BANK AND QUOTATIONSECTION

OF THE

COMMERCIAL &

FINANCIAL

CHRONICLE.Copyrighted in 1912 according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C.

VOL. 95. NEW YORK, DECEMBER 7 1912. NO. 2476INDEX

TO STATEMENTS OF BANKS AND TRUST COMPANIES.

ALBANY. N. Y. Page. MILWAUKEE, WIS. Page.National Commercial Bank

ATLANTA. GA.Atlanta National Bank

Georgia Railroad Bank 8

Merchants' National Bank 6

National Bank of Baltimore 3Safe Deposit & Trust Co 6

First National Bank

10

National Union Bank 4

Marine National Bank 4

CHICAGO. ILL.Chicago Savings Bank & Tr. Co- 8Colonial Trust de Say. Bank

11Continental& Commero'l Nat.Bk, 12Continental & Commercial Trust& Savings Bank

Inside back coverCorn Exchange National Bank 10First Nat. Bank of Chicago 14Live Stock Exchange Nat. Bank_ 11Merchants' Loan and Trust Co 13National Bank of the Republic 12

AUGUSTA, GA.

BALTIMORE, MD.

BIRMINGHAM, ALA.

BOSTON, MASS.

BUFFALO, N. Y.

CINCINNAT/, OHIO.Fifth-Third National Bank

12

CLEVELAND, OHIO.First National Bank

11Union National Bank

11

DENVER, COL.First National Bank

13

DETROIT. MICH.People's State Bank

5

FORT WORTH, TEXAS.Fort Worth National Bank

8

GRAND RAPIDS, MICH.Old National Bank

5

HARTFORD, CONN.Aetna National Bank

4 First National Bank

MINNEAPOLIS, MINN.First National Bank

15Northwestern National Bank_ _ _ _ 15Security Nat. Bank of Minn_ _ _ _ 15

MOBILE. ALA.People's Bank

10

NASHVILLE, TENN.American National Bank Fourth and First National Bank.

NEWARK, N. J.Union National Bank

49

3

NEW ORLEANS, LA,Whitney-Central Nat. Bank__ 11

NEW YORK, N. Y.Chemical National Bank

2Citizens' Central Nat. Bank 2Coal & Iron National Bank 2

Farmers' Loan & Trust Co

18Fourth National Bank

aHanover National Bank

2Seaboard National Bank

2

NORFOLK, VA.Norfolk National Bank

PATERSON. N. J.First National Bank

PHILADELPHIA, PA.Corn Exchange Nat. Bank Farmers' 8: Mech. Nat. Bank_ _ _First National Bank Fourth Street National Bank_ _ _ _ 1Franklin National Bank Girard National Bank Girard Trust Company Market Street National Bank.._ _Philadelphia National Bank Tradesmen's National Bank _ _ _ _Union National Bank

4

3

768

9577676

PORTLAND. ORE.United States National Bank_ _ __ 15

PROVIDENCE, R. I Merchants' National Bank 5

ST. JOSEPH, MO.Tootle-Lemon National Bank.. _ 14

ST. LOUIS. MO.Mechanics'

-American Nat. Bank_ 14National Bank of Commerce_ _ _ 14Third National Bank

14

SALT LAKE CITY. UTAH.5 McCornick & Co

13Walker Brothers 13

HOUSTON, TEXAS.Lumberman's National Bank___ 9

INDIANAPOLIS, /ND.Merchants' National Bank

12

JERSEY CITY, N. J.First National Bank

LOS ANGELES, CAL.First National Bank

16

SAN FRANCISCO, CAL.The First National Bank

13

SEATTLE, WASH.Dexter Horton National Bank__ 16National Bank of Commerce____ 16Seattle National Bank

16

TACOMA, WASH.Fidelity Trust Co

15

REVIEW OF NOVEMBER.Fundamental conditions remained unchanged dur-

ing November. The outcome of the Presidentialelection operated in no way to check the activity ingeneral trade. On the contrary, the volume of busi-ness grew steadily larger, and new orders were appar-ently placed with greater avidity than before. Nev-ertheless, with the election concluded, there came inthe public discussions a realizing sense of the possi-bilities which the results involved, inasmuch as theydenoted a complete change in the executive admin-istration of the National Government and also a com-plete change in the economic policy of the country.The election contained no surprise, except, perhaps,that the vote cast for Theodore Roosevelt as the headof the Progressive Party proved somewhat largerthan expected, and was to that extent discouraging.With the Republican Party split, Woodrow Wil-

son, as Democratic candidate, received an over-whelming majority of the electoral vote. PresidentTaft got the electors from only two States, with fourvotes each, namely, Utah and Vermont, while Roose-velt carried Minnesota, Michigan, Pennsylvania,South Dakota, Washington and California, having90 votes altogether in the Electoral College, thoughwith the election in California very close and a possi-bility that some of the Wilson electors might pullthrough. The remaining States, with 433 electoralvotes, went to Mr. Wilson. The latter, however,was in a decided minority on the popular vote, get-ting over 1,000,000 less than Roosevelt and Taftcombined, and falling 2,000,000 short of a majoritywhen the votes of the Socialists and other candidatesare counted. Roughly, Wilson got not quite 6,200,-000 votes, Roosevelt came second with about 4,000,-000 and Taft third with 3,300,000 votes.The Democratic Party, besides electing its Presi-

dential candidate in the person of Mr. Wilson, alsocarried the Lower House of Congress by an over-whelming majority, and succeeded in wresting fromthe Republicans so many of the State legislatureshaving new Senators to elect as to give the party con-trol of the United States Senate, too, after the 4th ofMarch. Hence, with the inauguration of Mr.Wilson, the Democrats will have possession of allbranches of the Government and be able to carryout the party program and the legislative policiesto which the party is committed. Public discussionin that respect converged mainly upon the possi-bilities as to the changes in tariff duties on imports,the Democrats being pledged particularly to a re-vision of the tariff in the direction of lower duties.As the country has been living under a protective

WILLIAM B. DANA COMPANY, Publishers,FRONT, PINE AND DEPEYSTER STS., NEW YORK

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20 MONTHLY REVIEW [VoL. Lxxxxv.

tariff system for half a century, with the exceptionof a short time during Mr. Cleveland's second term,it was natural that some solicitude should be feltas to the nature and extent of the reduction to bemade in existing duties. After more or less agi-tation in the newspapers of the question whether itwere best to wait before undertaking revision untilthe regular session of the new Congress in December1913 or convene Congress in extra session soon afterthe accession to office of President-elect Wilson,the latter, on the evening of November 15, announceddefinitely that he would call an extra session notlater than April 15 for the purpose of enacting anew tariff law.As already stated, however, all this was without

effect upon the growing industrial expansion.Nor did the developments in connection with thewar in Southeastern Europe have any influence,apparently, to arrest the onward movement. TheBalkan allies achieved further victories, the Greekstaking Salonica and the ranks of the Turks werefurther decimated by the ravages of cholera. Inthis state of things the Turks proposed to the Powersat the beginning of the month that they arrangeterms of peace. The Balkan States, however,insisted that negotiations must be conducted directlywith them. To this the Turks were forced to accedeand a direct appeal was made to General Savoff,commanding the Bulgarian army before the Chataljaline of fortifications defending Constantinople.A temporary cessation of hostilities was then agreedupon. On Tuesday, November 19, King Ferdinandof Bulgaria, in reply to a dispatch from the TurkishGrand Vizier, sent a note reading as follows: "The ,Bulgarian Government after agreeing with theallied cabinets of Servia, Montenegro and Greece,informs the Porte that plenipotentaries have beenappointed with instructions to arrange, with theCommander-in-Chief of the Turkish armies, the con-ditions of an armistice and subsequently to proceedto the conclusion of peace." The original peaceterms proposed by the Balkan Allies were deemedtoo harsh by the Turks and occasionally it seemedas if the negotiations might fail. But Bulgariashowed a conciliatory disposition, evidently recog-nizing that Turkey would be able to make a stubborndefence and offer prolonged resistance in front ofConstantinople, and doubtless feeling also that anyfurther advance in Turkish territory would involveextra risks in view of the prevalence of the choleraepidemic. Thereafter the negotiations really pro-gressed quite satisfactorily and early in Decemberthe protocol for an armistice was signed, the Greeks,however, holding off.But while there was little fear of the renewal of the

