BANK AND QUOTATION SECTION OF THE COMMERCIAL & FINANCIAL CrIRONICLE. Copyrighted in 1919, according to Act of Congress, by WILLIAM B. DANA COMPANY. in office of Librarian of Congress, Washington, D. C. VOL. 108. NEW YORK, FEBRUARY 8 1919. NO. 2798 BANK AND QUOTATION SECTION The Bank and Quotation Section, issued monthly, is furnished without extra charge to every annual subscriber of the Chronicle. The Railway and Industrial Section, issued semi-annually in April and October, is also furnished without extra charge to every annual Chronicle subscriber. The Railway Earnings Section, issued monthly, containing the sworn returns of earnings and expenses filed each month with the Inter -State Commerce Commission, is likewise furnished without extra charge to every annual Chronicle subscriber. The Electric Railway Section, issued twice a year, in March and Sep- tember, is also furnished without extra charge to every annual subscriber of the Chronicle. The State and City Section will hereafter be issued semi-annually in June and December. It is furnished without extra charge to every annual subscriber of the Commercial & Financial Chronicle. The Bankers' Convention Section, issued yearly, giving the detailed proceedings of the annual convention of the American Bankers' Associa- tion, is likewise furnished without extra charge to Chronicle subscribers. Terms for the Chronicle, including the six supplements above named, are Ten Dollars per annum within the United States, Thirteen Dollars (which includes postage) in Europe, and $11 50 in Canada. File covers for the Chronicle are sold at 80 cents each (which includes postage). File covers for Supplements can be had at same price. CHICAGO OFFICE. -39 South La Salle Street. LONDON OFFICE.—Edwards & Smith. 1 Drapers' Gardens, E. C. WILLIAM B. DANA COMPANY, Publishers, Front, Pine and Depeyster Streets, Now York. INDEX TO ADVERTISEMENTS OF BA Atlanta, Ga.— Atlanta National Bank Page 6 Baltimore, Md.— National Bank of Baltimore..-_- 6 Safe Deposit & Trust Co 6 Boston, Mass.— National Union Bank 2 Chicago, IIL— Chicago Savings Bk. & Tr. Co__ 8 Continental & Com'l Nat. Bk__ 8 Corn Exchange Nat. Bank 9 Live Stock Exchange Nat. Bk 8 1Tational Bank of the Republic 8 Cincinnati, Ohio— Fifth-Third National Bank_ _- 2 Cleveland, Ohio— First National Bank Union Commerce National Bk 7 Detroit. Mich.— First & Old National Bank People's State Bank 6 6 Fort Worth, Texas— Fort Worth National Bank_ _ _ 5 Jersey City, N. J.— First National Bank 2 Los Angeles, Cal.— Citizens' National Bank 9 First National Bank 9 Milwaukee, Wis.— First National Bank 7 NKS AND TRUST COMPANIES Minneapolis, Minn.— Page First & Security Rational Bank.. 5 New Orleans, La.— Whitney-Central Nat. Bank__ 5 New York, N. Y.— Chemical National Bank 1 Coal & Iron National Bank 1 Farmers' Loan & Trust Co 12 Hanover National Bank 1 Seaboard National Bank 1 Norfolk, Va.— Norfolk National Bank Paterson, N. J.— First National. Bank Philadelphia, Pa.— Corn Exchange Nat. Bank 3 First National Bank 4 Fourth Street National Bank_ 3 Franklin National Bank 5 Girard National Bank 3 Girard Trust Company 4 Market Street National Bank.._ 3 Philadelphia National Bank_ _ _ _ 4 Tradesmen's National Bank_ 4 Providence, R. I. -- Merchants' National Bank 2 St. Louis, Mo.— National Bank of Commerce_ -- 9 San Francisco, Cal.— Anglo & London Paris Nat. Bk.. 9 Worcester, Mass.— Merchants' National Bank 2 REVIEW OF JANUARY. The process of arranging peace abroad and the process of adjusting the country's industries to a peace basis at home, were the events of compelling importance during January. Both were found to be heavy tasks, involving many trying difficulties and complications. President Wilson's sojourn in Europe was continued throughout the month and indeed his return home is not scheduled to take place until the middle of February. In conjunction with the statesmen of Europe engaged in the task with him, the President succeeded in making no little progress in paving the way for a League of Na- tions, which is to afford assurance against a ready repetition of war in the future, and in shaping the terms and conditions of peace which are to be im- posed upon the former members of the Central Power Alliance. The machinery was also created for dealing with the conflicting territorial claims of the Allies and of the new nations to be estab- lished. Many points of difference between the Allies and associate Powers were removed, and much controversial matter eliminated, largely through the influence of the President, who was seen to be playing a prominent, if not a leading, part in the de- liberations, and without whose presence the negotia- tions would undoubtedly have lost much of their idealistic character. In industrial affairs, the characteristics thm, might have been expected were in evidence—a slack- ening of activity and some noteworthy declines in commodity values, attended by ranch discontent. Labor, which had been scarce up to the time of the, signing of the armistice the previous November, now became plentiful (though with occasional reports of continued, but limited, dearth in some special line of manufacture), in part because of the discon- tinuance of the making of munitions and of other work connected with war activities, and in part. because of the return home of American soldiers from France and -the continued demobilization at camps in the United States of the military forces which had been in training for sending overseas. With the release from military duty of such large masses of men, reports of growing idleness began to come in. The idleness was by no means uniform, being pronounced at centres where special war work had been done and often little noticeable elsewhere. In face of it all, demands for further wage increases— or, what is the same thing, a reduction in the num- ber of hours of work without a corresponding reduc- tion in wages—were rather frequent. 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Transcript
BANK AND QUOTATIONSECTION
OF THE
COMMERCIAL & FINANCIAL CrIRONICLE.Copyrighted in 1919, according to Act of Congress, by WILLIAM B. DANA COMPANY. in office of Librarian of Congress, Washington, D. C.
VOL. 108. NEW YORK, FEBRUARY 8 1919. NO. 2798
BANK AND QUOTATION SECTIONThe Bank and Quotation Section, issued monthly, is furnished
without extra charge to every annual subscriber of the Chronicle.
The Railway and Industrial Section, issued semi-annually in Apriland October, is also furnished without extra charge to every annualChronicle subscriber.
The Railway Earnings Section, issued monthly, containing the swornreturns of earnings and expenses filed each month with the Inter-StateCommerce Commission, is likewise furnished without extra charge to everyannual Chronicle subscriber.
The Electric Railway Section, issued twice a year, in March and Sep-tember, is also furnished without extra charge to every annual subscriberof the Chronicle.The State and City Section will hereafter be issued semi-annually in
June and December. It is furnished without extra charge to every annualsubscriber of the Commercial & Financial Chronicle.
The Bankers' Convention Section, issued yearly, giving the detailedproceedings of the annual convention of the American Bankers' Associa-tion, is likewise furnished without extra charge to Chronicle subscribers.
Terms for the Chronicle, including the six supplements above named,are Ten Dollars per annum within the United States, Thirteen Dollars(which includes postage) in Europe, and $11 50 in Canada.
File covers for the Chronicle are sold at 80 cents each (which includespostage). File covers for Supplements can be had at same price.
CHICAGO OFFICE.-39 South La Salle Street.
LONDON OFFICE.—Edwards & Smith. 1 Drapers' Gardens, E. C.
WILLIAM B. DANA COMPANY, Publishers,Front, Pine and Depeyster Streets, Now York.
INDEXTO ADVERTISEMENTS OF BA
Atlanta, Ga.—Atlanta National Bank
Page 6
Baltimore, Md.—National Bank of Baltimore..-_- 6Safe Deposit & Trust Co 6
Boston, Mass.—National Union Bank 2
Chicago, IIL—Chicago Savings Bk. & Tr. Co__ 8Continental & Com'l Nat. Bk__ 8Corn Exchange Nat. Bank 9Live Stock Exchange Nat. Bk 81Tational Bank of the Republic 8
Cincinnati, Ohio—Fifth-Third National Bank_ _- 2
Cleveland, Ohio—First National Bank Union Commerce National Bk 7
Detroit. Mich.—First & Old National BankPeople's State Bank 6
6
Fort Worth, Texas—Fort Worth National Bank_ _ _ 5
Jersey City, N. J.—First National Bank 2
Los Angeles, Cal.—Citizens' National Bank 9First National Bank 9
New York, N. Y.—Chemical National Bank 1Coal & Iron National Bank 1Farmers' Loan & Trust Co 12Hanover National Bank 1Seaboard National Bank 1
Norfolk, Va.—Norfolk National Bank
Paterson, N. J.—First National. Bank
Philadelphia, Pa.—Corn Exchange Nat. Bank 3First National Bank 4Fourth Street National Bank_ 3Franklin National Bank 5Girard National Bank 3Girard Trust Company 4Market Street National Bank.._ 3Philadelphia National Bank_ _ _ _ 4Tradesmen's National Bank_ 4
Providence, R. I.--Merchants' National Bank 2
St. Louis, Mo.—National Bank of Commerce_ - - 9
San Francisco, Cal.—Anglo & London Paris Nat. Bk.. 9
Worcester, Mass.—Merchants' National Bank 2
REVIEW OF JANUARY.The process of arranging peace abroad and the
process of adjusting the country's industries to apeace basis at home, were the events of compellingimportance during January. Both were found tobe heavy tasks, involving many trying difficultiesand complications. President Wilson's sojourn inEurope was continued throughout the month andindeed his return home is not scheduled to take placeuntil the middle of February. In conjunction withthe statesmen of Europe engaged in the task withhim, the President succeeded in making no littleprogress in paving the way for a League of Na-tions, which is to afford assurance against a readyrepetition of war in the future, and in shaping theterms and conditions of peace which are to be im-posed upon the former members of the CentralPower Alliance. The machinery was also createdfor dealing with the conflicting territorial claimsof the Allies and of the new nations to be estab-lished. Many points of difference between theAllies and associate Powers were removed, and muchcontroversial matter eliminated, largely throughthe influence of the President, who was seen to beplaying a prominent, if not a leading, part in the de-liberations, and without whose presence the negotia-tions would undoubtedly have lost much of theiridealistic character.In industrial affairs, the characteristics thm,
might have been expected were in evidence—a slack-ening of activity and some noteworthy declines incommodity values, attended by ranch discontent.Labor, which had been scarce up to the time of the,signing of the armistice the previous November, nowbecame plentiful (though with occasional reportsof continued, but limited, dearth in some specialline of manufacture), in part because of the discon-tinuance of the making of munitions and of otherwork connected with war activities, and in part.because of the return home of American soldiersfrom France and -the continued demobilization atcamps in the United States of the military forceswhich had been in training for sending overseas.With the release from military duty of such largemasses of men, reports of growing idleness beganto come in. The idleness was by no means uniform,being pronounced at centres where special war workhad been done and often little noticeable elsewhere.In face of it all, demands for further wage increases—or, what is the same thing, a reduction in the num-ber of hours of work without a corresponding reduc-tion in wages—were rather frequent. Certain cotton
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operatives in New England, for instance, demandeda reduction from a 54-hour week to 48 hours, butwith 54-hour pay, and after the close of the monthengaged in a strike to enforce their demands. Thereseemed to be, indeed, an outcropping of labor dif-ficulties all over the world. In Great Britain therewere strikes in the shipyards and other lines, andwith the advent of February the strike fever extendedto the transportation field, so that in London all thetubes and underground railways with the excep-tion of one line of the Metropolitan became tied up.In the iron and steel trades, banking of furnaces
became rather prominent, and with new bookingsreported less than half of current production, thesteel mills were engaged to only about an averageof 60 to 65% of their capacity. Copper produc-tion was curtailed, and while the large producersof the metal sought to maintain the price of 23c.a pound agreed upon the preVious month, it wasreported that the metal could be obtained at 20c.and even lower. The Steel Corporation, after theclose of business on Jan. 28, announced a reductionin the quarterly dividend declaration on the com-mon shares the extra dividend (in addition to theregular 1q% quarterly) being made only 1%,against 2% extra three months before and 3% extrasix months before, and submitted a statement forthe December quarter which showed a large shrink-age in profits. Eliminating the item of taxes,which were of huge extent (over $274,000,000 beingcharged up for the twelve Months of the calendaryear), and of varying amounts for the differentquarters, the operating profit was reported at $86,-354,165 for the December quarter of 1918, against$144,948,936 for the September quarter and $153,-273,641 for the June quarter. In the March quar-ter the operating profit was $88,546,622, while inthe December quarter of 1917 the amtunt was $120,-208,636.There was a sharp drop in some items of food
products from the extreme figures previously reached.This was notably true of the retail prices of butterand eggs, and some items of meat were likewise re-duced, though, on the other hand, the Hog Price-Fixing Committee of the U. S. Food Administra-tion on Jan. 28 announced that the price of $17 50per 100 lbs. for hogs would be maintained during themonth of February. This was notwithstanding boththe Chicago Board of Trade and the New YorkProduce Exchange had petitioned Attorney-GeneralGregory to take action toward preventing furtherarbitrary price-fixing of hogs. On this announce-ment of 'unchanged hog prices, a sharp recovery en-sued in Indian corn, which previously had shown adeclining tendency. The January option for cornat Chicago had on Jan. 8 sold at $1 4938. From thisthere was a drop to $1 143/2 by Jan. 27, one elementin this decline having been the news that the WarTrade Board had removed all restrictions on theimportation of Argentine corn; a recovery to $1 33followed when it appeared that the hog price wasto be maintained, and the close Jan. 31 was at$1 27. The May option for corn declined from$1 42 to $1 11, with the close at $1 18%. TheJanuary option for oats in Chicago declined from72c. Jan. 6 to 523./2e. Jan. 27, and went out Jan. 31at 56c.; the May option for oats fell from 73%c.Jan. 7 to 5434c. Jan. 27, with the close Jan. 31 at573/8c.There were of course no fluctuations in the price
of wheat, Government-fixed prices here continuing.On Jan. 28 a bill appropriating $1,250,000,000 toenable the Government to carry out its guaranty tothe farmer of a price of $2 20 a bushel for the 1919wheat crop was transmitted to the Chairmen of theSenate and House Agricultural committees by theFood Administration. This followed a recommen-dation to Congress in the closing week of Decemberby the Food Administration and the Departmentof Agriculture for the enactment of legislation to
make effective the wheat price guaranty for the1919 crop, and at the same time secure the Gov-ernment against losses.Sentiment appeared to be strongly crystallizing
in favor of a reduction in food prices. As one evi-dence of this it may be noted that at a special meet-ing of the Board of Managers of the New YorkProduce Exchange, held on Jan. 30, a resolutionwas passed, saying that it was evident that a reduc-tion in price of the great food staples was the firstand most vital factor in bringing about lower livingcosts, which must take place to meet a probable re-duction in wages in the manufacturing and indus-trial life of the country, and therefore the policy ofthe Exchange was against any further Governmentprice-fixing or control of foodstuffs beyond the pointof a just and equitable adjustment of existing Gov-ernment obligations, in which consideration shouldbe given to the rights of all classes, both producersand consumers.Sharp reductions in the prices of cotton goods
were announced, and raw cotton also suffered asharp decline. Production of textiles was reducedand advices from all mill centres were to the effectthat further curtailment was in evidence. All thismade the demands of the operatives for reduced hoursat the same wages (wages the highest ever reachedin the trade) appear all the more anomalous. Asindicating the nature of the downward re-adjust-ments of prices, one of the largest mills in NewEngland reduced quotations for bleached fabricsapproximately 25%, 32-inch chambrays 414c. peryard, staple ginghams 33/2c. per yard, 27-inchouting flannels 20%, and tickings 11%. Thesame concern in an effort to stimulate inquiryand keep up production, announced its inten-tion to protect jobbers by allowing them the pricesprevailing at the time of invoicing should theybe lower. Print cloths at Fall River were markeddown every two or three days. From Jan. 1 toJan. 12, inclusive, the quotation was 9.75c. a yd.;from the 13th to the 15th, inclusive, 9.50c.; on the16th there was a reduction to 9.25c.; on the 18th to9c.; on the 21st to 8.75c.; on the 27th to 8.50c., andon the 30th to 8c. The high price in 1918 was 14c.in May, having advanced to that figure from 9%c.the previous January. Even after reduction to 8c.,however, the price is still high, since in December1914, following the outbreak the previous August ofthe great war, the quotation got down to 274c. Inraw cotton there was a drop in middlng upland cot-ton in this market during the month from 32.60c.Dec. 31 1918 (the previous September the pricehad been 38.20c.) and 32.40c. Jan. 1 1919, to25.60c. Jan. 23, with the close Jan. 31 26.95c.A slash in ocean freight rates and the release by
the U. S. Shipping Board of some of the ships pre-viously requisitioned by it were also features of themonth. At the beginning of January reductionswere made by the U. S. Shipping Board of 25 to30% in freight rates from Atlantic ports to SouthAmerica, Asia, Japan, Australia, and Africa, effec-tive for January and February loadings. The reallystartling reductions, however, did not come untiltowards the close of the month. On Jan. 26, fol-lowing the announcement that trans-Atlantic freightrates had been cut by British shipping interests from$3 50 to $1 per 100 lbs., and from $1 75 to 50 centsper cubic foot, the U. S. Shipping Board on Jan. 27announced a reduction of about 66 2-3% in chargesbetween North Atlantic and Gulf ports and theUnited Kingdom, France, Italy, Belgium and theNetherlands. The new rate to the United King-dom was made $1 00 per 100 lbs., or 50 cents a cubicfoot, against the old rate of $66 a ton, while the rateto Havre, Bordeaux, Antwerp and Rotterdam wasfixed at $1 25 per 100 lbs. or 65 cents per cubicfoot, against the old charge of $66 a ton. On Jan. 31further cuts in shipping rates to African and Aus-tralasian ports made by British lines were met at
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once by the U. S. Shipping Board; added to previousreductions, the total cut here also reached between60 and 66% as compared with pre-armistice days.
Railroad affairs also occupied conspicuous atten-tion during the month. The problem of the futurecontrol and direction of the roads, with the end ofthe war impending, and the necessity of choosingbetween some modified form of either private orGovernment control for the future, was seen to beone of the gravest that had ever confronted our na-tional legislators. Director-General McAdoo's prop-osition of the previous month, which involved reten-tion of the roads by the Government until five yearsafter the close of the war, had brought matters to anissue. An additional spur to action was the factthat expenses Were increasing at a perfectly frightfulrate as a result of the prodigious wage increases madeby Director-General McAdoo, while, as it happened,there came inklings of further wage increases about tobe announced or under active consideration. TheSenate Committee on Inter-State Commerce, whichon the launching of Mr. McAdoo's proposal in De-cember had determined on an investigation of thesubject, began its hearings promptly on Jan. 3. OnJan. 9 Thomas De Witt Cuyler appeared before theCommittee as Chairman of the Association of Rail-way Executives. In enunciating the principleswhich in the opinion of the executives should be in-corporated in a plan providing for Government reg-ulation of railroads, he told the Senate Committeethat "private ownership, management and opera-tion of the American railways should, as a matter ofnational policy, be continued." The principleswhich the railroads think should be embodied inremedial legislation by Congress in connection withthe return of the railroads to private operation hadbeen formulated by the Association's Standing Com-mittee at their Philadelphia 'conferences Dec. 10to 15 (1918), and were unanimously adopted at themeeting of the member roads held in that city onJan. 5. At this latter meeting 92% of the mile-age of the country was represented, and a committeeof six was appointed to appear before the SenateCommittee and lay before it the Association's sug-gestions. The six consisted of Mr. Cuyler of thePennsylvania RR.; Alfred P. Thom, counsel for theAssociation; Howard Elliott, President of the North-ern Pacific Ry.; Julius Kruttschnitt, President ofthe Southern Pacific; Samuel Rea President of thePennsylvania RR., and Daniel
Rea,President
of the Baltimore & Ohio RR.The Association declares that the power of regula-
tion of the instrumentalities of Inter-State commerce,including all rates, State and inter-State, should beexclusively in the hands of the National Government.Accordingly "these national functions should beadministered through Governmental machinery oragencies responsive to the needs of and convenientto the people of the several States. State commis-sions should not be interfered with by the FederalAct except so far as necessary to carry out the pur-poses" specifically indicated in the plan.The plan provides, among other things, that:—
The Inter-State Commerce Commission, which has here-tofore been the sole Federal agency provided by law to dealwith such matters, should be relieved from its executive andadministrative duties, except as to Federal valuation and asto accounting, and should act as a quasi-judicial bodyclothed with authority to pass upon all questions concerningthe reasonableness and adequacy of rates and concerningdiscriminations coming before it on complaint of any partyinterested, or referred to it as hereinafter provided.A Department of Transportation should be created, the
head of which should be known as the Secretary of Transpor-tation. He should be a. member of the President's Cabinetand should be vested with the extensive powers and dutieswhich are enumerated in the plan. The executive and ad-ministrative functions of the Inter-State Commerce Commis-sion, except as to accounting and as to Federal valuation ofrailroad properties, should be transferred to the Secretary ofTransportation.The carriers should have the power to initiate rates, sched-
ules of which should be filed with the Inter-State Commerce
Commission, with the Secretary of Transportation and withthe State commissions of the States in which the rates areapplicable and through which the carrier operates; and, if notsuspended by the Secretary of Transportation, such ratesshould become effective thirty days after the same have beenso filed, unless a shorter period is in special cases authorizedby the Secretary of Transportation. It should be made theduty of the Secretary of Transportation to promptly con-sider the new rates so brought to his attention. In case hedisapproves any rate or fails to specifically approve or dis-approve it, he may suspend it for a period not exceedingsixty days and refer the same to the Inter-State CommerceCommission for consideration and determination.The statute itself should provide the rule of rate making,
and should require that rates be not only what has been calledreasonable, but adequate and sufficient to enable the carriersto provide safe, adequate and sufficient service, to protectexisting investment and to attract the new capital necessaryin the public interest, and, to that end, the statute should,among other things, specifically provide that the level ofrates must properly reflect the cost of wages and all otherexpenses incident to the furnishing of transportation.
Rates, whether approved or disapproved by the Secretaryof Transportation, may by complaint be brought before theInter-State Commerce Commission for consideration, whichshould have power to pass upon the reasonableness and ade-quacy thereof, subject to the statutory rule in regard torate making, and, in any proceedings before it in respect torates, the Commission should give due consideration to anyrecommendations in respect thereto made to it by the Secre-tary of Transportation. Rates approved by the Secretaryof Transportation should be presumed to be reasonable andproper until found otherwise by the Commission. _In any proceedings before it in respect toirates the Inter-
State Commerce Commission should have the power toprescribe minimum as well as maximum rates and to deter-mine the relation of rates and differentials whenever neces-sary or appropriate to establish or maintain a rate structureor a relation or differential found by it to be just and proper.The statute should provide that existing rates, put into
effect by the Director-General of Railroads, should be con-tinued in effect until changed by the Inter-State CommerceCommission as provided by law, or as provided in para-graph 7 hereof.Any carrier should be given the right to complain of rates
of another carrier in the same manner and to the same extentas a shipper might do.The Inter-State Commerce Commission should be directed
to divide the United States into such number of regions as itmay deem wise, and the President should appoint for eachregion a Regional Commission, which should be a board ofprimary jurisdiction, consisting of one member for eachof the States embraced therein. The Regional Commis-sions should have authority to hear and determine all com-plaints in respect of matters within the jurisdiction of theInter-State Commerce Commission arising in their respectiveregions. If no exception is filed within the time limited andit is not otherwise ordered by the Inter-State CommerceCommission, the orders and findings of the Regional Com-missions should automatically go into effect.
Section 10 of the Clayton Act should be so modified as notto unduly hamper the proper transaction of business.
Existing laws should be so far modified as to authorize uponapproval by the Secretary of Transportation as being in thepublic interest: (a) Acquisition by a carrier engaged in inter-State commerce of the properties, stocks or securities ofanother or other carriers; or consolidations and mergers ofsuch carriers; (b) agreements between carriers engaged ininter-State commerce in respect to rates and practices; (c) thepooling of cars and other transportation facilities; (d) thedivision of earnings in connection with the elimination ofunnecessary train service.
Questions of wages and working conditions affecting indi-vidual railroads should be settled, if possible, by officers ofthe railroads and representatives of the employees. A boardshould be constituted, under the Secretary of Transporta-tion, on which the employees, the employers and the publicshould have equal representation, with the duty and au-thority to investigate and report to the Secretary of Transpor-tation on the merits of any controversy, which the partiesare unable to adjust, arising in the railroad or other trans-portation service, either in regard to wages or in regard toconditions of service; and, pending such investigation andreport and for a reasonable time thereafter, there should beno lockout by the carriers and no concerted action on thepart of employees which would have the effect of interferingwith or interrupting the orderly movement of the UnitedStates mail or inter-State or foreign commerce. The scaleof wages and the expense incident to any change in the con-ditions of service recommended in the report of such board,if put into effect, should be accepted and recognized in themaking of rates, as a legitimate expense of transportation.There should be in the Federal Government the exclusive
governmental power to supervise and authorize the issue ofsecurities by railroad carriers engaged in inter-State or foreigncommerce or by holding companies controlling any suchcarrier.A system of Federal incorporation should be adopted into
which should be brought all railroad corporations engaged ininter-State or foreign commerce. Such system should be
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compulsory and not elective. It should preserve to cor-porations reincorporating under it, not only all of their con-tract rights and other assets of all sorts, but also (except asto any feature contrary to an Act of Congress) their existingcharter powers, and they should also possess the generalpowers conferred upon all corporations organized under theFederal Act. The system of incorporation should providea means of consolidation and merger for existing corporationsengaged in inter-State or foreign commerce, with the neces-sary power of condemnation; provided the Secretary ofTransportation finds that such consolidation or merger is notcontrary to the public interest and approves the same.
Alfred P. Thom, Julius Kruttschnitt, and otherstestified at length before the Senate Inter-StateCommerce Committee and their testimony attracteda great deal of attention. The Inter-State Com-merce Commission also expressed its views beforethe Committee. They urged that the railroadsshould be returned to private management within a"reasonable period" to allow for preparations andreadjustments and under "broadened, extended andamplified Governmental regulation." CommissionerEdgar E. Clark appeared Jan. 7 on behalf of theCommission, opposing indefinite continuance ofGovernment ownership or operation of railroads andoutlined a plan for legislation which would permitelimination of unnecessary competition, pooling offacilities, Government prescription of maximumand minimum rates and standards of service, Gov-ernment direction of railroad extensions and finan-cing, and direct co-operation between Federal andState regulatory bodies. Commissioner Woolleydissented in part, advocating Director-GeneralMcAdoo's proposal that Government control beextended for five years to provide a test period.On Jan. 31 'details of the plan of the National
Association of Owners of Railroad Securities for thereturn of the railroads to private operation were pre-sented before the Senate Committee. S. DaviesWarfield, President of the Association, announcedit as the belief of the Association that the railroads"should be returned to their owners under privateoperation as early as practicable, but not beforelegislation can be enacted that will assure adequatefacilities and service at reasonable rates under propercontrol and regulation by Governmental bodies,and protection to the investment in the properties."The enactment of this legislation "early in the 21months allowed by the Federal Control Act" wasurged by the Association, "since each month of con-tinued so-called unification and diversion of traffictakes the railroads further away from normal meth-ods for meeting the business requirements of re-construction."As the first step in the return of the railroads, the
plan, Mr. Warfield continued, contemplates that thepresent freight and passenger rates, State and inter-State, and the present scale of wages shall remain infull force and effect until and unless changed in theoperation of the plan. Stripped of operating details,he added, the plan "is based on the following funda-mentals":1. A minimum rate of return on the property investment in the railroads,
fixed by Act of Congress, through rates adjusted as occasion may demand,in order that the securities of the railroads may be stabilized and theircredit established on a basis necessary to secure the money to provide tothe shippers and traveling public adequate facilities and service.2. Recognition that a fixed return through rates that will enable the
average railroad to receive an adequate return on its invested capital is notpossible, without giving to the more favorably situated railroads morerevenue than the public will sanction, or more than would represent a fairreturn on its property. The earnings of railroads in excess of a fixedreasonable rate of return to be applied as provided in the following section.3. A distribution under the control and jurisdiction of the Inter-State
Commerce Commission of a percentage of the fund above provided, thatrailroad employees shall receive the benefit of profit sharing, by insurance,or by such other legal methods as may be determined upon; likewise adistribution of a percentage thereof among the railroads earning it, andunder the plan, and in furtherance of incentive and initiative by estab-lishing operating efficiency standards; for certain improvements to railroadproperty, under restrictions, not to be capitalized in rate making; andfor other purposes defined in the plan.4. A corporation, created by Act of Congress, operated without profit
to the railroads, and under Federal control, directed by trustees composedof the nine Inter-State Commerce Commissioners and eight railroad men,to finance in the present emergency such equipment as may be purchasedby it from the Railroad Administration and allocated to the railroads,and to furnish an immediate means for assisting in financing the returnof the roads, continued as a permanent means for mobilizing and purchasingequipment to be leased to the railroads; to provide a management or agencyto continue or put into effect the joint use of terminals, unification offacilities, re-routing of freight by pooling or otherwise, and to continueor adopt such methods of operation as may have been found to be suc-cessful and expedient during Federal control; to furnish a standing, trainedand efficient means for immediate mobilization of the railroads for warpurposes without additional legislation.
5. Federal regulation extended through the Inter-State Commerce Com-mission as at present established, co-ordinaring therewith subsidiary com-missions as regional commissions, the members thereof selected equallyfrom the two leading political parties, appointed from and sitting in the sixtraffic territories as at present defined, giving to such bodies the deter-mination of rates and regulations essential to the operation of the plan.The right of appeal is given to the Inter-State Commerce Commission,
which may be designated Commission of Appeal.Continuation of rate committees composed of representatives of both
railroads and shippers, established in defined territories of the country,to primarily consider and pass upon all changes in rates requested by eitherrailroads or shippers and before being filed with the regional commissionsor Inter-State Commerce Commission, as provided in the plan.
7. Co-ordination by the Inter-State Commerce Commission of the workof the State Commissions, as far as the limitations of law and the legislationprovided under the plan will permit, with that of the regional commissions.The adjustment of intra-State rates to the requirements of inter-Statecommerce as prescribed through inter-State rates is vested in the Federalcommissions.
8. Regional commissions act as boards of conciliation for the settlement ofwage differences between the railroads and their employees. In default ofsettlement such commissions shall appoint two arbitrators, the employeesnaming two, the four so selected naming the fifth, if required. Appealmay be taken to the Inter-State Commerce Commission; the findings notto be compulsory unless mutually agreed to beforehand. A fixed returnbeing provided under the plan, expenditures for wages or other elementsentering into expenditures are supervised by the commissions.The Act of Congress shall provide that increases in wages shall be super-
vised by the Regional Commissions, the intent being that the Commis-sions shall have supervision over charges against a railroad that tend todecrease its net operating revenue. Application for increases in wagesshall be primarily made to the particular railroad concerned. Pendingthe decision (not compulsory unless mutually agreed beforehand) of thequestions involved, there shall be no strike or lockout.9. Future issues of railroad securities supervised by the regional com-
missions and the Inter-State Commerce Commission.
An important event of the month was the an-nouncement late on Jan. 24 of the removal of themoney restrictions in New York. The only require-ment on Stock Exchange borrowing still existing isthat the Stock Exchange continue to receive frommembers daily reports of borrowings until after theplacing of the next Liberty Loan. With the removalof the restrictions, the so-called , "money pool"created in October 1917 was discontinued. Thefollowing was the announcement made in thematter:• A meeting of the Sub-Committee on Money of the Liberty Loan Com-mittee was held to-day after which the following statement was made:Last December (this was Dec. 30), when the arrangement whereby the
New York banks have been furnishing funds to stabilize rates on loans onStock Exchange collateral was about to expire (it would have expiredJan. 10), the Committee inquired whether the Treasury Department wishedan extension of the arrangement then in force, and were requested by itto continue their operations in aid of the Government's financial require-ments.Acting in accordance with the wish of the Treasury, thus expressed, the
Sub-Committee on Money arranged with tho New York banks to continuethe arrangement then existing until after the next Government loan, and,with the authorities of the Stock Exchange, to continue exercising controlof the loan account to prevent its expansion in the aggregate.
This week, however, the officials ,of the Stock Exchange, in a writtencommunication to the Money Committee, having stated that the condi-tions have so changed that "there is now nothing to indicate the probabilityof a speculative movement which would absorb large amounts of money.'the Sub-Committee on Money at its meeting to-day gave full considerationto this statement, and after consultation with and the approval of theTreasury Department, reached the following conclusions:1. That control by the Stock Exchange Committee may for the present
be suspended.2. That the Stock Exchange authorities be requested to continue to
receive from members of the Exchange, daily reports of their borrowingsuntil after the next Liberty Loan is placed.3. That the definite arrangements made with a large group of New York
banks to furnish funds for Stock Exchange loans, if and as required, shouldnow be terminated.
In the stock market there were many unfavorabledevelopments and the course of prices was stronglydownward, attended, however, by intermittentrecoveries and occasional periods of strength. OnJan. 2 (the first business day of the year) the marketopened under the influence of the announcementthat at midnight, Dec. 31, the Brooklyn RapidTransit Co. had been placed in the hands of a-receiver. The public was wholly unprepared forthis piece of news. It had been evident that owingto the inability of the city traction companies to gethigher rates of fare, while wages were being increasedand other items of expense entering into operatingcosts were steadily rising, the outlook for thesetransit properties was getting rather blue, buthardly anyone had counted upon an actual receiver-ship for the Brooklyn Rapid Transit Co. at thepresent stage of proceedings. The result of thenews was that the company's shares, which onDec. 31 had closed at 263%, opened on Jan. 2 at 22and after recovery to 239 plunged still lower, sellingin the afternoon down to 20%, with the close on thatday 213j. Later in the month, that is on Jan. 27,the price touched 183/s. The close Jan. 31 was at 20.Naturally Interborough Consolidated, common andpreferred, and the stocks of other city tractionproperties, even though less active, were also weakand lower—both on Jan. 2 and the rest of the month.As days went by, other unfavorable developmentsappeared. The monthly returns of the steam rail-
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FEB., 1919.] MONTHLY REVIEW 17
roads, as they came tolhand, first for November andlater for December, made it evident that the situ-ation of these roads, too, was steadily getting worse.Estimates of the loss to be sustained by the Govern-ment for the calendar year 1918 under its guaranteeof rentals based upon the net earnings for the threeyears ending June 30 1917, had to be repeatedlyrevised as later figures of earnings appeared, andgradually a feeling grew up that these roads mightreally be getting in desperate condition owing to thehuge wage increases that had been made by Director-General McAdoo without apparently giving muchthought as to where the additional revenue was tocome from to take care of the added outlay.
Apprehension on this score grew as intelligencefrom Washington made it plain that still furtherwage increases were under consideration by theWage Boards established by the Railroad Adminis-tration, some being almost in readiness for announce-ment and others apparently in definite contemplation.One item of news was that the four big RailroadBrotherhood organizations which the previous May-June had been awarded wage increases aggregating$475,000,000 per annum, had made requests forfurther increases aggregating still another $100,000,-000 per year. Following Mr. McAdoo's proposalof the previous month that the period of Governmentcontrol of the roads, after the formal conclusion ofpeace, be extended to five years, the Senate Com-mittee on Inter-State Commerce on Jan. 3 promptlybegan hearings in the matter, and on every side itbecame apparent that the country had to grapplewith one of the gravest problems that had everconfronted it. On Jan. 9 the Association of RailwayExecutives (a body consisting of the executives of.the various railroads of the country) voiced activeopposition to the scheme for five-year control.They offered a plan under which large powers o'erthe roads are to be delegated to a new Cabinetofficer to be known as Secretary of Transportation,and embodying other novel features for assuringthe future security and stability of the railroads.The National Association of Owners of RailroadSecurities at the close of the month presented a plan
• of its own, involving still more novel features,as narrated at length above. In the meantimeWalker D. Hines, formerly Chairman of the Boardof the Atchison Topeka & Santa Fe RR., but whoduring the period of Government control of therailroads had been acting as Assistant Director-General of Railroads, was on Jan. 11 appointed tosucceed Mr. McAdoo as Director-General. Mr.Hines is highly regarded in railroad circles and has agood record for sanity of views, but public sentimentbecame confused on Mr. McAdoo's announcementthat Mr. Hines was in full sympathy with the policyof the Railroad Administration and more particularlywith Mr. McAdoo's proposal of five-year control.The letter of Mr. Hines to Secretary of the TreasuryCarter Glass under date of Jan. 24, asking for anappropriation of $750,000,000 in addition to the$500,000,000 revolving fund provided in 1918 forthe Railroad Administration, did not tend to quietapprehensions as to the future of the roads.Perhaps most disturbing of all in its influence on
share values at the Stock Exchange was the an-nouncement reported in the daily papers on Tuesdaymorning, Jan. 21, that the Inter-State CommerceCommission had overruled the Director-General ina rate matter. Irrespective of the merits of theparticular controversy in which this rate issue wasraised, the action caused keen disquietude becauseit revealed the Commission in its old attitude again.The day before (on Monday, Jan. 20) there hadcome the news already referred to with reference tothe prospect of further wage increases. The twotogether served to precipitate in that week a furthersharp decline in prices on the Exchange. Somerecovery then ensued, followed on Saturday, Jan. 25,by4a sharp upward reaction on• the announcement
after the close of business the day before that moneyrestrictions as regards Stock Exchange loans hadbeen discontinued. On this news, active stocksopened at an advance of from 1 to 2 points over theclose the previous day. The advance, however,was not maintained, the most of it being lost beforethe end of the half-day session. On Wednesday,Jan. 29, Steel common sustained a serious break,due to the action of the board of directors late in theafternoon of Tuesday reducing the extra dividendon the shares, and due also to the nature of theCorporation's income statement for the Decemberquarter, it recording a large falling off in profits.As noted above, the quarterly dividend was madeonly 1% regular, with 1% extra, as against 2%extra at the previous quarterly declaration and 3%extra at the preceding quarterly period. At thesame time it was known that the steel trade duringJanuary had continued in an unsatisfactory stateas regards both the volume of business and prices,besides which the unfilled orders on the books of thesubsidiary companies of the Steel Company had onJan. 1. shown a further decrease of 745,511 tons.The result altogether was that Steel common, whichhad closed on Tuesday, Jan. 28, at 923.1, opened onJan. 29 on large sales at 899.j to 903i, and later inthe day got as low as 8834, with the close at 89 8.The stock had sold at the same low point (88%)on Jan. 21 in the general break in the market theprevious week. This was a decline from 96% onJan. 3. In Bethlehem Steel Class B there hadbeen a decline of about the same number of points—that is from 63M Jan. 3 to 55% Jan. 21. In thislast instance, however, there was a recovery to 593'by the close Jan. 31, while Steel common closedJan. 31 at 89%, or only fractionally higher than thelow figure of the month.
Another untoward development as far as thestock market was concerned came in the cut inocean freight rates the latter part of the month.This caused a down turn in International MercantileMarine under which the preferred shares Jan. 31got don to 953%, against 113% Jan. 3. The toneof the general market improved somewhat at theclose. Distillers Securities stock, strangely enough,in face of the adoption of the National ProhibitionAmendment, gained several points during the month,and the motor stocks and oil shares also gave a goodaccount of themselves. The copper shares wereweak most of the time on the poor demand and lowerprice for the metal.
VOLUME OF BUSINESS ON THE STOCK EXCHANGE.Month of January— 1919. 1918. 1917. 1916.
Stock sales—No. of shares 11,858,465 13,616,357 16,939,440 15,956,944Par value $1,126,755,705 $1,279,740,700 $1,537,971,930 $1,427,403,335
Bond sales (par value)RR. & misc. bonds $41,335,000 $33,092,50Q $89,757,000 $100,348,000U. S. Govt. bonds 167,167,500 51,597,500 20,000 41,000State, municipal &
Total bond sales $276,858,500 $106,796,500 $124,612,000 $118,024,500
In the money market there were no special features.Rates tended downward both on call loans and timecommitments. The lifting of restrictions as toStock Exchange loans does not appear to have hadany particular influence upon the course of rates.Indeed, it may be said that the removal of restrictionson Stock Exchange borrowing grew directly out ofthe fact that funds were in abundant supply. Tradedemands naturally narrowed under the contractionin the volume of trade and the shrinkage in com-modity values. The range for call loans during themonth was 3%@6% with rates on the closing day(Jan. 31) 4@4%.
RATES FOR MONEY IN NEW YORK WEEKLY.Week ending— Jan. 3. Jan. 10. Jan. 17. Jan. 24. Jan. 31.
Commercial Paper—Double names--Choloa 60 to 90 days 5g-55( 534-534 5-53j 5-534 5-534Single names—Prime 4 to 6 months_ -534-5 g 534-534 5-554 5534 5-5h
—Good 4 to 6 months 5M-6 534-534 534-534 534-534 554-534
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18 MONTHLY REVIEW [VoL. 108.
In the foreign exchange market the fluctuationsin sterling rates continued trivial, the dealings stillcontinuing under arbitrary control and large oper-ators being unwilling to enter into important newcommitments until the actual signing of the peacetreaties. The fact that mail facilities were belownormal also served to restrict business. In the caseof the Continental exchanges, dulness was also amarked feature. Quotations on the Allied centreswere well maintained, though the fluctuations werecomparatively unimportant. No change was madein the rate of the Italian lire, the Federal ReserveBank continuing its quotation of 6.36 for sight billsand 6.35 for cable transfers. On the neutral ex-changes the tendency was strongly downwardexcept that the Spanish peseta ruled fractionallyhigher. Swiss francs, which for sight bills early inthe month were quoted at 4.85 to the dollar andafter some decline were quoted Jan. 15 at 4.8214to the dollar, at the end of the month were down to4.96 to the dollar. Mitch guilders on Amsterdam,which on Jan. 2 were quoted at 42 7-16@423/2 forsight bills, on Jan. 31 were only 4074@41. Rateson the Scandinavian centres all declined. BetweenJan. 2 and Jan. 31, checks on Denmark droppedfrom 2674 to 253%, checks on Sweden from 293/j to27.90, and checks on Norway from 28.00 to 27.10.Checks on Madrid were quoted at 20.05 for theSpanish peseta Jan. 2, 20.15 Jan. 15, and 20.10Jan. 31. A feature of the month was the resumptionin a small way of dealings on Antwerp.
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19
NEW YORK STOCK EXCHANGEMONTHLY AND YEARLY RECORD
The following tables furnish a complete record of the Now York Stock Exchange transactions for the past month andthe year 1918. They need no extended introduction, as they are self-explanatory. The tables embrace every security(excepting only State bonds) dealt in on the Exchange. We give bonds first, using the classification adopted in the officiallist. The black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature.
In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-payingbonds are at a price to which accrued interest must be added. The:exceptions to the rule are income bonds and bondson which interest is in default. This method ofZquoting bonds became effective January 2 1909.
For footnotes to tables see last
BONDS-PRICES AND SALES
page of bonds and last page of stocks.
FOR JANUARY 1919 AND RANGE FOR THE YEAR 1918.
BONDSN V STOCK EXCHANGE
Int.Per-iod.
Sales inJanuary1919.
Sales inDecember1918.
-177141tirWIT,V-PRICES IN JANUARY. RANGE FOR YEAR 1918.
Foreign Gov't SecuritiesAmer Foreign Securs 5s_ _ _1919 F - A 1,850,000 2,201,000 99% Sale 99% Sale 99% Jan. 2 oom Jan. 9 9434 April 9 100 Dec. 26Anglo-French 5-year 5s A - 010754 000 11,059,000 97 Salo 97% Sale 963/ Jan. 13 97% Jan. 31 8834 Jan. 2 9734 Dec. 27Argentine-Internal 5s of 1909 M- S 2,000 6,000 89% 89 93 90 Jan. 28 93 Jan. 11 78 Jan. 8 893-4 Nov. 18Bordeaux (City of) 3-yr 6s_1919 N 654,000 735,000 101 Sale 101% Sale 10034' Jan. 20101% Jan. 7 84 Jan. 4 102 Nov. 7Imperial Chinese Govt-Huktiang Ry sterling 59_1951 J -D 12,000 13,000 70 Sale 71 Sale 70 Jan. 2 71 Jan. 16 5334 Mar. 26 72 Nov. 13Rep of Cuba 5s ext debt__ _1904 M- S 16,000 3,000 95% 93 95 9234 Jan. 14 93 Jan. 13 9034 Jan. 8 100 May 275s ext debt ser A of 1914_1949 F - A 5,000 92% 9034 9634 9234 Jan. 13 9234 Jan. 13 903.4 Jan. 25 94% May 234%s external loan 1949 F - A 43,000 82% Sale 81 83 82 Jan. 3 83 Jan. 22 80 Mar. 18 84 April 22Dominion of Canada g 5s.1921 A - 0 230,000 80,000 98 Sale 9834 Sale 9734 Jan. 7 98% Jan. 31 9334 April 23 99 Nov. 14Do do 1926 A - 119,000, 106,000 97% Sale 9734 Sale 9634 Jan. 14 98 Jan. 4 907% Jan. 2 9734 Nov. 12Do do 1931 A - 282,000 198,000 97% Sale 973-4 Sale 973-4 Jan. 2 9834 Jan. 9 8834 Jan. 3 99 Nov. 14French Republic 2-yr 5%s_1919 A - 012783 000 3,565,000 104% Salo 10134 Sale 103 Jan. 13104% Jan. 3 04 Jan. 4 1053.4 Dec. 27Imp Japanese Govt-£45s1925 F - A 23,000, 19,000 87 Sale 87 Sale 8634 Jan. 6 88 Jan. 18 803.4 April 18 9234 Jan. 312(1 series 4%s 1925 J - 17,000, 13,000 85A Sale 8734 8834 86 Jan. 6 87% Jan. 20 8334 May 2 9234 Jan. 31do German stamp 91,0001 64,000 84 Jan. 22 85% Jan. 4 77 Jan. 2 90 Nov. 15Sterlinq loan 4s 1931 J - 2,0001 4,000 75% Sale 7034 7434 75 Jan. 6 75% Jan. 2 7334 June 28 76 Feb. 14Lyons (City of) 3-year Gs_ _1919 M- N 668,000' 253,000 101% Sale 10134 Sale looy Jan. 20101% Jan. 2 84 Jan. 4 1023.4 Nov. 7Marseilles City of) 3-yr Gs.1919 M- N 699,000 461,000 101 Sale 10134 Sale 10034 Jan. 23 101% Jan. 31 84 Jan. 3103 Nov. 12S of Mexico external gold
loan of 1899 sinking fund 5sQ - .T 2,000, 4,000 66 70 55 56 663-4 Jan. 6 70 Jan. 13 40 Jan. 25 64 Dec. 264s gold debt of 1904_ _ _ _1954 J -D 4,000' 43 55 Sale 55 Jan. 14 55 Jan. 14 40 Oct. 14 53 Nov. 25Paris (City of) 5-year 6s_ ._1921 A. - 02,220,000, 1,694,000 99% Sale 9934 Sale 9834 Jan. 23 99% Jan. 3 815-4 June 13 9934 Oct. 19Prov of Alberta deben 4%s 1924 F - A Tokyo City loan of 1912 5s...M- S 25,0001
6,0001 81 82% 81% 82% 81 Jan. 3 83 Jan. 11 68 Jan. 3 82% July 8United King of Gt Brit & Irei'd3-year notes 53's 1919 M- N 2,910,000 1,548,0001 100 Salo 100 Sale 9934 Jan. 20 100 5-16Jan 22 95% Jan. 4 100 Dec. 275-year notes 53/as 1921 M- N 3,277,000 1,708,000 98% Sale 98% Sale 9734 Jan. 13 9834 Jan. 29 91% Jan. 3 9934 Dec. 30Convertible notes 53s_ _1919 F - A 15429 000 3,941,000 101% Sale 100% Salo 100 Jan. 1811015% Jan. 2 97% Jan. 2 105 Nov. 1520-year gold bond 5%s_ _1937 F - A 3,025,000 36,000 101% Sale 100% Sale 100 Jan. 20 101% Jan. 2 10034 Dec. 24 10134 Dec. 31
Railroad BondsAlabama Mid. See At Coast LAlbany & Susq. See Del&HudAllegh & West. See Buff R & PAm Dock & Imp. See Cent of NJAnn Arbor 1st d 4s_ _July 1995Q- 7,000 5,000 55 57 58 55 Jan. 28 57 Jan. 28 51 July 26 6454 Nov. 12Atch Top & S F-Gen g 49_1995 A - 0 278,000 279,000 85 Sale 83% 83% 833-4 Jan. 24 8534 Jan. 4 79 Sept. 27 90 Nov. 8Registered 1995 A - 0 80 83 80 89 80 April 16 8534 Nov. 30Adjustment g 4s_ __July 1995 Nov 9,000 3,000 79% 80% 78% 80% 7934 Jan. 22 8034 Jan. 27 7134 April 8 81 Nov. 9Registered July 1995 Nov 733.4 June 19 7334 June 19Stamped 1995 M- N 22,000 227,000 79 Sale 75% 783,4 753,4 Jan. 30 793-4 Jan. 25 70 Sept. 20 823,4 Nov. 950-year cony gold 4s 1955 J -D 2,000 13,000 77 Sale 75 76% 76 Jan. 16 77 Jan. 3 713,4 Oct. 9 87 May 16Cony 4s issue of 1910 1960 J -D 11,000 4,000 95% 98 95 91 Jan. 13 9534 Jan. 17 82 April 17 963-4 Nov. 19East Okla Div 1st g 4s_ _1928 M- S 2,000 92% 93 92% 92% 92% Jan. 3 923-4 Jan. 22 9134 Aug. 26 913.4 Aug. 26Rocky Mt div 1st 4s A_ A965 - J 82% 82% 79 June 20 70 June 20Short Line 1st 4s gold_ _ _1958 J - J 4,000 3,000 81 Sale 80 81 79 Jan. 20 81 Jan. 2 745% Oct. 10 86 Dec. 5Cal-Ariz 1st & ref 43s_ _1962 M- S 1,000 5,000 85% 85 86% 85 Jan. 20 85 Jan. 20 79 Mar. 27 8534 Nov. 20S Fe Pres & Phe 1st g 5s_1942 M-S 93 94
Atlan Knoxv & No. See L & NAtl Coast L 1st g 4s ..July 1952General unified 43,4s_ ___1964Ala Mid 1st guar g 5s__ _1928
M-J -DM-
5 24,0006,000
N
32,00050,000
83% 8586 91
96
82% 8483% 8696%
8334 Jan. 2885 Jan. 22
85% Tan. 688 Jan. 4
77 July 874 Oct. 10
95% June 4
89% Nov 15893,4 Nov. 1298% Nov. 8
Brunsw W 1st gu g 4s_1938 J -J 80% 89 £80% 89 78 Oct. 9 78 Oct. 9
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20 BONDS-STOCK EXCHANGE RECORD [VoL. 108.
BONDSN V STOCK EXCHANGE
Int.Per-iod.
Atlantic Coast Line (Con.)-Charles & Say 1st g 7s_ _1936 J - JL & N count gold 4s_Oct 1952 M-NSay Fla & W 1st g 6s_ _ _1934 A - 0
1st gold 5s 1934 A -Atlan & Danv. See South'n RyAustin & N W. See So Pacificttalt & 0-Pr lien g 3%8,1925 J - J" Registered Q - J
Gold 4s July 1948 A - 0Registered @ - J
20-year convert 43's_ _1933 M- SRefund & gen 5s ser A_ _1995 J - DPittsb June 1st g 6s_ ___1922 J - JPitts Jct & M D 1st g 3%s '25 M- NPLE&WVaSys ref g 4s_ _1941 M- NS W Div 1st gold 3%s__1925 J - JC 0 Reorg 1st con g 4%s 1930 M- SClev Lor & W con 1st g 5s '33 A - 0Mon R 1st guar gold 5s_1919 F - AOhio River RR 1st g 5s_ _1936 J -D
General gold 5s 1937 A - 0Pitts Clev & Tol 1st g 6s_1922 A - 0Stat Is! Ry 1st gu g 0,0_1943 J -DTol Cin 1st & ref 4s Ser A1959 J - J
Beech Creek. See NYC&HRBelley & Carond. See Ill CentBolivia Ry 1st 5s 1927 J - JBruns & West. See AU Coast LBuff R & P gen g 5s 1937 M- SConsol 4325 1957 M-NAllegh & West 1st g gu 45 '98 A - 0Cl & Mah 1st gu g 5s_ _ _1943 J - JRoch & Pittsb 1st g 6s 1921 F - AConsol 1st gold 6s_ _ _1922 J - D
Burl C R & No. See C R I & Pac
Can Sou con gu A 5s 1962 A - 0Registered 1962 A - 0
Garb & Shawn. See Ill CentralCarolina Cent. See Scab Air LCaro Clinch & Ohio 1st 58_1938 J -DCarthage & Ad. SeeNY C& HCed R Ia F & N. SeeBCR& NiCentral Branch. See Mo Pacific,Central Ohio. See Bait & OhioCent of Ga-lst g 5s_Nov 19451F -A
Consol gold 5s 1945 M- NRegistered 1945 M- N
Chat 1Div pur money g 481951 J -DMac & Nor Div 1st g 5s_1946 J - JMid Ga & At! Div 5s 1947 J - JMobile Div 1st g 5s 1946 J - J
ten RR&B of Ga-Col g 581937 M-NCentral of N J-Gen g 5s_ _1987 J - J
Registered July 1987 Q - JAm Dock&Imp Co gu 5s.1921 J - JLeh & H R gen gu g 5s.1920 J - JN Y & L Br gen g 4s____1941 M- S
Central Pacific. See So Pac CoCent Ver 1st gu g 4s_May 1920 Q - FChes & 0-Fund & imp 58_1929 J - J
1st cons gold 5s 1939 M-NRegistered 1939 M-N
General gold---- 1992 M- S
Registered 1992 M- S20-year convertible 4%s.1930 F - A30-yr cony 55 secur bonds1946 A - 0Big Sandy 1st 45 1944 J -DCoal Riv Ry 1st gu 4s 1945 J -DCraig Valley 1st g 5s_ ..1940 J - JPotts Creek Br 1st 4s_ 1946 J - JR& A Div 1st con g 4s_ _1989 J2d con gold 45 1989 .14- J
Warm Spr Val 1st g 58_1941 M- SGreenbr Ry 1st gu g 4s_1940 M- N
Chic & Alt RR-Ref g 3s_ _1949 A - 0Railway 1st lien g 34s_ _1950 J - J
Chic Burl & Q-Denv D 4s 1922 F - AIllinois Division 3%s_ _ _1949 J - J
Registered 1949 J - JIowa Div sink fund 5s_ _1919 A - 0
Sinking fund 4s 1919 A - 0Nebraska Extension 4s_1927 M-N
Registered 1927 M-N4s joint bonds. See Grt NorGeneral 4s 1958 M- S
Chic & E Ill-Ref & impt g 4s '55 J - JTrust Co ctfs of deposit_1st cons gold 6s 1934 A -General cons 1st 5s 1937 M- N
Registered 193'7 M- NS M & Tr Co ctfs dep___ _____do do stamped_
Guar Tr Co ctfs of dep_Pur money 1st coal 5s_ A942 F - ACh & Ind Coal Ry 1st 5s.1936 J - J
Chic Gt West-lst 50-yr 4s1959 M- S
Chic Ind & Lou-Ref g 6s_1947 J - JRefunding gold 5s 1947 J - JRefunding 4s Series C 1947 J - JInd & Louisv 1st gu 4s_ _1956 J - J
Chic Ind & Sou-50-yr 4s_1956 J - JChic L S & East-lst 43-8_1969 J -DChic Milw & St Paul-Gen g 4s Ser A___ _May 1989 J - JPermanent 4s 1925J -DGen & ref ser A 4%s Jan 2014 A -0Gen ref cony ser B 5s Jan 2014 F - AGen g 3%s Ser B_ _May 1989J - JGeneral 43s Ser C_May 1989 J - J25-year debenture 4s 1934 J - JConvertible 4%s 1932 J -DCh & L Sup Div g 5s 1921 J - JCh & Mo Riv Div 5s1926 J - JChic & P W 1st g 5s 1921 J - JC M & Puget S 1st gen 4s1949 J - JDubuque Div 1st s f 6s_ _1920 J - JFargo & So assum g 6s_ _1924 J - J1st La Crosse & D 5s 1919 J - JWise & Minn Div g 5s_ _1921 J - JWis Val Div 1st s f 6s 1920 J - JMil & Nor 1st ext 43s 1934 J -DCons ext 4%s 1934J -D
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FEB., 1919.] BONDS-STOCK EXCHANGE RECORD 21
an I St L & C cons 6s_ _1920First gold 4s__ __Aug 1936
Registered ____Aug 1936Cin S & Cl cons 1st g 5s_192C C C & In gen con g 69_1934Ind DI & W let pref 4s__19400 I dr W 1st pref 5s_Apr 1938Peor & East 1st cons 49_1910Income 4s 1990
Cleve Lor & W. See Bait & 0Cleve & Mahon Vail. See ErieCleveland & Pitts. See Penn CoCleve Short L-lst gu 4%s 1961Colo & Southern 1st g 4s 1929Refunding & ext 4%s_ _ _1935F W & D City-lst g 69_1921
Colum & Hock V. See Hock ValCol Conn & Term. See Nor & WConn & Pas Rive 1st g 49_1943Cuba RR 1st 50-year 5s g_1952
Dallas & Waco. See Mo K & Telaware Lack & Western-
Del Riv RR Bdge. See Penn RRDen & R G-lst cons g 43_1936
Consol gold 4%s 1936Improvement gold Ss__ _1928First & refunding 5s_ __ -1955Trust co cents of dep
Rio Or June 1st gu g 5s_1939
J - JJ - JA -M- SA -A -J -DJ - JM-NA -F - A
J DJ - JJ -DJ - JJ -JM- NM- NM- S
BONDSN 'Y STOCK EXCHANGE
Chicago & North Western-Extension 4s 1886-1926
Registered_ 1886-1926General, gold, 3%s 1987
Registered Nov 1987General 4s 1987Stamped 1987
General 5s stamped_ __ _1987Sinking fund 69_ __1879-1929
Registered 1879-1929Sinking fund 59_1879-1929
Registered 1879-1929Debenture 5s 1921
Registered 1921Sinking fund deb 5s 1933
Registered 1933Des Pines Val let gu 4391947From Elk & Mo V let 69..1933Man GB&NW 1st gu 3%9 '41Milw & S L 1st gu 3%9_1941M L S & West let g 69.._1921Ext & imp s f g 5s 1929Ashland Div let g OsA925Michigan Div let g 6s_1924
Mil Spar & N W 1st gu 491947St L Peo & NW 1st gu 591948
Chic R I & Pacific gen g 4s_1988Registered 1988
Refund gold 43 1934R I Ark & L 4%s rec 1934Burl C H & No-gold 59_1934CRIF&N Wgug 5s 1921M & St L let gu g 7s_ __ _1927Choc Okl & G gen g 5s Oct '19
Consol gold 59 1952Keok & Des M 1st 5s 1923StP&KCShL1st 4%91941
Chic St L & N 0. See Ill CentChic St L & Pitts. See Penn CoChic St P M & 0 cons 6s 1930 J -DCons 69, reduced to 3%9 1930 J -DDebenture 5s 1930 NI- 8North Wisconsin let 69..1930 J -
_
St P & S City 1st g 69.._1919 A -Superior S L 1st 5s_June 1930 M- S
Chic T H & S'east let 59_ J - DChic & W I gen g 6s Dec 1932 Q -MConsol 50-year 4s 1952 .7 -
Choc Oki & G. See C R. I & P Cin Ham & D 2d g 4%9_ ..1937 J ..-Cin Fin & Ft W 1st guA49 '23 m- NDay & Mich 1st con 4 1931 -
Cin Ind St L & C. See C &StLCin San & Cloy. See CCC&StLClearfield & Mahon. See BR&PCCC&StLgeng4s 199320-year debenture 4%9..1931Gen 59 Series B 1993Cairo Div 1st gold 4s_....1939Cin W & M Div let g 49_1991St L Div 1st colt tr g 49_1990
Registered 1990Sp & Col Div 1st g 4s 1940W W Val Div let g 4s1940 -
M- N
Int.Per-iod.
F - AF - AM- NQ- FM- NM- NM- NA - 0A -A - 0A -A -A - 0M-NM - NM- SA - 0J - JJ - JM-NF - AM- SJ - JM- SJ -J
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 BONDS-STOCK EXCHANGE RECORD [voL. 108.BONDS I Int.
I Per-N If STOCK EXCHANGE! iod.
Sales inJanuary1919.
Sales inDecember1918.
PRICES IN JANUARY. RANGE FOR YEAR 1918.Jan. 2. Jan. 31. Lowest. Highest. Lowest. Highest.
