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BANK AND QUOTATIONSECTION

COMMERCIAL & FINANCIAL CHRONICLE.Copyrighted in 1920. according to Act of Congress, by WILLIAM B. ))ANA COMPANY. in office of Librarian of Congress. Washington, D. 0,

VOL. 110. NEW YORK, FEBRUARY 14 1920. NO. 2851

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INDEXTO ADVERTISEMENTS OF BANKS AND TRUST COMPANIES

Atlanta. Ga.— PageAtlanta National Bank 6

Baltimore, Md.—National Bank of Baltimore__ 6Site Deposit & Trust Co 6

Boston, Mass.—lational Union Bank 2

Chicago,Chicago Trust Co 8Continental & Com'l Nat. /3k 8Corn Exchange Nat. Bank 9

Live Stock Exchange Nat. Bk.,- 8National Bank of the Republic 8

Cincinnati, Ohio—Fifth-Third National Bank..___ 2

Cleveland. Ohio—First National Bank 7Union Commerce National 13k • 7

Detroit. Mich.—First & Old National Bank 6

People's State Bank 6

Fort Worth, Texas—Fort Worth National Bank-- 5

Jersey City, N. J.—First National Bank 2

Los Angeles, Cal.—Citizens' National hank 0First National Bank 9

New Orleans, La.— PageWhitney-Central Nat. Bank_.... 5

New York, N. Y.—Chemical National Bank 1Coal & Iron National Bank— 1Farmers' Loan & Trust Co 12Hanover National Bank 1Seaboard National Bank 1

Norfolk, Va.—Norfolk National Bank 7

Paterson, N. J.—First National Bank

Philadelphia. Pa.—Corn Exchange Nat. Bank aFirst National Bank 4Fourth Street National Bank— 8Franklin National Bank 5Girard National Bank 3

Girard Trust Company 4Market Street National Bank 8Philadelphia National Bank-- 4Tradesmen's National Bank-- 4

•Providence. R. I.—Merchants' National Bank 2

St. Louis, Mo.—National Bank of Commerce-- 5

San Francisco, Cal.— •Anglo & London l'aris Nat. Bk.. 9

REVIEW OF JANUARY.

The first month of the new year was marked by anumber of important events. On Jan. 10 represen-tatives of such of the Great Powers as had theprevious June 28 joined in signing the Treaty of Peaceat Versailles, exchanged formal ratifications whichput the treaty into effect. Two days before, onJan. 8, President Wilson in a letter to the JacksonDay dinner held at Washington, made plain his atti-tude with reference to the reservations and interpreta-tions which the Senate proposed attaching to thetreaty as a condition of its ratification. The Presi-dent's stand was one of uncompromising hostility tothe course of the Senate. On Jan. 16 the League ofNations was definitely organized at Paris, the UnitedStates, of course, not participating in the organizationinasmuch as it had not yet ratified the Treaty.Later in the month a formal demand was made bythe Supreme Council upon Holland for delivery of

Kaiser Wilhelm for trial and was refused by the Govern-ment of the little Dutch nation. In France, PremierClemenceau, who had played such an active part inthe peace negotiations, failed to obtain the Presidencyof the French Republic, and thereupon relinquishedoffice, a new cabinet being formed under AlexandreMillerand, Governor pf Alsace. Another event ofthe month was the action of ta Supreme Council indeciding to reopen commercial relations with Russia.In this country the banking situation, continued to

occasion considerable anxiety, leading to further ad-vances in the rediscount rates of the Federal Reservebanks. At the same time, there was renewed col-lapse in foreign exchange rates on the leading countriesof Europe, thereby establishing further new low rec-ords; and as a result of this and the monetary tension,depression once more dominated business on the StockExchange and the security markets.

President Wilson's stand towards the Peace Treatyformed the text of his message to the Jackson Daydinner held at Washington on Jan. 8 by members of

the Democratic Party. The dinner followed themeeting of the Democratic National Committee, atwhich San Francisco was chosen as the meeting placeof the National Convention, and June 28 was deter-mined upon as the date for the convention. Presi-dent Wilson in his message declared that "we cannotrewrite this treaty." "We must," he said, "take itwithout changes which alter its meaning, or leave it,and then after the rest of the world has signed it, wemust face the unthinkable task of making anotherand separate treaty with Germany." The Presidednoted that he had "endeavored to make it plain thatif the Senate wishes to Say what the undoubtedMilwaukee, Wis.—

First Wisconsin National Bank_ 7Worcester. Mass.—Merchants' National Bank...—. 2

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

14 MONTHLY REVIEW [VOL. 110.

meaning Of the League is I shall have no objection.There can," he said, "be no reasonable objection tointerpretations accompanying the act of ratificationitself; but," he continued, "when the treaty is actedupon, I must know whether it means that we haveratified it or rejected it." He observed that "if thereis any doubt as to what the people of the countrythink on this vital matter, the clear and single wayout is to submit it for determination at the nextelection of the voters." The salient part of thePresident's letter, read at the dinner, follows:The United States enjoyed the spiritual leadership of the world until the

Senate of the United States failed to ratify the treaty by which the belliger-ent nations sought to effect the settlements for which they had foughtthroughout the war. It is inconceivable that at this supreme crisis andfinal turning point in the international relations of the whole world, whenthe results of the great war are by no means determined and are still ques-tionable and dependent upon events which no man can foresee or countupon, the United States should withdraw from the concert of progressiveand enlightened nations by which Germany was defeated, and all similarGovernments (if the world be so unhappy as to contain any) warned of theconsequences of any attempt at a like iniquity, and yet that is the effectof the course which the United States has taken with regard to the Treatyof Versailles.Germany is beaten, but we are still at war with her, and the old stage is

reset for a repetition of the old plot. It is now ready for a resumption ofthe old offensive and defensive alliances which made settled peace impossible.It is now open again to every sort of intrigue. The old spies are free toresume their former abominable activities. They are again at liberty tomake it impossible for governments to be sure what mischief is being workedamong their own people, what internal disorders are being fomented.Without the covenant of the League of Nations there may be as many secrettreaties as ever, to destroy the confidence of governments in each other,and their validity cannot be questioned.None of the objects we professed to be fighting for has been secured, or

can be made certain of, without this nation's ratification of the treatyand its entry into the covenant. This nation entered the great war tovindicate its own rights and to protect and preserve free government. Itwent into the war to see it through to the end, and the end has not yet come.It went into the war to make an end of militarism, to furnish guaranteesto weak nations, and to make a just and lasting peace. It entered it withnoble enthusiasm.Five of the leading belligerents have accepted the treaty and formal

ratifications will soon be exhausted. The question is whether this countrywill enter and enter whole-heartedly. If it does not do so, the United Statesand Germany will play a lone hand in the world. The maintenance of thepeace of the world and the effective execution of the treaty depend uponthe whole-hearted participation of the United States. I am not statingit as a matter of power. The point is that the United States is the onlynation which has sufficient moral force with the rest of the world to guar-antee the substitution of discussion for war. If we keep out of this agree-ment, if we do not give our guarantees, then another attempt will be madeto crush the new nations of Europe.I do not believe that this is what the people of this country wish or will

be satisfied with. Personally. I do not accept the action of the Senateof the United States as the decision of the nation.I have asserted from the first that the overwhelming majority of the peo-

ple of this country desire the ratification of the treaty, and my impressionto that effect has recently been confirmed by the unmistakable evidencesof public opinion given during my visit to seventeen of the States.I have endeavored to make it plain that if the Senate wishes to say what

the undoubted meaning of the League is I shall have no objection. Therecan be no reasonable objection to interpretations accompanying the actof ratification itself. But when the treaty is acted upon. I must knowwhether it means that we have ratified or rejected it. We cannot rewritethis treaty. We must take it without changes which alter its meaning,or leave it, and then after the rest of the world has signed it, we must facethe unthinkable task of making another and separate treaty with Germany.But no mere assertions with regard to the wish and opinion of the countryare credited. If there is any doubt as to what the people of the countrythink on this vital matter, the clear and single way out is to submit it fordetermination at the next election to the voters of the 'nation, to give thenext election the form of a great and solemn referendum, a referendumas to the part the United States is to play in completing the settlements ofthe war and in the prevention in the future of such outrages as Germanyattempted to perpetrate.

Following the publication of President Wilson'sletter, Senator Lodge, the Republican leader in theSenate, issued a statement in which, in taking cogni-zance of the President's stand on the Treaty question,he expressed 'the fear that the latter had now madeimpossible the hope "that in the Senate we mighthave come together and ratified the Treaty, protected.by the principles set forth in the fourteen reserva-tions." "The President," Senator Lodge said,"places himself squarely in behalf of internationalismagainst Americanism."

While President Wilson in his Jackson Daymessage declared that we must take the PeaceTreaty without changes, William Jennings Bryanone of the principal speakers at the dinner, assertedthat "we must either secure such compromises asmay be possible or present the issue to the country."The latter course, he added, "would mean a delay ofat least fourteen months and then success, only incase of our securing a two-thirds majority in theSenate." Mr. Bryan preceded these assertions withthe statement that he, like the Democratic Senators,had stood with the President for ratification withoutreservation, but he said "our plan has been rejectedand we must face the situation as it is." We cannotafford, he said, to share with the Republican Partyresponsibility for further delay; the Republicans hewent on to say, have a majority in the Senate, andtherefore can by right dictate the Senate's course. to the delegates . that the organizing of the Leaguebeing in the minority, he continued, "we cannot would not be complete until the Assembly of all thedemand the right to decide the terms upon which States to be represented in it shall have convened.the Senate will consent to ratification." But he referred to the date of Jan. 16 1920, as one

On Jan. 10 the Treaty of Versailles was formallyput into effect and on Jan. 16 the League of Nationswas brought into being. In other words, on Jan. 10representatives of the Powers which had approvedthe treaty of peace signed at Versailles the previousJune 28 deposited their certificates of ratification andsigned the proces-verbal which' put the treaty intoeffect. Peace became effective at 4.16 o'clock.Simplicity, it is said, marked the ceremony, whichtook place at Paris in the Clock Hall of the FrenchMinistry of Foreign Affairs. Before this ceremonythe representatives of England, France, Italy andJapan had met the two German envoys in the officeof the French Foreign Minister, and the Germans hadsigned the prot icol binding their nation to pay forthe sinking of the German naval fleet in Scapa Flowin June 1919 and to carry out the unfulfilled termsof the armistice of Nov. 1918. That done, thePremiers and the Germans were escorted to the ClockRoom, where were gathered the diplomats of nearlyall the nations of the world; for, besides those signing,other invited statesmen attended the ceremony. TheUnited States was not represented. An invitationto attend the affair had been extended to the "repre-sentatives of Powers participating in the Peace Con-ference but not having ratified the treaty." Thiswas done at the proposal of Premier Clemenceau itwas said, its principal purpose being to permitAmerican Ambassador Wallace to be present at theevent. His failure to accept the invitation wasattributed to the fact that he had not received in-structions from Washington to do so. The entireceremony was over at 4.16 o'clock, when M. Clemen-ceau rose and said:The protocol having been signed, as well as the minutes recording the ex-

change of ratifications, I have tho honor to declare that the Treaty ofVersailles is in full effect and that its terms will be executed integrally.

The exchange of ratifications and coming intoeffect of the treaty was considerably delayed beyondthe time originally set by the Peace Conferencebecause of Germany's refusal to accept the terms ofthe protocol of the previous Nov. 1 without modifica-tion. Cablegrams from London made it plain that"ratification of the Treaty of Versailles had failed toelicit any expression of joy from the London papers."General regret was expressed over the failure of theUnited States to ratify and sign the document. The"Telegraph" said that "the failure of America to signand to ratify the treaty stands for the bitter dis-appointment of the hope that glowed with peace forhumanity a year ago." A similar feeling, it wasreported, existed in the French capital. One corre-spondent observed that "it is true the League willbe brought into being, but the absence of the fatherat the birth of the child threatens the life of theinfant." He also added that "it promises to bevery puny in the first days. For the League ofNations was planned as something infinitely biggerthan the Treaty of Versailles, and it appears now assomething much smaller. Instead of the Treaty ofVersailles being one of many world agreements torest under the aegis of the League, the League findsitself a mere tool for the enforcement of the treatywith Germany." The "Journal des Debats" ofParis, in a leading article, advised Europe "to ceasethrowing stones at President Wilson on the one handand at the Republican Senators on the other." Thepaper observed also that "if Europe wants Americanpartnership in the regeneration of world affairs,abusing America is a very poor way to obtain thatpartnership."The League of Nations was organized at Paris on

Jan. 16, as already stated. The governments repre-sented were those of Great Britain, France, Italy,Spain, Belgium, Portugal, Greece, Japan and Brazil.The chairman of this first meeting, the Frenchstatesman Leon Buorgeois, pointed out in his address


FEB 1920.] MONTHLY REVIEW 15

which "will go down in history as the date of a new

world," described the occasion as the first in history

which has witnessed "all free nations leaguing them-

selves together to substitute right for might," and

the meeting at once began official business by the

appointment of a commission to consider certain

boundary questions under the Treaty of Peace. The

United States, not having ratified the Peace Treaty,

was not represented at the meeting, but President

Wilson nevertheless issued the call for the meeting.

That, however, was a result of explicit provisions

in the covenant itself, as adopted at Paris on the

28th of the previous April. "The first meeting of

the Assembly and the first meeting of the Council,"

it was then provided, "shall be summoned by the

President of the United States of America." Mr.

Wilson's summons was formally cabled to the Ameri-

can embassies, for delivery to the nations whose

governments had accepted membership in the League.

Its text declared the call to be made "in behalf of

those nations which have deposited their instruments

of ratification in Paris, as certified in a proces-verbal

drawn up by the French Government, dated Jan.

10 1920.' To each of the assenting governments

the President expressed the hope that it would be

"in a position to send a representative to this first

meeting."The failure of former Premier Clemenceau to

obtain the Presidency of the French Republic was

of course an important event. In a caucus of the

Senate and Chamber of Deputies, he was defeated

by Paul Deschanel by a vote of 408 to 389. In the

vote in the French Congress the next day (Jan. 17)

M. Deschanel received 734 votes out of 889, and was

elected on the first ballot. The term of office is for

seven years, and the new President will assume his

duties on Feb. 18. The Paris dispatches indicated a

difference of opinion as to the significance of Clemen-

ceau's defeat, but it seemed to be pretty generally

claimed that it was the result of personal animosity.

The defeat of Premier Clemenceau resulted in

his resignation and in that of all the members of his

Cabinet as well. This occurred on Sunday, Jan. 18. Referring to the rule of the New York Clearing

President Poincare at once asked Alexandre Mine- House and other Clearing House Associations, gov-

rand, Governor of Alsace, to form a new Cabinet. erning rates of interest, to be paid on deposits, he

The veteran leader, who had just laid down the reins, stated that the Board had no criticism to make of

announced that "he intended to leave soon for Egypt this schedule, .but wished it thoroughly underst

ood

for a sojourn of two months." M. Millerand formed that it could not be hampered in its approval of

his Cabinet promptly. It contained only two mem- discount rates for Federal Reserve banks by any

bers of the Clemenceau Cabinet, namely Paul Jour- arrangement made by banks or any association of

dain, formerly, as now, Minister of Labor, and Yves le banks as to rates of interest which were dependent

Trocquer, who held the position of Under Secretary upon Federal Reserve bank discount rates.

of State for Liquidation of Stocks in the Clemenceau Preceding the holding of the second conference on

Ministry, and who is now Minister of Public Works. Jan. 23 the New York Clearing House Associ

ation

Premier Millerand, in announcing the policy of his on Jan. 16 adopted an amendment to the constitut

ion

Cabinet to the Council of Ministers, declared that whereby the maximum interest rate on balances was

"it is the duty of French citizens to produce more and fixed at 21/1% and that of course settled the matter

consume less, and the duty of the country to assume for all the clearing houses. The New York Clearing

new fiscal burdens to pay the nation's war debt." House issued the following statement relative to

On Jan. 22 further advances in discount rates its action:

were announced by the Federal Reserve Bank of The Clearing House Committee recommended

the adoption of the

amendment in view of the request of the Federal Reserve Board, which had

New York and subsequently adopted by all the other the approval of the delegates from clearing h

ouses all over the country at

Federal Reserve banks. The most important ch the recent conference held with the Federal Res

erve Board at Washingwn,

ange that there should be no increase in the interest rate paid on balances and

that the maximum rate to be paid under Clearing House regulations should

was in commercial paper, the rate for which (except not increase with an increase in the Federal Reserv

e Bank discount rate for

bankers' acceptances), was increased from 43% to ninety-day paper beyond a maximum of 2h %.

6%; for advances not exceeding 15 days, secured by The discussion in Chicago on Jan. 23 resulted in

Liberty Loan bonds and Victory notes and for re- the adoption of a resolution recommending

to banks

discounts not exceeding 90 days, a rate of 51/2% was and trust companies in the Reserve districts that

no

established as compared with the previous 434%, rate in excess of 23% be paid on net avai

lable daily

while for advances not exceeding 15 days, secured by balances. It was stated that the action at the

bankers' acceptances, .and for rediscounts of same Chic ago conference was taken in order

to conform

not exceeding 90 days, the rate was made 5%, against to the approval expressed by the Feder

al Reserve

434% previously. For advances not exceeding 15 days Board through Governor Harding of the a

ction of

secured by U.S. Treasury Certificates of Indebtedness, the New York Clearing House in adopting 2h%

and for rediscounts of customers' notes so secured not as its maximum rate. In making the recommenda-

exceeding 90 days, the rate was left unchanged at tions the conference declared:

434%, thus re-establishing differentials in favor of It is the opinion of this conference that the Fe

deral Reserve Board should

be free to establish its rates of discounts without reference to any Clearing

war obligations. The rate on agricultural paper was mipriltsrmwlatN!aisisexasprto 1,:ieapayment of interest.t the Washington meeting by Governor Hard-

raised from 5 to 6%, and the rate on notes secured by ing, who appealed to the bankers not to "m

ake a scramble for deposits"

by advancing Interest rates on balances, and protested against a tendency

War Finance Corporation bonds from 5% to 770. to turn deposits into investment funds.

At the instance of the Federal Reserve Board, a

conference was held in Washington on Jan. 6, to

consider the interest rates paid by member banks on

out-of-town deposits and their relationship to dis-

count rates of the Federal Reserve banks. At this

conference a /resolution was adopted in which it

was recorded as the opinion of the assembled bankers

"that the payment of high rates of interest on bank

or,commercial balances is unsound and is bad banking

and that every effort should be made to avoid such a

practice." The conference, at which representatives

of clearing houses of various parts of the country

were present, asked in its resolution that a further

meeting be called by the Federal Reserve Board on

or about Jan. 23 "to consider this whole question

of interest on balances in order that some basis may

be agreed upon that will be mutually satisfactory,

conducive to conservative banking and benefit the

entire business and banking community." In accord-

ance with this request the Federal Reserve Board

designated Jan. 23 as the date for the second con-

ference, and the clearing houses in each Federal

Reserve city were asked to send three representatives

from the respective districts. W. P. G. Harding,

Governor of the Federal Reserve Board, who had

issued the call for the conference on Jan. 6, declared

that the Reserve Board was exceedingly anxious that

there should be no scramble for deposits. There

ought, he added, to be moderation in all banking

methods, and he urged that the temporary character

of deposits'

both demand and time deposits be kept

in mind. He indicated that there would be very

heavy demands of various kinds upon the investment

markets oi this country, and stated that "we feel

that it is important in financing our permanent re-

quirements and long time loans to appeal, not to the

commercial banks, but to the investment market."

He also said:Unessential loans should be discouraged. Federal Reserve banks must

be kept in condition to meet industrial and commercial demands and ready

to is t

provideiatuf:r :Olgentlievreg Olf1 cund u

Ienexot;dainsmtori; tibmuetsnaot•vaiwsee icnaleiclioizcamittoragsr

Elgilldings by raising rates, nor must we do anything to discourage pro-

'


16 MONTHLY REVIEW [vol.. no.

The stock market during January tended stronglydownward and prices broke badly on more than oneoccasion, with declines of large proportions in a longline of stocks. Though there were other contribu-tory causes, the paramount influence in the down-ward movement was the tenseness of money. Themarket opened encouragingly enough on Jan. 2,after the New Year's holiday on Jan. 1, and on Fri-day, Jan. 2, and Saturday, Jan. 3, the tone wasbuoyant with sharp and general advances throughoutnearly the whole list. This was in continuation ofthe upturn which had marked the latter part of De-cember. But the improvement was short-lived andsoon pronounced weakness developed. The down-ward movement gradually gained momentum untilat times the market became quite demoralized.Growing stringency in money served to produce a

igeneral atmosphere of gloom. Renewed collapse nforeign exchange accentuated the feeling of depres-sion. Gradually other adverse factors made theirappearance. The copper shares were unfavorablyaffected by an absence of demand for copper andweakness in the price of the metal. There were indi-cations, too, at times of active efforts by operatorsfor a decline to shake out stocks and whenever acampaign of that kind is in progress almost any cir-cumstance is made to do duty in depressing the mar-ket. One such circumstance was availed of onSaturday, Jan. 10, when just before the close of thehalf day's business some cable dispatches reportedthat there had been an outbreak of another revo-lution in Germany. The following Monday morning,when it became apparent that the rumor had beenwithout foundation, only slight recovery ensued andsoon there came another drop in prices of large dimen-sions. Reports from Washington indicated that theFederal Reserve authorities were determined toprevent the use of the facilities of the Federal Reservebanks for any except leg:timate purposes and thesereports were availed of by the bears to keep themarket in a state of anxiety. Furthermore, thebanking situation was far from satisfactory and theNew York Clearing House banks in their return forJan. 10 showed a deficit in the reserve requirements.About the middle of the month the "promotion" oilstocks were under pressure and suffered drasticdeclines. There were reports that salt water hadappeared at some of the wells in the newer districtsof the Southwest. Middle States Oil shares sus-tained an especially severe break and other oil sharessuffered in sympathy. In the general downward.movement certain active specialties like GeneralMotors common and Studebaker common among themotor stocks and Crucible Steel corn. and RepublicIron & Steel corn, among the steel shares and MexicanPetroleum corn, and Pan-American Petroleum &Transport corn, were especially weak features andunder accumulative declines the losses in these stocksfrom the high point at the beginning of the monthranged all the way from 15 to 50 points or more.The announcement that the Federal Reserve Bankof New York had advanced its discount rate on com-mercial paper a full 13% to 6% came on Thursday,Jan. 22, but those who expected a further drasticdrop in share properties were disappointed, thoughthe advance was much greater than had been gen-erally expected. The stock market Friday, Jan. 23,did open fractionally lower, but no substantialfurther decline occurred. The rest of the monththere was more or less recovery from the extreme lowpoints, notwithstanding some new manifestation ofthe monetary tension.Some favoring influences opportunely developed

to help the recovery along. Thus it became knownon Jan. 22 that President Carranza had agreed toallow drilling of oil wells in Mexico pending enact-ment by his Government of a new petroleum law.Under the new Mexican constitution PresidentCarranza had refused to permit the drilling of wellswithout the taking out of permits. This the oil

of the decree would jeopardize their claims regardingownership. The situation reached an acute phasewhen Carranza troops forcibly stopped drilling onthe property of certain companies. The curtailmentof drilling had come to have a serious effect on theoutput of petroleum from Mexico. The action there-fore of the Mexican Government in lifting restrictionson the drilling of oil wells exerted an influence ofconsiderable importance and this was reflected in asharp recovery in the prices of such stocks as MexicanPetroleum and Pan-American Petroleum & Transportwhich, as already noted, had suffered severe declinesearlier in the month along with other oil properties.

Another bullish influence the latter part of themonth Was the favoi able exhibit made by the U. S.Steel Corporation in its statement for the Decemberquarter which was issued after the close of businesson Tuesday, Jan. 27. The statement showed netprofits of $35,791,302 for thc three months, which waslarger by several million dollars than the mostoptimistic estimates which had been current, seeingthat this quarter covered the period when the com-pany had to. contend with the strike inaugurated bythe unions affiliated with the American Federationof Labor. The Steel statement served to impartstrength to the market the next day, .though therewas no great response by Ti. S. Steel stock itself.As a matter of fact, however, the 13. S. Steel shareshad not declined much earlier in the month when therest of the market was weak. The shares of theother steel companies made sharp recovery on thisencouraging statement of the U. S. Steel Corporation,and in addition Crucible Steel was favorably in-fluenced by the announcement of a proposed stockdistribution to represent accumulated surplus.Another development which helped the oil stocks

was an advance in the price of Pennsylvania crudeoil of 25 cents a barrel to $5 25, said to be the highestprice since the Civil War, with bids being made, it wasstated, of $5 50 a barrel. This action came on topof the announcement a few weeks before of increasesin the price of Mid-Continent Oil, also to new highrecords.The paper stocks like International Paper and

American Writing Paper manifested increasing firm-ness, owing to the limited supplies of paper and thesteady advance in prices. The International PaperCo. wa's said to have made contracts with substan-tially all the large consumers of newsprint paper onthe basis of $90 a ton as against $70 a ton in theprevious year.The volume of business on the Stock Exchange was

at no time large during the month and with the ap-parent cessation of bear operations the latter part ofthe month became quite dull. There were six1,000,000-share days in the first half of the month,including Jan. 16. The last half of the month therewas no day when the transactions came anywherenear 1,000,000, and on several days they failed toreach even half a million shares. The railroad stocksshared in the general weakness of the market theearly part of the month, but the latter part of themonth displayed much firmness and often movedcounter to the general market; indeed, it looked attimes as if they were being used to steady the generalmarket and prevent the decline in the indiustrial listfrom reaching the point of demoralization' and panic.The conferees on the part Of the two Houses of Con-gress on the bills for the return of the railroads toprivate control failed to come to an agreement onany of the essential points of difference between thetwo. A rumor that an agreement had actuallybeen reached or was impending was responsible brasudden spurt of activity at fractional advances inprices which came Saturday, Jan. 31.Contrary to the usual course of the money market

in January upon the return flow of money from theinterior sections of the country, there was no easingup of the monetary tension the present year. The'Clearing House banks in their return for January 10companies had declined to do, feeling that acceptance again showed a deficiency in their reserve require-


FEB., 1920.] MONTHLY REVIEW it 7

ments, while the cash reserve to liabilities of theFederal Reserve Bank of New York and also that ofthe twelve Reserve banks combined dropped to lowfigures. The Clearing House banks corrected theirimpairment the next week, but as on previous occa-sions did so at the expense of the central institution.The latter in turn had to have recourse to the re-sources of the other Federal Reserve banks whosecombined position was measurably stronger than itsown, and only in this way alone apparently was ableto prevent its own cash requirements from droppingbelow the statutory limit. In the statement forJan. 16 a new item appeared in the return of theNew York Reserve Bank. The item told that theNew York institution had as umed contingent lia-bility as endorser on bir.s rediscounted with otherFederal Reserve banks to an amount of no less than$79,500,000. This meant tbat the New York insti-tution had transferred to the custody of the otherReserve banks that amount of bIlls which it was unableto take care of itself. On Jan. 24 this contingentliability on bills rediscounted with o.her FederalReserv.! banks was found reduced to $43,700,000,but the Bank's cash reserve to deposit and noteliabilities also declined, falling to 394%. In thereturn for Jan. 31 this ratio of cash increased, slightly(to 40.3%), but the contingent liability as endorseron bills placed with other Reserve banks was in-creased to $50,000,000 and the amount of FederalReserve notes in actual circulation, after havingbeen decreased from $824,944,000 Dec. 26 to $757,-906,000 Jan. 16, again rose, first to $761,643,000Jan. 23 and then to $769,170,000 Jan. 30. In thecase of the 12 Federal Reserve banks combined thepercentage of cash reserve to liabilities, after havingbeen improved between Jan. 2 and Jan. 9 from 43.7%to 45.4% as a result of a reduction in deposit andnote liabilities, thereafter dropped lower and loweragain with each succeeding week and on Jan. 30 wasback to 44.5%. The total of Federal Reserve notesin actual circulation was reduced in a very substantialamount, however, going down from $3,057,646,000Dec. 26 to $2,844,227,000 Jan. 23, then moving upagain, however, to $2,850,944,000 Jan. 30. OnThursday, Jan. 22, the New York Federal ReserveBank raised its discount rates all around as alreadynoted. No change from the old rate of 434% wasmade in the case of advances secured by TreasuryCertificates of Indebtedness, while in the case ofadvances secured by bankers' acceptances the ratewas increased only from 434% to 5%. But for ad-vances with Liberty bonds and Victory notes as col-lateral the rate was raised from 434170 to 54%,while for rediscounts of commercial paper the ratewas moved up from 434% to full 6%.

VOLUME OF BUSINESS ON THE STOCK EXCHANGE.

Month of January— 1920. 1919. 1918. 1917.Stock sales—No. of shares 10,880,160 11,858,465 13,616,357 16,939,440Par value 81.781,060,200 *1,126,755,705 $1,279,740,700 *1,537,971,930

Bond sales (par value)—rut. & misc. bonds $52,930,000 $41,335,000 $33,092,500 $89,757,000

U.S. Govt. bonds_ 292,436,600 167,167,500 51,597,500 20,000

State, municipal andforeign bonds 25,769,000 68,356,000 22,106,500 34,835,000

Total bond sales— 3371,134,000 $276,858,500 $106,796,500 $124,612,000

Call money at the Stock Exchange ruled highpractically ' throughout the whole month. Only onJan. 21 and Jan. 22 did the quotation fail to getabove 6%. On the 2d, the 13th and the 14th thehigh figure was 15%. On the 12th and the 29th, thehigh was 18%, and on the 30th it was 20%. On thelatter day even renewals were at 12%. Thesefigures have reference to loans on exclusively in-dustrial collateral as well as on mixed security, nodistinction having prevailed at any time during themonth between the two. On time, money was inexceedingly light supply and rates were graduallyadvanced until towards the end of the month 8%was bid for loans based 'on ordinary mixed collateralfor all dates of maturity and 84@9% for loans basedon exclusively industrial collateral. Practically nobusiness, however, was done at these figures, tradingbeing confined to a few renewals. Mercantile paper

ruled quiet and featureless throughout the monthwith quotations at 6% for 60 and 90 days endorsedbills receivable and 6 months single names of choicecharacter. Names not so well known required 6@6h7o. Trading was exceedingly light with most ofthe large local and out-of-town institutions tempor-arily out of the market.

RATES FOR MONEY IN NEW YORK, WEEKLY.Week ending—

Call Loans at Stock Exchange— Jan.2. Jan. 9. Jan. 16. Jan. 23. Jan. 30.Range for week (mixed collateral). _6-25 6-10 6-18 6-8 7-20Week's average (mixed collatem1)_ _13 fi 7 6% 9Range for week (all Industrial coll.) .6-25 6-10 6-18 6-8 7-20Week's average (all industrial co1l.).13% 85i 634 9

Time Loans (Mixed Collateral)Sixty days 7 7 7-73 7% 7-8Ninety days 7 7 7-7% 7% 7-8Four months 7 7 7-7% 7% 7-8Five months 7 7 7-7% 734 7-8Six months 7 7 7-734 734 7-8

Time Loans (All Industrial Collateral)Sixty days 735-8 734-8 8-8% 8-834 834-9Ninety days 7%-8 7%-8 8-834 8-8% 834-9Four months 7%-8 7M-8 8-8% 8-8% 8%4Five months 7)4-8 7M-8 8-8% 8-8% 834-9Six months 7h-8 734-8 8-8% 8-836 8%-9

Commercial Paper—Doublenames—Choice 60 to 90 daYs.5M4 6 6 6 6Single names—Prime 4 to 6 months_ -5 %-6 6 8 6 a

—Good 4 to 6 months- -6 6 8 6-63i 6-63i

The foreign exchange market again became utterlydemoralized and new low records were establishedover and over again. In the case of sterling thedecline for the month reached full 30 cents with thequotation for the first business day (Jan. 2) the highfigure and the quotation for Jan. 30 the low figure.Liberal supplies of commercial bills, chiefly againstshipments of foodstuffs and cotton, began to maketheir appearance at the very opening of the monthwith the inevitable result of a drop of between fourto five cents in the value of the pound sterling. Onrenewed offering of cotton and other commercialbills coupled with the receipt of lower quotationsfrom abroad and persistent stringency in our localmoney market further sharp breaks occurred andthis situation continued throughout the month withtrading nervous and excited and the market entirelylacking inherent strength. Such rallies in prices asoccurred from time to time were feverish and fitfuland entirely ephemeral in character. Though therewere suggestions that the delay in ratifying thePeace Treaty was playing some part in the generalunsettlement, the underlying causes of the market'sinstability seemed still to be found in the abnormal ex-cess of our exports over imports. A feature throughoutthe month was the great weakness in London withheavy selling for account of several of the largeLondon banks. This induced substantially lowerquotations at that centre each day and that in turnserved to depress rates in this market. It was alsoclaimed in some quarters that the action of the FederalReserve Board in urging curtailment of borrowingat the Federal Reserve banks had led to the unloadingof a large volume of sterling bills by exporters andothers who felt doubtful of their ability to carrythese bills under such conditions. The net result ofthe continued decline in sterling was that sight billshere on London, which on Jan. 2d had sold at$3 79,by Jan. 30 were down to only $3 49, with the quota-tion Jan. 31 $3 4934@$3 503. Some internationalbankers expressed the view that the immediate causeof the heavy break had been the unloading of securi-ties in enormous volume on the London market byFrench interests eager to obtain sterling credits forthe purpose of making remittance here in paymentof American exports to France.The weakness in French exchange and Continental

exchange was as pronounced as that in sterling.French francs at the close of the month touched levelslower even, it was reported, than those recorded afterthe Franco-Prussian war.

' sterling in Paris established

a new low figure of 47.05 francs against a normalparity of 25.221A francs to the pound, while the quo-tation here on French checks dropped to 13.44 francsto the dollar against 10.75 Jan. 2 and only 5.184francs to the dollar when at par. For Italian lire alsothe very lowest figure of the month was recorded onthe last day, Jan. 31, when 15.72 lire were requiredto make a dollar as against only 13.21 Jan. 2, and.only 5.184 when at par. In a word, conditions


18 MONTHLY REVIEW 110.

with regard to the Continental exchanges closelyparalleled those prevailing in sterling and the monthwas one of sensational and epoch-marking declines.The German reichsmark at one time got down toonly 1.01 as against 2.06 Jan. 2 and against 23.82cents when the mark is at par. Some recoveryensued later with the quotation for checks Jan. 311.18®1.25. The Austrian crown came even nearerapproaching the vanishing point than before, gettingdown on Jan. 26 to only 0.29 cent, though therewas a recovery to [email protected] cent Jan. 31, this ,com-paring with [email protected] Jan. 2 and with 20.26 whenthe crown was quoted at par. Belgian francs droppedeven lower than French francs, on Jan. 28 beingquoted at only 14.02 to the dollar, this, too, notwith-standing the striking success attending the placinghere of the Belgian loan for $25,000,000.Exchange on the neutral centres shared in the

general depression, with the exception of rates onAmsterdam and Switzerland. Scandinavian ex-change was particularly weak, new low records beingestablished in the rates on Copenhagen, Stockholmand Christiania alike, while the Spanish peseta wasalso under pressure and registered a substantialdecline. The Danish crown sold at only 15.85 centsJan. 31 on checks, against 19 cents Jan. 2; the Swedishcrown at 19.35 against 21.35 and the Norwegiancrown at 17.45 cents against 20.30 cents. TheSpanish peseta on checks dropped from 19.30 Jan. 2to 18.05 Jan. .31. Swiss francs at one time actuallywere higher, being quoted Jan. 27 at only 5.42 to thedollar against 5.59 Jan. 2; the quotation Jan. 31 was5.71 francs to the dollar. Guilders on Amsterdamadvanced from 3731 cents Jan. 2 to 39/8 centsJan. 28, with the close Jan. 31 37%®383 cents.

Commercial Bills.

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RATES OF EXCHANGE ON CONTINENTAL CENTRES

'January,

ParisFrancs

SwissFrancs

AmsterdamGuilders

AntwerpFrancs

ItalianLire-

GreekDrachmas

Bankers'Checks Cables

CommercialSight 60 Days

Bankers'Sight Cables





1 2 3 4

HOLIDAY10.80a10.7510.78a10.7310.83a10.7810.91a10.8610.79a10.7710.77a10.7510.81a10.8010.90a10.88

SUNDAY

HOLIDAY

SUNDAY

HOLIDAY5.59 a 6.585.61 a 5585.59

SUNDAY

5.57 a 5.56a 5.56

HOLIDAY37% a 37%

374SUNDAY

37% a 37437%

HOLIDAY10.72a10.6010.70a10.6713.25a13.2113.23a13.19

10.72SUN

10.70DAY

HOLI

13.27a13.2613.25a13.24SUN

DAY

DAY

HOLI6.556.55SUN

DAY6.506.50DAY

5 10.78a10.7710.76a10.7. 10.81a10.8010.89a10.88 5.600 5.585.58 a 5.56 374 37% 10.77a10.7610.75a10.7413.27a13.26 13.25a13.23 6.55 6.506 10.91a10.8010.89a10.7:10.94a10.8311.02a10.91 5.64 a 5.625.62 a 5.60 37% a 374374 a 375 10.86a10.8010.84a10.78 13.32a13.28 13.30a13.26 6.60 6.557 11.08a10.9011.06a10.:: 11.11a10.9311.19a11.01 5.67 a 5.655.65 a 5.63 37% a 37u37% o39%iLhda10.9210.98a10.9013.42a13.32 13.40a13.30 6.50 6.558 11.22a11.1711.20a11.1. 11.25a11.2011.330,1.28 5.67 a 5.665.66 a 5.64 373's a 37%37% a373. 11.15a11.1211.13a11.1013.44a13.4113.42a13.39 6.50 6.559 11.23a11.1411.21a11.1211.26011.1711.34a11.25 5.67 a 5.665.65 a 5.64 37% 37% 11.13a11.0811.11a11.0613.46a13.42 13.44a13.40 6.50 6.5510 11.16a11.1311.14a11.11 11.19a11.1611.27a11.24 5.67 a 5.665.65 a 5.64 37%a37;4373(.a37%11 08a11.0311.06a11.0113.43a13.42 13.41 6.50 6.5511 SUNDAY SUNDAY SUNDAY SUNDAY SUNDAY SUN DAY SUNDAY12 11.20a11.1511.18a11.1311.23a11.1811.31a11.26 5.67 a 5.66 5.64 37% a 37%37% a37 11.08a11.0711.06a11.0513.44a13.42 13.42a13.40 6.50 6.5513 11.22a11.2111.20a11.1! 11.25a11.2211.33a11.32 5.67 a 5.665.65 a 5.64 37% a 374374 a379 .11.16a11.0811.14a11.0613.44a13.4313.42a13.41 6.50 6.5514 11.33a11.2511.31a11.2311.36a11.2811.44a11.35 5.65 a 5.625.63 a 5.60 37% a 37 X6374 a 37Zlijoall.1711.17a11.1513.49a13.4613.47a13.44 6.50 6.5515 11.49a11.3511.47a11.3. 11.52a11.3811.60a11.46 5.62 a 5.535.60 a 5.53 37% 373 11.40a11.27 11.38a11.2613.82a13.56 13.60a13.54 6.50 6.5516 11.62a11.5911.60a11.5711.85a11.6211.73a11.70 5.56 a 5.555.54 a 5.5337%a 37%37X, a 37A 11.57 11.59a11.55 13.71 13.69a13.11 6.50 6.5517 11.60a11.5611.58a11.5411.63a11.5911.71a11.67 5.57 a 5.545,55 05.52 37% 374 11.57a11.5311.55a11.5113.70a13.68 13.68a13.66 6.50 6.5518 SUNDAY SUNDAY SUNDAY SUNDAY SUNDAY SUN DAY SUNDAY19 11.61a11.6011.59a11.5: 11.64a11.6311.72a11.71 5.60 a 5.585.58 a 5.56 373. a 37%374 a37% 11.65a11.5711.63a11.5513.72a13.70 13.70a13.68 6.50 6.5520 11.82a11.7211.79a11.70 11.85a11.7511.93a11.83 5.58 a 5.535.56 a 5.51 37M a 37%37% a37% 11.97a11.7211.85a11.7013.87a13.82 13.85a13.80 6.50 6 50a5521 12.05a11.9712.02a11.9512.08a12.0012.16a12.08 5.59 a 5.575.57 a 5.55 37% a 37%37% a37% 12.10a12.0012.08a11.98 14.12a14.07 14.10a14.05 6.50 6.5522 12.06a11.9012.04a11.8: 12.09a11.9312.17a12.01 5.586 5.575.56 a 5.5537k a 37%37% a37% 12.15a12.0612.13a12.04 14.14a14.02 14.12a14.00 6.60 6.5523 11.96a11.9211.94a11.1 I 11.99a11.9512.07a12.03 5.58 a 5.555.56 a 5.5337%a 37%37;4a 37% 12.12a12.0012.10a11.9814.07a14.02 14.05a14.00 6.50 6.5524 12.08a12.0712.06a12.0512.11a12.1012.19a12.18 5.57 a 5.565.57 a 5.5437j a 37437% a38 12.22a12.1812.20a12.1614.22a14.1614.20a14.13 6.50 6.5525 SUNDAY SUNDAY SUNDAY SUNDAY SUNDAY SUN DAY SUN DAY26 12.52a12.2712.50a12.2512.55a12.3112.63012.38 5.55 a 5.495.53 a 6.47 37% a 38%38 a 38% 12.70a12.50 12.68a12.5014.52a14.42 14.50a14.40 6.50 6.5527 12.92a12.7212.90a12.70 12.95a12.7513.03a12.83 5.47 a 5.425.45a 5.4O374 a 37%38% a39 13.47a13.02 13.45a13.00 15.12a14.8215 10a14.80 6.50 6.5528 13.37a13.1213.35a13.10 13.40a13.1513.48a13.23 5.55 a 5.495.53 a 5.47 395a 39%39% a 39% 14.02a13.82 14.00a13.8015.52a15.3215.50a15.30 6.50 6.5529 13.24a13.0213.22a13.00 13.27a13.0513.35a13.13 5.63 a 5.575.61 05.55 38% a 38%38% a384 13.92a13.5213.95a13.6015.54a15.32 15 52a15.30 7.60 7.6530 13.34a13.2613.32a13.24 13.37a13.2913.44a13.37 5.690 5.675.67 a 5.65 383i a 38%3n% a 38 % 13.67a13.4713.65a13.4515.62a15.59 15 60a15.50 7.60 7.6513.44,113.:1413.41013 3,13.47a13.3713.55a13.45 571 ,-, K 70n 69 n 5.60 37% n10S49774 n30,413.5003 :1713 FO,13.,015 72a15 117 16.70(715 60 7.60 7.65

Jan.

DenmarkKroner

SwedenKroner

NorwayKroner

BerlinReichsmark:

ViennaKronen

RussianRubles

SpanishPesetas






Exch. Bk'rs'Sight Cable.,


HOLI DAY HOLI DAY HOLI DAY HOLI DAY HOLI DAY IIOLI DAY2 -_ 18.92a19.00 19.02a19.15 21.35 21.50 20.30 20.45 2.05a2.06 2.07a2.08 .59 a .62 .61 a .64 10.30 19.363 -- 19.00 19.15 21.40 21.55 20.30 20.45 2.00a2.02 2.02a2.04 .58 a .60 .60 a .62 19.00 19.154. SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY Iv 15 ____ 18.85 19.00 21.4521.60 20.25 20.40 2.00a2.01 2.02a2.03 .50 a .60 .52 a .62 19.05 19.176 ---- 18.50a18.70 18.65a18.85 21.25a21.35 21.40a21.50 20.05a20.15 20.20a20.30 2.01a2.02 2.03a2.04 .50 a .53 .52 a .55 19.05 19.157 -18.05a18.25 18.20a18.3520.95a21.00 21.05a21.10 19.90 20.05 2.00a2.01 2.02a2.03 .50 a .53 .62 a .55 19.00a19.05 19.10a10.158 __ 17.95 18.10 21.00 21.15 19.85 20.00 1.98a2.00 2.00a2.02 .49 a .51 .51 a .53 18.95419.00 19.05a19.109 -__ 17.95 18.10 21.05 21.20 19.70 19.85 1.94a1.98 1.96a2.00 .47 a .50 .49 a .52 19.05a19.09 10.15019.1910 ___ 18.00 18.15 21.05 21.20 19.75 19,90 1.96a1.97 1.9801.99 .49 a .50 .51 a .52 10.05 19.1511 -- SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY NO SUN DAY12 - - 18.00 18.15 21.00 21.15 19.75 19.90 1.94a1.96 1.96a1.98 .48 a .50 .50 a .52 QUOTA- 19.05 10.1513 ____ 18.00 18.15 20.90 21.05 19.60a19.70 19.75a19.85 1.93a1.94 1.91a1.95 .47 a .49 .49 a .51 TIONS 19.00 19.1014 -__ 17.80 17.95 20.85 21.00 . 19.60 19.75 1.82a1.93 1.84a1.91 .40 a .49 .42 a .47 19.00a19.02 19.10a19.1215 -___ 17.70 17.86 20.75 20.90 19.35419.50 19.50a19.65 1.75a1.81 1.77a1.83 .38 a .43 .40 a .45 19.00 19.10 ,16 _- 17.55 17.70 20.55 20.70 19.25 19.35 1.67a1.76 1.69a1.78 .42 a .43 .44 a .45 10.00a19.10 19.10a19.2017 ____ 17.65 17.80 20.50a20.55 20.65a20.70 19.30 19.45 1.7801.80 1.80a1.82 .43 a .44 .45 a .46 19.08 19.1818.-__ SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY 119 -___ 17.50a17.55 17.65a17.70 20.50 20.65 19.30 19.45 1.68a1.74 1.70a1.76 .40 a .41 .42 a..43 18.95419.00 19.05a19.1020 ____ 17.30 17.45 20.45 20.60 19.25a19.30 19.40a19.45 1.E3a1.61 1.65a1.63 .38 a .39 .40 a .41 18.65018.95 18.75a19.0521 _._. 16.85a17.00 17.00a17.15 20.35 20.50 18.75a19.10 18.90a19.25 1.43a1.50 1.4501.62 .31 a .35 .33 a .37 18.80a18.65 18.7522 ____ 16.70a16.85 16.85017.00 20.30 20.45 18.60a18.65 18.75 1.48a1.53 1.50a1.55 .35 a .36 .37 a .38 18.65 18.7523 -__ 16.85 17.00 20.30 20.45 18.45a18.50 18.60a18.65 1.38a1.43 1.40a1.45 .34 a .36 .36 a .38 18.50a18.65 18.65a18.7524 -_-_ 16.75 16.90 20.25 20.40 18.25 18.40 1.2541.31 1.27a1.33 .30 a .33 .32 a .35 18.08 18.7525 --__ SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY SUN DAY26 ____ 16.50a16.70 16.65a16.8520.10a20.26 20.25420.40 18.25 18.40 1.01a1.17 1.02a1.19 .29 a .30 .30 a .32 18.65a18.70 18.76a18.8027 ..- 16.40a16.45 16.55a16.60 19.95a20.05 20.10a20.20 18.10a18.15 18.25a18.30 1.05a1.10 1.07a1.12 .29 a .31 .30 a .32 18.70a18.80 18.80a18.0028 ____ 16.35a16.45 16.50a16.60 19.75a19.85 19.90a20.00 18.00a18.05 18.15418.20 1.0541.27 1.0701.29 .30 a .33 .31 a .34 18.65a18.70 18.75a18.8029...... 16.00a16.15 16.15a16.3019.60a19.65 19.65619.80 17.75617.90 17.90a18.0E 1.25a1.50 1.2701.52 .33 a .35 .34 a .36 18.35018.80 18.45a18.7030 - 15.95 16.10 I19.40a19.50 19.E0a19.60 17.45417.55 17.60a17.70 1.13a1.30 1.15a1.32 .31 a .35 .33 a .37 18.20018.40 18.20a18.5031 ___I 15.85 16.00 19.35 19.50 17.45 17.60 1.18a1.25 1.20a1.27 .34 a .30 .36 a .38 18.05a18.15 18.10a18.25


19

NEW YORK STOCK EXCHANGEMONTHLY AND YEARLY RECORD

The following tables furnish a complete record of the New York Stock Exchange transactions for the past month andthe year 1919. They need no extended introduction, as they are self-explanatory. The tables embrace every security(excepting only State bonds) dealt in on the Exchange. We give bonds first, using the classification adopted in the officiallist. The black-faced letters in the column headed "Interest Period" Indicate in each case the month when the bonds mature,

In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-payingbonds are at a price to which accrued interest must be added. The exceptions to the rule are income bonds and bondson which interest is in default. This method of quoting bonds became effective January 2 1909.

tIr For footnotes to tables see last page of bonds and last page of stocks.

BONDS-PRICES AND SALES FOR JANUARY 1920 AND RANGE FOR THE YEAR 1919.

BONDSN 1( STOCK EXCHANGE

Int.Pet.-iod.

Sales inJanuary1920.

Sales inDecember

PRICES IN JANUARY. RANGE FOR YEAR 1919.

1919. Jan. 2. Jan. 31. Lowest. Highest. Lowest. Highest.

U S Government SecuritiesFirst Liberty Loan34s 1st 15-30 year_1932-'47

Second Liberty Loan45 1st L L conv___1932-'4745 2nd L L 1927-'42

Third Liberty Loan44s 1st L L conv 1932-'47448 2nd L L conv_1927-'4244s 3rd L L 1928

Fourth Liberty Loan44s 1st LL2nd cony 1932-'47448 4th L L 1933-'38

Victory Liberty Loan4%s cony g notes 1922-'233345 cony g notes_ _ _1922-'23

Es cons reg April 1930Is cons coup April 1930ls registered 19254s coupon 1925Pan Canal 10-30-yr 2s_Aug 193

Registered 1936Pan Canal 10-30-yr 28 regis 1938Panama Canal 38 1961

Registered 1961

State and City SecuritiesNew York City-44s 1960474s Corporate stock_ -1964474s Corporate stock...... 196843.s Corporate stock 19674 s Corporate stock....196545-s Corporate stock......19634 Corporate stock___ 19594 Corporate stock-- - 19584 Corporate stock- 19574% Corporate stock.- 1956ew 4 s 1957

4Corporate stock _19573 % Corporate stock 1954

New York State-4s 1961Highway ImptHighway Impt 44s 1965Canal Improvement 48.-1961Canal Improvement 45-1962Canal Improvement 4s-1960Canal Improve't 4%s 1964Canal Improve't 44s_ -1965

Foreign Gov't SecuritiesAnglo-French 5-year 58 Argentine-Internal 58 of 1909Bordeaux(Cityof) 15-yr 68_1934Imperial Chinese Govt-Hukuang Ry sterling 58_1951

Rep of Cuba 58 ext debt_ __190458 ext debt ser A of 1914_19404%s external loan 1949

Dominion of Canada g 5s 1921Do do 1926Do do 1931

2-year gold notes 5%s 192110-year 53s 1829

Imp Japanese Govt-Z4%019252d series 43.8 1925do German stamp

Sterling loan 48 1931Lyons (City of) 15-year 66..1934Marseilles(City of) 15-yr 681934U S of Mexico external gold

loan of 1809 sinking fund 5845 gold debt of 1904_ 1954

Paris (City of) 5-year 6s 1921Prov of Alberta deben 4%s 1924Tokyo City loan of 1912 58_United King of Gt Brit & Irel'd5-year notes 5%8 192120-year gold bond 5%8_193710-year cony 5%s 19293-year cony 5 Yjs.._Nov 1922

Railroad BondsAlabama Mid. See At Coast LAlbany & Susq. See Del&HudAllegh & West. See Buff R Peim Dock & Imp. See Cent of N JAnn Arbor 1st g 45_ _July 1995Atch Top & S F-Gen g 45_1995

Registered 1995Adjustment ig 45..- July 1995

Registered July 1995Stamped 1996

50-year cony gold 48___ _1955Cony 4s issue of 1910-.1960East Okla Div 1st g 48-1928Rocky Mt div 1st 45 A....1965Short Line 1st 48 gold_ 1958JCal-Ariz 1st & ref 4%s 1962S Fe Pres & Phe 1st g 58_1942

.Atlan Knoxv & No. See L & N

J -D

J -DM- N

J -DM- NM- S

J -DA - 0

J - DJ - D- J-J - F- F-F -F -N

M-M- SA -J -JJ -DM-M-NM-NM- NM- NM- NM-NM-NM-M- S M-J -J J -j ---

A -0M- sM- N

J -DM-F - A F - AA - 0A -A -F - wF - AF - AJ -

J - JM- NM- N

Q - JJ -DA - 0F - A M- S

M- NF - AF - AF - A

Q - jA -0A - 0NovNov M- NJ -DJ -DM- S J - J- JM- SM- S

11253000

1,231,0006,176,000

2,193,0003828900045007000

21,00094083000

4286500031195000

10,000

4,0005,000

129,00046,0001,000

25,00067,00039,00029,00018,0008,0002,000

180,00060,00011,000

5,000

9,417,00074,000275,000

58,00029,000

19,000239,00078,000229,00041,000284,000808,000740,000

107,000586,000266,000262,000

25,0009,000

599,000

170,000

2,093,0002,272,0003,382,0002,664,000

6,000851,000

4,00047,000

142,00024,00058,000

13,00022,0003,000

15,816,000

1,601,0008,698,000

3,002,000,74,869„00j72,064,000

108,000157,795,000

53,194,00027,278,000

3,000

5,000

17,0004,000

80,00048,00031,00040,0009,000

• 5,000

13,00074,000

12,849,00029,000144,000

109,00022,00020,0004,000

• 121,00083,000150,000

118,00096,000122,00035,000

207,000209,000

5,000 754,000

208,000

1,847,0004,585,0005,405,0006,629,000

8,000 1,978,000

55,000

281,000163,00070,000

19,00024,0004,000

Bid. Ask.

100.00Sale

93.20Sale91.80Sale

93.40Sale92.40Sale94.98Sale

101.0092.30Sale

98.90Sale99.06Sale

10534 10010534 106%

88% 89% 88%

93 Sale93 96

93 47%98% 100%99 Sale98% 10290% Sale91 Sale89

99 100%99 100% 82

98 107% 1094

99%

107% 108

96% Sale73 Sale92% Sale

a49 Sale91 91%85% 8676 Sale97% &Ile92 Sale92 Sale

a81 Salea78% 78%7634 Sale a695 Sale9234 92%9234 22%

a38 4474434

P24 Sale

00% Sale

9511-16 Sale88 Sale95 Sale96% Sale

51%82% Sale

71% Sale

70% 7166 72589% 89

88 918634 71%74 76%

95

Bid. Ask.

98.24Sale

91.38Sale90.22Sale

91.50Sale90.20Sale93.00Sale

90.78Sale

98.02Sale98.06Sale

105% 106105% 106%

88% 90 88%

934 96%93 96493 97%99 100%99 10099 99%88 9088 90%

• 92%99 99,499 99%

98 107 107%

98 98 98

1094


a47 4891% 92%84% 87 751 76%97 Sale937 9491% 92%

981 Sale 947 Sale

a72 Salea72 Sale

a58 Sale9034 Sale90% Sale

a____ 3535

90% Sale

58% 59

94% Sale87% Sale93% Sale94 Sale

51% 57%876% Sale

70 Sale

69% Sale67% Sale84 873486% 65 Sale

76% 76% 78

95

Sale Prices.

98.04 Jan. 31

91.30 Jan. 2890.20 Jan. 31

91.50 Jan. 3090.20 Jan. 3192.94 Jan. 31

99.00 Jan. 2890.70 Jan. 31

98.00 Jan. 3098.02 Jan. 30

101 Jan. 30

105% Jan. 1710534 Jan. 5

9234 Jan. 2793 Jan. 2693 Jan. 309934 Jan. 1399 Jan. 299 Jan. 2689% Jan. 88834 Jan. 30

8934 Jan. 1289 Jan. 199934 Jan. 2799 Jan. 26

7934 Jan. 30

10734 Jan. 8

10734 Jan. 6

9534 Jan. 31708% Jan. 279034 Jan. 30

47 Jan. 269034 Jan. 21

744 Jan. 13954 Jan. 3092 Jan. 291 Jan. 59734 Jan. 319434 Jan. 317234 Jan. 317134 Jan. 3176 Jan. 858 Jan. 299034 Jan. 3090 Jan. 28

35 Jan. 2332 Jan. 289034 Jan. 31

58 Jan. 29

9434 Jan. 24873-i Jan. 309334 Jan. 319334 Jan. 30

50% Jan. 37654 Jan. 29

79 Jan. 1269 Jan. 23

69 Jan. 316734 Jan. 3184 Jan. 30

65 Jan. 317434 Jan. 2181 Jan. 6

Sale Prices.

100.40 Jan. 3

93.48 Jan. 592.90 Jan. 3

94.00 Jan. 392.86 Jan. 395.00 Jan. 2

101.10 Jan. 993.00 Jan. 2

99.40 Jan. 299.40 Jan. 3101 Jan. 30

10534 Jan. 1710594 Jan. 5

9594 Jan. 16954 Jan. 1493 Jan. 3010034 Jan. 1610054 Jan. 1710034 Jan. 1590% Jan. 291 Jan. 290 Jan. 1489 Jan. 1910034 Jan. 2010034 Jan. 2081 Jan. 20

10734 Jan. 8

108 Jan. 3

96% Jan. 774 Jan. 319234 Jan. 13

50 Jan. 209134 Jan. 29

76 Jan. 29834 Jan. 1996 Jan. 149234 Jan. 249834 Jan. 26 9734 Jan. 19 82 Jan. 382 Jan. 977 Jan. 571 Jan. 69234 Jan. 149334 Jan. 10

43 Jan. 837 Jan. 1693 Jan. 3

61 Jan. 5

97% Jan. 9905/ Jan. 1495% Jan. 89534 Jan. 14

53% Jan. 882% Jan. 279 Jan. 1271% Jan. 3

7134 Jan. 1569% Jan. 589% Jan. 3

6634 Jan. 287634 Jan. 1481 Jan. 6

Sale Prices.

98.20 Feb. 21

92.50 Jan. 1391.00Nov. 28

92.80Dec. 2391.12Dec. 2393.26Dec. 23

95.42Mar. 1291.00Dec. 23

98.80Dec. 3198.80Dec. 319734 Feb. 25

98 Feb. 1110434 Jan. 22103 Oct. 29

984 Mar. 7 9934 Sept. 11

87% Feb. 1 884 Oct. 14

9334 Dec. 23944 Dec. 2396 Apr. 99834 Dec. 23994 Dec. 1598 Dec. 178934 Dec. 238934 Dec. 239034 Mar. 39034 May 139834 Dec. 179834 Dec. 168154 Feb. 11

98 May 1910634 Mar. 17

06% Apr. 1 9834 May 19 9634 Apr. 17

1063% Jan. 9

954 Dec. 2272 Dec. 15923-4 Nov. 22

45q Dec. 1690 Dec. 10

83 Dec. 375 Dec. 169634 Apr. 2892 Dec. 199034 Dec. 31

7634 Dec. 2278 Dec. 2376 Dec. 2384 Nov. 249294 Nov. 289234 Nov. 28

43 Nov. 2240 Dec. 1692 Dec. 16

93 Feb. 1755 Dec. 15

943 Dec. 2686 Dec. 2494 Dec. 3095 Dec. 30

g

50 Dec. 1075 Dec. 376 Sept. 468 Dec. 26

6734 Dec. 226534 Sept. 1788 Dec. 20

88 Sept. 276934 Dec. 117334 Dec. 1981 Dec. 26

95 June 2t

Sale Prices.

101 Oct. 80

96.00 Apr. 995.10May 22

96.60 Jan. 295.36MaY 2796.60Sept. 26

102.06. Oct 495.72 Jan. 7

100.08 June 14100.48June 13997% Aug. 181004 Aug. 211064 May 1010634 Oct. 20984 Mar. 79934 Sept. 11

91 Mar. 2891 Mar. 28

98 June 2898 Jan. 16994 Jan. 210334 June 2710234 May 2710234 May 279334 July 189334 July 1793%.Aug. 89334 July 181027 June 27102 May 2883 June 1398 Aug. 12108 Aug. 20

100 Nov. 699% June 999 Sept. 2810934 Nov. 24

973-4 Jan. 3193 Jan. 119234 Nov. 28

7234 Mar.100 Apr. 22933-4 July 1885 May 28991 July 16985 June 993 June 24

9234 Mar. 4793 Apr. 389 Feb. 278034 May 219234 Dec. 249234 Nov. 24

59% Mar. 861 Mar. 121004 Feb. 2093 Feb. 1783 Jan. 11

904 May 1710134 Jan. 29634 NOT. 109834 No. 10

58 Mar. 2485% Jan. 482 Mar. 11.8034 Jan. 27

7034 Jan. 2877 Jan. $10234 June J9234 Jan. aj76 May81 Jan.85 Jan. 2095 June al


20 BONDS-STOCK EXCHANGE RECORD [Vol,. no

BONDSJ Y STOCK EXCHANGE

Int.Per-iod.


Sales inDecember1919.

PRICES IN JANUARY.

Jan. 2• Jan. 31.1 Lowest. Highest.

ALI Coast L 1st g 4s__July 1952General unified 4%s_ ___1964Ala Mid 1st guar g 5s___1928Brunsw & W 1st gu g 45_1938Charles dr Say las g 7s__1936L & N collat gold 4s_Oct 1952Sav Fla & W 1st g 6s___1934

lit gold 5s 1934Ithin & Danv. Bee South'n Rylutin & N W. Be. So Pacific

M- SJ -DM- NJ -JJ - JM- NA -A -

malt & 0-Pr lien g 830_1925 J - J4.. Registered Q -Gold 45 July 1948 A -0

Registered Q -20-year Convert 4%5_ __1933 M- SRefund & gen 58 ser A__1995 J10-year temp 6s 1929 7 -Ptttsb Junc lot g 6s_ _1922 .7 - JPitts Jct & MD let g 3s'25 M- N 6,000PLE&WVaSys ref g 45-1941 M- N 181,0008 W Div 1st gold 3%5_ _1925 J - J 275,000C 0 Reorg lat con g 4%5 1930 M- S Clay Lor & W con lst g 5s '33 A - 0 10,000Ohio River RR 1st g 6s_ _1936 J -D ,General gold 58 1937 A - 0

Pitts Clev & Tol let g 65_1922 A -0 Stat Isl Ry lst gu g 4%5_1943 J -DTol Cin lst & ref 45 Ser A1959 J - J

:tech Creek. Bee NYC&HRSalley & Carond. See Ill CentAolivia Ry 1st 51 1927 J - JIrani & West. See All Coast L:eft R & P gen g 52 1937 M- S 16,000Consol 43is 1957 M-N 5,000Allegh & West let g gu 45 '98 A - 0 1,000Cl & Mali let gu g 55 1943 J - J Hoch & Pitteb let g 65_1921 F - A 5,000Consol let gold Els____1922 - D 1,000

JurlC R & No. Ses C R I & Pac

PIM Sou con gu A 05 1962 A-C 7,0001Registered 962 A - 0

garb & Shawn. See Ill Centrallarolina Cent. See Saab Air LCaro Clinch & Ohio 1st 5s 1938 J -D larthage dr Ad. SeeNYCdr H1111dR/aF&N.BesBCR&Niintral Branch. Bee Mo Pacific114ntra1 Ohio. See Bait & Ohiorant of Ga-lit g 5s_Nov 1945 F - A Consol gold Si 1945 M- N 42,000

Registered 1945 M- N 10-yr temp secured 6s _ _1929 85,000Chat Div pur money g 4111951 J -D Mac & Nor Div let g 55_1946 J - J Mid Gs & All Div 581_1947 J J Mobile Div let g 5s____1946 J - J

fin RR&B of Ga-Col g 1581937 M-N :antral of N J-Gen g 55-A987 J - J 28,000

Registered July 1987 Q - J 2,000Am Dock&Imp Co gu lis.1921 J J 3,000Leh & H R gen gu g 55_1920 J - J N Y & L Br gen g 4s1941 M- S

:antral Pacific. Bee Bo Pac Co24int Ver 1st gu g 4s_May 1920 Q - F 24,000Dates & 0--Fund & imp 115_1929 J - J 27,000lit cons gold 5s 1939161-N 77,000Registered 1939 M-N

Gezeral gold 43s 1992 hl- S 283,000Registered 1992 M-

10-year convertible 4%5.1930 F - A 510,00080-yr cony 5s secur bonds1946 A -0 598,000Big Bandy 1st 40 1944 J -D Coal Riv Ry lst gu 4s1945 J -D Craig Valley lst g 5s___1940 J - J Potts Creek Br lst 4s.... .i946.7 - J

- a& A Div lst con g 41i...1989 J - J 1,0002d con gold 4s 1989 J - J 10,000

Warm Spr Val let g 5s-1941 S Greenbr Ry let gu g 45_1940 M- N

*hie & Alt RR-Ref g 3s....1949 A -0 78,000Railway 1st lien g 3%5_1950 J - J 235,000

Ode Burl & Q--Denv D 4s 1922 F - A 1,000Illinois Division 3%s___1949 J - J 34,000

Registered 1949 - JIllinois Division 43 1949.7 - J 31,000

Registered 1949 J - J Nebraska Extension 4s__1927 141-N 8,000

Registered 1927 NI-N ts ioLnt bonds. See Grt NorGeneral 45 1958 M- S 84,000

1.31c & E Ill-Ref & impt g 411'55 J - J 17,000Trust Co ctfs of deposit_ 6,000lst cons gold 6s 1934 A - 0General cons let 55 1937 M- N

Registered 1937 M- NB M & Tr Co ctfs depdo do stamped__

Guar Tr Co ctfs of dep__ _ Fur money let coal 5s_ _1942 F - ACh & Ind Coal Ry 1st 55.1936 J - Jkb Gt West-let 50-yr 451959 M- S 158,000Mc Ind & Lou-Ref g 65_1947 J - .1 1,000Refunding gold 5s 1947.7 - J Refunding 4s Series C__1947 J - J Ind dr Loulav 1st gu 45_ _1986 J - J

"Mc Ind & Sou-50-yr 45_1956 J - J bic L B & East-lst 4%8_1969 J -D 2,000kb Mllw & St Paul-Gen g 4s Ser A_ ___May 1989J - .7 104,000Gen g 3%s Ser B_ _May 1989J - J 45,000General 4%5 Ser C_May 19893 - J 157,000Gen & ref ser A 43s Jan 2014 A -0 442,000Gen ref cony ser B fis Jan 2014 F -A 421,000Convertible 4%0 1932 J -D 681,000Permanent 4s 1925 J -D 169,00025-year debenture 45_1934 J J 227,000Ch & L Sup Div g 55_ _ _ _ 1921 J - J 8,000Ch & Mo Riv Div 544_1926 J - J Chic & P W let g Bs__ .1921 J - J 40,000M & Puget S let gen 451949,J - J 10,000

Dubuque Div 1st 81 68_ .1920 J - J Wargo & So assum g 19::4 J - .7Mil dr Nor 15t ext 4%s_ .19341J -D 1,000Cona ext 4 Ws_ _ 19341J -D 1,000

Wth cat Minn Div g 58. 1921IJ - .1 13,000Va1 Div let at Re_ 1020 - .1

/(106,00024,000

8,000

141,000

243,000

355,000

1,229,000542,000

1,225,000

31,000

106,000

10,00072,0003,0003,000

391,00045,000

Bid: Ask:Bid. Ask.79% Sale 763 76%76% 78 7492% 96 9678 78 83

225,000114

72 Sale

352,000 83% Sale

1,682,000 67% Sale

4,539,0002,691,000500,000

60 Sale64% Sale90 Sale

495,000205,000

1,000

75 Sale58 Sale75 Sale87%

1,000 91% 9479 9096

28,000 49% Sale

2,0007,0003,000

5,000

72,000

3,0001

2,0008,000

62,000i

505,0001

1,295,0002,164,000

6,0001

20,0001

132,0001350,000 1

261,0001

70,000;

32,0001

414,00060,000159,000

9,000

92% 9579 83%73%

99% 100%100 100%

87 Sale83%

70 75

96% 9887% Sale

92% 93% 76

' 89% 88 83% 80% 84%99% 100%99% 10198% 98%96% som,

5479 81%93% Sale88% 91%74% Sale

76% Sale80% Sale70 8071 82%78 8164% 8970% 71% 6870% 70

46% Sale31 Sale98% 75 Sale71% 83% 84 8391 92%

70% Sale21% 26%21% 24 101 67

694,000

696860%67

5434 Sale 97180 8566% 71

1,000

426,0004,000

415,000781,000

1,185,0002,600,000224,000121,000

41,000118,0006,000

11,000• 6,000

76%76% 86

68% 70103% 105%90

80% Sale79 64% Sale


70 80%55 Sale70 Sale

91 9491% 93%79 90%96

48% Sale

91 95 81%71% 74

99 101100% 103

85% Sale8334

70 75

Sale Prices. Sale Prices.7634 Jan. 29 80 Jan. 575 Jan. 241 78 Jan. 6

78 Jan. 29 78 Jan. 29

RANGE FOR YEAR 1919.

Lowest. Highest.

Sale Prices. Sale Prices.7534 Dec. 5 8534 Jan. 67634 Dec. 31 88 Jan. 49634 Feb. 18 9834 June 080 Oct. 1 80 Oct. 1

6834 Jan. 26 7234 Jan. 9

8034 Jan. 26

68 Dec. 16105 Aug. 20

8434 Jan. 15

6334 Jan. 26

5994 Jan. 2691 Jan. 308334 Jan. 22

60 Jan. 75434 Jan. 306934 Jan. 31

91 Jan. 7

4734 Jan. 27

91 Jan. 2782 Jan.. 207334 Jan. 15

99% Jan. 9100 Jan. 6

8634 Jan. 31

95 84 88 8534 Jam 22

89% Sale 7688% 92%81 83% 81 84%99% 100 99%98 98%90% 80%

55 8183 85%92 93%91 9275% Sale

8934 Jan. 30

70 Jau. 2

81 Dec. 687 Feb. 215934 Dec. 16

66 Jan. 569 Jan. 592 Jan. 6

5334 Dec. 175534 Dec. 178254 Dec. 19

75 Jan. 261 Jan. 577% Jan. 5

91 Jan. 7

82 Aug. 275194 Dec. 1670 Dec. 128734 Sept. 29534 April 49534 July 2288 Aug. 18

53 Jan. 8

9294 Jan. 128334 Jan. 157334 Jan. 15

48 Dec. 27

7834 Jan. 1710734 Apr. 22

-

89% May 2887 Feb. 2182% Jan. 2

8082% Jan. 49634 July 29

8734 July 2i478 Jan. 3864 Jan. 1489 Mar. 795 July 1096 Jan. 239134 Mar. 21

68 Jan. 7

9234 Dec. 3179 Dec. 2770 Dec. 31

10034 Jan. 16100 Jan. 6

87 Jan. 2

88 Jan. 6

100 Dec. 810034 Aug. 22

4% Dec. 4

15 Aug. 7

97% Aug. 58434 Dec. 12

94 Jan. 3 92 Dec. 374% May 27

9934 Jan. 27 10034 Jan. 99934 Jan. 22 9934 Jan. 2298 Jan. 28 9834 Jan. 9

50 Jan. 1982% Jan. 793 Jan. 23

7434 Jan. 15

9134 Jan. 1681 Dec. 24100 Aug. 27100 Dec. 1598 Nov. 22

70 Jan. 248534 Jan. 2395 Jan. 7

50 Dec. 37834 Dec. 229134 Dec. 10

77 Jan. 2 70 Dec. 13

7374 Sale 7334 Jan. 20 77 Jan. 27834 Sale 7734 Jan. 29 8134 Jan. 570 80 71 82% 78% 64% 68 71 7734 73 Jan. 13 73 Jan. 1366 6834 6434 Jan. 8 65 Jan. 875 70

46% 48*30% Sale98% 71% 76%71% 86%80% 81% 8390% 91

78 79%20% 2120% 24 (39% 67 69 6842 57 67

54 55% 98%81% 85%66% 75 7172 7580% 86

7134 Sale 67 67345834 597/i 60 63347734 Sale 78 Sale56 Sale 5834 5966 Sale 6674 Sale68 Sale 68 Sale703% Sale 70% Sale6034 Sale 5834 Sale 96 96% 97% 100 9997 9734 9634 9734 61 60% 63

46 Jan. 233034 Jan. 2996 Jan. 57134 Jan. 30

81 Jan. 29

90.34 Jan. 19

78 Jan. 282034 Jan. 2321 Jan. 23

70 Dec. 57634 Dec. 1775 Oct. 2082% May 97834 Dec. 1699 June 971 Dec. 670% Oct. 7

49 Jan. 73134 Jan. 1796 Jan. 576 Jan. 2

84 Jan. &

93 Jan. 7

8134 Jan. 1321 Jan. 1722 Jan. 21

4534 Dec. 232934 Dec. 129554 Sept. 24714 Aug. 26

80799090

Aug. 27Sept. 23Nov. 25Oct. 16

76 Aug. 2221 Dec. 20203-4 Dec. 1998 July 2871% Nov. 8

6354 Dec. 2960 Feb. 1775 May 22

99 Feb. 2888% May 208434 July 8(

101 June 3102 June 4

9534 Jan. 14

82 Jan. 34

10034 Mar. 694% Jan. 9

993' June 17753 Mar. 28

9134 Jan. 1090 July 21105 Jan. 3102 Aug. 23100 July 28

65 Jan. 119334 Jan. 1899% Jan. 8

83% Jan. 3

8534 June 39134 May 277834 May 238234 May 97834 Dec. 1669 June 971 Dec. 670% Oct. 7

53 Jan. 1040 Jan. 1499% May 2370% May 14

8534 Jan. 97934 Sept. 239334 Jan. 15

Oct.9074 to

83% Jan. 836 July 2836% May 27104 Feb. 2080 July 17

80 July 2169 Jan. 1478 July 18

54 Jan. 30 5734 Jan. 697 Jan. 16 97 Jan. 16

51 Dec. 189834 Aug. 278534 June 19

82 Jan. 29 82 Jan. 29

67 Jan. 30 72 Jan. 3583.4 Jan. 9 6034 Jan. 3075 Jan. 30 78 Jan. 3056 Jan. 2 61 Jan. 36534 Jan. 2 7034 Jan. 367 Jan. 0 70 Jan. 370 Jan. 27 7234 Jan. 165834 Jan. 30 63 Jan. 796 Jan. 13 9734 Jan. 21

9634 Jan. 27 9834 Jan. 563 Jan. 30 65 Jan. 8

10034 9834 10034 7734 8034 78 8034 78 Jan. 9 78 Jan. 9

95 9% 95% Jan. 7 96% Jan. 17791 89 7434 78 77% Jan. 12 77% Jan.

126 9634 97 100 98 100

96%

6034 Apr. 2170 June 1283% July 3

6354 May 1910334 July 288534 June lto

63 May 1781 May f,86 Oct. ti•

64 Dec. 6 7634 Jan. 2157 Sept. 12 64 July 96754 Dec. 5 845 Jan. 2154 Dec. 19 7454 Jan. 26154 Dec. 18 8174 Jan. 962 Dec. 18 82 Jan. 467 Dec. 21 85 May 2156 Dec. 26 737-4 Jan. 109634 Nov. 25 101 June 1493 Oct. 29 93 Oct. 2996 Oct. 20 9934 July 1860 Dec. 26 74 July 219934 Aug. 4 100 Oct. b9054 Aug. 23 102 Sept. te8834 Mar. 18 89 May 1278 Oct. 17 82 July 29574 Dec. 31 9834 Jan. 1009 Jan. 8 9974 Jun. 90


FEB., 1920.] BONDS-STOCK EXCHANGE RECORD 21

• BONDSN Y STOCK EXCHANGE

Int.Per-iod.



PRICES IV JANUARY. RANGE FOR YEAR 1919.

Jan. 2. Jan. 31. Lowest. Highest. Lowest. Highest.

Chicago & North Western-Extension is 1880-1926

Registered 1886-1926General, gold, 3%s 1987

Regiatered Nov 1987General 4s 1987Stamped 1987

General 5s stamped 1987Sinking fund 6s___1879-1929

Registered 1879-1929Sinking fund 5s 1879-1929

Registered 1879-1929Debenture Se 1921

Registered 1921Sinking fund deb 5s 1933

Registered 1933Des Plnes Val 1st gu 4%81947St P East Or Trk 1st 4%s '47From Elk & Mo V let 68_1933Man GB&NW 1st gu 3%s '41Milw & S I 1st gu 3%s 1941M L S & West 1st g 6s 1921

• Ext & imp s f g 5s 1929Ashland Div 1st g 68_1925Michigan Div 1st g (38_1924

M11 Spar & N W 1st gu 4E41947St L Peo & N W let gu 581948

chic RI & Pacific gen g 4s_1988Registered 1988

Refund gold 4s 1934RI Ark & L 4%s rec_1934Burl C R & No-gold 5s_1934C R I IP & N W gu g 5s1921M & St L lst gu g 7s___ _1927Choc Oki & G COI1HOI 5s1952Keok & Des M let 5e 1923St P & K C Sh L 1st 4%s 1941

Ohio St L & N 0. See Ill CentChic St L & Pitts. See Penn CoChic St P M & 0 cons 6s_ _1030Cons 6s, reduced to 3%s 1930Debenture 5s 1930North Wisconsin let Os.. 1930Superior S L let 5s_June 1930

Chic T II & S'east 1st 5s 1960Chic & W I gen g Os Dec 1932Consol 50-year 4s _ 1952

Choc Oki & G. See CRI&PGin Ham & D 2d g 43-s.... _1937Chi Fin & Ft W let guA4s '23Day & Mich 1st con 41 s 1931

Cin Ind St L & C. See C AcStLCtrs San Ac Cloy. See CCC&StLClearfield & Mahon. See BR&P0 C C & St L gen g 4s 1993

20-year debenture 0,0_1931Gen 5s Series B 1993Cairo Div let gold 4s__ _1939Gin W & M Div 1st g 4s_1991St L Div let coll tr g 4s_1990

Registered 1990Sp As Col Div 1st g 4s_ ..1940W W Val Div 1st g 4s 1940Cln I St L AG C cons 63_ _1920

First gold 43____Aug 1936QRegistered ____Aug 1936

Cm S & Ci cons 1st g 5s.1928C C C & In gon con g 68_1934Ind Bi Sc W 1st prof 4s_ _19400 I & W let prof 5s_Apr 1938Poor & East let cons 4s_1940Income 4s 1990,

Cleve Lor & W. See Bait & 01Cleve & Mahon Vail. See ErtelCleveland & Pitts. See Penn CoCleve Short L-lst gu 4%s 1961Colo & Southern let g 45.._1929

Refunding Ac ext 4%s_ _ _1935F W & D City-let g 68_1921

Colum & Hock V. See frock ValCol Conn Sc Term. See Nor & WConn & Pas Rive 1st g 4s 1943Cuba RR 1st 50-year 5s g_1952

Dnutting & Waco. See Mo K & Ttoelaware Lack & Western-Mor & E let gu 3%8_2000

NYL&W 1st Os 1921Construction 5s 192:1Term & improvel 4e_1923

War RR 1st ref gu g 3 yi _ 2000Delaware & Hudson-

1st lien eq 15-yr g 4%s 1922let refunding 4s 1943Convertible 55 1935Alb & Susq cony 3%s_ 1946Rene Sc Saratoga let 7s.._1921

Del My RR Brig°. See Penn RRDen & R 0-let cons g 4a_1936Consol gold 43e 1936Improvement gold 55.. _ _1928First & refunding Se_ _1955Trust co cortfs of +lop

Rio Or June let gu g 5s..1939the Or Sou let g 4s 1940Guaranteed 1940

Rio Or %Vest let g 45_ 1939M & coil tr g 4e Ser A_1949

Dee M & Ft D. See M St T.Dot & Mack let lion g 4+1_ _1995Gold 4s 1995

Detroit River Tunnel-Dot Term Tunnel let 4%s '61

Dul Miesabe At Nor gen 53_1941Dul & Iron Range let 5E3_1937

Registered 1937Duluth Short Line. See Nor PDul So Shore & Atl g 5s_ _ _1937Cast of Mimi. See S M & M11.4arit Tenn Reor lien. See So ItyEast Tenn Va Sc Ga. See So ItyElgin Job & East 1st g Se._ _1941

consol gold 7e_ 1920N Y & Erie let tort g 4s.._19473d ext gold 4%s 19234th ext gold 5+1 19205th ext gold 4s 1928

F - AF - A M- NQ- F M- NM- N M- NA -A -A -A -A -A -M - NM - N M- S J J A -J -J -M-NF - AM- S J -JM- S -

J - JJ - J A _ 0M- SA - 0A -0 J -D M-N A -0F - A

J -D JM- 8'J - J M- S.J - D Q -M1 J - J

J - J M- N J -

J -DJ -J - DJ - JJ - JM- NM- N M- S- .1

M- N - F

Q -J - JJ -A - 0Q -A -0Aprli

A - 0F - AM- NJ -D

A - 0J - J

J -JF - AM- NF - A

J - .1M- NA- 0A-0M -N

J -J - JJ -11F - A

--D-

j -- J

A -0

J -D J -D

M-NJA -A -

J - J

M- N M- SM-NM- 8A --D

12,000

29,000

49,000

40,000

11,0001,0002,000

3,000

_1,000

1,000

2,000

114,000

1,056,000229,000

1,000

4,0008,000

62,000

161,000

5,000

116,00021,000

8,00012,000'

1,00010,000

3,00024,00088,0008,000

28,0006,000

5,000, 1

1,000129,00035,0006,000

108,000112,000'3,000'

919,000'

7,000

15,00048,000

8,000

3,000

6,0004,0003,000

34,000

162,000

204,00019,0001

159,000'

2,000

7.000

37,000

402,000

1,526,000182,000

21,0008,000

4,000

10,000

3,000371,000

138,00018,000

2,000

17,000

33,00045,000

5,00071,000214,000

2,000

:36,0002,000

9,000

2,000159,000,162,00025,000

253,00019,0008,000, 21,000

16,000 39,00023,000

116,000

13,000

Bid. Ask89% 90

68 Sale

76 Sale78%

97% 97% 101% 102

97 101

97%

90% 91% 81% 80% 80

110

99% 91 98 101% 100 100%

74% 75% 85% 91

75% Sale

67 Sale6214 Sale

9058 93 92%

80 8965 6803% 66

105 106

80 87%

93% 80

99% 10159% 60

86%

81

63% Sale76% 77%

71 773043-i

65% 67 65% 70 71

100 78% 84

88% 95 101% 70 76

52% Sale 19 20

83 8882% 8674'% Sale97 97%

80

70 70%100%

93% 9593%

96% 9781 Sale82 8670 75

101

673!, Sale693 Sale

45 Sale 42% 45

3934

67 Sale50% 52

55 78

79% 80 95

71 83

92 95% 98%

76 88 91% 92% 97

Bid. Ask.87% 9087% 89% 65 65%

61 65 76 Sale

77% 95 96%101% 109

0534 Sale 9434

96% 97%

90,4 913-48731 80% 80

110

63 99% 95% 96%98 101% 98 71% 74% 87 91

72 73

64 Sale61% Sale90 9392%

80 89 63 70%62 65

103 10434

82 1-35--

100% 67

101 102573-4 Sale

72 75

8'73

63% _ _ _74 75

80 84 71% 7734 61%

6662 6570

100 78%

88% 101% 70% 76

5315 18

8534....... -84% 8670% 7197 97%

80

68 70100 95 92% 93%

96% 97%76% Salo82% 8469% 100 104

63% Sale67% 70

68% 7043 45%

15

39%

63 6450

55 78

76 77%95

89% 92

72 83

90 9596%

80 8292

07

Sale Prices.90 Jan. 5

65 Jan. 30

76 Jan. 29

963-4 Jan. 30

9534 Jan. 31943-4 Jan. 2997% Jan. 6

9031 Jan. 19

95% Jan. 9

10031 Jan. 5

87 Jan. 19

713-4 Jan. 27

6434 Jan. 3160 Jan. 31903-4 Jan. 12

68 Jan. 863 Jan. 26

85 Jan. 22

573. Jan. 301

81 Jan. 14

03 Jan. 2975 Jan. 30

60 Jan. 6633-4 Jan. 2764 Jan. 19

5231 Jan. 218 Jan. 3+)

8534 Jan. 22813-4 Jan. 2770 Jan. 3097 Jan. 5

70 Jan. 3100 Jan. 710034

923.1 Jan. 9,

96% Jan. 1517634 Jan. 31833-4 Jan. 29723-4 Jan. 14

03 Jan. 291697% Jars. 27034 Jan. 1943 Jan. 294234 Jan. 21)

75 Jan. 3

6334 Jan. 2751 Jars. 3

76 Jan. 21

90% Jars. 10

95 Jan. 580 Jan. 392 Jan. 22


683-4 Jan. 21

80 Jan. 3,

98 Jan. 8

9634 Jan. 269434 Jan. 29 9731 Jan. 6

903-4 Jan. 221

95% Jan. 9

10034 Jan. 5

87 Jan. 19

76% Jan. 2

67% Jan. 564 Jan. 89034 Jan. 121

68 Jan. 86634 Jan. 10

873-4 Jan. 5

61 Jan. 9

81 Jan. 14

643-4 Jan. 577 Jan. 29

62 Jan. 56534 Jan. 2265 Jan. 15

------

543-4 Jan. 2420 Jan. 3

8834 Jan. 17853-4 Jan. 575 Jan. 598 Jan. 8

707% Jan. 23Jan. 9

94 Jan. 13

9674 Jan. 1581 Jan. 585% Jan. 1017234 Jan. 10'

677% Jan. 3,727% Jan. 1717034 Jan. 1746 Jan. 15,4334 Jan. 19'75 Jan. 3:

1 1

67 .13n.52 Jan. 8

80 Jan. 8

903-4 Jan. 10

98 Jan. 29180 Jan. 3 92 Jan. 22

Sale Prices.88 Dec. 11

92 Oct. 21637% Aug. 26

69 Mar. 2073 Aug. 12

76 Dec. 9953-4 Aug. 29

101% Apr. S

9634 Feb. 17

96% Sept. 5 97 Feb. 20

90 Sept. 2

87 Mar. 22 105 Nov. 5

1003-4 Nov. 696 Nov. 10

100 Sept. 2010174 Aug. 13

733.4 Dec. 1293 Feb. 26

69 Dec. 13 76% May 15

6434 Dec. :360 Dec. 2290 Aug. 25

9734 Feu. 14

89 Oct. 256.5 Jan. 2(33 Dec. 18

104 Sept. 5 8234 Oct. 14

8734 Nov. 20

58 May 8 102% Oct. 28

52 Dec. 1

80 Sept. 25

60 Dec. 1975 Dec. 18

82 Nov. 24 6934 Dec. 11

6634 Oct. 21667% Dec. 26

743-4 Jan. 6

9984 May 18234 Sept. 25

8234 Sept. 24 93 Apr. 23 10234 Oct. 21 7631 Nov. 15

50 Apr. 2412 Jan. 16

83 Aug. 1882 Nov. 2172 Dec. 1997 Dec. 30

83 Sept. 9

70 Aug. 239931 Dec. 26

9434 Nov. 26923.4 Apr. 11

96 Jan. 3078 Dec. 22783-4 Dec. 1770% Dec. 1

1023j Apr. 10

62 Nov. 25365 Dee. 870 Dec. 34334 Dec. 244734 Feb. 10

627% Dec. 1147 Dec. 17

72 Dec. 16

8934 Nov. 17

83 Feb. 13

1103-4 Sept. 22953 Dec. 26

913-4 Aug. 28,9734 Dec. 8

Sale Prices93 Aug. 692 Oct. 2173% Mar. 570% Apr. 98334 Apr. 21783-4 Nov. 25101 Feb. 19106 Oct. 25

9734 Oct 2

98 Fel, 2798 Mar. 2496% Fen 14

87 Mar. 22109 Jon. 21

1+,1 May 2899 Jan. 10104 Apr. 14104 May 57831 Feb 1798 Apr 8

7934 Mar 116% May 1576% Jan 372 Jan 3096 Jan 3073i Feb 14

89 Oct. 2570% May 247i Jan 2

108 June 1485 June 1097 Jan. 2

0734 June 27154%, June 3€1) Jan. 2

80 Sept. 25

721/ Jan. 10843-- July 1487 June 1281 May 2170 June 27634 June 19

74 % JAIL a101 Oct. 2084 Oct. 313234 Sept. 149:•17/ Mar. 4107 Feu 177631 Nov. 15

31 June 10

89 Mar. 178934 Jan. 168134 Oct. 1599% Jan 20

834 Sept. -9

73 Apr. 251007% Apr. 14101 Feb. 1995 June 5

97 May 885% Jan. 99534 Jan . 979% May 291023j Apr. 10

75% May 1976% May 2080 May 210034 July 2951 Jan. 24

7334 June 1160 May 9

at% jula• 9

95 May 26

8134 Ap;. 28

96 May 2810074 Mar. 19

92 Scot. li9734 Dec. 12


22 BONDS-STOCK EXCHANGE RECORD [VOL. 110

BONDSN Y STOCK EXCHANGE

Int.Per-iod.

Erie (Concluded)NYLE&Wgfund 75_1920 M-SErie 1st con g prior 48..1996 J - J

Registered J - Jlet consol gen lien g 45 1996 .1 - J

Registered J - JPenn coil trust g 4s___1951 F - A50-_yr cony g 4s Set A _1953 A -Do do Ser B_ 1953 A -

Gen cony 48 Series D_ 1953 A - 0Chic & Erie 1st gold 55_1982 M-NClev dr Mahon Val g 58_ _1938 J - JErie & Jersey 1st s f 65..1955 J - JGenessee Riv RR 1st f 65 '57 J - JLong Dock cons gold 65_1935 A - 0C di RR Co lat cur gu 65.1922 M- ND & Impt Co 1st extd 55.1943 J - JNY&Greenw L guar g 55.1946 M- NNYSusq&W 1st ref g 55..1937 J - JSecond gold 4345 1937 F - AGeneral gold 58 1940 F - ATerminal 1st gold 55 1943 M-N

Mid of N J 1st ext 5s 1940 A -Wilk dr East 1st gu g 55_1942 J -D

iris dr Pittsburgh. See Penn CoIv & Ind 1st con gu g 6s 1926 J - J& T H-lst cons g 65 1921 J - J

1st general gold 55 1942 A - 0Mt Vernon 1st gold 65_1923 A - 0Bull Co Brch 1st g 5s 1930 A - 0

Vargo AL SOU. See Ch M (lc St Pa-la Cent & P. See Seab Air LFla East Coast 1st 4%5_1959 J -DFort St U D Co 1st g 4%5_1941 J - J111 W & Rio Gr 1st g 4s_ _ _ _1928 J - JGallidE San A. See So Pac Co

a & Ala. See Seab Air LineGalv Hous & Rend 1st 5s.._1933 A - 0Ga Car & Nor. See Seab Air LGeorgia Pacific. See South RyGila V G & N. See Sou Pee CoGouv & Oswegat. See N Y CentOt Nor-C B & Q coll tr 45.1921 J - J

Registered July 1921 Q - Jlet dr refund 43is Ser A_1961 J - J

Registered 1961 J - JSt Paul Minn & Manitoba-Consol mortgage 4s 1933 J - J1st consol gold 6s 1933 J - J

Registered 1933 J - JReduced to gold 4345_1933 J - J

Registered 1933 J - JMont Ext 1st gold 45_1937 J - D

Registered 1937 J -DPee Ext sterling gu 45_1940 J - J

E Ry M No Div 1st g 48_1948 A -0Minneap Union 1st g 68_1922 J - JMont C 1st gu gold 65_1937 J - JRegistered 1937 J - J1st guar gold 5s 1937 J - J

Registered 1937 J - JWill & S F 1st gold 58 1938 J -D

Greenbrier R. See Ches Jr 0Green Bay & West deb ctfs A__ FebDebenture ctfs B Feb

G&ShI 1st ref & ter 55 g Feb '52 J - JRegistered Feb 1952 J - J

H..jock Val 1st con g 43451999 J - JRegistered 1999 J - J

Col & H V 1st ext g 4s 1948 A -Col & Tol 1st ext 4s.__ _1955 F - A

Lautusatonic. SeeNYNFIdt HH & Tex Cent. See So Pac CoRoue Belt & Ter 1st 55_ _1937 J - J

llinois Central-lst g 4s_1951 J - JI Registered 1951 J - Jlit gold 3345 1951 J - J

Registered 1951 J - JExtended 1st g 33.45 1951 A - 0

Registered 1951 A - 0let gold 3s sterling 1951 M- SCollateral trust gold 4s 1952 A - 0

Registered 1951 A - 0lit refunding 45 1955 M- NPurchased lines 3345 1952 J - JColl ti g 45 L N 0 dr T 1953 M- N

Registered 1953 M- N15-year temp 5345 secured '34 J -Cairo Bridge gold 4s 1950 J - DLitchfield Div 1st g 35_1951 J - JLou'v Div & Term g 33451953 J - J

Registered 1953 J - JMiddle Div regis 5s 1921 F - AOmaha Div 1st g 3s_ 1951 F - ASt Lou Div & Term g 35_1951 J - J

Gold 3345 1951 J - JRegistered 1951 J - J

Springf Div 1st g 330_1901 J - JWestern Lines 1st g 45 1951 F - A

Registered 1951 F - ABelle & Carond 1st 68_ _1923 J -DCarb & Shaw 1st 4s g 1923 M- SCh St L& N 0 gold 551951 J -D

Registered 1951 J -DGold 3345 1951 J -D

Registered 1951 J -DJoint 1st ref ser A 551963 J - DMempttir Div 1st g 45_1951 J - DSt L So 1st gu g 45_ _1931 M- S

Ind B1 & W. See Cl C C & St LInd Dec dr . See Cin & Dnd ill & Ia lst gold 4s 1950 J - Jntern dr Gt No-lst g 6s....1919 M- NIowa Central. See Minn & St LJack Lens &Sag. See Mich Cenames F & Clear 1st 45_ _..1959

Vail All & G R. See LS&MSaan & Mich. See Tol & 0 C

FtS&M. See StL&SF'C & M Ry dr I3. See StL&SFu de Pacific. See Mo K & Tan City South 1st g 3s 1950 A - 0Registered 1950 A - 0

' Ref dr Imp 58..._ __ _Apr 1950J - JAmass C Term 1st 45. _ _1960 J - JKentucky Central, See L & NNook AC Des M. SeeCRI&PKnoxville & Ohio. See Sou Ry

J -D

Sales in Sales inJanuary December1920. 1919.

4303,000 488,000

PRICES IN JANUARY. RANGE FOR YEAR 1919.Jan. 2.

Bid. Ask. 1005234 Sale

527,000 710,000 41 Sale

6,000 49,00055,000, 263,00082,000 337,000133,000 755,00030,000 35,000

2,000

11,000

7,000

1,430,000,51,00046,000 13,00011,000

33,000,

35,0001

18,000

1,000

21,000

73,000

4,000

7934 Sale3534 Sale37 Sale37 37%80% 8434

87% 90%92 97

108

6,000

1,000

16,000

2,000

1,000

1,947,000

247,000

17,0001

99,000

120,000/

1,000

1,000379,000

92,000

Jan. 31.

93 10090% 80%, 63 64% 55 50

7255

9634

80 Sale

56%

65

9534 Sale

8334 8779

84%105%

91% Sale

83

8675 80

106%

93% 96

9831

5236 5773,4 834

73

7231 Sale

7069

80

83 85

4,000 73

73

Bid. Ask. 9852 Sale

48,000 41,000 7334 Sale

112,000 327,0006,000

23,000 89,0001

188,000, 214,00010,000 3,000

15,0005,000 3,000

1,000

3,000

9,000

1,000

103,000

216,000125,000

76% Sale6434 673471% Sale

93 Sale7834 60 65

5,000

9534

41 Sale 5579 813534 363433% Sale38A Sale 81

65 646534 67%

72%7334

90 10070 93 9314

4 64

19,00010,000

1,000

152,000

83A 873464% 7274% 78

75A 77%93 95

74 7834

5634 57

341,000299,000

73 Sale75 Sale

9594%

93 100

80% 8554% 60

72

40

Lowest.

Sale Prices.

5134 Jan. 30

39 Jan. 30

7934 Jan. 293334 Jan. 263334 Jan. 2738 Jan. 5'81 Jan. 22

54 55 Jan. 8

95%

74% 76%

5634

80

94% Sale

8234 83%79

853,1, 90105%

90% 91

81%

8675% 8099 103 105%

79 Jan. 2

563-4 Jan. 23

943% Jan. 31943% Jan. 268334 Jan 30

8834 Jan. 1410534 Jan. 28

9034 Jan. 30

83 Jan. 8

10134 Jan. 6

94 96 94 Jan. 22

93% 98%

53 79%7% 8%65 80

68% Sale

70%69%

78

82

70A

71% 72

70 7264% 6667 68

92% Sale

.95A

6065 69 Jan. 7

7% Jan. 7

6834 Jan. 31

Highest. Lowest. Highest.

Sale Prices.

55 Jan. 8

Sale Prices.9834 Aug. 2851 Dec. 29

43 Jan. 3 39 Dec. 29

793% Jan. 2937 Jan. 538 Jan. 3393% Jan. 2883 Jan. 6

77% Feb. 3333% Dec. 3033 Dec. 183531 Dec. 3181 Dec. 31

9434 Oct. 2794 Nov. 25107 July 11

Sale Prices.983-4 Aug. 2870% Jan. 2

57% May 17

-83 July 15-52 May 2752 May 2655 May 1996% Mar. 8

101 Jan. 17101 Jan. d109 Aug. 29

6431 Aug. 21 783-1 Jan. 21

55 Jan. 5

80 Jan. 8

5634 Jan. 23

96 Jan. 695% Jan. 98534 Jan. 3

72 Nov. 24 72 Nov-.2.45434 Dec. 31 72 Jan. 9

95 May 29 - Jan. -a68 Dec. 3 703j Aug. 10 ------

------

76 Nov. 14 80 Jan. 0

56 Dec. 4 603-4 July 21

76 Dec. 9 783-4 Nov.14

033-4 Doc. 5 067,4 July 794 Aug. 26 9534 June 98031 Dec. 20 89 Jan. 2

8834 Jan. 221053-4 Jan. 26

8631 Oct. 31 8834 June 10104 Sept. 9 10834 Apr. 10

92 Jan. 7 9031 Dec. 2:; 963,g May 8

8331 Jan. 19

10634 Jan. 20

83 Dec. 24 883-4 Feb.80 Sept. 4 80 Sept. 477 Oct. 23 81 June 77431 Oct. 3 7431 Oct. 399 Aug. 27 99 Aug. 27103 July 12 10834 Juno 23

94 Jan. 22 9334 Sept. 29 99% Jan. 17

8% Jan. 29

9534 Nov. 6 08 Doe. 20

51 Feb. 18 66 Juno 17634 Apr. 10 157-4 July 1473 Oct. 31 8234 Jan. 3

73 Jan. 5 6834 Dec. 22 83 Jan. 10

763( Apr. 15 7631 Apr. 18

80 Oct. 20 82 Nov. 21

83 Nov. 7 88 Feb. 13

72 Dec. 15 76 May 13

7331 Nov. 10 7334-Nov...10

7034 Jan. 29 7434 Jan. 5 7134 Nov. 14 79 Jan. 77234 Jan. 28 7634 Jan. 2

67 Jan. 29 7234 Jan. 8

9134 Jan. 30 9334 Jan. 3783-4 Jan. 27 80 Jan. 27

606234

6534 67

7472%

100

90

64%

836934 72%7434

75%95

so

56% Sale

70% Sale70% Sale

53 Jan. 22

93 Jan. 0

69 Jan. 7

75 Dec. 16 8431 Jan. 369 Dec. 5 75 May 246731 Dec. 3 7734 Jan. 1566 Aug. 21 7134 Apr. 148934 Dec. 3 97 Juno 267834 Nov. 1 79 Aug. 2860 Dec. 26 61 Aug. 1865 Dec. 8 7334 Oct. 29

53 Jan. 2267% Dec. 4

79% May 7

93 Jan. 6

83 Jan. 12

78 Jan. 12

50 Jan. 30

703,4 Jan. 31703% Jan. 31

73 Mar. 2988% Oct. 99534 Feb. 21

8334 Jan. 14

78 Jan. 12

59 Jan. 5

81 Dec. 371 Nov. 217734 Aug. 29

7534 Dec. 1293 Apr. 2

8034 Aug. 27

5034 Aug. 21

7531 Jan. 1270% Jan. 5

7134 Doc. 2670 Dec. 18

68 Oct. 30

79% May I

73 Mar. 2999% Jan. 3953-i Fob. 21

95 Jan. 477 Nov. 17931 Jan. 23

82 Jan. 2096 Jan. 24

82 Feb. 3

643-4 Feb. 17

88% May 981 Jan. 2


FEB., 1920.) BONDS-STOCK EXCHANGE RECORD 23

BONDS

N.Y STOCK EXCHANGE

Int.Per-iod.


Sares inDecember1919.

- Lake E & W let gold 58 1937

2d gold 58 1941

North Ohio 18t gu g Se. .1945

L Sh dr Mich So. Bee N Y Cent

Leh V (N Y) 1st gu g 4%8_1940Registered 1940

Leh V (Pa) gen con g 4e....2003Gen consol 4348 2003

Leh V Ter Ry let gu g 68_1941Registered 1941

Lehigh Vail RR coil tr 68 1928

Leh V Coal Co 1st gu g 58_1933Registered . 1933First int reduced to 48_1933

Leh & N Y-lst gu g 48-1945Registered

Leh & Hud R. See Cent of N J.Long Dock. See ErieLong Iel 1st con g 58-Ju1y 1931

1st cons gold 45___Jul7 1931Gen gold 48 1938Ferry gold 448 1922Gold 48 1932Unified gold 48 1949Deb gold os 193420-year temp deb bo......_1937Guar ref gold 48 1949NYBAMB con g 5s...1935N Y & Rc Bch let g 5s 1927N Sh Bch 1st con gu 58 Oct '32

Louisiana & Ark 1st 118....._1927La Western. See So PacificLouisy & Nashv-Golcl be 1937

Unified gold 4s 1940Registered 1940

Coll trust gold fis ' 1931Louis Cin dc Lox g 430_1931NO&M Mg Os 19302d g 68 1930

Pad & Mom Dly 48-1946St Lotus Div let g 68-1921

2d gold 3s 1980Atl Knox & Cia Div g 48 1955Atl Knox & No 1st g be...1946Hond'son Bdge lot of 8s g 1931Kentucky Central g 48_1987Lox & E 1st 50-yr Ss gu-1965LANMob&M18tg4343 1945LA N-Sou Mon Joint 48_1952

Registered July 1952N Fl & Shot 1st gu g 58..1937Npt&CinBgengug4301945Pons & Atl 1st gu g Os.... 1921& N Ala con gu gGee cons gu 60-yr 53...1963

Lou & Jeff Bdge Co gu g 4e 1945

•J - JJ -A -

-

1.1:11A - 0A - 0

J -JJ - JJ - JM- SM- S

g-

FR- SJ -DM- SJ -DM-NM- SA -M- SQ -

S

M-NJ - JJ - JM- NM- NJJ - JF - AM- SPR- 73-N

J - DM- SJ -JA-0M- SJ -J

AT.7 -F - AF - AA -M-

*Rationing Coal. See LSAMSoaulanito S W Colon's g 63.1934 J -DManila RR-Sou lines 46 1936 111-NMcicpt&EVern. 38eNYCAllitMex Internat lot cons g 48-1977 M- SStamped guaranteed-1977 M- S

Michigan Central. See N Y CentMid Term 1st g e f bs 1925 J DMil LB dc West. Be. ChicANWMAde North. B.CI1M&StPMinn & St L 1st gold 7s....1927 J -D

Pacific Ext 1st gold 68_1921 A -1st cons gold 58 1934 g_ Nlet A refund gold 48,-1949 m- s1st & ref 58 Series A.-1962 - FDes MA FtD 'skiing 48..1935 j - j:Town Cent lat gold 56_1938 J -D

Refunding gold 48- -1951 m _ 8Minn & St gu. Bee SCR& NM St PASPM con gold 4e stpd

-payment of int gu 1938.7 jlet cons Ss1938 M St PASS M dr Cent Term

let Ch13 Term s f 43_1941 NMSSM &Ail lot gold 40 stpdpayment of let guar_ _1926 7 - j

Minreap Un. See St P M & MMississippi Cent 1st 5e......1949 j _ jMo Kau e.a OlcK Be.MK&TMo Kan A Tes-let.g 48_1090 j ...D2d gold 48 June 1990 F - ATrust Co ctfa of deposit_

let extension gold 55-1944 m- Nlet & refund ratge 48...2004 M- STrust Co ctfe of deposit_ __

General 81 _1930 j - jTrust Co ctfp of deposit.

St Lou Div lst ref g 49....2001 A -Dal & Wa let gu g be___1940 m- NKan C & Pan let g F - AMo k E 1st gu g 58_19424-0 Mo K & Ok let gu bs___1042 M-NMICAT of T lot gu g 58.1942 g- sSher Shrew & So 1st gu g 58'43 J - DTex Okla let gu g 5e...1943 M- S

Missouri Pacific (new co)-let & refund bs Ser 1-1965 F - A1st & rot 58 Ser P__Jan 1923 9'-A1st & refund 5s Ser C..1926 F - A

1975 114- sGeneral 48 Mo Pac-1st consol g N40-year gold loan 0.a...1045 M-3d 78 ext at 4% 1938 m- NCent Br Ur Pee let g 43_1948 J - DPan R of M 1st ext g 49_1938 F -2d extended gold 5s__1938 j - j

St Louis Iron Mt & South-Gen con ry & Id g 5s 1931 A -Gen con stpd gu g 59_1931 A - 0Unit & ref gold 4s.___1929 j - JRP, tic Gulf Div let g 49 '33 M-N

Verdigrl 'MAW lst g 58_1926 M- Sgoblin & Wren. See South it..‘Mobile it Ohio new g 68 1927 - D

lot extension g 65__July 1927 Q - JGeneral gold 45 1938 M- SMontgom ;31v lot g 55_1017 F - ASt Louis Division 55.. 1927 J - DSt L Cairo gu g 45 1931 J - JCollet trust 4s. Be, Southern

1,030

4,000

9,00051,000

91,0002,000

, 30,000

1,000

70,0001,000

10,000102,000

19,000116,000

12,0002,0001,000

10,00028,000,18,000

3,00019,0039,0305,00022,000

12,000

1,000

5,00)4,90019,090

35,11132,000

58,000

8,000

124,00071,030

8,0304,0307,000

3,000

20,00026,00011,000

552,000

93,000

120,01374,dij2,0J0

8,0001,000

10,0002,000

3,000

10,000

62,00060,000'2,000

84,0001,000

5,000

10,000

24,0008,000'

2,000

PRICES IN JANUARY.

Jan. 2. 'Jan. 31. Lowest. Highest. -

Satj Pri.7es. 8:4 Prices89 'Jan. 28 80 Jan. 28Bid. Asic. Ird Ask.

,80 8334 7834 89 64 78 65 90

8434 8734 8534 8734 86% - 70 . 7154 7580% Sale 8034 81.549634 99 9934 Sate

10034 10234 9934 10095% 98

68% 87%

89% 92%7934 703 72%90 95%69 8564% 67 7168 7063 66%

80

47%

89% 9379%' 72% 7589 95%65 8565% 78 70 6769. 74%

8292 9280 72% 82

2,000, 973' 97314,0011

1

8434 Sale 80% 8134

60

8972% 1099871 1089r 098'7Y' 5,000 9434 100 9434 100 74 • 893474 36,000, 9834 9d., 99% 99%12,090, 51 ,51>t 53% 51

1

4.000' 76 Sale 70 7134

100 101% 1 00% 1o13495% 10095

46;0001 75 S8a8le 7834 % 8716 6 .000

86

6. 62 63

000, 82% 884,000 65 Sale

1,000

IV:65112,000

3,0991164)03

74,000

5,000

216,00092,0093,00030,00389,00017,003,60,000

2,000

5,000

26,00010,00031,000

1,627,0001,000

3,009

108,000

151,000,139,000,

2,000

3,000,

88 9583% ossi 99%94 90%82 8662 70

99 97%

33% 43.30 3,5 436154 703134 Sate

81% Sale93% 95

88

' 87% 8834

59,4 Sale31 33%23 33 3237 43 4025 2325 27% 30

48 52% 30

55 74 39

77% 9334 Silo8834 88%5834 Sale9734 100 85%60 84%80% 8287 97

92% 95

76 Sale71% Sale

88 9579% 9834 1099134 96%8334 8562 69%

99

94%

07%• 74%

38% Sale 4335. 4470 71%40 41 .

79 81

RANGE FOR YEAR 1919.-------.

Lowest. Higheit,

Sale Prices. Sale Prices.8234 Sept. 29 90 Mar. 17

82 Jan. 9 8534 Jan. 12

7334 .Tan. 683% Jan. 2

- 993/. Jan. 339834 Jan. 22

73 Jan. 7

71 Jan. 683 Jan. 13

103 Jan. 89834 Jan. 22

65 Aug. 8

80 Aug. 1978 Sept. 869 Dec. 4773-4 Dec. 1597% Dec. 2

993.4 Dec. 23cag Mar. 13

73 Jan. 7.........

8534 July 22

92 Jan. 1578 Sept. 88034 Jan. 61900Feb. 202x J4

10234 May 10101 Dec. 9

----- -

72 Jan. 5 72 Jan. 5

68 • Jan. 1667 Jan. 2767 Jan. 2765 Jan. ' 7

9234 Sept. 2486 Aug. 67234 Oct. 278634 Mar. 21

73% Jan. 567 Jan. 2768 Jan. 216934 Jan. 30

97% Jan. 780 Jan. 26

91 ,Jan. 2189 Jan. 13103 Jan. 8

93% Jan. 294334 Jan. 277) Jan. 30

10134 Jan. 873 Jan. 308634 Jan. 1582% Jan. 76334 Jan. 27

93% Jan. 9

08% Apr. 886 Aug. 6SO Jan. 2092 Oct. 15

6534?Dec. 18 7854 May 9.i70 Apr. 5 84 Apr. 96834 Dec. 22 7734 Jan.

4

6534 Dec. 11 77 June 392 Aug. 7 94 Jan. lb86 Dec. 16 92 A.or. 12ooq June 23 91 mar. 278134 Oct. 30 8834 Aug. 28

103 Jan. 30 97 Sept. 9 10034 Tan 118434 Jan. 2 soki Dec. 12 8533 Jun. 2 8134 Sept. 29 8134 Sept. 29

91 Jan. 21 92 Dec. 5 100 Jan, 1093 Jan. 14 92 Nov. 5 9434 June 13103 Jan. 8 103 Dec. 5 10534 Jan. 18 100 Jan. 4 100 Jan. 4 7934 Jan. 16 7934 Tan. 10103 Jan. 19 99 Dec. 4.10i34May 275134 Jan. 17 51 Nov. 7 57 Feb. 1376 Jan. 2 7154 Dec. 8 80 Oct. 9 9534 Sept. 9' 95 Sept. 910134 Jan. 8 10134 July 16.10134 July 1675 Jan. 10 73 Aug. 20 8034 Jan. lb8(5% Jan. 15 845 Dec. 17 9554 Feb. 1 18234 Jan. 7 8234 Dec. 31 8734 Apr 1165 Jan. 9 60 Dec. 24 73 Apr. 14

9434 Sept. 24 95---July 10

98% Dec.. 30 10134 July--

93% Jan. 0 9034 Sept. 15 100 Oct. 30 8534 Nov. 26 93 Mar. 10 70 Oct. 8 70 Oct. 8

85 Jan. 15

94 Jan. 197334 Jan. 2634% Jan. 9

69 Jan. 337% Jan. 2

80 Jan. 29

85 Jan 15

94 Jan. 1975 Jan. 2140 Jan. 23

71 Jan. 1541 Jan, 23

82% Jan. 8

8834 0034 8834 Jan. 3

75

59 5934 5834 Jan. 2928 3034 2834 Jan. 3028 39 29 Jan. 30 32 37 36 Jan. 23 37 253,4 2634 25 Jan. 724 2634 25 Jan. 16 25

190% 102%9.3% 59;f370% 8.2 8273 741,

48% 25 30 36 • Jan. 2050 65 55 74 39

8234 85 8134 Jan. 2689 9134 9034 Jan. 308834 89 8834 Jan. 756 Sale 56 Jan. 31 98%

60

79%87%

89%

84%

00 Jan. 9

90 Oct. 2

101 July 79734 Apr. 1174 S.:pt. 113554 Dec. 2044 May 2345 Nov. 1269 Dec. 3035 Dec. 18

80 Dec. 59334 Dec. 30

88 Nev. 6

92 May 13

6034 Jan. 1331 Jan. 1431 Jan. 14

39%1Jan. 8

2534 Jan. 2825 Jan. 16

58 Dec. 529 Apr. 1424 Dec. 302034 Aug. 1336 Dec. 2335 Dec. 2124 Dec. 2624 Dec. 3125 July 17

36 Jan. 2053 Apr. 2640 Nov. 1069 Oct. 315054 Mar. 19

00 Oct. 2••

101 July 7'99 Jan. 3180 June 1049 June 649 July 2445 Nov. 1280 May 2948 June 6

89 Jan. 49734 Feb. 18

88 Nov. 6

9434 Jan. 20

69 Jan. 638 July 243634 July 23'30 May 2118 May 846% July 234 July 213134 June 1 327 July 30

623.4 Dec. 1850 Jan. 67134 Jan. 1853 May 21

......

83% Jan. 23915 Jan. 288934 Jan. 2159 Jan. '7

3834 Dec. 10

75% Dec. 190 Doc. 128434 Sept. 1254 Dec. 298 Aug. 13

97%

9034 8834J: in. 22 9454 Jan. 3

68 June 31)80 Dec. 889 May 5

89 Nov. 28

73 7334 73 Jt in. 29 76 Jan. 7 73 Aug. 27

6734 6734 68 Jt In. 29 72 Jan. 3 613 Doc. 4

83 Ju .n. 8 86 Jan. 0 92 July 17

10034 101 10134 Ja n. 28 10234 Jan. 10 10034 Sept. 8

9734 95:4 Ja n. 5 95% .Tan. 5 95 Sept. 20

56 . 5934 53 Ja n. 9 53 Jan. 21 0034 Nov. 17

7634 80 7634 Ja a. 82

28 703-4 Jan. 28 78 Dec. 6

73% 743.4 Ja, 1. 15 74% Jan. 15 8731 Mar. 21

Sept. 23

50 July 18

8734 Jan. 169454 Feb. 1892 Jan. 1463% Jan. 3100 Feb. 24

68 June 3082 Jan. 2389 May 6

9754 July 24:

8234 Jan. 137734 May 992 July 17

tinq Jan. 30834 July 14'68 July 891 May 1987 Apr. 2281.34 Mai/ 8•

puloormow.mmemmommomemawnst.....hibem.......


24 BONDS-STOCK EXCHANGE RECORD [V oL . 110BONDS

N Y STOCK EXCHANGE

Int.Per-iod.

Mohawk dz Mal. SeeN Y C &HMontana Cent. See St P M & MMorgan's La&T. See So Pac CoMorris & Essex. See D L & W

Mashy Chatt & St L let 5e 1928& 'Jasper Brch 1st gold 68_1923Nash Flor & Shef. See Lou & NNat Rye Mex pr lien 4%8_1957Guaranteed general 4s__1977

Nat of Mex pr lien g 4%8_7.1926let consol gold 40 1951

N H & Derby. SeeN Y N H &HN J Junc'n RR. See N Y CentNewp't dr Cin B'ge. SeeLou &NNew Orleans Term let 4s 1953N 0 Tex & Mex let SerA 681925Non-cum income ser A 581935

N Y B & Man Beach. SeeLlelN Y Cent RR cony deb 60_1935Consol Series A 4s 1998Ref & impt 43s A 2013N Y Central & Hudson River-Gold mortgage 3%e......_1997

Registered 1997Debenture gold 4e 1934

Registered 193480-year debenture 4s__A942

A - 0J - J

J -A - 0J - JA - 0

-J -DA - 0

M-NF - AA -

J - JJ - JM-NM-NJ - J

Lake Shore coil g 3%s_ _ 1998 F - ARegistered 1998 F - A

Mich Cent coil g 33,0_1998 F - ARegistered 1908 F - ABeech Creek 1st gu 4s 1936 J - JRegistered 1936 J - J2d guar gold 58 1936 J - J

Registered 1936 J - JBchCr ex let gu g3;isFeb '51 A - 0Cart & Ad 1st gu g 4s1981 J -C.Gouv & 0 lst gu g 5s_ 1942 J -DMoh & Mal let gu g 4s 1991 M- SN J June R gu 1st 4s 1986 F - AN Y & Harlem g 33e 2000 M-NRegistered 2000 M-NN Y & North 1st g 5s_1928 A -0NY&Put let con gu g 48_1993 A - 0Pine Creek reg guar 6s 1932 J - D

R W & 0 con 1st 5s_July 1922 A - 0

Rutland let cons g 4%0_1941Og & L Ch 1st gu g 48_1948Rutl-Can 1st gu g 4s_ _1949St Lawr dz Adir let g 58_19962d gold 6s 1996Utica dr B1 Riv gu g 4s 1922Lake Sh dr M S g 3%s1997Registered 1997Debenture gold 4s_ 1928

Registered 4s 192825-year gold 4s 1931

Registered 1931

J - JJ - JJ - JJ - JA - 0J - JJ -DJ -DM- SM- SM- NM-N

Kai A & G R 1st gu c 5s_1938 J - JMahon Coal RIt 1st 5E1_1934 J - JPitts & L E-2d g 5s_Jan1928 A - 0Pitts McK & Y let gu 68 1932 J - J2d guar 6s 1934 J - JMichigan Central 5s 1931 M- SRegistered 1931 Q - M48 1940 J - JJack L & S gold 3%e1951 M- S1st gold 33.s 1952 M - N20-year debenture 4s_1929 A - 0N Y Chic & St L 1st g 48.1937 A - 0Registered 1937 A - 025-year debenture 48_1931 M-NWest Shore let 4s guar_ _2361 J - JRegistered 2361 J - JN Y C Lines equip 5s 1919 M- NEquip tr 4%s Ser K 1920 J - JN Y Connect 1st gu 434s A.1953 F - AN Y & Greenwood L. See Erie

NY&Har. SeeNYC&HRN Y Lack & West. See D L dz WN Y L Erie dr West. See ErieN Y & Long Bch. See Cent N JN 1 New Haven dr Hartford-Non-cony debenture 33s '54 A - 0Non-cony debenture 4s_1955 J -Non-cony debenture 4s_1956 M-NConvertible deben 3%8_1956 J - JConvertible deben 6s 1048 J - JConsol Ry non-cony 4s 1930 F - ANon-cony deben 4s 1056 J - JHarlem R & Pt Chee let 48'54 M-NB & N Y Air Line let 423_1955 F - ACent N E 1st guar 4s 1961 J - JHousaton RR con g 5e 1937 M- NN Y Proy & Bos gen 4s_ _1942 A -NY W'ches & 13 lst 4%e 1946 J - JNew Eng RR cons 4s 1945 J - JProvidence Sec deb 48_1957 M- SProy dz Springf let 5s 1922 J - JProvidence Term let 43_1956 M- SN Y dz•Northern. See N Y CentN Y Ont & W let g 4s June 1992 M- SReg $5,000 only.. ....June 1992 M- SGener el 4s 1955 J DN Y & Putnam. See NYC&HN Y & Rock Beach. See Long IslN Y Susq & Western. See ErieNorf Sou let & ref A 5s 1961 F - ANorfolk & South 1st g 5s 1941 M-NNorfolk & West gen g 6s_..1931 M-NImproyem't & ext g 6s 1934 F - ANew River 1st gold 6s 1932 A - 0Nor de W Ry let con g 4s.1996 A -0Registered 1996 A - 0Div 1st & gen g 4s 1944 J - J10-25-year cony 4s_ 1932 J -D10-20-year cony 4s__ _1932 M- SConvertible 4;is 1938:M-S10-year convertible 68_19291 Poca C & C Joint 48_ _ _19414 -DCol Con & T lst gu g 53_1922 J - JScio V & N E 1st gu g 4s_1089M- NNorthern Ohio. See L Erie &WI



PRICES IN JANUARY. RANGE FOR YEAR 1019.:Jan. 2. Jan. 31. Lowest. Highest. Lowest. Highest.

