 106 10014 10014 Prior pref. ._ 100 10514 107 Goodyear T & R of California p ref.. 102K 104 Goodyear T & R of Canada pref. .100 r 9514 9614 64 Gorham Mfg pf.100 Grasselli C hem .. 100 130 134 P referred _ 100 _ 10314 104 40 Grat & Knight pf 100 42 _ Gray & Davis_ _t d 83 Gray & D u d le y ..100 86 Preferred . . 95 98 Gt A & P Tea pf.100 115 117 Gt Lakes T ow _ 100 _ 63 6014 Preferred_____lOO 89 Great Nor P a p .. 100 255 265 Great West S u g ..25 a 9914 100 11014 112 Preferred_____100 Grnfld Tap&D pflOO 88 91 Grennan Bakeries, f d 1714 1814 P referred ____100 97 100 W arrants_______ d 80 Guantanamo S u g -.t d 514 514 Preferred . . 100 8514 Gulf Oil Corp____25 a 6714 6814 Gulf States St’l 100 8514 86 1st preferred.. 100 103 104 Hale & Kilburn. . 100 Preferred_____100 Hall Switch& Sig. 100 s 4 s 4% s 25 Hamil-Br Shoe_ 25 d 4514 _ 47 Hanna (M A) 1st preferred_____ 100 53 60% iHarbauer C o____(t) d 18 19 Harb-Walk R e f.. 100 s 115 i P re fe rr e d ._ 100 _ Harris Auto Press(t) d 28% 30 Hartman Corp . t a 29 29% Hart. Schaffner & M arx________ 100 115% 120 P referred _ 100 _ Hawaiian Com & Sugar---- --------- 25 a 47% 47% Hayes W h e e l_ _ t c 3814 39 Preferred___ 100 x 103 105 Hazel-Atlas Glass.25 a 34 Helme (G W) Co 72 Common______ 25 c 71 Preferred___ 10C Hercules Powder 10C 110 115 Preferred___.10C 107 109 Herr-H-MarSafe 10C 140 155 Hey wood-W akefield C o______ 10C 116 120 Preferred_____ 10C 10314 Hock Val Prod_ 1C t _ Hoe (R) & Co cl A . 48 47 Holly Sug C o_ -1 i 42 _ 46 Preferred___.10C 93 96 Holyoke Wat Po.lOC 455 Hood Rubber_____1 i 53 56 P r e f e r r e d .._10( 98 100 __ Hood Rub Pro p f 10C 103 Hooven Owens & Rentschler pf.lOC 95 80 Household Prod. .1 i 3514 3514 Houston Oil ctfs.lOC 6814 69 Preferred ctfs.lOC 84% 86 Howe Scale pref. 10C 58 60 Hudson M ot Car. 1 ( 59% 5914 l Humble Oil & R ..2 5 f 62% 63 a Purchaser also pays accrued dividend, d Price per share, not per cent, k Last sale. I Par value $100. n Nominal, o Price per cent of val. r Canadian price, s Sale price. (N e w stock, m Ex-stock div z Assossme it paid x Ex-dividend y Ex-rights, t Without par. INDUSTRIAL AND MISCELLANEOUS STOCKS June, 1925.] S tocks. Par. Bid. Ask. S tocks. Par. Per share. H upd M otor_____10 d is y* 18)4 Library Bureau. (+) Preferred . .100 Hutch Sug P ltn..25 d 12 Lig & Myers T ob.25 7 Hydraulic Pr Br.100 6)4 Common B ___ 25 95 95)4 d Preferred_____100 7)4 9)4 Lima Locom______t 32 _ Lindsay Light_ 10 Illinois Brick____( t) d 31M 140 142 Preferred_____100 Illinois Pipe L ...1 0 0 Lit Brothers_____10 k 73 Imperial Glass.. 100 34 Loew’s Inc________ t Imperial Oil new____ d 33 V s Loft Inc__________ f Imperial Tobacco o f Canada c o m ..5 d 7)4 7)4 Long Bell Lum A (t) o f Gt. Brit & Irel’d d 23 )4 Indepen Brew’g ..5 0 d P r e fe rr e d .____50 d s Indep Oil & Gas_ t d 31 V _ Indep Pneum T o o l.t d 52 Indiana Pipe Line 50 d 74 Indian M otocycle.. t d 18 7% preferred. 100 d 81 Indian Ref com _ 10 d 7)4 _ 75 Preferred_____100 Ingersoll-Rand . . 100 235 104 P r e fe rr e d ._ 100 _ Inland Steel_____25 d 41)4 Preferred . .100 108 8X Intercont Rub . . 100 Int Agr Cor com . . + d 11 )4 Prior pref ctfs . . + d 53 _ Int Business M _ t d 1 2 2 % d IVs Inter”Button Hole Sew Machine..1 0 d 5 Int Cement C o r p .-t d 64)4 102)4 Pref (7 % )___ 100 70 Int Cigar M ach. 100 Int Combust Eng. . t d 40)4 Int Educational d 10c. d 3)4 110)4 Int Harvester_ 100 _ 117 Preferred_____100 8)4 Int Mer Marine. 100 36 % Preferred_____100 x Inter Nickel_____25 d 29 V 97 Preferred_____100 Inter Paper_____100 72J4 80)4 6 % preferred - .100 90 Pref stamped. 100 Internat Petrol — t d 26 H 70 Internat Shoe____t d 150)4 121 Preferred_____100 140 Inter Silver_____100 107 P r e fe rr e d ._ 100 _ 40 Int Text Book— 100 Intertype Corp------1 d 21)4 72 Iron Prod Corp — t Preferred_____100 95 J R Montgomery 100 105 Preferred_____100 18 H Jewel Tea— ..1 0 0 Preferred . . . . 100 105)4 Johns-Manv, I n c .-t d 139 & Metal 100 Jones Bros Tea. .100 Steel 7% pref. 100 Juncos Cent Sug. 100 K C S tk Y d s of M e .. Preferred _ . . 100 Kanawha & Hock 60 15 113)4 d 45 90 96 77 3 40 Preferred _____ 100 Kans & Gulf C o. .10 d % Kayser (Jul) & C o .t d 28)4 1st preferred------1 d 98 93 1st preferred. .100 Kell v-Springf Tire 25 d 17)4 57 6% cum pref-.lOO 57)4 8% 2d p re f.-.100 96 110 Preferred_____100 Kendall M fg______ t d Preferred_____100 Kentucky W a g .. 100 s Keyst Tire & R ...1 0 d 2 V d 84 Preferred_____100 97)4 Kirby Lum ber.. 100 105 Preferred_____100 1 Knight (B B & R) pf Kresge Dept Stores t d 36 90 Preferred_____100 Kresge (S S) C o. 100 384)4 Preferred_____100 107)4 Kress (S H) & Co 100 320 117 Preferred_____100 25)4 98 >1 Preferred_____100 Laclede Steel___ 100 135 4 Lake of* the Woods Milling.............100 r 176 Preferred_ _ 100 r 125 Landers, Frary & d 73 Lanst Monotype 100 82 V s Larrowe M illing.. t d 62)4 Preferred_____100 105 Tanrentide C o . .100 r 80 Lee Rub & Tire----- 1 d 13% Leh Coal & N av..5 0 d 99)4 Lehigh Val Coal Sales__________ 50 d 82 Leh & W -B Coal..5C d Libbey-Owens Sheet Glass___ 25 d 138 112 Libby, M cNeil & L i b b y . . . ......... 1 d 6)4 C Bid. Ask. Per share. d 25 35 103 d 62 62)4 d 61 61)4 120 121% d 63 63)4 2)4 1)4 ____ 6 d 23 23)4 d 29 29)4 d 7)4 8 49 49)4 90 91)4 102 107 111 200 210 92 88 100 105 d 35 35H 110 112 d 18)4 18)4 162 165 d 36)4 37 d 5 10 24 H 1st preferred.. 100 3 2d preferred.. 100 7)4 Lord & T ay lor..100 1st preferred .100 31)4 55 2d preferred ..1 0 0 74)4 Lorillard (P )_____25 P re fe rr e d ._ 100 _ 18)4 Louisiana Oil Ref (t) Ludlow M fg Assn. . 8 81)4 Ludlum Steel_____+ 240 Lukens Steel_____50 MacAndrews & 159 156 Forbes_______ 100 41)4 100 103 110 Preferred_____100 9 Mackay Cos (See P ublic U tilities) 12 Mack Trucks I n c .. t d 181)4 182 1st preferred- 100 108)4 108)4 104 2d preferred-.100 103 123)4 88 1)4 M acy (R H ).........t d 87)4 116 117)4 Preferred. . .100 147 Magnolia Petrol. 100 144 52 66 Mallison (H R )____+ d 49 89 91 Preferred.. . 100 104)4 49 52 80 Manati Sugar_ 100 _ 82 83)4 Preferred_____100 40)4 52)4 Manhat El Sup____t d 51)4 d 87 15c. 27)4 110 116)4 4)4 92 110)4 Maple Leaf M ill. 100 r 37 98 117)4 Preferred____1O0 r 97 8)4 Maracaibo Oil 26)4 Exploration___ t d 26)4 36)4 43)4 29)4 Marland Oil_____+ d 43)4 97)4 Marlin-Rockwell 19)4 73 Corp v t c ______t d 19 32% 81)4 Martin-Parry C o r .f d 32)4 _ 2)4 90)4 Mason Tire & R _ t d 2)4 16 Preferred_____100 18)4 26)4 80 Mathi’son A lkali.50 d 79)4 75 ____ 99)4 Preferred_____100 151 117 Maxwell-Mot A . 100 116 125 Certifs deposit. 116 116)4 106 Class B (no p a r ).. d 103 Certifs deposit. 103)4 104 24 May (The) Dept Stores Co com . . 50 d 125 126)4 90 Preferred_ .100 _ 122)4 125 93 97 McCall Corp____100 ____ 1st preferred. .100 123 110 95 McCrory Stores— t d 90 19 Non vot cm cl B_ f d 89)4 90)4 108 ____ ____ Pref with war.100 143 107 Without warr.100 105 d 45 55 56 58 15 H M engelCo___ .100 130 Merc Stores__ 100 d 125 114)4 Merg LiDotype.-100 177)4 179 90 45)4 Merrimac Chem____ d 87 20)4 Metro-Gold Piet pref dx 20)4 125 2 Mex Eagle Oil___ 5 d 6 X 4)4 14 78)4 Mex Seaboard O il.- 1 d 13 H Michigan Sugar.. 10 d 6 H 7 Preferred _ ..1 00 n 7% 7 60 Mid-Cont Pet— (t) d 31 % 31 )4 7% preferred. .100 91)4 85)4 )4 1 29 Mid States Oil_ 10 d _ V s 99 Midland Steel Products pref. 100 112 115 24)4 94)4 Midvale C o . ------- 1 d 23)4 124 Miller Rubber— 100 122 18 58 Preferred . . . 100 102)4 106 30 36 58)4 Mohawk Rubb_-100 70 80 99 Preferred.. . 100 Moline Plow 1st 112 ____ pref______ _.100 Montgomery Ward 53H Co common_____t d 53)4 5 ____ Preferred___ 100 112)4 2)4 Class A - . . . t d 111)4 112)4 85 100 Moon Motor C a r .-t d 27 27)4 Morris (Philip) — 10 d 16 17 Morse Twist Drill & Machinery_ 50 d 80 _ 2 90 38 M ot Wheel C o rp .(t) d 24 24)4 Mountain Prod---- 10 d 67)4 95 68)4 Mullins Body------- 1 d 17 395 17 V s 90 Preferred___ 100 83)4 32 Munsingwear I n c ..t d 31)4 400 36 Murray B o d y ------- 1 d 35)4 Nash Motor (no par) d 420 428 27 ___ Pref Class A . .100 105 99 5 Nash Wareh & El 100 145 6 4)4 Nat Acme stpd. .50 d 5)4 Nat Biscuit______ 25 d 67)4 67)4 125 Preferred_____100 128)4 9S)4 Nat Candy_____100 98)4 ____ 1st preferred.. 100 109 2d preferred ..1 0 0 103 75 72 73 83)4 Nat Cloak & Suit 100 103 Preferred . _ ..1 00 101 65 _ Nat Dairy Prod_ t d 56 56)4 Nat Dept Stores— t d 43)4 43% 81 1st preferred..1 00 97 97 )4 13)4 35)4 99)4 Nat Dist Prod— (t) d 35)4 Preferred ____(t) d 67 67)4 Nat Enam & Stpg 100 28 84 27)4 Preferred. ..1 0 0 80 76 Nat Fire-Proofing 50 d 14 Preferred______ 50 d 34)4 35 145 114 113 114)4 152 National L e a d .. 100 151 Preferred- ..1 0 0 116)4 117)4 6)4 National Leather. 10 d 4)4 5 Nat Ref com_____25 d 39 K 41 Preferred_____100 127)4 Nat Sugar Refg.100 102 103)4 Stocks. Par. Bid. Ask Per share. 64 Nat Supply Co_ 50 d 63 _ Preferred_____100 d 109 300 Nat Tea com ___ _t d 291 23 Nat’l Transit. .12.50 d 22)4 Natomas Co of Cal ____ preferred_ _ 100 3)4 New Departure ____ Mfg pref_____100 105 New England Spun Silk pref______100 107 N J Zinc_______ 100 s 184)4 s 188)4 N J Worsted Mills 101 New Mexico & Arizona Land_ 1 d 8)4 _ 8)4 92 87 New Niquero SuglOO 46 N Y Air Brake___ t d 45 % Class A stock_ + d 52)4 _ 53)4 N Y Canners I n c .-t d 44 M 44)4 100 7% cum pref-.lOO d 96 29 N Y D ock______100 27)4 63 66 Preferred_____ 100 N Y Shipbldg_____t d 25 25)4 N Y Steam See PubHe Utilities— 62 60 N Y Transit____100 ____ Nicholson F ile.. 100 180 18 22 Niles-Bem't-P’d .100 P referred ____100 45 55 Nor & W Stboat.100 245 255 North & Judd___ 25 d 42 44 Northern Pipe L.100 84 82)4 Nova Scotia St & C ’l r Nunnally C o_____ t d 9 io ____ Ogilvie FI Mills newf r 140 Preferred_____100 r 127 Ohio Body & B l.._ t d ___ Ohio Brass pref. .100 100 101)4 188 Class B ________ t 200 67 ..2 5 d 66)4 Ohio Oil____ Ontario Stl Prod_ r 56 _ 57)4 P referred _______ r 99 100 Onyx Hosiery_____t d 24 30 80 85 H Preferred___ 100 Orpheum Circuit. .1 d 26)4 27 Preferred_____100 99)4 100)4 Otis Elevator___ 50 d 113 114)4 107 Preferred_____100 108 Otis Steel . . . . . t d 12)4 13 69 1st preferred. .100 71)4 Owens Bottle___ 25 d 50)4 51 P referred __ 100 110 98 Oxford Paper pfd 100 103 Pacific Coast C o. 100 25)4 26 1st preferred..1 00 65 68 2d preferred -.100 41 45 Pacific Mail SS___ 5 d 10 10)4 Pacific O il.. . . _t d 58)4 58;-4 i _ Packard M otor_ 10 27% 27)4 Preferred_ _ 100 110)4 110)4 Paige-DetroitMot (t) d 22)4 22 V s Pairpont C o rp .. 100 160 165 Pan Am Petrol & Transp com ___ 50 d 76)4 76)4 Com Class B _ 50 d 77)4 _ 77)4 Panhandle P & R . . t d 3)4 3)4 55 47)4 Paragon Refg___ 25 d 8)4 8)4 Preferred_____100 64 68 Parish & Bing stpd. t d 1)4 IVs Parke, Davis C o. .25 d 89)4 Park & Tilford Inc. t d 30)4 31 Peck, Stow & Wile 25 d 26 28 Peerless Trk & M .50 d 16)4 17)4 Penick & Ford___ t d 23 23)4 Preferred_____100 105)4 107 Penn Coal & Coke 50 d 14 15)4 Penn Salt M fg_ 50 d 74 _ 75 Penn Seab Steel_ f d 1)4 _ 1)4 Penn Traffic___ 2)4 d Penn-Mex Fuel_ 25 d 31)4 _ 32 Penney (J C) pf.100 105 Phelps-Dodge___100 100 105 Phila Insul Wire_ t d 46 _ 46)4 Phil & Read C & I . f d 40)4 41)4 40 Ctfs of int (w i) . . f 43 Phillip-Jones C orp.t d 59 64 Preferred_____100 92 85)4 Phillips Petrol_____t d 42-14 42)4 Phoenix Hosiery_ 5 d 26 _ 28 Preferred_____100 87 89 Pierce-Arrow Mot Car C o r p .. . .+ d 21)4 21)4 Preferred_____100 71)4 71)4 Prior p r e f . . ___ t d 119 121 Pierce Oil Corp_ 25 d 2)4 _ 2)4 Preferred.........100 35 36)4 Pierce Petrol. _ t d 7)4 _ 7)4 Pigg Wigg Corp— f d Preferred_____100 d Pittsb Brewing_ 50 d 2 V _ s 3 Preferred______ 50 d 10 10)4 Pitts Coal (P a ).. 100 43 43)4 Preferred_____100 83)4 85 Pittsb Oil & Gas_ 5 d 6pg _ 7 Pittsb PI Glass..1 00 s 288 s 290 Pittsb Steel pref. 100 91 96)4 Pittsb Term CoallOO 58 59 Preferred_____100 80 83 Plimpton M fg ColOO 100 Porto Ric A Tob.lOO 50 55 Postum Cereal___ t d 114)4 116 Preferred____100 Power Corp com_ t d _ Preferred_____100 98 100 Prairie Oil & Gas .25 d 59)4 59)4 Prairie Pipe L _ 100 _ 120 120)4 Pratt & Whit pf.100 45 50 Pressed Steel Car 100 54 53 H Preferred_____100 81 82 47 S tocks. Par. Bid. a Purchaser also pays accrued div. 6 Assessment paid. (1 Price per share, not per cent, k Last sale. 1 Par value $100. n Nominal, adian price, s Sale price. (N ew stock, u Ex-cash and stock div. v Ex-stock div. x Ex-dividend, y Ex-rights, t Without par value. Ask. Per share. Proc & Gamble_ 20 d 123)4 124)4 _ _ _ Preferred. ..1 0 0 163 6% preferred. . 100 110)4 111 27 a Prod & R ef Corp.50 d 26 M 44)4 Preferred______50 d 43)4 142 Pullman C o_____100 141 40)4 Punta Alegre Sug.50 d 40)4 28 V s Pure Oil C o. . 25 d 2 8 ^ ____ 6% preferred..1 0 0 87)4 107 8 % preferred.. 100 105 109 Quaker Oats___ (t) d 105 102)4 103)4 Preferred_____100 d 57)4 57)4 51)4 P referred _____50 50)4 Ry Steel-Spring. 100 128)4 129)4 120 119 Preferred_____100 Reece Button-Hole 17 M ach in e______10 d 16)4 Reece Fold M ach. 10 d 2)4 2)4 72 Regal Shoe pref. Reis (Robt) & C o . . t d 22)4 22 V s 85 81 1st preferred..1 00 Remington Noiseless 41 Typew riter____t d 40 110 Preferred . . .100 108 66)4 Remington Typ.100 d 64)4 103)4 1st preferred ..1 0 0 103 ___ 1st p f Ser S_ 100 101 _ 112 2d preferred .100 107 19)4 Reo Motor Car_ 10 d 19)4 _ 15 Replogle Steel t d 14)4 46 Repub I & Steel-100 46)4 89 87 Preferred_____100 13 _ Reynolds Spring_ t d 12)4 Reynolds T ob ____25 d ____ 150 77)4 B common_____25 d 77 P re fe rr e d ._ 100 121)4 122 _ Rich & Boynton Partic pref______t ds 37% s 39 25 20 95 100 Preferred . _______ 5 2)4 Rocky M t Fuel. .100 Preferred. 100 7)4 3)4 155 Rome Brass & C.100 140 ____ Rome Mfg . . .100 100 145 Royal Bak Pow.100 142 101 103 Preferred_____100 Royal Dutch Co N Y d 51)4 51)4 ___ 15 Saco-Lowell Shops. 1 50 55 Preferred_____100 32 28 2d preferred. _l00 ____ Safety Car H & L100 ____ ____ St L Car Co pf--100 58 St L Cot Comp-.lOO 89 St L Nat Stk Y -.1 0 0 85 St L Rocky M t & 20/^ Pacific C o___ 100 ISVn 60 Preferred____100 48)4 St Regis Pap, com t 98)4 99)4 Preferred_____100 Salt Creek P rod --10 d 27 27)4 4 2 San Cecil Sug pf-100 Savage Arms___ 100 63)4 63)4 3 5 Sav Riv Lum pf.100 102 Savan’h Sug com t d 99 101 9» P referred _ 100 _ d 110)4 111)4 Preferred_____100 110)4 112 232 Scovill M fg_____100 227 Seagrave Corp____t d 14)4 14)4 Sears, Roebuck & Co common. .100 169)4 170)4 23 _ Seiberling Rubb_ t d 22 Preferred. .100 101)4 103 60 55 Shaff O & R p f-,1 00 20 Sharon Steel Hp _ . 50 d 18 M i Shattuck (Frank G) t !d 64 % 64)4 42 Shell Transp & Tr £2 d 40 V s 24)4 Shell Union Oil___ t|d 21)4 P r e fe rr e d ._ 100 _ 101)4 102 40 Sherw-Williams ..2 5 d 39)4 Preferred_____100| 105 105)4 128 Sher-Wms Can. .100 r ----Preferred. . 1 0 0 / 103 108)4 Shredded Wheat. 100|r . . 155 44 Simmons C o___ _tid 43)4 106 Preferred_____100| 102)4 24 V i Simms Petrol C o.10 d 21)4 20)4 Sinclair Cons O il._t d 20)4 90 Preferred_____100 90)4 {Singer M fg_____100 247 250 ISinger M fg Ltd_ £1 d 4% _ 5)4 !Skelly OU...............25 d 28)4 28)4 88 jSloss-Sheff S & 1.100 87 | Preferred_____1O0 92)4 95 _ «. _ Smyth Mfg C o .. 100 2 0 Solar Refining_ 100 225 _ 238 Sonora Phon pfd.lOO 30 40 94 Southeast E x p .. 100 97 82 Southern Pipe L.100 83)4 172 South Penn Oil. 100 171 So Porto RicoSuglOO 73 71)4 Preferred .100 102 107 S’west Pa P L . . 100 69 67)4 Spalding(AG) & Bro 1st preferred .100 98)4 Spanish River Pulp _ & Paper M _ 100 r 110)4 110)4 Preferred_____100 r 86)4 87 Spear & Co, temp_ _t d 23)4 24)4 Pref tem p. 100 93 92)4 Spicer M fg C o___ t d 21)4 21H Preferred- . .100 105)4 106 Stafford Co pref. 100 90 100 Standard Milling 100 d 61 67 Preferred_____100 82)4 86 Stand Oil (C a l) ...25 d 58)4 58)4 Stand Oil (In d)_ 25 d 66)4 _ 66)4 Stand Oil (K a n )..25 d 35 35)4 Stand Oil ( K y ) ...2 5 d 118)4 119 Stand Oil (Neb) .100 245 248 Stand Oil o f N J ..2 5 d 42)4 42)4 117 V s 117 Stand Oil of N Y . . 25 d 44 44)4 Stand Oil (Ohio). 100 355 360 Preferred. ..1 00 119 120)4 Stand Plate Glass _ f d 10)4 11 Preferred. 100 71 Prior pref. . 100 s 94 Stand Sanit M fg ..25 d ___ 108 Preferred_ _ 100 Standard Screw. 100 103 110 Preferred A _ 100 102 _ Stand Tank Car pref 20 25 Stan Text Prod 100 28 Preferred A .lOO 55 57 Preferred B _ 100 _ 35 37)4 r Can [V ol. 120. INDUST. AND MISCEL. STOCKS—MUNIC. BONDS .48 S tocks. Par. Stanley Works_ 25 _ Preferred______ 25 Steel Co of Can. .100 Preferred____100 Sterling P rod u cts..t Stern Bros, Cl A .(t ) Stetson (J B )______t Preferred.. .25 Stew-Warn Speed. . t Stromberg-Calrs. .25 Stromberg Carb_ t _ Studebaker C orp__f Preferred_____100 Stutz M otor C a r ..t Submarine Boat_ T _ Sugar Estates Oriente pref_ 100 _ With warrants_ _ Superior Oil___ __ t With warrants_ _ Sullivan M ach’y —50 Superior Steel_ 100 _ Swan & Finch____25 Sweets Co o f A m . 10 Swift & Co -.-1 0 0 Swift Intem at’l — 15 Swinehart T & R . 100 Preferred_____100 Symington C o.........t Bid. Ask. Per share. d 79 81 d 27 H 28 r 86 H 87 r 108 H 108% d 65 H 50% 55 H d 90 93 d 35 38 d 70 % 70 H d 77 87 d 73 73 H d 47% 47% 115% d 9% 0% d 8% 9 85 96 3% 90 100 3% d 48 25 d 17 7% 110 % d 25 H 51 25% 18 d 10 111 26 d 10 % d 20% Telaut’g’ph Corp__t d 12 H Texas Company 25 d 48% Tex Pac Coal&Oil.lO d 15% Texas Gulf Sulph.10 d n o n Textile Banking. 100 150 Thompson-Starret. t d 90 Preferred_____100 d 100 Tide Water Oil. .100 145 % Timken-Det Axle. 10 d 5 H Preferred___.100 X Timken Roll Bear t d 41 Tobacco Prod_ 100 _ 80 Class A ______100 99 H Torrington C o ___25 d 54 Transcont’l Oil___ t d 5 Transue & Williams _ Steel Forging_ t d 26 __ Troy Fdy & M ach.25 d Preferred_____100 Trumbull Steel ..2 5 d 18 % Preferred_____ 100 96 Truscon Steel____10 d 22 H Preferred______ 10 dn 83 17 22 13 48% 15 H 110 H 160 __ 145% 5% 82 41% 80% 99 H 54 H 5% 26 H 18% 97 23% S tocks. Par. Bid. Ask. S tocks. Par. Bid. Stocks. Ask. Bid. Par. Ask. Per share. Per share. Per share. 44 37 Wells Fargo & Co 1 d 13 14 Underw’d Typew.25 d 43% USSm R ef & M in.50 d 36% 45 Welsb’ch Co ComlOO 50 Preferred_____100 d 118 _ 44% 120 P r e fe r r e d -._ 50 55 5 5 ^ U S Stamping_ 100 _ k 110 Western Elec pf.100 115% 117 Un B & P C orp ..l0 0 69% U S Steel C orp.-100 116 116J* Westing Air Br*ke.50 d 100% 104 Un Carb & Carbon _t d 69 % 37% 73 % Union Oil of Calif. . . 38 124% 124% West’hse El & M f.50 d 73% Preferred___.100 87 37% U S Tobacco_____ t d 53% Un Oil Associates.25 d 37 54% 1st preferred_ 50 d 83 _ 12% Un St Yds So OmlOO 1 1 2 116 Preferred_____100 105% 108% Weston El Instru—+ d 11 % Union Tank Car. 100 124 126 41 23 39 Class A . . - . _T d 2 2 % Univ Leaf T ob.,1 00 112 Preferred_____100 89 91 46 114% Westmor’d C o a l..50 d 45 Preferred_____100 45 United Alloy Steel.t d 26 26 H Univ Pipe & Rad. t d 37% 38 % W Va Pulp & P ap. . t d 42 United Cigar Stores 79 80 100 97 of A m erica_ 25 d 70 H _ 72 Wheeling Mold & 3 Utah-Idaho Sugar.6 d 2.75 115 * 6 119 Vacuum Oil_ —25 d 88 _ 89 Preferred_____100 Fdy com ______ t 124 k 31 United Drug____100 124H Vanadium Corp 29 t d 28% Preferred_ .100 _ k 35 55% Van Camp Pkg com d 25 First preferred .50 d 55 28 Wheel Steel Corp .100 k 98 % United Dye wood. 100 10 H 15% Preferred _____ 50 d 25 27 Preferred A _ 100 _ ____ k 115 75 _ Preferred_____100 Preferred B _ 100 Vandalia Coal ..1 0 0 Un Eng & F dy. 100 133 135 White Eagle Oil Preferred_____100 108 27% Preferred_____100 & R efin in g ____t d 27% 23 111>S Van Raalte C o .. _f d 20 70 United Fruit____100 209% 2 1 1 % White M o to r.. __50 d 60% 71 74 1st preferred- 100 20 H 21% Ventura Con Oil Whitman (W m), p f. 91 Unit Paper BoardlOO 89 ____ __ Preferred_ _ 100 Fields__________ 5 d 2 2 % 23 Wickwire-Spencer United Retail Stores Steel C o r p _____5 d Victor Talk M — 100 % % Class A . . t d ____ Trust certif _ f d 3% 4 Victory Park Land— 42% d 4 Untd Sh Mach Cor25 d 42 % 4% 1st preferred- 100 Preferred______ 25 d 27 27% Va-Caro Chem — t d 4% 22 % 4% Willys-Overland . .25 d 2 2 40 107% 107% U S B ob b & Shut.100 3 Preferred_____ 100 1 % d 5% 6 Non-vot cl B _ t d _ Preferred_____100 100 1 % Wilson & C o _____t 1% 21 U S Can com_____t d 56 58 Ctfs of dep_ _ 10 3 Preferred_____100 1% 103 21 105 19 16% 16% U S Cast IP&FdylOO d 163% 165 Ctfs of dep___ 10 Winch-Simmons Co 18 ___ s 104 __ 10 Va Iron O & C ..1 0 0 33 37 Common_____ 100 Preferred_____100 73 79 Preferred_____100 U S Distrib............t d 33 33% 25 _ P re fe rr e d -_ 100 _ _ 122 14 Winchester Co 100 Preferred_____100 150 _ 13% V Vivaudou Inc_ t 140 U S Envelope_ 100 _ 25 35 R ig h ts.. . . . d 1st preferred-.100 % 105 Preferred_____100 108 14 15 2d preferred 100 New temp c tfs. 10 d 13% 3H ---U S E x press___ 100 4% Vulcan Detrn’g —100 Woods M fg_____100 r 33 7 10 80 70 U S Finishing___100 84 Com class A 100 4 P referred ____100 r 78 Preferred____100 87 80 90 Preferred_____100 78 Woodward Iro n .100 90 94 U S Food Prod. .100 7 % pref cl A 100 Preferred . . .100 88 45 U S Glass_______ 25 d ____ s 15 134% Waldorf System_ t d 16% _ 16% W oolw’th (F W)__25 d 134 Worthington Pump U S Gypsum_____20 d 169 170 Waltham Watch & 42% 42% 18% & M ach___ 100 Preferred_ _ 100 s 116 Clock cl B ______t d 17% 82 70% U S Hoffman MaPrior pref_____100 78% Preferred A _ 100 _ 36 Preferred B _ 100 _ 65% 66 chinery_ ______ t d 35 _ Preferred_____100 33 36 25 91 % .20 d 16% U S Ind Alcohol _100 0 1 % Walworth M fg 17 Wright Aeron . . t d 24% 110 % 52 Preferred_____100 Ward Baking Corp: Wrigley (Wm) Jr t d 51% 111 U S Playing Card.20 d 118 Com Class A ___ t d 150 151 Wurlitzer (Rudolph) d 120 U S Print & Litho— Com Class B ___ f d 51 51% 7% preferred. 100 107 Common_____ 100 60% 108% P referred____100 100 60% 10 1% 8% preferred. 100 105 Y a le & T o w n e _ 25 d 64 _ 65 Second pref_ 100 _ 91 % Warwick I & St. 10 d 6 39^ U S Radiator. . . 100 Wash Crosby pf.100 109 Yellow Cab M fg 10 d 38 170 112 Young (J S) C o .. 100 127 130 Preferred___ 100 97 100 Washburn W ire. 100 117 106 Preferred___.100 Preferred___ 100 115 103 U S Realty &Im p. 100 141 % 141% Washington O il..10 d 30 35 Youngstown Sheet 7% preferred-.100 68 U S Rubber. .100 46% 55 & Tube_____ _t d 67 46% Wash Market___ 50 d 52 — _ Preferred____100 52% 105% 1st preferred-.100 99 H 1 0 0 % Weber & Heilbr_ t d 50 b Assessment paid, d Price per share, not per cent, k Last sale, n Nominal, r Canadian price, stock dividend, v Ex-stock dividend, z Ex-dividend, y Ex-rights, t Without par value. s Sale price, t New stock, u Ex-cash and U N ITE D S T A T E S A N D M U N IC IPA L BONDS In State and municipal bonds the custom has always been to quote them “ and interest.” That Is, the accrued interest must in all cases be added on. There are a very few which form exceptions to the rule— that Is, where the prices given are flat prices, the accrued Interest having been taken into account in making them. These are indicated by a special mark, thus (/). The figures in the column "To Net” indicate the basis on which the securities sell or the interest rate which the securities, if held to maturity, will net to the purchaser at the present market price. B on d s. B onds. Bid. UNITED STATES— Se _ . ______ ____ : I ______ Selma 5s 1927 opt 1910Troy 6s imp 1935________ J& AR IZO N A 4.15 4M sref Apr ’38 op ’28—J&J] Maricopa County S D No 102% . . . 3.50% 3.50% 3^% 3.75% 3 %% TE RR ITO R IE S AND U. S. POSSESSIONS Hawaii, Territory of— 4% s Sept 15 1949—M&S15 i 4% s Jan. 1945. 4s M ay 15 ’46 op ’3 6 --M&N i 4s Aug 1947 opt 1937.F&A i Philip Isl 5% s Sept 1950 Q-M 5s Apr 1 1955________ A&O 4%a July 1 & 15 1952.-J&J 4s g L Pur ’34 opt ’ 14-.Q-F 4s P Wks & Imp 1935.-Q-M 4s Impt 1936 opt ’ 16—F&A Porto Rico 4% s f31-’34_J&J i 4% s 1937-1940--...........J&J i 4s Jan 1 1944-1950_____J&J 4s gold 1925-1960______ J&J 4s Road 1927-1930_____J&J 5s July 1954........... Ask. ______ page 1 3. 2s Pan Can N ov 1938____ Q-F 3s Panama Canal 1961___Q-M 3s Conversions 1946-47_ Q-J _ 95 % U S Ctfs o f indebtedness b 3% U S Treasury notes_____ b 3.80 Instrumentalities o f U 8 Gov Fed F ’m ~L4%a ’3 7 -..M & N Fed F'm L ’n 5s ’41_ M&N _ Fed Land Bk 4%a ’42 M&N 4HS1943 op 1933------ J&J 4% s ’53 op ’33......... J&J 4% s 1955 opt 19 35---J&J 4H s ’39 op ’24_____M&N 100 % 4%a 1953 opt 1933---J& J 103 % Fed Ld Bk o f Springf, Mass 4%a 1953 opt 1 9 3 3 --. 10 2% Fed’l Intermea Cred Bks 4% s Feb 1 1926____F&A b 3.75 4%a Apr 15 1926________ b3% ‘ 4 ^ s June 16 ’26.J& D16 63 4% s Feb 1 1927____F&A b 4 4%a Oct 15 ’27--A & 01 5 b4% Bid. 4.10% 104 4.10% 4.10% 104 104 99 % 96 96 96 4.10% 4.10% 4.10% 100 100 109 ALABAMA — — ... — — 6s Highway ’47-’51 5s School March 19335s Jan 1 1954 opt 1934. 5s W W 1926-1950... ARKANSAS Little Rock— 4%a Fund 1926-30--.: 4 k s Fund 1931-50--.: St Francis Lev D 6s ’475H s 1945-1964______ 5%a 1950-1969........... ______ ______ 100 102 To 4.20 4.35 4.45 4 4.55 4.45 4.45 4.25 4.40 4.45 4.75 4.70 4.40 ........... ______ ______ ______ 4.65 4.75 4.50 4.60 4.50 4.50 4.50 4.80 4.75 b 4.05 to 4% b 4.15 to 4.10 % CALIFORNIA b 4.25 to 4.10 b 4.25 to 4.10 Bakersvield 5s 1925-52 —A&O b 4.15 to 4.05 b 4.60 to 4.50 b 4.60 to 4.50 1 0 2 % 105 4.15 Los Ang— 4%s 1926-51—J&D 4s Water 1925 to ’4 5 --M &N 4.10 3^£s Water ’25 to ’41—A&O 4%s Sch 1926 to ’4 4 --J&D 4.10 4%s 1925-1963............A&O 4.35 4 b 4.30 to 4% 5^£s Harb Imp ’25-’61 M&N 5s School Apr 1 1950-. Ar 4.30 Los A C S D 5 M S ’25-34 M&N 5s School 1934__ :_____ J&J 5% s N ov 1935-60____M&N b 4.60 to 4.50 5s Fund Sept 20 1941-M&S Los Ang Co 4Hs ’26-’49—F&A Jefferson County 5s 1949_____ Oakland— 5Hs ’25-’43—F&A 4%s July 1 1931______ J&J ______ 4 Ha Mun Imp ’25-’43-F&A 4%s Hospital 1963____J&J 4Hs 1926-1929______ F&A b 4.10 to 4% Mobile 5s School 1943_ J&D _ 4j^s 1930-1965_______F&A b 4.20 to 4.15 5s Sewer N ov 1 1942--M &N ______ 4Hs Sch &c June 23’25 J&D 5s Dock N ov 1 1947—M&N Oakland S D 4s ’25-’44—J&J 5s Refunding 1949____M&S ........... 4 Orange Co 5s 1926-45— -M&S 4%s Refunding 1937—A&O ........... Pasadena— 4s Jan ’26-’42 J&J 4%s Water & Sewer ’3 9 .J&J J4.40 4Ha Wat P l’t ’25-’36—A&O b Basis. / Flat price, n Nominal. * Tax-free in Connecticut. 4%s Road 1925-1931 — 4s renewal Class C 1956- 6 3.75 4.05% B onds. Bid. To Ask. Net. Redlands— 5s 1925-51 —J&J15 4.40 Riverside 5s 1926-53____J&D 4.40 Riverside Co 5s ’26-’54—M&N 4.40 Sacramento 4s Jan ’26-’45 opt 4.35 4Ha Sew & Dr ’27-’34—J&J 4.35 Sacram’ to Co 4H S ’26-46 J&D b 4.65 to 4.45 % San Diego 5s WW ’26-’54 A&O 4.40 5s Water 1934-53_____F&A 4.40 5s Water 1925-63______ J&J b 4.20 to 4% 4Hs Wh & Har ’26-’52-J&J 4.40 5s Munic 1925-1960_ J&J _ 4.40 5s School 1931-1966 4.40 4Hs Water 1925-29___ J&J 4.40 4Hs Water 1930-1964_____ 4.40 3%s g July 1 ’25-’44—J&J 4.40 San Francisco (City & County) 5s Water 1930-69______J&J 4.15 4%s Water ’57, '58, ’59 .J&J 4.25 San Joaquin Co 5s ’25-’49 J&J 4.65 to 4.45 San Mateo Co 5s ’25-’42—J&J 4.65 to 4.45 Santa Barbara 5s 26-41 Jan 10 4 J^sgold Aug 1943___ F&A b 4.60 to 4.40 CANADA— See page 49. COLORADO Colo Spgs 4s ’29 op ’ 1 4 .-M&S 98 % 99 4s R ef Water Mar 1 1941_ _ 06% 07% Delta Co 5s ref ’30 op ’20 J&D 99 10 0 Denver 5s Aug 15 ’28—F&A 15 1 0 1 % 1 0 2 % Denver (City and County)— 5 Hs Gen Oblig 1964-73. J&J 4Hs Water N ov ’48—M&N . 