Deny & R G-(Concluded) 1 $ $Rio Gr Sou 1st g 4s 1940 J - J
Guaranteed 19401 - J Rio Gr West 1st g 4s_ _ __19391J - J 16,000 9,000M & coll tr g 4s Ser A_1949 A - 0 7,000Des M & Ft D. See M & St L
Det & Mack 1st lien g 4s__1995 J -D Gold 4s 1995 J -D Detroit River Tunnel-Det Term Tunnel 1st 4%s '61 M-N 8,000 20,000Dul Missabe & Nor gen 5s_1941 J - J Dul & Iron Range 1st 5s_ _1937 A - 0 16,000 1,000Registered 1937 A - o
Duluth Short Line. See Nor PDul So Shore & Atl g 5s_ 1937 J - J
East of Minn. SeeSPM & Mast Tenn Reor lien. See So Ry
East Tenn Va, & Ga. See So RyElgin Jol & East 1st g 5s_ _ _1941 M-NErie-lst consol gold 7s_ 1920 M- S 10,000 2,000NY & Erie 1st ext g 4s 1947 M-N
2d ext gold 5s 1919 M- S 3d ext gold 4%s 1923 M - S 4th ext gold 5s 1920 A - 0 5th ext gold 49 1928J -D
N Y L E & W g fund 78_1920 M- $ Erie 1st con g prior 4s_ _1996 J - .11 25,000 74,000Registered J - J
1st consol gen lien g 4s 1996 J - J 252,000 115,000Registered J - J Penn coil trust g 4s_ _ _1951 F - A 1,000 5,00050-yr cony g 45 Ser A_1953 A- 0 98,000 161,000Do do Ser B_1953 A - 0 37,000 111,000Gen cony 4s Series D_1953 A - 0 233,000 281,000Chic & Erie 1st gold 5s__1982 M-N 2,000 5,000Cloy & Mahon Val g 5s_ _1938 J - J
Erie Sr Jersey 1st s f 6s_ _1955 J - J 1,000 7,000Genessee Riv RR 1st s f 65 '57 J - J 19,000Long Dock cons gold 6s_1035 A - 0 2,000C& RR Co 1st cur gu 6s.1922 M-N D & Impt Co 1st extd 5s.1943 J - J NY&Greenw L guar g 59.1946 M-N
. NYSusq&W 1st ref g 5s_1937 J - J 1,000 g0,000Second gold 43.s 1937 F - A IGeneral gold 5s 1940 F - A
Terminal 1st gold 5s_ _1943 M-N Mid of N J 1st ext 5s_ _1940 A -0 Wilk & East 1st gu g 5s_1940 J -D 1,0001Erie & Pittsburgh. See Penn Co
IEv & Ind 1st con gu g 6s_ _1926 J - J Ev Sr T H-lst cons g 6s_ _1921 J - J 13,000'
1st general gold 5s 1942 A - 0 IMt Vernon 1st gold 6s_ _1923 A - 0 Sul' Co Brch 1st g 5s_ __ _1930 A - 0
Fargo & Sou. See Ch M & St Pla Cent & P. See Seab Air L
Fla East Coast 1st 4%s_ _ _1959 J -D 15,000 31,000Fort St U D Co 1st g 43is_ 1941 J - JFt W & Rio Gr 1st g 4s_ _ _ _1928 J - J
Q & San A. See So Pac Co%-lia & Ala. See Seab Air LineGalv Hous & Hand 1st 58_1933 A - 0Ga Car & Nor. See Saab Air LGeorgia Pacific. See South RyGila V G & N. See Sou Pac CoGouv Sr Oswegat. See N Y CentGt Nor-C B & Q coil tr 4s.1921 J - J 1,315,000 1,066,000
Illinois Central-(Conc.)-Belie & Caron(' 1st 6s___1923Carib & Shaw 1st 4s g _1923Ch St L & N 0 gold 5s__1051
Registered 1951Gold 3%s 1951
Registered 1951Joint 1st ref ser A 5s1963Memphis Div 1st g 48_1951St L So 1st gii g 4s_ _ _1931
Ind Bl & W. See Cl C C-& St LInd Dec & W. See Cin H & I)Ind III & Ia 1st gold 4s__1950Intern & Gt No-lst g 6s_ _1919Iowa Central. See Minn & St LJack Laos & Sag. See Mich Cen'IP ames F & Clear 1st 4s_ _1959Vall All & G R. See L S-& M S
an & Mich. See Tol & 0 CKCFtS&M. See StL&SFK C & M Ry & B. See StL&SFK C & Pacific. See Mo K & TKan City South 1st g 3s 1950
Registered 1950Ref & Imp 55 Apr 1950J
Kansas C Term 1st 4s_ _ _ A960Kentucky Central. See L & NKeok & Des NI. SeeCRI&P
Knoxville & Ohio. See Sou fly
I ake E & W 1st gold 5s__1937.1-. 2d gold Os 1941
North Ohio 1st gu g 55_ _1945L Sh & Mich So. See N Y CentLeh V (N Y) 1st gu g 4%3_1940
Registered 1940JLeh V (Pa) gen con g 4s_ 2003Gen consol 43/2s 2003
Leh V Ter Ity 1st gu g 5s_ _1941Registered 1941
Lehigh Vali RR coil tr 6s 1928 Leh V Coal Co 1st gu g 59_1933
Registered 1933First int reduced to 4s 1933J
Leh & N Y-lst gu g 4s__ _1945Registered
Leh & Hud It. See Cent of N JLong Dock. See ErieLong Isl 1st con g 5s_July 1931
Lonisv & Nashv-Gen Os 1930Gold Os 1937Unified gold 45 1940
Registered 1940Coll trust gold 53 1931E H & Nash 1st g Os__ _ _1919Louis Cin & Lox g 4%8_1931N 0 & M 1st g 63 19302d g 65 1930
Pad & Mem Div 4s__1946
St Louis Div 1st g 6s 19212dxold 35 1980
At! Knox & Chi Div g 4s 1955Atl Knox & No 1st g 5s_ _1946Hend'son Bdge 1st sf 6s g 1931Kentucky Central g 4s 1987
Lox & E 1st 50-yr 5s gu. 1065L&NMob&M1stg434s_ _ _1945
L & N-Sou Mon joint 45_1952Registered July 1952
N Fl & Sher 1st gu g.5s_ _1937
Npt &ChiBgengug 4%s 1045
Pens & Atl 1st gu g (39.. _ _1921
S & N Ala con gu g 5s___1936Gen cons gu 50-yr 5s_ _1963
Lou &Jeff BdgeCo gug 4s 1945
Motioning Coal. See LS&MSo
"Aanito S W Coloniz g 5s_1934Manila RR-Sou lines 4s_ _1936McK'pt&BVern. SeeNY C& LIR
Mex Internat 1st cons g 4s_1977Stamped guaranteed_ __I977
Michigan Central. Se b NY Cent
Mid Term 1st g s f 55 1925
Mil L S & West. See Chtc&NW
Mil & North. See Ch M & St P
Minn & St L 1st gold 7s 1927Pacific Ext 1st gold 6s 1921
1st cons gold 53 1934
1st & refund gold 4s__.._19491st & ref Os Series A__ I962Des M & Ft D 1st gu g 43_1935Iowa Cent 1st gold 55__ _1938
Refunding gold 4s__ _1951
Minn & St L gu. See B C-It & N
M St P& SS M con gold 4s stpdpayment of int gu 19381st cons 5s 1938
M St P & S S M & Cent Term1st Chic Term s f 43_ _1941
M S S AI & Ail Ist gold 4s stpdpayment of int guar__1926
Minneap Un. See St P M & MMississippi Cent 1st
55_- __1949
Mo Kan & Okla. See M K & T
Mo Kan & Tex-Ist g 4s_ _1990
2d gold 4s June 1990
1st extension gold Os_ __1944
1st & refund intge 4s_ __2004Trust Co ctfs of deposit_
Generals f 43>4s 195-6. Trust Co ctfs of deposit_St Lou Div 1st ref g 4s__2001Dal & Wa 1st gu g 5s___1940Ran C & Pac 1st g 4s_ _ _1990Mo K & E 1st gu g 5s_ ..1942Mo K &Ok 1st gu 5s_ _ _1942
J -D M- s J -DJ -D J -D J -D J - DJ - D M- S
J - JM- N
J -D
A - 0A - 0 -5
J - J
J - JJ - J A -0
J - J- J
M-NM-N A - 0A - 0
J - J J - J - 5 M- S M- S
Q - j Q - J -DM- S -D M- S J -DM-NM- SA- 0M- S Q - 5 M- S
.1 -D M-NJ - J5 - J M- NJ - D M- N J - JJ - JF - AM- SM- S M-NJ -I) M- S J - JA - 0 M- S J - JIQ - J I -A J - J F - AF - A A - 0 M- S
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
24 BONDS-STOCK EXCHANGE RECORD [Vol,. 108.
BONDS Int.Per-
N V STOCK EXCHANGE iod.
IN,Io Kan & Tex-(Concluded)MK&T of T 1st gu g 5s_1942 M- SSher Shrev & So 1st gu g 5s'43 J - DTex & Okla 1st gu g 5s_ _1043 M- S
Missouri Pacific (new co)-1st & refund 5s Ser A_ _1965 F - A1st & ref 5s Ser B_ _Jan 1923 F - A1st & refund 5s Ser C__1926 F - AGeneral 4s 1975 M- S
Mo Pac-lst consol g 6s_ _1920 M- N40-year gold loan 4s_ __ _1945 M- S3d 7s ext at 4% 1938 M- NBoonv St L & S 1st 5s_ 1951 F - ACent Br Un Pac 1st g 48_1948 J -DPac R of M 1st ext g 4s 1938 F - A2d extended gold 55....1938 J - J
St Louis Iron Mt & South-Gen con ry & Id g 5s_ _1931 A -Gen con stpd gu g 58_1931 A -0Unif & ref gold
4s_-- _1929 J - J
Riv & Gulf Div 1stg4s '33 M-NVerdigrisVI&W 1st g 59_1926 M- S
Mobile & Birm. See South Ry.Mobile & Ohio new g 6s_ 1927 J - D
1st extension g 6s_ _July 1927 Q -General gold 4s 1938 M- SMontgom Div 1st g 5s 1947 F - ASt Louis Division 5s_ __ _19274 - DSt L & Cairo gu g 4s_ _ _ _1931 J -Collat trust 4s. See Southern,
Mohawk & Mal. See N C &HMontana Cent. See St PM & MIMorgan's LaScT. See So Pac Co:Morris & Essex. See D L & W1
Sales inJanuar&
10in.
Sales in 4 PRICES IN JANUARY.December 1918. r Jan. 2. 1 Jan. 31. Lowest. Highest. I
11 RANGE FOR YEAR 1918.
6,000 14,00013,000 29,00086,000 10,000
786,000 680,00027,000 12,000
5,000 2,000
13,000 10,000
63,000 11,00017,000 43,000
1,000
N'Mashy Chatt & St L 1st 55 1928A - 0 6,000A 1Jasper Brch 1st gold 63_1923 J - J Nash Flor & Shef. See Lou & N;Nat Rys Mex pr lien 4348_19571 - J 4,000Guaranteed general 4s_ _1977A. - 0 Nat of Mex pr lien g 4%s_ _19261.1 - .1
1st consol gold 4s 1951A - 0 N H & Derby. See N Y N H &HN J Junc'n RR. See N Y CentNewp't & Cin B'ge. SeeLou &NNew Orleans Term 1st 4s .A953 J - J 3,000 3,000N 0 Tex & Mex 1st SerA 6s1925 J - D 38,000 27,000,Non-cum income ser A 531935 A - 0 70,000 239,000N Y B & Man Beach. See L IslN Y Cent RR cony deb 6s_1935 M-N 1,27s,000 1,231,000,Consol Series A 4s 1998 F - A 1,000 30,000Ref & impt 4%s A 2013 A -0 26,000 64,000N Y Central & Hudson River-Gold mortgage 334s 1997 J - J 64,000 98,000Registered 1997 J - J Debenture gold 4s 1934 M-N 32,000 61,000Registered 1934 M-N 30-year debenture 4s___1942 J - J
Lake Shore Coll g 3%s_ _1998 F - A 10,000 47,000Registered 1998 F - A 1,000Mich Cent coil g 3s_1998 F - A 1,000 7,000-Registered 1998 F - A Beech Creek 1st gu 4s__1936 .J - J 1,000Registered 1936 J - J 2d guar gold 5s 1936 J - J
Registered 1936 J - J BchCr ex 1st gu g334sFeb '51 A - 0
Cart & Ad 1st gu g 4s_ _ _1081 J - D! Gouv & 0 1st gu g 5s_ _ _1942 J -DI Moh & Mal 1st gu g 4s_ _1991 M- S! N J June R gu 1st 4s_ _ _1986 F - Al N Y & Harlem g 33,4s2000 M-N
Registered 2000 M-N N Y& North 1st g 5s_ _ _1928 A - 0 NY&Put 1st con gu g 4s_1993 A -Pine Creek reg guar 6s_ _1932 J - D It W & 0 con 1st 5s_July 1922 A - 0 1,000 4,000Rutland 1st cons g 438_1941 J - J; 1,000Og & L Ch 1st gu g 4s_1948 J - 4,000iRutl-Can 1st gu g 4s__1949 J - J1 St Lawr & Adir 1st g 5s_1996 J - J 2d gold 6s_ _ z ______ 1996 A - 0,
Utica & Bl Riv gu g 4s_ _1922 J - J Lake Sh & M S g 3s_1997 J -D 8,000 10,000Registered 1997 J -D Debenture gold 4s_ __1928 M- S 40,000 93,000Registered 4s 1928 M- S 15,00025-year gold 43 1931 M-N 44,000 66,000Registered _ 1931 M- N
Kal A & G R Ist gu c 5s_1938 J - J Mahon Coal RR 1st 5s_ _1934 J - JPitts & L E-2d g 5s_Jan1928 A - 0 Pitts McK & Y 1st gu 6s 1932 J - J 2d guar 6s 1934J - J Michigan Central 5s.._1931 M- S
Registered 1931 Q - M 4s 1940 J - J 3,000Jack L & S gold 334s_ _1951 M- S 1st gold 33s 1952 M-N 20-year debenture 4s_1929 A - 0 3,000 10,000
N Y Chic & St L 1st g 43.1937 A - 0 7,000 4,000Registered 1937 A - 0 25-year debenture 4s_1931 M-N 22,000 66,000West Shore 1st 4s guar_ _2361 J - J 2,000 8,000Registered 2361 J - J 1,000 9,000N Y C Lines equip 5s_ 1919 M- N Equip tr 434s Ser K__1920 J - J NY Connect 1st gu 434s A.1953 F - A 20,000 19,000N Y & Greenwood L. See Erie
N Y & Har. SeeNYC&HltN Y Lack k West. See D L & W
Lowest. Highest.Bid. .3•Ask.IBid. Ask.' Sale Prices. Sale Prices. I5034 1 59 51 59 65 65 30%
92 April 1370 Aug. 1271 Oct. 1782 April 18934 Dec. 24813% April 15
8434 Dec. 13
98 Dec. 2
83 Nov. 137834 Dec. 27
1023,6 June 2495 May 1671 Nov. 20
78 Oct. 23
101 Jan. 24
38 Dec. 12
21 A u-g . 28
70 Nov. 129734 Nov. 215734 Nov. 9
10334 Nov. 128234 Nov. 138794 Nov. 18
76 'Nov. 29703 May 168934 Nov. 2379 Nov. 4,1
71% Dec. 97334 Nov. 146934 Nov. 26
863% 1Dec. 24
7934 April 22
955% June 25773% Dec. 30
983,4 Dec.1117
83 Nov. 1563 Mar. 1570 !Jan. 15
94 April 1676 Dec. I 473 May 2892% Nov. 98954 Dec. 240234 iNov. 9
82 Jan. 492 April 2274 Aug. 2
8294 Jan. 25
82 Jan. 18
723% April 2
7534 April 12
73 Jan. 1681% Jan. 875 Jan. 11
61 Jan. 177134 Sept. 2370 Oct. 2
85 Jan. 29 7734 Sept. 19
9834 Nov. 2075 July 27
88 ,,, Nov.120
8734 Nov.1113
7434 Nov. 098234 Nov. 1580 Nov. 14
90 Nov. 21
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.] BONDS-STOCK EXCHANGE RECORD 25
BONDSN Y STOCK EXCHANGE
Int.Per-iod.
Sales inJanuary1919.
Sales inDecember1918.
PRICES IN JANUARY. RANGE FOR YEAR 1918.
N Y L Erie & West. See ErieN ya, Long Bch. See Cent N JN Y New Haven & Hartford-Non-cony debenture 3%s '54 A - 0 Non-cony debenture 4s_1955 J - J 9,000Non-cony debenture 4s_1956 M-N 8,000Convertible deben 3%8_1956 J - J 1,000Convertible deben 6s___1948 J - J 8,000Consol Ry non-cony 4s_ _1930 F - A Non-cony deben 4s_ _ _1955 A -0
Harlem R & Pt Ches 1st 48'54 M-N B & N Y Air Line 1st 4s_1955 F - A Cent N E 1st guar 4s___1961 J - J 9,000Housaton RR con g 5s__1937 M- N N Y Proy & Bos gen 4s__1042 A - NY W'ches & B 1st 4%s 1946 J - J 55,000New Eng RR cons 4s___1945 J - J Providence Sec deb 48_1957 M- S 1,000Prov & Springf 1st 5s__1922 J J Providence Term 1st 40_1956 M- S
N Y & Northern. See N Y CentN Y Ont & W 1st g 4s June 1992 M- S 17,000Reg $5,000 only__ _June 1992 M- S General 4s 1955D -D
N Y & Putnam. SeeNYc& HN Y & Rock Beach. See Iffng LelN Y Susq & Western. See ErieNorf Sou 1st & ref A 5s_....1961 F - A 19,000Norfolk & South 1st g 5s_..1941 M-N Norfolk & West gen g 6s__1931 M- N Improvem't & ext g 6s__1934 F - A New River 1st gold 6s_ _ _1932 A - 0 Nor & W Ry 1st con g 4s.1996 A -0 72,000
Registered 1996 A - 0Div 1st & gen g 4s_ __ _1944 J - J10-25-year cony 4s_ _ _1932 J - D
Registered Jan 2047 Q 1Ref & imp 4%s ser A_2047 8,000iSt Paul-Dul Div g 48_ J - D
• Registered 1996 J - D C B & Q coll tr 4s. See Gt NorSt P & No Pac gen g 6s_ _1923 F - A 1,0001
Registered certificates 1923 eg - F St Paul & Duluth 1st 5s_1931 F - A 1,000/
1st consol gold 4s 1968 J -D Wash Cent Ry 1st g 4s_ _1948 Q - M
Nor P Ter Co 1st g 6s__1933 J - J worth Wiscon. See C St PM&O1,1
O & L Champ. See Rutlandhio Ind & W. See CCC&StL
Oregon & Cal. See Sou Pac CoOre RR & Nay. See Union PacOregon-Wash 1st & ref 4s_1961 J - J 29,000Oswego & Rome. SeeN Y CentPacific Coast Co 1st g 5s_1946 J -D 3,000A acific of Missouri. See Mo PacPaducah & Ills lst s f 4%s_1955 J - J Penn RR 1st 4s real est g__1923 M-N
Consol gold 58 1019 M- S Consol gold 4s 1943 M- N, Consol gold 4s 1948 M- N 14,000Consol 4 s 1960 F - A 45,000General 4 s 1965 J -D 241,000General 58 1968 J - D 1,449,000Alieg Val gen gu g 4s.._ _1942 M- S Del RivRRBdg 1st gu g 4s '36 F - A Phila Bait & W 1st g 4s_1943 M- N 1,000Sod Bay & So 1st g 5s_ _1924 J - J Sunbury & Lewis 1st g 451936 J - J UNJRR & Can Co gen 4s1944 M- S
Pennsylvania Co-gu 4 %s..1021Registered 1921
Gu 3 s colt tr reg ctfs_ _1937Gu 312s coil tr ctfs B 1941Gu g 3%s tr ctfs Ser C_ _1942Gu g 3%s tr ctfs Ser D 1944Guar gold 15-25-year 43_193140-yr gu tr ctfs 4s Ser EA952Cin lAcN 1st con gu g 4s_1942Clev & Mar 1st gu 4%8_1935Clev & Pitts gu g 43s A_ 1942
Series B 43s 1942Int reduced to 3%%A942Series C 3%s 1948Series D 33-is 1950
Erie & P gen gu g 3%s B 1940Series 0 1940
Gr R&I ex let gu g 4%s..1941Ohio Connect 1st gu 4s_ _1943Pitts Y & Ash let con 58_1927To1WV&O 1st gu 43-s A 1931
Series B 4%s 1933Series C 4$ 1942
PCC&StL gu g 4AsSerA 1940Series B guar 1942Series C guar 1042Series p 4s guar 1945Series E 3%s guar g 1949Series F cons 4s gu g.._1953Series G cons 48 guar _1957Series II cons 4s gu_ _ _1960Series I cons 4%s go.. _1963
Ch St L & P cons g 5s 1932Pensacola & At. See Lou&NashPeor & East. See C C C & St LPeor & Pek Union 1st gs_1921Second gold 4%s_ Feb 1921
Pere Marq-lst ser A 5s 19561st ser B 48 1956
Philippine Ry let 30-yr s f 4s '37Pine Creek. See N Y CentralPitts C C & St L. See Penn CoPittsb Clay & Tol. See Bait & 0Pitts Junction. See Bait & 0
J - JJ - JM- SF - A5- DJ -DA -M-NM- NM - NJ - JA -A -M- NF - A- J
J -J
J - JM- SM- NJ -JJ -JM- SA -A -M- NM- NF - AJ -DM- NF - AF - AA -
91 Sept. 2a9051 Sept. 1191 Sept. 1492 Nov. 190 Aug. 1495 Nov. 2010051 May 6
90 Nov. 87334 Nov. 1550 April 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
26 BONDS-STOCK EXCHANGE RECORD [VoL. 108.
BONDSN 'V STOCK EXCHANGE
Int.Per-iod.
Sales inJanuary1919.
Sales'inDecember1918.
PRICES IN JANUARY. RANGE FOR YEAR 1918.Jan. 2. Jan. 31. Lowest. Highest. Lowest. Highest.
Pitts & Lake E. See N Y CentPitts McK & Y. See N Y CentPittsb Shen & L E 1st g 55_1940
Fist consol gold 5s 1943Pitts Y & Ashtab. See Penn Co
Reading Co gen gold 4s_ _1997Registered 1097
Jersey Central coil g 4s_ _1951At! City 1st con gu g 4s_1951
Sag Tusc & H. See Pere Marqt Jos & Gr Is! 1st g 4s_ __1947
St Law & Adir. See N Y CentSt L & Cairo. See Mobile & OhioSt L Iron Mt & So. See Mo PacSt LMBr. SeeTer RRAssnof St LSt Louis & San Fran (Reorg Co)
Prior lien 4s ser A 1950Prior lien 5s ser B 1950Cum adj ser A 6s 1955Income ser A Os 1960
St L & San Fr-Gen g 6s_ _1931General gold 5s 1931St L& SF RR cons g 4s_1996South West Div g 5s 1947
KC Ft S& M con g 6s_ _1928K C Ft S & M Ry ref g 4s1936KC&M R&B 1st gu g 58_1929
St Louis South. See Ill CentralSt Louis Southw-lst g 48_1989
2d g 4s inc bd ctfs_ _Nov 1889Consol gold 4s 19321st terml & unit 5s 1952Grays Pt Ter 1st gu g 5s_ 1947
St Paul & Duluth. See No RaeSt P Min & Man. See Gt NorthSt Paul & Nor Pac. See No PacSt P & Sioux C. See CStPM&OSA&AP 1st guar g 4s_ _ _1943SF&NP lstsfg 5s 1919Scioto Val & N E. See Nor & WSeaboard Air Line g 4s 1950Stamped 1950Adjustment 5s Oct 1949Refunding 4s 1059Atl-Bir 30-yr 1st g 4s_May'33Caro Cent 1st cons g 4s_1949Fla Cent & Pen 1st ext 6s_'23
1st land grant ext g 5s_ 1930Consol gold 5s 1943
Ga & Ala 1st cons 5s_Oct 1945Ga Car & Nor 1st gu g 5s 1929Seab & Roanoke 1st 5s_ _1926
Sher Shr & So. See Mo K & TSi! Sp 0 & G. 'See Atl Coast LSou Caro & Ga. See SouthernSouthern Pacific Co-
4s g Cent Pac coil_ _Aug 1949Convertible 4s_ _ June 1929Convertible 5s 1934Cent Pac 1st ref gu g 4s_1949
Registered 1949Mtg gu g 3Ms__ _Aug 1929Through St L 1st gug 4s_ '54
Gal H & San Ant 1st 5s_19312d guar exten 5s 1931
Gila V 0 & N 1st gu g 5s 1921HE&WT 1st g 5s_ __ _1933
1st gu g 55 redeem_-
_1933H & Tex C 1st g 5s int gu1937Gen gold 4s, int guar 1921Waco & NW 1st g 6s_1930
A & N W let gu g 5s_ ....1941Louisiana West 1st 6s_ _1921
J -DM- SJ -DF - AF - AJ -DA - 0M-NJ - JM- NM-NM-NJ JA -M-NJ -JJ -J
Morgan's La & T 1st 6s_1920 J - JNor of Cal gu gold 5s__ _1938 A - 0Ore & Cal 1st gu g 5s__ _1927 J - JSo Pac of Cal 1st cons 5s 1937M- NS P Coast 1st gu g 4s__ _1937 J - JSan Fran Term 1st 4s_ _ A950 A - 0Tex & N 0 cons g 5s____1943 J - JSo Pac RR 1st ref gu 48_1955 J - J
Southern-lst cons g 5s_ __1994 J - JDevel & gen 4s, Ser A__1956 A - 0Mob & 0 coll tr g 4s_ __ _1938 M- SMem Div 1st g 5s 1996 J - JSt L Div 1st g 4s 1951 J - JAla Gt Sou 1st cons A 5s 1943 J - DAt! (.1,c Char A L 1st A 4%s '44 J - J
Debenture Series B 6s 1939S - J - 90 Aug. 15 90 Aug. lb1st lien equip s f g 5s___1921 M- S 97% 96% 96 July 13 1003-1 Mar. 21st lien 50-yr g term 48_1954 J - J 96 65 65 Sept. 17 65 Sept. 17Dot&ChLx 1st g 5s_ __1941 - J 87% 102 87% Des Moines Div 1st g 4s_193 J - .T 77 Omaha Div 1st g 3%s_ _1941 A -0 69 72 67 72 Tol & Chic Div 1st g 4s_1941 M- S 1,000 74 Jan. 16 74 Jan. 16
Wash Term 1st gu 3%s___1945 F - A 77% 75% 80 1st guar 40-year 48 1945 F - A 84% 84 82 Aug. 26 82 Aug. 26
West Maryland 1st g 4s___1952 A - 0 46,000 54,0001 56 597% 58 Sale 58 Jan. 3 58% Jan. 17 56% Dec. 30 72 Nov. 12West N Y & Pa 1st g 5s___1937 J - .11 97% 99% 99% 100 99 Jan. 29 99 Jan. 29General gold 4s 1943 A - 0 5,000 85% 85% 60 Aug. 23 70 April 2Income 5s 1943 Nov
Western Pacific 1st 59 A_ A946 69,000 75,0001 86 Sale 84% Sale 84% Jan. 31 86% Jan. 7 79% Feb. 6 90 Nov. 13Wheel & L Erie-lst g 5s .1926 A - 0 90 90 90 96 90 Oct. 9 93 Oct. 11Wheeling Div 1st g 5s__1928S - J 96 96
iExten & mpt gold 5s__ A930 F - A 98% 98% Refunding 4%s Ser A_ __1966 M- S 1,000 10,000 56% 70 59 65 64 Jan. 6 64 Jan. 6 60 Mar. 20 63 Nov. 25
Wh & LE RR 1st con g 4s_1949 M- S 70% 65 69 554 April 24 69 Nov. 29Winston-Salem S B 1st 48_1960 J - J 73% 82 78 82 67% Aug. 9 72 Nov. 6Wiscon Cent 1st gen g 4s_ _1949 J - J 29,000 19,000 80 Sale 77% 80% 78 Jan. 28 80 Jan. 2 6931 Aug. 22 83 Nov. 12Sup&DulDiv&Ter 1st 4s 1936 M-N 2,000 78% 84 72% 75% 723-I Jan. 17 74% Jan. 28 72 Jan. 25 78% Nov. 27
Street Railwdy BondsBrooklyn Rap Trans g 5s__1945 A -0 54,0001 8,000 76 Sale 71 Salo 65 Jan. 24 76 Jan. 2 79% Jan. 25 88 Nov. 26
650,000 79% Sale 78% 79% 75 Jan. 23 Jan. 10 83% Dec. 30 96% Oct. 1.11Bklyn City 1st con 5s '16-'41 J - J 1,000 94 80 92 89 Oct. 19 92 Dec. 5Bklyn Q Co & S gu g 58'16-'41 M-N 70 70 Bklyn Q Co & S 1st 58__1941 - J 99% 99% Bklyn Un El 1st g 4-5s__1950 F - A 16,000; 13,000, 80 72% Sale 72 Jan. 29 78 Jan. 20 78 July 8 87% Jan. 3Stamped guaranteed_1950 F - A 6,000' 4,000, 7131 Sale 7131 Jan. 31 72 Jan. 30 7834 July 12 8631 Nov.,14
Kings Co El 1st g 4s___ _1949 F - A 1,000 1,000, 68 77 60 65 57 Jan. 15 57 Jan. 15 66 May 28 72 Nov. 25Stamped guaranteed_1949
Nassau Elec guar gold 4s 1951F - AJ - J
1,000 5,0000,000
56% 58%
56% 72% 58%
62 Jan. 18 62 Jan. 18 68% Dec. 2355 May 9
68% Dec. 2365% Sept. 19
Chicago Rys--.1st 5s 1927 F - A 22,000 31,000 81% 87 79% Sale 79 Jan. 27 81 Jais.- 13 8034 Sept. 30 88 Nov. 19Conn Ry & Lt-lst g 4%9_1951Stamped guar 4%8 1951
J - J J - J
88% 88%
8989
- 8534 Sept. 19,
85 April 1818734 Nov. 138631 Oct. 13
Det United 1st cons g 4%8_1932 J - 5 41,000 9,000. 73 74% 74% 75 73 Jan. 13 68 Feb. 27 80 Nov. 13Ft Smith Lt & Tr 1st g 53_1936 M- S 70 Hudson & Manhat ser A 5s 1957 F - A 338,000 301,000, 58 Salo 58 Sale 56% Jan. 23 60% Jan. 9 48% Jan. 2 6931 Nov. 12
Adjust income 58 1957 346,000 396,000 17 Sale 16% Sale 16 Jan. 22 18 • Jan. 7 14% Jan. 11 25 May 20N Y & Jersey 1st 5s____1932 F - A 90 100 90 100 87 Oct. 21 90 July 24
Inter-Metrop coil 4 2s_ ___1956 A - 02,397,000 1,091,000 39% Sale 39% Sale 38% Jan. 28 43% Jan. 8 38 Dec. 26 58% Nov. 12Interboro R T 1st & ref 5s_1966 J - .T 2,328,000 2,436,000 70% Sale 70 Sale 683% Jan. 21 72% Jan. 8 69 Dec. 30 85 Feb. 8Manhat Ry (NY) con g 48_1990 A - 0 2,000' 25,000 75 80 72 73 72 Jan. 25 72 Jan. 25 73% July 5 8134 Nov. 12Stamped tax exempt A -0 11,000 6,000 75 72 74%, 74 Jan. 22 74% Jan. 27 745% June 26 84% Nov. 9
Manila RIce 1st & coil 5s_ _1953 M- S 75 80 75 80 I 80 Ju y 2 80 July 2Met St-B'y & 7th Ay 58__1943Col & 9th Ay 1st gu g 58_1993
J - D M- S 5,000
7,000 77 84% 70
77%1 68 70 I 68 Jan. 10 68 Jan 10: 76% Jan. 5 85 Feb. 7
Lox Av & P F 1st gu g 5s 1993 M- S 1,000 74 Sale 74 74 Jan. 2 74 Jan. 2' Met W S Elev Chic 1st 48_1938 F - A 54 Dec. 30 54 Dec. 30Milw El Ry & Lt cons 58_ _1926 F - A 97 97 Refunding & ext 4%8___1931 J - 5,000 81% June 26 8134 June 26General & refund 5s_ ___1951 J - D
Minn St Ry 1st con g 5s_ __1919 J - .11 99% 99% Mont Tram 1st & ref A 55_1941 J - J 82 96 83 N Orl Ry & Lt gen 4%s_ __1935N Y Munic Ry 1st A 55_ __1966
.T - JJ - .T 20,000
72% 72%' 1 55 Jan. 21 57 Jan. 6
New York Rys 1st & ref 48_1942Adjustment income 5s__1942
J - 5A -0
167,000421,000
216,0001,076,000
42 Sale11% Sale
41 43%'12% 14
40% Jan. 611% Jan. 2
43% Jan. 1714% Jan. 8
3831 Dec. 2411 Dec. 27
54 May 242431 May 22
N Y State Rys 1st cons 4%s '62 M- N 3,000 62 62 61% Jan. 16 62 Jan. 6 63 Sept. 9 70 June 19
Portland Ry 1st & ref 5s__1930 M-N 72 99 72 99 Port Ry L & P cony 55_ __1942 F - A 6234 Mar. 12 68 June 21St Jos Ry L II & P 1st g 58_1937 M- N 81 81 St Paul C Cable cons g 5s.._1937Third Ave 1st ref 4s 1960
Adjustment income 5s__1960 A - 0 534,000 252,000 28 Sale 2838 Sale 27% Jan. 29 31% Jan. 8 27% Mar. 2 38% Nov. 12Third Ave RR 1st gold 58_1937 J - J 1,000 96 100 87% 100 90 Aug. 30 97 Dec. 13Tr-City Ry & Lt 1st s f 5s_1923 A - 0 14,000 10,000 94% 95% 97 94% Jan. 14 05% Jan. 30: 91 April 25 96 Feo. 8Undergr'd of London 4%8_1938Income 6s 1948
Un Rys Inv-5s Pitts iss 1926United Rys St L 1st g 4s_ _19:34
J - J J - J M-N J - J 17,000
9,000 3,000'
76% 62%
6949% 50
77 65 55 69
50% Jan. 13 52% Jan. 15
76 Mar. 15 56 Mar. 12 58 Feb. 19
49 Dec. 21
80 Feb. 860 Jan. 266 Oct. 245531 April 12
St Louis Tran gu imp 53_1924United RRs San Fr s f 4s_ _1927Union Trust (N Y) ctf dep Equitable Tr (N Y) inter ctf_
Virginia Ry & Pow 1st 5s_1934
A - 0 A -0
J - J
1,00024,00055,0003,000
3,00045,000
57 35
15 25%15 25
80%
60 37
21% 25%21% 2579 Sale
22 Jan. 2822 Jan. 1822 Jan. 779 Jan. 18
22 Jan. 2822 Jan. 2323 Jan. 979 Jan. 18
825 Feb. 2122 April 2422 Sept. 2177 May 31
825 Feb. 2126% May 2227 May 1880% Jan. 11
Gas & Electric Light CosBklyn Un Gas Co 1st c g 55 1945 M - N 12,000 6,000 95 Sale 9434 94% 94 Jan. 20 95 Jan. 2 85 Sept. 9 95 Jan. 20Buffalo City Gas 1st 5s_ __1947Clnc Gas & El 1st & ref 5s_1956Columbis Gas & El 1st 58_1927Stamped
A - 0 A - 0 J - JJ - J
4,0005,000
1 1,0009,000)3,000
90 82 82%82
90 80 8881% 82%
82 Jan. 2982 Jan. 24
82% Jan. 682 Jan. 24
8934 April 470 Aug. 16,76 Jan. 22'
9182% Dec. 1982 Nov. 21
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
28 BONDS-STOCK EXCHANGE RECORD
BONDSN Y STOCK EXCHANGE
Int.Per-iod.
Consolidated Gas cony 65_1920 Q - FCons Gas E L & P of Bait 5-yearcony 5s 1921 M- N
Detroit City Gas Co g 5s_ _1923 J - JDetroit Edison Co 1st 5s_ _1933 J - J
, 1st & ref 5s Series A 1940 M- SEq Gas L Co N Y con g 5s_1932 M- SGas & El Co of Bergen Co 58 '49 J -DHavana Elec Ry cons g 5s..1952 F - AHudson Co Gas 1st g 55 1949 M-NKansas City (Mo) Gas 5s.._1922 A - 0Kings Co EL &Pg 5s_1937 A -Purchase money Os 1997 A -0Convertible deb as 1925 M- SEd El Ill Bkn 1st con g 481939 J - J
Lac Gas L 1st g 5s___May 1919 Q - FRefund & ext 1st g 5s 1934 A -
Milwaukee Gas Lt 1st 4s....1927 M-NNewark Cons Gas cons 55 g1948 J - DN Y Gas El Lt H & P 5s 1948 J -DPurch money coil tr g 4s_1949 F - AEd El III 1st cons g 5s_ 1995 J - J
NY&QE1L&P 1st cg 581930 F-APacific Gas & Elec-Cal G & ECorp unifying & ref 5s_ _1937 M- N
Pacific G & E gen & ref 5s.1942 J - JPacific Pow & Lt 1st & ref 5s '30 F - APaterson & Passaic G&E5s.1949 M- SPeople's Gas & C-lst 6s....1943 A - 0
Refunding fold 5s 1947 M- SCh Gas L & C 1st gu g 5s 1937.7 - JConsum Gas Ch 1st gu g 53'36 J - DInd Nat Gas & Oil ref 5s_1936 M-NMut Fuel Gas 1st gu g 5s 1947 M- N
Phila Co cony deb 5s 1919 F - ACony deben 5s gold_ _ _ _1922 M-N
Stand Gas & El cony s f 6s_1926 J - DSyracuse Ltg Co 1st g 5s 1951 J -DSyracuse Lt & Pow s f J - JTrenton Gas & Elec 1st 5s..1949 M- SUnion El L & P 1st g 5s_ 1932 M- SRefunding 5s 1933 M-N
United Fuel Gas lst.s f 68_1936 J - JUtah Power & Lt 1st 55_ _1944 F - AUtica Elec L & P 1st s f 5s g1950 J - JUtica G & El ref & ext 55 .A957 J - JWestchester Light gold 5s..1950 J - D
Miscellaneous BondsAdams Express coil tr g 4s.. 1948M- SAlaska Gold M deb 6s A_ _1925 M- S10-year cony fis Ser B1926 M- S
Am Steamship of W Va 1st 53'20 M- NArmour&Co 1st real est 434s '39 J -DBooth Fisheries deb s f 0_1926 A - 0Braden Copper coil tr s f Os 1931 F - ABush Terminal 1st 4s 1952 A - 0
ChC & ConnRys coil 5s Jan1927 A - 0Chic Un Stat 1st gu A 4%s.1963 S - JChile Copper cony 7s 1923 M-N
Coll trust 6s ser A sub rects__ M-NColl trust 6s cony ser A_1932 A - 0
Computing-Tab-Rec s f (Is _1941 J - JComstock 'runnel Inc 4s_ 1919 M-NGranby Con M S & P 1st 6s1928 M-NStamped 1928 M-N
Great Falls Pow 1st s f 5s_ _1940 M-NInt Merc Marine 1st s 1 6:4_1941 A - 0Montana Pow 1st & ref s f 5s A J - JMortgage Bond 4s Ser 2.. 1966 A - 010-20-year 5s Series 3_ _1932J - J
Morris & Co 1st s f 434s_ 1939 J - JN Y Dock 50-year gold 45_1951 F - ANiag Falls Power 1st 5s_ 1932 J -Refunding & gen 6s.Jan 1932 A - 0
Niag Lock & Ont Pow 1st5s1954 M- NNorth States Power 5s A 1941 A - 0Ontario Pow N F 1st 5s_ 1943 F - AOntario Transmission 5s_..1945 M-NPan-Am P&T 1st cony 6s '19-27 J - JPub Ser Cor NJ gen 50-yr 5s '59 A -0Sierra & S F Power 1st 5s_1949 F - ATennessee Cop 1st cony 68_1925 M-NWash Wat Pow 1st 30-yr 5s1939 J - JWilson & Co 1st s f 6s 1941 A -
Manufacturing & IndustrialAm Agr Chem 1st cons 58_1928 A -0
Convertible deb 5s 1924 F - AAm Cotton Oil deb 5s 1931 M- NAm Hide & L 1st s f g 6s 1919 M-Am Smeltg & Ref ser A 5s_1947 A - 0Am Tobacco 40-year g 6s_ _1944 A -048 1951 F - A
Am Writing Paper 1st s f 5s1919 J - JTrust Co ctts of deposit
Baldwin Loc Wks 1st s f 5s.1940 M-NCentral Leather 20-yr g 5s_1925 A - 0Central Foundry 1st s f 65_1931 F - AConsol Tobacco 50-yr g 4s_1951 F - ACorn Prod Ref gold s f 5s.._1931 M- N
1st 25-ears 5s 1934 M-NDistillers S C cony 1st g 5s 1927 A - 0E I du Pont Powder 434s_ _1936 J -DGeneral Baking 1st 25-yr 6s1936 J -DGeneral Elec deb g 334s.._ _1942 F - ADebenture 5s 1952 M- S
Ingersoll-Rand 1st 5s_Dec 1935 J -SInt Agric Corp 1st & coil tr 5s'32 M-NInternat Paper cony s f g 581935 J - JLiggett & Myers Tob 7s 1944 A -05s 1951 F - A
(P) LorWard Co 7s 1944 A -58 1941 F - A
Mex Petrol Ltd cony 6s 1921 A - 01st lien & ref 6s Series C_ 1921 A -
Standard Milling 1st 5s_ _1930The Texas Co cony deb 62_1931Union Bag & Paper 1st s f 5s '30
Stamped Union Oil of Calif let 52_ __1931US Realty & Impt deb g 5s 1924U S Rubber 5-yr sec 72_ _ _ _1923
1st & ref 52 series A_ _ _ _1947US Smelt Ref & Mg cony Os 1926Va-Car Chem 1st 15-yr 5s_1923Cony deb s f 6s_ .._May 1924
Western Elec 1st 52 Dec 31 1922
M- NJ -J -JJ -JJ JJ - JJ -DJ -J
J -DA - 0J - J
Coal, Iron and Steel BondsBeth Steel 1st ext s f 5s_ __1926 J -
1st & refund 5s gu ser A_1942 M-N20-yr pur & m imp f 52_1936 J - J
Buff & Susq I s f 5s 1932J -DDeb 5s Jan 1926 M- S
Cah C M Co 1st gu g 6s_ _ _1922 J -DCol Fuel & I Co gen s f g 5s 1943 F - ACol Indus 1st coil tr 52 gu_ _1934 F - AConsol Coal Md 40-yr 42.._1950 J - DElk Horn Coal cony 62____1925 J - DIllinois Steel deben 434s_ __1940 A - 0Indiana Steel 1st 5s 1952 M-NJefferson & Clearf 2d 5s_ _ _1926 J -DLackaw Steel 1st cony 5s_ _1923 A - 0
1st cons 52 Series A 1950 M- SMidvale St & Ord cony s f 52 '36 M- SPocahon Con Coll 1st s f 5s 1957 J - JRepub I & S sink fund 5s_1940 A - 0St L R Mt & Pac 52 stmp'd 1955 J - JTenn C I & RR gen 52_ _ _ _1951 J - JU S Steel Corps f g 5s_Apr 1963 M-N
Registered Apr 1963 M-NVictor Fuel 1st s f 5s 1953J - JVa Jr Coal & Coke 1st g 55..1949 M- S
7,000101,000,9,000
3,000,213,000,173,000,
1,388,000,27,000,61,000,58,000,45,0001
18,000,37,000,76,000
Telegraph and TelephoneAm Tel & Tel coil trust 42_1929 J - J
Cent Dist Tel 1st 30-yr 55_1943 J - DChicago Telephone 1st 5s_1923 J - DCommercial Cable 1st g 45.2397 Q - JCumb T & T 1st & gen 52_1937 J - JKeystone Telephone 1st 5s 1935J - JMich State Telep 1st 20-yr 52'24 F - ANY&NJ Telep gen 52_ _ _1920, M - NN Y Tel 1st & gen s f 4542_1939,M- NPacific T & T 1st 5s 19371 - JMouth Bell T & T 1st s f 5s_1941 J - JWest Un-Coll tr cur 52_ _ _1938 J - JFund & real est 4142 g 1950M-NMutual Un ext 5s gu_ _ _19411M - NNo W Tel gu fund 4142 g 19341J - J
8531 Aug. 19 91 Nov. 1497 Jan. 21 98 May 2084 Sept. 9 92 Nov. 887 Aug. 23 9634 Nov. 2386 Aug. 21 97 Nov. 19.8734 Sept. 10 9336 June 1680 April 4 9234 Nov. 14
-----
a On the basis of $5 to the £ sterling. b On the basis of four marks to one dollar. c First installment paid. d Full paid. e Part paid. s Optionsales. y Bonds "when issued." z Flat 'price.
STOCKS-PRICES AND SALES FOR JANUARY 1919 AND THE YEAR 1918.In accordance with a rule of the Stock Exchange effective Oct. 13 1915, all stocks are now quoted dollars per share.
Prices are on basis of 100-share lots. Exceptions of stocks which sell only in a small way are noted by the letter a. lOption sales are disregarded.
895% April 224834 Dec. 3153 April 252534 Dec. 26a41 May 2135 Mar. 254934 Jan. 15
7 April 171031 Dec. 306 April 91835 April 133731 April 226634 April 11893.4 Mar. 25125 July 1518 April 2256% Jan. 1546 Jan. 1569 Sept. 25110 Dec. 626 Fob. 2158% May 718 April 2247 April 340 April 4
100 Dec. 28160 April 17254 Jan. 45 April 2380 April 62% Feb. 14% May 214 April 172336 Jan. 161834 Jan. 2586 Jan. 152536 Jan. 158 Mar. 527 Mar. 892 Jan. 741 Dec. 2417 Dec. 302 Jan. 5
1554 April 1745 Jan. 53 Oct. 22734 Oct. 1018 April 23
Sale Prices.993% Nov. 129234 Nov. 121034 June 15109 Nov. 2062 Nov. 126435 Nov. 1348% Jan. 2a49 Aug. 3017474 Oct. 146274 Nov. 12
99 Mar. 558 Jan. 2227 Dec. 3083 April 3095 Jan. 241 April 2765% Feb. 20243% July 281 Jan. 5
29 Mar. 2583 June 2450 Jaa. 31100 Jan. 256514 Dec. 3082 July 1012 April 21643% Aug. 291005% June 31734 Jan. 8823% Jan. 353 Feb. 151443% Aug. 2388 Jan. 1670 Dec. 1457 Jan. 4235% Jan. 15,50 Dec. 27119 May 27
Nevada Consol Copper 5New York Air Brake .100New York Dock 100
Preferred 100No Amer Co new stock.100Nova Scotia Steel & C..100Ohio Cities Gas (The)_ 25Ohio Fuel Supply 25Oklahoma Prod & Ref_ _ _5Ontario Silver Mining _100Owens Bottle-Mach 25Pacific Mail SS 5Pacific Tel & Tel 100Pan-Amer Pet & Tr.. 60
Preferred 100People's Gas L & Coke..100Philadelphia Co (Pitts) 50
Pierce-Arrow Mot C no parPreferred 100
Pierce Oil Corp'n 25Pittsburgh Coal (of Pa)100
Preferred 100Pittsburgh Steel pref 100Pond Creek Coal 10Pressed Steel Car 100
Preferred 100Pub Serv Corp of N J_ _100Pullman Company.. ......100Railway Steel Spring.. .100
Preferred 100Ray Consol Copper_. 10Republic Iron & Steel_100
Preferred 100Royal Dutch Co certfs__:.Savage Arms Corp.. _....100Saxon Motor Car 100Sears Roebuck & Co .100
ShattuckArizonaCopper10Sinclair Oil & Refg_no parSloss-SlieffieldSteel&I_100South Porto Rico Sugar100
Preferred 100Standard Milling 100
Preferred 100Stewart-Warner Speed 100Stronaberg Carburet no parStudebaker Corp (The)100
6,900 100,550 37 Sale 383% Sale 1383% Sale 13754 Jan. 11 3934 Jan. 3 3634 Oct. 30 4454 May 13133,900 792,479 92 Sale 1073% Sale 11134 Sale 1074 Jan. 2 11834 Jan. 16 833% Mar. 28 10834 Dec. 28
66 Jan. 3 68 Jan. 301 59 Jan. 18 7034 July 26a Less than 100 shares. b Ex-rights. c Ex-div. Sc rights. d 1st paid. e 2d paid. .1 Full paid. g 3d paid. h Ex-stock div. j Quoted ex-dividend
during the month prior to this date. z Ex-dividend. siarust certificates.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
33
GENERAL QUOTATIONSBONDS AND STOCKS
1. In the following thirty-two pages of tables, quotations are given for all the more important securities listed onany Stock Exchange in the United States; also for leading unlisted and inactive securities.
2. Quotations from all Stock Exchanges are as near as possible for the closing day of the month preceding the date of
issue. As the New6York Stock Exchange began with Jan. 2 1909 to quote all bond prices "and interest," we have adoptedthe same method, and no longer employ a designating mark to indicate the fact except where there is a deviation fromthis rule. The reader will understand, therefore, that unless the letter "f" is prefixed to the price, he must pay accruedinterest in addition to the price. This, however, does not apply to income bonds or bonds in default, in which cases
the price includes the interest, should there be any.3. The letter "f" prefixed to bond prices denotes that the quotation is a flat price—that is, that the accrued interest
forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. As
already stated in the case of income bonds and bonds in default, the price is always "flat," and no designating mark is
employed to indicate the fact.4. Stock prices marked thus (d) are per share. All others are per cent except bank stock prices, which are quoted
per share unless otherwise stated.5. It should be borne in mind in the use of these tables thqt the quotations for many inactive and unlisted securities
are merely nominal, but in all cases the figures are obtained from sources which are considered reliable.6. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "g'd" for guaranteed, "end" for
endorsed, "cons" for consolidated, "cony" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional.
7. The black-faced typo in the letters showing the interest period indicates the month when the bonds mature.
NOTICE.—All bond prices are "and interest" except where marked "l" and income and defaulted bonds.
Bonds Ask. Bonds ! Bid. I Ask. I Bonds Bid. Ask.
RAILROAD BONDSnude of companiet consor d are
Halt & Flarrisb—Seo West Md IBaltimore Ohio—
Bolt A Susquehanna Ft R Corp—let 4.8 Dec 30 1963______ J&J 73 74
often under the consolidated name. Prior lien 3%s g 1925 ___J&J 88 88% Burl Cod RapANo—SeeCRIALPAdirondack—See Del & Hudson let M 4s g July 1 1048 __A&O 763 79% ButteAnsconda & Pac 5s '44 Fl 89 89
Akron & Barb Belt g 4s '42_ JAD 81 Cenv 434 81933 red 1923 MIS 778 78 ; California N W 59 1923 gu_AAs0--58
100
Ala Gt South 1st as Dec '27_ J&J 963 100 Ref I gin (Si 1995 Sir A _JAD 818 82 Cam is Clear—lot 5s g '41_JA.1 100
Gen M 5s Dec 1 192/ 6__J&D 90 a% notes 1919 J&J 9954 99% Gen M g 40 19:35 PIA 85let cons g fis 1943 Ser A _J&D 85% Eq g 43.4s 1919-Feb '22 _PALA b 5.85 5.40% Canada Sou as 1962 eer A _A&O 93' 9434Belt Ry of Chatt as 1943_J&J 80 Eq 454o 1919-1923 ___.,_A&O b 5.85 5.40%;Canadian Northern—
Ala Midland—See Atl Coast Lin Pitt JcAll div354s g'2511,1&N, 84 86 let con deb 4s 1930 gu_J&D30b 6347 5%
Alabama N On T & P June— MUM Lake Erie As W Va— Eq 434s various__ _ b 6347 631 %
"A" deb fis g '40 red '10_MAN 1/ 86 88 Refund gold 41 1941 __MAN 7234 76% Eq tr6sJuly'19-Jan'29Serar&J 31%"B" deb g 5s '40 red '10_MAt N1/ 82 84 SW div lot g 334s 1925__J&J 84 84% Manitoba SE let 49 L'29 N&A ---
deb g 58 Nov 1 1940_AA0 82 84 Central Ohle— Winnipeg Term g 45 '39 g Jit 1 Ala & Vick—Con g as 1921 Ads° 92 Reor let con g 430'30:WAS 89% Canadian Pacific—2d consol g 58 1921_ ..A&O 88 Ohio ItivRR—let g 58'36JID, 95% Cone deben 4s perpetual_ _JA.I II 78 82Vieks & Mer 1st g as '21_ A&O 97 Gen gold Ss 1937_ AA(); 91 8% notes Mch 2 1924_MA:62 10031 10034
Albany & Susq—See Del dtlIlud HuntABS let Os 1922J&JI 95 Eq In 4548 1919-1928 _ J&J b 5.95 5.45%Allegheny Valley—See Penn RR Ray Spen&G 1st 6s'20 FAA 95 Aroostook Val 454s 1929_ IrAtA 50
Alla* As West—See Buff R & P Pitts Cl As Tel let Si '22A&0 965( New Brunsw lst g as '34_ F&A 11 90 93Allentewn Terra deg 1919_ _J&J 99 100 Pitts June—let g la '22_ _J&J, 100 Cons deb 45 perpetual_JAJ If 73 75Alton Bridge—See St C 3.4 AStL 2d g Ss July 1 1922__ J&J j 91 Ont&Que deb gu Se perp.JAD If 91 93Ann Arbor let g 46 1995_ __Q-J 58 Bch Riv East Side Is '25_J&D 92 Carb & Shaw—See Illinois CentAroostook Northern—SeeBaoge r & Aroostook Staten Is! Ry 454s 1943_J1D 70 Carolina Cent —See Saab Air L.Aroostook Valley—Sec Canadian Pac. Tol & Cin tily 4s 1959 __J&J 6234 6634 Caro Clinch A Ohl. 5s 1938_ JA D 82Asheville & Spartanburg-8 U & W Va A Pitta 1st 4s g '90 A&O 73 78 Dully Sc 1919-1922____ FAA b 6.23 5.75%Col let m g gu 4s 19113__J&J 71 Bangor As Aroeotook- Carolina A Yadkin River—
Atoll & East'n Br-4o 1928_J&J 80 1st M So g Jan 1 1943____JAa 90 91 let s I as 1952_ JADAtchison Topeka At Santa Fe— Cons refund g 44 1951_ _J&J 52 56 Carthage & Adiron—See N Y CGan wort gold 48 1093...AA 83 83% Medford laxt Is 1937_ __MAN 80 85 Catawiesa cons g Is 1948 __A&O 85 87
Adjustment 4o July 1 '95.Nov 7878 80 Pisoat Div g Se Jan '43__A&0 Ic 783( CRIaFAN—SeeBCR&NStamped MIN 753 78% StJohnsItiviixt gu lis'39_FAA 75 Central Argentine Ry Ltd—
Cony g 4s 1955 opt J&D 75 70A Van Bur Ex lag Jan '43A&0 82 Cony g 6% notes 1927 __FAA 88 99Cony g 4s 1900 JAD 95 Washburn Ext let tis'29_ FAA 70 76 I Cent Ark & thist—See St L 8 WTrans 13 L let g 4s 1053 _J4J 80 81 Aroostook Nor leg 1947 A&O 84 Cent Branch Ry—See Mo PacCal-Ariz ist&ri4 As'02op MIS 85 86% Nor Mains Seaport Zs '36A4tOn 65 75 Central of Georgia—
Series II 11 Battle Cr'h & Slur—See Mich C let M g Is Nov 1 1945__FAA 101E Okla Div let g 4s '23_Mdell 925g 92% Beech Creek—See N YC&H Ely. Cons gold Si 1945____ _MIN 90' 94Hutch & So let g So 1929_J&J 90 Bellingham Bay & British Col— Equip 4%sJuly'19-Jan'25 Jda b 6.1. 5.65%Rocky Mt DIY 4s 19131_JiaJ - --- let g Is Dec 1 1932 JAD 85 90 Chats Div gold Is 1961_ JAD 73' San Fran & San Joaquin Vail- Bell & Caron—See Illinois Cent Macon & Nor g as 1946...J&I 86
1st g (So Oct 1 1940- _AA° 100 Belt RR A Ilk Yds (Ind'ras)- Mid Ga & Atl let Lis 1947_130 87% Santa Fe Prescott & !Immix 1st ref g 4o 1939 MAN Mobile Div g Ss 1946_ _J&J 9 7
lot g (Si 1942 91 Belt Ry of Chat—See Ala Or So Oconee Div let g 5s 1943_J&D 90
Atlanta ilirm de Atlantic—MIS Belvidere Del—See Peansylvania Cent RR & Bkg 5s 1937 MAN 86 89At! & Birm lot g Be 1034_J&J 78 81 Bennington & RutPd--Bee Rutland Chattahoochee&G as '30_J&J 93Income Ss Nov 1 1930 25 45 Big Sandy Ry---See Chest As Ohio Chat R A South g '47_JAJ 92
Atlanta & Chad A L—Sete Southern ity. Bins Belt—Bee St L At San Fr Eatouton Br as g 1921i_J&D 92All Knox & Cis—See Lou & Nashville Birminghtun & SE Si 1961 MIN 75 Ocean SS Co g gtd as '20_J&J 93Atlanta Knoxv & Nor—See Louisv & N ashy firm Term let g Is '57 gu. MIS 70 75 Cent Indiana—See Cl Cin Ch kStLoui
Atlantic & Dan—See South RR Boons' St Louts-A Sou—See Me Pacific CentNewEng—SeeNYNH & HartAtlantic City—See Beading Co Boston & Albany Se Oct '63.J&J 94 Central of New Jersey—Atlantic Coast Line Co ofConn— fis June 1942 .1113 95. Gen M (now 1st) g 5s '87_J&J 102 104
Carts Indebt 13s irredeens JADf 87 90 July 1 1938 J&J 9554 Am D&Imp Co gtd 5s '21.J&J 10031Carts Indebt 4s 1925_ _ J&J Atlantic Coast Line RR-
90 454s July 1237.. ,J&J4s May 1 1933 gu NYC_MAN
8934 86
Leh & WfCoalcong 4s1920, 1925, 1930, 1935.J&D b 531% 4.90%
1st cons 4s July 1 1912 MIS 82% 84 48 May 1 1034 gu N Y C M&N 8534 N Y & L Br gen 49 '41_ MAS 86Col tr g 4s Oct 1 '52 opM&N 77 78% 4s May 1 '35 guN Y C__ MAN 8531 General gold Ss 1941_ MISCony deb 46'39 op '16 M&N 79 82 334s Jan 11951 JAY 70 Central Ohio—See Ball & OhioGen unit Ser A 4Ms'04.J&D 83% 86 Ref 334s 1952 gu NYC__A&O 70 I Central Pacific—See So PacificEq OisJune19-Dec'21 JAD b5.80% 5.30% Bost & Lowell 434s Feb '33_J&J 8534 Cent Verm 1st Is May '20....Q-F 65 83AlaMid— let gugas'23M&N 90% 4s April 1932 A&O 8134 Charleston A Nor—See Caro All WestAtlantic Coast Line of SC—Gen lot g 4o July '48..J&JN E of C 1933__JeJ
83104
354s July 1 1919 JAJ 354ti Jan 1931 JAY Boston & Maine-4%s g '44J&J
973 913
I 80
Charl A W Car let as '46. A&OAug Term lat gug 68'47.AA0
Chateaugay Ry—See Del A 11
95100
100
Brun & West lot 4s '38_ J&JCent of So Car as '2L _J&J
Char & Say gen 7s 1936 J&J 11131 48 Feb 11037 FAA/ 75 Chesapeake & Ohio-Fla So let g gu 4s '45__J&JNor & Car as 1939_ Adt0
80 85100
4s Aug 1 1942 FAA/334e Nov 1 1921 MINI
7387
1st cons g as 1939____31&N General 41s gold 1992__MAS
9777
983178
Pet'b'g—ClaseABs g'20 J&JClass B as g 1926__A&O
99105
101 33.4ta Jan 1023 J&J/ 3s July 1950 J&J
8452 Cony g 4 s 1930 op '15_ FAA Gen fund Inapt 5t3 1929_ J&J
7934 793493
Rich& Peters4%01940_ AM) 873 PortsGtF&Con 434s '37_J&D 73 Cony g tis 1946 _ A&O 8534 86SavFla&W let g as '34 A&O 108 Boa & NYAL—See NYNHAFI Craig Valley lot 5s g '4()_ J&J 80
let M g Bs 1934___ A&O 95% Boston Rev D & L 4%s '27_J&J 92 Potts Creek 4s 1948_ J&J 60Wil & Wel gnu g So '35_J&J 100% 101% Bruns & W—Elee At Comet Line R & A Div let con g4s'89.Jda 74 90Gen mort g 4s 1933 _J&J 85 Buffalo Creek let Is 1941__J&J 2d cons g 4s 1989_____J&J 6834 75
Atlantic & Yadkin—See SouthernAugusta South—See South Ry_
It3". Buffalo Rochester & PittsburghGeneral Bo g 1937 MIS 99 107
Warm Sp Val 1st as g'41MAS9231Coal illy Ry lot 4s gu'45.J&D
_82%
Aug Term—See Chad A W CarAustin & Northw'n—See So PacBall Ches & Allan—See Pa RR
Con g 434. 1957__ ___M&NEquip Os Ser K 1919-'33_ F&AEquip 454s tier E 1922M*Nb
9034 b 5.90
5.905.6575.65,
Eleyator Co g 4s gu '38_ A&OBig Sandy Ry 1st g 48'44.J&DGreenbRy let g gd 40'40MAN
65 7834 7331
Balt & Cumb Val RR 68'29_J&JEx let M Os July1931___Jdrj
9595 Equip g 434s Sow F 1927A&Ob
Equip 40 Ser 0 192g... .AkOb5.90 5.657:5.90 5.65%
Raleigh As S W let 4s '36_JAJWest PocCorplst4 148'45 FAA
70
Al & West 4.4 g guar 1998A&O 76 Chesapeake At Ohio Northern—Clear & M let So g gu '43i &J 86 let NI 5s 1945 guarAAtO 85 90Roch & P lst do 1021__F&A 101 10134 Chesterf'd & Lane let 5s '55F&A 55 75Comol let g (is 1922. _J&J) 101 Chic &Alton lst3%s 1950 __JAJ 36 3634
Buffalo & Southwest—See Erie RR refund g as 1949_ _ _ _A&O 52 55Deb lis 1922 subj to calLJAO 72
b Basis. f This price includes accrued interest. k Last sale. I in London. n Nominal. a Sale price
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
34 GENERAL QUOTATIONS [vol.. 108.NOTICE.-All bond prices arc "and interest" except where marked "f" and income and defaulted bonds.