war, great anxiety was occasioned by the growingfriction in the relations between Servia and Austria.More than once during the month it seemed as ifthis friction might lead to the involvment of the greatEuropean Powers, Russia backing Servia and Germanyand Italy standing behind Austria. Austria refusedconsent to Servia gaining an outlet on the Adriaticand both Austria and Italy were apparently deter-mined that Albania must be granted autonomy orremain a Turkish province with a Christian Governor.All through the month the tension between Austriaand Servia intermittently increased and relaxed.Reports had it that all the Austrian reserves hadbeen summoned to their colors and it was alsorumored that Russia was mobilizing on an extensivescale.. But Servia persistently refused to respectthe wishes of Austria and on November 28 the Serviantroops, without resistance, occupied the Port ofDurazzo, . which had been the objective point ofthe Servian campaign. Austro-Hungary, on itspart, continued to make spectacular preparationsin the way of mobilization, and on the evening ofthe day mentioned (November 28) the Parliamentaryleaders at a meeting decided to permit the AustrianPremier's three bills dealing with matters connectedwith the military mobilization to go to committee

without the customary first reading. What servedto make the relations between Austria and Serviamore acute was an incident concerning the AustrianConsul when the Servian troops captured theAlbanian town of Prisrend. The Consul, namedProchaska, was in some way wounded and ceasedabruptly to communicate with Vienna after the fallof the town. It was charged that he had beenmaltreated by the Servians, and Austria demandedan investigation. Fortunately the safe arrival ofProchaska at Uskub, Albania, on November 26was reported.On the London Stock Exchange and the Continent-

al bourses general recoveries from the previousmonth's excitement and weakness were noted withthe prospect of the early termination of the war,though apprehensions regarding possible troubleon account of the disturbed relations between Serviaand Austria at times checked the recovery; but suchreactions were only temporary. Considerable re-purchases were made of American securities soldthe previous month on European account. Britishconsols November 30 were reported at 75 7-16,against 73 11-16 October 31. The Bank of Germanyon November 14 advanced its minimum discountrate from 5 to 6% and on November 15 the Bankof Austro-Hungary made a similar advance and theBank of Denmark moved up from 5 to 532%.Advances in rates were likewise made by the EastIndian banks.An important event of the month was the award

announced on November 25 of the arbitrationboard which had been appointed to pass upon thedemands of the locomotive engineers on the roadseast of Chicago and north of the Ohio River, forincreased wages. The award partook of the charac-teristics of arbitration decisions in general, in beinga compromise. The arbitrators announced thatthey had been unable to arrive at a conclusion regard-ing the ability of the roads to pay increased compen-sation, but that they had reached the conclusionthat there should be recognition of the principlesof a minimum standard of wages to apply to allroads irrespective of earning power or financialability. As a result of this standardization of wages,the pay is to be alike on all roads for the same classof service, the standard on the smaller roads beingraised to that of the larger roads, and it is estim-ated that this would involve a yearly addition ofonly $2,000,000 to $3,000,000 per year instead ofthe $7,172,546 per year that would have been addedto the expenses of the carriers had the demands ofthe engineers been granted in full. The weakerroads, however, are called upon to bear almost thewhole of the burden. The award is made to dateback to May 1 1912.The New York money market tightened during

November. After the bound in call-loan ratesOctober 31 to 8%, the rate November 1 went stillhigher, touching 9%. The interior demand forfunds was active and there was severe calling ofloans in view of the 1st of November disbursements.After this the tension was somewhat relaxed, butthe latter part of the month as high as 12% waspaid for call money on two days and on November 29some call money was put out at 20%.

RATES FOR MONEY IN NEW YORK, WEEKLY.Week Ending

Call Loans-- Nov. 1. Nov. 8. Nov. 15. Nov. 22. Nov. 29.Stock ExchangeRange for week_4 M-9 3-7 4U-6Si 4-6 3-20Average for week 63i 51 53 5j 834

Time LoansSixty days 6 531-6 6 6 6Ninety days 6 531-6 531-6 531

6

Four months 5Si-6 531-6 534-531 5g 53(-6Five months 534-6 534-531 534 531-534 55

1-6

Six months 534-6 534 534 531534

Commercial PaperDouble namesChoice 60 to 90 days 6 531-6 534 5g

6

Single namesPrime 4 to 6 months 6Good 4 to 6 months 634

531-6634

534-6oi

531-60346634

The foreign exchange market showed a downwarddip in rates the greater part of November and thelatter half of the month there was a resumption ofgold imports, about $2,250,000 being engaged inthe open market in London. The weakness wasdue to a pressure of grain and cotton bills and in

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DEO., 1912. MONTHLY REVIEW 21

fact merchandise bills of all descriptions. Thegrowing tension in our local money market was alsoan important factor in the decline.

ACTUAL RATESBANKERS' AND COMMERCIAL BILLS.

Bankers' Bills Commercial BillsCable On Documents

Nov. 60-Day. Sight. Transfers. Banks. for Payment.1 ____4 81 -48110 48540-8555 48610.8625 478%-81 4 804-4 81%2 ---_4 8120-4 8130 4 8565-8575 4 8636-8645 4 784-80% 4 80%-4 81%3 ---- SUNDAY4 -__-4 8110-4 8120 4 8670-8680 4 8635-8645 4 784-80% 4 804-4 625---- HOLIDAY

_6 ___4 8110-4 8120 4 8560-8580 4 8615-8630 4 79 -81 4 81-4 81%7 __4 8105-4 8115 4 8545-8555 486 -8605 479 -81 4 80 -4 81%8 ____4 8095-4 8105 4 8540-8550 4 8590-86 4 78%-80N 4 80 -4 81749 __4 8090-4 81 4 8540-8550 4 8590-86 4 78%-80% 4 80%-4 81%10 _--- SUNDAY11 ..--_4 8090-4 81 4 8540-8550 4 8590-86 4 79 -80% 4 8031-4 81%12 ----4 8080-4 8090 4 8525-8535 4 8580-8590 4 784-803 4 80%-4 8113 --....4 8065-4 8075 4 8505-8515 4 8560-8570 4 7834-80 4 80 -4 8114 --4 8065-4 8075 4 85 -8510 4 8555-8565 4 78%-80 4 80 -4 81415 _ _ _ _4 8065-4 8075 4 8495-8510 4 8545-8560 4 7834-80%4 80 -4 81%16 -___4 8065-4 8075 4 85 -8510 4 8555-8565 4 7834-80% 4 80 -4 8117 ____ SUNDAY18 ___ A 8070-4 8080 4 8505-8510 4 8560-8570 4 784-80 4 80 -4 8119 ____4 8055-4 8065 4 8485-85 4 8530-8545 4 784-80 4 79%-4 80%20 ___ A 8045-4 8055 4 8470-8485 4 8520-8535 4 7834-80% 4 794-4 8121 ____4 8055-4 8065 4 8480-8490 4 8530-8540 4 7854-80% 4 80 -4 8122 8065-4 8075 4 8490-85 4 8540-8550 4 784-8054 4 80344 8123 ___A 8075-4 8085 4 8505-8515 4 8550-8560 4 7834-80% 4 80 -4 8124 ____ SUNDAY25 ____4 8060-4 8070 4 8485-8495 4 8530-854026 ____4 8050-4 8060 4 8455-8475 4 8510-852527 8050-4 8060 4 8455-8465 4 8515-852528 ___- HOLIDAY29 ____4 8045-4 8055 4 8455-8465 4 8515-852530 ----4 8045-4 8055 4 8460-8470 4 8515-8525

