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STOCK EXCHANGE MEMBERS 1650 CALIFORNIA LOS ANGELES OFFICERS: McClarty Harbison, President; S. H. Ellis, Jr., 1st Vice-President; Norman A. Tulk, 2d Vice-President; Frank F. Hargear, Treasurer; W. G. Paul, Exec. Secretary; J. W. Elliott, Managing Secretary; Inez Vermillion, Assistant Secretary MINIMUM RATES OF COMMISSION In Effect November 1, 1934 (Cancelling previous schedules) : a *i SCHEDULE “A” Minimum rates of commission EXCEPTING on stocks listed on the New York Stock Exchange and/or listed or traded on the New York Curb Exchange for which see schedules “D” and “E”. * On Stocks Selling Under 25c, $2.50 per 1,000 shares .50___ .25 and under $; At $ .75___ .50 and under At 1.00___ .75 and under At 3.00___ 1.00 and under At 5.00___ 3.00 and under At 5.00 and under 10.00___ At At 10.00 and under 25.00___ At 25.00 and under 50.00___ At 50.00 and under 75.00___ At 75.00 and under 100.00___ At 100.00 and under 200.00___ Per 100 Shares _$ . _ . . . _ . 1.00 2.00 3.00 4.00 7.50 10.00 17.50 20.00 22.50 25.00 30.00 Odd Lots (per share) .04 .05 .10 • 12J* .25 .25 .25 .25 .30 Minimum $2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 3.00 At $200.00 and over per share, the commission shall be increased $5.00 per 100 shares additional for each $50.00 or fraction thereof increase in selling price. The minimum charge shall be one-tenth (l/10th) the com mission charged for 100 shares. The commission on odd lots shall be on the pro rate basis. <■, - . .Sm’i l-Jb i . .. • - . *> COMMISSION RULES: For the minimum commission on stocks listed on the New York Stock Exchange and/or listed or traded on the New York Curb Exchange, see Schedules “D” and “E.”* On transactions where the total amount of money involved is $10.00 or less, the commission charge shall be optional and where the total amount of money involved is in excess of $10.00 but less than $50.00 the commission charge shall be discretionary with a member subject to a minimum charge of $2.50 for each transaction. In billing less than board lots the commission shall in no case be greater than that which is designated for the transaction involving a board lot. Commission charges on orders in excess of Board Lots shall be as follows: When an order is executed for a number of shares involving a round lot of 100 shares and an odd lot of, say 30 shares, the commission to be charged is the usual rate for the round lot and pro rata for the odd lot, provided the order is executed in its entirety. However, when a customer enters on order to sell 130 shares at a limit and the broker executes the order within the limit for 100 shares and there remain 30 shares which is thereafter converted by the customer into a market order, members are required to treat the 30 shares as an odd lot and charge the odd lot commission and may not charge pro rata of the round lot rate. In any case when a customer changes his limit the unfilled balance of the order must be treated as a new order. Members shall charge customers insurance and postage in connection with ALL transaction OUTSIDE of Los Angeles. PENALTY for violation of the above rates is suspension and fine, or expulsion from the Exchange. NOTE: Special rates are allowed on Stocks listed on both New York and Los Angeles Exchanges. These rates may be had on application to the Los Angeles Stock Exchange. MEMBERS Adams, Thomas E. & Co., 650 S. Spring St. Adams-Chadwick Co., 650 S. Spring St. Akin-Lambert Co., 639 So. Spring St. Anderson, Barbour & Smith, 634 S. Spring St. Bacon & Co., 485 California St., San Francisco. Bankamerica Co., 650 South Spring St. BANKS, HUNTLEY & CO., G34 South Spring St. Barnes, Lester & Co., 621 S. Spring St. Bateman, Eichler & Co., 453 S. Spring St. Bayly Brothers, Inc. of California, 727 West 7th St. Bennett, Richards & Co., 621 S. Spring St. Bethke, Lopez & Co., 650 S. Spring St. Bissinger, F. M. & Co., 634 S. Spring St. Boothe, Gillette & Co., Ill W. 7th St. Brashears, G. & Co., 510 So. Spring St. *Casamajor & Doty, 619 E. Colorado St., Pasa dena. Cass Associates, Quincy, 530 W. 6th St. CAVALIER, WM. & CO., Ground Floor Lobby, 523 W. 6th St. Crisler, L. A. & Co., 639 S. Spring St. Crowell, Weedon & Co., 650 S. Spring St. Dickinson, R. B., 427 S. Union Dr. Dobbs, Wagenseller & Durst, 626 S. Spring St. Dunk-Harbison Co., 634 S. Spring St. Edgerton, Riley & Walter, 621 S. Spring St. Ellis, S. H., Inc., 639 S. Spring St. Fastnow, William C., 217 W. 7th St. Friedlander & Speth, Inc., 650 S. Spring St. GRANT, D. G. COMPANY, Room 415, 453 So. Spring St. Graves, Banning & Co., 629 S. Spring St. *Greenwood & Co., 6253 Hollywood Blvd., Hollywood. Gregory, R. N. & Co., 210 W. 7th St. Harris, F. E. & Co., 650 S. Spring St. Hay, Earl G., 650 S. Spring St. Hill, Reed & Co., 621 S. Spring St. *Hogle, J. A., & Co., 9388 Burton Way, Beverly Hills. Hutton, E. F. & Co., 623 South Spring St. Jameson, A. L. & Co., 650 South Spring St. Kerr, J. D. & Co., 621 South Spring St. ♦Knight, Jno. 0., 2177 W. 24th St. Laswell & Co., 609 S. Grand Ave. Leib, Keyston & Co., 50 Post St., San Francisco. Lewis, M. H. & Co., 453 S. Spring St. Longan, Dunn & Co., 621 S. Spring St. MacLaughlin, Leo G., Co., 54 S. Los Robles Ave., Pasadena. Marache, Paul J. & Co., 650 S. Spring St. Martin, James R. & Co., 647 South Spring St. Miller. Revel & Co., 650 S. Spring St. Mitchum, Tully & Jones, 650 S. Spring St. Montjoy, Hurry & Hilgers, 621 S. Spring St. Morlan, Malcolm F„ 217 W. 7th St. Morris, A. W„ 325 W. 8th St. ♦Newland, E. H. & Co., 639 S. Spring St. Pacific Company of California, 623 South Hope St. Paul & Jones, 215 W. 6th St. Rath, Howard G. Co., 523 W. 6th St. Robinson, B. B., 639 S. Spring St. Rogers & Co., Hartley, 210 W. 7th St. ♦Rossiter & Hillman, 433 S. Spring St. Rutland, Edwards & Co., Inc., 530 W. 6th St. Sattler, Joseph, 634 S. Spring St. Searl-Merrick Company, 634 S. Spring St. STAATS, WM. R. CO., 640 South Spring St. Sutro & Company, 210 W. 7th St. Tucker-Reagan Co., 124 E. First St., Long Beach. Tulk & Co., 325 W. 8th St. Vedder & Co., Clyde, 639 S. Spring St. Walker, M. S., & Co., 125 E. First St., Long Beach. Wilke, Fred L.. 530 W. Sixth St. Young-Clarke & Co., 215 W. 7th St. (Associate members*) Further information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list in each city https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1651 STOCK EXCHANGE MEMBERS COLORADO COLORADO SPRINGS, COLORADO Secretary—C. M. Balkam, 418 Milling Exchange Bldg. BATES OF COMMISSION Adopted December 31, 1935 ON BONDS Under lc per share.......... ........................................... $ .50 per 1,000 shares At lc and under 2c per share.............. .75 per 1,000 shares At 2c and under 5c per share............... 1.25 per 1,000 shares At 5c and under 10c per share.............. 2.00 per 1,000 shares At 10c and under 20c per share.................. 3.00 per 1,000 shares At 20c and under 30c per share.......... ................ 4.00 per 1,000 shares At 30c and under 40c per share................ 5.00 per 1,000 shares At 40c and under 50c per share_________ 6.00 per 1,000 shares At 50c and under 75c per share________ 7.50 per 1,000 shares At 75c and under $1.00 per share........................... 10.00 per 1,000 shares At $1.00 and under $2.00 per share.............................2.00 per 100 shares At $2.00 and under $3.00 per share___ ____ 4.00 per 100 shares At $3.00 and under $5.00 per share......................... 5.50 per 100 shares At $5.00 and under $10.00 per share.......... ........... 7.50 per 100 shares *At $10.00 and under $25.00 per share_________ 15.00 per 100 shares At $25.00 and over per share.. J._................ 25.00 per 100 shares (Minimum commission shall not be less than $1.00 on an individual transaction.) *Golden Cycle Corp.—20c per share. (Effective July 17, 1934) $1.50 per $100 bond—for total par values of $100 to $500 inclusive. $3.00 per single bond of $1,000 par value. $2.50 for each bond in even multiples of $1,000 par value. BOARD-LOTS 5,000 shares in stocks selling at less than 2c per share. 1,000 shares in stocks selling at 2c and less than 50c per share. 500 shares in stocks selling at 50c and less than $2.00 per share, except the shares of the Holly Development Company in which 100 shares shall constitute a board-lot. 100 shares in stocks selling at $2.00 and less than $10.00 per share. 10 shares in stocks selling at $10.00 and over per share. Daily quotations are for board-lots only. MEMBERS Baikam, C. M., 338 First Nat’l Bk. Bldg. Carlton, L. G., Golden Cycle Bldg. Gray, William, Mining Exchange Bldg. Harris, Upham & Co., Mining Ex. Bldg. Hopkins, C. D., Mining Exchange Bldg. Hughes, E. W. & Co., Mining Ex. Bldg. Leipheimer, N., Independence Bldg. Nicholson, W. F„ Mining Ex. Bldg. Penrose, Spencer, Broadmoor Hotel Quentin, E. E. & Co., P. O. Box 343 Ragle, Horace, Mining Ex. Bldg. Sachs, Henry, First Nat’l Bk. Bldg. Shove-Hager & Co., Inc., Mining Exchange Bldg. Tutt, Chas. L., Mining Ex. Bldg. Young, H. A., Independence Bldg. Young, R. S„ Mining Ex. Bldg. DENVER Officers: Warren R. Given, President; Amos Downs, Vice-President; Fred W. Miller, Treasurer; Ralph M. Davis, Secretary; Marjorie Eaton, Assistant Secretary. BATES OF COMMISSION SCALE OF COMMISSIONS Stocks selling under 5c 5c “ at 10c 50c $1.00 $2.50 $5.00 $10.00 “ $25.00 and under 10c “ “ 50c “ $1.00 “ “ $2.50 “ $5.00 “ “ $10.00 “ $25.00 “ over Units of Trading (Board Lots) 5% on money $2.50 per thousand shares lA c ‘ share $2.50 ‘ hundred shares $3.00 * $5.00 ‘ $7.50 ............... $12.50 ‘ $25.00 ‘ Minimum commission is as follows: On orders amounting to $60.00 or less, $1.50; on stocks selling under $10.00 per share, $2.50; on stocks selling at $10.00 and above, $3.50. No State Tax required on transactions on the Denver Stock Exchange. Transfer charge added. Tbe unit of trading (board lots) shall be as follows: Stocks selling at 1 cent per share or under—5,000 shares. Stocks selling above 1 cent per share and under 10 cents per share—1,000 shares. Stocks selling at 10 cents per share and under 50 cents per share—500 shares. Stocks selling at 50 cents per share and under $3.00 per share—100 shares. Stocks selling at $3.00 per share and under $10.00 per share—50 shares. Stocks selling at $10.00 per share and under $25.00 per share—25 shares. Stocks selling at $25.00 per share and over—10 shares. Offers to buy or sell shall be taken to mean a board lot unless otherwise specified. Board lots shall at all times take precedence over special lots. Offers to buy or sell special lots greater than board lots shall be held to include board lots for the whole or any portion thereof. MEMBERS Blackwell, C. G., & Co., U. S. National Bank Bldg. Carroll & Co., Inc., Guardian Trust Bldg. Cleek & Co., 1737 Stout St. Coe & Co., W. L., 611 C. A. Johnson Bldg. Currie, Trevor, 437 U. S. National Bank Bldg. Davis, R. M., & Co., U. S. National Bank Bldg. Downs & Co., 718 17th St. Foreman & Co., 213 California Bldg. W. R. Given & Co., Suite 804 Interstate Trust Bldg. Howard J. Hannon & Co., 1012 U. S. National Bank Bldg. Ralph G. McFann & Co., 431 U. S. Nat’l Bank Bldg. Meyer-Martin & Co.,Suite931U.S.Nat’l Bank Bldg. Nation Wide Investment Co., 2239 E. Colfax Ave. P. B. Rosebrough, 1536 Welton St. W. F. Ryan, 509 17th St. Stark-Daniel & Co., Idaho Springs, Colo. Stern-Stovall Co., 404 Patterson Bldg. A. F. Woodward, 521 U. S. National Bank Bldg. R. E. Young & Company, 1706 Stout St. Further Information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list In each city. 87 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Stock Exchgs. STOCK EXCHANGE MEMBERS 1652 SAN FRANCISCO (155 Sansome St.) Officers: F. C. Shaughnessy, President; Ross A. J. Curran, Vice-President; Ruth Kapelsky, Secretary. The Anglo California National Bank, San Francisco, Treasurer. MINIMUM RATES OF COMMISSION—In Effect AprU 28, 1930 t Under $1.00 per share BONDS Minimum Charge On Stocks Selling Up to $125.00, $10,000 lots................ $25.00 per $10,000 par value..$2.50 (Odd lots pro rata) At $125.00 and over rates for stocks apply (except that an odd lot is less than $10,000 par value) .........$ 3.00 per 100 shares..$2.50 (Odd lots 12)4 c per share) At $ 1.00 and under $ 3.00 per share........ $ 4.00 per 100 shares..$2.60 (Odd lots 1234c per share) At$ 3.00 and under $ 5.00 per share____ $ 7.50 per 100 shares..$2.50 (Odd lots 1234c per share) At$ 5.00 and under $ 10.00 per share.........$10.00 per 100 shares..$2.50 (Odd lots 12J4c per share) Minimum Charge NOTE: Whenever the commission charge based on the odd lot rate is higher than a charge for a round lot (100 shares) of the same stock, the latter amount may be charged. On all transactions where the total amount of money involved is less than $50.00, but not less than $10.00, the commission charge shall be discretionary with the member, subject to a minimum charge of $2.50 for each transaction. When the amount involved is less than $10.00 the commission charge shall be entirely discretionary. Orders executed locally in stocks listed on the New York Stock Exchange or the New York Curb Exchange shall take the established New YorkWestern rates for such stocks which differ from the above schedule only in the round lot rates as follows: At $ 10.00 and under $ 25.00 per share.........$17.50 per 100 shares..$2.50 (Odd lots 25c per share) At $ 25.00 and under $ 50.00 per share.........$20.00 per 100 shares..$2.50 (Odd lots 25c per share) At $ 50.00 and under $ 75.00 per share____ $22.50 per 100 shares..$2.50 (Odd lots 25c per share) On New York Stock Exchange stocks: At $ .50 per share and under $1.00 per share.............$ 5.00 per 100 shares At $1.00 per share and under $5.00 per share..............$10.00 per 100 shares At $ 75.00 and under $100.00 per share____ $25.00 per 100 shares..$2.50 (Odd lots 25c per share) On New York Curb Exchange Stocks: At $1.00 per share and under $3.00 per share.............. $ 7.50 per 100 shares The MINIMUM CHARGE for business transacted on the New York Stock Exchange or the New York Curb Exchange shall be $5.00, except that when the total amount involved is less than $50.00, the minimum charge is $2.50; and except that when the amount of money involved is less than $10.00, the commission charge shall be optional. At $100.00 and under $200.00 per share____ $30.00 per 100 shares..$3.00 (Odd lots 30c per share) At $200.00 and over per share, the commission shall be increased $5.00 per 100 shares additional for each $50.00 or fraction thereof increase in selling price. The commission on odd lots shall be on a pro rata basis. The minimum charge shall be l/10th the commission charged for 100 shares. Insurance and postage at the rate of 15c for each $1,000 of value or part thereof shall be charged on all non-negotiable securities shipped for customers whether eastbound or westbound, with a minimum charge of 30c. Insurance and postage at the rate of 20c for each $1,000 of value or part thereof shall be charged on all negotiable securities shipped for customers, whether eastbound or westbound, with a minimum charge of 45c. If a member accounts to a customer for several orders involving one shipment, the total proceeds may be added and the insurance and postage charge may be made on the total proceeds at the rates above specified. t In no case need the commission on rights selling under fifty cents exceed flye per cent of the money involved in the trade. MEMBERS Adams, W. W. & Co., 465 California St. Alanson Bros. & Co., 1109-1112 Kohl Bldg. ♦American Brokerage, Inc. Bacon & Co., 485 California St. ♦Bankamerica Company, 485 California Street Barth, J. & Co., 482 California St. Berl, Edwin D., 256 Montgomery St. Bolton, Robert C. & Co., 219-224 Kohl Bldg. Bremer, Milton A., 256 Montgomery St. CAVALIER, WM. & CO., 121 Sutter St. Coleman, Jr.. Robert L„ 133 Montgomery St. Curran & Hooker, 155 Sansome St. Davis, Skaggs & Co., 521 One Eleven Sutter Bldg. Dwyer & Park, 155 Sansome St. Ehrman, Albert L., 519 California St. ♦Elworthy & Co., ill Sutter St. Fagan Eastland & Co., 1 Montgomery St., Fisher & Co., 351 Montgomery St. Greenwood-Raggio & Co., 1501 Russ Bldg. Grimes & Swift, 207 Financial Center Bldg. Haley, S. Milton, 315 Montgomery St. Hellmann-Wade & Co., 517 California St. Hendrickson, Shuman & Co., 155 Sansome St. Holt & Co., 2027 Sutter St. Howell, Douglass & Co., 2100 Russ Bldg. Jenkins, Reginald C., 216 Montgomery St. Johnson, Cyrus B., 155 Sansome St. Johnson, Frederic H., 1543 Russ Bldg. Kahn, Sidney P., 482 California St. Keyston F. B. Co., 50 Post St. Koshland, Max I. & Co., Suite 12, Mills Bldg. Leib, Keyston & Co., 50 Post St. Lillenthal, M. P., & Co., 1204 Russ Bldg. Lundborg, Irving & Co., 604 Kohl Bldg. Manheim, Dibbern & Co., 440 Montgomery St. McDonnell & Co., 633 Market St. McGittigan, Paul V., Vallejo, Calif. McNear & Company, 362 Russ Bldg. Meigs, J. J., 114 Sansome St. Newell Murdoch Railey & Co., 232 Montgomery St. (Associate Member*) Norris, L. H. & Son, 1272 Russ Bldg. Parrish, Earl T., 50 Post St. PIERCE, E. A. & CO., 301 Montgomery St. Raiss, Carl & Co., 256 Montgomery St. St. Goar, Chas. E., 1029 Russ Bldg. Shaughnessy, Frank C. & Co., 604 One Eleven Sutter Bldg. *WM. R. STAATS CO., 155 Montgomery St. Stern, John D„ 155 Sansome St. Stewart, Deuchar & Co. ,2210 Russ Bldg. Strassburger & Co., 133 Montgomery St. Sutro, Adolph G„ 1000 Point Lobos Ave. Sutro & Co., 407 Montgomery St. Walston & Co., 2801 Russ Bldg. Warren & Maxwell, 1 Montgomery St. Wheeler, Rollo C., 1243 Russ Bldg. Wilson, Francis A., 1112 Russ Bldg. Witter, Dean & Co., 308 Kohl Bldg. CONNECTICUT HARTFORD Officers: Wm.D. Holman, President; E. Welles Eddy. Vice-President; Thomas C. Perkins, Secretary; M. L. Stevens, Ass(. Secretary; Chas. S. Bissell, Treasurer. All bonds Stocks selling: Below $ 25 $ 25___ 49 ys 50___ 99)4 100___ 199)4 200___ 299)4 300___ 499)4 500___ 699)4 700 up COMMISSION CHARGES M of 1% • 12)4 .25 .50 1.00 2.00 3.00 4.00 5.00 Commission Commission Commission Commission Commission Commission Commission Commission Commission MEMBERS Adams, Merrill & Co., 36 Pearl Street Austin & Co., G. L„ 64 Pearl Street Ballard & Company, 43 Pearl Street Barnes & Co., Roy T. H., 125 Trumbull Street Bissell & Co.. C. S„ 36 Pearl St. Conning & Company, 50 Lewis Street COOLEY & COMPANY, 100 Pearl St. Easland & Company, 49 Pearl Street. Eddy Brothers & Co., 33 Lewis Street Goodwin Beach & Co., 94 Pearl Street Paine, Webber & Co., 49 Pearl Street. Perkins, Thomas C„ 36 Pearl Street. Putnam & Company, 6 Central Row. Shaw, F. Raymond, 42 Pilgrim Rd., W. Hartford. Stevenson, Gregory & Co., 56 Pearl Street. Thomson, James L., 690 Asylum Ave. Whaples, Viering & Co., 129 Trumbull Street Further Information on firms appearing In bold lace type will be found in the selected list of Investment Dealers following bank list in eacb city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1653 DISTRICT OF COLUMBIA WASHINGTON STOCKS Under 50c a share........................ .......................................... 