Bonds Bid.
Chicago Burlington & Quincy-Gen M 4s 1958 M&S 823Deny Ext coil tr 4s 1922_ FA 99%Illinois D1v31.415'400p'29 J&J 75%
4.1 July 1 1940_ J&J 84%Iowa Div at 55 1919____A&O 993%Sinking fund 4s 1919A&O 98A
Nebraska Ext 4s 1927 __MAN 93S W Div a f 48 1921 M&S Repub Vail let Os 1919_C B & Q joint 4e--See Gt Nor
Chicago Sr Eastern IllinoIs-Ref & Imp M 4$ g '55 op_J&J I 24MU S Mtg & Tr ctfs dep 23
lit consol Os gold 1934__A&O f 101Gen consul 1st 5s 1937.._M&Nf 76U S Mtge & Trust ctfs dep f 763'sstamped M & N 1915M & N 1916 andM dr N 1917 hit 603
Guaranty Tr Co ctf dep__. 76PurMist lien coa1153'42opF&A 56Ilq es Mar '19-'22 op___M&S b 7%Cb Az I C Ity-lst as '36 .1.10 13%Dany&G Cr 1st M Os '20MAN 80ET TH&Chic Inc Os '20_ M&N 80
Chic Gt West-lit 4s 1959M&S 61Chic Ham & West 1st 68'27 J&J 99Chic & I C Fly-See Chic Sr E IllChicago Indiana & Southern FlyCon mtge g 4s 1056 guar_J&J 773Ind Ill dr la 1st g 4s 1930_J&J 80%
Chicago Indianap & Louisville Ref M g 6a 1947 Ser A___J&J 103Ref M g 5s 1947 Ser B___J&J 82Ref M g 45 1947 Ser C _J&J 65lit & gen Is 1966_____MAN 81Bq 4ees Mar 15 '19-'21__M&S b 6.50Eq 434sApr. 15'19-'21 A&013 b 6.501leo 4-s Aug'19-Aug F&A b 6.50indianap & Lou lit 4a '56J&J 70Monon Coal gu 55'36 op J&D f 60
Oh I & SU, ShL-See CCC&StLChicago Lake Shore & Eastern-
lit M 4ees 1069 op 1919_15cD n 85Chic Milw & Puget Sound-
let M g 40 1949 guar J&J-Q-J 72Chicago Milwaukee & St Paul-Gen g 4s A May 1 1989_ _J&J 737%Gen & ref 4%s Jan 2014 A.40 717%Cony Si Jan 2014 Ser B FAA 787%Gen g 3%s B May 11089 J&J 66Gen g 434. May '89Ser C J&J 79Deb gold 4s July 1 1934 J&J 70Cony deb 434s '32 op '22 J&D 707%Gold bonds 48 1925 op '22J&D 837%Chic & L Sup Div g 5s '21 J&J 96Ch & Mo Ely 1st Si 1928.J&J Ch & Pac WestDiv5s'21_J&J 967%Dubuque Div 1st es 1920 J&J 99Fargo & So g Os '24_J&J La C Ar D Div 1st 5s 1919 J&J 98Mil & Nor (is ext at 4%'34 JAD 887%Cones' 13ext at4 to'34J&D 767%
WI. & Minn Div g Si '21_J&J 967%Wise Vail Div let Os '20_ _J&J 99.
Ch & No M-See Pere MarqChicago & North Western-Gen M 3%8 g 1987 MAN 71Gen M gold 4s 1987 MAN 81
Btpd non-pay Fed Inc Tax Gen 1.1 5a1987 alpine tax MAN 100Sink fund deb Si 1933__MAN 967%Sinking fund Os 1929___A&O 101
A&O 96Si 1929 80-year deb es 1921__A&O 13 977%Exton bonds 4s 1026F &A 15 917%Equip tr 4ees 1919-1922_A&O b 5.65Boyer Val 1st g 334. '23_J&D 91Des Plaines Val 4ees '47_514r8 80Frem Elk & Mo V Os '33 A&O 108Ia Minn & N W lat3ees'35J&J 76ManitowGB&NW3348'41J&J 60Mashf ext 1st M 5s '22. _A&O 1111Lak Sh &W es 1921M&N 101%
Mich Div tat g (Is 1924 J&J 104Ashland Divlat g(38'25M&S 1043Ext & lines f g es '29_ F&A 987%
Mlielparta&NW lat4s '47M&S 78Mil&StateLine Ist3ees'41J&J Minn & Ia 1st g 3ees 24 J&D 89Peoria & N W 33.4s 1926 M&S 877%Prin & Northw 33.4. 1926 J&J 873/sSt L Peo & N W 511, 1948_J&J 91St Paul EastGrTr44e8 '47 J&J 80Sioux City & Pac33.4s'36F&A 767%
Chicago Peoria & St. Louie-Prior lieu g 4%a l930 _M&S 35
Chic Rock Isl & Pac Railway-General gold 4s 1988._ J&J 76Ref g 40 1934 op to 1911_A&O 7434Eq Se Ser le 1919-1023 __J&J b 6.50Eq 4 Ari Apr '19 -Oct'19_A&O b 6.50Eq 4345 May '19-'25___MAN b 6.50Eq 4eesJu1y'19-July '27_J&J b 6.50Burl Cedar Rapids & North-Con list&col tr fis g'34 A&O 94'%
Cedar Rap Ia Falls & NW-ell Bs gold guar 1921_ _A&O 977%
M&StL let gu g Ts '27 J&D 90Choctaw Oklahoma & Gulf-Gen M g Si Oct 1 1919 J&J 957%Consol gold Ss 1952_ _M&N
Choc & Memph Si 1949 ..J&J 85Peoria RyTer 48'37 gu op J&J R I Ar & La 434s 1934MAS 71Rock Isl & Peoria (3s '28. J&J St P & K C Sh L 47%s'41F&A 697%Keo & Des M-lat 58'23A4r0
Chic St L & N 0-See Ill CentChic St L Ax Pitts-See Penn Co
65
Ask.
82%11017986
93%
2810281
74%79
615
61%
8484%
856%6V16%90
65
78
7571%796983%7376%8498%10097%,
10499
90%98%
81%80%100%100
999312
5.25%
105
8434
98
45
77756
g?98
98%
9292
73
70%68
Bonds
Chic St Paul Minn A Omaha-Con Os June 1 1930 JADCon es red to 37%. 1930 J&DDeb gold 5s Mar 1 1930 ALIAStamped
North Wisconsin-Os '30.J&JSt PASO lst g es 1919 _AA°Super Sh L 5s June 1930 M&S
Chicago Terminal Transfer-Chic & Gt W Ga g 1936__J&D
Chic Terre Haute A Southeast-1st & ref g 3s Dec 1 '600pJ&D.Sou Indiana lit g 48 '51_FAA
Chicago Union Station-1st g 47%. 1963 J&J
Chicago it Western Indiana-Gen gold Os Dec 1 1932_Q-MConsol g guar 4s 1932 _ _6% notes '18 ext to '19_M&S
Chic & West Mich-See Pere I(Choc Olc & Gulf-See C R I & PCln Day A Iron gu 5s '41_ M&NChi Find & Ft W-See Cln HADChichi Hamilton & Dayton-General 5s gold 1942_ _J&D2d mtge gold 4ees 1937_ -MOClu Find&FtW 4s 1923.M&NDayton & Mich lit 51 1911Ext at 47%% to'31op'17J&J
C I St L A C-See CCC St-Cm Indianapolis & Western-
let m g 5e Nov 1 1965 __MANCin Lob & Nor-See PenusylvanCinc & Musk Val 4s 1948_ FAAClucin N 0 & Texas Pacific-Eq 4%s May 15'19-21 MAN15
Cincla North 1st g 4419411_J&JCht Rich dr F W-71 g '21_J&DClu San & Clev-See CCC& StLClearfield & Jeff-See Pa & N WClear( A Mahon-Sea BRAPCleveland Akron & Columbus-
General gold as 1927_ _M&S1st cons guar g 49 1940__F&A
Unguaranteed Cleve Cincin Chic & St Louis-General 48 gold 1993____JADGen M 3s Ser B 1993 _J&JDeb gold 47%ii 1931 J&JEq tr 5s 1919-1929 J&JCairo Div 1st g 48 1939 J&JC W & M Div let 4s ge91..J&JStLDly 1st col tr g4te90_ MA NSpr&ColDtv ha 1st g'40_ M&SWhite WV Div let 48'40...LAJCent Ind Fly gu 4a 1933_ MANChic Ind & St L Sh Line Ry-
1st gold guar 45 1953A&0018 L&Clet43 g Aug'36.Q-FCons f Os '20 dr QI05.M&N
CinSan&Cley con g 59'28. J&JClay Comm Cin & IndianapGen con gold es 1034 _J&J
Id Blm & W ext 45 1940A &OInd & St L 1st 7s 1919 A _J&J
1st 7sJuly 1919 Ser B_MAS1st 7s July 1919 SerC_MAN
0 Ind A W g 5a Apr 1938-Q4Peo & East cons 4s '40__A&O2d cons Inc 4s 1990__Apr 1Empire Trust ctfe dep_
Cleveland Lorain & Wheeling-Cons now let g 8s 1933_ _A&OStamped aubject to call_
Con refg g 47%5 1930 rod_ J&JCloy& Mahon Val-See lerieRRCloy & Marietta-See Peon RRCleveland & Pitts-See Penn CoCleve Short Line-See L S As MSCleveland Terminal & Valley
lst 4s gold guar 1998.__MANCoal & Coke Fly 5s 1919__A&OCoal & Iron Fly-See Weston:1MColo Midland-let 4s g '47_fle.1Cent Tr Co aft of dep
Colo & Sou 1st g 4s 1929___ FAARef Mg 454s May 1 '38.44&NFt Worth & DC 6s '21_ _JAD
Colo Son N 0 & Pac-See St LAColo Spr & Cripple Crk D
gold s f 5e 1930 _ J&Jlit cons 5a Oct 1942 A&O
Col Convect&Tor -See NorfAWCol Hock Val&T-See Hock ValConcord & Mont cons 4s'20JADDeb 48 June 1 1920 JAGDeb 37%s June 1 1920_ _J&D
Conn & Paea-lst g 43 '43A k0Newp&Richf let5s'41 gu_J&J
Connitiver-Gold 4a 1943_M&S334ii Jan 1921 J&J334s Jan 1 1923 J&J
Connellay & Monongahela Fly-1st a f g 48 1930 opt____M&S
Cuba RR-lst g es 1932_JA.1Imp & equip Bs 19S0 ..MAN
Cum A Penn-1st g 5s '21_ MANCurrent Ely-See K C Ft S & MDallas & Waco--See Mo K A TDaws Fly & C'I-See El Paso ADayton A Mich -See Cin H A DDel. & Bonnd Br. 8ees '55_.1e&ADelaware A Hudson-Cony es 1935 A&O1st lien equip g 47%s '22__J&Jlet & ref gold 4s 1943MAN5% notes 1920 FAAAdirond lit 47%s '42 prit_ INASAlbany & Suiaq 3341 gold 1948(cony before 1916) gu_A&O
Bid. Ask. Bonds Bid. Ask.
77
101%
95%100
727680545457
38
71%56
t Louis
-----
7889
04%
97
87
97
8795
thwest
90
90
101 3-41007053%4948%50
5.55%5.55%5.5549477%
-55%
95%
10198
-----
79
62
72
1617
97%
98%
107%8188%
101
91%
90
53
87%
103%62%
8374% 20
81
n75ha RR
80
b6.5065100
93% 8079
678079b5.9571%677674% 68% 60
8299A92%
10772%
8542%
f 12%
95%9388
7097%
aryland
8777%99
SF
4525
95%94927691769490
85
7675
Southw
a 75
91%96
98%80
75%
112
95
100
6860
83%
104%62%
81
6%
71%8679%
5.50%80
77
66
65901007%993,6
56 11734
-
93
7598%
_
8878100%
6040
97%
87
82
estern
9597
85%99
80
Delaware& Hudson (Coned)-Sluff Point Land Impt Co-
1st M g pier 4a 1940__J&JChateaugay Ore A Iron-Gear gold 44 1942._ __JAJ
Rens & Bar rig let 7s '21M1NUtica Olin & Bing es '89_J&J
Delaware Lack A Western.-Morris dr Essex 33483000 JAI)
N Y Lack & Western-1st es g'd Jan 1 1921__J&J2d Si g'd cons 1933_ __ FA ATerm & Imp 41 gd '23 MAN
lit Is '10 ext at 4% 1950...LicLuanne an 2862 Adr0
PS Paso & Rock hid-See El Pa'PaSO & Southwestern Co-New Mexico Ry A Coal Co-
lin col Sr g As Oct 147 A&OlatAcou&coll It g 58'51AAcoDawson R & Coal Si '51J& Rinse& RI lit g gues'31J&J
Erie--NY&E lst4sextg'47 MAN 5a 2d ext gold 1919
4445 3d ext gold 1923 MA -Se 4th ext gold 1920_ _A&O48 5th ext geld 1928 J&D7a lit cons g 1920 MAS
7s let cons g tuud 1920 _M&SPrior lien gold is 1996___J&;Gen lien gold le 1998_ __J&JCony gold Is 1933 Ser A _ A&O
Series B 1933 A&OSettee 1)1953 AA,
Eq g 4 Aug '19 -Aug '21 tedc ABq g S3July 1919-1923_ _ AA.;Eq 4 %sSor BAug '19-241e& A38 notes Apr 1919 A&O Penn coil g 4s Feb 1 '51_ FAA Buffalo & Southwestern-
lst g ext to 1921 J&J 2d g Os '08 ext to 1928.J&J
Jeff Rit5a gu'00ext to 19A&()Chic & Atl Term 5s 1918ext to July 1928 J&J
Cli & Fere) 5a 1st g 1982_ MANCleve & Mali Val g 5s '38 J•icjErie & Jersey 8 f Os 1933 _J&JGenesee River 61 1957_ J&J Long Dock &con g 1935 A&ONewb & N Y 1st 38 1920_J& NJANY 1st es 1910-
lext at 3%, to 1980_ MAN NY&Or Lake gu g 111'46 MAN NYLBAWCARR-
let es curt* guar 1922_M&N N Y •PsW D & I let es
Extended at 5% to '43 JAI N Y Pa A 0 p 1 43.0 '83 Macre N Y Susq & Western-
lit refunding fa 1937__J&J2d mtge 434s 1937__F&A Gen mtge 3s g 1910__FAA Term 1st g es 1948. MANMidland of N J let 6e_1910ext at 3% to 1940__A&O
Wilkes I J lit pr 56'42 J&D Erie & Jorsey-See Erie RRErie A Plush-See Penn RR-Buropean & N A-See MaineEvans Head & Nash-See LouieEvansville & Indianapolis-Censol g guar es 126_Ey 41 In let g ge ee 1924..J.e.1
Evansville & Terre Haute-1st cons gold 1021___J&Jlet gen Is gold 042_ _A&ORefund M es Judy 1941__J&J eit Vernon 1st 6s a 1923.A&0 Sul Co Br let g Si 1930_ _ M()
ETHAChic-lFeeOhic&EthFargo & Be- See Chic M &PFitchburg-Ss Jan 1 1934 _J&J4)4e ref 1938._ _____MAN43-es Jan 1933 _____ J&J41 refunding 1925-MAN4s refunding Mar 1927__M&S
60
60103% 90
71%
1019891%19570
71%737950%505282
4070%5286%,
nn A 8NW
9696
67%
7594%999995%
94
81
91
8593
o & Sou
80-
90
8134973400%90% 8110098%675347%46%49%
66.05%b6.05%66.05%
08
9492%85%99%
10390
8634
90
8775
76
92%
CentralA Nash
f 1313
95f 65%
83% 84% 808683%
b Basis. f1lius price includes accrued interest. k Last SAW. i in L01111011. n Noinina'. s Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.] RAILROAD BONDSNOTICE.—All bond prices are "and Interest" except where marked "f" and income and defaulted bon
ds.35
Bonds. Bid. Ask. Bonds. Bid. Ask.
Fitchburg—(Concluded) Indianapolis Un 4%9 '20__M&N 85 90
Ls refunding 1927 A&O833(1 Gen & ref g Ss 1905 Ser A_J&J 85
Ls Jan 1928 J&J 81% Interboro-Met Wee Street dr El83s Oct 1 1920 A&O 93%1 Enter Rap Trani Ry Securities34s Oct 1 1021 A&O 91 International & Gt Northern—Troy & Boston-78 1924_J&J 104 let g 69 1919 M&N 96 96'%
Flint lc PereMarq—SeePereMar 5% notes Aug. 1 1914F&A 40 50
Fla Cen et Pen--See Seab Air L Col Ely Bridge 75 '20_ _M&N Florida East Coast 4%s '59 J&D 81% 85 Internet Rye (Central America)Florida South—See Atl Coast L lit M 58 1972 opt___M&N If 73 78
Florida West Shore Si 1034.. J&J 72 Iowa Central—See Mine & St LFonda Johnstown & Gloversv— Ia Minn N W—See C & N W
let cons ref'g g 434s 1947_J&J 70 Jackson,* Ter lit Si gu '39_J&J 85Gen ref'g gold 4s 1950._ .J&J 57 61 Jamestown Frank & Clearfield-lit con ref 4%s '32 opt_M&N 54 59 1st g ls 1959 guar J&D 82 90
Fort Dodge Des Moines Sr Son— Jefferson—See Erielit as 1938 J& D 82 86 Joplin Union Station—
FtSmith&West 1st g 48'54_ Adr0 15 litg 4%i 1940 guar op_ NUN 79 87
Fort St Una:4)1)ot 43is '41 J&J 75 Kal Al & G R—See L E3 & M 8Ft Worth Ar Den C—See Col re S Kanaw & Mich—See Tol & 00Ft Worth & Rio Or 4s 1928.J&J 50% Kankakee & S W—See Ill CentFre Elk & Mo Riv—See C &NW Kansas City Clinton & Sp—Gelv liar & San An—See So Poe lit Si gold 1925 guar___A&O 85
Galv Houston & Henderson- Kau City Ft Scott & Memphis—1st M 50, 1933 A&O 70 80 Refdg g 41) 1936 guar_ __Ak0 73% 74%
Geneiee River—See Erie RR Cons Si 1928 M&N 102% 103%
Gen & Wyo let g 58 1929_A&0 75 85 Current Riy lit Si 1927_A&O 85 95
Geer & Alabama—See Saab A L K C Men dr Bit 48 1934_ M&S 71
Georgia Car dc N—See Saab A I Income Si Mar 1934 Sept 1 f 65 70
Georgia Coast & Piedmont—let gold tis 1962 A&O
Assented M&S Kan City & Men Ry & B—
70 74
Gs & Fla 1st g 58 1936____M&N 15 20 lot Si gold 1929 Adr0 71%
Geer Midland—See South'n Ry Kane & Mo—lit Si '22__F&A 89Georgia Pacific—See South'nRy Kansas City Mexico & Orient-Gee 1111 & Bank'g Si 1922._ Jac.' 98 1st gold 48 1931 (undep.)F&A
Si Jan 1 1922 J&JLs Jan 1 1947 J&J
9580 6% notes Apr 30 1918_ A&O Kan City & Pac—See M K & T
f 15 25
Gs Sou & Fla let g Si 1945 J&J 95 Kan City St Jos dr Council Bi—Gettysburg & Har is gu 'HA& 0 95 07 Nodaway Val lit 7811920 J&D 100
Gila Val Globe & Nor—See Sou Pacific Tarkio Val 1st 7s 1920J&D 100
Gr Rap Bel & Sag—SeePereMar Kan City Southern—Grand Rap & Ind—See PennRR lit gold 3s 1930 A&O 62% 65
Grand Trunk West 4e £ '50_./&.1 75 Ref & imp't Si Apr 1 '50_J&J 84% 87
lit g gu 45 $ July 1 19110_J&J 60 Kansas City Terminal Ry—Great Northern— lit g 48 1980 op 1930____J&J 77% 78%
B & Q coil It g 4e 1921_J&J 95% 95% 4%s notes 1921___ _____ JkJ 96y3 97
lit dr ref g 4 Wo 1061 op'41J&J 85 80 5% notes Nov 15 '23_M&N 15 100 1003(5% notes 1920 M&S 98% 99 K C Viaduct & Term Ry lit s f
Great Northern Ry of Canada— 4%s Sept '34 op '30 rcts_J&J 15 24
Con 4s 1934 opt to 1914_A&O If 72 77 Kentucky Central—See L & NGreen Bay & West deb ctfs A__ 65 Keokuk & Dee M—See C R I &Deb ars B Knoxv & Ohio—See South'n Ry
Greenbrier Ry—See Chesapeake & Ohio Lake Erie dr Western—Greenwich & Johnsonville- lit gold Si Jan 1 1937___J&J 86 89%
1st old 40 1924 J&J 88 2d g Si July 1 1941 Jct.! 85
Gulf & Ship Island RR- No Ohio lit gu Si g '43_Adr0 85
1st ref & term g 5sFeb'52.J&J 79% 82 Lake Sh & Mich So—See N Y C & H R
Gulf Terminal of Mobile— Leavenwith Term Ry & Bridgelet mtge g 48 1937 gu___J&I 67 let M gold Si 1923 J&J 65
Hartford & Conn Western— Lehigh & Hudson River RR—lit ext g 4%9 July 1 1923.J&J 92 Gen g ler July 1 1920 guar J&J 98% 100
Henderson Br—See Lou et Nash Unguaranteed 98% 100
Reeking Valley Ry— Lehigh dr Lake Erie—See Lehigh Volleylit cons gold 4%9 1999J&J 78 80 Lehigh dr Now England—6% notes 1918 ext to Feb let M g 5s 1945 J&J 99 102
1919 M&N Lehigh Valley-Eq Is 1919-1923 _____ __FdrA b 583 5.45% 1st Si ext g 48 1948 J&D 87 90Cel & H V Ext 4s 1948Anr0 75 Con M 5s enn rag irred_J&D 118Col & Tol 1st g 4s 1955_F&A 74% Con M Ss R gold 1923J&D 102 103
Holidaysb Bed & Comb—See P a RR Con M 4%1 C 1923 J&D 96%Hoiseac Tunnel & Wilmington— Con M 4s ann irred_J&D 94 97litM g Se Sept 1922_ __M&S 80 Gen cons gold 48 2003SI&N 80% 81
Housatonic—See NYNH & H Gen con g 4 tie 2003_ _ __Ii&N 86 Vs 92Houston Belt & Term 58'37 J&J 83 89 Col It g 48 Aug'19-Feb'28Pdr A 5A%Herndon E & W Tex—See Son P acific Coll tr g Os 1928 tern rcts M&S 101% 10131doustou & Tex Cen—See Sou PHudson & Manhattan—
&cite, Easton & Amb Si 1920__M&NLehigh & Lake Erie—
99 100
lit g Si 1057 opt Fdrli 58 58% lit 4%s 1957 gu M&S 85Adj in cup to 8%Feb 57 A&Of 16% 16% Lehigh Jr N Y lit 4s '45_Mdr8 79lit M 43s 1957 cony.. _J&A 60 70 Lehigh Valley Coal-N Y & Jer lit g Si '32optP&A
Hantingdon & Broad Top—lit g 48 Sept 30 1920____A&O
90
is 80
100
85
1st Si gold guar 1933__J&Jlit 40-year gu int red to4% 1933 J&J
99%
79
102
2d mtge 4s gold 1925____F&ACons Si g Mar 31 1925__A&O
Heutington & Big Sandy—See
is 60n 33Balt &
7062
Ohio
Lehigh Valley Ry of N Y—lst 4%)) gold 1940 J&J
Leh Val Term Si 1941__A&O87100
92102%
Mitchinson dr S—See AT&SFIllinois Central—ist g 4s'51.J&J
let gold 3tis 195E J&JMain L ext 1st g 3%8'51_ A&O
9173%73%
90
Middlesex Val lot Si '42 Mar NPa&NYCanal con Si '30 A&OCon M 4As 1939..___A&OCons M 4s 1939 Arta)
92979088
100
911st 121 30 1951 M&S Lehigh & Wilkes—See Cent N J1st ai £ 418 1951 A&O If Lox d.: East—See Louts,* & NasTr bds 3%s 1950 _____J&J if- • _ Litchfield & Mad lit Si'34M&N 70Coll trust gold 4s 1952_ Atit0 76 80 Little Miami--Col Tr L NO & T g 48153M&NPer lines 1st g 3%s 1952_J&J
7570%
7773%
Gen g guar Is 1962 M&NLittle Rk & Hot Sp West Ry—
75%
Ref g 4s 1955 opt 1918_M&NItlitref M(IC&CEIL&NO
58 1903 Ser A J&DEquip tr 4%s Aug'19-'23 FdrA
82%
93%b 5.75
83%
94 %5.30%
lot g 4.3 1939 guar J&JLong Island-Unified g 4s '49M&SRefund g gu Li 1949____M&5Tax-exempt N Y____
6575%75%
7079823(
_
Eq trust 4%s July'19-128..leaEquip Si Aug '19-'24
b 5.75b 3.75
5.30%5.30%
lit cons g Si July 1 1931_Q-Jlit cons g 45 July 1 1931_Q-J
9486%
Cairo Bridge 48 g 1980__J&DLiteh Div lit g 3s 1951__J&JLouis,' Div 3%s g 11/53__J&JMiddle Div reg Si 1921__F&AOmaha Div lot 3s g 1951 F&A
7960% 07% 9759%
Gen mort g to 1938 J&DFerry lit 4.%s con g 1922M&84s gold 1932 lad)
Debenture gold Si 1934_J&DDeb gold Si 1937 UJoN
768.5A707776%
8198 I 180A77
at Louis Div 3%o g 1951_J&J 70% 76 Montauk Ext fis 1945___J&J 80St Louis Div 3s g 1951___J&J 65 69% Brook & Mon 24 Ss 1938 J&D 85Sp'gfield Div Ext 348'51 J&J 65 81% L I C'y Jo F con Si 1937 M&N 85Weetern lines g Li 1951__ F& A 76 N Y Bay Ex It lit Si g'43J&J 85Chicago St Louis & N 0—Con g as June 15 '51.1*D15Con g 3%erne1511.J&DI5
05%65%,
100N Y is Man Beach litgold Si 1935A&O
NY&RB1stglis 1927MkS 94
98Eq flan 1920-Dee 1924 J&DMen Div let 4s g 1951 J&D
Kankakee & 8 W Si '21_F&A
05.80%71%
North Shore Branch—lot con 5s g Oct 1 1932 Q-J
Louisiana & Arkansas Ry—90
St Louis Alton & Ter Haute— lot s f g Si 1027 M&S 87% 93%Bellev&Car 1st Si '23_1&D Louisiana Western—See South ern PacSt L South let g Li '31M&S bouley Cin & Ifix—See Loulsv& NaohyCerbetShaw 1st g 01'32MM 72% Louisville Henderson & St I,-
End III & Wn—See C CC & St L 1st inert gold Si 1941____J&J 95 98Indiana Ill dr Ia—See Chic Tnd & Sou Louisville & Jeffersonv Bridge—hid & LOWRY—See Ch Ind & L Guaranteed gold 4s 1945_ M&S 68 % Ind St L—See C C C & flt L—
gold 4s 1952 J&JL&N Term 1st g 48'52 gn J&DNes F & S lit ru g 5s '37_ F&ANewport & Cincin Bridge—
lit M g 4%s 1945 guar_J&JPerna Atl lat flo gu '21 Far AS Jo N Ala Con M g Se '30 F,Sr AGen con gel g 58 1963 A&O
Macon Dub & Say Si 1947 J&JMacon Terminal Si 1965.. J&JMahoning Cool—See L 8 & MMaine Central-Coll It Si '93J&D
lit & ref 43-4i 1935 _J&DEur dr N A Is gold l933. J&JHereford Ry—G Is '30_ M&NKnox& LincPenSL43'20 F&AUpper Coos lit gu 4s '30 PA&NUpperCoosEx4%s g '30 M&NWashington Co Ry lit g gu3%s Jan 1954 op 1924_ J&J
Manila RR—See Foreign Gov'tManitoba & S E—See CauodiaeMani Houghton& Ont 6s ' 25 A&OMd Del & V* tis 1955 gu___P&AMeryl & Pa lit g 4s 1951__M&5Income 4s 1951 A&O
Mason City & Ft Dodge—lit M gold 4s 1953 J&D
Memphis Union Station Co—lin g gu 53 Nov 1 '59.. _M&N
Merchants' Br—See Term RRMeridian Term 4-8 '53 guar M&NMexican International—
Prior lien g 4%9 1947.. .._M&Slit con gold 4s 1977_ _M&SStamped guar op to Mar '07
Mexican North let Is 1930_J&DMich Cent—See N VC& HEMiddlesex Valley—See Leh ValMidland of N J—See ErieMidland Term Si 1925 ....J&DMidland Valley-5s 1943.... A&OAdj M Apr 1 '53 Ser A_Sept
Series B Milieu dr Southw—as 1935A&0&VIM& West—See Chic & N WMilw & No—See Chic Mil 4rStPMilw & Sparta &N W—See ChicMinernic—See M St P & S 8 &IMinn & St L-1st 7s 1927 J&D
Pacific Ext lot Ele 1921__A4O1st consol gold as 1934 _ _ M& Nlet ref'g gold ts 1949_ M&SRef&ext 5iFeb'82 Set A _Q-FDes MolleFtD lit Is, '35_J&JIowa Cent lit g Sue 1938..14D
lit dr ref g to ISSL_MJoS _Minn St P & Sault Ste Marie
1st cons gold 43 1938____J&Jlit cons gold Ss 1938_ _J&J2d M gold Is guar 1949_ _J&JEqg notes 43-is Dec '19-'22J&DM 8 Ste M & All lit 48'28 J&JMinn & Pac lit Is 1938_ _J&JMat P&SSM&CentTerra Ry —lotChiTer ef41'4 lop'16 Mar N
Minneapolis Term—See Win CeMinneapolis Uelou—See St P MMississippi Cent g Si 1949_J&JMiss River dr Bonne Terre—
lit k ref 51 Jan 1923____7&Alit & ref Si July 1026____F&Alet & ref 5s Jan 11183---F&AGen M Is Mar 1975_ __ M&S
Mo Pac—Cons Si 1920___M&N1
10897843,j,95%
b 5.7578%95%
9210298789910055%100100%101%7992%85%
686797
85101%9691%7585
0787%8080957578
60p. 49Northe92
5512
49
94
67
2025
40
8378
f 28f 15
& N W
101%97%78%45%404576%43A
86%9865
b 5.9090%
' 88at& M
94
1 64%3030
I 28%1 41
2023%
b 7%
50f 60
58
f 707051
30I 3031
92%89%
60%98%
112%10585%1005.30%79
95%107%
84
57
113831019631
80
99
102106102%8089
rn.100
6120
99
40
8885
65
10183%46505582%45
87%
755.45%9590
90
90
05%31%37%3243N,47A32%32
37%6%30
62
757259
6545
• 30%
95908760%99%
b Basis. f This price includes accrued interest. I Last sale. / In London. n Nominal. s Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
36 GENERAL QUOTATIONS [VOL. 108.NOTICE.-All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Bonds. Bid. Ask. Bonds. Bid. Ask.r Issourl Pacific-(Concluded)Eq tie May '19-Nov '21.M&NGold 4s Marl 1945 opt _ _ M&S ad 7s ext. to July 1938 at4% M&N
)oonv StLdcblou 56'51 op F&A Cent Br UnPaclst g48'48J&DPee of Pilo let ex g 4s '38._F&A
2d ext 5s gold 1938____J&JSt L It E 1st Ifs 1038.. M&NCar'deletBrlst4Ms'38 A&O
fit Louis Iron Mtn & Seu-Unify & Ref'g g 4s '29_J&JGen con ry & 1 g 3s '31 A&OGen Con stpd gu gas'31Ak0 Eq Is May'19-Nov'21M4INRiv & Gulf Div 40 '33 M&NPine Bluff & W /Is '23_A&C)Void Val I&W Ist58'26Aik9
Mobile & Birna-See Southern Rktobile & 0-let g (is 1927_J&D1st exten (is July 1927___Q-JOen g 4 1938 M&SEq fie 1919 VarEq 150 May'l 9-Nov '23_M&NEq 4%s Mar '19-Sep '22M418Montgem Div g 58 1947.. F&ASt Louis Div 55 1927 __-J&DSt L & C 48 guar 1931___J&J
Hoh'IckMalone--See N Y CifellYlonongahela Sou Bs 1955 A&Oktont Cent-See St P M & MIf organ's La & Tex-See So PacAorris & Essex-See D L k WIdutnal Term of Bat 4s 1924J&J4/m111'011e Chattanooga & S L-let consol gold 150 1928 ._A&OCentreville Big 8s 1923__J&JJasper Br 1st fis 1923.____J&J
gash Flor & Sheff-See L & Ngattonal Rys of Mexico-Fr Hen g 43.4s 8 f 1957____J&JJan. 1914 coupon on
Gen M 4s 1977 A&O April 1914 coupon on
5% X Laotian June 1915.....J&DTrst RR ef Mex p 1 g 4As'26J&J
January 1914 coupon on..let cons g 45 1951 A&O
April 1914 coupon on April 1914 coupon off
gebraska-See C B & Qgew Eng RR-See NYNHkHlew Hay & No-See NYNH&H'1 J Junction-See N Y Central!Tow Jer k New York-See Briek.Tew Lou Nor let 45 '40____J*J+low Mex Ry&C'I-See El Pasogew Or! Gt Nor 1s115319511F&Agew Orleans & North B es 1915Extended at 5% 1940__M&N
!«ewOrleansTerm 1st 48113_J&Jgew Orleans Texas & Mexico-let g es Oct 1928 Ser A__J&DNon-cure Inc 58 Oct '33 Ser A..1
gewport & MI Bdge-See Louisgewp & Rich-See Conn & Passg Y B & M Bch-See Long Is!g Y Bay Ext RR-See Long Ielt/ew York Central R. It.-Cony. deb. Os 1935 ____M&NCon M 4s 1998, Ser A__F&A
ReIV York Cent & Hud River-Ref'g g 3%ii July 1 1097_ _J&JDeb g 4e1034tax-examptM&NDeb 4s 1942 tax-exempt_J&JRef & imp 43s 2013 op A&O5% notes 1919 NYC Lines eq 55'19-'22 M&NNYC Lines eq 43ii '19-'25J&Jib5.90%NYC Lines eq 43e'19-'27J&JINYCL1neseq4%8'19-'28-1&JBoo & Alb eq 4%0'19-'27 A&OL S Col tr g 314e 1998......F&AM C col tr g 3s 1998....F&Aiteech Cr-let 4s g gu '38 J&J2d guar g fie 1936 J&JClf Bit C Co let g 4s '40J&J
Beech Creek Ext 3%e'51_A&O Cart & Adir 1st 4s g '81__J&DMay & Oew 1st 5s g '42J&DLake Shore & Mich South-Con g ref 33s 1997__J&DDeb g 4s 1928 M&SGold 4s 1031 M&NCleveShortLine4W61A&OK A & Gr R 1st 58 '38__J&JKal&W Pig'n g Be '40_ _J&J
Mahon C RR let 5s '34__J&JMerchants' Dfsp Trans Co-Eq trust 4%s 1919-26.. .J&J
Michigan Central-5s cou '31 D&BC div_M&SDeb g 4s 1929 A&C)Equip se Apr '19-'31 A&O1st 68 Kat& SR 1939_M&N 1st mtge M Air L 4s '40 J&Jlet g 4sJol&NInd'57 J&J10 let g 3%s JL&Sag '51 M&Slet g 33s 1952 M&NBayC&BC1stM g38'89J&D Bat C&S 1st gu g38'89 J&DDet It nin 438'61gu M&NGrand Riv Val 4e '59_ M&S To! Can Sou & D 48 '58_ J&J
b 7%
I6380% 869080
80M96%
b8.80%74%8988%
y1039/i 95'70
b 6.15b 6.15b 6.15
858477
85
97
100100100%
30% 29%
3030
2121
75& Sout51
66%
96%55
vine &
99375
7138477%84993'
b5.90%
b5.90°/b5.90b5.90%62M60813 87%
75% 90%
72893(8887%91% 9995
nb 7.50
95% 83
b 5.90
81
703 70 yi, 54813-i
n 75
6%
82%
84%
97
8198
6%7594
805.70%5.705.70%
8785
1041043i,
38
40
hwest55
9768
9758
Nashv
99%76
7285
84399%
5.401705.40%5.40%5.40%5.40%69
75%89%883'94%
7%
8335.45%
___83%
N Y Cent & Hud 11.1 Y -(Cond)Mob ar Mal 48 1991____M&S
Consol g 3s 2002_M&S N I June 1st 4s gu '88___F&ANY&Har 1st g 3%s2000M&N
N Y & Nor 1st g 5s '27...A&0N Y & Put 1st 4s g 1993_A&OPine Creek gu 6s 1932__J&D
Pitts & L Erie 6s 1928_ J&J159 Jan 1 1928 A&O
Pitts McK & Y 1st Os '32 J&J2d Gs guar 1934 J&J
RW&O con 5s July '22.. ..A&ORW&O cons g 3%s '22_A&O
Utica & B Riv 4s g 1922_J&JWest Trans Co 3%s '23_F&AWest Shore let 4s 2881___J&J
N Y C & StL let g 48137__Adz0Deb 4s May 1 1931_ M&N
N Y Connecting RR-1st M 4%s 1953 F&A
N Y & Gr'wood Lake-See ErieN Y & Harlens-See N Y C &N Y & Jersey-See Hud k ManN V Lack & West-See Del LacNY L E & W C RR-See Erie.NY & L Br-See Cent of NJ.N Y New Haven & Hartford-Deb 88Jan lb '43 cony J&J 15Deb 4s July1'55 non-cony J&J
Deb 4$ 1956 non-cony.. M&NDeb 4s 1947 non-conv_M&SDeb 4a Apr 1 1922 A&O Deb 3%s Mck 1947 M&5
Deb 3s 1954 non-cony A&ODeb 33s 1958 conv____J&J
Bos&NYAL 1st 4s g'55_F&A Cent New Eng 4s 1061. _J&JDutchess Co 4%s '40...I&D
Harl Riv & Portch 4s'54 M&NHousatonic con Si 1937_M&N
Naugatuck 1st 4s '54__M&N New Eng cons 4s '43 gu _J&J
Consol g Bs July 1 '45__J&JNY&NEllosTer4s '39 A&O
N Hay k North 4s '136 guJ&D N Y Prow & floe 4s '42__A&0
N Y Westchester k I3os Ry-1st M g 4%. 1941 gu__Jfk3
Prov Sec deb 4s 1937 gu liel&N Prov Ter 1st g 4s gu '58_ MdcS
N Y & Nor-See N Y CentralNew York Ontario & Western-
Ref 1st g 40 June 1992.. _M&SGen M g 4s 1955 red____J&DEq 4e Mar '19-Mch'28 hilkil
NYPhila&Nor-lst g 4e'39 J&JIncome 46 Jan 1 1939_ __M&N
N Y Prov & Bost-See N Y NN Y & Putnam-See N Y CentN Y di Rockaway Beach-See LeN Y Susq di W-See ErieN Y Westc & Bos-See N Y NNodaway Val-See KCSUALCBNon f & Caro-See MI Coast LNorfolk Southern-
1st & ref g Bs '81 op '15.... F&ANorf di Sou 1st 5s 1941__M&N
1st gen g 15s 1934 opt__J&JRal & Cape F 1st 5s '43 MATORai & Southp con 5s '85_J&DSuffolk & Car con /58 '52_ _Jard
Norfolk Ter 1st gu 45 '61__M&NNorf & Weet gen Os 1931__M&NImp & exten 68 1934____FkANew River 1st es 1032__Ak0N&WRy lot cons 4s '98_A&ODiv let lien di gen g 4s July 1
1044 opt Jan 1 1929___J&JConv g 4s1032 op 1917_J&D Cony deb 4%s 1938 ____M&S
ColCon&Ter 1st 5s g '22_J&J SctotoVal&NE ist4s'89 M&N
North & South Caro-See CaroNortheast Penn 15s 1920 __Adc0N'east of SC-SeeAt1C L of S CNorthern Cal fly-See So PacNorthern Central-Con gen M 43s E 1025_A&OMort bds tie 1928 Ser A_ AgaMort bonds as 1928 Ser B J&J
Northern Ohio-See L E & West Northern Pacific-
Prior lien g 4s Jan 1097___Q-JGen lien g as Jan 2047___Q-FRef & Imp 4%s 2047SerA.J&JSt P & D Div g 4s 1998__J&DWash Cent 4s Mch 1948_Q-MC B & Q Coll 4s-See Git Nor
St Paul & Dul lot 5s '31_F&Alot consol g 4s 1988.. _J&DDul Union Dep 5s '30_A&0
St Paul & N Pac es g '23 F&AReg cents Gs 1923 Q-F
No Pac Ter Co-let (Is '33_J&JNorth Ry of Cal-See Sou PacNorth Pac Coast-See No Shore
North Pennsylvania- lot M 48 extended 1938_M&N
Gen g 3 3-10e 1953 J&JNorthw Term g 35 1928 gu_J&JNorwich & Wor-4s 1927.. M&SOgd'bu & L Cham-See Rutland
76%
68% 7597% 78103% 103911031023.( 98%
943'81798070
83
Hud It
k & W
86%545454
5150%51
5537675% 979574% 909570%90M80
80
50M
693& Hud
6950%
b6.208684
H & Ha& Hude.g Isle.
H & H
89873'687575687010910610784%
797
1041063/i 86
b 5.7097%, 80
At! &92
90100100
83459%863s75%88%
97763
103101% 10711
88773088
109
8082%75
85
est
87%555960
-- 5454
623
_98
52%48
River
7065
5.75%9088
rtRiverlid
893/i
109%
85
85
9,65.25%
81West100
84603/i908685
107
107%
9080
Bonds. Bid.
8331
93
I Ask.
Ohio Connect'g let g 4s'43 M&SOhio I & W-See C C C & St LOhio River-See Balt & OhioOld Colony-48 gold 1924_ F&A
4s Dec 1925 Jac D 90 92%48 Jan 1938 J&J 83 853133.0 July 1 1932 J&J 80 83%
Oregon Short Line-See Un PanOswago&Syracuse-See D L & WPacific Coast Co-See Misc BdePadnesk & Illinois-
1st f g 4%e 1935 gu J&J 95Pan American 1st 5s '34 op .1AcJ 25 50Pennsylvania RR-Con M 5s g 1919 M&S 99% 100do 4s gold 1943 M&N 89do 45 gold 1948_ M&Ndo 45 gold 1948 sterling
stamped dollar bonds
83
86 88%do 43s g 1960 F&A 95 05%
Gen g 4%s 1965 J&D 88% 38%Geng 5s Dec 1'68 tern ctfsM&S 96% 9634Con M 8As g E 1945 __JAM 80 84COI tr 4s Ph W & B 1921_J&J 95 96%RE pun mon lot g 4s '23 M&N 95% Gen ft eq 4s May'lOto'20 Q-F 5.85 5.25Gen ft eq 48 Jne'19-'22_Q-M 5.65 5.25Gen ft eq 4%a Apr '19 -'23_Q-J 5.65 3.26Aleg Val gen 4s 1042.___M&S 84% 88Bait Chas dz At lstg5s'34 M&S 40 50Belvidere Del gu 4s 1027.F&A 87
__ _J&J1st g gu 3%s 1943-
76% On Leh & Nor 49 1942_M&N 80% 87%Clev&Marietta-4%s'35 M Li N 87% Cleveland & Pittsburgh-SerA4%egengtd 1942__J&J 05% SerB4Ms gen gtd 1942_A&O 91
Int red to 3A% 80% Ser C 3%s gen gtd '48M&N 83Ser D 331s gen gtd '50F&A 83
D RAT ItIt&B gu g 4s 38 F&A 80%Erie & Pittsburgh-Gen gu g 331s SerB '40_J&J 76%
Series C 1940 J&J 76% Gr R & Ind Ext 431s '41.J&J 89Muskegon Div g 68 126..J&J 89
Holidaysb Bedford & Cumblet M g 45 1951 guar...LicJ 84 87
Pennsylvania Company-1st M g 4315 1921____J&J 97% 97%Col tr 4%s.rne 15 '21J&DIL 96% 97%Gu g 4s 1931 op 1921.,A&O 84% 01%Gu tr etre g 4s 1932.._M&N 86Gu tr etre g 331s 1937_M&S 76% On tr etre g 331s 1941_ F&A 76% 80On tr etre g 3r42__J&D 75% On tr ctfs g 3 s '44__J&D 75 38
Pith'C C & StCon a gu 431sSerA '40A&O 92 94%do Ser B 1942 _A&O 92 96%do Ser C 1942 _M&N 90% 99do Ser I 1063__F&A 90% do 431s Ser J '84 M&N 91do 4s Ser D '45__M&N 88% 93do 4s Ser F 1953_J&D 88% 93do 4s Ser 0 1937_M&N 88% 90do 4s Set H 1980 ..F&A 8831 90do nis Ser 13 '49..F&A 8731
CStL&Pitte 1st 8s g '32 A&O 102 104%Pitt. Va & Char gu 44'43M&N 87Sodas Day & Sou g 5s '24_J&J 80 90Sun & Lew let g 4s 1936_J&J 80Tol Walh Valley & Ohio-
1st g gu 431s 1931 Set AJ&J 88% 95let g gu 431s '33 Ser B_J&.I 88% 95let g gu 45 1942 Ser C_M&S 7831
Penn & N Y Canal-klee Leh VPennsylvania di Northwestern-Gen tis Jan 1 1930 J&J 99% 100ClearlieldkJeff 1st Os '27_J&J 100
Pensacola de Atl-See Lou & NPeoria & Eastern-See Cloy Cin Chic & St LPeoria & N W-See Chic 4. N WPeoria fly Term-See Ch R I & PacPea & Pekin Un 1st Os '21_Q-11 1002d wort g 431e Feb 1 '21 MAN 00
Pere Marquette (New Co)---1st g Ss July '66 Bar A_-_J&J 85% 86%1st g 45 July '58 Set B ___J&J 69%
Petersburg-See All CoastPhila & Bait Cent 4s 1951 _M&N 82 86Phila Ball & Wash 4s '43_M&N 87% Philadelphia & Erie-Gen (now let) gu Os g '20_J&J 100Gen g 68 July 1 1020.... ....A&O 97% 99Gen g 45 July 1 1920._ _A&O 06 98
Phila Harrisburg & Pittsburgh-1st mort gold 5s 1925.. A&O 98
Phila Newt & N Y 3s '42__A&O 69 73Phila & Road-See Reading CoPhila Wilmington & Balt-Debenture 4s 1922 M&N 95 97Debenture g 4s 1926.... _..J&J 88 90Debenture g 4s 1032____A&O 90 92Col tr ctfs 1921-lee Penns RR
Philippine Railway-let 4s 1937 s f op gu ____J&J 42 49
Pine B1 & W-See St L I ,M4cSoPine Creek-See N Y Cent & H ad RivPitts Bessemer & Lake Erie-! S & L B let g 5s 1940_A&O 95%
Cons 1st g 5s July 1 '43J&J 93% PB&LE con g Sc 1947_J&J 90Deb g 158 1919 J&D 97
Pitts Char & Youghiogheny-Gen mort gtd 45 1932..... A&0 80
Pats Cin Chic & St L-Bee Penn RRPitts Cleve & Tol-See B & 0
I, rests. f This price includes accrued Interest. k Last sale. 1 In London. n Nominal. s Sale price. t Tax-exempt.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.] RAILROAD BONDSNOTICE.—All bond prices are "and interest" except where marked "f" and income and d
efaulted bonds.37
Bonds. Bid. Ask. Bonds. Bid. Ask. Bond Bid.
Pittsburg Junction—See B & 0Pitts & Lake Erie—See N Y Cent dr findPitts AUK &Yough—See N Y CPlItiffihaw&N—let g 58'49 F&A f 5Gold 4s Feb 1 1952 FAA I 6% receivers' Ws 1918_-M&S
Pittsburgh & Shawmut—lit e f gold 5s 1959 opt__JAD 65
Pitts Shen&LE—SeePBess&L EPitteb Term RR & Coal-
1st g gu s f 5s 1942 J&J 95WestSideBelt let g iSs'37MAS 90
?Ms Va & Chas—See Penn RRPRO dr Western—See B & 0Pittsb Youngst de Ashtabula—Consol 5s 1927 MAN 95%let gen 4s Ser A 1948___JAD 85
Portland & Ogdensburg— •1st M 4%e 1928 guar MAN 91%
Port & R Falls—let g4e'26 MAN 88Debenture 48 Aug 1927_ _Fdr A 86
Porn (Me) Term gu 4e '61_J&J Port Reading—let gu Se'41.J&J Ports Gt F & Con—SeeBoac MePotomac Val—let gu 5s g'41J&J 97Princeton & Northw—See Chic A N WPrey Sec Co.—See NYNELIcHProvidence Terni—SeeNYNHA IIPrey A Worc—let 4s 1947_A&O 78Raleigh Jr Augusta—See Seaboard AirRal&CapeFear—See Nor South.Raleigh Jr Gas—See Scab Air LRal Jr Southp—See Nor South'nRaleigh dr S W—See Chesapeake & OhiRaritan River—let g 88'39—Ma Ravenew Spew c Jr Glen—See Bait & OhReading Company—Gen g 4s Jan 1 1997 J&J 863ler Cen g 48 '51 op '06.. _A&O Atlantic City as 1919___M&N 99
1st cons g gu 48 1951__J&J 70WeeN s tr cite 48 red 105.Q-M 85Phila & 11-2d 5eg 1933_A&O Imp M ext g 4e 1947_ Adr0 87Cons ext gold 4s 1937_M&S 87Term 555 gu May 1 '41 Q-F 103Del 11 Ter pm g 5s '42MAN 100Ex p mon g 5s 1942_JAd 100
Wiles & No 1st da '27_JAD 96Gen g 5s Aug 1 1932..Q-F 90
Philo de Read Coal dr Iron—Col 81 g 4s ext'32 guPAA 87
RCA dc Saratoga—See Del & ElRiohm & Danv—See Southern RyRich Fredericksb dr Potomac—Cons ridge 4%e 1940......A&O 90
Rich & Meeklenburg—SeeSoRyRich dc Peters—See Atl Coast LRichmond-Washington Co—Col tr g gu 4s 1943 opt_ _JAD 72
RI. Gr June—See Deny dr Rio GrandeRio Grande So—See Den & Rio GrandeRio Grande West—See Deny & Rio GrRoch Jr Pitts—See Buff R & PRock Isl-Frisco Term-58'27J&J 84dock Isl Ark & La--Soe CR I& PacRock1s1 Jr Peoria—See C R I &PRome W Jr Og—See N YCdc 11Rutland—Con 4%s 1941.. ....J&J 75Benn&Rut 43.ls g 1927_MAN 70Ogd&LCh 1st g gu 4s '48_Jdzj 61%Rutl Can 1st g gu 4s '49...Jda 67Equip tr 43.s 1923-27__MAN b
Sag Tusc dr Hur—SeePere MarqSt Clair Mad Jr St Louis Belt—
Alton Bridge let g 4s '51_J&J 65St Clair Term 1st Se 1932_FAA 90St Johns & L Cham—Se '44 MAS St J & Or Isi—let g 4s '47 _Mel BS Law, Jr Adiron let 513'96_J&J 82%
2d gold Os 1996 _ AA() 88ASt Louis Al & T H—See Ill CentSt Louis Br—SeeTerm RR AnSt L & Cairo—See Mobile & 0St L Iron Mt dc Sou—SeeMoPacSt L Mer Br Co—See Term RRSt L Peoria & N W—See Chic & N WSt L Rocky Mt Jr P 50'55—See C & Ir CSt L South—See Illinois ContraSt Louis-San Fr (reorganized)
Pr 1 48 1950 Ser A AO 61Pr 1 1950 Ser B J40 76qPrior lien 68 1928 Ser C_ J&J 94Ctun adj tle July 1955_ _ _A&O 63%Income ratge (is July l9600ct 403j
St Louis & San Francisco—Gen mtge g 6s 1931 J&J 102(ken mtge gold 5$ 1931 JAJ 96%elm Belt 1st g gu 49'22_AA0 80Sou West Div g 50 1947_A&O 80
St Louis Southwestern-1st g 4s 1989 certfs MAN 73ad g Inc 4s Nov '89 cert__J&J lit consol g 4s 1932____JAD 58%let term dc unit 5s 1952..Jdzi 59Eq Os Ser D 1919-1923_ FAA 66.40%Eq5a Ser E 1919-1924__A&016.40%Cent Ark dr Ea 1st 58'40op.I&J 675,6Grays Pt Term g Os '47_JAD .- • - •Shrev Bdg&Ter Os '55 guF&A 70StephouvN&STex5e'4000.j&j 58
it Paul Bridge Jr Terminal Ry. _lit M (le 1929 J&J 95
St Paul Jr Duluth—See Nor ParSt Paul East Or Trunk—See Cele & NSt Paul Jr K C Short L—See Ch 11 I JrSt Paul MErtn Jr Manitoba-
1St COM g 48 1933 J&J 883lot corm' g (Is 1933 . J&J 111let con red to 4%s g '33_J&J 92Montana ext 1st 48 '37.._J&I) 88Pacific Ext let 48 1940J&J d 76%Eastern Ry of Minnesota—Nor div let a 48 1948_A&O 81%
St Paul Minn Jr Manit (Cenci)River Minn Union let 68 1922_ ..J&J
lot 56 July 1922 Jdr.110 Meat Can 1st gd es '37_J&J2 let guar gold 5e 1937.. ..J&J85 Wil Jr S F 1st 59 g 1938_J&D
St P Jr N Pac—See No Pac St P Jr S C—See C St P M Jr 0
St Paul Union Depot Co 5%%guar notes Dec15 '23_J&D15
Salt Lake City Un Dep Jr RR— let 11 Os 1938 M&N
San Ant Jr Aran Pass—SeeSoPacSan Fr Jr 8 Jo Val—See AT&EIFSan Fran Term—See Sou Pacific
Santa Fe Pres Jr Ph—See Atch88 Sault Ste Marie Bridge—
let id s f g Sc July 1 1937_J&J Say Fla&W—See All Coast Line Sav&States--let g gu 5s '53 idr.1 Schenectady Jr Duanesburg-82Y3 lit guar es 1924 NUS Schuylkill River E S—See B Jr 0
Scioto Val Jr N E—See Nor Jr W Snub Air L—let g 4s 1950_A&0
Stamped Adjust M 5e, Oct 1 '49.__F&ARef g 4s 1959 opt.. Adr0
1st & con 6s 1945 Ser A_M&SLine Eq4J4sJuly '19-July'22J&J15
Eq g Ssiuly '19 -Doc'19 J& D15Eq g Ss Aug'19-Aug'23 FAA'SAtlanta-Birmingham Divis—
o lst g 4s May 1 1933__MAS Car Cant 1st g gu 48 '49_ _J&J
io Florida Cent Jr Peninsula-1st g 5s 1918 ext to 1923
86% at 6% 88 let 1g ext 5s gold '30 M99A 1st con 5e gold 1943 J&J
So Bound let g 5e '41_ A&OGeorgia Jr Ala Os Oct '45_J&J
101- GadrAlcTorm let g 58'48 JAD90 Ga Car Jr N—let 59 g '29_J&J90 ItallidcAug'eta—let 68'26 .140.105 Ral'h&Gast'n—lst g56'47J&J Seabirlteanoke— let 5e'26 J&J Seacoast EtR of N S 5s '48_A&O100 Seattle Term 6s 1919-1930 Illebast & Moose& let 551'28_MAS
Shamokin Sunb'y Jr Lewisb',g- 2d Os g July 1 1925 J&J
Sherman Shrov Jr Sou—See MoShreve Erdg Jr Ter—See St LoulSierra Sty of Cal-
96 istet as, g.Apr 12'37 _AA0i2Sioux C Jr Pac—See Chic Jr N WSedus Bay Jr Son—See Penn RRSomerset Ry let Jr ref 48'55_J&J
South Bound—See Seaboard ALSo Cat Jr Ga—See Southern RySou Indiana—See Ch Terre Hsu
nude Southern Pacific Co—Coll tr 43(CP) Aug 1 '49 ..r&D
92 Cony g 4s Jne l'29op'14_MASCony gOs 1934JADEq 454s 1919-Sept 1923_M&SCar tr 1%8 '19-Mar'23_M&8
Aust Jr Nor let 5s g '41_ _J&J Central Pacific-
1st refdg Is g g'd '49..F&Alet g gu 4s0ct 1 1954_ A&OM 33511 gg'd Aug 1'29_J&D
Galveston Harriet) dr SanAn—Mex&P Div let 58'31_ M&N2d LI Se 1931 gu____J&J
Gila Val Globe Jr Northern• ist g 5s Nov 1 1924__MAN70 Houston East Jr West Texas—
let Sc g May 1 1933_ _ M&Nlet guar g 56 Mar '33_ MAN
Houston Jr Texas Central—ist I g 58 1937 • J&JGen gold 40 1921____A&OWaco&NWDivtis g'30M&N
La West let 6s 1921____J&JHorgan's Louis's Jr Texas—
os ,p .44 1st g 6s 1920 _ J&JNorth Cal Ry g Os 1929_JAD.Nolty otCal Os g gu 1938 A&O
61% Oregon dr Cal let Os 1927..J&J77 S A Jr Ar Pass g gu 4s'43..JA.196 San Fran Term let 48'50 A&O64% So Pacific Br 6s 1931...... A&0413 Southern Pacific RR Cal—
let con g Os gu 1037....MA N103 let ref g 4s 1955 op '10_ JA.I99 8o Pac Coast let g 4s '37..J&J Texas Jr N 0—
Consol gold Ss 1943.... J&JDenali 1)1v let g 4s'30.. FAA
74 Southern Railway-57% let consol gold Os 1994_ _J&J59% Develop Jr gee Mg 4s'56 A&O60 I 3% notes Mar 2 1919__MAS26%1 Eq trg 4 %.3Aug'19-Feb'21 F& A6% Eg tr 4%1 Ser M 1919_ _ _ J&D75 Eltrg4%sApr'19-Apr'20A&O95 E Tenn reor lien Sc 1938_ MAS-- let Mem Mr g Os 1996_ __J&J66 St Louis Div let g 4s 1951 J&J
Aiken Br 1st g 49 1998__J&J100 Atlanta Jr Charlotte Air Line
1st M 4%s 1944 ser A_J&Jlet M .5e 1944 ser B___J&J
Pac Atl Jr Danville 1st 4,e '48_J&J2d g 4s 1948 _____ J&J
93 All Jr Yad let gu g 40'49- A&O
103A89
Southern Rallway—(Con.)-1013j Aug South g Os 1924__ _ _J& D 40 7094 ETVadcGa—Div g 5s130_J&J 96 99%110 Camel let grit; 1956__MAN 93l 95%
II Ga Mid 1st g 3s 1946_ Adr0 523,100 Ga Pac let g Is 1922.. _JAJ 100%
Knexv Jr 0 lit g Os 1925_J&J 1009 L Jr N So joint g 4s—See LANMob Jr Birm pr lien 5s '45 J&J 864 95
99 993 Gen M g 4e 1945 J&J 65 723'4Mobile & 0 coll tr 48 '38_ HAS 66 74%
82% 90 RichdrDanDeb5setpd27_A&O 92% 102Richmond Jr Mecklenburg—
lit g 4s Nov 1 1948__MAN _____ 75Se Car Jr Ga let g Os '19 MAN 99
Top Jr 8 Fe Sumter&WatR5s g' 19 A&O 90Va Mid Series D 4-5e '21_MAS 97A
80 Series E fkg 1926 MAS 993%
75 Gang Its 1936 MAN 96 98M&S 91% Series F Is 1931
S Jr N Ala—See Louis Jr NashvSouth Pac Coast—See Southern Pacific
71( 75% SpartanU&Col—See Aeliv&Spar70% 73% Spokane Falls Jr Northern-50 53 let Cis g 1939 Jeri 96563% 58% Spokane International-83 86 lit g 5s 1955 J&J 75 82
b 6.40 5.90% State L Jr Sulliv 43%s '29.... _J&J 85 92b 6.40 5.90% Staten led Ry—See Belt Jr Ohiob 6.40 5.90% Stephenv N Jr S Tex—See St L S W
Self Jr Carolina—See Nod Jr So74 76 Sumter Jr Water R—SeeSC&Ga77 80 Sunbury Hazleton Jr W B—
lit Os May 1 1928 MAN 952d snort inc Os '38 coup.. MAN 98
100 Sunbury Jr Low—See Penn RR93 Superior Short Line—See Ch St P M Jr On90 95 Tampa Jr Jacksonville-95 lit Id Os 1949 Adc0 95 96 Tampa North lit Os 1936 opJ&J 69 7090 Tarkio Valley—See K C St J Jr Council Bluffs
933% Term RR Alum (St Louis)102 lit gold 43%s 1939 Adr0 91 959.5 1st consol gold Os 1944 ..FAA 9905% Gen ref if g 4s '53 op '10_J&J 75 7790 St L Br lit g Ti 1929.... __A&O 1063% l09390 90 StL ifer Bdge T-58'30 A&O 9031 _ 943%
Mor Bdge 61'29 op '09 "IAA Terre Haute Jr Ind Os 1925_J&J 85
100 Terre Haute Jr Peoria—Kan A Tex let con g Os Sept 1 '42__MAS 858 South western Texas Central—lst Si 1923A&O 80
Texas Jr New On—See So Pac693% Texas Jr Okla—See IC K Jr T
Texas Jr Pac lit Os 2000___JAD 904 903%, 2d Inc g 5e Dec 2000____Mar I 46
Lou Div lit g 5s 1931_ ..J&J 93Weatherf'd Min W Jr North
let gm g as 1930 FAA 66te A 8 E Toledo Can Sou Jr Del—See Mic li Cent
Toledo Jr Ohio Central-76 77 let 5s g 1935 J&J 92111 99
833% 8378 West Div 1st Si g 1935__Adr0 87 923%1013% 1013% Gen g 5s 1935 JAD 74 84
b 5.75 5.30% Car tr 4s Ser B 1919-'20_ _J&J b 6.16 9.75%5 5.75 5.30° Kane Jr Mich lit 4s 1990 Ada) 683% 79 95J&J 90% 91%2d II g 5s 1927
Eq 4%1 July '19-Jly '22 J&J 1 6.20 5.75803% 81 Eq 4%s July '19-Xly '24 J&J b 6.20 5.75%75 773% St Mary's Div 4s g 1951_ FAA 57
853% 863% Toledo Peoria Jr Western—lit g 4s Jaly 1 1917 J&J f 36
913% 101 Toledo St L & Western- 97 Pr lion g 3%e July 1 '25.. ..J&J 76 833%
let g its Apr 1 1930 AA° te 49%94 102 Col tr g 43 Ser A 1917 F&A ____ 32
Union Tr ctf den 3091% 993% Tot Term lat43%s 1957 ga_MAN 78 7888 Tol Walh Val Jr 0—See PennRR
Toronto Ham Jr Buffalo-983% 104 1st g 4s June 1 1946____JAD TO 87 97 Troy Jr Boston—See Fitchburg94 1003% Troy Jr W T Bdge 55 1939..J&D 98 100983% ULeter Jr Del con Os 1928__J&D 91 95
let ref g 48 1952 Adc0 7097 1003% Union Pacific—
a 99 let Ry & 1 g 4s g 1947 ___JAJ SIP $8933% J&J 87 Cony 4s 1927 873%963 983% lit Jr ref 4s June 2008__M&A 80
J&J 1044 10841%653% wil 10-yr 85 July 1928 78 % Ore RR Jr Nay—See Ore-Was h RR As' Nay107 I Greg Sh Line let g 68'22_ FAA 1003% 10154
I let consul 5s g 1946_-_J&J 98 983496 ' I Ref g gu 48 '29, op'07_JAD 8134 87823% 823.4' Utah Jr Northern-923%
I let 7e'08 sit at 4 %to'33 J&J 913% Consol gold Se 1926__ _J&J 823% 89
80 8934 Union Terminal Co (Dallas) I73 let g Os 1942 op 1922_ Adz& 87 I 90
nited N J RR A Canal Co-95
U95 General gold 4e 1923___ _ FAA 96 I 98
67 67 General gold 4s 1929___ HAS 92 993% 993%, General gold 45 1944_ __ MAS 85
b 5.95 5.60%! Gen lst g 334e Mar 1'S1 M&S 73b 5.95 5.609 1 Upper Coos—See Maine Centralb 5.95 5.60% Utah A Northern—See Union P acific
92 99 i Utica Jr 131 It—See N Y C A 11
923/ 1 Utica Clint dr Bing—See Del A Hud723 7434 Vendetta Ra— i Con g 45 1955 Ser A.. 'FAA
— Ser B 1957 MAN 793% 823% Vera Cruz Jr Pacific REI—N% 97 i let g 43%s 1934 opt Jdr.1 1074 77 1 Verdig Val Ind A W—See Ho Pa 1 Vermont Val let 4%s '40_AA0 96 1 Vicksburg Jr Meridian—See Ala Jr Vicks
Vicks Shreve Jr Pac—I P I 6E1'15 ext 5% '40___M dr N 90i Gen Os May 1 1941___MA51 95I Virginia Midland—See So RyI Va Jr Southw 5s 2003__J&JI let con g 5,3 1958 A&O 70 i 801 Virginian Ely-
1st NI g Os 1942 opt._ MAN 928 933%
87%
b Basis. c On basis of £4.8-18 to the .e. d On basis of $5 to the Z. f This price includes accrued int. k Last sale. 1 In London. s Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