Bid. Ask. Bid. Ask. Sale Prices. Sale Prices. Sale Prices. Sale Prices.

7,000 96% 97% 94% 98% 943 Jan. 15 06% Jan. 6 963.' Nov. 17 100 Jan. 17104% 104% 17,000 9,000 24% 49 20 Jan. 6 22 Jan. 30 25 Dec. 24 50 Mar. 1114,000 23% 40 30 20 Jar!. 6 23% Jan. 21 20 3,000 71 15 Jan. 20 15 Jan. 20 ..

66,000 31,000 62% Sale 62% 64% 62% Jan. 2 65 Jan. 9 623' Dec. 24 70 Oct. 178,000 44,000 95 96 95 96 95 Jan. 10 96 Jan. 7 94 Apr. 7 993.' Oct. 20197,000 306,000 52% 54 52 Salo 51% Jan. 31 553' Jan. 13 50 Apr. 23 62% June 8719,000 2,039,000 91% Sale 92 Sale 91% Jan. 2 933.' Jan. 12 89% Dec. 23 10034 June 3117,000 82,000 71 Sale 67% Sale 67 Jan. 30 72 Jan. 6 68% Dec. 1 77 May 2848,000 180,000 79 Sale 77 77% 77 Jan. 28 79 Jan. 2 75 Nov. 28 86 May 19281,000 259,000 68% Sale 66%, Sale 653 Jan. 26 70 Jan. 10 66 Dec. 4 73 Mar. 183,000 66% 66 Dec. 26 71 May 211147,000 248,000 82 Sale 76% Sale 76% Jan. 31 82% Jan. 2 7678 Dec. 15 86 Jan. 11 8860,00012,000 101,000 60% Sale 59 61 60 .Tan. 28 62 Jan. 9 59% Dec. 3 68 Jan. 2013,000 70% 60 Jan. 26 60 Jan. 7 59 Aug. 27 67 Jan. 35,000

16,000 60% 61% 59 60% 59 Jan. 28 61% Jan. 8 60 Dec. 12 70 Jan. 3 81 83 83 82% Jan. 9 823 Jan. 15 82 Aug. 15 82 Aug. lb 88% 82%

54% 55 75 77 72% 91 5,000 1,000 75% 75% 80 753 Jan. 21 753-s Jan. 21 7534 Dec. 31 80 May 19 68% 69% 60 60

-.- 2,0001 92 95 925% Jan. 20 92% Jan. 20 9634 Nov. 1 983.' Aug. 18 72 73% 78 Feb. 3 80 Feb. 8 103 103% 97% 98% 97% 99 Jan. 22 993 June 20 73 73 67 Jan. 27 7734 June 27 78 60 Aug. 18 6134 July 22 53 60 67 Feb. 24 67 Feb. 24 82% 85 82% 85

85 85 4,00010,0002,000

162,000

1,000116,000

286,000

93% 95%69% 73%

68 7186% Sale

94% 68% 69%68% 85 85%

03% Jan. 869% Jan. 969 Jan. 785 Jan. 30

93% Jan. 870 Jan. 2069 Jan. 7873 Jan. 12

9434 Dec. 1168 Dec. 470% Nov. 781 Dec. 23

96 Aug. 2174 June 470% Nov. 790 Jan. 23

176,000 305,000 83% Sale 82 82% 82 Jan. 23 84% Jan. 5 82 Dec. 2 89 Jan. 84% Nov. 7 84% Nov. 7

85 85 93% 93%

102% 102% 101 101 94% 89%

92% 76% 82 81 Oct. 14 84 Mar. 70% 70% 10,000 73 75 73% 7034 Apr. 25 74% Aug. 421,000 19,000 79N 80 Sale 80 Jan. 26 81 Jan. 8 7334 Dec. 11 85 Mar. 1126,000 43,000 so% 80% 75 78% 79 Jan. 28 813.' Jan. 7 7834 Sept. 29 .84 June 0

37,000 150,000 68% Sale 673.' Sale 6734 Jan. 30 75 Jan. 10 6434 Dec. 19 763-4 July 2849,000 166,000 73% 74x 71 723-4 71 Jan. 29 7434 Jan. 5 70 Aug. 22 81% Jan. 812,000 27,000 71 71% 70 7134 70 Jan. 27 7134 Jan. 7 663-4 Dec. 5 7834 Feb. 18 99% Feb. 4 90% Feb. 8

25,000 58,000 773 78% 77 78 77 Jan. 28 79 Jan. 3 -76.3.4 -Dec. 30 8634 Apr. 17

1,000 45 47% 463-4 45 Jan. 20 45 Jan. 20 50 May 20 52 Mar. 194,000

9,00051,000

45 47 46 46%

4934 47 48 463-4 Jan. 8 48 Jan. 5

45 Dec. 1746 Dec. 24

5674 Jan. 215934 Jan. 21139,000

9,000 478,000

48% 67% Salo

45 70 Sale 6734 Jan. 2 72 Jan. 8

47 Dec. 2365 Dec. 17

52 Feb. 088 Jan. 11

49 May 28 50% July T 63% 63% 68 Nov. 24 70 Oct. 311,000 66 72%,

57 65

63% 58 Jan. 19 58 Jan. 19 58 July 22 62% Jan. 0 80.... SO% 80% 106,000 361,000 35% Sale 37 Sale 34% Jan. 2 38 Jan. 14 3334 Dec. 30 54 May 28 60 613,000 34% Sale 25 30 34% Jan. 2 34% Jan. 2 38 Nov. 24 40 Jan. 20 60 66

67% 67% 46,000 65,000 59% 60 59% 60 59% Jan. 9 60% Jan. 3 58 Dec. 27 70 Jan. 23

60% 66 603.4 Sept. 26 62 Oct. 6

22,006 43,0001 52 Sale 50% 51% 52 Jan. 2 53 Jan. 13 5134 Dec. 22 6934 Jan. le--2;6661 104 77% 84

103% 81 Nov. 26 10174 Nov. 18

89 May 2710934 Fob. 24 103% 103

10634 Aug. 9 10834 May 20209,000 232,000 78% Sale 75% Sale 7534 Jan. 31 80 Jan. 2 76% Dec. 9 86% Jan. 0 79 Oct. 16 79 Oct. 1019,000 39,000 75% Sale 75% 76 75% Jan. 2 78% Jan. 6 743.' Aug. 14 82 Jan. 291,000 27,000 74% 77% 773.4 Jan. 31 7734 Jan. 31 74 Dec. 6 84% Feb. 0

21,000 96% 96% Dec. 5 10434 Apr. 18219,000 602,000 104% Sale 102;4 Sale 10234 Jan. 26 10434 Jan. 5 10234 Dec. 18 11034 May 1930,000 24,000 79 79% 7834 79% 7834 Jan. 30 80 Jan. 28 7834 Dec. 29 86 Jan. 2120,000 97%, 97% 983-4 Jan. 14 9834 Jan. 14 97 Aug. 28 97 Aug. 2813,000 36,000 78 75% 77 76 Jan. 24 77 Jan. 16 74 Nov. 3 81 Jan. 13

0


FEB., 1920.] BONDS-STOCK EXCHANGE RECORP 25

BONDSN V STOCK EXCHANGE

Int.Per-iod.



North Pacific-Prior 4s___1097Registered 1997

General lien gold 3s_Jan 2047Registered Jan 2047

Ref & imp 4%s ser A___2047St Paul-Dul Div g 45..„1096

Registered 1096C B & Q coil tr 45. See Gt NorSt P& No Pac gen g (35.._1023

Registered certificates 1923St Paul & Duluth 1st 55_1931

1st consol gold 4s 1068Wash Cent fly let g 4s 1948

Nor I' Ter Co 1st g Cs 1033North Wiscon. See C St PM&O

O L Champ. See Rutland%Jill° Ind & W. See CCC&StLOregon & Cal. See Sou Pac CoOre RR & Nay. See Union PacOregon-Wash 1st & ref 48_1061Oswego & Rome. See N Y Centpacific Coast Co 1st g 55_1946

acific of Missouri. See Mo PacPaducah Sc Ills 1st s f 4%0_1955Penn RR let 45 real ad g 1023

Consol gold 4s 1043Consol gold 4s 1948Consol 43,0 1960General 4%s 1965General Os 1968Alleg Val gen gu g 4s 1042Del RN ItIt13(lg 1st gu g 45 '36Phila Halt & W 1st g 48_1943Sod Bay Sc So 1st g 5s 1924Sunburi Sc Lewis 1st g 481936UNJR1 Sc Can Co gen 451944

Pannsylvailla Co-gu 4%5_1921Registered 1021

On 3%8 coll tr reg ctfs_..1937Gu 33.s coil tr ctfs B 1041On g 3s tr ctfs Ser C 1942Gu g 3 s tr ctfs Ser D 1944Guar gold 15-25-year 48_193140-yr gu tr ctfs 4s Ser E_1052Cin L&N 1st con gu g 45..1042Clev Sc Mar 1st gu 4%8_1935Clev Sc Pitts gu g 4%s A..1942

Series II 4 s 1942Int reduce( to 3%%_1942Series C 3%s 1948Series D 3%s 1950

Erie & P gen gu g 3%s B 1040Series C 1040

Or R&I ex 1st gu g 4%5_1941Ohio Connect 1st gu 4s_ _1043Pitts Y Sc Ash 1st con 55..1927To1WV&O 1st gu 43s A 1931

Series B 4%8 1933Series C 48 1942

PCC&StLgu g 4%sSerA 1940Series 13 guar 1942Series C guar 1942Series D 48 guar 1945Series E 33"0 guar g 1949Series F cons 4s gu g 1953Series 0 cons 4s guar _1957Series It cons 4s gu_ _1060Series I cons 4%s gu 1963

Ch St L & P cons g 5s 1932Pensacola Sc At. See Lou&NashPoor Ac East. See C C C & St I.Peor Sc Pek Union 1st g 65_1921Second gold 4%s_ _ Feb 1921

Pere Marq-lst ser A 55.._19561st ser B 4s 1956

Philippine fly 1st 30-yr s f 4s '37Pine Creek. See N Y CentralPitts C C Sc St L. See Penn CoPittsb Cloy Sc Tol. See Balt Sc 0Pitts Junction. See Bait Sc 0Pitts & Lake E. See N Y CentPitts McK Sc Y. See N Y CentPittsb Shen Sc L E let g 5s_1040

Fist consol gold 58 1043Pitts Y Sc Aehtab. See Penn Co

Deeding Co gen gold 48_ _1097BA. Registered 1997Jersey Central colt g 4s_ _1951Atl City 1st con gu g 45_1,051

Sag Tvsc & 11. See Pere Manit Jos Sc Gr Isl 1st g 4s_ _ _1947

St Law & Adir. See N Y CentSt L Sc Cairo. See Mobile Sc OhioSt L Iron Mt Sc So. See Mo PacStLM Br. See Tern. It AsenotStSt Louis Sc San Fran (ltewl; Co)

Prior lien 4s ser A 1950Prier lien Os ser B 1950Cum adj ser A Os 1055Income ser A 8s 1060

St L Sc San Fr-Gen g Cs 1031General gold 5$ 1931Prior lien 6s series C__ _1928St L& SF RR cons g 48_1996South West Div g 58_1947KC Ft S& M con g 6s 1928K C Ft S & M Ry ref g 451936KC&M 11.&13 let gu g 58_1920

St Louis Soutk. See Ill CentralSt Louis Southw-lat g 4s_19892d g 45 Inc bd ctfs_ _Nov 1889Consol gold 49 1932

t term! Sc unit Se 1952tatPt Ter let gu g 5(3_1947

St Paul & Duluth. See No PacSt Min Sc Man. See Gt NorthSt Paul Sc Nor Pac. See No PacSt P & Sioux C. See CStPM&OSA&AP 1st guar g 4s_ _ _1943Scioto Val Sc N E. See Nor Sc WSeaboard Air Line g 45_1950Stamped 1050Adjustment Os Oct 1049Refunding 4s 1059tl-Btr 30-yr lot g 45.May'33

Corn ('n, lu. On.° fq 1010

Q- JQ- JQ- FQ - FJ -JJ -DJ -D

F - AQ - F- A

J -DQ-MJ -J

J -J

J -D

J -JM-NM-NM-N- A

J -DJ - DM- SF - AM- NJ -JJ - JM- S

• - JJ -JM- SF - AJ -DJ -DA -0M-NM- NM-NJ -A -A -M- NF - AJ -JJ -J

J -JM- SM- NJ -JJ - JM- SA - 0A - 0M- NM- NF - AJ -DM- NF - AF - AA -

Q- FM-N

J - J

A -J -J

J -JJ -A -J -J

J - J

J - JJ -JA -OctJ -JJ - J

J -JA -M-NA -A - 0

M- NJ -JJ -I)J - JJ -D

J - J

A -A -F - AA - 0M-J - J

435,000

204,000

27,000

1,0003,000

1,000

109,000

1,00051,000128,000436,000

1,015,000

1,000

33,000

1,0002,000

6,00010,000

1,000

6,000

149,00011,000

460,0001,000

35,000

804,000460,000521,000477,000

6,0007,0007,000

42,00082,0006,000

121,000

75,00048,000

73,000

12,00021,000

319,000462,00015,000

1,409,000


Jan. 2. Jan. :11.

Bid. Ask. Bid. Ask.80 Sale 75 Sale

310,000

7,000

11,000

10,000

185,000

75,000356,000

2,046,0001,663,000

6,000

10,000

36,000

5,000

4,000

234,00063,000

910,000

79,000

1,000

2,821,000826,000986,000691,000

2,000

12,000130,000

184,000

86,00036,000

55% 56

80% 8270 80

100% 100%99% 100%90 68% 8560 66107%

72 Sale

75 81%

93

83% 86%8431 Sale92 Sale84 Sale91% Sale

83% 82%

53% Sale

76% 7970% 75

101 09% 91 68% 60 66100%

Lowest. Highest. Lowest. Highest.

68% 69

75 80

92%

83% 8584 Sale90% 91%80% Sale89% Sale82% 8334 82%

81% 81%

9731 9791 9731 983197% 71% 72% 7131 75 7131 75 75 73 73% 72%81% 83% 8379% 82 81%824 81 8331 87 8331 879131 87% 9391% 87%

70% 70%

79 8385% 97% 88 883489% 91%80 89 918834 9188%

82 87

92

87% 89% 100%

00 08

87 Sale70% Sale43%

97% 9895%

81 Salo

79% 81

57;;; 60

58 Sale70 Sale6134 Sale45% Sale10291 94

99% Sale65% Sale87% 90%

61% Sale 62%50% Sale57% 61

90,000 5631 Sale

42,000 5931 6141,000 6031 Sale

728,000 35 Sale453,000 3931 Sale5,000 6331 Sale

62

70% 70%

77% 85% 97% 86% 9286% 91%80 90

91%

90%82 84 85% 90%

87% 8898 10094

85% Sale69% 704334 45

95% 93%

79% 8078 70% 80%

57% 67

57 Sale67% Sale60% Sale41% Sale10002% Sale85

100 Sale65% 6686 Sale

63% Sale 6250% 5157% .57%

57% 60

57% 5856% 59%3731 Sale45% 4661% Sale65


5331 Jan. 26

78 Jan. 29

10031 Jan. 710031 Jan. 8

10731 Jan. 5

6831 Jan. 30

8331 Jan. 1683 Jan. 309031 Jan. 308031 Jan. 31

18931 Jan. 31

8231 Jan. 29

9731 Jan. 28

7134 Jan. 227331 Jan. 22

8234 Jan. 148031 Jan. 24

90 Jan. 22

88% Jan.

Sale Prices.80% Jan. 3

56% Jan. 5

81% Jan. 6

Sale Prices.7531 Nov. 287631 Oct. 25231 Dec. 1755 Nov. 1979 Dec. 278 May 14

10031 Jan. 710031 Jan. 8

10031 Oct. 99934 Dec. 1297 Feb. 37631 Oct. 21

10731 Jan. 5

72% Jan. 5

8331 Jan. 168631 .Tan. 1392% Jan. 584% Jan. 69334 Jan. 3

8231 Jan. 29

97% Jan. 7

71% Jan. 22:7331 Jan. 22

8331 Jan. 2081 Jan. 14

10631 Aug. 25

68% Dec. 4

8434 Sept. 4

Sale Prices.88 Jan. 1182 Mar. 481% Jan. 657% May 890 Jan. 2470 May 18

10431 May 19100% May 199834 Jan. 177634 Oct. 21

10731 May 28

797% Jan. 11

88 Jan. 9

954 Apr. 148731 June 2482 Sept. 128831 Dec. 1779% Dec. 58831 Dec. 1387% Aug. 4

8231 Dec. 19

9531 Apr. 1488 June 68931 Mar. 1098% Jan. 48931 Jan. 119731 Jan. 158631 June 18

8731 Jan. 28

97 June 1795% Oct. 8

78 Jan. 1577% Oct. 277 Nov. 248234 Nov. 248031 Nov. 258131 Oct. 1885 Dec. 2

9831 Feb. 1708 June 30

78 Jan. 1577% Oct. 277 Nov. 248634 June 2187 Jan. 178231 July 308814 Nov. 25

7931 Oct. 6 7931 Oct. 67931 May 13 798% May 13

87 June 25 87 June 258331 Apr, 7 853% Nov. 13

8734 Nov. 18

90 Jan. 22

8734 Nov. 18

9131 Nov. 22 9431 Jan. 2791 Nov. 3 9231 Jan. 23

90 Oct. 190 Oct. 1

8831 Mar. 26

9031 Aug. 2790 Oct. 1

91 July 1

9 8831 Jan. 9 89 Dec. 19 91 Apr. 1 101 June 14 102 Jan. 30

85% Jan. 22 87% Jan. 97031 Jan. 2 7131 Jan. ' 3

7894 Jan. 207831 Jan. 2079% Jan. 8

5631 Jan. 3()6731 Jan. 295934 Jan. 304031.Jan. 30

10131 Jan. 2991 Jan. 58434 Jan. 30

99% Jan. 86531 Jan. 2786 Jan. 31

61% Jan. 2

50% Jan. 25634 Jan. 30

82% Dec. 265% Dec. 945 Jan. .18

90 May 2072% Jan 1585 July 15

8134 Jan. 57831 Jan. 2080% Jan. 5

59% Jan. 671% Jan. 3162 Jan. 3'45% Jan. 2102 Jan. 89231 Jan. 26:85 Jan 29'

78 Dec. 1678 Aug. 2878 Dec. 6

5931 Sept. 6

53 Nov. 2966% Dec. 355 Dec. 139% Nov. 7101 Nov. 39131 Sept. 8

100 Jan. 1470 Jan. 88731 Jan. 10

6434 Jan. 19

52 Jan. 559 Jan. 6

5631 Jan. 2 6091 Jan. 20

60 Jan. 19 0034 Jan. 36031 Jan. 7 61 Jan. 1335 Jan. 2 3891 Jan. 2738 Jan. 2 49 Jan. 146134 Jan. 31 0331 Jan. 2

9031 Aug. 11607 Dec. 288% July 3

60 Dec. 157% Jan. 6499 Dec. 315696 Dec. 23

56 Dec. 26

597% Dec. 3058 Dec. 1334 Dec. 2436 Dec. 2464 Dec. 247i A nr

864 Jan. 68134 Mar. 2885 Mar. 1

68 June 18

64 Jan. 379% Jan. 471 May 156 May 21106 Apr. 2408 Mar. 19

1031 Jan. 1875 Jan. 1490 Oct. 4

74 Jan. 2163 Sept. 46534 June 56431 May 28

80 Jan. 3

72 Jan. 1474 Jan. 1453% Jan. 280 Jan. 386 Mar. 137R ATM 9


26 BONDS-STOCK EXCHANGE RECORD [vol.. no.


Per-iod.



PRICES IN JANUARY. RANGE FOR YEAR 1919Jan. 2. Jan. 31. Lowest.

Seaboard Air Line (Concl.)-Fla Cent & Pen 1st ext 6s..'23 J - J

let land grant ext g 55_1930 J - JConsol gold 58 1943 J - J

Ga & Ala 1st cons 55_0ct 1945 J - JGa Car & Nor lst gu g 581929 J - JScab & Roanoke 1st 5e.._1926 J - J

Sher Shr & So. See Mo K & TB ilSp 0 & G. See Atl Coast LSou Caro & Ga. See SouthernSouthern Pacific Co-

d's g Cent Pac coil.. ..Aug 1949 J - DConvertible 4s____ June 1929 M- SConvertible 55 1934 J -DCent Pac 1st ref gu g 45_1949 F - A

Registered 1949 F - AMtg gu g 3Mu___Aug 1929 J -DThrough St L 1st gu g 4s_ '54 A- 0

Gal H & San Ant 1st 55_1931 M- N2d_ guar exten 55 1931 J - J

Glla V G & N 1st gu g 55 1924 M- NHE &WT 1st g 5s 1933 M-N

1st gu g 5s redeem_-

_1933 M-NH & Tex C lst g 55114 gu 1937 J - JGen gold 45, int Oar_ 1921 A -0Waco & NW 1st g 65..1930 M-N

A & N W lst gu g 5s 1941 J - JLouisiana West let 65_1921 J - J

Morgan's La & T let 65_1920 J - JNor of Cal gu gold 55 1938 A - 0Ore & Cal 1st gu g 5s 1927 J - JSo Pac of Cal 1st cons 55 1937 M- NS P Coast 1st gu g 45_1937 J - JSan Fran Term 1st 4s 1950 A - 0Tex & N 0 cons g 55_1943 J - JSo Pac RR 1st ref gu 48_1955 J - J

Southern-lst cons g 5s 1994 J - JDevel & gen 4s, Ser A1956 A - 0Mob & 0 coll tr g 45 1938 M- SMem Div lstgss 1996J - JSt L Div lst g 4s 19511J - JAla Gt Sou 1st cons A 5s 1943 J - DAtl & Char A L 1st A 4%5'44 J - J

1st 30-yr 55 Ser B 1944 J - JAtl & Danv lst g 4s 1948 J - JSecond 45 1948 J - J

Atlan & Yad 1st gu g 45_1949IA -0E T Va Ga div g 5s_ _19301J - JCons 1st gold 5s 1956M- N

E Ten reorg lien g 5s_ 1938 M- SGeorgia Midland 1st 35_1946,A - 0Ga Pac Ry 1st g 6s 1922 J - JKnox dr Ohio 1st g &L....1925 J - JMob & Birm pr lien g 55_1940 - JMortgage gold 45_1945J - J

R & Danv Deb 55 stp-d_1927, A - 0Rich & Meek 1st g 45_ _1948 M- NVa Mid-Series D, 4-56_1921M- SSeries E 55 1926'M- SSeries F 55 1931M- SGeneral 55 1936 M- N

Va At S W lst gu 55 2003J - JFirst cons 50-year 55_1958 A - 0

W 0 & W lst cy gu 4s_ _1924 F - ASpokane lutenist 1st g 55_1950 - J

Ter Assn of St L lst g 43s 1939,A -0• First cons g 5s _1894-1944 F - AGen re Cs f gold 45 1953J - JSt L M Br Ter gu g 5s 1930 A - 0

Texas & Pacific 1st g 55 2000 J - DSecond gold income 5s....2000 MchLa Div B L 1st g J - JWMW&NWIstgu551930E- A

rot & Ohio Cent-lst g 55_1935 J - JWestern Div 1st g 55 1935 A - 0General gold 55 1935 J -DKan & M 1st gu g 4s 1990 A - 0Second 20-year 55......_1927 J - JTol Peor & W 1st gold 4s 1917J - J

Tot St L & W-Pr 1 g 3%5_1925 J - JFifty-year gold 45 1950 A - 0Coll trust 45 g Ser A..__ _19171F - A

Certificates of deposit_Tor H & B let g 4s__July 1946,J -D

'Ulster & Del 1st con g 55_1928,J -DU First refund gold 45_1952,A - 0Union Pac RR & lclgr g 45_1947J - J

Registered 1947 J - J20-year cony 4s 1927 J - JFirst & refund 45_ _June 2008 M- S10-year secured 6s 1928,J - JOre RR & Nay con g 45_1946,J -DOre Short Line 1st g Os_19221 F - A

First consol gold 55_1946 J - JGuar refund gold 4s 1929 J - D

Utah & Nor gold 5s 19264 - J1st extended 4s 1933,J - J

Vandalia consol g 4s_ 1955 F - A✓ Consol 4s, Series B_ _1957,M- NVera Cruz & P 1st gu g 4%51934! J - JVirginian 1st 55 Series A _ _ _ 1962, M - N

Wabash 1st kuld 58 1939! M - Nvv Second gold 55 1939 F - ADebenture Series B 65_19394 - J1st lien equip s 1 g 5s.._ _1921 M- Slet lien 501-yr g term 45_1954 J - JDet & Ch Ex lot g 5s 1941 J - JDes Moines Div 1st g 4s_1939J - JOmaha Div 1st g 3345_1941IA -0Tol & Chic Div let g 40_1941, M- S

Wash Term 1st gu 3%5_1945 F - A1st guar 40-year 45 1945 F - A

West Maryland 1st g 4s 1952 A - 0West N Y & Pa 1st g 58_1937 J - JGeneral gold 4s 1943 A - 0Income 5s 1943; Nov

Western Pacific 1st 5s A.. 1946'Wheel & L Erie-lst g 5s.. _1926:A -0Wheeling Div 1st g 55_1928 J - JEaten & impt gold 55 1930 F - ARefunding 434s Ser A_ _ _1966 M- S

Wh & L E RR 1st tong 45_1949 M- SWinston-Salem S B 1st 4s_1980 J - J%%Cull Cent 1st gen g 45_1949J - JSun&DulDiv&Ter 1st 4s 1936 M- N

1,000

1,000

196,000590,000781,000175,000

51,0002,000

1,000

21,00011,000

2,000

26,000

15,000

05,000273,000595,00032,0004,0001,000

7,0007,000

-1,666

-2,-Y,(568

5,000

17,000

8,000

34,000

95,000

9,000

5,000

21,000

1,000

469,000

173,000249,000190,00020,00023,00013,000

115,0003,000

116,000

62,00020,000

1,000

23,000

161,0004,0003,000

293,00011,000

Bid. Ask. 102 10480 85

2,000

80,000985,000

2,700,000688,000

89,0003,000

9295%

71% Sale81 Sale10431 Sale78 Sale 7581% 82%71% 74 101

5,0001

1,0002,000

6,000

9992% 10284 85%8331 9194 92%917 9290

13,0001

55,000,

910,000,743,000,

1,320,00024,000

25,000.

22,00044,000

9599

98% 99%94% 9793% 94%94% 9034 95%7234 Sale83 7834 Sale873 Sale60 Sale56 Sale84% 8967% 7480 9180% 82%88% 90% 69

10,00013,000

3,0002,000

20,000

63 91% 9390 90%

80 94473( 51100 100%97 99%85% 97 6692% 10261

1,000

9,000

113,000

95% 91% 10090% 91% 9382% 8658 6485% 95 75

81% 84%85% 9070% Sale83% 91841 8652 75

2,000

2,000

81,000

84 87%80% 8769 80641% 7387% 96% 50

3,000

807,000

445,000448,00059,00047,00024,00024,000

309,000

12,000

7441 ,A24

1966 71%

77% 85% 8584% Sale 84%88% Sale80% Sale102 Sale78% Sale100% Sale93 94%84X Sale92% Sale83% 86

81%

241,000

155,00037,000

84% Sale

90% 9182% 83

98%

88%

359,000

2,000

70%

75%6586%

71% 7574% 50 Sale 9263 65

156,00010,000

8234 Sale9194 94 95

81% 31,000 7,000 50 Sale27,000 35,000 54 63 I I 6694 763430,000 114,000 663.4 78343.000 10,000 6834 7134

Bid. Ask. 101 10489 8584 89%88% 92

70 70.%7931 Sale103 Sale73 73%

80 81%70 Sale87 10189 929234 10284% 84% 92 93%93% 9490 91

90%

99 99%94% 9793 93%95 9034 72% 74%83 77 Sale84% Sale58% Sale56% 56%81% 8264 80 91783% 8087% 91% 67 57%

Sale Prices.

80 Jan. 30

8894 Jan. 14

6934 Jan. 2979 Jan. 301023% Jan. 307234 Jan. 30

80 Jan. 3070 Jan. 16

85% Jan. 7

9131 Jan. 1293 Jan. 9

98% Jan. 5

9334 Jan. 21

7134 Jan. 28

76 Jan. 108434 Jan. 285734 'Jan. 3056 Jan. 2

6794 Jan. 22

80 Jan. 21)87% Jan. 9

61 91 93 I 8834 8934 8934 Jan. 21

8034 94 4731 51 09 9934 9934 Jan. 200731 8531 97 66 92% 102 61 05% 9194 100 95 Jan. 790% 91% 93 82% 86 60 62 60 Jan. 2685% 95 75

82% 83%85% 91

8705k' 972184 54%51 52%8134

82 84%80% 83 793%08 7087% 9634

7444

66

46%3434197191

83 8534 8582 Sale 8486 86%7434 74%10131 Sale77% 78%100 10192% 92%82% Sale91% 93%79% 81

81%

82% Sale

89 Sale80 84

98%

88% 75% 85

70%

81% Jan. 3

70% Jan. 2

83% Jan. 9

8334 Jan. 21

70 Jan. 16

44% Jan. 5

66 Jan. 9

8134 Jan, 28

86 Jan. 26749-4 Jan. 3010134 Jan. 307731 Jan. 29100 Jan. 299231 Jan. 2382 Jan. 279194 Jan. 19

8231 Jan. 31

883% Jan. 3080 Jan. 10

88% Jan. 9

Highest.

Sale Prices.

80 Jan. 30

88% Jan. 14

73 Jan. 1081% Jan. 6106 Jan. 378 Jan. 3

82% Jan. 370 Jan. 16

Lowest.

Rale Prices9934 Nov. 21

8734 Oct. 159151 June 2794 Apr. 295% May 8

67% Dec. 377% Dec. 598% Dec. 37251 Aug. 22

81 Nov. 137051 Dec. 16

8531 Jan. 7 8436 Dec. 16

93% Jan. 793 Jan. 9

92 Dec. 159134 Nov. 2294 Mar. 2887% Dec. 3

98% Jan. 5

9334 Jan. 28

7336 Jan. 30

79% Jan. 587% Jan. 361% Jan. 358 Jan. 20

6794 Jan. 22

805% Jan. 178831 Jan. 6

9934 Aug. 219534 Nov. 13921 Aug. 29975 July 1192 June 1971 Dec. 1985 July 1074% Dec. 384 Dec. 1759% Dec. 255 Dec. 59034 July 216734 Dec. 189278 July 182 Dec. 2986 Dec. 170 Oct. 6

9094 Jan. 17

100 Jan. 12

88 Oct. 30234 Dec. 158931 Dec. 29

92 July 1052 Jan. 20100 Dec. 22973% Dec. 15

65 Aug. 269294 Nov. 2469 June 5

95 Jan. 7 91 Nov. 3

96 Feb. 15

60 Jan. 28 58 Dec. 31

Highest.

Sale Prices1003% Feb. 28

9234 June 2793 July 99434 Apr. 2396 Jan. 30

79% June 387% June 2115 June 283 Jan. 1

sag Feb. 1080 Mar. 27

92% Mar. •983% Mar. 194% May 2394 Mar. V .87% Dec. 3

9934 Aug. 21953.4 Nov. 1899 May 279794 July 1193 Jan. 24803% Feb. 2685 July 108394 Jan. 1496% Jan. 689 May 2088% June 691% May 17434 Jan. 1393 Jan. 98831 June lb973-4 Jan. 1074 Apr. 21

68 Oct. 397 Mar. 1497 Mar. 13

9551 Jan. 3052 Jan. 20101 Jan. 9100 Dec. 23

65 Aug. 269591 July 2871 Apr. 4

963-4 July 24

98 July S

71 May 21

82 Jan. 5

73% Jan. 3

85 Jan. 15

7534 Apr. 29

8194 Dec. 1993 June 669 Aug. 2692 June 188236 Dec. 20

8434 Jan. 211 83 Oct. 23 I 83 Oct. 2070 Jan. 16 70 Oct. 17 7034 Aug. 25 ' 8736 Dec. 36 Feb. 10 1 7494 Dec. 24634 Jan. 17 4251 Dec. 31

66 Jan. 9

85% Jan. 5

83 Dec.-29

8094 Nov. 12

823-1 Dec.-18

753.4 Apr. 29

9134 Jan. 1798% Feb. 577 Jan. 2092 June 1893 June 0

92 Apr. 2387 Jan. 1773 July 2175% May 992 Aug. 1536 Feb. 1776 Nov. 1256 June 4

69 Dec. 31

809.4 Nov. 12

89% Jan. 9

8834 Jan., 3 82 Aug. 1881 Jan. 5 743-4 Dec. 5103 Jan. 5 10131 Dec. 581 Jan. 6 769-4 Sept. 22101 Jan. 26 903 Dec. 2393 .fan. 5 92 Dec. 1885 Jan. 7 7734 Dec. 39294 Jan. 2 93 Sept. 29

78% Dec. 5

85% Jan. 6

91 Jan. 383 Jan. 5

35 May 228231 Dec. 10

8736 Aug. 2679 Nov. 18

88% Jan. 9

9734 July 157091 Nov. 258851 Feb. 17

70 72 70 Jan. 28 72 Jan. 1978 503% Sale 50 Jan. 29 52 Jan. 3 93 92 Jan. 8 92 Jan. 763 6534 63 Jan. 22 63 Jan. 2225 81 8234 8134 Jan. 30 88 Jan. 2790 92 91 Jan. 24 9294 Jan. 792 95 81% 5()94 Sale 50 Jan. 9 51 Jan. 752% 5431 53 Jan. 20 5494 Jan. 866% 76% 6731 687's1 68 Jan. 23 71 Jan. 363% 70

67 Feb. 2572 Oct. 107294 July 22

4731 Dec. 1992 Oct. 163 Dee. 31

7994 Dec. 1292 Dec. 10

8934 Jan. 1083 Jan. 2106 Jan. 2086 Jan. 310134 Feb. 119834 Jan. 2188 Jan. 998 June 3

8031 Dec. 1235 May 2294% Jan. 3

9834 Jan. 3089 Jan. 7

9734 July 187031 Nov. 258831 Feb. 1/

67 Feb. 237434 Oct. 287534 Mar. 12

03 May 23100 Mar. 463 Dec. 31

86% Jan. 196 July 8

4994 Dec. 2452 Dec. 26734 Nov. 198391 Dec. 1667 Dec. 17

-64--85% May 776 June 6,80 Jan 277 .Tuns 4


FEB., 1920.] BONDS-STOCK EXCHANGE RECORD 27


Int.Per-iod.

•Sales inJanuary1920.


PRICES IN JANUARY.

Jan. 2. Jan. 31. Lowest. Highest:

Street Railway BondsBrooklyn Rap Trans g 55_ _1945

1st refund cony g 45____20028-yr secured notes 75..„1921

Trust Co ctfs depositDo stamped

Bklyn City 1st con 58 '16-'41Bklyn Co & S gu g 59'16-'41Bklyn Q Co & 8 lot 58_1941Bklyn Un El 1st g 4-58_1950Stamped guaranteed_1950

Kings Co El 1st g 48___1949Stamped guaranteed_1949

Nassau Elec guar gold 40 1951Chicago Rys--lst 55 1927Conn Ry & Lt-lst g 4%8_1951Stamped guar 430 1951

Det United 1st cons g 4%0_1932Ft Smith Lt & Tr 1st g 58..1936Hudson & Manhat ser A 58 1957Adjust Income 58 1957 N Y & Jersey lst 50...._ _1932

Inter-Metroo coil 4348_ _ _ _1956Trust Co certfs of deposit_

Interboro R T lst & ref 50_1966Manhat Ry (NY) con g 48..1990Stamped tax exempt 2d 48 2013

Manila Elec lot & coil 58_ _1953Met St-B'y & 7th Av 55_1943Col & 9th Av 1st gu g 58..1993Lox Av & P F lot gu g 58 1993

Met W S Elev Chic lot 40_1938Milw El Ity & Lt C01:113 50_1926Refunding & ext 430_1931General & refund 58._ _ _1951

Mont Tram 1st & ref A 58_1941N Orl Ry & Lt gen 430_ _ _1935N Y Munlc Ry lat A 58_ _1966New York Rys 1st & ref 40_1942Trust Co certfs of deposit..Adjustment income 50_1942Trust Co certfs of deposit_

N Y State Rys 1st cons 4%8 '62

Portland Ry 1st dc ref 58_1030Port Ry L & P cony 58_1942St Jos Ry L H & P 1st g 58_1937St Paul C Cable cons g 58_1937Third Ave 1st ref 48 1960Adjustment Income 58_1960

Third Ave RR 1st gold 58_1937Tr-City Ry & Lt lot of 58_1923Undergr'd of London 4%0_1938Income 68 1948

Un Rys Inv-58 FM8188_1926United Rys St L 1st g 46..1934St Louis Tran gu imp 58_1924

United RRs San Fr s f 4,3_1927Union Trust (N ctf dep.. Equitable Tr (N Y) inter ctf_

Virginia Ry & Pow 1st 58_1934

Gas & Electric Light CosBklyn Un Gas Co lst c g 58 1945Buffalo City Gas 1st 58......1947Cinc Gas de El 1st & ref 58_1956Columbia Gas & El 1st 58_1927Stamped

Consolidated Gas cony 68_1920Convertible 5-year 7s

Cons Gas E L & P of Bait 5-yearcony 58 1921

Detroit City Gas Co g 5s_ _1923Detroit Edison Co 1st 58_1933

1st & ref 50 Series A_ _ _ _1940Eq Gas L Co N Y con g 50_1932Gas & El Co of Bergen Co 58 '49Havana Elec Ry cons g 58_1952Hudson Co Gas lot g 58.._ _1949Kansas City (Mo) Gas 58.._1922Kings Co EL&Pg 58_ _ _1037Purchase money 68 1997Convertible deb Os 1925Ed El Ill Eke 1st con g 481939

Lac Gas L Ref & ext 1st 581934Milwaukee Gots Lt 1st 48_1927Newark Cons Gas cons 58 g1948N Y Gas El Lt H & P 58_1948Porch money coil tr g 48_1949Eli El Ill 1st cons g 50_ _1905Y & Q El L & P lst c g 581930

Pacific Gas & Elec-Cal G & ECorp unifying & ref 5s_..1937

Pacific G & E gen & ref 58_1942Pacific Pow (ic Lt lot & ref 50 '30Paterson & Passaic G&E58.1049People's Gas & C-lot 68.._1943Refunding fold 50 1947Ch Gas L & C lot gu g 5s 1937Consum Gas Ch lot gu g 58'36Ind Nat Gas & Oil ref 58.1936Mut Fuel Gas lot gu g 55 1947

Phila Co Cony deb 50 g _1922Stand Gas & El cony s f 68_1926Syracuse Ltg Co lot g 50...1951Syracuse Lt & Pow f 50_ _1954Trenton Gas & Elec lot 58_1949Union El L & P 1st g 5L....1932Refunding 55 1933

United Fuel Gas 1st of 68_1936Utah Power & Lt 1st 58......1944Utica Elec L & P lst s f 50 g1950Utica G & El ref & ext 5s 1957Westchester Light gold 58_1950

Miscellaneous BondsAdams Express coll tr g 48..1948Alaska Gold M deb (30 A....192510-year cony 6s Ser B 1926

Am Steamship of W Va 1st 50'20Armour&Co lot real est 4%s '39Booth Fisheries deb s f 68..1926Braden Copper coil tr s f Os 1931Bush Terminal lot 40 1952Consol 50 1955Buildings 58 gu tax ex_ _1960

ChC & ConnRys coil 5sJan1927Chic Un Rat lot gu A 4%8.1903

A -0J - JJ - J

J - J M-N J - J F - AF - AF - AF - A J - JF - AJ - J J - J J - JM- SF - A

F - A A - 0

J - JA - 0A- 0J - D M- S J - DM- S M- S F - A F - A J - JJ - D J - J J - J J - J J - J

A - 0

M- N

M-NF - A M- N J - JJ - JA -J -JA -J -J J - J M-NJ -J A - 0 A -

- J

M-NA - 0 A -0 J - JJ -Q - FQ -M- N J - J J - JM- SM- S J -D F - AM-N A - 0 A - 0 A -0 M- S J - JA -0M-N J - D J - DF - AJ - J F - A

M- NJ - JF - A M- S A - 0 M- SJ - JJ - D M-N M- N M-NJ -DJ -D J - J M- S M- S M - N J - J F - AJ - J J - J J - D

M-M- SM-M- N J -DA -F - AA -- J

A -A -J - J

13,000,3,000

92,000 223,000

81,000

18,0009,0003,000

16,00012,000

48,0002,000

341,000404,000

1,386,000 359,000

2,404,00044,00044,000

25,000

1,000

70,00088,000,248,000105,000,8,000

2,000

1,000135,000:134,000'20,00017,000

65,000

10,000142,00063,000

8,000

7,000

162,000107,000

11,00031,000

17,000

1,0001,000

87,00074,000

70,000101,000

3,0005,000

76,0004,000

87,000

17,0004,000

150,000

32,0005,00019,00012,000

83,000

135,00068,000

1,657,000548,000317,000

10,000 409,000

9,00015,000

39,00075,000

65,000

904,000945,000

6,694,0002,878,00015,710,000

187,000136,000

91,000

7,000

2,000

335,000320,000705,000843,00090,000

1,000 5,000

449,0001,317,000

6;0001,000

1,000

1,000165,000240,00014,000

692,000

8,0008,000 22,000

1,000

2,0002,000

2,00011,00011,000

205,000218,000

70,000141,000

9,000

54,00010,000

2,000

29,000

33,00076,00028,000

487,000

78,0005,00010,00025,000

170,000

Bid. Ask.

33 34%26 3044 Bale43 Sale40% Sale

65 67 70

60% 6560% 6434 49 50 57 26 Sale64 65 70

60 8068 Sale

59 Sale16% Sale

70 9017 Sale16% Sale57 Sale59 Sale,59% 60%

40 55%

46% 53 46 53% 48%

96 75% 81%

75 68 50 28 Sale28 30%5% Sale6 7%50 Sale

6866

78 80 82

49 Sale28% Sale83 Sale91 Sale

65 96H55 75 53% 55 25% 2925H 2625% 253

73

60 79%

84% 93% 85 89 82 87%

99% Sale

97 96%

95 89

94

81 87

94K 83

99%99%

i8K so 8134 8387 87% 86 82 Sale62% Sale

81 89

90% Sale8034 81% 88%

88 90 59 59%

75 85

87% Sale88 92

84%

72% 88% 97% 97 82% 83%

95% 86% 90

58% Sale15% Sale13 16

97% 8334 Sale

95%90% 9275% 79%78 Sale80% 81%

40% 82% Sale

Bid. Ask.

30 3726 2945% 48%42 44%37 Sale69 77

70

62 676431

55 Sale57

26 2865 71

69% 60 80 67 68 68573j Sale15H Sale70 90 17 Sale16% Sale50% Sale5631 Sale56 5942% 55%

46% 5047% 45%

95 76 77

80% 68 50

8 Sale25 30%7 Sale6 7%51 55%

61 723465% 78 80

48 4829 Sale84 88

9360 96 50 72% Sale

53% 55

28K 3324K 26%24K 27%

67

73 Sale

84% 90 87% 8982 87% 100 Sale

99% Sale

97 96%

9587% 89%

94

85% 89

90% 83 85 91% 983

9980

82 8687 86

811% Sale63% 64

90 81 89

80 88%81% 81%81% 86

89 63 6771% 85

.87% 8887 9081%

72% 9097%97

83% 8495% 82 88%82 90

55 6015% 2013 .17%971 83 84897 95%90% 9477 80%73 8075 79%40% 81% Sale

Sale Prices.

30% Jan. 3025 Jan. 1444 Jan. 243 Jan. 537 Jan. 31

61% Jan. 362 Jan. 3055 Jan. 31

26 Jan. 768% Jan. 9

67 Jan. 2968 Jan. 957 Jan. 28153% Jan. 15

16% Jan. 3153/ Jan. 249% Jan. 31" 5631 Jan. 3156% Jan. 30

46 Jan. 27

77 Jan. 20

28 Jan. 328 Jan. 225% Jan. 26 Jan. 350 Jan. 2

64% Jan. 7

80 Jan 2648 Jan. 3028% Jan. 283 Jan. 1390 Jan. 8

71% Jan. 9

2931 Jan. 1225% Jan. 626 Jan. 5

73 Jan. 7

85 Jan. 26

9031 Jan. 99931 Jan 31

94K Jan. 2187% Jan. 28

84 Jan. 19

% Jan. 298231 Jan. 27,

81%, Jan. 3062% Jan. 20

88% Jan. 2380% Jan. 28

64 Jan. 2280 Jan. 7

87 Jan. 238834 Jan. 23

82% Jan. 5

55% Jan. 3015% Jan. 2

82% Jan. 26

91 Jan. 277931 Jan. 778 Jan. 279% Jan. 26

8131 Jan. 3

Sale Prices.

33% Jan. 2128 Jan. 2250 Jan. 2147 Jan. 2045 Jan. 9

63 Jan. 1463 Jan. 1555 Jan. 31

28 Jan. 2370 Jan. 28

69 Jan. 768 Jan. 960 Jan. 916% Jan. 6

1931 Jan. 2119 Jan. 2157 Jan. 260 Jan. 960% Jan. 6

50 Jan. 9

77 Jan. 20

32 .Tan. 931 Jan. 97% Jan. 217% Jan. 852% Jan. 23

64% Jan. 8

80 Jan. 265131 Jan, 1230 Jan. 2184 Jan. 1692 Jan. 9

75% Jan. 10

29% .Tan. 1229 Jan. 2028% Jan. 13

73 Jan. 7

85 Jan. 26

100 Jan. 23100% Jan. 21

95 Jan. 2690 Jan. 14

85% Jan. 28

7531 Jan. 2982% Jan. 27

85% Jan. 1264 Jan. 8

9031 .Tan. 283 Jan. 14

64 Jan. 2280 Jan. 7,

89 Jan. 991 Jan. 26

8531 Jan. 12

58% Jan. 216 Jan. 29

83% Jan. 3

917/Jan. 2179% Jan. 882 Jan. 1382% Jan. 7

83 Jan. 10

RANGE FOR YEAR 1919.

Lowest. Highest.

Sale Prices.

30 Dec. 125 Dec. 339 Nov. 2937 Dec. 133 Dec. 170 Oct. 10

40 Dec. 245931 Dec. 2663 Dec. 449 Dec. 3162 Jan. 1822% Dec. 1763 Dec. 2670% Sept. 1177 July 767 Dec. 27

52 - Nov. 1411% Dec. 690 Apr. 2814% Dec. 113 Nov. 254334 Nov. 2954% Dec. 3'55 Dec. 260 May 375 Oct. 2445% Dec. 1058 Aug. 115731 Sept. 30

96 Sept. 29

Sale Prices.

76 Jan. 153 Feb. 1986 Feb. 2479 May 1978% June 870 Oct. 19

4031 Dec. 267931 Mar. 2079% Mar. 2168 Apr.62 Jan. 1855 June 1081 Jan. 1388 Feb. 1477 July V8134 Mar. 27

65 May 51931 June 259031 Mar. 2843% Jan.4131 June 975 June 2172 Feb. 874 Jan. 2760 May 877 Mar. 672 June 1468 Jan. 1074 Jan. 2

96 Sept. 29

78 Nov. 2661 Apr. 1655 Jan. 2127 Dec. 2925K Dec. 30431 Dec. 31434, Dec. 3048% Dec. 19

75 Dec. 455 Dec. 1

46 Dec. 125 Mar. 2683 Dec. 180131 Nov. 2973 May 1960 Dec. 970 June 194631 July 24

22 Jan. 2822 Jan. 1822 Jan. 770 Dec. 24

85 Oct. 9

93 July 1082 Jan. 2982 Jan.. 2498% Dec. 1

96% May 59431 July 3194 July 2988% Sept. 22

84 Nov. 2090 May 1292% May 284% Dec. 1795 Oct. 2090 Jan. 275 Dec. 2480 Dec. 1587 Oct. 14

80K Dec. 359 Dec. 592K Nov. 12

88 Dec. 1580% Dec. 3182 Apr. 12

97 Aug. 2562 Dec. 1079% Sept. 26

75 May 178531 Dec. 1787% Dec. 20

73 Dec. 24

883,( Oct. 2182 July 2394 Apr. 2281% Dec. 5

87 Nov. 2285 Oct. 10

65 Sept. 2212% Dec. 3012 Dec. 19

81 Dec. 16

89H Dec. 1777 Oct. 1575 Dec. 187531 Dec. 5

79 Oct. 481 Apr. 1863 Feb. 2546% June45 June 1816% June16% June62 Jan. 0

75% Oct. 26531 Aug. 22

5931 July 84234 May 2993% Oct. 897 Feb. 2773 May 1978 Mar. 1178 Nov. 155 July 8

3031 June 80383j July 13031 June 8079 Jan. 18

95 Jan. 2

93 July 1090% Oct. 99031 July 3010531 July 18

99 Apr. 99631 July 249631 Mar. 2894 Jan. 31

87 Sept. 1791 Sept. 992% May94 Feb. 21105 Feb. V98 Apr. 884 Feb. 197 Jan. 1589 June 28

94 Jan.80701Jan. 14100 Jan. 92

9831 Feb. 888 Jan. 888 Jan. 22

101 Jan. 217731 Mar. 1988 July 18

78 May f94 May 99631 Apr. 28

7431 Sept. 18

92 Jan. 2382 July 2898 Feb. 1890 June 5

90 Feb. 2192 Jan. 18

0731 May 2435 Jan. 2434 Jan. 18

8854 Jan. 14

97 MU83 Mar. 2085% Jan. I83 July 111

7834 Dec. 6 89 Jan. 8


28 BONDS-STOCK EXCHANGE RECORD [VOL. 110


int.Per-iod.


Chile Copper cony 75 1923Coll trust 65 ser A sub recta_ _Coll trust 6s cony ser A..1932

Computing-Tab-Rec s f 68_1941Granby Con MS & P 1st 6E31928Stamped 1928

Great Falls Pow 1st s f 55.. _1940

Int Mere Marine 1st s f 68_1941Montana Pow 1st & ref s f 5$ AMortgage Bond 4s Ser 2_ 196610-20-year 58 Series 3.._ _1932

Morris & Co 1st s f 4348 1939N Y Dock 50-year gold 48_1951Niag Falls Power 1st 58_1932Refunding & gen 68_Jan 1932

Niag Lock & Out Pow 1E4581954North States Power 59 A 1941Ontario Pow N F 1st 58_1943Ontario Transmission 5EL _1945Pan-Am P&T 1st cony 68 '19-27Prov Loan of N Y g 44E1_1921Pub Ser Cor NJ gen 50-yr 58 '59Sierra & S F Power 1st 58_1949Tennessee Cop 1st cony 68_1925Wash Wat Pow 1st 30-yr 591939W Penn Pow 1st 6s SerC_1958Wilson & Co 1st s f 68 194110-year cony s f 6s 1928

M-NM-NA -J - JM-NM-NM- N

A -J - JA -J - JJ -JF - AJ -jA -M- NA -F - AM - NJ -JM-SA -F - AM-NJ -J

Manufacturing & IndustrialAm Agr Chem 1st oonv 59_1928

Convertible deb 5s 1924Am Cotton 011 deb 5s 1931Am Smeltg & Ref ser A 55_1947Am Tobacco 40-year g 68.._194448 1951

Am Writing Paper s f 7-68 1930Baldwin Loc Wks 1st s f 58.1940Central Leather 20-yr g 59_1925Central Foundry 1st s f 68_1931Conso iTobacco 50-yr g 4s_1951Corn Prod Ref golds? 55_ _1931

1st 25-year f 5s 1934Distillers' S C cony 1st g 58 1927E I du Pont Powder 44s_ _1936General Baking 1st 25-yr 681936General Elec deb g 334s_ _.A942Debenture 58 1952

Ingersoll-Rand 1st Os.. Dec 1035Int Agric Corp 1st & coil tr 58'32Internat Paper cony at g 581935

1st & ref sr cony 58 serA1947Liggett & Myers Tob55 1951

(P) Lorillard Co 7s 19445s 1941

Nat Enam&Stpg 1st 20-yr 59'29Nat Starch 20-year deb 58_1930National Tube 1st Os 1952N Y Air Brake 1st cony 69_1928Pierce 011 5-year cony 6s_ _192010-year cony debeu 6s_ _1924

A -J -D

A -F - AM- NA-0A -F - AJ -J

NA -F - AF - AM- NM - NA -J -DJ -DF - AM- $

J -M-NJ J

Standard Milling let Os_ _1930The Texas Co cony deb 69_1931Union Bag & Paper 1st 5 f 55 '30

StampedUnion 011 of Calif 1st 55___1931S Realty & Inapt deb g 581924

U S Rubber 5-yr sec 7s____19231st dr ref 58 series A.. _ _1947S Smelt Ref & Mg cons- 68 1026

Vs-Car Chem 1st 15-yr 58_1923Cony dabs? Os__ _May 192-1

Western Elec 1st 58 Dec 311922

Coal, Iron and Steel BondsBoth Steel 1st ext s f 5s_. _1926

lit & refund 5s gu ser A_194220-yr pur & m Imp St 5E3_1936

Buff & Susq I s f 58 1032Deb 58 Jan 1926

Cah C M Co 1st gu g 6a___1922Col Fuel & I Co gen s f g 5s1943Col Indus 1st coil tr 59 gu_ _1934Consol Coal Md 40-yr 5s__1950Elk Horn Coal cony 08_ _1925Illinois Steel deben 4348_ _ _1940Indiana Steel 1st 58

9Jefferson & Clear! 2d 5s_ _ _1192562Lackaw Steel 1st cony 5s 1923PP 1st cons 55 Series A

19Midvale St & Ord cony 9159'536°Pocahon Con Coll 1st s f 58 1957Repub I & S sink fund 59_1940St L R Mt & Pac 5s stmp'd 1955Tenn C I & RR gen 58 1951US Steel Corps f g 58_Apr 1963

Registered Apr 1963Victor Fuel 1st s f 58 1953Vs Jr Coal & Coke 1st g 59_1949

Telegraph and TelephoneAm Tel & Tel coil trust 49_1929

Convertible 45 193620-year convert 4 348.. 193330-year coil trust 58 19487-year convertible 68 1925

Cent Dist Tel 1st 30-yr 58_1943Chicago Telephone 1st 58..1923Commercial Cable 1st g 48_2397Cumb T & T Ist & gen 5s 1937Keystone Telephone 1st 58 1935Mich State Telep 1st 20-yr 58'24NY&NJ Telep gen 58_ _ _192NY Tel 1st & gen 5 f 448_193980-ye eideben 6s 1949_ 1949

Pacific T & T 1st 5s 1937South Bell T & T 1st f 58_1941West Un-Coll ^-7.• 5s 1038Funa rea est 4 ;is g 1950Mutual Un ext 55 gu_ 1941W 1'P1 en filed 41.4s g 1934

A -F - AA -F - AJ -DJ -JM-NM-N• -0J - J

M- NJ - JJ -JJ - JJ - JJ - JJ -DJ- JF - AJ -DA -- J

J - J5,1-NJ - JJ -DNI- SJ -DF - AF - AJ -DJ -DA -M-NJ -DA -

SM- SJ -JA -J - J• -JNI- NM NJ JPA- S

J - JMM- S-D

F - AJ -D-D

Q -J - JJ - J- A

M-NM- N- A

J - JJ - JJ - J14-N111-NJ - J

184,000

945,00018,0005,000

486,00088,000

8,00016,0002,000

2,00041,00011,0008,000

71,000

21,000

1F,0,000334,000

73,000,32,000,6,000

330,000

92,000

143,000,12,000

12,00027,000

4,00057,000

64,0003,00013,00044,00018,0007,00012,0005,000

81,00011,000

1,000

5,000136,000

1,209,000119,000865,00069,00078,00063,00066,000

26,000100,000116,000


434,000


Jan. 2. Jan. 31. Lowest.

Bid. Ask.107% 108

1,458,00013,0009,00023,00014,000

978,000172,000

8684969690

Sale88974973491%

94% Sale85% Sale

14,0002,000

68,0001,000

379,000

7,000

8031 8365 6691% 0631 1013486 90%82% 83%83 8575 794135 90 58% Sale 7694% 94%

142,000289,000

55,00016,00029,000

432,000

97% Sale954 Sale

98 Sale98% 983485 89486 Sale119

100,0001,000

138,0002,000

1,00015,000

13,00069,000

7983% Sale100 96% Sale 8375 7734100% 1011004 102% 8804 10089 71% 723493% Sale

16,000 813,g 83%9831

114,00033,00043,00030,0001,000

43,000• 20,000

21,000

3,00046,000

92110 Sale86 87108% Sale88 Sale96% 97493% 924 Sale99 99% 100%1044 104%

92 92%102% 102% 88

89,000,30,000'

956,00053,00065,0004,000

89,000

20,000112,000309,000

Bid. Ask.105 Sale

Bale P-ices.10434 Jan. 31

Highest. Lowest. Highest.


94% 953476% Sale10331 Sale89 Sale105% 10694 94%101 Sale96% 97

96% Sale88 Sale86% Sale87 9234

38,000 12,00056,000 34,000

105,00069,000

87,000101,000292,000

40,0004,00036,000

1,012,0008,000

80 Sale85 • 8003 9693 98 91%

93 Sale84 Sale

84 8774 Sale79% 814

. 110,000354,000

6,000180,000700,000

29,0004,000

40,0001,176,000

1,000

84 Sale9234 9406 93% Sale95% Sale834 Sale80 849534 95%

• 69 730234 Sale97% Sale9434

2,00011 32,000

454,000

22,000568,000677,000

6,000

I

602,000

5080 8534

101,0001,753,000715,000

784 Sale 7581% 82%80% Sale99 Sale96 98933-4100

18,00011 38,000

3,0004,000

362,000248,00023,00036,0009,00027,000

15,0001,000

1,022,000206,000134,00033,00025,00075,000

85 Sale 88

84%66 Sale0234 94 100%76 90%82% 8383% 8572 79

84 85985-4100804 Sale94 Sale86 Sale84 84%80% 848134 81%

9034 65% Sale

91%

98 Sale94 Sale

98% 95% 978631 8984% Sale119 80824 83% 9995% 96 82%75 77%10031 10110031 101% 83%9434 95%90 71%06% Sale

79100

81

8634110 110%88% 89%108% 11085% Sale96% 93% 91 92% 08%

1043-4105

90. 9234103 Sale90

94% 05%78% Sale103 Sale85% Sale103% Sale9431 945494%997 1009-40694 Sale

793-4 Jan. 3086 Jan. 3090 Jan. 26

07 1)7482 85%84 Sale87 0234

9234 Jan. 3084 Jan. 31

84 84%73 Sale73 8094 82 82%92 9306 03% 933,494 9584% Sale82% 01 92568 6989 919731 Sale

50 81 85%

77% 78 69%84% 8582 Sale99% Sale96 97934 95

82 Jan. 1266 Jan. 31923-4 Jan. 1593 Jan. 788 Jan. 148234 Jan. 308234 Jan. 1372 Jan. 27

58% Jan. 2

94% Jan. 5

84% 86 888634 91%984 80 Sale93 Sale87% 87348454 858634 86%79 70% 90

9754 Jan. 2294 Jan. 31

98 Jan. 29634 Jan. 3086 Jan. 1384 Jan. 30

8154 Jan. 21

954 Jan. 3080 Jan. 6

10031 Jan. 29

704 Jan. 8934 Jan. 5

7934 Jan. 30994 Jan. 1984 Jan. 1710834 Jan. 168734 Jan. 2310831 Jan. 288554 Jan. 289734 Jan. 6

02 Jan. 1095 Jan. 3

10431 Jan. 7

934 Jan. 81014 Jan. 5

7634 Jan.102 Jan.85% Jan.103 Jan.94 Jan.100 Jan.96% Jan.

96% Jan.84% Jan.84 Jan.

86 Jan. 288 Jan. 893 Jan. 27

0531 Jan. 585% Jan. 9

Sale Prices.10154 Dec. 28234 Jan. 2375 Dec. 182 Dec. 496 Oct. 195 Apr. 2893 Dec. 17

0234 Dec. 2084 Dec. 22

2303122272831


66 Jan. 17

9531 Jan. 27

98% Jan. 896% Jan. 5

100 Jan. 999% Jan. 989 Jan. 3864 Jan. 5

83% Jan. 5

97% Jan. 781% Jan. 7

8031 Dec. 2465 Dec. 30931 Nov. 22100 Sept. 491 Sept. 1582 Dec. 268434 Nov. 2579 Nov. 2011231 Jan. 3092 Aug. 225431 Dec. 479 May 1291 Jan. 1590 Apr. 129931 July 29943-4 Nov. 2,94 Dec. 1

0691 Nov. 2498 Nov. 1884 Dec. 2784 Dec. 24119 Jan. 17724 Jan. 2183 Dec. 5100 Apr. 269434 Dec. 2278 Apr. 4

10034 Jan. 8

70% Jan. 697 Jan. 30

903.4 Feb. 219954 Jan. 38534 Oct. 4924 Mar. 588 Feb. 2570 Oct. 2293% Dec. 2


784 Jan. 298 Apr. 1t,531 July 11108 Dec. 585 Dec. 3010754 Dec. 2685 Dec. 3095 Apr. 10

9334 Jan. 70931 Jan. 21

10431 Jan. 7

03% Jan. 1310534 Jan. 7

Salo Prices.128 June 1095 July 119431 July 1489 July 2598% Feb. 698 Jan. 2096 July 9

10594 May 2195% Jan. 4

02 Dec. 30084 Nov. 12100 Nov. 1288% Jan. 2

91 July 3110054 Jan. 68134 Aug. 20

82 Jan.10331 Jan.00 Jan.105 Jan.95% Jan.101 Jan.97% Jan.

123210121614

2 973% Jan. 2130 89 Jan. 631 8634 Jan. 3

84 Jan. 873 Jan. 5

824 Jan. 2392 Jan. 30

0334 Jan. 289334 Jan. 2483 Jan. 22

92 Jan. 2770 Jan. 3090 Jan. 26964 Jan. 297 Jan. 5

9334 Jan. 2760 Jan. 1410234 Dec. 683 Nov. 289791 Feb. 110331 Dec. 17093-4 Dec. 319031 Dec. 15

954 Jan. 228491 Dec. 1380 Jan. 209334 July 800 Sept. 12

8534 Jan. 1974 Jan. 13

84 Jan. 2934 Jan. 7

8834 June 472 June 1697 Jan. 2510134 Oct. 2194 Oct. 1691 Jan. 3911 July 2382 Oct. 1155 May 2394 July 2580 Jan. 279 May 1296 June 405 June 2699% Aug. 1101 June 610491 June 5

101 Feb. 191124 May 9894 May 2293 Jan. 31194 Mar. 1280 July 149034 Aug. 1101 Mar. 219834 Aug. 128734 July 25

834 Dec. 107354 Feb. 27824 Aug. 2095 Jan. 218254 Nov. 1201 Dec. 30

9434 Jan. 169934 Jan. 5854 Jan. 8


8234 Jan. 30

7734 Jan. 30

82 Jan. 1480 Jan. 20831 Jan. 2196 Jan. 3

8434 Jan. (1


8234 Jan. 30

80% Jan. 0

85 Jan. 3083% Jan. 709% Jan. 796 Jan. 3

04 Dec. 2486 Jan. 298094 Dec. 178394 Oct. 2802 Dec. 1270 Oct. 1487 Sept. 209431 Dec. 3007 Dec. 170 Mar. 481 Dec. 3

764 Dec. 3177 Jan. 47994 Dec. 1770 Dec. 2407% Dec. 506 Apr.9534 Apr. 5

8531 Jan. 30 853-4 Dec. 22

8534 Jan. 179934 Jan. 2481% Jan. 09694 Jan. 218834 Jan. 148534 Jan. 138634 Jan. 238134 Jan. 5

81 Sept. 1208 Dec. 17834 Dec. 2404 Dec. 268394 Dec. 3084 Dec. 3081 Dec. 2680 Dec. 11

102 Sept. 261004 Mar. 31924 June 694 June 788% July 777 June 24101 Apr. 2

8531 July 1698 Apr. 190 June 191149-4 June 695 May 271134 May 1994 Jan. 298 June 6

99% Feb. 4103 June 19145 May 21112% May 9

95 Feb. 261044 Oct. 27809-4 Apr. 29

9554 Oct. 277834 July 2310454 July 208934 May 2910754 Nov 259834 June 2410554 Oct. 09051 Feb. 27

98 Oct. 1792 June 278934 June 120334 July A0194 Nov 17

92 July le81 July 1490 Feb. 269834 Jan. 318634 Oct. 110834 Mar. 4

9834 July 17107 Nov 391 June 23884 June 496 May 88054 Mar, 2093 June 2510134 Feb. 710151 Feb. 770 Mar. 487% Jan. 4

86 June 1180 May 1491 May 2794 Jan. 1010454 May 29984 Feb. 19634 Feb. 13

94 Mar. 14

924 Feb. 28084 Jan. 13911 Feb. 18101 June 1295 Jan. 1593% Jan. 494 Feb. 2792 Jan. 2

a On the basis of $5 to the I sterling. h On the '19.1111 of fivIr rn trio to one dollar. e 11'tr9t Ing,Alinliint paid. d Full paid. • Fart paid a Optionsale. totealg "wh " 71‘t nri i


FEB., 1920.] STOCKS-STOCK EXCHANGE RECORD 29

STOCKS-PRICES AND SALES FOR JANUARY 1920 AND THE YEAR 1919.In accordance with a rule of the Stock Exchange effective Oct. 13 1913, 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.

STOCKSAl V STOCK EXCH'CIE

ParLan Arbor 100Preferred 100

ktchison Top & SPreferred 100

ktlanta Birm & AU... .100ktlan Coast Line RR. .100Baltimore sic Ohio 100Preferred 100

Brooklyn Rap Transit _100Certificates of deposit..

Buffalo Roch & Pitts_ _100Canada Southern 100Canadian Pacific 10(.Central RR of N J..- -100Chesapeake & Ohio. 100Chicago & Alton 100

Preferred 100Chic & East Ills tr rects___

Preferred trust receipts. ChicGreat West 106

Preferred 100Chic Milw & St Paul. .100

Preferred 100Chicago & North We8t.100

Preferred 100Chic Rock Isl & Pac (new).7% preferred 6% preferred

Chic St P Minn & Om_100Preferred 100

Cloy Cin Chic & Bt L 100Preferred 100

Cleveland & Pittsburgh_50Jolorado & Southern. .1002d preferred 100

Cripple Creek Cent .__100Preferred 100

SALES

InJanuary.

12 Months1919.

Price about'Jan. 21919.


Jan. 2. Jan. 31. Lowest.

Shares.4,800500

29,0115,7003,3002,300

29,1628,21326,03020,600

141100

33,200100

6,600300

1,0002,6002,100

27,30025,00016,7001,700

20,0004,6004,80032561520010050

3,8001003342

. Delaware & Hudson_ _100 6,700Del Lack & Western..-50 1,900Denver & Rio Grande-100 1,500Preferred 100 13,100

Detroit United Hy__ 100 500Duluth S S & Atlantic_ 100 300Preferredi 100 100

Erie 100 22,900First preferred 100 10,200Second preferred 100 3,300

Great Northern pref 100 32,550Iron ore properties 38,000

Gulf Mob & Nor tr 0(8100 300Preferred 100 600

Illinois Central 106 4,250(nterboro Cons Corp v t c 23,800

Preferred 100 18,000Kansas City Southern_100 3,300Preferred 100 2,000

Lake Erie & Western.. ..106 100Preferred 100 400

Lehigh Valley 50 19,800Louisville & Nashville_100 3,100Manhattan Ry guar_..100 3,200Minneap & St L (new)..10u 5,100Minn St P & B B M 100 1,100Preferred 100 700Leased line Ws 100 300

Mo Kansas & Texas. _100 12,000Preferred 100 1,600

Missouri Pacific tr ctts.100 21,200Preferred trust ctts 100 11,675

Morris & Essex 50 133Nulty Chatt & St Louis100 100, Nat'l Rya of Mex 2d pf 100 4,500N Orl Tex & Mex v t c_100 3,800New York Central___ _100 24,000NT Y Chic & St Louls.._100 1,300N Y N H & Hartford_100 34,526N Y Ontario dr West__100 1,800Norfolk Southern 100 100Norfolk & Western_ 100 6,800Pref (adjustment)_ -100 1,100

Northern Pacific 100 29,800Pennsylvania 56 56,362

1 Pere Marq v I r 100 77,800Prior pref v I r 100 2,100

I Preferred v t r 100 3,670I Pitts Cin Chic & St L_.100 200l Pitts Ft W& Chic,pf 100 210

Pitts & W Va int clfs 100 15,550Preferred int ctfs 100 400

Reading Company 50 35,700First preferred 50 1,100Second preferred_ _ _ 50 1,200

St Louis-San F tr ctfe_100 43,320Preferred A tr ctfs 100 1,300

St Louis Southwest... 100500Preferred 100 2,200

Seaboard Air Line 100 2,200Preferred 100 • 900

Southern Pacific Co 100 198,500Southern Railway 10u 27,000

Preferred 100 6,700M & 0 stk trust ctfs_100 58

Texas Pacific 100 41,200Third Avenue 100 2,000Tol St L & W, tr receipts_ 1,300

Preferred tr recta. ..100 100Twin City Rapid Tran.100 1,500Union Pacific 100 45,725Preferred 100 6,450

United Rye Investment100 6,800Preferred 100 21,400

Wabash 100 10,100Preferred A 100 13,800Preferred B 100 200

Weet'n Maryi'd (new)_100 15,800Second preferred 100 2,000

Western Pacific 100 7,000Preferred ..100 3,000

Wheeling & L E Ry___I00 14,400Preferred 100 1,100

Wisconsin Central_ _ _ .100 2,300

Shares. Bid. Ask.8,017 1,600

697,150 9334 Sale105,922 8834 Sale83,146 6 73484,650

802,750 50 Sale108,615 5534 Sale809,848 22 Sale183,425

2,211 65 7234665

492.068 160 Sale1,500 209 230

466,120 5634 Sale7,400 7 10348,900 934 149,100 12,440

135,200 734 8%98,975 23 Sale

1,012,700 3934 Sale590,800 7234 Sale258,383 96 Sale20,155 131 136

760,340 2534 Sale120,270 7954 Sale143,835 66 Bale10,410 76 80342,570 105 12031,700 3434 366,965 6654 72111 80

86,400 I.. 141,300 40 48800 100

Bid. Ask.

84% Sale7834 Sale734 Sale9034 Sale33 Sale47 Sale12% Sale7% Sale 5042 43%130% Sale

56 Sale7% Sale7 15

831 Sale2234 243834 Sale5334 Salex87 Salez 116 Sale27% Sale70% Sale60% 61%58% Sale

45 5163 6865 8022% Sale

Bid. Ask.12% Sale25 Sale83 Sale78% 79%7 Sale89% 89%31% Sale144 Sale1354 Sale9% Sale45% 5041% 50127% Sale

55% Sale8 Sale9 153% 4%5 78 Sale23 • 23%37 Sale52% Sale85 Sale115 12026% Sale69% 70%60 Sale

90 Sale45 4863 68 80

---

084,253 102 11020,388 182 Sale50,150 3 7

823,942 7 Sale4,350 8913,100 3 46,200 5 17

584,413 1734 Bale389,460 2834 Sale40,850 20 22

0711,583 95 Sale1,458,740 31 Sale

13,800 7 106,850 31 38

101,230 96_ 99 %787,740 4 Sale677,890 17 Sale208,400 1834 183419.040 52 5514,900 23( Elide12,900 18 22

398,475 65 Bale43,602 11734 12191.40 81 Bale312,628 11 1223,230 90 943,272 105 1101,000

916,100 5 Bale153,70 83j 834

2,152,325 23 Bale225,510 6334 Bale

477 791,920 110 120

126,750 7 83488,862 31 32768,848 76 Bale28,401 28 2934

1,290,107 3134 Bale72.550 20 Bale16,782 18 Sale

200,160 10734 Bale5,800 72 73

655,891 944 Bale1,030,245 4534 Bale1,117,800 13 Bale

88,450 13.000

93% Sale187 1966 913% Sale100 Sale4% Sale6 1013 Sale .19% Sale14 14%80 Sale3834 Sale6% 830% 3488% Sale4 Sale13 Sale1534 Sale4634 Sale

41% Sale111 Salez47 Sale12% Sale

9% Sale12 1426 Sale42 Sale71

46 Salez69 Sale28% 29%27% Sale17 Sale

99 Sale66q 7280 Sale40 Sale3134 Sale

20,000 48 5835

719,99 3834 Bale18,300 80 82

2,655,065 8234 Bale15,803 35 383417,070 37 Bale

1,183,832 1334 Bale39,800 23 2548.700 16 223460,600 3034 Bale91,810 834 963,200 1734 Sale

7,356,380 102 Sale1,108,900 2934 Sale128,484 70 Sale

58 3,462,500

95,76341,8659,80014,300

1 050,50574,545128,700223,380406.750389,56747,400

484,90030,100102,84733,510

703,31873,09231.800

29% Sale13 14 710 1637 43128q Sale72 Bale7 813 168% Bale32% Sale19% 2111% Sale23 2919 20 628% 917% 19Rs

55 57122 29 Sale77 7876 Sale33% 3634 3818% Sale25 Sale14 Sale24% Sale7% Sale


41% Sale12% Sale

30 32124 Sale6634 6811% Sale26% Sale8% Sale23% Sale

93 95172% Sale7 912% Sale 1013% 46 912% Sale20% Sale14 Sale178% Sale38% Sale8 Sale30 32%88% 903% Sale11% Sale15% 16145 4710 13%15% 17%43% Sale1106 10843 Salo13% Sale71 7391 9650 609 Sale13% Sale25% Sale41% Sale70% 76

5% 5%41 42%69% Sale29 Sale27% Sale17 18

Sale Prices.7 Jan. 1624 Jan. 30x81% Jan. 3078% Jan. 26% Jan. 288934 Jan. 2631 Jan. 29433-4 Jan. 3011% Jan. 57 Jan. 350 Jan. 643% Jan. 712734 Jan. 28175 Jan. 285434 Jan. 297% Jan. 2

96% Sale67 71%78% Sale42% Sale29% Sale66 Sale

50 6012234 1312834 Sale78 79%175% Sale34 3534% 3519 Sale24% 26%13 Sale25 Sale7% 7%14 15100% Sale21% Sale55 Sale

36% Sale

Highest.

Sale Prices.1234 Jan. 3125 Jan. 2785% Jan. 682 Jan. 37% Jan. 393 Jan. 733% Jan. 349 Jan. 121434 Jan. 2110 Jan. 2450 Jan. 643% Jan. 7134 Jan. 3175 Jan. 2856% Jan. 58 Jan. 27

Lowest.

49/3 Jan. 10 6 Jan. 38 Jan . 27 9 Jan. 32334 Jan. 27 25 Jan. 53534 Jan. 15 3834 Jan. 25034 Jan. 14 54% Jan. 58334 Jan. 30 8734 Jan. 5x116 Jan. 2 120 Jan. 62534 Jan. 29 2834 Jan. 36934 Jan. 17 72 Jan. 55934 Jan. 24 6134 Jan. 55834 Jan. 2 6034 Jan. 890 Jan. 14 91 Jan. 3145 Jan. 27 45% Jan. 1665 Jan. 12 65 Jan. 12a65 Jan. 3 a65 Jan. 321 Jan. 14 2334 Jan. 3043 Jan. 16 43 Jan. 16a 5 Jan. 9a 5 Jan. 0a15 Jan. 9a15 Jan. 9

11% Sale20 2534 38123 Sale66/ 6811 12%28 • 298 Sale22% Sale

11% Sale18 Sale24% Sale59 Sale13% Sale18% 19%20 Sale

111 Sale17 Sale23 Sale57 6011% Sale

Sale Prices.1 Apr. 2215 Oct. 318034 Dec. 127634 Dec. 196 Mar. 318734 Dec. 292834 Dec. 153834 Dec. 1610 Dec. 275 Dec. 2750 Dec. 1842 Dec. 2212634 Dec. 11170 Sept. 235134 Dec. 167% Jan. 1310% May 93 Dec. 243% Dec. 177% Jan. 2121 Dec. 13343.4 Dec. 1248% Dec. 1285 Nov. 28116 Dec. 52234 Jan. 2168 Dec. 195534 Aug. 2157 Dec. 3188 Dec. 3132 Feb. 1763 Sept. 116934 June 2719 Dec. 1345 Feb. 41% Dec. 2315 Dec. 19

Highess.

Sale Prices1334 Nov. 1824% Dec. 26104 May 2789 Jan. 4153.4 July 24107 May 2955 May 27&934 May 273334 July 232834 July 23

a723.4 Feb. 2048 May 2517034 July 10213 Aug. 1968% May 2612% May 151734 July 171334 July 231734 July 2412 July 1730% May 195234 July 1776 July 17103 May 28133 Jan. 173234 July 1784 June 678 July 1782 Jan. 7107 July 175434 June 674 July 126934 June 2731% May 651% May 2920 Apr. 915 Dec. 19

9334 Jan. 14 96 Jan. 5 9134 Dec. 1 116 May 29172% Jan. 31 191 Jan. 31 17234 Mar. 18 217 May 77 Jan: 26 9 Jan. 3 334 Apr. 7 1634 July 1412% Jan. 17 1334 Jan. 5 63-4 Feb. 3 24 July 14100 Jan. 2 101 Jan. 12 80 F, b. 24 105 May 134 Jan. 3 4% Jan. 2 234 Dec. 12 634 July 15734 Jan. 13 734 Jan. 13 55% Apr. 8 11%J ly 211234 Jan. 30 1334 Jan. 5 1234 Dec. 30 2034 May 1919 Jan. 16 2134 Jan. 5 1834 Dec. 30 33 July 171334 Jan. 26 15 Jan. 3 1334 Dec. lb 23 July 17177 Jan. 16 8134 Jan. 5 7534 Dec. 12 100 May 2737% Jan. 24 41 Jan. 3 31% Jan. 2 52 July 107 Jan. 24 8 Jan. 31 7 Sept. 20 1234 July 2828 Jan. 24 30 Jan. 22 30 Dec. 15 4034 July 1888 Jan. 29 905 Jan. 3 85% Dec. 30 104 May 293% Jan. 6 4 Jan. 7 33.4 Mar. 28 93.4 May 21134 Jan. 30 13 Jan. 21 10 Dec. 23 8134 May 12155-4 Jan. 21 16% Jan. 6 13 Nov. 28 2534 May 194354 Jan. 9 4754 Jan. 2 40 Dec. 13 67 May 2010 Jan. 27 10 Jan. 27 7 Feb. 26 14 July 211634 Jan. 14 19% Jan. 0 13 Dec. 16 25 May 19413. Jan. 2 4434 Jan. 8 4034 Dec. 30 6034 May 2j10534 Jan. 23 11234 Jan. 5 104% Aug. 18 13234 May 1743 Jan. 31 48 Jan. 7 3734 Dec. 23 88 Jan. 2812% Jan. 30 14 Jan. 5 9% Jan. 21 24 July 177034 Jan. 23 7434 Jan. 5 70 Dec. 16 98t May 2990 Jan. 22 91% Jan. 15 90 Dec. 10 109 May 1655 Jan. 12 60 Jan. 15 50 Dec. 31 60% July 248% Jan. 15 9% Jan. 3 434 Feb. 10 16% July 2212 Jan. 17 14 Jan. 3 854 Jan. 13 2534 July 1824 Jan. 24 26% Jan. 5 2234 Nov. 29 3834 July 93934 Jan. 29 43 Jan. 5 3734 Dec. 15 6834 June 7a71 Jan. 17o72 Jan. 8 7134 Jan. 21 72 May 1511134 Jan. 14 11134 Jan. 14 111 Nov. 17 11934 May 215% Jan. 29 6% Jan. 8 434 Dec. 29 14 Mar. 1040 Jan. 14 46 Jan. 2 28 Apr. 10 50 Sept. 246834 Jan. 17 70% Jan. 5 66 Dec. 12 83 June 6

54,27 Jan. 16 30 Jan. 6 23 Sept. 24 33 July 10/

2534 Jan. 29 27% Jan. 5 25% Dec. 12 40 July 1716% Jan. 10 17% Jan. 30 1634 Nov. 28 2434 July 1712 Jan. 12 12 Jan. 12 9 Dec. 17 20 May 299534 Jan. 30 99 Jan. 3 95 Dec. 1 11234 May 196634 Jan. 6 72 Jan. 13 663-4 Dec. 30 76, July 277% Jan. 28 8134 Jan. 5 77 Dec. 12 912% May 274034 Jan. 2 42% Jan. 31 3934 Dec. 16 4534 May 192834 Jan. 16 315-4 Jan. 3 1234 Jan. 21 3334 Dec. 2665 Jan. 7 66% Jan. 16 56 Mar. 27 70 Dec. 2649 Jan. 0 51 Jan. 5 39 Apr. 7 5334 Dec. 2757 Jan. 5 60 Jan. 0 44 Apr. 29 72 Sept. 18125 Jan. 10 125% Jan. 10 a124 Dec. 18 a135 May 152734 Jan. 9 2034 Jan. 10 24 Dec. 16 4494 June 978 Jan. 17 7934 Jan. 7 75 Dec. 20 8454 June 7^7454 Jan. 29 7794 Jan. 3 7334 Dec. 12 9334 June a339/3 Jan. 6 36 Jan. 13 33 Dec. 13 3834 Feb. 43454 Jan. 6 3534 Jan. 13 333A Dec. 23 3914 May 171634 Jan. 15 1934 Jan. 20 10% Jan. 21 27 July 152334 Jan. 14 27 Jan. 19 20 Dec. 1 37 May 21234 Jan. 20 14 Jan. 2 1034 Dec. 18 2334 June 923 Jan. 13 2534 Jan. 20 23 Dec. 31 3734 Arne 107 Jan. 5 73-4 Jan. 28 6% Dec. 27 12 July 2314 Jan. 29 15% Jan. 5 12 Dec. 19 2334 July 1799 Jan. 29 10534 Jan. 3 9134 Nov. 29 118 June 221 Jan. 8 23 Jan. 3 20 Dec. 12 33 May 1954 Jan. 29 5634 Jan. 5 52j Dec. 12 7234 May 27a5154 Jan. 5 451% Jan. 5 a50 Dec. 24a50 Dec. 2434 Jan. 15 43% Jan. 3 27% Jan. 21 70 July 212% Jan. 2 14% Jan. 7 11 Dec. 17 25 July 2311% Jan. 24 11% Jan. 3 5 May

1 la

ju Ly 29

24 Jan. 3 24 Jan. 3 10 Mar. 4 25 July 2530 Jan. 15 35 Jan. 26 2934 Dec. 30 60 June 3121% Jan. 22 124% Jan. 3 120% Dec. 12 118154 May 296634 Jan. 27 62% Jan. 3 63 Dec. 11 7434 Mar. 51134 Jan. 7 12% Jan. 10 7% Jan. 9 15 July 1255% Jan. 5 29% Jan. 27 15 Jan. 13 3434 July 1734 Jan. 15 89-4 Jan. 2 734 Dec. 15 1334 July 2322 Jan. 28 2434 Jan. 5 2034 Dec. 16 38 May 191554 Jan. 6 1534 Jan. 6 14 Dec. 13 2534 July 91034 Jan. 30 1134 Jan. 19 9% Apr. 21 1434 July 1717 Jan. 31 20 Jan. 19 16 Dec. 16 3034 July 11233% Jan. 31 25% Jan. 5 17 Feb. 3 26 July 1459 Jan. 2 64 Jan. 7 5254 Feb. 20 6154 Jan. 91134 Jan. 16 14 Jan. 5 7% Mar. 5 180 Sept. 2417 Jan. 16 1834 Jan. 6 17 Jan. 30 28 Sept. 2328 Jan. 14 325% Jan. 20 25 Dee. 30 41 4 May le26 32


30 STOCKS-STOCK EXCHANGE RECORD [VOL. 110.

STOCKSN V STOCK EXCH'CIE

SALES

InJanuary.

12 Months1919.

Par. Shares.Industrial and MiscelianAdams Express 10u 2,100Advance Rumely 100 9,200Preferred 100 2,700

Ajax Rubber Inc 50 10,200Alaska Gold Mines_ lu 10,100Alaska Juneau Gold M. 10 14,200Allis Chalmers Mfg 100 116,700Preferred 100 3,600

Amer Agricul Chem_ _100 7,300Preferred 100 1,300

Amer Bank Note 50 800Preferred 50 600

American Beet Sugar_ _100 11,800Preferred 100 200

Am Bosch Magneto no par 24,100Rights 21,400

A m Brake Shoe & Fdry 100 200Preferred 100 100

American Can 100 173,900Preferred 100 3,500

A mer Car dr Foundry 100 47,100Preferred 100 1,600

American Cotton 011_100 14,600amer Druggists' Synth _ 10 215,750American Express _ _ _ _100 1,600Amer Hide & Leather 100 25,500Preferred 100 31,900

American Ice (new).... 100Preferred 100 MS

kmer Internal Corp 100 227,300Am La France Fire Eng_10 9,100American Linseed_ _ _ _100 69,100

1Preferred 00 4,200American Locomotive _100 143,900Preferred 100 1,650

Amer Malt & Grain_no par 1,900Am Ship & Comm -no par 70,000Am Smelt Seen pf Ser A100 600Amer Smelt & Refin 100 46,500Preferred 100 3,000

American Snuff 100 1,300Preferred 100 100

Am Steel Foundries ctfs 33Is 80,250Preferred 100 1,200

American Sugar Refin_100 21,400Preferred, new 100 3,000

Am Sumatra Tobacco_100 75,000Preferred 100 600

Amer Teleg & Cable 100 110Amer Teleph & Teleg_ .i00 57,450American Tobacco___ ..100 3,000Preferred, new 100 2,500

Amer Woolen of Mass_100 348,400Preferred 100 2,700

Am Writing Paper, pf_ 100 24,700Amer Zinc, Lead dc Sm. 25 28,500

Preferred 25 1,700Anaconda Copper 50 104,200Assets Realization 10 5,350Associated Dry Goods_100 30,874

let preferred 100 1,0202d preferred 100 2,011

Associated 011 100 3,000All Gulf & WI SS Line_ 100 30,700Preferred 100 2,500

A T Securities Corp_no par 241,850Auto Sales Corp 4,100

Preferred 100Baldwin Locomotive__100 1,352,300Preferred 100 1,800

Barnet Leather____no par 300Barnet Leather pref 100Barrett Co (The) 100 18,000Preferred 100 300

Batopilas Mining 20 2,900Bethlehem Motors _no par 55,500Bethlehem Steel Corp 100 2,800Class B common____100 435,200Preferred 100 400Cum cony 8% pref 100 3,800

Booth Fisheries____no par 19,400Brooklyn Edison, Inc 100 375Bklyn Union Gas 100 1,100Brown Shoe, Inc 100 3,100

Preferred 100 200Brunsw'kTerm&RySec 100 2,000Burns Bros 100 5,300Butte Cop & Zinc v t c_..5 38,600Butterick 100 1,900Butte & Sup Cop, Ltd... 10 41,700Caddo Cent Oil& Ref_100 33,300Calif Packing Corn_no par 43,500Calif Petrol vol tr ctf 100 27,400

Preferred 100 3,000Calumet & Arizona Mg_10 1,700Case(JI)ThreehMpfctf 100 1,300Central Foundry, pref.,100 500Central Leather 100 121,870

Preferred 100 3,225Cent & So Am Teleg.. .._100 660Cerro de Pasco Cop_no par 39,400Certain-Teed Prod no par 3,900Chandler M Car (The)no par 102,200Chic Pneumatic Tool_ _100 3,600Chile Copper 25 38,600Chino Copper 5 28,500Gillett, Peabody & Co..100 1,400

Preferred 100 300Coca Cola no par 49,000Colorado Fuel & Iron.._100 48,800Columbia Gas as Elec_ _100 34,900Columbia G raphophone.. _ _ 154,600

Preferred 500Computing-Tab-Rec __100 1,250Consolidated Cigar_no par I 3,600

Preferred 100 1,200Consolidated Gas N Y_100 17,600c'ons lot-State Call Mg 10 27,900Consol Textile no par 17,500

Rights 3,300Continental Can Inc_ _100 5,700

Preferred_ 100 600nont'l Candy ctfs_ _no par 17,200Continental Insurance_ _25 400Corn Products Bolin_ _ 100 141,900

Preferred 100 2,300clrex carnet inn 200

Shares.

66,67462,40146,20630,10258,72583,97

1,561,5449,69389,1814,6028,251,05

894,903,38

405,103,001,904,295

2,935,9440,24

1,612,4514,68

603,80519,90427,33

1,439,251,377,20344,169102,244

4,944,65

Price aboutJan. 21919.

Bid. Ask.

49% Sale233% 24%58 60863i 6831 Sale13 Sale

323% Sale82% 84%101 Sale98 9933 3542 Sale65 Sale82 90

160 Sale47 Sale97 99%93% Sale

39% Ehde

84% Sale13% 1472% Sale40 Sale56 5755% Sale


Jan. 2.

Bid. Ask.

32 Sale43% Sale71% Sale84% Sale1% Sale234 Sale51% Sale91 Sale91% Sale95 98

94 Sale90 94123% Sale7 Sale

55% Sale101 Sale140% Sale115 Sale50 Sale12% Sale94 10020.% Sale120% Sale46% Sale68 Sale117 Sale

870,55 47 Sale64,32 893% Sale

3,003,54 61 Sale15,69 101 10392,60

1,073,45 7,46 92 95

6,323,55 763% Sale48,05 103% 1053%32,00 100 1051,950

1,127,050 12,20

970,85 111 11213,91 112% 114

1,727,20 973% Sale11,19 90 943%1,41

703,970 100% Sale530,621 195% Sale37,838 101% Sale

1,469,45 51 Sale45,760 953% Sale

578,65 2794 Sale421,57 11% 13%60,201 42 Sale

2,391,97 60% Sale177,97 1 Sale363,60 17 1812,0154 58 637,629 47

95,70 68 Sale1,465,000 1073% Sale

18,050 67 Sale212,400 81,8501 13,889

20,034,040 743% Sale10,900 4,700 2,900

297,632 103 Sale8,000 106 111

1,112,47 1% 151355,40 75,00 613% Sale

7,900,710 61% Sale12,467 84,59' 104% Sale

655,050 22% Sale4,572 36,150 82 9036,800 65 697,690 96 100

99,200 8 9%161,351 152 Sale924,915 6 Sale92,61 17% Sale

698,001 19 Sale444,40 833,575 483% Sale953,900 20% Sale163,00 64 Sale50,300 60 6320,850 92 Sale172,800

3,608,67 60 Sale14,48 102 105

66 104 1071,197,93 34 Sale

65,401 33 40273,40 36,60

11,401,82 18% Sale559,95 33% Sale43,501 62 642,86 S 100% 103%

84,10 521,61 36% Sale778,64 4231 Sale827,76

4,40 2,41 38 40

46,44 18,75

357,534 97 Sale438,45 8% 8%47,10 20,50

568,70 69% Sale1,650 104% 108

721,150 16,150 57 59

875,44 48% Sale33,30 104 Sale7.970 45 55

77 Sale

102 Sale104% Sale41% Sale27% Sale82 Sale70 Sale97 98107% 11082 90z45 Sale91% C3139 Sale118 11998% Sale91% 92%

96% Sale250 28Q96 97%165% Sale

56 Sale18 Sale52 5763% Sale

61% Sale72 7475 76116% Sale168 Sale70 7373 Sale18 19%30 34114 Sale101 Sale93 9592 94132 Sale110 113%1% Sale31% Sale

98 Sale

1123 Sale13 Sale87 9252% Sale105 Sale

8 Sale118 Sale9 Sale24% 2727% Sale20% Sale84% Sale43% Sale75 Sale68 Sale

37% Sale101% Sate109 110114% Sale59 Sale57% Sale135 Sale104% Sale20% Sale39%, Sale106 Sale 10940% Sale42% Sale64% Sale60% Sale

52% 5562 Sale80 Saleb83 Sale19 Sale31 Sale% Sale

91 Sale

13% Sale85 Sale85 Sale108 11056 Sale

Jan. 31.

Bid. Ask.

30 3141% 42%70 7181 81%1% Sale

49% Sale87 8904 91% 95

/90% 9288 92122 Sale

55 Sale98 99%138 Sale115% Sale

113% Sale96 99%25% Sale117 Sale44% Sale562 65109% Sale14% Sale85 Sale

SgOi SaleSale

104% Sale36 4324% Sale81 8368 Sale97% 98%106% Sale82 9045% Sale

135.- 137118 Sale591% 92%91% 93%

99% Sale265 Sale96% 9731155% Sale105% Sale56 Sale18% Sale55 58561% Sale4 Sale56% Sale74 7574% 76119 122164% Sale67 7067% Sale16% 17%29 33118% Sale

85 9591% 96127 Sale

1% 1%28% 29

96% Sale

114 Sale13 14

52 55

7 8106 1089% 9%22% Sale25%, Sale23% Sale83% Sale41 Sale71% Sale63% 67

47 65502% Sale107 Sale

55 Sale

138% Sale

Lowest. Highest. Lowest.

18% Sale37% Sale94 99102 Sale38 Sale40% Sale61% Sale50% Sale91 92%52% 53%63% Sale82% Sale79% Sale19 Sale530 30%

88 89%102 10312% Sale

.785 Sale

.5102 st Sale50 00

Sale Prices. Sale Prices. Sale Prices.

20% Jan. 28 3334 Jan. 3 29% Apr. 2640% Jan. 14 45% Jan. 5 21 Jan. 2170% Jan. 15 72 Jan. 12 563% Jan. 2080% Jan. 24 88% Jan. 5 66 Jan. 131% Jan. 10 2 Jan. 3 13% Dec. 192 Jan. 29 2% Jan. 3 134 Jan. 246% Jan. 17 53% Jan. 3 30 Jan. 2186% Jan. 24 92 Jan. 3 81% Jan. 2390 Jan. 15 95 Jan. 28 87 Sept. 294% Jan. 24 96% Jan. 16 z92 Dec. 2244 Jan. 16 46% Jan. 5 33 Jan. 2545 Jan. 7 45% Jan. 28 42 Jan. 2589% Jan. 30 963% Jan. 8 62 Jan. 390 Jan. 20 93 Jan. 5 843% Jan. 13b105%Jan. 6 128% Jan. 2 8414 May 74% Jan. 13 7% Jan. 3 5% Dec. 2789 Jan. 6 94 Jan. 10 85 Nov. 21170% Jan. 28 170% Jan. 28 160 Jan. 252 Jan. 23 61% Jan. 3 42% Feb. 11983% Jan. 26 101 Jan. 3 z98 Dec. 16135 Jan. 19 143% Jan. 3 843% Feb. 10115 Jan. 91116% Jan. 5 113 Jan. 1848% Jan. 19' 5434 Jan. 3, 393% Jan. 2Al% Jan. 9 153% Jan. 14 10% Nov. 209534 Jan. 16 1017% Jan. /0 7034 Sept. 23243% Jan. 211 303% Jan. a, 13 Jan. 4112% Jan. 21 122 Jan. 3' 71 Jan. 244 Jan. 131 47 Jan. 5 3734 Aug. 21562% Jan. 261 68 Jan. 2 54% Jan. 20106% Jan. 22 12034 Jan. 31 523% Feb. 813% Jan. 281 143% Jan. 22 743% Jan. 13 8634 Jan. 22 443% Mar. 193% Jan. 12 991% Jan. 27 85 Mar. 195 Jan. 19 105% Jan. 3 58 Jan. 21104% Jan. 21106% Jan. 14 100 Jan. 14351 Jan. 23 44 Jan. 2 39% Dec.24 Jan. 22 303% Jan. 51 26 Dec. 3081 Jan. 28 82 Jan. /41 79% Dec. 1667 Jan. 14 72 Jan. 3 613% Dec. 197% Jan. 3 100% Jan. 13' 94 Dec. 29106% Jan. 31 115% Jan. 5 ' 101% Dec. 1785 Jan. 13 85 Jan. 13 80 Dec. 1423% Jan. 17 46% Jan. 6 3334 May 1093 Jan. 26 93% Jan. 19 91 Dec. 27135 Jan. 19 141% Jan. 7 11134 Jan. 21118 Jan. 6 118% Jan. 20 113% huh 6z89% Jan. 23 90 Jan. 5 73 Aug. 219134 Jan. 16 92% Jan. 31 90% Dec. 3052 Jan. 5 52 Jan. 5 50 Dec. 20963% Jan. 13 100% Jan.

30

95 Dec. 30259 Jan. 21 283 Jan. 5 191% Feb. 496 Jan. 28 97% Jan. 7 93% Dec. 23146 Jan. 14 165% Jan. 2 4534 Jan. 16103% Jan. 12 105% Jan. 29 943% Feb. 853% Jan. 17 61% Jan. 3 2171%

Jan. 3Jan. 21

1734 Jan. 2 213% Jan.563% Jan. 5 59% Jan. 9 40 Jan. 21560 Jan. 17 65% Jan. 5 54% Nov. 294 Jan. 17 634 Jan. 3 1 Jan. 256% Jan. 31 673% Jan. 3 173% Jan. 673 Jan. 6 745% Jan. 17 61 Mar. 1974 Jan. 12 75% Jan. 7 583% Feb. 8115 Jan. 14 125 Jan. 8 68 Jan. 2157 Jan. 19 176% Jan. 5 92 Feb. 8669/ Jan. 24 75 Jan. 7 64 Jan. 29653 Jan. 23 74% Jan. 3 6534 Dec. 18163% Jan. 16 19% Jan. 14% Nov. 1930 Jan. 14 30 Jan. 15 29 Oct. 25q109% Jan. 19 123 Jan. 10 64% Jun. 29100 Jan. 29 102 Jan. 5 100 Dec. 3190 Jan. 16 93 Jan. 6 04 Dec. 293 Jan. 5 93 Jan. 5 01 Oct. 23124 Jan. 19 134% Jan. 3 103 Jan. 2109% Jan. 28 111% Jan. 6 110 Feb. 101% Jan. 6 1% Jan. 5 1% Jan. 2026 Jan. 20 31% Jan. 2 26 Sept. 2288% Jan. 17 9531 Jan. 30 553% Jan. 2093 Jan. 16 10234 Jan. 3 5594 Jan. 2197 Jan. 14 100 Jan. 26 90 Dec. 20112% Jan. 2 114 Jan. 5 101% Jan. 2213 Jan. 3 15 Jan. 0 11 Dec. 191 Jan. 13 94 Jan. 19 853% Dec. 1852 Jan. 14 553% Jan. 2 41 Dec. 18100 Jan. 24 105% Jan. 2 71 Feb. 599% Jan. 14 100 Jan. 12 97 Aug. 188 Jan. 2 8 Jan. 21 63% Dec. 1

1033' Jan. 15 120 Jan. 5 115 Dec. 308% Jan. 2 1134 Jan. 0 534 Feb. 20223' Jan. 30 26 Jan. 6 16 Jan. 27259 Jan. 31 29% Jan. 12 1674 Fob, 112034 Jan. 2 283% Jan. 6 193% Dec. 3079 Jan. 14 85% Jan. 28 483% Jan. 238% Jan. 15 46 Jan. 3 2094 Jan. 2713 Jan. 31 753-4 Jan. 6 6434 Jan. 26434 Jan. 13 68 Jan. 2 563% Mar. 1599 Jan. 8 101 Jan. 24 9134 Jan. 143736 Jan. 2 50 Jan. 26 27 Apr. 5

.789 Jan. 22 104% Jan. 5 5634 Feb. 8106 Jan. 29 108% Jan. 5 104 Jan. 7114% Jan. 28 120 Jan. 3 a10 Jan. 855 Jan. 30 613% Jan. 3 31 Jan. 2265 Jan. 27 62 Jan. 7 3034 Apr. 12121 Jan. 16 144% Jan.' 3 90 Nov. 1294 Jan. 27 106% Jan. 3 68 Apr. 1018% Jan. 31 213% Jan. 3 16 Dec. 136% Jan. 22 413% Jan. 3 32 Feb. 693 Jan. 22 106 Jan. 3 60 Feb. 27

1

102 Jan. 31 104 Jan. 24 103% Jan. 733% Jan. 10 40% Jan. 37% Nov 2837% Jan. 22 4434 Jan. 3 34 Feb. 10613' Jan. 31 67 Jan. 9 39 Feb. 1

1

473% Jan. 15 65% Jan. 5 50 Oct. 1891 Jan. 28 92% Jan. 14 91 Dec. 2053% Jan. 13 56 Jan. 6 3734 Jan. 456% Jan. 24 6334 Jan. 31 54 Aug. 1880 Jan. 5 82 Jan. 30 z78 Aug. 1579 Jan. 29 b8734 Jan. 2 78% Dec. 291834 Jan. 19 203% Jan. 5 53% Apr. 23

z273% Jan. 15 31% Jan. 28 30% Dec.ee 2163A Jan. 3 Jan.

3 H D

87 Jan. 13 933338 Jan. 3 6534 Feb. 10100% Jan. 13 102% Jan. 22 100% Oct. 1812 Jan. 26 1334 Jan. 3 1034 Sept. 2279 Jan. 28 82 Jan. 15 58 Jan. 3580% Jan, 19 90 Jan. 3 46 Jan. 21101 Jan. 26 5107 Jan. 0 102 Jan. 23

A Jan. 2 59 Jan. 13 48 Mar 15

Highest.

Sale Prices.

64 May 2354 July 776 June 9113 July 144% Jan. 153% July 1451% Oct. 897 Sept. 16113% May 1103 Mar. lb55 July 1549 Oct. 1810194 Oct. 2195 May 29143% Nov. 86 Dec. 2397 July 17176 Sept. 468% Sept. 3010794 June le148% Nov. 5111) July 14673% July 1414% Mar. 7103 May 264334 July 3114294 Oct. 2276 June 87834 June e13234 Oct. 31

89 Nov. 798% Apr. 161173% Oct. 7109% July 263 Aug. 134734 Oct. 229434 June 128934 July 16100% July 17140 Sept. 1899 Jan. 1647 July 14963% Aug. 14148% Oct. 29119 May 24120% June 12100 May 1263 May 2210834 Mar. 103143-4 Oct. 24106 Jan. 816934 Dec. 31110% June 569 Oct. 229 July 1465 July 2477% July 160% Nov. 1765% Dec. 1182 Aug. 1480% May 13142 Nov. 7192 Oct. 3176 May 87534 Dec. 262034 Dec. 1835 Dec. 315634 Oct. 221117 June 10101 Dec. 395 Nov. 10145 July 7119 May 29234 May 1345 Oct. 16107% July 14112 Oct. 23108 July 21116 Sept. 3025 July 24102 Aug. 192 May 29112% July 16101 May 14153-4 Aug. 11

166 Apr. 2317 Oct. 63934 July 3037 July 145434 May 278734 Dec. 2656 Oct. 2086% Sept. 16863% July 24101 Aug. 197434 July 28

11634 July 24114 July 16a120 June 276734 July 116534 Nov. 714134 Oct. 511334 Nov. 32934 July 1450 July 16108 Dec. 29110 Sept. 1143% Nov 756 July 1469 Oct. 1175% Oct. 2795% Oct. 286334 July 1475 June 2786% July 11106% July 1823 Oct. 1437% Nov 141% Dec. 9

103% June 7110 June 171594 Oct. 2084% Nov. 799 Oct. 22109% July 2879 July 14


FEB., 1920.] STOCKS-STOCK EXCHANGE RECORD 31

STOCKSN Y STOCK EXCH'OE

SALESPrice aboutJan. 21919.


/nJanuary.

12 Months1919. Jan. 2. Jan. 31.

___-,---_--

' Lowest, Highest. Lowest. Highest.

Par. Shares. Shares. Bid. Ask. Bid. Ask. Bid. Ask. Sale Prices. Sale Prices. Sale Prices. Sale Prices.

Crucible Steel of Amer_ 100 274,600 985,79 58 Sale 219 Sale 1221% Sale j197 Jan. 17 233% Jan. 26 525% Feb. 7 261 Oct. 23

Preferred 100 2,650 25,75 91 Sale 99% Sale 99% Jan. 31 100 Jan. 7 91 Jan. 2105 July 3

Cuba Cane Sugar. .no par 160,800 2,223,58 29% Sale 52% Sale 49% Sale 495% Jan. 30 • 54% Jan. 7 20% Jan. 27 55 Dec. 8

Preferred 100 11.850 413,58 79% Sale 83% Sale 83% 83% 83 Jan. 30 85% Jan. 21 695% Mar. 1 87% Dec. 9

Cuban-Amer Sugar_ 100 3,620 43,72 135 160 390 420 440 Sale 400 Jan. 9450 Jan. 26 150 Jan. 8410 Oct. 31

Preferred 100 120 3,062 106 112 100 106 106 Jan. 20 106 Jan. 20 101% Feb. 4 107% Dec. 11

Deere /4 Co prof 100 200 10,41 95% Sale 100% Sale 100 106 100 Jan. 13 100% Jan. 2 93% Feb. 17 103 July 28

Dome Mines Ltd (The)-1l, 5,300 238,10 11% Sale 12% 13 12% 12% 12% Jan. 28 13 Jan. 3 105% Jan. 31 16% May 12

Durham Hos Mills "B"_50 1,900 50 60 65 60 Jan. 8 67% Jan. 12 615% Dec. 24 63 Dec. 31

Preferred 100 500 30 100% Sale 100 103 100% Jan. 2102% Jan. 13 100% Dec. 24 1015% Dec. 31

Elk Horn Coal Corp____50 9,600 237,75 27 29% 26% Sale 25 Sale 245% Jan. 30 28 Jan. 2 23% Dec. 2 43 July 16

Preferred 50 400 6,10 .---_ 47 38% 45 35% 41 35 Jan. 26 39 Jan. 16 39 Dec. 6 49 July 23

Emerson-Brantingham 100 800 54,000 29 Sale 26 27% 27 Jan. 30 29 Jan. 2 24% Dec. 30 43 June 27

Preferred 100 2,100 6,12 85 92 84 86 825% Jan. 21 91 Jan. 3 88 Dec. 15 101 June 26

Endicott-Johnson 50 41,000 273,32 141 Sale 131% Sale 1315% Jan. 31 147 Jain. 6 80 June 30 150 Dec. 2

Preferred 100 5,750 25,66 103% Sale 102% Sale 102 Jan. 27 104 Jan. 3 101% Aug. 21107% Dec. 2

Fairbanks Co (The)___ _25 300 36,90 83% Sale 78 '82 804 Jan. 13 83% Jan. 2 73 Sept. 19 94 Oct. 10

Preferred 100 100 98 98% Jan. 9 98% Jan. 9

Fam Players Laskey no par 58,000 702,83 8878 Sale 81 Sale 77% Jan. 20 95 Jan. 5 83 Dec. 12 123 July 17

Preferred 100 2,100 89% Sale 88% Jan. 30 90 Jan. 30

Federal Min & Smelt_ _10t, 600 21,80 9 11 9 15 ' 10% 14% 10 Jan. 6 13% Jan. 28 9 Dec. 10 235% July 18

Preferred 100 3,400 61,070 37 39 26 4 Sale 32% Sale 26% Jan. 2 33% Jan. 28 25 Dec. 15 48% July 14

Fisher Body Corp.. no par 1,000 201,17 36 39 125 135 1100 130 /122% Jan. 20 130% Jan. 5 38% Jan. 8 173 Oct. 8

Preferred 100 200 15,81 92% 93% 105 110 100 104 100 Jan. 23 104 Jan. 14 91 Feb. 10 110% Oct. 7

Fisk Rubber 25 118,500 789,520 44% Sale 42% Sale 403% Jan. 23 48 Jan. 3 395% Nov. 13 55 Oct. 9

Freeport Texas Co_ .no par 49,000 678,50 34% Sale 28 Sale 24% Jan. 28 36% Jan. 5 31% Dec. 29 64% July 14

Gas,Wms&Wig,Inc_no par 29,600 718,95 30% Sale 17% Sale 17 Sale 16% Jan. 24 195% Jan. 5 15 Dec. 1 383% July 14

General Chemical 100 100 7,24 al70 Sale 185 200 183 Sale 183 Jan. 31 183 Jan. 31 136% Feb. 15 203 Nov. 7

Preferred 100 600 3,51 101% 105 99 100 99% Jan. 28 100 Jan. 24 985% Dec. 24 108 Feb 14

General Cigar, Inc. ..__i00 14,900 1,143,95 48 Sale 73% Sale j70% 71% 269%, Jan. 23 753% Jan. 3 47 Jan. 3 95% July 23

Deben pref (7%)___100 1,800 7,25 94 Sale 90 Sale 90 Jan. 31 94% Jan. 5 90 Dec. 10 101 Aug. 8

Preferred 100 100 1,63 103 104 100 100 Jan. 6 100 Jan. 6 97 Dec. 12 106 May 12

General Electric 10u 10,800 275,83 151 Sale 171% Sale 166 Sale 165 Jan. 30 172 Jan. 2 1445% Feb. 3 176 Oct. 20

Gen Motors Corp 100 231,700 3,495,975 133 Sale 338 Sale 307% Sale 293 Jan. 26 345 Jan. 5 118% Jan. 21 406% Nov. 5

Preferred 100 10,000 96,03 82 84 88 90% 81% Sale 81 Jan. 24 893/ Jan. 3 82 Jan. 6 95 June 3

Debenture stock__ _ _100 29,950 262,16 83% Sale 80 Sale 80 Jan. 30 855 Jan. 6 825% Feb. 17 94% Apr. 14

Goodrich (B F) 100 159,900 1,773,70 57 Sale 81% Sale 77% Sale 75 Jan. 14 85% Jan. 5 565% Jan. 10 935% Oct. 29

Preferred 100 12,100 34,25 101 106 102 Sale 95% Sale 95% Jan. 31 102% Jan. 3 102 Aug. 7109% Apr. 16

Granby Cons M, S & P_ 100 1,800 16,20 79 Sale 51% Sale 49 50 48 Jan. 29 555% Jan. .3 47% Dec. 16 80 Jan. 3

Gray & Davis, Inc 25 2,300 12,10 48 Sale 445% Jan. 17 4934 Jan. 5 46% Dec. 9 53% Nov 26

Greene Cananea Copp_100 3,300 189,02 45 Bale 38 Sale 35 38 355% Jan. 26 38% Jan. 3 32% Dec. 2 475% July 14

Gulf States Steel tr ctfs 100 31,600 2,236,72 60 62% 79% Sale 76 Jan. 20 84% Jan. 8 495% Feb. 8 895% Oct. 20

Hartman Corporation_100 6,000 23,80 54 56 100 Sale 104 106 99% Jan. 5 108 Jan. 19 543% Jan. 8100% Dec. 26

Haskell & Barker C_no par 9,500 615,45 45 45% 60% Sale 59 Sale 57% Jan. 22 62% Jan. 5 40 Feb. 6 715% July 14

Fiomestake Mining_ .._100 900 5,20 94 Sale 60 Jan. 26 71 Jan. 1.' 60 Oct. 14 100 Feb. 26

Hupp Motor Car Corp. 100 4,100 15% 15% 15% Jan. 30 16 Jan. 29

Lisplration Cons Cop. .20 68,400 1,742,72 46% Sale 59% Sale j56% Sale 154 Jan. 16 61% Jan. 3 425% Feb. 6 68 July 10

Int Agile Corp v t c___100 3.500 203,925 10% Sale 19 Sale 19 21 1858 Jan. 24 22% Jan. 3 105% Jan. 2 3784 July 14

Preferred v t c 100 2,100 152,61 47 48 81 82 70 81 78 Jan. 24 83 Jan. 3 48 Jan, 4 914 July 14

Internal Harves, new.. 100 18,500 573,700 115 Sale 132 Sale 125% Jan. 15 135 Jan. 5 110% Jan. 21 149% July 7

Preferred, new 100 4,700 15,873 105 112% 113% 113 Sale 113 Jan. 23 115 Jan. 24 111 Dec. 16 120 June 23

Internal Mere Marine. 100 218,200 6,072,80 26% Sale 49% Sale 39% Sale 35% Jan. 22 51% Jan. 3 21% Jan. 31 67% July 11

Preferred 100 95,100 4,479,25 112% Sale 109 Sate 913% Sale 935% Jan. 22 111% Jan. 5 92% Feb. 10 1285% May 28

Int Motor Truck_ ..no par 300 122 127 Jan. 23 127 Jan. 23

1st preferred 100 700 82 80 Jan. 30 84 Jan. 19

2d preferred 100 1,255 67 70 69 Jan. 26 69% Jan. 29

International Nickel___25 118,500 2,332,05 32% Sale 24% Sale 24 Sale 23% Jan. 19 26% Jan. 7 20% Dec. 15 335% June 26

international Paper_ __100 226,200 2,616,30 30% Sale 81 Sale 84 Sale 78 Jan. 14 89% Jan. 3 303% Jan. 3 82 Nov. 5

Preferred 100 700 600 75 95 108 Sale 108% Jan. 3 110 Jan. 3 95 Aug. 4 105% Nov. 1

Preferred stamped. .100 2,400 54,29 62% Sale 79% Sale 76% Sale 765% Jan. 19 79% Jan. 3 62 Jan, 13 80 July 22

nternational Salt 100 800 3,333 52 62 70 gSale 70 Jan. 2 ,.71 Jan. 53 Feb. 18 70 Dec. 22

ron Products Corp_no par 30,100 47,15 40 Sale 50% Sale 39% Jan. 2 515% Jan. 27 34 Dec. 12 65 Nov 7

Jewel Tea, Inc 100 3,900 216,10 30 Sale 16% Sale 16% Jan. 2 213/ Jan. 9 15 Dec. 13 48 Mar. 15

Preferred 100 1,800 31,87 88 92 42 Sale 41% Jan. 28 459 Jan. 10 38% Dec. 23 91 Mar. 6

Jones Bros Tea Inc_ __ _100 3,400 93,30 26 29 j25% 29 125% Jan. 28 30 Jan. 5 24% Dec. 16 44 July 16

Kayser (Julius) & Co_ _100 1,650 5,32' 115 Sale 1105% Jan. 12 118 Jan. 6 105 Apr. 5 130 Apr. 22

Kelly-Springfield Tlre__25 34,100 1,339,55 69% Sale 144 Sale j136 Sale /130% Jan. 22152% Jan. 5 68 Jan. 21 164 Nov. 3

Preferred, 8% 1,800 14,06' 102 Sale 103 104 102 Jan. 2 105 Jan. 21 101% Dec. 18 1103% Oct. 21

Kelsey Wheel, inc. i00 3,100 76,90 29 31 80 Sale 78 82 78 Jan. 19 90 Jan. 5 34 Jan. 15 114% Oct. 28

Preferred 100 300 6,300 85 90 98% Sale 96% 97% 97% Jan. 13 98% Jan. 2 89 Jan. 24 100% Oct. 10

Kennecott Copper. .no par 85,400 1,453,199 32% Sale 30% Sale 30% Sale 30 Jan. 23 33% Jan. 5 27% Nov. 29 43 July 18

Keystone Tire & 1(ubb..10 129,700 2,094,48 44% Sale 37% Sale 32% Jan. 20 485% Jan. 5 38% Dec. 29 126% July 14

Kresge (S 5) Co 100 500 3,31 100 110 155 Sale 145 Jan. 14 155 Jan. 31 206% Jan. 20 170 July 28

Kress (S 11) & Co, pre_ 100 100 1,500 103 105 100 112 100% 110 100% Jan. 17 100% Jan. 17 105 Jan. 14 110 Aug. 22

Lackawanna Steel____100 55,200 1,340,46 67% Sale 88% Sale 834 Sale 82 Jan. 16 913% Jan. 5 625% Jan. 21 107% Nov. 1

Laclede Gas (St Louls).100 300 12,02 83 86 35 38 38 Jan. 8 40 Jan. 20 33 Dec. 30 83 Jan. 21

Lee Rubber & Tire_ _no par 15,900 416,15 21% Sale 36% Sale 33 Jan. 26 38% Jan. 6 21 Jan 22 40 Oct. 21

Liggett & Myers Tob__ 100 900 21,80 210 236 202 207 198 Sale 198 Jan. 31 207 Jan. 10 195 Dec. 1 250% Aug. 8

Rights 2,100 400 17 Sale 145% Jan. 30 18 Jan. 8 16 Dec. 18 16 Dec. 18

Preferred 100 1,200 13,920 106 110 108 Sale 108% Sale 108 Jan. 15 109% Jan. 31 107 Jan. 27 115 July 16

Loews Incorporated_no par 20,600 30 Sale 293% Jan. 20 32 Jan. 15

Loft Incorporated_ _no par 51,300 31,40 27% Sale 22% Sale 21 Jan. 24 28 Jan. 3 255% Dec. 23 27% Dec. 31

Loose-Wiles Bis tr ctfs_100 1,700 128,50 45% Sale 68 70 65 69 65 Jan. 14 70 Jan. 3 405% Feb. 17 81 July 14

1st preferred 100 800 4,41 93% 99 100 99 Sale 99 Jan. 14 100 Jan. 5 945% Jan. 10 106% June 19

Second preferred. _.100 400 3,85 94 96% 106 112 114 120 114% Jan. 12 115 1 Jan. 19 94 Feb. 5 120 June 20

Lorillard (P) 100 3,000 232,845 155 165 183% Sale 165 175 169% Jan. 15 18334 Jan. 2 147% Apr. 15 245 July 23

Preferred 100 300 7,20 105% 110 110% 114 101 108 108 Jan. 30 110% Jan. 8 107 Jan. 28 115 July 29

Mackay Companies.. _100 300 5,10 70 73% 66 70 67 70 69 Jan. 30 693% Jan. 7 63 Dec. 30 79% May 27

Preferred 100 4,300 13,02' 63 65% 64 64% 64 Sale 64 Jan. 3 64 Jan. 28 x63 June 6 66 July 11

Manati Sugar 100 2,600 600 135 Sale 124 128 127% Jan. 29 136% Jan. 5 130 Dec. 30 137 Dec. 24

Preferred 100 200 101 102% 101 Jan. 10 102 Jan. 8

Manhattan Shirt 25 1,800 64,90 32 33 32 Jan. 20 335% Jan. 5 28 Aug. 5 385% July 17

Martin Parry Corp_no par 3,400 20,55 25 26 27 29% 20% Jan. 5 305% Jan. 8 23 Dec. 12 31% Nov 7

Mathieson Alkali Wks_ _50Maxwell Motor tr ctf_100

10014,100

4,43840,50 285%13:13i 31% Sale

31 35%31 Sale

31% Jan. 2430 Jan. 22

31% Jan. 24353% Jan. 5

25 Mar. 7263% Jan. 22

43 Oct. 1761 July 28

Certificates of deposit__ 3,200 17,20 31% Sale 30% Jan. 30 35 Jan. 5 28 Dec. 30 43 Nov 15

1st preferred tr ctf__100 3,700 308,81 49% 51% 01 63 58 60 585% Jan. 13 635% Jan. 5 50% Jan. 22 845% July 28

Certificates of depos 1,100 4,70 58% Jan. 14 629/ Jan. 6 59 Dec. 30 69% Nov 18

2d ',referred tr ctf_ ..100 2,300 229,75 19% Sale 30 Sale 25 30 25% Jan. 23 30% Jan. 10 193% Jan. 2 465% June 3

Certificates of deposit 1,100 2,70 255% Jan. 22 305% Jan. 10 285% Dec. 30 3534 Nov 24

May Dept Stores 100 7,400 185,77 60 Sale 127 Sale 123 127 121 Jan. 5 131 Jan. 2 60 Jan. 4 131% Oct. 31

Preferred 100 1,000 7,90 104 Sale 104 110 105% 106 105% Jan. 28 107 Jan. 12 104 Jan. 2 110 May 2

Mexican Petroleum_ 100 541,200 7,739,58 179 Sale 217% Sale 196% Sale 187 Jan. 17 222 Jan. 3 162% Jan. 23 264 Oct. 22

Preferred 100 700 3,13 103 1034 Sale 101 Jan. 13 105 Jan. 6 99 Dec. 17118% Sept. 30

Miami Copper 5 9,400 300,65 23 Sale 25 Sale 24 Sale 233% Jan. 17 26 Jan. 6 21 Nov 20 32% July 17

Middle States 011 10 568,700 534,07 63% Sale 141% Sale 375% Jan. 16 71% Jan. 6 32 Oct. 9 71% Nov. 18

Midvale Steel & Ord__ 50 92,000 3,028,23 44 Sale 50% Sale I49/8 Sale .148% Jan. 23 52% Jan. 6 403% Feb. 7 62% July 14

Montana Power 100 0,200 118,60 73 78 65 Sale 65 67 63% Jan. 19 695% Jan. 7 54 Nov. 28 83 July 29

Preferred 100 410 1,61 100% 103 100 Sale 100 Jan. 16 100% Jan. 6 100 Nov 17 106% Feb. 25

Mullins Body 11,300 86,70 48 Sale 147 48 46 Jan. 13 51 Jan. 5 40 Nov. 13 53 Oct. 20

National Acme 50 8,100 206,44 29% Sale 37 Sale 38 38% 365% Jan. 15 38% Jan. 19 295% Jan. 2 435% July 12

NatAniline&Ch v t c no par 38,900 281,60 70 Sale 65 Sale 61% Jan. 19 72% Jan. 3 45 Sept. 24 75 Nov. 7

Preferred v t c 100 2,500 26,65 89% Sale 87 88 865% Jan. 22 89% Jan. 6 87 Nov. 13 915% Oct. 7

National Biscuit 100 1,400 65,50 100 110 118 Sale 118 Jan. 21 125 Jan. 3 107 Aug. 20 139 Oct. 7

Preferred 100 900 7,08 115 Sale 114 Jan. 30 116 Jan. 9 112 Dec. 22 x121 Mar. 14

Natl Cloak ec Suit ......100 900 33,80 68 72 78 80 75 76 75% Jan. 23 80 Jan. 3 70 Jan. 22 92 July 26

Preferred 100 300 6,225 103 106 102 105 100 102 100 Jan. 22 102% Jan. 13 103 Dec. 1 108 May 26

Nat Cond't & Cable no par 8,600 473,10 16 Sale 10 Sale 10' Sale 9% Jan. 24 115% Jan. 6 85% Dec. 30 243 July 18

Nat Enamel de Stamp_100 27,000 462,85 47% Sale 85 Sale 81 82 795% Jan. 24 895% Jan. 2 45% Feb. 8 888 June 7

Preferred 100 600 5,5.4 90 94 100 102 101% Sale 101% Jan. 31 102% Jan. 7 93 Jan. 15 104 May 27

National Lead 100 20,200 353,80 65% Sale 82% Sale 82 Sale 80 Jan. 14 86% Jan. 27 64 Jan. 11 945% Oct. 23

Preferred 100 700 7,98 106 107 109 Sale 108% Jan. 5 110 Jan. 3 102 Sept. 8112 July 18

Nevada Consol Copper 5New York Air Brake__100

8,80011,300

219,82275,05

16% 17%99 105

16 Sale114 Sale

16 16%108% Sale

16 Jan. 26105% Jan. 19

175% Jan. 51179/ Jan. 5

133% Nov. 28913% Feb. 3

215% July 17145% Oct. 22

New York Dock 100 4,300 235,850 24 28 48 Sale 42 Sale 42 Jan. 31 485% Jan. 3 193'4 Feb. 7 703% July 30

Preferred 100 825 50,800 44 49% 58 63 150 60 155 Jan. 26 61 Jan. 3 443% Mar. 13 75 July 211

Nlag Falls Pow, pref 100 310 1025% Jan. 23 104% Jan. 27

vo Amer Co new stock.100 3,300 43.000 47 48 54% Sale 57 57% 54 .Tan. 5 58 Jan. 28 47 Jan. 11 67 July 25

•


32 STOCKS-STOCK EXCHANGE RECORD (VOL. 110

STOCKSN V STOCK EXCH'OE

SALES

In 12 MonthsJanuary. 1919.

