Full text of Rand McNally Bankers Directory : January 1933 : Local Stock Exchange Firms

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LOCAL STOCK EXCHANGE FIRMS
LOS ANGELES
Akin-Lambert Co., Room 401, 639 So. Spring St.
Bankamerica Co., 650 South Spring St.

GRANT, D. G. COMPANY, Room 415, 453
So. Spring St.

PIERCE, E. A. & CO., 515 West 6th St.

BANKS, HUNTLEY & CO., 634 South Spring

Graves, Banning & Co., Room 600, 625 So. Spring
St.
Hay, Earl G., Room 926, 650 So. Spring St.

Rath, Howard G. Co., Ground Floor. 523 W. 6th
St.
Robinson, B. B. Rm. 1316, 639 So. Spring St.
Ruddock, A. B., 650 So. Grand Ave.
Searl-Merrick Co., Room 810, 634 So. Spring St.

Bayly Brothers, Inc. of California, 727 West 7t.h St.
Bissinger, Frederick M. & Co., 840 So. Serrano Aye.
Brashears, G. & Co., 510 So. Spring St.
Burr, Geo. H., Conrad & Broom, Inc., Room 501,
621 So. Spring St.
CAVALIER, WM. & CO.,
Ground Floor Lobby, 523 W. 6th St.
CITIZENS LOS ANGELES CO.,
453 So. Spring St.

Crisler, L. A. & Co., Room 702, 639 So. Spring St.
Crowell, Weedon & Co., Room 923, 650 So.
Spring St.
Dickinson, R. B., Room 507, 325 W. 8th St.
Dunk-Harbison Co., 634 S. Spring St.
Ellis, S. H„ Inc., Room 1119, 639 So. Spring St.
Friedlander & Speth, Inc., Room 607, 650 So.
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.
Laswell & Co., Room 211, 609 So. Grand Ave.
Lewis, M. H. & Co., Room 420, 453 So. Spring St.
Logan & Bryan, 636 South Spring St.
Los Angeles Investment Securities Co., 1033 So.
Broadway.
Martin, James R. & Co., 647 South Spring St.
Miller, Clyde E., 1262 Third Avenue
Miller, Revel & Co., Room 510, 650 So. Spring St.
Morris, A. W„ Room 701, 219 W. 7th St.
Pacific Company of California, 621 South Hope St.
Paul, W. G., Room 701, 704 South Spring St.
Phillips & Co., 412 West 6th St.

SECURITY-FIRST NATIONAL CO., 215 W.
6th St.
STAATS, WM. R. CO., 640 South Spring St.

Sutro & Company, Room 300, 210 W. 7th.
Tucker, Hunter, Dulin & Co., 621 S. Spring St.
Tulk & Co.. Room 1007, 219 W. 7th St.
Welch, Brian K., 623 So. Hope St.
Welch, Torrance C. & Co., Room 1301, 639 So.
Spring St.
Wilke, Fred L., 530 W. Sixth St.
Williams, Tenney & Co., Room 500, 210 W. 7th
St.
Witter, Dean & Co., Room 611, 210 W. 7th St.
Young-Clarke & Co., Room 212, 215 W. 7th St.

McClarty Harbison, Pres,
Francis P. Graves, 1st V. P.
W. G. Paul, 2d V. P.

Los Angeles Local Stock Exchange, Officers

James R. Martin, Tr.
Floyd E. Sanford, Sec. and Mgr.

MINIMUM RATES OF COMMISSION
In Effect January 9, 1933

SCHEDULE “A”

COMMISSION RULES:

For the minimum commission on stocks listed on the New York Stock
Exchange and/or formally listed on the New York Curb Exchange, and
such stocks traded on the unlisted division of the New York Curb Exchange
as are specifically approved by the Board of Governors, see Schedules “B”
and “C.” *
All stocks traded on the unlisted section of the New York Curb Exchange
take the rates under Schedule “A” as above, excepting such stocks as are
approved by the Board of Governors.
On all transactions where the total amount of money involved is $10,00
or less, the commission charge shall be optional and w'here the total amount
of money involved is in excess of $10.00 but less than $50.00 the commis
sion 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.
For all transactions in New York a charge must be made for insurance,
postage, exchange or any other expenses.
PENALTY for violation of the above rates is suspension and fine, or
expulsion from the Exchange.

Minimum rates of commission EXCEPTING on stocks listed on the
New York Stock Exchange and/or formally listed on the New York Curb
Exchange.
Per 100
Odd Lots
On Stocks Selling
Shares
(per share)
Minimum
Under 25c_______________
$2.00
•$ 01M
25c and under 50c________
$ 2.50
.05
2.50
50c and under $1.00______
3.00
2.50
7.34
$ 1.00 and under $ 3.00_
. 4.00
2.50
.1234
$ 3.00 and under $ 5.00.
. 7.50
2.50
• 12J4
$ 5.00 and under $ 10.00.
. 10.00
2.50
.1234
$ 10.00 and under $ 25.00.
. 17.50
.25
2.50
$ 25.00 and under $ 50.00.
. 20.00
.25
2.50
$ 50.00 and under $ 75.00..
. 22.50
.25
2.50
$ 75.00 and under $100.00.
. 25.00
.25
2.50
$100.00 and under $125.00.
. 30.00
.30
3.00
$125.00 and under $150.00.
. 30.00
.30
3.00
$150.00 and under $200.00.
. 30.00
.30
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 (1 /10th) the com
mission charged for 100 shares. The commission on odd lots shall be on
the pro rate basis. The commission on Rights shall be fixed by the Floor
Trading Committee.
BONDS

Minimum
Bonds selling up to 125..................... $22.50 per $10,000 par value
Less than $10,000 Lots..................... $ 2.50 per $ 1,000 par value $2.50
At 125 and over, 100 share rates for stocks apply for $10,000 par
value
Less than $10,000 par value.............................................................Pro Rata

NOTE:

Liberty Bonds. .................................$ 1.25 per $ 1,000 par value__ $1.25

Special rates are allowed on Stock" listed on both New York and Los Angeles
Exchanges. These rates may be had on application to the Los Angeles Stock
Exchange.

In lots of less than $1,000 par value minimum charge is optional.

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

1851

1852

LOCAL STOCK EXCHANGE FIRMS

Adams, W. W. & Co., 465 California St.
Alanson Bros. & Co., 486 California St.
Bacon & Co., 485 California St.
Barth, J. & Co., 482 California St.
Berl, Edwin D., 256 Montgomery St.
Bolton, Robert C. & Co., 486 California St.
Brayton, Douglass & Co., 211 Montgomery St.
Bremer, Milton A., 256 Montgomery St.

Grimes & Swift, 500 Financial Center Bldg.
Haley, S. M. & Co., 315 Montgomery St.
Hellmann-Wade & Co., 517 California St.
Hendrickson, Shuman & Co., 2404 Russ Bldg.
Holt & Company, 155 Sansome St.
Howell & Dwyer, 485 California St.
Johnson, Cyrus B., 155 Sansome St.
Kahn, Sidney P., 482 California St.
Keyston F. B. Co., 50 Post St.
Koshland, Max I. & Co., Suite 12, Mills Bldg.
Leib, Keyston & Co., 50 Post St.
Lilienthal, M. P., 1204 Russ Bldg.
Logan & Bryan, 401 Montgomery St.
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. & Co., 315 Montgomery St.

SAN FRANCISCO

CAVALIER, WM. & CO., 121 Sutter St.
Coleman, Jr., Robert L., 133 Montgomery St.
Cooke, Fisher & Co., 351 Montgomery St.
Curran & Hooker, 155 Sansome St.
Davis, Skaggs & Co., 521 One Eleven Sutter Bldg.
Ehrman, Albert L„ 519 California St.
Fagan, Eastland & Co., 1 Montgomery St.
Filmer, Bradford & Maxwell, 37 Montgomery St.
Greenwood-Raggio & Co., 1501 Russ Bldg.

San Francisco Stock Exchange Officers:
(155 Sansome St.)
Albert L. Ehrman, Pres.
Reginald C. Jenkins, V. P.
Ruth Kapelsky, A. Sec.

Newell, Murdoch, Railey & Co., 232 Montgomery
St.
Norris, L. H. & Son, 425-429 Pine St.
Norris, L. H. & Son, 425-429 Pine St.
Parrish, Earl T., 315 Montgomery 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.
Stern, John D., 155 Sansome St.
Steinhardt & Co., 429 Russ Bldg.
Strassburger & Co., 133 Montgomery St.
Sutro, Adolph G., 155 Sansome St.
SUTRO & CO., 407 Montgomery St.
Warded, Doyle & Co., 2801 Russ Bldg.
Wilson, Francis A., 1312 Russ Bldg.
Witter, Dean & Co., 486 California St.

BONDS
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, 1930
Minimum
On Stocks Selling
Charge
t Under $1.00 per share........... ......................$ 3.00 per 100 shares..$2.50
(Odd lots 12J^c per share)
At $ 1.00 and under $ 3.00 per share___ $ 4.00 per 100 shares. .$2.50
(Odd lots 12)^c per share)
At $ 3.00 and under $ 5.00 per share___ $ 7.50 per 100 shares_.$2.50
(Odd lots 12J^c per share)
At $ 5.00 and under $ 10.00 per share___ $10.00 per 100 shares..$2.50
(Odd lots 12}4c 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)
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.
t In no case need the commission on rights selling under fifty cents exceed
five per cent of the money involved in the trade.

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:
On New York Stock Exchange stocks:
At $ .50 per share and under $1.00 per share........ ..$ 5.00 per 100 shares
At $1.00 per share and under $5.00 per share........ ..$10.00 per 100 shares
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.
For all transactions in New York (and all out of town transactions) a
charge must be made for insurance, postage, exchange, or any other expenses.
The minimum rate for insurance and postage on New York shipments shall
be 15c per $1,000 involved.

DENVER
Trevor Currie, 1566 Pearl St.
Coe & Co., W. L., 1026 Patterson Bldg.
Downs & Co., 707 United States Nat’l Bk. Bldg.
W. R. Given & Co., Suite 804 Interstate Trust
Bldg.

H. H. Hurd & Company, 631 U. S. Nat’l Bank
Bldg.
Ralph G. McFann & Co., 421 U. S. Nat’l Bank
Bldg.
Meyer-Martin & Co., Suite 436 U. S. Nat’l Bank
Bldg.

Denver Stock Exchange Officers:
R. G. McFann, Pres.
Harry Stern, V. P.
R. H. Martin, Dir.

Nation Wide Investment Co., 2239 E. Colfax Ave.
Palmer & Co., Elihu, 300-28 E. & C. Bldg.
Stern-Stovall Co., 404 Patterson Bldg.
R. E. Young & Company, 1706 Stout St.

Units of Trading (Board Lots)
A. Downs, Tr.
Ralph M. Davis, Sec.

RATES 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—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—M of 1% on money.
Minimum commission on stocks selling under $10.00 per share—$2.50.
Minimum commission on stocks selling at $10.00 and above—$3.50.

The unit of trading (board lots) shall be as follows:
Stocks selling at 1 cent per share or under—5,000 shares.
Stocks selling above 1 cent per share and under 10 cents per share—1,000
shares.
Stocks selling at 10 cents per share and under 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.

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

1853

HARTFORD
Adams, Merrill & Co., 36 Pearl Street
Austin & Co., G. L., 17 Lewis Street
Ballard & Company, 43 Pearl Street
Barnes & Co., Roy T. H., 125 Trumbull Street
Bissell & Co., C. S„ 36 Pearl St.
Conning & Company, 50 Lewis Street

FRANCIS R. COOLEY & CO., 135 Pearl St.
Easland & Company, 49 Pearl Street.
Eddy Brothers & Co., 33 Lewis Street
Goodwin, Beach & Riley, 94 Pearl Street
Paine, Webber & Co., 49 Pearl Street.