38 RAILROAD STOCKS , [VOL. 108.
Bonds and Stocks. Bid. Ask. Stocks. Par. Bid. Ask. Stocks Par. Bid. Ask.Wabash—let gold fis 1939 MAN 96% 98 Chicago & North Western_ _100 95% 96 Mississippi Central 100 23 272d gold Si 1939 ______ F&A 85% 87% Preferred 100 131 135% Missouri Kansas & Texas_ _100 5 531Deb mort (Ss ser B 1939_ _J&J 87% Chic R I & Pac corn temp ctfs_ 233% 23% Preferred 100 93%Equip g 158 Mar 1 1921_MAsS 963% 7% pref temp ctfs 76 77 Missouri Pac Ry trust ctfs_100 233% 24lit lien term g 48 1954_ _J&J 65 6% pref temp ctfs 63 63% Preferred trust certifs____100 52 52%4% gold notes May'20_M&N 961• 95 Chicago St Paul Minn & 0__100 75 82 Mobile & Bin m pref (guar)....100 55 65Det & Chi ext 1st g 5s '41 Jar., 873 Preferred 100 105 120 Mobile & Ohio—See Smitten RyDes M div let g 4s 1939_J&J 77 Chic Terre Haute & S E 100 Morris & Essex (guar) 50 69% 75Tot dc Chic 4s g 1941_ __Midi 89 Cin Indianapolis & Western..100 n 3 8 Nashua & Lowell 100 139%Omaha Div 1st 3 g '41A&O 67 72 Preferred 100 n 7 11 Nash Chat & St Louis 100 114 120Warren RR—See D L & W Gino New On & Tex Pac .....100 240 Nashe & Decatur (gu L & N) 23 d 35 40Wash & Colum Riv-4s '35 J&J 82 Preferred 100 92 100 National Rys of Mix let pref 100 12Washington Cent—See Nor Pac Cincinnati Northern 100 523% Second preferred 100 8Wash Co Ry—See Maine Cent Cm n Sandusky & Cleve pref_ 50 50 60 New Orl Tex & Mex v t c 313% 3234Wash 0 & W—See Southern Ry Clay Cin Chicago & St L___ 100 32 36 NY Blyn & Man B pref (gu)_ 100 98 105Wash Term Co.-3%s 1945.F&A 753% 80 Preferred 100 62% 75 New York Central RR 100 72% 731st g 4s 1945 guar FAA 84 Cley & Pitts (Guar Pa RR)._ 50 69% 72 Dividend payable in London IdWeatherford Min Wells & N—Se e Tex (3.7, Pac Betterm't stk (Gu Pa RR) 50 37 45 New York Chic A St Louls_100 28 30West Jersey & Sea Shore— Colorado & Southern 100 21 22 let preferred 100 60 66Corm' g 4s 1936 Jac.) 85 87 let preferred 100 49 53 2d preferred 100 42 43Cons 33is g Ser B 1936__J&J 75 80 2d preferred 100 43 48 New York & Harlem (guar).. 50 d 100West Maryland-4s 1952_ ..A&O 58 583% Columbus & Xenia (Guar) 50 76 86 N Y Lack & West (guar).... 100 90 1005% gold notes 1915 op__J&J Concord & Mont—Class E-100 77 New York New Hay & Hart_100 283% 28%Bait A Harris g Os 92% 95 Class II 100 77 N Y Ontario & Western.. _...100 19% 20let M West Ext g1513'38M&N 92% 95 Class III 100 77 Norfolk Southern 100 15 17Cora& Ir Ry 5s g 1920__F&A Class IV 100 77 Norfolk & Western Ry 100 101 106West N Y & Penn 5s 1937__J&J 99% 100 Concord & Ports (guar).___100 115 Adjust preferred 100 70Gen mort gold 4s 1943_ _ Aes0 68 72 Conn & Passumpsle—Pf(gu) 100 80 No Carolina (Ruar So RR)_ _100 135 145Income g Si Apr 1943 ..Nov 1 f 25 40 Conn My (guar B & M)____100 112 114 Northern Central (Ru Pa RR) 50 d 67 74Western Pacific RR Corp- Cripple Creek Central 100 15 20 North'n N H (guar B & M)..100 901st M 58 Mar 1 1946___M&S 83% 84% Preferred 100 20 30 Northern Pacific Ry 100 90% 91%Western Pa— 1st g 4a 1928_J&D 91 93 Cuba RR preferred 100 70 75 Nor RR of NJ (gu Erie)_ _ 40 60West Ry of Ala-4As 1918 A&O Dayton & Mich corn (guar). 50 30 40 Northern Securities Co stubs__ d 70 75Western Transit—See N Y C Pref (guar C H & D) 50 d 65 75 North Pennsyly (gu P & R)_ si 79 81West Shore—See N YC&H RR Co Delaware & Bound Br (gu).-100 150 165 Norwich & Wore pref (guar)101) 100West Side Belt—See Pitts Term Delaware & Hudson 100 103 103% Ogden Mine RR(gu CeriNJ) 100 90 100West Va Os Pitts—See B & 0 Delaware Lack & West 50 d 173 180 Obi Colony (Ru NYNH&H)_100 95 99Wheeling & Lake Erie RR— Delaware 25 d 38 42 Ontario & Quebec .100 ld105 108lit consol g 48 1949_ _ _ _ _M&S 65 69 Denver & Rio Grande 100 4 4604 Oswego & Syra (gu DL&W)_ 50 d 75 90Ref M Ser A, 1966. M&S 59 65 Preferred 100 6% Pac Coast Co—See MIN stocksL Erie Div 1st g Se 1920_A&O 90 96 Dee Moines & Fort Dodge.... 100 1 2 Pennsylvania Railroad 50 dx 443% 44%Wheeling Div let g 513'28 Jess! 90 Preferred 100 20 30 Peoria & Bureau Val (guar) 100 100 130Exten & impt g 58 1930_ F&A 98% Detroit Hills es S W (guar)._ 100 65 73 Peoria A Eastern 100 5%Equips f g gs 1922 J&J 85 Detroit as Mackinac 100 85 Pere Marquette temp v t c_ _100 1234 13Wheeling Term-4s 1040.. ..F&A 77 Preferred 100 75 Pref temp vot tr ctfs 100 40 44Wichita Falls & Northwestern- Detroit Toledo & Ironton_ _100 25c. 1 Prior pref temp • t c 100 55 601st 5s Jan 1939 J&J 60 70 Preferred 100 25c. 1 Phila Germ & Norris (guar). 50 d 105 1151st & ref g 5s 1940 op_ __J&J 20 40 Duluth South Shore & At!.. 100 Phila & Trent (Ru Pa RIO_ _100 180 200Wichita Union Term Ry— Preferred 100 4% 7 Pittsburgh Bess h Lake Erie 50 d 23 27lit g gu 4 '41 opt_ _ _M& N 74 East Penne (guar P & R) 50 52 55 Preferred 50 d 45 55Wilkes-13 & East—See NYS&W Elmira & W'msport (guar)... 50 40 45 Pittsb Cin Chic & St Louts_ ..100 45% 50Williamsport & N Branch RR— Pref (guar Nor Cent)...._ 50 60 65 Pittsb Ft Vir & Chic rig (gu)_100 132 138let ref g 4%8 1931 J&J f 15 30 Erie—Common 100 15% 16 Special (guar Pa RR)____100 120 130Willmer&I3Falls—See St PM& M let pref 100 253% 26% Pittsburgh & Lake Erie____ 50 130 160Wit & Nor—See Phiia & Read'g 2nd pref 100 18% 20 Pittsb McK & Yough (guar) 50 d 50 60WI! & Weldon—See All Coast L Erie & Kalamazoo (.guar).._.. 50 70 90 Pittsb & West Va corn 100 34% 34MWinston-Salem Southbound- Erie & Pitts (guar Pa RR)_. 50 52 62 Preferred 100 78% 811st g guar 48 1960 J&J 78 82 Fitchburg preferred 100 57 58 Pitts Youngst & Asht prof _100 128 135Wise Cent Ity—Ist m g 48'49 J&J 77% 80% Fonda Johns & Glov com 100 Prov & Worcester (guar).. .100 130Marshfield & South East Div Ft Dodge Dee M & Sou pref_100 90 100 Providence Warren & B____100 90pur mon lst g 48 1951_ M&N 65 Ft Wayne & Jack—pref (gu) 100 91 100 Railroad Securities Co--Sup & Dul Div 48 1936_ _MAN 72% 753% Geor RR & Bank Co (guar)_100 230 235 4% Ill Cent Stock ars 11982.... 60 70Minneap Term 3%8'50op J&J Georgia Southern & Florida_100 Reading Co 50 78Wise & Mich Ry-58 1945_ _J&J lit preferred 100 74 1st preferred 50 373% 38Wiscon Val—See C M ac St P 2nd preferred 100 65 2d preferred 50 37% 39WorNash&Roch— 4eJan'30 Jes.] 80 85 Grand Rapids & Indiana.. ...100 22
,Rensselaer & Saratoga (guar)100 115 1254s Oct 1 1034 A&O 80 85 Grand River Valley (guar)_ 100 125 Rich Fred & Pot—Common_100 220 240Yosemite Val I f g Sc 1936_J&J Great Northern Ry—Pref_ 100 92 93 Dividend obligations 100 200 220Ore certificates d 37% 37% 6% guaranteed 100 230 27.0Green Bay & Western 100 7% guaranteed 100 230 270Deb ctfs A & B—See under bo nds Rich &P& RF &C Conn.. 70 100Gulf Mobile & North corn _100 7 8% Rio Grande Southern 100 RAILROAD STOCKS. Par Preferred 100 30 35 Roch & Genesee Val RR__ ...100 95 105Harrisburg Ports Mt J & Lan 50 d 95 105 Rome & Clinton (gu D & H)100 90 110Ala Great Southern com____ 50 si 40 45 Hartford & Conn Western.. 100 23 30 Rutland preferred 100 19 20Preferred 50 d 50 53 Hocking Valley—Common.. 100 St Joseph & Grand Island _100 Alabama & Vicksburg 100 80 Hudson Companies—Pref.. 104 2 let preferred 100 Albany & Susquehanna (gu)_100 172 Hudson & Manhattan 100 2 2d preferred 100 Allegheny & West (guar)_ __100 100 110 Preferred 100 3 St Louis Bridge let pref _.._100 88 96Ann Arbor common 100 Huntiugd & Broad Top • t c 50 4 6 8 2d preferred 100 42 52Profaned 100 Preferred v t c 50 d 16 18 St Louis-San Fr stk tr etfs_100 12 12%Atch Top & Santa Fe 100 903% 92 Illinois Central 100 90 97% Pref stock tr cite Ser A___100 23 24%Preferred 100 86M 86% Leased lines (guar) 100 60 66 St Louis Southwestern 100 16Atlanta Birm Atlantic.. _100 7% Stk tr etts—See RR Securs Co Preferred 100 28 '22MAllan es Char Air L (guar) _100 150 160 Internet Rye (Cent Am) corn100 14 11 13 Saratoga & Schenectady (gu)100 115 135Atlanta & West Point 100 125 150 Preferred 100 Id 58 61 Seaboard Air Line corn 100 73% 8Atlantic Coast L Co of CL.. 50 d 94 97 Iowa Central 100 4 Preferred 100 16 17Atlantic Coast L RR com....100 96 98 Jackson Lens & Sag (guar)_ _100 87% Sharon 50 d 38 48Atlantic let leased lines rent tr_ Id 77 81 Joliet & Chic (guar C & A)__100 100 115 Southern Pacific Co 100 97% 983%Augusta tit Say (guar) 100 93 Kal Allegan & Gr Rap (gu). 100 110 125 Southern Ry common 100 26 26%Ball & Ohio—Common 100 45 45% K C Ft Scott & Memphis Ry— Preferred 100 67 68Preferred 100 53 55 Pref Cent Tr elf dep stpd_100 55 65 Mob & Ohio stock netts 55. 65Beech Cr (guar N Y C) 50 d 30 37 K C St L & Chic—Pref (gu)_100 80 95 Southwest'n of Ga (Ruar)_ __100 94 98Bost & Alb (guar N Y C 100 135 Kansas City Southern 100 17 18 Texas & Pacific 100 32% 323%Bost & Lowell (guar B & M)_100 91 Preferred 100 50 55 Toledo St L es Western 11000 9Boston & Maine 100 28 281 Keokuk & Des Moines 100 5 Empire Tr Co elf dep 6Preferred 100 50 Preferred 100 75 Preferred 100 10 20Bost & Prov (guar Old Col)_ 100 168 Lackawanna RR of N J_ 100 69 75 Empire Tr Co elf dep 10 12Boston Rev Beach & Lynn_ 100 100 Lake Erie & Western 100 7, 73% Troy & Gr'brish (gu N Y C) 50 d 60 70Buffalo Roch & Pittsburgh_ 100 65 Preferred 101) 1834, 20 Tunnel RR of St L 100 85 100Preferred 100 90 107 Lehigh es New York prof_ 100 Union Pacific—Common_ __100 127 127%Buff & Susq RR Corp corn..100 70 Lehigh Valley 50 553% 56 Preferred 100 72 73%Preferred 100 50 53 Preferred 50 d 85 United N J RR & Canal (gu)100 185 190Camden & Burl Co (guar)-- 25 d 28 32 Little Miami °rig guar 50 d 84 Utica Chen & Susq Val (gu)_100 107 117Canada Southern 100 50 Spec guar betterment stk.. 50 d 37 42 Utica Clinton & Binghamton100 55 05Canadian Pacific 100 157% 158 Lit 13chuyl Nay RR&Coal(gu)50 d 40 42 Valley RR (N Y) (guar)____100 90 100Preferred 100 Id 72 76 Long Island RR 50 Vermont & Mass (guar)...._ _100 95 97CaroClinchfield & Ohio corn .100 26 Louis & Mo Riv pref (guar)_100 90 115 Virginian Ry 100 18 23Preferred 100 50 1,011127 Hand & St L corn 100 2 8 Wabash Ry 100 73% 8Catawisiia RR—let pf (guar) 504 39 41 Preferred 100 20 25 Prof A 100 31% 322d pref (guar P & R) 50 d 39 41 Louisville dc Nashville 100 113 115 Pref B 100 19 20Cayuga & Susq (gu D L & W) 30 d 43 53 Lowell & Andover 100 90 Ware Riv RR (gu B & A.).. _100 115Central of New jersey 100 207 230 Mahoning Coal RR 50 d 325 400 Warren N J (guar D L & W) 50 d 00 70Chesapeake & Ohio 100 55 55% Pref (guar L S & M S). _ _ _ 50 d 40 50 West Meryl Ry new corn ._100 10% 11Chicago & Alton RR 100 7 10% Maine Central 100 80 82 let pref 100 40 48Preferred 100 8 12 Preferred 100 90 95 2nd prof 100 22 29Chic Burl & Quincy 100 Manchester as Lawrence_ 100 105 Western Pacific RR Corp.._ _100 17 19Chic Gt West corn 100 7% 8 Maryland & Pennsylvania_ 100 Preferred 100 60Preferred
100
Chic & East Ill—Preferred..100242
25%3
Massawippi Valley (guar)__100 Michigan Central 100 853%
7296
West Jersey & Sea Sh—Com 50Wheel A Lake Erie Ry 100
d 44834
469Prof Equit Tr ctf dep 3% Mine Hill 4c Schuyl Hay (gu) 50 a 58% Preferred 100 17 18Chic Ind dc LOUIBY corn 100 Minneap & St Louis new.. _100 10 10% Wisconsin Central 100 31 34Preferred 100 Minneapolis St P & S S M__100 91 95 Wrightsville & Tennfile, corn 25 d 18 20Chicago Milw & St Paul____100 37 37% Preferred 100 100 108Preferred 100 71 71% 4% Leased Line Ctrs 100 60 70
b Basis. d Price per share, not per cent. f Flat price. Is Last sale. / In London. n Nominal. s Sale price. I New stock. x y Ex-rights.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
39
PUBLIC UTILITIESIn the following rearrangement of our quotation lists we bring together under the general designation
of "Public
Utilities," all the different forms of such securities, thinking it easier for the reader to find any particular issue in a
general list than when the securities are subdivided under separate heads and there is doubt as to what head to look
under. In other words, under "Public Utilities," we include Street and Electric Railways, Gas, Electric, Power, Water
and Telegraph and Telephone Companies.In quoting Public Utility bonds, we employ the same method as in quoting the bonds of steam railroads.
The great
majority of issues being quoted "and interest," we use no designating mark whatever where that is the case. On the
other hand, we prefix the letter "f" where there is a deviation from this rule; in such cases the interest forms part of the
price. Unless, therefore, "f" appears against a quotation, the buyer will understand that the accrued interest is to be
added on. This, however, does not apply to income bonds and bonds in default, in which cases the price takes account
of the interest (should any payment be announced) and no designating mark is employed.
NOTICE.—All bond prices are "and Interest" except where marked "f" and Income and defaulted bonds.
Bonds.
Adirondack Elec Power Corp—let M gold 59 1962 opt___J&J
Mabama Power—let M 5e 1946 opt 1921._ M&S0% gold notes 1922_ __J&J
Alabama Water 1st 6a 1932..JAJ6% notes 1920 J&J
Albany Ry—See United Tract'nAlbany Son RR 1st as '39_MASAlton Gran A St Tr—See East StAltoona & Logan Val Elec ay—Con g 4%s 1933 gu__F&A la
American Cities Co—Coil trust g 5-130 1019 opt_J&J
American Gas—Cony coil tr g as 1920___JADNon-cony colt tr g as '20_J&DDeb 6s 2016 .J&J
Am Gas A Elec coil So 2007.F&A6% gold notes 1920 J&J6% gold notes 1921 J&J
Am Pow A Lt 6% notes'21.F&ADeb g Os 2016 M&S
American Public Service—let lion as 1942 JADCony 6% notes Mar '19_J&D
Amer Pub UM Coll Os '36_A&OAmerican Railways—
Coll trust cony g as 1931_FA AAmerican Teieph & Teleg Co—
Coll tr g 4s 1929 J&JCony g 4s '36 cony af'09.M&SCony4%e'33op aft 1925.M&SColl tr be 1946 JA DCony Cs Aug 1925 FAA6% notes Feb 1 1924_ FAA
Amer W W & El Se 1934_ _ A&OAnacos A Pot River RR—See WAppalachian Pow as 1941_JADArdmore St Ry—See Phila CoArizona Pow (le '33 op '13_MANArkansas Light & Power—
let M a f 6s 1945 A&OArkansas Valley Ry Lt & Pow6% notes July 1 1919____J&J7% notes 1920 J & D
Asheville (N C) Pow A Light-1st i f g 58 1942 opt A&O
Ashland (Wie);14 Pow & St Ry—lit M gold Ss 1939 J&J
Atchison Ry, Light A Power-1st Se Nov 1935 MAN
Athens (Ga) Ry A Electric--let & ref s Ig 514'50 op'15 J&J
Atlanta Cons St RR-See Ga RAtlanta Gas Lt Ss g 1947__JADAtlanta Nor Ry—See Ga Ry &Atlantic Ave RR—See Bklyn RAtlantic City (N J) Gas—
let g Bs Jan 1 '60 opt' 20_J&JAti City & Sh ItIt-5s '45.J&DAllan Coast El let Ss '45_ _MANAuburn & Syracuse Elec RR—
lit A ref g as '42 opt '12A&0Augusta-Aiken Ry A El Corp—Sink fd g Se Dec 1 '35 opt.J&DAugusta Ry A El as '40_J&D
Aurora Elgin & Chicago RR—lit & ref g So 1946 opt_ __J&JABAC Ry 1st g as '41 A&015
Austin ('fox) Gas Lt 6s '31_ Q&JSalt & Ann S L—See Md El RyBait Elec let a bs '47 gu___JADBaltSpPAChee—See Un Ry& ElBait Traction—See Un Ry A ElBangor(Me)Po 4-4%-58'31M&SBangor fly & Electric—
lit cons g 6o 1935 opt _Jk.1Bay Counties Pow as '30 M&SBeaverValTrac'len g 5e'53MANBellTelp Canada Deb 53125A&OBerkshire St let g as 1922__JADBinghamton Gas Be 1938_ A&OBinghaniton(N Y) L, 11 A P—
lot ref as 1946 FAA13Inghamt fly Se '31 op '11 MANBirm Knox A Al—See Phila CoBirm fly, Light A Power—Gen ref g 4%s '54 op '09_ A&ORef & ext g Os 1957_ __MAN6% notes Apr 1919 A&OBirm Ry & El let g 5s '24_J&J
Blackstone Val GAB 5s '39_ J&JBleecker St & Fill Ferry—See NBlue Lakes Water lot 6s'38 MASBoston El L let con 5s '24_ M&SBoston a:ley Ry 4s 1935__MANDeb g 4%s Oct 1 1937 AA0Deb g 4%s Nov 1941MANDeb g 55 Dec 1942 JAI)West End St bs 1932_MAN
Ss May 1936 MANbs March 1944 M&Sfis Aug 1919 FAASe March 1922 M&S4340 Jan 1 1923 J&J
Bid. Ask. Bonds. Bid. Ask. Bonds. Bid. Ask.
Bost Eley—West End St. (Cone 1) Chicago City A Connecting Rya83 87 434s July 1 1930 J A J 87% Col tr s f g as Jan 1 1927.A&O 47 48%
44 Aug 1 1932 ___ __FAA 81% Chicago City Ry—87 90 Bost A Nor St Ry ref 4s 114_J&J 50 55 let g be 1927 op up to '12.F&A 81 85
Georget Row A Ipswas'20JA D Chicago Elevated Rys-97 100 LowLawAil lot g as'23opJ&D 5% notes 1916 ext 1919_JAJ 97% 98% Lynn Zs Boa let bs g '24_JAD 75 Chic June RR 4s l94& ..M&S
Bost& Were St Ry 434e '23 FAA 85 90 Chic North Shore A Milw RR—70 78 Brazilian Tr Lt A Power- let M g 5s 1936 J&J 86% 89%
L A Su 8% gold notesNovl'19_MAN 95 98 Chicago A Oak Park Elec Ry—Bridgeport Gas Lt 4s 1952 _JAI 86 Lake St El lot as 1928 gu_J&J
60 65 Bridgeton A MilivTr 5s '30_ J AJ Chicago Railways Co—Bristol G & B 5s 1939 J&J 72 76 ln in g bs 1927 opt FAA 80
40 50 BwayA7th Ave RR—See NY Rys Con NI be Ser A Feb '27_A&O 75
Bway Surface RR—See N Y Rys Series B Feb 1927____JAD 4714 49%
92 95 Bronx GAB as 'Coop aft'20_J&J 65 75 Series C Feb 1927____F&A Bklyn Bore Gas 58 1945 op JAD Pur mon 4-Se Feb '27 op.J&J 45
80 83 Bklyn City & New RR—See C I dr Bk RR Adj Inc 4s Feb 1927 op.. ..May 26% 27%
87 87% Brooklyn Rap Tran—be'45 A&O 71 74 Chic Sou Bend A Nor Ind RR-98% 99 lot ref gold 4s 2002 JAJ 49% 52% 1st g as Jan 11037 J&J 60
96% 97% 3-yr 7% notes 1921 JAJ 78% 79% Chicago Telep be '23 op '13.J&D 96% 97
93 96 Bklyn City—lot be 1941_J&J 80 92 Chris A 10th Sts RR—See N Y Rys
Bklyn Hes let as 1941_A&O Gin D A T Tree gold 5s '22_J&J
92 95 Brooklyn Queens Co & Sub— South Ohio Tree as '20.. MAN 96 99 let M g Ss 1941 opt '16_J&J Cin A H (is g Apr 1 1918J&J 85 90 let con gu Se July '41_MAN 70 Cincinnati Gas A Electric—
Bklyn Un Elev be 1950.... FAA 7234 77 let & ref 5s 1956 Ser A__ AA() 91 95
70 75 Stamped guaranteed 72% 78 Cincinnati Gas Transportation-Kings Co El let 4s 1949_F&A 60 65 let as 1933 guar op '13__J&J 95 100
8478%
84%85
Stamped guaranteed Nassau Elec—let as '44_A&O
56% 72% Double guarantee Cin Lawr & Aur as 1919.. J&J _
95 100
85 88% let g 4s Jan 1 1951_, __J&J 58% Cin New A Coy Ry be 1922_J&J 91 93
93%102
0334102'
Atlantic AY con Bs g '31.A&OBkln BathAWE as'33.A&O
80 85 2d g as July 1922 So Coy A Gin as g 1932--Jli 89
ash Ry & El Buffalo City Gas g as 1947_A&Of 30 Cities Service Co—74 80 Buff Gen Elec let 55 1939.. FAA 97% Cony g deb 78 1966 J&J 123 127
1st ref as April 1 1939___J&J 89 93 Citizens' Gas (Indianapolis)—80 85 Deb as 1923 FAA 102% 103% 1st & ref g be 1942
8893
Buff & Lack Tr let as'28op JAL!) Citizens L,HAP(JohnstownW83 90 Buffalo & Lake Erie Traction— lit g as 1934 opt 1914__MAN 85 90
let as ref g as '36 op s f__MAN Citizens' Ry A Lt—See Muscati no Lt & Tree
97 99% Hamburg Ry 4s 1926_ _MAN Citizens St Ry—See Ind Tr & Ter
96 99% Buff A Niag Falls El L & Pow— Citizens' Tract—See Phila. Co.lit g 13s 1942 FAA 93% 98% City Elec San Fran Se 1937_J&J 82 85
85 89 Burl'ton (Vt) 0 L as 1955.. _J&JBurlington (Ia) Ity A Light-
80 86 City A Sub Ry—See Port (Ore)City k Sub—See Un Ry & El (B
Ryalt)
82 86 1st e f gold as 1932 opt.._M&SButte El&P blot eis'19-'51.‘JAD
8092 96 City A Sub Ry—See Wash Ry &
Clay El Ill lot Si '39 op'24_ AA°El
93 1 943.4
82 87 California Electric Generating— Clev Painesv A Aehtab Elec—lit s f g Se '48 opt aft'12M&S 80 85 lit gold Se July 1 1922___J&J I 20 30
70 SO California Gee & Elec Corp— Cloy Pains & East Con 5s118Adr0y & E Sink fund g ele 1933 opt_MAS 97 98% Clay Ry let Se 1931 opt___ M&S 93% Unif&ref g as '37 op s f_MAN 95% 96 Cleve Southwest & Colum Ry—
El Cal Cent Gas A El 58'31_FAA 95 let gets con as 1927 opt.._A&O 80
ap Tr Cal Pee Ity—See Pacific Elec R Clev&SW let as '23op'13.P&A -_ - — 73Calumet A South Chicago ity— Cl 13erEly&Ober5s g '19_ M&S 90
44% lit M rehab g as '27op'12P&A 71 75 Clev Ely & W Ss 1920...... FAA 90 92 Camden hc Sub fly—See Public Service Corp CoaatCos LAP let as'46op FAA 843 Canadian L A P 5E1'49 op'14 J&J ColoradoPower-let 5131933MAN 87 90
Canal & Clan) RR—See N 0 Ry & L Columbia G A E let as '27_J&J 82 83
80 85 Canton-Akron let g Se '22M &S 91 93 Stamped 8134 823(
58 63Canton Mass lot g ,5a'20. MANCan-N Piffle g Ss '23 opt_ FAA
9287
9590
Deb. be 1927 Columbia (S C) Ry Gas A EljC&oj— 77
80
75 83 Canton (0) El ao'37 op '12MAN 1st M s f g as 1938 Jdc.1 83 89Capital Trac (Wash, D C)— Col Buckeye L A New—See Col Newark AZanes
1 39 43 lit g be June 1 1947____JAD 98 Columbus Citizens Telephone- 75 Carbondale fly Ss Nov '33_J&J n 75 85 1st 5s Jan 1 1920 I&J 94 98
92 96 Carolina Power & Light— Columbus Dela & Marlon Eleclot M g fid 1938 FAA 86 90 Co lot A ref 5s, June 1937_ _ __ 80 85
93 94 Cass Ay & Geds Ry—See U rated R y (St L) Columbus (Ga) El Co as '33A&O 80 35
Central Ark Ry & Lt Corp- Columbus(0)Gas 1st Ss g'32J&J___ _ 911st I s f Ss 1928 M&S 78 83 Columbus(0)Interurban Ter Co.
Central California Traction— let guar Ss 1935 80let o f g 5s, 1936, opt__ A&O Col Lond A Springf fly—See Col"& East
Cent Croset flit—See N Y Rys Columbus Newark & Zatiesv—97 Central District Telephone- let gold as 1924 M&S
85 1st a f g as 1943 op '18__JAD 98 Gen A ref gold be 1926 MAN k 91 Cent Ga Pow—See Ga L Pow A Central Hudson Gas & Elec-
Rye Col Buck Lake A NowTclet gold 58 1921 MAN
1st & ref 58 1941 J&D 90 95 Zanesville Ry, Lt A Power-CentralIllsLightlistas 1943_ A&O 85 90 5e 1912 ext to Mar'24_AA0
Central Illinois Public Service— Colum A 9th Av flit—See N Y Rys
52 60 lot A ref g 5s 1952.. F&A 74 77 Columbus (Ga) Pow 58'38_ Mc° 87 92Central Indiana Gas— Columbus Ry, Pow A Light-
lot fl 5e Sept 1931 M&S 84 88 1st ref A ext s f 54 1940_ A& 0 70
60 64 Cent MainePo w as'390p' 19MA N 85 90 Col Rs lot 4s '39 opt '14_Q-J 75
65 75 Cent Market St—See Col Ry Po w & Lt Col St Ry 1st 5s g 1932__J&J 90
Cent N Y G E— as '41__J&J 88 92 Cross St 1st as g 1933_JAD 90
Tracy Devel. as 19.14___A&O 90 98 Com'cial Cable-49 g 2397_Q-J
92 97 Cent Pow A Lt Os 1946___AA 0 Commonwealth-Edison Co-
Y Rys Central Ry-SeeUnRy& El(Balt) 1st g 5s June 1 1943____MAS 9431 94%
105 Cent States El 5%gnotes'22J&D 89% 92% Com'wealth El be J'ne '43_ M&S 90 933-4
90 Central Tract—See Phila Co Commonwealth Light & Power
Charleston Cons Ry Gas A El lot 6s 1947 MAN 90 9334 Consol a bs 1999 M&S 89 91 Commonwealth Power (Mich)-
Ch City Ry let g Se 1923.J&J 99 1st g Se Dec 1 1924 J&D 90
Chattanooga Ry A Light— Commonwealth Power (Neb)— 907 lot A ref g as 1956 op '16.MAN 50 60 let gold 6s 1944 M&S 96 100
89 Chatt Rys lot con be '56.MA N 66 Compt hits A Mer Ter—See United Ity's
87 Chee & Pot Tel be '29 op'09.JAJ 95 97 Conestoga Tree 1st 4s '50_ _J&J 82 85
Ches & Pot Tel of Va as '43 MAN 90 93 Coney lel & Bklyn RR 4s '48J&J
0634 Consol gold 4s 1955 J&J
94% B C & N bat cons 59 1939 _J&J
/This price includes accrued interest. k Last sale. a Nominal. o Sale price. min. Minimum prices established on Montreal Stock Exchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
40 GENERAL QUOTATIONS-PUBLIC UTILITIES [Vol,. 108.NOTICE.—All bond prices are "and interest" except where marked "1" and income and defaulted bonds.
Bonds. Aa.Come L & Pow 1st 5s_1939_J&JConnecticut Power So '63_A&0
lot A coil tr 5s 1956____J&J6% notes 1920 JAJ
Coon Ry & Lt 4ees 1951 J&JStamped guaranteed opt'l_
Conn My Pow lot fis 1937_J&DConsolidated Cities L P & Tr—
lot lien 5s 1962 etpd J&JConsol Gas of Bait 58 1939_J&JGen g 4 ees Apr 1954___ A&O
Consol Gas Elec L & P (Bait)—Gong 41s Feb 14 1931 J&JCone 5%note8Nov15'21MAN
Consol Pow 6% notes '22_FAAConsol Gas N J 58 g 1936 J&J
let ref 5:3 1965 AA()Consolidated Gas (N Y)—Coley deb Oa 1920 _____ Q-FUnderlying cos—Soo NYGE1
0013 Gas (Pitts) Ss '48 rcts_FelcAUndeposited bonds
Consul Ltg Co(Vt) lot W26 J&JCon Ity(NewHav)deb 45 '54J&JDeb 4s 1955 J&JDeb 4s 1956 guar J&JCons g 4s 1030 ---------FAA
Cons Ry & Pow (Salt Lake) SeeCous Tr(N J)—SeePubServCorCou Wet of Utica-lot Se '30.J&JDeb Se Jan 1 '30 op 1911_J&J
Cons= LHAP Co (Ellz, NJ)51 1938_ _JAD
Consumers' Power Co (Mich)—let A ref g tis 1936 op '16_.13a
Continental (las & Electric—lit lien coil tr as 1927__MAN
Crosstown St Ry—See Col RyCress St Ry—See Int Tr (Buff)Uumberland Co(Me)Pow&Lt—
lot ez ref g 5s 1942 M&SCumbeand Tel & Tel—Deb fis Feb 1 1920 le&Alot & gen 58 1937 J&J
Cuyahoga Telephone—lot 78 Dec 1 1921 J D
Dallas El Cor col tr g 3s'22.A&ODallas Gas let g So 1925 opMANDeny St Ry& L Co 59'20-'25 .1kiDanville Urbana & Champ Ry—
lit 58 1923 optional MASDarby Med dr Ches Ry—See PhiDayton(0)Gas 58 '30 op'15MicSDayton Ltg lot 50 '37 op'12MASDay El L 1st 5te2lop'06 MAS
Dayton Pow & L lot 5s '41_J&DDefiance (0) GAB Sts 1942MASDelaware Co & Plena—See Un PDenCTram—Purch g 513'19 AA()
1st it ref g es 1933 op s f MANCon Train con g 5a 1933A&0
Deny Gas & El lat g as '49 MANlot & ref So 1951 MAN
Denver Tram Power Cu—bit imp g gu So '23 op '08 AA()
Denver Tramway Terminals Colot in g gu Ss 1919-'40 MAS
Denver Union Water 13s '14.J&JSoPlatteCaual&Res39'23.JAJ
Des Moines & Cent In Elec Co—F 6s 1937 op Sin A MASF 5s 1937 op Sur B_MAS
Des Moines City thy—Ref g So 1921 op 1906
A&()Gen it ref 6s 1936_____Detroit C Gas 5% g M '23_ _J&JPrior lien 5s 1923 Det & Sub Gas lit 5s '28J&D
Detroit Edison let g 5s '33J &.Jlot & ref Ss July 1 '40 MAS
Dist United 4ees 1932 opt...ler-I7% coil tr notes 1923 AA0Det thy let 5s '19-'24_JADDet&Flint lot g Se '21__F&ADet Rock Romeo & L Oriou
lot ak fd g 138 1920 _ _ _JA DDel Ft Wayne & Belie Isla--
lot g So Apr 1 1928 _ _ _A&ODet Mon & Tol Short Line Ry
lot M g 38 Jan 1933_ __ J&JDet&NW 4111'21 op 'LIMANDet A Pontiac-58 g '22_F&ACons g 43s '26 op '11_ Jez D
Det & Pt Huron Shore Line —lat g So 1950
Det & Lake St Cl 5s '20_ A&ODet Ypsil Ann Arbor & Jack-
1st g Se 1920 FAADY&A A Con Os 1924_ FAA
DDEBAB RR—See Third AyDsaluth Ed El let 55 '31 op _M&SDuluth Superior Traction Co—Duluth Fit Ely let g 5s '30MAN
Duquesne Tree—See Phila Co—Eastern Pa Rys let 5s 1936 J&JE Chic &Ind HarWat 53'27_ A& 0Ewa Pa G A El let So 42_JADEast St Louis (Ills) Lt & Pow-
1st Cis 1940 JADleast St Louis & Suburban Co—
Cell trust g Ss 1932 opt A&Otiton Granite A St L Trite-
1st COUH g 5s 1944 _ _ FAAEaston Cons El 51 1949 _MANEconomy Lt & Pow (Joliet, 110_lstMafg 5s 1950 J & D
Edition Elec Co of Los Angeles—lot A ref g 5s 1922 op'07 MAS
Edison Lt & Pow (3 F) 6a'21Q-FEighth Ave RR—See N Y RyeEke A Peep--See Phila Rap TrElectrical Securities Corp—
Coll tr g H f 5e 1933 opt_ _ FAAElie Plainf & Cent J1See PublicElie A Trenton RR 'Sere Cern
Bonds. Bid. Ask. Bonds. Bid.92 Elmira Water Light A RR-82 89 lot & con g Ss 1956__ MAS85 92 El Paso El Co coil tr g 3e'32J&J971 9934 Empire Dist Elec Ce-89 let Se 1949 MAN89 Empire Gas & Elec and Empire92 96 Coke it lstetref 53'41 op MAS
Empire Gas A Fuel-74 77 lot M s f ee 1926 MAN100 101 Equit 0 & B Utica 50 1942 A&O88 89 Equit Ill Gas, Phila, 58 g'28 Jed
Brie El Motor s 1 g 53 1941 Atis085Brie Ltg lot M 55 1947_ _Asa)97 97 -ke Brandy GAB L Sie32op'1-2 J&D98 981 Evansv A Sou Ind Traction-90 _ - __ Evansv El let g 42 '21_M&N85 90 Evansv Se Princ let 5s '23Ak0
Excelsior Springs Wet, Gas & El10034 101 , let M ae 1932 op J&D
II A P. Fairmient A Clarksburg Tract'n1 55 60 lot g So 1933 op 1913._ A&O1 Federal Light & Traction-
95 97 let s f g 50 1942 opt__ __Mete:52 56 Fed St & Pleas Val—See Phtleen52 56 Ft Pitt Trac—See Phila Co52 56 Ft Seattle Light & Traction—
let el g5e Marl '36 opt MA SUtah L St ay FtWayeeB & M lot So '35 gu J & JFt NV Van Wert & Lime Tree-
95 98 1st el g 50 1930 guar. ... ..J er J85 91 Ft Wayne & Wabatile Val Tree
let eerie g 58 1931 __ M & S90 Ft Werth Pow & L Se ' ___ FAA
42d St M & St N Av—See Third88 90 Fraakf Tammy k Holmosb ley—
Itit g 5e July 1940 J&J82 90 Galv Elec Co Ist58'40 op MAN
Lt Galvestea-Hoeston Elec Ry—let el s f g Se 1954 opt__ Als0
GaiikEl of Bergen C. 5s'49 JileD75 85 Gee 3s Nov 1 1934 MAN
General 0 & El let Ss '32 J&J97 99 Geor Row & Ips—See BoekNor93A 9114 Georgia Light, Power & Rye-
1st lien s f g 5e 1941 out MAS99 1001 CeutGaPow53 '38 op '13MAN91 94 Georgia ley & Bloc 5s 1932_,J&J85 90 Refg & inept g 5e '49 s f __Jeer Atlanta Cons St So 1939...14.1
Georgia Bloc Lt 5s 1930.J&J85 90 Atlanta Northern Ry Co—
la It Tr lot guar Ila '34 op '09__J&J90 Georgia Ry & Power-85 89 lot & ref a f 5a 1934 op__A&O88 . _ .__ Grand Rap 0 L So 1939___F&A84 88 Grand Rap Or Hay A Musk Ry82 85 lot g Se July 1 1926 J&J
& Tran s (et Falls Pow let So '40 op MANGroat Lakes Power, Ltd—
lot M es 1919-1944_ MANGreat Northern Power-
90 93 lot Al g Ss 1935 op FAA80 85 Great West Pow So 1946 op _J&J
Cone deb Ss 1923 MAN80 81 Greenwich Tram lot Is '31 elk.1Flackeneack Wet 4a '52op'12J&J
Basle 734% Hamburg ley—See Buff A Lake98 99 Harrisburg (Pa) Light & Power-100 1st A ref g Ss 1932 opt__ FA AHart Man & Rock Js 1924_AA0
83 93 Hart A Springf SH g 1921—J&J80 85 Hart St Ry-1st g 48 1930.M&Harwood El Ss '39 op'14__.I&J
lot & ref s f g es '42 op _MicS Havana El C.(011H g Ss 1032_ FAA
9634 Helena Lefty lot So '25 op MAS fleet Man & Fair Pass fly—See
89 93 Home Telep A Toleg (Los An-96 8 gales Cal) lot 59 1933_JAJ931 tat refg Ss 1943.. JkJ741 73 HoughtenCo(Mich) El Light-9614 97ee let g So Jan 1 1927 opt J&J Houghton County Traction
tat con g as 1937 _ J&JHoughton Co St 58 1920_J&J
Hous El 5s 1925 op 1910 ..FAAHouston L & Pow 53 1931 A&OHudson Co Gas So g 1949_11146NHied Rh' GAB! let 13s '29 MAN
Hydraulic Pow of Niag Falls— lot & ref 5s 1950 Jed Ref & Impt 5s 1951 A&O Idaho Power lot 5s 1917_Jea
Illinois Central Traction— let M g 58 1933 op guar _JAD
Illinois Northern Utilities Co—lot it ref g 5a 1957 ept__A&O
84 88 (111nots Valley thy-93 100ee let s f g guar So 1935___MASthy Indiana Columbia & E Tree-86 88 Gen A ref g 59'26 op '11.MAN
Col Lou A Springf 50 '20.A&Oa 73 80 tudlana Ltg 4s 1938 op__ FAA
Indiana A Mick El lis 1957_ F&A 58 Indiana Nat Gas & 0—See Poop Indiana Itys & Light- 1st & ref 581913 Jed
Indiana Union Traction-83 90 let g 30 July 1 '33 op '08.A&0
Indiana Nor lot g 5s '33_ AA0 07 Mune A Un Cy gu 58136olefix.1
Ineitanap Columbus & Sou Tr-70 tot Mg 5s Feb 1 1923 __ FAA
90 94 Indianapolis Ga9 5ti 1932_ _ A&OIn burlap A Green Rap Tran-
91 tot a 59 Jan 1 1929 JAJIndianap L & II 38 1940...AA°10034 Litilanap A Martine, Rap Tr-
102 103 let g res 1932 opt ji96/ 97 In iianapolis Northern—See Utl
In ilanapolis & Northwest Tr-92 94 let g 58 1923 opt__ _MAS
Indianapolis & Southeast Tree951 96;i let M g Se 1933 JAJ1001 Iivi'p Shelbyv & Southeast lot
s f g So Jan 1 1932__ _ Pe.,Indianapolis Tree A Term Co—
let a f g 33 Jan 1 1933__A&090 1)3 in iianap St gell 42 193:3__J&J
i Citizens St con So g '33_ MA el
56 GO
Indiana', Wat-3s '26 op'11.J&J 9585 87 lot A ref g 434o 1940 op __JAJ 8082 90 Interborough-Metropol Co—
Coll trust g 434s 1956A&0 39175 80 Interborough Rapid Transit—
lot A ref g as '66 op tax-exJ&J 7088 91 Intermountain Ry Lt & Pow—
lot 1st g ii 1942 971 981 Internat'l Traction (Buffalo)—
Buff Ry let can M 59g131.Fjiltel A f 8255 90Coll tr 4s' 1949 27
102 10488
94 Cross St Ry 1st 3s g '32_ MAN 89 9086 88 Buff Bell & Lan 58 1.927_JAD Buff A Lock lot g 3e 1938-JAJ 92
Buff A Niag Falls Elec Ry-82 88 lot M 58 g 1935_ J&J 9093 95 Internet ay ref 33'62op MAN 60
leockp A Ole let g Ss '20_ 1.e.1 8690 95 Interstate Elec Corp 631933 MiltS 80 90
Interstate Itys—Col tr g 4895 90 1943 op 1913&_ 41
Iowa lily A Lt (Cedar RepidFA) —A 40
63 72 let & ref g Ss 1932 op '15 el&S 88 91Irouweed A BOSaldifiler fly A Lt
lot d f g 5s '36 op aft '15_ FAAJackson A Battle Creek Tracj70 80 Jackson Consolidated Traction(
Jackson(Mich)Gas 53 g '37 AA()Jacksen (MI83) Light A Tr-
30 50 lots f g 5s 1922 opt 'II__ Alt0Jacktiouv(Fla)Gas s f So '42 JA ii
30 35 Jacksonville Traction-88 92 lot con So Mch '31 opt__ MAS 77 82
Ave thy leckeour El 5s '27 out_.. MAN 80 87
60 70 JjoerheLittoywkluo(bpilea)Ppaet—adSielye_Public Service Corp
78 84 kttg g 42 1031"c
80losettnitPitteRy lst3e'30 opMse° 98 875 88
77 83 Kaukekee(111)GkE 51 '30_ MAS 85 9290 Kass City(Mo)Clas Ss '22_A3ce 8834 85 Kan C Beate Telep 5e 1923 JA) 89 9045 ' 60 Kau City KawVal & West Ely—
St Ely lot IQ 6o Aug 1921_ _ __ FA A 06 98Kauai. City Light & Power-
1st AlSs July 7 19 I_ ...J.1 A 7567 A 70 I_ 8078 85 2d M Is July 7 1911__JA I 75 8292 94 K C Long Die Tel So 1025_ _JAI 841 87 91 Kangas City Railways-981 9934 lot At Se July 7 1944____J&J88 92 2(1 Al Si July 7 1944___JA.1
2d M So July 7 1944_ __JAJ100 103 Kan City-Western—lot retie 8
5s 1025 opt Sept 1 '1.1)__11&S 1 81 •8434 Kansas Electric Utilities-90 95 let g Si 1925
AKansas GAB let 59 '22 op_MVS 92 95--86 89 Kentneicy Tree A Terralcial-9331 lot A ref gu So '51 op '14_ Fee A (10 70
Lexington Ry lot 5a '49_Jit1) 87 90Kentuaky DUI Os '19 A A 0 15 • 95 99Key. Tel let g Ss '35 op'08_,FAJ 88 90
85 871 filets Co B LA P let 5s '37AA0 9011 85 861 Perch mousy es g 1997_AA0 100
90 Edison El III Bielyn 4s'39 iMticS1 975034 80891 92 Cony deb Os 1923
70 75 Binge Co leley Ely—Seel3klyn It ap TrErie Trac Rings Co Gaeklii lot Se '40AAO
ilinleek Lg DtAt Tot 5s '29 J&J---96 Knox, Gee lot 59'33 op'1:3 AA() 80 85
-tiii 983i83 92 Killoch Telephone (Is 1928. FA A
f Knoxville Railway & Light —831 91 Ref A ext Ss 1940 op. _J&D 65 7595 Keterville Tree fis 1938_ Aec() 00 Kakento Marion & W Tree-
82 let g fie July 1 1933__ __LSO 89 9078 80 Lackawanna A Wyo Vol Et T
Phila R T Coll tr Is 1951 96Laclede Gas g Bs May 1919_F( A 9 --F 993% 100
901 92 Ref A eat g Ss 1934___ Aee() 95 05191 lot col & ref g 7e Jan '29F &A 100.1 10034
Lacombe El lst M 58'21 MAN 95 10083 89 Lake Roland Elev—See Un Rys A Elec
Lake Se Elec lot con g So'23Jete 75 8275 81 len g Is Feb 1 1933__ _FAA (32 7094 98 Ler & Clev g lis '27 op '17.J&J 80 9094 90 &tad Front A So 5s 19313_JA.1 55 6585 921 eel Frem&Nor5s'20op'05J SO 92 96
95 Lake St Elov 1111—See Chic A 0 ak Pk Elecity Laacaster Co ity & Light—
Coll It So 105195 97 Lansing Fuel & Gas 3s '21_ Alacktj) 92
95
92e4 94 Laurentide Power, Ltd —87 89
80
70
90 (3% gold notes 1927&A 74
80
Po,,ver Securities Corp-80
Valley Transit-
1st e 1 g Sts 1946 op 1020_ MO 87
let el g So Dec '33 opt _ ... 3#1,1c6 0534
_79_06:
L
iLehigh
..
1st el g 4s Dec '35 opt. elere 801 8383 89 Con8 g es 1935___IAD 75 78
Ref Jr !not glis 1900___ _Jetz I) 8e 8255 62 Coll It 60 1923
LewLsten Augusta A Watervjt" ill
85 88 Leeiugton Ave & Pee For—See N 1( It70 75 let A re
-7f g 58. 1937 op_ _AA() 001
lea G L A Coke Lox A Bost lot g 41s '20_ AAOLexingten (Ky) Ely—See KY Tr & Term
83 83 Lincoln 0 A EL lot Ss 1941 JAI)Lindell Ry—See Milted 1tys (St La old)
50 Little Rock Gas A Fuel-75 Ref Os Nov
1937M" 93 97
Little Rock Ely & Elec-1st g 53 19:33 op 1908_ _AA() 85 871
85 91 that A ext g es 1938 _ _AA0 8081 90 Lockport A Olcott Ry—See lint Tree (13 (Maio)
Lorain A Clev It It—See Lake Sh 1,11tic II y95 100 Los Angeles Gas & El Corp —87 93 lot & ref g 58 1939 opt__ NUS 90
LO9 Ang & E 5s .34 _J&J 87 1 90 94 Los Ang Ltg 58 Apr11'24 A&O 953'1
on Tr o f Ind Los Aug Pac Co—See Pac El ity
e 83 92 Los Angeles Ry Corp-
75
Los Aegeles A Pautelena—S le Pac lei cc
853-1let A ref a t g 3s, 1.940-0 1A 761Loo Aug Ely So g 1938_ _A3c0 (J)d 1ag Tree let g 519'38 JAD
92 Louisville Gas A Electric-1st & ref 7s 1923__JAD 100 101
70 80 7% gold notes 1920 _ _ __NliltS 96 99
et 90 Louisville Ltg 3,1'53 unettel eerie 89 961 Loulev Home Nine ie '22 .Jilzell 911 . 9. 3:82_i - -60
Loewe a V., r2v f- 0, 5.0 ); I en
Ask.
96ee91
40
703e
83 80See Mte hIgau(Jutted Itys
88 9382 85
70 7577 82
65
Tule price iticiueee accrued interest. e Last sale ft Nominal. s Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.] GENERAL QUOTATIONS-PUBLIC UTILITIESNOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Nassau & Stiff Ltg 5s '45 ._P&ANat L 11 & P 55 '19 Set B __J&J
8790
90 Northern Texas Electric Co- Coll ire f g 5s 1940 opt __J&J 82 85
Gen M be 1950 P&ALouisville Water—See under Lo
80ulsville,
82%p.50
Coll trust 5s 1920 Set C__J&DCent Ind Ltg 5s 1927 .__M&N
9065
.._- ...75
Northern Texas Traction Co-let g 5e 1933 opt 1913__ J&J 86 91
Low Law dr Hay—See Bos&NorLuzerne Co (Pa) Gas & Elec-
St Ry CityG&E(Peris,I11)58'35 A&OJerseyville III 5s, 1935 P&A
7565
8575
Nor Westch Ltg 58 1955_ __J&D North find Co Ry—See Public Service Corp
1st ref&imp g 5s'48op'13 Adr0Lykens Val L & P 6s 1945_ M&SLynn & Boat RR—See Boa &
8083
or
88 National Properties Co--90 Coll tr 4-4 %-530 1946 _J&J
Nevada-Calif Elec Os I946_J&J 88 96
North Hudson Lt, H & P Co (Hoboken, N J) 55 1938_A&0
North Jet St Ry—See Pub Serv90
CorpMacon Railway & Light Co--
1st cons g 5s '53 opt '08. J&J 80 85Nevada-Cal Pow 68 1927_A&ONewark Gas 60 Apr 1 1944...Q-.1
92110
96113
North Shore Electric Co-1st g 55 1922 op 1912_ _ _A&O 93 96
Madison Co (Ills) Lt dr Power- Newark Cons Gas con 55 '48J& D 90 95 1st & ref g 58 '40 op '20_A&O 84 901st g 5s 1938 J&D 86 90 Newark Prue] Ry—See Public Be rv Corp North Shore Gas Co of Illinois—
Madison(Wis)G&E g 6s'26 A&O New Bed Middleb & Brock—See Old Col St Ry let g 59 1937 opt P&A 82% 85%MadRivPow let5e' 35gu op_ F&Abfahouing & Shenaugo Ry&
93 96 New Bedf & Onset 1st 5s'22..I&J New Brunswick (Can) Pow Co-
87% North Texas Gas (Jo—let 6s 1919-1932 A&O 92 97%
& Mah Val 5s '22_M&NYoungot Sher Ry&L53'31 J&J
94 97 1st NI 5s 1937 M&SNew England Elec Securities
82 87 Northwestern Elevated (Chic)—1st M 55 1941 opt___NI&S 71
Manchester(NH) Tr L & Pow- lst coil tr 59 Jan 3 1932_ _J&J3 80 83 Union El (Loop) Si g'45_Adr0 1st cons 5s 1921 A&O
Manhattan El con 4s g'90.. A&O9772
9873
New England Power-1st m s f 59 1951_______J&J 91 93
Northwestern Pennsylvania Ry1st g 5s 1941 M&S 75
Stamped tax-exempt 72 743-i New Eng Tel & Tel 5s 1919_ Adz() 99 Northwest Gas .L&Coke (Chic)2d g 45 2013 J&D 69 74% 49 Jan 1930 J&J 86 Cons g be Dec 1 1928___Q-M 90% 93%
Manila Elec RR & Ltg Corp- 53 gold Oct 1 1932 ____A&O 93 943 Cicero Gas gen&ref 55 '32 J&J 80 87%1st lien & col tr g 15s '53_M&S 75 80 N IT & Centrev 1st 15e g'33_M&S 92 Norwich(Ct)Gas&E g 5s'27 J&J
M&S Manila Sub Ryelst els 194& M&S New Haven Wat 4%s 1962_130 94 96 Norwich St Ry 1st g be '23 A&O 95Mfrs Light & Heat (Pittsb)—Mort & colt tr g 68 '19 -'20A&O -
N J & Hud Riv Ry & Ferry-1st gold 4s 1950 opt____Al&S
Oakland Traction Co— Gen con 5s Jan 18 '35__J&J18 30 37%
Man'fre Wat (Pa) 59 1939_J&D 97 99 N J Pow & L 5e 1936_ F&A 80 85 Oak] Tree C0119 5s 1933—J&J Market St Eley Pass Ry—SeeMarket St Ry (San Fran)—SeeMaryland Electric Rys—
Phila ItUnited
TranRRa
New London G&E 5s '27__ A&O2d M 59 1929_ A&OConsol & refg 5s 1933 _
949288 --
.