ParNova Scotia Steel & C..100Ohio Cities Gas (The).. 25Ohio Fuel Supply 25Oklahoma Prod & Ref_ _ _5Ontario Silver Mining 100Otis Elevator Otis Steel no parOwens Bottle-Mach___ 25

Preferred 100Pacific Development Pacific Gas & ElectriO..100Pacific Mail SS Pacific Tel & Tel 100Pan-Amer Pet & Tr 50

Class B stock 50Preferred 100

Parish dr Bingham_ _no parPenney (J C) Co, pref_100Penn-Seab St1 v s c_ no pa,People's Gas L & Coke_ 100Philadelphia Co (Pitts) 50Pierce-Arrow Mot C no par

Preferred 100Pierce 011 Corp'n 28

Preferred Pittsburgh Coal (of Pa) 100

Preferred 100Pittsburgh Steel pref __ 100Pond Creek Coal 10Pressed Steel Car 100

Preferred 100Pub Serv Corp of N J 100Pullman Company.. ......100Punta Alegre Sugar ..50Railway Steel Spring.. _100Preferred 100

Ray Consol Copper 10Remington Typew v t c 100

1st preferred • t c 1002d preferred 100

Replogle Steel-----no parRepublic Iron & Steel_100

Rights Preferred 100

Republic Motor Trk _ no parRoyal Dutch Co N sirsSt Joseph Lead 10Savage Arms Corp.._ _ ..100Saxon Motor Car 100Sears Roebuck & Co.._100

Preferred 100ShattuckArizonaCopper10Shell Transport & Trad_.£2SinclairConsOilCorp no parSloss-Sheffield Steel & I _ 101-

Preferred 100So Porto Rico Sugar.. ..100

Preferred 100Standard Milling 100Stewart Warn Corp_no parStromberg Carburet no pa,Studebaker Corp (The)100

Preferred 100StutzMotCarofAm..NoparSuperior Steel 100

1st preferred 100Tenn Cop & Che in_ no parTexas Co (The) 100

Rights_ Subscrip rects 30% paidSubscrip recta full paid _

Texas Pac Land Trust.. 100Tidewater Oil 100

Rights Tobacco Prod corp.. ..100

Preferred 100Transcon 011 ctfs__no parTransue & Wms S teel no parOnderwood Typewriter100Preferred 100

Union Bag & Paper new100Union Oil no pa,United Alloy Steel no pa,Unit Cigar Stores, pref. 100United Drug 100

1st preferred 50Un Dyewood, pref 100

United Fruit 100United Retail Stores no palS Cast Iron Pipe & F.10uPreferred 100S Express 100

U S Food Products.... _ 100US Indust Alcohol 10C

Preferred 100U S Realty & Improv 100S Rubber 100First preferred 100Receipts full paid

U S Smelt Refg dr Mg_ 50Preferred 50

United States Steel___100Preferred 100

Utah Copper 10Utah Securities v t c_ ..100Vanadium Corp__ __no parRights

Va-Carolina Chemical_100Preferred 100

Va Iron Coal & Coke.. ..100Vulcan Detinning 10(Preferred 100

Wells, Fargo Express . _100Western Union Teleg_ ..100Westinghouse Air Brake 50West'gh E & Mfg assent 501st preferred 50

Weyman-Bruton, pref_100White Motor 50Willys-Overland. 25New preferred 100

Wilson dc Co In: v t c no patPreferred 100

Woolworth (FPreferred 100

Worthng'n P&M v t c_100Preferred A v t c_....100Preferred 13 v t c.. _100

Price aboutJan. 21919.

Shares.' Shares. Bid. Ask.18,000 318,520 76,600 4,266,378 44% Sale

700 20,850 46 Sale129,800 3,074,380 5,500 265,000 73. Sale2,100 29,810

62,100 69,600 4,400 194,250 47 50400 2,900

1,300 12,260 3,550 70,252 2,300 138,610 37A 3935,300 39,640 18 22

366,300 5,544,920 693 Sale51,100 87,600

85 26,980 12034 Sale9,300 15,200 200

13,200 438,250 21,200 205,797 49 Sale124,000 523,840 a31 Sale396,700 5,307,170 43 Sale

1,000 29,510 102 Sale118,400 1,863,500 log Sale22,750 13,818 14,300 741,850 46A 481,100 15,000 8554 86970 6,625 90 94

9,000 345,200 12 1418,200 786,830 623 Sale1,026 5,500 101 Sale400 5,400 89

10,900 191,717 120 Sale65,600 638,250 15,900 484,125 76 Sale

580 6,665 104 19,500 534,938 213.( Sale10,400 227,800

100 1,350 300 2,100

7,700 6,600 948,400 3,817,350 7434 Sale64,300 55,900

1,000 24,700 98 1014,100 209,500

435,400 6,654,550 16,600 70,050 5,500 85,700 51 58

112,910 512,865 731 Sale3,600 64,000 176 Sale575 3,520 115 125

2,500 130,200 13 Sale222,752 45,700 562,900 3,085,140 65,000 440,120 4934 Sale

700 4,530 85 89700 13,233 132 Sale300 4,150 102 110

1,820 6,100 113 120100

52,900 700,994851,000 8,057,7501

2,800 21,50021,600 583,1009.900 215,300100 1,420

35,800 903,000131,900 1,557,89229,600 59,6001,9002,300190 6,086300 8,102

34,800

52 Sale9234 Sale4934 Sale3534 37 9313% 14184% Sale

155 186200 225

PRICES IV JANUARY. RANGE FOR YEAR 1919,

Jan. 2. Jan. 31. Lowest. Highest. Lowest. IliohegtBid. Ask.73 Sale48 Sale5134 Sale9% Sale

140 Sale373-4 Sale65 Sale98 10078 Sale

36 37343734 Sale105 Sale10034 Sale

443% Sale

33 Sale 3734 Sale3931 Sale8134 Sale

193/ Sale93 Sale63 Sale90 9590 942634 Sale102 Sale100 105

11434 Salex943% Sale98% Sale1043-4 1093422 Sale9034 Sale

98 Sale 50 Sale12334 Sale2% Sale

106 107 543% Sale 1023% Sale1434 Sale7134 Sale1534 Sale

231 Sale11334 11834 1134 Sale8131 Sale4434 Sale74 Sale90 Sale

112 11613934 Sale

80 Sale11038 Sale10034 Sale117 Sale48 Sale10134 105 103% Sale

22734 Sale60 Sale

300 500 210 250

93 Sale102 Sale3634 Sale65% Sale190 Sale

90 953634 Sale52 Sale110 140141 Sale51% 5234

200% Sale .93% Sale23%, Sale54 Sale30 31%

z7634 Sale113% Sale

4434 Sale1383% Sale114 Sale

7431 Sale46% Sale107 Sale11394 Sale76 Sale11 Sale56% Sale

68 Sale107 112

52% 5788 Sale 115 118z54 Sale

63 Sale3134 Sale90 928034 Sale95 98125 130113 1169234 Sale9234 95 72 76

Bid. Ask.7034 Sale4734 Sale483% 509 Sale

8% 9133 1373734 Sale60 Sale98 1007334 75

555 563634 374034 Sale93 Sale90 Sale

43 44

39 4034540% Sale70 Sale

187/s Sale9434 Sale5603% 6291 9288 9223 Sale993-4 Sale

65 73114% Sale8831 Sale9834 Sale10634 Sale203-' Sale

43 46511494 Sale

10734 Sale16 Sale75 753,41834 Sale

218 230116

1234 1234588 Sale4134 Sale57834 Sale88 05

230 250112 116

77 Sale10534 Sale10134 Sale130 Sale548% Sale

11% Sale202% Sale

192 Sale

195 205

90 Sale102 105253% Sale6134 Sale170 180

91 Sale33 Sale549 Sale111 140142 Sale5131 Sale

191 1978734 Sale2034 Sale52% Sale2934 316834 Sale107 Sale

102 10452 Sale512734 Sale11434 Sale

71 Sale4634 Sale105% Sale511331 Sale74% Sale10 Sale5134 Sale

570% Sale109 111

90 Sale

52 53

116 1195434 Sale

64 77

60 Sale52834 Sale89 90574 Sale95 98122% 1233411254 11493 Sale

Sale Prices.70 Jan. 244534 Jan. 17483/8 Jan. 179 Jan. 178% Jan. 30

13034 Jan. 1335 Jan. 205834 Jan. 14100 Jan. 373 Jan. 19556 Jan. 2937 Jan. 2837 Jan. 138834 Jan. 1687 Jan. 17

a164 Jan. 1441 Jan. 22

93 Jan. 26 303,4 Jan. 16

353% Jan. 238 Jan. 5%65% Jan. 23

1043-4 Jan. 22183-4 Jan. 2393 Jan. 2

.560 Jan. 228994 Jan. 1291 Jan. 2923 Jan. 239534 Jan. 1710034 Jan. 76734 Jan. 2711334 Jan. 1587 Jan. 179634 Jan. 191043,4 Jan. 172034 Jan. 31833-4 Jan. 23

99 Jan. 2398 Jan. 24334 Jan. 23j107 Jan. 16% Jan. 14

103% Jan. 30 51 Jan. 21

10134 Jan. 21434 Jan. 271 Jan. 241534 Jan. 5

22434 Jan. 24116 Jan. 611% Jan. 28034 Jan. 164034 Jan. 3073 Jan. 1789 Jan. 23220 Jan. 17116 Jan. 28

139 Jan. 3 4334 Jan. 23


102 Jan. 12103% Jan. 2193 Jan. 15

5534 Jan. 8185 Jan. 15

187 Jan. 15 325 Jan. 14

205 Jan. 30 19% Jan. 28

8734 Jan. 131013/ Jan. 1423% Jan. 165934 Jan. 17175 Jan. 27

110 Jan. 2891 Jan. 303034 Jan. 15548% Jan. 22111% Jun. 13141 Jan. 1251 Jan. 26

96 Jan. 9191% Jan. 1784% Jan. 171934 Jan. 305231 Jan. 2930 Jan. 296434 Jan. 23104 Jan. 1410234 Jan. 2244% Jan. 25122 Jan. 19113 Jan. 28

140 Jan. 669% Jan. 264634 Jan.I 19104% Jan. 19z113% Jan. 3074% Jan. 22934 Jan. 2447 Jan. 261 Jan. 21

565% Jan. 23110 Jan. 287834 Jan. 26

25 Jan. 12 587 Jan. 12


al01 Jan. 2858% Jan. 23527q Jan. 2388 Jan. 29735 Jan. 319834 Jan. 1312354 Jan. 30113 Jan. 2287% Jan. 9

92 Jan. 17 70 Jan. 16

Sale Prices.7734 Jan. 55034 Jan. 35134 Jan. 21034 Jan. 59% Jan. 26

142 Jan. 24134 Jan. 565 Jan. 2100 Jan. 778 Jan. 26131 Jan. 53834 Jan. 94234 Jan. 2610834 Jan. 210334 Jan. 3a164 Jan. 14473,4 Jan. 694 Jan. 26 353% Jan. 6411 Jan. 542 Jan. 10827 Jan. 3

1083-4 Jan. 82331 Jan. 898 Jan. 76334 Jan. 39134 Jan. 249434 Jan. 727% Jan. 510334 Jan. 310334 Jan. 968 Jan. 28117% Jan. 596 Jan. 71102 Jan. 1010634 Jan. 292234 Jan. 694 Jan. 399 Jan. 239834 Jan. 84834 Jan. 312434 Jan. 3234 Jan. 3

10634 Jan. 135594 Jan. 211034 Jan. 271634 Jan. 1077 Jan. 282134 Jan. 13240 Jan. 51173% Jan. 81234 Jan. 559034 Jan. 284834 Jan. 58234 Jan. 2691 Jan. 12247 Jan. 28116 Jan. 5148 Jan. 74334 Jan. 23 8634 Jan. 211534 Jan. 510134 Jan. 3113734 Jan. 65034 Jan. :)102 Jan. 121234 Jan. 24

231 Jan. 261 Jan. 3195% Jan. 15 193 Jan. 14 325 Jan. 14205 Jan. 302331 Jan. 13 9534 Jan. 3106 Jan. 73894 Jan. 56634 Jan. 3190 Jan. 2110 Jan. 2896 Jan. 638 Jan. 653 Jan. 511134 Jan. 13148 Jan. 1453 Jan. 1396 Jan. 92043 Jan. 396 Jan. 325 Jan. 3

4

55 Jan. 531, Jan. 978 Jan. 511638 Jan. 8103% Jan. 656% Jan. 15143% Jan. 511634 Jan. 13140 Jan. 676 Jan. 34734 Jan. 6109 Jan. 5115 Jan. 2880i Jan. 312 Jan. 2573 Jan. 31 Jan. 21 72% Jan. 511234 Jan. 791 Jan. 3029 Jan. 1589 Jan. 556 Jan. 58834 Jan. '6119 Jan. 855% Jan. 36534 Jan. 9al01 Jan. 2866% Jan. 532 Jan. 393 Jan. 58234 Jan. 59834 Jan. 13130 Jan. 51163% Jan. 69531 Jan. 2793% Jan. 1376 Jan. 6

Sale Prices.46 Jan. 31c353( Feb. 143 Jan. 18 Feb.534 Mar. 1'

128 Nov 1'3434 Dec. 146 Mar. 31003% Oct. 1870% Dec. 115834 Dec. 31293.4 Feb. 822 Jan. 2167 Jan. 219234 Dec. 13117 Jan. 2242 Dec. 15

2734 Apr. 3032 Dec. 3030 Jan. 13834 Jan. 2210134 Jan. 316 Jan. 293 Dec. 3145 Feb. 38534 Mar. 179034 Jan. 161294 Feb. 5

x59 Feb. 11100 Mar. 360 Dec. 18110 Nov 2S51 Apr. 46834 Feb. 10104 Feb. 419 Mar. 468 Aug. 189634 June 289534 Aug. 2546 Dec. 307134 Jan. 181 Dec. 23

100 Jan. 134434 Sept. 2484 Aug. 81234 Dec. 1253 Jan. 3634 Mar. 21

16834 Feb. 1311534 Nov. 810 Feb. 1974 Dec. 124134 Dec. 124634 Feb. 1085 Mar. 11132 Jan.. 2107 Jan. 27124 Jan. 14

36% Jan. 104534 Jan. 2292 Jan. 2242g Feb. 1432 Jan. 2195% May 149% Dec. 1

184 Jan. 256 Dec. 31

180 Jan. 3207 Jan. 3

72% Jan. 299734 Dec. 23434 Dec. 303731 Jan. 11115 Jan. b121 Feb. 1775 Jan. 134% Dec. 1,37% Jan. 11106 Feb. 59034 Jan. 650 July 1896 May 23157 Feb. 1083 Nov 1914 Jan. 154234 Jan. 1616% Feb. 566 Apr. 8x97% Dec. 1oog Jan. 21731 Jan. 373 Jan. 2113934109 Jan. 20d45 Oct. 304331 Jan. 2145 Jan. 18883% Feb. 1011154 Dec. 126534 Feb. 78% Dec. 165434 Dec. 12

51 Feb. 10110 Jan. 754 Mar. 3112 Jan. 640 Jan. 285131 Nov 1282 Sept. 2294% Jan. 154034 Jan. 2161 Feb. 27100 Nov. 1945 Jan. 323g Jan. 2287 Jan. 765 Jan. 209534 Nov 11120 Feb. 7112% Dec. 2050 Feb. 1388 Jan. 9RR Jan. n

Sale Price',97 June '6134 July 1(55 July 241334 May IC1134 Nov !149 Nov '3931 Nov 1474 Oct. 17104 May it80 Oct. lE7554 July 244234 July 1441 Dec. 2C14031 Oct. Z10434 Dec. 111225 Oct. 3(4794 Nov 2(

58 July It57 May 2(43 Apr. 2199 Oct. 2(111 Oct. 2(28% May I105% Oct. 21743-4 July 2198 May 21993-4 May 143134 Oct. 11109 Oct. 2(106 • July If91/ Jan. 1132% July 119834 Dec. E107% Nov 1112 June 1273-6 July 1110534 Oct. 24103 Dec. /101 Nov. 1/5334 Dec. 11145 Nov '234 Dec. 31

10634 July 217434 Nov.121 July 1117 July 249434 Oct. 1129 Aug. (23034 Dec. 31120 Mar 111934 July 218134 Dec. 36431 Nov :89 Nov. :973,4 July 1257 Oct. 31117 Sept. (160 Oct. 11

10934 Oct. II151 Oct. 2110434 Nov. i144% Oct. 1,5434 June 1105 June 211734 May :345 Oct. 3170 Nov 2

470 May :275 Nov. :

115 June 31120 June 3162% Nov 117434 Oct. 3119734 Dec. ,121 Feb. 1'100 July li45% Oct. 158% July 2,122 Aug.175% July 215834 May '96 May 2,215 Oct. 31119% Oct. 138:X Aug.743% July321 May 2-913 Oct.167 May 2'111 May 250% June 1

Nov ,11934 July 11/136 Nov. 17834 Nov 2.50 Mar. 1'115 July 1-117 July 1971 July 1,213 June 162 Dec. 1

92 July 1115 Oct. 1z88 Dec. 32934 Oct. 205 Oct. 279 May 2.92% May 21126 July59% June i70 May 2100 Nov. 1,ha Oct. 2140 June '98 May 11047 July '104 June 111363 July 2:117 Jan. 1.117 Oct. '9834 Oct. 11RI Ott. I

75,100 2,253,690 z7434 Sale3,400 74,870 10234 Sale

524,800 2,172,670 13,900 234,3001,400 10,525 110 100 130

2,000 35,80 73 78111,450 616,08 11,900 588,920 38% Sale

100 1,51 107 1253,200 43,494 90 911,900 27,580 50 5034100 105 90 95

9,100 237,65 1673% Sale294,900 4,643,790 14,500 418,850 14 152,800 56,50 43% Sale4,000 24,600 16 19

55,400 1,964,65 201,000 2,518,19 104 Sale

600 8,84 9634 Sale91,200 139,35 16 20

551,000 4,362,425 803% Sale6,200 52,60 10934 110100 15,200

12,300 554,25 45% Sale3,090 18,83 44 47%

1,191,650 32,572,27 94% Sale15,780 184,495 113% Sale38,000 1,156,63 74% Sale5,700 113,975 13% Sale

66,100 66,90 100

23,100 588,802,300 27,104,690 34,851,100 24,385300 2,88

1,700 35,9744,500 92,692,700 68,88

37,900 1,879,70200 4,6020 20

63,500 1,269,91247,100 3,622,00

1,200 37,3611,700 596,01

100 6,103,500 57,00500 3,411

111,450 681.761700 12,513

5,100 40.391

53 Sale108 112

6234 7086 88 954134 Sale59 70

43 453426,4 Sale8734 893473 Sale90 99125 127;4115 1215434 Sale85 9067 Rate

55

3

3

47

a Less than 100 shares. b [4x-rights. e Ex-div & rights dPart paid. e 2d paid. f Full paid. g3d paid Is Ex-etock dl".during the month prior to this date. s Eelividend. • Trust certificates. • Opening sales were made at these prime.Quoted ex-divideo


33

GENERAL QUOTATIONSBONDS AWD STOCKS

1. In the following thirty-two pages of tables, quotations are given for all the more important securities listed on

Any Stook Exchange in the United States; also for leading unlisted and inactive securities.

2. Quotations from all Stock Exchanges are as near as possible for the closing day of the month preceding the date of

issue. As the New York Stock Exchange began with Jan. 2 1909 to quote all bond prices "and interest," we have adopted

the same method, and no longer employ a designating mark to indicate the fact except where there is a deviation from

this rule. The reader will understand, therefore, that unless the letter "f" is prefixed to the price, he must pay a eerued

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 "4" prefixed to bond prices denotes that the quotation is a flat

price—that is, that the accrued interest

forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. As

already stated in the case of income bonds and bonds in default, the price is always "flat," and no designating mark is

employed to indicate the fact.4. Stock prices marked thus (d) are per share. All others are per cent except bank stock prices, which are quoted

per share unless otherwise stated.5. It should be borne in mind in the use of these tables that the quotatio

ns for many inactive and unlisted securities

ore merely nominal, but in all cases the figures are obtained from sources which are considered reliable.

6. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu." for guaranteed, "end" for

endorsed, "cons" for consolidated, "cony" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional.

7. The black-faced 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.

Bonds Bid. Ask. Bonds Bid. Ask.

RAILROAD BONDS Bait & Flarrisb—See West Md

Bonds of companies cowed are Baltimore & Ohio—

Oen under the consolidated name. Prior lien 330 g 1925___J&J 80 8031

Adirondack—See Del & Hudson 1st M 4s g July 1 1948_ A&O 633 683

Akron & Barb Belt g 4s '42_J&D 76 Cony 43s 1933 red 1923 M&S 60 60

&la Gt South let 55 Dec '27_J&J 90 Ref & gen 55 1995 Ser A _ _J& D 6131 62

Gen M 55 Dec 1 1927 2_ _Mt D 80 10-ys 6s July 1929 temp_J&J 83% 8331

1st cons g 5s 1943 Ser A_J&D 80 91 Eq g 43s 1920-Feb '22_F&A b 6.30 5.90%

Belt Ry of Chatt 58 1945_J&J 75 Eq 4%s 1920-1923_ A&O b 6.30 5.90%

Ala Midland—See Atl Coast Lin Pitt Jc&M div 33s 05M&N 70 803

Alabama N Orl T & P June— Pittsb Lake Erie & Va—

"A" deb 5s g '40 red '10_M&N if 83 86 Refund gold 4s 1941_ _M&N 543's 55

"B" deb g bs '40 red '10_M&N I/ 78 80 S W div 1st g 33s 1925_ _J&J 6931 70

"C" deb g 5s Nov 1 1940_ A&O 11 78 82 Central OhioAla & Vick—Con g 55 1921 A&O 95 97 Reor 1st con g 43s'30M&S 873

2d consol g 55 1921 A&O 89 - -- Ohio RivRR—lst g 55'36J&D 913 93

Vicks & Mer 1st g 6s '21_A&O 96 100 Gen gold 5s 1937_ _ _ _ A&O 79 9078

Albany & Susq—See Del & Hud Hunt&BS 1st 6s 1922 J&J 95

Allegheny Valley—See Penn RR Ray Spen&G 1st 68'20 F&A 95 --. —

&Beg & West—See Buff It & P Pitts Cl & Tot 1st 6s'22_A&O 96

Allentown Terms 45 1919 Pitts Junc—lst g 6s '22_ _J&J 95

Ext at 6% to 1929 J&J 101 2d g bs July 1 1922_ __J&J 90 ---

Alton Bridge—See St C M & StL Sch Riv East Side 4s'25_J&D 92

Ann Arbor 1st g 48 1995_ _ _Q-J 513- 5731 Staten 1st Ry 43s 1943_J&D 60 70

kroostookNorthern—SeeBangor & Aro ostook Tot & On div 4s 1059 J&J 50%

Aroostook Valley—See Canadia n Pac. W Va & Pitts 1st 4s g '90A&O 613

Asheville St Spartanburg—S U & Bangor Sr Aroostook—Col 1st M g gu 4s 1995__J&J 70 1st M 5s g Jan 1 1943_ _J&J 83 88

&tch & East'n Br-4s 1928_J&J 75 85 Cons refund g 4s 1951_ _ _J&J 47

Atchison Topeka & Santa Fe— Medford Ext 5s 1937_-

_M&N 78 82

Gen mort gold 4s 1095_ _A&O 76% 773 Piscat Div g 5s Jan '43__A&O 75 80

Adjustment 4s July 1 '05_Nov 683. 69 StJohnsRivExt gu 59'39_F&A 70 75

Stamped M&N 69 693 Van Bur Ex 5s g Jan '43_ A&O 82

Cony g4s of '00 due'55 optJ & D 68 Washburn Ext 1st 5s'39_F&A 70 75

Cony g 4s of 1905 due '55 _J&D 67% Aroostook Nor 5s g 1947A&O 84

Cony g 4s 1960 ____J&D 84 847 Nor Maine Seaport Ss '35A&O n 50 60

Trans S L let g 4s 1958.. J&J 76% Battle Cr'k & Stur—See Mich C

Cal-Ariz lst&rf4Ms'62opM&S 763 78 Beech Creek—See N Y C & H Riv

Series B If 92 102 Bellingham Bay & British Col—

E Okla Div 1st g 4s '28_ M&S 863 1st g 5s Dec 1 1932 J&D 80

Hutch & So 1st g 5s 1928_J&J 85 . - - - - Bell & Caron—See Illinois Cent

Rocky Mt Div 45 1905_J&J 64 68 Belt RR & Stk Yds (Ind'pl's)—

San Fran & San Joaquin Vail— 1st ref g 4s 1939 M&N 75 80

1st g 5s Oct 1 1040_ _ _A&O 9931 Belt Ry of Chat—See Ala Gr So

Santa 17o Prescott & Phoenix Belvidere Del—See Pennsylvani a

let g 5s 1942 M&S 05 Bennington & Ruti'd—See Rut land

Atlanta Birm & Atlantic— Big Sandy Ry—See Ches & Ohio

Income 5s Nov 1 1930 30 40 Birm Belt—See St L & San Fr

Atl & Birm 1st g 5s 1934_J&J 67 69 Birmingham & S E 6s 1961 M&N

Atlanta & cam' A L—See South ern Ry. Birm Term 1st g 4s '57 gu_M&S 60

kt1 Knox deCin—See Lou & Nas hville Boonv St Louts & Sou—See Mo Pacific

A.tlanta Knoxv & Nor—See Lou isv & N ashy Boston & Albany 5s Oct '63 J&J 88 913

&Cantle & Dan—See South RR bs June 1942 J&D 90 9331

Atlantic City—See Reading Co 5s July 1 1938 J&J 90% 9431

Atlantic Coast Line Co of Conn— 414s July 1937 J&J 853 883'

Certs Indebt 5s irredeem J&D / 90 95 4s May 1 1933 gu NYC_ M&N 8231 857

Certs Indebt 4s 1925____J&J / 90 -- .-- 4s May 1 1934 gu NYC_M&N 8231 853

Atlantic Coast Line RIt— 4s May 1 '35 guNYC--_M&N 8231 8578

1st cons 4s July 1 1952 M&S 761's 763-i 3%s Jan 1 1951 • J&J 67 703

Col tr g 4s Oct 1 '52 op M&N 6831 70 Ref 3%s 1952 gu NYC A&O 663's 70

Cony deb 48'39 op '16 M&N 05 68 Bost & Lowell 43s Feb '33_J&J 80

Gen unit Ser A 4%s '64 J&D 74 4s April 1032 A&O 7631

Eq43sJne'20-Dec'21J&D b 6% 5.50% 33s Jan 1921 J&J 94

AlaMid—lstgug5s'28M&N 96 Boston & Maine-43s g '44J&J 60

Atlantic Coast Line of SC— 43.s April 1 1929 A&O 76

Gen 1st g 4s July '48_J&J 76 79 4s Sept 1 1926 M&S 75

N E of S C Os 1033. J&J 104 -- 4s Feb 1 1937 F&A 60

Brun & West 1st 48 '38_J&J 78 83 4s Aug 1942 F&A 60

Cent of So Car Os '21_ _J&J 100 —__ 33s Nov 1 1921 M&N 80

Char & Sav gen 7s 1036_J&J 114 33s Jan 1923 J&J 78

Fla So 1st g gu 4s '45_ ..J&J 70 80 35 July 1950 J&J 50

Nor & Car 5s 1939__ _A&O 95 -- -. Ports tF&Con 4%s '37_J&D 70

Pet'b'g—Class A 5s g'26 J&J 93 96 Bos & NYAL—See NYNH&HClass B Os g 1026_ _A&O 103 107 Boston Rev B & L 43is '27 _J&J 89

Rich & Peters 4%s 1940 A&O 85 . . — Bnms & W—See At Coast Line

Say Fla& W 1st g 6s '34 A&O 1033 1053 Buffalo Creek 1st 55 1941_ _J&J

1st M g 5s 1034_ _ _ _A&O 90 Buffalo Rochester & Pittsburgh

Wit & Wel gen g bs '35_J&J 95 98 General 55 g 1937 M&S 91 05

Gen mort g 4s 1935.. ..J&J 80 Con g 43s 1957 M&N 813

Atlantic & Yadkin—See Souther n Ry. Equip 6s Ser K 1920-'33_ F&A b 5.70,

Augusta South—See South Ry. Equip 4%s Ser E 1922_ _ M&N b 6 5.70

kug Term—See Chart & W Car Equip g 43s Ser F 1927_ A&O b 6 5.70

Austin & Northw'n—See So Pac Equip 4s Ser 0 1929. A&O b 6% 5.70

Salt Ches & Atla,n—See Pa RR Al & West 4s g guar 1998A&O 713 7474

Balt & Cumb Val RR Os '29_J&J 90 Clear & M 1st 5s g gu '43_J&J 85

Ex let M Os July 1931___J&J 90 Roch & P 1st Os 1921_ F&A 99 101Consol let g Os 1922__J&D 10031 103

Buffalo & Southwest—See Erie.

Bonds Bid. Ask.

72

88981008585%

0%9998631631

7297%6%

916986

756%

15

84

86

958889%

7602%

10098%

534%

Buff & Susquehanna RR Corp-1st 4s Dec 30 1963 J&J

Burl Ced Rap&No--SeeCRI&PButte Anaconda&Pac 58'44 F&ACalifornia N W 5s 1928 gu_A&OCam & Clear-1st 5s g '41_ _J&JGen M g 4s 1955 F&A

Canada Sou 53 1962 ser A_A&OCanadian Northern-

1st con deb 4s 1930 gu_J&D306% coll notes 1922 F&A6% coil notes 1924 F&AEq 4%s various Eq trOsny'20-Jan'29Serl3J&JManitoba SE 1st 4s £ '29F&A Winnipeg Term g 4s '39 g_J&J

Canadian Pacific—Cons deben 4s perpetual.. _J&J6% notes Mar 2 1924_ _M&S2Eq tr 43s 1920-1928___J&JAroostook Val 43s 1929 F&ANew Brunsw 1st g 5s '34 F&ACons deb 4s perpetual_ _J&J

Ont&Que deb gu 5s perp J&DCarb & Shaw—See Illinois CentCarolina Cent—See Seab Air LCaro Clinch & Ohio 5s '38_J&DEquip 5s 1920-1922 F&A

Carolina & Yadkin River-1st $ f 5s 1962 J&D

Carthage & Adiron—See N Y CCatawissa cons g 45 1948_ _ A&OC R Ia F& N—See BC It & NCentral Argentine Ry Ltd—Cony g 6% notes 1927_ F&A

Cent Ark & East—See St L S WCent Branch Ry—See Mo PacCentral of Georgia-

1st M g 53 Nov 1 1945__F&ACons gold 55 1945 M&N10-yr 6% sec gold bds '29J&DEq 4%s July'20-Jan'26__J&JChat Div gold 4s 1951__J&D Macon & Nor g 5s 1946_ _J&JMid Ga & Atl 1st 5s 1947 J&JMobile Div g 5s 1946_ _ _Oconee Div 1st g 5s 1945 J&DCent RR & Bkg 5s 1937 M&NChattahoochee & 0 55 '30J&JChat It & South g 5s '47_J&JEatonton Br 5s g 1926_ _J&DOcean SS Co g gu 5s '20 _J&J

Cent Indiana—See Cl Cin Ch &Cent & New Eng—See NYNHCentral of New Jersey—Gen M (now 1st) g 55 '87 J&JAmD&ImpCo gu 5s '21_J&JLeh & W B Coal con g 4s

1920, 1925, '30, '35 __J&DN V & L Br gen 4s 1941_M&SGeneral gold 5s 1041__M&S

Central Ohio—See Bait & OhioCentral Pacific—See So Pacific_

69

86959580843'

Basis9897

b 63'b 6%70

If 689731

b6.40%50

If 89If 66Ii 83

70b6.50%

80

83

8488%

b 6.5u

883's81833808185848695

StLouls& Hartf

99398

b 6%8031 95

Cent Verm 1st 4s May '20_Q-F 743' 81Charleston & Nor—See Caro Atl WestChart & W Car let 5s '46_ A&O 84Aug Tend let gu g Os '47 A&O 90

Chateaugay Ry—See Del & HChattahoochee & Gulf—See Cen of Ga.Chattanooga Sta 4s '57 gu_J&J 60Chesapeake & Ohio-

1st cons g 5s 1939_ _ M&N 92 93%General 4s gold 1992__M&S 75% 75%Cony g 43s 1930 op '15_ F&A 733 73%Gen fund impt 4s 1929_J&J 83 85%Cony g 5s 1946 A&O 77% 78Craig Valley 1st 55 g '40. .J&J 783-iPotts Creek 4s 1946 ' J&J 643 08R & A Div 1st con g 4s '89J&J 71 77%2d con g 4s 1989 J&J 66 68%

Warm Sp Val 1st 5s g '41 M&S 75Coal Riv Ry 1st 4s gu'45 J&D 71 8231Elevator Cog 48 gu '38_ _A&O 60Big Sandy Ry 1st g 4s'44 J&D 70 80Greenb Ry 1st g gu 4s'40M&N 70Raleigh & S W 1st 4s '36_J&J 60WestPocCorplet 4%8'45 F&A 05

Chesapeake & Ohio Northern-1st M 5s 1945 guar A&O 75 84

Chesterf'd & Lane let 5s '55F&A 50Chic & Alton let 3%s 1950_J&J 303 31RR refund g 3s 1949_ 463 48.__A&ODeb 5s 1922 subj to call_J&D 65 _

o Basis. / Vine price includes accrued interest. A Last sale. I In London n Nominal. s Sale Price.


34 GENERAL QUOTATIONS [vol.. noNOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.

Bonds Bid. Ask. Bonds Bid. Ask. Bonds Bid. Ask

Chicago Burlington & Quincy— Chic St Paul Minn & Omaha- Delaware & Hudson (Concd)-Gen M 45 1958 M&S 78 79% Cons 6s June 1 1930_ _ _ _J&D 103 10434 Chateaugay Ore Az Iron—Deny Ext coil tr 4s 1922_ F&A 98 Cons Os red to 3%s 1930_J&D 75 Guar gold 4s 1942.,..., J&J 80 70Illinois Div3%s'49 op '29_J&J 71 763 Deb gold 5s Mar 1 1930_M&S 82 35 Rens & Sar reg 1st 78'21 M&N 100 10445 July 1 1949 J&J 80% 813 Stamped Utica Clin & Bing bs '39_J&J 80Nebraska Ext 4s 1927_ M&N 903, 91 North Wisconsin-6s '30_J&J 100% Delaware Lack Az Western—S W Div a f 4s 1921_ _ _ _M&S 99 Super Sh L 5s June 1930_ M&S Morris & Essex 334s2000 J&D 08 70C B & Q joint 4s—See Gt Nor Chicago Terminal Transfer— N Y Lack & Western-

Chicago dr Eastern Illinois— Chic & Gt W 5s g 1936_ _J&D 90 1st Os g'd Jan 1 1021_ J&J 100Ref & Imp M 4s g '55 op_J&J 1 203' 21 Chic Terre Haute & Southeast- 2d bs g'd cons 1923_ __F&A 95U S Mtg & Tr ctfs dep___ I 20h 24 1st Az ref g 5s Dec 1 '60op_J&D 07 Term & Imp 4s gd '23 M&N 923( 93%1st consol 6s gold 1934_ _A&O 99% Sou Indiana 1st g 48 '51_ F&A 50 55 Osw Az Syrac gu bs '23_ _M&N 90 __--•Gen consol 1st 5s 1937M&N 67 Chicago Unioh Station- Warren 1st refg 3349.2000F&A 00 __--•U S Mtge & Trust ctfs dep 68 1st gold 4%s 1963_ _ ___J&J 792 813j Denver & Rio Grande-stamped M & N 1915 Chicago & Western Indiana— 1st con g 45 1936 J&J 03 64gM & N 1916 and Gen gold 6s Dec 1 1931_Q-M 101 102 1st con g 434s 1938 J&J 6734 70M At N 1917 int 42 57 Consol g guar 45 1952_ _ _ _J&J 57 5734 Improv't gold bs 1928___J&D 6834 70Guaranty Tr Co ctf dep 67 (1% notes '18 ext to '19_ _M&S 90 1st & ref g 5s 1955 op_ _ _F&A 43 45gPurMlst lien coal5s'42opF&A 44 Chic Az West Mich—See Pere M Bankers Tr Co stpd ctf dep I 45Eq 53is Mar'20-Sep '25 M&S b7.25% 6.50% Choc Ok At Gulf—See C R I At P Adj Inc 73 cum 1932 op_ _A&O 40 45

Ch & I C Ry—lst 55 '36_J&JDanv&GCrlst M 6s '20M&N

585

1092

Cincin Hamilton Az Dayton-General 5sgold 1942_ _ _J&D 66 72

Rio Or June 1st gu 55 '39 J&DRio Gr So 1st g 48 '40.,_ _J&J

7525 -55-'Ev TH&Chic inc 68 '20_ M&N 80 95 2d mtge gold 43s 1937JAEJ 72 75 1st g 4s guar 1940____J&J 25 30Chic Gt West—lst 4s 1959M&S 54 553.5 Dayton & Mich 1st 5s 1911 Rio Gr West 1st 4s '39_ _J&J 0:3 01Chic Ham & West 1st 68'27_J&J 90 99 Ext at 43.% to'31op'17J&J 8734 1st cons g 4s 1949 op_ _A&O 50

Chic & I c Ry—See Chic & E Ill C I St L & C—See CCC & StL— Utah Fuel 1st 5s 1931_ M&S- -

83Chicago Indiana & Southern Ry Cin Indianapolis & Western- Des Moines & Ft Dodge—See M nn&E3 t LouioCon mtge g 4s 1956 guar_J&J 72 75 1st M g 5s Nov 1 1965_ M&N_ n 67 77 Des Plaines Val Ry—See Chic & N WInd Ill & Ia 1st g 48 1950_J&J 753 Cin Leb dr Nor—See Pennsylvan la RR, Detroit Grand Haven & Milw-Chicago Indianap & Louisville— Cinc & Musk Val 4s 1948_ _F&A 73 1st Eq'18 ext to Nov14'20 A&O 96 100Ref M g 65 1947 Ser A_ __J&J 98% Cinc N 0 & Texas Pacific- Con gu'18 ext toNov15'20A&O 93 97Ref M g 58 1947 Ser B___J&J 81% 853 Eq 4 AsMay 15 '20-21 M&N15 b 6.62 6.12% Det Gr Rap & West—See PereMRef M g 48 1947 Ser C_ __J&J 683 75 Cincln North 1st g 4s 1951..J&J 55 Detroit & Mackinac—1st AtI 58 1966 M&N Cin Rich At F W-78 g '21_J&D 97 Prior lien gold 4s 1995__J&D 55 781_

nEq 4 s Mch 15 '20-'2 M&S b 6.50 Cin San & Clev—See CCC&StL. Mortgage gold 45 1995_ _J&D 50Eq 4 Apr15 '20-'21 A&015 b 6.50 6 Clearfield & Jeff—See Pa & N W Detroit Riv Tun—See Mich CenEq 4%s Feb'20-Aug '23_F&A b 6.50 6 Clearf & Mahon—See B R & P Detroit & Toledo Shore Line-Indianap At Lou 1st 48 '56J&J 71 Cleveland Akron dr Columbus— 1st gold guar 48 1953._.. _J&J 60 70Monon Coal gu 5s '36 op J&D 40 General gold 58 1927_ _ M&S 91 Dul & Ir Range—lst 55'37 A&O 8934 92Ch I & StL ShL—See CCC&StL 1st cons guar g 45 1940_ _F&A 70 Dul Mis & Nor 1st 6s '22 _J&J 95

Chicago Lake Shore At Eastern- Unguaranteed 70 1st cons g Os Jan 11923., _J&J 901st M 4%81969 op 1919_J&D 803 86 Cleve Cinc Chic & St Louis— Gen g sr 58 Jan 1 1941_ _J&J 95

Chic Milw Ac Puget Sound- General 4s gold 1993__ _J&D 633 Duluth Rainy Lake & Winnipeg1st M g 48 1949 guar J&J-Q-J 60% 63 Gen M 58 Ser B 1993_ _J&J 80 84 1st 58 1910 ext 1921____J&J 92 95Chicago Milwaukee & St Paul— Deb gold 4%s 1931 J&J 74 75 Duluth South Shore & AtlanticGen g 48 A May 1 1989_ _J&J 67 67% Ref & imp Os 1929 SerA_J&J 95 96 1st gold 5s 1937 J&J 72 83Gen & ref 43.8 Jan 2014 A&O 58% 59 Equip trust 5s 1920-1929_J&J b 6.20 5.80% Dutchess Co—See Cent New EngCony be Jan 2014 Ser B F&A 66% 67% Equip trust 6s 1920-1927.J&D b 6.20 5.80% East Tenn Va Jr Ga—See So RyGen g 3%5 B May 1 1989 J&J 60 133% Cairo Div 1st g 45 1939__J&J 7134 77% Eastern Minn—See St P M & MGen 4%s May '89Ser C J&J 75% 79 C W & M Div 1st 4s g '91_J&J 013 Easton Az Amboy—See Leh ValDeb gold 4s July 1 1934 J&J 56% 59 StLDiv 1st col tr g4s'90.M&N 66 Elgin Jol & East 55 1941 M&N 90 95Cony deb 4%s '32 op '22 J&D 67 683j Spr&ColDiv 4s 1st g'40_M&S 70 Elkin dr Alleg—Os 1941_ _J&J Gold bonds 4s 1925 op '22J&D 70,4 714 White W V Div 1st 48'40_J&J 70% Elmira & Williamsport-Chic & L Sup Div g 55 '21J&J 96% 97% Cent Ind Ry gu 4s 1953_ M&N 45 66 1st Os '10 ext at 4% 1950_J&J 80 88Ch Az Mo Riv 1st bs 1926_J&J 99 Chic Ind dr St L Sh Line Ry- Income bs 2862 A&O 89 92Ch & Pac West Div 5s'21_J&J 96% 97% 1st gold guar 49 1953_A&0 48 El Paso & Rock Isld—See ElPas0 & Sou thweonDubuque Div 1st 65 1920 J&J 99 100 C I S LArClst4sg Aug'38_Q-F 78% El Paso & Southwestern Co-Fargo & So g Os ass'd '24_J&J 98% 100g Con s f Os '20 dr0105.M&N 100 New Mexico Ry & Coal Co-Mil & Nor 6sextat 4%'34J&D 78 803 CinSan&Clev con g 5s'28.J&J 88% 1st col tr g 5s Oct 1 '47 A&C) 80Cons 68 '13 ext at 4% to Cleve Colum Cin & Indianan lstArcon&coll tr g bs'51A&0 751934 J&D 74( 78 Gen cons gold Os 1934_J&J 101% Dawson R & Coal 58'51.1&J 85

Wis & Minn Div g 5s'21_J&J 9O3 97g Id Blm At W ext 4s 1940_ A&O 70% ElPas&RI Ist g gu 5s151J&J 75Wise Vail Div 1st 68'20_ _J&J 98 100 0 Ind Az W g 5s Apr 1938_Q-J 70 Erie--NY&E lst4sext g'47 M&N 80 82

Ch & No M—See Pere Marq Peor & East cons 4s '40_A&O 53 4345 3c1 ext gold 1928 _M&S 92Chicago & North Western— 2d cons Inc 4s 1990_ _ _Apr 1/ 15 18 58 4th ext gold 1920.___A&O 97Gen M 33.s g 1987 M&N 65 653 Empire Trust ctfs dep_ 27 48 5th ext gold 1928 J&D Gen M gold 4s 1987_ _ _ _M&N 75% 77 Cleveland Lorain & Wheeling- 7s 1st cons g 1920 M&S 96%Stpd non-pay Fed Inc Tax 77% Cons now 1st g 5s 1933 A&O 91 94 7s 1st cons g fund 1920_M&S 98Gen M 5s1987stp inc tax Met N 95 96 Stamped subject to call Prior lien gold 48 1996_ __J&J 52 5534Sink fund deb bs 1933_ _ M&N 90% 913 Con refg g 4s 1930 rod _J&J 80 Gen lien gold 4s 1996_ __ _J&J 40 41Sinking- fund 6s 1929___A&Obe 1929 A&O

101%953'

10997

Clev & Mahon Val—See ErleRRClev & Marietta—See Penn RR,

Cony gold 4s 1953 Ser A_ A&OSeries B 1953 A&O

35343334

3034343(30-year deb 55 1921 A&O 15 96U 973.6 Cleveland & Pitts—See Penn Co Series D 1953 A&O 38 3834Exten bonds 4s 1926_ _F&A 15 873 90 Cleve Short Line—See L S & MS Eq g 4348 Feb '20-Aug'21F&A b 6.75 6.250Equip tr 4%s 1920-1922_A&O b 5.95 5.50% Cleveland Terminal dr Valley- Eq g bs July1920-1923___J&J b 6.75 6.25Boyer Val 1st g 3ips '23_J&D 90 1st 4s gold guar 1995_ _ _M& N 84 67 Eq 434sSerBBleob'20-24 F&A b 6.75 0.25Des D Plaines Val 4 s '47_ M&S 803 Coal & Iron Ry—See Western M aryland Penn coil g 4s Feb 1 '51_ _ F&A 79 81Frem Elk & Mo 6s '33 Actr0 110 Colo & Sou 1st g 48 1029.,.... F&A 84% 86 Buffalo & Southwestern-Ia Minn & NW1st3Ms'35J&J 75 Ref M g .00 May 1 '35_ M&N 70% 71 1st g 68'08 ext to 1928 J&J 97Manitow0B&NW3%s'41J&J 7034 Ft Worth & D C Os '21_ _J&D 97 67A 2d g bs '08 ext to 1928_J&J 89

Mashf ext 1st M ts '22_ _A&O 96g Colo Sou N 0 & Pac—See St L Az F Jeff RR5s gu'09 ext to'19A&O 90Mil Lak Sh & W 6s 1921 M&N 99% Colo Spr Az Cripple Crk D Ry- Chic & At[ Term bs 1918Mich Div 1st 6s 1924 J&J 98 1st gold s f 58 193010 15 ext to July 1928 J&J 89Ashland Divlst g 68'25M&S 98 101% 1st cons 5s Oct 1942_ _ A&O

510 Ch & Erie 5s 1st g 1982_ M&N 81-ExtAtimp s f g 5s '29_ F&A 95% 9O3 Col Connec At Ter—SeeNorf &W Cleve & Mah Val g 55 '38 J&J 91 94gMilSparta&NWlst4s '47M&S 713 7434 Col Hock Val&T—See Hock Val Erie & Jersey s f Os 1955_J&J 95Mil&StateLine 1st3As'41J&J 63 Concord & Mont cons 4s '20J&D 97 Genesee River Os 1957__J&J 94%Minn & Ia 1st g 3%s '24 J&D 88% Deb 4s June 1 1920 J&D 92 Long Dock Os con g 1935 A&O 108Peoria & N W 3%s 1926 M&S 87 Deb 3345 June 1 1920_ _J&D 90 Newb & N Y 1st 55 1929_J&J 88

Prin & Northw 3%s 1926 J&J 87 Conn & Pass—lst g 45 '43.,A&0 85 NJ&NY 1st 6s 1910—St L Peo & N W 58, 1948_J&J 87 91 NewpAtRichf 1st 5s'41gu_J&J 85 Ext at 5% to 1950_ __ _ MArN 85St Paul EastGrTr43.s'47J&J 80 Conn River—Gold 4s '43_ M&S 65 NY&Gr Lake gu g 58'40 M&N 8034 85Sioux City & Pac3%s'36F&A

Chicago Peoria At St. Louis—74g 3%8 Jan 1921

3345 Jan 1 1923 J&JJ&J

9087 NYLE&WC&RR.-

1st Os curr guar 1922_ M&N 93 100Prior lien g 4s 1930_ M&S 30 40 Connecting Ry (Phila)— NYLE&WD&Ilst 63'13Certificates of deposit 25 35 let M gu 4s Mar 15'51.M&S 15 8234 87 Extended at 5% to '43 J&J 91Chic Rock Is! & PacRailway— Connellsv & Monongahela Ry- N Y Pa & 0 p 1 4%s '35 M&S 78General gold 4s 1988._ _ _J&J 72 73 1st s f gold 4s 1930 opt. _M&S 85 90 N Y Susq & Western-

Ref g 4s 1934 op to 1911 A&O .643'g 64% Cuba RR—lst g 55 1952_ _J&J 68 73 1st refunding 58 1037. J&J 5134 00Eq bs Ser H 1920-1923_ _J&J b 6.75 6 Imp & equip 5s 1900_ _ M&N 00 65 2d mtge 434s 1037.,_.,_ F&A 55Eq 4%s Apr '20-Oct'19_A&O b 8.75 6 Cum & Penn—lst g 53 '21_ M&N Gen mtge bs g 1940 _F&A .10Eq 4s May'20-'25MAtN b 8.75 6 Current Riv—See K C Ft S & M Term 1st g bs 1943_ M&N 88Eq 4 s July'20-July '27 _J&J b 6.75 0% Dallas & Waco—See Mo K & T Midland of NJ 1st 6s_1910Burl Cedar Rapids & North— Daws Ry & C'l—See El Paso & Southw estern ext at 5% to 1940_ _A&O 72Con 1st &col tr 5s g'34 A&O 90 93 Dayton St Mich.—See C H & D Wilkes&E 1st g 5s'42 J&D 54Cedar Rap Ia Falls & NW- Del & Bound Br 334s '55_F&A 70 Erie & Jersey—See Erie RR55 bold guar 1921_ _A&O 923 Delaware & Hudson— Erie & Pittsb—See Penn R.Ft-M&StL 1st gu g 75 '27 J&D 95 Cony bs 1935 A&O 823 84 European & N A—See Maine CentralChoctaw Oklahoma & Gulf— 1st lien equip g 4349 '22_ _J&J 96% 9734 Evansville & Indianapolis-Consol gold bs 1952_ _ M&N 80 89 1st & ref gold 4s 1943.,.,. M&N 76 78 Consol g guar Os 1926___J&J 7 12Choc & Memph 5s 1949_ _J&J 82 86 5% notes 1920 F&A 99 gg% Ev dr In 1st g gu Os 1924_J&J 1 7 12Peoria RyTer 4s'37 gu opJ&J

R I Ar & La 4%s 193I__M&S35613( " ii% Adirond 1st 4345 '42 gu_M&S

Albany & Susq 3%s gold 194677 Evansville & Terre Haute-

1st cons gold Os 1921._ _J&J P5%Rock Isl & Peoria 6s '25_ _J&J 95 (cony before 1916) gu_A&O 6934 1st gen bs gold 1942_ _ _A&O / 55 02St P & K C Sh L 4%8'41 F&A 62 05 BluffPoint Land Impt Co- Refund M bs July 1041., J&J 13 21Keo & Des M—lst 59 '23A&O 68 7034 1st Mg g uar 4s 1940_ _J&J 60 70 Mt Vernon 1st Os g 1923_A&O 50

Chic St L & N 0—See Ill Cent Sul Co Br 1st g 58 1930_ _A&O 28 48Chic St L & Pitts—See Penn Co T H Sr Chic—See Chic & E IllFargo & So—See Chic M & St PFitchburg-5s Jan 1 1934.J&J 844348 ref 1928 M&N 8543-is Jan 1933 J&J soy,4s refunding 1925_ _ _ _ _ M&N 874s refunding Mar 1927_ M&S 843-1

Basis. I This price includes accrued interest. k Last sale. In London. n Nominal. • Sale price.


FEB.; 19201 RAILROAD BONDSNOTICE.—All bond prices are "and interest" except where

marked "I" and income and deiaulted bonds.35

Bonds. Bid. Ask. Bonds. Bid. Ask. Bonds. Bid. Ask.

fitchburg—(Concluded)4s refunding 1027 • A&O4s Jan 1928 3 Oct 1 1920 A&O33s Oct 1 1921 A&OTroy & Boston-7s 1924_J&J

Flint & PereMarq—SeePereMarFla Cen & Pon—See Seab Air LFlorida East Coast 4%s '59 J&DFlorida South—See Atl Coast LFlorida West Shore 5s 1934_J&JFonda Johnstown & Gloversv-

1st cons ref1g g 4)is 1947_J&JGen ref1g gold 45 1950_ _J&J1st con ref 4%s '52 opt_M&N

Fort Dodge Des Moines & Sou-1st 55 1938 J&D

FtSmith&West 1st g 48154_A&OFort St UnDepDet 4%s '41 J&JFt Worth & Den C—See Col & SFt Worth & Rio Gr 4s 1928_J&JFre Elk & Mo Riv—See C &NWGalv liar & San An—See So PacGalv Houston & Henderson-

1st M 5s, 1933 A&OGenesee River—See Erie RRGen & Wyo 1st g bs 1929_ _A&OGeor & Alabama—See Seab A LGeorgia Car & N—See Seab A LGa & Fla 1st g 1956____M&NGeor Midland—See South'n RyGeorgia Pacific—See South'nityGeo RR & 13anleg 6s 1922__J&J55 Jan 1 1922 J&J4s Jan 1 1947 J&J

Ga Sou & Fla 1st g 5s 1945 J&JGettysburg & liar 55 gu '26A&OGila Val Globe & Nor—See SouGr Rap Bel & Sag—See PereMarGrand itap & Ind—See PennRRGrand Trunk West 4s £ '50_J&J

1st g gu 45 $ July 1 1950_J&JGreat Northern—C B & Q coil tr g 45 1921_J&J1st & ref g 431s 1961 op'41J&J5% notes 1920 M&S

Great Northern Ry of Canada—Con 4s 1934 opt to 1914_A&O

Green Bay & West deb ctfs A_ _Deb ctfs B

Greenbrier Ry—See ChesapeakeGreenwich & Johnsonville-

1st old 4s 1924 J&JGulf & Ship Island RR-

1st ref & term g 5sFeb'52.J&JGulf Terminal of Mobile-

1st intge g 48 1957 gu J&JHartford & Conn Western-

1st ext g 43%s July 1 1923.J&JHawkinsv & Florida Southern-

1st M 5s Apr 1952____A&OHenderson Br—See Lou & NashHocking Valley Ry-

1st cons gold 43%s 1999 J&JEq 5s 1920-1923 F&ACol & II V Ext 48 1948 A&OCol & Tol 1st g 4s 1955_F&A

Hollidaysb Bed & Cumb—See PEloosac Tunnel dr Wilmington-

1st M g 55 Sept 1922_ _ _ M&SHousatonic—See NYNH&HHouston Belt & Term 5s '37 J&JHouston H & W Tex—See Sou PHouston & Tex Cen—See Sou PHudson & Manhattan-

1st g 55 1957 opt F&AAdj in cup to 5 oFeb '57 A&O1st M 43%s 195 conv F&AN Y & Jet 1st g bs 132optF&A

Huntingdon & Broad Top-1st g 4s Sept 30 1020_ _ A&O2d mtge 45 gold 1925_ _ _ _ F&ACons 5s g Mar 31 1925_ _A&O

Huntington & Big Sandy—SeeHutchinson & S—See A 'T & S FIllinois Central-1st g 48151.J&J

1st gold 330 1951 J&JMain L ext 1st g 3)0'51_ A&O1st M £ 3s 1951 M&S1st M £ 4s 1951 A&OTr bds £ 33%s 1950 J&JColl trust gold 45 1952_ _A&OCol Tr LNO&Tg 45'53 M& NPut lines 1st g 33%s 1952_J&JRef g 4s 1955 opt 1918_M&NJt lstrefM(IC&CSL&N 0) 55 1983 Set A.... J&D

Gold 53%s Jan 1934 J&JEquip tr 430 Feb120-'23 F&AEq trust 43%s July'20-126.J&JEquip 5s Feb F&ACairo Bridge 4s g 1950 J&DLitch Div 1st g 35 1951 J&JLouisv Div 33%s g 1953 J&JMiddle Div reg fis 1921_ _ F&AOmaha Div 1st 3s g 1951 F&ASt Louis Div 330 g 1951_J&J.St Louis Div 3s g 1951 J&JSpg'field Div Ext 3 As'51.J&JWestern lines g 48 1951_ _ F&AChicago St Louis & N 0—Con g 5s Juno 15 '51.J&D15Con g 33%3J'ne15151.J&D15Eq bs.in 1920-Dec 1924 J&D

Mew Div 1st 48 g 1951 J&DKankakee & S W 5s 121_ F&ASt Louis Alton & Ter Haute—

Bellev&Car 1st (Is '23_J&DSt L South 1st g 4s 131M&SCarb&Shaw 1st g 43'32M&S

Ind BI & Wn—See C C C & St LIndiana Ill & Ia—See Chic Indtnd & Louisv—See Ch Ind & L

843%849693103

74%

70

805040

751570

563%

75

9898708792

Pacific

5754

94%82%98%

If 72537%

& Ohio

80

65

55

83

55

683%b 6.6270%69%

a RR

60

acificacific

57J 15%

5570

n 80n 70n 58Bait tic

8270%73

If 57ij 7211 6,171%67643%70

91b 6%b 6%b

80

95%

65%

723%

00643%

56.15%693%96

74%70

dr Sou

76%

756050

80

80

18

9095

6360

943%833%993%

7779%8%

85

80

65

70%6%

78

58153%7090

908062

Ohio

60756772686672

8392%

5.60%5.60%5.60%

6065

_606762%74

5.75%72%- -

100

Indianapolis Un 43%s 128_ _ M&NGen dr ref g 5s 1965 Set A_J&J

Interboro-Met tSee Street & ElInter Rap Trani Ry SecuritiesInternational & Gt Northern-

1st 6 Os 1919 (unext'd)_M&NExt at 7% to 1922__M&N

5% notes Aug. 1 1914___F&ACol Riv Bridge 7s '20.. M&N

Internat Rys (Central America)1st M 5s 1972 opt M&N

Iowa Central—See Minn & St LIa Minn & N W—See C & N WJacksonv Ter 1st 5s gu '39_J&JJamestown Frank & Clearfield-

1st g 45 1959 guar J&DJefferson—See ErieJoplin Union Station-

1st g 43.0 1940 guar op_ M&NKai Al & G R—See LS&MSKanaw & Mich See Tol dr 0 CKankakee & S W—See Ill CentKansas City Clinton & Sp-

1st 55 gold 1925 guar _ _ _A&OKan City Ft Scott & Memphis—Refdg g 4s 1936 guar_ _ _A&OCons 6s 1928 M&NCurrent Riv 1st 55 1927_A&OK C Mem & Bir 4s 1934_ M&SIncome 5s Mar 1934 Sept 1

Assented M&SKan City & Mom Ry & B-

1st 5s gold 1929 A&OHans & Mo lst 5s '22_ _F&A

Kansas City Mexico & Orient-1st gold 4s 1951 (undep.)F&A6% notes 1916 ctfs A&O

Kan City & Pac—See M K & TKan City Southern— •

1st gold 3s 1950 AM)Ref & imp't 55 Apr 1 '50_J&J

Kansas City Terminal Ry-1st g 4s 1960 op 1930_ _.._J&J430 notes 1921 J&J6 %_ notes Nov 15 '23_ M&N 15

K C Viaduct & Term Ry 1st s f43%s Sept '34 op '30 rcts_J&J

Kentucky Central—See L & NKeokuk & Des M—See C H I &Knoxv & Ohio—See South'n RyLake Erie & Western-

1st gold 5s Jan 1 1937_ _ _J&J2d g 5s 'July 1 1941 J&JNo Ohio 1st gu 5s g '45_A&O

Lake Sh & Mich So—See N Y CLeavenw'th Term Ry dr Bridge

1st M gold 5s 1923 J&JLehigh & Hudson River RR—Gen g 55 July 1 1920 guar J&J

Unguaranteed Lehigh & Lake Erie—See LehighLehigh & New England-

1st M g 5s 1945 J&JLehigh Valley-

1st 65 ext g 4s 1948 J&DCon M 6s ann reg irred_J&DCon M 6s R gold 1923 J&DCon M 43%s C 1923 J&DCon M 4 ann irred_J&DGen cons gold 4s 2003_ _ M&NGen con g 43%s 2003_ _ _ _ M&NCol tr 4s Feb120-Feb126F&AColl tr g 8s 1928 M&SEaston & Amb 58 1920._ M&NLehigh & Lake Erie-

1st 43%s 1957 gu M&SLehigh & N Y 1st 4s145_M&SLehigh Valley Coal-

1st 5s gold guar 1933_ _J&J1st 40-year gu int red to4% 1933 J&J

Lehigh Valley Ry of N Y-1st 43%s gold 1940 J&J

Leh Val 'Term 5s 1941__A&OMiddlesex Val 1st 5s '42 M&NPa&N Y Canal con 5s139 A&OCon M 43%s 1939____A&0Cons M 4s 1939 A&O

Lehigh & Wilkes—See Cent N JLex & East—See Louisv & NashLitchfield & Mad 1st 55 '34M&NLittle Miami—Gen g guar 45 1982_ ___M&N

Little Rk & Hot Sp West Ry-1st g 4s 1939 guar_ __ _ _ _J&J

Long Island-Unified g 4s '49M&SRefund g gu 4s 1949_ _ _ _M&STax-exempt N Y

1st cons g 5s July 1 1931_Q-J1st cons g 4s July 1 1931_Q-JGen mort g 45 1938 J&DFerry 1st 43%s con g 1922M&S48 gold 1932 J&DDebenture gold 55 1934_J&DDeb gold 5s 1937 M&NMontauk Ext 5s 1945.... J&JBrook & Mon 2d 55 1938 J&DL I C'y & F con 5s 1937 M&NN Y Bay Ex R 1st 5s g'43JdzJN Y I31klyn & Man Beach 1st

:gold bs 1935 Adr0N Y & H B 1st g 55 1927 M&SNorth Shore Branch-

1st con 55 g Oct 1 1932 Q-JLouisiana & Arkansas Ry-

1st s f g 5s 1927 M&SLouisiana Western—See SouthLouisv Cin & Lex—See Loulsv&Louisville Henderson & St L—

Ist mort gold 55 1946...... J&JLouisville & Jeffersonv Bridge—Guaranteed gold 451945_134(1LS

8484

883795

If 59

84

76

65

65%99%8570

f 65

11

85

56)1,

703%9598%

78%

& H R

9999

Valley

97

8311299%948871)180)i

f 6.25993%99

Li

8572

98

85

85%963%92959085

703%

6065)169

893%79%723%8965

88828585

82

72%ern PacNashv

86

62

Louisville & Nashville— Gen mort gold 6s 1930__J&D

50-year gold 55 1937._ M&NUnified gold 4s 1940 ____J&JColl tr gold 5s 1931_ _ _ _M&N

95 Equip 58 Jne '20-1923_ __J&D91 At K & Cin div 4s 1955_ M&N40 Atl Knox & Nor 1st 5s146J&D

Consol gold 4s 2002__M&SLou C & Lex 43%s g '31_M&N

62 N 0 & Mob 1st g 6s 1930_J&J2d gold 6s 1930_J&J

Pad&Memdiv 1st 4s '48_ F&A Pensacola Div 1st 6s '20_ M&S

St Louis Div 1st 6s '21_M&S84 2d 3s 1980 M&S

S H & St L div 6s 1921_ M&SHenderson Br 6s g 1931_M&S

82 Kent Central-4s g 1987_J&JLex & East 1st bs 1965_ _A&OL&N Nrob&Mont43%s145M&SLouisv & Nashv South'n joint

gold 4s 1952 J&J673% L&N Term 1st g 45 '52gu J&D

Nas F & S 1st gu g bs '37_F&A66 Newport dr Cincin Bridge-101 1st Mg 43%s 1945 guar_J&J90 Pensa & Atl 1st 6s gu '21 F&A S & N Ala Con M g 5s '36 F&A

Gen con gu g 5s 1963 A&O67 Macon Dub & Say 55 1947 J&J

Macon Terminal 5s 1965__J&J92 Mahoning Coal—See LS&MS

Maine Central-Coll tr 5s'23J&D1st & ref 434s 1935 J&D1st & ref 5s Dec 1935 J&DEur & N A 4s gold 1933_ _J&JHereford Ry—G 45 '30_ M&NKnox & LincPenSL4s'20_F&AUpper Coos 1st gu 4s '30 M&NiipperCoosEx43%s g '30 M&NWashington Co Ry 1st g gu33%s Jan 1954 op 1924_J&J

Manila RR—See Foreign Gov'tManitoba & S E—See CanadianMarglIoughton&Ont 6s'25 A&OMd Del & Va 5s 1955 gu F&AMaryl & Pa 1st g 4s 1951 M&SIncome 4s 1951 A&O

Mason City & Ft Dodge-1st M gold 45 1955 J&D

80 Memphis Union Station Co-78 1st g gu 5s Nov 1 '59__M&N66 Merchants' Br—See Term RR

Meridian Term 4s '55 guar M&NMexican International—

Prior lien g 43%s 1947_ M&S1st con gold 4s 1977 M&S

100 Stamped guar op to Mar '07100 Mexican North 1st Os 1930_J&D

Mich Cent—See NYC&HRMiddlesex Valley—See Leh Val

100 Midland of N J—See ErieMidland Term 55 1925_ _ _ _J& D

Midland Valley 5s 1943_ _A&O110_ Adj M Apr 1 '53 Ser A_Sept 28100n Series B 1996 Millen & Southw-5s 1955_ A&O 5091 MilSh & West—See Chic & N W75 Milw & No—See Chic Mil & StP813% Milw&Sparta & N W—See Chic a IN "67o Min&Pac—See M St P&SSM

1_09_ Minn & St L—lst 78 1927 J&D 99uun Pacific Ext 1st (3s 1921_ A&O

1st consol gold 5s 1934_ _M& N 93 1st ref1g gold 4s 1949_ M&S 3879 Ref&ext 55 Feb162 Ser A_Q-F

Des Mol&FtD 1st 4s, '35_J&J '25! Iowa Cent 1st g 5s 1938_J&D 70

1st & ref g 45 1951_ __M&S 4088 Minn St P & Sault Ste Marie-

1st cons gold 4s 1938_ _ _J&J873% 1st cons gold 5s 1938_ _ __J&J100 2d M gold 4s guar 1949_ _J&J95 Eqg notes 4 %sDec'19 '22J&D100 M S Ste M & Atl 4s'26 J&J96 Minn & Pac 1st 4s 193(L J&J88 MStP&SSM&CentTermRy—

lstChiTersf4s141op'16M&NMinneapolis Term—See Wis Ce

80 Minneapolis Union—See St P MMississippi Cent g bs 1049. J&J

Miss River & Bonne Terre-1st s f bs 1931 op A&O

66 Missouri Kansas & 'Texas-78 1st gold 4s 1990 J&D743% 2d gold 4s June 1 1990 F&A

Union Tr Co ctfs dep 03 1st Extension 55 1944M&N 1st & ref 4s gold 2604.. M&S75 Guaranty Trust ctfs dep_ _ _063% Gen Msfg 43%s 1936__J&J85 N Y Tr Co ctfs of dep____ 2470 Consol M g 53 1040____A&067 6% notes '16 Cent Tr ctfM&N Eq g 58 Jne 1920-23_ _J&D •

St Louis div g 45 2001A&O Boonville RR Bridge-

1st g gu s f 4s 1951_ _ _M& NDal&Waco 1st gu 53'40_M&N

92 Kan C & Pac lat4s g1990F&A Mo Kan & E 58 1942 gu_A&O

92 Missouri Kansas & Okla—

lst g gu 5s May 1'42M&Nf 50

82 mic&UTS0fMT tigs&t. T5srgCuo,4c2tfsmc&le 50sp

Sherman Shreveport & 5-1st M gu gold 55 1943_J&D

S W Coal & Imp 1st 63'29 J&J92 Texas & Okla-5s 1943_M&S

Mo Okla & Gulf RR:5s161 M&N693% Mo Pacific RR (new cony)

1st & ref 5s Jan 1923----&A 891st & ref 5s July 1928_ _....F&A 88)11st Sr ref bs Jan 1965_ _ &A 823%Gen M 45 Mar l975.. M&S 563%

Mo Pac—Cons (3s 1920___M&N

573'703%

713%

97SOU90%

b 5.957095%

8810094%7499%993%50)199100%7384%82

601,8988

79)198%9134,833%7080

97828778

97

58p.49Northe90

50/ 9

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82

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88

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75

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100%99%51

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10096)185

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rn.95506013

45

90

3027

80

74%38%434471341

81

685.75%903%

96

59%30h30323737203%263%

306%25

6062

36

658055

204039

913%898556%983%

i"1111,4 price includes accrued interest. k Last sale. In London. a Nominal. a Sale price. i Assessment paid.


36 GENERAL QUOTATIONS [VOL. 110NOTIC8.—ail nand prices are "and Interest" except where marked "f" and Income and defauited bonds.

Bonds. Bid. Ask. Bonds.

Missouri Pacific—(Concluded)Eq 5s May'20-Nov'21M&N b 7%Gold 45 Mar 1 1945 opt_ M&S 3d 7s eat to July 1938 at4% M&N 60

Boonv StL&Sou 58'51 op F&ACent Br UnPaclst g4s148J&DPac of Mo 1st ex g 48 '38_F&A 793-i2d ext 5s gold 1938_ _ _ _J&J 87%St L R E 1st 5s 1938_ _ M&N 90Car'deletBr1st4%3138 Adc0 77

St Louis Iron Mtn & Sou—Unify & Ref'g g 45 '29_J&J 73Gen con ry & 1 g 5s '31 A&O 893GenCon stpd gu g5s131Ad,c0 Eq 5sMay'20-Noy'21 M&N b 7%Riv dr Gulf Div 48 '33 M&N 67%Pine Bluff di W 5s '23_A&O 90Verd Val IdcW lst5s'26M&S 87

Mobile & Birm—See Southern RMobile de 0-1st g 6s 1927_J&D

let eaten 68 July 1927_ __Q-J 97%Gen g 45 1938 M&S 56Eq 5s May '20-Nov '23 M&N b 6.50Eq 43.s Mar '20-Sept'22M&S b 6.50Montgom Div g 5s 1947_ F&A 76%St Louis Div 55 1927_ _J&D St L & C 4s guar 1931_ _ _J&J 73%

Moh'k&Malone—See N Y C&HMonongahela Sou 5s 1955 A&O 00Mont Cent—See St P M & LIMorgan's La & Tex—See So PacMorris & Essex—See D L & WMutual Term of Buf 4s '24_J&J 90Nashville Chattanooga dr St L-

1st consol gold 58 1928_ _ A&O 943Centreville Br g 6s 1923_J&J 100Jasper Br 1st 6s 1923_ _ _ _J&J

Nash Flor & Sheff—See L & NNational Rys of Mexico—Pr lien g 4%s s f 1957_ ___J&J Jan 1914 coupon on 20July 1914 coupon on

Gen M 45 1977 A&O April 1914 coupon on

6%g notes June 1915_ _ _J&D 22Nat RR of Mex pig 4%s'26J&J 20

Jan 1914 coupon on 20July 1914 coupon on 20July 1914 coupon off 20

1st cons g 48 1951 A&O April 1914 coupon on April 1914 coupon off

Nebraska—See C B & QNew Eng RR—See NYNII&HNew Hay & No—See NYNH&HN J Junction—See N Y CentralNew Jer & New York—See ErieNew Lon Nor 1st 4s '40_ _ _ _J&J 70New Mex Ry&CI—See El Paso & SoutNew On at Nor 1st 55 '55..F&A 45New Orleans dr North E 6s 1915_Extended at 5% 1940_ _M& N 80

New Orl's Term 1st 45 '53_ _J&J 64New Orleans Texas & Mexico-

1st g 6s Oct 1925 Ser A_ _J&DNon-cum inc 55 Oct '35 Ser A _

Newport & Cin Bdge—See LoutNewp & Rich—See Conn & PassNYB&M Bch—See Long IslN Y Bay Ext RR—See Long IslNew York Central RR—Cony deb 6s 1925 M&N 92Con M 48 1998 Ser AU.. F&A 673j

New York Cent & Hud River—Rerg g 33s July 1 1997_ _J&J 65%Deb g 40 '34 tax-exempt M&N 763Deb 45 1942 tax-exemptJ&JRef & imp 4%s 2013 op_A&O6% notes Sept 15 1920_M&SNYC Lines eq 55 '20-122M&NNYC Lines eq 438'20-'25 J&JNYC Lines eq 4%s '20-127J&JNYC Lines eq43s'201-28 J&JNYC Lines eq 43.s'20-'32 J&JBos & Alb eq 4%8'20-'27 Adc0L S Col tr g 3%s 1998_ F&AM C col tr g 3%s 1998_ _ F&ABeech Cr—let 45 g gu '36 J&J2d guar g 6s 1936 J&JClf Bit C Co 1st g 45 '40J&J

Beech Creek Ext 3%5'51 A&OCart & Adir lst 4s g '81_ _J&DGouv & Osw 1st 55 g '42 J&DLake Shore & Mich South—Con g ref 3%s 1997_ _ _J&DDeb g 4s 1928 M&SGold 45 1931 M&NClev Short L 4%s '61_A&OK A & Gr R lst 5s '38_ _J&JKal & W Pig'n g 5s '40 J&J

Mahon C RR 1st 5s '34__J&JMerchants' Disp Trans Co—Eq trust 4%s 1920-26_ _J&J

Michigan Central-55 cou '31 D&BC div M&S 80%Deb g 49 1929 A&O 79Equip 5s Oct '20-'31_ _A&O b 6.12Equip 6s Mar '20-'32 M&S 6 6.121st 55 Kal & SIT 1939_M&N 831st mtge M Air L 45 '40 J&J 76%1st g 4sJol&NInd'57 J&J10 74let g 33s JL&Sag '51 M&S 70%1st g 33s 1952 M&N BayCdcBC1stM g3s'89 J&D 52Bat C&S 1st gug3s'89 J& D 45Det R Tun 4 s'61gu M&N 76Grand Riv Val 45 '59_M&S 67Tol Can Sou & D 48156 J&J 65

100%

95f 52ville &

779934

b 6%%b 0,6%b 6A7b 6%b ob 6.25

59598382%

5572%91

68%858285%859393%

nb 7.50

N Y Cent & Hud Riv—(Concl)6% Moh & Mal 4s 1991____M&S85% Consol g 3%s 2002_ _ M&S

N J June 1st 45 gu '86_ _ _ F&A NY & Har 1st g 3%s 2000 M&N N Y & Nor lst g 5s '27_ Adc084% NY & Put 1st 4s g 1993_A&O Pine Creek gu 6s 1932__J&D973 Pitts & L Erie 6s 1928_ _ _J&J

5s Jan 1 1928 A&O Pitts McK & Y 1st 65 '32 J&J

2d Cs guar 1934 J&J73% R NV & 0 con 58July '22_ _A&O90% R W & 0 cons g 3%s '22_A&O Utica & B Itiv 48 g 1922_J&J6% West Trans Co 3%s '23.. F&Au West Shore 1st 4s 2361_ _ _J&J N Y C & St L 1st g 45 '37_A&0 Deb 45 May 1 1931_M&N

N Y Connecting RR-101 1st M 43.s 1953 F&A N Y & Gr'wood Lake—See Erie59% N Y & Harlem—See N Y C &oq' N Y & Jersey—See Hud & Man690 N Y Lack dz West—See Del Lac80 NY LE &WC RR—See Erie82 N Y & L Br—See Cent of N J. N Y New Haven & Hartford—

Deb 6s Jan 15 '48 conv_J&J15 Deb 4s July 1 '55 non-convJ&J

Deb 4s 1956 non-conv__M&NDeb 4s 1947 non-cony__ M&SDeb 45 Apr 1 1922 A&O

Deb 3%s Mar 1947.. M&SDeb 3%s 1954 non-cony A&O

983 Deb 3%s 1956 conv____J&J104% Bos& N YA L 1st 4sg'55_F&A104% Cent New Eng 4s 1961__J&J

Dutchess Co 43,s '40_J&DDanb & Norwalk 4s 155_J&D

49 Con 5s July 1 1920 _J&J49 Gen 55 Apr 1 1925 _A&O40 Hari Riv & Portch 4s '54 M&N30 Housatonic con 5s 1937 M&N Naugatuck 1st 4s '54 M&N35 New Eng cons 4s '45 gu_J&J

Consol g 5s July 1 '45_ _J&JNY&NE Bos Ter 4s '39 A&O

N Hay & North 4s '56 gu J&D N Y Prov & Bos 4s '42 A&O71 N Y Westchester dr Bos Ry-

1st M g 430 1946 gu_ _J&J Prov Sec deb 45 1957 gu M&N

Prov & Springf 1st 5s '22_,J&JProv Ter 1st g 4s gu '56_ M&S

N Y & Nor—See N Y CentralNew York Ontario & Western—Ref 1st g 45 June 1902__M&S

Gen M g 45 1955 red_ _ _ J&Dhwest Eq 4%s Mar 120-Mar'28 M&S

52 NY Phila & Nor—lst g 4s '39 J&JIncome 4s Jan 1 1939_ _ _M&N

N Y Prov & Bost—See N Y N643 N Y & Putnam—See N Y Cent

N Y & Rockaway Beach—See L96 N Y Susq & NV—See Erie55 N Y Westc & Bos—See N Y N

Nashv Norf di Caro—See Atl Coast LNorfolk Southern-

1st dr ref g 58 161 op '15.._F&ANorf & Sou 1st 5s 1941_ _ M&N

1st gen g 5s 1954 opt_ _J&J92% Hal dz Cape F 1st 5s '43_ MS68 Ral & Southp con 55 '65_J&D

Suffolk & Car con 5s 152.__JdeJ6631 Norfolk Ter 1st gu 4s '61_M&N78 Nod & West gen 68 1931__M&N Imp & exten 6s 1934 F&A773 New River 1st 6s 1932_ _ A&O99 N & W Ry 1st cons 48 &O6;9 Div 1st lien & gen g 4s July 1

5.90% 1944 opt Jan 1 1929___J&J5.904 Cony g 48 1932 op 1917_J&D5.90% Cony deb 434s 1938_ _5.90% Cony 6s Sept 1929 sub rects5.90% part paid M&S61 Full paid M&S603 Cony 6% Sept 1920.. ....M&S N & W Pocahontas 45 '41 J&D Eq tr 43s 1920-1924___F&A Col Con & Ter 1st 5s g '22_J&J Scioto Val dr N E 1st 43'89 M& N North & South Caro—See Caro Northeast Penn 5s 1920_ __ A&O

N'east of S C—See Atl C L of S C69% Northern Cal Ry—See So Pac853 Northern Central-829/i Con gen M 45.s E 1925_ A&O Mort bds 58 1926 Ser A_ _J&J Mort bonds 65 1926 Ser B J&J Northern Ohio—See L E & West Northern Pacific—

Prior lien g 4s Jan 1907_ _Q-J6.50% Gen lien g 3s Jan 2047__Q-F

Ref & imp 43s 2047 Ser A J&J St P & D Div g 4s 1996__J&D803, Wash Cent 45 Mar 1948_Q-M

5.85% C B & Q Coll 4s—See Gt Nor5.85% St Paul & Dul 1st 58 '31_F&A

let consol g 4s 1968_ __J&DDul Union Dep 55 '30..A&O

St Paul & N Pac 6s g '23_ F&AReg cents 6s 1923 Q-F

7331 No Pac Ter Co—lst Cs '33_J&J North Ry of Cal—See Sou Pac North Pac Coast—See No Shore773j North Pennsylvania- 1st M 4s extended 1936_ M&N Gen g 3 3-10s 1953 J&J

Northw Term g 55 1926 gu_J&JNorwich dr Won-4s 1927_ M&SOgd'bu & L Chain—See Rutland

Bid. Ask. Bonds. I Bid. Ask.

Ohio Connecting—See Pennsylv lanlaltat80 Ohio I dr W—See C C C & St LOhio River—See Bait & Ohio

Old Colony-4s gold 1924_ F&A4s Dec 1925 J&D N ‘ gg 48 Jan 1938 J&J 75% 33.s July 1 1932_, J&J 731 Oregon & California—See SoPac Oregon-Washington RR & Nay

1st & ref g gu 45 'Cl opt__ J&J a 69102% Ore RR & Nay cons 4s146J&D At 783'3101-

Oregon Short Line—See Un Pac. _ in% OswegodzSyracuse—See D L&W91- - Pacific Coast Co—See Misc Bds94%

-__ _ _ Paducah & Illinois-

80-

1st s f 43s 1955 gu J&J 8571 ;i2%- Pan American 1st 5s '34 op J&J 75 7831 Pennsylvania RR-6731 673j Con M 4s gold 1943__ M &N $3 85do 4s gold 1948_ M&N lais 8477 78 do 46 gold 1948 sterling

Gednog 44 esi9g651960____ I, JrA 901A 91%stamped dollar bonds 30 85

St Gen g 5sDec 1 1968__flDD $111% 89%81%

Con M 33,s g £ 1945__J&J 68Col tr 4s Ph W Se B 1921_J&J 90 97RE pun mon 1st g 4s '23 M&N 92 9572 Gen ft eq 4s May 1920___Q-F b 6.00 5.50%

4931 Gen ft eq 48 Jne'20,122 _Q-M b 5.90 5.50°'48 Gen ft eq 4%s Apr '20,123_Q4 b 5.90 5.50453 Aleg Val gen 48 1942_-

_11/lits 112% 637 BaltChes&At 1st g 5s'34 Acts 40 4551 Belvidere Del gu 4s 1927._ F&A 90 94463 1st g gu 33s

1943--_ _Jda 71%

45 Cin Leb & Nor 45 1942_M&N 31Clev&Marietta,43s'35 M&N 8331Cleveland & Pittsburgh—SerA43s gen gtd 1942_J&J 373( 93SerB43s gen gtd1942 A&O 1173

Int red to 33i% Ser C 33s gen gtd '48M&NSer D 350 gen gtd '50 F&A

D Illy RR& B gu g 4s 36 F&AErie Jr Pittsburgh—Gen gu g 33s SerB '40_J&J

Series C 1940 J&JGr R & Ind Ext 43.s '41_J&JMuskegon Div g 55 '26_J&J

Holidaysb Bedford de Cumblet M g 4s 1951 guar_J&J $0 8238 Ohio Connect'g 48'43 __M&S 85% -------30 Pennsylvania Company-1st M g 4318 1921 J&J 9731 9831

-Col tr4%sr ne15121J&D 15 97 97%River- . Cu g 48 1931 op 1921..A&O 83Gu tr ctfs g 48 1952__M&N 813i593's 60 Gu tr ctfs g 3%s 1937_M&S 7234

66 Gu tr ctfs g 331s 1041_ F&A 71% 756% Cu tr ctfs g 3315 '42J&D 7382 Gu tr ctfs g 331s '44_ _J& D 723180 Ph Balt & Wash 48 '43_M&N

rt Pitts C C dr St L—River Con g gu 431sSerA '40A&O 90and do Ser B 1942__A&O 913%

do Ser C 1942M&N 883jdo Ser I 1963__F&A 8731 88do 431s Ser J '04 M&N 903do 4s Ser D '45__M&N 903

5131 do 4s Ser F 1953J&D 853184 do 48 Ser G. 1957_M&N 903170 do 45 Ser H 1960_ F&A 34. 87-_-- do 3315 Ser E '49_F&A 82 84

CStL&Pitts 1st 5s g'32A&O 98 10031Pitts Va & Char gu 4s143M&N 7978 Sodus Bay dr Sou g 58 '24_J&J fig Sun & Lew 1st g 4s 1936_J&J 82

Tol Walh Valley & Ohio-

-76% 1st g gu 431s '33 Ser B_J&J 660i 91311st g gu 451s 1931 Ser AJ&J 86 92

1st g gu 48 1942 Ser C_M&S SO76 Penn & N Y Canal,See Leh V Pennsylvania & Northwestern-

103 Pensacola & Atl—See Lou & NClearfield&Jeff 1st 6s '27_Jj&SI

Chi99c84& St L

Gen 58 Jan 1 1930 a

9731

Peoria & Eastern—See Clev On Peoria & N W—See Chic & N W7931 Peoria Ry Term—See Ch R I & rac

5.50% Peo & Pekin Un let 6s '21_Q-F 912d mort g 4%s Feb 1 '21 M&N -- 88

- 77 Pere Marquet te (New Co)—West85% 85%1st g 5s July '56 Ser A _ _ _ _J&J100 1st g 4s July '56 Ser BJ&J 69% 70

Perklomen_ lst5s118ext to'38 Q-J 95 982d 5s 1918 ext to

1938_- ..Q-J 95 08

Petersburg—See Atl Coast Line96 Phila & Bait Cent 48 1951_M&N

Phila Bait & Wash—See Pennsy Philadelphia & Erie—

Gen (now 1st) gu 6s g '20_J&J 903.1Gen g 5s July 1 1920_ ___A&O 9831

7531 Gen g 4s July 1 1920_ _ _ _A&O 985331 Phila Harrisburg & Pittsburgh-79 1st mort gld 5s 1925_ ___Adc0 9475 Phila Newt & N Y 35 '42_ _A& 0 733-166 Phila & Read—See Reading Co

Phila Wilmington & Bait—Debenture 4s 1922 M&N 93Debenture g 48 1928.. J&J 89Debenture g 48 1932 _MED 85Col tr Ws 1921—See Penna RR

Philippine Railway—Istp4s 1937 s f op gu____J&J 4331

Pine Bi & W—See St. L I, MdcSoPine Creek—See N Y Cent & 11 ul ItivPitts Bessemer & Lake Erie-

8631 P S & L E 1st g 55 1940_A&O 053173 Cons 1st g 5s July 1 '43J&J 933132 P B dc L E con g 5s 1047J&J 90 Pitts Char & Youghiogheny—

Gen Mort gtd 4s 1932...._ Adc0 80Pitts Cin Chic & St L—See Penn flitPitts Cleve & To1=See B & 0

75%7069%609573%103%103

66.507570

H & Hadc Hudong Isl

H & H

50%77%627070

74103%103

75%

75%77%

102%

783.66 5.9597%75%

Atl &95

ior100

7553767060

0168%8810199%106%

85701586

Hud R

k & We

70%- -47

65

60

63%8060Cl8080

8031

37256667%Hud

-638

83%

707077%70

$2%

75lvania

87

98

RR

10099%,99%

969288

45

f This price includes accrued insert as h Last sale. 1 In London. a Nominal. a clale price. 8 Tax-exempt


FEB., 19201 RAILROAD BONDSNOTICE.—All bond prices are "and Interest" ex

cept where marked "f" and Income and defaulted bonds.

37

Bonds. Ask.

Pittsburg Junction—See B de 0Pitts& Lake Erie—See N Y Cent & HudPitts McK & Yough—See N Y CPitts Shaw&N—lst g 5s'49 FAA / 5Gold 4s Feb 1 1952 F&A1 6% receivers' ctfs 1918_ _ M&S

Pittsburgh do Shawmut-1st 5 f g 159 1959 opt_ __J&D 50

Pitts Shen&LE—SeePBess&L EPittsb Term RR & Coal—

ist g gu s f 55 1942 J&J 90WestSideBelt 1st g 55137M&S 80

Pitts Va & Chas—See Penn RRPitts & Western—See B & 0Pittsb Youngst & Ashtabula—Consol 15s 1927 MAN 9731st gen 4s Ser A 1948—J&D 82%

Portland di Ogdensburg-1st M 435s 1928 guar_ M&N 88

Port&RFalls—lstg4s'26M&N_ 85Debenture4s Aug 1927_ _F&A 84

Portl (Me) Term gu 4s 'fil_J&J 84Es Guar 55 1961 J&J Port Reading—lst gu 58'41_Jda 90Ports GR F & Con—SeeBos&MePotomac Val—lst gu 5s g'41J&J 92Princeton & Northw—See Chic& N WProv Sec Co.—See NYNH&HProv & Springf—SeeNYNH&HProvidence Term—SeeNYNH& HProv & Worc—lst 4s 1947_A&ORaleigh & Augusta—See Seaboard AirRal&CapeFenr—See Nor South.Raleigh & Gas—See Seab Air LRal & Southp—See Nor SouthinRaleigh & S %V—See ChesapeakRaritan River-1st g 58'39•_J&JRavensw Spenc & Glen—See BaReading Company—Gang 4s Jan 1 1997 J&J 79%Jar Can g 4s '51 op 'OIL _A&O 79%Atlantic City gu 45 1951 J&Jn 70WAN a tr ctfs 4s red 105.Q-M 85Philo, & R-2d Sag 1933.. A&O 99Imp M ext g 45 1947_A&O 83Cons ext gold 43 1937_ M&S 82Term 5s g gu May 1 '41 Q-F 993%

Del R Ter p m g 53 '42M&N 99Ex p mon g 55 1042..J&J 99

Wilm ,Ic No 1st 55 '27_J&D 95Gen g 5s Aug 1 1932_Q-F 90

Phila & Read Coal & IronCol s f g 4s ext'32 gu F&A 85

Rens & Saratoga—See Del & HMehra & Deny—See SouthernRich Fredericksb & PotomacCons mtge 435s 1940.... A&O

Rich & Mecklenburg—SeeSoItRich & Peters—See Atl CoastRichmond-Washington Co—Col tr g gu 48 1943 opt_ _J&D 70

Rio Or Junc—See Deny & Rio GrandeRio Grande So—See Den & Rio GrandeRio Grande West—See Deny & Rio GrRoch & Pitts—See Buff R & PRock Isl-FriscoTerm-58127J&J 75Rock Isl Ark & La—See C It I & PeeRockIsl & Peoria—See C It I &PRome W & Og—See NYC&HRutland—Con 435s 1941_ _J&JBenn&Rut 435s g 1927_M&NOgd&LCh 1st g gu 4s'48..J&JRutl Can 1st g gu 48 '49_J&JEquip tr 435s 1923-27_ _ M&N

Sag Tusc & Hur—SeePere Marq81 Clair Mad & St Louis Belt—

Alton Bridge 1st g 48'51..J&JSt Clair Term 1st 55 1932.. FAA 95St Johns & L Cham-5s'44 M&SSt. J & Or Isl—lst g 45 _J&JSt Law & Adlron 1st 59'90..J&J2d gold Os 1990 A&O

St. Louis Al & T H—See Ill CentSt Louis Br—See Term RR AssnSt L & Cairo—See Mobile & 0St L Iron Mt&Sou—SeeMoPacBt. L Mer Br Co—See Term RRSt L Peoria & N W—SeeChic &St L Rocky Mt & P Ss 1955—SeeSt L South—See Illinois CentralSt Louis-San Fr (reorganized)Pr 1 4s 1950 Ser A J&JPr 1 tis 1950 Ser B J&JPrior lien Os 1928 Ser G_ _J&JCum adj Os July 1955. A&0Income mtge 6s July 19000ct

St Louis & San Francisco—Gen mtge g 6s 1931 J&JGen mtge gold 5s 1931_J&JCon M 48 July 1906 J&JBirm Belt 1st g gu 48122_A&OSou West Div g 55 1947_A&O

411 Louis Southwestern-1st g 4s 1989 certfs MAN2d g Inc 4s Nov '89 cert_J&J1st consol g 45 1932____J&D1st term & unif 58 1952_J&JEq 55 Ser D 1920-1023_ _ FAAEq 15s Ser B 1020-1924.. _A&0Cent Ark & Ea 1st 50140opJ&JGrays Pt Term g Ss '47_J&DShrev Bdg&Ter 53 '85 guF&A118tephenvN&STex5s1400p.J&J

St Paul Bridge & Terminal Ry_ _1st M 68 1929 J&J 99

lit Paul & Duluth—See Nor PacEt Paul East Or Trunk—See Chic & N WSt. Paul & K C Short L—See Ch'4t Paul Minn & Manitoba-

1st cons g 4s 1933 J&J1st consol g 6s 1933 J&J1st con red to 435s g '33..J&JMontana ext 1st 40137__J&DPacific Ext 1st 49 1940J&JEastern Ry of Minnesota—Nor dly 1st g 4s 1948..A&0

72

e & Ohl

It ;IC Oh

Ry

87

536

60

57%82%

NWMee C

56%68%84356041%

10092%- -8080

62%_

50%57%

b 7%b 7%63806560

R I &

85%105%90%81%

75%

Bid. Bonds. Bid. Ask. Bonds. Bid. Ask.

River

270

85

88

Line

io

80803j80

1008586100%102101%100100

95

ande

85

73

7860

678585

os.p.45

57873'8534603'42

60

_03,162515734

68

7565

101

Pac

90

91

86

80

St Paul Minn & Manit (Cone!)Minn Union 1st 6s 1922_ _J&J

1st 55 July 1922 J&J Mont Can 1st gd 65 '37_J&J

1st guar gold 53 1937.. ..J&JWil & S F 1st 55 g 1938_J&D

St P & N Pac—See No Pac St Paul Union Depot Co 53%

guar notes Dec15 '23_J&D15 Salt Lake City Up Dep & RR-

1st M 55 1938 M& N San Ant & Aran Pass—SeeSoPac

San Fr & S Jo Val—See AT&SFSan Fan Term—See Sou PacificSanta Fe Pres & Ph—See Atch

Sault Ste Marie Bridge-1st Msfg 5s July 1 1937_J&J

Say Fla&W—See All Coast Line Sav&States—lst g gu 58'53 J&J Schenectady & 1Duanesburg- 1st guar 6s 1924 M&S

Schuylkill River E S—See B & 0 Scioto Val & N E—See Nor & W Scab Air L-1st g 45 1950_A&O

Stamped Adjust M 5s, Oct 1 '49_ F&A

Ref g 4s 1959 opt A&O1st & con Os 1945 Ser A M&SEq 435s July' 20-July'22J&J15Eq g 5s July'20-Dec'19J&D15

Eq g 55 Feb'20-Aug'23 F&A15Atlanta-Birmingham Divis-

1st g 4s May 1 1933__M&S Car Cent 1st g gu 4s'49 J&JFlorida Cent & Peninsula-

1st g 5s 1918 ext to 1923at 6% J&J

1st 1 g ext 5s gold '30_ _J&J 1st con 5s gold 1943.. ..J&JSo Bound 1st g 5s'41_A&O

Georgia & Ala 5s Oct'45_J&JGa&AlaTerm lstg5s'48__J&D

Ga Car & N—Ist 5s g '29_J&JRaPhdrAug'sta—lst 6s'26 J&JRal'h&Gast'n—lst g5s'47J&JSeab&Roanoke— lst5s'26J&J

Seacoast RR of N J 5s '48_A&OSeattle Term 6s 1920-1930 Sebast & Mooseh 1st 53'28_M&SShamokin Sunb'y & Lewisb'g-2d 6s g July 1 1925 J&J

Sherman Shrev & Sou—See Mo Shreve Brdg & Ter—See St Lout

Sierra Ry of Cal-1st a f 6s, g, Apr 12'37_A&012

Sioux C & Pac—See Chic & N WSodus Bay & Sou—See Penn RRSomerset Ry 1st & ref 4s'55_J&JSouth Bound—See Seaboard ALSou Indiana—See Ch Terre Han

99901039493%

87

Top &

80

50

99

57%5634383445%70

b 6.90b 6.90b 6.90

05

8091%84

-isi100009335 8890

90Kan &s South

70

te & S

7079%10234

b 5.95b 5.95

73•-

80

8789

92%

84% 84%

92933490

99

9357%72%105

9576%90%

8375

84%57%93%

b 6.37b 6.3780%81346450

78%87%

61

10534969831

98

92

S Fe

101

585934374675

6.256.256.25%

623'

10110485

8934923492

95

Texwestern

71 I

70347041035.50%5.50%

733169348135

10092

102

923194910934

9934

96933-4007434

•

- 76%.

84315894346%6%9482

• 80913167573-4

Southern Railway—(Con.)— Aug South g 5s 1924 _J&D

ETVa&Ga—Div g 58130J&JConsol 1st g 55 1956_ _M&N

Ga Mid 1st g 35 1946__ _A&OGa Pac 1st g (is 1922_ .._J&JKnoxv & 0 1st g Os 1925_J&JL & N So joint g 4s—See L&NMob & Birm pr lien 58'45 J&JGen M g 45 1945 J&J

Mobile & 0 coll tr 4s '38 M&SRich&DanDeb5sstpd 27_ A&ORichmond & Mecklenburg-

1st g 45 Nov 1 1948_ _M&NVa Mid Series D 4-5E3'21_ M&S

Series E 55 1926 M&SSeries F 5s 1931 M&SGen'l 15a 1936 MAN

Wash O&W lot gu 48'24 FAAS & N Ala—See Louis & NashvSouth Pac Coast—See SouthernSpartanU&Col—See Ashy&SparSpokane Falls & Northern-

1st Os g 1939 J&JSpokane International-

1st g 58 1955 J&J State L & Sulliv 434s '29_ _ _J&JStaten Isld Ry—See Balt & OhioStepheny N & S Tex—See St LStiff & Carolina—See Norf & SOSunbury Hazleton & W B-

1st 5s May 1 1928 MAN2d mort inc 6s '38 coup_ MAN

Sunbury & Lew—See Penn RRSuperior Short Line—See Ch StTampa & Jacksonville-

1st M 55 1949 ctf. dept. A&OTampa North 1st 55 1936opJ&JTerm RR Assn (St Louis)

1st gold 434s 1939 A&O1st consol gold 55 1944_ _F&AGen rots f g 4s '53 op '10_J&JSt L Br 1st g 7s 1929_ _A&OStL Mar I3dge T-5s'30 A&OMar Bdge 6s '29 op '09 FAA

Terre Haute & Ind 5s 1925_J&J Terre Haute & Peoria- 1st con g 56 Sept 1 '42_ _M&S Texas Central—ist 58 1923A&O

Texas & New On—See So Pac Texas & Okla—See M. K & T

Texas & Pac 1st 5s 2000___J&D' 2d Inc g 5s Dec 2000___ _Mar

• Lou Div 1st 58 1931___ _J&JWeatherf'd Min W & North

1st gu g 5s 1930 FAA Toledo CanSou & Det—See MicToledo & Ohio Central—

ist 5s g 1935 J&JWest Div 1st 5s g 1935_ _A&OGen g 58 1935 J&D Car tr 4s Ser B 1925 J&JKane & Mich 1st 4s 1990 A&O2d M 55 1927 J&JEq 434s July'20-Jly '22J&JEq 43s July'20-Jly '24J&J

St Mary s Div 4s g 1951.: F&AToledo Peoria & Western-

ist g 4s July 1 1917 J&JToledo St L & Western-Pr lien g 3%s July 1 '25 J&J1st g 4s Apr 1 1950 A&OCol tr g 4s Ser A 1917 F&A Union Tr ctf dep

Tol Term 1st435s 1957 gu_M&NTol Walh Val & 0—SeePennRRToronto Ham & Buffalo-

1st g 4s June 1 1946_ __ _J&DTroy & Boston—See FitchburgTroy & W T Bdge 55 1939..J&DUlster & Del con 55 1928__J&D

1st ref g 48 1952 A&O Union Pacific-

ist Ry & 1 g 43 g 1947_ __J&JCony 48 1927 J&J1st & ref 4s June 2008_ _M&S

10-yr 6s July 1928 J&JOre RR & Nay—See Ore-WasOreg Sh Line 1st g 68'22_ FAA

1st consol 55 g 1946_ J&JRef g gu4s '29, op'07_J&D

Utah & Northern—• 1st 7s'08ext at 4%to'33 J&JConsol gold 55 1920_ J&J

Union Terminal Co (Dallas)1st g 55 1942 op 1022.. A&O

United N J RR & Canal Co— General gold 4s 1923___F&A General gold 45 1929___M&S

General gold 4s 1944___M&SGen 1st g 334s Mar 1 '51 M&S

Upper Coos—See Maine CentralUtah & Northern—See Union PUtica & BI R—See NYC&HUtica Clint & Bing—See Del &Vandalia RR-Con g 45 1955 Ser F&A

Ser 13 1957 MAN Vera Cruz & Pacific RR-

1st g 434s 1934 opt J&JVerdig Val Ind & W—See Mo PaVermont Val 1st 435s '40_A&OVicksburg & Meridian—See AlaVicks Shreve & Pac—

P 1 6s'15 ext 5% '40__M&NGen 58 May 1 1941M&N

Virginia Midland—See So RyVa & Southw 58 2003 J&J

1st con g 55 1958 A&OVirginian Ry-

1st M g 55 1962 opt M&N

9188%473(999731

853156%9235

6195% 919091g85g

Pacific

95

65

SW

9598

P M &

5 30

82%853470%101%85%9586

8080

84f 5181%

h Cent

828034

b 8.55688734

b 6.50b 6.50

57

74%4434

70

66

10083

81348674%101

h RR &10092%82%

91%

80

943492813473

aciflo

Hud

78%

15

77& Vicki;

8575

82%60

82%

709389%519934

976656%102

100

9395

75

Om

40

83%9172103%91

88

84%5235

70

84%8379%8%709666

40 AD

50

463434%1973

7134

10285%85

8286%74%10-35Nay10192%84

819334

85

9794

78

913(

91

8662

84

Southern Pacific Co—Coll tr 4s(CP) Aug 1 '49_J&DCony g 4s Jne l'29op'14_M&SCony g 58 1934 _ J&DEq 435s 1920-Sept 1923M &SCar tr 415s '20-Mar'23_M&SAust & Nor 1st 55 g '41_ _J&J Central Pacific-

1st refdg 45 g g'd '49..F&A1st g gu4s Oct 1 1954..A&OM 3355 g g'd Aug 1'29..J&D

Galveston Harrisb & SanAnMex&P Div 1st 58'31_ MAN2d M 5s 1931 gu____J&J

Gila Val Globe & Northern-1st g 55 Nov 1 1924_ _M&N

Houston East & West Texas-1st 5s g May 1 1033.... MAN1st guar g 5s Mar'33_M&N

Houston & Texas Central-1st 1 g 5s 1937 J&JGen gold 4s 1921_ _ _ _ A&OWaco &NWD1v6s g'30M&N

La West 1st (is 1921 J&J Morgan's Louis's & Texas-

1st g 6s 1920 J&JNorth Cal Ry g 55 1929_J&D NoRy ofCal 55 g gu 1938A&O Oregon & Cal 1st 55 1927_J&JS A & Ar Pass g gu 4s '43_J&JSan Fran Term 1st 48'50 A&OSo Pacific Br (is 1937_ A&OSouthern Pacific RR Cal-

1st con g 5s gu 1937_ _M&N1st ref g 48 1955 op '10 J&J

So Pac Coast 1st g4s '37_J&J.Texas & N 0—

Consol gold 5s 1943......J&JDallas Div 1st g 48130_F&A

Southern Railway- 1st consol gold 5s 1904.. J&J Develop & gen M g 43'56 A&O

6% notes 1922 M&SEqtrg430 Feb' 20-Feb'21 F&AEqtrg 435sApr'20-Apr'20A&OE Tenn reor lien 5s 1938_M&S1st Mem div g 5s 1996_ _ _J&JSt Louis Div Ist g 4s 1951 J&JAiken Br 1st g 4s 1998__J&JAtlanta & Charlotte Air Line

1st M 434s 1944 ser A_J&J1st M 5s 1944 ser BJ&J

Atl & Danville 1st 4s '48_J&J 2d g 43 1948 J&J

Atl & Yad 1st gu g 48149_A&O

.6 !twits. 4 On basis of 25 to the I. Thin prleo Includes accrued Int. k ',rot mile In London. .


38 RAILROAD STOCKS [VOL. 110Bonds and Stocks. Ask.

Wabash—lit gold Si 1939 M&N 89 89%2d gold Si 1939 F&A 80 84Dab mort Os ser B 1939__J&J Equip g Si Mar 1 1921_M&S 98% lit lien term g 4s 1954.. _ _J&J 70 n4% gold notes May'20_M&N 92Det & Chi ext lit g 55 '41 J&J 88%Des M div lit g 4s 1939_J&J 75yTol dz Chic 45 g 1941_ ___M&S 70Omaha Div let 334e g '41A&O 65Warren RR—See D L & W

Wash dr Colum Riv-4s '35 J&J Washington Cent—See Nor PacWash Co Ry—See Maine CentWash 0 & W—See Southern RyWash Term Co.-3%s 1945.P&A 70 72let g 48 1945 guar F&A 78Weatherford Min Wells & N—Se e Tex & PacWest Jersey & Sea Shore—Consol g 45 1936_ J&J 83Cons 34s g Ser B 1930J&J 77

West Maryland-4s 1952_ _A& 0 50 50%5% gold notes 1915 op_ _J&J Bait & Harris g Si '36_ _ M&N lit M West Ext g fis '38Mdc N Coal dz Ir Ry Si g 1920_ _ Fdr A Wed N Y & Penn Si 1937_ Adz.) 93Gen mort gold 4s 1943__A&O 63 65%Income g Se Apr 1943_ _Nov 1 J 25Western Pacific RR Corp-1st M fie Mar 1 1946___M&S 81 823Western Pa—lit g 4s 1928_J&D 90

West Ry of Ala-4%s 1918Ext at 6% to Oct 1 1928_A&O 97

Western Transit—See N Y CWest Shore—See N YC& H R RR CoWest Side Belt—See Pitts TermWest Va & Pitts—See B & 0Wheeling & Lake Erie RE—M cousol g 4s 1949_ M&S 52% 54%Ref M 4%, Ser A, 1966. M&S 50% 53L Erie Div lit g Si 1926A&() 90 92Wheeling Div lit g Si '28 J&J 92 95Exten & imp: g 5s 1930F &A 81% Wheeling Term-4s 1940.. F&A 72Wichita Falls & Northwestern—lit Si Jan 1939 J&J 60 70lit & ref g Si 1940 op_ J&J 31 36Wichita Union Term Ry-1st g gu 4%s '41 opt_ M&N C 77 82

& East—See NYS&WWilliamsport dr N Branch RR—lit ref g 4%s 1931J&J J 10W illmardrl8Falls—See St P M& MWil & Nor—See Phila de Read'sWil dr Weldon—See Atl Coast LWinston-Salem Southbound-11,1 guar 4s 1960 J&J 663 76%Wise Cent Ry—let m g 40'49 J&J 67% 68%Marshfield & South East Divpur mon 1st g 48 1951_ M&N 60Sup dr Dui Div 4s 1936_ _M&N 63% 70Minneap Term 3%s'50op J&J - .Macon Val—See C M dr St PWorNash&Roch— 4s Jan'30 J&J 80as Oct 1 1934 A& 0 74Yosemite Val s f g Si 1936_J&J 30

RAILROAD STOCKS. ParAla Great Southern corn__ __ 50 d 42 45Preferred 50 d 50 52Alabama & Vicksburg 100 Albany &Susquehanna (gu) 100 160Allegheny & West (guar). 90 100_l00Ann Arbor common 100 113. 12%Preferred 100 24 25Atch Top & Santa Fe 100 82% 83Preferred 100 78% 79%Atlanta Birm & Atlanttc 100Allan & Char Air L (guar) 100 145 155Atlanta & West Point 100 125Atlantic Coast L Co of Ct 50Atlantic Coast L RR com 100 89 89%Atlantic let leased lines rent tr_ 73 76Augusta & Say (guar) 100 85 90Bait &Ohio—Common 100 31% 31%Preferred 100 44 44%Beech Cr (guar N Y C) 50 25 31Bost & Alb (guar N Y C _l00 124 125%Bost & Lowell (guar B & M)_100Boston &Maine 100 33 33-Preferred 100 40 441st pref A 100 42 441st pref B 100 71 731st pref C 100 61 621st pref D 100 93Bost & Prov (guar Old Col)_ 100 132Boston Rev Beach & Lynn.._ 100 98 102Buffalo Roch & Pittsburgh.. _100 45% 50Preferred 100 Buff & Susq RR Corp corn.. 100 60 70Preferred 100 49 50Camden &Burl Co (guar) 25 d 25 30Canada Southern 100 41% 50Canadian Pulite 100 127% 128Preferred 100 Id 65 68CaroClinchfield & Ohio com.100 Preferred 100 Catawissa RR-1st pf (guar) SO d 37 42Id pref (guar P & R) 50 d 39 42Cayuga & Bugg (gu D L & W) 30 d 40 50Central of New Jersey 100 170 210Chesapeake & Ohio 100 55 55%Chicago & Alton RR 100 7 10Preferred 100 9 15Chic Burl & Quincy 100 Chic Gt West corn 100 8% 8%Preferred 100 23 23%Chic&East Ill—corn ctf dep_100 4 5Pref Equit Tr cif dep 5 7Chic Ind dc Loulev corn 100 Preferred 100 Chicago Milw & St Paul____100 37 37%Preened 100 52% 52U

Stocks. Par. Bid

Chicago & North Western.. 100 84nPreferred 100 116

Chic R I & Pac corn temp cas 26%7% pref temp etre 69%6% pref temp ctfe.. 59%

Chicago St Paul Minn & 0_100 60Preferred 100 90

Chic Terre Haute & S E 100Cin Indianapolis & Western _100 Preferred 100

Cinc New On & Tex Pac ____100 Preferred 100 75

Cincinnati Northern 100 36On Sandusky & Cleve pref_ 50 d 50Clev Cin Chicago & St L 100 45

Preferred 100 633Cle• & Pitts (Guar Pa RR)_ 50 d

Betterm't stk (Gu Pa RR) 50 d 34Colorado & Southern 182 g8rr 1st preferred2d preferred 100 42

Columbus dr Xenia (Guar) 50 72Concord & Ports (guar) _ _ 100 105Conn & Passumpsic Pf (gu) 100 62Cripple Creek Central 100 4

Preferred 100 10Cuba RR preferred 100Dayton & Mich corn (guar). 50

Pref (guar C H dr D) 50Delaware & Bound Br (gu) 100Delaware & Hudson 100Delaware Lack & West 50Delaware_ 215Denver & Rio Grande 100

Preferred 100Des Moines & Fort Dodge.. 100

Preferred_ 100Detroit Hills & S W (guar) 100Detroit & Mackinac 100

Preferred 100 75Detroit Toledo & Ironton.. 100

Preferred 100Duluth South Shore & Atl 100

Preferred 100East Penne (guar P & R)...._ 50Elmira & W'msport (guar)._ 50

Pref (guar Nor Cent) 50Erie—Common 100

let pref 1002nd pref . 100

Erie & Kalamazoo (guar) 50Erie & Pitts (guar Pa RIO 50Fonda Johns & Glov corn.. .100Ft Dodge Des M & Sou pref_ 100Ft Wayne & Jack—pref (gu) 100Geor RR & Bank Co (guar) 100Georgia Southern & Florida_100

let preferred 1002nd preferred 100

Grand Rapids & Indiana.. _.A00Grand River Valley (guar.. 100Great Northern Ry—Pref.. .100Ore certificates

Green Bay dr Western 100Deb ctfe A & B—See under bo

Gulf Mobile & North corn _100Preferred 100

Harrisburg Ports Mt J & Lan 50Hartford & Conn Western...100Hocking Valley—Common..100Hudson Companies—Pref 100Hudson & Manhattan 100

Preferred 100 2Huntingd & Broad Top • t c 50 d Preferred • t c 50 d

Illinois Central 100 89Leased lines (guar) 100 54Stk tr ctfe—See RR Secure CoInt & Grt Nor Hold Corp....100 -IInternet Rye (Cent Am) com100id 7Preferred 1,98 Id 4:!!

Iowa Central ,

Jackson Lane & Sag (guar)_ _100 87%Joliet & Chic (guar C dr A) 100 95Kal Allegan & Or Rap (gu)_ _100 90K C Ft Scott dc Memphis Ry—Pref Cent Tr ctf dep stpd_100 50

K C St L& Chic—Pref (gu)_100 70Kansas City Southern 100 15%Preferred 100 45Keokuk dr Des Moines 100 3%

g'Preferred

Lackawanna RR of N J 188 Lake Erie & Western 100 10

Preferred 100 15%Lehigh & New York nref 100Lehigh Valley 50 d 43

Preferred 50 d Little Miami orig guar 50 d 74Spec guar betterment stk 50 d 34

Lit Schuyl Nay RR&Coal(gu)50 d 40Long Island RR 50 d Louis dr Mo Rh! pref (guar).. 100 85Louley Hend & St L corn......100 4

Preferred 100 18Louisville & Nashville 100 1053.Mahoning Coal RR 50 d 325Pref (guar L S & M 5) 50 d 41

Maine Central 100 68Preferred 100

Manchester dc Lawrence .._100 Maryland & Penneylvania__100 Massawippi Valley (guar)_ _100 Michigan Central 100 82Mine Hill & Schuyl Hay (gu) 50 d 50Minneap & St Louis new......100 13Minneapolis St P & S S M 100 713-Preferred 100 914% Leased Line Cite_.._. 100 51

d 25d 6514093

cl 167%d 34

71231

1560

3%650365712U20147055

- - --888522712654016

12577%38%

nds,

30d 92

20

Ask Stocks '

86 Mississippi Central 100120 Missouri Kansas & Texas_ 10026% Preferred 10070 Missouri Pac Ry trust ctfe 10060 Preferred trust certits 10062 Mobile & Birm pref (guar).._ 100100 Mobile & Ohio—See South% Ry Morris & Essex (guar) 50 Nashua & Lowell 130 Nash Chat & St Louis 100240 Nashv & Decatur (gu L & N) 2585 National Rye of Mex 1st pref100 Second preferred 10060 New Ori Tex & Mos • t c

NY-18 Blyn & Man B pref (gu)_ 10080 New York Central RR 10080 Dividend payable in London38 New YorkChic & St Loule-10025 at 10055 2d preferred 10048 New York & Harlem (guar).. 50

79 N Y Lack & West (guar)_ _100 New York New Hay & Hart.. 100 N Y Ontario de Western.. ...1008 Norfolk Southern

100)

15 Norfolk &Western Ry Adjust preferred 10(

rf 00 33 No Carolina (guar So RR)_10075 Northern Central (gu Pa RR) 50160 North'n N H (guar B & M)_100

95 Northern Pacific Ry 100172% Nor RR of NJ (gu Erie)........10038 Northern Securities Co stubs__8 North Pennsylv (gu P dr R).. _ 5013%, Norwich & Wore pref (guar)1002 Ogden Mine RR(gu CenNJ) 10025 Old Colony (gu NYNH&H)_10070 Ontario de Quebec 10085 Oswego & Syra (gu DL&W)_ 50 Pac Coast Co—See Misc stocks Pennsylvania Railroad 50 Peoria & Bureau Val (guar)..1004 Peoria & Eastern 1009 Pere Marquette temp • t c 10052 Pref temp yot tr etre 10040 Prior pref temp • to 10060 Phila Germ & Norris (guar)_ 5013 Phila & Trent (gu Pa RR)....10020% Pittsburgh Bess dr Lake Erie 5014j/2 Preferred 5080 Pittsb Cin Chic tic St Louis...100 Patel) Ft W &Chic prof (gu)_100

Common (guar Pa RR)-10093 Pittsburgh & Lake Erie____ 5095 Pittsb McK de Yough (guar) 50231 Pittsb &West Va corn 100 Preferred 100 Pitts Youngst & Asht pref_ .100

Prov & Worcester (guar) 10020 Providence Warren & B___100

Railroad Securities Co--78% 4% III Cent Stock cite 1952_ _383% Reading Co 50

lot preferred 502d preferred 50

8% Rensselaer de Saratoga (guar)10032% Rich Fred dr Pot—Common..100 Dividend obligations 100 6% guaranteed 100

7% guaranteed 100Rich & P & R F &C Conn_ 70

1 Rio Grande Southern 4 Roch &Genesee Val RR__ _11()(00)

Rome & Clinton (gu D & H)100Rutland preferred 10090 St Joseph dc Grand Island.. 100

59 lot preferred 1002d preferred 1008 St Louis Bridge lit pref.. __.1009 2d preferred 10047 St Louis-San Fr stk tr ctfs_1008 Pref stock tr ctfs Ser A 100

St Louis Southwestern 110 Preferred 110001110 Saratoga dr Schenectady (gu)100Seaboard Air Line corn 10058 Preferred 10(185 Sharon

16 Southern Pacific Co 11148 Southern Ry common 1004% Preferred 10030 Mob & Ohio stock In ctfs 74 Southwest'n of Ga (guar).. ...10010% Texas & Pacific 10017% Toledo St L & Western

Pr

loo

"i5x; Empire Tr Co ctf dep _

Preferred Empire Tr Co ctf dep

80 . Troy dc Gr'bush (gu N Y C)15°0038 Tunnel RR of St L 10042 Union Pacific—Common_ 100

Preferred 100100 United N J RR dc Canal (gu)1008 Utica Chen dr Susq Val (gu).. 10024 Utica Clinton & Binghamton100108 Valley RR (N Y) (guar)._ _100

400 Vermont & Mass (guar)._ _ _10049 Virginian Ry 10064 Wabash Ry 100

Pref A 100k 99 Pref B 100Ware Riv RR (gu B & A).. 100k 72 Warren N J (guar D L & W) 50 West Meryl Ry new corn...... 100

51 let pref 10013% 2nd pref .10073 Western Pacific RR Corp. ...10096 Preferred 10059 West Jersey & Bea Sh—Corn 50

Wheel & Lake Erie Ry Preferred

100100

Wisconsin Central 100Wrightsville & Termille, corn 25

Bid. Ash—

13 188n 913 13n25% 25%,403-5 41%;45 55

d 70% 76130 140101 113

d 35 389 185% 641 42%90 10069% 70

ldx88 9027 2958 7043% 48

d 90 11085 9227% 27%17 18

9:0.f, 9667 71135 145

6983 85

z 78% 78%51 64

d 75 80d 75 80 s 7570 9077 80

Ic1108 113d 70 80

d 42% 42%100 11012 1429% 3047 5065 66%. s115

• 185 200d 22 27d 48 50

45 55122% 131110 120

d 120 130d 50 60

28 28%78 79:120 127 k 114

49 51d 74% 75%d 34 34%:d 34% 35102 117220 250205 210 240 240

95 12575 9517 18

87 9642 4719 19%25 26%12% 13%24 25(90 1107% 7%14 15

(I 34 40my" 100%213 2254% 5545 5588 93363. 36%

1211 1215 2520 25

• 60 7085 95122n 12367 67n183 189105 11250 6085 9585 87

s sx22% 2314X 1535

105d 55 64

10% 10%22 2917 18231 24%5'7 60

4 ___ 3 3811% 1218 1926 32

d 12

toBasis. d Price per share, not per cent. f Flat price. k Last sale. I In London. n Nominal. s Sale price. I New stock. z Ex-rights.