4H s Water 1944______ J&J 5 D No 1 4H s ’34-’53--J& J PuebloCo4 s ref ’31 op’21J&J 166 Pueblo Co S D No 20— ______ 4Hs 1932____________M&S 4.15 CONNECTICUT *3Hs April 1934_______ A&O 3.85 *4s July 1936_____ -J&J 3.80 *5s July 1 1936...........— J&J 3.80 Bridgeport— *5s ’26-49—J&D 4.10 to 3.95 % 4H aBridge 1925-65____J&J 4.15 to 4% 4%s High Sch ’26-’63—J&J b 4.15 to 4% *4Ha Sewer 1926-46 4.05 to 3.90 A&O 4Hs School 1927-19 4.15 to > % 4 3 Ha Improvt 1925-41 J&J 4.15 to 4% *5s Constr’n ’26-’48—J&D 4.10 to 3.95 Bristol 4Hs Water 1939—J&J 4.10 to 4% *5s July 1 1926-55_____J&J 4.10 to 4% Cheshire 4 Ha 1 9 2 6 -4 5 ...J&J to 3.90 % Danbury 4s Water 1946--J&J 4.10 3%a Funding Oct ’4 1 --A&O 4 East Hartford Fire District *5 Ha 1927-1951_____M&N b 4.10 4% 4s Water June 1933_ J&D _ Glastonbury 4H s ’26-’ 58J&J Greenwich 4Hs 1931-33_J&J Hartford 3H s Bdge ’55—J&J 4.05 3.90% *4s Water June ’30-’39 J&D 4.95 3.80% *4s Water 1940-45____J&D 4.05 3.80% *s Water 1926-1928_______ 3% to 3.25 *4s Water 1929-1930-.____ 3?75 *4s Water 1931-1935______ 3.80 4s High Sch ’26-’55___ J&J b 4.05 3.90% 4 Ha Munic Bldg ’3 3 --M &N 6 4.05 3.90% *4%s Perm Imp ’25-’27 J&D b 4.05 3.85% J une, 1925.] B onds. 49 STATE AND MUNICIPAL BONDS Bid. Ask. Net B onds Bid. To Ask. Net. B onds. Bid. To Ask. Net. Chili (Republic) 8s 1941-F&A 108 M 109 Hartford School Districts— Porto Alegre (City). Br<*< ...— ♦4Ms Arsenal ’25-’47.M & S b 4.05 to 3.95 _ Ext 8s Oct 1 1926___ A&O 95 Sinkingfund 8s 1961_ J&D 103 M 103 % 94M E x t s f 7s 1942.............M&N 101 *4Ms Northeast 1959-J&D b 4.05 to 3.95 Prague (Greater) City— 101M 92 S f 8s N ov 1 1946_____M&N 108 M 109 M . . . 92 M *4Ms 2d North 1944-—J&J 6 4.05 to 3.95 7 Ms loan of 1926-52.-M&N Chinese Government— 96 3Ms South Sept 1955-M&S b 4.05 to 3.95 Rio de Janeiro 8s 1946--A&O 95 Hukuang Rys 5s £..J& D 15 Ext s f 8s 1947_______ A&O 94 % 4Ms Southwest 1944--M&N b 4.05 to 3.95 47 M 48 95 M 5s o f 1896 £red 1933.-A&OZ l 95 80 95 97 7s 1960 (per 1000 m ilreis)-. *4Ms Wash’t’n ’26-’47-J&J b 4.05 to 3.95 4 Ms of ’98 £ red ’4 4 --M&S l 84 86 86 4s West Middle 1937- -F&A 6 4.05 to 3.95 5s s f loan of 1909-34-£J&D 83 M Meriden (T) 4s ’26-’35--M & N 4s (of 1895) 1931 .........J&J Rotterdam (C) ext 6s ’64-M&N 103 M 104 96 M wf89 Middletown— 94 San Juan (City of) Porto Rico 4s Fund 1926-27___ M&N 100 w/86 89 5s ref & imp 1926-36_ J&J _ 103M Colombia (Republic of)— 4s Fund 1928-29___ M&N 100 Sao Paulo (City), Brazil— 100M 79% 4s Fund 1930-35___ M&N 100 6M % gold notes ’2 7 --A&O 100 79 % 6% external s f 1943--M&N 101 100 M Cordoba (Prov) Argentina— Middletown (T)*4s 1930-F&A 99 V 100 s External s f 8s 1952-.M &N — New Britain (C) 3 Ms '32-J&J b 4.05 to 4% Extl s f 7s 1942. ____J&J 95 7.50 Soissons (City), France— Cuban 5s 1944 opt 1911.-M&S 97 % 99 86 — 4s Munic Bldg 1948___ J&J b 4.05 to 4% 85 % Ext g 6s N ov 14 ’3 6 --M &N 88 “ Extl” g 4Ms ’49 op t-.F & A 4Ms School 1925-’40--F & A b 4.05 to 4% (City of) — Tokyo ann s f beg 5s of 1912— “ Extl” g 5s 1949.- ..F & A 97 68 4X s School 1940-’52_-F&A b 4.05 to 4% — Red '17-52-M&S 67M “ External” s f 5Ms Jan 15 4Ms Water Aug 1941..F& A b 4.05 to 4% Trondhjem (City), Norway— — 4Ms Sch Aug ’25-’43-_F&A b 4.05 to 4% 1 9 5 3 . . ...................J&J15 100 H S f ext 6Ms temp 1944--J&J 100M 101 Czechoslovak Republic— 4%s Sch Aug 1929____F&A b 4.05 to 4% Zurich (Switzerland)— Ext s f 8s '22 due ’5 1 --A&O _ *5s Park 1925-1943_ F&A b 4.05 to 4% 99 M 100 S f g 8s Oct 15 ’4 5 --A & 0 15 109M 110 — Ext s f 8s ’22 due ’5 2 .-A&O New Hav (C) 3 Ms ’25- 35A&0 99 M 99 M 1 Denmark ext g 8s '45.A& 015 4s Sewerage 1926-29--A& O CANADA (New York Prices) 110M 110M _ 1 Ext 6s Jan 1 1942 _ J&J 103 % 104 M *4s Apr 2 1940 tax-expt.A&O Dominican Rep 5s ’5 8 .-F&A 102 M 102 % Dominion of Canada— 4Ms Paving Mar 1936-M&S Oust Adm s F5Ms ’42.M&S 95 5s refdg Oct 15 '43-A & 0 15 102 M 102 % 4 Ms 1943-1952___________ 95 M 1 External 5 Ms 1953 __M&N *4Ms Paving Aug ’37_ F&A _ 5s refdg Oct 15 ’2 8 .A & 0 15 100M 101 % ___ i Dutch E Indies 6s 1947--J&J 103 103 % 5s 1926_______________ A&O 100M ioo V *4Ms M ch 15 '27-’35-M&S15 103% l E x t s f 6s 1962________ M&S 103 *5s ’36-’37-‘39-’40-’41--A& O 5s 1931_______________ A&O 102 M 102 % l Extl 5Ms Mar 1953..M&S 101 10 1% s 5s Mar 1937_________ M&S 104M 104 V *5s 1925-1951_________ J&J _ Extl 5 Ms N ov 1953.-M&N 101 New Haven (Town)— 5s Oct 1931__________ A&O 102 % 1 0 2 % __• 10 1% — 5s M ay 1952..............M & N 104% 104M ___ *3Ms Air L RR ’25-‘29--J& J 3.90 Finland (Republic of)— External s f 6s 1945 M&S New London 4s 1933___ A&O 87 M 88 5s Dec 1925__________ J&D 100M 100M ___ 95 M 90 6Ms Munic loan of ’24-’54 A 89% _ 5M % gold notes 1929-F&A 103 4Ms Park July 1942_ J&J 100 103 M ___ 89% 90 5 Ms Viet Loan Dec '27 J&D 102 M 103 Norwalk (C) 3Ms 1929--J&J ___ E xt’l s f 7s 1950______ M&S 95 95 % 5 Ms Viet Ln N ov ’33.M&N 106M 107 4s R ef Sewer ‘27-’28_ J&J _ _ i France (Republic of) 4s 1917-22 23 5 Ms Viet Ln N ov '34-M &N 104M 104 M _ 4s Sch M ch 1954-1964_____ _ 5% National Loan not red 5 Ms Viet Ln Dec ’3 7 .-J&D 109M 109M _ 4Ms Sch M ch 1929-1953--_ _ before Jan 1931_ Q-F 16 p$2fi _ 527 5 Ms renew N ov 1927-M&N 101M 102 *4Ms Im p rov t ’25-’39--J& J Norwalk (T) 4 Ms 1942.-J& D 5Ms renew N ov 1932.M&N 103 % 104 94 32 M 33 M 4" 80 6% National loan of 1920. e*32M 538 M Alberta (Prov of) 6s ’30-M&N Norwich— G & E 1931-.A& 0 b 4.20 to 4% 7s ext of ’24-’49 temp.J&D 89 M 90 _ 4 Ms Water Mar ‘39_ M&S 6 4.15 to 4% 7 Ms External 1941_ J&D _ 97 % 98 4 Ms Refunding 1938--A&O b 4.15 to 4% 102 % 0 ______ 8% ext g loan ’45 -M&S 15 102 6s June 30 1925Putnam (T) 4Ms ’26-46-A & 0 95 % 95% German extl 7s 1949 -A&015 6s April 25 19264 Ms Water 1925-’27--F & A 5 ______ Greek Govt s f 7s 1964 M&N 4Ms Water 1928 & ‘30-F&A 86 M 86 % 5 ______ Haiti (Rep) 6% E x’52 A . A&O 95 Stamford (C) 4s 1942.—M&N 95 M — Hungary (Kingdom of)— 2 ______ Stamford (T) 4Ms ’26-’45 J&J J ______ S f g 7 Ms 1944 int rets-F&A *4Ms School 1926-29-M&N b 3.80 to 3.50 89 M 90 — 5 ______ Industrial Bank of Japan— *4Ms School 1930-39-M&N 3.85% J ______ 99% 6% notes 1927_____F&A15 *4Ms School 1940-65-M&N 99 M — 3.90% s ______ Industrial M tge Bk of Finland Stonington 4 Ms 28&’33-A & 0 — s 95 1st M coll 7s July 1 1944_ _ ♦Stratford 6s 1925- 3 1 --M &S b 4.10 to 3.95 — Halifax N S 4s July 1945Italian Government— Torrington *5Ms ’30-’35-J&J b 4.10 to 3.95 539 % 5% Int 1926-1941_____J&J u$39 J -. --. ♦5 Ms Fund 1936-'41_ J&J b 4.10 to 3.95 _ 40% — 5% Treasury notes 1925_ / 39% _ •Wallingford (Town) 4 Ms > ... ) ______ 4s Elec L & P 1941. Japanese Government— 1933, ’38. '43, ‘48. ’53_____ 64 4s £ ’54 opt ’ 10--J30 & D31 l 62 -jachine P Q 5s 1954-. Waterbury 3 Ms Sch’26-32 J&J b 4.15 to 4.05 ) .. . I ______ Maisonneuve Q 5 Ms ’3 4s £ Jan ’31 opt aft’21 J&J c 83 M 83 M _ 4s Park July ’25-’58_ J&J b 4.15 to 4.05 ! S f 6 Ms 1954 temp_ F&A _ 93 V s 93 M — 4 Ms City Hall ’25-'63--J&J b 4.15 to 4.05 Manitoba (Province of)— Oriental Devel Co, Ltd— *4Ms Water ’49-’93_ J&J b 4.15 to 4.05 _ . Ext 6s 1953_______ M&S 86 % 80% 4 Ms 1934-1964___________ b 4.15 to 4.05 Mortgage Bank of Denmark .. 4 Ms Water 1930-44--J&J15 b 4.05 to 3.90 J 99 Extl s f 6s 1970 . .M&S 99 M 4Ms 1946-1953_____J&J 15 4 4.15 to 3.90 Newfound 6 Ms ’36. J&D30 107 M 108 % 4Ms M ay 1 4 Ms Water 1935-’64 ---J & J b 4.05 to 4% [ ______ 5Ms 1939, 1942 & 1943____ 101M 102 % 5.30 *4Ms 1925-1934_____J&J15 b 4.15 to 4.05 I ______ 4s drainage July 1 '29. Netherl’ds 6s '72 (.flat). M&S /106M 106 M West Hartf’d 4Ms 1943..J&D 101 ______ West Haven Union S D — sl06M S106M [ _____ Ext 6s 1954__________ A&O 104 % 104 M 4Ms M ay 1 1927-’ 56--M &N Norway 8% ext 1940 ..A & O 111 DELAWARE. 4 Ms M ay 1954H IM ______ Extl s f 6s 1943___ F&A 15 101M 101M 3s Dec 1 1927 opt 1902---J&D Extl s f 6s 1944 int c tf. .F&A 101 101 % 4Ms '60 opt any date 105. J&J 104 M 105 M r 4Ms 1961 opt ’22 at 105--J&J 104M 105M 6s Ext Oct 15 1952.A&015 101 M 101M Panama Rep) ext5Ms’53.J&D 103 % 104 Dover Spec S D 5s ’26-’46 A&O Peru (Repub) 8s 1932.. J&D 100 100 % Kent Co 4Ms 1945-1950-M&S ______ Poland (Rep of) 6s 1940-A&O NewCastleCo 4 Ms ’26-’34J&D b 4.10 to 4% 69 M 70 M 1 ______ Extl s f 8s 1950_______ J&J 89 % 90 5Ms 1925-1928............... J&J b 4% to 3.75 ______ Queensland (State of)Australia lia— 5Ms 1936-1944............... J&J ______ Sussex County— Ext 7s Oct 1 1941-. .A&O 112 112M ____ 105 to 106M Ext g 6s Feb 15 1947 F&A15 104 105 5s ’31-’70 opt ’32 at 105. . . ______ North Vancouver 5s '60Rio Grande Do Sul (State) Wilm’gton— 4Ms ’28-’37-A & 0 6 4.10 to 4% ______ _____ { Brazil ext s f 8s Oct 1946 . 96 4 MsBldg— Con’53-‘62 M&S 96 M 12 14 Russian 6Ms June 18 ’ 19.J&J 5s 1947-’49........ A&O — i ______ s 14 5M % Ext Ln Dec ’2 1 .-J&D FLO RIDA. Salvador (Republic of)— 1st 1 s f 8s 1948 ser A ..J & J 104 104 % Dade Co 5s Oct 1947-’54. San Paulo (Brazil) State of— Duval Co 5M s’32 op’ 12 M&N 100 _____ 8% external loan 1936-J&J 101M 102 5s Armory 1944_______ J&J ______ Everglades Drainage Dist— E xt’l 8s 1950 . - - - ..J & J 9JM 99 M ........... 7s ’46 (per 1,000 milreis)_ /5100 5125 _ 101 6s 1926-1935_________ M&N 99 —______ Seine, Dep of (France)— 6s 1933 to 1941..............-J&J 106 109 ______ Ext g 7s 1942_________ J&J 89 89 % 5% 5Ms 1931-1948________ J&J 65 M% Serbs Croats & Slov (King of) 98 Hamilton Co 5s Feb 7 ’48____ b 4% to 4.85 88 % 8 8 % Ext 8s 1962 _______ M&N Hernando Co 5s 1944____J&J 98 b 4% to 4.95 Swedish 6s 1939-- ..J& D 15 103% 104 Jacksonville 5s Jan 1 ’36-J&J b 4% to 4.80 5Ms external 1954. .M &N 101 io i % 4Ms Feb 1937________ F&A b 4.50 to 4% ____ Jacksonv S D No 1 5s Apr '45 Switzerland— 5M sl929 -F&A 101M 1 0 2 % Key West 5s 1942_______ J&J 100 5Ms External 1946 ..A & O 103M 104 Quebec City 3) 5s Extl Aug 1 1926_ F&A 100M 100M _ Miami 5s 1925-1944_____J&J 4.50 ______ S F gold 8s 1940______J&J 114 115 4Ms Munic Im p’26-’55M&S 100 M ........... U S of Mexico 6s A 1933 _ f . . . . _ 6s School 1940_______ J&D 5s g Ext L ’n 1945 £ -Q-Jan f 37M Orange County 5s 1944--J&J 100 38 M / ____ Saskatchewan (Province)— Pensacola 4Ms ref 1941_A&O / .--5s 1943 (non-call)--J&D1 5s Internal 1894 ___ 6% School 1926-1951--J&J South Vancouver, B C— 23 4s gold 1954__________ J&D / 22 Polk Co 5s Road ’25-’40--J& J 27 b 5.65 to 5.35 Assent 4s June 24 coup on / 26 St Augustine 5s 1955_____J&J 24 4s Ext 1910 July 24 coup on / 23 St Petersburg 5 Ms 1949--J&J b 4% to 4.85 Treasury notes 6s ext 1933— b 4% to 4.85 5Ms June 1954_______ J&D July 1924 coup on . .J&J / 39 M 40 Tampa 5s June ’55 op '25 J&J ______ 3s Internal silver__________ f 6 6M 5s Mun Imp '62 op'32 J&D ____ 5s Internal silver. _____ 5s W W Purch ’25-72-F& A 8M / 8 Uruguay 8s ext 1946_ F&A 109M 109 M — _ ______ FOREIGN GOVTS. ______ FOREIGN CITIES, &c. Argentine Repub— 7s ’27 F&A 102 M 102 M ........... Internal 5s o f ’09-’4 5 --M&S 87 87 M ______ Bergen, Norway, 8s ’45.M &N 113 114M 4s £ loan o f 1897______A&O !/$69M 570 M 25-yr s f 6s temp 1949.A&0 Ext 6s o f '23 1957 A ..M & S 96 98 M 99 96M —______ Berne (City) Switzerland— 1st g 6s 1958 Ser B ____J&D 96 M 96 M ______ 109 % S f 8s 1945__________ M&N 109 Austrian Govt s f 7d ’43-J&D 98 M 98 M s 95 Bogota (City) extl 8s ’4 5 .A&O Beig Govt 7Ms yly to '45 J&D 109 109 M ______ ...........^ Bordeaux (City) 6s '3 4 .-M&N 84% E x t l s f 6s 19 55--...........J&J 85 M — 86 M 87 ______ ...........< Buenos Aires, Argentine R ep. 8% Extl s f bds 1941--F&A 107M 107M ______ i Guar 5s of 1909-1946 £.J&J pf 83% 94 Extl 6Ms int rets ’49--M & S 85M 94 M Bolivia(Rep)Ext 8s ’47-M&N Exten 6Ms 1955 - - - -J&J 97 M 97% 95 95M GE OR GIA Carlsbad (City) s f 8s ’5 4 .J&J 98 M 99 98 Brazil 8% ext 1941_____J&D 98 M Christiania (Nor) 8s 1945 A&O 110M 110M 7s Cent R y elec 1952.-J&D 82 M 83 ______ £ 30-yr s f 6s int ctf ’54- -M &S 100 100M S f 7Ms (coff.sec.’22) 1952.. /105M 106 M c ___ 85 Copenhagen 4s of 1901-M &N ! 81 5s o f 1895-................. ............ ' 52 M 53 M b 3.85 to 3.50 ^ 5 Ms Munic Ext '4 4 .-J&J 5s o f 1913......... ...................... 99 M 99 % 52 M 51M Albany— 5s 1945_______ J&Danish Cons Municipal Loan 4M s o f 1883...............- .......... 49 50 ______ 4 _ _ Athens— IMs June 30 19438% s f ext ’46 ser A ..F & A 109 % 110 4Ms o f 1888........................... 46M 47 M 4s o f 1900-................. - .......... 42 M 43 M 109 M 110 Havana— 1st 6s 1939___ Q-J 98 108 4s o f 1910-............................. 41M 41M 2d 6s__________________ Q-J 90 105 4s o f 1898_____ _____ ______ 41 M 42 M Lyons (City) 6s 1934--M&N British— Cons 2 Ms op ’23 Q-J 56 M 84M 85M Marseilles (City) 6s '34.M&N 85 85% 4 Ms War Loan ’25-’45 J&D 95 % Medellin (Munic) (Columbia) 5Ms f Feb 1 1937_____F&A 107% 107 M External 8s 1948 A&O 98 5Ms g conv Aug 1929-.A&A 117M 118 98 M 94 M ontev’o(City) s f 7s '5 2 .J&D 95 --6 Basis, c Basis $5 to the £ . /F la t price. ,1 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, y Per £200. * Tax-free in Conn, z Peg £300 bona. 50 [V ol. 120, STATE AND MUNICIPAL BONDS B onds. Atlanta— 4Ms Jan 1 1940. J&J 4 Ms Sewer 1926 1940--J&J 3Ms July 1 ’31 & ’3 3 --J&J Augusta— 4 Ms Flood Prot '42--M & N 4s refunding 1934___ J&J 3 Ms April 1930_____ A&O Bibb C o 4 H s 1948-49--M & N Clarke Co 5s 1926-41------J&J Columbus— 5s 1925-44— J&J 4 Ms Refunding 1939--J&J Dougherty Co— 5s School 1926-1948--M&S Macon— 4 Ms Oct 1926— Q-J 4Ms W W 1925-36____J&J 4s Pav & Sew '25 to ’39-J&J Pulaski Co 5s 1932-48____J&J Rome 4 Ms 1926------------- J&J 4s Munic bldg 1926-39. A&O Savannah— 4 Ms ref 1943-J&J 4 Ms Drainage 1944_ F&A _ 4Ms Refunding 1959--F&A Spalding Co— 5s 1925-30-J&D Swainsboro 6s 1925-50--A&O Valdosta 5s 1926-42---------Jan Ware Co 5s Sch 1926-31.-J&J 5s Road 1932-1949____J&J Watkins S D 6s 1931-50.M&N Woodbury 6s 1927-49— J&D Bid. To Ask. Net. B onds. Bid. To Ask. Net. 4.05 Des Moines— b 4.05 to 3.50 % 5s Municip 1925-1957--J&J b 4.15 to 4% 4 4Ms 1926-1931............. M&N 6 4.05 to 4% 4M s W W 1932-42____J&D 4.10 4.10 4 4s City Hall 1925-26---J&J 4.05 4.10 6s Gen Oblig 1931-40--J&J 4.05 Des M Ind S D 4Ms ’3 2 --J&J 4.10 4.20 4.10 4Ms 1944_______ _____ ____ 4.30 Dubuque Co 4Ms ’25-’31-J&J 4.10 4.30 Fort Dodge 5s Fund ’3 9 .-A&O 4.15 4.25 Ft Madison 5s 1925-26---J&J 4 4 Fremont Co 5s 1925-35--J&J 4.35 Greene Co 5s 1925______ A&O 4 3.50 Jackson Co 5s 1925-30--A&O 6 4.15 to 4% b 4.10 to 3.50 % Marshalltown Ind S D — b 4 05 to 3.50 % 5s City Hall 1925-39--M&N 6 4.10 to 4% 4.50 Marshalltown— 4 4 4 Ms Water 1925 & ’26-A&O b 4.20 to 4.40 % 4 Ms Water 1929-42_ A&O _ 4.05 4.05 4Ms Water 1943&’4 4 --A & 0 4.10 4.05 Ottumwa 4 Ms June 19364.10 4.05 Polk Co 4 Ms 2 5 -3 2 -.A & 0 1 5 6 4.10 to 4% 6 4.30 to 4.00 % 5s Funding 1925-35____J&J 6 4.15 to 4% 6 4.80 to 4.25 % Sioux City—• 6 4.30 to 4.00 % 4.20 6s ParkAugl5 35-’45F&Al5 6 4.30 to 4 00 % 4.20 6s R ef Aug 15 1940--F&A15 4.35 5s Fire Fund 1925-33--J&J 6 4.15 to 4% 4.90 5s Police Fund ’25-'33-M&N 6 4.15 to 4% 4.90 Sioux City S D 5s 1941_ J&J 4.10 _ Waterloo— IDAHO 4.10 4Ms W W Jan 15 '3 0 --.J & J 4.10 W oodbury Co 5s ’26-’32—J&J 6 4.10 to 4% 5Ms Impt 1941________ A&O 4.10 6s Highway 1941-------------J&J 4.10 4Ms Cap Bldg 1930-39— J&J KANSAS. 4.10 4Ms 1925-1933-................. J&J 4Ms M ay 1 1932 opt 1921. J&J 4 4.10 4 Ms Soldiers Compen '34-’52 4Ms Highway ’35 opt ’25..J&J 4 4.10 Atchison Co— 4Ms Highw ’37 op '27------J&J 4.10 4M s R ef 1927-1928_____A&O 4.10 4s Refund ’29 op T 4 _ J&J _ 4M s Ref 1929-1945_____A&O 4.05 Emporia— 4.30 4.15 4s Jan 1 1934 op 1924___ J&J 4 Ms Dec ’29 op ’ 19_ F&A _ 4.50 Blaine Co 5s Feb ’26-’31.J&J 4M Emporia SD 4Ms 32op’22 J&J BoiseC’y S D 5 s ’25 op ’ 15M&N 4.50 4% Ft Scott 4M s ’35 op ’ 10--M&S 4.75 Galena— 6s July 1 1940________ J&J 5s W W 1926-1943____J&D 6 4.30 to 4% ILLINOIS 4.20 Hutchinson— 5s 1931____A&O 4Ms Serv Comp 1925-43-F&A 4% to 344 4.20 4 Ms Pub Bldg ’61 op ’31 J&J 4% to 344 4M s Aug 1 1930-38--------F&A Kansas City— 4.15 4s M ay 1 1926-1935------ M&N 3.95 to 344 5s Feb 1 1942............ --F & A 4s Highway 1929-1940--May 3.95 to 3 44 4.15 4Ms Wat & Light 1944-J&J 4.05 4s Highway 1926-1928.-May 3.95 to 3 44 4 Ms Sch Bldg 1929____J&J 4s Highway 1941-1943.-M ay 3.95 to 344 4.15 4 Ms Wat Plant Pur '39 J&J 4.05 4s Highway 1945-1954.-M&S 4Ms Refg Feb 1 ’ 2 9 --.F & A 101 4.15 Champaign County— 4Ms Imp July 18 ’4 9 --J&J 5s Road 1926-1943--M&N 4.05 to 4% Board o f Education— Chicago 4s 1926 to 1927--J&J 4M s 1926-1953.........F&A 6 4.15 to 4% 3M to 344 % 4 4s 1928 to 1935_______ J&J 4Ms 1926-1953______ J&J 6 4.15 to 4% 4 4s Jan 1930 & 1931____J&J Sch Dist 4 Ms 1929-54--J&J 6 4.15 to 4% 4 4s Jan 1937-1939..........J&J Sedgwick County— 5 4% to 344 % 4s Jan 1926-1941_____ J&J 5s Fund 1925 op 1915--J&J 4.50 No W Pk 4Ms 1925-27-J&J 4Ms Brge Oct ’27op’ 17-J&J 3M to 4% 4% to 344 % N o W P k 4 M s 1925-28. J&J Topeka— 4 W Chic Pk 4s 1925-27-J&J 3 M to 344 % 5s Top Wat Sept '26_ J&J _ 4% to 3M % 4M s 1925-1933_______ F&A 6 4.20 to 4.10 % W Chic Pk 5s 1925-27--J&J 4 Chicago Sanitary District— 4 Ms Elec Light 1929_ J&J _ 5 4Ms July 1 1925-26— J&J 3M Wichita 5s 1929 op 1919--J&J Wyandotte County—■ 4% to 344 % 4s Sept 1925-1931------M&S 4.15 4 Ms Bridge ’32 to ’4 1 --F&A 4% to 344 4s 1925-1942.................J&J Cook Co— 4s 1925______ M&S 3M KEN TU CK Y. 4 Ms 1926-1940______ A&O 4.05 to 344 % Ashland— 4Ms For Pres ’25-43-J&J15 4.05 to 344 % 4.50 5s Sew impt ’32 & ’3 7 --M&S 4s Ser K 1926-1931.-.J&D 4% to 344 % 4.50 4M s S I ’42, '47, ’52---M & S 4% to 344 % 4s Ser M 1926-1933. - -J&D Bell County— 4s Forest Pres ’26-’34_A&0 4% to 344 % 6s Ct H Dec 15 ’38--J&D15 East St Louis— 4.10 Covington— 444s ref Sept 1 ’28------Sept 4M 6s W W Jan 15 ’26-’36 J&J15 Elgin Sanitary Dist— 4X 6s W W Jan 15 ’26-’31 J&J15 5s 1926-1944________ M&N 4.30 to 4.15 % 4M 6s W W Janl5 ’32-’61 J&J15 4 Joliet—5s 1925________ M&S 4M 4 Ms Funding 1925-48-F&A Moline 444s 1925-1932-..J&J '4.05 to 4% 4M Springfield Sanitary District— 4M s W W 1925-1951--J&J 4M 4s Water 1927________ J&J 444s 1926-1944_______ J&D 4.05 to 4% 4M 4s Fundg 1952 op '4 2 --F&A 4.50 INDIANA (see footnote o) Frankfort 4 Ms '27 opt ’ 17-J&J CassTJounty— Harlan County— 4.40 5s Rd & Bldg 1926____M&S o4s Bridge 1925-33.M&N15 4.30 Lexington 4s 1945______F&A oEvansville— 4s R ef 1932-J&J Lexington S D 5s 1938_ J&D _ o4s Ref 1942__________ J&J Louisville— oFloyd Co 4s 1926-30---J&J ob. 5s School 1962________ A&O 114 oFort Wayne Sch D 5s 1933 oFranklin Co 4s ’26-’30--J& D ob. 4Ms Hospital 1951____M&S 106 M 4Ms School Impt 1954-A&0 104 oGary Sch City 4 Ms Oct 1943. 4s M uniclmp D ecl ’28 Q-M 99 oHendricks County— 98 4s C H Jan 15 ’26-’32. J&J15 ob. 4s Park 1930_________ J&J Indianapolis— 4s Refdg July 1 1937_ J&J _ 98 4 4s Sewer 1947________ F&A 05 44s Track Elev ’31-’47 J&J 99 M 4s Louisv W Co 1946--J&J 97 M 98 M 4 4s Park Imp Jan 1 ’2 7 --J&J 4s Louisv W Co 1950--F&A 4 o4s Fire Dept J’ne 1 ’41 J&J 97 M 98 M 102 3.90 4s Sewer 1965________ F&A 4 o4Ms Sch J’ne 15 '40J&D15 3 Ms gold refg 1940--M&N 93 o444s 1926-1955_______ J&J b 4% to 3.50 % 93 4 3Ms Refunding 1943--J&J o344s Hospital 1936— J&J 3s Sewer & Park 1941--J&J 84 4 o344s City Hall 1939.-J&J McCracken County— 4 olndianap S D 4s 1925-26-J&J 5 5s R ef 1933 opt 1913--M&S 4 o4s Bldg Sept 1 1946— J&J 5 4 5s R ef 1933 opt 1923--M&S o344s July 1 1941--------- J&J 4.40 4 Owensboro— 4s 31 op ’ l l J&J o5s Oct 20 1925-39-A&O20 4.40 Jeffersonville 3 44s '25-M &N 4 4s Street 1930 op 1915--J&J oKokomo 4s 1926-1931.-M&S 4 LOUISIANA. 4 oLa Porte Co 5s ’26-’28--J& D 5s Port Comm’n '26-’ 54-A & 0 6 4.40 to 4% 4 oLoganspt 3 44s '26 op ’ 16. J&J 5s Port Comm’n ’25-’ 59—J&J 6 4.20 to 4% 0444s Sch H ’26-’37.J&D15 4 Marion Co— 4s Ref ’27--J& D 3.90 5s Port Comm’n ’26-’55--J& D 6 4.40 to 4% 4.20 4Ms R ef 1925-1964_____F&A 4 ©Richmond— 4s 1927------M&S 4Ms Port Comm’n ’26-’57M&S 6 4.40 to 4% oSt Joseph County— _ 3.75 Alexandria 5s 1925-52_ F&A 6 4.55 to 4% o344s 1 9 2 6 --................ F&A 3.75 Atchafalaya Levee Dist— oSouth Bend— 4s 1925— J&J o4Ms W W N ov ’43—M&N 6 4.15 4.05% 5s Sept 1932-1972--M&S15 100 5s Dist ref & imp ’49--M & S 100 o4Ms W W Dec '43_ J&D 6 4.15 4.05% _ Bossier District Levee— o544s 1931..................... M&S 6 4.15 to 4% 5s 1954-----------------------A&O 100 o544s 1941------------------M&S 6 4.15 to 4% South Bend School District— Caddo District Levee— o4s Apr 17 1925-1927--F&A ob___ 3.75 5s 1951 opt 1941______ J&J 100 3.75 Caddo Parisn S D No 1— Terre Haute— 4s 1927_ A&O _ 4 5s School 1929-1943- —J&J 6 4.40 to 4.30 o4s Sewer 1930_______ F&A 4 Fifth District Levee— oTerre H Sch C 4s ’25-’31 M&S ob. oVigoCo 4 44 Dec 16’25-’27 J&D 99 3.75 5s 1950 opt 1940........... J&J 99 5s 1952 opt 1942______ J&J INDIAN T E R R IT O R Y (See Oklah oma) 5s Oct 15 1962 op ’ 5 2 --A&O 99 M 5s Oct 15 1963______ A&015 99 M IOW A 5s 1957-1967_______ A&015 99 M 4 4 Ms 1927-1929------------ .J&D 5s 1959-1969............. F&A15 99 M 4 Lafourche Basin Levee— 4Ms 1932-1933------------ -J&D 4 444s 1934-1940________ -J&D 5s Jan 1954 opt 1944_ J&J 102M _ 4.15 Lake Borgne Dist Levee— Boone 444s 1926-31.— .M&N 4.10 Burlington 444s ’25-’33. M&N 5s Dec 1952 opt 1942--J&D Council Bluffs— 4 444s Wat Wks ’26-’30 .M&N 4 Crawford Co 5s ’25-’29. M&N Cushing 5s School 1939- M&N 4.20 Davenport 4s 1925-29.. M&N 4 Davenport S D 444s '25 J&J 3M To Ask. Net. B onds. New Orleans 5s Premium J&J 5s Premium (dr num)_.J&J 5s 1925-1929................-A&O 99 5s Oct 1927-1932.........A&O 99 5s Pub Belt RR '39-’49-J&J 5s Pub Belt 1950-59_ J&D _ 4 Ms Paving 1926-33_ J&J _ 4M s 1956-1966...........—J&J 4s Floating debt 1948-A&0 4s Constitutional 1942-J&J 97 97 X 4s Public Impt 1950 opt 1942 (old issue)_____ J&J 96 % 4s Pub Impt '42 opt '28.J&J 96 % Orleans District— 5s July 1930-1939.........J&J 5s July 1940-1949.........J&J 5s July 1950-1959.........J&J Plaquemine Parish E Bank— 5s Oct 1952 opt 1942—A&O Pontchartrain District— D 6s 1944__________ M&N 112 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 F&A 5s 1932-1936.......... 5s 1937-1961................F & A 4Ms W W & Sew’25-’54-J&J b 4.35 to 4% Tensas Basin Levee District— 5s Jan 1957____________J&J MAINE 5Ms Bonus Fund ’25-’30-J&D 4.45 to 4% 4% to 3.95 5s Hway & Bdge '26-’54-A & 0 4% to 3.95 4s Sept 1 1925-1953____M&S 4% to 3.95 4s Highway 1926-1936---M & S 4% to 3.95 4s April 1928-31 tax-ex—A&O 4% to 3.95 4s State Pier 1933-1942.-M&S 99 Auburn— 3 Ms 1925______ J&J 4s 1935 & 1940 tax-ex —J&J 99 100 Augusta 4s 1926-45_____ Bangor— 4s Ref Wat ’35 (taxable) .J&J 99 4s Fund 1925-30 tax-ex.J&J 98 Bath 4s R ef 1941 tax-ex. J&D Biddeford 4s 1926-35- —M&N 98 M Gardiner Water District— 4s 1934 (taxable)_______ J&J 97 Kennebec Water District— 98 % 4s Refunding M ay 1 1953 99 H Kittery Water District—• 5s Jan 1926 to 1938____J&J 99 Lewiston 4s g Oct 1927--A&O Portland— 100 99 4s Aug 1 1929 tax-ex.-F& A 100 99 4s C H ’26-’45 tax-ex. A&O 100 99 4s High Sch 1936 tax-exem. Portland Bridge Dist (taxable) 3Ms July 1925 to 1939.M&S b 4.15 to 4% Portland Water District— 99 4s Funding 1928______ J&D 99 M 97 Saco 4s April 1939______ A&O Washington Co 4s 1928.-J&J 97 Waterville— 4s g July 1 1927— 97 3 Ms Sept 1935_______ M&S M ARYLAND 4Ms Aug 15 1925-33—F&A15 4s 1926 to 1928______________ 4s 1928 opt 1923........... —J&J 4s Jan 1 1929____________J&J 3 Ms 1925-1928__________ F&A 4s Roads 1926-1930_____F&A 4Ms Roads 1925 to 1928 Annapolis 4Ms W W ’42-A & 0 Baltimore— 5s 1926-1946__________M&S 5s 1926-1961_________ A&O 4 Ms Mar 1 1926-55— -M&S 4Ms Mar 1 1955_____M&S 4s Water 1926_______ M&N 4s Aug 1 1951________ F&A 4s Annex 1954________ J&D 4s Parks 1955________ M&N 4s Mar 1 1961............... M&S 4s Aug 1 1961-------------F&A 3 Ms July 1 1930-...........J&Ji 3 Ms Impt 1940_______ J&J! 3 Ms Mar 1945_______ M&S 3 Ms Refunding 1952_ J&J _ 3 Ms Sewage Impt '80-A&O 3 Ms Jan 1 1927_______ J&J Cumber’d 4Ms W W ’41-A & 0 Hagerstown—5s Water 1938-1987—-A&O 4Ms 1936-1986----------- A&O Washington Sub San Dist— 4 Ms Sewer g 1973_____J&J 5s 1969______________ M ASSACHUSETTS 4s 1925-52 (tax-exempt) — Var 3 Ms gold July 1 1935___ J&J 3 Ms 1956 ref (tax-exem).J&J 3Ms 1937 reg (tax-exem). J&J 3Ms Water 1942________ J&J 3Ms gold July 1944_____M&S 3s April 1 1929_________ A&O 3s gold M ay 1929______ M&N 3s Met Sewerage 1936— -M&S 3s gold July 1 1939______ J&J 3s gold Water Jan 1 1941-J&J Attleborough— 3 Ms March 1935_____M&S Beverley 4s 1925-1936_ A&O _ Boston—• 4 Ms Tun 1960 tax-ex.A&O 4s July 1936__________ J&J 4s Apr ’26-’37 (tax-ex).A&O 4s 1925-1939 (tax-ex). -J&J 4s Tunnel & Sub 1948-J&D 4s Sub 1957 tax-ex____A&O 4s Sub 1958 tax-ex____J&J 4s Tub & Sub’59 tax-ex.J&J 3 Ms June 1 1932_____J&D 3Ms June 1 1934_____J&D 3 Ms July 1 1935-------- J&J 3 Ms June 1 1943_____J&D 3Ms June 1 1944— _ J&D _ 3 Ms July 1 1945_____ J&J Brockton 4s M ay 1927--M&N 3 Ms Water 1932_____M&N 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.10 to to to to to to to to 4.20 4.30 4.35 4.35 4.25 % 4.30 4.40 4.50 3.90 3.90 3.90 3.90 3.90 3.90 3.90 4% 4.10 to 4% 4.10 to 4% 4.15 to 4.65 4.15 to 4.05 4% to 3.90 9-<M 99 98 M 99 98 % 99 98 % 99 99 98 H 4% to 3.90 4% to 3.90 4% to 3.90 4% to 3.90 85 M 92 4.15 4.15 4.15 4.30 to 4.20 4.40 to 4.30 103 95M 96 M 97 M 93 M 93 M 96 96 90 M 89 M 88 94 V s 98 % 106 M 98 % 100 H 100 M 98 101M 101M 101M 95 V s 95 94 92 91 H 91 V s 99 M 95 V s b Basis. /F la t 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. J une, 1925.] Bonds Cambridge— 3 Ms M ay 1 ’45 (reg)_M&N 3s Bridge 1941_______ F&A Chelsea— 4s Park 1936. -A&O 4s Oct 1925 (reg)_____A&O Everett— 4s Sewer 1929- -M&S Fall River— 4s June 1 1927 (reg)_ J&D _ 3Ms Water Feb 1930-.F& A Fitchburg— 3Ms Water 1926_______ J&J ■Gardner— 4s Water 1926-1934--M&N Gloucester— 3 Ms Water ’25 to ’3 1 --A&O Haverhill— 4s 1927______ J&D Holyoke— 4s gold 1927_ J&J _ 3 Ms Dec 1925-1932-.-J&D Leominster— 4s g 1925--A & 0 Lynn— 4s July 1927_____J&J 4s July 1 1925 (reg)--J& J 3 Ms April 1 1932_____A&O Marlborough 4s July ’2 6 --J&J Medford 4s Feb 1930____F&A 5s Apr 1 1926-28 tax-exempt Milton 3Ms 1925 to 1932-F&A New Bedford 4s 1926_ A&O _ 4s Sewer 1926-41 (taxexempt)------------------M&N N ewburyport— 3 Ms Water ’25 to ’3 4 --J&D F&A Newton 4s 1935...... 3 Ms Water Dec 1926--J&D N orthampton— 3 Ms g 1925 to 1926____J&J Pittsfield— 4 Ms 1925-30 (tax-exempt). Quincy 3Ms ’26 to ’39_ A&O _ Tax exempt_______________ Salem 4s Jan 1 ’32-’54 tax-ex. Springfield 3 Ms 1935___ J&J 3s Sewer 1930________ J&D Taunton— 4s 1927______ J&D 3 Ms Sewer Dec 1 ’3 0 --J&D Wakefield 4s 1925-33---A & O Watertown— 4s 1925-34.-J&J 3Ms 1926 to 1929_____J&J STATE AND MUNICIPAL BONDS To Ask. Net. Bid. 91 V s 86 M 98 V s 99 M 99 M 99 M 96 M 99 98 H 97 V s 99 M 99M 97 M 99 M 99 M 99 V s 95 V s 99 M 98 M 101 V s 97 M 99M 101M 97 98 V s 99 99 M 100M 97 M 102 94 V s 94 M 99M 96 M 99 M 99 98 M M EXICO See Foreign Govts, page 49. MICHIGAN (See footnote o 4.20 4.15 4.15 4.10 4.05 4.05 4 5Ms Highway 1941_____J&D 4.10 to 4% to 4% 4.15 to 4% to 5% I 0 0 1 4.20 to 4.20 % 4.35 to 4% 4.35 to 4% 4 4.20 4.20 4.15 4.15 4.15 4 4.10 4.10 4.20 4.20 to 4% to 4% to 4% to 4% to 4% to 4% to 4% to 4*15 to 4% to 4% Bid. % 51 B onds. Bid. M ICHIGAN (Concluded)— St Louis (Concluded)— Sault Ste Marie 4s 1932.