BANK AND QUOTATIO SECTION OF THE COlYIBIERCIAL & PRANCIAL CHRONICLE. Copyrighted in 1922, according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C. VOL. 114. NEW YORK, JUNE 3 1922. NO. 2971. BANK AND QUOTATION SECTION The Bank and Quotation Section, issued monthly, is furnished without afro charge to every subscriber of the Chronicle. The Railway and Industrial Section, issued twice a year on the last Saturday in May and November, 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 April and October, Is also furnished without extra charge to every annual subscriber to the Chronicle. The State and City Section, issued semi-annually on the last Saturday of June and December, is likewise furnished without extra charge to every annual subscriber to 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 also furnished without extra charge to Chronicle subscribers. Terms for the Chronicle, including the six supplements above named, areVren Dollars per annum within the United States, Thirteen Dollars and Fifty Cents (which includes postage) in Europe, and $11 50 in Canada. File covers for the Chronicle are sold at $1 00 each (which includes postage). File covers for Supplements can be had at same price. CHICAGO OFFICE -19 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. REVIEW OF MAY. Business continued its upward climb during May, notwithstanding that some of the larger develop- ments were not altogether favorable and notwith- standing also that the adverse features existing the previous month continued in operation, niore par- ticularly the stoppage of work at the union coal mines throughout the country, in both the anthra- cite and the bituminous coal regions, and the strike in a large section of the New England cotton mills. Confidence that recovery from the extreme industrial depression of 1921 would continue kept steadily growing and evidence that the belief rested upon sub- stantial grounds came from many directions and from many different quarters. Great activity was maintained in building operations, the automobile trade reported a large and excellent demand for cars under which the output for certain makes of cars ex- ceeded the best previous records, and the railroads gave orders for cars and other necessaries with greater freedom than :or a long time past. Under the stimulus of all this, business in the iron and steel trades continued to improve despite the serious han- dicap of the coal strike, which curtailed supplies of fuel. Of the larger new happenings of the month the ter- mination of the Economic Conference et Genoa with- out having accomplished any of the objects for which it was called and the pronouncement of the Inter- state Commerce Commission at Washington in favor of a horizontal cut of 10% in freight rates on tile rail- roads of the United States, followed by orders of the Railroad Labor Board at Chicago which will have the effect of slightly lowering wages of certain classes of railroad labor, easily take precedence. The Genoa Economic Conference of the nations ended its labors when it became apparent that it was hopeless to attempt to reconcile the divergent views of Eng- land and France regarding the treatment of Russia. And Russia, rather than Germany, proved the real stumbling block in the way of an agreement among the nations for the financial and economic rehabilita- tion and reconstruction of Europe. As far as Ger- many was concerned, there was complete yielding to the insistence of the French that the deliberations of the Conference must be confined absolutely to the agenda laid down at Cannes and that the subject of German reparations must not be taken up at all, nor political controversies growing out of the Treaty of Versailles, though candor compels the statement that these reparations payments and the burdens they in- volved kept obtruding at every point of the discus- sions, making it plain that nolens volens there was an intimate relation between them and any scheme for the economic rehabilitation of the fallen States of Europe. Tacitly, however, there was observance of the French injunction that these were debarred mat- ters. The attitude of the Russian Soviets was hope- less and impossible. They wanted financial assist- ance of a large kind—from $1,000,000,000 to $2,000,- 000,000, and they wanted recognition of the Govern- ment of Lenin and Trotzky and yet they were unwill- ing to give any guarantee that the sanctity of con- tract in the ordinary sense would be respected or af- ford assurance of the observance of property rights or agree to provide for the past debt of Russia. While Mr. Lloyd George was prepared to go further than Premier Pointare in placating the Russian Soviets, the Russian demands were really so preposterous that in the end it became apparent that they fur- nished no tenable basis for acceptance on the part of any nation. This was apparent even to the British Prime Minister, and hence it was that he sought to save the day and the situation by arranging for hold- ing of another conference, this time at The Hague, for exclusively dealing with Russian affairs, the Con- ference to be held in June. To the French it ap- peared that even this would be a waste of time, so hopeless seemed the chance of reaching an agreement with the Russian Soviets by reason of their preposter- ous stand, and the French Premier gave only very reluctant assent to the suggestion and not in the very best grate. When the idea of a new conference at The Hague thus limited in scope was first broached another at- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript
BANK AND QUOTATIOSECTION
OF THE
COlYIBIERCIAL & PRANCIAL CHRONICLE.Copyrighted in 1922, according to Act of Congress, by WILL
IAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.
VOL. 114. NEW YORK, JUNE 3 1922. NO. 2971.
BANK AND QUOTATION SECTIONThe Bank and Quotation Section, issued monthly, is furnished
without
afro charge to every subscriber of the Chronicle.
The Railway and Industrial Section, issued twice a year on the last
Saturday in May and November, 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 April and October,
Is also furnished without extra charge to every annual subscriber to the
Chronicle.The State and City Section, issued semi-annually on
the last Saturday
of June and December, is likewise furnished without extra charge to every
annual subscriber to 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 also furnished without extra charge to Chronicle subscribers.
Terms for the Chronicle, including the six supplements above named,
areVren Dollars per annum within the United States, Thirteen Dollars and
Fifty Cents (which includes postage) in Europe, and $11 50 in Canada.
File covers for the Chronicle are sold at $1 00 each (which includes
postage). File covers for Supplements can be had at same price.
CHICAGO OFFICE-19 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.
REVIEW OF MAY.
Business continued its upward climb during May,
notwithstanding that some of the larger develop-
ments were not altogether favorable and notwith-
standing also that the adverse features existing the
previous month continued in operation, niore par-
ticularly the stoppage of work at the union coal
mines throughout the country, in both the anthra-
cite and the bituminous coal regions, and the strike
in a large section of the New England cotton mills.
Confidence that recovery from the extreme industrial
depression of 1921 would continue kept steadily
growing and evidence that the belief rested upon sub-
stantial grounds came from many directions and
from many different quarters. Great activity wasmaintained in building operations, the automobiletrade reported a large and excellent demand for carsunder which the output for certain makes of cars ex-ceeded the best previous records, and the railroads
gave orders for cars and other necessaries withgreater freedom than :or a long time past. Under
the stimulus of all this, business in the iron and steeltrades continued to improve despite the serious han-
dicap of the coal strike, which curtailed supplies of
fuel.Of the larger new happenings of the month the ter-
mination of the Economic Conference et Genoa with-
out having accomplished any of the objects for which
it was called and the pronouncement of the Inter-
state Commerce Commission at Washington in favor
of a horizontal cut of 10% in freight rates on tile rail-
roads of the United States, followed by orders of the
Railroad Labor Board at Chicago which will have
the effect of slightly lowering wages of certain
classes of railroad labor, easily take precedence. The
Genoa Economic Conference of the nations ended its
labors when it became apparent that it was hopeless
to attempt to reconcile the divergent views of Eng-
land and France regarding the treatment of Russia.
And Russia, rather than Germany, proved the real
stumbling block in the way of an agreement among
the nations for the financial and economic rehabilita-
tion and reconstruction of Europe. As far as Ger-
many was concerned, there was complete yielding to
the insistence of the French that the deliberations of
the Conference must be confined absolutely to the
agenda laid down at Cannes and that the subject of
German reparations must not be taken up at all, nor
political controversies growing out of the Treaty of
Versailles, though candor compels the statement that
these reparations payments and the burdens they in-
volved kept obtruding at every point of the discus-
sions, making it plain that nolens volens there was an
intimate relation between them and any scheme for
the economic rehabilitation of the fallen States of
Europe. Tacitly, however, there was observance of
the French injunction that these were debarred mat-
ters. The attitude of the Russian Soviets was hope-
less and impossible. They wanted financial assist-
ance of a large kind—from $1,000,000,000 to $2,000,-
000,000, and they wanted recognition of the Govern-
ment of Lenin and Trotzky and yet they were unwill-
ing to give any guarantee that the sanctity of con-
tract in the ordinary sense would be respected or af-
ford assurance of the observance of property rights
or agree to provide for the past debt of Russia. While
Mr. Lloyd George was prepared to go further than
Premier Pointare in placating the Russian Soviets,
the Russian demands were really so preposterous
that in the end it became apparent that they fur-
nished no tenable basis for acceptance on the part of
any nation. This was apparent even to the British
Prime Minister, and hence it was that he sought to
save the day and the situation by arranging for hold-
ing of another conference, this time at The Hague,
for exclusively dealing with Russian affairs, the Con-
ference to be held in June. To the French it ap-
peared that even this would be a waste of time, so
hopeless seemed the chance of reaching an agreement
with the Russian Soviets by reason of their preposter-
ous stand, and the French Premier gave only very
reluctant assent to the suggestion and not in the very
best grate.When the idea of a new conference at The Hague
thus limited in scope was first broached another at-
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10 MONTHLY REVIEW [VOL. 114.
tempt to get the United States to take part was made—so essential was the American participation in anyscheme of European reconstruction deemed. The at-tempt failed, as had the previous endeavor to get theUnited States to join in the work of the Genoa Con-ference—and for the same reason, namely the in-ability to separate political questions with whichAmerica has no concern from purely economic ques-tions.The announcement that the Interstate Commerce
Commission at Washington had reached findingsproviding for a horizontal reduction in freight ratesof 10% on the railroads of the United States came onWednesday, May 24. Intimation of its coming, how-ever, or rather of some reduction, were given at adinner conference at the White House the previousSaturday (May 20), to which President Harding hadinvited a number of the leading railroad executives.At this conference the President stated that, accord-ing to his best information, a decision in favor oflower transportation rates had been reached, and heargued that in his view it would be better all aroundif the railroad executives could agree among them-selves upon a very substantial reduction in the rateson certain basic commodities instead of having a gen-eral reduction all around. Discussion, however, re-vealed doubts that such an arrangement was eitherpossible or expedient, except after long delay, whichdelay would defeat the object of the arrangement,which was to provide a lower basis of transportationcharges in the immediate future to promote traderecovery. A committee was appointed to discussthe subject with the Commerce Commission and co-operate with it in carrying out any plan it mighthave in mind. Among the railroad executives them-selves, the consensus of opinion was that the bestcourse would be to let the Commission proceed un-hindered with its own arrangements, and if a reduc-tion was to come anyway the sooner it was pot intoeffect the better. After the announcement the mid-dle of the next week of the Commission's findingsnothing remained for the Committee of Executivesto do except to discuss technical matters connectedwith the new rate schedules to be put into effect andto decide definitely whether the findings should beaccepted or should be opposed. The Commission,while making known its conclusions, did not embodythem in a definite order to that effect. Instead, thecarriers were asked to advise the Commission"promptly, and not later than May 31 1922 if pos-sible, whether the findings herein will be carried intoeffect without formal order or orders." At a meet-ing of the Executives of the Eastern roads on May 29it was decided to accept the Commission's rate reduc-tions, but to lodge formal protest against the Com-mission's finding that 534% per annum constitutesa fair return on the value of the property invested inthe rail carrying business; the Southeastern-roads, inturn, at a meeting at Washington on May 30 decidednot to require the issuance of a formal order by theCommission. Nor were the Western roads slowto fall in line. The 10% rate decrease was expectedto involve a loss in freight revenues by the railroadsof the country in amount of about $400,000,000.The findings of the Commission did not provide
for any changes in passenger rates and the 10% hori-zontal reduction in freight rates is not to apply inthe case of agricultural products or other commodi-
ties where a decrease of 10% or over is already ineffect as a result either of orders of the CommerceCommission or the voluntary action of the carriersthemselves. For instance, in the case of grain, grainproducts and hay in Western territory, the Commis-sion late in 1921 ordered a freight rate reduction of161/2% which went into effect the 1st of January1922; that reduction is to stand without any change,the 10% horizontal cut not affecting it in any way.The Commission took as a basis the rates in effect im-mediately prior to Aug. 26 1920, when a large ad-vance in tariffs was made, varying according to ter-ritorial schedules, and applied the proposed 10%horizontal cut to the higher rates then put in force.For example, where the increase had been 40%, mak-ing 140% of the old rates, 10% of the 140% (or 14%)is now cut off, leaving the rates now to be put intoeffect 126% of those in force prior to Aug. 26 1920.Accordingly, the Commission decided that after July1 (when the schedule of rates now proposed is to bein force) it would hold unreasonable rates "includ-ing more than the following percentages of increaseover the rates in effect immediately prior to Aug. 261920," the territorial schedules being as follows:In the Eastern group, also between points in Illinois terri-
tory and between Illinois territory and the Eastern group,26% instead of the 40% authorized in the decisions lastcited.In the Western group, and between the Western group and
Illinois territory, 21.5% instead of 35% so authorized.In the Southern and Mountain-Pacific groups, 12.5% in-
stead of the 25% so authorized.On inter-territorial traffic, except as otherwise provided
herein, 20% instead of the 33 1-3% so authorized.
Along with its decision as to freight rates, theCommission, as already indicated, also announcedits determination of 534% as the fair annual returnto which the carriers should be entitled in the futureon their investment in the transportation business.This compares with 6%, the return level for the twoyears expiring March 1 1922.As to the action of the Railroad Labor Board in
reducing wages, the Board in an order dated May 25and made public Monday, May 29, promulgated newwage schedules involving a cut of 5 cents per hourin the case of maintenance of way employees and rail-way shop laborers to the number of about 400,000.The decreases are to become effective July 1 1922 andwill involve a reduction in the railroad payrolls ofthe carriers of about $48,000,000 per annum. Reduc-tions in the wages of other classes of railroad em-ployees were also momentarily looked for. These,with the general wage reduction averaging 12%made on July 1 1921, and involving approximately$400,000,000 per year, are expected to bring the rail-road wage level back to the basis prevailing beforethe $600,000,000 increase per annum promulgated inJuly 1920.We have referred above to the continued increase
in the iron and steel business in face of the strike atthe unionized coal mines. The United States SteelCorporation put several additional iron furnaces inblast and also resumed work at its Mingo and Far-rell steel plants. These latter make sheet bars, thesupply of which was insufficient. The "Iron Age"on May 25 estimated that the Steel Corporation wasengaged to 75% of its capacity in making steel in-gots, besides which there was also an increase in thesteel output by several outside companies. Indeed,the "Iron Age" in its report for May 18 remarked that
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JUNE, 1922]. MONTHLY REVIEW 11
the independent companies were operating on a scale
suggesting that there was no fuel scarcity, though
there was complaint of high fuel prices, "from $3 25
to $4 being asked now, against $1 50 at the beginning
of the strike." At the instance of Secretary of Com-
merce Hoover fifty non-union coal operators at a
meeting in Washington on May 18 reached an agree-
ment to prevent profiteering in coal. The non-union
bituminous mines are producing between 4,000,000
and 5,000,000 tons of coal a week, as compared with
7,000,000 tons to 8,000,0000 tons, the product in the
corresponding period of last year with both union
and non-union mines working, and this put it in the
power of unscrupulous mine owners to take advan-
tage of the necessities of consumers. It was stated
that the plan proposed by Mr. Hoover "puts the bur-
den of price regulation and prevention of profiteer-
ing squarely up to the operators and would. result in
a virtual allocation of orders by the operators work-
ing in connection with Government officials." After
the conference, Mr. Hoover said that he was not cer-
tain that the plan adopted would prove successful orthat the fifty operators with whom he had discussed
the matter could influence the total of 1,500 minesnow producing coal, but inasmuch as these fifty op-erators controlled about 50% of the output of all thenon-union mines, he thought the effort was justified.Both iron and steel prices further advanced during
the month, but after the movement to prevent profit-eering in coal consumers withdrew from the iron
market and prices reacted by 50 cents to $1 a ton.
The "Iron Age" stated that automobile plants were
crowding for bar deliveries, their stocks in some sizes
being down to a few days' supply and that in theWest, in view of the larger call for hard bars foragricultural implements, one mill that had been idlefor nearly 18 months was about to start up. Withreference to the active demand for bars, the "IronAge" under date of May 25 said :Bars are in greater demand than at any time since the spring of 1920. On
new business 1.00c. is minimum, and some independent mills ask 1.70c. Aconservative price level is indicated for Steel Corporation products when
books are opened for the third quarter and last half. Sheets-are expected to
be but slightly above to-day's level, and the present base of $4 75 per box for
tin plate is predicted.
One of the events of the month was a dinner confer-ence at the White House on the evening of May 18 onthe invitation of President Harding of forty-one lead-ers in the steel industry to consider whether it wouldnot be practicable to abolish the 12-hour work day.The meeting was attended by Secretaries Mellon,Hoover and Davis. According to a statement givenout by the President's private Secretary, GeorgeChristian, the President "explained frankly that therewas no intention of Government interference in pri-vate business, but that we are about to witness agreat industrial revival and the one hope of abolish-ing the excessively long working day was to do itbefore the full swing was resumed." A resolutionwas unanimously adopted at the dinner authorizingthe President of the American Steel & Iron Institute
to name a committee of five steel men to investigate
the matter and report to the industry.Another development affecting the steel trade was
formal announcement on May 11 that agreement had
been reached for the acquisition of the Lackawanna
Steel Corporation by the Bethlehem Steel Corpora-
tion. It appeared at the same time that plans were
under way for the merger of other independ-
ent steel concerns. Several conferences were re-
ported as held at the office of Kuhn, Loeb & Co.by officials of the steel companies in what came to betermed "the six company merger," including the Mid-vale Steel & Ordnance, the Republic Iron & Steel, theSteel & Tube Co. of America, the Youngstown Sheet& Tube Co., the Brier Hill Steel Co. and the InlandSteel Co. The Youngstown Sheet & Tube Co. later de-cided to drop out of the proposed combination. Thesemerger plans aroused hostility in Congress and theU. S. Senate adopted a resolution asking the Attor-ney-General and the Trade Commission for informa-tion regarding the matter. On May 24 dispatchesfrom Washington stated that representatives of thefive companies considering the merger were under-stood to have advised Attorney-General Daughertythat the projected combination would not be consum-mated until the Department of Justice had been fullyadvised.
All accounts agreed concerning the revival of theautomobile trade and noted a great increase in themake of cars—some companies surpassing their verylargest previous output—and evidence of a growing--demand was furnished in advances in prices in a few-instances, this reversing the experience of the last twayears in which the record has been one of continueddecline. Earl Motors raised the price of its touringcar $100, to $1,095, and the Lincoln Motor Companyincreased the price on open cars from $3,300 to $3,-800. On the other hand, the price of rubber contin-
ued weak and the Seiberling Rubber Company an-nounced a cut of 121/2% in the price of tires, effectiveimmediately.
Besides the advances in iron and steel productsseveral other metals also moved to a higher level.Thus the American Smelting &Refining Co. advancedthe price of lead by successive steps from 5.25c. to•5.65c., while the price of copper rose a full cent apound, and according to reports, a substantial ton-nage of copper for June domestic shipment was dis-posed of at 14c. a pound. Earlier in the month therewere also several further advances in gasoline pricesbesides those announced in April and previousmonths.In the New England textile strike the situation in
Rhode Island in the 19th week of the strike was thatabout 50% of the mills were open and were averagingoperations to about 33 1-3% of capacity. The opera-tives were reported steadily returning to work sinceinjunctions against picketing had been obtained. InNew Hampshire three textile companies whose millshave been closed since February by strikes notifiedGovernor Brown on May 31 that they would reopentheir plants in whole or part on Monday, June 5.Wages and working hours, the letters to the Gover-nor said, would be the same as announced Feb. 2—a20% wage reduction and 54-hour week. The Amos-keag Manufacturing Company of Manchester in-formed the Governor that it would reopen the Cool-idge mill, one of its large departments. The Nashuaand Jackson mills of the Nashua ManufacturingCompany are to resume partial operation, their own-ers said. The Pacific Mill at Dover also is to beopened. The companies told Governor Brown theiraction was in consideration of his promise to safe-guard workers and property should violence be at-tempted by strike sympathizers. In Mass.,the mill of the Hamilton Manufactaring Companyreopened with a 20% cut and was reported operatingfull in the cloth department. At Lawrence, Mass.,
the situation remained unchanged, none of the bigmills contemplating opening. The Patchogue Plym-
outh offered a compromise on a 9% wage cut, 5% totake immediate effect and 4% additional in Septem-
ber, provided business did not improve, but that mill
employs only about 400 hands and manufactures
fibre rugs, the product being totally unlike that of
other mills in that city.Prices of textiles were aided by the advances in the
raw materials, cotton and wool. In cotton, under ad-
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12 MONTHLY REVIEW [VoL. 114.
verse weather conditions in the South, with plant-ing of the new crop several weeks late and accumu-lated stocks of cotton steadily diminishing, middlingupland spot cotton in New York rose from 18.35c.April 29 and 18.95c. May 1 to 21.8c. May 22, with theclose May 31 21.20c. Print cloths at Fall River weremarked up May 2 from 6V8c. to 63/4c. The AmericanWoolen Company twice raised its prices on stapleand fancy worsted fabrics and also made further ad-vances in woolens. The company stated that thenew prices only partially represbnted the real in-crease in wool values.
• In the grain markets there was a sharp rise inwheat the early part of the month, with indicationsof a possible corner in May contracts, but this led toa rush of supplies to Chicago from all quarters, sothat elevator capacity was exhausted, and the latterpart of the month, instead of a corner, prices col-lapsed. The May option for wheat in Chicago movedup from $1 40 May 1 to $1 46 May 3, then declined to$1 341/2 May 8, then jumped to $1 471/2 May 17, afterwhich there was an almost continuous decline, withthe price May 31 down to only $1 16. The July wheatoption sold at $1 291/4 May 3 and at $1 17 May 31.The May option for corn at Chicago fluctuated be-tween 631/4c. May 4 and 59%c. May 31, and the Julyoption between 661/2c May 3 and 611/8c. May 31. Oatswere also lower, the extremes for the May option be-ing 38%c. May 16 and 351/2c. May 31, and for the Julyoption 40%c. May 3 and 37%c. May 31.,The price of sugar rose to substantially higher lev-
els. At the beginning of the month the Arbuckle re-finery quoted refined sugar at 5.25c., the Federal at5.30c., while the American Sugar Co., the Warnerand the National made th,,. quotation 5.40c., a reduc-tion of 2% for cash being allowed in all cases. Atthe close of the month all these different refinerieswere up to 5.70c. less 2% for cash except the Federal,whose price was 5.50c. less 2% for cash. Raw sugarranged between 2 7-16c. and 23/8c. the early part ofthe month, but was up to 2 11-16c. at the close.
Offerings of new securities were again conspicuousduring May. The largest single offering of the monthwas an issue of $75,000,000 10-20-year Federal LandBank 41/2% bonds by a syndicate of bankers com-posed of Alex Brown & Sons, Brown Bros. & Co.,the National City Co., Harris, Forbes & Co., Lee,Higginson & Co. and the Guaranty Co. of New York.These bonds were offered at 100 and interest, to yield41/2%. The syndicate not only quickly disposed ofthe whole amount to investors, but also an additional$42,000,000, making $117,000,000 altogether publiclyplaced. The proceeds of the $42,000,000, however,were to retire 5% bonds held by the U. S. Treasury.Lee, Higginson & Co. brought out $20,000,000 ShellUnion Oil Corp. 6% cumulative preferred stock, se-ries "A" at 96 and dividend, yielding about 61/4%.$22,500,000 1st M. 25-year 7% bonds of the Virginia-Carolina Chemical Company were offered by Blair &Co., Inc., Hallgarten & co., and the Equitable TrustCo. at 983/4 and interest, to yield approximately7.12%. A banking syndicate brought out $12,500,000Commonwealth Power Corporation 25-year 6% se-cured bonds at 90 and interest, to yield about 6.85%.E. H. Rollins & Sons headed a syndicate which of-fered $12,471,000 Utah Light & Traction 1st and ref.mortgage 5% bonds, series "A," at 91 and interest,yielding over 5.70%. Bankers sold $10,000,000 UnionOil Company of California 20-year non-callable 6%bonds at 101 and interest, to yield over 5.90%. Dil-lon, Read & Co. disposed of £2,000,000 (part of anissue of £9,000,000) United States of Brazil 71/2%Coffee Security Loan of 1922 at 97 and interest.$8,500,000 Remington Mats Co. 1st M.6% bonds, se-ries "A," were quickly sold by Lee, Higginson & Co.at 95 and interest, yielding over 61/2%. A bankinggroup acquired from the Equitable Life Assurance So-ciety and the Mutual Life Insurance Co. 40,994 sharesof the capital stock of the National Bank of Commerce
in New York and offered them to investors at $267per share, yielding on the basis of last year's divi-dends about 6%. Drexel & Co., Brown Bros. & Co.and Harris, Forbes & Co. sold $7,500,000 Philadel-phia Electric Co. first lien and refunding mortgagebonds, 51/2% series due 1947, at 991/2 and interest,yielding nearly 5.53%. Drexel & Co. and Halsey,Stuart & Co., Inc., brought out $7,000,000 NorthernIndiana Gas & Electric Co. first lien and refundingmortgage 6% bonds at 95 and interest, yielding about63/ %. $6,932,000 St. Louis-San Francisco RailwayCo. prior lien mortgage 51/2% bonds, series D, weresold by New York bankers at 95 and interest, toyield about 5.95% . The Guaranty Company of NewYork and the National City Company announced thesale of $6,000,000 Brooklyn Union Gas Co. first lienand refunding mortgage bonds, series "A," at 105 andinterest, yielding 5%%. $5,000,000 United Steam-ship Company, Ltd., of Copenhagen, 15-year 6%bonds were offered by Brown Bros. & Co. and Lee,Higginson & Co. at 951/4 and interest, to yield 6.50%.The Bankers Trust Company headed a syndicatewhich brought out $5,000,000 The Francisco SugarCo. first mortgage 20-year 71/2% bonds, at 100 andinterest. Bankers offered at 91 and interest, to yieldabout 6.60%, $5,000,000 Utah Power & Light Co. 6%debenture bonds, series "A." A syndicate headed byJ. P. Morgan & Co. disposed of $35,000,000 firstmortgage 30-year 5% bonds, series "A" of the NewEngland Tel. & Tel. Co. at 971/2 and interest, to yieldabout 5.15%. $25,000,000 Pacific Tel. & Tel. Co. re-funding mortgage 5% bonds, series "A," were quicklysold by a banking syndicate headed by J. P. Morgan& Co. at 94 and interest, to yield over 5.40%. Lee,Higginson & Co., National City Co. and Aldred & Co.disposed of $6,500,000 first mortgage 20-year 6%Union Bag & Paper Corp. bonds, series "A," at 971/2and interest, yielding over 6.20%. There were alsoextensive offerings of State and city bonds.As to dividend changes, the General Development
Co. resumed dividend payments. The last previousdistribution on this stock was in August 1920. TheNeild Mfg. Co. declared 3% extra in addition to theregular 2% quarterly. The Package Machinery Co.,in addition to the regular quarterly dividend of 50cents per share on common, paid $3 per share extra.The Federal Mining & Smelting Co. increased thequarterly dividend on preferred from 1% to 11/4%.The Great Atlantic & Pacific Tea Co. raised thequarterly dividend on common from 25 cents to 50cents per share. The quarterly dividend on Comput-ing-Tabulating-Recording Co. was increased from $1to $1 50 per share. The Mathieson Alkali Works re-sumed dividends on preferred. North American Co.declared a cash dividend of 21/2% on common. Theprevious quarter 11/2% had been paid in cash and 1%in preferred. Quaker Oats Company resumed pay-ment of dividends on common. The HamiltonManufacturing Company omitted the quarterlydividend on its stock. The s.-a. dividend on Swift In-ternational Corp. stock was reduced from $1 20 to 90cents per share. The 21/2% s.-a. on Bush Terminalcommon was paid, but the usual stock dividend wasomitted. Illinois Pipe Line reduced its s.-a. dividendfrom 8% to 6%.The stock market continued its upward course and
further new high levels for the year were establishedthroughout the list. In the first half of the month,however, a downward reaction occurred and for atime recessions in prices appeared to be the order ofthe day. Apparently there were heavy and very ex-tensive sales to realize profits after the long contin-ued rise and professional traders were evidentlybearish and helped the movement downward. Thevolume of business declined and the railroad stocksin particular showed absence of strength with the ex-ception of one or two specialties, more prticularlyNew Haven stock, which enjoyed a new spurt upwardon an improving outlook for the property by reason
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JUNE, 1922.] MONTHLY REVIEW 13
of better returns of net earnings and a less hostileattitude against the company on the part of the De-partment of Justice at Washington in the litigationin which the company has been involved so long. Thedrop in the general market seemed to repel buyingand transactions on the Exchange, which had beenrunning well above a million shares a day, began todwindle until on Wednesday, May 10, the aggregateof the dealings was roughly only about 775,000 sharesand it really began to look as if the bull movementhad actually culminated—at least for the timebeing.But the publication on the same day, May 10, of
the monthly statement of unfilled orders on the booksof the subsidiary companies of the U. S. Steel Cor-poration, showing an increase during April of 602,-769 tons in the accumulated business of this, the larg-est.of the steel concerns, with a total of unfilled or-ders larger than at any time since June 1921 in faceof the coal strike at the union mines, furnished newtestimony to the revival in trade and exerted a quick-ening and strengthening effect on Stock Exchangebusiness. Then came the announcement that theBethlehem Steel Corporation had arranged to ac-quire the Lackawanna Steel Corporation and thatplans were also under way, as already noted, for themerger of several other of the so-called independentsteel concerns. Under the spur of this news the steelshares all began to show great activity and many ofthem made spectacular advances in prices. The oilstocks, which had experienced sharp reactions, alsoagain came to the front and resumed their upwardflight. The automobile group of stocks joined in theprocession on multiplying evidences of a growing de-mand for cars—out of which also there was develop-ing a gradually widening call for automobile acces-sories, thereby helping the stocks of all the concernsengaged in that class of work. Then, too, the copperproperties displayed more strength than for a longtime past owing to the substantial advance in theprice of the metal, copper. The sugar stocks werenot particularly active, but the increase in the priceof refined sugar was of benefit to all the refiningcompanies and the course of these shares reflectedthe fact in an upward trend. Many inactive stocksalso became prominent in the trading and in thesevery little buying sufficed to bring about sharp ad-vances. Altogether it became evident that the mar-ket was having a new accession of confidence andthat the bull movement instead of being near thepoint of collapse was acquiring further momentum.The volume of dealings expanded in such degree thaton several days the aggregate of transactions ranabove 1,500,000 shares. The railroad list partici-pated in the rise and on occasions led the movement,though advances here, as a rule, were much moremoderate and conservative than in the industriallist, as has been the case all through the year. Ex-ceptions to this remark are found in the case of rail-road shares like the New Haven, which moved stillhigher the last half of the month, and stocks ordi-narily inactive like Rutland preferred and NickelPlate common, where the gains reached large propor-tions. The local traction properties likewise gave agood account of themselves in the forward march onthe improving outlool for these properties. The an-nouncement of a 10% cut in freight rates on the rail-roads of the United States to become effective July1 had no decided influence upon prices, one way orthe.other, but seemed to retard trading in the rail-road list for a day or two. When the announcementwas followed by news that the Railroad Labor Boardhad ordered cuts in the wages of certain classes ofemployees a feeling developed that perhaps the rail-roads were not going to fare so badly after all. TheU. S. Supreme Court decision on Monday, May 29,saying that it was a violation of the anti-trust lawfor Southern Pacific to retain control of the CentralPacific caused a break in Southern Pacific stock on
May 31. One incident growing out of the decisionwas a jump in the Southern Pacific gold 4s, 1949, se-cured by Central Pacific stock as collateral. Thesebonds had risen from 78 in January to 83% in Mayand now bounded up to 941/2. They closed May 31 at891/2. On May 31 the general market showed moreor less irregularity because of developments affect-ing special properties. Southern Pacific shares felloff for the reason already mentioned. Reading com-mon sold down several points and the 1st and 2ndpreferred stocks advanced several points on the U. S.Supreme Court decision giving the preferred share-holders equal rights with the common stockholdersin the coal segregation plan, and the market was alsoconfused over the announcement o2 the merger of theUnited Retail Stores with the Tobacco Products Cor-poration, the stock of the latter advancing while thatof the former declined.
VOLUME OF BUSINESS ON THE STOCK EXCHANGE.Month of May— 1922. 1921. 1920. 1919.
Stock sales—Number of shares_ 28,921,124 17,236,995 16,642,242 34,413,553Par value $2,532,995,600 $1,218,686,980 $1,436,029,950 $3.215,472,425
Bond sales (par val.)— •RR. & misc. bds $188,185,000 $79,649,100 $49,634.500 S73,617,000U.S. Govt. bonds_ 139,494,425 127,776,450 298,999,800 196.238.300State, municipal &
Total bond sales. .$1,985,479,975 $1,231,034,750 $1,696,667.500 $1,361.703,500
In the money market the ease became still morepronounced. This applies both to long date fundsand to money on call. The activity on the Stock Ex-change and the large new loan flotations by railroadand industrial corporations and on behalf of munici-palities and foreign Governments occasioned an aug-mented demand for accommodation at the banks, andthis caused occasional temporary spurts in call loanrates notwithstanding that the trend continued to-wards lower figures. The call loan rate, however,never got above 5% during the month and most ofthe time was as low as 31/2% and on one day, namelyMay 19, got down to 3%. Outside the Stock Ex-change rumor had it that money could be obtained ateven better figures than on the Exchange. The re-newal rate on the Stock Exchange was 4% May 1 and2; 41/2% May 3 and 4; 41/4 May 5, then 4% up to andincluding May 10; 41/4% May 11; 33/4% May 12 toMay 15, inclusive; 31/2% May 16 to May 22, inclu-sive; 4% May 23 to May 25; 31/2% May 26; then 4%for the rest of the month. For fixed date maturitiesquotations got down to 4% for 60 days and 4@41/4%for 90 days to 6 months, as against 41/4% for all pe-riods from 60 days to 6 months at the end of April.These are quotations for ordinary mixed collateral;where the collateral consisted of exclusively indus-trial security the rate was 1/4 of 1% higher as a rule.Commercial paper rates were also fractionally lower,with quotations down to 41/4% for 60 and 90 daysendorsed bills receivable and 6 months names ofchoice character, and names not so well knownquoted at 41/2%. The Secretary of the Treasury onMay 25 announced a new offering of Treasury certifi-cates of indebtedness to the amount of about $200,-
RATES FOR MONEY AT NEW YORK, WEEKLY.
Week ending— May 5. May 12. May 19.Call Loans on Stock Exchange—Range for wee (mbredicollateral) 1/ 354-5 3%-4% 3-33iWeek's average (mixedicollateral) 4% 4 3%Range for week (all-industrial collateral)._ _ .3%-5 3344 3.6 - 3-334Week's averagea(all-industrial collateral)._ 4% 4 3%
Double names—Cholce 60 to 90 days 454434 4 ,‘ 44Single names—Prime 4 to 6 months 434434 4;i 4%
—Good 4 to 8 months 434-454 4% 434
May 28.
334-53%
331.83%
4-43(443444)(4-4544-434
4-43443(43443(43443(434434-06
oi43-4434
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14 ' 11 MONTHLY REVIEW [Vox. 114.
000,000 to bear date June 1 1922 and be due Dec. 151922 and to carry the same rate of interest as theissue made in April, namely only 31/2%.
Sterling exchange in face of the disappointingresults of the Genoa Conference reached a new highon the current movement, bankers sight bills on May10 being quoted at $4 45. Though there was a frac-tional decline from this figure the advance was wellmaintained, the close on May 31 being at $444 11-16@$4 44%. The persistent strength of sterling, despiteunsettling developments, was ascribed to the im-provement in Great Britain's economic and financialposition and to the fact that offerings of commercialbills have been extremely light. The flow of gold tothis centre continued, but on a greatly restricted scale.A feature of the month was several announcementsof gold withdrawals, notably for shipment to India.
Continental exchange presented a marked contrastto the strength of sterling and sustained heavy lossesin many cases on the growing dissension betweenGreat Britain and France at the Genoa Conference.Later the actual decision to wind up the Conferencefurther served to depress rates. Substantial recoveryoccurred the latter part of the month on light offeringsof bills coupled with a tendency to ignore adversedevelopments. Bankers' checks on Paris brokesharply from 9.22c. May 1 to 8.97c. May 8, butTallied to 9.17c. May 10; renewed decline then set inwhich brought the quotation down to 8.94%c. May22, but by the close, May 31, the rate had recoveredto 9.123/2c. Italian lire, while displaying a decliningtendency early in the month, moved up sharply atthe close. After being quoted at 5.363/2c. May 5-sight bills on Rome fell off to 5.05c. May 19, but on
May 25 were back to 5.32c. and closed May 31 at5.203/[email protected]%c. As a result of measures taken bythe Greek Government and private authorities toeffect the stabilization of Greek exchange the drachmathe latter part of May remained practically "pegged"at about 4.24c. up to the very close when a sharpslump occurred. Rumor had it that the bankingconsortium, which it was understood had arrangedto peg exchange at 4.50c., did not have sufficientfunds at its disposal to maintain the quotation atthat level and consequently was obliged to let therate drop. At all events, from 4.45c. May 1 therate moved down to 4.10c. May 12 but with sub-sequent recovery to 4.25c.; the close May 31,however, was at 4.11c. The German reichsmarkfluctuated within rather narrow limits; from 00.3534c.May 1 the quotation eased off to 00.31c. May 22;an upward reaction followed, which brought thequotation to 00.35%c. May 25, while the close May31 was at 00.35%@00.36%c. The Austrian crowncontinued to move nearer to the vanishing point,the quotation on May 31 being down to 00.0095c.,as against a parity of 20.26c. On May 1 the Austriancrown was worth 00.0125c.Exchange on the former neutral centres was less
responsive to the developments at Genoa. Thegeneral tendency was toward higher levels. Thefeature was the rise in Dutch guilders, establishing anew record for the current movement. After sellingat 38.20c. May 1 the rate steadily advanced andMay 27 was 38.95c. On May 31 the close [email protected]. The improvement was attributed tothe placing here of the recent Dutch loan. The Swissfranc, on the other hand, fell from 19.38c. May 1 to
RATES OF EXCHANGE ON CONTINENTAL CENTRES.NOTE.-Method of quoting French, Swiss and Belgian francs and Italian lire changed on Dec. / 1920 to show the value of all these different units in
cents per unit. The previous method of quoting was to give the number of francs or lire to the dollar.
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JUNE, 1922.] MONTHLY REVIEW 15
19.03c. May 20, though it closed at [email protected] May 31. The Scandinavian exchanges fluctuatedirregularly within narrow limits. Checks on Copen-hagen after moving up from 21.14c. May 1 to 21.84c.May 26 reacted slightly, but turned strong againand finished at 22.00c. on May 31. The Swe-dish crown, which was quoted at 25.90c.May 6, was worth only 25.51c. May 12 but a sharprecovery brought the rate up to 25.95c. May 22.The close May 31 was at [email protected]. From18.82c. May 8 the Norwegian crown slumped off to18.00c. May 22, rallied to 18.35c. May 26, droppedagain to 17.92c. May 29 and closed May 31 at17.98c. The Spanish peseta sold up from 15.47c.May 1 to 15.96c. May 22, but closed May 31 [email protected] was very little change in rates on South
American centres, the market being generally dulland rate fluctuations narrow. The Argentine pesoranged bntween 361/gc. May 1 and 3678c. May 16,with the close May 31 at 363/sc. The Brazilian milreisfell off from 14c. May 5 to 13%c. May 10. Thequotation May 1 was 13%c. and the close May 31at 13Vic. The Peruvian pound moved up from$3 63 May 1 to $3 75 May 15, but the close May 31was $3 73. The Chilean peso advanced from 113e.May 1 to 123/2c. May 18 and closed May 31 at 11%c.Bills on Uruguay moved up slightly during themonth, but practically all the other South Americanexchanges remained stationary. The Far Easternexchanges reflected the advance in the price of silver.Checks on Shanghai and Hong Kong were the mostsusceptible to this influence, although practically allthe Far Eastern centres shared in the advance.
WWt4WWWWWWW.1.4... .....
..0,00,4001*.WW...0C00.400,14WW.00OOMMO
1111 II III
.
• t tttttt tttttt te.tttttg g xxxxxx rxxx=• 0,t0000 0,0f4000 000000A t t"tttt tttttt✓ r 444,:rrrr
*Cents of U. S. money per Chilean peso. z American money per Peruvian pound y Value of one escudo in U. S. currency. z Quotations for checks on Calcutta
rule at practically the same level as checks on Bombay.
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16
NEW YORK STOCK EXCHANGE, MONTHLY AND YEARLY RECORD
The following tables furnish a complete record of the New York Stock Exchange transactions for the past month andthe year 1922 to date. They need no extended introduction, as they are self-explanatory. The tables embrace everysecurity (excepting only State bonds) dealt in on the Exchange. We give bonds first, using the classification adopted inthe official list. The black-faced letters in the column headed "Interest Period" indicate in each case the month whenthe 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 of quoting bonds became effective January 2 1909.
rrFor footnotes to tables see last page of bonds and last page of stocks.BONDS.-PRICES AND SALES FOR MAY AND RANGE FOR THE YEAR TO DATE.
BONDSN Y STOCK EXCHANGE
t.2"4 ..)
Sales inMay.
Par Value
Price aboutJan. 31922.
PRICES IN MAY. I RANGE SINCE JAN. 1.
May 1. May 31. Lowest. Highest. Lowest. Highest.
U S Government Securitiesfirst Liberty Loan-
Bid. Ask. Bid. Ask. Bid. Ask. Sale Prices. Bale Prices. Sale Prices. Sale Prices.
First 334s 1932-'47 J D 17564000 95 Sale 99.48 Sale 100.00Sale 99.08May 3100.06May 25 94.84Jan. 3 100.06Apr. 12First 4s 1932-'47 J D 25,000 96.92 97.20 99.62 Sale 100.00Sale 99.56May 3 99.96May 26 96.04Feb. 7 99.961'/Iay 26First 43is 1932-'47 J D 4,253,000 97.06Sale 99.62 Sale 100.00Sale 99.62May 1 100.04May 31 96.02Feb. 6 100.08Apr. 12First Second 43(a 1932-'47 J D 237,000 07.00 100.00 99 .5099 .58 100 .10Sale 100.04May 15 100.16May 23 96.82Jan. 4 100.16May 23
Second Liberty Loan-Second 48 1927-'42 M N 145,000 94.40Sale 99.40 Sale 100.00Sale 99.26May 6 99.90May 22 95.80Jan. 30 00.90May 22Second 43is 1927-'42 M N 26019000 96.58Sale 99.58 Sale 99.98Sale 99.42May 3 100 May 31 95.72Feb. 3100 May 31
Third Liberty Loan-Third 43is 1928M S 30233000 97.58Sale 99.80 Sale 100.00Sale 99.72May 2 100 May 31 96.74Jan. 31 100.06Apr. 12
Fourth Liberty Loan-Fourth 43-Is 1933-'38 A 0 36427000 97.20Sale 99.84 Sale 100.04Sale 99.70May 1 100.06May 26 95.86Jan. 31 100.06May 26
Victory Liberty Loan-Victory 4%s 1922-'23 J D 17352000 100.04Sale 100.60 Sale 100.64Sale 100.42May 8 100.82Nlay 22 99.74Apr. 21 100.98Mar. 20Victory 3%s 1922-'23 J D 2,378,000 100.06Sale 100.02 Sale 100.00Sale 100.00May 9 100.06May 3 99.96Feb. 10 100.30Feb. 1
Ss cons reg April 1930Q J 102% 103% 102 Apr. 4 103% Feb. 28Is cons coup April 1930Q J 103% Feb. 23 1053-4 Mar. 1Ai registered 1925 Q F 103 105 Jan. 28 105 Jan. 28to coupon 1925Q F 105 104 Jan. 18 105% Feb. 27Panama Canal 3s 1961 Q M 79 80%
Registered 1961 Q M 79 79 Feb. 27 79 Feb. 27State and City Securities
New York City-430 1960 M S 39,000 98% 99 101 101% 1013% Sale 100% May 16 100% May 5 98 Jan. 4100% May 54(s Corporate stock 106445a Corporate stock 1966
M SA 0
38,000 ow, 98%
102% 102%
102% May 4 102% May 4 97% Jan. 5 99 Feb. 26
103 Apr. 27104 Feb. 24
43s Corporate stock_ __1971 J D 34,000 104% 104% 108 102% May 4 107% May 15 103% Jan. 4 10834 Apr. 25454s Corporate stock_ ..196743s Corporate stock_ _1965
J JJ D
11,00015,000
104 Sale .104 104%
108 108
107%1053% Sale
105% May 31106 May 10
106 May115106% May4 4
10334 Jan. 5103 Jan. 7
10734 Apr. 21107 Apr. 24
43.s Corporate stock- - _1968 M S 2,000 1104 104% 108 107 Sale 105% May 17 1053%1May 17 103 Jan. 6 10734 Apr. 254 Corporate stock 1959 M N 9,000 9814 Sale 9914 Sale 98% May 1 99% Mayl 5 93% Jan. 4 99% May 54 Corporate stock 195b M N 3,000 98% 99% May 23 99% May 23 93% Jan. 27 09% May 234 Corporate stock 19574% Corporate stock 1956
M N M N
93% 94 Sale 9814 9334 Jan. 12
94 Jan. 3104 Jan. 26943/ Feb. 28
New 4 s 1957 M N 13,000 104 104% 107 Sale 107% 105% May 11 107 May 1 103% Jan. 10 1070 Apr. 2843,% Corporate stock1957 M N 5,000 104 104% 107% 105% May 31 106% May 22 10331 Jan. 9 107 Apr. 218%% Corporate stock___1964
New York State-4s 1961lei NM S 1,000 8434 Sale 89
102 May 29 102 May 29 84% Jan. 3
102 May 2089 Apr. 19102 May 29
Highway Impt 434s 1963M S 10934 Mar. 31 110 Jan. 7Foreign Gov't Securities
Argentine (Govt) 7s 1921 F A 1,151,000 101% Sale 100% Sale 100 May 26 1021-4 May 3 99 Mar. 7102% May 3Argentina-Internal 5s of 1909 M S 215,000 78 Sale 85 Sale 85% Sale 843-4 May 25 873 May 2 77 Jan. 3 8T May 2Belgium-25-yr ext s f 734s g_'45 J D 592,000 104% Sale 109% Sale 109%, Sale 106% May 12 109% May 1 103% Jan. 7 10978 Mar. 35-year 6% notes 1925 J J 633,000 94% Sale 103% Sale 102% Sale 102 May 27103% May 1 9434 Jan. 61044 Mar. 820-year s f 8s 1941 F A 627,000 108 Sale 107 Sale 107 Sale 106% May 5 107% May 2 10414 Jan. 6108% Apr. 5Bergen (Norway) a f 88 1945 M N 57,000 105% 107 110% 111 Sale 110 May 3 111 May 3 105 Jan. 23 112 Apr. 13Berne (City of) s f 8s 1945 M N 168,000 106% Sale 113 Sale 113 Sale 112 May 3 114 May 13 106 Jan. 6 116 Mar. 24
Bordeaux (City of) 15-yr 68_1934 M N 563,000 831% Sale 87% Sale 86% Sale 8614 May 25 88 May 9 8034 Jan. 25 90 Apr. 15Brazil, U S of, external 88_ _ 1941 J D 1,503,000 10434 Sale 107 Sale 10514 Sale 103% May 23 107 May 1 103 Jan. 11 108 Apr. 17Canada, Dominion of, 5s__ _1926 A 0 619,000 9634 Sale 99 Sale 99% Sale 98% May 6 99% May 18 06 Jan. 5 101 Apr. 18
do do 55 1931A 0 387,000 94% Sale 99% Sale 98% Sale 98% May 23 993% May 1 94% Jan. 3100 Apr. 1910-year 534s 1929 F A 602,000 96% Sale 101% Sale 100% Sale 100 May 22101% May 5 95% Jan. 4101% May 5Chile Republic extenaal se 851941 P A 375,000 101% Sale 105% Sale 105 Sale 104% May 22 106 May 4 10014 Jan. 21 106 May 4External 5- years f 8s__ 1926 A 0 772,000 9934 Sale 102% Sale 103% Sale 10234 May 10 103% May 20 9834 Jan. 14 10494 Apr. 1225-year s f 8s g 1946 M N 277,000 100% Sale 105% Sale 105 Sale 104% May 29 106 May 2 100 Jan. 28 10634 Apr. 24Chinese Govt, Imperial-Hukuang Ry sterling 58_1951 J D 267,000 44% Sale 53 Sale 54 Sale 52 May 4 54% May 6 44 Jan. 24 57 Feb. 27Christiania (City) s f 88. ....A945 A 0 129,000 107% Sale 110 Sale 110% Sale 10934 May 4 1113% May 9 106 Jan. 6 11234 Mar. 28Copenhagen 25-yr s f 5348_1944 J J 624,000 87 Sale 93 Sale 91% Sale 91% May 25 9334 May 51 8534 Jan. 5 93% Apr. 15
Cuba, Rep of, 55 ext debt 19045a ext debt ser A of 1914 1949
Danish Cons Munic a f 8s A_1946 P A 101,000 106 Sale 111 Sale 110% Sale 10934 May 12 112 May 6 105% Jan. 5112% Apr. 6Series B a f 8s 1946 17 A 97,000 1063-( Sale 111 Sale 110% Sale 110 May 5 112 May 6, 105 Jan. 4 112% Mar. 30
Denmark s f 88 1945 A 0 321,000 108 Sale 111% Sale 110 Sale 110 May 20111% May 3 10734 Jan. 21 11234 Apr. 420-year external (is 1942 J J 1,117,000 9434 Sale 99 Sale 99 99% 97% May 11 99% May 18 903% Feb. 1 90% May 18
Dominican Republic e f 58....1958 F A 53,000 85 86 93 Sale 91% Sale 904 May 24 93 May l 8514 Jan. 5 93 Apr. 7Dutch East Ind 25-yr ext 6s_1947 J J 1,573,000 96% Sale 95% Sale 94% May 29 97 May 2 94 Feb. 27 07 May 240-year 6s 1962 M S 2,763,000 96% Sale 95% Sale 94% May 29 96% May 3 943-1 Apr. 4 07 Apr. 17
French Repub 25-yr ext 88__1945 M S 1,590,000 100 Sale 105% Sale 104% Sale 103 May 27 106% May 3 993( Jan. 5 10834 Mar. 2020-yr external loan 734s_ _1941 J D 2,273,000 94% Sale 102 Sale 1023-4 Sale 100% May 12 102% May 5 94 Jan. 5 104% Apr. 17Gt Brit & Ireland ,United King of20-year gold bond 534s_ _1937 F A 1,612,000 96 Sale 103 Sale 102% Sale 102 May 10103% May 3 96 Jan. 3103% May 310-year cony 5348 1929 F A 1,615,000 99 Sale 107% Sale 108% Sale 105% May 18 109 May 12 983% Jan. 5 109 May 128-year cony 534s___Nov 1922F A 2,886,000 100% Sale 107% Sale 108% Sale 107 May 2 109% May 15 100 Jan. 14 109% May 15Italy, Kingdom, Eder A 630_1915 F A 87,000 92 94 96 Sale 95 Sale 94 May 26 96% May 19 9214 Jan. 7 963', May 19
Japanese Govt ,Imp-£4%e_1925 F A 779,000 87 Sale 91 Sale 90% Sale 90 May 16 9134 May 19 863% Jan. 4 91% Apr. 152d series 434s 1925 J J 274,000 86% 87% 89% Sale 89% Sale 893% May 10 9014 May 19 863% Jan. 4 91 Apr. 19Sterling loan 4s 1931 J J 1,032,000 73% Sale 77% Sale 77% Sale 76% May 5 78 May 1 729-4 Jan. 4 79 Apr. 15
Lyons (City of) 15-year 68_1934 M N 535,000 83% Sale 87% Sale 86% Sale 863.4 May 17 88 May 8 8034 Jan. 25 90 Apr. 15Marseilles (City of) 15-yr 68.1934 M N 584,000 83A Sale 87% Sale 86% Sale 8634 May 13 88 May 8 80% Jan. 25 00 Apr. 15Mexico, U El of, external goldloan of 1899 sinking fund 5s_ - _ Q J 049,000 54% Sale 68 Sale 65 Sale 64% May 12 68% May 1 54 Jan. 13 7014 Apr. 174s gold debt of 1904 1954 J D 912,000 40% Sale 57 Sale 54% Sale 53% May 12 58 May 2 399-( Jan. 10 62 Apr. 3
Netherlands s 1 6s 1972 M S 4,227,000 95% Sale 97% Sale 95 May 1 98 May 31 939-4 Mar. 29 98 May 31Norway ext s f 8.8 1940 A 0 204,000 108% Sale 111% Sale 110% Sale 110 May 29 115 May 2 107% Jan. 6 115 May 2Porto Alegre (City of) 8s.._ _1961 J D 128,000 105 Sale 101% Sale 101% May 31 105 May 1 101% May 31 105 Apr. 25Queensland State ext s f 7s1941 A 0 214,000 10834 Sale 110% Sale 111 Sale 10934 May 11 1113% May 18 105% Jan. 27 1113% May 1825-year 6s 1947 P A 248,000 102% Sale 101% Sale 101 May 29 103% May 11 98% Mar. 1 103% May 11
RioGrande(St'te)25yr8s intctfs'46 A 0 205,000 104 Sale 102 Sale 101% May 31 104 May 1 90 Feb. 1 105%, Apr. 15Rio de Janeiro 25-yr s f 8s___1946 A 0 535,000 10134 Sale 104% Sale 103% Sale 103 May 20104% May 1 99 Feb. 6 10634 Apr. 17Ban Paulo (City) s f 8s 1952 M S 262,000 105 Sale 103 Sale 103 May 25 105% May 1 1003-4 Mar. 2 1063-4 Apr. 15Man Paulo (State) ext at 8s__1936 J J 191,000 101% Sale 105% Sale 104 Sale 10314 May 25105% May 2 100% Jan. 28 107 Apr. 21Seine Dep (France) 20-yr 78_1942J J 1,270,000 9514 Sale 93% Sale 93% May 29 96 May 1 9034 Feb. 16 08 Apr. 15Sweden 20-year 6s 1939 J D 712,000 94% Sale 102% Sale 101% Sale 101% May 6103 May 2 94 Jan. 6103 May 2Swiss Confederation 5 f 8a 1940J J 612,000 114% Sale 116% Sale 118 Sale 116% May 1 118 May 4 11234 Jan. 24 120 Mar. 25Tokyo City loan of 1912 50 M 13 161,000 67 68 71 73 71% Sale 71 May 23 73 May 2 67 Jan. 4 76 Mar. 1Uruguay, Rep external 8a _1946F A 151,000 103 Sale 107 Sale 103% Sale 106 May 5108% May 12 10234 Jan. 7 108 Mar. 2Zurich (City of) s f 88 1945 A 0 190,000 10734 Sale 112% Sale 113 Sale 112 May 13 114 May 2 106 Jan. 25 114 Mar. 26.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] BONDS-STOCK EXCHANGE RECORD 17
BONDSa Y STOCK EXCHANGE ct
Sales inMay.
Par Value
Price abou IJan. 31922.
PRICES IN MAY. RANGE SINCE JAN. 1.
May 1. I May 31. Lowest. Highest. Lowest. Highest.
Railroad Bonds 8 Bid. Ask.Alabama Mid. See At Coast LAlbany,& Susq. See Del & HudAllegh & West. See Buff R & PAm Dock & Imp. See Cent of N JAnn Arbor 1st g 48_ _ __July 1995 CI .1 49,000 58 58%Pitch Top & S F-Gen g 4s_ _1995 A 0 788,000 86 SaleRe 1995 A 0 11,000 Registered Adjustment g 4s___ _July 1895 Nov 81,000 79 Sale
Registered July 1995 Nov 76 86Stamped 1995 M N 109,000 78% 79
50-year cony gold 4s 1955 J D 21,000 77 79Cony 4s issue of 1910 1960 J D 68,000 92 SaleEast Okla Div let g 4s......1928 M S 13,000 89% 91%Rocky Mt div 1st 4s A 1965 J J 27,000 773
_Short Line 1st 45 gold1958 J J 17,000 79 82Cal-Ariz 1st & ref. 4%8_1963 M B 61,000 8634
than Knoxv & No. See L & NSal Coast L 1st g 4s_July 1952 M g
11930 M N 86 Sale
General unified 430 1964 J D M000P01 104% 104%10-year secured 78
8334 SaleAla Mid 1st guar g 5s_ 1928 M N 6,000 96,8 Brunsw & W 1st gu g 48_1938 J J 1,000 834 Charles & Say 1st g 78_1936 J J 109%, L & N collat gold 4s_Oct 1952 M N 378,000 7634 SaleSay Fla & W 1st g 6s......1934 A 0 1,000 103%
!Man & Danv. See South'n Ry&ustin & N W. See So Pacific112alt Jc 0-Pr lien g 3348_1925 J J 327,0001.0 Gold 45 July 1948 A 0 254,000
Convert 4348 1933 I9A g 1,013,000Registered
Refund & gen 55 ser A_-1995 J D 355,00010-year temp 65 19293 J 1,033,000Pittsb June 1st g 65.-1922 J JPitts Jet & M D 1st g 334s '25 M N 24,000
S 8_ 1925 J J 179,000PLE&W Va Sys ref yis_1941 M N 239,000W Div 1st gold 3
C 0 Reorg 1st con g 4 8_1930 M S Cloy Lor & W con let g 55 '33 A 0 3,000 96Ohio River RR 1st g 5E1_1936 J D 1,000 9034 94
General gold 58 1937A 0 3,000 8534 Tol Cin 1st & ref 45 Ser A 1959;3 J 67,000 63 Sale
Beech Creek. See N Y C & H RBellev & Carond. See Ill CentBruns & West. See Atl Coast LBuff R & P i g 5s 1937 M S 5,000 98% Consol 4345 1957 M N 104,000 90 SaleAllegh & West 1st g gu 4s '98 A 0 758%
Cl & Mah 1st gu g 55___1943 J J 1 86% Roch & Pittsb cons 1st 65_ _ 1922 J D 13,000 100 101
Burl C R & No. Se8C RI & Pac I
Can Sou con gu A 5s 1962 A0 42,000 93 Saleauadian North deb sf 75.._1940 J D 208,000 109% Sale25-year deb 5 f 634s g_1946 J
--
J 356,000 107% SaleCanadian Pac 4% deb stock_ 1,155,000, 78 SaleCarb & Shawn. See Ill Central -- 1Carolina Cent. See Saab Air LCaro Clinch & Ohio 1st 58_1938 J D 131,000 8334 SaleCarthage & Ad. SeeNYCAr ElCod R Ia F & N. SeeB C R dr NCentral Branch. See Mo PacificCentral Ohio. See Bait & OhioCent of Ga-lst g 58__Nov 1945 F A 15,000Consol gold 55 1945 M N 13,000
Registered 1945 M N 10-yr temp secured es__ _ _1929216,000Chat Div pur money g 48_1051 :I-15 10,000Mac & Nor Div 1st g 5s_ _1946 J J 1 87Mid Ga & Atl Div 6s____1947 J J 1,000 87 Mobile Div 1st g .5s 1946 J J I 87
Oen RR & B of Ga-Col g 5s 1937 M N 7,000, go galeCentral of N J-Gen g 55___1987 J J 85,0001 104 Sale
Registered July 1987 Q J 2,000 10234 Am Dock & Imp Co eat 6819363 J 1045% N Y & L Br gen g 48 1941 M S 82%
Central Pacific. See So Pac CoChes & 0-Fund & imp 5s__1929 J J 12,000
1st cons gold 55 1939 M N 47,000Registered 1939 M N 11,000
General gold 434s 1992 M S 267,000Registered 1992 M 5
Convertible 4345 1930 F A 706,000Cony secured 5s 1946 A 0 1,722,000Big Sandy 1st 4s 1944 J D Coal Riv Ry 1st gu 45___1945 J D Craig Valley 1st g 5s_-1940 J J 1,000Potts Creek Br 1st 45____1946 J J R & A Div 1st con g 4s_ _1989 J J 18,000
2ci con gold 4s 1989 J 3 2,000Warm Spr Val 1st g 58_1941 M S Greenbr Ry 1st gu g 45_1940 M N
Chic & Alt RR-Ref g 3s__1949 A 0 1,000Railway 1st lien g 334s___1950 J J 651,000
Chic Burl&Q-Ill Div 3345_1949 J J 11,000Registered 1949 J J
Illinois Division 4s 1049 J J 28,000Nebraska Extension 45_1927 M N 33,000No Pac-Gt No. See Nor Pac.General 4s 1958M S 161,0001st & ref Ser A 5s (w 1)_ _ _1971 1? A 1,581,000
Chic & E Ill-Ref & impt g 48Trust Co ars of deposit1955
11 S M & Tr Co ctfs dep__ __ 103% do do stamped_ 80
Guar Tr Co etre of dep____ 103% Chic & E Ill RR-Gen 5s__ 1951 M N 2,100,000 69% SaleChic & Ind Coal Ry 1st 58.1936 J jChic Gt West-lst 50-yr 48_1959 M S 45107:000000 10621% Sale
ReChic Ind & Lou-Ref g 68- -18V ,1 3 . j
51,000 80 Salej
funding gold 58 Refunding 4s Series C 1947 J J 6,000 75 1st & general 5s 1966 M N 2,000 79 81Ind & Loutsv 1st gu 4s 1956 J J 50
Chic Ind & Sou-50-yr 48-1956J J 80 Chic L S & East-lst 430_1969 J D 4,000, 8034 Chic Milw & St Paul-Gen g 4s Ser A May 19893 J 119,000
1,
Gen g 3345 Ser B_ May 1989J J 13,000,General 434s Ser C _ _ May 19893 J 87,000,Gen & re ser A 4348 Jan 2014 A 0 899,000'Gen ref cony ser B 5s Jan 2014 F A 754,000;Convertible 4348 1932'J D 1,217,000,Permanent 45 1925'J D 937,00025-year debenture 4s_ _1934 J J 229,000,Ch & Mo Riv Div 58 1926 J J 9,000
82 May 880% May 2699 May 1293% May 981% May 2584 May 1090% May 10
87% May 101043% May 1186% May 18100 May 388% May 11
8134 May 12108% May 1
93 May 180% May 17
81% May 585 May 699% May 9
91% May 979 May 1290% May 10
97% May 1096 May 1196% May 1567% May 16
100% May 1590% May 26
99% May 19
9634 May 20111% May 17111 May 1678 May 13
88 May 5
101 May 1797% May 1
9934 Sale 9834 May 16784 7834 May 2995% 97 95 95 May 1995% 92% 94% 94 May 16107% 108 10634 May 12105% los% 105% May 11106% 108% 91
96 98 95% May 5101% 100 May 1 100 May 26
86% 8734 8634 May 26
Sale Prices.
73 May 489% May 2388% May 2984 May 23
8734 Sale 8734 May 11938% Sale 9134 May 1381% 82% 82% 88 88% 88% May. 3177% 80% 835/g 83% May 280% 88% 78% 59 Sale 573% May 2050% Sale 4634 May 1681% 82 8134 May 10
85 Jan. 4 90 Apr. 2510434 Mar. 3 107 Jan. 2483% Jan. 3 88% Jan. 179834 Mar. 3 100 May 386 Jan. 16 88% Apr. 117534 Jan. 4 79% Jan. 167734 Feb. 2 83 Apr. 181088% May 1 108% May 1
8834 Jan. 4 94 Apr. 157634 Jan. 5 83 Apr. 26
83 May 187 May 16100 May 1
74 Jan. 777 Jan. 3194% Jan. 4
92% May 380% May 393 May 18
99 May 296% May 196% May 1869 May 1
10034 May 1391 May 4
84 Apr. 1788 Apr. 17100 Apr. 21
87 Jan. 9 94 Apr. 67234 Jan. 9 8234 Apr. 2586 Jan. 7 93 May 189034 Mar. 3 904 Mar. 392 Jan. 25 99 May 296 May 11 98 Mar. 1890 Feb. 6 9634 May 1862% Jan. 6 70 Apr. 8
9834 Mar. 2187% Mar. 168234 Mar. 26
100% May 6
98% May 3114% May 2112% May 180% May 2
94 May 1
102% May 599% May 4
100 May 1081% May 2
95 May 19
99% May 19
93 Jan. 1010834 Jan. 410734 Jan. 577 Mar. 22
83 Jan. 9
85 Jan. 684 Mar. 190% Mar. 794 Jan. 57934 Mar. 1893 Feb. 2395 May 19
94% May 3109% May 1105% May 11
8834 Jan. 12103% Jan. 4105 Apr. 24107 Mar. 14
98 May 22102 May 17100 May 2688% May 1
9034 Jan. 1097% Jan. 4100 May 2682% Feb. 2
89% May 1!94% May 23
82% Jan. 684% Jan. 5
88% May 31
83% May 4
61 May 150% May 27i83% May 5'
90% May 2496 May 2
89% May 2499% May 2
106 May 24
84 May 4
60% May 22 62% May 1104 May 11105% May 2395% May 8 9634 May 249534 May 4 96 May 482 May 191 8334 May 1
87 May 5; 88% May 261
75% May 20 78 May 266% May 10 69% May 385 May 9 86% May 264 May 11 67% May 17334 May 13 76 May 570 May 11' 72% May 279 May 11 81 May 563% May 15 65% May 69734 May 11 97% May 10
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
18 BONDS-STOCK EXCHANGE RECORD [VOL. 114.
NYBONDS
STOCK EXCHANGE
1'4t:44
Sales in IMay.
Par Value
Price aboutJan. 31922.
PRICES IN MAY. RANGE SINCE JAN. 1.
May 1. May 31. 1 Lowest. I Highest. Lowest. Highest.Chic Mil & St Paul (Concluded)
M es Puget lat gen 45_1949 JFargo & So ass= g 69_1924 J JMil & Nor 1st ext 450-1934 J DCons ext 450 1934J D
Chic & N W Extens 49_1886-1926 F ARegistered 1886-1926 F A
General, gold, 33s 1987 M NRegistered Nov 1987 Q F
General 4s 1987 M NStamped 1987 M N
General 55 stamped------1987 M NSinking fund 6s____1879-1929 A 0
Registered 1879-1929 A 0Sinking fund 5s_. _ _ _1879-1929 A 0
Registered 1879-1929 A 0Sinking fund deb 50 1933 M N
Registered 1933 M N10-year secured 7s 1980 J D18-year secured 650 1936 M SDes Pl'nes Val 1st gu 4%s 1947 M SSt P East Gr Trk 1st 4s1947 J JFrem Elk & Mo V 1st 6s 1933 A 0Man GB&NW 1st gu 350 1941 J JMilw &El L lat gu 3%5-1941 J JM L S & West Ext sf 59_1929 F AAshland Div 1st g 68_1925 M 9Michigan Div let g 6s 1924 J J
Mil Spar dc N W lat gu 4s 1947 MSt L Peo & N W 1st gu 5s 1948 J J
Chic R I & Pacific gen g 48_1988 J JRegistered 1988 J J
Refund gold 4s 1934 A 0R I Ark & L 450 rec 1934M SBurl C R & No-gold 55_1934 A 0M St L let gu g 70_ _1927 J DChoc Oki & 0 Consol 5s 1952 m NKeok & Des M 1st 55_ _1923 A 0St P & K C Sh L 1st 450_1941 F A
Chic St L & N 0. See Ill CentChic St L & Pitts. See Penn CoChic St P M (lc 0 cons 6s_ _ _1930 J DCons 60, reduced to 3%9_1930 J D
SDebenture 56 1930 MNorth Wisconsin 1st 60-1930 J JSuperior S L 1st So.. ..June 1930 M S
Chic Is H & S'east 1st 5s 1960 J DChic & W I gen g 6s Dec_1932 2Consol 50-year 45 1952 .115-years f 750 1935 M S
Choc Okl & G. Bee C R ac PCin Ham & D 2d g 450_1937 JCin Fin dr Ft W 1st gug 4s '23 M N
dcDay Mich lot con 4 9_1931 J JGin Ind St L C. See C CdcStLGin San & Clev. See CCC&StLClearfield & Mahon. See BR&POCC&StLgeng 4s 1998J D20-year debenture 450.-1931 J JGen 58 Series B 1993 J DRef & IMP 6s series A__ _1929 J JRef & imp Os Series C 1941 J JCairo Div 1st gold 45-1939 J JCin W & M Div 1st g 45_1991 I JBt L Div 1st coll tr g 4s 1990 M N
Registered 1990 M NSp & Col Div let g 4s 1940 M SW W Val Div lst g 4s_ 1940 J JChi I St L &Clot 4s_ _Aug 1936 Q 1
Registered Aug 1936 Q FCin dc Cl cons lst g 5s__1928 J JC C C & In gen con g 68_1934 J JInd Bl dr W 1st pref 45_1940 A 00 I & W 1st pref 5s Apr 1938 Q, JPeor & East 1st cons 4,5__1940 A 0Income 48 1990 Apr
Cleve Lor & W. See Bait & 0Cleve & Mahon Vail. See ErieCleveland & Pitts. See Penn CoCleve Short L-lst gu 450_1961 A 0Colo & Southern 1st g 49_1929 F ARefunding dr ext 450_ 1935 M NF W & D City-Ext 534s_1961 'J D
Colum & Hock V. See hock ValCol Conn dc Term. See Nor & WConn & Pas Rivs 1st g 4s_ _1943 A 0Cuba Rh 1st 50-year 5s g_1952 J J
1st & refund 730 ser A_ A936 J DMlles & Waco. Sea Mo K & T&oelaware Lack & Western-
Mor & E 1st gu 350_2000 J DNY L&W Construe 5s _1923 F ATerm & improve't 48_1923 M N
War RR 1st ref gu g 354 2000 F ADelaware & Hudson-
1st lien eq 15-yr g 4549_1922 J Jlet refunding 48 1943 M N 16,00020-year convertible 5s 1935 A 0 32,0001
10-year secured 7s 1930J D 30,000Alb & Susq cony 350 1946 A 0 2,0001Rena dc Saratoga 65 1941 M N
Del Riv RR Bdge. See Penn RRDen & R 0-1st cons g 49...1936 J J 188,000,
1938 .1 86,000,Consol gold 450 Improvement gold 58 1928 J D 132,000First & refunging 58 1955 F A 1,018,000Trust co certfs of de p 15,000,
Rio Gr June 1st gu g 5s...1939 3 D 7,0001Rio Gr Sou lat g 40 19403 J
Rio Gr West 1st g 45 1939 J J 73,0001Guaranteed 1940 J J
M &coll tr g 45 Ser A__1949 A 0 73,0001Des M & Ft D. See M & Bt LDet & Mack 1st lien g J D Gold 4s 1995 J D 7,000,
Detroit River Tunnel- 1Det Term Tunnel 1st 430 1981 M N 50,000,
Dul Missabe & Nor gen 5s.._1941 J J 1,000:Dul & Iron Range 1st 59_1937 A 0 3,0001
Registered 1937 A 0 Duluth Short Line. See Nor PDul So Shore & Atl g 58___1937 J J 6,000ELt of Minn. See SPM &M
ast Tenn Reor lien. See So RyEast Tenn Va & Ga. Be. So RyElgin Jol & East 1st g 5s___1941 M NElie-1st extended gold 79_1930 M SN Y & Erie 1st ext g 48_1947 M N
3(1 ext sold 41,40 1923 M
$ I Bid. Ask.73,000 65 Sale 97 82 1,000, 8031 882,000, 9154 9231
27,000 92 Sale 101% 91 18,000, 7354 75342,000, 104 Sale
220,000, 6854 Sale115,000, 10054 Sale
2,0001 813.'