47834-8034480 -481%

4 78%-803 4 794-4 80%4 7834-8044 79-4 80%

4 7834-803% 4 7934-4 80%4783/-80% 4 79%-4 80%

Notwithstanding the further expansion in tradeand some remarkably encouraging returns of railroadearnings for the month of October, the course ofthe stock market during November was weak and apretty general decline of prices ensued. Before theelection, November 5, the market was inert, buton the day after that event, namely November 6,there was as the first effect quite a rise in prices,with St. Paul common the feature in the upwardmovement. American Beet Sugar, however, waseven on that day decidedly weak and suffered a big

break, owing to -fears of adverse tariff legislationas the result of Democratic control of all branchesof the Government. After November 6 a generalweakening tendency developed. While the country'sindustries appeared indifferent to the prospects ofadverse tariff legislation, the stock market seemed tothink that tariff legislation might prove unsettlingand there were also fears that with the Democratsin undisputed control such legislation might be moreradical than was desirable. In the last week of themonth, the award of the arbitration board in thecase of the demands of the Locomotive Engineerswas not entirely viewed with favor, especially as thecarriers were confronted with demands for increasesin wages by other classes of employees. Nor wasthe growing tightness of the money market astimulus to rising prices. While most of the in-dustrial stocks evinced a downward tendency, U. S.Rubber shares were an exception, on reports oflarge earnings by the company.

VOLUME OF BUSINESS ON THE STOCK EXCHANGE.

Month of Nov. 1912. 1911. 1910. 1909.Stock salesNo. of shares__ 8,725,317 14,919,486 10,713,469 18,769,870Par value $786,689,400 $1,352,048,150 $963,828,475 $1,697,136,975

Bond sales (par value RRArnise.bds. $36,790,500 $82,912,700 $39,910,500 $84,710,500Govt. bonds 24,200 79,000 6,000 68,000State bonds 1,299,500 4,506,000 2,072,500 3,417,000

Total bd. sales $38,114,200 $87,497,700 $41,989,000 388,195,500Stock Sales

Jan. 1 to Nov. 30No. of shares _ 118,496,639 118,151,375 154,327,821 197,072,179Par value $10,691,999,725 $10,661,658,650 $13,865,422,975 $18,040,979,750

Bond sales (par value)R.R.dtmlsc.bds. $605,333,000 $706,992,700Gov't bonds__ 1,125,000 3,301,500State 24,536,500 89,302,400bonds..__

Tot. bd. sales.. $630,994,500 $799,596,600

$542,450,200 $1,169,121,600351,700 610,200

39,733,950 35,134,200

$582,535,850 $1,204,866,000

CONDITION OF THE TRUST COMPANIES OF NEW YORK STATE.

We present below comparative statements showing the condition of the trust companies of New YorkState at the date of the last call and of various previous calls since August 1907. We give separately thetotals for the Greater New York and those for the whole State. We also add tables to indicate the changesin deposits for all the separate companies in the different boroughs of this city.

TRUST COMPANIES FOR WHOLE STATE OF NEW YORK.LIABILITIES.

Capital Surplus and profits, market value_Surplus and profits, book value Unpaid diva. reserved for taxes,int.&cPref. depositsDue State say. banks..Due State say. de loan associations_Trust deposits not payable within30 days

Due as exec'r, admin'r, guard., re-ceiver, trustee, committee, &c

Deposits pref'd because secured byunmatured bonds of the State_

' Other deposits pref. because ofpledge of part of trust co. assets_

Deposits otherwise preferred Deposits subject to check (not pref.) _Cas.of dep.,time & demand (not pref.)Time deposits not payable within 30

days, reprosented by otfs. (not pref)Due trust companies Due banks and bankers

Total of all deposits

Bills payable or borrowed money_Pref. liability as executor, &o Other liabilities Add for cents

Grand total

Aug. 22 1907. Dec. 31 1907, Jan. 1 1909. Jan. 1 1910. Jan. 3 1911. June? 1911 Dec. 21 1911.Sept. 9 1912.

$ $ $ $ $ $ $ $68,661,600 60,276,560 68,450,000 71,400,000 73,431,000 71,731,000 71,481,000 72,725,000

151,339,110 169,647,107 178.979,744 184,025.130 190,697,189 188,676.616 184,541,981176,944,735

3,164,978 2,921,740 1,657,514 1,616,88537,467,239 28,340,454 39,116,569 40,759,951 43,827,892 47,945,482 43,632,147 43,513,799

414,423 306,316 776,421 600,479 758,969 589,601 530,800 667,707

31,180,942 38,059,940 25,598,439 35,286,088 33,376,931 34,468,418

41,773,538 43,641,702 23,190,699 30,913,481 36,844,508 41,475,957 43,750,219 48,393,918

4,728,253 5,122,449 6,963,259 7,174,500 9,666,599 13,963,650

1,276,500 2,879,716 4,236,781 5,187,066 2,422,372 5,947,072 7,331,136 5,315,0481,098,788 2,770,685 2,569,357 7,356,349 2,832,612 801,012 1,195,183 1,395,419

812,011,853 555,397,056 868,754,742 899,090,713107,934,388 55,272,810 53,311,327 84,478,182 1,014,744,488 1,129,109,722 1,109,667,546 1,196,762,267

_ 40,470,643 106,493,12343:610;680 23,002j16 1 103,907,041 84,038,005 84,389,877 137,839,071 93,119,468 109,304,32742,077,022 20,667,605 I

1,087,664,431 732,278,460 1,182,242,775 1,302,099,738 1,218,382,416 1,406,168,505 1,342,270,020 1,453,784,553..I

1,867,663 1,100,140 1.382,360 89,000 70,916 1240,0002,987,034 904,843

27,708,303 61,948,915 55,367,899 50,624,063 35,067.726 39,990,288 52,179,544 69,290,94140 42 45 42 42 39 42 Fitgoo 40

1.363.966.143 1.012.747.930 1.477.575.489 1.804.203.727 1.515.453.850 1.711.598.061 1.656.335.661 1.782.199.400

RESOURCES.

Bonds and mortgages Mortgages owned Loans secured by bond and mortgage,deed or other real estate collateral_

Stock and bond investments Public securities Other securities

Loaned on collaterals Loans not secured by collateral Other loans, including bills purchasedBills purchased, not see, by oth. coil_Overdrafts Real estate Due from approved reserve deposi-

tories. less offsets Due from trust co's, banks & bankers,not Included in preceding item

Specie U S. legal tenders and bank notes Bills and checks for next day's ex-changes, and other cash items

Investments as executor, &o Other assets Add for cents

Grand total

Aug. 22 1907. Dec. 31 1907. Jan. 11909. Jan. 1 1910. Jan. 2 1911.

87,962,350 80,759,054 78,199,314 83,660.067 87,341,640

326,497,21050,966,201 66,644,416 69,268,783 67,309,082

208,860,012 292,497,347 296,958.325 303,382,679627,514,698 405,844,757 584,006,564 696,601,870 547.767,677

15.032.322 9.342.981 8.160.799 11.671.358108,122,742

54,051,230 87,294,263 102.402,940 125,914,855204,270 137,844 155,529 108,040 159,415

17,706,522 16.066,494 22,080,844 25,518,600 29,361,282

95,144,026 89.175,391 160,935,501 99,766,067 100,382.483

27,117,410 15,120,176 42,227,028 48,863.157 54,503,83252,413,706 39,324,130 90,125,202 124,161,053 115,989.3356,893,690 8,506,218 13,668,318 18,167.454 16,990,981

909,983 2,013.398 1,791,260 3.052 ,804 2,951.0072,987,034 904,84310,492,462 25,985,818 28,606,877 27,513,726 51,728,182

40 42 45 42 42

1.363.966.143 1,012.747.930 1,477,575.489 1,604,203.727 1,515,453,650

June 7 1911

89,058,963

87,009,406339,834,895598,744,02715.741.976

151,119,236168,267

30,640,128

154,059.345

65,482.668120.182,28717.884.385

1.189.207

40,483,23239

Dec. 21 1911.