-J&J 4.15 4s Public Bldg 19 29---A&O b 4.05 Wayne County— 4s W W Renew ’31___M&N 6 4 05 4 Ms bldg&bdge ’25-'39M&N b 4.10 to 4% 4s School 1937............... J&J b 4.10 Wyandotte 4Ms 1934_ J&D _ 4.20 4s School 1938________ J&J b 4.10 3.65s Ren June ’26-’27-J&D b 4.05 Springfield 5s ’32 op ’ 17.J&D MINNESOTA MONTANA 4.10 4Ms July 15 1943.......... J&J15 5Ms Educational 1941_ J&J b 4.30 4 Ms Dec 1 1939...............J&D 101M 102 M _ Beltrami County— 4 Ms Educational 1944_ J&J b 4.20 _ 5.50 Billings 5s 1934 op 1929--J&J 5 Ms Ditch 1925-34_ J&D _ 6s Road 1930__________ 5.25 Butte 5s 1926-1936______ J&J b 5% 4.75 Brainerd 5s N ov 1925-1929 6s 1941_______ J&J 4.15 Daniels Co 6s 1933-1942-.. Duluth— 5s g Wat & Lt ’26J&J b 5.25 4.15 Great Falls— 4 Ms g July 1 1926_____J&J 4s g Water & Light ’28-A&0 4.15 5 Ms Sewer '35 to '39- -J&J 4.15 Helena 5s 1931 opt 1916.J&J 4s Water & Light 1936-A&0 Duluth Ind School Dist— Kalispell 5s 1933________ J&J 4.20 Lincoln Co 5s '32 op ’27-_J&J 5Ms 1936, 1938, 1940-A&O 4.15 4 Ms Feb 1 ’40 op ’3 0 --F&A 5s Fund Mar ’31 op ’21 .J&J 4.15 Phillips Co— 4s 1934 opt 1924.........-A&O Hennepin County— 5s R ef Dec '35 op ’3 3 .-J&J 6s Bridge 1926-40___ M&N b 4 .30 to 4.15 % 5Ms Bridge 1926-40--M&N b 4.30 to 4.15 % NEBRASKA 4 Ms Sanitorium ’28-’42-J&J b 4.20 to 4 05 % Douglas Co— Is ’25-’28-A & 0 4 Ms Hospital ’27-’41-M&N b 4.20 to 4 05 % 5s Highway 1942.........A&O Koochiching Co 5s '26-’33 J&J 56 M% to 6% 5s Highway 1943_____A&O 5Ms Ditch 1926-1935--J&J 56M % to 6% Minneapolis— Grand Isl 4Ms '25 op '10-J&J Kearney 4 Ms 1926-1945-M&S 5s 1925-1928................. J&D b 4.10 to 3.75 5s 1929-1932_________ J&D b 4.20 to 4% Lincoln— 4Ms ’26 to ’29.F&A 5s Hospital July ’35-’44___ 5s 1935, ’36, ’40, ’43, ’45, Lincoln S D— ’46, ’47, ’48, ’49, ’50-J&D b 4.20 to 4.05 4Ms 1929-1953______ M&N b 4.25 5sStIm pM ay2’36-’41 M&N2 b 4.20 to 4.05 Omaha 5Ms 1941______ M&N 4Ms 1926-1935.................... b 4.15 to 4% 4Ms Mar 1926-1937--M&S b 4.15 to 4% 5s 1930, ’35, '40, ’45. ’5 0 -.. 4Ms School 1941_____- ____ b 4.15 to 4% 4M s Refunding 1933..J&J 4s School Jan 1927_____J&J b 4.15 to 3.75 4Ms W W Dec 15 '4 1 ..J&J 4s M ay 1 1927_______ M&N b 4.15 to 3.75 Omaha S D 4Ms 1928...J& J 4s School Jan 1 1935_ J&J b 4.10 to 3.95 _ 4 Ms July 1931________ J&J 4Ms M ay 1 1955_____M&N 4s Improvement 1942-J&D b 4.10 to 3.95 5s 1948_______________ J&D 4s 1944_______________ A&O b 4.10 to 3.95 3 Ms School Jan 1 ’2 9 --J&J b 4.15 to 4% 5Ms M ay 2 1951_____M&N So Omaha S D— 3Ms Water Wks 1932..J&J b 4.15 to 4% Ramsey County— 5s Dec 1929__________ J&D 4 Ms Rd&Bdge ’38-’44 M&N b 4.15 to 4% 4 Ms Rd&Bdge ’33-’37 M&N b 4.15 to 4% NEVADA 4 Ms Rd&Bdge ’26-'43 J&D b 4.15 to 4% 4.25 W ashoeCoSD5s’26to’29.M&S St Louis Co 5s 1925-29..-J&J 4.30 5s Road 1931_________ J&J St P a u l NEW HAMPSHIRE 63 School July 1 1951--J&J b 4.30 to 4.10 % 3 Ms Hospital 1925______ J&J 5s Refg July 2 ’25-’31--J& J b 4.15 to 4% 99 M Berlin— 4s R ef 1925____M&N 4 Ms W W 1925-42. . .A&O b 4.15 to 3.95 % 99 M Concord— 5s School July 1 1951--J&J b 4.20 to 4% 3M s 1925 to 1929.........J&J 4Ms July 1935________ J&J b 4.10 to 3 / 5 % 98 M Dover 3M s 1928-1931--.J&D 96M 4Ms Park June 1 '43--J& D b 4.10 to 3.95 % Manchester— 4Ms Sewer July 1 ’43--J& J b 4.10 to 3.95 % 99 4s 1925-1940 (tax-ex)..F&A 4Ms Water Aug 1 ’43-F&A b 4.10 to 3.95 % 4s 1925-1942 (tax-ex) _ -J&J 98 M 4M sR efg July 2 ’25-’31-J&J b 4.10 to 3.95 % 4s Sewer 1926-1943 (tax4Ms N ov 1 1931__________ b 4.10 to 3.95 % exempt)___________ M&N 4s Ref Mar 1 1939___ M&S b 4.10 to 3.95 % 98 M Pembroke 4s ’26-’34___ F&A 4s Sewerage July 1 1939 J&J b 4.10 to 3.95 % 98 M Portsmouth— 4s March 1 1940______M&S b 4.10 to 3.95 % 4.60 4s R ef Water 1932____J&J South St Paul 5Ms ref ’33-J&J 98M Stratford 5s M ay 1933-1954 109 MISSISSIPPI 0 0 4Ms Highway 1943------- F&A 4 Ms Highway Impt 1937 A&O 4s Highway Impt 1942.-A&O Ann Arbor School District— 4s Sept 19 35--............. A&O Battle Creek—4s City Hall 1927-36..F&A b 4.15 Bay City 4s 1934_______ J&J 5Ms W W 1925-1951.-M & S b 4.50 Bay City Union S D — o6s 1926, 1931, 1936. . .J&J b 4.40 Bessemer 5Ms 1925-49.-F&A b 4.65 Calhoun Co 4 Ms 1926.- A&O Detroit— o6s Pub Serv 1926-29--J&J o6s Pub Serv 1930-51--J&J b 4.50 o5Ms N ov 1 1945----M & N o5Ms Pub Util ’26-’29.J&J b 4.20 o5Ms Pub Util ’30-’51.J&J o5Ms Pub Util ’26-’48.A & 0 6 4.35 5s Pub Impt 1926-29_ J&J _ _ 5s Pub Impt 1930-51_ J&J o5s Jan 15 1936-42--J&J15 o4Ms Pub Lib 1948-J&J15 o4 Ms 1932, 1935-42. J&J15 4Ms 1942-1952______ J&D o4s Aug 15 ’25-'28--F&A15 o4s School 1946______M&N 3 Ms Park 1930_______ M&S oEscanaba 4 Ms 1925-30--J&J b 4.25 oFlint 4 Ms 1925-39____ F&A b 4.20 4Ms 1938-1953............. J&D 4Ms 1925-1954___ M&S15 b 4.20 4 Ms 1926 1937_______ J&D b 4.20 o5s (Mar 15 & Apr 1) ’31-’50 Flint Union School Dist— 5s 1926-1954_________ M&S b 4.20 oGenesee Co 6s 1926-31-M&N b 4.30 Grand Rapids— 5s 1926-1934_________ A&O 4 Ms Flood Protec ’33-M&S 4Ms 1926-1928_______ F&A 4Ms 1929-1930......... ..F & A 4 Ms 1931-1953_______ F&A 4s Water N ov 15 ’29..M & N Highland Park 5s 1928--J&J o4Ms Sept 15 1 9 3 4 ...M&S Jackson 4Ms 1930-47.A&O16 4 Ms Gen Impt ’30-’54-M&N Kalamazoo— o4 Ms Sewer & Impt 1925_____________J&J Kalamazoo S D No 1— o5s School ’25-’30--M &S15 b 4.15 Lansing— o5sImpJuly 15’25-32 J&J15 b 4.10 o5s Sewer 1926-26___ J&D o5s Jan 3 1926-1932..J&J3 b 4.10 o4Ms Jan 3 1930-36--J&J3 „ 4M s 1937-1946_______ J&D Marquette 3 Ms 1926___ J&J Muskegon— 5s 1925____ J&J 4 Ms W -W 1926-44____J&J b 4.20 4s M ay 1 1934_______ M&N Muskegon S D 5s 1942. _.July Muskegon Co 4Ms 1932-.J&J Pontiac— 4Ms '31-’47--.M & S 5 Ms Sewer 1925-1942_____ b 4.40 6s W at Impt 1926-28.J&D 6s W at Impt 1929-35--J&D 6 "4 .3 b" 6s Wat Impt 1936-50--J&D Port Huron 4s 1932_____ J&J Saginaw— 4 Ms Sewer 1925-1933.-J&J b 4.20 4Ms Sewer 1925-1949.F&A b 4.20 B onds. To Ask. Net. 5Ms Impt 1926-1930___ M&S b 3.75 5Ms Impt 1931-1946___ M&S b 4.20 5Ms April 1929-1934___ A&O 6 4.10 4 Ms 1930-1950______________ b 4.10 4Ms 1925-1934__________ J&J b 4.05 4Ms July 1 1925-1935____J&J b 4.05 4 Ms July 1 1 9 3 6 ---........... J&J 3 Ms Refund Jan 1 1927--J&J 3Ms State 1934 opt 1914-.J&J Biloxi 5Ms 1926-1948_ A&O b 4.75 _ Greenville 5s 1927_____ M&S Jackson 5Ms July 1 1933-J&J 5s Water Aug 1 1928--F&A 5s Water 1930________ F&A 5s June 1 1932________ J&D Jones Co 5s 1926-42_____ M&N Meridian— 5s Dec 1 1939________ J&D 4 Ms School House 1941 J&J Mississippi Levee District—5s M ay 2 1944_______ M&N 5s July 1 1953_________ J&J 4Ms Sept 1934_______ M&S Vicksburg— 5s St Impt 1925-32. - .F&A b 4.40 4 Ms Sewer Dec 1 1928-Dec Yazoo-Miss Delta Levee Dist6s 1947 optional 1917--J&J 5s 1925-1954_________ M&N b 4.80 4Ms July 1949________ J&J 4s 1952 optional 1922--J&J to to to to to to 4.05 4.10 4% 4.05 3.50 3.50 to 4% to 4% 4.05 to 4.25 4 3.90 4 4 4 4.10 M ISSOURI 4.15 4.10 5s March 1930-1936_________ 99 M 102 M 4.10 4s Road 1933-34 Ser D ..M & S Kansas City— 3.80 5s Water Works 1939.-J&J 105 M 4 Ms Sept 1 1930______M&S 100.70 4Ms Mar 1 1933______M&S 101.36 4Ms Water Works 1942-J&J b 4.05 to 3.95 4s Sept 1 1930............. M&S 98.27 4% Kansas City School Dist— 5s July 1941__________ J&J 108 M 4.10 4 Ms July 1 1933_______ J&J 100 55 4.05 4 Ms July 1 1937_______ J&J 101.33 4 4Ms Jan 1943_________ J&J 102 M 4 4s July 1 1927_________ J&J 98.21 4s Building 1932............J&J 97.26 4.15 99 M 3Ms July 1925......... ...J & J 4.20 Little River Drainage Dist— 4.10 5Ms Oct 1925-1944_ A&O b 5.30 to 5.10 _ 4.20 St Joseph 4s 1926...........M&N 99 M 100 St Joseph School District— 4.15 4Ms, 1925, 1930 and 1935 b 4.30 to 4.15 St Louis— % 4.40 4 Ms Bridge-Compl ’35 A&O b 4.05 to 3.90 4.15 4 Ms Public Bldg & Imp 1928-1943___________ J&J b 4.05 to 3.90 4s Insane Asylum '28-A&O b 4.05 to 3.85 4s Pubiic Impt 1928___ J&J b 4.05 to 3.85 To Ask. Net. to to to to to 3.85 3.85 4% 4% 3.75 % 4.15% 4.10% to 4.90 to 5% 4.70 4 %80 4.80 5 5 5 5.10 4.90 4 4.15 4.15 4.25 4.30 4 4.20 to4 % 4.25 4.15 4.05 40 5 4 4.10 4.10 4.15 4.25 4.10 4M NEW JERSEY 4 Ms Road & bdge 1933.-J&J 4.15 4 Ms Road & bdge 1938.-J&J 4.15 4 Ms 1940_______________ J&J 102 M 103 M 4Ms Highway 1954______ J&J 4 Ms 1955_______________J&J 102 M 103M Asbury Park— % 4Ms School Jan 1943..J&J % 4.35 4.05 Atlantic City— 6s 1927--A&O 4.30 3 75 4Ms 1925-1937________ J&J 4.30 4 4M s 1938-1958________ J&J 4.30 4Ms g Water 1926_____ J&J 4.30 4.25 4Ms Paving 1938______ J&J 4.30 4.35 4Ms Jan 1 1945............ J&J 4.30 4.20 4s Water 1930_________ J&J 4.30 4.30 Atlantic Co— 6s R ’d '26_ J&D b 4% 4.30 4 Ms Building 1927-34-M&N 4.05 4.60 4 Ms Building 1935-54-M&N 4.10 Atlantic Highlands— 4.35 4s g Sewer July 1 1928-J&J 5 4.35 Aubud S D 6s’ 25-’4 0 --.A & 0 4-80 Bayonne— 5s Fund 1928-J&J 4.30 4.75 5s Jan 1 1926-1949___ J&J 4.30 4.75 4Ms Funding 1931..---J&D 4.30 4.75 4 Ms Jan 1 1933_______ J&J 4.30 4M s 1925-1953_______ F&A 4.20 4s Floating Debt 1928-J&J 4.30 4.35 Belleville 5s 1934 & '44-M&N 4.30 4 Ms Funding 1945________ 4.30 4.50 Belleville S D 5s ’27-’44.M&N 4.30 Bergen Co 5Ms ’31-’34..J& D % 4.20 4.80 5M® Dec 1 1935-1942..J&D 4.20 4.80 5s Dec 1944__________ J&D 4.20 5s Dec 15 1925-1955.J&D 15 4.20 4Ms 1926-1939_______ A&O 4.20 4Ms Aug 1925-1938_ F&A _ 4.20 4s Court Hse '26-’38 --A & 0 4.20 Camden— 5 M sA u g l 1925-1961..F&A b 4 20 4% 4 Ms School 1943_____A&O b 4.20 4.00% 4M s Water ’26 to ’60.M&N b 4.20 4.00% 4s Paving 1929______M&N b 4.20 Camden Co 4 Ms 1933--F&A b 4.25 to 4.10 4Ms 1935-1957............... J&J b 4.25 to 4.10 % b 4.25 to 4.10 1 4Ms 1926-1964....... F&A 4s 1944_________ J&J b 4.20 4.05 Cape May— 5s 1934____J&D 4.75 4Ms School 1926-1951-M&S 4.75 4Ms 1926-1952____ M&S 4.75 East Orange 4 Ms ’25-’45-F&A 4.10 5s Sewer 1926-1960____J&J 4.10 4s 1934_______________ A&O 4.10 4s Water 1933________ J&D 4.10 3Ms Water 1933______ A&O 4.10 10% Elizabeth— 4 Ms 1955___ J&J 6 4.20 5Ms Dec 1 1925-1946.J&D b 4.20 t.10% 6s June 1 1 9 2 7 -...........J&D 6 4.20 4sl0% Englewood— 4s Sept ’35.M&S 4.75 Essex Co 4 Ms Road '35-.F & A b 4.15 to 4% 4 Ms L ’d Purch ’26-’46-J&J b 4.15 to 4% 4Ms Hospital ’25-’49__F&A b 4.15 to 4% 4Ms Road 1932-1936.-F&A b 4.15 to 4% 4s 1926_______________ F&A 4% to 3.50 4s Hospital 1946_____ F&A b 4.10 to 3 .95 3.65s Park '26 to '35-.F& A b 4.15 to 4% Essex Fells (Boro) 5s July 28 1925-1960_________________ 4.85 Fairview— 5s 1944__________ 4.60 Garfield 5Ms 1929______ M&S 4.50 Hackensack— 4 Ms 1942-F&A 4.30 4Ms Imp 1926-1942____J&J 4.30 % % b Basis. /F la t price, n Nominal, o Tax-exempt; under a law approved March 13 1909, and which went into effect Sept. 1 1909, bonds issued after that date by municipal corporations are tax-exempt and these, accordingly, sell on a better basis. 52 STATE AND MUNICIPAL BONDS B onds. Bid. 3Ms 1 9 3 1 ...............-_M &N _ 5s School 1926-1954_ J&J 5Ms School 1942-1953.A&O 5Ms Dec 1 1 931-1933.-J&D d'xZs 1926 _____J&D 4Ms 1927-30-------------- J&D b 3.95 4Ms 1931-1963-. ---J & D b 4.05 4 s Water 1932 .............A&O T.odV’ fis 1926-1947 ___ J&J SsRnad 1933'________ J&D 3 t^s April 1941_______ A&O 6 s Road 1926-1931 _ J&D _ 4Ms Road 1927-44— F&A2 b 4.15 4 .Up Tmpt. 1926-32____A&Ot 4Ms 1926-1954. 4 3 4.15 -M&S 15 b 4.20 6 Us High Sch Bldg ’44. J&D Us School 1932_ _ -J&J 4Ws 1942 oDt 1922____J&J Morristown 4Ms ’25-’4 2 -- J&D b 4.10 5Ms Oct 15’25 to ’59 A&015 6 4.25 5 « 1925-1958 _______ J&J b 4.20 414s Dock 1959___ -F&A b 4.10 b 4.10 b 4.10 4s Sch House 1959 opt 1949 6 4.10 6 4 10 3Ms 1929________ ..J & D b 4.10 b 4.15 6 4.25 New Brunswick— . . "gs School 1925-29____M&S 4visRefunding 1944- -M&N 5 1 ^ « 1 Q27-1934 ____M&N 514s 1935-1959 ------ M&N 414s 1933 to 1944------M&N F«h 1 1945_____F&A 4s N C Hall 1925 to ’32-J&J Ms Water 1927-29--M&S2 4»^s Water 1930-34--M&S2 4 Ms Water 1935-64 -M&S2 4 b 4.15 b 4.30 b 4.30 6 4.30 b 4.80 6 4.30 6 4.15 Plainfield— 4s 1926 to ’34.J&D 4 Ms 1925-1962 v a rio u s-.-- 6 4.20 Ask. To Net. 4.30 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 3.50 to 3.90 % x) 4% 4.05 4.05 4.85 4.50 4.50 4.50 4.5Q 4.50 4.50 4.60 4.75 4.15 4.15 4.15 4.15 4.15 4.15 4.15 to 4% 4.15 4.15 to 4% to 4% 4.15 4.15 4.15 4.15 4.15 4.15 % to 4.10 % to 4% % % % to 3.95 % to 3.95 % to 3.90 % to 3.95 L% % 4.20 4.50 4.50 4.50 4.50 4.50 4.50 4.30 4.30 4.30 4.30 4.30 4.25 4.25 4.25 4.25 4.25 % to 4.05 % to 4.10 % to 4.10 % to 4.10 % to 4% 4.40 to 4% 4.20 4.25 4.30 4.30 4.30 4.30 to 3.50 % 4.50 B onds. NEW Y O R E . Bid. Ask. [V ou 120. B onds. ow.) (See n 5s Mar 1 1926-1971_____M&S b 3.95 to 4% 5s Jan 1 1926-1971.........-J&J 6 3.95 to 4% 112 114 112 114 4Ms Canal 1 9 6 5 . - _____J&J 108 110 4Ms Highway 1965 — .M&S 108 110 414s Barge Canal 1945 —J&J 105 106 M 4 Ms Bonus 1926-1930-_ A&O > 3.50 to 3.80 4Ms Bonus 1931-1939_ A&O 6 3.75 to 3.85 _ 6 3.75 to 3.85 10 2 104 10 2 104 4s g High Imp Mar ’5 8 --M&S 104 105 104 105 104 105 104 105 104 105 104 105 104 105 105 4s Palisade Park 1961_ M&S 104 _ 105 4s Canal Jan 1962— — J&J 104 104 105 104 105 104 105 104 105 b 3.80 6 3.80 6 3.75 to 3.80 6 3.75 to 3.80 93 97 93 97 3s g July 1 1958-...............J&J 93 97 6 3.50 to 3.80 6 3.50 to 3.85 _ 4Ms Oct 1963 - _ A&O 4 Ms Water 1932 ____M&N 4 Ms 1926-1954 - — - J&D 6 3.50 to 3.85 6 3% to 3.80 4s Park 1926 to ’3 0 -- M&N 6 3.50 to 3.75 3 Ms Pub Imp ’26-’34—F&A 6 3.50 to 3.75 4 Ms 1936-1937-1938--M&N 6 3.90 to 4% 6 6 6 3,60 to 3.60 to 3,60 to 4Ms 1931-1933.............M&S 4Ms 1034-1937_______ M&S 4Ms 1938-1955 M&S 414s 1925-1934 ______ __ To Net' 4s Sew Disp ’26-’36— F&A 6 3.65 to 4 Ms 1925-1956________ — b 3.60 to 4 Ms 1925-1971 . . .var. b 3.65 to 4Ms Park 1925-’37._ J&J b 3.60 to 3 Ms Bridge 1935 . . F&A Brooklyn— d— % % % % % % % 3.90 3.80 % % % 3.50 3.85 4.00 4 4.05 4.05 4% % 3.90 % 3.95 % 3.85 3 .90 % 3.90 % 3.90 % 3.95 % 3.90 6 4M s June 15 1964— J&D15 4Ms 1926-1968— ___ J&D 4 Ms Feb 15 ’62 op ’32 F&A To Ask. Net. b 3.65 to 3.90 % b 3.65 to 3.95 % 3.95 3.50 3.50 to 3.90 % 3.50 3.90 _ Broome Co 5s ’26-’33_ M&S b 3.65 to 3.90 % 3 Ms g 1926 to 1937____J&J Bid. 5s 1926-1929_________M&N b 3.70 5s 1930-1950-..............M&N b 4.10 b 3.60 4s 1926-1930- - ____M&N b 3.60 3 Ms 1926 to 1933_____J&D b 3.60 to to to to to 3.90 4% 3.90 3.90 3.90 % % % % 107 V 108M s b 4% 107 li 108 M 107 M 107 H 107 M 107 % 107 M b 3.95 to 4.10 % 108 M 4 Ms Sch & Var ’25-’39-J&D 4% 4Ms 1960 opt 1930___ M&S 1 0 1 M 1 0 1 M 4Ms 1960 - _____M&S 103 , 103M 4 Ms Mar 1 1962______M&S 103 M 103 % 4Ms Mar 1 1964___ M&S 103 M 103 M 103 M 103 M 4Ms April 1 1966_____A&O 103 M 103 M 4Ms Apr 15 1972- A&015 103 M 103 V 104 M s 99 M 1 0 0 4s N ov 1955 _______ M&N 99 M 99 M 4s Various M ay 1957-M&N 99 M 99 M 4s M ay 1959---M&N 99 M 100M 3 Ms Bklyn M Sew ’27 J&J b 3.95 3Ms Dock 1927 ex ..M & N 6 3.95 b 4.00 % b 4.00 to 4.15 % 3 Ms R T 1948-1950--M&N 90 M 91M 90 M 91M 3Ms g exempt 1953..M &N 90 M 91M 90 M 3Ms g Water ex ’54--M & N 90 % 91 90 M 91 Mi 3 Ms sto k Apr 1 1954-A&O 90 M 91M 3Ms Nov 1 1929-- -.M & N b 3.95 3s g R T 1950 exempt-M&N Niag F> 'is— 5Ms ’41-’48.M&N 4.05 4.10% Sewer 1935-50--J&J 3.95 4 14rSchool 1926____F&A 3.60 4MsWat M a y l’41-’48 M&N 4 4&Is Btepav ’29-33 reg,M&N 4 4%s Sew ’39-’46 reg.-M & N 4.05 3 Ms 1942-1945...........M&N 3.90 North Tarrytown (5) 4 Ms Water 1925-45---A&O 6 3.80 to 4.05 % 4Ms Water 1946-64 - A&O 4.10 Oneida— 4s Water ’40-’45-J&J 3.95 4 Ms Water 1930-39___ J&J 4 Oneida Co 3Ms ’26-’28--F & A b 3.60 to 3.85 % 6 3.50 % 5Ms 1925-1930______ M&N b 3.50 to 3.90 % 4Ms 1925-1926 _______ J&J b 3.50 to 3.60 % 3.80 Ossining 4Ms 1926-42_ M&S b 3.65 to 4% _ b 3.60 to 3.90 % 5 Ms School 1926-46--M&N b 3.60 % b 3.70 to 4% 4Ms 1963 ___________ M&S 4Ms (old) M ay 1957--M&N 4Ms (new) N ov 1957 M&N 6 3M s Water 1925-35 —M&S 4 Ms Apr 1 1933-1935____4s 1945-1953 M&S Franklin Co 4 Ms ’31-’40 M&S Fulton— 3.40s ’26 to ’29-J&D Garden City— 4 Ms 1925 to 1952 _ J&J _ Aug 31 1925-1928------- F&A 5Ms 1925-1929_______ J&J s 1925-1930......................... s 1931-1954 ................... Herkimer— 4Ms ’26-’27-M &N 6 6 3.90 3.90 3.50 to 3.90 % 3.85 3 Ms 1925 to 1930___ M&S b 3.50 6 3.50 6 3.50 % 3.80 b 3.65 3.75 b 3.50 to 3.75 % b 3.80 b 3.75 % 5s 1932-1951 (coupon) .F&A b 3.85 6 3.75 to 4.36 % b 3.65 to 3.95 % 6 3.70 to 4% 3.90 b 3.50 b 3.60 to 3.95 % 4Ms School 1926-45_ J&J b 3.60 _ 3 4Ms 1926-1936 _______ J&J b 3.60 6 3.60 to 3.85 % 4s 1926 to 1927- - - - -J&J b 3.60 3.85 4s Imp Sch, &c, ’26-’47-J&J b 3.60 4 3 Ms R ef 1933 opt 1913 J&J Rockland Co— 4s r25-’34.M&S b 3.65 b 3.65 to 3.90 % 4 Ms ’25-’38 (reg) — F&A15 b 3.65 b 3.65 to 4% 3.70 5Ms 1931-1941 ...........A&O b 4% b 3.75 b 3.65 to 3.90 % Saranac Lake 4M s’25-26.M&S b 3.80 b 3.80 to 4% 4.45s FireHouse ’25-’39.J&J b 3.80 b 3.75 to 4% Saratoga Co 5s 1925-1941____ b 3.60 b 3.75 b 3.80 b 4% b 3.75 to to to to 3.90 % 4% 4.25 % 3.85 % 4 Ms Park 1926-40___ A&O Scarsdale 4 Ms 1926-45 -J&D Schenectady 5s 1925-33--J&J 4 Ms 1926-1931_______ A&O 4Ms 1925-1934________ J&J 4s Oct 15 1925-44_ A&015 _ b 3.70 b 3.70 b 3.50 6 3.60 b 3.50 b 3.50 to 3.90 % to 3.95 % to 3.95 % 3.75 3.60 % % 3.85 3.90 to 3.90 % to 3.90 % to 3.85 % % % 3.75 to 3.90 % to 3.95 % 3.95 % to 4.15 % to 3.90 % to 4.30 to 4% to to to to 3.95 4.05 3.90 3.85 % % % % to 3.85 % 4 Ms High Sch ’25-’32-A & 0 b 3.70 to 3.95 % 3.95 b 4% % 6 3.85 to 4% b 3.75 to 4% 3.80 b 3.75 to 4.25 % b 3.85 to 3.95 % 3.95 3.90 Suffolk Co 4 Ms 1925-32- J&J 6 3.50 to 3.85 % b 3.60 to 3.90 % 4Ms Oct 1925-1939___A&O b 3.50 to 3.90 % Sullivan Co— 5s 1930-1939- - - _ J&D b 3.90 to 4% _ 4Ms Highway 1927-29-A&C b 3.90 to 3.95 % b 3.65 to 4% 4s 1933 - ___________ M&N 4 4Ms Highway 1930-45 A&C b 3.50 to 4% 5 Ms Oct 19 25-1951--A&O b 3.60 to 3.95 % Syracuse 4Ms 1925-35 Various b 3.50 to 3.85 % 4 15 b 3.50 to 3.95 % b 3 60 to 4% 5s M ay 15 1925-1938--4 14s Water 1943 - - A&C 4.15 4 Us School 1930-60--M&S 6 4.10 to 4% 4 finh 1926-1944 _ b 3.60 to 4% 5Ms 1925-1960 -M&S b 3.50 to 4% 4s Citv Hall 1939_____J&D b 3.75 to 4% 4Ms June 15 ’25-34-J&D15 b 3.50 to 3.85 % 4.15 3 Us Sch N ov 1 1929.-M&N 4Ms 1926-1944 ______ M&N b 3.50 to 3.85 % 4.15 4s June 15 1925-44--J&D 15 6 3.50 to 3.80 % 4.15 "*5M s M ay 1 ’26-’28— -M&N b 3.85 to 4% 3.75 ...............M&S b 4.05 to 4.2C 4 Lis 1 942 | u , Road&.Rdgfi’27-47 F&A b 4.15 to 4% 3.75 b 3.90 to 4.20 1 Tioga Co 5s 1926-1930 --M&S 6 3.60 to 3.90 % 4.15 b 3.90 4s Oct 1 1942_________ A-C % b 3.75 to 4.1( % 3.90 5 Ms June 1 1926 — - J&D 4.15 Middletown 3 Ms 1931- - F&A 4Ms Sewer 1925-1953--J&J b 3.70 to 4.15 % Vailsburg— See Newark. Monroe County— 5s Water 1925-1950___ J&J 6 3.70 to 4.2C % 3.80 4s 1931-1944 -F&A 4.5C 3.95 5Ms Water 1925-1950--J&J b 3.70 to 4.3( % 4,15 siMs 1 Q9.fi-1934 A&O b 3.75 to 4% 5sJune 15 1926-60___ J&D 4.50 3 .6 0 West New York 5s 1936--M&S ........... 5Ms 1935-1941 A&O b 4.05 to 4.10 % 4.40 6s 1926-1940 r e g . . _ A&C b 3.70 to 4.25 % _ Wildwood 4 Ms 1926-57--F&A 3.95 4.50 4Ms School 1925-31---F & A b 3.60 to 3.95 % 4 Ms 1925-1943-................... b 3.65 to 3.95 % NEW M EXICO 4 Ms School 1062-73 M&N 3.95 4Ms Feb 15 1926-1957_____ b 3.70 to 4% 3.70 3.95 4s'Sept 1 1926-- - _____ b 3.60 to 3.95 % 5s .Tan 9 1996-1928 .T& b 3.75 to 3.90 % .T2 4Ms R ef 1953 opt 1933 -J&. 4.25 4 Ms Dec 16 1952 opt ’22-J&E 4.50 4il0 Utica— 4 Ms 1926-35-- M&N b 3.50 to 3.90 % 5s Jan 2 1938 J&J2 b 3.60 to 3.9C % 4s Fund 1939 opt 1919 -M&S ______ b 3.50 4.25 % 3.85 3 Ms Nov 1 1925 to ’35-No\ b 3.50 to 3.90 % 6 4.25 to 4% 5s 1931-1939 M&N 4.25 3.90 Warsaw Union Fr S D No 10— 5s W W Dec 19 62-.- J&D 4-Ms Rof 1995-1 998 M&S b 3.50 to 3.80 % 4Ms 1 9 2 5 -1 9 4 2 --_____Oct b 3.75 to 4.15 % 4.55 ____ 3.95 4 Ms 1938-1943 .T&D 3.90 5 5s 1931 opt 1921. _______ 4Ms 1925-1953________ J&J b 3.60 to 3.95 % b 3.50 to 3.90 % 5 3.60 Socorro Co 5s ’41 op ’21.A&C 3.85 5s‘ l925 _______ J&J _____ 5s 1926-1945--------------J&Jf b 3.75 to 4% 3.90 4s M ay 1 1938 - --M&N ........ 3Ms Sewer ’26 to ’27--M&N b 3.70 to 3.85 % &IBasis. d Now part o f New York City, f Flat price, n Nominal. Note.— Owing to money conditions and the demand for the shorter maturities New York State and In fact all municipal issues have been selling on a different basis for each individual maturity. Lack o f space does not permit us to give the yield for each separate maturity and we are compelled, therefore, to give the range from the earliest to the farthest maturity. For instance, Albany 4 M % bonds due 1925-1928, selling on a 3 to 3.75% basis, would* indicate that the 4Ms due 1925 would be on a 3% basis; the 4J£s of 1926 on a 3M % basis; the 4Ms o f 1927 on a 3M % basis, &c. Red Bank (Borough)— ____ 6 4.25 to 4% 4.50 4.50 4.50 47 A 4.35 4.35 4.35 June, 1925.] B onds Watervliet 6s 1925-30____Var West Seneca 5s ’25-'38_ A&O _ Westch'r Co 3Ms ’27&’28 J&D 5Ms 1925 reg_________ J&D 5Ms 1926-32 reg_____J&D 5s 1939-76......... J&D 5s June 1 1929-54____J&D 4M s San Sew ’33-’82—J&J 4 Ms Parkway 1962-86-J&D 4Ms Co Bldg 1927-44-A&0 4s Co Bldg 1926-59— M&S 4s 1930 to 1935_______ F&A White Plains— 4s '25-’28-F&A 4Ms 1935-1959 (reg).-M&S 6Ms Sch 1931-1936_ A&O _ 3 Ms Water 1931_____A&O Wolcott 4Ms Jly 15’25-’42J&J Yonkers 5Ms Jan 1926--A&O 5Ms Jan 1927-1961_ A&O _ 4Ms July 1 1925-62_ A&O _ 4Ms Mar 1 ’27-’56— A&O 5s April 1 1926-19275s 1925-1938_________ A&O 53 STATE AND MUNICIPAL BONDS Bid. Ask. To B onds. Bid. Ask. To B onds. Bid. Ask. To OKLAHOM A 4.15 Cincinnati (Concluded)— 4 *4Ms July 1943______J&J 4.40 6 3.75 to 3.80 % 4MsOct 15 1925-33--A&OIS b 4.15 to 4% *4Ms Sewer 1955_____A&O 4 *4Ms Sew Sep 3 '37-M&S3 4.10 4s Funding 1925-27_____F&A b 4.15 to 4% 3.50 b 3.60 to 3.90 % 3.65s g Feb 1937—-F&A 4.50 3.80 Canadian Co 4s ’26-’31—F&A 5 _ 3Ms Water '45 op '25-F&A 3.80 Guthrie 6s W W 1943_ A&O 4 4 b 3-85 to 4% 3s Water 1939 op ’ 19 .F&A 3.80 Muskogee—4M s 1925--M&N b 3.65 to 3.75 % 5s Sewer 1936________ M&S Cine S D *4Ms 1934—A&013 4 3.75 Oklahoma City— 4 4s 1936 opt 1906_____M&S b 3.75 to 3.85 % 5s 1937 opt 19^2-.........F&A 3.80 3Ms 1940 opt 1912— A&O b 3.60 to 3.80 % 5s Water 1936________ M&S 4.25 Cleveland *5Ms 1940-70 J&D 4.25 3.80 4Ms Sewer 1936--------- F&A 6s 1932-1933_________ J&D 6 3.65 to 3.75 % *5Ms Pub Hall 1970--J&D 4Ms Water Works 1941-J&J 4.25 b 3.95 to 4.10 Okla City S D 4s 1933---J&J _ *5s W W 1936-1968_ J&D b 4.20 to 3,75 % b 4% to 4.05 5s 1926, 1930, 1931---Var 4 •4 X Grad Cross ’30-’54 A&O 3.90 *4 Ms Paving 1929-34-J&D Okla Co 4 Ms ’26-’33_ J&D 64 M% to 4% _ 4 4.45 4.40 Okmulgee 5s Mar 15 1943___ 4 *4 Ms Sewer 1930-49--J&D 3 65 *4Ms St imp Feb 1 '34-F&A Payne Co 4 Ms '25 to '29-A&O 6 4.30 to 4% 4 b 3.80 to 4.05 % Tulsa 5 Ms 1927-32_____F&A 4 *4Ms March 1949___ M&S b 3.60 to 3.j5 % 5 Ms July 1946_______ F&A *4Ms Fire dep ’26-’30 A&O b 4% to 3.75 % 4.50 b 3.75 to 3,95 % *4 Ms Fire Dep ’31-’55-A&0 b 4% to 3.75 % 5Ms Wat&Park ’30-’49 F&A b 3.65 to 3.75 % 3.80 4 Ms Clark A v Bdg ’42-A&O 5s 1933-1947-------------- F&A 6 4.45 to 4% % b 3.65 to 4% 3.80 4 Ms Park 1938_______ A&O OREGON 3.75 4s Park 1929-1931____A&O N O R T H C A R O L IN A 4s Grade Cross'g '3 0 --A&O 3.80 4 6s Highway 1925_______ A&O Cleveland S D *4 Ms 1925-28 4 5s July 1961___________ 4.20 4 Ms Highway '26-Apr '44 A&O 6 4.20 to 4.05 4 *4Ms 1929 to 1935----------4Ms School 1927-46_____J&J b 4.10 to 4% 4s July 1 1932________ J&J 3.80 4Ms 1925-1944 (s-a)____A&O 6 4.20 to 4.05 1 4 4Ms 1927-1962................... J&J b 4.10 to 4% 4Ms H ’way ’30-’35 (s a).A & 0 *6s 1926-1928---.........J&D b 4% to 3.75 % 4.05 4.05 4s Refunding 1950_______ J&J *6s 1929 to 1935_____J&D 4.10 4 M s H ’way ’36-’49 (s a)-A & 0 4s Building 1951_________ J&J 4.05 Cleveland Heights S D — 4s Highway 1925-42____A&O 6 4.10 to 4% 6 4.10 to 4% 5 Albemarle 6s 1926-38_ F&A _ *6s 1926-1959________ A&O b 4.25 to 4% 6 4.10 to 4% 4.35 Columbus *6s 1949-57--M&S Asheville 5s R ef 1941____J&J 4M 5 4.35 Albany 5s ref '31 opt '21-A & 0 5s School 1943________ J&J 5s St Impt 1926-1932-M&S b 4% to 3.90 % 4.90 5Ms 1925-1957________ J&J b 4.40 to 3.75 % 4s Sewer '33 opt '13—M&S 3.75 Astoria 5s 1953_________ J&D 4.90 5Ms Street 1926-36— F&A b 4.40 to 4% 4s Wat W '45 op '2 0 --M&S 3.75 4.70 4Ms 1925-1929______ M&N b 4.20 to 4% 3Ms 1932 opt 1912___ J&J 3.80 4.75 454s 1930-1965______ M&N b 4.30 to 4.20 % Columbus S D 4s 1926--M&S 3.85 5 Buncombe Co 5s ’25-’46—J&D b 4.40 to 3.75 % *5s 1943-1952______ J&D19 4.20 Columbia Co 5s ’29-’34-A & 6 4.60 4.30 Cuyahoga Co *6s ’25-’39-A & 0 b 4.25 to 4% 4 Ms Funding 1939---M&S 4.65 6s Bridge 1928-37___ A&O b 4.50 to 4.30 % *5s Bridge 1925-27---A & 0 b 4.25 to 4% 4.10 Charlotte— 5s St&Sew’29-J&J _ *5s Ref 1926-1932_ A&O 4.20 Multonomah Co 4Ms '32-J&D 6 4.25 to 4.10 % 4.15 6 4.20 to 3.75 % 4Ms Bridge 1931-1944-J&D 4.25 *5s R ef 1932-1939____A&O 4.10 554s Fund 1926-29— F&A b 4.15 to 3.75 % 4s Bridge 1945-1955-- -J&D 4s R ef 1925 to 1926-—A&O 3.90 5s Road 1926-1929---M&N b 4.25 to 4% 554s 1925-1930______M&N b 4.20 to 3.75 % 4s 1925-1941_________ A&O 3.80 554s 1931-1948______ M&N b 4.30 to 4.25 % Portland— •Dayton— 5s 1926-32_ M&N _ 4.15 454s Water Mar 1935--J&J 5Ms Aug 1928----------- F&A 6 4.20 to 4% *6s Gen fund 1928_ A&O _ 4.10 4.15 454s Water Oct 1 ’4 1 --A & 0 5s Harb Dev 1925-50-M&N 6 4.30 to 4.15 4,25 *5Ms W W Imp 1944_J&D 4.15 454s Wat & Sew 1942..J&J 4Ms Dock 1943______ M&N 6 4.25 to 4.10 *5s W W Imp 1945-—F&A 4.20 4.30 4 MsOct 1925-47______ A&O 6 4.25 to 4.10 •4 Ms W W Imp 1940--J&D Durham-454s Sew&Lt’41-J&J 4.10 4s Water 1937_______ M&N 6 4.25 to 4.10 454s_Fund '25 to 1940--J&J 6 4.30 to 3.75 % *4Ms Bdge 1933-39--A&O 4.10 4s Water 1936-1955---M&N 5s Water 1926 to 1945-J&J b 4.35 to 3.75 % Dayton S D 5Ms '41-’61 M&S b 4.25 to 4.15 % 5s Fd & Sewer ’25-’39-F&A b 4.35 to 3.75 % Pt of Astoria 5s Har '25-29J&J *5s Mar 16 ’26-’46--M&S16 b 4.20 to 4% 4.35 East Cleve *5s 1926-29--A&O 6 4.20 to 4% Pt o f Coos Bay Harbor 5s Granville Co 454s ’3 9 --M&N 4.30 4.25 Port o f Portland— *5s St Impt 1930-35---A&O Greensboro— 5s W W '30-J&J 4.35 East Liverpool— 4s 1940-J&J 4s Dry Dock 1934------- J&J 5s Aug 1 1942 W _____F&A 3.90 4.25 Elyria 4s 1925 to 1938--J&D 4s Water-Works 1954-.J&J 3.90 Salem— 5s Sewer ’26-’33 M&N 4.60 Greenville 5s W W '5 8 --F&A 4 5s W W 1929-1946____J&J 4.40 •Findlay C ity S D 5 s’25-’27J&J PENNSYLVANIA Iredell Co 5s Aug 1 ’42-F&A 4.30 454s 1929-1939-.........-A&O b 4.35 to 4.25 % Fostorla—• 454s 1940-1950............A&O b 4.40 to 4 35 *5s W W Imp ’26-'40-M&S 4.60 5s July 1 1951 Series O -.J& J 117M 118M 4°.50 Franklin County— Lee Co 5s Road 1952— M&N 4Ms July 1929, 1934, 1939, 4.50 1944, 1949-............ J&J b 4.10 to 4% Lincoln Co 5s 1943 & '48-J&J *5s FI Emerg 1926-29-M&S 4.20 4.50 5s Bridge 1937-1951— F&A 4s Highway 1930, '32, '35, *5Ms Hos & Bge '26-’35 F&A b 4.30 to 4% Mecklenburg Co— '37, '40, '42, '45, '47, '50,'52 b 3.85 to 3 .75 6s Rd M ay 2 ’27-'31-M&N2 b 4.30 to 4.10 % 4.55 Hamilton Co *4Ms 1943-F&A 6s R ef N ov 1950.........M&N 4.25 Allegheny— 4s 1927--------- J&J b 4% to 3.90 4s Street Impt 1937—M&N b 4% to 3.90 Pitt Co 5s 1926-36.........M&N b 4.35 to 3.75 % 4.25 4Ms Oct 1 1939______ A&O 4.35 3.70 3 Ms 1925 to 1931------A&O b 4% to 3.90 4s O H J’ne '36 op ’ 16-J&D 454s 1943-1947...........M&S 4.40 Ironton *4 Ms W W ’36-J&D 5s Fund June 1959____J&J 4.50 Allegheny Co 4 Ms '4 3 --M &N b 4% to 3.90 4 Raleigh 5s 1927____» ___A&O 4s Road 1939..............