1HC. per share At 50c a share and above, but under $1__............................ 3c. pershare At $1 a share and above, but under $5_________ 5c. pershare At $5 a share and above, but under $10. ............................. 10c. pershare At $10 a share and above, but under $50.............................. 15c. pershare At $50 a share and above, but under $100............................ 25c. pershare At $100 a share and above, but under $200......... 50c. pershare At $200 a share and above............. .................H% of amount of transaction Commissions on Rights shall be the same as those fixed for stocks. Fractional shares: Less than H share................. .................................... 25c. each transaction H share and over........................ ...............................50c. each transaction Minimum charge of $1.50 on any single transaction except fractional shares. Washington Stock Exchange Officers: Y. E. Booker, Pres. Karl W. Corby, V. P. W. W. Mackall, Jr., Tr. James M. Johnston, Sec. COMMISSION CHARGES BONDS Government............. ..................................................... All other bonds............................................................ 12Hc. per $100 25c. per $100 MEMBERS Auchincloss, Parker & Redpath, 719 15th St., N. W. Booker, Y. E. & Company, 730 15th St., N. W. BrawnerJno. F., c/o Waggaman, Brawner & Co., Inc., 1700 Eye St., N. W. Brown, Goodwyn and Co., 730 15th St. N. W. Casilear, R. A., Falls Church, Va. Erwin, Henry P„ Hibbs Bldg., 725 15th St. N. W. Ferris George M., Washington Bldg., 15th & New York Ave., N. W. Flather, H. H„ 725 15th St., N. W. Glover, Chas. C., Sr., 1503 Pennsylvania Ave., N. W. Gockeler, C. J„ 619 14th St., N. W. Golden, Theodore T., 730 15th St., N. W. Harriman & Keech, 815 15th St. N. W. Hibbs, W. B. & Co., 725 15th St. N. W. Hillyer, Edward L., c/o Union Tr. Co., 15th & H Sts., N. W. Hoover, W. D., c/o National Savings & Trust Co. Jacobsen, Charles, 613 15th St., N. W. Johnson, O. H. P„ 613 15th St., N. W. Johnston, James M., & Company, Southern Bldg., 15th & H Sts., N. W. Jones, Robert C., Shoreham Bldg., 15th & H Sts., N. W. Kurtz, Carl R., c/o Stroud, Kurtz & Co., Inc., 17th & H Sts., N. W. Mackall, Jr., W. W., Woodward Bldg. MACKUBIN, LEGG & CO., Woodward Bldg. 15th & H Sts., N. W. McKnew, Donald H„ 719 15th St. N. W. Morrison, L. W., Estate, 414 W. Colorado St., Pasadena, Calif. Murphy & Co., G. M. P„ 52 Broadway, New York City, N. Y. O’Donnell, James, 15th and Eye Sts., N. W. Poole, John, 1429 Eye St. Quail, Myles H., 730 15th St., N. W. Rodler, P. P„ 725 15th St., N. W. Thoron, Benjamin, 1900 N. St., N. W. Waggaman, Ennalls, 1700 Eye St., N. W. Wales & Co., K. S„ 839 17th St. N. W. Weber, Geo. W„ 815 15th St., N. W. Westheimer & Company, Woodward Bldg., 15th and H Sts., N. W. Wilkins, Jno. F„ 1700 Massachusetts Ave., N. W HAWAII HONOLULU Officers: Geo. H. Kellerman, President; R. K. Thomas, Vice-President; Geo. E. Parker, Executive Secretary; Hawaiian Tr. Co., Ltd., Treasurer. MINIMUM RATES OF COMMISSION Adopted by the HONOLULU STOCK EXCHANGE Effective May 10,1929 On stock bought or sold locally—listed or not listed. Stocks selling Stocks selling Stocks selling Stocks selling Stocks selling Stocks selling Stocks selling below $ at at at at at at .10.............. .......... ..................... H .10 and under $ 1.00_________ 01 1.00 and under 2.50..................02H 2.50 and under 5.00.................07}^ 5.00 and under 10.00________ .12H 10.00 and under 20.00......... ....... .20 20.00 and under 50.00................ .25 Andrade, Joe, 89 Merchant St. Bishop Trust Co., Ltd., 1415 King St. Bldg. Campbell, A. J„ 79 Merchant St. Cooke Trust Co., Ltd., 920 Fort St. per share per share per share per share per share per share per share Stocks selling at 50.00 and under 75.00_________.35 per share Stocks selling at 75.00 and under 100.00_________.40 per share 100.00 and above........... H of 1% Stocks selling at Minimum commission on stocks $2.50. Minimum commission on Bonds one fourth of one per cent on par, but not less than 50c. MEMBERS Hawaiian Trust Co., Ltd., 120 S. King St. Love & Co., Ltd., W. A., P. O. Box 578. Rice, Jr., A. H„ 227 S. King St. Union Trust Co., Ltd., 1025 Alakea St. Walker, Samuel A., 80 Merchant St. Walsh, John J„ P. O. Box 381. Witter, (Dean) & Co., 115 Merchants St. ILLINOIS CHICAGO Officers: Michael J. O’Brien, President; Harvey T. Hill, Executive Vice-President; Wallace C. Winter, Vice-President; Paul B. Skinner, Treasurer; Martin E. Nelson, Assistant Secretary and Assistant Treasurer; Jess Halsted, Secretary; Charles T. Atkinson, Secretary Emeritus; Kenneth L. Smith, Assistant Secretary; Sidney L. Parry, Assistant Secretary; G. Hamilton Beasley, Assistant Secretary. George W. Wilson, Assistant Secretary and Floor Manager. RATES OF COMMISSION (a3) On business for members of the Exchange when a principal is Commissions: not given up, the commission shall be not less than the following: Section 1. Commissions shall be charged and paid under all circum Selling at less than 1 per cent of face value of principal— stances, upon all purchases or sales of securities dealt in upon the Exchange As may be mutually agreed upon. (except as provided in Subdivision [h], Section 2 of this Article) and shall Selling at 1 per cent or above but under 10 per cent of face value of be absolutely net and free from all or any rebatement, return, discount or principal— allowance in any shape or manner whatsoever, or by any method or arrange Not less than 62Hc per $1,000 face value of principal. ment direct or indirect; and no bonus or any percentage or portion of the Selling at 10 per cent of face value of principal and above. commission shall be given, paid or allowed, directly or indirectly, or as a Not less than $1.25 per $1,000 face value of principal. salary or portion of a salary, to any clerk or person for business sought or procured for any member of the Exchange. (b) On securities of the United States, Porto Rico and the Philippine Islands, and of states, territories and municipalities therein, on business Sec. 2. Commissions shall be calculated on the basis hereinafter specified: for members of the Exchange as well as nonmembers, the restrictions as to (a) On railroad, public utility and industrial bonds, having more than minimum commissions contained in this article shall not be applicable, but five years to run: the rates to be charged shall be such as may be mutually agreed upon. (c) On Stocks: (al) On business for parties not members of the Exchange, including joint account transactions in which a nonmember is interested; transactions (cl) On business for parties not members of the Exchange, including for partners not members of the Exchange; and for firms of which the joint account transactions in which a non-member is interested; transac Exchange member or members are special partners only, the commission tions for partners not members of the Exchange; and for firms of which the shall be not less than the following: Exchange member or members are special partners only, the commission shall be not less than the following: Selling at less than 1 per cent of face value of principal— As may be mutually agreed upon. On stocks selling below $10 per share, but not less than $1 per share, Selling at 1 per cent or above but under 10 per cent of face value of 7Hc per share. principal— On stocks selling at $10 per share and above, but under $25 per share, Not less than $1.25 per $1,000 face value of principal. 12He per share. Selling at 10 per cent of face value of principal and above— On stocks selling at $25 per share and above, but under $50 per share, Not less than $2.50 per $1,000 face value of principal. 15c per share. On stock selling at $50 per share and above, but under $75 per share, (a2) On business for members of the Exchange when a principal is 17Hc per share. given up, the commission shall be not less than the following: On stocks selling at $75 per share and above, but under $100 per share, Selling at less than 1 per cent of face value of principal— 20c per share. As may be mutually agreed upon. On stocks selling at $100 per share and above, but under $200 per share, Selling at 1 per cent or above but under 10 per cent of face value of 25c per share. principal— On stocks selling at $200 per share and over, 25c per share for the first Not less than 37 He per $1,000 face value of principal. $200 in price and 5c per share additional for each $50 increase in price, or Selling at 10 per cent of face value of principal and above— fraction thereof. Not less than 75c per $1,000 face value of principal. Further information on firms appearing In bold face type will be found In the selected list of Investment Dealers following bank list In each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1654 STOCK EXCHANGE MEMBERS CHICAGO—Continued BATES OF COMMISSION—Continued The minimum commission on an individual transaction in stock shall be not less than as provided in subdivision (h) of Section 2, and Section 3 of this Article. (c2) On business for members of the Exchange when a principal is given up, the commission shall be not less than the following: On stocks selling below $10 per share but not less than $1 per share, lMc per share. On stocks selling at $10 per share and above, but under $125 per share, 2Mc per share. On stocks selling at $125 per share and over, 3c per share, except that the minimum commission shall be not less than as provided in Section 3 of this Article. (c3) On business for members of the Exchange when a principal Is not given up, the commission shall be not less than the following: On stocks selling below $10 per share but not less than $1 per share, lMc per share. On stocks selling at $10 per share and above, but under $125 per share, 3Mc per share. On stocks selling at $125 per share and over, 5c per share, provided, however, that the minimum commissions on individual transactions shall be not less than as provided in Section 3 of this Article. (d) In transactions where orders are received from a non-member, where in the broker filling the order is directed to give up another broker or clearing house, the responsibility of collecting the full commission, as specified in Subdivisions (al), (b) and (cl), hereof, shall rest with the broker or clearing house settling the transaction. (e) In transactions where orders are received from a member, on which the clearing firm is given up by said member or by his order, the responsibility of collecting the full commission, as specified in Subdivisions (a3), (b) and (c3), hereof, shall rest with said clearing firm; and it shall be the duty of the broker who executes such orders to report such transactions to the clearing firm and render to them and collect his bill therefor at the rate specified in Subdivisions (a2), (b) and (c2), hereof; and also that where a broker executes an order for a member and clears the security himself, he must charge the rates specified in Subdivisions (a3), (b) and (c3), hereof. (f) Whenever a nonmember of this Exchange shall cause to be executed in any market outside of the United States any order or orders, for the purchase or sale of securities listed on this Exchange, (except as provided in Subdivision [h] hereof), and said purchase or sale shall be accepted by a member or firm who are members of this Exchange, for the account of said non-members, the commission as specified in Subdivisions (al), (b) and (cl), hereof, shall be charged said nonmember in addition to any commission charged by the party or parties making the transaction. (g) When securities are received or delivered on a privilege for a non member, the commission as specified in Subdivisions (al), (b) and (cl), hereof, must be charged whether said securities are received or delivered upon the day of expiration of said privilege or prior thereto. (h) On Subscription Rights, Stocks selling for less than $1 per share: Bonds or Notes of Foreign Countries having five years or less to run; Notes of Corporations having five years or iess to run; Bonds having five years or less to run; such rates to members or non-members as may be mutually agreed upon; provided, however, that the Committee on Commissions, with the approval of the Governing Committee, may hereafter determine special rates on any or all of the above mentioned securities. (i) When a member merely receives and delivers securities for another member, the clearing charge for said service may be a matter of mutual agreement, and the restrictions as to minimum commissions contained in this Article shall not be applicable. Such clearing charges shall be based upon a stipulated sum of money for each one hundred shares of stock or one thousand dollars of bonds received or delivered. The payment for said service of a certain sum of money for any period of time, irrespective of the number of shares or amount of bonds cleared, is forbidden. Sec. 3. The minimum commission on transactions in stocks for non members (except in stocks selling for less than $1.00 per share) shall (a) Where the transaction involves $200.00 or more, be not less than $5.00; (b) Where the transaction involves less than $200.00 but $15.00 or more, be not less than $3.00; and (c) Where the transaction involves less than $15.00, be as may b« mutually agreed upon. Upon transactions between members, the minimum commission shall be $1.00 upon stocks selling at $10.00 and above per share, and 50c upon stocks selling below $10.00 per share but not less than $1.00 per share; Provided, that where any transaction involves less than $15.00, the com mission to be charged may be mutually agreed upon, and Provided Further, that there shall be no minimum commission fixed upon'transactions in odd lots executed by members for and on behalf of odd lot dealers who have been approved as such by the Exchange, but the commissions to be charged to odd lot dealers upon the execution of transactions in odd lots shall be calculated in accordance with Section 2 of this Article, without any minimum. Sec. 4. Members suspended by the Governing Committee shall not, during the time of suspension, be entitled to have their business transacted at member rates. A member who is in suspension by reason of insolvency, may have his business transacted at members’ rates. Sec. 5. No agreement or arrangement shall be entered into between a member of his firm, and his or their customer, whereby special and unusual rates of interest are stipulated for, or money advances upon unusual terms are made a condition in connection with the conducting of an account, with intent thereby to give special or unusual advantages to such customer for the purpose of securing his business. Sec. 6. No payment shall be made to customers of the proceeds from the sale of securities on the day of the sale and before the money is received by the broker, unless interest is charged. When securities purchased for a customer are not paid for by him on the day they are received and paid for by the broker, interest must be charged from that date to the date of payment. Where a material or more than nominal loss is sustained, either through bank exchange charges or interest, the same must be charged to the customer. Sec. 7. Any member violating this Article, directly or indirectly, of which the Governing Committee shall be the judge, shall, upon conviction, for the first offense, be fined five hundred dollars, and shall be suspended for a period of not less than three months; and for the second offense shall be expelled, and his membership disposed of by the Committee on Admis sions. COMMISSIONS ON BIGHTS AND STOCK Reference is made to the By-Laws, Article XVI, Section 2, paragraph (h). The Committee on Commissions, with the approval of the Governing Committee, hereby rules that until further notice the commissions on sub scription rights accruing on one share of stock and upon stock selling for less than $1.00 per share shall be not less than the following: Under 50c per right or share of stock: May be mutually agreed upon. 50c per right or share of stock, but under $1.00: To non-members, not less than 3c; minimum 50c. To members, give-ups, not less than J^c. To members, clearance, not less than Me. $1.00 per right and above, but under $5.00: To non-members, not less than 5c; minimum $1.00. To members, give-ups, not less than Me. To members, clearance, not less than lMc. $5.00 per right and above, but under $10.00: To non-members, not less than 7J^c; minimum $1.00. To members, give-ups, not less than l%c. To members, clearance, not less than lMc. $10.00 per right and above: The rates shall conform to the rates on stocks of the same price; provided that the minimum on one transaction to non-members shall be $2.00. The above rates to be effective as of December 30, 1930, and to continue in force until further notice. Compensation: The payment of any commission or bonus for the adjustment of salaries is held a violation of Article XVI, Section 1 of the By-Laws. Any plans for additional or adjusting compensation should be submitted to the Committee on Commissions for its approval. Discretionary Accounts: Customers’ men and all other employees are prohibited from handling discretionary accounts. Discretionary power in the handling of an account may be vested only in partners. A partner may delegate such discretionary power to a customers’ man to a reasonable extent, provided the consent of the customer in writing is first obtained. Such delegation of discretionary power by a partner to a customers’ man does not relieve the partner of responsibility for improper transactions. MEMBEBS Aagaard, Walter S., at Lamson Bros. & Co., 141 W. Jackson Blvd. Abbott, Proctor & Paine, 208 S. La Salle St. Aldrich, Frederick C., 120 S. LaSalle St. Anderson, Robert B., 22 W. Monroe St. Andrew, L. A., Jr. & Co., 38 S. Dearborn St. Andrews, A. M., 17 E. 45th St., New York. Annan, David H., 141 W. Jackson Blvd. Apgar, Daniels & Co.. 120 S. LaSalle St. Armour, Laurance H., 33 N. LaSalle St. Armstrong, Frederick W., 132 W. Monroe St. Austrian, Harvey S., 141 W. Jackson Blvd. Avery & Co., 60 Broad St., New York, N. Y. BABCOCK, BUSHTON & CO., 135 S. LaSalle St. BACHE, J. 8. & CO., 316 S. LaSalle St. Bacon & Co., San Francisco, Calif. BACON, WHIPPLE & CO., 135 S. LaSalle St. Badenoch, David A., Route No. 1, Burlington, Wis. Baker. Alfred L. & Co . Ill S. LaSalle St. Ballard, Seymour, at Slaughter & Russell, 120 S. LaSalle St. Bartlett, Frederick H., 69 W. Washington St. Bartling, Herbert Wr., 39 S. LaSalle St. Baur, Willis S., at Thomson & McKinnon, 2100 Board of Trade Bldg. Becker, Paul M., 231 S. LaSalle St. Bell & Beckwith, Toledo, Ohio. Bennett, James E. & Co., 332 S. LaSalle St. Benson, George B., at Babcock, Rushton & Co., 135 S. LaSalle St. Benz, George W., 300 Shubert Bldg., St. Paul, Minn. Benz, Herbert G., 300 Shubert Bldg., St. Paul, Minn. Bidgood, Clyde H„ at E. A. Pierce & Co., 105 W. Adams St. Biel, Edward L., 120 S. LaSalle St. Billings, John W., at Sadler & Co., 105 S. LaSalle