The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
LOCAL STOCK EXCHANGE FIRMS NEW YORK Abbott, Proctor & Paine, 120 Broadway Abraham & Co., 120 Broadway Acosta, J. A. & Co., 60 Beaver Street Adler, Blumenthal & Co., 1 Wall Street Adler, Coleman & Co., 15 Broad Street Anderson & Co., 120 Broadway Andrews, Posner & Rothschild, 26 Broadway Appenzellar, Allen & Hill, 120 Broadway Arnold & Company, 32 Broadway Aronson (Bernard) & Co , 30 Broad Street Ash & Co., Mervln, 1 Wall Street ASIEL & CO., 11 Wall Street Auchlncloss, Mills & Bergen, 1 Wall Street Auerbach, Poliak & Richardson, 30 Pine Street Baar, Cohen & Company, 120 Broadway BABCOCK, BUSHTON & CO., 50 Broadway BACHE & CO., J. S., 42 Broadway Bacon, Stevenson & Co., 39 Broadway. Baker, Weeks & Harden, 52 Wall Street Barbee & Co., 40 Wall Street Barney & Co .Chas. D„ 65 Broadway Barnwell, Arthur & Co., 100 Broadway Barrett & Company, 30 Broad Street Barry & Hughes, 11 Broadway. Batsell & Co., 49 Broad Street Baylis & Co., 25 Broadway. Bear, Stearns & Company, 1 Wall Street Beekman, Wm. B. & Co., 20 Broad Street Beer & Company, 30 Broad Street Belden & Co., 1 Wall Street Bell & Beckwith, 42 Broadway Benedict, E. C. & Co., 71 Broadway Benjamin & Ferguson, 61 Broadway Benjamin, Hill & Company, 39 Broadway Bennett, James E. & Co., 23-25 Beaver Street Benton & Marsh, 115 Broadway Berdell Bros., 1 Wall Street Berg. Eyre & Kerr, 50 Broadway Bernard, Winkler & Co., 52 Wall Street Biggs, Mohrman & Co., 1 Wall Street Billings, Olcott & Company, 52 Broadway Blake Brothers & Co., 40 Wall Street Blauner & Co., 25 Broadway Blumenthal Bros., 71 Broadway Blyth, Bonner & Kimbley, 52 Wall St. Burton. Cluett & Dana, 120 Broadway Butler, Herrick & Marshall, 30 Broad Street Byck & Broads, 39 Broadway Bywater & Leary, 31 Nassau Street Callaway, Fish & Co., 15 Broad Street Campbell & Co., H. G., 52 Broadway Carey, H. T. & Co., 50 Broadway Carlisle, Mellick & Co., 50 Broadway Carreau & Co., 63 Wall Street Carter & Co., 48 Wall Street. Caspary, A. H. & Co., 60 Broadway. Cassatt & Co., 1 Wall Street Cassel, H. & Co., 61 Broadway Chapin, S. B. & Co., Ill Broadway Chapman, Carman & Co., 26 Broadway Chauncey & Co., 61 Broadway Chisholm & Chapman, 52 Broadway Clark, Dodge & Co., 61 Wall Street Clark (Jno. F.) & Co.. 40 Wall St. Clews & Co., Henry, 7-9-11 Broadway. Clifford & Co., 54 Wall Street Clucas & Company, E. W., 70 Pine Street. Coggeshall & Hicks, 111 Broadway Cohen, Simonson & Co., 30 Broad Street Cohen, Wachsman & Wassail, 70 Pine Street Cohtl Brothers, 90 Broad St. Colgate, Jas. B. & Co., 44 Wall Street Condon, Proctor & Co., 70 Pine Street. Connelly & Co., F. J., 15 Broad St. Conried & Co., 24 Broad Street Content & Co., H., Ill Broadway. Conway, Norton & Co., 26 Broadway Corlies & Booker, 90 Broad Street Coulon & Co., E. J., 50 Broadway. Cowen & Co., 120 Broadway Craigmyle, Marache & Co., 1 Wall Street Cullman Brothers, 161 Front Street Curtiss, House & Company, 61 Wall Street Dann & Company, J. C., 65 Broadway. Davis & Co., Fellowes, 52 Broadway. Davis & Co.. J. W„ 111 Broadway. Davis & McIntosh, lllBroadway Davis & Co., Morgan. 15 Broad St. Day & Co., R. L., 14 Wall Street. De Coppet & Doremus, 42 Broadway de Cordova & Bro., Cyril, 25 Broad Street. De Haven & Townsend, 52 Broadway Denny, Saportas & Co., 1 Wall Street De Voe, Dyke & Sperry, 25 Broad St. BOETTCHEK, NEWTON & CO., 52 Wall St. DICK & MERLE-SMITH, 30 Pine Street Bogert & Co., Beverly, 120 Broadway. Bond, McEnany & Co., 60 Beaver Street Boody, McLellan & Co., Ill Broadway Bouvier & Co., M. C.. 20 Broad Street Bradley, F. J. & Co., 1 Wall Street Bramley & Smith, 52 Broadway Brand, Grumet & Co., 120 Broadway Brandenburg & Co., 40 Wall Street Breining & Co., 17 Battery Place Brinton & Co., 61 Broadway Brooks & Co., J. H., 1 Wall Street. Dietrich & Company, F.. 1 Wall Street. Disbrow, Potts & Co., 120 Broadway Dixon & Co., G. A., 42 Broadway Dobbs & Company, 1 William St. Dominick & Dominick, 115 Broadway Douglas & Company. F. H., 61 Broadway. Doyle & Company, Frank, 25 Broadway Doyle, Hays & Co., 61 Broadway Dreyfus & Nicholas, 40 Wall Street BROWN BROTHERS, HARRIMAN & CO., 59 Wall Street Brown & Gruner, 48 Wall Street Brown & Co., Vernon C., 71 Broadway. Brumley & Anderson, 120 Broadway Bryan, Penington & Colket, 48 Wall St. BULL & ELDREDGE, 39 Broadway. BURNET (W. E.) & CO., 11 Wall Street Burnham, Herman & Co., 44 Wall Street Burnside & Co., 120 Broadway Einstein & Co., H. G., 42 Broadway. Eisemann, Alexander & Co., 120 Broadway Elias (Albert J.) & Co., 20 Broad St. Eliott & Co., Gilbert, 11 Broadway. Ellis, D. H. & Co., 120 Broadway Ely & Son, 120 Broadway. Emanuel & Co., 32 Broadway Engel & Co., 120 Broadway Erdman & Co., 25 Broadway Eric & Drevers, 40 Wall Street. Ernst & Company, 1 S. William St. Estabrook & Co., 40 Wall Street Evans, Stillman & Co., 14 Wall Street Fagan & Goetz, 40 Wall St. Fahnestock & Co., 1 Wall Street Faroll Brothers, 50 Broadway Farr & Co., 90 Wall Street Farrington & Coleman, 52 Broadway FENNER & BEANE, C7 Broad St. FIELD, GLORE & CO., 38 Wall Street Filor, Bullard & Smyth, 39 Broadway Finch, Wilson & Co., 120 Broadway Florentlno & Co., 120 Broadway Foster & Adams, 120 Broadway Foster (F. V.) & Co., 11 Wall Street. Foster, Marvin & Co., 2 Wall Street Fox, O’Hara & Co., 60 Broad Street Frank & Sterling, 30 Broad Street Fransioli & Wilson, 120 Broadway Fried & Company, Albert, 120 Broadway. Fuller (Henry B.) & Co., 67 Broad Street Fuller, Rodney & Co., 14 Wall Street Gaines & Company, 1 Wall Street Gammack & Co., 39 Broadway Gilbert & Co., Clinton, 120 Broadway Gilchrist, Bliss & Co., 120 Broadway Gimbel & Co., Louis, 48 Wall Street Goadby & Co., W. H., 120 Broadway Goerz, E. V. & Co., 39 Broadway Goldman, Sachs & Co., 30 Pine Street Goldsmith (H. W. )& Co., 120 Broadway Goodbody & Co., 115 Broadway Gordon & Whitney, 115 Broadway Graham & Co., 50 Broadway Granbery, Safford & Co., 40 Wall Street Granberry & Co., 50 Broadway Graves, Banning & Co., 14 Wall St. Gray & Wilmerding, 44 Wall Street Green, Ellis & Anderson, 100 Broadway Greene & Brock, 40 Wall Street Greer, Crane & Webb, 37 Wall Street Gruntal & Co., 60 Broadway Gude, Winmill & Co., 1 Wall Street Guggenheimer & Ullman, 25 Broadway Gutenstein & Markoe, 25 Broadway Gwynne Bros., 61 Broadway Halladay & Co., 14 Wall Street HALLE & STIEGLITZ, 25 Broad Street DRYSDALE & CO., 71 Broadway HALLGARTEN & CO., 44 Pine Street Duff & Co., J. Robinson, 1 Wall Street. 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 Dyer, Hudson & Co., 61 Broadway Eastman, Dillon & Co., 120 Broadway Edge & Co., C. N„ 20 Exchange Place. Edmonds & Pentz, 1 Wall Street. Halsted & Harrison, 1 Wall Street Hamershlag, Borg & Co., 39 Broadway Handy & Co.. J. L., 40 Wall Street Hano & Co., 120 Broadway Hardy & Company, 11 Broadway Harriman & Keech, 11 Broadway HARRIS, UPHAM & CO., 11 Wall Street Farther Information on Arms appearing In bold lace type will be found In the selected list of Investment Dealers following bank list In each city. 1649 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SlorJi IicJigs. 1650 LOCAL STOCK EXCHANGE FIRMS NEW YORK—Continued Hartshorne, Fales & Co., 71 Broadway Haupt & Company, Ira, 39 Broadway HAYDEN, STONE & CO., 25 Broad Street Hedberg & Koppisch, 1 Wall Street Hedge & Price, 40 Wall Street Heidelbach, Ickelheimer & Co., 49 Wall Street Hemphill, Noyes & Co., 15 Broad Street Henderson & Company, 40 Wall Street Henderson, Charles F. & Sons, 71 Broadway Hendrickson & Co., 61 Broadway Hentz, H. & Co., 60 Beaver Street Herrick, Berg & Co., 40 Wall Street Herzfeld & Stern, 30 Broad Street Hewitt, Lauderdale & Co., 61 Broadway Hill, Charles W. & Co., 1 Wall Street Hirsch, Lilienthal & Co., 165 Broadway Hoge, Underhill & Co., 11 Broadway Holmes & Co., J. H., 120 Broadway Holsapple, Harvey & Co., 59 Cedar Street Homans & Co.. 120 Broadway Hoppin Bros. & Co., 120 Broadway Hornblower & Weeks, 42 Broadway Horton. H. L. & Co., 1 Wall Street Howell, Douglass & Co., 40 Wall Street Hoyt & Co., (Colgate,) 14 Wall Street Hubbard Bros. & Co., 66 Beaver Street Hume & Thompson, 60 Broadway HUTTON & CO., E. F., 61 Broadway Hutton & Co., W. E., 52 Wall Street Hyman & Co., 61 Broadway Ingalls & Snyder, 100 Broadway ISELIN & CO., A., 40 Wall Street Jackson Bros., Boesel & Company, 26 Broadway JACKSON & CURTIS, 115 Broadway Jacobson & Co., Benjamin, 120 Broadway Jacquelin & De Coppet, 47 Broad Street Jelke & Co., (Frazier) 40 Wall Street Jenks, Gwynne & Co., 65 Broadway Jesup & Lament, 26 Broadway Jewett, Newman & Co.. 25 Broad Street Johnson & Wood, 30 Broad Street Joost, Patrick & Company, 90 Broad Street Joseph & Co., Morris, 25 Beaver Street Josephthal & Co., 120 Broadway Kaiser & Company, Louis, 150 Broadway. Kaufman, Richard K. & Co., 39 Broadway Kean. Taylor & Co., 20 Exchange Place Kennedy & Co., 1 Wall Street Kerngood & Co., 120 Broadway Kerr & Armstrong, 42 Broadway McClave & Co., 67 Exchange Place. McClure, Jones & Co., 115 Broadway. McDermott & Co., Peter P„ 39 Broadway. McDonnell & Co., 120 Broadway. McGough & Schuman, 1 Wall Street. Meehan & Co., M. J., 30 Broad St. Melady & Co., John, 141 Broadway Miller & Dodge, 30 Broad Street Miller & McVickar, 50 Broadway Minton & Co., D. M., Ill Broadway Mitchell & Watts .65 Broadway Monahan & Cohn, 120 Broadway Montgomery, Scott & Co., 120 Broadway. Moore & Co., D. T„ 50 Broad Street Moore, Leonard & Lynch, 111 Broadway. Moore & Schley, 100 Broadway. MORGAN & CO., J. P., 23 Wall Street. Morgan. Howland & Company, 120 Broadway. Morrill & Rich, 111 Broadway Morris & Co., 1 Wall Street Morris & Smith, 120 Broadway SMITHERS & CO., F. S., 15 Broad Street. Sneckner & Heath, 20 Broad Street. Snedeker, Chas. V. & Co., Ill Broadway Sparks, J. W. & Co., 50 Broadway. Spero & Co., 120 Broadway SPEYER & CO., 24-26 Pine Street. Spingarn & Co., Leopold, 29 Broadway. Stackpole & Buchanan, 120 Broadway. Stafford & Co., 20 Exchange Place. Stanton & Co., 52 Wall Street. STEIN BROS. & BOYCE, 39 Broadway. 