Bid. Ask. Bid. Ask. Sale Prices. I Sale Prices. Sale Prices. Sale Prices.76% Sale 7154 7334, 7234 May 291 77 May 11 6354 Jan. 27 7734 Apr. 2797% 98 1 853' Sale 8794 1 1 8454 Mar. 24 8454 Mar. 248634 8734 8534 May 11 8534 May 11 85 Apr. 3 8534 May 1.96 9634 933/ 98 1 95 May 25 96 May 26 9234 Jan. 5 96 May 269234 947, I I 9351 Mar. 28 9331 Mar. 287534 Sale 1 7534 7534 7534 May 23
1 7534 May 9 72 Jan. 4 81 Jan. 30
85 8534 8534 85 May lli 863,4 May 16, 8254 Feb. 2 8651 May 161
8354 8454 8331 Sale 8354 May 16 84 May 2. 63 Jan. 28 8454 Apr. 18
110434 Sale 104 May 1 104% May 22 99% Jan. 3 105 Jan. 1710154 103 10134 106%
' 10154 Mar. 27 103 Feb. 17
1013% 101 Mar. 11 10134 Mar. 28
97 11973.' 100 9734 9734 May 231
98 May 26 9654 Apr. 11 98 May 26
99 9934 9934 1 99 May 10 10034 May 4 96 Jan. 10 10054 May 495 1 9854 May 25 9854 May 25 9834 May 25 9834 May 2510634 107 '10654 May 26 10954 May 18105 Jan. 9 10954 May 1810934 Sale 106 10634 10854 May 16 110 May 4' 106 Jan. 4 110 May 48651 874 I 8954 8958 93 8934 May 2, 8934 May 2 8934 May 2 8934 May 2108% 10851 110 10751 Mar. 11 10731 Mar. 11
May 15 90 May 13May 2 101 May 26May 18 84 May 6 1 1
81 May 25 84 May 281 May 20 8234 May 197 May 26 98 May 13
,1 9354 I 89 Feb. 15,90 9034 8934 May 15 90 May 8 72 Jan. 48134 82 8134 May 9 84 May 11 76 Jan. 27
I I107 Sale 106 107 106 May 26 1073,1 May 1 10454 Feb. 17 10754 Jan. 2690 90 67 Apr. 5 0034 Jan. 2693 9534 93 94 9354 May 31, 95 May 9 9154 Jan. 10 9654 Apr. 810554 1059 9434 94% 86 Sale 82 83 83 May 15 86 May 1 7334 Jan. 12 8634 Apr. 2810434 104% 104% May 9 104% May 9 103 Jan. 9 104 Mar. 77554 Sale 74% 7434 7334 May 17 75% May 1 68% Jan. 11 77 Apr. 7102% 10254 10234 102% 102 May 5 10254 May 10, 9934 Jan. 5 10234 Apr. 24
1 18654 8854 8734 8934 87 May 31 8734 May 31 85 Feb. 6 8934 Mar. 22
9154 9134 1 9034 Mar. 21 9034 Mar. 21
1 18134 Sale 7954 May 13 82 May 8 7634 Feb. 3 83 Apr. 268954 90 8734 May 15 8934 May 2 8434 Feb. 14 91 Apr. 179834 9734 May 13 99 May 10 92 Feb. 1 99 May 1010054 Sale 9934 May 29 10034 May 2 95 Jan. 9 10034 Apr. 28102348534 16 87 May 16 7994 Jan. 8 87 May 167934 80 23 8134 May 15 76 Jan. 12 8154 May 158234 Sale 22 8234 May 1 7754 Jan. 4 8234 May 1
8531 Mar. 23 90 May 1395 Jan. 5 10291 Feb. 279 Jan. 4 84 May 678 Jan. 7 8151 Apr. 257534 Jan. 6 84 May 27634 Jan. 25 825% Apr. 289654 Mar. 27 9794 Apr. 25
8634 May 17 8634 May 1794% 94% 1053-4 10534 110534 May 2 10534 May 282 873 84% 8554 79 7934 7734 7894 7854 May 17 80 May 431 32 32 Sale 27 May 15 32 May 22
8034 May 20; 81 May 169934 May 8 10334 May 199834 May 10 9834 May 24
89 May 22 0134 May 49551 May 12 9734 May 31107 May 10 109 May 380 May 23 81 May 12
81 Sale 78% 79 7834 May 128334 84 82% 85 82 May 1382 8334 823,4 Sale 82 May 550 Sale 483% 5034 48 May 11
42 May 1288 9034 8834 9034 88 May 8 174' 1138
40 80 Sale 78%, 7934 78% May 15Ng Sale 66% 67 6634 May 22
7634 77 7334 77 66 66 74 67 May 23
8834 90 87 Sale100 98% 0034 wog 97 9834
85 87
8,000 93 95417,000 101 10254 75% 4,000 9634
82 87
98% 10434 Sale8234 983-4
82% 83
991043933983
105
9934
87 May 2998% May 1397 May 26
•
82% May 29
99 May 810434 May 1
9834 May 10
8334 May 29 84 May 238494 Mar. 6 8634 Apr. 288634 May 17 863-4 May 1794 Jan. 20 9454 Mar..30104 Jan. 6 105% Apr. 11
82 May 9,84 May 2183 May 351 May 22j43% May 8,8854 May 8'
7034 Jan. 7 80 Apr. 222278 Jan. 6 35 Mar. 13
90 Jan. 281 9534 May 298434 Jan. 28 9331 May 238134 Jan. 30 8934 Apr. 2210154 Mar. 30 105 Apr. 13
7691 Feb. 1 875% May 31100 Jan. 3 104 May 17
7634 Mar. 6 81 May 169834 Jan. 10 103 May 1997 Jan. 51 99 Apr. 197434 Mar. 31' 7434 Mar. 31
9731 Jan. 161 0034 Feb. 20
8334 Mar. 3, 9154 Apr. 218051 Jan. 31 99 Apr. 24107 May 10 109 Feb. 87634 Jan. 3 81 May 128094 Apr. 29, 8134 Apr. 29
73 Jan. 311 82 May 9
7054 Jan. 12 84 May 27434 Jan. 3 85 Apr. 174234 Jan. 5 5234 Apr. 154034 Mar. 3 47 Apr. 228054 Mar. 3 8834 May 8
80% May 4,6994 May 21
1
893 May 510834 May 1397 May 26'
74 May 16
83% May 15
7334 Jan. 6 8034 May 46254 Jan. 4 70 Apr. 12
67 May 231 74 May 16
82 Jan. 51 8934 May 59574 Jan. 4 100 Mar. 90554 Mar. 3 10031 Apr. 6
8234 May 291 87 Jan. 12
99 May 8 95 Jan. 20 0934 Apr. 2610554 May 5 10034 Jan. 10 107 mar. 24 1 1
9854 May 22 9694 Jan. 12 9834 May 22
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
•
JUNE, 1922.] BONDS-STOCK EXCHANGE RECORD 19
BONDSN If STOCK EXCHANGE
A 0 J D M S J JJ J J JJ J F AA 0A 0A 0M NJ J J JJ JA 0 M N J J M N J JF AF AM NA 0 J D
J J A 0 A 0 A 0
J DJ J J J
A 0
A 0M S
J JJ JJ J_
J J J J J J J JJ J J DJ D J J A 0J JJ J J J J J J J J D
Feb FebJ J 3 J J JJ J A 0 F A
J J J JJ J
JA 0 MA 0A 0 M NJ JM NM NJ JJ JJ D J J J JJ JF AJ JJ JJ J J J F AF A J D M S J DJ D J D J D J DJ DM S
J J J JM N
J D
A 0A 0 .1 JJ J
Sales inMay.
Par Value
Price aboutJan. 31922.
PRICES IN MAY. RANGE SINCE JAN. 1.
May 1. May 31. Lowest. Highest. Lowest. I Highest.
Erie (Concluded)4th ext. gold 5s 19305th ext gold 4s 1928NYLE&W extd 7s 1930Erie 1st con g prior 45-1996
Registered it consol gen lien g 45-1996Registered Penn coil trust g50-yr cony g 40 Ser A...1953Do do Ser B-1953
Gen cony 45 Series D__1953Chic & Erie 1st gold 55- _1982Clay & Mahon Val g 5s___1938Erie & Jersey 1st s f 6s___1955Gennessee Riv RR 1st s f 68'57Long Dock cons gold 60_1935C & RR Co 1st cur gu 6s__1922D & Impt Co 1st extd 55.._1943NY&Greenw L guar g 50_1946NYSusq & W 1st ref g 50_1937Second gold 4%s 1937General gold 5s 1940Terminal 1st gold 55-1943
Mid of N J 1st ext 55 1940Wilk & East 1st gu g 50-1942
Erie & Pittsburgh. See Penn Co.& Ind 1st con gu g 60_1926
Iv & T H-let gen g5s 1942Mt Vernon 1st gold 60 1923Still Co Brch 1st g 58 1930
FVargo & Sou. See Ch M & St Pla Cent & P. See Saab Air L
Fla East Coast 1st 4%s 1959Fort St U D Co 1st g 4%0_1941Fr W & Rio Gr lat g 4s 1928Gal H & San A. See So Pac Co
a dr Ala. See Scab Air Line°sly Hous & Hend 1st 58_1933Gs Car & Nor. See Scab Air LGeorgia Pacific. See South RyGa V 0 & N. See Sou Pac CoGouv (ic Oswegat. See N Y CentGrand Trunk of Can s f 7s 1940
15-yr deb g s f 60 1936Great Nor-C B & Q coll. See N P
General 7s Series A 1936let & refund 44s Ser A 1961
Registered 1961Gen mtge Ser B 53s (w I) 1952St Paul Minn & Manitoba-Consol mortgage 4s_ 19331st consol gold Os 1933
Registered 1933Reduced to gold 4%0_1933
Registered 1933Mont Ext 1st gold 45_1937
Registered 1937Pac Ext sterling gu 45_ _1940Ry M No Div 1st g 4s 1948
Minneap Union 1st g 68_1922Mont C 1st gu gold 6s 1937
Registered 19371st guar gold 50 1937
Registered 1937Will & S F 1st gold 5s___ _1938
Greenbrier R. See Chas & 0Green Bay & West deb ctfs A_..Debenture ctfs B
Oa BM 1st ref & ter 5s g Feb. '52Registered Feb. 1952
H'Jock Val 1st con g 4%s_ _.A999a Registered 1999Col & II V 1st ext g 4s_ -1948Col de Tol 1st ext 48 1955
Housatonic. See NYNH&H11 & Tex Cent. See So Pac CoHone Belt & Ter 1st 5s 1937I llinois Central-lst g 4s-1951
Registered 19521st refunding 48 1955Purchased lines 3%s 1952Coll tr g 4s L N 0 & T 1953
Registered 195315-year temp 5%s secured '3415-year secured 63s 1936Cairo Bridge gold 45 1950Litchfield Div 1st g 30_1951Lou'v Div & Term g 3%8_1953
Registered _._1953Omaha Div 1st g 3s 1951St Lou Div & Term g 3s 1951Gold 33s 1951
Registered .1951Springf Div 1st g 338_1951Western Lines 1st g 40_1951Registered 1951
Belle & Carond 1st 60 1928Carb & Shaw 1st 48 g.-1923Ch St L & N 0 gold 58_1951
Registered 1951Gold 3%s 1951
Registered 1951Joint 1st ref ser A 50 1963Memphis Div 1st g 4s- 1951St L So 1st gu g 4s 1931
Ind BI W See Cl C C & St LInd Ill AC Ia 1st gold 4s 1950Ind Union gen A: ref 5s A 1965Internat'l & Gt Nor-lst 78_1922Iowa Central. See Minn & St LTack Lane & Sag. See Mich Cen*games F & Clear 1st 43_ _ _1952If all All & G R. SeeLS &MSalb' an tic Mich. See To & 0 CK C Ft S & M. SeeStL&SF
K C & M Ry & B. See StIASF
K C & Pacific. See MoA & TKan City South 1st g 3s 1950
Registered 1950Ref At Imp 58 April 1950
Kansas C Term 1st 48 1960Kentucky Central. See L & NKeok Des M. Ses C R I P
89 Apr. 18525% May. 2652% May 2657% May 2694 Apr. 27905% Jan. 271061% May 3197 May 2
100 Apr. 27
88 Feb. 14703( Apr. 2652 May 960 Apr. 2586 May 15
73 Apr. 29
87% Apr. 5
85 Mar. 28
965% Apr. 27
1147% May 1105 May 3
110 May 1991 May 4
1%
1003-1 May 22
91 Mar. 15Apr. 26
1 965% May 1895 Mar. 15915% May 4
9234 Apr. 139991 May 161095% Jan. 23
1003% Apr. 4
999-1 Mch. 17
705% Apr. 10111% Apr. 2179 Apr. 4
87% Apr. 5
78 Jan. 10793% Mar. 20
93 Apr. 695 May 17
80% May 17
835% Mar. 2095 Jan. 18
89 Apr. 2578% Feb. 2845% Apr. 27
1023% May 11111 Apr. 2881% Feb. 8673% Mar. 2777 May 13
67% May 976% May 577 Feb. 9
85 May 24
9931 Apr. 24
1023% May 10
97 Apr. 2582 May 6
86 Jan. 2795% May 59934 Apr. 10
85 Jan. 20
6934 May 22
89 Apr. 2784 Apr. 24
•
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
20 BONDS-STOCK EXCHANGE RECORD [VOL. 114.BONDS
.41 Y STOCK EXCHANGE
It•t;t.2 Sales in•t May.
Par Value
Price aboutJan. 31922.
PRICES IN MAY. 11 RANGE SINCE JAN. 1.
Knoxville & Ohio. See Sou Ryake E & W 1st gold 58____1937 J2d gold bs 1941J JNorth Ohio 1st gu g 5s__ .i945 A 0L Sh & Mich So. See N Y Cent
Leh V (N 1st gu g 40_1940 J JRegistered 1940J JLeh V (Pa.) gen con g 4s......2003 M NGen consol 438 2003 M N
Leh V Ter Ry 1st gu g 85_1941 A 0Registered 1941A 0Lehigh Vail RR coil tr 6s 1928Leh V Coal Co lst gu g 5s..-1933Registered 1933 J JFirst int reduced to 4s 1933 J JLeh & N Y-lst gu g 46--..1945M SRegistered M SLeh dr Hud R. See Cent of N J
Little Miami gen 4$ ser A__1962Long Dock. See Erie.Long Isl 1st con g bsJuly 1931 Q J
1st cons. gold 48____July 1931 Q JGen gold 45 1938J DFerry gold 4%8 1922 MGold 48 1932 J DUnified gold 45 1949 M SDeb gold bs 1934 J D20-year temp deb 55 1937 M NGuar ref gold 45 1949 M SNYBdr1V1Bcong 8s1935A 0N Y & Ro Bch 1st g 5s1927 M SN Sh Bch lat con gu 89 Oct '32 Q JLouisiana & Ark 1st bs 1927 M S
Loulsv & Nashv-Gold 8s 1937 M NUnified gold 4.0 1940J JRegistered 1940J JColl trust gold be 1931 M N
10-year secured 75 1930 M N1st & ref ser A 5%5 2003 A 0Louis Cin dr Lex g 4%s....1931 M NN 0 & M 1st g 65 1930J J2d g 6s 1930J JPad & Mem Div 45 1946F ASt Louis Div 2d gold 3s_ _1980 M S
Atl Knox dr Cin Div g 46_1955 M NAtl Knox & No 1st g bs 1946 J DHend'son Bdge 1st sf 68 g 1931 M SKentucky Central g 48_ 1987 J JLex & E 1st 50-yr bs gu.... 1965 A 0L dr N Mob dr M 1st g 4401945 M SL & N-Sou Mon joint 45....1952 J JRegistered July 1952 Q JN Fl & Shef 1st gu g 5s ...1937 F ANpt dr Cin B gen gu g 4%s 1945 J J& N Ala con gu g 58_ __ _1936 F AGen cons gu 50-yr 5L....1963 A 0Lou & Jeff Bdge gu g 4s.. _1945 MMahoning Coal. See LS&MSoIlmanito B W Coloniz g be 1934 J DManila RR-Sou lines 4s_ __1939 M NMcK'pt&BVem. SeeNYC&HR
Mex Internat 1st cons g 4s__1977 M SStamped guaranteed 1977 M SMichigan Central. SeeNYCentM L S & West. SeeChic&NW& North. See Ch M & St P
Minn & St. L 1st gold 78_1927 J D1st cons gold bs 1934 M N1st & refund gold 48 1949 M S1st & ref 5s Series A 1962 Q FDes M & Ft D 1st gu g 48_1935 J JIowa Cent 1st gold 55.. 1938 J DRefunding gold 4s 1951 M SMinn dr St L gu. SeeBCR&N
id St P & SSM con gold 48 stpdpayment of int guar 1938 J J1st cons bs 193810-yr coil tr g 6%s 1931M St P & SSM & Cent Term
1st Chic Term s f 48_1941 M NM EISM & Atl 1st gold 48 stpdpayment of hit guar_ 1926 J JMinneap Un. See St P M & NMississippi Cent 1st bs 1949,3 JMo Kan & Okla. See M K & TIMo Kan & Tex-lst g 4s__ _1990'J D
2d gold 48 June 1990 F ATrust Co ctfs of deposit__ __1st extension gold 58......_1944 M N1st & refund mtge 45_2004 M SGeneral f 4%8 19361J JTrust Co ctfs of deposit.._St Lou div 1st ref g 4s__2001 ,A 03-year _b% notes extd tr rects' _ _ _ _Dal & Wa 1st gu g 13s 1940 M NKan C & Pao 1st g 4s 1990,F AMo K & E 1st gu g 58_ 1942IA 0Mo K & Ok 1st gu 5s19421M NMK & T of T lat gu g 50_1942,M SElherShrev & So 1st gu g 55 '43'J DTex & Okla 1st gu g 581943MMo Kan & Tex Rg (new co)-Prior lien 58, series A 1962 J J40-year 4s series B 1962 J J10-year es series C 1932 J JCum adjust 58 series A 1967 J JMissouri Pacific (new co)-1st & refund 58 Ser A 1965 F' Atat & ref 58 Ser B___Jan 1923 F A1st dr refund Ss Ser C 1926 F AGeneral 48 1975 M
Missouri Pacific 40-year 48....1945 M S3d 78 ext at 4% 1938 M NCent Br Un Pac 1st g 4s 1948 J DPac RR of M 1st ext g 48_1938 F A2d extended gold 13s 1938 J JSt Louis Iron Mt & South-Gen con ry & ld g 58_1931 A 0
Gen con stpd gu g 88 1931 A 0Unit & ref gold 4s 1929 J JRI, & Gulf Div 1st g 4s 1933 M N
Verdigris VI&W 1st g 58_1926 MMobile & Birm. Bee South Ry.Mobile & Ohio new g 6s 1927 J D1st extension g 6s___July 1927 Q JGeneral gold 4s 1938 M SMontgom Div 1st g 5s 1947 F ASt Louis Divison Ss 1927 3 DSt L & Cairo gu g 4e 1931J JCollat rust 4s. See Southern
103% 104%80% Sale49% Sale50 Sale55% Sale80% 81%48% Sale
89% 90100 101102% Sale
86%
95
82 Sale89% 91101%
102% 102%100 101%
90% 82% 86
Lowest. 1 Highest.
Salo Prices. Salo Prices,91% May 2 92% May 886 May 4 86% May 972% May 19 78 May 23
93% May 6 953% May 17
Lowest. Highest.
Sale Prices.85 Jan. 477 Jan. 368 Jan. 24
92% Mar. 3181 May 25 84 May 8,90% May 16 92 May 21101% May 22 102 May 10
77% Feb. 685 Jan. 498% Jan. 21
102% May 31 103 May 1 100% Jan. 2796% Jan. 19
833% Apr. 28
Sale Prices.92% May 88634 Apr. 2278 May 23
95% May 17
90 Apr. 19923% Mar. 30102 May 10
103 Apr. 1799% Apr. 11
833% Apr. 28
80%
97 98% 91% May 3 91% May 3 91% May 3 98 Jan. 1889% 82% 83% May 9 83% May 8 77 Jan. 10 835 May 8 993% Feb. 16 993 Feb. 1682% 82 May 24 82% May 24 82% May 24 82 May 2478% 89 78% May 13 78% May 13 733% Feb. 2 78 May 1390% 94% 823% May 12 82% May 12 82% May 12 91 Apr. 1281% 82 80% May 1 84% May 8 73% Mar. 13 84 May 878% Sale 783 May 29 79 May 13 72 Jan. 7 79 Apr. 2995% 95
1 92% 92 May 11 92% May 11 893% Jan. 26 92% May 1/89% 90 895 May 24 90 May 3 78 Jan. 3 90 Mar. 6101% 102 May 8102%May 23 803% Apr. 28102% May 2390% 90% 90 May 16 9134 May 6 87% Jan. b 92 Apr.. 188% 88% May 20 88% May 20 88% May 20 88% May 2097 98 May 25 983% May 24 953% Feb. 18 99% Mar. 2107% 108% 107 May 4 108% May 2 106% Feb. 26 109 Jan. 17103% Sale 102% May 11 103% May 12 10034 Mar. 7 104 Apr. 2796% 973% May 18 97% May 2 943% Jan. 30 973% Apr. 27103% 104% 103% May 25 103% May 25 102% Feb. 27 103% Mar. 25993% 101 893% Apr. 6 893% Apr. 684 I 80 Jan. 16 81 Feb. lb61% 61% 61% May 10 61% May 1 58 Jan. 11 62 Mar. 23853% 86 84% May 26 87 May 24 793% Jan. 10 87 May 2499% 004 May 16, 99% May 16 98% Apr. 20 99% May 6101 ! 1 83 ' %
84 83 May 23 83 May 23, 795% Feb. 6 843% Mar. 2998% 9978 98% May 5 99% May 26 93 Jan. 9 100 Apr. 2893 92 May 17, 93% May 19 923% May 17 93% May 1980 80 May
191 1 80% May 17, 74 Jan. 3 80% May 17
101 90 101 10297% 98%81% 82%
94% 9640 62
30
103% 104%81% 8347% Sale48 Sale58 60382 833847 Sale
87% 88%99 99%102% Sale
88%
963% Sale 95% 97
853% 86 82% Sale 66% Sale 66 7067 54 86 90 85 89.
68 72 68 71%
90% 9578% 91 Sale88% 84 16 34 39
84 Sale70% Sale96% Sale58% Sale
88 88%100 100%96% Sale65 Sale
75% 78%68 70
3,000
143,000
88
94% 95
143,000318,000
12,00021,00011,000
2,000
79% 8374% 74%8454 8696 96%
97% Sale
80 Sale76% Sale90
1011 10498 67
88 Sale83 Sale93%
104 Sale97% 98%
8258 81% Sale87 87%
92%
77 8190% 76%
88%'
2235 40
84 Sale78% 7995% 9657% Sale
87% 88100 Sale95% 96%64 Sale
80 83
78475 87%97 98%
97% 97%
87% 87%82 Sale93%
103% Sale100 100%
92%91 92% 91% May 1188 89 87 May 5
100% May 10 101 May 24
1013/ May 3 1013/ May 397% May 1, 993, May 1081% May 24 82% May 16,
94% May 1 96 May 261
79 May 1945% May 2045 May 1855% May 180 May 1546% May 11
87% May 1199% May 13102 May 9
96% May 1
85% May 11
80% May 1166% May 167% May 155% May 11
67 May 1158 May 1174 May 1290 May 2
8 May 1191 May 22
34% May 11
82 May 1168 May 1795% May 2955% May 11
87% May 18100 May 296 May 663% May 12
80 May 1774% May 3
96 May 5
97% May 26
85% May 981% May 13
1034 May 3164 May 873 May 17
100 May 10865 Mar. 3196 Apr. b953% Feb. 1477 Jan. 9
903% Jan. 3159 Apr. 8
82% May 2750 May 150 May 262 May 2383% May 2949 'May 3
Mohawk & Mal. SeeNY C&HMontana Cent. See St P M & MMorgan's La & T. See So Pac CoMorris & Essex. See D L & W'Mashy Chatt & St L 1st 55 1928a ,Jasper Brch 1st gold 65_1923Nash Flor & Shot. See Lou & NNat Rys Mex pr lien 4%5_1957Guaranteed general 4s___1977
Nat of Mex pr lien g 4345___19261st consol gold 45 1951Y& Derby. SeeNYNH&
N J Junc'n RR. See N Y CentNewp't & Cin B'ge. See Lou & N
045, N East-Ref & imp 434s_New Orleans Term 1st 45_ 19530 Tex & Mex 1st Ser A 65_1925Non-cum income ser A 55_1935
N Y B & Man Beach. SeeLIeldNY Cent RR cony deb 65193510-year coil tr 75 1930Consol Series A 45 1998Ref & impt 4345 A 2013ARef & imp 5s 2013
Registered 1936,J2d guar gold 51 19364Bch Cr ex 1st gu g 330 Feb '51IACart & Ad 1st gu g 45 19814Gouv & 0 1st gu g 55_ -19421JKal A & G R 1st gu c 5s 1938Lake Sh & M S g 3Me 1997,J
Registered 2000N Y & North 1st g 55_ _ _1928N Y & Put let con gu g 48_1998Pine Creek reg guar 65_ _1932R W & 0 con 1st 5s__July 1922Rutland 1st cons g 4345_ _1941Og & L Ch 1st gu g 45 1948Rutl-Can 1st gu g 45_ _1949
St Lawr & Adir 1st g 55_19962d gold 65 1996
Utica & B1 Riv gu g 4s 1922JPitts & L E-2d g 55_ _Jan 1028Pitts McK & Y 1st gu 65_1932
2d guar 65 1934West Shore 1st 45 guar-2361
Registered 2361N Y C Lines equip 55_......1922
N Y Chic & S tL 1st g 45.-193725-year debenture 45 1931
N Y Connect 1st gu 4345 A_1953N Y & Greenwood L. See ErieNY&Har. SeeNYC&HRN Y Lack & West. See D L & WN Y L Erie & West. See ErieN Y & Long Bch. See Cent N J
N Y New Haven & Hartford-Non-cony 4s 1947Non-cony debenture 3345 1054Non-cony deben 3%s 1947Non-cony debenture 45...1955Non-cony debenture 45_1956Convertible deben 3345_1956Convertible deben 65_ __ _1948Consol Ry non-cony 45_ _1930Non-cony deben 45 1954
Debenture 49 1957Harlem& R Pt Ches 1st 45 1954B & N Y Air Line lst 45_1955Cent N E 1st guar 45-1961Housaton RR con g 55_1937N Y Prov & Bos gen 45___1942NY W'ches & B 1st 4545_1946
New Eng RR cons 45_ ....1945Providence Sec deb 45_1957Prov & Spring! 1st 55__ _1922Providence Term 1st 45._1956
N Y & Northern. See N Y Cent
N Y Ont & W 1st g 45_June 1092Reg $5.000 Only.. ....June 1992General 45 1055
N Y & Putnam. See N YC &FTN Y & Rock Beach. See Long IsN Y Susq & Western. See ErieNorfolk Sou 1st & ref A 5s 1061Norfolk & South 1st g 55_1941Norfolk & West gen g 65_ __ _1931Improvem't & ext g 65..._1934New River 1st gold 65_ _ 1932Nor & W Ry 1st con g 45 1996A
Registered 1996Div 1st dr gong 45 1944J10-25-year cony 45 193210-20-year cony 45 1932Convertible 43-45 193810-year convertible 6s 1929Foca C & joint 45 19413
Belo N & E 1st gu g 45_ _ 1989Northern Ohio. See L Erie & WNorth Pacific-Prior 48___ _1997
Registered 1997General l len gold 35__Jan 2047
Eaglbtated Jan 2047
9,000
32,0001
2,00011,000
154,00092,00081,000497,000
1,330,000342,000165,000147,000
5,057,000
141,0005,000
287,00048,0001I
96,000,6,000 35,0001,000
29,0003,000
171,000244,000
1,000
28,00046,0001
3,000/
15,000
8,0001,000
1,000
73,0006,000
27,00029,0006,000
64,000 7,0005,000 56,00028,00033,000
398,000
2,000 208,000 6,000 1,000
75,000
1,097,000
11,000
35,000
39,000
42,00024,000
213,000
10.000
325,00020,0008,000
371,000
233,000
Bid. Ask.
97 98100
2234 232734 28 Sale 17% 19%
82 8470% 71%96 Sale03% 65
98% Salo106% Sale79 Sale86% Sale
74% Sale
84% Sale77% 70% Sale
70
84%
78% 65% 6680 82% 89% 76M, 79%
894 Sale895% Sale
77 90% 9434
82 86 76 8534 867254 74%
95% 77% 101% 99% 71% 7565 7558 8534
9834
102% 99
79% Sale77 Sale
84 8781 Sale83 Sale
39 42
4034 41%4134 Sale38 Sale58 Sale
4055 51% 5680 60 3334 Sale
26 45
679 6862 666158 63%
50 Sale79% Sale105% 106104 Sale10334 Sale86%
83% 83% 75 90 905 10334 Sale84 9282% 84%
85 Sale825% 6034 605%
Bid. Ask.
100 105100%
3934 4134305% 4234
83% Sale78% Sale99% 99%70 Sale
103% Sale106% Sale84% Sale88 Sale
77% Sale 76% 77
90% Sale80 9072% 74
70% 73 75%
71 7488%
80% 79% 8031 89% 95% 803-4 8134
79 9434 94319234 9334
8334 84%97% 97%
87% 73 Sale80% 90% 9176% 77% 80
97% 84 107 109%99% 79 70 72 7588
91% 99%
97% 105% .99% 83 Sale80
88 85% Sale88%
52% 61 1%5134 Sale
53 Sale57 Sale56% 59%52 Sale83% Sale
51 Sale 54 54%
75% 69 Sale66% 67%8231 •72 56% Sale
67% 41%
76% Sale
68% Sale
6931 69%87% 107 108%10834 107% 108%89 Sale
88 100 100% 108% Sale85 86%86% 88
87% Sale825-i 863163174 Sale
Sale Prices.
100 May 6
38 May 17
45 May 1033% May 24
8331 May 17634 May 129994 May 1169 May 11
10134 May 10105 May 268231 May 178534 May 1795 May 11
7634 May 2572 May 58834 May 889 May 273 May 2
73 May 172 May 23
78% May 24747% May 5935% May 12915% May 111
8031 May 2288% May 20
78% May 16
83% May 17
99% May 383 May 24
89% May 17
8131 May 1080 May 5
86% May 1184 May 889 May 4
52 May 26034 May 4525% May 257 May 158 May 25131 May 580 May 11
51 May 1525% May 37734 May 2569 May 1655% May 23
545-4 May 5
47 May 8
73% May 25
68% May 1
67 May 1188 May 13
86% May 26
86 May 11
1075% May 17853% May 1687 May 4
86 May 16
6134 May 31
Sale Prices.
10034 May 23
40% May 2
45 May 1033% May 24
86 May 280 May 29100 May 1571 May 22
10334 May 2107 May 2847% May 19034 May 49634 May 1
775% May 17634 May 12905% May 189 May 275 May 13
7434 May 672 May 23
8034 May 187934 May 4943% May 31927% May 6
80% May 2391 May 3
78% May 16
84% May 9
99% May 383 May 24
8934 May 17
85 May 2680% May 26
89 May 486 May 289 May 4
5534 May 362 May 354 May 359 May 159% May 553% May 248434 May 22
52% May 2358 May 1180 May 2669 May 168% May 5
59 May 10
54% May 11
77 May 1
70 May 2
69 May 38834 May 17
89 May 1
86 May 11
109 May 388% May 2387 May 4
89 May 2
635% May 2
Sale Prices. II
97 Jan. 4 100 Apr. 3
2134 Jan. 3 2934 Feb. 21
253-4 Feb. 82134 Feb. 7
79 Feb. 257034 Jan. 109554 Jan. 36234 Jan. 17
98 Jan. 4105 May 267834 Mar. 7853% Jan. 319431 Apr. 5
86 Jan. 2480 Feb. 88834 Apr. 25106 Apr. 7110 Apr. 2688% May 2387 May 4
89 May 284 Jan. 964 Apr. 156034 Feb. 27
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 BONDS-STOCK EXCHANGE RECORD [VOL. 114.
BONDSN Y STOCK EXCHANGE
Sales inMay.
Par Value
Price aboutJan. 31922.
PRICES IN MAY. RANGE SINCE JAN. I.
May 1. May 31. Lowest. Highest. Lowest. Highest.North Pacific (Concluded.)Ref & imp 4%s serA____2047Ref & impt 6s, Series B__2047St Paul-Dul Div g 4s____1996N P-Gt Nor joint cony 63s '36St P & No Pac gen g 6s__1928St Paul dc Duluth 1st 58_ A931
let consol gold 4s 1968Wash Cent Ry 1st g 4s 1948
Nor P Ter Co lot g 63 1933North Wiscon. See C St P M&OOgd & L Champ. See Rutland
hio Ind & W. See CCC&StLOregon & Cal. See Sou Pac CoOre RR & Nay. See Union PacOregon-Wash let & ref 4s_ 1961Oswego & Rome. See N Y Cent
actflc Coast Co lot g 5s_ _1946acific of Missouri. See Mo Pac
Paducah & Ills let s f 4%s 1955Paris-Lyons-Nled RR 6s_ _ _ _1958Penn RR let 45 real est g 1923Consol gold 4s 1943Consol gold 45 1948Consol 4 jis 19601FGeneral Ois 1965General 58 196810-year secured 7s 193015-year secured Ois 1936Alle Val gen gu g 48 1942MDel tiv RR Bdg 1st gu g 4s '36
Pennsylvania Co-Gu 3%s coil tr rag ctfs 1937Gu 3s coil tr ctfs B 1941Gu g 3%s tr ctfs Ser C1942Gu g 3%s tr ctfs Ser D 1944Guar gold 15-25-year 4s .A93140-yr gu tr ctfs 4s Ser E 1952Cin L & N 1st con gu g 4E3_1942Clay & Mar 1st gu 4%8-1935Clay & Pitts gu g 4%s A 1942
Series B 4%s 1942Int reduced to 3%% 1942Series C 33s 1948Series D 3%s 1950
Erie & P gen gu g 350 B_1940Series C 1940
Or R Jr I ex 1st gu g 4%s_19411JOhio Connect 1st gu 4s 1943Pitts Y & Ash let con 5s 19271MTolW V & 0 1st gu 4%s A19314
Series B 4%s 19331JSeries C 4$ 19421M
P C C & StL gu g 4%s Ser A'401ASeries B guar 19421ASeries C guar 1942Series D 4s guar 1945Series E 33s guar gn 1949Series F cous 4s gu g 1953Series GI cons 45 guar_ 1957Series H cons 4s gu 1960Series I cons 4%s gu.... 1963Gen5sserA 1970J
Ch St L dr P cons g 55_ 1932Phila. Ball & W 1st g 4s_1943Sod Bay & So 1st g 5s1924 Sunbury & Lewis 1st g 48_1936JN S RR dc Can Co gen 4s '44'M
Pensacola & Atl. See Lou & NPoor & East. SeeCCCdt St LPere Marq-lst ser A 5s 1950
let ser B 4s 1 956Philippine Ry 1st 30-yr s f 4s 9371Pine Creek. Se eN Y CentralPitts C C & St L. See Penn CoPittsb Clev & Tol. See Bait AL 0Pitts Junction. See Bait & 0Pitts & Lake E. See N Y CentPitts McK & Y. See N Y CentPitts Shen & L E let g 5s 1940
First consol gold 5s 1943Pitts Y & Ashtab. See Penn Co
Reliding Co gen gold 4s_ __'_1997Registered 1997
Jersey Central coll g 4s__ _1951Atl City 1st con gu g 4s_ _1951Sag Tusc & H. See Pere Marq
I Jos & Or Isl let g 4s_ 1947St Law & Actin See N Y CentSt L & Cairo. See Mobile & OhioSt L Iron M & So. See Mo PacStLMBr. See TerRRAssn of St LSt Louis & San Fran (Reorg Co)
Prior lien 4s ser A 1950Prior lien 5s ser B 1950Prior lien Os ser C 1928Cum adj ser A 6s 1955Income ser A 6s 1960
St L & San Fr-Gen g 6s 1931General gold 55 1931St L& S F RR cons g 4s 1996South West Div g 15s 1947
KC Ft S dr M con g 6s 1928K C Ft B & M Ry ref g 4s_1936KC & M R & B let gu g 581929
St Louis South. See Ill CentralSt Louis Southw-lst g 4s_ _1989
2d g 4s inc bd ctfs ___Nov 1889Consol gold 45 1932let terml & unit 5s 1952Grays Pt Ter let gu g 5s 1947
St Paul & Duluth. See No PacSt P Min & Man. See Gt NorSt Paul & Nor Pac. See No PacSt P & Sioux C. See C St PM&OSAJcAP lst guar g 4s 1943Scioto Val & N E. See Nor & WSeaboard Air Line g 4s 1950Stamped 1950Adjustment tis Oct 1949Refunding 4s 19591st & cons 6s series A__ _1945Atl-Bir 30-yr let g 4s__May'33Caro Cent let cons g 4s_1949Fla Cent & Pen 1st eat 6s_'23
1st land grant eat g 58_1930Consol gold 5s 1943
J JJ JJ DJ JF AF A
Q MJ J
J J
J D
J J__ _ _M NM NM NA
JJ DA 0F A
SF A
M S F A J D J D A 0M NM NM N J .1A 0 A 0 M N F A J J J J
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] BONDS-STOCK EXCHANGE RECORD 23
i ,c);BONDS :-.) -4 Sales in 1 Price about
Jan. 3all Y STOCK EXCHANGE
•..a. v May.Par Value 1922. -
Seaboard Air Line (Concl.)- S Bid. Ask.Ga & Ala 1st cons 5s_Oct 19453 J 3,000 67 71%Ga Car & Nor 1st gu g 5s_1929 J J 4,000 85% 863iSeab & Roanoke 1st 50___1926 J J 1,000 87%
Sher Shr & So. See Mo K & T811 Sp 0 & G. See Atl Coast LIllo Car & Ga. See Southern.Southern Pacific Co-
ds g Cent Pac coll__Aug 1040J D,1,041,000 79 Sale
Convertible 4s June 1929 M 8,1,120,000 Convertible So 1934 J D 54,000 Cent Pac let ref gu g 4s_ _1919 F A 322,000 84% Sale
Mtg gu g 3%s ____Aug 1029 J D 5,000 85 86%Through St L 1st gu g 4s_'54 A 0 40,000 76% 77%
Gal 11 & San Ant let 5s_1931 M N 4,000 94 062d guar exten 5s 19313 J 2,000 89% 92
Gila V G & N 1st gu g 58_1924 M N 8,000 95 H E & W T let g 5e 1033 M N I 90
let gu g 55 redeem____1933 M N 2,000 881A H & Tex C let g 5s tat gu_1937 J j I 90% A & N W 1st gu g 5s 1941 J J 4,000 84 Nor of Cal gu gold 5s_ __ _1938 A 0 I 98 Salo
Ore dc Cal 1st gu g 5s____1027 J J 153,000 95% Sale
So Pac of Cal let cons 58_1937 M N 1,000 05% 101
El P Coast let gu g 4s____1937 J .1 - 3,000 86% 90
Tex & N 0 cons g 5s 10435 J 8,000 863,1 89
Bo Pac RR let ref gu 4s.1955 J .1' 725,000 84 84%
San Fran Term let 4s_ _ _1950 A 0 150,000 80% Sale
Southern-let cons g 5e 1904 J j 152,000 88 Sale
Dowd & gen 48, Ser A 1056 A O1,423,000 62% Sale
Devel & gen 6%s Ser A_ __1956 A 01,126,000
Mobile & 0 coil tr g 48_1038 ,1;./1 3 1g:900 66 66%Mom Div 1st g 58 mig? j j 19,000000, 8755
SaleMt L Div lot g 40 Ala Gt Sou let cons A 5e_1943 J D I. 88%
Atl dc Char A L lot A 4%s 1044 J J 7,000 87 89
let 30-year 5s Ser B_ _ _1944 J J 42,000 92 923,119483 j 5,000. 71% 73%Atl & Deny let g 40
Second 45 19483 J I 61Atlan & Yad let gu g 4e_1949 A 0 ,' 71% E T Va & Ga div g 5s____1930 J J I 95% 100
Cons let gold 5s 1956M N 1,000 93% E Ten reorg lien g 5s 1938M S 12,000 87% Georgia Midland let 3(3_1946 A 0 1;00000 90 585%% 58%Knox & Ohio lot g 6s_ ___1925 J JMob & Birm pr lien g 5s_ _1045 J J I 86% Mortgage gold 4e 1945 J J 1,000' 60%
R k Deny Deb 5s etpd_1927 A 0 03Rich & Mock let g 4s__ _ _1948 M N 1,0001 501 96
So Caro & Ga lst est 5%e_1920 MN 8,000 92 95%
Va Mid-Series E. 5s_ ___1926 M 8 93% Series F 55 1031 M 5 92%
General 5s 1936 M N 1,000 92% 98
Va & 8 W let gu 513 2003 J J 5,0001 81
First cons 50-year 5s_ _1958 A 0 8,000 72 75
W 0 & W let cy gu 4e_ __ _1024 F A 1,000 904 97
Spokane Intenaat let g 5s 1955 J J 71%
Ter Assn of St L lot g 4%8_1939 A 0A First cons g 5s_1894-1044 F AGen ref s f gold 4s 1053 J JSt L M Br Ter gu g 5s 1030 A 0
Texas & Pacific let g Ss__ 2000 J DSecond gold income 5s_2000 MarLa Div B L lst g 50 1931 J JW M W &NW lstgu 58_1930 F A
Tol & Ohio Cent-let g 5s_ A935 J JWestern Div let g 5s___ A935 A 0General gold 5s 1935 J DKan M 1st gu g 48 1990 A 0Second 20-year 5s 1927 J J
Tol St L & W-Pr I g 8%e_1925 J JFifty-year gold 4s 1950 A 0Coll trust 4s g Ser A 1917 F A
Certificates of deposit Tor II & B 1st g 4s 1946J 15lister & Del let con g 58_1928 J D
‘.0 First refund gold 4s 1952 A 0
Union Pac RR de hi gr g 4e_ _1947 J JRegistered 1047 J J
Ore Short Line let g 6s 1922 F AFirst consol gold 5s_ __ _1046 J j
Temp ells con 3s 1946 J
Guar refund gold 4s-1920 J D
Utah & Nor gold 5e 1926 J J
let extended 48 1033 J J
Vandalia consol g 4s 1055 F A
• Consol 40, Series B 1057 M N
Vera Cruz & gu g 43,48_1034 5 JVirginian Istilre Series A___ _1962 M N
abash let gold 5s 1939 M NSecond gold 58 1030 F A
Debenture, Series B. 6s_1930 J j
lst lien 50-yr g term 4 1954 J JDot & Ch Ex let g 6s_ _ 1041 JDes Moines Div let ‘f 40_ _1039 J JOmaha Div let g 31 s 1941 A 0Tol tic Chic Div Is g 40_1041 M 8
Wash Term let gu 3%s 1945 F Alet guar 40-year 4s 1945 F A
West Maryland 18t g 4e 1952 A 0West N Y & Pa let g 5s_ 1937 J JGeneral gold 4s 1043 A 0Income 5s 1043 Nov
Western Pacific let ife A_ 1946Cell 1946
Wheel & L Erie-let g 58_1926 A 0Wheeling Div let g 6s_ _ _ _1928 J JExton & impt gold 5s_ _ _1930 F ARefunding 4%s Ser A _ _ _1966 M S
Wh&LE1tR1stCong4el949MWinston-Salem S B let 4s_1960 J JWiscon Cent let gen g 45_ _ _1040 J J
Su & Dul Div As Tor lot 46_1936 M NStreet Railway Bonds
Brooklyn Rap Trans g 5s_ _1945 A 0Trust co ctfs deposit lot refund cony 4 go 2002 5 J
3-yr secured notes 7s 1921 5 JTrust Co cite deposit Do stamped
Bklyn Un El let g 4-58_ _1050 F AStamped guaranteed_ _ _1950 F A
Hinge Co El lot g 4s 1049 F AStamped guaranteed 1949,F A
993-4 May 22 953-1 Jan. 5100% May 16 100% May 1691 May 4' 90 May 696% May 16, 89 Jan. 1288 May 26' 83% Jan. 487% May 27 80 Jan. 1168 May 1 875% Jan. 496% May 1 61 Feb. 1100 May 31 9434 Feb. 175% May 3 66%, Jan. 994 May 12 89 Jan. 1080% May 2 73 Jan. 9 94% Mar. 2996% May 5 87 Jan. 697% May 11 91 Jan. 678 May 9 72 Jan. 10 60 Apr. 3 753% Feb. 10 I 93% Jan. 16
9734 May 4 93 Jan. 495 May 8 933-4 Apr. 1763 May 11 58 Jan. 9100% May 24 98% Jan. 10 I 73% Apr. 28
74% May 10 735% Apr. 12
66 May 898% May 2 1
198 May 1,93 May 982 May 595% May 9
93 May 2096 May 1182% May 294% May 2296% May 25
90 May 18
95 May 1692% May 24
83 May 1395% May 19x92% May 970 May 2
92 May 22 92 May 22623,1 May 5 6231 May 590% May 9 92 May 390 May 31 90 May 3193% May 1 9454 May 2981% May 13 87% May 2103 May 5 104 May 2
8734 May 31 87% May 31
Dm g 101 May 1102% May 26102 103% 100% May 11 103% May 190% Sale 915% May 16 92% May 398% 99% May 29 99% May 2991 93% 1 86% 87% i
85% 1
4234 45 42% May 23 47% May 896 Sale 95 May 1 97 May 297% Sale 97 May 8 98 May 186% Sale 86 May 4 8834 May 1
64% May 25 6634 May 596% May 25 9734 May 2578 May 23
1 8034 May 3
95 Feb. 294% Feb. 2007 Mar. 9
Highest.
Sale Prices.75 Apr. 191 Apr. 2995 May 3
94 May72992% May 31103% May/3188% May 2089% May 2487 Apr. 2598 Jan. 1698 Apr. 1798% May 2394 Apr. 2094% May 26943,1 Apr. 2598 May 231035% Jan. 1499% May 22101% Mar. 3192% Mar. 899% Apr. 789% Apr. 787% May 299631 Apr. 2268 Apr. 15100% Apr. 177514 Apr. 2794 Apr. 2880% May 29436 Mar. 2996% May 5100 Apr. 1778 May 960 Apr. 382 Apr. 2997% Apr. 1997% Apr. 2595 May 863 Feb. 1610034 May 2479 Feb. 575 Feb. 11
95% Feb. 209 Apr. 2097% Mar. 27
9534 Mar. 24 98 May 190 Mar. 28 93 May 9763% Mar. 2 82 Apr. 17943-4 Apr. 18 95% May 977% Mar. 24 775% Mar. 24
78 Feb. 1881 May 2385 Feb. 2567% Apr. 2898 Mar. 3180% May 3
8834 Apr. 2799% May 2963-4 Apr. 2591% Jan. 991% May 2969% May 1576 Apr. 1580 Apr. 2582 May 881 May 11
64% May 1563 May 1044 Mar. 888 May 10888%,6 AMpary. 210683% May 23
86 Apr. 21975 Feb. 1571% May
6
51% May 23
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
24 BONDS-STOCK EXCHANGE RECORD [VOL. 114.
Sales in Price aboutBONDS t- PRICES IN MAY. RANGE SINCE JAN. 1.t May. Jan. 3 N Y STOCK EXCHANGE Par Value 1922. May 1. May 31. Lowest. Highest. Lowest. Highest.$ Bid. Ask. Bid. Ask. Bid. Ash. Sal* Prices I Sala Pri• • Sale Prices. I Sale Prices.Chimgo Rys--lst 58 1927 F A 459,000 68 Sale 84 Sale 82% Sale 823j May 121 8434 May 1 67 Jan. 9, 85 Apr. 26Conn Ry & Lt-lst g 4348._1951 J J 623 7334 76 7334 75 Apr. 11 75 Apr. 11Stamped guar 430 1951 J J 634 74 743( 1 73 Apr. 10 75 Apr. 21Det United 1st cons g 4348_1932 J J 324,000 6531 Sale 83 Sale 83% Sale 8134 May 17 84 May 22 6334 Jan. 12 85 Apr. 22Hudson & Manhat ser A 58_1957 F A 626,000 844 Sale 8231 May 16 86 May 1 75 Jan. 4 8631 Apr. 25Adjust income 58 1957 1,470,000 6431 Sale 84 Sale 62 May 9 6434 May 1 4734 Jan. 4 6634 Apr. 24N Y &Jersey let 5s 1932 F A 5,000 9434 May 3 9531 May 15 92 Jan. 9 96 Apr. 21Inter-Metrop con 434s 1956 A 0 3,056,000 1031 Sale 1831 Sale 15 Sale 14 May 15 20 May 1 931Jan. 4 21 Apr. 25Trust Co certfs of deposit ____8,466,000 834 9 16 Sale 15 Sale 13 May 16 1834 May 4 7 Jan. 5 1831 Apr. 25Interboro R T 1st & ref 5s 1966 J"-i 8,284,000 5431 Sale 7034 Sale 6934 Sale 6934 May 31 753% May 8 54 Jan. 4 7534 May 8Manhat Ry (N Y) con g 48_1990 A 0 90,000 5734 Sale 6634 70 68 Sale 6734 May 9 70 May 8 5734 Jan. 3 70 Apr. 26Stamped tax exempt A 0 2,000 58 Sale 6734 May 18 6734 May 18 5734 Jan. 6 675% May 182d 48 2013J D 1,000 465% 55 Sale 62 65 55 May 1 55 May 1 483 Jan. 12 57 Mar. 3Manila Elec 1st & con 5s___1953 M S 6434 80 84 77 80 6434 Jan. 11 7434 Mar. 27Market St Ry 1st cons bs__1924 M S 284,000 82 Sale 913% Sale 8931 Sale 89 May 31 9134 May 1 81 Jan. 5 92 Apr. 135-year coil tr 6s 1924 A 0 77,000 8295 Sale 94 May 8 95 May 1 9131 Feb. 1 9731 Apr. 12Met St-B'y & 7th Av 58__1943 J D 4,000 5034 65 67 65 67 6534 May 27 67 May 16 50 Jan. 4 67 Apr. 26Col & 9th Av 1st gu g 5s__1993 M S 55,000 14 25 Sale 203% 24 2034 May 22 25 May 11 1734 Feb. 15 25 May 11Lex Av & P F 1st gu g 58_1993 M S 9,000 36 48 49 48 49 48 May 24 4834 May 26 39 Jan. 11 50 Apr. 21Milw El Ry & Lt cons bs___1926 F A 9634 97 Refunding & ext 4348____1931 J J 2,000 79 85* 82 86 May 5 86 May 5 7931 Feb. 16 86 May 5General & refund bs 1951 J D 1.000 79 85 8234 9634 May 3 9634 May 3 7434 Mar. 22 8531 Apr. 20Mont Tram 1st & ref A 5s__1941 J J 76,000 78 82 8731 Sale 8634 8734 May 4 884 May 17 83 Jan. 5 8834 May 17
Mr Orl Ry & Lt gen 4340____1935 J J 43 8734 88 60 few York Rys 1st Ar ref 48_1942 J J msg r 26 40 Sale 41 43% 40 May 1 4434 May 3 2534 Jan. 4 44X May 3Trust Co certfs of deposit____ - 5 2531 3834 Sale 40% 41 3834 May 1 44 May 3 24 Jan. 4 44 May 3Adjustment income bs_1942 A--0 781,000 9 Sale 13 13% 9 May 1 15 May 5 5% Jan. 11 15 May 5Trust Co certfs of deposit__ _ 725,000 5 534 9% Sale 1034 10% 9% May 1 14 May 2 5 Feb. 25 14 May 2A Y State Rys 1st cons 4340 1962 mli 39,000 6134 Sale 72 Sale 66 693( 6534 May 29 7234 May 1 6134 Jan. 3 7234 May 1Portland Ry 1st & ref 5s___1930 M N 3,000 8034 88 Sale 87 88 87 May 1 88 May 1 81 Jan. 11 88 May 1Port Ry L & P cony 5s___1942 F A 116,000 77 795% 8531 Sale 80 8931 8734 May 3 90 May 4 7834 Jan. 9 90 May 41st & ref Ser A 7348--1946 M N 34,000 103 Sale 105 105 Sale 105 May 2 106 May 19 102 Jan. 4 106 May 19Portland Gen Elec 1st 58_...1935 J J 93 90 8834 et Paul C Cable cons 138._ _ _ _1937 J J 8534 8834 Third Ave 1st ref 4s1960 J J 94,000 58 585.5 67 Sale 6534 Sale 64 May 25 67% May 12 5o34 Jan. 7 68 Apr. 25Adjustment income 58_1960 A 0 1,302,000 453% Sale 6034 Sale 6134 Sale 60 May 5 6231 May 10 4434 Jan. 5 623( May10Third Ave RR 1st gold 5s__19373 J 1,000 85 8834 93 96 9334 96 96 May 24 96 May 24 88 Jan. 7 96 Apr. 29Tri-City Ry dc Lt 1st s f 5s__1923 A 0 159,000 96 9631 100 10034 100 10034 9934 May 17 10031 May 9 96 Jan. 11 1003% Mar. 29Undagr'd of London 4548_ _1938 J J 70 76 76 73 Jan. 27 73 Jan. 27Income 68 1948'.1 J 55 605% 605% 60 Jan. 27 6434 Feb. 28Un Rys Inv-58 Pitts iss___1926 M N 254,000 7831 Sale 8634 8734 8634 863% 8534 May 24 87 May 5 75 Jan. 4 88 Apr. 21United Rys St L 1st g 4s___1934 J J 12,000 5134' Sale 6134 5934 6034 60 May 8 6034 May 6 5134 Jan. 3 6034 Apr. 2869% 52 St Louis Tran gu imp 58._1924 A 0 12,000 58 57 May 10 58 May 25 57 May 10 58 May 25VIrin1a Rv & Pow 1st 58_1934 J J 31.000 78 783( 79 80 7931 80 7931 May 29 8031 May 9 72 Jan. 25 8031 May 9as & Eiectrio Light Cos
Bklyn Edison Inc gen 58 A.1949 4421:000000 19000u 915% 94 Sale 9434 95 93% May 17 95% May 10 8934 Jan. 5 953, May 10General 63, Series B 1930:1"i 100 103 10134 Sale 101% May 3110334 May 9 100 Jan. 710334 May 9General 7s, Series C 1930 J J 5J,000 102 Sale 10531 Sale 10534 106 10531 May 1 10734 May 12 102 Jan. 3 10734 May 12General 7s Series D 1940J D 118,000 10634 Sale 10631 Sale 10734 Sale 10634 May 2 108 May 31 10634 Jan. 3 1084 Jan. 17Bklyn Un Gas Co 1st c g 58_1945 M N 45,000 90 94 96 9331 97 9434 May 11 96 May 6 8734 Jan. 10 96% Apr. 24Chic Gas & El 1st & ref 5s__1956 A 0 15,000 915% 9234 9634 9734 96 9634 9536 May 20 96 May 10 92 Jan. 9 97tg Apr. 11Columbia Gas & El 1st 5s__1927 J J 164,000 89 sale 9234 93 95 Sale 9234 May 1 9531 May 15 8831 Jan. 12 9531 May 15Stamped .1 3 71,000 89 8934 923 Sale 95 Sale 923% May 3 95 May 18 88 Jan. 24 95 May 18Consolidated Gas cony 78_1925 Q F 1,043,000 10334 Sale 11534 Sale 11634 Sale 115 May 11 11831 May 6 103 Jan. 31 11834 Apr. 20Detroit City Gas Co g 58_ __1923 .1 J 13,000 925% 9834 995 9934 99 May 3 9931 May 16 9631 Mar. 11 9931 Apr. 27Detroit Edb:on Co 1st 5s1933 J J 34,000 9331 9631 9936 98 9834 98 May 10 99 May 18 9434 Jan. 18 9934 Apr. 12let & ref 58 Series A19 90 Sale 95% Sale 95 95 955% May 29 9634 May 4 8931 Jan. 6 97 Apr. 27let de ref es sex B__ July 194400 M M 3 13. 72,000
242,000 100 Sale 103 Sale 10231 10234 101% May 22 1033% May 2 9934 Jan. 10 10334 Mar. 24Duquesne Lt 1st & con 6s serA'49 J J 431,000 101. Sale 10434 Sale 10331 Sale 102% May 8 104 May 2 100 Jan. 6 107 Apr. 29Debenture 7148 1936J .1 167,000 10634 Sale 105 May 1910734 May 22 105 Apr. 310734 May 22Empire Gas & Fue17%s_ _1937 MN 1,121,000 985% 983% 9834 Sale 98 May 16 9831 May 1 98 May 16 98% May 1Havana Elec Ry cons 1 5s_1952 F A 330:000000 9707Y Sale 88 89 89% 90 84 May 6 90 May 29 7731 Jan. 3 90 May 99Hudson County Gas 1s bs__1949 M N 3.000 8434
13,000 107
87 88 87 May 3 90 May 13 85% Jan. 20 90 May 13Kings Co E L & P g 5s____1937 A 0 97 96% 9631 May 16 9631 May 16 9131 Apr. 15 9631 May 16Purchase money 68 1997 A 0 111 11134 11234 111 May 3 1113% May 15 10634 Feb. 28 1113% May 15Convertible deb (Ss 1925 M 5 98 10634 10534 93 Mar. 22 10531 Apr. 27Ed El Ill Bkn lst con g 48_1939 J J 45,000 81 82 8331 8434 82 May 3 8331 May 16 8134 Jan. 5 9734 Feb. 17Lae Gas L ref & eat 1st 58_1934 A 0 23,000 90 Sale 933% Sale 9234 Sale 91 May 6 933% May 1 8434 Mar. 2 9334 May 1Milwaukee Gas Lt 1st 4s1927 M N 14,000 8731 89 925% 9234 91 9231 91 May 25 923% May 3 8734 Jan. 12 923% May 3N Y Edison 1st & ref 634s w 11941 A 0 521,000 10634 Sale 10931 Sale 1093% Sale 109 May 25 11031 May 9 1053% Jan. 301103% Apr. 11N Y Gas El Lt H & P 5s___1948 J D 102,000 94 Sale 97% Sale 97% 9834 9734 May 1 99% y May 20 92% Jan. 9 99 May 20Purch money coil tr g 48_1949 F A 68,000 7734 Sale 823% Sale 81 8234 8134 May 18 83 May 3 76 Jan. 7 8334 Apr. 3Ed El Ill 1st cons g 5s____1995 J J 19,000 9534 10054 985% 10034 May 3 10134 May 15 9734 Feb. 16 10168 May 15Pacific Gas & Elec-Cal G & ECorp unifying & ref 58_1937 M N 58,000 9354 945% 955% Sale 9534 96 94 May 6 9534 May 15 93 Jan. 9 953% Apr. 17Pacific G & E gen & ref 5s__1942 J J 301,000 88 Sale 9134 Sale 91% Sale 91 May 25 9231 May 3 8631 Feb. 28 9231 May 3Pacific Pow dr Lt 1st & ref Ss 1930 F A 40,000 81 88 9131 Sale 9031 92 91 May 23 9231 May 16 873% Jan. 5 94 Apr. 4Paterson dr Passaic G&E 58.1949 M S 8436 8534 91 88 00 People's Gas & C-let 68_1943 A 0 12,000 10134 sale 1(cp ln 104 106 104 May 25 10436 May 16 101% Jan. 12 10434 May 16Refunding gold Bs 1947 M S 33,000 87
91 90 May 16 92 May 6, 85 Jan. 9 92 May 6Ch Gas L & C lst gu g 58_1937 J .1 1,000 90 92 95 95 95 May 15 95 May 151 89 Jan. 31 95 May 15Consum Gas Ch 1st gu g bs '363 D 2,000 8734 92 80 92 May 13 92 May 13 92 Apr: 19 92 Apr. 19Mut Fuel Gas 1st gu g 58_1947 M N 78 8836 90 Phila Co cony deb bs g1922 M N 9934 100 9934 9934 Jan. 5 100 Jan. 21Stand Gas & El cony s f 6s__1926 J D 7,000 93 9634 9534 9636 943% 953% 953% May 15 97 May 15 9334 Mar. 16 97 May 15Syracuse Ltg Co 1st g 58_1951 J D 79 86 8934 92 85 Mar. 7 86 Jan. 31Syracuse Lt & Pow s f 58_1954 J J 76 83 833% i Trenton' Gas & Elec 1st 5s__1949 M S 8231 8531 8534 Union El L & P let g 6s____1932 M S 8,000 84349234 933% 9234 May 4 9434 May 11 9131 Apr. 4 9434 May 11Refunding 5s1933 M N 5.000 8034 84 9034 90% 91 90% May 8 9434 May 11 8734 Mar. 6 9434 May 11United Fuel Gas 1st s f 68_1936 J J 3,000 93 9634 945% 963% 9534 Sale 953/s May 17 9636 May 31 9231 Apr. 18 97 Jan. 9Utah Power & Lt 1st 5s.._..1944 F A 271,000 893% Sale 92 9234 9134 91% 91 May 12 933% May 20 8834 Jan. 10 95 Apr. 8Utica Elec L & P 1st s f 58 g_1950 J J 8534 9134 9234 Utica 0 & El ref dc ext 5s__1957 J J 81 8631 885% Westchester Light gold 58__1950 J D 85 95 94 99 9436 97 Miscellaneous BondsAdams Express coil tr g 4s_ _1948 M s 36,000 75 76 75 7634 7534 Sale 75 May 2 7634 May 25 75 Jan. 7 78 Apr. 17Alaska Gold M deb es A___1925 M 5 5,000 8 1331 934 13 934 1234 934 May 9 11 May 5 9 Feb. 17 1234 Apr. 110-year cony 68 Ser B___
8_1926 M S 8,000 8 10 8 10% 9 10 9% May 24 9% % May 24 6 Feb. 1 10 Mar. 24Am Wat Wks & Elec coll 5_1934 A 0 129,000 793,4 Sale 88 Sale 79 May 12 8231 May 19 70 Jan. 6 8234 May 19Armour & Co let real est 430 '39 J D 180,000 8734 Sale 9134 Sale 89 8934 89 May 29 92 May 3 8634 Jan. 10 94 Apr. 18Atlantic Fruit cony deb 78 A 1934 J D 387,000 25 Sale 4034 Sale 42 4278 4034 May 13 47 May 1 2336 Jan. 12 4834 Apr. 12Atlantic Refg deben 6348 _ _ _ 1931 M S 201,000 10334 Sale 1033,4 104% 10334 1033410334 May 19 104 May 4 10234 Mar. 11 105 Feb. 8Braden Copper coil tr s f 68_1931 F A 227,000 9334 Sale 9834 9934 9834 9834 9834 May 2 994 May 18 93 Jan. 4 995% Apr. 25Bush Terminal 1st 48 1952 A 0 4,000 75 7936 75 85 80 84 7734 May 23 82 May 29 7734 May 23 8554 Jan. 24Consol bs 1055 J J 42,000 8634 Sale 9034 Sale 9036 91 90 May 22 9231 May 10 8234 Jan. 5 9234 May 10Buildin_gs 5s gu tax ex__ _ _1960 A 0 88,000 86 86x
895% Sale 90 9234 89 May 17 92 % May 5 86 Jan. 5 9236 May 5Cerro de Pasco Copp cony 881931 J .1 799,000 11334 Sale 11534 Sale 12134 Sale 11431 May 1 12434 May 29 111 Mar. 1 12434 May 29Chic Un Stat 1st gu A 4%8_1963 .1 J 106,000 8834 Sale 92 93 9034 May 29 92% May 9 875% Jan. 4 93 Feb. 211st (ctfs) 634s series C___1963 J J 82,000 112 Sale 114% Sale' 0034 91 11231 May 22 11434 May 4 11194 Jan. 3 115 Mar. 10Chile Copper cony 78 1923 M N 80:0 99% Sale 102% Sale 113% Sale 102 May 2 107% May 18 99 Jan. 5 10754 May 18Col trust 68 cony sex A 1932 A 0 1,960,000 8434 Sale 91 Sale 10636 Sale 90 May 9 92 May 18 84 Jan. 3 92 May 18Comnuting-Tab-Rec s f 68_1941 J 68,000 915% Sale 94 9034 913% Sale 933% May 13 9734 May 17 9134 Jan. 10 9734 May 17Granby Con M S & P 1st 05_1928 M N 2,000 8234 90 8534 95 9734 90 May 23 00 May 23 87 Feb. 8 90 Mar. 23Cony deben 88 1925 M N 2071:998 85 88 97 Sale 8834 97 May 17 102 May 31 86% Jan. 6 102 May 31„ Great Falls Pow 1st 8 f 5s___1940 M N 11, 34 91% 86 97 102 Sale 97 May 8 98 May 12 94% Jan. 23 98 May 12Holland kmerica Line 6s_ _1947 M N 91% May 12 93 May 24 9134 May 12 93 May 24lint for Irrig Wks &c 4546_1943 M N 92146:801 20 315% 92H Sale 9972M% Sale 44 May 29 4736 May 4 31 Feb. 6 47 May 4Int Mere Marine 1st s f 68_1941 A 0 1,285,000 90 Sale 9834 Sale 9791 Sale 96 May 12 9954 May 3 89 Jan. 4 9936 May 3Invincible Oil s f 8s 1931__1931 M S 183,000 8334 84 9634 Sale 98 9834 953'g May 15 986 May 31 8434 Jan. 0 98 Aug. 31Marland Oil s f 8s ser A 1871832:,000000000 97 97% 10534 Sale 97% 101 9734 May 210034 May 19 93 Apr. 7 100 May 191931 A ()
do do with warrant attach_ 91 96 9736 105 May 9 111 May 27 90 Jan. 10 111 May 27Mexican Petrol of Del 8s_ __1936 M -N' 100 Sale 10531 Sale 107 10734 105 May 4 10734 May 27 99 Jan. 3 10734 May 27Montana Pow 1st & ref s f bs A J J 223,000 9334 Sale' 9534 Sale 96 Sale 9534 May 9 97 May 19 93 Jan. 4 97 May 19Morris & Co 1st s f 430_1939 J J 651:00000, 80 85 87 87% 8534 8734 87 May 5 8734 May 4 78 Jan. 28 873% Apr. 27N Y Dock 60-year gold 48_ 40
1951 F A 76 7834 Sale 7834 Sale 775% May 24 7934 May 2 7514 Feb. 17 7936 Apr. 27snag Falls Power 1st 5s____1932 J J : 904% Sale 98% Sale 97% 100 95% May 9 100 May 11 94 Jan. 4 100 May 11Refunding & gen 6s__Jan 1932 A 0 29000 10
2,000 92% 95 102% 103 103% 104 10234 May 4 104% May 19 1015% Mar. 7 10434 May 19Hag Lock & Ont Pow 1st 581954 M N 945/8 953% 945% May 12 945% May 12 94 Feb. 2g 953,4 Apr. 12
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] BONDS-STOCK EXCHANGE RECORD 25
BONDSY STOCK EXCHANGE
Sales inMay.