St. Blair, Wolcott, at Mitchell, Hutchins & Co., 231 S. LaSalle St. Blesch, Joseph G., 4720 Greenwood Ave. Bloomingston, Jno. A., 160 N. LaSalle St. Blum, Harry H., 630 S. Michigan Ave. Blumenthal & Ward, 120 S. LaSalle St Bodman, Harold C., care of American Express Co., Florence, Italy. Boorman, Earl D., 120 S. LaSalle St. Boyce, W. Graham, Jr., 67 E. Bellevue Place. Boyden, William C., Jr., 134 S. LaSalle St. Bridgen, Clarence J., at Paine, Webber & Co., 209 S. LaSalle St. Bright, Elmer H., & Co., Boston, Mass. Brockhaus, Philip W., at David A. Noyes & Co., 208 S. LaSalle St. BBOWN BBOTHEBS, HABBIMAN & CO., 135 8. LaSalle St. Brown, Douglas, E., 231 S. LaSalle St. Brown, J. Dorsey, 4306 Greenway, Baltimore, Md. Brown, Joseph P., at Cleary & Co., 120 S. LaSalle St. Brown, Scott, 120 S. LaSalle St. Bryan, Benj. B., Jr., 999 Sheridan Road, Lake Forest, Ill. Buhler, Walter J., at A. R. Frank & Co., 120 S. LaSalle St. Bullard, Sellar, 39 S. LaSalle St. Burdick, John R., Jr., at Hulburd, Warren & Chandler, 208 S. LaSalle St. Burmeister, Jno. C., Jr., at Lamborn, Hutchings & Co., 231 S. LaSalle St. Byrne, Edward J., 120 S. LaSalle St. Cahn, Morton D., 120 S. LaSalle St. Cardona, Raymond, Great Northern Hotel. Carter, Ford R., 120 S. LaSalle St. Cavaney, James A., 332 S. LaSalle St. Chambers (Henning) & Co., Louisville, Ky. Chapin, 8. B. & Co.. 209 S. LaSalle St. Church, George F., 120 S. LaSalle St. Clayton, Gilbert M., 1928 Morse Ave. Cleary & Co., 120 S. LaSalle St. Cleland, Karsner, at Cleary & Co., 120 S. LaSalle St. Clement, Austin A., 231 S. LaSalle St. Clement. Curtis & Co., 231 S. LaSalle St. Clucas, E. W„ & Co., New York, N. Y. Cobb, Sumner W., 40 Wall St., New York. Coleman, Clarence L., 58 E. Washington St. Collins, Timothy A., 120 S. LaSalle St. Cook, Charles K., 40 Wall St., New York. Cotton, Earl H., at Graham & Co., 141 W. Jackson Blvd. Coultr.v, Gilbert H„ 120 S. LaSalle St. Craigie, James, 120 S. LaSalle St. Creitz, Lee M., at Mitchell, Hutchins & Co., 231 S. LaSalle St. Curran, Peter A., at Sadler & Co., 105 S. LaSalle St. Currier, Jefferson D., 208 S. LaSalle St. Cutten, Arthur W., 231 S. LaSalle St. Daniels, Roy I., 110 N. Franklin St. Davis, Maurice, at Winthrop, Mitchell & Co., 141 W. Jackson Blvd. DAVIS, PAUL H. & CO., 37 S. LaSalle St. Further information on firms appearing in bold face type will be found in tbe selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1655 CHICAGO—Continued MEMBERS—Continued Davis, Robert C., 1948 First Ave., Cedar Rapids, Iowa. Dean, J. Clarke, at Hallgarten & Co., 120 S. LaSalle St. deConingh, Peter C., 4815 Kenwood Ave. Dernbach, George E., 77 W. Washington St. Dltt, Paul C. & Co., 120 S. LaSalle St Doering, Otto C., 333 N. Michigan Ave. Dominick & Dominick, New York, N. Y. Doty, Arch C., at Wayne Hummer & Co., 105 W. Adams St. Dougall, Chancellor, at Paul H. Davis & Co., 37 S. LaSalle St. Drake, Lauren J., at S. B. Chapin & Co., 209 S. LaSalle St. Edgerton, John J., 61 Broadway, New York. Edwards, A. G., & Sons, St. Louis, Mo. Eiseman, Lester M., 7010 Paxton Ave. Ernst & Company, New York, N. Y. Fabyan, George, Geneva, Kane Co., Ill. Fairman, Perry & Co.. 208 S. LaSalle St. Faroll Bros., 141 W. Jackson Blvd. Farwell, Chapman & Co., 208 S. LaSalle St. Feinberg, Joseph H., at Paul H. Davis & Co., 37 S. LaSalle St. Fenner & Beane, 141 W. Jackson Blvd. FIELD, GLORE & CO., 123 S. LaSalle St. Lamy, Raymond P., 120 S. LaSalle St. Lancton, William F., at S. B. Chapin & Co., 209 S. LaSalle St. Layman, Waldo A., 134 S. LaSalle St. Leach, F. W., 100 W. Monroe St. Lehman Bros., New York, N. Y. Lester. Carter & Co., 209 S. LaSalle St. Levy, Herbert, at Paine, Webber & Co., 209 S. LaSalle St. Liebenstein, Harold E., at Hallgarten & Co., 120 'S. LaSalle St. Lippmann, Albert F., 105 S. LaSalle St. Lizars (Rawson) & Co., 231 S. LaSalle St. Logan, Stuart, 2344 Lincoln Park West. Lowenbach, Harry J., 105 S. LaSalle St. Lowitz, E„ & Co., New York, N. Y. Lyons, W. L„ & Co., Louisville, Ky. Mabon & Co., New York, N. Y. Magner, Joseph F., 6333 Wayne Ave. Maloney, Anderson & Block, New York, N. Y. Marks, Laser & Co., 231 S. LaSalle St. Masten, A. E., & Co., Pittsburgh, Pa. Matthews, Walter N„ 11 S. LaSalle St. Maxwell, Lloyd, 310 S. Michigan Ave. McCormac, Joseph P., 65 Broadway, New York. McDermott, Francis O., at A. R. Frank & Co., 120 S. LaSalle St. McDonald, Frank E. & Co., 120 S. LaSalle St. McKay, Alexander J., 3260 Lake Shore Drive. McMaster, Stewart, 120 S. LaSalle St. Mellinger, Everett E., at Winthrop, Mitchell & Co., 141 W. Jackson Blvd. Merkle, Frank P., 2004 Benjamin Road, Kala mazoo, Mich. Meyerhoff, Irving E., 120 S. LaSalle St. Mills, W. S. & Co.. 120 S. LaSalle St. Mills, William S„ Jr., 120 S. LaSalle St. Fisher, Thomas H., 134 S. LaSalle St. Fleming, Harvey C., 2401 Archer Ave. Forberg, Walter O., 814 N. Franklin St. Francis, Bro., & Co., St. Louis, Mo. Frank, A. R. & Co., 120 S. LaSalle St. Freeburne, Roy W„ 1455 King St., East, Hamilton, Ont., Canada. Freehling, Norman, 120 S. LaSalle St. Friedman, Brokaw & Samish, St. Louis, Mo. Frommer & Co., Indianapolis, Ind. Fuller, Cruttenden & Co., 120 8. LaSalle St. Furness, Thomas F., at Alfred L. Baker & Co., Ill S. LaSalle St. Gammack & Co., New York, N. Y. Gerwig, Frank L. & Co.. 39 S. LaSalle St. Gibson, R. II., 3960 Winding Way, Cincinnati, O. Gifford, Cedric C., 120 S. LaSalle St. Gifford, Harold C., 175 W. Jackson Blvd. Gifford, Lewis F., 120 S. LaSalle St. Glass, Walter, at Babcock, Rushton & Co., 135 S. LaSalle St. Godow, Joseph, 1000 Fulton St. Goldsmith, Edwin P., 1061 West 35th St. Graham & Co., 141 W. Jackson Blvd. Graham, Percy, Jr., at Wayne Hummer & Co., 105 W. Adams St. Gray, Luman H., Benton Harbor, Mich. Griffin, John J., at J. S. Bache & Co., 316 S. LaSalle St. Gross, Gilbert, 120 S. LaSalle St. Guild, David D., at Slaughter & Russell, 120 S. LaSalle St. Haerther, William W„ 22 W. Monroe St. Halle & Stieglitz, New York, N. Y. Munds, Winslow & Potter, 141 W. Jackson Blvd. Myers, Joseph W., at Joseph R. Patton & Co., 120 S. LaSalle St. Newman, Harry E., at Paine, Webber & Co., 209 S. LaSalle St. Nicholson, W. F., at Harris, Upham & Co., Mining Exchange Bldg., Colorado Springs, Colo. Norris, James, 1640 Board of Trade Bldg. Norris & Kenly, 208 S. LaSalle St. Noyes, David A. & Co., 208 S. LaSalle St. Nussbaum, Bertram, Sherry Hotel. Nussbaum, Paul E., 2346 E. 70th Place. HALLGARTEN & CO., 120 S. LaSalle St. OLIPHANT, JAS. H. & CO., 209 S. LaSalle St. Hamlin, Edward M„ 75 Federal St., Boston, Mass. Hammond, Luther S., Jr., 164 W. Jackson Blvd. Hannah, James A., 210 N. Talman Ave. Hansen, Howard S., at Lamson Bros. & Co., 141 W. Jackson Blvd. Hardenbrook, Burt W., 38 S. Dearborn St. Harris, Burrows & Hicks, 135 S. La Salle St. Harris, Upham & Co., 135 S. La Salle St. Harrison, Arthur C., at L. A. Andrew, Jr. & Co . 33 S. Clark St. Harrison, Arthur H., 120 S. LaSalle St. Hermes, Henry T., 6225 S. Talman Ave. Hermes, John P., at James E. Bennett & Co., 332 S. LaSalle St. Hill & Co., Cincinnati, Ohio Hill, Harvey T., 120 S. LaSalle St. Holt & Co., San Francisco, Calif. Hopper, B. E., & Co., Detroit, Mich. Hornblower & Weeks, 39 S. LaSalle St. Howell, Douglass & Co., San Francisco, Calif. Hoyt, Frederick T., 160 N. LaSalle St. Hulburd, Warren & Chandler, 208 S. LaSalle St. Hummer (Wayne) & Co., 105 W. Adams St. Hutton, W. E., & Co., Cincinnati, Ohio. Hyman, Rae F., at Harris, Burrows & Hicks, 135 S. LaSalle St. Jablonski, A. I., 120 S. LaSalle St. Jackson Bros., Boesel & Co., 316 S. LaSalle St. Jackson & Curtis, 231 S. LaSalle St. Jamieson, Stewart E., 39 S. LaSalle St. Jelke (Frazier) & Co., New York, N. Y. Jenks, Gwynne & Co., New York, N. Y. Johns, Merrill B„ 120 S. LaSalle St. Kaplan, Robert, at Clement, Curtis & Co., 231 S. LaSalle St. Karasik, Nathan, 337 E. Illinois St. Kinsman, Charles E., 245 Claremont St., Elmhurst, Ill. Knight, Newell S., 208 S. LaSalle St. Knobles, Joseph L., Ellicott City, Md. Paine, Webber & Co., 209 S. LaSalle St. Patton, Joseph R. & Co., 120 S. LaSalle St. Paulman, Henry, Jr., 910 S. Michigan Ave. Payne, Harry M., 120 S. LaSalle St. Peabody, Howard B., 25 N. Franklin St. Perrill, (Alger) & Co., 231 S. LaSalle St. Phillips, Richard W„ 120 S. LaSalle St. LAMBORN, HUTCHINGS & CO., 231 S. LaSalle St. Lamson Bros. & Co., 141 W. Jackson Blvd. Lamy, Joseph F., 332 S. LaSalle St. MITCHELL, HUTCHINS & CO., 231 S. LaSalle St. Molloy, Edward P„ 135 S. LaSalle St. Molloy, James P., 332 S. LaSalle St. Molloy, John J., 135 S. LaSalle St. Molyneaux, Thomas, 332 S. LaSalle St. Montgomery, Scott & Co., Philadelphia, Pa. Morse, William H., 141 W. Jackson Blvd. MOSELEY, F. S. & CO., 135 S. LaSalle St. PIERCE, E. A. & CO., 105 W. Adams St. Piper, Jaffray & Hopwood, Minneapolis, Minn. Plamondon, A. D„ Jr., 5631 West 65th St. Pratt, Joseph M., 38 S. Dearborn St. Prince, F. H., 1 Court St., Boston, Mass. Purcell, Lawrence N„ at Paine, Webber & Co., 209 S. LaSalle St. Pyott, James M„ at James E. Bennett & Co., 332 S. LaSalle St. Quinn, David H., at Lamborn, Hutchings & Co., 231 S. LaSalle St. Rawson, Frederick H., Jr., 38 S. Dearborn St. Reddy, Philip J., 327 S. LaSalle St. Reid, Robert H., 10 S. LaSalle St. Reinhardt, S. Louis, Jr., 208 S. LaSalle St. Reinholdt & Gardner, St. Louis, Mo. Renshaw, William B., at Mitchell, Hutchins & Co., 231 S. LaSalle St. Renwick, J. Stewart, Silver Tip Cottage, Longbeach, Michigan City, Ind. Reynolds & Company, New York, N. Y. Reynolds, Arthur, Jr., 1 Powell St., San Francisco, Calif. Reynolds, Maurice V., 22 West Monroe St. Richardson, Howard C., Jr., at Graham & Co., 141 W. Jackson Blvd. Roach, Edward A., 120 S. LaSalle St. Rodger, Arthur T., 39 S. LaSalle St. Roeder, Joseph A„ 20 N. Wacker Drive. Rogers, Frank E., 7134 Bennett Ave. Rogers, Sampson, Jr., 29 S. LaSalle St. Rosenfield, John M„ 120 S. LaSalle St. Ross-Lewin, Harry F., 219 E. 8th St., Hinsdale, Ill. Rothschild & Co., 105 W. Adams St. Rowley, Henry N., 231 S. LaSalle St. Russell, Brewster & Co., 135 S. LaSalle St. Sadler & Co., 105 S. LaSalle St. Sawyer, R. B., 1031 Maple Ave., Evanston, Ill. Schenck, Robert F., Jr., 10 S. LaSalle St. Schmaltz, James J., 327 S. LaSalle St. Schroth, Theodore F., at Harris, Upham & Co., 135 S. LaSalle St. Schroth, Wilbur H., at Norris & Kenly, 208 S. LaSalle St. Schuberth, Wm. A. & Co., 120 S. LaSalle St. Scobie, David P., 208 S. LaSalle St. Seaverns, George A., Jr., 164 W. Jackson Blvd. Seckel, Albert, at Mitchell, Hutchins & Co., 231 S. LaSalle St. Selz, Henry G., 120 S. LaSalle St. Sharp, Edward L., 231 S. LaSalle St. Sheahan, William D„ 120 S. LaSalle St. Shearson, Hammill & Co., 208 S. LaSalle St. Shields & Company, 105 W. Adams St. Shimmin, Robert P. & Co., 135 S. LaSalle Si Shipley, Charles A., at A. R. Frank & Co., 120 S. LaSalle St. Siegel, William, 208 S. LaSalle St. Sievers, August C., at Sadler & Co., 105 S. LaSalle St. Simons, Alex. McD., 141 Jackson Blvd. Simpson, William B., 1300 N. Branch St. Sincere, Charles & Co., 231 S. LaSalle St. Slaughter & Russell, 120 S. LaSalle St. Smart, R. H. & Co., 141 W. Jackson Blvd. Smith Bros & Co., 29 S. LaSalle St. Smith, Solomon A., 50 S. LaSalle St. Smith, Walter B„ 50 S. LaSalle St. Solomon, Frank, P. 0. Box 5968, Cleveland, Ohio. Solomon, Leslie J., 223 W. Jackson Blvd. Spicer, Henry S., Pigott Bldg., Hamilton, Ontario, Canada. Spinney, Fred, 141 W. Jackson Blvd. Stannard, Frederick J., at Slaughter & Russell, 120 S. LaSalle St. Stearns, David P., 2407 Bennett Ave., Evanston. Stein, Brennan & Co., 211-219 S. LaSalle St. Stein, Irving C., at Weinress & Co., 231 S. LaSalle St. Sterling, Louis V., 42 Broadway, New York. Stoddard & Boyden, 120 S. LaSalle St. Strick, Charles A., at Babcock, Rushton & Co., 135 S. LaSalle St. Strom, Eugene N„ Golden Beach, Hollywood, Fla. Struby, Walter V., 216 Colorado National Bank Bldg., Denver, Colo. Stuart, Harold L., 201 S. LaSalle St. SUTRO BROS. & CO., 134 S. LaSalle St. Swift, Langill & Henke, 168 W. Monroe St. Teegarden, Frank W., 120 S. LaSalle St. Templeton's Sons, J. S., 141 W. Jackson Blvd Thompson, Arthur R„ 120 S. LaSalle St. Thomson & McKinnon. 316 S. LaSalle St. Turner, Alfred E., at Winthrop, Mitchell & Co., 141 W. Jackson Blvd. Turner, Tracy L., 232 E. Walton Place. Underwood, Morgan P., 231 S. LaSalle St. Vehmeyer, Henry L., at Jas. H. Oliphant & Co., 209 S. LaSalle St. Vose, Hamilton, Jr., 461 W. Erie St. Wachenheim, Donald, at Rothschild & Co.105 W. Adams St. Waldheim, Platt & Co., St. Louis, Mo. Walker, G. H., & Co., St. Louis, Mo. Walker, William T„ 1304 Penobscott Bldg., Detroit, Mich. Wamboldt, Melvin P., 222 North Bank Drive. Warner, A. W. & Co., 39 S. LaSalle St. Webster, Marsh & Co., 209 S. LaSalle St. Webster, Virgil C., 120 S. LaSalle St. Weinress & Co., 231 S. LaSalle St. Wheeler, John E., & Co., 231 S. LaSalle St. Wheelock, Thomas G., at Mitchell .Hutchins & Co., 231 S. LaSalle St. White, Edward J. & Co., 120 S. LaSalle St Wilcox & Co., New York, N. Y. Williams, Bruce IL, at Paul H. Davis & Co., 37 S. LaSalle St. Williams, Lucian E., 231 S. LaSalle St. Williams, Mackenzie, 1 Wall St., New York. Wilson, Harold C., at Lamborn, Hutchings & Co., 231 S. LaSalle St. Wilson, Hugh H., at David A. Noyes & Co., 208 S. LaSalle St. Wilson, Robt. C., 5128 Hyde Park Blvd. Winter, Wallace C„ at Slaughter & Russell, 120 S. LaSalle St. WINTHROP, MITCHELL & CO., 141 W. Jackson Blvd. Wita, Max A., 234 N. Pine Ave. Witter (Dean) & Co., San Francisco, Calif. Wollman, W. J., & Co., New York, N. Y. Wood, R. Arthur, at Clement, Curtis & Co., 231 S. LaSalle St. Wood, Robert E., 925 S. Homan Ave. Woodruff, D. M., & Co., Detroit, Mich. Woodruff, Harvey T., 425 Grove St., Evanston, Ill. Wortman, Glen R., First National Bank Bldg., Aurora, Ill. Wright & Sexton, New York, N. Y. Wright, Warren, 33 N. LaSalle St. Young, Clarke & Co., Los Angeles, Calif. ZEILER, F. M. & CO., 209 S. LaSalle St. Further information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list In each city https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1656 STOCK EXCHANGE MEMBERS LOUISIANA NEW ORLEANS Officers: John Dane, President; Allen C. Huggins, 1st Vice-President; H. M. Butler, 2nd Vice-President; George J. Krummel, Secretary; Erwin R. Schweikhardt, Assistant Secretary. Jeffrey Steinhardt, Treasurer; BATES OF COMMISSIONS Established by the New Orleans Stock Exchange. To be charged on all On U. S. Bonds.................................................................. $2.50 per $1,000.00 On State, City, Levee and all other Bonds......... .............. $5.00 per $1,000,00 On all bonds maturing within 1 year............................$1.25 per $1,000.00 On all bonds maturing from 1 to 3 yrs........... ................ $2.50 per $1,000.00 ON ALL STOCKS SELLING: Under fifty cents.......... ...................................... ........As mutually agreed__ At fifty cents and above, but under $1.00....Not less than 3 cts per share At $1.00 and up to $10.00........... Ty2 cts. per share From $10.00 up to $25.00 per share..... ............................ 12H cts. per share From $25.00 up to $50.00 per share___________________15 cts. per share From $50.00 up to $75.00 per share_________________ 17H cts. per share From $75.00 up to $100.00 per share..... ..............................25 cts. per share From $100.00 up to $200.00 per share________________ 50 cts. per share On stocks selling at $200.00 per share and over, 50 cts. for the first $200.00 in price and 5 cts. per share additional for each $50.00 increase in price or fraction thereof. *By resolution of the Governing Committee it is permissible for members to charge on these issues the minimum commission prevailing thereon on the other exchange on which these bonds are listed. On Exchange, Theatre and Club Stocks selling: At or below $100.00_______ _______ _______ ______ ___ $5.00 per share Between $100.00 and $1,000.00......................................5% of market value At $1,000.00 and up to $5,000.00, exclusive................................. $50.00 pershare At $5,000.00 and up to $10,000.00, exclusive______________ $100.00 pershare At $10,000.00 and up to $15,000,00, exclusive...........................$150.00 pershare At $15,000.00 and up to $20,000.00___________ .$200.00 per share Commissions on rental of Exchange stocks shall be $25.00 as a minimum charge. On rentals for periods less than one year the commission shall be pro-rated, provided no commission less than $10.00 shall be charged. THE MINIMUM CHARGE ON ANY ONE TRANSACTION SHALL BE $2.00 MEMBERS Alrey & Richardson, 816 Union St. Beer & Co., 817 Gravier St. DANE & WEIL, Inc., 1530 Canal Bk. Bldg. Fenner & Beane, 818 Gravier St. Lamar, Kingston & Labouisse, 1247 Canal Bk. Bldg. Latter & Blum, Inc., 333 Carondelet St. Lehman, Stern & Co., 840 Union St. Moore & Hyams, 610 Common St. Newman, Harris & Co., 211 Carondelet St. Nusloch, Baudean & Smith, Inc., 827 Hibernia Bldg. Pierce & Co., E. A., Maritime Bldg. P. H. SAUNDERS CO., Inc., 2107 American Bk. Bldg. Smith & Co., Mason, 843 Union St. Villere & Co., St. Denis J„ 552 Canal Bk. Bldg. •Waters & Alcus, 811 Whitney Bldg. Weil & Co., Inc., Union Arcade, Union Bldg. Wells & Stanton, 408 Cotton Exchange Bldg. WHEELER & WOOLFOLK, 720 Common St. Woolfolk, Huggins & Shober & Co., 1407 Canal Bk. Bldg. MARYLAND BALTIMORE Officers: Chas. W. L. Johnson, President; Jas. S. Whedbee, Vice-President; Theodore Gould, Secretary-Treasurer; M. L. Rodemeyer, Assistant Secretary and Assistant Treasurer. RATES OF COMMISSION Minimum Commissions on Stocks Selling at Prices Below TO BE CHARGED TO NonMembers Members Members when no when name name is is given up given up 1 c Under 10c a share................................ He He 3 c At 10c a share and above, but under $1 He He At $1 a share and above, but under $10 7Hc iHc lMc At $10 a share and above, but under 4 c $50.................................................. 15c 2Hc At $50 a share and above, but under 4 c $100........................................... ....... 25c 6Hc At $100 a share and above, but under 7 c $150.................................................. 10 c 40c At $150 a share and above, but under 8 c $200.......................... ....................... 50c 13 c •06% .04% At $200 a share and above____ ____ H% of amount of amount of amount of of of transaction transaction transaction The above rates apply to all transactions made on the floor of this Exchange in stocks listed on the New York Stock Exchange, except as provided in Special Rates. Special Rates: Commercial Credit Co. common—N. Y. Stock Exchange rate. Cons. Gas Electric Light & Power Co. common—N. Y. Curb Exchange rate. Pennsylvania Water and Power Company—N. Y. Curb Exchange rate. The minimum commission charged on any completed individual trans action in stocks shall be not less than $2.50, provided that the commission charge on any such transaction involving a total amount of less than $50.00 shall be not less than $1.00. Commissions on rights shall be the same as those fixed for stocks. Minimum Commissions on Stocks Selling at Prices Below At 10 ($100 per $1,000 par value) or above________________________ Under 10 ($100 per $1,000 par value) At less than 1 ($10 per $1,000 par value)________________________ Except that on Ponds having five years or less to run to maturity and sell ing at 96 and above, but not above 110, the rates shall be............................ The minimum commission charge on $1.25. TO BE CHARGED TO NonMembers Members Members when no when name name is is given up given up $2.50 $1.25 62Hc 75c 40c 50c 25c 20c 12Hc $1.25 40c 25c any transaction in bonds shall be MEMBERS Edward D. Allen & Co., 209 Keyser Bldg. BAKER, WATTS & CO., Calvert and Red wood Sts. A. P. Barrett & Co., 315 Baltimore Life Bldg. Bell, Vernal W„ 207-8 Keyser Bldg. Binford, Charles T., 10 South St. Blocker and Sherman, 802 Union Trust Bldg. Alexander Brown & Sons, 135 E. Baltimore Street. Brown, J. Dorsey, 3 Stock Exchange Bldg. Bruton & Co., 1520 Munsey Bldg. Frank B. Cahn & Co., 8 S. Calvert St. Douglas G. Carroll & Co., 4 Stock Exchange Bldg. Cassilly, Thos. A. Jr., 20 Stock Exchange Bldg. J. C. Cooper & Co., 7 Stock Exchange Bldg. Daly Owen & Co., 23 South St. Davies, H. L., 26 Stock Exchange Bldg. Drewry, Cooper R., 3 Stock Exchange Bldg. Duer, Henry L., 26 Stock Exchange Bldg. Elder, Wm. Voss, Jr., 209 Keyser Bldg. D. Fahnestock & Co., 14 Stock Exchange Bldg. J. Harmanus Fisher & Sons, 10 South St. Robert Garrett & Sons, South and Redwood Sts. Theodore Gould, 405-6 Keyser Bldg. John D. Howard & Co., South and Redwood Sts. Haxall, J. Triplett, c/o C. W. L. Johnson, 20 Stock Exchange Bldg. W. E. Hutton & Co., 102 St. Paul St. Jenkins, Whedbee & Poe, 10 South St. Johnson, Chas. W. L., 20 Stock Exchange Bldg. E. R. Jones & Co., 402 First National Bank Bldg. Koppelman, Walter, 219 E. Redwood St. W. W. Lanahan & Co., Calvert Bldg. Leimbach & Co., 7 St. Paul St. Lockwood, Peck & Co., 708 Keyser Bldg. MACKUBIN, LEGG & CO., 222 E. Redwood St. Marburg, Price & Co., 503-4 Keyser Bldg. Mead, Irvine & Co., First National Bank Bldg. Murphy & Co., G. M.-P., Calvert Bldg. Alex. C. Nelson & Co., 20 Stock Exchange Bldg. Nicholas, Geo. L. Jr., 10 E. Mulberry St. Philip L. Poe & Co., 205 E. Redwood St. Post & Flagg, Stock Exchange Bldg. Riggs & McLane, 32 South St. John J. Riordan, Jr. & Co., 1513-14 Fidelity Bldg. Rosenburg, Abel A., c/o Mackubin, Legg & Co., 222 E. Redwood St. Rowland, J. Harvey, with J. H. Fisher & Sons, 10 South St. Schwarz, Morton & Schwarz, 202 Keyser Bldg. Scott, Geo. M., 3 Stock Exchange Bldg. Harry B. Soper & Co., 312 Vickers Bldg. STEIN BROS. & BOYCE, 6 S. Calvert St. Stewart C. Morton, with Strother, Brogden & Co., Calvert and Redwood Sts. Strother, Brogden & Co., Calvert and Redwood Sts. Howard R. Taylor & Co., 4 Stock Exchange Bldg. Thompson, R. L„ 308 Vickers Bldg. Weilepp, Walter M., 207-8 Keyser Bldg. Westheimer & Co., 211 E. Redwood St. Wheeler, J. Harold, with Post and Flagg, Stock Exchange Bldg. Whelan, Thos. A. Jr., 222 E. Redwood St. Henry White & Co., 1414 Fidelity Bldg. Whiteley & Co., T. Evans, 3 Stock Exchange Bldg. Whitridge, John A. & Son, Garrett Bldg. Further Information on firms appearing In bold face type will be found in the selected list of Investment Dealers following bank list in eacb city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1657 STOCK EXCHANGE MEMBERS MASSACHUSETTS BOSTON Officers: Charles A. Collins, Pres. William H. Claflin, Jr., Vice-Pres. Hatherly Foster, Jr., TV. George A. Rich, See. RATES OF COMMISSION In Effect July 7, 1932 BONDS Railroad, public utility and industrial bonds, having more than five years to run— Selling at less than $10, on a par value of $1,000.............................. Optional Selling at $10 and less than $100 on a par value of $1,000...................$1.25 Selling at and above $100 on a par value of $1,000................ .............. 2.50 (Government Bonds are exempt from the regular rate) Selling at $25 or above, but under $50.............................................15 cents Selling at $50 or above, but under $75...... ..................................... 17J4 cents Selling at $75 or above, but under $100..... ................................. ..20 cents Selling at $100 or above, but under $200...................................... 25 cents Selling at $200 or above, but under $250........................................ 30 cents For each additional $50 or part thereof above $250...........5 cents additional STOCKS PER SHARE The minimum commission on each completed individual transaction shall not be less than one dollar, except that on transaction involving less tha» fifteen dollars the charge may be optional. Selling below 50c........................................... ................................... ....... Optional Selling at 50o or above, but under $1........................................ ....... 1J^ cents Selling at $1 or above, but under $5.................. ............................... 5 cents Selling at $5 or above, but under $10................................................ 7J^ cents Selling at $10 or above but under $25..............................................12)4 cents On subscription Rights; Bonds or Notes of Foreign Countries having five years or less to run; Notes of Corporations having five years or less to run; Bonds having five years or less to run; such rates to members or non members as may be mutually, agreed upon; provided, however, that the Committee od Commissions with the approval of the Governing Committee, may hereafter determine special rates on any or all of the above mentioned securities. MEMBERS Adams, L. Sherman, 10 Post Office Square Adams, Weston W„ 15 Congress St. J. S. BACHE & CO., 10 Post Office Square. Baldwin & Co., 30 Federal Street. Bennett, Stephen H., 53 State St., Room 27. Besse, Harry W. & Co., 89 State St. Blake Bros. & Company, 111 Devonshire Street. Bolles, Richard F., 35 Congress St., Room 1003. Bowen, J. W. & Co., 53 State Street, Rooms 27, 28. Boyden, Charles, 50 Congress St., Room 628. Bradley, Edward M., 215 Church St., New Haven> Conn. Brannan, Wm. J., 75 Federal St. Brickle.v (Parker) & Co„ 19 Congress Street. Bright, (Elmer H.) & Co., 84 State Street. Bright, Sears & Co., 53 State Street, Room 203. Brown Brothers Harriman & Co., 10 P. O. Square. Brown, Waldo M„ 31 Milk St. Brown, Walter J., 53 State St., Room 405. Burr, Gannett & Co., 53 State Street, Room 29. Buss, Walter H., 53 State St. Butterfield, Chas. B., 53 State St., Room 36B. Cahill, Richard M. F., 53 State St. Clark, Dodge & Co., 70 Federal Street. Collins, Breed & Co., Shawmut Bk. Bldg. Colwell & Co., 209 Washington Street. Crocker, Percy G. & Co., 35 Congress Street. Dabney, F. L. & Co., 10 Post Office Sq. Dabney, Frederick L„ 53 State St., Room 439. Davis & Davis, 10 Weybosset St., Providence, R. I. DAY, R. L. & CO., 45 Milk Street. Dean, James, 201 Devonshire St., Room 631. Downer & Co., 53 State St., Room 36A Doyle, John F., 70 Federal St. ESTABROOK & CO., 15 State Street. Fales, T. C. & Co., 140 Federal Street. Fay, S. Prescott, Framingham Centre, Mass. Fernald, Geo. A., 24 Milk St., Room 512. Fernald, Lloyd D., & Co., 3d Natl. Bk. Bldg., Springfield, Mass. Foster, Hatherly, Jr., 85 Devonshire St. Giroux, Archibald R., 53 State St., Room 36B. Mott, Louis P. & Co., 80 Federal Street, Room 308 Goodwin, Homer & Co., 53 State Street. Newman, Harding C., 10 Post Office Square. Gray & Wilmerding, 31 Milk St. Griffin, James F. & Co., 53 State Street, Room 36A. Griffith, Norman H., 60 Congress St., Room 411 Hamlin, B. Nason, 53 State St., Room 203. Hammond, James R., 15 State St. HAYDEN, STONE & CO., 75 Federal Street Haynes, Edmund B., 15 Grove St., Winchester, Mass. Hibbs, W. B., & Co., Hibbs Bldg., Washington, D. C. Hines, Robertson & Co., 60 Congress Street, Rooms 406-08. Hodgdon, Howard W„ 84 State St. Hornblower & Weeks, 60 Congress Street Hovey, Chandler & Co., 82 Devonshire Street, Room 326. Hubbard, Richard, 10 Post Office Square. Hunt, Carleton, 24 Federal St. Hutchins & Parkinson, 53 State Street. Jackson, Malcolm N., 201 Devonshire St. Jackson & Curtis, 10 Post Office Square. Jenney, Wm. T., 84 State St. Kelly, Michael A., 84 State St. KIDDER, PEABODY & CO., 115 Devonshire Street. Kinsley & Adams, 6 Norwich St., Worcester, Mass. Kitching, E. J. & Co., 75 Federal Street. Laidlaw & Co., 110 Franklin Street Lee, Frederic M., 53 State St., Room 36A. Lee, Higginson & Co., 70 Federal Street. Leland, John D., 110 Franklin St. Logan & Bryan, 42 Broadway, New York, N. Y. Long, Harry V„ 10 Post Office Square. Long & Nash, 10 Post Office Square. Lord, George F., 53 State St., Room 36B. Lund, Chas. G., 110 Franklin St. Lutz, Roger A. & Co., 60 State St. Mann & Gould, 35 New Derby St., Salem, Mass. Montgomery, Wm. P., Jr., 10 Congress St. Moors & Cabot, 111 Devonshire Street. Moran, John J. & Co., 53 State Street, Room 636. Morgan, J. P., & Co., 23 Wall St., New York, N. Y. Gagen, T. F. & Co., 53 State Street, Room 36A. Gallagher, R. A. & Co., 50 Congress Street, Rm. 511-514. MOSELEY, F. S. & CO., 50 Congress Street. Gilbert, Edward W., 53 State St., Room 36 B. Moseley, Frederick S., 50 Congress St. Paine, Webber & Co., 82 Devonshire Street. Parker, Chauncey D., 150 Congress St. PIERCE, E. A. & CO .,45 Milk Street. Pitcher, Osborne H., Ill Devonshire. Pitman, Harold A., 53 State St., Room 1032. Poor, Stearns, 84 State St. Prince, F. H., & Co., Court and Washington Sts. Proctor, Cook & Co., 50 Congress Street. Puffer, Robert W., Jr., 10 Post Office Square. Reed, Jacob, 8 Foster St., Worcester, Mass. Rich, Geo. A., 53 State St. Sanford & Kelley, 20 Market St., New Bedford, Mass. Schirmer, Atherton & Co., 79 Milk Street. Sears & Co.. 68 Devonshire St. Sewall, R. Lentner, 60 State St. Shaw, Alexander A., 53 State St., Room 36B. Simmon, David A., 261 Franklin St. Smith, Edward B. & Co., 1 Federal Street. Soule, Geo. H. S., Plympton, Mass. Southgate & Co., 10 Post Office Square. Stevens, Samuel W., 45 Milk St. Thomson & McKinnon, 10 Post Office Square. Thorndike & Allen, 53 State Street, Room 310. Thornquist, Carl J., 53 State St., Room 36B. Tifft Brothers, 50 Congress Street. Tobey, Walter P., 84 State St. TOWNSEND, ANTHONY & TYSON, 15 State Street. Treadwell, James R., 53 State St., Room 203. Tucker, Anthony & Co., 74 State Street. Wainwright, H. C. & Co., 60 State Street, Room 101. Walsh, A. G. & Son, 75 State St. Webber, Ralph B., 53 State St., Room 36B. Whitney, Byam & Co., 53 State Street, Room 633. Whitney & Elwell, 30 State Street. Wiggin, Russell B., 53 State St., Room 36B. Williams, Ralph E., 261 Franklin St. Williams, Robert W., 53 State St., Room 36B. Williston, J. R., & Co., 115 Broadway, New York, N. Y. Winsor, Kennard, 115 Devonshire St. Worthen, Nathaniel T., 75 Federal St. Wrenn Bros. & Co., 30 Federal Street. Further Information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1658 MICHIGAN DETROIT Officers: Charles B. Crouse, President; F. J. Winckler, Vice-President; Clark J. W. Colby, Secretary; L. C. Angstrom, Treasurer. COMMISSION RATES Stocks selling under 50c per share, 2% of amount involved. Stocks selling at 50c per share and above, but under $1.00, not less than 3c per share. Stocks selling at $1.00 per share and above, but under $10.00, not less than 7Kc per share. Stocks selling at $10.00 per share and above, but under $25.00, not less than 12J^c per share. Stocks selling at $25.00 per share and above, but under $50.00, not less than 15c per share. Stocks selling at $50.00 per share and above, but under $75.00, not less than 17J^c per share. Stocks selling at $75.00 per share and above, but under $100.00, not less than 20c per share. Stocks selling at $100.00 per share and above, but under $200.00, not less than 25c per share. Stocks selling at $200.00 per share and above, but under $250.00, not less than 30c per share. For each additional $50.00 in price, 5c additional. The minimum commission on all transactions in listed securities shall not be less than $3.00 to individuals and $12.00 to institutions, except in cases where the amount involved is $50.00 or less, the minimum commission may then be, at the discretion of the member, $2.00 to individuals and $1.00 to institutions. MEMBERS Hull, Oscar C., 1104 Dime Savings Bank Bldg. Humphries, Angstrom & Co., 904 Penobscot Bldg. Alger, Russell A., Jr., 17805 e. Jefferson. Alison & Co., 244 Buhl Bldg. Anderson, Chas. L., 866 Penobscot Bldg. Angstrom, Lawrence C., 904 Penobscot Bldg. BACHE, J. S. & CO., 144 Penobscot Bldg. Baker, Simonds & Co., 1134 Buhl Bldg. Balcom, Yorke R., 1464 Penobscot Bldg. Balsam, Alva L., 14131 Woodward Ave. Beane, A. C., 67 Broad St., New York, N. Y. Bennett, Smith & Co., 640 Griswold Street. Borin, Max, 522 Leicester Court. Brown, John L. & Co., 625 Penobscot Bldg. Brown, Orman E., 1464 Penobscot Bldg. Butler & Co., J. M„ 328 Penobscot Bldg. Crouse & Co., 1800 Penobscot Bldg. Dominick & Dominick, 314 Ford Bldg. Eis, Valette R., 244 Penobscot Bldg. Ellwood, Aaron A., 539 Penobscot Bldg. Farrelly, Francis T., Union National Bank Bldg., Youngstown, Ohio. Fenner & Beane, 966 Penobscot Bldg. Ferriss, W. Paul, 904 Penobscot Bldg. Ferriss, Wagner & Miller, 1444 Buhl Bldg. Hague, Samuel, 1446 Penobscot Bldg. Hay, Ivan C. & Co., 1753 Union Guardian Bldg. Hentz, H. &. Co., Union Guardian Bldg. Hopper & Co., B. E., 1356 Penobscot Bldg. Hornblower & Weeks, 244 Penobscot Bldg. HUTTON, W. E. & CO., Fisher Bldg. Jennings & Busby, 500 Fidelity Bank & Tr. Bldg. Keane & Co., 2056 Penobscot Bldg. King Boug Stodgell & Co., Windsor, Ont. Kreidler, Chas. A., 244 Buhl Bldg. Larzelere, Joseph E., Windsor, Ontario. Lawson & Knight, 1956 Penobscot Bldg. Lee & Co., Wm. M„ 613 Ford Bldg. Lewine, Jerome, Hanover Square, New York, N. Y. Lillig, Norman F., 2056 Penobscot Bldg. Livingstone, Dennis & Co., 409 Griswold St. MacCrone, Edw. E., 1356 Penobscot Bldg. Marks, A. L., 314 Ford Bldg. Marks, Burton, 137 Penobscot Bldg. McLean & Co., John F., 1806 Penobscot Bldg. Miller, George A., 1444 Buhl Bldg. Moody, Bollinger & Co., 1904 Penobscot Bldg. Moss, W. E. & Co., 2316 Union Guardian Bldg. Moye, G. Gordon, 613 Ford Bldg. Newcomb, John J. & Co., 1464 Penobscot Bldg. Noble, Herbert W„ 306 Dime Bank Bldg. O’Hara, John F., 244 Buhl Bldg. Olson, Warren T., 2316 Union Guardian Bldg. Paine, Webber & Co., 100 Penobscot Bldg. Parcells, Charles A. & Co., 539 Penobscot Bldg. Phelan, Jr., James J., 244 Penobscot Bldg. PIERCE, E. A. & CO., 1 Ford Bldg. Porter, Stuart P., 1134 Buhl Bldg. Prentiss, John W., 42 Broadway, New York, N.Y. Rathbun & Co., 866 Penobscot Bldg. Reid, Andrew C., 2232 Union Guardian Bldg. Reilly, R. W. & Co., 1666 Penobscot Bldg. Roney, Wm. C. & Co., 2232 Union Guardian Bldg Rose, Wm. H. & Co., 1066 Penobscot Bldg. Rotsted, Ralph, 1753 Union Guardian Bldg. Rudel, Arthur, 1800 Penobscot Bldg. Schlachman, Max & Co., 864 Penobscot Bldg Shader Winckler Co., 204 Penobscot Bldg. Simonds, Ralph W.. 1134 Buhl Bldg. Small, Sidney R., 1029 Penobscot Bldg. Soucy, Swarsweter & Co., Youngstown, Ohio. Stanton, Frederick W., 1356 Penobscot Bldg. Stewart, A. Clifton, 1066 Penobscot Bldg. Stout, Gardner D., 314 Ford Bldg. Walker, Wrm. T., 1304 Penobscot Bldg. Watling, Lerchen & Hayes, 344 Buhl Bldg. Webster, Donald T., 564 Washington Rd., Grosse Pointe Village. Wedthoff, Guy G. & Co., 484 Penobscot Bldg. Whitlock, Smith & Co., 1446 Penobscot Bldg. Williams, Wood, 1 Ford Bldg. Winckler, F. J., 204 Penobscot Bldg. Wood, Warren A., 244 Buhl Bldg. Woodruff, D. M. & Co., 1127 Penobscot Bldg. Wright, Martin & Co., 307 Ford Bldg. MINNESOTA MINNEAPOLIS —ST. PAUL STOCK EXCHANGE Officers: Howard R. Selover, President; A. A. Greenman, First Vice-President; Todd W. Lewis, Second Vice-President; D. H. Brown, Secretary and Treasurer COMMISSION RATES Effective April 24, 1933 Stocks selling under 50 cts. per share.________ 2 cts. pershare From 50 cts. to less than $1.00_______________________ 3 cts. pershare $1.00 to less than $5.00.......... ..........................................cts. per share $6.00 to less than $10.00. .................... 10 cts. pershare $10.00 to less than $25.00__________________ 15 cts. pershare $25.00 to less than $100.00....................... 25 cts. pershare $100.00 to less than $150.00.......................... 30 cts. pershare $150.00 to less than $200.00................................................... 50 cts. pershare 200.00 and over........................................... of 1 % of amount involved linimum—$2.00. Rights—same as stocks. Transactions amounting to less than $50.00, commission at discretion of members. Bonds per $1,000.00 and less.................. ...................................... .........$2.50 f SPECIAL RATES ON T.C.R.T.C. NOTES AND SCRIP Notes 25 cts. per $100.00_________________ __________Minimum $1.50 Scrip lYi cts per 1/100 Scrip___________ ________ ____ Minimum $1.50 MEMBER TO MEMBER—Give-up Rates. Stocks selling under 50c per share_______________________ 14c per share 50c to less than $ 1.00..................................... %cpershare $ 1.00 to less than 10.00__________________ 2cpershare -3c pershare 10.00 to less than 100.00______________________ 100.00 to less than 150.00.................................. 4cpershare 150.00 and over.................................... ........... ....... .................. 