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., 120 Broadway. Murphy, G. M.-P. & Co., 52 Broadway Murray, John F. & Co., 11 Broadway Nash & Co., Ill Broadway. Neilson & O’Sullivan, 20 Broad Street. Neuhut, Mansbach & Plohn, 60 Broad Street Newborg & Co., 60 Broadway. Newburger, Loeb & Co., 40 Wall Street. Newman Bros. & Worms, 25 Broad Street. Nick (J. F.) & Co., 120 Broadway Noel, Berman & Langley, 54 Wall St. Norton & Gwathmey, 1 Wall Street Oliphant & Co., Jas. H., 61 Broadway. O’Neill & Co., Grover, 20 Exchange Place Orvis Brothers & Co., 60 Broadway. Orvls & Co., Schuyler A., 120 Broadway Paige, Smith & Remick, 39 Broadway. Paine, Webber & Co., 25 Broad Street. Parker, McElroy & Company, 120 Broadway. Parrish & Co., 40 Wall Street. Pask & Walbridge, 1 Wall Street. Pearl & Co., 120 Broadway. Pell & Co., 40 Wall Street Pell, Peake & Co., 24 Broad Street. Pelzer, B. H. & F. W., 42 Broadway. Pforzheimer & Co.. Carl H., 25 Broad Street. Phelps & McKee, 48 Wall Street PIERCE & CO., E. A., 40 Wall Street. KIDDEK & CO., A. M., 1 Wall Street Popper, Snyder & Co., 39 Broadway Post & Flagg, 49 Broad Street. Pouch & Co., 1 Wall Street. Prentice & Slepack, 25 Broadway. KIDDER, PEABODY & CO., 17 Wall Street PRESSPRICH & CO., R. W., 68 William Street. Koch & Co., Spencer B., 29 Broadway Kohler, Sheerin & Fish, 48 Wall Street Price & Filston, 42 Broadway Proctor, Cook & Co., 120 Broadway. Pyne, Kendall & Hollister, 60 Wall Street. Quincey & Co., Chas. E., 24 Broad Street. Redmond & Co., 48 Wall Street. Reimer & Co., Ill Broadway Reiner & Co., Milton E., 120 Broadway Reynolds & Co., 120 Broadway. Reynolds, Fish & Co., 120 Broadway. Rhoades & Co., 25 Broad Street Rich & Clark, 15 William Street. Richard, C. B. & Co., 44 Beaver Street. Richards, Hume & Heffernan, 49 Wall Street Ristine & Co., F. P„ 15 Broad Street. Riter & Co., 38 Nassau Street Rollins & Co., 52 Broadway. Rose, Cammann & Co., 120 Broadway. Roth & Co., B. H„ 25 Broad Street. Roth (Emil J.) & Co., 29 Broadway. Rothschild & Co., L. F., 120 Broadway. KUHN, LOEB & CO., 52-54 William Street Slaughter & Russell, 65 Broadway Smith & Co., Edward B , 31 Nassau Street Smith, Frank & Co., 120 Broadway Smith & Gallatin, 115 Broadway. Smith & Williams, 61 Broadway Steiner, Rouse & Company, 25 Broad Street. Stern & Co., Allison, 1 Wall Street. Stern Brothers, 39 Broadway STERN, KEMPNER & CO., 14 Wall St. Stevens & Legg, 25 Broad Street. Stewart & Co., 120 Broadway. Stokes, Hoyt & Co., 1 Wall Street. Stout & Co., 25 Broad Street. Strauss, Phillips & Co., Ill Broadway Struthers & Dean, 40 Wall Street. Struys & Jones, 52 Broadway. Sulzbacher, Granger & Co., Ill Broadway. Sutro Bros., & Co., 120 Broadway 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 Thomas, Torrey & Griffith, 44 Wall Street Thomson & McKinnon, 11 Wall Street Thorne (F. B.) & Co., 120 Broadway. TIMMINS & COMPANY, J. R., 61 Broadway, Tobey & Co., 25 Broadway. Tobey & Kirk, 25 Broad Street Toerge & Schiffer, 15 Broad Street Toolin & Co., 52 Wall Street Townsend, Graff & Co., 29 Broadway Trask & Co., Spencer, 25 Broad Street. Travers, Clark and Taylor, 120 Broadway Trounstine & Co., J. F., 25 Broadway Tucker, Anthony & Co., 120 Broadway Turnure & Co., Lawrence, 1 Wall Street Vaughan & Company, 50 Broadway Vilas & Hickey, 49 Wall Street Wagner, Stott & Co., 19 Rector Street Wainwright & Co., H. C„ 15 Broad Street Wainwright, Luce and Nettleton, 52 Wall Street 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 Ward, Gruver & Company, 30 Broad Street Ware & Keelips, 19 Rector Street Warner & Co., 120 Broadway Watson, Armstrong & Co., 24 Broad Street Watson & Co., T. L., 40 Wall Street La Branche & Company, 50 Broadway Ladenburg, Thalmann & Co., 25 Broad Street Laidlaw & Co., 26 Broadway Laird, Bissell & Meeds, 120 Broadway Lamborn, Hutchings & Co., 37 Wall Street Langley & Co., W. C., 115 Broadway Lansburgh Brothers, 30 Broad Street Lapham, Fahy & Co., 29 Broadway Larkin & Petersen, 1 Wall St. Lauer & Co., William E., 50 Broadway WATSON & WHITE, 149 Broadway Lawrence & 8ons, Cyrus J.. 115 Broadway Lazard Freres, 19 Nassau Street Lee. Higginson & Co.. 37 Broad Street Welcker & Co., 1 Wall Street Weingarten & Co., 29 Broadway. Leeds, Laurence C. & Co., 120 Broadway Lehman Bros., 1 William Street Weisl & Co., Edwin, 70 Pine Street Leopold & Co., James M., 70 Wall Street Welles. C. E. & Co., 25 Broadway. RUTTER & COMPANY, 20 Exchange Place. Levy & Co., Robert J., 165 Broadway Lewinson & Co., Sydney, 40 Wall Street SALOMON BROS. & HUTZLER, 60 WaU St. WELLINGTON & CO., 120 Broadway Lewisohn & Sons, Adolph, 61 Broadway Llbaire & Company, 37 Wall Street Salomon & Co., F. L„ 50 Broadway. Lindley & Co.. 44 Wall St. Sartorius & Smith, 61 Broadway. Wenman, Pierce & Brown, 54 Wall Street Livingstone, Dennis & Renfrew, 40 Wall Street Scarborough, Ambrose & Co., Ill Broadway Lloyd & Co., Ill Broadway Scarritt & Bardach, 120 Broadway Lober Brotners & Co., 37 Wall Street. Schafer Bros., 1 Wall Street. WERTHEIM & CO., 120 Broadway Lockwood, Peck & Co., 52 Broadway. Schatzkin, Loewi & Co., 60 Broad Street Loeb & Co., Carl M„ 48 Wall Street. Scholle Brothers, 40 Wall St. Loeb. Alsberg & Berliner, 39 Broadway Seasongood & Haas, 63 Wall Street. Whitehouse & Co., Ill Broadway Loew & Co.. 2 Wall Street. White & Stanley, 40 Wall Street Lowitz E. & Co.. 29 Broadway. SELIGMAN & CO., J. & W., 54 Wall Street. Weld & Co., 40 Wall Street White, Luitweiler, Kellogg & Co., 96 Wall Street Whitney & Sons, H. N., 49 Wall Street Luke, Banks & Weeks, 1 Wall Street. Whitney & Co., Richard, 15 Broad Street Lyon & Co., W. Wallace, 40 Wall Street Sellgman, G. & A., 120 Broadway. Wilcox & Co., 40 Wall Street Mabon & Co., 1 Wall Street. Seliesbere & Co. .50 Broad Street. Williams, Blair S. & Co., 25 Broad Street Mackay & Co., 14 Wall Street. Shaskan Brothers, 39 Broadway Williams & Co., Clark, 160 Broadway MacQuoid & Coady. 120 Broadway Shaskan & Co., 39 Broadway Willlston & Co., J. R., 11 Wall Street Mallory, Anderson & Block, 50 Broadway Shea & McMannus, 15 Broad Street Manson & Co. .Thos L., 120 Broadway Shearson, Hammlll & Co., 14 Wall St. Winthrop, Robert & Co., 48 Wall Street Winthrop, Mitchell & Co. 26 Broadway Marks (Laurence M.) & Co., 49 Wall St. Shields & Company, 44 Wall Street. Marquis & Co., L. J., 39 Broadway Wollman & Co., W. J., 120 Broadway Shippee & Rawson, 111 Broadway. Marshall, Campbell & Company, 61 Broadway. Wood, Low & Company, 63 Wall Street Shuman & Co., 25 Broad Street. Mayer & Company, Jos. G., 74 Trinity Place. Silberberg, D. H. & Company, 63 Wall Street. Wood, Struthers & Co., 20 Pine Street Wrenn Bros. & Co., 30 Broad Street Mayer & Hart, 111 Broadway Simmons & Co.. E. H. H., 52 Broadway. Maynard, Oakley & Lawrence, 24 Broad Street Simmons & Peckham, 40 Wall St. Wright & Sexton, 1 Wall Street Simons, Blauner & Co., 25 Broadway. Young, Kolbe & Co., 120 Broadway McCaffray & Co., Walter P., 25 Broad Street Sisto & Co., J. A., 68 Wall Street. McCarthy & Vose, 52 Broadway Zuckerman, Henry & Co., 52 Broadway 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 LOCAL STOCK EXCHANGE FIRMS 1651 NEW YORK—Continued New York Stock Exchange Officers: Richard Whitney, Pres. Allen L. Lindley, V. P. Warren B. Nash, Tr. Edward T. H. Talmage, Jr., A. Tr. John P. Ryan, Asst, to the Pres. Ashbel Green, Sec. J. M. B. Hoxsey, Executive Asst, to Francis T. Boyd, ls< Assl. Sec. 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..Notless than 5c per share $5.00 per share and above, but under $10.00.