Oak Tran 1st con s f 58'32 J&J Oak Tran let con g 55 '31_J&J
Ogden Gas 55 1945 M&N
62%7183
lst f g guar 5s 1931 red_A&OBait & Ann S L 5s 1946_F&A
Massachusetts Electric Cos—
8950
903/i60
New Milford Pow 1st 59 '32 F&ANew Orleans Ry & Light Co—Gen M 43-43 g 1935_ J&J
96%
58%
100"
59%
Ohio State Telephone—Cons & ref s f 40-55 '44__J&JCony 7s Dec 10 1922 _J&D
8697
90100
Col tr 6% notes 1918_ _A&OMassachusetts Gas 434e'29_J&J
f 5092
6093
Ref&gen5s'49op'19serA M&NPenn tax exempt
35 Oklahoma Gas & Electric— let M g Ss '29 op aft '14_A&0 88 91
Deb g 434s Dec 1931____J&J 8534 86 Deb g gu Os 1918 opt___J&D OklahomaNat Gas Ser 6s.._M&S bfcGavock & Mt Vernon—See Nash It y dr Lt Canal & Clalb 1st Os '46.M&N 100 Oklahoma Ry-Memphis St Ry con g 5s '45_J&J 52% 57% N 0 Cy RR—Gen g 58 '43J&J 83 1st & ref g 5s '41 opt '21__J&J 79 85March Ht & Lt (Indianapolis)— N 0 Cy & Lake 5s 1943.J&J 93% Old Colony Gas 1st 59 1931 J&D Ref g 5s Oct 1 1922 optAdr0 88 92 NO&Carroll cou5sFeb'33.J&J 92 Old Colony St Ry ref 4s '54_3'30 50 55
Metropolitan RR—See Wash RyMet St Ry—See N Y Rye
& Elec Edison El 1st 59 1929__J&JNO Pow-House Co 5s '41.J&J
83 Omaha & Council Bluffs Stay-1st consol g 5s 1928 J&J 74 80
Metropolitan West Side "L"- 11 St Charles St 1st g 49'52__J&J Omaha & Court Bluffs Ry & Br1st gold 48 1938 F&AExten gold 49 1938 J&J
1st cons g 5s Jan 1 1928__J&JOmaha EL&P 5s '33 op '08.J&J
7488
8092
Mexican El L 1st Mg bs '35 J&J 1 50 60 NewpitNears&Old Pt Ry & El Ontario Pow 55 '43 op to '13P&A 893-i 93Mex Lt & Pow 1st 58'33 at P&A 1 45 30 let g 54 Nov 1 1938__M&N 88 Deb g 68 1921 opt 1910__J&J 95 9734Mich City G&E Se '37 op'10J&J Michigan Light 1st Ss 1946_M&S 84 89
Gen g 5s Mar 1 1941__M&S New Vinmetsurgh & Flatbush-See Bicl yn It T
Ontario Transmission Co, Ltd—1st gu g ISs '45 op bef'16_M&N 81 87
Michigan Nor Pow 1st 58'41.1&J 86 00 N Y Gas Elea L H & P Co- Orange & Passaic Val Ry—SeeP ub Sery CorpMich Ry 6% notes 1919 __J&D 3 70 90 1st g 58 Dec 1 1948 J&D 91 9334 Oregon Electric R-Mich State Telep-5s 1924.F&A 90 92 Per mon col tr 43 1949._ P&A 71% 73% 1st g 55 1933 opt-------M&N 65 75Michigan United Rya- Ed El Ill,N Y, con g 58'95J&J 100 Oro Elec Corp 1st fie '51 op A&O
1st & ref gold 5s 1936_ _ _ M&N Central Un Gas 58 g 1927.f&J 90 95 Ottawa Elec let g 5e 1933_ _J&D Jack & Bat Crk 1st be '23_ J&J 90 95 Equitable Gas 5s 1932 96 102 Ottumwa (Iowa) Ry dr Light-Jack Cons Tr 5s 1934__M&N New Amster Gas 5s 1948 J&J 78 83 1st dr ref g 5s 1924. J&J 90 94%Mich Traction 1st Ss '21_J&I NY&ER Gas 1st g 55 '44_J&J 88 91 Ottutn Tr & L let be '21_A&O 95 98Mich Trac Ext 1st 5s '23_ J&J
Middlesex & Boston St Ry-Con 1945 J&J
NY&Westch Ltg 4s 2004_J&J8663
9166
Pacific Coast Power-let M g 5s 1940 op 1915_M&S 85 90
1st & ref g 4%s 1932 opt..J&J Deb g 58 1954 op guar_J&J 75 80 Pacific Elec Ry g 55 1942.. _J&J 7834Middle West U Os Jan 1 '25A&O14111vale Etna & Sharps—See PMil El Ry & Lt-59 1926.... F&ARef & ext 4%s g '31 opt_ _J&JGen & ref g bei 1951 opt__J&DMilw Light, Heat dr Tree-
86hila Co
977880
90
793484
North Un Gas /Ss 1927_M&NStandard G L Se 1930__MAN
N Y Municipal Ry Corp-let M 5s 1968 J&J
NY & NJ Telep be g 1920.M&NN Y & Pa Telep & Teleg Co-
8586
4597%
9092
Los Angeles Pacific Co-let ref g 481950 opt'15..J&JL A-Pee RR con 58'31 A&OL A Pa RR Cal 5s '43_ M&S
Los Aug dc Pas 5s g 1928...1&JPacific Gas & El ref 55 '42_J&J
608370
n 70'86%
65
871st g Os gu 1929 opt__MdeN
Milwaukee G L 1st 4s '27_ M&N9087%
9490%
1st gold 58 Feb 1 19213___ F&AGen S Fd g 42 Nov '29__M&N
90 75
Pacific Gas & Elec (Arizona)- 1st M Os Jan 1931 J&J 83 97%
Minn Anoka & Cayuna R'ge RR N Y & Queens Elec Lt & Pow- Pacific Gas Imp 4s Sept '30 Q-M 1st 5s 1935 M&N 90 93 1st cons g 5s Aug 1 1930_F&A 89% 95 Pacific Light & Power Corp-
Minneapolis Gas Light- NY&QueensGas 1st 55 '34 F&A 72 77 1st & ref et g tis 1951 op_M&S 88% 901st gen 55 Feb '30 op '14 M&S NY & Queens Co Ry 4s'46_A&O Pac L & P Co 1st iSs '42_ _J&J 90 93
Minn Gen El 1st be '34 op . _J& D 92 95 Steinway Ry—Ist g 68'22.J&J Guaranteed 90Minneap St Rys—See TwinCity Rapid Transit New York Railways— • Pacific Pow & L 1st 58 '30_F&A 87 92Mississippi Riv Pow 5s '51_J&J 79 80 1st R E & ref 49 '42 op'16..J&J 41 433( Pacific Teleph & Telegraph—Mississippi Valley Gas & Elec— Adj inc g 5s Jan 1942 ..A&O/ 123 14 lst&col tr s f g 58'37 op'22.J&J 93% 94%Coil tr 158 May 1922 opt_M&N 85 88 Bleeck St & FF 1st 49 '50_J&J 40 60 Paducah T&L col tr g59'35 Mar N 70
Missouri Edison El 55 '27_F&A Bway&7th Av Cone 55'43J&D 77% Parr Shoals Pow Si 1952__Adr 0 76 80Mo El Lt Eis May 1921_ _Q-M Bway Surf RR 1st 5s '24_J&J 91 Paterson Ry—See Pub Set Corn
Mobile Elec 5s '46 op '10_M&N 77 82 CenCroestown 1st 68'22.M&N 80
%
90 Paterson & Passaic Gas & ElecMobile Gas 1st 5s 1924.. 85 90 Ciarls&lOth St lst48'18A3r0 Consol g fle 1949 M&S 90__J&JMob Lt & RR-1st g58'37_J&D 90 92 Col & 9th Av 1st 55 '93__M&S 68 70 Pawtucket Gas 45 1932__M&N 80 85Cons g 581941M&S 90 91 Eighth Av cart bad 68'19. P&A Peekskill Lt & RR-5e '30.A&O 92
Monongahela L&P as '49.. J&D LexAv&P Fy 1st 5sg'93.M&S 74 Pennsylvania Ltg be 1940 _J&J 86 , 90!Monongahela St Ry—See Phila Co SecondAy con 3s g'48 gu.P&A f 1% 3 Penn & Mah Vall—See Matt & Shen R y & LtMonongahela Valley Traction-
1st M g 55 1942 opt 83 85Trust Co ctfs of deposit_
South Ferry 1st 59 1919_A&O1 1% 3 Penn Wat & Pow a 1158 '40_J&J Penn Public Barr 5s 1902_ P&A
903,83
913f92
Gon rntge 7s 1023 J&J 97 100 Tar W P & Mam 5s g '28M&S1 Pensacola El Co 1st Si '31_F& A 80 SiMontana Power-
1st &ref s f 55 1943op'18_J&.1 92% 923jThird Ave—See under "T."34th St Croset let 5e '96_ A&O
People's 0 L & Coke, Chicago— let con g6e 1943 _ A&O 100
Montreal Lt, Ht & Power Co— 234 St. Ry. Ss 1962 ____J&J 55 65 Refunding gold 55 1947_M&S 75 77lst&col tr g 438'32 op'12 J&J k 87 N Y & Rich Gas bs 1921__M&N Chic G L dr C 1st be '37 _J&J 90Gold 5s 1933 op 1913......A&O 86 89 NY&Stamf—lst g 55 '31._A&0 Consum Gas 1st g 5s '36 J&D 9:
Montreal Tramways & Power— lst&ref g4s'58op at'14gu NI& N Ind Nat GdrO g 55 '36gu M&N Coil tr 6% g notes 1919 _Ada) 99 100 New York State Rye- Mutual Fuel Gas g 53'47 M&N
Montreal Tramways- 1st con g 4349 '62 op '13M&N 62 People's Trac—See Phila R T1st & ref g Se 1941 opt__ _J&J 83 N Y & Suburban Gas—See West chester Light 'g Peoria Bloom & Champ Trac-Montreal St Ry 43-0'22_ F&A k 97 NY Tel 1st 4%8'39 tax ex.M&N 89% 90 lst g guar 5s 1936 M&N 92 98
Montville St Ry-5s 1920_ M&N 93 Deb Os Feb 1949 F&A 99% 100 Peoria G & E bs '2309 '08.. J&J Morris Co (N J) Traction- N Y Westch & Boa Ry—See St earn It R9— Peoria Ry be '20 to '26 gu_P&A 8.5 90
1st ile J'ne '15 1935__J&D 15 Niagara Falls Pow 5s 1932.J&J 93 102 Peoria Water Works Co-Morrie&Sornerset Elec5s'40A&O Mt Wash St Ry—See Phila Co
Refg & gen OsJan 1932 A&O Niagara Lockport dc Out Pow-
102 Prior lien 55 1948 M&Nlet con 4s 1948 M&N
9055
0360
Muncie El L 1st 58'32 op '12.130 88 92 lets et g 58'54 tax-exempM&N 93% Petersburg Gas be 1931___A&O 87 92Muncie Hart & Ft Wayne Tr— Norf & Atl Term—See Valty&P Philadelphia Company-
let g 5s 1935 opt 1925_ J&J Nod &Ports Tr—See Vs Ry &P 1st coil trust g 58 1949__M&S 100Muncie&UnCTr—See Ind Un Tr Norf Ry & Lt 1st 53'49 __M&N 93 94 CMS mtg coll tr g 53 151.M&N 86 88Municipal Gee & Elec, Roch-
1st Mg 434e 194209 '12_ A&O 75Norfollc St let g Si 1944_ _J&J
North Carolina Elec Power-97 99 Cony deb g 5s 1919 F&A
Cony deb g be 1922 opt_M&N 87985491
Municipal Service Co--S tr g 5sMar'42op'15M&4
Muskegon Tr.& Lg. 1st 1931M&8n 80
7886
1st sf g 55 Oct '40 op '18 A&North Carolina Pub Serv Co
--82 let & ref Si 1934 opt ._._A&O
85
73
90 ' Ardmore St bs 1958____A&O Central Trac let be 1929_J&J
87 Citizens' Tree let 5e 1927A&0 Muskogee Electric Traction — Sallsb & Spencer 5s '45_ _MtN 73 87 Duquesne Trac 1st 51 '30_J&J s 90
1st s f gold Ss 1934 ....M&N 78 North Cal Pow be 1932 ___J&D 92 93 Fed St & P V Ss May 1 '42J&J Muskogee(Okla) Gas & Elec- R & cons s f 154 '48 op '15 J&D 80 Ft Pitt Trac let 5s 1935_J&D
1st & ref 55 1926 op '09__J&O 90 95 Nor Canada Pow 6s 1928__J&J 96% Mille Et & Sh 58'23_ M&N Nashville Railway & Light — Northern Illinois Lt &Tree- Monong St Ry Si g 1928.J&D a 90Cons g 58 1953 opt 1908 ._J&J 89% 1st M gold 58 1923 guar _J&J 87 93% Wilk&EPit 1st g58'29 M&S Ref awl ext gold 58 1958 .J&J 70 74 Northern Ohio Trac & Light- Mount Washington St Ry-Nashville St Ity 59 1925__J&J 93 06 1st consol g Si 1933 80 85 let & coil tr gu Si 1933.A3r0 70Edgefield St cons 6e 1920_ J&J 99 102 1st consol g 43 1933 75 80 Pitts Aileg & M gun 5(3'30A&0 McGavock & Mt Vernon— let I & ref .5s 1956 F& A 83 863( Pitts & Bir Tr 58 g 1929_ M3r N Bummer St IstM (13'26_J&J 99 103 Serial 7s 1919-1928 J&D 95 100 B IC & A Trac Os 1931.1M&S 2d series Os July 1937__J&J 99 105 Nor Ohio con g is 1910. _J&J 96 100 Browns,' Ave 5s 1928_ F&A
Nashville Water is 1928_.. J&J b 4.80 470% North OntL&POa Apr '31_J&J 77 82 W Liberty let g be '30_J&J Nassau El RR—See Bklyn Rap Tr Northern States Power Co- Pitts & Charleroi 5s '32_ M&N Nassau Lt & Pow let 58'27 A&O 1st & ref 58 1941 A&O 89 90 Pitts Trac 1st 54 1927 ..A&O
6% 'total 1926 A&O 92 96 SoTrscIst3reoll tr g be'5,15.&0 7% notes 1923 F&A15 98 100 The 21 lire Tr be 1934 .J&J) s 00
'This price includes accrued interest. k Last sale. n Nominal. tin London. a Sale price. min. Minimum prices established on MontreaStocklExchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
42 GENERAL QUOTATIONS-PUBLIC UTILITIES [VoL. 108.NOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Philadelphia Co. (Concluded)—United Traction 53 1997_J&J West End Trac con 50 '38.J&J
Philadelphia Electric-1st M 5s 196S A&O6% gold notes 1920 F&A
Philadelphia Rapid Transit—Coll tr g 50 1957 opt a f F&AS f guar g 59 '62 opt '17_ M&SDarby Media & Ches St Ry--
1st 4%s '36 opt '16 git_J&JMarket Street Elev Pass Ry-
1st g gu 4s 1955 M&NUnion Traction—
Bloc & Pen 4s tr ctts'45A&OHest Man & F 5s 1924 M&NPeople's Traction Co—P P Ry tr ctfs 4s '43 P&AW Phil Pass 2d 5s '26.MAN
Philadelphia Suburban Gas dr El1st M dr ref g 5s'60 op'15.P&A
Philo & West Chester Tr—Mtge gold 49 1954 J&J
Philadelphia & Western Ry-1st g 5s July 1 1960__J&J
Pitts Alieg & Man—Sea PhilaCoPitta & Birm Tr—See Philo CoPitts & Charieroi—See Philo CoMcK&Con—See W Penn Rys
Pitts Teac—See Philo CoPortland (Me) El Ss '26 optF&APortland (Ore) Gas dr Coke—
lit & ref g 59 '40 opt '20_J&JPortland Gas 1st 53 1951 F&A
Portland (Me) RR-1st con 33s 1951 op '31_J&J1st 1 & con m Bs 1945__M&N
Portland Ry Lt dr Power-1st A ref a f 5s 1942 op_ _ P&APorti'd Ry ref lis '30 op_ M&N
City & Sub con 4s '30_J&DPert Gen Elec 1st 5s 35-I&J
Portland (Me) Water 4s '27F&APorto Rico Rys, Ltd-
1st g ISa Nov 1 1936 op . MAN Porto Rico Telep 6s 1912_ _J&Dk'otomac El Pow 58 '29 op_ J& DCons M g 5a 1936 guar _J&JDeb gold 6s 1925 J&JGem /Mee 6s 1923 J&J
Prescott G dr El 1st 6s '40_ _J&JPrey. Secur.—see Steam R.R's_Public L A Pow 1st 5s 1945F&APublic Service Co of Nor M—
I44 dc ref g 53 1950 op'21_Adr0Public Service Corp of N J—
Trust cents 0% perpet__M&N5% notes 1919 M&SGen g 5s Oct 1 1959 op_ _A&OCamden Sub 1st 58 1946..J&JCons Trac 1st 5s 1933 J&DElie Plaint & Cent Jer Ry—
lit g 50 Dec 1 1950 J&DElizabeth & Trent 58'62 A&OJ C Hob A Pat 4s 1949_M&NNewark Pass con 5s '30_ _J&JNewark Term Ry 53 '55_J&DN Hud Co Ry cons 58'28-Lit.12d 5s ext to 1924_ .._M&N
Nor Jer St Ry 4s 1948_M&NOr & Pass Val 1st 5s '38_J&DPaterson Ry—Conesg'31J&D2d fis '11 ext 5% to '44A&0
11 Tr St Ry 1st M as g'21A&ORiverside Trac 5s 1900_J&DSo Jersey Gas El & Trac—Guar g 5a Mch 1 1953 M&S
Pashto A Sub Tr & Ltg—lit s f 53 1922 A&O
Puget Sound Power Co—let g gu 5s 1933 opt_ _ _J&D
Puget Sound Tr L & Pow-7%:a f g notes 1921_ _J&DPuget Sound Electric Ry-
1st consol g 5a '32 op_ P&ATacoma Ry&P 5s '29 A&O
Quebec Ry L H & Pow—Cons N 58 1939 opt J&D
Queens Borough (NY) Gas & ElGen M gold 58 1952 J.,10
Quincy (Ill) Gas Elec & Heat—let cons g 5s 1935 op '10_M&S Quincy 0 dr E 5s 1929M&S
Racine (Wia) Water 5s '31.M&NRap Tr St Ry—See Pub Ser CorReading Trac 8s 1933J&JRead& Worn--lst 58 g '23 J&J
Rhode Isld Sub 40 '50 J&JRichmond (S I) Lt & RR-
1st coil tr g 4s 1952 Mrs Rio de Janeiro Tram L & P—
lit g as 1935 J&JRiverside Trac—See Pub Seri CRoanoke W W 65 1930_ J&J3% notes 1919 MAN
Roch G&E 2d 43-3'20op'10M&S[loch Ry & Lt 59 '54 opt _J&JTax exempt Rech Ry cons 5s g 1930_ A&O2d 5s g 1933 J&D
Roch Syr & B let 5s 1945_ MAN Rochester Telep 1st g 55 '20.J&JGen 58 1933 A&O
Rockford (Ill) Electric Co—ist & ref a f 5s '39 op"14 M&S
Rockford & Inter-Urban Ry—lit g 58 1922 op 1907 A&ORockford & Freeport 1st g guSi 1923 op aft Feb '10 MAN
Rock B & J 1st g 5s '3OgnA&ORumford Falls Pow 45 Octl 1945 Rutland RyL&P 1E453'48 M&S Sacramento Elec Gas dc Ry—Cons 5s Nov 1 1927____MAN
Sacramento Gas 6s '19-40_A&O Saginaw-Bay City Ry-
1st Jr ref g 5s 1935 M&S Saginaw Val Tr 5s 1920_ FAA
St Charles St RR—See N Or RySt Clair County (III) Gas At El-
1st cons guar 53 1959 _ MA's
933/i9931
8484
82
79
6990
7595
90
70
91
92
85-- ---
n 60n 83
7575
92
909593%959787
80
87
8498789290
767660929091)856085100989576
85
93
8S
98
7879
82
1009060
83out
9296W.9688889190
9064
n 87
80
8080
f
96
& L
70
3 50
94100
8989
83
7094
80100
92
75
98
95
90
6585
8080
94
lc 8094
93%999895
82%
88
8899809593
806595
65
- - -- -
30
88
98
93
99%
8584
00
87
1029570
53
9597%
9090
92
87
3787
05
82
80
St Joseph Gas—let 59 1937_J&J St Joseph Ry Lt Heat & Pow—
let g 5s Nov 1 1937_ M&NSt Louis RR—See Un Rya (StL)St Louis Springf & Peoria RR-
1st & ref gu g 5s '39 op__JarDSt Louis & Springf tis '33_ J&DSpring & N E Tr 58 1936 .J&D
St L & Sub Ry—See Un Rys (StSt L Tram—See Un Rys (St L)
St Paul City Ry—See Twin CitySt Paul Gas Light—Goa gold 53 1944 M&S
St Petersb (Fla) Ltg 68'45_J&DSalisbury & Spencer—See No CaSairnonRivPow gu 58'52 opF&ASalt Lake Term Os 1935 J foc D San Antonio GAR 5s '49 _M&SSan Antonio Water Supply—
let & ref a f 5s '33 op'13_F&ASan Diego Consol Gas & Elec-
1st g 58 1939 opt 1914__M&SDeb as 1922._ J&D
Sand Frem &.So Ry—See LakeSan Fran G&E 4%s 1933 MANNot callable
San Fran Oak A San Jose Con—Con 5o May 19 1938 M&N19F 0 dr S J Re 1st 53 '33_102d M g 58 1933 s f .14d
San Joaquin Lt & Pow Corp—let&ref g Ss '50 Ser A op_F&A
Series C San Joaquin Light & Power—
let 58 1945 op aft '10_ _J&DSantiago (Cuba) Elec L & Tr—
let g Os 1959 opt '19 J&JSao Paulo Tram L & P, Ltd—litg tie June 1 1929J&D
Savannah Elec Co 5s g '52_J&J Sayre (N Y) Elec fis 1947__A&O Schenectady Railway Co—
at M 5s 1946 op '19___M&SSchuylk Trac—lst 58 1943 A&O Scioto Vail Tr 1st 5s 1923 M&SScranton Eiec 5s '37 opt '12.J&J
Scranton Ry—let 53 Nov'32J4rJGen g 58 1920 opt M&NScrim Trac lot 6s g '32_M&NScran & Curb Tr let Sc '23J&J
Seattle Elec let g Sc '30 op FAACon & refg a f 58 1929___F&ASeattle Ry 5s 1921 opt_ _ M&N
Seattle-Everett Traction-1st M g 5s 1039 op '14_ _M&S
Seattle Ltg lot 59'44 op 10_M&SRef g 5s 1949 opt 1914__AStO
Second Ave—See N Y RysSecond Ave Trac—See Philo ColSeneca Power Corp Os '46_ M&SSharon & New Castle Ry—
lit g Bs guar 1931 J&J Shawinigan Water & Power-
6% con g notes Dec 15'19 J&DShrevep Rys—lst 58 '19-'44J&JSierra & San Francisco Power—
let g 58 1949 opt.. FAA Sioux City Service Co-
1st A ref a f g 5s '28 op_ J&J Sioux City Tr 1st 5s 1919 Jdc.1
Somerset Un At Middlesex Ltg—Mtge g 4s Dec 1 1943_ __,J&D
So Bend dr Mishawaka Gas--Cons g tis 1926 opt 1908__J&J,
South Carolina Lt Pow & Ry—lotf g Sc 1937 opt__ _ _MAN
South Coy & Cin St Ry-See CinSouth Ferry—See N Y RyeSouth Jar G E & T—See Pub SexSouth Sh & Bos St Ry—See OldSo Side El 4%a 1924 op '10_J&JSou Yuba Wat—Con 63 '23..T.A.1Southern Bell Telep & Teleg-
1st e f g Se 1941 op '16___J&JSou B'vard—See Third Ave ElySouthern California Edison—Gen g 5,3 Nov 1939 opt _.J&JCony deb 6sMar15,'20 M&S15Gen & ref 2-yr Os 1919_ _J&J
Gen A ref g Os 1944_. FAA ISouth'n Counties Gas Co of Cal
I 1st g 5%s May '36_ MAN 6% notes Dec 1919 J&D
Southern Ills Light A Power-1st M Os 1931 op.. JAY
Southern Light A Traction—CoIl g 5s 1949 opt __ _ _M&S
South N E Telep 1st 58 '48.J&DSouth Ohio Tr—See Chi Day &Ssethern Pow 5s 1930 opt _W168Southern Sierras Power—
let if g gu Os Sep'30op'18 J&JSouthern Trac—See Phila CoSouthern Utilities 6s 1933_A&0Southern Wise Pow 5s '38_ A&O
Southwestern Gas A Electric-1st & ref of 59 1932 opt _ _F&A
Southwestern Power & Light—let lien .53 1943J&D
Southwest MI8301111 RR— Gan & ref 5s 1931 M&S 13 W Me El Ry ref 5s 1923_MJcS Spokane & Inland Empire RR
let A ref g 53 1926 opt.. MANSpringlIeleWater-5s g'26.A&OSpringfield (0) Lt Ht & Power—
lit sfgss 1929 op 1914_ FAA Gen & ref 58 1933_ A&O
Sprint & N E Tr—See St L SpriSpringfield (Ill) Ry & Lt Co—
Coil Sr g 5s 1933 opt_ J&D Springfield (Mo) Ry & Lt Co-
1st o f g Ss 1920 opt__ __ M&N 7% notes 1921 _ Springfield (0) Ry lit 5s '35M&S
1st m 5s 1919-1935 __M&SSpring Val Wat ref g 4s '23_J&D
Standard Gas & Elac of Delaw—Cony a f g Os 1926 opt _ _ D6% gold notes 1935_-__A&07% gold notes 1921_ _ _ _ M&S
81
659090
L)
R T
8883
r Pub 887
n 84
vi 85
8791
Sh El8985
61%
9895
92
80
5775
85
929480859393908595
808780
90
10290
80
65
85I
75New &
Corr)Colony77%102
92
879693%
8597%
96%
98Tot Tra
88
95
83
81
83
6595
ngf & P
75
BMW92%
948198
709595
9290
erv90
90
89
9396
Ry90
7339
10098
93%
85
k 806385
88
969885909893959098
859285
98
1923
85
85Coy Ry
St Ry79
_ _
93
92100993-i98
9099%
98%
ct92
98
85
86
87
7098
aorta—
70
80
04%93
10080100
Steinway Ry—See N Y & Qu CoSuburban Gas Co of Philo—
f g 5sApr l'52op'07_A&OSuperior Water Light & Pow—
lit 4s May 1931 MANSyracuse Gas g 5s 1946____J&JSyracuse Lake Shore A Nor-
1st M g 53 '47 opt '17_M&N Syracuse Light g 5s g 1951_J&DSyrac L & P coil Sr 5s '54__J&JSyrac Rap Tr let g Se 1940_ M&S
2d mtge g 5s 1930 J&JTacoma Ity & P—See Puget SonTacoma Wat Sup 1st 5a '25.J&JTampa Electric Co-
1st M g 5s 1933 a f op__J&D Tampa Gas Si 1937 opt_ _MAN
Tar W Pi & Ma Ry—See N YTerm Pow gu Ss 1962 opt_M&NTenn Water 1st 55 1946_ M&STerra Haute Indianap & East-
1st & ref LI f g 58 '45 op_A&OTerre Haute Trac & Light-
1st con M g 5a 1944_ __MAN Terre Haute El-5s '29__J&J
Texas Public Service Os '33_J&JTex Trac—lat a f g 5813'7opt JAJ Third Avenue Ry (N Y)-
1st ref g 4s 1960 op aft '14 J&J.Adj inc g 5e Jan 1960 op_A&OThird Av RR let 5s g '37_1&.3Dry Dock E ilway dc Batt'y
lit ifs gold 1032__J&DNew ref m Ser C income__
42nd St M & St N 1st 03 '1 0Ext at 5% to 1940__M&S
Sou Boulev g Sc 1945___J&J28thJ2e5h St5s196 ars A&O Union Ry 1st 5sk 1942 ._ FAAWestchester El let 5s g'43.1.A.1Yonkers Ely lot Sc 1946_ A&O
Thirty-fourth St Croestown—STide Water Power—Gen M Os 1920. FAA
Toledo Bowl Green & Southernlit g Si May 1 1921_ M&N
Tot From & Nor St Ry—See LakTol G E & H con lit gfis'35 A&OToledo Home Telep lis 1922.J&JTel & Indiana let 5s 1931_J&JToledo Trac Light & Power-
1st lien 7s 1920 . J&J2nd lien cony 73 1921___J&I
Tot & West Ely let g 50 '20_J&JTopeka Edison Sc Sept '30_J&JTopeka Ry-5s '30 op '15__J&JToronto Ely 4%e '19.'21__F&A Trenton G Jr El g 58 1049. _M&STrent St Ry—con g Ss '38 __J&JTrent Pass Os Sept30'31 A&O
Tr -City Ry A Light—Coll Sr a f g 5s 1923 AAO
1st & ref g 5s 1930 opt_...j&JTroy City Ry—See Un Tr (Alb)Troy Gas 2d Os 1923 FAAConsol 55 1939 MAN
28th & 29th Sts—See 3d Ave Ry 23d St Ry—See N Y Rys
Twiu City Rapid Transit Co— St Paul Cy—lat g fie '32A&0
let cons Os g 1934____A&OCable con 5s g 1937 _J&J15 Guar g 5s 1937 J&J
Minn & St P Sub 5s '24M&S Minn St & St Paul City—Cons guar g5s 1928__A&O
Twin City Telep Si 1920_ _J&J Twin States Gas & Bloc—
let & ref 53 Oct 1953___A&OUnderground Elec Ry of London4%s Jan 1 1933 J&JIncome 6s Jan 1 1948 .
Union Depot—See United RyaUnion El Lt & Pow Co of St L—
let g fis Sept 1 1932____M&SRef&ext Se 33 op aft'18_M&N
Union Files' RR—See NorthwestUnion Ely—See Third Ave flyUnion Ely Gal & Bloc Co Hill—Col tr g 5s 1939 cony op_J&J 5% notes 1019 _ A&O
Union Trac Co of Indiana—lit g 5s July 1919__J&JIndianap North'n 5s 1932 J&J
Union Utilities 5s 1944 op J&J United Elec Lt & Power, Bait—
lit cons g 4s 1929___M&NUmit Elec Co of N J 4s '49-1&DUnited Electric Securities Co—
Cell tr g Ss 1933 to 1943_ FAAUnited Fuel Gas 6s 1936__J&JUnited Gas A Elec Corp—Coll tr e f g Os 1945 A&O
United G & E of NJ 1st 51'22_J&J Wilted Gas A El(S11) 59'32..J&JUnited G & F Os 1923 J&J United Ilium Co New Haven—
let 4s Feb 1 1940__PAA United Light & Rys— let & ref g Sc 1932 op__J&D
Cony deb 65 1926 MAN6% gold notes 1920 opt_ _J&J6% g notes1920 Ser AM&N7% notes Apr 1 1923
United Power & Tran— Del Co & Phi Sr ctts4e'49 J&J
United Rye tr etre 4s '49 _J&JUnited Public Utilities (Del)
let Os 1943 _J&JUnited RRe of San Fran—S f g 4s April 1 1927.. _A&OUn Tr Co NY ctfs de_Interchats UnTrS141& 1q Tr
Market St con g 59 1924_ M&SUnit Rys & Bloc (Baltimore)—
let ceasol g 4s 1949._ __MASIncomes g 4e 1949 op '29 JABInc funding g 59 1936 .A.IrD
Ry
92
7090
823-s713-8878
ad Elec_
8880
Rys6078
908598
50%1 2887%
501
55
705070
ea N I
93
0 Sh Ei4593
n 90
08-10036
87
9480100
9783
100100
9696
90
70
77I 85St Lou
91%
Elev
7560
8771
8795
95
863-
86%800.19495
n 51)n 50
85
23213j21%723
733%5275%
b Basis. I This price includes accrued interest. k Last sale. tin London. n Nominal. s Sale price. vain. Minimum prices establ shed onMontreal Stock Exchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.] GENERAL QUOTATIONS-PUBLIC UTILITIESNOTICe.—All bond prices are "and interest" except where marked "1" and income and def
1st g gu 4e4s 1953___F&ABait Trac Co 1st M bs'29_M&NNo Bait Div 1st Se '42_J&D
Cent Ry con M g 581932_ MANExt & imp Sc 1932_M&S
City dc Sub 1st be 1922_J&DLake Ito El 1st Ss '42 M&S
Untt Rye (Phtla)—See Unit P &TUnited Rys of St Louis—Gen g 4s July 1 1934____J&JCass Av & F Gds 1st be 1912Ext at 4%% to 1922__JdcJ
Lindell Ry 1st g be 1911exten at 4%70 to '21_F&A
Compt HUD&M Per Os '13Ext at b% to 1923__ .J&J
St Louis RR (B'way) Ssext at 4%% to 1920_M&N
Union Dep cou 68 g 1918_ J&D L & Sub let Se g 1921 F&A Gen g Ss Apr 1 1923 gu Adc0
StLouts Trans Co5s1924 A&OUnited Rys Investment Cq—
lit lien coil tr s f g Ss '26 M&NS Pub Serv let 6s '27__F&A
U S Telephone—let 7s Dec 1 1921 J&D
United Traction (Albany)—Deb g 4%s 1919 M&NCon g 4s 2O04....J&DTax-exempt
Albany Ry con M Ss g '30 J&JGen g Ss 1947 J&D
WTurn&RII. 1st g Os '19 M&N2s 6s 1919.. _____ M&N
Troy City Ry Ss g 1942_A&OUnit Tr (Pittsb)—See Phila CoUnited Tr & El (Prov) 58'33 M&S United Util let 6s '43 op '18 J&JUtah Gas&Cokelet5s'36 optJ&JUtah Lt & P cons g 4s '30_J&JUtah Lt & Ry (Salt L City)—Cons Ily & P let Se '21__J&J
Utah P dc L lot So 1944._ F&AUtah Securities Corp-6% notes Sept 15 1922_ M&S
Utica El L & P let Ss 1950_ J&JUtica Gas&El ref&ext Bs '57 J&JUtica dr Mohawk Valley Ry-
1st g 4 eis 1941 M&SUtica Belt L 1st g Ss '39 M&N2d g Se 1931 J&J
Valley CountiesPow Ss'30_MANVentura CoPow let tis'36_MAN Vermont Pow & Ltg Ss '27_M&SVirginian Pow let Ss 1942_ J&DVirginia Ry & Power-
1st & ref g Ss 1934____ ._J&.1Norf & All Term tie '29 MS_Norf & Ports Tr So '36_ ...Lid)
Wash Alexandria & Mt Vernonlet a Ss 1955 opt M&S
Washington Bait & Ann El-1st M bs IVIch 1941 op.... M&S
Waiden (DC) Gas Se 1960.M&NWashliegtou-Idalio Vat L & P—
ist g Os 1941 MAN Wash Ry & El g 40 1951---J&DGeneral es 1923 .T&IAuacoat & Pot Ss 1949__A&OGuaranteed
City & Sub bs g 1948___F&AMetropolitan let Ss 1926 FAA
Washington Water Power Co—Consol & coil tr g So 1929_J&J1st refg g 5s 1939 op____J&J
Waterloo Cod Falls & No Ry—let M 9 f g Se 1940 op '15_J&J
Watervliet Turnpike & RR—SeeWestchester Elec—See 3d Ay ItyWestchester Lt let g ss '50_J&DN Y Sub Gas—let g6e'49M&S
West Cheater (Pa) St RI—M g be Aug 7 1932 F&A
West End St—See Boston ElWest End St Ry—See Boston ElWesterly L & P Ss 1937J&DWestern Light & Power—
let s f be 1925 MANWeseern N Y & Pa Trac-
1st de ref g Ss 1957 op '12_J&J Western N )( Utilities-
1st g Ss 1946 J&DW Ohio fly—lot 5s 1921__ MAN Western States Gas & Electric-
1st & ref Ss 1941 opt__6% notes Feb 1927 F&A
Western TAT Col tr g159132.J&JWest Un Teleg Coll tr Ss '38.. &SOFdg & REM 4s g '50.M&NMntUnfis ext at a %to'41M&NNorthw'n gu g 4s 1034.. J&J
Western United Gas & Ei—letkref 68 g 1920 to '50 F&A
West Liberty St fly—See PhilaWest Penn Power—
let M 5s '46 op '21 SerA M&Slet M Os 1958 Ser C J&D
West Penn Railways Co-1st g Ss Jan 1 1931 AA0 Pitts McKees & Connells RR
let cons g Se Jan 1 '31_ _J&JWest Penn Tr 1st as 1960_J&O W Phila Pass Ry—See Plata ItTWhatcom Co Ry&Lt 5s':35M&NWheeling (W Ye) Elec Co-
1st M 5s 1941 opt MANWheeling Tree Ss g 1931___J&JWilkes-BarreG&E 58'55opt..1&JWilkes-Barre & Hazleton RR—
lot coil tr g 5e 1951__M&N laWilkes & Wyo Val—Se '21 A&OWilkinsb & E Pitts St Ry—SaeWillapa Bloc Os 1923 JAJWilliamept Gas—let g53'39F&AWilmington (Del) Gas Co-
1st & retota lie 1949 op_M&S
9095
89100100100,100100100
50
94I
42
5586
99
8240408280949480
866574
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98
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9790
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95
89100
85
908896
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Winnipeg El—lot ref Ss '35 J&J Wisconsin Edison Co-Conv deb Os 1924 MAN
Wisconsin Gas & Electric-lit g fis 1952 opt 1919___J&D
Wisconsin Minn Light dc Powlet & ref Se 1944 op '19_ MAN
Worcester &Conn Eastern fly-let s f g 4%s 1943J&J
Wore Con St Ry 43s 1920.M&Slot & ref g 4e4s 1930_ F&ADeb g Se 1927 MANWore & Clint 1st g Se '19..Ext at 7% to Jan 1921_
Worc&SouthbStRy4 eis.22MAS Wore & Web St Ry 513 '19_J&D
Yonkers Ry—See Third Ave RyYork Haven Water & Power—
lot lis June 1 1951 J&D2d 6s May 1 1924 MANCons M be May 1 1957_ MAN
, York Rys—let Mg Ss 1937 opJ&DYoungstown & Ohio River-
let M g Se 1935 opt '15_ A&OYoungs-Slaaron Ry & L—See MZanesv Ry LAP—See Col New
PUBLIC UT1L STOCKS Par.
Adirondack Elec Power _100Preferred 100
Albany Southern RR corn.... 100 Preferred 100
Allegheny Tree—See Phila CoAmer Cities Co corn 100
Preferred 100Amer Dist Teleg (N Y).. _11000Amer Diet Teleg (N J) 100Amer Use & Electric 50
Preferred 50Amer Gas of New Jersey___100Amer Light & Traction 100
Preferred 100Arkansas Val Ry L & P pf 100Augusta-Aiken fly & El_ 100
Preferred 100 Aurora Elgin & Chicago..... 100
Preferred Bangor Ry & El common...10n
Preferred 100 Bay State Gas 50Bay State St RI lot prof.. 100Bell Telephone (Canada).._ 100 Birm Ry Light A Power____100
Preferred 100 Blackstone Val Gas & E 50
Preferred 100Bleack St & Ful Fy—SeeNYRyeBloomington & Normal Ry &
L prof guar 100 Boston Elevated RR corn......100
Preferred 100West End Street Ry com..50
Preferred 8% 50Boston Suburban Elec_(no par)
Preferred (no par)Boston & Worcest- glee_ (no par)
Preferred (no par) Brazilian Tr L & P Ltd 100Biway & 7th Ave 11R—See N YBrooklyn Rapid Transit 100Brooklyn City RR 10
Brooklyn Union Gas 100Buffalo General Electric.. 100Calif Bloc Generating, pref_100Calif fly & Pow prior pref 100Calif St Cable RR(San Fran)100Camden&SubRy See P S CorpCanadian General Electric_ _100
Capital Tree (Wash, D C)_..100Carolina Pow & Light, core.. 100Cent Arkan Ry&LCorp prof 100
Ceut Crosst RR—See N Y RysCent Hudson Gas & Elec. _..100Coat PkINT&ER, RR—See N Y RCentral & South Amer Teleg.100Central States Elea Corp.. ...100
Preferred 100Chic City & Concom part ctfs(t)
Pref partic etre _ (no par)City Ry 100
Chicago Elevated Rya corn Preferred
,Chicago Rye partic ctfa ser 1_I Series 2 I Series 3... I Sedge 4.. Chicago Sub Gas & ElectrIc..100
' Preferred 100 Chris is 10th Ste 1111—See N YCincinnati Gas A Electric.. 100Cincinnati Gas Transp 100Cincinnati A Hamilton Trac.100
Preferred 100Cin New id Coy Lt & Trac 100
Preferred 100Cincinnati Street Ily___ SOClucin & Salm Bell Telep....50Cities Service 100
Preferred 100Citizens' Pass Ry—See Phil R TCitizens Trac—See Plata CoCity Pass Ry—See Reading Tr
City Ry (Dayton, Ohio). _100Preferred_ . ... _100
Cloy Paineev-&-Eastern ilit MO
90
80
85
71% 7570
ii 80
7085
84775087
88ah & S& Zane
1571
23(
1430
d 100ci 43
50233995676
d 1d 4
3360
d 3
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1
d 7c28
d 5585
856995
d 45ci 52d 1d 7
GI50%
Rys19
d 1180X106751060
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101ye11516%60
ci Yeif 8%
1
358
Rye72%9835607060
d 47d 76295793-i
7095
k 92
93
84
89
83
88
. oo - - Consolidated
94Ry dr Lovine
2076
iii -401034561235 %1006078582038705
6299X5204%3097
3
9c35130
6090
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3051
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10385%3388
103
118206619A
3 18%
408%21
73100
71361 I488029880%
105100
Cleveland fly..
98%Cleve Southw & Col Ry
Preferred
_loll
100 Colorado Power 100
Preferred 100Columbia Gas & Electric.. ....100Columbia (SC) Ry Gat & El 100
Preferred 100 Columbus Ry Pow & L cem_100
Preferred A100 Preferred B 100 Commercial Union Teleg(gu).25
Commonwealth-Edison Co_100Com'ith Pow Ry & L cem__100
Preferred Coney Island A Bklyu RR _110600Connecticut Power pref 100Connecticut Ry Jr Lighting_100
Preferred 100 Cons Gas, E L & P (Balt)__100
Consolidated Gas (N Y) SeeGas (Pitts) pf_ 50
Cans Tree of N J—See Pub SerfConsol Water (Utica) corn.. _1005% preferred 7% preferred
100
Consumers' Gas (Teronto)___150 00
Consumers Pow (Mich) pref.100Gantlet Pass Ry—See Phila R TCanab'I'd Co (Me) P di Lt_ _103
Preferred 100 Deny Champ & Dec_pref_100Dayton Power de Light 100
Preferred 100Dayton & Western common_100
Preferred _.., 100 ;Denver Gas & Elec pref_ _100 'Denver & Northwestern Ry_100Denver Union Water 100 Detroit Edison Detroit United Ry
100
0Dominion Teleg (Canada) 1_500700Duluth Edison Electric 100
Preferred 100Duluth-Superior Tree Co..... 100
Preferred 100Duquesne Light—See Phila Co_Eaeteru Penn Rys corn 100 East Read'g EI—See R'd'g TrueEast St Louis & Suburban _100,
Preferred 100 ,Edison Elec Ilium (Boiton)_100!Eighth Ave RR—See N Y Rye!Electrical Securities prof...... 100Electric Invest Corp 100
Preferred 100Elec Storage Bat—See Ind. de MElizabeth Gas Light_20:Eliz & Tree RR—See Pub Sere'
!Elmira W L&RRlet pf v I C_100 !El Paso Elec Co common_ _100 1. Preferred
:Empire & Bay State Teleg 110000 ,Empire DistrictElectric_ _100
I Preferred 100 'Equitable 111G L (Phila) D1_100Essex & Hudson Gas 100Fairen't Pk & Had Pass Ry—SeeFall River Gas Works 100
Federal Light & Tree com__100Preferred0
Federal Utilities 11000
Preferred 100Ft Wayne & Nor Ind Trac....100
Preferred 100 Franklin Telegraph (guar)__ 100Galveston-Houston El Co___100
Preferred.. ..100Gas de Else of Bergen County100Gas & Electric Securities. 100
Preferred 100 General Electric—See Iud. & M
General Gas & Electric 100 Cumulative preferred _100 Convertible preferred____100
Georgia Ry & El Co stmpd_100 , Preferred 100Georgia Ry & Power corn......100
First preferred100Second preferred 100
;Gold Sic Stock Teleg (guar) 100'Grand Rapids Ry preferred. 100Hackensack Water 25
Preferred 25Harrisburg Lt & Pow prof 50Hartford Electric Light__ __100Hartford City Gas Lt cem 25
Preferred 25Havana Elec Lt & Power..... 100
Preferred 100 Holyoke Street fly- 100Houghton County Elec Lt_255
Preferred 2
Houghton County Tr cora__100Preferred 100
!Houston Gas & Fuel prof...... 100'Hudson County Gas 100!Illinois Traction common 100I Preferred 100
Keystone Telephone_ ___ _50 d 10Preferred__ _50 d 47
Kings County Elec & Pow _100 Kinloch Long Dist Telep_ 100 Laclede Gas Light 100 80
Preferred • 100Lake Shore Elec common _ _100 13%
First preferred 100 Second preferred 100
Lancaster Co(Pa)Ry&Lt pref 50 d 40Laurentide Power 100 603%Lehigh Power Securities__ (f) d 734Lehigh Valley Transit corn 50 d 14
Preferred 50 d 24Lincoln (Neb) Gas dr El Lt....100 Little Rock Ry & Elec 100
Preferred 100Lone Star Gas 100 s 172Louisville Home Telephone_100 Louisville Railway Co 100
Preferred 100 Lowell Electric Light 100 150Lowell Gas 100 161Mahoning dr Shen Ry dr L, pref_ 84Manhat Elev Ry (N Y)._ _ 100 84Manufac Lt dr Ht., Pittsb_ _ _50 d 49Marconi Wireless Tel of Amer_5 d 4Mass Electric Companies 100 23%
Preferred, stamped 100 14Massachusetts Gas Cos._ 100 S23%Preferred 100 70
Massachusetts Ltg Cos corn _ (t) d 7Preferred 100 72
Memphis Street Ry corn... ...100 Preferred 100
Mexican Light dr Power ...._100 20Mexican Northern Power.. ....100 Mexican Telegraph 100 157Mexican Telep Teleg 10 d 76cPreferred 10 d 1
Mexico Tramway 188 75 'Michigan Light pref Michigan State Telep pref le', 65Middle West Utilities 1001 24Preferred 100 513%
Milw 'gee Ry dr Lt pref___ _100 83Mississippi River Power__ ..100 10Preferred 100 38
Mobile Electric pref 100 a Mohawk Valley Co 100 55Monongahela Val Tr 25 d 13
Preferred 25 d Montana Power 100 71Preferred 100 104
Montreal L H & P Cons x 8434Montreal Telegraph 40 Montreal Tramways corn___100 min.Montreal Tram & Pow Mountain States Tel & Tel ...100 100Municipal Gas (Albany)____100 110Muskogee Gas dr Electric.___100 Preferred 100 a 85
Narragansett Electric 50 d 653%Nashville Ry & Light pref__100National Light, Heat dr Pow.100 2Preferred 100 25
Newark Consolidated Gas 100 80New Bedford Gas & Elec 100 1673%New Bedford dr Onset Ry 100 15New England Co corn 100 n 35
First preferred 100 88Second preferred 100 53
New England Power, pref_100 92New England Tel & Tel___ _100 90New Haven Gas Light 25 d 34New Haven Water 50 d 76New On Rys & Light Co_ _100 A
Preferred 100 New York City—Conso Gas100 9234N Y Mutual Gas Light__ 100 100
New York Railways 100 Bleecker St dr Fult'n F'y__100 15Bway & 7th Ave guar_ ___100 65Central Crosstown 7%___ 100Christopher de Tenth Sts_ 100Eighth Ave 100 i(15 -42d St dc Grand St Ferry _ _100 Ninth Ave guar 6% 100Second Ave 100 Sixth Ave. 100 70Twenty-third St guar_ _ _100
N Y & Richmond Gas 100 n 10N Y State Rye common_ _ _100 12
Preferred _um 35Niagara Falls Power corn_ _ _100 82
Preferred 983%Norfolk Railway & Light..... 25 d 20Northampton (Mass) St Ry .100 _ .Northern Calif Power Cons_100 20North Ohio Elec Corp, corn (t) d 13Preferred 100 55
27 Northern Ohio Tr Ac L pref _100 8880 Nor Ontario Lt & Pow coin. 100 11103% Preferred 100 5250 Northern States Power 100 6098 Preferred 100 90140 Northern Tex Elec Co corn _100 5385 Preferred 89 Northwest Electric
100 70100
Preferred 100 ----- Northwestern Teleg (guar) 50 d 40 Ohio Cities Gas 25d 413%42 Preferred 100 8361 Ohio Fuel Supply 25 d 43834 Ohio Gas dr Electric pref_ - _ - 100 85 Ohio State Telephone 100 28 Preferred rr 100 93% Ohio Traction—Common. _ _ 100
Oklahoma Natural Gas new 12005 d 22.. 9'9A Preferred
s 173 Omaha & Council Bluffs_ _100 40
58 Oro Electric Corp, pref_ _ 110000 70Preferred
90 Ottawa Light, Heat & Pow 100 773%160 Ottawa Traction 100 175 Ottumwa(Ia)Ry dr Lt pref _ _100 9290 Pacific & Atlantic Teleg (gu)_ 25 d 1485 Pacific Gas & Electric 100 48A First preferred 100 863434 Second preferred (old pref)100 3 Pacific Gas dr Elec (Ariz) pf_100 a 80 901434. Pacific Light Corporation_ _100 1143.833%" Preferred 100 773%71 Pacific Telep de Teleg 100 238 Preferred 100 8875 Paducah Tr Jr Light corn _100 Preferred 100 Paterson dr Passaic Gas & E1.100 8025 Pawtucket Gas preferred.._ _100 70 'Pennsylvania Lighting cora_100 30174 Preferred 100 75 Pennsylvania Water dr Pow_100 77 Pensacola Elec Co, com.. _100 Preferred 100 80 People's G L dr C (Chic)_..100 473%75 People's Nat Gas & Pipeage_ _ 25 d 30
53 5 rr
non-cum preferred 753 1 293488 6! cum preferred
28 Phila Co (Pittsburgh)
goo dd 3112 A legheny Traction 40 Citizens Traction 50d Duquesne Light pref...... 100 95 10070 Federal St dr Pleasant Val_ 25 d 15 Pittsburgh dr B'harn Tr 50 d 20 United 'Fraction preferred 50 d
Phila Rap Tran Vot Tr Ctrs. 5205 dd 2245474 Phila Electric (full paid)
853% Citizens' Passenger guar_ 50 d 120 Continen Pass Ry ($29 pd) 50 d 150 Fairm't Pk & Hadding'n__ 50'd 23 Frankf'd & Southwark Pass 50 d101 Germantown Passenger__ 50 d 115 • Green & Coates Sts ($15 pd)50 d Hestonville M & F' corn__ 50 d 90 Preferred 50 d 683% Phila Cy Pass Ry(S23 A p4)50 d 75 Phil & Gray's Fy ($25 pd) 50 d 4 Philadelphia Traction__ __ 50 d 35 Ridge Ave Pass ($28 paid) 50 d 83 2d & 3d Sts Ry guar 50 d 175 13th & 15th Sts Pass Ry_ 501d
Union Pass MO 5-6 01_ 50;d 40 Union Traction ($17 A P4)-50d 37349234 West Phila Pass guar_ $04 57 Pine Bluff Co pref 1001 9095 Pittsb dr firm Trac—See Phila 1Co913% Pittsburgh 011 dr Gas 100:z 83%35M Portland (Me) Gas Light 50,d 48 5077 Portland (Ore) Ry Lt & Pow— New stock (75% paid) _100 40 Porto Rico Rys Ltd 100 309334 Preferred 100 110 Providence Gas .80d 473%4 Public Service Corp of N J _100 80 Camden & Sub ($5 paid)... 25 d 10) Consolidated Trac of N J _100 60
Elizabeth & T_
_r e_ nt_
corn... _n_ __
__ _ 50
d
6) Preferrd_ _50d Rapid Trauslt St Ry Co _100 190So Jersey Gas Elec & Tree 100 100
Public Service Co of Nor IlL 100 901 Preferred 100 90
20 Quebec Ry Lt Heat & Pow _ _100 173%15 Railways Company General 10 d 243 Rap Tran St Ry—See Pub Ser. Corp Reading Traction 50 d 23 25100 City Passenger Ely.... 50 d 109 10521 East Reading Electric Ry_ 50 d 70 7370 Reading Transit & Lt, pref_ _50 dn 80 9028 Republic Ry dr Lt com____100 163% 1817 Preferred. 100 52 5560
15576292587520813%5042%84%459030957%4029%5075
8095174988
852190
908035807810704830303431)32
253%25
k 273k 108%k 452349034
k 117%k 323ik 58k 115a 6734s 70k 200%k 213s 1993.1,150383%16890
St Jos Ry Lt Ht dr Pow pref_100San Joaquin Light & Pow_ _100
Preferred 100Savannah Electric Co 100
Preferred 100Scioto Valley Trac corn__ 100
First preferred 100Preferred 100
Scranton Elec, pref 100Shawinigan Water & Power_ 100Somerset Un & Middlesex Lt100South Calif Edison corn... .._100
Preferred _100South dr Atian Teleg (guar)....25Southern New Eng Telep _100Southern Utilities corn 100
Preferred 100So Jer Gas El dr Tr—See YOHSouthwest Missouri RR__ _100Spokane & ml Emp-Cap stk 100
Preferred ctts 100Springfield (Mo.) Ry. & L. prefSpringfield (O.) L. TI.dr P.pref 100Spring Valley Water 100Standard Gas & Elea (Del).._50
Preferred 50Superior Water, L & P com_100
Preferred 100Tampa Elec Co 100Tennessee Ry L & P corn... 100
Preferred 100Terre Haute Ind & East__ 100
Preferred 100Terre Haute Tr & Lt pref. _ _ 100Third Ave Ry (N Y) 100Toledo Bowling Green dr So. 100Toledo Home Telephone_ _100Toledo Rye dr Light Co 100Toronto Railway 100Tri-City Ry & Light Co 100
Preferred 100Tri-State Telep Ac Teleg----1011)
Preferred 10Troy (N Y) Gas 100234 Street—See N Y RailwaysTwin City Rapid Transit... 10
Preferred_ 100Union Natural Gas 100UnionStRy(New Bed,Mass) 100Union Trac of Ind cons 100
First preferred 100Second preferred 1011
United Elec of New Jersey _100United Electric Secur pref.. .100United Gas & Elec Corp.. 100
First preferred 100Second preferred 100
United Gas & Elec of N J pf_100United Gas Improvement.... 50United Ill Co of New Haven_ 100United Light & Rys corn ......100
First preferred 100United Rys of St Lou—Corn_100Preferred 100
United Rys & Elec(Bait) corn 50United Rys Investment Co_100
Preferred 100United Tree dr Elea (Prov)_100United Utilities 100
Preferred 100Utah Securities Corp 100Virginia Ry & Power com 100Preferred 100
Wash Bait dr Annap 50Preferred 50
Washington (D 6) Gas.. 20Wash-Idaho %Vat L & P pf _100Wash (D C) Ry & El corn... 100Preferred 101
Wash-Virginia Ry, pref 100Washington Water Power Co100Western Ohio RR ars 10Western Power 100Preferred 100
Western Rys & Light .pref... 100Western States Gas & Elec 100
Preferred 100Western Union Telegraph_ _100West'house Elec dr Mfg—See tinWest Penn Power pref. 100West Penn Rys preferred..... 100West Penn Tr & Wat Pow.. 101
Preferred 10Winnipeg Electric Ry 101Wisconsin Edison common .100Wisconsin-Minn L & P. pf _100York (Pa) Rys common... _ 50Preferred 50
156590
70 751% 410 1519 2095 10072 78
a 115 1153%60 7082% 85%97 102
d 16 22115 116
c Service Corp
1_ 1 385 9570 8055%
d 13 15d 31 33
5075 85109 1122 312 141 58 159213% 14
44 45
80 1 83--
75140 145
41 6080% 124 s 125
1303
7 14
80903385
d 71%2253669%
14d 19
815
10a 8016%
d 26%d 35dx 53
4464%
55
1866Y&
1575863%
der M90701056362985
d 7!4.d 31
100
408
71U2303871%4151934910
209016%48
273854
53663%
67
1967%
25858734so97801362
349273%3134
a Purchaser also pays accrued divi lend. d Price per share, not per cent. e New stock. h Ex-stock dividend. lc Last sale. i In Unndon.n Nominal. s Sale price. u Ex-warrants. r Old stock. z Ex-dividend. y Ex-rights. t Without par value. Min. Minimum prices es-tablished on the Montreal Stock Excha
INDUSTRIAL AND MISCELLANEOUS SECURITIESIn the rearrangement of our quotation lists we classify under the designation "Industrial and Miscellaneous Securities,"all issues which do not appear under the previous two headings, namely "Railroad (Steam)" and "Public Utilities." In theease of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guar-antee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscellaneous."
NOTICF1.—Alt hond orices are and Interest' eic4sin her fnarkod 1. and Income and defaulted hono.Bonds. dui. Asa. Bonds. aid. 4,4. donne. ata ...a.
99
100
1023%
INDUSTRIAL & MISCEUNI3tome White Lead & Color Wks--
lit 6s July 1919 to '28 op_J&J&dams Exp col It g 4s '48_M&SCol In g 4s 1947 J&D
kdvance-Rumely debee'25 M&Fketna Explosives (18 Jan '45_0-.1&la Steel & Shipbidg—See TennklaskaGold Mlnesdeb 68'25 M&SDeb es 1926 Set B M&S
OUS B
90623%
I 609781
C I dr3231
ONDS.
95656210085
RR.3535
/km Agric Chen 1st 55 1928A&O, Cony g deb 5s 1924_ — P&AAmerican Can—deb 581928 P&AAmer Cat Oil g tis 1931 optM&N5% notes 1919 M&S77. notes Sept 3 1919_M&S 3
Amer Graphophene 68 '30_J&DAmIlide&Leathlst g 68'19.M&S
983%100923%88993%1003%941003%
991003%94891997100798101
American Ice Securities—American Ice Co—ft E let &gen s f 6s '42 opt '13.. _F&A
Amer La France Fire Eng Inc—6% gold notes 1926 —__M&N
Amer Malting Se 1926 . J&DAmer Pipe dr Constr Securities—Ooll It g 139 1922 opt ___F& Ain Pipe & Fdy Os 1928___J&JAm Sew Pipe—let a f Os '2044dES
93
9596
10098
f 90
4
b Basis. IThis price includes accrued interest. k Last sale. n Nominal. a Sale price. t New stock.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.1 INDUSTRIAL AND MISCELLANEOUS SECURITIESNOTICE.-All bond prices are "and interest" except where marked "1" a
nd income and defaulted bonds.45
Bonds. Bid. Ask. Bonds. Bid. Ask. Bonds. Bid. I Ask.