-A&O b 4% to 3.90 Lakewood— 4.35 4s Bridge 1942----------- F&A b 4% to 3.90 5s Munic Bldg 1939_ J&J _ 4 4Ms 19 25--................... A&O 4.40 5s Impt June 1 1944--J&D 3Ms 1932 opt 1922— M&N b 4% to 3.90 4 4Ms 1926-1939............. A&O 99 100 Rutherford Co 5s '25-’52-J&J b 4.45 to 3.75 % 4.35 Altoona— 4s '34 opt '1 4 --J&J *4 Ms Oct 1945............. A&O 100 Salisbury 6s Impt ’25-’35-J&J b 4.50 to 4% 4s R ef 1936 opt 19 16---J&J 99 *5s Park & Imp ’25-’41 A&O b 4.40 to 4% 99 100 6s 1925-1941_________ M&N b 4.60 to 4% 4s Highway '37 opt '32-J&J •Lawrence Co 5s 1934--M&S b 4.40 99 100 Altoona S D 4s '26 to '35-A & 0 Surrey Co 6s M ay 1933-1958- b 4.65 to 4.40 % Lima 4s Sewer 1925_____A&O 4.35 Bethlehem S D 5Ms 1925, Wake Co 5s Fund '48___ J&J b 4.50 to 4% 5 Ms Sewer 1925-1947— 4.85 4.40 Weldon 6s Jan 1926-1942 '30, '35, '40, '45, '50--J& D b 4.05 to 3.95 *5s Sewer Feb 15 ’27-’51 Braddock 4Ms ’26-'44—M&N 6 4.05 to 3.95 Wilmington—■ *4Ms Oct ’25-Oct '30-A&O b 4.50 to 4% 4.35 5s Ref & impt 1955_ A&O _ 4 4s 1925 to 1935--------- M&N b 4.05 to 3.95 3 Ms Ref '30 opt '25_ A&O _ 4 454s 1925-1962............A&O b 4.30 to 3.75 % Cambria Co 4 Ms ’25-'45------- b 4.05 to 3.95 Lorain 5s 1925 to 1932-.-J& J 4.30 4.50 Chester— 3 Ms 1929--------- J&J b 4.05 to 3.95 454s g Wat & Sew ’48-A&G *5s W W R ef ’25-’27--M & S 4.30 4.50 4s '37 opt 17 tax-exemp J&J 6 4.05 to 3.95 454s Wat & Sew 1952--J&J *6s Fd Sep 15 ’25-’28M&Sl5 4.20 Lucas Co 4s C-H 1944--M &S 3.75 4s g R ef July 1 1929- —J&J 4Ms 1935-40__________ J&J b 4.05 to 3.95 4.25 4.25 Chester S D 4 Ms '32-’37-’42— b 4.05 to 3.95 Wilson— 454s ’27-’29___ F&A *5Ms Wat Sup ’26-’30 M&S 4.40 Madisonville (in Cincinnati) Easton— 3 Ms 1928------- A&O b 4.05 to 3.95 454s 1930-1931............. F&A 4.50 3.90 Erie— 4 Ms Sch 1926-39-A&O 6 4.05 to 3.95 454s 1932-1944............. F&A 5s 1932 opt 1922--------- J&J 4.60 Marietta— *4Ms '26-’33-J&D 4.50 4Ms R ef 1934 opt '2 4 --J&J b 4.05 to 3.95 454s 1945-1957_______ F&A 3.75 Winston-Salem— 5s '25-M &S 4 Erie S D 4s 1925-38.........F&A b 4.05 to 3.95 3Ms 1931 opt 1911____F&A 4.30 M artin’s Fy 5s ’26-'44--M &S 4.60 5s gen impt 1944______ J&J 4 Ms 1925-1937----------- A&O 6 4.05 to 3.35 4 Ms Jan 1 1936-1946--------- b 4.05 to 3.95 5s Sept 1925-1947____M&S b 4.30 to 3.75 % Miami Conservancy Diet—■ 4.25 Fayette Co 4s Road '26-A & 0 b 4.05 to 3.95 454s July 1 1942........... J&J 5Ms (1 to 5 yr mat’y).J& D 6 4.40 to 4% 4.25 4.40 4s Road 1936............... A&O 6 4.05 to 3.95 454s July 1 1952______ J&J 5Ms (5 to 10 yr mat’y).J& D 4.45 Harrisburg—1 6s Imp Aug 15’25-30 F&A15 b 4.30 to 3.75 % 5MS (after 10 years)_ J&D _ 4 4s Aug 31 1926-32------M&S b 4% to 3.90 Middletown 4s '30 op '20 F&A 4s Pub Imp '26 to '36-M&S b 4% to 3.90 NORTH DA KOTA Montgomery County— 4s M ay 15 1925-1953b 4% to 3.90 •5s FI Emerg '26-’42--J& D 6 4.25 to 4% Johnstown— 5s Farm Loan 1935. 1940, 1945 Newark *4Ms 1926-41 ..A & O b 4.50 to 4% 4% to 3.90 and 1950.......... J&J b 4Vs to 4M % 4Ms 1925 and 1930--Norwood— 3.80 4s Building 1930 op t-.M & S 4% to 3.90 554s 1945 & 1948 ser C — J&J b 4M to 4.30 % 4s 1930--.............. A&O 4 Lackawanna Co 4s 1944-F&A 4% to 3.90 554s July 1928-1933______J&J b 4.60 to 4.40 % Portsmouth— 4s '25-’24-J&D 4% to 3.90 Grand Forks 5s.-M ay '26-’38 Lancaster 3s '38 opt '28-A & 0 4.65 6s Sewer 1927-36_____J&J b 4.35 to 4.20 % 4 4% to 3.90 3Ms Sewer 1934______ M&S 4.65 Sandusky 5s '25 to '2 6 --F&A Ward Co 454s July 1925-J&J Lancaster S D 4s M ay 1945 4% to 3.90 Springfield— *5s 1925-1934— b 4.40 to 4% OHIO (See foot-note *) LowerMerionTwp4s,4Ms,4‘ ' 4% to 3.90 4Ms 1926-1930_______ M&S b 4% to 3.75 % 4.05 M cK ’p ’t S D 4 Ms, '26-’43 Ml 4% to 3.90 4 Ms 1931-1935_______ M&S 4 454s 1926-1932............... -A&O b 4.30 to 3.75 M ercer Co 5 Ms '25-’47--F & A 4% to 3.90 4s 1925______________M&S ♦Akron 6s 1925-1940___ A&O b 4.30 to 3.75 4% to 3.90 Norristown S D 4Ms '43-J&J Springf’d S D *5s ’25-’39 J&J2 b 4 X to 4% Philadelphia— 4s 1937____J&J 100M 101M *5s 1925 & 1928______Var. b 4.10 to 3.75 Steubenville *5s ’26-’35-M&S b 4.40 to 4% 118 4.25 ♦5s Water 1925-1953-A&0 b 4.25 to 3.75 5s Jan 1951-............ J&J 117 Summit Co 5s ’27-’30_ A&O _ b 4.30 to 4% *5 54s 1926-1929-.........J&J b 4.15 to 3.75 4 Ms M ay 1948-------------J&J 107 4 Ms 1925-1937--------4.10 4.25 Toledo *5s W W '37-’44-F&A 4Ms N ov 1 1948-........... J&J 107 ♦554 1930-1937_______ J&J 4.25 5s Sept 1925-42______ M&S b 4.20 to 3.75 % 4s July 1939 ___________J&J 100M *554s 1938-1951............. J&J 4.25 454s 1925-1947............A& O b 4.25 to 3.75 *6s Gen Fund 1929_ F&A _ 4s July 1942 ---------------- J&J 100M 445 4.25 ♦454s 1936-1955______A&O *6s Pub Wharf 1960--M &S 4s Jan 1 1946_________ J&J 100M 4 101M 3.90 *5s Sewer 1949______M&S 4s Feb 16 1955________ J&J *454WWDec31'25-37 -JD31 b 4.20 to 3.75 4 3^5 4s W W 1942-............... A&O 4s N ov 1 1966-............--J& J 100M *4Ms Sept 1 1928____M&S Alliance 454s 1927-32---J&D 4 4 4s July 26 1972............... J&J 100M *4Ms Wat 1932-34___ J&J 3.90 3.75 *5s Water Dec 15 1926-50 b 4.25 to 4% 3 Ms July 1932 - ............. J&J 4 Ms Bdg '28, '33 & '38-F&A 3.90 3.90 Ashland— 3 Ms July 1 1934..........—J&J 4s 1926______________ A&O 4 3.75 Phila S D 4 Ms ’25-’43------ J&J •554 W W Im p ’25-’44 A&O b 4.60 to 4.10 % 4s Park July 1 1942_ J&J _ Butler Co— 3.80 4s 1925-1942----------------J&J 100 M 101M 3M S Refund’g 1930--M&N Pittsburgh— 4Ms '26-'50 J&D b 4% to 3.90 4.25 Toledo Sch Dist 4s 1925 4 ♦454s Fl-Emer'26-'31-M&N 4% to 3.90 4.50 4 Cambridge— 454s '26-’34-J&J 4s M ay '26 opt ’ 10-’22 M&N 4s 1926-1929 4% to 3.90 4.50 *5s Sewer 1953______ M&S 4s 1926 to 1927............. M&N *4 Ms 1926-1930--------- A&O b 4.25 to 4% 4.50 4% to 3.90 ♦5s Sewer 1931-37____M&S *4Ms 1931-1950.........-A&O b 4.10 to 4% 4s 1926 to 1939-------------J&J Canton— *5s Sew 1953--M&S 4% to 3.90 4.25 4M s ’26-’38 taxable—M&N 6s 1925-1930............... M&N b 4.30 to 3.75 *554s Fund 1925-37- —J&D b 4.15 to 3.75 % 4% to 3.90 3 Ms Apr '26 to '30— A&O 6s 1931-1960............... M&N b 4.50 to 4.30 t ♦6s Water 1944-1959—A&O 4% to 3.90 4.30 Warren Co 5s 1929-34--M&S b 4.25 to 4% Pittsb S D 4Ms ’25-’27 ---J & J 4% to 3.90 4 3.75 Reading— 4s '26 to '2 8 --A&O 454s Water-Wks '3 0 --M&S Youngstown *5s 1925_ A&O _ 4% to 3.90 4.20 4s 1926 & 1927-........... F&A b 4.10 to 3.90 % *6s Fund 1928............. A&O 4s 1925-1928................. M&S 4.30 ♦Canton S D 5s 1954—. 4% to 3.90 4.30 6s Bdge 1932-41-.........A&O 4s 1926 and 1931---------------4% to 3.90 4 •5s Dec 10 '25-’26-J *5s Police Bdg & St ’25-'32 b 4.25 to 3.75 % Scranton 4Ms '25-’41___F&A 4.25 •454s Dec 5 1939-42—J&D 4% to 3.90 *4 Ms 1925-1957______ A&O b 4.20 to 3.75 % 5s 1925-1950................. F&A 4.30 Youngstown School Dist— 4% to 3.90 •4.40s 1956................. 4s 1926-1937-............... M&S 4.25 Cincinnati— 4% to 3.90 4s 1926-’30-'35_______ A&O *4Ms 1944-1947...........M&S 4 Scranton S D 4s '26-’28-’33 A&O 4% to 3.90 *6s Funding 1928------------*5s 1925-1944............... M&S b 4.35 to 3.75 % 4.10 Zanesville— *5s City Hall & 4% to 3.90 3Ms 1925-1932......... —F&A •554s Imp Mar 1941—M&S 4.10 Uniontown 4s '28 tax-ex M&N 4% to 3.90 • 5ns Impt Feb '46, '51 F&A Market 1925-39______M&S 6 4.25 to 4% •554s Mar 10 '31---M & S10 Wash'n Co 4 Ms '26-’34--M&S 4.10 Zanesville School Dist— 4% to 3.90 4.10 ♦5s July 1 1965............... J&J 4% to 3.90 4s 1925-1933............... M&N 5s 1925-1943................. A&O b 4.40 to 4% ♦ Subject to taxation. By an amendment to the constitution o f Ohio adopted Sept. 3 1912, bonds issued after Jan. 1 1913 by municipalities in that State are subject to taxation. Bonds issued prior to Jan. 1 1913 are exempt from taxation. b Basis. / Flat price, n Nominal. 54 Bid. B onds b J&J b b 4 Ms 1931-1940 ~ I J&J b 4 Ms Impt, 1940-1945 J&J 5 b York*4 Ms 1925-194§ F&A b York Co 3 Ms ’25-’32 M&N b 4s 1926 to 1935 ~ ' 4% 4% 4 % 4% 4% 4% 4% 4% To Ask. Net. to to to to to to to to 2.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 % 1 % % 1 % RHODE ISLAND 3 44s enld S H 1934 Bristol— 344s g 1930 Cent Fall's 4s “ 25-’3h J&J M&S F&A -Tnhnston 4U s 1930, 1935. 1940 - M&N Lincoln— 4s 1928 A&O Newport— 4t^s ’9fi-’3Q M&S KV4« .Time 1 1995-1958 4Ms M ay 1926-42 M&N 4M « Mar 1926-35 M&S 4s gold 1927 F&A 4s M ay 15 1948 M&N 4 t /s School 1954 M&N 4s Jan 1 1945 4s Oct 1 1954 J&J A&O 4s Oct 1 1964 3Ms Sch & Br 1929 A&O M&N 6s Fund 1Q26-1935 6s Fund 1Q36-1961 M&N M&N 4l|s June 1925-1957 5s "Funded 1926-1959 J&D A&O 3 4 4 s Wat M ay 1 '31 M&N 100 96 96 9844 96 101 9844 102 11444 10044 10044 9944 99 90 103 M 104 100 98 99 M 9944 9944 9944 9944 9944 9944 9744 9544 9944 9644 10244 107 44 124 102 V a 9944 10744 9544 9544 444s Blue 1928-4s Refund 1952 opt 1Q32 10244 11544 10144 % 10144 % 91 444s Jan 1962 J&J 6s M ay 15 ’36-’4n *4 Ms Water 1930-1939 .T& .T 4 44s Water 1949-1965 J&J 5s Sept 1 1939 1 . Ms 1926^1927 " M&N b 4% b 4.50 % 3/ % Ref 1925-1946 5s Jan 15 1934-40 54is Jan 15 1943 544s Dec 1 1940 M&S M&S] 5 J&J15 J&J15 J&D 4.50 4.50 4.40 4.40 4.40 4.50 4.50 4.50 4.70 4 .5 4.65 4.65 TENNESSEE 4V4s .Tulv 1 1995-67 .T& b 4.20 .T % % 444s R ef 1925-55 J&J b 4.20 444s 1938-55 ___________ J&J b 4.20 to 4.05 % 4s R ef 1925-55__________ J&J b 4.15 to 4% 4s 1932-53_______________J&J b 4.15 to 4 /o Blount Co 5s 1926, 1931, 4.75 1936, 1941, 1951 J&J 4.35 4.35 5%s Ref Apr 15 ’51 A&015 4.35 5s Audit 1927-32 M&N 4.35 4Ms M ay 1952 M&N 4.35 444s Park 1942 M&N 444s Dec 39 1941 .T&D39 4.35 5 W ASH INGTON 4.70 4.70 5 Ms Feb 1 1931 F&A 4.70 4.70 4.50 4-50 4.45 5s June 1936 - - -J&D 5Ms Water 1934-1938-M&S 4.50 4.50 TTing Co— 5s 1928 M&S 4.45 5s Road 1935 *._F&A 4.75 4.75 Lewis Co 5s 1926-32-- -M&S 4.75 Pacific Co 4 Ms July 1 ’28-'36 4.75 5s S e p t'i 1928-37____Sept 4.75 4.75 4s R ef 1926 opt 1916- -M&S Apr 10 .T& .T J&D J&D 5s Lim deht 1932-1936 J&J 5s School 1925-1954 5s 1926-1956 M&S A&O 4.90 a 5 5 4.80 5s Sow N ov 15 1939 M&N 5s Rof Oct 16 ’41 op’31 A&O 4.50 4.50 b 4.65 % 4 Sept, 1925-1952 M&N b 4.65 to 4.50 % 4 Ms Oct, 26 ’28 op ’28 A&O b 4.65 to 4.50 % ’3 4 ’3Q ’4 4 4 M« -Tan 1926-1955 b 4% to 3.65 % 107M 5.50 5 4.75 5 5 5 5 4.50 4.65 4.50 b 4-80 to 4.65 % b 5% to 4.85 % 4.85 5 b 4.70 to 4.60 4.60 4.70 4.70 J&J T, & P Sys "1027-41 A&O 5 M« T, & P 1929-43 M&N 4.35 4.35 4.35 4Ms 1928-1932 _ A&O b 4.15 to 4.10 % _ 4.15 4Ms 1933-1940 A&O 4Ms 1941-1955_______ A&O b 4.20 to 4.15 % 4.35 4.35 ’49 ’"54 ’59, '64 5s Sept 19.31-1959 1 4s .Lin 1 1921 5 Ms 1Q95-1 94n" SOUTH DAKOTA 6s Sept 1941____ 5s Mar 15 1931-35 To Ask. Net. .J&J b 4.70 to 4.50 % 4.70 J&J 4.70 4.50 4.50 5s 1926 & 1927_ __ A&O b 4.20 to 4.10 % _ 5s 1928-1930 ___ A&O b 4.35 to 4.25 % 5s 1931-1939 A&O b 4.50 to 4.40 % 5s 1940-1965 _ A&O b 4.60 to 4.55 % 4.70 5.25 4.90 Dallas— 5s 1931 - ' _ J&D _ 4.35 4.20 5s “ l 926-1960 M&N b 4.35 to 4% 4 Ms Sch 1926-1952 M&N b 4.35 to 4% 4i|s 1928, 1938. 1939. 1942. 1943, 1944, 1945 -’.-J& J b 4.35 to 4% 5s W W 1929-58______ M&S b 4.40 to 4.35 % 4s School 1925-1951 J&J b 4.30 to 4% 4.50 Tazewell Co 5s 1925-46— J&J b 4.45 to 3.75 % 4 to 3.75 % 4Ms Rd & Bdge ’26-’50-J&J b 4.40 to 3.75 % Bid. B onds. 4-404.40 4.40 4.50 4.40 4.30 4.30 4.25 4.25 4.25 4.25 4.30 4.35 4.50 4,35 4.35 4.40 4.30 b 4.10 to 3.75 % 4 15 4.10 4 4.10 4Ms 1958 ' J&J 4s *1925 to 1930____ - J&J b 4% to 3 .75 % 4.05 4s 1938 to 1943 _______ J&J 4.05 4s 1941 J&J 4.05 4s Elec Light 1942_____J&J 4.05 4s 1943 “ - .J&J 4.25 4.25 4.25 4Ms Pub Bldg 1941.-M&N 4.25 4Ms Pub Bldg 1944. M&N 4.25 4Ms Apr 1952 A&O 4.20 4.65 Austin 5s 1925-1942 - 5s 1929-1934 5s 1935-1959 4.25 4.90 5 4.30 4.80 4.30 4.30 4.30 4.35 4.35 Rock Hill 5s 1951 opt ’31 .T& .T To Net. A&O b 4.50 to 4.25 % 4Ms Feb 1953 ” ___ F&A M&S b 4.60 to 4.50 % 4.50 Norfolk— 6s Oct 1 1950- A&O 6s School 1926-1945 J&D b 4.50 to 4 25 % 5Ms School Oct 1 ’51 --A & 0 4.40 4 Mis High Sch 1940 - J&J 4.40 4.20 Polk Co 5s 1927-46_____J&D 4.60 4.60 4.40 4.40 4Ms Mimic 1933-’57 J&D 4.45 5Ms Aug 1 1951___ -F&A 4.40 5s School 1929, 1939. 1949 4.50 5s School 195,5 opt ’35 4.70 4.35 4.30 4.35 M&N1 5 Ask. 6s April 1926-1942 5s March 1926-1960 1954 opt 1924“ 3.93 4 4.15 4.25 4.20 4.25 4.50 4.80 J&J J&.T Bid. B onds. TEXAS. SOUTH CAROLINA '4 [Vol. 120, STATE AND MUNICIPAL BONDS 4.70 4.75 4s *1946-1950 M&N b 4.40 % b 4.40 to 4.25 % b 4.40 to 4.25 % b 4.40 % 4.60 4 Ms Bridge 1925-36 J&J 4.45 4.45 Spokane S D No 81 4 M s’29 J&J 4 Ms M ay 1 1931 M&N 4.45 5.15 M&N 4.75 5 UNITED STATES— See pages 16 &48 WEST V IR G IN IA UTAH. 4 Ms Capitol Bldg 'l 9.34 4Ms Road 1939 4.05 4.05 4 4 4 4 4.25 4.29 4.20 4.29 4.20 A&O .T&J R m Fid or Oo 4MsSch’32 F&A Ogden— 4 Ms 1929 J&J 4 *4 % 192fi-1945 4 Ms R of Wat, 1933 M&N 5s R ef 1925-1928____M&S 5s Refunding 1941 J&J 4 Ms M ay 1 1934 _ M&N 4 Ms refunding 1934 -M&N 4s R of 1926-1929 A&O 4s R ef 1930-1935 A&O 4s Ref 1936-1945 A&O 4s Ref 1946-1965 A&O 4 Ms Fob 1" 1932 F&A 4 Ms Aug 1 1933 F&A Salt L Co 4Ms ’26 op ’ 16 F&A b 4.25 b 4.25 b 4.20 b 4.20 99 M 99 M 99 99 to 4.10 to 4.10 to 4.10 to 4.10 100M 100 100 100 % % % % 4.25 4.25 4.25 4.25 3 Ms Jan 1 1939 _____J&J 98 b 4.10 to 4% 3.95 4.25 b 4.35 to 3.75 % b 4.40 to 3 75 % 4.25 4.70 4.25 b 4.30 to 4.20 % 4.40 4.50 4.25 4.30 Wheeling 5s W W ’32-’52-J&J b 4.20 to 4.15 % 4s Ref 1925 to 1936---J u ly b 4.10 to 3.75 % W ISCONSIN 6s W W 1925-1935_ M&N _ 6s W W 1936-1960 -M&N b 4.50 4.80 4.90 VERMONT. 4.50 4M S Oct 1 1925-1949 A&O 4.50 97 M 4.50 5s 1925-1939 J&J 4.50 V IR G IN IA 5s April 1945 A&O 5s Jan 1926-1940______ J&J 4.40 444s C H & Jail 1942 A&O 5s July 1925-1940 J&J 4.40 4 44s Bdge & Sch 1947 A&O 4Ms 1926-1939 J&J 4.45 4Ms Park l'92~6-1935_ J&J _ 3.90 4.50 1900 J&J 3.90 4.50 6s W at Ref 1926-46 M&S 4 4.50 544s Fund 1950 M&S b 4.20 4.10% 4Ms Sew Mar 18 ’36-’45 4.30 b 4.15 4.50 4.50 5 Ms Sch Bldg ’32-’54-F&A 4 Ms Julv 1 1936-48 4.40 Bristol 5 Ms S c h ’34-’ 5 3 .. -4.75 6s 1925-1941_ _ -F&A 4.40 Racine Co 6s 1930-1940 J&J 4.40 4.40 100-55 4.10 4.25 4.60 4s June 1 1929 j& D 4.35 4.30 b 4.20 to 3.75 % b 4.35 to 4% 5s 1934____ - _____A&O 4.40 5s 1937 and 1938 A&O 5s Audit M kt ’26-’49 J&J b 4.35 to 4% 4.30 4.35 b 4.60 to 4% W YOM ING 4.30 444 s Park 1947 J&J 4.39 3.75 6s Pub Bldg 1925-28____July 4.30 "4Ms Ref June 1 1927' J&D 4 4 ^ s Street 1947 M&S 4.30 4.25 444s 1950-- J&J 444s Park 1959......... A&O 4.30 4.25 5s 1928-1944 ............. - .......... 4s Water 1933 M&N 4.30 4 Ms Water 1951...........J&J 4.25 4s'R ef Oct 1934 ______ J&J 6s Fund Mar 15 1952.M &S_____________ Memphis S D 444s 1959- J& J -- _________ 4.20 4.20 b Basis. /F la t price, n Nominal. 1929, ’34, ’39 . _ M&N Cumberland Co 5s 1956 J&J 5 4.25 4.15 4.15 4.15 4.15 4.40 4.40 5 4.75 4.75 4.75 4.75 4.10 4.15 4.15 4.50 4 80 4.80 % 4.25 4.25 4.10 4.10 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 % 4.15 4.10 4.20 4.20 3.25 4.25 4.25 4.25 4.56 5 4.85 4.85 BANKS AN D TRU ST C O M P A N IE S . Quotations In this department are given per share, not per oent, except for stooks of Canadian Institutions, and are as near as possible for the c lo s in g d a y o f th e m o n th p r e c e d in g d a te o f i s s u e , though often are nominal. An asterisk (•) denotes sales. < Figures of deposits, oapltal and profits for the national banks are from the Comptroller’s last oall; for all other insti tutions they are the latest obtainable, direot returns being prooured by us where no perlodio statements are required. For the Clearing House banks of New York, Philadelphia and Boston, deposits are taken from the latest weekly statement ALABAMA— National banks Apr. 6; State institutions Apr. 0. Capital. Surplus A Gross Profits. Deposits. Par C A L IF O R N IA — (C o n clu d e d ) bid. Ask. Per 250 275 420 200 share. 260 300 450 225 Birm ingham — Amer Tr A Sav Bk_ Blrmlng’m Tr & 8 . First National Bank Traders Nat B ank. 796,765 11,859,645 1.000,000 i . 000.000 976,300 18,854,836 1,500,000 3,252,978 36,041,734 137,833 3,563,394 250,000 M obile— First National Bank Merchants’ B a n k .. People's Bank_____ 300.000 1,399,889 15,583,787 586,226 9,645,848 500.000 281,294, 4,242,343 300.000 Per 100 550 100 310 100 140 share 560 340 145 90,232 551,700 276,337 67,566 142,016 Per 100 112 100 153 100 137 100 102 100 217 share. 115 157 140 105 222 M ontgom ery— Exchange Nat Bank First National Bank Fourth Nat B a n k .. Alabama BkATr Co Onion Bk A Tr C o . 300.000 1.000,000 500.000 300.000 100.000 2,075,559 6,638,081 5,765,939 2,006,385 1,000,588 100 100 100 100 A RIZON A— National banks Apr. 6 State institutions Apr. 6. P hoen ix— Citizens State Bank Commercial Nat Bk Nat Bk of Arizona Phoenix Nat Bank. Phoenix S Bk A T r. Valley Bank______ 100,000 150.000 200.000 200,000 100.000 750,000 3,990 553,101 4,0011 499,085 115,852 4,717,173 212,681; 5,272,302 313,344 3,557,947 310,627 12,152,599 Per share. 100 100 100 100 ARKAN SAS— National banks A pv 6 State institutions Apr. 6. Pir L ittle R o ck — Amer South Tr C o . 1,000,000 387,828 17 ,882,349 25 Central Bank____ 200,000 42,088' 820,493 England Nat Bank 300.000 89,280; 2 938,070 100 300.000 232,537' 5 888,900 100 Ixchange Nat Bank 25 People’ s Sav Bank. 200.000 75,003| 3 228,265 Bankers Trust C o . . 300.000 137,879 9 137,970 100 Exchange Trust Co 100.000 92,676l 1 340,856 Colon Tr C o ______ 500.000 429,085 10 060,566 100 200.000 W B Worthen C o . 367,538, 3 538,775 Per P lne B l u f f 25 160 Cotton Belt S & T Co 100,000 77,741 971,343 Nat Bank of A r k .. 100,000 177,696 2,257,868 100 260 25 225 Merch A Plant B k. 175.000 215,749 2,680,776 25 145 Peoples 8 B A T r Co 100.000 69,179 675,000 Emm ons Nat Bant 200,000 453,650 5,450,060 100 265 share. share. 105 265 235 150 275 Capital. San F ra n cisco— Amer Bank of 8. F. Anglo London-Paris National B a n k .. Bank of Calif. N A . Bank of Italy ......... B a n c a P o p o la r e F u g azi_________ Brit-Amer Bank_ _ Canad Bk of C om . . Canton Bank_____ Crocker Nat Bank. Donohoe-KellyBCo First National Bank French-Amer Bank The San Fran Bank Humboldt Bank_ _ Italian-Amer Bank Liberty Bank_____ Mission Sav Bank The Mission Bank. Pacific Nat B a n k .. Wells Fargo Bank A Union Trust C o. Anglo-Calif Tr C o. Mercantile Tr C o .. First Federal T r Co United Bk A Tr Co San Jose— Bank of San J ose.. First National Bank Growers B ank____ Security Sav Bank Security State Bank S to ck to n — City B a n k _______ C om m ’l A Sav Bk. First N ational Bank Stockton S A L Bk. Union Safe Dep Bk 4.750.000 Surplus A Profits. Gross Deposits. Par 1,726,819 59,677,707 Bid. Ask. Per share 100 140 3,778,123 95,220,361 100 5.000. 000 8.500.000 9,014,567 78,570,247 100 220 17.500,000 8,724,853 324248 888 100 292 181 225 293 011,296 102 546,346 528,849 156,862 407,136 100 521,666 100 ,983,561 100 225 ,303,923 100 180 ,917,170 1000 ,873,610 100 160 ,814,481 ,575,347 ,423,902 100 ,409,796 ,633,533 110 1.057.000 1.000. 750.000 000,000 2,000.000 650.000 3.000. 1.250.000 1.000. 1.200.000 1.500.000 1,000,000 500.000 200.000 1,000,000 244 ,216 000 59 ,033 824 ,072 121 ,417 7,366 507 e242 886 1,703 000 ,481 820 ,747 e3,000 ,000 000 1,405 ,527 e603 ,023 113 ,488 277 ,952 198 ,133 227 ,092 260 9,000,000 8,020,411 110950 783 100 210 1.500.000 1,667,646 57,844,340 100 220 278 275 5.500.000 e4,921,416 144433 102 930,911 24,117,970 50 1.500.000 155« 812,490 41,796,947 100 4.500.000 Per share. 467,964 5,111,900 100 300.000 701,332 7,347,238 100 500.000 300.000 50,593 1,294,972 298,700 2,692,060 100 100.000 308,606 1,828,347 100 100.000 400.000 750.000 200.000 500.000 250.000 331,960 561,337 e415,005 1,023,301 e64,458 3,895,253 6,381,097 1,913,629 7,424,873 1,458,288 80 100 C AN ADA— See last page. COLORADO— National banks Apr. 6; State institutions Apr. 0. P ev s h a re C olorad o S p g s .Colorado Sav Bank 223,007 ,963,163 10C 50.000 115,5871 ,878,480 100 Colorado Spgs N B . 100,000 241,965! ,969,932 10C Exchange Nat Bank 300.000 CA LIFO R N IA— National banks Apr. 6. State institutions Apr. 6. First National Bank 381,021) ,824,909 10C ........... ......... 300.000 Colo Title A Tr C o . 99,348; ,733,096 ior 150.000 Fresno— P e r sh a re . Denver— 56,632 2,097,784 200.000 First Nat Bank____ American Natl B k . 554,075 10 ,373,847 500.000 Broadway Nat B k. 37,181) 3 ,152,183 — 200.000 Per share Los A ngeles Central S Bk A T r. 121,070 7 ,420,708 ~ioc 500.000 143 185,916 10,760,818 Bank of A m erica.. 1.500.000 . . . . . Colorado Nat Bank 1,000,000 1,705,053 33 ,716,296 10C ,035,772 45,502,841 100 325 000 Citizens' Nat Bank 4.000. Denver Nat Bank. 1,000,000 1,139,904 34 ,048,944 10C Commercial Nat Bk 1.000. 000 230 796,838 15,909,390 100 220 46,113; 1 ,184,196 Drovers Nat Bank. 200.000 145,913 6,908,216 100 117 Continental N a t .. 500.000 135 First National Bank 1,500,000 1,704,743 42 ,382,865 10C ,247,550 46,261,691 100 400 Farmers A Mer Nat 2.000.000 ,109,872 52,307 Globe Nat Bank_ _ 200,000 First National Bank 3.500.000 ,897,290 86,075,145 100 383 385 Clos ed e412 542,558 . . . . Italian-Amer Bank. 100.000 ,480,754 70,547,655 100 280 California B a n k .. 3.000. 000 ,246,261 15,500 Pioneer State Bank 100,000 Merchants’ Nat Bk 1.500.000 ,560,085 48,551,268 100 250 260 10,569 ,805,299 10C Stock Yards NatBk 250.000 153 203,191 10,406,510 Nat C ity Bk of L A 1.000. 000 ,460,314 100 ......... ......... U S National Bank. 550.000 1,166,300 139,268 b 12354503 California Trust Co 500.000 982,848 23,135 Guardian Trust C o. 240.000 ,632,829 209739 578 100 340 Security T r A S B k. 8.250.000 Home Sav A Mer ,174,998 73,786,073 100 Hellman Com T A 8 2.500.000 177,762 4,031,540 chants’ Bank___ 325.000 ,737,382 50,263,343 100 Citizens Tr A 8 B k . 2,000,000 International Tr Co 500.000 1,489,996 15,641,303 10C 132 Pacific National Bk 1,000,000 275,729 5,390,429 P e r s h a re . Leadville— ,762,041 175782258 100 Paciflc-S'w.T A 8 B 0,900,000 554,677 10C American N at Bank 21,620 100.000 107,795 4,467,686 100 188 U S National Bank. 500.000 220 954,862 10C 21,550 100,000 Carbonate Nat Bk. 498.151 13,644,160 . . . 190 Onion Bank A T r... 1.500.000 200 P u eblo— 500.000 1,051,948 14,765,110 10C First National Bank Per share O akland— Western Nat Bank. 100.000 154,265) 2,130,540 Central Sav Bank. . 800,000 1,478,720 27,864,129 100 180 200 100.000 Pueblo Sav A Tr Co 245,6721 4,991,508 Central Nat Bank. 1.000.000 1,418,488 20,869,479 100 215 40,574 2,301,945 100 New First Nat B k . 500.000 CONNECTICUT— National banks Apr. 6 State institutions A pr. 0. 139,392 4,987,878 100 Farmers A Mer Sav 300.000 Per share B rid g ep ort— Oakland Bank___ 1,500,000 3,247,959 52,527,452 100 240 250 225 City National Bank 1,000.000 1,209,136 10,157,158 100 220 Pasadena— 270 First National Bank 1,000,000 1,778,367 16,011,463 100 265 Central Nat Bank. 53,453 1,673,671 100.000 180 696,620 10,115,312 100 175 Bridgeport T r C o .. 1.000,000 12,083 346,303 Citizens Sayings Bk 100,000 185 Amer Bank A Tr Co 166,953 5,127,460 100 180 200.000 184,687, 5,367,875 100,000 C om ’l Bk of Pasad. 135 102,624 1,237,266 100 125 Comm’ l Bk A T r Co 300.000 184,687; 5,367,875 400.000 Flrat National Bank North End Bk A Tr 851,949 100 125 67,788 100.000 32,921 655,203 100.000 Pasadena Nat Bank 142 West Side Bank. 113,135 2,056,066 100 140 100.000 300.000 116,809; 3,159,897 100 Security Nat Bank. Per share. H a rtford — 341,532 10,096,054 800.000 First Tr A Sar B k . 206,065 17,781,744 100 420 C ity Bank A Tr Co 800.000 Per share. Conn River Bkg Co 30 200 761,163 4,197,040 150.000 S acram en to— First N atlonal Bank 1.150.000 1,363,963 8,125,145 100 240 364,157 13,118,707 100 California Nat B k . 1.000,000 330 Hartford-Aetna NB 2.000.000 3,750,924 16,446,467 100 320 393,302 10,290,584 500.000 Capital Nat Bank. 38.789: 583.795 100 100.000 Merchants Bk A Tr 508,934 11,241,377 100 California T r A 8 B 450.000 120 Mutual Bk A T r Co 79,590 2,625)324 100 300.000 Farm A Meeh B k .. 350.000 <396,436 6,320,020 100 325 Phoenix Nat Bank. 1.000,000 1,531,309 14,870,448 100 305 158,144 2,283,070! M erch N at’l Bank. 200.000 State Bank A Tr Co 400.000 980,839 8,276,511 100 450 500.000 1,164,982 8,456,388' 100 N B D O M ills A Co United States Secty 427,307 7,668,577 100 People’s B a n k ... 800.000 792,296 11,645,233 100 355 T r____ ______ a 1,000.000 Hartford-Conn Tr San B e rn a rd in o 2,000,000 2,956,328 19,490,720 100 480 C o ............... .. American Nat Bank 82,454 1,743,290 100,000 125,9111 2,520,122 100 310 Park St Trust C o. 100.000 California State Bk 129,513 1,186,218 100,000 374,77li 2,653,164 100 375 Riverside Trust Co 0150.000 San Bern N at Bk 319,726 1,756,806 100,000 312.328s 4.813 681 100 Travelers B A TrCo 100.000 326,231 2,919,216 150,000 San Bern Co Say Bk Per share. New H aven— Amer Bank A T r Co 151,259 2,608,594 100 165 100,000 San D iego— 225 100 121 130 119,094 2,764,957 200,000 Bway Bk A Tr Co 735,077 15,796,338 100 250 First National Bank 1.000,000 105 555,435 100 Citizens Bk A TrCo ®9,931 130.000 First T r A Sav B k . 500.000 200 216,190 4,325,473 100 175 - First National Bank 1,000,000 1,391,885 15,820,343 100 200 SanDiego T rA S B k. 300.000 ^,697,369 8,822,138 100 300 310 60 225 Mechanics’ B a n k .. 175 300.000 1,065,974 16,151,961 Secur Comm A 8 B . 89,150 2,410,053 100 160 250.000 50 77 79 525,776 8,161,659 Merchants Nat B k . 500.000 Union Nat B a n k .. . 300.000 175 99,599 2,541,227 100 150 New Hav B k N B A 1 200,000 2,122,968 7,503,800 100 210 100.000 United States N Bk 24,453 1,960,169 100 150 178 651,891 3,453,653 100 175 500.000 N atTradesmBk ATr 200 University A ve B k . 30,270 1,467,041 100 180 125,000 750.000 1,301,512 8,371,749 100 210 Second Nat B a n k .. Southern T r A Com 650 000 1,160,811 11,138,378 100 295 Tin A N Hav Tr Co 360,482 20,448.951 100 200 merce Bank_____ 1.000.000 215 — * Sale price, t Capital is to be increased, z Ex-dividend. A Includes Trust Funds, c Includes First Fed. T r. C o. Btock. d Oct. 10 1924. • June 30 1924. e D ec. 31 1924. t March 31 1924. b Trust Assets. a Note.— U. S. Security T r. C o. rights, 160 bid, 170 asked. Riverside Tr. C o. rights, 140 bid, 160 asked. 56 [V ol. 120. B A M S AMD TRUST COMPANIES ILLINOIS— National banks A pr. 6; Stats institutions A pr. 6. C O N N E C TIC U T— (C o n clu d e d ) Capital. Surplus < & Oross Profits. Deposits. Par. N orw ich — % % $ Merchants’ Nat Bk 100,000 81,734 623,335 Thames Nat B ank. 1.000,000 755,637 2,975,313 UncasNat Bank___ 63,657 100,000 734,059 Bankers Trust Co . _ 100.000 32,255 758,708 W aterbu ry— Citizens’ A Manufacturers’ Nat Bk 322,382 9,901,921 600,000 Waterbury Nat Bk 500,000 535,026 3,469,793 Colonial Trust C o . 500,000 1,300,644 8,036,779 Merchants T r C o .. 400,000 418,161 4,535,722 Waterbury T r C o . . 300,000 190,510 3,941,242 100 100 100 125 Per 100 125 100 125 Per 100 50 100 100 100 share. 110 130 105 130 share. 175 78 410 250 160 share. 130 130 62 205 115 120 280 292 125 share. 200 225 H 338 375 330 200 415 G E O R G IA — National bank* A pr. 6; State institutions A pr. 6. 351,974 50,555,298 59,217,230 34,979,354 10,185,061 2,702,827 4,797,441 5,202,045 A u gu sta— Georgia R R B ank. 1,000,000 338,582 9,054,026 Citizens A Sou B k . 