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.................... Notless than 30c per share plus 5c per share for each $50.00 or fraction thereof be ginning at $250.00 ON SUBSCRIPTION BIGHTS 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.OO.Not less than 7Uc 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 the Committee on Stock List COMMISSION RATES Bates to Non-members, etc. On business 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 be not less than the rates given below: Sec. 2 provides that commissions shall be calculated on thfc basis stated below: ON STOCKS (except as to Ten-Share-Unit 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 7J4c 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 than 17J^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 CHICAGO * Abbott, Proctor & Paine, 208 S. La Salle St. Andrew, L. A., Jr. & Co., 38 S. Dearborn St. Apgar, Daniels & Co., 120 S. LaSalle St. BABCOCK, BUSHTON & CO., 135 S. LaSalle St. BACHE, J. S. & CO., 316 S. LaSalle St. BACON, WHIPPLE & CO., 135 S. LaSalle St. Baker. Alfred L. & Co.. Ill S. LaSalle St. Bennett, James E. & Co., 332 S. LaSalle St. Blumenthal & Ward, 120 S. LaSalle St. Boettcher-Newton & Co., 104 S. LaSalle St. Gerwig, Frank L. & Co., 39 S. LaSalle St. Graham & Co., 141 W. Jackson Blvd. HALLGARTEN & CO., 120 S. LaSalle St. PIEBCE, E. A. & CO., 105 W. Adams St. Harris, Burrows & Hicks, 135 S. La Salle St. Harris, Upham & Co., 135 S. La Salle St. Hornblower & Weeks, 39 S. LaSalle St. Hulburd, Warren & Chandler, 208 S. LaSalle St. (Wayne) Hummer & Co., 105 W. Adams St. Jackson Bros., Boesel & Co., 316 S. LaSalle St. Jackson & Curtis, 231 S. LaSalle St. BROWN BROTHERS, HARRIMAN & CO., 135 S. LaSalle St. LAMBORN, HUTCHINGS & CO., 231 S. LaSalle St. Cahn, Morton D., 120 S. LaSalle St. Chapin, S. B. & Co., 209 S. LaSalle St. Cleary & Co., 120 S. LaSalle St. Clement, Curtis & Co., 231 S. LaSalle St. Lamson Bros. & Co., 141 W. Jackson Blvd. Lester. Carter & Co., 209 S. LaSalle St. Lizars (Rawson) & Co., 231 S. LaSalle St. Marks, Laser & Co., 231 S. LaSalle St. McDonald, Frank E. & Co., 120 S. LaSalle St. Mills, W. S. & Co., 120 S. LaSalle St. DAYIS, PAUL H. & CO., 37 S. LaSalle St. Dltt, Paul C. & Co., 120 S. LaSalle St. Fairman, Perry & Co., 208 S. LaSalle St. Faroll Bros., 141 W. Jackson Blvd. Farwell, Chapman & Co., 208 S. LaSalle St. Fenner & Beane, 141 W. Jackson Blvd. FIELD, GLORE & CO., 123 S. LaSalle St. Fisher (Vories) & Co., 105 S. LaSalle St. Frank, A. R. & Co., 120 S. LaSalle St. Fuller, Cruttenden & Co., 120 S. LaSalle St. Paine, Webber & Co., 209 S. LaSalle St. Patton, Joseph R. & Co., 120 S. LaSalle St. Perrill, (Alger) & Co., 231 S. LaSalle St. MITCHELL, HUTCHINS & CO., 231S. LaSalle St. MOSELEY, F. S. & CO., 135 S. LaSalle St. Munds, Winslow & Potter, 141 W. Jackson Blvd. Norris & Kenly, 208 S. LaSalle St. Noyes, David A. & Co., 208 S. LaSalle St. OLIPHANT, JAS. H. & CO., 209 S. LaSalle St. Rothschild & Co., 105 W. Adams St. Russell, Brewster & Co., 135 S. LaSalle St. Sadler & Co., 105 S. LaSalle St. Schuberth, Wm. A. & Co., 120 S. LaSalle St. Shearson, Hammlll & Co., 208 S. LaSalle St. Shields & Company, 105 W. Adams St. Shimmln, Robert P. & Co., 120 S. LaSalle 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., 105 S. LaSalle St. Stein, Brennan & Co., 211-219 S. LaSalle St. Stoddard & Boyden, 120 S. LaSalle St. Sutro Bros. & Co., 134 S. LaSalle St. Swift, Langill & Henke, 168 W. Monroe St. Templeton’s Sons, J. S., 141 W. Jackson Blvd. Thomson & McKinnon, 316 S. LaSalle St. Warner, A. W. & Co., 39 S. LaSalle St. Webster, Marsh & Co., 209 S. LaSalle St. Weinress & Co., 231 S. LaSalle St. White, Edward J. & Co., 120 S. LaSalle St. WINTHROP, MITCHELL & CO., 141 W. Jackson Bird. 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 1652 LOCAL STOCK EXCHANGE FIRMS CHICAGO—Continued Chicago Stock Exchange Officers: M. J. O’Brien, Pres. Jess Halsted, Sec. Harvey T. Hill, Exec. V. P. Charles T. Atkinson, See. Emeritus Wallace C. Winter, V. P. Kenneth L. Smith. A. See. Paul B. Skinner, Tr. Sidney L. Parry, A. Sec. Martin E. Nelson, A. Tr. G. Hamilton Beasley, A. Sec. RATES OF COMMISSION Commissions: Section 1. Commissions shall be charged and paid under all circum stances, upon all purchases or sales of securities dealt in upon the Exchange (except as provided in Subdivision [h], Section 2 of this Article) and shall be absolutely net and free from all or any rebatement, return, discount or allowance in any shape or manner whatsoever, or by any method or arrange ment direct or indirect; and no bonus or any percentage or portion of the commission shall be given, paid or allowed, directly or indirectly, or as a salary or portion of a salary, to any clerk or person for business sought or procured for any member of the Exchange. Sec. 2. Commissions shall be calculated on the basis hereinafter specified: (a) On railroad, public utility and industrial bonds, having more than five years to run: (al) On business for parties not members of the Exchange, including Joint account transactions in which a nonmember is interested; transactions for partners not members of the Exchange; and for firms of which the 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. Selling at 1 per cent or above but under 10 per cent of face value of principal— Not less than $1.25 per $1,000 face value of principal. Selling at 10 per cent of face value of principal and above— Not less than $2.50 per $1,000 face value of principal. (a2) On business for members of the Exchange when a principal is given up, 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. Selling at 1 per cent or above but under 10 per cent of face value of principal— Not less than 37Hc per $1,000 face value of principal. Selling at 10 per cent of face value of principal and above— Not less than 75c per $1,000 face value of principal. (a3) On business for members of the Exchange when a principal is not given up, 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. Selling at 1 per cent or above but under 10 per cent of face value of principal— Not less than 62Hc per $1,000 face value of principal. Selling at 10 per cent of face value of principal and above. Not less than $1.25 per $1,000 face value of principal. (b) On securities of the United States, Porto Rico and the Philippine Islands, and of states, territories and municipalities therein, on business for members of the Exchange as well as nonmembers, the restrictions as to minimum commissions contained in this article shall not be applicable, but the rates to be charged shall be such as may be mutually agreed upon. (c) On Stocks: (cl) On business for parties not members of the Exchange, including Joint account transactions in which a non-member is interested; transac tions for partners not members of the Exchange; and for firms of which the Exchange member or members are special partners only, the commission shall be not less than the following: On stocks selling below $10 per share, but not less than $1 per share, 7Hc per share. On stocks selling at $10 per share and above, but under $25 per share, 12He per share. On stocks selling at $25 per share and above, but under $50 per share, 15c per share. On stock selling at $50 per share and above, but under $75 per share, 17He per share. On stocks selling at $75 per share and above, but under $100 per share, 20c per share. On stocks selling at $100 per share and above, but under $200 per share, 25c per share. On stocks selling at $200 per share and over, 25c per share for the first $200 in price and 5c per share additional for each $50 increase in price, or fraction thereof. 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, lHc per share. On stocks selling at $10 per share and above, but under $125 per share, 2Hc 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 <tiven up, the commission shall be not less than the following: On stocks selling below $10 per share but not less than $1 per share, lJic per share. On stocks selling at $10 per share and above, but under $125 per share, 3Hc 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 9f 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 memoer 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 nonmember, 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 RIGHTS 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 bo 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 He. To members, clearance, not less than %c. $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 He. To members, clearance, not less than lHc. $5.00 per right and above, but under $10.00: To non-members, not less than 7Hc; minimum $1.00. To members, give-ups, not less than lHc. To members, clearance, not less than lHc. $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. Further Information on Arms 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 LOCAL STOCK EXCHANGE FIRMS 1653 PHILADELPHIA BACHE, J. 8., & CO., Pennsylvania Bldg. Baker, Weeks & Harden, Commercial Trust Bldg. 