39

PUBLIC UTILITIESIn the following rearrangement of our quotation lists we bring toget

her under the general designation of "Public,

Utilities," all the different forms of such securities, thinking it easier for the reader to find any particular issue in

general list than when the securities are subdivided under separate heads and there is doubt as to what head to look

under. In other words, under "Public Utilities," we include Street and Electric Railways, Gas, Electric, Power, Water

and Telegraph and Telephone Companies.In quoting Public Utility bonds, we employ the same method as in quoti

ng the bonds of steam railroads. The great

majority of issues being quoted "and interest," we use no designating mark whatever where that is the case. On the

other hand, we prefix the letter "f" where there is a deviation from this rule; in such cases the interest forms part of the

price. Unless, therefore, "f" appears against a quotation, the buyer will understand that the accrued interest is to be

added on. This, however, does not apply to income bonds and bonds in default, in which cases the price takes account

of the interest (should any payment be announced) and no designating mark is employed.

NoriCii.—All bond prices are "and interest' except wriere marked "f" and income and defaulted bonds.

Bonds. Bid. Ade, Bonds. Bid. Ask. Bonds. B(d. Ask.•••••••••

Adirondack Elec Power Corp— Bost Eley—West End St. (Cone I) Cnicago Elevated Rye-

lit M gold 5s 1902 opt__ _J&J 82 86 4%s July 11930 J&J 5% notes 1916 ext 1919 _J&J

Alabama Power— 45 tug 1 1932.____FAA Chic June RR 48 1945 _M&S

lit M 5s 1946 opt 1921_ _ M&S 82 85 Bost&Worc St Ry 4%s '23 F&A n 50 60 Chic North Shore & Milw RR-

8% gold notes 1922._ ._J&J Brazilian Tr Lt & Power- 1st M g 58 1936 J&J 73 78

Alabama Water 181 851932 _Jda 97 100 ()% gold notesNov1.22_M&N n 96 97% Chicago & Oak Park Elec Ry—

Deb 7s 1924 J&J Bridgeport Gas Lt 48 1952 _J&J 80 82 Lake St El let 58 1928 gu_J&J

Albany Ry—See United Tract'n Bridgeton & MillyTr 58 '30_Jda . Chicago Railways Co-

Albany Sou RR let 5s '39_ M&S Bristol 0 dr E Si 1939 J&J 72 76 1st in g 5s 1927 opt FAA 65 71

Alton Gran & St Tr—See East St L Su Bway&7th Ave RR—See NY Rys Con M 56 Ser A Feb '27_Ade0 48%

Altoona & Logan Val Elec Ry— Sway Surface RR—See N Y Rys Series B Feb 1927__J&D 30 38

(Jon g 4%s 1933 gu_F&A 15 50 60 Bronx G&E 5s '80 op aft'20_J&J 60 70 Series C Feb 1927___F&A

American Cities Co— Bklyn Boro Gas 5s 1945 op J&D Fur mon 4-5s Feb '27 op-J&J 25 30--

Coil trust g 5-84 1919 opt_JAJ 48% _ Bklyn City & New RR—See C I& Bk RR Adj inc 4s Feb 1927 op ,.May 18 20

Ctfs of deposit 48%, 49 Brooklyn Rap Tran-58145 A&O 37 Chic Sou Bend & Nor Ind RR—

American Gas-- let ref gold 4s 2002. jsdtOjj

29 let g 5s Jan 1 1937____ f 30 40

Cony coil tr g Ss 1920_ _ _ J&D 99 100 3-yr 7% notes 1921

fff234560x3

457A Chicago Telep 5s '23 op '13.J&D 93% 93

Non-cony coil tr g Si '20_ J&D 96 98 Cent Un Tr temp ctfs dep_ f 42 44% Chris & 10th Sts RR—See N Y Rye

Deb (is 2016 _ _J&Jam Gas & Elec coll 5s 2007.P& A

8080%

8582

Temp ctfs dep stpd Fiklyn City-1st 5s 1941 _JAJ

1 3969

41%,77

Cicero Gas—See Northwest GasCm n D A T Trac gold 5s '22_Jden

Light & Coke

8% gold notes 1921___ _J&D 97 983 Liklyn Hgts 1s1 5s 1941_ A&Of 23 50 South Ohio Trac 5s '20_ _ MAN

am Pow & LI 6% notes'21.F&A 93 Brooklyn Queens Co A Sub- Cin & H Os g Apr 1 1918J&J

Deb g 8s 2016 WAS 74 76 M g 58 1941 opt '16 Ski I 35 50 Cincinnati Gas A Electric-

American Public Service— ist con gu 5s July '41. WAN 1 20 35 1st & ref 5s 1958 Ser A_ _ Ade° 84% 90

lit lien 6s 1942_ ___ J&D 83 91 Bklyn Un Elev 5s 1950 62 67 Cincinnati Gas Transportation-

Amer Pub UM Coll Os '36_ A&OAmerican Railways—

78 83_FAA

Stamped guaranteed --------Kings Co El 1st 45 1949_ F&A

64%60

lit 5s 1933 guar op '13_J&JDouble guarantee__ -__ _

9999

100100

Coll trust cony g Si 1931_ F&AAmerican TelephTeleg Co—

75 80 Stamped guaranteed _ _ _Nassau Elec—lst Si '44 .A.A0 -f 88 --

5700

Cin New & Coy Ry 58 1922_J&J2d g 5s July 1922 _ J&J

8980

92

Coll tr g 4s 1929._ J&J 77Vi 78 let g 45 Jan 1 1951 _ _J&J f 28 28 So Coy & Chi (is g 1932__J&J 98

Cony g 4s '36 cony af'09.M&S 69% Atlantic Av con 5s g '31-AA()f 60 65 Cities Service Co—

Cony4%s'33op aft 1925-M&S 84 85 Bkln Bath&WE 50'33 Ade0 t 40 Cosnevrigesdceb 7s 1986 Ser 13_J&J 158 162

Coll tr 55 1946 J&D 81% 82 ElklynUnGaslst con5s g'45M&N 73 76 103 105

Cony 65 Aug 1925 F&A 98' 99 Brownsville Aye—See Phil& Co Citizens' Gas (Indianapolis)—

69' notes Feb 1 1924_ _ _ F&A 65' 4 963 Buffalo City Gas g 5s 1947_ A&O / let & ref g 58 1942 JAJ 84 87

69 notes Oct 1 1922 _A&O 90% 90% Buff (len Elec let Si 1939_ FAA 90 96% Citizens L, .1K&P(Johnstown,Pa)

Amer W W & El 5s 1934_ _ A&O 55 57 let ref 58 April 1 1939_ 88 89 1st g 55 1934 opt 1914_ _Mdt N 84 88

&nacos & Pot River RR—See W ash if & El_M.!

-----FAADeb 8s 1923 1923 102 Citizens' Ry & Lt—See Muscati no Lt & Tree

Appalachian Pow 55 1941_J&D 67% 70%----

Buff dc Lack Tr let 58'2Rop J&D 10 Citizens St Ry—See Ind Tr de Ter

Ardmore St Ry—See Phila Co Buffalo de Lake Erie Traction — Citizens' Tract—See Phila. Co.

Arizona Pow 6s '33 op '13_51deN 65 70 1st & ref g 58 '38 op s f \CAN / ' City Elec San Fran fis 1937_J&J 84% 35

Arkansas Light & Power— Hamburg Ry 4s 1928. _MA N City & Sub Ry—See Port (Ore) Ry

lit M s f Os 1945 _ A&O 82 85 Buff & Meg Falls El L & Pow- City & Sub—See Un Ry A El (B alt)

Arkansas Valley Ry Lt & Pow 1st g 55 1942______ _ 93% 98% City A Sub Ry—See Wash Ry & El

7% notes 1920 J&Dasheville (N 0) Pow & Light--

97 99_FAA

Burl'ton (Vt) U L fis 1955_ _J&JBurlington (la) Ry A Light-

72 77 Cie,' El Ill let Si '39 op'24_Adc0Clay Painesv A Astitab Elec-

87 90

1st I f g Si 1942 opt__ A&O 1st s f gold 50 1932 opt . _ WAS 70 75 1st gold fis July 1 1922.. _J&J

inland (Who) L Pow &St fly— Butte El&P Islet 5s'20-'51 J&D 89 92% Clew Pains A East Con 5s'18—

Iii M gold Si 1939 J&J 74 82 California Electric Generating- Ext at 7% to 1923_ _A&O

Atchison Ry, Light & Power— 1st s f g 58 '48 opt aft'12M&S 80 Cloy Ry let Ss 1931 opt__ WAS

lit Si Nov 1935 MAN 70 80 California Gas & Elec Corp— Cleve Southwest & Colum Ry-

Athens (Ga) Ry & Electric- Sink fund g tis 1933 opt_M&S 91 94 1st gen con 5s 1927 opt_ _ Ade()

1st & ref if g fis '50 op'15 J.A.1 60 75 Unif&ref g 58 '37 op s f _WAN 87% 87% Clev&SW let 58 '23op'13.PAA

Atlanta Cons St RR-See Ga RAtlanta Gas Lt 5s g 1947_ _J&D

y & P:93%

Cal Cent Gas de El fis'31_F&ACal Pac Ry—See Pacific Elec R

91 94% Cl BerEly&Ober5s g '19_ WAS Clay Ely & W 5s 1920 __FAA vi 80 .45

Atlanta Nor Ry—See Ga Ry de El Calumet & South Chicago Ry- CoastCos LAP let 58'48op FAA 87

Atlantic Ave RR—See Bklyn R ap Ti 1st M rehab g 58 '27op'12P&A 58 05 ColoradoPower-lst 5s 1953WAN 80 83

Atlantic City (N Camden & Sub Ry—See Public Service Corp Columbia G A E 1st Si 87% 89

g Si Jan 1 '80 opt' 20_ J&J a 50 Canadian L & P 5s'49 op'14 Jda Stamped 82 87%

All City de Sh RR-5s '45_ J&D Canal & Claib RR—See N 0 Ry& L Deb. 5s 1927 J&J 79 83

Allan Coast El let fis '45_ _ MAN Canton-Akron let g 58 '22M AS 80 85 Columbia (S C) Ry Gas dr El Co — .

Auburn & Syracuse Elec RR— Canton Mass let g 58'20. MAN 86 90 let Msf g Se 1938_ _ _ _J&J

lit de ref g 53 '42 opt '12_ A&O 72 Can-N Phila g 5823 opt _ Pde A 80 85 Col Buckeye L A New—See Col Newark &Zanes

Augusta-Aiken Ry & El Corp— Canton (0) El 5E1'37 op '12M&N ---- - Columbus Dela & Marion Elec

Sink fd g Si Dec 1 '35 opt .J&D Capital Trac (Wash, D C)- Co 1st & ref 5s, June 1937 _ _ 75 80

Augusta Ry & El 55 '40_J&D 77 1st g 5s June 1 1947____J&D 93 ,933, Columbus (Ga) El Co 55 '33A&O 79 85

Aurora Elgin & Chicago RR— Carbondale Ry 5s Nov '33_J&J 70 80 Columbus(0)Gas let 5s g'32J&J 85

lit de ref g 5s 1940 opt_ _ _J&J f 20 35 Carolina Power & Light— Columbus(0)Interurban Ter Co.

A EdeC Re Mg 50'41 A&015 Austin (Tex) Gas Lt (Ss '31_ Q&J 88 95

let Mg Si 1938 ACass Av F'r Gr'ds Ry—SeeUA 83nited R

871 (St Li

1st guar 5s 1935 Col Loud Springf Ry—Seej&InDd 70Col &

80East

Salt & Ann 8 L—See Md El Ry Central Ark Ry & Lt Corp- Columbus Newark A Zauesv-

Balt Elec lug Si '47 guJ&D 85 87 let 1 5 f 5s 1928 M&S 75 80 1st gold 5s 1924 Md F

BaltSpP&Ches—See Un Rya& ElBait 'Fraction—See On Ry A ElBangor(Me)Po 4-4 %-59'31 Mdr S

Central California Traction—let s f g 58, 1938, opt_ _ _ A&O

Cent Crosst RR—See N Y Rys

Gen & ref gold 5s 1926_ M&S Col Buck Lake A New Tn.,

1st gold 58 1921 MAN

.9 20

Bangor Ry & Electric— Central District Telephone- Zanesville Ry, Lt de Power -

lit cons g 5s 1935 opt__ J&J 75 85 let e f g 5s 1943 op '18_ _JdeD 96 97 55 1912 ext to Mar'24_ Ade°

Bay Counties Pow Si '30_ _ M&S 98 Cent Ga Pow—See Ga L Pow de Rye Colum & 9th Av RR—See N Y Rys

BeayerValTrac len g 58153M&N 65 Central Hudson Gas & Elec- Columbus (Ga) Pow tis'38_ Ade° 83 87

BeliTelp Canada Deb 5s'25Ade0 93 1st A ref 5s 1941 J& D 85 90 Columbus Ry, Pow & Light—

Berkshire Stint g Si 1922_ _J&D CentralIllsLight lst5s 1943 Ade0 73 85 let ref A ext s f 58 1940 _ A& 0 60 75

Binghamton Gas Si 1938_ _A&O 82 88 Central Illinois Public Service—Service— Col Ry 1st 4s '39 opt '14_Q-J 60 65

Binghamton(NY) L. H & P—lat ref Si 1948 FAA

let & ref g 55 1952 Central Indiana Gas—

FAA 70 75 Col St Ry let 58 g 1932_ Att.)Cross St 1st 5s g 1933_ J&D

6068

7075

linghamt Ry 58 '31 op '11 MAN 80 70 1st g 5s Sept 1931_ WAS 86 Com'cial Cable-4s g 2397_Q-J

Birm Knox & Al—See Phila Co CentMainePow 58' 39op' WM& N 83 80 Commonwealth-Edison Co—

Birm fly Light & Power—Gen ref g 4%s '54 op '09_ A&O 60M 63

Cent Market St—See Col Ry PoCent NYGA E— 58 '41 _ _J&J

w & Lt let g 55 June 1 1943_ _ _ _ M&S Com'wealth El 5s J'ne '43_ MdeS r7i1 86%

883(

Ref & ext g Os 1957_ _ _ M& N 59 60 Tracy Devel. 6s 1944 _ _ A&O Commonwealth Light & Power

Birm Ry it El let g 55 '24.J&J 98 100 Cent Pow & Lt 68 1948_ __A&O 875 92% MAN1st Os 1947 80 85

Blackstone Val G&E 58 '39_J&J 87 90 Central Ry-SeeUnRy& El(Balti Commonwealth Power (Mich)—

Bleecker St & Ful Ferry—See N Y Rye Cent States El 5%gnotes'22J&D 87 92 1st g 58 Dec 1 1924_____JAD 88 90

Blue Lakes Water let 65'38 WAS 105 Central Tract—See Phila Co Commonwealth Power (Neb)—

Boston El L let con 5s '24_ M&S 95 _ Charleston Cons Ry G.de El lst gold 6s 1944 WAS

Boston Eiev IV 4s 1935_ _ WAN 64 Consol g 58 1999._ _ M&S 89 Compt Fits & Mer Ter—See On ted Ry s

Deb g 4%s Oct 1 1937.._A&O 65 Ch City Ry let g 58 1923...1.10 Conestoga Trac let 4s '50_

Deb g 4%e Nov 1941._ Mde N 63 8 — ._ Chattanooga Ry A Light- Coney Isl & Bklyn RR 48 '48-hieJ f 40

Deb g 58 Dec 1942 J&D 08 72 1st de ref g 58 1958 op '16.M&N 50 55 Consol gold 48 1955.. ..J&J I 10

West End St 5s 1932.M.AN Chatt Rys 1st con 5s '58. MA N f BC & N 1st cons 5s 1939_Jde.1 f 45 55

eis May 1938 MAN Ches & Pot Tel 50 '29 op'09.J&J 96 Conn LA Pow let 5s_ 1939 _Jda 87 _

Se March 1944 M&S Ches dc Pot Tel of Va Se 43 Al& N 88 92- Connecticut Power 50 '83_A&O 85 90

58 March 1922 MS 4%s Jan 1 1923 ___JA.I

Chicago City & Connecting Rya Col tr s f g fis Jan 1 1927.A.A0

—40%

let dr coil tr 5s 1058_ __J&J6% notes Dec 1921. 98 ibo."

Is Aug 1924 F&S Chicago City Ry— Csnn Ry & Lt 454s 1951_ .J&J 69%

7s Sept 1947 M&S let g Ss 1927 op up to '12.11:1&A 71 72% Stamped guaranteed °Oil__ 60 80

/This price includes accrued interest k Last sale n Nominal s Sale price


40 GENERAL QUOTATIONS—PUBLIC UTILITIES [Vol,. 110.NOTICB.-. All bond prices are "and Interest" except where marked "f" and income and defaulted bonds.

Bonds. Bid.

89

659582

7839499YL958580

99'KiHAP.

90

10

Utah L

0385

90

84

75Lt

84X

10090

95

80la It Tr

8081857582

& Trau

8475

85

97

8575

96%82

873167958695

98

78

879395

7797

8597

Ry

0 78

32

80

47%

4080

89

1009698

93100

80

Ask.

93

689683

95•10096

100

95485047Y1

Ely

9892

87

85

86

98%

92

98

85

8/85

732-85

8

8879

90

98

9280

963198909589%68979098

100

85

92979989

82100

88100

81

33

85

49%

5085

93

101%9799;1

97

85

Bonds. Bid Ask. Bonds. Bid. Ask.

7063869682

1818

50'M

75

308787

98

89758687%

87

82MiranRye

85.

6565

Corp

70

9800%

98

848485

37%2525

96%

7585858598%99%80

87

70

86%

92

8697%100

7555

Eleclly

84

69

9375

7595

8 15ys

uis)

96

8785

uffalo*

94

ec Ely

67%

90

10110092%88

Conn Riv Pow let 6s 1937_JADConaolldated Cities L P & Tr-

1st lien 58 1962 stpd____JAJConsol Gas of Bait Si 1939_J&JGen g 4e Apr 1954___A&O

Clonsol Gas Elec L & P (Bait)—Gen g 4 As Feb 14 193111__J&JCony 5%notesNov15'21MAN7% notes Aug 1922 FAA

Consol Pow 6% notes '22_ FAAOonsol Gas N J Si g 1936 _J&J

let ref Si 1965 _ _ AAOConsolidated (las (N vi—Cony g is Feb 1 1925_ _ _Q-FUnderlying cos—odo N

Con Gas (Pitts) Si '48 rcts_PAA Consol Ltg Co(Vt) lit 58'26 J&JCon Ry(NewHav)deb 4s '54J&J Deb 4s 1955 JAJDeb 4s 1956 guar J&JCons g 41 1930 FAA

Cons Ry & Pow (Salt Lake) SeeGone Tr(N J)—SeePubSeryCorCon Wat of Utica-lit Si '30.110Deb Si Jan 1 '30 op 1911_J&J

Minium L H & P Co (Ellz, N J)51 1938 JAD

Oonsumers' Power Co (Mich)—lit dr ref g Be 1936 op '16_J&J

03nttuental Gas & Electric—let lien coil tr Si 1927 __MAN

Cros8;own St Ry—See Col Ry kCross St Ry—See Int Tr (Buff)Cumberland Co ( Me) Pow& Lt —

1st de ref g 5s 1942 _ _ M&S CurnYland Tel ez Tel—

lit dr gen Si 1937 J&JCuyahoga Telephone-

1st 7s Dec 1 1921 JAD Dallas El Cor col tr g 5s'22.A&ODallas Gas 1st g Si 1925 opMANDallas Power & Light-

1st M g 6s 1949 J&JDanv St Ity& L Co 58'21-'25 J&J Danville Urbana & Champ Ry-

1st Si 1923 optional____MASDarby Med & Ches Ry—See PhiDayton(0)Gas Si '30 op'15MASDayton Ltg lit Si '37 op'12MASDay El L lit 58'21op'06 MAS

Dayton Pow & L lit Si '41_JADDefiance (0) G&E Si 1942MASDelaware Co & Phila—See flu PDenver City Tramway—

lit & ref g Si 1933 op if MAN Con Train con g Si 1933_ AAO

Deny Gas dr El lit g Si '49 MANlit & ref 5s 1951 MAN

Denver Tram Power Co—lit imp g gu Si '23 op '08' AAO

Denver Tramway Terminals Colit m g gu Si 1920-'40 MAS

Denver Union Water—SoPlatteCanal&Res58'23.J&J

Del Moines A Cent Ia Elec Co—F 6s 1937 op Ser A___MASF Si 1937 op Ser

Des Moines City Ry—Ref g Si 1921 op 1906___AA0 Oen A ref Si 1936_ JAJ

Detroit C Gas 5% g M '23_ _J&J Prior lien Si 1923 ___ J&JDet A Sub Gas lit 511'28JAD

Detroit Edison lit g Si '33_ J&J 1st& ref Si July 1 '49...M&S

Pet United 4%s 1932 opt_Jk.)V% coil tr notes 1923_ __A&ODet Ity lit Si '20-'24___JADDat&Flint let g Si '21__F&ADet Roch Romeo & L Orion

let sk fd g Si 1920____JADDet Ft* Wayne & Belle Isle--

lit g Si Apr 1 1928_ __A&ODel Mon & Tol Short Line Ry

let M g tis Jan 1933_ _ _J&JDet&NW 4%s '21 op '11MANDet & Pontiac--Si g '22.. FAACons g 4%s '26 op 'lLJAD

Det & Pt Huron Shore Line-1st g Si 1950

Det & Lake St Cl 5s '20A A0Del Ypsil Ann Arbor & Jack—

lit g Si 1926 FAAD YAA A Con Si 1924_ FAA

DDEBAB RR—See Third AvDuluth Ed El let Si '31 op_MAS Duluth Superior Traction Co—Duluth St Ry lit g Si '3051AN

Duquesne Light—See Phila. CoDuquesne Trac—See Phila Co—Eastern Mass Street Ry Co—

Serial ref 6s 1920-1929 Ref M 4%s 1948 J&J Ref M 53 1948 J&T LowLaw&H lstg5s'23op.J&D Lynn & Bos 1st Si g '24_JAD

Eastern Pa Rys lst Si 1936 J&JPaul dt Louis (Ills) Lt & Pow—

lit Si 1040 JADEast St Louis & Suburban Co—Coll trust g 5s 1932 opt_ AA0Alton Granite & St L Trac-

1st cons g Si 1944 F&AEaston Cons El Si 1949 MANEconomy Lt & Pow (Joliet, Ill)_

11t Marc 5s 1956 JADEdison Elec Ill of Boston-7 gold notes 1922 FAA5 gold notes 1922 FAA6% gold notes 1922 F&A

Edison Elec Co (Lancaster)—Refund Si 1943 FAA

Edison Elec Co of Los Angeles—lit & ref g Si 1922 op'07 MAS

Edina Lt & Pow (S F) 6s'21Q-FEighth Ave RR—See N Y RyeElec & Peop—See Phila Rap TrElectrical Securities Corp—

Coll tr g if Si 1935 opt....PAA

Ilia Plaint A Cent JkSee PublicIlls & Trenton RRISer• CorpElmira Water Light & RR—

let & con g Si 1956_ MAS El Paso El Co coil tr g bs'32J&JEmpire Dist Elec Co-

1st Si 1949 MANEmpire Gas & Elec and EmpireCoke it letAref 5s'41 op MAS

Empire Gas & Fuel— let M e f eq _MtrN 6% notes June 15 1924___J&J

Equit U A E Utica Si 042 AAOEquit Ill Gas, Phila. 5s g'28 JAJErie El Motor a t g Si 1941 A&O

Erie Ltg le t M Si 1967Evansv G&E L 58'32op'12 JAD Evansv St Sou Ind Traction—

Evans,' El let g 4s '21_ MANEvansv A Princ let Si '23AA0

Excelsior Springs Wat, Gas A Ellet M 6s 1932 op JAD

Fairmont A Clarksburg Tract'nlit g Si 1938 op 1913 A&0

Federal Light A Traction-1st if g Si 1942 opt ._ MAS

Fed St A Pleas Val—See PhliCeFt Pitt Trac—See Phila CoFt Smith Light A Traction—

let M g 5s Mar 1 '36 opt M drFt W Van Wert A Lima Trao—

let g 5a 1930 guar .....J J6t Wayne dr Wabash Val Trac .

1st eons g 5a 1934.. ..... M & Ft Worth Pow A L Si '31_ FAA

42d St M dr St N Ay—See ThirdFrankf Taeony & Holmesb Ry-

1st g 5a July 1940 J A JGalv Elec Co lst5s'40 op MAN

Galveston-Houston Elec Ry—let NI s f g 5s 1954 opt _ _ AA 0

Gas&EI of Bergen Co 58'49 JADGen Si Nov 1 1954____ _ MA N

General G A El let Si '32 J&JGeor Row & Ips—See Bos&NorGeorgia Light, Power A Rye-

1st lien $ 1 g Si 1941 opt MASCentGaPow5s '38 op '13M&

Georgia Ry A Elec Si 1932_JAJRefg & impt g Si '49 s f __JAJAtlanta Cons St Si 1939 .JAJGeorgia Elec. Lt Si 1930.J&JAtlanta Northera Ry Co-

1st guar Si '54 op 's39__J&J Georgia Ry A Power— let & ref s f Si 1951 op.._ AAO

Grand Rap G L Si 1939....FAAGrand Rap Gr Hey & Musk Ry

let g 5s July 1 1926_J&J Gt Falls Pow 1st Si '40 op MAN Great Lakes Power, Ltd-

1st M Os 1920-1944_ MANGreat Northern Power—

let M g 59 1935 op_ _____ FAAGreat West Pow Si 1946 op...1k.1Cony deb (Ss 1925____ _ _MA Nlit & ref Os Mar 1949

Greenwich Tram lit Si '31 .JAJ Hackensack Wet 4s '52op'12J&J Hamburg Hy See Buff A Lake

Harrisburg (Pa) Light A Power-1st & ref g Si 1952 opt _ _FA A.

Hart Man & Rock Si 1924 _AA() Hart A Spring! Si g 1921Hart St Ry—lst a 4s 1930_ MASHarwood El Si '39 op'14___J&J

lit A ref s f g 88 '42 op .M&SHavana Elec Ry, L & Pow—Gen' M 5s 19.54 ser A NIAS Havana Elec Ry 5s 1952_ FAA

Helena LA Ely lit Si '2.5 op MASHest Man A Fair Pass Ry—SeeHome Telep & Teleg (Los An-

geles Cal) 1st5s 1933-J&Jlit refg Si 1945 ____ _JAJ

HoughtonCo(Mich) El Light—lit g Si Jan 1 1927 opt

Hortonia Power 5s 1915_ _ FAAHoughton County Traction

let con g Si 1937_ J&J Hous El Si 1925 op 1910_..F&AHouston L A Pow Si 1931 A&OHudson Co Gas Si g 1949 _MANHydraulic Pow of Niag Falls-

1st A ref 5s 1950 J&J Ref & impt 55 1951 A&O

Idaho Power lit Si 1947___J&JIllinois Central Traction—

let M g Si 1933 op guar _JADIllinois Northern Utilities Co—

let A ref g 55 1957 optA&O Illinois Valley Ry— let s f g guar 5s 1935_ _ MAS Indiana Columbus & E Trac— Gen A ref g 58 '26 op '11.MA N Col Lou A Springt Si '20.A&0

Indiana Ltg 4s 1958 op__ __F&AIndiana A Mich El Si 1957.. FAAIndiana Nat Gas & 0—See PeopIndiana Rys & Light—

lit A ref Si 1913 J&JIndiana Union Traction—

lit g Si July 1 '33 op '08.A&OIndiana Nor let g Si '33.A&0

Indianan Columbus A Sou Tr—let M g Si Feb 1 1923_ P&A

Indianapolis Gas Si 19,52__A&OIndianan & Green Rap Tran—

lit g Si Jan 11929 JAJIndianan L A H Si 1940A&OIndianan & Martinsv Rap Tr-

1st g Si 1932 opt J&J Indianapolis Northern—See UniIndianapolis & Northwest Tr-

1st g Si 1923 opt MASIndianapolis & Southeast Trac

let M g Si 1935 J&JInd'p Shelbyv & Southeast lits f g 5s Jan 1 1932 J&J

82

65

943189901007531

9091

85 •

68

65

35

3284

Ave Ely

55

75808060

St Hi

65

86769285

95

7193

96

8381q,90926070

Erie

86

--809092

85'Ki70

Phila R

8582

7882

838280

92%8782

75

65

80

Is 27%

5080

les G L

75

25

8880

9781

on Tr o

55

40

64

88

70

95319195102

84

9197

91

89

72

70

45

3588

6575

78

75

89839590

100

7695

91K3

100

87%853193957075

Trac

8895

9597

8975

T

9086

8487%

709088

948985%

85

75

90

35

6085

& Coke

.40

0085

86

C Ind

65

48

Indianapolis Trac & Term Co-1st s f g Si Jan 1 1933___AA0Indianan St gen 4s [933... JAJCitizens' St con 5a g '33_ MAN

Indianan Wat-5s '26 op'11.JAJlit A ref g 4%s 1940 op_ _J&J

Interborough-Metropol Co—Coll trust g 4%s 1956__A&OGuar Tr ctf den

Interborough Rapid Transit-1st & ref gSi '66 op tax-exJ&J

Intermouutain Ry Lt & Pow-1st g Os 1942 FAAMo-Tex Os Jan 1937..-_ J&J

Internat'l Traction (Buffalo)—Coll tr 4s 1949 ctfs deo __JAA

Buff Ry let con M 5ag'31.PANCross tit Ry lit Si g '32_ MANBuff Bell A Lan 5s 1.927_JAD Buff A Lock lst g 5s 1938 JAJ Buff & Niag Falls Elec Ry—

let M Si g 1935 J&J Internet Ely ref 5s'62op MA NLockp At Olc lit g Si '20__J&P

Interstate Elec Corp Os 1933 MASInterstate Rys—Col tr g 4s

1943 op 1913 FAAIowa Ry A Lt (Cedar Rapids)-

1st & ref g Si 1932 op '15 MASIronwood A Bessemer Ry & Lt

lets f g5s '36 op aft '15_ FAAJackson A Battle Creek TrackJackson Consolidated Traction(Jackson(Mich)Gas fIsg '37 A&OJackson (Miss) Light & Tr—

lit s f g 5s 1922 opt '14_ _ AAO Jacksionv(Fle)Gas if Si '42 JA I) Jacksonville Traction—

ist con Si Mch '31 opt_ MA'SJacksonv El Si '27 opt_ MAN

Jer City Hob A Pat—See Public Johnstown (Pa) Pass Ry — Rfg g 4s 1931_ JAD Joplin&PittoRy Ist5s'30 opMAS

Kankakoe(Ill)GAE ;is '30_ NUSKens City(Mo)Gas Si '22_ AA() Kan C Home Teiep 55 1923 JAJ

Kan City KawVal & West Ry-1st NI (is Aug 1924__FA

Kansas City Light & Power--lst M 5i July 7 1044...... J&J

2d M (Is July 7 1944_ ___J&JC Long Dis Tel Si 192 __J&J

Kansas City Railways--lst NI ISs July 7 1944.. .._J&J

2d M 6s July 7 l044_ J&J2d M 5s July 7 1944_ JAJ

Kan City-Western—let refg gSi 1925 opt Sept I '10_ Mat8

Kansas Electric Utilities—let g 58 1925 A&O

Kansas G&E let Si '22 op_ M&SKentucky Trac A Terminal—

let & ref gill 5s 'Slop '14.. FAALexington Ry let Si '40 .JAD

Key. Tel lit g 58 '35 op'08_JAJ Kings Co ELAP 1st 154 '37A.A0Porch money Os g 1997.AA0Cony deb Os 1925_MASEdison El Ill Bklyn 4s'39 JAI

Kings Co Elev Ely—See Bklyn RKings Co Gaii&111 let Si '40AA 0 Kinloch Lg Dist Tel Se '29 JAJ

Kinloch Telephone (is 1928. FAA Knoxv Gas 1st 58'33 op'13 AA()

Knoxville Railway & Light—Ref A est bs 1046 op_ __J&F)Knoxville Trac Si 1938._ AA()

Kokomo Marion A W Tree--let g Si July 1 1033 J&J

Lackawanna & Wyo Vol It T—Coll tr Ifs 1951 FAA

Laclede Gas—Ref A est g Si 1934 _ A&O1st col A ref g 7s Jan 29_F&A

Lacombe El lit M Ss '2L.J4ANLake Roland Elev—See Ua RyeLake Sh Elec lit con g bs '23JAJ

Glen g Cis Feb 1.1933_ .._ FAA Lor A Clev g Si '27 op '17.JAJ Sand Frern A So 58 1930 JAJ Tol Frenn&Nor5s'20op'05J AJ

Lake St Blew RR—See Chic A 0Laurentide Power, Ltd-

1st s f g 59 1946 op 1920_JA.1Lehigh Power Securities Corp-6% gold notes 1927__ __FA A

Lehigh Valley Transit-1st M g 50 Dec '35 opt__ MASlet M g 4s Dec '35 opt__ MASCons g 4$ 1935 JA E)Ref A impt g Si l9O0_J&l)Coll tr Os 1923 J&J

Lewiston Augusta A Watery—let A ref g Si, 1037 op AA()

Lexington Ave & Pay For—SeeLexington (Ky) Ry—See Ky TrLindell Ry—See United RyeLittle Rock Gas A Fuel—

itof es Nov 1937 MAN Little Rock Ry dc Elec—

let g Se 1933 op 1908.. _..AA()Ref & ext g Os 1938_ __AAO

Lockport & Olcott Ry—See (nitLorain A Cloy RR—See Lake ShLos Angeles Gas A El Corp-

1st A ref g Si 1939 opt__ MASLos Aug G A E Ss '34.... ..JAJ

Los Aug Ltg 5s Apr11'24 AA()Los Aug Pac Co—See Pee El ElyLos Angeles A Pasadena—See

Los Angeles Ry Corp-1st & ref s f g Si, 1940__JADLos Aug Ely Ss g 1938...AA()Los Aug Trac let g 58'38 JAD

Louisville Gas A Electric—let & ref 7s 1023J& I)7% gold notes 1920. ..___MAS

Louls• Home Tolep Si '22_ _J&JLouisville Ltg Ss '53 meaty' AA()

6361829375

1717

50

65

f 2883%83

65

80

30%

31

73See MkUnited

Service

658690

90

90

808082

3520

I--

04

7080

8391 ,1

ap Tr

9131

6388

81

86

8296%95

& Elec72

ak Pit

81

68

8971656585

NY El& Term(St Lo

90

8073A

Tree (z.3Elec R

92909431

Pee El

73%

99998)83

/1 his ()rice Includes accrued interest. I Last sale n Nominal. a Sale price


FEB., 1920.] GENERAL QUOTATIONS-PUBLIC UTILITIESNOTICE.—All bond prices are "and interest" except where marked "f" and income and defaulted bonds.

41

Bonds. Bsd. Ask Bonds,

*oiiliv Ry con M 5s g '30___JAJ 89% Nevada-Calif Elec (Is 1946_JAJId mtge 430 1940 MAS 68 71% Nevada-Cal Pow 6s 1027A&0Gen M 5s 1950 FAA 65 70 Newark Gas (Ss Apr 1 1944_Q-J

liouisville Water—See under Lo ulsvIlle p. 50 Newark Cons Gas con 58 '48JADbow Law & Hay—See Eastern Mass S t fly Newark Pass Ry—See Public SeIiizerue Co (Pa) Gas & Mee- New Bedf dr Onset 1st 59'22.JAJ

1st refectinp g 5s'48op'13 AA° New Brunswick (Can) Pow Co-bykens Val L dc P 69 1945 N/AS 80 90 1st1st M 5s 1937

m

Lynn & Bost RR—See Eastern Mass S o Ity New England Elec Securities-Macon Railway dr Light Co- 1st coil tr 5s Jan 3 1932_ _ JAJ3

1st cons g Ss '53 opt '08 __JAI New England Power-Madison Co (Ills) Lt dr Power — 1st m s f 5s 1951 JAJ

1st g Ss 1936 JA D 83 88 New Eng Tel A Tel-bladison(Wis)GAE g 6s'26 AA() 95 • _ 4s Jan 1930 MadRtyPow lst50'35gu op_ FAA 9:3 /Ss gold Oct 1 1932_ _ _AA()Mahouing & Shenango Ry & L — N H dr Centrev 1st 5s g'33_ MIESPenn & Mah Val So '22M &W New Haven Wat 430 1962 JA.1Youngst Shar Ity&L5s'31 110 - - N J & Hod Riv Ry A Ferry-

Wanchester(N II) Tr L dr Pow- 1st gold 4s 1950 opt .......31A81st cons Cis 1021 _AA() 973i 98% N J Pow L 59 1936_ _ _ FAA

Manhattan El con 45 g'90_Adr0 56 58 New London G.IrE 5s '27_ _ AA°Stamped tax-exempt 56 59 . 2d M 58 1929 ....A&O2d g 48 2013 JA D

Manila Elec RR dr Ltg Coro—42% 55%, Consol dr refg 55 1933 _

New Milford Pow lot 58 '32 FAAlla lien Ir col It a 5s '53_ MAS 75 New Orleans Ry dr Light Co—

ManilaSub Ityslat fie 1046_ MIES 70 /5 Gen M 430 g 1935 JAJMarefrs Wet (Pa) 5s 1939_J AD Certificates of deposit Market St Elev Pass Ry—See Phila it ['ran RefIrgert58'490p'19ser A MANMarket St Ry (San Fran)—See ilnited KW' Certificates of depositMaryland Electric Itgs- Deb g gu as 1918 opt .2k!)

1st if g guar 5s 1931 red_ AA() 84 863i Canal A Clan) lot 6s '46.MANSalt & Ann S L 5s 1946_ FAA 55 Certificates of deposit

Massachusetts Electric Cos— NO Cy RE—Gang Str 4:3JdrJCol tr 5% notes 1918_ AIr() / 50 55 Certificates of deposit __

Massachusetts Gas 430'29 .J,IEJ 91 92 N 0 Cy dr Lake 59 1943.JAJDeb g 430 Dec 1931_ 84 85 Certificates of deposit _JAJ

MIcGavock A Mt Vernon—See Nash y & Lt NO&Carrolt con5sFeb'33.J&JMemphis St Ity con g Ss '45 JAJ 67!'r 70 Certificates of deposit March Ht A Lt (Indianapolis)— Edison El lot 5s 1929_ _JAJRef g So Oct 1 1922 optAA0 92 96 Certificates of deposit

getropolltan itlt—See Wash ity Elec NO Pow-EIouse Co 5s '41.JAJMat St Ry—See N Y Rys St Charles St 1st g 4s'52 __JAJMetropolitan West Side "L"— Certificates of deposit

let gold 4s 1938 FAA 46 50 Newp News dr Hemp Ry, G A EExten gold 4s 1938 JA.1 46 1st & ref 5s 1944 JAJ

Mexican El L lot M g bs '35 JAJ 1 43 47 NewpINewsdrOld Pt Ry A ElMex Lt dr Pow lot 5s'33 of FAA 1 55 59 1st g 58 Nov 1 1938 _MANMich City GA E 5s '37 op'10.1,1rJ -- Gen g 5s Mar 1 1941 _ MASalohigan Light 1st 58 1946_ M &S 77 81 N Y Gas Elec L Fl dr P Co-Michigan Nor Pow 1st bs'41JAJ 82 80 1st g bri Dec 1 1048_ __ _JAI)Michigan RR- Put mon col It 45 1949 _FAA

1st (Is May 1924 MAN 91 95 Ed El Ill, N Y, con g 53'95JA.1Mich State Telep-5s 1924.PAA 86% 91N Central Un Gas bs g 1927JAJMichigan United Rys-

1st A ref gold 5s 1936_ 46 49Equitable Gas 5s 1932 MA-New Amster Gas 5s 1948 JAI_ _MAN

Jack dr Bat Crk 1st 5s '23 JAJ 85 87 NYA ER Gas 1st g fis '44 MOJack Cons Tr bs 1934_ _MANMich Traction 1st 5s '21_JA.1 97 100

Con 50 1945 JAJNYAWestch Ltg 4s 2004 _ JA.I

Mich Tree Ext 1st 5s '23_JA.I 92 Deb g So 1954 op guar Jdr.1Middlesex & Boston St Ry—

lit A ref g 430 1932 opt_ JAJMiddle West U Os Jan 1 '25A&O 90 958

North Un Gas bs 1927 MANStandard G L 5s 1030 _MAN

N Y Municipal Ry Corp-latilvale Etna dr Sharps—See P!Ma Cr 1st M 5s 1966 JAJMU El Ity & Lt-5s 1926_ 03 NY A N J Telep 5s g 1920.MAN_FAARef & ext 43-ie g '31 opt 76 77 N Y & Pa Telep & Teleg Cc—__JA.1Gen dc ref g fls 1051 opt __JILD 75 80 lot gold 55 Feb 1 1920...FAA611Iw Light, Heat & Tree- Gen S Fd g 4s Nov '29 _MAN

1st g Ss gu 1929 opt_ _MAN 85 89 N Y dr Queens Elec Lt & Pow—Milwaukee 0 L 1st 4s '27_ MA N 87 lot cons g 55 Aug 1 1930 FAAMinn Anoka dr Cayuna It'ge RR NYAQueensGas lot tIs '34 FAA

lit fls 1935 MAN 90 93 NY A Queens Co Ry 4s46 Ak0Minneapolis Gas Light- Steinway Ry—lst g Ofe22.JAJ1st gen 5s Feb '30 op '14 MArz,

Minn Gen El 1st fis '34 op _JAI) 90 92 New York Railways-

1st R E ref 4s '42 op'16_Minneap St Itys—See TwinCity San' Transit Gua. Tr. ctf dep Mississippi Riv Pow 5s '51_ JA.1 74% 76 Ad! Inc g So Jan 1942_ _AAOMississippi Valley Gas & Bloc — Bankers Tr ctf dep_Coll tr (Ss May 1022 opt _MA N 84 87 Bleeck St A FF 1st 4s '5.0-_-.1-k3

Missouri Edison El So'27_ FAA 873i 90 Bwaydath Av Cons 3s'43JADMo El Lt Os May 1921_Q-M 98 99 Bway Surf RR lot 55 '24 MO

Mobile Elec Be '46 op '10.MAN 65 71 CenCrosstown lot ris'22.MANMobile Gas 1st 50 1924_ _ _ _JAI 77% 80 ChrisAlOth St int4s'18AA0Mob Lt & RE—lot g5s'37_JAD 90 91 Col A 9th Av 1st 5s '93 _MASCons g So 1941 MAS 83 86 Eighth Av cart Ind 68'19.1:AAMobile St Ity 1st 6s '23_ MAN 98 99 T,exAvAP Fy 1st 58 g'93.MAS

Monongahela St 11y—See Prille Co SecondAv on fis tr't4 go PAAMonongahela Valley Traction —

1st M g 55 1042 opt '22__JAro Trust Co Ws of

deposit_-- _AA()South Ferry 1st 5s 1919 A0Gen mtge 75 1923 JA.1 90 983i Tar W P dr %lam 54 it '28 ‘1A-4

Montana Power- Third Ave—See under "T "1st dr ref et 5s 1043op'18_JA 1 81 85 34th St Crosst lot 5s '96 Ado )

Montreal Lt, Ht & Power Co — 230 St. Ity. 5s 1962 _ IIstAcol tr g 430'32 op'12 JA.( 87A N Y A Rich Gas 5s 1921 .:MAGold So 1933 op 1913___AAr) NYAStarnt—lot g .is '31 _ kA()

Montreal Tramways— IstAref g4s'58op af'14guMA Nlet & ref g 54 1041 opt___JAJ 803i New York State Rys-Montreal St Ry 430'22_ FAA k 93 1st con g 430 '62 op '13MAN

Montville St Ity—Ss 1920_ MA N N Y & Suburban Gas—See WestMt Wash St Ity—See Philo, CoMuncie El I. 1st 5s'32 op '12.1,Ir.1 88 92

N V Tel 1st 430'39 tax ex.M.Ir NDeb (Is Feb 1019 FAA

Muncie Hart dr Ft Wayne Tr —lit g So 1035 opt 1925JAJ

N Y Westch A Boa Ry—See Niagara Fails Pow 5s 1932_110

Wuncle&UnCTr—See Ind Un Tr Refg A gen 68 Jan 1932.AA0Municipal Gas dr Elec, [loch—

lit Mg4ts 1942 op '12_A,11.0 - - - -Niagara Lockport A Ont Pow—

lot of g 5s '54 tax-exempMANMunicipal Service Co- Norf & Atl Term—See VaRydrPst col It g 5sMar'42op'15Mdr, 75 82 Nod & Ports Tr—See Va Ry & P

Muskegon Tr.& Lg. 1st 1931MAS 55 Nod Ry A Lt 1st 59'49_ MANMuskogee Electric Traction—

lit tnt gold 55 1934_ _ __MAN lisiskogee(Okla) Gas & Elec—

Norfolk St 1st g 5s 1944 _ _JA.7 North Carolina Elec Power-

1st if g 58 Oct '40 op '16 AA()lit dr ref 58 1926 op '09__JA1) 88 92 North Carolina Pub Serv (Jo-

Ilashville Railway A Light— 1st & ref bs 1034 opt_- __AA()

Cons g bs 1953 opt 1908 _JAJ 84 88 Salisb A Spencer 5s '45_ _MA VRef and ext gold So 1958_JAJ 67 70 North Cal Pow 5s 1932_J&1)Nashville St Ity 55 1925 __JAJgalavock A Mt Vernon—

92 95 It dr cons of 5s '48 op '15 MDNor Caharia Pow (Is 1928_ _JA.1

Summer St IstM 6s'26_JAJ 100 103 Northern Illinois Lt A Tree—20 series tls July 1937_ 100 105 lot M gold 58 1923 guar_JAJ

Nashville Water 4s 1928___JAJ __ _JAJ

Northern Ohio Tree Is Light-Nassau El RR—Soe Bklyn RapNassau Lt dr Pow lot 5s '27 AA()

Tr 1st consol g 5s 1933_____JAJlfit consol g 4s 1933_ JA.1

Nassau & Sniff Ltg fis '45. _FAA 70 85 1st I .1r ref 58 1956 FAANat. Light, Heat & Power Os 1026 JADColl trust 58 1920 Ser C _ _JA D 90 North Ont L P (31) Apr '31 JAJCent hid Ltg .5s 1927._ _ MAN 65 75 Northern States Power Co-C1tyGAB(Paris,111)58'35 Adr0 73 83 1st A ref 55 1941 Ak0Jerseyville III So, 1935 ..FAA 65 75 6% notes 1926 AAO

National Properties Co— 7% notes 1923 FAA15Coll tr 4-43i-530 1946 _JAJ

Bid.

8695105

rv Corp

89

92

61

93939095

62

44

103_-

86

909088

Ask.

9198

86

87%

70

92%

84

95

65

96

100 -

623-

89

93

873-

6572 73

70 80

80 85

8063%9092

877554607077

98%

8575

8l3-64

979462908558708083

30

81 8960 67

-10- -

2834 30%f 25% 30%

06, 7N(1%' 73-125 I 463i 5050 60-

/

20

15

_

51cheater

8093M,

WWI •02A

87

91

73

5589Si

87

8070708777

82318998

4347N

4371 j1

3555

5555

55

53%Light 'g80%933i

Rs --94100,1

90

90923i

83 !

7092%82

_

9334

8580759284

8392100

Bonds. Bid.

Northern Texas Electric Co—Coll tr s f g 5s 1940 opt_ _JAJ

Northern Texas Traction Co-1st g 50 1933 opt 1913___JAJ

Nor Westch Ltg 5s 1955___JdrDNorth Hud Co Ry—See PublicNorth Hudson Lt, H & P Co(Hoboken, N J) Ss 1938A&0

North Jar St Ry—See Pub ServNorth Shore Electric Co-

1st g bs 1922 op 1912___AA0lot A ref g bs '40 op '20_ &AO

North Shore Gas Co of Illinois-1st g 55 1937 opt FAA

North Texas Gas Co-1st (Is 1920-1932 Adr0

Northwestern Elevated (Chic)-1st M 5s 1941 opt MASUnion El (Loop) 5s g'45_ Ada)

Northwestern Pennsylvania Rylot g 5s 1941 MAS

Northwest Gas bdrCoke (Chic)Cons g 58 Dec I 1928 Q-MCicero Gas gendrref bs '32 JA.I

Norwich(Ct)GasdrE g 58'27 Jct.,Norwich St Ry 1st g 5s '23 AA°Oakland Traction Co—Gen con 59Jan 18 '35__JAJ18Oaki Trac con,' S. 1933_ _JAJOak Tran lot con st 58'32 JAJOak Trait lot con g 5s '31_JAJ

Ogden Gas 55 1945_ __ h'N7Ohio Service 1st Os 1937__MANOhio bate Telephone—Cons dr ref a f 45-5s °44__JAJCony 7s Dec 10 1922 JAD

Oklahoma Gas dr Electric-1st Mg bs '29 op aft '14_AA0

Oklahoma Ry—lst'A ref g 5s '41 opt '21__JAJ

Omaha A Council Bluffs StRy-1st consol g 5s 1928 JA-1

Omaha A Conn Bluffs Ry dr Br1st cons g 5s Jan 1 1928 JAJ

Omaha ELAP 5s '33 op '08 JAJOntario Pow 55 '43 op to '13F &ADeb g (Is 1921 opt 1910 JA.1

Ontario Transmission Co, Ltd-1st gu g 55 '45 op bef'16_MAN

Orange dr Passaic Val Ry—SeePOregon Electric Ry-

1st g bs 1933 opt____ __MANOttawa Elec lot g 5s 1933__JADOttumwa (Iowa) Ry & Light—

lot dr ref g Ifs 1924 JA.IOttum Tr & L 1st 55 '21A&0

Pacific Coast Power-1st M g 55 1940 op 1915_mks

Pacific Elec Ry g 5s 1942 JA.1Los Angeles Pacific Co-

1st ref g 4s 1950 opt'15_JA.1L A-Pee RR con 50'31 AA()L A Pa RR Cal 5s '43_ MAS

Los Ang & Pas 5s g 1928_JAJPacific Gas A El ref ffs7% notes Apr 15 1920 _ Mr°

Pacific Gas & Elec (Arizona)-1st M as Jan 1931 JA.I

Pacific Gas Imp 4s Sept '30 Q-MPacific Light A Power Corp-

1st (Is rats? g bs 1951 op_ MASPee L dr P Co 1st fis '42_ _JA.1Guaranteed

Pacific Pow A L 1st 5s '30_FAAPacific Teleph dr Telegraph—

IstArcol Its f g 58'37 op'22..1&./Paducah TAL col It g3s'35 MANParr Shoals Pow 5s 1952_A&()Paterson Ry—See Pub Ser CorpPaterson dr Passaic Gas dr ElecConsol g So1949_ _ ___ MAS

Pawtucket Gas 45 1932__MANPeekskill Lt A RE-5s '30.AIr()Pennsylvania Ltg 55 1940 __JAJPenn A Mah Vail—Sea MahPenn Wet & Pow s f 5s '40J&-1Penn Public Serv .5s l962 FAAPensacola El Co lot fis '31_ FAAPeople's G L es Coke, Chicago--

lot con g 68 1943_ ___ _ __Adr()Refunding gold 5s 1947_MASChic GI L & C 1st 5s '37_ _JA.1Consmn Gas 1st g 55'36 JAI)Ind Nat GAO g 5s '311gu MANMutual Fuel Gas g 54'47 MAN

People's Trac—See Philo H TPeoria Bloom A Champ Tree-

1st g guar So 1936 MANPeoria G A EU '23 op '08_ JA.1Peoria Ry 5s '21 to '26 gu_ FA APeoria Water Works Co—

Prior lien 13s 1948 MAN1st con 4s 1948__ MAN

Petersburg Gas 5s 1931___AA0Philadelphia Company-

1st coil trust g 5s 1949 MASCons rntg coil tr g 58 '51.MA NCony deb g fis 1922 opt_ MANArdmore St 58 1958____AA0Central Tree lot 5s 1929_JAJCitizens' Tree lot 15s 1027Adr0Duquesne Light Os 1949-1&JDuquesne Tree lot 5s '30_JAJFed St A P V 5s May 1 '42J&.1Ft Pitt Tree 1st 5s 1935_JADMilly Et Sh 5023_ _MANMonong St Ry 5s g 1928.JAD

WilkdrEPit lot g58'29 MASMount Washington St Ry-

1st A coil tr gu 58 1933.A&OPitts Alleg& M gen 58'30AA0Pitts A Bir Tr 5s g 1929_ Mar NBKA Tree Os 1931.MASBrownsv Ave 5r) 1926_ FAAW Liberty lot g 5s '30_JAJ

Pitts A Charleroi 5s '32.. MANPitts Trae 1st 5s 1927 AA0SoTraclotAcoil tr g 50'50A&OThe 20 Ave Tr 5s 1934_ JAB

72

82

Service

90Corp

9180

93

5561

82

92

6793

7899

78

78

83%95

72tsb Ser.

30

829'

70

61793(0184813497 99

85 9583

8(1 90

Ask.

80

90

Corp

9586

99

59

50

88

9685

95

85101

81

81

8597

79Corp

30

89100

65

70

8131

87,341

70

80739586

Shen P86%87

6371%

8493So

8052

1008087

96

I 52

81U

86

87347076

859990

y A Li

75

89678564

-7734

89_

85

85558735

8388

97-

s 2231

/this price includes rimmed interest. k Last sale. n Nominal I In Condon. s Sale price.


42 GENERAL QU'OTATIONS—PUBLIC UTILITIES EvoL. llo.NOTICB.—All bond prices are "And interest" except -where marked 9" and Income and defaulted bonds.

Bonds. Ask.

Philadelphia Co. (Concluded)—United Traction Si 1997..J&JWa3S End Trac con 55 '38.J&J

Skillacielptila Electric-1st M 521966 A&O0% gold note3 1922 —.F&A

Philadelphia Rapid Transit--Coil tr g fie 1957 opt. f_P&Af guar g Os '62 opt '17_M&S

Darby Media & Ches St Ry-,-let 045 '36 opt 'la gu_J&J

Market Street Elev Pass Ry—lit g gu 4s 1955 M&N

Union Traction—Elec& Pen 4s tr ctfe'45A&OHest Man & F Si 1924 M&NPeople's Traction Co—P P Ry tr ctfs 48'43 F&AW Phil Pass 2d Os '26.MdeN

Philadelphia Suburban Gas de Ellet M & ref g B3'60 op'15.F&A

Pkiia & West Chester Ti— "Mtge gold 48 1954 J&J

Philadelphia & Western Ry—let g 58 July 1 1960 J&J

Pine Bluff Co 58 1942 J&Jlet 65 1942 J&J

Pitts Alleg & Man—See PhilaCoPitts & Birm Tr—See Phila CoPitts & Charleroi—See Phila CoP McH&Con—See W Penn RifeFitts Trac—See Phila Co -Portland (Me) El Si '26 optF&APortland (Ore) Gas & Coke—

lit & ref g Si '40 opt '20 J&JPortland Gas lit Si 1951 P&A

Portland (Me) RR-111 con 334s 1951 op '31_J&Jlet I & con m Si 1945__MdeN

Portland Ry Lt & Power-1s1 & ref I f Si 1942 op_P&APortrd Ry ref Si '30 op_M&N

City & Sub con 48 '30_J&DPort Gen Elec lst Si 35 J&J

Portland (Me) Water 4s '27F&APinto Rico Rye, Ltd-

1s1 g Si Nov 1 1936 op.. M&NPorto Rico Telep 6s 1942__J&DPotomac El Pow Be '29 op_J&DCons M g 58 1936 guar_J&JDeb gold (is 1925 J&JGen mtge 6s 1923 J&J

Prescott G & El lit 68 '40__J&JPloy. Secur.—see Steam R.R's..Public L & Pow let tie 1945P&APublic Service Co of Nor M—ist& ref g Bs 1956 op'21..A&O 706% notes 1922 M&S 9734Public Service Corp of N J—Trait certs 6% perpet__M&NT% gold notes

1922_- M&S

Gen g Si Oct 1 1959 op A&OCamden Sub 1st Si 1946_J&JCons Traci lit Si

1.933..-J&DMs Plaint & Cent :or Ry-1st g Si Dec 1 1950___J&D

1111sabeth & Trent 58'62 A&OC Hob & Pat 48 1949_MdeN

Newark Pass con Si '30....J&JNewark Term Ry Si '55_J&DN Had Co Ry cone Si '28,J&J2d Bs ell to 1924 AMN

Nor Jer St Ry 4s 1948_M&NOr & Pass Val let Si '38..J&DPaterson 111,—Con6eg'31J&Dfd 6s '14 ett 5% to '44A&0

IR Ti St Ry let M fieg'21A&ORiverside Tree Si 1960..J&DSo Jersey Gas El J6 Tree—Guar g Si Mch 1 1953 M&S

Pueblo & Sub Ti & Ltg-155 f Bs 1922 A&O 97

Puget Sound Power Co—ld g get Si 1933 opt J&D 80

Puget Sound Tr L & Pow-1% s f g notere

1921_- __J&D 96

Paget Sound ElectricRy—, 1st consol g Si '32 op_F&A 70Tacoma Ry&P Be '29 A&O

Quebec Ry L H & Pow—Cons g Si 1939 opt J&D 6534

Palmy (111) Cies Elec & Heat—let cons g 3s 1935 op '10_M&S 75Quincy_G & E Bs 1929 MdeS 88

Racine (Wis) Waters, '31.M&N 85Rap Ti St Ry—See Pub ear CorReading Tree 131 1933_ _J&J 95ReaddcWom—lst 531'15 J&J 90

Rhode held Sub 41 '80 J&J Richmond (8 I) Lt & RR—

let coil tr g 4e 1952 J&J n 45Rio de Janeiro Tram L & P—

lot g Si 1933 J&J 75Ifiverside Ti ac—See Pub Sort' C orDRoanoke W W es 1936._ _J&J Hoch G&E 2d 448'20op'11)M&S 9834Roch Ry & Lt fle '54 opt___J&J 75Tax exempt 75Each Ry cons Si g 1930.A&O 852d Si g 1933 J&D 80

'Rochester & Syracuse RR—lit M cony 58 1957 ..—M&N 55

Rochester Telep—Gen Si 1933 A&O 60

Rockford (Ill) Electric Co—ls* & ref s f 52 '39 op"14 M&S n 87Rockford ds Inter-Urban Ry-1st g Si 1922 op 1907—A&ORockford & Freeport let g gu

Si 1923 op aft Feb '10 M&NRock B & J let g 58'30guA&O

Rumford Falls Pow 4s Octl 1945Rutland RyL&P let5e'46 M&SSacramento Elec Gas & Ry—Cons Si Nov 1 1927 M&N

Sacramento Gas Os '20-4-0_A&Saginaw-Bay City Ry—

lit & ref g 55 1935 SUS Saginaw Val Ti Os 1920_F&A

It Cherie. St RR—See N Or Rf & L

1

903497%

8582

82

79

63%90

7091

80%

878087

92

84

7080

92

9093348792963487

70

7084658068

70704575837570457085858570

70

50s 75

80

9034

85

99

8075

66

90

k 80959434

Bonds. Bid.

It Clair County (III) Gas & El--. let cons guar 5s 1959 __M&S 60

ltJoseph Gas—let Si 1937.J&J It Joseph Ry Lt Heat & Pow-

0031 let g Se Nov 1 1937____M&N 98 It Louis RR—See Un Rys (StL)

It Louis Spline & Peoria RR-88 let & ref gu g 58 '39 op...J&D 6285 St Louis & Springf fis '33.J&D

Spring & N E Tr 58 1938 J&D it L & gut) Ry—See Un Rys (St L)It L Tran—See Un Rye (St L)

7934 it Paul City Ry—See 'Twin City a T3t Paul Gas Light-

65 Gen gold tie 1944 M&S n 8394 it Petersb (Fla) Ltg 68'45_ Jde D 80

iallsbury & Spencer—Sea No Ca r Pub S75 ialmonRivPow gu 58'52 opF& A 8395 %It Lake Term 68 1935 J & D --

Ian Antonio G&E be '49 _M&S 838134 San Antonio Water Supply—

let de ref s f fts '33 op'13_F&A is 82 Ian Diego Consol Gas & Elec—

let g fis 1939 opt 1914__MdeS 8694 Deb 68 1922 MD 9585 Sind Frem & So Ry—See Lake Sh El95 ,an Fran thicE 434e 1933-M&N

Not callable 3an Fran Oak & San Jose Con—Con Si May 19 1938__M&N19 F 0 & S J Rs let Si '33_J&J 2d M g 5s 1933 f J&J

95 San Joaquin Lt & Pow Corp—liktref g Os '50 Ser A op_F&A

88 Series B _ 95Series C 96

San Joaquin Light & Power-72 let Se 1945 op aft '10__J&D 8585 Santiago (Cuba) Elec L & Tr—_ lit g Os 1959 opt '19---.J&J 75

65.YS Sao Paulo Tram L & P, Ltd-68 lit g fie June 1 1929_ _J&D 75 Savannah Elec Co fie g '52_J&J 94 Sayre (N Y)Elec Si 1947—A&O 8094 Schenectady Railway Co—

llet M 5s 1946 op '19_-

_M&Sichuylk Tree let Se 1943 A&O Scioto Vali Ti let Se 1923 M&S Scranton Elec Si '37 opt '12.J&J Scranton Ry—lst 5s Noy'32J&J 75

94 Gen g 58 1920 opt_ MAN 98 Scran Tree let (is g '32_MdeN 8795 &ran & Carb Ti let (is '23J&J 85

Seattle Elea let g Si '30 op FAA 8780 Con & refg a f Si 1929___F&A 84

Seattle Ry 5s 1921 opt__M&N 9680 Seattle-Everett Traction-98 let M g tis 1939 op '14__M&S 75

Seattle Ltg let 59'44 op 10M&8 75 Ref g Si 1949 opt 1914__A&O 87 Gen M 73 1929 J&J 6531 Second Ave—See N Y Rye85 Second Ave Tree—Sea Phila Co72 Seneca Power Corp rei '46_M&S 85

Stirevep Rys—let 53 '20-'44J&3 Sierra & San Francisco Power—

let g fis 1949 opt.. FAA 7650 Sioux City Service Co-80 lel & ref s f g Be '28

op..- _J&J

87 Somerset Un de Middlesex Ltg—Mtge g 4e Dec 1 1943_ J&D 65

3o Bend & Mishawaka Gas—Cons g 58 1926 opt 1908 __J&J

South Carolina Lt Pow & Ry—lit s f g Be 1937 opt____MdeN

South Coy & Cin St Ry-See Cin New &South Ferry—See N Y RYASouth Jer CI E & T—See Pub Ser Corn3o Side El 4 4e 1924 op '10...l&J 09Sou Yuba Wet—Con 68 '23.J&J 96Southern Bell Telep & Teleg—

let s f g Si 1941 op '16___J&J 8434:Sou B'verd—See Third Ave BySouthern California Edison—Gen g 53 Nov 1939, opt_J&J 85Cony deb 6sMar15,`20 M&S15 9934Debenture 7s 100Gen & ref g Os 1944.._ FAA 94

3outh'n Counties Gas Co of Cal&let g May '38 .M&N 82

,3buthern Ills Light & Power—let M (is 1931 op J&J 02

I South N B Telep let 5s '48.J&D 101+nth Ohio Tr—See Gin Day & Tol Tra3)uthern Pow 55 1930 opt_M&S 89Southern Sierras Power-

07 lit if g gu Os Sep'36op'18 J&J 9595 Southern Tree—See Phila Co

Southern Utilltiei 68 1933_A&O 70Southern Wise Pow 58 '38_A&O

50 Southwestern Gas & Electric—let & ref f 5s 1032 ipt __F&A 80

Southwestern Power & Light-1st lien 5s 1943 J&D 75

Southwest Utilities Alva, Ok100 1st Msfg 1029 _FAA8_5 4outhwest Missouri BB-5a Gen & ref 5s 1931 M&S90 SWM0ELR9refSS1923M&S85 iookane & Inland Empire RR

let de ref g Si 1926 opt_M&N030 spring BeicWater-5s g'26.A&O

ipringfield (0) Lt Ht & Power—let 5 f g 55 1929 op 1914.1MAGen de ref be 1933 A&O

92 toringf & N E Tr--See St L Sodipringfield (Ill) Ftr& Lt Co—Coll tr g fis 1933 opt J&D

ixingfield (felo) Ry & Lt Co—let s f g 58 1926 opt M&N7% notes 1921._oringfield (0) Ry let Se

s 50 1st in Si 1920-1935 M&S•pring Val Wet ref g 4s '23_J&D

9534 ttandard Gas & Eloc of Delaw—Cony s f (is 19286% gold notes 1935 A&O7% gold notes 1921—.M&S

.1T.-

dab.•MM

65

78

66

8790

erv87

88

86

8198

Ry

9334

83

1019899

86

85

55

80859392928899

73

95

80

90

Coy By

9083

ngt & P

8098

9234

877598

85

86%10010296

90

96103

ct91

•08

83

87

80

0034

9486

eoria-

62

85100

9331

90809034

Bonds.

Steinway Ry—See NY & Qu CoSuburban Gas Co of Phila—let e f g &Apr l'52op'07-A&OSuperior Water Light & Pow—let 4s May 1931......J..—M&NSyracuse Gas g Si 1946—.114Syracuse Lake Shore & Nor—let M g Si '47•opt '17_M&N

Syracuse Light g Sag 1951...1&DSyrac L & P coil tr Si '54...J&J3yrao Rap Ti let a Si 1940.M&S2d mtge g 1930 J&J

Tacoma Ry & P—See Puget SouTacoma Wet Sup let Si '25.J&JTampa Electric Co—

let M g Bs 1933 s f op J&DTampa GU 58 1937 opt___M&NTar W PI & MY1 Ry—See N YFenn Pow gu fis 1962 opt_M&NTenn Water let 53 1946_ M&STerre Haute Indiana!? & East-1st & ref s f g Si '45 oo-A&OTerre Haute Tree & Ligfit—lat con M g 58 1944_ _M&NTerre Haute E1-58

Texarkana CI & E Be '30—_J&JTexas Pow & Lt let 58 '37_J&Drem Public Service 138 '33_J&JFez Tree—let s f g fis'37opt .1*&JThird Avenue Ry (N Y_let ref g 48 1960 op aft '14 J&JAd) inc g fis Jan 1960 op_Abs0Third Ay RR let Si g '37_J&JDry Dock E Bway & Belt'y

let Si gold 1932. IADNew ref in Ser C income—

d2nd St M & St N let (is '10Ext at 5% to 1940 /VMS

Sou BouleY g 58 1945...J40Union Ry let fisig 1942__F&AWestchester El let Si g'431&JYonkers Ry let 53 1946.A&O

Thirty-fourth St Crosstown—STide 'Water Power—Gen M 6s 1920 FAA

Toledo Bowl Green & Southernlet g Sc May 1 1921____M&N

rol From & Nor St Ry—See Lekrot GE & H con let 03'35 A&OToledo Home Telep Sc 1922.J&JVol & Indiana let fis 1931..J&JVoted° Tree Light & Power-2nd lien cony 78 1921—J&J

Tol IS West Ry let g Si '26_J&J 25Topeka Edison Se Sept '30..M.1 Topeka Ry-58 '30 op '15...J&J Toronto Ry 440 '20 -'21....F&A Trenton G & El g Si 1949—M&S 85Trent St Ry—con g Be '38.. _J&J 60Trent Pass Os Sept30'31 A&O

Tr -City Ry & Light—Coll tr s f g Si 1923 A&Olet & ref g Be 1930 opt...J&J

Troy City Ry—See Un Ti (Alb)Troy Gas 2d Os 1923. FAA 100Como! fie 1939 MAN 100

28th & 29th Ste—See 3d Ave By23d St Ry—bee N Y RysTwin City Rapid Transit Co—st Paul Cy—let g 68'32_A&O 95

let cons es g 1934 _A&O 95Cable con 53g 1937....J&J15 Guar g Si 1937 J&J

Minn & at, P Sub as '24M&S 02Minn St &.St Paul City—Cons vat g5s 1928...A&O 93

TwIn City Telep Se 1926 --J&J b 634%Twin States Gas & Elec—

let & ref tie Oct 1953......A&O 65Underground Elec Ry of London4345 Jan 1 1933 J&J 60Income 6sJan 1 1048 1 50

Union Depot—See United Rye St LouUnion El Lt & Pow Co of St L—

Ref ext Se 33 op aft'18.M&N klet /r fis Sept 1 1932_—M&S 72M

Union lev RE—See Northwest BinUnion Ry—See Third Ave RyUnion Ry Gas & Elea Co (Ii)—Col tr g Si 1939 cony op-J&J

Union Tree Co of Indiana—let g 58 July 1919 ____J&JIndianap Nortio'n Bs 1932 J&J

Union Utilities Be 1944 op_J&JUnited Elea Lt OC Power, Bait-

1st cone g 454s 1029___M&NUnit Elec Co of N J 4e '49.J&DUnited Electric Securities Co—

Coll tr g 58 1933 to 1943_F&AUnited Fuel Gas 68 1935 _J&JUnited bee & Elec Corp—Coll trat g 63 1945 --A&O

CfnitedG& E of NJ 1st Be'22..J&J United Gas & El(SF) 58'32_J&J United G IS F 63 1923 J&J United Ilium Co New Haven—

let 4e Feb 1 1940 FAA 86United Light & Rye—

let & ref g 55 1932 op J&D 75Cony deb 68 1926 M&N 756% g note81920 Ser A_M&N 997% notes Apr 1 1923 95

Totted Power IS Tran—Dol Co & Phi tr 00648'49 J&J is 35United Rystr etre 4s '49..J&J 48

Jolted Public Utilities (Del)let Os 1943_ J&J 85

Jolted R113 of San Fran—(3 f g 4s April 1 1927__A&O 2831Un Tr Co N Y etre dep 2431InterchottsUnTrSFSe En Tr 2431

Market St con g 58 1924_ M&S 71Jolt Rye & Elec (Baltimore)-1st ct:nsol g 4e 1949_ —M&SIncomes g 4e 1940 op '29 J&DInc funding g Si 1936—J&D

dab.Bid.

fly

90

72

5881H68

ad Elec

83

Rye5070

77

888097

48f 29

84

50

65

ee N Y

93

50e 13h El

589400

75

604334

813465

85

863447_62

93

76

68

73

9075

5580

82

9585100

4834308834

60

-i5--756060

Rys.

99

73Ry

63

is

9602

40

75

9380

101101

.....

80••••

0%

73

9834

9097%

•1 •

7048

an.

'6f--8897

5734

ong

80

77

156"99

4050

90

33261427375

67 •47%63

I Duels. f Thla price includes accrued interest. k Last sale. Iln Loudon. a Nominal. • Salo price.arraraarawas•


FEB., 1920.1 GENERAL QUOTATIONS-PUBLIC UTILITIES 43NOTICE.—All bond prices are "and interest" except where marked "

f" and income and defaulted bonds.

Bonds.

Wait Rys A Elec (Bait) (Cowl)5 cony notes 1922_ _ _ FAA6% cony notes 1922___F&ABait Sparrows Pt A Ches—

lst g gu 4%s 1933___P&Aflalt TracCo 1st M 58'29_ MANNo Bait Div lot 8s '42_ JA D

Cent Ry con M g 8s 1932_ MANExt Jr imp Se 1932_ MAS

()Ey dr Sub 1st Se 1922.JADLake Ro El 1st Ss '42 MAS

Unit Rye (Phila)—See Unit P & TMalted Rye of St Louis—Gen g 4s July 1 1934_.. _.J&JCass Ay & F Gds 1st So 1012Ext at 434% to 1922JA.1

Lindell Ry 1st g So 1011extort at 434% to '21_ Fat A

Compt 110 DAM Ter 69 '13Ext at 5% to 1023_ _J&.1

St Louis RIt (B'way) 50*xi at 4%% to 1920. MAN

St L & Sub let Se g 1921 FAAGen g So Apr 1 1923 gu A&O

ItLoull Trans Co5s1924 AA()United Rys Investment Co-

1st lien coil tr s f g So '28 MANCf B Pub Mery let Os '27__FA. AU El Telephone-

1st 78 Dec 1 1921 MDUnited Traction (Albany)—Con g 4%s 2004 Jhr)Tax-exempt

Albany Ry con M Ss g '30 JAIGen g So 1947 J D

Troy City Ity Se g 1942A&()Unit Tr (Pitteb)—See Philo, CoUnited Tr A El (Prov) So '33 MASUnited HUI let Cs '43 op '18 JAJUtah Gas&Cokelet5ie30 opt.i&JUtah Lt A P cons g 4s '30_ J&JUtah Lt A Ity (Salt L City)—Cans Ity A P let tle '21__JA,1

Utah P A L let So 1944_ FAAUtah Securities Corp-0% notes Sept 15 1922_ MAS

Utica El L & P Is; Ss 1950_ J&JUtica Gas& El refAtext 5s '57 J&JUtica & Mohawk Valley Ry

1st g 4%s 1941_ Utica Belt L lot g Si '39 MAN

2(1 g 1311 1931 '/alley CountiesPow ber'30_MANVentura CoPow let 68'36_ MA NVermont Pow A Ltg Ss '27_MASVirginian Pow lst Ss 1942_ JADVirginia Ry A Power—

let ref g 88 1934 Nod' & All Term 55 '29 MASNon f A Ports Tr 68 '30_ _ JA D

Wash Alexandria A Mt Vernonlet g Si 1985 opt MO.1

Washington Bait & Ann El-1st M Se Mch 1941 op Mao•

Walden (DC) Gas tis 1960.MANWashington-Idaho Wat L At P—

lot g 6t8 1941 MANWash Ity A El g 4s 1951_ _ _JAI)General Os 1923 Anacost A Pot Ss 1940.... A&()Guaranteed

City at Hub Se g 1948___F&AMetropolitan lot 5e 1025 FAA

Washington Water Power Co--Corm! A coil tr g 59 1.929_JA.1lit refg g So 1939 op J&J

Waterloo Cod Falls A No Ry—ls1 Msfg 58 1940 op '15_J&I

Westchester Elec—See 3d AYR ,Westchester Lt let g So '50_JAN Y Sub Gas—lot g58'49MA8

West Chester (Pa) St IV-1st g 58 Aug 7 1932 FAA

West End St—See Boston ElWest End St Ity—See Boston ElWesterly L A P 58 1937 JA1)Western Light A Power—lets f 8s 1025 MAN

Western N Y A Pa Trac-1st & net g Se 1957 op '12_J&J

Western N Y Utilities—lot g St 1946 JAI)

If Ohio Ity—let 58 1921__M&NWestern States Gas A Electric—

lit A ref 58 1941 opt_ _ _ _JA D6% notes Feb 1927 FAA

Western TAT Col tr g 5e'32.JA.1West Un Teleg Coll In as '38_ J&J

F(Ig ARBM 44s g '50.MANliatUnOs ext at 8%to'41MANNorthw'n gu g 434s 1934_J&J

Western United Gas A El—lstAref So g 1921 to '50 FAA

West Liberty Silty—See PhilaWalt Penn Power—

lit M Se '46 op '21 SerA Mkt.;let M Os 1958 Ser C___ _JAD

West Penn Railways Co—lot g Ss Jan 1 1931 A&OPitts Mclieen A Connells RR

lit cons g Se Jan 1 '31_ _JAJWest Penn Tr let tfe 1900.J&D

Phila Pass Ity—See Phia ItTWhatcom Co Ity&Lt 514'35MiltNWheeling (W Va) Elea Co—la M 58 1941 opt MAN

Wheeling Trac Se g 1931_ J&JWilkes-BarreGAEWilkes-Barre & Hazleton RR-

1st coil tr g Se 1951_ _MAN 15Wilkes A Wyo Val-88 '21 A&OWIlkinsb & E Pitts Silty—SeeWillapa Elea 6s 1923 MiWilliamept Gas—let g88139P&AWilmington (Del) ()as Co—

lit & ref of g 58 1949 op_MASWinnipeg El—let ref So '35 J&J

Bid. dd. I

88SO 86%

8495 98 98%96 9896 9891% 90 98

50 504

86%

90 92

86 89

95 9694 I

_ 521 I37 41

71% 72-80 89

97 100

38 4038 4077 8075 8050 60

/n45 5585 9060 7071 75

83 8-1

86% 87%954 82 88%

70 8090 10090 100

96

90 95

6779 8166

7588% 89

90 9157% 5890 93

8391

86 92----- 91%

s 50

82 90

s 84

Co

90 95

68 75

808880%86%79

85

8096 -

84928:386%7o9-90

90

8199

80

n 84 8870 7588 94

f :13 3885 90

Phila C o83 9075

70 8082 85

Bonds. Bid. I Ask. Stocks. Par. Bid. Ask.

Wisconsin Edison Co—Cony deb es 1924 MAN

Wisconsin Gas & Electric—let g Se 1932 opt 1919 ___JAD

Wisconsin Minn Light & Pow1st A ref Ss 1944 op '19_ MAN

Worcester A Conn Eastern Ry-1st s f g 4%9 1943JA.'

Wore Con St Ry 4%s 1920.MASlet A ref g 43e 1930_ F&ADeb g 5s 1927 MANWore A Clint lot g Se '19_Ext at 77 to Jan 1921____

Wore&SouthbSt Ry4 %8.22MASWore A Web St Ry 58 '19_JADYonkers Ry—See Third Ave RyYork Haven Water A Power—

lot 50 June 1 1951 J AD2d Os May 1 1924 MANCons M 58 May 1 1957_ MAN

York Rys—let Mg 581937 opJA DYoungstown A Ohio River-

1st M g Se 1935 opt '15_ A&OYoungs-Sharon Ry A L—See MZenesy Ry LAP—See Col New

PUBLIC UTIL STOCKS Par

Adirondack Elec Power.. ___100Preferred 100

Albany Southern RR corn_100Preferred 100

Allegheny Trac—See Phila CoAmer Cities Co com 100

Preferred 100Amer Dist Teleg (N J) 100Amer Gas A Electric 80

Preferred _50Amer Gas of New Jersey__ A00Amer Light A Traction 100

Preferred 100Amer Power & Light 100

Preferred 100Optional warrants 1921Optional warrants 1931

Amer Public Utilities 100Preferred 100

American Railways Co 50Preferred 100

Amer Teleg A Canle guar 100Amer Telep & Teleg - 100Appalachian Power 100

Preferred 100Arizona Power 100

Preferred 100Arkansas Light A Pow com_100

Preferred 100Arkansas Val Ry L A P pf_ _100Augusta-Aiken Ry & El_ _ _100

Preferred 100Aurora Elgin A Chicago_.. 100

Preferred 100Bangor Ry & El common...100

Preferred 100;Bay State Gas 50IBell Telephone (Canada)_-_100'Birm Ry Light A Power_ _100

I Preferred 100Blackstone Val Gas A E 50

Preferred 100Bleeck St A Ful Fy—SeeNYRysBloomington A Normal Ry AtL prof guar 100

Boston Elevated RR corn._ _100• Preferred 100, West End Street Ry com_50

Preferred 8% 50Boston Suburban Elec_(no par)

Preferred (no par)Boston &Worcest Elec_ (no par)

Preferred (no par)Brazilian Tr L & P Ltd 100B'way A 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 A Pow prior pref _ _100Calif St Cable RR(San Fran)100Camden&SubRy—See P S CorpCanadian General Electric.. 100Capital Trac (Wash, D C)_ _100Carolina Pow A Light, com_100Cent Arkan Ry&LCorp pref 100Cent Croest RR—See N Y RyeCent Hudson Gas A Elec.. ..100Cent PkIl&ER RE—See N Y RCentral A South Amer Teleg.100Central States Elec Corp 100

Preferred 100Chic City & Concom part ctfs(t)

Prof partic ctfs (no par)Chicago City Ity 100Chicago Elevated Rys com___

Preferred Chicago Rya partic ctfs son 1_..

Series 2 Series 3 Series 4

Chicago Sub Gas & Electric_100Preferred 100

Chris & 10th Sts RR—See N YCincinnati Gas A Electric _100Cincinnati Gas Transp 100Cincinnati Jr Hamilton Trac.100

Preferred 100Cm n New A Coy Lt A Trac 100

Preferred 100Cincinnati Street Ry 50Cincin & Subur Bell Telep__50Cities Service 100

Preferred 100Cities Service Bankers shares(t)Citizens' Pass Ry—See Phil R TCitizens Trac—See Phila Co

81

78

80

6,1%405075

nn 85

85856081

83ah A SA Zane

1377517

3%n 28d 125d 39%

190886672

d 1d

5099%320430108595

1580

d 8c1101%17

d 6090

8564854353

d 6

d 8 I45%

Rys •941:3894 49452101781270

10789%3487

98781136CO

d 1d 8

1%6"04

94

Rye73%100

68%57

d 43d 6940071%

d 42%

87

83

85

90

81

90Ry A Lovine

1781721

-434126%40%

1929068%74481022

5599%526840209597

Elmira W LARRIst pf • t 0_100El Paso 'Mee Co common.. 100

Preferred 100Empire A Bay State Teleg_ _100Empire DietrictElectric_ _100

Preferred 100 n 7065 Empire Gas & Fuel Co pf 8995 Equitable Ill 0 L (Plinth) pf .100 98

Essex A Hudson Gas - 100 100Fairm't Pk & Had Patio Ry—See Phila

95 Fall River Gas Works____ __100 155 Federal Light A Trac corn_ _100 6

Preferred 100 43434 Federal Utilities 100 n I

Preferred 100 a 30 Ft Wayne A Nor Ind Tree _100

Preferred 100 Franklin Telegraph (guar)_ _100 3010 Galveston-Houston El Co.. ..l00 946 Preferred 100 • 48

Gas A Elec of Bergen County100 7087 Gas A Electric Securities_ .100 32513 y, , Preferred _100, 759% General Electric—See Ind. A M1110. COO59/2 General Gas & Electric_ ___ _100'n 455 Cumulative preferred___ _100'n 14102 Convertible preferred_...... 100 n 4080 ,Georgia Ry A El Co stmpd. 100 10418 I Preferred 100 72

.Georgia Ry A Power com 100 1034I First preferred 100 72

1073/2 Second preferred 101 143490 'Gold A Stock Teleg (guar) .100 9535 :Grand Rapids Ry preferred.. 100 93 'Hackensack Water 25,d 25

Preferred 25Id 25103 , Harrisburg Lt A Pow pref..-..50d

'Hartford Electric Light......1001 200115 Hartford City Gas Lt corn_ _25'd 339 Preferred 25' ,65 , FIavana Elec Lt At Power_ _100,- 8513/2 Preferred 1001 959 I , Holyoke Street Ry 1001 38 Houghton County Eiec LL.. 25'd 2 Preferred 23 d 157 Houghton County Tr corn_ _10o25 Preferred5 Flouston Gas & Fuel pref 100 802 Hudson County Gas 10) 95

1 Illinois Traction common _101Preferred 101

Ilium A Power Securities___100Preferred .1C0 on 88

743/2 Indiana Lighting 100 Indiana Rys A Lt common__ 100 55

Preferred 100 90Indiana Union Traction_ _100

699/2 Indianapolis Gas SOd 5358 Imilanap & Southeast Tr pf_10(I 44 Indianapolis St Ry Co 100 55

' 71 Indianap W W Sec, pref _ _100 80405 Interboro Cor.ol Corp • t c tt) d 334

729-' Preferred 100 114112% Internet Ocean Teleg (guar).100 80

International Trac (Buffalo) 100 4 % preferred 10(1 7% preferred 100

A34

208510c110%

City Pass Ry—See Reading TrCity Ry (Dayton, Ohio)__ _100 75

Preferred 100 90Clev Paines• A Eastern RR_100Cleveland Ry 100 973%

Cleve Southw & Col Ry._ 100 19/2Preferred 100 8

Colorado Power 100 17Preferred 100 95

Columbia Gas & Electric...... 100 61Columbia (SC) Ry Gas & El 100 10

Preferred 100 50Columbus Ry Pow A L corn.. 100 20

Preferred A 100 60Preferred B 100 39

Commercial Union Teleg(gu).25 d 15Commonwealth-Edison Co_100 1073/2Com'Ith Pow Ry & L com_100 19

Preferred 100 x 43Coney Island & Bklyn RR 100 5Connecticut Power pref.. _....100 84Connecticut Ry A Lighting_100 28

Preferred 100 33Cons Gas, ELAP (Balt) 100 1003/2Consolidated Gas (N Y) See under NConsolidated Gas (Pitts) pf__50 d Cons Trac of N J—See Pub Serv CorpConsol Water (Utica) corn.... 100 605% preferred 100 707% preferred 100 100

Consumers' Gam (Toronto)_ _ _ 80 145Consumers Pow (Mich) pref.100 78Conan Paso Ry—See Phila R TCumb'I'd Co (Me) P & Lt.. 100

Preferred 100 52Danis' Champ A Dec pref_11000 3887Dayton Power A Light

0

100 81Preferred Dayton & Western common..100

Preferred 100 Denver Gas A Elec prat_ _100 Denver ADetroit Edison 1089%

l'Corthwestern Ry _ 110000

Detroit United Ry 100 Dominion Teleg (Canada)_ 50 913/2Duluth Edison Electric 100

Preferred 100 60Duluth-Superior Trac Co_ _ _ 100 25

Preferred 100 n 35Duquesne Light—See Phila 0o.Eastern Penn Rys corn 100 East Read'g El—See R'(-1'g TreeEast St Louis A Suburban _100

Preferred 100 Edison Elec Ilium (Boston)_100 z 151Eighth Ave RR—See N Y RysElectrical Securities prof__ _ _100 70Electric Invest Corp 100 n 10

100 n 60Preferred Elec Storage Bat—See Ind. Jr M Ise. CoElizabeth Gas Light_20 d 50Eliz A Tren RR—See Pub Sony Corp

92757550

n 10

100- --9813110201006243060227040231082146

3235

Y City

708010515082

s 12%

934585

50

10109%101

703540

153

99808060

7591100113

R T1659

545

401355

37580

7174510073127516

100 ,

2043638

1118206088110

2098

6096

5675

903%1290

a Purchaser also pays accrued fly b Basis. d Price per share, not per cent. f This price includes accrued int. k Last sale. n Nominal. o Per cen$.

of par value. i Salo price. x Ex-div. v Ex-rights. (t)Without par value.


t4 GENERAL QUOTATIONS-PUBLIC UTILITIES [VOL. 110

Stocks. Par. Bid. Ask. Stocks. Par. Bid.-----Inter-State Rys preferred ._. 10 d North Ohio Elec Corp. com_(t)d 16Jacksonville Traction corn. _ 100 , 5 Preferred 100 50Preferred 100 25 Northern Ohio Tr & L pref 100 86Jersey Central Traction.._ —100 Nor Ontario Lt & Pow com..100 11Kentucky Securities Corp __100 10 15 Preferred 100 56Preferred 100 65 75 Northern States Power 100 60Keystone Telephone 50 d 1134 1234 Preferred 100 89rreferred 50 d Northern Tex Elec Co corn 100 79Binloch Long Dist Telep__ 100 120 130 Preferred 100 68Laclede Gas Lien 100 41 52 Northwest Electric 100 Preferred 100 65 Preferred 100 75take Shore Elec common ..100 2 Northwestern Teleg (guar)_ _50d 38First preferred 100 20 Ohio Cities Gas 25d 47Second preferred 100 Preferred 100 8334Lancaster Co(Pa)Ry&Lt pref 50 Ohio Fuel Supply 25d 49Laurentide Power 100 74 Ohio Gas & Electric pref..-- -100 92Lehigh Power Securitles____It)d 5 631 Ohio State Telephone 100 18Lehigh Valley Transit corn. _ 50 d 9 11 Preferred 100 87Preferred 50d 18 22 Ohio Traction—Common._ A00 834Lincoln (Neb) Gas & El LL_ 100 Preferred 100 35Lone Star Gas, new 25 i.outayille Home 1eiepnone_100

35 Oklahoma Natural Gas 25 Omaha & Council Bluffs.. 100

d 4034Louisville Railway Co 100 35 Preferred 100 60Preferred g8 60 Oro Electric Corp, pref_ 100 Lowell Electric Light 100 145 155 Ottawa Light, Heat dc Pow ..100 Lowell Gas_ 100 149 158 Ottawa Traction 100 Mahon & Shen Ry & L. pref_100 80 85 Ottumws(TORy & Lt pref _100 92Manhat Elev By (N Y)____100 4234 43 Pacific & Atlantic Teleg (gu)_ 25d 12Manure° Lt & Ht., Pitteb_ _ _50 d --5831 Pacific Gas & Electric 100 55Marconi Wireless Tel of Amer_5 d 534 5,8 First preferred 100 86Mass Electric Companies_ _ _ 100 Preferred, stamped__ 100

Second preferred (old pref)100 Pacific Gas & Elec (Ariz) pf_100 a 80Massachusetts Gas Cos__ x 73 74 Pacific bight Corporation-100 _100

Preferred 100 40 61 Preferted 100 83Massachusetts Ltg Coo com_(t)d 10 13 Pacific Telep & Teleg 100 34Preferred 106 77 82 Preferred 100 38Memphis Street Ry corn.... _ 100 Paducah Tr k Light corn.... 100 Preferred 100 Mexican Light & Power corn 100 1 20 ia"" Preferred _100 Paterson & Passaic Gas & El. 100 80Mexican Northern Power__ 100

Mexican Telegraph 100 190 iooPawtucket Gas preferred_ ....100Pennsylvania Lighting corn. 100

7030Mexican Telep & Teleg 10 d 70c Preferred 100 75Preferred 10 d 1 g 31.4 Pennsylvania Water & Pow_100 78%Mexico Tramway30

Michigan Light pref 18S 1870 3575

Pensacola Elm Co, corn ..100 Preferred 100

-Michigan State Telep pref_ _100 60 People's G L & C (Chlc)_ __ _100 501Middle West Utilities 100 21 25 People's Nat Gas & Pipeage_ 25Preferred 100 42 44 Phila Co (Pittsburgh) 50d 4034Milw Elec Ry & Lt pref_ 75 80 5 non-cum preferred . 50d 31__ _100Mississippi River Power__ _ _100 9 11 6% cum preferred 50d 35Preferred 100 51 53 Allegheny Traction 50 Mobile Electric °ref 100 an 60 70 Citizens Traction 50Mohawk Valley Co 100 55 60 Duquesne Light pref_ _100 91Monongahela Val 'Fr 25Preferred

d

d

10•

Federal St & Pleasant Val_ 25 Pittsburgh & Wham Tr 50 Montana Power 1(38 (1111 69 United Traction preferred 50dPreferred 100 97 9931 Phila Electric (full paid) 25d 25Montreal L H dr P Cons__ _100

Montreal Telegraph 40Montreal

Tramwaya com___100

Montreal Tram & Pow__ __ 100

8734:20

183.4

8731

154--18M

Phila Rap Tran Vot Tr CULL 50Citizens' Passenger guar_ 50 Continen Pass Ry ($29 pd) 50 Fairm't Pk & Hadding'n-_ 50

d 24IcIcIcMountain States Tel & Tel_ _100 91 93 Frankf'd & Southwark Pass 50 Municipal Gas (Albany).. ....100 Germantown Passenger__ an Muskogee Gas & Electric...._ 100 " Green & Coates Ste ($15 pd)50 Preferred

Narragansett Electric 100

50

a iid 61

9066

Hestonville M & F corn_ 50 Preferred .50

IcIcNashville Ry & Light pref_ _100National Light, Heat & Pow.100 4

Phila Cy Pass Iky($235( pd)50 Phil & Gray's Fy ($25 pd) 50 IcPreferred 100 25 35 Philadelphia Traction....__ 50Newark Consolidated Gas...100 70 76 Ridge Ave Pass ($28 paid) 50 New Bedford Gas & Elec_ _ _ 100 16234 2d & 3d Ste Ry guar 50 3.New Bedford & Onset Ry__ 15 13th & 15th Ste Pass Ry__ 50 .100

New England Co corn 100 48 55 Union Pass ($30 5-6 pd)_ 50 First preferre 100 80 85 Union Traction ($17 pd) 50d 35Second preferred 100 53 58 West Piffle Pass guar. 50New England Power, pref 02 96 Pine Bluff Co pref 100 80_100New England Tel & Ter_ _ _ _100 88 89 P1ttsb & Birm Trac—See Phila CoNew Haven Gas Light 25 d 32 Pittsburgh 011 & Gas 100 New Haven Water

0d 74M 7234 Portland (Me) Gas Light.. 50d 48New On i Rys & Light Co_ Portland (Ore) Ry Lt & Pow—....1050

Preferred no 15 25 New stock (75% paid).. _100New York City—Conso Gas tOo 7934 82 Porto Rico Rye Ltd 100 32N Y Mutual Gas Light..... 100 75 90 Preferred 100New York Railways__ 100 3 Providence Gas 50 Bleecker St & Fult'n F'y 5 15 Public Service Corp of N L..100 65_100Sway & 7th Ave guar_ _ _100 Camden & Sub ($5 paid)_ dCentral Crosstown 7% __ _100 Consolidated Tree of N J_100 40Christopher & Tenth Sts_ 100 Elizabeth dc Trent cow.... 50d 20Bighth Ave k 130 Preferred 50d 20_10042d St & Grand St Ferr __Ion Rapid Transit St Ry Co_ 100 150Ninth Ave guar 6%------100 So Jersey Gas Elec & Trac 100 90Second Ave Public Service Co of Nor 111..100 78_100Sixth Ave 100 k 33 Preferred 100 83Twenty-third St guar.._ _ _100 Puget Sound Tr Lt & Pow_100 10N Y & Richmond Gas 100 10 Preferred 100 53N Y State Rye common__ 13 15 Quebec Ry Lt Heat & Pow...100 2931_100

'Preferred 100 35 38 Railways Company General 10 dNiagara Falls Power cm_ 92 95 Rap Tran St Ry—See Pub Son Corp__100Preferred 100 102 103% Reading Traction 50d 3 23Norfolk Railway & Light 25 d City Passenger fl y......50d 98_

Northampton (Mass) St Ry. 100 East Electric d 65Northern Calif Power Cons.100 Reading Transit & Lt, prei_50dn 80

Ask. Stocks. Par. Bid. Ask.

20 Republic Ry & Lt corn.... ....100 1555 Preferred 1087 Richmond Light & RR

100 450

15 Roch Ry & Light 5% pref.. 100 5562 7% preferred 100 9363 St Jos Ry Lt lit & Pow pref_ 100 5092 San Joaquin Light & Pow_ ..100 84 Preferred 0 7172 Savannah Electric Co

11000

17 Preferred 100 80 Scioto Valley Tree com--100 1545 First preferred 100 80473( Preferred 0 7084 Scranton Elec, prof__

11000 ag

4934 Shawinigan Water & Power-10098 Somerset Un & Middlesex Lt10020 South Calif Edison com....._10088 Preferred 1001034 South & Atian Teleg (guar)....2540 Southern New Eng Telep...._1004131 Southern Utilities corn 100 Preferred 10075 So Jer Gas El dc Tr—See Publi Southwest Missouri RR.. _100 Spokane & ml Emp-Cap stk 100 Preferred ctfs _10095 Springfield (Mo.) Ry. & L. pref16 Springfield(0.)L.H.& P.pref 10056 Spring Valley Water 10088 Standard Gas & Elea (Del)..50- Preferred 50

85 Superior Water, L & P corn_10014034 Preferred 100 Tampa Elec Co 10:1 Tennessee Ry L & P com.....100

Preferred 100 Terre Haute Ind & East.... ..100

Preferred 10090 Terre Haute 'Fr & Lt pref.. ....l00080 Third Ave Ry (N Y).

80 Toledo Bowling Green & So_110735 Tidewater Power prof

Toledo Home Telephone.. 1005 Toledo Rye & Light Co 10030 Toronto Railway 10040 Tr -City It.y & Light pref_.:_100

'Fri-State Telep & Teleg - 10iai Preferred

3534 233 Street—See N Y Railways Twin

d 13573 Troy (N Y) Gas

Twin City Rapid Transit...... 10'Preferred 10,

99 Union Natural Gas 100 UnionStRy(New Bed,Mass) 100 Union 'Frac of Ind cora .100

- First preferred Ion 4Y5

281i Second preferred 100 24 United Elec of New Jersey _100 80

'222 United Electric Secur pref_-100 90 la 75 United Gas dr Elec Corp_ _100 45 First preferred 100 284 Second preferred 100 89 United Gas & Elec of N J 0_1008731United Gas Improvement... _50 a -34--3234 United Ill Co of New Haven_ 100 y 22051 Rights 3 22117 United Light & Rye corn . _ ruu 2867 First preferred.:___101. 6060 United Rys of St Lou—Com. 100 Ix

110 Preferred

190 Preferred 1050o d 137190 United Rys & Elec(Balt) corn

185 United Rye Investment Co ion 111,g36 United Tree dc Elec (Prov)_ 11000 2208

34

16534 United Utilities

Utah Securities Corp 11000 ;40 in 800100 n 5

90 Preferred

15 Virginia fly & Power corn_ 100 — -50 Preferred 100 -Annap Wash

Wet L & P pt. _ 108: d -19--

ash Balt de

353;i WaPsrheifnegrrtedon ( il3 a) Gas 18 Ix 41

73 Preferred 100 54M"iii-- Wash (D C) Ry & El corn.... 100

Wash-Virginia By, pref.. _ 10050 Washington Water Power Co100 66Western Ohio RR Ws— --- 100 Western Power Inn 21 %

100 71175 Preferred 105 Western Rys & Light pref-100 4080 Western States Gas & Elec'_110000 715 083 Preferred 15 Western Union Telegraph.. 100 so57 West'house Else & Mfg—See un der Mims30 West Penn Power pref __AO() 94 I06 West Penn aye preferred..... 100 79

West Penn Tr & Wet Pow _ _100 824 Preferred

1130 ) 6))

103 Winnipeg Electric By 10( 3(073 Wisconsin Edison common_ _100 3390 Wisconsln-Minn L dc P. pt.. 100 40

York (Pa) Rys common_ _ 50 d 12Preferred sod 31

1748

65996010

5179078

11534 1153165 708754 8999 I 101

d 15 2298 100

10 45

c Servic e Corp

86 938070 7034

d 2534 27d 41 42

40 5065 78105 110

7 IA2

2 • 512

79133( - 143480 90

n 70

34

100

4773

- - -

140

38

a 125

s 7M

"81%2242432641317341234292815901048

-50-'364831

-5;- *55

70

223.47260208087

653435881331%

a Purchaser also pays accrued dividend. d Price per share, not per cent. e New stock. h Flx-stock dividend. k,Last sale. I In Londonn Nominal. s Sale price. u Ex-warrants. s Old stock. z Ex-dividend. y Ex-rights. t Without par value.

INDUSTRIAL AND MISCELLANEOUS SECURITIESIn the rearrangement of our quotation lists we classify under the designation "Industrial and Miscellaneous Seourities.•all issues which do not appear under the previous two headings, namely "Railroad (Steam)" and "Public Utilities." In thi-oase of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guar.antee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscollaneou!4."

NOTICE.—Ali bond prices are "and Interest- except where marked "I and income and defaulted bonds.Bonds. Bid. Ash. Bonds. Bid.

INDUSTRIAL & MISCEL'NEAcme White Lead & Color Wks-

OUS B ONDS.Allied Packers, Inc—Cony s f deb 6s 1939......._JdcJ 811s1 tis July 1920 to '28 op_J&J 96 98 Am Agric Cher . lst Ss 1928A&0 98MAdams Exp col tr g ts '48_M&S 55 60 Cony g deb 55 1924_ _ _ _ FAA Col tr g 4s 1947 J&D f 53 56 American Can—deb 5s 1928 FAA 91Advance-Rumely deb6s'25 WU' 99 101 Amer Cot Oil g 5s 1931 optM&N 8631Ala Steel dt Sh1pbldg—See Tenn CIA RR. 6% notes Sept 2 1924_M&S2 98klaskaGold M Ines deb 69'25 M&S 1534 20 Amer Graphophone 68 '30-J&D Deb 6s 1926 Ser B M&S 13 17%

Ask.

81989702809834

Bonds.

American Ice Securities—American Ice Co—fl E 1st &gen I f 6s '42 opt '13_ _F&A

Amer La France Fire Eng Inc—e% gold notes 1926____ MAN

Amer Malting Se 1926 J&DAmer Pipe & Constr Securities—

Coll tr g (is 1922 opt.. F&AAm Pipe & Fdy 65 1928 _J&J

9734

12588

100

Ask.

9831

95

b Basis. This price includes accrued interest. 1 Last sale. n Nominal. a Sale price i New stook.


FEB., 19201 INDUSTRIAL AND MISCELLANEOUS SECURITIES 45NOTICE.—All bond prices are "and interest" except where marked

111,11. and income and defaulted bonds.

Bends.

A nor Smelt & Refining—lit M 5s 1947 Adt0

Amer Spirits Mfg g Os 1020M&SAmer 8 S of W Va 58 1920 M&NAmer Steel Foundries—Deb 48 1923_ _____

A ner Tobacco 66 g 1944_ _ _ Adt0Guaranty Trust ctfs of dap_g Aug 1 1951__

Div ctfs 1921 Ser A M&SDiv ctfs 1921 Ser B M&SMyatt' 1921 Ser C 4/1&sDiv ctfs 1921 Ser D M&SDiv ctfs 1921 Ser E M&S7 gold notes 1920M&N7 gold notes 1921_ _ M& N73' gold notes 1922 M&N73 gold notes 1923 M&N

A nerican Type Founders—Deb gold Os 1926 M&NDeb gold Os 1937 M•it NDeb gold Os 1930 MAN

A•nerican Writing Paper—S f 7-68 Jan 1 1939 J&J

Anaconda Copper Mining-6% gold bonds 1929 Ser AJ&J

Armour & Co.—Real est 1st g4%9 1939 op J&DConvgdeb °erne 15'20J& D 15Convgdeb 6sJ'ne 15 '21J&D 15Conygdebearne15'22J&D15Convg deb (39J'ne 15'23.1& D 15Conygdeb6sJ'ne15124J&1315

Associated 011 Co-5s 19221?&A.Astoria(NY)Veneer Mills&D—

let s f g 68 1941 opt J&J.Atiantic Fruit & S. 8.—

deb 69, Jan 1045 J&JAll Gulf & W Indies SS Lines--Col Sr g Si Jan 1 1959 J&J

Alias Port Cement 1st 69'25M&SBaldwin Locomotive Works-

1st if 5s 1940 op aft '15 MANSarney & Smith Car Si 1930.1•10leech Creek & C 58'44__J&DSathlehem Steel Corporation-7 g notes July 15 '22_J&J157% g notes July 15 '23_J&J15deth St let ex g Si '26 gu.J&J

. Seth St pur m es Aug '98.(44Seth St let IA ref 59'42_M&NFur M 58 1936 J&J

booth Fleteriess f (is 1926. A&OBoston Term Co-314s '47 FAASraden Copper Mines Co-5 f g 6s 1931 ._P&A

Hrunswick-13alko-Collender Co6% serial notes 1921-29 J&J

.3 affalo&Susq Iron Si 1932JA.DDeb g 59 Jan '26 op '10.. _M&S

Sarns(P)&Co 6s'24op af'14A&Olet & ref it Os 1931 J&J

-Sub Term 1st 45 1952 ___A&OCons g ffs Jan 1 1955 J&J

Gush Terminal Buildings Co—ld if gold guar as 1960_ A&O

Jahaba Coal Min—See Tenn C,Jalifornia Wine Association—Cony g5sSep10'25 op s f M&S

%amid& Cem't 1st 68'29 op A&OV median Car A Fdy Co, Ltd—

let 5 f g 64 1039 JAI)Janadian Cons Rubber, Ltd—Gold Or 1946 opt 1011__A&O

3anadian Cottons Cls 1940 JAcJ2Jent Foundry Os 193L.. FAANut Ilud St'boat 51 Apr'33 A&OJentral Leather Si 1025 ..A&0ihes&Del Can lit 58(40'26 J&JJate Jet coil Sr ref g 461940 A&OColl Sr ref 53 1040 A&O

Ale Pueu Tool 159 Dec 31'21J&J1st Os 1920-1023 A&O

•Jhio tin Sta—See Steam RR bds)bicoutimi Pulp OsJklii Copper cony is 1923_ MA NCony Os 1932 Ser A AA()

ilearfield Bit Coal 4s 1940_J&Jhave & t3undusicy Brewing-1st s f g 6s Joel '48 op ._J&J

51yde SH lst 154 1931 opt FAAlel Fuel & Iron 51 55 1943_ FAAlelorado Industrial-1st g gte S. ser A&13 '34opF& A

Imputing-Tabulating-Roc Co-Oink fund gold Os 1941 _J&J

/ono Tobac coil Sr 40 '51_ _ FAAlensol Coal 414i 1934 opt MANLit & refit g Si 1950._ _JAI)Cony 6% g '23 op aft '16. FAA

jorn Prod Rots f Si '3i__ MAN1st g els 1934 s f MAN

Iramp(Wm)SousShip&En Bith!Let M g Se 1929 opt__.. AI&S

;row Lorick Co 1st 68 1931 FAAlaban-Am•Sugar—Ist 169 uotes

Jan 1 1921 J tr.1isdahy Packing Co—let s f gold Si 1940_ _MO1% g notes July 15 '23_J&J15

Javies (Wm) Co let Os '26 J&J)(moos (W) Wood Co 58'30 MA;'Millers' Securities Corp—Col cv g tie '27 op '08 A&O

)oinin Coal 5o '40 op '10... MANtominion Iron & 1929.J&Jiulop Tire A Rub Goods, Ltoits t g Os 1027 opi___

Bid. Ask. Bonds. Bid. Ask. Bonds. Bid. Ask.

I'du Pont (E I) de Nem Powd— Pierce Oil Corp.—

84% S I% Gold 410 June 1 1936__J&D 94% 95% Cony deb 6s 1924 J&J 104% 105

97% .,lagle&Pheulz Mfg 58 1926_J&J 93 96 Pittsb Brewing 69 Feb 4 '49_J&J 73 75%

97% -1)asteru Steel Ist5s 31op'IcIF&A Pitts Coal deb 55 July 1931M&S 97%

Elk Horn Coal 68 1925 _ _J&D 94 Pittsb Term Warehouse & Trans

8) 93 empire Refg teL Os 1927 __ P&A 89 91. let ref g 5s Nov 1 1936__M&N

119 Fairmont Coal 5s 1931.. _ .J&J 87 91 Pittsburgh-Westmoreland Coal-

116 _ Federal Sug Rfg- 1st s f g 58 1947 opt__M&N 80 85

80 6% notes 1924 M&N 973-i 98 Pitts & Westm C58'25op.M&N 97% _

160 170 Fort St Onion Depot—See Steam RR ho nds Pleasant Vail Coal 58 1928_J&J 78 83

160 170 leneral Baking 1st (is 1936 J&D 90 Pocahontas Consord Collieries-

160 170 'loners! Bloc 3%s 1942 op .FAA lot gold 58 1957 opt J•Ir 82%

160 170 Debg 5s '52 tax-ex N Y M&S 96% 97 Powell RI, Co 68 '21-'27_ _J&J

160 170 6% gold notes 1920__ _J&J 99% 100% Procter & Gamble Co-

100% 101 Girard Pt Storage 34s '40.A&0 7% gold notes 1920....._ M&S 100 10031

101% 101% Gonionlronsides&Fares Co•Ltd 7% gold notes 192L.. M&S 100% 101

101%102

a 98

102102%

101

1st s f g Os 1927 opt J&JGorham Mfg Co-

1st M 7s FAA '21-'24_ FAA(lottlieb-Bauerschmidt-Straus

t 93

b6.75%

97

6.20%

7% gold notes 1922__M&S7% gold notes 1923__M&S

Producers Transp 59 1921_J&JPro vid't Loan Soo 43,1;8 '21 M&S

101%102%99%96

102%103100100

a 95 98 Brew Co-1st 4s 1951__M&S Remington Typewriter—

a 93 98 2d Income 59 Sep 1951_M&N 1 lot M Os 1921-1920 J&J 98 100

Granby Con Min Smelt & Pow- Republic Ir & Steel 58 '40A&() 91 92%

82% 83% let cony Os 1928 ser A M&N 93 96 Roch & Pitts CA! 58 1946_M&N 88

Stamped 9:1 98 lot s f g 4%8 1932 opt__FAA 88

94y 95% Grand River Coal & Coke—See Co Fuel & Iron Rocky Mtn Fuel 5s 1941__A&0 50 60

Hall Signal Os 1020. A&O 90 Rogers-Brown Iron 59'21-40J&J 85 100

83% 84 Harris Abbatoir Os 1928__F&A t 96 99 St Clair Furnace 511 '20-'39 FAA

107% 108% Havana Tobacco-5s 1922 J&L)1 48 56 St Joseph Stk Yds 4319 '30J&J

107% 108% Hecker-Jones-Jewell Os '22 M&S 98 100 St Lawrence Pulp & Lumber—

107% 108% Hoboken Land & Impt Co- let M 69 1920-1933 F&A 65 85

107%107%

1083 1st M g 5s Nov 1930_ _ Mdc N108% Hock Val Products 59'61 op J&J

90In 50 60 St Louis Brew Assn Co 1939_JJEJ

St Louis Car Co 69 '21-'23 MAN7790 95

98% Hoster-Columbus Co 69'40_A&ONay g 69 1938 op_ FAA 52 56

St L Nat Stock Yds 45 '30_ _J&JSt L Rocky Mt & P 59'55 stpJ&J

7568 -563i

• Hudson- Huebner-Toledo Brew Co '30J&J 40 60 Securities Co N Y 4% cons M&S 58 62

80Huntington Land & Impt-

100 Coll tr g gu Os 1920-1927 J&DSibley Mfg Co lot 58 1922_ _J&J

Sioux City Stk Yds lot 58'30 J&J94

_9088

Illinois Steel—Deb 4 As'40.A&O 82% Sloss-Sheffield Steel Jr Iron-77 7.t3i Independent Brewing 69'55 J&J 55 6% s f g notes 1929F&A 92%

96 100 Indiana Steel 1st 58 1952_ _ M&N 92% 93 Somerset Hotel Tr 40 1921_J&DIngersoll-Rand-1st g 55 Dec 31 Standard Mill—let g 5830M&N 90 9231

99 1935 opt Dee 31 1910 _ _ __J&J 95 100 Steel Co of Can. 6s 1940_ __JAE.; 96%

50 70 Inland Steel lot 68 1920-28_ A&O b 6% Sun Cr Co col tr a f g 5s '44_J&J93 96 Ext&ref Os '42 op'l6 serA.J&J 100 102 Swift & Co let e f g So '44_ _J&J 90 91

Internat Agricul Corp- 6% gold notes 1921 F & A 15 99% 99%

100% 101 lat&coll Sr s f g 58':32op MAN 79i 81 T H Syin1ngton cony 69'20 J&J100% 101 International Mere Marine- Temple Coal s. f. 58 1924_J&J 100 100%

97 97% 1st M coil tr Os 1941A&O 92- 93 Tenn C IA RR gen tls '51J&J 89

102 108 International Paper- Ala Steel&Shipbdg 68'30_J&J 99

82 • 85% Con cony g s f 58 '35op'09 J&J 100% - - - Cahaba C M Co lot 69'22 J&D 101

83%89%

844 lst & ref s f 5s 1947 Ser A_ J&J 9514 Internat Salt g 5s 'Si op_ _A&O 70

86%72%

Tenn Cop Co cony Os •25_M&NTexas Co deb 68 '31 op '15_J&J 105- 10331

s 73% Internet Silver 1st 69 '48-_ _J&D 95 Union B & P lit g Si '30 op J&J 90

Deb 63 1933_ _ _ J&J 89 Stamped 90% 94 Iron Steamboat 1st Ss1932 A&O

Gen'l 48 1932 A&O9535

10040

Union 011 Co of California—First lien s f 58 1931 opt_J&J2 9431 95%

6% % 8.32% Jefferson & Cloarf C tir I- Union Steel Co lot 58'52gu.J&D 103% 104

87 .___- 2d gold Ss 1926 J&D 96 Un Transpor let 5s 1923 _P&A 96%

02% . _ Indiana Co lot s f 5s '50_ _J&J 85 Union Typewriter—See Remin gton '1' ypewris

100 102 Jones & Laughlin St 59'39_ M&N 96% 97% Jolt Fruit—Deb 4345 1923_J&J 100

t 97 100 Kau City Brew 69'30 ctfs MAN Deb g 4%s 1925 f______J&J 100

77 80% Kn1ckerb Ice 1st 58 '41 opt_J&J 78 84 Jutted Lead deb 58 1943__J&J 80 84

73 80 La Belle Iron Wks— U 8 Env lot 5s '20-'34op'19J&D 91% 96%

• 75

lot & ref 58 1940 J&D79! Lackaw St 59 '23 on to '06 _A(1r0

939331

9593%

15 8 Finishing—Con gold Si 1929 J&J 85 90

I & RR let 5s 1950 op after 1915.M&S 95 U S Light & HeatEq 58 1920-1926 M&S15 6%% 6 let a f 69 1935 J&D 65 75

105 Lake Superior Corp Inc 58'24 Oct 55 59 U 5 Mtg & Tr- 99 let & coil Sr gold 5s 1944_J&D 60 65 4s Ser Ito N 1920-1922__Var

Lake of the Woods Mill Co, Ltd U 5 Realty & Imp 59g '24 op J&J 78% 79

87 1st M (19 June 1923 HA)Latrobe-Connellsville C & C-

99 US Rubber-7% notes Dec 1 1923_ _J&D 102 10231

94 91% let s f g 69 1931 opt J&D lot & ref 55 1947 Ser AJ&J 85% 86

81 Lehigh Coal & Nay— U 8 Smelt Refg & Mining—Gen M g 4%9 May 1924__Q-F 95 96% Cony 6% notes 1926. _ P &A 103% 103%

Funding 48 g July 1 1948_J&J 82% United States Steel Corp—95% 96 Col Sr ,iower 4%s '21 op_J&D 96 98 Col tr s f 59 Apr 'Slop '11.Var 99 101

Con s f g 4%s 1954J&J 89 90 Col Sr e f 5sApr'51 not op•Var 101

67 70 Leh & W -Barre Coal—See Cent RR of NJ p 33 Col of 2d 58 Apr'63op'13M&N 97% 98

88 Liggett & Myers g 7s 1.944_AJE0 110 110;i Utah Fuel—See Deny & Rio Or, p. 34.

Gold bonds 58 1951 FAA 88% Vancouver Lumber 65'21-'25J&J 6% gold notes 1921 J&D 98N Vandalia Coal lot Os '30 op_J&J

Lima Locomotive Corp- Victor-Amer Fuel let (is '40F&A 58 62

10579%

,78 lit s f g Os 1932 MAN106 Lorillard (P) Co g 7s &O80 I Gold bonds 58 1951------&A

95108%86

9811088

Victor Fuel lots f g Si 1953_J&JVirginia-Carolina Chemicai—

let M g 59 1923 opt s f__J&U

50

9.1y,76 Mallory 88 1st a f 59 1932_ _J&J 85 89 Gen, deb (39 1924 ____A&015 99% 100

Maryland Steel 1st 158 1922. FAA 94 97 Va Ir Coal & Coke ffs 1949_M&S 81 8514

88 92% Mexican CA C 5s 1926 op_ M&S 10 Ward Baking Co-86 92 Midvale Steel & Ordnance- 1st g 69 June 15 1937.__J&D15 n 95

81% 84% Cony f 59 1936_ _M&S 84% 84% WebsterC&C let g 58'42op_ M&S 93 90

Motion Coal—See Chic Ind & L Ry p 34 Welsbach Co col tr 59 '30J&D 98% 99

73% 75 Motion Riv Con C&C69'49 A&O 108 West Canada Fl Mills Co, Ltd—Morris & Co let if 4148 '39 _J&J 84% lit s f Os Mch 1928._ M&S t 99 101

85 86 Mtge Bond 4s Ser 2 '66 op A&O 60 75 let & ref s f 69 1931 M&S t 98 10o

75 77 So Ser 3 1932 op '22._ __J&J 80 95 Western Electric Co-82 83 Nat Conduit & Cable Inc- 1st Sc Dee 31 '22 op aft'll J&J 96% 97%

73 80 1st M s f Os 1927___A&O 65 75 Whitmer(Wm)&8ons6s'20_M&S 9010o3f,Iong

98 Nat Enam & Stpg Sc '29 J&D101 Nat Starch deb Si 1930 gu _J&J101 National Tube let 5s 1952 MAN

Uti93%91 .o74

Wickwire Steel—lot Os '34 MAN Wilson & Co let 69 1941A&()Cony o f g (Is 1928 JAB

(17',3.191

9894%

Natnman Co of Cal- EXCHANGE SEATS.-• -.... Gen & ref Om 1935 _ _ __J&J 76% No bast Sal.97 New Eng Nay—See N Y N Il &

N I zinc lot 48 1920 A&OEl RR

90N It Stock Exch .1,10(1112,000N Y Con Stk Ex 480 3,500 2;6511 3.800

100% 100% N Y kirBrakeist 69'28conv MAN _- N Y Produce Ex 1,800 4,001 3,000 4,100

Y Dock Co—let g 4s '51 FAA 65 88% N Y Cotton Ex _ 450 23.500 22,01.s, 2:3 0 in85 87 'N Y& Hob F'y 58 May '46 J&I) 7' N Y Cott & Sug Ex 323 8,100 8,000

10n;(,t 100

101%102

Flobol'en Ferry Se '46 _MACHN Y & NJ Ferry —5s '40J &J

.4)7

Baltimore Stk Es 87 5,000Boston Stock Ex 150 16 500 10;55.- .7 oof

95 N Y Shipbuilding Co— Chic lid of Trade_1,616 10,650 10,000 10,650

letM it 5s Nov 1 1940._ _ 72 77 Chicago Stir Exeb 250 8,000 8,400

83% Bay Co 58 1925 _ „ MANN'r 102% Cincinnati Stk Ex 35 4,00082 86 0' lara Coal 5s 55 op aft'08.M&8 62 65 Cleveland Stk Ex 35 3,500 3,500 - -85% Ogilvie Flour Mills 68 '32 _J&D 100 Louisville Stk Ex. 20 3,500

Series _ _ _ 99 99% MtnuespCh ofCom 590 7,500t 98 100 Series C 100% Montreal Stk Ex 69 36,000

Otis Elevator Si '20 op '13 A&O 130 140 New On Cot Ex 500 14,650 14,000 15,000

Pacifie Coast Co—G Si '40 JAD 75 80 Phila Stock Exch 221 4,200 3,000 4,200

Park & Tilford s f 68 '36_ _ J&I)Parsons (W Va) Pulp & Lumber

79 84 Muth Stock Ex . 120 5,750St Louis Stk Ex 50 1,000 1,000 1;86i)

15t m g Os '20-'24 opt MANPeerlessTrk & Mot68'25 MA N in

- -97% 99%

(SanF)itk&BdEx 46 25,000 Wash'ton Stk Ex, 40 500 500 1.000

Peninsns,Ltd—Istels'26on MAN 89Pennsylv C & C lot 58 '32 opJ&J 96 99Pennsylvania Steel —Pa& Md Steel con g 08'25 M&S 100% 101Span-Amer Iron 68 1927 J&J 100% 101i

Basis. I This price includes accruedInterest k Last sale. n Nominal s Sale mice Canadian Prices.