Par Value
Prses aboutJan. 31922.
PRICES IN MAY.
North States Power 5s A...1941 A 0lat dr ref 6s Series B 1941A 0
Ontario Pow N F 1st 5s 1943 F AOntario Transmission 55-1945 M NPan-Am Pet & T 1st lien 78..1930 F APierce 011 Corps f 8s 1931 J DProd & Ref Corp 1st 85 1931 J DPub Ser Cor N J gen 50-yr 5s '59 A 0Sinclair Cons Oil cony 730_1925 M N
15-year 7s 1927 M SStand 011 of Calif deb 7s Jan 1931 F ATennessee Cop 1st cony 68..1925 M NTide Water 011 6%s 1931 F AUnion Tank Car equip 7s 1930 F AWasn Wat Pow 1st 30-yr 58_1939 J JW Penn Pow 7s 1946 F AWilson & Co 1st a f 68 1941 A 010-year cony f 6s 1928J D10-year cony s f 730 1931F A
Manufacturing & industrialAjax Rubber 1st 8s 1936 J DAm Agr Chem 1st cony 58...1928 A 0
1st ref s f 7%s 1941 F AAm Cotton Oil deb 55 1931 M NAm Smeltg & Ref ser A 58..1947 A 0Am Sugar Ref 6s 1937 J JAm Writing Paper s f 7-13s...A939 J JAtlas Powder cony 730 g 1936 F ABaldwin Loc Wks 1st a f 55_1940 M NCanadian Gen Elec Os 1942 A 0Central Leather 20-yr g 58..1925 A 0Central Foundry 1st s f Os.. .1931 F ACorn Prod Ref gold 5 f 58-1931 M N
1st 25-year 5 f 5s 1934 M NCuba Cane Sug cony 75.___A930 J JCony deben stamped 850_1930 J J
Cuban-Amer Sugar 1st coil 881931 M JDiamond Match s f deb 73.01935 M NDistillers' S C cony 1st g 5s 1927 A 0E I du Pont Powder 430_1936 J Ddu Pontde Nemours & Co7301931 M NFisk Rubber 1st s f 88 1941 M $Frameric Ind & Dev 20-yr 730 '31General Baking 1st 25-yr Os 1936 J DGeneral Elec deb g 3s.. 1942 F ADebenture 5s 1952 M S20-year deb Os 1940 F A
Goodyear Tire & Rub s f 85_1941 M N10- rdebsf 8sMa 1931F A
Int Agric Corp 1st & coll tr 58 '32 M NInternat Cement cony 85.. _ _ _1926 J DInternat Paper-Cony 55 Ser A '47 J J
1st & ref sf 5sSerB 1947J JKayser & Co 7s 1942 F AKelly-Springfield Tire 8s 1931 M NLiggett & Myers Tob 7s 1944 A 088 1951F A
(P) Lorillard Co 7s 1944 A 0as 1951F A
Manati Sugar 7%s 1942 A 0Nat Enam & Stpg 1st 20-yr 55 '29 J DNat Starch 20-year deb 5s 1930 J JNational Tube 1st 58 1952 M NN Y Air Brake 1st cony 6a 1928 M NPackard Motor Car 8s 1931 A 0Porto Rico Am Tobac 8s....1931 M NSharon Steel Hoop let 8s 1941 M SSo Porto Rico Sug s f 7s 1941 J Dstandard Milling 1st 5s 1930 M NSteel & Tube gen f 7s ser C_1951 J JTobacco Prod 10-year s f 7s_1931 5 DUnion Bag & Paper 1st s f 5s 1930 J JUnited Drug cony 8s 1941 J DU S Realty & Impt deb g 58..1924 J JU S Rubber 5-yr sec 75 1923 J D
1st & ref 5s series A 1947J1930 F A10-year 7%s
U S Smelt Ref & Mg cony es 1926 F AVa-Car Chem 1st 15-yr 5s 1923 J DCony deb s f 6s____May 1924 A r?i12-year s f 73s 1932 M
Western Elec 1st 5s Dec 31_1922 .1 jWestingh'se E & M 75 1931 M NWickwire Spencer 7s 1935 J jCoal. Iron and Steel BondsBeth Steel 1st ext s f J J
1st & refund 5s gu ser A-1942 M N20-yr pur & m imp f 5s 1936 J JCons 30-yr s f 63 ser A.. _ _1918 F A
Buff & Susq I 5s 1932J DCol Fuel & I Co gen s f tis 1943 F ACol Indus 1st coil tr 58 gu 1934 F AConsol Coal Md 40-yr 5s 1950 J Dniinots Steel deben 4%s 1940 A 0Indiana Steel 1st 55 1952 M NLackaw Steel let cony 5a 1923 A 0
is; cons 5s Series A 1950 M SMidvale St & Ord cony s f 55 1936 M SOtis Steel 20-year 8s 1941 F APocahon Con Coll 1st s f 5s_1957 J JRepub I & S sink fund 5s_1940 A 0et L R Mt & Pac 5s stmp'd_1955 J JTenn C I & RR gen 58 1951 J JU S Steel Corp a f g 5s__Apr 1963 M NVa Ir Coal & Coke 1st g 50..1949 M NTelegraph and TelephoneAm Tel & Tel coil trust 45 1929 J JConvertible 4s 1936 M20-year convert 430 1933 M S30-year coil trust 56 1946 J D7-year convertible 65 1925 F A
Bell Tel of Pa-lst & ref 78_1945 A 0Cent Dist Tel 1st 30-yr 5s_1943 J DChicago Telephone 1st 513_1923 .1 DCommercial Cable 1st g 40..2397 QCumb T & T 1st & gen 58_1937 J JMich State Telep 1st 20-yr 55 '24 F AN Y Tel let & gen s f 4345..1939 M N30-year deben 65 1949 F A20-year ref Os g 1941
Northwest Bell Tel let ser A 7s'41 F-APacific T & T 1st 5s 19375 JSouth Bell T & T 1st at 58_1941 J JWest Un-Coll tr cur 513_1938 J JFund & rea est 4315 g 1950 M N15-year 6%s gold 1936 F A
Bid. Ask. Bid. Ask.9Sale 91 Sale10031 1013110031 10196% Sale 9631 • 963185% 85% 100 Sale 101 Sale993% Sale 102 Sale107% Sale 112% Sale84% Sale 833% 8331104% Sale 104% Sale993% Sale 99 Sale107 Sale 105 Sale 99% 99341023% Sale 101311023%103 103% 103 1033195% 96% 97103% 9831 Sale 98 Sale913% Sale 92% Sale104% Sale 103% Sale
Lowest. Highest.
Sale Prices.91 May 181003% May 2596% May 18102 May 899% May 1799% May 5106% May 183 May 15104 May 1299 May 23104% May 3197 May 101013% May 3110231 May 2496% May 231033% May 2395% May 2791% May 1103% May 31
Sale Prices.93 May 4101% May 596% May 8103 May 810134 May 31102% May 31112% May 3185% May 1106% May 3100% May 2107 May 198% May 19103 May 1104 May 496% May 23104% May 17100 May 695% May. 9106 May 8
RANGE SINCE JAN. 1.
Lowest. Highest.
Sale Prices.88 Feb. 798 Jan. 2090 Jan. 1179 Jan. 59434 Jan. 309831 Feb. 2799 Feb. 873 Jan. 398 Jan. 79831 Apr. 10104% May 3192% Jan. 9100 Jan. 5102% May 2495 Feb. 201033-1 Mar. 2593 Jan. 4843% Jan. 2894% Feb. 9
Sale Prices.93 Apr. 1710131 Apr. 2998 Apr. 1979 Jan. 5100% May 9102% May 31112% May 3185% May 1106% May 31003( Apr. 20107% Jan. 1699 Feb. 17103% Jan. 16104 May 496% May 23104% May 17100 Apr. 1795% May 910734 Apr. 26
10031 Sale 10231 102% 10031 May 1 103 May 8 99 Mar. 8 103 May 895% 95% 94% 97% 94% May 13 963% May 24 8134 Jan. 28 9831 Mar.31104% Sale 1033% Sale 102% May 12 104% May 1 100 Jan. 4 105 Apr. 2687 Sale 903% 91 87 May 1 93 May 13 81 Jan. 17 93 May 1392 Sale 923% Sale 91% May 4 93% May 20 8631 Jan. 6 93% May 20100 Sale 1003% Sale 100 May 1 101 May 6 9734 Feb. 17 101 May 685 Sale 87% 88 85 May 1 88 May 6 80 Mar. 8 88 May 610634 10734 108 106% May 10 1073% May 29 102% Mar. 6 10734 May 291013% 107 10131 107 1013% May 10 102 May 9 99% Jan. 4 102 May 910231 Sale 10131 May 24 10231 May 2 10131 May 24 1023% May 3197% 98 98 Sale 97 May 22 99 May 31 9331 Jan. 7 99 May 3182% 93% 84 85 84 May 2 88 May 13 76 Feb. 11 88 May 13 9534 99 May 4 99 May 4 95 Apr. 24 99 May 4983% 99% 98% 9934 983% May 20 100 May 10 96 Jan. 3 100 Jan. 2585 Sale 843% 85% 823% May 15 86 May 29 60 Jan. 4 87 Mar. 1384% 85 84 8431 82 May 11 90 May 19 5434 Jan. 3 90 May 19105% Sale 106% 1073% 104% May 16 106 May 26 10131 Jan. 3 105% May 21073% Sale 107% 10831 107% May 18 108% May 4 107 Mar. 24 11031 Jan. 1045 46 46 Sale 41 May 9 46 May 31 34 Jan. 31 5334 Apr. 1785 87% 85 90 8731 May 3 87% May 3 87% May 3 8734 May 3106% Sale 107% Sale 10331 May 3110731 May 27 103% Jan. 6 108 Apr. 261065% Sale 106% 10631 105 May 4 10731 May• 11 99% Jan. • 9 1073% Apr. 15100 Sale 98% Sale 98% May 27 10031 May 1 98% May 27 10231 Apr. 1797 9934 97 Apr. 17 97 Apr. 1778 7934 77 Sale 77 May 4 78% May 20 703% Jan. 5 793% Mar. 109931 Sale 100% 101% 99 May 8 101% May 27 95 Jan. 3 100% May 25106% Sale 104% Sale 1045% May 27 106% May 1 103 Jan. 3 108 Apr. 5116 Sale 115 Sale 114% May 4 116% May 8 1103-1 Jan. 3116% Mar. 9103 Sale 102% Sale 102 May 20 103% May 18 9731 Jan. 10 1033% Apr. 2180% Sale 79 797% 78% May 11 8234 May 19 72% Jan. 28 8231 May 19109 Sale 1115% 1133% 109 May 1 114% May 24 102 Jan. 28 114% May 2488% Sale 87% Sale 853% May 15 88 May 3 8331 Feb. 25 8831 Apr. 2786 8631 86% Sale 833% May 11 87 May 27 8331 Feb. 21 87 Apr. 24102 Sale 1033% 104 102 May 1 105 May 11 102 May 1 105 May 1110834 Sale 108% Sale 10731 May 25 109 May 1 101% Jan. 5 10931 Apr. 24113% 114% 11334 11331 11331 May 16 114% May 3 112 Jan. 4 11531 Jan. 319631 Sale 97% Sale 95 May 12 9731 May 27 9131 Jan. 9 97% Apr. 27114% Sale 113 11334 113 May 12 114% May 3 112 Jan. 5 116 Mar. 16.943% Sale 96% 9634 94% May 12 9634 May 22 9231 Jan. 3 96% May 22100 Sale 100 Sale 100 May 1 100% May 2 100 Apr. 10 100% Apr. 1196 96% 96 May 17 96 May 17 9231 Jan. 5 97 Apr. 1788% 91 94 100 Sale 99% 99% 98% May 5 99% May 1 945% Jan. 10 100 Apr. 111005% 100% 1003% 100% May 12 101% May 22 97 Mar. 4 101% May 2210634 Sale 107 10734 106 May 2 1073% May 9 98 Jan. 10 1073% May 9100% Sale 102 104 100% May 1 102% May 26 99 Mar. 2 103% Jan. 3199% Sale 9931 Sale 9831 May 4 993% May 15 93 Mar. 2 100 Apr. 1399% Sale 98% 99 98% May 29 101% May 8 94 Feb. 9 101% May) 896% 97 96% Sale 96 May 29 97 May 4 96 Jan. 18 97% Jan.t2310034 Sale 101% Sale 100% May 1 102 May 5 95 Mar. 16 102 May* 510131 Sale 103% Sale 101% May 1 104 May 16 9731 Feb. 10 104 Mayi16101 10431 102 1043% 10431 May 3 104% May 20 8831 Jan. 12 104% May 20107% 10831111% Sale 107% May 9 112 May 27 104 Jan. 3 112 May 279534 95% 96% Sale 95 May 3 97 May 22 92 Jan. 4 97 May 2210131 101% 102% 10231 101% May 11023% May 23 10031 Jan. 10 104% Apr- 1, 589 8931 8934 Sale 89 May 2 90 May 3 86 Jan. 4 90 May 3108 108% 10734 Sale 107 May 8 1093% May 16 103% Mai. 1 1093% May 16993% 100 102 103% 9931 May 1103% May 19 96% Jan. 30 103% May 1999 Sale 997% 100 98 May 9 10134 May 17 93 Jan. 4 101% May 1796 96% 9934 100 9534 May 3 99% May 18 9334 Jan. 9 99% May 1898% Sale 105% Sale 9831 May 110531 May 29 9034 Feb. 15 105% May 2910034 Sale 10031 Sale 100 May 9 100% May 24 99 Jan. 4 10034 Apr., 5107% Sale 106% Sale 106% May 29 108 May 3 105 Jan. 4 108 May11 399 Sale 99% 100 9734 May 11 103 May 19 96 Apr. 3 103 Mayil9
98% Sale 98% 99 9834 May 2 99% May 9 94 May 23 100 Apr. 2096% Sale 95% Sale 94 May 23 9734 May 2 89% Jan. 10 983% Apr. 189334 Sale 9231 Sale 9131 May 29 94 May 4 86 Jan. 5 9434 Apr. 259831 Sale 98% Sale 98% May 31 9931 May 16 98% May 11 9934 May 1683% 88% 8934 90 8931 90 893% May 5 91 May 3 82 Jan. 18 91 May 377 78 76% 77 77% May 25 79 May 8 71 Jan. 21 79 May 888% Sale 87% Sale 87% May 17 88% May 1 86 Feb. 17 89 Feb. 891% Sale 90 90% 91 May 11 92 May 1 8634 Jan. 5 93 Apr. 2499% Sale 98% 99% 99% May 24 100 May 15 963% Jan. 9 101 Apr. 20993% Sale 99% 100 998% May 1. 100 May 16 9331 Jan. 31 100 May 1689% Sale 003% Sale 88 May 1 92% May 12 82 Jan. 3 92% May 1289% Sale 9iyi Sale 89% May 2 92% May 15 83 Jan. 3 92% May 15102 102% 101% Sale 101% May 31 103 May 9 96% Feb. 18 103 Apr. 1992% 93 8634 May 18 863% May 18 8634 May 18 91 Feb. 993% Sale 95 Sale 9334 May 1 97 May 11 90 Jan. 7 97 May 1187% Sale 82% 86% 82% May 23 87% May 1 78 Jan. 4 87% May 196% 99% 97% 98% 97% May 18 99 May 9 97 Jan. 17 99 Jan. 18102% 103 101 Sale 101 May 9 103 May 1 99% Jan. 5 104% Apr. 2092 Sale 92 96 00 May 18 98% May 5 87 Jan. 6 9831 May 5
91% Sale 903% Sale 90% May 17 91% May 1 863% Jan. 4 9131 Apr. 2186 8631 8634 8734 86% May 2 86% May 17 803% Jan. 13
86%yM
17101% Sale 102 102% 100 May 8 10231 May 31 95% Jan. 10 103 Apr.a 2698% Sale 97 Sale 96 May 11 99% May 2 9134 Jan. 4115 Sale 115 Sale 114 May 15 115% May 27 108 Jan. 4 176 03 Alypar. 2210834 Sale 1073% Sale 107% May 12 108% May 6 10734 Feb. 25 109 Jan. 17983% 99 98% 9934 98% May 5 993% May 10 9734 Jan. 31 993% May 1099% 100 99% 99 May 18 99 May 18 98 Feb. 16 9934 Apr. 287334 74 72 723% 73% May 12 7431 May 3 72 Feb. 11 75 Apr. 794 Sale 933% 94 9334 May 12 9434 May 4 8834 Jan. 18 9431 May 498% 99 98% Sale 98 May 13 988% May 4 943% Jan. 3 99 Apr. 18023% Sale 9431 Sale • 9231 May 2 9431 May 17 8831 Jan. 6 943% May 17105 Sale 105% Sale 105 May 1 106 May 8 101% Jan. 6 106 Apr. 1710434 Sale 1043% Sale 104% May 1105% May 8 101% Jan. 3 1051% May 8106 Sale 1063% Sale 10631 May 10 107 May 1 105% Apr. 211083% Jan. 1396_8 Sale 95 97% 96 May 11 98 May 4 917% Jan. 5 98 May 493% Sale 9434 Sale 93% May 1 96 May 18 91% Apr. 4 96 May 189834 Sale 99% 9834 May 1 100 May 6 90% Jan. 12 100 May 693 Sale 916% 923% 91 May 11 943% May 3 88% Jan. 4109 Sale 109% Sale 109 May 1 110% May 4 106% Jan. 3 411%
Feb. 9'1
a On the basis of $5 to the g sterling. I) On the basis of four marks to one dollar. a First installment paid. d Full paid. a Part paid. a Optionhale. y Bonds "when issued." x Flat price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STOCKS-STOCK EXCHANGE RECORD [VOL. 114.
STOCKS-PRICES AND SALES FOR MAY AND THE YEAR TO DATE.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. Option sales are disregarded.
Buffalo & Susquehanna 100 500 66 67 83 Preferred v t c 100 100 48 48%
Canadian Pacific 100 38,900 278,200 120% Sale 142 SaleCanadian Southern_ _ _ _100 25 346 48 51 60Central RR of N J____100 500 1,518 185 192 180 190Chesapeake & Ohlo....100 15,900 162,700 55% Sale 65 SaleChicago (IG Alton 100 74,100 205,685 4%, 6 954 Sale
Preferred 100 22,686 82,066 654 9 18 Sale
Chic & East Ill RR (new)_ 94,000 314,500 13% 14% 33% SalePreferred (new) 25,800 146,000 33 3454 56% Sale
Chicago Great West..__100 43,200 116,165 6% Sale 9% SalePreferred 100 28,100 137,500 1634 Sale 23 Sale
Chic Mllw & St Paul_ 100 56,400 322,250 1834 Sale 27% SalePreferred 100 72,200 467,894 3234 Sale 44% Sale
Chicago & North West.. 100 33,000 758,170 6334 Sale 75% SalePrefc-red 100 2,000 23,700 102 Sale 109 Sale
Chic Rock Isl & Pac__ _100 179,600 2,036,030 32% Sale 45% Sale7% preferred 100 6,100 54,500 84% Sale 96 Sale6% preferred _100 8,200 44,800 72 Sale 8234 SaleMc St P Minn & Om_100 2,200 42,627 52 54 62 Sale
Preferred 100 100 9,550 82 87 98 Clev Cin Chic & St L__100 6,200 22,100 54% 56 65 Sale
26 Sale23% Bale57% Sale78 80100% 1101434 Sale6% Sale67% Sale
9054 Sale80 Sale88 9483% Sale
32% Sale2734 Sale
19 Salez10731,Sale74 7876% Sale37 5042 Sale14% Sale3451 Sale78 Sale69 Sale
138 14235% Sale8934 Sale
Sale Prices.1634 May 944 May 1199 May 1190 May 12% May 9
100 May 114554 May 1160% May 1221% May 119 May 159 May 2
Sale Prices.16% May 947% May 1710134 May 391% May 204% May 22
105% May 3151% May 3161% May 2428% May 3124% May 3168 May 25
138 May 11 14334 May 2252 May 4 52 May 4z184 May 10 188 May 1564 May 11 69% May 29734 May 11 123% May 2615 May 11 2034 May 25
32% May 1 39% May 854% May 13 59 May 58 May 10 10% May 2720 May 11 2434 May 2924% May 11 zni, May 2241% May 11 45% May 2273% May 11 76% May 31109 May 1 113 May 1842% May 10 4634 May 2294% May 19 98 May 2980% May 12 84 May 2962 May 1 6854 May 6963% May 23 9834 May 56434 May 2 70 May 268734 May 11 89 May 22
47% May 1261 May 11
120% May 2115 May 3
4% May 118% May 25
12% May 1120% May 1114% May 117354 May 1138% May 914% May 1335 May 12103 May 1567 May 3
%May 292 May 164% May 169 May 9
26 May 1157 May 127%, May 5
16% May 133 May 1760% May 10
117 May 1049% May 197% May 835 May 960% May 1220% May 9148 May 311% May 1159% May 9
10% May 511% May 917 May 538% May 1120% May 821 May 122% May 1354% May 11
12% May 55% May 1665% May 12
88 May 1167% May 577% May 673 y,. May 1
27% May 326% May 11
17 May 11105% May 1176 May 974% May 15
40% May 1612% May 1729% May 374 May 467% May 973% May 1
33 May 488 May 5
51 May 2362% May 22
126 May 22129% May 22
5% May 410% May 26
18% May 2327% May 2320% May 2378% May 2941% May 1319 May 2240 May 22107% May 167 May 3
1 May 253% May 18% May 110 May 1
Sale Prices.10 Jan. 327R Jan. 2691 Jan. 384 Jan 3% Jan. 14
83 Jan. 93334 Jan. 275234 Jan. 276 Jan. 45% Jan. 2750 Jan. 495 Apr. 2782 Mar. 1346 Mar. 14119% Jan.51 Feb. 14184 Mar. 3154 Jan. 101% Jan. 24354 Jan. 25
Sale Prices.20% Mar. 65151 Mar. 24102 Apr. 20918% Apr. 225% Apr. 17
10551 May 3151% May 316154 Apr. 1728% May 3124% May 3168 May 2595 Apr. 2785 Mar. 2746 Mar. 14145 Apr. 1753 Jan. 31192 Feb. 1769% May 299% Apr. 1020% May 25
39% May 859 Apr. 2810% May 2724% May 2929% Apr. 1847 Apr. 1876% Apr. 201.13 May 184834 Apr. 2098 May 2984 May 29684 May 698% May 570 May 2690 Apr. 186554 Feb. 1837 Jan. 265354 Apr. 246134 Apr. 1157 Ann 17126 May 22129% May 2206% Mar. 29
Apr. 251034 Apr. 1820 Feb 918% May 2327% May 2320% May 2380% Mar. 14456% Apr. 1319 May 2240 May 22109% Apr. 1867 May 371 Jan. 231 May 255 Apr. 812% Apr. 811 Apr. 29
3034 Apr. 255954 Apr. 20925 JAapnr
. 299
28 May 3145% May 2767% May 29
121% Apr. 2555% May 3103.' Mar. 135051 Apr. 1165% Apr. 632 Apr. 10157 May 241434 Apr. 287134 Feb. 276930
34 JAapnr 147
14 May 2314% May 2419% May 224334 Apr. 282234 Apr. 2828% May 2225% Apr. 659% Apr. 177854 Mar. 2
44% May 25319.4 Apr. 2852 Apr. 2232% May 2250 May 2610 Apr. 15143/1 Apr. 1593% May 29253% Apr. 26599-4 Apr. 2436 Apr. 21253% Apr. 2518% Feb. 341 May 4131% Feb. 348 May 1353% May 3188 Apr. 1314294 May 31767% Apr. 211974 Apr. 11365-4 Apr. 1114% May 263434 May 2624 May 261234 May 2921 Apr. 2924% Apr. 24643-4 Apr. 2114 May 2926 May 313331 Mar. 13
69 Mar. 29193% Apr. 2450 Apr. 125731 Mar. 28188% Apr. 25% May 10134 Apr. 29
116 May 18
703/ Sale 6534 May 11 723-4 May 25 553% Jan. 3 723% May 15
10834 10934 1075% May 110074 May 26 101 Jan. 3 10934 May 26
4934 Sale 4734 May 11 503-4 May 2 373% Jan. 4 52 Apr. 22
95 98 973% May 16 9934 May 3 8634 Jan. 5 100 Apr. 21
71 Sale 693% May 31 71 May 31 66 Jan. 25 71 Apr. 31
393-4 Sale 3731 May 18 4031 May a 2931 Jan. 3 417% Mar. 10
66 Sale 64 May 18 6874 May 1 56 Jan. 16 7034 Mar. 13
70 Sale 70 May 31 71 May 1 58 Jan. 3 7734 Apr. 7
5134 55 52 May 20 52 May 20 52 Jan. 12 54 Mar. 3
4674 Sale 38 May 12 4734 May 31 3134 Jan. 3 4734 May 31
75 85 61 Jan. 11 72 Mar. 9
463/8 Sale 43 May 11 4831 May 3 3131 Jan. 31 49 Apr. 11
59 Sale 59 May 31 6231 May 4 51 Jan. 4 63% Apr. 22
10731 110 105 May 3 10738 May 22 985-4 Jan. 18 107% May 22
48 Sale 4534 May 11 497-4 May 2 3231 Jan. 5 503-4 Apr. 11
10594 Sale 10434 May 8 106 May 17 9331 Jan. 3 10734 Apr. 25
1643-4 Sale 15634 May 1116434 May 29 141 Jan. 10 16434 May 29
12031 11934 May 5 12034 May 17 11534 Jan. 6 12034 May 17
11% Sale 1134 May 25 14 May 3 7 Jan. 27 14 May 3 25 Mar. 2 37 Apr. 20
3031 Sale 249-4 May 1 3034 May 31 1931 Jan. 10 303-4 May 31
61 Sale 50 May 1 61 May 31 41 Jan. 11 61 May 31
57% 6 534 May 11 634 May 18. 4% Jan. 13 63-4 Jan. 23
135 138 13534 May 16 14034 May 112734 Feb. 1 14334 Apr. 22
153-4 Sale 143.4 May 10 163-4 May 19 12 Jan. 18 1734 Apr. 13
72 Sale 6534 May 11 73 May 31 58 Jan. 3 73 May 31
10934 Sale 101 May 11 112 May 26 78 Jan. 12 11434 Mar. 22
88 Sale 80 May 3 923.4 May 26 72 Jan. 13 9234 May 26
493% Sale 4231 May 11 493-4 May 22 3834 Jan. 5 493% May 22
13% Sale 11% May 2 1314 May 19 93-4 Jan. 16 133-4 May 19
93 9631 9534 May 10 953-4 May 10 957-4 May 10 9594 May 10
399-4 Sale 3234 May 12 407-4 May 31 295% Jan. 10 4034 May 31
59 Sale 5374 May 10 60 May 31 537% May 10 60 May 31
1145% Sale 11134 May 111173% May 21 102 Jan. 511734 Apr. 22
1157-4 116 116 May 111691 May 91 112 Jan. 12 118 Mar. 13 I 123-4 Mar. 18 13 Mar. 28
99 100 93 May 1110334 May 19, 82 Jan. 30 1039.4 May 19
7 Sale 634 May 11 79-1 May 11 33-1 Jan. 31 85% Apr. 6
2434 Sale 163.4 May 11 2494 May 31, 574 Jan. 3 2491 May 31
927-4 9334 923-4 May 1 93 May 23 87 Feb. 8 93 Apr. 12
66 Sale 5474 May 11 6734 May 19, 433-4 Jan. 6 6794 May 19
98 .Sale 9631 May 16 99 May 23 8634 Jan. 4 99 May 231
13631 Sale 132 May 111363-4 May 31, 1093-4 Jan. 3 138 Feb. 16
9296 943-4 May 6 943-4 May 6 957% Apr. 24 9574 Apr. 24
38 Sale 37 May 11 39% May 1 30% Jan. 26 4094 Apr. 2496,2 99 98 May 26 100 May 3 91 Feb. 8 100 Apr. 24
79 Sale 7234.May 11 797-4 May 31; 543.4 Jan. 4 797% May 31
106 108 101 May 1 106 May 29 84 Jan. 3 106 May 29
453-4 Sale 32 May 12 47 May 29 2331 Feb. 14 47 May 29
70 Sale GO May 1 70 May 29 5231 Feb. 18 71 Jan. 16
583-4 60 GO% May 3 62 May 11 54 Feb. 25 70 Mar. 22
12334 Sale 1213.4 May 11 1333% May 23 11434 Jan. 4 1335% May 23
14434 Sale 1368/4 May 1114594 May 29, 1293-4 Jan. 5 1453-4 May 29
1023-4 Sale 10034 May 12 103 May 23, 9634 Jan. 3 103 May 23
142 Sale 1343-4 May 11 14234 May 311126 Jan. 3 14234 May 31
12 13 1134 May 4 1334 May 21 6 Jan. 7 14 Apr. 17
78 83 80 May 10 80 May 10 67 Jan. 4 84 Apr. 13
31 32 293% May 4 3234 May 1 173.4 Jan. 4 327% Apr. 12
90 9134 89 Feb. 21 95 Jan. 21
11 9434 May 5 7831 Jan. 10 953% Apr. 17
106 May 1110674 May 6 102 Jan. 11 108% Mar. 8
33 May 1 3534 May 22; 22 Feb. 18 3734 Apr. 15
17% 8 May 11 20% May 18; 12 Jan. 3 20% May 18
43% May 3 4831 May 19, 36 Jan. 18 48% May 19
51n May 11 57 May 311 47 Jan. 31 57 May 31
1 15 Feb. 20 15 Feb. 20
1 12 1% 1 May 4 13% May 261 % Jan. 7 274 Mar. 14
56% Sale 537 May 12 5734 May 11 43 Jan. 5 57% Mar. 17
81% Sale 8034 May 16 8234 May 13 75 Jan. 6 8334 Apr. 19
82 83 83 May 22 86 May 9 76 Jan. 17 86 May 9
124% Sale 119 May 113534 May 3 99 Jan. 31 135% May 3
494 Sale 3% May 18 434 May 24 2% Jan. 3 5% Apr. 17
407% Sale 34 May 1 43% May 29 243% Jan. 31 43% May 29
30 Sale 2334 May 1 31% May 29 1634 Feb. 28 3134 May 29 21 Jan. 10 2374 Feb. 9
1060 1100 1090 May 2 1145 May 1 900 Mar. 7 1145 May 1
114% 115% 114 May 181153% May 26 113 Jan. 9 117 Feb. 8
I
9231 Sale 896% May106 107%34 Sale20 Sale47 Sale565
%Sale
14 16
1,450
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
10 1552 Sale116 120103 1099774 9818% Sale22 Sale% Sale
60 Sale98% Sale65% Sale103% Sale76% Sale10134 102%100 106165% Sale
Lowest.
Sale Prices.125 May 1218% May 12434 May 184 May 24% May 212 May 311331 May 1110931 May 1549 May 9
Highest.
LRANGE SINCE JAN. 1.
Lowest. Highest.
42% May 831% May 121 May 2
35 May 4
73% May 1676% May 1694 May 161114 May 116 May 2
10% May 872 May 2226 May 111053% May 252% May 1
100 May 3
45 May 1189 May 124 May 11
z1.3134 May 195 May 25
39 May 1196% May 136% May 1126 May 1228% May 1112% May 1177% May 115434 May 1195 May 17% May 158 May 1113% May 114% May 1883 May 436 May 1168% May 1136 May 1145 May 1
Sale Prices. Sale Prices.12634 May 20 120 Apr. 292234 May 4 1394 Feb. 1632 May 31 934 Jan. 58931 May 31 68 Jan. 948% May 1 334 Jan. 31431 May 2 14 Jan. 10120 May 2 9334 Jan. 13113 May 27 104 Jan. 13548% May 31 40 Jan. 19 89 Mar. 165431 May 1 19% Jan. 1638 May 1 1931 Jan. 9134 May 25 34 Jan. 14
50 May 10 33 Apr. 28 101 Jan. 1779 May 12 51 Jan. 108231 May 12 5534 Jan. 3100 May 3 9031 Mar. 7114 May 12404 Jan. 4734 May 3 49-4 Jan. 10 34 Mar. 1414 May 31 834 Jan. 976 May 18 58 Mar. 23631 May 31 1931 Mar. 17110 May 5 100 Jan. 33 May 26 % Apr. 19
11231 May 29 70 Jan. 31
52% May 199134 May 234% May 1
138 May 498% May 3
47% May 2997% May 18% May 192934 May 1833% May 1814% May 480 May 163% May 3197% May 811% May 2764% May 3115% May 25% May 188 May 141% May 3174% May 3140% May 2651 May 18
Sale Prices.1263-4 May 2022% May 432 May 3180% May 317 Mar. 171534 Mar. 16120 May 2113 May 2754% May 3196 Mar. 165634 Mar. 2839 Mar. 271% Mar. 2450 May 10101 Jan. 1779 May 128234 May 6101 Apr. 15114 May 129% Feb. 1036 Mar. 814 May 317654 Apr. 1536% May 31110 May 53 May 26
11234 May 29
52% May 199231 Apr. 174% May /
138 May 40931 Mar. 21116 Feb. 947 May 299754 May 1831 May 1934 Mar. 93394 May 181531 Apr. 1580 Apr. 256331 May 319831 Apr. 171138 May 2764% May 31163% Mar. 296% Apr. 2085 Apr. 2941% May 3174% May 3140% May 26.51 May 1889% Feb. 2
7134 May 11 763% May 2 47% Jan. 5 7934 Apr. 86434 May 16 6731 May 3 60 Jan. 14 71 Aim% 61894 May 11 2534 May 29 1534 Jan. 5 253/ May 292734 May 11 3234 May 29 253% Feb. 27 3234 May 2954 May 1 593-4 May 2 43 Jan. 11 6034 Feb. 394 May 15 05 May 11 85 Jan. 3 95 May 115534 May 5 7234 May 31 41 Jan. 5 7234 May 31307% May 3 37 May 18 24 Jan. 10 37 May 18106 May 3 106 May 3 1017% Apr. 18 106 May 386 May 11 897% May 8 6331 Jan. 4 8931 May 8431 May 11 5 May 1 134 Jan. 26 534 Apr. 26
163-4 May 15 1934 May 2 5 Feb. 9 2034 Apr. 25635% May 11 79 May 3 5534 Jan. 3 793 Apr. 262734 May 12 2934 May 22 1834 Feb. 10 3034 Apr. 1162 May 3 70 May 23 47 Feb. 16 70 May 23zji May 4 z% May 24 34 Feb.
114% May 11 120% May 6 85 Jan. 30 017 2 Mar. 16120 May 6
a 3
1234 May 31 14% May 19 12 Feb. 16 155 Apr. 2062 May 11 69 May 2 4594 Jan. 4 69 May 210394 May 4 10331 May 4 100 Feb. 11 104 Feb. 1172 May 10 75 May 31 66 Jan. 3 75 May 3199 May 9 10434 May 1 9134 Jan. 4 10834 Mar. 3114% May 23.117 May 10 111 Jan. 10 117 May 1041% May 11 4534 May 26 3131 Jan. 10 4531 May 263534 May 18 3534 May 18 29 Feb. 4 3531 May 18
6431 May 1 7734 May 13 5294 Feb. 27 7734 May 139134 May 1 95 May 2 80 Jan. 17 95 May 215 May 11 1734 May 22 834 Jan. 11 193% Mar. 1532 May 8 36 May 31 1534 Jan. 3 4094 Mar. 152031 May 11 25 May 31 1434 Jan. 3 2634 Mar. 1490 May 18 94 May 7834 Jan. 17 9431 Apr. 185534 May 1 6231 May 2 483 Jan. 10 655% Apr. 6203.4 May 1 22 May 31 1534 Jan. 13 233/, Apr. 267234 May 4 80 May 8 61 Feb. 9 80 May 810634 May 11087%May 22 10094 Jan. 111087% Mar. 2127 May 11 2931 May 27 1834 Jan. 4 2931 May 2720 May 2 26 May 2 20 Mar. 25 26 May 272 May 8 8134 May 13 80 Apr. 25 8134 May 13762 May 4 775 May 2 600 Jan. 9 800 Apr. 15 10531 Mar. 9 108 Feb. 14
75 May 23 7734 May 15 7534 May 23 7734 May 15115 May 27 119 May 31 115 May 27 119 May 318134 May 27 82 May 31 8131 May 27 82 May 31169 May 117334 May 5 125 Jan. 18 17934 Apr. 1542 May 16 4531 May 31 42 May 16 45 May 31119 May 11 22 May 31 1434 Jan. 25 22 Apr. 24 34 Mar. 23 36 Mar. 27
7 May 1 11 May 29 234 Jan. 4 11 May 292831 May 1 41 May 31 22 Jan. 18 4136 May 318031 May 11 853-4 May 31 7634 Jan. 10 8731 Apr. 19110 May 17 11294 May 4 104 Jan. 5 11234 May 415 May 13 2034 May 29 15 May 13 2054 May 297934 May 11 87 May 29 7631 Jan. 31 8731 May 2993 May 18 97 May 22 9134 Jan. 28 99 Jan. 14
Mg•12 May 13 1634 May 17 9 Jan. 3 1634 May 174134 May 11 5394 May 17 3734 Mar. 14 5334 May 17114 May 16 122 May 3 75 Jan. 5 12734 Apr. 20106 May 5 106 May 5 10031 Jan. 12 106 May 595 May 15 9831 May 24 7631 Jan. 5 9831 May 241731 May 11 1931 May 2 1194 Jan. 10 1934 Apr. 251634 May 27 223 May 31 1234 Jan. 24 22 AMay 31
3-4 May 5 4 May 4 % Jan. 3 134 Mar. 1660 May 3 6731 May 8 4594 Jan. 14 67 May 8
3497 May 19 9834 May 31 971 May 10 9831 May 315931 May 1 66 May 31 55 Jan. 20 67 Apr. 179434 May 0 104 May 31 90 Jan. 10 104 May 3170 May 11 7631 May 29 65 Mar. 3 7631 May 299994 May 1 102 May 23 94 Jan. 4 10234 Jan. 18102 May 11 105 May 17 10034 Mar. 18 105 May 17162 May 10 1663.4 May 10 136 Jan. 9 16634 May 10
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 19221 STOCKS-STOCK EXCHANGE RECORD 29
STOCKSY STOCK EXCH'OE
SALES TO JUNE 1.Price aboutJan. 31922.
PRICES IN MAY. RANGE SINCE JAN. 1.
InMay.
SinceJan. 1. May 1. May 31. Lowest. Highest. Lowest. Highest.
ParGen Motors Corp no par
Preferred 100SV debenture stock 100
7% debenture stock_100Gilliland Oil pref (8%)_100Glidden & Co no parGoodrich (BF) no par
Preferred __100Granby Cons M. S & P _ 100
Rights Gray' & Davis, Inc_no parGreene Cananea Copp- 100Guantanamo Sugar_no par'Gulf States Steel tr ctfs 100
1st pref erred 100Habirshaw El Cab ..no parHartman Corporation_ 100Haskell & Barker C_no par Belme (G W) 100 'Hendee Manufacturing 100-Homestake Mining_ _ _100Houston 011 of Texas_ _100Hupp Motor Car Corp_ _10Hydraulic Steel_ __ no par
Preferred 100.Indlahoma Refining 5'Indian Refining 10'Inspiration Cons Cop_ _20'Int Agile Corp v t c_ _100
Preferred v t c 100Internat'l Cement_ _no par'Inter Combust Eng_no par
Internat Harms, new _ .100Preferred, new 100
Internat Mere Marine_100Preferred 100
International Nickel_ _ _ 25Preferred 100
International Paper_ _ _100Preferred 100Preferred stamped.. _100
International Salt 100Invincible Oil Corp 50Iron Products Corp_no parIsland Creek Coal 1Island Oil & Tramp__ _ _1Jewel Tea, Inc 100
110631 Jan. 107934 Jan. 121263% Jan. 71115% Jan. 11265% Jan. 663 Jan. 41003% Jan. 6,10812 Jan 1019 Jan 7,
963.4 Mar. 30,10% Jan.267 May 22
Sale Prices.15 May 2282% May 2383 May 2295% May 2378 Apr. 618 May 2944% May 391 Apr. 2235 May 24% Apr. 21
19% May 3134% May 29145% Mar. 15903% Jan. 2097% May 113% Mar. 16
103 Mar. 1384% Jan. 18
25 May 2775 Apr. 1183% May 521% May 1712% May 3144 May 165% May 2610% May 264434 May 3111% May 4433% Mar. 1438% May 8285% Apr. 11
105 May 18112% May 127% May 387% May 3193% Apr. 2485 Jan. 2054% May 3100 Mar. 2371% Jan. 3
20 Apr. 335 Feb. 23111 Apr. 173 Jan. 2522% May 273% May 2646 May 317% Jan. 3
110 May 51153% Feb. 1647% May 81035% May 1553% May 585 May 3107% May 9111 Apr. 6106 Mar. 3139% May 31
24% May 4174 Jan. 31103% Jan. 19
813% May 1682 May 12353% Mar. 161723% May 31
Mar. 2Mar. 7
1175% May 25117 May 25185% Apr. 17143% May 3513% Apr. 1599 Mar. 9115 Apr. 241593% May 20115 Mar. 16215% Mar. 2393 May 9665% May 853 May 488 May 880 May 27
235% May 20843% May 22
52 Mar. 1380 Mar. 66931 Apr. 24423% Feb. 6
373% May 31263% Mar. 2235 May 2939 May 26
14 Jan. 4
83% Apr. 6
7434 May 1725 May 311225% May 3115 Apr. 22
141 May 3192 Apr. 18313% May 2916 Apr. 17453,4 May 1775 May 15
Apr. 28245% May 2934 Mar. 31963,4 Mar. 30214 Apr. 252695% May 29
I
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
30 STOCKS-STOCK EXCHANGE RECORD [WI.. 114.
STOCKSN If STOCK EXCH'GE
SALES TO JUNE 1.Price about
Jan. 31922.
PRICES IN MAY. I RANGE SINCE JAN. 1.InMay.
SinceJan. 1. May 1. May 31. Lowest. Highest. Lowest. Highest.
ParNational Biscuit 100
Preferred 100Natl Cloak & Suit 100Preferred 100
Nat Cond't de Cable no parNat Enamel & Stamp 100
Preferred 100National Lead 100Preferred 100
Nevada Consol Copper 5New York Air Brake 100New York Dock 100Preferred 100
N Y ShipbuildIng_no parNiag Falls Power pref _ _ 100 North American (new) _ _50Preferred 50Rights_
Nova Scotia Steel & G-100Nunnally Co _(The)_no parOhio Body & Blow-a0 ParOhio Fuel Supply 25Dkla Prod & Ref of Amer-5Ontario Silver Mining_100Orpheum Circuit Inc----1Preferred 100
Otis Elevator 100Preferred 100
Otis Steel no parPreferred 100
Owens Bottle 25Preferred 100
PacificDevelopment no parPacific Gas & Electric _100Pacific Mall SS 5Pacific Oil (no par)Pacific Tel & Tel 100
Pan-Amer Pet & Tr---50Class B stock 60
Panhan Prod & Ref_no parPanhandle P & R. pref_100Parish & Bingham__no parPenney (J C) Co pref__100Penn-Seab St v t c_ne parPeople's Gas L & Coke_100Philadelphia Co (Pitts)_50Phillips Jones Corp no parPreferred 100
Phillips Petroleum_no parPierce-Arrow Mot C no parPreferred 100
Pierce Oil Corp 25Preferred 100
Pittsburgh Coal (of Pa) 100Preferred 100
Pittsburgh Steel pref 100Pond Creek Coal 10Postum Cereal no par8% preferred 100
123% Sale112 Sale6 Sale7 Sale343% 3594 953133% Sale
Sale Prices.143 May 1611834 May 2739 May 17
23% May 1638% May 10889 May 892 May 1110931 May 151634 May 1174 May 183334 May 159 May 117 May 11
5731 May 114234 May --734 May 102554 May 1110% May 151094 May 1248 May 3%2% May 3
' 7% May 291934 May 1
90 May 11136 May 119734 May 121334 May 161 May 113534 May 4
934 May 56934 May 131334 May 176034 May 15634 May 16
613% May 1155 May 117 May 27
1134 May 169734 May 1010 May 1185 May 2338 May 983 May 298934 May 1941 May 111731 May 173534 May 179% May 175334 May 2561 May 169334 May 196 May 2019 May 1171 May 2%105% May I7631 May 1198 May 33531 May 14394 May 17
85 May 1134 May 1
11834 May 1138% May 11313% May 11101 May 23
99 May 91103% May 32334 May 115% May 1117 May 20
32% May 13
573% May 1631 May 4
% May 462 May 189 May 157% May 184534 May 29
70 May 54534 May 1111234 May 116134 May 17
1434 May 10334 May 919 May 103 May 10727 May 111025 May 161234 May 12834 May 1043% May 31303% May 1143 May 1077 May 2945 May 1190 May 311734 May 489 May 2122 May 1190 May 3110 May 11184 May 11115 May 1116318334 May 14534 May 4101 May 233734 May 11sog May 11
114% May 11109 May 1344 May 126 May 134 May 119434 May 10334 May 9
Sale Prices.157 May 1121 May 6423 May 23
33,1 May 154 May 29938% May 3196% May 311103j May 319 May 2980 May 140 May 29ow, May 292131 May 26
68 May 314434 May 29931 May 3137 May 3112 May 3121 May 350 May 163a may •19% May 22134 May 490 May 11143 May 599 May 171534 May 1365 May 133734 May 31
123% May 172 May 115% May 22693-4 May 463 May 23
72 May 316534 May 211034 May 8
1631 May 2499 May 1133-4 May 2488 May 64,034 May 2390 May 990 May 9573% May 31227% May 546% May 511% May 86134 May 6647% May 29534 May 2696 May 292234 May. 28134 May 311087 May 98034 May 11007 May 94794 May 314734 May 20
90% May 3% May 1
125 May 146% May 313434 May 11023% May 9
10434 May 31112 May 31283% May 1819 May 3119% May 3
3734 May 27
60 May 313834 May 182 May 87834 May 2995 May 311294 May 314634 May 2770 May 5473% May 19113% May 2966% May 3
157% May 4531 May 192134 May 24 May 28034 May 2910634 May 2145 May 1:11 May 1:48 May 337 May 254 May 127734 May 2453 May 2900 May 312134 May 1990 May 4125 May 1 ,909-4 May 15121 May 3196 May 31
May 490 May 254934 May 10106 May 4453% May 3156% May 31
124% May 27113 May 2663% May 183% May .38 May 23943% May 114 May 21
Sale Prices.1233j Jan. 4113% Jan. 426 Jan. 17
69 Jan. 5134 Jan. 1630% Jan. 1181 Mar. 785 Jan, 12108 Jan. 101334 Feb. 1657 Feb. 128 Mar. 105334 Mar. 2813 Jan. 3
79% Jan. 5100 Feb. 1733% Jan. 315 Mar. 2326 Jan. 39434 May 10334 Apr. 4
Sale Prices.157 May 11213( Apr. 264434 Mar. 188 Mar. 20434 Apr. 1354 May 29934 may 3196% May 3111334 Feb. 2319 May 2980 Apr. 2740 May 296431 May 2925 Feb. 28103 Apr. 2068 May 314434 May 2093%May 3137 May 31
3014 Apr. 1759 May 163 Apr. 29934Mar. 252134 May • 490 May 1114331 Mar. 3099 May 171634 Apr. 116634 Apr. 1538 Ann 1710031 Mar. 611 Apr. 2773 Apr. 26153 Feb. 20693/3 May 463 May 23
72 May 3165% May 311234 Jan. 2480 Mar. 2517 Apr. 1290 May 1133% May 2488 Apr. 264034 May 2310534 Jan. 393% Mar. 305714 May 312494 Apr. 2549 Apr. 1512 Jan. 1371 Jan. 3653% Apr. 2695% May 2696 May 2923g Aix.. 2581 May 31%109 Apr. 21833% Apr. 221007% May 9473% May 314734 May 20
9031 May 334 Apr. 21
1293-4 Apr. 2446% May 31383-4 Jan. 3
Apr. 252 1-16 Apr. 101043% May 3111534 Mar. 1728% May 1819 May 3121 Apr. 1569 Apr. 1242 Mar. 1473 Mar. 1463 Mar. 143834 May 18234 May 8
7834 May 20954 May 31123/ May 314631 May 2770 May 54854 Apr. 24
29664 May 3
15p May 46 Mar. 2124 Apr. 14 Apr. 118032 May 2910634 May 232334 Jan. 311 May 1848 May 33734 May 2254 May 12773/ May 24573 Mar. 392 Apr. 32134 May 1090 May 41253% Apr. 2791 Apr. 5121 May 310634 May 3111631 May 400 May 254931 May 10106 May 4453% May 3159% Apr. 12
124% MaY 27113 May 2663% Mar. 18834 May 539 Apr. 794 May 105 Mar. 14
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 19221 STOCKS-STOCK EXCHANGE RECORD 31
STOCKSN V STOCK EXCH'OE
ParTemtor C & F P cl A no parTenn Cop & Chem no parTexas Company (The)25Texas Gulf Sulphur 10Tex Pacific Coal & 011_ _10Texas Pac Land Trust _100Tidewater 011 100Tobacco Prod Corp.. .100
Preferred 100United Fruit 100United Paperboard Co 100United Retail Stores no parII S Cast Iron Pipe & F 100
Preferred 10013 Express 100
US Food Products_ 100S Hoffman Mach no par
US Indus Alcohol 100Preferred 100S Realty & Improvt_100
U S Rubber 1001st preferred 100
U S Smelt Refg & Mg__50Preferred 50
United States Steel_ ___100Preferred 100S Tobacco no par
Utah Copper 10Utah SecurAles v t c___100Vanadium Corp___ _no parVan Raalte, 1st pref___100Vs-Carolina Chernical_100
Preferred 100
Va Iron Coal & Coke_100Preferred 100
Vivaudou (V), Inc_no parVulcan Detinning 100Weber At Hollbroner no parWells, Fargo Express.. 100Western Union Teleg_ _100Westinghouse Air Brake 50West'gh E & Mfg assent 50
1st preferred 50Weyman Bruton.pfd_ .100White Eagle Oil & R no parWhite Motor 50White 011 Corp____no parRights
Sale Prices.1 May 251134 May 124634 May 1142 May 102734 May 11385 May 22133 May 1665 May 1192 May 131131 May 1240 May 314234 May 1
64 May 02134 May 12100 May 18105 May 1134 May 3147 May 20109 May 86834 May 1145 May 12
1383% May 12163% May 1503% May 11323% May 11673% May 1634 May 23434 May 112474 May 31473-1 May 1192 May 1564 May 16234 May 1110334 May 12383/2 May 114534 May 119634 May 111023411734 May 164534 May 246334 May 11163% May 1141% May 59234 May 32934 May 22683-4 May 29
50 May 171 May 181234 May 4
133% May 2676 May 259634 May 119434 May 196134 May 472 May 20
25 May 1147 May 11934 May 25
% May 2161/8 May 2734 May 338 May 174334 May 985 May 12156 May 11120 May 1250 May 1193 May 3747-4 May 1Rix,' May 5
Sale Prices.25% May 1123% May 195034 May 448% May 1931% May 4397 May 231373-( May 482 May 31106 May 312034 May 2245 May 13145 May 5
6831 May 224 May 6
z1027-4 May 51073% May 24134 May 3159 May 22114 May 24813-4 May 18463% May 31
144 May 3195% May 3713% May 2936% May 371 May 186% May 3184 May 325% May 2760 May 2597 May 277234 May 26673% May 21053/2 May 54534 May 2947 May 27
May 2211934 May 264534 May 2693% May 29197/8 May 453 May 1896 May 8358% May 5813/2 May 2
598% May 137234 May 614 May 8
163-4 May 179 May 20993-4 May 996 May 5633-4 May 373 May 1
27 May 550 May 412 May 5% May 2
2134 May 1210 May 294834 May 31478% May 18734 May 1516034 May 5120 May 125334 May 394 Maio 479 May 0citZ May 1
Sale Prices.1 May 2593% Jan. 1342 Mar. 273834 Jan. 423 Jan. 9315 Jan. 271093% Mar. 175731 Mar. 288 Mar. 273-4 Mar. 3
325% Feb. 1125 Feb. 23
1073-4 Jan. 1255 Mar. 251731 Mar. 49534 Feb. 25102 Feb. 625 Jan. 11130 Feb. 25z10434Feb. 28607-' Mar. 3413-4 Feb. 18
Sale Prices.4% Jan. 31123% May 195034 May 448% May 193174 May 4420 Mar. 20134 Jan. 382 May 31106 May 31203-4 May 22453-4 Apr. 4145 May 5130 Jan. 14715% Jan. 524 May 6103 Apr. 241073-4 May 24134 May 3159 May 22114 May 24813-4 May 18463% May 3132 Mar. 370 Feb. 27148 Apr. 41934 May 3713% May 29383% Mar. 1572 Apr. 1563-4 Mar. 4
103/2 Jan. 32574 May 2760 May 2597 May 297234 May 266734 Apr. 17106 Apr. 124534 May 2947 Apr. 510234 May 22120 Apr. 2646 Mar. 27693% May 291934 May 453 May 1896 Apr. 153634 Mar. 1382 Apr. 10
9434 Jan. 187234 May 614 May 8
17 Apr. 2485 Feb. 14993-4 May 9100 Feb. 2164 Apr. 1073 May 1
27 May 550 May 412 May 5% Apr. 12
217-4 May 1210 Mar. 29483-4May 314934 Apr. 26873-4 May 15167% Mar. 27120 May 125434 Apr. 395 Apr. 2479 May 99',6 Mar. 11
a Less than 100 shared. b Ex-rights. c Ex-div. and rights. e 1st paid. f Full paid. g 3d paid. I, Ex-stock dividend. J Quoted ex-dividend
during the month prior to ROI date. z Ex-dividend.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
32
GENERAL QUOTATIONSOF
BONDS AND STOCKS1. In the following thirty-three pages of tables quotations are given for all the more Important securities listed on any Stock Exchange In theUnited States; also for leading unlisted and inactive securities.2. Quotations from all Stock Exchanges are as near as possible for the closing day of the month preceding the date of issue. As the New YorkStock Exchange began with Jan. 2 1909 to quote all bond prices "and interest," we have adopted the same method and no longer employ a desi flitting mark to indicate the fact except where there is a deviation from this rule. The reader will understand, therefore, that unless the latter " 'Is prefixed to the price, he must pay accrued interest in addition to the price. This, however, does not apply to income bonds or bonds in default.In which cases the price includes the interest, should there be any.3. The letter "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 bondsin 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 that the quotations for many inactive and unlisted securities are merely nominal, but inall cases the figures are obtained from sources which are considered reliable.6. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for con-solidated, "cony" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional.7. The black-faced type in the letters showing the interest period indicates the month when the bonds mature.NOTICE.-All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
BondsA-
RAILROAD BONDSfonds of companies consol'd areWon under the consolidated name.Adirondack-See Del & HudsonAkron & Barb Belt g 45 '42_JADI la Gt South 1st as 'Dec '27_J&JGen M 53 Dec 1 1927 E__J&Dlit cons g as 1043 Ser A_JADBelt Ry of Chattle 1945_J&J
ills Midland-See Atl Coast Linilabama N Oil T & P June-"A" deb as g '40 red '10_MAN"B" deb g as '40 red '10_ Mdc N"C" deb g 58 Nov 1 1940_ Adz()
Alabama Tennessee & NorthernPrior lien 6s 1948 J&JGen income 6s Oct 1948
Albany & Susq-See Del & HudAllegheny Valley-See Penn RR(Oleg & West-See Buff R dr PAllentown Terms 45 1919Ext at 6% to 1929 J&J
alton Bridge-See St C M & StLAnn Arbor 1st g 4p lows_ 0-JEq tr 6s Jan 15 '22-'35_J&J15rocuttookNorthern-lieeStingor
Aroostook Valley-See CanadiaAsheville dc Spartanburg-S U &Col let M g gu 4s 1995_ _J&J
Atch & East'n Br-4s 1928_J&JAtchison Topeka & Santa Fe-Gen mort gold 45 1993_ _Adr0Adjustment 4s July 1 '95_NovStamped MAN
Cony g4s of '09 due'35 optJ ADCony g 4s of 1903 due '55 _JADCony g 4s 1960.. J&DEq tr 6s Jan 15 '23-'35_J&J15Trans S L 1st g 45 1988_ _J&JCal-Ariz lstArf 434s'62op M&S
Series B E Okla Div 1st g 4s '28_ MASHutch & So let g 58 1928_J&JRocky Mt Div 45 1963_J&JBan Yran & San Joaquin Vail-
let g 58 Oct 1 1940_ _ _A&OSanta Fe Prescott dr Phoenix
1st g Be 1942 M&SAtlanta Vim & Atlantic-Income Ss Nov 1 1930___ _ _Atl & Birm 1st g Ss 1934_JdcJ
Atlanta & Cheri A L-See SouthIt! Knox & Chi-See Lou dr NesAtlanta Knox', & Nor-See LouAtlantic & Dan-See South RRAtlantic City-See Reading CoA tlantic Coast Line Co of Conn-, Certs Indebt as irredeem J&D
Carts Indebt 45 1928____Jdc.1Atlantic Coast Line RR-
let cons 4s July 1 1982 M&SCol tr g is Oct 1 '52 op MANCony deb 48 '39 op '16 MANGen unit Ser A 4 Ae '64 J&D7% notes Mayl '3051.& NEq 6%8 Aug '22-'36 _ FAAEq6sJan 15 '23-'35_J&J itAlaMid-istgug5s'28MANAtlantic Coast Line of SC-Gen 1st g 48July '48_J&JN E of S C 643 1933_ _J&J
Brun & West 1st 48 '38_J&JChar dr Say gen 7s 1936_ J&JFla So 1st g gu 48 '43_ _J&JNor dr Car Se 1939 A&OPet'b'g-Class A asg'26Jdc.1
Class B Cs g 1926 A&ORich & Peters4As1940A&OSay Fla & W 1st g 611'34 Adc0
1st M g as 1934_ A&OWil & Wel gen g Se '35 .,J&JGen ruort g 48 1935_ _J&J
Atlantic & Yadkin-See SoutherAugusta South-See South Ry.Lag Term-See Charl & W CarAustin & Northw'u-See So Parrah Ches & Atian-See Pa RRMalt dr Cumb Val RR 68 '29_J&Jlax let M fin July 1931 _ J&J
Balt & Barrish-See West MdBaltimore & Ohio-
Prior lien 33.4s g 1925___J&J1st M 45 g July 1 1948_A&CCony 44s 1933 red 1923 WE:Ref & gen as 1993 Ser A_ _J& C10-ye 6s July 1929 _ _Fa 04s 1922-1923_ A,6,Eq tr Os '22-'35 (yr)__J&J15Pitt Jc&M div a%s g'258.4.11.r.Pittsb Lake Erie Ji W Va-
Refund gold 48 1941_ _MdchSW div 1st g 3%s 1925.. .,J&
Bid.
81948099,i82
1/841/751/ 72
8318
100
67%b 5.80& Aren Pac.
7590
88%82%817980%100%
65.50%85%91%
94%9081%
101
98%
1842
ern Ry.tivilleisv & N
9495
888278%86M,105M
65.40%b5.45%99%
8610588%11438197
10290108%98%98%90Ity
95
Ash.
98
898077
8825
102
695.40%
1310001i
898484817%81%101%,5.20%'85M,92%
82
100
2344
ashy
9798
88%82%80%88106%5.25%5.30%
88
91_8310099%10494
05
93% 93%.80% 80%*82 82%86% 87899% s100550% 5.15%
b 5.70 5.30%91% 92
70% 79%90% 91%
Bonds Bid,
Baltimore & Ohio (Concluded)-Central OhioReor 1st con g 448'30MarS 924
Ohio RivIIR-lst g 58'36.1AD • 96M,Gen gold So 1937 ____AA0 963'eHunt&BS 1st 6/1 1922_ _J&J
Pitts Cl A To! 1st 138'22..A&OPitts Junc-lot g 6s '22....J&J2d g as July 1 1922___J&J
Sch Riv East Side 48'25..J&DStaten Isl Ry 434s 1943_JADTol A Ciu div 4s 1959.. ..J&JW Vs A Pitts 1st 4s g '90A&O
Bangor & Aroostook-1st M 5s g Jan 1 1943____J&JCons refund g 4s 1951___J&JMedford Ext as 1937...... MANPiscat Div g 3s Jan '43__Adr0StJohnsRivExt gu 5s'39_FAAVan Bur Ex as g Jan '43A &OWashburn Ext 1st 63'39_ FAAAroostook Nor 3s g 1947A&ONor Maine Seaport as '35AA0
Battle Cr'k & Stur-See Mich CBeech Creek-See N YC A HBellingham Bay A British Col-
1st g 5s Dec 1 1932 J&DBell A Caron-See Illinois CentBelt RR A Stk Yds (Ind'pTs)-
ist ref g 45 1939 MANBelt Ry of Chat-See Ala Or SoBelvidere Del-See PermsylvaniBennington A RutI'd-See RutBig Sandy Ry-See Ches & OhioBin m Belt-See St L A San FrBirmingham A S E 68 1961 MANBin m Term 1st g 4s '57 gu_MASBolivia Fly 1st as 1927 _ __J&JBoonville St Louis dr Southern-
1st M 5s 1951 FAABoston & Albany 80 Oct '63 J&JSs June 1942 JAD58 July 1 1938 J&J43s July 1937 J&J45 May 1 1933 gu NYC_ MAN45 May 1 1934 gu NYC_ MAN40 May 1 '33 guNYC_MAN34s Jan 1 1931 JAJRef 34s 1932 gu NYC MO
Bost A Lowell 434s Feb '33_JAJ45 April 1932 AA0
Boston A Maine-4348 g '44J&J434s April 1 1929 AA°4s Sept 1 1926 MAS45 Feb 1 1937 FAA4s Aug 1942 FAA33.4s Jan 1923 Jdc.13s July 1950 J&JPortsGtF&Con 43-4s '37J& L)
Bos & NYAL-See NYNHAEIBoston Rev B & L 4340 '27_J&JBurns & W-See At Coast LineBuffalo Creek 1st as 1941 JA.1 85Buffalo Rochester & PittsburghGeneral as g 1937 MAS 100Con g 434s 1937 MAN 903Equip (is tier K 1923-'33_ FAA b5.35%Equip g 434s tier 1927_A&O b5.2570Equip 4s Ser 0 1929 A&O 65.2070Al A West 4s g guar 1998AA0 84%Clear A M lot as g gu '43_JAJ 93%Roch & Pittsb--
Consol 1st g Co 1922_ _JAD 1003(Buffalo A Southwest-See Erie.Buff A Susquehanna RR Carp-
1st 4s Dec 30 1963 J&J 74Burl Ced Rap&No-SeeCR1APButte Anaconda&Pac 5s'49 FAA 91%California N W as 1928 gu_A&O 97Cam & Clear-lst as g '41_ Ada 97Gen M g 4s 1985 FAA 783.
Cambria & Indiana-lot M gold as 1936 __MAN 98
Canada Sou fis 1962 ser A_A&O 97MCanadian National Rye-5s 1925 w I98%Eq tr 7s May 1 1935___MAN 109%
Canadian Northern-1st con deb 4s 1930 gu J&D30 S f deb 7s 1940 JAD 1123/iS f deb 6%s 1946 J&J 1113j6% coil notes 1924 FAA 100%Eq 434s various b 5.75Eq tr 6sJul'22-Jan'29SerBJ&J b 5.80Manitoba SE 1st 4s £ '29 FAAWinnipeg Term g 45'39 g_J&J 79
Canadian Pacific-Cons deben 45 perpetual_ _J&J 786% notes Mar 2 1924__M&B 2 101Eq tr 43.48 1922-1928___J&J b 5.43Eq tr Cs Oct 1922-32___AA0 b 5.45
99%99%93977567%79%
9060737575807670
a 72
Riv
79
75
aland
75
7099999993%90%0089%7675%7875708285757390
71
89
Ash. Bonds Bid, Ash.
Canadian Pacific (Concluded)-Aroostook Val 434s 192a FAA 65 7394 New Bruusw 1st g as '34 FAAf 96 100100 Cons deb 48 perpetual_ _J&J 1/ 77 8098 Ont&Que deb gu fis perp J&D 1 95 100 Carb & Shaw-See Illinois Cent
Carolina Cent-See Seab Air L
95 Caro Clinch A Ohio 58 '38_J&T)
Equip as 1922-1937____ /VW909.4
b 6%90%
5.500/..97% Eq tr Os 1922-35(yr)__J&J15 b 5.87 5.40%85 Carolina A Yadkin River-68 1st s f Ss 1962 JAD 80 Carthage A Adiron-See N Y C
Catawissa cons g 48 1948__A&O 84 8593 Central Argentine Ry Ltd-0877
Cony g 6% notes 1927_ FAACent Ark A East-See St L S W
943-( 941480 Cent Branch Ry-See Mo PEW80 Central of Georgia-8570
1st M g as Nov 1 1945_,F&ACons gold 35 1945 MAN
1003(96
102%
7580
10-yr 6% sec gold Ws '29JADEq 434s July '22-Jan'26_,J&J
993.4b 5.76
99%5.40 yeChat Div gold 48 1961.....11AD 783Macon & Nor g as 1946__JAJ 953.4
Mid Ga A Atl let 80 1947 J&J 9585 Mobile Div g So 1946_ J&J 953., Oconee Div lot g Ss 1948 JAD 92
80Cent RR A Bag as 1937 MANChattahoochee dr 0 as '30J&J
9294 -945%Chat R A South g as '47-J&J Eatonton Br as g 1926__Jdru
Cent Indiana-See Cl Cln Ch A StLouisCent A New Eug-See NYNEI & HartiCentral of New Jersey-
Gen M (now 1st) g as '87 J&J 1073.4 108 Eq tr ds Jan 15 '23-'35_ JtIc.1 15 Amer Dock A Imp as 1921
65.50% 8.20 '9,,
80Ext at 6% to 1936-- __J&J
Leh & W B Coal con g As10634 10814
1923, 1930, 1938 J&D NYAL Br gen 4s 1941..MADS b 591%
5
General gold as 1941_ _MAS Central Ohio-See Bait & Onlo Central Pacific-See So Pacific_ Cheri A W Can 1st as '46__AA0 Aug Term let gu g Os '47 AA0 Chateaugay fly-See Del A H
Chattahoochee A Gulf-See Crib of OaChatt Rome & Sou-See Cent of eorgia Ry
- Chattanooga Ste 4s '57 gu Ada 76
85Uhesapeake A Ohio- ,
1st cons g as 1939_ _tddc .4 1015% General 434s gold 1992__MAS scig 87% Cony g 434s 1930 op '13-FAA 874 88 Gen fund A impt as 1929_J&J 96 98 Cony g as 1946 AAti 933.4 94 Eq tr 434Jan lb '23-'26_ J&J 18 00.50 70 5.20 Eq tr 4 4i Nov '22-'27_MAN 65.50% 5.20%
Eq In 4 June 22- 26_ _lir 065.50" 5.20% Eq tr 5%s '23-'47 (yr)__J&D 65.45% 5.25%
Eq tr 6s '23-'35 (yr)J&J15 65.55% 5.30%90 Equip tiyis 192 i-is.itianni&D 65.45% 5.25%Craig Valley tot Ss g 883
918.15%
Potts Creek 40 1946 J&JR A A Div 1st con g is '89JAJ2d con g 4s 1989 J&J
773.4839'48014
801.483%
a% Warm Sp Val lot as g '41 MAz 8S3.Coal Riv Ry lot 48 gu'48. JAI) 825%
Elevator Cog 4a gu '38.. _A&O Big Sandy Ry lot g 48'44 JAD 811.4 82%
Greeub Ry 1st g gu 48'40Mdr IS 7S3101 Raleigh A S W lot 40 '30-1,10 66WestPocCorpist 434s'48 FAA
76Chesapeake A Otilo Northern-,
1st M As 1945 guar_ _Oneaterf'd A Lane tat 58'55bArt
9040 -85-93% Chic A Alton let 334o 1900 .J&J 503.4 5198% :CR refund g 38 1940._ _ A&O 59 60
Oen 5s 1922 41141 to otll JAt n Equip trust Os Jan 15 1923-35
100(year) stdc.J 16
lalcago Burlington & tjatucy -65.90% 5.50%
97% Gan ad 45 1938 MAS 88 88%1st A ref g 5s 1971 Ser A_ FAA s985% 8993498% oat tr Os Jan 15 '23-'30_J&J 15 b 5.50 3.20%
109% illinols D1v39.43149 op 2i)_.1.1rJ 81% 824s July 1 1949_ J&J 883( 90
sTebraska Est 4s 1927_ _MAN 96113 C B & Q joint 45-See Nor Pac112 Chic A East Ill (new co)-101 Gen M 5s May 1951.. _MAN 701.4 805.40% Chicago & Eastern Illinois-5.40% taf & Imp M As g '53 op_J&J 5534 57
1::r S bitg dc Tr ate dep....-85 111 corm' Os gold 1934__A&Of 1053-4
asnconsol lot 53 1937.... &IAN I78 13 8 Nicga & Trait etta depf 116 122101 Stamped Nov 1917 int__8.15,A Guaranty Tr Co ctf dep.__5.15% Eq 3341 Sept'22•Sep '23 MAS03.30% 5.75
Ch A I C Ry-1st as '38..1,W 15 17
bBasts. f This price includes accrued interest. Jr Last sale. I In London. n Nominal. • Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] RAILROAD BONDSNOTICE.-All boni prices are "and interest" except where marked "f" and inzome ail der ialted bonds.