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. Biddle & Co., Moncure, 1520 Locust Street. Biddle, Whelen & Co., 1606 Walnut St. BIOREN & CO., 1508 Walnut Street. Boenning & Co., 1606 Walnut Street. BROWN BROTHERS HARRIMAN & CO., 135 South 16th St. Bryan, Penington & Colket, 123 S. Broad St. Buckley Brothers, 1528 Walnut St. Butcher & Sherrerd, 220 Real Estate Trust Bldg. Carstairs & Co.. 1510 Walnut Street. Cassatt & Co., Commercial Trust Bldg. Clark, E. W., & Co., 16th and Locust St. Dackerman & Waber, 517 Stock Exchange Bldg. DeHaven & Townsend, 1415 Walnut Street. Diffenderffer & Co., 1611 Walnut Street. Dixon & Co., 1411 Chestnut Street. DREXEL & CO., 15th and Walnut Streets. Eastman, Dillon & Co., 1506 Walnut St. Elkins, Morris & Co., 305 Land Title Bldg. Emory, Freed & Co., 109 S. 3rd Street. 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. Glendinning, Robt., & Co., Packard Bldg. Graham, Parsons & Co., 1422 Walnut St. Hammitt & Co., 602 Phila. Stock Exchange Bldg. Hamstrom & Co., 202 Real Estate Trust Bldg. Harrison & Co., 123 S. Broad Street. Hecker & Co., S. W. Cor. 6th and Chestnut Sts. Hopper, Soliday & Co., 1420 Walnut St. Hornblower & Weeks, 1429 Walnut Street Jenks, Gwynne & Co., 1516 Locust Street. Jones, Miller & Co., Commercial Trust Bldg. Kennedy & Co., 1200-01 Land Title Bldg. Laird, Bissell & Meeds. 1528 Walnut Street. Levitt & Co., Howard J., 1528 Walnut St. LELLEY, & CO., 1520 Packard Bldg. MacDonald & Co., 234 Real Estate Trust Bldg. MacMeekin & Co., 123 S. Broad Street. McCreery, Samuel, & Co., 1518 Walnut Street. McLaughlin W. J. & Co., 508 Stock Exchange Bldg. Monges, Davis & Lang, 301 S. 17th St. Montgomery, Scott & Co., 123 S. Broad Street. Moore, E. J., & Co., 141 South Fourth Street. Morgan, Reed A., & Co., Commercial Trust Bldg. Moyer & Co., 1500 Walnut Street. Newbold’s Son, W. H., & Co.. 1517 Locust Street. Newburger, Loeb & Co., 1419 Walnut Street Palmer & Co., E. W., 334 Commercial Trust Bldg. Parrish & Co., 212 South 15th Street. Phillips, Samuel K., & Co., 1317 Packard Bldg. Richards & Co., Real Estate Trust Bldg. Ristine, F. P., & Co., 123 S. Broad Street. Sailer, A. J. & Co.. 113 S. 5th Street. Seeler & Co., 435 Chestnut St. Sloane & Co., Phila. Stock Exchange Bldg. Smith, Edward B., & Co., 1411 Chestnut Street. Snyder, Geo. E., & Co., 600-601 Phila. Stock Ex change Bldg. Snyder, R. M. & Co., 1520 Locust Street. Sparks, J. W., & Co., 1510 Chestnut Street. Starr & Co., 123 S. Broad Street. Swah, H. M. & Son, Bourse Bldg. Trimble & Co., 1326 Walnut Street. Turner, Gill & Crouter, 611 Packard Bldg. Wheeler & Co., 1100 Girard Trust Bldg. Wilmer & Co., 123 S. Broad St. Wistar, Carter & Co., Commercial Trust Bldg. Wolf Bros. & Co., 213-215 S. Broad Street. WOOD, A. C., JRm & CO., 511 Chestnut St. 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. STOCKS Price Rate 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 7J^c Selling at $10.00 and above, but under $25.00_______ Not less than 12J4c 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 17J^c 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. Philadelphia Stock Exchange Officers: B. Frank Townsend, Jr., V. P. Howard Butcher, Jr., Pres. Frank C. Matthews, See. Frederick P. Ristine, Tr. John R. Huhn, Jr., A. Sec. and A. Tr. Thomas B. Gravatt, Aud. COMMISSION RATES 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. 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 $1.00 and above, but under $5.00....................... Not less than 5c Selling at $5.00 and above, but under $10.00.................Not less than 7}^c 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. DETROIT Alison & Co., 244 Buhl Bldg. Hentz, H. & Co., 1 Buhl Bldg. Hornblower & Weeks, 244 Penobscot Bldg. PARCELLS, CHARLES A. & CO., 539 Penob scot Bldg. BACHE, J. S. & CO., 119 Penobscot Bldg. HUTTON, W. E. & CO., Fisher Bldg. PIERCE, E. A. & CO., 1 Ford Bldg. Baker, Simonds & Co., 1134 Buhl Bldg. Bennett, Smith & Co., 640 Griswold Street. Brown, John L. & Co., 625 Penobscot Bldg. Butler & Co., J. M., 224 Penobscot Bldg. Crouse & Co., 1817 Penobscot Bldg. Jennings & Busby, 500 Fidelity Bank & Tr. Bldg. King Boug Stodgell & Co., Windsor, Ont. Lee & Co., Wm. M., 613 Ford Bldg. Livingstone, Dennis & Renfrew, 409 Griswold St. McLean & Co., John F„ 1806 Penobscot Bldg. Moody, Bollinger & Co., 1904 Penobscot Bldg. Moss, W. E. & Co., 2316 Union Guardian Bldg. Newcomb, John J. & Co., 2006 Penobscot Bldg. O'Donnell, Humphries & Fuehrer, 517 Penobscot Bldg. Paine, Webber & Co., 100 Penobscot Bldg. Rathbun & Co., 866 Penobscot Bldg. Reilly, R. W. & Co., 1666 Penobscot Bldg. Roney, Wm. C. & Co., 2232 Union Guardian Bldg. Rose, Wm. H. & Co., 966 Penobscot Bldg. Schlachman, Max & Co., 866 Penobscot Bldg. Shader Winckler Co., 204 Penobscot Bldg. Watling, Lerchen & Hayes, 344 Buhl Bldg. Wedthoff, Guy G. & Co., 484 Penobscot Bldg. Whitlock, Smith & Co., 1446 Penobscot Bldg. Woodruff, D. M. & Co., 1546 Penobscot Bldg. Dominick & Dominick, 314 Ford Bldg. Fenner & Beane, 639 Penobscot Bldg. Ferriss, Wagner & Miller, 1444 Buhl Bldg. Hay, Ivan C. & Co., 415 Ford Bldg. Detroit Stock Exchange Officers: Charles B. Crouse, Pres. F. J. Winckler, Vice-Pres. Clark J. W. Colby, See. L. C. Angstrom, Treas. 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 7}4c per share. Stocks selling at $10.00 per share and above, but under $25.00, not less than 12>£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 17>^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. Farther (■formation oa firms appearing la bald fact type will be feuwd In the selected list ef Investment Dealers following bank list In each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1654 LOCAL STOCK EXCHANGE FIRMS LOS ANGELES Adams, Thomas E. & Co., 650 S. Spring St. Adams-Chadwick Co., 650 S. Spring St. Anderson & Smith, 634 S. Spring St. Bankamerica Co., 650 South Spring St. BANKS, HUNTLEY & CO., 634 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. Bissinger, F. M. & Co., 634 S. Spring St. Boothe, Gillette & Co., Ill W. 7th St. Brashears, G. & Co., 510 So. Spring 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 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. 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. 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., 453 S. Spring St. Laswell & Co., 609 S. Grand Ave. Lewis, M. H. & Co., 453 S. Spring St. Longan, Dunn & Co., 621 S. Spring St. Lopez, M. S., 650 S. Spring St. 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 & Hiigers, 621 S. Spring St. Morris, A. W„ 325 W. 8th St. Newland, E. H. & Co., 639 S. Spring St. Pacific Company of California, 621 South Hope St. Paul & Jones, 215 W. 6th St. Rath, Howard G. Co., 523 W. 6th St. Robinson, B. B., 639 S. Spring St. Rossiter & Hillman, 433 S. Spring St. Ruddock, A. B., 650 So. Grand Ave. Rutland, Edwards & Co., Inc., 536 W. 6th St. Sattler, Joseph, 634 S. Spring St. Slaughter & Russell, 632 S. Spring St. STAATS, WM. R. CO., 640 South Spring St. Sutro & Company, 210 W. 7tli St. Tulk & Co., 325 W. 8th St. Vedder, Clyde & Co., 639 S. Spring St. Wilke, Fred L„ 530 W. Sixth St. Young-Clarke & Co., 215 W. 7th St. McClarty Harblson, Pres. Frank F. Hargear, Tr. S. H. Ellis, Jr., 1st V. P. W. G. Paul, Exec. Sec. Norman A. Tulk, 2d V. P. J. W. Elliott, Mng. Sec. Inez Vermillion, Assi.Sec. Los Angeles Local Stock Exchange, Officers MINIMUM RATES OF COMMISSION In Effect November 1, 1934 (Cancelling previous schedules) 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”. * Per 100 On Stocks Selling Shares Under 25c, 82.50 per 1,000 shares________ At $ .25 and under $ .50. .....$ 1.00 At .50 and under 2.00 .75___ At .75 and under 1.00___ 3.00 At 1.00 and under 3.00___ 4.00 At 3.00 and under 5.00___ 7.50 At 5.00 and under 10.00___ ._ 10.00 At 10.00 and under 25.00___ _ 17.50 At 25.00 and under 50.00___ _ 20.00 At 50.00 and under 75.00___ . 22.50 At 75.00 and under 100.00___ _ 25.00 At 100.00 and under 200.00___ _ 30.00 Odd Lots (per share) _____ .04 .05 .10 .12,. .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. 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. CLEVELAND Bache & Co., J. S., 200 National City Bldg. Borton & Co., 810 Hanna Bldg. Butler, Wick & Co., Union National Bldg. Clark & Co., 981 Union Trust Bldg. 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. Maynard H. Murch & Co., 1186 Union Trust Bldg. Merrill, Hawley & Co., 1682 Union Trust Bldg. Murfey, Blossom & Co., 901 Guardian Bldg. $1 but under $10 $ 10 but under $ 25 25 but under 50 50 but under 125 125 but under 300 300 but under 500 500 and over Cleveland Stock Exchange Officers: Gordon S. Macklin, Pres. C. B. Whitcomb, Sec. SCHEDULE OF COMMISSION RATES Prices Stocks Selling under $1 Commission per Share 3c Paine, Webber & Co., 1111 Terminal Tower Bldg, E. A. Pierce & Co., 215 Cuyahoga Bldg. Pulliam, Emery & Co., 1205 Swetland Bldg. Schultz & Co., L. J., 736 Union Tr. Bldg. David G. Skall & Co., 2031 Union Trust Bldg. W. S. Snyder & Co., 2027 Union Trust Bldg Wellsted, Macklin & Co., 1280 Union Trust Bldg Witt,*Saunders & Co., 2008 Union Trust Bldg. Minimum commission $1 00 7Mc 15c 25c 30c 50c 75c $1.00 Minimum commission $2.00 Commission on bonds, $2.50 per $1,000, except on bonds with two years or less to maturity—$1.25 per $1,000.00 All stocks listed on both the Cleveland and New York Stock Exchanges shall take the New York Stock Exchange rate of commission. Vurther 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 LOCAL STOCK EXCHANGE FIRMS 1655 ST. LOUIS Aid, J. A., Bank of Commerce Bldg. 