46 INDUSTRIAL AND MISCELLANEOUS SECURITIES [voL. noStocks. Part Bid.

TEXTILE MFG.STOCKS.

North. Mills. Par. PerAcadia M 130AcuhsnetMill(NB)a 175Am Linen(Fall R) a 160American Mfg 100 180

Preferred_ _ _ _100 87Amoskeag Mf (vol-untary assn) (t) (t) x 147Preferred_ ___ (t) z 81

Androscog M(Me)a, AppletonCo(Mass)a I Arkwright M(FR)a 275ArlingtonM(Mass)a' 155Barnard Mfg(FR) a 200Bates Mfg (Me)_ a Beacon Mfg (NB) a 125

Preferred._ _ _ _100 100Berkshire Cot Mfg,Adams, Mass.. _a

Bigel-HartfCarp't a 106Preferred_ _ _ A00 97

BoottMills(Mass) a Border CMfg(FR)a 175Boston Mf(Mass)a Boo Duck (Mass) c BourneMil s(FR) a 170Bristol Mfg (N B) a 210Butler Mill (N B)_a 2173

Preferred_ _ _ _100 115Chace Mills (F R) a 275Charlton Mills_100 240Chicopee Mfg (pf)a CityMfgC'rp(NB)a 215Contin'l M (Me)_a s 150Cornell Mills(FR) a 275Dartmouth MfgCorp (N B)_ _100 370Preferred _ _ _ _100 88

Davis Mills (F R)_a Davol Mills (FR)_a 200Draper Corp.. _100 145DwightMfg(Mass)e Edwards Mfg(Me)a EsmondM(RI),pf a Everett M (Mass) a Fairh Mills corn 100 170

Preferred _ _ _ _100 FarrAlpaca (Mass) aFlint Mills (F 19_a 275Franklin Co (Me )a GosnoldM (NB)_ _a 128

Preferred 90Granite Mills(FRia

HGt Falls Mfg(N a Grinnell Mfg(NB a 210HamiltMfg (Mass)a 165Hamilt W (Mass) aHargraves M (FR) a 150 Harmony, Mills pf a Hill Mfg Co (Me)_a 113Holmes Mfg (N B)a 285

Preferred a 118Inter Cot M _ _ __50 d

Preferred_ _ _ _100 Kilburn M (N B)_aKingPhilipM (FR) aLancas'rM (Mass) aLaurel Lake (FR).aLawrence Mfg (M) aLincoln Mfg (FR).aLockwood Co (Me)aLowellBleach(M)_aLuther Mfg (FR)_aLyman Mills (M)_aanomet M (NB)a

Mass Cot Mills_ _ _aMechanics'M (FR) aMerch Mfg(FR)aMerrimack Mfg(Mass) 1n0Preferred __ _ _100

Middlesex Co(M).aMt V-Wood Mills(Balt) v t r_100Preferred v t r100

Narragansett Mills(F R) 100

Nashawena M.100Nashua M (NH)_ _aNaumkeag (Mass)Steam Cot Co_ _a

Newmarket MfgCo (N

NonquittSp(N B).aOsborn Mills(FR).aPac Mills (Mass)_aPage Mfg (N B)_aParker Mills(FR).aPepperellMfg(Me)aPierce Mfg(NB)_ _aPocasset Mfg(FR)aPonemah M(Prov)a

Preferred aPotomska M (NB) aRich Borden MfgCo (F R)____100

Sagamore Mf(F R) 100

Salmon Falls MfgCo (N H)_ _ _ _100

Seaconnet M (FR) aSharp Mfg(N B)_ _ a

Preferred_ _ _ _100Shawmut Cot Mills(F R) corn_ _ _100Preferred _ _ _ _100

ShoveMllis (FR) 100Skenandoah CotCo (Utica) _..100

Soule Mill (N B)_aStafford M (F R)_aStevens Mfg (FR) _ aTaber Mill (N B)_aTecumsehM (F R)aThomdike (Mass) gTremont & SuffolkM (Mass) a

275275130185

155180170250

185235

122

6092

265190

190165

150

40015511090202

225

450

1501601185

150100175

142200

145220300

Ask. Stocks. Par. Bid.

Per

70031011095

160

175175 •250190

Per225400225360

140300200150355330200350200237

20512525528025028525035020030010030090330

200300400

405395430150350

335135350400

12531010612095

50255

102250

938312510385104115

Per190170

Per

3818%

Per

475116

82110

Per

Per460550

32545049075

Per

425y 580d 120

Per120

Ask. Stocks. Par.I Ask.

share.

share19

235

share45

share

share.

32582710

45090

k 610575190

6060754541

share.k 25a 338s 34%k 80%105y,

s 19I 8%k 61k 11

share

share.

share135

share550

share.

share.

cent.9999

share.2%e.1

741%

275c.39

185361%1575c.

26%673901'415%

5618%37%

19%30%462

5-10c46c.4%4%12512%

Stocks. Par.-

Elkton Cons 1El Paso Gold_ . _ _5Federal M&Sm_100

Preferred ____100First NationalCop ($3 75 pd)_ 5

Franklin 25Golden Cycle Goldfield ConsolMines 10

Granby Cons M S& P 100

Granite-Bi- Metalic(St Louls)____10

Granite Greene-Cananea 10 Hancock Cons. .25

Hollinger Mines_ _5 Homestake Min 100Horn Silver M. _1 Inspiration ConsCopper 20

Isabella 1Island Cr'k Coal 1

Preferred 1Isle Royale Cop_25

Jack Pot 1 Kennecott Cop- (t)

Kerr Lake 5Lake Copper_ _ __25LaRose Cons M 5La Salle Copper_ 25Mary MeKinney_lMason Val Mines8Mass Cons 25MayflowerOldCo125Miami Copper___5Michigan 25Mohawk 25Nevada Cons Cop 5New Idria Quicks.5New River Co_100

Preferred ___100Nipissing Mines__5North Butte 15North Lake 25Ohio Copper___ _10

Old Dominion. 25Ontario Sil Min 100

Osceola 25 Pitts-Jer Cop_ __ _1 Pit & MtShastaCop Pond Creek Coal.10 Portland 1 Quincy 25 Ray Cons Cop.... 10 Ross M & M _1 St Joseph Lead_10 SantaFe(G&Cop)10

San Toy 1Seneca Cop Corp (t)

Shannon 10ShattuckArizCop10Superior & Bost_10Supprior 25Tennessee Copper& Chem temp.(t)

Tonopah Belmont 1Tonopah (Nev)_ _1Tonopah Ext Min 1

Trinity 25UnitedGoldMines 1

Un Verde Ext.. _50cUtah Cons 5Utah Copper Co_10Victoria 25

Vindicator 1 Winona 25 Wolverine 25 Wyandot 25

Yukon Gold 5

REAL ESTATETR& LAND STOCKSAlbany Tr (Bost).Alliance Realty_Barristers' Hall Tr(Boston)

Bedford Tr (Bost).BerkeleyHot1T1111 Bd of Tr 131g Tr C 1 BosGr'd R'tTr C 1 Bost R E T (Bos)_h BosStorW'h'se(B) /Boston Wharf Co..1Bromf Bldg T1133) 1 Business RETr B)

Cent Bldg Tr ( )_1 Chic R E Trustees h City Assoc (Bos)__e City R E T (C)__h Congress St Associ-

ates (Boston _1C'gressSt BlgTr 13) / Constitution WharfTrust (Boston)../

Copley Sq Tr (B)./Prefrred

Delta Indic Tr (I3)..1 Devonsh Big Tr(13)/

Preferreed Dwelling HouseAssoc (Boston)_h

East Bos Land (13).East St R E Tr(B) / Ensley Land Co__1Essex St Tr (Bos)_1 Factory Big Tr(B)/ Fifty Assoc (BosHaymarket Tr 1-3)/3flotiTr,T'raine( ) / Huntington ChainT r Boston)_ _I

Kimball Big Tr(B)1LoveJoy'sWhTr(13)1MerehRETr(13os) h Munielpq RETr (13) /

Bid. Ask.

share140

17018790

8131,s 225k 395%

160

s 3l53'

24011099

k 100

k 105k 1,280

300

k 99%

s 150%

39091275

148 ).6k 1384k 121%k 95s 220

98s 222300

k 200

195s 229

170122%

k 97115

7495

140195183255

k 110157

s 160%

127s 82k 60

6294%

260%

3 240

k 187

173%280

s 211

175

260

192%118

- -_

150215200_

- - -

-k14a

s 281

Troy Cot'n& Wool'nMfg (F R)_ 500

UnionCotMf(FR).a Utica Knitting_100

Preferred ____100Utica Steam &Moh Val Cot M.a

Wampanoag Mills(F R) 100

Wamsutta M (NB)aWeetamoe M(FR)aWhitman M (NB) a

York Mfg (Me)_ a

Southern Mills.Abbeville CM (SC) a

Amer Spinning Co AndersonC M (SC) a

Arkwright M (SC)aAtl & Gulf C (Ga).a Augusta Fac (Ga).aBelton Mills (SC)_aBibb Mfg Co (Ga) a

CabarrusCM (NC) aChesnee M Clifton Mfg (SC)_a

Clinton CotM (SC) a Courtenay Mf (SC) a Dallas Mfg (Ala) a Darl'g'n Mfg(SC).a

Eagle & Phenix Mills (Ga) a

EnterpriseMf (Ga)a Expos'n C M (Ga) a

Gaffney Mfg (SC) a Granitev Mfg(SCia

Greenw'd CM (SC aGrendel Mills(SC aHenrietta M (NC aKing ,JP , Mfg (Ga) a

LancasterCM (SC)aPreferred a

Laurens CM(l _aLouise Mills(NC _aMarlboroCM (S )aMayo Mills (NC) ..a

Mills Mfg Co(SC).aMonarch CM (SC)aNewberryCM (SC)aOrr Cot M (SC). .a Pacolet Mfg (SC)a

Pelzer MfgCo(SC)a Piedmont Mfg (SC) a

PhillipsButtorffM aPoe,FW,Mfg(SC), a

Roanoke M (N c) a Saxon Mills Sibley Mfg (Ga)....a

Spartan Mills(SC) aTucapaun M (S C)aUnion-Buffalo M

(S C) 1st pref___ Victor-Monag Co_a

Preferred aWarren Mfg (SC)_a

Preferred a Wash'n M (Va)pf.a

Webb Mfg (Nash) aWhitney Mfg(SC) aWoodside Cot M..a

Preferred aWoodruff M

Canadian Mills.

Can Convert, Ltd.aCan Cottons, Ltd_a

Preferred a Domln Text, Ltd_a

Preferred aMontreal Cottons.a

Preferred aPenmans, Ltd.. a

Preferred a

INSURANCESTOCKS.

Albany. Par.Albany InsCo__ 50ComrderceInsCo 25

Baltimore.

Baltimore-Amer _25 Central Fire_ 10

Boston.

Boston 100 Colum Nat Life.100

Conveyancers'Title 100

Mass Bonding__ Mass F & M

Brooklyn- See N

Detroit.Detroit F & M__50

Michigan F & M 50

Hartford.Aetna (Fire)_ _100Hartford Fire_ _100Hartf Steam BollInsp & Ins.... 100

National Fire_ _100Phoenix (Fire)_100Standard Fire__ 50

Life InsuranceAetna Cas'ty & Sul Aetna Life 100 Conn Gen 100Travelers' _100

Rights

Louisville.Liberty 50

share.

115100

165

200

share

430230400

160325205

365340

248

150

292260

300

100370

325445375425410460155

150

128315108

75

350

73%93%

126

117%k 92

cent.200180

share.

share.

500120

86

share.

share.

565

375

510

share.520660475620125 •

sent.125

Minneapolis.Nor'westF& M 100

Newark.American 5Firemen's 50Newark Fire 5Prudential Life. 50

New Haven. Security Ins 25

New Orleans. Lafayette 50

New York.Amer-Alliance _100City of N Y_ _100Commonwealth 100Continental 25Fidelity-Phenix 100Globe&Rutgers 100Great American 100Hanover 50

Home 100Mercantile _100 National Liberty 50

Niagara 50 Northern 100 North River_ 25

Pacific Fire 25Stuyvesant ____100

United States_ _20Westchester new 10

Philadelphia.Alliance of Phila_ 10 Fire Association_50Ins Co of N A_ _ _10

InsCoState of Pa100 Lumbermen's _25

People's Nat Fire.. Phila Life 10 Reliance 50

UnitedFiremen's .10

Pittsburgh. Allemania 50

BirminghamFire .50 City Fire 50German Fire_ 50Globe Fire 50Humboldt Fire ..50Nat .BenFranklin50 Pittsb Fire 50

Superior Fire Teutonia 50 Union Fire 50

UnitedAmerican_ 50 Western Fire __50

Providence.Prov Wash'ton_ 50

Richmond. Virginia F & M....25

St Paul, Minn.StPaul F & M _100

San Francisco. Firemen's Fund 100 Home Fire & Ma-

rine Vulcan Fire Ins _

Washington.Arlington 10

Corcoran 50Fireman's 20

German'Amer_ _100 National Union. 5

MARINE INSUR•ANCE SCRIP.

Atlantic Mutual-1918 1919..

MINING STOCKSAcacia 1Adventure Cons_ 25Ahmeek 25Alaska Gold M 10

Alaska JuneauGold Mining. .10

Algomah 25Allouez ______ 25AmGoldM (StL) 10 Amer Zinc Lead &Smelting 25Preferred 25

Anaconda Cop. .50Arizona Com'cial_5

Arnold 25Batopilas Min 20Bingham Mines_10Bonanza DevCo 10 ButteCop & Z vtc.5

Butte & Sup _10 Calumet & Ariz. 10

Calumet & Hecia 25Canada Copper. .5

Centennial 25Centre Cr'kMin_10 Cerro de PasCo(t)Chili Copper____25

Chino Copper_ _ __5Consol Interstate-

Callahan 10Con Min &Smel 100Cop Range Con 100Cresson Con G. .._1Cripple C'k Cons 1Crown Reserve_ _1Daly-West 20Dante 1Davis-Daly Cop. 10Doctor Jackpot_1Dome Mines_ ___10

Per

Per18

22513%

450

Per42

Per210

Per270150300

d 797001000420

d570

d 175d 210102

d 50d 45

50d 35d 38

Per

s 336

Per

par

140

PAT

114

520

Per355

4617%

Pe,

7020,24053i

Per9595

Per2c

95c.721%

1%40c37

185561%13%40c

71%

2663%

z 3851%15

5518%30%

19%3045%2

3-10c .44c.3%2%11%4%12%

Per23c.15c.1132

13433,-1.51

11c.

49

423,-c.103c.3553's

60

563443c.43803434

303143443135c.3

43c.231531831247

z67311573119801131163175c •25c.3583450sl8c.

239431c.

,(1911zuSc.

1531

6e.17%by.12%5%5

11%2%2%2%214c.418%74%2%

1%20%75c.1%

Per

80

a a 50aaaaa 95a 85aaaaaa

a 50a

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aa

a

aa 20a 80aa 70

------Share

3c.18c.14343:3

13433/i1.53

13c.

50

45c.12e.36346

65

574%c.4438135

30%43143140c.3316c.33155824768163182483113-10%135c.35319 453819c.44c.2331161%21%

16

7e.173/

1257s5%

1232%2312315c.429%,75313

2211311/s

share.60

75

700

916540

920--

900

6030

30

2585

35060090

3500

05

65

250

a Par value $100. 0 Assessment paid. c Par value $700. d Price per share, not per cent. • Par value $500. g Par value $1,00u. A Par value$50. k Last sale in First installment paid. n Nominal. s Sale price. t New stock. s Ex-dividend. fi Ex-rights. s Ex-stock dividend.Without par value.


FEB., 1920.] INDUSTRIAL AND MISCELLANEOUS SECURITIES 47

Stocks. Par. Bid.--

Old South Big As../Oliver Bid Tr (B)..1 a 80Paddock Bid Trn1 aPem'tonBldTr B / a 30Post Of So Tr (B)_/ a PrayBids Tr (Bos) 1 a E Assod (Bos)_ -1 a

Realty Associates ofBrooklyn 1 108

Som'set if Tr (B)../ a 40South St Tr (Bos)_1 a South Term Tr (B)/ a State St Ex (Bos)la Suffolk R E Tr(B)h a

—Summer St Tr (13)_/ a /55 term Hotel Tr(B)_/ a

Preferred 1a texas Pacific LandTrust certfs ___ 1 370

trem't Bid Tr (B) 1 a 40rrimtn Tr (Bos) _ /University Associ-ates (Cambr) _ 1 a

Western R E Tr _1WInthroplIldTr(B) afITLE GUARAN-TEE & SAFEDEPOSITSTOCKS Per

kmer Surety_ __ _50 82Bond dr M Guar100 225Chicago T & Tr.100 216CitySD(AlbNY)100 160Columbia Title(Washington) ..5 d 43

Fidelity&D (Md)50 d 129istMg Gu N Y_100 K C (Mo) Casual_ 7%Kentucky Title CoPreferred ____100 100

Lawyers' M Co. 100 120Louisvillle Title.100 122Maryland CasCo25 d 91Mortgage Bond.100 92Nat Surety Co_100 213NY Title&Mtg_100 143RE T I ns ( Wash) 100 80Tit Ins&Gu (San Fr) 135MU° Gu Tr (St L) 100 70• S Casualty_ _100 18USFidel&Gu(M) 50 d 129USTGu&Indem 100 80Westch & Bronx Tit& Mtg Guar. 100 150

INDUSTRIAL &VIISCELLANEOU S PerAdams Express.100 30Advance-Rumely —Corn 100 41%Prof 100 70

Aeolian-Weber=Plano & Plan.. 100 35Preferred _ _ _100 03

ketna ExplosivesNew stk (no par) d 03Preferred _ _ _100 65

Ajax Rubber.. _50 d 81Alabama Co_ _100 87

1st pref 1002nd prof. .__100

Albany Corn.. 100 50Albany (N Y) SafeDep&Storage 100 165

Allied Packers_ _ d 27Allis Chalmers MfgCorn 100 493.Prof 100 86

Am Agri Chem. 100 94Preferred ......100 93%

Am Bank Note.50 d 43%Preferred ____50 d 4434

Am Beet Sugar_100 91Preferred _ ..100 88

American I3ook.100 105Am Bosch Magn(t) d 121Am BrakeSh&F 100 87

Preferred _ ..100 168American Brass 100 225American Can_100 55Preferred _ ..100 9834

Am Car & Fdry 100 13734Preferred _ _ _100 115

Am Caramel 100 1034Preferred 100 100

Am Chicle... 100 87Preferred 100 79

Am Cigar 100 125Preferred _ _ _100 83

Am Coal of N J_25 d Am Cotton 011..100 5034Preferred _ _ _100

A.mCreditIndem100 270Am Cyanamid_100 20Preferred __ _100 48

Amer Drug Synd 10 d 1334Am Express__ _100 9734AmFrultProd pf100 334American Glue.. 100 305

Prefer red _ _ _ 100 140Am Hardware_100 148Am Hide& Leath100 25Preferred _ _.100 11634

Amer hosiery. 25 d 954, Am Ice Co- - - -100 44

Preferred _ _ _100 02Amer Intern CorpFull paid _ —100 10934

Am-La FranceFire Eng Inc_10 d 1434Preferred _ _ _100, 00

kmer Laundry IMachinery _.100 72Preferred _100 102

kmer Linseed_ _100 8434Preferred _ _ _ 100 9834

Am Locomotive 100 9834l'referred __ _100 104

Ask. Stocks. Par. Bid. Ask. Stocks. Par

45 Per85 Am Mch dr Fdy 100 110 Am Malt &Grain (t) d 36 Amer Piano. _.100 60 Preferred 100 803415 Am Pneu Serv__50 d 1%65 First pref_ ...50 d 30

Preferred .___50d 634115 Am Press Assn_100 15 Am Radiator_ _100 325

Preferred _ _.100 11635 Am Rolling Mill 25 d 5134 Preferred..100 96500 7% deb pref_ 100 1003485 American Screw 100 14990 Am Seed Mach _100 79 Preferred 100 95

Am Shipbldg_ _100 110380 Preferred ...100 79 Amer Ship & Corn-85 merce___ (no par) d 2434

Amer Smelt Sec Pf Ser A stpd_100 81118 Am Smelt&Refg100 683445 Preferred _ _.100 97

Am Snuff com_100 106Preferred _ _ _100 82

Am St F'dries 331-3 d 4434share. Preferred .._ _ _100 93

86 American Stores (t) d 4134235 Am Sugar Refg_100 13434220 Preferred ..100 118175 Am Sumat Tob_100 9134

Preferred _ _ _100 9134534 Am Thread pref__5 d 334

131 Am Tobacco...100 266Preferred _ ..100 97

8 Am Tob Sec _ _ _(t) 6734Am Type Foun_100 44

103 Preferred _ ..100 88125 AmVitrified Prod 50 d 15140 Preferred _ _ _ _100 9395 Am W W & Elec07 Common _ _ _100 234217 First pref_ ..100 50150 Partic pref_ _100 6 Am Wind Glass

Preferred _100 75 Am Wind Glass200 Mach 100130 Preferred _ _ _100 93 Am Wool(Mass)100 15534

Preferred __ _ _100 10434170 Am Wringer_ _100

Preferred _ _ _100 Am Writing Pap100

share. Preferred _ _ _100 553431 Anglo-Amer 011_£1 d 26

Armour dr Co pf 100 1083%4234 Assets Realiza_100 471 Assoc Dry G'ds_ 100 56

1st pref. .._100 7450 2nd pref_ _ _ _100 743496 Associated 011_100 119

Associat'd Simmons934 Hardware ___100 300

Preferred ___100 928134 Atlantic Fruit.. 100 3592 All Fruit & S. S__ 7 At! Holding... 100 100

s 76 Atl Gulf & W55 Ind SS Lines_100 165

Preferred ...100 67175 Atlan Lobos 0 11. (t) d 6030 Preferred 50d 115

Atlantic Refin_100 147550 Pref new _100 1133488% Atlas Powder__100 1539434 Preferred ..100 893495 Autosales Corp. .50 d 174634 Preferred .._ _ _50 d 294534 Babcock dr Wil_100 12092 Baldw Loc Wks 100 1183402 Preferred _ _ _100 8 100115 Baltimore Tube 100 123% Preferred ....100 10034 Barnet Leath'r_(t) d 85200 Preferred_ _ __100 d 9134228 Bar & Smith Car100 2345534 Preferred. - -100 5gg Barrett Co 100 126138 Preferred_ _ _ _100 109116 Beatrice Cream 100 195

Preferred_ _ ...100 100105 Bethlehem Mot(t) d 283490 Beth'hem Steel_100 9283 Class B com_ _100 97130 Preferred_ _..100 1003490 8% cum cony

pref 100 1133452 Billings &Spen__25 d 10385 Bliss E W) Co_ _50 b 400 Preferred 50 d 6035 Booth Fisheries..(t) d 1355 1st pref 100 7014 Borden's Con M 100 116gg% Preferred_ _ _ _100 06434 Borne,Scrymser 100 430

320 Bost Belting pf. 100 35144 Brier Hill Steel_100 151 Preferred_ __ _100 _26 Brill (J G) 100 4911734 Preferred_ 100105 Bristol Brass_ ...25 d 334434 Brit-Amer Tob £1 d 1965 Ordin bearer. .1 d 19

Rights d 73.1,10934 British Col Fish

dr Packing. 100 641434 Brown Shoe_ ___100 10093 Preferred_ _- -100 9734

Brunswick-Balke-77 Collender pf_100 103110 Brunswick Term8534 & Ry Sec_ _ .. _100 79834 Buckeye Pipe 14.50 d 97gg Burns Bros....iOOt 106

10534 Preferred_ _ _ _100 98Bush Terminal_100 80

Preferred_ _ _ _100 77

share.1204380831%346%3035012553

10116082%

11380

25

8363%981109045%93%42136118%92%93%

270971567%47921694%

3%558

s 104

125

156%105%80100

a 1256271094577576122

3509335%8

115

165%7065140

1500114%15891%17%33123118%

s 101s 59a 90

959657

12811220510428%933407341 02 %

114%106440801473117994504018511050

3520207%

04%10199

107

89911011010082

Butterick Co.. _ 100CaddoCentO&R100Cal Pack Corp... (t)

Preferred.. 100California

PetrI'm Corp 100Preferred_..100

Calumet dr ChicCan dr Dock_100

Cambria Iron___50 d 3934Cambria Steel.._ _50 d _ _-Canada Cement 100 7134

Preferred_ _ ..I00 96CanFdys&Forg 100 22234

Preferred.. _100Can SS Lines_ _100

Preferred_ _ _ _100CanadianCar&F100

Preferred_ _ _ _100Can Con Rub_ _100

Preferred_ _ ..100Canad'n Explos.100 280

Preferred_ ..._100 8334Can Locornotive100

Preferred_ _ ..100 --Canton Co 100Carbon Steel.. _100 100

1st pref 100 1002(1 pref 100 71

Carib Syndicate_25 d 45Carriage Fact_ _100 3634

Preferred. ....100 85Case(.T I) ThreshMach pref. _ _100 98

Casein Co of Am100 43Case Lockwood &

Brainard Co_100 210Celluloid Co_ _ _100 147Central AguirreSugar Cos 20 d 94

Central C & C..100 Preferred _ ...100 80

Cent Foundry_ _100 30Preferred_ _ _ _100 47

Cent Leather_ ..100 9234Preferred_ _ _ _100 106

Cert'n-teedProd (t) d 561st pref 100 84342d pref 100 8034

Champion CoatedPaper 100 215Preferred _ _ _100 97

Chandler Motor100 139Chesebrough

Manufact'ng _100 245Preferred_ _ _ _100 107

Chic And Assn_100 8Chic June Rys &Un St Yd stpd100 Preferred _ _100

Chic Pneu Tool_100 943%Chic Ry Equip 100 110Childs Co 100 89

Preferred_ _ _ _100 a 05Cin Tob Wareh_100 20Ciu Un Stk Yds.100 116City Investing_100 75

Preferred_ 100 80Clev Cliffs Iron..100 250Clev&Sand Brew 100 10

Preferred..._100 20Cleveland Stone 100 Cluett, Peabody100 9334

Preferred_ .....100 101Coca-Cola (t) d 3734Collins Co 100 210Colo Fuel dr Ir_100 4034

Preferred.. _ ..100 _Colt's Patent

Fire Arms M.-25 d 58Col Graph Mfg_

Preferred _ _ — 100 91New stock.-- (t) d 5034

Comput-Tabulat &Recording Co 100 52

Conley Foil_ _ _ _100 315Consol Car Heat 100 15Cons Cigar (t) d 62

Preferred 100 8234Cons Coal of St L.100Cons Ice(Pittsb_50 d

Preferred 50 d Consol. Textile_ (t) d 30Cons Coal of Md 100 7934Consumers Co_100 65

Preferred..___100 91Continental Can100 8634

Preferred _ __100 102Cont Candy....._(t) d 12Continental Mot.10 d 13

Preferred _ — _100 10034Continental 011.100 525Corn Prod Refg.100 8434

Preferred_ _ _ _100 103Costien & Co com_5 d

Preferred 5 d 434Cramp (Wm) &

SonsSla&E131d 100 Vol trust ctfs...._ 150

Crescent Pipe L 50 d 34Crex Carpet_ .100 60Crock-Wheeler. 100 90

Preferred_ ___100 97Crucible Steel- _100 221

Preferred.. ...100 9934Cuba Cane Sugar (t) d 4934

Preferred _ _ _ _100 8234Cuban-Am Sug_ 100 440

Preferred_ _ _ _100 105Cumberl Pipe L 100 120D H Ilolmes Ltd100 255Davis C & C....100 40Davison ChemicalCorp (t) d 38

Deere & Co pref 100 101D L& W Coal_ _ _50 d 165De Long Hook& Eye 100

Bid. Ask. Stocks. Par. Bid. Ask.

Per22%23

d 8334125%

40%71%

77%83%61101

share.2423%83%

41%72

4940

r72-9822392788336134101%

8699%95

k 160%10611076473786

10053

185-96106

356592%10757%90

225

139%

26511012

130%8595%

94100__

125809027512%3080991043826041

60

9251

54335256483%6662430%80679288%10312%13%

545"8510494%

iö let pref tr ctf .10037 Hale&Kilburn Corp60 Common __10094 Preferred.. _ _ _100101 HallSwitch&Sig 100222 Preferred_ _ _ _100gg% Harbison-Walker50 Refractories _10083 Preferred_ _ _ _100400 Hartman Corp..100107 Hart, Schaffner125 & Marx 100

Preferred_ _..10045 Haskerl3ark Car_ (t)

Havana Tob__ _1003834 Preferred_ ....LOO105 Hawaiian Corn180* Sr Sugar 25

Ileime (GW) Co10020 40 Preferred.. ___100

Ilendee Mfg_ .i00Preferred_ _ _ _100

38851061061009542%

1038010495

16%1459611517229901809870%95901653078080157%

606519010077%95%

385100%88

d 28%97165101%

d 4411395

85%300410115%

d 79

PerDiamond Match100 12234Dixon (J) Cruc_ 100 n 300Dodge Mfg pref 100 9934Dominion Bdge.100 10634Dom Coal pref 100 Dominion Glass 100 64

Preferred_ .._..100 Dom I & S pref_100 91DomStCorpcorn 100 75duPont (E I) deN & Co com_100 373Debent stk.. ..100 9034

Durham Hosiery.50 d 60Preferred_ _ _ _100 100

Eagle Lock 25 d 108Eastern Steel ....100 84

1st pref 100 89Eastm Kod N J 100 590

Preferred _ _ _ _100 106%Edm's &Jones Cor d 31

Preferred _ _100 85Elec Bd & Sh pf 100 a 88Elec Stor Batt_ ..100 129Elgin Nat Watch100 165Elk II Coal Corp.50 d 24%

Preferred 50 d 35%Ely Walker DryGoods 100 1881st preferred_100 101342d preferred_100 85

Emerson -Branting -ham 100 26Preferred _ _ ...100 84

Empire St &Ir..100 25Preferred.. _ _ _100 65

Endicott-JohnsonCommon 50 d 132%Preferred.. .._.100 101%

Eureka Pipe L..100 146Fairbanks Co.. ..25 d 78

Preferred .....100 Fajado Sugar.._100 142Famous-Players-Lasky Corp__ (t) d 81Preferred_ _ _ _ 100 8934

Far & Ship TobWarehouse ...100 1st preferred. 100 602d preferred.. 100

Fay &Egan com100Preferred_ _ _ _100

Federal Sug Refg 100Preferred_ _ _ _100

Fisher Body.....(r)Preferred_ _ _ _100

Fisk Rubbercom_25 d2nd pref 100

Foundation Co (t) d 105Freeport Tex Co (V d 27%Gail' (Robert)Co pref 100 a

Galena-Sig 011.100Pref (old) 100Pref (new).. _100

Gaston Williams& Wigmore __(t)

TGenAmankCar(t)let preferred_100

Gen Asph com..100Preferred_ ...100

Gen Baking....._100Preferred_ 100

Gen Chemical... 100Preferred_ _ ...100

Gen Cig com_100Preferred_ _..100Deb Pref 100

General Electric100Gen Motors. _._100

Preferred_ ...100Debenture stk100

Gen Petrol 100Preferred

Gen Ry Signal_100Preferred_ _ _ _100

Globe-Wernicke-100Preferred_ ___100

Goodrich (B F)_100Preferred .._...100

Goodyear Tire &Rubber corn. 100Preferred_ __ _100

Gorham Mfg pf 100Gorton-Pew

Fisheries com_50Preferred_ _ ..100

Grasselli Chem. 100Preferred_ ___100

Gray &Davis_ _ _25Gray &Dudley_100at A& P Tea pf 100Great Lakes Tow100

Preferred.. ___100Gt. Nor. Paper_100Great West Sug_100

Preferred_ __ _100Guantanamo Sug50Gulf States Stee1100 78%

92%

1235412

118a 101104

05115

d 58%210

d 65%1509845%97

share.124%325101107

k 97 tz657'

s 90

378926510311189

Lo"8--- -

3490921301752541

195102%87

27%863070

135%103150

s 98%147

81%90

580204095110110129%10443

11028

1058310899

17%,1609811818032931951007110093168%30881%80%

1037580

10577%9534

39010195

291031701024611510558%

32542011781

s 7997%

1538618

s 101%106

97

59412

67%16510247%102

a rUrchu,ser also pays accrued int. d Price per share, not per cent. e Par value $500. h Par value $I

I Par value $100. n Nominal. o Price per cent of par value. • Bale price. t New stock. u Ex-stock divi

t Without par value.

000. $ Par %Tune $10. k Last sale.dead. z EY Avidend. y Ex-rights.


48 INDUSTRIAL AND MISCELLANEOUS SECURITIES [VOL. 110.

Stocks. Par. Bid. Ask.

HerculesPowder100Preferred_ ___100

Herr-H-MarSafe100Heywood Bros dr

Wakefield Co 100Preferred_ ___100

Hock Val Prod_100Holly Sug Co--- (t)Preferred_ _ __100

HolyokeWatPo.100Hooven Owens &

Rentschler pf 100 90HoustonOilctfs 100 115

Preferred ctfs 100 Div d

Hupp Motor_ ___10 15%dutch Sug Pltn_25 d 27%Hydraulic Pr Br100 83

Preferred_ ___100 543/iflhinois Brick...._100 80Illinois Pipe L__100 172Imperial Tob ofCanada com___5 d 6Y

1ndepen Brew'g_50 d 3Preferred 50 d

Indiana Pipe L.._50 d 98Indian Ref corn 100 225

Preferred_ ___100 115Ingersoll-Rand 100 n 175

Preferred_ ___100 n 100Inland Steel_ __100 270Intercont Rub_100 13flit Ag.r Cor com100 193

Preferred_ __..100 78Inter Button Hole •Sew Machine_10 d

flit EducationalPublish'g com_50 d 1Preferred 50 d 12%

Int Harv (new)_100 127%Prof (new) _ ....100 112 A

Inter Merc MarineCommon_ _ _ _100 39%Preferred_ ___100 96

Int Mot Truck (t) 1181st pref 100 792d pref 100 67

Inter Nickel 25 d 24Preferred_ 100 88

Inter Paper___ _100 84Preferred_ ......100 80Pref stamped__ _ 76%

Internat Petrol_ _El dx 66%Inter Salt 100 70Inter Silver._ 100 30Preferred_ _100 93

Int Text Book_ _100 73Iron Prod Corp_(t) d 50Iron Steambt Co.10 d 2lsl'd 011 dr Trans 10 d 5%JRMontgomery 100 100Jewel Tea 100 18

Preferred.. _.._100 41%Johnson Tin Foil& Metal 100 110

Johns-Pratt Co_100Jones Bros Tea..100K C Stk Yds of MeCommon.. _ _ ..100Preferred_ 100

Kayser(Jul)drCo1001st preferred_100

Kelly-SpringfieldTire corn 25d 135%8% preferred_100 103 346% cum prof _100 93

Kelsey Wheel.. ..100 78Preferred_ __ _100 9634

Kentucky Wag _100 90Keyst Tire & R_10 d 3734Keyst Watch C'el00Kirby Lumber_100

Preferred ___ _100Kolb Bakery pf.. _10Kresge (S S) Co—New stook__ _100 140Preferred.. ___100 103

Kress (SH)dr Co100 80Preferred ....__100 10034

La Belle IrWks.100 110Preferred_ ___100 124

Lackawanna St_100 83%Lake Sup Corp..100 203/iLake Tort) Boat..10 dsLake of the Woods

Milling 100 y 180Preferred.. ......100 101

Landers, Frary& Clark 25 d 623Rights d 7

Lanst Monotype100 8434Laurentide Co ..100 270Lee Rub & Tire (t) d 3434Lehigh Coal &

Navigation —..50 d 6234Lehigh Val Coal

Sales 50 d 85Leh dr Wilkes-Barre Coal_ _ ....50 dn200

Libby, McNeil drLibby 10 d 27

Liberty Mills_ _100 100Library Bureau..100 80

Preferred._ ___100 104Lig&MyersTob_100 195Preferred_ ___100 107

Lima Locom___100 80Preferred _ ___100 94

Lindsay Light 10 dPreferred 10 d OYiLit Brothers_ 10 d

Loew's Inc (tS 30Loft Inc (t) d 22%Loose-WilesBis_100 65

1st pref 100 983i2d pref 100 114

Lord & Taylor.. 100 401st pref 100 902d pref 100 80

Per222107%35

2159512

d 4996405

25%

8070

209584

share.227109%45

155198

100120

s 8834

1534

105581177

8

101002301201831052761620%80

313%129114

39%96%122826924%90%84%107776875

96755145%

18%42

12032529

8475

s 115

1371041008297%923438,4

2610090

160110

110

12584%20%

s 3%

657%85%,

35%

64

90

225

27%105

2101098597 '73410

3123691001205010090

Stocks. Par. Bid. Ask. I

MacAndrews & Per 'share.Uorillard (P)___100 167 170Preferred_ ___100 104 108Forbes 100 160 166Preferred._ 100 90 95

Mackay Cos_ ....100 65 70Preferred.. _ _ _100 64 6434MagnoliaPetro1.100 425 435

Manati Sugar.... 100 124 128Preferred_ ...l00 101 10234

Manh Beach Co100 1 234Manhattan ElecSupply 100 481st preferred_100 95

Manhat Shirt___25 d 32Preferred _100 n 100

Maple Leaf M111100 190 196Marlin-RockwellCorp v c t (t) d 63

MartinParryCorpa d 273.4Mathrs'n Alkall_50 d 31Maxwell Mot_ _100 3034

1st pref 100 583.42d pref 100 26

May (The) DeptStoresCo com 100 12434 126

'1111Preferred.. 100 10534 107McCrory StoresCommon...... _100 27Preferred.. 100 85

Merg Linotype_100 137Merritt Oil 10 dx 2134Mexican Petrol..100 1973%

Preferred.. _ _100 100Mich Limest&Ch25 d 19Preferred 25 d 20

Mid States 011_10 d 41Midvale Steel drOrdnance 50 d 49%

Midwest Refg 50 d 164Mitchell Motors (t) d 42Moline Plow let

pref 100 9434Montgomery Ward& Co, pref 100 108New common..(1) d 38

Morse Twist Drill& Machinery 50 d 210

Mullins Body --(t) d 47 48Preferred 100 97

Nashville WarehElevator....100 20 23

Nat Acme Co___50 d 3734 3834Nat Aniline &Chemical com100 6434Preferred_ 100 87

Nat Biscult 100 118Preferred_ 100 112

Nat Candy 100 1701st prof 100 1052d pref 100 106

Nat .CloakdrSuit100 75Preferred.... _100 100

Nat Condult&C_(t) d 10NatEnam&Stpg 100 81Preferred_ _ _ _100 101

Nat Fire-Proofg 50 d 834Preferred.... 50 d 1534

Nat Lead 100 82Preferred._ 100 108

Nat Ref corn_ ....100 Preferred __100

Nat Sugar Refg_100 145Nat'l Transit 12.50 d 33Natomas Co of Cal

preferred ___ _100 17New DepartureMfg pref_-__100 107

NJ Zinc 100 272 275New Mexico drArizona Land__1 d 234 3

New Orl Brew 100 5Preferred_ —100 2534

N Y Air Brake_100 10734N Y Dock 100 40Preferred_ _ —100 50

N Y Shipbldg (t) d 45N Y Transit.._ _100 d 184Nicholson File..100 325Niles-Bem-P'd ..100 107Preferred _100 95

Nor & W Stboat100 190North Amer Co_100 57N. A. Pulp dr Pap.t d 6Northern Pipe L100 102Nova Sc St dr C_ 100 70Preferred -100 106

Ogilvie Fl Mills_100 26934Preferred_ ......100 104Ohio Fuel 011- 1 d Ohio 011 25 d 357Okla Prod & Ref - -5 d 9Old Domin SS__100 90Otis Elevator_ _100 133

Preferred_ ___100 90Otis Steel (t) d 3734

Preferred_ ......100 98Owens Bottle.... ..25 d 5934

Preferred ....__100 98Pac Coast Co.. 100 25

1st pref 100 602d pref 100 45

Pacific Develop 50 d 7334Pacific Mail SS..100 d 3634Packard Motor_ -10 dx

Preferred_ 100 96Pairpont Corp_100 170Pan Am Petrol

dc Trans com-50 d 9234 0334Corn class B-50 00 9234Preferred _100 s 164

Parish&Bing.ham t d 4334 44PeckStowdrWilc 25 d 44 46PennCoal&Coke 50 d 34 3534Penn Salt Mfg__50 d 75 76

Penn Traffic.... 234 d PennSeab'sSteel d 32 33

Penn-Mex Fuel..25 d 63 67Penney (J C) Co—

Preferred _ ___100 92 95

539833

6829%3532%6029

3290137%

19821%

105242541%

49%16644

96%

11138%,

6588119116173%109

7610210%81%1039

8310936013014834

108%436047188360109100

57%6%

10570%

30302934

1051379537%100%60100451006075382596%

Stocks. Par.I Bid. Ask.

PerPettib Mulliken 100 35

1st preferred_100 100Phelps-Dodge _ _100 232Pierce-Arrow MotCar Corp(no par) d 6934Preferred ......100 101

Pierce 011 Corp 25 d 187%Preferred.... _ _100 9434

Pittsb Brewing 50 d 474Preferred ___ 50 d 14

Pitts Coal (Pa)_100 603%Preferred 91

Pittsb P1 Glass 100 16634Pittsb Steel pf_100 88Plant(TG) prof 100 PlimptonMfgCo100 105Porto-Rican AmTobacco 100 135

Prairie OildrGas100 650Prairie Pipe L_100 258Pratt&Whit pf.. 100 98PressedSteelCar 100 9834

Preferred ......100 10234Proc dr Gamble .100 716New Corn W1_20 d 14334Preferred 100 1456% pref_.... 100 10134

Pullman Co_ _ _100 11334Punta Alegre Sug50 d 88Quaker Oats 100 250

Preferred _ _ _100 96Ry Stl-Spring_100 9834

Preferred ......100 10334Reece ButtonHole Machine 10 d 15

ReeceFold Mach 10 d 4Remington Typew-Common 100 851st pref 100 9934.1st pf ser S....100 98342d pref 100

Roo Motor Car_10 d 2634Replogle Steel.. ..(t) d 43 IRepub I & Stee1.100 11434

!Preferred ....100 10334Repub Motor Tr(t) d 5134Reynolds (R J)Tobacco 100 540 IB Corn 100 415Preferred _ ....100 107

Rome Brass&C100 290Royal BakPow 100 140Preferred _ _ _100 91

Royal DutchCoNY d 1073%Saco-Lowell Co_100 220

Preferred 100 9834Safety CarH&L100 60St L Cot Comp_100 40St L Rocky Mt &

Pacific Co......100 37Preferred _ _ _100 55

SantaCeciliaSug 100 84Preferred ......100 80

Sapulpa Refg___5 d 634Savage Arms...100 7434Saxon Mot Cor_100 1834Scovill Mfg......100 400Sears, Roebuck

dr Co corn...... 100 224Preferred 100

Secur Corp Gen..100 Preferred _ .. _100

Shell Transp & Tr £2 d 88Shredded WheatCo.Common __ _100 133Preferred ......100 94

Silversmiths Co 100 55Preferred 100 75

Sinclair Cons 011(t) d 4134Singer Mfg__ _100 163Singer Mfg Ltd_ ..£1 d 23/Sloss-Sheff S&I_100 7734

Preferred ___100 8834Smyth Mfg Co_100 175Solar Refining..100 350Southern Pipe L100 168South Penn 011_100 320SoPortoRicoSug100 230

Preferred ......100 110S'west Pa P L..100 97Spicer Mfg Co 1100

00 1111221st prof Stand Coupler_100 10

Preferred 100 80Stand Milling_100 140

Preferred 100 85Stand 0.11 (Cal) 100 322Stand 011 (Ind)_100 z 715Stand Oil (Kan) 100 640Stand 011 (Ky)-100 435Stand Oil (Neb) 100 515Stand Oil of NJ100 750

Preferred _ _100 115Stand Oil 0fNY100 430Stand 011 (Ohio)100 530

Rights dPreferred.. _ _ _100 111())

Standard SanitaryMfg corn...... ..100 Preferred _100

Standard Screw 100 340Preferred A..100 108

Stanley Rule &Level (NBrit)100

Stanley Works 25 d 122Steel Co of Can.. 100 82

Preferred _ _ _100 99.Steel dr Tube pf _ 100 n 95Stern Bros pref.. 100 101Stetson (J B).._100

Preferred ......100 Stewart-WarnerSpeedom new (t) d 4334Stromberg-Cairs 25 d 30

Strotnberg Carb(t) d 7634StudebakerCorp 100 105

Preferred _ _ _100 101Stutz Motor Car(t) d 130Submarine Boat (t) d 1434

Stocks. Par. Bid.

am.

Ask.

share. Per share.43 Superior Steel_100 4834 4834 First pref _ _ _ _100 10134 105234 Swan dr Finch__100 100 110

Swift & Co___100 12534 1267034 Swift Internat_15 d 53. 5334106 TexasCompanv 100 20134 20319 TexP'cCoal&011_ 10 d 109 1129574 Thomas Iron_ _ _50 d 30 355 Tide Water 011_100 195 20515 Tobacco Prod_ _100 9034 90346134 Preferred ___100 102 10592 Torrington Co__25 d 70 72 . Preferred _ —.25 d 30 3192 Transcontl 011_ _ (t) d 2534 257%k 95 Transue & Williams Steel Forg___(t) d 6134 62

Trenton Pott__100 15 18140 Preferred ......100 50 55660 Triangle Film__ 5 ds 34 8 %262 Underw Typew_100 175 180101 Preferred _ _ _100 10634 1159934 Un B&P Corp_100 90 9210134 Union Carbide720 & Carbon_no par d 7134 72145 Union Ferry (NY

Brooklyn)_100 38102 Union 011_(no par) d 3311434 Union Tank Car100 12089 Un Stock Yds255 So Omaha _ _100 9934 1019634 United Alloy Steel t d 4934 51 ,99 Untd Cig Stores107 of Am cona_100 150

Preferred _ _ _100 11116 United Drug_1500 1541%

21:1 TP);:el

0 d 0%

100 90 United Dyewood 100 5510034 Preferred ......100 9610034 United Frult_100 195 196101 Untd PaperB'd _100 22 2427 Preferred __ _100 6846 Untd Ret Stors_ (t) d 8734 87341147% UntdShMachCor 25 d 453/106 Preferred _ ......25 d 253.5234 U S Bob & Shut 100 130

Preferred ......100 10334570 USCastIP&Fdy 100 20470 Preferred _100 52109 U S Envelope.... 100 225315 Preferred _ .. _100 106145 U S Express___100 2934923/ U S Finishing__100 1001073. Preferred _ _ _100 95230 U S Food Prod_100 67100 U S Glass 100 62 U S Ind Alcohol 100 10674 Preferred ___100 102

U S Play Card _100 22544 U S Print & Litho65 common____110000 3034

1310586 1st prof 03 2nd pref _100 4234

U S Realty dr Im100 5134 5275V u S Rubber__ _100 127 12734187 let preferred _100 11434 115

420 U S SmRef&Min 50 d 7034 701Preferred ___ 50 d 4034 4738

225 U S Steel Corp_100 10534 10534116 Preferred ......100 11334 1133425 Vacuum 011_100 420 43075 Vanadium Corp-(t) d 5134 5134

Preferred __AOC)! 11% 143488% Vandalla Coal__100 5

138 Victor Talk M_100 n1200 1225 Va-Caro Chem_100 7034 7034Preferred ___100 109 111 Va Iron, C C_ 100 8834 904134 Vulcan Detin_ _100 25 30166 Preferred _100 88 93334 Waltham Watch 100 43 4334

7834 Preferred ___100 82 8495 Warwick I dr St_10 d 185 Washburn Wire 100 320370 Preferred ___100 106 108172 Washington 011_10 d 35 40330 Wash bilarket_ -50 d 1734250 Wayland 011 Ar G-5 d 4116 WelisFargo&Co 100 52100 Weisb'chCo com100 115 WestingAirBeke 50 d 117 118 —115 West'house, Church15 Kerr dr Co-100 n 50 6090 Preferred _ _150 West'hseEl&Mt.50 d 54

_10500 nd 705 854

7054%

39250 WeslettmPorre'df Coal_50 d 725 W Va Pulp&Pap100 150 225665 Weym-Brut Co.100 107 174

Preferred ......100 98 10245551315% Wheeling Mold

&758 NewFd y nper w e f e corn....rred04009141

435 Wheeling St & 1100 161 162550 White Motor___50 d 6034 013412 Willys-Overiand 25 d 2834 2834112A New pref___1C0 09 90

Wilson&Co vtc.1C 0 7334 743 200 Preferred __ _100 95 988 107 Winchester Co355 Common _100 400

let preferred_100 992d preferred_100 67

460 Woods Mfg......100 125 Woodward Iron.100 4282 34 Preferred 80 Woolw'th(FW)_100 12398 Preferred _ ....100 11234103 World Film 5 d

s 325 Worthington Pumpk 150 & Mach v t c_100 03 94

Prof A v t c....100 00 0244 Prof B v t c-100 73 7535 Yale & Towne_100 265 27577 Young (J 13) Co_100 130 140105 Preferred _.._100 95 105104 Youngstown Sh1lee00t

108% 10913154

P&refeTruredbe-_-_-__00 376

423334125

2251401435234

45%25%

21532501103111510567%59107%10334

43.453

721044890

112313

a Purchaser also pays accrued dividend. tAsseesment pa d. d Price per share, not per cent. Last sale. n Nominal a Sale Pricet Ex-Stockadividend. a Ex-cash and stock dividend. a Ex-dividend. y Ex-rights. t Without par value.

•


49

•

UNITED STATES AND MUNICIPAL BONDSIn State and municipal bonds the custom has always been to quote them, "and interest." That is the accrued interest

must in all oases be added on. There are a very few instances which form exceptions to the rule-that is, where the prises

given are flat prices, the accrued interest having been taken into account in making them. These are indicated by a special

mark, thus W.

The figures in the column "to net" indicate the basis on which the securities sell or the interest rate which the securities

held to maturity will net to the purchaser at the present market price.

Bonds Bid. Ask.ToNet. Bonds Bid. Ask.

ToNet. Bonds Bid. Ask.

TsNil

SanJoaquinCo 55 '20-'49 J&J ,

DELAWARE 4.80UNITED STATES-See also page19 San Mateo Co 55 '20-'42.J&J 4.80 3s Dec 1 1927 opt '02 J&D 4.60

/5 Pan Can Nov 1938._Q-F Santa Barbara-581 gold Sch NewCastleCo4%5'26-34J&D 4.75

18 Conversions 1946-47__Q-J 89 91 1920 to 1941_Jan 10 4.80 45 Ref Dec '20 to '24.J&D 4.75

Is Treasury notes A-J 4%8 gold Aug 1943_ F&A 4.80 3%8 1920 J&J 4.75

Instrumentalities of U S Gov t-- Stockton S D 5s '20-'21_J&J 4.80 Wilmington-43.s '22_ A&O b 4.854 .65%

Fed F'm L 4%5 '37_M&N 98 100 CANADA-See page 50. 4%5 St dz Sew 1934_ _A&O b 4.854.65%

Fed F'm Loan 55 '38_ M&N 99% 101 COLORADO 4%5 1928-1937 A&O b 4.854.65%

Fed F'm L bonds issued by 45 1922 opt 1912 M&S 96 98 --- 4%8Bidg-Con '53-62 M&S b 4 854.65

First Jt Stk Ld. Bk, Chic Boulder 5s Sept 1 1926_ M&S 98 99 4s St & Sew Apr '25A&0 b 4,854.65 0

58 1937_ M&N 100 102 Canon C'y 55 '31 op '21M&N 98% 100 DIST OF COLUMBIA

Liberty Jt-Stk Land Bk Colo Spgs 45 '29 op '14_ M&S 4.80 3.655 Fund curr 1924_ F&A_ 97 100

K, 55 '38M&N 99 101-

48 Ref Water Mar 1 1941.. 4.80 FLORIDA

U. S. Possessions-See Fore gn Go vi. p. 4-9- Delta Co 5s ref '30 op'20J&D 99 100 ._ _Dade Co 5s Oct 1947-54-

b 5.255.10% _

ALABAMA Denver- • Duval Co 5%5'32 op'12MdzN 5--

43s Renewal 1950 98 101 55 Aug 15 1928_ _F&A 15 100 102 55 Road 1939 J&D 5

*8 renewal Cl C 1956_ __J&J335 renewal Jan 1956_ _J&J

90 93 4755City7

Denver and County)-4%8 Water Nov '48_MdzN 963 97%

55 Armory 1944 J&J Everglades Drainage Dist-

5

Birmingham 65 ref '23_ F&A 5 Garfield County- 65 1923-1935 M&N b 6% 5 %,% - --5%8 March 1 1927._ M&S 5 55 refdg May 1933 opt '23_ 99 100' Hamilton Co 5s Feb 7 '48 5

58 Improv Sep 15 '21 M&S 5 Grand Jct 55 '26 opt '21_J&J 98 99 Hernando County-

55 School 1924 J&J 5 Lake Co 48Noy'21op'11A&O 95 97 58 Fund&Highw 1944_J&J 95 97

58 Sewer 1938 J&J 5 Las Animas Co 4%s '31_J&J 97 98 Jacksonv 55 May 15'24.M&N b 5%4.80 7

55 Fund Sep 30 '41M&S 30 5 Ouray Co--45'21 op '11 F&A 85 95 5s Improvt Jan 1 '36_ _J&J b 5% 4 .80%

lefferson Co-6s 1921__A&O 4.90 Pueblo 6,8 Sept 1 1921_M&S b 5%4.80% 4.4s Imp Nov 1936_M&N b 5% 4.80%55 July 15 1020 J&J 4.90 PuebloCo4 sref'31op 21J&J b 4.90 4.75% 4 5 Feb 1937 F&A b 5%4.80%

55 1949 4.90 Pueblo Co D No 20 4%5 Jacksonville S D No 1- I4A5 July 1 1931 J&J 4.90 1932 M&S b 5% 4.80% 55 April 1045 5

4 Hospital 1083_ .J&J 4.90 Trinidad 53 '32 opt '22_A&O 98 100 Key West 55 1942 J&J 5.10

go e-58 Sewer 1942M&N IS CONNECTICUT Miami 5s 1920-1944 J&J 5.10

55 School 1943 J&D 5 *3%8 Apr 1934 A&O 43( Orange County 58 1944_J&J 5.10

55 Dock Nov 1 1947_M&N 5 *45 July 1936 J&J 97 Pensacola 435 ref 1941.A&O 5.10

55 Refunding 1049._ M&S 5 Bridgeport- Polk Co 55 Road 1921-40_ 5.10

4gs Refunding 1937_A&O 5 4%8 Bridge 1920-65 _J&J b 4.85 4.65 St Petersburg 5% 1949_J&J 5.10

4 5 Water & Sew '30.. J&J 5 43,5 Hgh Sch '21-'63 _J&J b 4 .85 4. 65 Tampa 58 June'55 op'25.J&J 5.10

go le Co 55 ref 1928_ _M&S 5 *43,15 Sewer 1922-46_A&O b 4.55 4.65 58 Mun Imp '62 op'32 J&D 5.10

55 Refunding 1031.. J&D 5 335Improvt 1920-41_J&J b 4.854 65 FOREIGN GOVTS

58 Road Feb 1932_ F&A 5 *55 Constr'n '24-'48_J&D b 4.854.65 ___ Anglo-French 55 '20A&0 15 95% 05%

55 Nov 1 1047_ _M&N 5 Bristol 438 Water 1939_J&J 4.75 Argentine Republic-

45 C H & Jail 192-6-___J&J 5 Danbury 45 Water 1946_J&J 4.60 Internal g 55 of '095 f M&S 72% 724 ...

1ontgomery-68 1024.... J&J 5 3%8 Funding Oct '41 A&O 4.75 6% Treas bds May 15 1920 983 993 ..

55 Street Pay 1923___J&J 5 East Hartford- 1 Belgian Government-

55 Funding 1940 J&J *4 %s School '27-'46 M&N 4.50 6 notes Ext'l 1921_J&J 98% 993

4%5 Water 1928____A&O East Hartford Fire District I 6% notes Ext'l 1925_J&J 953/ 96%,

• 4%5 Sch WW&Sew'44J&J 45 Water June 1933.. _J&D 4.75 British-Con82%8 op'23.Q-J 1 49% __ _ _

Nfontgom'y Co-58 '35_A&O 5 Hartford- I 455 War Loan '25-'45J&D 85

Selma-58 '27 opt 'lOM&N 5 3%5 ConnItlyBdge'55 J&J 4.60 53% g notes 1921__M&N 94% 943' NO • OA

ARIZONA 45 Water June '30-'39 J&D b 4:40% 5 8 g Feb 1 1937._ F&A 87% 87%

43is ref Apr '38 op '28 J&J15 _ *4s Water 1940-45_ _J&D b 4.50--

5 sgconyNov1922_F&A 93% 94

garicopa County S D No 1 Ois Munic Bldg '33M&N b 5 ag cony Aug 1929_F&A 93% 94

55 March 1933 Mar 4.90 *4%5 PermImp '20-27J&D b 4,36% ___ Chinese Government-Phoenix 4%5 1050 op '30J&J 4.90 Hartford School Districts- 6% Treasury notes Nov

35 School March 1933 4.90 *4g Arsenal '20-'47 M&S 4.40 1921 M&N

55 Jan 11054 opt 1934J&J 4.90 *4 s Northeast 1959 J&D b 4.30% Hukuang Rye 55 Z_J&D15 47 48 •

155 W W 1921-1950___J&J 4.90 4 5 Northwest 1945 M&S 4:60 55 of 1896 £ red on or

Prescott-55 1948 J&J 5 *4 5 2d North 1944_ J&J 4.40 before 1933 A&O 80

Tucson-58 Water 1950_J&J 5 3 South Sept '55_ M&S 4.70 438 of 1898 £ red on or

4%8WWMar10'38 M&S10 5 45-is Southwest 1944 M&N 4.60 before 1944 M&S _ . _ 70

ARKANSAS *4%8 Wash't'n '26-'47 J&J 4.40 Cuban 55 1944 op 1911_ M&S 913 92%

Ft Smith-5s 1926_- __Adz° 4s West Middle 1937_F&A 4.70 "Internal" 55 Nov 28 1913

55 W W 1020-1926__M&N St Francis Levee Dist-

Meriden (City)-4%5 Water 1920-25__J&J

1 4.75

optional M&N 28"Ext'l" g 4%8 '49 op_F&A

78753

8076%

68 Oct 1 1943 opt '33.J&J 5.25 Meriden (Town)- i "Ext'l" g 55 1949._ F&A 84% 87

65 1947 opt 1937 J&J 5.25 4s Funding 1920-35_M&N 4.70 Treasury 63 1919____J&D 963 96%

5%5 1945-1964 J&J 5.25 Middletown (City)- 1 Dominican Republic-

53-i5 1950-1969 J&J b 5.20% 3%5 Impt July 1921.. J&J 4.70 Cust's adm 8 f 55 '58_F&A 77 82%

Se 1949 opt 1929 J&J 5.251 45 Water July 1922 _J&J 4.70 France (Republic of)-CALIFORNIA 'Middletown (Town)- 5% National Loan not red

t sUnIvbldgJan5'21-65J&J b 4.654.55% HR Aid Ref '24 J&J 4.50 before Jan 1931_ _Q-F 16 v$70 $75te Highw 1036-41__J&J 3 b 4.65 4.55 ....*45 RR Aid Ref 1930_F&A 4.50 Hawaii, Territory of-15 HarbTlmp 1985 op'50_J&J b 4.65Is Highw July 3 '20-'61_J&J b 4.65

4.554.55 0

New Britain (City)-. - - 3%5 Sewer .July 1932_J&J

I 4.75

4%5 Sept 15 1949_M&S15 4s Imp '41 opt '31_ __F&A 91

10496

4.20

Alameda-45 '20 to '41_J&D 4.80 , 48 Munic Bldg 1048.. J&J 4.75 48 Imp Sep3'42op'32_M&S 91 90435 Mun Imp '20-148A&01 4.801 438 Water Aug '41_ F&A 4.75 45 May 15 '46 op '313.M&N 91 96

Bakersfield 55 1920-52_A&O, Berkley 58 1942-1951_ __J&J 55 School 1021-1055.. _J&J

4.80 New Haven (City)- 4.80 3%5 Funding '25-'35_A&O 4.80, 48 Sewerage 1920-29_A&O 4.40%

1 4.70

- - -1

4s Aug 1947 opt '37_ _F&A3%s Imp '21 opt 1911.J&J

Italian Government-

9191

9696

Los Ang-4%5 '20 to '35 J&J 43.s OR Dec31'20-37.J&D

4.80 ; 413 Paving Mar 1936M&S 4.80 , *4 Paving Pavi Aug '37 F&A b 4.35%

4.65---

5%9° 10-yr g bds(Sept'16)5% Int 1926-1941____J&J

- ... _u $80

.$65--

4 s Harb Imp '20-'51J&D 4.801 *4 Impt Mch 15 Japanese Government-43e El plant '20-'51_J&D 4.80 '27-'35 M&S15 b 4.30% .-- 4 8 £ '25 opt '10_ F&A15 a 73 733- •••••

4s Aug 1 1023-42._F&A 4.80 New Haven (Town)- 4 5 £ 1925 opt 1010 (2dann 1920 to '45 M&N 4.80 *3%8 AirLRR '20-'29 J&J 4.50 series) J&J 10 a 71% 72

45 1920 to 1930_ J&J 4.80 New London- 48 £ '54 opt '10.130 & D31-5i-- -89--3s Water '20 to '-4-1.A&O 4.80 3%8 Water July 1926.J&J 4.75 4s £ Jan '31 opt after 1921_e-

43 Sell 1920 to '44_J&D 4.801 4s Munic Bldg 1933.. A&O 4.75 Neth'd Govt 55 '20-130.F&A Los Ang Co F&A 4.80 4%5 Park July 1942__J&J 4.75 Philippine Islands-;110'20-'49Oakland-5 8 '20-'43_ F&A 4.80 Norwalk (City)._ 45g L Pur '34 opt '14_Q-F 90 95

4 Mun Imp '20-'43F&A 4.80, 3%5 Water July 1929.J&J 4.55% 45 P Wks & Imp 1935.Q-M 90 95

43s Jan 15 1920-47_ J&J 4.80 1 48 Ref Sewer '27-'28_ _J&J 4:78 '45 Impt 1936 opt '16. F&A 90 95

4 5sSch&cJno'20-'51.J&D 4.80 *4%8 Improvt '20-'39 J&J 4.50 45 gold Dec 11946.. __Q-M 90 95Oakland S D 45 '20-'44_J&J b 4.90 4.80 Norwalk (Town)- Philippine Ry-see under Steam RItsOrange Co 55 1920-45._ M&S b 4.90 4.80 ! 4%5 Bridge June '42_J&D 4.70 Porto Rico-4s 1921-33_J&J 92 97Pasadena-48 Jan'21-'42J&J b 4.904.80 -- Norwich- 43 Jan 1 1937 opt '22.J&J 92 97430 Wat Pl't '20-'36_A&O b 4.90 4.80 3%8 Funding 1925__J&D b 4.904.70% 43 Jan 1 1944-1950.. __J&J 92 97

Pasad S D 435'20-'22 Sep 15 b 4.90 4.80 45 Gas & Elec 1931_ _A&O b 4. 904. 70 4s gold 1020-1056. ...J&J 92 97Redlands-5s 1922-51_ _J&J b 4.90Riverside 55 1920-53___J&D b 4 . 00

4.804 . 80 __-

4%,8 Water Mar '39 M&S43,5 Refunding 1938 A&O

b 4.90b 4.90

4.704.70

45 Road 1927-1930___J&J45 1927-1930 reg J&J

9292

9797

Riverside Co 55 '25-'54 M&N d 4.904,80', _ Putnam (Town)- Russian 48 of 1902 opt _ _Q-M 15Sacramento 45 Jan'21-'45 opt, b 4.904 . 80 4s Water '22-'46__A&O 4.75 Wladikawkas 43 Jan 13 '574%5 Sew & Dr '27-'34 J&JIb 4.00

Sacram'to Co 4%5'20-46J&D, b 4.004 . 804.80

---• Stamford (City)-... , 48 Park May 1042.. M&N 4.70

optional 1916. ___J&J146 credit Jue17'19J&J 0

1031

2032

SanDlego 58 WW'20-'54A&01 b 4.90 4.80 0 -•1 Stamford (Town)- 5 Int Loan '26_ F&A14 327 $32

43s 1920-1941 J&JI 4.904 . 80 , 43-8 School 1921-45 _J&J 4.70 5% Ext Ln Dee21_J&D 31 32

4ijs Wh & liar '21-'52J&J1b 4 . 904 . 80 Waterbury3%8Sch'21-32J&J 4.70 4 0 Int Loan 1024_Q-M 14 $70San 4rancisco 58 g'20-'55 J&J :b 4.904.80 48 Park July '20-'58. J&J 4.70 Swedish 4-3%8 1920_ __F&A 50 7055 Munic 1920-1960_ _J&J 1 b 4.904,80'. 4%5 City Hall '24-'63.J&J 4.70 Os June 15 1939....J&D15 93 9555 1020-1039 M&N 1b 4.904%5 April 1922 A&O ,b 4.90

4.804* 80 0

*4%8 Water '49-'93 _J&J West Hartford-

4.40% --_ Switzerland 48 optional.J&D5 notes 1920 M&S

_ _ _99%

3s g July 1 '20-'44J&J b 4.004,80 - - 4%5 Ref & Imp 1943_J&D 4.70 5 s Aug 1 1929_ F&A 88 90

Basis. c On basis of $13 to the .C. d On the basis of 4 marks to the dollar. .1 Flat price h On the basis of $4.86 2-3 to the £. 11n Londonn Nominal. s Sale price. 1 Dollars per 1,000 rubles, flat. u Dollars per 1.000 lire, flat. s Dollars per 1,000 francs. * Tax free in Connecticut.


50 STATE AND MUNICIPAL BONDS [VOL. no.

Bonds Bid. Ask.ToNet. Bonds Bid.

ToAsk. Net. Bonds Bid. Ask. Nei.

United States of Mexico-51; g Ext Ln Ref '45...Q-Jan48 gold 1954 J&D

FOREIGN CITIES, &o.Amsterdam 4s 1900-01_A&OBordeaux(City)6s '34_ M&N 90%Copenhagen 4s of 1901.M&N 1 665%s Munic. Ext. '44.J&J 80%

Havana-lst 6s 1939___Q-J 982d 6s Q-J 97

Lyons (City) 65 1934..M&N 90%Marseilles(City) 63'34 M&N 903,gParis (City of) 6s '21_A&015 91Rio de Janeiro-6s-Ext'l ser 1922-31 M&N b 7%

San Juan (City of) Porto RI co-58 Ref & Imp 1922-36_J&J b 5%

Sao Paulo (City), Brazil-670 Ext g bds 1921-28 J.Sr.1 b 8%6% Ext s f 1943_ M&N

Tokyo (City of) 55 of 1912-Red ann a f beg'17-52M&S 583CANADA-(New York Pri

Dominion of Canada-5 % 70 gold notes 1921F&A 985 % % gold notes 1929 F&A 945%5s 1921 A&O 97%5s 1926 A&O 93%5s 1931 A&O 91%5s Mar 1 1937 M&S 8753s Vict Ln Dec '22_J&D 8853s Vict Ln Nov '23M& N 88534s Viet Ln Dec '27_J&D 89%5%s Vict Ln Nov '33M&N 9053s Viet Ln Dec '37_J&D 92

Alberta, Province of-5% deb May 1 1925_ M&N 91 944%% s f deb 1924F&A 87%

Calgary 55 1933 J&J 5s June 15 1935_ _J&D 15 5s July 1 1945 J&J

Galt 4{s Apr 18 '31_A&O 08 4%s ElPow.Pne5'31 J&D5

Guelph-55 Cons debt 1920____J&J

Halifax N S 4s July 1945_55 Jan 1951 J&J

Hamilton 4s 1922 A&O 4s Apr 1 1932 A&O 4s Elec L & P 1941__A&O

Lachine P Q 5s 1954 ..J&D Maisonneuve Q-

5 s May 1 1936._ M&N 5s May 1 1930. __M&N

Manitoba 5s 1920 F&A 48 gold 1930 M&N 48 Drainage July 1 '29 J&J

Montreal-5s Dec 1 1945 J&D b6 70 6.2558 s f Nov 1 1956___M&N b6 7 6.2543.s May 19546.254 s Jan 1944 J&J b6% 3.14s 1925 M&N 4s reg May 1927.... M&N b6% 6.254s May 1 1933 £____M&N.b6 6.254s May 1 1944 M&N b63.V 6.2533,1is Rfg May 1939._ M&N b6% 6.25%

New Brunswick, Prov of-3%5 Jan 1933 J&J 4s April 16 1921__A&O 16 4s July 3 1930 J&J 45 1932 opt 1902 J&J 4s 1932 opt 1902_ F&A 15 4%s Dec 1 1925 J&D

North Vancouver 5s '60_J&J Nova Scotia, Prov-45 May 11920 M&N 55 Jan 1 1926 _____ ___J&J

Ontario, Prov of, 5s '20_ F&A 58 May 28 1922_ M&N 28 58 Dec 11926 J&D 4%s May 1925 M&N 4s1941 M&N 4s March 1 1928....... M&S 3%s 1936 J&J

Ottawa City 5s '20-'45__J&J 4 s '25, '34, '35, '44_J&J 3 s Sew Sep 26 '28_M&S

Quebec, Province of-5s April 1 1920 A&O 5s June 1 1926 J&D

Quebec City 58 April 1920 4%s 1922 J&J 33.s gold July 1930....J&J 3 s July 1 1931 J&J 3 s Jan 1 1931 J&J 33s July 11933 J&J

Regina 5s 1929 __ _J&JSt Boniface,Man,5s '31 J&J2Saskatchewan, Prov 45'23_ b 7%Three Rivers 5%s '20 M& N2 Toronto 55 1920-1036.. _J&J 4%s 1923 J&J 4%s July 1 1924 J&J 4 s July 1 1925 J&J 4 s July 1 1948 J&J 4 s Jan 1 1949 J&J 43-s July 1 1953 J&J 4 s Jan 1 1955 4s t Imp July 1022.. .J&J 49 £ July 1 1948 J&J 3%s July 1 1944-'45__J&J

Vancouver, B C-5%% Tr's notes 1920 M&S 5%5 April 11939.. _.._A&O 4%s Nov 30 1924_ __M&N 4s St Imp Sept 9'22_ M&S9 4s St Imp Sept 9'27_M&S9 4s St Imp Sept 9'32_M&S9

VictoriaBC4%sJan21'24J&J Winnipeg, Man, 5s '44_A&O 805s June 1 1926 J&D b6%%5s Oct 1926 b6%%4s June 1 1934 b6%45 Aug 1 1946____F&A 15 b6%

GEORGIA4s 1922 J&J 4%5 ref 1935-1945 J&J 45 July 1 1926 33.s Jan 1921-1935 J&J

3535

90%70821021019019091

5

•___

7%95%

59

98%94%97%9492%89909091%9294

------

ces.)

0

6%%

7777

76.256.256.406.256.256.25

66q

6.406.406.406.406.406.407

6.506.506.506.406.406.406.256.406.406.256 256.25

3:1g16.4016.40;6.40,6.40;6.40;6.40'66

636.306.306.306.306.25,6.24'6.25,6.25'6.356.256.25

Albany-5s 1945 J&DAthens-5s 1922 M&N iga 4.75%4.75%Atlanta-4%s 1922 J&J b 4.80 4.704 s Jan 1 1940 J&J b 4.80 4.704 s Sewer 1921-'40 J&J b 4.80 4.70 04s Water May 31 '23_J&J b 4.80 4.70735s July 1 '31 & '33_ _J&J b 4.80 4.70

Augusta-5s 1921 M&N b 4.80 4.704%s Red May 1 '24_ M&N b 4.804.704%5 Flood Prot '42_M&N to 4.8 4.704s refunding 1934.... ASO' b 4.8 4.7033s April 1930 A&O b 4.8 4.70

Brunswick-5s Jan '21_ J&J 98 100Clarke Co 5s 1923-'41__J&J Columbus 5s 1920-'22_ _J&J b 4.804.70%5s W W 1920-1944_ _.Lir‘l b 4.804.70%4%s Refunding 1939_J&Jib 4.80 4.70%

Macon-5s July 1923_ __Q-JI b 4.80 4.7044s Oct 1926 Q-J b 4 804.704J.sWW 1920-'36_ _J &J b 4.80470 04s Pay & Sew '20to'39_J&J b 4. 80 4 .70%

Rome 4345 1926 J&J b 5% 4.804s Munic bldg '25-'39 A&O b 5% 4.80

Savannah-43.s ref '43_J&J 4 s Drainage 1944_ F&A 4 s refunding 1959__F&A

Spalding County-5s Dec 1 1923-1930__J&D

Valdosta 5s 1921-'42_ _Jan

IDAHO4%5 Cap Bldg '30-'39 __J&J43s May 1 '31 op '21.. __J&J4s Highway '35 op '25 J&J4 4s Highw '37 op '27_ _J&J4s Jan 1 1934 op 1924_ __J&JBlaine Co 5s Feb '22-'31_J&JBoise City 55 '22 op '12_J&JBoiseC'ySD5s'25op'15M& NShoshone County-5s 1920 to 1924 op '15_J&J

ILLINOISChicago 4s 1921 to 1924..J&J 45 World's Fair 1921_ _J&J 4s g 1921-1925 J&J 45 g Judg 1921 to '24 _J&J 45 g Gen Corp '22-'25_J&J 45 1921-1931 J&J 4s Ref Wat 1922-1935_J&J 4s Jan 1930 & 1931 _J&J 4s Jan 1937-1939 _J&J

6.60 So Park 4s '20 to '24.J&D 6.60 Lincoln Park 4s 1923_,T(ItJ 6.60 No W Pk 435 '21-34 J&J

W Chic Pk 4s '20-'31_J&J Chicago Sanitary District-4%s July 1 1923-1926_J&J 4s Dec 1 1920 to 1923_J&D 4s Sept 1920-1931 M&S

6% Cook Co-4s 1920-125.M&S 4s Ser K 1920-1931_J&D 4s Ser M 1020-1933 _J&D 4s Forest Pres '20-'34 A&O 3%s g 1921 to 1923__J&J

East St Louis-4%s ref Sept 1 '28 _Sept 1

Joliet-551920-1925_ M&S Moline 4%s 1920-'32_ J&J Peoria 4%s '20-'24__June 1 6 5%Rock Island 5s 1920-1023.Springfield 33-s ref '20 Sept

INDIANA (see foot note oloBooneCo4sCH 1920._ M&NCass County-

o4s Bridge 1920-33M& N15oCrawfordsv 4s 1920... __J&JoEvansville-4s Ref '32_J&J

04s Ref 1942 J&JoFloyd Co 4$ 1921-'30_ _J&JoFt Way-3%5Jan 18'20J&JoFt Wayne SD 4$ '20223A&O°Franklin Co 4$ '20-'30_J&DoHendricks Co-

45 C Fl Jan 15'23-'32J&J;15oHunt'tonCo 3 %s'20-'24 J&JIndianap-4s Mar 1 '24_J&J

45 Park Imp Jan 1 '27_J&Jo4s Fire Dept J'nel '41J&J03%5 Hospital 1936 J&Jo3M5 City Hall 1039.. J&J

oIndianap S D 45 '20-'26 J&J o_ _ .o4s Bldg Sept 1 1946_J&J 0 ___o3A8 July 1 1941 J&J

Jeffersonville-03%5 Refund 1925__M& N

°Knox Co-4s 1920 ___J&D°Kokomo 4s '21-'26-'31 M&S°Lafayette 4345'20op'15.I&DoLa Porte Co 55 '20228_J&DoLoganspt 3%s '26 op '16 J&J04%s Sch H '20-'37 J&D15

Marion Co-4s Ref '27_J& Do3%s Bridge 1924...... _J&J03%5 Refund 1925_ _ _J&D

Michigan City-o4s School 1920-24_J&J

oRichmond-4s 1927_ M&S o___oSt Jos Co 3%5 '22-'24_A&O03%s 1920-1926_ _ F&A

7 °South Bend-4s 1925_ _J&J6% SouthBendSchool District-7 o4s Apr 17 '20-'27___F&A7 Terre Haute--7 o4s Oct 1 '27 opt '17-A&O7 o4s Sewer 1930_ _F&A7 oTerre H SchC45'20-'31M&S

oVigoCo43Dec16'20-27J&Do4s Bridge 1923 J&J

0

000000

o_

o

4.75%

-----

-----

- - - - -

o.o____0..___.

0.....

Council Bluffs-4%s wat-wks '20-'30 M&N4%s Fire Eng H'se '21 J&J

-:... Council Bluffs School Dist-4s ref Ju1y2 '20 op '15_J&J

Crawford Co 5s '22-29_ M&NCushing 5s School 1939M&NDavenport 4s 1920-'29 M&NDavenportSD43.5 1921 J&D4s Sch Bldg 1925.__J&J

Des Moines is '20-'21 55 Municip 1920 1957 J&J44s 1920-1031 M&N

-- 4s City Hall 1920-26..J&J4:80 Des M Ind S D 4s '32_J&J

Dubuque Co 43is '21-'31J&J_ Fort Dodge-

5s Funding 1030 A&O___ Fremont Co 55 '20-'35_ _J&J

Greene Co 55 1920-25_ A&OJackson Co 5s 1920-30_A&O

___ Marshalltown Ind S D-4%s July 1922 J&J5s City Hall 1925-39.Mj&Nj

4.70 O'Brien Co 5s 1920-25_ F&A 4.70 Ottumwa 4%5 June 1936_ 4.70 Polk Co 4%s '22-'32 A&O 15

4s Court Erse '20-'24 A&O 4.80 55 Funding 1929-35.. _J&J 5 Waterloo-

4%s W W Jan 15 '30_J&J Woodbury Co 59 '25-'32_ J&J

KANSAS 4.65 Atchison Co- 4.65 4s Refund '29 op '14.. _J&J 4.65 Emporia- 4.65 43s Dec '29 op '19_ _F&A 4.65 EmporlaSD4%s'32op'22J&J 5 Ft Scott 4%s '35 op '10_ M&S 5 Galena- 5 5s W W 1920-1943___J&D b 4.904.80%

Hutchinson-5s 1031_ _A&O 5 43.s Pub Bldg'61op'31J&J

Kansas City-55 Feb 1 1920-1925_ _ F&A b 4.90 4 .7043is Wat&ElL '20-22 A&O b 4.00470

4.75 4 s Sch Bldg 1029.:_J&J1b 4.90 4.70 4.75 4 s Wat Plant Pur'39.T&J b 4.90 4.704.75 4%5 Refg Feb 1 '29_ F&A b 4,004.70

4.75 Leavenw-4%s '20-'21_J&J 4.75 Morris Co 4%s '20-'23__J&J 4.75 Sedgwick County- 4.75 5s Fund 1925 op 1915 J&J 4.75 4%s B'ge Oct '27op'17 J&J 4.75 Shawnee Co-45 1924_M&N 4.75 Topeka-4.75 5s Top Writ Sept '26.. ..J&J4.75 4%s Elec Light 1929_J&J4.75 4s Water April 1 '24_A&O

Topeka SD 4s Jan 1925_J&J4.75 Wichita-4.75 5s 1929 opt 1919 J&J4.75 4s 1923 A&O4.75 Wichita School District-4.75 4%s July 1 1923 J&J4.75 Wyandotte County-4.75 435 Bridge '32 to '41 F&A4.75

KENTUCKY4.80 Tax-exempt: an amendmen to th e Const4.75 lion of Kentucky passed at the Nov. 10 15 elec4.75 provides that all bonds of muni cipal c orporat

now issued or hereafter to be iss ued sh all be4.75

t

4.75 eBx ee rl CPO.-(is Ct H Dec 15 '38 J&D 15

4.50 Co4vinsgtvv vtr on-1920-1951_ J&J

4s Redemption 1922..F&A4 50 4s Water 1927 J&J4.60 45 Fundg 1952 op '42 F&A4.55 Fayette County-4.55 4%5 g Fund '21 to '21 J&J4.50 Frankfort 4%s'27opt'17 J&J4.55 Franklin Co 5s '20 to '24 J&J4.55 Harlan Co-4 50 5s Rd & Bldg '22-'40_ M&S

Lexington-45 Feb 1945 F&A

Lexington S D 45 1938. J&DLouisville-4 04F Hospital 1951_ _ M&S 98 100%4 School impt '54_ A&O 97 100m;

4s un Imp 1923_ J&J 06 97%45 do Dec 1 '28 Q-M 04j'4s

---4s Park 1930 .J&J 9445 Refg July 1 1937..

-

...T&J 964s Sewer 1947_ _F&A 954s Loulsv W Co 1-946-T&J 974s Louisv Wat Co '50 F&A 963

3s Sewer

g Refg 1940_ _M&N 82%3 s Refunding 1943_J&J 82335 ewer & Park 1941_J&J

McCracken County-55 Ref 1933 op 1913_ M&S5s Ref 1933 op 1923_ M&S

Owensboro-4s '31 op'11J&J4s Street 10:30 op '15_ _J&J

Paducah-45 Oct 1 1920_ A&O

LOUISIANAfis Port Comm'n '20-'54 A&O5s Port Cornrn'n '24-'59 JAr.T5s Port Comm '23-'55_J&D4%s Ref 1920-1964_ F&A4%5 Pt Comm '25-'57_ M&S

4 60 Atchafalaya Levee Dist-5s Ref 1949 op 1930_ M&S

Bossier District Levee-Os 1922 opt 1912_ M&N

Caddo District Levee-

Fifth District Levee- J&J5s 1951 op 1941

5s 1950 opt 1940 JJ1c.155 1952 opt 1942 5s Oct 15 1902 op '52 A&O55 Oct 15 l963__ A&O 15

Lafourche Basin Levee-55 Jan 1054 opt 1944_J&J

Lake Borgne Dist Levee-158 Dec 1952 opt 1942-T&D

b 5%4.80%

------

4.504.504.504.504.504 504 504.504 504 50

4.654.504.60.

41:863014.604.504.504.50

4.654.604 51)4 504 60

b 4.90 4.75b 4.90475b 4.90 4 75b 4.90 4.75

b 4.90,4.75%,b 4.90'4.75%

101%o 4.6 0o 4 60 100o_ 4 60

84 o 4 50 101%

rPO, o 4 50

6.41 iolytO 6g% -... INDIAN TERRITORY (See Oklab orns) 101U

IOWA iom,4.30 Boone 4%s 1920-31_ M&N 4.704.30 Burlington 4%s '20-'33M&N14.30 Cedar Rapids School Dist-

4.70 102% 105

4.30 4%5 June 1 1921____J&D 4 70 102%,b Basis. f Flat price. n Nominal. o Tax-exempt: under a law approved March 9 1903 and which went into effect April 23 1903, bonds issued

after that date by State or municipal corporations are tax-exempt, and these sell on a better basis. a Sale price.

55

4.704.604.704.604.704.70

4%434344.704.60

4.604.604.604.60

4.754.654.654.704.704.704.70

4.704.65

4.80'

4.804.80

4:go4.80

4.804.80

4.804.804.80

4.804.804.804.80

4.804.80

4.80

4.75

tionionsax-

5

4.804.804.80

4.80

97A9797%90%85q553.183

4.804.804.804.80

4.80

55555

•••


FEB., 1920.1 STATE AND MUNICIPAL BONDS 51

. Bonds Bid Ask.ToNet.

4.504.50

4.40

4.50

4.404.40

4.40 4.40 4.40 4.40

4.40 4.40

New Orleans-7egGS& DSJuly'22.7-Q58 TPremium J&J58 Premium (dr num)_J&J 4s Floating debt '48_A&04s Constitutional '42..J&J48 Public Impt 1950 opt1042 (old Issue)____j&J

4s Pub Imp '42 op '28 J&JOrleans Dist-58 July 1959 opt 1929_J&J

Plaquemine Parish E Bank-58 Oct 1952 opt 1942_A&O

Pontchartrain District-D Os 1944 M&N

Red River A & 13 B Dist-58 1950 Series B____A&O58 Mar 1953 op '43_ M&S58 1965 Ser D FAA

Shreveport-4%s WW&Sew'20-'54J&J

MAINE4s Sept 1 1920-1953___M&S 48 Highway 1920-1936_ M&S4s Apr '28-'31 tax ex...A&O Auburn-3%s 1025. J&J45 1935 &'40 tax ex'pt J&J

Bangor-4s Ref Water'35J&J48 Fund '20-'30 tax ex J&J

Bath 4s Ref 1941 tax ex J&DBiddeford 43 '20-'35..__M&NCumberland Co 3%s J'ne '21Gardiner Water District-

48 Jan 1034 J&JKennebec Water District-3%s g 1920& 1925_ M&N

Kittery Water District-5s Jan 1921 to 1938.. J&J

Lewiston-4s g Oct 1027 A&O

Portland-4s Aug 11020 tax ex_F&A48 C II 1926-'45 tax exA&O48 High Sch 1937 tax ex.._3%s g Ref July 1922__J&J

Portland Bridge District-33s July '20 to '39 M&S

Portland Water District-4s Funding 1928 J&D

Saco 4s Apr 1939 A&OWashington County-49 1928 opt 1923 J&J

Taterville-4s g July 1 19273%s Sept 1935 M&S

MARYLAND4%s Aug 15 1021-33_F&A1548 1020 to 1928 4s 1928 opt 1923 J&J48 Jan 1 1939 J&J4s 1920-1929 F&A4s Roads 1920-1930_ F&A3%s July 1920 opt 1914_J&J3%s Roads 1023 to 1928_Annapolis 4%s W W '42A&OBaltimore-43.s Mar 1 1920-55 M&S4 s Mar 1 1955._ M&S

101/338

80 90

8887%

102%

110

101% 101%101%

b 5%

• _____

92%

90% 94%019396%

89

05

99

93

92%92% 0295%

87%

9288%

0293%83

4.50b 4.50

105%345

90%

8989

4.90%

--- -

--- -

- -

------

------

------

-----

------

-

4.30%4.30%

4s Nov 11020 M&N 95 48 Water 1926 M&N45 Aug 11051 F&A

9591 92

48 Annex 1954 J&D 91 9248 Parks 1955 M&N 91 924s Mar 1 1001 M&S 01Y6 9248 Aug 1 1961 F&A 91% 9233-s July 1 1930 J&J 93%3 s Imp 1040 J&J 89 9033.s Mar 1945______M&S 88 ------3 s Refunding 1952_ _J&J 853 Sew'age Imp '80_A&O 80 823%s Jan 11927 J&J 80 90

Cumberl'd 4% WW '41 A&O48 Water 1923 F&A

------

Frederick-4s 1920 opt 1003 J&J

Hagerstown-5s water 1938-1987 ..A&O ------

MASSACH US ETTS4%s '20-'22 (tax ex.) M&N 9034 I 00%4s 1920-52 (tax-exmpt) Var 94% 96 343 s gold Nov 1923_ _M& N 05 06 343 s g July 11935 J&J 86% 8773 s 1956 reg (tax ex) J&J 83% 8633.s 1037 reg (tax ex) J&J 88 90%33s Water 1942 J&J

s g July 1944 M&S833482%

84%83%

38 April 11029 A&O 86% 87%3s g May 1029 _____ _ M&N 86% 883s Met Sewerage MO M&S 8034 8238 g July 1 1939 J&J 78 7913s g Water Jan 1 1941_ _J&J 77 788Arlington-4s Water '22 J&J 9734 9834Attleborough-4s 1024.J&J 9534 97 _ _3%s March 1935M&S 85 8634 ___

Beverly-48 Sewer 1020-30____A&O 03% 95

Boston-4%s Tun 1960 tax ex A&O 9134 9734 ___48 July 1936 J&J 90 93 ___4s Apr'20-'37(tax-ex) A&O4s 1920-1039 (tax-ex)_J&J45 Tunnel & Sub '48_J&I)

951:5874%sW

9634gr ,

______

4s Sub 1957 tax ex ___A&O 00 9234 :::48 Sub 1958 tax-ex _ J&J 90 92 ___48 Tun&Sub'59 tax ex J&J 90 92883)-is June 1 1923___J&I) 05 0694

___

3 s June 1 1924____J&I) 94 9534______

3 s June 1 1932 ...._J&D 87% 8934 __3s June 1 1034____J&D 86 88 ___3 s July 1 1935 J&J 8534 87343 s Juno 1 i943_ J&D 8194 8334 __.3!s June 1 1044__J&D 81 8334 _3 s July 1 1945 J&J 80% 833s Jan 1 1921 J&J 97

Brockton 4s May 1927 M&N 94 ------33,s Water 1932____M&N 8634 ------

Brookline-4s Water 1920 to 1923 J&J 9734 9834

Bonds Bid. Ask.ToNet.

Cambridge-3%8 Water May '25 M&N 93%38 Bridge 1941 F&A 75

Chelsea-4s Park 1936..A&O 90%Everett-4s Sew 1929_ M&S 9334Fall River-48 Municipal 1922.._ F&A 973%s Water Feb 1930_ F&A 89

Fitchburg 48 1922 A&O 9733.8 Water 1926 J&J 913-

Gardner-48 Water 1920-1934.M&N 94

Gloucester-31-48 Water '20 to '31_A&0

Haverh111-4s 1927__J&DHolyoke-4s gold 1927_J&J

31-48 Dec 1920-1932_ J&DLawrence 4s 1924 J&J45 Mar 1 1920-1922_ _ M&S

Leominster-4s g 1920_A&OLowell-48 Water 1920 M&NLynn-Is July 1927_ _ _ _J&J 943-i

33-48 April 1 1932____A&O 87Malden-4s 1924 M&N 9433-48 Water July 1 '24_J&J

Marlborough 4s July '26 J&JMedford-49 Feb 1930_ F&A 925s Apr 1 1920-'28 tax-expt 1003-i

Melrose 4s June 1924 J&D 95Methuen 4s 1928 F&A 933-iMiddlesex County-4s 1920 to 1924 J&D 96%

Milton 3348 1920 to '32 F&A 91New Bedford-4s Water Apr 1 1926_A&O 943-4s Sewer 1920-41 (tax-exempt) M&N 9334

33.8 1923 F&A 95Newburyport-

33-48 Water '20 to '34_J&D 903.Newton-48 Water Aug b935.. F&A33-48 Water Dec 1926_J&D

Northampton-33.8 g 1920-to 1926 J&J 9434

Quincy 4s Sep 3 '20-'22 M&S 97343%s April 20 to '39_ _A&O 89

Salem-4s 1920 J&D 9948 Jan 1 '32-'54 tax-exmpt 9134

Springfield-3 As School 1935 J&J 85343s Sewer 1930 J&D 84

Taunton-4s 1927 J&D 943%s Sewer Dec 1 '30_J&D 87

Wakefield-48 Water 1920-1933-A&O 94

Waltham-3%s July 1920 J&J 9834

Watertown-4s '20-134..J&J 94334s 1921 to 1929 J&J 93

Winchester-48 Sewer Dec 1 '20-'24J&D 96

Worcester-4s 1822_ A&O 074s Jan '23 (tax-exmpt) J&J 97'334s April 1 1922_ _A&O 9534

MEXICOSee Foreign Gov'ts page 49.

MICHIGAN (See foot note o)Alger Co-5s Road '22_ F&A Ann Arbor School District-48 Sept 1935 A&O

Battle Creek-4s City Hall 1927-'36 F&A

Bay City-5s 1920 M&S 4s 1034 J&J'

Bay Co--o4s Ref Dec 15 1923_J&D

Bessemer- I

------

------

------

------

92 ------94% ------94% ------91%95 98 99%94% ------98

9334 ------94% -----

------

------

------

------

------

90% ------90% ------

------------------

------

------

------

Bonds Bid. Ask.

Duluth-55 g Water & 1.4 1926_J&J 4345 g July 1 1926_ _J&J 4s g Water & Lt '28__A&O 48 Water St Lt 1936_ _A&O

Duluth Ind School Dist-58 May 1 1923 M&N43-48 Feb 1 '40 op '30_ F&A 45 1934 opt 1924 _,..A&O

Hennepin County-43-48 Ct H Apr 1924_A&O

KoochichingCo 5s'21-'33J&J b 5V 4.80534s Ditch 1921-1935_J&J b53j 0 5

Minneapolis-4%s Impt 1920-1920_J&J b 4.804.70%4348 1921-1925 J&D b 4.804.70%484s 1026-1935 b 4.804.70%434s g July 1920 J&J b 4.804.7043-4s Mar 1920-'37_ M&S b 4.80 4 70%4%s School 1941 b 4.804 7074s School Jan 1927___J&J b 4.80,4 7045 May 1 1927 M&N b 4.80,4 7045 School Jan 1 1935_ _J&J b 4.80,4 704s Improvement 1937 J&J b 4.80,4 7045 Improvement 1942 J&D b 4.80,4 704s 1944 A&O b 4.80,4 703348 School Jan 1 '29_J&J b 4.80i4 703%s Water Wks '32J&J b 4.80'4 70

Ramsey County-334s May 6 1921_M&N

Red Lake Co-5%s '20 A&O St Louis Co 5s 1923-29_J&J St Paul-58 Refg July 2 '22-'31 J&J b 4.80 4 70%

43.48 July 1935 J&J b 4.804.70434s Park June 1 '43_J&D b 4.804 7043.48 Sewer July 1 '43_J&J b 4.804 70434s Water Aug 1 '43 F&A b 4.804 70434s Ref J'ly 2 '22-'31 J&J b 4.804 7043/s Nov 1 1931 b 4,804.7048 Ref Mar 1 1939_ M&S b 4.804 704s Sew'age July 1 '39_J&J b 4.804 .704s Mar 1 1940 M&S b 4.80 4 . 7033.48 Apr 30 1922_ __M&N b 4.804.70

S'th St Paul 53is ref '33 J&J ------

MISSISSIPPI534s Apr 1929-1934AM

43481920-1934 4Ye July 1 1921-1935 J&J494s July 11036 J&J

334s Refund Jan 1 1927_J&J 3348 State 1934 op '14J&J Greenville-

5s Refund Sept 1927_ M&SJackson 534s July 1 '33_J&J

58 Water Aug 1 1928_F&A55 Water 1930 F&A

Meridian-6s May '24 jd'apy5s June 1 1932

58 Dec 1 1939 ----- J&D43411 Sch House 1941_J&J

Mississippi Levee Dist-53 May 2 1944 M&N53 July 1 1953 J&J4%s Sept 1934 M&S

Vicksburg-5s St Impt 1920-'32_ _F&A434s Sewer Dec 1 '28_Dec

Yazoo-Miss Delta Levee Dist6s 1947 option 1917.. J&J b 5 20

4.70 58 1924-1954 M&N b 5 20434s July 1949 J&J b 5 20

4.70 4s1952 option 1922J&J b 5.20MISSOURI

4.70 33-4s Cap Blg '20-'25 op_J&JKansas City-

4.70 41-is Sept 1 1930_ _M&S4.70 43.s Mar 1 1933____M&S

4s Market House '24_J&J4.70 48 Water 1924 J&J

4s Park & I3oul 1924_ _J&J4s Sept 1 1930 M&S

Kansas City School Dist-434s July 1 1933 J&J4s July 1 1927 J&J48 July 1 1930 J&J48 Bldg 1932 J&J334s Jan 1923 J&J334s July 1925 J&J

- Lafayette Co 334s 1921_J&J--- Little River Drainage Dist-::: 5%8 Oct 1920-1933 __A&O

Pt h

4s 1923

--Pettis County-4 10189e2p0.opt 1908_ MANA

4.70 s

4.70 48 1924 M&S4.75 48 1926 M&N4.75 St Joseph School District-4.75 4348 1925, 1930 & 1935_4.75 St 4L3oi us

iBsrige-Compl '35 A&O 974.70 45 Insane Asy'm '28_A&O 064.70 4s Public Empt 1028.. J&J 964.70 48 Public Bldg 1929 _A&O 06

4.70 48 School 1937 4.70 4s School 1938

48 IV %V Renew 131_1 R

4.70 3.05s Ren June 25 '27 J&D 9434334s April 1 1925. A&O 92%

4.70 3%s g Apr 1 1922_A&OSpringfield 5s '32 op '17 J&D .

------

------

------------

534s 1920-1949 FdtAb 5.10 5%

4%s Road 1920-'26__A&Olb 4.804.60%Calhoun Co-4s

Pub Lib 1948 J&J15 b 4.70 4.55o4s Aug 15 '20-'28_F&A15'b 4.70 4.554s Sewers Apr 1 '22__A&Ob 4.70 4.55o4s Mar 1 1944 M&Sb 4,704.55o4s School 1946 M&Nb 4.704,55330 Park 1930 M&Sb 4.70 4.55

°Escanaba 434s 1920-30 J&J; °Flint 43-48 1920-'39___F&Ab 4.80 4.70%Grand Rapids I43.48 Flood Protec '33 M&S

4s Water Nov 15 '29_M&N Highland Park 5s 1928_ _J&J; 0430 Sept 15 1934M&S

Holland-4s Ref '20-'23_ Feb Kalamazoo-o 434s Sewer 1& Imp 1920-'25 J&J, -

Lansing-5s 1920 to '23 J&D 4s Water 1920J&J, I

Marquette 33-4s 1926___J&J1 Muskegon- -Ss Water 1920-'25___J&JI 4348 W-W 1921-'44__J&J 43 May 1 1934 M&N

Muekegon School District-5s 1942 _July

Muskegon County-434s Jan 1 1932 J&J

Pontiac-W Imp '31-'47M& b 5%

Port Huron-49 Jan 1 1932 J& 334s Park July 1 '20 _J&J

Saginaw-43-48 Wat May 1 '25_ M&N 33.s Wat Mar 10 '20 M&S

Sault Ste Marie-434s Bridge July 1 '20 J&J 48 gold July 1 1932___J&J

Wyandotte-434s 1934_J&DMINNESOTA

AltkenCo434sDec'20-'24 Aug Beltrami Co 4348 '20-'24J&D -534s Ditch 1923-31. J&D

Brainerd-58 Nov 1920-1929 Cass Co-5s CL Else '22 A&O

------

------

b 5%4.75b 5%4.75b 5%4.75b 5 o 4 75b 5%4.75b 5%'4.75

b5.10 5b5.10 5b5.10 5b5.10 5b5.10 5b5.10 5b5.10 5b5.10 5

5%5%5555%

ToNet.

4.804.804.804.80

4.804.804.80

4.75

4.75

4.80

4.70

4.704.70

4.704.70

4.704.704.70

b 5.10b 5.10

97%9796969794

97959392959398

97969696

98%

99979797

102

969698%_

96-----

5%

4.80

MONTANABillings 5s 1934 op '29_ _J&J ------5Butte-5s Funding 1922-1936 J&J 5

Butte School Dist No 1-434s 1924 opt 1914___J&J 5

Cascade Co 4s '21 op '11 J&J 5Custer Co 6s '25 op '15_J&J 5Great Falls-5348 Sewer 1935to'39.J&J 54s 1023 option 1914 _J&J 5

Great Falls Sch Dist No 1- 54s 1925 option 1915.. M&S 5

Helena 5s 1931 opt 1916 J&J 5Helena S D No 1 434s '22J&J 5Kalispell 5s 1933 J&J 5Lincoln Co 58 '32 op '27_J&J5s Fund Mar '31 op '21J&J._ 5_

b Basis I Flat price. a Nominal. o Tax-exempt; under a law approved May 13 1909, and which went into effect Sept -1 1909. bonds issued

after that date by municipal corporations are tax-exempt and these, accordinglY, sell on a better basis.


-52 STATE AND MUNICIPAL BONDS [VOL. 110.

Bonds. Bid.To

Ask. Net. Bonds.

Missoula 4jis '24 op '14 J&JMissoula County.-4s Ref 1921 opt 1911_ F&A

Phillips Co--58 Ref Dec 1935 op '33JdcJ

Yellowstone County-58 Ref 1920 op 1908 _J&J

NEBRASKADouglas Co-4s '20-'28 A&O3%s 1922 J&J

Grand Isl 430 '25 op '10.I&JLincoln-4Y2sRef'20to'29op'20F&A48 Ref 1920 op 1909_M&S

Lincoln School District-4%8 1924 opt 1909__MAN

Omaha 43is 1920-21._ Mar43.s Renewal 1924 J&J43.s Mar 1 1932____M&S4 s Refunding 1934_JSrJ4s W W Dec 15 '41_J&J

Omaha S D 43.s 1928J&J43.s July 1931 J&J58 1948_ __ J&D

So Omaha 4-3is'24 op'09 JASouthOmahaSD-58 '23 J&J5s Dec 1929 J&D

NEVADAReno-58 1924 op 1909_J&JWashoeCoSD58'20to'29MAS

NEW HAMPSHIRE3%s Hospital 1920-'25 J&J Berlin-48 Ref 1920-35 MAN Concord-48 1923 J&J 92% ,3%9 1924 to 1929___ ..J&J b 4.75

Dover 3%s '28-'31 JAD 88Laconia-48 1924 A&O 95Nashua-3s 1923 Adr0 92%Pembroke 48 '24-'34_ FAA 92Portsmouth 4s g Sch '23J&D 9534s Ref Water 1932____J&J 92

Rochester-4s 1922_ _J&D 963NEW JERSEY

Asbury Park-5s 1924_J&D 43js School Jan 1943_15a

Atlantic City-5s 1925_JAD 43s g Water 1926___J&J 4 s Water 1945 J&J 4 s Paving 1938____J&J 43.s Water 1944 J&J 4 s Jan 1 1045 - J&J 4s Water 1930 J&J

Atlantic Highlands-48g Sewer July 1 1928 J&J

Bayonne-58 Fund 1928 Jdr.l 5s Water 1920-1943_JAD 58 Jan 1 1921-1949___J&J

4tFuns Jan 1 1933_ _ _J&J ding 1931___JAD

448 Floating Debt 1928J&J

Belleville-5s Fund1924-1934-1944...MAN

43,0 Funding 1945 Belleville SD 58 '27-44 MAN Bergen Co 58 Dec 1 '19_JAD

15s Dec 1944 J&D 58 Dec 15 1920-1955J& D15 4 is3 1920-1939 A&O 43.s Aug 1920-1938_F&A 40 ridge '20 to '24_ _F&A 48 Court Hoe '20-'38_A&O

Bloomfield 58 '20-'23_ _ MAN Camden-4%s Wat '23_J&J 4s Dock 1930 A&O 4s School 1943_ _ _40 aving 1929_____ MAN

Camden Co 4%s 1933 .F&A 48 1944 J&J

Cape May-58 1934..__JAD 43-is School 1920-51_ M&S 430 1920-1952 M&S

East Orange 4%s'25-45 F&A 48 1934 A&O 40 Water 1933 J&D 3%s Water 1933.. A&O

Elizabeth 4%s 1953_ __ A&O 4%s Sch Jan 1 1955__J&J 48 1922 op J&J

Englewood-4s Sep '35 M&S Essex Co43-s Road '53_F&A b 4.70 4.55

434s Hospital '20-'49.F&A b 4.70 4.55%4s L'd Purch '21-'46 Jdzilb 4.70 4.55 0

4/4s Road '20-'36___F&A b 4.704.55%4s 1926 F&Ab 4.704. 55%4s g Park 1938 FAA b 4.704 . 5548 Hospital 1946_ _ F&A b 4.704.553.658 Park '20 to '35_ F&A b 4.704.55 0

Fairview-5s 1944 Gloucester Co43-s'20-'26 varHackensack-43s 1942F& AFlarrison-4s 1930 J&JHoboken-4%s 1940 J&J330 1931 MAN58 School 1921-1954 .J&J

Hudson Co-4%s 1948.A&O43s Road 1923 J&J43s May 1 1950_ ...MAN4s g Park 1959& '54_ MAN4s County Bldgs '46_F&A4s gold Ref 1935-----33s Bridge 1920___A&O

(rvington 50 School '63_J&DJersey City-5s gold assess 1924_ _ IVIScN5s Water June 1 '21_JAD4s School 1920-58_JAD43is Refunding 1928_J&J45.s School 1945 J&J4%s Water 1061_ _ __A&O4s Sch Mar 1961_ _ M&S 4%s Park Mar 196L M&S 4s Water 1932 A&O4s 1935 J&D 48 Refunding 1949_ __F&A 33. Refunding 1920_J&D

Kearny 4s 1936 F&A 4s April 1962 A&O

Lodi-58 1921-1947_ __ _J&J

------

------

------------

4.854.854.70,4.704.70

014.70,4.70'4.704.704.70

54.704.704.704.704.704.70

4.904.904.654.654.654.654.654.654.654.6554.604.604.604.604.604.605554.654.654.654.654.654.654.655

54.704.704.90

4.654.654.654.654.654.654.654.654.654.65

4.654.654.654.654.654.654.654.654.654.654.654.65555

Bid. Ask.ToNet.

5 Long Branch 53 1943._ MAN 45 June 1 1935 J&D

5 Lyndhurst-5s Sewer 1920-1957__J&J b 5%

5 Mercer Co-4%s 1933 _J&J4s Road 1933 JAI)

5 33is April 1941 A&OMiddlesex Co 43.0'24-'34.1,U 4%s Fund July 1020-1039_

4.75 43s Imp 1920-'32_ _A&O4.75 33,s Bridge '22 to '31_J&J4.75 Montclair 4%s Sch '41_A&()

4%s H Sch Bldg '44_JAD 4.75 3%s School 1932 J&J 4.75 Mords Co-4s '35 op '05J&J

4%s 1942 opt 1922_ _ _JAJ 4.75 Morristown 4%s '20-42 J&D 4.75 Newark-4%s 1944_ F&A b4.75 5s 1920-1958 J&J b4.75 58 Street 1920-1944 _J&J b4.75 4%s Dock 1959 F&A b4.75 4%s June 1 1960 4.75 44s Sch Dec 1 '45_ J AD b4.75 4s Refunding 1923_ __ !WAS b4.75 4s Sch House 1959 op1949 b4.75 48 PasValSew'61op'51JSrD4.75 3%s 1929 J&D,b4.75 3%s Track Elev '54_F&A'b

Yallsburg 43.s 1934 J&J bNew Brunswick 4s '22_ MAN

5.25 43ts Aug 1 1920-57_ F&A 5.25 North Bergen 58 1941_ _JAD

No Plainfield 58 1920-1954 Nutley 5s 1933 J&D

Ocean City-5s 1944_ F&A Orange-5s 1923 to '32_J&J 5s Water 1938 F&A 43.s Sewer '20 to '21_A&O 43.s School 1943_ _J&D 4s Sch House 1934 _JAI)

-:- Passaic 4%s 1920-'40_1MS 55 Imp '20-'48 MAN 4%s School 1942 J&J 43s Ref 1944 MAN 330 1920 F&A

Passaic Co-4s '20-'24 _J&J Paterson-5s 1920-'22_ A&O 4%8 1933 to 1944_ MAN 4%s Feb 1 1945_ FAA 4s N C Hall '23 to '32 J&J

Perth Amboy 43is Apr 1944.. 43is School 1938 43is Funding '20-'27_A&O

Plainfield-4s'20 to '34_JAD 4s School 1959 MAN

Rahway-4s Adf22 op MAN Ramsey 58 Water 1921-'40 Ridgefield 5s*July '20-'31J&J Ridgewood 58 1920-'26_F&A Riverside 58 1925-'32.. Adt0 Sea Isle City 5s 1943_ _F&A So Orange-4s'20 to '44_J&J Summit 4% Sch 1941_ _F&A 4s1033 MAN

Trenton 430 May '24 MAN 43{s Water 1943_ AJr0 4s Fund 1934 A&O 4s City Hall 1939. ....J&D 8%s Sch Nov 1 1029 MAN

Union Co 4%s 1937_ M&S 430 1942 M&S 4s Oct 1 1942 Adr0

Vailsburg-See Newark.Weehawken-4%8Fd'20.F&A 4s Funding 1920-28.J&D

Westfield-58 June 15 '20-'60 ..J&D

West New York 58 'a& M&S Wlldwood-4%s Sew 1920-1957 FAA

NEW MEXICO4,s ref 1953 op 1933_ _J•dr..1 4 s Dec 16 '52 op '22_ _J&D 4s Ref June '33 op '23_MAS 4s Bldg 1929 op 1919_ RISEN 45 Fund 1939 op 1919 M&S 4s Highway 1921-1944_ _J&J Albuquerque 43-is '21L.. M&S 1005s W W Dec 1962 100

Bernalillo Co 68' 22op'12J&J 1005s 1931 op 1921 100

SocorroCo5s '41 op '21.A&O 100

NEW YORK4%s Highway 1963 ......M&S 1074 s Canal 1964 J&J 43(a Canal 1965 J&J 1014s Highway 1965.... MILS 101

43(s Barge Canal 1945_ JSrJ 1014s Canal Term 1942..__ J&J 994$ Canal Term Jan 1946_J&J 9948 g High Imp Mar '58_ M&S 9845 g High Imp Sep '58_M&S 984s High Imp Mar 1960_ M&S 984s Canal Imp July 1960_J&J 984s Canal Imp Jan 1061_J&J 9845 Canal Imp July 1961_J&J 9845 Highw Imp Mar '61_ MILS 9845 Palisade Park 1961_ M&S 983(4$ Canal Jan 1962 J&J 9848 Highw Imp Mar '62_ (WAS 984s Canal Imp Jan 1967.J&J 994s Highw Imp Mar '67_ M&S 993-i4s Palisades Park 1967_ M&S 9933s gold Jan 1 1923 J&J 913s g Jan 1 1956 J&J 913s g July 1 1968 J&J 913$ g Canal Jan 1 1959_ J&J 91Albany-4%s June 1 '20-128_ _JAI) b 4.6043.s Water 1920-34_M&N b 4.60430 Oct 1003 A&O b 4.6043.1a Water 1932._ MAN b 4.6043.0 1920-1954 J&D b 4.604s Park 1920 to '30_ _ MAN b 4.604s High Sch 1920-31_ F&A b 4.603%s Pub Imp '20-'34 F&A b 4.60

Albany Co-33,0'20-25 FAA b 4.60%3s Aug 1 1925_ F&A b 4.60430 1936-1937-1938_ MAN b 4.60

4.90%

------

4.754.554.754.554.7., 4.554.75 4.554.754.554.754.554.754.554.754.554.75 4.554.754.554.754.554.75 4.55 0

------

4.604.604.604.604.604.60

-----

-----

107%109%103103102%

- ioo -----------

------------

------

993(

-l003(100%

4.40%4.40%4.404.404.404.40 04.40%4.40%4.404.40 04.40%

Bonds. Bid. Ask.T

Net.5 NEW YORK (Concluded)5 Amsterdam 5s Wat _1920-37

Aubuin-4s Dec6'20-31JA to-4s Water May'20-'25 MAN4.60 4%s 1925-1934 4.60 Binghamton 4s '28&'29_F&A4.60 48 Sew Disp '22-'36_ F&A4,65 43s Park 1920-'37._ .J&J4.65 3%s Bridge 1935 ..F&A4.65 Brooklyn-d-6s 1924.. J&J4.65 48 Bridge 1926 J&J4% 4s School 1921 J&J43 3%s g 1921 to 1937_ _ _J&J4% 33 g g July 10 1925_ J&J45% 3 s gold 1927 J&J49/i 3 s g July 10 1934 J&J4.70 3%s gold 1936 J&J

3s Bridge 1925 J&J___ Broome County-

5s Hospital 1920-33_ _ M&S13uffalo-7s 1924 & 1925 J&J6s Parks Jan 1 1924_ _J&J4%s Nov 15 1933_ __MAN4 AsSchNov15'20-33MAN43isJune 15 1944_JAD 154j,s June 15 1964.J&D 154 s 1920-1968 J&D43(s Feb 15'62 op'32_F&A48 School Aug 1 1929_F&A

05 45 Serial 1920 to '29...FAA4.75 4s June 15 1920-'30_ _JAI)4.85 4s June 15 1960 J&D4.85 33.s Park Reg 1927._ FAA4.85 33s Water 1920-35_M&S5 Elmira-4s 1935 M&S45% 43s Water 1920-'45_A&O4% 4 s Apr 1 1933-1935_4% 34s Redemp '20 to '21J&J43' Erie o43(s'20-36tax-exJ&J45% dFarRockaway 58 '20-'21J&J45% Franklin Co 43.s'31-'40 M&S45% Fulton-3.408'20 to '29 J&D4% Geneva-4s Water '26_A&O43/i Glens Falls-43.s ref sewer45/s Aug 31 1920-1928_ _F&A43/i Haverstraw4.12s'20-137MAS4.65 Hempstead-d-4s g 1923..J&J 4.65 Herkimer-43.0'20-'27MAN 4.65 Hornersville-3%s '21_ Fdr A 4.65 Hudson-4s Wat 20-'22 July 4.75 434s High Sch '25-'32 Act° 4.75 Irvington 4.10$ '20-'36_A&O 4.75 Ithaca 4.30s '27 op var_J&J 4.65 45.s Ref Water 1942.. _J&J 4.65 Jamest'n 4s Mar 20 '43_ A&O 5 Johnstown 4s Dec '23-'37 5 dKings Co 48 May 1 '20-'44 5 Kingston 3%s g '20-'38_ A&O 5 43.s 1920-1925 A&O 5 Long Island City-d5 43s 1920 to 1923_ ...M&S 5 4s ater Sep 1 1020_MAN 5 3%s Wat May 1 '20.. MAN 5 Madison Co 4%s'20-129Feb14.60 Middleport 4.35s'20-'42J&D4.60 4.35s sewer '20-'39 _MD4.60 Middletown-3%s '31_ FAA4.60 Mt Vernon 4%8'31-'43_1W)4.60 ois Sch 1962-'73_ MAN4.60 4s Sewerage '50-'55_ MAN4.60 58 Jan 2 1921-1928 _J&J 24.60 Ss Jan 2 1938 J&J 2

Nassau 420-4%s '20-'29.I&J4.70 4 s Ref 1922-'28 MAS4.70 43(8 1938-1943 J&D

3s Court House'30 M&S5 Newburgh 430 '20-'34 F&A5 NewRochelle4Ms'20-22MAN

43(8 Muu Imp '20-35M&N5 48 1920-1930 M&N

nis 1920 to 1933_ _J&DNew York City-4s June 1905 J&D4 s June '20-'30.... J&D

s 1063 M&S4 s (old) May 1957_ MAN43.s (new) Nov '57_MAN4s Corp stock 1967_J&J4 i.4s Corp atock'20-'32J&J4 s 1960 opt 1930.... M&S437s 1960.... M&S43,s Mar 1 1962._ M&S43(s Mar 1 1964 M&S4%s April 1 1966.. A&O48 Various 1936__ __MAN4s Nov 1955 MAN4s Various 1956_ _ _ _MA N4s Various May '57_ MAN49 Nov 1958 MAN4s May 1959 MAN33.s Exempt 1022_ _MAN36s Bklyn M Sow127 J&J3 s D'k 1927 Ex_MAN33.sg Exempt 1041_MAN3 s Exempt 1042...MAN3 s R T 1948-1950_ Mar N3 sg Exempt 1052_MAN3 s g Exempt 1053.MA N3 s g Exempt 1954_ MAN3 sg Water Ex '54_MAN33.s Exempt 1055_ MAN3%s Stk April 1 '54.. A&()33s Nov 1 1929 MAN3.30s Co 1921 Ex ____J&J3s g Dock 1924 Ex_ _MA Nas g It T 1950 Exem_MAN

Niagara Falls-4s Nov 10214.10% Sewer 1935-40_ J&J4 s School 1921-26_ _ F&A4 4sWatM'y1141-48MAN4%sRepav'29-33 regMAN4 Yis Sew'39-'46reg_ _ MAN3%s 1942-1945 MAN

North Tonawanda 40'24A&O43is 1920-1925 JAW

Oneida Co-33s '20-'28 F&AOnondaga Co 3s '20-'20_J&J43is 1921-20 J&J

1 Orange Co 33s '20-'24_ FeblOssining-43s '20-'42_M&S

is 4.60 4.40b 4.60440is 4.604.40b 4.60 4. 40b 4.60 4. 40is 4.60 4.40is 4.604.40is 4.6014.40b 4.65 4.55b 4654.55, is 4.65;4.55is 4.65'4.55b 4.6514.55b 4.65455b 'L654.55is 4.664 .55°is 4.6514.55

is 4.5514.40%b 4 . 5514 .400is 4.55,4.40b 4.55:4.40°is 4.55,14 .40b 4.564 .407is 4.554.40b 4.55,14 .40is 4 .564 .40is 4.55:1.40eis 4.5&L40b 4 .55'4 .4040

,

b 4 .55,14 .407b 4 .564 .40is 4 .564.40 Job 4704.45"b 4.70,14.45is 4.704.45is 4. 70 4. 45

is 4.504.40%b 4.504.40°b 4.504.40b 4.504.40

0

4.404.604.404.504.50

4.404.504.504.504.504.504.504.504.504.504.504.504.504.504.50

4.504.504.504.454.504.504.504.504.504.504.504.50

__4.504.504.604.504.50 •

09 100is 4.054.45%99 993(___99 99%99 99%09

b 4.654.45%93% 963(93 9493 9493 96%93 973.