93,997,526

84,649,720349,426,882558,917,17015.286.071

145,525,075197,176

34.319,128

116,092,212

52,217,385121,785,64717,036,783

19.854,114

47,030,73042

1,711,598,061

Sept. 9 1912.

95,298,449

12,574,293f89,783,927346,981,947634,824,431

179,603,993106,031

39,525,235

167,259,29

129,649,65217,642,908

15,220,830

53,728,372V0.1 40

1,656,335.661 1.782,199,400Note.Solieduleehave been changed several times since the date first named in the above comparison. We show for each date the exact designa-

tion employed, leaving blank spaces against the old items which no longer appear in the schedules.

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

22 TRUST COMPANY RETURNS. [VoL. Lxxxxv.TRUST COMPANIES IN THE GREATER NEW YORK.

LIABILITIES.

Capital Surplus and profits, market value Surplus and profits, book value Unpaid divs., reserve for taxes int., &Pref. Deposits-Due State say. bankDue State say, and loan associationTrust deposits nOt payable within30 days

Due as exec., admin., guardian, rceiver, trustee, committee, eco

Deposits preferred because securedby unmatured bonds of the State

Other deposits preferred because ofpledge of part of trust co. assets..

Deposits otherwise preferred Due depositors (not pref.) Certs. of dep. on time & dem. (not pf.)Time deposits not payable within 30days, represented by ctfs. (not pref.)

Due trust companies Due banks and bankers

Total of all deposits

Bills payable or borrowed moneyPreferred liability as ;executor, &c Other liabilities

Grand total

RESOURCES.Bonds and mortgages Mortgages owned Loans secured by bond and mortgage,

deed or other real estate collateral_Stock and bond investments

Public securities Other securities

Loaned on collaterals Loans, not secured by collateral Other loans and bills purchased Bills purchased, not sec. by collateralOverdrafts Real estate Due from appr. res. depos., less offsetsDue from trust cos., banks and bank-

ers, not included in preceding itemsSpecie U. S. legal-tenders and bank notes Bills and checks for the next day'sexchange and other cash items

Investments held as executor, &c Other assets

Grand total_

Aug. 22 1907. Dec. 31 1907.Jan. 1 1909.Jan. 1 1910.Jan. 2 1911.June 7 1911. Dec. 21 1911.

_

Sept. 9 1912.$ $ $ $ $ $ $ $60,636,600 58,251,560 60,425,000 63,675,000 64,156,000 62,456,000 62,206,000 63,025,000

1e'7,-912; i I i 144,600,599 160,168,172 168,597,714 173,357,077 179,209,465 177,253,055 172,387,070_ -- 2,897,534 2,770,476 1,584,210 1,546,89335,126,258 26,074,330 36,446,535 37,683,778 40,624,293 44,651,981 40,096,524 39,887,160296,135 200,155 662,097 468,567 623,640 412,303 352,767 485,470

20,146,656 36,871,355 24,336,543 33,996,044 32,111,087 33,178,64938,079,532 40,296,845 21,392,534 29,009,253 34,580,803 39,656,949 42,109,846 46,061,134

4,078,253 3,880,449 5,435,259 5,704,000 7,833,795 11,691,204886,500 2,609,430 4,032,481 4,934,470 1,805,166 5,266,923 6,084,579 4,096,754996,616 2,388,755 2,472,794 7,345,074 2,811,605 752,115 909,727 1,015,130688,604,953 444,817,683 748,020,445 774,061,989 1

100,352,199 48,054,808 66,761,475 78,596,293 t 874,289,233 980,546,639 955,583,186 1,032,142,11140,284,595 105,681,485 j

41,527,250 22,234,360 1 101,367,610 80,786,598 80,873,915 134,230,394 90,137,194 105,997,35640,738,930 18,976,184 j946,608,382 605,652,530 1,045,665,475 1,159,319,311 1,065,380,457 1,245,217,348 1,175,218,705 1,274,554,968

1,454,975 980,140 1,372,360 89,000 57,9162,578,790 751,26527,241,967 59,789,589 54,542,068 49,800,511 34,609,985 38,429,506 50,789,246 67,797,248

1,205,048,180 809.045,543 1,322,255,690 1,442,372,676 1,341,773,413 1,528,171,795 1,467,109,132 1,579,311,179

75,682,997 68,532,010 65,379,871 68,871,110 70,434,543 70,525,600 74,280,64773,674,541

9,239,576269,699,998

43,471,463 57,919,433 60,048,703 57,395,095 77,082,520 74,340,153 79,212,328166,358,136 243,085,376 245,695,838 252,467,751 282,632,840 289,489,267 281,691,190582,826,452 365,723,291 546,816,033 660,489,153 509,483,082 562,145,142 520,124,260 596,778,6909,772,982 5,765,637 5,203,728 7,940,524 11,876,036 11,314,00386,770,86141,991,223 71,885,130 82,131,718 102,533,889 126,872,608 119,457,843 147,061,078165,652 121,954 141,410 95,738 151,067 145,577 184,618 79,87514,950,841 13,296,286 19,270,541 22,633,282 28,339,232 27,497,495 31,041,386 36,065,27783,582,056 78,992,219 146,953,404 89,495,686 87,303,726 137,950,319 102,107,260

149,986,66723,698,302 12,523,082 39,295,396 44,720,953 50,483,718 62,389,306 49,740,73149,179,020 35,844,818 87,261,025 121,362,596 113,069,471 117,058,426 118,460,580 126,535,9405,095,751 5,327,384 10,241,562 13,666,256 12,103,225 12,446,512 11,917,388 12,081,542604,977 1,027,537 824,280 1,455,318 1,491,362 527,125 19,173,682 14,597,8172,578,790 751,265

10,212,483 25,311,893 27.416,592 26.502,058 50,576,782 39,022,282 45,477,234 52,306,6581.205.048.180 869.045.543 1.322.255.690 1.442.372.676 1.341.773.413 1.528.171,795 1.467,109.132 1,570,311,179

Note.-Schedules have beenchanged several times since the date first named In the above comparison. We show for each date the exact ,designa-tion employed, leaving blank spaces against the old items which no longer appear In the schedu as.AGGREGATE DEPOSITS OF THE SEPARATE COMPANIES.

r BOROUGH OF

MANHATTAN-

Aug. 22 1907. Dec. 31 1907.Jan. 1 1909.Sept. 14 1909.Jan. 1 1910.Jan. 2 1911. June 7 1911. Dec. 21 1911 Sept. 9 1912.

Astor 8,965,745 8,103,748 12,245,219 14,524,970 13,895,039 14,774,859 20,500,712 18,663,182 23,238,805Bankers' 23,861,606 20,240,194 39,021,765 44,680,107 46,602,542 62,013,877 94,062,531Mercantile 35,119,131 23,277,232 49,434,429 64,529,766 56,109,550 48,382,224 66,405,054 }f137,493,148 1)108,564,290Manhattan 10,975,957 9,327,741 20,240,520 18,633,713 26,904,439 19,051,288 18,334,155 21,093,164 1Broadway b 3,932,749 2,340,822 3,309,969 3,751,573 4,281,437 4,607,336 4,673,603 5,156,630 1Flatbush b 3,104,410 2,541,372 3,447,861 4,254,194 4,017,215 3,875,130 4,500,574 4,157,049 10,508,334Savoy b 1,569,287 909,024 1,023,152 1,280,170 1,836,544 1,762,388 1,109,004 971,819Carnegie e 7,923,242 6,528,511 11,636,804 13,752,036 12,665,754 8,355,040Central 42,137,580 33,961,798 85,749,341 86,708,959 91,394,728 67,843,148 83,272,417 87,618,742 97,521,704Columbia-KnIckerb'r_d 6,774,339 4,700,103 11,029,855 13,310,565 12,145,661 13,800,562 16,567,427 16,640,920 57,257,163Knickerbocker d 62,114,992 34,614,439 34,883,901 35,267,275 32,467,648 38,151,256 37,385,064Commercial 3,876,981 2,948,586 4,626,215 4,843,549 5,308,155 4,473,784 4,584,217 4,344,738 4,021,298Commonw'Ith (defunct) 516 478 478 476 476 564 484 484 508Empire 8,898,940 6,304,846 13,058,062 19,766,881 16,857,406 20,040,241 19,170,562 18,183,047 20,114,012Equitable a 17,381,123 9,715,776 22,490,318 1 a47,440,668 a49,930,289 a35,044,790 1Bowling Green a 16,233,629 11,209,038 14,637,467 f a44,046,429 a40,348,695 1 a83,669,075Madison a 8,101,350 5,623,758 7,541,352 8,599,384 7,453,215 a6,540,091Trust Co. of Amer. a 64,124,995 20,705,636 26,893,245 27,252,981 29,074,839 26,881,367 28,915,166 25,563,427Farmers' Loan & Trust 81,702,513 58,497,300 122,389,387 143,699,387 115,793,639 116,368,590 132,923,092 132,631,254 126,656,468Fidelity 3,028,403 3,016,254 5,177,550 5,672,107 6,602,632 7,008,343 7,196,214 6,910,834 8,136,520