Hartford Stock Exchange Officers:
Kenneth S. Adams, President
Goodwin B. Beach, Vice-President
Thomas C. Perkins, Secretary
M. L. Stevens, Asst. Secretary
William D. Holman, Treasurer

All bonds
Stocks selling:
Below $ 25
8 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 St.
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

WASHINGTON, D. C.
Auchincloss, Parker & Redpatch, 719 15th St.
N. W.
Booker, Y. E. & Company, 730 15th St., N. W.
Glover & Flather, 1508 H St., N. W.

Hibbs, W. B. & Co., Hibbs Bldg.
Johnston, James M. & Company, Shoreham Bldg.

Washington Stock Exchange Officers:
Edward L. Hillyer, Pres.
C. J. Gockeler, V. P.
James M. Johnston, TV.
Y. E. Booker, Sec.

COMMISSIONS CHARGES
BONDS
Government______ ________ ____________ ____
All other bonds...... .................... ............. ......................

12%c. per $100
25c. per $100

Murphy, G. M. P. & Company, 1510 H St., N. W.
Waggaman, Brawner & Company, Inc., 1700 Eye
St., N. W.
Westheimer & Company, Woodward Bldg.
STOCKS
Under 50c a share.........................._...................................... l%c. per share
At 50c a share and above, but under $1_________
3c.
pershare
At $1 a share and above, but under $5_________________ 5c.
pershare
At $5 a share and above, but under $10.........
10c.
pershare
At $10 a share and above, but under $50________
15c.
pershare
At $50 a share and above, but under $100______________ 25c.
pershare
At $100 a share and above, but under $200_____________ 50c.
pershare
At $200 a share and above----------------------- %% of amount of transaction
Commissions on Rights shall be the same as those fixed for stocks.
Fractional shares:
Less than % share—--------- ---------------------------- 25c. each transaction
% share and over----------- ------------ ------------------50c. each transaction
Minimum charge of $1.50 on any single transaction except fractional
shares.

CHICAGO
Abbott, Hoppin & Co., 208 S. La Salle St.
Aldrich, F. C. & Co., 120 S. LaSalle St.
Apgar, Daniels & Co.. 120 S. LaSalle St.

Gerwig, Frank L. & Co.. 39 S. LaSalle St.

BABCOCK, RUSHTON & CO., 112 W. Adams
St.

Harris, Burrows & Hicks, 208 S. La Salle St.

BACHE, J. 8. & CO., 316 S. LaSalle St.
BACON, WHIPPLE & CO., 112 W. Adams St.
Baker. Alfred L. & Co.. Ill S. LaSalle St.
Barney & Co., Chas. D„ 135 S. La Salle St.
Bennett, James E. & Co., 332 S. LaSalle St.
Blumenthal, E. M. & Co., 120 S. LaSalle St.
Boettcher-Newton & Co., 231 W. La Salle St.
Brown Brothers, Harriman & Co., 231 S. La Salle
St.
Cahn, Morton D„ 120 S. LaSalle St.
Chapin, S. B. & Co., 209 S. LaSalle St.
Clark, Jno. F. & Co., 112 N. Franklin St.
CLARK, CHILDS & KEECH, 208 S. LaSalle
St.
Cleary & Co., 120 S. LaSalle St.
Clement, Curtis & Co., 231 S. LaSalle St.
DAVIS, PAUL H. & CO., 37 S. LaSalle St.
Ditt, Paul C. & Co., 120 S. LaSalle St.
EASTMAN, DILLON & CO., 104 S. LaSalle St.
Ettinger & Brand, 208 S. La Salle St.
Fairman, Perry & Co., 208 S. LaSalle St.
Faroll Bros., 141 W. Jackson Blvd.
Fenner, Beane & Ungerleider, Chicago Board of
Trade Bldg.
FIELD, GLORE & CO., 123 S. LaSalle St.
Fisher (Vories) Marr & Co., 105 S. LaSalle St.
Frank, A. R. & Co., 120 S. LaSalle St.
Fuller, Cruttenden & Co., 120 S. LaSalle St.

HALLGARTEN & CO., 120 S. LaSalle St.
HARRIS, UPHAM & CO., 112 W. Adams St.
Harrison, A. H. & Co., 120 S. LaSalle St.
Hitchcock & Company, 39 S. LaSalle St.
HORNBLOWER & WEEKS, 39 S. LaSalle St.
Hulburd, Warren & Chandler, 208 S. LaSalle St.
JACKSON BROS., BOESEL & CO., 316 S.
LaSalle St.
Jackson & Curtis, 231 S. LaSalle St.
LAMBORN, HUTCHINGS & CO., 231 S.
LaSalle St.
LAMSON BROS. & CO., 141 W. Jackson Blvd.
Lester. Carter & Co., 209 S. LaSalle St.
Logan & Bryan, 105 W. Adams St.
Marlow & Blum, 141 W. Jackson Blvd.
McDonald, Frank E. & Co., 120 S. LaSalle St.
Mills, W. S. & Co., 120 S. LaSalle St.
MITCHELL, HUTCHINS & CO., 231S. LaSalle
St.
MOSELEY, F. S. & CO., 112 W. Adams 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.
Paine, Webber & Co., 209 S. LaSalle St.
Patton, Joseph R. & Co., 120 S. LaSalle St.

PERRILL, ALGER & CO., 231 S. LaSalle St.
PIERCE, E. A. & CO., 105 W. Adams St.
Reinhardt, Daly & Co., 208 S. La Salle St.
Rothschild & Co., 105 W. Adams St.
Russell, Brewster & Co., 112 W. Adams St.
Sadler, Fred D. & Co., 208 S. LaSalle St.
Schuberth, Wm. A. & Co., 120 S. LaSalle St.
Shearson, Hammill & Co., 208 S. LaSalle St.
Shields & Company, 105 W. Adams St.
Shimmin, Robert P. & Co., 120 S. LaSalle St.
Sincere, Charles & Co., 231 S. LaSalle St.
Slaughter, A. 0., Anderson & Fox, 120 S. LaSalle
St.
Smart, R. H. & Co., 141 W. Jackson Blvd.
Smith Bros., Rogers & Co., 105 S. LaSalle St.
Smith, Graham & Rockwell, 141 W. Jackson
Blvd.
Stein, Alstrln & Co., 219 S. LaSalle St.
Stoddard & Boyden, 120 S. LaSalle St.
SUTRO BROS. & CO., 200 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.
Trask, Spencer & Co., 208 S. LaSalle St.
Turner & Billings. 141 W. Jackson Blvd.
Wayne Hummer & Co., 105 W. Adams St.
Webster, Marsh & Co., 209 S. LaSalle St.
Weinress, (Morton) & Co., 231 S. LaSalle St.
White, Edward J. & Co., 120 S. LaSalle St.
WINTHROP, MITCHELL & CO., 141 W.
Jackson Blvd.
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 eachJitr


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1854

LOCAL STOCK EXCHANGE FIRMS
CHICAGO—Continued

Chicago Stock Exchange Officers:
Paul H. Davis, Pres.
,
M. J. O'Brien, V. P.
Harvey T. Hill, Exec. V. P.
Jess Halsted, Sec.
Paul B. Skinner, Tr.
Charles T. Atkinson, Sec. Emeritus
Kenneth L. Smith, A. Sec.
Martin E. Nelson, A. Tr.
BATES 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, 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,
17Hc 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,
2He per share.
On stocks selling at $125 per share and over, 3c per share, except that
the minimum commission shall be not less than as provided in Section 3
of this Article.
(c3) On business for members of the Exchange when a principal is not
given up, the commission shall be-not less than the following:
On stocks selling below $10 per share but not less than $1 per share,
lHc per share.
On stocks selling at $10 per share and above, but under $125 per share,
3He per share.
On stocks selling at $125 per share and over, 5c per share, provided,
however, that the minimum commissions on individual transactions shall be
not less than as provided in Section 3 of this Article.
(d) In transactions where orders are received from a non-member, where
in the broker filling the order is directed to give up another broker or clearing
house, the responsibility of collecting the full commission, as specified in
Subdivisions (al), (b) and (cl), hereof, shall rest with the broker or clearing
house settling the transaction.
(e) In transactions where orders are received from a member, on which
the clearing firm is given up by said member or by his order, the responsibility
of collecting the full commission, as specified in Subdivisions (a3), (b) and
(c3), hereof, shall rest with said clearing firm; and it shall be the duty of the
broker who executes such orders to report such transactions to the clearing
firm and render to them and collect his bill therefor at the rate specified in
Subdivisions (a2), (b) and (c2), hereof; and also that where a broker executes
an order for a member and clears the security himself, he must charge the
rates specified in Subdivisions (a3), (b) and (c3), hereof.

(f) Whenever a nonmember of this Exchange shall cause to be executed
in any market outside of the United States any order or orders, for the
purchase or sale of securities listed on this Exchange, (except as provided in
Subdivision [h] hereof), and said purchase or sale shall be accepted by a
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 non
member, the commission as specified in Subdivisions (al), (b) and (cl),
hereof, must be charged whether said securities are received or delivered
upon the day of expiration of said privilege or prior thereto.
(h) On Subscription Rights, Stocks selling for less than $1 per share;
Bonds or Notes of Foreign Countries having five years or less to run; Notes
of Corporations having five years or iess to run; Bonds having five years or
less to run; such rates to members or non-members as may be mutually
agreed upon; provided, however, that the Committee on Commissions, with
the approval of the Governing Committee, may hereafter determine special
rates on any or all of the above mentioned securities.
(i) When a member merely receives and delivers securities for another
member, the clearing charge for said service may be a matter of mutual
agreement, and the restrictions as to minimum commissions contained in
this Article shall not be applicable. Such clearing charges shall be based
upon a stipulated sum of money for each one hundred shares of stock or one
thousand dollars of bonds received or delivered. The payment for said
service of a certain sum of money for any period of time, irrespective of
the number of shares or amount of bonds cleared, is forbidden.
Sec. 3. The minimum commission on transactions in stocks for non
members (except in stocks selling for less than $1.00 per share) shall
(a) Where the transaction involves $200.00 or more, be not less than
$5.00;
(b) Where the transaction involves less than $200.00 but $15.00 or
more, be not less than $3.00; and
(c) Where the transaction involves less than $15.00, be as may be
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 be not less than the following:
Under 50c per right or share of stock:
May be mutually agreed upon.
50c per right or share of stock, but under $1.00:
To non-members, not less than 3c; minimum 50c.
To members, give-ups, not less than He.
To members, clearance, not less than He.
$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 lMc.
$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

1855

LOUISVILLE
Almstedt Brothers, 425 W. Market Street
Culbertson, S. A., Inter Southern Bldg.

HILLIARD & SON, J. J. B.,419 W. Jefferson
St.

STEIN BROTHERS & BOYCE, 427 W. Jefferson
St.

HENNING CHAMBERS & CO., 431 W. Jeffer
son St.

LYONS & COMPANY, W. L., Kenyon Bldg.

Wakefield & Co., Dunlap, 413 W. Jefferson St.

McHenry & Co., L. H., United States Trust Bldg.

WILLSON & CO., JAMES C., 130 S. Fifth St.
COMMISSION RATES

Commission on stocks selling at less than $150 per share _
$ 25
Commission on stocks selling over $150 and less than $250
.
50
Commission on stocks selling over $250 and less than $500
1 00
2 00
Commission on stocks selling over $500______________ _
Minimum Commission ..................... _......... .......................... ................ l.oo
Commission on bonds $2.50 per $1,000

Louisville Stock Exchange Officers:
S. Clay Lyons, President
W. N. Clarke, Vice-President
A. J. Howard, Treasurer
F. L. Almstedt, Secretary

NEW ORLEANS
Airey & Richardson, 816 Union St.
Beer & Co., 817 Gravier St.