Amer Smelt dr Refining-1st M 55 1947 A&O
Amer Spirits Mfg g Os 1920M&SAmer S S of W Va 58 1920 M&NAmer Steel Foundries-Deb 48 1923 F&A
Amer Tobacco 6sg 1944_ _ _Adr()Guaranty Trust ctfs of deo_
lst s f g es 1941 opt J&JAtlantic Fruit & S. S.-deb es, Jan 1945 J&J
Atl Gulf & W Indies SS Lines-Col tr g 68 Jan 1 1959_ _ _ _Jdr.1
Atlas Port Cement 1st (Is'25M&SBaldwin Locomotive Works-
1st at 5a 1940 op aft '15 M&NBarney & Smith Car Ss 1936J&J Beech Creek C& C 5s '44_ _J&DBethlehem Steel Corporation-7% g notes July 15 '19_J&J157% g notes July 15 '20_J&J157% g notes July 15 '21_J&J157% g notes July 15 '22_J&J157% g notes July 15 '23_J&J15Beth St 1st ex g 55 '26 gu.J&JBeth St pur m Os Aug '98.Q-FBeth St 1st 1 & ref 53'42_ M&NPur M 5s 1936 J&J
Booth Fisheries s f 68 1926_ A&OBoston Term Co-3%s '47 F&A Braden Copper Mines Co-S f g 6s 1931 F&A
Brooklyn Ferry Co-Con Ss '48 ctfs dep stpd_F&A
Brunswick-Balke-Collender Co6% serial notes 1920-29_ _J&J
Buffalo&Susq Iron 15s 1932J&DDeb g as Jan '26 op '10__M&S
Burns(P)&Co 6s'24op af'14A&O 1st dr ref a f es 1931 J&J
Bush Term 1st 48 1952 ___A&OCons g Ss Jan 1 1955 J&J
Bush Terminal Buildings Co-1st a f gold guar 5H 1960_ A&O
California Wine Association-Cony gasSep10'25 op s M&S
Canada Cem't 1st 6s'29 op A&OCanadian Car & Fdy Co, Ltd-
1st s f a Os 1939 J&DCanadian Cons Rubber, Ltd-Gold es 1946 opt 1911__Adr0
Canadian Cottons 59 1940 J&J2Cent Foundry Os 1931__F&ACent Hud St'boat-5s '19 M&N
5R April 1933 A&OCentral Leather 15s 1925 A&OChes‘grDel Can 1st 58(40'20 J&J ChtcJct coil tr ref g 4s1940 A&O
Coll tr ref Ss 1940 A& 0Chic Pneu Tool Ss Dec 31'21J&J
1st Os 1923 A&OChic Un Sta-See Steam RR bdsChicoutimi Pulp Os '43_ _ _ _J&JChili Copper cony 7s 1923_ M& NCony Os 1932 Ser A A&O
Part paid Clearfield 131t Coal 4s 1940_J&JCleve & Sandusky Brewing-
1st a f a Os J'ne 1 '48 op__J&JClyde SS 1st Bs 1931 opt.... F&ACol Fuel & Iron a f Ss 1943..P&A
Col Fuel geu g Os 1919__M&NGr'd RivC&C Os July'19.A&O
Colorado Industrial-1st g gu 158 ser A&B '34opF&A
Computing-Tabulating-Rec Co-Sink fund gold Os 1941___J&J
Brew Co-lst 4s 1951__M&S 2d Income Os Sep 1951_M&N
Granby Con Min Smelt & Pow-1st cony Os 1928 ser A_M&NStamped
Grand River Coal & Coke-SeeHall Signal Cis '19-'20 A&OHarris Abbatoir Os 1928._ F&A Havana Tobacco-5s 1922 J&DHecker-Jones-Jewell 6s '22 M&SHoboken Land & Irnpt Co-
1st M g Os Nov 1930_ __M&NHock Val Products 5s'61 op.J&JHoster-Columbus Co 68'40_A&OHudson Nay g Os 1938 op_ P&AHuebner-Toledo Brew Os '30J&JHuntington Land & Irnpt-Coll tr g gu Os 1919-1927 J&D
Ingersoll-Rand-lst g Os Dec 311935 opt Dec 31 1910____J&J
Inland Steel 1st 6s 1919-28_A&OExt&ref es '42 op'16 serA.J&J
Internal Agricul Corp-lst&coll tr s f g fis'32op M&N
International Mere Marine-1st M coil tr es 1941___A&O
International Paper-Con cony g s f 61 '35op'09 J&J1st dr ref s f 58 1947 Ser A_ J&J
Internet Salt g Os '51Internet Silver 1st OsI Deb Os 1933 ,Iron Steamboat 1st 58 1932 AjZTO! Gen'l 4s 1932 A&OJefferson & Clearf C & I-
2d gold 53 1926 J&DIndiana Co 1st s t 55
Jones & Laughlin St 5s '39_ M&N!Kan City Brew Os '30 ctfs _M&N!Keystone Steel & Wire_
I Cony Os 1919-1926 J&D Knickerb Ice 1st 5s '41 opt _J&J ,La Belle Iron Wks-
1st & ref Os 1940 J&D Lackaw St 5s '23 op to '06 A&O 1st Os 1950 op after 1915.M&S
Eq 5s 1919-1926 M&515Lake Superior Corp Inc 5s'24 Oct
! tat & coil tr gold Os 1944_ J&DLake of the Woods Mill Co, Ltd
, 1st M 6s June 1923 J&D Latrobe-Connellsville C & C-
lst a f g 6s 1931 opt J&DLaureutide Paper 1st 8s'20 J&J2 Lehigh Coal eir Nay-Gen Mg 43%s May 1924_ _Q-FFunding 4s g July 1 1948. J&J
Col tr power 43%s '21 op_J&DCon s f g 43%s 1954 J&J
Leh dr W-Barre Coal-See CentLiggett & Myers g 7s 1944A&OGold bonds Os 1951 F&A6% gold notes 1921 J&D
Lima Locomotive Corp-let f g (is 1912 M&N
Lorillard (P) Co g 7s 1944-A&OGold bonds 58 1951_ _F&A
Mallory SS 1st s f Os 1932_ _J&JMaryland Steel 1st Os 1922.F&AMetropolitan SS 5e 1939 ___JdaMexican C & C Os 1926 op_ M&S Mexican Petroleum of Del Ltd-
lst 1 cony s f (is '21 Ser A A&OSeries C
Midvale Steel & Ordnance-Cony s f 55 1938 M&S
Monon Coal-See Chic Ind & L Monon Riv Con C&C(Is'49 A&O Morris & Co islet 43%s '39_J&J
Mtge Bond 48 Ser 2 '06 op_ A&O Os Ser 3 1932 op '22 _ J&J
Nat Conduit & Cable Inc-1st M s f 6s 1927 A&O
Nat Enam & Stpg Os '29 J&D National Fire Proofing-
lst&coll tr g 5s '19-'32op M&S Nat Starch deb Os 1930 gu__J&JNational 'rube 1st Os 1952 M&NNatomas Co of Cal-Gen & ref Os 1935 J&J
N E Cot Yarn Cog Os 1929 F&A New Eng Nay-See NYNH&N I Zinc 1st 43 1926 Adr0NYAIrBrakelst (ts'28conv M&NN Y Dock Co-lst g 4s '51 F&AN Y & Hob ry Os May '46 J&DHoboken Ferry Os '4(L_ M&NNY&NJ Ferry-Os '40..J&J
N Y Shipbuilding Co- 1st M s f 58 Nov 1 1946
Nips Bay Co Os 1925 ____M&NO'Gara Costae 55 op aft'08.M&SOgilvie Flour Mills 60 '32 _J&D
Series B Series C
Otis Elevator Os '20 op '13 .A&OPacific Coast Co-G as '46 J&DPark & Tilford a 1 Os '30__J&D
Parsons (W Va) Pulp & Lumber lot m g Os '19-'24 opt M&N
PeerleasTrk & Mot63'25 M& N10 Penmans,Li1-lst5s'260p M&N Penusylv C C 1st 15s '32 opJ&J
RR Bo833%733% 97%100%100%
10075
b 7%
f
9797
Co Fuel92
f 4097
90f 54
606036
9784%3596%
97% b 6% 101
793%
97
953%
709885
n 90n 20
95%
983%f 20
9496%83
b 7%5960
98
96%8696% 92
RR of11192100%
95112%90%839398
150150
87Ry p 34
823%
85
86
933% 08
783%
H RH90 99%68858585
729558100100100988478
92
94
nds90
9710078100%
103
6.60%
98%101& Iron
99
607065
9984%36%98
102%
79%
98
9271%1029010030
99%25
979886%6%6265
k 993%
k 100
98
NJp33112%93100%
98113918796
20
180180
87%
83
95
8996
98%
99%73
75
63
98%
82
9689
k 87%96
Pennsylvania Steel-Pa&Md Steel con g 68'25 M&SSpan-Amer Iron 6s 1927_J&J
Pierce Oil Os Dec 31 1920 __J&JCony deb 6s 1924 J&J
Pittsb Brewing 6s Feb 4 '49_J&JPitts Coal deb 5s July 1931M&SPittsb Term Warehouse & Trans
1st ref g Os Nov 1 1938_ M&N Pittsburgh-Westmoreland Coal-
1st s f g 5s 1947 opt____M&NPitts & Westm C5s'25op.M&N
Pleasant Vail Coal Os 1928 .J&JPocahontas Consord Collieries-
1st gold Os 1957 opt J&J Powell RI v Co 6s '19-'27_ Ada
1st M Os 1920-1926_ _ ____J&JRepublic Ir dr Steel 5s '40_A&ORoch & Pitts C&I Os 1948_M&N
1st at g 43%s 1932 opt_ __F&A Rocky Mtn Fuel 58 1941 _A&O
Rogers-Brown Iron 5s '20-40J&JSt Clair Furnace Os '19-'39 F&A St Lawrence Pulp & Lumber-
let M (is 1919-1933 F&ASt Louis Brew Assn 6s 1939_J&JSt Louis Car Co Os '21-'23 M&NSt L Nat Stock Yds 48 '30_ _J&JSt L Rocky Mt Sr P 58'55 stpJ&JSecurities Co N Y 4% cons M&SSibley Mfg Co 1st Os 1922__J&JSinclair Gulf Corp Os 1927 M&SSinclair Oil& Ref Corp-7% notes '20 war's atch.F&A
Without stk war'nts attach.Sioux City Stk Yds 1st 5s'30 J&J Sloss Iron & Steel lstes'20_14&ASomerset Hotel Tr 4s 1021_J&DStandard Mill-lst a 5830M&NSteel Co of Can es 1940.. _J&J Studebaker Corporation-7% serial notes 1921-29_ _J&J
Sun Cr Co col Sr s f g Os '44_J&JSwift & Co 1st s f g Os '44_ _J&J
T H Symington cony 6s'20 J&J Temple Coal s. f. Os 1924_J&JTenn C I dr RR gem Os '51__J&J
Ala Steel&Shipbdg 62'30_J&J Cahaba C M Co 1st 69'22 J&D Term Cop Co cony Os '25_M&N
Texas Co deb 6s '31 op '15_J&JUnion B & P 1st g Os '30 op J&JStamped ..- -
Union Oil Co of California-First lien a f Os 1931 opt_J&12
Union Steel Co 1st 68'52gu.J&DUn Transpor 1st Se 1923....P&AUnion Typewriter-See RemtnUnit Fruit-Deb 43%s 1923 J&JDeb g 43%3 1925 at J&J
United Lead deb Os 1943__J&JU S Env 1st Os '19-'34op'19J&D13 8 Finishing-lst 5a 1919_J&JCon gold Os 1929 J&J
U S Light & Heat1st s f Os 1935 J&D
U S Realty & Imp 5s g '24 op J&JU S Rubber-
1st dr ref 5s 1947 Ser A__J&JU S Smelt Refg & Mining-Cony 6% notes 1926 P&A
United States Steel Corp-Col Sr s f 5s Apr '51 op '11.VarCol Sr a f 5sApr'51 not op.VarCol s f 2d Os Apr'63op'13M&N
Utah Fuel-See Deny & Rio Gr,Vancouver Lumber 68'19-125J&J
Vaudalia Coal 1st 6s '30 011-J&J Victor-Amer Fuel 1st Os '40F&AVictor Fuel 1st s f g Os 1953_J&J Virginia-Carolina Chemical-
1st M g Os 1923 opt s f__J&DBony deb Cis 1924 ____A&015
Va Ir Coal & Coke Os 1949_M&5WebsterCticC 1st g 5s'42op_M&S
Welsbach Co col Sr Os '30_ _J&DWest Canada Fl Mills Co, Ltd-
1st a f 6s Mch 1928_ M&S 1st & ref s Os 1931 M&S
Western Electric Co-1st Os Dec 31 '22 op aft'll J&J
Whitmer(Wm)&Sonses'20_MItS Wickwire Steel-lst Os '34 M&N
Wilson & Co 1st 6s 1941_A&OCony s f g Os 1928 J&D
Winchester Repeating Arms-7% gold notes Mar '19_M&SEXCHANGE SF,ATS.
No. Last Sale.N Y Stock Exch_1,100 $68,000 N Y Con Stk Ex.. 486 3,000N Y Produce Ex.1,800 2,600N Y Cotton Ex__ 450 16,000
N Y Coff &Sug Ex 323 5,850 Baltimore Stk Ex 87 2,350 Boston Stock Ex_ 150 9,500
Chic Bd of Trade..1,619 6,375 Chicago Stk Exch 250 1,500
Cincinnati Stk Ex 33 3,900 Cleveland Stk Ex 35 2,850
96 Whitman M (NB) a 160 1675% Ni130 135 York Mfg (Me)-_a 1275% Pt86 90 St
81 8280 31 A( s 1805% Southern Mills. Per share. A(215 Cc175 Tx110 113 Abbeville CM(SC)a 125 135115 Amer Spinning Co_ 180•_..__ 270 AndersonCM (BC) a 75 77105 Arkwright M (SC)a 185100 All & Gulf C (Ga).a
Augusta Fee (Ga).a 55 Lil_ _ _ _ 162 Belton Mills (SC)_a 150 15676 Bibb Mfg Co (Ga) a 155 16592 CabarrusCM(NC)a - - - -- 1 90 Chesnee M I35 1i5103 Clifton Mfg (SC)_ a 135 140 N( k 80 Clinton CotM(SC)a 125 -- 11280 CourtenayMt(SC)a 155 175110 Dallas Mfg (Ala)..a 116 120 Darlig'n Mfg(SC).a 8094 Eagle & Phenix At98 100 Mills (Ga) a 135 Fl130 EnterpriseMt(Ga)a 80 Ni 135 Expos'n C M (Ga)a 175 Pr k 905% Gaffney Mfg (SC) a 100 105
1625% Granttev Dilfg(f3C)a 104 --- -- 1 82 Greenw'd CM (BC)a 225180 Grendel Mills(SC)a So
Henrietta M (NC)a 185210 220 KIng,JP,Mfg(Ga) a 11584 875% LancasterCM(SC)a 150130 Preferred a95 . _ __ _ Laurens CM (SC)_ a 135 La119 121 Louise Mills(NC)_ a 90 100 M 11150 Marlboro CM (8C)a 1375% k 875% Mayo Mills (NC)_a 3 92 Mills Mfg Co(SC).a 273 I 142% Monarch CM (SC)a 110 103 NewberryCM(SC)a 22:3 Ar86 89 Orr Cot M (SC1_ _ a 120 CI s 168 Pacolet Mfg (SC) _ a 175 Cc150 165 Pelzer MfgCo(SC)a 155 Cc 1 195 PletimontMfg(SC)a 180 200 Ft 1125% PhillipsButtorffM a 112 117 GI
• 875% Poe,FW,Mfg(SC) a 150 HI 116 Roanoke M (N C) a H,183 186 Saxon Mills 150 NI 160 Sibley Mfg (Ga).... a 58 65 NI s 109 Spartan Mills(SC) a 175 Ni90 Tucapau M (ES C)_ a 300 Ni65 Union-Buffalo M Ps k 97 (S C) 1st prof_ __ 105 110 St 3 80U Victor-Monag Co_a 83 85 Ili 225 Preferred a 94 96 W113 Victor-MonagMpf a 94 96 150 Warren Mfg (SC) a 125157 Preferred a 95 100 1 94 Wash'n M (Va) pf.a 110 Webb Mfg (Nash) a 50 75 Al125 130 Whitney Mfg(SC) a 132 Fl:114 Woodside Cot M_ a 108 110 In k 109 Preferred a 92 95 In133 138 Woodruff M 125 135 Li132 Pe136 Pt111 116 Rt118 Canadian Mills. Ut140 145
Can Convert, Ltd.a 46 47 a 715% Can Cottons, Ltd _ a 68 k 785% Preferred a 76 k 57 Domin Text, Ltd_a 1003 10134 Al
Preferred a 101 Bi173 17% Montreal Cottons.a 59 60 CI
z 74 74% Preferred__ _ _ a 100 Ge103 111 Penmans, Ltd _ _ _ _ a 78 GI
Preferred _1Isle Royale Cop_25Jack Pot.. 1Kennecott Cop_ (tKerr Lake Lake Copper.._ _25LaRosa Cons M....5La Salle Copper_25Mary McKinney_ 1Mason Val Mines _5Mass Cons 23MayflowerOldCo125Miami Copper _5Michigan.. 25Mohawk 25Nevada Cons Cop 5New Edda QuIcks_5New River Co.._100
PreferredNipissing Mines_ _5North Butte__ ..isNorth Lake 23Ohio Copper new10Old Dominion.. - _23Ontario Sil Min 100Osceola 25Pitts-Jer Cop_
- _ 1
Pit & Mt Shasta CopPond Creek Coa1.10Portland 1Quincy 25Ray Cons Cop 10R088 M NI 1St Joseph Lead 10SantaFe(G&Cop)10San Toy Seneca Cop CorP-tShannon 10ShattuckArizCop 10Superior (lc
a Par value $100. b Assessment paid. C Par value $700. d Price per share, not per cent. e Par value $300. g Par value $1,000. h Par value.$50. k Last sale. m First installment paid. n Nominal. s Salo price. t New stock. 2 Ex-dividend. is Ex-rights. z Ex-stock dividend.t Without par value. min. Minimum prices established on the Montreal Stock Exchange. •
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.1 INDUSTRIAL AND NIISCELLANEOUS SECURITIES 47
REAL ESTATE TRh LAND STOCKS PerAlbany Tr (Bost)_I a.Alliance Realty _. 60 -Barristers' Hall Tr(Boston) I a
Bedford Tr(Bost)_I vsBerkeloyHot1Tr(B)1 4Bd of Tr Blg Tr(B)1 4BosGr'dR'tTr(C). IsBost R E T (Bos)_h aBosStorWlh'se(B) I a 90Boston Wharf Co_ I a 80Bromf Bldg Tr(B) 1 aBusiness RETr(B) 1 a Cent Bldg Tr (B)_1 aChic R E Trustees h aCity Assoc (Bos)__e a City It E T (C)__h a Congress St Associ-
ates (Boston)_ _1 a C'gresaStBigTr(B)I a Constitution WharfTrust (Boston)_1 a
Copley Sq Tr (B)_1 Preferred 1 a
Delta Bldg Tr (B)_1 a Devonsh Tr(B)1
Preferred Dwelling RouteAssoc (Booton)_h
East Boa Land (B)..East St R E Tr(B)Ensiey Land Co 1 80Essex St Tr (Bos)_I a Factory Bid Tr (B)_1 a Fifty Assoc (Bos)__ a Haymarket Tr (B)1 a HotiTr,T'raine(B) 1 a Huntington ChamTr (Bosten)____1 a
Journal Big Tr (B) 1 a Kimball Big Tr(B) I a Lovejoy'sWhTr(B)1 a MerchRETt(Bos) h a halunicip'iRETr(B)1 Old South Bid As_l Oliver Bid Tr (13)-1 a Paddock Bid Tr (B)1 a Pern'tonBidTr (B) I a Post Of Sq Tr (ID _1PrayBide Tr (Boa)R E Assoc (Bus)--IRealty Associates o fBrooklyn 77
Sors'set H Tr (B) _1 a South St Tr (Bos)_I a South Term Tr (B)I State St Associates(Boston) I a
State St Ex (Bos)_1 a Suffolk R E Tr(B) h a Summer St Tr (B)_1 a Term Hotel Tr (B) _1 a
Preferred 1 a Texas Pacific LandTrust cortfs__ _ _1 200
Trem't Bid Tr (B).1 a Trimtn Tr (Boo)_.I a University Associ-ates (Cambr)..._..1 a
Western R E Tr_ _ _1 a 105WinthropB1(1Tr(B)1
TITLE GUARANTEE & SAFEDEPOSITSTOCKS Par
Amer Surety.._ 80 00Bond AM Guar100 222Casualty of Am _10Chicago '1' & Tr_ 100 CitySD (AlbNY)100 150Columbia Title(Washington) S d 4
nielity&D (Md)80 d 127intMg Gu N Y..100 K C (Mo) Casual_ 7%Kentucky Title Co
Preferred_ ___100 100Lawyers' M Co_100 110Louisville Title_ 100 120Maryland Cas Co28 d 91Mortgage Bond.100 85Nat Surety Co_100 210NY Title & M tg _ 100 90RET Ins(Wash) 100 72Rhode 1st S D _100Title Gu Tr(StL)100 57U S Casualty.._ 100 175USFIdel&Gu(M) 50 d 124US TGu&Indem100Westch & Bronx Tit
Preferred _100 69 73 Preferred.. 10050 Am Pipe&Cons_ 100 a 10% Can FdyeAForg 100
Am Pneu Serv_ _80 d 90c. 1 Preferred _ __ _10050 First pref 50 dn 30 40 Can SS Lines...10040 Preferred 80 d 5 6 Voting Trust _ _500 Am Prees Asen_100 15 30 Preferred ____10065 Am Radiator.. _100 290 CanadianCar&F10005 Preferred_ 100 116 129 Preferred _10075 Am Roiling Mill 23 d 43 45 Can Con Rub.. .100
Preferred .......100 102% 104 Preferred_ ___100280 American Screw 100 142% 150 Cannel's Explos.10070 Am Seed Mach..100 67 70 Preferred _10095 Preferred.. ......100 97 102 Can Locomotive100
Am Sewer Pipe.. 100 18 Preferred _ ___10030 Am Shipbidg___100 103 106 Canton Co_ _ _ _100
Atlantic Fruit...100 21 23 Preferred......10.;)7% At! Fruit & S. S.__ 3 5 Cleveland Stone 10065 All _100 37 42 Chien, Peabody10071% All Gulf A W Preferred_ _1001% Intl SS Lines_ 100 97% 98 Collins Co 100
Preferred........100 65 60
Bid.
Per1,22515383
d 134d 1510866%1017083
109110%18010058%5990
102%
d 250d 65d 18%
791009949022%
106
d 25d 23d 24
46
68%96%
100
8%el 94z 145110
8215
d 51%108%
23%6817495
d 40%d 11063%94%190
43mm773431%83%min97
61%87160858860
d 675minmin
913440
200133
1626468173158%10534288975
129100108%
300
14
8562102%41902634981760230
6560104160
a Purchaser also1 Par value $100. nWithout par value.
pays accrued int. d Price per share, not per cent. e Par value $500.Nominal. o Price per cent of par value. a Sale price. t New stock.Min. Minimum prices established on the Montreal Stock Exchange.
a Purchaser also pays accrued dividend. b Assessment patch d Price per share, not per cent. k Last sale. n Nominal. a Sa o price.I Ex-stock dividend. u Ex-cash and stock_dividend. x Ex-diVidedd. Y Ex-rights. tWithout par value. min. Minimum prices establ shed onMontreal Stock Exchange.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
49
UNITED STATES AND MUNICIPAL BONDSIn State and municipal bonds the custom has always been to quote
them, "and interest." That is the accrued interest
must in all cases be added on. There are a very few instances which form exceptions to the rule-that is, where the prices
given are flat prices, the accrued interest having been taken into account in making them. These are indicated by a special
mark, thus (J).
The figures in the column "to net" indicate the basis on which the securities sell or the interest rate which the securities
if held to maturity will net to the purchaser at the present market price.
Bonds
UNITED STATES-Se2s Pan Can Nov 1938__Q-F2%s Postal Say 1931-36_J&J 38 Conversions 1946-47_Q-J3s Treasury notes Q-3 Instrumentalities of U S GovFed F'm L 4%s '37_MANFed F'm Loan 5s '38_ MANFed F'm L bonds issued by
First Jt Stk Ld Bk,Chic5s, 1937__ ___ MAN
Liberty Jt Stk Land 13kSalina, K, 5s '38MAN
U. S. Possessions-See Fore
ALABAMA48 renewal Cl C 1956._ _J&J45 Currency fund'g 1920_J&J33's renewal Jan 1956. _J&J Sirnaingham (is ref '23_F&A 53, s March k 1927 _M&S 5s Improv Sep15 '21 MAS 5s School 1924 • J&J 58 Sewer 1038___ .__J&J 5s Fund Sep 30 '41 MAS30
Jefferson Co-651921__A&O 58 July 15 1920 _ J&J 4%s July 1 1031_ ___J&J 43-0 Hospital 1963___J&J
Mobile-58 Sewe'r 1942MA N 58 School 1943_58 Dock Nov 1 1947 MAN 4%s Refunding 1937 A&0
Wat & Sew '39...J&J Mobile Co 58 ref 1928_ _M&S 5s Ref 1931_ _ J&D 58 Road Feb 1932_ _ _ Fez A 543 Nov 1 1947_ __MAN 413C Ii & Jail 1026_ _ _J&J
Montgomery-ila 1924_ .J&J Sc Street Pay 1923__J&J58 Funding 1940 J&J 43s Water 1928.._.. A&O 4%8 Sch WW&Sew'44.T&J
Motitgom'y Co-5s '35A&() Selma-55 '27 op '10 MAN
ARIZONA4348 ref Apr '38 op '28 J&J1.6 Maricopa County S D No 158 March 1933 Mar
Phoenix 43-is 1950 op '30 J&J11s School Mar 1933.. Se Jan 1 1954 op 1934_J&I
Prescott-5s 1948 .JA.1 Tucson-5s Water 1950 J&J4%s WW Mch10'38 MASIO
ARKANSASFt Smith-58 1926.___A&O58 W W 1919-1926__MAN
(it Francis Levee Dist-68 Oct 1 1943 opt '33_J&J69 1947 opt 1937 J&J 5%ii 1945-1964 J&J5e 1949 opt 1929 J.:1'J
CAI.IPORNIA4%sUnly bidgJan5'21-65J&J43.s Highw 1936-41J&J 345 Herb Imp 1985 op'50_J&J45 Highw July 3 '19-81 .J&JAlameda-4s '19 to '41 _JA D 4%s Mun Imp '19-'48A&O,
Ifs School 1020-1955_ _J&J Los Ang-4%8 '19 to '35 J&J
4%8 Ott Dec31'19-'37J&D 4%s Herb Imp '19-'51J&D
4! El plant '19-'51 J&D 4, s Aug 1 '23-'42_ _ .F&A 48 V SIM 1919 to '45 MAN 48 g 1920 to 1930_ _ J&J 348 Water '19 to '41 A&O
43.e Sob 1919 to '44_a&D
Loa Ang Co 43.8'20-'49 P&A Oak1and-538 '19-'43_10(1'A 4%s Mun Imp '19-'43F&A 4%8 Jan 15 '20-'47_ J&J 4408chA.c.ine'19-'51 J&D
Oakland 8 1) 4s '19-'44_J&J Orange Co 15s '19-'45_ _ _MAS Pasadena-4sJan'20-'42 J&J 4%s Wat Pl't '19-'36 A&O
Pasad S D 4%8'19-'22 Sep 15 Redlands-58 '22-'51_ _J&J Riverside 58 1910-53_ ...J&D Riverside Co 58 '25-'54 MAN Sacramento 48 Jan'19-'45 op 4s Sew & Dr '27-'34 J&J
Sacramlo Co43is'19-46J&D BanDlego158 WW•19-'54A&O 4 s 1919-1941 _ ___J&J 4 Wh & Her '20-'52J&J
San Francisco 56 g'19-'55J&J 58 Muffle 1919-1960 J&J
55 1919-1939 MAN 438 April 1922 A&O 3s g July 1 '19-'44_ _J&J
4s Ref. Water Marl 1941 Delta Co 58 ref'30 op'20 JAI)Denver 55 Oet 1919__ _A&O5s Aug 15 1928 _FAA 15
Denver (City and County)-45.s4s Water Nov '48_ MAN
Garfield Co-58 refdg May 1933 op '23.
Grand Jet 54 '26 op '21_J&JLake Co 4sNov'21op'11A&OLas Animas Co 4%s 1931 J&JOuray Co-49'21 op '11 FAAPueblo 6s Sept 1 1921, MASPuebloCo4%sref'3 lop'2 UFOPueblo Co S D No 20 4s
1932 MASTrinidad 5s '32 op '22_A&O
CONNECTICUT4s July 1 1936 J&JAnsonia 43.s 1919-44 ..A&OBridgeport-4%s Bridge '19-'65_ _J&J 4%8 School 1919-25_F&A *0,15 July 11022-1941 J&J *4Xti 1922-1946 Mc° 4s Corp July 1919, _J&J
ElIartford-45'24op'04A&O 45 Funding '39 op '29.A&O
E Hartf Fire D 48 1931_A&O Fairfield Co 43is C IT '45J&J Greenwich 4%s 19-'24. _J&J Greenwich (Borough).-4-
4i-is Funding 1919-38 Jit Hartford-33.8 g June 1 1955_ _J&D
Hartford School Dist-45 241 North '24 op '04 J&J 3%s South MI_ MAN 3e Smith 1955 _.M&S
Meriden (Town)-33.s 1910 to 1924_ _MAN
Middietown-451922___J&J 3%8 1921 J&J
New Britain 4sJuly1'27FA A 3%s Sewer 1924_ . _J&J
New Britain (Town)-3%s Sch 1929 op '09_ F&A
New Haven-4s Sewer 1919-1929 _A&O35%s Oct 1919-1924 ._A&O413 Town 1939 J&J*35%s Town 1919-1929_J&JNew London 4s Soh '27 J&D
Water 1926. J&J Norwalk-444s Jan 15 '54 J&J
4s g May 1935 _ J&J 35%s Water '29 op 19_J&J
Norwich-440 1939_ __ _MAS 4e 1930 _MAS Town 35%s 1925 J&J
Orange-4s H Fund '25.. J&J South Norwalk 45%e '42MAN Stamford 4s Park 1942 MAN
45%s School 1920-1945.J&J Wallingford-.
48 High Sch 1919-'46_J&D Waterbury4 5%sSch•20-21.I&J Ole Water 191927E_ _J&J 45%s School 1922-1953 J&J ls Water 1920-'49 ___J&J 4s Park 1919-1958_ _ _J&J 33.ifi School 1920.'32_ _J&J
West FIartf'd 45%8, '43_JAD Willimantic-4s 1924. .,A&O Windham-4%s 1944... .J&J
DELAWARE3s Dec 1 1927 op '02___J&D NewCa8tleCo45%0'26-34J&D 48 Ref Dec '19 to '24_J&D 35%s 1919 to 1920__J&J
Wilmington-45%s '22 _A&O45%s St & Sew 1934_ _A&O45%s 1028-1937_ _ _A&O45%s Bldg-Con '53-62 MA S4884 &Sew Apr 1925.A&O
01ST OP COLUMBIA3.65s Fund cur 1924 _F&A
FLORIDADade Co. 55 Oct . '47-'54 Duval Co 55%4'32 op'12MAN56 Road 1939 Lit D58 Armory 1944_ _J&J
99100100
100100%4.50%
99%
10010092%955%95
4.75%4.75%
4.75%100
100%
4.40%4.40%4.40%4.25%
4.50%4.50 04.504.504.60%
99
5%------
------
ToNed Bonds Bid. Ask.
4.80 Everglades Drainage Dist-6s 1923-1935 MAN b 6%
Internal g 5s of '09 s f M&S 896% Trees bds May 15 1920 985%
British-Con525%s op'23.Q-J 1 595%45%s War Loan'25-'45J&D 995%55%70 g notes 1919_ _MAN 1005 %% g notes 1921_ _MAN 985%55%s g Feb 1 1937_ _ FAA 1005%
- Chinese Government-4.60 6% Treasury notes Nov
9 MAN 95
4.50 Hu1k9u18,ng Rye 5s Z_J&D15 714.50 5s of 1896 £ red on or4.30 before 1933 A&O4.30 of 1898 red on or4.30 before 1944 NUS - --4.30 Cuban 5s 1944 op 1911_MkS 934.60 "Internal" 5s Nov 28 19134.60 optional MAN 28 854.60 "Ext•i" g 440 '49 op_F&A 814.60 "Ext'l" g 56 1949_ _ __P&A 905%4.60 Dominican Republic-4.60 Cust's adm e f 58 '58_ F&A 904.60 France (Republic of)-4.50 6% National Loan not red4.50 before Jan. 1931_Q-F 16 v $164
Montreal-5s Dec 1 1945 J&D tis e 1 Nov 1 1956.__M&N 4lie May 1954 4a Jan 1944 J&J 4s 1925 M&N 48 rag May 1927__ _M&N 45 May 1 1933 L.... ..M&N 48 May 1 1944 M&N330 Rig May 1939....M&N
New Brunswick, Prov of-334s Jan 1933 J&J b 67 5.754s April 18 1921__A&O 16 b 6 5.75 04s July 3 1930 J&J b 6% 5.7574s 1932 opt 1902 J&J b 6% 5.7545 1932 opt 1902-F&A 15 b 6% 5.75 0430 Dec 1 1925 J&D b 6% 5.75%
North Vancouver 5s '60_J&INova Scotia, Prov 4s '19 J&J 6 675.75748 Jan 1 1920 J&J b 6% 5.75%4s May 1 1920 MAN b 6% 5.75%5s Jan 1 1926 _____ __JAY b 6% 5.7570
Ontario, Prov of, 5s '20_F&A b 6% 5.75%58 Dec 1 1928 J&D b 6% 5.754e May 1925 MAN b 6% 5.754511941 MAN b 6%
2
5.7548 March 1 1928____M&S b
:Re3s 1936 J&J b 69 Ottawa City 50 '19-'45_ _J&J b 69 0.75 043.0 '25, '34, 'as, '44..14a b 6 5.75%3s Sew Sep 28 '28..M&S b 0%5.75%
Quebec, Province of-55 April 1 1920 A&O b63.,% 5.75%Se June 1 1926 J&D b 6% 5.75%
Quebec City 5s April 1920_ _ b6% 5.75%44e 1922 J&J b 6% 5.75731.4e gold July 1930 J&J b 6% 5.7573e July 11031 J&J b 67 5.71;34s Jan 1 1931 J&J b 6 5.75 03e July 1 1933 J&J b 6 0 5.75%
Regina lie 1929 J&JSt Bon1face,Man,55131..J&J2 Three Rivers 530 '20 M&N2 Toronto 5s 1919-1988-J&J b53%%4 1923 J&J b5N%43-s July 1 1924 J&J b534743.e July 1 1925 J&J 653%43-6s July 1 1948 J&J b584 e Jan 1 1949 .14a b5344 s July 1 1953 J&J b53/1,4 a Jan 1 1955 J&J b53/4e t Imp July 1922. .J&J b5348July 11048 J&J b5%33s July 1 1944-'45 J&J b5%
Vancouver, B C-85 1919 opt 1917___J&D 5%Tr's notes'18'20M&S 434e Nov 30 1924_ NI&N 4e Bt Imp Sept 9'22_M&S9 40 St Imp Sept 9'27.M&S0 4s St Imp Sept 9'32_M&S9
VictoriaBC43-4sJan21'24 J&JWinnipeg, Man, 58 '44_ A&O b 6% 5.755a June 1 1928 J&D b 67 5.755a Oct 1926 b 6%/ 5.7548 June 1 1934 b 6% 5.7545 Aug 1 1946____F&A 156 6% 5.75
GEORGIA434s 1922 J&J b 4.25 430 ref 1935-1945 J&J b 4.25 4s July 1 1928 J&J b 4.25 334s Jan 1920-1935____J&T b 4.25Albany-5s 1945 J&D 4.75Athens-5s 1922. M&NAtlanta-430 1922 J&J 4%43-4s Jan 1 1940 J&J 49.443.4s Sewer 1920-'40_ _J&J 49.44s Water May 31 '23..J&J 330 July 1 '31 & '33_ _J&J
4 438
Augusta-5s 1921 M&N 43-4434s Red May 1 '24. MAN 43-4430 Flood Prot '42_M&N4s refunding 1934_.... J&J334s April 1930 A&O
Brunswick-Se Jan '2E _J&J 98- 100Clarke Co 55 1923-'41__J&J b 4.90 4.70Columbus 5s 1919-'22__J&J b 4.60 4.40
434s Refunding 1939_ J&J b 4.60 4.405s W W 1919-1944___J&J b 4.60 4.40
IDAHO434s May 1 '31 op '21 J&J430 Highway '35 op 25 J&J43-is Highw ̀ 37 op '27 J&J.48 Jan 1 1934 op 1924_ _J&JBlaine Co 5s F03'22-'31..1,10Boise City 5s '22 op '12_J&JBoiseC'ySD58'25op'15 MANShoshone County-5s 1919 to 1924 op '15_J&J
434 'Ottumwa 43-is June' 1936..43-4 'Polk Co 43-4s '22-'32 Adz° 1543-4 45 Court ae 19-'24 A&O434 Waterloo-4.70 430 W W Jan 15 '30.J&I4.70 Woodbury Co 55 '25-'32 J&J4.60 4.40 --_
4.604 404.60 4.40% --- KANSAS
Atchison Co- 14.60 4s Refund '29 op '14__J&J 4.90 Emporia-
45(s Dec '29 op '19__F&AEmporlaSD430'32op'22.I&J
4.50 Ft Scott 430 '35 op '10 M&S 4.50 Galena- 4 50 5s W W 1919-1943_ _J&D 4.50 Hutchinson-59 1931_ A&O 4.75 430 Pub Bldg'81op'31J&J
Kansas City-55 Feb 1 1920-1925_ FAA434s Wat&ElL '19-22A&O434s Sch Bldg 1929 ..J&J434s Wat Plant Pur'39.140443 Retg Feb 1 '29__P&A
Loavenw-4 %a '19-'21 _J&.1Morris Co 4%s 'l9-'23. J&JSedgwick County-
5s Fund 1925 op 1915 J&J434s11'ge Oct'27op'17 J&.1
Shawnee Co-4s 1924_Met NTopeka-5s Top Wat Sept '26_ _J&.1430 Elec Light 1929..J&J45 Water April 1 '24. A&O
Topeka S D 4s Jan 1925 J&JWichita-55 1929 opt 1919 .1&.1430 1923 A&O
Wichita School District-430 July 1 1923 MO
Wyandotte County-434s Bridge '32 to '41P&A
ILLINOISChicago 4s 1920 to 1924_J&J 48 'World's Fair 1921....J&J 4s g 1920 1925 J&J 48 g Judg 1920 to '24_ _J&J 4s g Gen Corp '20-'25_J&J 4s 1920-1931 J&J 4s Ref Wat 1922-1935_J&J So Park 4s '19 to '24_J&D Lincoln Park 48 1923_J&J No W Pk 43.4s '20-34 J&J b 4.90 4.60%W Chic Pk 4s '19-'31_J&J
Chicago Sanitary District-4349 July 1 1923-1926_J&J48 Dec 11910 to 1923_J&D48 Sept 1919-1931_ M&S
Cook Co-4s 1919-'25_M&S40 Ser K 1919-1931_J&D4s Ser M 1019-1933. ..J&D4s Forest Pres'19-'34 A&O33is g 1920 to 1923 _J&J
East St Louis-430 ref Sept 1 '28_ Sept 1
Joliet-5s 1919-1925___M&SMoline 430 1919-'32_ _J&JPeoria 430 '19-'24_ _ _ June 1 b 4.75 4750%Rock Island 5s 1919-1923Springfield 33-48 ref '20 Sept
INDIANA (see foot-note o)oBooneCo4sCH'19-'20 MAN o 4.45Cass County-04s Bridge 1919-33M&N15 o
o4s Ref 1942 J&J o°Floyd Co 4s 1920-'30_ J&J,_ oFtWay-3%sJan 18'20 J&J ooFtWayne S D 4s'19-'23A&O o ______°Franklin Co 45 '19-'30_J&D ooHeudricks Co-
4s C HJau '15'23'32 J&J 15 • 4.45oHuntIonCo330'19-'24J&J • 4.45Indianap-4s Mar 1 '24.J&J 4s Park Imp Jan 1 '27_ J&J o4s Fire Dept rue 1 '41 J&J oo334s Hospital 1938. ..J&J oo33-i5 City Hall 1939_J&J o
oIndlanap S D 4s '19-'26 J&J oo4s Bldg Sept 1 1946_ _J&J o•334s July 1 1941 J&J o
Jeffersonville--o33.0 Refund 1025__M&N •
°Knox Co-4s 1919-'20_J&D •oKokomo 4s'21-'26-'31_M&S •°Lafayette 430'200p'15J&DoLe, Porte Co 5s '19-'28_ He D •oLoganspt 334s'26 op'16 J&J •o434aSch 11 '19-'37 J&D 15 •
Dee Moines 5s '19-'21_Se Municip 1919-1957 I &J430 1919-1931 MAN4s City Hall 1919-26_ _J&J
Des M Ind S D 430'32_J&JDubuque Co 4%s '21-'31J&JFremont Co 5s '19-'35_ _J&JGreene Co 58 1920-25 A&OJackson Co 5s 1919-30_A&OMarshalltown Ind a D-430 July 1922 J&J
O'Brien Co 5s 1920-25_ FAA
Oklah ornal
b 4.80b 4.80
b 4.85b 4.80
4.654.65
4.304.304.304.304.304.30
4.304.304.30
4.704.65
4.65
4.65
4.704.70
4.654.604.604.604.554.554.554.554.554.604.60
4.70% --4.65%
KENTUCKY ITax-exempt: an amendman
lion of Kentucky passed at thAprovides that all bonds of tnuit.now issued or hereafter to be usexempt.Bell Co-
ils Ct H Dec 15 '38J&D 15Covington-430 W W 1919-1951 4s Redemption 1922..F&A4s Water 1927 J&J48 Fundg 1952 op '42 F&A
Fayette County-4 sis g Fund '20 to '24 .141a
Frankfort 430'27opt'17 J&JFranklin Co 5s '19 to '24 J&JHarlan Co-5s Rd & Bldg '22-'48_M&S
Lexington-4s Feb 1945 FAA
Lexington S D 45 1938_ J&DLouisville-430 Hospital 1951.,430 School impt '54..A&O4s Muss Imp 1O23 J&J48 do Dec 1 '28_Q-M4s Park 1930 J&J4s Ref'g July 1 1937 J&J45 Sewer 1947 FAA4.5 Loulsv W Co 1946-1&.145 Loutsv Wat Co '50 F&A33.4s g Ref'g 1940M&N330 Refunding 1943_J&J3s Sewer & Park 1941_J&J
McCracken County-5s Ref 1933 op 1913_M&S58 Ref 1933 op 1923_M&S
Owensboro-48'31 op'11J&J4s Street 1930 op '15_ J&J
Paducah-48 Oct 1 1920 A&O
LOUISIANA55 Port Comm'n '20-'54 A&O5s Port Comm'n '24-'59 J&.1Sc Port Ooze '23-'55.._J&D430 Ref 1919-1964___F&A430 Pt Comm '25-'57_M&8Atchafalaya Levee Dist-5s Ref 1949 op 1939_M&S
Bossier District Levee-& 1922 opt 1912__MdcN
Caddo District Levee-5s 1951 op 1941 J&J
Fifth District Levee-5s 1950 opt 1940 J&J5e 1952 opt 1942 J&Jtls Oct 15 1962 op '52 A&O55 Oct 15 1963____A&015
4.70%b Basis. f Flat price. n Nominal. o Tax-exempt; under a law approved March 9 1903 and which went into effect April 23 1903, bonds issuedafter that date by State or municipal corporations are tax-exempt, and these sell on a better basis. 8 Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919 STATE AND MUNICIPAL BONDS 51
Bonds Bid. Ask.roNet.
MAINESs June 1 1919 J&D 100 4s Sept 1 1919-1953___M&S 4.354s Highway 1919- 1936_M&S 4.35Auburn-33%s 1925____J&J b 4.50440%
4.3 1935 & 1940 J&J b 4.504.40%Augusta-4s Ref1919 FAA 99
Bangor-4sRef Water'35J&J 4.404s Fund '20-'30 tax ex..J&J 4.30
Bath 48 Ref 1941 J&D 4.40Biddeford 4s '19-'35___MAN b 4.70 4.50%Cumberland Co 33%s J'ue '21 98Gardiner Water District-
4s Jan 1934 J&J 92 Kennebec Water District-3%s g 1920 & 1925 __MAN b 4.80 ___
Kittery Water District-5s Jan 1920 to 1938_ __J&J 101
Lewiston-48 g Oct 1927 A&O 963%
Portland-4s Aug 1 1929 Ftic A 4.354sCitylia111926to'45A&O 4.354s ugh Sch 1937 4.3533%s g Ref July 1022_ _J&J 93
Portland Bridge District--3%8July '19 to '39 _ _M&S b 4.40 4:30%
Portland Water District-4s Funding 1928 J&D 96 973i
Waterville-4s g July 1 1927 9533%s Sept 1935 M&S 86
MARYLAND43%s Aug 15 1921-33_F&A15 4.4048 1926 to 1928 4.404s 1928 opt 1923 J&J 4.404s Jan 1 1029.. J&J 4.404s 1019-1029 F&A 4.404s Roads 1920 1930____P&A 4.40,3 8July 1019 opt 1914_J&J 4.40133%s Roads 1923 to 1928_ 4.40Annapolis 43%s W W '42A&O Baltimore-
43%s Mar 1 1919-55__M&S b 4.404.30%4 s Mar 1 1055____M&S b 4.404.30%4s Nov 1 1920 MAN 953% 48 Water 1926 MAN 953% 48 Aug 1 1951 FAA 953% 48 Annex 1954 J&D 953% 46 Parks 1055 MAN 953% 4s Mch 1 1961 M&S 953% 48 Aug 1 1961 FAA 953% 33%s July 1 1030 J&J 93 9433% Imp Imp 1940 J&J 89 90 --
33%, March 104&_ _M&S 8833%e Refunding 1962.. ...1&J 853 Soo 'age Imp '80_A&O 80 8133%s Jan 1 1927 Jda 86 90
Cum erland 43-4 WW'41A&O 4s Water 1923 FAA
Frederick-4s 1919 opt 1903 J&J
Hagerstown-5s water 1933-1987_ _A&O
MASSACHUSETTS4%s May.1919-1022 __MAN 1003/a 1013%4s 1919-52 (tax exempt)Var. 97% 98% _ _ _33%s gold Nov 1923__MAN 953% 963%334sg.Jnly 11936 Jir.1 883% 893%33-4s Water 1042 J&J 86 873%33%s g July 1944 M&S 85 86%3s April 11029 A&O 873% 883%3s g ay 1929_ MAN 873% 883%36 Met Sewerage 1036_M&S 823% 833%3a g July 119:19 J&J 80 813%38 g Water Jan 1 1941_ _J&J 793% 813%Arlington-48 Water '22 J&J 973% 983%Attleborough-4s 1924 _J&J 963% 973%
33-4s March 1935____M&S 873% 883%Beverly-4s Sewer 1010-36.. __A&O 953% 063%
Beeton-4%s Tun 1060 tax ex.A&O 983% 100Is Water 1919 A&O 09% 46 Park 1920 J&J 99 is July 1936 J&J 93 4s Apr'19-'37(tax-ex) A&O 963% 983% __ _4s 1019-1939 (tax-ex)_J&J 963% 0848 Tunnel & Sub '48_J&D 914s Sub 1957 tax ex.__A&O 933% 953%ils Sub 1958 tax ex.__ _Ada 933% 953%43 Tun.&Sub'59 taxex.J&J 933% 953% _ _334s Imp Sew'age '19_J&J 99 ___33%s June 1 1023____J&D 953% ______33-s June 1 1924____J&D 943% 33%s June 1 1032.. _....J&D 893% __
33.4s June 1 1934____JAD 8833-4s July 1 1935 J&J 873% 33%s June 1 1943____J&D 84 ___33.4s June 1 1944____J&D 833% ______33'O July 1 1945 J&J 83 36 au 1 1921 Jar.1 953%
Brockton, 48May 1927 MAN 953% ______ ___35.s Water 1932___ _MAN 89
Brookline-4s Water 1919 to 1923 J&J 9731 ______ ___
Dambridge--3%s Water May '25_MAN 933% ______ __-34 Bridge 1041 FAA 78
jheisea-4s Park 1936_A&O 93 Mverett-4s Sew 1929.. ..M&S 943jFall River-4s Municipal 1922_ FAA 97 33-4s Water Feb 1930.. FAA 90
Fitchburg 45 1922 A&O 97q 33-4s Water 1926 Jdr.11 923%
3ardner-4s Water 1910-1934_MAN 953% ______ .....
31oucester-3%s Water'19to'31_A&O 933%
laverh111-4s 1927__.. _J&D 95%
Bonds Bid. I Ask.110Net. Bonds Bid. Ask.
Jo.Net.
EIolyoke-4s gold 1927_J&J33.4s Dec 1919-1932__J&D
Lawrence 4s 1924 J&J4s Mch 1 1919-1922_ _M&S
Leominster-4s g 1926_ A&OLowell-4s Water 1920.M&NLynn-4s July 1927.. _J&J
33%s April 1 1032____A&OMalden-4s 1924 MAN33%s Water July 1 '24_J&J
Marlboreugh-4sJuly'26.T&JMedford-4s Feb 1930.. FAA5s Apr 1 1919-'28 tax-ex'pt
Melrose-4s June 1924_ JA DMethuen-4s 1928 FAAMiddlesex County-4s 1919 to 1924 J&D
Milton-3%8'19 to '32F &ANew Bedford-4s Water Apr 1 1926_A&O45 Sewer 1919-41 (tax-exempt) MAN
33-4s 1923 FAANewburyport-334s Water '19 to '34_J&D
Newton-4s Water Aug 1935 .FAA33-4s Water Dec 1926_J&D
Northampton-33-4s g 1919 to 1926_ __J&J
Quincy 48 Sep 3 '19-'22.M&S3%s April 19 to '39 _ _ A&O
Salem-4s 1919 to 1920.J&D43 Jan 1 '32-'54 tax-exempt
Somerville-4s July 1919 J&J
Springfield-33-4s School 1935 J&J3s Sewer 1930 J&D
Taunton-4s 1927 J&D33%s Sewer Dec 1 '30_J&D
Wakefield-4s Water 1919-1933_A&O
Waltham-3%s July 1920_
Watertown-4s '19-'34_J&J33%s 1920 to 1929_ _J&J
Winchester-4s Sewer Dec 1 '19-'24J&D
Worcester-4s 1922_ A&O4s Jan '23 (tax-exmt)_J&J33%s April 1 1922_ A&O
Minneapolis-431s Impt 1919-1920_J&J4%s 1921-1925 J&D 4 %,s 1926-1935 43%s g July 1920 J&Jib43.s Mch 1919-'37__M&S:b43%s School 1941 4s School Jan 1927_ J&J4s May 1 1927 MAN4s School Jan 1 1935__J&J4s Improvem't 1937__J&J4s Improvern't 1942_J&D43 1944 A&O33.4s School Jan 1 '29_J&J33-s Water-Wks '32__J&J
Ramsey Co -3%s May 6 1921__MAN
Red Lake Co-5 %s'20 _A&OSt Louis Co 5s 1923-29_JA-JSt Paul-
5s Refg July 2 1922-31J&J43.4s July 1935 J&J43.4s Park June 1 1943J&D4%s Sewer July 1 43_J&J41.s Water Aug 1 '43 FAA43-4s Refg Tda431s Nov 11031 4s Ref March 1 1939 .M&S4$ Sew'age July 1 '39_J&J43 March 1 1940____MAS33-4s April 30 1922_ _MAN
South St Paul 53.4sref'33 J&J
MISSISSIPPI531s Apr 1929-1934_ _A&O 43.4s 1919-1934 J&J 431s July 1 1921-1935_ _J&J 431s July 11931L___J&J 33.s Refund Jan 1 1927..J&J 33.4s State 1934 op '14__J&J Greenville 61 1920 J&J 5s Refund Sept 1927 _M&S
Jackson 53.4s July 1 '33 J&J 6s Water Aug 1 1928 FAA 5s Water 1930 FAA 5s June 1 1932 J&D
Meridian-6s May '24_May 5s Dec 11039 J&D 43.46 Sch House 1941 J&J
Mississippi Levee Dist-58 May 2 1044 MAN 5s July 1 1953 J&J 4%s Sept 1934 MAS
Lansing-5s 1919 to '23_J&D 4.70 St Joseph 48 1923 FAA 96 97
Is Water 1920 JAJ 4.70 4s 1924 M&S 96 97
Marquette 33-4s 1926___J&J 4.70 48 1926 MAN 96 97
Muskegon- St Joseph School District-
56 Water 1919-'25____J&J 4.70 43,4s 1925, 1930 & 1935_ 4.80
43.48 W-W 1920-'44___J&J 4.70 St Louis-Is May 1 1934 MAN 4.70 434s Bdge-Compl '35 A&O 100 102
Muskegon School District- Is InBane Asy'm '28_A&O 95 975s 1942 July 4.75 Is Public Impt 1928__J&J 95
Muskegon County- Is Public Bldg 1020_ _A&O 95 97
43'4s Jan 1 1932 J&J 4.75 45 WW Renew '31__M,TzN 95 97Pontiac- 4s School 1937 J&J 95 97
43.4s W WImp '31-'47MA 4.75 4s School 1938_ _ _ _ __JA.1 95 97Port Huron- 3.65s Hen Jun 25 '27_J&D 93 99
4s Jan 11032 J&J 4.75 33-4s April 1 1925_ __ _A&O 96
33.s Park July 1 '20._ J&J 4.75 33-j0 g April 1 1922.__A&O 963-4Saginaw- Springfield Ss '32op'17_J&D 4%8 Wat May 1 '25M AN 4 6533.4s Wet Mch 10 '20.M&8 4.65
Sault Ste Marie- MONTANA45.45 Bridge July 1 '20.J&J 4.7040 gold July 1 1932___J&J 4.70 Billings .5s 1934 op '29J&J 4.70
58 g Water & Lt 1926 J&J 4.701 4s 1925 option 1915_ MAR 4.80
43.4s g July 1 1926 _Jdzi Eielena 5s 1931 opt 1916 J&J 4.80
Is g Water de Lt '28A&O 4.70, Fielena S D No 1 4 k4s'22J&J 4.80
4s Water & Lt 1936 ..A&O 4.70. Jefferson Co 434s 1919_ JAI 4.80
Duluth Ind Solisol Dist- Kalispell 53 1933 Jct.; 4.80
56 May 1 1923 M&N 4.751 Lewis & Clarke County-
43.4s Feb 1 '40 op '30F &A 4.75 C Hg 1919 J&J 4,80
Is 1934 opt 1924__A&O 4.75 Lincoln Co 56 '32 op '27..J&J 4.80
Hennepin County- Se Fund Mch'31 op'21J&J 4.80
414s Ct fr Apr 1924_ A tic 0 4.50 %Ittsoula 44s '24 op '14 J&J 4.80
b Basis. I Fiat Price. a Nominal. 0 rax-exempt; under a law approved May 13 1909, and which went into effect Sept. 1 1909, bonds issued
after that date by municipal corporations are tax-exempt and these, accordingly, sell on a better basis.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
52 STATE AND MUNICIPAL BONDS [VoL. 108.
Bonds Bid. Ask.toNet.
Missoula County-4s Ref 1921 opt 1911_ F&A
Phillips Co-Ss Ref Dec 1935 op '33J&J
Yellowstone County-/Ss Ref 1919 op 1908_ .J&J
NEBRASKADouglas Co-4s '19-'28 A&O350 1922 J&J
Grand Isl 43-is '25 op '10J&JLluroln-4s 1919____F&A4 %eller 20to'29op'20F&A4s Ref 1919 op 1909_M&8
Lincoln School District-4s 1924 opt 1909_ M&N
Omaha 43.s 1919-21_Mar43s Renewal 1924 J&J4s Mar 1 1932____M&S4 M s Refunding 1934_ J&J43s W W Dec 15 '41_J&J
Omaha S D 4s 1928 ..J&J4 Ms July 1931 J&J5s 1948 J&D
So Omaha4Ms'24 op'us J&DSouthOmahaSD-5s '23 J&J
Ss Dec 1929 J&D
NEVADAReno-8s 1924 op 1909_J&JWashoeCo8D5s'19to'29M&8
• .....
NEW HAMPSHIRE8s Hospital 1919-'25_ _J&J 98Berlin-4s Ref 1919-35 M&N Concord-4s 1923 J&J b 4.503s 1924 to 1929 J&Jb 4.50
Dover 33s '28-'31 J&Db 4.50Laconia---4s 1924._ . _ _A&Ob 4.50Manchester-3s Fund Apr 1 '19_ A&O b 4.50
Nashua-381923 A&Ob 4.5Pembroke 48 '24-'34_ _ _ F&A b 4.50Portsmouth 48 g Bch '23J&Db 4.504s Ref Water 1932_ _J&J b 4.50
Rochester-4s 1922 J&D b 4.50
NEW JERSEYAsbury Park-5s 1924...1&D4 Ms School Jan 1943_J&J
Atlantic City-5s 1925_J&D4s g Water 1926___J&J4s Water 1945 J&J4s Paving 1938 J&J43s Water 1944 J&J4s Jan 1 1945 J&J4s Water 1930 J&J
Atlantic Highlands-40 g Sewer July 1 1928 J&J
Bayonne-5s Fund 1928 J&JSe Water 1920-1943_ J&D5s Jan 1 1920-1949 J&J4Ms Funding 1931___J&D438 Jan 1 1933 J&J48 Floating Debt 1928 J&J
Belleville-5s Fund1924-l934-1944_ _M&N
4s Funding 1946 Belleville B D 58 '27-44 M&NBergen Co 58 Dec 1 '19_J&D68 Dec 1 1944 J&D58 Dec15 1919-1955J&D150-is 1919-1939 A&O4s Aug 1919-1938 F&Ate Bridge '19 to '24 F&A48 Court Him '19-'38_A&O
Bloomfield 58 '19-'23M&NCamden-43s Wat '23_J&J43.s Dock 1930 A&O4e School 1943. A&O48 Paving 1929_ M&N
Camden Co 4s 1933..F&A48 1944 J&J
Cape May-58 1934___J&D0.58 School 1919-51 M&S4s 1919-1952 M&S
East Orange 00'25-45 F&A4s 1934 A&O48 Water 1933 J&D33.8 Water 1933 _.A&O
Elizabeth 4s 1953 A&O4s Sch Jan 1 1955__J&J48 1922 op J&J
Englewood-48 Sep '35 M&SEssex Co43.s Road '53_F&A b 4.654.50%44s L'd Purch '20-'46 J&J b 4.65 4.50%48 1926 F&Ab 4.654.50%4ag Park 1938 F&Ab 4.654.50%4s Hospital 1946 F&A b 4.65 4.50 o3.650 Park '20 to '35..F&A b 4.654.50;
Fairview-5s 1944 Gloucester Co4Ms'19-'26 var Hackensack-4s 1942F& A Harrison-4s 1930 J&J Hoboken-43s 1940 J&J 33-01931 M&N 58 School 1920-1954__J&J
Hudson Co-43-s 1948_ A&O 4s Road 1923 J&J 4s May 1 1950_ _M&N 4a g Park 1959 & '54_ M&N 4s County Bldgs '46.F&A 4s gold Ref 1935___F&A 3s Bridge '19 to '20.A&O
Irvington lis School '63_J&D Jersey City-58 gold assess 1924_ _ M&N 58 Water June 1 '21...I&D 4s School 1919-58_J&D 4 s Refunding 1928_J&J 4s School 1945 J&J 4 s Water 1961____A&O 4 s Sch Mch 1961- M&S 431s Park Mch 1961_ M&S 4s Water 1932 A&O 4s 1935 J&D 48 Refunding 1949___F&A 3M Refunding 1920_J&D
Kearny 0.58 1936 F&A 43s April 1962._ _ A&O
Bonds.
Lodi-Ss 1920-1947____J&J 4.80 Long Branch 5s 1943_ M&N
4.75 4Ms 1933 to 1944_ M&N4.75 4 Ms Feb 1 1945.. F&A4.70 48 N C Hall '23 to '32._JdzJ4.70 Perth Amboy 4s Apr 1944..4.70 4M8 School 1938 4.70 4Ms Funding '19-'27_A&O4.70 Plainfield-4s '19 to '34_ J&D4.70 48 School 1959 M&N4.70 Rahway-4s Adr22 op M&N
Ramsey Sc Water 1921-'40_4.90 Ridgefield 88 July'19-'31J&J4.60 Ridgewood 513 1919-'26_ F&A4.60 Riverside 5s 1925-'32_ A&O 4.60 Sea Isle City 58 1943_ _F&A 4.60 So Orange-4s '19 to '44_J&J 4.60 Summit 4Ms Bch 1941_F&A4.60 48 1933 M&N
Trenton 4s May '24_M&N 43-is Water 1943 A&O48 'Fund 1934 A&O 48 City Hall 1939.. _J&D 3e Sch Nov 1 1929.M&N
Union Co 4e 1937..M&54M8 1942 M&S 48 Oct 1 1942 A&O
NEW MEXICO45.is ref 1953 op 1933_ _J&J4Ms Dec 18 '52 op '22_ J&D48 Ref June '33 op '23_M&Sis Bldg 1929 op 1919_ _M&N48 Fund 1939 op 1919_ M&S4s Highway 1921-1944.. J&JAlbuquerque 4Ms '29. M&S5s W W Dec 1062
4.55 4s Canal Term 1942..4.55 48 Canal Term Jan 1946_J&J4.70 4s g High Imp Mch '58.M&8
48 g High Imp Sep '58_M&S4.55 411 High Imp Mch 1960_ M&S4.55 48 Canal Imp July 1960_J&J4.55 48 Canal Imp Jan 1961_J&J4.50 4s Canal Imp July 1961_J&J4.50 40 HIghw Imp Mch '61_51&S4.50 48 Palisade Park 1981.... M&S4.50 48 Canal Jan 1962 J&J4.50 48 Highw Imp Mch '62_ M&S4.50 48 HIghw Imp Sept 65_M&S4.50 48 Canal Jan 1966 J&J4.80 4s Canal Imp Jan 1967_ J&J
4s flighwImpMch 1967. M&S4.50 4s Palisades Park 1967_M&S4.50 3s gold Jan 11923.J&J4.50 3s g Jan 1 1956 J&J4.50 38 g July 1 1958 J&J4.50 3s g Canal Jan 1 1959_ .J&J4.50 Albany 6a 1919 M&N4.50 43 s June 1 '19-'28 J&D4.50 4 s Water 1919-34_M&N4.50 4 s Oct 1963 A&O4.50
40
s Water 1932 M&N4.50 431s 1919-1954 J&D4.50 46 Park 1920 to '30_ M&N4.75 48 High Sch 1920-31_F&A4.75 3s Pub Imp 1920-24F&A
Bid. Ask. ./11/e1.1 Bonds.