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. Gessler, E. A. & Son, Merchants-Laclede Bldg. Hawes & Company, Landreth Bldg. Hill Bros. & Company, Security Bldg. SIMON, I. M. & COMPANY, 315 North 4th St. Jones, Edw. D. & Co., Boatmen’s Bank Bldg. D'Oench, Duhme & Co., Franklln-Am.Tr. Bldg. LITTLE & HATS INV. CO., LaSalle Bldg. EDWARDS, A. G. & SONS, 409 North 8th St. Louderman, W. M., Bank of Commerce Bldg. Rassleur, T. Edw., 506 Olive Street. Reinholdt & Gardner, Security Building. H. L. Ruppert & Co., 402 Pine Street. Seddon, Morflt, & Harvey, Inc., Landreth Bldg Semple, Jacobs & Co., Rialto Building. STIFEL, NICOLAUS & CO., Boatmen's Bank Bldg. Stlx & Company, LaSalle Bldg. Taussig, Day & Co., Boatmen’s Bank Bldg. Wade, Festus J. & Co., Columbia Bldg. FRANCIS BRO. & CO., 4th & Olive Streets. Friedman, Brokaw & Samish, 418 Olive Street Gatch Bros., Jordan & McKinney, 411 Olive St. Knight & Co., Harry H., 401 Olive St. St. Louis Stock Exchange Officers: B. F. Jacobs, Pres. Walker Hill, Jr., V. P. W. M. Louderman, Sec. and Tr. Chas. A. Huebner, A. Sec. and A. Tr. RATES 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. Smith, Moore & Co., LaSalle Bldg. WALDHEIM, PLATT & CO., 513 Olive Street. WALKER, G. H. Jk CO., Broadway & Locust Streets. Whitaker & Company, 300 North 4th Street. Stocks selling at $10.00 per share and less than $25.00 per share, $0.12t4 per share. J 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, $0.62H per $1,000 par value. The minimum commission to be charged shall bo $1.00. BALTIMORE 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., Stock Exchange Bldg. Alexander Brown & Sons, 135 E. Baltimore Street. Frank B. Cahn & Co., 8 S. Calvert St. Douglas G. Carroll & Co., 4 Stock Exchange Bldg. Cassilly, Thos. A. Jr., 3 Stock Exchange Bldg. Colston, Marburg & Price, Keyser Bldg. J. C. Cooper & Co., 7 Stock Exchange Bldg. Owen Daly & Co., 23 South St. Davies, H. L., 26 Stock Exchange Bldg. Drewry, Cooper R., 3 Stock Exchange Bldg. Duer, Henry L., 507 First Nat’l. Bk. Bldg. D. Fahnestock & Co., 14 Stock Exchange Bldg. Field, Glore & Co., 102 St. Paul St. J. Harmanus Fisher & Sons, 10 South St. Robert Garrett & Sons, South and Redwood Sts. Theodore Gould, Keyser Bldg. John D. Howard & Co., South and Redwood Sts. 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., Keyser Bldg. MACKUBIN, LEGG & CO., 222 E. Redwood St. 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, 1 Stock Exchange Bldg. Baltimore Stock Exchange Officers: Chas. W. L. Johnson, Pres. Jas. S. Whedbee, V.P. Theodore Gould, Sec.-Tr. M. L. Rodemeyer.Assi. Sec. and Tr. RATES OF COMMISSION Minimum Commissions on Stocks TO BE CHARGED TO Selling at Prices Below NonMembers Members Members when no when name name is is given up given up Under 10c a share............ .................... 1 c He He At 10c a share and above, but under $ 1 3 c He He At$l a share and above, but under $10 1H c IHc IHc At $10 a share and above, but under $50______ _____ ______________ 15c 4 c 2He At $50 a share and above, but under $100.......................... ...................................... ... ........................ 25c 6^c 4 c At $100 a share and above, but under $150______________________ _ 40c 10 c 7 c At $150 a share and above, but under $200__ ______________ _ 50c 13 c 8 c At $200 a share and above.................. , H% .06% .04% 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. Riggs & McLane, 32 South St. John J. Riordan, Jr. & Co., 1513-14 Fidelity Bldg. Schwarz, Morton & Schwarz, 202 Keyser Bldg. Scott, Geo. M., 3 Stock Exchange Bldg. Harry B. Soper & Co., 312 Vickers Bldg. STEIN BROS. & BOYCE, 8 S. Calvert St. Strother, Brogden & Co., Calvert and Redwood Sts. Howard R. Taylor & Co., 4 Stock Exchange Bldg. Thompson, R. L., 308 Vickers Bldg. VY CIICyy-AJI UlUII OC A.UiU\J pvxuiiacj' JJIUg. Westheimer & Co., 211 E. Redwood St. 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. RATES OF COMMISSION Minimum Commissions on Stocks TO BE CHARGED TO Selling at Prices Below NonMembers Members Members when no when name name is is given up given up At 10 ($100 per $1,000 par value) or above________________________ $2.50 75c 40c Under 10 ($100 per $T,000 par value) $1.25 40c 25c Except that on bonds having five years or less to run to maturity and sell ing at 96 and above, but not above 110, the rates shall be_____________ $1.25 40c 25c The minimum commission charge o any transaction in bonds shall be $1.25. 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 Silica Gel Corporation—N. Y. Curb Exchange rate. Stocks selling under 10c—By agreement, no minimum. Commissions on rights shall be the same as those fixed for stocks The minimum commission charged on any completed individual trans action in stocks shall be not less than $2.50, providod that the commission charge on any such transaction involving a total amount of less than $50 00 shall be not less than $1.00. BOSTON J. S. BACHE & CO., 10 Post Office Square. Baldwin & Co., 30 Federal Street. Besse, Harry W. & Co., 89 State St. Blake Bros. & Company, 111 Devonshire Street. Bowen, J. W. & Co., 53 State Street, Rooms 27, 28. Bricklev (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. Burr, Gannett & Co., 53 State Street, Room 29. Clark, Dodge & Co., 70 Federal Street. Collins, Breed & Co., 82 Devonshire Street. Colwell & Co., 209 Washington Street. Crocker, Percy G. & Co., 35 Congress Street. Dabney, F. L. & Co., 10 Post Office Sq. DAY, R. L. & CO., 45 Milk Street. Downer & Co., 53 State St., Room 36A ESTABROOK & CO., 15 State Street. Gallagher, R. A. & Co., 50 Congress Street, Rm. 511—514. Goodwin, Homer & Co., 53 State Street. Gray & Wilmerding, 84 State Street. Griffin, James F. & Co., 53 State Street, Room36A. HAYDEN, STONE & CO., 75 Federal Street Hines, Robertson & Co., 60 Congress Street, Rooms 406-08. Hornblower & Weeks, 60 Congress Street Hovey, Chandler & Co., 82 Devonshire Street, Room 326. Hutchins & Parkinson, 53 State Street. Jackson & Curtis, 10 Post Office Square. Kidder, Peabody & Co., 115 Devonshire Street. Kitching, E. J. & Co., 75 Federal Street. Laidlaw & Co., 110 Franklin Street Lee Bros., 53 State St., Room 36A. Lee, Higginson & Co., 70 Federal Street. Long & Nash, 10 Post Office Square. Lut7, Roger A. & Co., 60 State St. Mann, Fabens & Andrews, 1 Federal Street. Moors & Cabot, 111 Devonshire Street. Moran, John J. & Co., 53 State Street, Room 636. MOSELEY, F. S. & CO., 60 Congress Street. Mott, Louis P. & Co., 80 Federal Street, Room 308 Paine, Webber & Co., 82 Devonshire Street. PIERCE, E. A. & CO .,45 Milk Street. Prince, F. H. & Co., Ames Building, Room 1. Proctor, Cook & Co., 50 Congress Street. Schlrmer, Atherton & Co., 79 Milk Street. Sears & Co., 68 Devonshire St. Smith, Edward B. & Co., 1 Federal Street. Southgate & Co., 10 Post Office Square. Thomson & McKinnon, 10 Post Office Square Thorndike & Allen, 53 State Street, Room 309. Tlft't Brothers, 50 Congress Street. TOWNSEND, ANTHONY & TYSON, 15 State Street. Tucker, Anthony & Co., 74 State Street. Wainwrlght, H. C. & Co., 60 State Street, Room 101. Walsh, A. G. & Son, 75 State St. Whitney, Byam & Co., 53 State Street, Room 633. Fales, T. C. & Co., 140 Federal Street. Whitney & Elwell, 30 State Street. Gagen, T. F. & Co., 53 State Street, Room 36A. 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 LOCAL STOCK EXCHANGE FIRMS 1656 BOSTON—Continued Boston Stock Exchange, Officers Charles A. Collins, Pres. William H. Claflin, Jr., Vice-Prea. Hatherly Foster, Jr., Tr. 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 per 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) STOCKS PER SHARE Selling below 50c........................... .................................................... Optional Selling at 50o or above, but under $1.............................................. 1H cents Selling at $1 or above, but under $5................... ...................... . 5 cents Selling at $5 or above, but under $10........... ..................... ...........7H cents Selling at $10 or above, but under $25...........................................12J^ cents Selling at $25 or above, but under $50_______ _______ ______ 15 cents Selling at $50 or above, but under $75...........................................17}£ 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 The minimum commission on each completed individual transaction shall not be less than one dollar, except that on transaction involving less than fifteen dollars the charge may be optional. 