Jones & Co., Larz E., 734 Gravier St.
Lehman, Stern & Co., 840 Union St.

DANE & WEIL, Inc., 1530 Canal Bk. Bldg.

MOORE & HYAMS, 610 Commons St.

Fenner, Beane & Ungerleider, 818 Gravier St.
Glenny & Company, 718 Whitney Bldg.
HIBERNIA SECURITIES CO., Inc., 226 Hi
bernia Bank Bldg.

Pierce & Co., E. A., Maritime Bldg.
SAUNDERS, SON & CO., Inc., 2104 American
Bk. Bldg.

Smith & Co., Mason, 843 Union St.

A. B. Wheeler, Jr., Pres.
C. H. Hyams, 2nd Vice-Pres.
George J. Krummel, Sec.

New Orleans Stock Exchange Officers.

Tessier & Son, C. A., 134 Carondelet St.
Villere & Co., St. Denis J., 552 Canal Bk. Bldg.
Weil & Co., Inc., 1019 Union Indemnity Bldg.
Wells & Stanton, 202 New Orleans Bk. Bldg.
WHEELER & WOOLFOLK, 720 Common St.
WOOLFOLK, HUGGINS & SHOBER & CO.,
1406 Canal Bk. Bldg.

John Dane, 1st Vice-Pres.
A. W. Mysing, Treas.
Erwin R. Schweikhardt, A. 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.Oo----------------------------------------------7}^ cts. per share
From $10.00 up to $25.00 per share_________________ 12M 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_________________ 2§ cts. per share
From $100.00 up to $200.00 per share________________ 50 cts. per share
On stocks selling at $200.00 per share and over, 50 cts. for the first $200.00
in price and 5 cts. per share additional for each $50.00 increase in
price or fraction thereof.
*By resolution of the Governing Committee it is permissible for members
to charge on these issues the minimum commission prevailing thereon
on the other exchange on which these bonds are listed.

ON BANK STOCKS SELLING:
a sllare-----------------------------------------------25 cts. per share
At $1.00 and up to $75.00, exclusive,____ ____________ 50 cts. per share
At $75.00 and up to $100.00, exclusive,_______________75 cts. per share
At $100.00 and up to $200.00, exclusive____________
$1 00 per share
At $200.00 and over----------------------------------- 14 of 1 % of Market Value
On Exchange, Theatre and Club Stocks selling:
At or below $100.00._______________________________ §5.00 per share
anc* $1.000-00----------------------------- 5% of market value
At $1,000.00 and up to $5,000.00, exclusive____________$50.00 per share
At $5,000.00 and up to $10,000.00, exclusive_________ $100.00 per share
At $10,000.00 and up to $15,000, exclusive___________ $150.00 per share
At $15,000.00 and up to $20,000.00____
$200.00 per share
Commissions on rental of Exchange stocks shall be $25.00 as a minimum
charge.
On rentals for periods less than one year the commission shall be pro-rated,
provided no commission less than $10.00 shall be charged.
THE MINIMUM CHARGE ON ANY ONE TRANSACTION SH4LL
BE $2.00

BALTIMORE
BAKER, WATTS & CO., Calvert and Redwood
Sts.

A. P. Barrett & Co., 3 E. Lexington St.
ALEXANDER BROWN & SONS, Calvert and
Baltimore Sts.

Frank B. Cahn & Co., Equitable Bldg.
Douglas G. Carroll & Co., 4 Stock Exchange Bldg.
J. C. Cooper & Co., 7 Stock Exchange Bldg.
Owen Daly & Co., 23 South St.
D. Fahnestock & Co., 14 Stock Exchange Bldg.
J. Harmanus Fisher & Sons, 7 South St.

ROBERT GARRETT & SONS, Garrett Bldg.

E. W. R. Grieves & Co., 408 Balto. Life Bldg
John D. Howard & Co., South and Redwood Sts.
Jenkins, Whedbee & Poe, 10 South St.
W. W. Lanahan & Co., Calvert Bldg.
W. G. Leimbach & Co., 7 St. Paul St.
Lockwood, Peck & Co., Keyser Bldg.
MACKUBIN, GOODRICH & CO. South and
Redwood Sts.

Murphy & Co., G. M. P., Calvert Bldg.
Alex. C. Nelson & Co., 20 Stock Exchange Bldg.
Riggs & McLane, 32 South St.
John J. Riordan, Jr. & Co., Fidelity Bldg.

Baltimore Stock Exchange Officers:
Harry Fahnestock, Pres.
Chas. W. L. Johnson, V. P.
John Redwood, Sec, and Tr.
J. H. Kummer, Exec, Sec.
RATES OF COMMISSION

Minimum Commissions on Stocks
Selling at Prices Below

Under 50c a share............................._.
At 50c a share and above, but under $1
At $1 a share and above, but under $5
At $5 a share and above, but under $ 10
At $10 a share and above, but under
$50___________________ ______
At $50 a share and above, but under
$100_____________________________

At $100 a share and above, but under
$150_________________________
At $150 a share and above, but under

6Mc

Strother, Brogden & Co., Calvert and Redwood
Sts.
Howard R. Taylor & Co., 4 Stock Exchange Bldg.
Weilepp-Bruton & Co., Munsey Bldg.
Westheimer & Co., 213 E. Redwood St.
J. H. Wheeler & Co., 1 Stock Exchange Bldg
Henry White & Co., 1414 Fidelity Bldg.
Whitely & Co., T. Evans., 3 Stock Exchange Bldg
RATES OF COMMISSION

4 c

40c

10 c
7 c
50c
13 c
8 c
At $200 a share and above_________
%%
.06%
.04%
M% 4
of amount of amount of amount
of
of
of
transaction transaction transaction
$200_____________________________


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

STEIN BROS. & BOYCE, 6 S. Calvert St.

Minimum Commissions on Stocks
Selling at Prices Below

TO BE CHARGED TO
NonMembers Members
Members
when no when name
name is is given up
given up
IMc
Me
Me
3 c
Me
Me
5 c
IMc
1 c
10c
2 c
lMc
15c
4 c
2Mc
25c

Frank Rosenburg & Co., Ill E. Redwood St.
J. H. Rowland & Co., 7 South St.
Schwarz, Morton & Schwarz, 202 Keyser Bldg.
Harry B. Soper & Co., 401 Vickers Bldg.

taring in bold face type will be fou

TO BE CHARGED To
NonMembers Members
Members when no when name
name is is given up
given up
$2.50
75c
50c

D ,
Bonds-------...
--------- -------- Bonds running three years or less—
selling at not below 90 nor above 110 $1.00
30c
20c
The above rates apply to all transactions made on this Exchange in
stocks listed on the New York Stock Exchange.
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, provided that the commission
charge on any such transaction involving a total amount of less than $50 00
nmy be by mutual arrangement.
[ in the selected list of Investment Dealers following bank list in each city.

LOCAL STOCK EXCHANGE FIRMS

1856

BOSTON
Adams, L. Sherman, 10 Post Office Square.
Baldwin & Co., 30 Federal Street.
Blake Bros. & Company, 111 Devonshire Street.
Bolles, M. & Co., 35 Congress Street, Room 803.
Bowen, J. W. & Co., 53 State Street, Rooms 27, 28.
Bright, Elmer H. & Co., 84 State Street.
Bright, Sears & Co., 53 State Street, Room 203.
Brown Brothers, Harriman & Co., 10 P. O. Square.
BURK, GANNETT & CO., 53 State Street,
Room 29.

Gallagher, R. A. & Co., 50 Congress Street, Rm.
515
Goodwin, Homer & Co., 53 State Street.
Gray & Wilmerding, 84 State Street.
Griffin, James F. & Co., 53 State Street, Room 36A.
Griffith, Norman, 60 Congress Street, Rooms
411-412.

PIERCE, E. A. & CO., 45 Milk Street.

KIDDER, PEABODY & CO., 115 Devonshire
Street.

Southgate, Stevenson & Co., 10 Post Office Square.
Thorndike & Allen, 53 State Street, Room 309.
Thornquist, Carl J., 53 State Street, Room 36B.
Tifft Brothers, 50 Congress Street.
Townsend, Anthony & Tyson, 15 State Street.
Tucker, Anthony & Co., 74 State Street.
Wainwright, H. C. & Co., 60 State Street, Room

Tfnnmo 40R-DR

DAT, R. L. & CO., 45 Milk Street.

Hitching, E. J. & Co., 75 Federal Street.
Laidlaw & Co., 24 Federal Street.
Lee, Higginson & Co., 70 Federal Street.
Long & Nash, 10 Post Office Square.
Lutz, Roger A. & Co., 60 State St.
Moors & Cabot, 111 Devonshire Street.

Fales, T. C. & Co., 140 Federal Street.
Gagen, T. F. & Co., 53 State Street, Rooms 36A.

Mott, Louis P. & Co., 80 Federal Street, Room308
Newton & Co., 31 Milk Street.
Paine, Webber & Co., 82 Devonshire Street.

HORNBLOWER & WEEKS, 60 Congress Street

Hines, Robertson & Co., 60 Congress Street,

Hovey, Chandler & Co., 82 Devonshire Street,
Room 326.
Hutchins & Parkinson, 53 State Street.
Jackson & Curtis, 10 Post Office Square.
Jacobs, Williams & Co., 50 Congress Street.

ESTABROOK & CO., 15 State Street.

MOSELEY, F. S. & CO., 50 Congress Street.

Prince, F. H. & Co., Ames Building, Room 1.
Proctor, Cook & Co., 50 Congress Street.
Schirmer, Atherton & Co., 79 Milk Street.
Scudder, Stevens & Clark, 10 Post Office Square.
Sears & Co., 68 Devonshire St.

HAYDEN, STONE & CO., 75 Federal Street

Clark, Childs & Keech, 10 P. O. Square.
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.
Downer & Co., 53 State St., Room 36A

Moran, John J. & Co., 53 State Street, Room 636-

SMITH. EDWARD B. & CO., 1 Federal Street.

101.

Whitney, Byam & Co., 53 State Street, Room 633.
Whitney & Elwell, 30 State Street.
Williston, J. R. & Co., 53 State Street, Rooms 209,
210.

Wrenn Bros. & Co., 30 Federal Street.
STOCKS PER SHARE

Boston Stock Exchange, Officers

James Dean, Pres.
Charles A. Collins, Vice-Pres.

George A. Rich, TV.
George A. Rich, Sec.

RATES OF COMMISSION
In Effect July 7, 1933
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)

Selling below 50c.-...........................................-...............................Optional
Selling at 50c or above, but under $1............................................. \Yi cents
Selling at $1 or above, but under $5....................... -.................. - 5 cents
Selling at $5 or above, but under $10............................................cents
Selling at $10 or above, but under $25........... ......... ................ ---J2J4 cen!s
Selling at $25 or above, but under $50........................ ................. 15 cents
Selling at $50 or above, but under $75..........................................17H 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 snail
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.

DETROIT
Alison & Co., 244 Buhl Bldg.
BACHE, J. S. & CO., 119 Penobscot Bldg.

Baker, Simonds & Co., 1134 Buhl Bldg.
Bennett, Smith & Co., 640 Griswold Street.
BRAND, DRESSER & CO., 982 Penobscot
Bldg.

Brown, John L. & Co., 625 Penobscot Bldg.
Butler & Co., J. M., 224 Penobscot Bldg.
Collin & Co., Frederick, 1442 Griswold Street.
Crouse & Co., 1817 Penobscot Bldg.
Cullen, Ferriss & Colquhoun, 884 Penobscot Bldg.
DOMINICK & DOMINICK, 314 Ford Bldg.