33
Bonds I Bid.
Chic Gt West-let 48 1959M&S 6131Chic Ham & West 1st 6s'27_J&J 101Ch le& IC Ry-See Chic & E IllChicago Indiana & Southern RyJon mtge g 48 1956 guar_J&Ji 8331Ind Ill & la let g 48 1950_J&J 844
ChIcago Indianap & Louisville-IRef M g Os 1947 Ser A._ ..J&J 1054Ref M g 58 1947 Ser B___J&J 1 953/
Ref M g 4s 1947 Ser C_ J&J 82%lot A gen 58 196a . MAN, 83
1st & gen Os May'66Ser13.J&J 98sin 4 Aug '12 kaa 23 s'Ar A b5.75 toEq tr 6s '22-'35 (yr)__J&J15 b 5.60inatanap & Lou is 4s 'aeJ&J 733àMonon Coal gu 58 '38 op J&D 55
Ch & StL ShL-See CCC&StLChicago Lake Shore & Eastern-
1st M 445 1969 op 1919_J&D 883/Chic Maw & Puget Sound-
let M g 48 1949 guar J&J-Q-J 713-iChicago Milwaukee dc St Paul-Geu g 48 A May 1 1989J&J 80Gen & ref 4s Jan 2014 A&O 65Cony So Jan 2014 Ser B F&A 754Gen g 34s B May 1 1989 J&J 663'Gen 44e May '89Ser C J&J 853-'Deb gold 48 July 1 1934 J&J 64Cony deb 445'32 op '22 J&D 704gold bonds 4.5 1925 op '22JAD 80%Eq tr as 1922-35 J&J15 b 5.75-hi It Mu WI In 53 1926..J&J 88%Fargo & So g 63 ass'd '24_J&J 98& Nor Mort at 44'34 J&D 873/i
Cons Oa '13 ex% at 4% to193; _ _J&O 87.7-g
Tacoma East 1st 5s 1923_J&J 90Ch & No M-See Pere MarqChicago cts North Western-Gen M 343g 1987._ _-_M&N 754
Gen M gold 42 1987._ M&N 854Stpd non-pay Fed Inc Tax 8334
Gen 51 5819878tp Inc tax M&N 1044Sink fund deb 58 1933__M&N 991Sinking fund Cs 1929
1_A&O 101,
55 1929-___-____A&O 973/i
Exton bonds 4s 1928...F&A 15 93910-yr 78 June 1 1930 J&D 106%15-yr 64s Mar 1936._ M&S 106Eq tr 65 Jan 15 '23-'35_J&J 15 b 5.50Eq tr 6 s 1925-36 Ser J.511,1cS b 5.40Eq tr 6 s 1925-36 Ser KA&O b 5.40Boyer Val lot g 3 a '23_J&D 97%Des Plaines Val 4 '47 M&S 873-iFrem Elk & Mo V tis '33 A&O 1084Is Minn & NWIst3
4'33J&J 854
ManitowGB&NW3 5•41J&J 7291Maw Lake Shore & West-Mich DIY 1st 84 1924 J&J 1014Ashland Dlylet g 60'25M&S 1010Ext&imp f g 58 '29F &A 99
IdllSparta&NWIst4s '47PAScS 87 2Mil&StateLlne 1.13 is'41J&J 733gMinn dr la lot g 341 '24 J&D 961 Peoria & N W 3348 1926 M&S 93,8
Pen & Northw 3s4s 1926 J&J 923-i
St L Peo & N W Os, 1948.J&J 101%
St Paul EastGrTr448'47J&J 894Sioux City & Pac348'36F&A 84
Chicago Peoria & St. Louis-Prior ilea g 448 1930 _M&S 17
Certificates of deposit_____ 17Chic Rock lel & Pac Railway-General gold 48 1988._ __J&J 833Ref g 48 1934 op to 1011 AO 81Eq tr Os Jan 1923-'35____J&J b 5.50
Eq tie Set t922-1.923__J&J b 5.50
Eq 4gs Nov '22-'25 M&N b 5.50
Eq 4 s July'22-July '27 J&J b 5.50
Burl edar Rapids & North-Con lot &col tr 58 g'34 A&O 973.M&E3tL lot go g 78 '27 J&D
Choc & Memph 58 1949_ _J&JPeoria RyTer 4s'37 gu opJ&JR I Ar & La 645 1934 ..M&SRock lel& Peoria 68 '25. -J&JSt P & K C Sh L 448'41 F&AKeo & Des M -1st fle '23A&O
Chia St L & N 0-See Ill CentCh'.' At r. Pitts --sloe Penn CoChic St Paul Minn & Omaha-Cons Os June 1 1930_ _J&D 106Cons Oa red to 34e 1930_J&D 00Deb gold 5s Mar 1 1930_M&EI 033(Stamped
Eq Os 1923-35 (ann)__ J&J15Eq tr 75 1924-31 Ser B__ J&JNorth Wisconsin-68 '30_J&JSuper Sh L 55 June 1930_ M&S
Chicago Terminal Transfer-Chic & Gt W 55 g 1936_ _J&D
Chic Terre Haute & Southeast-let & ref g 55 Dec 1 '60op_J&DIncome M Dec 1 1960 Sou Indiana 1st g 4s '51_F&A
Chicago Union Station-1st gold 448 1963 J&J 90%1st M 64s Ser C 1963_J&J 113
Chicago & Western Indiana-Gen gold Ele Dec 1 1932.4-M 104%Consol g guar 45 1952._ _ _J&J 7438Sink fund 74s Sept 1 '35M&S 10291
Chic & West Mich-See Pere MChoc Ok & Gulf-See C H I&PCincin Hamilton dc Dayton-
General 5s gold 1942____J&D 862d mtge gold 448 1037.. _J&J 874Dayton & Mich 1st 5s 1911Ext at 44% to'31op'17J&J 919.g
C I St L & C--Sae CCC & StL-Cin Indianapolis & Western-
let Mg 58 Nov 1 1965__M&N 60
934,927081
90
b -57§6b 5.6010594
83
82f 61724
803-4653876469%86%64%7180%
5.35%
Ask.BondsI Bid. Ask. I
015% ICIn Lob & Nor-See Penn5ylvan ia RR103 Clue & Musk Val 45 1948 F&A 85
Chichi North 1st g 45 1951 J&J 75 783,4Cln San & Clay-See CCC&StL.
____ Clearfield & Jeff-See Pa & N W8531 Close & Mahon-See B it & P
Cleveland Akron & Columbus-10034 General gold 55 1927____M&S 96496 1st cons guar g 48 1940__F&A 80
Unguaranteed 7985 :Neve Chic Chic & St Louts-100 General 48 gold 1993___J&D 799,4 8145.40% Gen M be Ser B 1993____J&J 1003-4 1035.40% Dab gold 445 1931 _____J&J 8834 90
99 Cairo Div 1st g 48 1939 _J&J 86C W& M Div let 48g '91_J&J 797% 804
7331 StLD1v 1st col tr g4s'90.M&N 804 8134Spr&ColDly 45 1st g'40_51&S 851/6White W V Div let 48'40...l&J 83Cent Ind Ry gu 48 1933_ M&N 67Chic Ind & St L Sh Line Ry-
1st gold guar 48 1953_ A&OCIS L&Cist4s g Aug'36_Q-F 88CinSan&Cley con g 5s'28.J&J 944Cleve Colurn Cin & IndiananGen cons gold 6s 1934_J&J 105%
Id Blm & W ext 4s 1940_ A&O 8734o Ind & W g 58 Apr 1938_Q-J 851% _Poor Se East cons Is '40_A&O 774 78312d cons Inc 48 1990 __Apr 1 32 324
)1eYeland Lorain & Wheeling-Cons now 15t g 56 1933 ._A&O 974 98Stamped subject to call
Clay & Mahon Val-See ErleRRCon refg g i4s 1930 red ..J&J
754 31ey & Marietta-See Penn RR.3leveland & Pitts-See Penn Co,3leve Short Line-See L S & MS3leveland Terminal & Valley-
let 48 gold guar 1995._ ..M&N 80 813oal Az Iron Fly-See Western M aryl hid'lobo & Sou 1st g 48 1929._ .F&A 93 934
Ref M Er t4c, May '33 Mb NI 874 88Eq tr Os 1923-35 (year)_J&J15 b 5.60 5.30%Ft Worm & o C es '41.._Jk 0 1034, 105Ext at 54% to 1961 ..J&D k105
Colo Sou N 0 A t'ac-See St L & S FColo Spr A Cripple Crk D Ry-
1st gold s f 58 1D30_ ____J&J 3 101st cons 5s Oct 1942_ ._A&O 3
Col Conoec & Ter-SeeNort &WCol Hock Val&T-See Flock ValConn & Paso -1st g 4s '43_ A&O 70Newp& Richt lot 58'41 gu _J&J
Conn River-Gold 45'43__M&S 70330 Jan 1 1923_ _J&J 95
Connecting Ry (Pht10-1st M gu as Mar 15'51.M&S 15 864
61- Connellsv & Monongahela RV-94% lot a f gold 45 1930 opt ...M&S _93 Cuba RR-let g is 1952__J&J 84% 85102 1st Idcref g 74s '36 Ser A J&D 1024 103493 Imp & equip as 1900 _ MAN 65 6886 Current lily-See K C Ft S & M
Dallas & Waco-See Mo K & T22 MVO/el Ry & C'I-See El Paso & Southw astern22 Dayton & Mich.-See C El & D
Del & Bound Br 348 '55_F&ADelaware & Hudson-
,
Cony 58 1935 A&O 973( 974let Hen equip g 445 '22_ _J&J 993,4 100let & ref gold 48 1943._ _ MAN 8934 90317% tieC it bowls 1930 It° 10915-yr g 53.4s May 1 '37_M&N 100 1003,4Eq tr Os Jan 15 '23-'35 J&J15 65.45 5.20%
98 Adirond let 44s 42 gu_M&S 75klbauy & Susq 341 gold 1946(cony before 1916) goA&O, 80 81ithiftPsInt Land Vint Co-'
Detroit Illy Tun-See Mich CanDetroit & Toledo Shore Line-
1st gold guar 45 1953____J&J 77 82
Dul & It Range-let 58'37 A&O 97 984
813-4105
10031
901064106%5.30'y5.20%5.20 Y
834,814
5.35%5.1075.105.10
60
7431102%
65
165-
77
Bonds Bid.
Duluth Missabe & Nortnern-1st c )ns g Os Jan 1 1923__J&JGang ef 53 Jan 1 1941 _..J&J
Duluth South Shore & Atlantic181 gold 55 1937_ ._._ _J&J
DutchessCo-SeeCeut New EngEast Tean Va & Ga-See RyEastern Minn-See St P M & MElgin Job & East 55 1941 MANElmira & Wifilarnsport-
let Os '10 ext at 4% 1950.3&JIncome 55 2862__
El Paso & Rock lad-See &PasEl Paso & Southwestern C -New Mexico Ry & Call Co -
let col tr g 5e 0.73 1 '47 AA°lat&con&coll tr g 55'51A AODawson It & Coal 53'511.10EIP35&RE let ggu 5;'511 kJ
Erie-NY&Elst4sart g'47 M IcN445 3d ext gold 1923 ._Mk4tis 4th ext gold 1930_..a&O48 5th ext gold 1923._ _Aid)75 lot con '20 ext to '30 M&SPrior lien gold 49 1993_ _ _JAJGen Ilea gold 45 1996 __JAICony gold Is 1933 Ser A . A tc()
Series B 1953....... _A 1c0Series D 1953 _ _ 4tr)
Eq tr Os 1922-35 (year) J&J15Eq g Os sierFF _M&NEq g 58 July 1922 1923._J&JEq I34sSerBB Aug'22-24F&APenn coll g Is Feb 1 '51 ._F&ABuffalo & Southwestera-
1st g 65'03 ext to 1923 J&J24 g 58 '08 ext to 1928 JAS
Jeff R It5s ext at 5 Ato'29. A&OChic & At! Term us 1918ext to July 1923_ _
Ch & Erie 55 lot g 1982.MANCleve & Matt Val g 55 '33 J&.•Erie & Jerseys f 65 1955.J&1Genesee River es 1957__J&SLong Dock fiscoa g 1935 A&CNewb & N Y let 55 19 W_Jet.NJ&NYlst 63 191 ) -Ezt at 570 to 1450_._M
N Y&Gr Lake gu g 59'46 MANNYLE&WC&RR.-
1st Os curr guar 1922_ MANNYLE&WD&Llst 65'1;Extended at 5% to '43 J&J
NYPaScOp 14 qi '35 SAMSN Y Susq & Western-
1st refunding 38 1937__J&J2d mtge 445 1937___F&AGen mtge 5e g 1940___F&ATerm let g 55 1943 __MANMidland of N J lot 68_191cat at 5% to 1940__A&
Wilkes&E 1st g 58'42 J&Erie & Jersey-See Erie liltErie & Pittsn -See Penn RA -garopeen A N MslEvansv Indianan & Terre Haute
1st mtge 7s 1950 MANEvausinie & force dans, -
1st gee 55 gold 1942__ _AtRefund M 58 July 19 il_JAJMt Vernon let 63g 1423. A.k0Sul Co Br 1st glis IS30._43c1/41
Fargo & So-See Chic M & St PFitchburg-58 Jan
11931...1&.144s ref 1928 PAAN4'-4s Jan 1933_ ____ ._J&J4s refunding 1925 ._ MAN4s refunding Mar 1927__MAcsIs refunding 1927 _ A&O4s Jan 1928_ J&JCr.)), & Boston-7s 1924_J&J
Flint & PereMarq-SeePereMarFlo Jets & Pen-See Saab Air LFl nide East-Coast 448'59J&DFl aide South-See Atl Coast LFl nide, West Shore 58 1934_J&JFoida Johnstown & Glovers-
let cons ref'g g 44s 1947_J&JCien ref'g gold Is 1950 J&J'at con ref 44s '52 opt_M&N
Fort Dodge Des Moines & Sou-nd 58 1938 J&D
Ft imith&West 1st g 4s'54_A&OFort St UnDepDet 430'41 J&JFt Worth & Dn C-See Col & SFt Worth & Rio Gr 4s 1928_J&JF s Elk & Mo Riv-See C&NWGalv liar & San An-See So ParGalv Houton Sc Henderson-
tat M 50, 1933 A&OG .nesee River-See Erie RRG m & Wyo 1st g 5s 1929_ A&OG or & Alabama-See Scab A LG sores Car & N-See Saab A LG I & Fla lot g 58 1956__M&NG tor Midland-See South'n RyG s3 RR & Banleg-
Ref . 68 Oct. 1 1951 A&O4s Jan 1 1947 J&J
Ga Sou & Fla 1st g 5s 1945J&JGettysburg & Far 5s gu '26A&OGila Val Globe & Nor-See SouGr Rap Bel & Sag-See PereMaTGra Id Rap & Ind-See PennRRGraad Trunk Pacific-
1st M 3s 1962 J&JPrairie Section Is 1955__A&OMountain Sec Is 1955.._ A&OLake Sup Div 4s 1955_ A&O
Graad Trunk Ry of Canada-sink fund g deb 78 '40A&ODeb g Os Sept 1 1936...._Eq tr 64s 1936 (Ser F) _F&A
Graid Trunk West 4s £'50_J&Jlot g go. Is July 1 1950_J&J
1st ref & term g 55Feb'52.J&J 75Gulf Terminal of Mobile-
let mtge g 4s 1957 gu_ _ _ _J&J 71Hartford & Conn Western-
1st ext g 43s July 1 1923_J&J 55Hawkinsv & Florida Southern-
1st M Ifs April 1952___A&OHenderson Br-See Lou & NashHocking Valley Ry-
1st cons gold 4 s 1999 J&J 85%6% notes Mar 924__M&S 100%Eq tr 430 1923-1924_ F&A 85.50%Eq 5s 1922-1923 F&A b5.50%Eq tr Os Jan 15 '23-'35 J&J 15 85.55%Col & H V Ext 4s 1948_ _A&O 803'Col & Tol 1st g 4s 1955_F&A 80%
Hollidaysb Bed & Cumb-See P a RRIloosac Tunnel & Wilmington-
let M g 8s Sept 1022_ _M&S 85Housatonic-See NY NH &HHouston Belt & Term 5s '37 J&J 92Houston E & W Tex-See Sou P acificHouston (lc Tex Ceti-See Sou P acificHudson & Manhattan-
1st g Os 1957 opt F&A 8434,Adj in cup to 5%Feb157 A&O I 63%1st M 434s 1957 conv F&AN Y & Jer 1st g 5s'32optF&A 953(
Huntingdon & Broad Top-1st g 4s Sept 30 1920Ext at 7% to 1925_.. A&O
2d mtge 4s gold 1925_ _ _ _ F&ACons 5s g Mar 31 1925_ _A&O
Huntington & Big Saudy-Seegutchinson & S-See A T&SFIllinois Central- 1st g 4s'51_J&J 91
1st gold 3%s 1951 J&J 80%Main L ext 1st g 33s'51_A&O 7931st M 3s 1951 M&S if 771st M £ 4s 1951 A&O II 84Tr bds £ 334s 1950____J&J 68Coll trust gold 4s 1952_ _ A&O 83%Col Tr LNO&Tg 48'53M&N sixPur lines 1st g 3%s 1952_J&J 76%Ref g 45 1955 opt 1918_M&N 87Jt 1st ref M (I C&CSL&N 0) Os 1963 Ser A J&D
Gold /534s Jan 1934 Gold 63,4s July 1 1936_ J&JEquip tr 4349 Aug '22-'23 F&AEq trust 4.'s July'22-'26 J&.1Eq 5s Nov'22-Nov'27M&N 1Eq tr 6s '22-'35 (year)_J&J15Equip 634a 1928- 1936__Mdet.Equip 7s 1925-1935____A&OCairo Bridge 4s g 1950J&DLitch Div 1st g 3s 1951_ .J&JLouisv Div 3%s g 1953_ _J&JOmaha Div 1st 3s g 1051_ F& A
g 1951 J&JSt Louis Div 338 g 1951_J&JSt Louis Div
I
Spg'field Div Ext 3 As'51.J&JWestern lines g 4s 1951__F&AChicago St Louis & N 0-Cong 5s June 15'51_J&D15Con g 330J'ne15'51.J&D15Eq 5s Jne'22-Dec 1924 J&D
Mem Div 1st 4s g 1951_J&DSt Louis Alton & Ter Haute-
Bellev & Car 1st Os'23_J&D 99St L South 1st g 4s '31 M&S 8534Carb&Shaw let g 4s'32M&S 853
Ind Bl & Wn-See C C C & St LIndiana Ill & Ia-See Chic IndInd & Loutsv-See Ch Ind & LIndianapolis Un 4%s '26.. M&NGen & ref g 55 1965 Ser A_ J&J 95%
Interboro-Met 1See Street & ElInter Rap Trim,/ Ry SecuritiesInternational & Gt Northern-
1st g (1s 1919 (unext'd)_M&NExt at 7% to 1922__M&N
Internet Rys (Central America)1st M 5s 1972 opt M&N ii 68
Iowa Central-See Minn & St LIa Minn & N W-See C & N WJacksonv Ter 1st 50 gu '39_J&J 85Jamestown Frank & Clearfield-
1st g 4s 1959 guar J&D 843'Jefferson-See ErieJoplin Union Station-
1st g 4%s 1940 guar op_ M&N 80Kal Al & G R-See LS& MSKanaw & Mich-See Tol & 0 CKansas City- Clinton & Sp-
1st 55 gold 1925 guar A&OKan City Ft Scott & Memphis-Refdg g 4s 1936 guar.._ _A&OCons 60 1928 M&NCurrent Riv 1st 55 1927_A&OK C Mem & Bit* 4s 1934_ M&SIncome 5s Mar 1934 Sept 1
Assented M&SBan City & Mem Ry & B-
Kens & Mo-lst 5s '22_ _Alen 921st 5s gold 1929
Kansas City Mexico & Orient-1st gold 4s 1951 (undep.)F&A I 6% notes 1916 ctfs A&O I
1st g 4s 1960 op 1930____J&J 82382 6% notes Nov 15 '23_M&N 15 1018%75 633% g notes 193L_ J&J 1023-i108% Kentucky Central-See L & N
Keokuk & Des M-See C R I &Knoxv & Ohio-See South'n Ry
92 Lake Erie & Western-let gold Os Jan 1 1937___J&J 918%
83 2d g 55 July 1 1941 J&J 853.No Ohio let gu 5s g '45_A&O 72%
75 Lake Sh & Mich So-See N Y C & H RLeavenw'th Term Ry & Bridge
65 1st M gold 55 1923 &Lehigh & Lake Erie-See Lehigh j 5Valley
60 Lehigh & New England-1st M g 55 1945 J&J 101Gen M g 5s 1954 J&J 983/i
868% Eq tr 434s 1922-1931 Var 15.60%100% Lehigh Valley-5.10 1st Os ext g 4s 1948 J&D 85348.10% Con M Os ann reg Irred_J&D 1225.37% Con M Os R gold 1923 J&D 100%
843/2 Con M 4345 C 1923 J&D 0834Con M 434s arm Irred_J&D 90Gen cons gold 4s 2003_ _ M&N 8034Gen con g 434s 2003_ _ _ _ M&N 8934Col tr 45 Aug '22-Feb'26 F&A 6 5.50
94 Lehigh & Lake Erie- M&S 10234Coll tr g as 1928
1st 434s 1957 gu M&S 85Lehigh & N Y lot 4s '45_M&S 8234Lehigh Valley Coal-
848% 1st Os gold guar 1933 _J&J 100638% let 40-year gu hit red to
4% 1933 J&J 903498 Lehigh Valley Ry of N Y-
1st 434s gold 1940 J&J 95Leh Val Term Os 1941__A&O 1013%
90 Middlesex Val let 5s '42 M&N 8075 Pa&N Y Canal con 59'39 A&O 973473 Con M 434s 1939____A&O 91
Ohio Cons M 4s 1939 &° 8"4Lehigh & Wilkes-See CentAN.1
95 Lex & East-See Loulsv & NashLitchfield di Mad 1st Os '34M& N
____ Little Miami-82 Gen g guar 4s 1962_ M&N 803489 Little Rk & Hot Sp West Ry-73 1st g 4s 1939 guar J&J8334 Long Island-Unified g 40'49M&S8134 Refund g gu 4s 1949____M&S773/a Tax-exempt N Y 878% let cons g 55 July 1 1931..Q-J 07
tat cons g 4s July 1 1931_Q-J 893/9534 Gen mort g 4s 1938 J&D 823*1018% Ferry 151 4345 con g 1922M&S
5.10 Debenture gold Os 1934_Jj1DD 9802%%111 4s gold 1932
5.10k Deb gold 5s 1937 M&N 81345.10 Eq tr as 1922-32 (year)_F&A b 5.905.25 Montauk Ext Os 1945_ _J&J 875.20 Brook & Mon 2d Os 1938 J&D 5.15% L I C'y & F con 5s 1937 M&N
NY Bay Ex R let Os g'43 J&J N Y B'klyn & Man Beach letgold 5s 1935 A&O 953
NY dzRB 1st g 53 1927 M&S 95North Shore Branch-
1st con 55 g Oct 1 1932 Q-J 9234Louisiana & Arkansas Ry-
85 s f g 55 1927 M&S 8934Loulsv Cm & Lex-See Loutsv & Nashv
1023/i Louisville Henderson & St L-let mort gold Os 1940_ _ _ _J&J 9234
98 Eq tr 6s Jan 15 '23-'35_J&J 15 6 5.40 Equip 5s Dec 1922-'23 __J&D b 5.25
At K & eh) div 45 1955_ M&N 8534All Knox & Nor 1st 5s '40 J& D 9934Consol gold 4s 2002_ _ M&S
Lou C & Lex 434s g '31_M&N10034 N 0 Mob 1st g 6s 1930-J&J63 2d gold Os 1930_ __J&J Pad & Mem div let 4s '40_ F&A
70 SE & St L Div Os 197L M&S
2d M 3s 1980 _Henderson Br Os g 1031_M&SKent Central 45 g 1987__J&J
90 Lex & East let 5a 1965.. _A&0L&NMob&Mont4 34s'45M&S
853% Loutsv & Nashv South'n jointgold 4s 1952 J&J
L & N Term 1st g 48'52 guJ&D92 Nas F & 5 1st gu g Os '37_F&A
Newport & Cincin Bridge-lot Mg 434s 1945 guar_J&J& N Ala Con M g 5s '36 F&A
81 Gen con gu g Os 1963_A&OMacon Dub & Say 55 1947_J&J
79 Macon Terminal Os 1965 ..J&J10334 Mahoning Coal-See LS& MS06 Maine Central-Coll tr as '23 J &D87 let & ref 434s 1935 J&D let & ref Os Dec 1935_ _ _J &D88 Eur & N A 4s gold 1933.. _ J&J
Hereford Ry-G 45 '30_ M&NUpper Coos let gu 40'30 M&N
Upper Coos Ex 434s g '30 M&NWashington Co Ry let g gu334s Jan 1954 op 1924_J&J 63
10 Manila RR Sou Lines 40'39M&N 40Manitoba & S E-See Canadian Northe in.Manitoba S W Col 5s 1934_J&D 9434Marq Houghton&Ont 0025 A&O 94Md Del & Va 5e 1955 Ful _ F&A 30
5.20%
72%
70783478%
96%1033%99%84%10761%101348398%93
8082101
9010197%5293
98%879284796065
Ask. Bonds.
Meryl & Pa 1st g 45 1931_ _ M&S69 Income 4s 1951 A&O873/ Mason City & Ft Dodge-
5.25 1st M gold 4s 1955 J&D5.30% Memphis Union Station Co-
let g gu 5s Nov 1 '59__M&N8234 Merchants' Br-See Term RR10134 Meridian Term 4s '55 guar M&N10234 Mexican International-
Prior lien 434s 1947_ M&Slet con gold 45 1977 M&SSept 1 1914 coup on Stamped guar op to Mar '07
92 Mexican North let 6s 1930_J&D8834 Mich Cent-See NYC&HR85 Middlesex Valley-See Leh Val
Middletown & Unionville-2nd m adj Inc Os 1933_M&N
Midland of N J-See ErieMidland Term Bs 1925____J&DMidland Valley-5s 1943_ _A&O
10334 Adj M Apr 1 '53 Ser A _Sept9934 Series 13 Millen & Southw-5s 1955_ A&O
Mil Lake Sh & West-See Chic89 Mtlw & No-SeeChic Mil & St P125 Milw & Sparta & N W-See Chic101 Min & Pac-See M St P &SS M9834 Minn & St L-lst 7s 1927...1SED
lot consol gold Os 1934_ _Mtic N82 1st ref'g gold 4s 1949_ Pli&S91 Ref & ext Os Feb '62 Ser A_Q-F
5.25% Des Mot& Ft D lst 4s, '35_ J&J10234 Iowa Cent let g 5s 1938_ J&D
1st & ref g 45 1951_ M&S Minn St P & Sault Ste Marie-80 1st cons gold 4s 1938____J&J
lot cons gold Os 1938____J&J1013% 2d M gold 4s guar 1949_ _J&J
Eq g 4348 Dec 1922____J&D Eq tr 7s 1922-1930 (yr)_J&D M S Ste M & All 45 '26_,I&J Minn & Pac let 4s 1936_ Ada MStP&SSM&CentTermRy-
lstChTersf 48'41op'16M&N Minneapolis Term-See Wis Co
Minneapolis Union-See St P MMississippi Cent g 155 1949_J&J
7734 Miss River & Bonne Terre-1st s f 58 1931 op A&O 90
Mo Kan & Tex (as reorganized)Priori 5s 1962 ser A w I_ _J&J
79 Priori 4s 1962 ser B w _J&J89 Prior 1 (Is 1932 ser C w i__J&J7834 Adj mtge 5s ser A w 1_ _ _ _J&J Missouri Kansas & Texas-9834 1st gold 4s 1990 J&D 1 -
Columbia Tr ctf of dep__ 772d gold 40 June 1 1990_ _F&A J 66Cent Union Ti Co ctfs dep
823% 1st M gu gold 5s 1943_J&D 1 22W Coal & Imp let 65'29 J&J
Texas & Okla-5s 1943_M&S / 359034 Mo Pacific RR (new company)
1st & ref Os Jan 1923&A 10010834 1st & ref Os July 1920_ __F&A10334 1st & ref as Jan 1965_ ___F&A 87345.15 1st & ref 6s 1949 Ser D F&A 993/i5.20% Mo Pacific (old Co)-5% Gen M 4s Mar 1975____M&S 0486 Eluip 634s 1925-1936__F&A 65.60%
tr 60 Jan 15 '23-'35 J&J15 b5.70%Gold 45 Mar 1 1945 opt_ M&S3d 7s ext to July 1938 at
101-2 4% M&N 8034101 Cent Br Un Pac lot g 4s '48 J&D 743/a
Pac of Mo lot ex g 4s'38_F&A 8534165- 2d ext 5s gold 1938_ _J&J 07613% St L H E 1st Os 1938_ M&N
Cardelet Br 151 4345 '38 A&O 843/ St Louis Iron Mtn & Sou-9934 Unify & Refig g 40 '29_J&J 8734
Gen con ry & 1g Os '31 Ada) 973%Gen Con stpd gu g 58'31A&0 Rly & Gulf Div 4s '33_ M&N 82
84 Pine Bluff & W Os '23_ A&O 98VerdVal I dc W 1st 55'20 M&S 933%
Mobile & Birm-See Southern R
-Mobile & 0-1et g Os 1927_J&D 1033%
165 1st exten Os July 1927___Q-J 100983% Gen g 4s 1938 M&S 733454 Eq 5s Nov '22-Nov '23 M&N b 5.85943% Montgom Div g 55 1947_ F&A 9234
St Louis Div 15s 1927.. ...._J&D 91St L & C 4s guar 1931_J&J 88
Monk & Malone-See N YC&HMon3ngahela Sou Os 1955 .A&O 95
90 Mont Cent-See St P M & M83 Mo •rls & Essex-See D L & W Nashville Chattanooga & St L-
1st consol gold as 1028. ..A&0 1003%Centreville Br g 6s 1023.J&J • 101Jasper Br 1st Os 1923____J&J 1003%
-02--
960740
5610
f 40
92
75
58
9080
1 30f 20
40&N W
& N W
1033481%47%48%588246%
87%.99
100b5.50b5.65%95%
88%it& M86
83%789557%
60.20
Ask.
15
41
95
78
30
72
9581
50
lot%83%47m,48A60%83%47%
88%99%
100%8.405.3597
92
84799657%
8070
85-
7134
815.70%
70
92
40
100%96%88100
64%5.30%5.35%
83
87%9834
87%97%
82%
1051003477
5.50%
92%89
100%101%100%
b Basis. I This price includes accrued interest. Jr Last sale. 1 In London n Nominal. Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] RAILROAD BONDSNOTICE.—All bond prices are "and Interest" except where marked "f" and income and defaulted bonds.
35
Bonds. Bid. Ask.
NashFlor & Shaft—See L de NNational Rys of Mexico—Pr lien g 4%s s f 1957____J&J 40% 43
Jan 1914 coupon on July 1914 coupon on 33%, 38 July1914 coupon off
Gen M 4s 1977 A&O 30%April 1914 coupon on 353/sApril 1914 coupon off 38
8% g notes June 1915J&DNat RR of Mex p 1 g 4340'26 Jcia I 33 "-
Jan 1014 coupon on July 1914 coupon on July 1914 coupon off
1st cons g 4s 1951 A&O 25April 1914 coupon on April 1914 coupon off 223/i
Nebraska—See C B & QNew Eng RR—See N Y N H&HNew Hay& No—SeeN Y NH&HN J Junction—See N Y CentralNew Jar & New York—See ErieNew Lon Nor 1st 4s '40____J&J 74New Max By & Cl—See El Paso & BoutNew Orl Gt Nor 1st 158 '55_F&A .54MNew Orleans & North E 681915_Extended at 5% 1940 .M&Nttef & imp 434s '52 Ser A_J&J 83
Now Orl's Term 1st 48 '53__J&J 704Now Orleans Texas & Mexico-
1st g Os Oct 1925 Ser A __J&D 1023,jrion-cum Inc Ss Oct '35 Ser A_I 70%
Newport & Cin Bdge—See Louis villa &Newp & Rich—See Conn & PassN 1( B & M Bch—See Long IslN Y Bay Eat RR—See Long IslNew York Central RR—Cont deb Os 1935 M&N 103Con M 4s 1998 Ser A____ F&A 83Col tr 75 1930 M&S 105
New York Cent & Hud River—Ref'g g 3%s July 1 1997_ _J&JDeb g 45 '34 tax-exempt M&NDeb 4s 1942 tax-exempt __J&JRef & imp 4%s 2013 op_A&OEqtr 7s '22-'35 (yr)__A&015Eq tr Os Jan 15 '23-'35 _ J&J 15N YC Lines eq bs 1922_ M&NNYC Lines eq 4%s N '23_J&JNYC Lines eq 4%s P'2I_J&JNYC L1neseq434sQ'25_J&J bN YC Linea eq 4%s '22-'28 J&J bN Y C RR eq 4348'22-'32 J&J bBos & Alb eq 4%s '22-'27 A&O bLB Col tr g 3%s 1998W F&AC col tr g 33.s 1098_ _F&A
Beech Cr— 1st 43 g gu '36 J&J2d guar g 58 1936 J&JClf Bit C Co 1st g 4s '40 J&J
Beech Creek Ext 334s '51 A&O:art & Adlr 1st 48 g '81_ —LIEDGouv dr Osw 1st 13s g '42_J&DLake Shore & Mich Sou—Con g ref 334s 1997___J&DDeb g 48 1928 M&SGold 48 1931_ M&NCloy Short L 4%s '61_A&OK A & Or R let bs '38_ _J&JKal & W Pig'n g 5s '40 _J&J
Mahon C RR 1st 5s '34__J&JMichigan Central—
Els con '31 D & 13 C div M&S 973/4Deb g 4s 1929 A&O 903Equip 5s Oct '22-'31 A&O b 5.45Equip 68 '22-32 (yr.) _ MAS 1 5.45let fis Kal&SH 1939 M&Nlet mtge M Air L 48 '40 J&J 87Y8bag 4sJo1&MInd'87J&J101st g 3%s J L & Sag '51 M&S 79let g 3348 1952 M&N 78Bayedr BOW Mg3a'89J&DBat C &131stgug 313'89J&DDet 11,Tun 4%s '61 gu _ MArNGrand My Val 48 '59_M&STol Can Sou & D 4s '56 J&J
Moh & Mal 45 1991 M&S 833/4Consol g 3%s 2002_ _ _ _M&S
N J June 1st 45 gu '86_ F&A 763/4NY&Ilar 1st g 33/4s2000M&N 783/4N Y & Nor lst g be '27__A&O 983/sN Y & Put 1st 4s g 1993_A&O 823/4Pine Creek gu Os 1932 J&D 108Pitts & L Erie Os 1928__ J&J
be Jan 1 1928_ A&O 973/4Eq tr 634s 1922 35(yr)A&O b5.50%Pitts McK & Y Os '32_J&J 1062d Os guar 1934 J&J 993
R W & 0 con be July '22A&O 993/sR W & 0 cons g 334s '22_A&O St Lawr & Adiron Os, '96 J&J 8834
2d gold 65 1996 A&O 933/Utica A B Riv 4s g 1922_J&J 993West Trans Co 330 '23_ F&A 95West Shore 1st 4s 236I___J&J 82
N Y C & St L 1st g 48 '37_A&O 883/4Deb 48 May 1 1931 M&N 84
N Y Connecting RR-1st M 43s 1953 F&A 863/4
N Y & Gr'wood Lake—See ErieN Y dr Harlem—See N Y C & HudN Y & Jersey—See Hud & ManN Y Lack & West—See Del Lac k WeNY LE & W C RR—See ErieN Y & L Br—See Cent of N J.N Y New Haven & Hartford—Deb (le Jan 15 '48 cony_J&J15Deb 45 May 1 1957_ M&NDeb 45 July 1'55 non-convJ&JDeb 45 1956 non-conv M&NDab 45 1947 non-conv M&SDeb 33/45 Mar 104L. M&SDeb 3348 1954 non-cony A&ODeb 33/45 1956 conv____J&J
77n,88%86%86%5.50
b 5.6099%99985.305.205.305.5073%73%88%80
708297%
78%94%92%9395%9697%
5887
Bonds. Bid.
N Y N II & Hartford (Concluded)Boo & NY A L 1st 4s g'55 F&A 73Cent New Eng 48 1961__J&J 663/4Dutchess Co 4340 '40_J&I) 70
Hart Rh, & Portch 4s'54 M&N 7754Housatonic con 55 1937_M&N 823/4Naugatuck 1st 48 '54 M&N 653/4New Eng cons 48 '45 gu_J&J 75%Consol g 5s July 1 '45.. J&J 843/4NY&NE Bos Ter 4s'39A&O
N Hay & North 45'56 gu J&D N Y Prov & Bos 4s '42__ A&O 723/4N Y Westchester & Bos Ry-
1st M g 4348 1946 gu_ _J&J 573/4Prov Sec deb 45 1957 gu MAN 533/4Prov & Springf 1st be '22_J&J 99Prov Ter 1st g 4s gu '56_ M&S 713/4
N Y & Nor—See N Y Central & HudNew York Ontario & Western—Ref 1st g 4s June 1992M&S 75
78 Gen M g 4s 1955 red_ J&D 683/4hwest Eq 43/45 Sept '22-Mar '28 M&S b 5.90
56 NY Philo it Nor—Ist g 48'39J&J 85Income 4s Jan 11039 __ M&N --Stock trust ctfs 4s 1948_ _J& I) 83
84 N Y Prov & Best-See NY N H& Ha80 N Y & Putnam—See N Y Cent & Hud
N Y & Rockaway Beach—See L ong Is,N Y Susq & W—See Erie
703/4 N Y Westc & Bos—See N Y NH&HNashv Norf & Caro—See Atl Coast L
Norfolk Southern-1st & ref g 5s '61 op '15__F&A 673/4Norf & Sou 1st 58 1041_ _ MAN 90
1st gen g 55 1954 opt_ _J&J 601043/4 Ral & Cape F 1st 55 '43_ M&S 7084 Ral & Southp con be '65_J&D 70
1053/4 Suffolk & Car con bs '52_ J&J Norfolk Ter 1st gu 4s '61_M&N 82
773% Norf & West gen Os 1931_ M&N 108893/4 Imp dr eaten Cis 1934_ ___ FAA 1083/489 New River let Os 1932__A&O 107%873/4 N&W Ry 1st cons 4s'06_A&O 873/45.20% Div 1st lien & gen g 45 July 1
5.30% 1944 opt Jan 1 1929___J&J 873/4Cony deb 43/4s 1938_ ___M&S 10034Cony 6% Sept 1929___M&S 108N & W Pocahontas 45 '41 J&D 861%Eq tr Os Jan 15 '23-'35_J&J 15 15.40%
5 Eq tr 41%s 1922-1924___F&A 65.25%5.05 Scioto Val&N14.11st 43'89M&N 863/45.10 North & South Caro—See Caro At' es74 N'east of S C—See Atl C L of SC
__-- Northern Cal Ry—See So Pac---- Northern Central—
Con gen M 434s E 1925_A&O 983/4Mort bds Os 1926 Ser A__J&J 99Mort bonds 5s 1926 Ser B J&J 99
Northern Ohio—See L E & WestNorthern Pacific,—Prior lien g 4s Jan 1997__Q-J 863/sGen lien g 3s Jan 2047__Q-F 617/Ref & Imp 43482047 Ser A J&J 863/4Ref & imp Os 2047 Ser B. JAI 105%Eq tr 7s 1922-30 (yr)_MAN15 b 5.45P & D Div g 4s 1996__J&D 853/4
Nor Pac-Gt Nor (CB&Q coil)Joint 634s 1936 J&J 1053/4
Wash Cent 4s Mar 1948_Q-M 84St Paul & Dul 151 bs '31_F&A 100
1st consol g 48 1968 J&D 8534Dui Union Dep be '30_A&O
St Paul & N Pac 6s g '23_ F&A 1003/4Reg certs 6s 1923 Q-F 0934
No Pac Ter Co-1st (Is '33_J&J 108_North Ry of Cal—See Sou PacNorth Pac Coast—See No ShoreNorth Pennsylvania-
1st M 4s extended 1936_ M&NGen g 3 3-10s 1953 J&J
Northw Term g 55 1926 gu_J&JNorwich & Wor-4s 1927_MdrkOgd'im&L Chain—See RutlandOhio Connecting—See Pennsylv aniaRROhio I & W—See C C C & St LOhio River—See Balt dr OhioOld Colony-4s gold 1924_ F&A 964s Dec 1925 J&D 933145 Jan 1938 J&J 823/4”is July 1 1932 J&J 8534
Oregon Short Line—See tin PacOswego&Syracuse--See D LAWPacific Coast Co—See Misc BdsPaducah & Illinois-
1st 5 f 434s 1955 gu J&J 92Pan American let Os '34 op JA.1 1 25Parts-Lyons-Mediterranean RRExt s f 78 1938 F&A15 823/4
Pennsylvania 1111-843/4 Con M 45 gold 1943_ MAN 8934
do 4s gold 1948_ MAN 903/4do 4s gold 1948 sterling
stamped dollar bonds 8734
st Gen g 4 s 1965 do 44; g 1960 F&A 95%
J&D 90%Gen g 58 ec 1 1968 J&D 993/410-year gold 7s Apr 1'30_ A&O 10815-yr 034s Feb 1 1936 F&A 1093/4Con M 330 g £ 1945J&J If 78E pur rnon 1st g 4s'23M&N 983/4
Gen ft eq 434s 1022-'23_ _Q-J b5.25Eq tr (Ss Jan 15 '23-135_J&J 15 65.55Aleg Val gen 4s 1942 M&S 884Belt Ches&AtIst g 58'34 M&S 50Belvidere Del gu 45 1927F&A 92
1st g gu 3345 1943____J&J 743iGin Lab & Nor 45 1942_M&N 933/4Clev&Marietta, 4340'35 MAN 91
Pennsylvania RR (Concluded)—Cleveland dr Pittsburgh
6634- SerA4348 gen gtd 1942_J&J 943/s80 SerB44s gen gtd 1942 A&O 943/465 Int red to 3343' 773480 Ser C 334s gen gtd '48M& N 7831
Ser D 33413 gen gtd '50 F&A 3/4D Riv RR&B gu g 45 36 F&A 873/s
Erie & Pittsburgh,—Gen gu g 33.4sSerB '40_J&J 8134
Series C 1940 Gr R & Ind Ext 434s '41_Iti 893/4
2d 4s 1936 AC 84.;Muskegon Div g 5s'26
_ A 96
Holidays Bedford & Cumb38 1st M g 4s 1951 guar_J&J 84
Ohio Connect'g 4s '43M&S 8234Pennsylvania Company—Gu g 45 1931 op 1921_A&O 903/4 91Gu tr ctfs g 45 1952_ _ M&N 844Gu tr ctfsg 334s 1937_M&S 8034Gu tr ctfs g 334s 1941_ F&A 8034Gu tr ctfs g 330 '42_ _J&D 80On tr ctfs g 3349 '44. J&D 793/4
Ph Bait & Wash 4s '43_M&N 91Pitts C C & St L—Con g gu 434sSerA '40A&O 943/4do Ser B 1942A&O 943/4do Ser C 1942M&N 933/4do Ser I 1963 F&A 933/4do 434s Ser J '64 MAN 933/4do 45 Ser D '45M&N 883/4do 45 Ser F 1953_ _J&D 893/4do 4s Ser G 1957_M&N 8734
68 do 4s Set* H 1960_ F&A 88do 334s Ser E '49_F&A 8631
Gen M 5s 1970 Ser A_J&D 9775 CStL&Pitts 1st 5s g'32A&O 1003480 Pitts Va & Char gu 43'43M&N 843/4 PittsYoung&Ash5s'27 _MAN 95:i85 1st gen 4s Ser A 1948_J&D 86
Sodus Bay & Sou g 58'24 J&J 91Sun & Lew 1st g 4s '38- J&J 92Tol Wahl Valley & Ohio—
lst g gu 434s '31 Ser A_ _J&J1st g gu 430'33SerB___J&J1st g gu 4s '42 Ser C _M&S
Penn & N Y Canal, See Leh VPennsylvania & Northwestern—Gen 5s Jan 1 1930 J&J 98 99Clearfield&Jeff 1st 65'27_J&J 1003/4 10134
Peoria & Eastern—See Clay Gin Chic & St LPeoria & N W—See Chic & NWPeoria Ry Term—See Ch R I &Pere Marquette (New Co)-
1st g bs July '56 Ser A J&Jlet g 4s July '56 Ser B J&J
gg Eq tr Os Jan 15 '23-'35 J&J15Perkiomen 1st 5s'18extto'38Q-J2d 5s 1918 ext to 1938 Q-J
1st mortg gold Os, 1925__A&OPhilo Newt & N Y 3s '42__A&OPhilo & Read—See Reading CoPhila. Wilmington & Bait—Debenture 4s 1922____M&N
10531 Debenture g 4s 1926_ J&J83 Debenture g 48 1932 A&O
Philippine Railway-1st p 45 '37 5 f op gu J&J
Pine 131 & W—See St LI MdrSoPine Creek—See N Y Cent & HPitts Bessemer & Lake Erte—
l' S & L E 1st g 5s 1940_A&OCons 1st g 55 July 1 '43J&J
PB & L E con g 55 1947_J&JPitts Char & Youghiogheny—Gen Mtge gtd 4s 1932_ A&O
Pitts Gin Chic & St L—See Penn HRPitts Cleve & Tol—See B & 0P ttsburtgb Junction—See B & 0P110 & Lake Erie—SeeNY Cent A HudP its McK & Yough—See N Y CPitts Shaw&N—lst g 5s'49 F&AGold 4s Feb 1 1952 F&A5% receivers' ctfs 1918_ M&S 30
Pittsburgh & Shawmut—let f g 5s 1959 opt J&D .f 50
Pitts Shen & L E—SeePBess& LEPlttsb Term RR & Coal-
1st g gu 5 f 5s 1942 JdrJ 87348134 WestSideBelt 1st g 13s '37M&S 8290 Pits Va & Chas—See Penn RR
P its & Western—See B & 0Pltsb Youngs & Ash—See Penn RRpartland & Ogdensburg—
P & RFalls—lst g 413'26_M&Nlet M 434s 1928 guar___M&N 8. 5.
40 De benture 45 Aug 1927_F&APort' (Me) Term gu 4s '61_J&J 70
Princeton & Northw—See Chic & N W9034 Prov Sec Co—See N Y NH den963/4 Prov & Spriest—See NY NEI&H91 Providence Term—SeeNYNII& H9934 Prov & Wore—let 4s 1947_A&O 75109 Raleigh & Augusta—See Seaboa rd Air Line10934 Rai & Cape Fear—See Norf Sou83 Rsleigh & Gas—See Seab Air L
Rol & Southp—See Norf South-1-5; Raleigh & S W—See Chesapeak e & Oh lo
5.25% Rsritan River—let g be '39_J&J _90 R.ading Company-60 Gen gold 4s Jan 1 1997J&J 8534
Eq 4 s July '22-Jan '27_J&J 65.30%Yen Cent g 48 '51 op '06_ A&O 8634atlantic City gu 45 1951_J&J 7834
1st M gold 530 1929_ MAN 10034W&NA tr ctfs 45 red 105 Q-M
92%9279%
Pac
9582
15.709595
9373
979484
55
ud Riv
97%96%93
8699
90
95
973-4
165-
96W,83%
5.30%9898
100
98968534
River
aco--60
95
738698
86365%90
101
b Basis. 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
36 RAILROAD BONDS [VOL. 114.NOTICE.—All bond prices are 'and interest" except where marked "f" and income and defaulted bonds.
Bonds.
Reading Company (Concluded)—Eria & R-2d 55 g 1933_A&OImp M ext g 45 1947__A&OCons eat gold 45 1937M &STerm as g gu May 1 '41 Q-FDel R Ter pm g 8s '42MANEx 13 mon g 58 1942_J&J
Wilm Sr No 1st 5s '27_JADGen g Ss Aug 1 1932_Q-F
Phila & Read Coal & Iron—Cole f g 45 ext '32gu F&A
Rens & Saratoga—See Del & HRichm & Danv—See SouthernRich Fredericksb dr Potomac—Cons mtge 434fs 1940____A&OEquip 6s Jan 15 '28- '35J &J15
Rich A Mecklenburg—SeeSo RyRich dr Peters—See At! Coast LRichmond-Washington Co—Col tr g gu 48 1943 opt_ _JAD
Rio Gr Junc—See Deny & RioRio Grande So—See Den & RioRio Grande West-See Deny &Roch & Pitts—See Buff R AC PRock Isl-FriscoTerm-53'27J&JRock Tel Ark & La—See CRI&Rock Is! & Peoria—See C RI &PRome W & Og—See N Y C dc HRutland—Con 4348 1941_ _ _J&JBenn & Rut 4345 g '27_MANOgd&LCh let g gu 4s '48_J&JRut! Can 1st g gu 4s '49_J&JEquip tr 434s 1923-27_ _ MAN
St Clair Mad & St Louis Belt—Alton Bridge 1st g 45 '51_J&J
St Clair Term 1st 5s 1932_ _ F&ASt Johns & L Cham-5s '44 M&SSt J & Gr Isl—lst g 45 1947_ J&JSt Lawr & Adir—See N Y CentSt Louis Al & T H—See Ill CentSt Louis Br—See Term RR AssnSt L & Cairo—See Mobile & 0St L Iron Mt&Sou—See MoPacSt L Mer Br Co—See Term RRSt L Peoria A N W—See Chic &St L Rocky Mt & P 55 1955—SeeSt L South—See Illinois CentralSt Louis-San Fr (reorganized)
Prior lien 4s 1950 Ser A_ .J&JPrior lien 5s 1950 Ser B__J&JPrior lien Os 1928 Ser C_ _JCum adj Os July 1955_ _ _A&OIncome mtge 6s July 1960 OctEq tr 6s Jan 15 '23-'34 _J&J15
St Louis A San Francisco—Gen mtge gold 68 1931J&JGen mtge gold 5s 1931__J&JCon mtge 48 July 1996_ __J&JBirm Belt let g gu 45 '22_A&OSou West Div g 55 1947_A&O
St Louis Southwestern-1st g 4s 1989 certifs__ __MAN2d g Inc 4s Nov '89 cert__J&Jlet consol g 48 1932____J&D1st term dr unif 56 1952__J&JEq 55 Ser D 1922-1923_ F&AEq 5s Ser E 1922-1924__A&OCent Ark & Ea 1st 5s'40opJ&JGrays Pt Term g 55 '47_ _J&DShrev Bdg&Ter 5s '55 gu F&AStephenvNASTex5s'40op.J&J
St Paul Bridge & Terminal Ry—let M 6s 1929 J&J
St Paul & Duluth—See Nor PacSt Paul East GrTrunk—SeeChleSt Paul & K C Short L—See ChSt Paul Minn & Manitoba-
1st consol g 45 1933 J&Jlet consol g (is 1933 J&J1st cons red to 4345 g '33_J&JMontana eat 1st 4s '37_ _JADPacific Ext 1st 4s £ 1940_J&JEastern Ity of Minnesota—Nor div let g 4s 1948_A&O
Minn Union 1st (is 1922_ _ J&JMont Cen 1st gd 6s '31f J&J
1st guar gold be 193?.._J&JWil & SF let 5s g 1938_ _JADP sic N Pac—See No Pac
St Paul Union Depot Co 1334%guar notes Dec 1.5 '23_J&D15
Salt Lake City Un Dep & RR-1st M 55 1938 MAN
San Ant & Aran Pass—SeeSoPacSan Fr & S Jo Val—See ATASFeBan Fran Term—See Sou PacificSanta Fe Pres & Ph—See AtchSault Ste Marie Bridge—
let M s f g 5s July 1 1937_J&JBay Fla&W—See At! Coast LineSav&States—let g gu 55 '83 J&JSchenectady & Duanesburg—
lst guar (is 1924 M&SSchuylkill River E S—See B & 0Scioto Val & N E—See Nor & WSeab Air L—ist g 4s 1950 A&O
Stamped Adjust M Sts Oct 1 1949_F&ARef g 45 1959 opt A&Olet & con as 1945 Ser A_MAS7% g notes Sep15'23__M&S15Eq g 55 Aug'22-Aug'23 FA Al5Equip trust 6s 1922-27_ J&DAtlanta-Birmingham Divis—
lst g 4s May 1 1933 _M&SCar Cent 1st g gu 48 '49_ _J&JFlorida Cent (lc Peninsula-
1st g 55 1918 ext to 1923at 6% Jtstj
1st 1 g ext 5s gold 1930_ J&Jlet con 55 gold 1943_ J&JSo Bound lat g 5s '41_ _ AA°
Georgia & Ala 58 Oct '45_J&JGa&Ala Term 1st g 5s'48 JADGa Car & N—lst 5s g '29_J&JRaPh&Aug'sta—lst 68'20 J&JRaPh&Gast'n—lst g5s'47J&JSeab&Roanoke--lst5s'26 J&J
Bid.
9887%87100)4959596%92
85
Ry
80b5.80%
85GrandeGrandeRio Gr
90Pac
70%
81%72
b 6.25
60935574%
NWMisc C
72%863498,479%68%
b5.70%
103%97%809895%
78%687580%
b 6%b 6%
7882%77%80
90
& N WR I &
91%10996%90%
89%99%108%101%100
Ask. Bonds. Bid.
Seacoast RR of N J 5s '48_A&O 92___ Seattle Term 6s 1922-1930 8834 Sebast & Mooseh 1st 5s '28 M&S
Shamokin Sunb'y & Lewisb'g-102 2d 6s g July 1 1925 J&J 97
Sherman Shrev & Sou—See Mo Kan &Shreve Brdg & Ter—See St Lout s SouthSierra Ry of Cal-
1st s f 6s g Apr 12 '37_A&012Sioux C & Pac—See Chic A N WSodus Bay & Sou—See Penn RRSomerset Ry 1st & ref 4s '55 J&JSo Caro & Ga—See South RySouth Bound—See Seaboard A LSou Indiana—See Ch Terre Hau te & SSouthern Pacific Co—
Coll tr 4s (C P) Aug 1'49 JAD 88Cony g 4s J'ne 1'290p'14 M&S 9034Cony g 5s 1934_JAD 1033%Eq 434s 1922-Sept 1923_MScS b5.259'Equip 7s 1924-1935 JAI) 65.409Pacific Fruit Express equip 7s
ande June 1 1925-1935 (y'ly)J&DAust & Nor 1st 5s g '41__J&J
93 Central Pacific-1st refdg 4s g g'd '49_F&A1st g gu 4s Oct 1 1954_A&OM 334s flig'd Aug l 1'29 JAI)
G am21dy ee s (tt o p5n ai9vr3r 111 ss gbt 55 ,3 m j8a A nt—Nj
75 Gila Val Globe & Northern-5.50% 1st g 55 Nov 1 1924_ _MAN 98
Houston East & West Texas-1st 5s g May 1 1933_ _ MANlet guar g 5s Mar '33_MAN
Houston dr Texas Central-1st 1 g 5s 1937 J&JWaco&NWDiv6sg'30 MAN
North Cal Ry g 55 1929_J&DNo Ry of Cal 5s g gu 1938A&0Oregon & Cal 1st 5s 1927_J&JS A & Ar Pass g gu 4s '43_J&JSan Fran Term 1st 4s '50 A&OSo Pacific Br (is 1937.._ _A&O
os,p.44 Southern Pacific RR Cal-1st con g 5s gu 1937_ _MA N1st ref g 4s 1955 op '10_J&J
7234 So Pac Coast 1st g 4s '37_J&J8734 Texas & N 0-9934 Consol gold 5s 1943 J&J80 Dallas Div 1st g 4s '30 F&A09 Southern Railway-
8.30% 1st consol gold 5s 1094.. J&JDevelop & gen M g 4s '56A&ODev & gen 634s '56 tempA&OEq tr 6s Jan 15 '23-'3 5_J&J15Eq tr 5s 1922-24 A&OEq tr4 )4sMay15'2222611/1& N15E Tenn reorg lien 513 1938 M&S1st Mem thy g 5s 1996_ _ _J&J
81 St Louis Div 1st g 45 1951 J&J6934 Aiken Br let g 4s 1998_ _ _J&J7534 Atlanta & Charlotte Air Line8034 1st M 45/as 1944 ser A_J&J
5.50% let M 58 1944 ser B____J&J5.50% Atl & Danville 1st 4s '48_J&J81 2d g 4s 1948 J&J
Atl & Yad 1st gu g 4s '49_ AA°8234 Aug South g Ss 1924___J&D81 E T Va & Ga—Div g 58'30J&J
Consol let g Ss 19136 __MAN95 Ga Mid let g 35 1946_ _A&O
Knoxv & 0 1st g es 1925_J&JL dr N So joint g 4s—See LAN
Pac Mob & Birm pr lien8t1'45 J&JGen M g 4s 1945_ ___ _JdEJ
94 Mobile & 0 col tr 45 '38 M&S111 Rich&Dau deb Ss stpd'27A&O
Richmond & Mecklenburg—let g 4s Nov 1 1948_ MA N
So Caro & Ga 1st 34s'29MANVa Mid Series E 5s '26-- MAE)
9034 Series F 55 1931 M&SGen'! 58 1930_ MAN
Va dr Southw Ss 2003_ _ __J&J1st con g 58 1958 A&O
Wash 0 & W 1st gu 48'24 F&AS & N Ala—See Louis & NashvSouth Pac Coast—See SouthernSpartanU&Col—See Ashv&SparSpokane Falls & Northern-
1st Os g 1939 J&JSpokane International—
let g Ss 1955 J&JState L & Sulliv 45is '29 J&JStaten Isld Ry-'-See Bait & OhioStephenv N & S Tex—See St LSuff & Carolina—See Nor! Ss ScSunbury Hazleton & W-B-
1st bs May 1 1928 MAN2d mtge Inc Os '38 coup_ MAN
10236 Sunbury & Lew—See Penn RRSuperior Short Line—See Ch StTacoma Eastern—See Chic Mil
61 Tampa & Jacksonville-5834 let M Ss 1949 ctf dep_Adc02834 Tampa North 1st Ss '36 op_J&J43 Term RR Assn (St Louls)-593% 1st gold 434s 1939 Adc0
let consol gold Ss 1944_ _F&A5.O.O - % Gen ref s f g 4s'53 op '10_J&J5.60% St L Br let g 75 1929 A&O
St L Mer Bdge T-58'30 A&O7134 Mer Bdge 6s '29 op '09 FAA82 Terre Haute & Ind tia 1925_J&J
Terre Haute & Peoria—let con g 55 Sept 1 '42 MAS
99 Texas Central—let 1513 '23_A&OTexas & New On—See So PacTexas & Okla—See M K & T
8854 Texas dr Pac let 55 2000 JAD2d Inc g1313 Dec 2000 MarLou Div 1st Ss 1931 J&JWeatherf'd Min W dc North
1st gu g Ss 1930 F&AToledo Can Sou dr Det—SeeMic
5.817),
90 98
80 85
Top & S Fe
80
101
59)658%2842%59%
"(W,6%
7006%
97%8886%86%76%8090%988789%
Ask.
65
b5.40%98
86%8389%
97%94
91390
073495%
99%7781108%
100%87%90%
91%
95%66%99%
b5.75c/1,5.611b5.60 o93%93%78%65
92%96%76%6676%4097%97%62100%
90%7473%96%
70%97%98%96%98%9681%95%
Pacific
104
79%
SW
9598
P M && St P
35
9395%80%10694%
95
95f 5886%
74%h Cent
Bonds. Bid. Ask.
Toledo & Ohio Central—• let Ss g 1935 J&J 951%West Div let be g 1935__A&O 931%Gen g 5s 1935 Eq tr 4%s 1923-27 (yr)
_1 87 % 13 b 5.60 5.30%
Tex Hams et Mica 1St 48 lasso Adzu 81 84western 2d M g bs l927.._J&J 9534 9534
Eq 45/asJuly'22-July'24__J&J b 5.60 5.35%Eq tr 6s 1922-35 (yr).J&J15 b 5.55 5.30%
St Mary's Div 45 g 1951_ FAA 65 75Toledo Peoria dc Western—jdo
let g 4s July 1 1917 Toledo St L & Western—Pr lien g 334s July 1 1925 J&J 9034let g 4s Apr 1 1950 A&O 6634Co! tr g 4s Ser A 1917 F&A 35
89 Union Tr elf dep 283491 Tol Term 1st 434s '87 gu_ _MAN 80
To! Walh Val & 0—See PennRR59 Toronto Ham & Buffalo-
5.15% 1st g 4s June 1 1946 Troy & Boston—See Fitchburg
8.20%
rgD
5.20% Ulster & Del con bs 1928 J&D 9034
Union Pacific-100 let ref g 4s 1952 A&O 63
87 1st Ry & I g 48 g 1947___J&J 913% 928334 Cony 4s 1927 J&J 91 9434893% 1st & ref 4s June 2008_ __WES 85% 86
98 . Eq tr 75 1924-'35 (yr)__JAD b 8.30 8.10,Y0J&J 10334 107,10-yr 6s July 1928
Pacific Fruit Express eq—see South PacificOre RR & Nay—See Ore-Was h RR & NayOreg Sh Line 1st g 6s '22_ F&A
let consol se g 1946_ _J&J 10134 98 1st congu 5s 1946ctf___J&J 102 10334
Ref g gu 4s '29 op '07_JAD 90 91Utah A Northern—
let 7s'08ext at4%to'33 J&J 91Consol gold Ss 1926___J&J 9834
98 Union Terminal Co (Dallas)-101 let g 5s 1942 op 1922___A&O 949934 United N J RR & Canal Co-78 General gold 4s 1923____ FAA 9836823/a General Old 4s 1929_ ___MAS 93
General gold 4s 1944_ MAS 883Gen let g 33/as Mar 1 '51 M&S 7654
1033/a Upper Coos—See Maine Central8736 Utah dr Northern—See Union 1, acific9134 Utica & Bi R—See NYC&H
Utica Clint A Bing—See Del & Hudson96 Vandalla RR—
Cong 4s 1955 Ser A FAA 8634Ser B 1937 MAN 8534
953% Vera Cruz dr Pacific RR-663/8 1st g 43/as 1934 opt jsrs 4234993/8 July 1914 coupon on
5.30 Verdig Val Ind A W—See Mo Pa5 Vermont Val let 43is '40_A&O54 Vicks Shreve & Pacific-96 Pries '15 ext. 8% '40___MAN95 Gen 56 May 1 1941
M
94 1st M g 5s 1962 opt
80% Virginia Midland—See So pARAyANN 95 8.9460%75 Va & Southwest—See Southern
Virginian Ry-
973% Eq 6sApr'22 Apr30(s-asA,to b 5.757734 Waoash-1st gold 5s 1939_ MAN 9734 98
21 gold Sts 1939FAA 8614 8734
=7:0 I t lien term g 4s 1954_ JA IDeb mort 63 ser B 1939 &J
Winaton-SalemSouthbound—____ 1st g guar 43 1960 .1,1ci 80 8234
r753477
77%
Ry
75
9580
6834b 5.80
907476%66%
8085)4
e Tex a
87%98%93
RR Co
/ 60
97%95
91)469
82 •
84%
70
93%
90
99%
87%
45
9892
5.35%
8067%
Pac
813%8365
80
87%98%95
93%
8065
b Basis. /This price includes accrual interest. k Last Site. I In London. n Nomtnal. s Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] RAILROAD STOCKS - PUBLIC UTILITY BONDSNOTICE.—All bond prices are "and interest" -except wher
e marked "f" and income and defaulted bonds.37
WiscMt
SuMl
W in4s
Yose
RAAla
erAlabAlbaAtlegAnnPr
A tchPr
AltarAllaA tlaAtlaAltarAllaAugBattPr
ButeBastBast
Pr1st1stle1st
B 'atB altB iff
PrB 1ff
PrCamCa isCa la
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erC .ta
adC syC tutC testC tic
PrC ticChic
NeC tic
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erC tics
PrC aicPr
Chic
ChicPr
ChicCluePr
CincPr
CinciCin SCloyPr
CloyBe
Colo1st2d
ColnConcConnCripPr
CubaDa_ytPr
DelayDelayDelayDelayDenyPr
Des IiPr
Detr
Bonds and Stocks. Bid. Ask. Stocks. Par. Bid. Ask. Stocks Par Bid. Ask.
Con Ry-1st M g 413149JdrJtrshfield & South East Divttr mon 1st g 4s 1951_ RISENp & Dul Div 4s 1936__ McieNnneap Term 330'500p Jtir.I4ash&Roch-4sJan'30 J&JOct 1 1934 A&Onite Val s f g be 1936__J&J
ILROAD STOCKS. Par.treat Southern com___ 50sferred 50anna & Vicksburg 100 ny & Susquehanna(gu)_100heny & West (guar)___100Arbor common 100sferred 100Top & Santa Fe 100sferred 100Its Birm & Atlantic_ 100t & Char Air L (guar) 100tta & West Point 100Mc Coast L Co of CL_ 50 Mc Coast L RR com_ _100ttic 1st leased lines rent trsta dr Say (guar) 100dr Ohio—Common 100sferred 100a Creek (guar N Y Cy._ 50& Alb (guar N Y C) 100m de Maine 100sferred 100pref A 100pref B 100 prof C 100pref D 100& Proy (guar Old Col)_100un Rev Beach dr Lynn....100do Roch & Pittsburgh 100sferred 100& Sus q RR Corp com.._100sferred 100len & Burl Co (guar).._ 254da Southern 100(Ilan Pacific 100iferred 100Clinchtteld & Ohio com 100 starred 100 N18811 RR—lst pf (guar) 50pref (guar P dr R) 50ga dr Susq (gu D L & W) 30al of New Jersey 100apeake & Ohio 100'go & Alton RR 100iferred 100igo Burl & Quincy 100& East Illinois new corn_w preferred Gt West com 100iferred 100Ind & Louisv corn 100 lerred 100 go Milw & St Paul.. ......100ferred 100'o& North Western 100tferred 100R I & Pac corn 100, pref 100, met 100'go St Paul Minn & 0_100iferred 100Terre Haute & S E__ _ _100 Indianapolis & Western 100iferred 100New On & Tex Pac__ _100iferred 100nnati Northern 100andusky dr Cleve pref 50Cin Chicago & St L-100,ferred 100& Pitts (Guar Pa RR)._ 50,term't stk (Cu Pa RR) 50ado dr Southern 100preferred 100preferred 100nbus dr Xenia (Guar)._ 50n'd & Ports (guar) 100 & Passumpsic—Pf (gu) 1004e Creek Central 100ferred 100RR preferred 100an Sr Mich com (guar)_ 50f (guar C H &D) 50rare & Bound Br (gu)_ _100rare & Hudson 100rare Lack & West 50rare 25or dr Rio Grande 100forred 100(battles & Fort Dodge.... 100 ferred 100 it Hills & S Af (guar) 100
80%
6236 793.I6075664236
d 50d 55
18510017449/99%903%434
155115
d1053%
Id 7892506136
4 36151283%3241
- - -73155356394835123521413%
ld 79
d 38d 38d 3818236683 8113619167373454349342236
2736437611245349734833%6596
, 712210x9794
d 50698734
d 68d 38
4934603454
d 85
77111
Id 48d 32d 70145122
d 12434d 37
---$ ---
72
8036
8034
5258
1951081846993%9134494
165130
a 102106829551613440152293442606374
457295
28
14281
424245185683%1136193%1753794553493%2334
273%4336753411345349884669836
1015
100607034899472415034613457
803165236
15512512640
a 65c.