4.801 NEW YORK (Concluded) 4.85' Albany Co-33.s'19-25 F&A
4.85 3s Aug 1 1925 . F&A4481936-1937-1938 M&N
4.80 Amsterdam 5s Wat 1919-37_ 4.55 Aubu'n-4MsDec6'19-'31J&D 4.55 4s Water May'19-'25 M&N 4.55 43js 1925-1934 4.55 Binghamton 4s '28&'29_F&A 4.55 48 Sew Disp '22-'36._ F&A 4.55 3s Bridge 1935_ _F&A 4.551 Brooklyn-d-6s 1924_ J&J 4.55 5s Bridge 1919 J&J 4.55 48 Bridge 1926 J&J 4,55 48 School 1920 J&.1 4.55 3Ms g 1920 to 1937. J&J 4.55 3Ms g July 10 1925_ _J&J 4% 3s gold 1927 J&J 4.45 3Ms g July 10 1934.. J&J 4.45 3Ms gold 1936 J&J 4.45 38 Bridge 1925 J&J 4.45 Broome County- 4.45 58 Hospital 1919-33_M&S 4.45 Buffalo-7s 1024 & 1925 J&J 4.45 (38 Parks Jan 1 1924.. J&J 4.45 4 s Nov 15 1933 M&N 4.45 4 sSchNov15'19-'33M&N 4.45 4 s June 15 1944_J&D 15 4.45 436s June 15 1964_J&D 15 4.45 4s 1919-1968 J&D 4.55 4Ms Feb 15'62 op'32_F&A 4 55 4s School Aug 1 1929_F&A 4.80 48 Serial 1919 to '29.. F&A 4.801 48 June 15 1919-'30 _J&D
4.80, 48 June 15 1960 J&D 4.90i 3s Park Reg 1927_ F&A 4.60 33,s Water 1919-35_M&S 4.60, Elmira-4s 1935 M&S 4.60 43-is Water 1919-1945A&O 4.60 44s Apr 1 1933-1935____ 4.60 38 Redemp '19 to '21J&J
4.55' Erie o4Ms'19-136tax-ex J&J 4.55, dFarRockaway 5s '19-'21J&J 4.55' Franklin Co 00'31-'40 M&S 4.551Fulton-3.40e '19 to '29 J&D 4.55 Geneva-4s Water '26_A&O
4.55 Glens Fa1ls-43s ref sewer 4.55 Aug 311919-1928_ F&A 4.55,1 Haverstraw4.128.19-137M&S 4.55' Ilempstead-d-4s g 1923 ..1&.1 4.551 Herkimer-4a'19-'27111&N 4.60, Hornelleville-33.s '21_F&A 4.60; Hudson -4s Wat 19-'22 July 4.60, 43.4s High Sch '25-'32 A&O 4.50 Irvington 4.108 '20-'36_A&O 4.501 Ithaca 4.308 '27 op vs.r__J&J 4.75 4 Ms Ref Water 1942_ J&J 4 901Jamest'n 48 Mch 20 '43_ A&O 4.85: Johnstown 43.s Dec '23-'37 4.60 dKings Co 4s May 1 '19-'44 4.90; Kingston 33s g '19-'36_ A&O 4.90; 434e 1919-1925 A&O 4.60 Long Island City-d 4.65 4345 1919 to 1923 M&S 4 65, 48 Water Sep 1 1920_M&N 4.50, 33.s Wat May 1 '20_M&N 4.50 Madison Co 4 Ms'20 -'29 Febl 4.50 Middleport 4.35s'19-'42J&D 4.50 4.35s sewer '19-'39_ _J&D 4.50 Middletown-33s'31__RtzA 4.55 Mt Vernon 4 Ms '31-'43_ A&O
SchenectdyCo41.4s'42 '58J&JSolvay 4S4s 1919-49. ..F&ASuffolk Co 41.s '24-'32_ _J&JSyracuse-4s Wat 1920_J&J4s 1919-35 Var 5s May 15 1919-1938 4s Refunding 1929. __J&D4s Water July 1 1920 _J&J3gs Water 1928 J&J3s Water July 1 1920_J&J
Tloga Co ffs 1910-30. _M&STonawanda 41.s '20-'42_J&JTroy-4gs 1919-1925 J&D44o School 1919-31__F&A434 Feb. 15 1919-195748 Water 1919-1925__J&D4s Sept 1 1926 3gs Water 1910-36. _J&J
Utica-4gs 1919-35_ _M&N33s Nov 1 1919 to '35 Nov
Warsaw Union Fr S D No 1044s 1920-1942 Oct
Watertown 4s 1942 J&J4s May 1 1938M&N33.s Sewer '19 to '27 M&N
West Seneca 5s '19-'38_A&O'Westch'r Co 3 gs'27&'28J&D
5s June 1 1929-'54__J&DOis Co Bldg 1927-44 A&O4s Co Bldg 1920-59_ _M&S46 1930 to 1935 F&A4s San Sew '33-'82_J&J
White Plains-4s '19-'28 F&A3s Water 1931 A&O4,4o Fund '21 & '22 J&D58 Refunding 1922 A&O
Wolcott 4 %Lily 15'19242.1(U'Yonkers-4s '19 to '25_M&S
4s Water '19 to '22 _A&O440 Mar 1 '27-'S0. _A&O33-4s May '19 to '24 F&A5s April 1 1923-27So 1920-1938 A&O6s 1919 A&ONORTH CAROLINA
6s Construction 1919_ A&O43 Refunding 1950 J&J4s Building 1951 J&JAlbemarle 6s 1920-1938 F&AA.aheville 5s Ref 1941 J&J58 School 1943 J&J5Yis 1919-1957 J&J;isStreet 1920-1936_ P&A
48 April 1922_ A&OBuncombe Co 5s '19 246 J&D44o Funding 1930 ..M&SOs lidg '28-'37 A&O
Charlotte-5s St &Sew '29 J&J5s School 1920-46_ _ _ _P&A43o Water Mar 1935.J&J4 s Water Oct 1 '41_A&O4 s School Oct 1 '41_J&T4 s July 1 1942 J&J
Durham-41.sSew&LV41.1&J4s Fund 1921 to 1940_ _5s Water 1920 to 1945 J&J5s Fd dr Sower '19-'39P&A
Granville Co-4.l--s '39 M&NGreensboro-5s W W0 .T'3 J&5s Aug 1 1942 ___ F&A48 Water-Wks 1954 J&J
Greenville 5s W W '58_F&Alredell Co 5s Aug 1 '42_ F&ALee Co 5s Road 1952_Lincoln Co fis 1943 & '48 J&J50 Bridge 1937-1951_P&A
Mecklenburg Co-6s '20 M&N5s Fund 1919-1936__M&N41.4s 1043-1947 M&S
Raleigh 6s 1920 J&J110 1927 A&OSo Munic Bldg 1939 _J&J5s Water Wks 1943_ _J&D1313 Impt June 1 1944_J&D
Rutherford Co So '23-'52 J&JSurrey Co Os May '33-'58Wake Co 5s Fund '48.. J&JWeldon Os Jan 1924-1942__ _Wilmington-5s F'd '22_J&JSo ref & impt 1955 A&O4 go g Wat & Sew '48 A&O41.s Wat & Sew 1052. J&J4s g Ref July 1 1929__J&J
Winston-Salem-5s '24 M&S5s gen impt 1944J&J50 Sept. 1919-47 M&S 4'.4o July 1 1952_ ...T& I
4.30 NORTH DAKOTA 4.30 4s Fund'g Mar 20 '21_ _M&N 4.50 Grand Forks- 4.30 5s Refund May 1924-38- 4.80 4.30 Renville Co Os Mar '22 4.80 4.30 Ward Co 4As July '25 _J&J 4.80 4.35 4.35 OHIO (See foot-note')
b 4.40 4.20 ___ *Akron-55 1923 b 4.40 4.20% 4,5s '19, '20, '24 & '28M_Ne
4.60r 4.60,
b 4.40 4.20% *5s Water 1919-1953_A&O 4.604.20% *5Ai3_W W 1924____M&S 14.60%b 4.40 4.20 *4gWWDec31'19-37J-D31 4.60
b 4.40 4.20% 4s W W 1942 A&O 4.50
b 4.404.20% Alliance 4s '27-'32 J&D 4.50
b 4.40 4.20 Ashland Co *5As Bridgeb 4.404.20% Oct 15 '19-Oct 1 '23_A&O 4.75
b 4.40 4.20 -- Butler Co 43s '21&'24_J&J 4.50
b 4.40 4.20 ___ *43isFl-Emerg'21-'3151&N 4.70,
o 4.40 4 204 Cambr1dge-4gs'20-'34 J&J 4.50'
b 4.40 4.20 0 ___ 40 1923 J&J 4.50 4 30 *50 Sew 1953 M&S 4.80
Toledo Sch Dist-4s '23 to '29 Warren Co 59 1929-'34_M&S Youngstown *5s '19-'25 Ade()*001919-1957 A&O
Youngstown School Dist-*434s 1944-1947____M&Sb 4.85
Zanesville-4'5s City Hall& Mkt 1920-'39 M&S
• OKLAHOMA434s Oct 15 1924-'33_A&O 15 1014s Funding 1919-27__FdrA 100Ardmore-5s 1922____M&N 10034Canadian Co 4s '22-131..P&A 97Muskogee-434s 1925_ Mdc N 100.79 ______5s Nov 1 1924 M&N 100.64 ______5s Funding 1929__M&S,101.06 . _____5s Sewer 1936 M&S 101.48
Okla City-5s '37 op '22P&A 100.24 5s Water 1936 M&S 101.48 5s Fund Oct 9 '36__A&O 9101.48 5s Fire Dept 1934_J&D 101.38 434s Sewer 1936 P&A! 10143is W W 1941 J&J 102.17
Okla City S D 4s 1933 J&J 98.615s 1926, 1930, 1931.. Var. 11)0
Okla Co-434s '24-'33_J&D 101.31Okmulgee-5s W W Exten Mar 15 '43_ 99 100
OREGON40 Highway 1923-42___A& to Highway 1922-41_ _A&O Albany 5s ref '31 op '21.A&O 101Astoria 5s 1953 J&D ..„ 101Baker City 5s 1934 M&14 b 57 4.90%Clatsop Co 58 1934 A&O b 59 4.90%Columbia Co So RoadApr 1 '19-'24-'29-'34_A&O _
Dallas City 5s '19 -'26_M&NEugene 5s 1942 MilcS Multonomah Co 454s'32J&D b 5.10 4.80%
5s Road 1920-1929 M&N b 5.10 4.80%Portland-5s g C H '22_J&J 534s Aug 1928 F&A 5s Water 1923 J&J
434s Dock 1943_ M&N 41-4s Oct 1920-47 A&O
iSs; Bridge 1925._ _A&O
4s g_Bridge 1934 J&J 4s Water 1937 M&N
Pt ofAstoria5sHar'24-'29J&J 97 101Pt of Coos Bay Harbor 5s.. -- 97 100Port of Portland 5s '22 J&J _40 Dry Dock 1934____J&J _ .
Salem-5s Sewer'19-'33M&N 101
PENNSYLVANIAAllegheny-4s '22 & '27 _J&J b 4.30 4.20748 Street Imp 1937__M&Nb 4.30 4.2031.40 1919 to 1931___AdrOb 4.40 4.25
Allegheny Co 4 Ms '43_M&Nb 4.30 4.20 _04s Road 1938 RSA b 4.30 4.2074s Road 1939 A&Ob 4.30 4.20
P40 Bridge 1942 &Ab 4.30 4.2033-4s 1942 opt 1922_ _ Mdr N b 4.49 4.25
Harrisburg-4s 1920.__J&J b 4.40 4.2574s Aug 31 1926-'32 M&Sb 4.40 4.254,14s Pub Imp '19 to '38 M&Sb 4.40,4.25
Johnstown-5s '21 op_ M&N b 4.50 4.30%4S4s Sept 1 1923 M&Sb 4.51)4.30434s 1920, 1925& 1930..._ b 4.50 4. 30,4,4s Building 1930 opt M&S b 4.50 4.30 0
Lackawann% Co 40 1944F&A b 4.404.25%Lancaster-4s July'19 -20Q-J b 4.40'
'4 . 2570
4s Street Em '38op'28 A&O b 4.404 257334'm Sewer 1934 ._ M&S b 4.50;4.351
Lancaster S D 4s May 1945_b 1.40,4.25 0LowerMerionTp 4s,4 As,4 b 4.40 4 . 25%McKeesport S D 434o 1919- 1.1943 M&N b 4 40 I 311%
Norristown S D 4 IV '43 J&J 6 4 31,4 25%Philadelphia-4s 1937_ _J&J 96 97
43-4s May 1918 J&J 103 104
434s Nov 11948 J&J 943/3 9S%4s July 1939 J&J 9634 974s July 1940 J&J 9634 97 ,
48 Nov 1943 J&J 96g 97g4s July 1942 J&J 9634 0734
4s Nov 1944 J&J 90g 97g40 Jan 1945 JSr...T 9634 9734is Jan 11946. J&J 9634 97 14s Nov 1 1900. Jar-1 9034 97343Sis Water 193L J&J 91 92 13Lis July 1932 31.4. hitv 1 IfIlt ?IA 9012 I
4%4-
444s
4.754.754.754.754.754.754.754.75
4:iE4.75
b Basis. d Now part of New York City. f Flat price. n Nominal.*Subject to taxation. By an amendment to the constitution of Ohio adopted Sept. 3 1912, bonds issued after Jan. 1 1913
by municipalities in
that State are subject to taxation. Bonds issued prior to Jan. 1 1913 are exempt from taxation.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
54 STATE AND MUNICIPAL BONDS [VOL. 108.
Bonds Bid. Ask.l'oNet. Bonds Bid Ask
ToNet
Philo S D Ois '24-'43__J&J4s 1923-1942 J&J
Pittsburgh-43.s'19-'50J&D48 May '25 op '10-'22M&N48 1919 to 1927 M&N4s 1920 to 1939 J&J48 1919 to 1036 J&J43s '19-'38 taxable_M&N33/is Apr '19 to '30___A&O
Scranton Sch District 4s4%s1923-'28-'33 A&O3%s 1919-1932 F&A
Uniontown 4e'28 tax-exM&NWash'n Co 430 '21-'34.M&S48 1924-1933 PA&N
Wilkes Barre3420-'29_F&A48 1920 to 1935 . J&J4%s Imp Ser I '22 -'38A&O43s 1931-1940 J&J43.0 Imp 1940-1945 J&J
Wmsport 33,0'29 op'09 M&SYork 43js 1924-1943_F&AYork Co 33.s 1919-32_M&N
RHODE ISLAND
Is Chant Inst 1965__ __M&S 34e gold S H 1934 J&J Is State H July 1038.._ _A&O Bristo1-3%eg 1930.... M&S E Provid'ce4aJune15'47J&Drohnston 44s 1920, 1925,1930, 1935, 1949.. _.._M&N
Linco1n-4s 1928 A&ONewport-43s '19-'39_M&S4s gold 1927 F&A48 May 15 1948 M&N33.0 g High Sch 1954.J&D
e July 1 1919-67____J&J, s Ref 1919-1955 J&J, s 1938-1955 J&Js Ref 1919-1955 J&J,s 1932-1953 J&JMount Co 5s 1921, 1926,1931, 1936, 1941, '51_J&J
Thattanooga be 1920_A&015 4%s Public Imp 1937_J&J 4%s Rig Apr 15 '39A&015 4%s Sew&cDec30'41 JAD 44e Park 1942 MAN nits Jan 1 1922 J&J
;ocke Co Rd & Brge 1919,'24, '29, '34, '39 MAN
:umberland Co 58 1956_J&J /avidson Co 4%s '37 opF&A Irainger Co be 1940.... F&A lamilton Co 5s 1944...A&O5s April 1 1935 A&O5s April 1 1045 A&O43s 1941 J&D4%s C H & Jail '42 A&O4%s Bdge & Sch 1947 A&O
Cnox Co be 1930-1945 [noxville-5s g 1921__A&O5s Refunding 1940....M&N4%s Funded &c 1937 J&D41.0 Water-wks 1949_J&J4s June 1 1929. J&D
Memphis 5s July 1954J&J 5s 1919-1927 F&A 5s River Term '23-'48A&O 4%s Refunding 1926_J&J 4%s Refunding 1939_J&J 4%s St Impt &c '46_F&A 43s Park 1947 J&J 4%s Street 1947____M&S 43s 1950 J&J 4%s Park 1959 A&O 4s Water 1933 M&N
Memphis S D 4}is '59__J&J Nashville--5s Wat 1921 J&D
Beaumont 5s '52 op '32_ A&O 5s Water Works 1954.M&S 4s 1942 opt 1922 J&D
Cleburne5sWW'52op'32.J&J Dallas-
bs June 1 1931 J&D 5s g Aug 1928 F&A 4 s Sch 1919-1952_M&N 4s Water '47 op '17.. A&O 4s Water '19 to '49__M&N 4s School 1919251__J&J Da1la8Co44eSep10'51Apr 10 5s Viad & Bdge Feb 10
1054 op 1924.. .._Apr 10 ElPaso5sPurch
, 50_A&O
5s Fund 1951 opt '31 M&S be School 1955 op '35..JA 1 5s Imp Aug 1 1948_ F&A
Fort Worth-6s 1922__F&A 5s Refunding 1920___J&J 5s Apr 1951 opt '31_ A&O 43.sStImp'48op aft'28J&J 4 s Bch '48 op aft '28.J&J 4 sSch'49 op aft'29_J&D 4,13 Refunding 1941_ _ _J&J
Galveston-5s Lim debt 1932-1936 J&J15s Grade Rats 1944_ A&O5s School 1919-1954_M&Sb55s Wat & Sew 1919-34M&S65 5s 1919-1956 A&O4%sGrad Ac '48op'28.J&Jb544eGrad&c'49op'29_A&Ob5
Galveston County-5s Bd Apr 10 '51op'31A&O
Harris Co 4s '47 op '17-A&O Houston-
158 Sew Nov 15 1939_M&N 59 RefOct16'41 op'31 A&O 58 Mun Imp '26-'56.. F&A 4 NS Sept 1919-1952 MAN 4%s Oct 26 '38 op'28 A&O
Port Arthur 5s 1919-56.M&S San Antonio-
5s 1923-1953 M&S 5s Sept 1919-'53 _M&S 4%s May 1 1920 M&N 5s St Imp Dist No 2 1943..
San Antonio S D 5s '56_ FAA Tarrant Co-5s Road & BdgApr 10 '52 opt '22 _Apr 10
Waco 5s Impt 1920_ M&S 5s Nov 1 1934 MAN 58 Sewer 1937 J&J bs Water-Wks 1942.. J&J 4s Jan 1 1031
Ogden S D 4s '22 op '12_J&J Salt Lake City 45s'24_J&J 58 Ref 1919-1928 M&S 4%s May 1 1934_ M&N4s Refund Jan 1921__J&J 43-4s ref 1934 MAN 4s Water '20 opt '10_A&O4s S & W '25 opt '15_ A&O
Salt Lake City 5 101 48 '30J&J 43s Feb 1 1932 F&A4%s Aug 1 1933 _F&A
Salt L Co 4%s '260p'16 F&A
VERMONTBarre-3%s '22 op 1918.J&JMlddlebury 4,s'41op'21 MANMontpelier 4s '19 op'04.AA0Rutland-4s g 1924._ MAN
VIRGINIAfis deferred ctfs 1871 J&JBrown Bros ctfs
38 "Riddleberger" 1932 opt1900 J&J
3s Funded debt 1991 J&JDanville-4s Refg 1931_J&J44s Ref Aug 1942__F&A
Lynchburg-5s '26 op.._J&J 4%s Ref June 1 1927_J&D 4%s Pub Impt 1939__J&J 4%s Pub Impt 1946__J&J 43-s Water 1951 J&J 4s Ref Oct 1934 J&J
Newport News 43.s '48 J&DFAA b 55 77o° 44 ..9900770°4%s Feb 1953
4s Street Nov 1 1941 M&N b 5% 4.90%Norfolk-5s Ren 1923_J&D b 5%4.80%43s Munic Impt '42 M&S b 5%4.8041.0 Renewal 1941_A&O b 5%4.80%4%s Imp July 1940__J&J b 5 4.80%4s July 1 1932 J&J b 5%4.80%4s Water Oct 1 1934..A&O b 5%4.8044s Impt March 1936_M&S b 5%4.80%
Petersburg 44e 1952_ A&O Portsmouth-4%s 1940 F&A 4 s Imp Oct 1 1942_A&O 4 s Sch & Sew 1938_J&J 6s Ref 1928 J&J
Richmond 5s '20 to '22..J&J b 4.604.509'4s Pub Imp 1949___J&J b 4.604.50
'74s 1920 to 1930 J&J b 4.604.504s 1938 to 1943 J&J 6 4.604.504s 1924 J&J b 4604.504s Jan 1 1926 J&J b 4.604.504s 1938......, J&J 4.604.509'-4s 1941 J&J b 4.604504s Jan 1 1942 J&J b 4.604.5048 1943 J&J b 4.604.504
Roanoke 43s Ref 1936. J&J 4%s St Impt May 1940_ 4%s Pub Bldg 1041_ MAN 44s Pub Bldg 1944_ MAN 4s St Impt 1936.. J&J
Stafford Co 58 1942_ _J&J Tazewell Co 5e 1923-46_J&J
WASHINGTONAberdeen 53s '22-'31 _J&DBellingham 58 1026_ _A&OCiallam Co-4%e 1921 MANClarke Co 5s '35 op'25_Jan 1Everett 5s July 15 1931_J&J5s June 1936 J&D
King Co-55 1928 M&SSs C't House '33 opt Maybs Road 1935 F&A43sHarb opt '22-'30 Novi
Lewis Co be 1923-32._ M&SPacific Co-4%s Ref July 1 '28-'36 --
Port of Seattle 58'19255M&S4%s Jan 1920-1955... J&J
Seattle-5s 1919-1930__J&J4%s Sewer 1927_ ..M&S44s Water 1931 J&J43.s Park 1931 J&D4j.4s Light ext 1932_ J&J4sLIb Oct 15 '22_A&0154s April 1 1929 A&O
Seattle SD Nol 4%s'24 M&N4%s Mar '19 to '31 M&S
Snohomish Co 58'31 op aft '21Spokane-
Ss Park Dec 1 1927 _J&D4%s Bdge Coast 1931 J&J44s Water 1935 J&J43s Park 1962. J&J43s Bridge 1919-36 J&J4s Water July 1 1925_J&JpokaneSDNo8143.0129J&J4%s May 1 1031_ M&N•te Aug 1 1919-1922 _F&A
Spokane Co 4s '21 op'11J&DStevens Co-44s '211 op '19_Tacoma-5s g Peb 15'20 F&A59 Refunding '19-'33 J&D4%s Lt & Pow 1929_ J&J4%s Refdg 1931 A&O
Tee S D No 10 4%s '20 FAAWhatcomCo4%s'22op'12J&J
WEST VIRGINIACharleston 448'41 op'27 J&Jlarksbg SD 58.41 op'21 M&S
Hancock County-5s GrantRoad Dist '46 op '32_ M&N
Huntington 5s 1944_ __ _ Octlartinsburg5s143ep'29DeclMercer Co5s'44op'24 A&015Parkersburg 48 Wet '29 June4s June 1 1033 _J&Dheeling-6s 1924 op.. Nov5s City 1919 op 19013_July43.s Bdge '24 op '06 July4s Ref 1919 to 1936_ July
WISCONSINppleton 4%s 1920-32_ F&Aond du Lac 43-8'19-'35 Marreen Bay 4%s '20-'33_3&.143 Refdg 1919 to '20 __J&Jenosha-3Y0'19 op'09 J&JCrosse 00'32 op '22 F&A4s Water '31 op '21__J&D33.4s Refdg 1919_ A&Onglade Co 48'19 to'23J u n1odium-4s Oct 1931_ A& 0farshfield 43s '22-'32_J&Jilvraukee--4 W W Jan '20-132..J&J4 Park1920-1935__J&J48 laduct 1919 to '20 J&J3348 July 1919 to '21.J&Jllwaukee Co 4s'20-'25M&Sshkosh 4%s 1920-34_ FAAacine 4%s Ref '20-'30_ F&A4s School 1920-1923.F&A3%s Bch '19 op '09_July 1acine Co 4.3 '20 to '23_ F&Aausau-4 As '19-'33_ A&O
b 4.404.359'b 4.404.35b 4.40,4.35b 4.404.35 0 4..:45
4.50 '4.50
4.504.504.504.60
101%10598
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
55
BANKS AND TRUST COMPANIES.Quotations in this department are given per share, not per cent, except for stocks of Canadian institutions, and are
as near as possible for the closing day of the month preceding the date of issue, though often are nominal. An asterisk (5)denotes sales. The letter (h) prefixed to a price indicates that the figures show the book value.
Figures of deposits, capital and profits for the national banks are from the Comptroller's last call; for all other insti-tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are required. Forthe Clearing House banks of New York, Philadelphia and Boston, deposits are taken from the latest weekly statement.
Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Columns
Los Angeles- PerCal Say & Corn Bk. 500,000 20,124 4,402,377 100 Citizens Nat Bank_ _ 1,500,000 717,740 19,154,110 100 240Commercial Nat Bk 300,000 178,620 4,800,913 100 Farmers & Mer Nat 1,500,000 2,087,727 18,224,936 100 First National Bank 1,500,000 2,886,879 36,075,673 100 632Guar Tr & Say Bk. 1,500,000 1,002,174 21,497,729 100 220Home Say Bank..... 1,000,000 82,711 9,131,744 100 Hibernian Say Bk_ 500,000 124,837 5,665,948 100 150Merchants' Nat Bk 1,500,000 452,547 17,847,480 100 Security Nat Bank. 600,000 363,967 6,053,467 100 Security Tr & S Bk. 1,800,000 1,877,676 51,770,720 100 Hellman Corn T & S 800,000 308,033 12,480,469 100 Citizens Tr & S Bk 750,000 234,422 5,532,467 100 Los Ang Tr de 8 Bk_ 1,500,000 1,902,370 27,325,323 100IT S National Bank_ 200,000 112,539 1,885,936 100 155Union Bank & Tr__ 700,000 77,247 3,290,260 122
Oakland- PerCentral Say Bank_ 600,000 723,447 15,691,274 30 - -Central Nat Bank_ 1,000,000 a1,100,000 al3200,000 100 Farmers & Mer Bk_ 238,000 39,892 2,403,490 100First National Bank 500,000 8149,877 84,998,696 100 First Savings Bank. 500,000 115,071 6,866,060Oakland Bk of Say_ 1,250,000 1,062,200 34,239,191 75 Eecurity Bank 424,500 95,560 3,726,804 20 State Savings Bank 100,000 210,694 1,002,773 100
Pasadena-First Nat Bank...... 300,000 78,692 2,217,175....... Nat Bk of Pasadena 400,000 45,901 2,541,027 100 Security Nat Bank_ 100,000 26,934 826,031 100 Union Nat Bank.... 100,000 118,517 2,757,308 100 CrownCityTr dtSBk 205,000 22,594 1,125,713First Tr & S B 400,000 111,987 2,848,249 _Union Tr & Say Bk 425,000 210,997 3,558,790 100
Sacramento- PerCalifornia Nat Bk_ 1,000,000 322,969 10,961,936California Tr & S B 300,000 184,291 4,351,871
1100
Farm & Mech S Bk 350,000 139,907 3,191,067 100 NBDO Mills & Co 500,000 n1,040,107 n6,613,145People's Say Bank_ 500,000 292,275 4,801,791 100 Sacramento Bank.._ 1,000,000 568,804 10,618,192 100 San Bernardino
California State Bk 100,000 17,964 623,598Farmers' Each Nat 100,000 54,890 912,776 100
San Diego-First Nat 13ank___ 1,000,000 t70,471 t7,120,290 100
share.
share.
255200320655225
210
355
5.56-135
share.
share.
CALI FORNIA-(Concluded1)
---- -Capital.
Surplus& Profits.
GrossDeposits. Par. Bid. Ask.
San Diego (Con.) S . Per share.Merchants Nat Bk 250,000 557,217 2,834,498San Diego Say Bk_ 200,000 458,031 4,713,991 100UnitedStatesNat Bk 100,000 v1,619 v993,216 100Southern Tr& Com-merce Bank _ _ _ _ 1,000,000 197,304 8,023,710
San Francisco-American Nat Bank 2,000,000 488,349 12,649,667 100 Anglo-London-ParisNational Bank__ 4,000,000 2,374,074 72,334,706 100 150
Bank of Calif, N A_ 8,500,000 8,575,677 66,558,726 100 184 Bank of Italy 5,000,000 2,000,000 85,937,839 100 151%Columbus S & LSoc 130,000 215,141 2,951,691 250 Crocker Nat Bank.. 2,000.000 4,187,514 32;757,204 100 Don'hoe-Kelly BCo 650,000 230,602 2,629,599 100 First National Bank 3,000,000 2,215,797 26,174,178 100 c225 French-Amer Bank
of Savings 800,000 362,974 10,195,694 100 110San Fran S & L Soc 1,000,000 2,893,780 52,215,775 1000 Humboldt Say Bk. 900,000 376,507 10,360,340 100 105Italian-Amer Bank 900,000 147,201 9,369,745 152Mercantile Nat Bk_ 2,000,000 n1,328,597 n12136701 100 215 Merchants' Nat Bk 1,500,000 249,797 7,754,043 100 71 90Mission Say Bank 325,000 29,556 3,719,057 100 Mutual Say Bank_ 700,000 299,924 9,947,375 70 Say Un Bk de Tr Co 1,500,000 2,148,899 38,841,695 100 240Seaboard Nat Bank 500,000 260,974 3,336,511 100 1173§ Security Say Bank_ 500,000 404,174 4,263,147 250 Wells Far Nev Nat 6,000,000 n5,307,297 n63297135 100 11754Anglo-Calif Tr Co 1,500,000 701,744 16,055,764 100 112 First Federal Tr Co 1,500,000 649,091 7,544,375 50Union Trust Co...._ 1,200,000 2,012,944 30,638,074 800 2,000
San Jose- Per shire.Bank of San Jose.... 300,000 296,371 3,740,499 100First National Bank 300,000 346,997 5,166,178 100 Security Say Bank.. 100,000 128,989 1,715,693 _ 100 Security State Bank 100,000 120,633 857,560 100 Gard C Bk & Tr Co 430,000 520,279 4,805,626 100 Stockton-
City Bank 400,000 154,396 2,776,700 80 Comm'l & Say Bk_ 500,000 193,195 4,806,663 ------
First Nat Bank_ ___ 200,000 n361,277 n1,116,051 100
CANADA-See last page.
COLORADO-Nat. Banks Dec. 31; State institutions latest returns.
Colorado Spgs- Per share.Colorado Say Bank 50,000 145,170 1,565,273 100 Colorado Spgs N B 100,000 100,020 1,137,105 100 Exchange Nat Bk... 300,000 236,887 4,534,443 100First National Bank 300,000 538,337 4,936,462 100Colo Title & Tr Co_ 300,000 101,447 1,562,370 100Denver- Per WIWZ
Central S Bk & Tr_ 300,000 177,217 7,065,918 100City Bank & Tr Co 100.000 16,869 837,056 100 Colorado Nat Bank 500,000 1,871,247 20,893,763 100Denver Nat Bank_ 1,000,000 1,486,941 19,765,913 100Denver Stk Yds Bk 250,000 41,144 2,374,065 100Drovers State Bk_ 100,000 21,867 824,708First National Bk. 1,250,000 857,9671 24,895,677 100Hamilton Nat Bank 250,000 94,429 4,283,712 100 U S National Bank_ 400,000 651,849 12,019,075 100 Amer Bk & Tr Co. 500,000 208,703 5,399,702 100 Hibernia Bk&TrCo 100,000 16,647 1,264,769 100 Guardian Trust Co 240,000 19,076 602,778Home Say dr Trust.. 150,000 73,100 2,811,402International Tr Co 350,000 815,092 13,108,577 100Interstate Trust Co 200,000 62,576 2,579,404 Leadville- Per
American Nat Bank 100,000 34,437 684,764 100Carbonate Nat Bk. 100,000 37,147 1,744,732 100Pueblo-
First Nat Bank__ __ 500,000 766,347 11,158,144Pueblo Say & Tr Co 100.000 155,114 3,132,174
CONNECTICUT- Vat. banks Dec. 31; State institutions latest return..
Bridgeport- Per share.City National Bank 500,000 730,986 7,752,080 100 190Connecticut Nat Bk 664,200 466,227 3,886,291 100 170First Bridgeport N B 1,000,000 1,278,905,13,878,569 100 208Bridgeport Tr Co 500,000 402,9141 7,667,927 100 187 Amer Bk dr Tr Co 100.000 65,1471 3,745,309 100 130 West Side Bank... 100,000 25,000 627,781
Hartford- r Share.
Am Indus'i B&TCo 200,000 119,710 2,747,801 100 170City Bk & Tr Co.... 500,000 200,163 6,384,374 100 165,Colonial Nat Bank_ 500,000 150,492 2,266,328 100 125 132Conn River Bkg Co 150,000 478,576 3,049,046 30 145First National Bank 1,150,000 1,087,944 9,688,259 100 220 Hartford-Aetna NB 2,000,000 2,484,928,17,021,210 100 220 Phoenix Nat Bank_ 1,000,000 923,92713,428,021 100 230 State Bank & Tr Co 400,000 649,144 6,225,191 100 370 _United States Bank 100,000 378,887 2,812,329 100 485Conn Tr & S D Co_ 750,000 1,092,041 7,895,051 100 500Fidelity Trust Co_ _ 100,000 156,241 1,677,862 100 310 320Hartford Trust Co_ 500,000 733,889 6,373,208 100 480 Riverside Trust Co 150,000 191,910 1,832,236 100 245 Security Tr Co_ 300,000 372,037 2,343,930 100 370Travelers B & TrCo 100,000 66,517 2,283,467 100 -
Nee, Haven- Per she's.Bway Bk & Tr Co_ 100,000 38,009 1,692,731 100 120 130First National Bank 1,000,000 1,003,509 8,317,439 100 180 185Mechanics' Bank __ 300,000 566,227 5,528,898 60 175 185Merchants' Nat Bk 500.000 n558,010 n4,911,224 50 8254 85New Hay Bk N B A 1,200,000 1,526,033 7,034,729 100 178 183Nat Tradesm's Bk. 300,000 n535,330 n2,413,493 100 175 182
People s Bk & TrCo 272,000 184,669 3,921,262 100 130Second Nat Bank _ 750,000 907,267 4,078,765 100 180 1185Un & N Hay Tr Co 650.000 754,742 3,610,436 100 220
• Sale price. a Dec. 23 1918. b T us Is capital p iii In authorizryi amount is larger when full paid, par value *ill also be increased.
t Capital is to beincreased. s Ex-dividend. 4 Et-rights. c Includes First Fed. rr. Co. stk. a Aug. 31 1918. t June 2) 1918. • May 10 1918,n Nov. 1 1918. r Apr. 20 1918. e March 4 1918.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
56 BANKS AND TRUST COMPANIES [VOL. 108.
Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Columns
FLORIDA-Nat. banks Dec. 31; State institutions latest returns.
Jacksonville- Per share.Atlantic Nat Bank.. 350,000 979,080 16,652,931 100 Barnett N B of Jack 750,000 518,781 9,565,738 100 Florida Nat Bank_ _ 500,000 205,227 10,002,943 100 Tampa-
American Nat Bank 250,000 e232,197 61,338,069 100 Bank of Commerce 100,000 18,707 372,208Exchange Nat Bank 250,000 335,498 3,632,716 100 First Nat Bank__ 400,000 /600,000 £4,700,000 100
GEOR 0 IA-Nal. banks Dec. 31; State institutions latest returns.
Atlanta- Per shareManta Nat Bank__ 1,000,000 1,229,797 21,407,677 100 280 290!entral Bk & Tr Cor 1,000,000 403,774 8,077,091 100 148 152'ourth Nat Bank__ 600,000 1,264,714 18,031,911 100 315 320'ulton Nat Bk____ 500,000 123,476 3,753,426 100 115 120A Sav Bk & Tr Co 200,000 141,000 1,065,000 100 165 175,merican Say Bank 200,000 38,000 250,000 100 100 105iowry Nat Bank__ 1,000,000 1,311,997 12,561,920 100 220 225'hird Nat Bank__ 1,000,000 1,158,499 15,309,072 100 212 216Manta Trust Co__ 500,000 63,007 376,403 100 85 95'rust Co of Georgia 1,000,000 1,301,190 1,255,001 100 275 285
Augusta- Per share.,ugusta Savings Bk 50,000 63,209 935,724 100 140 1eorgia RR Bank.. 1,000,000 265,000 5,270,000 100 200 f &chants' Bank_ 200,000 306,400 1,633,900 100 175 185itizens & Sou Bk. Branchoffi ce see retu rn of bank und erSava nnahlatExchange Bk__ 400,000 6298,733 62,337 741 100 135 145'larders' L & S Bk_ 50,000 250,000 1,250,000 10 40 45rnion Say Bank__ 100,000 45,390 1,428,981 100 135 Columbus- Per share.
'olurnbus Say Bk.. 200,000 150,797 1,370,441 50 'ourth Nat Bank__ 300,000 £135,000 £650,000 100Come Savings Bank 100,000 11,714 583,756 100 terch & Mech Bk. 125,000 141,927 814,749 100 rat Bk of Columbus 200,000 224,229 815,9:37 100 'bird Nat Bank__ 250,000 395,311 1,335,332 100-- ---- -Macon- NT share
Chicago- Per share.Aetna State Bank 200,000 31,397 873,725 100 105Amer State Bank__ 400,000 288,724 2,732,722 100 178 183Atlas Exch Nat Bk. 200,000 e35,324 e483,375 100 102Austin State Bank_ 200,000 71,219 3,304,793 100 215 Calumet Nat Bank 100,000 109,520 2,299,715 100 205 Capital StateSayBk 200,000 33,370 1,014,669 100 105 110Central Mfg Die Bk 400,000 114,542 4,354,144 100 200 205Cont & Corn Nat Bk_ 21,500,000 15,183,048 297505719 100 274 277Corn Ruh Nat Bank 3,000,000 8,593,017 102352355 100 445 Depositors St Sr S B 300,000 132,247 3,359,132 100 156 162Drexel State Bank.. 350,000 176,169 4,028,493 100 155 165Drovers Nat Bank.. 750,000 421,174 18,866,919 100 225 230Englewood StateBk 200,000 61,841 2,435,108 100 155 160First National Bank 10,000,000 14,081,002 206453942 100 454 460First Nat Englew'd 150,000 294,941 4,484,992 100 335 350Foreman Bros BgCo 1,500,000 611,692 21,763,636 100Ft Dearborn N Bk_ 3,000,000 1,253,914 52,991,494 100 208 215Garfield Pk St S Bk 200,000 71,614 2,061,991 100 135 140Halsted St State Bk 200,000 45,741 945,208 100 119 122Hyde Pk State Bk_ 200,000 87,217 1,957,208 100 138 145Irving Park Nat BkKaspar State Bank
100,000500,000
36,149453,529
1,469,7735,933,962
100100
150285 550-
Krause StateSavBk 200,000 119,911 1,493,699 100 Lake View State Bk 200,000 5,279 1,464,255 100 105 108Lawndale State Bk 200,000 101,293 1,768,881 100 235 245Lincoln State Bank 200,000 29,767 1,027,774 100 100Liss Stk Rs Nat Bk... 1,250,000 849,107 22,605,041 100 230 236Mad & Ked State Bk 200,000 76,982 1,663,703 100 140 150Mech & Trad St Bk 200,000 85,011 2,053,467 100 120 125Nat Bk of Republic.. _ 2,000,000 1,336,890 33,150,770 100 173 185National City Bank 2,000,000 1,251,934 33,236,918 100 160 164Nat Produce Bank. 500,000 143,467 4,371,409 100 160 165North Ave State Bk 200,000 63,067 2,872,335 100 100 103NToSideStateSav Bk 200,000 27,634 1,461,063 100 100Noel State Bank_ __ 300,000 130,401 2,347,767 100 105 170Ogden Ave State Bk 200,000 14,017 666,542 100People's Stock Y'ds
State 500,000 308,602 8,945,090 100 300 310Phillip State Bank 200,000 37,930 771,826 100PioneerStateSav Bk 200,000 38,212 860,222 100 100Reliance State Bank 200,000 23,749 2,498,116 100 150 Roseland State S B 200,000 58,011 1,560,806 100 120 130Second Secur'ty Bk 200,000 142,099 1,985,089 100Security Bank 400,000 293,778 4,984,668 100 285 295So Chicago Say Bk_ 300,000 248,700 5,332,973 100 225 235
State..South Side .. 200,000 90,000 3,601,013 100 160 175State Bk of Chicago 1,500,000 4,135,741 33,696,369 100 404 410Stock Yds Say Bk_ 300,000 285,311 4,482,409 100 400 Union Bank of Chic 500,000 116,794 2,590,170 100 120 130United State Bank_ 200,000 40,099 690,914 100 105 110WashingtonPkN Bk 100,000 70,169 3,851,901 100 275 West Englewood-Ashland State Bk 250,000 58,039 1,297,668 100 145 150
West TownState Bk 200,000 65,229 1,664,995 100 119 122Central Tr Co of Ill 6,000,000 2,307,771 49,880,922 100 164 167ChicCity Bk&TrCo 500,000 572,199 3,541,495 100 240 250ChicuoSBkArTrCo 1,000,000 384,747 9,697,979 100 140 144Cont & Corn T&S B 5,000,000 4,485,722 66,953,966 100 DroversTr & Say Bk 250,000 335,937 4,379,413 100 305 315First Tr & Say Bk_ 5,000,000 6,326,291 68,046,112 100Ft Dearb Tr & S Bk 500,000 305,917 5,365,677 100 195 205Franklin Tr & S Bk 300,000 214,494 2,561,127 100 155 165Greenebaum Sons'Bank & Trust Co 1,500,000 558,231 11,925,660 100
Guarantee Tr & Say 200,000 97,567 710,416 100 145 150Harris Tr & Say Bk 2,000,000 3,638,421 26,780,776 100 575Home Bk & Tr Co_ 300,000 101,347 2,986,701 100 160 165Illinois Tr & Say Bk 5,000,000 11,533,297 99,364,055 100 425 440Kenw'd TrAzSav Bk 200,000 234,334 3,085,311 100 275 Lakeview T & S Bk 400,000 210,692 3,635,729 100 180 190Liberty Tr A S Bk. 250,000 96,469 2,477,480 100 155 160Lincoln Tr & Say B 200,000 40,192 740,977 100 110 120Market Tr & Say__ 200,000 46,633 1,005,459 100 108 112Mercantile Tr&Sav 250,000 95,009 3,515,141 100 160 165Merchants L&TrCo 3,000,001) 0,857,564 86,377,474 100 500 Michigan Av Tr Co 200,000 75,570 1,901,275 100 104 110Mid-City Tr & S Bk 500,000 203,437 6,372,766 100 225 235Northern Tr Co Bk 2,000,000 3,500,474 32,444,267 100 272 280Northwn Tr & S Bk 500,000 344,697 7,260,919 100 235 240People's Tr&Say Bk 500,000 387,994 10,136,207 100 270 280Pullman TrArSayBk 300,000 355,019 3,797,459 100 185 210Sheridan Tr Say Bk 200,000 72,427 3,395,741 100 150 160Sou West Tr & Say. 200,001) 35,889 1,887,742 101) 115 120Stand'd Tr&Say Bk 1,000,001) 619,142 9,411,713 100 165 170Stockmen's Tr S Bk 200,000 103,914 1,389,966 100 145 155Union Trust Co.... 1,500,000 1,819,710 35,220,708 100 300 325W Side Tr A Say Bk 400,000 177,867 6,815,423 100 290 305Woodl'n Tr & S Bk 200,000 210,290 3,4014471 100 245 255
Elgin- Per shareElgin Nat Bank__ 100,000 628,275 6762,791 100 First Nat Bank__ 200,000 6160,607 81,005,675 100Home Nat Bank___ 150,000 183,194 1,214,129 100Union Nat Bank_ 100,000 £25,000 £100,000 100Elgin City B'k'g Co 100,000 203,490 1,470,759Home Tr & Say Bk 100,000 107,717 915,441 100
Peoria-Central Nat Bank 300,000 380,747 4,136,712 100Commercial Nat Bk 750,000 1,205,597 8,817,498 100 Dime Say & Tr Co.. 250,000 241,499 2,169,904First Nat Bank_ 550,001) 6575,686 65,207,719 100 Home Say & State. 120,000 209,797 2,595,101 100 State Tr & Say Bk 200,000 84,393 991,932Merchants & Ill NB 500,000 358,517 6,459,676 100 First Tr & Say Bk_ 150,000 402,437 2,577,861 100
Quincy-Illinois State Bank_ 300,000 '38,032 2,272,229Quincy Nat Bank 100,000 87,149 1,179,914 100 Ricker Nat Bank. 500,000 6383,937 61,477,947Mercantile Tr & S B 200,000 91,4121 761,940State Say 1. dr Tr Co 1,000,000 1308,674 7,447,204
• Sale price. a Oct. 17 1918 b Capital to be increaied g Capital paid in; authorized amount is larger. z Ex-divi lend. y Last sale.• These figures date Sept. 20 1918. d 'Aug. 31 1918. s Nov. 11918. n Oct. 14 1913. t May 10 1.018 t D3C. 2) 1913
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FEB., 1919.] BANKS AND TRUST COMPANIES 57
Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Columns
ILLINOIS--(Concl=ded.)
Capital.Surplus
Ot Profits.Gross
Deposits. Par.
100
Bid. Ask.
Rockford-Forest City Nat Bk 100,000 182,940 1,815,635
Per share,y285
Manufra Nat Bank 200,000 151,440 1,460,599 100 y150Peoples Bk & Tr Co 125,000 256,469 2,209,679 100 y250Rockford Nat Bank 400,000 227,870 4,351,323 100 y200Swedish Am Nat Bk 125,000 86,270 1,573,071 100 y165Third Nat Bank.. _ _ 250,000 279,817 3,005,774 100 y200Winnebago Nat Bk
Springfield-
250,000 347,230 2,025,661 100
Per
y200
share.Farmers Nat Bank 200,000 n277,734 n3,030,337 100 First National Bank 250,000 • n114,390 n2,902,919 100 Illinois Nat Bank_ _ 300,000 142,094 2,749,122 100 Ridgely Nat Bank_ 300,000 n210,671 n3,449,518 100 Elp'gfield Marine Ilk 300,000 645,090 3,239,340 100 Sangamon L& Tr Co 300,000 77,097 3,156,964 100
INDIANA-Nat. banks Dec. 31; State institutions latest returns.
Evansville- Per share.Citizens' Nat Bank 500,000 170,972 6,713,278 100 City National Bank 350,000 433,229 5,622,417 100 Mercan tileCoin'l Bk 200,000 120,000 2,000,000 100 Old State Nat Bank 800,000 365,879 6,267,389 100 West Side Bank.. _ _ 100,000 146,700 2,447,052 100 Am Tr & Say Bank 200,000 128,110 1,616,606 100 Citizens Tr Sc S Bk_ 100,000 19,817 802,227
Port Wayne- Per share.First Sc Ham Nat Bk 900,000 314,527 9,417,891 100 Lincoln Nat Bank_ 300,000 3212,529 83,596,906 100 Old National Bank_ 350,000 208,741 5,141,177 100 Citizens' Trust Co_ 200,000 50,491 2,032,953 100 People's Tr &Say Co 200,000 142,570 1,979,188 100 Tri-State L Sc Tr Co 500,000 136,000' 6,918,917 100
I n d ia na pol is-Commercial Nat Bk 300,000 5,279 1,256,067 100 60 Continental Nat Ilk 400,000 69,649 4,247,732 100 90 105Fletcher-Am N Bk_ 2,000,000 1,630,074 22,134,647 100 230 240Indiana Nat Bank_ 2,000,000 1,606,517 20,560,447 100 232 245Live Stock Exch Bk 100,000 132,417 2,544,817 100 300 Merchants' Nat 13k 1,000,000 1,174,762 9,542,997 100 225 National City Bank 1,000,000 197,292 4,618,672 100 94 People's State Bank 100,000 45,000 1,051,191 100 150 Aetna Tr Sc Sava Co 250,000 14,742 1,748,963 100 60 Farmers Trust Co_ 100,000 150,201 1,381,728 100 300Fidelity Trust Co_ _ 100,000 25,000 1,186,383 100 105 Fletcher Say Sc Tr_ 1,800,000 380,098 11,912,304 100 150 170Indiana Trust Co_ _ 1,000,000 806,956 7,515,767 100 200 210State Say Sc Tr Co.. 750,000 62,199 1,835,268 100 70 80Security Trust Co_ 200,000 40,491 1,592,072 100 80 100Union Trust Co_ _ _ 600,000 583,712 4,868,933 100 300 Wash Bk & Tr Co_ _ 100,000 10,224 1,973,260 100 Terre Haute- No rninal prices
First National Bank 500,000 715,397 3,949,423 100 300McKeon Nat Bank 500,000 389,572 3,655,188 100 180Ferro Haute Nat 13k 300.000 196,579 2,839,093 100 y185Terre Haute Trust_ 350,000 276,313 5,605,413 100 210United States Tr Co 500,000 161,676 3,921,708 100 150
IOWA-Nat. banks Dec. 31; State institutions latest returns.
Burlington-Amer Say Bk&TrCoBurlington Say Bk_First National BankIowa State Say Bk_Merchants' Nat 13kNational State Bk_Cedar Rapids-
Cad Rapids Nat BkCed Rapids Say BkIowa State Say Bk..Merchants' Nat 13kPeople's Saw Bank_Security Say Bank..Amer 'Fr Sc Say ilk _Council Bluffs-
City National BankCommercial Nat IlkConn Bluff Say 13k_First National BankState Savings BankDavenport-
Amer Corn Say Bk..Davenport Say Bk_Farm Sc Mech Say _First National BankHome Saw Bank.. _ _Iowa Nat Bank__ _ _Security Say Bank..Scott Co Say Bank_Union Savings Bk_Citizens"Fr Sc 8 IlkDes Moines-
Bankers Trust Co.. _Cap City State 13k..Central State BankCommercial Say ilkDes Moines Nat BkDes Moines Say BkFirst Trust Sc S ilk_Home Savings BankIowa Tr Sc Say ilk..Iowa National BatikIowa State Bank_ _Mechanics' Say 13kPeople's Say BankUniversity State BkValley Nat Bank_ ..Valley Say Bank_ _ _Iowa Loan Sc Tr CoDubuque-
Citizens' State Bk..Dubuque Nat BankDubuque Say BankFirst National BankPioneer S B Sc Tr CoUnion Tr Sc S BankIowa Tr Sc Say Bk..Second Nat Bank__
Sioux City- $ $ $ No minal pricesContinental Nat Bk 100,000 17,687 1,183,380 100 First National Bank 600,000 121,897 10,966,020 100 Iowa State Say Bk_ 100,000 1118,770 2,182.288 100 Live Stock Nat Bk_ 200,000 112,421 5,589,737 100 Nat Bank of Comm 100,000 28,887 3,030,004 100 Northwest Nat Bk_ 100,000 157,717 2,080,972 100 Security Nat Bank. 250,000 362,444 6,363,913 100 Woodbury Co S Bk 50,000 124,000 2,075,000 100 Farmers' L & Tr Co 250.000 38.569 1.551.033 100
KANSAS-Nat. banks Dec. 31; State institutions latest returns.
Bank of Topeka_ _ _ 310,000 321,104 4,036,116 100 Central Nat Bank_ 200,000 153,249 3,891,705 100 Farmers' Nat Bank 100,000 25,901 642,472 100 Merchants' Nat Bk 100,000 135,919 3,038,713 100 Shawnee State Bk 60,000 39,064 1,190,092 100 State Saw Bank 100,000 44,552 1,788,938 100 Central Trust Co 200,000 26,169 721,097Prudential Trust Co 100,000 92,540 588,234 100
KENTUCKY-Nat. banks Dec. 31; State institutions latest returns.
Coy' n gto n- Per share.Citizens' Nat Bank 200,000 e155,779 e1,372,840 100 165 175First National Bank 600,000 r174,397 r3,596,397 100 130 135Liberty Nat Bank.. 350,000 d110,000 d1,734,242 100 125 135Covington S B Sc Tr 100,000 60,667 912,443 100 141People's S Bk Sc Tr_ 100,000 38,584 679,235 100 115Lexington- Per share.
Fayette Nat Bank 300,000 302,247 1,819,900 100 225 First Sr City Nat Ilk 800.000 450,000 2,620,681 100 190 195PhoenbutThird N B 800,000 143,291 3,077,641 100 Second Nat Bank__ 150,000 155,524 892,496 100 220 225
Louisville- Per stars.Amer-Southern N B 800,000 242,141 13,101,699 100 210 215Citizens' Nat Bank 800,000 875,000 7,943,643 100 425 435First National Bank 500,000 230,094 4,192,419 100 a215 225Liberty Ins Bank__ 500,000 558,352 8,711,629 50 150 175Security Bank_ 200,000 241,707 2,076,076 100 200 Kent Tit S B Sc TCo ff250,000t 86,000 1,437,008 1100
to100,000f U00 100 105Lincoln Say B Sc Tr 250,000 61,349 1,835,949 100 125 130LOUINV Nat Bkg Co 250,000 99,781 3,030,123 100 130 135Nat 13k of Comm.._ 1,000,000 711,870 13,964,769 100 325 Nat Bk of Kentucky 1,845,000 1,568,917 11,592,171 100 250 260Stock Yards Bank_ 100,000 75,677 1,095,732 100 178 200Union Nat Bank .. _ _ 500,000 n663,074 n11514106 100 360 372Fidelity & ColumTr 2,000,000 853,990 4,510,061 100 255 270Louisville Trust Co 806,100 240,875 1,996,742 100 157 United States Tr Co 350,000 125,564 797,796 100 110 120New port- Per share.
Amer Nat Bank _ 100,000 114,489 1,086,190 100 170 175Newport Nat Bank 100,000 123,999 1,629,676 100 200
LOUISIANA-Nat. bunks Dec. 31; State institutions latest returns.
Now Orleans- Per share.Bank of Orleans_ _ _ 100,000 123,079 2,696,313 100 Canal 13k Sc 'Fr Co_ 2,000,000 930,997 24,022,214 100 216 Citizens' 13k&Tr Co 400,000 225,107 5,682,163 100 187% City Bank !c Tr Co 200,000 156,920 6,160,137 100 215 Commercial Nat Bk 300,000 783,001 9,770,005 100 450 Commercial Trust
Sc Say Bk 1,250,000 975,669 20,623,789 100 255 It-State Tr Sc BCo 750,000 637,500 7,783,371 100 250 Marine 131{ Sc Tr Co 400,000 150,104 7,794,967 195 Metropolitan Bank 400,00(3 236,553 3,623,661 100 150 New Orleans N Bk_ 1,000,000 874,244 9,652,381 100 198 U S S Dp Sc Saw Bk 100.000 144,000 1,969,902 100 200Whitney-Cent N B 2,500,000 1,926,341 30,834,379 100 300 314Hibernia Bk& Tr Co 1,500,000 2,102,017 29,504,891 100 375 400Whitney-Cent Tr SrSayings Bank_ _ _ 200,000 589,574 9,124,336Shreveport- Per share.
American BlaT Co 100,000 46,969 535,314 100 American Nat Bank 150,000 e63,774 e1,316,306 100 Commercial Nat Bk 500,000 617,955 10,199,769 100 First National Bank 1,000,000 r322,197 r4,151,375 100 First Say B Sc Tr Co 100,000 130,230 1,560,902 100 Contin'l B Sc Tr Co 300.000 65,901 1,575,702
MAINE-Nat. banks Dec. 31; State institutions latest returns. •
Bangor- Per share.First National Bank 400,000 -144,617 4,267,748 100 150Merchants' Nat Bk 100,000 248,951 1,232,496 100 280 Eastern Tr&Bkg Co 175,000 693,499 7,061,142 100 _ 350Morrill Trust Co..,...Portland-
300,000 514,219 4,102,391 100 300 Per share.
Canal Nat Bank__ 600,000 r502,297 r3,024,351 100 Chapman Nat Bank 100,000 r50,749 r2,516,536 100 First National Bank 600,000 r533,701 r5,100,883 100 Portland Nat Bank 300,000 r587,241 r7,181,416 100 Fidelity Trust Co _ 400,000 524,222 12,445,730 100 Casco-Merc'ntile Tr 500,000 365,579 7,624,975 100, Union S D Sc 'Fr Co 250,000 362,069 942,571 100 US Trust Co__ _ _ 100.000 166,127 1,726,178 100
MARYLAND-Nat. banks Dec. 31; State institutions latest returns.
Farm Sc Mar N Bk 650,000 274,601 4,557,822 40 Mercantile Bank 100,000 129,720 2,534,736 25 Merch- Mach 1st Nat 2,500,001) 2,101,642 37,038,996 10 Nat Bank of Baltirn 1,210.700 516,449 13,283,775 100 Nat Bank of Comm 750,000 r1,031,492 9,790,573 15 Nat Cent Bk of Bait 400.000 338,507 2,960,599 100 Nat Exchange Bank 1,500.000 998,370 10,231,940 100 --
• Sale price. a Includes one-half share of Kent. Tit. S. B. Sc Tr. corn. stock. b Nov. 17 1918. x Es-dividend. c Figures date Dec. 12 1918.n Aug. 31 1918. r Nov. 1 1918. a Oct. 17 1918. 1 Includes debentures. a May 10 1918. a Last sale. • June 29 1918. 'Common.g Preferred. d Dec. 211018.
,
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58 BANKS AND TRUST COMPANIES [VOL. 108.
Where Name f are Printed in italics Fuller Returns may be Found in the Advertising Columns
MARYLAND-(Continued.)
......
Capital.Surplus& Profits.
GrossDeposits. Par. Bid. • A
Bait. (Con.)- $ $ $ Per 84,Nat MarineBank__ 400,000 230,679 4,176,132 30 Nat Un Bk of Md.... 1,000,000 703,011 6,759,314 100 Old Town Nat Bk_ 250,000 n146,009 n2,617,764 10 Park Bank 112,070 28,806 1,447,030 10 Seaboard Bank___ 100,000 33,409 1,143,070 10 Second Nat Bank__ 500,000 1,232,191 3,911,057 100 .___ _ _ _Western Nat Bank.. 500,000 536,739 5,532,037 20 Baltimore Trust Co 1,000,000 2,381,992 11,833,678 50 Colonial Trust Co.. 300,000 87,599 1,464,905 25 __ ._ Continental Tr Co_ 1,350,000 1,634,323 7,018.578 100 Fidelity Trust Co- 1,000,000 1,567,729 13,527,894 100 M'dl'd Tr Co 1,000,000 295.274 6,941,404 101 Merc,Tr dr Dep.._.._ 1,500,000 3,362,117 15,909,799 50 __Equitable Trust Co 1,000,000 494,597 10,403,784 23Safe Dep dr Tr Co.._ 600,000 2,817,477 8.629,943 100 Title Gu & Tr Co.._ 200,000 243,976 3,500,914 100 Union Trust Co___ 500,000 395,900 6,424,138 50
.
Frederick- P.rlahOltizens' Nat Bank 100,000 431,039 5,195,845 100 1Comm'l State Bank 80,000 31,500 1,209,671ear & Mech Nat Bk 125,000 149,912 2,134.728 25 Franklin Say Bank_ 90,000 42,407 792,039 100 Fred'k Co Nat Bk_ 150,000 61,932 1,124,032 15 Fr'k Town Say Inst k150,000 173,244 2,273,074 10.) Central Trust Co__ 200,000 222,007 2,084,477 100.