Ettinger & Brand, 216 Penobscot Bldg.
Farrand, Newcomb & Hatch, 2006 Penobscot
Bldg.
Fenner, Beane, & Ungerleider, 639 Penobscot
Bldg.
Ferriss, Wagner & Miller, 1444 Buhl Bldg.

HARRIS, SMALL & CO., 1400 Penobscot
Bldg.

PARCELLS, CHARLES A. & CO., 539 Penob
scot Bldg.

Hentz, H. & Co., 1 Buhl Bldg.

Pardee, M. L. & Co., 224 Ford Bldg.

HORNBLOWER & WEEKS, 244 Penobscot
Bldg.
HUTTON, W. B. & CO., Fisher Bldg.

PIERCE, E. A. & CO., 1 Ford Bldg.

Jennings & Busby, 500 Fidelity Bank & Tr. Bldg.
Livingstone, Dennis & Renfrew, 409 Griswold St.
MacCrone, E. E. & Co., 2664 Penobscot Bldg.
McLean & Co., John F., 1806 Penobscot Bldg.
MOSS, W. E. & CO., 2316 Union Guardian
Bldg.

Rathbun & Co., 2656 Penobscot Bldg.
Reilly, W. E. & Co., 1446 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.
Walker, William T. & Co., 1304 Penobscot Bldg.
Wallace & Co., 4450 Penobscot Bldg.
Watling, Lerchen & Hayes, 344 Buhl Bldg.
Woodruff, D. M. & Co., 1546 Penobscot Bldg.

O’Donnell, Humphries & Fuehrer, 517 Penobscot
Bldg.
O’Hara, Weber & Co., 238 Buhl Bldg.
Paine, Webber & Co., 100 Penobscot Bldg.
Stocks selling at $75.00 per share and above, but under $100.00, not less
than 20c per share.
Detroit Stock Exchange Officers:
Stocks selling at $100.00 per share and above, but under $200.00, not
Laurence P. Smith, Pres.
Charles B. Crouse, Vice-Pres.
less than 25c per share.
Raymond W. Reilly, Tr.
Clark C. Wickey, Asst, to Pres.
Stocks selling at $200.00 per share and above, but under $250.00, not
Clark J. W. Colby, Sec.
less than 30c per share.
COMMISSION RATES
For each additional $50.00 in price, 5c additional, Except That
Commission on bank, trust and insurance company stocks are:
Stocks selling under 50c per share, 2% of amount involved.
Stocks selling under $50.00, not less than 30c per share.
Stocks selling at 50c per share and above, but under $1.00, not less than
Stocks selling at $50.00 per share and above, but under $100.00, not less
3c per share.
than 50c per share.
Stocks selling at $1.00 per share and above, but under $10.00, not less
Stocks selling at $100.00 per share and above, but under $150.00, not
than 7J^c per share.
,
less than 75c per share.
,
_____
Stocks selling at $10.00 per share and above, but under $25.00, not less
Stocks selling at $150.00 per share and above, but under $200.00, not
than 12J^c per share.
, ____
less than $1.00 per share.
,
,
Stocks selling at $25.00 per share and above, but under $50.00, not less
Stocks selling at $200.00 per share and above, but under $2o0.00, not
than 15c per share.
less than $1.50 per share.
Stocks selling at $50.00 per share and above, but under $75.00, not less
Stocks selling at $250.00 per share and above, $2.00 per share,
than 17Mc per share.

MINNEAPOLIS —ST. PAUL STOCK EXCHANGE
BANCNORTHWEST COMPANY, 620 Mar
quette Ave., Minneapolis.

Barney & Co., Minneapolis.

Guaranteed Mortage Co., 1240 Baker Bldg.,
Minneapolis.
Kalman & Company, 144 Endicott Bldg., St. Paul.
Lewis & Co., 601 Second Ave. Minneapolis.
Marquette Trust Co., Minneapolis

N. W. Discount & Acceptance Corporation, 708
Thorpe Bldg., Minneapolis.
Paine, Webber & Co., Rand Tower, Minneapolis.
Smith & Co., Wharton C„ 262 Bremer Arcade,
St. Paul.
Wells-Dickey Company, 5th St. and 2nd Ave.,
Minneapolis.

FIRST SECURITIES CORPORATION COM
METROPOLITAN NATIONAL CO., 219 Met
PANY, 1100 Builders Exchange Bldg.,
ropolitan Bk. Bldg., Minneapolis.
Minneapolis.
Mlnneapolis-St. Paul Stock Exchange Officers:
Wharton C. Smith, Pres.
Robert G. Hopwood, V. P.
SPECIAL RATES ON BANK STOCKS
Howard R. Selover, V. P.
Robert M. Bell, Sec. and Tr.
$1.00 to less than $10.00.................................................. 10
COMMISSION RATES
$10.00 to less than $25.00...........
12^
Effective March 15, 1932
$25.00 to less than $50.00______________
15
Stocks selling under 50 cts. per share........................
2 cts. per share
$50.00 to less than $75.00...............
YlYi

From 50 cts. to less than $1.00...................
3 cts. per share
$1 00 to less than $5.00.................. ............................ ........ - 5 cts. per share
$5.00 to less than $10.00....................
10 cts. per share
$10.00 to less than $25.00___________
15 cts. per share
$25.00 to less than $100.00.__________
25 cts. per share
$100.00 to less than $150.00______
30 cts. per share
$150.00 to less than $200.00.............
.50 cts. per share
$200.00 and over_____________________
M of 1 % of amount involved
Minimum $1.00 for stocks selling under $10.00 per share
Minimum $2.00 for stocks selling at $10.00 and over
Rights—same as stocks.
Bonds per $1,000.00 and less---------------------------------------------------$2.50

cts .per share
cts. per share
cts. per share
cts per share.
$75.00 to less than $100.00..............
20 cts. per share
$100.00 to less than $200.00_______________ _______ 25 cts. per share
$200.00 and above______ ________________________ 25 cts. per share
plus 5 cts. per share additional for each $50.00 increase in price or
fraction thereof.
Minimum—as above.
SPECIAL RATES ON T.C.R.T.C. NOTES AND SCRIP
Notes 25 cts. per $100.00..................................................................Minimum$1.50
Scrip 2'A cts per 1/100 Scrip...... ..................................
Minimum$1.50

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

1857

LOCAL STOCK EXCHANGE FIRMS

ST. LOUIS
Aid & Company, Security Bldg.

Gessler, E. A. & Son, Merchants-Laclede Bldg.

Barklage, Louis, 317 N. 4th Street.

Hawes & Company, Landreth Bldg.
Hill Bros. & Company, Security Bldg.

Bauer Bros. Brokerage Co., 312 North 4th Street.
Bennett, Jas. E. & Co., 705 Olive Street.
Brown, Paul & Company, Paul Brown Bldg.
Daly & Co., Bank of Commerce Bldg.

JONES, EDW. D.&CO., Boatmen’sBank Bldg.

D’Oench, Duhme & Co., Franklin-Am.Tr.Bldg.

Louderman, W. M., Bank of Commerce Bldg.
Nickerson & Company, Boatmen’s Bank Bldg.
Rassieur, Sweeney & Co., 506 Olive Street.
Reinholdt & Gardner, Security Building.
H. L. Ruppert & Co., 402 Pine Street.
Seddon, Morfit, & Harvey, Inc., Landreth Bldg.
Semple, Jacobs & Co., Rialto Building.

EDWARDS, A. G. & SONS, 409 North 8th St.
FRANCIS BROS. & CO., 4th & Olive Streets.
Friedman & Co., Wm. Stix, 513 Olive Street.
Gatch Bros., Jordan & McKinney, 411 Olive St.

Knight & Co., Harry H„ 401 Olive St.
LITTLE & HAYS INV. CO., LaSalle Bldg.

St. Louis Stock Exchange Officers:
John A. Aid, Pres.
Wm. H. Burg, 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 $1.12J^ 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.
___________________ ____

SIMON, I. M. & COMPANY, 315 North 4th St.
Smith, Moore & Co., LaSalle Bldg.
STIFEL, NICOLAUS & CO., Boatmen’s Bank
Bldg.
Stix & Company, LaSalle Bldg.
Taussig, Day, Fairbank & Co., Boatmen’s Bank
Bldg.
Timmerman, F. C., & Co., Cotton Belt Bldg.
Wade, Festus J. & Co., Columbia Bldg.
WALDHEIM, PLATT & CO., 513 Olive Street.
WALKER, G. H. & CO., Broadway & Locust
Streets.
Whitaker & Company, 300 North 4th Street.

Stocks selling at $10.00 per share and less than $25.00 per share, $0.12H
per share.
Stocks selling at $25.00 per share and less than $100.00 per share, $0.25
per share.
Stocks selling at $100.00 per share and less than $300.00 per share,
$0.50 per share.
Stocks selling at $300.00 per share and less than $500.00 per share,
$0.75 per share.
Stocks selling at $500.00 per share and over, $1.00 per share.
BONDS
On bonds, $2.50 per $1,000 par value.
U. S. Bonds, $0.62J^ per $1,000 par value.
The minimum commission to be charged shall be $1.00.

NEW YORK
Abbott, Hoppin & Co., 120 Broadway
Abraham & Co., 120 Broadway
Adler, Coleman & Co., 15 Broad Street
Ames Brothers, 39 Broadway
Anderson, Block & Co., 50 Broadway
Andrews, Posner & Rothschild, 26 Broadway
Appenzellar, Allen & Hill, 55 Broadway
Arnold & Company, 32 Broadway
Ash & Co., Mervin, 1 Wall Street
ASIEL & CO., 11 Wall Street
Auchincloss, Mills & Bergen, 1 Wall Street
Auerbach, Poliak & Richardson, 30 Pine Street
Baar, Cohen & Company, 120 Broad Street
BABCOCK, RUSHTON & CO., 50 Broadway
Bach, White & Company, 120 Broadway
BACHE & CO., J. S., 42 Broadway
Baker & Co., Alfred L., 115 Broadway
Baker, Weeks & Harden, 52 Wall Street
Bamberger Bros., 39 Broadway
Barbee & Co., 40 Wall Street
Barnet, Fuerst & Co., 29 Broadway
Barney & Co.,Chas. D„ 65 Broadway
Barnwell, Arthur & Co., 24 Broad Street
Barrett & Company, 30 Broad Street
Baylis & Co., 25 Broadway
Bear, Stearns & Company, 1 Wall Street
Beekman, Wm. B. & Co., 20 Broad Street
Beer & Company, 60 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
Berdell Bros., 1 Wall Street
Berg. Eyre & Kerr, 50 Broadway
Bernard, Winkler & Co., 52 Wall Street
Biggs, Mohrman & Co., 1 Wall Street

BROWN BROTHERS HARRIMAN & CO.
59 Wall Street.
Brown & Gruner, 39 Broadway
Brown & Co., Paul, 61 Broadway.
Brown & Co., Vernon C., 71 Broadway.
Brumley & Anderson, 120 Broadway
Bryan, Penington & Colket, 111 Broadway
BULL & ELDREDGE, 20 Broad Street
BURNET (W. E.) & CO., 11 Wall Street
Burnham, Herman & Co., 44 Wall Street
Burnside & Co., 61 Broadway
Burton, Cluett & Dana, 120 Broadway
Butler, Herrick & Marshall, 24 Broad Street
Butler, Wick & Co., 40 Wall Street
Byck & Lowenfels, 50 Broad Street
Bywater & Leary, 50 Broadway
Cahn & Co., Frank B., 120 Broadway.
Callaway, Fish & Co., 15 Broad Street
Campbell & Co., H. G„ 149 Broadway.
Carey, H. T. & Co., 50 Broadway
CARLETON & MOTT, 170 Broadway
Carlisle, Mellick & Co., 50 Broadway
Carreau & Snedeker, 63 Wall Street
Carter & Co., 48 Wall Street.
CASSATT & CO., 1 Wall Street
CASSEL, H. & CO., 52 Wall Street

DOMINICK & DOMINICK, 115 Broadway
Douglas & Company, F. H., 61 Broadway.
Doyle & Company, Frank, 50 Broadway.
Drake & Co., Wilcox, 49 Broad Street.
DRYSDALE & CO., 71 Broadway
Du Bosque, George & Farrington, 52 Wall 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
Dyer, Hudson & Co., 61 Broadway
EASTMAN, DILLON & CO., 120 Broadway
Edge & Co., C. N., 20 Exchange Place.
Edmonds & Pentz, 1 Wall Street.
Edwards & Sons, A. G„ 49 Broad.
Einstein & Co., H. G., 42 Broadway.
Eliott & Co., Gilbert, 11 Broadway.
Elmer & Nettleton, 49 Wall Street
Ely & Son, 65 Broadway
Emanuel & Co., 32 Broadway
Engel & Kent, 120 Broadway
Erdman & Co., 25 Broadway
Eric & Drevers, 40 Wall Street.
Ernst & Company, 120 Broadway
Estabrook & Co., 40 Wall Street
Ettinger & Brand, 40 Wall Street
Evans, Stillman & Co., 14 Wall Street
Fahnestock & Co., 1 Wall Street
Fahy & Co., Walter J., 29 Broadway
Faroll Brothers, 50 Broadway
Farr & Co., 90 Wall Street
Feitner & Co., Q. F., 49 Wall Street.
Fenner, Beane & Ungerleider, 60 Beaver Street.