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 on Commissions with the approval of the Governing Committee, may hereafter determine special rates on any or all of the above mentioned securities. PITTSBURGH Askin & 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. Brinker, Bell & Co., Union Trust Bldg. Carothers & Company, James, Union Bank Bldg. Dornberger & Co., C. S., 229 4th Ave. Duckham & Co., W. A., 246 Union Trust Bldg. Edmundson, Jr., Eli, Columbia Bank Bldg. EDWARDS & COMFANT, H. S. Union Bank Bldg. Foster & Company, Bayard, 244 Oliver Bldg. Gammack & Company, Union Trust Bldg. Giles & Co., R. C., Columbia Bank Bldg. Gluck, Hetzel & Co., Arrott Bldg. Goldsborough & Smith. 229 4th Ave. Harriman & Co., Henry A., Farmers Bank Bldg. Hemphill, Noyes & Co., Wood St. and Fifth Ave. Holmes & Company, J. H., 419 Wood St. Kay, Richards & Company, Union Trust Bldg. Marshall & Co., 229 Fourth Ave. Masten & Company, A. E„ 323 Fourth Ave. McJunkin, Patton & Company, 414 Union Bank Bldg. Moore, Leonard & Lynch, Union Trust Bldg. Morris, Brown & Company, 316 Fourth Ave. Pittsburgh Stock Exchange Officers: R. S. Richards, Pres. Paul W. Leitch, Asst, to the Secretary Wm. J. Bauer, Treas. Arthur Middleton, Mgr. Clearing House Samuel Carothers, Viee-Pret. Nuttall & Company, R. V., Park Bldg. Parrish & Company, Investment Bldg. Phillips-Schmertz & Co., Union Trust Bldg. Preston, Watt & Schoyer, Union Bank Bldg. Reynolds & Company, Grant Bldg. Robinson & Orr, 248 Fourth Ave. Sinder, Deane & Scribner, Union Trust Bldg. Stout & Company, Investment Bldg. Sunstein & Company, 610 Bessemer Bldg. WELLINGTON & CO., Union Trust Bldg. Wettach & Company, 218 Fourth Ave. Wettengel & Company, A. C., Peoples Bank Bldg. 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. SAN FRANCISCO Adams, W. W. & Co., 465 California St. Alanson Bros. & Co., 486 California St. Bacon & Co., 485 California St. Bankamerica Company, 485 California Street Barth, J. & Co., 482 California St. Bert, Edwin D., 256 Montgomery St. Bolton, Robert C. & Co., 486 California St. 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. Doyle, Feeney Co., 2801 Russ 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, 500 Financial Center Bldg. Hellmann-Wade & Co., 517 California St. Hendrickson, Shuman & Co., 155 Sansome St. Holt & Co., 155 Sansome St. Howell, Douglass & Co., 2100 Russ Bldg. Jenkins, Reginald C., 216 Montgomery St. Johnson, Cyrus B., Kohl Bldg. Kahn, Sidney P., 482 California St. Keyston F. B. Co., 50 Post St. Koshland, Max I. & Co., Suite 12, Mills Bldg. Lelb, Keyston & Co., 50 Post St. Lilienthal, M. P„ 1204 Russ Bldg. Lundborg, Irving & Co., 604 Kohl Bldg. Manheim, Dibbern & Co., 440 Montgomery St. McDonnell & Co., 633 Market St. McNear & Company, 362 Russ Bldg. Meigs, J. J., 315 Montgomery St. Newell Murdoch Railey & Co., 232 Montgomery 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. Slaughter & Russell, 225 Montgomery St. WM. R. STAATS CO., 155 Montgomery St. Steinhardt & Co., 429 Russ Bldg. 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., 485 California St. Warren & Maxwell, 1 Montgomery St. Wilson, Francis A., 1312 Russ Bldg. Witter, Dean & Co., 486 California St. Further Information on firms appearing In bold lace type will be found In the selected list of Investment Dealers following bank list la each city. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis LOCAL STOCK EXCHANGE FIRMS 1657 SAN FRANCISCO—Continued San Francisco Stock Exchange Officers: (155 Sansome St.) F. C. Shaughnessy, Pres. Ross Ambler Curran, V. P. Ruth Kapelsky, Sec. BONDS Minimum Charge 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) MINIMUM RATES OF COMMISSION—In Effect April 28, 1830 Minimum On Stocks Selling Charge t Under $1.00 per share ....... $ 3.00 per 100 shares..$2.50 (Odd lots 12He per share) At $ 1.00 and under $ 3.00 per share.......$ 4.00 per 100 shares..$2.50 (Odd lots 12Hc per share) At $ 3.00 and under $ 5.00 per share.......$ 7.50 per 100 shares..$2.60 (Odd lots 12Hc per share) At $ 5.00 and under $ 10.00 per share........$10.00 per 100 shares..$2.50 (Odd lots 12Hc per share) 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) At $ 75.00 and under $100.00 per share....... $25.00 per 100 shares..$2.50 (Odd lots 25c per share) At $100.00 and under $200.00 per share___ $30.00 per 100 shares..$3.00 (Odd lots 30c per share) 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 $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 five per cent of the money involved in the trade. On New York Stock Exchange stocks: At $ .50 per share and under $1.00 per share............ $ 6.00 per 100 shares At $1.00 per share and under $5.00 per share............$10.00 per 100 shares 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. WASHINGTON, D. C. *Registered Firms ♦Auchincloss, Parker & Redpatch, 719 15th St., N. W. ♦Booker, Y. E. & Company, 730 15th St., N. W. ♦Brown, Goodwyn and Co., 730 15th St., N.W. Ferris Co., Inc., George M., 15th and New York Ave., N. W. ♦Harriman & Keech, 815 15th St., N.W. ♦Hibbs.W. B. & Co., 725 15th St., N.W. ♦Johnston, James M. & Company, 15th & H Sts., N. W. Jones & Co., Inc., Robert C., 15th and H. Sts., N. W. Mackall, Jr., W. W„ 15th and H. Sts., N. W. ♦MACKUBIN, LEGG & CO., 15th & H. Sts. N.W. 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..............................................................................12Hc. per $100 All other bonds........................................................................ 25c. per $100 McKnew & Co., Inc., D. H., 719 15th St., N. W Stroud, Kurtz & Co.,Inc., 17th and H. Sts., N.W. Thompson & Co., Inc., E. E., 725 15th St., N.W. ♦Kenneth S. Wales & Co., 839 17th St., N. W. Waggaman, Brawner & Company, Inc., 1700 Eye St., N. W. ♦Westheimer & Company, 15th St., N. W. STOCKS Under 50c a share................................................................... lHc. 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. per share 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. MINNEAPOLIS —ST. PAUL STOCK EXCHANGE ALLISON WILLIAMS CO., 1245 Northwest Bank Bldg., Minneapolis. Barney & Co., 630 Marquette Ave., Minneapolis. Greenmail, A. A., E1509, First National Bank Bldg., St. Paul. Harris-Upham & Co., Roanoke Bldg., Minneapolis. Kalman & Company, 144 Endicott Bldg., St. Paul. Lewis & Co., 601 Second Ave. Minneapolis. McCormick, F. M., 436 Baker Bldg., Minneapolis. Mahoney, C. D., 260 Roanoke Bldg., Minneapolis. Molyneaux, J. J., 15 S. 5th St., Minneapolis. Paine, Webber & Co., Minneapolis. PIPER, JAFFRAY & HOP WOOD, 529 2nd Ave., So., Minneapolis. Selover, Howard R., 264 Roanoke Bldg., Minne apolis. Mlnneapolis-St. Paul Stock Exchange Officers: Howard R. Selover, Pres. Todd W. Lewis, Second V. P. A. A. Greenman, First V. P. D. H. Brown, Sec. and Tr. 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____________________________ 7H cts. per share $5.00 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-------------------- ------ -— H of 1% of amount involved Minimum—$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 Smith & Co., Wharton C., 106 E. 4th St., St. Paul. Thrall West Co., Northwest Bank Bldg., Minne apolis. Wells-Dickey Company, 5th St. and 2nd Ave., Minneapolis. Wood, Harold E. & Co., 1491 1st Nat’l Bk. Bldg., St. Paul. Woodard Elwood & Co., 840 Rand Tower, Minne apolis. SPECIAL RATES ON T.C.R.T.C. NOTES AND SCRIP Notes 25 cts. per $100.00......................................................Minimum $1 50 Scrip 2H cts per 1/100 Scrip................................................Minimum $1.50 MEMBER TO MEMBER—Give-up Rates. Stocks selling under 50c per share_____________ He per share 50c to less than $ 1.00................................... Hepershare $ 1.00 to less than 10.00............................... 2cpershare 10.00 to less than 100.00________________ 3cpershare 100.00 to less than 150.00_______________ 4cpershare 150.00 and over---- ----------------------------------- 11111111111150 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. 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 LOCAL STOCK EXCHANGE FIRMS 1658 NEW ORLEANS 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. New Orleans Stock Exchange Officers. John Dane, Pres. H. M. Butler, 2nd Vice-Pres. George J. Krummel, Sec. RATES OF COMMISSIONS. Established by the New Orleans Stock Exchange. To be charged on all Transactions. 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................................ ............... .7y2 cts. per share From $10.00 up to $25.00 per share...................... 