Fulton 7,423,429 6,047,183 7,613,282 8,745,838 7,871,433 7,723,527 8,431,695 8,102,910 8,751,002Guaranty c 41,996,504 28,161,527 69,031,398 89,084,701 77,832,184 1

Fifth Avenue c 17,532,798 10,413,911 14,882,682 16,808,558 17,636,478 1c124,815,857 c144,696,620 c156,022,851 c176,014,903Morton c 40,510,828 22,166,365 36,365,370 41,780,307 33,863,400

Guardian 4,185,255 3,315,280 4,126,034 3,921,270 4,677,865 3,638,994 3,053,213 2,683,174 2,809,638Hudson 2,066,175 1,172,075 2,243,241 3,595,065 3,447,494 3,416,134 3,609,616 3,354,493 3,633,524Lawyers' Title Ins. & T 8,524,049 5,511,071 11,936,708 15,442,156 12,495,502 13,452,914 17,187,235 16,184,748 17,272,223Lincoln 22,400,958 6,483,066 9,233,676 10,942,091 12,492,637 11,141,401 11,220,771 11,367,721 12,886,370Metropolitan 23,747,751 15,764,837 21,147,691 27,101,096 26,817,064 24,971,982 28,664,333 22,511,690 23,465,574Mutual Alliance 5,763,501 3,651,793 7,371,744 9,540,340 12,716,417 8,493,763 8,149,998 8,502,472 9,388,840New York Life Ins.& T. 33,782,456 24,680,912 35,476,878 40,776,675 37,795,781 35,550,811 39,057,251 34,128,848 34,646,986New York Standard Title Guar. & Trust Transatiantic_g Union Trust United States Mtge. &T.United States Washington Windsor

33,517,36012,884,25828,495,980

48,231,64430,982,56259,394,1599,798,34011,162,536

27,862,8357,691,641

21,574,526

44,169,76420,096,25847,302,9537,415,0097,773,031

42,593,53815,534,45722,051,858

55,324,80827,313,83671,353,61110,068,7248,589,889

73,549,49918,242,24827,683,102

66,045,03342,829,11976,001,58610,225,4997,512,059

51,486,44016,715,73226,355,280

61,485,01041,002,03569,111,17610,162,5588,866,152

41,313,02816,583,83924,224,805

53,527,94743,415,25258,735,10610,306,0036,844,238

47,258,50719,826,23729,664,778

58,142,45856,365,00370,349,0339,910,3284,496,537

38,044,55017,561,04628,900,222

52,993,22546,370,51463,097,3859,415,0346,474,766

37,187,62517,338,49827,273,1042,298,956

64,921,66358,089,61559,8:15,5179,900,2887,418,449

Total 5 849,123,619 538,664.879 957,378,793 1,143,172,444 1,064,954,258 977,572,641 1 140,501,036 1,078,720,812 1,172,911,102S Prior to Mch. 21 1912 these totals do not include deposits of Flatbush Trust Co. of Brooklyn, which was consolidated with Broadway Trust Co.

o f N. Y. City Mch. 6 1912. Not reporting on account of suspension, and not included In total. a The Bowling Green was consolidated with Equita-ble Trust Co. Mch. 31 1909. On Jan. 9 1911 the Madison Trust Co. was taken over by the Equitable Trust Co. Trust Co. of America was consolidatedwith the Equitable Trust Feb. 26 1912. b Title of Savoy Trust Co. changed from Italian-American Trust Co. Nov. 1909 and on Jan. 22 1912 SavoyTrust Co. was consolidated with Broadway Trust Co., which also absorbed the Flatbush Trust Co. of Brooklyn Mch. 6 1912. c Fifth Avenue andMorton were consolidated with Guaranty Trust Co. Jan. 27 1910. e Banking Department closed the Carnegie Trust and assumed charge Jan. 7 1911.d Columbia and Knickerbocker consolidated on June 5 1912. f Mercantile Trust Co. was consolidated with the Bankers Trust Co. Aug. 10 1911. Man-hattan Trust Co. was also merged with the Bankers Trust Co. March 25 1912. g Transatlantic Trust Co. began business May 22 1912.

BOROUGH OFBROOKLYN-Aug. 22 1907. Dec. 31 1907.Jan. 1 1909.Sept. 14 1909.Jan. 1 1910.Jan. 2 1911.June 7 1911. Dec. 211911,

19,662,0411,805,319

11,261,0786,670,51/2,502,684

16,142,302

8,195,0265,586,813

18,846,340a

Sept. 9 1912.

10,597,424d6,475,60911,846,4077,078,7992,828,367

16,103,073

8,909,8515,072,277

20,841,141a

Brooklyn Citizens' Franklin Hamilton Home Kings County Lafayette x Long Island Loan & Tr.Nassau People's WIlliamsburgh a

Total

BORO. OFQUEENS-Queens County

15,363,6351,592,398

10,929,9606,734,7312,636,974

12,346,3224,344,881 7,055,3688,290,22814,946,7028,206,663

11,628,3111,035,7927,579,0365,490,9521,638,373

10,120,685

8,489,3555,329,614

13,851,482

17,034,7981,207,065

10,191,4486,454,8601,739,273

13,846,430

8,181,2366,088,50617,064,5921,666,424

18,940,6631,792,961

12,617,7997,737,5412,152,532

15,084,194

9,948,3246,279,49519,413,1702,223,433

16,545,8971,538,642

11,832,2358,732,8352,107,011

15,065,023

9,008,8836,374,010

17,820,6881,750,798

18,071,2711,439,877

12,103,7627,321,3082,452,328

15,256,377

8,841,6105,660,371

19,229,883a169,857

20,213,5471,629,314

14,296,0197,381,2012,829,851

15,936,435

8,721,2566,182,093

21,118,539a

495,552,272

1,934,491

465,504,952

1,482,818

486,922,493

1,384,318

1100,444,306

1.900,867

192,793,237

1,571,945

594,421,774

1.742,066

1102,808,829

1,903,664

394,829,165

1,668,825

99,052,948

1,990,996Prior to March 21 1912 totals Include deposits of Flatbush Trust Co. of Brooklyn, which was absorbed by the Broadway Trust of New York CityMarch 6 1912, and now appears above under the Borough of Manhattan. Not reporting on account of suspension. x Formerly Jenkins Trust Co.

a Williamsburgh Trust Co. voted to dissolve its business In January 1911. d Absorbed the Broadway Bank of Brooklyn In July 1912. _ 11011.111111.11111111111111=235 --"--775"010111i

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

23

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 andShe year 1912. 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. All quotations in the column headed "Price about January 2 1912" were made on that date, except those in italics,which are the nearest in January 1912. The black-faced letters in the column headed "Interest Period" indicate in each casethe month when the bonds mature.

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

IgPFor foot-notes to tables see last page of bonds and last page of stocks.BONDS-PRICES AND SALES FOR NOVEMBER AND THE YEAR TO DATE.