Chapin, S. B. & Co., Ill Broadway
Chapman, Carman & Co., 100 Broadway
Chauncey & Co., 61 Broadway
FIELD, GLOBE & CO., 38 Wall Street
Chisholm & Chapman, 52 Broadway
Clark & Co., Jno. F„ 27 William Street.
Filer & Co., 39 Broadway
Clark, Childs & Co., 11 Broadway
Filor, Bullard & Smyth, 39 Broadway
Clark, Dodge & Co., 61 Wall Street
Finch, Wilson & Co., 120 Broadway
Clews & Co., Henry, 7-9-11 Broadway.
Florentino & Co., 120 Broadway
Clucas & Company, E. W., 70 Pine Street.
Foster & Adams, 120 Broadway
Coggeshall & Hicks, 111 Broadway
Foster (F. V.) & Co., 11 Wall Street.
Cohen, Simonson & Co., 60 Broad Street
Foster, Marvin & Co., 14 Wall Street
Colgate, Jas. B. & Co., 44 Wall Street
BILLINGS, OLCOTT & COMPANY, 52
Fox, O’Hara & Co., 60 Broad Street
Collins, D. M. & Co., 40 Wall Street
Broadway
Frankel
& Co., J. D., 50 Broad Street.
Connelly & Co., F. J., 37 Wall St.
Fransioli & Wilson, 120 Broadway
Content & Co., H., Ill Broadway.
Blagden & Simonds, 120 Broadway.
Fried
&
Company, Albert, 120 Broadway.
Corlies & Booker, 90 Broad Street
Blake Brothers & Co., 40 Wall Street
Fuller, Rodney & Co., 14 Wall Street
Coulon & Co., E. J., 39 Broadway.
Blumenthal Bros., 71 Broadway
Gaines
&
Company, 1 Wall Street
Cowen & Co., 120 Broadway
Gallic & Co., 40 Wall Street
Cronin & Co., J. P., Ill Broadway
BLYTH, BONNER & KIMBLEY, 52 Wall St.
Gammack & Co., 39 Broadway
Curtis & Co., 25 Broadway
George & Farrington, 52 Wall Street
Curtiss, House & Company, 61 Wall Street
BOETTCHER, NEWTON & CO., 52 Wall St.
Gilbert & Co., Clinton, 120 Broadway
Dabney & Co., F. L., 61 Wall Street.
Gilchrist, Bliss & Co., 120 Broadway
Dann & Company, J. C., 65 Broadway.
Gimbel & Co., Louis, 120 Broadway
Davis & Co., Fellowes, 52 Broadway.
Bogert & Co., Beverly, 120 Broadway.
Goadby & Co., W. H., 120 Broadway
Davis & Co., J. W„ 111 Broadway.
Bonbright & Co., George D. B„ 115 Broadway
Goldman, Sachs & Co., 30 Pine Street
Davis & McIntosh, 61 Broadway
Bond, McEnany & Co., 60 Beaver Street
Goodbody & Co., 115 Broadway
Davis & Co., Morgan, 15 Broad St.
Boody, McLellan & Co., Ill Broadway
Goodhart & Co., P. J., 24 Broad Street
Davis & Co., Paul H., 42 Broadway.
Bouvier & Co., M. C., 20 Broad Street
Gordon & Whitney, 115 Broadway
Day & Co., R. L„ 14 Wall Street.
Bradford & Co., J. C„ 40 Wall Street.
Granberry & Co., 65 Broadway
De Coppet & Doremus, 42 Broadway
Bradley, Boyle & Wilson, 1 Wall Street
Graves, Banning & Co., 71 Broadway
de Cordova & Bro., Cyril, 25 Broad Street.
Bramley & Smith, 52 Broadway
De Haven & Townsend, 52 Broadway
Brand, Grumet & Co., 149 Broadway
GRAY & WILMERDING, 44 Wall Street
Dewey, Bacon & Co., 50 Broadway
Brandenburg & Co., 40 Wall Street
De Witt, Fleitmann & Co., 43 Exchange Place
Brayton, Douglass & Company, 52 Wall Street
Green, Ellis & Anderson, 100 Broadway
Dietrich & Company, F„ 1 Wall Street.
Breining & Co., 17 Battery Place
Greene & Brock, 40 Wall Street
Disbrow, Dixon & Potts, 120 Broadway
Bridgman & Company, 26 Broadway
Greer, Crane & Webb, 37 Wall Street_________
Dobbs & Company, 1 William St.
Brooks & Co., J. H., 1 Wall Street.____________
Farther information on firms appearing in bold face type will be found in the selected list of Investment Dealers following bank list In eacb city.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1858

LOCAL STOCK EXCHANGE FIRMS

Gruntal & Co., 60 Broadway
Gude, Winmill & Co., 1 Wall Street
Gutenstein & Markoe, 25 Broadway
Hall, Cohu Bros. & Co., 90 Broad Street
Halladay & Co., 14 Wall Street

Lindley & Co., 52 Broadway
Lipper & Co., Arthur, 50 Broad Street
Livingston & Company, 111 Broadway.
Livingstone, Dennis & Renfrew, 40 Wall Street
Lloyd & Co., 39 Broadway.
Lober Brothers & Co., 37 Wall Street.
Lockwood, Peck & Co., 52 Broadway.
Loeb & Co., Carl M„ 48 Wall Street.
Loeb, Alsberg & Co., 60 Broadway.
Loew & Co., 52 Wall Street.
Loewi & Co., Mortimer W., 24 Broad Street
Logan & Bryan, 42 Broadway.
Lowell & Son, 30 Broad Street
Lowitz, E. & Co., 29 Broadway.
Ludwig, Robertson & Company, 11 Broadway.
Luke, Banks & Weeks, 1 Wall Street.
Lyon & Co., W. Wallace, 40 Wall Street
Mahon & Co., 45 Wall Street.
Mackay & Co., 14 Wall Street.
MacQuoid & Coad.v, 120 Broadway
Maloney & Co., Peter J., 50 Broadway
Manson & Co. .Thos L., 120 Broadway
Marquis & Co., L. J., 39 Broadway
Marshall, Campbell & Company, J. G., 61 Broad
way
Marston & Co., 120 Broadway.
Mayer & Company, Jos. G., 74 Trinity Place.
Maynard, Oakley & Lawrence, 24 Broad Street
McCaffray & Co., Walter P., 25 Broad Street
McClave & Co., 67 Exchange Place.
McClure, Jones & Co., 115 Broadway.
McConnell & Co., H. F„ 60 Wall Tower
McDermott & Co., Peter P., 39 Broadway.
McDonnell & Co., 120 Broadway.
McGough & Schuman, 1 Wall Street.
McWilliam, Wainwright & Luce, 49 Wall Street.
Meehan & Co., M. J., 30 Broad St.
Melady & Co., John, 141 Broadway
Miller & Dodge, 30 Broadway.
Miller & McVickar, 50 Broadway
Millett, Roe & Co., 120 Broadway.
Minton & Co., D. M., Ill Broadway
Mitchell & Watts, 65 Broadway
Montgomery, Scott & Co., 120 Broadway.
Moore & Co., D. T., 50 Broad Street
Moore & Fitzgerald, 66 Beaver St.
Moore, Leonard & Lynch, 111 Broadway.
Moore & Schley, 100 Broadway.

NEW YORK- Continued

HALLE & STIEGLITZ, 25 Broad Street
BALLGARTEN & CO., 44 Pine Street
HALSEY & CO., C. D., 90 Broad Street
Halsted & Harrison, 1 Wall Street
Hamershlag, Borg & Co., 39 Broadway
Hano & Co., 120 Broadway
Harde & Ellis, 1 Wall Street
Hardy & Company, 11 Broadway
Harp, Tierney & Co., 39 Broadway
HARRIMAN & CO., Ill Broadway
Harris, Burrows & Hicks, 111 Broadway
Harris, Upham & Co., 11 Wall Street
Harriss & Co., 115 Broadway
Hart & Co., Neville G„ 111 Broadway.
Hartshorne, Fales & Co., 71 Broadway
Haupt & Company, Ira, 39 Broadway
HAYDEN, STONE & CO., 25 Broad Street
Hedberg & Koppisch, 50 Broadway
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, 40 Exchange Place
Hewitt, Lauderdale & Co., 61 Broadway
Hill, Alfred & Co., 40 Wall Street
Hill, Charles W. & Co., 1 Wall Street
Hirsch, Lilienthal & Co., 165 Broadway
Hiscoe & Company, R. V., Ill Broadway
Hitt, Farwell & Co., 1 Wall Street
Hoge, Underhill & Co., 11 Broadway
Holmes & Co., J. H., Ill Broadway
Holsapple, Safford & Co., 59 Cedar Street
Homans & Co.. 120 Broadway
HORNBLOWER & WEEKS, 42 Broadway
Horton, H. L. & Co., 1 Wall Street
Hoyt & Co., (Colgate,) 14 Wall Street
Hubbard Bros. & Co., 66 Beaver Street
Hume & Benedict, 49 Wall Street
Hume & Thompson, 60 Broadway
Hutchins & Parkinson, 40 Wall Street
HUTTON & CO., E. F., 61 Broadway
Hutton & Co., W. E„ 52 Wall Street
Hyde & Bach, 15 Broad Street
Hyman & Co., 61 Broadway
Ingalls & Snyder, 100 Broadway
ISELIN & CO., A., 40 Wall Street
Jackson Bros., Boesel & Company, 26 Broadway
Jackson & Company, 74 Trinity Place
JACKSON & CURTIS, 115 Broadway
Jacobson & Co., Benjamin, 120 Broadway
Jacquelin & De Coppet, 43-47 Broad Street
Jelke & Co., (Frazier) 40 Wall Street
Jenks, Gwynne & Co., 65 Broadway
Jesup & Lamont, 26 Broadway
Jewett, Newman & Co., 25 Broad Street
Johnson & Wood, 120 Broadway
Joost, Patrick & Company, 90 Broad Street
Joseph & Co., Morris, 25 Beaver Street
Josephthal & Co., 120 Broadway
Kaiser & Company, Louis, 150 Broadway.
Kean, Taylor & Co., 20 Exchange Place
Kennedy & Co., 39 Broadway
Kerr & Armstrong, 42 Broadway
Kidder & Co., A. M„ 1 Wall Street
KIDDER, PEABODY & CO., 17 Wall Street
Koch & Co., Spencer B., 29 Broadway
Kohler, Sheerin & Co., 48 Wall Street
KUHN, LOEB & CO., 52-54 William 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, 50 Broad Street
Lapham, Potter & Holden, 44 Pine Street
Lauer & Co., William E., 50 Broadway
Lawrence & Sons, Cyrus J., 115 Broadway
LAZARD, FRERES, 19 Nassau Street
Lee, Higginson & Co., 37 Broad Street
Lehman Bros., 1 William Street
Leopold & Co., James M., 70 Wall Street
Levy & Co., Robert J., 165 Broadway
Lewinson & Co., Sydney, 40 Wall Street
Lewisohn & Sons, Adolph, 61 Broadway
Libaire & Company, 37 Wall Street
Liberman & Stone, 25 Broad Street
Further information on firms appearing in bold