5c per share Minimum 50c for stocks selling under $10.00 per share. Minimum $1.00 for stocks selling at $10.00 and over per share. Rights—Same as Stocks. Bonds per $1,000.00 and less—50c per bond. Special Give-Up Rates on T. C. R. T. C. Notes and Scrip. Notes—50c per $1,000.00 or any part___________ _____ Minimum $1.00 Scrip—lc per 1/100 Scrip----- --------- -------- -----------------Minimum .50 Names not given up on any Stocks, Bonds, etc. Minimum—double the give-up rate. MEMBERS ALLISON WILLIAMS CO., 1245 Northwest Bank Bldg., Minneapolis. Bigelow-Webb & Co., 430 Rand Tower, Minne apolis. Greenman, McGuire & Driscoll, Inc., 1408 E. 1st Natl. Bk. Bldg., St. Paul. Harris-Upham & Co., 11 Wall St., New York, N. Y. Kalman & Company, 144 Endicott Bldg., St. Paul. Lewis & Co., 601 Second Ave. Minneapolis. Logan & Bryan, 42 Broadway, New York City. Mahoney & Co., C.D., 260 Roanoke Bldg., Minne apolis. Molyneaux. J. J., 15 S. 5th St., Minneapolis. Paine, Webber & Co., Rand Tower, Minneapolis. PIPER, JAFFRAY & HOPWOOD, 529 2nd Ave., So., Minneapolis. Rice, Robert M., 630 Marquette Ave., Minne apolis. Selover, H. R., & Co., 264 Roanoke Bldg., Minne apolis. Smith & Co., Wharton C„ 104 E. 6th St., St. Paul. Thrall West Co., 110 Northwest National Bank Bldg., Minneapolis. Wells-Dickey Company, McKnight Bldg., Minne apolis. Wood, Harold E., & Co., W. 1491 1st Nat’l Bk. Bldg., St. Paul. Woodard-Elwood & Co., 840 Rand Tower, Minne apolis. Further information on firms appearing in bold face type will be found In the selected list of Investment Dealers following bank list In each city* https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1659 STOCK EXCHANGE MEMBERS MISSOURI ST. LOUIS Officers: B. F.Jacobs, President; J. W. Reinholdt, Jr., Vice-President; W. M. Louderman, Secretary and Treasurer. Chas. A.Huebner, Assistant Secretary. BATES OF COMMISSION STOCKS Stocks selling at $1.00 per share or less, $2.00 per 100 shares. Stocks selling at $1.12H per share and less than $3.00 per share, $3.00 per 100 shares. Stocks selling at $3.00 per share and less than $5.00 per share, $5.00 per 100 shares. Stocks selling at $5.00 per share and less than $10.00 per share, $7.50 per 100 shares. Stocks selling at $10.00 per share and less than $25.00 per share, $0.12}^ per share. Stocks selling at $25.00 per share and less than $100.00 per share, $0.25 per share. Stocks selling at $100.00 per share and less than $300.00 per share, $0.50 per share. Stocks selling at $300.00 per share and less than $500.00 per share, $0.75 per share. Stocks selling at $500.00 per share and over, $1.00 per share. BONDS On bonds, $2.50 per $1,000 par value. U. S. Bonds, $0.62J^ per $1,000 par value. The minimum commission to be charged shall be $1.00. MEMBERS Aid, John A., 400 Olive St. Barklage, Louis, 317 N. 4th Street. Bauer Bros. Brokerage Co., 312 North 4th Street. Bennett, Jas. E. & Co., 705 Olive Street. Brown, Paul & Company, Paul Brown Bldg. Daly & Craib, Bank of Commerce Bldg. D’Oench, Duhme & Co., Franklin-Am.Tr. Bldg. EDWARDS, A. G. & SONS, 409 North 8th St. FRANCIS BRO. & CO., 222 N. 4tli St. Friedman, Brokaw & Samish, 418 Olive Street Gatch Bros., Jordan & McKinney, 418 Olive St. Gessler, E. A. & Son, Merchants-Laclede Bldg. Hawes & Company, Landreth Bldg. Hill Bros. & Company, Security Bldg. Jones, Edw. D. & Co., Boatmen’s Bank Bldg. Knight & Co., Harry H., 401 Olive St. Little & Hays Inv. Co., LaSalle Bldg. Louderman. W. M., Bank of Commerce Bldg. Meyer, J. P., Chemical Building. Nickerson, John, 61 Broadway, New York, N. Y. Otto, Edw. F., No. 6 Sunset Court, Normandy, Missouri. Rassieur, T. Edw., 506 Olive Street. Reinholdt & Gardner, Security Building. H. L. Ruppert & Co., 402 Pine Street. Seddon, Morfit & Harvey, Landreth Bldg. Semple, Jacobs & Co., Rialto Building. SIMON, I. M. & COMPANY, 315 North 4th St. Smith, Moore & Co., LaSalle Bldg. STIFEL, NICOLAUS & CO., Boatmen’s Bank Bldg. Stix & Company, LaSalle Bldg. Taussig, Day & Co., Boatmen’s Bank Bldg. Wade, Festus J. & Co., Columbia Bldg. WALDHEIM, PLATT & CO., 306 N. 8th St. WALKER, G. BL & CO., Broadway & Locust Streets. Whitaker & Company, 300 North 4th Street. NEW YORK NEW YORK CITY Officers: Chas. R. Gay, President Ashbel Green, Secretary; E. H. H. Simmons, Vice-President; Francis T. Boyd, 1st Assistant Secretary; Benjamin H. Brinton, Treasurer; Robert W. Keelips, Assistant Treasurer; J. M. B. Hoxsey, Executive Assistant to the Committee on Stock List. COMMISSION RATES Rates to Non-members, etc. On business for governing members and for parties not members of the Exchange, including joint account transactions in which a non-member is interested; transactions for partners not members of the Exchange; the commission shall not be less than the rates given below: Sec. 2 provides that commissions shall be calculated on the basis stated below: ON STOCKS (except as to Ten-Share-Unft Stocks) See also Called Stocks below: Under 50c per share........................................May be mutually agreed upon 50c per share and above, but under $1.00__ Not less than 3c per share $1.00 per share and above, but under $10.00.Not less than 7V£c per share $10.00 per share and above, but under $25.00............................. ..............................Not less than 12J^c per share $25.00 per share and above, but under $50.00__________________ _______ ___ Not less than 15c per share $50.00 per share and above, but under $75.00_____________________________ Not less tha-n 17}^c per share $75.00 per share and above, but under $100.00____________________ ________ Not less than 20c per share $100.00 per share and above, but under $200.00____ ____ __________ ________ .Not less than 25c per share $200.00 per share and over.............. ........... Not less than 30c per share plus 5c per share for each $50.00 or fraction thereof be ginning at $250.00 The minimum commission (on stocks selling at 50c and above) on an individual transaction shall be not less than $1.00. This provision shall not apply on transactions where the amount involved is less than $15.00 ON TEN-SHARE-UNIT STOCKS (as designated by the Committee of Arrangements) See also Called Stocks below: Under $1.00 per share__________________ May be mutually agreed upon $1.00 per share and above, but under $5.00..Not less than 5c per share $5.00 per share and above, but under $10.OO.Not less than 10c per share $10.00 per share and above, but under $100.00____________________________ Not less than 20c per share $100.00 per share and above, but under $200.00___ Not less than 25c per share $200.00 per share and over................. Not less than 30c per share plus 5c per share for each $50.00 or fraction thereof be ginning at $250.00 ON SUBSCRIPTION RIGHTS Under 50c per Right....................... .................May be mutually agreed upon 50c per Right and above, but under $1.00..Not less than 3c per Right $1.00 per Right and above, but under $5.00.Not less than 5c per Right $5.00 per Right and above, but under $10.00.Not less than 7Hc per Right $10.00 per Right and above........................... Not less than 15c per Right ON BONDS: per $1,000 of principal (except as stated below) Under $10.00_______________________________ ____ Not less than 75c $10.00 and above but under $100.00_______________ Not less than $1.25 $100.00 and above______________________________Not less than $2.50 On Obligations of the United States. Porto Rico, Philippine Islands, and States, Territories and Municipalities therein: Bonds and Notes having five years or less to run: securities which, pursuant to call or otherwise, are to be redeemed within twelve months: Such rates to members or non-members as may be mutually agreed upon, provided, however, that the Committee on Quotations and Commissions may determine special rates on any or all of the above mentioned securities, reporting the same to the Governing Committee. Under this authority the Committee has ruled that commissions shall be not less than the rates given below. On bonds or notes (per $1,000 of principal) having five years or less to run whether to maturity or called for redemption: under $10..................... .................... ........... Not less than 75c $10 and above but under $100........................................Not less than $1.25 $100 and above but under $960 and above $1,100.......... Not less than $2.50 $960 and above but not above $1,100: Six months to and includng five years...... ...................Not less than $1.25 Less than six months to run..................... ..May be mutually agreed upon. On obligations of the United States, Porto Rico, Philippine Islands and States, Territories and Municipalities therein__May be mutually agreed upon. ON CALLED STOCKS On stocks which, pursuant to call or otherwise, are to be redeemed within twelve months..................................................May be mutually agreed upon Farther Information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list In eaeh city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1660 STOCK EXCHANGE MEMBERS NEW YORK MEMBERS Abbott, Proctor & Paine, 120 Broadway Abraham & Co., 120 Broadway Acosta, J. A. & Co., 60 Beaver Street Adams, Merrill & Co., 36 Pearl St., Hartford, Conn. Adler, Blumenthal & Co., 1 Wall Street Adler, Coleman & Co., 15 Broad Street Adrian, Jos. M., 42 Broadway Ahern, John J„ 1 Wall St. Alker, Carroll B., 61 Broadway. Andersen, Oswald, 115 Broadway. Anderson & Co., 120 Broadway Anderson, Henry A., 47 Broad St. Anderson, Norman, 1 Wall St. Andrews, Posner & Rothschild, 26 Broadway Anness, Edw. C„ 1 Wall St. Appenzellar, Allen & Hill, 120 Broadway Apy, Chester, 47 Broad St. Arnold & Company, 25 Broadway Aronson (Bernard) & Co., 30 Broad Street Ash & Co., Mervin, 1 Wall Street Asher, Harry W., Jr., 60 Beaver St. AS1EL & CO., 11 Wall Street Atterbury, Robert R., 44 Wall St. Auchincloss, Mills & Bergen, 80 Broad Street Auchincloss, Parker & Redpath, 719 15th St., Washington, D. C. Auerbach, Poliak & Richardson, 30 Pine Street Baar, Cohen & Company, 120 Broadway BABCOCK, BCSHTON & CO., 50 Broadway Bach, Frederick F., 29 Broadway. BACHE & CO., J. S., 42 Broadway Bacon, Stevenson & Co., 39 Broadway. Bade, William H„ 40 Wall St. Baker (Alfred L.) & Co., Ill So. La Salle St., Chicago, Ill. Baker (J. E.) & Co., 115 Broadway Baker, Watts & Co., Calvert & Redwood Sts., Baltimore, Md. Baker, Weeks & Harden, 52 Wall Street Ballard & Co., 43 Pearl St., Hartford, Conn. Bamberger, L. Richard, 1 Wall St. Bamberger, Max, 15 Broad St. Bampton, Benjamin E., 50 Broadway. Barbee & Co., 40 Wall Street Barclay, Moore & Co., Fidelity-Phila. Trust Bldg., Philadelphia, Pa. Barney & Co..Chas. D„ 65 Broadway Barnwell, Arthur & Co., 100 Broadway Barrett & Company, 40 Exchange Place Barry & Hughes, 11 Broadway. Barth, J. & Co., 482 California St., San Francisco, Calif. Bartholomae, H. J., 47 Broad St. Bartle, William A., Jr., 40 Wall St. Bartlett, Benj. D. & Co., 313 Vine St., Cincinnati, Ohio. Baruch, Bernard M., Jr., 60 Beaver St. Baruch, Sailing W., 60 Beaver St. Bates, B. L. M., Murray Hill Hotel Baylis & Co., 42 Broadway. Bean, Chas. H. & Co., 1528 Walnut St., Phila delphia, Pa. Bear, Stearns & Company, 1 Wall Street Beardsley, Sterling S., 67 Broad St. Beauchamp, Thomas J., 40 Wall St. Bebee, Wm. E. 0., 14 Wall St. Beekman, Wm. B. & Co., 20 Broad Street Beer & Company, 30 Broad Street Belden & Co. -1 Wall Street Bell & Beckwith, 40 Wall St. Benedict, E. C. & Co., 71 Broadway Benjamin & Ferguson, 61 Broadway Benjamin, Hill & Company, 39 Broadway Bennett (Leslie L.) & Company, 60 Broadway Bennett, James E. & Co., 23-25 Beaver Street Bennett & Palmer, 165 Broadway Bennett, Smith & Co., 640 Griswold St., Detroit, Mich. Benton & Marsh, 115 Broadway Berdell Bros., 1 Wall Street Berg. Eyre & Kerr, 50 Broadway Berg, Wm. J., 324 Nutley Ave., Nutley, N. J. Berliner & Co., 25 Broad St. Bernard, Winkler & Co., 25 Broad St. Bernheimer, Edwin E., 1 Wall St. Biddison, Ned D., 39 Broadway. Biddle, Whelen & Co., 1606 Walnut St., Phila delphia, Pa. Biggs, Mohrman & Co., 1 Wall Street Billings, Olcott & Company, 52 Broadway Bioren & Co., 1508 Walnut St., Philadelphia, Pa. Birge, Wood & Trubee, M & T Bldg., Buffalo, N. Y. Bishop, Allen Reynolds, 1 Wall St. Bissinger & Co., 225 Montgomery St., San Fran cisco, Calif. Blagden, Wendell P., 31 Nassau St. Blake Brothers & Co., 40 Wall Street Blauner & Co., 25 Broadway Blinn, Prosper J., 42 Broadway. Bliss, J ulius, 24 Broad St. Bloch, Elmer M., 120 Broadway. Block, Myron II., 39 Broadway. Blumenthal Bros., 71 Broadway Blumenthal, Simon B., 50 Broadway. Blun, George E., 165 Broadway. Blyth, Bonner & Kimbley, 52 Wall St. Bodell & Co., 32 Custom House St., Providence, R. I. Bogert & Co., Beverly, 120 Broadway. Bonbright, George D. B. & Co., 100 Powers Bldg., Rochester, N. Y. Bond, McEnany & Co., 60 Beaver Street Boody, McLellan & Co., Ill Broadway Bosten, Paul R., 47 Broad St. Boulton, Howard, 115 Broadway. Bouvier, John V., 3d., 52 Broadway Bouvier & Co., M. C., 20 Broad Street Bowen, J. W. & Co., 53 State St., Boston, Mass. Bradford, J. C. & Co., Nashville Trust Bldg., Nashville, Tenn. Bradley, F. J. & Co., 1 Wall Street Bradshaw, Sydney P., 61 Wall St. Bramley & Smith, 52 Broadway Branch, Cabell & Co., 814 E. Main St., Richmond, Va. Brand, Grumet & Co., 120 Broadway Brand, Michael J., Jr., 47 Broad St. Brandenburg & Co., Ill Broadway Braumuller, Charles, 47 Broad St. Bregman, Abner, 1 Wall St. Breining & Co., 17 Battery Place Bright, Elmer H. & Co., 84 State St., Boston, Mass. Bright, Sears & Co., 53 State St., Boston, Mass. Brin ton & Co., 61 Broadway Britt, Richard J., 25 Broadway. Brody, L. J. Stephen, 109 Killdeer Rd., Hamden, Conn. Brooks & Co., J. H., 1 Wall Street. Brooks, George G. Jr., 1 Wall St. Brown, Alex & Sons., 135 Baltimore St., Balti more, Md. BROWN BROTHERS, HARRIMAN & CO., 59 Wall Street Brown, James M. Jr., 47 Broad St. Brown, Paul & Co., Paul Brown Bldg., St. Louis, Mo. Brown, Vernon H., 61 Broadway. Brown & Co., Vernon C., 71 Broadway. Brown & Gruner, 48 Wall Street Brumley & Anderson, 120 Broadway Bruns, Edwin G„ 11 Wall St. Bruns, Edwin G. Jr., 11 Wall St. Bryan, Penington & Colket, 48 Wall St. Buckley, John F., 47 Broad St. BULL, ELDRED6E & POPPER, 39 Broadway. BURNET (W. E.) & CO., 11 Wall Street Burnham & Company, 40 Wall St. Burnside (Irving H.) & Co., 80 Broad St. Burr, Gannett & Co., 53 State St., Boston, Mass. Burton, Cluett & Dana, 120 Broadway Burton, Crawford, 65 Broadway. Bushnell, Henry Thompson, 1 Wall St. Butcher & Sherrerd, Real Estate Tr. Bldg., Philadelphia, Pa. Butler, Herrick & Marshall, 30 Broad Street Butler, Wick & Co., Union National Bldg., Youngstown, Ohio. Buttenwieser, Clarence, 25 Broad St. Byck & Broads, 39 Broadway Byram, Hobart R., 42 Broadway. Bywater & Leary, 31 Nassau Street Cahn, Frank B. & Co., 8 So. Calvert St., Balti more, Md. Cahn, Joel G., 30 Broad St. Callaway, Fish & Co., 15 Broad Street Campbell & Co., H. G., 52 Broadway Campbell, Oliver S., 11 Broadway. Carey, Denis J., 42 Broadway. Carey, H. T. & Co., 50 Broadway Carlebach, Herbert L., 60 Broad St. Carlebach, Walter M., 60 Broad St. Carleton, Alexander, 14 Wall St. Carlisle, Jay F. Jr., 50 Broadway. Carlisle, Mellick & Co., 50 Broadway Carreau & Co., 63 Wall Street Carstairs & Co., 220 So. 16th St., Philadelphia, Pa. Carstens, Geo., 42 Broadway Carter & Co., 48 Wall Street. Caspary, A. H. & Co., 60 Broadway. Cassatt & Co., 40 Wall St. Cassel, H. & Co., 61 Broadway Cavalier, Wm. & Co., 121 Sutter St., San Fran cisco, Calif. Ceballos, Juan M., 42 Broadway. Chambers, Henning & Co., 431 W. Jefferson St., St. Louisville, Ky. Chapin, S. B. & Co., Ill Broadway Chaplin & Co., 52 Broadway Chapman, Carman & Co., 26 Broadway Chapman, Page, Jr., 61 Broadway. Chauncey & Co., 61 Broadway Chisholm & Chapman, 52 Broadway Clapp, Howard F., 50 Broadway. Clark, Dodge & Co., 61 Wall Street Clark, E. W. & Co., Locust & 16th Sts., Phila delphia, Pa. Clement, Curtis & Co., 231 So. La Salle St., Chicago, Ill. Clews & Co., Henry, 7-9-11 Broadway. Clifford & Co., 54 Wall Street Cloud, John K., 120 Broadway. Clucas & Company. HI. W., 70 Pine Street. Coddington, Dave H., at Carlisle, Mellick & Co. Coggeshall & Hicks. Ill Broadway Cohen, Edward L., 52 Wall St. Cohen, Simonson & Co., 30 Broad Street Cohen, Wachsman & Wassail, 70 Pine Street Cohff Brothers, 90 Broad St. Coleman, Eliot W., 42 Broadway. Coleman, Townsend P., 42 Broadway. Colgate, Jas. B. & Co., 44 Wall Street Collin, Norton & Co., Gardner Bldg., Toledo, Ohio. Collins, David M., Bawood, West Orange, N. J. Collins, John T., 50 Broadway. Condon, Proctor & Co., 70 Pine Street. Cone, Henry H. Jr., 50 Broadway. Connelly & Co., F. J., 15 Broad St. Conried & Co., 24 Broad Street Content & Co., H., Ill Broadway. Conway, Carle C., Jr., 1 Wall St. Conway (Norton) & Co., 52 Wall St. Cook, Charles K„ 40 Wall St. Cooke, James F., 42 Broadway. Cooley & Co., 100 Pearl St., Hartford, Conn. Corlies & Booker, 90 Broad Street Coster, Gerard H„ 1 Wall St. Coulon & Co., E. J., 50 Broadway. Courts & Co., 11 Marietta St., Atlanta, Ga. Coward, Raymond A., 40 Wall St. Cowen & Co., 54 Pine Cox, E. Van Dyke, Jr., 42 Broadway. Craigmyle. Marache & Co., 1 Wall Street Crandell, Walter S„ 25 Broad St. Creem, John J. Jr., 61 Broadway. Cullman Brothers, 161 Front Street Cunningham, Cyril E., 42 Broadway. Curtiss, House & Company, 61 Wall Street Dabney, F. L. & Co., 10 Post Office Square, Boston, Mass. Dale, Chester, 115 Broadway. Daly & Craib, 418 Olive St., St. Louis, Mo. Daning, M. J., 60 Wall st. Dann (J. C.) Wickwire & Co., 287 Main St., Buffalo Danzig, Jerome J., 200 Fifth Ave. Davenport & Co., 1113 E. Main St., Richmond, Va. Davis & Co., Fellowes, 52 Broadway. Davis & Co., J. W„ 111 Broadway. Davis & Co.. Morgan, 15 Broad St. Davis & Davis, 10 Weybosset St., Providence, R. I. Davis & McIntosh, lllBroadwav Davis, Frank H., 47 Broad St. Davis, Paul H. & Co., 37 So. La Salle St., Chicago, Ill. Day & Co., R. L., 14 Wall Street. De Coppet & Doremus, 42 Broadway de Cordova & Bro., Cyril, 25 Broad Street. de Cordova, Eustace, 25 Broad St. Deery, Francis X., 25 Broad St. De Haven & Townsend, 30 Broad St. Denny, Saportas & Co., 1 Wall Street de Rham, Casimir, 115 Broadway. De Veau, George P., 47 Broad St. De Voe, Dyke & Sperry, 25 Broad St. DICK & MERLE-SMITH, 30 Pine Street Dietrich & Company, F., 1 Wall Street. Diffenderlfer & Co., 1611 Walnut St., Philadelphia, Pa. Dillon, C. Douglas, 26 Broadway. Dixon & Co., 1411 Chestnut St. Dixon & Co., G. A., 42 Broadway Dobbs & Company, 1 William St. Dominick & Dominick, 115 Broadway Donoho, Moore & Co., 52 Wall St. Donohue, Joseph T., 42 Broadway. Douglas & Company, F. H., 61 Broadway. Douglas, Barclay K., 50 Broadway. Douglas, Walter C., 100 Broadway. Doyle & Company, Frank, 25 Broadway Doyle, Hays & Co., 30 Pine St. Dreyfus & Nicholas, 40 Wall Street Driscoll, William V., 40 Wall St. Drummond, Howard, 50 Broadway. DRYSDALE & CO., 71 Broadway Duff & Co., J. Robinson, 1 Wall Street. Duffy, Alfred Poole, 47 Broad St. Duncan, John C. Jr., 60 Broadway. Dunne & Co., John V., 19 Rector Street. Dunscombe & Co., 60 Broad Street du Pont, Francis I. & Co., 1 Wall Street Durand, C. A. & Son, 15 Broad Street Durand, James F., 50 Broadway. Dyer, Hudson & Co., 61 Broadway Eastman, Dillon & Co., 15 Broad St. Eckstein, Alfred, 111 Broadway. Edge & Co., C. N„ 20 Exchange Place. Edgerton, John J., 61 Broadway. Edmonds & Co., 1 Wall St. Edmonds, Wm. E., Ill Broadway. Edwards, A. G. & Sons, 409 N. 8th St., St. Louis, Mo. Einstein & Co., H. G., 30 Broad St. Einstein, Walter S., 41 Broad St. Eisele, King & Nugent, 9 Clinton St., Newark, N. J. Eisemann, Alexander & Co., 42 Broadway Elder & Co., James Bldg., Chattanooga, Tenn. Elias (Albert J.) & Co., 20 Broad St. Eliott & Co., Gilbert, 11 Broadway. Elkins, Morris & Co., Land Title Bldg., Phila delphia, Pa. Ellis, D. H. & Co., 120 Broadway Elsaesser, George G„ 47 Broad St. Ely & Son, 120 Broadway. Emanuel & Co., 32 Broadway Emory, Freed & Co., 109 So. Third St., Phila delphia, Pa. Engel & Co., 120 Broadway Erdman & Co., 25 Broadway Eric & Drevers, 40 Wall Street. Ernst & Company, 1 S. William St. Estabrook & Co., 40 Wall Street Ettinger, Adrian, 70 Pine St. Evans, Stillman & Co., 14 Wall Street Fackert, William E., 1 Wall St. Fagan & Goetz, 40 Wall St. Fagenson, Bertram F., 50 Broad St. Further information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1661 NEW YORK—Continued MEMBERS Fahnestock & Co., 1 Wall Street Fair, Charles M., 100 Broadway. Faroll Brothers, 50 Broadway Farr & Co., 90 Wall Street Farrington & Coleman, 52 Broadway Farwell, Chapman & Co., 208 So. La Salle St., Chicago, Ill. FENNER & BEANE, 67 Broad St. FIELD, GLORE & CO., 38 Wall Street Filor, Bullard & Smyth, 39 Broadway Finch, Wilson & Co., 120 Broadway Fincke, Reginald, 61 Wall St. Findley, William V. B., 42 Broadway. Fisher, William, 39 Broadway. Fitzsimmons, Joseph M., 115 