80
Detroit dr Mackinac 100 Preferred_.... 100
Duluth South Shore & Ati_ _100Preferred 100
East Penna (guar P dr R)_ 50 Elmira & W'msport (guar) 50
Rich & P & It F dr C Conn__ 70Rio Grande Southern 100Roch & Genesee Val RR_ 100Rome & Clinton (gu D & H)..100
Rutland preferred 100St Joseph & Grand Island_ _100
let preferred 1002d preferred 100
St Louis Bridge let pref..... _1002d preferred 100
St Louis-San Fr stock tr ctfs_ 100Pref stock tr ctfs Ser A__ _100
St Louis Southwestern 100 Preferred 100
Saratoga & Schenectady (gu)100Seaboard Air Line corn 100
Preferred 100 Sharon 50
Southern Pacific Co_ 100£ Southern Ry common 100 Preferred 100 Mob & Ohio stock trust ctfs_
Southwest'n of Ga (guar)___106Texas & Pacific 100Tol St L & W ctf dep Series B __
Prof certif of deposit Series B_Troy & Gr'bush (gu N Y C)_ 50Tunnel RR of St Louis 100Union Pacific—Common 100
Preferred 100United NJ RR dc Canal (gu) 100Utica Chen & Susq Val (gu)_100Utica Clinton & Binghamton100Valley RR (N Y ) (guar)___ _100Vermont & Mass (guar)__ ....100Virginian Railway 100Wabash Railway 100Preferred A 100Preferred B 100
Ware Riv RR (gu B & A)_ _100--Warren N J (guar D L ) 50& P;7West Maryland Ry com___ _100
1st preferred 1002d preferred 100
Western Pacific RR Corp......100Preferred 100
West Jersey & Sea Sh—Com.50Wheeling & Lake Erie Ry 100Preferred 100
Wisconsin Central 100Wrightsville & Tennille, COM 25
American Teleph & Teleg Co—Coll trust gold 45 1929.... _J&JCony g 48 '36 cony af'09.M&SCony 436s '33 op aft '25_ M&SColl trust 5s 1946_ J&DCony 6s Aug 1925 F&A8% notes Feb 1 1924._ F&A8% notes Oct 1 1922 A&O
Amer W W & El 55 1934_ _A&OAmericus Ltg let s f 6s '37_ A&OAnacos dr Pot River RR—See WAppalachian Pow 5s 1941 ._JiirD707,, epic] bonds Amt. 1 '36 RfrA
903486341029734115101100368080
ash Ry873497
91873410234973411510110034813485
& Elan889R
I This price includes accrued interest. k Last sale. n Nominal. r Canadian price. a Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
38 PUBLIC UTILITY BONDS [VOL. 114.NOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Bonds.
Ardmore St Ry—See Phila CoArizor Pcw Os '33 opt '13_ M&NArkansas L & P 1st 65, '45_A&OCon-, 8% notes 1931_ _ M&N
Ashevifle (N C) Pow & Light—let 5 1 g 55 1942 opt__ _A&O
Ashland (Wis) L, Pow & St Ry1st M gold 55 1939 J&J
Atchison Ry, Light & Power-1st 5s Nov 1935 M&N
Athens (Ga) Ry & Electric-1st & ref s f g 58'50 op '15 J&J
Atlanta Cons St RR—See GaAtlanta Gas Lt 58 g 1947_ J&DAtlanta Nor Ry—See Ga Ry &Atlantic Ave RR—See Bklyn RAtlantic City (N J) Gas-
1st g 55 Jan 1 '60 opt '20_J&JAtl City & Sh RR-58 '45_J&DAtlan Coast El 1st 5s '45_ _ MeGNAuburn SG Syracuse Elec RR-
1st & ref g 55 '42 opt '12_A&OAugusta-Aiken Ry & El Corp—Sink d g 5s Dee 1 '35 opt J& DAugusta Ry & El 58'40J&D
Aurora Elgin & Chicago BR—IM & ref g 55 1946 opt_A E & C Ry 1st g 58 '41 A&015
Salt & Ann S L—See Md El RyBait Elec lot g 55 '47 gu_J&DBait SpP&Chee—Seelln Ry & ElBait Traction—See Un Ry & ElBangor (Me)Po 4-4 %-5s'31M&SBangor Ry & El 1st 58 1935.J&JBaton Rouge Elec Co-
1st M 55 1939 F&A7% cony g notes 1923__J&J
Bay Counties Pow 581930_MSGSBeaver Val Tr gen g 58'53_M& NBell Tel Canada deb 5s '25.A&O
1st 7s Apr 1925 A&OBell Telep of Pa7s '45 Ser A A&OBinghamton (NY) L, H & P-
1st ref 5s 1946 F&ABinghamtRy 5s '31 op '11.MSENBirm Knox & Al—See Phila CoBirm Ry, Light & Power—Genre! g 43054 op '09_A&ORef & ext g 6s 1957_ _ M&NBirm Ry & El 1st g 5s '24_J&J
Blackstone Val G&E 58 '39_J&JBleecker St AG F ul Ferry—See NBlue Lakes Wat 1st 68 '38M &SBoston El L 1st con 55 '24_M&SBoston Eley Ry 45 1935_ __ M&NDeb g 4%s Oct 1 1937 ASGODeb g 4%-s Nov 1941___M&NDeb g 55 Dec 1942 J&DDeb 6s Mar 1924 M&SWest End St 58 1932.__M&N58 May 1936 M&Ntis March 1944 M&S4%s Jan 1 1923 75 Aug 1924 F&S75 Sept 1947 M&S4%s July 1 1930 J&J45 Aug 1 1932 F&A63s Feb 1927 F&A
Bost&Wore St Ry 4%s '23 F&ABrazilian Tr Lt & Power-6% gold notes Nov 1 '22 M&N
Bridgeport Gas Lt 4s 1052 _J&JBridgeport Hydraulic Co—b% gold notes June '25
BwaydG7thAveRR—SeeNYRysBway Surface RR—See N YRysBronx G&E 55 '60 op aft'20 J&JBklyn Boro Gas 5s 1945 op J&DBklyn City & New RR—See C IBrooklyn Edison Co—Gen M 5s ser A 1949_ _ _J&JGen M Os Ser B 1930_ _ _J&JGen M 78 Ser C 1930____J&JGen M 78 Ser D 1940_ _ _J&DKings Co El Lt & P—See un
California Gas & 'Elec Corp—Sink fund g 58 1933 opt_ M&SUnit & ref g 5s '37 op s f M&NCal Cent Gas SG El 5s '31 F&A
California-Oregon Power-1st & ref 73.48 Ser A 1941P&A 104
Cal Pac Ry—See Pacific Elec R yCalumet & South Chicago Ry-
1st M rehab g 58'27 op'12F&A n 72Camden & Sub Ry—See Public ServiceCanadian Gen Elec, Ltd—Deb g Os 1942 Ser AA&O 101%
Canadian L & P 58'49 op'14 J&J 75Canal & Claib RR—See N 0 Ry & LCanton-Akron Con Ry 5s '33 J &J 70. Can-N Phila g 58'23 op FSGA 99
Cape Breton Elec Co 53 '32_J&J 82Capital Trac (Wash, D C)-
1st g 55 June 1 1947 J&DCarbondale Ry 5s Nov '33_J&JCarolina Pr & Lt 58 1938_ F&AYadkin River Pow SG Palmetto
L Jt Os 1924 J&JCass Av & F'r Gr'ds Ry—See UCentral Ark Ry & Lt Corp-
1st 1 s f 58 1928 M&SCentral Calif Tr 5s 1936_A&OCent Crosst RR—See N Y RysCentral District Telephone--
1st s f g 5s 1943 op '18_ J&DCent Ga Pow—See Ga L Pow &Cent Hud G & E 5s 1941 J&DCony deb 6s 1925 A&OCony deb 7s 1935 J&J
Central Ills Lt 1st 58 1943_A&OCentral Illinois Public Service-
1st & ref g 5s 1952__FSGACent Indiana Gas 55 193EMSGSCent MainePow 58'390p'19M& N
1st & gen m 75 1941_ ___J&D1st & gen 6s 1942 J&J
Central N Y G E 5s 1941_J&JCent Pow & Lt 6s 1946A&OCentral Ry-SeeUnRy&E1(Balt)CentStatesEl 5% g notes'22J&DCentral Trac—See Phila CoCharleston Cons Ry Gas & El—Consol g 5s 1999 _____ M&SCh City Ry 1st g 551923_J&J
Chattanooga Ry & Light-1st & ref g 5s 1956 op '16 M&NChatt Rys 1st cons 55 '56M&N
Ches & Pot Tel 55 '29 op'09 J&JChes & Pot Tel of Va 5s'43 M&NChicago Aurora & Elgin RR—Ref & imp 7s 1947 w 1 Debenture Os 1972 w I
Chicago City & Connecting RysCol tr s f g 55 Jan 1 1927_A&O
Chicago City Ry 1st 5s '27_ F&AChicago Elevated Rys-5% notes 1916 ext 1919_J&J
Chic June RR 45 1945_. M&SChic North Shore & Milw RR-
1st M g 5s 1936 .14r.17% gold notes '30 Ser A_J&D
Chicago & Oak Park Elec Ry—Lake St El 1st 55 1928 gu_J&J
Chicago Railways Co-1st m g 5s 1927 opt____ F&ACon M 5s Ser A Feb '27_ASGO
Series B Feb 1927 J&DSeries C Feb 1927&A
Pur mon 4-5s Feb '27 op.J&JAdj Inc 4s Feb 1927 op_ May
Chic Sou Bend & Nor Ind RR-1st g 5s Jan 1 1937 J&J
Chicago Telep 55 '23 op '13.J&DChris & 10th Sts Hit—See N YCicero Gas—See Northwest GasCin D & T Trac gold 55 '22_J&JCincinnati Gas & Electric—
let & ref 5s 1956 Ser A_ _A&O8% cony notes 1922.... J&D7% gold notes 1922 J&D6% notes Mar 15 1922M &S15
Cincinnati Gas Transportation-1st 55 1933 guar OD '13 J&JDouble guarantee_
Cin New & Coy Ry 5s 1922_J&J2d g 55 July 1922 J&JSo Coy & Cm n 6s g 1032 J&J
Cities Service Co—Cony g deb 78 1966 Ser C_J&J
Citizens' Gas (Indianapolis-1st & ref g 55 1942 J&J
Citizens L, H&P(Johnst'n, Pa)1st g 5s 1934 opt 1914_ _M& N
Citizens' Ry ac Lt—See MuscatiCitizens St Ry—See Ind Tr &Citizens' Tract—See Phila Co.City Elec San Fran 5s 1937_J&JCity & Sub Ry—See Port (Ore)City & Sub Ry—See Wash Ry &Clev El Ill 1st 55'39op'24..A&O
1st M coil 7s 1935 J&JGold deb 7s 1941 F&A
Clev Painesv Sr Ashtab Elec-1st gold 5sJuly 1 1922___J&J
Clev Pains & East Con 58 '18—Ext at 7% to 1923...... ..A&O
Gen & ref gold 5s 1926_ M&N 1 10 20102 Col Buck Lake & New Trac77 1st gold 581921 ALIGN 1 12 30
Zanesv R,L&P 5sMar'24ASGO 80 Colum & 9th AvRR—See N Y Rys9934 Columbus (Ga) Pow5s'36_ASG0 94 9685 Columbus Ry Pow & Light-
1st ref SG ext s f 5s 1940_,A&0983 9834 Ref m g 6s 1941 J&D60 Col Ry 1st 4s '39 opt '14_Q&J91 93 Col St Ry 1st 58 g 1932_J&J
Cross St 1st 58 g 1933_J&D96 Com'cial Cable-4s g 2397_Q&J
y (StL) Commonwealth-Edison Co-1st g 55 June 1 1943__M&S
91 93 1st g 6s June 1 1943_-__M&S7% coil g notes 1925_ ___J&D
Corn'weath El 5s J'ne'43_M&SCom'w'th L & P 68 1947_ ..M&N
9834 9934 Commonwealth Power Corp—Rys S f g 6s May 15 1917_M&N1580 Commonwealth Power (Mich)-85 1st g 5s Dec 1 1924 J&D75 Compt Ms & Mer Ter—See Un89 91 Conemaugh Power 8s 1930 A&O
Conestoga Trac 1st 48 'SO_ J&J80 83 Coney Isl SG Bklyn RR 4s'48J&J85 Consol gold 48 1955___J&J9314 05 B C & N 1st cons 5s 1039 J&J10234 101 Conn L & Pow 1st 58 1939_J&J9734 100 1st & ref s f 78 '51 ser A M&N Connecticut Power 55 '63_A&0 1st SG coil tr 58 1956 _J&J
7% notes Dec 1926 993% 100 Conn Ry dr Lt 434s 1951_J&J
Stamped guaranteed opt'L _ _Conn RI, Pow 1st Ss 1937_J&D
83 Consolidated Cities L P & Tr-99 100 let lien 8s 1962 stpd____J&J
Consol Gas of Bait 5s 1939_J&J74 Gen g 434s Apr 1954___A&0
f 75 85 C msol Gas Elec L dr P (Balt)-9634 9736 Gen g 434s Feb 14 1935__J&J9134 1st & ref s f 734s 1945__J&D
tat ref s f 7s '31 ser CA&O85 7% notes Aug 1922 F&A15 C msol Gas N J 58 g 1936___J&J
1st ref 5s 1965 A&O51 5134 C msolidated Gas (N Y)-8034 8134 Cony g 78 Feb 1 1925.___Q-F
7s Dec 1 1922 J&D ---_ Underlying cos—See NYGEL -- C msol Ltg Co(Vt)18t53'26J&J
, 823% 83 Cons g 48 1930 F&A 74 Cons Ry & Pow (SaltLake) See48 4934 Cons Tr(NJ)—SeePubServCorp
Con Wat of Utica-18t5V30.J&J51 Deb 58 Jan 1'30 op 1011...J&J25 Consumers El L&P (New On)-
1st M Ss 1936 J&J40 50 Consum L H dc P Co (Ellz,N J)9934 100 Lis 1938 J&D
Rys Consumers' Power Co (Mich)—Light & Coke let & ref g Ss 1936 op'16_JSGJ
Gen & ref 75 1930 Ser A _J&JGen dr ref 75 1935 Ser B__J&J
96 0634 C ontinental Gas & Electric-110 --- - 1st lien coll tr 5s 1927_ _M&N10034 Crosstown St Ry—See Col Ry &10034 Cross St Ry—See Int Tr (Buff)
Camberland Co (Me)Pow&Lt-9834 1st & ref g 58 1942 M&S9834 Carnbland T & T 5s 1937__J&J99 Cuyahoga Telep lot 78 '4E J&D98% Dakota Central Telep Co-100% 1st gold Os 1935__ ___ J&D
Dallas Gas lot g 50 1925opM&N9634 D illas Pow & Lt 68 1949_ _J&J
Danv St Ry&L Co 53'22-'25.1SO87 8934 Danville Urbana SG Champ Ry-
8434 Dos Moines de Cent Ia Elec Co- -- S F 68 1937 op Ser A ..M&S95 95 S F 5s 1937 op Ser B___M&S95 9e34 Das Moines City Ry 55 '36_J&J90 93 Datroit C Gas 5% g M'23__J&J
Prior lien 58 1923 J&J84 88 Det & Sub Gas 1st 58'28J&D
f This price includes accrued interest. k Last sale. a Nominal. r Canadian price. $ She price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 19221 PUBLIC UTILITY BONDSNOTICE.—All bond prices are "and Interest" except where markei "f" and income and defaulted bonds.
39
Bonds. Bid
Detroit Edison 1st g 55 '33_J&J 98lst&ref 5s July 1 '40 M&S 95ist&ref Os July '40 Ser B M&S 1023Cony deb 88 Jan 10 1931__J&J 110
Dot United 4%s 1932 opt_J&J 83%1st m s f 88 1022 F&A 1001st m s f 8s 1941 F&A 102%7% coil tr notes
1923_- A&O 100
Dot Ry 1st 5s '22-'24 J&D 93Det Ft Wayne & Belle Isle-
1st g 55 Apr 1 1928_ _ Adc0 88Dot Mon (lc To! Short Line Ry
1st M g 85 Jan 1933___J&J 863Dot & Pontiac-5s g '22_ F&ACons g 4%3 '26 op '11_J&D 82
Dot & Pt Huron Shore Line-1st g So 1950 J&J 75
Dot YpEill Ann Arbor &Jack-1st g 58 1926 F&A 86D Y &A A Con 68 1924—F&A 90DDEB&B RIt—See Third Av RyDuluth Ed El let 5s '31op_M&S 93Duluth Superior Traction Co—Duluth St Ry 1st g 53'30M&N 85Gen M 58 1930 M&N 76
Duquesne Light—See Philo, CoDuquesne Trac—See Phila Co—Eastern Mass Street Ry Co—
Serial ref 6s Jan 1923-1929_ b 63%Ref M 43-is 1948 J&J 1 63Ref M Ss 1948 J&J 1 70LowLaw&H lstg5s'23opJ&D 92Lynn & Bos 1st 5s g '24_J&D 92
Eastern Pa Rye let 5s 1930 .J&J 74Eastern Tex El Co 58 '42_M&N 887% cony g notes 1923M&N 99M
East Bay Water 53s 1946_J&JUn & ref 73s '36 ser A_M&S 103
East St Louis (Ills) Lt & Pow—lot 55 1940 J&D 87
East St Louis & Suburban Co—Coll trust g lis 1932 opt_ A&O 76Alton Granite & St L Trac—
1st M f g 5s 1956 J&D 87Edison Elec Ill of Boston-7%5 jogllinontoetses11902223_
104 _ _ F& A 1003
5q62, gold notes1925 100%Edison Elec Co (Lancaster)—
Refund 55 1943 F&AEighth Ave RR—See N Y RysElec & Poop—See Phila Rap TrElectrical Securities Corp—
Coll tr g s f 58 1935 opt F&A 80Eliz Plaint & Cent JtSee PublicEliz & Trenton RItfServ CorpElmira Water Light & RR-
1st & con g138 1956 M&S 87El Paso El Co coil tr g 5E; '32 J&J 907% notes 1925 J&J 99%
Empire Dist Elec Co-1st 5s1949 M&N 78
Empire Gas & Eiec and EmpireCoke it lst&rof 58 '41 op M&S - - - -
Empire Gas & Fuel-1st M s f tts 1926 M&N 986% notes June 15 1924_ _ _J&J 1003(lst&reconv 7 %s'37SerA M&N 98%
Equit G & E Utica 58 1942 Mc° 93Equit Ill Gas, Plana, 55 g'28 J&J 100Erie El Motor s f g 38 194L A&OErie Ltg 1st M
5E41967_- - _A&O 89
Evansv G&E L 53'32op'12 J&D 88Evansv & Sou Ind Traction—Evansv & Princ 1st 58 '23A&O 93
Excelsior Springs Wat Gas & El1st M Os 1932 op J&D 80
Fairmont & Clarksburg Trac'n1st g 58 1938 op 1913 A&0 90
Federal Light dr Traction-1st s f g 5s 1942 opt M&S 811st lien g Os 1942 stpd_M&S 92
Fed St & Pleas Val—See PhileoFt Pitt Trac—See Phila CoFt Smith Light & Traction-
1st M g 58 Mar 1 '36 opt M&S 79Ft W Van Wert dc Lima Trac—
lot M g 58 1930 guar_ J&J .1 25Ft Worth Pow de L 58 '31_ _F&A 933-42d St M & St N Av—See Third Ave flyFrank! Tacony & Holmesb Ry—
lot g 58 July 1940 J&J 47Galv Elec Co 1st 5s '40 op_ M&N 83Galveston-Houston Elec fly—
lot Msfg 5s 1054 opt_ _ _A&O 84Gas&EI of Bergen Co 58'40 J&D 88Gen 58 Nov 1 1954__ M&N 84
General G & El lot 53 '32_ _J&J 786% gold bonds 1929____M&S SI
Geor Row & Ips—See Bos&Nor St RyGeorgia Light Power & Rys-
1st lien s f g 11s 1941 opt M&S 75ContGaPow5s'38 op '13 M&N 85
Georgia fly & Elec 5s 1932_J&J 93ltefg & impt g 58 '49 s f J&J 87Atlanta Cons St 5s 1939_J&J 94Georgia Elec Lt 5s 1930_J&J 93Atlanta Northern fly Co—
lot guar 55 '54 op '00 J&J 87Georgia Ry & Power-
1st dc ref s f 58 1954 op __A&0 88Gen M Os 1947(1922 Sol') A&O 95
Grand Rap Gr Hay & Musk fly1st g 55 July 1 1926 J&J 82
at Falls Pow 1st 58 '40 op M&N 973Great Lakes Power, Ltd-
1st M Os 1922-1944- -
_ _M&N 6% toGreat Nor Pow Os 1935 F&A 91
Ask. Bonds
98% Great West Pow 5s 1946 op_J&J95% Cony deb 68 1925 M&N10234 lot & ref Os Mar 1949_ M&S111 Gen M cony 8s 1930____F&A83% lot & rot 7s 1950 Ser B_ J&J101 Greensboro Elec—See Nor Caro1013% Cireenwich Tram 1st 5s '31_J&J10034 Hackensack Wat 49'52op'12J&J95 Hagerstown & Frederick fly—
lot & ref 6s 1944 A&O01 Hamburg fly—See Buff & Lake
Harrisburg L&P 53 1952_F&AHart Man & Rock 55 1924_A&O
_ Hart St Ry—lst g 45 1930_M&S85- Harwood El 55 '39 op '14___J&J
lot & ref s f g Os '42 op_ M&SHavana Elec fly L & Power—Gen M bs 1954 ser A__*_M&S
90 Havana Elec fly 5s 1952_ F&A91 Helena LdcRy lot 5s '25 op M&S
Indiana Power 6s 1944___M&N1st lien 754s 1941 ser A_M&N8% cony notes 1922-25 _A&O
Indiana Service Corp—lot & ref m 5s Jan 1 1950_Adjustment mortgage
Indiana Union Traction-1st g 5s July 1 '33 op '08 A&OIndiana Nor 1st g 5s '33_A&O
88 Indianan Columbus & Sou Tr-93 1st M g 5s Feb 1 1923_ _ F&A101 Indianapolis Gas 55 1952 A&O
Endianap L & II 5s 1940__A&081 Indianan & Martinsv Rap Tr-
1st g 5s 1932 opt J&J 58____ Indianapolis Northern—See tint on Tr o
Indianapolis & Northwest Tr-9834 lot g 5s 1932 opt M&S____ Indianapolis & Southeast Trac-9834 lot M g 55 1935 J&J
Ind Shelbyv & Southeast 1st3 g 58Jan 11932 J&J
Indianapolis Trac & Term Co—o.5-- 1st of gold 5s Jan 1 1933_A&O91 Indianan St gen 48 1933 J&J
Citizens' Steen 55 g '33_ M&N95 EndianapWat-58'26 op '11.J&J
1st & ref g 434s 1940 opt_J&J90 Interborough-Metropol Co—
Coll trust g 434s 1056_ _ _A&O92 Guar Trust certif of dep_
Enterborough Rapid Transit-86 lot & ref g 5s '66 op tax-exJ&J94 7% notes 1921 _ M&S
83 1922 (J P M receipts) New 10-year Os w i 7s 1932 w
Internat'l Railway (Buffalo)—Buff Ry 1st conM5sg'31.F&A
30 Cross St Ry lot 58 g '32_ M&N95 Buff Bell & Lan 55 1927_J&D
Buff & Lock lot g 55 1938.J&JBuff & Niag Falls Elec Ry—
lot M 55 gold 1935____J&JInternat Ry ref 58'02op_M1N
Interstate El Corp Os 1933_ M&SInterstate Rys—Coll trust g 4E1943 opt 1913 F&A
Iowa Ry & Lt (Cedar Rapids)-1st & ref g 5s 1932 op '15.s1&S
Ironwood & Bessemer Ry & Ltlot of g 5s '36 op aft '18_ FAA 7934
Jackson & Battle Creek Trac' See Mt80 Jackson Consolidated Traction' United00 Jackson(Mich)Gas 5s g '37.A&O9434 Jackson (Miss) Public Service-8934 lot M so 1034 A&O 7395 Jacksonv(Fia)Gas s f 58'42.J&D 7096 Jacksonville Trac 1st 5s_M&S 77
Jacksonv El 53 '27 opt__ MAN 8495 Jer City Hob & Pat—See Public Service
Coll trust 55 1951 F&A 81 85Laclede Gas Light—Ref & ext g 55 1934 A&O 9234 93lot coil & ref g 75 Jan '29_F&A 10034 10034
Lake Roland Elev—See Un Rys & ElecLake Sh Elec lot con g 58'23 J&J 45 50Gen gold 5s Feb 1 1933 F&A 40 45Lor & Clev g .53 '27 op '17.J&JSand From & So 5s 1936_J&JTol Frem & No 634s '25_J&J 70-- 72
Lake St Elev RR—See Chic & 0 ak Pk Elec RyLaurentide Pow 5s 1946 J&J 91 95Lehigh PowSec 6%notes'27 FAA 9034 0134Lehigh Nay Elec 6s 1943_J&J 100 102
Lehigh Valley Transit-1st M g 58 Dec 1935 opt _M&S 8934 921st M g 40 Dec 1935 opt_M&S 77 SOCons g 45 1935 J&D 72Ref & impt g 5s 1960 J&D 73 75Coll trust Os 1923 J&J 96 100Leh Val L & P 53 1943A&O 89 91
Lexington Ave & Pay For—See N Y R yoLexington (Ky) Ry—See Ky Tr & TermLincoln Gas & El 5s 1941_J&D 78 83Lindell Ry—See United RVR (St Lo uis)Little Rock G A F 6s 1937.M&N 89 _ _Little Rock Ry & Electric-
1st g 55 1933 opt 1908_ A&ORef & ext g Os l938_ .A&0 92 93
Lockport & Olcott Ry—See Int Trac( B uffa_i_o_)_Lockport L, H & P 58 1938_J&J 87Long Island Lighting-
1st M 5s 1936 M&SLorain & Clev RR—See Lake Sh Elec- 11 yLos Angeles Gas & Elec Corp-
1st & ref g 53 1939 opt M&S 923%Gen & ref g 73 1926 Ser A.M&S 101 1572734Gen & ref g 78 1931Ser B.J&D __ 104
Series C 10334 10334Los Aug G & E 55 1934__J&J 9734Los Ang Ltg 5s Apr 11'24 S&O 99 t-Z-s;
Los Ang Pac Co—See Pac El RyLos Angeles & Pasadena—See Pac El ec RysLos Angeles Ry Corp-
1st & ref 5 f g 5s 1910J&DLos Ang Ry 5s g 1938_ __A&O 85Los Ang Trac lot g 55 '38_J&D
Ry con M 55g '30___43,&s 0J 89% 001Zd mtge 434s 1940 Gen M 55 1950 FAA 79 81
Lmisville Water—See under Lo uisville p. 50.tow Law & Hay—See Eastern Mass S t RyLucerne Co (Pa) Gas & Elec-
1st ref&imp g58'48op'13A&O a 8834 89Lykene Val L & P 6s 1945_M&S 83 90Lynn de Bost RR—See Eastern Mass S t RyMacon Ry & L lot 15s '53_ _J&J 83 85Madison Co (Ills) Lt & Power—
lot g 5s 1936 Mad RiyPowlst58'35gu op_ F&A 90 oi --Mahoning & Shenango Ry&L—Penn dr Mah Val 58'22_ M&NYoungst Shar Ry&L58'31 J&J 90 94
ManhattanEl con 48 g'90_A&0 6734 682d g 4s 2013D 65
dcManila Elec RR Ltg Corp—lot lien dr col tr g 58'53_ M&S 77 80
Manila Sub Ryslst 58 1946_ M&SMan'frs Wat (Pa) 5s 1939_J&D 96 98Market St EleY Pass Ry—See Phila It TranMarket St fly (San Francisco)-
1 This price includes accrued interest. k Last sale. n Nominal. tin London. r Ciaadian price. 3 Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
40 PUBLIC UTILITY BONDS [VOL. 114.N3TICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Bonds. Bid. Ask. Bonds. Bid. Ask. Bonds. Bid. 'Ask.Mexican El L 1st M g 5a'35J&J r 45 New Orleans By & Lt (Conc .)— Northwestern Bell Telephone-Mex Li & Pow 1st 110'33 sfF&A r 553 N 0 Cy RR—Gen g 5s'43 J&J 89 92 1st M 7s 1941 Ser A__ _ F&A 10634 10634Michigan Light 1st 5s 1946_ rddeS 89 91 N 0 Cy dr Lake 55 1943 J&J 9434 Northwestern Elevated (Chic)—Pei ichigan Nor Pow 1st 5s'41J&J 85 90 NO&Carroll con 5s Feb'33J&J 95 1st M is 1941 opt M&S 75 76Michigan RR 1st es 1924_ M&N 80 85 Edison El 1st 55 1929_ _J&J 94 Union El (Loop) is g '45_A&O 72 74Mich State Telep—Ss '24F &A 983 98% N 0 Pow-House Co 55 '41 Jde.1 81 Northwest Gas L&Coke (Chic)Michigan United Rye- St Charles St 1st g 45 '52_J&J 8134 Cons g 58 Dec 1 1928 Q-M 1st & ref gold be 1936___MdeN f 22 26 Newp News & Hamp By, 0 & E Cicero Gas gen&ref 5s '32 J&J 91 93Jack & Bat Crk 1st ils'23_J&J 1st & ref 55 1944 J&J 78 8234 Norwich(Ct)Gas &E g 58'27 J&J 93 95Jack Cons Tr 58 1934__ M&NMichTrac Ext 1st 5s '23_J&J
63 94 55—
Newp't News&Old Pt By & El1st g bs Nov 1 1938__M&N 89 90
Norwich St By 1st g 5s '23 A&OOgden Gas 5s 1945 M&N
85853-4
. _88Middlesex dr Boston St Ry- Gen g 5s Mar 1 1941_ M&S M&S 70 Ohio Pow 1st 7s 1951 Ser A_J&J 104 1051st dr ref g 4%s 1932 opt_Jda
M ddle West U 6s Jan 1 '25A&O 95 553%;New York Edison Co-
1st lien & ref 6%s 1941 ..A&O 10934 10934Ohio Public Service Co.-
1st M & ref 7s '46 SerA A&O s% gold notes 1935_. M&S 102 104 N Y Gas Elec L H & P Co- Ohio Service 1st Os 1937.. M&N 96 988% gold notes 1940._ J&D 104 106 1st g 5s Dec. 1 1948 J&D 9754 9834 Ohio State Telephone—8% gold notes 1941 Milivale Etna dr Sharps—See P
10334hila Co
106 Pur mon col tr 45 1949 F&AEd El Ill, N Y, con g 58'95J&J
81983-4
..!‘:!..%. Cons de ref s f 4s-5s '44_ _Jdr.1Cony 7s Dec 10 1922.... J&D
90100
94Milwaukee Coke & Gas Co- Central Un Gas 5s g 1927 .J&J 95 96 Oklahoma Gas & Electric-1st M s f 734s 1933 _ F&A 10134 103 Equitable Gas 5s 1932_ M&S 91 97 1st Mg 5s '29 op aft '14_A&O 90id 11 El Ry & Lt—ts 1926__ F&A 97 New Amster Gas 5s 1948_Jda 8134 83 1st dr ref g 7 1941_F&A 10134 10336Ref & eat 434s g '31 opt_ J&J 82 NY&ER Gas 1st g 5s '44_J&J 923-4 94 Oklahoma By 1st& ref 5s '41 J&J 75Gen & ref g 5s 1951 opt__ J& D
Ref&lst m 734s'41 Ser A.J&D8234102 16512
Con 58 1945 J&JNY&Westch Ltg 45 2004.J&J
8275
8676
Omaha & Council Bluffs St Ry-1st consol g 5s 1923 J&J 84 867% notes 1923 M&N 100 101 Deb g 5s 1954 op guar_J&J 90 91 Omaha & Coun Bluffs By & BrMilw Light, Beat & Trac- North Un Gas 55 1927_M&N 90 93 1st cons g 5s Jan 1 1928_ _Jda 831st g bs gu 1929 opt M&N 9234 94% Standard G L 5s 1930.... M&N 9234 9334 Ontario Pow 5s '43 op to '13F&A 964 9834Milwaukee 0 L 1st 4s '27_ M&N 91 92% N Y Municipal Ry Corp— Ontario Transmission Co, Ltd-Minn Anoka & Cayuna R'ge RR lst M 58 1966 J&J/ 65 1st gu g 5s '45 op bef'16_ M&N 85341st Ss 1935 M&N _ N Y & Pa Telep & Teleg Co- Orange & Passaic Val Ry—See P ub Serv CorpMinneapolis Gas Light- 1st gold 5s Yeb 1 1926... F&A 92 94 OregonElecRy 55 1933 optM&N 50 571st gen es Feb '30 op '14M&S 75 85 Gen S Fd g 4s Nov '29M&N 87 89 Ottawa Elec 1st g 5s 1933.__J&D ---Minn (len El 1st 58'34 opJ&D 96 98 N Y dr Queens Elec Lt & Pow- Ottumwa (Iowa) Ry & Light-Minneap St Rys—See Twin City Rapid Tran 1st cons g 5s Aug 1 1930_F&A 95 98 1st & ref g 5s 1924 _ _ __J&J 94Mississippi Riv Pow fis '51_J&J 92%, 93 NY&Queens Gas 1st 5s '34 F&A 7( 75 Pacific Coast Pow 5s 1940_ M&S 91 92S f gold deb 78 1935_ _M&N 100 101% NY dr Queens Co By 4s'46_A&O --------- Pacific Elec By g 5s 1942__J&J -. 851st M 6s 1947 M&N 91 Steinway Ry—lst g (is'22 J&J 35 50 Los Angeles Pacific Co-Missouri Edison El 85 '27_ F&A 9434 New York Railways- 1st ref g 4s 1950 opt'15_J&J 76 79Mobile Elec 5s '46 op '10_ M&N 83 85 1st RE dr ref 4s '42 op'16_J&J/ 41 4334 L A-Pac RR con 5s'31 Mr0 8934 91%Mobile Gas 1st 55 1924_ J&J 92 94 Gua. Tr. ctf dep f 4034 41 L A Pa RR Cal 5s '43 M&S 8036 Mob Lt & RR—let g5s'37_J&D 70 72 Adj inc g 5s Jan 1942___A&O/ 13 1334 Los Ang dr Pas 5s g 1928_J&J Cone g Se 1941 M&S 60 62 Bankers Tr ctf dep 1034 103"s Pacific Gas dr El ref 58 '42.._J&J 90 91%Mobile St Ry 1st es '23_ M&N 94 95 Bleeck St dr FF 1st 45 '50. J&J 50 55 1st & ref 7s 1940 Ser A_ _J&D 10634 1073%Monongahela St Ry—See PhUa Co Bwaydr7th Av Cons 5s'43J&D 65 67 Pacific Gas & Elec (Arizona)-Monongahela Valley Traction- Met Trust ctf deposit__ _. 63 65 1st M 6s Jan 1931 J&J1st M g bs 1942 opt '22__J&D 81 85 Bway Surf RR 1st 55 '24_J&J 63 65 Pacific Gas Imp 4s Sept '30 Q-M 913% 92Gen mtge 7s 1923 98% CenCrosstown 1st 6s'22 M&N 60 70 Pacific Light & Power Corp-Montana Power- Col & 9th Av 1St 58 '93_ _M&SI 2034 24 1st & ref s f g 5s 1951 op_ M&S 9634 1st & ref s f 55 '43 op'18_J&J 96 9634 Eighth Av cert ind 6s'19 F&A Pac L & P Co 1st 5s '42__J&J 96Idnntreal Lt, Ut & Power Co— LexAv&P Fy 1st 5s g'93 M&Sf 48 49 Guaranteed la'arcol tr g 4348'32 op'12J&J r 92 Second Av con 5s g'48 gu F&A f 4 5 Pacific Pow & L 1st 58 '30_F&A 90%, 92Gold 58 1933 op 1913___A&O Trust Co ctfs of deposit__ f 4 5 1st lien & gen M 8s 1930_F&A 103% 105Montreal Tramways- Receiver's certificates 1919I 60 63 Pacific Teleph & Telegraph—1st & ref g 55 1941 opt__ _ J&J 8134 South Ferry 1st 5s 1919_A&O / 25 40 lst&col tr s f g 59'37 op'22 J&3 95 97%Montreal St By 434s'22_FdrA k 9634 Third Ave—See under "T." Ref M 5s 1952 Ser A _ _ _ M&N 94 94%iforningside Elec St Ry—See Phila Co 34th St Crosst 1st 5s A&O Paducah T&L col tr g5s'35 M&N _Mt Wash St Ry—See Phi's Co 23(1 St. By. bs 1962_J&J 60 65 Parr Shoals Pow 5s 1952_ _Adr0 80Muncie El L 1st 58'32 op'12J&J NY&Stamf—lst g 5s '31_ _A&O Paterson Ry—See Pub Ser CorpMuncie Hart & Ft Wayne Tr- 1st&ref g4s'58op af'14guM&N Paterson & Passaic Gas & Elec1st is g 1935 opt 1928___JdrJ f 30 35 New York State Rys- Consol g 55 1949 rims 88 90Municipal Gas (Albany), N Y) 1st con g 4%s '62 op '13 M&N 66 603% Pawtucket Gas 4s 1932 ..M&N 86 881st M 534s 1952 Ser A. _A&O 104 105 1st con 634s 1962 M&N 97 99 Peekskill Lt & RR-5s '30 A&O -Municipal Gas & Elec, Roch-
1st M g 4%s 1942 op '12_A&O 91N Y & Suburnan Gas—See WestN Y Tel 1st 4349'39 tax ex M& It
chaster9334
Light' g943-4
Penn Central Light & Power Co1st & ref 5s 1950 A&O 95% 96Municipal Service Co— Deb 6s Feb 1949 F&A 10534 10534 1st & cons 6s 1963 F&A 99 100S f col tr g 5sMar'42op'15M&S 81 88% Ref M 6s Oct 1941____ Adr0 1043% 10534;Penn Public Serv es 1962_ F&A 91% 93%Muskegon Ti & Lg 1st I931M&S N Y Westch dr Bos Ry—See Ste am Ric5— 1st dr ref 6s 1929 J&D 96 98Muskogee Elec Ti 15s '34_M&N Niagara Falls Pow 5s 1932_J&J 9734 100 1st & ref 754s 1936 Ser B J&J 103 105Nashville Gas de Heating Co- Refg & gen 6s Jan 1932_ A&O 10334 101 1st & ref 6s 1947 Ser C__M&N 97% 99%1st M g bs 1937 M&N 903-4 92 lst&cons 6s Ser AA '50_ Mit N 103 10334 Pennsylvania Ltg is 1940.. J&JNashville Railway & Light— Niagara Lockport & Ont Pow- Penn & Mah Vail—See Mali &S hen- y LiCons g Ss 1953 opt 1908_J&J 88 90 1st s f g 5s'54 tax-exemp M&N 95%, Pennsylvania-Ohio Pow dr Lt-Ref and ext gold 5s 1958_J&J 72 75 Norf & Atl Term—See Va RY&P 1st & ref s f 7%si 1940_ _Mdc N 103 104Nashville St By 5s 1925_ _J&J 93 95 Non f & Ports Tr—See Va By &P Pennsylvania Power & Light-McGavock & Mt Vernon— Non f By & Lt 1st 58 '49_ _M&N 83 85 1st & ref 7s Ser A 1951_ F&A 103% 104Summer St lstM6s'26_J&J 100 103 Norfolk St 1st g 58 1944_ _J&J 9136 Pennsylvania Util 6% notes '26 91% 052d series es July 1937_ _J&J 100 103 North Amer Edison Co— Penn Wat & Pow s f 5s '40_J&J 98 98%Nashville Water 4s 1928._ J&J Basis 4.75% S f g 6s Mar15'52 serA M&S15 93 9334 Pensacola El Co 1st bs '31_F&A 77 81Nassau El RR—See Bklyn Rap Tr North Carolina Elec Power- People's L & Coke, Chicago-Nassau Lt & Pow 1st 5s'27A&O 1st s f g 5s Oct '40 op '16 A) 77 82 1st con g 6s 1943 101 106Nassau & Suit Ltg es '48.. F&A North Carolina Pub Serv Co- Refunding gold 5s 1947_MArS 91Nat. Light, Heat de Power 1st & ref 5s 1934 opt..___A&O 78 82 Chic G L & C lst 5s '37__J&J 95Coll trust 7s 1924 Ser CJ&D 993"8 101 Sallsb & Spencer 5s '45_ _M&N 67 70 Consum Gas 1st g is '36 J&D 80Coll trust 6s 1922 Ser B— Greensboro Else 5s 1932_ A&O 80 Ind Nat G&O g 5s '36gu M&N 70Ext at 7% to July 1928J&J North Cal Pow 5s 1932_J&D 9736 90 Mutual Fuel Gas g5s'47 M&N 00Cent Ind Ltg is 1927__M&N 80 90 R & cons s f 5s '48 op '15 J&D 8734 90 People's Trac—See R TCityG&E(Paris,I11)5s'35 Adr0 75 85 Nor Canada Pow Os 1928 ..J&J Peoria Bloom & Champ Trac-Jerseyville Ill ba 1935___ F&A 70 75 Northern Illinois Lt Se Trac- 1st g guar 5s 1936 M&NNebraska Power 1st 5s '49_J&D 90% 92 1st M gold 58 1923 guar_ 94, 98 Peoria G de E is '23 op '08_J&J 100 10034Nevada-Calif Elec 6s 1946_ J&J 95% 96%
_J&JNorthern Ohio Trac & Light- Peoria By is '23 to '26 gu_ F&A 75 818% gold notes 1930___ _M&N 101 103 1st consol g is 1933 Peoria W W Co pr 1 is '48 RISeN 80 145Nevada-Cal Pow 68 1927_ A&O 97 98 1st consol g 4s 1933____.._JjtJj 78(21 83 1st con 45 1948_ ___ M&N 65 60Newark Gas 6s Apr 1 1944_Q-J 108 110 1st 1 dr ref bs 1956F&A 80 83 Petersburg Gas is 1931 ___A&O -. ---Newark Cons Gas con 5s'48 J& D 88 90 Os 1926 _J&D 99 Philadelphia Company-Newark Pass Ry—See Public Se rv Corp Gen & ref 6s 1947 Ser A_ M&S 97 9734 1st coil trust g es 1949._ M&S 99 New Bedf & Onset es 1128 _J&J 80 North Ont L & P 68 Apr '31 J&J 853% 8634 Cons mtg colt tr g 5s '51 M&N 90 92New Brunswick (Can) Pow Co- Northern States Power Co-- 1st ref&col tr 6s '44 ser A F&A 97% 97X1st M 55 1937 M&S 77 1st & ref is 1041 Adr0 91 9134 Alleg Belle & Per 5s '35_A&0 75 a New England Elec Securities- 1st dr ref Os 1941 Ser B__Adr0 Ithaq 101 Ardmore St is 1958... ..A&O f 601st coll tr is Jan 3 1932_ _J&J3 a 85 72 6% notes 1926 A&O 9734 98 Central Trac 1st 55 1929_J&J New Eng Pow 1st 55 1951__J&J 99 101 7% notes 1923 F&Alt Citizens' Trac 1st 5s 1927A&O New Eng Tel & Tel 9s '30 J&J n 90 93 Northern Texas Electric Co— Duquesne Light 6s 1949_J&J 103 103 fi8s gold Oct 1 1932 Adr0 9834 99 Coll tr s f g Ss 1940 opt_ _J&J 84 87 Con: g deb nis 1936_J&J 106% 1071st 5s 1952 Series A J&D 9734 97% Northern Texas Traction Co- Duquesne Trac 1st 5s '30_J&J 1 85NH & Centrev 1st 5s g '33_ M&S 1st g 5s 1933 opt 1913___J&J 89 92 Fed St & P V 5s May 1 '42J&J 1New Haven Wat 4%s 1962_J&J 55— 01 Nor Westch Ltg bs
1955_- _J&D ---- -- Ft Pitt Trac 1st is 1935_J&D N J & Bud Riv Ry & Ferry- North Hud Co Ry—See Public Service Corp Milly Et de Sh bs '23_ _ _M&N1st gold 4s 1950 opt___ M&S 64 North Hudson Lt, H & P Cc Monong St Ry 5s g 1928.J&D N J Pow & L bs 1936 F&A (Hoboken, N J) 58 1938_A&O 86 WIlk&EP1t 1st g5s129 M&S New London G&E 55 '27_ A&O 91 94 North Jer St Ry—See Pub Son Cozy Morn'side El St Ry 50'33_ A& 0 752d M 55 1929 Adr0 90 92 North Shore Electric Co- Mount Washington St Ry-Consol & refg is 1033...... .J&J 90 92 1st g 58 1922 op 1912.. .._A&O 99 100 1st ec coil tr gu is 1933.A&O / 75New Milford Pow 1st 55 '32 F&A 98% 1st & ref g 5s '40 op '20_A&O 92 95 Pitts Alleg & M gen fis'30A&ONew Orleans By dr Light Co— North Shore Gas Co of Illinois- Pitts & Bir Tr 5a g 1929_61&N Gen M 434s g 1935 J&J 6934 70 1st g 5s 1937 opt F&A 72 78 B K & A T•rac (11 1931.M&S Certificates of deposit_ _ _ _
Certific of deposit endorsed69366734 oi5),
North Texas Gas Co-1st Os 1923-1932 MOO 83 96
growl:taw Ave is 1926..F&A W Liberty lat g 51 '30_J&J
IRef&gen5s'490p'19serA M&N 56 60
Certificates of deposit 56 60aeries B 20 _
Canal & Clatb 1st (is '46 M&N 103
b Basis. f This price includes accrued interest. Jr Last sale. n Nominal. r Canadian price. a Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] PUBLIC UTILITY BONDSNOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
41
Bonds. Bid. Ask.
Philadelphia Co. (Concluded)—eitts et Charleroi Si '32_MarN Pitts Trac 1st 55 1927__A&O BoTraclat&coll Er g 51'50A&O 2d Ave Tr 1st 5s 1934_J&D f Gold 5s July 1933 J&J
United Trac 5s 1997ctfs_J&J 1 60West End Trac con 5s'38.J&J f
Philadelphia Rapid Transit—Coll tr g 58 1957 opt s f._ F&A 808 f guar 5s '62 opt '17_M&S _Darby Media dc Ches St Ry
1st 430 '36 opt '16 gu_J&J 80Market Street Elev Pass Ry
1st g gu 45 1955 M&N 84Union Traction—Elec & Peo 48 tr ctfs'45A&O 69Hest Man & F 55 1924 M&N 90Peoples Traction Co—P P Ry tr ctfs 413'43 F&A 65W Phil Pass 2d 58 '26.M&N 93
Philadelphia Suburban Gas & El?et M & ref g 5s'80 op'15. F& A 88Gen M 6s 1969J&D
Phila & W Ches Tr 4s '54__J&J 70Phila & West Ry 5s 1960__J&J 80eine Bluff Co 55 1942 J&J 78
let 6s 1942 jjej 90Pitts Alleg & Man—See PhilaCoPitts & Birm Tr—See Phila CoPitts & Charleroi—See Phila CoP McK&Con—See W Penn RysPitts Trac—See Phila Co—Portland (Me) El Bs '26 optF&A 93Portland (Ore) Gas & Coke—
lot & ref g as '40 opt '20_J&J 89Portland Gas 1st 55 1951 F&A
Portland (Me) RR-1st con 33s 1951 op '31_J&Jlit 1 & con m 5s 1945__M&N 78
Portland Ry Lt & Power-1st & ref s f Bs 1942 op__ F&A1st! & ref 7s '46 SerA. M&NPortI'd Ry ref bs '30 op_ M&N
City & Sub con 4s '30_J&DPort Gen Elec 1st 55 '35_J&J
Portland (Me) Water 4s '27F&APorto Rico Rys, Ltd-
1st g Bs Nov 1 1936 op_M&N r 74Porto Rico Tele Das 1944_ _J&D 81Potomac El Po Tx Ps '29 op J&D 96 SiCons M g 5 1936 guar_J&J 963iDeb gold es 1925 J&J 99%Gen mtge 6s 1222 J&J 99yRefunding 78 1941 A&O 106M
Prescott G dc El 1st 6s '40_ _J&J Prov. Secur.—see Steam RR's_Public L dr Pow 1st 58 1945 F&A 40Public Service Co of Nor Ill—
lit dr ref g Ss 1958 op'21_A&O0% notes 1922 M&S8% gold notes '30 Ser A M&S
Public Service Corp of N J—Trust certs 6% perpet M&NGen g 5s Oct 1 1950 op_ _A&OCamden Sub 1st 5s 1946_J&JCons Trac 1st 55 1033 J&DEliz Plaint & Cent Jer Ry—
let g 5s Dec 1 1950_ __J&D 60Elizabeth & Trent 50'62 A&O 60C Hob & Pat 4s 1949_M&N 60
Newark Pass con Ss '30_ _J&J 85Newark Term Ry 5s '55_J&D 88N Hud Co Ry Cons Sc '28_J&J 802d Be ext to 1924 M&N 65
Nor Jer St Ry 4s 1948_ M&N 61Or dr Pass Val 1st Ss '38_J&D 60Paterson Ry—Con6sg'31J&D 802d fls '14 ext 5% to '44A&O 70
Riverside Trac 5s 1960_J&D 60So Jersey Gas El & Trac—Guar g Ss Mch 1 1953 alLicS 87
resbio & Sub Tr & Ltg—lit if 5s 1922 A&O 99
Puget Sound Power Co—lit g gu 55 1933 opt J&D 92
Puget Sound Power & Light—Gen & ref 7Ms '41 Ser A M&N 101Puget Sound Electric Ry—
let consol g 5a '32 op_ F&A 82Tacoma RydcP Bs '29 A&O
Quebec Ry L H & Pow—Cons If 58 1939 opt J&D
QuIlaeY (III) Gas Elec & Heat-1st cons g 5s 1935 op '10_M&SQuincy G dr E 8s 1929_ _M&S
Racine ( Wls) Water 5s '31.M&NRailway & Light Sec 5s var_ _ _ -Rap Tr St ity—See Pub Ser ColReading Trac 60 1033 J&J 99Read&Wom—lst 5s g '25 J&J 80
Rhode Isid Sub 48gachmond (S I) Lt & RR-
1st coll tr g 48 1952 J&Jkilo de Janeiro Tram L & P—
lot g 58 1935 J&J r 85Riverside Trac—See Pub Serv CRoanoke Ry & El 5s 1953F &ARoanoke Tr & Lt 5s 1958..F&ARoanoke W W 13s 1938 J&JRochester Gas dr Elec Corp—Gen m 78 1946 Ser B___M&S
Real fly & Lt 50 '54 opt_ _ _J&JTax exempt Roch Ry cons 55 g 1930_ A&O 90
2d 5s g 1933 J&D ---Rochester & Syracuse RR-
1st M cony as 1957 __M&N 68Roch Telep gen 55 1933_ _A&O 70Rockford (III) Electric Co-
1st & ref e f is '39 op '14 M&S 90A
60
8910587
9597
8809U101M
9483317081%
83
r 71
65758990
55
0 r p
8575
10794
65
993182104
85
82
85
7195
70
8995
858395
96
6380
89M,1053(88
99
9731100100107
45
89100105
9083%
82M
61
00
62
106
8588
713
75
10185
58
87
90
95
94
7075
Bonds. Bid. Ask. Bonds. Bid. Ash.
Rockford & Inter-Urban Ry- S W Missouri RR 5s 1931_M&S1st g 58 1922 op 1907_ __A&ORockford & Freeport 1st g gu55 1923 op aft Feb '10 M&N
Rock B & J 1st g 55 '30guA&O
85
85
90
95
S W Mo El Ry ref 55 '23_M&SSpring Br'kWater-5s g'26.A&OSpring Val Wat ref g 4s '23_J&D
Springfield (0) Lt, Ht & Pow-
973497 9734
Rumford Falls Pow 40 Octl 1945 1st s f g 5s 1929 opt 1914_ F&A 95Rutland RyL&P lst5s'46 M&S 67 70 Gen & ref 55 1933 A&O 88 92Sacramento Elec Gas & Ry—Cons Ss Nov 1 1027...... M&N
Sacramento Gas 68 '22-40_A&O 98 98%
Springfield (Ill) Ry & Lt Co—Coll tr R 55 1933 opt____J&D
Springfield (Mo) Ry de Lt Co-80
St Charles St RR—See N Or Ry& L 1st s f g 55 1928 opt.. ....M&N 87 90
St Clair County (III) Gas & El-1st cons guar 55 1959.._ _ M&S
St Joseph Gas—lst 55 1937_J&J7260 775
Springfield(0)Ry 1st 58'35 M&S1st M 5s 1922-1935 _ _ __M&S
Standard Gas & Elec of Delaw—
89 9131
St Joseph Ry, Lt, Heat & Pow-1st g 5s Nov 1 1937_ _ _ _M& N
St Louis RR—See Un Rys(St L)St Louis Spring! & Peoria RR-
70M Cony s f g Os 1926 opt___J&DS F g 7Ms 1941 M&S
Steinway Ry—See N Y & QuCoSuburban Gas Co of Phila-
94,199
Ry
95V,,9934
1st & ref gu g 5s '39 op _ _J& D 78 79M 1st s f g 5sApr 1'52op'07_Adr0 93 95St Louis & Spring! 5s 33 J&D 88 93 Superior Water Light dc Pow-
St L & Sub Ry—See Un Rys (St L) 1st 45 May 1931_ _ M&N 82
St L Tran—See Un Rys (St L) Syracuse Gas g Ss 1946.._ .._J&J 87 92St Paul City Ry—See Twin City R T Syracuse Lake Shore & Nor-
St Paul Gas Light— 1st M g 5s '47 opt '17_M&N 62 65Gen gold 58 1944 M&S 90 93 Syracuse Light g 5s g 1951_J&D 92
St Petersb (Fla) Ltg Os'45_J&D 83 90 Syrac L & P coil tr 55 '54__J&J 8331
Salisbury & Spencer—See No Ca r Pub S cry Syrac Rap Tr 1st g 5s 1948_ M&S 83 85SalmonRivPow gu 58'52opF&A 94 95 2d mtge g 5s 1930 _ J&J 78 83Salt Lake Term Os 1935_ J&D Tacoma Ry & P—See Puget Son 1(1.E!ac
San Antonio G & E 55 '49_M&S 85 90 Tacoma Wat Sup 1st Si '25.J&JSan Antonio Water Supply- Tampa Electric Co-
1st & ref sf 55 '33 op '13_F&A n 85 1st M g 55 1933 s f op__J&D 92
San Diego Consol Gas & Elec- Tampa Gas 5s 1937 opt_ __M&N 68
1st M 58 1946 opt 1919_ _M&S 74 76 Tol Frem & Nor St Ry—Seo Lak e Sh EI Ryichuyik Trac—lst 5s 1943_ A&O Col 0 E & H con 1st g5s'35 A&O 84 85Scioto Vail Tr 1st 50 1923_M&SScranton Elec 55'37 opt '12...1"drJ 94 96
roledo Home Telep Sc 1922.J&Jrot & Indiana 1st 5s 1931_J&J
Southwest G & E 5s 1932.. F&A United & E Corp-6s '43.. A&O 85 86
Southwestern Power & Light- United Gas & El(SF)54'32_J&J 974 9734
1st lien 55 1943 J&D 86 88 United 0 & F 8s 1923 J&J
8% gold notes 1925 Ser AF&A 100 102 United Ilium Co New liaven -
8% notes 1941 Ser B_J&J 103% 105 1st 4s Feb 1 1940 e&A 89
Deb g Os 2022 Ser A_ _ 88 91Southwest Utilities, Alva, Okla
f ea loon rk 90 95
6 Basis. !This price Included aacrued interest. i Last sale. 1 In London. n Nominal. r Canadian price a Sale price.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
42 PUBLIC UTILITY BONDS AND STOCKS [VOL. 114.NOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Bonds. Bid. Ask. Bonds and Stocks Bid. Ask. Stocks. Par Bid. Adi
105
1368
834
1349234%154
79n105
86--6241712366623%,
15--165--166--
11017%9188
9135%,785922131316750116
5455109115%
Y City
757210015190
80
65--85
—7
10963
775--2033
65---i5
803457
734173
78
541075
123
6]--737-_-
9526112
R T2002774
55--3277
United Light & Rye-1st & ref g 55 1932 op__J&DCony deb tie 1926 M&N7% notes Apr 1 1923 8% gold notes 1930_ M&N
United Power & Tran—Del Co & Phi tr &Is 48'49 J&JUnited Rye tr ctfs 4s '49..J&J
United Public Utilities (Del',1st 6s 1943 J&.1
Unit Rye & Elec (Baltimore)-1st consol g 4s 1949____IVI&P1st con M 6s 1919w I___M&SIncomes g 45 1949 op '29 J&DInc funding g 5s 1936__J&D5% cony notes 1922___F&A% cony notes 1922_ F&ABait Sparrows Pt & Ches-
1st g gu 434s 1953___P&ABaltTracColstM5s'29M &NNo Bait Div 1st 55'42_J&D
Cent Ry con Mg 5s 1932_ M&NExt dc imp 5s 1932. ...M&SLake Ro El 1st 5s '42 M&S
United Railways of Havana—Eq 7%s Feb 15 '36_ _ F&A 15
Van Rys (Phila)—See Unit P & TUnited Rys of Si Louis—Gen g 4s July 1, 1934J&JCass Ay & F Gds let 5s 1912Ext at 434% to 1922 J&J
Compt HUD&M Ter Os '13Ext at 5% to 1923 J&J
It L de Sub 1st Ss g 1921_ F&AGen g 5s Apr 1 1923 gu A&O
St Louis Trans Co 5s 1924 A&OUnited Rys Investment Co—
let lien coil tr ef g 5s '26 M&NII 8 Pub Serv 1st ils '27_ F&AU S Telephone let 7s 1921 ext to1941 J&D
United Traction (Albany)—Con g 44s 2004 J&DAlbany Ry con M Sc g '30 HOGen g 15s 1947 J&D
Troy City Ry 5s g 1942_ A&OUnit Tr (Pittsb)—See Phila CoUnited UM 1st 6s '43 op '18 J&JUtah Gas&Coke lat Os '36optJ&JUtah Lt & P cons R 4s '30_JJEJUtah Light & Traction-
1st Sr ref 5s 1944 Ser A_ _A&O Ulan P & L let 15s 1944_ H&J%Utah Securities Corp-5% notes Sept 15 1922M&S15
Utica El dr P let 5s 1950__J&JUtica Gas&Elref&ext 5s '57 J&JGen M 734s '25 Ser A_M&S
Utica & Mohawk Valley Ry-1st g 434s 1941 M&SUtica Belt L 1st g 5s '39 M&N
Valley Counties Pow Se '30M&NVentura Co Pow 1st 6s '36 M&NVermont Pow & Lt g tis '27_M&SVirginian Pow 1st Os 1942_J&D7% gold notes 1924 M&S
Virginia Ry & Power—let & ref g 5s 1934 J&JNorf dr Atl Term Ifs '29 M&SNorf dr Ports Tr 5s '36_ _J&D
Wash Alexandria & Mt Vernonlet g 13s 1955 opt M&S
Washington Bait & Ann El—liot M 5s Mar 1941 op_M&S
Wash'n (DC) Gas 5s 1960_M&N734% gold notes 1926___-J&J
Washington-Idaho Wat L & P—lot g Os 1941 M&N
Wash Ry & El g 48 1951___J&DGeneral Os 1923 J&JAnacost & Pot tis 1949- _ A&OGuaranteed
City & Sub Se g 1048_ __F&AMetropolitan 1st 5s 1925 P&A
Washington Water Power Co—Consol & coil tr g 55 1929_J&Jlet ref g fis 1039 op J&J
Waterloo Ced Falls dr No Ry—let Msfg 5s 1940 op '15_J&J
Westchester Elec—See 3d AvRyWestchester Lt 1st g 5s '50_J&DN Y Sub Gas—lst g58'49M&S
West Chester (Pa) St Ry-1st g Se Aug 7 1932 F&A
West End St—See Boston ElWest End St Ry—See Poston ElWest Va Utilities Os 1935 J&JWest Un Teleg coil tr 5s '8J &JFdg & REM 434s g '60_M&N6345 Aug 1 1936 F&AMutUn6sextat5% to'41M&NNorthw'n gu g 434s 1934_ J&J
West Liberty St Ry—See PhilaWest Penn Power-
1st M 5E1'46 op '21 Ser A M&Slet M Os 1958 Ser C.._ J&Dlet M 75 1946 Ser D M&SCony deb 13s 1924 J&D
West Penn Railways Co-1st g Se Jan 1 1931 A&OPitts McKees Jr Connells RR
let cons g 59 Jan 1 '31_ _ J&JWest Penn Tr let 5s 1969.. J&DW Phila Pass Ry—See PhilaWesterly L & P 5s 1937___ ..J&DWestern Light & Power-
1st s f 56 1925 M&NWestern N Y Utilities/3s '46 J&DWestern States Gas & Electric—
lot & ref 5s 1941 opt_ _ _J&D0% notes Feb 1927 F&A
Western T&T con tr g 5s '32 J&JWestern United Gas dr El-
1st & ref 15a g 1923 to 'SO_ F&A
8591100102%
3055
80
7599%57%76%99%100
859795979793
106
59%
• 99%
971057058
86%90
105
48767555
7784
91%
100%92%88%
72_
87--7992
79%
23
9434104
1 40740987%87%8397
9596%
.1 30
94%
65
7099%91%109%9791%
Co
91%993410398
91
80-.91
73 -
899396
86
16:1—
3556
85
75341005878____
8998
166--100
_
107
6034
--------
SUi.93
52797860
8485%
9191,i
10034
--------
-ea--
ea--8598
80
86--
2'5'
82%95105
45
9934----
-- -----
9897
32
97---
75
80
9234109%10093%
93
lOo99
92
8134
78
909496%
Whatcom Co Ry&Lt 5s'35M&NWheeling (W Va) Elec Co—
let M 58 1941 opt M&Wheeling Trac 5s g 193l.. _J&J%Dikes-Barre G&E 5s'55 opt J&JWlkes-Barre & Hazleton RR-
1st coll tr g 5s 1951_ _M&N 15Wilkinsb & E Pitts St Ry—SeoWIllapa Elec 6s 1923 J&JWilliamspt Gas—let g5s'39F&AWilmington iDel) Gas Co-
let & ref s f g 5s 1949 op_M&SWinnipeg El—let ref 5s '35 J&JWisconsin Edison Co-Cony deb Os 1924 M&N
Wisconsin Elec Power-1st M 734s Oct. 15 '45.A&015
Wisconsin Gas & Electric-let g 5s 1952 opt 19i9__J&D
Wisconsin Minn Light & Powlet & ref fis 1944 op '19_51&N
Worcester & Conn Eastern Ry-let s f g 434s 1943 J&J
Wore Con St 11.y 78 1930__M&S1st & ref g 434s 1930____F&ADeb g 5s 1927 M&NWore & Clint 7s 1930_ _ J &.1
Yonkers Ry—See Third Ave RyYork Haven Water & Power-
1st 5s June 1 1951 J&D2d 6s May 1 1924 M&NCons. M Se May 1 1957.M&N
York Rys_lst M g 5s '37op J&DYoungstown & Ohio River-
1st M g fis 1935 opt '15 A&OYoungs-Sharon Ry & L—See MZanesv Ry L&1'—See Col New
_PUBLIC UTILITY STOCKSPer
Adirondack Power & Light_1007% preferred 100
Albany Southern RR com_ 100• Preferred 100
All America Cables Inc_ _ _ _100Allegheny Trac—See Phila CoAmer Cities Co com 100
Preferred 100Amer Dist Teleg (N. J.) 100Amer Gas & Electric 50
Preferred 50Amer Gas of New Jersey_ _ _ _100Amer Light & Traction.... _..100Preferred 100
Amer Power Jr Light 100Preferred 100Optional warrants 1931
Amor Public Utilities 100Preferred 100
American Railways Co 50Preferred 100
Amer Teleg & Cable guar.. _..l00Amer Telep Sr Teleg 100Appalachian Power 100
Preferred 100Arizona Power_ 100
Preferred 100Arkansas Light & Pow corn.. 100
Preferred 100Arkansas Natural Gas 10Arkansas Val Ry L & PAugusta-Aiken Ry. & El _100Preferred 100
Aurora, Elgin & Chicago_ _100Preferred 100
Baltimore Electric prof 50Bangor Ry & El common.._ _100Preferred 100
Baton Rouge Elec Co pref_100Bay State Gas 50Boil Telephone (Canada)_ _ _100Birrn Ry Light & Power 100Preferred 100
Blackstone Val Gas Jr E____50Preferred 100
Bleeck St&FulFy—SeeN.Y.RysBloomington & Normal RyL pref guar 100
Boston Elevated RR corn.. 100Preferred 100West End Street Ry corn 80
Preferred 8% 50Boston & Worc Elec_ (no par)Preferred (no par)
Brazilian Tr L & P Ltd____100131way & 7th Ave RR—See N. YBrooklyn Edison 100Brooklyn Rapid Transit......_100
Certificates of deposit Brooklyn City RR. 10
Brooklyn Union Gas 100Buffalo General Electric__ 100Calif Elec Generating, pref_100Calif Ry & Pow prior pref_100Cal St Cable RR(San Fran) _100Camden&SubIty—See PS CorpCanadian General Electric_100
Preferred Capital Trac (Wash. D. C.)100Carolina Pow & Light, com_100Central Ariz Pow & L, pf Cent Arkan Ry & L Corp pf _100
88
65--38
Phila C8588
82
97
105%
87
87
63%55
n5055
i5--86
68n 100n93
919274%90
75ah &S& Zane
22912%10114
55d 157d 44%70%1429911287
d 201432
d 8%4158%123191101222165
d 11
429583
dr 110
2% 1278
d 6986
7782%99
d 50%i 61
dr 48%Rys107273423%
d 8%110106348331
r 89%r 10119734448085
91
65--40
o9594
8495
98%
106
90
88
68%
_
165--98
77 --92
Ry ;Elsville
23%94515116
6516245%71%1441011158924173594360123%21117
4267511%
3 40-Y,
86On
110%
71
85--10051
1248%
11027%24%8%,
112107%
5§--
89%
9947
Cent Crosst RR—See N. Y. RysCent Hudson Gas & Elec_ _ _100CentPkN&ERR—See N. Y. RCentral States Elec Corp.._ _100
Preferred 100Chic Aur & Elg Corp vtcw L._Chic City & Concom part cts(t)
Pref partic etre (no par)Chicago City Ry 100Chicago Elevated Rys corn__
Preferred Chicago Rys partic ctfs ear 1._
Series 2 Series 3 Series 4
Chicago Sub Gas & Electric_100Preferred 100
Chris Jr 10th Sts RR—See N. Y.Cincinnati Gas & Electric.... 100Cincinnati Gas Transp 100Cincinnati & Hamilton Trac.100
Preferred 100Cin New & Coy Lt & Trac_ _100
Preferred 100Cincinnati Street Ry 50Cincin & Subur Bell Telep__ _50Cities Service 100
Cley Plainsy & Eastern RR_100Cleveland Ry 100Cleve Southw de Col Ry.... ._l00
Preferred 100Colorado Power 100
Preferred 100Columbia Gas Jr Electric._ _100Columbia (SC) Ry Gas & El 100
Preferred_ 100Columbus (Ga) Elec Co pf 100Columbus Ry Pow & L com_100
Preferred A 100Preferred B 100
Commercial Union Teleg(gu).25Commonwealth-Edison Co..100Com'Ith Pow Ry & L corn.. _1006% preferred 100
Coney Island & Bklyn RR _.100Connecticut Power 100
Preferred 100Connecticut Ry & Lighting..100
Preferred 100Cons Gas. E L & P (Balt) 100
Preferred 100Consolidated Gas (N Y) SleConsolidated Gas (Pitts) pf__50Cons Trac of N J—See Pub BerlGondol Water (Utica) com....1005% preferred 1007% preferred 100
Consumers' Gas (Toronto)___50Consumers Pow (Mich) pref.100Contin Pass Ry—See Phila R TCurribTd Co (Me) P & Lt....100
Preferred 100Deny Champ Jr Dec prof_....100Dayton Power & Light.. 100
Preferred 100Dayton & Western common_100
Preferred 100Denver & Northwestern Ry_100Detroit Edison 100Detroit United Ry 100Dominion Teleg (Canada)___30Duluth Edison Electric 100
Duquesne Light—Bee Phila Co..Eastern Penn Rye corn 100Eastern Texas Elec Co corn.. 100Preferred 100
Eastern Wisconsin Elec prof.. 100East Bay Vat (San Fr) corn.. 100
Preferred A 100Preferred B 100
East Read'g El—See R'd's TracEast St Louis & Suburban.... 100
Preferred 100Edison Elec Ilium (Boston)..100Eighth Ave RR—See N Y RysElectrical Securities nref 100Electrical Utilities, corn _100Preferred 100
Electric Invest Corp 100Preferred 100
Elec Storage Bat—See Ind. & MElizabeth Gas Light 20Eliz & Tren R R—See Pub Serf'Elmira WL&RR let pf yt 0_100El Paso Elec Co common.. ....100
Preferred 100Empire & Bay State Telex...100Empire District Elec 100
Preferred 100Empire Gas & Fuel Co pf Equitable Ill G L (PTAs) pf _100Erie Lighting pref__ (no par)Essex & Hudson Gas IOUFairm't Pk & Had Pass Ry—SeeFall River Gas Works 100Federal Light de Trac com_100
Preferred 100Federal Utilities 100
Preferred 100Franklin Telegraph (gnar) 100Galveston-Houston El Co....100
Preferred 100Gas & Elec of Bergen Connty100Gas Jr Electric Securities.. .._i00
Preferred 100
100ye.