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MORGAN & CO., J. P., 23 Wall Street.
Morgan, Howland & Company, 120 Broadway.
Morrill, Clarke & Rich, 65 Broadway.
Morris & Co., 120 Broadway.
Morris & Smith, 52 Broadway.
MOSELEY & CO., F. S., 39 Broadway.
Moss, Ferguson & Kerngood, 60 Beaver Street.
Muir & Co., John, 39 Broadway.
Munds, Winslow & Potter, 25 Broad Street.
Munn & Norris, 49 Wall Street.
Murfey, Blossom & Co., 120 Broadway.
Murphy, C. H. & Co., 25 Broadway
Murphy & Company, G. M.-P., 52 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.
Noel, Berman & Langley, 51 Broadway.
Norris & Kenly, 111 Broadway.
Norton & Gwathmey, 1 Wall Street.
Oliphant & Co., Jas. H., 61 Broadway.
O'Neill & Co., Grover, 20 Exchange Place
Orvis Brothers & Co., 60 Broadway.
Orvis & Co., Schuyler A., 25 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, Peake & Co., 24 Broad Street.
Pelzer, B. H. & F. W„ 42 Broadway.
Perkins & Benton, 50 Broadway.
Pforzheimer & Co., Carl H., 25 Broad Street.
Phelps & McKee, 120 Broadway.
PIERCE & CO., E. A., 40 Wall Street.
Popper, Snyder & Co., 39 Broadway
Post & Flagg, 49 Broad Street.
Pouch & Co., 1 Wall Street.
Prentice & Slepack, 25 Broadway.
Prentiss & Co., Geo. H., 44 Wall Street.
PRESSPRICH & CO., R. W„ 68 William
Street.
Prince & Company, Theodore, 120 Broadway.
Proctor, Cook & Co.. 120 Broadway.
Pyne, Kendall & Hollister, 60 Wall Street.
Quincey & Co., Chas. E., 24 Broad Street.
Redmond & Co., 48 Wall Street.
Reiner & Co., Milton E., 74 Trinity Place.
Reinhardt, Daly & Co., 120 Broadway
Reinholdt & Gardner, 120 Broadway.
Reynolds & Co., 120 Broadway.
Reynolds, Fish & Co., 120 Broadway.
Rhoades, Williams & Co., 25 Broad Street.
Rich & Clark, 15 William Street.
Richard, C. B. & Co., 44 Beaver Street.
Richards & Heffernan, 49 Wall Street.
Ristine & Co., F. P., 15 Broad Street.
Rollins & Co., 52 Broadway.

Rose & Co., Luke H., 120 Wall Street.
Rose, Cammann & Co., 120 Broadway.
Rose, Townsend & Carey, 1 Wall Street.
Roth & Co., B. H., 25 Broad Street.
Rothschild & Co., 11 Wall Street.
Rothschild & Co., L. F., 120 Broadway.
Russell, Miller & Company, 11 Wall Street.
RUTTER & COMPANY, 20 Exchange Place.
SALOMON BROS. & HUTZLER, 60 Wall St.
Salomon & Co., F. L., 60 Broadway.
Salomon & Landay, 60 Broadway.
Sargeant, Malo & Co., 65 Broadway.
Sartorius & Smith, 61 Broadway.
Schafer Bros., 1 Wall Street.
Schatzkin & Co., 60 Broad Street.
Schirmer, Atherton & Co., 26 Broadway
Schmeltzer, Clifford & Co., 1 Wall Street.
Schoellkoif & Co., 61 Wall Street.
Scholl & Company, T. F., 37 Wall Street.
Scholle Brothers, 20 Pine Street.
Schwabacher & Co., 120 Broadway.
Seasongood & Haas, 63 Wall Street.
SELIGMAN & CO., J. & W., 54 Wall Street.
Seligman, G. & A., 120 Broadway.
Seligsberg & Co., 50 Broad Street.
Shaskan, E. F. & G., 39 Broadway.
Shea & McMannus, 67 Exchange Place.
Shearson, Haminill & Co., 71 Broadway.
Shields & Company, 52 Wall Street.
Shippee & Rawson, 111 Broadway.
Shuman & Co., 25 Broad Street.
Siegel & Company, 52 Wall Street.
Silberberg, D. H. & Company, 63 Wall Street.
Simmons & Co., E. H. H., 52 Broadway.
Simon & Co., I. M., 115 Broadway.
Simons, Blauner & Co., 70 Wall Street.
Sisto & Co., J. A., 68 Wall Street.
SLAUGHTER, A. O., ANDERSON & FOX,
120 Wall Street.
SMITH & CO., EDWARD B., 15 Broad St.
Smith, Frank & Co., 25 Broad Street.
Smith & Gallatin, 115 Broadway.
Smith, Graham & Rockwell, 50 Broadway.
SMITIIERS & CO., F. S., 15 Broad Street.
Sneckner & Heath, 20 Broad Street.
Spaulding, Tucker & Co., 65 Broadway.
Sparks, J. W. & Co., 50 Broadway.
Spear & Leeds, 39 Broadway.
Spero & Co., 50 Broad Street.
SPEYER & CO., 24-26 Pine Street.
Speyer, Alexander & Co., 24 Broad Street.
Spingarn & Co., Leopold, 52 Broadway.
Springs & Co., 60 Beaver Street.
Stackpole & Buchanan, 120 Broadway.
Stafford & Co., 20 Exchange Place.
Stanton & Co., 52 Wall Street.
Stein, Alstrin & Co., 27 William Street.
STEIN BROS. & BOYCE, 120 Broadway.
Steiner, Rouse & Company, 25 Broad Street.
Stern & Co., Allison, 1 Wall Street.
STERN, KEMPNER & CO., 50 Broadway.
Stevens & Legg, 25 Broad Street.
Stewart & Co., 61 Broadway.
Stokes, Hoyt & Co., 1 Wall Street.
Stout & Co., 25 Broad Street.
Strassburger & Co., 25 Broad Street.
Straus & Company, 25 Broadway.
Strauss, Phillips & Co., Ill Broadway
Struthers & Dean, 49 Wall Street.
Struys & Jones, 52 Broadway.
Sulzbacher, Granger & Co., Ill Broadway.
SUTRO BROS., & CO., 120 Broadway.
Sutro & Co., 44 Wall Street.
Sydeman Bros., 50 Broad Street.
Tailer & Robinson, 39 Broadway.
Talcott, Potter & Co., 25 Broad Street.
Tameling, Lehmann & Co., 120 Broadway.
Tate & Hays, 71 Broadway
Taylor, Bates & Co., 48 Wall Street
Taylor & Co., W. R. K„ 49 Wall Street.
Tefft & Company, 24 Broad Street
Thomas & Torrey, 11 Broadway
Thomson & McKinnon, 11 Wall Street
Tifft Brothers, 40 Wall Street
TIMMINS & COMPANY, J. R., 61 Broadway.
Tobey & Co., 25 Broadway.
Tobey & Kirk, 25 Broad Street
Toerge & Schiffer, 15 Broad Street
Toolin & Co., 39 Broadway
Townsend, Anthony & Tyson, 115 Broadway.
Townsend, Graff & Co., 29 Broadway
Trask & Co., Spencer, 25 Broad Street.
Travers & Clark, 11 Wall Street

TROUNSTINE & CO., J. F., 50 Broadway.
Tucker, Anthony & Co., 120 Broadway
Turnure & Co., Lawrence, 64 Wall Street.
Van Wyck & Sterling, 71 Broadway
Vaughan & Company, 52 Broadway
Vercoe & Co., 11 Wall Street
Vilas & Hickey, 49 Wall Street
Wachsman & Wassail, 29 Broadway
Wadsworth & Wright, 1 Wall Street
ROOSEVELT & SON, 30 Pine Street.
Wagner, Stott & Co., 74 Trinity Place
face type will be found in the selected list of Investment Dealers following bank list in each city.

LOCAL STOCK EXCHANGE FIRMS

1859

NEW YORK—Continued
Wainwright & Co., H. C., 44 Wall Street
Waldheim, Platt & Co., 40 Wall Street.
Walker Brothers, 71 Broadway
Walker & Co., G. H., 1 Wall Street
Walker & Sons, Joseph, 61 Broadway
Wallace & Co., J. K„ 149 Broadway
Wallace & Co., Lew, 1 Wall Street
Waller & Co., 44 Wall Street
Ward, Gruver & Company, 30 Broad Street
Ware & Keelips, 11 Wall Street
Warner & Co., 141 Broadway
Watling, Lerchen & Hayes, 111 Broadway
Watson, Armstrong & Co., 24 Broad Street
Watson & Co., T. L., 40 Wall Street
WATSON & WHITE, 149 Broadway

Weicker & Co., 1 Wall Street
Weingarten, Eisemann & Co., 120 Broadway
Welsl & Co., Edwin, 70 Pine Street
Welles. C. E. & Co., 39 Broadway.
WELLINGTON & CO., 120 Broadway
Wertheim & Co., 57 William Street
Whitehouse & Co., Ill Broadway
White & Stanley, 52 Broadway
White, Weld & Co., 40 Wall Street
Whitney & Sons, H. N., 49 Wall Street
Whitney & Co., Richard, 15 Broad Street
Wightman, Williams & Co., 39 Broadway
Wilcox & Co., 40 Wall Street

New York Stock Exchange Officers:
Richard Whitney, Pres.
Allen L. Lindley, V. P.
Warren B. Nash, TV.
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, 1st Asst. Sec.
the Committee on Stock List

COMMISSION RATES
Rates 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 the basis stated
below:
ON STOCKS
(except as to Ten-Share-Unit Stocks)
See also Called Securities 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 71^c per share
$10.00 per share and above, but under
$25.00______________________________Not less than 12J^c per share
$25.00 per share and above, but under
$50.00______________________________Not less than 15c per share
$50.00 per share and above, but under
$75.00_____________________ _____ __ Not less tha-n 17)^c per share
$75.00 per share and above, but under
$100.00____________________________ Not less than 20c per share
$100.00 per share and above, but under
$200.00_________________ _____ _____ Not less than 25c per share
$200.00 per share and over______________ Not less than 30c per share
plus 5c per share for each
$50.00 or fraction thereof be
ginning at $250.00
The minimum commission (on
stocks selling at 50c and above)
on an individual transaction
shall be not less than $1.00.
This provision shall not apply
on transactions where the
amount involved is less than
$15.00