3,000,000 2,804,352 59,217,230 400,000 236,131 3,354,360 Nat Exchange Bank Union Sav Bank___ 100,000 88,657 1,568,923 C olu m bu s— Col Sav Bk A T r Co Fourth Nat B a n k .. Home Savings Bank Merch A M ech B k . First Nat Bk of Col, ThlrdN atlonalBank 250,000 300,000 100,000 200,000 200,000 500,000 100 100 : 100 100 100 100 100 Per 100 272 245 325 130 185 145 280 Per a227,998 2,832,148 100 150 175,862 1,239,374 100 130 73,000 1,478,000 100 145 277,683 1,737,450 100 195 252,999 1,269,893 100 145 537,043 2,291,844 100 150 S avan nah— Citizens’ A Sou B k . 8,000.000 2,804,352 59,217,230 Exchange Bank . 146,000 1,980,000 250,000 Liberty Bk A T r Co 300,000 553,210 3,953,249 8 »vannahBk ATrC o 700,000 770,438 4,868,989 Citizens’ Trust C o . 300,000 104,517 1,044,176 100 100 100 100 100 100 100 100 share. 100 250 200 200 Per share. 245 125 175 200 190 125 130 ID A H O — National banks Apr. 6. 231,782 3,966,064 322,643 5,992^367 90,667 2,797,398 275 250 330 135 200 148 282 share. 160 132}* 150 200 150 155 Per 100 99 245 t 100 198 100 ____ 1 250,000 300,000 300 non share. Per share. 100 240 250 t 100 105 100 140 155 M acon— B ibb National Bank 200,000 90,000 1,200,000 Citizens A Sou B k . 8,000,000 2,804,352 59,217,230 Fourth Nat B a n k .. 500,000 634,772 11,155,492 M acon N at B a n k .. 198,088 2,384,525 150.000 B oise C ity— Boise C ity Nat B k . First N at of Idaho. Pacific N at B a n k .. ... 100 100 100 100 100 100 inal. 450 350 400 200 3,807,553 2,063,882 3,696,449 2,333,272 6,408,601 7,672,493 100 100 100 100 100 100 Per share 180 190 165 160 125 225 — 180 fin 1iq 4,113,336 200 000 44,206 1,366,134 200! 000 142,710 7,325,531 300,000 85,304 4,126,256 300,000 670,856 8,401,208 500,000 367,212 7,834,686 500,000 ■25,000,000 21,194,631 411191000 412,779 10,678,818 750.000 256,524 5,869,614 350,000 133 004- 2,430,483 978,319 Douglass Nat B k .. £22^991 200,000 Drexel State Bank. 382,323 9,272,892 350,000 497,245 14,674,556 1.000,000 100 100,062 3,551,109 200,000 12,500,000 17,956,723 236655968 661,446 7,241,231 l 200,000 Foreman Nat Bank. 4,000,000 4,588,341 64,563,423 Fullerton State Bk. 122,333 3,028,913 250,000 82,854 5,753,047 Garfield Pk St S B 300,000 250,000 1,635,395 Guardian Nat B k. 203,998 3,457,151 ’ 200’,000 2nn onn 57,867 2,205,662 079,703 3,477,074 200,000 328,535 5,101,897 Hyde Pk State Bk. 300,000 153,382 4,858,211 400,000 167,045 4,380,552 200.000 126,146 3,618,043 250,000 687,663 17,831,313 1,600,000 347,373 5,678,956 300,000 199,251 7,693,777 300,000 1Q8 544 5,809,762 250 000 188,306 4|669|343 sooiooo 68,536 3,208,220 400,000 200 O O O 63,378 2,782,876 463,715 11,648,517 l.o o o io o o M ad Sq State B k . 55,268 2,204,879 300,000 109,531 2,672,550 Market Trad St B 400,000 123,637 2,774,539 M otrop State Bk 200,000 4,000,000 1,514,131 81,218,586 114,251 3,556,435 1 300,000 £ 2,000,000 e l,658,306 38,188,191 401,443 7,203,210 182,232 8^498^873 200,000 299,675 8,852,045 1,000,000 51,093 1,402,278 £ 200,000 3 4fi3 815 15,625,717 State Bank. 167,774 3,634,113 r 400,000 218,677 7,577,713 500,000 164,041 8,417,130 £ 500,000 175,906 4,773,864 * 200,000 131,104 6,078,565 £ 400,000 83,905 2,409,996 200,000 251 247 5,284,374 4Q«’ l 22 7 814,085 Security Bank. 513|209 7,927,330 600,000 315,742 11,016,476 7 750,000 124,125 3,161,807 £ 200,000 3 2,500,000 6,563,493 54,239,104 638,225 15,797,671 £ 1.350,000 240,402 10,207,377 £ 337,500 21,296 1,978,015 250,000 57 QQ7 1,942,384 428,934 8,454,096 C 500,000 171,910 3,063,405 200,000 Unlv St Bk of Chic. 108,546 2,641,740 300,000 329,418 10,937,033 £ 800,000 100 100 100 100 100 100 Trust A Sav Bk. 300,771 5,227,099 500,000 170,260 5,094,071 £ 300,000 1 6.000,000 4,208,267 78,044,440 3 500,000 1,189,846 8,777,665 1,500,000 1,111,003 21,321,416 200 O O O 54 530 2,708,509 121422403 517I213 8,025,951 £ 250,000 Q7 270 1 345 902 72^477 2,763,659 3 250,000 Fidelity T r A 8 Bk. 73,961 4,374,654 400,000 6,250,000 10,534,893 117127961 740,891 11,381,847 1,000,000 £ 300,000 538,201 5,070,152 Greenebaum Sons’ 3 1,500,000 1,349,969 25,275,088 301,425 3,037,716 300,000 £ 3,000,000 4,874,112 60,973,508 1,000,000 596,642 8,960,988 » 15,000,000 35,231,207 357194607 r 200,000 62,795 1,592,130 116,194 3,862,578 200,000 237,141 5,586,938 3 500,000 754,477 11,931,371 £ 500,000 500,000 203,995 9,681,384 3 200,000 163,449 2,405,200 f 400,000 225,255 8,630,542 304,369 13,072,361 £ 750,000 Northern T r C o ... 2,000,000 5,347,469 54,587,627 £ 1,000,000 829,888 19,348,020 c 1,000,000 678,925 19,375,050 £ 500,000 424,700 7,691,241 £ 500,000 474,548 10,124,981 350,000 53,473 4,740,74c £ 1.000,000 957,616 15,436,270 £ 200,000 180,066 2,379,122 . 3.000.000 3,835,543 64,055,027 £ 700.000 248,926 13,769,87? k 500.000 312,260 9,409,040 100 100 100 100 100 100 100 100 10c 100 10c lo t 10c 100 $ 100,000 100,000 100,000 300,000 200,000 200,000 $ % 313,483 2,497,261 237,630 3,377,178 £285,984 2,498,768 207,863 2,738,270 313,775 2,336,785 227,165 2,430,642 . 200,000 200,000 200,000 200,000 300,000 400,000 138,928 104,549 104,342 74,463 254,186 148,657 of Chicago______ Broadway Nat Bk. State Bank. 163 F L O R ID A — Nat.banks A pr. 6; State institutions Apr 6. Jacksonville— Per share. Atlantic Nat Bank. 1,400,000 739,164 38,379,797 mo ffl65 Barnett N B of Jack 859,094 25,393,359 10C 750,000 Citizens Bank_____ 101,907 1,822,639 50,000 Florida Nat Bank _ 500,000 595,957 26,386,712 100 People’s Bank_____ 42,922 3,438,725 100,000 T am pa— Citizens Bk A T r . . 1,000,000 972,742 21,659,004 10C a40.363 1.735.335 Bank o f Commerce 200,-000 Exchange Nat Bank 500,000 554,703 13.371,437 100 First N atlonal Bank 1,000,000 691.698116.749.617 100 1160 First Sav A T r C o . . 500,000 e75,000 1,303,743 Nat C ity Bk .Tampa 176,750 1 3,647,166 500,000 67,376 3,635,303 2,804,352 2,464,871 333,731 a375,586 612,905 1,651,098 Ask Nom 435 335 375 200 150 215 Alliance N at Bank. Atlas Exch Nat Bk. Austin State Bank. O IS T . OF COLUMBIA— Nat. banks Apr. 6; other insts. A pr. 6. Per W a sh in g ton — Citizens Sav Bank. 200,000 93,566 1,164,165 Columbia Nat Bank 250!000 397,590 3,489,581 100 300 Commercial Nat Bk 1,000,000 454,370 14,940,978 100 156 Bank of Com A Sav 100,000 129,377 1,566,099 10 235 Departmental Bank 103,910 39,839 556,751 District N at Bank. 526,086 7,706,572 100 194 550,000 Farm A Mech N at. 405,014 3,130,401 ICO 240 252,000 Federal American Nat Bank______ 1,200,000 924,745 11,431,442 100 250 Franklin N at Bank 115,656 4,656,812 100 225^000 Liberty Nat Bank . 231,636 2,913,502 180 500,000 Lincoln N at B ank. 300,000 619,059 6,232,905 166 390 M erch Bk & T r Co 1,000,000 389,181 8,657,341 137 M t Vernon Savs Bk 160,000 105,581 3,138,904 Nat Bank o f W ash. 1,050,000 101,070 9T34.722 100 225 N at Capital B ank. 307,245 1,871,387 100 205 200,000 Nat M etrop B ank. 800,000 1,033,231 16,169,784 100 303 Pen Comm A R»v d4,781 340,545 100,000 Riggs Nat Bank___ 2,500,000 1,735,920 35,040,400 100 335 Second N at B a n k .. 363,068 5,712,771 100 185 500,000 Secur SavACom Bk 197,177 4,681,490 100 305 200,000 Washington Sav Bk 30,164 100,000 661,276 225 Amer Secur A T r Co 3,400,000 3,063,054 28,532,994 166 328 Continental T r C o . 1,000,000 164,023 3,125,754 100 87 N at Sav A Tr C o .. 1,000,000 2,327,754 10,930,445 100 440 Munsey Trust C o ._ 2,000,000 669,879 5,241,729 Union Trust C o ___ 2,000,000 853,971 7,212,055 166 183 United States S B k . 200,394 2,137,887 100,000 360 W adi Loan A T r Co 1,000,000 1,965,577 13,731,006 166 400 200,000 4,000,000 3,000,000 1,200,000 750,000 500,000 1,500,000 2,000,000 Bid. A urora— C h ica g o— DELAW ARE— National banks A pr. 6; State institutions A pr. 6. W ilm in g ton — Per Central N at Bank. 210.000 220,141 2,016,944 100 127 farm ers’ Bank____ 500,000 a l . 190,037 13,348,110 50 125 Industrial Trust Co 1,250,000 262,376 2,034,848 50 60 Nat Bk of Delaware 110,000 206,792 1,296,344 100 197 U nlonN atB ank___ 203,175 860,125 3,483,292 25 101 Delaware Trust Co 900,000 343,003 6,442,046 100 110 Equitable Trust Co 1,000,000 1,645,000 5,337,874 100 270 Security TAB D Co 600,000 971,996 6,314,668 100 281 Wilmington T r C o . 2,000,000 1,467,096 14,020,747 50 117 A tla n ta — American Sav Bank A tl A Lowry N at Bk Citizens A Sou B k . Fourth N at B a n k .. F elton N at B a n k .. G a Sav Bk A T r Co Atlanta Trust C o .. Trust Co of Georgia Surplus < & Gross Deposits. Profits. Par. Capital. Ask. Bid. ioo 100 100 100 100 100 100 100 100 100 100 150 103 250 180 370 290 349 180 190 390 300 353 200 200 105 235 200 205 164 477 390 409 170 190 100 235 100 100 180 100 225 100 200 100 260 180 160 200 100 250 100 200 100 100 375 100 135 100 100 190 130 100 110 100 135 100 195 100 160 100 173 100 184 100 180 100 213 92 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 225 263 160 230 200 250 275 160 345 270 215 143 555 280 ...... ...... 106 ... 135 .. 170 482 413 205 ___ 200 .. 200 210 ... ..... 140 200 140 120 140 200 ----177 100 210 300 300 225 570 290 455 _____ 210 210 150 250 220 ..... 160 290 225 234 380 165 300 ... 238 385 170 360 ... - 126 130 115 125 - - - - - - _____ 235 100 425 lo t 255 lo t 405 lot 1265 100 1475 10c 135 lot 175 lot 222 lot 325 lot 200 100 185 lot 210 lot 220 100 400 lot 325 lot 250 lot 250 lot 225 lot 200 lot 170 100 175 100 329 100 245 100 255 440 265 275 480 140 ..... 225 200 230 230 180 190 255 265 • Deo. SI 1034. 6 Capital to be Increased. • M ar. 31 1034. d Deo. 31 1034. • O ct. 10 1034. g B ook value, a E x. d lv . Sept. 14 1033. < Deo. 31 1033. » June 30 1024. t Include* trust deposits. 1 Branch of Sarannah. k New stock. 1 Last sab • Consolidation. J une, 1925.] IL LIN O IS— (C o n clu d e d ). Surplus d k Gross Capital. Profits. Deposits. Par. E lgin— Elgin Nat Bank___ First National Bank Home Nat Bank___ Union Nat Bank___ Elgin C ity B ’k’g Co Home T r'A Sav Bk P eoria— Central Nat B ank. Commercial Nat Bk Dime Sav A T r C o . First National Bank Home Sav A State. State Tr A Sav B k . Merchants A 111 N B First Tr A Sav B k . 57 BANKS AND TRUST COMPANIES Bid. $ 69,258 156,954 295,073 70,000 197,700 187,204 300,000 750.000 250.000 580,000 250,000 400,000 500,000 200,000 693,570 1,464,701 262,026 918,857 183,227 174,522 743,483 418,737 5,564,140 8,804,005 3,145,075 6,938,368 3,323,661 1,862,990 6,840,333 3,427,165 100 100 100 100 100 100 100 100 Q u in cy— Illinois State Bank. 300,000 Qulncy-R N B A Tr 500,000 State St Bk A T r Co 500,000 Mercantile Tr A SB 200,000 State Sav L A T rC o 1.000,000 163,383 159,928 103,674 144,010 663,024 3,330,329 5,307.068 3,764,400 2,383,934 7,803,332 Per 100 100 130 100 130 100 167 100 190 R o ck fo rd — Commercial Nat Bk Forest City Nat Bk Manuf’rs N at Bank Peoples Bk A T r Co Rockford Nat Bank Security Nat Bank. Swedish-Am Nat Bk ThlrdN ationalBank 200,000 300,000 400,000 250,000 750,000 200,000 125,000 500.000 73,390 298,515 512,419 236,662 815,642 75,038 241,068 360,419 992,542 3,595,638 3,609,110 2,501,704 9,482,639 1,452,335 2,866,845 4,134,920 100 100 100 100 100 100 100 100 S p rin gfie ld — First National Bank Illinois Nat Bank... Ridgelv-Farm’s S B Sp’gfleld Marine Bk First State T r A Sav 500,000 k 212,348 5,756,988 300,000 123,770 4,719,260 600,000 292,408 7,163,383 500,000 509,660 8,051,194 800.000 k 317,539 5,110,871 100 100 100 100 100 INDIANA— National banks A pr. 6; State institutions Evansville— Citizens’ Nat Bank 500,000 354,583 9,593,569 Lamasco Bank____ 100,000 58,908 1,293,048 500,000 223,493 6,388,216 National City Bank MercantlleCom’lBk 200,000 60,683 1,788,41C 48,031 1,292,293 North Side B a n k .. 100,000 k Old Nat B a n k ... 218,833 7,544,633 500,000 215,000 4,350,000 West Side B a n k ... 250,000 167,272 2,788,335 Am Tr & Sav Bank 250,000 81,480 1,086,512 Citizens T r A S B k . 100.000 6,426 365,621 Farmers Trust C o . 100,000 F ort W ayno— 505,801 12,892,159 First Nat B k ______ 1,000,000 469,001 5,817,325 300,000 Lincoln Nat Bank. 622,232 8,204,804 Old National Bank. 500,000 210,214 4,627,029 Citizens’ Trust C o . 300,000 43,071 1,661,280 Dime Sava & T r Co 225,000 50,049 1,571,582 200,000 Farmers Trust C o . 212,211 4,802,229 500,000 Llncoln Trust C o .. 383,699 4,944,341 200,000 People’s Tr & Sav Co 709,853 13,689,694 500.000 Tri-State L A T rC o In d ian ap olis400,000 214,150 4,327,224 Continental Nat Bk 656,486 26,443,304 Fletcher-Am N at Bk 3,000,000 2,000,000 2,311,764 23,894,436 Indiana Nat Bank 90,300 1,049,352 Live Stock B k_____ 200,000 Merchants’ Nat Bk 1,250,000 1,767,750 11,183,818 485,261 4,890,986 Meyer-Klser Bank. 200,000 79,552 4,399,422 National C ity Bank 1,000,000 k 105.983 2,405,007 People’s State Bank 125,000 43,985 2,275,789 Aetna Tr A Sav C o . 250,000 130,365 3,352,137 Bankers Trust C o .. 250,000 116,404 1,730,114 City Trust C o _____ 150,000 210,000 2,095,690 300,000 Farmers Trust C o . 100,000 1,823,319 100,000 Fidelity Trust C o .. 850,447 18,574,277 Fletcher Sav A T r . 1,500,000 Indiana Trust C o .. 1,000,000 1,137,254 8,660,731 189,559 2,385,559 750,000 State Sav A Tr C o . 265,624 3,676,039 200,000 Security Trust C o . _ Union Trust C o _ 600,000 1,539,129 30,793,633 59,247 2,180,349 Wash Bank A T r Co 100,000 108,008 5,666,579 Wild & Co State Bk 100,000 Terre H aute— 700,000 463,089 3,167,362 First National Bank 595,306 2,941,357 500,000 M cKeen Nat Bank 328,081 2,529,121 300.000 Terre Haute Nat Bk 139,253 1,771,240 Citizens T r. C o _ _ 400,000 790,602 7,811,850 500,000 Terre Haute Trust. 343,440 5,405,140 500.000 United States T r Co IOW A— National banks Apr. 6; State institutions May B u rlin g to n — 628,249 4,841,939 Amer S Bk A T r Cc 300.000 72,589 2,270,164 Burlington Sav Bk. 100.000 k First Iowa State Tr 638,810 8,690,072 Sav B k ________ 600.000 106,738 2,203,615 Merchants’ N at Bk 100.000( C edar R ap ids— 475.000 12,028,000 Oed Rapids Nat Bk 800,000 229,601 3,707,879 Oed RapSBkATrCc 200.000 65,000 2.923.000 Iowa State Sav Bk. 200,000 i 657.000 14,064,000 Merchants’ Nat Bk 800,000 100,000 i 63,000 2.025.000 People’s Sav Bank. 201.000 3.033.000 Security Sav Bank. 200,000 186,205 3,511,862 200,000 Amer T r & Sav B k. C o u n cil B lu ffs 101,075 2,503,557 120,000 Clty National Bank 10,000 870.155 100,000 Commercial N at Bk 253,226 4,143.973 150.000 Coun Bluff Sav B k. 175,030 4,376,141 Flrst National Bank 200.000 183,042 3.352.460 50,000 State Savings Bank D a v en p ort— ■ Amer Com Sav B k . 1,000 ,000 1,136,568 20,485,342 389,510 4.976.461 200 ,000 First National Bank 72,315 1,128,209 50 ,000 Home Sav Bank___ 266,421 5,039,387 150 ,000 Iowa NatlonalBank 150 ,000 ! 140,000 1.300.000 Security Sav Bank. 500 ,000 Scott Co Sav B ank. 120,746 6,842,377 334,437 126,396 American Trust Co 100 ,000 871,721 12,565,584 800 ,000 Union D av T & 8 . 1,706,637 150 ,000 95,728 Citizens’ T r A S Bk Ask. Per share. $ 1,295,717 100 2,241,909 100 2,219,330 100 1,000,000 100 2,422,328 100 1,818,513 100 $ 100,000 200,000 150,000 100,000 180.000 100.000 325 345 375 350 195 130 275 _____l _____l _____l _____ l _____ l _____ 1 _____l _____ I 350 350 400 360 200 132 285 share 160 140 150 175 200 110 225 200 200 275 132 250 185 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 No 100 100 100 100 100 too 1. Per share. 200 220 170 180 190 200 105 115 125 130 190 200 180 200 175 190 200 220 85 90 Per share. 210 215 270 280 290 300 190 195 120 125 135 140 165 175 300 310 300 310 106 149 252 160 303 167 108 125 115 210 154 219 217 200 340 150 minal 170 210 210 135 250 150 264 t-~ m _ _ 110 227 86 360 t ____ prices 185 215 225 150 280 160 Per share. 318 210 100 200 100 200 210 210 iop 100 100 100 100 100 100 250 200 200 350 150 250 275 share. 166 100 100 100 100 100 100 100 100 $ 339,300 126,899 301,965 r79,356 413,639 259,832 103,625 30,617 863,492 r38,423 307,038 ®63,560 13,268 241,360 199,831 140,396 512,296 $ 4,282,838 3,391,189 8,190,892 3,541,434 17,316,219 8,521,043 2,557,074 1,633,380 18,774,822 1,589,577 4,727,277 1,537,664 512,764 4,957,410 3,017,306 729,241 8,404,031 123,411 294,582 104,486 289,489 234,671 5,295,818 4,483,994 1,258,815 3,296,107 2,728,946 254,487 107,130 128,956 159,224 320,136 191,896 £110,114 30,598 10,849,603 4,137,315 4,735,013 5,816,286 5,988,159 3,338,303 3,198,237 1,037,495 B it. Ask. No minal prices 100 100 100 Clos ed. 100 100 100 100 100 100 Clos ed. 100 100 _ m _ 100 100 100 100 Per 100 100 250 100 100 200 100 175 Per 100 195 100 250 100 100 100 100 100 100 a£ar». 150 260 175 225 200 snare 195 250 KANSAS— Nationalbanks A pr. 6; State institutions M ar. 23. 100 300 100 200 100 100 100 Des M oines— $ Bankers Trust C o .. 1,000,000 Cap C ity State Bk 150.000 Central State Bank 250.000 Commercial Sav Bk 200.000 Des Moines Nat Bk 1.000,000 Des Moines S B & T 400,000 Home Savings Bank 100,000 Iowa T r A Sav B k . 100,000 Iowa National Bank 1,200,000 Mechanics’ Sav Bk 100,000 People’s Sav Bank. 100,000 United State Bank 200,000 University State Bk 50,000 Valley Nat Bank 500,000 Valley Sav B a n k .. 150.000 Central Trust C o ._ 500.000 Iowa Loan A T r Co 500.000 D u bu q u e— Consol Nat B a n k .. 500,000 First National Bank 200,000 Pioneer Tr&Sav Bk 150,000 Union Tr A Sav Bk 150,000 Iowa Tr A Sav B k . 300.000 S lou z C ity— First National Bank 1,000,000 Live Stock Nat B k. 200,000 T oy Nat B ank___ 200,000 Sioux Nat Bank_ _ 400,000 Security Nat Bank. 250,000 W oodbury Co S Bk 100,000 Farmers’ L A Tr Co 150,000 First Trust A S Bk 100,000 Per share Apr. 6. 100 100 100 100 100 100 100 100 100 100 IO W A — (C o n clu d e d ) Gross Surplus A Deposits. Par. Profits. Capital. 235 190 180 300 125 225 267 Per Per share. K ansas C ity— Commercial Nat Bk Exchange State B k . Commer’l State Bk People’s Nat Bank Rlvervlew State B 1 T op ek a — Central Nat Bank. Farmers’ Nat Ban! Fidel Sav State Bk. Nat Bk of Topeka Shawnee State B k. State Savings Bank Topeka State Bank Central Trust C o ._ W ich lta — Central State B k .. First N ational Bank First Trust C o ____ Fourth Nat B a n k .. Merch Res State Bk State Reserve Bank Southwest Nat B k . Unlon Nat Bank___ Union Stk Yds Nat Wichita State B k .. 8,192,659 2,500.000 1,505,076 3,030,842 2,537,909 800,000 200,000 100,000 200.000 100,000 257,595 86,000 96,887 72,514 134,671 500 000 100 000 200^000 loojooo 200 000 500^000 60,000 100,000 50,000 400 000 124,025 6,835,524 35 139 1,153,269 12,721 1,678,632 610,892 29,994 158,415 4,152,108 t‘21,981 50,000 52,201 160,634 992,960 2,177,425 1,856,990 2,337,999 100,000 1,000,000 100,000 1,000,000 200,000 500,000 200,000 200,000 100,000 100,000 11,765 1,020,679 85.000 348,826 t'26,425 105,000 45,907 39,638 15,429 30,821 810.893 18,847,059 508.000 13,433,725 1,261,416 5,000,000 1,723,478 1,038,321 700,300 2,288,589 Per share 100 190 215 * 100 200 _ ^ 100 175 100 160 100 210 100 100 100 100 100 ______ 100 100 100 100 100 100 100 100 100 100 100 275 125 300 150 125 90 100 95 175 150 115 125 110 110 225 KE N TU CK Y — National banks Apr. 6: State institutions Dec. 31. Per share. C o v in g to n — 250 Citizens’ Nat Bank 200,000 256,749 2,356,083 100 190 200 First National Bank 518,854 4,951,235 106 175 500,000 130 Liberty Nat Bank. 350.000 230,206 3,873,767 100 126 180 Covington S B A Tr 141,848 1,556,442 100 175 100,000 120 People’s S Bk A Tr 100,000 133,927 1,568,851 100 115 Per share. L ex in g ton — Bank of Commerce 300,000 250,000 3,067,910 100 160 300,000 328,033 2,482,288 100 197 Fayette Nat Bank. ______ First A C ity Nat Bk 800,000 450,000 3,668,640 100 196 300,000 61,811 2,758,387 100 135 Guaranty Bk A T r. 155 PhoenixN atB kA Tr 1.000,000 467,333 3,812,749 100 150 215 234,434 1,163,104 100 210 Second Nat B a n k .. 150,000 275 99,000 1,940,000 100 265 100,000 Union Bk A Tr C o. 400 177,585 2,395,411 100 390 Security Tr C o ____ 500,000 Per share. L ouisville— ______ Citizens’ Union N B 1,000,000 1,909,839 27,933,132 100 350 First National Bank 500,000 600,906 11,093,547 100 420 500 500,000 1,074,338 17,094,774 100 475 Liberty Ins B a n k .. 200,000 315,713 2,268,530 100 260 Security Bank_____ 477,592 4,237,536 J100 Kent T it S B A T Co //250.0001 90 uoo IfllOO.OOOJ Lincoln Bank A T r. 750,000 221,169 6,670,168 100 152 Louisv Nat B a n k .. 500,000 319.160 7,748,044 100 192>* 350 Nat Bk of Kentucky 2,500,000 4,793,841 46,203,402 100 340 190 901,501 100 180 Stock Yards Bank. 100,000 76,358 494,086 250,000 27,679 Bankers Trust C o .. 115H ____ Fidelity A Colum Tr 2,000,000 1,095,055 4,445,270 100 205 212)4 806,100 344,003 5,092,350 100 208 Louisville Trust Co United States Tr Co 350,000 184,207 1,571,508 100 150 Per share. N ew port— 225 American Nat Bank 100,000 266,366 1,446,340 100 220 — Newport Nat Bank 100,000 280,000 2,659,910 100 200 LOUISIANA— National banks Apr. 6: State institutions Apr. 3. New O rleans— American Ba’k A Tr Canal-Commercial Trust A Sav B k. Int-State T r A B Co New Orl Bk A TrCo Marine Bk A T r Co Whltney-Cent N B Hibernia Bk A Tr Co Whltney-Cent T r A Savings Bank___ S h reveport— American Bk A T Co American Nat Bank C ity Sav Bk A T r Co Commercial Nat Bk Exchange Nat Bank First National Bank C ontln'l B A T r Co 500,000 £346,706 5,531,652 4,750,000 3,143,643 69,897,003 750,000 1,420,000 13,600,000 800,000 £250,410 6,678,313 1 500,000 839,696 24,551,331 2,800,000 r3,917,379 57,441,154 2.000.000 2,666,231 55,501,625 1.000,000 r3,917,379 57,441,154 100,000 150,000 500,000 1.000,000 200,000 1,000,000 300,000 46,841 56,726 494,407 512,612 12,040 492,285 230,146 Per share. 180 100 241 100 304 137 100 190 100 305 100 325 305 Per 1,024,307 100 155 2,555,619 100 150 8,086,028 100 320 15,914,358 100 230 1,742,422 100 90 11,024,826 100 320 4,826.400 100 225 310 195 310 330 310 share. 160 160 325 235 100 325 235 • Sale price, a Includes one-half share of Kent Title S. B . A T r. com . stock, x Ex-dlvldend. n Aug. 21 1924. r Consolidated statement. •Sept. 29 1924. y Last sale, g Preferred. 6 New stock, c Unified includes Cltz-Unlon Fid. A C ol. T r. t Includes T r. deposits. • April 6 1925. k D ec. 31 1924. t Private banks, stocks closely held, m In process of liquidation, d June 30 1924. t N ov . 12 1924. t Stock of Citizens T r. A Sav. Bank held b y Citizens’ National Bank. BANKS AND TRUST COMPANIES 58 M ASSACHUSETTS— (C o n clu d e d ) IA1NB— National bants Apr. 6; State institutions Dec. 31, 1924. Capital. Surplus < Profits. k Gross Deposits. Par. Bitt. Ask. B an gor— First N ational Bank Merchants’ Nat Bk Eastern T r A Bkg Co Merrill Trust C o . . . S 400,000 100,000 175,000 500,000 b $ 427,083 268,723 939,895 553,273 $ 6,470,671 2,352,732 7,559,329 10,719,862 100 100 100 100 Per share 85 280 400 320 280 P o rtla n d — Canal Nat Bank___ Chapman Nat Bank First N ational Bank Portland N at Bank Fidelity Trust C o ._ Casco-M erc’tlle T r . Forest C ity T r C o . Union S D A Tr Co U S Trust C o ______ 600,000 300,000 600,000 300,000 400.000 500.000 150,000 250,000 200,000 590,356 203,245 550,077 902,932 963,757 448,537 42,344 433,300 216,128 3,533,615 5,061,426 8,251,966 9,374,794 15,010,685 10,130,394 1,356,400 2,921,946 2,955,409 100 100 100 100 100 100 100 100 100 Per 125 140 132 300 220 160 80 300 155 share 130 150 138 350 240 180 350 165 M ARYLAN D— National banks Apr. 6; State institutions Mar. 31. B altim ore— Balt Com m ’ l B ank. Calvert Bank_____ Canton Nat Bank. Citizens’ Nat Bank Oommonw'lth Bank Drov A Mechanics’ National B a n k .. Farm A M er N B k . Mercantile B a n k .. Merchants N at B k . Nat Bank of B a lt .. Nat Cent Bk of Balt Nat Marine B a n k .. Nat Un Bank of M d Old Town N at B k . Park B ank________ Weet Baltimore Bk Western Nat Bank. Baltimore Trust Co Century Trust C o . Colonial Trust C o . Commerce T r C o ._ Continental T r C o . ■qultable Trust Co Fidelity Trust C o .. Maryland Trust Co M erc’t ’le T r A Dep tale Dep A Tr Co •ecurityStor’geATr Title Guar A T r Co Union TruBt C o ___ F rederick— Citizens’ Nat Bank Oomrn’ l State Bank Farm A Mech N Bk Fred’k C o Nat B k. Fr’k Town Sav Inst Central Trust C o . . 780.000 369,296 9,759,676 200.000 o 306,291 7,340,399 100.000 100,000 2,500,000 2.000,000 6,441,746 29,186,025 300.000 199,970 7,079,965 600.000 630.000 100.000 4.000. 1,800,000 400.000 400.000 1.000. 800.000 500.000 100.000 800,000 3.500.000 500.000 300.000 750.000 1.350.000 1.250.000 1.000,000 1,000,000 1.500.000 1.200.000 200,000 400.000 750.000 100.000 160.000 125.000 150.000 150.000 275.000 1,055,553 14,787,349 436,840 6,710,868 387,896 3,992,350 2,702,482 46,004,162 000 1,235,752 18,875,996 549,332 3,959,015 325,407 4,091,982 974,580 9,019,437 000 380,525 3,688,344 363,147 3,747,104 119,460 1,720,577 678,894 4,758,319 3,871,045 38,813,437 577,045 3,992,876 178,519 1,932,339 324,718 2,436,867 ol,799,402 10,579,447 1,350,195 18,842,986 2,249,545 17,253,067 637,236 9,794,820 3,778,900 17,177,000 3,911,143 16,774,114 250,980 1,193,760 523,709 8,370,993 1,011,915 18,223,014 745,170 90,426 286,047 71,836 224,033' 536,383 I 5,924,145 2,528,293 3,118,673 1,999,630 2,906,574 7,273,096 M ASSACHUSETTS— Nat. banks (etc. Boston) Apr. 6; State insts. Apr. 6. B o sto n — Atlantic N a t B k ... Boston Nat B a n k .. Brotherhood of Loc Eng Nat B a n k .. Citizens' Nat Bank Comm Sec N a tB k . Federal Nat B k___ First National Bank Merchants’ Nat Bk Nat R ock Bk o f Rox Nat Shawmut Bank Nat Union B ank___ Second Nat B a n k .. Web A Atlas N B k. American Trust Co Bk of Com A T r Co Beacon Trust C o .. Boston S Dep A Tr Charlestown Tr Co Columbia Trust Co ■xchange Trust Co Jamaica Plain Trust Liberty Trust C o .. Massachus’ts T r Co New Eng Trust C o . Old Colony Tr Co - . Roxbury T rust____ State St Trust C o . . O 8 Trust C o _____ Wlnthrop Trust Co Beverly— B iverly Nat Bank. B iverly Trust C o . . B ro ck to n — Brockton Nat Bank _ Home Nat Bank_ Plym’ th Co T r Co C am bridge— Manufac Nat BanL Cambridge T r C o .. Central Trust C o .. Harvard Trust Co Deposits oj Nat. banks date May 2 7 19 25 Per share 4,500,001 3,339,883 86,020,000 100 228 232 200,000 80,571 3,099,000 100 500,000 750.000 500,000 1.500,000 20,000,000 3,000.000 300,000 10,000,000 1,000,000 2.000,000 1.000,000 1.500,000 600,000 1,000.000 1.000,000 200.000 100,000 1,000,000 200,000 750,000 1,000,000 1,000,000 18.000,000 200,000 2,000,000 1.000,000 100,000 100,000 r l,773,456 628,873 8,180,000 361,988 6,146,000 1,663,612 27,577,000 24,041,324 256602000 5,920,070 54,323,000 810,230 r8, 842,692 7,861,638 149896000 1,615,839 14,187,000 4,266,161 36,000,000 1,368,975 12,344,000 2,817,612 24,335,692 150,279 c3,780,204 1,954,544 C22414 816 3,793,313 16,976,749 23,543 c3,163,860 125,154 c2,749,171 1,026,593 cl6417,878 41,763 c3,708,498 768,740 cll652,355 821,213 c20133,759 2,713,433 22,525,101 12,184,354 155448 886 s 24,574 1,409,392 2,862,255 41,930,465 1,415,602 18,127,001 92,895 2,178,709 300,000 100,000 384,809 2,984,626 46,065 1,214,000 600,000 500,000 200,000 645,693 8,070,633 507,281 7,960,856 89,832 c3,631,818 200,000 100,000 461,700 400,000 45,762 332,813 982,029 815,347 2,624,172 5,219,088 13,117,835 10,106,401 100,000 157,387 1,914,806 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 115 170 100 310 330 360 207 202 370 208 375 265 270 460 165 175 195 125 200 270 270 350 400,000 Fall R i v e r - 556,209 6,475,460 Per 100 155 100 105 Per 100 175 100 165tf 100 Per 100 100 100 100 Per 100 Per 100 150 650,000 500.000 800,000 200,000 658,716 521,191 853,326 93,316 100 100 100 100 [V ol. 120. 