1065
1 2% d 1%d 7%
1348154%3434
Rye.793410315
7,17;61%
d 40d 7023365%
d 23%
404011898
s 108%
9534
16348887%
8834Y't7656
d 16130%30%6630112865052
11.134under N
Corp716695
r 15087%
2270675682
108
55--2065.1527
9183
x 85558655%
531170%
68947
60isc.Cos.d 45Corp
851218359
70
92d 25%108
Phila1952672
633430746815060
a Purchaser also pays accrued dividend. b Basis. d Price per share, not per cent. f This price includes accrued interest. k Last sale.n Nominal. o Per cent of par value. r Canad an price. s Sale price. x Ex dividend. y Ex-rights. t Without par value.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] PUBLIC UTILITY STOCKS 43
Stocks. Par. Bid. Ask. Stocks. Par.
General Gas & Electric 100Cumulative preferred 100Convertible preferred 100
Georgia L Pow dr Rye pref-100Georgia Ry & El Co stmpd 100
Preferred 100Georgia Ry dr Power corn-100
First preferred 100Second preferred 100
Gold & Stock Teleg (guar) 100Grand Rapids Ry preferred_100Great Western Power, prof.. _100Hackensack Water 28
Preferred 28Harrisburg Lt & Pow pref.. ......50Hartford Electric Light ......_100Hartford City Gas Lt com-28
Preferred 25Havana Elec Lt & Power...... 100
Preferred 100Helena Light & Ry, pref.._ _ _100Holyoke Street Ry 100Houghton County Elea Lt......28
Preferred 28Houghton County Tr corn.. 100
Preferred 100Houston Gas & Fuel pref-100Hudson County Gas 100Illinois Traction common.._100
Preferred Indiana Union Traction.... _..100Indianapolis Gas 80Indianap & Southeast Tr of _100Indianapolis St fly Co 100Indianap W W Sec. prof-- —100Interboro Consol Corp • t .0- - (t)
Preferred 100Internet Ocean Teleg (guar).100Internet Ry • t c 100Inter-State Rye preferred.. ......10Jacksonville Traction com_100
Preferred 100Kansas City Power Secur (t)
Preferred (no par)..Kentucky Securities Corp.... _ 100
Preferred 100Kentucky dr W Va Pow corn_ 25
Preferred . —!00Keystone Telephone 110
Preferred 80Kinloch Long Dist Telep......100Laclede Gas Light 100
Preferred 100Lake Shore Elec common......100
First preferred 100 _ __ _
Second preferred 100 _ _ _ _
Laurentide Power 100Lehigh Power Securities......-(t)Lehigh Valley Transit corn.. _50
Preferred0 d 22
Lincoln (Neb) Gas dr El Lt._1050 . 24Lone Star Gas, new 25d 5Los Angeles G & E Corp pf_100 863Louisville Home Telephone..100 80Louisville Railway Co 100 41
Preferred 100 75Lowell Electric Light 100 179Lowell Gas _____ 100 193Manhat Elev Ry (N Y) 100 50Mahufac Lt dr Ht. Pittsb___50 d 51y,
Market St Ry (San Fran).. 100 'UiPreferred 100 35%
Prior preferred 100 03
2nd preferred 100 21%
Mass Electric Companies ._..100 _ _ _ _Preferred. stamped 100
Massachusetts Gas Cos too -fi -
Preferred 100 x 65%
Massachusetts Ltg Cos corn_ (t) I 176% preferred 100 80
Memphis Street Ry corn.. ..-100 10:3:::8 % preferred
Preferred 100Metrop Edison cum panic pf (t) 91Mexican Light & Power COM 100 r
Mexican Telep & Teleg__ .._ _10 d 2Preferred . - _10 d 2
Mexico Tramway 100 __ ...
Middle West Utilities Michigan State Telep prof.. 100 7_95_7_
Preferred
0
Prior lien stock 100 9s3
100 45
Milw Elec Ry & Lt 6% prof _100Mississippi River Power........ 100 23
Preferred 100 79Mobile Electric pref_100 70Mohawk Valley Co_ _ _ _ ._100 82Monongahela Pow & Ry com_25 d _ __ _Preferred 25 d _ _ _ _
Montana Power 100 7131Preferred 100 100
Montreal L H & P Cons__ 100 r 90%Montreal Telegraph__ 40Montreal Tramwaya corn...... 100Montreal Tram &Pow__ —100 r 21AMountain States Pow, pref....100 50Mountain States Tel & Tel 100 101Municipal Gas (Albany).... ....100 118Narragansett Electric__ _80 d 60National Light, Heat & Pow 100 1
Preferred 100 15National Power & Light, corn... 22
Preferred 55Newark Consolidated Gas _100 75
New BedfordGasarEd.Lt.Co.100 170
New Bedford & Onset Ry.... 100 17%
New England Co corn.. 100 40First preferred 100 45Second preferred 100 80
1486
113
10234(1053191%
d 20d 23do 38165
d 32%d 35
8593560
d 12d 17
1158510734781060
57786y119
2 45
5180
d 24%9028
535
d 60d 00
848
• 9d 89d 931,d 3314578%
2 17d
4 New England Power prof.. _..100 0253 Now England Tel de Tel__ _100 11510 Neff Haven Gas Light 25 d 32
Now Haven Water 80 d 744Now Jersey Pow & L pref._ _100 87New On Rys dr Light Co......_100
16-6-- NePwrpefeNrrrc 100 17Hamp
Ry, 0 & E_pf 90oox Nsw York City—Consol Gas 100 116(112 NY Mutual Gas Light___100 250
N iw York Railways 100Bleecker St de Fulton F'y_100 10
22 Bway de 7th Ave guar_ _100 1026 Central Crosstown 7%._ ..100 __
Christopher & Tenth Sts...,100 10-- -17o Eighth Ave 100 60
34 12d St dr Grand St Ferry_ _100 25Ninth Ave guar 8%.. 100 35
90 Second Ave 10090 lixth Ave 100 25
Twenty-third St guar.. 100 105—5 N Y & Richmond Gas 100 _14 N V State Rye common 100 31
Profarred 100 76Niagara Falls Power com 100 98
Preferred 100 10334_- Norfolk Railway & Li ht____23'd 21
110-- Northampton (Mass) .1 Ry_100 4538 North Caro Public Serv pref 100 66%81 North Ohio Elec Corp, com_(t) d 1315 Preferred 100 d 4070 Northern Ohio Tr & L prat_ 100
Nor Ontario Lt dr Pow com_100 10Preferred100 50
Northern States Power_ 100 8371.4 Preferred 100 91322 Northern Ter Elec Co corn 100 935 Preferred 100 83_. Northwest Electric 100 1431
Preferred 10056 Northwestern Teleg (guar)._ _50 a ii - -85 Ohio Bell Teter) pref 100 97%2% Ohio Cities Gas—See Pure Oil Co5 Ohio Fuel Supply 25 d 52%98 Ohio Gas dr Electric pref 100 8029 Ohio Traction—Common_ 100 7%---- Preferred 100 333---- Oklahoma Natural Gas 25 d 2
Omaha & Council Bluffs........100.. _2_
Preferred 100 _ _ _ _ Ottawa Light, Heat dr Pow_100 8010 Ottawa Traction 10052 Ottumwa (fa) Ry dr Lt prof.. 100111 Pacific &Atlantic Tel (gu)___25 a ii- -92 Pacific Gas & Electric 10 First preferred
Paterson de Passaic Gas & El 100 70"..Pawtucket Gas preferred.. _100 76Penn Central Light & P pref_ (t) d 54Pennsylvania Edison prof 98Penn-Ohio Elec Co corn_-__100 _
Germantown Passenger.... ..50 I ____ kGreen & Coates Sts ($15 pd.) 50 d _-_- JrHestonville M & F corn...._ _50 d ____ Jr
Preferred 50 d JrPhil Cy Pass Ry (32331 p) 50 d ____ JrPirtle & Darby Pass Ry 50 d Jr
100 Phil & Gray'sFy ($25 pd)_50 d ........ Jr46 Philadelphia Traction 50 2 6576 Ridge Ave Pass ($28 pd).... ..50 d ........ Jr
02._ 2d & 3d Sts Ry guar 50 d Jr13th & 15th Sts Pass Ry......50,2 ____ Jr
24 Union Pass $30 5-6 d).... _50'd ...... Jr81 Union Traction ($17 pd)_50 d 42
.173-- West Phila Pass guar 50 d
Phila.& Western Ely coin_ _ _ _ .50d 7%03119
Preferred 50 d 323Pine Bluff Co pref 100 75
72 Pittsb & Birm Tree See Phil°, CoPittsburgh Oil & Gas 50 d 93Portland (Me) Gas Light...... _50 2 46Portland (Ore) Ry L & P.._ 100 14
2d pref 111000000 r 3707
1st pref..
Porto Rico Rye Ltd Preferred 100
Public Service Corp of N J 10500 d7:1 8572%Providence Gas
Camden dr Sub ($5 paid)._ _25 a ____ JrConsolidated Trac of N J..100 51Rapid Transit St Ry Co....100 140So Jersey Gas dr Elec Trac 100 106
Bid. I Ask.
147 -79802%20484U17U10
73%66A20
97 "
3
01 -50%
k162213156102125643252862
173-
455086
Stocks. Par. Bid. Ask.
97 Public Service Co of Nor Ill_100 98311163.1 Preferred 100 9233 Puget Sound Power dc Light_100 42
co preferred 75 6. preferred 100 8192% 7% preferred 103____ Quebec Ry Lt Heat & Pow.... 100 r 275%
"
_Railways Company General_ _10 d _ _ _ _
55 Rap Trani St Ry—See Pub Serv Corp117 Reading Traction 50 d 20 22270 City Passenger Ry
East Reading Electric Ry_ _85 9 10005
60""00 d 5
55— Reading Transit &Lt prof.... ..5O d20 Republic Ry & Lt corn loo isim 1791-
Preferred 100 47 493415 Richmond Light de RR 1006534 Roch fty Jr Light 5% prof.. 100 75-- 80
7% preferred 00Rochester & Syrac RR
corn_ 1100 9S 10085—
2 1
Preferred 100 30 3535 St Jos Ry, Lt, & Pwr pref.... 100 5020 San Joaquin Light de Power..100 2634 35Iji
Preferred _100 8935 - Savannah Elec& Pow deb stk1100 150 9878 Savannah Electric Co
0 105--17
_ Preferred 100 67 7015434 Scioto Valley Trac com 100 3 625 First preferred 100 55 60
Preferred 100 37 3970 Shawinigan Water & Power..100 r 105 1053414 Somerset tin & Middlesex Lt100 55 ' _ _ _ _42 South Calif Edison com 100 1013% 1021479 Preferred 100 11734 12013 South & Allan Teleg (guar)._25 d 14 1952 Southern New Eng Telep 100 123 12490 Rights 2 49334 Souttrern Utilities corn 100 ____
41i
95 Preferred 100 __ _ _--85 So Jer Gas El & Tr—See Public Service Corp
15 Southwest Missouri RR_--
_100____ Springfield (Mo) Ry &Lpref.... 85--
--48 Springfield (0) L. H & P pref100 80 Si9831 Spring Valley Water 100 683 6831
Standard Gas & Elec (Del)__80 d 17 185331 Preferred 50 d 4634 473485 Superior Water, L & P com_10012 Preferred 10036 Tampa Electric Co 100 132— 133- -2234 Tennessee Ry, L& P corn_ - -100 2____ Preferred 100 1931 Ai3_ Terre Haute Ind' & East_ 100
3534 Union Natural Gas 100 130 __ _ _103 Union St Ry(NewBed,Mass)100 11.4
100 _
"" Union Trite of Ind corn
First preferred 100 6 1- Ig5 - -107 Second preferred 100210-• 3( United Elec of New Jersey_100 §8- - _ _ _ _
___ drifted Elec Ry (Providence)._ 60 _.-__ United Electric Secur prof.. .100 98
-85 United Gas & Elec Corp__ 100 334 ii,33934 First preferred 100 45 48
29i/ Preferred 297 United Rye & Elec (Balt)com 50
39 United Gas &Elec of N Jpf_100
---- First preferred 100 78 S1__ _ United Rye of St Lou—corn.. __1_q_ 1U
-- United Ill Co of New Haven _100 190 193
---- United Light & Rye corn.. ....100 67
United Gas Improvement...... 50 d 85 " .i5i2Preferred
100
100 9% 1170:4
50 d 53% 53%
70
10
---- Second. preferred
3331 United Rye Investment Co..100 15 15 1422031 Preferred....100 31 3378 United Utilities 100 __ _ _40 Preferred 100 290 Utah Securities Corp loo 0 ,i,i 173-48031 Virginia Ry & Power corn._ ..100 18 1965 Preferred 100 3834
—
____30% Virginian Power Co corn.. _.._100 740 Preferred 100 33 5.610434 Wash [tall d 17 alt & Anap 18
3034 Preferred 63 Washhrton (D C) Gas
50 d 32q 3120 d 55').1 56
66 Wash (D C) Ry & El corn.... 100 40 403117034 Preferred 100 x 659: 6974171 Wash-Virginia Ry corn 100147 Preferred 100123 Washington Water Power Co100 165—4231 Western Ohio RR let prof.... 100
Preferred 100 ii -- 65—85 Western States Gas & Elec_100
091 Western Union Telegraph 100 973649 West'house Elec &Mf —See un der M is c15 West Penn Power pret 100 96 9875 West Penn Rye pref 100 77 8139 West
Preferred 00 8Penn Tr & Wat Pow.... 1100 22:3 21
50 2 35 85
West Va Utilities, pref 40Winnipeg Electric fly 100 r 40WA
8731 Preferred 100 S7--
1334 Wisconsin Edison common_ _100 37 4057 Wisconsin-Minn L & P pref _15000 dx 8366 91
loi-_ Yoprrkef(ePrared) Rye common 50 d 213126%
37
99%93438410428
a Purchaser also Pays accrued div dend. I Price per share, not per cent. e New stock. h Ex-stock dividend. k Last sale. 1 In London.
n Nominal. r Canadian price. s Sale price. u Ex-warrants. v Old stock. x Ex-dividend. y Ex-rights. t Without par value.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
44
INDUSTRIAL AND MISCELLANEOUS SECURITIESIn the rearrangement of our quotation lists we classify under the designation "Industrial and Miscellaneous Securities" all issues which do no
appear under the previous two headings, namely "Railroad (Steam)" and "Public Utilities." In the case of stocks, however, we put "Textile Manu-facturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" under separate heads, then followwith the rest of the "Industrial and Miscellaneous."
NOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
Bonds. Bid. Ask.
INDUSTRIAL EcMISCELLANAcker Mer'l & Cond 68'23 J&J 10Acme White Lead & Color Wks-
1st 6s July 1922 to '28 op_J&JAdams Exp coil tr g 4s '48_M&SColl tr g 4s 1947 J&D
Advance-Rumely deb 6s'25 M&FAjax Rubs f 8s 1936. J&DAla Steel & Shipbldg—See TennAlaska Gold Mines deb 6s'25 M&SDeb 6s 1926 Ser B M&S
Allied Packers deb 6s 1930_J&JCertificates of deposit 1st m & coil tr 8s 1939w 1_
Aluminum Co 75 1925_M&NAm Agric Chem 1st 55 1928 A&O
Anaconda Copper Mining-6% gold bonds 1929 Ser AJ&JIf% gold bds 1929 Ser B_J&J
Anglo-.Amer Oil, Ltd—sf gold77%5 1925 A&O 103%Armour & Co—Real estate 1stgold Ofs 1939 opt J&D7% notes July 15 1930J&J 15Cony g deb 65J'ne15'22J&D15Cony g deb 65rne15'23J&D15Cony g deb 65 J'ne15' 24J&D 15
Associated Oil Co-55 1922 F&AAtlantic Fruit & SS—S f cone deb 7s '34 Ser A.J&D 42
Atl Gulf J6W Indies SS Lines—Coll tr g 5s Jan 1 1959_ —J&J 647%Atlantic Refining Co-6%% gold deb 1931 M&S
Atlas Powder Co—Cony g 7%5 1936 F&A 108Baldwin Locomotive Works—ist at Se 1940 opt aft '15 M&N
Barney es Smith Car Ss '86_J&JBarnsdall Corp 8s 1931___J&JBeech Creek C & C 55 '44_ _J&DBethlehem Steel Corporation-7% g notes July 15 '23_J&J15 104%Beth St 1st ex g 55 '26 gu_J&J 98%Beth St pur m 65 Aug '98_Q-F 109Beth St let 1 & ref 55'42_M&N 947%Purch money 58 1936_ _J&J 91Beth Steel eq tr 75 1935_A&0 102,IPenn Mary Steel 55 1937_J&J 88
Booth Fisheries at 6s 1926_A&O 793Boston Term Co-37%5 '47_ F&A 75Braden Copper Mines Co—'ink fund gold 65 1931 F&A 987%Brunswick-Balke-Collender Co% serial notes 1923-29_ _J&J b 7%
Buffalo & Susq Iron 5s 1932 J&D 883iDeb g 55 Jan '26 opt '10_ M&S 993Bush Term let 45 1952 A&O 80Cons g 55Jan 1 1955 J&J 907%Bush Terminal Buildings Co-1st 8 f gold guar 55 1960_ A&O 907%By-Products Coke Corp-1st & ref of 851936 Ser A_ M&N 101
Cahaba Coal Min—See Tenn C. I & RRCalif Wine Assn 58 1925__M&S 977%Canada Cem't 1st Os '29 op A&O r 97Canadian Car ec Fdy Co, Ltd-
1st sf gold 65 1939 J&D r 98Canadian Cons Rubber, Ltd—Gold 65 1946 opt 1911___Adc0 r 96
Canadian Cottons 55 1940_J&J2 r 85LentralFoundry 68 1931 F&A 84Cent Bud St'boat 5s Apr'33 A&O 76Central Leather Bs 1925.._ A&O 975%Central Steel-15t85 1941 M&N 104Cerro de Pasco Copper Corp—Cony g 85 1931 J&J 1229
Charcoal Iron of Amer 8s 193E_ 96Chic Jet colt tr ref g 45 '40_ A&O 81%Coll trust ref 55 1940_ _ _ Adc0 923
Chic Un Sta—See SteamRR bdsChicoutimi Pulp 65 1943_ _ _J&JChili Copper cony 75 1923_ M&N 1059Cony 65 1932 Series A__ A&O 917%Clearfleld Bit Coal 4s 1940_J&J 71
Cleve & Sandusky Brewing-1st at g 65 June 1 '48 opt_J&J 867%
Clyde SS 1st 55 1931 opt F&A 84Col Fuel & Iron sf 55 1913_ F&A 897%Colorado Industrial-
1st g gu Is ser A&B'34op F&A 767%
EO'S B85
9875
f 7092
• 102%C I &9%982
98103%94%102%967%
ooK9834
102
10092%94100%
02101102%
100103
89103%100100100100
103%
101%2810494
Columbia Graphophone Mfg8% gold notes Aug 1 '25_F&A
Certificates of deposit Computing—Tabulating-Rec CoSink fund gold Os 1941___J&J
Consolidated Textile Corp-1st M s f 85 1941 J&D
Consol Coal 4%5 1934 opt_ M&Nlet & ref s g 55 1950_ _ _J&DCony 6% g '23 op aft '16.F&A
Constantin Refg 831922-'26 J&DCopper Export Associates-8 notes Feb 15 '23_ F&A 1587 notes Feb 15 '24_ F&A 158% notes Feb 15 '25F &A 15
Corn Prod Ref 5 f 55 1931_ M&N1st g Bs 1934 sf M&N
Cosden & Co 6s 1932 J&JCramp(Wm)SonsShip&EngBidg
1st M g Bs 1929 opt____M&S 97 1005i— Crew Levick Co let 65 1931 F&A 897% 0099 Cuba Cane Sug deb 7s 1930_J&J 843 853Cony deb 88 1930 J&J 84 817%Cuban-American Sugar-
1st M colt 8s Mar 15'31M&S15 10634 107%1027% Cudahy Pack e I be 1946_ _J&D 88 89
7% g notes July 15 '23_J&J lb 101. 102Deere & Co 7 % % notes '31 M&N 1011% 10255— Dewees(W)Wood Co 58.30M&N 98Diam'd Match deb 7348'35 M&N 1077% 16§-1%;16"9" Distillers' Securities Corp—
Coil tr cy g 135 '27 op '08_A&O 44 457%94 Domin Coal 5e '40 op )10M&N 95 97
Domin Iron & St 5s 1929 J&J r 89101% 89%102% Driver-Harris Co 1st 88 1931_ __ _ - _ -du Pont(E Dde Nemours & Co-
- Gold 734s May 1 1931_ _ M&N55 du Pont (E I) de Nem Powd-97 Gold 4345 June 1 1936_ J&D88 Eastern Steel lst58'31op'16F&A
Elk Horn Coal Os 1925 J&D100% Empire Oil Purch 7s 1.923_M&S1033 Empire Refg let Os 1927._ F&A OK- oo -Fairmont Coal Se 1931 J&J 93 94103% Federal SUg Ref 65 1924__M&N 100 1007%Flak Rubber Co 1st 8s 194L M&S 1067% 106%89% Fort &Union Depot—SeeSteam RR Bo lids104% Framerican Ind & Day Corp—
_ _ _ _ I Deb 73,4s w 1 1942 J&J 9834 99Francisco Sug 7%s '42w i M&N 15Galena-Signal Olideb 7s'30A&O s loaK slOttook; General Amer Tank Car Corp—Equip 7s (s a) 1922-23__M&N 100 102
F&A 104% 10134General Petroleum Corp-7% s f g notes Feb15'31F&A15 1027% 103%
107 Goodrich(BF)7% notes'25_A&O 100 100%Goodyear T & Rub 8s '41_ M&N s 1165%ioo Deb s f 8s May 1931_ __ _F&AGorham Mfg 7s 1923-24_ _ F&A 65-
s 02%1101
Granby Con Min Smelt & Pow-1st cony Cs 1928 Ser A__M&N 887%
5—16Stamped 87Cony deb 8s 1926____M&N 10018 10134Grand River Coal & Coke—See Co Fuel & Iron
Gulf 011 Corp deb 78 1933F&A 104 1013Havana Tobacco-5s 1922_J&D fn 20 35Hecker-Jones-Jewell Os '22.M&S 997% 10034Hoboken Land & Impt Co-
1st M g 5s Nov 1930_ _ _M&NHock Val Prod 58 '61 opt__J&JHolland-Am Line Os '47__M&NHood Rubber 7s 1936 J&D
6.25% Hudson Nay g 68 1938 opt_ F&AHumble 011 & Refining—__7% g notes Mar 15 '23 M&S15
Illinois Steel—Deb 4348'40.A&OIndependent Brewing 68'55.J&JIndiana Steel 1st 5s 1952_ _M&NIngersoll-Rand—lst g 58 Dec 31
1935 opt Dec 31 1910_ _ _J&JInland Steel 1st Os 1923-28_ A&O
Extdcref 65'42 op'16 ser A.J&JInternat Agricul Corp-
98 tr 5 f g 58'32 op_M&NInt Cement 8% notes 1926 J&DInternational Mere Marine-
1st M coll trust Os 1941_A&OInternational Paper—
_- let 4ic ref f 5s 1947 Ser A _ J&J. 85 1st & ref bs 1947 Ser B_ _J&J80 Internet Salt g 5s 1951 op_A&O98 Internet Silver 1st 65 1948. J&D103 Deb Os 1933 J&J
Invincible 011 88 1931 123 Iron Steam. Gen 4s 1932__A&O98 Jeff & Clearf C (cc I 5s '26_J&D
Indiana Co 1st s f 55 1950.J&JJones & Laughlin St 55 '39_ M&NKayser (Julius) & Co-
1st M s f 78 1942... F&A 15Kelly-Springfield Tire Co-
92 8% g notes May 15'31M&N15Kennecott Copper 7s '30_ F&AKinney (GR)Co 734s 1936 J&D
89 Knlckerb Ice let 55 '41 opt_J&J90 Knight (B B & R) Inc-90 1st s f 7s 1930 M&S
Kresge (SS) Co 7% 1923 _Jdc.177 7s 1921-1926 J&J
La Belle Iron Wks 1st 5s '40J&DLackaw St be '23 op to '06_ A&O
1st bs 1950 op after 1915.M&S
ONDS.
10075%7293102%RR.12%1083
3 63%CM%103%97%10397%
Bonds. Bid. Ask. Bonds. Bid. Ask.
104%99 ,112 I95%92%102%
8380
98%
8191
92%
101%
42 4535 38
95 97%
97% 98%
§7---100% 100%
102 102%102% 102%104 104%95%98% 65-;
101%
107% 107%
85 90
o8
80f 57 61
s 92%6§i2 98
f 20
101% 101%90 90%65 6998% 99%
88% ----100101 165--
70 79%11134 1 3 y,
97% 97%
Lake Super Corp inc 55 '24_0ct 371st & coil tr gold 55 1944_J&D 68
Lake of the Woods Mill Co. Ltd15t M Os June 1923 J&D r 983-4
Lehigh Coal & Navigation—Gen M g 4%5 May 1924__Q-FFunding 45 g July 1 1948_J&JCons a f g 4345 1954 Jac.1
Leh & W-Barre Coal—See CentLibby, MeN & Libby 75'31 M&NLiggett & Myers g 75 1944_A&OGold bonds bs 1951____F&A
Lima Locomo 1st 6s 1932_M&NLorillard (P) Co g 75 1944_A&OGold bonds 5s 1951 F&A
Lukens Steel 1st M g 85'40 M& NMallory SS 1st 51 bs 1932_ _J&JManati Sugar Co-
1st M s f 7%s 1942 A&OMarland Oil 8s 1931 Ser A_ A&OWith warrant attached
Mercantile Stores 58 1933 Mexican C & C 55 1926 op_ M&SMexican Petroleum Ltd of Del—Cony s f g 8s 1931h. M&N
Midvale Steel & Ordnance—Cony s f 5s 1936 M&S
Monon Coal—See Chic Ind & LMorris & Co 1st s t 4%8 '39_J&J73-4% gold notes 1030 M&S
Natelk&Sult 8% notes '30M&SNat Conti & Cable Os '27 A&O
Certificates of deposit Nat Enam & Stog 5s 1929_J&DNational Leather-8% g notes Nov 15'25 M&N15
Nat Starch deb 5s 1930 gu...J&JNational Tube 1st 5e '52_ _ M&NNatomas Co gen 6s 1935 J&JNew Eng Nay—See N Y N II &New Eng 011&Ref 1st 85 '31M&SN J Zinc 1st 4s 1926 A&ONew ;River Co 1st 5s 1934_J&JNYA1rBrakelst6s'28 cony M&NN Y Dock Co—lst g 48 '51.F&AN Y & Hob F'y 58 May'46_J&DHoboken Ferry as 1946_ M&NNY&NJ Ferry-58 '46_J&J
N Y Shipbldg 1st 55 Nov 1 1946Nova Scotia Steel & Coal-
1st s f 5s 1959 J&J r 80O'Gara Coal 5s'55 op aft'08M&S 68Ogilvie Flour Mills Os '32_ _J&D r 100
Series B rSeries C r 110000A
Otis Steel s f 8s 1941______F&A 102Pacific Coast Co—G 5s '46.J&D 80Pee Fruit Express Eq—See SO u PacPackard Motor Car Co—Ten-yr 8s Apr 15 '31_Adc015
Pan-Amer Petrol & Tran5P1st lien equip 75 1930___F&A
Park & Tilford s f 68 1938_J&DParsons (W Va) Pulp & Lumber
lot M g Os '23 '24 opt__M&NPeerless Trk&Mot65'23_M&NIOPenelec Coal 1st Os 1924_116,1cSPenmans.Ltd-15t55'26op M&NPennsylv C dc 0 1st 55'32 op MOPenn Mary Steel—SeellethSteelPennsylvania Steel—,Pa&Md Steel con g65'25 M&S 99Span-Amer Iron Os 1927_J&J 99
Phillips Petroleum Co—Deb g 73-4s '31 (with warr)A&OWithout warrants
Pierce Oil 88 Dec15'31__J&D15Pittsb Brewing 65 Feb 4 '49_J&JPitts Coal deb 58 July '31_ M&SPittsburgh-Weetmorelaud Coal
let a f g be 1947Pitts dc WestmC55'25op.M&N
Pleasant Val Coal 55 1928_J&JPocahontas Consol Collieries-
1st gold Ss 1957 op____J&J 91Porto Rican-Amer Tobacco Co8% g bds May 15 '31.M&N 15 102
Remington Typewriter,-8634 8734 1 t M Os 1923-1926____J&J863-i 867% Republic Ir it Steel Bs '40 Adc073 7534 Reynolds(RJ) Tobac Os '22_ F&A101-Roch & Pitts C&I Bs 1946_ Mec N 903-492 91 1st s f g 434s 1932 opt__F&A 9098 983-4 Rocky Mtn Fuel 5s 1941__A&O 5537 45 Rogers-Brown Iron 50'23-40J&J
—98 Gen& ref 7s 1912 M&N 973-490St. Joseph 1Stk Yds 454s '30J&J 793497% 64-12 St. Lawrence Pulp & Lumber-
1st M 65 1923--1933 IP&A103 104 St. Louts Brew Assn Os 1939J&J
St. Louis Car Co. 65 1923_ _ M&N 98108 10834 dt. L Nat Stock Yds 48 '30_J&J 85105 10534 St.LRocky Mt.&P55'55 stpJ&J 823498 9834 Sears, Roebuck dr Co-823-4 8334 7 g notes Oct 15'22 A&O 15 1003-4
7% g notes Oct 15'23 A&O 15 1013-491 94 Securities Co.NY 4% cons.M&S 50993/ 1003-4 Sen Sen Chiclet—See Amer Chic le-999-t 10134 Sharon Steel Hoop 8s 1941_ M&P 9934887% 91 ShawshMills 7% notes '31 A&O s 1023499% 10090% 91
14--
98%8791%
RR of98%113%9710311390%101%82
OiVk112%93
107
91%Ry p 3385%105%103
f 46f 4596%
99%9199%63
II REt1019086100%773375757573
107
101%60
993-492
r 9191
12410110274%
8498-79%
112%102%
9595
4070
94N J p32
993411U4
toO--
1131 961105%88
101
9525
107%
91%
87%105%103%4847- -
1009499%
103
1003478N
775--
72
164—
Co -p-34
107%
10366
DK-
64--95
100100%
1061023-4
s
95
104
102
65-
I Basis. f This price includes accrued interest. k Last sale. n Nominal. r Canadian price. r Canadian price. a Sale prim.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.11 INDUSTRIAL AND MISCELLANEOUS BONDS AND STOCKS 45NOTICE.-All bond prices are "and interest" except where marked "f" and income and defaulted bonds.
4JBonds. Bid. Ask. Bonds. I Bid. I Ask.
Sinclair Cons 011 Corp-733 n'tesMay 15125.M&N151st 1 col7s serA w 1 '37 M&S15
Bloss-Sheffield Steel & Iron-6% e f g notes 1929_- _F&A
Solvay & Cie 8s 1927 Adz°South Porto Rico Sug 75 '40J&DSperry Flour 68 1934 F&AStandard Mill-lst g 15830M&NStandard 011 (Cal) 78 1931 F&AStandard 011 of New York-7 ser g deb Jan 2 1.925_J&J27% erg deb Jan 2 1926_J&J27 ser g deb Jan 2 1927_J&J27 ser g deb Jan 2 1928_J&J27 ser g deb Jan 2 1929-I&J27 ser g deb Jan 2 1930_J&J27% Berg deb Jan 2 1931_J&J2634% g deb May 1 '33__M&N
StandSteelWorks lst 5s '28_J&JSteel Co of Can. (is 1940 J&JSteel dc Tube Co. of Amer.-Gen m s f 7s 1951 Ser C_J&J
Sun Co s f g deb Os 1929_M&SSink fund gold 7s 1931 A&O
3wift dc Co 1st s f g Os '44_ _J&J7% gold notes 1925__A&O 157% notes Aug 13 1931_FdtA15
Temple Coal s f. 5s 1924___J&JTenn C I dc RR gen Os '51__J&JAla Steel&Shipbldges'30J&JCahaba CM Co 1st Os'22J&D
Tenn Cop Co cony Os '25_M&NFoxes Co 7% notes 1923 M&Stidal Osage Oil s f 7s '31_F&Aride Water 011 6 As '31 _RicA15Lob Prod 7s Dec15 '31 J&D15Traylor Eng & Mfg 8s 1936_ _ __Union B dc P 1st g 54'30 op.1.tc.11st in Os 1942 Ser A____M&N
Union 011 Co of California-First liens f 58 1931 opt_J&.1
Union Steel Co 1st 58'52gu.T&DUnion Tank Car Eq 73 '30_ _ F&AUn Trans 1st Os 1923____P&AUnited Drug con 8s '41 J&D15Unit Fruit-Deb 44s 1923.J&JDeb g 4%s 1925 5 f J&J
United Lead deb 55 1943_J&JU S Automotive Corp 8s 1931_ _U. S. Env 1st Os 19224934 Jac DU S Finishing Con g 55 '29_ _J&JU S Hoffman Machinery Co-Deb sf 831932 J&JS Light dc Heat 1st 6s '35.J &D
TT S Realty & Imp5s g'24op.I&JT1 S Rubber 7 %% notes'30F& A7% notes Dec 1 1923_ _Jdc D1st & ref 58 1947 Ser A_J&J
U S Smelt Refg & Mining-Cony 8% notes 1926____P&A
United States Steel Corp-Col tr s f 58 Apr '51 op'11.VarCol tr s f Os Apr'51 notop.VatCol s f 2d 5s Apr'63op'13M&N
Utah Fuel-See Deny & Rio Or.Utah-Idaho Sugar Co-
1st M serial 7s 1922-30_ -J&JVacuum 011 Co 7% 1936_ _Adc0Vancouver Lumber 68'22'25J&JVandalla Coal 1st Os '30op_J&JVictor-Amer Fuel 1st Os 40P&AVictor Fuel 1st s f g 58 1953_J&JVirginia-Carollna Chemical-
18t M g 5s 1923 opt s 1.....JezDCony deb 6s 1924_-A&0155 f g deb 73%s 1932___M&N1st ms f 7s 1947 Ser A w i J&D
Va It Coal & Coke Os 1949M &SWard Baking 63 1937__J&D15Warner Sugar Ref Co-
1st in 7s 1911 J&DWebsterC&C 1st g 53'42 op M&SWelch Grape Juice 8s 1931_ _ __Welsbach Co col tr Os '30_J&D
943%103103
111
_85983933,91
100
96107110212893%
102
103103101%
p. 34.
93106'H5100
4365
991%9934105%98%9298
993%91993%983%
101103%
111%
88_ _9791
100%
97107%1023%90
1033'I
104%1044101%
993107%102
_ _75
100100 ,1053%9996100
10095102100
1
Bands. Bid. Ask.
Western Electric Co-1st 55 Dec 31'22op 100 10016Cony gold 7s Apr 1925Adc(); 107% 107%
Davis Mille (FR).. 1Davol Mills (FR).. 1Draper Corp...._100D wightMfg(Mass)_Edwards Mfg(Me)EsmondM(RI),pf IEverett M (Mau) 1Fairla Mills corn 100
Preferred ----100FarrAlpaca (Mass)1Flint Mills (F R)- 1Franklin Co (Me)- 1GosnoldM (NB)._ I
Preferred Granite Milli(FR) IGI Falls Mfg(NH) IGreelock Co- ....100Grinnell Mfg(NB)1HimiltMfg (Mass)Haaallt W (Maas) IH ‘rmony Mills pf I11111 Mfg Co (Me)-Holmes Mfg (N B) I
Preferred
Bid. Ask. Stocks. Par.----
Inter Cot M__80ereterred____100
Per share. Kilburn M (N B).. I100 KingPtillinM (FR) I155 ____ L tacaterM (Masa) 1
85 La arel Lake corn --93 98 L Awrence Mfg(M) I81 83 LI min Mfg (FR). I
Lo Arwood Co(Me) I114 1143% L tweliBleach(M)_ I833%
__- L tther Mfg (FR)_ I
120 130 L man Mills (M).. I600 650 M snomet M (NB) I50M los Cot Mills__ I100 165- - M schania M (FR) I120 1223% Me:ch Mfg(FR)__ I255 265 Me:rimack Mfg
;Mass) 10005- ____ Preferred__ ._..100
MIddlesex Coal)225 210 Mt V-Wood Mills
t 98 100 (Balt) • t r 100105 108 Preferred • t r100125 ____ Narragansett Mille130 140 (F R) 100125 _ _ Nashawena M_100
Nashua M ;NH)__ I125-
_ k 26o-____ Naumkeag (Mass)
155 Steam Cot Co__ I140 1:5.5- - N• swnnarket Mfg
Co (N H)_ _100162- _-_- N inquittSp(N- B). I145
-_ _ Osborn Mills(FR). I
.._ _ _ k -99% P• ao Mills (Mass).. I175 P sge Mfg (N B).._ I
125 140 Parker Mills(FR). I200 ____ PeppereliMfg (Me) i
Pierce Mfg(NB)__ I270 280 P !grim M com.82 86 Preferred
-_
101 107 Po mustset Mfg(FR) I112 Poneruah M(Prov) I152 18,71 Preferred I110 115 P vtomska M(NB) I80 85 R13h Borden Mfg95 Co (F R)--.._100175 1 S sgamors Mt116-
170 (F R) 100_ _ _ 95 5 slmon Falls Mt
139 g
Co (N H).,-_ _1200
00_
-_-.,.;.,- S• eaconnet M(FR) 1_k 195A Sharp Mfg(N B)__ i
Hartford.Aetna (Fire) 100Automobile Ins 100First Re-Ins.. _..100Hartford Fire.. _100Hartf Steam BoilImp dr Ins_ _ .. 100
National Fire 100Phoenix (Fire)_100Standard Fire.... 50
Life InsuranceAetna Casity dz SulAetna Life 100Conn Gen 100Travelers' _ _100Indianapolis-
Sterling Fire.. ___10Louisville.
Liberty 80
Bid. Ask.
35114
82408810150114
8976160
Can Idia79%9082%155110_
11091%
45121200248445901037511813595
165 isprices
80
156
86
Per cent210 220190 210ear share.3820%
Per430118
62
Per
Plr440200
355
343450490
Per300645460672Per
d 7Per
120
share.450122
68
share.
share.450215195360
49575
share.320655470680
share.
C
b Assessment paid. c Par value $700. d Price per share, not percent. h Par value $1,000. k Last sale. I Par value $100. in 1st install. Paid.n Nominal. r Canadian price. s Sale price. t New stock. z Ex-div. y Ex-rights. z Ex-stock div. t Without par value.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
46 INDUSTRIAL AND MISCELLANEOUS STOCKS [VOL. 114.
•
7540
5575 -
590
132
Stocks. Par.1 Bid. Ask. ,I Stocks. Par. Bid.
Minneapolis. Per share. PerNor'weatF& M 100 180 200 Iles Royale Cop_ 28 25Newark. Per share. Kennecott Cop_ (t)339American 5 17 18 Kerr Lake Ot
Firemen's 80 210 fake Copper_._ _ _ 28 43%Prudential Life.. 50 450 LaRose Cons M....5 30c.New Haven. Per La Salle Copper..25Security Ins_ _ 25 41 43 Mason Val Mines5 2New Orleans. Per share. Mass Cons 28
3Lafayette 50New York.
Amer Alliance....100Bankers& Ship_ 100City of N Y____100Commonwealth 100Continental 25Fidelity-Phenix 100Globe&Rutgers 100
210Per
270140168300
d 745951400
28017517732576
605_
MavflowerOldCo125McIntyre, Ppine_5Miami Copper___5Michigan 25Mohawk 25Nevada Cons Con 5New Cornelia Cop.8New Idria Quicks.8New River Co.. 100
5%17%,303%23%
665%185%195%
13(1.Great American 100Hanover 50Home 100Mercantile __ _100National Liberty 50
243d 30405
d 165
21§90408
173
Preferred ___100Nipissing Mines ..tNorth Butte____15North Lake 25Ohio Copper 10
756%14%50c.8c.5Niagara 0 d 142 146 Old Dominion.... 25 26Northern 100 100 Ontario Sil Min 100
North River.. 25 d 32Pacific Fire 25 d 45
55--60
Osceola 25Pit dr MtShastaCop
3720c.Stuyvesant ____100 50 70 Pond Creek Coal.10 20
United States- -20Westchester_ 10
d 42d 35
4737
Quincy 25Rand Mines, Ltd__
4827%Philadelphia. Per share. Ray Cons Cop ..10 18%
Alliance of Phile _10 s 23 St Joseph Lead_10 15Fire Association_50 s 320% Ban Toy 1Ins Co of N A_ _ _10husCoState ofPa100 365% k 120
Seneca Cop Corp ( t)Shannon 10
Lumbermen's _ _ _25People's Nat Fire..
____k 1105%.23
ShattuckArtzCop10South Lake...... .25
104110
Phila Life 16 _ _1 10 Superior de Bost_10Reliance 80 103 Superior 25UnitedFiremen's.10 lc 155% Tennessee Copper'Victory 50
Providence.__s
Per101%
share.& Chem temp.(t)
i
.
onopah Belmont 1125%13
Prov Wash'ton 50Richmond.
Virginia F & M.. _28
125Per66
135share.
68
'Tonopah (Nev)__I'Tonopah Ext Min 1Trinity 25
1.433
1%,1 5-16St Paul, Minn ' Per share. Un Verde Ext__5(1c 29
StPaul F & M_ _ 100 335 350 Utah Cons a 2%San Francisco.
Firemen's Fund 100Per`
329%share.
_ _Utah Copper Co_10Victoria 25
(3113.,
Home Fire & Ma- Winona 25 1%rine 27 28% Wolverine 25 15
Vulcan Fire Ins --- 145% 16 Wyandot 25 50c.Washington. Per share. Yukon Geld 90c.
American 100 225Corcoran 50 100 REAL ESTATE TRFireman's 20 18 ft LAND STOCKS PerNational Union_ _ 5 8 Albany Tr (Bost)_1Wheeling, W.Va. Alliance Realty__1
Wheeling Fire I_100 Bedford Tr (Boat)-1BerkeleyHot1Tr(B
MARINE INSUR- Bd of Tr Blg Tr(CilANCE SCRIP. BosGr'd 111Tr(C a
Atlantic Mutual- Per cent. Bost R E T (Bos)_h1920 •
995% 103 BosStorW'h'se(B) a 1021921 _ 100 103 Boston Wharf Co_l a 1011922 100 1025% Bromf Bldg Tr(B) 1 55
Business RETr(B) 1MINING STOCKS Per cent. Cent Bldg Tr (B)_1Adventure Cons_25 65c. 77c. Chic R E Trustees h a 900Abmeek 25 65% 66 City R E T (C)__hAlaska Gold M _ _10 Congress St Associ-Alaska Juneau ates (Boston)_ _I a
-Gold Mining.. 10Algomah 25Allouez 25Amer Zinc Lead &
(36 Burns Bros_ _ _ _1009834 New preferred100146 Prior pref..__ _10096 A stock (t)93,8% BuBsh Tatocek (t)
runnel_ 10012034 Preferred. _ _ _100161 Bush Term Bldgs pf7934 Butterick Co... _100108 CaddoCentO&R100
Cal Pack Corp.... 0170 Calif Petrol____10045% Preferred_ ___100
144 Calumet & Chic142 Can & Dock_1001025% Cambria Iron _..80135 Cambria Steel......5055 Canada Cement 10098 Preferred_ _.._100103% CanFdys&Forg 100_ _ _ Preferred ....._100_ 13 Can SS Lines_ 10181 Preferred_ ___1003234 CanadianCaratF100
Preferred_ ...._10093 Can Con Rub.... 100
Preferred_ 100s 103 Canadin Explos.100
Preferred .... 100Can Locomotive100
65-- Preferred_ ...._10093 Canton Co 100107%
7252478511546%60%11048g,10534!165
105012406986
303461%27519526
138112%132%18015%72%8510990
49%
13%96%
393%6ou115%11623012%69873%47 I16%101 I
Per 'share.4%, 534 34%
d 22 22%97% OS12% 12%85% 86%
d 14% 16%
d 41 ,-tY.-91W1
134 255 56%80 8282% 83124 125
d 334883
4230
d 11%d 42
334904%
42%30%1248
10-65- 1165-114% 115%121 12780 82
d 19 20d 30% 32
86 90d 3% 4d 11 14%118 121118 118%114 114%
s 1934s 255534 57
d 52d 88 65:Y
d 48d 36%
43101%198100
d 6
151--
753477%90%11234
d 20d 24d 30%d 56(1 9d 6%35%10496%39532
d 19
4334
493748
262-105725108
767809113%222632
106%3610098%4053519%11046
15(1 175% 17%d 17%
d i5--
175%
13%75355091
94
4d 95
97114%
d 137d 47%
7868062713
dz 783.461%95%
• 55--✓ • 675%✓ 04✓ 40
✓ 52
✓ 54✓ 135✓ 65
9080
14%76365191%
97
4%97
07%116%137%47%02740827%13347834,62%97
65--45
23532654%
115887685
-Th-rchaser also pays accrued int. d Price per share, not percent. k Last sale. / Par value 5100. n Nominal, a Price per cent of par value.r Canadian price. s Sale price. t New stock. u Ex-stock. div. z Ex-div. y Ex-rights. t Without par value.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 19221 INDUSTRIAL AND MISCELLANEOUS STOCKS
Mocks, Par.
Caracas Sugar.. _.,50 d 13Carbon Steel_ _ _100 24
1st prat 100 352d pref 100 24
Carib Syndicate-25 dCarriage Fact_ _100 r 8
Preferred_ 100Case(J I) Plow Wks
_ _ _
Com__ _ _(no par) d 5
d 100 _ _ 100 _
2i1 Or1st pref
Case(J I) ThreshMach pref_ _100 83
Case Lockwood &Brainard Co_100 250
Celluloid Co_ _100 103Preferred_ _ _ _100 103
Central AguirreSugar Cos.. ,....20
Central C & C_ _100Preferred . 100
Cen Hutt Stbt pf 100Cent Leather.._100
Preferred _ _ _ _100Cent Aug Corp-(t)
Preferred_ _ _ _100Cent Teresa Sug 10 d
Preferred _ _ 10 d 334)Cert'n-teedProd (t) d 473-i
Preferred. 100Inland Steel_ _ _25I itercont Rub_100list Agr Car com100
Preferred.. __ _100Inter Button HoleSew Machine _ 10 d
In Cement Corp( t) dInt CombustEng(t) dlist Educationai
Publish'g com_50 dPreferred 50 d
list Harvester _ _10Prot 10
let Mer Marine.100Preferred _ 100
763% Inter Nickel 25106 I ereferred__10010234 tor Paper ___ _100166 Preferred_ ...10073 Pref stamped__96% iternat Petrol- (t)143/ 1 tier Salt 1008234. I iter Silver.. 10082 Preferred_ 10095 I it Text Book 100____ I irincible Oil_ _50
__ I ti'd 011 & Trans 10100 J tMontgomery 100215 Preferred__ ..10070 J el Tea 106
Preferred_ 100j.i3-1/3 J linson Tin Foil98 t Metal 100100 J )nes Bros Tea_10019 J tacos Cent Sug10080 K C Stk Yds of Me433% Common_ ....10090 Preferred _ 100
K sots & Gulf Co..10133% K tyser(Jul)&Co1003934 lot preferred_10075 K
Lire corn 283% preferred_100i%cutn pret _10 0
Kelsey Wheel__100_ Preferred_ ___100
1:1134 Kentucky Wag_100101 Keyst Tire & It_1019 Kirby Lumber_10090 Preferred.. ___100103 K)lb Bakery pf_1005234, Kresge (SS) Co.10088 Preferred_ _100255 K toss (BM& Co100110 Preferred_ ......1001234 Llckawanna St_10085 L tiie Sup Corp_100630 L ike of the Woods84 riffling 100
Preferred_ ......100L elders, Frary
2 it Clark 256 L suet Monotype10028 L turentide Co_ 1006 L3et4ah & Tire (t)10 1 h Coal & Nav_50
s101810188
share.5840
Stocks. Par Bid. Ask. Stocks. Par.
47
Bid. Ask.
1129819603072
16--7110510575958712010998
,37818%
6044942210358110104
64%
9966104102109
78
Per Share. Per share.10c. 30c. Lehigh Val Coal% 1% Sales - - - - - -50 d 7934 8034
d 333% 3331 preferred ____100 63%d 73 753% New Departure
Mfg pref__ _ _11000N J Zinc
0
NeAwrizNolnexaicLoa&nd_ _1 s 234 s3
N Y Air Brake_100 76 79
13%2%9
1024%989,/s72%158102588%11%41
120104
dn 2d 13
43400
d 50
708093%
d 10085240
d 20nd 14%
6%44
d 12%5270
• 173d 120
d 4
d 13%d 2dn 90d 4%d 96d 9%65%14897
d 57%8%10%40%
103969167518679%167218145%7555
d 39100
✓ 129%• 99%
183436713%223%
100144
1061009568%51%878017221%84%46776039%110%131100
19%34%36%7223
14436
a Purchaser also pays accrued dividend. h Assessment paid. d Price per share, not per cent. k Last sale. n Nominal. rCanadianprice. a Salo price. t New stock, is Ex-cash and stock dividend. x Ex-dividend. y Ex-rights. t Without par value.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
• •
48
Stocks. Par4.1M
INDUST. AND MISCEL. STOCKS - :RUNIC. BONDS [Vol,. 114.
N Y Dock 100Preferred_ _ IOC
N Y Shipbldg_ (t)N Y Transit_ _ 100Nicholson File..100Niles-Bem-P'd _10C
Preferred_ 100Nor CIL W Stboat100North Amer Co_100
Preferred 50N. A. Pulp & Pap.tNorth & Judd 28Northern Pipe L100Nova Sc St az C.100
Reo Motor Car_1( d 263%14% 15 Replogle Steel_ (t) d 353%623.. 653 Repub I & Stee1.10( 773/37 373%;I Preferred _ 10( 95101 Repub Motor Trt+' d 1212 19 , Reynolds Spring (t) 4537 50 I Reynolds (It J)19 30 ari Tobacco 2f a 65
25 d 46M8% 9 I B Corn 14% 153%! Prefernd _100 112%64% 64% Rome Brass&C10015" 15% Rome Mfg 100 166-893 90 Royal BakPow 100 105160 Preferred 100 93
Royal DutchCoNY d 63%71 713.. Saco-Loa ell Co_ 100 1363643% 643 Preferred 100 978 8% Safety CarHatL100 7260 79 St L Cot Comp.. 100
643- South Penn 011.100 228953 SoPortoRicoSug 100 533-i161 Preferred . _ 100 8998 S'west Pa P L_ 100 63
a 80 Spicer Mfg Co__ (t) d 19%1613-- 1st pref 101 86
59 Stafford Co pf _ _100 9075 Stand Coupler_ 10(813' Preferred ...1001073 Stand laiilling_10( 122645 Preferred 10( 91255 Stand 011 (Cal)__25 d 1163%
Stand 011 (Ind)_.25 d 119%,80 Stand 011 (Kan) 10( 565100 Stand Oil (Ky)25 d 100
Stand Oil (N eb) 10( 185
d 35%d 81%d 89d 55%
d 1938
d53%4781
d 2%• 5A
6495%15995
55d 65• 80%
1076352528579%98%
d 36
Ask. I Stocks. Par
share.130 Stand 011 of NJ_25
Preferred _ _ _ ..1001053 Stand Oil ofNY100463% Stand 011 (Ohio)10047 Preferred 100122 Stand San1t Mfg100453% Preferred _ __100323% Standard Screw 10079 Preferred A..100101 Stanley Works 25185 Preferred 25963% Steel Co of Can_100
Submarine Boat (t)6- - -- 0 Superior Oil.....(t)263% Superior Steel.. 100353% First pref _ 10C78 Swan & Finch me953% Sweets Co ofAmer1012% 'Swift & Co___10045% Swift Internat_15
Swinehart T&R.10075 Temtor Corn &463% Fruit Prod A- (t)114 Class B (t)115 TexasCompany _25
TexP'cCoal&011.. 1(Tex Gulf Sulp 10Textile Bank'g_100Tide Water 011_100Tobacco Prod.... 100
Preferred . _ _100Torrington C o 25
Preferred ....28Transcontl (V
35 Transue & Williams60 Steel Form_ _ (t)5 Troy Fdy & Mach_17 Preferred _ _ _10043%, Underw Typew_19 Preferred -..10010 Un B&P Corp.. 10036 Un Carb & Carb (t)87 Union 011 of Del(t)33% Union 011 of Cal 10038 Un St YdsSo 0m10C350 Union Tank CarlOC
Preferred__ __NC79 United Alloy Steel •10634 Untd Cig Stores4434 of Am core_ 101
Preferred._ United D - 0(
3634 1st pref------SC97 United Dyewood1003 Preferred 10050 United Fruit_ _10081 Untd PaperB'd_10C
Preferred 100370 Untd Ret Store_ (I)99 UntdShMachCor 28232 Preferred _2P54 U S Bob & Shirt 10090 Preferred
_- _100
65 USCastIP&Fdy 10(193% Preferred _ 10(8934 U S Envelope...10(97 Preferred _ _10(
U S Express.... lotU S Finishing__ 10(
126 Preferred _ _ _ 10195 U S Food Prod_ 10(11634 U S 1011193% U S Hoffman Ma-575 chinery (t)101 US ind Alcormi Iu195 Preferred _10'
U la Play Card_ 2
110 -9663%140%10076
ANAAsk. Stocks. Par.
- --
Bid. Ask.-
Per Share Per Share.d 192 194 U S Print & Lilho1143% 1143% common ____100 28420 425 1st pref 100 86460 470 2nd pref__ _ 100 40116 118 US Realty & Im100 70
U S Rubber_. ..100 643%
1011 U S: : -- : PreferredSm R efjc M__I D_
,
_ _ _
1st preferred_10m600 (di 14405521%
di 49% 51 U S Stamr ing 100d 28 30 U S Steel Corp..100 1(5()r I 74% 7_4._U u PsreTfeorbraeccico______1(0t0) d 1105 mm
r]'973%Preferred d 483% 483% Uniy Leaf Tob 100 125
85% ..__ _100 108
105 102 Preferred 100 101s 323 Vacuum 011_100 105
---- k 135 Vanadium Corp_ (t) a 503%d 48-d 65 Preferred 100 7
88--,, Van Raalte Co-d %
45% Vandalia Coal-110000 921
a 55% 112123m 123%
113 Victorist Pr Tetalk M.100Va-Caro Chem_100
d 6 -6-.!-,' Preferred 100 68d 7y Va Iron, C & C_100 567 8
d 25 25341 Youngstown Shee57 573%' az Tube._.. -U a 6894 983% Preferred 10 d 106
d 74% 75
d 40%35013511266%
d 5734d 23188%95100105%
d 37%
105z 10678%46%3567%14116%
31
d 24d 70
65
041328842 al70%65106%
'46%k 150100%119%
10912810410750%
12MI95
313469577512%125010%44130107
10065'109%94%62%737047
Tobac
26
t15--117124
26%48%10
19
4973045A8720662366
4065160121
54%9481%9
31570106
70107%
b Assessment paid. d Price per share, not per cent. k Last sale. n Nominal. r Canadian price. s Sale price. t New stock. u Ex-cash•and stock dividend. it Ex-stock dividend. x Ex-dividend. a Ex-rights. t Without par value.
UNITED STATES AND MUNICIPAL BONDS• In State and municipal bonds the custom has always been to quote them "and interest." That is, the accrued Interest must in all cases be added
on. There are a very few instances which form exceptions to the rule-that is, where the prices given are flat prices, the accrued interest having beentaken into account in making them. These are indicated by a special mark, thus (I).
The figures in the column "to net" indicate the basis on which the securities sell or the interest rate which the securities is held to maturitywill net to the purchaser at the present market price.
Bonds. Bid. Ask.ToNet. Bonds. Bid. Ask.
ToNet. Bonds. Bid. Ask.
To.Net
UNITED STATES-Se e also pagel6 ALABAMA Jefferson Co-Se 1949 4.753s Pan Can Nov 1938__Q-F 1023% 1033% ___ 4343 Renewal 1950 4.40 4s July 1 1931_ _J&J 4.753s Panama Canal 1961_Q-M 89 93 ___ 4s reaewal Cl C 19156___JdcJ 4.35 43-4S Rosnital 1963 -J&J 4.653s Conversions 1946-47__Q-J 89 93 ___ 3%s renewal Jan 1956__J&J 4.35 Mo lie -56' School '43...T&D 4.80U 8 Cite of indebtedness...... /3.40 3.16% ___ Birmingham (Is ref '23_ F&A ____ ______ 4.70 53 Sewer Nov 1 1942_M&N 4.80Instrumentalities of U-S Gov t- 7s June 6 1931 J&D6 5 53 Dock Nov 1 1947_M&N 4.80Sed F'm L 43%s '37_Maila 99 100 -_- b%s March 11927._ M&S .. ___ _ _____ 4.85 bs Refunding 1949... allacS 4.80Yed F'm Loan eis '38_ M&N 100 10 % ___ 5s School Apr 1 1950_A&O 4.60 4s Refunding: 1937_A&O 4.80Fed F'm L'u 5s '41_M&N 104 104% ___ 53 School 1934 J&J 4.70 434s Water & Sew '39_J&J 4.80Fed Land Bk 4%3'42 NUN 100 1003% ___ 5s FundI8ep 20 '41 --M&S 4.60 Mobile Co 5s ref 1928_ M&S 5Perm Loan bonds issued by- 53 Road Feb 1932......F&A 5First Jt Stk Ld Bk, Chic 5s Nov 1 1947_ _M&N 4.85Si 1937 M&N 10234 1033% 4s C H & Jail 19-2-6-_ _J&J 5U. M. Possessions-See Fore un Go Vt. D 49
b Basis. f Flat price. n Nominal.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
.TUNE, 1922.] STATE AND MUNICIPAL BONDS 49
Bonds-
1924- _J&J
5s Paving 1923 JJ&J
Os Jan 1 1951
311 Funding 1940 J&J55 Nov 1 1950 M&NOis Water 1928-- _..A&O4345 Sch WW&Sew'44J&J
Bristol 434s Water 1939_J&JO58 July 1 1926-55.. J&J
Danbury 4s Water 1946.J&J354s Funding Oct '41 A&O
E Hutt *4345.27-'46M&NEast Hartford Fire District
O535 1923-1926_M&N•5345 1927-1951____M&N45 Water June 1933__J&D
Hartford 334s 13dge '55 J&J45 Water June '30-'39 J&DO45 Water 1940-45__J&D4548 Munic Bldg '33M&N04345 PermImp '22-27J&D
Hartford School Districts-'43-48 Arsenal '22-'47 M&S043.0 Northeast 1959 Jar')4348 Northwest 1945 M&S'4545 2d North 1944.. _J&J334s South Sept '55M&S4 Southwest 1944 M&N'41345 Wasift'n '26-'47 J&J45 West Middle 1937.. F&A
Bid. Ask. Net.To
5
b5%7
b5%%65%%
b 4.40b 4.30b 4.30
b 4.30
10099938999101
99%
98%989596
9698%
b 4%b 4%b 4%b 4.404.40
b 4.40b 4.30b 4.40b 4.30b 4.15b 4.40
4.15
b 4.25b 4.15
b 4.10
b 4.10
Bonds Bid.
'22-'25_J&J b 4.15 5 Meriden(T) 45 '23-'35M &N b 4.15' Middletown (T) 354s'2.1.J.a.J 4.80 *4s RR Aid Ref 1030.. F&A 4.80 New Britain (C) 3345'32.J&J 5 I 45 Munic Bldg 1948__J&J 4.75 4345 Water Aug '41_ F&A 4.90 4348 Sch Aug '22-'43_ Fdt A b 4.50100 5 4345 Soh Aug 1929 F&A 5.25 New Hav(C)3345'25-'35A&O 0 4.30
45 Sewerage 1923-29_A&O b 4.30 4.40 4345 Paving Mar 1936M&S
0434s Paving Aug '37 FAtit 5 *4 %s Mch15'27,'35M&S15 b 4.05
50'36, '37.'39, '40, '41 A&O b 4.05 4.75 55 July 1 1924-1951__J&J b 4.05 4.75 New Haven (Town)- 4.75 03345 AirLRR '22-'29 J&J b 4.10
4.75 New Lon 334s \Vat '26_J&J 4.75 4s Munic Bldg 1933_ A&O 5.25 430 Park July 1942 __J&J 1 5 Norwalk (C) 334s 1929_J&J 5 45 Ref Sewer '27-'28_ _J&J
043.55 Irnprovt '22-'39 J&J b 4.10 7 Norwalk(T) 434s '42__J&D 7 Norwich-354s 1925_ __J&D b 4.30to 5%i% 40 Gas & Elec 1931. _ A&O b 4.30to 534 % 4348 Water Mar '39 M&S 0 4.30.to 5%, 70 430 Refunding 1938 A&O b 4.30to 531,% Putnaing) 4345 '23-'46A&O b 4.30
434s Water 1922-27_F&Ab to 4.201% 434s Water 1928&'30F&A to 4.10 7 Stamford (C) 4s. 1042_ M&N to 4.10 % Starnford(T) 4348'23-'45.J&J b 4.50 14.15 'Stratford Os 1922-31_M&S b 4.30to 4.15 % Torrington *534s '30-'35J&J b 4.25 4.35 0.53413 Fund 1936-41_ J&J-b 4.25 4.35 Waterbury335Sch'23-32J&J 4.40 45 Park July '22-'58 _J&J 4.35 4343 City Hall '24-'63_J&J 4.35 '04 4s Water '49-'93__J&J b 4.05 4.40 Windsor 65 1922-26 _J&J 4.40 West Hartf'd 434s 1943.J&D 4.40 DELAWARE 4.40 35 Dec 1 1927 opt '02_ Jac() 4.40 454s Highway 1960_ _J&J 4.45 N434ewscJaasnti1ec190641 J&J 103
s'26-34J&D 4.45 48 Ref Dec '22 to '24_J&D 4.45 5349 1924-1928 J&J 4.40 5348 1936-1944 J&J 4.40 Wilm'gton-4345'28-'37A&O b 4.40 4.40 4348131dg-00u 53-62 M&S b 4.40 4.40 4.3 St & Sew Apr '25_A&O 0 4.60 4.40 Os (A & 0) 1947-49_A&O b 4.40 4.40 01ST OF COLUMBIA 454 3.655 Fund curr 1924__F&A 97 454 FLORIDA 4.40 Dade Co 5s Oct 1947-54 4.40 Duval Co 5345'32 op'12M&PI 4.40 Os Armory 1944 J&.' 4.40 Everglades Drainage Dist- 4.40 68 _MA', 97 4.40 Os 1933 to 1941 J&J 100 4.50 Hainiaon Co 53 Feu 4.50 Hernando Co Os 1944__J&J 4.50 Jacksonv 58 May 15'24.M&N 4.40 38 Improvt Jan 1 '36_ _J&J 4.40 kis Feb 1937., F&A 4.40 Jacksonv SDNo 155 Apr '45 4.40 Key West 55 4.40 Miami 55 1922-1944____J&J 4.40 65 School 1940 J&D
Orange County 55 1944_J&J 4.35 Pensacola 454s ref 1941.A&O 4.35 6% School 1923-51___J&J b 5.50
Polk Co 59 Road 1922-40_ St Petersburg 554 1949_J&J Tampa 5s June'55 op'25.J&J
Os Mun Imp '6200'32 J&D FOREIGN GOVTS
Argentine Republic-5-yr. 78 1927 F&A 10034Internal g Os of '09 a f Mat, 854s £ loan of 1897 A&O y$613-47% Treas notes '23_A&O 10034
Belgian Government-754s eat 5.f. yly to'45 J&D 1083467 notes Exta 1925_J&J 102348% Ext'l s f bds '41.... F&A 107
--- Brazil 8% ext 1941 J&D 10534British-0°1182%s op'23.Q-J 1 571
--- 4345 War Loan '25-'45J&D 1 965545 g Feb 1 1937 F&A 102%554sgcourNov1922_F&A 10834
- 5 SO g cony Aug 1929_F&A 10834Chill(Republic)82 1941.F&A 10134
_ Ext 8s Oct 1 1920 Adt0 103S F 8s Nov 1 1.946_M&N 10134
° Chinese Government_
7_9 a .£
ukuang Rys 55 S_J& D11 5334
vis Os of 1896 red 1933_A&O / 90434s of '98 £ red '44 M&S / 7845 (of 1895) 1931____J&J tot 7-1M
Cuban Os 1944 op 1911_ M&S 90-Ext'l" g 434s '49 op_ F&A 87
4.30 "Ext'l" g 55 1949 F&A 784.35 Treasury Os 1929 J&D 30 83
Czechoslovak Republic-Ext s f 83 '22 due '51_A&O 98
% 1 Denmark ext g 85 '45A&015 110341 Ext Os Jan 1. 1942____J&J 99
4.40 Dominican Republic4.25 Cuit'd adm s f Os '58_ F&A 4.25 8s Cust's adm 1925.. _J&D 1054 Dutch E Indies 63 '47 J&J 954.25 Ext s f as 1962 wi___M&S 95
France (Republic of)-5% National Loan not red
before Jan 1931__Q-F 16 v$0934National loan of 1920 485
754s External 1941__J&D 102348 ext g loan'43 M&S 18 104
Hawaii, Territory of4345 Sept 15 1949_M&S15 b 4.5045 May 15 '48 op '36.M&N b 4.50
to 434 ';11 ltiristiania (Norway)to 4.30 q Sink fund g 8s 1945_ A&O 110 111
to 4.15 % lipantiagen 4s of 1901.M&N 1 80 84Sts Manic. Ext. '44.J&J 92 9254
100_ _ _ Wilda Cons Munielpal Loan-4% s t est '46 Ser A_ F&A 1111 2. 111111
4.75 Series B 1
53% tarias -lit Os 1939_- Q: in 99 0 90 955
4.75 31 Os Q
, .araus (City) 61 1934_5(&N 86 86%10044rislilis(Citvl 84'34 M&N 80 8634109 - Porto Alegre (City), Brazil- 5-:i3 S f 8s, 1961 J&D 10134 102 5,75 ho 413 Jaueiro- 4.60 4 F 8s Oct 1 1948.... .A&O 103 10334 4.60 Ext s f 85 1947 w 1___A&0 10334 1033% ,4.60 ,• Oct 1 ser 1923 3, Waal 993-4 10034 I 5 i iAtif loan of 1909-34.£1&D 77 7734 _ --
5.50 4i Juan (City of) Porto Rico-
5.15 li Rot at Imp 1923 36 J&J 99 101
5.25 It i Paulo (City), Brazil- 5.50 i "70 En s f 1943_ M&N
111 183 91 5.15 Et a f 8s, 1952 103% -_-_-_
to 5.30 % Soissons (City), France- 5.40 Est g Os, Nov 14 '36 M&N 8434 8534 5.15 r icy() (City of) Os of 1912-
4.90 R.si ana s f beg'17-52M&S 7134 7134
14.90 'rich (Switzerland)-St g 8s Oct 15 '45_A&O 15 11234 113.:ANA0A-1Nato York Prices.)