BONDS.N Y STOCK EXCHANGE

Int.Per-od.

Sales inNov.

Par Val.

Price AboutJan. 21912.

PRICES IN NOVEMBER. RANGE SINCE JAN 1.

Nov. 1. Nov. 30.

U s Gov & City SecuritiesU S 2s, cons, reg. __April 1930 Q - JU 8 2s, cons, coup __April 1930 Q - JU 8 35, reg, 10-20s___Aug 1918 Q - FU 8 35, coup, 10-20s__Aug 1918 Q - FU 5 4s, registered 1925 Q - FU El 4s, coupon 1925Q - FPan Can 10-30-yr 2s_Aug 1936 Q - FPanama Canal 3s 1961 Q -11New York City-4 Ni%s 1960 -4 Ms when issued 1962 47 Corporate stock_ __1959 M - N4 Corporate stock __1958 M - N4% Corporate stock.. __1957 M - NNew 4%s 1957 M - NNew 4%s 1917 M - N4% Corporate stock 1957 M - N43 assessm't bonds 1917 M - N% 03 Corporate stock 1954 M - N

New York State-4s 1961 M - SCanal Improvement 4s 1961 J - JCanal Improvement 4s_ A962 J - JCanal Improvement 4s_ A960 J - JForeign Gov't Securities

Argentine-Internal 5s of 1909 M - SImperial Chinese Govt-Hukuang Ity sterling 5s_1951 J - D

Imperial Japanese Gov't-Sterling loan 4%s 1925 F - A2d series 43s 1925 J - JSterling loan 4s 1931 J - J

Rep of Cuba 5s, ext debt _ _1904 M - S4%s external loan 1949 F - A

Sao Paulo 58 trust bonds_ A919 J - JTokyo, City loan of 1912 5s_ _ _ M - SU S of Mexico External gold

loan of 1899, sink fund 5s_ _ Q - J4e gold debt of 1904__ _ A954 J - D

303,000

11,0001,0008,000

1,000,

196,0001152,000154,00097,000

68,00025,00019,00010,0009,0001,000

25,000

41,00043,00013,00031,000

Bid. Ask.100 100%100 100%101% 102%101% 102%11334 114113% 114100 101% Sale102% Sale

Bid. Ask.101% 101%101 % 101%102% 103102% 103113% 114%11354 114%101 101%101% 102%100% Sale

99% Sale99% Sale99% Sale107% 107%102% 107% Sale102% 102%87% 87%101% 101%101% Sale

101%

98% Sale98 98%98% Sale105 105%101% 101%105% Sale101% Sale85 853 10134100% 10110(ni

Bid. Ask.100% 10134100% 101%102% 103102% 103113% 114%113% 114%100% 10134101% 102%100 100%

96% Sale96 Sale96% Sale104 104% 101%104% Sale

101% 84%

100% 101%100%

a96% 97%

a 95%

a92% Salea91% Salea86% 88%al02%Salea97% a97% Sale

3,00010,000

a96% 96% 92

Railroad BondsAAlabama Cent. See South Ryrulabama Mid. See Atl Coast LAlbany & Susq. See Del & HudAllegheny Valley. See Pa RRAllegh & West. See Buff It & PAm Dock & Imp. See CentofNJAnn Arbor 1st g 4s__July 1995 Q - J 3,000 7934 793%Atch Top & S F

-Gen g 4s_1995 A - 0 539,000 9934 SaleReistered 1995 A - 0 9734 9834Adjustment g 4sJuly 1995 Nov 54,000 91% Sale

Registered July 1995 Nov 2,000 91Stamped July 1995 M - N 127,000 9134 9134

50-year cony, gold 48_ __1955 I - D 191,000 10734 Sale

Cony 48 issue of 1909___1955 J - D

a95% 97

a 91

a91 913/a90% 901a81 8334

__ 102

a 99a97% 07%90% 92

a95% 96 94

77 78%97% Sale06% 98 8986 8888 Sale106% 107%

Cony 4s issue of 1910___1960 J - D 1,926,000 10034 Sale10-year cony, gold 5s_ __1917 J - D 345,000 108 10934East Okla Div, 1st, g, 4s 1928 M - S 953 96Short Line, 1st 4s, gold _1958 J - J 40,000 9294 9334Cal-Ariz 1st & ref 4%s_ -1962 M - S 10,000 S Fe Pres & Phe, 1st g 5s 1942 M - S 110Chic & St Louis, 1st 68 __1915 M - 8 105

Atlan Knoxv & No. See L & NAtl Coast L, 1st g 4s __July 1952 M - S 108,000 953% SaleAla Mid, 1st, gu, g, 5s_ _ _1928 M - N 10734 Bruns & W, 1st gu, g, 48_1938 J - J 9534 Charls & Say, 1st, g, 78_19361J - J 128 L & N collat g, 4s__ _Oct 1952 M - N 197,000 194% 95Say Fl & W, 1st, g, 68_1934 A - 0 125 126

1st g, 5s 1934 A - 0

08

SU Sp 0 & G, gu, g 4s__ _1918 J - J 9634 983.1Atlan & Danv. See South'n RyAtlan & Yadk. See South'n RyAustin & N W. See So Pacificnail & 0-Pr lien, g, 3%s 1925 J - J 37,000 917% 92345-0 Registered91 Q - J 8,000

Gold, 4s July 1948 A - 0 396,000 977% SaleRegistered

Q - J 1,000 963% Pitts June, 1st g, 6s____1922 J - J 112Pitts Jct & M D 1st g 334s '25 M - N 1,000 8834 PLE&WVa Sys, ref, g,4s1941 M- N 95,000 9134 92SW Div, 1st g, 334s1925 J - J 135,000 9134 SaleC 0 Reorg,lst, con, g, 4%8'30 M - S 1,000 10034 Clev Lor &W, con,lst g 58 '33 A - 0 109 11034Mon It, 1st gu g, 5s ....1919 F - A 10234 10434Ohio ltiv 1111, 1st g, 55 A936 J - D 2,000 10834 Gen, g, 5s 1937 A - 0 108 110%

Pitts Cloy & ToLlst g,6s 1922 A - 0 11334 rPittsb & West, 1st g, 4s1_917 J - J 9734 Pr Stet IslIty,lst,gu,g,4%s 1943 J - D 85 90Beech Creek. See N Y C & HudBellev & Carond. See Ill CentBruns & West. See Atl Coast LBuffalo N Y & Erie. See ErieBuff R & P n, g, 5s __ 1937 M - S 1,000 11034 Consol 434s 1957 M - N 12,000 1043% 106%Allegh & est,lst g, gu 4s '98 A - 0 9534 CI dc Mah 1st gu g. 5s ._ _1943 J - J 108

a96% 98

a_ _ 91

a90% Salea89% 90a83 84%al01%102%a_ ___ 08a97 97% 93%

a____ 96

90

77 77%06% Sale 9887% 8886 87% Sale10734 Sale

1047% Sale 10434 Sale1073% Sale 10734 Sale94% 95 9691 913-1 91 91349994 1003% 100 10034107 107% 105 105

94% Sale107 10893% 128 92% Sale122 123106 112%97 100

91% Sale

90%97 Sale9634 10934 87 88% 8989% 89%99 105 109%101% 107 103 105109 96% 91

95% 95%106% 93% 94%128 91 91%121 121%106% 112%97 100

90% 91%89 97 Sale95 109% 87 88 8989% Sale101106 108101% 107 101 106%112% 96% 91

Lowest.

Sale Prices.

Highest. Lowest. Highest.

Sale Prices.