Broadway. Florentino & Co., 120 Broadway Ford, Donald, 115 Broadway. Forgie, David F., 47 Broad St. Foster & Adams, 120 Broadway Foster (F. V.) & Co., 50 Broadway Foster, John W., 25 Broad St. Foster, Marvin & Co., 2 Wall Street Fox, O’Hara & Co., 60 Broad Street Francis, Bro. & Co., 4th and Olive Sts., St. Louis, Mo. Frank, A. R. & Co., 120 So. La Salle St., Chicago, Ill. Frank & Sterling, 30 Broad Street Frank, Robert L., 25 Beaver St. Frankhauser, Charles A., 50 Broadway. Fransioli & Wilson, 120 Broadway Fried & Company, Albert, 120 Broadway. Friede, Leo, at Ira Haupt & Co., 39 Broadway. Friedlander, Marcus S., 39 Broadway. Friedman, Brokaw & Samish, 418 Olive St., St. Louis, Mo. Fritts, Wilfred H., 29 Broadway Fuerst, William, 39 Broadway. Fuller (Henry B.) & Co., 67 Broad Street Fuller, Rodney & Co., 14 Wall Street Gaines & Company, 1 Wall Street Gammack & Co., 39 Broadway Garvin, Bantel & Co., 120 Broadway. Gengler, Arthur, 1 Wall St. Gengler, Herbert B., 1 Wall St. Gengler, Joseph D., 1 Wall St. Gerham, Harry, 42 Broadway. Gibb, Robert P., 50 Broadway. Gilbert & Co., Clinton, 120 Broadway Gilbert, Riley Miles, 11 Broadway. Gilchrist, Bliss & Co., 120 Broadway Giles, John C., 50 Broadway. Gilmor, Robert, Jr., 1 Wall St. Gimbel & Co., Louis, 48 Wall Street Gitterman, Joseph L., Jr., 50 Broadway Glendinning, Robert & Co., S. E. corner 15th and Chestnut Sts., Philadelphia, Pa. Glenny, Roth & Doolittle, 1415 Liberty Bk. Bldg., Buffalo, N. Y. Goadby & Co., W. H., 120 Broadway Goerz, E. V. & Co., 39 Broadway Goldman, Edward P., 14 Cortland Ave., New Rochelle, N. Y. Goldman, Henry Jr., 29 Broadway Goldman, Robt. J., 30 Broad St. Goldman. Sachs & Co., 30 Pine Street Goldsmith (H. W. )& Co., 120 Broadway Goldsmith, Joseph M., 63 Wall St. Goodbody & Co., 115 Broadway Goodhart, A. E., 24 Broad St. Goodwin, William H., 42 Broadway. Gordon & Whitney, 115 Broadway Goslin, Woodley B., 42 Broadway. Gould, Clarence F., 2 Wall St. Gould, Frank J., 165 Broadway Gould, Howard, 160 Broadway Gradison, W. D. & Co., 408 Dixie Terminal Bldg., Cincinnati, Ohio. Graham & Co., 50 Broadway Graham, Harry S., at Redmond & Co., 48 Wall St. Granberry & Co., 50 Broadway Granbery, Safford & Co., 40 Wall Street Graves, Banning & Co., 14 Wall St. Gray & Wilmerding, 44 Wall Street Green, Ellis & Anderson, 100 Broadway Greene & Brock, 40 Wall Street Greenway, Gilbert C. Jr., 61 Broadway. Greer, Crane & Webb, 37 Wall Street Gregory, George V., 42 Broadway. Griffen, Cecil, 60 Beaver St. Gruntal & Co., 30 Broad St. Grymes, J. Randolph, Jr., 42 Broadway. Gude, Winmill & Co., 1 Wall Street Guggenheimer & Ullman, 50 Broadway Gunn, Norman, 14 Wall St. Gutenstein & Markoe, 25 Broadway Gutman, J. W., 61 Broadway. Guy, John J., 25 Broad St. Gwathmey, Archie B. 2d, 40 Wall St. Gwynne Bros., 61 Broadway Haff, Carroll B., 120 Broadway. Hagan, John Vincent, 42 Broadway. Halladay & Co., 14 Wall Street HALLE & STIEGLITZ, 25 Broad Street HALLGARTEN & CO., 44 Pine Street Halsted & Harrison, 1 Wall Street Hamershlag, Borg & Co., 39 Broadway Hano & Co., 120 Broadway Hardenbrook, Donald J., 67 Broad St. Hardy & Company, 11 Broadway Harriman & Keech, 11 Broadway Harris, Burrows & Hicks, 135 So. La Salle St., Chicago, Ill. HARRIS, UPHAM & CO., 11 Wall Street Harrison & Co., 11 Wall St. Harrison, Benjamin V. Jr., 120 Broadway. Harrison, O’Gara & Co., 209 So. La Salle St. Hartshorne, Fales & Co., 71 Broadway Hatch, E. Sanford, 61 Broadway. Haupt & Company, Ira, 39 Broadway Hawkins, Roswell G., 15 Broad St. HAYDEN, STONE & CO., 25 Broad Street Hazlett & Burt, 215 Wheeling Steel Corp. Bldg., Wheeling, W. Va. Healy, James A., 40 Exchange Place. Heath, Royal V., 11 Wall St. Hecker & Co., Liberty Trust Bldg., Philadelphia, Pa. Hedberg & Koppisch, 1 Wall Street Hedberg, O. Viking, 120 Broadway. Hedge & Price, 40 Wall Street Heidelbach, Ickelheimer & Co., 49 Wall Street Hemmerle, Joseph, 111 Broadway. Hemphill, Noyes & Co., 15 Broad Street Henderson & Company, 40 Wall Street Henderson, Charles F. & Sons. 71 Broadway Hendrickson & Co., 30 Pine St. Henry, Jones E., 50 Broad St. Hentz, H. & Co., 60 Beaver Street Herbek, Anton W., 47 Broad St. Herman & Co., 14 Wall St. Hernon, Wm. S„ 120 Broadway. Herrick, Berg & Co., 40 Wall Street Herzfeld & Stern, 30 Broad Street Hess, Walter W., 120 Broadway. Hewitt, Lauderdale & Co., 61 Broadway Hibbs, W. B„ & Co., Hibbs Bldg., Washington, D. C. Higham, Neville G., 42 Broadway. Hill & Co., 2020 Carew Tower, Cincinnati, Ohio Hill, Charles W. & Co., 1 Wall Street Hilliard, J. J. B„ & Son, 419 W. Jefferson St., Louisville, Ky. Hlrsch, Lilienthal & Co., 165 Broadway Hirschberg, Harold, 39 Broadway. Hirshon, Walter, 61 Broadway. Hiscoe, Reginald V., 52 Wall St. Hoge, Underhill & Co., 11 Broadway Hogle, J. A., & Co., 132 Maine St., Salt Lake City, Utah Holden, W. Wilson, 115 Broadway. Hollander, Robert B., 50 Broad St. Holsapple, Harvey & Co., 30 Pine St. Homans & Co.. 120 Broadway Hopper, B. E., & Co., 1356 Penobscot Bldg., Detroit, Mich. Hoppin Bros. & Co., 120 Broadway Hornblower & Weeks, 40 Wall St. Horton. H. L. & Co., 1 Wall Street Hough, Harry P., 1 Wall St. Hovey, Chandler & Co., 82 Devonshire St., Boston, Mass. Howard, Robert F., 25 Broad St. Howell, Douglass & Co., 40 Wall Street Hoyt & Co., (Colgate,) 14 Wall Street Hubbard Bros. & Co., 66 Beaver Street Hubbard, Edwin D., 67 Exchange Place. Hulburd, Warren & Chandler, 208 S. La Salle St., Chicago, Ill. Hume & Thompson, 60 Broadway Hummer, Wayne & Co., 105 W. Adams St., Chicago, Ill. Humphreys, A. Putnam, 30 Broad St. Hunt, Gregory C„ 50 Broadway. Hutchins & Parkinson, 53 State St., Boston, Mass. HUTTON & CO., E. F., 61 Broadway Hutton & Co., W. E., 52 Wall Street Hyde, William T., at Josephthal & Co., 120 Broadway. Hyman & Co., 40 Wall St. Hynes, John M., 120 Broadway. Imbrie, H. Thornton, 50 Broadway. Ingalls & Snyder, 100 Broadway Irle, Willard S„ 30 Broad St. ISELIN & CO., A., 40 Wall Street Jackson Bros., Boesel & Company, 26 Broadway JACKSON & CURTIS, 115 Broadway Jacobs, Stanley R., 120 Broadway. Jacobson & Co., Benjamin, 120 Broadway Jacquelin & De Coppet, 47 Broad Street Jelke & Co., (Frazier) 40 Wall Street Jenks, Gwynne & Co., 65 Broadway Jennings, George C., 11 Broadway. Jenssen, Henry C., 40 Exchange PI. Jesup & Lamont, 26 Broadway Jewett, Newman & Co.. 25 Broad Street Johnson & Durant, 61 Broadway. Johnson & Wood, 30 Broad Street Johnson, Leeds, 49 Wall St. Jones, C. Hyland, 20 Broad St. Joost, Patrick & Company, 90 Broad Street Joseph & Co., Morris, 25 Beaver Street Joseph, J. Bernard, 50 Broadway. Josephthal & Co., 120 Broadway Jurgens, Herman E., 42 Broadway. Kahn, Elliott M., 44 Pine St. Kahn, Gustave H., 165 Broadway. Kaiser & Company, Louis, 150 Broadway. Kantzler, George R., 25 Broad St. Kaufman, Richard K. & Co., 39 Broadway Kaufmann, Leo, 25 Broad St. Kay, Richards & Co., Union Arcade, Pittsburgh, Pa Kay, William de Young, 25 Broad St. Kean. Taylor & Co., 20 Exchange Place Keenan, Henry C., 120 Broadway. Kelley, Thomas F., 50 Broadway. Kempner, Alan H., 120 Broadway. Kennedy & Co., 1 Wall Street Keppler, Emil A. C„ 116 E. 53rd St. Kerngood & Co., 120 Broadway Kernochan, Marshall R., 44 Wall St. Kerr & Armstrong, 42 Broadway Kerr (L. S.) & Co., 11 Wall St. Kevet, Ralph E., 50 Broadway. KIDDER & CO., A. M., 1 Wall Street KIDDER, PEABODY & CO., 17 Wall Street Kimball, Hervey L., 42 Broadway. King, Arklay, 11 Wall St. King, Frank E., 71 Broadway. Klauber, Murray, 29 Broadway. Knapp, Arthur, Jr., 47 Broad St. Knapp, Theodore J., 14 Wall St. Koch & Co., Spencer B., 29 Broadway Koch, Spencer B., 29 Broadway. Kohler, Sheerin & Fish, 48 Wall Street Kraebel, Raymond H„ 50 Broadway. KUHN, LOEB & CO., 52-54 William Street La Branche, Arthur E., 50 Broadway. La Branche, Geo. M. L., 50 Broadway. La Branche & Company, 50 Broadway Ladenburg, Thalmann & Co., 25 Broad Street Laidlaw & Co., 26 Broadway Laird & Co., du Pont Bldg., Wilmington, Del. Laird, Bissell & Meeds, 120 Broadway Lamborn, Hutchings & Co., 37 Wall Street Lamm, Harold J., 42 Broadway. Lamson Bros. & Co., 2200 Board of Trade Bldg., Chicago, Ill. Lanahan, W. W., & Co., Calvert Bldg., Baltimore, Md. Lane, Allan Browning, 50 Broadway. Langley & Co., W. C., 115 Broadway Lapham, Fahy & Co., 29 Broadway Lapham, Frank E. Jr., 120 Broadway. Lauer & Co., William E„ 50 Broadway Lawder, Hervey C., 42 Broadway. Lawrence & Sons, Cyrus J.. 115 Broadway Lazard Freres, 19 Nassau Street Leaman, Alfred V., 3rd, 25 Broad St. Leavitt, Phillip B., 39 Broadway. Lee. Higginson & Co., 37 Broad Street Leeds, Laurence C., & Co., 54 Pine St. Lehman Bros., 1 William Street Leopold & Co.. James M„ 70 Wall Street Levey, David E., 25 Broad St. Levis, Carl, 37 Wall St. Levy & Co., Robert J., 165 Broadway Lewinson & Co., Sydney .40 Wall Street Lewis (Chas. E.) & Co., 601 Second Ave., Minne apolis, Minn. Lewisohn & Sons. Adolph, 61 Broadway Lewisohn, Frederick, 11 Broadway. Libaire & Company, 37 Wall Street Liberman, Herman N., Jr., 25 Broad St. Linburn, Ernest A., 25 Broad St. Lindley & Co.. 44 Wall St. Lipper, Arthur, Jr., 120 Broadway. Lipscher, Milton A., 42 Broadway. Livingston, Dennis & Co., 40 Wall St. Lloyd & Co., Ill Broadway Lober Brotners & Co., 37 Wall Street. Lockwood, Peck & Co., 52 Broadway. Loeb & Co., Carl M„ 48 Wall Street. Loeb, Alsberg & Co., 39 Broadway. Loeb, Robert LI., 120 Broadway. Loew & Co., 2 Wall Street. Long, John E., 25 Broad St. Louchheim, Harry E„ 120 Broadway. Lovejoy, Donald M., 49 Broad St. Lowell, James Russell, 30 Broad St. Lowitz E. & Co.. 29 Broadway. Luber & Co., 50 Broadway. Luitweiler, Kellogg & Co., 96 Wall Street Luke, Banks & Weeks, 1 Wall Street. Lustig, Jerome B., 39 Broadway. Lyon & Co., W. Wallace, 120 Broadway Lyon, Cecil, 63 Wall St. Lyons, W. L., & Co., 112 S. 5th St., Louisville, Ky. Mahon & Co., 1 Wall Street. MacArthur, Malcolm, 47 Broad St. MacDonald & Co., 234 Real Estate Tr. Bldg., Philadelphia, Pa. Mackay & Co., 14 Wall Street. MacKinney, Jno. R., 1 Wall St. Mackubin, Legg & Co., 222 E. Redwood St., Baltimore, Md. MacMeekin & Co., 123 S. Broad St., Philadelphia, Pa MacQuoid & Coady.lll Broadway Madden, Walter H., 47 Broad St. Maier, Albert J., 42 Broadway. Maier, John A., 42 Broadway. Maloney, Anderson & Block, 50 Broadway Manheimer, DeWitt J., 32 Broadway. Manson & Co. .Thos L., 120 Broadway Marcus, Jefferson H., at Charles V. Snedeker & Co., 1 Wall St. Marcus, Mortimer, 1 Wall St. Marks, Eric H., 25 Broad St. Marks (Laurence M.) & Co., 49 Wall St. Marks, Laser & Co., 231 S. La Salle St., Chicago, Ill. Marquis & Co., L. J., 39 Broadway Marshall & Marshall, 120 Broadway Marshall, Campbell & Company, 61 Broadway. Masten, A. E., & Co., First National Bank Bldg., Pittsburgh, Pa. Maxwell, George L., 1 Wall St. Mayer, Clinton O. Jr., 120 Broadway. Mayer & Company, Jos. G., 74 Trinity Place. Farther Information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list In each city https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1662 STOCK EXCHANGE MEMBERS NEW YORK—Continued MEMBERS Mayer & Hart, 111 Broadway Maynard, Oakley & Lawrence, 24 Broad Street McCaffray & Co., Walter P., 25 Broad Street McCarthy & Vose, 52 Broadway McClave & Co., 67 Exchange Place. McClellan, George R., 40 Wall St. McCutcheon, McKelvy & Durant, Union Trust Bldg., Pittsburgh, Pa. McCreery, Samuel, & Co., 123 S. Broad St., Philadelphia, Pa. McDermott & Co., Peter P., 39 Broadway. McDermott, William P., 39 Broadway. McDonnell & Co., 120 Broadway. McEneaney, Edward V., 47 Broad St. McGoldrick, Henry A., 50 Broadway. McGough & Schuman, 1 Wall Street. McIntyre, Hugh B., 50 Broadway. McKay, N. Bruce, 42 Broadway. McKenna, Arthur J., 47 Broad St. McKenna, James, 40 Exchange Place. McKenzie, Joseph E., 25 Broad St. McKeon, Daniel Manning, 71 Broadway. McKeon, Robert Manning, 71 Broadway. McLaughlin, Joseph A., 42 Broadway. McLean, James, 120 Broadway. McVickar, E. S. J., 2 Wall St. Meehan & Co., M. J., 30 Broad St. Melady & Co., John, 141 Broadway Mellick, J. Hartley, Jr., 50 Broadway. Mellon, Charles Henry, 42 Broadway. Mensch, Bernard L., 29 Broadway. Mensch, Milton, 39 Broadway. Miller & Dodge, 30 Broad Street Miller & McVickar, 50 Broadway Miller, Frank A., 25 Broad St. Miller, Hutton & Co., 1 Wall St. Mindermann, Frederick H., 29 Broadway. Minton & Co.. D. M., Ill Broadway Mitchell, Hutchins & Co., 231 S. La Salle St., Chicago, Ill. Mitchell & Watts .65 Broadway Monahan & Cohn, 111 Broadway Montgomery, Robert Craig, 111 Broadway. Montgomery, Scott & Co., 120 Broadway. Moore & Co., D. T„ 50 Broad Street Moore, J. Carson, 60 Beaver St. Moore, Leonard & Lynch, 111 Broadway. Moore & Schley, 100 Broadway. Moors & Cabot, 111 Devonshire St., Boston, Mass. MORGAN & CO., J. P., 23 Wall Street. Morgan, Howland & Company, 42 Broadway. Morgan, Morgan G., 60 Broadway. Morrill & Rich, 111 Broadway Morris & Co., 1 Wall Street Morris, Brown & Co., Commonwealth Bldg., Pittsburgh, Pa. Morris & Smith, 120 Broadway Morrison, H. Terry, 61 Broadway. Morse, Anthony W., 60 Beaver St. MOSELEY & CO., F. S., 39 Broadway. Muir & Co., John 39 Broadway. Munds, Winslow & Potter, 40 Wall Street Munn & Norris, 30 Broad Street Murfey, Blossom & Co., Guardian Bldg., Cleve land, Ohio. Murphy (C. H.) & Co., 40 Wall St, Murphy, G. M.-P. & Co.. 52 Broadway Murray, John F. & Co., 11 Broadway Myles, John L., 47 Broad St. Nammack, Jerome W., 40 Wall St. Nash & Co., Ill Broadway. Neddermeyer, August, 42 Broadway. Neilson & O'Sullivan, 20 Broad Street. Neilson, C. Frederic, Jr., 115 Broadway. Nelson, Palen, 1 Wall St. Neuberger, Harry H., 60 Beaver St. Neuhut, Plohn & Co., 60 Broad Street. Neumoegen, Manfred L., Ill Broadway. Newbold’s, W. H., Son & Co., 1517 Locust St. Philadelphia, Pa. Newborg & Co., 60 Broadway. Newburger, Loeb & Co., 40 Wall Street. Newcombe, Chas. M., Ill Broadway. Newhard, Cook & Co., 400 Olive St., St. Louis, Mo. Newman Bros. & Worms, 25 Broad Street. Newsome, John C., 50 Broadway. Nick (J. F.) & Co., 120 Broadway Nims, Arthur V., 50 Broadway. Noble, H. G. S., 42 Broadway. Noel, Berman & Langley, 54 Wall St. Norris & Kenly, 208 S. La Salle St., Chicago, Ill. Norris, Donald Lee, 61 Broadway. Noyes, David A., & Co., 208 S. La Salle St., Chicago, Ill. Noyes, Julius W„ 1 Wall St. Nugent & Igoe, 11 Commercial St., Newark, N. J. Nuttall, R. V., & Co., Park Bldg., Pittsburgh, Pa. O’Brien, Esmonde F., 15 Broad St. O’Brien, Richard W., 15 Broad St. Oliphant & Co., Jas. H., 61 Broadway. Onativia, J. Victor, Jr., 42 Broadway. O’Neill & Co., Grover, 20 Exchange Place Orvis Brothers & Co., 60 Broadway. Orvis & Co., Schuyler A., 120 Broadway Ottimer, Jack C., 30 Broad St. * Ottley, Gilbert, 30 Broad St. Paige, Smith & Remick, 39 Broadway. Paine, Webber & Co., 25 Broad Street. Parker, Alfred P., 44 Beaver St. Parker, Dale, 25 Broad St. Parker, McElroy & Company, 120 Broadway. Parrish & Co., 40 Wall Street. Pask & Walbridge, 1 Wall Street. Paul, Capton M., 32 Broadway. Pearl, Dyer, 1 Wall St. Peck, Barney, 40 Wall St. Pell & Co., 40 Wall Street Pell, Peake & Co., 24 Broad Street. Pelzer, B. H. & F. W., 42 Broadway. Perkins, Erickson & Co., Powers Block, Rochester, N. Y. Pforzheimer & Co.. Carl H., 25 Broad Street. Phelps & McKee, 63 Wall St. PIERCE & CO., E. A., 40 Wall Street. Pierce, Dennis J., 20 Exchange Place. Pillot, Andre P., 48 Wall St. Pinkerton, Robert A., 50 Broadway. Piper, Jaffray & Hopwood, 529 Second Ave., So., Minneapolis, Minn. Pollard, Arthur J., 120 Broadway. Post & Flagg, 49 Broad Street. Potts,William B. Jr., 120 Broadway. Potts, William Rockhill, 47 Broad St. Pouch & Co., 1 Wall Street Prentice, Blauner & Brady, 25 Broadway. Prescott, Biggar & Co., 101 Guardian Bldg., Cleveland, Ohio. PRESSPRICH & CO., R. W., 68 William Street. Price & Filston, 42 Broadway Prince, F. 11., & Co., Court & Washington Sts., Boston, Mass. Proctor, Cook & Co., 15 Broad St. Prybil, Paul, 1 Wall St. Purdy, Strother B., 42 Broadway. Putnam & Co., 6 Central Row, Hartford, Conn. Pyne, Kendall & Hollister, 60 Wall Street. Quincey & Co., Chas. E., 24 Broad Street. Quinn, Walter A., 50 Broadway. Raebeck, William, 25 Broadway. Rafferty, Paul F., 120 Broadway. Raies, Carl, & Co., 256 Montgomery St., San Francisco, Calif. Raschen, John W., 42 Broadway. Ray, Joseph B., 50 Broadway. Rayner, Thomas, 42 Broadway. Reckling, Harold M., 42 Broadway. Redmond & Co., 48 Wall Street. Reeves, Edward J., 61 Broadway. Reid, Fergus, Jr., 50 Broadway. Reimer & Co., Ill Broadway Reiner & Co., Milton E., 120 Broadway Reinholdt & Gardner, 400 Locust St., St. Louis, Mo. Renson, Joseph H., 19 Rector St. Reynolds & Co., 120 Broadway. Reynolds, Fish & Co., 120 Broadway. Rheinstein, Sidney, 14 Wall St. Rhoades & Co., 30 Pine St. Rhodes, Edmund, 60 Broadway. Rhodes, Gilbert L., 120 Broadway. Rice, Edward J., 11 Broadway. Rich, Clark & Petersen, 39 Broadway. Richard, C. B. & Co., 44 Beaver Street. Richards, Fred L., 42 Broadway. Richards, Hume & Heffernan, 49 Wall Street Righter, W’alter L., 64 Wall St. Ristine & Co., F. P., 15 Broad Street. Riter & Co., 38 Nassau Street Rives, Reginald B., 47 Broad St. Robertson, Charles E., 11 Wall St. Robertson & Georgeson, 1 Wall St. Robinson, N. Dorsey, 47 Broad St. Rockefeller, J. D., 30 Rockefeller Plaza. Roesler, Walter, 50 Broadway. Rogers, Frank C., Ill Broadway. Rogers, Wilbur H., 120 Broadway. Rollins, Ernest C., 52 Broadway. Rollins, G. Edward, 40 Wall St. Rooke, Robert L., 40 Wall St. Rose, Luke II., 52 Wall St. Rose, Raymond S., 60 Broadway. Rose, Reginald P., 42 Broadway. Rose, Cammann & Co., 120 Broadway. Rosenau, Walter N., 1 Wall St. Rossbach, Laurence B., 42 Broadway. Roth & Co., B. H„ 25 Broad Street. Roth (Emil J.) & Co., 29 Broadway. Rothschild & Co., L. F., 120 Broadway. Rothschild & Co., 105 W. Adams St., Chicago, Ill. Rowland, Reginald, 50 Broadway. Ruggles, Burnet R., 37 Wall St. Russell, Brewster & Co., 135 S. La Salle St., Chicago, Ill. Russell, Marshall H., 50 Broadway. Rutherfurd, John, 120 Broadway. BUTTER & COMPANY, 20 Exchange Place. Sabater, William F., 42 Broadway. Sackett (Ray P.) & Co., 11 Broadway. Sadler & Co., 105 S. La Salle St,, Chicago, Ill. SALOMON BROS. & HUTZLER, 60 Wall St. Salomon & Co., F. L., 50 Broadway. Salomon, Robert S., 60 Wall St. Salter, John A., 42 Broadway. Salzer, Herbert D., 120 Broadway. Samuels, Donald L., 40 Wall St. Sargeant, Malo & Co., Equitable Bldg., Denver, Colo. Sartorius & Smith, 61 Broadway. Scarborough, Ambrose & Co., Ill Broadway Scarritt & Bardach, 120 Broadway Schafer Bros., 1 Wall Street. Schafer, Leonard, 50 Broadway. Schafer, Myron, 120 Broadway. Schatzkin, Loewi & Co., 30 Broad Street Schatzkin, William, 30 Broad St. Scheftel, Herbert, 42 Broadway. Schirmer, Atherton & Co., 79 Milk St., Boston, Mass. Schoellkopf & Co., 70 Niagara St., Buffalo, N. Y. Scholl, Thomas F. Jr., 120 Broadway. Scholle Brothers, 40 Wall St. Scholle, William D., 40 Wall St. Schreiber, Otto A., 65 Broadway. Schreiber, Pierrepont D., 50 Broadway. Schubert, George C., 40 Wall St. Schwabacher & Co., 600 Market St., San Fran cisco, Calif. Schwabacher, Herman S., 25 Broad St. Schwartz, Herman, 39 Broadway. Schweppe, E. Poynter, 39 Broadway. Scott & Stringfellow, P. O. Box 1575, Richmond, Va. Scott, Harold W., 47 Broad St. Scranton, Chas. W., & Co., 209 Church St., New Haven, Conn. Seaman, Henry Brevoort, 42 Broadway. Seasongood & Haas, 63 Wall Street. Seeley, Nathaniel S., 71 Broadway. SELIGMAN & CO., J. & W., 54 Wall Street. Sellgman, G. & A.. 42 Broadway. Seligman, James, 30 Pine St. Seliasbere & Co. 50 Broad Street. Sesselberg, Arthur W., 50 Broadway. Shaskan Brothers, 39 Broadway Shaskan & Co., 39 Broadway Shaw, George W., Ill Broadway. Shea & McMannus, 15 Broad Street Shearscn, Hammill & Co.. 14 Wall St. Sheridan, James E., 20 Exchange Place. Shethar, John B., 120 Broadway. Shields & Company, 44 Wall Street. Shippee & Iiawson, 111 Broadway. Shuman & Co., 25 Broad Street. Sichel, Eugene A., 120 Broadway. Sidenberg, George M., 25 Broad St. Siegel, Isaac, 61 Broadway. Silberberg, D. H. & Company, 63 Wall Street. Simmons & Co.. E. H. H., 52 Broadway. Simmons & Peckham, 40 Wall St. Simmons, Zalmon G. Jr., 67 Exchange Place. Simon, I. M., & Co., 315 N . 