100% ___ ,aailaion of Canada-, 86 I ___ i 4% gold notes 1929 AF&t0A 19098 90 1901
6 2% ___ Se 192610054 ___ is 1931 AV) 98% 987
109 ___ - ti Oct Mil . Si Mar 1 1937 Mkst&oS 9,871 9989x% -__-
M&N 100 100%102% ___ 5s May 1952 107441 ___ si4s Vict La Dac '22_J&O 9834 993-4 ___
1053 ___ 534s Viet La Nov '23M&N 983% 993's - --534sVict La Nov'24 M&N 98% 9 ___Si Dec 1925 ____ __J&D 97 98S %s Viet La Dec '27_J&D 99 10051 Vial La Nov '33M&N 1013% 10234
514s Viet Lallov'34 MAN 99 1005%a Viet La Dac '37....f&D 10334 10154
5:55aliens, Prow offis '30 M&N
5% deb May 1 1920.. MAN 5.504 1.4% s f deb 1924F&A 5.50
51 irit Columbia (Province of92 Os June 30 1925-J&D39 5.75
80 Os Apr 25 1926 5.75
79 Os July 15 1928___J&J 13 5.75, '91 legacy 5s 1933 Jtki 5.75 '89 Is June 15 1935___J&D 15' 5.75
Swainsboro Os '25-'50.. A&OValdosta 58 1923-'42_ JanWare Co 5s Sch '25-'31_J&J58 Road 1032-1949_ J&J
Watkinsv D "31-'50 M&NWoodbury Os '27-'49___J&D
IDAHO534s Impt 1941 A&O55 Highway 1941 J&J48 1,ap Bldg '30-'39 J&J43.4s May 1 '31 op '21_ J&J434s Highway '35 op '25 J&J434,13 Highw '37 op '27J&J45 Jan 1 1934 op 1024_ J&JBlaine Co 58 Feb '23-'31_J&JBoise City 58 '22 op '12_J&JBoiseC'ySD58'25op'15M&N6s July 1 1940 J&J
Shoshone Co 58'22 to '24 J&J
New Brunswick 354s '33J&J48 July 3 1930 J&J40 1932 opt 1902 J&J4348 Dec 1 1025 MDfis Dec 1 1925 MD
North Vancouver 15s '80_J&JNova Scotia. Purr, tis '26.1&J6s Nov 15 1930_ _ _Mdc N15
Ontario,(Prov of)60 123_A&O68 Nov 15 1927 ___M&N15Os Sept 15 1943..-M&S 1558 Dec 1 1926 J&D434s May 1925 M&N4a1941 NUN4s March 1 1926____M&S334s 1936 J&,4
1003.4 102 oFtWayne SD 48 '22-'23A&O107 109 oFranklin Co 4s '22-'30_J&D 5.50 °Hendricks Co- 5.50 48C II Jan 15'23-'32J&J15 5.25 oHuntlonCo 3 %s'22-'24J&J 5.50 Indianan-4s Mar 1 '24 J&J
15.25 0534sTrackElev'31-'47J&Jb 5.50 to 5.30,7 4s Park Imp Jan I '27.J&Jto 5.50 to 5.30, o4s Fire Dept J'nel '41J&Jb 5.50 to 5.30 o434sSch Jne15' 40J&D 15
03345 Hospital 1936J&Jo33.4s City Hall 1939_J&J
.5.50 oIndianap S D 48'22-'26 J&J 5.50 045 Bldg Sept 1 1948__J&J 5.50 0334s July 1 1941_ ..J&J 5.50 058 Oct 20 1925-39 A&O 20 5.65 Jeffersonville- 5.75 0334s Refund 1925 M&N 5.50 °Kokomo 45 1926-1931_ M&S
b5.50 t o 5.35% oLa Porte Co 55 '22-'28_J&D 5.50 oLoganspt nis '26 op '16 J&J
65.50 t o 5.35% I Sch H '22-'37 MD15 5.351 Marion Co-40 Ref '27.M D 5.50i 0334s Bridge 1924_ _J&J 5.00 o334s Refund 1925_ _J&D 5.351 Michigan City- 5.351 o43is School 1922-24.J&J 5.35, °Richmond-451927_ M&S 5.35' oSt Jos Co 33-4s '22-124.A&O 5.65 o344s 1923-1928_ F&A 6 °South Bend-4s 1925 _J&J
4.30 INDIAN TERRITORY (Seeb 4.30 to 4.20% IOWA 4.75 Boone 4345 1923-31_ M&N 4.75 Burlington 434s '22-'33M&N 4.50 Council Bluffs- 4.35 43.5 wat-wks '23-'30 M&N
b 4.50 to 4.40 % Crawford Co Se '22-29_M&N 4.50 Cushing 58 School 1939M&N 4.50 Davenport 45 1922-'29 M&N 4.60 Davenport S D 434s '25 J&J 4.40 Des Moines-
6 4.50 4.40% --- 5s Municip 1922-1957 J&J
b 4.90 to 4.75 % 4%s W W 1932-42 J&D 4.55 44s 1023 1931 MArN
40 City Hall 1922-26_J&Jb 4.70 to 4.50% 6s Gen Obll 1931-'40_J&Jb 4.65 4.50%
- Des M Ind S D 4445 '32_J&J
4.55 Dubuque Co 434s '22-'31J&J 4.70 Fort Dodge 5s Fund '39A&O 4.60 Fremont Co 58 '22-'35_ J&J 4.60 Greene Co 58 1922-25_ A&O
b 4.90 to 4.80% Jackson Co 138 1922-30_A&Ob 5% 4.85%1,-- Marshalltown Ind S D-b 4.85 to 4.70% 4348 July 1922 J&J 14.40 5s City Hall 1925-39.M&N
b 4.50 4.30%1, --- O'Brien Co 58 1923-25_ F&Ab 4.50,4.30- - - Ottumwa 43.4e June 1936..
°I Polk Co 434s '22-'32 A&O 15b 4 .001to '1.80% 4s Court H'se '22-'24 A&O 5.25 50 Funding 1922-35_ J&J
b 4.85 to 4.70% Sioux City- :4.85 Os ParkAug15'35-45F&A 15 14.50 Os Ref Aug 15 1940_F&A15 15.50 Sioux City /3 D 5s 1941_J&J 15.40 Waterloo-
4345 W W Jan 15 '30_J&JWoodbury Co 58 '25-'32-J&J
ILLINOISChicago 45 1923 to 1924_J&J 4s gJudg 1923 to '24__J&J45 g Gen Corp '23-'25_J&J 48 1923 to 1927 J&J b 4.25148 1928 to 1935 Jdej b 4.2048 Jan 1930 & 1931 J&J 4s Jan 1937-1939 ____J&J So Park 4s '22 to '24_J&D Lincoln Park 48 1923_J&J No W Pk 4348 '22-'27 J&J b 4.30 to 4.25No W Pk 4348 '22-'28 J&J to 4.30 to 4.25W Chic Pk 45 '22-'27_J&J b 4.30 to 4.25W Chic Pk 48 '22-'27_J&J b 4.30 to 4.25
Chicago Sanitary District-6s July 1 1922 J&J 434s July 1 1923-1928_J&J b 4.25 4.30%48 Dec 1 1922 to 1923_J&D4s Sept 1922-1931_ __M&S b 4.25 to 4.30
Cook Co-4s 1922-'25_M&S 4501925-1940 A&O b 4.20 to 4.1048 Ser K 1922-1931 J&D b 4.20 to 4.1048 Ser M 1922-1933J&D b 4.20 to 4.1048 Forest Pres '23-'34 A&O b 4.25 to 4.15334s g 1923 J&J
East St Louis-434s ref Sept 1 '28.. Sept I
Joliet-5s 1922-1925.___M&S Moline 4348 1922-'32___J&J b 4.50 to 4.35
4.35
4.354.354.354.354.3555.255.255345%
4.254.254.25
to 4.20to 4.15% 4.20 4.15 4.25 4.25
4.25
425
4.20
0
KANSASAtchison 'Co-48 Refund '29 op '14 ....T&J
Emporia-4X8 Dec '29 op '19 F&A
EmporiaSD4348'32op'22J&JFt Scott 4348 '35 op '10_ M&SGalena-58 W W 1922-1943.. _J&D
Hutchinson-5s 1931 _A&O4348 Pub Bldg'61op'31J&J
Kansas City-150 Feb 1 1923-1925_ F&A48 Wat&El L 1022_A&O434s Sch Bldg 1929__J&J434e Wat Plant Pur'39J&J430 Refg Feb 1 'N.._ F&A434s Imp July 18 '49__MJ
Morris Co 434s '22-'23__J&JSedgwick County-55 Fund 1925 op 1915 J&J434s B'ge Oct '27op'17 J&J
Shawnee Co-4s 1924_M&NTopeka-55 Top Wat Sept '28. ..J&J434s Elec Light 1929_J&J4s Water April 1 '24_ Adt0
Topeka S D 45 Jan 1925_JdaWichita-58 1929 opt 1919 J&J434s 1923 A&O
Wichita School District-434s July 1 1923 J&J
Wyandotte County-434s Bridge '32 to '41 F&A
KENTUCKYTax-exempt: an amendrnen
4.50 lion of Kentucky passed at the4.50 provides that all bonds of mans% now issued or hereafter to be (is
4.30 6s WW Jan15'32-61 J&J154.25 434s W W 1922-1951 J&J4.25 45 Redemption 1922.F&A4.30 48 Water 1927 J&J4.25 48 Fundg 1952 op '42 FAA4.30 Fayette County-
4 Xs g Fund 23 to '24 J&J4.30 Frankfort 43.4s'27opt'17 J&J4.40 Franklin Co 58 '22 to '24 J&J4.25, Harlan Co- bs Rd & Bldg '23246.. M&S4.20 Lexington 4s 1945 F&A4.20 Lexington S D 4s 1938..J&D4.20 Louisville-4.20 55 School 1962 A&O4.20 434s Hospital 1951 Meed4.20 434s School impt '54_A&O4.20 48 Mun Imp 1923.. ....J&J4.20 40 do Dec 1 '28 Q-M4.20 4s Park 1930 J&J
48 Refg July 1 1937.. J&J48 Sewer 1947F&A48 Loutsv W Co 1946_J&J48 Louisv Wat Co '50 F&A
334s Refunding 1943_J&J3s ewer & Park 1941.J&J
3s g Refg 1940_ MAN
McCracken County-58 Ref 1933 op 1913.. M&S58 Ref 1933 op 1923_ M&S
Owensboro-4s '31 op'11J4c.14s Street 1930 op '15 _J&J
LOUISIANA58 Port Comm'n '23-'54 A&O58 Port Comm'n '24-'59 J&JSc Port Comm '23-'55_J&D434s Ref 1922-1984____F&A434s Pt Comm '25-'57M&8Atchafalaya Levee Dist-5s Ref 1949 op 1939...M&S
Bossier District Levee-Os 1922 opt 1912____M&N
Caddo District Levee-/Ss 1951 op 1941 J&J
Fifth District Levee-58 1950 opt 1940 J&J
4,40 58 1952 opt 1942_ J&J4.40 55 Oct 15 1962 op '52 A&O
5s Oct 15 1983____Ahn4.40 5s 1957-1967 A&0154.40 5s 1959-1969 F&A154.40 Lafourche Basin Levee-4.50 58 Jan 1954 opt 1944...I&J4.50 Lake Borgne Dist Levee-
51 July 1959 opt 1929_J&J434 Plaquemine Parish E Bank-4.40, no Oct 1952 opt 1942_A&O4.60 Pontchartrain District-4.25; I) Os 1944 M&N4.30, so July 1968 J&J4.50 Re I River A & B B Dist-4.25 5a 1980 Series BA&O
113angor-4s RefWater'35J&J4.50 48 Fund '22-'30 tax ex J&J4.50 Bath 4s Ref 1941 tax ex .1,!cD--• Biddeford 48 '23-'38..... MAN-- Gardiner Wat Dist 4s '34 J&J--- Kennebec Water District-
MAN4.'75 50 PortlandK1 at tHe r ye gt9t2e5r District-
Se 4.50 Lewiston 4s g Oct 1927_A&O
Jan 1923 to 1938.. .._J&J
4.50
4.501
4.601
la C H 1926-'45 tux exA&OIs Aug 1 1929 tax ex_F&A
4,501 48 High Soh 1937 tax ex_ _4.50 334s g Ref July 1922__J&J4.50 Portland Bridge District-4.50 33.48 July '22 to '39_ M&S
Portland Water District-49 Funding 1928.. .J&D
Saco 40 Apr 1939 A&OWashington Co. 4s 1928_J&JWaterville-4s g July 1 1927
1134s Sept 1935 M&S
MARYLAND4345 Aug 15 1922-33_F&A154s 1926 to 1928 ,45 1928 opt 1923 J&J'4s Jan 1 1929 J&J4s 1922-1929 F&A45 Roads 1923-1930 F&A
4.504.50
4.80
4.40
is:
b 4.50b 4.50
to 4.40to 4.40
b 4.75
1123,,1low101349896349393949393868881
4.50
100
100
100
059595959595
102%
95
100/345f3501003488953,1
93349334
102
107%109
089895
99
b 4.10b 4.10to 4.10b 4.10b 4.10
96%07970897973494
96
102905,1
98
99993,6
98949634978034
b 4.25b 4.25b 4.25b 4.25b 4.25b 4.25b 4.26
to 4.80
98
4.60
4.50
04.504.504.504.40
4.504.504.50
5;4.304.35
------------------------
4.504.504.504.50
4.76 4.75 4.75to 4.30 % 4.75
105
------
------
------------------------------
105
------------
------------------
4.654.654.654.65
to 3.90to 3.90to 3.90to 3.90,to 3.00 0 3.90
------------
---------------------
100
------------------
to 4to 4to 4to 4to 4to 4to 4
4.20
R908 1923 to 1928_ ___Basis. f Flat trice. n Nominal. o Tax-exempt; under a law approved March 9 1903 and witch went into effect April 23issued after that date by State or municipal corporations are tax-exempt, and these sell on a better basis. a Sale price.
1903, bonds
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
19221 STATE AND MUNICIPAL BONDS 51
Bonds Bid.
Annapolis 4343 W W '42A&OBaltimore-
5s 1922-1948 M&S56 1922-1981. _43s Mar 1 1923-55._ Maki,tAs Mar 1 1955 M&SAs Water 1928 M&N4s Aug 1 1951 F&Ats Annex 1954 J&D43 Parka 1955 M&N45 Mar 1 1961 M&Sris Aug 1 1961 F&A3548 July 1 1030 J&J
s Imp 1940 J&J33s Mar 1945 M&S
s Refunding 1952.. _J&J3 Sew'age Imp '80_A&O33's Jan 1 1927 J&J
Camberl'd 4j4 WW '41 A&O4s Water 1923 F&A
Hagerstown-tit water 1038-1987_ _A&O
MASSACHUSETTS43 1922-52 (tax-exempt)_Var3 s gold Nov 1923M&N3 s g July 11035 J&J3 s 1956 reg (tax ex)_ _J&J3 s 1937 reg (tax ex) J&J3 s Water 1942 J&J3 s g July 1944 M&S3s April 1 1929 • A&O38 g May 1929 M&N3s Met Sewerage 1936 M&S3s g July 1 1939 J&J3s g Water Jan 1 1941_ _J&JAttleborough-4s 1924_J&J3%s March 1935M&S
Beverley 4s 1923-1936_ _A&OBoston-4 XS Tun 1960 tax ex_A&O4s July 1936 J&J4s Apr'23-'37(tax-ex) A&O4s 1922-1939 (tax-ox) J&J48 Tunnel & Sub '48_J&D4s Sub 1957 tax-ex_ A&O4s Sub 1958 tax-ex _ _ _J&J48 Tun&Sub'59tax-exJ&J33-s June 1 1923____J&D3s Juno 1 1924____J&D318 June 1 1932____J&D3 s Juno 1 1934_ ___J&1)
33-is July 1 1935 J&J33-s June 1 1943____J&D34s .June 1 1944____J&D33-is July 1 1945 J&J
Brockton 48 May 1027_M&N33-s Water 1032.._ _ _M&N
Brookline 43 1923 J&JCambridge-3%s Water May '25_M&N3s Bridge 1941 F&A
Chelsea-4s Park 1936_A&O4s Oct 1925 (reg) A&O
Everett-4s Sew 1929.... M&SFall River-
4s June 1 1927 (reg) J&D334s Water Feb 1930_ F&A
Fitchburg-48 May 1 1923 (reg)_M&N33-s Water 1926 J&J
Gardner-48 Water 1923-1934_M&N
Gloucester-3)4s Water '22 to '31_A&O
Hampden Co.-53-is Bridge 1924.. J&J
Haverhill-4s 1927_ _ _ _J&DHol3roke-43 gold 1927J&J3%s Dec 1922-1932 J&D
Lawrence 4s 1924 J&JLeominster-4s g 1925_A&OLynn-4s July 1027_ J&J43 July 1 1025 (reg) J&J33-as April 1 1932_ ___A&O
Malden-4s 1924 M&N33-is Water July 1 '24_J&J
Marlborough 4s July '26 J&JMedford 4s Feb 1930__ F&A5s Apr 1 1923-28 tax expt_
06s 1926, 1931, 1936_ _J&J b 4.80 to 4.60,%Bay Co o4s Dec 15 1923 J&D I 4%Bessemer-53-is 1922-49F&A b 5% to 4.60 %Calhoun Co-44s Road 1023-'28_ _ A&O 43
Detroit-o 6s Pub Serv '23-'29_ _J&J b 4.50 to 4.40%o 6s Pub Serv '30-'51_ _J&J b0558 Nov 1 1945 M&N
1112
0 53.s Pub Util '23-'29 J&J b 4.50 to 4.40%o 53-8 Pub Util '30-'51 J&J b 4.50 to 4.30%58 Pub Imp '23-'29___J&J 4.40
53 Pub Imp '30-'51_ _ _J&J 4.30
o 5s Jan 15 '36-'42_ _J&J15 4.30044s Pub Lib 1948 J&J15 4.30
o 4%s, '32, '35-'42_J&J15 4.30
o48 Aug 18 '22-'28_F&A15 b 4% to 4.40%045 School 1946 M&N 4.3033-is Park 1930 M&S 4.40
()Escanaba 43-3s 1922-30 J&J 4.50
°Genesee Co Os 1923-31 M&N b 4.80 7055 (Mar 15 Sr Apr 1)'31-50 b 4.40
4
°Flint 4%8 1922-'39_ __F&A b 4.50
Grand Rapids43.)] Flood Protec '33 M&S 4.304s Water Nov 18 '29_M&N 4.35
Highland Park 58 1928 _J&J b 4.45 4.40%o43-8 Sept 15 1934 _M&S b 4.45 4.40%
Holland-4s Ref 1923.. Feb Kalamazoo-0 4%s Sewer& Imp 1922-'25 J&J
,. 1Kalamazoo S D No 1-058 Sch'22-30 . M&S15 b 4.50 to 4.40°7-
Lansing-58 1922 to '23 J&D 4.50o55 Imp July15'23-32J&J15 b 4.50 to 4.25%o5s Sewer 1922•'26J&D b 4.50 to 4.30%05sJan 3 1923-1932__J&J3 b 4.50 to 4.20%0451sJan 3 1930-36__J&J3 b 4.25 to,4.1 %43's 1937-46 J& I) 4.10
Minneapolis-Os 1922-1928 J&D b 4.50Os 1929-1932 J&D b 4.405s 1935.'30,'40,'43,'43,'46.'47.'48.'49 '80 J&D b 4.30
5sStImpMay2'36-41M&N2 4 fts 1922-1923 J&D b 4.704518 1926-1935 b 4.4043-is Mar 1923-'37_ M&S b 4.40431s School 1941 4s School Jan 1927..... J&J48 May 1 1927 M&N48 School Jan 1 1935_ .J&J48 Improvement 1942 MD48 1944 A&O35s School Jan 1 '20_J&J3As Water Wks '32_ _J&J
St Louis Co 8s 1923-29_J&.J5s Road 1931
St Paul-Os Sch July 1 1951 J&Jfis Refg July 2 '22-'31 J&J58 Sch July 1 1951 MJ43-o July 1935 J&J43-s Park June 1 '43_J&D43-4s Sewer July 1 '43_J&J43-3 Water Aug 1 '43 F&AOis Ref J'ly 2 '22-'31 J&J434s Nov 1 1931 48 Ref Mar 11939__ M&S4s Sew'age July 1 '39_J&J43 Mar 1 1940 M&S33-is Apr 30 1022___M&N
S'th St Paul 5%s ref '33 J&JMISSISSIPPI
53-43 Imp 1923 1930 M&S53-48 Imp 1931-1940 M&583-48 Apr 1929-1934 A&O430 1922-1034 43-i8 July 1 1922-1935 J&J4518 July 11930 33-4s Refund Jan 1 1927_J&J154s State 1934 op '14 J&JGreenville-58 Refund Sept 1927_ M&S
Jackson flis July 1 '33_J&J53 Water Aug 1 1928_F&A53 Water 1930 F&A58 Juno 1 1932 - J&D
MISSOURI5s March 1930-1936 334s Cap Big '22-'25 op_J&JKansas City-
Os W W 1939 J&J4345 Sept 1 1930____M&S434s Mar 1 1933____M&S4s July 1 1924 J&J43 Market House '24_J&J45 Water 1924 J&J4s July 1 1924 J&Jis Sept 1 1930 M&S
Kansas City School Dist-Oita July 1 1933 J&J4345 July 1 1937 J&J48 July 1 1927 J&J43 Bldg 1932 J&J33-4s Jan 1923 J&J3345 July 1925 J&J
Little River Drainage Dist-53-45 Oct 1922-1933__A&O
St Joseph 4s 1923 F&A45 1924 M&S4s1926 M&N
St Joseph School District-434s 1925, 1930& 1935_
St Louis-4 Bdge-Compl '35 A&O4s Insane Asy'm '28_A&O4s Public Impt 1928.. _J&J43 Public Bldg 1929.. A&O4s W W Renew '31_M&N4s School 1937 .litt.143 School 1938 jdrj3.853 Ron June 25 '27 J&D33-4s April 1 1925_ _A&O
Springfield 5s '32 op '17 J&D
MONTANA53-ft Educational 1941 J&JBillings 88 1934 op '2v J&JButte 5s 1923-1930 J&JButte School DIM No 1-
43-48 1924 opt 1914 J&JCuster Co Os '25 op '15 J&JDaniels Co 6s 1933-1942_ _ _ _Great Falls-53-49 Sewer 1935to'39.J&J45 1023 option 1914.. _J&J
Great Falls Sch Dist No 1-48 1923 option 19It_M&S
Helena 5s 1931 opt 1916 J&JKalispell 58 1933. J&JLincoln Co 5s '32 op '27_ J&J
58 Fund Mar '31 op '21J&JMissoula 43-4a '24 op '14 &JPhillips Co-
bs Ref Dec '35 op '33J &J
NEBRASKADouglas Co-4s '22-'28 A&OGrand 111 43.4e '25 op '10J&JLtncoln-43-4s '23 to '29F&ALincoln S D 43-4s 1924_ M&NOmaha 534s 1941 M&N b 4.40 4.25%
is 1930, '35. '40, '45, '50_ Renewal 1924_ __J&J
lAs Refunding 1934_J&J 43-43 W W Dec 15 '41_J&J
Omina 13 D 434a 1928__J&J eAs July 1931 J&J 51 1948 J&D 53,4s May 2 1981.... M&N b 4.70
So Omaha 43-ft 24 op'00SouthOmahs8D-51 '23 J&J
5s Dec 1929
Ask.
100
b 5.30 to 5.20
b 4.20 to 4.10
ToNet.
54.804 75
5.255.255.25
55
5.30
5.205.20
10398989898989895
999796939896
b 8%b 4.90b 4.40
b 4.60
b 4.25b 4.25b 4.25b 4.25b 4.25b 4.25b 4.25b 4.25b 4.23
45 g Sewer July 1 1928 J&J 5Au tub 13 D es '22-'40_ _A&O b 4.75 to 4.50 %Bayonne-5s Fund 1928 Jdab 4.50 to 4.25 %
is Jan 1 1923-1949___J&J b 4.50 to 4.2543-4a Funding 1931___J&D b 4.50 to 4.25 o4 3 Jan 1 1933J&J b 4.50 to 4.25 %As FloatIng Debt 1928 J&J 0 4.50 to 4.25 %1
b Basis. I Flat price, n Nominal. o Tax-exempt; under a law approved May 13 1909, and which went into effect Sept. 1 1009, bonds issuedafter 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. 114.
Roads. iltd.
Belleville ifs '24-'34-'44M&N b 500 Funding 1945 b 5
Belleville S D 58 '27-44 M&N b 5 0Bergen Co 530'31-'34-MD b 4.25530 Dec 1 1935-'42_J&D b 4.255s Dec 1944 J&D b 4.255s Dec 15 1922-1955J&D15 b 4.25430 1923-1939 A&O b 4.25430 Aug 1922-1938_F&A b 4.2543 Court Use '23-'38_ A&O b 4.25
Bloomfield 5s 1923_ __M&N Camden-430 Wat-'23_J&J b 4.25530 Aug 1 '22-'81__F&A b4.25430 School 1943_ _A&O b 4.25430 Water '23 to'60 M&N 4s Paving
_- 1929..- ..M&N b 4.25 to 4.10
Camden Co 431 1933 .F&A4. 1944.. J&J
Cape May-51 1934.. _J&D b 4.70430 School 1923-51_M&S b 4.70430 1923-1952 M&8 b 4.70
East Orange 430'25-45 F&A58 Sewer 1923-1980 .J&J 43 1934 A&O 4s Water 1933 J&D 330 Water 1933. _ A&O
Elizabeth-430 1955_ _J&J b 4.3043 1022 op J&J b 4.25530 Dec 1 1922-'48_ _J&D b 4.3068 June 1 1927 J&D b 4.30
Englewood-43 Sep '35 M&S Essorx Co430 Road '53_F&A b 4.30430 L'd Purch '23-'48 J&J b 4.3043/s Hospital '22-'49.F&A b 4.3043/is[toad
'22-'38
. _F&A b 4.35
43 1926 .. __
b 4.5048 Hospital 1948...__ F&A b 4.253.650 Park '23 to '38_ FAA b 4.30
F.Lciex Fells (Boro) 5s July28 1923-1960
Fairview-5s 1944Gloucester Co430'22-'26 var Hackensack-430 1942F& A Harrison-4i 1930 J&J Hoboken-430 19
---
40___J&J b 4.70 to 4.4330 193E ____ _MAN b 4.70 to 4.405s School 1923-1954 J&J b 5.70 to 4.4068 Sewer June 1 '26_J&D b 4.70 to 4.40Os Par & Sew 1926_ _F&A b 4.70 to 4.40
Hudson Co-430 1948_A&O b 4.35 to 4.1430 Road 1923 J&J b 4.35 to 4.15430 May 1 1950____M&N b 4.35 to 4.1548 g Park 1959 & '54_ M&N b 4.35 to 4.143 gold Ref 1935_
_- _F&A b 4.35 to 4.16
63 Road July 15 '25.J&J15 b 4.35 to 4.15Irvington Si School '63_J&D 4.50Jersey City-68 1926._ __J&D b 4.25 to 4.15 57530 Sch 1942-1953__A&O b 4.25 to 4.15530 Dec 1 1931-1933 J&D b 4.25 to 4.155s gold assess 1924_ M&N 4.25 to 4.15450 School 1922-58_J&D b 4.25 to 4.15430 Refunding 1928_J&J b 4.25 to 4.15 0430 School 1945 J&J b 4.25 to 4.15%430 Water 1961_ _A&O b 4.25 to 4.15430 Park Mar 19;1_ M&S b 4.25 to 4.1543 Water 1932 A&O b 4.25 to 4.154s Refunding 1949 F&A b 4.25 to 4.15 o
Kearny 43.48 1936 F&A '4.454 Ks April 1982 _A&O 4.45
Sch Imp '23252_J&D b 4.30 to 4.25 %Lon-58 1923-1947_ ___J&J b 5.10 to 4.6 %Long Branch as 1943_ M&N 4.8543 June 1 1935 J&D 4.85
Lyndhurst 58 1922-1957_J&J b 5% ,to 4.506s Imp 1928 J&D b 5% to 4.50
Mercer Co-430 1933 J&J b 4.20 to 4.1043 Road 1933 J&D b 4.20 to 4.101330 April 1941 A&O b 4.20 to 4.10 063 Road&Bdge'22-'34F&A b 4.20 to 4.10,%
Middlesex Co 430'24-'34J&J 64.25 to 4.10,Os Road 1923-1931 J&D b 4.25 to 4.10,430 Fund July 1922-1939_ b 4.25 to 4.10,430 Imp 1923-'32_A&O b 4.25 to 4.10,330 Bridge '23 to '31_J&J b 4.25 to 4.10
Monmouth Co 68 1926_M&S 14.35Montclair 430 Sch '41_A&O b 4.25 to 4.15,430 H Sch Bldg '44_J&D b 4.25 to 4.15;330 School 1932 J&J b 4.25 to 4.151
Morris Co-4s '35 op '08J&J b 4.25 to 4.15,430 1942 opt 1922 J&J b 4.25 to 4.15;
Morristown 430 '22-42 J&D b 4.25 to 4.15'Newark-430 1944_ F&A b 4.30 to 4.1530 Oct 15'22to'59A&015 b 4.40 to 4.15bs 1922-1958 J&J b 4.40 to 4.15430 Dock 1959_ _ _ F&A b 4.30 to 4.10430 Apr 15 '23-'61A&015 b 4.30 to 4.10430 Soh Dec 1 '45___J&D b 4.30 to 4.10,48 Refunding 1923_ M&S b 4.75 to 4.25'4s Sch House 1959 op1949 b 4.25 to 4%48 PasVa1Sew'61op'51J&D b 4.25 to 4%330 1929 J&D b 4.40 to 4.20330 Track Elev '54_F&A b 4.30 to 4.10
New Brunswick-Vallsburg 430 1934 J&J b 4.70 to 4.41%
45(8 Aug 1 1922-57__F&A b 4.25 to 4.15%North Bergen Bs 1941__J&D 4.5088 School 1922-29__M&S 4.5068 School 1030-58.. M&S 4.50
No Plainfield 88 1922-1954_ 4.50Nutley 58 1933 J&D 4.65Ocean City-58 1944...... F&A 4.80Orange-So 1923 to '32_J&J b 4.5058 Water 1938 F&A b 4.50430 School 1043.. _..J&D b 4.5048 Sch House 1934-J&D b 4.50
Passaic 430 1923-'40M&S b 4.35.. 518 Gen Imp '22-28.J& D b 4.35
53 s Gen Imp '29-44.J&D b 4.355 s Gen Imp '45-51.J& D b 4.35513 Imp '23-'48 MAN b 4.35430 Ref 1944 MAN b 4.35
Passaic Co-4s '23-'24_ _J&J Paterson-68 1925 & 1926 M&N b 4.40530 1922-1926 M&N b 4.405348 1927-1934 MAN b 4.40534s 1935-1959 MAN b 4.4043.40 1933 to 1944 M&N b 4.404345 Feb 1 1945__ FAA b 4.404aN C Hall '23 to '32_J&J b 4.40
to 4.201to 4.20,to 4.20110 4.20,to 4.20,to 4.20,to 4.20,
0
4.504.60,4.40,4.204.35'79
4.15
Bonds. Bid.
Perth Amboy 4348 Apr 1944_ b 4.5043.4o School 1938. b 4.50434s Funding '22-'27_A&O b 4.50
Plainfield-48'22 to '34_J&D b 4.3548 School 1959 M&N b 4.35
Ramsey as Water 1922-'40_ b 4.60Ridgefield 58 July '22-'31J&J b 4.60Ridgewood Bs 1922-'26_F&A b 4.60Riverside 58 1925-'32 A&O b 4.60Sea Isle City 58 1943...... FAA So Orange-48'22 to '44_J&J b 4.50Summit 434 Bch 1941-F&A 431933 M&N
Trenton 430 May '24_ M&N b 4.25530 Oct 1922-51_ A&O b 4.2543.48 Water 1943____A&O b 4.2548 City Hall 1939_ _J&D b 4.25330 Sch Nov 1 1929 M&N b 4.25
Union Co 430 1937___M&S b 4.25430 1942 M&S b 4.254s Oct 1 1942 A&O b 4.255:31s June 1 1928 _J&D b 4.25
Vailsburg-See NewarkWeehawicen430 '22-28.J&D b 4.50Westfield-
/is June 15 '22-'80_ _J&D b 4.50West New York BsWildwood 4348'23-'57_F&A b 5%
NEW MEXICO430 ref 1953 op 1933 J&J 430 Dec 16 '32 op '22__J&D 48 Fund 1939 op 1919._ M&S 48 Highway 1922-1944__J&J Albuquerque 430 '29__M&S 58 W W Dec 1982
Bernaillio Co 68 22o9'12J&J 150 1031 op 1921
SocorroCoas '41 op '21_A&O
NEW YORKtis Mar 1 1923-1971____M&S b 4.105s Jan 1 1923-1971_ _.J&J b 4.10430 Highway 1963___M&S 11134430 Canal 1064 J&J 11134430 Canal 1065 J&J 107430 Highway 1985 ____M&S 107430 Barge Canal 1945 J&J 1053448 Canal Term 1942...._ J&J 10248 Canal Term Jan 1946_J&J 10248 g High Imp Mar '58_ M&S 10248 g High Imp Sep '58_M&S 10248 High Imp Mar 1980..M&S 10248 Canal Imp July 1960_J&J 10248 Canal Imp Jan 1961_J&J 10248 Canal Imp July 1981_J&J 10248 Highw Imp Mar '81_ M&S 10248 Palisade Park 1961_ M&S 10248 Canal Jan 1982 . J&J 10248 Highw Imp Mar '82_M&S 10248 Canal Imp Jan 1967..J&J 10248 Highw Imp Mar '67_ M&S 10248 Palisades Park 1987_M&S 10238 gold Jan 1 1923 J&J 8838 g Jan 1 1956 J&J 8888 g July 1 1958._ .- .- J&J 8838 g Canal Jan 1 1959 J&J 88Albany-43(s '22-'28__J&D 430 Water 1922-34_M&N b 4.10430 Oct 1963 A&O 434s Water 1932____ MAN 430 1922-1954 J&D b 4.1048 Park 1923 to '30_ _ MAN 330 Pub Imp '23-'34 F&A
Albany Co-334s'22-25 F&A 330 Aug 1 1925_FAA 430 1936-1937-1938_ MAN
Amsterdam ifs Was 1922-37 Aubu'n-430 Dec6'22-31Jdz D 48 Water May'23-'25 MAN 430 1925-1934
Binghamton 48 '28&'29_F&A 48 Sew Disp F&A 430 Park 1922-'37__.J&J 330 Bridge 1935_ F&A
Brooklyn-d-(Ss 1924.__J&J 45 Bridge 1926 J&J 3348 g 1923 to 1937_ ..J&J 3 s g July 10 1925___J&J 330 gold 1936 J&J 3s Bridge 1925.. J&J
Broome Co 5s '23-'33 __M&S Buffalo-78 1924 & 1925 J&J
(is Parks Jan 1 1924 _J&J 430June 15 1944_J&D 15 4348 June 15 1984.J&D 15 4348 1922-1988 J&D 431s Feb 15'62 op'32_F&A 40 June 15 1922-'30__J&D 48 June 15 1960 J&D 330 Park Reg 1927.. F&A 330 Water 1922-35_M&S
Cohoes &Ref Wat'22'45_J&J Corning 530 1923-60__M&S Elmira-48 1935 M&S b 4.204 Water 1922-'45_A&O b 4.25434! Apr 1 1933-1935
Erie o430'22-38tax-ex J&J Franklin Co 430'31-'40 M&S Fulton-3.408'22 to '29 J&D Geneva-4s Water '26_A&O Glens Falls-430 ref sewerAug 31 1922-1928_ F&A
Groton Os Wat '23-'50_51&N Haverstraw4.128'22-'37M&S Hempstead 45 g 1923- J&J Hempstead Un FS D No.1--530 1924-1929 J&J (Ss 1925-1930 (is 1931-1954
Herkimer-430'22227 MAN Hudson-4s Wat 1922 July 430 High Sch '25-'32 A&O
Irvington 4.10s '22-'36_A&O Ithaca 4.30s '27 op var_J&J 430 Ref Water 1942_ _J&J
Jamest'n 48 Mar 20 '43_ A&O
Ask.
to 4.35to 4.3510 4.3510 4.20to 4.20to 4.40to 4.4010 4.40to 4.40
45 50x1s9m26u-n1912m9p ,23.35MmA&NN b 4.235 58 1930-1950 MAN b 4.20
5 48 1923-1930 M&N 5.60 330 1922 to 1933_ _J&D
New York City-430 June 1965 J&D430 June '22-'30 J&DD 0614.5%25
R. 430 1963 !VMS
434s (new) Nov '57_M&N 1053.134434s Corp stock 1987_J&J 10534
4
(old) May1957_ M &N 1053i
4 lAs Corp stock'22-'32J&J b 4.25430 Corp stk 1971J&D15' 10534434s 1980 opt 1930._ M&S 100430 1960____ M&S 102430 Mar 1 1982____M&8 102430 Mar 1 1984____M&S 1013%430 April 1 1986 _A&O 1013%430 Apr 15 1972__A&015 1033-'48 Various 1936____M&N 9948 Nov 1955 M&N 983%48 Various 1956_M&N 983448 Various May '67_ MAN 993448 Nov 1958 M&N 99yi,4s MMay1959 _ MAN 993i334s Exempt 1922 M&N b 4.25334s Bkl n M Sew'27 J&J b 4.25
s D'k 1927 Ex_M&N b 4.208 g Exempt 1941_M&N b 4.20s Exempt 1942 M&N b 4.20s R T 1948-1950_M&N 6 4.208 g Exempt 1952.M&N 893-44:16 33.4sg Exempt 1953_M&N 8934
334og Exempt 1954_ Kt N 904 3 g Water Ex '54_M&N 904 330 Exempt 1955 M&N 88
330 Stk April 1 '54__A&O 89344 330 Nov 1 1929 M&N b 4.254 38 g Dock 1924 Ex_ _M&N b 4.254.10 as g R T 1950 Exem_M&N b 4.234.10 NlagFalls--530' 41-48 MAN 4 4.10% Sewer 1935-40_J&J 4.10 4348 School 1923-26_ FAA 4.10 00 WatM'yl'41-48M&N 4.10 45(oRepay'29-33 regM&N 4.10 45(e Sew'39-'46e_..MAN 4 330 1942-1945---MAN 4 North Tonawanda 4s'24A&O 4 430 1922-1925 J&D 4 Oneida Co-330 '23-'28 F& A 4.20 Onondaga Co 30 '22-'29_J&J 4.10 530 1922-1930 MAN 4.05 434s 1923-26 J&J 48 Mar 1 1929 M&S
Bid. Ask.
4.05 Orange Co 330 '23-'24_ Febl4.05 Ossining-430 '23-'42_M&S4.10 Oswego 430 1923-29 MAN4.251 534e Sch 1923-1946_MAN4.15 Penn Yan 4.356'22 to '310ct4 Poughkeepsie-4 330 1922 to 1930_ M&S4 Putnam Co 430 '22-'29 F&A4 Queens Co-43 1927_ _J&D4 Rochester bs 1923-26__F&A3.00 58 1927-1931 (coup) _F&A4 5s 1932-1951 (coup) _FAA4 430 Jan 15 1933 J&J4.25 4348 Municipal 194&. M&S4.25 430 Pub Imp 1925-48F&A
b Buis. d Now part of New York City. f Flat price. n Nominal.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] STATE AND MUNICIPAL BONDS 52
TOBonds. Bid. Ask. Net.
-- --Syracuse 4341 1922-35 Var.... 4
58 May 15 1922-1938 4.10534s 1922-1960 MAS 4.104.9 Refunding 1929___J&D 43348 Water 1928 J&J 4
Tioga Co Be 1923-30.. .WAS 4.20Tonawanda 4348 '23-142.J&J 100 4.5058 Water 1922-1950__J&J 4.505340 Water 1922-50_ _J&J 4.50S. St Impt 1931.. .J&J 4.50
Troy-434s 1922-1925__JA0 b 4.10 to 4.0568 1920-1940 reg____Aec0 b 4.10 to 4.05 04348 School 1922-31__F&A b 4.10 to 4.05 %430 Feb 15 1923-1957_ b 4.10 to 4.05%48 Water 1922-1925__JAD 4.0548 Sept 1 1926 4.053340 'Water 1922-36__J&J 4.05
Utica-4340 1923-35__M&N 443.1s Pub Imp'23-'42 A&O 43340 Nov 1 1922 to '35 Nov 4
Warsaw Union Fr S D No 104348 1922-1942 Oct
Watertown 434s 1942 J&J58 1922-1925 Ida58 1926-1945..... J&J48 May 1 1938____ MAN3348 Sewer '23 to '27 MAN
Watervliet 62 1922-30 VarWest Seneca 58 '22-'38.A320Westch'reo3348'27&'213.1AD5348 1922-25 reg.____JAD5%8 1926-32 reg____JAD58 1939-76 J&D58 June I 1929-54-J&D434sParkway1902-86J&D43is Co Bldg 1927-44.A&O4$ Co Bldg 1923-59 MAS45 1930 to 1935 FAA434e San Sew '33-'82_J&J
White Plains-40'22-'28 FAA5348 Sch 1931-1930_A&O3349 Water 1931 A&O430 Fund 1922 J&D58 Refunding 1922 A&O
Wolcott434sily 13'22-42 J&J 100Yonkers-4s '23 to '25_ WAS5348 Jan 1923-1928. ..A&O530 Jan 1927-1961__A&O434s Mar 1 '27-'56__A&O334s May '22 to '24__F&A58 April 1 1923-27 So 1922-1938 A&O
NORTH CAROLINA58 July 1961 4s Refunding 1950 J&J48 Building 1951._J&JAlbemarle 68 1923-38._ F&AAsheville 58 Ref 1941 J&J58 School 1943 J&J534s 1922-1957 J&J5340 Street 1923-36__ F&A
Charlotte-58St&Sew'29_J&J58 School 1923-46..___F&AtiUs Fund 1923-29._ F&A5340 1023-1930 M&N534s 1931-1048 MAN
1_A&O48 Water Mar 1935.J&J4s Water Oct 1 '4434s Vat Sr Sew 1942_J&J
Durnam-434sSew&Lt'41J&J4348 Fund 1922 to 1940_58 Water 1923 to 1945.J&J5$Fd & Sewer '22-'39 F&A
Granville Co-4348 '39 MANGreensboro-5s W V7 '30 J&J58 Aug 1 1942 W___F&A48 Water-Works 1954_J&J
Greenville 58 W W '58_FAA
63 WaterJuly 1922-24J&JIredell Co 55 Aug 1 '42_F&ALee Co 58 Road 1952...MANLincoln Co 56 1943 A '48 J&J 1005s Bridge 1937-1951_ FAA 100
Mecklenburg Co-68 Ref Nov 1950_ ___MAN
PittCo 5s 1923-36._ MAN b 5.20 to 5%4348 1943-1947. ____MAS
Lound June 1959 ....J&JRaleigh 56 1927_ A&O
Cis Mimic Bldg 1939....J&J60 Impt June 1 1944_JAD
Rutherford Co 58 '23-82 J&JSalisbury 68 Imp '23-'35 MOP468 1924-'41 M S: NSurrey Co Os May 1933-58_Wake Co 5$ Fund '48 __J&JWeldon (is Jan 1024-1942Wilmington-5s F'd '23 ..JA2
so ref & impt 1985. _A&O430 g Wat A Sew '48 A&O434s Wet 32 Sew 1952_JA.1is g Ref July 1 1929...J&J
Winston-Salem-58'24 MAS
58 gen impt 1944-__JAJ
, tis Sept 1922-1947___MAS4349 July 1 1942 J&J434s July 1 1952 J&JOs Imp Aug l5'22-'30FA A15'
NORTH DAKOTAGrand Forks 5s May '24-38 b 6% to 5.75
Ward Co 4348 July 1925.J&J
OHIO (See foot-note *)434s 1923-1932 A&O, *Akron Os 1922- 1940_ _ _A&O
*135 1924 & 1928 Var *58 Water 1922-1953.M:0 b 434 to
*5348 W W 1924____MAS •5348 1923-1929 J&J 105348 1930-1937 J&J 4
Butler Co 4349 1924__ _J&J 5 j0434sFI-Emer'23-31 MAN 4.80
Cambridge-4349'23234 J&J b 5% to 4.60 %48 1923 J&J 5*.5s Sewer 1953 MAS 4.40058 Sower 1931-37.. WAS 1.50
Canton-'058 Sew 1953..MAS b 4.40 4.25%413348 Fund 1922-37 _J&D b 4.50 to 4.30*1133 Water 1944-1959_A&O b 4.50 to 4.304348 Water-Wks '30./ILAS b 4.50 4.15%
_40 '22, '26 &'27____F&A b 4.60 4.25%
'Canton S D 58 1934 A&08 4.25*58 Dec 10 1922-26JAD10 4.80*4.408 1956 4.25
Cincinnati-414348 St'32.J&J 4.40*(39 Funding 1928_ _F&A 4.50stMsImpMarch 1941 MAS 4.25.534sImpFeb '46, '51 F&A 4.254.5348 Mar 10 '31 MAS 10 4.50
1058 July 1 1963 J&J 4.15ciqs July 1943 J&J 4.20
*4 s Sewer 1955 S: A0048 8 Sew Sep 3'37 MAS3
4.20 4.40
3.058 g Feb 1937 _F&A 4.40
3348 Water '45 op '25 F&A 4.5038 Water 1939 op '19_F&A 4.50
Cinc S D *434s 1934_A&O 13 4.6548 1936 opt 1906_ MAS 4.80
Cleveland*5 s 1940-70JAD 334s 1940 IA 1912 ..A&O 4.80
4.25(is 1932-193 J&D 4.4041534sPub Hall 1970_J&D 4.25,1.58 W W 1936-1968_ JAD 43,1,1'4348 St imp Feb 1 '34F&A 4.40'434o March 1949._ WAS 4.25''434s Fire dep'23-'55.A3:0 b 4.80 to 434 % 143-10ClarkAyBdg'42.A320 4.30430 Park 1938_ A&O 4.3048 Park 1929-1931_ A&O 4.2548 Grade Cross'g '30_A&O 4.25
Cleveland S D *4343 '22-'35 b 4.60 to 4.40%48 1923_ A&O 4.5048 July 1 1932 .TAJ 1 431*68, 1922-1940 J&D b 4.34 to 434 %
Cleveland Heights S D- 14168 1926-1959 A&O b 5% to 434 .%
Columbus *68 '49-'57_ MS:S • ' 4%48 Sewer '33 opt '13_ MAS 4.254s Wat-W '45 op '20_ MAS 4.253348 1932 opt 1912 J&J 4.50
Columbus S D 48 1926_ M&S 4.503348 March 1 1923 MAS '4.751*59 1943-1952____JAD 19
ASr0
1474:35
*58 Bridge 1922-27_
51Cuyahoga Co *Os'22-39A&O
4.75'*58 Ref 1923-1939. .... A&O b 5% to 4.50 %48 Ref 1922 to 1926_ Mr° 14A4s 1922-1941_._AA0 b434% to 4.157
'Dayton-Ss 1923-'32_141,12N b 4.40 to 4.25%*Os Gen fund 1028__A.A0 b 4.50 4.25% __-•534s W W Imp 1044 J&D b 4.50 4.25% -.-1058 W W Imp 1945_ F&A b 4.50 4.25%*4 As W Wimp 1940.JAD b 4.40 4.257 - - -*434s ridge 1933-39 A&O b 4.40 4.25%
Dayton SD 5349'41-'01MAS3 b 4.45 to 4.307*53 71ar16 '23-'46 MASI() b 4.60 to 4.50%
East Liverpool-is 1940.J&J ;4.50Elyria 45 1922 to 1923_ FAA 4.9048 Water 1924 to.'38.J&D b 434 to 431758 W W 1929-1946 __.T&J b 4.75 to 4.40 %
•FindlayCitySD55'22 A -27J&J b 5 to 5%Fostoria-4s 1925 ___ .MAS
14.80
*53 W W Imp '23 -'40 MAS b 5.25 to 434Franklin Co 4s '23 -'23_MAS ,4.90
*55 Fi•Emerg '23 '29.MAS 14.80*51,4sflosp&Bwe'95 35FAA b 4.80 to 4.50%*Os Rd May 227-31 MAN2
Hamilton Co '434s '43_ FAA 4.60431% Oct 1 1939___A&O 4.6048 C El rile '36 op '16 JAD 4.90'
Ironton *434 W W 1936 J&D 4.80Lakewood 434s '22 -'39_AA.0 b 5% to 4.60 % 1
*434s Oct 1945 Adr0 4.60*59 Park&Imp '22 •'41A&O 6 5% to 4.50% 1
*Lawrence Co 58 1934_ WAS 4.90Lima is Sower '22 to '25,14:0 4.75*69 May 1 1925._ MAN 5.10,*4348 Oct '22 •Oct'30_AA0 b 5% to 431% 13343 Ref '30 opt '25__AA0 4.50
Lorain 55 1922 to 1932....J&J 5 4.90 to '1.60%*59 W W Ref '22 '27 MA., 5*68 Fd Sep15'23-28M3rS15 5
Lucas Co 4s C-1I 1944_ M&S 4.15*534sWatSup'23 -.30 MAP 434
Madisonville (in Cincinnati) 136 1932 opt 1022._._ J&J 5
Marietta-1.4341'22-'33 MO b 5% to 4.60%334s 1931 opt 1911__1'AA
Marlon As 1923-- __MAS ____ gMartin'a Fy Si '26-'44_ MAS b 4-80 it; 4.00%VIercer Clo 3, 23 to '2 i FA A 5Miatn Conservancy Dist-5348 (1 to 5 yr mat'y) J&D 5534s(5to 10yrmaVy) JAD 5534s (after 10 3433W- Jed) 4.83
Middietowa48'3000'20. FAA 5Montgomery County -*53 Fi-Einerg '23-'42 JAD b 4.90 to 4.60%
MuskingtunC01.590et1,22-23 _ 5.10Newark coi 1923-41_40:0 b 5% to 4-75 '70Norwood 434s 1925 Jdr D 4.8048 1930 _ ._ . _ _ .. _Adc0 4.65
Portsmouth-18'22 '24..JA EY 5:.an lusky 33 '22 to '26_F&A 5Springfield-4'5 -934.. 5 5% to 4.80 %
48 1922-1925---------MAS 434Springf'd SD*58'22-'39.J&J2 b 4.90 to 434(7,':,Steubenville *58 '23-'33 MAS b 4.90 to 434 %Summit Co 5s '27-'30.A3:0 4.50Toledo •53WW '37-'44 FAA b 4.40 to 43,1 %
*69 Gen Fund 1929_ FAA 060 Pub Wharf 1960..MAS 4.20'115s Sewer 1949 WAS 4.25'0434s Sept 1 1928._ MAS 4.40*434s Wat 1932-34 _J&J 4.304310 Bdg '28,'333e38 F&A b 4.40 to 4.30% i49 1926 ..A&O 43448 Park July 1 1942__J&J 4.1033413 Refundig 1930_ MAN 4.20
43
79
Bonds.
Toledo Sch Dist-4s '23 to '2980 1922-1924 MAN6s 1925-1930 MANOs 1931-1960._ MAN
Warren Co 58 1929-34 MASYoungstown 11155 '22-'25 A&O*Os Fund 1928 A&O6s Bdge 1932-41_ _A&O1050 Ponce 13,102 St '22-'32•4348 1922-1957._ _ AA()
Youngstown School Dist-'434s 1944-1947 MAS
Zanesville-005s City Hall& Market 1922-39... MAS
Bid.
b 4.80b 4.85
b 4 %b 4.90
b 4.60
OKLAHOMA434s Oct 15 1924-33 A3:015 40 Funding 1922-27 F&A Canadian Co 4s '23-'31_ FAA Guthrie 68 W W '43___A&O Muskogee-434s 1925 MAN5s Nov 1 1924 MAN 58 Sewer 1936_ M AS_
Okla Clty-Lis '37 op'22 F&A 513 Water 1936 MAS 434s Sewer 1938 F&A 434s W W 1941 J&J
Okla City S D Is 1933 J&J 58 1926, 1930, 1931_ Var.
Okla Co-4348 '24-'33 J&D Okmulgee 53 Mar 15 1943___ Payne (10 4349'22 to '29 AA0 Tulsa 534e 1927-32 _FAA 534s July 1916 F&A 5s 1933-1947 FAA
OREGONOs Highway 1925 A&O5343 hIghway 1925 A&O b4.604349 away '24-Apr'44_A&O b 4.40430 1925-1944 (s-a) Adr0 b 4.4048 Highway 1922-42 A&O b 4.4040 Highway 1923-41_A&O b 4,4049 Aug 1 1928-1033 F&A b 4.40Albany 38 ref '31 op '21.A&0 Astoria 58 1953 J&D Baker City els 1934_ M&S Olatsop Co 59 1934_ _A&O Colum Co 53'24-'29-'34.M° b 534Dallas City Sc '22-'28_ MAN Eugene 58 1942 MAS Multonomah Co 430'32J&D 55 Road 1923 -1929_
Portland-58 g C H '22_J&J b 5%534s Aug 1928. F&A b 4.7055 gold Bridge 1025. _A&O b 4.7058 Harb Dev41923-50M&N b 4.40
4340 Dock 1943___MAN b 4.40430 Oct 1922-47____A&O b 4.4048 Water b 4.35
Pt ofAstoria,5silar'24-'29J&J b631%Pt of Coos Bay Harbor Si. Port of Portland-
4s Dry Dock 1934 _J&J Salem-5s Sewer'23 -'33RIAN b53( %
PENNSYLVANIASo July 1 1951 Series C__J&J4315 July 1924, 1929, 1934
1939, 1944, 1949____J&JAllegheny-1s '23 dr '27_JAJ4s Street Impt 1937_ MAN330 1922 to 1931....A.420
Allegheny Co 4311 '43_MAN48 Road 1939 A&OIs Bridge 1942____ _FAA3341 1932 opt 1922 MAN
Chester S D 43-49'32237242_Easton-334s 1928____A320Eastou S I) 48'24 op '24 FAAErie --43 Street '22 op'11 J&J430 School 1925-39_A&O4345 Ref 1931 op '24...JAI
Erie 8 D 4b 1922 38__F&A434s 1922 •1937 A&O4348 Jan 1 19:301940
Fayette Co 40 Road '26.A&OIs Road 1936 A&O
Harrisburg-40 Aug 31 1928-32.....MA848 Pub IMP '23 to '38 h1,1rS
Lackawanna Co Is 1944FAAiaancaster 36'38 opt '28.A&O334s Sewer 1934 __WES
La viaster S D 49 May 1945.Lo .yerMerion rp15.4 48,4349AcK'pitSDI4s'23-'4.3M&NMercer Co 5341 '24-'47_ FAANorristown 8 t) 444'43 J&JPtilialeipala-15 1537 __J&J53 Jan 1951_ _____ Ada434s May 1948....._ ..J&J434; Nov 1 MS....JAI45 faly 1939..-__43 July 1942 _J&J43 Ian 1 1946_ __JAI43 'coy 1 1925J&J334s July
1932___ ..._
334s July 11934_ .._ __J&JPnila S D 430 '24-'43__J&J49 1923-1942. J&J
PlttsOurgh-1343'22-'50JAD43 A107'2500 '10-'22 MAN45 1923 to 1927 MAN43 1923 to 1939______J&J4343 23-'33 taxaole_ MAN3545 AI, '23 to '30._A320
11 5 34
b 4.20b 4.20b 4.20b 4.20b 4.20b 4.20b 4.20b 4.2095959595
Providence 4s 1927 A&O 973449 Jan 1 1948 J&J 9848 July 1966 J&J 9848 May 1062 M&N 983 Ms Bch & Br 1929_ _ M&N 9438 Sew dc Imp 1929_ _ M&N 91
Westerly-4s 1927..._ M&S 97334s Water Feb 1929_ F&A 94
W Jonsocket 434s Fd '41J&D 10069 Fund 1924-1935__M&N 6 4.606.8 Fund 1936-1961_ _ M&N b 4.604349 Funding 1944 _M&N 100434s June 1923-1057.J&D 58 Funded 1923-1959_ A&O b 4.5048 Funding 1947.... ..A&O 943348 Wat May 1 '31_ M&N 92SOUTH CAROLINA
4349 Blue 1928 J&J 10048 .Refund 1952 op 1932_J&J Charleston-5a Oct '22_A&O
Charleston Co 6s 1037 J&J Cheraw fis '52 op '32_ _July 1 Clarendon Co-
bs May 15 '36-40 M&N15 Columbia Ss Ref 1941_M&S4348 Water 1945 J&J
Greenville-5s St 1942_J&J5e Water 1958 F&A
Greenville Co4348'40-'55J&JRichland Co 813 1933___J&JRock Hill So 1951 op '31_J&JSpartanburg 48 '35_..A&O58 Sept 1 1939
Spartanburg County-434s 1923-1927 M&NSOUTH DAKOTA
6s Rural Credit '33-'40_ A &O6s Sept 1941 M&S58 Mar 15 1931-35.... Marti 155e June 1 1924-'39 J&D5.1 Highway '24-'28_ _ _ _A&OOfe Rural Credit 1939_J&JAberdeen434a Sewer '32 J&JSioux Falls fie 1931.._.. .J&DSioux Falls S D 5s 1935_A&O534s Dec 1 1940___J&D
TENNESSEE4 s July 1 1922-67 J&J 64.504348 Ref 1922-1985 J&J b 4.504349 1938-1955 J&J b 4.5048 1tef 1922-1955 J&J b 4.4048 1932-1953 J&J b 4.40Blount Co 88 1926.
1931, 1936, 1941, '51_J&JChattanooga 454a1937_J&J51s ref Apr 15'51 A&O 155s Audit 1927-'32_ M&N4348 May 1952 ____M&N434s Park 1942_ __ M&N434s Dec 30 1941__J&D30
Cocke Co Rd & Brge-'24, '29, '34, '39___M&N
Cumberland Co 58 1956_J&JDavidson Co 434e '37opF&AGrainger Co as 1940___F&AHamilton Co 5s 1935. A&O
bs April 1 1945 A&O4348 C H & Jail '42_ _A&O434s Bdge & Sob 1947A&O
Knox Co 58 1930-1945 Knoxville 5a 1940..___M&N
Os Wat Ref 1923-46....M&S534e Fund 1950 ____M&S434e Funded &c 1937 J&D434s Water-wka 1949_J&J4s June 1 1929__J&D
Memphis 15e July 1954_J&JBe 1922-1927 F&A b 4.70 to 4.6588 River Term '23-'48A&O b 4.70 to 4.4551. Audit Mkt'25-'49..0&J b 4.65 to 4.45434e Refunding 1926.J&J 434e Refunding 1939_J&J 434s St Impt aro '46_F&A 434s Park 1947 Jar.; 434s Street 1947._.. M&S 434s 1050 J&J, 454oPark 1959 A&O; 40 Water 1933 M&NI
Memphis S D 434e '59J&JNashville-6s Apr 1923-'42_ A&O5s Mar 1923-'60_ M&S55 March 1933 111&S50 Sch 1922-1945_ ..J&D4e Sewer 1923 A&O4 Street 1935 J&J43-4s High Sch 1940 J&J48 (Tenn C RR) '24_ M&N4s Water 1928 J&J
Putnam Co 4 Ms 1941_J uly 1RobertsonCo4e'41op'31_J&JShelby Co-434eSch'41_J&J
TEXASAustin 58 1922-1942_ _ _J&J b 4.80 to 4.60 %6sSch Bg&Hos'52op-'32J&J 4.60434%nRef 1922-1946.J&J b 4.80 to 4.60 %
Beaumont 85 '52 op '32_ A&O 4.8058 Water Works 1954.M&S 4.804e 1942 opt 1922 J&D 4.80
Cleburne5sWW'52op'32.J&J 4.80Dallas-5e 1931 J&D 4.605s g Aug 1928 F&A 4.60be 1923-1960 M&N b 4.70 to 4 %434s Sch 1923-1952_ M&N b 4.70 to 4 %434s 1924,1928,1938,1939,
48 Water '47 op '17.._A&Olb 4.70 to 44s School 1922-'51_ _ _J&J b 4.70 to 4
1942, '43, '44, '45_J&J,6 4.70 to 4
DallasCo44eSep 10'51Apr10 4.70fle Viad & Bdge Feb 101954 op 1924 Apr 10 43-4
ElPaso5sWWPurch'50_A&O 558 Fund 1951 opt '31_ M&S 53489 School 1955 op '35_J&J /355 Imp Aug 1 1948 .F&A 5
Galveston-58 Lim debt 1932-1936 J&J15s Grade Rale 1944_ _A&O5e School 1922-1954.M&SBe 1923-1956 A&O434e Grad &c'48op'28 J&J43eGrad &c'490p'29 A&O'
Galveston County-58 Bd Apr 10 '51op'31A&O
Harris Co 48 '47 op '17_A&OHouston-55 Sew Nov 15 1939..M&N58 RefOct16'41 op'31 A&OSe Mun Imp '26-'36_ F&A b 4.70 to 44 Ma Sept 1922-1982 M&N b 4.70 to 4434e Oct 26 '38 op'28 A&O b 4.70 to 4
Port Arthur 58 1922-56 M&S b534% to 4.85San Antonlo-3s'23-'53M&S b 4.70 10 4.405s Sept 1922 -'53____M&S b 4.70 to 4.405s Sept 1931-1959 b 4.70 to 4.408s St Imp Dist No 2 1943.. b 4.70 to 4.40
°San Antonio S D 58 '56_ F&A' 4.65Tarrant Co-8s Road & BdgApr 10 '82 op '22_ _Apr 10 5
Waco-fie Nov 1 1934 _M&N 5tis Sewer 1937 J&J a58 Water-Wks 1942 _Jdal 548 Jan 1 1931 5
434s Ref Aug 1942 _F&A Lee Co-5s 1923-'4L ._J&J Lynchburg-5s '26 op_ _J&J 434e Ref June 1 1927.J&D 434a Pub Impt 1939__J&J 434e Pub Impt 1040__J&J 434s Water 1951 J&J 48 Ref Oct 1934 J&J
Newport News 434s '48 J&D 43(s Feb 1953_ _F&A 4s Street Nov 1 1941 M&N
9534
55555
5.404.50
4.004.60
0
5.255.25
48
4.354.354.354.354.354.354.504.704.704.704.704.70
0
4.050,4.50'4.504.75
Zoo4.605.204.754.754.604.604.604.604.754.754.75
Bonds Ash.
Norfolk-5s Ren 1923_J&D6a Oct 1 1950 -----534s School Oct 1 '51 A&O5s Municipal 1949 _F&A55 Municipal 1969 _F&A4348 Munk Impt '42 M&S434s Renew Apr 1 '41 A&O454e Imp July 1940 _J&J48 Impt March 1936_ M&S
Petersburg 434s 1952_ _A&O 100Portsmouth-4 Ms 1940 F&A
53.4e Aug 1 1951 F&A
4 e Sch & Sew 1938&J4349 imp Oct 1 1942_A&O
5s Water 1948 J&D68 Ref 1928 J&J
Richmond-6s July 1 1922-1929 J&J6a July 1 1930 J&J434e Pub Imp 1949 J&J434s St&PkRtiSep'29_J&J413 1922 to 1930 J&J45 1938 to 1943 J&J48 1924 J&J48 1941_ _J&J48 Elec Light 1942_ _J&J48 1943 J&J
Roanoke 434s Ref 1936_J&J41e St Impt May 19404 Pub Bldg 1941_ M&N4 Pub Bldg 1944_ M&N4 Ms Apr 1952
A
48 St lmpt 1936 J&JStafford Co 53 1942 _J&JTazewell Co 58 1923-46_J&J 100
WASHINGTONOs Gen Fund 1926-1940_J&JAberdeen 534s '22-'31. ..J&DBellingham be 1926 Adz°Clarke Co 5e '35 op '25 Jan 1Everett tis July 15 1931_J&J58 June 1936 J&D
King Co-5s 1928 M&S58 C't House '33 opt May58 Road 1935 F&A43eHarb opt '22-'30 Novl
Lewis Co 8e 1923-32_ _ M&SPacific Co 4 Ms July 1 '28-'36Pierce Co Se ref '25op'15A&O58 Sept 1 1928-37 Sept48 Ref 1926 opt 1916_M&S
Port of Seattle 5e'22-155M&S 653 % to ISM %416e Jan 1923-1955.__J&J b5 0/to 554 70
Seattle-5s 1922-1930__J&J b5 % to 8.15%60 L & P Sys 1927-41_A&O 68.50 to 534434e Sewer 1927__M&S b534 % to 5.10 o434e Water 1931 J&J
5'15434s Light eat 1932.. ..J&J b 5.50 to 5.20 %4e Lib Oct 15 '22-A&015 5.504s April 1 1929 A&O 4.75
Seattle SD Nol 434s'24 M&N 4.7543.4s Mar '23 to '31_ M&S 4.75
Snohomish Coils '31 op aft '21 5.40Spokane 513 Park 1927__J&D b 4.70434s Bdge Conat 1931 J&J b 4.704 s Water 1935 J&J b 4.704348 Park 1962 J&J b 4.70434s Bridge 1922-36 J&J b 4.7048 Water July 1 1925.J&J b 4.70
Stevens Co-4 Ms '29 op '19.. Tacoma-53'22233 J&D 454s Lt & Pow 1929_ J&J 434a Refdg 1931 A&O 334e Jan 1 1939 J&J
WEST VIRGINIA58 Highway 1927-1946_ -J&J b 4.40 10 4.20334s Jan 11930 J&J Charleston 43.48'41 op'27J&J Charleston S D 5s '242.52.1&J Clarksburg Ss '22-'53_A&O ClarksbgSD 53'41 op'21M&S Hancock County-5e GrantRoad Dist '46 op '32_ M&N A00
Huntington Ss 1944_ Oat Martinsburg 513143op'29 Decl MercerCo5e'44op'24A&O 15 100Parkersburg 4s %Vat '29 June
4340 June 1 1933_ J&D Wheeling-6e 1924 op Nov 434s Ildge 24 op '06_ J uly 48 Ref 1922 to 1936_ July
ToNet.
4.604.75-
4.604.6G4.50
4.504.504.504.704.804.704.704.755
4.704.704.504.504.504.454.504.45,
4.454.504.504.504.504.504.505.253
b5U%to F64.70 to 4.40
43 434
- _ 465% to 4.80 % 5 4.80
b 5% to 4.80 % 4.80 4.80 4.80 4.80
to 4.40to 4.40to 4.40to 4.40to 4.40to 4.40 0
4.754.754.75
WISCONSINAppleton 454s 1923-32_ F&AFond du Lac 454s'23-'38 MarGreen Bay 434s '23-'33_J&J68 W W 1922-1935_ M&NOs W W 1930-1960 M&N
Jefferson Co 58 '28-32 A&OLaCrosse4Xs'32op'22. F&A4s Water '31 op '21_ J&D
Madison-4a Oct 1931..A&OMarshfield 43-4s '22-'32_J&JMilwaukee 5s1023-1939 J&J50 1922-1939 J&JBe Jan 1023-1940 J&J58 July 1922-1940 J&J454s 1923-1939 J&J454a Park 1923-1935 J&J4s Viaduct 1922 to '20 J&J
Milwaukee Co 4s'22-'25M&SOshkosh 454s 1923-34... F&ARacine 454s Ref '23-'30_ F&A
4e School 1923 F&A6s 1022-1941 F&A
Racine Co 45 1923 F&Atis 1930-1940
Wausau-4 Me '23-'33 A&OWoodCo-5s '28,'29,'31A&O55 1934 A&O55 1937 Jr 1938 A&O
WYOMINGOs Pub Bldg 1922-28_ _Jul5Cheyenne 5s '31 op '11_ F&ASheridan-
6s Fund NIch 15 1952 M&
43,1
444
4.204.504.604.704.75
54.354.8554.704.654.604.004.40
b 4.40 to 4.30 %4 4.40 to 4.30%b 4.40 to 4.30 %
b 43-4 to 4.30
b 4.40 to 4.20b 4.40 to 4.20b 4.40 to 4.20b 4.40 to 4.15b 4.20 .to 4.10
64.40 to 4Mb 4.40 to 4.30
b 4.40 to 4.30
b 4.40 to 4.35
5S4.504.304.254.404.504.20
4.040
40.40
47°..4400
4.504.404.35
i4.495.40
b Basle. f Flat price. n Nominal 10531 2.55
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BANKS AND TRUST COMPANIES.Quotations in this department are given per share, not per oent, etoept for stooks of Canadian institutions, and are
Cu near as possible for the closing day of the month preceding the date of issue, though often are nominal. An asterisk (*)
denotes sales.Figures of deposits, capital and profits for the national banks are from the Comptroller's last oat!; for all other insti-
tutions they are the lato3t obtainable, direct returns being prooured by us where no periodio statements are required. For
the Clearing House banks of New York, Philadelphia and Boston, deposits are taken from the latest weekly statement.
AL RAMA -N at . banks May 5; State institutions latest returns
alrmingbain-
Capital.SurplusProfits.
GrossDeposits. Par,
letter Tr & Say Bk_ 500,000 497,724 9,762,021 100;Iirming'm Tr it S.. 500,000 832,771 12,900,283 100lint National Bank 1,500,000 2,314,627 24.812,999 100evaders' Nat Bank._ 250,000 91,067 2,694,971 100
Mobile-lint National Bank 300,000 1,098,677 11,438,967 100Merchants' Bank.._ 200,000 420,000 6,300,700 100Plople's Bank 200,000 305,017 4,924,768 100
Montgomery-Mxchange Nat Bank 300.000 816,007 81,066,958 100*Ind National Bank 1,000,000 544,944 3,679,007 100Fourth Nat Bank.._ 500,000 8128,110 84,241,978 100Alabama Bk&Tr Co 800,000 37,000 900,000 100Onion Ilk it Tr Co.. 100,000 106,877 1,100,704 100
Bid.
Per1130280300200Per
430260240
Per102138110100177
Ask.
share.175320310210share.
445300250
share.105141112
185
ARIZONA-Nat. banks Dec 31 State institutions hit sat returns.
Pu oonlz-/Vat Bk ol Arizona.. 900,000 £252.7581, £3,280,072 100Phoenix Nat Bank _ 200,000 v234.830 v3,615,373 100rkoenizS Bk it Tr.. 100,000 211,227j 2,054,673Valley Bank 500,000 174,447 5.188,322
Per share
ARKANSAS-Nat banks May 5; State institutions latest returns.