110 125 175 103 312 340 210 385 268 275 173 183 210 103 375 share 160 110 share 125 share share £225 share — Capital. Gross Surplus d k Deposits. Par. Profits. Bid. As* Per stars H averhill— S S S 150 Essex Nat Bank___ 100,000 301,233 2,938,206 100 150 First National Bank 3,419,787 100 275,661 200,000 Haverhill Nat Bank 759,951 3,019,760 100 200,000 Merrimack Nat Bk 348,868 1,918,961 100 150 240,000 115 Haverhill Trust C o . 137,819 c3,506,428 100 200.000 H olyoke— C ity National Bank 331,902 4,603,698 100 140 800,000 Holyoke Nat Bank. 200,085 8,095,128 100 148 400.000 Park National Bank 141.314 1,711,115 100 132 100,000 Hadley Falls T r Co 380,112 c9,211,877 100 160 500,000 Per share. L aw rence— 195 Bay State Nat B k . 298,566 4,963,668 100 190 600,000 150 Arlington Trust Co 200,000 o 185,645 6,969,072 100 145 150 145 Lawrence Trust Co 304,419 9,935,156 100 200,000 193 Merchants’ T r C o. 190,000 c8,065,208 100 188 300,000 Per share L ow ell— 135 Appleton Nat Bank 316,312 1,631,183 100 130 300,000 120 Ola Lowell Nat B k. 334,877 5,045,593 100 115 200,000 255 Union Nat Bank_ _ 944,033 4,466,492 100 250 350,000 115 112 680,901 100 182,327 Wameslt Nat Bank 250,000 115 110,219 3,412,238 100 110 _ Lowell Trust C o _ 240,000 150 160,198 4,572,480 100 Middlesex Nat Bk 200,000 Per share. L ynn— 255 586,042 6,096,689 100 Central Nat Bank 200,000 292,816 4,691,205 100 152 M anufac’rs Nat Bk 200,000 317,695 5,588,291 100 160 National City Bank 300,000 37,409 1,640,534 100 93 State N ational Bank 200,000 460,244 2,890,918 100 196 Essex Trust C o ____ 250.000 Lynn S Dep A T Co 473,705 4,639,787 100 368 100,000 95 20,834 c l ,440,998 100 Sagamore Trust Co 125,000 200.000 361,392 c8,298,213 100 227 Security Trust Co ~ Per share. New B ed ford — 300 880,596 11,539,901 100 290 First National Bank 500.000 Merchants’ Nat Bk 1,000,000 1,891,753 8,512,037 100 300 822,566 7,834,730 100 280 Safe Depos Nat Bk. 800,000 Per share. P eabody— 120 238,451 2,653,729 100 120 200,000 Warren Nat Bank Per share. Salem— 87 87 80 314,799 3,852,619 Merchants Nat Bk 200.000 175 430,929 6,049,008 100 175 Naumkeag Tr C o .. 250,000 100 200,000 66,241 2,241,331 100 Salem Trust C o . . . S p rin gfield — 577,000 7,744,960 100 160 Chapin Nat B a n k .. 500,000 964,980 10,947,881 100 240 500,000 Chicopee Nat Bank Springfield Nat Bk 500,000 1,098,237 12,570,499 100 265 _ 1,000,000 1,822,214 16,689,664 100 [320 Third Nat Bank_ 169,460 3,706,670 100 130 Commercial Tr C o . 350,000 500.000 1,612,684 9,563,686 100 385 8prlngfleld S D A T Union Trust C o. 500 000 1,739,637 13,489,286 100 485 110 111,547 1,836,399 — West Springfield Tr 150,000 Per share. T a u n to n — 201,000 1,700,000 100 Machinists’ Nat Bk 200,000 199,610 4,237,600 100 120 Bristo iCounty Tr 300,000 Per share. W orcester— 656,997 15,521,272 100 225 400,000 Mechanics’ Nat Bk Merchants’ Nat Bk 1,800,000 1,178,398 24,217,863 100 190 200 125 83,337 2,527,206 100 300,000 Bancroft Trust C o . Worcester Bk T r Co 1,500.000 1,970,640 33,812,227 100 220 H tC H IQ A N — National banks Apr. 6; State institutions Apr. 6. Per share Bay C i t y 200 275,553 5,028,335 100 170 350.000 Bay C ity Bank____ 279,269 6,047,793 100 Bay Co Savs Bk. 400.000 175 86,507 1,484,219 100 150 100.000 Farmers’ St Sav Bk 310,032 6,222,018 100 400.000 First Nat Bank____ People’s Commer 300 802,412 10,947,909 100 225 cial A Sav Bank 400.000 Per share D etroit— 194 523,341 c26369 752 100 193 Amer State B a n k .. 1.500.000 177 813,145 C39482 411 100 161 Bank of Detroit___ 2.000,000 305 852,529 c29989 606 inn 300 Central Savgs Bank 1,000,000 120 215.268 cl, 148,228 100 115 Commercial St S Bk 1,000.000 Com ’wealth Federal 140 287,913 C11133 843 100 138 750.000 Savings Bank_ _ 100 40,000 c2,713,608 100 700.000 Continental Bank. 305 Detroit Sav B a n k .. 1.500.000 2,447,115 c34813 713 100 295 Dime Savings Bank 1.500.000 3,155,827 C57199 603 100 321 5,942,634 97,911,966 100 308 000 First National Bank 5.000. 874.268 C17665 329 100 140 2.500.000 First State Bank Highl’d Pk State Bk 1.000. 000 ol,353,092 c24548 548 100 280 Merchants’ Nat Bk 2,000,000 1,730,903 28,435,509 100 210 53,557 3,244,164 100 250.000 M ich St Bk of D et’ t £302 Nat Bk of Com m ’ce 2.000.000 2,859,231 55,144,159 100 Peninsular State Bk 2.500.000 1,808,971 C39090 205 100 218 10,918,487 C136619539 100 450 000 People’s State Bank 5.000. 436,038 C11971 716 100 225 United Savings B k. 750.000 445 8,172,235 c93210 101 100 420 W ayneCoHoSavBk 4.000. 000 115,503 g l,654,651 100 107 500.000 Amer Trust C o ____ 046,292 100 443,576 500.000 Bankers Trust C o . . 5,052,067 015181 075 100 345 000 Detroit Trust C o._ 2.000. 223,882 02,532,506 100 500.000 Fidellty Trust C o . . 203 824,619 100 195 330,997 300.000 Guaranty Trust Co 1,000,000 2,080,057 07,788,523 100 345 Security Trust Co 280 100 270 2.000.000 1,566,169 018532 547 Union Trust C o .. Per share. G ran d R apids— 4,682,444 100 215 425,151 300.000 Fourth Nat B a n k .. 150 640,487 11,652,420 100 142 Gr Rap Nat Bank. 1.000,000 578,900 C19877 406 100 260 500.000 Gr Rapids Sav Bk. 86,452 c3 , 489,601 100 155 250.000 Home State Bk for 8 814,898 C20243.328 100 200 Kent State B an k .. 1,000,000 600.000 1,240,481 12,551,125 10(1 220 Old National Bank. 296,396 0403,636 100 220 300.000 Grand Rap Tr C o . . 706,613 01,017,398 100 198 Michigan Trust Co. 1,000,000 Per share. Saginaw — 220 Bank of Saginaw .. 1.000,000 1,079,316 16,849,995 10C 215 235 228,549 c4,727,132 10G 225 200.000 Amer State B a n k .. 235 124,281 c2,572,203 10C 225 100,000 People’s Sav B ank. 240 Second Nat Bank. _ 1.250.000 1,620,641 13,420,705 100 235 MINNESOTA— National banks Apr. 6; State institutions Apr. 6. Per share. D u iu tn — $ 130 Amer Exch N at Bk 2,000,000 1,363,053 14,681,278 100 180 110 873,887 100 105 122 46,866 200,000 Bk of C om ’ce A Sav 516,228 5,350,046 100 210 210 500.000 C ity National Bank 120 94,277 1,641,607 100 145 200.000 Duluth Nat B a n k .. 103 — First National Bank 2,000,000 2,206,740 19,295,173 100 225 F itch b u rg — Per share Minnesota Nat Bk Fltchb’g BkATr Co 500,000 574,016 4,333,407 100 160 165 3,800,687 100 135 152,248 600,000 of Duluth____ Safety Fund N Bk 500.000 596,155 5,973,020 100 163 469,357 6,189,293 100 200 173 Northern Nat Bank 1.000,000 Per share. M in n ea polis— G lo u ce ste r— 106,600 2,042,213 100 250.000 Bankers Nat Bank. Cape Aim Nat B k . 245 150,000 211,312 2,566,990 100 250 160 First National Bank 5.500,000 5,376,705 92,534,015 100 Gloucester Nat B k . 100,000 114,640 1,520,193 too £120 249,504 10,583,574 100 500.000 HenneplnCoSav Bk Qlouces 8 D T r C o . 200.000 250 255,732 c4,592,021 100 221 200.000 35,000 1,280,000 100 — Marquette Nat Bk •Sale price, b Sept 30 1924 * Ex-dividend, k Last sale, a New stock issued gIncludes trust deposits o D ec. 31 1924. e Includes savings deposits. dOct. 2 1924 I.Tune 30 1924 * Sept 14 1923 t Ex-rights, r April 6 1925. a Nominal, t Defalcation $70,000. e O ct. 10. 1924. •Stock practically all held by Union Safe Deposit d Trust C o. k National B ank.. Metacomet Nat BL Darfee Trust C o ___ Fall River T ru st. . 6,219,108 4,190,448 5,881,595 2,867,869 155 J une, 1925.] B A N K S AN D TBUST COM PAN IES M IN N BSO T A {C o n cl.) — N a t. banks A p r . 6; State institution / A p r . 6. Surplu s A | Cross C a p ita l. P r o fits . I D e p o s its . Par B id . A sk. M inneapolis (Co n .) $ S 1 $ Mercantile State Bk 253.000 66,706 2,060,775 MerchAMfrs St Bk 100.000 27,119 1,458,248 Metrop N at Bank. 244,185 9,057,854 500.000 Midland N at Bank 1.000,000 668,071 19,551,595 Minneapolis Tr C o . 1.000,000 959,141115,039,096 Nortbwest Nat B k . 4 .0 0 0 . 000 (72,686,818 81,645,071 Unlon State Bank. 100.000 73,736 1,837,852 Marquette Tr C o ._ 200,000 60,405' 1,710,756 Minn L ’n & Tr C o . 1 .0 0 0 . 000 1,477,193 12,299,646 100 100 100 100 100 100 100 100 100 Per 96 135 175 230 S t. Paul— Per American N at Bank 400.000 206,976^10,450,798 100 150 First National Bank 3 .0 0 0 . 3.611.442:57.440.176 100 000 Merchants’ Nat Bk 2 .0 0 0 . 2,216,069 44,306,412 100 225 000 Nat Exchange Bank 90 172,751 5,492,920 100 300.000 St Paul State B k _ . 90 53,513 1,485,098 100 100.000 Payne Ave State Bk 85 41,314 1,042,425 100 120,000 Stock Yards N at Bk 87,780 3,645,487 100 100 350.000 Twin Cities Nat Bk 44,387 823,727 100 100 200.000 Merch Tr A Sav Bk 500.000 r442,619 6,895,159 100 Central Trust C o . 44,452 2,081,188 100 90 200.000 Northwestern Trust 1,000,000 336,626 2,529,904 100 M ISSISSIPPI — N a tio n a l banks A p r . 6; State in s titu tio n s A p r . 6. Jackson— Per Capital Nat Bank. 200,000 337,509 4,044,020 100 200 non 339 340 2,726 832 100 Jackson-State N Bk 115,737 2,297,944 200) 000 Merch Bk & T r C o . 250,000 516,048 7,081,224 Vicksburg— t Per Amer Bank <6 Tr Co 25,277 1,190,322 25 150.000 25 Citizens’ N at Bank (754,021 369,450 10C 105 100,000 First N atlonal Bank 253,492 2,821,089 100 165 300,000 Merchants’ Nat Bk 302,258 1,910,652 10C 225 250,000 Nat City Sav Bk A Trust C o ________ 100,000 89,078 2,742,234 10C 210 N at Peop S Bk A Tr 100,000 151,066 2,214,284 100 215 M ISSO U R I— N a tion a l banks A p r . 6; State in stitu tion s ia a s a « City City Bank of K C . . 100,0001 298,913 6,212,820 Columbia N at Bank 200.000 73,811 3,417,367 liberty Nat Bank. 184,756 6,443,247 500.000 Drovers’ Nat Bank 1,000,000 171,662 11,864,468 First National Bank 1,000,000 3,502,296 50,968,928 Gate City N at Bk 200 non 102,501 4,387,091 Interstate N at Bk 500,000 1,050,454 10,360,289 Linwood State B k . 19,897 1,044,403 100,000 Main St State Bk 50,415 1,855,377 100,000 Merchants’ Bank 90,725 2,852,530 200; 000 Metropolitan Bank. 109,262 3,211,300 100 000 Missouri Sav As Bk 100,000 150)000 4)302)813 Mutual Bank. 43,123 1,903,409 100,000 New E n g N B kA T r 1,000 000 523,354 16,572,908 Produce Exch Bank m o non 120,696 2,129,071 Traders’ N at Bank. 126,626 5,295,488 200)000 Stock Yds Nat B k. 170,367 3,935,993 300,000 Onion State Bank. 55,524 1,636,438 150,000 Western Exch Bank 173,020 3,269,588 250,000 Westport Ave Bank 67,046 1,624,125 100)000 Commerce Tr C o .. 8.000,000 2,359,071 95,250,207 Federal Trust C o .. 46,466 2,414,004 200,000 Fidelity N Bk A Tr 2,000,000 750,138 28,630,181 Home Trust C o ____ 128,492 6,330,035 300,000 Mercantile T r C o . . 131,170 2,364,470 200,000 Peoples Trust C o .. 88,595 6,436,480 800,000 '•'oneer Trust Co__ 392,013 3,518,028 267,500 Fidelity 8avs Tr Co 236,917 5,067,757 250.000 Walton Trust C o .. 250,000 1,500,000 250,000 S t. Joseph— 313,083 8,925,374 American Nat Bank 200,000 173,027 4,545,819 Barnes N at B a n k .. 200,000 *m t National Bank 479,651 7,371,919 500,000 St Jos Stk Yds B k . 350,000 (7176,663 4,830,376 rootle-Lacv N B k . 228,011 7,835,380 200.000 Bartlett Trust C o .. 227,201 3,765,125 100,000 Buchanan Co T r Co 932,738 100,000 (73,519 Empire Trust C o ._ (755,135 2,407,348 200,000 First Trust C o ____ 177,341 2,715,802 100,000 Missouri Val T r Co 100.000 (7103,233 1,736,471 S t. Louis— Baden Bank______ 0134,000 2,100,000 200.000 Boatmen’s Bank. . . 2.000,000 1,164,618 25,288,349 Bremen B a n k ____ 841,000 6,116,000 200,000 317,929 4,529,479 Cass Avenue Bank 200.000 39,942 Cherokee N at. B k . 277,981 159,770 First National Bank 10.000,000 6,781,126 136779083 Franklin B a n k .. . 1.000,000 396,935 12,132,578 104,376 2,940,413 virand Ave B a n k .. 200,000 Internet Bank St L 1.000,000 261,550 8,472,865 Jefferson Bank____ 241,741 4,258,215 200,000 Jeff-Gravols Bank. 159,976 4,051,631 200,000 Lafayette So Side Bk 1.000.000 1,128,703 23,229,385 Lowell B a n k _____ 135,650 3,689,945 200,000 181,562 5,308,778 Manchester B a n k .. 500,000 Merch Laclede Nat 1,700,000 1,871,375 22,860,138 Missouri Nat Bank. 30,730 2,736,954 200,000 Nat Bank of Comm 10,000.000 4,173,306 75,432,561 National City Bank 1,000,000 360,419 15,198,119 S cru g gs. V andervoort Barney Bk 200.000 84,008 2,123,437 50,000 5,771,988 Sec. N . B . S.T r.C o. 250,000 174,246 3,535,744 south’n Com A Sav 200,00C St Louis N at Bank. 49,658 2,187,790 200,000 State National Bank 2,000.000 1,145,618 18,556,629 Tower Grove Bank 142,305 7,306,654 400.000 60,000 1,538.958 Twelfth St N at Bk 300,000 Uulted States Bank 1.000.00U 563,518 9,401,545 W ater Tower Bank 97,090 1,351,792 200,000 American Trust Co 1,000.000 553,365 16,201,231 89,552 1,947,963 B’way Sav T r C o .. 200.000 102,444 1,708,666 Chouteau Trust Co 200,000 88,013 1,709,286 City Trust C o_____ 200,000 41,137 1,691,737 200,000 flaaton-TaylorTrCo VLrm A M er T r C o . 400,000 210,903 5,358,648 85,188 1,854,100 Laclede Trust C o .. 200,000 598,243 37,726,537 Liberty Cent T r Co 3,000,000 Mercantile Tr C o . . 3,000.000 7,581,185 67,032,317 Miss Vail Trust C o . 3.000,000 4,325,775 32,987,819 55,000 2,200,000 Mound City T r Co 200,000 200,000 76,485 2,944,999 Nor St Louis T r Co 500,000 848,998 8,559,874 Nortbwest’n T r Co 200,000 107,966 2,583,358 Javlngs Trust C o .. 200,000 112,427 2,666,118 loath Side T r Co . 100,000 78,291 1,351,335 Webster Groves Tr Ht T, Trust r n 200.000 127,164 3,000,784 sh are. 105 175 142 180 240 200 200 sh are. 160 230 100 120 110 115 110 100 sh are. 650 200 350 100 125 200 170 700 123 150 300 200 220 154 20 i 190 196 100 168 170 350 150 260 100 200 100 450 95 135 25 165 225 210 100 Too” 700 210 400 105 180 131 325 225 210 200 201 115 173 270 200 Per sh are. 100 100 100 100 ion 100 100 100 100 too 350 175 1200 200 266 350 150 175 175 160 200 200 Per sh are. 100 100 143 100 420 100 260 100 *125 100 218 100 145 100 200 100 140 100 247 100 180 100 320 100 150 100 1 8 7 ^ 100 270 100 140 100 145 122H 100 100 101 100 too 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Too 157H 175 110 177 210 130 125 140 160 125 150 110 135 190 140 85 396 265 135 140 180 150 180 160 150 M O N TA N A — N a tio n a l banks Apr. 6; State in s titu tio n s A p r . 6 ;. iSurplu* dk C ross C a p ita l. ! P r o fits . A « i. D e p o s its . P a r. B id . i----------------B u tte— Per share $ % i * First N atlonal Bank 694,876 10,762,731 300.000 ! Miners S BkATr Co 079,463 1,277,163 200.000 Metals Bk A Tr Co 0339,528 12,391,694 100 400.000 H elena— American N at Bank 243,221 3,909,923 100 200.000 N at Bk of Montana 146,278 ! 2,828,500 100 250.000 Montana Tr A S Bk 122,512 1,876,554 100 150.000 Union Bk & Tr C o . 284,015 2,939,720 100 250.000 N EBR ASK A— N a tio n a l banks A p r A 6; State in stitu tio n s M a r . 31. L incoln— Per e h a r e . Central Nat Bank. 1170 160,122 3,744,770 100 200,000 Clty National Bank 103,883 3,534,833 100 500.000 First National Bank 559,418 10,144,998 100 525.000 Nat Bk of Comm ’ce 300.000 254,939 5,338,584 100 135 Lincoln State Nat Bk 22,961 2,726,495 100 200.000 O m aha— First National Bank 1.250.000 210 994,969 24,111,888 100 195 Live Stock N at B k . 75 95 96,680 4,588,893 100 650.000 Merchants’ N at Bk 1.000,000 668,095 12,080,765 100 140 Omaha Nat B a n k .. 1,000.000 1,152,898 28,175,313 100 250 300 Packers N at Bank. 200 109,474 4.946.180 100 175 200.000 Peters Nat Bank . . 150 200,000 101,078 2,445,510 100 130 Stock Yds Nat Bk. 175 687,042 9,258,216 100 150 750.000 State Bank________ 195 153,305 6.576.181 100 180 300.000 17 S National Bank 1.100.000 200 781,832 19,549,536 100 185 N EW H AM PSH IRE — N a tio n a l Banks A p r . 6; State in s titu tio n s D e e . 3 1 . P er sh are. A p r . 6. Per sh ir e . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 10O 100 100 SC 145 275 225 150 190 160 195 150 147 125 185 120 132 150 135 155 125 155 150 95 398 275 145 190 190 175 160 Amoskeag Nat B k . First Natlonal Bank Merchants Nat B k . N ashua— City Guar Sav B k . Nashua Trust C o .. Second Nat of Nash First N at Bank _ _ 200,000 150,000 is o non 150.000 693,297 252,484 373 27fi 71,968 3,888,425 1,825,784 2 576,080 1,709,788 100 100 100 100 350 200 250 150 *200,000 mn non 200)000 150,000 50,000 297)592 253,245 3,208,309 a 170 4nn 4)357,827 3,605,767 100 100 100 100 170 200 100 0105,204 1,862,805 852,486 40 629 138.568 852.666 NEW JER SEV— N a tion a l Dank* A p r . 6; Mate in stitu tion s A p r . 6 Per Asbury Park— Asb Pk A Oc Gr Bk 400,000 630,639 5,855,374 Merchants N at B k . 64,505 1,779,740 100 000 184,529 2,599,880 Asbury Park T r Co 150 000 Seacoast Trust C o . 175.000 332,178 3,779,882 A tla n tic City— Atl anticClty N at Bk 968,882 8,033,022 100 200,000 Boardwalk Nat B k. 763,962 2,221,219 100 400.000 Chelsea Nat Bank. 200,000 566,043 •5,302,422 100 500 Second Nat B a n k .. 216,800 4,413,000 250,000 Union N at B a n k .. 231,239 2,205,607 100 100 000 Atlantic Co Tr C o . 200,000 143,887 2)560,836 100 Atlantic S DA TrCo 300,000 588.416 5,795,704 100 Bankers Trust C o .. 138.463 1,844,898 100,000 Chelsea Safe D A Tr 100,000 94,200 1,541,080 Guarantee Trust Co 706,672 5,653,490 100 263 600.000 Equitable Trust Co 334,943 4,035,858 200 000 Marine Trust C o .. 434,534 4,694,121 100 200.000 B ayonne— Bayonne Trust Co 0.300,227 7,308,205 100 215 300.000 50 120 528,973 9,389,851 Mechanics’ Tr C o .. 500.000 Bridgeton— 2,126,631 100 *415 Bridgeton Nat Bk. 100,000 299,009 Cumberland NatBk 698.698 2,695,405 100 550 150,000 Farm A Mer NatBk 185,165 1,339,317 100 235 150.000 Cumberland Tr Co 150,000 224,964 1,648,544 100 310 Per Cam den— Camden Nat Bank. 556,511 5,591,883 100 *400 100.000 100 *300 H First N at State B k . 1,000.000 1,318,891 17,164,640 25 *122 Camden 8 D A T Co 500,000 1,327,862 11,792,497 Broadway Trust Co 385,929 4,725,060 100 *252 250,000 25 *106 488,173 3,409,701 Central Trust C o .. 100.000 114,075 1,889.628 100 *200 East End T r C o . . 100,000 Merchants’ Tr C o 199,803 3,509,838 100 *250 200,000 304,128 2,529,727 100 *250 Parkslde Trust Co. 200.000 Security Trust C o. 446,166 4,246,509 100 *500 100,000 588,664 3,521,781 100 *425 West Jersey Tr C o. 200,000 Ampere B a n k !____ East Orange Bank Sav Inv A T ru st Co Essex County TrCo E lizabeth— Ellzabethport B Co National Btate B k. Peoples N at Bank. Cent Home Tr C o. Elizabeth Trust Co Union Co Trust Co Hoboken— First National Bank Second Nat B a n k .. Columbia Trust Co Hoboken Trust C o . Hudson Trust C o .. Jefferson Trust C o . Jersey Citv— Bergen N at’l Bank. Claremont Bank___ First National Bank Franklin Nat Bank 120 255 190 210 150,000 100 000 i no.non eh a r e. *350 550 235 310 share 100,000 250,000 500,000 500,000 30,103 1,007,251 165,245 3,568,763 616.808 14,908,502 415,353 8,418,602 100 100 100 100 185 260 300 250,000 700,000 200,000 200,000 500.000 400,000 364,169 5,506,527 956,220 11,187,132 132,489 2,871,010 69,529 2,023,254 0299,000 3,350,000 668,670 11,291,031 100 50 100 100 100 100 225 120 160 150 175 400 500.000 700,000 100,000 200,000 1.000,000 400,000 600 000 1,140,761 11,595,942 266,594 7,091,224 98,652 1,678,597 266,083 4,990,963 1,858,039 30,751,670 305,566 6,709,654 518,171 8,082,875 25 100 100 100 100 100 100 95 J* 150 200 170 250 300 410 200 225 250 Per 78,077 1,874,495 250,000 379,325 8,744,720 200,000 1,000,000 1,676,084 13,750,152 200,000 81.446 1,640,253 202,086 4,873,115 250,000 Commercial Tr N J 2,000.000 2,451,827 42,635,550 349,223 6,961,354 Greenv Bk A Tr Co 200,000 600,000 614,460 5,578,009 Lincoln Trust C o .. 200.000 275,000 9,208,343 Mercantile Tr Co . N J T Gu A T r C o. 1,300,000 01,164,637 24,650,132 Trust Co of N J ___ 2,500,000 2,407,012 49,173,161 Onion TrA Hudson 7so.non 1,125,833 18,721,442 Co Nat Bk .. 200,000 70,407 1,230,825 W est Bergen Tr Co Long Branch— 100,000 248,000 2,100,000 Citizens’ Nat Bank 150,000 Long Branch Bkg Co 175,338 2,240,052 Morristown— First National Bank 200,000 363,754 3,497,957 200,000 191,267 4,888,001 National Iron Bank 150,000 American Trust Co 123,013 1,682,499 800,000 938,124 8,325,756 Morristown Tr C o . M t. H olly— 100.000 M t Holly Nat Bank 92,937 746,743 Per Per 100 130 100 250 100 200 100 135 100 240 100 325 100 275 100 170 100 385 100 380 100 360 100 100 350 125 100 50 200 Per 100 50 100 100 38 shar< sh are. 136 270 200 400 130 1325 220 share 1240 1100 1140 1230 25 share P er share 40 • Sale price e Nominal quotations k New stock. * Ex-dividend. y Capital to be increased. n Including Fidelity Sav. A T r. stock * ILast sale, r M ar. 20 1925. • Guaranty Fund, a Includes Minn. L . A T r. stock, b Includes Minneapolis Trust Co f Includes Merch~ T r. & Sav. Bank. 1 Approximate price * Do no commercial banking. a March 31 1924. « Oct. 10 1924. g Dec. 31 1924. 60 N B W J E R S E Y — (Concluded) C a p ita l. M t.H o lly (C o n c l. ) Union N at B a n k ... Farmers’ Trust Co. M tH olly 8 D & T r. Newark— $ 100,000 200,000 100,000 Surplu s < t P rofits. S S 209,058 124,957 173,248 Cross D e p o sits. $ 1,398,279 1,110,563 680,043 American N at Bank 500,000 1,001,135 14,776,275 Br’d A Market N B 200.000 554,294 8,460,715 Clt N Bk A Tr Co 200,000 el20,000 500,000 Lincoln N at Bank. 300,000 154,056 1,460,035 M ei A M fr’s N B . . 1,350,000 1,837,210 13,648,962 Mutual Bk of Rosev 200,000 209,787 2,159,408 NatNewarkAEssex Banking C o_____ 2,500,000 1,501,617 32,474,419 National State Bk. 500,000 1,015,981 7,311,908 North W ard N at B 400,000 884,727 12,255,567 City Trust C o _____ 3CC.000 372,581 4,506,688 Clinton Trust C o _. 426,709 7,425,695 400,000 Federal Trust C o .. 2.500,00c 1,653,203 21,387,039 Fidelity Union TrCc 5.250,000 4,821,875 73,681,333 Ironbound T r C o . 500,000 721,039 13,747,633 Liberty Trust C o . 200,000 e lll,2 7 3 2,561,968 Newark Trust C o . 200,001 99,847 2,096,951 So Side N B A T Co 200,000 e60,000 Spr’gf'ld Ave Tr Cc 200,000 394,520 7,403,957 vallsburg Trust Co 200,000 85,032 1,478,701 Washington Tr Co. 300,000 393,606 3,199,789 Weequanic Trust Co 200,000 157,851 2,853,121 West Side Trust Co 600,000 734,245 8,215,328 New Brunswick Cltlx Nat Bk of N B 250,000 50,000 1,102,488 Nat Bank of N J . 500,000 944,199 12,893,699 284,344 3,676,938 People’s N at Bank. 200.000 100,000 elOl ,712 1,990,405 MlddlesexTGATCo New Bnmsw Tr Co 300.000 354,019 5,101,071 North & W est Hudson— First Nat Bk.Town of Union________ 150,000 c59,118 3,468,012 100,000 1st N .B k .W e stN .Y . 156,740 3,483,980 Common’th Tr C o . 600,000 e592,131 6,732,022 Guttenberg B AT C o 100,000 146,895 3,903,847 Weehawken Tr C o . 600,000 el50,000 8,635,377 Highland Trust C o . 300,000 212,998 4,443,439 Passaic— Merchants B a n k .. 100,000 124,178 1,865,724 PassalcN B k A T rC t 1 .5 0 0 ,00( 1,960,493 21,617,048 City Trust C o _____ 200,000 235,288 4,285,312 Hobart Trust C o .. 330,712 3,721,329 100,O C O 400.001 Peopled Bk A Tr Cc 887,353 8,032,803 Service Trust C o .. 400,000 e231,326 1,372,418 Paterson— First National Bant 500,000 e850,847 7,586,606 Paterson N at Bank 1,200,000 1,054,768 13,461,692 Second Nat Bank. 75 0 ,00( 956,309 11,554,103 Nat Bank of Amer 500,000 336,379 3,577,104 Paterson Sav Inst. 1,000,000 e l ,703,185 22,151,234 500,000 690,617 8,956,485 Citizens’ Trust Co 386,046 3,115,517 Franklin Trust Co 150,O C O 553,772 10,265,224 Hamilton Trust Cc 6 0 0 ,O C O U S Trust C o ____ 350.00C 1,340,224 17,447,298 Plainfield— City National Bank 150,00< 346,877 6,590,169 First National Banl 200,001 343,030 5,680,316 Plainfield Trust Cc 609,300 833,973 11,939,697 State Trust C o . . . 154,665 3,501,797 100.O C O Trenton— Broad St Nat Bank 250,000 875,460 9,613,485 Capital City Tr Co. 150,000 139,765 1,099,311 Flrst National Bank 500,O C 1,124,041 14,311,544 O Hanover Trust Co. 200,000 134,476 3,018,146 Mechanics’ N at Bk 1,000,000 1,602,601 17,044,839 Trenton Bank’g Cc 750.000 1,334,246 11,401,795 Colonial Trust Co. 100,000 156,691 3,393,032 Mercer Trust C o . 200, O C O 490,918 6,262,979 750. O C 1,119,176 11,604,227 O Trenton Trust C o . Wilbur Trust Co 100.000 42,282 1,418,716 N B W Y O R K — (C on tin u ed ) Par Bid Per 50 135 100 120 100 135 100 400 100 400 100 160 100 200 100 305 100 175 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 50 305 300 450 325 310 410 420 500 160 250 125 400 160 300 260 475 50 50 •hare. 153 125 150 315 ......... 315 320 425 430 Per sh are. 125 325 265 175 270 350 275 195 195 160 300 275 175 225 235 Pei snare. 260 225 450 320 Per 410 280 220 100 195 25 140 100 350 100 315 100 280 100 550 100 100 100 100 180 100 400 100 200 100 350 100 185 100 100 100 100 A sk. 320 sh are. 420 290 230 200 150 360 290 600 1200 1230 1225 185 255 175 225 275 225 155 1 B W Y O R K — N a tio n a l banks (.except N ew Y ork C ity) A p r . 6; Staff in stitu tio n * M a r 25 1925 A lb an y— Per share Central Bank ___ 77,000 2,245,000 100 160 100,000 180 verst N atlonai Bank 971,392 10,302,180 100 230 oou.uuc 245 550 Mech A Farm ers.. 25 0 ,O C d l,216,379 3,201,228 100 500 O NatCom rBkATrCo 1.250,000 3,201,053 33,737,570 100 360 375 N Y State N at B k. 1,250,000 2,095,606 42,436,078 100 235 250 Albany Trust C o .. 400.000 d686,204 13,539,150 100 230 240 re r *hare. A uburn— Cayuga Co N at Bk 200,000 361,660 3,405,614 100 ____i 210 Nat Bk of Auburn . c 125 190,836 3,998,139 100 200,000 Auburn Trust C o .. 150.000 <1373,278 6,333,654 100 300 Per share. Bingham ton— Citizens Bank_____ 78,414 2,243,830 100 120 150.000 130 City National Bank 450,482 6,454,852 100 275 200,000 300 First National Bank 400,000 511,891 8,814,575 100 210 220 475,884 7,592.871 100 160 500.000 People’s Trust Co . 170 P tr share. Brooklyn— Stole B a n k A Tru st C o. retur ns date M a r 25 N a t. banks A p r . 6. Bank of Coney Isl’d 200.000 184,000 4,434,200 100 195 Bushwlck Nat Bank 200,000 97,500 1,956,600 First National Bank 500,000 1,147,400 15,839,200 100 450 Globe Exchange Bk 400,000 227,600 3,560,700 200 Qreenpolnt Nat Bk 200,000 438,900 3,593,000 50 225 Mechanics’ B a n k .. 2,000,000 2,949,418 44,345,168 Montauk Bank____ 200,000 200,077 4,797,453 100 200 Municipal B a n k ... 400,000 398,100 16,563,500 100 Nassau N at B a n k .. 1,000,000 1,765,900 18,426,000 100 320 People’s N at Bank. 200,000 426,200 8,282,900 100 275 West End Bank___ 200,000 rl92,000 4,602,500 100 170 Brooklyn Trust C o . 1,500,000 4,035,032 53,347,148 100 720 Kings Co Trust C o . 500,000 4,571,900 30,469,100 100 2200 2400 Manufact’rs’ T r Co 5,000.000 5,602,300 119441000 100 355 362 Midwood Trust Co 700.000 392,253 5,974,693 100 140 People’s Trust C o .. 1.800,000 4,219,236 60,094,877 100 710 B u ffa lo — Liberty Bank_____ 2,000,000 2,974,503 Manuf A Trad Nat 2,000,000 2,607,097 People’s Bank____ 1.000,000 1,128,706 550,000 393.866 Com -SoSide N Bk Buffalo Trust C o .. 2,000,000 2,322,665 Fidelity Trust Co__ 1.000,000 1,900,287 Marine Trust C o .. 