10234 Nov. 25 10234 Nov. 2011434 Nov. 21 11434 Nov. 2111334 Nov. 27 11434 Nov. 14

102 Nov. 20100 Nov. 22

9634 Nov. 3096 Nov. 309634 Nov. 3010434 Nov. 25

104 Nov. 251013% Nov. 128434 Nov. 19101 Nov. 2010134 Nov. 61013-1 Nov. 12

95% Nov. 7

903% Nov. 2089 Nov. 27823% Nov. 111013% Nov. 22

102 Nov. 201003-1 Nov. 6

98% Nov. 898% Nov. 798% Nov. 7105% Nov. 4

1053% Nov. 410134 Nov. 785% Nov. 1110134 Nov. 9101% Nov. 81013-1 Nov. 12

97 Nov. 19

92 Nov. 990% Nov. 7833% Nov. 251023% Nov. 14

953% Nov. 2789% Nov. 6

953% Nov. 2790 Nov. 29

77 Nov. 19 77 Nov. 20963% Nov. 30 9734 Nov. 4

873% Nov. 27 8834 Nov. 786 Nov. 15 86 Nov. 1587% Nov. 1 883% Nov. 710634 Nov. 25 1093-1 Nov. 7

104 Nov. 26 1063-1 Nov. 7106% Nov. 26 109% Nov. 7

91 Nov. 8 9134 Nov. 13100 Nov. 25 100% Nov. 25

94% Nov. 4

Sale Prices.1003% May 271003% May 27102 Feb. 610134 Jan. 811334 Jan. 2411334 Jan. 810134 Jan. 11101% Jan. 18100 Nov. 22997% Sept. 6963% Nov. 3096 Nov. 309634 Nov. 301043% Nov. 25101% Aug 29104 Nov. 2510134 June 208434 Nov. 191003% Aug 121003% Sept. 231003/s Sept. 161003% Sept. 20

953% Oct. 24

91 Oct. 28

90 Oct. 2889 Nov. 27823% Nov. 1110134 Nov. 2299 Apr. 697 % Jan. 89134 Sept. 24

955-4 Feb. 2188 Mch. 11

Sale Prices.101 34 Oct. 7101% Mch. 81023% Feb. 23103% Apr. 111434 Apr. 101148% Mch. 2010194 Jan. 1110254 Mch. 25103 Feb. 231013% May 1310034 Jan. 231003-1 Jan. 2410031 Feb. 2310734 Jan. 2010231 Feb. 1410734 Jan. 1310234 Feb. 288 Feb. 17102% Jan,, 231027% Jan. 2410134 Oct. 17102 Apr. 18

100 July 23

95% Apr. 4

94 Feb. 1993 Feb. 188% Jan. 29105 Sept. 309934 June 1898% July 1895 Apr. 11

97 Jan. 2591 May 29

763-4 Oct. 2 84% Jan. 319634 Aug 9 100 Feb. 28964 July 31 993.4 Mch. 5873% Nov. 27 923.4 Feb. 28687 % Sept.Noy 1185 9921% JJaann 2831

10534 June 3 111 Oct. 410634 Mch. 16 10834 Sept. 510034 Jan. 19 107% Oct. 41063% June 1 111 Oct. 491 Oct. 29 9694 Mch. 259094 Oct. 23 94 Apr. 399% Aug 6 10034 Oct. 22108% Sept. 13 1103% Feb. 27

956% Novx 29

9134 Nov. 29

9434 July 26108 Oct. 2895 Aug 29

92% Nov. 6 91% Nov. 291233% June 14

91 Nov. 26 9134 Nov. 99034 Nov. 6 9034 Nov. 697 Nov. 29 975% Nov. 19634 Nov. 19 9034 Nov. 19

873% Nov. 2689 Nov. 2289% Nov. 21013% Nov. 4

10894 Nov. 29

873% Nov. 2689% Nov. 789% Nov. 81015% Nov. 4

108%, Nov. 29

10934 110 109% 110% 1098% Nov. 7 109% Nov. 7104 105 104 1A Sale 104 Nov. 30 1045-1 Nov. 3095% 957 105 10834

96 Aug 5112 Jan. 6873% Oct. 298334 Oct. 25883% Sept. 1899 Oct. 31107 June 2810251 June 2510894 Nov. 29105 ft pr. 2611334 Jan. 31HA Oct. 2191 June 6

109% Oct. 16101 Aug 22

97 Jan. 3

96% Feb. 5103 Oct. 28953% Jan. 20

96% Aug 1312334 June 14

97 Jan. 8

903-4 Sept. 19 9334 Feb. 29got Nov. 6 915% May 24953-4 Sept. 16 9934 Feb. 10

983% Mch. 19112 Jan.90 June 1592 Jan. 2391% Jan. 81013% Sept. 111103% Jan. 22104% May10034 Mch. 710534 Apr. 291134 Jan. 31973.4 Mch. 1491 June

11254 Apr. 1710.762, Itch 1 1

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24 BONDS-STOCK EXCHANGE RECORD [VoL. Lxxxxv

BONDS.N Y STOCK EXCHANGE

Peri-od.

Sales inNov.

Par value

Price AboutJan. 21912.

PRICES IN NOVEMBER. RANGE SINCE JAN. I.

Nov. 1.

Roch & Pittsb 1st g, 6s_ A921 F - A j Bid.- Ask.Buff Roch & Pitts (con.)- 112%

Consol, 1st g, 6s 1922 J - D 1153-i 1173iBuff&Sus-lst ref g 4s Apr 1951 J - J

50Burl C R & No. See C RI& PacC % an Sou 1st extended 6s_1913 J - J 102,000 101 101%No 2d 5s 1913 M- S 42,000 100% 100%

Registered 1913 M S 995i Carb & Shawn. See Ill CentralCarolina Cent. See Seab Air LCarthage & Ad. SeeNYC& HCedRIaF&N. SeeBCR&NCentral Branch. See Mo PacificCentral Ohio. See Bait & OhioCent of Ga-lst g, 5s_Nov 1945 F - A 1123

Consol, gold, 5s 1945 M - N 33,000 109 BaleRegistered 1945 M - N 107

1st, pref, inc, g, 5s_Nov 1945 Oct2d, pref, in g, 5s_Nov 1945 Oct3d, pref, inc, g, 5s_Nov 1945 OctStamped

Chat Div pur money, g,4s '51 J - D 1,000 88Mac & Nor Div, 1st, g, 5s1946 J - J 107Mid Ga & Atl Div 5s_ _ _1947 J - J 104%Mobile Div, 1st,

O g, 5s_ _ _1946 J - J 1073

en RR&B of Ga-Col g 5s.1937 M - N 4,000 102%Central of N J-Gen g, 5s_1987 J - J 6,000 121%

Registered July 1987 Q - J 121%Am Dock&Imp Co gu 5s.1921 J - J 12,000 106%Leh & H R gen gu, g, 58_1920 J - J 101%N Y & L Br, gen, g, 4s _1941 M - S 99%

Central Pacific. See So Pac CoCent Ver 1st, gu, g, 4s.May 1920 Q - F 6,000Ches & 0

-Fund & imp 5s_1928 J - J 17,000

Registered 1939 M - N 19,0001st, cons, gold, 5s

4%s1939 M - N 10,000General, gold, 4

Registered 1992 M - S 112,000 1s40

1992 M - S Convertible 4%s 1930 F - A 267,000 93 SaleBig Sand , 1st, 4s 1944 J - D 1,000 87 88%Coal Riv y 1st, gu, 4s..1945 J - D 85 89%Craig Valley, 1st, g, 55..1940 J - J 100% 104%Potts Creek Br 1st 4s___1946 J - J 81% .7R & A Div, 1st con g, 48_1989 J - J 94% 962d con gold, 4s 1989 J - J 92%

Warm Spr Val, 1st g, 5s_1941 M - S 105 108%Greenbr'r Ry,lst gu,g,4s.1940 M. N 89%

Chic & Alt RR-Ref g 3s_ _1949 A - 0 2,000 70% 71

Railway, 1st lien,g,3%s_1950 J - .1 29,000 64% SaleChic Burl & Q-Denv D 4s,1922 F - A 33,000 01:4i 00%