12J4 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________________ 17 ^ 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. 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. Allen C. Huggins, 1st Vice-Pres. Jeffrey Steinhardt, Treas. Erwin R. Schweikhardt, A. Sec. ♦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 pershare 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 CINCINNATI 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. Central Trust Co., 4th & Vine Streets COHLE, H. B. & CO., 711 Union Trust Bldg. Dominick & Dominick, Mercantile Library Bldg. Dunlap, T. Oliver, 407 Mercantile Library Bldg. Eustis, Geo. & Co., 810 Fourth National Bank Bldg. Field, R. E. & Co., 1124 Union Central Bldg. Fox & Chambers, Inc. Gradison, W. D. & Co., 408 Dixie Terminal Bldg. Grau & Co., 1024 Union Central Bldg. Hill & Co., Carew Tower. Hutton, W. E. & Co., First National Bank Bldg. Cincinnati Stock Exchange Officers: W. D. Gradison, Pres. C. H. Reiter, V. P. Guy D. Ballmann, Tr. Charles H. Steffens, Jr., Sec. IRWIN BALLMAN CO., THE, First National Bank 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, 704 Union Central Bldg. WEIL, ROTH & IRVING CO., 217 Dixie Terminal Bldg. Westheimer & Co., First National Bank Bldg. ON RIGHTS AND WARRANTS FRACTIONAL SHARES There shall be charged a Commission not less than 50 cents on fractional shares. As to stocks and rights which are listed on the New York Stock Exchange, the Commission shall not be less than are provided by the rules of the New York Stock Exchange. Whenever the Board of Trustees, however, deems it advisable to do so, they may designate any security listed on the Cincinnati Stock Exchange and any other principal exchange, in which the Commission shall not be less than are provided by the rules of such other Exchanges. RATES TO MEMBERS—GIVE-UPS. On stocks listed only on the Cincinnati Stock Exchange the commission shall not be less than the rate given below: 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 3c Selling at $10.00 and above...................................................Not less than 4c On stocks listed jointly on the New York and Cincinnati Stock Exchange the commission shall not be less than the rates given below: 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 Selling at $10.00 and over____ ____________________ Not less than 2^c RATES TO MEMBERS—CLEARANCE BUSINESS. On business, when the principal is not given up, the commission shall not be less than one-half of the non-member rates. MINIMUM COMMISSION ON RIGHTS AND WARRANTS Provided, however, that on every transaction which involves an amount of $5.00 or more, the minimum Commission shall be not less than $1.00. A transaction which involves under $5.00, the minimum Commission shall be as determined by the broker. ON RIGHTS AND WARRANTS On business for members of the Exchange, the commission on rights and warrants shall be the same as on stocks, except in the case of rights and warrants selling below $100 on which the commission may be mutually agreed upon. ON BONDS On business for members the Commission on Bonds shall not be less than 40 cents per $1,000 par value of Bonds. BONDS. The Commission charge on all bonds, except that of U. S. Bonds, is one-quarter of one per cent on the par value. The Commission charge on U. S. bonds is one-eighth of one per cent. SCHEDULE OF RATES OF COMMISSION There shall be charged the following commissions: ON STOCKS Price Rate Per Share Selling under $1.00 per share................... ..............._„.Not less than 3c Selling at $1.00 per share and below $5.00 per share__ Not less than 7Hc Selling at $5.00 per share and below $10.00 per share..Not less than 15c Selling at $10.00 per share and below $150.00 per share.Not less than 25c Selling at $150.00 per share and below $200.00 per share.Not less than 50c Selling at $200.00 per share and below $300.00 per share.Not less than $1.00 Selling at $300.00 per share and below $400.00 per share.Not less than $1.50 Selling at $400.00 per share and over.............................. Not less than $2.00 MINIMUM COMMISSION ON STOCKS Provided, however, that on every transaction which involves an amount of $15.00 or more, the minimum commission shall be not less than $2.50. A transaction which involves under $15.00, the minimum commission shall be as determined by the broker. There shall be charged the following Commission: Price Rate Per Right or Warrant Selling under 50c.....................................................(as mutually agreed upon) Selling at 60c but under $1.00.................. Not less than 3c Selling at $1.00 but under $5.00____________________ Not less than 5c Selling at $5.00 but under $10.00................ ..Not less than 7J^c Selling at $10.00 and above.......... ........... Not less than 15c 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 LOCAL STOCK EXCHANGE FIRMS SEATTLE Blackford, John C„ Hoge Bldg. Bramhall & Stein, Hoge Bldg. Brown-Jeklin Co., Exchange Bldg. DRUMHELLER, ERLICHMAN & WHITE, Exchange Bldg. Easter & Co., F. K., 717 Second Ave. Erwin & Co., Lincoln, Exchange Bldg. 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. Hawkins & Co., R. M., Central Bldg. Herrin & Co.. H. M., Exchange Bldg. Hughbanks, Inc., Dexter Horton Bldg. Kutz & Co., John A., 1010 Second Ave. Lanser, Agnew & Lawton, Inc., 810 Second Are. Latimer & Co., A. G., Dexter Horton Bldg. Lewis, Erwin & Co., 202 Marion St. Lockett & Co., G., Railway Exchange Bldg. McConahy, C. D„ American Bank Bldg. Meiklejohn & Brown, 1321 Smith Tower. Seattle Stock Exchange Officers: Charles G. Mullen, Pres. Harry J. Markey, Sec. F. K. Easter, Vice-Pres. J. F. Lanser, Treaa. Charles T. Donworth, Counsel BATES OF COMMISSION Per Minimum Share Charge On Stocks Selling: $2.50 Under $1.00 per share_______________________ - 5* 2.50 .12 Yii At $1.00 and under $2.60 per share....................... 5.00 At $2.50 and under $5.00 per share......................... - 15* 5.00 At $5.00 and under $25 00 per share...................... . 25* 5.00 . 50* At $25.00 and under $50.00 per share__________ 5.00 . 75* At $50.00 and under $75.00 per share..._______ 5.00 .$1.00 At $75.00 and under $100.00 per share................ .$1.50 5.00 At $100.00 and under $150.00 per share Oaks, Prescott, 607-1411 Fourth Ave., Bldg. Pacific National Co., Second and Madison. Peoples Bank & Trust Co., 1414 4th Ave. Puget Mortgage Securities, Inc., Empire Bldg. Pratt & Co., H. P., Hoge Bldg. Riker & Woolsey, Inc., Hoge Bldg. The Seattle Co., Second and Columbia. Smith & Strout, Inc., Leary Bldg. Speckert, Frank J„ 105 Cherry St. A. J. Theis & Co., 1003 Green Bldg. Underwriters Finance Corp., Colman Bldg. United National Corporation, Exchange Bldg. 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 all transactions where the total amount of money involved is less than $25.00, the commission charge shall be discretionary with the member. In no case need the commission on warrants and/or rights selling under fifty cents exceed 5% of the money involved in the trade. BONDS $5.00 per $1,000 par value or fraction thereof. LOUISVILLE ALMSTEDT BBOTHEBS, 425 W. Market St. Culbertson, S. A., Inter Southern Bldg. HENNING CHAMBERS & CO., 431 W. Jefferson St. HILLIARD & SON, J. J. B.,419 W. Jefferson LYONS & COMPANY, W. L., Kenyon Bldg. L. H. McHenry & Co., U. S. Trust Bldg. Stein Brothers & Boyce, 427 W. Jefferson St. Wakefield & Co., Dunlap, 413 W. Jefferson St. WILLSON & CO., JAMES C., 130 S. Fifth St. COMMISSION BATES Commission on stocks selling at less than $150 per share..................... $ .25 Commission on stocks selling over $150 and less than $250_______ .60 Commission on stocks selling over $250 and less than $500................ 1.00 Commission on stocks selling over $500..... ................................... 2.00 Minimum Commission............................. -............................... -...........1.00 Commission on bonds $2.50 per $1,000 Louisville Stock Exchange Officers: S. Clay Lyons, President Edward H. Hilliard, Vice-President A. J. Howard, Treasurer F. L. Almstedt, Secretary DENVER Carroll & Co., Inc, Guardian Trust Bldg. Trevor Currie, 437 U. S. National Bank Bldg. Cleek & Co., 319 C. A. Johnson Bldg. Coe & Co., W. L., 611 C. A. Johnson 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., 421 U. S. Nat’l Bank Bldg. Meyer-Martin & Co., Suite 931 U. S. Nat’l Bank Bldg. Denver Stock Exchange Officers: Warren R. Given, Pres. R. 0. Kermode, V. P. Nation Wide Investment Co., 2239 E. Colfax Ave. P. B. Rosebrough, 1536 Welton St. W. F. Ryan, 509 17th St. Stern-Stovall Co., 404 Patterson Bldg. A. F. Woodward, 521 U. S. National Bank Bldg. R. E. Young & Company, 1706 Stout St. Units of Trading (Board Lots) A. Downs, TV. Ralph M. Davis, See. The unit of trading (board lots) shall be as follows: BATES OF COMMISSION Commissions Charged Stocks selling under 5 cents—Five per cent on money. Stocks selling at 5 cents and under 10 cents—$2.50 per 1,000 shares. Stocks selling at 10 cents and under 25 cents—J-<j cent per share. Stocks selling at 25 cents and under 50 cents—$1.50 per 100 shares. Stocks selling at 50 cents and under $1.00—$2.50 per 100 shares. Stocks selling at $1.00 and under $2.50—$3.00 per 100 shares. Stocks selling at $2.50 and under $5.00—$5.00 per 100 shares. Stocks selling at $5.00 and under $10.00—$7.50 per 100 shares. Stocks selling at $10.00 and under $25.00—$12.50 per 100 shares. Stocks selling at $25.00 and over—}4 of 1% on money. Minimum commission is as follows: On orders amounting to $30.00 or less, 81.50; on stocks selling under $10.00 per share, $2.50; on stocks selling at $10.00 and above, $3.50;. No State Tax is required on trans actions executed on the Denver Stock Exchange. 