11,250,000 14,346,800 Elmira— Merchants’ N at Bk ■*econd Nat Bank nhamnnv Can T1Pn [V ol. 120, BANKS AND TBUST COMPANIES 250,000 400,000 «nn one 52,409,036 100 49,845,168 100 24,812,592 100 11,241,844 100 51,471,185 100 24,880,214 100 142168273 100 M a y 29 19 25 249,191 2,896,323 100 906,976 8,343,638 100 942,589 8.903,153 100 te r 320 280 269 225 390 315 290 t'ei 210 290 275 share 335 287 275 325 295 sh are. C a p ita l. S u rp lu s dk P r o fits . C ross D e p o s its . righte. Bid A sk o f banks and trust co m p a n te s in N ew Y ork Ci ty an d B roc k l y n m ay bs fo u n d in ou r “ R y. and I n d .” S ec., page 2 2 4 . Per share $ S $ Amalg Bk of N Y . Am Exch Nat Bank Amer Union Bank Bank of America. Bank of Europe Bank of Mantiat Co Bank of U S ______ Bk of Wash Heights Berardini State Bk Bowery Bank____ Broadway Cent Bk Bronx Borough Bk Bronx N at Bank. Bryant Park Bank Capitol Nat Bank Chase Nat B a n k .. Cent Mercantile Bk Chatham A Pbenis Nat Bk A T rC o . Chelsea Exch Bank Chemical Nat Bank Coal A Iron Nat Bk Colonial Bank____ Commonwealth Bk Continental Bank Corn Exchange Bk. Cosmopolitan Bank East River N at Bk Federa’n Bk of N Y Fifth Avenue Bank Fifth National Bk. First Natlonai Bank Garfield Nat Bank Gotham Nat Bank 136,500 (75,092,600 200,000 a.ooo!ooo 8,383,400 103906000 279,400 175,078,900 794,700 6,500,000 5,243,158 92,035,000 435,242 £(9,130,346 450 000 10.000.000 14,303,751 148546 000 3,000,000 1,470,239 g 56429775 512,700 8,573,000 200,000 g 752,226 791,901 150 000 906,146 4", 778,000 250,000 151,132 05,936,520 300,000 585,900 06,310,600 150.000 222,800 <16,222,600 300,000 210,100 02,182,322 200,000 816,500 <119931700 2 ,000,000 2 0 ,000,000 26,015,000 379611000 978,800 012490367 1.500,000 13,500,001 1,500.000 4,500,000 1,500,000 1 ,200,000 600,000 1 ,000,000 10,000,000 400,000 1::t> 000 2,500!000 250,000 500,000 1 ,200,000 10,000,000 800 000 1,000,000 1,500,000 1 ,nnn nnr 1,000!000 1 ,000,000 5,000,000 1 ,000,000 250,000 250,000 1,500,000 200,000 200,000 12,548,400 443,700 17,228,200 1,424,800 2,447,929 1,047,051 1,066,200 13,995,506 146,300 28,400 1,963,000 277,629 3,016,901 1,446,200 68,011,300 447,000 1,657!600 502,400 1,736,300 2 !486!i66 356,100 23,827,100 1,796,700 205,632 88,600 613,000 76,736 47,827 207992 000 015618 500 119679 000 18,817,000 29,174,000 12,938,000 7,058,000 211357000 07,620,500 01,187,500 34,434,000 08,245,017 24,346,000 18,936,000 225248 000 <24,026,000 16,628,000 <217 201300 9,608,000 23,223,000 <28,302,000 104581000 <236749300 03,345,476 <21,122,500 <27,658,400 02,652,555 01,802,578 100 400 100 140 . 150 302 100 298 100 178 50 173 206 100 200 100 300 100 100 100 100 100 100 100 100 700 200 500 150 160 190 427 268 100 100 100 100 100 100 100 100 100 310 187 650 276 500 300 220 480 155 100 254 200 430 278 320 195 660 290 310 230 500 265 100 2000 100 i300 100 2450 315 2550 100 340 100 170 100 100 410 100 175 100 980 100 480 430 185 1010 500 Greenwich B ank. . Hamilton Nat Bk Hanover N at Bank Harrlman N at Bk Internat Union Bk Lebanon Nat Bank Liberty Nat Bank Longacre Bank Madison State B k . Meehan A Metals National B a n k .. 10,000,000 16,383,100 175729000 100 407 772,400 0 I6 182 138 100 415 500 000 N at American B k . 577,200 d 7 , 375,800 100 165 i , 6 6 6 !666 307,900 9,331,000 25 155 N at Butch A Drov 1 ,000,000 N at Bk of Comm’ct 25,000,000 39,979,600 316629000 100 353 National City Bank 50,000,000 61,227,847 719706000 100 458 Nat Park B a n k .. 10,000,000 23,786,900 144320000 100 470 355,084 011845799 100 205 New Netherland Bk 600,00c 1 000 000 1,710,104 34,227,000 100 300 Penn Exchange Bk 35,700 01,773.900 100 117 200,000 100 O fi O 63,700 02,346,700 100 Public N at B ank. 4 ,6 6 6 ’ 66 c 6,421,100 5104531400 100 475 , Seaboard Nat Bank 5,000,000 8,263,292 109173000 100 505 Seventh Ave N atBk 50,300 <24,177,200 100 120 400,000 Standard B a n k .. 176,900 04,518,400 100 300 200,000 State Bank . 3.500,000 5,396,089 98,616,000 100 450 Trade Bank of N Y 144 238,078 02,081,771 o500,000 185 United Nat B kinN Y 1 ,000,000 530,100 512058600 Yorkville Bank____ / 200.000 1,394,014 036064622 100 1300 1925. T rust C o. re tu rn s da te M a r . 25 3 000 O O 2,003,235 41,143,791 100 O 1 ,000,000 551,913 8,858,062 Banca Com It Tr Co 1,000,000 500,773 6,647,621 Bk of N Y A Tr Co 12,448,207 93,388,042 100 590 4.000,000 Bankers Trust Co 20.000.000 28,131,650 373515352 100 480 Bronx Co’ty Tr Co 288,200 8,491,100 100 195 750,000 Br’hood Locomo’ve 276,900 5,102,300 500,000 Central U nlon T r Co 12,500,000 25,528,900 216530200 100 780 3,634,143 66,360,795 100 308 Empire Trust Co 4,000,000 Equitable Trust Co 23,000.000 12,201,427 341767988 100 260 Farmers L A Tr Co 1 0 ,000.000 17,674,240 146334454 100 485 Fidelity Inter Tr Co 2 .000,000 2,171,400 21,287,200 Jl 0 238 Fulton Trust C o . . . 1,000,000 1,183,200 12,109,000 100 305 Guaranty Trust Co 25,000,000 19,559,461 526349821 100 321 Irving Bk Col T r . 17,500,000 12,536,700 333847800 100 250 Italian Discount < 1 550,200 8,231,600 100 1 000 000 3 non nnn 3,031,877 17,876,372 100 Metropolitan Tr Co 2 !ooo!ooo 4,129,850 48,803,080 100 445 New York Trust Co 10,000,000 19,292,200 204859100 100 430 Title Guar A Tr Co 10,000,000 16,501,000 44,632,500 100 560 Trust Co of N A 231,800 1,472,100 500,000 U S M tge A Tr C o. 3,000,000 4,569,512 58,673,756 100 342 U S T r C o o f N Y _ . 2 ,000.000 18,184,900 59,801,300 100 1610 J a m a ica , L . I .— 315,937 7,456,213 100 200.000 Per Rochester— Lincoln-Alllance Bk 2 ,000,000 3,052,158 44,035,992 100 290 652,242 12,859,634 100 215 Merchants’ B ank .. 500,000 402,689 16,568,712 100 110 Nat Bk of Roch . 1 ,200,000 554,903 15,672,209 100 235 Central Trust C o . 600,000 771,061 13,752,898 100 310 Genesee Vail Tr Co 400,000 Roch Tr A S D Co. 1.000,000 e l ,744,801 38,284,831 100 340 Security Trust Co 300.000 1,623,921 28,560,766 100 700 Union Trust Co 944,713 27,147,561 100 165 1.500,000 S chenectady— 136,000 3,805,000 47 25 Mohawk Nat Bank 200,000 350 811,000 10,032,000 Union Nat Bank . . 300,000 240 378,000 8,451,000 Citizens Trust C o . 300,000 400 Schenectady Tr Co 400,000 1,024,000 15,494,000 Per Syracuse— City Bank Trust Co 2,500,000 1,294,369 26,278,189 100 185 125,181 2,998,186 100 152 Liberty Nat Bank. 300,000 396,950 5,773,967 100 200 300.000 Merchants' N at Bk 466,670 5,933,888 100 220 Salt Springs N at Bk 800,000 277,905 3,309,872 100 155 300,000 Third Nat B a n k ... First Tr A Dep Co 2,500,000 1,922,698 44,330,239 100 230 1,500,00C 1,234,979 33,723,164 100 225 Syracuse Trust Co •Saleprice. 6 Paid In. ^Capital increased, x Ex-divldend. oMarch 25 1925. eDec. 31 1924. I Last Bale. y Ex-rights. rSept. 29 1924 r Includes foreign branch deposits u Book value. s In process of liquidation, /M erged on April 1 with Manufacturers’ Trust Co. a N o v . 15 1924. ■took Par New York City — D e p o sits N . Y . City banks are repo rted ne and are o f date M a y 29 1925. S u rp lu s an d p ro fits ar e o f date A p r . 6 ’ 25 f o r N a tio n a l and M a r . 25 ’25 f o r Stat e banks. A dies dend re e o n 180 411 356 462 475 220 125 490 515 125 150 195 610 485 205 800 262 500 ______ 326 255 450 435 570 355 1650 share 296 220 120 250 350 175 50 375 260 425 sh are 190 157 210 221 235 230 A New stock, t New d A pr. 61925. »Ex- J une, 1925.] BANKS AND TRUST COM PANIES NEW Y O R K (C o n clu d e d ). Capital. Surplu s A P r o fits . C ross D e p o sits. O H IO — (C o n c lu d e d ). Par A sk. B id. C a p ita l. T ro y — Manufac’rs N at Bk National City Bank N at St Bk of Troy. UnionNat B a n k ... United Nat B a n k .. Troy Trust C o____ u tlca— *<rtrt N at Bk A Tr. Oneida Nat B a n k ., utlca City Nat Bk. Citizens’ Trust C o. Oneida Co Trust Co Utica T r A Dep C o . W atertow n— CltyNatlonal Bant Jefferson Co N at Bk Watertown N at Bk North’n N Y Tr Co W estchester Co M I. V ernon — 1st N . M t Vernon Tr Co 0 s v Rochelle — Nat City B a n k .. North Ave Bank. Huguenot Tr Co. N Rochelle Tr Co sein in g — 1st N a t. Ossining N at B k. f e e kskill — Westches Co Nat f l easantville — M t Pleasant Bk f » r t Chester — 1st N B k. & T r. C o . . . Mutual Trust Co Bye— Rye Nat Bk . . T arrytow n N at Bk. W h ite P la in s — Citizens Bank___ WestTitle&Tr Co County Trust Co Yonlcere — First Nal Yonkers N at Bk A Trust C o . . . Westches’r Tr Co Yonkers Trust Cc P er share 5 1 ,000.000 300,000 250.000 300.000 240.000 200.000 S $ 1,428,914 27,883,478 e484,880 6,704,382 492,845 4,713,178 412,676 £6,613,479 475,052 1,040,010 191,070 3,958,837 100 100 100 50 100 100 375 180 250 65 300 140 1,250,000 600,000 1, 000.000 1 ,000.000 250.000 1 . 000.000 1,948,810 13,422,933 1,094,095 5,014,278 336,714 5,025,201 1,224,260 18,371,278 n517,217 3,557,225 n933,903 14,773,154 100 100 100 100 100 100 275 240 100 240 285 245 105 245 265 270 400 200 260 70 310 150 Per sh are. p rice s N om . 1,558,775 4,585,998 4,146,294 8,643,136 100 _____ 1 100 273 100 225 100 325 200.000 500,000 200,000 400.000 55,233 541,766 240,262 904,937 200.000 500.000 756,923 9,426,870 636,319 14,320,395 400.000 150.000 250,000 200,000 100,000 100,000 399,584 11,281,743 84,006 2,117,502 nl76,218 4,281,806 508,202 7,923,437 965,060 173,330 172,243 2,247,966 100 100 100 100 100 100 125 285 235 350 100 100 Per sh are. 100.000 499,172 100.000 n l57,896 200,000 300,000 100,000 100.000 246,760 5,246,789 n209,367 4,081,408 <158,234 2,672,292 233,621 1,871,340 100 100 100 100 6,806,689 145 140 50 2,518,810 — 250,000 600,000 200,000 300,000 350,680 916,712 489,418 519,638 6,528,502 3,793,172 8,948,833 9,031,595 175,252 n763,812 nl24,532 5,545,037 9,577,780 5,337,755 100 100 C h a rlo tt Durham — Citizens’ Nat Bank Fidelity Bank_____ First National Bank Home Savings Bank 375,000 500,000 300,000 200,000 200.000 1 .200,000 l.ooo.ooo; 100,000 100.000 600.000 100,000 100.000 Qreensboro— Atlantic B k & T r Co 1,250,000 Qreensboro Bk A Tr 400.000 ► Raleigh— Citizens Nat Bank. 300,000 Oomm’l Nat Bank. 600,000 Raleigh Bkg A Tr Co 100.000 W ilm in gton— Murchison Nat B k . 1 ,000,000 People’s Sav Bank. 05.000 Wllm Sav A Tr C o. 300.000 W inston-Salem People’s Nat Bank. 150,000 Wachovia Bk A T r. 2,175,000 — Per sh are. 10C 230 10C 230 100 270 100 310 100 290 100 154 100 182 300 155 185 <125,4271 858,223 554,804 90,000 139,738 1,781,524 6,199,373 5,360,557 1,200,000 1,731,585 100 25 100 25 50 180 215 180 48 105 185 50 110 792,950 <233,439 7,526,060 3,231,334 100 100 188 155 168 160 100 100 100 165 130 195 100 25 50 198 105 175 <39,500 1,700,000 1,486,768 36,911,379 240 185 Per sh are. 175 135 210 Per sh are. 200 125 185 100 100 ______ 1200 ■ O R T H D A K O TA — N a t. banks A p r . 6; State in s titu tio n s D e c . 31. Pargo— I akota N at Bank. Pargo National B k . First National Bank Merchants Nat B k . fecurity Nat Bank. B orthern Trust C o. P«7~share lao.ooo 50.000 300.000 100.000 100.000 100.000 78,262 65,197 282,368 147,268 44,072 55,432, 1,540,931 854,656 7,110,113 2,190,576 1,590,761 818,925 100 100 100 1 ,000,000 250,000 500.000 200,000 500.000 100,000 200,000 1.500,000 3,940,579 5,336,898 9,580,957 100,916 240,358 1,188,816 400,000 500.000 1,262,828 7,770,530 505,347 13,175,569 sh are. 290 200 165 95 175 250 Per sh are. 200,000 150!000 2 ,000,000 100,000 350,000 50,000 6 ,000,000 500,000 100,000 400,000 3.000,000 200,000 1,500,000 1 ,000,000 250,000 100.000 250,000 1.000.000 2 ,000.000 I.OOO. 000 102,832 3,083,022 230,208 3,505,921 100 2,424,499 12,918,390 100 10 287,460 2,547,228 300,186 7,035,628 100 661,956 100 58,613 5,673,037 39,518,176 100 1,131,703 7,313,016 100 50 248,719 2,444,057 457,569 7,643,927 100 2,620,375 42,906,369 100 297,967 4,474,044 100 10 1,842,396 27,815,963 936,492 8,270,545 100 320,978 4,496,882 100 895,312 100 195,626 _ 116,981 2,573,652 _ 1,372,021 15,051,288 100 2,670,431 18,686,726 100 3,950.460 34.169,551 — 100,000 1.500.000 100,000 3,485,543 755,685 24,611,028 3,281,823 47,139,717 279,383 2,643,236 526,115 8,286,496 869,809 22,892,076 1,055,498 20,083,169 801,132 24,604,218 e979,814 20,624,454 5,121,669 202721,734 5,251,068 108677,421 270,186 3,493,596 428,466 13,512,806 e763,243 3,267,969 13,062,114 256823 643 City National Bank Dayton Nat Bank Merchants’ Nat Bk A Trust C o____ Third Nat Bank & Trust C o _______ Winters Nat Bank City Tr & Sav Bank D ayton Sav & T Co 431,424 267,425 6,380,856 3,469,502 197,881 3,843,567 421,960 3,984,257 536,409 8,292,654 140,283 5,414,247 819,978 16,001,002 200.000 Com Sav B < Tr Co fe Dime S Bk < Tr Co fe 300.000 First National Bank Com Guard Tr A Sa v Home Bank A Tr Co 1,000,000 Mer Sav Bk < Tr Co fe 150.000 Ohio S Bk & Tr C o . 1.000,000 Peoples State S B k . 150.000 Secur S B A Tr C o 600.000 Spitzer-R T A S Bk 300.000 Toledo Trust C o___ 5.000,000 Union Tr < Sav Bk fe 250.000 150.000 600.000 500.000 2.500.000 2.500.000 1,000,000 150.000 200.000 100,000 390 525 235 210 45 150 160 298 280 140 155 290 250 30 165 225 225 125 270 210 . ... ill. P er sh are. 100 330 100 100 287 100 100 242)4 275 100 161 163 too 168 170 100 223 100 260 100 250 260 252 100 225 230 166 190)4 100 158 200 100 206 208 100 100 155 100 300 100 108 100 200 100 300 100 300 100 260 100 340 100 330 270 370 100 100 446,855 388,744 1,539,027 1,162,544 490,000 378,247 2,264,919 •91,678 733,350 405,196 3,389,167 416,083 12,312,491 8,518,300 10,762,647 22,771,558 8,640,000 2,459,874 33,522,888 2,250,653 10,062,679 3,082,163 29,652,282 1,668,124 8,200 800,000 820,537 9,962,206 756,293 7,034,140 2,155,283 16,776,540 2,219,982 15,288,050 468,004 4,584,121j 161,347 2,143,528 34,008 729,718 54,558 844,776 1 zl59 310 111 j310 270 375 350 295 375 P er shart 100 t»250 100 160 255 170 100 150 155 100 100 100 100 185 140 95 50 250 260 Per share. 100 50 100 100 100 100 100 100 100 100 100 100 290 218 336 175 150 320 325 169 218 220 165 245 100 100 100 100 100 100 100 100 100 80 225 220 203 198 170 125 110 122 Y o u n g sto w n — Central Bank Co . City Tr < Sav Bank fc Commer’l Nat B k . Dollar Sav < Tr Co fc First National Bank Mahoning Nat B k . Mahoning Sav A Tr Second Nat B a n k .. South Side Sav Bk . B id . P er shars. 38,943 1,269,364 755,597 22,772,631 600,596 6,033,171 <70,094 2,916,201 112,044 1,192,668 1,047,819 9,497,299 100,000 1,821,000 1,525,143 21,924,246 262,285 3,163,620 727,097 5,418,467 30,637 1.172.277 623,312 8,907,998 2,272,036 19,238,167 P er share. 92 235 207)4 202 175 120 129 OKLAHOMA — N a tio n a l banks A p r . 6; State in s titu tio n s . 1 G u th rie— First N ational Bank First State B ank. Security State Bank 100,000 50,000 25,000 82,361 14,992 3,374 100,000 50,000 100,000 19,613 11,987 31,500 250,000 500,000 200,000 195,839 179,698 54,857 1 ,000,000 200,000 300.000 1 ,000.000 600.000 250,000 500.000 500.000 381,697 62,257 67,046 355,637 157,352 33,281 398,386 110,695 1 .000.000 2 .000,000 1 .000.000 200,000 250,000 500,000 10C 100 100 i P er 2,063,5541 100 339,705 100 Clo 1,630,951) 100 ............ 1 Per 4,457,269 100 200 6,346,906 100 300 2,996,8271 100 125 M cA lester— American N at Bank City National Bank First N at B of M cA P er sh are. 445.781 9.437.795 100 601,527 34,700,050 100 232.344 18.476.277 100 100,767 3,993,829 ____ 62,964 4,387,795 ____ 228,475 4,652,942 . . . 3,167,972 1,237,970 360,073 O klah om a C ity American N at Bank Farmers’ N at Bank Fidelity N at Bank. First N at Bank____ Liberty N at Bank. Oklahoma Nat B k . Security Nat Bank. Tradesmens Nat Bk 17,917,748! 3,991,602 4,832,418 18,526,924 7,434,287) 2,884,420 10,803,477 5,293,392 250 220 50 105 175 310 300 175 170 300 300 37 H 180 230 150 300 217 .. .. Central Nat Bank. Exchange Nat Bank First Nat Bank____ Nat Bk of Com ’erce Producers Nat B k . Security Nat Bank. sh ars. sed shars. 225 325 175 Per share 100 100 100 100 100 100 100 100 200 175 200 250 200 200 225 250 250 O R E G O N — N a tio n a l banks A p r . 6; State in s titu tio n s A p r . 6 . P ortland — G W Bates & C o .. Can Bk of Com ’ce Citizens Bank____ First National Bank Hibernia C < Sav B fc Ladd A Til ton B k . . Live Stock State Bk N ’westem Nat B k . Peninsula N at Bank Portland N at’ l B k . United States N Bk West Coast N at Bk Security Sav A T r . Lbrmen’BTr C o . Bk P er s t a r s . XOO,000 300.000 200.000 2.500.000 200.000 1.000,000 100.000 2.000,000 200.000 200,000 1.800.000 300.000 500.000 500.000 19,970 127,760 54,157 1,176,464 215,897 1,716,588 733 477,886 56,706 34,980 2,274,536 108,590 435,683 59,321 1,277,448 3,485,787 3,205,269 34,859,211 6,449,850 23,055,930 520,009 18,891,029 2,106,703 1,849,963 35,692,263 3,158,737 4,233,303 2,148,765 • Sale price, a Includes City Trust & Savings Bank. 6 Sept. 29 1924. ANew stock, k Capital to be increased, dividend. I Last sale, d Sold with First National Bank, e June 30 1924. e Includes Oneida County Trust Co. t Includes Union Savings Bank A Trust, t Dec. 31 1925. n M ar. 25 1925. o Oct. 10 1924. P a r. $ T u lsa — 10C 150 10C 200 10C 325 100 100 100,000 1.500.000 300.000 500.000 50,000 600.000 $ 248,691 M uskogee— I Per 1 1 631,980 14,708,907 100 A225 298,563 5,219,566 10( 175 610,091 8,420,701 lOt 250 238,242 3,143,691 10( 180 C 160 668,521 8,529,09S IO 450,172 lot 90 28,415 170,947 4,027,202 lot 160 1,969,025 27,579,517 10C 240 200.000 500.000 500,000 C olu m bu s— Brunson Sav Bank Citizens’ Tr < Sav fc City National Bank Columbus Nat B k . Columbus Sav Bk Commer’l Nat B k . Fifth Ave Sav Bank Huntington Nat Bk Market Exch Bank Nat Bk of Com’ce. Northern Sav Bk Co First Nat Bank____ Ohio National Bank Commercial Nat Bk First National Bank Muskogee SecNatB OHIO — N a tion a l banks A p r . 6; State in stitu tion s M a r . 30 A k ro n — Central Sav A T r .. Commercial S < Tr fc Depositors Sav A Tr Dime Savings Bank Ohio State Bk A Tr Standard Sav Bank Firestone PkTrA SB First Trust & S B k. C a n ton — C»nt Sav B A T C o . Dime Savings Bank First National Bank C in cin n ati— Atlas Nat Bank___ Brighton B k& T r Co Brotherhood of Ry Clerks Nat Bk Cinn Bk A Tr C o .. Cltzns’ N Bk& TrCo Columbia B < S Co fc Cosmop Bk & Tr Co East End Bank . . . First National Bank Lincoln N at Bank. North Side B a n k .. Pearl Market Bank 5th-3rd Nat B k ____ People’s Bk A 8 v Co Prov S Bk A Tr Co Second N at B ank. . SoOhioSBk&TrCoStock Yards B k _ . . Wash Bk A Sav Co Western Bk A Tr Co Fourth A Cen Tr Co Union Trust Co . . Amer Sav Bank Co Broth’d of Loc Eng Co-Oper N at B k . 1,000 Cent N B.S A Tr Co 1,800 Clev Sav A Loan Co 250 Lorain St Sav A T r . 400 Midland Bank____ 2,000 National City Bank 2,000 Pearl St S A T C o .. 1.500 United Bk A Tr C o . 1.500 Cleveland Trust Co 8,000 Guardian Trust Co 4.000 Lake Erie Trust Co 1,000, 000 State Bkg A Tr Co 750, Union Sav A L Co 900 Union Trust C o ___ 22.250 C ross D e p o s its . T o le d o — 325 | 1 521,743 4,475,772 671,580 2,789,8661 763,530, 1,641,843! 517,8111 2,510,3971 336,880 2,916,216 867,298 14,238,920 <775,729 4,843,762 I 212,757 5,033,038 216,4531 7,555,311 156,699; 1,725,600 1 I 1,193,455 11,814,877 186,286 2,089,144 600,295, 4,102,379 C leveland— S u rp lu s A P r o fits . D a y ton — 185 100 100 100 50 200.000 300,000 350,000 ............ — flO R T H C A R OLIN A — N a t. banks A p r . 6 ; State in s titu tio n s A p r . 6 . Charlotte Nat Bank Commercial N at Bk First National Bank Mer A Farm N B k . Onion Nat Bank___ American Trust Co Independ’ce Tr C o . 61 100 100 100 100 100 100 100 100 100 100 100 100 100 200 170 205 175 300 210 185 215 190 350 135 150 140 175 375 185 135 130 150 325 170 d _____ 125 ........... • Amount paid in. a E xt Includes trust deposits. P E N N S Y L V A N IA — N a t. b ts - t . P h i l a .) A p r . 6; State i n t i . A p r . 9. Capital. Oros* D e p o s it 1 . $ 1,193,432 1,285,856 60,124 1,114,159 228,464 306,595 753,275 218,167 $ 7,855,261 6,187,203 1,310,270 5,724,466 2,115,276 2,758,446 4,579,326 2,327,716 100 250 100 590 50 140 100 680 90 30 25 120 50 360 94 50 150.000 100,000 188,900 250.000 243,800 162.962 Altoona— T int National Bank Second Nat Bank— Union B ank. Altoona Trust C o . . Central Trust C o _ . Mountain C ’y T Co S u rp lu s A P ro fit* . $ 1.000,000 400.000 50,000 300,000 225.000 250,000 600,000 300,000 A llen tow n — Allentown N at Bk_ Merchants N at B k . Ridge Avenue Bank Second N at B ank. . Allentown Trust Co Citizens Trust Co__ Lehigh Vail T r C o . •enn Trust C o ------ 481,107 520,566 200,737 582,080 (291,494 245,760 3,540,839 3,202,016 1,951,967 2,316,993 1,903,188 2,098,798 100 100 100 100 100 30 Par. B id . P E N N S Y L V A N IA — (C o n clu d e d ). P er sh are. Per d ____ l d ____ l . . . .1 275 610 155 700 94 130 380 98 «Aar«. 300 500 200 275 d ____ l 210 57 60 175 125,000 300,000 300,000 200,000 500.000 170,300 500,000 200.000 158,458 1,549,847 1,265,412 8,498,051 657,859 6,996,277 308,033 4,224,803 1,135,607 10,566,300 78,945 1^555,176 1,032,275 7,403,504 '673,360 5,370,449 100 100 100 100 100 100 100 100 .......... 1 *400 _____ l _____ i 250 .......... 1 ..........I .......... 1 200.000 800,000 400;000 125,000 750,200 300,000 400,000 286,010 250.000 73,699 1,727,416 705,833 3,893,778 712,858 3,551,596 e96,292 1,090,862 1,768,853 8,149,551 '565,111 4,518,981 834,763 3,668,910 (165,333 1,343,009 237j582 2,805,093 50 25 25 50 100 100 100 10 100 ..........( .......... 1 .......... 1 .......... 1 ..........1 .......... 1 .......... 1 .......... 1 .......... 1 Union Trust C o ... 200,000 200,000 300,000 263,125 225^000 300.000 250,000 200 000 4001000 300,000 721,784 344,459 682,491 112,901 1,168,571 176,223 1,589^399 (553,000 828,773 264,342 4,391,770 3,374,423 3,607,122 1,640,865 6,953,310 1,209,274 8,343,670 3,700,000 5,094,998 3,275,194 100 100 50 25 50 100 50 50 50 100 .......... 1 455 .......... 1 290)4 ..........( 158 49 J* .......... 1 361)4 .......... ( 177)4 _____( 452 ..........1 200 .........1 240 _____ ( 207 Philadelphia— D e p o sit* o f American Bk A Tr. 300,000 5.000.000 250,000 375,000 300,000 1,250,000 2,200,000 Marine N at B a n k .. Cent T r A Title Co. t rle Trust C o ------lecu r Sav A T r Co. rtarrlsburg— 215 205 130 325 337)4 P er sh are. Security Trust Co Union Trust C o .. Lancaster— Per ■ |ULU1 A* u/ ww» Farmers’ Trust C o . rcu yic d j-iuos v/w -. N a tio n a l banks date June , 399,729 6,019,851 161,329 363,605 892,013 5,317,911 6,214,950 3,699,959 52,345,165 2,378,452 o5,500,809 6,734,000 35,720,000 60,426,000 175 72 172 85)4 425 280 325 16 155 sh are. 1 192 5. Per 50 inni..........t 50 ..........i 50 ..........J 100 _____ ( 100 _____ ( 100 _____ 1 sh are. 72J4 297 y s (75 201 400 575 495)4 214,741 (2,599,397 100 ..........J 160 600 000 50 ..........J 100 125,000 129,355 1,040,501 275 000 1,752,657 6,333,000 100 _____ 1 852 t 1 600 000 3^620,458 41,654,000 100 _____ l 324 £ 3 ,0 0 0 ,0 0 0 9^389,597 68,333,000 100 _____ ( 402 2 000,000 5,887,592 63,426,000 100 ____ 1 566 2 ,000.000 8j714|668 71,798,000 100 _____ ( 607 50 _____ ( 156M 870,045 6,496,000 350,000 993,334 (5,916,196 100 _____ 1 621 200 000 1,000.000 2,8931474 20,518,000 100 _____ ( 321 flOO 000 553,071 (7,984,033 100 _____ 1 179 50 _____ ( 325 l 200,000 1,212^692 (8,425,547 ftO 000 O 273,672 (3,338,514 100 _____ 1 165 250i000 2,135^433 9,481,000 100 ____ 1 880 731,071 8,095,000 100 _____ 1 266 400,000 £ 200,000 1,250,561 6,859,000 10(1 _____ i 615 68,779 (2,872,104 100 _____ l 112 300,000 50 _____ J 173 250^000 329,627 5,724,869 1 135)4 50 ftO 000 O 379,949 4,460,713 / 500)4 to 11 1 1 OUUUOl u n . 1 000*000 3,558,507 14,334,000 100 50 _____ 100)4 . i |ooo|ooo 386,672 17,051,940 Peoples Bk A T r C o Philadelphia N at Bl-£ 5,000,000 11,972,115 117923000 100 .......... 420 i 216 ftO 000 O 868,600 5,492,000 100 Quaker City N at Bl 280!000 1,168,004 (10187,175 100 .......... 515 Second N at Bank. 636,395 6,644,000 100 ..........1 235)4 300,000 Sixth N at B a n k .. 500.000 1,067,682 11,028,000 100 ..........i 342 246,491 2,141,000 100 .......... 1 175 £ 200.000 1 261 flOO 000 768,745 6,833,000 10c 400 000 487,448 5,102,000 100 .......... 170 Textlle Nat B ank. Third Nat B a n k ... 1 000,000 1,517,938 10,510,000 100 .......... 295)4 c 1 000 000 2,854,016 17,868,000 100 .......... 313 237 \ 000 000 1,343,476 18,457,000 100 __ . 75 50 _____ U 8 3 J 5 8 3,113,894 250,000 . 1 ,000,000 1,184,323 3,689,691 too .......... 311 5C 83)4 187,655 2,734,149 187,500 70 X 50 264^420 2,029,640 500,000 50 . _ i 155 760 000 1,324,983 12,447,395 son ooo 295,128 4,191,946 100 151)4 Chelten Trust C o .. 156 50 _ _ nonlooo 7 2 4 4 3 5 10,889,503 Colonial Trust C o .. n 400 000 821,599 6,251,513 100 .......... 318 r 1,476,325 3,739,483 10,778,451 100 .......... 425 , 220 1 non ooo 1,801,745 15,548,670 50 . . 45 50 .......... 133,079 1,558,576 0 227,670 5C _ . . . 150 451,162 5,363,797 300.000 200,000 357.42C 5,409,974 10C .......... 175 554)4 0 200 O O 17,909,818 53,787,249 100 O [100 ......... 135 f al.470i000 3,778,758 106 1,244,178 uoc a 1 ftan non 2d preferred. 50 .......... 205 M 820,287 8 ;i ll,2 4 4 0 250.000 1,600,000 2,185,082 26,875,921 10C _____ 320 400 1 , 754,758 16,066,986 100 _ . 222 _ 50 200 O O O 367|736 4,060,040 10,968j543 58,940,699 100 .......... 1060 I 2.500.000 842,978 11,132,332 10C .......... 165 1 ,000,000 177 )4 176,980 3,189,736 10C . [) 125,000 B a n k -----------East Falls Bk A Tr. Eighth Nat B an k.. C a p ita l . A sh. Per »Aar«. •rlc Com Exch Nat Bk. [V ol. 120. BAN KS AN D TRUST COM PANIES 62 Oross Surplu s db P ro fits . D e p o s its . P hila.— (C o n .) s % $ Hamilton Trust Co 200.000 297,793 4,048,912 Holmes burg Tr C o . 125,000 122,975 1,555,701 Indus’l T r, T A Sav 500,000 1,927,787 10,534,055 Integrity Trust C o . 750,000 3,612.715 18,199,860 Jefferson T A Tr Co 200,000 51.039! 1,260,249 Kensington Tr C o . 500.000 1.209.835 12.832,217 Land Title A T r Co 3,000.000 12,769,542 23,484,737 Liberty T A Tr C o . 721,563 6,113,889 500,000 Market St T A T Co 500,000 1,361,658 12,797,050 Manayunk Trust Co 250,000, 402,891 3,133,784 Metropolitan Tr Co 500,000 215,710 2,859,472 Mutual Trust C o .. 538,600 348,272 8,688,278 Ninth Bank A Tr Co 750.000 1,808,759 15,291,380 Northern Cent T r . 400,000 191,979 3,013,726 N orthem Trust C o . 500.000| 2,989,131 11,842,299 N ortheast-T acony Bank A Trust___ 250,000 126,462 1,199,171 Northeast’n T A Tr 200.000 74,981 1,826,651 N o Phila Trust C o . 500,000 892,136 9,005,009 Nor Western T r Co 150.000 1,023,174 10,456,543 Parkway Trust C o . 125,000 80,148 1,430,206 Pelham Trust C o ._ 221,107 2;084,518 150.000 Penn Co for Insur on Lives A O r An 3 966.470 17 100.881 52,463,201 Penn W ’h’gASD Co 1,000,000 408,162 76L446 L 000.000 6,051,213 21,127,826 300,000 Phoenix T rust C o . . 76,427 l!007,243 Provident Trust___ 2,000,000 8,639,237 14,470,381 Real Est Tr Co.com 1,319,600 1,378,493 6,376,975 do do pref 1,890,100 Real Est T I 4 T r . . 2,000,000 4,033,305 8,416,860 Republic Trust Co 500,000 346!535 4,287,525 Richmond Trust Co 141,200 26!890 l|l90,897 Roxborough T r Co 184i624 2,577,171 150,000 Susq. Title A T r . Co 336,719 144,679 13!617 Southwark T A T r . 125^000 185i980 1,289,502 Tacony Trust C o ._ 150,000 252,789 1,848,546 125,000 124i869 2,582,124 United Sec L I A T . 