3k.
ire
MASSACHUSETTS-Nat. bks (exc. Boston) Dec. 31; S ate inst. latest rat' ris
Boston- Deposits of banks date Dec. 31 1919 Per share.Boylston Nat Bank 700,000 n386,724 6,420,000 100 122 130Commercial Nat Bk 250,000 n311,172 2,668,000 100 160First National Bank 7,500,000 18,699,890 159488000 100 450 460Fourth-AtlanticNat Bank 1,500,000 2,206,370 23,630,000 100 `t20 225
E. Cambridge- Per share.Lechmere Nat Bank 100,000 n145,470 n1,668,719 100 215 225
Fall River- Per share.Fall ICY Nat Bank.. 400,000 380,186 4,341,312 100 170 First National Bk_ 400,000 456,099 2,451,122 100 210 Massasoit- PocassetNat Bank 650,000 516,747 5,313,778 100 162M
Metacomet Nat Bk 750,000 415,000 3,461.696 100 122ADurfee Tr Co 400,000 569,999 3,340,477 100 210
Fitchburg- Per share.Fitchb'g Bk i!rTrCo 500,000 361,574 4,250,760 100 145 150Safety Fund N Bk_ 200,000 448,499 4,718,733 100 270 285
Gloucester-Cape Ann Nat Bk_ 150,000 161,790 1,600,214 100 Cape Ann Say Bank 344,700 3,383,174Gloucester Nat Bk. 100,000 4145,974 n1,567,193 100 Glou S D Tr Co...._ 200,000 357,671 4,576,867
Haverhill- Per share.Essex Nat Bank...._ 100,000 ,144,667 1,779,236 100 First National Bk_ 200,000 351,597 3,247,948 100 Haverhill Nat Bk_ _ 200,000 454,577 3,089,087 100 Merrimack Nat Bk 240,000 306,799 1,556,150 100Haverhill Trust Co 200,000 112,271 1,977,737 100
htASSACI1USETTS-(Continued.)
Capital.Surplus
db Profits.Gross
Deposits.--
Par. Bid. I Act.
Holyoke- $ Per shareCity National Bk_ 500,000 230,391 2,795,633 100 125Holyoke Nat Bank.. 200,000 366,407 5,116,195 100 185 190Park National Bk- 100,000 112,971 1,113,461 100 103 107Hadley Falls Tr Co
Lawrence-
500,000 307,793 5,585,151 100 160
Per shareBay State Nat Bk_ 375,000 193,864 2,429,096 100 Arlington Trust Co 200,000 16,694 1,147,138 100 L3WralC8 Mat Co 100,000 57,822 5,161,919 100 Merchants' Tr Co_
Lowell-
300,000 248,747 6,497,204 100
Per shareAppleton Nat Bank 300,000 n280,000 42,115,700 100 104Old Lowell Nat Bk_ 200,000 n72,564 n1,686,197 100 100 Union Nat Bank__ 350,000 555,989 4,126,919 100 198Wa,mesit Nat Bank 250,000 n127,220 n695,723 100 98 .Lowell Trust Co.._ _ 240,000 124,134 4,569,901 100 95 102Mid'sex S D der Co
Lynn-
100,000 38,217 1,435,411 100 100
Per
102
shareCentral Nat Bank._ 200,000 n401,000 n3,959,979 100 230Manufac'rs Nat Bk • 200,000 130,229 3,262,045 100 140National City Bank 200,000 3198,576 33,780,362 100 150Emelt Trust Co...... 250,000 318,063 2,218,004 100 170 Lynn S Dep dr T Co 100,000 291,391 4,054,065 100 315 350Security Trust Co..
New Bedford-First National Bk__
200,000
1,000,000
310,310
1,064,827
6,303,003
2,369,779
100
100
210
Per200
235
sha,210
Mechanics' Nat Bk 600,000 835,197 4,766,154 100 210 Merchants' Nat Ilk 1,000,000 1,342,667 4,378,644 100 200N Bed S D dr Tr Co
Peabody-
200,000 347,701 3,756,991 100 260
Per shareWarren Nat Bank.. 200,000 135,207 1,636,442 100 118
Bay City- Pot shareBay City Bank 250,000 306,743 3,208,860 100 People's Commer-
cial & Say Bank
Detroit-
400,000 477,769 6,847,766 100
Per shareAmer State Bank-- 500,000 204,717 8,177,730 100 170Bank of Detroit . 500,000 256,292 12,282,732 100 268 Central Say Bank 500,000 412,514 12,905,625 100 300 Comm'w'Ith Say 13k 500,000 118,149 2,737,419 100 Detroit Say Bank-- 750,000 1,265,997 18,729,269 100 280 Dime Says Bank..... 1,000,000 1,400,717 30,569,606 100 282 First & Old Nat Bk_ 5,000,000 3,858,820 68,132,734 100 190First State Bank.. 500,000 250,091 8,234,098 100 193 194Federal State Bank 250,000 82,124 3,070,343 100 130Merchants' Nat Bk 1,000,000 622,570 10,068,190 100 163 Nat Bk of Com'ce_ 1,000,000 1,150,794 26,039,722 100 205 212Peninsular State Bk 2,500,000 1,195,640 25,989,434 100 226 People's State Bank.. 2,500,000 4,476,799 85,020,192 100 285 300United Savings Bk.. 500,000 180,392 4,905,371 100 210WayneCoHoSavl3k 3,000,000 4,196,888 53,390,608 100 350 Detroit Trust Co- 1,000,000 2,482,717 97,962,267 100 350 Security Trust Co.. 500,000 1,007,497 93,667,788 100 262Union Trust Co..
Grand Rapids-
1,000,000 800,097 95,177,911 100
Per
190
shareCity Tr & Say Bank 200,000 113,044 1,9(12,398 100 Com'clal Say Bank 300,000 65,447 2,408,871 100 225 Fourth Nat Bank.._ 300,000 278,760 3,868,672 100 200 Or Rap Nat C'y Bk 1,000,000 403,910 7,388,097 100 150 Or Rapids Say Bk_ 400,00 409,176 6,658,947 100 250 Kent State Bank.... 500,000 727,794 9,120,575 100 240 OldNational Bank_ 800,01)0 1,015,219 10,308,664 100 200 People's Say Bank.. 100,000 109,240 1,841,505 100 300 Grand Rapids Tr Co 300,000 168,291 941(3,128 100 150 Michigan Trust Co
Saginaw-
200,000 932,877 91,500,561 100 700
Per shareBank of Saginaw 500,000 832,077 11,093,766 100 Commercial Nat Bk 100,000 106,194 1,056,754 100 Amer State Bank 100,000 61,555 2,499,968 100 People's Say Bank.. 100,000 122,717 1,543,485 100Second Nat Bank_ 500,000 v778,499 36,339,291 100
• Sale price. a Capital to be increased. b New stock. k This is the so-called "weekly deposits," now forint' g capital on which dividendsare paid. a Ex-dividend 1 Last sale. n Nov. 1 1918. sAug. 311918. d May 10 1918. Includes trust (l000slte. h Sept. 12 1916. e Dec.18 1914. s Dec. 311918. o Oct. 311918.
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•
FEB., 1919.1 BANKS AND TRUST COMPANIES 59
Where Names are Printed in italics Fuller Returns may be Found in the Advertising Columns
MINNESOTA-Nat. banks Dec. 31; State institutions latest returns.
Capital.Surplus& Profits.
GrossDeposits. Par Bid. Ask.
Duluth- $ i 0 Per share.Amer Each Nat Bk 1,000,000 1,700,497 14,119,699 100 280 City National Bank 500,000 369,660 5,829,961 100 185 First National Bank 1,000,000 82,199,321 820600,686 100 300 Northern Nat Bank 500,000 8277,147 84,752,373 100 175 Minneapolis- Per share.
Bankers Nat Bank 800,000 241,596 1,598,790 100 85 90first & Secur Nat Bk 5,000,000 5,388,504 73,805,972 100 270North Amer Bank_ 200,000 259,579 4,516,373 100 220 HennepinCoSav Bk 250,000 368,717 7,004,195 100 260 Mercantile State Bk 300,000 74,537 1,692,114 100 120 127March dr Mfg St Bk 100,000 74,960 1,515,267 100 175 Metrop Nat Bank_ 500,000 139,471 2,869,344 100 120 130Northwest Nat Bk. 4,000,000 2,921,037 53,661,462 100 a250 260St Anth'y Falls Bk- 300,000 120,107 3,692,734 100 160 165Midland Nat Bk __ 1,000,000 401,794 17,179,199 100 177 180South Side State Bk 100,000 72,809 1,961,421 100 250 Union State Bank_ 100,000 81,699 1,903,725 100 140 Minn L'n & Tr Co.. 1,000,000 758,971 4,488,401 100 St. Paul- Per share.
American Nat Bank 400,000 176,860 4,980,961 100 145 160Capital Nat Bank.. 500,000 286,472 8,402,146 100 150 160First National Bank 3,000,000 2,735,224 48,883,114 100 Merchants' Nat Bk 2,000,000 2,111,331 30,132,398 100 235 240Metropolitan Bank 100,000 25,000 610,000 100 Nat Bank of Comm 400,000 153,032 2,593,172 100 140 145Nat Exch Bank__ 300,000 114,636 1,594,845Central Bank 100,000 95,472 2,015,939 100 220 ---Stock Yards Nat Bk 350,000 3194,339 86,693,201 100 200 220Capital Tr &Say Bk 250.000 377.551 2.682.336 100 250
MISSISSIPPI-Nat. banks Dec. 31; State tnatitutions latest returns.Jackson- Per share.
Capital Nat Bank_ 200,0001 178,292 2,019,167 100 Citizens Say Bk& Tr 50,0001 27,914 662,702First Nat Bank.._ 100,000 177,479 1,306,030 100 Jackson-State N Bk 200,0001 63,467 1,506,016Much Bk & Tr Co.. 250,000 60,327 3,083,393Vicksburg-
Amer Bank & Tr Co 150,00 9,197 921,304 100 Citizens' Nat Bank 100,000 52,527 372,254 100 City Say & Tr Co.._ 50,000 79,557 1,446,472 100 First Nat Bank__ _ 300,000 188,569 1,955,630 100 Merchants' Nat Bk 100,000 436,071 2,167,807 100
MISSOURI-Nat. banks Dec. 31; State institutions latest returns.
Kansas City- Per share.Central Exch. Bank 100,000 27,112 822,673 100 145 150City Centre Bank.- 100,000 15,000 554,672 100 140 Com'wealth Nat Bk 250,00 479,000 9,046,790 100 500 Drovers' Nat Ban 1,000,00 166,721 13,227,673 100 225 First Nat Bank.... 1,000,00 2,679,117 39,255,222 100 650 Gate City Nat Bk_ 200,000 92,171 3,168,708 100 210It-State Nat Bank 500,000 1,341,702 14,730,113 100 875 700Merchants' Bank-Midwest Nat Bank
100,000500,000
25,447135,242
1,281,9395,849,918
100100
160167% Fro' -
National City Bank 1,500,000 539,337 12,678,768 100 186 191Nat Reserve Bank_ 1,000,00 202,884 8,520,090 100 160 Now Eng Nat Ba 1,000,000 850,000 17,831,169 100 242 251Produce Exch Ban 100,000 73,701 1,543,782 100 225 Security Nat Bank.. 200,000 124,309 1,191,798 100 184 200Southw Nat Bank oCommerce 4,000,000 1,609,43048,133,491 100 285 287
Burnes Nat Bank__ 200,000 8149,447 33,458,512 100 First Nat Bank.... 500,000 424,876 8,007,036 100 Amor Nat Bk 200,000 8250,797 87,641,083 100 St Jos Stk Yds Bk_ 250,000 250,000 4,500,000 100 Tootle-Lacy N Bk_ 200,000 212,864 8,673,763 100 First Trust Co____ 50,000 36,322 1,445,312 100 Missouri Val Tr Co 100,000 55,749 971,648 100 St. Louis- Per share.
Baden Bank 100,000 33,647 1,114,147 100 140 Boatmen's Bank__ 2,000,000 850,000 16,192,923 100 111 113Bremen Bank 200,000 597,640 4,373,311 100 325 Cass Avenue Bank_ 100,000 147,220 2,212,788 100 230 Central Nat Bank_ 1,000,000 343,699 15,573,165 100 128 133Chippewa Bank.... 100,000 112,307 1,848,216 100 250 Franklin Bank__ 600,000 804,697 7,629,385 100 300Grand Ave Bank__ 100,000 53,000 1,707,761 100 220 240Internat Bank St L 500,000 595,864 6,409,061 100 240 260Jefferson Bank__ _ 200,000 43,179 2,443,732 100 80 Lafayette So Side Bk 800,000 403,407 12,409,626 100 285 Liberty Bk of St Lo 1,500,000 1,443,470 13,898,361 100 200Lowell Bank 100,000 24,167,126 967,596 100 100 110Manchester Bank._ 250,000 126,190 2,474,806 100 175 Mech-Amer Nat ilk 2,000,000 2,855,335 42,797,641 100 241%Merch Laclede Nat 1,700,000 1,875,471 14,991,632 100 250Nat Bank of Com'ce. 10,000,000 3,811,304 59,119,687 100 119 120Night & Day Bank_ 150,000 37,819 1,518,731 100 Northwest'n Bank_ 200,000 654,376 6,098,670 100 300 320St Louis Union Bk_ 2,500,000 2,791,100 32,088,214 100 South'n Corn dc Say 100,000 106,340 2,085,643 100 300 State Nat Bank__ 2,000,000 940,967 11,822,170 100 185 Third Nat Bank__ 2,000,000 2,285,479 45,239,705 100 218% United States Bank 1,000,000 750,000 7,312,807 100 198American Trust Co 1,000,000 198,862 5,503,854 100 B'way Sav Tr Co__. 100,000 119,629 1,552,728 100 185 205Chouteau Trust Co 100,000 29,191 612,100 100 125 135City Trust Co 100,000 10,147 1,237,108 100 110 120Easton-TaylorTrCo 100,000 37,892 537,097 100 115 125Farm & Met Tr Co_ 200,000 36,520 1,876,389 100 125 150Jeff-Gravois Tr Co_ 100,000 20,444 1,169,392 100 100 118Laclede Trust Co... 100,000 53,279 1,036,086 100 115 120Meramee Trust Co_ 50,000 5,194 333,005 100 50Mercantile Tr Co... 3,000,000 6,820,000 41,161,821 100 338 345Miss Vail Tr Co_.... 3.000.000 5,382,149 22,135,175 100 274 275Nor St L Say Tr Co 100,000 92,671 1,378,244 100 190 200St L Union Tr Co.._ Does no banking business 100 287%Savings Trust Co__ 100,000 15,920 956,955 100 100 110South Side Tr Co... 200.000 38,271 1,761,970 100 167%Vandeventer Tr Co 50,000 10,626 719,099 100 80 85West St L Trust Co 100,000 33,001 889,739 100 110 120
MONTANA-Nat. banks Dec. 31; State institutions latest returns.
Capital.aurptus& Profits.
UT088Deposits. Par. Bid. Ask.
Butte- $ S $ Per share.First Nat Bank_ 300,000 575,814 8,461,275Miners SBk &TCo 200,000 57,727 1,474,797Silver Bow Nat Bk_ 200,000 128,479 11.785,939Daly Bank & Tr CoHelena-
100,000 383,122 7,118,486 100 Noon inal.
Amer Nat Bank__ 200,000 227,490 4,518,491 100 Nat Bk of Montana 250,000 142,669 3,578,754 100 Montana Tr &SaBk 150,000 89,527 1,847,475 100 Conrad Tr & S Bk 200,000 110,000 2,500,000 100 rTninn Me As Tr nes 2s(L.000 420_471 4_1 RR .21 a inn
NEBRASKA-Nat. banks Dec. 31; State institutions latest returns.
Lincoln- Per share.Central Nat Bank.. 150,000 97,767 2,298,968 100 City Nat Bank____ 300.000 121,172 4,000,771 100 200 225First Nat Bank- _ 500,000 425,271 4,842,160 100 --First Say Bank..__-. 100,000 49,899 1,587,409 100 Nat Bk of Com'ee- 200,000 250,000 3,208,091 100 Omaha-
* Sale price. c Capital paid In. authorized 4f1201111G is arger. Amount pill Ia.diune 29 1918. e Sept. 17 1918. n [alluding 1.1 1 .11tv Sav. & Tr. stock. I LIM. 3410.1918. h Dec. 311916 a Includes Minn L. & Tr. stock.
k ge,./ stock. s r Capita to be increased.r 4.mjr,l 25 1417. s Nov. 1 1918. 1Aug31 1918. v Dec. 27
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
60 BANKS AND TRUST COMPANIES [VOL. 108.
Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Columns
Nat Bank of N J___ 250,000 572,129 8,423,211People's Nat Bank_ 100,000 164,907 2,385,540New Bruns Tr Co__ 100,000 109,707 3,098,443Passaic-
Passaic Nat Bank__ 200,000 533,274 3,361,866Hobart Trust Co__ 100,000 156,091 2,314,195Passaic T & S D Co 200,000 352,594 6,612,793People's Bk&Tr Co 200,000 394,214 5,625,725
Paterson-First National Bank 500,000 663,179 5,999,223Paterson Nat Bank 300,000 1540,000 13,916,106Second Nat Bank__ 250,000 358,141 6,635,470Paterson Say Inst__ 1,000,000 711,090 16,326,305Citizens' Trust Co_ 234,900 422,777 4,510,264Franklin Trust Co_ 150,000 102,060 1,518,181Hamilton Trust Co 500,000 453,914 6,580,029Paterson S D&TrCo 300,000 442,737 4,484,471U S Trust Co 350,000 500,743 8,446,955
Plainfield-City Nat Bank 150,000 302,004 4,011,752First Nat Bank.... 200,000 108,110 4,165,271Plainfield Trust Co 300,000 381,964 7,139,644State Trust Co 100,000 69,330 2,288,203
Trenton-Broad St Nat Bank 250,000 426,932 5,810,132First Nat Bank.... 500,000 576,491 5,912,181Mechanics' Nat Bk 500,000 1,346,914 13,628,743Trenton Bkg Co... 500,000 776,744 4,641,809Mercer Trust Co 100,000 183,047 3,380,111Trenton TdcS D Co 200,000 313,030 5,330,031
Per
100100100100
100100100
100100100100
10010050100100
100100100
Bid.
Per100120160280Per
295285-Per
275
Per245290190
275170340330375
Ask.
share.
share.300290
share.
share.280
2156-350
350400
1001005050100100
•1902123i280
NEW YORK-Nat.bks. (except N.Y. City) Dec. 31; State inst. latest returns.Albany-
First Nat Bank_ _ _ _Mech & Farmers...Nat Commercial BkN Y State Nat Bk..Albany Trust Co__Union Trust Co_ _ _
Auburn-Cayuga Co Nat BkNat Bk of Auburn_Auburn Trust Co..
Binghamton-Citizens Bank City National BankFirst Nat Bank_ _ _ _People's Trust Co..
Brooklyn-Depodate Feb. 1 191918 for Nation
Bank of Coney Isi'dFirst National Bk..Greenpoint Nat BkHillside Bank Homestead Bank_ _Mechanics' Bank_ _Montauk Bank.....Nassau Nat Bank..National City BankNorth Side Bank People's Nat Bank_Ridgewood Nat BkBrooklyn Trust Co_Franklin Trust Co_Hamilton Trust CoKings Co Trust Co_Manufact'rs' Tr CoPeople's Trust Co..Buffalo-
Bank of Buffalo....Liberty Bank -_Manuf & Trad NatMarine Trust Co.._Market Bank People's Bank Un Stock Yds Bk..Bankers Trust Co..Buffalo Trust Co Citiz Com'l Tr Co_City Trust Co Fidelity Trust Co_Elmira-Merchants' Nat BkSecond Nat Bank_ _Chemung Can T Co
New York City-are of date Feb.1918 for Nationof banks andmay be found in
America, Bank of _ _Am Exch Nat BankAtlantic Nat Bank_Bank of Cuba Bank of Europe_ _ _Bank of U S Battery Pk Nat BkBowery Bank Broadway Cent BkBronx Borough Bk_Bronx Nat Bank.. _
• Bryant Park Bank_Butch & Drov Nat_ChaseNational Bk.Cent Mercantile Bk
600,000250,000
1,000,000500,000400,000250,000
200,000200,000150,000
100,000200,000400,000800,000
sits of Broo19. Surplat and No
100,000500,000200,000100,000200,000
1,600,000100,000
1,000,000300,000200,000200,000100,000
1,500,0001,000,000500,000500,000
1,000,001,000,000
1,000,000500,000
2,000,0006,000,000100,000600,000500,000
2,000,000500,000
1,250,000500,000
1,000,01)0
250,000400,000600,000
Deposits of1 1919.
a/ and Novtrust compour "Ry.1,500,0005,000,0001,000,000100,000150,000
N. Y. City banks areSurplus an d profits ar1 for State Banks. Aanies in N ew York Ciand Ind." Sec., page6,859,761 29,388,0005,689,400 100369000900,000 14,330,00096,700 61,147,700100,679 63,350,022234,747 e6,172,769
National Bank_ _ 6,000,000 11,301,700 147511000 100 345 360Merchants' Nat Bk 2,000,000 2,731,300 22,324,000 50 140Metropolitan Bank 2,000,000 2,316,767 24,289,000 100 175 Mutual Bank 200,000 548,009 9,293,000 100 375Nemeth State Bk. 100,000 27,339 e1,008,668 100 New Neth'iand Bk_ 200,000 196,462 4,850,000 100 200 215N Y Co Nat Bank_ 1,000,000 427,300 11,048,000 100 130 140N Y N 13 A, Bk of_ 2,000,000 5,617,200 34,793,000 100 425Pacific Bank Park Bank, Nat_ _ _
500,0005,000,000
1,097,46918,698,000
14,554,000158752000
50100
150575 55-
Produce Ex Bk,N Y 1,000,000 1,200,500 23,905,000 100 200 Public Nat Bank.. 1,000,000 1,008,400 v33762,700 100 h210 220Seaboard Nat Bank_ 1,000,000 3,602,800 41,437,000 100 450 470Second Nat Bank.. 1,000,000 4,050,000 16,289,000 100 400 425Sherman Nat Bank 500,000 183,000 v7,113,700 100 125 135State Bank 2,000,000 548,300 38,691,000 100 120 125Twenty-third W Bk 200,000 141,000 e3,918,700 100 115 130Union Exch Nat Bk 1,000,000 1,219,800 14,322,000 100 150 160Wash Il'ts, Bank of 100,000 469,507 2,064,000 100 275 Westchester Ave Bk 100,000 83,307 e2,305,008 100 160 175Yorkville Bank__ _ 200,000 609,100 9,402,000 100 290 310American Trust Co 1,000,000 200,094 1,291,067 100 Bankers Trust Co.. 15,000,000 16,283,200 294678400 100 384 389Central Union •TrCo 12,500,000 18,202,634 227953733 100 405 410
Columbia Trust Co 5,000,000 6,850,479 88,699,714 100 307 312Commercial Tr Co_ 500,000 123,200 4,873,400 100 88 100Empire Trust Co.. 2,000,000 2,000,000 41,000,000 100 h285 295Equitable Trust Co 6,000,000 13,326,394 217624702 100 410 420Farmers' L & T Co_ 5,000,000 12,021,944 167503001 100 410 420Fidelity Trust Co 1,000,000 1,268,442 10,963,417 100 225Fulton Trust Co.. _ 500.0001 565,507 8,105,389 100 230 260Guaranty Trust Co 25,000,000 27,428,964 543513362 100 370 375Hudson Trust Co 500,000 608,300 5,017,000 100 135 145Irving Trust Co 1,500,000 1,142,017145,824,910 100 Lawyers' Title &Trust Co 4,000,000 5,212,665,16,058,424 100 07 105
Lincoln Trust Co.. 1,000,000 614,320,19,629,701 100 180 MercantileTr&DCo 1,000,000 716,90015,189,300 100 210 Metropolitan Tr Co 2,000,000 4,383,20036,912,800 100 345 N Y L Ins & Tr Co 1,000,000 4,406,407 23,701,700 100 785 810New York Trust Co 3,000,000 10,607,271 61,213,448 10) 605 615Scandinavian Tr Co 1,000,000 1,879,279 27,595,288 100 205 315Title Guar & Tr Co 5,000,000 11,947,880 29,679,164 100 330 340Transatlantic Tr Co 700,000 440,1001 6,748,700 100 170U S Mtge & Tr Co_ 2,000,000 4,628,700,67,347,700 100 420 430U S Tr Co of N Y. 2,000,000 14,304,949,37,870,899 100 890 910
Jamaica, L. 1Bank of Long Isi'd_ 900,000 773,200 18,932,000 100 First Nat Bank- 100,000 44,900 1,853,300 100 Queens Co Trust Co 600,000 113,700 2,789,700 100 65 75
Rochester- Per share.Alliance Bank 500,000 692,447 13,772,772 100 210 215Central Bank 300,000 325,077 9,343,777 100 20.5 215Citizens Bank _ _ 250.000 134,019 1,770,942 100 130 140Merchants' Bank 500,000 454,927 8,556,219 100 170 181)Lincoln Nat Bank_ 1,000,000 1,904,874 19,447,940 100 215 220Nat Bank of Comm 750,000 820,407 11,038,033 100 155 160Traders' Nat Bank_ 500,000 342,337 8,817,908 100 150 Fidelity Trust Co.. 500,001 400,000 8,992,936 100 176 225Genesee Vail Tr Co 400,0011 555,804 7,630,190 100 100 Roch Tr & S D Co_ 500,000 848,597 21,600,724 100 350 500Security Trust Co_ 300,000 696,724 14,435,934 100 500Union Trust Co... 1,000,000 566,949 12,947,280 100 140 150
Troy- Per share.Mauufac'ra Nat Bk 150,000 e663,170 e12,732760 100 525 _ .National City Bank 300,000 e302,994 e5,280,766 100 170 172Nat St Bk of Troy_ 250,000 e412,967, e3,600,018 WO 215 220People's Bank 100,000 137,229 995,640 100 214 216Union Nat Bank_ 300,000' 8,1,0071 2,649,141) 50 100 118United Nat Bank_ 240,000 1436,327 1938,300 '100 295 300Security Trust Co_ 200,000 156,680 3,657,892 100 190 195Troy Trust Co.__ 200,000 58,124 2,014,108 100 93 95
*Sale price. b Paid in. k Capital to be increased. x Ex-dividend. c Oct. 18 1918. • Nov. 1 1918. Last sale. I Aug. 31 1918.vDec. 311918. a June 29 1918. h New stock. a April 20 1918. p Tr. ctfs. Includes 1-3 share Irving Trust Co. g Ex-rights. r April 11918. d April 241918. n May 101918. t Dollars per share.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1019 BANKS AND TRUST COMPANIES61
Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Colum
Un States Nat Bk 1.54)0,000 1,498,517 25,287,207 1.00
FlpenrItv Sav At Tr 250.000 192,627 2,621.714
0 Sale mice. h New stock. k Capital to be Increased. p Amount paid in. s Ex-dividend. y Last 3ale. 4 Theo.- figures date Sept. 23.
1918. v Nov. 1 1918. u Oct. 31 1914. r Sept. 19 1918 1 Oct. 16 1918 a Endorse-1 stock includes 1.1% Pr. Sac. Be c Juno 29 1918
• Includes Oneida Co. Ti. Co. a Cit. Un. Corn. ctfs. n Aug. 311018.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
62 BANKS AND TRUST COMPANIES [Vol.. 108.ANN,Where Names are Printed in Italics Puller Returns may be Found in the Advertising Columns
PENNSYLVANIA-Nat. bks. (exc. Phila.) Dec.31; State inst. latest returns. PENNSYLVANIA-(ContInued.)
Capital.Surplus& Profits.
GrossDeposits. Par. Bid. Ask.
Capital.Surplus
as Profits.Gross
Deposits. Par. Bid. Ask
Phila.-(Con.) Per slew,Allentown- Per share. $ $Allentown Nat Bk. 1,000,000 737,473 4,951,572 100 198 200 Guar Tr & S D Co_ 1,000,000 519,874 7,574,744 100 119Merchants Nat Bk_ 200,000 465,227 4,744,097 100 *370 Haddingt'n TacTCo 125,000 66,677 2,135,886 100 121Ridge Ave Bank_ _ 50,000 38,921 616,718 50 *95 100 Hamilton Trust Co 200,000 241,979 2,449,297 100 160Second Nat Bank__ 300,000 675,970 4,456,783 100 400 410. Holmesburg Tr Co.. 125,000 100,917 814,236 50 62%Allentown Tr Co.._ 150,000 193,924 967,789 30 75 80 Indus'l Tr T dg Say.. 500,000 1,266,900 5,848,508 50 176Citizens Dep&TCo 125,000 166,990 1,835,722 25 80 85 Integrity Title InsLehigh Valley T Co 125,000 693,173 2,671,318 50 325 Tr dr S D Co.. 500,000 1,657,172 6,532,391 60 22031Penn Counties Tr.._ 300,000 126,886 1,205,667 50 60 *62% Kensington Tr Co_ 200,000 228,090 5,782,328 60 6031Land Title & Tr Co 2,000,000 5,509,974 13,766,676 100 489%Liberty T & T Co.. 500,000 524,099 2,931,199 60 10Altoona-Per share. Logan Trust Co..__ 1,000,000 428,067 8,438,006 100 157First Nat Bank__ 150,000 448,720 2,294,709 100 325 350 Market St T & TCo 224,810 259,429 4,402,394 35 131Second Nat Bank._ _ 100,000 259,097 2,092,179 100 200 210 Manayunk Tr Co- 250,000 265,867 2,041,768 25 64gUnion Bank 125,000 64,640 732,742 100 150 160 March Un Tr Co- 1,000,000 171,676 2,076,749 100 90Altoona Trust Co.... 250,000 360,497 1,955,433 100 200 210 Mortgage Trust Co 125,000 9,762 18,802 25 Central Trust Co__ 243,000 195,207 1,270,903 100 200 210 Mutual Trust Co__ 438,038 84,791 1,472,869 50 35Mountain C'y T Co 162,962 116,727 1.092,725 30 45 47 Northern Cent Tr_ 148,630 265,888 50 Northern Trust Co_ 500,000 2,249,167 8,613,210 100 £500No Phila Trust Co_ 250,000 509,547 3,905,944 50 11200Brie-Per share. No Western Tr Co_ 160,000 574,362 5,288,161 50 11286First National Bk__
Marine Nat Bank__300,000300,000
n824,549n445,721
n8,319,797n4,514,015
100 100
Parkway Trust Co Pelham Trust Co
125,000150,000
20,000110,192
334,5271,108,233
100IOU
-132%,People's Bank 200,000 177,517 3,103,718 100 Penn Co for InsurSecond Nat Bank__ 300,000 608,592 7,125,422 100 on Lives & Or An 2,000,000 5,318,171 28,105,673 100 700Erie Trust Co 300,000 489,776 5,970,014 100 Penn W'h'g&SD Co 1,000,000 76,870 781,062 60 10u&cur Say & Tr Co.. 200,000 376,000 4,008,000 100 People's Trust Co 634,450 115,071 2,710,189 50 35%.Philadelphia Tr Co 1,000,000 5,218,609 17,778,489 100 710Provident Life & Tr 2,000,000 6,101,032 10,521,925 100 431Harrisburg-
Per share. Real EstTrCo, com 1,319,600 629,604 6,711,776 1100 60%.East End Bank 50,000 63.500 906,000 50 115 do do pref 2,273,800}
1100 96First National Bk... 100,000 e 608,260 a2,102,199 100 1585 Real Est T I dr Tr 1,000.000 2,121,190 4,846,082 100 32531Harrisburg Nat Bk 300,000 533,701 1,960,230 25 62% Republic Trust Co_ 400,000 249,303 2,554,495 50 62%Merchants' Nat Bk 100,000 o 311,392 v1,131,307 100 390 Rittenhouse Tr Co 250,000 79,577 1,578,749 50 55Central Trust Co.._ 125,00C 367,340 1,900,000 26 100 Tacony Trust Co.. 150,000 195,997 2,164,281 100 240Commercial Tr Co. 125,000 08,321 654,238 50 178 Tioga Trust Co.. 125,000 49,219 1,200,162 50 84Commonwealth Tr.. 250,000 689,572 2,773,437 100 425 United Sec L I & T 1,000,000 1,068,261 1,582,329 100 100Dauphin Dep Tr Co 300,000 363,417 3,893,962 100 Wayne June Tr Co.. 160,000 63,701 960,726 100 100Harrisburg Tr Co.... 400,000 611,794 2,699,941 100 320 West End Tr Co 2,000,000 1,968,977 7,711,287 100 160Security Trust Co.. 125,000 46,424 1,017,244 25 132 West Phila T&TCo 500,000 693,864 4,705,524 50 147Union Trust Co...... 250,000 117,909 1,396,440 100 130
Pittsburgh- Nom% priceLancaster-Per share.Conestoga Nat Bk_ 200,000 516,270 1,834,329 100 370 372 Allegheny Val Bk... 50,000 60,000 1,545,161 50First Nat Bank....._ 210,000 223,671 458,326 100 215 216 All Nations Dep Bk 75,000 71,884 1,389,605 ......
Fulton Nat Bank_ _ 200,000 218,030 2,142,658 100 220 225 Anchor Say Bank.... 100,000 413,267 3,185,656 50 Lancaster Co N Bk 300,000 477,797 973,861 60 122 124 Arsenal Bank 100,000 223,771 1,121,699 50 Northern Nat Bk... 125,000 106,967 559,138 100 150 154 Bk of Pittsb N A... 2,400,000 4,023,504 48,851,706 50People's Nat Bank.. 200,000 229,909 1,402,923 100 185 187 Bk of Secured Says.. 125,000 153,000 1,750,000 50 Farmers' Tr 225,000 821,214 3,770,393 50 253 255 Citizens Say Bank_ 150,000 626,942 8,205,609Guaranty Tr Co___ 294,000 73,774 693,711 100 100 101 City Deposit Bank_ 200,000 929,597 7,811,939 50 Lancaster Trust Co 250,000 1,131,767 6,621,556 100 600 605 Columbia Nat Bk__ 600,000 1,069,741 12,114,209 100 Northern Tr dr S Co 125,000 181,707 1,621,088 50 140 145 Diamond Nat Bk__ 600,000 1,618,604 12,452,595 100 People's Trust Co__ 125,000 522,140 2,968,232 50 295 300 Dollar Say Bank__ 1,312,379 127,726 36,079,969Union Trust !.50,000 150,677 1,872,833 50 110 112 Duquesne Nat Bk_ 600,000 551,030 8,819,669 LinExchange Nat Bk_ 750,000 858,440 7,769,992 50 Farmers' Dep N B. 6,000,000 2,002,711 52,318,909 100 Philadelphia- Deposita of banks dale Feb. 1 19 19 Per share. Farmers' Dep S Bk 100,000 697,819 6,172,690 100 American Bank..... 200,000 118,737 c2,272,791 50 154% Fifth Avenue Bk_ 100,000 114,674 1,574,944 50 Bank of Commerce.. 300,000 185,890 c2,741,486 100 125 First N Bk of Birm 100,000 111,937 1,453,060 100 Bank of No Amer.._ 1,000,000 2,190,217 22,114,000 100 2513( First National Bk 4,000,000 1,360,446 24,235,719 100 Broad Street Bank.. 125,000 29,272 c829,795 50 160 Fourteenth St Bank 200,000 251,967 4,173,037 _Centennial Nat Bk_ 300,000 706,647 4,537,000 100 275 Freehold Bank..___ 200,000 1,036,444 456,798 10uCentral Nat Bank.. 1,000,000 4,167,199 20,736,009 100 415 German S Jr D Bk 200,000 235,434 3,965,998 50 Corn Exch Nat Bank 2,000,000 2,864;569 41,925,000 100 345 Citizens Say Bk_ 150,000 647,417 8,224,740 100 Drovers & Mer Bk_ 200,000 49,909 c1,009,900 60 Homew'd Poop Bk 50,000 48,142 1,677,936 50 Eighth Nat Bank__ 275,000 1,184,986 5,381,000 100 429 Iron&GlassDol Say 172,700 345,483 2,619,494 100 First National Bank 1,500,000 1,923,932 36,687,000 100 215 Keystone Nat Bank 500,000 642,279 7,307,027 100 Fourth St Nat Bank_ 3,000,000 7,477,247 62,778,000 100 310 Liberty Nat Bank 200,000 n134,022 n1,298,777 100 Franklin Nat Bank_Girard Nat Bank_ _ _
1,000,0002,000,000
4,319,9005,779,299
58,973,00065,620,000
100 100
490344
Liberty Say Bank...Manufac'rs Bank.
100,000100,000
74,910229,670
1,378,8741,090,127
100 50 Kensington Nat Bk 250,000 424,803 3,423,000 50 105 Marine Nat Bank_ 300,000 n137,037 n1,903,012 100 Manayunk Nat Bk 200,000 579,067 e4,464,998 100 330 Mellon Nat Bank.. 6,000,000 4,441,417 103916397 100 Market St Nat Bk...... 1,000,000 1,663,994 12,770,000 100 180 Metropolitan N Bk 200,000 90,474 1,741,283 100 Middle City Bank.. 300,000 98,900 c2,340,901 50 152°% Monongahela N Bk 1,000,000 1,800,794 9,753,413 100 Nat Bk of Germ't'n 200,000 637,274 c5,853,979 50 14031 Nat Bank of Amer 200,000 n392,990 n5,030,700 100 Nat Security Bk.... _ 250,000 1,300,961 7,775,000 100 442 Ohio Valley Bank.. 100,000 68,100 1,026,670 100 Ninth National Bk_ 400,000 1,078,411 7,601,000 100 340% Park Bank 50,000 95,490 2,235,930 50 North Penn Bank.... 150,000 123,141 c1,563,921 100 130 Pennsylvania N Bk 200,000 n219,697 n1,390,443 100 Northern Nat Bank 200,000 240,471 4,936,000 100 200 Penn Say Bank 100,000 68,427 1,124,096 50 Northwestern N B.. 200,000 894,237 5,279,000 100 40131 People's Nat Bank.. 1,000,000 2,270,764 27,104,188 100 Oxford Bank 100,000 13,521 c914,673 50 People's Say& Tr Co 3,000,000 6,373,091 10,917,286 100 Penn National Bk_ 1,000,000 2,227,279 9,764,000 100 1 270% Second Nat Bank.. 300,000 n958,707 n4,605,161 100 Philadelphia Nat Bk 3,000,000 7,602,004 101206000 100 1 350 Third National Bk_ 500,000 278,241 3,284,11$ 100 Quaker City Nat B 500,000 531,687 2,954,000 100 1 130 Union Nat Bank 2,000,000 4,687,007 30,883,110 100 Second Nat Bank.._ 280,000 732,822 c5,495,881 100 1 31731 Union Savings Bk_ 1,000,000 1,124,371 17,590,566 100 Sixth Nat Bank...
Southwark Nat Bk.150,000250,000
322,067270,876
3,260,0005,935,000
100 100
112021553i
Western Nat BankWestern S & D Bk_
1,000,000250,000
476,523402,117
8,630,7342,573,673
100 100 S'western Nat Bk_.. 200,000 162,194 1,105,000 100 1 115 Allegheny Trust Co 700,000 542,671 3,526,921 100 Tenth Nat Bank_ 200,000 144,749 2,028,000 100 1 120 Colonial Trust Co.. 2,600,000 3,580,497 13,875,552 50 Textile Nat Bank.... 200,000 169,247 2,384,000 100 1 11531 Com'wealth Tr Co.. 1,500,000 1,461,774 8,584,714 100 Third Nat Bank.._.. 600,000 925,700 7,683,000 100 1 250 Continental Tr Co.. 450,000 236,027 1,130,752 100 Tradesmen. Nat Bk.. 500,000 1,233,849 10,472,000 100 1 250 Dollar Say dc Tr Co 1,000,000 1,177,437 5,554,872 100 UnionNat Bank___ 500,000 590,889 13,003,000 100 1 210 East End S & Tr Co 250,000 164,967 2,261,371 100 West Phila Bank__ 100,000 31,647 c1,086,548 50 145 Fidel Tit & Tr Co.. 2,000,000 4,316,179 13,395,395 100 Aldine Trust Co...... 200,000 200,294 1,142,415 100 1 160 Franklin Say & Tr.. 175,000 108,291 1,063,893 25. BelmontTrust Co_ 125,000 75,112 1,142,416 50 135 HazIew'd S dr T Co.. 165,400 136,417 1,855,916 100Cent Tr dr Say Co.._ 750,000 571,184 8,160,466 50 70 Hill Top S dr T Co.. 150,000 102,576 1,775,432 50Cheiten Trust Co.... 200,000 148,697 2,717,182 100 1149 Manchester SayingsColonial Trust Co.. 300,000 348,537 3,384,873 50 I 105 Bank dc Trust Co 250,000 117,035 2,220,502 50Columbia Ay Tr Co 400,000 563,197 3,353,696 100 1 20131 March Say & Tr Co 125,000 22,767 938,850 50Commercial Tr Co 1,000,000 2,124,717 13,867,739 100 5400 Metropolitan Tr Co 125,000 43,044 986,126 100Com'lth T Ins & T.. 1,000,000 1,400,060 6,588,926 100 £23031 Oakl'd Say dr Tr Co 200,000 260,000 3,302,046 100Cont-Eq T & T Co.. 1,000,000 1,260,524 8,713,697 50 184 People's Trust Co.. 250,000 169,676 1,907,705 100 Empire Tit de T Co.. 156,575 49,841 768,676 25 515 Pittsburgh Tr Co.. 2,000,000 1,991,592 14,314,032 100Excelsior Tr & S Fd 300,000 104,767 2,279,368 80 160 Potter Tit & Tr Co_ 500,000 133,434 2,570,724 100 Federal Trust Co__ 125,500 106,317 2,716,800 100 1 125 Provident Trust Co 150,000 100,027 790,943 100 Fidelity Trust Co__ 5,000,000 7,259,247 24,802,430 100 1500 Real Est 8 & Tr Co 400,000 69,047 2,462,626 100 Finance Co, 1st pref a1,470,000 f 100 1 100 Real Estate Tr Co.. 2,000,000 1,782,114 3,726,844 1002d pref a1,530,000)2,285,837 1,369,486 1100 1 105 South Hills Tr Co_ 125,000 84,504 1,120,172 100 Frankford Tr Co__ 250,000 504,991 4,675,456 50 177 South Side Tr Co_ 300,000 221,211 2,177,208 100 Franklin Trust Co.. 600,000 392,667 8,114,761 100 I 1643 Terminal Trust Co.. 125,000 29,021 463,749Germantown Tr Co 1,000,000 1,101,247 8,382,725 100 1 21731 Union Trust Co 1,500,000 35,598,754 71,510,667 100 Gir'd Av T & T Co.. 200,000 175,347 1,594,016 50 I 76 Washington Tr Co_ 350,000 403,737 6,695,985 100Girard Trust Co........ 2,500,000 8,865,412 39,765,727 100 1 800 West End 8 B & Tr 125,000 358,914 2,690,914 50 William Penn Tr Co 125,000 24,976 862,079
Workingman's SayBank & Trust Co 100,000 1,264,701 7,516,684 50 -----
*Bale price. a Capital pa din; authorized amount is larger. b Capital to be increased. d Juno 29 1918. v Oct. 10 1918. z Et-dividend.Meet sale. •Jan. 18 1918. 8 May 1A1 L918. t Aug 31 1918. c Dec. 311918. h New stock. n Nov. 1 1918.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEB., 1919.] BANKS AND TRUST COMPANIES 63
Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Columns
Wilkes-Barre---- Per share.Dime Deposit Bank 200,000 168,974 1,698,735 50 98 100First National Bank 375,000 566,022 3,967,974 100 260 270Luzerne Co Nat Ilk 400,000 n201,327 n2,265,694 100 135 138Miners' 13k of W B_ 750,000 2,439,944 7,783,524 50 190 195Second Nat Bank_ _ 500,000 1.246,076 7,789,422 100 350 360Slavonic Deposit Ilk 100,000 93,471 1,679,713W B Dep & Sao., BK 150,000 492,492 3,594,75:3 50 195 200Wyoming Nat Bank 150,000 n832,667 n3,289,076 50 275 300Wyoming Val Tr Co 350,000 740,000 3,841,076 165 170
Williamsport - Per share.First National Bank 300,000 8519,272 82,433,277 100 - _ Lycoining Nat Bk_ 100,000 8201,994 8553,392 100West Branch N BK_ 400,000 11,516,921 £4,850,418 100 Williamsport N 13k 100,000 £136,797 £650,595 100Northern CentralTrCo 500,000 202,772 2,281,197 100
Suso Tr & S Dep CoYork-
400,000 406,897 2,010,997 50Per share.
Central Nat Bank_ 200,000 857,144 8585,530 100 City Bank 250,000 226,497 2,186,836 50 ------
Drov Sc Much N Bk 100,000 8123,539 8934,418 100 First National Bank 500,000 8120,939 82,567,549 100 Western Nat Bank. 225,000 880,449 31,446,347 100 York Co Nat Bank_ 300,000 8545,172 s1,783,996 20 York Nat'l Bank.... 500,000 8337,490 82,130,880 25 Guardian Trust Co 300,000 100,348 1,249,589 25 Secur Title & Tr Co 250,000 64,410 1,163,787 50 York Trust Co...... 300,000 101,101 1,715,741 50
RHODE ISLAND-Nat. banks Dec. 31; State institut.:ons latest returns.
New port - Per share.Aquidneck Nat lik_ 200,000 e132,104 e2,531,165 59 Nat Exchange Bank 100,000 n93,694 n833,509 50 Newport Nat Bank 120,000 94,837 786,893 00 Newport Trust Co_ 300,00( 194,964 2,128,111 100
Pawtucket- Per Mars.Slater Trust Co..___
Providence-
500,000 1,340,541 12,905,762 100
Per share.Blackstone Can Nat 500,000 610,978 2,176,140 23 43Columbus Exch 13k 100,000 30,392 924,568 50High Street Bank.... 120,000 136,874 967,973 50 95 Mechanics' Nat Bk 500,000 278,974 4,593,637 50 60Merchants' Nat Bk_ 1,000,000 1,354,029 8,599,913 50 90Nat Bank of Comm 850,000 957,844 6,513,778 50 70Nat Exchange Ilk__ 500,000 1,179,721 11,110,570 100 255 2§9-Phenix Nat Bank.... 450,000 850,027 1,740,091 5() 107% Providence Nat Ilk 500,000 1,037,204 2,456,732 100 218 Westminster Bank.. 300,000 110,000 2,200,000 50 5(3Industrial Trust Co 3,000,000 5,217,194 61,028,641 100 235 2i6 Rhode I Hos 'Fr Co 3,000,00( 4,045,698 46,721,174 1000 _ -3250Union Trust Co...._
SOUTH CAROLINA-Nat. banks Dec. :31; State institutions latest rotts•n4
-Charleston- Per shareAtlantic Nat Bk___ 200,000 42,221 1,307.4211 100 150Atlantic Say Bank.. 200,000 258,167 3.439,938 100 '27(3 275Bk of Charrn,NBA 50)),000 n742,069 n9,244,964 100 265 276Carolina Say Bank_ 200,000 187,321 2,559,263 100 220 250Chart Say Instit'u_ 100,000 107,977 923,725 100 375 400Citizens Bank 125,000 9,245 1,037,000 100 75 80Commercial Nat Bk 200,000 n86,429 7/1,244,669 100 1:30 135Dime Savings Bank 60,000 80,727 788,894 100 210 225Enterprise Bank 50,000 27,881 1.090,723 100 100 105Exch 13kg Sc Tr Co.. 50,000 80,000 680,000 100 250 255First National Bank 200,000 n474,470712,010,905 100 350 3(30Miners & Met Bk 50,000 22,827 441,701 100 120 125People's Nat Bank.. 500,000 n269,792 n4,672,271 100 141) 145Security Say Bank_ 50,000 33,000 1,088,000 100 2215 250So Car L'u Sc Tr Co 100,000 45,000 1,62:3,457 100 150 155Spartanburg-
American Nat Bank 100,000 59,774 579,093 100 180Bank of Commerce 60,000 12,000 500,000 100 11013k of Spartanburg.. 100,000 53,704 1,0;56,891 100 145 Central Nat Bank_Dollar Say Bank__
• TENNESSEE-Nat. banks Dee. 31: State institutions latest returns.
Capital.Surplus
dc Profits.Gross
Deposits. Par. Bid. Ask.-------Chattanooga- Per share.
ChattanoogaSay 13k 750,000 323,297 4,954,697 100 First National Bank 750,000 743,174 14,858,725 100 Hamilton Nat Bank 1,000,000 614,822 16,006,294 100 Hamilton Tr Sc S B.. 250,000 186,794 2,737,096 100
Knoxville- Per share.American Nat Bank 100,000 v25,000 v500,000 100 City National Bank 500,000 n254,101 n5,865,997 100 East Tenn Nat Bk_ 400,000 n684,490 n5,416,900 100 Holston Nat Bank. 500,000 n135,397 n2,114,678 100 Knox Co Bank Sc Tr 100,000 9,500 250,000 100 Mech Bk Sc Tr Co__ 300,000 71,387 1,310,661 100 Third Nat Bank__ 300,000 8154,067 81,318,939 100 Union Nat Bank...... 200,000 v75,000 v2,550,000 100
Memphis- Per shareBank of Com&T Co 1,500,000 1,604,417 20,022,906 100 290 295Cent State Nat Bk.. 600,000 331,447 5,967,719 100 150 155First National Bank 500,000 750,417 5,621,092 100 255 265Amer S B Sc Tr____ 50,000 65,517 1,504,230 100 375 400Man Say Bk Sc Tr__ 100,000 152,717 2,735,229 25 National City Bank 200,000 23,444 2,808,915 100 125 No Memphis S Bk_ 150,000 116,977 2,677,991 100 225 250People's S Bk & 50,000 25,802 682,774 100 140 150Security Bk Sc TrCo 300,000 15,000 1,050,000 100 80 85State Savings Bank 50,000 65,229 875,670 100 255 275Union Sc Planters'Bank Sc Trust Co 1,800,000 598,274 19,093,164 100 190 200
Union Say Bank ScTrust Co 50,000 54,221 1,211,774 100 360 375
Comm Tr Sc Say Bk 350,000 180,967 4,397,972 100 260 265
Nashville- Per Aare.American Nat Bank 1,000,000 430,104 10,662,621 100 160 170Broadway Nat Bk_ 200,000 209,017 3,174,444 100 210 220Central Bk Sc Tr Co 100,000 30,000 900,000 100 120 125Cumberland Val N B 300,000 69,544 4,922,499 100 145 155First S Bk Sc Tr Jo_ 220,000 138,017 3,795,990 100Fourth& First Nat B 1,100,000 1,128,609 21,853,710 100 g250 255Tennessee Hermi-
tage Nat Bank 300,000 91,872 1,537,226 100 100 110Nashville Trust Co 350,000 379,207 2,434,968 100 210 220State Bk Sc Tr Co.._ 100,000 25,527 1,173,127 100 140 150
TEXAS-National banks Dec. 31; State institutions latest returns.
Austin- Per shareAmerican Nat Bank 300,000 787,521 5,538,940 100 Austin Nat Bank__ 330,000 653,394 4,424,996 100 State National Bk_Beaumont-
100,000 50,214 1,049,002 100 Per share.
American Nat Bank 100,000 387,829 3,253,210 100 First National Bank 200,000 456,537 2,654,362 100 Gulf National Bank 150,000 193,719 3,318,763 100 Texas Bank Sc TrCo
Dallas-250,000 141,345 2,050,379 100
Per shamAm Exch Nat Bank 1,500,000 1,827,327 19,218,270 100 350 355Central State Bank 300,000 36,170 1,592,776 100 124 126City National Bank 1,000,000 1,701,724 17,337,000 100 350 355First State Bank..... 400,000 119,492 3,338,364 190 158 162Nat Bk of Comm'ce 1.50,000 n219,767 n2,393,491 100 233Security Nat Bank_ 1,500,000 505,107 13,427,739 100 169 171Dallas Tr Sc Say Bk 1,000,000 207,917 2,694,176 100 124 126Tenison Nat. Bank 500,000 106,812 2,013,364 100 150 165
El Paso-Border Nat Bank_City Nat Bank
200,000300,000
15,96763,449
511,4812,914,325 io(5
First Nat Bank 890,000 240,567 9,550,900 100 State Nat Bank.... 110,000 154,444 3,179,822 100 Amer. Tr. SiT. Bk. 200.000 100,571 1,552,309El Paso Bk Sc Tr_ 200,000 5,187 1,245,639Rio Gr Val Bk Sc Tr 500,000 93,639 2,368,373Security Bk Sc Tr__ 200,000 10,437 1,088,797Texas Bk Sc Tr Co.. 100,000 100,000 1,485,549 100 Union Bank Sc Tr_Fort Worth-
150,000 32,171 1,468,012Per sham
American Nat Bank 200,000 242,975 2,961,035 100 Continental Bk&Tr 500,000 270,000 1,500,000 100 Farm Sc Mach N Bk 300,000 n342,490 n5,361,674 100 First National Bank 1,000,000 e650,000 e10300000 100 Ft Worth State Bk. 100,000 27,109 890,000 100 Fort Worth Nat Bk 600,000 1,354,900 8,903,893 100 Stockyards Nat Bk 200,000 221,690 3,562,702 100 Texas State Bank.._
Galveston-200,000 67,019 1,969,913 100
Per share.City National Bank 200,000 n210,409 n3,565,239 100 180 185First National Bank 200,000 n245,207 n1,891,806 100 150 160Texas Bank Sc TrCo 200,000 550,000 5,000,000 100 250Houston- No minal p-r;.c-e-s
First National Bank 2,000,000 570,214 16,843,496 100 180 Houston Nat Ex Bk 400,000 550,037 8,942,179 100 325 Lumber'ns Nat Bk_ 600,000 450,000 6,201,342 100 188 192Nat Bank of Comm 500,000 172,092 3,373,72:, 100 150 160Union Nat Bank..__ 1,000,000 657,137 13,650,060 100 175 180Sou Texas Commer-
Alamo Nat Bank_ 500,000 334,241 5,504,947 100 City National Bank 100,000 101,244 1,608,048 100 Frost National Bk_ 500,000 504,347 4,511,297 100 Groos Nat Bank 250,000 106,221 1,218,370 100 Lockwood Nat Bk.. 200,000 304,500 2,300,006 100 Nat Bk of Ccrmm'ce 609.000 194,109 2,805,687 100 San Antonio NatBk 500,000 235,912 2,872,317 100Central Trust Co__ 1,000,000 145,539 3,051,713 100 Commerc' State Bk 150,000 14,073 891,906 100 Com'w'ith li&T Co 300,000 52,374 1,442,169 100 Guaranty State Bk 150,000 16,761 1,346,636State Nat Bank...._Waco-
500,000 105,701 3,785,790 100 Per share.
Cent Tex Exch Nat 500,000 100,792 2,541,682Citizens' Nat Bank 250,000 158,269 1,359,012 100 First National Bank 600,000 184,712 3,694,346 100 First State B Sc T Co 200,000 25,244 944,944 Liberty Nat Bank 300,000 70,320 1,139,417National City Bank 100,000 31,407 415,717 100Provident Nat Bk :10o.nno 223,829 1,654,536 100
8 Sale price. a Capital an I surplus to be increased. k Capital to be 11C1133.3,311. p Amount paid in. z Ex-divtlead. y New StOCIf. t Dec. 201918. 1 Last sale. d Sept 20 1913 n Nov 1 1918. t Juno 29 1918. s Aug. 31 1913. g Including First S. Batik .k Fr. Co. dto.:K. e May 101918. c Oct. 18 1918. r Nov. 17 1916.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
64 BANKS AND TRUST COMPANIES [VOL. 108.
Where Names are Printed in italics Fuller Returns may be Found in the Advertising Columns
UTAH-National banks Dec. 31; State institutions latest returns.
Capital.Surplus& Profits.
GrossDeposits. Par. Bid. A
Ogden- $ $ sCommercial Nat Bk 100,000 220,834 1,819,907 100 First National Bank 150,000 172,171 3,759,423Ogden State Bank_ 100,000 222,173 3,920,307Ping.ree Nat Bank_ 175,000 77,274 3,412,773 100 ____ ... _Utah Nat Bank__Salt Lake City-
150,000 59,998 1,780,816 100 --..„.._ ..,Per Shi
Continental Nat Bk 250,000 113,974 4,270,616 100 180 18Deseret Nat Bank_ 500,000 667,247 5,942,727 100 289 29Deseret Say Bank_ 500.000 448,507 3,881,830 100 210 21McCornick dr CoBic 600,000 286,974 8,682,719 100 240 27Nat Bk of Republic 300,000 359,229 6,613,671 100 250 25National City Bank 250,000 50,223 3,323,271 100 185 17National Copper Bk 300,000 93,962 4,551,442 100 138 14Utah State Nat Bk_ 600,000 n161,300 n6,560,712 100 200 20Utah Say & Tr Co..Walker Bros, B'kers
300,000500,000
68,747 1,381,400195,947 8,729,041
100100
104 1023
Zioias 6 Bk dr Tr Co 500,000 256,120 7,637,346 100 305 301
re.51
2
VBRMONT-National banks Dec. 31; State institutions latest returns.
Barre-Barre 8 Bk & Tr CoGraniteS B & T CoPeople's Nat Bank_Quarry 8 Bk & TCo
VIRGINIA-National banks Dec. 31; State institutions latest returns.
Ly nch bu rg-First National BankLynchburg Nat BkPeople's Nat Bank_LynchburgTr&S BUnited Loan & Tr Co
Norfolk-Bankers Trust Co.._Citizens Bank Marine Bank ___ .Nat Bk of Comm'ceTrustCo of NorfolkNorfolk Nat Bank_ _Seaboard Nat BankVirginia Nat Bank..Petersburg-
Petersburg Say & TrNat Bk of Petersb_Virginia Nat Bank_Richmond-
American Nat BankBank of Corn & Tr_Broad-Street Bank..Broadway Nat Bk.Central Nat Bk ofRChurch Hill Bank....First National BankMech & Merch Bk_Merchants Nat Bk_Nat State & CityBkPlanters Nat Bank._Say Bank of RichmUnion Bk of RichmOld Dominion TrCoRichm Tr & Say CoVirginia Trust Co
WASHINGTON-National banks Dec. 31; State institutions Dec. 31.
Seattle-Bank for Sayings-Canad'n Bk of CornDexte r- I lorton N BkFirst National BankMetropolitan BankNat Bic of Comm'ceNat Cr Bk of SeattPeople's Say Bank..Scand-Amer Bank _Seaboard Nat BankSeattle Nat Bank__State Bk of Seattle..Am Say Bk & Tr CoUnion Nat Bank__Northw Tr & S Bk_Dex-Flort T & S BkGuardian Tr dr Say
Spokane-Bank of Montreal.._Exchange Nat Bk..Fidelity Nat Bank_Old National Bank.Scandinav-Amer BkSpok & East Tr Co..Union Trust Co__Washington Tr Co.
Tacoma-Nat Bk of Tacoma.Puget 8d Bk&Tr CoScandinav-Amer BkFidelity Trust Co ...Tacoma S B&Tr Co
1ommercial Bank_ 100,000 145,000 844,400 100 190 191Ialt-Dollar Say Bk 50,000 113,410 1,243,904 100 227fat Bank of W Va_ 500,000 353,174 4,951,719 100 160Tat Exchange Bank 500,000 559,979 6,007,975 100 200 210luarter Says Bank.. 100,000 56,460 871,700 100 __ _ __ 135louth Side Bank 25,000 133,609 1,137,326 50 200 .._--)ollar Say dr Tr Co 500,000 937,328 7,365,343 100 251 .lecurity Trust Co.. 300,000 263,319 1,812,280 100 168Vheeling Bank &Trust Co 160,000 550,124 3,618,151 100 275
WISCONSIN-National banks Dec. 31; State institutions latest returns.
La Crosse-,
Per I share.lataylan Nat Bank 400,000 203,090 3,333,257 100 ---- - 215:xchange State Bk 25,000 17,192 457,475 100 .Tat Bk of La Crosse 500,000 262,344 4,605,030 100- ....... 210ezscurity Save Bank 30,000 7,614 548,825 100 150tale Bk of La Cr'se 100,000 85,497 1,741,200 100 190
Milwaukee- Per share.ladger State Bank 200,000 34,769 1,417,799 100'irst National Bank 3,000,000 1,689,559 37,313,730 100 180 185Lmer Exch Bank-- 500,000 241,279 4,874,955 100 147 149/farina Nat Bank__ 500,000 886.204 9,231,967 100 245 250larshall & IisleyBk 1,000,000 935,000 17,334,632 100 190 195ler & Manufac Bk 400,000 94,241 2,234,381 100 100 101Tat Bk of Com'rce 300,000 186,117 5,087,367 100 125 130Tat Exchange Bank 500,000 622,171 7,422,780 100 200 210,econd Ward Say B 1,000,000 790,947 25,463,797 100 _- - ..-_ ..-9'est Side Bank__ 200,000 201,979 2,555,814 100 155 165Visconsin Nat Bk. 2.000,000 1,757,732 35,528,307 100 200 2.32'trot Trust Co 300,000 254,914 100 -- - ---- .-Viaconsin Trust Co 500,000 385,667 2,277,219 100 150
WYOMING-National banks Nov. 1.
Cheyenne-Citizens Nat Bank..First National BankStock Growers N BWyom Tr & Bar Bk
* SOn price. c Par of this bank is £50. a Aug. 31 1913. p ThissJune29 1918. r May 1 1917. 1Aug.28 1918. .Apr. 19 1918. n Nov.Sayings Bank stock. d March 5 1917 c May 10 1918. h New stock.
Is capital pald in; authorizer' amount is larger. s Er-dividend1 1918. k Includes one-third of a share In Dexter-Horton Trust &
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