4th St., St. Louis, Mo. Simonds, Robinson, 52 Broadway. Sincere, Charles & Co., 231 S. La Salle St., Chicago, Ill. Singer, Deane & Scribner, Union Trust Bldg., Pittsburgh, Pa. Sinsheimer, Alex. L., 1 Wall St. Sisto & Co., J. A., 68 Wall Street. Slater, Robert V., Ill Broadway. Slaughter & Russell, 65 Broadway Slepack & Co., 25 Broadway. Smith, Bernard E., 52 Wall St. Smith, Bert V., 20 Broad St. Smith, Frank & Co., 120 Broadway Smith, Kenneth R., 11 Wall St. Smith, Lyman D., 61 Broadway. Smith, Ralph C., 115 Broadway. Smith & Co., Edward B., 31 Nassau Street Smith & Gallatin, 115 Broadway. Smith & Williams, 30 Pine St. SMITHERS & CO., F. S., 15 Broad Street. Sneckner & Heath, 63 Wall St. Snedeker, Chas. V., & Co., 1 Wall St. Snyder, Clayton, 39 Broadway. Snyder, Wilson & Co., 408-10-12 Madison Ave., Toledo, Ohio. Somers, Arthur G., 50 Broadway. Sonn, Herbert H., 50 Broadway. Soucy, Swartswelter & Co., Union National Bk. Bldg., Youngstown, Ohio. Southgate & Co., 10 Post Office Sq., Boston, Mass. Spalding, Philip, 30 Broad St. Sparks, J. W. & Co., 50 Broadway. Sperber, Benjamin, 40 Wall St. Spero & Co., 120 Broadway SPEYER & CO., 24-26 Pine Street. Spielman, David B., 39 Broadway. Spingarn & Co., Leopold, 29 Broadway. Sprague, Raymond, 39 Broadway. Stackpole & Buchanan, 120 Broadway. Stafford, Wm. F. Jr., 20 Exchange Place. Stafford & Co., 20 Exchange Place. Stanton & Co., 52 Wall Street. Starr, William T., 61 Broadway. Stebbins, Ernest Vail, 42 Broadway. Stebbins, H. Lyman, 42 Broadway. Stein, Brennan & Co., 211 S. La Salle St., Chicago, Ill. STEIN BROS. & BOYCE, 39 Broadway. Steiner, Rouse & Company, 25 Broad Street. Stern & Co., Allison, 25 Broad St. Stern Brothers, 39 Broadway STERN, KEMPNER & CO., 14 Wall St. Sternberger, Henry S., 1 Wall St. Stevens & Legg, 120 Broadway. Stevens, William D., 47 Broad St. Stewart, Charles E., 63 Wall St. Stewart, John A., 3rd, 120 Broadway. Stewart, William D. Jr., 42 Broadway. Stokes, Hoyt & Co., 1 Wall Street. Stone, Howard R., 60 Broadway. Stout & Co., 25 Broad Street. Stout, Bayard Dominick, 47 Broad St. Strassburger & Co., 133 Montgomery St., San Francisco, Calif. Strasser, Robert, 42 Broadway. Straus, Ferdinand A., 50 Broadway. Straus, Jack O., 1 South William St. Further information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1663 NEW YORK -Continued MEMBERS Strauss, Max, 120 Broadway. Strauss, Phillips & Co., Ill Broadway Stroock, Stephen J., 120 Broadway. Struthers & Dean, 40 Wall Street. Strays & Jones, 20 Exchange PI. Sulzbacher, Granger & Co., Ill Broadway Sutro & Co., 407 Montgomery St., San Francisco, Calif. Sutro I?ros. & Co., 120 Broadway Sweetser & Hurt, 15 Broad St. Swinnerton, Radcliffe, 66 Beaver St. Tailer & Robinson, 48 Wall Street Talbot & Company, 11 Wall Street Talcott, Potter & Co., 26 Broadway Tate & Hays, 71 Broadway Taylor & Delany, 50 Broadway Taylor, Bates & Co., 48 Wall Street Taylor & Co., W. R. K., 120 Broadway Tefft & Company, 24 Broad Street Tenney & Co., 200 Devonshire St., Boston, Mass. Thaw, Lawrence Copley, 20 Pine St. Thiele, Waiter, 120 Broadway. Thomas, Richard Russell, 47 Broad St. Thomas & Griffith, 44 Wall St. Thomson & McKinnon, 11 Wall Street Thorne IF. B.) & Co., 120 Broadway. Thurnauer, Arthur F., 165 Broadway. Tierney, Andrew J., 50 Broadway. Tifft Brothers, Third National Bank Bldg., Springfield, Mass. TIMMINS & COMPANY, J, R., 61 Broadway. Tobey & Co., 25 Broadway. Tobey & Kirk, 25 Broad Street Tobias, W. Eldridge, 50 Broadway. Toerge & Schiffer, 15 Broad Street Toolin & Co., 52 Wall Street Townsend, Anthony & Tyson, 15 State St., Boston, Mass. Townsend, Graff & Naumburg, 29 Broadway. Trask & Co., Spencer, 25 Broad Street. Travers, Clark and Taylor, 120 Broadway Travers, Leo B., 50 Broadway. Trimble & Co., 1326 Walnut St., Philadelphia, Pa. Tucker, Anthony & Co., 120 Broadway Turner, Wallis S., 71 Broadway. Turnure & Co., Lawrence, 1 Wall Street Tweedy, Edmund R., 25 Broad St. Untermeyer, Milton F., 60 Beaver St. Vachio, Frank A., 42 Broadway, van Daell, Paul A. H., 50 Broadway. Vaughan & Company, 50 Broadway Vercoe & Co., Huntington Bank Bldg., Columbus, Ohio. Vernon, Miles H., 1 Wall St. Vesce, Anthony P., 15 Broad St. Vesce, Joseph V., 71 Broadway. Victor, Common & Co., Marine Trust Bldg., Buffalo, N. Y. Vilas & Hickey, 49 Wall Street Vogel, Arthur J., 30 Pine St. Wadsworth, Willard, 1 Wall St. Wagner, Stott <Sc Co., 19 Rector Street Wainwright & Co., H. C., 15 Broad Street Wainwright, Luce and Nettleton, 52 Wall Street Waldheim, Platt & Co., 308 N. Eighth St., St. Louis, Mo. Waldron, William A., 47 Broad St. Walker Brothers, 71 Broadway Walker & Co., G. H., 1 Wall Street Walker & Sons, Joseph, 120 Broadway Wallace & Co.. J. K.. 149 Broadway Waller & Co., 61 Broadway Warburton, Wm. John, 60 Broadway. Ward, Charles J., 48 Wall St. Ward, Gruver & Company, 40 Exchange Place. Ware & Keelips, 19 Rector Street Wratling, Lerchen & Hayes, 334 Buhl Bldg., Detroit, Mich. Watson, Armstrong & Co., 24 Broad Street Watson, Charles F. Jr., 30 Broad St. Watson & Co., T. L„ 40 Wall Street WATSON & WHITE, 149 Broadway Watts, Ridley, Jr., 50 Broadway. Weekes, Harold H., 14 Wall St. Weicker & Co., 1 Wall Street Weil, Arthur C., 25 Broad St. Weingarten & Co., 29 Broadway. Weisl & Co., Edwin, 52 Wall St. Welch, Francis W., 25 Broad St. Welles. C. E. & Co., 25 Broadway. WELLINGTON & CO., 120 Broadway Wenman & Brown, 54 Wall Street. WERTHEIM & CO., 120 Broadway Westheimer & Co., 324 Walnut St., Cincinnati, Ohio. Whaley, Frederick C„ 11 Wall St. Wharton, Richard T., 120 Broadway. Wheeler, Arthur E., 48 Wall St. White, Frederic N., 47 Broad St. White, Weld & Co., 40 Wall Street White & Stanley, 40 Wall Street Whitehead, Edward R., 52 Broadway. Whitehouse & Co., 1 Wall St. W'hitman, Herbert S., 47 Broad St. Whitney & Sons, H. N., 49 Wall Street Whitney & Co., Richard, 15 Broad Street Whitney & Elwell, 30 State St., Boston, Mass. Wilcox & Co., 40 Wall Street Wilder, George H., 1 Wall St. Willett, George, 1 Wall St. Williams, Blair S. & Co., 25 Broad Street Williams & Co., Clark, 160 Broadway Williston & Co., J. R., 115 Broadway. Wilmerding & Co., 120 Broadway. Winmill & Greene, 1 Wall St. Wilson, Alanson H. R., 2 Wall St. Wilson, Franklin B„ 115 Broadway. Wilson, Wm. L., 42 Broadway. Winthrop, Robert.& Co., 48 Wall Street Winthrop, Mitchell & Co., 26 Broadway Witter, Dean & Co., 486 California St., San Francisco, Calif. Wollman & Co., W. J., 120 Broadway Wood, A. C., Jr. & Co., 511 Chestnut St., Phila delphia, Pa. Wood, Low & Company, 63 Wall Street Wood, Struthers & Co., 20 Pine Street Woody, Charles L. Jr., 40 Wall St. Worden, J. Lorimer, 30 Broad St. Worthington, George L., 50 Broadway. Wrenn Bros. & Co., 30 Broad Street Wreszin, Henry M., 42 Broadway. Wright, A. J., & Co., Erie County Bank Bldg., Buffalo, N. Y. Wright & Sexton, 1 Wall Street Wurts, Dulles & Co., 1416 Chestnut St., Phila delphia, Pa. Wyckoff, Edward G., & Co., 1528 Walnut St., Philadelphia, Pa. Wyle, John J., 42 Broadway. Yarnall & Co., 1528 Walnut St., Philadelphia, Pa. Young, Charles F., 11 Broadwav. Young, Clarke & Co., 215 W. 7th St., Los Angeles, Calif. Young, Kolbe & Co., 120 Broadwav Young, T. Sloan, 14 Wall St. Zeltner (C. F.) & Co., 115 Broadway. Zucker, Arthur A., 1 Wall St. Zuckerman, Henry & Co., 52 Broadway OHIO CINCINNATI Officers: Guy D. Ballmann, Treasurer-, Charles H. Steffens, Jr., Secretary SCHEDULE OF RATES OF COMMISSION There shall be charged the following commissions: FRACTIONAL SHARES There shall be charged a Commission not less than 50 cents on fractional ON STOCKS shares. Price Rate Per Share As to stocks and rights which are listed on the New York Stock Exchange, Selling under $1.00 per share__________ ,........... ............. Not less than 3c the Commission shall not be less than are provided by the rules of the New Selling at $1.00 per share and below $5.00 per share__ Not less than 7Hc York Stock Exchange. Whenever the Board of Trustees, however, deems Selling at $5.00 per share and below $10.00 per share..Not less than 15c it advisable to do so, they may designate any security listed on the Cincinnati Selling at $10.00 per share and below $150.00 per share.Not less than 25c Stock Exchange and any other principal exchange, in which the Commission Selling at $150.00 per share and below $200.00 per share.Not less than 50c shall not be less than are provided by the rules of such other Exchanges. Selling at $200.00 per share and below $300.00 per share.Not less than $1.00 RATES TO MEMBERS—GIVE-UPS. On stocks listed only on the Selling at $300.00 per share and below $400.00 per share.Not less than $1.50 Cincinnati Stock Exchange the commission shall not be less than the rate Selling at $400.00 per share and over_________ ______ Not less than $2.00 given below: c t Rate per share Selling under $1.00 per share---------------------------- as mutually agreed upon MINIMUM COMMISSION ON STOCKS Selling at $1.00 but under $5.00_____ Not less than lc Selling at $5.00 but under $10.00............... Not less than 3c Provided, however, that on every transaction which involves an amount Selling at $10.00 and above__________ ____ __________ Not less than 4c of $15.00 or more, the minimum commission shall be not less than $2.50. On stocks listed jointly on the New York and Cincinnati Stock Exchange A transaction which involves under $15.00, the minimum commission shall the commission shall not be less than the rates given below: be as determined by the broker. There shall be charged the following Commission: c j „„ , Rate per share Selling under $1.00 per share---------------------------- as mutually agreed upon Selling at $1.00 but under $5.00...... Not less than lc Selling at $5.00 but under $10.00....................... Not less than 2c ON RIGHTS AND WARRANTS Selling at $10.00 and over................................................ Not less than 2V,c Price Rate Per Right RATES TO MEMBERS—CLEARANCE BUSINESS. On business, or Warrant when the principal is not given up, the commission shall not be less than Selling under 50c______________________ ____ (as mutually agreed upon) one-half of the non-member rates. Selling at 50c but under $1.00.................... Not less than 3c ON RIGHTS AND WARRANTS Selling at $1.00 but under $5.00............................................ Not less than 5c On business for members of the Exchange, the commission on rights and Selling at $5.00 but under $10.00......... ..Not less than 7)^c warrants shall be the same as on stocks, except in the case of rights and Selling at $10.00 and above................. Not less than 15c warrants selling below $100 on which the commission may be mutually agreed upon. ON BONDS MINIMUM COMMISSION ON RIGHTS AND WARRANTS On business for members the Commission on Bonds shall not be less than Provided, however, that on every transaction which involves an amount 40 cents per $1,000 par value of Bonds. of $5.00 or more, the minimum Commission shall be not less than $1.00. BONDS. The Commission charge on all bonds, except that of U. S. A transaction which involves under $5.00, the minimum Commission shall Bonds, is one-quarter of one per cent on the par value. The Commission be as determined by the broker. charge on U. S. bonds is one-eighth of one per cent. Ashbrook, H. Raymond, 3577 Raymar Ave. ASSEL, GOETZ & MOERLEIN, INC., 218 Provident Bank Bldg. BALLINGER & CO., Union Trust Bldg. Bartlett, Benj. D. & Co., 313 Vine Street. J. L. Barth Co., Fourth National Bldg. Edward Brockhaus & Co., Union Trust Bldg. Bruner, George, 3010 Observatory Central Trust Co., 4th & Vine Streets Cohle & Tyree Co., 711 Union Trust Bldg. Dominick & Dominick, Mercantile Library Bldg. Duble, Dennison, 403 First Nat’l. Bldg. MEMBERS Dunlap, T. Oliver, 407 Mercantile Library Bldg. Ellwood, Cree H., 314 W. 4th St., Covington. Eustis, Geo. & Co., 810 Fourth National Bank Bldg. Field, Richards & Shepard, Inc., 1124 Union Central Bldg. Fox & Chambers, Inc., Fourth Nat’l. Bk. Bldg. Gradison, W. D. & Co., 408 Dixie Terminal Bldg. Greene & Brock, 301 Third Nat’l. Bk. Bldg., Dayton. Harvey, M. C., Cleveland. Hill & Co., Carew Tower, Hunter, W. T., 908 Union Central Bldg. Hutton, W. E. & Co., First National Bank Bldg. IRWIN BALLMAN CO., THE, First National Bank Bldg. Irwin, E. U., 215 Fourth Nat’l. Bk. Bldg. Jaspers, J. G., First Nat’l. Bk. Bldg. Lepper, A. & Co., 309 First National Bank Bldg. MURRAY, C. C. & CO., 706 Union Trust Bldg. Reiter & Co., C. H., Union Trust Bldg. Stephenson & Potter, Union Central Bldg. Thurnauer, Max, 504 First Nat’l. Bk. Bldg. Van Lahr, Leo. Ed., 415 Provident Bk. WEIL, ROTH & IRVING CO., THE, 217 Dixie Terminal Bldg. Westerfield, Ralph, 923 Union Trust Bldg. Westheimer & Co., First National Bank Bldg. Further information on firms appearing In bold face type will be found in the selected list of Investment Dealers following bank list in each city https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1664 CLEVELAND Officers: Gordon S. Macklin, President; Prices Stocks Selling Under $1 $ Minimum commission $1.00 1 and up to and including 10 25 50 125 300 500 9 54-------------------- and up to and including 24 74 ____________ and up to and including 4974 ......................... and up to and including 12474.......................... and up to and including 29974......................... and up to and including 49974 ......................... and over--------------------- -------------- ----------Minimum commission $2.00 C. B. Whitcomb, Secretary, Percy W. Brown, Vice-President; David G. Skall, Treasurer SCHEDULE OF COMMISSION KATES Commission BONDS per Share Commission on bonds—$2.50 per $1,000, with a minimum commission 3c of $2.00. . 774c Exception—On bonds maturing within two years the commission shall be 15c 25c $1.25 per $1,000, with a minimum commission of $2.00. 30c 50c Stocks listed on both the Cleveland and New York Stock Exchanges, the 75c rate of commission of the respective exchanges whichever is lower shall $1.00 apply on sales of such stocks on the Cleveland Stock Exchange. MEMBERS Bache & Co., J. S., 200 National City Bldg. *Bahl, Jr., Gaylord W., 105 Mohican Bldg., Mansfield, O. *Bell & Beckwith, Home Bank Bldg., Toledo, O. Borton & Co., 810 Hanna Bldg. Butler, Wick & Co., Union National Bldg. Clark & Co., 981 Union Trust Bldg. *Collin, Norton & Co., Gardner Bldg., Toledo, 0. Curtiss, House & Co., 1201 Union Trust Bldg. Fenner & Beane, Leader Bldg. GILLIS, WOOD & CO., 1838 Union Trust Bldg. Will S. Halle & Co., 511 Swetland Bldg. Hayden, Miller & Co., 1250 Union Trust Bldg. Hornblower & Weeks, 1040 Union Trust Bldg. Jackson & Curtis, 1737 Union Trust Bldg. Kraus. Cunningham & Co , 1846 Union Trust Bldg. Merrill, Hawley & Co., 1682 Union Trust Bldg. Murch &Co. Maynard H., 1186 Union Trust Bldg. Murfey, Blossom & Co., 901 Guardian Bldg. Paine, Webber & Co., 1111 Terminal Tower Bldg. E. A. Pierce & Co., 215 Cuyahoga Bldg. Schultz & Co., L. J„ 736 Union Tr. Bldg. (Associate Members*) David G. Skall & Co., 2031 Union Trust Bldg. W. S. Snyder & Co., 2027 Union Trust Bldg Soucy, Swartswelter & Co., Union Nat’l Bldg. Youngstown, Ohio. Stanley & Co., 1740 East Twelfth St. ♦Stevenson, Vercoe, Fuller & Lorenz, Huntington Bank Bldg., Columbus, O. ♦Vercoe & Co., Huntington Bk. Bldg., Columbus. Wellsted, Macklin & Co., 1280 Union Trust Bldg Witt, John P. & Co., 2008 Union Trust Bldg. PENNSYLVANIA PHILADELPHIA Officers: Howard Butcher, Jr., President; B. Frank Townsend. Jr., Vice-President; Frank C. Matthews, Secretary; Frederick P. Ristine, Treasurer; John R. Huhn, Jr., Assistant Secretary and Assistant Treasurer; Thomas B. Gravatt, Auditor. COMMISSION BONDS Bonds and notes having over one year to run, not less than $2.50 for each $1,000 par value. ...... , .. Bonds and notes having one year or less to run, and obligations of the United States, Porto Rico, Philippine Islands and States, Territories and Municipalities therein, and Bonds or Notes of Foreign Countries having five years or less to run, such rates of commission to members and non-members as may be mutually agreed upon. STOCKS Price Kate Per Share Selling under 50c_______________________________ As mutually agreed Selling at 50c and above, but under $1.00................... ..Not less than 3c Selling at $1.00 and above, but under $10.00 —........... Not less than 774c Selling at $10.00 and above, but under $25.00................Not less than 1274c Selling at $25.00 and above, but under $50.00------------Not less than 15c Selling at $50.00 and above, but under $75.00............... Not less than 1774c Selling at $75.00 and above, but under $100.00............. Not less than 20c Selling at $100.00 and above, but under $200.00........... Not less than 25c Selling at $200.00 and above, but under $250.00........... Not less than 30c For each $50.00 increase in price 5c per share additional. KATES STOCK SUBSCRIPTION RIGHTS Price Rate Per Right Selling under 50c............................................................... As mutually agreed Selling at 50c and above, but under $1.00______________Not less than 3c Selling at $1.0o and above, but under $5.00____ _____ ..Not less than 5c Selling at $5.00 and above, but under $10.00......... ......... Not less than 774c Selling at $10.00 and above........ ................ ....... ........... ..... Not less than 15c The minimum commission on any transaction for nonmembers shall be $1.00. Exception to Commission Rates, effective February 4, 1932: Members are permitted to charge a commission equal to that in force in any dual market in which a security is traded. MEMBERS Ashton, Augustus Trask, 1312 Finance Bldg. BACHE, J. S., & CO., Pennsylvania Bldg. Baker, Weeks & Harden. Commercial Trust Bldg. Banks, Clayton F., 123 So. Broad St. Barclay, Henry C., 123 So. Broad St. Barclay, Moore & Co., 123 S. Broad Street. Barney, Chas. D., & Co., 1428 Walnut Street. Bayuk Brothers, Packard Bldg. Bean, Chas. H., & Co., 1528 Walnut Street. Belzer & Co., Land Title Bldg. Bernstein, Harry L„ 518 Stock Exchange Bldg. Biddle & Co., Moncure, 1520 Locust Street. Biddle, Whelen & Co., 1606 Walnut St. Bioren, John S., 1508 Walnut Street. BIOREN & CO., 1598 Walnut Street. Boenning & Co., 1606 Walnut Street. Brown, Howard B., 1830 Land Title Bldg. Brown (Vernon C.) & Co., 71 Broadway, New York, N. Y. BROWN BROTHERS HARRIMAN & CO., 1531 Walnut St. Bryan, Penlngton & Colket, 123 S. Broad St. Brylawski, Edward L., 1611 Walnut St. Buckley Brothers, 1529 Walnut St. Butcher & Sherrerd, 220 Real Estate Trust Bldg. Canby, Wm. Marriott, 1440-42 Land Title Bldg. Carstairs & Co., 220 So. 16th St. Cherry, Robert, Jr., 113 So. Fifth St. Clark, E. W„ & Co., 16th and Locust St. Clay, William J., 6550 Martins Mile Road. Clucas, (E. W.) & Co., 70 Pine St., New York, N. Y. Cochrane, Alexander, Real Estate Bldg. Coleman, Horace C., 123 So. Broad St. Conklin, Roscoe C, 518 Stock Exchange Bldg. Cook, Elmer A., 559 Rutherford Ave., Trenton, N. J. Oackerman & Waber. 517 Stock Exchange Bldg. Davis, Robert Hare, 824 Stock Exchange Bldg. DeHaven & Townsend, 1415 Walnut Street. Diffenderffer & Co., 1611 Walnut Street. Dixon & Co., 1411 Chestnut Street. Donahue, Daniel C., Jr., 123 S. Broad St. DREXEL & CO.. 15th and Walnut Streets. Drummon, Chester W., 925 Stock Exchange Bldg. Eastman, Dillon & Co., 1506 Walnut St. Elkins. Morris & Co., 305 Land Title Bldg. Embick, Paul A., 518 Stock Exchange Bldg. Emory, Freed & Co., 109 S. 3rd Street. Fearon, Charles, 511 Chestnut St. Fernberger, Henry, 2nd, 543 Real Estate Trust Bldg. Flynn, Bernard J., 46 No. 40th St. Fox, Geo. S., & Sons, 1600 Girard Trust Bldg. French, E. W., & Co.. 123 S. Broad Street. Fuller. W. A. M.. & Co., 1510 Chestnut Street. Garber, F. W„ & Co.. 115-117 S. 5th Street. Gayley, McCreary & Co.. 817 Packard Bldg. Gilmore, Arthur C., 1420 Walnut St. Glendinning, Robt.. & Co., Packard Bldg. Goldman, Harold C., 518 Stock Exchange Bldg. Graff, Frank M„ 1508 Walnut St. Graham, Parsons & Co., 1422 Walnut St. Greene, Norman J., Berwyn, Pa. Greenwood, Herbert T., 518 Stock Exchange Bldg. Greer, Thomas Raymond, 512 Stock Exchange Bldg. Guarniery, Robert Y., 518 Stock Exchange Bldg. Hammitt & Co., 602 Phila. Stock Exchange Bldg. Hamstrom & Co., 209-10 Real Estate Trust Bldg. Harper, James B., Stock Exchange Bldg. Harrison & Co., 123 S. Broad Street. Hauberger, George H., 609 Stock Exchange Bldg. Hayden, Stone & Co., 25 Broad St., New York, N. Y. Hecker & Co., Liberty Trust Bldg. Hibbs (W. B.) & Co., Hibbs Bldg., Washington, D. C. Hopper, Soliday & Co.. 1420 Walnut St. Hornblower & Weeks, 1429 Walnut Street. Huhn, John R., Jr., Stock Exchange Bldg. Hutton & Co., W. E„ 1529 Walnut St. Janney, Walter C., 1529 Walnut St. Jefferis, W. Harper, 1518 Walnut St. Jenks, Gwynne & Co., 65 Broadway, New York, N. Y. Jones, Miller & Co., Commercial Trust Bldg. Kahn, Jacob C., 709 Provident Trust Bldg. Kelly, James J., 1611 Walnut St. Kemble, Francis W., 1428 Walnut St. Kennedy & Co., 1200-01 Land Title Bldg. Kolb, Robert A., 1608 Walnut St. Ladenburg, Thalmann & Co., 25 Broad St., New York, N. Y. Laird, Bissell & Meeds. 1528 Walnut Street. Lawson, W. L., Union League. Lee, John K., 1411 Walnut St. Levitt & Co., Howard J., 1528 Walnut St. LILLET, & CO., 1520 Packard Bldg. Lippincott, Richard, 1500 Walnut St. Loeb, Oscar, 824 Stock Exchange Bldg. MacDonald & Co., 234 Real Estate Trust Bldg. MacMeekin & Co.. 123 S. Broad Street. Malis, David S., 805 Land Title Bldg. Matthews, Frank C., Stock Exchange Bldg. Matthes, Percy E., 305 Land Title Bldg. Matthews, Caldwell F., 1411 Walnut St. McCreery, Samuel & Co., 123 S. Broad Street. McCurdy, Wallace M., 1237 Commercial Trust Bldg. McLaughlin, W. J. & Co., 506-7 Stock Exchange Bldg. Mellor E. Fraley, 518 Stock Exchange Bldg. Montgomery, Scott & Co., 123 S. Broad Street. Moore, E. J., & Co., 141 South Fourth Street. Moore, Leonard & Lynch, 111 Broadway, New York. Moorhead, Barlow, Germantown Cricket Club. Morgan, Reed A., & Co., 1735 Commercial Trust Bldg. Moyer & Co., 1500 Walnut Street. Newbold’s Son, W. H., & Co.. 1517 Locust Street. Newburger, Loeb & Co., 1419 Walnut Street. Further information on firms appearing in bold face type will be found in tbe selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1665 PHILADELPHIA—Continued MEMBERS Nick, (J. F.) & Co., 120 Broadway, New York. Palmer & Co., E. W., 334 Commercial Trust Bldg Parke, John S., 925 Stock Exchange Building. Parrish & Co., 212 South 15th Street. Phillips, Samuel E., 4732 Osage Ave. Phillips, Samuel K„ & Co., 1317 Packard Bldg. Powell, A Victor, 6205 Ocean Ave.,Ventnor, N. J. Priory, J. Albert, 169 S. Main St., Hightstown N. J. Rakestraw, Edward Hyde, 123 S. Broad St. Rebre, Charles A., 403 Stock Exchange Bldg. Richards & Co., Real Estate Trust Bldg. Ristine, F. P., & Co., 123 S. Broad Street. Roeller, Charles B., 220 S. 16th St. Rosenbaum, Leon, 1744 Market St. Rowe, Robert G., 1429 Walnut St. Sailer, A. J. & Co., 113 S. 5th Street. Seeler & Co., 435 Chestnut St. Sloane & Co., Stock Exchange Bldg. Smith, Edward B„ & Co., 1411 Chestnut Street. Smith, W. Hinckle, 803 Weightman Bldg. Snyder, Geo. E., & Co., 600-601 Phila. Stock Ex change Bldg Sparks, J. W„ & Co., 1510 Chestnut Street. Spiegelman, Solomon B., 518 Stock Exchange Bldg Starr & Co., 123 S. Broad Street. Starr, Isaac, 123 So. Broad St. Stephenson, George H., Stock Exchange Bldg. Steppacher, Lester G., 403 Stock Exchange Bldg. Strecker, Daniel E., 3451 Frankford Ave. Subin, Benjamin, Lansdale, Pa. Sulzbacher, Granger & Co., Ill Broadway, New York, N. Y. Suplee, Walter S., 925 Stock Exchange Bldg. Sutro Bros. & Co., 120 Broadway, New YorkN. Y. Swab, H. M. & Son, 47 Bourse Bldg. Taylor, Robert D., 925 Stock Exchange Bldg. Taylor, Roland L., 1100 Morris Bldg. Thompson, Edward S., Land Title Bldg. Trimble & Co., 1326 Walnut Street. Turner, Gill & Crouter, 1614 Packard Bldg. Turton, George L., 517 Stock Exchange. Vrooman, Samuel B., Jr., 1411 Walnut St. Wagner, Chas. F., Jr., 1700 Walnut St. Walsh, Frank C., 115 Broadway, New York. Warwick, Arthur D., Stock Exchange Bldg. Watson, Clifford, 1420 Walnut St. Weeks, Henry C., 1520 Locust St. Wells, Charles C., 609 Stock Exchange Bldg. Wheeler & Co., 1100 Girard Trust Bldg. Wilmer & Co., 123 S. Broad St. Wistar, Carter & Co., 1735 Commercial Trust Bldg. Wolf Bros. & Co., 1700 Walnut Street. WOOD, A. C., JR., & CO., 511 Chestnut St. Wood, Charles M., 1415 Walnut St. Woodside, J. Alan, 403 Stock Exchange Bldg. Wright & Sexton, 1 Wall St., New York, N. Y. Wurts, C. S. & Co., 1327 Walnut Street. Wurts, Dulles & Co., Philadelphia Bank Bldg. Wyckoff & Co., Edward G., 1528 Walnut Street Yarnall & Co., 1528 Walnut Street. PITTSBURGH Officers: R. S. Richards, President; Samuel Carothers, Vice-President; Wm. J. Bauer, Treasurer; Arthur Middleton, Manager Clearing House Paul W. Leitch, S ecretary RATES OF COMMISSION The minimum rates of commission charged to nonmembers of the Exchange for buying or selling each $1,000 bond shall be not less than $2.50 (these commissions shall not apply to government, state or municipal bonds or bonds and notes having five (5) years or less to run); for buying or selling each share of stock, shall be not less than as follows: Stocks selling under 50c a share.................................. ............................3% * Stocks selling at 50c and under $1.00.....................................................03 Stocks selling at $1.00 and under $3.00..................................................04 Stocks selling at $3.00 and under $10.00................ .075 Stocks selling at $10.00 and under $25.00................... .125 Stocks selling at $25.00 and under $50.00.......................................... .15 Stocks selling at $50.00 and under $75.00............................................... 175 Stocks selling at $75.00 and under $100.00............... ................... ........20 Stocks selling at $100.00 and under $200.00............................................ 25 Stocks selling at $200.00, $0.15 per share additional, and for each advance of $100.00 in the selling price, an additional $0.15 per share. A minimum commission of not less than $1.00 shall be charged on all transactions. Commission for buying or selling memberships in the Exchange shall be 1% of the price. * 3% of the amount involved. MEMBERS Anderson, J. Willard, Union Trust Bldg. Askin, George K., Union Trust Bldg. Askln & Company, J. M., Columbia Bk. Bldg. BACHE & CO., J. S., Oliver Bldg. Ballard & Co., W. E., Keystone Bk. Bldg. Barbour & Company, John B„ Magee Bldg. Berberich, Alvin F., Perrysville, Pa. Berger, Andrew B„ c/o Potter Title & Trust Co. Boleky, L. S., Union Trust Bldg. Borntraeger, Carl H., 229 Fourth Ave. Brinham, A. L., 229 Fourth Ave. Brinker.Bell & Co., Union Trust Bldg. Burt, Jr., Wm. N., 229 Fourth Ave. Carothers & Company, James, Union Bank Bldg. Chapin & Co., S. B., Ill Broadway, New York. Chaplin & Co., S. B., 419 Wood St. Core, Jr., J. Calvin, Uniontown, Pa. Crawford, Jas. S„ Duquesne, Pa. Davidson, William T., 226 Fourth Ave. Diehl, George, 61 Carrick Ave. Diffenderfer, Fred, 229 Fourth Ave. Dinkey, Jr., Chas. E., 229 Fourth Ave. Dixon, Joseph M., 437 Fourth Ave. Dornberger & Co., C. S„ 229 4th Ave. Duckham & Co., W. A., 246 Union Trust Bldg. Edmundson, Jr., Eli, Columbia Bank Bldg. EDWARDS & COMPANY, H. S., Union Bank Bldg. Evans, Sanford B., 229 Fourth Ave. Fenner & Beane, 67 Broad St., New York, N. Y. Floyd, Fred, Union Trust Bldg. Foster & Company, Bayard, 244 Oliver Bldg. Giles & Co., R. C., Columbia Bank Bldg. Gillespie, I. L., 1727 Grant Bldg. Glendinning & Co., Robt., Packard Bldg. Gluck, Hetzel & Co., Arrott Bldg. Goldsborough & Co., W. W., Union Bank Bldg. Goldsborough, Jr., W. W„ 229 Fourth Ave. Gulland, H. C., 229 Fourth Ave. Hall, Cherry, Wheeler & Co., Rand Bldg., Buffalo, N. Y. Harriman & Co., Henry A., Farmers Bank Bldg. Hays, Louis B., 1001 Keystone Bank Bldg. Hemphill, Noyes & Co., 15 Broad St., N. Y. Hornblower & Weeks, Cleveland, Ohio. Howley, Walter L., Club Floor, Wm. Penn Hotel. Hubbard, John W., 605 Granite Bldg. Kane, John A., Columbia Bank Bldg. Kay, Richards & Company, Union Trust Bldg. King, Jr., W. C., Union Bank Bldg. Kissane, James V., 229 Fourth Ave. Kuhn, G. C., 229 Fourth Ave. Marshall & Co., 229 Fourth Ave. MASTEN & COMPANY, A. E., First Nat’l Bank Bldg. McClure, F. E., 216 Fourth Ave. McCutcheon, McKelvy & Durant, Union Trust Bldg. McCutcheon, W. A., Arrott Bldg. McJunkin, Patton & Company, 414 Union Bank Bldg. Mitchell & Craft, Washington, Pa. Moore, Leonard & Lynch, Union Trust Bldg. Moreland, A. M., First Nat’l Bank Bldg. Morris, Brown & Company, 316 Fourth Ave. Murray, James J., Commonwealth Bldg. Neeb, Jr., H. A., 340 S. Winebiddie Ave. Noll & Co., I. D„ 50 Broad St., N. Y. Nuttall & Company, R. V., Park Bldg. Parker, Harry Sheldon, Union Trust Bldg. Parrish & Company, Investment Bldg. Phillips-Schmertz & Co., Union Trust Bldg. Post & Flagg, 49 Broad St., New York, N. Y. Poutre, Ezra E., Arrott Bldg. Preston, Watt & Schoyer, Union Bank Bldg. Pugh, Claude F., 571 Moorhead Place. Purman, Thomas R., Washington, Pa. Reilly, Eugene S., 430 Fourth Ave. Reinstadtler, Thomas J., 229 Fourth Ave. Reynolds & Company, Grant Bldg. Roberts, Daniel Risher, 229 Fourth Ave. Robinson & Orr, 248 Fourth Ave. Rosenbloom, Arthur M., Diamond Bank Bldg. Russell, John McD., 77 Union Trust Bldg. Schmidt, H. R., Union Trust Bldg. Singer, Deane & Scribner, Union Trust Bldg. Siviter, W. H., 229 Fourth Ave. Smith, Lew W., 229 Fourth Ave. Stein, Charles Jay, 1456 Inverness St. Stein, Louis Jay, 1456 Inverness St. Sterling, Louis V., 42 Broadway, New York, N. Y. Stevenson, Vercoe, Fuller & Lorenz, Huntington Bank Bldg., Columbus, Ohio. Stout & Company, Investment Bldg. Sturgeon, John F., Mellon Nat’l Bank Bldg. Sunstein & Co., E., 610 Bessemer Bldg. Tynan, S. M., 610 Bessemer Bldg. Ullery, M. D., Investment Bldg. Vercoe & Co., Huntington Nat’l Bank Bldg., Columbus, Ohio. WELLINGTON & CO., Union Trust Bldg. Werntz, Jas. S. McK. Investment Bldg. Wettach & Company, 218 Fourth Ave. Wettengel & Company, A. C„ Peoples Bank Bldg. Wilson, Robert T., Oliver Bldg. Wilson, Walter J., Penn Ave. and Barbeau St. York, Darwin S., 229 Fourth Ave. Further information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STOCK EXCHANGE MEMBERS 1666 UTAH SALT LAKE CITY Officers: J. A. Barclay, President; I. D. Lowe, 1«< Vice-President; B. W. Dixon, 2nd Vice-President; J. H. Deming, Secretary and Treasurer. E. C. Davies, 3rd Vice-President; COMMISSION CHARGES Stocks selling Stocks selling Stocks selling Stocks selling Stocks selling under lc................................ ...$1.00 per 1,000 shares at lc and under 5c........ ................... ...$1.25 per 1,000 shares at 5c and under 10c----------$2.50 per 1,000 shares at 10c and under 35c----------------------------- Ys cent per share at 35c and under 75c----------------------------- 1 cent per share Stocks selling at 75c and under $1.00________________1J4 cent per share Stocks selling at $1.00 and under $10.00__________ 1}4 per cent on money Stocks selling at $10.00 and above____ _______ 1 per cent on money On last 2 items, on less than board lots............... 2 per cent on money No commission charge of less than One Dollar. MEMBERS Baglin, George, Felt Bldg. Badger, R. A. & Co., 16 West 2nd So. Street. Badger, Richard C„ 2380 Washington Ave., Ogden. Barclay, Featherstone & Co., Newhouse Bldg. Berger, B. M., 67 Wall St., New York, N. Y. Bryan, B. B., 42 Broadway, New York, N. Y. CHILD, BARCLAY CO., Stock Exchange Bldg. Cole, Allen Co., Atlas Bldg. Davies, Badger & Co., 23 W. 2nd So. St. Conrad, W. K., Walker Bank Bldg. Deming, J. H„ Felt Bldg., Salt Lake City. Dixon Co., B. W., Scott Bldg. Doscher, H. W„ Walker Bank Bldg. Finn, Alex V., 25 Beaver St., New York, N. Y. First Security Trust Co., Salt Lake City. Gibson, E. J., Box No 17, Spokane, Wash. Havenor, Pett & Co., Newhouse Bldg. Hogle, J. A. & Co., 132 So. Main Street. Hurley, A. L., Boyd Park Bldg. Larson, A. R., c/o Elks Club, Salt Lake City. Lynch, J. C. & Co., Kearns Bldg. Mandell, J. J„ Beason Bldg. McFann, R. G., U. S. N. Bk. Bldg., Denver, Colo. McLeod, J. N„ 1111 Walker Bk. Bldg. Nebeker, W. D., Stock Exchange Bldg. Snow, V. S., 282 Canyon Road. Ure, Pett & Morriss Inc., Beason Bldg. Thomas, A. B., 208 E. C. Lyon Bldg., Reno, Nev. Walker Bk. & Tr. Co., Salt Lake City. Watson, Geo. H. & Co., 22y2 E. 1st So. St. Weiler, W. S., Stock Exchange Bldg. A. J. West, First Security Trust Co. Whitney, C. L., Stock Exchange Bldg. Woods, Wm. W„ c/o E. A. Pierce & Co., 301 Montgomery St., San Francisco, Calif. Woolley, F. R., Beason Bldg. Zeitlin, Ralph, 712 South Spring St., Los Angeles, Calif. VIRGINIA RICHMOND Officers: E. Addison Rennolds, President; Robert P. Martin, Vice-President; Henry C. S. Patterson, Secretary & Treasurer COMMISSIONS Stocks Selling under 50c____________________________________3% of amount Selling at 50c and under $1.00 per share................................ 5c per share Selling at $1.00 and under $5.00 per share............................ 7J^c Selling at $5.00 and under $10.00 per share.......................... 10c Selling at $10 and under $15 per share--------,.................. 12J^c per share Selling at $15 and under $50------------------------------------ 25c Selling at $50 and under $150------------- --------------------- 50c Selling at $ 150 and over............ ............. ..............................100 BONDS Municipals, public utilities, and rails...................... ............25c per hundred All others............ ....................................................... -.........50c “ “ MEMBERS Abbott, Proctor & Paine, 911 E. Main St. Branch, Cabell & Co., 814 E. Main St. Branch, Thomas & Co., 1101 E. Main Street. Burch, Caskie G. & Company, 1118 E. Main Street. Davenport & Company, 113 E. Main Street. RICHMOND CORP., 899 E. Main Street. Mason-Hagan, Inc., 916 E. Main Street. Miller & Patterson, 203 Mutual Bldg. NOLTING, FRED’K E., INC., 8th and Main Sts. Scott & Stringfellow, Mutual Bldg. Wheat, James C., American Nat’l Bk. Bldg. Williams, John C. & Company, 1107 E. Main St. WASHINGTON SEATTLE Officers: Charles G. Mullen, President; J. F. Lanser, Treasurer; F. K. Easter .Vice-President; Harry J. Markey, Secretary; Charles T. Donworth, Counsel. RATES OF COMMISSION At $150.00 and over per share, the commission shall be increased 50# for each $50.00 or fraction thereof increase in selling price. The minimum charge shall be $5.00. On Stocks Selling: Share Charge Under $1.00 per share.......................................................... 5* $2.50 On all transactions where the total amount of money involved is less than $25.00, the commission charge shall be discretionary with the member. At $1.00 and under $2.50 per share....................................... 12M# 2.50 At $2.50 and under $5.00 per share..................................... 15# 5.00 In no case need the commission on warrants and/or rights selling under 5.00 At $5.00 and under $25.00 per share................................... 25e fifty cents exceed 5% of the money involved in the trade. At $25.00 and under $50.00 per share................................. 50# 5.00 Per Minimum At $50.00 and under $75.00 per share................................. 75# At $75.00 and under $100.00 per share............................... $1.00 At $100.00 and under $150.00 per share............................. $1.50 5.00 5.00 5.00 BONDS $5.00 per $1,000 par value or fraction thereof. MEMBERS Blackford, John C., Hoge Bldg. Bramhall & Steain, 1105 Hoge Bldg. Brown-Jeklin Co., Exchange Bldg. Drumkeller, Erlichman & White, Exchange Bldg. Easter & Co., F. K„ 717 Second Ave. East Waterway Dock Co., 208 Exchange Bldg. Erwin-Fairbanks & Co., Second and Seneca. Ferris & Hardgrove, Exchange Bldg. First National Co., Second and Columbia. Fix A Co., William H., Dexter Horton Bldg. Grande, Stolle & Co., 1605 Hoge Bldg. Greening & Co., Thos. B., 816 Second Ave. Harper & Son, Wm. P., Hoge Bldg. Hartman & Hartman, Burke Bldg. Herrin & Co.. H. M., Exchange Bldg. Hughbanks, Inc., Dexter Horton Bldg. Huston & Co., Harold, Hoge Bldg. Kutz & Co., John A., 1010 Second Ave. Lanser, Agnew & Lawton, Inc., 810 Second Ave. Latimer & Co., A. G., Dexter Horton Bldg. Lockett & Co., G., Railway Exchange Bldg. McColl-Frontenac Co., Winnipeg, Manitoba. McConahy, C. D., American Bank Bldg. Meiklejohn & Brown. 1321 Smith Tower. Oaks. Prescott, 607-1411 Fourth Ave., Bldg. Pacific Investors Co., Colman Bldg. Pacific National Co., Second and Madison. Peoples Bank & Trust Co., 1414 4th Ave. PIERCE & CO., E. A., Fourth & Union. Puget Mortgage Securities, Inc., Empire Bldg. Pratt & Co., H. P., Hoge Bldg. Riker & Woolsey, Inc., 1208 Hoge Bldg. Smith & Strout, Inc., Leary Bldg. Speckert, Frank J., 105 Cherry St. A. J. Theis & Co., 1003 Green Bldg. Trusteed Estates of Wash., Central Bldg. United National Corporation, Exchange Bldg, von Herberg, J., Liberty Theater Bldg. Further information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list in each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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