1,000,000 l,1 2 li8 6 6 61408,608 West End Trust Co 2.000,000 2!252!297 17,581,156 West Phila T A T Co 500.000 949,851 7,964,067 P ittsbu rgh— Allegheny Val Bank All Nations Dep Bk Am State Bk of Pitts Anchor Sav B a n k .. Arsenal Bank_____ Bk of Secured Savs. Braddock Nat B k .. Citizens Sav Bank. Columbia Nat Bank Diamond Nat Bank Duquesne N at B k . Exchange N at Bank Farmers Dep N a t .. Farmers Depos Sav Fifth Avenue Bank First N Bk of Blrm. First National Bank Freehold Bank____ Highland N at Bank Iron A Glass Dol Sav Keystone Nat Bank Ma'nufact’rs Bank. Marine Nat B a n k .. Mellon N at Bank. Metropolitan Sav Bk A Tr C o . . . Monongahela N Bk Ohio Valley B a n k .. Pennsylvania N Bk Penn Savings Bank Pittsb State Bank. Second Nat B a n k .. Third Nat B a n k ... Union Savings B k . Western S A T ) B k . Bloomfield Tr C o .. Colonial Trust C o. Com’wealth Tr C o . Continental Tr C o . Dollar Sav A Tr Co Dormont S A T Co East End Sav A Tr Farmers Depos T r . Fidel Title A Tr Co Franklin Sav A T r . Hazlew’d S A T Co Hill T o p s A T C o .. Manchester Savings Bank A Trust Co Merch Sav A T r Co Metropolitan T r Co Oakl’(f Sav A T r Co Peoples Sav A Trust Co of Pittsburgh. People’s Trust O o. . P itts b u r g h D ep Title A Trust Co P a r. A s 1. P er share 100 .......... 1 205)4 50 .......... 1 85 H 50 no no no 100 no no sn no no 100 no 100 .......... J .......... 1 .......... 1 .......... » .......... 1 _____ l .......... 1 .......... 1 .......... 1 .......... J f .......... J _____ l 251 493 165 235 588 183 278 88 78 121 425 90 )4 650)4 no no 00 no 100 100 .......... 1 ..........1 .......... 1 .......... 1 .......... 1 *76 X 65 212 326 135 180 100, ..........1 731)4 1 100 V no 1.760X4 too 60 ‘ 50 too .......... i;630 \ioo .......... d u o /1 0 0 .......... d l20 100 ..........1,550 1115V 50 no 50 1 0 100 00 100 100 60 ..........1 151 ............ , (62 )4 1 220 _____ 6 276 .......... 1 112 _____ 1 181 ..........I 301 _____ 1 221 State I n s t itu tion s A p r . 9 ’25 500,000 750,000 6.000.000 500,000 100,000 100,000 5.000,000 200 000 266,666 200,000 100,000 172,700 600.000 100,000 300,000 7.500,000 211,104 114,131 63i231 694,637 311.065 4 R5fil303 2091922 716.689 8094 8 2 1,627,928 1,408,694 2,155,703 2,833,549 906,045 1,052,817 4,174,615 1,075,220 204,981 248,651 7,572,129 282,970 1,0 9 1 4 1 7 216,862 135,115 518,478 1,214,514 321,894 307,943 6 844.814 3',192,224 2,132,414 1,190,889 4,206,948 1.532.779 50!698!745 2;642!674 12.926.216 9,023,536 15,851,992 10,944,615 18,195,837 37,156,212 8,620,319 8,747,037 54,201,290 12,404,802 2,319,713 2,182,317 67,238,643 5,030,985 1,953,993 2,569,800 3,756,459 3,982,515 8,463,756 1,413,388 2,520,025 153234593 200 000 1.000,000 200 000 100,000 200.000 100,000 100,000 300.000 600,000 2 , ooo! ooo i!ooo!ooo 250,000 700 000 125,606 2.600.000 1,500,000 450,000 1.000 000 125,000 270,000 1,320.000 2 ,000,000 175^000 165,400 150,000 17,585 2,311,165 567,316 176,280 322,636 198,345 30,225 1,162,680 390,112 5,598,496 1,754,852 522,404 873,898 83,597 4,311,494 1,552,111 309,315 1,665,701 63,800 304,977 636,107 6,026,244 c274!513 238,483 236,277 2,280,922 100 15,645,033 100 6,722,717 100 2,315,039 100 1,725,551 100 2,150,018 no 1,222,346 6!906,332 3,405,737 166 24il27i779 100 29ll 42^792 inn 3,358,562' 50 6.065.630 inn U 686;402i____ 20,694,7071 5C 11,492,850 10C 1,669,309 10C 12,284,673 100 1,500,000 9,918,141 I____ 509,437 17,093,656 166 3,531,471 25 2!949,584 100 5C 2,877,489 250,000 125,000 200,000 300,000 313,971 77,004 e72!095 377,181 100,000 75,000 200,000 150,000 100,000 3,000,000 125,000 500,000 150,000 200,000 600,000 600.000 3,000,000 250,000 3,108,85S l|462,857 li643,323 5,301,030 50 no 240 50 60 132)4 88" 50 no 100 100 160 50 no 100 100 ............ 375 200 90 140 100 3 1 2 V 315 100 50 100 too 220 no 100 130 100 72 325 145 107 350 _ _ 195 210 215 225 310 410 130 5( 83 60 no 100 _______ 100 ______ 8,314,632 22,106,667 299,114 2,374,432 1 100 15,424 1.018.095 125,000 2 ,000,000 2,558,801 15|390!364 1 517,896 6;507!550 sooiooo 218,556 1,345,48S 150,000 136|506 4,451,087 I 400,000 125,000 198,875 1.758.89? 507,907 61484,609 400,000 125.000 66.263 532.665 Union Trust C o ___ 1,500,000 4 5 ,13L264 133157949 Washington T r C o . 350,000! 1,303,032 : 8,269,857, 125.00C 1 640,097 4.394.671 ■ William Penn Tr Co 143,018 1,191,474 125,000 Workingman’s Savi 1 1 Bank A Trust Co 100.000 1,635,820 12,290,617 Potter Title A TrCo Provident Trust Co Real Est S A Tr Co 8 outh Hills Tr C o .. Penn T r C o________ B id . 340 275 1 0 0 _______ 225 1 0 0 ............ inn _ 100 100 inr 100 ______ . 100 4000 550 100 500 nn ... L. - __ 50 800 900 • Sale price a Capital paid In; authorized amount Is larger, b Capital to be increased, g Merged with People’s Trust Company, d Last sale a year ago. e June 30 1924. « E x -d lr. < Last sale. * Includes Ninth T . & T . C o. A New stock, r Sold with Ninth N at. Bank, n Nominal. t Apr. 6 1925. « Sept. 19 1924. c D e c. 31 1924. o M ay 4, 1925. J une, 1925.] TBNNBSSBB— N o tio n a l banka A p r . 6; 8tota inatitutiona A p r . 6 P E N N S Y L V A N IA (C on clu d e d ).— State B ank a A p r . 9 . C a p ita l. Reading— jNrmers’ N at Bank i ey stone Nat Bank ' atlonal Union Bk ' enn N at Bank___ heading N at Bank. Second Nat B a n k .. Berks Co Trust C o . Colonial Trust C o . •ennsylvanla Tr Co heading Trust C o . Scranton— Bosak State B a n k .. County Bar Bank. . Sleetric City Bank, first National Bank Green Ridge Bank. keystone Bank____ North Scranton Bk Providence B a n k .. Peoples Sav & Dime Bank T r C o____ South Side Bank___ Third N at Bank___ Traders’ Nat Bank. TnlonNat B a n k ... West Side Bank . . Anthracite T r C o .. Lincoln Trust C o .. W ilkes-B arre — M m eB kTitA TrC o First National Bank Hanover Bk A Tr . . Miners' Bk of W -B . Penn Bk A T r C o .. Second N at Bank . So {Side Bk & T r Co Union Sav Bk & Tr W -B Dep A Sav Bk Wyoming N at Bank Wyoming Val Tr Co W illiam sport— t lrst National Bank Lycoming N at Bk West Branch N Bk Williamsport N Bk Northern Central T t Co. _____ ... •usq Trust C o_____ York— Centra] Nat Bank Drov A Mecb N Bk First National Bank Western N at Bank fork Co Nat Bank York Nat’l Bank Citiz Savs A Tr Co. Guar Tr Co of York York Trust C o____ 63 BA3TKB AN D TBUST COM PANIES S u rp lu e A P ro fita . Surplus A D epoaita. P a r. B id . 400,020 100.000 200.000 300.000 500,000 300.000 750,000 500,000 1 000,000 500.000 $ S 1,302,827 7,072,245 354,931 1,325,153 994,503 2,468,668 891,571 6,022,550 1,386,000 9,450,000 1,048,464 2,280,899 861,064 6,995,344 289,403 3,426,901 2,208,501 12,235,969 1,096,716 2,334,043 500.000 400,000 80.000 1.500,000 50.000 125,000 200,000 75,000 658,038 5,368,967 613,832 7,494,041 114,724 1,506,680 3,124,984 33,480,566 74,579 779,400 168,349 1,484,269 201,812 2,941,166 172,135 1,608,061 50 100 50 100 50 50 50 50 200 340 115 550 135 115 200 175 1 ,000,000 200.000 400,000 500,000 500,000 120,000 350.000 500,000 1,480,050 14.518,495 258,279 2,698,105 1,280,741 9,783,445 1,020,660 9,485,541 327,167 3,464,423 333,467 2,799,716 307,379 4,185,565 0225,666 2,593,862 100 50 100 100 100 50 50 100 413 185 500 480 183 145 223 200 200.000 375,000 125.000 2 ,000,000 200,000 1 .000,000 125,000 250,000 300.000 500,000 350.000 354,612 3,404,261 943,993 7,471,371 0135,324 1,421,470 4,272,269 17,470,812 314,020 2,481.362 2,674,750 10,256,511 135,856 1,888,771 114,195 1,817.257 709,709 5,368,781 988,157 5,147,080 1,329,283 7,012,641 % P er 30 100 25 100 100 100 10 10 100 100 150 445 140 390 420 395 32 22 440 300 akare. 155 450 145 400 425 400 35 23 455 310 Per akare. 418 505 227 Per i h a f t . 549,482 300.00C 419,827 200,000 500,000 1,976,757 350,000 250.000 3,803,853 1,417,503 5,583,224 1, 100,000 50 160 100 285 50 105 50 150 100 225 100 315 50 105 100 145 50 310 50 138 50 215 P„v 100 275 100 300 100 525 100 235 C a p ita l. Aak. 300 108 155 250 320 108 150 325 140 224 akare 375 300 530 235 C h attan ooga— Amer Tr A Bkg C o . Chattanooga 8 B k . A T r C o ________ First National Bank First T r A SavBank Hamilton N at Bank Hamilton Tr A S B . K noxville— City National Bank East Tenn Nat B k . East Tenn Sav B k . Holston N at Bank. Third N at Bank___ Union N at Bank___ Memphis— Bank of C om AT Co Cent State Nat B k. Columbia Sav Bank Exchange Bk A T r . Mrst N atlonal Bank Amer 8 B A Trust. Fidelity BkATr Co Liberty 8 Bk A T r . Man Sav Bk A T r . Solvent S Bk A T r . State Savings Bank Union A Planters’ Bank A Trust Co Nashville— American Nat Bank American T r u s t ... Broadway Nat Bank Central Nat Bank. Commerce-Union Bk FourthAlstBAT Co Fourth A First N B Tennessee Hermitage Nat Bank. . Nashville Trust Cn P r o fita . Oroaa D ep oaita . P a r. B id . As*. P er sh a r e. $ 2,613,217 100 750,000 1.000,000 500,000 1,500,000 250.000 614,273 5,522,750 1,146,253 16^414,649 135,862 1,232,029 756,458 14,234,755 164,510 3,574,953 100 100 100 100 100 600,000 1 ,000,000 200,000 500,000 300,000 500,000 576,410 12.358,176 795,763 7,013,685 118,231 3,571,770 365,516 3,663,991 266,761 1,977,394 242,422 5,499,199 100 100 100 100 100 100 3,000,000 600,000 100,000 300,000 500,000 100.000 1 ,000,000 200,000 150.000 100,000 50.000 2,184,963 31,780,689 676,739 9,239,709 38,262 752,437 34,333 2,212,625 759,335 7,854,549 96,542 1,941,961 125,500 4,000.000 160,839 3,936,806 198,562 4,214,331 100,000 722,977 75,004 1,391,380 100 100 100 2,500,000 342,339 30,519,604 100 S 500.000 $ 549,679 P er sh are. 225 230 250 252 180 165 165 200 200 175 P er sh are. 352 255 161 110 100 272 100 250 100 90 100 195 100 545 10 8 100 300 110 Per 1.500.000 500,000 300,000 300,000 500,000 450,000 1.500.000 300.000 qsn non 1,223,377 19,451,322 235,104 4,485,776 319,555 3,956,229 109,498 2,261,293 304,205 6,439,829 151,588 9,090,064 1.572.405 19,371.867 67.190 448.590 1,459,993 4,218.779 357 112 275 92 205 10 112 sh are. 100 100 100 100 100 100 100 305 305 260 150 195 307 307 312 312 275 155 205 315 315 100 inn 100 245 105 250 T E X A S — N o tio n a l banka A p r . 6; State inatitutiona A p r . 6 . A u stin — Per sh are. American Nat Bank 300.001 726,481 8,976,697 10C 265 i Austin Nat B a n k .. 300,00( 225 /424,678 3,373,105 100 225 727,059 8,764,197 10C 250 300,001 661,272 3,386,109 Citizens State Bank 50 1123^ 115 125,000 34,064 2,947,547 500,000 Per akare. Texas Bank A Trust 200,000 60,975 2,767,707 158,000 1,206,000 100 130 State National Bk 76,757 2,282,044 i 00 215 2 00.00C 100.00f B eaum ont— 306,207 1,856,382 100 250 Per sh a re. 100.000 493,424 5,040,994 100 180 American Nat Bank 250,001 472,981 4,979,165 101 300 500.000 City Natl Bank . . . 325,923 2,352,091 100 177 250.000 90,545 2,343,420 100 125 225,000 846,876 2,900,649 60 FirstNational Bank 400 001 408,332 6,600,182 100 225 20 300.000 250,000 25 Texas National Bk 536,730 3,078,220 49 75,296 3,801,158 100 120 500.000 125 25 D allas— 130,425 2,310,106 32^ Per share. 500,000 Am F.xch Nat B'lnt 4.000 00< 2,625,932 43,673,257 101 295 25 449,407 3,093,288 52 J* 425.000 300 Central N a t’l Bank 425,759 3,181,050 50 100 500,000 199,541 3,517,691 100 100 300.000 105 .......... City National Bant 3,000.001 1,473,627 32,597,198 101 295 300 Mercantile BAT Co 750.000 215,173 8,475,095 100 137 140 R H O D E ISLAN D — N a tio n a l banka A p r . 6; Stata in s titu tio n s A p r . 30. Dallas Nat B a n k .. 500,00( 156,598 5,813,954 100 135 Republic Nat Bank 2 ,0 0 0 ,00( 891,999 20,638,508 100 1 5 7 ^ 160 Nat Bk of Comm ’ce 359,884 4,304,808 10C 270 150,001 Per akare Newport— North Texas N . Bk 1 ,000.001 2 0 0,000 172,017 2,270,311 50 •93 200,000 Aquidneck N at Bk Central Tr A Sav Bk 65,214 1,107,227 200,000 122,192 878,442 100,000 50 180 Nat Exchange Bank Dallas Tr A Sav Bk 1.000,001 392,433 4,368,932 101 145 147 Yz 666,086 81,440 91 60 93 120.000 Newport Nat Bank RepublicTrASavBk 500,000 115 85,525 6,214,518 125 313,862 2,331,482 100 133 150 300,000 Newport Trust Co El Paso— Per akare Providence— First National Bank 1 ,000,000 289,109 11,221,210 10( 150 170 25 846,133 3,218,122 60 500,000 Blackstone Can Nat State Nat B a n k ... 198,322 10,681,054 100 250 300.000 305 114,621 2,547,884 50 200,000 Columbus Exch Bk Amer Tr A Sav Bk. 350.000 60 39,828 3,558,399 100 75 95 187,781 2,232,349 50 120,000 High Street Bank. Fort W o rth — Per short 60 312,874 5,974,195 50 500,000 Mechanics’ Nat Bk Continental Nat Bk 750.000 196,118 9,062,296 101 100 110 30 107 Merchants’ Nat Bk 1.000.000 1,658,412 9,634,650 Farm A Mech N Bk 1,000,000 354,895 14,320,362 IO C 140 150 91 50 850,000 1,215,410 6,930,522 Nat Bank of Comm First N ational Bank 1.000,000 751,661 19,235,535 100 250 300 Nat Exchange Bank 1,250.000 1,168,965 16,346,395 100 156 ion Ft Worth State B k. 100,000 nl4,600 600,000 100 90 50 109 Phenix Nat B a n k ,. 450,000 1,215,472 2,454,447 Ft Worth Nat Bank 600,000 1,561,107 18,634,634 10C 400 440 _ 500,000 1,378,184 2,491,373 100 230 Providence Nat Bk Stockyards Nat Bk 200,000 113,569 3,485,655 10C 250 300 Industrial Trust Co 4.000,000 8,878,666 110350802 100 335 Texas Nat l B a n k .. 400,000 254,063 5,339,792 10C 275 300 25 133,803 1,001,787 125,000 Per sh are. G alveston— Rhode I Hos Tr Co 3.000.000 6,355,706 80,708,576 1000 4250 City National Bank 200,000 237,272 7,797,339 100 175 185 839,750 19,366,254 100 150 Union Trust C o___ 1.000.000 First National Bank 200,000 258,080 3,162,060 10C 195 205 Pee share. W oonsocket— Sou Texas N at’ l Bk 400,000 172,493 5,182,587 100 v____ 48,020 1,041,315 100 110 100.000 Citizens’ Nat Bank U S National Bank u 1,000,000 101,971 14,556,429 100 100 110 45 92,977 823,088 25 100.000 47 National Globe Bk H o u sto n — N c Tlinal o riee i 200.000 339,457 2,621,790 20 35 Producers’ Nat Bk Citizens State Bank 100,000 05,229 410,042 100 85 95 .......... First National Bank 2 500,000 896,656 33,555,814 501 235 250 200.000 Guaranty Nat Bank 103,505 1,633,701 10' 160 170 SO U T H C A R O L IN A — N a tio n a l banka A p r . 6; State inatitutiona A p r . 6 . Gulf State Bank___ 100,000 23,716 1,030,908 Houston Nat Ba_ _ Pe 600,000 Charleston — share 822,735 10,696,539 lO‘ 175 200 Second Nat B k ____ 1 000,000 870,273 13 ,6 8 6 ,1 4 7 10c 23A 200,000 120,797 3,089,381 100 167 Atlantic Nat Bank 240 Nat Bank of Comm 4 3 2 ,9 1 6 4 ,6 1 3 ,7 0 0 100 276 300 500,000 200,000 635,757 9,565,354 100 265 Atlantic Sav Bank 275 Public N at B a n k .. 300.000 727,408 8,380,297 100 160 170 Bk of Charl’n.N BA 1.000,000 43,119 2,354,671 100 100 110 200.000 181,404 2,650,664 100 225 State N at B a n k ... 250 400,000 Carolina Sav Bank. 112,106 6,316,996 100 165 185 Union N at Bank___ 1.000,000 1,013,302 16,519,578 100 220 89,333 1,539,843 100 172 200,000 Exch Bkg A Tr Co 230 Sou Texas Commer 364,424 2,453,929 100 300 325 First National Bank 200,000 cial Nat B a n k ... 1,000,000 1,449,174 25,000,254 100 825 50,000 33,155 422,808 100 125 130 Miners A Merch Bk 850 Guardian Trust Co 306,072 6,722,150 100 105 110 300,000 People b Nat Bank. 1,000.000 420,292 2,548,196 100 285 305 Houstofi Land A Tr 1,000,000 18,461 1,948,001 100 225 250 50,000 Security 8 av Bank. 486,793 4,062,345 100 150 125 Marine Bank A T r . 906,048 100 100 300,000 100.000 42,628 So.Car L ’n A Tr Co 77,183 2,199,292 100 130 San Jacinto T ru s t.. 300,000 169,995 2,479,213 100 160 170 Slat e ba ni* A p r. 6 . San A n to n io— Q reenvllle— Per sh are. 110 Alamo N at B a n k .. 1,000,000 225,000 32,376 1,511,761 100 105 Amer Bk A Tr C o .. 403,446 8,633,515 100 City National Bank 1,000,000 151,512 1,063.198 100 112 115 300.000 248,600 13,278,746 100 Bank of Commerce Commercial Nat Bk 50 m 200,000 25.000 2,204l 366,610 50 Farmers A Mer B k. 28,054 1,718,674 100 Frost National Bank 1,000,000 263,932 1,679,797 100 230 Firs* National Bank 200,000 626,897 9,255,333 100 Groos Nat B a n k .. . 538,392 5,612,405 100 300 1 250.000 Norwood N at B k .. 250,000 145,923 1,806,074 100 Guar Bond State Bk 413,417 2,529,985 100 305 Peoples Nat B k ___ 200,000 200,000 183,590 4,235,894 100 Lockwood Nat Bk. 73,513 1,728,335 50 000 200,000 377,410 2,544,776 100 121 Nat Bk of Comm ’ce 600.000 Woodside Nat B k .. 250.000 79,122 3,030,764 100 119 285,284 4,865,725 100 Sam Houston St Bk S partanb urg— A Trust............ .. 787,109 too 173 147,634 180 100,000 150,000 American N at B k . . 17,215 478,738 100 851,957 too 150 155 San Antonio NatBk 55,143 500.000 100.000 214,760 2,751,072 100 Bank of Commerce Central Trust C o . . 200,000 110 Carolina N at Bank. 61,508 1,342,567 100 105 200.000 48,083 3,243,593 100 170 Com’w’lth B A T Co Central Nat Bank. 400,000 323,205 2,619,147 100 165 300,000 138,521 3,055,970 100 548,515 100 75 80 Texas State BkATr 300,000 Dollar Sav Bank___ 100,000 4,620 45,993 2,742,902 100 155 W aco— First National Bank P er share. 500.000 247,648 3,146,149 100 150 240 Citizens’ Nat Bank Mer A Farm Bank. 126,500 1,186,000 too 235 250,000 100.000 247,967 3,022,744 100 200 210 472,396 100 153 First National Bank 1,000,000 51,844 220 Southern Trust C o . 60,000 414,336 9,000,210 100 210 First State B A T Co 300,000 69,970 1,981,086 100 105 125 Liberty Nat Bank. 300,000 191,247 3,216,140 100 170 190 National City Bank 100,000 41,638 473,328 100 90 too Provident Nat Bk 300,000 220 243,001 3,226,177 100 210 •Saleprice, a Capital and surplus to be Increased. 6 July 15 1924. e June 30 1924. d Now Central National Bank, it Capital to be increased, p Amount paid in z Ex-dividend. y Closely held. I Last sale, n M ar. 31 1924. * Including First Savings Bank A Trust Co. stock e Sold with First National Bank. Includes trust funds. a Succeeding Texas Bank A Trust Co. t Ex-rights, i Includes American Trust C o. /S e p t . 19 1924. m Present stock represents anticipation in one-half orlglna 1 capital. g Dec. 31 1924. U T A H — N a tio n a l bank* A p r . 6; State in stitu tio n s M a r . 27. C a p ita l. S u rp lu s A P ro rite. Oroee D e p o e ite . O gden— Commercial N at Bk Nat Bank of Comm First Utah Say B k . Ogden State Bank. Security State Bank Bint Utah Nat B k . 100,000 250,000 250,000 100,000 150,000 500,000 $ % 119,287 1,296,476 58,149 2,198,160 192.053 3,321,322 e293,005 7,057,475 46,481 1.224,573 140,271 4,82U,U93 Salt Lake C ity— Continental N at Bk Deseret Nat Bank. Deseret Say B ank. National Copper Bis Utah State N at Bk Utah Say A T r Co. Walker Bros, B ’ker? Sion Say Bk A Tr Co 600,000 500,000 500,000 300.000 500.000 300,000 850,000 1 .000.000 166,447 11,350,395 667,124 4,684,316 271,620 6,162,945 126,748 5,968,254 402,524 9,776,884 164,214 1,804,820 598,596 20,333,922 806,952 11,149,541 t W E S T V I R G I N I A — N a tio n a l bank» A p r . 6 ; State in s titu tio n s A p r . 6 . P a r. 100 100 100 100 100 100 B id . A ek. 175 100 255 600 90 150 200 105 255 95 155 Per eh are. 140 272H 200 150 187 240 242 270 100 120 100 268 100 197 100 130 100 184 100 237 100 238 100 260 ▼ B R M O N T — N a tio n a l banke A p r . 6 . P er ehare People’s N at Bank. Quarry S Bk&T C o . 75,000 100,000 100,000 70,000 141,804 d47,233 2,367,942 3,638,837 i;624;090 100 100 100 B u rlin gton — Chittenden Co T r . _ Howard N at Bank. Merchants N at B k . Burlington T r C o .. 125,000 500.000 150.000 250,000 174,902 326,323 a217,807 484,745 4,075,809 2,232,182 808,762 5,453,482 180 100 40 100 150 135 60 150 M ontpelier— Capita. S B A Tr Co First N atlonal Bank Montpelier N at Bk M ontp’r 8 B A T Co 100,000 100,000 150,000 100.000 200,705 76,962 el47,198 226,533 2,826,995 2,251,423 1,964,558 4,598,848 100 100 100 100 165 125 125 350 R u tla n d — Baxter N at Bank. Clement N at Bank Kllllngton N at Bk. Butland Co N at Bk Rutland Trust C o . 100,000 100.000 100,000 100,000 100,000 99,000 256,202 d ll8 ,6 2 2 121,926 d ll3,6 0 1 500,000 2,547,313 400,566 1,278,928 1,276,118 100 100 100 100 100 185 260 130 125 200 Per share Per ehare 125 Per share 1,346,154 973,465 695,305 84,387 383,937 5,595,432 3,999,046 3,308,053 735,306 2,595,535 821,482 5,582,144 1,561,814 16,389,570 1,024,892 6,456,726 1,391,112 10,851,873 754,662 7,231,560 262,084 3,903,479 291 230 250 135 360 285 120 100 100 100 100 100 100 235 300 197 234 196 175 240 303 202 237 200 180 S u rp lu e P r o fite . $ 122,214 t 500,000 P ar. B id . A ek P er % 1,977,786 100 225 362,500 5,937,731 243,841 2,681,588 523,660 4,614,007 625,320 5,520,761 484,100 1,480,651 193,000 1,600,000 2,090,883 15,428,793 d315,089 3,426,071 100 100 100 100 100 100 100 100 145 245 165 215 135 225 325 210 100 ehare — 240 100,000 600,000 100,000 500,000 500,000 200,000 100,000 750,000 300,000 Oroee D e p o e ite . 645,211 7,049,238 140 M ilwaukee— Badger State Bank. Bay'View Com AS B City Bank_________ First Wisconsin N B Amer N at’l B a n k .. Marine N at Bank _ Marshall A Hsley Bk Mer A Farm State Mer A Manufac Bk sh ort P er 400,000 50,000 500,000 60,000 100,000 421,420 36,343 499,368 36,541 131,624 4,079,750 839,036 5,055,413 1,047,542 2,166,687 100 100 100 100 100 215 150 225 150 210 — P er 200,000 e225,081 5,688,197 100,000 42,601 2,265,680 65,719 2,458,654 300.000 8 .000.000 4,796,449 89,902,515 3 9 .9 0 9 3 5 9 .8 9 5 200,000 i.ooo;ooo 3 1 8 ,5 4 8 1 1,246,885 500,000 1,359,108 11,431,208 1.000,000 2,839,107 22,533,132 132,556 2,803,450 200,000 242,064 2,606,041 400.000 41,327 1,842,656 100 000 573 j241 10,150,421 1 .000,000 858,175 9,453,146 500,000 1 000 000 2 .6 2 2 .3 2 4 35 .3 0 4 .4 8 1 546,394 3,551,067 400.000 125,224 2,981,186 200,000 800,000 1,122,982 2,635,741 100 100 100 100 ioo 100 100 100 100 100 100 100 100 100 100 100 sh ort 150 176 110 209 118 268 218 112 141 180 112 ........... -- -- . 120 1 4 1 K 145 210 175 170 W Y O M I N G — N a tio n a l banks A p r . 6 . C h eyenne— American Nat Bank Cheyenne State Bk Citizens Nat Bank. First National Bank Stock Growers N B Per 250.000 100.000 100,000 200,000 400,000 154,469 23,975 168,937 211,621 91,529 2,363,507 875,119 1,776,118 5,768,489 3,800,655 Short 100 \ Faile d 100 [July 9 1924 100 Per sh are. 1 ,000,000 600,000 1 ,000.000 el70,906 208,643 264,789 3,387,640 3,137,921 4,062,936 100 100 100 100 115 125 130 500,000 250.000 250.000 300.000 500.000 128,947 125,385 44,955 254,770 227,205 2,928,385 1,055,629 563,790 3,018,377 2,941,213 100 120 125 CANADA. R etu rns are all o ] date Capital Paid in. 100 255 100 227 100 128K 100 250 100 281 100 190 100 275 260 235 132 265 287 1,350,000 1 ,000,000 200,000 600,000 100.000 400,000 1 .000,000 1.000.000 1,507,076 20,785,363 2,021,696 15,562,727 432,413 2,021,773 978,027 2,439,866 172,196 1,556,680 193,823 1,214,980 255,737 3,435,116 1,371,230 5,377,972 25 100 25 50 25 10 100 100 62 370 1,980,000 3,039,194 200,000 299,739 200,000 400,000 500,000 760,000 34,525 960,964 745,279 6,872,264 954,191 11,297,747 184,692 1,368,792 S eattle— 400.000 Bang loi bay lu g s.. 200.000 Canad’n Bk of Com Dexter-Horton N B 2 .200,000 500,000 First National Bank 300.000 Marine N at Bank . . 300,000 Metropolit’nN at Bk N at Bk of Comm ’ce 1 ,000.000 500.000 N at C y Bk of Seatt 100.000 People’ s Say B ank. 1 . 000,000 Beattie N at B a n k .. 600.000 Am Say Bk A Tr Co 200,000 University N at B k . Spokane— 100,000 American Bank____ 200,000 Brotherhood N at Bk Exchange N at B k . . 1. 000,000 000,000 Fidelity Nat Bank. Old National Bank. 1 .200,000 Bpok A East T r C o . 1. 000,000 200,000 Washlngton T r C o . T acom a— Nat Bk of Tacom a. 1 ,000,000 300.000 Puget 8 d N at B k . A p r. 60 R eseree Fund. P ric es are % Per sh are. 946,216 16,573,275 632,287 3,953,836 103,480 1,880,470 814,950 7,284,813 2,628,386 25,546,776 160,000 1,650,000 1,479,197 16,784,051 300,000 600,000 31 1920. M avch N O V A S C O T IA . 1.000.00C 500,000 300,000 1 ,000,000 2 ,000,000 200,000 1 ,000.000 W A S H I N G T O N — N a tio n a banke per ce n t. % D e p o s its . P ar. not per eh a r e . % Halifax— Bank of Noya Scotia 10,000,000 19,000,000 176922581 B id . A ek. Per cent. 100 266M 100 100 100 100 50 199 200 195 185 609075888 112448176 31,906,171 477158147 100 100 100 100 244 150 236M 237 1.700.000 83,144,828 100 116K 116M 300 O N T A R IO . 105 170 80 85 14?i 15 H 102 99 445 470 100 180 10U 180 100 100 100 20 90 400 400 22 6; State in e titu tio n e A p r. 95 T o ro n to — Bank of T o ro n to .. p5.000.000 6,000,000 81,724,787 Can Bank of Comm 2 0 ,000,000 20,000,000 370179 208 Dominion Bank___ 6 .000.000 7,000,000 83,575,255 Imperial Bk. of Can 07,000,000 7,500,000 85,402,757 Standard Bank____ 4,823,400 2,900,000 62,956,394 P er cent. 201 201 ‘ 196 187 173 24 6. QUEBEC. Per eh are. 34,570 875,526 4,736,712 37,025,691 15,085,416 5,047,849 6,200,805 22,495,416 5,211,984 4,789,625 25,912,444 2,166,155 2,453,630 100 100 100 100 100 100 100 100 100 100 100 67,103 2,084,717 69,569 2,062,724 288,770 10,544,194 134,085 3,997,724 347,385 20,243,790 452,753 9,937,074 131,825 1,698,844 100 100 100 100 100 100 100 748,616 735,322 121,414 322,694 865,727 281,374 123,038 1,100,577 102,600 60,426 202 240 330 140 322 322 170 204 245 340 145 325 325 175 280 M ontreal— Bank of M ontreal.. 29,916,700 29,916,700 Banque Canadlenne 0,500,000 5.500.000 Provlnc’l Bk of Can 3,000,000 1.500.000 Royal Bk of Canada 20.400.000 20.400,000 Q uebec— Union Bank of Can 0 8 .000,000 Per cent. 247 150H 50 Per sh are. 160 175 120 97 170 105 150 125 100 190 110 155 P er sh are. 529,566 18,394,894 54,287 3,604,653 a Jan. 2. 1925. • Sale price. I Last sale. d March 31 1924. h New stock. eO ct. 10 1924. 100 100 100 100 100 La Crosse— Batavian N at Bank Exchange State Bk N at Bk of LaCrosse Security Says Bank State Bk of La Cr’se W est Side Bank___ North Aye State___ First Wise Trust Co P er sh are. 1 ,000,000 1, 200,000 1,000,000 1 ,000,000 1,000,000 500.000 W heelin g— Centre Wheel’g Say C ltlzen s’-M utual _ Trust C o________ Half-Dollar Say Bk N at Bank of W V a . N at Exchange Bank Cent Union A T rC o So Side Bk A T r Co Dollar Say A Tr Co Security Trust C o . Wheeling Bank A Trust C o ________ Nat Bk of Comm’ce N at Exchange Bank V IR G IN IA — N a tio n a l banke A p r . 6 ; State in stitu tio n s A p r . 6 . 1 ,000.000 1 .000,000 500,000 200,000 300.000 A C a p ita l. W I S C O N S I N — N a tio n a l banke A p r . 6; State in s titu tio n s A p r . 6 . Barre— L yn ch b u rg— First National Bank Lynchburg N at Bk People’s N at Bank. Mutual S Bk A T r . Lynchburg T r A SB N orfo lk — Citizens B ank-------Nat Bk of Comm’ce Trust Co of N orfolk Norfolk N at Bank. Seaboard N at Bank Virginia N at Bank. Petersburg— Petersburg Say A Tr N at Bk o f Petersb. Virginia N at Bank. Portsm outh— Amer Nat Bank. . Bank of Tidewater. Citizens Trust C o .. First N at Bank____ M er & Farmers B k . R ichm ond— American Nat Bank Bank of Com & T r. Broadway N at B k . Central N at B k . . . Flrat National Bank Mech A Merch B k . Merchants N at B k . State & City Bank A Trust C o -------Planters N at Bank. Say Bank of Richm Union Bk of Richm West End Bank---Federal Trust C o .. Richmond Trust Co Virginia Trust C o .. Roanoke— American Nat Bank Colonial N at Bank. D ay A Night Bank of Roanoke_____ First N at Bank . . N at Exchange Bank Mountain Trust Bk [V ol. 120. BAJJK8 AND TRUST COM PANIES 64 100 100 130 100 SASKATCHEW AN. W eyb urn— W eybum Secur B k . 024,060 225,000 3,187,126 100 . . . . 150 125 g This Is capital paid In; authorized amount Is larger. x Ex-dividend. e Deo. 31 1924.