92923.92

88 9288 90%88 90

is 4.65,4.45b 4.05'4.45b 4.65!4.45is 4.704.45b 4.70 4 . 45b 4.704.45b 4.764.45is 4.704.45 o82 83% 82 8182 83%

is 4.704.45Vb 4.704.50°b 4.764.50is 4.704.50is 4.70,4.50b 4.704.50b 4. 7()14 . 50is 4.704.50is 4.704.50is 4.704./0is 4.704./0

4-.(36- - 4.60

. - 4.40is 4.604.40b 4.60 4.404,is 4.604.40%

4.50b Basis. 6 ,Now part of New York City. /Flat price. n Nominal


FEB., 1920.] STATE AND MUNICIPAL BONDS 53

Bonds. Bid. Ash

Oswego 434s 1920-29_ M&N 3Ms 1920-22. A&O

Penn Yan 4.355'20 to 310ot Po'keepsie 434s 1922... F&A 3348 1920 to 1930___M&S

Putnam Co 434s '20. 29 F&A Queens Co-45 1927_ J&D_ Richmond Co-445 g' 21 J&J Rochester-434s FdgApr '44 b 4.55 4.407

15 1933 J&J b 4.55 4.40t5_M&S b 4.55 4.40

4348 Pub Imp no-48F&A b 4.55 4.40%s School 1921-45_ _J&.I b 4.55 4.40

4548 1921-1936 J&J b 4.55 4.4048 1922 to 1927 J&J b 4.55 4.404s Imp Sch Ace '21-'47_J&J b 4.55 4.4048 Jan 1046 J&J b 4.554,4048 W W Imp 1947._ _J&J b 4.55 4.403348 Imp July 1 1924.J&J b 4.55 4.40334s Ref 1933 opt '13.J&J b 4.55 4.40

334s Bridge Sept 1 '21.J&J b 4.55 4.40gekland Co-45'20-34 M&S 334s Fund '20 to '24_J&D

Rome 434o_ Sept 15 '31_ _J&J Rye-So Mar 10 '20-38_ M&S 8aranacLake434s'20-26 M&S

4.455FirelIouse '20-'39J&J Saratoga Springs-4348 Park 19'20-40. ....A&O

Scarsdale 434s '20-'45_ _J&D b 4.004.50%

Schenectady 5s '20-'33__J&J b 4.60 4.50

4 s 1920-1931_A&O b 4.004,50

4348 Pub Mkt'20-'30 A&O b 4.00 4.50J&J b 4 00 4.504 8 1920-1934 Schenec Co 4340 '42-158_J&J

_

Solvay 4348 1920-40_ __F&A b 4.60 4-.50%0Suffolk Co 434s '24-'32_ _J&J

4348 Oct '20-'39._ _-A&O Syracuse-48 Wat 1920_J&J 4M5_1920-35 Various 58 May 15 1920-1938 48 Refunding 1929_ _J& D

45 Water July 1 1920_J&J 33.4s Water 1028 J&J 35 Water July 1 1920_J&J

!Yoga Co 55 1920-30_ M&S b 4.554.40%Tonawanda 434s '21-142_J&J

Tro -41i 1920-1925_ _J& D b 4.004.50%kv4 s Sc ool 1920-31_ _F&A b 4.004.50%

4 s Feb 15 1920-1957_ b 4.004.50%

48 ater 1920-1925__J&D b 4.004.50%

48 Sept 1 1926 b 4 . 60 4 . 50334s Water 1920-30_ _J&J b 4.00 4.50%

Utica-4%s 1920-35_ _ M&N 3348 Nov 11020 to '35 Nov

Warsaw Union Fr S D No 10

4348 1920-1942 Oct

Watertown 4348 1942_ _ _J&J

4s May 1 1938_ M&N

334s Sewer '20 to '27 M&N

West Seneca 55 '20-'38_A&O Weetch'rCo334s'27&'28J&D b 4.50

5s June 1 1029-54___J&D b 4.50

4iParkway1962-86J&D b 4.50434g Co Bldg 1927-44.A&O 0 4.50

45 o Bldg 1920-59_ _ M&S b 4.50

Is 1930 to 1935_ _ _ _ F&A 13 4.50

4348 San Sew '33-'82_J&J b 4.50

White Plains-4s '20-'28 F&A 334s Water 1931_ _ _ _A&O 434s Fund '21 & '22_ _MD

5s Refunding 1922_ ..A&O Wolcott434s•Ily 15'20-42 .J&JYonkers-4s '20 to '25_ M&S b 4.60 4.45

4s Water '20 to '22__A&O b 4.00 4.45454s Mar 1 '27-'56__A&O b 4.60 4.45334s May '20 to '24_ _F&A b 4 .110 4.455s April 1 1923-27 b 4.1)04.4S%5s 1920-1938 A&O b 4.004.45%

NORTH CAROLINA48%s Refund 1921 M&S 9 109?M 100045 Refunding 1950 49 Building 1951 .J&J 97

Albeinarle 65 1920-38._ F&A Asheville 5s Ref 1941._ ...I&J 58 School 1943 J&J.

554s 1920-1957 J&J 51's Street 1920-36_ &A 4s April 1022 A&O BuncombeCo5s120240J&D 4s Funding 1939_ M&S 68 Bridge 1928-37_ _ _A&O

Charlotte-58St&Sew'29..J&J 55 School 1920-46... _ _ F&A 4349 Water Mar 1035_J&J

434s Water Oct 1 '41_ A&O 434s School Oct 1 '41_J&J 4115 July 1 1942_ _ __J&J

Durham-4 MsSew&Lt.'41J&I 4%s Fund 1921 to 194055 Water 1921 to 1945.J&J 55 Fd & Sewer '20-'39 F&A

Granville Co-4148 '39 M&N b 570 4.85%

Greensboro-58 W W '30 J&J58 Aug 1 1942 W___ _ _F&A45 Water-Works 1954_J&J

Greenville 55 W W '58_F&A65 Water July 1920-24J&J

Iredell Co 55 Aug 1 '42_ F&ALee Co 58 Road 1952._ M&NLincoln Co 55 1043& '48 J&J58 Bridge 1937-1951_ F&A

Mecklenburg Co-65120.M&Ntts Fund 1020-1936_ _ M&N454s 1943-1947 M&S

Pitt Co 55 Fund June'59 J&JRaleigh Os 1921 J&J581927 A&O58 Munic Bldg 1939__J&J58 Water Wks 1943_ _J&D58 Impt June 1 1944_J&D

Rutherford Co 55 '23-'52 J&JSurrey Co 08 May 1933-58_Wake Co 55 Fund '48_ __J&JWeldon 68 Jan 1924-1942..Wilmington-58 F'd '22_J&J58 ref & Impt 1955._ A&O434sg Wat & Sew '48 A&O4348 Wat & Sew 1052.J&J48 g Ref July 1 1029 J&J

0

0

4.404.40 04.40%4.404.404.404.40

4.504.504.504.504.504.504.504.50

47.864.504.504.504.504.50

4.55

4.45

47564.504.404.404.404.404.404.404.40

4.50

4.404.40

4.504.504.504.504.60

4.504.504.504.504.60

5.50555555554.904.004.904.904.904.904.904.904.904.00

4-.554.904.9055555.255.255

55

5554.005%55.10555ts.5

Bonds Bid. AshToNet.

Winston-Salem-55 '24 M&S58 gen impt 1944 J&J58 Sept 1920-1947 M&S434s July 1 1942 J&J434o July 11052 J&JNORTH DAKOTA

4s Fund'g Mar 20 '21_ M&NGrand Forks 55 May '24-38Renville Co 65 March 1922Ward Co 434s July 1925.J&JOHIO (See foot-note *)

'Akron-So 1923 M&S*55 1920-'24 & '28____Var4155 Water 1920-1953_A&O

*4 WWDec31'20 37J-D3I*5T w W 1924_ M&S

4o WW 1942 A&OAlliance 4345 1927-32 _MDAshland Co-4,15345 BridgeOct 15 '20-Oct 1 '23_A&O

Butler Co 4345 '21 & '24_J&J704349F1-Emer'21-31 M&N

Cambridge-434o'21-'34 J&J45 1923 J&J*55 Sewer 1953 M&S'5s Sewer 1931-37_ _M&SCanton *55 Sew 1953_M&S

415345 Fund 1921-37...MD• 43-s Water-Wks '30_M&S48 '21, '22, '26 & '27_F&A

*Canton S D 55 1954 _ A&08*4.408 1956

Cincinnati-4.4%s St'32.J&J*434s July 1943 J&J'434s Park 1953._ M&N'434s Sewer 1955.._ _ _A&O*4' 5 Sew Sep 3'37_M&S34s Aug 1 1934 F&A45 5 f 1941 opt 1921___J&J4s Sept 15 1949 M&S3.655 g Feb 1937_ F&A334s Ref '56 opt '36_ M&N334s 1938 opt 1918 F&A334s Water '45 op '25 F&A334s Ref 1052 opt '32_J&J35 Water 1939 op '19_F&A

Cinc S D '434o 1934_A&O 134s 1936 opt 1906 M&S3345 1940 opt 1912 A&O

Cleveland-'So W W 1036-1968 J&D. *4s St imp Feb 1 '34 F&A*434s St Imp Febl'32.F&A'434o March 1949._ M&S*434s Fire dep'20-'55.A&O434s ClarkAvBdg'42_A&O454s Bridge 1931 A&O434s Park 1938 A&O4.105 Paving 1930 A&O4.10s Sew Const '30_A&O45 Infirmary 1920 A&O45 Water 1920 A&O 45 Sewer 1925 MD 45 Refunding 1927...A&O 4s Park 1929 A&O 4s Park 1931 A&O 45 Park 1924 A&O 40 Grade Cross'g '30_ A&O

Cleveland S D *4340 '20-'35 45 1922 A&O

Clifton in Cincinnati)-49 JulyNl 1 1932 J&J

4 Ms

v

ater 2d ser '22 A&O Columbus-4 34sSew'21M&S 45 Dec 1 1927 J&D 45 Sewer '33 opt '13_M&S 45 Wat-W '45 op '20_ M&S 334s 1932 opt 1012_ _J&J

Columbus S D 45 1926_ M&S 3345 March 1 1923_ M&S

Cuyahoga Co-5s 1920_ A&O *55 Bridge 1920-27_ A&O *58 Ref 1920-1939_ A&O4s Ref 1920 to 1926_ A&O45 1920-1941 A&O

*Dayton-5s 1923-'32_ M&N*5345 W W Imp 1944_J&D*55 W W Imp 1945._ F&A'434s W Wimp 1940.J&DciMs Bdge 1933-39_A&O

Dayton S D 4s 1920._ M&SEast Liverpool 45 1940.J&JElyria 45 1920 to 1923_F&A

49 Water 1924 to '38_J&D55 W W 1929-1946 _J&J

Findlay City S D-4'55 1920-1927 J&J

Fostoria-4s 1925_ _ _ M&S*55 W W Imp '20-'40 M&S

Franklin Co 45 '20-'25_ M&S41.55 Fl-Emerg '20-'29.M&S

Gallipolis 48 Aug 25 '20.F&AHamilton Co '434o '43_ F&A4%% Oct 1 1939___A&O45 C II J'ne '36 op '16 J&D

Ironton *434 W W 1936 J&DLakewood 4348 '21-'39_A&O'434s Oct 1945 A&O*lis Park&Imp '20-'41A&O

*Lawrence Co 55 1934_ M&SLima 48 Sewer '20 to '25A&O

*434s Oct '20-Oct'30..A&O334s Ref '30 opt '25 A&O

Lorain 50 1920 to 1932 _J&J*55 W W Ref '20-'27_M&S

Lucas Co 45 C-H 1944 M&SMadisonville (in Cincinnati)

/Ss 1932 opt 1922_ _J&JMarietta-*4 345'20-'33 MD3345 1931 opt 1911 F&A

Marion 58 1920 to '23 M&SMartin's Fy 5s '20-'44_MJESMercer Co-5s '20 to '24 F&AMiddletown45'30op'20_F&AMontgomery County-'So FI-Emerg '23-'42 J&DMuskingumCo*5sOctl '20-23Newark 41434s 1920-41_A&ONorwood-434s 1925 _J&D4s 1930 A&O

Portsmouth-4s '20-'24_J&D

55555

b 5b 5b 4.55b 4.55

•

b 5b 5b 5b5b 5

5.10

4.804.804.804.804.80

4.754.754.354.35

4.754.754.754.754.75 0

------

4.90

54.404.904.504.5055

4,804.804.704.704.704.704.704,404.404.404.404.404.404.404.404.404.404.404.40

4.704.704.704.704,704.404.404.404.404.404.404.404.404.404.404.404.404.404.754.404.40

4.404.404.404.404.404.404.404.404.404.904.904.404.40'

4.404.504.504.504.90

4.904.5054.404.90

------

------

4.754.754.4054.504.904.904.904.504.904.504.504.904.40

4.404.804.404.004.504.504.50

4.904.904.904.804.404.50

Bonds. Bid.

------

Ash

--Ardmore-5s 1922_ ___M&N 99 100Canadian Co 45 '22-'31_ F&A Muskogee-4%8 1925.M&N .55 Nov 1 1924 M&N 97 10055 Funding 1929._ M&S 97 10055 Sewer 1936 M&S_ 97 100

Okla City-58'37 op'22 F&A 55 Water 1936 M&S 55 Fund Oct 9 '30.. ,,A&O 9 55 Fire Dept 1034.. __J&D --- --4345 Sewer 1930 F&A4345 W W 1941 J&J

Okla City S D 48 1933_ J&J55 1926 1930, 1931 Var.

Okla Co4345 '24-'33:MDOkmulgee-55 W W Ext Mar 15 1943

Payne Co 4 34s'20 to '29 A&OOREGON

434s Ilway '24-Apr'44_A&Ob 4.80 4.5545 Highway 1923-42_ _ _A&O b 4.80 4.5545 Highway 1922-41.. _..A&O b 4.80 4.5545 Aug 1 1928-1933_ ___F&A b 4.80 4.55Albany 55 ref '31 op '21.A&O Astoria 5s 1953 J&D Baker City 55 1934_ M&S Clatsop Co 55 1934_ A&O Columbia Co 55 RoadApr 1 1924-'29-'34 A&O

Dallas City 58'20-'26_ M&N Eugene 58 1942 M&S Multonomah Co 4 34s'32J&D b 5.25 4.9055 Road 1920-1929__M&N b 5.25 4.90

Portland-5s g C H '22_J&J 5 Ms_Aug 1928 F&A 58 Water 1923 J&J 55 gold Bridge 1925 A&O 434s Dock 1943_ M&N 434s Oct 1920-47_ _A&O 45 gold Bridge 1934 _J&J 45 Water 1937 M&N

Pt ofAstoria5sHar'24-'29J&J Pt of Coos Bay Harbor 55_ Port of Portland 55 '22 _J&J 45 Dry Dock 1934...... J&J

Salem-•-55 Sewer'20-'33M&N PENNSYLVANIA

4345 July 1924, 1929, 19341939, 1944, 1949__J&Jb 4.05 4

Allegheny-45 '22 & '27_J&J b 4.25 4.154s Street Impt 1937_ M&N b 4.25 4.153340 1920 to 1931___A&Ob 4.40 4.30

Allegheny Co 4548 '43_M&N b 4.25 4.154s Road 1938 F&A b 4.254,1845 Road 1939 A&Ob 4.25 4.15

F45 Bridge 1942 &A b 4.25 4.153345 1932 opt 1922__MacN b 4.25 4.15

Altoona-4s '34 opt '14.J&J 96 97

4s Ref 1936 opt 1916.. J&J 96 974s Highway '37 op '32 J&J 96 97

Altoona S D 48 '20 to '35A&O 96 97Braddock 4348 '20-'44_ M&N b 4.30 4.25

45 1920 to 1935 M&N b 4.304,25Chester-338 1929_ _J&J b 4.50 4.40

48 '37 opt '17 tax-exm_J&J 96 97J45481930-35-40 &Jb 4.304,25

Chester S D 4345'32-'37-'42_ b 4.30 4.25Easton-334o 1928_ _A&O b 4.50 4.40Easton S D 48'24 op '24 F&A 97 98Erie-4. Street '21 op'11 J&J 98 99434s Ref 1934 op '24 J&J b 4.35 4.25

Erie S D 48 1920-38____F&A b 4.35 4.2545401920-1937 A&O b 4.35 4 . 25454s Jan 1 1936-1946 b 4.35 4.25

Fayette Co 45 Road '26.A&O b 4.35 4.154s Road 1936 A&O b 4.35 4.15

Harrisburg-48 1920 _J&J b 4.35 4.20

45 Aug 31 1926-32 M&S b 4.35 4.204s Pub Imp '20 to '36 M&S b 4.35 4.20

Johnstown-5s '21 op_ M&N b 4.35 4.204 1,3 Sept 1 1923 M&Sb 4.35 4.20

434o 1920, 1925 & 1930... b 4.35 4.204s 'Building 1930 opt M&Sb 4.35 4.20

Lackawanna Co 4s 1944F&Ab 4.35 4.20Lancaster-4s Jul 1920 _Q&J b 4.35 4.2048 Street Im '38op'28 A&O b 4.35 4.20

334o Sewer 1934_ _ M&S b 4.40 4.30Lancaster S D 4s May 1948_b 4.35 4.25LowerMerionTp4s .4348,4348 b 4.25 4. 15McKeesport S D 4345 1920--1943 M&Nb 4.35 4.25%

Norristown SD 4345 '43 J&Jb 4.30 4.25%Philadelphia 1937__J&J 97 9734

434s May 1948 J&J 104 105434s Nov 1 1948 J&J 10334 104344340 March 1949 103 10445 July 1939 J&J 97 9745 July 1940 J&J 97 9745 July 1942 J&J 97 9748 Nov 1943 J&J 97 97-is Nov 1944 J&J 97 9745 Jan 1945 J&J 97 9740 Jan 1 1946 J&J 97 97

Portsm'thSD3345'20-22A&OSandusky 5s '20 to '26_F&ASpringfield 55'20 to '21 M&S

*55 1931-1934 4345 Big Sep '-'M&S4s 1921-1925------M&S

SPringf'd SD*55'20-'39.J&J2Steubenville *55 '20-'35 M&SToledo *55WW '37-'44 F&A*55 Sewer 1949 M&S,'434o Gen Imp Sept 15 '20*4348 Sept 1 1928M&S4348 Bdg '28,'33&'38 F&A48 1926 A&O4s Park July 1 1942__J&J3348 Refund'g 1930_ M&N

Toledo Sch DLst-45 '23 to '29Warren Co 55 1929-34_M&SYoungstown *15s '20-'25 A&O*55 Police Bdg& St '20-'32•434s 1920-1957 A&O

Youngstown School Dist-'434s 1944-1947_ M&SZanesville-705s City Hall& Market 1920-39 M&S

OKLAHOMA434s Oct 15 1924-33..,,A&0154s Funding 1920-27 F&A

0

0

0

ToNet.

4.504.504.504.904.404.404.904.904.754.754.754.754.404.404.404.404.404.504.804.804.80

4.80

4.80

4.754.75

8--

Zoo4.904.904.904.904.904.904.904.90

4.905

8--A55

555

4344%4%4%4344%4%4%5.105.105.105.105.10

b Basla. 4 Now part of New York City. /Flat price. n Nominal.*Subject to taxation. By an amendment to the constitution of Ohio adopted Sept. 3 1912, bonds issued after Jan. 1

1913 by municipalities in

that State are subject to taxation. Bonds leaned prior to Jan. 1 1913 are exempt from taxation.


• 54 STATE AND MUNICIPAL BONDS [Vol,. 110.

Bonds Bid. Ask.ToNet.

Philadelphia (Concluded)48 Nov 1 1966 J&J3%s Water 1931 J&J31.e July 1932 J&J3%s July 1 1934 J&J

ihila S D 4%s '24-'43_ _J&J b48 1923-1942 J&J b

P1ttsburgh-4 %s' 20-'50J&D b4s May '25 op '10-'22 M&N b4s 1920 to 1927 M&N b4s 1921 to 1939 J&J b48 1920 to 1936 J&J b4%s '20-'38 taxable_ M&N b33js Apr '20 to '30__A&O b

Pittsb S D 43(s '22-'27_ _J&J bReading--49 '20 to '28_A&O b4s 1923-1928 M&S b48 1921, 1926, 1931

Schuylkill Co 3s '21 opt J&J bScranton 44s '20-'41__F&A b48 1920-1937 M&S b48 1920225230-'35_ _A&O b

Scranton Sch District 4s1923-'28-'33 A&O b3%s 1920-1932 F&A b

Uniontown 49'28 tax-exM&N bWash'n Co 4%s '21-'34 M&S b48 1924-1933_ _ _ M&N b

Wilkes-Barre3%s'20-'29F&A b4s 1921 to 1935 J&J b43.s Imp Set I '22-'38A&O b43s 1931-1940 J&J b4%s Imp 1940-1945 J&J b

Wmsport 31.s '29op'09M&S bYork 4s 1924-1943_ __F&A bYork Co 3%s 1920-'32M &N b

RHODE ISLAND48 Chant Inst 1965__ __M&S3%s gold S H 1934 J&J38 State II July 1938_ __A&OBristo1-3 As g 1930_ M&SCent Falls 4s '21-'30._ F&AE Prov'ce 49 J'ne 15 '47 J&DJohnston 43s 1920, 1925,

1930, 1935, 1940 M&N bLincoln-4s 1928 A&ONewport-43s '20-'39 M&S48 gold 1927 F&A48 May 15 1948 M&N33.s g High Sch 1954 J&D

Pawtucket-4%s 1950_J&J4%s Sewer 1952 J&D4s Water 1937 M&N334s 1922 J&D

Providence-4s g 192E _J&J48 gold April 1927_ A&O48 May 1 1944 M&N48 Jan 1 1945 J&J4s July 1956 J&J3%s Sch & Br 1929.. M&N38 Sew & Imp 1929__M&N

Westerly-4s 1927_ __ _M&S3%s Water Feb 1929_ F&A

Woonsocket 4%s Fd '41J&D43.0 Funding 1944_ _ M&N(*Funded 1920-1959_A&O48 Funding 1941.. ....J&D48 Funding 1947_ _ __A&O3%s Wat May 1 '31_ M&N

979191894.404.404.354.354.354.354.354.354.754.354.354.354.354.354.404.404.40

97%929290

4.25%4 . 25%.4.204.204.204.204.204.20074.50%4.254.204.20 04 20%4.204.23 04.23%4.23%

0

4.40 4.25%4.40 4.2574.40 4.254.35 4.20 04.35 4.25%4.50 4.354.50 4.35 04.50 4.35%4.504.35%4.50,4.35%4.3514.20%4.35 4.20%4 40 4.30%

9089808793%83y.

5.10929794%87%77%91y19187%95%97%93187187 484%88%849388%92%92998684%86%

SOUTH CAROLINA43s Blue 1928 J&J 10048 Refund 1952 op 1932_J&J 94Charleston-Ss Oct '22_A&O 994%s 1928 A&O 48 Sewer 1929 A&O 48 July '37 (tax-exm&J 48 Refg '38 (tax-exm _J&J

Cheraw 5s '52 op '32_ _July 1 99Columbia-6s 1921__J&J 58 Ref Mar 1 194E.... M&S 43.s Water 1945 J&J

Greenville-5s 1940_ _ _ _J&J58 Street 1942 J&J 58 Water 1958 F&A

Greenville Co43s'40-'55J&J Richland Co 58 1933_ _ _J&J Rock Hill 58 1951 op '31_J&J Spartanburg 4%s 35.. A&O 58 Sept 1 1939

Spartanburg County-41.45 1923-1927 M&N SOUTH DAKOTA

be Mar 15 1931-35._ M&S 15 5s June 1 1924-'39____ J&D 451s Rural Credit 1939_J&J Aberdeen-5s '20-'21_ _A&O 4%s Sewer Jan 1032_ _J&J

Sioux Falls bs 1931____J&D Sioux Falls S D 58 1935_A&O

TENNESSEE4 s July 11920-67 J&J b 4.9045s Ref 1920-1955 J&J b 4.904s 1938-1955 J&J b 4.904s et 1920-1955 J&J b 4.9048 1932-1953 J&J b 4.90Blount Co bs 1921, 1926,

1931, 1936, 1941, '51_J&J Chattanooga 58 1920A&015 43a Publlc Imp 1937_J&J 43.s Rfg Apr 15 '39A&015 4 s Sew,&cDec30'41J&D 4s Park 1942 M&N 3%s Jan 1 1922 J&J

Cocks Co Rd & Brge-'24, '29, '34, '39_ _ _ _ M&N b 5%

Cumberland Co 58 1956_J&J b 5%Davidson Co 4%8 '37opF&A Grainger Co 5s 1940_ __ F&A Hamilton Co 58 1944__A&O 58 April 1 1935 A&O 58 Aprll 1 1945 A&O 434s 1941 J&D 4s C H & Jail '42_ _A&O 43.s Bdge & Sch 1947A&O

Knox Co 58 1930-1945 Knoxville--5s g 192E ..A&O 53 Refunding 1940_ _ M&N 49 Funded &c 1937 J&D 4 s Water-wks 1949.J&J

June 1 1929 J&D

-----

------------------------

------

------

------

------------

------------

10196100 '

100

4.6574.854.654.654.65

4.90%4.90%

Bonds Bid AskToNet

Memphis bs July 1954_ _J&J bs 1920-1927 F&A bs River Term '23-'48A&O 5s Audit Mkt'25-'49 O&J 4s Refunding 1926_J&J 43.s Refunding 1939_J&J 4 s St Impt Arc '46_F&A 4 s Park 1947 J&J 4 s Street 1947____M&S 4%s 1950 J&J 4 s Park 1959 A&O 48 Water 1933 M&N

Memphis S D 43s '59_ _J&J Nashville-5s Wat 1921J&D 5s March 1933 M&S 5s 1920-1935 M&S 5s Sch 1920-1945_ _J&D 43.s Sewer 1923 A&O 4 s Street 1935 J&J 4 s Trunk Sew 1940_J&J 43s High Sch 1940 _J&J 45 (Tenn C RR) '24_ M&N 4s Sewer 1927 J&J 4s Water 1928 J&J

Putnam Co 43.s 1941 July 1 RobertsonCo4s'41op'31_J&J Shelby Co-4 )isSch'41_J&J 4s Court House 1955_J&J bs Sch 1929, 1939, 1949_

TEXASAustin 53 1920-1942_ _J&J 5sSchBg&Hos'52op'32J&J 4%% Refg 1920-1946_J&J

Beaumont 53 '52 op '32_ A&O 58 Water Works 1954.M&S 4s 1942 opt 1922 J&D

Cleburne5sWW'52op'32.J&J b 5.10Dallas-5s 1931 J&D

4 s 5th 1920-1952_ M&N 4s

5s4 Aug 1928_ _F&A

Water '47 op '17_ _A&O 43 Water '20 to '49_ _ M&N 43 School 1920-'51_ _ _J&J

DallasCo4%9Sep 10'51Apr10 bs Viad & Bdge Feb 101954 op 1924_ Apr 10

ElPaso5sWWPurch'50_A&0 58 Fund 1951 opt '31_M&S 58 School 1955 op '35_,J&J 53 Imp Aug 1 1048.. F&A

Fort Worth-69 1922_ _ F&A bs Apr 1951 opt '31_ A&O 43.sStImp'48opaft.'28J&J

402sSs Sch'49 op aft'29_J&D ch '48 op aft '28 J&J 44s Refunding 1941___J&J

Galveston-Ss Lim debt 1932-1936 J&J 9758 Grade Rais 1944 A&O 9758 School 1920-1954_M&S b55s Wat & Sew 1920-34M&S b5bs 1920-1956 A&O b54%s Grad &c'48op'28 J&J b543.sGrad &c'49op'29 A&O b5

Galveston County-58 Bd Apr 10 '51op'31A&O

Harris Co 48 '47 op '17..A&OHouston-5s Sew Nov 15 1939_M&Nbs RefOct16'41 op'31 A&O58 Mun Imp '26-'36._ F&A49s Sept 1920-1952 M&N43.s Oct 26 '38 op'28 A&O

. Port Arthur bs 1920-56 M&S 97 994.75 San Antonio-5s '23-'53M&S b 5.104,804.75 53 Sept 1920-'53 M&S b 5.104,804.75 Ss Sept 1931-1959 b 5.10 4.804.75 4%s May 1 1920_ M&N b 5.104.80

58 St Imp Dist No 2 1943_ b 5.104,80San Antonio S D 58 '56.. F&ATarrant Co-5s Road & BdgApr 10 '52 op '22....Apr 10

Waco 5.9 Impt 1920_ M&S58 Nov 1 1934 M&N5s Sewer 1937 J&Jbs Water-Wks 1942_ _J&J48 Jan 1 1931 UNITED STATES-Se

UTAH5s Capitol Bld . 1934_ _J&J

4.00 4 s Road 1939 J&J4s Capitol Bldg 1934..__J&J

i5 48 Carol Bldg 1924_ J&J

5 Box ElderCo4 sSch'32F&A5 Ogden-4%s 1929_ _J&J5 43s Refunding 1932_J&D5 4%s Ref Wat 1933 M&N5 49 Ref 1921 opt 1911_J&D

Ogden S D 48 '22 op '12_J&JSalt Lake City 4%s '24_J&J5s Ref 1920-1928_ M&S4%s May 1 1934_ M&N49 Refund Jan 1921_ J&J4%s ref 1934 M&N48 Water '20 opt '10_A&O

5 48 S & W '25 opt '15_A&O4.90 Salt Lake City S D 49130J&J4.90 4%s Feb 1 1932 F&A4.90 4%s Aug 1 1933 F&A4.90 Salt L Co 44s '26op'16 F&A4.90 VERMONT4.90 4%9 Oct 1 1020-1949 A&O b

Barre-3%9'22 op 1918_J&J 96___ Middlebury 49'41op'21 M&N 88

4-.66 Rutland-4s g 1024...... M&N 96

VIRGINIA5 Os deferred ctfs 1871_ _J&J

Brown Bros ctfs 3s "Riddleberger" 1932 opt1900 J&J

as Funded debt 1991_ _J&JDanville-4s Refg 1931_J&J4%s Ref Aug 1942.. F&A

Lee Co-Ss 1921-'41 _J&J

5%

4-664.904.904.904.904.904,90554.004.90

Capitol Bldg 1934_A&O

5 3%8 Refunding _J&J

55555554.004.904.904.904.90

98

100100

55

100

0

e Page 49

52

88M80M

4.30%------------

54

8981

Lynchburg-5s '26 op _J&J b 4.90 4.804 s Ref June 1 1927_J&D b 4.904.8045.s Pub Impt 1939_ _J&J b 4.9014.304 s Pub Impt 1946__J&J,b 4.904.80 0

4-.T364.804.804.804.804.804.80

4.805.105.10,5.005.16555

'3)5

47564.004.904.904.904.90

8--555555

4.704.704.704.704.704.704.704.804.804.804.804.804.804.804.804.804.804.804.804.804.804.804.80

55

54.90,4.9014.90

55

Bonds

4.90 Lynchburg (Concluded)4.90 4s Water 1951 J&J4.90 48 Ref Oct 1934 4.90 Newport News 4%s '48 Jja4.90 4 s Feb 1953 F&A4.90 4s Street Nov 1 1941 M&N4.90 Norfolk-5s Ren 1923_J&D4.90 53 Municipal 1921 __F&A4.90 5s Municipal 1949 __F&A4.90 bs Municipal 1969 __F&A4.90 4 s Muffle Impt '42 M&S4.90 4 s Renewal 1941:..A&O4.90 4 s Imp July 1940 J&J4.90 4s July 1 1932 J&J4.90 48 Water Oct 1 1934_A&O4.90 48 Impt March 1936_ M&S4.90 Petersburg 43.s 1952_ A&O4.90 Portsmouth-4%s 1940 F&A4.90 4gs Imp Oct 1 1942_A&O4.90 4 s Sch & Sew 1938_J&J4.00 5s Water 1948 J&D4.90 68 Ref 1928 J&J4.90 Richmond 5s '21 to '22_J&J4.90 4%s Pub Imp 1949 J&J5 4%s St&PkRAISep'29_J&J

4s 1920 to 1930 J&J48 1938 to 1943 J&J4s 1924 J&J4s Jan 1 1926 J&J43 1938 J&J4s 1941 J&J4s Jan 1 1942 J.4,45 4s 1943 J&J

5 Roanoke 43s Ref 1936_J&J5 43.s St Impt May 1940._ _5 4 s Pub Bldg 1941_ M&N

4%9 Pub Bldg 1944.. M&N43 St Impt 1936 J&J

Stafford Co 59 1042_ _J&JTazewell Co 53 1923-46_J&J

WASHINGTONAberdeen 5%s '22-'31 _J&DBellingham 58 1926 ..A&OClallam Co-4%s 1921 M&NClarke Co 5s'35 op '25 Jan! b 5%Everett bs July 15 1931_J&J

King Co-5s 1928 Jm&s,Ds bs June 1936

58 C't House '33 opt May 55 Road 1035 F&A 41.9Harb opt '22-'30 Novi

Lewis Co bs 1923-32.. _M&S Pacific Co-4%s Ref July 1 '28-'36_

Pierce Co 58 net '25op'15A&O 58 Sept 1 1928-37 Sept 4s Ref 1926 opt 1916_ M&S

Port of Seattle 59'20-'55M&S 4%s Jan 1021-1955_ J&J

Seattle-bs 1920-1930„J&J 4 s Sewer 1927._ _M&S 43s Water 1931 J&J 4s Park 1931 J&D 4 s Light ext 1032__J&J 4s lb Oct 15 22-A&015

Bs&

b 4.90b 4.90

b53.465%,65 %65%b5%bb%65%

b5y1b5h o

b 4.80b 4.80b 4.80b 4.80b 4.80b 4.80b 4.80b 4.80b 4.80b 4.80b 4 80b

b 5,1b 5b 5b 5

48 April 11020 A&OSeattle SD No! 4%9'24 M&N43.s Mar '20 to '3E_ M&S

Snohomish Co 58 '31 op aft '21Spokane 58 Park 1027.... J&D4 s Bdge Const 1931 J&J4 s Water 1935 J&J4 s Park 1962 J&J43s Bridge 1920-36....J&J48 Water July 1 1925_J&J

SpokaneSDNo81 4%8'29J&J4%s May 1 1931 M&N4s Aug 1 1020-1922_ F&A

Spokane Co 48 '21 op '11J&DStevens Co-43.s '29 op '19-Tacoma-5s g Feb15'20F&A5s Refunding '20-'33_J&D419 Lt & Pow 1929 _J&J4 s Refdg 1931.. A&O

Tac D No 10 4%s '20.. F&AWhatcomCo4Y29'22op'12J&J

WEST VIRGINIACharleston 4%9'41 op'27J&JClarksburg be '20-'53_A&OClarksbgSD 59'41 op'21M&SHancock County-55 GrantRoad Dist '46 op '32_ M&N

Huntington 5s 1944.. OatMartinsburg 58 '43op'29 DeclMercerCo5s'44op'24A&O 15Parkersburg 48 Wat '29 June4%s June 1 1933.. _J&D

Wheeling-es 1924 op Nov5s City 1920 op 1006 July43s Bdge '24 op '06 July48 Ref 192010 1936 July

WISCONSINAppleton 4%s 1020-32_ F&AFond du Lac 4%9'20-'35 MarGreen Bay 4%s '21-'33_J&J48 Refdg 1920 J&J

Kenosha-3 %s'20op'09 J&JLaCro8se4%9'32op'22 F&A45 Water '31 op '21 _J&D

Langlade Co 49'20 to'23J u n1Madison-48 Oct 1931_A&OMarshfield 4%s '22-132.J&JMilwaukee 591921-1039 J&J55 1020-1939 J&J43s 1921-1939 J&J4 s 1920-1930 J&J4 s W W Jan '21-'32_J&J4s Park 1920-1935_ J&J45 Viaduct 1921 to '20 J&J3%s July 1920 to '21_J&J

Milwaukee Co 49'20-'25M&SOshkosh 4%s 1920-34_ F&ARacine 4%s Ref '20-'30_ F&A4s School 1920-1923_ F&A3%s Sch '20 op '09_July 1

Racine Co 4s '20 to '23_ F&AWausau-4%s '20-'33_ A& 0

WYOMINGOS Insane Asy 1921 _ Jan 101%Os Pub Bldg 1920-28._ _July 105Cheyenne 59'31 op '11 .F&A 994

-----

Ask

4.80%4.80%

555

5555

T.tV

5--55

I5

5 5 5 54.704.704.704.70-4.704.704.704.704.704.704.704.804.804.804.804.80's 5

0

5

5 5 54.90% 5 5 5 4.85 4.85 4.85 4.85 4.85

4.85 4.00 4.00 4.00 5 5 4.85 4.85 4.85 4.85 4.85

4.85 4.85 4.85 4.85 4.00 4.90 4.90 4.00 4.90 4.90 4.90 4.90 4.90 4.90 4.00 5.10 4.90 4.90 4.90 4 90 4 00

4 95

102%106101

4.001.904.90

5.2555

555555

4.704.704.704.704.704.704.704.704.701.704.654.654.654.654.654.654.654.654.654.704.704.704.704.704.70

6 Basis. f Flat price. n Nominal.


55

BANKS AND TRUST COMPANIES.Quotations in this department are given per share, not per cent, except for stocks of Canadian institutions

, and are

as near as possible for the closing day of the month preceding the date of issue, though often are nominal. An asterisk (*)

denotes sales. The letter (h) prefixed to a price indicates that the figures show the book value.Figures of deposits, capital and profits for the national banks are from the Comptroller's last call; for all ot

her insti-

tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are required. For

the Clearing House banks of New York, Philadelphia and Boston, deposits are taken from the latest weekly statement.

Where Names are Printed In Italics Fuller Returns may be Found in the Advertising Columns

ALABAMA-Nat. banks Dec. 31; State institutions latest returns.

Capital.Surplus

ct Profits.Gross

Deposits. Par.-

Bid. Ask.

Birmingham- $ $ $ Per share.Amer Tr & Say Bk_ 500,000 334,691 7,903,767 100 150 175Birming'm Tr & S. 500,000 733,014 14,906,942 100 270 280First National Bank 1,500,000 1,691,914 30,413,226 100 280 300Traders' Nat Bank_ 250,000 67,769 3,438,472 100 145 1/0

Per share.Mobile-

First National Bank 300,000 770,544 12,212,788 100 415 420Merchants' Bank__ 200,000 357,411 6,626,771• 100 330 345People's Bank 200,000 307,217 5,359,713 100 260 285Union Com'l Bank_ 200,000 20,607 1,059,499 100 108 110

Montgomery- Per share.Capital Nat Bk... 200,000 n47,374 n1,537,167 100 112 115Exchange Nat Bank 300,000 n133,473 n2,118,744 100 133 140First Nat Bank 1,000,000 n407,709 n4,614,725 100 141 145Fourth Nat Bank 500,000 76,997 4,355,977 100 96 100Alabama Bk&Tr Co 300,000 36,447 714,747 100 107 110Union 13k dc Tr Co_ 100,000 73,727 1,045,407 100 185 200

ARIZONA-Nat. banks Dec. 31; Slags institutions latest returns.

Phoenix- Per share.Nat Bk of Arizona_ 200,000 n302,471 n4,228,499 100 Phoenix Nat Bank_ 200,000 224,980 5,622,669 100 Phoenix S Bk & Tr_ 100,000 139,693 2,250,778 Valley Bank 500,000 184,747 6,433,329

ARKANSAS-Nag. banks Dec. 31; Stags institutions latest returns.

Little Rock- Per share.Am BkoiCom&TrCo 750,000 240,590 13,013,118 25 Central Bank 100,000 10,412 490,727England Nat Bank.. 200,000 68,847 2,645,724 100 Exchange Nat Bk.. 300,000 290,576 5,616,704 100 Lasker-Morris B&T 100,000 31,977 740,735People's Say Bank_ 100,000 62,779 2,008,940 25 Bankers Trust Co__ 250,000 45,079 4,589,266 100 Southern Trust Co_ 500,000 160,877 4,591,770 25 Union & Mere Tr Co 400,000 268,247 6,005,189 100 W B Worthen Co_ _Pine Bluff-

200,000 285,674 1,504,788Per share.

Citizens' Bank_ ___ 300,000 192,062 1,437,473CottonBelt S&T Co 100,000 50.000 680.000 25 Merch & Plant 13k_ 175,000 201,536 3,303,320 25 Simmons Nat Bank 200.000 n247,472 n3,379,275 100

CALIFORNIA-Nat. banks Dec. 31; Stags institutions latest returns.

Berkeley- Per share.Berkeley Bk of S&T 443,100 471,361 10,016,708First Nat Bank____ 300,000 239,91 4,938,706

Fresno-Bk & Tr CoCentCal 300,000 91,227 2,318,711 100 Farmers Nat Bank_ 300,000 n582,292 n7,429,912 100 First Nat Bank_ - 500,000 707,544 9,774,149 100 Union Nat Bank.... 160,000 n157,302 n3,895,959 100

Los Angeles- Per share.Cal Say dc Corn Bk. 500,000 31,801 5,000,930 100 CitizensNat Bank.. 1,500,000 857,662 28,518,338 100 307% Commercial Nat Bk 300,000 186,324 5,807,170 100 175 220Continental Nat... Farmers& Mer NatFirst National BankGuar Tr & Say Bk. HomeSay Bank...Hibernian Say Bk.Merchants' Nat 13kSecurity Nat Bank_Security Tr & E3 Bk_Hellman Corn T & SCitizens Tr & S BkLos Ang Tr ar S Bk.U S National Bank_

300,0001,500,0001,500,0001,500,000760,000500,000

1,500,000800,000

3,150,000890,000750,000

1,500,000200,000

40,0742,101,3013,111,7141,177,877163,690125,007484,691431,887

1,973,714454,667292,100

1,932,290129,004

2,002,92825,974,05051,450,42229,355,07013,829,03512,809,49020,504,7858,973,92974,427,23021,221,9100,555,93138,001,7022,804,344

ioo100100100100loo100 looloo loo loo loo

307480280 190175 190

310

160

313510

200

195

31234

190Union Bank & Tr__ 750,000 141,574 5,282,908 137% 150

Oakland- Per share.Central Say Hank.. 600,000 644,517 18,809,474 30Central Nat Bank_ 1,000,000 n1,281,898 n15534172 100 210 Farmers & Mer Ilk. 238,000 27,927 2,039,729 100 First National Bank 000,000 a217,000 a7,815,000 100 210First Savings Bank_ 500,000 78,721 7,703,720Oakland 13k of Say_ 1,250,000 1,135,367 39,299,007 75 195 233State Sayings Bank 100,000 200,307 1,045,973 100

Pasadena-First Nat Bank_ _ _ _ 300,000 405,074 3,355,705Security Nat Bank_ 100,000 n38,000 n1,284,000 100 Union Nat Bank_ _ _ 100,000 140,081 4,356,867 100 Nat Ilk ttc Tr Co_ _ _ 300,000 119,704 5,102,745First Tr & S B 500,000 134,477 3,448,735Union Tr & Say Bk 426,000 242,480 4,537,725 100

Sacramento- Per share.California Nat Bk_ 1,000,000 400,864 12,957,329 100 California Tr & 8 B 300,000 289,402 8,185,974Farm & Mech S Bk 350,000 134,397 3,395,710 100 NBDO Mills dc Co 500,000 n1,091,571 n8,034,763 100 People's Say Bank_ 500,000 278,587 5,182,240 100 Sacramento Bank- _ 1,000,000 597,599 11,075,320 100

San BernardinoCalifornia State 13k 100,000 15,807 027,894Farmers' Exch Nat 100,000 n88,977 n1,291,540 100

•Sale price. a Dec. 18 1919.• May 12 1919. •Juno 30 1910.

CALIFORNIA-(Concluded1)

Capital.Surplus& Profits

GrossDeposits. Par. Bid. Ask

San Diego- Per shareglut Nat Bank _ - 1,000,000 n146,029 n6,897,950 100 120 150Merchants' Nat Bk 250,000 580,220 2,874,771 100 400 410San Diego Say Bk. 200,000 435,177 5,163,949 100 300 325Secur Comm & S B 250,000 30,500 1,334,020 100 140 150Union Nat Bank -- 200,000 n80,589 n834,020 100 125UnitedStatesNatBk 100,000 3,371 1,246,905 100 100 105Southern Tr& Com-

merce Bank 1,000,000 250,397 10,949,948 100 160 175San Francisco-

American Nat Bank 2,000,000 532,449 18,691,421 100 127 131Anglo-London-ParisNational Bank... 4,000,000 2,657,212 92,022,675 100 175

Bank of Calif, N A. 8,500,000 8,770,694 83,217,987 100 201 Bankof Italy 8,000,000 2,500,000 127258825 100 102% Columbus El & Moe 130,000 177,141 2,930,749 250Crocker Nat Bank. 2,000,000 4,972,903 40,108,922 100Don'hoe-Kelly BCo 850,000 225,240 2,325,887 100First National Bk_ 3,000,000 2,379,497 33,728,776 100 c301French-Am BkofSaySan Fran t 1 & L Soc

1,000,0001,000,000

501,7972,437,687

12,125,18580,869,724

1001001

108%3825 inoo"

Humboldt Say Bk. 1,000,000 382,139 13,195,912 100 117 125Italian-Amer Bank 1,000,000 171,829 10,731,314 118 Mercantile Nat Bk_ 2,000,000 1,343,970 13,765,999 100 250 Merchants' Nat Bk 1,500,000 283,794 0,470,481 100 75 Mission Say Bank_ 422,700 35,699 5,259,346 10( Say Un 13k & Tr Co 1,500,000 2,258,297 43,830,316 100 275 Seaboard Nat Bank 500,000 326,299 4,227,142 100 124 137%Security Say Bank_ 500,000 359,965 4,276,308 250 430 Wells Far Nev Nat 8,000,000 5,571,697 84,005,276 100 180 185Anglo-Calif Tr Co_ 1,500,000 374,720 23,889,218 100 141 First Federal Tr CoUnion Trust Co

1,500,0001,200,000

585,3112,148,379

20,517,71534,913,447

50800 i:idd

San Jose- Per share.Bank of San Jose- _ 300,000 294,959 3,841,775 100 140 150First National Bank 300,000 378,655 1,567,509 100 230 235Security Say Bank_ 100,000 121,517 1,910,085 100 200 Security State Bank 100,000 124,740 1,002,909 100 200Gard C Bk & Tr Co 430,000 518,420 5,267,738 100 235 240Stockton-

City Bank 400,000 167,717 3,102,700 80 Cornm'l & Say Bk_ 500,000 193,974 4,958,717 First Nat Bank- - - - 200,000 378,677 1,567,519 100

CANADA-See last page.

COLORADO-Nag. Banks Dec. 31; State institutions latest returns.

Colorado Spgs-- Per sColorado Say Bank 50,000 184,103 1,978,739 100 Colorado Spgs N B 100,000 101,197 1,720,773 100 Exchange Nat Bk__ 300,000 226,720 8,028,443 100 First National Bank 300,000 518,320 0,067,719 100 Colo Title & Tr Co_ 300,000 101,917 1,882,775 100 Denver- Per s

Central 8 Bk & Tr_ 300,000 228,990 8,535,792 100 City Bank 120,000 38,377 665,701Colorado Nat Bank 500,000 1,808,677 25,204,292 100 Denver Nat Bank_ 1,000,000 1,500,297 23,989,087 100 Denver Stk Yds Bk 250,000 69,923 2,826,773 100 Drovers State Bk_ 100,000 47,877 1,163,120?int National Bk_ 1,250,000 963,121 27,666,719 100 Elamilton Nat Bank 350,000 143,294 5,360,790 100 Werchants Bk 125,000 15,917 1,106,771 _ -US National Bank_ 400,000 816,541 14,156,294 100 kmer 13k & TrCo. 500,000 220,877 .8,773,712 100 libernia BlaTrCo 100,000 37,477 1,521,724 100 3uardlan Trust Co 240,000 26,373 815,657Tome Say & Trust_ 200,000 108,999 3,552,900nternational Tr Co 350,000 898,052 12,970,100 100 :nterstate Trust Co 200,000 44,911 3,170,724 ____ -- , .

-Leadyille-- Per skinerican Nat Bank 100,000 35,677 823,928 100 3arbonate Nat Bk_ 100,000 27,334 1,580,941 100 Pueblo-

Pint Nat Bank_-

__ 500,000 984,163 13,241,470 100 hiAllIn Plitv A. Tr en 100.000 133.044 3.442.270 ____ -

hare.

hors.

CONNECTICUT-Nag.banks Dec. 31; State institutions latest returns.

Bridgeport- Per shar•City National Bank 500,000 753,117 8,685,729 100 210 Connecticut Nat Bk 664,200 442,717 3,720,675 100 175 First Bridgeport N B 1,000,000 1,306,178 11,748,210 100 212 Bridgeport Tr Co_ _ 1,000,000 447,242 7,024,772 100 160 Amer Bk & Tr Co.. 100,000 90,469 3,966,676 100 130 WestSide Bank_ 100,000 32,870 1,095,171 100 130 Hartford- Per share

Am Indus'l B&TCo 327,087 183,137 3,105,263 100 170 City Bk & Tr Co_ 500,000 249,897 8,462,097 100 210 Colonial Nat Bank_ 500,000 176,372 2,389,090 100 145 Conn River Bkg Co 150,000 524,301 2,912,331 30 150First National Bank 1,150,000 1,074,917 9,462,081 100 230 Hartford-Aetna NB 2,000,000 2,707,429 17,361,667 100 230 Phoenix Nat Bank 1,000,000 1,028,119 10,175,336 100 250 State Bank & Tr Co 400,000 709,049 6,559,039 100 410 United States Bank 100,000 370,778 3,278,764 100 490 Fidelity Trust Co_ 100,000 177,277 2,547,364 • 100 320 Hartford-Conn TrCo 1,250,000 1,849,397 15,311,608 100 490

RiversideTrust Co_ 150,000 221,708 2,102,237 100 250 Security Tr Co 300,000 423,772 3,268,193 100 410 Travelers B & TrCo 100,000 83,929 2,560,774 100 New Haven- Per share.

Bway Bk de Tr Co_ 150,000 71,164 2,313,887 100 First National Bank 1,000,000 1,083,044 8,950,913 100 Mechanics' Bank_ 300,000 620,000 7,547,245Merchants' Nat Bk 500,000 549,840 5,245,494 56g New Hay Bk N B A 1,200,000 1,623,771 8,434,974 100 Nat Tradesm's Bk. 300,000 1505,300 12,146,700 100People s Bk & TrCo 300,000 244,449 4,569,538 100 Second Nat Bank.- 750,000 946,4471 7,454,718 100Un & N Hay Tr Co 850.000 814,073 3,380,999 100

t Capital is to be increased. s Ex-dividend. It Ex-rights.n Nov. 17 1919. r Feb. 19 1919. • April 18 1919.

s Includes First Fed. Tr. Co. elk s Sept. 12 1919.


56 BANKS AND TRUST COMPANIES [vol.. I to.Where Names are Printed in Italics Fuller Returns may he Found in the Advertising Columns

CONNECTICUT-(Concluded.)

Capital.Surplus& Profits.

GrossDeposits. Par. Bid. Ask.

Norwich- $ $ $ Per share.Merchants' Nat Bk 100,000 45,941 524,431 100 115 ..__ .Thames Nat Bank_ 1,000,000 633,933 2,920,285 100 150 Uncas Nat Bank__ 100,000 36,690 572,239 100 105 Waterbury- Per share.Citizens' Nat Bank 300,000 252,440 3,840,156 100 150 Manufac's' Nat Bk 200,000 222,140 5,178,810 100 175 Waterbury Nat Bk 500,000 481,609 3,906,472 50 79 _ _...Colonial Trust Co.. 400,000 671,969 5,943,053 100 250 Merchants Tr Co__ 100,000 163,417 3,009,754 100 175Waterbury Tr Co.... 200.000 99.772 3,377.406 100 105

OILAWARE-Nal. banks Nov 17; Mate institutions latest returns.Wilmington- Per shareCentral Nat Bank.. 210,000 137,061 1,881,414 100 Farmers' Bank____ 500,000 762,761 t8,704,301

Nat Bk of Delaware 110,000 179,197 1,749,401 100 Union Nat Bank_ __ 203,175 808,796 4,510,452 25 Delaware Trust Co 773,000 300,482 4,688.477 100 Equitable Tr Co__ 500,000 810,677 t4,078,415 100 Security T & B D Co 600,000 886,824 5,448,994 100 Wilmington Tr Co.. 1,000,000 1,036,238 t 15725999 50

01ST. OF COLUMBIA.-Nat. banks Dec. 31; other Outs. latest returns.Washington- PerAmerican Nat Bk_ 800,000 307,177 4,788,549 100 172

Columbia Nat Bk_ _ 250,000 329,404 2,975,373 100 175Commercial Nat Bk 1,000,000 424,767 12,030,292 100 179Bank of Corn & Bar 100,000 49,737 1,143,672 10 12District Nat Bk_ _ _ 550,000 363,997 6,743,587 100 174Dupont Nat Bank_ 200,000 35,000 1,389,972 _Farm & Mech Nat. 252,000 375,590 1,810,076 100 240Federal Nat Bk_ _ _ 500,000 316,291 4,618,465 100 Franklin Nat Bk__ 225,000 a52,907 a3,073,946 100 Lincoln Nat Bank_ 300,000 263,032 4,874,218 100 165Merchants Bank__ 300,000 97,027 1,354,411 145Nat Bank of Wash_ 1,050,000 a703,349 a7,016,233 100 195Nat Capital Bank_ 200,000 a270.849 a1,566,768 100 Nat Met Bank.._ _ 800,000 748,803 9,647,061 100 200Riggs Nat Bank. __ 1,000,000 2,376,909 22,784,063 100 450Second Nat Bank__ 500,000 a263,879 a3,353,316 100 152Secur Say&Com 200,000 83,597 3,501,923 100 200Amer Secu & Tr Co 3,400,000 2,305,742 24,992,651 100 230Continental Tr Co. 1,000,000 235,079 3,695,869 100 106%Nat Say & Tr Co... 1,000,000 1,638,917 9,877,948 100 x265Munsey Trust Co__ 2,000,000 342,944 4,029,881Union Say Bank__ _ 200,000 54,140 1,600,353Union Trust Co__ 2,000,000 574,577 5,833,780 100 115United St atesSay Bk 100,000 72,734 1,859,570 185Wash Loan & Tr Co 1,000,000 1,466,777 11,517,161 100 x246

share.185

185

120230

FLORIDA-Nat. banks Dec. 31; State institutions latest returns.

Jacksonville-Atlantic Nat Bank..Bartlett N B of JackFlorida Nat Bank....Tampa-

Citizens am BkdarBank of CommerceExchange Nat BankFirst Nat Bank__ __

350,000750,000500,000

1,000,000100,000250,000400,000

1,050,231120,239,224. 624,720 11,630,106

1

288,929 12,829,224

369,869 6,564,42022,197 574,729

a422,430 a3,868,892a683,473 a5,107,688

1

100100100

100

100100

Per400200200

share.500

GEORGIA-Nat. banks Dec. 31; State institutions latest returns.

Atlanta- Per share.American Say Bank 200,000 38,101 279,036 100 100 105Atlanta Nat Bank__ 1,000,000 a1,544,939 a28609131 100 290Central Bk de Tr Cor 1.000,000 622,674 14,435,713 100 155 Citizens & Sou Bk_ 2,000,000 2,748,574 51,921,144 275 Fourth Nat Bank__ 600,000 1,326,994 25,208,274 100 330 Fulton Nat Bk____ 800,000 165,477 6,168,205 100 140Oa Say Bk & Tr Co 200,000 141,000 1,065.000 100 160 165Lowry Nat Bank__ 1,000,000 1,500,962 18,638,709 100 235Atlanta Trust Co.._ 500,000 166,564 828,364 100 110 Trust Co of Georgia 1,000,000 1,569,779 6,613,018 100 350 Augusta- Per share.Augusta Savings Bk 50,000 85,000 1,070,000 100 160 Georgia RR Bank_ 1,000,000 366,117 11,684,719 100 200Merchants' Bank.._ 200,000 349,569 2,476,768 100 220 260Citizens & Sou Bk_ 2,000,000 2,668,813 51,921,044NatExchange Bk__ 400,000 a317,021 3,562.930 100 145 Planters' L dr S Bk_ 50,000 271,149 1.483,042 10 40 45Union Say Bank_ _ _ 100,000 61,997 1,753,599 100 160 Columbus- Per share.Columbus Say Bk_ 200,000 149,147 1,937,884 50 75Fourth Nat Bank__ 300,000 a167,437 a996,724 100 145 150Home Sayings Bank 50,000 12,017 1,039,770 100 105 110Merch & Mech Bk_ 125,000 161,437 1,327,931 100z155 160Nat Bk of Columbus 200,000 228,976 1,507,901 100 175 180Third Nat Bank___ 250,000 409,441 1,515,267 100 205Macon- Per share.Bibb Nat Bank.... _ _ 200.000 50,924 1,509,924 100 102 Citizens dr Sou Bk_ 2,000,000 2,668,813 51,921,044 t Fourth Nat Bank__ 350,000 651,799 16,076,761 100 265 270Macon Nat Bank__ 150,000 o68,869 v2,111,364 100 130 132Sayan na h- Per share.Citizens' &South Bk 2,000,000 2,668,813 51,921,044 100 *270Commercial Bank. 100,000 63,694 1,390,501 100 *110Exchange Bank..... 125,000 128,629 2,138,080 100 *175Liberty Bk dr TrCo 300,000 483,340 2,072,757 WO *175Hibernia Bank ofSavannah ___ 200.000 352,941 6,617,713 100 *175Merc'tileBk&TrCo 200.000 29,864 1,031,823 100 *107Oglethorpe Say &Tr 250,000 232,776 1,366,700 100 *100People's Bank 100,000 81,222 1,600,371 100 *140Amer Bk dr Tr Co_ 200,000 28,077 776,713 100 *95ElayannahBk&TrCo 700,000 917,020 9,172,960 100 *200Citizens' Trust Co.. 200,000 84,507 857,558 100 i57%Chatham Bk&TrCo 800,000 108,756 3,328,439 100

IDAHO-Nat. banks Nov. 17.Boise City-

Boise City Nat Bk_ 250.000 275,842 6,334,836 100 First Nat of Idaho_ 300,000 416,0271 5,480,426 100 Pacific Nat Bank.._ 300,000 91,690 2,529,437 100 Overland Nat Bank 100,000 79,579 2,059,430 100

ILLINOIS-Nat. banks Dec. 31; Slats institutions latest returns.

Capital.Surplus

ce Profits.Gross

Deposits. Par. Bid. Ask.

Aurora- Non inn!.Aurora Nat Bank__ 100,000 277,007 2,386,207 100 430 501)First Nat Bank_ _ 100,000 al85,047 a2,719,075 100, 275 295Amer. Nat Bk__ _ 100,000 179,474 2,209,916 100 300 350Merchants Nat Bk_ 100,000 a214,629 a2,187,272 100 300 325Old Second Nat Bk 200,000 a135,724 81,893,949 100 120 125Aurora Tr & Say Bk 100,000 65,241 640,092 100Chicago- P. shore.

Aetna State Bank.... 200,000 38,027 1,722,434 100 117 125Amer State Bank__ 400,000 336,770 4,116,062 100 190 195Atlas Each Nat Bk_ 200,000 a36,116 a834,425 10 100 105Austin State Bank. 200,000 78,714 4,279,728 100 213Calumet Nat Bank 300,000 a154,760 a3,584,974 100 180

-Capital StateSayBk 200,000 36,847 1,561,100 100 115 12.;Central Mfg Dia Bk 400,000 201,664 4,929,737 100 248 Cont & Corn Nat Bk_ 21,500,000 16,475,727 338207733 100 320 325Corn Exch Nat Bank 5,000,000 10,084,270 119879779 100 398 405Cosmopolitan St Bk 200,000 41,947 1,273,915 100 Depositors State Bk 300,000 197,429 4,049,743 100 200 Drexel State Bank.. 350,000 207,209 5,660,970 100 173 180Drovers Nat Bank._ 1,000,000 513,114 20,012,707 100 230 237Englewood StateBk 200,000 70,459 3,337,968 100 175 180First National Bk_ 10,000,000 14,891,494 217891926 100 488 First Nat Engiew'd 150,000 294,994 5,202,392 100 340 345Foreman Bros BgCo 1,500,000 1,817,492 28,563,218 100 Ft Dearborn N Bk_ 5,000,000 2,559,717 61,613,772 100 210 225Garfield Pk St S Bk 200,000 60,550 2,642,715 100 150 170Halsted St State Bk 200,000 57,997 1,525,722 100 130 140Hyde Pk State Bk 200.000 104,209 2,733,249 100 148 Irving Park Nat Bk 100,000 a51,274 a2,158,070 100 160 Kaspar State Bank 500,000 492,439 9,392,719 100 280 300Krause StateSayBk 200,000 192,837 2,406,970 100Lake View State Bk 200,000 17,871 2,440,772 100 110 115Lawndale State Bk 200,000 116,667 2,796,158 100 240 260Lincoln State Bank 200,000 31,740 1,820,943 100 115 Use Stk Rs Nat Bk_.. 1,250,000 1,022,940 24,584,474 100 260 . 270Mad & Ked State Bk 200,000 90,147 2,762,774 100 200 215Mech & Trad St Bk 200,000 79,717 2,200,071 100 120 130Nat Bk of Republic__ 2,000,000 1,453,049 34,264,263 100 186 191National City Bank 2,000,000 1,280,279 37,413,930 100 178 183Nat Produce Bank 600,000 186,907 5,975,170 100 158 165North Ave State Bk 200,000 72,797 5;411,907 100 112 No Side StateSay Bk 200,000 50,000 2,548,409 100 Noel State Bank.. _ _ 300,000 161,992 4,277,788 100 185 Ogden Ave State Bk 200,000 27,941 1,041,101 100People's Stock Y'ds

State 500,000 406,899 12,868,028 100 325 Phillips State Bank 200,000 52,724 1,363,689 100PloneerStateSay Bk 200,000 51,699 1,654,747 100 140Reliance State Bank 200,000 29,522 3,920,682 100 160 Roseland State S B 200,000 81,200 1,796,300 100 Schiff State Bank.._ 200.000 119,174 3,981,455 100 275 300Second Security Bk 200,000 118,190 3,477,474 100Security Bank 400,000 326,832 6,035,149 100 325 335So Chicago Say Bk_ 300,000 305,000 6,267,183 100 230 250South Side State_ _ _ 200.000 130,024 5,032,702 100 175 State Bk of Chicago 1,500,000 4,512,094 37,979,106 100 455 465Stock Yds Say Bk_ 300,000 323,919 5,447,663 100 425 Union Bank of Chic 500,000 156,391 4,008,487 100 135 150United State Bank.. 200,000 58,173 1,067,099 100 115 Washington Pk N Bk 200,000 97,741 5,352,421 100 250West Englewood-Ashland State Bk 250,000 109,000 2,250,000 100 168

West TownState Bk 250,000 73,770 2,298,876 100 160 Central Tr Co of Ill 6,000,000 2,502,020 63,000,990 100 210 215Chic City Bk& Tr Co 500,000 659,722 5,280,707 100 270 280Chicago Tr Co 1,000,000 451,907 11,340,114 100 145 Cont & Corn T&S B 5,000,000 5,022,099 67,111,476 100Drovers Tr dr Say Bk 250,000 361,991 5,744,237 100 345 First Tr & Say Bk_ 5,000,000 6,771,720 80,541,725 100Ft Dearb Tr & S Bk 500,000 377,509 8,076,771 100 220 Franklin Tr & S Bk 300.000 250,404 3,417,707 100 195 Great Lakes Tr Co_ 3,000,000 614,294 6,821,978 100 124 128Greenebaum Sons'Bank dr Trust Co 1,500,000 1,023,374 19,308,734 100 300 310

Guarantee Tr & Say 200,000 106,347 1,125,058 100 155 Harris Tr & Say Bk 2,000,000 3,800,741 30,598,277 100 575 Home Bk dz Tr Co_ 300,000 135,889 4,285,170 100 169Illinois Tr & Say Bk 5,000,000 10,159,929 120105938 100 400 410Kenwid Tr&Say Bk 200,000 241,219 4,056,794 100 275 290Kimbell Tr dr S B_ 100.000 9,932 953,888 100Lakeview T & S Bk 400,000 265,972 6,300,724 100 190 200Liberty Tr & S Bk_ 250,000 118,554 4,772,700 100 185 205Lincoln Tr dr Say B 200,000 63,449 1,552,660 100 120 125Market Tr dr Bar... 200,000 41,890 1,374,237 100 112 116Mercantile Tr&Say 250,000 142,368 5,067,174 100 165 175Merchants L&TrCo 5,000,000 10,237,694 101537771 100 400 410Michigan Ay Tr Co 200,000 88,747 3,211,128 100 135 150Mid-City Tr & S Bk 500,000 235,277 8,592,462 100 247 255Northern Tr Co Bk 2,000,000 3,812,754 40,612,702 100 320 330Northwn Tr dr S Bk 600,000 283,670 13,544,794 100 265 People's Tr&Say Bk 500,000 458,622 13,151,446 100 265 280Pullman Tr&SayBk 300,000 364,717 3,092,170 100 180 200Sheridan Tr Say Bk 200,000 103,997 5,765,906 100 210 225Sou West Tr & Bar.. 200,000 37,517 2,655,978 100 165 Standid. Tr&Sav BkStockmen'sTrSdc BkUnion Trust Co......W Side Tr & Say Bk

1,000,000200,000

1,500,000400,000

596,004103,396

2,246,747203,237

9,904,7751,622,739

44,425,7009,517,704

100100100100

172140300300

176150325

Woodlawn Tr&S Bk 250.000 176,094 4,716,706 100 250 Elgin-

Elgin Nat Bank...... FirstNat Bank_

100,000200,000

a35,400a168,717

a999,715a1,491,400

100100

Per share.

Home Nat BankUnion Nat Bank....Elgin City Bikig Co

150,000100,000100,000

195,709n30,000264,382

1,696,792n500,0001,705,173

100100

Home Tr & Say Bk 100,000 103,076 1,150,701 100Peoria-Central Nat Bank..Commercial Nat BkDime Say & Tr Co_

300,000750,000250,000

429,1401,291,471282,449

4,498,0328,874,2022,926,019

100100

First Nat Bank..Home Say dr State_

550,000120,000

652,909265,297

7,001,7663,221,263

100100

State Tr dr Say Bk_ 200,000 103,490 1,670,723Merchants & Ill NB 500,000 408,779 6,120,127 100First Tr & Say Bk. 150,000 444,433 3,105,730 100Quincy-

Illinois State Bank_ 300,000 67,707 2,480,714 100Quincy Nat Bank__ 100,000 93,107 1,277,401 100Ricker Nat Bank 500,000 a408,623 a4,894,721 100 Mercantile Tr & S B 200,000 100,000 2,100,000 100State Say L dr Tr Co 1,000,000 604,727 7,008,702 100

'Sale price. a Nov. 17 1919. b Capital to be increased. g Capital paid in; authorized amount is larger. a Ex-tilYi lend Last sale.d Aug. 311919. e June 17 1919. n Dec. 18 1919. 8 New stock. t Sept. 17 1919. oJurie 30 1919. t Includes trust deposits. t Branch ofSavannah.


•;fr:a FEB., 1920.] BANKS AND TRUST COMPANIES 57

Where Names are Printed in italics Fuller Returns may be Found in the Advertising Columns

ILLINOIS-(Concluded.)

Capital.Surplus

ct Profits.Gross


Rockford- S $ $ Per share.orest City Nat Bk 100,000 1207,017 £2,348,254 100 y300anufre Nat Bank 200,000 /184,507 £3,040,238 100 y160'opted Bk dr Tr Co 125,000 256,874 2,412,949 100 y300xkford Nat Bank 400,000 1239,431 /5,577,418 100 y200redish Am Nat Bk 125,000 /116,977 12,145,915 100 y160tird Nat Bank_ __ 250,000 1319,901 /3,810,642 100 y200innebago Nat 13k

Springfield-

250,000 /340,147 /2,394,046 100

Per

y210

share.rst National Bank 500,000 1191,134 /4,121,767 100 ____ blots Nat Bank__ 300,000 140,544 3,194,961 100 dgely- Farm's S B 600,000 162,000 6,744,442 100 'gfield Marine Bk 300,000 667,991 4,784,933 100 ngamonL&TrCo 300,000 48,162 3,479,693 100

INDIANA-Nat. banks Dec. 31; State institutions latest returns.

Evansville- Per shareCitizens' Nat Bank 500,000 209,770 7,150,793 100 200 210City National Bank 350,000 414,439 5,765,746 100 225 235MercantlieCom'l Bk 200,000 136,000 2,250,000 100 175 180North Side Bank_ _ 100,000 50,000 1,100,000 100 145 150Old State Nat Bank 500,000 1100,703 £6,087,124 100 200 215West Side Bank_ _ _ 100,000 138,774 3,013,779 100 200 210Am Tr & Say Bank 200,000 140,917 2,035,408 100 175 200Citizens Tr & S Bk_ 100,000 36,300 837,323 100 Fort Wayne- Per share

first Sc Ham Nat Bk 900,000 270,577 10,602,832 100Lincoln Nat Bank_ 300,000 /260,000 £4,250,000 100Old National Bank_ 350,000 /230,423 15,946,992 100 Citizens' Trust Co.. 200,000 49,009 2,354,410 100 People's Tr & Say Co 200,000 150,391 2,288,908 100Tri-State L & Tr Co 500,000 220,167 8,208,091 100Indianapolis-

Commercial Nat Ilk 300,000 20,091 1,852,013 100 72% Continental Nat Bk 400,000 97,100 5,014,811) 100 111%Fletcher-Am N Ilk_ 2,000,000 1,164,979 26,891,608 100 257Indiana Nat Bank_ 2,000,000 1,814,793 26,033,977 100 280 Live Stock Exch Bk 100,000 168,012 1,718,296 100 382Merchants' Nat Bk 1,000,000 1,157,121 9,195,1:31 100 261

-National City Bank 1,000,000 285,977 4,850,144 100 114 118People's State Bank 100,000 26,177 1,323,905 100 170ketria Tr Sc Says Co 280,000 84,696 1,799,168 100 102Bankers Trust Co.. 250,000 88,912 787,108 100 115 earmers Trust Co_ 100,000 148,299 1,678,919 100 390Fidelity Trust Co.._ 100,000 46,207 1,703,944 100 112% Fletcher Say & Tr_Indiana Trust Co_ _itate Say tic Tr Co_

1,500,0001,000,000750,000

559,991806,95574,340

13,102,7338,168,1212,228,786

100100100

16720595%

215 97A

Security Trust Co_ 200,000 53,716 2,188,092 100 113%Union Trust Co_ _ _ 600,000 895,949 5,017,525 100 J66Wash Bk & Tr Co_ _ 100,000 22,147 1,269,319 100 131 Terre Haute- rnsnal prices

first National Bank 500,000 691,121 3,607,405 100McKeon Nat BankTerre Haute Nat Bk

500,000300.009

460,044215,337

3,439,2862,266,410

100100

Terre Haute Trust_ 800.000 592,174 6,583,961 100United States Tr Co 500,000 164,720 3,032,982 100

roWA-Nat. banks Dec. 31; State institutions latest return,

Burlington- Per shareAmer Say Ilk&TrCo 150,000 561,917 3,915,726 100Burlington Say Bk_ 100,000 35,000 1,850,000 100 first National Bank 300,000 1160,473 12,632,996 100Iowa State Say Bk_ 200,000 :326,641 4,255,712 100 Merchants' Nat Bk 100,000 £106,627 /1,791,197 100Cedar Rapids-

Cod Rapids Nat Bk 500,000 1100,000 114000,000 100 220Ced Rapids Say Bk 200,000 129,070 3,244,766 100 180Iowa State Say Bk_ 100,000 55,399 2,314.795 100 200Merchants' Nat Ilk 300,000 /617,077 111 ,530440 100 300People's Say Bank.. 80,000 58,119 1,669,371 100 225Security Say Bank.. 200,000 153,247 2,467,968 100 200 Amer Tr Sc Say Bk_Council Bluffs-

200,000 117,997 3,287,977 100 200Per share.

City National Bank 120,000 71,827 1,670,462 100Commercial Nat Bk 100,000 47,479 1,171,974 100Conn Bluff Say Bk.. 150,000 233,004 3,344,997 100first National Bank 200,000 230,893 3,996,240State Sayings Bank 80,000 172,619 2,298,788 100Davenport- Per share.

Amer Com Say Bk_ 700,000 1,151,592 15,158,738 100 Davenport Say Ilk_ 300,000 517,527 5,235,714 100 first National Bank 200,000 /253,442 £1,370,891 100 Home Say Bank_ __ 80,000 40,000 1,100,000 100 Iowa Nat Bank.. _ _ 1,10,000 285,142 4,627,761 100 Security Say Bank_ 150,000 127,000 975,000 100 Scott Co Say Bank_ 280,000 407,717 5,791,012 100 Union Savings Bk_ 200,000 289,849 4,904,719 100Citizens' Tr Sc S BkDes Moines-

100,000 40,000

'316,874

961,720 100Per share.

dankers Trust Co_ _ 1,000,000 1-3,038,146 100Cap City State Bk_ 150,000 38,897 2,767,271 100Central State Bank 250,000 273,000 6,223,367 100Commercial Say Bk 50,000 35,796 2,281,261 100Des Moines Nat Bk 750,000 184,841 13,158,019 100Be s Mo Say Ilk_ _ _ 400,000 153,707 4,767,072 100 Des Moines Tr Co.. 75,000 9,387 548,097eirst Trust & S Bk_ 200,000 18,801 1,360,370 100Home Sayings Bank 50,000 45,112 2,108,770 100Iowa Tr & Say Bk.. 50,000 31,667 1,465,367 100Iowa National Bank 1,200,000 839,915 17,403,191 100Mechanics' Say Ilk 100,000 40,001 2.336,211 100People's Say Batik.. 100,000 252,443 5.002,375 100University State Bk 50,000 27,817 616,93(1 100Valley Nat Bank__ 300,000 399,369 3,395,679 100Valley Say Bank_ _ 50,000 188,442 1,922,775 100Iowa Loan Sc 'Fr Co 500,000 616,497 1'7,934,373 100Dubuque- Per

Citizens' State Bk.. 100,000 15,000 500,000 100Dubuque Nat Bank 100,000 25,627 1,437,160Dubuque Say Bank 75,000 50,374 1,103,890 1.00first National Bank 200,000 224,501 3.285.794 100Pioneer Tr &Say Bk 150,000 85,000 1,000,000Union Tr & S Bank 150,000 223,271 2,661,934 100Iowa Tr & Say 13k_ 300,000 227,397 2,392,330 100 Second Nat Bank _ 201.000 75,721 1.467,765 100

lOWA-(Concluded.)

Capital.Surplus

ct Profits.Gross


Sioux City- $ $ $ No minal priestContinental Nat Bk 100,000 118,809 /1,071,598 100 First National Bank 600,000 1248,049 111101,103 100 Iowa State Say Bk_ 100,0011 23,184 3,386,233 100 Live Stock Nat Bk_ 200,000 /112,994 /4,247,558 100 Nat Bank of Comm 100,000 198,760 /3,196,391 100 Northwest Nat 13k_ 100,000 /193,376 £3,088,950 100 Security Nat Bank.. 250,000 /428,909 /5,825,963 100 Woodbury Co S Bk 50,000 165,217 3,266,363 100 Farmers' LA, Tr Co 250.000 111 004 1 R571)0R Inn

KANSAS-Nat. banks Dec. 31; State institutions latest returns.

Kansas City- Per share.Commercial Nat Bk 300,000 600,947 8,651,342 100 400 Exchange State Bk 200,000 53,327 2,702,676 100 200People's Nat Bank.. 200,000 82,412 2,279,688 100 160 Banking Trust Co_ 100,000 10,000 180,000 100 Kansas Trust Co_ - 125,000 135,523 610,653 100 250Topeka-

Bank of Topeka__ 310,000 355,277 5,509,962 100Central Nat Bank_ 200,000 159,039 4,069,192 100Farmers' Nat Bank 100,000 /35,110 £826,217 100New Valley Nat 13k 100,000 34,107 315,732Merchants' Nat Bk 200,000 148,447 3,781,342 100Shawnee State 13k_ 60,000 58,041 1,222,135 100State Say Bank____ 100,000 38,500 1,920,000 100Central Trust Co__ 200,000 41,724 961,405 Prudential Trust Co 100,000 127,974 937,705 100

KENTUCKY-Nat banks Dec. 31; State institutions latest returns.

Covington- Per char.Citizens' Nat Bank 200,000 /199,424 £1,405,700 100 165 175First National Bank 600,000 /223,599 £3,714,910 100 130 135Liberty Nat Bank.. 350,000 115,000 2,303,961 100 125 135Covington S B & 'FrPeople's S Bk Sc Tr_

100,000100,000

60,66743,910

912,443796,162

100100

141iia .

Lexington- Per ahm

Fayette Nat Bank_ 300,000 /355,191 /2,180,600 100 215First Sc City Nat Bk 800,000 /159,674 /3,019,053 100 188 14.,

Phoenix&Third N B 800,000 /143,699 /3,906,724 100 145% 150Second Nat Bank__ 180,000 £182,109 /1,092,803 100 220 225

Louisville- Per shareCitizens'Union Nlik 1,000,000 1,832,977 22,344,919 100 c328 330First National Bank 800,000 266,149 5,475,730 100 a280 300Liberty Ins Bank__ 500,000 781,522 12,891,395 100 500 525Security Bank_ _ _ 200,000 252,707 2,212,036 100 235Kent Tit E3 B Sc TCo 11250,0001 119,736 1,917,172 1100

Ig100,0001 1100 100 110Lincoln Say B Sc Tr 500,000 138,420 2,279,818 100 140 148Loulsy Nat Bkg Co 250,000 101,947 4,480,651 100 160 170Nat Bk of Kentucky 2.500,000 2,729,141 37,411,434 100 340 343Stock Yards Bank.. 100,000 86,444 1,227,832 100 178 200Fidelity Sc ColumTr 2,000,000 866,371 3,571,204 100 Louisville Trust Co 806,100 272,719 2,089,919 100 165 167United States Tr Co 350,000 131,309 928,175 100 110 120

Newport- Per share.Amer Nat Bank _ 100,000 /123,437 /1,076,258 100 185 200Newport Nat Bank 100,000 140,000 1,891,726 100 217

LOUISIANA-Nat banks Dec. 31; State institutions latest returns.

New Orleans-Per char.American 13k Sc Tr_ 200,000 40,4141 809,057 125 -----Citizens' 1.3k&Tr Co 400,000 250,647 7,557,715 IOU 250Canal-Com Nat Bk 500,000 880,171 14,928,724 100 450Canal-Commercial

Trust Sc Say Bk 4,000,000 2,171,905 57,645,018 100 255 260Trit-State Tr Sc BCo 750,000 680,337;11,208,300 100 275Liberty Bank Sc Tr_ 200,000 29,240 1,076,449 142 Marine Bk Sc 'Fr Co 1,000,000 286,909 21,395,929 100 270 280Pan-Amer Bk Sc Tr 800,000 551,530 6,501,268 100 195 ivhitney-Cent N B_ _ 2,800,000 2,235,728 44,428,950 100 355 360Hibernia Bk& Tr Co 2,000,000 2,891 307 55,261,702 100 447% 455Whitney-Cent Tr ScSayings Bank 200,000 759,973 20,901,901

Shreveport- Per 8110

American Bk&T Co 100,000 59,307 637,169 100 American Nat Bank 150,000 £82,579 13,362,916 100 City Say B &Tr Co 500,000 193,072 4,636,363Commercial Nat Bk 500,000 623,497 20,395,700 100 First National Bank 1,000,000 /301,327 110561,020 100 Contin'i 13 Sc Tr Co 300.000 105.946 2.062,710 100

MAINE-Nat. banks Nov. 17; State institutions latest returns.

Bangor- Per ahr-.

First National Bank 400,000 490,901 5,072,721 100 150 160Merchants' Nat Bk 100,000 265,544 1,293,999 100 280Eastern Tr&Bkg Co 175,000 678,362 7,044,964 100 350 Merrill Trust Co _ _ 300,000 457,444 6,659,266 100 270 300Portland- Per share

Canal Nat Bank__ 600,000 544,027 3,032,489 100 Chapman Nat Bank 100,000 62,376 3,090,308 100 First National Bank 600,000 o519,640 v6,090,987 100 Portland Nat Bank 300,000 606,431 7,171,702 100 Fidelity Trust Co__ 400,000 634,517 13,150,211 100 Casco-Merc'titile Tr 500,000 352,118 8,610,940 100 Union S D Sc Tr Co 250,000 367,017 936,433 100 ITS Trust Co. 100,000 193,249 1,949,344 100

MARYLAND-Nat banks Dec. 31; State institutions latest returns.

Baltimore- Per shareAmerican Bank _ 300,000 218,076 3,160,923 100 *111Bait Comm'l Bank.. 500,000 171,914 3,603,345 100 Calvert Bank.. 100,000 128,709 5,774,757 80 *101 Canton Nat Bank_ 100,000 1.14,000 /1,879,000 100 Citizens' Nat Bank 1.000,000 2,733,741 23,929,268 10CommonwIth Bank 200,000 158,427 4,240,055 80 * 89U Drov Sc Mechanics'Nat Bank..... 600,000 603,770 12,831,771 100 *206

Farm Sc Mer N 13k 650,000 323,708 4,503 717 40 *45 Mercantile Bank.. 100,000 155,289' 2,934,286 25 NI arch - Niech 1st Nat 2,500,000 2,186,427 41,824,893 10* 30 Nat Bank of Baltirn 1,210,700 700,337 13,744,301 100 41186 Nat Bank of Comm 750,000 11,110,791 110418,236 15 *38 ANat Cent Bk of Bait 400,000 359,912 3,309,036 100 *13:33,/Nat Exchange Bank 1.500.000 1,151,177 12,562,717 100•161

*Bale price a Ineliiites one-half share of Kent. Tit. S. B. Sc Tr. coin, stock. z Ex-dividend n Aug. 31 (918. r Nov. 1 1918. a Apr. 18

t trichrilea dab mtitrA4 r Sept. 12 1011). t, Last sale. e June 17 1919. f Common. Preferred. d Dec. 21 1918. t Nov. 17'

1010. b New Stock. c Unified Includes Fld. & Col. Tr.


58 BANKS AND TRUST COMPANIES [VOL. no.Where Names are Printed in Italics Fuller Returns may be Found in the Advertising Columns

MARYLAND--(ContInued.)


GrossDeposits. Par. Bid. Ask...........----

Balt. (Con.)- $ $ $ Per share.Nat Marine Bank__ 400,000 257,197 3,924,403 30 *41% NU Un Bk of Md__ 1,000,000 766,474 11.029,523 100 *152 Old Town Nat Bk_ 250,000 e161,839 e2,803,271 10 *13 Park Bank 130,000 52,927 1,751,731 10 Seaboard Bank_ _ _ _ 100,000 40,744 1,714,725 10 Second Nat Bank__ 500,000 1,356,701 3,757,978 100 *300 Western Nat Bank_ 500,000 556,244 5,765,024 20 *32 Baltimore Trust Co 1,000,000 2,302,374 15,672,719 50 *160 Colonial Trust Co_ 300,000 99,274 1,580,709 25 *25 Commerce Tr Co.._ 500,000 145,741 758,223Continental Tr Co_ 1,350,000 1,596,097 7,733,579 100 *192 Fidelity Trust Co__ 1,000,000 1,635,372 14,293,410 100 *315 M'di'd Tr Co 1,000,000 385,070 9,914,044 100 *1133 Mere Tr &

Dep_- ,._ 1,500,000 3,476,512 19,919,970 50 *213

Equitable Trust Co 1,000,000 570,774 12,798,782 25 *46Y1, Safe Dep de Tr Co__ 600,000 2,895,725 4,464,902 100 *900 Title Gu & Tr Co__ 200,000 301,449 6,836,320 100 *205Union Trust Co___ 500,000 424,502 7,222,735 50 *92%

Frederick- Per share.Citizens' Nat Bank 100,000 400,629 5,195,568 100 500 Comm'l State Bank 80,000 35,000 1,560,663 100 Far & Mach Nat Bk 125,000 161,747 2,313,449 25 58Franklin Say Bank_ 90,000 43,677 788,450 100 145Fred'k Co Nat Bk_ 150,000 54,579 1,326,000 15 21Fek Town Say Inst k150,000

OnA nnn171,149nna A,,

2,633,236n nnn nnn

100rn

190inn

1111ASSAC1IUSBTTS-Nal.bka.(eze. Boston) Dec. 31; 8 ate inst. latest ref' na

tfloston- Deposits of banks date Jan. 31 1 920 Per share.Back Bay Nat_.._ 200,000 e42,592 6845,539Boylston Nat Bank 700,000 466,377 7,866,000 100 125 135Citizens Nat Bank..a 500,000 e296,099 61,631,255 100 150 153Commercial Nat Bk 250,000 318,200 2,728,000 100 160 .__ _First National Bank 7,500,00019,870,136 171619000 100 585 595Fourth-AtlantlicNat Bank 1,500,000 2,329,422 26,589,000 100 255 275

Mattapan Nat Bk_ 200,000 22,471 :977,976 100 Merchants' Nat Bk 3,000,000 4,267,124 52,085,000 100 287 292Nat RockBk of Rol 300,000 647,232 t6,993,864 100 305 325Nat Security Bank_ 250,000 1,027,479 3,073.000 100 425 450Nat Shawmut Bank 10,000,000 9,991,712 128703000 100 295 300Nal Union Bank__ 1,000,000 1,588,970 10,932,000 100 215 225People's Nat, Roth 300,000 397,741 :5,827,100 100 *160 170Second Nat Bank__ 2,000,000 63,894,703 34,256,000 100 340 355Web & Atlas N Bk_ 1,000,000 1,575,003 10,014,000 100 220 225b.merican Trust Co 1,000,000 2,659,099 24,654,436 100 400' 405Beacon Trust Co__ 600,000 1,408,222 18,517,237 100 317 325Boston S Dag) dr Tr 1,000,000 3,307,339 14,245,756 100 Charlestown Tr Co 200,000 53,937 1,415,732 100 125 130Columbia Trust Co 100,000 75,422 1,055,594 100 155 165Comm'w'ith Tr Co_ 1,000,000 1,069,759 25,267,483 100 200 210Cosmoplin Tr Co__ 400,000 431,819 7,613,747 100 Dorchester Tr Co__ 300,000 125,570 2,753,542 100 Equitable Tr Co__ 500,000 222,401 3,169,335 100Exchange Trust Co 600,000 571,632 7,064,262 100 138 145Federal Trust Co__ 1,000,000 377,979 10,0.53,983 100 140 145Fidelity Trust Co..- 2,777,000 765,720 9,715,281 100 116 120Hanover Trust Co_ 200,000 52,731 2,492,403 100Elub Trust Co 200,000 63,919 607,611 100 Hyde Park Tr Co__ 200,000 63.201 1,399,381 100 __ ._ _ . _ _ _Enternational Tr Co 1,500,000 2,147,821 23.143,722 100 325 335Famalca Plain Tr _ 200,000 33,710 809,407 100Liberty Trust Co__ 200,000 380,907 4,633,661 100 290 Market Trust Co.._ 400,000 152,517 2,015.921 100 115 125k4 assachuels Tr CoLeco.,....-11...- eri. Co

500,000mnnnnn

467,422Mq7 Qqa

8,991,6757 7,17 (1,17

100inn onn oinIP • WA I OM 4 1

New ag Trust Co..p

1,000,000 3,350,167 24,227,421 100Old Colony Tr Co _ 7,000,000 9,997,090 131971089 100 295 300Prudential Tr Co.._Puritan Trust Co..

200,000200,000

55,407223,211

2,479,9702,279,294

100100 190 215

South Boston Tr Co 200,000 71,876 1,410,317 100State St Trust Co__ 1,000,000 3,213,690 33,705,918 100Tremont Trust Co.. 200,000 113,190 5,136,178 100 13 8 Trust Co__- 1,000,000 1,209,576 10,292,433 100Winthrop•Tr Co__

Beverly-

100,000 32,671 528,379 100

Per share.Beverly Nat Bank.. 300,000 225,014 2,015,426 100 147Beverly Trust Co....

Brockton-

100,000 45,691 832,168 100 *115

Per share.Brockton Nat Bank 300,000 427,597 5,614,911 100 150Home Nat Bank.. _ 500,000 391,971 5,020,679 100 *161Plym'th Co Tr Co.. 100,000 88,337 2,155,891 100 120 125

Cambridge- Per Aare.Cambridge Tr Co __ 100,000 190,000 3,181,100 100 323 375Central Trust Co.._ 200,000 563,440 2,896,023 100 375 123Charles Rly Tr Co.. 200,000 229,599 2,635,725 100 210 225Harvard Trust Co_

B. Cambridge-

200,000 353,575 4,638,322 100 180

Per

190

shareLechtnere Nat Bank

Fall River-

100,000 140,499 1,302 410 100 215

Per

225

share.Fall Riv Nat Bank.. 400,000 e333,119 e 1,170,701 100 155First National Bk_ 400,000 e176,931 e3,128,381 100 210Massasoit - PocassetNat Bank 650,000 e577,527 4,831,263 100 102 y6

Metacomet Nat Bk 733,000 6132,271 85,558,493 100 125Durfee Tr Co

Fitchburg-

400,000 621,83:3 3,491,513 100 210

Per share.FItchb'g Bk &TrCo 500,000 417,790 4,272,107 101 145 150Safety Fund N Bk. 200,000 470,741 4,323,990 100 285 300

Gloucester-Cape Ann Nat Bk_ 150,000 174,376 1,763,512 100Cape Ann Say Bank 407,721 3,632,369

.Gloucester Nat Bk. .100,000 147.177 1,479,729 100 Glou S D Tr Co___ 200,000 306,141 3,333,891 101

Haverhill- • Per shire.Essex Nat Bank__ 100,000 8106,091 e2,292,335 100First National Bk. 200,000 e392,467 e 1,459,701 100Haverhill Nat Bk_ 200,000 507,309 3,667,263 100Merrimack Nat Bk 240,000 e331,141 61,782,453 100 -----Haverhill Trust Co 200.000 137,317 2,723,530 100

MASSACHUSETTS--(Continued.)

Capital.Surplus

ds Profits.Gross


Holyoke- Per shareCity National Bk__ 500,000 252,779 2,950,449 100 120Holyoke Nat Bank_ 200,000 e338,922 03,979,909 100 200 210Park National Bk_ 100,000 129,147 1,443,994 100 110 115Hadley Falls Tr Co 500,000 310,976 5,396,109 100 160

Lawrence- Per ahare.Bay State Nat Bk_ 375,000 207,247 2,358,096 100 175 Arlington Trust Co 200,000 40,390 1,696,377 100 00 , Lawrence Trust Co 100,000 73,673 6,657,498 100 170 Merchants' Tr Co.. 300,000 273,574 5,577,168 100 *165

Lowell- Per shareAppleton Nat Bank 300,000 e298,394 e2,157,429 100 114 Old Lowell Nat Bk_ 200,000 e124,620 e3,254,938 100 105 Union Nat Bank___ 350,000 607,897 4,823,405 100 220 Wamesit Nat Bank 250,000 e138,748 e848,752 100 100 , Lowell Trust Co.._ _ 240,000 106,787 3,346,846 100 100 Mid'sex S D & T Co 100,000 57,881 1,573,903 100 150

Lynn- Per shareCentral Nat Bank_ 200,000 71113,992 n4,509,102 10)) 230Manufac'rs Nat Bk 200,000 159,292 4,231,719 100 140National City Bank 200,000 el96,917 e1,115,967 100 150Essex Trust Co ____ 250,000 328,432 3,163,174 100 175 Lynn S Dep & T Co 100,000 303,191 4,175,947 100 320 Security Trust Co.. 200,000 392,009 7,427,700 100 220 I

New Bedford- Per shareFirst National Bk_ _ 500,000 733,397 8,079,225 100 250 I Merchants' Nat Bk 1,000,00(1 1,397,999 7,008,808 100 205N Bed S D & Tr Co 200,000 373,391 4,904,899 100 280 300

Peabody- Per charsWarren Nat Bank_ 200,000 143,997 2,383,1,17 100 120

Salem- Per shareMerchants Nat Bk_ 200,000 e334,464 e2,824,171 50 85Naumkeag Tr Co.._ 250,000 231,411 4,662,063 100 175Salem Trust Co ___ 200,000 30,942 1,4,0,275 100 100

Springfield-Chapin Nat Bank.._ 500,000 378,472 4,075,095 100 140Chicopee Nat Bank 500,000 611,820 6,531,487 100 220 Springfield Nat Bk_ 500,000 920,737 8,031,033 100 235 240Third Nat Bank.... _ 500,000 e901,202 e12223 961 100 240 250Commercial Tr Co _ 350,000 160,520 3,160,263 100 130Springfield S D & T 500,000 1,1(17,017 8,193,388 100 250 200Union Trust Co___ 500,000 1,245,929 11,937,725 100 300

Taunton- Per share.Machinists' Nat Bk 200,000 162,911 897,81:3 100 Bristol County Tr._ 300,000 185,027 3,421,103

Worcester- Per share.Mechanics' Nat lik 200,000 485,103 10,539,701 100 275if erchants' Nat Bk 1,000,000 1,036,071 19,125,782 100 215 Park Trust Co__ _ _Worcester Bk Tr Co

300,0001,250,000

152,407863,874

c5,864,79327,180,272

100100

105205 215".

M1CHIOA1;1 -N at. banks Dec. 31; State institutions latest returns.

Bay City- Per share.Bay City Bank 250,000 322,121 4,172,931 100 People's Commer

cial .3: Say Bank 403,000 556,639 8,403,13) 100

Detroit- Per shire.Amer State Bank _ 500,000 292,617 13,192,222 100 108 201Bank of Detroit.... 1,000,000 556,191 19,397,318 100 Central Say Bank .. 1,003,000 38.5,111 17,602,331) 100 Com'wealth FederalSayings Bank._ 750,000 119,070 9,633,521 100

Detroit Say Bank__ 750,000 1,31:3,721 25,114,227 100 300Dime Says Bank...._ 1,000,000 1,680,768 36,409,371 100 305 340Pirst ,.st Old Nat BkFirst State Bank...._

3,000,0001,000,000

4,302,121421,031

81,081,96812,532,392

100100-- _180

253

Merchants' Nat Bk 1,000,000 741,911 1:3,511,772 100 11)0 Nat Bk of Com'co. 1,000,000 1,36(1,277 :10,907,074 100 260 Peninsular State Bk 2,500,000 1,422,171 31,176,919 100 220 People's State Sink.. 2,500,000 5,169,197 115501 ,12:1 100 355 United Sayings Bk _Way neCo IloSay BkDetroit Trust Co__Security Trust Co_

500,0003,000,0001,000,000500,000

216,1724,659,2772,718,1111,075,9(1(3

5,962,9(1773,313,181g7,993,933g3,716,937

100100100100

209-

Fisr280

5i5__

Union Trust Co...._ 1,000,0(1( 850,721 g5,189,793 100 197 200

Grand Rapids- Per shamCity Tr & Say Bank 200,000 120,790 2,213,9911 100 _ .-Corn'clal Say Bank 300,000 80,767 2,971,761 100 215 220Fourth Nat Bank_ _ 300,000 281,037 4,351,173 100 210 220Dr Rap Nat C'y Bk 1,000,000 402,467 8,610,1:39 100 140 150Dr Rapids Say Bk. 400,000 317,660 0,318,230 100 250Kent State Bank__ 500,000 767,871 10,393,435 100 235 245Old National Bank.. 800,000 1,016,932 11,314,703 100 200People's Say Bank.. 200,000 120,690 2,069,131 100 105 Grand Rapids Tr Co 300,000 174,817 g351,718 100 150 155Michigan Trust Co 200,000 1,035,3710,625,381 100 800

Saginaw- Per shareBank of Saginaw... 500,000 927,541 15,959,527 100 *375Commercial Nat Bk 100,000 110,497 1,121,298 100 *200Amer State Bank__ 200,00 136,020 3,557,035 100 *210People's Say Bank..Second Nat Bank__

100,000500,000

131,009 2,234,000738,800 9,977,826

100100

*218

11,275

• Sale price. a Capital to be increased. b New stock. k This is the so-called "weekly deposits," now forming capital on which dividendsare paid. s Ex-dividend l Last sale. n June 30 1919 ir Dac. 10 1919 d May 10 1918. g Includes trust deposits. • Nov 17 1919. a Sept.12 1919. t Saying deposits not included In trust company returns. a Includes savings deposits. t Dec. 31 1919.


FEB., 1920.] BANKS AND TRUST COMPANIES 59

Where Names are Printed In Italics Fuller Returns may be Found in the Advertising Columns

MINNESOTA-Nat banks Dc c. 31; State tnatitutions latest returns

CiFlNo

BaFlNoHeMEMEMEMIMINoStSoUnMI

AirCaCeFirMEMENaNaStOsMe

Capital.Surplus

db Profits.Gross

Deposits.

.

1

o

. 0000000000 00000. 00000000 0000

I -.

t 000000000.0 000001 00000000 0000

Bid. Ask

Duluth- $ $ $-

Per shcre.

ter Exch Nat Bk 1,000,000 1,818,147 16,737,729y National Bank 500,000 447,569 5,623,795at National Bank 1,000,000 2,237,397 19,085,670rthern Nat Bank 500,000 310,288 4,314,342 .. __

Minneapolis- Per share

nkers Nat Bank 800,000 221,847 1,656,965 100 at&Secur Nat 13k 5,000,000 5,483,117 76,557,711,rth Amer Bank- 200,000 273,774 5,493,341 220

nnepinCoSay Bk 250,000 372,507 8,700,079 260

avantile State Bk 300,000 75,577 2,173,984 118

nil & Mfg St Bk 100,000 72,792 1,752,471 190 Mum Nat Bank_ 500,000 146,176 4,031,838 133 dland Nat Bk __ 1,000,000 551,879 18,748,794 210

nneapolis Tr Co_ 1,000,000 581,551 2,446,426rthwest Nat Bk. 4,000,000 3,043,309 54,121,898 a270

Anth'y Falls 13k.. 300,000 123,076 5,025,490 160 - -

ith Side State Bk 100,000 83,237 2,691,370 250ion State Bank_ 100,000 100,297 2,477,923 170 nn L'n at Tr Co_ 1,000,000 946,471 6,343,271It. Paul- Per share.

ierican Nat Bank 400,000 162,376 4,760,186 *150Coital Nat Bank_ 500,000 294,834 8,694,935 *165 atral Bank 200,000 70,322 2,184,117 *300at National Bank 3,000,000 2,927,917 40,414,404irchants' Nat Bk 2,000,000 2,209,400 30,833,130 245 250

itropolitan Bank 100,000 42,000 1,200,000 *165 I Bank of Comm 400,000 161,704 3,914,712 *170 t Exch Bank_ __ 300,000 110,300 1,882,832 *140 et Yards Nat Bk 350,000 279,997 7,201,477 200 220

pital Tr & Say Bk 250,000 101,234 3,030,217 300,rch Tr & Say Bk 500,000 282,323 1,727,163

MISSISSIPPI-Nat. banks Dec 31; State snstitutions latest returns.

Jackson-Capital Nat Bank FirstNat Bank____Jackson-State N Bk

• March Bk & Tr Co_Vicksburg-

Amer Bank & Tr CoCitizens' Nat BankFirst Nat Bank__ _Merchants' Nat Bk

200,000100,000200,000250,000

150,000100,000300,000100,000

213,647192,54968,577109,767

14,012e59,494

e223,594e475,410

2,773,9951,592,7031,856,3704,519,734

987,380e443,986

.2,321,338e2,073,928

100100

25100100100

Per share.

......

25 150150 160400

MISSOURI-Nat. banks Dec. 31; Stale institutions latest returns.

Kansas City-Central Exch Bank 200,0001 44,887 1,349,417City Bank of K C_ 100,000 22,334 1,694,669Columbia Nat Ilk__ 500,000 82,209 2,73 ,2 6Com'wealth Nat Ilk 250,000 r575,207 13,126,464Continental Nat Bk 1,000,000 105,927 2,552,088Drovers' Nat Bank 1,000,000 192,571 15,072,674First Nat Bank__ 1,000,000 2,941,398 47,368,164Gate City Nat Bk_ 200,200 113,112 4,186,790It-State Nat Bank 500,000 1,295,734 14,892,492Live Stock State 13k 200,000 51,637 2,032,937Merchants' Dank__ 100.000 52,977 1,745,751Metropolitan Bank. 250,000 40,717 848,466Midwest N 13 dr Tr 1,000,000 286,824 9,836,704Nat Reserve Bank_ 1,000,000 241,771 10,840,964New Eng Nat Bank 1,000,000 1,000,000 23,998,231Produce Exch Bank 100,000 99,775 1,878,170Security Nat Bank_ 200,000 105,969 2,131.135Nat Bank of Comm 4,000,000 1,827,477 64,276,774Traders' Nat Bank_ 200,000 68,947 5,683,467State Bank 100,000 80,067 1,803,464Stock Yds Nat Bk_ 300,000 130,230 2,722,746Western Exch Bank 250,000 110,000 2,491,170Westport Ave Bank 100,000 81,702 1,029,322Citizens Say Tr Co_ 100,000 28,710 1,200,435Commerce Tr Co.. 1,000,000 1,145,307 40,538,370Fidelity NatBk&Tr 2,000.000 1,084,172 33,454,188Guaranty Trust Co. 500,000 48,897 225,000Liberty Trust Co 250,000 42,390 2,838,433Mercantile Tr Co.- 200,000 100,630 2,604,425Peoples Trust Co 250,000 91,294 4,305,778Pioneer Trust Co 267,500 406,462 3,780,914Fidelity Says Tr Co 250,000 114,710 3,566,915St. Joseph-

Burnes Nat Bank 200,000 .193,677 .4,501,221First Nat Bank 500,000 483,870 7,988,728Amer Nat Bk 200,000 .259,209 .8,096,131St Jos Stk Yds Bk_ 250,000 250,000 5,300,000Tootle-Lacy N Bk. 200,000 e244,134 88,659,707Missouri Val Tr Co 100,000 36,602 1,136,900St. Louis-

Baden Bank 100,000 45.764 1,414,160Boatmen's Bank_ 2,000,000 944,392 20,793,336Bremen Bank 200,000 621,377 4,672,903Cass Avenue Bank_ 100,000 176,324 2,620,097Central Nat Bank_ 1,000,000 .463,619 018 730530Chippewa Bank_ 100,000 117,761 2,035,342First Nat Bank 10,000,000 5,736,224 134502647Franklin Bank 600,000 853,974 8,335,946Grand Ave Bank 100,000 61,800 2,192,606Internal Bank St L 500,000 649,907 6,922,046Jefferson Bank__ 200,000 71,914 2,792,379Jeff-Gravols Bk.. 200,000 82,997 1,519,701LafayetteSoSide Bk 800,000 509,269 13,849,126Liberty Bk of St Lo 1,500,000 1,247,944 16,209,666Lowell Bank 100,000 27,971 1,453,702Manchester Bank 250,000 142,467 3,310,109Merch Laclede Nat 1,700,000 01,905,767 19,660,992Nat Bank of Corea). 10,000,000 3,980,194 72,661,114Night & Day Bank_ 150,000 57,244 2,273,773Northwestin Bank_ 200,000 593,211 6,765,122South'n Corn & Say 100,000 155,371 2,263,832State Nat Bank 2,000,000 81,009,373 e18 883947United States Bank 1,000,000 750,517 10,642,459American Trust Co 1,000,000 210,027 8,899,304B'way Say Tr Co 100,000 130,779 1,942,712Chouteau Trust Co 100,000 41,617 1,090,503City Trust Co 100,000 23,867 1,604,541Easton-TaylorTrCo 100,000 45,547 692,233Farm & Mer Tr Co_ 200,000 41,241 2,800,219Laclede Trust Co 100,000 05,514 1,237,385Mercantile Tr Co 3,000,000 7,222,112 52,603,776Miss Vail Tr Co_ 3.000.000 5,889,091 26,688,339Nor St L Say Tr Co 100,000 104,972 1,778,402St L Union Tr Co Does no banking businessSavings Trust Co 100,000 31,244 1,147,390South Side Tr Co 200.000 54,917 1,887,162Vandeventer Tr Co 50,000 11,070 884,181West St L Trust Co 100,000 41,729 1,273,631

Per1001 164 '100 214100 166100 700100 124100 224100 780100 215100 770100 200100 180100 144100 200100 175100 300100 275100 225100 358100 210100 2401001 k215100 220100 300100 187100 400100 323100 150100 150100 300100 200100 290100

100 100 100 100 100 100

Per100 145100 134100 100 250100 160100 251)4100 217100 297)4100 240100 260100 100100 140100 285100 200100 105100 200100 250100 144100 90100 310100 100 100 184100 ---100 205100 135100 109100 140100 145100 140100 378)4100 292100 205100 280100 125100 100 80100 130

Per

share.171217171

126228790

200147203185305

HO"-

226

15 --OW-

253-share.

share.

255

210

250 •262A

65--295205110

27014595

185190

iio115150

150

MONTANA-Nat. banks Dec. 31; State institutions latest returns.

Capital.Surplus Gross

Prolits. Deposits. Par. Bid.

Butte-First Nat Bank_Miners SBk &TCoSliver Bow Nat Bk_Daly Bank & Tr CoHelena-

Amer Nat Bank_Nat Bk of MontanaMontana Tr JESaBkConrad Tr & S Bk.Union Bk & Tr Co.

300,000200,000200,000100,000

200,000250,000150,000200,000250,000

$ I $710,8971 7,680,78565,571 1,545,677e38,764 e2,192,406450,1451 5,989,944 100

255,324/ 4,259,859 100145,074' 2,761,994 10094,798 1,724,792 100145,000 2,225,3071 100472,9711 4,575,177 100

Per

Ask.

share.

NEBRASKA-Nat. banks Dec. 31; Stage institutions latest returns.

Lincoln-Central Nat Bank. CityNat Bank--First Nat Bank_---First Say Bank....Nat Bk of Com'ce-Omaha-

Corn Exch Nat Bk. FirstNat Bank- --Live Stock Nat Bk_Merchants' Nat BkNebraska Nat BankOmaha Nat Bank__Packers Nat Bank_Stock Yds Nat Bk_State Bank U S National Bk...

150,000300,000525,000105,000200,000

300,0001,250,000500,000

1,000,000500,000

1,000,000200.000750,000300,000

1,100,000

115,690 2,492,703! 100121,992 4,924,472 100501,4771 5,309,003i 10071,601 1,920,375 100

251,000 3,563,193' 100

194,9841 3,038,700 100705,177119,638,968! 100250,907I 8,856,702' 100

, 765,920 14,640,708 100216,519. 3,908,666 100

1,375,17729,242,044' 100191,579' 4,374,590 100

1,131,393 10,563,846 10076,000 4,500,000 100

1,062,777 21,263,7911 100

Per

200

160200300220150290178265130285

share.

225

225325

ii8-

535-

NEW HAMPSHIRE-Nat. banks Dec. 31,

Manchester-Amoskeag Nat Bk.First Nat Bank.... ManchesterNat BkMerchants Nat Bk_

200,000150,000150,000150,000

538,4071 4,317,735209,4911 1,794,744294,409 2,521,73172,097 1,519,932

100100100100

Per share.

NEW JERSEY-Nat. banks Dec. 31; State institutions latest returns.

Asbury Park- IMb Pk & Ocean GriMerchants Nat BkAsbury Park Tr CoSeacoast Tiust Co

Atlantic City-AtianticCity Nat BkBoardwalk Nat Bk.Chelsea Nat Bank. SecondNat Bank.. UnionNat Bank__-Atlantic SD & Tr CoGuarantee Trust CoEquitable Trust CoMarine Trust Co--Bayonne-

Bayonne Trust Co_Mechanics' Tr Co-Bridgeton-

Bridget,m Nat Bk_Cumberland Nat BkFarm& Mar Nat BkCumberland Tr Co_Camden-

Camden Nat Bank_First Nat Bank- _National State Bk_Camden S D & T CoBroadway Tr Co__Central Trust Co-Merchants' Tr Co. _Security Trust Co_West Jersey Tr Co_East Orange-

East Orange Bank.Say Inv & Tr Co--Essex County Tr CoElizabeth-

Elizabethport B CoNational State Bk_Elizabeth Tr Co_Union Co Trust CoHoboken-

First Nat Bank_Second Nat Bank.. ColumbiaTr Co_-_Hoboken Trust Co_Hudson Trust Co-Jefferson Trust Co_Steneck Trust Co _Trust Co of N J...

Jersey City-Claremont Bank.--First National Bank!Judson Co Nat IlkMerchants' Nat BkComm'i Tr N J____Greenv Bk & Tr CoLincoln Trust Co__Mercantile Tr Co__N J T Ght & Tr Co_Union Trust Co__Long Branch-

Citizens' Nat BankLong Branch Bkg CoMorristown-

First Nat Bank_ __National Iron Bk__American Trust CoMorristown Tr Co_Mt. Holly-

Mt Holly Nat BankUnion Nat Bank_ __Farmers' Trust Co_Newark-

American Nat BankBr'd A Market N BMfrs' Nat Bank__Merchants' Nat BkNat Newark &Essex

Bkg Co National State BkNorth Ward Nat B

200,000100,000100,000100,000

50,000200,000100,000100,000100.000150,000600,000200,000100,000

200,000200,000

100,000150,000150,000150,000

100,000200,000500,000500,000100,000100,000100,000100,000100,000

50,000500,000200,000

250,000350,000100,000300,000

220,000250,000100,000100,000

1,000,000.200,000100,000600,000

100,000400,000250,000200,000

1,000,000100,000303,000100,000

1,000,000500,000

100,000100,000

200,000200,000150,000600,000

100,000100,000200,000

300,000200,000350,000

1,000,000

2,000,000500,000200,000

398,57334,16053,00092,497

600,714144,827146,474330,169182,990518,867421,744152,727210,271

166,464465,297

258,972585,97495,099186,293

e265,817e469,491e817,879867,699183,469352,41283,768233,379149,121

43,297320,591273,197

122,935852,23158,327388,727

746,390270,00067,790162,967

1,308,037126,144141,692858,222

104,4301,332,901e820,00058,734

2,550,007101,203523,30193,000

1,181,991159 467

v202 000168.994

227,63769.09240,144

417,213

75,970138,21072,467

201,747100,567496,121

1,347,004

3,380,5261,045,2701,004,8512,065,215 __

3,723,922 1001,312,187 1002,269,672 1003,383,9611,725,470 1004,288,764 1003,543,995 2,015,748 2,642,900 100

4,821,173 1008,899,026 50

2,248,2132,323,8021,179,563 1001,468,530

e5,577,571 100e5,326,741 100e8,247,707 10010,485,919 253,381,696 1003,031,258 252,288,017 1004,166,230 1002,478,319 100

1,652,460 1007,623,443 1005,495,203 100

4,717,072 1007,267,817 501,636,119 1008,370,940 100

9,690,969 259,164,742 100969,714 100

3,740,371 10023,367,793 1004,160,767 1004,478,619 10029,767,192 100

3,594,000 10014,310,919 100e5,650,000 1003,024,273 10032,722,740 1003,401,921 1004,995,864 1005,314,209 10014,426,488 1006,774,740 100

v1,400,000 1001,779,883 60

3,439,346 1003,057,615 50901,775 100

7,198,872 100

815,791 251,211,486 50963,535 100

8,958,4034,272,2765,044,4427,611,432

2,058,994 31,950,871716,094 5,763,901341,992 7,013,802

100100100100

100100100

P. 'share.

125148

-- Per250,*226*231)(*105*276*90175295*251

135185270Per

130140

320Per

105390150250350175250375Per

1853503901104202301215200320100

Per

125

200Per35100110Per

115200260240

350215345

200300

150200

400share.

400400

435275230

360125

share1 2201501 130

* Sale price. c Capita paid in; authorized amount is larger. g Amount paid in.Apr. 23 1919. e N1,)v. 17 1)15 a (nli Bagel Islay Sair. ds Tr. 111001C. I Last sale.

Minn. L. & Tr. stock. • Dec. 16 1919.

k New stock. a Ex-dividen p Capital to ber MAy 12 1919 'July 12 1919. 'June 301919.

38125120share.

Increased.a Includes


60 BANKS AND TRUST COMPANIES [VOL. 110.Where Names are Printed in Italics Puller Returns may be Pound in the Advertising ColumnsNEW JERSEY-(Concluded.)

- -Capital.

Surplus& Profits.

GrossDeposits. Par.

100100100108100100100(0110C10C10C

10( 10( 10(

10110C 10110(

10( 100 Sc 101 10C 100 101 101

100100100100

100 101 51 50100100

Bid. Ask.Newark (Con.)

Union Nat Bank__City Trust Co Clinton Trust Co...Federal Trust Co Fidelity Trust Co_.Ironbound Tr Co_Liberty Trust Co....Newark Trust Co..

Av Tr Co.Washington Tr Co.West Side Tr CoNew Brunswick

Nat Bank of N J__People's Nat Bank.New Bruns Tr Co_.Passaic-

Passaic Nat Bank...Hobart Trust Co...Passaic T & S D CcPeople's Bk&Tr CoPaterson-

first National BankPaterson Nat BankSecond Nat BankPaterson Say Inst...Citizens' Trust Co.Franklin Trust Co.Hamilton Trust CoPaterson B D&TrCoU El Trust Co

Plainfield--City Nat Bank First Nat Bank _ _ _Plainfield Trust CoState Trust Co .

Trenton-Broad St Nat BankFirst Nat Bank.......Mechanics' Nat BkTrenton Bkg Co._Mercer Trust Co_Trenton T&S D Cc

1,500,001200,00(100,00(

1,000,00(3,000,001200,00(100,00 !200,001100,00(200,00(200,00(

250,001100,00(100,00(

200,00(100,001200,00(200,00(

500,00(300,00(250,00(

1,000,00(250,00(150,001500,00(300,00(350,00(

150,001200,001300,001100,00(

250,001500,00(

1,000,000500,001100,00(mom

2,403,502143,007123,637

1,084,5732,867,694244,09433,19920,00070,867128,629403,527

597,114188,479114 849

534,412167,109385,967460,197

71Q,099a602,443376,871654,717485,072129,497470,347476.140525,644

a316,994al65,394432,20983,194

440,427a657,21 41,481,732821,497202,591321,517

25,919,1902,437,2122,930,43010,134,26826,041,3717,823,3941.256,3201,829,0962,907 2452,131,7477,067,530

9,019,3232,457,4913,522,615

4,452,9142,370.8317,884,7186,451,759

7,161 740a6,018,0907,989,00018,623,7935,863,7722,140,99410,680,3335.496.70811,623,386

a4,417.922a6,927,7668,067,9461,963,774

6,679,369a6,526,38713,404,1728,766,9314,815,7966,472,005

Per340180150220315250 115 105130165300Per

Pr. -----

Per

200175250.165

share.

225 -325

share.

share.

share.

200231)300112

- -

N. Y. City (Con.)Chatham dc Phenix

National Bank_Chelsea Exch BankChemical Nat Bank..Citizens' National_City Bank, Nat'l....Coal & Iron Nat Bk_Colonial Bank Columbia Bank......Com'ce, Nat Bk of..Commer'l Exch Bk.Commonwealth 13k

Continental Bank - Corn Exchange Bk.

Cosmopolitan BankEast River Nat Bk_Fifth Avenue BankFifth National Bk_First Nat Bank __ _ _Garfield Nat Bank_Gotham Nat Bank..W R Grace & CoBkGreenwich Bank....

Hanover Nat Bank__Harriman Nat Bk_Import & Trad NatIndustrial Bank_

International BankIrving National BkLiberty Nat Bank..Lincoln Nat Bank..ManhattanCo,BkofMach dc Metals

National Bank...Merchants' Nat BkMetropolitan BankMutual Bank Nemeth State Bk..New Neth'iand Bk_N Y Co Nat Bank..NYNBA,Bkof..Pacific Bank Park Bank, Nat.....Produce Ex Bk,N YProgress Bank _ _Public Nat Bank-Republic Bank_Seaboard Nat Bank.Second Nat Bank....Standard Bank........State Bank Twenty-third W BkUnion Each Nat BkWash H'ts, Bank ofWestchester Ave BkYorkville Bank.... _American Trust CoBankers Trust Co . _

Central Union TrCo

Columbia Trust CoCommercial Tr Co_Empire Trust Co...Equitable Trust CoFarmers' L& T Co..Fidelity Trust Co....Fulton Trust Co.....Guaranty Trust CoHudson Trust Co Irving Trust CoItalian Discount &Trust Co____ _

Lawyers' Title drTrust Co

Lincoln Trust Co..Mercantile Trust....Metropolitan Tr CoN Y L Ins dr Tr CoNew York Trust CoTitle Guar dc Tr CoU S Mtge dr Tr Co_U S Tr Co of N Y..Jamaica. L. I.-

First Nat Bank____

Rochester-Alliance Bank Central Bank Citizens BankMerchants' Bank.._Lincoln Nat Bank_Nat Bank of Comm

• Traders' Nat Bank..Fidelity Trust Co....Genesee Vail Tr CoRoch Tr & S D Co..Security. Trust Co..Union Trust Co......

Syracuse-City Bank Tr Co.... _Merchants' Nat BkSalt Springs Nat BkThird Nat Bank......First Tr dr Dep Co..Syracuse Trust Co-

Troy-Manufac'rs Nat BkNational City BankNat St Bk of Troy_People's Bank Union Nat Bank.._..United Nat Bank Security Trust Co. TroyTrust Co........

MEW YORK--Nat. bits. (except N.Y. City) Dec. 31; State kit latest returns.Albany-

Mkt Nat Bank...._1Mech & Farmers....Nat Commercial BkN Y State Nat Bk_Albany Trust Co....Union Trust Co..- -

Auburn-Cayuga Co Nat BkNat Bk of Auburn..Auburn Trust Co....

Binghamton--Citizens Bank City National BankFirst Nat Bank........People's Trust Co....

Brooklyn-Bank of Coney Isl'dFirst National Bk_ _Greenpoint Nat BkHillside Bank Homestead Bank Mechanics' Bank.._Montauk BankMunicipal Bank Nassau Nat Bank.._North Side Bank People's Nat Bank_Ridgewood Nat BkBrooklyn Trust Co.Franklin Trust Co..Hamilton Trust CoKings Co Trust Co_Manufact'rs' Tr CoPeople's Trust Co..

Buffalo-Bank of Buffalo . _Lafayette Nat Bk_Liberty Bank _-Manuf & Trad NatMarine Trust Co.._People's Bank South Side Bk _Buffalo Trust Co...Citiz Corn'! Tr Co_Fidelity Trust Co_ _Elmira-Merchants' Nat BkSecond Nat Bank.....Chemung Can T Co

New York City-are of date Jan.1919 for Nationsf banks andmay be found in

America, Bank of....Am Exch Nat BankAtlantic Nat Bank..Bank of Cuba Bank of US Battery Pk Nat BkBowery Bank Broadway Cent BkBronx Borough Bk..Bronx Nat Bank......Bryant Park Bank..Butch & Drov Nat_ChaseNational Bk_Cent Mercantile Bk

600,000250,000

1,000,000500,000400,00 01250,000

200,000200,000150,000

100,000200,000400,000500,000

200,000600,000200,000100,000200,000

1,600,000100,000200,000

1,000,000200,000200,000100,000

1,500,0001,000,000500,000500,000

1,000,0001,200,000

2,500,000750,000

1,500,0002,000,0007,5O0,000600,000100,000500,000

1,250,0001.000,000

250,000400,000600,000

Deposits of31 1920.al and Novtrust compour "Ry.1,500,0005,000,0001,000,000100,000

1,000,0001,500,000250,000100,0001200,000200,000300,000

15000000100,000

ia658 ,0711a8,702,663

J 1,058,339I 2,290,940I a738,330

333,304I 578,409

307,490100,204247,931

78,6821314,040261,297132,229

133,700719,300254,70067,269108,400

1,139,90058,91787,200

1,300,200267,200226,300172,100

2,357,0711,326,7001,018,709'2,773,417124,210,753925,870,31,784,419

1,600,754

2.753,449a251,9021,177,707129.544.706'

a2,182.3769,828,824913,41027,374'

500,0001,519,9171,124,193

127,2291600,667585,697

N. Y. CitySurplus an12 for Stateanies in Nand Ind."7,304.3006,668,7001,000,500105,1001n1,417,400487,100,

1,516,200,12,442,000839,800168,9001n2,564,00064,000220,500157,100143,100c

20,439,200131698700084,7001n2,353,700

1,795,00923,944,453a2170947010,221,2876,213,115

2,450,7782,006,9374,520,919

1,834,1352,957,9434,743,7355,034,090

3,193,00011,165,9003,737,3001,693,9002 700 200

36,978,2001,788,2941,565,300

17,346,9006,516,7005,232,9005,731,200

39,109,948'25,278,100:8,818,881'

36,343,831

38,297,670a2,482,339

a4122667567,852,06315,718,9991

765,76713,709,96822,238,94817,091,406

1,590,3386,635,1777,243,158

banks ared profits arbanks. Aew York CitySec., page28,077,00010124600018,363,000

n24308000

5,550,000

n3,461.500v3,217,000n2,932,0004,638,000

100100100100100100

100 100

100100100100

10010010010010050100100 100100100100100100100100100100

100100100100100100__100100100

100100100

repos ofds

's*an 21710010010010010010010010010010010025100150

Per170500336265157336

Per

Per155220165125

Per140205150110809085

205195145

500245262650200305

Per295 165 275 280 355250140290250 225

°or160250215

glad netdate Ddead red Broo

625300215168200215425145

50,000 10515014540

h470220

share.175530340275160340

share.12101125

share.158225175135

share.155215165120

9595

215205160

510255272700210315

share.