Willard & Co., F. A., 40 Wall Street
Williams & Co., Clark, 160 Broadway
Williston & Co., J. R., 11 Wall Street
WINTHROP, ROBERT & CO., 48 Wall Street
WLNTHROP, MITCHELL & CO., 26 Broadway
Witter & Co., Dean, 52 Wall Street
Wollman & Co., W. J., 120 Broadway
Wood, Low & Company, 63 Wall Street
Wood, Struthers & Co., 20 Pine Street
Wrenn Bros. & Co., 30 Broad Street
Wright & Sexton, 1 Wall Street
Young, Kolbe & Co., 120 Broadway
Zeltner & Company, C. F., 61 Broadway
Zuckerman, Henry & Co., 52 Broadway

ON TEN-SHARE-UNIT STOCKS
(as designated by the Committee of Arrangements)
See also Called Securities below:
Under $1.00 per share........... .......................... May be mutually agreed upon
$1.00 per share and above, but under $5.00..Not less than 5c per share
$5.00 per share and above, but under$10.OO.Not less than 10c per share
$10.00 per share and above, but under
$100.00__________________ ____ _____ Not less than 20c per share
$100.00 per share and above, but under
$200.00...........
Not less than 25c per share
$200.00 per share and over_______________ Not less than 30c per share
plus 5c per share for each
$50.00 or fraction thereof be
ginning at $250.00
ON SUBSCRIPTION RIGHTS
Under 50c per Right____________________May be mutually agreed upon
50c per Right and above, but under $1.00. .Not less than 3c per Right
$1.00 per Right and above, but under $5.00.Not less than 5c per Right
$5.00 per Right and above, but under $10.OO.Not less than 7^c 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)
See also Called Securities below:
Selling at less than $10.00_______________ May be mutually agreed upon
Selling at $10.00 and above but under $100.00______ Not less than $1.25
Selling at $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:
Such rates to members or non-members as may be mutually agreed upon,
unless special rates are determined upon by the Committee on Quotations
and Commissions.
Note: Said Committee has determined that on said Bonds and Notes
having five years or less to run to maturity, when selling below 90 or above
110, the rates specified for Bonds, generally, shall apply.
CALLED SECURITIES
On Securities which, pursuant to call or otherwise, are to be redeemed
within twelve months:
The Committee on Quotations and Commissions has determined that the
above rates do not apply to securities called for redemption within twelve
months. On such securities the rates of commission may be mutually agreed
upon.
____

CINCINNATI
ASSEL, GOETZ & MOERLEIN, INC., 218
Provident Bank Bldg.
Bartlett, Benj. D. & Co., 313 Vine Street.
BREED AND HARRISON, INC., 504 First
National Bank Bldg.
Central Trust Co., 4th & Vine Streets
COHLE & TYREE CO., 711 Union Trust Bldg.
DOMINICK & DOMINICK, Mercantile Li
brary Bldg.
Dunlap, T. Oliver, 407 Mercantile Library Bldg.

Eustis, Geo. & Co., 810 Fourth National Bank
Bldg.
Field, R. E. & Co., 1124 Union Central Bldg.
FIFTH-THIRD SECURITIES CO., 14 W.
Fourth Street.
FIRST INVESTMENT & SECURITIES CORP.
First National Bank Bldg.
Fox, W. E. & Co., 600 Fourth National Bank Bldg.
Gradison, W. D. & Co., 408 Dixie Terminal Bldg.
Grau & Co., 1024 Union Central Bldg.
Hill, Alfred & Co., 207 Traction Bldg.
HUTTON, W. E. & CO., First National Bank
Bldg.

Cincinnati Stock Exchange Officers:
W. D. Gradison, Pres.
Charles H. Tobias, V. P.
Guy D. Ballmann, Tr.
Richard Seving, Sec.
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 7}^c
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 pershare.Not less than $1.00
Selling at $300.00 per share and below $400.00 pershare.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:
ON RIGHTS AND WARRANTS
Price
Rate Per Right
or Warrant
Selling under 50c.................. .................................. (as mutually agreed upon)
Selling at 50c 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 7Hc
Selling at $10.00 and above........... .............
Not less than 15c
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.

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.
Van Lahr, Doll & Isphording, Inc., 420 Provident
Bank Bldg.
WEIL, ROTH & IRVING CO., 217 Dixie
Terminal Bldg.
Westerfield & Co., 1003 Union Trust Bldg.
Westheimer & Co., First National Bank Bldg.

FRACTIONAL SHARES
There shall be charged a Commission not less than 50 cents on fractiona
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 business for members of the
Exchange when the principal is given up the Commission shall not be less
than the rates given below:
ON STOCKS
Price
Rate Per Share
Selling under $5.00 per share_____________________
Not less than lc
Selling at $5.00 but under $10.00 per share____________ Not less than 3c
Selling at $10.00 and above_________________________ Not less than 4c
RATES TO MEMBERS—CLEARANCE BUSINESS. On business
for members of the Exchange when the principal is not given up, the com
mission shall be not less than on the above give-up basis, plus 5 cents per
share additional, but in no event over the total commission.
ON RIGHTS AND WARRANTS
On business for members of the Exchange, the Commission on Rights and
Warrants, regardless of whether the principal is given up, or is not given
up, the Commission shall not be less than y2 cent per Right or Warrant.
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.

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

1860

LOCAL STOCK EXCHANGE FIRMS

CLEVELAND
Borton & Borton, 810 Hanna Bldg.

Jackson & Curtis, 1737 Union Trust Bldg.

Clark & Company, 2032 Union Trust Bldg.

Livingston & Co., 1289 Union Trust Bldg.

Curtiss, House & Co., 1201 Union Trust Bldg.

Merrill, Hawley & Co., 1483 Union Trust Bldg.

Ettinger & Brand, 200 National City Bldg.
Fenner, Beane & Ungerleider, Leader Bldg.
Will S. Halle & Co., 511 Swetland Bldg.
Hayden, Miller & Co., 1250 Union Trust Bldg.
HORNBLOWER & WEEKS, 1040 Union Trust
Bldg.

David G. Skall & Co., 2031 Union Trust Bldg.

Murfey, Blossom & Co., 901 Guardian Bldg.

W. S. Snyder & Co., 2027 Union Trust Bldg.

Otis & Co., 216 Superior Ave.

Schultz & Co., L. J., 736 Union Tr. Bldg.

PAINE, WEBBER & CO., 1111 Terminal Tower
Bldg.

Witt, Kraus & Co., 1338 Union Trust Bldg.

P. W. Brown, V. P.
C. B. Whitcomb, Sec.

SCHEDULE OF COMMISSION RATES
Prices
Stocks Selling
$1 and under

PULLIAM, EMERY & CO., 1305 Swetland
Bldg.

Maynard H. Murch & Co., 1186 Union Trust Bldg.

Cleveland Stock Exchange Officers:
J. P. Drach, Pres.
Fred H. Emery, Tr.
Robert J. Glick, A. Sec.

E. A. Pierce & Co., 215 Cuyahoga.

Commission
per Share
3c

Wellsted, Macklin & Co., 1280 Union Trust Bldg

Minimum commission $1.00
Above $1 but under $10
7^o
$ 10 but under $ 25
15c
25 but under 50
25c
50 but under 125
30c
125 but under 300
50c
300 but under 500
75c
500 and over
$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.
In regard to stocks listed on both the Cleveland and New York Stock
Exchanges, the rate of commission of the respective exchanges whichever is
lowest shall apply on sales of such stocks on the Cleveland Exchange.

COLUMBUS
Archer, Hugh M., 9 E. Long St.
BANCOHIO SECURITIES CORP., Gay and
High Sts.
BROWER, INC., RAYMOND T., Huntington
Bank Bldg.

Fenner, Beane & Ungerleider, Chamber of Com
merce Bldg.

MEEKER, CLAUDE, 8 E. Broad St.
O’Brien & Laning, Huntington Bank Bldg.
STEVENSON, VERCOE, FULLER & LORENZ,
Huntington Bank Bldg.
VERCOE & CO., Huntington Bank Bldg.

FREEMAN, FREDERICK W., 16 E. Broad St.
Gray & Co., Eugene, 16 E. Broad St

Columbus Stock Exchange Officers:
Herman J. Engler, Pres.
Luke Green, Sec. and Treas.

Frederick W. Freeman, V. P.

COMMISSION RATES
Bank stocks—$1.00 per share

25c per share

PORTLAND, OREGON
Atkinson, Jones & Co. Inc., 87 Sixth St.
Barneson & Co., H. J., 320 Stark St.
Blankenship, Gould & Keeler, Inc., Wilcox Bldg.

Commonwealth Securities Corporation, 105 Sixth
St.

Holt, Robbins & Werschkul,
National Bank Bldg.

Dean Witter & Co., Porter Bldg.

Johnson, Roy A., U. S. Bank Bldg.

Federal Securities C’o., American Bank Bldg.

Blythe & Co., Pacific Bldg.
Burr, G. H., Conrad & Broom, Inc., 86 Sixth St.

FERRIS & HARDGROVE, American Bank Bldg.

United States

Marshall Wright & Co., Pacific Bldg.
Smith, Camp & Riley, Porter Bldg.

COMMISSION SCHEDULE
Effective March 38, 1930

Portland Stock and Bond Exchange Officers:
Colin Livingstone, Pres.
W. H. Hemphill, Tr.

Richard Martin, V. Pres.
Fred Bergesch, Sec.
BONDS

$2.50 per $1,000------------------------------------------- $2.50 Minimum Charge
Liberty Bonds------------------------------- $1.25 per $1,000 par value. ..$2.50
NOTE:
Whenever the commission charge based on the odd lot rate is higher than
a charge for a trading unit of the same stock, the latter amount may be
charged.
On all transactions where the amount of money involved is less than
$10.00, the commission charge shall be optional, and when the amount is
over $10.00 but not more than $50.00, the commission charge shall be 5%
of the sum involved.
Commissions are "not less than” rates indicated above, Chapter XX,
Sec. 2, By-laws.
The commission on stocks listed on this and other exchanges shall be
not less than the commission on such other exchange or exchanges.

Further Information on firms appearing in bold face type will be found

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

On Stocks Selling
Under $1.00 _

Per 100
Shares
____$3.00

Odd Lots Minimum
(per share)
$.12^
$2.50

At $1.00 and under $3.00.

____4.00

■ 12'A

2.50

At $3.00 and under $5.00

____7.50

■ 12A

2.50

At $5.00 and under $10_____

____10.00

■ 12A

2.50

At $10 and under $25____

____17.50

.25

2.50

At $25 and under $50____

____20.00

.25

2.50

At $50 and under $75- .

____22.50

.25

2.50

At $75 and under $100__

____25.00

.25

2.50

At $100 and under $200.

____30.00

.30
3.00
At $200 and over per share, the commission shall be increased $5 per IOq
shares additional for each $50 or fraction thereof increase in selling price.
The commission on odd lots shall be on pro rata basis. The minimum
charge shall be one-tenth the commission charged for 100 shares.

the selected list of Investment Dealers following bank list In each city.

LOCAL STOCK EXCHANGE FIRMS

1861

PHILADELPHIA
BACHE, J. S., & CO., Pennsylvania Bldg.

BIOREN & CO., 1508 Walnut Street.

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.
Goodbody & Co., 1424 Walnut Street.
Graham, Parsons & Co., 1422 Walnut St.
Greene & Co., 612 Phila. Stock Exchange Bldg.
Haines, Collier & Company, 1520 Locust Street.
Hammitt & Co., 602 Phila. Stock Exchange Bldg.
Hamstrom & Co., 202 Real Estate Trust 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.
Boenning & Co., 1606 Walnut Street.

HARRISON & CO., 133 S. Broad Street.

BROWN BROTHERS HARRIMAN & CO.,
1531 Walnut Street.

Hecker & Co., S. W. Cor. 6th and Chestnut Sts.

Buckley Brothers, 1528 Walnut St.
Bryan, Pennington & Colket, 123 S. Broad St.
Butcher & Sherrerd, 220 Real Estate Trust Bldg.
Carstairs & Co., 1510 Walnut Street.