Little Rock- PerAm Bk of Com & Tr 750,000 272,544 8,543,743 25Central Bank 200,000 42.373 1,023,735 ____ Ragland Nat Bank. 300,000 104,776 2,066,427 100 exchange Nat Bank 300,000 237,449 3,275,270 100 Commercial Trust 100,000 37,897 678.717People's Say Bank.. 200,000 73,074 1.934,749 25 Bankers Trust Co__ 300,000 85.976 3,925,555 100 Southern Trust Co.. 500,000 187,747 3,355,293 25 Union & Mere TrCo 400,000 381,707 5,333,394 100W B Worthen Co__ 200,000 313.172 2,874.372Vine Blain- PerAnne' Bank__ 300,000 235,727 1,538,275
littonBelt S&T Co 100.000 80.197 781.927 25 - larch it Plant Bk_ 175,000 201,877 2,343,489 25 ____=mons Nat Bank 200.000 1283,972 12,570 791 100
share.-----
share.
C kLIPORNIA-Nat. banks May 5; State institutioni latest returns.
Fresn 0-fidelity Tr &first National BankGrowers Nat Bank..Union Nat Bank--
Los Angeles-Citizens' Nat BankConamorcial Nat BkJontinental Nat....Farmers it Mer NatVIM National BankCalifornia Bank_ _-Merchants' Nat BkSecurity Tr & S Bk..Hellman Corn T it SCitizens Tr it S BkaOu Ang Tr it 8 Bk..SNational Bank..
Union Bank it Tr- -
Oakland-Central Say Bank --Central Nat Bank_Farmers it Mar Bkfirst National BankAmerican Dank.... _Usikland 13k of Say..State Sayings Bank
Pasadena-/flat National Bank:3ecurity Nat Bank..Nat Bank it Tr Co..Flret Tr it Say Bk_
Sacramento-California Nat 13k_California Tr it S Bfarm it Mach S BkiS B DO Mills & CoPeOple'a Bank Sea-San Joaquin 13k
San BernardinoCalifornia State Bkferaaere' Ezell Nat
share.San Diego- $ PerFirst National Bank 1,000,000 569,144 12,114,384 100 Merchants' Nat 13k 250,000 8622,457 83,413,430 100 San Diego Say Bk_ 200,000 522,729 7,070.492 100 Secur Comm it S B 165,000 49,409 1,624,143 100 Union Nat Bank.... _ 200,000 e74 ,379 e1,225,280 100 United States N Bk 100,000 v10,914 v1.772.119 100 SouthernTr it Com-
merce Bank 1,000,000 324,777 13,660,914 300 San Francisco-
American Nat Bank 2,000,000 733,422 15,652,846 100 116 Anglo London-Paris
National Bank.._ 5,000,000 3,444,420 68,742,670 100 162 164Bank of Calif, N A_ 8,500,000 8,718,107 70,572,549 100 206 Bank of Italy 10,000,000 3.734,324 177867710 100 204 Columbus S it LSoc 130,000 188,031 2,883.719 259 Crocker Nat Bank_ 2,000,000 8,389,190 31,360.911 130 Don'hoe-Kelly BCo 650,000 223,242 2.797.869 100 First National Bank 3,000,000 82,204,890 323468020 100 230 240French-Amer BankSan Fran S it L Soc
1,000,0001,000,000
611,4422,650,000
13,359,77568.201,299
1001000
1203700 i000
Humboldt Say 13k 1,200,000 574,000 17,963,928 100 130Italian-Amer Bank 1.250,000 332,705 11.494,719 - - Merchants' Nat Bk 1,500,000 8115,703 83,881,592 100 89 Mission Say Bank.. 1;00.000 67,870 6.589,519 100 Security 13k it Tr Co 750,000 369,586 4.898.095 250 Wells Far Nev Nat 6,000,000 5,248 ,587 55,243,789 100 165 167%Anglo-Calif Tr Co_ 1,500,000 1.021.034 35,181,381 100 159
Mercantile Tr Co_ 4,000,000 3,296,120 65,102,798 - - 252 First Federal Tr Co 1,500,000 704.014 21,986,761 50 Union Trust Co_ _ _San Jose-
1,200,000 2,277.532 32,853,206 800 2300Per ;;;;;;
Bank of San Jose_ _ 300,000 387,957 4,785,778 100 First National Bank 600,000 a403,517 a8,571,776 100 Security Say Bank_ 100,000 208,270 2,659,721 100 Security State Bank 100,000 165,717 1,245,243 100 Gard C Bk it Tr Co 500,000 657,512 6,851,905 100 St oc kt on-
City Bank 400,000 215,399 3,299,776 80 Comm'l it Say Bk_ 500,000 313,830 5,463.488First National Bank_ 200,000 a312,579 a965,593 100
CANADA-See last page.
COLORADO-Nat. banks May 5; State institutions latest returns.
Colorado S am- Per shore.
Colorado Say Hank 50,000 218,712 1,353,167 100 Colorado Spgs N B.. 100,000 121.374 1,588,400 100 Exchange Nat Bank 300,000 291,403 4.915,473 1.00 First National Bank 300,000 466,790 4,406,707 100 Colo Title it Tr Co_Denver-
300,000 107,290 1,545,749 100 Per share.
Central S Bk it Tr.. 500,000 327,733 8,373,708 100 Colorado Nat Bank 500,000 1,818,070 25,939,713 100 Denver Nat Bank 1,000,000 1,484,244 21,865,976 100 Drovers Nat Bank 200,000 50,240 981.019First National Bank 1,250,000 1,081,474 29,606,798 100 Globe Nat Bank_ _ _ 200,000 55,311 1,574,336 Hamilton Nat Bank 350,000 162,552 5,443,339 100 Merchants' Bank_ 125,000 41,512 1,183,495Stock Yards NatBk 250,000 189.779 11,649.669 100 U S National Bank 400,000 824,477 13,483,712 100 Amer Bk it Tr Co__ 500,000 398,777 7,608,773 100 Bankers Trust Co_ 1,000,000 250,000 2,344,197Hibernia Bk&Tr Co 100,000 43,027 1,378,143 100 Guardian Trust Co. 240,000 38,149 1,059,369Home Say it Trust.. 200,000 157,200 3,953.328International Tr Co 500,000 877.990 13,345,726 100 ---
Interstate Trust Co 200,000 105,721 2,671,511Leadville- Per ;gr..
PLORIDA-Nat. banks May 5, State institutions latest returns.
Jacksonville- Per shar;Atlantic Nat Bank_ 350,000 1,322,074 20,371,445 100 Barnett N B of Jack 750,000 775,397 12,081,001 100 Florida Nat Bank.... 600,000 454,520 13,274,290 100 Tampa-Citizens Am Bk&Tr 1,000,000 463,477 7,630,790 100Bank of Commerce 100,000 25,448 539,275Exothange Nat Bank 250,000 e538,471 e4,180,191 100 VIM National Bank 400,000 3340,791 86.452,462 100
011ORGIA-Nag. banks May 5, Male institutions latest returns.
Atlanta- Per shareAmerican Say Bank 100,000 46,277 325,701 100 95 100Atlanta Nat Bank.. 1,000,000 1,965,792 20,357,796 100 300 325Central Bk&Tr Cor 1,000,000 693,224 9,078,278 100 135 150Citizens dc Sou Bk. 2,000,000 2,769,719 37,404,062 225 250Fourth Nat Bank_ 1,200,000 2,390,518 19,460,722 100 270 280Milton Nat Bank.... 760,000 346,884 5,217,745 100 125 135Ga Say Bk & Tr Co 500,000 141,000 1,065,000 100 125 135Lowry Nat Bank.... 1,000,000 1,793,104 14,071,741 100 245 250Atlanta Trust Co.... 1,300,000 184,444 1,364,477 100 105 110Trust Co of Georgia 1,000,000 1.864,277 2,609,059 100 300 320Augusta- Per share.Augusta Say Bank.. 100,000 45.797 978,728 100 160Georgia RR Bank_ 1,000,000 307,701 6,446,727 100 200 Citizens & Sou Bk. 3,000,000 2,769,719 37,404,062Nat Exchange Bank 400,000 314,572 1,934,177 100 135 145Union Say Bank.._. 100,000 85,000 1,400,000 100 150Columbus- Per shlreColumbus Say Bk. 150,000 200,000 2,245,000 100 150Fourth Nat Bank... 300,000 e177,776 e909,971 100 135 140Home Sayings Bank 50,000 40.796 1,306,744 100 150 160March & Mach Bk. 100,000 223,901 1,457,971 100 175 180First Nat Bk of Col. 100,00V 249.497 903,941 100 145 150ThirdNationalBank 500,000 556,527 1,483,970 100 160 175Mac on- PerBibb National Bank 100,000 834,000 8865,000 100 85 92Citizens & Sou Bk. 2,000,000 2.769,719 37,401.072 220 210Fourth Nat Bank... 500,000 631,379 8,019,736 100 142 152Macon Nat Bank__ 150,000 e141,741 e2,024,792 100 135 145Savannah- Pr, 013,Citizens' & Son Bk_ 1,000,000 2,769,719 37.401,062 100 225 Commercial Bank 100,000 61,039 1,030,984 100 Exchange Bank__ 250,000 151,970 2,182,943 100 150Liberty Bk & Tr CcMercantile Nat Bk.
300,000800,000
527,849854,377
2,511,6528300,000
100100
175100
200110Oglethorpe Say &Ti 150,000 233,340 1,140,259 100
Boise City-Boise City Nat Bk_ 250,000 226,830 3,505,999 100 First Nat of Idaho.. 300,000 347,557 4,989,143 100 Pacific Nat Bank_ _ 100.000 p1.21.507 el .942.375 inn
[VOL. 114.
LLINOIS-V st. baats .1f,ty 5; St its institutions titre( reta,n4Surplus ec Gross
Capital. Profits. p Deposits. Par .1 8(4. 1 Ask.Aurora-
Aurora Nat Bank.._First National BankAmerican Nat BankMerchants Nat Bk_Old Second Nat BkAurora Tr & Say BkChicago-
Aetna State Bank__Amer State Bank__Atlas Exch Nat BkAustin State Bank.Calumet Nat BankCapital StateSayBkCentral Mfg Dl. BkCitizens State BkCont & Comm N BCorn Exch Nat Bk_Cosmopolitan St BkDepositors State 13kDrexel State Bank..Drovers Nat Bank.First Englewood
State Bank First National BankFirst Nat Engiew'dForeman Bros Bg CoGarfield Pk St S BkHalsted St State BkHyde Pk State Bk _Independ'e State BkIrving Park Nat BkKaspar State BankLake View State BkLawndale State Bk.Lincoln State BankLive 51k Exch N BkMad & KedStateBkMach & Trad St BkNat Bk of RepublicNational City BankNat Produce Bank _North Ave State BkNoel State Bank_Ogden Ave StateBkPeople's Stock IrdsState
Phillip State BankPioneer StateSay BkReliance State BankRoseland State S BSchiff State Bank....Second Security BkSecurity Bank So Chicago Say Bk..South Side Tr & SayState Bk of ChicagoStock Yds Say Bk_Union Bank of ChicUnited State Bank..Washington Pk N BkWest Englewood-Trust & Say Bk_
West TownStateBkCentral Tr Co of ElCenturyTr&Sav BkChicCityBk&TrOoChicago Trust (Jo...Cont & Corn T&S BDrovers Tr&Say BkFidelity Tr & S Bk_First Tr & Say 13k.Franklin Tr & S BkGreenebaum Sons'Bank & Trust Co
Guarantee Tr & SayHarris Tr & Say BkHome Bk & Tr Co.Illinois Tr & Say BkKenw'd Tr&Sav BkKimbell Tr & S B_Lake Shore Tr & SBLakeview T & S BkLiberty Tr & S Bk_Lincoln Tr & Say BMarket Tr & Say....Mercantile Tr & SayMerchants L&TrCoMid-City Tr & S BkNorthern Tr Co BkNorthwn Tr & S BkPeople's Tr&SayBkPullman Tr&SayBkSheridan Tr Say BkSou West Tr & Say_Stand'd Tr&Say BkStockmen'sTr&SBkUnion Trust Co W Side Tr & Say BkWoodlawnTr &S BkElgin-
Elgin Nat Bank......First National BankHome Nat Bank......Union Nat Bank......Elgin City B'k'g CoHome Tr dr Say BkPeoria-
Central Nat Bank..Commercial Nat BkDime Say & Tr Co..First National BankHome Say dr State..State Tr & Say Bk_Merchants & Ill NBFirst Tr & Say Bk_Quincy-
Illinois State Bank..Quincy Nat Bank.. _Riker Nat Bank......Mercantile Tr & S BState Say L & TrCo
• Sale price a Mar 10 1922. b Capital to be increased. p Capital paid in authorized amount is larger s Ex-dividend y Last sale. 4 Au' .00 1919. s Sept. 6 1921. n Apr. 16 1920, 5 Dec. 311921, t June 30 1921. • April 28 1921. t Includes trust deposite. IlBranch of Savannah.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] BANKS AND TRUST COMPANIES 57
ILLINOIS-(Concluded)
Cayital.Surplus0 Profits.
GrossDeposits. Par. Bid.
Rockford- $ $ $ Per
Commercial Nat Bk 200,000 n53,471 n172,774 100
Forest City Nat Bk 300,000 .272,004.2,143,433 100
Kanuns Nat Bank 400,000 8485,477 83,088,920 100
Peoples Bk dr Tr Co 250,000 225,814 n2,282,712 100
Rockford Nat Bank 750,000 n774,887 n7,203,311 100
Security Nat Bank_ 200,000 n59,397 467,899 100
Swedish-Am NatBk 125,000 n184,270 n2,059,490 100
ThirdNationalBank 500,000 n365,292 n3,363,775 100
Springfield-Per
first National Bank 500,000 .136,403 84,665, 22 100
Minot° Nat Bank_- 800,000 108,307 3,358,745 100
EtIdgely-Farm's 8 B 600,000 221.201 5,832,597 100
Ip'gfield Marine BkMat RtatA Tr.k Rav
500,000/1903100
470,874197.619
4,778,7685.056.131
100 100 -
Ask.
share.
share.
INDIANA-Nat. banks May 5, State institutions latest returns.
Evansville-'Minns' Nat BankNational City BankeffercantileCom'iBkNorth Side Bank__Old State Nat BankVest Side Bank___Am Tr & Say Bank3Itizens Tr & S Bk.Port Wayne-
:first Nat Bk Lincoln Nat Bank_Old National Bank_Oltizens' Trust Co_People'sTr &Say CoTri-State L & Tr CoIndiana!) oils-
Commercial Nat BkContinental Nat BkFletcher-Am NatBkIndiana Nat Bank_Live Stock Each BkMerchants' Nat 13kMeyer-Kiser Bank_National City BankPeople's State BankAetna Tr & Say Co._Bankers Trust Co_ -Farmers Trust Co_Fidelity Trust Co- _Fletcher Say & Tr_Indiana Trust Co State Say dr Tr Co_Security Trust Co. UnionTrust Co__..Wash Bank & Tr CoWild & Co State BkTerre Haute-
flat National BankacKeen Nat BankTerre Haute Nat BkTerre Haute Trust_United States Tr Co
IOWA-Nat. banks May 5: State institutions latest returns.
Burlington-Amer S Bk & Tr CoBurlington Say Bk_First National BankIowa State Say Bk_Merchants' Nat BkCedar Rapids-
Ued Rapids Nat BkCod Rapids Say BkIowa State Sav Bk_Merchants' Nat BkPeople's Say Bank_Security Say Bank_Amer Tr & Say Bk_Council Bluffs-
Oily National BankCommercial Nat 13kOmen Bluff Say Bk_Vint National BankState Savings BankDave n p ort-.
Amer Corn Say Bk_Davenport Say Bk_First National BankHome Say Bank_ _ _Iowa National BankSecurity Say Bank_Scott Co Say Bank_Union Savings Bk_Citizens' Tr dr S Bk
Des Moines-Bankers Trust Co__Cap City State Bk_Central State BankCommercial Say BkDes Moines Nat BkDes Moines BB TDes Moines Tr Co_Some Savings BunkIowa Tr & Say Bk_Iowa National BankMechanics' Say BkPeople's Say Bank_University State Bk',alley Nat Bank__Valley Say Bank....Iowa Loan dc Tr Co
Dubuque-Dubuque Nat BankDubuque Say BankPint National BankPioneer Tr&Say BkUnion Tr & Say Bictows Tr 416 Say Bk_Second Nat Bank__
Sioux City- $ $ $ No veinal pries •Continental Nat Bk 250,000 .58,013.1,149,831 100 First National Bank 600,000 n156,412 n8,984,677 100 Iowa State Say Bk_ 200,000 31,597 1,545,251 100 _. -Live Stock Nat Bk_ 200,000 n123.240 n2,590,206 100 Toy Nat Bank 200,000 n131,793 n2,924,209 100 Sioux Nat Bk 250,000 8263,837 82,785,706 100 Security Nat Bank_ 250,000 425,422 3,649,792 100 Woodbury Co S Bk 50,000 205,401 2.903,223 100 -.-Farmers' L & Tr Co 250,000 72,907 2,079,745 100 First Trust dr S Bk_ 100,000 44,989 824.725
KANSAS-Nat. banks May 5; State institutions latest returns.
Kansas City-Commercial Nat Bk 800,000 670.307 0,569,741 100
Topeka-Bank of Topeka 310,000 315,471 5,568,770 10 Central Nat Bank. 500,000 143,321 4,233.772 100 Farmers' Nat Bank 100,000 33,346 1.059,091 100Merchants' Nat Bk 200,000 204.077 3,957,072 100 Shawnee State Bk_ 60,000 55,000 1,250.000 100 State Sayings Bank 100,000 63,500 2,250,000 100 Central Trust Co__Prudential Trust Co
400,000100,000
173,694192,094
1,338,127601,735 -165
Wichita-Amer State Bank 150,000 182.900 5.830,733 100 First National Bank 1,000,000 1,009,124 12,503,119 100 First Trust Co 100,000 151,372 709,195 100 Fourth Nat Bank_ 1,000,000 256,844 9,681,244 100 Merch Res State Bk 100,000 71,297 896,715 100 Ranch'ns State Bk& Trust Co 600,000 80,000 900,000 100
Southwest State Bk 200,000 70,000 1,400,000 100 Union Nat Bank_ _ 200,000 n35,000 n1,100,000 100 Union Stk Yds Nat 100,000 £33,419 £502,721 100
KENTUCKY-Nat. banks May 5; State institutions latest returns.
Covington- Per share.
Citizens' Nat Bank 200,000 020.0001 11,701,966 100 150 170
First National Bank 600,000 £197,390 £3,955,740 100 120 130
Liberty Nat Bank_ 350,000 8144,700 13,261,948 100 117 120
Covington S B & Tr 100,000 74,449 1,332,923 100 141
People's S Bk & Tr 100.000 86,637 1,120,659 100 115
Union S D & Tr Co 250,000 374,947 970,741 100 190 220
U S Trust Co 150,000 197.729 2,176,201 100 150 180
• Sale price a Includes one-half share of Kent Title S. B. & Tr. coin. stock. a Ex-dividend. n Dec. A1 1921. r Nov. 1 1918. 'includes
debentures. v March 10 1922 y Last sale. I Nov. 15 1920, J Common. p Preferred. b New stock. e Unified includes Citz-Union Fid.
Uol. Tr. •April 28 1921 Clime 30 1921.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
58 BANKS AND TRUST COMPANIES [VoL. 114.MARYLAND-Nat. banks May 5; Stags institutions latest recurne
Capital.
$
Surplusdr Profits.-2
GrossDeposits. Pur. .
--Bid.--
Per
:Ask.--0,,,,
-------Baltimore-
-- -$Bait Comm'l Bank.. 750,000 299,692 6,331.311 100 ____ k 121Calvert Bank 100,000 151,391 6,271,909 50 k 125Citizens' Nat Bank 2,000,000 6,248,700 17,579,890 10 1 43CommonwIth Bank 200,000 162,044 4,863,936 30 1 90Droy & Mechanics'
National Bank__ 600,000 797,344 11,322,703 100 ____ 1 249Farm de Mer N Bk_ 650,000 1383,344 14,229,031 40 ____ 1 48Mercantile Bank_ 100,000 203,042 3,206,502 23 Merchants Nat Bk. 4,000,000 .2,311,477.36155742 10 k 20Nat Bank of Baltim 1,500,000 .1,126,272 e14195773 100 1 175at Cent Bk of Ball 400,000 437,917 2,927,775 100 1135Nat Exchange Bank 1,300,000 1.442,917 11,181,972 100 1140Nat Marine Bank__ 400,000 .296.474 v2,919.197 30 1 40Nat Un Bk of Md__ 1,000,000 886,210 9,812,811 100 1140Did Town Nat Bk_ 350,000 v268,244 v2,601.862 10 k 13Park Bank 300,000 140,144 2,458,047 10 Second Nat Bank__ 500,000 1,515,559 2,893,245 100 k 290Western Nat Bank.. 500,000 .627,297 4,108,213 20 1 20Atlantic Trust Co__ 500,000 610,229 2,633,990Baltimore Trust Co 1,000,000 2,227,322 12,889,723 50 k 152%;Colonial Trust Co.. 300,000 92,209 1,449,700 21 1 33 yjCommerce Tr Co.... 7130,000 246,002 1,184,917 100 Continental Tr Co. 1,350,000 1,622.589 8,425.279 100 1 163Fidelity Trust Co__ 1,000,000 1,905,981 14,473,772 100 1 299Maryland Trust Co 1,000,000 498,311 0,231,794 100 k 115Mere Trust & Dep_ 1,500,000 3,522.747 16,086,376 50 Equitable Trust Co 1,250,000 954,174 14,392,026 25 1 3031Safe Dep dc Tr Co__ 1,200,000 3,126,977 14.493,604 100 k 510lecurityStoegeecTr 200,000 179,312 921,091 100 k 17031Title Guar St Tr Co 200,000 435,402 5,679,019 100 k 205Union Trust Co-_ 550,000 650,796 10,272,791 50 k 9131
Frederick- Per shareCitizens' Nat Bank 100,000 v532,077 v5,366,485 100 500Commq State Bank 160,000 77,500 2,705,779 100 Farm & Mech N Bk 125,000 v166,507 v2,501,905 25 58 --- -.Fred'k Co Nat Bk_ 150,000 .46,527 81.394,196 15 18Irfk Town Say Inst k150,000 172,078 2,482,130 100 190 _---.Central Trust On.. 230,000 361,179 4,709,044 50 100
MASSACHUSEITTS-Nal.bks.(e2c.Bosion)May 5; State inst latest return.Boston- !Deposits of Nat. banks date A pr.2O 1922 Per shareBack Bay Nationall 200,000 17,294 n1,3-16,563 100 130Boylston Nat Bank 700,000 604,474 11.820,324 100 130 140Citizens' Nat Bank 750,000 421,571 n4,161,599 100 100 110Commercial Nat Bk 250,000 373,021 2,575,000 100 160 First National Bank 15,000,000 22,164,343 155861000 100 304 308Fourth-AtlanticNatBank 2,000,000 3.559,841 24,534,000 100 260 270Mattapan Nat Bk_ 200,000 n1.619,669 100 105Merchants' Nat Bk 3,000,000 5,579,400 53.030,000 100 270 275Nat RockBk of Rox 300,000 322,414 n7,069,436 100 285 310Nat Security Bank_ 250,000 v1,112,877 2,745 000 100 450Nat Shawmut Bank 10,000,000 11,694,100 126855000 100 232 235Nat Union Bank.. _ _ 1,000,000 1,635,217 11,467,000 100 182 190Oceanic Nat Bank.. 2,000,000 v92,597 v955,800 100 People's Nat, Roxb 300,000 400,347 n8,802,650 100 173 185Second Nat Bank__ 2,000,000 4,231,110 29,722,000 100 300 310Web Sz Atlas N Bk_ 1,000,000 1,561,144 9,922,000 100 190 195American Trust Co 1,500,000 2,707,279 23,583,702 100 310 320Beacon Trust Co.._ 600,000 1,650,477 19,308,770 100 255 265Boston S Dep & Ti 1,000,000 3,638,270 15,631,190 100 4:35 Charlestown Ti Co 200,000 54,407 739,744 100 90 100Columbia Trust Co 100,000 83,497 802,778 100 105 175Comm'w'th Tr Co.. 1,500,000 1.318,247 28,173,444 100 180 185Exchange Trust Co 1,000,000 1.265,219 15,336,788 100 190 200Federal Trust Co.__ 1,000,000 399,471 12,003,798 100 95 100Hub Trust Co 500,000 72,837 2,158.065 100 100 115International Tr Co 2,000,000 2,906,141 32,132,994 100 295 305Jamaica Plain Tr.._
Liberty Trust Co.._200,000750,000
55,091821,633
1,972,27310,633,421
100100
125180 j,000.--
Market Trust Co 400,000 196,349 3.376,733 100 135 Massachusla Tr Co 1,000,000 809,007 14,500,223 100 150Metropolitan Tr Co 600,000 557,342 5,944,265 100 New Eng Trust Co._ 1,000,000 2,852,417 22,582,002 100 400Old Colony Tr Co.._ 7,000,000 10.578,739 114097798 100 245 255Roxbury Trust____ 200,000 41,197 672,987 100 South Boston Tr Co 200,000 82,632 2,908,293 100 State St Trust Co__ 2,000,000 3,252,769 33,378,373 100 U S Trust Co 1,000,000 1.202,772 15,733,734 100 300Winthrop Trust Co 100,000 51,844 1.177,272 100 Beverly- Per share.Beverly Nat Bank_ 800,000 v261,679 v2,106,175 100 Beverly Trust Co-- 100,000 49,500 910,000 100
Brockton- Per share.Brockton Nat Bank 500,000 515,121 6,007,332 100 Home Nat Bank.... 500,000 469,230 7,396,993 100 Plym'th Co Ti Co_ 200,000 120,944 4,828,483 100
B. Cambridge- Per share.Lechmere Nat Bank 100,000 o145,937 01,298.341 100
Fall River- Per share.Fall Riv Nat Bank.. 400,000 539,640 4,954,199 100 145 First National Bank 400,000 519,370 2.567,447 100 210M assasol t-PocassetNational Bank__ 650,000 699,877 5,730,216 100 150 Metacomet Nat Bk 750,000 469,720 3,951,962 100 120Durfee Trust Co..... 400,000 727,103 3,450,082 100 210 Fitchburg- Per share.Fitchb'g Bk&Tr Co 500,000 492,597 4,409,371 100 150 100Safety Fund N Bk_ noq,000 047,209 3,988,019 100 325 350
MASSACHUSHTTS--(Conciuded)
Capital.Surplus d;Profits.
GrossDeposits. Par. Bid. Ask.
4211 oucester-Cape Ann Nat Bk_ 150,000 174,960 2,149 615 103Cape Ann Say Bank 303,079 4,017.707Gloucester Nat Bk.. 100,000 141,779 1,438,306 100Glouces S D Tr Co-
Haverhill-
200,000 318,747 2,934,482 100---- •
Per share.Essex Nat Bank.._ _ 100,000 219,707 1,669,946 100First National Bank 200,00)) 316,572 3,510,700 100 HaverhIll Nat Bank 200,000 701,414 3,565,703 100 Merrimack Nat Bk 240,000 380,649 1,486,727 100 Haverhill Trust Co
oiyoke-
200,000 141,479 2,425,129 100
Per share.City National Bank 800,000 317,898 3,365,724 100 122 128Holyoke Nat Bank 200,000 522,907 7,790,976 100 190 Park National Bank 100,000 v134,000 v1,200,000 100 110 Hadley Falls Tr Co
Lawrence-
500,000 369,477 4,771,446 100 175 I.....
Per I share.Bay State Nat Bk 375,000 v180,474 v3,582,440 100 Arlington Trust Co 200,000 98,199 3,715,639 100 Lawrence Trust Co 100,000 92,790 7,717,774 100 Merchants' Tr Co
Lowell-
300,000 321,790 0,295,044 100
Per I share.Appleton Nat Bank 300,000 £336,000 11,700,000 100 119 12301(1 Lowell Nat Bk_ 200,000 (3179,747 v4,101,712 100 110 113Union Nat Bank_ 350,000 707,009 4,231,955 100 235 Wamesit Nat Bank 250,000 v160,327 v677,094 100 107 110Lowell Trust Co_ 240,000 145,000 2,320,000 100 100 Midisex S D & T Co
Lynn-Central Nat Bank..
200,000
200,000
80,509
1525,017
4,066,106
0,420,146
100
100
150 155
I', share.230 Manufac'rs Nat Bk 200,000 154,769 4,949.423 100 150 National City Bank 200,000 1231,579 15 004,770 100 160 State National Bank 200,000 119,837 11,453,773 100
Essex Trust Co.._ _ _ 250,000 350,000 3,000,000 100 190 Lynn S Dep dr T Co 100,000 349,844 3,969,956 100 375 Security Trust Co
New Bedford-
200,000 480,771 7,701,147 100 220
Pe! share.First National Bank 500,000 988,897 9,090,172 100 300Merchants' Nat Bk 1,000,000 1,631,197 6,010,170 100 210 N Bed S D & Ti Co
Springfield-Chapin Nat Bank__ 500,000 501,097 3,684,773 100 145 146Chicopee Nat Bank 500,000 £753,394 17,520,133 100 228 232Springfield Nat Bk_ 500,000 1,060,749 9,174,619 100 260 265Third Nat Bank 1.000,000 v1,425,229 v12063917 100 225 Commercial Tr Co 350,000 172.874 3,287,712 100 120 136Springfield S D & T 500,000 1,420,091 7,546,971 100 260 270Union Trust Co..
Taunton-
500,000 1,626,829 11,160,995 100 325
Po^ share.Bristou County Tr..
Worcester-
300,000 188,019 2,016,274
Per share.Mechanics' Nat Bk 200,000 681,279 10,425.437 100 275Merchants' Nat Bk 1,000,000 1,337,037116,673,187 100 197 200Park Trust Co____ 350,000 130,000 6,507,91 100 175 190Worcester Bk Tr Co 1,500,000 1,707,844 27,015,768 100 203 208
MICHIGAN-Nat. banks May 5; State institutions latest returns.
Bay City- Per sae( I.Bay City Bank 250,000 275,760 4,117,455 100 People's Commer-cial dc Say Bank_
Detroit-
400,000 731,214 7,540,136 100
Per shareAmer State Bank_ 1,000.000 469,629 14,862,890 100 Bank of Detroit.. 1,000,000 527,299 22,363,397 100 •Central Say Bank 1,000,000 410,030 18.052,675 100 Cotninercial St S Bk 1,000,000 200,000 2.270,322 • allCona'wealth FederalSavings Bank.. 750,000 141,000111,046,000 100
Detroit Say Bank.. 1,500,000 2,251,574 21,838,203 100 Dime Sayings Bank 1,500,000 2,757,627 36,166.709 100 First Nat Bank...... 5,000,000 4,716,617 71,318,126 100 FirstState Bank_ 1,000,000 582,240 11,278,713 100 Merchants' Nat Bk 2,000,000 v1,435,422 v16823 717 100 Nat Elk of Comm'co 1,500,000 2,152.769,31,384,559 100 Peninsular State Bk 2,500,000 1,631,409t29,182,378 100 People's State Bank 3,000,000 9,488,955 93,078,732 100 United Savings Bk 500,000 377,577 7,550,571 100 WayneCoHoSayBk 4,000,000 6,585,017 66,231,393 100 Bankers Trust Co.. 500,000 141,427 0314,788 100 Detroit Trust Co- 2,000,000 3,388,144 g6,810,188 100 Security Trust Co_ 500,000 1,316,942 0,294,226 100 Union Trust Co_
Grand Rapids-
1,000,000 1,019,521 Q7,501,305 100
Per ships.Com'cial Say Bank 300,000 60,871 2,888,699 100 145 155Fourth Nat Bank... 300,000 v294,727 v4,029,712 100 195 210OrRap Nat C'y Bk 1,000,000 v305,597 v8,134,094 100 105 120Or Rapids Say Bk_ 400,000 464,340 12.069,632 100 _ 210Kent State Bank__ 500,000 1,007,707 11,524,963 100 250 250Old National Bank.. 800,000 v1,343,709 v10558 928 100 185 195People's Say Bank.. 200,000 110,932 2,190,174 100 100 175Grand Rap Tr Co... 300,000 192,000 p368,882 100 105 175MichiganTrust Co.
Saginaw-
1.000,000 411,617 01,012,808 100
Per eke.Bank of Saginaw__ 1,000,000 570,417 17,324,728 100Commercial Nat Bk 100,000 o123,009 v1,519,330 100 Amer State Bank__ 200,000 176,397 3,514,411 100 People's Say Bank.. 100,000 130,222 2,505,782 100 Second Nat Bank__ 500,000 e 915,179 9,360,894 100
• Sale price. a Capital to be increased. b New stock. k This Is the so-called "weekly deposits." now forming capital on which MY dondeare paid. a Ex-dividend. k Last sale. n May 5 1922. v Dec.31 1921. d June 30 1920. p Includes trust deposits. o Apr. 28 1921. o Includessavings deposits. £ Sept. A 1921. s Juno 30 1921. t Ex-rights. r Nov. 18 1920. e March 10 1922.
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JUNE, 1922.] BANKS AND TRUST COMPANIES 59
illINNBSOTA-Na . banks May 5; State institutions latest returns.
Dultit h-Amer Exch Nat BkCity National BankFirst National BankNorthern Nat BankMinneapolis-
Bankers Nat Bank..First National BankNorth Amer Bank_Hennepin Co Say BkLincoln Nat Bank_Mercantile State BkMarch de Mfg St BkMetrop Nat Bank_Midland Nat BankMinneapolis Nat BkMinneapolis Tr Co..Northwest Nat Bk_St Antley Falls Bk_South Side State BkUnion State Bank_Minn L'n & Tr Co..
St. Paul-American Nat BankCapital Nat Bank_Cent Metrop Bank_First National BankMerchants' Nat BkNat Exchange BankStock Yards Nat IlkCapital Tr & SayBkiMarch Tr & Say Bkl
IAISSOURI-Nal. banks May 5; State institutions latest returns.
Kansas City-Central Ex Nat BkCity Bank of K C....Columbia Nat BankCom'wealth Nat BkContinental Nat BkDrovers' Nat BankFirst National BankGate City Nat Bk_Int-State Nat BankLive Stock State BkMerchants' Bank_ _Metropolitan Bank.Mutual Bank New Eng Nat BankProduce Exch BankTraders' Nat Bank_Stock Yds Nat Bk_Union State Bank_Western Each BankWestport Ave BankCommerce Tr Co-Fidelity N Bk & TrHome Trust Co.._ Liberty Trust Co_ _Mercantile Tr Co.._Peoples Trust Co..-Pioneer Trust Co.. -Fidelity Says Tr Co
St. Joseph-Burnes Nat Bank.. _First National BankAmerican Nat BankSt Jos Stk Yds Bk_Tootle-Lacy N Bk_First Trust Co_ _ _ _Missouri Val Tr Co
St. Louis-Baden Bank Boatmen's Bank_ _ _Bremen Bank Cass Avenue Bank..Chippewa Bank_ _ _First National BankFranklin Bank _ _Grand Ave Bank Internat Bank St LJefferson Bank Jeff-Gravois Bank_Lafayette So Side BkLowell Bank Manchester Bank.. _March Laclede NatNat Bank of CommRepublic Nat Bk _ _Boutien Corn dc SayState National BankUnited States BankAmerican Trust CoB'waY Say Tr Co.. _Chouteau Trust CoCity Trust Co Easton-TaylorTrCoFarm & Mar Tr Co..Laclede Trust Co.._Liberty Cent Tr CoMercantile Tr Co_ _Miss Vail Trust CoMound City Tr CoNor St L Say Tr CoNorthwest'n Tr Co.St L Union Tr Co Sayings Trust Co.._South Side Tr Co_ _Union Station Tr.. _West St L Trust Co
MONTANA-Nat. banks May 5; State institutions latest returns
Capital.Surplus &Profits.
GrossDeposits. Par. Ask
Butte- $ Per ass.First National Bank 300,000 718,894 6,116,787Miners S Bk&Tr Co 200,000 292.797 5,904,673 ------
Silver Bow Nat Bk_Metals Bk & Tr Co
200,000300,000
e58,329238,839
e1,852,9326,476,735 ioo
Helena-American Nat Bank 200,000 v236,876 v3,123,459 100 Nat Bk of Montana 250,000 136,004 2,437,793 100 Montana Tr & S Bk 150,000 123,238 1,317,491 100 Conrad Tr A: S Bk_ 200,000 116,697 1.495,904 100 Union Bk A Tr Co_ 250,000 414.017 2,926,791 100 _
NEBRASKA-Nat. banks May 3; State institutions latest returns.
Lincoln- PerCentral Nat Bank_ I 150,000 157,7171 3,167.2071 100
iskarc
City National Bank ) 500,000 144,840 3,423,332, 100 First National Bank 525,000 573,547 5,896,900, 100 First Savings Bank 105,000 110,879 2,014,743, 100Nat Bk of Comm'ce 250,000 308,389 3,595,732 100Omaha-
Corn Exch Nat 13k 300,000 235,622 3,106,939, WO First National Bank 1,250,000 1.049,931 16,440.709 IGO Live Stock Nat Bk_ 650,000 111,349 5,923.770 100 Merchants' Nat Bk 1,000,000 el.009.134 e12645793 100Nebraska Nat Bank 500,000 205,767 2.775.303 100 Omaha Nat Bank__ 1,000,000 1,200,129 23.066.778 100 Packers Nat Bank 200,000 v218,290 v3,001.7471 100 Stock Yds Nat Bk_ 750,000 1.076,099 7,470.662 100 State Bank 300,000 124,000 4,500.000 100 US National Bank_ 1,100,000 1,202,162 17.434,787 100
NEW 11AMPSHIRE--National banks Mai 5.
Manchester- Per lalarb
Amoskeag Nat Bk_ 200,000 423.702 3,727,222 100
First National Bank 150,000 206.2721 1,437.356 100
Manchester Nat Bk 150,000 344,891 2.511,444 101
Merchants Nat Bk_ 150,000 68.874 1.461.730 100
NEW JERSEY-Nat. banks May 5; State institutions latest returns.
Asbury Park- Per share
Asb Pk & Oc Gr Bk 200,000 620,010 4,136,994_ ------
American Nat Bank 300,000 660,329 10,707,548 100 175
13r'd & Market N B 200,000 334.573 5,568,680 100 220
Mor & Mfr's N B.. 1,350,000 1,760,373 11.776,236 100 230 235
Nat Newark &EssexBanking Co 2,500,000 1,928,877 26.473,722 100 265 275
National State Bk_ 500,000 3800,014 35,468,387 100 280
North Ward Nat B 400,000 744,572 7,549,097 100 300
• sale price. e Capital pa d in; authorized amount is larger g Amount paid in. k New stock. z Ex-dividend. y Capital to be increase.
d June 30 1021. e Mar. 10 1022. n Including Fidelity Say & Tr stock. I Last sale. r April 231921. sSept. 6 1921. t Feb. 211921. a Includes
titan. L & Tr. stock. v Dec_ 311921. b Includes Minneapolis Trust Co. t Includes Mar. Tr. & Say. Bank.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
60 BANKS AND TRUST COMPANIESNEW JIBRSBY-(Concluded)
Capital.Surplus
dk Profits.Gross
Deposits. Par. Bid. Ash.Newark (Con.)- $ $ $ Per chars.Clity Trust Co 200,000 213,027 3,087,929 100 18031inton Trust Co 200,000 286,297 4,788,576 100 185 --Federal Trust Co 1,000,000 1,386,877 1,622,728 100 275 FidelityUnionTr Co 8,250,000 3,060,869 55,069,966 100 285 290fronbound Tr Co.... 200,000 527,967 10,125,446 100 425 Liberty Trust Co.... 100,000 94,107 1,721,396 100 125 gewark Trust Co__ 200,000 20,000 1,945,905 100 110 lpr'grld Ave Tr Co Immo° 241,737 4,268,629 100 175Washington Tr Co- 200,000 196,859 2,663,720 100 175West Side Trust Co 300,000 350,594 7,809,757 100 375 New Brunswick Per share.Rat Bank of N J__ 260,000 818,449 8,918,004 100 325 340People's Nat Bank_ 110,000 283,721 2,824,269 100 300 325New Brunsw Tr Co 200,000 164,422 3,630,981 100 175 200Passaic- Per share.Passaic Nat Bank_ 500,000 a621,027 a4,018,199 100 EIobart Trust Co__ 100,000 207,747 3,364,795 100 Passaic T & SD Co 500,000 565,912 10,176,912 100 People's Bk&Tr Co. 400,000 617,204 6,969,946 100 Paterson- Per share,First National Bank 500,000 784,071 6,398,435 100 Paterson Nat Bank 800.000 (0360,000 a4,300,000 100 lecond Nat Bank.... 280,000 653,40910,540,475 50 Paterson Say Inst__ 1,000,000 1,248,609 21,237,700 100 Ditizens' Trust Co_ 250,000 538,657 7,376,721 100 Franklin Trust Co_ 180,000 184,847 2,306,243 100 Hamilton Trust Co 500,000 514,669 7,664,397 100 II S Trust Co 830,000 575,908 13,137,779 100 Plainfield-My National Bank 150,000 252,640 4,859,023 100 First National Bank 200,000 204,370 5,250,280 100 Plainfield Trust Co 800,000 546,747 8,178,380 100 Plate Trust Co-- 100,000 109,607 2,086,769 100 Trenton-
Broad St Nat Bank 950,000 622,642 6,509,686 100 First National Bank 800,000 818,394 7,652,962 100 Mechanics' Nat Bk 1,000,000 1,544,141 14,680,046 80 rrenton Bank'g Co 500,000 891,112 9,999.727 BO Mercer Trust Co.... 100,000 338,629 5,485,728 100 _-_-.Trenton Trust Co__ 800,000 523,797 6,572,721 100
4XW YORK-Nat.bis.(except N. Y. City) May 5; State inst. Sept. 6.Albany-
first National Bank&Tech & Farmers__Nat ComrBk&TrCoN Y State Nat Bk_&lbany Trust Co.._
Auburn-Cayuga Co Nat BkNat Bk of Auburn..auburn Trust Co-
Binghamton-Citizens Bank City National BankFirst National BankPeople's Trust Co.._Brooklyn-Stage BBank of Coney Isl'dfirst National BankGlobe Exchange BkMechanics' Bank Montauk Bank_ Municipal Bank.._Nassau Nat Bank.._People's Nat Bank_West End Bk Brooklyn Trust Co..Kings Co Trust Co_Manufact'ne Tr CoMidwood Trust CoPeople's Trust Co.. -
B u f fal o-Broadway Nat Bk_Lafayette Nat Bk_Liberty Bank Mann! & Trad NatMarine Trust Co People's Bank.._ _2outh Side Bank_Buffalo Trust Co.._Citizens Tr Co _ _ _ _Fidelity Trust Co- -
Elmira-Merchants' Nat Bklecond Nat Bank Citemung Can T Co
500,000250,001
1,280,00(1,000,001400,00(
200,000200,000150,000
100,000200,000400,000500,000
ank & Tru200,000500,000130,000
1,800,000100,000200,000
1,000,000200,000200,000
1,500,000/100,000
2,500,000800,000
1,500,000
300,000750,000
2,000,0002,000,000
10,000,0001,000,000100,000
1,000,0001,250,0001,000,000
250,000400,000800,000
New York City- Deposits ofare of date May 27 1922.'22 for National and Mar 10if banks and trust compmay be found in cur By.
AL11 Exch Nat Bank 5,000,000artier Union Bank.. 200,000atlantic Nat Bank_ 1,000,000Bank of America -- 5.500,000Bank of Europe-- 450,000Bank of Manhat Co 5,000,000Bk of N Y, N B A.... 2,000,000Bank of U SBk of Wash Heights 200,000Battery Pk Nat Bk, 1,500,000Berardini State Bk_i 150,000Bigelow State Bank' 100,000Bowery Bank 280,000Broadway Cent Bk 200,000Bronx Borough Bk_ 150,000
National Bank__Chelsea Ezell BankChemical Nat BankCoal & Iron Nat BkColonial Bank Columbia Bank.....Commonwealth BkContinental Bank_Corn Exchange 13k_Cosmopolitan BankEast River Nat Bk_Fifth Avenue BankFifth National Bk.First National BankGarfield Nat BankGotham Nat Bank_W R Grace & Co BkGreenwich Bank __ _Hanover Nat BankHarriman Nat Bk_Import & Trad NatIndustrial Bank Irving National BkMeehan dc MetalsNational Bank
Mutual Bank Nat American Bk.... NatButch & Drov_Nat Bk of Com'ce_National City BankNew Netherland BkNorth American BkPacific Bank Nat Park BankPeoples Comm'l BkProgress Nat BankPublic Nat Bank Seaboard Nat BankStandard Bank_ _State Bank__Terminal &cell 13kTwenty-third W BkUnion Exch Nat BkYorkville Bank.....Trust Co. returns doAmerican Trust CoBankers Trust Co...Central Union TrCo
Columbia Trust CoCommercial Tr Co_Empire Trust Co Equitable Trust CoFarmers' L & Tr CoFidelity Inter TrCoFulton Trust Co.... -Guaranty Trust CoHudson Trust Co.. ItalianDiscount &
Trust Co Lawyers' Title dcTrust Co
Metropolitan Tr CoN Y L Ins& Tr CoNew York Trust CoTitle Guar & Tr CoU S Mtge & Tr Co_U S Tr Co of N Y.._
Jamaica, L. I.-First National Bank
Rochester-Central Bank Lincoln-Alliance BkMerchants' Bank Nat Bank of CommTraders' Nat Bank_Genesee Vail Tr CoRoch Tr & S D Co_Security Trust Co_Union Trust Co..
Syracuse-City Bank Trust CoMerchants' Nat BkSalt Springs Nat BkThird Nat Bank _ _ _First Tr dc Dep Co_Syracuse Trust Co_
Troy-Manufac'rs Nat BkNational City BankNat St Bk of Troy..People's Bank Union Nat Bank...... UnitedNat Bank.... TroyTrust Co
• Sale price. b Paid in. k Capital to be increased. 2 Ex-dividend. s Sept. 8 1921. • Dec. 31 1921, 1 Last sale. I Mar 10 1922. h New(Jock. a Apr. 28 1921. v gx-rights. r April 111913. 5 June 23 1920. n May 5 1922. c Includes Foreign Branch Deposits. I Dec. 29 1920.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] BANKS AND TRUST COMPANIES61
NEW YORK-(Concluded)
Utica-first National BankOneida Nat Bank_ _Utica City Nat Bk_Citizens' Trust Co_Oneida Co Trust CoUtica Tr & Dep Co_Watertown-
City National BankJefferson Co NatBkWatertown Nat BkNorth'n N Y Tr Co
Westchester CoWt. Vernon-lst NMt Vernon Tr Co
:few Rochelle-Nat City Bank__North Ave Bank_Huguenot Tr Co_N Rochelle Tr Co
Closining-18t Nat. OssiningNat Bk_
Peekskill-Westches Co Nat
Pleasantville-Mt Pleasant Ilk_
Port Cheater-lst NMutual Trust Co
tge-Rye Nat Bk..Tarrytown Nat Ilk_White Plains--Citizens Bank___Cent Bk West CoCounty Trust Co
Altoona- Per shamAIM National Bank 130,000 448,591 2,798,108 100 Second Nat Bank.... 100,000 8378 ,817 82,897,315 100 Union Bank 148,301 129,931 1,312,775 100 Altoona Trust Co.._ 250,000 441.980 1,849,965 100 Central Trust Co.... 243,000 209,111 1,452,694 100 Mountain C'y T Co 132,982 175,092 1,635,491 30
Brie- Par share.Bank of Erie 125,000 86,827 803,292 100 Sint National Bank 800,000 1,029,194 6,227,439 100 Marine Nat Bank.... 800,000 541,770 4,747,676 100 ?eople's Bank 300,000 263,127 3,738,114 100 Second Nat Bank.... 300,000 1,023,497 8,145,527 100 Cent Tr & Title Co.. 125,000 52,000 1,200,000 100 Ode Trust Co 800,000 575,777 6,262,179 100 Soma Say & Tr Co.. 200,000 535,477 4,702,626 100
Philadelphia- Dsposits of National banks date AP ril 29 1922Per share.American Bk & Tr_ 300,000 185,977 2,193,249 30 158Bank of Nor Amer_ 3,000,000 3,159,220 22,997,000 100 278MBroad St Nat Bank
United Sec L I & T.. 1,000,000 1,091.670 1,962.860 100 I 12714Wayne Juno Tr Co_ 160,000 83.970 1,610,741 100 1 78West End Trust Co 2,000,000 1,995,077 10.668.521 100 1 150West Phila T&T Co 300,000 677,620 6,002,036 30 1 131
Pittsburgh-
Allegheny Val Bank 100.000 127,597 2,026,328 30 All Nations Dep Bk 15,000 88.211 1,906,063 ......Anchor Say Bank__ 100,000 451,791 3.582,468 60 Arsenal Bank 100,000 280,524 1,350,722 60......Bank of Pittsb, N A 2,400,000 4,934,330 41,380,734 110......Bk of Secured Says_ 125,000 185.527 2,094,454 COCitizens Say Bank.. 150,000 738.722 8,572.774City Deposit Bank.. 200,000 1.158,149 11,773,305 30 Columbia Nat Bank 600,000 1.310,786 8,8:32,576 100 Diamond Nat Bank 600,000 1,961,268 15,113,412 100 Dollar Say Bank..... 2,070,722 38,515,001
------Duquesne Nat Bk_ 500,000 744.998 7,321,008 100 Exchange Nat Bk_ 750,000 979,719 6,174,927 50 Farmers Dep Nat.... 7,500,000 2,391,424 36,188 716Farmers Depos Sao 100,000 842,249 9,246,947Fifth Avenue Bank 100,000 155,676 1,741 445 30 First N Bk of Birm 100,000 190,900 1,812,013 100 First National Bank 3.000,000 5,437,773 48,577.976 100 Fourteenth St Bank 200,000 244,502 4,778,258Freehold Bank...... 300,000 1,076,194 1.484,732 100 Homew'd Peop Bk_ 50,000 70.894 2,373,295 50 Iron & Glass Dol Say 172,700 350.970 3,125,471 100 Keystone Nat Bank 500,000 v 942,030 6,620,578 100 Liberty Nat Bank.. 300,000 1 160,000 12,100.000 100 Liberty Say Bank.... 100,000 79,509 2,415,606 100 Manufac'rs Bank 100,000 267,597 1,227,129 50 Marine Nat Bank.. 800,000 t 210,000 12,599,000 100 Mellon Nat Bank.... 7,500,000 8,763,667 90,795,246 100 Metropolitan N Bk 200,000 43.690 1,549,784 100 Monongahela N Bk 1,000,000 2,116,411 9,911,569 100 Nat Bank of Amer_ 200,000 o 471..771 i,432,743 100 Ohio Valley Bank__ 100,000 94.041 1,672,076 100 Pennsylvania N Bk 200,000 218,074 1,168,782 100 Penn Savings Bank 100,000 101,312 1,538,914 50 People's Say&Tr Co 3,000,000 6.618.702 12,902,022 100 Second Nat Bk_ 300,000 n1,332,197 n5.583,183Third Nat Bank...... 300,000 393,094 2,736,514 100Union Nat Bank.. 2,000,000 5,266,775 21,039,803 100 Union Savings Bk. 1,000,000 1,262,407 22.170,996 100 Western Nat Bank.. 1,000.000 779,610 5,410,202 100 Western El & D Bk_ 250,000 425,949 3,034,705 100 Allegheny Trust Co 700,000 679,600 4,467,287 100 Colonial Trust Co. 2,600,000 3.965,229 18,028,360 50 Com'wealth Tr Co.. 1,800,000 1.503.297 9,340,449 100 Continental Tr Co.. 450,000 284.497 1,544,356 100 Dollar Say & Tr Co 1,000,000 1.300,179 8,458.758 100 Farmers Depos Tr..Fidel Title & Tr Co
1,320,0002,000,000
521,0774,089,297
1,828,93714,742.976 -Ho Franklin Say & Tr_ 175,000 155,691 2,182.721 25Hazlew'd S & T Co 165,400 185,737 2,251,494 100 Hill Top S & T Co_ 150,000 120,840 2,475,373 BOManchester Savings
Bank & Trust Co 250,000 164,424 2,451.422 30Merch Say & Tr Co 123,000 47,976 982,284 30Metropolitan Tr Co 123,000 40,541 1,245,251 100 Oakl'd Say & Tr Co 200,000 300,000 4,173.045 100People's Trust Co.._ 230,000 178,794 2,159.670 100 Pittsburgh Tr Co 2,000,000 2,312.344 14.471.760 100Potter Title& Tr Co 300,000 206.507 4,107.597 100Provident Trust Co 180,000 133,247 1,178,067 100Real Est 8 & Tr Co 400,000 86.200 3,323.957 100 Real Estate Tr Co 2,000,000 1,086,003 3,574,634 100South Hills Tr Co.... 125,000 102,310 1,473,767 100 South Side Tr Co_ 800,000 352,789 3,260,569 100 M.Terminal Trust Co 125,000 48,429 463,440Union Trust Co__ 1,500,000 38,676,705 85.340,734 100Washington Tr Co_ 350,000 442.474 6,729,095 100 West End S B dr Tr 125,000 440,849 3,511,998 50 William Penn Tr Co 125,000 71.498 1,026,032 Workingman's SayBank & Trust Co 100,000 1.320,274 0,484,362 30
• Sale price. a Capital paid in; authorized amount is larger. b Capital to be increased. d May 5 1922.1 Last sale. I March 10 1022. s Apr. 28 1921. t June 30 1921. A New stock. n Dec. 311921.Bent. 6 1921. a Ex-divide nd.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
JUNE, 1922.] BANKS AND TRUST COMPANIES 63
PENNSYLVANIA-(Concluded)
Capital.Surplus
c* Profits.Gross
Deposits. Per, Ask.
Reading- Par share.
farmers' Nat Bank 400,020 1,121,542 5,393,111 30 110 115
Keystone Nat Bank 100,000 316,379 1,389,359 100 290 295
National Union Bk 200,000 982,174 2,387,994 23 120 125
W B Dep & Say Bk 150,000 515,039 4,577,534 80 220 225
Wyoming Nat Bank 150,000 752,479 3,882,714 30 300 305Wyoming Val Tr Co 350.000 934,877 5,417.846 50 175 182Williamsport- Par Mars.
first National Bank 300,000 527,022 3,249,387 100 Lycoming Nat Bk 200 000 374,279 1,533.844 100 West Branch N Bk. 500.000 2,015,834 4.717,719 100 Williamsport N Bk. 250.000 345,704 838,106 100 Northern CentralTrCo 500,000 316,630 2,934,231 100
Ilasq Tr dr S Dep Co 430,000 432,944 2.164,194 30 York- Per share
Central Nat Bank_ 200,000 81,397 1 915,910 100 City Bank 250,000 260,000 3,518,960 80 Droy & Mech N Bk 100,000 145,991 11,232,377 100 first National Bank 800,000 225,000 13,750,000 100 Western Nat Hank.. 325,000 170.997 1,908,446 100 York Co Nat Bank _ 800,000 891,207 12,299,440 20 York Nat'l Bank.. 500,000 411,594 2,641,613 15 Guardian Trust Co 800,000 233,577 1,771,105 25 eecur Title dr Tr Co 350,000 116,949 1,196,651 50 York Trust Co__ _ _ 800,000 149,967 2,022,009 60
RHODE ISLAND-Nat. banks May 5; State institutions latest returns.
Newport- Par share.aquidneck Nat Bk 200,000 140,717 2,042,422 60 NatExchange Bank 110,000 87,039, 727,764 60 Newport Nat Bank 120,000 72,0001 462,734 60 Newport Trust Co.Pawtucket-
300,000 241,2001 1,850,859 100 Per share,
Slater Trust Co_ - -Providence-
500,000 1,777,579116,146,189 100 Per share
Blackstone Can Nat 500,000 844,517 2,671,438 25 50Columbus Etch Bk 150,000 60,344 1,620,197 80High Street Bank_ - 120,000 159,444 1,661,247 50 95Mechanics' Nat Bk 500,000 r 324,511 r5,143,064 50Merchants' Nat Bk 1 000,000d1.601,395 8,224,716 50 89Nat Bank of Comm 850,000 1,345,922 4.601,799 50 Nat Exchange Bank 500,000 1,571,947 13,747,492 100 255 Phenix Nat Bank_ _ 480,000 1,046,441 1,789,660 50Providence Nat Bk 300,000 1,289,001 2,566,706 100 230 Westminster Bank. 300,000 170,009 3,037,297 50 56 Industrial Trust Co 3,000,000 6,383,590,74,471,007 100 Rhode I Hos Tr Co 3,000,000 4,860,229 57,613 339 1000 Union Trust Co_ _ _Woonsocket-
SOUTH CAROLINA-Nat. banks May 5; State institutions latest returns.
Charleston--Atlantic Nat Bank_Atlantic Say Bank_Bk of Charl'n,N BACarolina Say Bank_Citizens Bank Commercial Nat BkDime Bk Sc Tr _ _Etch Birg & Tr Co_First National BankMiners & Merch BkPeople's Nat Bank.Security Say Bank_So Car L'n & Tr Co
Greenville-Amer Bk & Tr Co_Bank of CommerceCitizens Trust Co _Farmers & Mer. BkFirst Nat. Bank_ Norwood Nat. ilk._Peoples Nat. Bk....Piedmont Say& Tr.Woodside Nat Bk.Spartanburg-
American Nat Bk _Bank of CommerceBk of Spartanburg _Central Nat Bank _Dollar Say Bank_ _ _First National BankMer & Farm Bank_Southern Trust Co.
TENNESSEE-Nat. banks May 5; State institutions latest returns.
Chattanooga-Amer Tr & Bkg Co_Chattanooga S Bk_First National BankFirst Tr & Say Bk_Hamilton Nat BankHamilton Tr & S B.
Knoxville-American Nat BankCity National BankEast Tenn Nat Bk_Holston Nat Bank_Mech Bk & Tr Co_Third Nat Bank...Union Nat Bank -
Memphis-Bank of Com&T CoCent State Nat Bk_First National BankAmer S B & TrustGuaranty Bk & Tr..Liberty S Bk & Tr_Man Say Bk & Pr..National City BankNo Memphis S Bk_Security 13k:& TrCoState Savings BankUnion & Planters'Bank & Trust Co
Cornm Tr & Say Bk
Nashville-American Nat BankBroadway Nat Bk_Central Bk & Tr CoFarm Sc March Bk_First S Bk & Tr Co_Fourth & First N 13Tennessee Hermit-age Nat Bank_ _ _
American Trust _ _ _Nashville Trust CoState Bank & Tr Co
TEXAS-National banks May 5; State irastlutions latest ref Arne.
Austin- Par share
American Nat Bank 300,000 r 833,140 5,733,799 100Austin Nat Bank__ 300,000 s 755,877 35,370,443 100 ------State National Bk_ 100,000 53,711 1,375,742 130 ------Beaumont- Per Mare.
American Nat Bank 230,000 506,159 3,647,776 100 First National Bank 400,000 398,032 5,445.790 100 Texas Bank Sc TrCo
Dallas-
250,000 183,997 2,136,505 100
Per share
Am Exch Nat Bank 1,500,000 2,240,077 29,361,775 100 350 350
Central State Bank 1,000,000 448,779 3,505,722 100 95 100
City National Bank 1,500,000 2,917,229 18.630,430 100 380 390
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
64 BANKS AND TRUST COMPANIES [VOL. 114.
UTAH-National banks May 5; State institutions latest returns
Capital.SurplusProfits.
GrossDeposits. Par. Bid.
Ogden-Commercial Nat Bk 100,000 156,694 1,446,840 100 First National Bank 150,000 372,177 2,161,965Nat Bank of Comm 250,000 57,174 1,272,043Ogden Say Bank_ __ 150,000 165,000 1,925,401 _Ogden State Bank_ 100,000 263,470 5,028 945Utah Nat Bank_ __ 500,000 135,527 2,436,990 100 Salt Lake City- Per
Continental Nat Bk 250,000 133,337 2,802,206 100 Deseret Nat Bank_ 500,000 c728,409 c4,1323,240 100 Deseret Say Bank_ 500,000 349,371 4,995,911 100 Nat Bk of Republic 800,000 c358,637 c3,622,473 100 National City Bank 250,000 n76,740 n3,189,205 100 National Copper Bk 300,000 v145,971 v4,449,043 100 Utah State Nat Bk_ 1,000,000 634,497 5,448,921 100 Utah Say & Tr Co_ 300,000 68,112 1,257,744 100 Walker Bros, B'kera 650,000 475,017 15,779,758 100 Eon Bay Bk & Tr Co 1,000,000 469,779 9,192,312 100
Ask.
I
share.
SIIRMONT-Nat. banks June 30; Staff institutions latest returns.
Barre-PerthereRntutte IS B & TrCo 15,000 52,024 2,251.778 100 reopie's Nat Bank.. 100,000 855.200 .2,061.794 100 aiarry S Bk&T Co.Burlington-
ifIRGI NIA-National banks May 5; State institutions latest returns.
Lynchburg-First National Bank 675,000 876,795 5,417,416 100 Lynchburg Nat Bk 1,000,000 850,839 3,726,073 100 People's Nat Bank.. 500,000 738,077 2,873,064 100 Aynchburg Tr & BB 300,000 354,277, 2,787,670 100
Norfolk- Per share.Citizens Bank 1,000,000 720,444 5,219,837 100 235 Nat Bk of Comm'ce 1,200,000 1,814,061 14,410,666 100 273 280Trust Co of Norfolk 1,000,000 890,117 5,087,768 100 200 205Norfolk Nat Bank_ 1,000,000 1,279,029 9,298,259 100 215 225Seaboard Nat Bank 500,000 c394,980 c4,993,729 100 203 208Virginia Nat Bank.. 500,000 284,372 3,543,500 100 180 190Petersburg- 1 Per share.Petersburg Say& Tr 1,000,000 212,624 3,434,170 100 Nat Bk of Petersb_ 600,000 373,045 2,936,970 100 Virginia Nat Bank_ 500,000 e253,900 e3,561,7351 100 Richmond- Per share.American Nat Bank 1,000,000 948,677 11,450,782 100 235 240Bank of Corn & Tr.. 500,000 618,679 3,490,986 100 215 222Broad Street Bank.. 200,000 271,814 3,336,199 25 75 1 85Broadway Nat Bk_ 200,000 n60,747 n1,428,698 100 121 !122Central Nat Bk 500,000 314,579 4,430,077 100 170 185Church Hill Bank.._ 180,000 117,240 1,622,006 100 200 First National Bank 3,000,000 c2,042,073 c24541746 100 257 260Mach & March Bk_ 100,000 183,727 1,521,733 100 300 312Merchants Nat Bk_ 400,000 1,842,009 14,697,444 100 800Nat State & CityBk 1.000,000 n1,238,720 n12726432 100 222 230Planters Nat Bank.. 1,000,000 2,161,720 11,201,009 100 400 415Sav Bank of Richm 200,000 351,984 1,881,726 25 92 04Union Bk of Richm 500,000 911.762 1,897,5771 50 155 165West End Bank.. _ _ 100,000 122,703 1.040,991' 23 62 70Old DominionTr Co 1,000,00( 1,247,627 2,304,728 100 225 230Richmond Trust Co 1,000,000 240,974 2,155,252 100 98 100Virginia Trust Co.... 1,000,090 1,009,197 3,987,293 100 310 320
WASHINGTON-Nat. banks May 5; State institutoins latest returns
Seattle- PerBank for Sayings__ 400,000 37,970, 828,463 100 ishore.
Canad'n Bk of Corn 200,000 54,694' 3,526,302 100 Dexter-Horton N B 1,600,000 679,721 20,723,229 100 First National Bank 500,000 520,879 11,263,430 100 Marine Nat Bank__ 200,000 62,661 4,947,472 100 Metropolit'nNatBk 800,000 202,707 4,930,722 100 Nat Bk of Comm'ce 1,000,000 985,087 18,715,914 100 Nat Cy Bk of Seatt 500,000 298,939, 5,313,146 100 People's Say Bank.. 100.000 248,574' 4,051,944 100 Seaboard Nat Bank 200,000 63,899 2,554,466 100 Seattle Nat Bank_ 1,000,000 881,320 22,006,255 100 Am Say Bk & Tr Co 600,000 99,107 2,138,422 100 Union Nat Bank..__
Per charsNat Bk of Tacoma.. 1,00(J,000 478,191 14,732,724 100 Puget&1131tderr 300,000 59,0)4 2,613,271 100
WEST VIRGINIA-Nat. banks May 5; State instiltsi(ons latest returns
Capital.Surplus
di Profits.Gress
Deposits.
Wheeling-Bank of Ohio Valley 175,000 75,507 1,523,928Centre Wheel'g Say 100,000 69,249 1.544,198Citizens'-Peoples'Trust Co 300,000 184.107 2,075,371Half-• Dollar Say Bk 100,000 214.824 2,111,774
Nat Bank of W Va. 500,000 403,171 5,621,901Nat Exchange Bank 500,000 595,717 4,712,419Quarter Says Bank.. 200,000 107,500 1,055,700So Side Bk & Tr Co 100,000 168,440 1,528,005Dollar Say & Tr Co 750,000 1.551,797 9,392,507Security Trust Co.. 300,000 329,817 2,752,776Wheeling Bank deTrust Co 300,000 500.000 4,743,761
1Par.! Ed.
I Per
To,100
100100101)101)100,1001001100
100
Ask
akar,
WISCONSIN-National banks May 5. State institutions latest returns
La Crosse- Per 'shareBataviau Nat Bank 400,000 320,110 3,400,953 100 Exchange State Bk 25,000 41.189 805 660 100 Nat Bk of LaCrosse 500,000 432.419 4,402.726 100 Security Says Bank 80,000 23,819 864,885 100 State Bk of LaCr'se 100,000 84.599 1,852,635 100
Milwaukee- Per shareBadger State Bank 200,000 74,249 3,434,300 100 City Bank 300,000 37.149 1.768.703 1123. 120First Wisconsin NB 6,000,000 4,707,549 73.413.779 100 190 ,198Amer Exch Bank 1,000,000 357.199 9 271.494 100 127 ;131Marine Nat Bank 500,000 1,117,209 9 702.171 100 245 1 Marshall At Ilsley Bk 1,000,000 1.633.202 22,461,999 100 213 , 220Mer & Farm Btate_ 130,000 60,551 2.154.171 100 Mer de Manufac Bk 400.000 165.274 2,278 331 100 127 Milw Comm'i Bank 100,000 24.144 1,195.161 100 120 1125Nat Bk of Comm'ce 1.000,000 386.876 6 413,904 100 122 1125Nat Exchange Bank 500.000 738 417 7.512.725 100 200 210Second Ward Say B 1,000,000 1,578,507 29 978 981 100 West Side Bank.._ _ 400,000 474,267 2 819.126 100North Ave State-- 200,000 52,301 2,410,144 100 142 147First Wise Trust Co 800,000 871.514 1,961,707 100 101 1103
WYOMING-National banks June 30.
Ch.yenne- Per slier,Citizens Nat Bank- 100,000 175,0001 1.600,441 100 -.- --First National Bank 200,000 283,2091 6,243,709 100-Stock Growers N B 100,000 r298,972 r1,206,720Wyom Tr At Say Bk 60,000 48,8971 670,131, 100 - .....
CANADA.Returns are all of date Feb. 28 1922.
NOVA SCOTIA.
Capital Reser..Paid in. 1 Puna. tiel.e.4to. Pa
are
Bid. Ask.
cent.Halifax-Prices are per WW1,
I
mill per O.Per
Bk of Nova Scotia.. g9,700,000 19,000,000 :169467549 lot 257
ONTARIO.
Hamilton- Per cent.Bank of Hamilton- 5,000,000 4,850,000 55,881,419 to, 105
Toronto-Bank of Toronto.... p5.000,000 0,000,00( 68,813,266 tUt 178 Can Bank of Comm 16,000,000 15,000,00( 291141292 10( 183 184Dominion Bank__ 6,000,000 7,000,00( 94.248.494 10( 190Home Bk of Canada 01,959,073 650,00( 17,926,397 10( Imperial Bk of Can 0,000.000 7,590.001 86,617,796 10( 170 172Standard Bank__ 4,000,000 5,000,000 64,699,011 5( 200 201Sterling Bk of Can. 1,232.200 500,000 14,344,283 10(
QUEBEC.
Montreal-Bank of Montreal__Banqued'HochelegaMotown's Bank.._ _ _Provincl Bk of CanRoyal Bk of Canada
• Sale price. a Sept. 8 1920. g This is capital paid in. authorized amount is larger. s Ex-dividend. s April 28 1921 r May 5 1922.tJan. 1 1921. e Sept. 8 1921. n Dec. 31 1921. k Includes one-third of a share in Dexter-Horton Trust & Sayings Bank stock. d March 6 1917.c Mar. 10 1922. h New stock. v June 30 1921.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