365

150310

230sitar..

andcc. 31cordklyn

5i3 178 .-

225

15512516015545480

NEW YORK-(ContInued.)

SurplusCapital. Ids Profits.

GrossDep3sits. Par. Bid.

7,000,000400,000

3,000,0002,550,00025,000,0001,500,000600,000

1,000,00025,000,000

200,000400,000

1,000,0004,200,000100,000 28,400 n2,343,100

1,000,000 668,400 11,244,000500,000 2,401,200 19,894,000

1 000,000 514,700 12,664,00010,000,000 33,031,700 1788800001,000,000 1,367,300 14,304,000500,000 527,400 v10817700500,000 1,038,0001 8,380,000500,000 '1,737,200 19,654,000

3,000,000 19,056,500 1412810001,000,000 1,720,100 v312919001,500,000 8,269,800 28,701,000.1,000,000 Began bus mess Dec.

289,3001 6,952,0008,281,000 1208170006,830,000 72,153,0002,144,400 16,810,0008,260,074 96,195,000

6,000,000 12,100,000 1417420003,000,000 3.323.100 28,264,0002,000,000200,000200,000600,000

1,000,0002,000,000500,000

5,000,0001.000,000200,000

1,500,000150,000

1,000,0001,000,000100,000

2,000,000200,000

1,000,000100,000100,000200,000

1,000,000k15000000

6,000,0005,000,0001,000,0002,500,000

12,500,0005,000,000500,000

2,000,000k6,000,0005,000,0001,000,000500,000

25,000,000500,000

3,000,000

500,000

4,000,0001,000,0001,000,0002,000,0001,000,0003,000,0005,000,0002,000,0002,000,000

100,000

1,000,000300,000250.000500,000

1,000,000750,000500,000500,00)400,000500,000300,000

1,000,000

1,500,000300,000500,000300,000

2,500,0001,500,000

150,000300,000250,000100,000300,000240,000200,000200,000

6,875,300 114600000156,100 n7,280,800

9,869,000 76,449,0003,599,500 37,022,000

55,815,600 s6373390001,448,000 15,938,0001,217,000 15,145,000896,700 20,864,000

29,085,900 275850000968,000 8,877,000740,700 0,317,000740,500 6,733,000

8,925,500 164758000

2,683,200 40,984,000638,300 12,471,000364,600,n1,386,200663,9001 9,019,000385,900 14,166,000

6,660,700 42,277,0001,153,90025,704,000

20,274,700, 1711990001,351,50027,563,000

38,8001 n.356,2002,028,700: v62444000153,2001n4,674,200

4,194,400 48,101,0004,298,400 20,866,000105.9001n645,2001,415,500,63,360,000148,100 n5,631,400

1,387,200 19,536,000440,1001 3,135,00094,400:n3,106,000

723,700'13,236,000292,837

18,510,200

17,343,9737,267,300239,700

2,174,10015,049,40011,711,7001,336,507659,700

31,239,899

10.816,117317536 100

23879523295,643,9008,717,700

50,412,2002340161500166688 00014,237,3999,312,400673844907

t I

1,680,000 76,278,900

420,800 17,372,900

5,711,300 19,542,700831,300 26,622,700922,400 16,249,500

4,487,007 39,022,7704,481 300 23,483,70011,206,100 67,956,30013,020,400 33,070,9004,867,200 61,722,200

14,512,007 49,020,689

10010010010010010010010010010010075100100251001001001001001001001001001002210010010010050

Per

32013058526039025035021023842521512049595150900155980240215

Ask.

share

330140595265395

244

225

505100

1651000

225

8808253806051919

p393435285250

100 45550 242100 100 400100 100 200100 125100 46550 135100 745100 350100 100 330100 100 690 100 400 1425100

1100 210

124000 125 135100 185 190100 400 500100 230 240

100100 375 I

100 383 387

100 440 1450100 355 ;365um 150 Iwo100 290 300100 297 302100 445 450100 230

835400615

398445290255

465246

210135480

770400

1

100 255 265100 395 400100 140 150100 (1')'

100

100100100100100100100100100

39,100 3,174,100 100

831,579 14,268,732 100380,1761 8,675,450 100152,8201 2,258,387 100495,1271 0,127,925 100

2,007,809 18,676,119 100a969,363 a11030095 100a411,887 a8,668,229 100443,839 8,933,978 100529.472 7,098,705 100945,571 22,417,723 100765,120 16,061,927 100592,710 13,721 440 100

1881,276 15,427,198

a339,244 a2,372,690a362,969 a4,351,2291308,440 12,794,404

1,662,709 32,435,8901,028,927 22,661,761

a745,337 a13303072a315,697 a5,021,172a451,711 a3,622,256150,762, 1,139,144

a117,433 a3,520,072a455,764 a822,538185,820 3,813,80072,267 2,448,951

100100100100100100

10010010010050100100100

130178235290740605390415875

135

310755620396425900 .

Per share.185 200220 230135 140180 200230 245160 168155

110 *250400 500150

Per200207200150230280

Per52517021521411029516595

share.205210210170235325

share.

17222021611830017598

*.Sale price. b Paid in. k Capital to be increased. x Ex-dividend. c May 12 1919. e Dec. 27 1919. 1 Last sale. t June 30 1919.h New stock. a Nov. 17 1919 p fr. mfg. Includes 1-2 share Irving Trust (Jo 7/ EX-rights. r April 111918. d April 24 1918.n Nov. 12 1919. t See Irving Nat. Bank. a Includes Foreign Branch Deposits. v Dec. 311919.


FEB 1.920.] BANKS AND TRUST COMPANIES 61

may be Found in the Advertising Columns

01-110-(Concluded.)


GrossDeposits. Par. Bitl. Ask

Cleveland- Per shareAmer Say Bk Co__ 50,000 170,611 2,716,648 50Central Nat Bank_ 1,000,000 1,241,747 18,408,774 100 228Clark Ave Say Bk_ 200,000 73,000 2,800,000 100 Clev Say & Loan Co 250,000 196,699 1,460,932 100Columbia S & L Co 100,000 177,869 3,739,719 50 210First Nat Bank 2,500,000 3,852,664 78,076,791 100 4460._ y470Forest C'y S & T Co 250,000 326,793 5,158,717 100Garfield Say 13k Co 500,000 517,940 12,985,340 100 250 Lorain St Say BkCo 200,000 193,121 4,868,990 100 250National City Bank 2,000,000 763,970 10,784,790 100 175 187%Nat Commercial Bk 1,500,000 c1,518,110 c8,464,255 100 180 Pearl St S & T Co _ _ 600,000 641,597 12,748,196 100 296

United Bk & Say Co 1,000,000 589,700 15,088,000 100 260Union CommerceNat Bank 4,000,000 4,001,927 50,015,196 100

Biway Say dr Tr Co 300,000 702,145 11,947,823 100Citizens' S & Tr Co 4,000,000 5,573,36960,826,127 100 a501 523Cleveland Trust Co 3,000,000 3,302,599 84,617,245 100 255 270First Tr dr Say Bk_ 1,250,00(1 1,091,029 34,449,077 100 _Guardian Say & Tr 3,000,000 3,767,912 63,825,900 100 298 325Home Say & Trust_ 125,000 109,297 2,609,675 100L Sh Bkg & Tr Co_ 800,000 424,732 23,134,704 106 315State Bkg & Tr Co_ 350,000 191,939 8,487,766 100 200 220Superir S & Tr Co..Union Say & L Co_

500,000860,000

1,361,998460,292

15,659,1911,614,001

100100

330159 Fro--

Woodlid Ay S & Tr 350,000 566,469 12,878,798 100 300

Columbus- Per shar•Capital City Bank_ 100,000 40,000 700,000 100Central Nat Bank_ 200,000 25,901 2,993,446 100 110Citizens' Tr de Say_ 700,000 167,434 5,241,707, 100 110City National Bk.. 300,000 c303,442 c6,050,602 100 200 250Columbus Say Bk_ 50,000 96,000 1,188,000 100Cornmercl N Bank 300,000 c583,147 c6,886,952 100 300 350Fifth Ave Say Bk.. 50,000 65,000 1,100,000 100 275 350Hayden-Clin N B 700,000 878,074 6,954,417) 100 Huntington Nat Bk 500,000 230,441 8,085,361 100 Lincoln Say 13k Co. 40,000 13,422 792,962 100 110 150Market Exch Bank 100,000 154,217 3,062,790 100 195 220Nat Bk of Cornice_ 200,000 295,829 4,471,315 100 200 225New First Nat Bk. 500,000 c603,911 c8,338,399 100 260 250Ohio National Bank 400,000 713,021 10,323,606 100 290 325

State S Bk & Tr Co 400,000 199,831 3,202,762 100 12(1 13()

Dayton- Per star.Amer Nat Bk 200,000 c144,917 c1,351,132 100 135 145City National Bank 200,000 c361,767 c5,923,973 10(1 305 315Dayton Nat Bank_ 300,000 c210,521 c2,172,225 100 155Merchants' Nat Bk 200,000 c126,470 c1,979,139 100 150 160Third Nat Bank... 400,000 c345,421 c2,634,274 1 100 180 190Winters Nat Bank_ 1,000,000 c656,590 c5,255,080 100 170 174City Tr & Say Bk.. 100,000 28,827 1,728,191 100Dayton Say & T CoToledo-

500,000 576,529 13,078,120 100 21p5er 225share

Corn Say B it Tr Co 200,000 129,379 6,797,9321 100 160

Dime Say Bank Co 225,000 173,801 6,086,3171 50 160 First Nat Bank_ 500,000 1,469,177 9,468,8411 Inn 330 Guardian Tr & Say 200,000 321,707 6,072,720 100 240 Home Say Bank.... 250,000 459,699 5,128,929 100 300 Mer & Clik 8 Bk_ _ _ 150,000 308,494 2,710,401 100 305 320Nat Bk of Comice_ 1,000,000 679,701 12,417,656 100 160 Northern Nat Bk.. 1,000,001, 933,277 9,712,066 100 204Ohio S Bk & Tr Co_ 1,000,000 894,971 21,998,0611 100 195 205Second Nat Bank_ 1,000,000 2,373,740 15,311,846 100 320 Secur S B & Tr Co_ 250,000 309,299 5,49.1,967, 100 208Spitzer-Ror T & Bk 300,000 127,694 2,432,972 100 125Tol Say Bk & Tr Co 300,000 580,620 3,770,238 100 280 Union Says Bank..Youngstown-

250,000 353,434 1,216,074 1001

238Par "TW..

City Tr&Say Bank. 200,000 254,622 5,358,725 100 205 215

Commer'l Nat Bk_ 500.000 567,114 5,371,079 100 185 200

Dollar Say & Tr Co 1,800,000 1,618,711 16,438,199 100 210 215First Nat Bank _ _ _ _ 1,500,000 2,146,962 14,749,369 100 210 225

Mahoning Nat Bk_ 500,000 455,102 4,566,483 100 205 210

Mationing S&Tr Co 100.000 106,777 1,559,780 100

Where Names are Printed in Italics Fuller Returns

NEW YORK-(Concluded.)


GrossDeposits. Par. Ask.

Utica- 2 Per share.

find Nat Bank_ _ _ 1,250,000 1,673,962 0,326,527 100 e260 275

Uneida Nat Bank_ 600,000 903,497 3,461,370 100 220 225

Utica City Nat Bk_ 1,000,000 330,314 3,597,171 100 110 120

Citizens' Trust Co 500,000 640,981 10,628,733 100 290 300

Oneida Co Tr Co_ 250,000 413,799 1,994,092 100

(I tics Tr & Dep Co 800,000 893,104 10,630,301 100 345 355

Watertown- Per share.

.Iity National Bank 100,000 125,429 1,577,525 100

refferson Co Nat P 250,000 c392,320 c3,594,968 100

Watertown Nat Bk 200,000 c313,473 c2,608,805 100

qorthin N Y Tr Cc 400,000 667,179 6,880,074 100

Westchester Cc Per chars.

WI Vernon-let N 200,000 143,669 5,776,791 100

Mt Vernon Tr CcdltD Rochelle--

200,000 267,939 5,713,233 100

Nat City Bank_ 200,000 c138,327 c5,189,787 100

North Ave Bk_ _ 50,000 33,200 904,737 El uguenot Tr Co 150,000 90,714 1,984,969N Rochelle Tr Cc 200,000 143,646 4,249,783 100

nisining-lst Nat 100,000 c90,737 c794,776 100

Ossining Nat Bk 100,000 31,517 1,261,696 100•fekskill-Westch Co Nat 100,000 343,407 4,213,227 50

et•asantoeille-Mt Pleasant Bk

'Port Chester-lat50,000100,000

48,530c193,991

1,274,2031,581,967 lot)

Mutual Trust Cc 300,000 93,777 c2,208,676 100 105 125

ihre-Rye Nat Bk. 50,000 v115,000 v1,300,000 100

Tarrytown Nat Bkwhite Plains-

100,000 133,394 1,254,665 100

Citizens Bank_ _Cent Bk West Cc

100,000100,000

78,59291,662

• 2,616,301879,972

100 100 _

County Trust C( 100,000 121,617 3,091,672 100 First Nat Bank_ 100,000 61,177 1,493,072 100

• enkers-1t Nat_ 300,001 106,372 4,216,161 50 Yonkers Nat Bk 200,000 c49,224 c1,838,929 100 Westeb.Fer Tr C( 300,000 207,737 4,866,947 100 130 140--

Yonkers Trust Co_ 150,000 65,075 909,559

sowni CAROLINA-NaLbk• Dec. 31; State institutions latest returns

Charlotte Nat Bk_ _ 375,000 c354,967 c4,494,978 100 190

Commercial Nat Bk 500,000 c491,997 c2,740,141 100 190

First Nat Bank.._ _ _ 300,000 527,679 1,334,913 100 220

Met (V. Farm N Bk 200,000 346,370 2,494,194 100 275 Security Say. Ilk__ 44,730 922 186,412Union Nat Bank_ _ _ 200,000 c151,449 c2,787,988 100 275

imerican Trust Co 1,050,000 523,277 10,867,722 100 184 185

independice Tr Co_ 500,000 241,909 2,401,711 100 166

Du r h am -Citizens' Nat Bank 100,000 v125,000 v2,000,000 100

Fidelity Bank 100,000 593,307 3,647,126

First Nat Bank_ _ _ 400,0(10 320,722 4,338,735 100

home Say 13ank_ 50,000 46,101 823,706

Merchants' Bank_ _ 100,000 70,000 1,000,000

Greensboro--hiner Exch Nat Bk 400,00( c201,334 c5,618,967 100

1reensboro L Jr Tr_ 200,000 62,467 2,465,347 100

Greensboro Nat 13k 100,000 112,777 2,261,565 100

textile Bank 25,000 55,491 458,997, 100 Raleigh- Per share.

Citizens Nat Bank_ 300,000 104,094 3,528,970 100 135

Commit Nat Bank.. 300,000 158,594 c7,166,7071 100 110

Merchants' Nat 13k 100,000 c202,507 c8,315,495 100 200Raleigh 13kg&TrCo 100,000 42,039 1,014,914 100 130

Wilmington- 1 Per share.

&met 13k & Tr Co_ _ 200,000 47,929 3,528,1771 100 100 105

Murchison Nat Bk_ 1,000,000 c1,111,233 19,913,690 100 170 175

People'm Bay Bank_ 65,000 146,683 1,635,793 25 80 85WWII Bay & Tr Co_ 100,000 307,102 3,751,724 50 310Winston .Salem

c'eople's Nat Bank_ 150,000 c48,000c2,080,000 100 Wachovia Ilk & Tr_ 1.250,000 1,360,127 26,352,774 100

11ORT11 DAKOTA-Nat. banks Dec. 31; State institutions latest returns.

1n rgo-Per share.

Oakota Say Bank_ _ 100,000 27,2991 771,445Vargo National Bk. 50,0(10 14,392 722,314 100first Nat Bank_ 300,000 289,474 5,594,777 100 darchatita Nat Bk. 100,000 138,000 2,270,342 100 gorthern Say Bank 100,000 36,399 1,954,715 100 Irroul Amer 141( o0,000 11,970 1,024,910

01110-National banks Dec. 31; Stale institutions latest returns.

Canton-Central Bay Bank__ 175,000 43,472 2,598,709 100

City Nat Bank_ ___ 240,000 c284,9311 c2,961,773 100

Dime Bay Bank__ 200,000 196,104 3,698,902 100

first Nat Bank_ 500,000 867,441 10,539,240 100

Cincinnati- Per share.

atlas Nat Bank... 400,000 950,0171 4,217,713 100 309

Brighton War Co 200,000 375,4071 5,915,734 100 300 350

Cinn Bk&Tr Co._. 125,000 80,774 2,007,219 100 177 180Citizens' Nat Bank 2,000,000 2,044,5911 8,911,435 100 180 190

City Hall Bank _ _ _ _ 100,000 280,671 2,243,408 100 350 380Columbia B & 8 Co 100,000 244,3271 1,652,772 10 38 40Cosmop Bk & Tr Co 250,000 175,429 4,536,799 50 90 105

33 Wee Bay Bank_ 100,000 39,44.11 924,430 100 110 115

Cast End Batik.... 50,000 26,7771 354,256 100 140

fifth -Third Nat 8,000,000 2,133,604 37,463,449 100 /260 290

First Nat Bank_ _ _ _ 6,000,000 3,575,499 36,255,125 100 202 210fourth Nat Bunk.. 500,000 098,0671 9,879,088 100 275 Lincoln Nat Bank. 500,000 899,5771 7,358,907 100 230 270home Hay Bank Co 50,000 25,9371 734,098 100 100 105%lora' Bide Bank_Purl Mark 18k....

75,000200,000

86,907 975,762146,694 2,893,664

50100

110150 120

Peoples Bk .1 By Co 200,000 134,824 2,193,487 100 110 120

Pro, By Ilk & T Co 1,400,000 1,171,577 12,178,689 10 20 23

5econd Nat Bank_ _ 1,0(10,00(1 425,849 4,822,131 100 140 150

lecur 8 B & S D Co 200,000 182,6011 2,037,141 100 250

iouth Ohio Say Bk. 100,000 139,404 2,557,986 100 210 250

itk Yds Bk & Tr Co 100,000 145,979 1,067,919 100 170 Union S B & Tr Co_ 1,000,000 3,086,21720,275,701 10( Unity Bkg & By Co 75,000 80,117 2,331,434 100 175

cVestern Ilk & Tr Co 500,000 649,994 11,101,700 100 300 520--

lentral Tr Co_ _ _ 1,000,000 1,294,920, 4,892,839 100 215 235

OKLAHOMA-National banks Dec. 31; State institutions latest returns.

Guthrie- Per shariFirst Nat Bank_ _ _ _ 100,000 c71,377Ic2,194,108 100 130Guthrie SaY BankOklahoma State Bk

25,00050,000

20,2219,000

846,000700,000

100100

110110

Security State Bk. 25,000 6,500 500,000 100 105McAlester- Per share

Amer Nat Bank_ _ _ 100,000 10,241 1,815,714 100 120City Nat Batik.... 50,000 c7,669 c665,918 100 115First Nat B of McA 100,000 (46,741 c2,082,278 100 120Mu sk ogee- Per share

Commercial Nat Bk 250,000 112,671 4,950,068 100 115 -Exchange Nat Bank 150,000 50,349 2,922,924 100 110First Nat I3ank_ 500,000 267,574 8,571,489 25 125Muskogee Nat Bk_ 200,000 49,144 3,312,973 100 115Oklahoma City- Per share

Amer Nat Bank_ _ 500,000 300,971 15,171,742 100 120Farmers' Nat Ilk__ 100,000 100,000 3,665,881 100 110First State Bank.. _ 100,000 31,449 2,101,111 100 105Guaranty Bank ___ 100,000 16,327 1,406,711 100 105 Liberty Nat Bank_ 300,000 72,321 2,638,149 1001 100Okla.Stk.Yds. N.B. 250,000 302,299 3,329,191 1001 110Security Nat Bank_ 300,000 200,049 7,154,779 101 120First National Bk. 500,000 500,000 14,736,777 100 130Southwest Nat. Ilk. 250,000 31,107 3,341,097TradesmensStateBkTulsa-

200,000 57,991 5,134,899 100, 1051

Exchange Nat Bank 1,250,000 575,177 27,510,928

OREGON-National banks Dec. 31; State institutions Dcc. 31.

Portland- Per shareG W Bates St Co__ 100,000 125,747 1,311,231 100 Can Bk of Cornice_ 3(10,0(10 . 151,421 5,833,796 100 198 _ .Citizens Bank 100,000 51,307 2,136,987 100 130 135First Nat Bank. 2,500,000 1,185,144 39,399,016 100 200 210Hartmin LIE Timps'n 100,000 16,401 436,794 100Hibernia Say Bank 200,000 137,096 5,265,179 100 175Ladd & Tilton Bk 1,000,000 1,939,247 27,660,476 100 300Live Stk State Bk_ 100,000 38,477 1,700,000 100 150 175N'westem Nat Bk. 1,000,000 295,390 27,216,090 100 135Peninsula Nat Bank 100,000 20,871 1,654,073 100 130 150State Bank 100,000 51,307 2,136,287 100 200

Un States Nat Bk_ _ 1,500,000 1,727,877 33,417,955 100 300Security Say & Tr_ 250,000 270,784 4,243,260 100

• Elak price h New stock. k Capital to be increased. p Amount paid in. s Ex-dividend. a Last sale. if These figures date Aug. 18.

1919. Wee. 16 1919 June 30 19 to. s Endors-o s,oet. includes rt. & Say. Bk. e Nov 17 1919. e Includes Oneida Co. Tr. Co. a Ci.t.

Un. Corn ctfs t Includes trust deposits. C Includes Union S B & Tr.


62 BANKS AND TRUST COMPANIES [VOL. 110.

Where Names are Printed In italics Puller Returns may be Found In the Advertising Columns

IPIINNSYLVANIA-Nat.bks. (eye. Phila.) Nov. 17; State inst. latest returns.

Capital.Surplus

it Profits.Gross


Allentown-Allentown Nat Bk_Merchants Nat Bk_Ridge Ave Bank___Second Nat Bank__Allentown Tr Co__Citizens Trust Co_Lehigh Valley T CoPenn Counties Tr__

Alto° n a-First Nat Bank____Second Nat Bank__Union Bank Altoona Trust Co Central Trust Co Mountain C'y T Co

Erie-Bank of Erie elm National Bk Marine Nat Bank People's Bank Second Nat Bank.Cent Cent Tr & Title Co_Erie Trust Co Secur Say & Tr Co_

Harrisburg-East End Bank _First National Bk_ _Harrisburg Nat BkMerchants' Nat BkCentral Trust Co_ _Commercial Tr Co_Commonwealth Tr _Dauphin Dep Tr CoHarrisburg Tr Co_ _Security Trust Co_Union Trust Co___

1,000,000200,00050,000300,000150,000125,000125,000300,000

150,000100,000125,000250,000243,000162,962

100,000300,000300,000200,000300,000125,000300,000200,000

50,000100,000300,000100,000125,00C125,000250,000300,000400,000125,000250,000

794,741537,39955,437

704,910197,719181,998723,197153,174

457,447304,97075,091

422,499180,900128,411

36,377e861,991475,274206,341668,23314,000

540,169439,497

71,892505,000507,879304,974369,93977,714

592,600376,473615,20750,577129,944

5,759,2544,763,133677,013

4,643,7351,510,7152,215,1713,216,2651,618,600

2,570,0722,256,5691,146,6262,132,6391,457,2131,376,143

528,894e6,504,3915,264,4113,434,9037,984,786895,670

6,484,5675,554,756

986,3742,300,0002,298,3721,077,8901,985,829725,098

3,503,7253,542,9863,084,5671,252,0871,830,518

1001005010030258050

10010010010010030

100100100100100100100100

5010025100255010010010025100

Per198350110450788535075

Per32520015020020045

Per

325

180250

Per100

62

325

Lancaster- PerConestoga Nat Bk. 200,000 547,634 2,960,121 100 370First Nat Bank _ __ _ 210,000 220,979 599,992 100 205Fulton Nat Bank_ _ 200,000 222,279 2,506,766 100 222Lancaster Co N Bk 300,000 504,337 1,169,798 50 120Northern Nat Bk- - 125,000 114,197 718,296 100 150People's Nat Bank_ 200,000 256,679 1,578,772 100 200Agricult'l Tr Co -- 250,000 48,000 1,500,000 100 110

Guaranty Tr Co_ - - 294,000 77,980Farmers' Tr Co__ - - 225,000 828,722 3,894,1491 50 250

Lancaster Trust Co 250,000 1,108,270 6,970,238 100 600749,961 100 100

Northern Tr & S Co 125,000 209,700 1,560,000 50 138People's Trust Co- 125,000 535,790 2,607,7711 50 275Union Trust Co_ -- 150,000 170,0001 2,035,0001 50 105

Philadelphia- Deposits of banks date Jan. 31 19 20 PerAmerican Bk & Tr 297,270 150,271 v2,341,817 50 Nat. lank of Corn. 300,000 193,919 v3,338,296 100 1Bank of No Amer 1,000,000 2,276,884 22,863,000 100 1Broad St Nat Bank 250,000 78,037 v1,148,872 50 Centennial Nat Bk 300,000 693,679, 4,919,000 100 1Central Nat Bank- 1,000,000 4,346,670 19,590,000 100 1Corn Exch Nat Bank 2,000,000 4,264,597 44,861,000 100 1Drovers & Mer NatBank 200,000 62,491 v1,387,309 50

Eighth Nat Bank . 275,000 1,238,470 5,970,000 100 1First National Bank 1,500,000 2,278,104 37,594,000 100 1Fourth St Nat Bank_ 3,000,000 7,741,174 58,492,000 100 1Franklin Nat Bank_ 1,000,000 4,591,129 53,217,000 100 1Girard Nat Bank__ _ 2,000,000 6,577,899 63,301,000 100 1Kensington Nat Bk 250,000 498,809 4,316,000 50 1Manayunk Nat Bk 200,000 608,627 v4,536,622 100 1Market St Nat Bk--- 1,000,000 1,835,901 14,617,000 100 1Middle City Bank- 300,000 100,172 v2,633,734 50 Nat Bk of Germ't'n 200,000 710,499 v5,681,704 50 1Nat Security Bk_ _ _ 250,000 1,446,497 7,531,000 100 1Ninth National Bk_ 400,000 1,146,349 9,527,000 100 1Northern Nat Bank 200,000 263,939 5,728,000 100 1Northwestern N B. 200,000 915,447, 6,161,000 100 1Oxford Bank 100,000 35,160 v1,382,959 BO Penn National Bk_ 1,000,000 2,468,017 11,916,000 100 1 295Philadelphia IS r f.i Bk 3,000,000 8,304,007 100791000 100 1 345Quaker City Nat B 500,000 559,696 4,400,000 100 1 129kSecond Nat Bank__ 280,000 773,799 v7,513,407 100 1 31734Sixth Nat Bank_ __ 150,000 349,190 3,381,000 100 1 207Southwark Nat Bk_ 250,000 351,544 7,880,000 100 1 202S'western Nat Bk__ 200,000 179,077 1,573,000 100 j125Tenth Nat Bank_ __ 300,000 199,744 2,897,000 100 1 12834Textile Nat Bank__ 400.000 267,677 3,445,000 100 1 125Third Nat Bank__ 1,000.000 1,354,662 8,017,000 100 1 225Tradesmen. Nat Bk- 1,000,000 1,973,711 13,749,000 100 1 248Union Nat Bank_ _ _ 500,000 685,906 15,448,000 100 1 235West Phila Bank__ 100,000 35,776 v1,490,198 50 145Aldine Trust Co_ __ 385,700 319,672 1,656,312 100 1160Belmont Trust Co_ 125,000 71,567 1,370,611 50 135Cent Tr & Say Co- _ 750,000 618,270 11,212,480 50 184Chelten Trust Co__ 200,000 162,244 2,840,065 100 1 140Colonial Trust Co_ 300,000 351,704 4,114,631 80 1 112Columbia Av Tr Co 400,000 595,570 4,175,240 100 1 20034Commercial Tr Co_ 2,000,000 3,185,711 20,557,110 100 Com'lth T Ins & P. 1,000,000 1,619,766 8,006,206 100 • !NiCont-Eq T & T Co. 1,000,000 1,311,720 10,044,891 50 195Empire Tit dr T Co_ 156,575 64,342 939,310 25 123Excelsior Tr & S Fd 300,000 152,393 2,650,141 50 160Federal Trust Co__ 125,500 131,492 3,301,235 100 1 125Fidelity Trust Co__ 5,000,000 17,060,407 29,522,350 100 1 500Finance Co, 1st pref a1,470,000 12d pref a1,530,000 12,350,102 1,168,369 MS 1 1StFrankford Tr Co_ . 250,000 553,214 4,875,029 50

Franklin Trust Co_ 1,000,000 612,294 9,372,184 100 I 1 714MGermantown Tr Co 1,000,000 1,140,712 9,261,375 100 1Gir'd Av T & T Co. 200,000 178,102 1,856,481 50

1 2rgm

shore.200375125465829537582

share.35021016021021047

share.1150

£200170/2351112

share.

share.375210225125154201112255101602140276110

share.154%125295159%275537390

160429240320612%406118406187%150147%48337121040134

PENNSYLVANIA-(Continued.)

Capital.Surplus

di Profits.Gross

Deposits. Par.

Phila.-(Con.)

girard Trust Co____Guar Tr & 8 D Co_Haddingt'n T&TCoHamilton Trust CoHolmesburg Tr Co_Indus'l Tr T & Say_Integrity Tr Co_ __Kensington Tr Co_Land Title & Tr CoLiberty T & T Co_Logan Trust Co_ __Market St T & TCoManayunk Tr Co__Merch Un Tr Co_Mortgage Trust CoMutual Trust Co_ _Northern Cent Tr_Northern Trust Co_No Phila Trust Co.No Western Tr Co.Parkway Trust Co_Pelham Trust Co..Penn Co for Insuron Lives & Gr An

Penn W'h'g&SD CoPeople's Trust CoPhiladelphia Tr CoProcIdent Life & TrReal EstTrCo, corn

do do prefReal Est T I de Tr__Republic Trust CoRittenhouse Tr CoRoxborough Tr CoTacony Trust Co_Tioga Trust Co_United Sec L I & TWayne Junc Tr CoWest End Tr Co_West Phila T&TCo

Pittsburgh -

Allegheny Val Bk__All NRtions Dep BkAnchor Say Bank__Arsenal lank 13k of Pittsb N A Bk of Secured Says_Citizens Say Bank_City Deposit Bank.Columbia Nat 13k_.Diamond Nat Bk_ _Dollar Say BankDuquesne Nat Bk_Exchange Nat 13k.Farmers Dep Nat.Fifth Avenue Bk First N Bk of BirmFirst National Bk,Fourteenth St BankFreehold Bank_German S & D BkHomew'd Peop Bk.Iron&GlassDol SayKeystone Nat BankLiberty Nat Bank.Liberty Say BankManufac'rs BankMarine Nat BankMellon Nat BankMetropolitan N BkMonongahela N BkNat Bank of AmerOhio Valley BankPennsylvania N BkPenn Say Bank_People's Nat Bank_People's Say & Tr CoSecond Nat BankThird National 13k_Union Nat Bank_Union Savings Bk_Western Nat Bank_Western S & D BkAllegheny Trust CoColonial Trust Co_Com'wealth Tr Co_Continental Tr Co_Dollar Say & Tr CoEast End S & Tr CoFidel Tit Az Tr Co_Franklin Say & Tr_FIazlew'd S & T CoHill Top S & T CoManchester SavingsBank & Trust Co

March Say & Tr CoMetropolitan Tr CoOakl'd Say & Tr CoPeople's Trust Co_Pittsburgh Tr Co_Potter Tit & Tr CoProvident Trust CoReal Eat S & Tr CoReal Estate Tr CoSouth Hills Tr Co_South Side Tr Co_Terminal Trust Co_Union Trust Co_Washington Tr Co_West End S B dr TrWilliam Penn Tr CoWorkingman's SayBank & Trust Co

$2,500,000 8,691,950 46,630.015i,000,000 600,744 8,453,898125,000 88,049 2,471,083200,000 260,710 2,777,740125,000 103,421 879,138500.000 1,336,077 7,133,710500,000 1,739,847 8.351,917200,000 281,209 8,059,227

2,000,000 0,991,174 16,692,827500,000 555,609 2,924,470

1,000,000 451,799 8,944,736249,950 358,299 0,084,753250,000 281,760 2,201,002

1,000,000 179,977 2,242,760126,000 10,884 22,700438,038 133,447 2,147,791150.000 2,164 630,618500,000 2,317,601 9,970,236250,000 557,070 5,199,802150,000 592,776 6,470,427125,000 20,000 687,054150,000 102,240 1,244,209

2,000,000 5,420,104 34,982,7241,000,000 95,302 629,749• 634,450 107,719 2,765,0171,000,000 5,320,883 22,922,2702,000,000 0,151,733 11,366,2541,319,600 1 629,604 5,618,9652,140,400 f1,000,000 2,371,379 5,663,700400,000 239,172 3,208,214250,000 101,169 2,521,161150,000 10,004 1.061,414150,000 203,407 1,997,559125,000 59,671 1,382,569

1,000,000 1,067,720 1,877,003160,000 67,347 1,353,787

2,000,000 2,042,700 0,143,590500,000 637,110 5,468,060

50,000 70,000 1,771,47075,000 73,240 1,760,788100,000 434,132 3,180,603100,000 233,734 1,243,745

2,400,000 4,729,774 48,282,947125,000 155,274 1,812,067150,000 674,001 8,310,622200,000 1,001,804 9,752,590600,000 1,144,327 13,308,813600,000 1,672'751 15,292,707 1,490,524 37,671,371500,000 553,777 7,018,451750,000 917,701 7,079,489

6,000,000 2.205,972 44,085,717100,000 125,929 1,353,126100,000 128,207 1,506,987

4,000,000 1,863,990 29,466,361200,000 257,633 4,583,791200,000 1,052,290 660,095200,000 249,974 4,553,66550,000 53,027 1,981,040172,700 352,722 3,006,238500,000 684,707 7,206,066200,000 e137,003 61,886,916100,000 73,497 1,780,579100,000 245,847 1,207,273300,000 157,887 2,394,836

6,000,000 4,786,197 0,384,736200,000 62,907 1,697,277

1,000,000 1,879,666 11,882,465200,000 e412,791 e5,096,225100,000 78,697 1,273,691200,000 222,139 1,398,768100,000 81,117 1,327,341

1,000,000 2,470,694 27,058,9303,000,000 6,291,474 11,621,096300,000 1,001,020 5,738,051500,000 310,595 3,294,080

2,000,000 4,534,537 24;180,1231,000,000 1,116,675 10,157,7761,000,000 535,790 7,063,760250,000 407,721 2,881,162700,000 579,473 4,032,723

2,600,000 3,655,010 16,527,7411,500,000 1,481,774 8,753,473450,000 251,297 1,427,478

1,000,000 1,187,370 6,810,230250,000 181,701 2,580,860

2,000,000 4,486.892 14,115,709175,000 120,900 2,314,203165,400 158,717 1,803,638150,000 112,372 1,981,424

250,000 125,797 2,531,713125,000 37,033 917,025125,000 38,710 1,019,688200,000 300,000 4,955,134250,000 173,920 2,123,667

2,000,000 2,090,733 14,225,727500,000 170,577 3,150,676150,000 111,074 068,499400,000 75,390 2,863,192

2,000,000 1,826,947 3,769,863125,000 79,377 1,310,495300,000 253,094 2,732,878125,000 35,742 520,967

1,500,000 35,963,306 80,829,714350,000 412,667 6,167,236125,000 398,232 3,012,801125,000 45,272 933,146

100,000 1,250,039 8,181,695

10010010010050150505000501001501251002550501005050100100

10080501000

(108100BO50501005010010010050

50

50505050

50100100

10060

50100100

10050501001001001005010010010010010010010080100100100100100100100100100501001001001001002510080

8080100100100100100100100100100100

10010050

50

Bid. I Ad

Per 'share

1

Nom' 1

802X13312116065%186%2466034502103145341009660

38

500201302121120

610100453(645427%35074036258

24010210180160148

price

••••

*Sale price. sCapital paid in; authorized amount is larger. b Capital to oe increased. (1 Jura) 28 1919 • Dec. 31 191 z nx-dividend!Last sale. e Nov. 17 1919 a June 2 1910. t June 30 1919 4 New stock. n Nov. 1 1918


FEB. 1920.] BANKS AND TRUST COMPANIES 63

Where Names are Printed in Italics Puller Returns may be Found in the Advertising Columns

PENNSYLVANIA-(Concluded.)

Capital.Surplus

db Profits.Gross


Reading- $ i $ mm8282288 0000000000080002 088008000 0808 00 000800..0

.0.0....0.0 0......

c .0 ... 0 0 0. 0.0 00.40..0;

.. .. " .. . . .

--- . .. ..

.... . .

...

Per share.Farmers' Nat Bank 400,020 940,419 5,019,301 100 105First National Bank 250,000 288,864 2,529,879 155 165Keystone Nat Bank 100,000 297,764 1,317,405 290 300National Union Bk 200,000 938,249 2,293,782 115 120Neverslnk Bank__ 100,000 91,270 530,729 75 80Penn Nat Bank__ 100,000 344,091 3,521,132 335 350Reading Nat Bank_ 500,000 546,129 6,169,260 v300 325Schuylkill Vail Bk_ 100,000 265,677 975,722 140 150Second Nat Bank.._ 300,000 814,829 1,825,664 295 300Berke Co Trust Co_ 250,000 210,007 3,220,590 17 18Colonial Trust Co... 250,000 154,917 1,191,700 13 15Pennsylvania Tr Co 250,000 1,226,091 7,475,109 600 625Reading Trust Co- 500,000 701,211 1,679,037 220 235

Scranton- Per share.Amer Bk of Comm 300,000 60,000 684,767 47 55County Say Bank__ 400,000 414,827 5,262,934 202 206Electric City Bank_ 80,000 57,247 859,230 80 90First National Bank 1,500,000 1,778,674 23,639,006 360 370Green Ridge Bank. 50,000 25 867 323,734 65 70

Bank_-_Keystone _ 50,000 70,314 880,087 106 110North Scranton ilk 60,000 117,766 1,432,199 190 197Providence Bank__ 75,000 69,920 810,006 87 95Peoples S & D Bk_ _ 700,000 604,271 10,024,172 305 315South Side Batik __ _ 60,000 126,190 1.541,290 165 175Third Nat Bank__ 400,000 1,257,692 6,505,703 430 440Traders' Nat 13ank_ 500,000 672,767 5,758,975 260 265Union Nat Bank__ 500,000 225,077 2,618,673 120 124West Side Bank... 60,000 159,097 1,776,070 210 215Anthracite Tr Co__ 250,000 142,941 2,292,125 86 89Lincoln Trust Co.._ 200,000 84,847 1,421,427 126 130

.Wilkes-Barre- Per share

Dime Deposit Bank 200,000 166,194 1,449,766 90 95First National Bank 375,000 v690,640 v4,430,767 255 265Luzerne Co Nat Bk 400,000 219,372 2,685,714 135 145Miners' 13k of W B. 750,000 2,506,974 9,064,784 187 192Second Nat Bank__ 500,000 1,324,791 7,893,785 350 360Slavonic Deposit Bk 100,000 105,794 1,975,378 190 200W B Dep dz Say BR 150,000 526,928 4,108,976 215 220Wyoming Nat Bank 150,000 776,201 3,556,668 275 300Wyoming Val Tr Co 350,000 800,430 3,986,316 177 182

W illamsport- Per shareFirst National Bank 300,000 509,240 2,995,169 260 270Lycoming Nat 13k_ 100,000 .210,797 v1,096,864 255 265West Branch N Bk_ 400,000 1,523,909 5,192,729 540 560Williamsport N Bk 250,000 332,275 818,914 225 230Northern CentralTrCo 500,000 229,141 2,503 690 140 150

Susq Tr & 8 Dep Co 400,000 411,347 1.848,677 90 100

York- Per shareCentral Nat Bank_ 200,000 v64,207 v715,900 112 114City Bank 250,000 227,337 2,589,397 88 90Drov dc Mech N Bk 100,000 .140,792 e1,213,294 205 First National Bank 500,000 v162,397 v3,433,962 124 Western Nat Bank_ 225,000 v113,141 v1,647,284 118 125York Co Nat Bank_ 300,000 v567,777 v1,932,722 50 5131York Nat'l Bank__ 500,000 366,171 2.291,532 383i 40Guardian Trust Co 300,000 189,379 1,346,707 35 Secur Title & Tr Co 250,000- -

,- • - -- - 1,021,180--- 34 36_

RHODE ISLAND-Nat. banks Dec. 31; State institur one latest returns.

Newport- Per share.Aquidneck Nat Bk.. 200,000 149,079 2,282,992 50 86Nat Exchange Bank 100,000 102,987 771,036 50 34Newport Nat Bank 120,000 65,000 445,000 60 85Newport Trust Co_

Pawtucket-

300,000 211,091 2,557,982 100 130

Per

150

share.Slater Trust Co__

Providence-

500,000 1,420,002 14,109,012 100

Per share.Blackstone Can Nat 500,000 671,837 2,878,083 25 45 Columbus Exch Bk 100,000 . 43,204 1,171,822 50High Street Bank.. 120,000 151,237 1,410,382 50 95 Mechanics' Nat Bk 500,000 266,397 5,163,113 50 60 Merchants' Nat Bk.. 1,000,000 1,298,549 10,028,040 80 89 NatBank of Comm 850,000 1,042,327 6,861,542 50 90 Nat Exchange Bk_ - 500,000 1,191,114 13,139,083 100 255 Phenix Nat Bank__ 450,000 900,694 2,222,852 50 107 Providence Nat Bk 500,000 1,105,597 2,640,294 100 218 Westminster Bank_ 300,000 136,949 3,483,122 50 56 Industrial Trust Co 3,000,000 5,237,810 71,218,906 100 235Rhode 1 Hoc Tr Co 3,000,000 4,599,079 53,792,886 10003000 Union Trust Co__

Woo nsoc k e t-

1,000,000 633,304 13,104,348 100

Per share.Citizens' Nat Bank 100,000 v42,300 v664,732 100 National Globe Bk_ 100,000 v56,997 v723,629 25 Producers' Nat Ilk_ 200,000 v254,437 v2,258,993 20

SOUTH CAROLINA-Nat. banks Nov. 17; State institutions latest returns.Charleston- Per share

Atlantic Nat Bk___ 200,000 71,839 1,701,510 100 Atlantic Say Bank_ 200,000 233.297 3,760,960 100 290 300Bk of Charlin,NBA 500,000 817,877 9,890,893 100 300 310Carolina Say Bank_ 200,000 211,399 2,387,970 100 225 250Chad Say Instit'n_ 100,000 168,144 1,474,729 100 385 400Citizens Bank 75,000 84,000 1,300.000 100 135 140Commercial Nat Bk 200,000 91,774 1,480,016 100 150 175Dime Sayings Bank 60,000 80,869 1 116,124 100 210 225Enterprise flank... 50,000 27,500 1,275,000 100 115 125Ezell 13kg & Tr Co_ 50,000 80,000 680,000 100 250 255First National Bank 200,000 573,529 2,068,043 100 360 365Miners & Mer Bk 50,000 26,932 400,471 100 120 125People's Nat Bank_ 500,000 356,017 7,272,721 100 150 155Security Say Bank_ 50,000 28,609 1,806,673 100 225 250So Car L'n & Tr Co 100,000 71,799 1,652,339 100 150 155Spartanburg-

American Nat Bank 100,000 68,500 780,150 100 180 Bank of Commerce 64,000 10,274 559,697 100 125 Bk of Spartanburg_ 100,000 53,704 1,056,891 100 155 Central Nat Bank_ 400,000 241,394 2,283,081 100 170 Dollar Say Bank__ 50,000 13,442 471.994 100 150 First Nat Bank__ 500,000 161,659 3,228,739 100 155 Mer & Farm Bank.. 100,000 115,000 1,100,000 100 255 Southern Trust Co_ 60,000 26,729 398,777 100 150

TENNESSEE-Nat. banks Dec. 31; State institutions latest returns.


GrossDeposits. Par. Bid. Ad.

Chattanooga- $ $ $ Pr shore.Amer 'Fr & Bkg Co 300,000 154,906 1,499,939 100 170 180ChattanoogaSay Bk 750,000 351,747 5,179,130 100 200 210First National Bank 1,000,000 865,744 16,970,904 100 210 225Hamilton Nat Bank 1,000,000 v646,727 v12858,674 100 170 175Hamilton Tr dr 8 B_ 250,000 188,574 3,063,734 100 190 200

Knoxville- Per share.American Nat Bank 100,000 v27,334 v609,938 100 120 125City National Bank 800,000 v290,907 v6,660,471 100 155 165East Tenn Nat Bk_ 400,000 v603,899 v5,975,746 100 300Holston Nat Bank. 500,000 v143,373 v2,555,994 100 140 150Knox Co Bank & Tr 100,000 7,841 313,197 100 110 115Mech Bk & Tr Co- 300,000 10,969 1,685,063 100 110 115Third Nat Bank.- 300,000 v193,877 v1,466,367 100 160 170Union Nat Bank- 200,000 v96,777 v3,247 ,693 100 150 160

Memphis-. Per share.Bank of Com&T Co 1.500,000 2,078,776 15,809,467 100 300 310Cent State Nat Bk.. 600,000 462,707 8,265,721 100 195 200First National Bank 500,000 747,11 7,292,097 100 280 285Amer S 13 & Tr..,___ 50,000 72,014 1,910,695 100 400 425Guaranty Bk & Tr_ 500,000 129,191 2,619,490 100 150 160Liberty Say Bk&Tr 100,000 25,227 1,490,794 100 150 160Man Say Bk & Tr-. 100,000 181,714 3,247,942 25 125 150National City Bank 300,000 91,200 4,522,714 100 140 150No Memphis El Bk_ 150,000 106,297 4,022,766 100 240 250People's Bk & Tr ,- 50,000 30,347 764,424 100 125 130Security Bk dc TrCo 300,000 15,000 800,000 100 75 80State Savings Bank 50,000 66,710 989,940 100 350 400Union & Planters'Bank & Trust Co 1,800,000 597,292 22,599,770 100 225 250

Union Say Bank &Trust Co 50,000 53,497 1,223,069 100 300 310

Comm Tr & Say Bk 350,000 241,721 5,174,772 100 260 275Nashville- Per share

American Nat Bank 1,000,000 513,134 14,138,717 100 210 225Broadway Nat Bk_ 200,000 221,717 3,305,772 100 210 220Central Bk & Tr Co 100,000 42,399 1,067,709 100 135 140CumberlandVaINB 500,000 200,899 5,448,901 100 210 225Farm & Merch Bk. 100,000 37,876 1,009,940 100 First S Bk & Tr Jo. 220,000 187,930 3,886,974 100 Fourth&First Nat B 1,100,000 1,196,997 24,356,019 100 p250 x255Tennessee Hermi-

tage Nat Bank__ 300,000 72,447 1,806,126 100 100 110Nashville Trust Co 350,000

Inn nnn378,791RK K07

3,023,9751 cAn 79Q

100'IAA

2101MA

220IRK,

TEXAS-National banks Dec. 31; State institutions latest returns.

share.Austin- • • PerAmerican Nat Bank 300,000 849,333 7,931,277 100......Austin Nat Bank- 300,000 v753,989 v6,606,930 100 State National Bk_ 100,000 52,000 1,775,004 100 Beaumont- Per shard

American Nat Bank 100,000 419,439 4,328,024 100......First National Bank 400,000 318,219 8,447,107 100 Texas Bank & TrCo 250,000 172,960 3,205,667 100

Dallas- Per share.Am Etch Nat Bank 1,500,000 2,118,609 30,520,700 100 375 380Central State Bank 500,000 193,369 5,396,943 100 165 170City National Bank 1,000,000 2,916,590 42,623,900 100 380 390Nat Bk of Comm'ce 150,000 223,409 3,826,191 100 250 265Security Nat Bank.. 2.000,000 530,379 36,748,270 100 198 200Dallas 'Fr & Say 13k 1,000,000 281,597 7,634,706 100 150 155Tenison Nat. Bank 500,000 124,724 4,257,092 100 150 165

El Paso-Border Nat Bank.. 200,000 26,837 1,172,771 95 115City Nat Bank____ 500,000 31,404 7,032,886 100 155 175First Nat _ 800,000 241,370 10,091,120 100 220 230State Nat Bank_ _ 110,000 164,720 4,023,125 100 -Amer. Tr. Say. Bk. 350 000 58,098 2,555,136 100 125El Paso Bk & Tr . _ 200,000 15,000 1,958,790 150 180Rio Gr Val Bk & Tr 500,000 97,177 3,035,372 130 140Security Bk & Tr... 200,000 16,774 1,657,918 100 115Texas Bk & Tr Co_ 200,000 25,904 4,174,707 100 175 Union Bank & Tr_ _ 1.50,000 33,720 722,290 - - Port Worth- Per share.

Continental Bk&Tr 500,000 296,000 3,148,329 100 150 165Farm & Mach N Bk 500,000 • 593,114 17,629,072 100 285 300First National Bank 1,000,000 596,929 21,912,906 100 250 Ft Worth State 13k _ 100,000 35,140 1,005,175 100 135 150Port Worth Not Bk_ 600,000 1,396,404 19,155,969 100 375 400Stockyards Nat Bk 200,000 242,223 5,051,709 100 250 300Texas State Bank... 200,000 107,083 4,683,490 100 325 350

Galveston- Per share.City National Bank 200,000 v241,729 v5,344,766 100 160 185First National Bank 200,000 262,509 2,049,937 100 150 160Texas Bank & TrCo 200,000 590,019 5,188,265 100 250 Houston- Na minal pries

First National Bank 2,000,000 625,172 23,643,136 100 180 Guaranty State Bk 100,000 21,174 830,007 100 Houston Nat Ex Bk 800,000 606,509 13,996,770 100 325 -Lumber'ns Nat Bk 600,000 500,000 8,835,219 100 188 192Nat Bank of Comm 500.001) 253,391 4,692,264 100 210 225Peoples State Bank 150,000 5,520 1,357,714 100 125 150Union Nat Bank.... 1,000.000 813,847 17,247,016 100 200 220Sou Texas Commer-

cial Nat Bank.... 1,000,000 1,150,000 21,335,775 100 300 315State Bk de Tr Co_ 100,000 54,277 1,751,797 100 140 160Bankers Trust Co... 2,000,000 425,979 c361,134 100 85 88San Antonio- Per share.

Alamo Nat Bank... 500,000 354,107 7,547,773 100City National Bank 100,000 v98,707 v1,945,907 100Frost National Bk_ 500,000 572,727 5,887,192 100Groos Nat Bank.. _ _ 250,000 v103,676 v1,743,219 100Lockwood Nat Bk 200,000 340,598 2,614,222 100Nat Bk of Cororn'ce 600,000 204,192 4,352,292 100San Antonio NatBk 500,000 205,170 2,864,140 100 State Nat Bank _ 500,000 139,092 5,392,866 100Central Trust Co 1,000,000 185,372 7,134,772 100 Commerc' State Bk 150,000 34,871 1,665,479 100 Com'w'Ith BAT Co 300,000 59,640 1,621,910 100 Guaranty State Bk 150,000 37,992 2,049,210Waco- Per share

Cent Tex Exch Nat 500,000 121,499 3,668,627 100 180 190Citizens' Nat Bank 250,000 158,472 1,698,057 100 190 _First National Bank 600,000 195,847 5,629,321 100 215 223First State B & T Co 200,000 30,832 1,435,017 100 155Liberty Nat Bank_ 300,000 92,199 2,141,347 100 160National City Bank 100,000 30,172 367,001 100 100 110Provident Nat Bk 300,000 226,814 2,519,132 100 250 260

'

• Sale price. a Capital and surplus to be increased. k Capital to be increased. _p Amount paid in. s Ex-dividend. r Niew stock 1 Lastsale d Aug. 31 1918 n June 20 1919. t June 30 1910. s Sept. 12 1918 o Including First S. Bank &Tr. Co. stock. • Dec 16 1919.* r April19 1019 e Includes Trust Funds. v Nov. 17 1919.


64 BANKS AND TRUST COMPANIES [VoL. 110.

•

Where Names are Printed in italics Fuller Returns may be Found in the Advertising Columns

UTAH-National banks Dec. 31; State institutions latest returns.

Capital.Surplus

ds Profits.Gross


Ogden- $ $ $Commercial Nat Bk 100,000 227,934 1,884,558 100 First National Bank 150,000 208,074 4,209,266 ____ _- _ _-Ogden Say Bank__ 150,000 167,139 1,590,990Ogden State Bank_ 100,000 231,077 4,283,995 _Pingree Nat Bank_ 175,000 75,691 3,631,002 100 Utah Nat Bank___ 150,000 78,994 2,417,312 100 Salt Lake City- Per sriare.Continental Nat Bk 250,000 123,990 4,169,078 100 173 180Deseret Nat Bank_ 500,000 688,234 6,867,494 100 309 310Deseret Say Bank_ 500,000 480,449 4,676,876 100 236 237IdcComick & CoBk 600,000 270,672 13,298,220 100 273 280Nat Bk of Republic 300,000 397,047 6,645,169 100 270 285National City Bank 250,000 66,3934,083,622 100 177 180National Copper Bk 300,000 105,047 4,628,030 100 140 112Utah State Nat Bk_ 600,000 161,974 7,388,056 100 199 200Utah Say & Tr Co_ 300,000 75,984 1,758,266 100 108 109Walker Bros, B'kers 500,000 244,600 10,446,637 100 237 258&ions S Bk & Tr Co 500,000 251,1971 8,844,958 100 359 360

VERMONT-National banks Dec. 31; State institutions latest returns.

Barre- Per share.Barre S Bk & Tr Co 50,000 65,000 1,997,151 100 Granite S B & T Co 75,000 37,924 1,993,229 100 People's Nat Bank.. 100,000 50,914 1,473,396 100 Quarry S Bk & TCoBurlington-

100,000 19,273 1,304,869Per share.Howard Nat Bank_ 300,000 365,309 1,630,210 100 Merchants Nat Bk_ 150,000 v209,105 v412,958 100 Burlington Tr Co__

Montpelier-50,000 265,960 3,710,792 100

Per share.Capital S B & T Co 100,000 148,313 2,548,317 100 First National Bank 100,000 37,297 1,537,830 100 Montpelier Nat Bk 150,000 142,233 1,647,523 100 SIontp'r S B & T CoRutland-

100,000 262,109 4,110,368 100 Per share.Baxter Nat Bank__ 100,000 78,872 449,216 100 Clement Nat Bank_ 100,000 195,392 1,987,916 100 Killington Nat Bk_ 100,000 95,674 478,347 100 Rutland Co Nat Bk 100,000 80,674 1,119,295 100

Rutland Trust Co_ 50,000 100,000 1,054,611 100VIRGINIA-National banks Dec. 31; State institutions latest returns.Lynchburg-

First National Bank 675,0001 619,591 6,819,512 100 290 300Lynchburg Nat Bk 500,000 542,597 4,708,011 100 290 305People's Nat Bank_ 500,000 580,9711 3,216,072 100 250 260Lynchburg Tr &S B 150,000 333,3721 2,522,679 100 475 500United Loan tilo Tr Co 300,000 290,279 913,166 100 140 150Norfolk- Per share.Bankers Trust Co__ 600,000 26,374 1,101,938 20 20 Citizens Bank 1,000,000 646,5371 6,947,979 100 220 lidarine Bank .000 180,524 , 749,363 100 200 Nat Bk of Comm'ce 1,000,000 v1,333,390 v19 760 433 100 275 rrust Co of Norfolk 1,000,000 573,913 4,510,725 100 200 Norfolk Nat Bank__ 1,000,000 v1,157,393 v15 143175 100 220 seaboard Nat Bank 500,000 301,5791 5,798,032 100 200 Virginia Nat Bank.. 500,000 200,697 3,876,936 100 175 Petersburg- Per share.Petersburg Say & Tr 1,000,000 • 160,088 3,663,887 100 Nat Bk of Petersb_ 680,000 v323,314 v5,399,060 100 Virginia Nat Bank.. 1,000,000 v290,8441v4,819,440 100 Richmond- Per share.American Nat Bank 1,000,000 879,592 16,269,498 100 260 263Bank of Coin & Tr.. 250,000 265,104 3,300,311 100 220 230Broad-Street Bank_ 200,000 160,720 3,082,175 25 52 53Broadway Nat Bk_ 200,000 v40,747 v1,219,880 100 100 110Central Nat Bk of It 500,000 187,564 2,794,771 100 137 143Church Hill Bank_ _ 150,000 77,119 1,219,330 100 150 160First National Bank 2,000,000 1,621,777 32,863,268 100 252 255Mach & March Bk_ 100,000 167,700 1,298,082 100 253 265Merchants Nat Bk_ 400,000 1,688,277 22,646,766 100 650 700Nat State & CityBk 1,000,000 984,472 17,425,303, 100 210 214Planters Nat Bank.. 600,000 v1,798,120 v21722 5461 100 575 Bay Bank of Richm 200,000 330,871 1,877,480 25 92 95Union Bk of Richm 219.750 658,979 2,049,3781 50 West End Bank___ 100,000 97,794 842,066 25 47 50Old Dominion TrCo 1,000,000 1,184,377 3,470,226' 100 209 212Richm Trust Co_-- 1,000,000 269,712 1,137,9121 100 110 113Virginia Trust Co.._ 1,000,000 756,874 3,232,446 100 315 323WASHINGTON-Nal. banks Dec. 31; State institutions latest returns.

Seattle- Per share.Bank for Sayings__ 400,000 34,499 1,145,738 100 100Canad'n Bk of Corn 200,000 18,239 5,830,302 100Dexter-HortouN Bk 1,200,000 491,229 15,948,482 100 k250 255retrst National Bank 500,000 447,714 13,258,273 100 325 350Marine Bank 200,000 48,500 555,632Metropolitan Bank 200,000 140,302 4,206,668 100 285 290Nat Bk of Comm'ce 1,000,000 879,130 22,111,919 100 325 330Nat Cy Bk of Seatt 500,000 304,672 7,518,737 100 190 206People's Say Bank.. 100,000 187,576 5,407,628 100Scand-Amer Bank _ 1,000,000 541,721 19,289,719 100 162 165Seaboard Nat Bank 200,000 60,871 2,515,255 100 180 200Seattle Nat Bank_ _ 1,000,000 615,179 28,486,700 100 325 330state Bk of Seattle.. 200,000 59,299 3,380,047 100Am Say Ilk & Tr Co 600,000 105,324 3,784,797 100 100 108Union Nat Bank _ _ 600,000 61,904 9,822,125 100 175 180Northw Tr & S Bk_ 100,000 21,577 2,950,162 100Dex-Flort T & 8 Bk 400,000 155,002 7,805,03() 100 - _-Guardian Tr & Say 100,000 21,014 873,019 100 100 103Spokane- Per share.Bank of Montreal_ _ 100,000 8,869 1,426,683 100Exchange Nat Ilk.... 1,000,000 263,529 12,060,920 11)0 150 160Fidelity Nat Bank.. 250,000 118,247 6,008,249 109 133 150Old National Bank.. 1,200,000 305,744 21,108,949 100 150 160Bcandinay-Amer Bk 100,000 45,394 1,389,339 100 110 120Elpok & East Tr Co.. 1,000,000 302,880 15,833,367 100 150 175Union Trust Co ._ _ 200,000 108,527 246,136 100 120 130Washington Tr Co.. 200,000 43,994 1,161,128 100 120 135Tacoma- Per share.Nat Bk of Tacoma.. 1,000,000 238,907 14,484,239 100 Puget S(1 Bk&Tr Co 100,000 90,141 2,659,455 100 Scandinay-Amer Bk 400,000 110,892 6,031,756 100 racorna S B&Tr Co 200.000 34,377 1,479,245 100

WEST VIRGINIA-Nat. banks Dec. 31; State institutions latest return.

Capital.Surplus

dt Profits.Gross

Deposits. Par. Bid. AsWheeling- $ $ $ Per Am

Bank of Ohlo Valley 175,000 40,000 1,325 969 79 84 84Centre WheelingSay 50,000 55,971 1,341,494 100 170Citizens.-Peoples' .Trust Co 300,000 120,211 1,552,994 100 140 _Half-Dollar Say Bk 50,000 140,730 1,575.702 100 227 __ _Nat Bank of W Va.. 500,000 v383,797 vt,378,921 100 160 170Nat Exchange Bank 500,000 573.901 4,549,070 100 210Quarter Says Bank_ 100,000 70,821 797,180 100 1313outh Side Bank_ _ _ 23,000 116,527 1,438,470 50 200Dollar Say & Tr Co 685,000 1,330,070 10,144,166 100 2543ecurity Trust Co_ 300,000 277.467 2.214,776 100 176Wheeling Bank dcTrust Co 300.000 400,000 4,$70,971 WO 225 ._ _

WISCONSIN-National banks Dec. 31; State institutions latest returns.

b.

•

La Crosse-- Per char.Batavtau Nat Bank 400,00) 231,914 3,568,351 100 Exchange State Bk 25,00, 14,360 623,745 100 Nat Bk of La Crosse 500,00! 301,376 5,004,938 100 Security Says Bank 30,00( 8,697 664,003 100 State Bk of La Cr'se 100.001 68,497 2,075,263 100 Milwaukee- Per starsBadger State Bank.. 200,001 ' 45,422 2,415,627 100 110 112First Wisconsin N at B 6,000,00( 2,598,977 89,101,141 100 199 201Amer Each Bank__ 1,000,000 405,107 7,708,241 100 147 149Marine Nat Bank.._ 500,000 v943,726 v8,933,431 100 245 25( •Marshall & IlsleyBk 1,000,000 1,100,000 21,6.10,671 100 195 200Mer & Farm State 130,000 30,279 1,514,011Mer & Manufac Bit 400,00u 116,921 2,815,755 LOU 120 125Nat Bk of Com'rce 1.000,000 267,974 6,528,516 100 125 13(Nat Exchange Bank 500,000 673,422 8,146,712 100 205 210,Second Ward Say 11

West Side Bank___1,000,000200,000

1,032,171360,742

31,155,9403,267,969

100100 155 165North Ave State___ 100,000 '35,412 1,859,049 100 150 160First Wise Tr Co_ 800,000 627,547 3,290,982 100

WYOMING-National banks Nov. 17.

Cheyenne- Per sharr.Citizens Nat Bank.. 100,000 178,499112,455,729 100 First National Bank 100,000 n250,000 n8,000,000 100 Stock Growers N B 100,000 29,1,2991 6,9,14,727Wyom Tr & Say Bk 60,000 62,299 727,723 100

CANADAaiturns are all of date Sept.. 30 1919.

NOVA SCOTIA.

CapitalPaid in.

ReserveFund. Deposits. Par. Bid. A

Halifax-Bk of Nova Scotia

Prices are$

G9,700,000

per cent,$

18,000,000

not per sh$

175435905

are.

100Per cei

271

11

ONTARIO.

Hamilton- Per centBank of Hamilton 3,980,940 3,990,470 62,112,807 100

Toronto-Bank of Toronto___ o5,000,000 6,000,000 71,331,480 100 Can Bank of Comm 13,000,000 15,000,001).299674465 100 198 1983Dominion Bank...._ 6,000,000 7,000,000 98,722,999 100 Home Bk of Canada o1,947,776 300,000 15,908,77.1 100 Imperial Bk of Can g7,000,000 7,500,000 86,790,451) 100 Standard Bank____ 3,500,000 4,500,000 68,104,591 50 Sterling Bk of Can.. 1,225,185 400,000 14,511,241 100

QUEBEC.

Montreal- Per centBank of Montreal.... 20,000,000 20,000,000 434930996 100 205 Banqued' Hochelega g4,000,000 3,800,000 47,945,326 100 156X 1,57March Bank of Can g8,136,765 7,000,000 144414138 100 189 190Molson's Bank_ _ _ _ Q'1,000,000 5,000,000 63,556,033 100 187 190k,Proyincl Bk of Can 1,966,755 1,000,000 23,546,002 100Royal Bk of Canada 10,823,340 16,861,770 373531883 100 218 Quebec-

Banque Nationale_ 2,000,000 2,200,000 42,126,397 100 Union Bank of Can 0,290,550 4;374,710 114998540 100 160

SASKATCHEWAN.

Weybut n-Weyburn Secur Bk 478,6611 215,000 3,120,255 1001

*Sale price. o Ex-rights. a Aug. 31 1918. p This is capital paid in; authorized amount is larger. s Ex-dividend. a Sept. 4 11)19.• May 11017. t May 12 1919 s Apr. 19 1918. n Dec. 18 1919. b Includes one-third of a share in Dexter-Horton Trust & Sayings Bankstock. d March 5 1917. c May 10 1918. h New stock. o Nov 17 1919.


THREE SECTIONS—SECT1ON THREE

Is

RAILWAY

COMMERCIALCopyrighted in 1920 according

- .........---.--

EARNINGS

Washington, D. C.

SECTION OF THE

St FINANCIAL CHRONICLEto Act of Congress, by WILLIAM B. DANA C

OMPANY, in office of Librarian of Congress,

VOL. 110. NEW YORK, FEBRUARY 14, 1920. NO. 2851.

reportsrequired$1,000,000

Sworn

andand

EarningsOur

tative.

Full

showingInmaintenanceshowofaddition,equipmentwhich

Cents

the

CompanyAlso

Commercewhere

OtherContinued.

and"Chronicle"15th—thisbring

OnlySubscribers,

it freecopies

sTHIS entire publication is devoted to a presentation of the reports of earnings and

expenses of United States railroads for the latest month (December) and for

the calendar year to date including said month. The table embraces every

steam operating railroad in the country which is obliged to make monthly

to the Inter-State Commerce Commission at Washington. Returns are now

only from carriers whose railway operating revenues, or gross earnings, exceed

per annum.

Returns. The figures are a transcript of the sworn retu

rns on file at Washing-

ton. They have the further advantage of uniformity of method

classification. Every company is obliged to make up its returns on the same basis

in the same way as every other company.

The "Chronicle" has always made a specialty of weekly and monthly .

Specialty, reports of railroad earnings, and for nearly f

ifty years its weekly

and monthly summaries have been everywhere accepted as authori-

The present publication is in continuation of this work.

Details. These Inter-State Commerce returns also m

ake it possible for us

to present full details of both the revenues and expenses. Besides

total gross earnings, we indicate separately the passenger and the freight revenues.

the case of the expenditures we report the outlays for both maintenance of way and

of equipment as well as the traffic and transportation expenses. We also

the railway tax accruals (less War Taxes) and the net earnings after the deduction

such taxes and the comparatively trifling item of uncollectible railway revenues. In

we indicate the net earnings remaining after the deduction of certain rents, namely

rents and joint facility rent. We conclude by giving the miles Operated on

the earnings are based.

Discarded. The cents we have necessarily been obliged t

o discard altogether, and

if in any case the results should happen to vary a dollar, one way or

other, from exact proof, the reason for the variance will be found in that circumstance.

To make this publication absolutely complete, we add statements

Returns at the end to show also the figures issued by the companies them-

Given. selves, where they are made up on a basis different from that of the

Commission returns, or where they give fixed charges in addition to earnings, or

they have a separate and distinct fiscal year.

The matter contained in this extra and novel publication is entirely

Returns additional to the comprehensive reports of earnings we furnish in the

"Chronicle" from week to week. All the returns of the leading Toads,

also all weekly figures of gross earnings, are printed regularly and promptly in the

as soon as received. But in addition we issue once a month—say about the

special publication, furnishing a sort of compendium of earnings in which we

together all the returns for the latest month which are available.

As in the case of our numerous other Supplements or "Sections," all

for of which are expensive publications, the "Railway Earnings Section"

will be furnished only to "Chronicle" subscribers. These will receive

of charge, one copy going with each subscription. It will be impossible to obtain

in any other way, as none will be printed for general sale.

WILLIAM B. DANA COMPANY, PUBLISHERS

NEW YORK

CHRONICLE BUILDING FRONT, PINE & DEPEYSTER STREETS



FEB., 1920 RAILWAY EARNINGS 3

GENERAL INDEX

TO ROADS APPEARING IN THIS SECTION.

Name— Page

Alabama & Vicksburg 4

Alabama Great Southern. See Southeam_12

Ann Arbor 4

Arizona Eastern. See Southern Pacific_12

Atchison Topeka & Santa Fe 4

Atlanta & West Point 4

Atlanta Birmingham & Atlantic 4

Atlantic & St. Lawrence. See Grd. Trk.

Linos in New England 7

Atlantic City 4

Atlantic Coast Line 4

Baltimore & Ohio • 4

Baltimore & Ohio Chicago Terminal 4

Baltimore Ches. & Atlantic. See Penn_10

Bangor & Aroostook 4

Beaum.Sour L. & W. Scs N. O. T. & M_ 9

Bellefonte Central 14

Belt Railway of Chicago 4

Bessemer & Lake Erie 4

Bingham & Garfield 4

Birmingham Southern 5

Boston & Maine 5

Buffalo & Susquehanna 5

Buffalo Rochester & Pittsburgh.. .5 and 14

Canadian Pacific Lines (in Maine)____ 5

Carolina Clinohfield & Ohio 5

Central New England 5

Central of Georgia 5

Central RR. of New Jersey 5

Central Vermont 5

Charleston & West Carolina 5

Chesapeake & Ohio Lines 5

Chicago & Alton 5

Chicago & Eastern Illinois 5

Chicago & Erie. See Erie

Chicago & North Western 5

Chicago Burlington & Quincy 5

Chicago Dot. & Can. Grand Trk. Jet.

See Grand Trunk Western 7

Chicago Great Western 5 and 14

Chicago Indianapolis & Louisville 5

Chicago Junction 5

Chicago Milwaukee & St. Paul 5

Chicago Peoria & St. Louis RR 6

Chicago Rook Island & .Gulf 6

Chicago Rook Island & Pacific

Chicago St. Paul Minn. & Omaha6 Maine Central

Name— Page

Duluth Winnipeg & Pacific) 7

East St. Louis Connecting 7

El Paso & Southwestern 7

Elgin Joliet & Eastern 7

Erie 7

Florida East Coast 7

Fonda Johnstown & Gloverav _7 and 14

Fort Smith & Western 7

Fort Worth & Den. City. See Col. & So 6

Ft. Worth & Rio Gr. See St. L. & S. F_11

Galv. Harrisb. & San Ant. See Sou. Pac.12

Galveston Wharf 7

Georgia 7

Georgia & Florida 7

Georgia Southern & Fla. See Southern 12

Grand Rapids & Indiana. See Penn_ _ _ 11

Grand Trunk Lines in New England 7

Grand Trunk Wes tern 7

Great Northern Green Bay & Western 7

Gulf & Ship Island 7

Gulf Colo. & Santa Fe. See Atchison 4

Gulf Mobile & Northern

Hocking Valley 7

Houston & Texas Cent. See Sou. Pao 12

Houston East & West Tex. See So. Pa,c_12

Illinois Central 7

Indiana Harbor Belt. See N. Y. Central_ 9

International & Great Northern 7

Kanawha & Mich. See N. Y. Cent._ 9

Kansas City Mexico & Orient RR 8

Kan. City Mex & Orient Ry. Co. of Tex. 8

Kansas City Southern 8

Kansas City Terminal 8

Lake Erie & W. See N. Y Cent 9

Lehigh & Hudson River 8

Lehigh & New England 8

Lehigh Valley 8

Long Island. See Pennsylvania 10

Los Angeles & Salt Lake 8

Louisiana & Arkansas 8

Louisiana Railway & Navigation Co 8

Louisiana Western See Southern Pac_12

Louisville & Nashville 8

Louisville Henderson & St. Louis 8

8

6 Maryland Delaw. & Virginia See Penn_10

Chicago Terre haute & Southeastern__ 6

Cincinnati Indianapolis & Western ____ 6

Cincinnati Lebanon & North. See Penn _ 10

Cincinnati New Orleans & Texas Pacific_ 6

Cincinnati Northern. See New York

Central • 9

Cleveland Cincinnati Chicago & St. Louis

See New York Central 9

Coal & Coke. See Baltimore & Ohio 4

Colorado & Southern 6

Colorado & Wyoming 6

Cumberland Valley. See Pennsylvania_10

Delaware 86 Iludson 6

Delaware Lamkawanna & Western 6•

Denver & Rio Grande 6

Denver & Salt Lake 6

Detroit & Mackinac 6

4 Detroit & Toledo Shore Line 6

Detroit Grand Hay. & Mil. See Grand

Trunk Western 7

Detroit Toledo & Ironton 6

Duluth & Iron Range 6

Duluth Missabe & Northern 6

Duluth South Shore & Atlantic 6

Michigan Cent. See N. Y. Cent 9

Midland Valley 8

Mineral Range 8

Minneapolis & St. Louis 8

Minneapolis St. Paul & S. S. M

Minnesota & Internat. See No. Pao ...10

Mississippi Central 8

Missouri & North Arkansas 8

Missouri Kansas & Texas 8

Missouri Kansas & Tex. Ry. of Texas 9

Missouri Oklahoma & Gulf 9

Missouri Pacific 9

Mobile 86 Ohio. See Southern 12

Monongahela. See Pennsylvania 10

Monongahela Connecting 9

Montour 9

Morgan's L. & T. RR. & SS .Co . See So. P.12

Nashville Chattanooga & St. Louis 9

Nevada Northern 9

Newburgh & South Shore 9

New Orleans & North Eastern 9

New Orleans Great Northern 9

New Orleans Texas & Mexico 9

Now York Central 9

Nams— Peg.

New York Chicazo & St. Louis.. ..8 and 14

New York New Haven & Haxtford____10

New York Ontario & Western__10 and 14

New York Phila. & Norfolk. See Penn_18

Now York Susquehanna & Western__ __ 10

Norfolk & Western 10

Norfolk Southern 10

Northern Alabama 10

Northern Pacific 10

Northwestern Pacific 10

Oregon Short Line. See Union Pacifie 13

Oregon-Wash. RR. & Nay. See Un. Pao.13

Panhandle & Santa Fe. See Atchison 4

Pennsylvania Railroad 10

Pennsylvania Company. See Pena 10

Peoria & Pekin Union 11

Pero Marquette 11

Perkiomen 11

Philadelphia Bethlehem & New Eng 11

Philadelphia & Reading Ry ii

Pittsb. & L. E. See N. Y. Cent 10

Pitts. Cin. Chic. & St. Louis. See Pena_11

Pittsburgh Shawznut & Northern 11

Pittsburgh & Shawmut 11

Pittsburgh & West Virginia 1

Port Reading 11

Quincy Omaha & Kansas City 11

Riohm. Fred. & Pot,om. See Rich.-Wash.11

Rutland 11

St. Joseph & Grand Id. See Union Pa,e_13

St. Louis-San Francisco 11

St. L. Brownsv . & Mex. SeeN O. T &M_

St. Louis Merchants' Bridge & Terminal.

See Terminal Association of St. Louis.. 13

St. Louis San Fr. & Tex. See St. L.-8 F_11

St. Louis Southwestern 11

St. Louis S. W Ry . of Tex . SeeSt. L. &S. W .11

St. Louis Transfer 12

San Antonio & Aransas Pass 12

Seaboard Air Line 12

South Buffalo 12

Southern Railway 15

Southern Pacific 12

Southern Ry. in Mississippi. See South_12

Spokane International 12

Spokane Portland & Seattle 12

Staten Island Rapid Transit 12

Tennessee Central 12

Terminal Railroad Assn. of St. Louls 13

Texarkana & Ft. Smith. See Kan. C. So. 8

Texas & New Orleans. See So. Pae 12

Texas & Pacific 13

'Fob. & Ohio Cent. See N. Y. Cent_ 10

Tel. Peoria & West. See Penn_11 and 14

Toledo St Louis & Western 13

Trinity & Brazos Valley. See Col.& Sou.

Ulster & Delaware 13

Union RR. (of Pennsylvania) 13

Union Pacific 18

Utah 18

Vicksburg Shreveport & Pacific, 13

Virginian 13

Wabash 13

Washington Southern. See Rich.-Wash_11

West Jersey & Seashore. See Penn___ _10

Western Maryland 13

Western Pacific 13

Western Railway of Alabama 13

Wheeling & Lake Erie 13

Wichita Falls & Northwestern 13

Yazoo & Mlsmmisslnnl Valley

•


4 RAILWAY EARNINGS [vol.. no.

INTER-STATE COMMERCE COMMISSION RETURNS FOR DECEMBER AND THE TWELVE MONTHS ENDING WITH DECEMBERIn the following we furnish detailed figures of earnings and expenses for December 1919, as compared withDecember 1918, and also for the twelve months ending with December in the two years, of every steam railroad ithe Ur ited States which is obliged to file monthly returns of earnings and expenses with the Inter-State CommerceCommission at Washington.It should be understood, however, that the Inter-State Commerce Commission now requires monthly reportsonly from roads whose gross railway operating revenues exceed $1,000,000 per annum. Prior to the taking overof the roads by the Government, or, to be strictly accurate, prior to the call for the March 1918 reports, monthlyreturns were required from all carriers having railway operating revenues in excess of $100,000 per annumIn the closing page of this publication-page 14-we also give the Company returns where these differ inany way from the Commerce Commission returns or embrace more facts than are contained in the latter

EARNINGS.

Freight revenue Passenger revenue Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses Transportation exp..

Tot.exp..incl.oth.Net from railroad_ _Taxes (less war taxes)_Uncollectible revenue..Net after taxes, &c_

Net after rents Aver. miles of r'd oper.

EARNINGS.

Freight revenue Passenger revenue.._ _

Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses__ _Transportation exp..Tot .exp.,Incl.oth.

Net from rallroad..__ _Taxes (less war taxes) -Uncollectible revenue_Net after taxes, &c..


EARNINGS.


Tot.. incl. ether revExpenses-Maint.wayMaint. of equipm't_Traffic expenses.. Transportation exp..Tot .exp

Net from railroad Taxes (less war taxes)..Uncollectible revenue..Net after taxes, &c_

Net after rents Aver. miles of I'd oper

EARNINGS.

Freight revenue Passenger revenue....Tot , incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic

expenses_- _

Transportation exp..Tot.exp.,Incl.oth.

Net from railroad.. Taxes (less war taxes)..Uncollectible revenue..Net after taxes..__


EARNINGS.

Freight revenue Passenger revenue __ _

Tot., incl. other rev.Expenses-MaintswayMaint. of equipzn't_Traffic expenses__ _Transportation exp..

Tot.exp.,incl.oth.Net from railroad Taxes (less war taxes)-Uncollectible revenue..Net after taxes, &c..


Alabama J.S Vicksburg-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $157,093 187,322 1,828,832 1,603,07786,778 64,700 774,484 622,950263,756 262,60841,878 34,32243,374 62,0924,407 1,714

113,259 118,286215,113 ̀ /-27,23148,64313,028

135,61337.044

141

35,37515,916

19

2,794,556 2,470,855505,791 269,367592,748 591,65727,063 42,982

1.117,258 1,032,2142,375.656 77645777418,900136,817

33719,438 281,74518,726 260,522

141 141

Ann Arbor

425,738138,194

26010,902 1,266 89,402

1 111 287,28:3 34,494 89,392 621,130 724,443323,995 1/,74351 '----FT,TPIT -7 (= 647,348141 93 93 03 93

Atlanta & West Point-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ 3 S119,536 144,028 1,338,208 1,262,80292,356 103,620 1,141,568 1,041.403244,06233,33344,3596,244

103,276

265,323 2,778,563 2,548,44020,866 364,181 254,17140,565 5(13,399 456,3312,131 40,532 40,742

101,510 1,055,581 867,069198,665 17,1.663 2,067,912 1,730,35445,396 -77,Z7 710,651 818,085

93,56675

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ S i400,757 294,362 3.579,845 2,782,38163,662 56,790 718,714 567,580483,70653,102

100,3815,798

227,660

370,169 4,533,990 3,585,90756,907 619,180 595,48576,749 816,334 773,071350 57,592 47,193164,530 2,103,758 1,661,727

399,558 308.052 3,724,339 3.195,423.n.71-4-,--17-47 ----1327117 . 809,67577 "n6o,4a16,700 13,100 193,200 157,200 26 148 499 1,026

67,421 48,868 615,950 232,25842,603 1.-- 48,140 -n-570,59 1)75,131301 301 301 301

Atchison Top & Santa Fe SystemAtchison Topeka & Santa Fe-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.11,854,892 9,917,029 124211,105 113798,0804,428,005 3,218,067 45,628.937 37,045,79017;617,1"87 13,997,088 179904.498 162369,1301,851,384 542,229 23,158,350 19,037,9323,056,310 4,690,383 40,017,505 35,100,235161,334 127,517 1,723,289 1,675,7836,275,696 6,377,302 63.140,910 56,588,9971,509,892 11.933,772 130502,244 114912,37517007,2941 2,063,295 49,402,264. 47,456,7a1,156,901 578,898 7,811,542 6,726.927849 2,749 33,572 21,4924,849,543 1,481.647 41.557,139 40.708,33577774,356' .1,413,137' 40,06,26941,558,3028,661 8,624 8,650 8,643

Gulf Colorado & Santa Pe-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $1,682,646 920,952 15,232,811 12,844,674

672,496 411,086 5,737,771 4,878,2572,499,841 1.430,497 22,184,340 18,885,097427,491 376,318 4,766,137 3,422.887379,842 453,910 3,774.016 3,476,11417,050 10,832 201,917 228,958946,503 864,467 9,024,490 7,158,7911,826,785 1.745,846 18,300,458.14,829,928673,056 -315,34 1,$83,881 4,055,169166,449 87,339 1,041,278 853,696585 511 7,014 4,539 556,021 -403,200 2,835,588 3,196,932422,255 .-416,712' '2,433,8617 2,824,141,937 1,917 1,935 1,934

Panhandle & Santa Ye-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ 3 $ $627,936 305,689 5.076,604 4,275,636

151,845 83,761 1,325,235 1,253,186822,929 412,254 6,708,469 5,809,65789,667 93,426 1,098,970 1,092,039204,473 175,847 2,125,553 1,767,9644,204 2,901 48,140 46,772315,303 267,813 2,008,479 2,303,815629,280 552,345 6,346,727 5,351,375

=(:7-18 -140,091 -57777 457;78133,619 Cr4.461 234,258 194,559451 2 1,640 1.539159,578 -135,632 125,843 261,683-=,wrr -158,627 213,475 21:---rin- -§7175'772 772 772 741

Atlanta Birmingham & Atlantic-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1913.$ s $305,738 340,050 3,659,464 3,524,66095,240 101,821 970,846 850,546• 430,413

81,882140,22713,992

223,752

469,176 4,961,072 4,703,381101,986 1,159,042 1,065,801126,789 1,545,076 1,253,0085,818 95,711 06,176278,644 2,788,678 2,470,841473,392 526.285 5,741,153 5.038,455

--42,979 -77777dir -780,080 -335,07415,734 22,082 191,734 194,7820.42 207 1,963 1,038-58.671 -79,398 -973,778 -530,894".-49-;77.3 -81,019 -953,175 -584,761639 639 639 639

Atlantic City-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $119,211 179,771 1,454.563 1,892,752114,768 113,135 2,783.239 2.138,080252,71459,46232,503

218174,119

308,660 4,452,164 4,252,76947,233 624,460 435,05032,691 535,624 449,164307 18,507 13,158170,124 2,232,445 1.987,832268,062 252,438 3,428,449 2,901,005--15,34722,086

26

56,222 17023,714 1,351,26416,695 174,258 144,49535

-37,459 39,527 849,419 1,206,769-5'2,289 36,618 745,651 745,651 1,018,476

.-

177 177 177 177Atlantic Coast Liao-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1913.$ $ $ $4,098,919 3,460,416 40,842,112 36,483,7161.705,286 1,699,994 18,448,228 16,567,082

6,400,234 5,619,882 63,558,451 56,992,329802,867 454,651 9,488,091 6,567,4991,264,212 948,153 13,851,670 10,904,84100,143 43,820 775,813 620,1552,495,430 2,106,167 27,702,731 23,186,7904,821,849 3,770.861 53,499,911 42,663,3027767-71.-5 1,849,620 10,058,540 14-;31-97026200,000 200,000 2,510,000 2,495,000807 765 19,548 6,9304377,576 1,648,265 7,528,992 11,827,006

"1-,Z-MqUI"Tic(73--). ,(i.39 7,144,336 11,626,1264,885 4,840 4,867 4,820Baltimore & OhioIncludes Coal k Cake-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.11,933,997 10,880,807 136802,852 129047,3172,414,938 3,024,910 31,724,005 30,676,946

15,745,813 15,358,812 182620,016 174191,4481,692,353 3,044,272 26,168,745 25,775,0634,840,943 3,856,033 56,364,803 48,003,661158,776 130,002 1,886,254 1,964,4927,865,373 7,507,031 79,727,340 78,846,09014.970,139 15,014,641 1698694 _25 160592 180

5, 4 344,171 i705U 13.599. a690,908 337,866 4,872,094 4,784,1456,870 1,182 21,070 10,82977,893

-140,5145151

6,122 7,857,225 8 795 202172,328 5,082,4251Ik

5151 5151 gin

..:170t571,293 9315

44,13929

--838,532--663,796

217

B & 0 Chicago Terminal-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $

194,72317,50049,3151,468

161,221

--9 3,049 4,887116,059 2,058,947 1,761,48543,181 397,087 320,06264,171 540,261 636,335

802 13,914 12,850152,410 1,556,631 1,605.174

245,526 270,867 2,669,578 2,690,703----WarS -154,801 "t-8r6,-616 "--77577726,542 31,876 329,176 359,537

727 112--77,345 --186,683

3,632 -1 -7-701-.76190 91

-940,534-1,297,866--71TICrn

90 91Bangor ak Aroostook-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.i 9i402,086 337,005 4,013,168 3,705,80088,999 77,209 953,917 • 813,036

521,042 437,516 5,287,299 4,863,222115,151 63,215 1,177,240 791,357166,171 - 83,883 1,506,244 1,162,5203,940 3,244 45,871 45,024205,802 242,676 2,040,864 2,038,997512,047 405,567 4,093,372 4,239 516--8,994 32,049 203.026 623,10522,803 18,333 257.688 213,41810 35 1,924 ' 221-13,819 13,681 34,314 410,065

10,124 17,396 104,544 592,226632 632 632 632Belt lisAilray of Chicago-Month of December- -Jan. 1 to Dec. 31-1919. 19111. 199. 1918.

346,34531,19556,318

291226,392321,93524,41015,535

304,709 3,780,321 3,899,76445,697 665,153 780,38935,460 3547:218445 413,401

571 4,806204.440 2,260,654 2,476;3060294,496 3,381,870 3,7754ó*10,303 10,303 398,451 124,35116,442 186,325 197,07

-DM -6,138 212,125 -72,716149,813 1,344,016 1.620,458 1,581,68131 31 31 31

Besinisma is Lake Brie-Month of December- -Jan. 1 to Dec. 31-1919. 1919.$ 1919. 1916.

S433,735 7'?9,430 11,701,707 12,688,34138,758 37,777 493,610 395,085862,812 12,508.699 13,417,564494,241 31,361 1,860,355 1,139,120486,106 284,360 4,199,161 3,462,84011,450 7,493 126.270 129,139274,631 367,114 4,025,268 4,430,406700,709 10,452,120 9,167 236162,102 2,056,579 17271111,440 210,639 241:62

191 1150,662 1,845,748 ,--1778 (-TA, 140,44/ i,933,559 4,013.766208 217 208

Bingham & Garfield-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1019. 1918.s s116,941 218,506 1,241.894 3,308,1582,342 4,760 24,810 48,535-1817;113 260,77833,139 34,66845.137 63,3491,431 1,664

37,688 56,196174,69531,14411,548

1,3141960 3,450,747452,108 475,405492,728 570,83615,607 16,322

353,796 689,514165,494 1,389,775 1,854,09395,284 -74,814 1,596,65418,927 101,539 128,763 4.

•

19,596 ---76,357 -176,356=NM) 29,888 92,158 -85.358 1.662,50g37 36 37 3


FEB.. 1920.] RAILWAY EARNINGS5

•

4

•

EARNINGS.

' reight revenue l• a/monger revenue

Tot., incl. other rev.: xpenses-Nlaint.wayMalta. of equipm't_Traffic expenses_ _...Transportation exp.

TOt.exp.,Inci.oth.

Net from railroad_ Taxes (less war taxes)_Uncollectible revenue_

Net after taxes, &c_

Net after rents Aver. miles of r'd open

EARNINGS.

Freight revenue Passenger rovenue

Tot., incl. other rev.Expenses-Maint.way

Maint. of equiptn't_Traffic expenses Transportation exp.

Tot.oxp.,Incl.oth.

Not from railroad_Taxes (less war taxes)_Uncollectible revenue_

Net after taxes, &c.


EARNINGS.

Freight revenue Passenger revenue_ _

Tot., incl. other rev.Expenses-M aint. wayMaint. of equipm't_Traffic expenses _ _Transportation exp.

Tot.exp.,Incl.oth.

Net front railroad__ _'Faxes (less war taxes).Uncollectible revenue_

Net after taxes. &c.


EARNINGS.

Freight revenue Passenger revenue _ _

Tot., incl. other rev.Expensea-Maint.wayMahn. of equiptn't_Traffic expenses_ _Transportation exp.

Tot.exp.,inci.oth.

Net from raliroad Taxes (less war taxes).Uncollectible revenue_

Net after taxes, dm_


EARNINGS.

Freight revenue Passenger revenue -Tot., Incl. other rev.

Expenses-Maint.wayMalta. of equiptn't.Traffic expenses_Transportation exp_

Tot.exp.,Incloth.

Net from railroad_ _Taxes (less war taxes).(Incolleetible revolt tie_



EA It NI NO S.

Freight revenue Passenger revenue

Tot., incl, other revExpenses-M *tint. wayMalta. of equiptn't_'Pratte expenses_Transport talon exp.

Toc.exp.,Inel.oth.

Net from railroad.__Taxes (less war taxes)UneollectIble revenue_


Net after rents. Aver. miles or r'd oper.

EARNINGS.

Freight revenue Passenger revenue _ _

Tot., incl. other rev.Expenses-Maint.wayMnInt. of equipm't.Traffic expensem__ _Transportation exp.

Tot.exp .,incl.oth.

Net front railroad..Taxes (less war taxes).Uncollectible revenue.


Net after rents Aver. miles of r'd oper

Birmingham Southern-Month of December- -Jan. 1 to Dec

. 31-

1919. 1918. 1919. 1918.

2 2 2 232,587 68,281 434,080 1,167,152

10,383

44,5575,7777,524919

28,652

83,3115,4608,564711

70.725

567,349 1,397,25452,766 106,86772,442 252,0108,682 10,979

295,159 598,529

47,618 88,692 469,579 1.014,761

--7---5,730 97,775 382,49:1

6,563 36,885 26,864 95,121962

-9,625 -42.265 69.944 287.370

-12,483 -43,490 2:-37.--2 -306,711

29 27 29 27

Boston & Maine-Month of December- -Jan. 1 to Dec

. 31-

1919. 1918. 1919. 1918.

$ 2 $ $

3,929,494 3,226,791 43,303,174 43,085,443

1,725.042 1,649,638 21,812,786 19,048,390

6,441,185 5,734,750 72,583,879 69,911,392

974,120 1,522,587 9,566,430 10,018,497

2,061,627 1,764,608 15,216,933 14,175,173

45,240 49,325 495,803 480,808

3,604,381 4.035,546 38,266.685 37,504,330

6.906.030 7,572,144 66,023,667 64,430,771

--t-19T8 --rigrirgi -6,660,2i r '8,480,626

386, 74 253,013 2,393,099 2,190,399

132 123 1,061 123

-8s1,252-5i 4,166,051 3,290.098

rITTE-li '-2160,616 -8,188,71f 1,733,0082,258 2,258 2,258 2,258

Buffalo & Susquehasma RR Corp-Month of December- -Jan. 1 to D

ec. 31-

1919. 1918. 1919. 1918.

2 2 $ 2

133,960 178,399 1,975,390 2,138,357

7,691 7,690 81.847 70,036

145,25343,108110,5322,299

59,574

189,868 2,157,830 2,249,666

47,842 536,943 424,53191,691 1,157,831 839,7322,387 24,125 23,338

73,984 757.766 889,609

224,588 225,935 2,574.416 2,267.595

-r--17:15m5,400 6,300 41,150 Cr38,800

1 4

--84.736 -29,766 --457,740 56,728

.-----rrn '-----6-ag '-=---4-13,301 "-IWO296 296 298 265

Buffalo Rochester & Pittsburgh-Month of December- -Jan. 1 to

Dec. 31-

1919. 1918. 1919. 1918.

2 $ * 2

814,712 1,434,901 11,787,447 16,437,948

147,612 130.710 1,591,469 1,335,697

1,005,819 1,606,733 13,955,591 18,479.658

189,270 321,075 2,368.023 2,823,761

472,096 529,892 5,264.848 5,966.244

16,652 13451 175,926 187,923

592.813 665,666 6,800,537 8.179,786

1,309,219 1,570,365 15 028,726 17.577.207

-=116-5M 36,367' =rO73TT31 1-1O2,456

503 280,000 294.580

5 104 572 342

-303.405 35.760 -1353.76/ 607.527

-183, 6. ---g-,74 -1048,97 1,027:0

589 589 (See also on page 14)

Canadian Pacific Lines (in Me)-Month of December- -Jan. 1 to Dec.

31-

1919. 1918 1919. 1918.s $ S $

268,365 261,586 1,960,630 1,945,843

89,645 43,425 651,377 293,152

369,73851,618

. 85,9792,542

238.132

318,425 2,754.953 2.409.26041,983 612,706 546,28891,100 641,108 581,8511,664 30,658 28,949

219,059 1,709.804 1,507,053

381.609 357.468 3.034.808 2,697,158

'"="11-.1-43/ '•-=7179,8n18,433 21,452 146,733 137.952

-30,304 -60.494 --426.588 --425.850

11775713 --93,502 '--660,47 .--597,254

233 233 233 233

Carolina Clinchfield & Ohio-Month of December- -Jan. 1 to

Dec. 31-

1919. 1918. 1919 191S

2 2 $ s505,902 437,584 5,448,187 4,302,471

37,727 34.870 412.683 415.593

552,135 495,071 5,970,134 4,811,538

89,680 78,315 924,789 656,521

140,916 106,824 1,522,619 1,168,482

8,186 3,943 63,096 94,114

189.877 162.301 1.881.746 1.557,080

443.761 363.684 4.554,882 3.625,561

10 131,38 7:11"r2g2 1,185,97e

34.519 32,700 213,819 195.500

• ' 53 234 4

73,800 98.685 1.201,198 990,473

173,101 gn,544 7;14779-81 7760713282 282 282 282

Central of Georgia-Month of December- -Jan. 1 to Dec

. 31-

1919 191,4 1919 1918I t e e

1,255,630 1,046,022 13,136,534 12,877,851

625,056 626.734 6.489,994 5,876.487

2,104,875 1,902,040 21,696,510 20,692,888

413,684 • 151,645 4,368,741 2,981,908

408,329 427,218 4,471,773 4,131,793

47,163 29.603 427,147 377,070

848,398 710.443 9.242,120 7,893,215

1.785.088 1.376.309 19.236.564 16.018.177

"-M9,7/ 525.731 2,459.944 -4717171792,840 80.471 815,722 788,079

2.337 1.060 12.704 6.626

Central New England-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918. 1

I $ $ $

526,192 442,510 6,155,605 5,494,741

28,186 24.992 299,815 296,946

578,853117,474205,820

3,019332,236

507,837 6,757,408 6.063,155103,394 1,531,218 1,167,345'76,112 1,322,945 1,062,3512,157 35,221 20,616

272,283 3,081,493 2,998,794

665.897 479,225 6.144.172 5.396,353

--8i,043 ---7737611 613,236 666,802

37,677 Cr9,330 213,677 186,46919 1.129 279

--124,721-182,743

301

37.922 398,429 480,052

56,531 -1(i-Tr/i8 53,036301 301 301

Central Railroad of New Jersey-Month of December- -Jan. 1 to Dec. 31

-

1919. 1918. 1919. 1918.

2 $ $ $

2,758,385 2,648,173 32,709.113 33,387,854

663,793 831,372 8,530,339 7,753,315

3,910, 66 3,559,889 44,837,302 44,790,670

552,555 575,925 5,510.957 4,068,182

1,018,483 1,139,472 11,869,423 10,419,619

35,295 30,784 322,111 301,723

2.103,889 2,134,703 21,358,893 20,458,641

3,817,635 :3.991,212 40.273,950 36,369.270

-93,131 -431,322 4,563,351 8:421.40O

481,244 16,397 2,763,901 1,899,982

9 38 178 4,891

-388,122 -447,757 1,779,271 6,516,525

-382,564 -11T,T16 r-1,- 84,-55.=6-8.96

685 684 685 684

Central Vermont-Month of December- -Jan. 1 to Dec

. 31-

1919. 1918. 1919. 1918.

$ 2 2 S

371,936 329,131 4.255.202 3,799,879

85,321 76.285 1,075.588 847,284

513,886 453,071 5,852,308 5,188,812

53,944 84,798 1,077,905 819,180

129,337 257.910 1,501,457 1,323,477

10.874 5,033 96,167 89.610

322,705 378,098 3,519,556 3,187,154

539.369 743.691 6,432,888 5,588,538

-25,4 P'--580,5802,225 6,692 189,174 184,304

223 Cr2 526 168

--23,481 --283,930 --770,281 --584,199

411 411 411 411

11=M1111•Insviemmi mmumosen.....mse• .I.M.M.=••••••11=0

amilameramesom mo.moommwas

Charleston & Western Carolina-Month of December- -Jan. 1 to Dec

. 31-

1919. 1918 1919. 1918$ $ $ $

248.197 225,570 2,343,332 2354,489

62,858 81,887 630,765 713,000

323,62053,42854,2928,020

153,166274,660406411,683

319,811 3,121,836 -3.01577628,862 576,784 422,43530,099 596,317 457,5914,259 61,317 50,086

131,806 1,523,533 1,324,607

200.784 2.822,755- 2,317,402

-7-0-7= 601,3,4849,000 100,065 108,000

49 161

37.277 110,027 198,767 590,322

21.006 .."' i9,40 -OM342 342 342 342

Chesapeake & Ohio Lines-Month of Decetnber- -Jan. 1 to Dec. 3

1-

1919. 191x 1919. 1918

I I t I

4,389,621 5,257,483 53,073,001 55,720,372

902,460 1.412,091 14,158.153 13,629,892

5,675,676 7,089,616 71,475,015 7-37"720a96800,347 981,245 11,608,514 9,700,659

2,188,562 1,384,958 18.114.491 16,178,533

59,690 31.168 471,582 484,417

2,812,046 2.416,331 28,766,157 26,189,743

6,003,711 .1,945,602 60,676,473 64,143,001

=31W,VN 747417513 94 liK577,797346,239 175.000 2,165,079 1,920,000

271 469 5.569 2,800

-674,545 1.968,543 8,627,893 17,654,994

----=-TS,:eil -177TrOf -7,43,0M T7642,4042,516 2,484 2,505 2,479

Chicago & Alton-Month of December- -Jan. 1 to Dec. 31

-

1019. 1918. 1919 1918.$ t S I

1,684.533 1,559,066 17,330,784 17,249,856

528.977 482,131 6,404.080 5,567.435

2.382,108 2,156,516 25,272,334 24,358,661

338,601 452,240 4,287,849 3,522,418

795,082 560,922 7,359,845 5,996,530

20,932 15,088 292.379 316,521

999.783 1.038,270 10.903,751 10.238.655

224.609 444.199 1.631.520 3.880.005

191,045 475,83g -r55i,9.54 3,894,068

1.918 1,918 1,918 1,918

2,206.177 2,118,584 23.553,710 20,877,438

"T.936 ---17:1531 -17117115 ' 3-,681,n262,186 54,458 738,867 713,001

219 118 2.594 2.607

113,524 --16.645 977.162 2,965,622

-741S1 --132,10 ''..:--S61FP1-ir;r7477101,050 1.050 1,050 1,050

Chicago & Eastern Illinois-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 19182 $ 2 S

1,525,498 1,646,251 18,019,272 20,811.732419,580 406.666 4,883,306 4,030,670

2,172,123 2,225,996 24,795,180 §6,753,092167,050 466,757 3,663.391 3.559,040814,335 933,858 8,974,253 8,745,84221,656 14.719 254,553 269,567

4102,197 1.028,264 10,438,988 10,801,204

1,963,013 2,501,275 23,996,049 24,085,560

209,109 -275,279 ----/-0781 266,53180,000 79,591 885,591 940,349

963 71 5,383 4.052

128,146 -354,942 -91,844 1,723,129

1 ,999 -543,121 ' -455,6-68 1,539-,il21.131 1,131 1,131 1,131

Chicago & North Western-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1916$ I 2 S

6,773,052 6,853,559 92,084,613 87,630.7952,944,721 2,510,126 35,213,606 28,000.861

11,094,113 10,676,199 139589,915 127295,6781,683,209 2,136,245 20,696.215 19,490,6202,908,113 2,774,679 29,687,410 26,834,170

73,953 59,601 879,110 951,4576,502,376 6,435,044 64,202,497 58,833,776

11,541,479 11,760,601 119579,386 109498.572

..=44.7,3)J.5 -1084,401 '20,016,524 17;797,104527,459 567,481 5,752,459 5,497,481

1,024 901 12,450 26,667

-975,848'-1652,784 14,245,619 12,272,956

•=r2176-43 -1747;192 12,678,756 12,441.4318,090 8,090 8,090 8,090

Chicago Burlington & Quincy-Month of December- -Jan. 1 to Dec. 31-

1919 1918. 1919. 1918S S 2 S.

8,872,320 9,350,333 i07019,787 104492,8372,735,289 2,358,363 35,345,284 28,052,904

12,729,301 12,839,318 1-8.1)11,417 1441172,."-i691,409,106 2,057,549 21,487,642 19,996,3852,901,525 2,735,150 32,422,400 29,726,986

90,476 84,347 1,064,457 1,209,7966,198,492 5,681,481 60.170.509 56,825,202

11,044,825 10,463,976 120492,962 112067,616

-1,684,476 2,1751341 33,518,47 32.105,153785,530 95,729 5,744,553 5,511,594

2,833 16.357 31,580 16,357

896,112 2,063,255 27,712,341 26,577,201

---47:Cra1 11:---1 78-,156,53 25,01-6,0999,371 9,373 9,372 9,373

Chicago Great Western-Month of December- -Jan. 1 ro Dec. 31-

1919. 1918. 1919. 1918$ 2 S $

1,230,385 1,137,109 14,555,496 12,888,034474,955 412.655 5.979,146 4,756,820

1,859,494 1,685,459 22,128,189 19,116,924219,721 278,641 3,525,827 3,129,184506,208 481,936 5,010,518 5,130,65033,693 24,682 320,950 386,761

1,058,767 930.236 9,745,332 8,480,988

1.877,048 1,772,432 19,305,163 17,783,907

-17,554 -96,5728-21712r, 'T33382159,351 61,058 682,589 671,091

167 345 848 5,164

-77.073 -148.376 2,139,587 657,571

-1-182.36-2'7=1,74 .1,003'78 21,4561.490 1.490 (Soo also on page 14)

Chicago Indianapolis & Louisville-Month of December- -Jan. 1 to Dec. 31-

1919 1918. 1919. 1918S $ S $

733,284 702,844 8,366,514 7,602,549

246.018 247,925 2,891,919 2,462,523

1,077,901 1,045.275 12,355,826 11,017,274

122,357 151,605 1,464,706 1,303,189

331,568 299,842 3,304,501 2,951,589

15,897 12,750 172,144 190,186

540,798 427,118 5,384.032 4,548,118

1,052,067 914,480 10,764,781 9,291,784

--17;707 130,705 1,551,046'47,387 45,650 494,840 393,585

89 1,501 783

-21,643 85,144 1.094,704 1,331,120

--75,24 2,092 403,226 7 4, 06654 657 654 657

Chicago Junction-Month of December- -Jan. 1 to Dec. 31

-

1919. 1918. 1919 1918.

S 2 , t s

321,0621,964

60,50893

275,868

339,178 3,712,478 3,435,78469,529 738,908 626,72253,848 613,539 543,804

289 1,193 6,844268,725 2,789,214 2,529,565

344,310 398,773 4,224,210 3,792.094

"7=23,2 -69,594 -511,73r --356 A3§

10,771 6,141 39,488 29,15483

-34,028 -65,7:35 -551,303 -385,464

---Trird - -4,25f '=6-2-,176 133.5T12 .12 12 12

Chicago Milwaukee & St Paul-Month of December- -Jan. 1 to Dec.

31-

1919 1918 1919 1918$ t t e

8,481,292 9,429,864 106288,453 98,244,323

2,817,840 2,004,404 30,391,920 23,663,007

12,586,422 12,449,937 150370,394 134772,945

1,968,272 3,393,874 23,144,811 19,289,468

3,531,823 2,958,633 40,422,005 38.321,620

143,069 90,582 1,107,107 1,246,825

6,904,550 5.928,258 69.288.818 61,519,825

13,044,449 12,685,709 138561,704 123669,399

MITragir tr,103,545

439,771 526,584 6,306,997 6,331,690

7,892 224 139,420 44,647

-905.690 -762.580 5,362,271 4,727,207

1,20,65''-915,36t ̀ TX34-,844 3.884,421

10,628 10,646 10,647 10,675


6 RAILWAY EARNINGS [Vol,. 110.

EARNINGS.

Freight revenue Passenger revenue Tot., incl. other rev

Expenss-Maint.way.Maint. of equipm't_Traffic expenses Transportation exp_

Tot.exp.,incl.oth.Net from rallroad.. Taxes (less war taxes) _Uncollectible revenue_Net after taxes, &c_


EARNINGS.

Freight revenue Passenger revenue Tot., incl. other rev.

Expenses-Maint .wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp_

Tot.exp.,Incl.oth.Net from railroad..__ _Taxes (less war taxes)_Uncollectible revenue_Net after taxes, &c_


EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic

expenses..- _

Transportation exp _Tot.exp.,incl.oth.

Net from railroad_ Taxes (less war taxes)_Uncollectible revenun_Net after taxes <c..

Net after rent.. Aver. miles o doper.

E. ENINGS.


Expenses-Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp_Tot .exp . Ancl.oth.

Net from railroad.._Taxes (lass war taxes)_Uncollectible revenue_Net after taxes

Net after rents Aver, miles of r'd oper.

EARNINGS.

Freight revenue . Passenger revenue _

Tot., incl. other rev.Expenses-Ma1nt.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp..

Tot.exp..incl.oth.Net from railroad_ _Taxes (less war taxes)Uncollectible revenue_Net after taxes, Sze_


EARNINGS.


Tot.. Incl. other rev.Expenses-MaInt.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp _

Tot.exp.,incl.oth.Net from railroad_ __ _Taxes (less war taxesl_Uncollectible revenue..Net after taxes, &c


EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses Transportation exp _Tot .exp..incl .oth.

Net from railroad Taxes (less war taxes)_Uncollectible revenue..Net after taxes, &c_

Net after rents Aver. miles of r'd over. I

()Mew Peoria & St Louis-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1913.$ $ s s127,847 124,754 1,321,917 1,763,21124,258 25,620 305,127 265,161161,30246,32982,3585,323

128,135

159,282 1,736,078 2,147,46679,008 461,549 425.15675,718 813,963 784,9313,510 35,607 44,301132,590 1,070,840 1,197,681

280,699 304,729 2,495,179 2,541,163ii1i3Ti7' -145,447 -759,101 -393,6973,212 7,400 78,079 90,8033 18

--122,613 --152,847 --837,198 --484,500--116,768 -152,123 --868,505 --529,254247 247 247 247Chicago Rock Island & Gulf-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S $ s371,492 254,428 3,638,605 3,073,785108,496 70,761 1,101,045 1,072,938509,59463,77576,0326,779

227,727

354,541 5,046,028 4,420,00879,851 776,508 649,07897,483 880,146 729,2836,106 83,811 85,772163,565 2,202,073 1,712,774

387,998 361,105 4.099,715 3,328,097121,595 -5,564 '---01e-7,312 1,091,910

5,928 158,121 147,03044 1,087 465 2,029121,551 --12,580 787,726 942,850121,408 -3,358 720,991 968,731463 474 463 474

Chicago Rock Island & Pacific-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S $ $6,854,462 5,585,400 73,514,705 66,112,4322,576,027 2,287,586 31,401,389 26,818,29310.151,118 8,423,884111,578,655 99,869,5562,043,173 1,687,973 19,014,613 14,750,8552,689,116 2,556,361 25,791,768 24,782,394113,906 73,256 1,248,048 1,177,7904,902,788 4,111,422 48,144,860 42,643,8299,970,237 8.653,167 97,022,766 86,098,574180,880 -229,282 14,553,888 11:70530,586 457,614 4,545,793 4,302,8621,641 733 8,464 9,530

-351,347 -687,630, 10,001,631 9,458,589--471,034 -703,752 8,218,751 8,211,68-37,595 7,731 7,595 7,778Chicago St Paul Minn & Omaha-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.s S $ S1,599,068 1.528,776 18,335,828 16,897,812648,128 567,029 7,589,482 6,238,8062,412,131 2,245,994 27.732,018 24,829,981260,720 334,969 3,838,174 3,056,376562,972 402,399 5,230,102 5,055,95830,299 14,990 265,361 244,7911,273,282 1,138,852 13,079,739 11,720,7932,207.082 1,960,900 23,316,464 20,884,199205,049 285,094 4,415,553 3,945;781111,697 90,866 1,309,002 1,288,404514 727 5,473 5,46492,837 193,500 3,101,078 2,651,912-717717 ' 175,038 2,677,246 17,M7M1,749 1,749 1,749 1,740Chicago Terre Haute & Southeast'-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S . S $326,039 355,537 3,721,64g 4,644,20122,716 23,595 261,564 255,467

358,49448,066144,1762,748

146.977

386,493 4,094,195 5,000,95685,357 670,521 661,511149,634 1,826,985 1,713.8596,127 36,738 46,452152,197 1,603,768 1,813,200354,658 404,446 4,265,222 4,373, 493,836 -17,952 '-171,027 627,90621,301 14,500 180,801 174,0004 19 98

-17,464 -32,456 -351,848 453,80722,264 -32,788' 283,838-374 374 374 374

Cincinnati Indianapolis & West-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S $ $ $262,238 191,618 2,276,907 2,319,50955,368 46,301 644,485 531,510343,33877,126

115,7565,548

178,272• 391,633

..72170-9714,560

8

268,712 3,204,57071,542 637,80584,900 1,053,0064,903 65,239

123,063 1,602,659296,128 3,589,654

-27,415 -385,08310,868 140,182

87

3,137,152512,005935,90672,845,

1,494,35213,151,063

' Colorado & Wyonting-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1913.S s S1t,013 22,356 253.771 336,0521,152 924 14,217 24,97225,3112,7717,341240

16,210

90,7378,7474,243133

47,625

915,650 1,123,240114,610 124,283176,176 181,185

1,810 2,010413,167 496,703

30,231 64,701 750,971 855,142-4,920 • 26,035 164,6761 268,0984,000 5,179 48,000 48,623

9• --8,920 20.856 116,679 219,465-10,503 19,485 80,327 190,78043 42 43 42Colorado & Southorm SystemColorado & Southern-Month of December- -Jan. 1 to Dec. 31-1919. 1918 • 1919. 1913.828,579 1,160,000 9,701,856 10,114,942189,976 134,149 2,510,935 2,019,672

1,105,987 1,368,571 12,976,643 12,947,687136,424 130,826 2,086,269 1,481,242258,861 381,033 3,108,389 2,899,03510.340 6,685 104,018 99,141453,194 441,084 4,855,574 4,539,092887,087 1.004,896 10,661,265 9,506,897218-,899 -363,675 %,315,378 3,440,78950,628 47,000 567,628 664,000717 144 4,592 1,055167,553 316,530 1,743,158 2,875,754193,009' ̀-- 10,475 .1738-,7-21 2,803,6091,099 1,100 1,100 1,100

Tort Worth & Denver City-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S s $ s621,697 565,869 7,112,886 5,611,411386,185 177,522 3,615,777 1,987,6101,052,636 800,143 11,162,302 7,950,341122,494 86,451 1,100,557 792,874212,919 120,382 2,188,479 1.741,3184,116 1,572 54,668 53,033449.012 297,820 4,068,431 3,144,589

815,129 530,775 7,749,233 6,036,622237,507 260,368 •3,413;068. •wl ,613,71934,379 2,196 257,541 231,886276 6 1,507 202202,881 267,165 3,154,020 1,681,630

•••"•=24,12 •"---2-5-57Fd ..2,844-,5801 %,/45,00454 454 454 454Trinity & Brazos Valley

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S s $ $150.660 102,014 1,121,669 883,18130,577 23,448 268,258 173,489187,66030,25852,7272,136 82,225173,270

122,125 1,454,328 1,162,73032,765 504,199 343,42844,076 540,940 499,0661,924 22,151 21,73768,718 748,497 622,893155,677 1,902,270 1.582,735friVY -33,551 -447:041 -420,00411,253 1,100 83,409 68,5748 112 1573,127 --34,652 531,464 --488,736

130 --34,150 --614,644 -434,404368 368 368 368Delaware & Hudson-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S s $2,435,436 2,278,828 29,483,444 30,104,926244,333 183,881 3,255,750 2,804,0562,880,843 2,601,704 34,749,709 37-773-9,864149,973 381,841 4,177,864 3,737,523884,683 867,731 9,980,056 9,536,06320,031 16,247 237,029 254,6721,508,769 1,335,001 15,606,750 16,556,0752.707,480 2.722.071 31,671,504 31.353,M173,36'2 -120,3-7 3,07872-a T,T3-6-,67;195,260 58,918 009,260 849,2801.056 8.643 1,667-22,953 -179,286 2,160,301 2,585,12222,113 -236,146 2,046,122 .1,446,263875 902 - 875 902

Delaware Lackawanna & Western-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1s918S s 2

4,584,784 4,379,726 51,895,400 50,297,399986,749 1,019,425 12,380,787 11,204,8136,307,146 6,009,722 71,824,047 611,74-11,078620,534 721,606 7,682,365 5,552,5411,326,544 1,299,064 15,132,814 13,337,60243,965 46,665 495,946 664,0872,925,170 2,610.665 30,661,440 28,613.367

-13,9111123,9171

5.099,424 4,831,818 56,065,250 42,_____925,6841,207,721 1,117,904'

359,946 3,449,429 2,941,212198 2 21,955 19.273-62,864 -38,283 -525,353 -137,828-=772-,1-81 -66,617' -•-75-97,5l8 -1-67. -5,-4-1/321 321 321 321Cincinnati New On & Texas Pac-Month of December- -Jan. 1 to Dec. 31-1919 1918 1919 1918$ 2 s It •972,354 1,008,348 11,871,983 10,347,638308,153 466,505 3,598,768 4,158,6491,383,521 1,554,886 16,313,685 15,478,641340,20521 108,267 2,610,341 1,394,508295.380 •• 529,553 5,188,286 4,662,34924,122 " 9,611 275.589 254,71+734,230 552,942 6.022,979 5,940,05411,440,268 1,229.769 15,499.094 12,604,040-56,747 '----3-25,117 814,590 2.874,60r238,095238,095 180,519 652,309 500,019106 442 6.685 1,208

-294,900 244.154 165.595 2,373,373=1-74-047 --128875-26 519,243 3,0T774-6k337 337 337 337

1,207,522 817,955 12,287,411 15,853,0061,248,382 794,401 11,947,363 mnr,m ic011,66-6956 955 955 055

Denver & Rio Grande-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918$ s 2 22,400,849 2,376,678 24,099,451 21,634,502571,746 342,605 6,922,473 4,922,2793,165,636 2,869,532 33,016,256 31,352,213295,960 508,039 4,856,556 4,635,700721,385 753,085 7,923,545 8,040,80222,392 14,175 241,397 264,3441,152,620 1,086.499 11,295,476 11,260,0092,299,764 2.455,559 25,656,971 25.293,475865,881 413,072 7,359,28A "7,b7rffl150,000 62.000 1,380,000 1,197,000812 105 5,615 3,212715,068 351,867 5.973,669 4,858,526781;141 366,709 6,-O33,17-5 TT2,585 2,651 2,593 2,611

Denver a Salt Lake-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S $ $218,05425,110

39,00215,582

2,382,874438,995

1,676,857302,32;

252.83564,306172,448

1,376158,383

61,85980,60668,022

69173,888

2,911,040858,857

1,192,25511,600

1,583,502

2,055,509760,922845,18411,455

1,222,468401,802 226,5003,708,605 2,889,658

-148,96630,000

86

.7-7617TIT "=T97,74749,000 129,000

3 669

-834,040108,000

13-179,053 --173.645 --927,234 --942,0621=781747 =1773751511 ."-L761747 =081,468255 255 255 255

Detroit & Mackinac-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1913.S S $ $98,532 120,288 1,188,803 1,128,35239,395 31,357 401,038 325,346149,056 159,841 1,687,341 1,557,03326,104 21,19921,199 268,161 273,42556,078 58,304 464,299 437,3731,888 625 32,195 26,521108,657 58,870 808,087 687,756109,726 141,245 1,679,625 l488,451

--50,670 18,59g 7,715-Man7,948 10,341 92,631 90851 1,581

-58,619 8,254 --84,917 --32.790--:=6674.75" 7,094 ....-90,291 31--,N6381 381 381 381

Detroit & Toledo Shore Line-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S s S202,749 196,495 2,421,879 1,960,970

203,03844,5699,2393,155

79,561

204,22817,6756,658358

63,746

2,458,3941,999,025275,735 149,937213,962 222,43515,675 17,153

738,629 663,119140,984 0 031 1,298,857 1,097,30562,053 -177471-97 1,159,537 901,7197,900 7,157 107,995 129,03/

6 54,153 107,039 1,051,534 772,67118,130 '•-•r)I.11:1,07 460,19461 61 61 61Detroit Toledo & Ironton-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ S 3

261,068 287,476 3,389,865 3,40,61716,311 14,115 163,592 145,200293,058 322,593 3,765,755 -5,71i-377/1144,210 72,533 1,129,133 724,67651,977 109,454 1,105,428 1,010,4323,351 2,107 37,103 45,415194.046 105,886 1,821,636 1,875,433, _05 580 390,603 4,256,551 3,705 140--=urTer --68,009 -490.700 -3810d9,041 5,400 109,351 103,300

308 170--120,662 --73,409 --600,546 7:78E170-131,403 -113,080 -719,588454 457 455 459

Duluth & Iron Range-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S S s $84,488 83,335 7,114,956 8,517,29025,468 23,755 271,883 232,475128,41853,862106,729

721115,741

110,151 7,961,606 8,978,92959,300 1,050,528 1,163,394100,737 1,195,559 1,134,256402 5,810 8,547138,526 2,141,177 2,279,848295,720 313,177 _1,571,155

=167,310' -194,026 -3,M8-,117;4,234,1878,186 6,116 403,429 514,47651 168 1,205 706175,548 -200,311 2,98:1,815 3,719,004

=Trtra; 190,660 7.(T51,715 7,03TM.292 292 292 292Duluth Missabe & Northern-Month of December- -Jan. 1 to Dec. 31-1919. 1018. 1919. 1918 .s s $ s175,483 166,886 17,950,814 20,214,74849,428 44,322 543,566 443,549260,051185,207144,1152,471

187,088

242,144 19,004,713 21,545,276142,145 1,073,980 1,902,944143,076 1,671,561 1,722,2622,822 26,954 34,252163,997 3,860,631 3,788,755530,626 474,049 7 789 451 7 957 4327:7231,9073 sT2t7t762) -174777',7:189,089 17,151 896,024 1,339,76413 13

-368,678 -249,056 11,309,221 i 2,248,0773-.5,06s -2,2,,a8 11,323,7Li 12,4(35,247407 410 410 411; uluthSouth Shore Lis Atlantic-Monti i of December- -Jan. 1 to Dec. 31-1919. 1918 1010 1918$ $ $218,040 231,014 3,201,976 3,506,033110,820 84,835 1.235.685 1,012.274361,188 333,257 4,758,601 4,824,18654,134 95,134 925,068 091,64294,885 71,110 874,679 748,1055,311 4,286 65,517 77,020246,248 185,212 2,368.608 2,288,096417,092 368,532 4.405,567 4,263,026• -553ra -35,274 353.033 "•7117716546,241 5,652 269,244 223,92340 7 295 33--102,186 --40,034

-105,679 40,206 -117sr,Nrg598 601 599 8 1

83.493 -715-72-(6)

4

11"


FEB., 1920.] RAILWAY EARNINGS

EARNINGS.