HOPPER, SOLIDAY & CO., 1430 Walnut St.

CASSATT & CO., Commercial Trust Bldg.
CLARK, E. W., & CO., 16th and Locust St.

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.

HORNBLOWER & WEEKS, 1439 Walnut St.

Jenks, Gwynne & Co., 1516 Locust Street.
Jones, Miller & Co., Commercial Trust Bldg.
Kennedy & Co., 1200-01 Land Title Bldg.
Laird, fiissell & Meeds, 1528 Walnut Street.
LILLEY, & CO., 1530 Packard Bldg.

MacDonald & Co., 234 Real Estate Trust Bldg.
MacMeekin & Co., 123 S. Broad Street.
McCormack, J. L„ & Co., 800 Phila. Stock
Exchange Bldg.
McCreery, Samuel, & Co., 1518 Walnut Street.
McLaughlin W. J. & Co., 508 Stock Exchange Bldg.
Monges, Davis & Lang, 314 Otis Bldg.
Montgomery, Scott & Co., 123 S. Broad Street.

Moore, E. J., & Co., 141 South Fourth Street
Morgan, Reed A., & Co., 123 South Broad Street.
Moyer & Co., 1500 Walnut Street.
Newbold’s Son, W. H., & Co., 1517 Locust Street.
Newburger, Loeb & Co., 1423-25 Walnut Street
Palmer & Co., E. W„ 334 Commercial Trust Bldg.
Parrish & Co., 212 South 15th Street.
Phillips, Samuel K„ & Co., 1317 Packard Bldg.
Ristine, F. P., & Co., 123 S. Broad Street
Sailer, A. J. & Co., 113 S. 5th Street.
Seeler & Co., 110 S. 3rd Street.
Sloane & Co., Phila. Stock Exchange Bldg.
Smith, Charles, & Sons, 610 Commercial Trust
Bldg.
SMITH, EDWARD B., & CO., 1411 Chestnut
Street.

Snyder, George E., & Co., 600-601 Phila. Stock
Exchange Bldg.
Snyder, R. M. & Co., 1520 Locust Street.
Sparks, J. W., & Co., 1510 Chestnut Street.
Starr & Co., 123 S. Broad Street.
Stetson & Blackman, 1818 Packard Bldg
Trimble & Co., 1326 Walnut Street.
Turner, Gill & Crouter, 611 Packard Bldg.
Wheeler & Co., 1100 Girard Trust Bldg
Wilmer & Co., 123 S. Broad St.
Wolf Bros. & Co., 213-215 S. Broad Street.
WOOD, A. C., JR., & 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

*>r*ce

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 7Uc
Selling at $10.00 and above, but under $25.00_______ Not less than 1214c
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 1714c
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:

Frank L. Newburger, Pres.
Howard Butcher, Jr., V. P.
Frank C. Matthews, Sec.
Frederick P. Ristine, Tr.
John R. Huhn, Jr., A. Sec. and A. Tr. Thomas B. Gravatt, Aud.

COMMISSION RATES
Price

BONDS

Bonds and notes having over one year to run, not less than $2.50 for
each 81,000 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
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
Selling at $10.00 and above______________________ _ Not less than 15c
The minimum commission on any transaction for nonmembers shall be
Exception to Commission Rates, effective February 4, 1933:

Members are permitted to charge a commission equal to that in force in
any dual market in which a stock is traded.
All Special Commissions in force prior to February 4, 1932, have been
rescinded.

PITTSBURGH
Askin, George K., Union Trust Bldg.
Askin & Company, J. M., Columbia Bk. Bldg.
Ballard, W. E., Keystone Bank 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., Union Trust Bldg.
Edmundson, Jr., Eli, Columbia Bank Bldg.
EDWARDS & COMPANY, H. S. Union Bank
Bldg.

Foster & Company, Bayard, 244 Oliver Bldg.
Gammack & Company, Union Trust Bldg.
Giles & Co., R. C., Columbia Bank Bldg.

Goldsborough & Company, W. W„ Union Bank
Bldg.
Hemphill, Noyes & Co., 446 Wood St.
Hetzel & Company, Henry G., Benedum-Trees
Bldg.
Holmes & Company, J. H„ 419 Wood St.

McLaughlin, McAfee & Company, Clark Bldg
Moore, Leonard & Lynch, Union Trust Bldg.
MORRIS, BROWN & COMPANY, 316 Fourth
Ave.
minuui oc company, it. v., ranc »lag.

Kane, John A., Columbia Bank Bldg.
Kay, Richards & Company, Union Trust Bldg.

Parrish & Company, Investment Bldg
Post & Flagg, Oliver Bldg.
Preston, Watt & Schoyer, Union Bank Bldg.
Reynolds & Company, Grant Bldg.
Robinson & Orr, 248 Fourth Ave.
Stout & Company, Investment Bldg.

MASTEN & COMPANY, A. E., 333 Fourth
Ave.

WELLINGTON & CO., Union Trust Bldg.

HORNBLOWER & WEEKS, First National
Bank Bldg.

McJunkin, Patton & Company, 414 Union Bank
Bldg.

Wettach & Company, 218 Fourth Ave.
Wettengel & Company, A. C„ Peoples Bank Bldg.
Zacharias & Company, Union Trust Bldg.
RATES OF COMMISSION

Pittsburgh Stock Exchange Officers:

R. S. Richards, Pres.
Wm. J. Bauer, Treas.
Samuel Carothers, Vice-Pres.

Paul W. Leitch, Asst, to the Pres.
A. L. Brinham, Sec.

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 20c a share............ ..............
$0 005
Stocks selling at $0.20 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........................................I .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.

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

1862

LOCAL STOCK EXCHANGE FIRMS

Branch, Cabell & Co., Law Bldg.

Davenport & Company, 113 E. Main Street.

Richmond Corp. 809 E. Main Street

Branch, Thomas & Co., 1101 E. Main Street.

Mason-Hagan, Inc., 916 E. Main Street.

Scott & Stringfellow, Mutual Bldg.

Bryan, Kemp & Company, 911 E. Main Street.

Murphy, G. M.-P. & Company, 923 E. Main Street

Wheat, Galleher & Company, American Nat’l Bk.
Bldg.

Burch, Caskie G. &Company, 1118 E. Main Street.

Nolting, Fred’k E., Inc., 907 E. Mam St.

Williams, John C. & Company, 1107 E. Main St‘

RICHMOND

Richmond Stock Exchange Officers:
Walter S. Robertson, Pres., Scott & Stringfellow
E. Addison Rennolds, Vice-Pres., Thomas Branch & Co.
Henry C. S. Patterson, Secretary & Treasurer, Mason-Hagan, Inc.
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 pershare-------------------- 10c
Selling at $10 and under $15 per share..............
12J^c per share
Selling at $15 and under $50........................................... 25c
Selling at $50 and under $150........ .................................... 50c
Selling at $150 and over............ .......................................... 100

BONDS
Municipals, public utilities, and rails------All others............ ..................................... .

25c per hundred
50c “

SALT LAKE CITY
Nebeker, W. D., Exchange Bldg.

Dixon, B. W. Co., 407 Scott Bldg.
Conrad, W. K„ Walker Bank Bldg.

Baglin, George, Newhouse Bldg.
Ballif, Jr., S. F., 119 So. Main Street.
Bemis, G. L., Newhouse Bldg.

Pratt, Snow & Co., Walker Bank Bldg.

Doming, J. H., Felt Bldg.

Rankin, Lester, Felt Bldg.

Doscher, H. W., Walker Bank Bldg.
Havenor, Pett & Co., Newhouse Bldg.

Thomas, Arthur Inc., Newhouse Bldg.

CHILD, BARCLAY CO., Stock Exchange Bldg.

HOGLE, J. A. & CO., 132 So. Main Street.

Watson, Geo. H. & Co., 25 East So. Temple Street

Clark, W. H.f Boston Bldg.
Cole Allen Co., Atlas Bldg.
Davies, Badger & Co., 23 W. 2nd So. St.

Lynch, J. C. & Co., Kearns Bldg.
Larson, A. R„ Elks Club.
Mandell, J. J., Beason Bldg.

Weiler, W. S., Exchange Bldg.

Badger, R. A. & Co.,36 West 2nd So. Street.
Barclay, Featherstone & Co., Newhouse Bldg.

Ure, Pett & Morriss Inc., Beason Bldg.

Whitney, C. L„ Exchange Bldg.
Woolley, F. R., Walker Bank Bldg.

Salt Lake City Stock Exchange Officers:
I. D. Lowe, President
W. H. Child, lsf Vice-Pres,
B. W. Dixon, 2nd Vice-Pres.
Blake Thomas, 3rd Vice-Pres.
J. H. Deming, Sec. and Treas.

SEATTLE
Blackford, John C., Hoge Bldg.
Blyth & Co., 1411 Fourth Ave.
Bramhall & Stein, Hoge Bldg.
Brown-Jeklin Co., Exchange Bldg.
George H. Burr, Conrad & Broom, 707 Second Ave.

Hawkins & Co., R. M„ Exchange Bldg.

Puget Mortgage Securities, Inc., 1329 Third Ave

Herrin & Co., H. M., Exchange Bldg.

Pratt & Co.. H. P., Hoge Bldg.

Kutz & Co., John A., Exchange Bldg.

Price & Co., John E , National Bk. of Commerce
Bldg.

DRUMHELLER, ERLICHMAN & WHITE,
Second and Columbia.

Lockett & Co., G., Railway Exchange Bldg.

Easter & Co., F. K., 717 Second Ave.
Eberting & Co., C.' H., Exchange Bldg.
FERRIS & HARDGROYE, Exchange Bldg.
First National Co., Second and Columbia.
Fix & Co , William H., Dexter Horton Bldg.
Greening & Co., Thos. B., Exchange Bldg.
Harper & Son, Wm. P., Hoge Bldg.

Lanser & Co., J. F., 812 Second Ave.
Latimer & Co., A. G., Dexter Horton Bldg.
Logan & Bryan, Exchange Bldg.
Marine National Co., Second and Spring.
McConahy, C. D., American Bank Bldg.
Meiklejohn & Brown, 1321 Smith Tower.
North Pacific Finance Corp., 1520 First Ave.

The Quinn Smith Co., Dexter Horton Bldg.
Riker & Co., Inc., Joseph M., Hoge Bldg.
The Seattle Co., Second and Columbia.
Smith & Strout, Inc., Leary Bldg.
Speckert, Frank J., 105 Cherry St.
Thels & Co., A. J., Empire Bldg.
Underwriters Finance Corp., Colman Bldg.

Oaks, Prescott, 607-1411 Fourth Ave., Bldg.

United National Corporation, Second and Colum
bia.

Pacific National Co., Second and Madison.

Witter & Co., Dean, 1301 Fourth Ave.

Seattle Stock Exchange Officers:
F. K. Easter, Vice-Pres.
Charles G. Mullen, Pres.
J. F. Lanser, Treas.
Harry J. Markey, Sec.
Charles T Donworth, Counsel
J. G. Rake, Exec. Sec.
RATES OF COMMISSION
Per Minimum
Share Charge
On Stocks Selling:
Under $1.00 per share........... .......... ................................ - 5^
$2.50
At $1.00 and under $2.50 per share................ ................... 2.50
At $2.50 and under $5.00 per share..................
15^
5.00
At $5.00 and under $25 00 per share............................... 25^
5.00
At $25.00 and under $50.00 per share..........................
50fi
5.00
At $50.00 and under $75.00 per share................................. 75^
5.00
At $75.00 and under $100.00 per share________
$1.00
5.00
At $100.00 and under $150.00 per share............................. $1.50
5.00

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.

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
Full text of Rand McNally Bankers Directory : January 1933 : Local Stock Exchange Firms

FRASER