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 25 cents per share—500 shares. Stocks selling at 25 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. RICHMOND 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. Mason-Hagan, Inc., 916 E. Main Street. Miller & Patterson, 203 Mutual Bldg. Murphy, G. M.-P. & Company, 907 E. Main St. NOLTING, FBED’K E., INC., 8th and Main Sts. Richmond Stock Exchange Officers: E. Addison Rennolds, Pres., Thomas Branch & Co. Robert P. Martin, Vice-Pres., Davenport & Co. Henry C. S. Patterson, Secretary & Treasurer, Miller & Patterson. 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.............._............ 12^c per share Selling at $15 and under $50................................................ 25c Selling at $50 and under $150.................... 50c “ Selling at $150 and over...................................................... 1.00 RICHMOND COBP., 809 E. Main Street. Scott & Stringfellow, Mutual Bldg. Wheat, James C„ American Nat’l Bk. Bldg. Williams, John C. & Company, 1107 E. Main St BONDS Municipals, public utilities, and rails................................... 25c per hundred All others................................................................................50c " “ 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 1660 LOCAL STOCK EXCHANGE FIRMS Adams, Merrill & Co., 36 Pearl Street Austin & Co., Q. L„ 64 Pearl Street Ballard & Company, 43 Pearl Street Barnes & Co., Roy T. H., 125 Trumbull Street Blssell & Co., C. S., 36 Pearl St. Conning & Company, 50 Lewis Street COOLEY & COMPANY, 100 Pearl St. HARTFORD Easland & Company, 49 Pearl Street. Eddy Brothers & Co., 33 Lewis Street Goodwin Beach & Co., 94 Pearl Street Paine, Webber & Co., 49 Pearl Street. Hartford Stock Exchange Officers: Wm. D. Holman, President E. Welles Eddy, Vice-President Thomas C. Perkins, Secretary M. L. Stevens, Asst. Secretary Chas. S. Bissell, Treasurer All bonds Stocks selling: Below $ 25 $ 25___ 49% 50___99% 100___ 199% 200....299% 300___ 499% 500___ 699% 700 up Perkins, Thomas C., 36 Pearl Street. Putnam & Company, 6 Central Row. Shaw, Aldrich & Co., 75 Pearl Street Stevenson, Gregory & Co., 56 Pearl Street. Thomson, James L., 690 Asylum Ave. Whaples, Viering & Co., 129 Trumbull Street COMMISSION CHARGES % of 1% .12% .25 .50 1.00 2.00 3.00 4.00 5.00 Commission Commission Commission Commission Commission Commission Commission Commission Commission SALT LAKE CITY Baglin, George, Newhouse Bldg. Badger, R. A. & Co., 16 West 2nd So. Street. Barclay, Featherstone & Co., Newhouse Bldg. CHILD, BARCLAY CO., Stock Exchange Bldg. Cole Allen Co., Atlas Bldg. Davies, Badger & Co., 23 W. 2nd So. St. Dixon, B. W. Co., 407 Scott Bldg. Conrad, W. K., Walker Bank Bldg. Deming, J. H., Felt Bldg. Doscher, H. W., Walker Bank Bldg. Havenor, Pett & Co., Newhouse Bldg. Hogle, J. A. & Co., 132 So. Main Street. Hurley, A. L„ Boyd Park Bldg. Johnson, J. C., 132 So. Main Street. Lowe, I. D., 132 So. Main Street. Lynch, J. C. & Co., Kearns Bldg. Larson, A. R., Elks Club. Mandell, J. J., Beason Bldg. Salt Lake City Stock Exchange Officers: J. A. Barclay, President I. D. Lowe, Isi Vice-Pres. B. W. Dixon, 2nd Vice-Pres, E. C. Davies, 3rd Vice-Pres. J. H. Deming, Sec. and Treas. McLeod, J. N., % Tintic Standard Mining Co. Nebeker, W. D., Stock Exchange Bldg. Snow, V. S„ 282 Canyon Road. Ure, Pett & Morriss Inc., Beason Bldg. Watson, Geo. H. & Co., 22% E. 1st So. St. Weiler, W. S., Stock Exchange Bldg. A. J. West, First Security Trust Co. Whitney, C. L., Stock Exchange Bldg. Woolley, F. R., Walker Bank Bldg. COMMISSION CHARGES $1.00 per 1,000 shares Stocks selling under lc___________________ Stocks selling at lc and under 5c............... $1.25 per 1,000 shares Stocks selling at 5c and under 10c................ $2.50 per 1,000 shares % cent pershare Stocks selling at 10c and under 35c..... Stocks selling at 35c and under 75c......... 1 cent pershare 1% cent pershare Stocks selling at 75c and under $1.00.._____ Stocks selling at $1.00 and under $10.00...............__.1% 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. COLORADO SPRINGS, COLORADO Balkam, C. M„ 338 First Nat’l Bk. Bldg. Boettcher-Newton & Co., Mining Ex. Bldg. Carlton, L. G., Golden Cycle Bldg. Gray, William, Mining Exchange 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. Secretary—C. M. Balkam, 418 Mining Exchange Bldg. RATES OF COMMISSION Adopted December 31, 1925 Under lc per share_____ ______ ______ ________ $ .50 per 1 ,000 shares .75 per 1 000 shares At lc and under 2c per share................. At 2c and under 5c per share................ x.25 per 1 ,000 shares 2.00 per 1 ,000 shares At 5c and under 10c per share_______ 3.00 per 1 ,000 shares At 10c and under 20c per share............. 4.00 per 1 ,000 shares At 20c and under 30c per share______ 5.00 per 1 ,000 shares At 30c and under 40c per share........... 6.00 per 1 000 shares At 40c and under 50c per share............. 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 7.50 per 100 shares At $5.00 and under $10.00 per share__ *At $10.00 and under $25.00 per share. 15.00 per 100 shares 25.00 per 100 shares At $25.00 and over per share________ (Minimum commission shall not be less than $1.00 on an individual transaction.) ♦Golden Cycle Corp.—20c per share. Sachs, Henry, First Nat’l Bk. Bldg. Shove-Hager & Co., Mining Exchange Bldg. Tutt, Chas. L., Mining Ex. Bldg. Young, H. A., Independence Bldg. Young, R. S., Mining Ex. Bldg. ON BONDS (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. HONOLULU Andrade, Joe, Tel. 1291 Bishop Trust Co., Ltd., 1415 King St. Bldg. Campbell, A. J., 79 Merchant St. Cooke Trust Co., Ltd., 920 Fort St. Hawaiian Trust Co., Ltd., 120 S. King St. Rice & Co., Ltd., A. H„ 227 S. King St. Union Trust Co., Ltd., 1025 Alakea St. Honolulu Stock Exchange Officers: Arthur H. Rice, Pres. Dan B. Fisher, Exec. Sec. Geo. H. Kellerman, V. P. Hawaiian Tr. Co., Ltd., Tr. 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 below $ .10_________ ____ _____ ____ % per share Stocks selling at .10 and under $ 1.00______ .01 per share Stocks selling at 1.00 and under 2.50...................02% pershare Stocks selling at 2.50 and under 5.00.................. 07% pershare 5.00 and under 10.00............. 12% pershare Stocks selling at Stocks selling at 10.00 and under 20.00............. 20per share Stocks selling at 20.00 and under 50.00_________.25 per share 50.00 and under 75.00............ .35 per share Stocks selling at Stocks selling at 75.00 and under100.00__________ .40 per share Stocks selling at 100.00 and above_______________ % of 1% Minimum commission on stocks $2.50. Minimum commission on Bonds one fourth of one per cent on par, but not less than 50c. Walker, Samuel A., 80 Merchant St. Walsh, John J., Dillingham Bldg. Witter, (Dean) & Co., 115 Merchants St. On stock, negotiated with broker members of exchanges on the mainland and executed by such broker members on or off those exchanges, the com mission shall not be less tnan: Odd Lots Stocks Selling at: Per 100 Shares per Share $ .10 and under $ 1.00 $ 4.00 $.09 1.00 and under 2.50 10.00 .15 2.50 and under 5.00 15.00 .20 5.00 and under 10.00 20.00 .25 10.00 and under 20.00 27.50 •32% 20.00 and under 25.00 30.00 .35 25.00 and under 50.00 32.50 .37% 50.00 and under 75.00 35.00 .40 75.00 and under 100.00 40.00 .45 100.00 and under 125.00 45.00 .50 125.00 and under 200.00 50.00 .55 For each additional $50.00 or fraction, add $10.00 to the commission per 100 shares. Minimum commission on stocks $5.00. Minimum commission on Bonds, one half of one per cent on par. Odd lots (less than one hundred shares). To these rates shall be added a Wireless charge of not less than $2.50, Exchange, Insurance, Interest and Postage charges, the 1st execution, and $1.25 each execution thereafter, providing these executions are placed the same day. (Amended Sept. 28, 1933). Further information on Arms 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