Maint. of equipml.Traffic expenses _ _ _Transportation exp..

Tot.exp.,incl.oth.

Net from railroad_Taxes (less war taxes).Uncollectible revenue..



EARNINGS.

Freight revenue Passenger revenue _ _ _

Tot., incl. other rev.Expenses--Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp_

Tot.exp.,Inci.oth.

Net from railroad_ __ _Taxes (less war taxes) _Uncollectible revenue_

Not after taxes, &c.


EARNINGS.

Freight revenue Passenger revenue _

Tot., Incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp_

Tot.exp.,Incl.oth.

Net from railroad _ _Taxes (less war taxes).Uncollectible revenue_



EARNINGS.

Freight revenue Passenger reenue__ _


Maint. of equipm't..Traffic expenses_ _ _Transportation exp.

Tot.exp. ,incl.oth

Net from railroad.._ _ _Taxes (less war taxes) _Uncollectible revenue_

Net after taxes, &c..


EARNINGS.



Maint. of equIpml-Traffic expenses Transportation exp.

Tot.exp.,incl.oth.

Net from railroad.._ _Taxes (less war taxes)UncollectIble revenue..Net after taxes, &c_

Not after rents Aver. miles of r'd oper.

EARNINGS.


Tot.. Incl. other revExpenses-NIaint.way

Nlaint. of equipm't_Traffic expenses_ _ _Transportation exp _

Tot .exp . ,Inci .oth.

Net from railroad _Taxes (la s war taxes)Uncollectible revenue.


Net after rents Aver, miles of r'd ()per.

EARNINGS.

Freight revenue Passenger revenue_

Tot., Incl. oaler rev.Expenses-Main t.wayMaint. of equIpm't_Traffic expenses....Transportation exp.

Tot.exp.,Incl.oth.Net from railroad.... -Taxes (less war taxes)..'One IlectIble revenue_



Duluth Winnipeg & Pacific ;-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 19 lb. I$ S $ $ I

125,336 119,827 1,546,567 1,400,221

32,316 23,593 311,028 266,469

160,936 147,986 1,913.689 1,712,066

27,994 23,493 384,414 258,924

41,130 23,865 381,093 287,127

2,500 2,483 30,701 33,633

89,347 72,172 853,921 828,142

171469 .127,825 1,756,698' 1,485.403

-10,232 -----WTi-i.;1 75776-6 226,663

7,9921

9,270 102,227 96,2912 7

,_-18 226 _10 880' 54,760 1:30,364

40,513 --UMW "7-39747 217,639••••••••=11

178 178 178 178

East St Louis Connecting 1-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

2 $ $ $

130,39321,615Cr1,888

273111,870

80,346 1,229,438 1,118,3826,203 178,758 142,38113,430 233,128 247,562

180 3,268 3,502'80,991 906,179 874.684

135,240 • 103,370 1,361,220 1.316,629

-4,847' -217.77-24 -131781' 197,147

2,544 2,000 30,408 26,268,2

-7,391 -25,024 -162,190 -223,418

-42,084 ..--328,254' ="38T5733 3 3 3

Elgin Joliet-Month of December-

1919. 1918.

1,223,699 1,705,669 1 5

1,995,302 "2T-)3--7-,562110,180 121,932404,243 421,612

5,551 6,380683,272 762,298

1,228,951 .1.:342,503

766,353 695,0-5148,067 40,556

006

& Eastern-Jan. 1 to Dec. 31-

1919. 1918.

16,095,220 17.708,548102 127

19,310,380 20,685,0481,865,497 1,772,7754,967,559 5,078,665

80,817 80,9037,532,884 7.555,016

14,752,622 14,785,276

74,557,851 5,899,77640,087 599,056

888 2

716,477 654,503 3,916,881 5.300,712

604,628 643,432 17271747 -4;77.7:075832 809 829 807

El Paso & Southwestern-Month of December- -Jan. 1 to Dec. 31-

'419. 1918. 1919. 1918.

876,775 977,886 9,983,205 11,785,974

200,734 156,310 2,196,838 2,334,457

1,051,049 -1-,07,05 12,761,390 14,790,467232,510 132,173 2,290,442 1,416,319

224,243 220,877 2,528.666 2,471,400

12,288 9,521 120,726 155,628

315,595 344.388 3,542,638 4,165,189

822,777 720,441 8,886,442 7:11174579228,272 50I,831 -rermr .8461,44798,007 258,885 724,181 1,210.901

315 Cr287 777

129,949 243,233 3,149,989 4,950,546

117,438 247,33g 2,995,609 Ti1,027 1,027 1,027 1,028

Erie Systemart.

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.

6,172,739 6,224,504 69,818,949 67,683,7011,049,712 1,085,382 13,510,783 11,689,242

8,120,383 8,176,460 91,797,507 87,855,460697,799 577,402 10,503,021 10,775,540

2,372,722 2,647,023 28,663,326 28,462,30470,415 51,717 756,703 845,098

4,348,371 4,843,084 44,952,178 45,030,329

7,750,952 8,322,979 87,815,836 87,663,773

n71116-,431 =RCM -3,91.11'6"320,433 121,969 3,393,005 2,331,677

3,315 1,467 23,355 7,236

45,682 -269,955 565,309 -2.147,226

244,739 =20,66g -203-.913. =-1-7-679,601,989 1,989 1,989 1,989

Chicago & Erie

-Month of December-1919. 1918.2 2

722,714 002,33073,306 119,753

-Jan. 1 to Dec. 31-191e. 1918.S $

8,387,466 9,116,2021,104.934 953,506

896,545 1,137,352 10,401,39g 11,039.82371,057 237,310 1,123,059 1,836,862

133,803 167,859 1,719,312 1,938,4429,530 12,141 126,283 161,660

558,552 565,523 5.318,198 5,509,710

803,916 1,011,842 8.655.726 -1-/,'7-4-an

92,629 "--T21UT 1,745,671 M08:70547,117 Cr29,150 420,082 328,517

710 811 45

44,801 154,660 1.324.777 970,137

1.7g77sff 57,310 189,069 74"8r,261269 269 269 269

Florida &met Coast-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

607,449 451,273 5,986,109 5,062,713

292,086 282,646 2,997.315 2.578,389

996,519 821,685 10,121,222 8,841,222155,069 121,002 1,690,238 1,176,625

163,050 170,091 1,842,366 1,540,2859,639 6,722 97,056 109,506

347,509 381,442 4,310.713 3,798,948

700,490 703.670 8.260,615 6,742.703

=arm -rm. 1,860,606 ..27098,51421.490 23,532 440,279 420,396 40 18 2,674 1,879

274.497 94,463 1,417.652 1,676,243

240,157 102,883 1,430,535 I.Mil36764 764764 764

Fonda Johnstown & Gloversville-Month of December- -Jan. 1 to Dec. 3

1-

1919. 1918. 1919. 1918.2 2 2

35,730 29,608 405,848 354,233

72,208 64.584 796,040 714,898

112,064 99,156 1,251,651 1,123,133

12.644 11,384 143,976 117,249

8,989 8,676 106,560 .97,337

598 598 7,422 7,444

41,480 58,741 483,783 413,119

69,379 66,091 803,399 696,888

42,685 n.--53,065-4717717 426,24g

5,683 3,222 64,583 55,522

37,001 29,842 383,667 37-0,725

35,931 26,615 379,401 321,182

88 88 (See also on page 14)

Fort Smith & Western-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

112,241 84,451 1,195,997 897,392

35.230 30.011 351,902 302,486

155,82129,72324,5814,08550,228

121,659 1,646,460 1,296,85713,718 303,716 200,90129,400 374,004 341,1313,479 45,194 37,28646,113 577,721 466,656

117,084 99,436 1,387,226 1,120.474,...

38,736 22,222 259,233 170822,410 2,815 57,410 53,815

5 317 1.364 411

36,320 19,089 200,458 ' 122,154

33,672 25747:4 -777,772 186,73/

253 253 253 253

Galveston Wharf-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

2 $ 2 2

=37.§g538,881

721182

39,463

111,71411,3251.761133

28,912

988,814 1,049,837355,245 142,69810,993 18,892

350 3,609343,314 331,943

97.440 59,332 871,913 --W6'

52,382 116,901 362,14g

18,023 5,128 155,523 138,428

18,469 47,254 -38,62/ 223,720

24,930 -47171 • -32,167 226.40r13 13 13 13

Georgia-Month of December- -Jan. 1 to Dec. 31-

1519. 1918. 1919. 1018.$$ $314,780

, 376,183 4,129,028 4,196,619

168.527 222,877 1,815,544 2,085,482

521,631 637,528 6,389,987 6,716,502

61,072 61,078 676,588 513,568

110,651 85,926 1,086,382 U 897,299

12,485 6,303 102,172 90,093

273,863 296,505 2,989,572 ''2,689,287

479,795465,753 5,064,006 4,358,M

41,336 ..-M774 1,325,981 2,357.736

10,762 5,950 77,212 75,06232 8 94 173

31,041 165,795 1,248,674 2,282,494

-4,77 175,151 -1,314,328' 2,246,56g

328 328 328 328

Georgia & Florida-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

S s $ $58, 61,082 679,074 752,195

27,238 27,970 257,132 213,770

90,36747.42725,3262,608

63,371

90,170 998,345 1,021,74321,844 407,893 272.47814,862 244.858 169,7101,982 23,538 33,163

51,645 643,032 518,178

144,191 95,703 1,386,833 1,049,361

---L---67gn - -6-s11 -388,487 '.----:---'-27-TiO

11,579 6,133 57,798 52,78722 780 579

-65,403 -=11,689 -447_.067 -80,985

-68,458'"--=1-27g =--44,001- TLITS7-148

348 348 348 348

Grand Trunk LiAtlantic & St

-Month of December-1919. 1918.414,596 470,75732.946 26.166

497,176 563.511Cr6,028 95,096154,20 39,6263,140 2,190

113,519 274,972

312,703 453,689

184,472 .-117,771:10,892 38.164

173,580 71.657

123,407 .."--"-8.72-a172 172

rues in New Eng.Lawrence ER-Jan. 1 to Dec. 31-

1919. 1918.2,645,294 2,017,861461,408 307,889

176347-87 2,667,6061,099,430 572,117658,291 571,67334,549 33,521

1,072.447 1.781,591

4.W-79.r-a 3,157,382

=773741- -489,75152,392 183,640

25

-827.634 -673,440

-777.67 -1,105.677172 172

Grand Trunk Western(Now includes Det Gr Hay & Milwaukee b

ac

Chicago Det & Can Gm Trunk Junction"

-Month of December- -Jan. 1 to Dec. 31-

1,406,126 1,640,605 16,823,695 14,820,434

323.938 347,001 3,635,949 2,829,554

1,933,576 2,211,029 22,342,065 19,376,032

191,468 234,308 2.777,832 2,578.796

649,087 128,776 4,024,821 4,542,156

16,505 9,247 201,130 277.385

1.087.823 801,170 10,336,867 9,271,215

2.022,039 1,228,771 18,029,404 17,240,052

982,2e .4,30.67ra 2,135,956

62,665 18,748 633,634 601,6811,099 2 4,925 4,111

-152,227 963,506 3.674,106 1.530,187

-444,684 "--070,626 ̀-.2,236,991 188,791Ion 1,002 1,001 1,015

Great Northern-Month of December- -Jan. 1 to Dec. 31-

1919. 19j8. 1919. 11118.

5,579,431 7,718,127 77,351.472 76 .9f7.445

1,580,458 1,364,762 19,623,859 15,672.419

8,089,469 9,848,200 106533,738 TOWS6-5M

1,323,305 1,786,867 18,150,393 17,391.119

1,994,596 3.864,470 20.194,704 20,754.68455,160 35,265 678,087 778.988

4.128,647 4.347,914 44,457.165 43,002.265

7,802,287 10,240,534 86,728,017 AT:575-COC

-302,334 19,805,720 16,271.49f

1,143,390 51,236 7,099,644 5,626.103

1,707 362 9.553 6,165

-864,895 -443,933 12,696,523 10.639,22g

-843,602 -474,891 12,459,618 11,978,790

8,176 8,257 8,218 8.258

Green Bay & Western-Month of December- -Jan. 1 to Dec. 31.-

1919. 1918. 1919. ,„ 1918.

$ $ $ s55,414 67,702 932,376 781.39219,347 11,570 203,061 166,149

83,094 78,755 1.213,613 1,019.05616,570 15,827 251,517 178,71831,381 17,013 311,770 248.2401,017 508 12,961 12,193

45,459 40,657 510,703 422,247

. 96,218 73,011 1,109,590 884,105

-13,123 5,743 104,022 134.9564,360 5,570 52,711 55,548

-17,483 173 51,310 7_,_.9 400

18,246 1,772 45,844 -----117,00

252 253 252 253

Gulf & Ship Island-Month of December- -Jan. 1 to Dec. 31-

15,19. 1918. 1919. 1918.s S S

181,665 112.438 1,758.749 1,737,68852,239 52,743 552,943 605,471

249,189 182,479 2,496,260 2,548,05955,988 54.133 LI 650,073 524,44757.589 37,637 t 455,7865,371 4,734 ''(50,64744,985

103,276 95,756 1,043349 888.676

232,451 201,821 2,464,709 2,033,132

16,737 -19,341 31,551 514,92f24,044 21,924 155,115 136,088

175 16 1,056 520

-7,482 -41,282 -124,620 378.318

-38,178 -86,427 363,664307 307 307 307

Gulf Mobile & Northern-Month of December- -Jan. 1 to Dec. 31-

1111. 118. nee. rsis.

181,311 159,927 2,112,676 1,867,94961,106 48,365 567,466 426,398

--=7-,Pnrs

254,163 219,352 2,823,506 2.418,29278,087 53,095 637,501 431.54168.839 62,711 686,546 557,4487,048 6,050 71,060 56,227

121,704 109,416 1,298,091 999,167

285,361 240,705 2,803,550 2,154,807

- -1,197 .-"2-721,35 19,955 263,48425,169 14,510 149.546 135.745

16 7 679 as-56,383 -35,871 -130,270 127,703

--72171,-816 -33,395 -108,675 -70781487 424 438 407

Hocking Valley-Month of December- -Jan. 1 to Dec. 31-

191. 19. 1918.2

199. • 191s.S

706,994 558,667 9,703,937 11,343,613111,740 97,177 1,228,282 1,038,843

856,710 I-6KM 11,654,516 13,155,861104,102 124,259 1,329,867 1,490,446401,274 296,291 3,935,247 3,718,009

6,596 5.270 72,020 83,422

394,033 348,799 4.109,051 4,912.856

926,710 795,113 9,692,604 10,448,792 •

-"--fr9T,g79' 1,961,912 2,707,06895,034 Cr65,617 614,152 634,842

4,164 114

-1(15,035 -161,486 1,343,695 -27137274. 5

. -96,961 -134,088 1,440,182 2,567.480350 349 350 349

Illinois Central-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.S s S s

6,747,875 6,334,742 75.831,458 79,271.487

2.207,365 2,086.242 24,300,756 20,543,263

9,752,374 9,130,043 107886,835 107E-0611,774,643 1,631,885 19,595,656 16,301.1042,722,119 3,321,638 29,897,945 26,615,299

93,714 67,918 947,428 855,452

4,806,474 4.056,426 45,384,833 43,214,596

9,610,711 9,366,754 98,911,079 90,184,410

-111 ;67315: --2/16' '8,0-75,755.. 17,135,850546,487 346,921 5,204,667 5,036,609

5,478 735 33,848 14,168

-410,302 -584.368 3.737,239 12,085.072

=-076831-68-67071 -4,161,504' 12,907,46g4,799 4,782 4,793 4,781

International & Great Northern-Month of December- -Jan. 1 to Dec. 31-

1919. 1918.A

1919, 1918.2$

• 800,897 757,275 10,061,736 8,859,714

319,135 291,577 3,413,972 3,597,255

1,216,735 1,178,349 14,410,300 13,476,888

305,373 274,237 3,314,863 2,103,699342,961 341,734 3,859,166 3,083,45213,991 9,323 160,018 159,153

693,629 534,843 7,263,431 5,858,605

1,409,868 1.202.831 15,189,587 11.643,003

-193,132 -214W/ -770.2'86' 1,833,8416,002 60,000 319,383 390,000

65 2 1,282 2,042

-209,200 -84,484 -1,099.952 1,441,842

.-$21 -65,973 -1,413, 44 1,372,2861,159 1,159 1,159 1,159


8 RAILWAY EARNINGS

EARNINGS.

Freight revenue Passenger revenue_ _ _Tot., incl. other rev.

Expenses-Maint.wayMaint. of equipm't_Traffic

expenses_- _

Transportation exp _• Tot.exp..incloth.Net from railroad_ _Taxes (less war taxes) _Uncollectible revenue_Net after taxes, &c_


EARNINGS.

Freight revenue Passenger revenue_ _ _Tot.. incl. other rev.

Expenses-Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp_Tot .exp .,incl.oth .

Net from railroad_ _ _ _Taxes (less war taxes) _Uncollectible revenue_Net after taxes_ __ _


EARNINGS.


Tot., incl. other rev.Expenses-Maint .wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp.

Tot.exp.,incl.oth.Net from railroad_ _ _ _Taxes (less war taxes) _ITncollectible revenue.Net after taxes, &c..


EARNINGS.

Freight revenue Passenger revenue _ _ _Tot., incl. other rev.

Expenses-Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp.

Tot.exp.,incl.oth.Net from railroad_ _ _Taxes (less war taxes)_Uncollectible revenue_Net after taxes, &c..


EARNINGS.

Freight revenue Passenger revenue_ _ _Tot., incl. other rev

Expenses-Maint.waMaint. of equipm't_Traffic expenses.. _Transportation exp.

Tot.exp.,incl.oth.Net from railroad_ _ _ _Taxes (less war taxes).Uncollectible revenue_Net after taxes, &c_

Net afterrents Aver. miles of r'd over.

EARNINGS.

Freight revenue Passenger revenue_Tot., incl. other rev.

Expenses-Maint.wayMaint. of equipm't..Traffic expenses _ _ _Transportation exp.

Tot.exp .,incl.oth.Net from railroad_ _Taxes (less c r taxes) _Uncollectible revenue_Net after taxes, &c_


EARNI:EGS*

Freight revenue Passenger revenue _ _Tot., Incl. other rev.

Expenses-M aint.wayMaint. of equipm't.Traffic expenses_ _ _Transportation exp.

Tot.exp.,Inci.oth.Net from railroad....Taxes (less war taxes).Uncollectible revenue.Net after taxes, &c_

Net after rents. er. miles ofr'd oper.

Kansas City Mexico & ()dealt RR-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $124,006 53,890 1,231,698 1,040,23418,054 10,960 213,662 155,393149,35843,26037,9412,979

106,891

69,824 1,511,840 1,259,67432,396 527,646 259,36739,616 518,192 540,3491,333 23,835 37,86660,350 842,464 680.356198,458 141,569 2,005,821 1,604,682

=WOO' -7=7-170 .=-497.170-gr. -345.00/25,325 4,286 94,126 73,156182 1

--74.425 --76,031 --588,289 --418.165- 2, 06 --65,16-Ti --553,137 --334,318272 272 272 272Kans City Mex & Or Ry of Texas-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.* $ s120,047 60,891 1,037,913 976,44531,469 10,935 216,498 147,556

166,14332,47649,7921,336

107,751200,363

20,05375

77,131 1,322,209 1,188,65641,663 408,108 289,24442,699 538,902 463,2401,248 23,438 30,00262,658 858,838 666.265156,168 1,926,689 1,513,657

-79,036 -61:T:C48-o- -325,0669,031 74,959 64,031188 698

--54,350 -88,068 -679.628 --389,730--55781ff --43T ----693-,47117' --361,530465 465 465 465Kansas City Southern SystemKansas City Southern-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 19,19 1918.1,097,913 989,149 11,432,962 11,858,056262,872 241,959 2,502,509 2,241,142

1,468,744170,853327,47239,148

458,2831,034,088 434,66ff61,255

316

1,387,027 15,111,997 15,250,406275,835 2,297,667 1,486,143396,328 3,347,836 3,014,9746,564 216,580 211,531615,803 5.829,505 6,035,899

1,291,779 12,145.954 11,525,00095,248 2,966,0Z 3,725,46167,326 767,391 694,447

59 5,695 2,291373,083 27,862 2,192,955 3,028,66726,8T7 12,397 1,917,37N ' 2,782,9N774 774 774 774

Texarkana & Port Smith-Month of December- -Jan. 1 to Dec. 31-1919. Ur. liik19. 19e.$ $43,597 100,001 1,143,567 998,44825,032 19,869 220,843 190,566

81,03625,11020,7481,168

55,766

127,060 1,495,013 1,281,1211,064 229,582 141,59312,462 260,366 156,638Cr478 12,964 18,76437,750 648.366 470,347105,608 54,745 1,183,132

-24,572 "--72731.5' 311,5806,538 2,939 79,04722 121

838,558442,54392,852

731,132 69,375 232,711 '349,703- :0-7471 71,269 252,32T 310,03487 81 87 81

Kansas City Terminal-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918

119,712 108,877 1,388,293 1,247,82916,750 22,335 236,728 174,94521,787 35,100 297,827 284,406156,123 56.081 598.505 635,02999,768 116,935 1,168,602 1,113,030

I19,944 - , 55' 219,600 laimio,29,871 14,798 307,987 212,4741 21 98 2,1821-9,447 -22,857 -88,395 79,8571206,147 1-77 ,584 -2-,387,556 2,1 4,424127 24 26 24

Lehigh & Hudson River-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918I $ s $201,080 361,289 2,545,341 2,333,2193.898 4,132 49,259 45.620213,09825,187

Cr26,0212,732

85.109

372,251 2,681,526 2,476.85031,287 323,186 334.56345,248 503,320 446,0691,297 20.053 19.127110.280 1.125.756 1.085.436

93.134 194.323 2.042.593 2.042.593119,96412,024

107.94089,560

96

177,928 644,9326,000 76.723

615171.927184.929

567.593 391,659

98 96

523,73271,600

191452.1121357,549

96Lehigh & New England-Month of December- -Jan. 1 ro Dec. 31-1919. 1918. i 919. 1918a s s 1

346,239 294,903 3,761.804 3,679,1072.253 1,668 20,649 17,208367,37435,213106,2682,552

133,126

334,727 3,981,318 3,989,89531,749 573,850 518,28451,534 863,066 757,9882,780 31,771 57.862105,907 1,372,665 1,347.514287.198 203,322 2.956,116 2.784,1200, IN 131,404 5,201 1,20 , •10,860 8,000 101,670 103,408

69.316 123,404 923,530 1.102,365-7072-18. -1-27-.1-61" 911,974 1178,858234 224 232 224

Lehigh Valley-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ s $4,408,919 4,844,685 52,096,567 53,921,165536,963 512,024 6,827,896 6,234,9355,443,231729,254

1,702,50043,918

2,740,2045,362,2638-070e68,386

63

5,894,043 64,528,890 65,586,769807,939 9,822,781 7,818,0301,716,846 18,086,250 17,004,25046,302 480,733 654,9812,863,851 29,301,332 30,523,7635,541.788 59,202,301 57,346,026352,254 67326,589 *-872-4.07/4398,061 1,822,986 1,874,232

260 2,063 2,12412,517 253,932 3,501,538 6,364,382-Wag 3$0-,17 3,60.10 6,683,316,683,3181,435 1,436 1,435 1,441

Los Angeles & Salt Lake-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ E $933,011 884,270 11,777,100 9,847,716458,549 291.865 4,380,129 3,617.5231,505,384 1,269,544 17,209,931 14,517,377148,555 209,032 2,312,034 1,883,663304,750 308,973 3,468,768 3,052,66919,346 19,079 218,952 270,805558.316 479.818 5.852,953 5,069,0721,105,460 1,080,353 12,685.314 10,871.687399,923 189,191 4,52T6-11 3,645,69658,929 40,939 798,788 717,989175 279 ' 2,306 1,642340,819 147.972 3,723,521 2,926,058337,006 127,271 -373-76736-2' 2,746,631,168 1,168 1.168 1,167

Louisiana & Arkansas-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $213,377 96,560 1,638,904 1,216,62961,154 43,923 503,371 382,345282,578 146,071 2,220,760 1,671,65177,637 49,622 662,496 373,69631,896 27,089 478,544 309,6523,447 3,110 39,206 37,51096,437 70,521 931,745 673,682218,344 155,677 2,190,172 1,460,45164,238 -0,606-11-0787 211,19913,165 23,932 162,564 143,6052 62 291 21651,065 -33,600 -122,268 67,377

" 53,6.V .-33,66/ =-T6M)1-5."--77,V3V302 302 302 302Louisiana Railway & Na, Co-Month of December- -Jan. 1 to Dec. 31-19•19$

1918.$

1919.$

1918.s253,666 201,549 2,909,374 2,170,75149,701 57.880 456,034 730,693

321,837 274,390 3,542,033 3.078,05872,474 46,747 969,765 500.25048,636 48,329 663,491 518,0735,771 3,481 48,419 52,032114,088 160.325 1.514.049 1.422.871250.436 266,174 3.292.176 2,585.97471,400' 8,216 249,857 492,0843,761 16,383 169.761 170,383

2 202 24567.637 --8.I69 79.892 321.45535,595 23,800 67,242 200,282349 356 349 356

Louisville & Nashville-Month of December- -Jan. 1 to Dec. 31-1919s 1918.

$ '1919.

It1918s6,842,032 6,620,429 76,828,467 71,479,7232,149,151 2,540,032 24.842.673 24,481,069

9,645,628 9,644,401 107514,965 101392,792758,439 1,605,578 16,098,488 13,126,5222,161,296 2,020,072 27,828,958 23,341,987145,080 110,474 1,454,563 1,366,0594,245,430 3,899,850 44,455.752 39,623,2467,528,000 7,836.222 92,544,137 79,556,9712.117,62 1,808,178 14,976,827 21,-535,820181,650 276,851 3,008,063 3,322,221380 808 8,563 12,9311,935.597 1.530,518 11,954,200 18,500,668-2769-(5-,-931 1,256,443 11,791,845 T367 ,835,013 5,013 5.013 5,037Louisville Flanders= & St Louis-Month of December- -Jan. 1 to Dec. 31-1919 1918 1919. 1918.$ s $ S176,870 200,424 2,004,761 2,001,21063,174 51,375 773,752 730,903

253,218 262,761 2,914,103 2,858,46345,841 57,346 584,687 422,56732,531 40,694 391,486 414,0435,798 7,435 65,510 71,132100,281 95,384 .1.117,390 1,029,018192,358 208.785 2.252.893 2,004.819--Wad 53,975 881 ,2(3 5LB118,000 15,000 62,000 72,64745 815 32242.858 38.929 598.393 780,674665' 2-6-3-61 491,MT (140,20199 199 199 199

Blaine Central-Month of December- -Jan. 1 to Dec. 31-1919

S1918.$

1919s 1918

s1,051,359 927,601 11,286,883 10,706,225393,162 361,243 4,936,429 4,371,8411,583,312 1,429,413 17,525,178 16,415,178193,612 310,422 3,086,322 2,741,844378,289 447,522 4,143,196 3,618,91711,529 9,216 146,411 136,515885.101 981,462 9.668,353 9.087,9091,509.775 1.725,558 17.520,063 16,029,745

73,511 5,11.1 WA/82,164 70,443 924,143 803,92827 27 501 277--8,655 -366,615 -919.520 --418.773

--20,07 -605,8041.216 1,216 1.216 1,216

[VoL. 110.

Midland Valley-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ s S232,162 237,518 2,782,289 2,642,574103,398 75,586 1,023,001 725,267349,341 323,539 3,952,821 -W347r07101,665 68,457 920,897 567,70869,824 56,057 741,161 594,3834,627 1,437 44,904 25,828175,239 136,853 1,539,306 1,298,175367,146 280,807 3,413,645 2,622,291

--17,804 42,731 5,39,17g 882,48g11,327 6,179 86,960 84,777717 62 2,156 241-29,850 36,500. 450,058 797,469-31,440 '30,382 338,937' 750,50388 387 388 387

Mineral Range-Month of December- -Jan. 1 to Dec. 31-1919.

$1918. 1919. 1918.$ $ $53,723 91,280 724,214 1,085,325347 1,537 4,489 26,339

48,703 95,793 753,226 1,143,53429,111 17,911 165,420 199,69427,566 21,499 256,233 268,367390 286 4,785 4,62631,203 54,269 406,357 615,45589,325 95,057 844,621 1,101,261

.""--40,622 735 -91,365 .----4.2727§9,060 1,131 48,060 40,000

--49,683 -2,395 --139,456 2,272-42,0V -1,963 -16-6-A-"'''-----,--M101 100 101 100

• Minneapolis & St Louis-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919, 1918.S $I $ s811,317 816.641 10,002,843 9,326,192227,809 198,122 2,734,723 2,049,0931,101,724 1,067,624 13,384,871 12,028,300191,180 160,203 2,347,588 2,128,723441,869 271,695 3,462,603 2,989,57411,069 7,952 129,848 150,890776,270 586,932 6,716,286 5,792.2941,449,987 1,051,738 13,004,520 11,371,096--aTs7m 386,350 657,20150,959 74,869 604,574 648,29839 102 4,550 3,732-399,260 -59,085 -228,773 5,173=428,9RO5'---41,O7g -827,012 2-3-3771a1,646 . 1,646 1,646 1,646Minn St Paul & Sault Ste Marie-Month of December- -Jan. 1 to Dec. 31-1919.

S1918.* 1919.

$1918.$2,704,982 3,148,842 31,621,077 27,097,097695,991 527,840 8,287,986 6,255,850

3,651,601 3,905,178 42,661,595 35,995,292543,286 325,308 6,347,095 6,256,934602,520 634,900 8,468,015 7,292,08132.778 21,329 304,098 359,3291.840,181 1,570,014 18,156,569 15,821.3283,114,134 2,558,829 34,406,784 29,690,607537,46Y 1,346,348 8,254,810 • 0,8ö4,65i209,911 193,338 2,472,470 2,185,25978 37 2,298 332327,476

.1----3'r1,152,972 5,780,041 4,119,0921,066.317."Mg.454'--g-,0-23-,72/4,243 4,243 4,243 4,239

Mississippi Central-Month of December- -Jan. 1 to Dec. 31-1919. •1918. 1919. 1918.s $ $ s48,624 34,126 630,597 744,59725.496 42,739 332,358 445,79777,37441,55537,0931,785

48,880

80,464 1,011,409 1,246,99023,637 313,783 184,08522,126 381,414 306,9321,339 15,630 17,44848,706 435,835 399,615136.334 98,2351,218,827 • 967,195

-58,950 --m7prirm - 270,794962 2,973 33,512 44,512114 9 419 17-58,112 -20,754 -241,350 235,264-54,921 -17,T1e---71If:-6-6-. -ThoS,t211164 164 164 164Missouri & North Arkansas-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $94,682 50,283 983,417 855,84142,249 33.566 504,413 442,478• 148,558 94,914 1,587,826 1,404,13167,093 62,290 712,470 402,58946,742 37,317 469,350 303,2252.256 1,479 27,284 24,92676,866 71,422 782,500 621,891

191,219 178,502 2,099,560 1,420,776-42,6417=1 17-17W"=1T31736,241 5,750 75,834 67,97319 153 1,329 4,934-48,921 -89,491 -588.897 -89,553--gUicX -04,530 '--66t,115rt=1117I3365 365 365 365Missouri Kansas & Texas RR.-Month of December- -Jan. 1 to Dec. 31-1919.$

1918.$

1919.$ 1918.

$2,181,103 2,228,900 24,335,818 23,752,658613,644 621,450 7.968.611 7.367,0833,011,374 3,036,614 34,272,091 33,230,334444,507 569,428 5,990,205 5,465,81809,923 743,217 9,710,171 8,666.0439,443 49,189 355,240 324,071.217,624 1,132.011 12,032,259 11,641,7372,614,638 2,600.370 29,190,161 27,146,341304775r 436,244 5,081,929 tar,U1129,861 22,902 1,155,501 1,110,545825 149 4,681 4.441266.048 413,191 3,921,746 4,969,005418,132 333,430 4,631,147 -0774511,713 1,714 1,713 1.736


FEB., 1920.] RAILWAY EARNINGS

EARNINGS.

reight revenue • assenger revenue _

Tot.. incl. other rev.' xpenses-Maint.way

Maint. of equipm't_Traffic

expenses_- _

Transportation exp _Tot.exp.,incl.oth.

Net from raliroad____Faxes (less war taxes)_Uncollectible revenue_



EARNINGS.

Freight revenue Passenger reenue_ _ _

Tot., incl. other rev.Expenses-Maint.wayMaint. of equipeft_Traffic expenses_ Transportation exp_

Tot.exp.,incl.oth.

Not from railroad_ Taxes (less war taxes)_Uncollectible revenue_


Not after rents Aver. miles of r'd oper

EARNINGS.

Freight revenue_Passenger revenue _


Maint. of equipm't_Traffic expenses.._Transportation exp_

Tot.exp.,incl.oth.

Net from railroad__Taxes (less war taxt)s)..Uncollectible revenue_

Not after taxes, &c_


EARNINGS.

Freight revenue Passenger revenue..

Tot., incl. other revExpenss--Maint.way.

Maint. of equipin't_Traffic expenses_ _ _Transportation exp_

Tot.exp.,Incl.oth.

Net from railroad_ Taxes (less war taxes) _Uncollectible revenue_



EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayAloha. of equipm't_Traffic expensec._ _Transportation exp_

Tot.exp..incLoth.Net from raliroad Taxes (less war taxes).Uncollectible revenue_Net after taxes, &cc_


EARNINGS.

Freight revenue Passenger revenue_ ....Tot., incl. other rev.

Expenses-MaInt.wayMelia. of equipm't_Traffic expenses Transportation exp.

Tot.exp.,Incl.oth.Net from railroad Taxes (less war taxes)_Uncollectible revenue..

• Net after taxes, &c.. Netafter rents Aver. miles of r'd oper.

i• EARNINGS.

Freight revenue Passenger revenue_ _ _Tot., Incl. other rev.

Expenses-Maint.way• Malta. of equIpm' t_

Traffic expenses Transportation exp

Tot.exp.,Incl .oth Net from railroad_ ___

4 Taxes (less war taxes).Uncollectible revenue_Net after taxes___

Net after rents Aver. miles of r'd ()per.

Missouri Kan' & Texas RI of Tex

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ I $

1,206,236 1,165,443 15.251,429 11,319,047

782,700 638,892 8,234,735 7,051.123

2,160,764 1,925,129 25,244,514 19,840,330

583,030 336,838 5,440,015 3,697,490

441,990 320,259 4,735,391 3,676,381

25,475 19,406 283,068 245,356

1.712,397 993,571 13,554,330 10,085,003

2,862,565 1,768,745 25,162.040 18,693,165

=761.861 156,383 07 .-7T n-4-7.16497,473 45,093 732,125 571,770

810 850 6,815 193

-800.085 110,440 -656,468 575,201

7:1717T,M" 2,441 L423,636''-'80-0,091

1,796 1,796 1.796 1,796

Missouri Oklahoma & Gulf


1919. 1918. 1919. 1918.9 $ $ $

139,347 93,994 1,201,663 1,401,866

.24.482 19,633 231,190 293,256

170,977 124,485 1,517,855 1,783,303

86,764 35,256 744,493 415,529

74,282 89,481 663,426 609,147

2,590 1,224 23,855 24,503

91,700 77,333 873,981 950,912

265,200 213,496 2,396,292 2,110,212

-94,223"---1F,--"T =-87g,436"--326.90g

8,500 4,566 102,038 102,526

101 707 1,219 2,453

--102,824 --94,285 --981,693 --431,888

-7117,f74.=99,2w-1,041,948 '=-73-074-41329 332 329 332

Missouri Pacific-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.5 9 5 9

6,209,341 5,887,973 66,559,805 63,486,624

1,824,454 1,734,677 20,689,218 19,535.391

8,656,301 8,113,593 93,577,081 89,612,397

1,667,769 '1,726,995 18,940,383 14,632,085

1,808,770 1,557,253 20,781,384 18,577,823

91,005 70,044 1,015,198 1,071,351

4,094,736 3,586,527 39,689.848 36,522.013

7,927,449 7,165,094 83,357,624 73,231,737

728,851 948,17 10,219,451 18738iY,11b§

753,661 78,758 3,700,522 3,144,290

1,135 2,976 30,917 17.984

-25,944 866,764 6.488,016 13,218,384

-321,036'-'787Nr 4,4152`,472- n,7,301 7,108 7,204 7,221

Monongahela Connecting


1919. 1918. 1919. 1918.

-17,42378120,22443,938

51072,716139,320

228.302 1,954,320 2,473,76338,894 294,968 340,30681,466 620,037 463,184

510 6,251 5,325138,118 000,170 1,329,172

265,892 1,901,125 2.207,321

53,667 -37,590 ---gnnw2,470 13,424 24,572 38,898

51,196 -51,015 28,621 227,543

----w=nr =gun- --==Treir 139876 6 6 6

Montour-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918$ 9 s $41,128 81,649 1,126.686 1,228,9271.508 1.667 16.780 16,830

42,10022,24715,8161,207

23,43970,370

94,805 1,199,498 1,307,41467,282 338,804 205,33665,082 680,514 694,3072,320 14.836 15,705

29,912 326.087 340,884

171,330 1,439.816 i.313,91$

-28,269 --76,544 --40,319 -6,503

7,037 1,699 30,800 24,35568 6 68

--35.307 -78.292 -271.126 --30.927

1176* 47,309 ' 151,426 ' 560,07056 54 56 54

Nashville Chattanooga & St Louis


1919 1918 1919 i918I i I S

1,200,199 1,236,963 13,392,295 14,554,220

486,430 540,254 5,381,541 5.978,978

1,808,581 1,893,397 20,044,134 21,757,402

291,430 277,973 3,503,397 2,592,940

493,895 322,398 5,196,458 4,774,565

42,288 23,339 423,281 431,917

818,109 936,910 8,735,173 9.281,724

1,696,558 1.599.544 18.483,627 17,623,564

.'7171:972' -13=3" "TTAWNT' 4,11M3311

105,612 33,055 690.612 399,729

109 122 3,455 1.538

.6,301 260,655 866.439 3,732,570

-7/1713 -§717321- T5ITA34 4,FITT11,247 1,239 1,247 1,239

,Nevada Northern


1919. 1918. 1919. 1918$ S $ $

140,794 200,040 1,387,548 2,458,519

10,482 12,496 120,322 181,473

157,284 218,304 1,579,440 2,706.331

.38,959 22,630 287,659 , 284,133

38,681 28.152 293,450 329,305792 1,387 11,059 10,743

42,841 52.832 448,657 649.171

126,943 111.460 1.095.657 1.343.756

-317341 106,843 -47.T702(-571173

14,902 18,323 212,245 206.3191 610

Newburgh & South Shore


1919. 1918. 1919. 1918.

-178.15019,51122,160

134,83729,6988,186

63,245 60,588 108.879 102.004-MTN

20,316 20,5074

46,949 12,326

30,08 """----177r7 7

New (Mesas &-Month of December-

1919. 1913.

358,493 357,833122.249 135,139

549,256110,13585,8968,990

295,003

1,328,299 1,453,756217,636 199,633324,869 250,240

692,244 657,939

1,281,328 1,144,075

46,071 "TN=97,068 98,307

4-50,102 211.373

---Targgg -11-57747 7

North Eastern-Janl 1 to Dec. 31-

1919. 1918.

4,181,369 4,292,3921,481.530 1,491.581

572,053 6,446,802 -6.474,71760,461 1,189,611 716,836134,593 1,415,891 1,457,821

2,840 98,137 92,429274,042 2,984,736 2,749,654

522,821 485.477 5,925.279 5.192,415

26,434 1,282,301

185,086 8,878 483,753 309,590279 1,470 609

-158,931 77,697 36,299 972,101

T=TRWS35 74,538 181,831 --lrinrm'195 195 195 195

New Orleans Great Northern


1919. 1918. 1919. 1918.

$ 1 $ 9139,641 92,661 1,656,354 1,634,462

47,238 54,462 540,152 465,608

195,725 156,966 2,294,549 *2,197,315

42,262 39,902 460,355 334,425

39,022 52,968 510,997 422,6353,612 4,231 30,656 33,695

90,956 111.550 1.001,323 809,050

186,278 218,981 2.116,336 1.693,878

-Taw 178-.213' --8-0Tra15,000 19,642 124,913 109,483

28 1 3,007 365

-5.582 -81.657 50.292 393,587

=IMO. -88,466 -8,321- --4-00;226284 284 284 284

N Orleans Texas & Mexico _SystemNew Orleans Texas & sico


1019. 1916. 1919. 1918.

168,656 53,612 1,513,929 1,355,288

45.871 38,543 451.492 473,621

9

New

-Month of1919.

York CentralNew YorkDecember-

SystemCentral MB-Jan. 1 to Dec. 31-

1919. 1918.1918.16,081,339 17,588,251 188197,778189927,6157,120.236 6.462,539 85,288,196 68,691,492

26,856,202 27,489.315 310715,575 294823,0352,599,143 3,891,202 38,034,863 34,544,0035,678,907 5,439,562 67,037,642 61.505,617271.620 244,217 2.747,175 2,809,395

12,219,071 11,489,330 128747,572 122940,642

21.842,114 22,012,044 248940,633 232403,704

• i : 5,4'7'7,2/76-1-7?7,-9-.11 62,419,330997.68323 927,622 11,630,827 11,977,4562.8

705 19,740 24,476

4,013,571 4,548,943 50,124,374 50,417,397

-47 --7'-7777157671,b30 48,410,2166,075 6,079 6,075 6,079

Cincinnati Northern

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ S

187,938 244,269 2,556,769 2,529,06921,648 16.860 230,174 189,321

219,0421,646

70,0552,439

70,890

266,795 2,872,268 2,812,97935,589 387,457 428,90470,082 672,930 768,5442,192 26,336 35,777

109,545 1,018,707 1,056,793

149,043 223,053 2,161,594 2,342.937

69,998 "'" 43,741 .-7117,-673. 47t11 -,04T10,691 9,439 122,791 129,870

9 4 330 94

59,298 34,297 587,551 340,076

63,72e "-I/MI' 496,85r --i8Wf251 251 251 247

Cleve Cin Ohio & lit L (Inc Peoria & Bast)

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ 9 9

4.961,783 4,296,335 50,700,076 49,934,6321,593,559 1,432.662 17,267,396 15,359,127

7,234,276 6,310,415 73,856,456 71.403,9701,034,431 742,395 9,222,574 7,298,0401,704,704 1,294,489 14,675,763 13,894,336

82,979 63,344 917,765 882,5763,544,205 2,681,680 30,735,155 28,229,454

6,533,303 4,932,705 57,427,451 51,895,288

• 700,073 1,377,709 16420064' r-M§Te195,592 241,103 2,252,592 3,533,917

804 728 10,747 7,752

• 504,576 1.135,876 14.165,664 15,962,010

'TI-MW '1,084,501' 12,4&11i 4,688,93g

2,408 2,395 2,397 2,392

Indiana Harbor Belt

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $

-2-2-6;671 97.734 2,063,689 1,885.023 565,616

58,151 33,773 513,404 368,349 108,347

45,215 44,077 479,581 407,991 98,601

3.425 811 37,103 27,617 2,172

70,824 52.398 645.467 613.600 458,836

188,071 138,338 1,778,731 1,497,139

-ATM -q-67-663 ---2-817557' 388,484

19,023 11,688 129,023 100,58842 4 299 389

13,533 -52,296 155,634 287.506

13,601" -33,6ff '---1T3,-Of 4487f11191 191 191 191

Beaumont Fleur Lake & Western


1919. 1918. 1919. 1918.$ $ $ S95,852 69,597 985,503 1,019,52932,687 24,773 311,738 345,146

137,705 98,865 1.364,168 1,417,973

34,452 21.980 313,743 217,639

35,203 22.393 268.741 215,0281,961 526 25,229 15,953

48.297 31,538 563,928 464,827

126.289 80,232 1,233.827 962.635

'"'"777Z-iT -136;316' 451-,338

Cr4,527 10,901 25,172 32,9019 256 52

15,933 7,731 101.911 422,384

----TVIT ---=iCTOS -7---fieJ07,2 ---Twra118 118 118 118

St Louis Brownsville .I; Mexico

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918..$ $ S $

344,508 275,947 3,575,472 2,933,099160,931 105,330 1,641,823 1,191,951

541,293134,652104,3846,260

154.653

407,423 5,540,631 4,448,92177,334 1,134,286 685,22573.583 939,450 818,8001,431 74,170 65,801

125.319 1,596.433 1,304,595

421,455 291,377 3.940,240 3,029,666

1 19,8W 717= 1,60(T390' 1741-072864,413 14,574 105,586 123,963179 40 1,401 1,061

124.071 101,431 1.493.402 1,294,235

9V,814 l'",T1-2' 12137311548 548 548 548

New York Chicago & St Louis

-Month of December- -Jan. 1 to Ded. 31-1919. 1918. 1919 1918S $ $ e

1,939.746 2,332,655 20,923,945 20,123,796118.141 110.392 1.847,178 1.831,290

2.125,633 2,505,361 23,475,552 22,656,381187.644 279,177 2.848,047 2,615,657418,030 413,240 4,427,398 4,172,81934,713 15,651 316,447 368,547

1.098,015 989,136 10.037,820 9,734,020

1.801.108 1.746,973 18,317,802 17;489,757

1/4,6/t --wor "31-8-6-.92484,811 127,530 629,811 647,530

584 1 1.586 156

16,439 88.520 271.636 1.155.645 239,129 630,856 4,526.352 4.518,937

14 420 83,88i ."."-2-4(F;3176 1.106,782 -21M-3133" 583.798 -5-7-0-4---,Ka168 168 168 168 574 572 See aho on page 14)

529,778 6,562,912153,920 1,172,263125,424 1,253,639

1,903 21,501356,212 4,456,542

5,591.2351,216,4431,339,426

22,4273,659,004

686,143 652,114 7.110,208 6,397,711

T2526' i2233S --547,205 -806,47;5,219 11,588 116,129 122,123

43 10 •45

--125,746 --133,967 --663,434 -928.645

=-2-585e8' -138,71r 1,160,5" -.1,603,434116 116 116 116

Kanawha & Michigan

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918S $ S A

305,377 300,715 3,521,720 4,552,91350,068 99,971 660,740 1.118.461

367,56356,001149,7663,064

139,882

423,367 4,324,755 5,896,13423,741 660,979 657,736130.089 1,619,205 1,509.671

1,852 30.489 32,828164,162 1,594,379 1,876,388

362,538 331,873 4,062,355 4.237,119

Th--,W '=-91,493 162-76V T1389M1551,338 8,260 254,138 227,933

4

-46.314 83,233 8,257 1,461,081

-MTV 82,212 166,843 1.651,579176 176 176 176

Lake Erie & Western

-Month of December- -Jan. 1 to1919. 191), 1919.

748,923 675,730 8,518.04880,777 59,217 805,534

869,615181,600244,08310,956

463,069

Dec. 31-1918

8,252,428626,335

773,020 9,784,825 9,343,904133,743 1,735,725 1,275,217247,667 2,729,738 2,436,19311.980 146,260 • 146,976

430,124 4,346,856 4,331,305

926.047 845,742 9,242,394 8.440,012

-56,431 M25r WW146.949 27,326 441,749 340.065

21 638 1,326 1,486

--103.402 --100,686 99,355 562,339

m-1776ff ..7=TaniTY -45,922 370701902 900 902 900

Michigan Central

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ S

4,413,785 4,582,157 51,653,910 45,949,5601,899.719 1,379.696 20.070,337 15,901.584

7.106,153 6,568,886 78,844,385 68,520,087684,273 643,778 9,617,080 7,705.079

1,610,527 928,906 15,674,511 12,382,13764,893 50,634 780,809 738,990

2,945,396 2,665,945 29,506,855 28,214,018

5,514,103 4.449.150 57,841,813 51,070,072

1,591AT' 'ZiTLITS" 21702757f ifilTbil255,000 108,000 2,650,000 1,899,790

198 1.015 5,496 7.463

1,336,852 2,009,730 18,347 075 15.542,761

.1 aWir -f '10,819 16,034,172 T3T6116;71701,861 1,861 1,861 1,86

•


10 RAILWAY EARNINGS [VOL. 110.

EARNINGS.


Tot.. incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic

expenses..- _

Transportation exp..Tot.exp.,incl.oth.

Net from railroad.._ _ _Taxes (less war taxes) _Uncollectible revenue_Net after taxes, &cc_


EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic

expenses..- _

Transportation exp..Tot.exp.,ind.oth.

Net from railroad _ _Taxes (less war taxes)_Uncollectible revenue..Net after taxes, &c..


EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses......Transportation exp..

Tot.exp.,Incl.oth.

New York Central Sys (Cond.)Pittsburgh & Lake Erie-Month of December- -Jan. 1 to'Dec. 31-1919. 1918. 1919. 1918.2,030,730 2,316,003 23,158,642 28,513,513240,412 212,911 2,669,147 2,287.179

Northern Alabama-Month of November--Jan. 1 to Nov. 30-1919. 1918. 1919 1918.102,554 106,738 900,424 1,083,36414,004 12,772 148,585 170,5862,459,907 2,762,004 N,173 32,992,272249.046 344,807 4,278,253 4,374,227844,433 872,195 8,828,670 7,038,49616,607 19,594 179,483 187,2531,018,232 1,004,978 10,159,319 10,217,617.

118,763 126,265 1,079,558 1,285,49420,764 22,814 237,868 180,2206,956 5,709 63,755 60,9741,587 900 15,045 14,37345.705 71,531 628,401 620,6652,181,333 2,287,217 24,001,84322,365,184 76,765 102,495 964,517 895,028278,574 474,787 4,632,344 10,627,0888,825 71,377 825,325 884,27732 36 270. 45

41,998-117,7169-17157-576:773,800 3,440 38,500 38,9707 14269,716 403,374 3,206,749 9,742,766 38,198 20,329 76.533 351.481--77,1717 -.74;8;620 3,465,850 9,8.39,554224 224 224 224

Toledo & Ohio Central-Month of December- -Jan. 1 to

-Dec. 31-1q19. 1918. 1919. 1918.

S $ $51s1,588 4)43,867 7,771,845 8,776,00974,689 06,801 817,155 763,112

28.449 -17= =677 -777.178112 112 112 112Northwestern Pacific-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ 8354,232 243,260 3,615,941 3,033,299181,041 149,130 2,400,373 2,110,871616,675 1,078,882 9,078,909 10,129,659113,067 95,992 1,545,850 1.543,242267,176 243,637 2,824,786 2,498,7006,767 3,646 79,039 79,065373,723 440,326 3,957,136 4,609,713

596,515Y 434,304 17=57 5,702,397160,283 141,882 1,328,393 881,54770,942 56,910 859,482 682,5515,271 4,690 61,059 58,706260,363 221,348 2,821,925 2,201,299782,918 800,865 8,642,801 8,952,795 512,496 440,237 5,250,272 3,973,767--r16672773 -.7277,016 4-36,108' 1,176,86487,808 35,516 438,773 361,888181 8 252 37

83,548 -5,03g1,432,18725,980 21059 285,857 263,47620 1 1,455 34--254,233 242,491 --2,916 --814,938 57,547 -27,893 1.144,873 1,465,119-238,441 .".224,615'=-117,650.44 805,414SW 435.!L 435h i435 435New York New Haven & Hartford-Month of December- -Jan. 1 to:Dec. 31-1919. 1918. 1919. 1918. I

$ I4,723,219 4,016,703 49,236,962 50,721,28713,840,613 3,567,047 44,774,217 39,379,916

45,050 --26,473 1,150,271 1,498,908538 521 530 521Northern Pacific System

Northern Pacific-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.5,746,561 8,089,254 72,934,722 78,534,3431,573,037 1,333 ,780 20.331,317 17,146,1439,942,727 8,608,151106,545,119102,294,211i1,400,554 1,088,577 14,280,054 13,525,5332,047,045 2,103,302 21,377,446 20,913,41256,047 42,344 541,080 475,231,4,693,622 5,142,646 51 .147,50848.020.O80,

"8,68276-01 '10,066,391.11)0,39,3531n,008,/591,001,657 1,086,174 16,223,655 14,226,8821,614,311 1,873,612 17,610,480 16,716,05871,175 56,920 765,309 779,6823,644,268 3,738,619 28,274,462 37,501,9678,702,108 8,857,977 92,473,381 87,746,523 6,619,522 6,969,625 76,179,714 71,516,302Net from railroad.. _Taxes (less war taxes)_Uncollectible revenue..Net after taxes, &c_


EARNINGS.


Expenses-Maint.wayMaint. of equipm't_Traffic expenses __ _Transportation exp..

Tot.exp.,incl.oth.Net from railroad.......Taxes (less war taxes)..Uncollectible revenue..Net after taxes, &c..


EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses_Transportation exp_

Tot.exp.,incl.oth.Net from railroad..... _Taxes (less war taxes)..'Uncollectible revenue..Net after taxes, &c_


EARNINGS.


Tot.. incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses......Transportation exp _

Tot.exp ..incl.oth.Net from railroad...... _Taxes (less war taxes)..Uncollectible revenue..Net after taxes, Ste_


EARNINGS

Freight revenue Passenger revenue...._

Tot.. Incl. other rev.Expenses-Maint.wayMalta. of equipm't_Traffic expenses_Transportation exp..Tot .exp..incl.oth

Net from railroad _ _ _ _Taxes (less war taxes) ..Uncollectible revenue..Net after taxes, &c_


1,240,619 -210.826' 14,071,738 14,547,688450,657 107,375 3,770,657 3,216,3753,653 1,750 27,816 15,9901

1,463,079 '-3-,6-94,7-r5 M559,639 51,391,951512,050 347,089 7.482,648 6,499,7185,183 322 23,940 5,610786,309 -448,952 10,273,265 11,315,322 945,845 2,749,354 17,053,050 24,886,628'147,781.4 -774,605 7.270,328. 7,534,3341,965 1,992 1,965 1,992me-New York Ontario & Western"' I-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918. I$ $ $ $ 1115:954 107,894 2:697:357 2,168,483

F,W5-6-1. 2,862,23g 18,379,362 28,209,3736,642 6,561 6,592 6,585Minnesota & International

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ . $ $ S66,270 32,431 693,598 650,25529,907 25,006 316,904 282,676-141,992 823,999 10,909,515110,895,005143,995 169,050 1,748,083 1,557,482243,151 314,486 2,658,789 2,763,99512,353 5,953 108,686 102,125501,649 492,391 5,016,227 5,300,294

102,424 68,697 1,073,849 992,0939,894 11,869 241,630 203,88519,261 18,725 205,202 203,788504 842 6,005 5,75844,435 40,669 551,195 509,407924,802. 1,002,704 9,804,044 9,974,523 77,217 75,941 1.044,738 962,89882,810 -178;705 1,105,470 .-9-26-48-133,121 24,276 329,921 297,12421 1,449

2572-a -7,244 -29,110 20,105,079 3,205 56,760 53,50728 17 80-115.932 --202,982 775,523 621,907 20,127 --10,478 --27,667 --24,392--97,530 -204,951 m 783,730 548,582569 567 (See also on page 14)

New' York Susquehanna & West-Month of December- -Jan. 1 to Dec. 31-1919. 191b. 1919. 1918.$ $ $ $252,667 218,228 2,746,879 3,310,48264,059 60,112 700,900 624,062

16,552 10,582 -43,692 -57,88g194 195 194 195Pennsylvania Sys-Eastern LinesPennsylvania Railroad-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919 1918.17.774,313 23,586,970238,852,641240,043,2827,335,045 8,123,091102.047,147 95,499,953351,034 337,628 3,915,640 4,363,41931,670 9,487 462,022 414,70973,094 83,841 665,643 727,0734,505 1,728 27,830 24,519330,466 252,854 2,526,651 2.537,991

32,278,827 34,292,094378,091,498368,481,7514.663,893 6,686,810 56,004,008 51,743,01611,362,093 9,511,839112,445,087 99,166,489290,320 216,257 3,148,318 2,925,98815,652,066 16,211,033168,470,630166,611,535449,088 354,762 3.781,458 3,794,069 33,427.602 33.909,042356,018468333,898,680m".:298,054 --17,133 134,181 559,3044,681 9,944 415,047 175,3445 17 .748 119

-1148774 383,051* 2,073,031) 34,583,0771,140,462 887,669 11,035,760 10,652,0276,682 3,803 33.776 30,386--142,740 --27,095 --281,614 383,885 -2295920 -508,420 11,003.493 23,900,655-138,146 -17,781 --280,714 418,033kas,.135 . ;11035 135 135?GAWK Norfolk & Western-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ X $ X5,452,874 5,575,014 62,681,027 68,752,260861,878 1,016,581 10,824,462 10,237,599

-=2-560 938' -7-0-9,718 7,613,93'71 18,707,2705,380 . 5,360 5,380 5,360Baltimore Chesapeake & Atlantic-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S $ S 1170,987 86,103 1,010,236 903,77238,260 46,409 520,512 478,4056,570,897 6,828,688 176,925,599 g2,004,034973,601 849,780 10,660,871 9,524,6582,250,388 1,758,856 23,089,001 21,273,00145,180 40,332 445,584 536,7092,653,453 2,518,142 28,323,931 28,739,290

116,823 135,133 1 ,603 ,332 1 ,436 ,43016,160 15,421 182,977 132,55123,517 61,394 441,024 407,1072,932 985 14,330 13,86277,599 78,059 935,847 838,0096,051,218 5,298,011 64,021,285 61,579,297 124,167 160,224 1 ,616 ,508 1,428.034519,678 1,330,677 1L904,313 0,421,736260,000 242,000 3,120,000 2,004,000415 249 3,058 9,898

--71177717T -711-MS 7,5054,072 4,800 42,247 37,9274259,262 1,288,427 9,781,255 17,510,838 --11.416 NATi- -55,427 --30,422367,120 1,289,368 10,367,404 18,256,4812,088 2,087 2,088 2,083

Norfolk Southern-Month of December- -Jan. 1 to Dec. 31-1919. • 1918. 1919. 1918.$ S X x• 493,622 366,842 4,318,945 3,877,124186,679 161.937 1,872,065 1,521,377

877672- -27,633 --26,110 -21,32.187 87 87 87Cincinnati Lebanon & Northern-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $52,740 190,425 878,886 895,7159,039 7,915 98,680 82,805714,151 566,696 6,591,227 5,753,643119,851 103,342 1,353,541 1,067,87185,661 229,122 1,228,255 1,313,10511,919 5,601 101,004 81,278315,573 236,618 3,259,051 2,569,551

74,569 217,308 1,153,261 1,168,33924,541 32,588 219,631 209,48838,031 36,336 279,360 219,7321,334 741 15,933 14,50759.431 60,566 650,862 693!801554,136 591,050 6,197.345 5,273,561 126.964 130,699 1,180,396 1,154,440160,015 --27,353 303,681 480,08216,000 20,000 211,850 193,04196 1,065 192

--52,394 86,609 --27,135 13,8908,343 2,111 61,731 56,2957 522143,919 --47.353 180,765 285,949 -60.738 84.498 -88.874 --42,10139,652 -41,500 156,656 289,942906 907 906 907

--61,197 84,203 57,222 -13=76 76 76 76

P01111101100116 BY, (Concluded)Cumberland Valley-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.322,363 493,214 4,361,826 4,801,72480,292 81,464 882.916 749,151441,09177,25182,2466,681

177,691

596,027 5,633,360 5,917,5472,053 994,868 567,875102,978 1,248,523 900,600. 7,374 77,846 65,135202,458 2,120,513 2,029,130358,594 399,722 4,589,923 3,710,50582,496 106,305 1,043,437 2,207,03127,927 15,663 121,900 116,521

2 409 64254,569 180,639 -157i,(717i 2,089,872-1-6737/ 179,542 440,255 1,840,859163 163 163 16

Long Island-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $552,849 542,643 6,298,392 5,726,629950.573 960,412 15,629,124 14,260,0361,732,058 1,688,243 24,381,973 22,241,186263,065 433,556 3,163,137 2,894,842383,147 335,143 4,364,034 3,173,82513,265 12,587 156,876 134,7721,112,432 1,040,130 12,167,012 9.867,3391,841446 1,885,559 20586,849 16.739,070-109587 -197,316 395,124 5,502,0847,016 81,280 1,063,277 1,069,859522 48 5,314 3,313-156,926 -278,645 2,726,532 4,428 912-213,608 -330,966 2,421,699 3,891,091398 398 398 398

Maryland Delaware & Virginia-Month of December-

1919. 1918.$ $ ir,67,356 73,98333,204 40,524

-Jan. 1 to Dec. 31-1919. 1918.$ $

847,484 685,693473,862 386,293

104 ,3-1N 117,702 1 ,356 .181 771701,1-5112,298 11.282 128,369 96,85419,634 48,060 339,854 291,894854 795 9,892 11,63574,558 72,076 882,537 719,087109.829 134,783 1,386,657 1,141,760-=-717ie --1,717 -30,469 -40,4311,906 2,318 *21,627 19,79627 47-7.395 --19 400 --52 145 --60,234--12,126 -2259 -9168 --78,0282 82 82 82

Monongahela-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.

275,198 260,680 3.357,061 2,889,06422,536 24.316 253,219 241,825303,689 295,614 -3,652,666 3,211,55049,775 91,561 722,873 743.73833,539 31,211 439,663 338,242496 616 10,802 13,007122,624-517:NO2

129,116 1,131,906 1,114,265258,695 2,393,269 2,273,856

88,986 36,919 1 ,259 ,397 1.75779111,840 13.475 56,840 62,9912 28 677,143 23,443 1 ,202 ,528 874,696-1,022 23,313 1,029,050 648,096108 108 108 108New York Philadelphia & Norfolk

-Month of December- -Jan. 1 to Dec. 31-1919.s

434,25791,524-61-87798

1918.$

578,143133.554

1919.$

6,241,7981,352,769

1918.$

5,748,9281,278,998

765,177 8,208.366 7,632,49475,729 96,014 707,764 714,914240,527 184,874 2,226,468 1,774,6490,580 8,818 106,575 115,510337.361 286,519 3,794.601 3,361,923_fl,85 904 610,284 7 1_88,97517'grgff

6,283,432-(-77717-15 -1,0 1,.-1-173-9T 5,340,b6...20,926 21,335 222,881 256,024155 468 94

87 183,557 796,041 'T92,942t- --.1.6770-67T 130,323 640,628 072,591S121 121 121 121

West Jersey & Seashore-Month of December- -Jan. 1 to Dec. 31-1919, 1918. 1919. 1918$ $ $ $279,300 337,800 3,543,800 3,437,048399,021 380,608 7,538,322 6,465,047804,141 791,111 11,971,020 10,599,543206,389 397,479 2,314,078 2,511,140211,689 148,578 2,443,483 1,920,8259,090 6,548 98,810 91,904524,992 521,779 5,961,368 5,284,563985,209 1,121,241 11,145,019 10,105,859-181,068 ==TiaTim 826,001 --arm50,426 40,281 578,874 483,3448 7 1,158 3,158245,90 7,141-250,671 --362,044 -5,395 --Tglyro361 361 361 36.

Pennsylvania Sys-Western LinesPennsylvania Company-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. ' 101S.6,083,254 6,649,154 76,484,116 70,628,8841,807.278 1,571,202 21,032.543 15,931,094

-231,943 -350,419

8,707,716 8,954,611106,342,509 95,530,3221,300,494 1,689,217 15,547,722 14,989,9363,610,602 2,435,298 30,470,458 25,170,18986,730 70,167 913,537 959,9914,149,838 4,217,794 45,408,269 42,732,5609,534,446 8,707,064 95,479,271 86,550,206-826,730 -71777 10,863,238 8.080,066626,888 269,864 4,271,684 3,480,620133 4 5,051 788.-1453752 --22,321 6,586,001 5 498 651=1-44119Er -53,934 5,802,101 48821,754 1,754 1,754 1.754

,

4

Is


FEB. 1920.] RAILWAY EARNINGS

EARNINGS.


Tot.. incl. other rev.Expensen-Maint.wayMaint. of equipm't_Traffic expenses.._ _Transportation exp..Tot .exp.,incl .oth.

Not from railroad _ _ _Taxes (less war taxes) _Uncollectlble revenue_



EARNINGS.


Tot., incl. other rev.Expenses-Maint .wayMaint. of equipm't_Traffic expenses.._ _Transportation exp..Tot .exp ,incl .oth.

Net from railroad_ _ _ _Taxes (less war taxes)_Uncollectible revenue..



EARNINGS.

Freight revenue Passenger revenue_ _ _

Tot., incl . other rev.ExTenses--Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation cap-Tot .exp.,incl.oth.

Net from rallroad Taxes (less war taxes) Uncollectible revenue Net after taxes, &c_


EARNINGS.


Tot,, Incl. other rev.Expenses--.Maint .way

Maint. of equipm't_Traffic expenses......Transportation exp..Tot .exp.,incl .oth.

Net from railroad.. _ _ _Taxes (kw; war taxes) ..Uncollectible revenue..Net after taxes..


EARNINGS.


Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expenses Transportation oxp_

Tot.exp.,incl .oth.Net from railroad_ _ _ _Taxes (less war taxes)..Uncollectible revenue..Net after taxes, &c..

Net after rents Aver, miles of r'd oper.

EARNINGS.

Freight revenue Passenger revenue _

Tot., incl. other rev.Expenses-Maint.wayMahn, of equipm't_Traffic expenses.....Transportation exp-

Tot.exp..incloth.Net from railroad..-Taxes (less war taxes)-Uncollectlble revenue..Net after taxes, dic..

Net after rents Aver. miles of r'd ()per.

EARNINGS.

Freight revenue. Passenger revenue.. _ _

Tot., incl. other rev.Expenses--Malnt,wayMaint, of equipm't_Traffic expenses__Transportation exp.

Tot.exp..inel.oth.Net from railroad..__..Taxes (less war taxes)_Uncollectible revenue..Net after taxes. &c..


Pennsylvania Sys. W. Lines (Con.)Grand Rapids & Indiana


1919. 1918 1919. 1918.

427,788 369,973 5,453,117 4,805,660

174,409 140,186 2,159,960 1,798,798

660,13960,012230,29910,885

371,893

558,607 8,238,636 7,207,72673,205 1,009,092 937,963156,984 1,946,195 1,790,48910,078 126,484 118,804

'349,669 3,943,833 3,363,025

698,428 612,905 7,341,516 6,474.944

-382 -54,29f "---86771-6 732,782

34,950 14,215 319,256 275,361

65 140 838

-73,295 -68,512 577,722 456,582

"-.---:83T2-81 *---4,7fr8rg 245,492

569 569 569 569

Pittsburgh Cincinnati Chicago & St Louis


1919. 1918. 1919. 1918$ $ $ s

5,535,486 4,752,678 62.536,682 59,316,445

2,082,122 1,907,376 22,235,350 19,024,164

8,505,649 7,336,471 93,606,303 87,224,887

1,313,196 1,249,966 13,373,786 11,111,714

4,131,532 2,357,190 31,476,584 24,483,309

110,645 43,427 1,104,988 1.053,740

4,120,019 3,874,381 42,081,195 38,777,075

9,969,296 7,684,311 91,091,636 79,131,535

-1,463,756 -----Tann -771m "r.-00:gri789,242 259,893 3,686,112 2,879.068

2,850 159 6.442 3,073

-2,255.849 -607,892-1177.888 5.211,210

:1Mrfi6V "-rtiiaTaf---TEW.-7- 7,1Y73,7762,383 2,387 2,383 2,394

Toledo Peoria & Western


1919. 1918. 1919. 1918$ s $ $74,482 107,905 961,829 1,075,145

48,935 48,318 592.599 463,531

132,80025,85076,0522,30879,990

164,582 1,645,768 1,645,59226,320 335,955 299,39745,380 517,549 428,2322,287 25,130 30,162

80.741 857,896 796,368

190,40 160,106 1,799,40/ 1,668,113

--57,692 4,476 ---153,639 --2275721)

8,500 17,733 102,000 118,987

-66,192 --13,257 --255,639 -141,508

.----5-27ff --11,215 =MT:5V -=-7-11-6-,-055247 247 (See also on page 14)

Peoria & Pekin Union-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1918. 1918.$ $ $ $25,066 35,412 331,280 283,587

3,061 6,734 43,318 73,451

123,99313,11237,023

72480,074

122,602 1,243,748 1,360,39430,546 210,249 177,29042,647 485,325 315,824

301 9,291 623104,118 905.957 973,587

136,689 182,293 1,674,953 1,514,841

-7=11761- -War Og -208,446

5,000 9,500 99,500 113,769

--7,696 --69,190 --530.705 --322.216

57)6 '---W4' =-33-811f) •••-7- OST- 1119 19 19 19

Perkiomen-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. . 1919. 191bft $ 3 a

03,411 100,926 981,568 1,007,3358,042 4,331 99,005 71,909

107,005 107,555 1,121,836 1,117,3839,078 11,147 75,005 79,9514,041 4,269 51,916 47,282

17 17 237 26632,558 41,829 431,088 455,998

46.050 57,486 562.410 586,807

==.764,-V .-"'7-678ff 559,426 .̀"•=7517g1,427 Cr7,331 20,481 23,171

50,527 57.400 538,944 507,404

58-,00 6-,800 .---01,-4fIr ""71gT,g0741 41 41 41

Pere Marquette-Month of December- -Jan. 1 to Dec. 31-

1919. 1918 1919. 1918$ , II $ $

2,235,037 2,045,544 26,504,203 22,200,348

556,720 433,260 6.127.460 4.233,796

3,072,670 2,689,573 35,443,136 28.985,011202,233 296,330 3,495,487 3,790,387

778,353 488,376 7,132,498 6,143,89425,024 21,859 337,974 344,772

1,602,261 1,138,240 14.764,362 12,233,618

2,693,856 2.014,758 26.723,825 23. , _ ,315 551

171T 6--,639,. 60,203 Cr28,958. 670,865 697,135

34 105 2.367 1,502

318,576 703.667 8.046,078 4.940,822

662,112 6,680,357 TrMaT2.230 2,233 2,232 2,238

PhDs. Bethlehem & New Eng.-Month:of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919 1918.$ I $ $

76,015Cr8,35.512,217

43672,544

120,12860,99223,694

20065,964

77,050 152,375

• -r,Or --32,247Cr1,129 Cr17,339

835,464 1.472,85383,924 228,989146,197 181,042

4,368 2,949580,731 820,364

828,196 1,249.9837,267 222,87612,733 19,162

-805 --14,908 -5,465 203,707

- --27703 -1T67;6171 71 71 71

Philadelphia & Reading-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

$ $ $ $4,795,600 6,032,289 57,850,183 66,755,087

898,207 1,049,017 10,854,210 8,683 ,464

96,104,259 7,629,262 /2,871,823 80,764,563

366,875 850,960 7,490,427 7,316,702

1,818,683 1,815,703 19,296,530 19,354,094

66,746 41,386 483.180 495,762

3,130,163 3,551,171 35,476,881 37,144,651

5,552.215 6,401,973 64,608,174 65,889,371

t5,042 1,27,89 8,263,6,10. 14,880,101

83,520 218,480 1,659,029 1,718,737

1,373 53 1,896 328

467,150 1,008,754 6,602,723 13,161.126

264,277 ----83778-01 -57083-,18-6 8,847,g1,127 1,126 1,127 1,126

Pittsburgh & Shawmut-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.$ $ I $76,206 109,638 1,046,663 1,280,637

5.858 5,506 52,056 47,367

83,383 116,225 1,115,124 1,343,607

12,352 47,641 358,407 347,787

35,990 37,498 468,687 377,612

1,261 944 17,895 13,266

34,479 43,434 420.372 525,898

8.772.2- 132,253i" 1,301,631 1,302,781

--3,739 --16,034 --186,506 40,822

100 1,520 2,367 14,589

-3,840 -14,514 -188.873 26,233

=Mg' =TOW 17-4-76-,12-8- 130,20

103 103 103 103

Pittsburgh & West Virginia-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

$ $ $ $117,223 53,212 1,181,427 1,534,744

9,941 10.928 118.459 112,398

141,94036,18477,5241,468

58,805

77,342 1,452,608 1,800,14663,088 589,078 513,72039,779 569,632 503,125

938 15,457 14,99867.213 654,790 717,424

189,982 176,442 1,995,217 1,925,381

--48,01r "74 4:Tff .'--542,600 -05,23S

21,174 15,904 149,071 170,924137

--69,215 --115,004 --691,817 -296,159

---- 3076. I087f '5-5--,3114' t:--3-2-6:89-g

63 63 63 63

Pittsburgh Shawmut & Northern-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919 1918$ $ $ $73.556 80,786 1,015,459 1,115,743

7.236 6,490 73,201 64,157

83,83419,12047,9071,266

46,856

91,139 1,125,756 1,216,34720,104 291,368 335,85142,608 582,364 636,6901.603 12,351 14.987

41.750 489.958 637,781

122.663 111,530 1.460,852 1.706,353

-38,829 -20,301 .=-3-3-53)-o5' -490,00-61,476 1,840 21,830 21,794

73 44 91 44

--40,378 -22.276 --357.017 -511.844

-7287/1-11 •=57-27T .!:712T380 -119,445

204 204 204 204

Port Reading-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.$ $ $ a

18,348 214,889 1,520,862 1,928,022

62,943 -2-95,202 2,377,412 2,637,218

18,176 51,442 232,124 270,7731,279 3,242 157,429 267,801

18 18 200 410

85,042 114.955 1,16.5,478 1,238.561

108.927 171.374 1.-571.769 1,792,416

-=,=5,984 123,82g 805,64 844,801

18,229 5,030 135,688 112,696

-7-64.214 118,798 669,933 732,104

-97,276 =1,61, 5 6,' '---i-Uri•I

21 21 21 21

Quincy Omaha & Kansas City-Month of December- -Jan. 1 to Dec. 31-

1919. 1918 1919 1918.X $ a s64,380 69,591 732,310 743,913

23,827 22,806 308,832 243,288

95,741 98,596 1,117,414 1,057,825

21,032 45,179 409,701 423,223

17,217 37,699 211,457 248,961338 242 2,673 9.319

70.183 67.952 596,122 610,174

109.862 151.791 1.233.752 1,322,723

n=li,22 --•=.171.17=4,177114,686 2,287 48,175 34,453

42 89 42

-28,907 --55,525 --164.603 -209,305

-35,11r --5,171A --2-iTu7--z---77-75r255 255 255 256

Rutland-Month of December- -Jan. 1 to Dec. 31-

1919. 1918 • 1919. 1918,$ 3 $ $ 1

234,916 170,740 2,610,670 2,623,259

113.220 122,772 1,395,874 1,167,126

414,748 340,659 4,838.533 4,540,580

61,939 75,119 807,493 774,427

111,749 118,835 1,179,444 1,073,536

7,500 7,585 75,948 120,475

208.293 188,034 2,263,692 2,292,466

401,348 402,818 4.475,206 4,387,180

"-M,7671 * -- ,77;6 "--74-07177 153,40g

19,558 25,690 231,358 221,85619 15 400 41

-6.177 -87,865 131,568 -68,489

4,874 --="77M1 216,601=715

415 415 415 415

11

Richmond-Washington SystemRichmond Fredericksburg & Petomas

-Month of December- -Jan. 1 to Dec. 31-1919. 1916. 1919. 1018.302,392 340,828 3,702,999 2,936,796255,285 347,093 3,331,912 3,563,012

635,187 741,874 7,743,234 7,164.37141,585 38,676 607,854 370,435117,225 81,537 1,103,480 812.7964,205 5,238 52.187 50,488

238,943 236,459 2,625,388 2,411,831

428,137 374,937 4,670,736 3,824,211

207,bi6 366,93'7 3,072,497# 3,340,16029,981 14,496 186,021 164.049

1 30 87 548

177,066 352,410 2,886,389 3,175,562

161,749 3,16,069'2,7s6;5-21 3,61-6-,0781 87 81 87

Washington Southern

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $

113,967 160,800 1.479,674 1,112,205148,639 264,187 2,286,254 2,313,790

321,632 466,354 4,532,783 4,027,01142,549 38,453 425,555 270,84839,380 36,995 491,753 401,5152,242 1,433 28,729 21,573

129,220 139,225 1,433,014 1,293,815

228,393 224,511 2.505,019 2,074,092

*3,3 r4fl 2, -2776-5 1,952,94216,476 7,398 98,073 76,744

28 2 96 86

76,733 234.435 1.929,593 1,876,111

56,437 .833,071 1,869,884 1,721,554h. pa,a 35 6.:35 6it 35 b...n..../4135

St Louis & San Prime-11mo SystemSt Louis-San Francisco

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918. -

4,059,951 3,921,888 51,243,803 45,312,6062,060,766 1,769.347 22,542,066 20,358,980

7,190,725 6,033.729 78,552,125 69,812,6041,040,124 1,085,815 12,288,307 10,198,0451,438,394 1,332,788 15,469,785 15,790,755

73,362 20,266 670,107 566,2843,073,527 2,442,950 30,022,280 26,917,040

5,827,261 5,008,139 60,428,102 55,251,975

L863,464 1,62,489 1174;612/ 14,560,628227,810 281,567 2,690,518 2,735,673

2,107 2,892 25,671 23,071

1,133,546 741,129 15,407,832 11,801,882

952,M 681,00.14,61T,38211,190-,-T064,761 4,761 4,761 4,761

Fort Worth & Rio Grande

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ S $89,795 48,679 863,675 678,41375,968 39,829 687,284 390.444

177,637 100,059 1,665,481 1,151,03238,252 21,781 351,972 218,20425,468 23,373 276,084 267,9272,107 426 17,249 19,792

86,895 51,406 807,123 540,538

159,021 98,259 1,526,323 1,103,126

18,01t ,7:0 ffiTTO 47,90612,810 2,578 46,211 35,828

120 4 486 672

5,685 -783 92,460 11.405

-14,l1g -3,30 1$,446 61:501"235 235 235 235

St Louis-San Francisco & Texas

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.X $ a $98,357 70,248 1,207,911 1,131,50220,633 10,590 223,553 153,562

131,163 93,936 1,537,640 1,366,34425,876 15,440 276,568 193,74724,293 18,860 254,129 257,3721,814 1,527 20,381 21,800

72,193 57,458 819,206 637,374

129,564 94,761 1,439,532 1.179,317

---0170 187,0276,570 1,413 23,725 19,531

3 6 215 249

-4,975 -2,275 74,167 167.245

=ism/ -48,n4 - r,-6-2 17-7-711. 1,556134 134 134 134

St Louis Southwestern SystemSt Louis Southwestern

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.

1,212,093 1,067,334 10,948,108 10,030,629218,149 207,305 2.219,127 2,449,685

1,487,071 1,318,751 13,750,284 13,035,152278,645 306,399 2,266,390 1,699,967244,312 237,391 2,924,447 2,695,96823,034 11,700 207,760 254,046

522,834 380,741 4,228,274 3.815,729

1,110.303 968,700 10.143.756 8,890.788

350,051 366-672-4 4,144,36456,954 • 51,628 513,063 519,409

289 128 2,535 1,757

319,523 298,294 3.000,930 3.623,198

-TWO-6 -IT '1,7711 g --5:5-7:863 3,672,69g939 968 , 939 968

St Louis Southwestern Ry of Texas

-Month of December- -Jan. 1 to Dec. 31-1919. 1918 1919 1918.a a a a

556,284 339,790 4,873,209 4,335,225

173,9(3 138,531 1,600,634 1,786,182

770,321 516,043 6,910,877224,852 . 197,126 1,861,125 1,526,407

202,394 231,719 2,295,714 1,993,01011,675 8,084 106,353 122,159

499,973 252,783 3,652,558 3,027,609

970,061 718.573 8.188,827 6.949,626

-1 7746 -202,&26 !----orrgus -306,1856,000 35,834 267,000 250,652

246 51 1,646 546

-235,986 -238,414 -1546,596 -647.417

-217,483' 1,508,15 =343,676814 814 814 814


12 RAILWAY EARNINGS [VOL.110.

EARNINGS.

Freight revenue Passenger revenue.. _ _

Tot., incl. other rev.Expenses-Maint.wayMaint. of equipm't_Traffic expensesTransportation exp_

Tot.efp.,incl.oth.Net from failroad_ _ _ _Taxes (less war taxes)_Uncollectible revenue..Net after taxes, &c_


EARNINGS.

Freight revenue Passenger revenue _ _Tot., incl. other rev.

Expenses--Maint.wayMaint. of equipm't_Traffic expenses.. Transportation exp_Tot .exp.,incl .oth.

Net from railroad..__ _Taxes (less war taxes)_Uncollectible revenue..Net after takes, &c_


EARNINGS.


Tot., Incl. other rev.Expenses--Maint.wayMaint. of equipm't_Traffic expenses_ _ _Transportation exp_

Tot.exp.,Incl .oth.Net from railroad.. __ _Taxes (less war taxes) _Uncollectlble revenue_Net after taxes, &c..


EARNINGS.

Freight revenue Passenger revenue......

'rot., incl. other rev.Expenses-Maint. wayMaint. of equipm't-Traffic expenses.._ _Transportation exp_

Tot.exp.,inci.oth.Net from railroad_ _ _ _Taxes (less war taxes)_Uncollectible revenue_Net after taxes, &c..


EARNINGS.

Freight revenue Passenger revenue .._ _

Tot., incl. other rev.Expenses-Maint.waYMaint. of equiptn't_

Traffic expenses_ _ _Transportation exp_

Tot.exp.,Incl.oth.Net from railroad Taxes (less war taxes)_Uncollectible revenue..Net after taxes, &c_

Net after tents Aver. miles of r'd oper.

EARNINGS.

Freight revenue Passenger revenue_ _ _

Tot., incl. other rev.Expenses-Maint.waYMaint. of equipm't_Traffic expenses......Transportation exp _

Tot.exp.,Incl.oth.Net from railroad.. _ _ _Taxes (less war taxes).Uncollectible revenue_Net after taxes, &c_


EARNINGS.


Expenses-Mal ut. wayMMHG. of equipm't_Traffic

expenses..- _

Transportation exp..Tot.exp.,Incl.oth.

Net from railroad_ Taxes (less war taxes).Uncollectible revenue_Net after taxes, &c_


St. Limb Transfer-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $

119,697 64,36019,619 4,242

Cr1,255 4,873186 136

61,081 40,16181,884 51,11637,811 13,24d

823 Cr2,582

36,988 15,82624,867 9,252 '

6 6

1,144,253150,801115,4082,227

545,196839,798304,4542,039

302,415

1,080,329123,593129,7132,627

621,666907,163173,165

1.4173

171,744234,897 78,958

- 6 6San Antonio & Aransas Pass-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 191k$ $ $ $297,504 244,477 2,953,328 2,847,667113,370 101,193 1,280,224 1,214,504

448,305127,36o125,441

369,984 4,516,590 4,370,33490,387 1,386,254 757,01.062.802 1,349,165 1,272,604

265,337 185.517 2,425,218 2,105,524537,749 262,092 5,425,555 4,410,329-89,444 ----TXIOT --908,964 -39,995

80,587 16,554 245,587 181,55438 1,604 1.726

--170,031 -8,701-1,156.156 -223,276--155,259 573 -1,17 --129,475

736 732 736 732

Seaboard-Month of December-

1919. 1918.

2,376,589 2,066,432971,922 1,241,762

3,687,553 3,609,185673,738 593,842910,078 1,027,21375,181 55.405

1,829,918 1.770,6813,632,371 3,540,514

55,182 68,671134,792 126,894

1,055 820

Air Line-Jan. 1 to Dec. 31-

1919. 1918.

25,211,829 22,338,21812,423,850 13,175,58241,183,532 38,923,1866,374.713 5,186,1368,982,486 9,108,666761,439 769,236

19,549,264 16,986,92437,465,817 33,346,792

3,17'-- 1-177-1-g' 5,576,3131,619,792 1,469,434

6,512 9.919--80,665 --59,043 2,091,409 4,096,959-=1-807214 ' -26,42d 1,852,29g 3,636,7E

3,563 3,563 3,563 3,563

South Buffalo-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.

$ $ $ $23,220 49,745 375,222 582,509

67.41611,722

Cr3,026563

77.522

125,584 949.683 1,563,095127,626 74.309 190,52517,738 168,067 195,861

308 4,662 3,96074.885 598,098 840,070

-94,452 123,318 871,538 1,252,701 -27,036 2,266 ig,14,1'Cr11,326 17,102 29,006 32,502

-15,709 --14.837 49.138 277,891 277(Y7l -7,595 -13,609 125,0--ig ,

11 36 11 36Southern Railway System

Southown Railway-Month of December- -Jan. 1 to Dec. 31-1919. 1918.1919 19188,164,579 6,737,696 81,811,428 76,183,2823.321.063 3.291.513 36.839.905 40.568.65812,858.780 10,727,373 129787,811 126574,2962,156,869 1,038,536 24,169,451 13,568,3102,321,999 2,124,699 27,467,880 24,570,010170,941 101,992 1,554,890 1,493,452

5.506.690 4,651.403 56,335.717 48,772.492 10,532,633 8,272.807 113744,812 91,810.4252,326,1-4-6 2.4547a 16,042,999 T-1,764,811.413,542 315,897 4,042,115 3,742,144

6.363 5,998 74,285 45.102 1.906.240 2.132.669 11.926.597 30,976,624 1,698,41X 2,111,87t3 17E1.e10 29,491.869

6,982 6,982 6,982 6,982Alabama Great Southern


$ 1 s 1918S

1918. 19191919.

691,404 653,717 7,470,847 6,371,190215.636 209.836 2.476.752 2.356.193970,249 915,858 £10,529,739 9,296,634156,668 58,346 1,513,343 734,758185,849 266,802 2,587,465 2,323,72214,636 5,834 160,372 147,681

299.644 394,280 3,906.049 3.679.411 685.109 743,596 8.463,776 7.104,514 285,140 172,262 '--2,065,962 2.103,12036,933 32,650 285,014 264,596

25 21 1,418 3,110248,180 139,590 1.779.530 1.925,412192,254 "--1:32W3' 1,489,17 '2,03471

312 312 312 312Georgia Southern & Florida


257,544 239,386 2,783,070 2,219012D:924

1910. 191g. 1919.$

155,434 149,879 1.226.272 1.127.735440,668 421,572 4,374,501 3,694.80072.020 71,041 740,901 567,370100.008 80,152 1,051,681 934,9275,691 4,105. , 7

215.334 161,344 2,099.221 1.555.758405.304 :127.802 4,103,923 3,249.53735,364 252,577 744-5-,-2-021,245 119,298 188,553 171,429

292 61 970 92013.826 74.409 63.053 272,91323,297 -taxi'

402 402 402 402

Southern Railway System (Conti.)Mobile & Ohio

-Month of December- -Jan. 1 to Dec. 31-1919 191s. 1919 19181,225,863 1,035,144 12,527,834 11,903,287210,771 238,933 2,226,121 2,099.8811,518,453 1,341,675 15,636,714 14,840,901302,731 154,678 2,815.763 1,916,624476,847 45-1.292 6.0 • I., 99 728..

27,974 24,675 295,419 362,043678,469 591,608 7,372.566 6.697.0821,531,472 1,250,563 16,043,045 14,131,172-13,118 907511 '--4067330 154-02545,000 50,378 588,022 525,234

65 57 1,558 2,248-58,084 40,075 ---995,910 182,246-48,057 47, 70-M-17-6--f3' 247,3118997 991 996 991

Southern Ry in Mississippi-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ S119,932 109,734 1,119,616 876,96781.015 75,532 621,899 525,754

213,80144,99125,4992,268

87,083

195,544 1,864,983 1,519,49523,756 469,125 313,99427,539 245,778 190,0892,891 29,465 28,237

83,837 950,141 763,971163,532 143,537 1.744.275 1,349,119 -765 C-2-68 52,007 --726,76V 170,3769,000 10,000 106,500 109.00010 2 512 118

41.258 42,005 13,695 61,258 19,402 40,678' 74,54' -40,70

278 278 278 278Southern Pacific System

Southern Pacific-Month of December- -Jan. 1 to Dec. 31-1019 191,4 19109,116,186 9,453,016 112953,830 101958,5754,207,158 3.474.417 43,,109,587 39.324,652

14,684,114 13,961,659 169.728931 153948,6452,407,638 2,311,923 25,171,876 18,719,0623,088,488 3,857,106 33,037,723 28.165,935148,394 92,942 1,468,440 1,458,7306,018,941 5,477.872 63.599.731 59.617,053 12,277,894 12,284.753 129448.484 113652,897 -274-0-6721V 1",-67-67066' MS07446' 46C2-06-.713388,682 640,641 6,815,959 7.127,320

2.329 630 29,456 41.327 2,015,207 1,035.634 33,434,940 33,127,0967.177766 7,---41,454 -32,560,709 33,970,453

7,024 7,050 7,047 7,050Arizona Eastern

-Month of December- -Jan. 1 to Dec. 31-1919. 191a. 1919. 1918.S433,484 326,793 2,858,048 3,657,70553.180 44.529 553,826 551.197315,208 393,432 3,681,306 7,478,69143,840 Cr70,917 796,609 668,54854,976 26,145 608,546 602,705.3,251 1,793 27,094 26,107110.594 122.003 1.220.377 1.216.865217.787 77.203 2.801.78g 2.736.50697,42128,105

305

316,228 879,518 1,742.1846,656 249,903 193,807

75 934 1.03269.010 309.496 628.680 -1,547,34459,382 309,29 58-K-43-17f 1,472,2V

377 377 377 377Galveston Harrisburg & San Antonio-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.

1,755,252 1,213,579 15,449,482 14,708,780467.830 547,140 5.468,207 5,274,2332.333,202 1,850,416 21,957,495 21,273,847240,410 205,439 3,005,164 2,335,956459,601 361,717 4,849,732 3,799,4'7919,503769.043

1.564.238768,963154,0462.334

Southern Pacific System (Cond.)Louisiana Western-Month of December- -Jan. 1 to Dec. 31-1919 1918 1019 1018303,902 242,390 2,684,730 2,854,649143,407 115,565 1,357,107 1,241,013

267,795 374,370 4,234,506 4,348,16143,024 34,503 569,942 347,69769,745 60,691 765,434 643,1064,943 3,977 50,573 66,268111,843 116,313 1,145,502 1,147,880240,992 226,853 2,683,:303 2,348,526226,803 147,511 1,551,292 1,999,63504,501 14,386 194,395 166,670205 144 525 2,895132,096 132,986 1,356,371 1,830,069123,12/ 123,206 1,281c7i71 1,826,615207 207 207 207Morgan's Louisiana & Texas RR

-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.$ $ $ $699,049 631,601 5,469,544 5,897,356229,452 162,055 2,129,633 1,854,186980,104 840,632 8,065,807 8,351,73190,443 124,283 1,250,722 903,868147,504 121,333 1,628,665 1,419,8159,897 6,009 98,446 92.534286,428 330,514 3,120,634 2,943,846553,867 599,784 6,358,060 5,578,728426,236 240,848 1, 07,746 ' 2,7i-N77597,273 26,763 431,581 346,981154 27 1,957 2.524328,809 214,056 1,274,207 2,423,4963'12,10.' 175,26/ l'-i,171I,ITI ' 2,363,144400 400 400 400

Texas & New Orleans-Month of December- -Jan. 1 to1919 1918. 1919

$ $ It536,030 391,506 5,374,159190,953 202,635 2,048,872805,901 626,972 8,140,177117,769 184,929 1,455,442217,658 162,851 2,276,3845,562 3,137 55,837393,430 274,350 2.950,768

Dec. 31-1918

4,952,7811,899,5757,445,599

791,851 648,202 7,268,35714,050 -21,229' 8717820 1,29)9, 18,635 16,328 253,547

I 1,201 78 5,603 I -5,786 -37,636 612,66972-7761 -54,321 -57775-

469 469 469 469Spokane International

-Month of November- -Jan. 1 to Nov. 30-1919. 1918. 1919 1918.$ $ $ $103,827 50,714 858,849 735,37018,336 11,265 185,870 145,668124,379 73,542 1,072.680 . 912,90327,245 12,412 215,521 150,2819,829 8,164 92,941 04,994

2 1,542 19,075 16,42241,5021 28,218 356.579 302,337

85.361 54,739 731,576- 605,200--T?-r96 ̀-rosn --iiirrus --wrrn3,202 51.238 36,248

38 75----31--8,_ 21 15,562 289.864 271,379-7775.7 -77117f =IA" 23/,156

1565f1

163

-Month of December- -Jan. .1 1to Dec. 31-1919. 1918,

Spokane Portland & Seattle

$ 1918.

$ $331,410 526,475 4,023,534 5,952,144155.281 151,690 1,841,587 1,972,328532,701 728,507 7,275,263 8,496,944137,230 257,310 1,235,183 1,297,18195,328 75,643 1,006,7(17 975,8028.110 210,306 276,788 5,5373,924 73,684 65,479709,721 7,968,686 7,864,672 249.068 231.5)2 2.514.916 2,589,222

l,:353,290 16,863,755 14,986,129 7514,8 5 591.138 717717r9 1-5,4ffil.'75497,125 5,093,739 67287771Y 17,836 137,369 2,170,824 37300,6763,823 735,864 622,287 75,000 59,200 742,000 810,0052,6-3 7,367 5,850 103 13 602 565Cr57,266 78.155 _ j_1 42_8,221 2,_...„._..490 099Cr59,298 '===a77i3 - ,(-1:1-1-75-0 1".2,WO-A66538 538 538 538

-Month of December- -Jan. 1 to Dec. 31-.qp.

Stath5n Island Rapid Transit1,1T

79,309 93,452 1,109246(1,267 189;181165

Q f

00.99:1 63.844 939,465 821,574

612,883 490.678 4,350,508 .. 5,659.579502,448 453,868 '-4,018.183 5,347,7571,381 1,382 1,381 1,371

Houston & Texas Central-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S s s s

726,844 539,464 6,502,063 6,189,186269.167 210,366 2,648,700 2,212,798,1,060,420 801,053180,215 143,892182,907 62,9997,144 Cr3 ,463

409.013 289,331798,166 509,160

' 291,89376,189 '15,655

318 257185,746 275,980178,732 276,645

847 887

9,720,533 9,041,980,1,757,962 1,203,1441,797,851 1,500,931

80,030 109,9213.905,528 3,364,0587,777,320 6,397,01011,943,212 2,64T,-918,455,494 406,118

3,909 2,73911.43:1,807 2,4:16,112

1,516,654 2,486,306847 928

Houston East & West Texas-Month of December- -Jan. 1 to Dec. 31-1919. 1918. 1919. 1918.S s s $157.097 127,284 1,716,604 1,463,31760.959 59.473 566.552 502,088

320,842 196,528 2,396,164 2,087,71635,198 52,296 417,799 326,88328,927 35,602 310,970 288,9561,333 666 12,127 18,377108,370 82,866 1,105,820 889.239. 175,887 176.426 1,896,862 1,566,078I 54,954 20.102 499,301 512=21,836 2,112 91,070 72,927355 86 1.723 485

32,764243181

190

162,860 179,163 2,244,671 1,934,7513 , 9 ,30 I"- 22 '" 3""•,-•,-'"n')1,317 798 12,827 15,355107.911 94,805 1.198.622 973.095

T78,697 162,5:37 1,962,2:15 1,700,425-15,836 113i77ZACr16,803 17,770 177,803 141,770011 622 27-32.646 --1,144 93,960 92,5261' -3,1' -51751 =CM23 23 23 23

Tennessee Central-Month of December- -Jan. 1 to Dec. 31-1919 1918. 1!t19. 1918.S s t $139,849 166,182 1,775,940 1,936,89247.958 67,640 576,100 937,068

199,761 245,094 2,489,537 3,011,82248,457 75,753 847,992 669,93239,460 92,092 616,480 672,3536,317 928 40,259 28,806222.044 111,610 1,246,550 1,258,519211,957 286.326 2,826,466 2,712,527--12,196 -41,232 -33 28 29070$7,000 5,450 65,350 78,5262 14 219 36616.902 406,507 448,324 -19 198 -46,696 102,498 220,39215,228 369,m --44,045 =Iran530Wb 4,744190 190 190 292 293 2J2 293


FEB. 1920.] RAILWAY EARNINGS13

Terminal RR Associn of St Louis Union Pacific System (Cond.)Wabash

Terminal Railroad Association of St Louis Oregon-Washington RR & Navigation -Month of December- -Jan. 1 to Dec. 31-

EARNINGS. -Month of December- -Jan. 1 to Dec. 31-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.

1919. 1918. 1919. 1918. 1919. 1918 1919. 1918 S $ $ S

Freight revenue 1,396,848 1,658,661 19,413,730 17,896,064 3,314,678 3,247,001 35,255,547 34,498,242

Passenger revenue... _ 3,321 3,873 40,755 39,990 564,594 504,218 6,770,652 6,239,289 893,968 832.148 10,143,356 9,993,358

Tot., Incl. other rev. 412,744 315,142 4,002,716 3,882,409 2,166,961 2,342,623 28,367,603 26,264,956 4,622,171 4,556,981 48,847,085 48,246,411

Expenses-Maint.way 66,202 110,660 898,095 741,837 398,074 528,740 5,016,131 4,162,528 700,420 686.325 8,086,880 6,104,353

Maint. of equipm't_Traffic expenses.._

30,178 9,400 607,309 553,0991,444 765 10,309 10,038

410,008 158,630 4,443,018 3,629,173

35,341 32,477 357,752 379,238900,976 702,105 9,358,676 9,497,764

57,917 43,421 657,109 711,877

_Transportation exp_ 215,541 164,429 1,877,713 1,798,693 1,115,629 908,323 11,478,429 10,100,012 2,476,337 2,191,277 24,610,614 22,489,629

Tot.exp.,Incl .oth. 320,701 291,776 3,495,235 3,193,111 2,092.358 1,755,105 22,737,662 19,731,478 4,297,480 3,742,155 44,391,737 40,124,609

Net from rallroad.._ 92,043 23,366 1-'7(774 689,297 74,602 587,51g 5,62 , 40 ' 6,53-3,4,4 32T7401 814,04 4,455,348 8,121,80/

_ _Taxes (less war taxes) _ 47,264. 36,987 370,830 400,828 346,552 153,920 1,598,136 1,512,046 102,163 101,106 1,303,123 1,334,102

Uncollectible revenue..289 89 209 37 4,006 2,288 4,356 216 9,176 2,301

Net after taxes__ _ 44,779 -13,621 136,361 288,379 -272,159 433,560 4,027,798 5,019,143 218,171 713,503 3,143,048 6,785,397

Net after rents .--18-1767-1 125,000 it-01,11 1,856,682 -291,337 375,413 3,170,344 4,486',403 84,078 47 .010 -831,151 3,715,511

Aver. miles of r'd oper. 36 36 36 36 2,070 2,069 2,070 2,066 2,503 2,503 2,503 2,512

St Louis Merchants Bridge & TerminalTotal Company Western Maryland

-Month of December- -Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31--Month:of December- -Jan. 1 to Dec. 31-

EARNINGS. 1919. 1918. 1919. 1918. 1919. 1918, 1919. 1918. 1919. 1918. 1919. 1918

$ $ $ $ 2 2 i 2 $ $ S $

Freight revenue 9,805,894 10,527,942 128975,830 116315,988

909,332 1,567,502 12,219,513 13,528,179

Passenger revenue _ _ _ 565 2,166 7,525 6,886 2,809,854 2,497,516 35,766,515 30,180,036 81,813 83,103 1,077,210 1,004,670

Tot.. Incl. other rev. 363,521 250,284 3,217,134 3,620,589 13,931,274 14,122,016 177447,697 158845,1731,111,645 1,745,627 14,610,409 15,."-ro2,361

Expenses-Maint.way 66,714 33,610 662,672 489,078 2,057,285 2,201,084 25,719,045 19,531,522 367,626 366,620 2,809,337 2,861,071

Maint. of equipm't_ 4,840 14,283 441,953 503,945 3,063,050 2,404,574 31,460,939 25,155,883 549,551 403,358 5,055,826 4,713,553

Traffic expenses_ __ 780 768 9,017 9,694 100,864 85,371 1,109,860 1,362,820 21,369 15,432 216,873 234,531

Transportation exp.. 250,105 226,096 2,356,158 2.395,365 5,392,763 4,716,149 54,817,313 47,461,551 577,617 612,568 5,811,003 7,153,139

Tot .exp . ,Incl .oth. 337,940 279,076 3 543,419 3,470,013 21,420,851 10,237,758 121772,704 101218,7751,577,411 1,458,868 14,591,767 15,526,447

Net from rallroad.._ 25,581-2g,701 -J26,285 150,575 2,510,42d7;§.73,172-51 55,674,00 57:62i3,30-465,768 -286,75 18,641 -124=

_ _Taxes (less war taxes)..tincollectible revenue..

10.152 8,695 100,050 101,5519 369

1,049,674 792,928 7,072,841 6,986,410001 1,014 16,128 10,345

43,200 43,200 518,400 518,400

4,960 437 4,960 433

Net after taxes, &c.. 15,428 -37,486 -426,345 48,655 1,459,844 3,090,313 48,586,020 50,629,640 --513,925 243,125 --504,718 --642,929

Net after rents 12, 84 -48,394 -423,102 --106,555 1,421,515 3,030,998 46,682,664 '50,808,238 '-438,941 In 201,1g1. -161,533 '-'192.46

Aver. miles of r'd oper. 9 9 9 9 8,031 8,030 8,031 8,015 689 1:707 is 698 .A707,,,- ... •,,..1...^. .-:-..............

Texas & Pacific St Joseph & Grand Island Western Pacific

-Month of December- -Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31--Month of December- -Jan. 1 to Dec. 31-

EARNINGS. 1919. 1918. 1919. 1918.2 3 2 $

1919. 1918. 1919. 1918.$ $ $ $

1919. 1918. 1919. 1918.S $ S $

Freight revenue 2,200,235 2,035,015 23,575,336 17,996,086 181,471 134,121 2,271,926 2,044,733 1,078,994 781,066 11,227,664 9,187,872

Passenger revenue _ 1,179,786 765,203 10,676,692 7,449,816 38,618 33,915 504,880 375,743 158.971 66,947 1,912,422 1,373,496

Tot., Incl. other rev.Expenses-Maint.way

3,613,746 3,053,094 36,212,437 27,294,833527,635 329,369 5,118,022 3,610,862

23T-5-g 183,523 2,932,822 2,588,57736,023 73,884 607,363 551,288

1,291,017 891,643 13,657,296 11,065,962

138,102 263,072 2,524,159 2,034,146

Maint. of equipm't_ 739,503 673,352 7,716,050 5,130,583 33.442 31,667 474,821 463,692 204,756 219,088 2,256,687 1,634,999

Traffic expenses- - -Transportation exp..

30,408 12,921 305,174 294,4271,539.511 1,453,247 15,827,618 11,894,810

2,406 2,186 24,485 26,197

148,374 146,277 1,578,100 1,400,90515,666 15,291 153,852 187,703

384,465 408,225 4,075,386 3,625,271

' Tot.exp.,Incl.oth. 2,945,104 2,545,219 30,137,572 21,900.380 239,077 269,669 284,433 2,559,030 790,439 938,501 9,545,284 7,891,617

Net from rallroad..__ 668,642 507,87611774,W 5,394,452 -5,521 :"-W170 88,389 500,578 '-=-41..i,T358 .4,112,01f 3,1/4-,34.T

_Taxes (leas war taxes)_Uncollectible revenue..

138,900 102,943 1,222,478 1,086,634198 841 7,546 6,506

16,579 17,972 130,703 '112,64416 116 43

62,874 103,660 585,264 600,975234 21 1,250 1;759

Net after taxes, &c_Net after rents

529,543 404,089 4,844,83g 4,301,251 --24,117 --104,119 -42,430 -83,141 437,469 -150,540 3,515,497 2,571,609

314,45d 282,D32 3,602,451 3,707,266 '"=-15,154 '7:777.705 '!--10,526 490-,61 --140,4 35 -6761 2,575,300

Aver. miles of r'd oper. 1,946 1,946 .1,946 1,946 258 258 258 248 1,011 1,011 1,041 1,011

Toted* St Louis & Western Union RR (of Pennsylvania) Western Ry if Alabama

-Month of December- -Jan. 1 to Dec. 31- -Month of December--Jan. 1 to Dec. 31--Month of December- -Jan. 1 to Dec. 31-

EARNINGS. 1*1t 1918. 1919. 1918. 1212. 1912. 1918. 1919. 1918. 1919. 1918.

2 2 2 2S 2 2 2

Freight revenue 784,882 658,248 7,419,636 7,266,395125,281 136,929 1,402,227 1,425,799

Passenger revenue_ 25,531 41,113 452.877 899,372

-13-87050

80,125 96.998 954,420 941,306

Tot., Incl. other rev. 844,063 8,267,877 8,306,127 593,796 646,164 7,770/5 176713-513 223,417 245,164 2,546,170 2,554,202

Expenses-Malnt.way 108,763 117,318 1,475,280 1,365,516 ' 118,557 53,017 1.050,544 615,736 25,483 19,660 314,119 291,970

Maint. of equipm't_ 195,491 131,678 1,821,103 1,737,323 210,140 140,544 2,357.532 1,928,731 41,896 53,164 518,549 527,455

Traffic expenses.._.. 6,657 4,016 72,625 116,920 818 602 3,625 3,8.07 6,377 2,127 40,191 43,376

Transportation exp. 352,166 259,266 3,440.980 3,087,829 415,793 324,696 4,246,850 3,728,456 10,804 99,899 922,831 874,078

Tot.exp.,Incl.oth. 671,964 520 641 6,944,945 6,424.137 756,149 528,446 7,749.697 6,355,141 154,669 184,598 1,915,587 1,844.738

Net from railroad.. _ 172,008 21 ,40g 1,322,932 1,881,989 -162,35/ =-,Virg. -.30,421 723,17260,566 "-OTTO 71177T

_Taxes (lens war taxes).. 26,000 26,000 315,600 274,200, 9,470 3,645 91,451 87,981 1,063 6,737 72,436 83,337

D'ncollectible revenue_ 3 130 170 9 9 6 6 25

Net after taxes, &c_ 146,095 191,408 1,007,801 1,607,619 -171,831 114,072 -130,882 635,184 69,811 53,829 558,140 629,641

Net after rents 103,032 167;701 ---713747A 1,241,18/ -155,524 150,806 417,18g -1,455,91d 1,675 52,18, 558,800 -UMW

Aver. miles of r'd oper. 454 454 454 454 40 35 40 35 133 133 133 133

Ulster & DilikInure Utah N4rhe)eling & Lake Erie

-Month of December- -Jan. 1 to Dec. 31- -Month of December- -Jan. 1 to Dec. 31--Month of December- -Jan. 1 to Dec. 31-

EARNINGS. 1919. 1918. 1919. 1918. 1919. 1918. 1919. 1918. 1919. 1918. 1919. 1918..

2 2 $ $ $ $ $ S 2 $ $

Freight revenue 45,993 23,630 659,782 524,790 169,048 118,709 1,301,109 1,394419 803,838 824,022 10,682,085 11,970,359

Passenger revenue.. _ _ 18,925 13,137 321,370 379.912 764 422 6.785 6,879 66,669 51,222 677.875 485,487

Tot., incl. other rev.Exponses--Maint.waY

90,237 55.862 1.215,809 1,006,44419,011 17,620 200,692 180,412

169,187 120,095 1.309,8(7 1,409,23511,074 13,465 164,664 177,963

957,643 951,455 12,600,839 13,592,172

164,181 192,944 2,999,711 3,201,985

Maint. of equipml.. 22,127 17,827 230,877 186,828 26,264 28,506 263,894 190,726 251,330 276,472 2,357,254 2,092.863

Traffic expenses 3,805 1,355 18,588 15,797 245 150 2,474 2,011 5,787 6,165 75,176 84,078

Transportation exp.. 72,820 42,501 794,873 574,317 34,618 19,669 263.269 266,637 437,167 487,261 5,100,797 5,555,554

Tot.exp.,Inel.oth.Net from railroad_

117,884 83,435 1,304,324 1,014,643 74.69. 67.513 720.536 704,530 885,990 989,138 10,869,538 11t5135--V1:0

-27,647 --27,573 "77788,5El -8,1 94,508 52,582 589,329 704,704 -37,683 1,731,3(77' 2,328,320

Taxes (lees war taxes)..Uncollectible revenue_

4,800 4,820 54,600 55,42057 77 118

3,028 2,882 48,560 39,7071 1

83,837 72,800 719,262 662,0161,198 39 2,286 640

Not after taxes, &c_ -32,447 --32,451 -143,192 -63,739 91.478 49,700 540.766 664,997 -13,382 -110,523 1,009.752 1,663,663

Net after rents -34,263 -32,284 77:T53O3 --57,849 83,852 43,549 -7277 589,157 -64,101 '----- 8,5"/7 9'3-3873-4 1,048,582

Aver. miles of r'd oper. 128 128 128 128 98 98 98 98 511 511 511 ,., 511

Union Pacific trstem Vieksburg Shreveport & Pacific Wichita Falls & Northwestern

Union Pacific -Month of December- -Jan. 1 to Dec. 31--Month of December- -Jan. 1 to Dec. 31-

EARNINGS. -Month of December- -Jan. 1 to Dec. 31- 1919. 1918. 1919. 1918. 1919. 1918. 1919. 1918.

1919. 1916. 1219. 1918. $ $ $ i $ S it $

Freight revenue 6,060,255 6,468,879 80,761,292 72,679,801 152,308 211,976 2.075,838 1,577,514 138,635 63,360 1,695,831 683,259

aasenger revenue 1,675,787 1,534,164 21,944,240 18,055,066 117,196 102,224 998,788 809,357 50,028 26,594 506,364 296,971

Tot., Incl. other rev. 8,603,326 8,732,532 110619,514 98,443,364 294,403 323.798 3,323,329 2,689,104 202,370 96,957 2,308,744 1,068,157

Expenses---Maint.way 1,302,737 1,196,630 15,177,307 10,766,975 32,052 48,199 542,331 374,841 64,377 35,926 670,857 369,981

Maint. of equipm't_ 2,087,949 1,730.712 20,793,022 16,413,257 66,610 70,100 722,051 634,455 69,996 37,955 366,050 287,857

Traffic expenses 46,575 38,727 550,312 736,706 9,540 2,825 54,681 46,031 2,164 132 16,997 12,722

Transportation exp.. 3,201,138 2,791,553 32,023,214 27,332,797 129,598 132,802 1,223,695 1,029,124 153,570 79,877 1,289,840 650,769

Tot.exp.,Incl .oth. 7,146 107 6,311,125 73,036,678 59,877,810 251,790 264,057 2,693,383 2,223,356 298,071 159,780 2,425,562 1,389,803

Net from railroad.... 1,457,214 L421,406 t 6,882,835 38,565,554 42,611 "-W7T. I-M7473 465,741 -95,700 --64-02 -116,811 -321,64g

Taxes (less war taxes). 443,387 346,259 3,303,237 3,446,321 6,572 26,416 149,127 132,586 11,178 10,024 117,624 108,808

Uncollectible revenue.. 519 804 9,561 4,854 11 5 500 323 57 68 744 160

• Net after taxes, &c.. 1,0133i2 _2074,343 33,570,036 35,114,37836,029 33,319 480,317 332,837 -106.936 -72,914 -235,186 -430,614

Net after rents 999,886 767 ,r73O 32,778,784 35,616,553 27,886 6,713 447,387 I-522,495 .-1-3-8-,Wt ' -73,072 =407,171 • -489,5i3

Aver. miles of r'd oper. 3,614 3,614 3,614 3,624 171 171 171 171 4,4Aggi328 . 128;,.1.A328 - .;;.• As,c 328_444=

Oregon Short Line Virginian iNYasoe & Mississippi Valler., .1

-Month of December- -Jan. 1 to Dec. 31--Month of December- -Jan. 1 to Dec. 31- =Month of December- -Jan. 1 to Dec. 31-

EARNINGS. 1919.1919. 1918. 1918. 1919. 1918. 1919. 1918. 1919. 1918. 1919. 1918.

2 2 2 2 S $ $ $ 2 S 2 $

Freight revenue 2,348,791 2,400,402 28,800,808 25,041,123 940,055 753,567 10,268,428 10,478,638 1,509,092 1,703,820 18,255.196 17,074,083

Passenger revenue _ 569,473 459,134 7,051,623 5,885,681 69,473 68,301 722,910 637,647 698,165 604,524 5,605,017 4,456,277

Tot ., Incl. other rev. 3,160,987 3,046,862 38,260,580 34,136,853 1,082,469 887,349 12,075,305 11,903,444 2,315,9-g 2,398,801 24,952,130 22,477,008

Expenses-Maint.way• Maint. of equipm't_356,474 475,714 5,525,607 4,602,019565,093 515,232 6,224,899 5,113,453

139,017 192,952 1,838,772 1,532,407269,465 300,191 2,662,385 2,676,010

443,086 316,474 4,073,202 3,053,249

560,565 596,008 5,596,600 4,777,336

Traffic expenses_ 18,948 14,167 201,296 246,876 4,264 4,975 56,342 69,028 17,922 15,141 191,512 187,575

Transportation exp. 1,075,996 1,016,273 11,315,660 10,028,742 479,913 505,007 4,421,505 4,815,018 992,387 863,964 9,114,323 8,183,362

Tot .exp.,Incl.oth. 2,182,386 2,171,528 25,098,364 21,609,487 909,243 1,027,590 9,175,000 0,277,017 2,056,444 1,846,727 19,285,122 16.731,537

Net from railroad_ _ _ _ 978,606 875,333 7517271i3 12,527,366 "-1.73.225 =-76:111 1-0667(1)260,464 =2M 5,66'7,90/ 5,745,471

A Taxes (less war taxes) ..UneollectIblo revenue..

259,735 292,749 2,171,488 2,028,043173 173 2,561 3,203

70,000 37,300 433,200 469,0304 235 45

99,583 123,257 799,381 812.300

440 43 3,217 2,452

Net after taxes, Ste_ 718 691 582,410 10 988,186 10,496,119 103,220 -177,541 2,466.,868 2,159,451 160,440 428,773 4,864.408 C930,718

Net after rents 71 S96(1 581,844 10,733,53g 10,703,19/ ---115,480 -218,265 2,541,112 1.848,259 11,284 405,894 771477113 11,499,

Aver. miles of r'd oper. 2,347 2,347 2,347 2.325 523 520 522 519 1,381 1,382 1,381 1,382

•


14 RAILWAY EARNINGS [VOL. llo.

COMPANY RETURNSAll the figures in the foregoing pages are transcripts of the monthly returns as filed with the Inter-State Com-merce Commission at Washington. A few railroad companies still issue monthly statements of their own, thoughunder Government control the number of these has been greatly reduced. The form of these company returns isoften different from that prescribed by the Commerce Commission. In some instances the figures in the two re-turns correspond, but the company statements go beyond the requirements of the Commission and give fixedcharges and income from investments in addition to earnings and expenses.It is our purpose that each issue of the "Railway Earnings Section" shall furnish an absolutely completerecord of all monthly returns, in whatever form issued, that may be put out by any steam railroad in the UnitedStates. Accordingly, we bring together here all the company statements (few though they be) where theydiffer in any way from the returns to the Commission, or where they embrace more facts than are contained insuch returns. In these instances, of course, uniformity is lacking. Each company makes up its statement ac-cording to its own conception of what will serve best to convey a correct idea of the course of its income in the dis-tinctive circumstances that may attend its operations or the character of its business. We in turn give the state-ments in the precise form furnished by the companies. Obviously, we cannot undertake to reconcile differences ordiscrepancies that may appear between the company figures and the Inter-State Commerce returns.It should be distinctly understood that where the company statements are identical with those rendered to the Com-merce Commission, and do not include any additional items, we do not undertake to repeat them here. In such easesthe reader must look for the figures among the detailed statements on preceding pages, which include every steam road thatis obliged to make monthly returns to the Commission.

Bellefonte

Gross receipts Operation Net

Interest and taxes Surplus

Buffalo Rochester

Operating revenues Operating expenses Net revenue

Railway tax accruals Uncollectible railway revenue Railway operating income

Equipment & joint facility rents Not

Fonda Johnstown

Total railway operating revenues_Railway operating expenses Net revenue from railway oper Railway tax accruals Railway operating income

Miscellaneous operating income,..Total operating income

Non-operating income Gross income

Total deductions from gross incomeNet Income

Central-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.5 S S 38.948 8,239 102,280 86,7528,664 7,378 91,528 76,944

Chicago

Miles operated Total operating revenues Total operating expenses Net revenue from railroad oper-

ation Net income after charges

New York Chicago

Operating revenues Operating expenses Net operating revenue ----324,5-2-Tarryensauned uncollectible railway

Operating income Other income Gross income

Deductions from income_Net income

New York Ontario

Operating revenue Operyting expenses, taxes and un-collectible revenue

Great Western-Manth of July- -Jan. 1 to July 31-

1918. 1917. 1918. 1917.$ $ $ $1,496 1,496

1,712,829 1,378.105 10,123,320 9,212,9811.405.553 1,026.810 9,295.096 7.052.760284

94361210

10,7521,330

11,8082,520

307,276 351,295 828,224 2.160,221190 651 9,422 9,288

& Pittsburgh-Month of December- -Jan. 1 to Dec. 31-

1919. 1918. 1919. 1918.S 5 S .51,005,819 1,606,733 13,955,591 18,479,6581,309,219 1,570,366 15,028,726 17,577,207

86.821

-Month of1919.5

2,125,6331,801,108

85,396

125,946

& St LouisDecember-

1918.3

2,505,3611,746,974

def736.485

-Jan. 1 to1919.$

23,475.55218,317,8025,157,7-5-6631,398

740.564

Dec. 31-

22,169588,3. 8117,489,757

758,387

127,531630,85649,043

5,166,624

647,687239,12914,762

4,526,352148,385

4,07-1,737641,293

4,518,937172,927

-303,400

5

36,367-1,073,135503 280,000104 572

902,451294,580

343253,891 55 977_ 2197,914

-Month1918.$

1,314,416

826,893

679,89954 956*

4,691,864783,515-303,405

119,74235,760-1,353,70749,514 304,731

607,528419,990

_ _624,943 4,033,444 3,908,34-6

& Westernof July- -Jan. 110 July 31-

1917. 1918. 1917.$ $ $

958,072 6,090,513 5.067,709

601,149 5.473,009 3,848,758

-183,663 85,274-1,018,976 1,027.518

& Gloversville-Month of December- -Jan. 1 to Dcc. 31-1919. 1918. 1919. 1918.3 s s s99,156 112,064 1,123,137 1,251,65166.091 69,379 696,889 803,399

Net revenue Other income and deductions, not..

487,523113,843

356,923112.208

617,504819,388

1,218,951720.273Net income 373,680

Toledo Peoria &-Month of

1918.5Railroad and outside revenue 163,281Operating expenses 132,824

244 71,5

WesternAugust-1917.5 '

117,103106.41910.68415.010

-201.882 498.678

-Jan. 1 to Aug. 31-1918. 1917.$

1,014,278 843,2681,010.748 774.524

33,0653,223

42,6856,684

426,24865,522

448.25764,584

29,842-555

37,001-1,198

370,7264,540

383,6687,938

29,2871,365

35,803-582

375,26633,371

391.60636,730

Net earnings Other income

30.4577.810

3,530126,150

68,744152.17930,652

32,15435,22131,690

408,637393,701

428,336372,549

Total net income Fixed charges, &e

38,2676.596

25,6948.880

129.6471.481

220,928181,1161-1.502 3,531 14,936 55,787 Surplus 31.671 18,814 58.109 39.921

-a

•

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