Illinois Division 334s__ 1949 J - J 45,000 87% SaleRegistered1949 J - J 88

Illinois Division, 4s 1949 J - J 24,000 100 100%Registered 1949 J - J

Iowa Div sink fund, 58..1919 A - 0 104% Sinking fund 4s 1919 A - 0 3,000 99% 100%

Nebraska Exten, 4s_ _ _ _1927 M. N 2,000 98% 983.Registered 1927 M. N 97%

Southwestern Div 4s_ _ _1921 M - S 2,000 993% 4s, joint bonds. See Grt NorDebenture 5s 1913 M - N 1,000 100% SaleGeneral 4s 1958 M - S 103,000 96% Sale

Chic & E Ill-Ref & imp g 4s1955 J - J 18,0 803% Sale1st cons, gold, 6s 1934 A - 0 ---124 126

General cons, 1st, 5s 1937 M. N 14,000 109% 110%Registered

9Pur money 1st coal 5s _ _ 119347 N2 FL : N A Ch & Ind Coal Ry 1st 5s_1936 J - J 1,000 109

Chic Gt West-lst 50-yr 4s 1959 M - S 62,000 82 83Chic Ind & Lou

-Ref, g, 6s1947 J - J 8,000 127% 127%Refunding, gold, 5s_ _ _ _1947 J - J 108% 110Refunding 4s, Series C_ _1947 J - J 9334Ind & Louisv 1st gu 4s_ _1956 J - J

Chic Ind & Sou-50-yr 48_1956 J - .1 90% 92%Chic L S & East-lst 434s_1969 J - D 104Chic Milw & St Paul-5s_ _1914 J - J 10,000 102 SaleGen, g, 4s, Ser A__May 1989 J - J 71,000 983% Sale

Registered May 1989 Q - J 98%Gen g, 334s, Ser B_May 1989 J - J

Registered May 1989 J - J25

-year debenture 4s___1934 J - JConvertible 434s receipts Ch & L Sup Div, g, 5s.. _1921 J - JCh & Mo Riv Div, 5s__ _1926 .1 - J 2,000Ch & P W, 1st, g, 5s___1921 J - J 14,000C M & Puget S 1st gen 4s 1949 J - J 172,000Dakota & Gt So, g, 5s_ _1916 J - J Dubuque Div 1st s 1 6s1920 J - J 6,000Fargo & So, assu, g, 6s__1924 J - .11st La Crosse & D, 5s__ A919 J - J Wisc & Minn Div, g, 5s_1921 J - J 1,000Wis Va4 Div 1st s f 68___19201.1 - JMilw & No 1st cons, 6s_ _1913 J - D 9,000Extended 434s 1913 J - D

Chic & North W cons 7s._ _1915 Q - X 20,000Extension 4s 1886-1926 F -

Registered 33,01886-1926 F - A

General, gold. Registered

1987 M - N 32,000

General 4s Nov 1987 Q - F

1987 M - N 117,000Sinking fund 6s._ _1879-1929 A - 0

Registered 1879-1929 A - 0 Sinking fund 5s__ _1879-1929 A - 0

Registered Debenture 5s

1879-1929 A - 0

Registered 1921 A - 0 1921 A 0

Sinking fund deb 5S____1933 M - N 2,000Registered 1933 M - N

Frem Elk & Mo V 1st 63_1933 A - 0Mani GB&NW 1st gu 334s '14 J - JMilw & S L 1st gu 3%s 1941 J - JM L S & West, lat, g, 6s_1921 M - NExt & imp, s f, g, 5s_ _1929 F - AAshland Div, 1st, g, 6s1925 M - SMichigan Div, lst,g,681924 J - J

Mil Spar & N W 1st gu 4s1947 M - S 120,000Win & St P 1st ext 7s 1916J -D

Chic R I & Pacific, 6s 1917 J - JRegistered 1917 J - J

General, gold, 4s Registered

1988 J - J 27,0001988 J - J

_1932 J - J 284,000

20-year debenture 5s__Refund gold 4s___1934 A - 0

Collat tr 4s, Series L 1914 M - NSeries P 1918 M - N

Chic R I & Pac RR 4s...2002 M - N 623,000Registered 2002 M - N 1u8s

R I Ark & L 4%s rec 1934 Burl C R & No-gold 5s_1934 A - 0 7,000

Bid. Ask.111% 112%

100 100%99% 10099

111% 109 Sale106

Nov. 30.

Bid. Ask.111 112% 39%

100% Sale100% Sale99

Lowest. Highest. Lowest. Highest.

Sale Prices.

100 Nov. 499% Nov. 7

Sale Prices. Sale Prices.

112 Aug. 21

100% Nov. 29100% Nov. 30

100 Oct. 299934 Sept. 21

Sale Prices.

115% Apr. 30

102 Feb. 20101 Feb. 8

110 111107% 108%106

108 Nov. 19

89311103%

153,0002,675,000

9134

107%

104121%121%

104%111%111%Sale

90% 9135107 109%105% 105 100% 101%11834 118%

105 105%102 99

90 100 101%109% Sale107% 11099% Sale98 99%

[93 93%85 89%83 100 83% 92% 94

10087 7065 65%99% 99%84% 85%83 98 Sale96 103% 9834 96% 9996 97%08% 100% 101%95 Sale77 77%119% 125107 109

97% 9810634 76% 79124% 128%

8490%

100% ' 97% 9895

87 83 8585 82 92 92% 90% Sale

105% Sale106% 104%

106% 106 106% 104% 105%95 Sale 9234 92%102% 103% 101%113% 111115 113%103% 103%106% 104%

110%

90%105 109%105% 105 100% 118 118% 118%105% 105%102 99

106%113

101% 100% Sale100% 99 108 105% 107% 98 95 97%

95 84 848234 84%97% Sale110 109 105% 1045 102% 104%

90% Nov. 27

101 Nov. 15118% Nov. 14

105% Nov. 27

89% 90% 897% Nov. 15100 101% 100 Nov. 29109% 110 109% Nov. 1108% 109% Nov. 2199% 9934 99% Nov. 1398 99% 92% 93 92% Nov. 2585% 88 86% Nov. 1283 102% 83% 91% 93% 88%102 87, 68% Sale 6854 Nov. 3065 65% 65 Nov. 159934 100 993% Nov. 685% 87 85% Nov. 683 97% 98% 9754 Nov. 196 103% 98% 100 98% Nov. 2196% 99 96% Nov. 2296 983% 98% Nov. 22

86% 87%85 98% Sale111% 110% 107 10434 104% 106103 108%107126%

107

123 125

5,000

61,000

113 115108% 116% 116%

111% 114%108% 109%107% 109%96 96%95 9689% Sale

95%72% Sale

86%111% 114107% 114% 114% 93 Sale109% 111%106% 106 94% 9493 943487% Sale91 9296

5

9568% Sale

100 100%94% Sale77% 78%119% 125106 107 106% 98106% Sale77 77%123% 128% 108%

100% Nov. 49434 Nov. 2277% Nov. 15

157 Nov. 8

10634 Nov. 3077% Nov. 14124% Nov. 29

8493%

100% 100%97% 97%95 83% 853482 90% 92106% Sale104%106104%93% Sale101% 111 111%115 103% 104% 106%110% 113100%991-41043495 97%95 84 84%82% 84%97% Sale110109 105% 105% 102% 104

104%

107%

107 108%

122% 125

86%111% 112%107% 114% 115% 93 93%109 111%1065 106 03% 9434-94EN 8790 Sale06 9566 Sale

109 Nov. 4112% Apr. 19106% Sept. 19107 Aug. 24

90% Nov. 27 893% Jan. 11107% Jan. 16

1013% Nov. 27118% Nov. 6

106 Nov. 13

9034 Nov. 16101% Nov. 11110 Nov. 15109% Nov. 2199% Nov. 7

101 Sept. 10118 Sept. 2311734Sept. 27104%Sept. 3010234 May 2100 Sept. 9

89% Nov. 15100 Nov. 29109 Aug. 27109% Nov. 2199% Oct. 26

93% Nov. 486% Nov. 12

113% Jan. 17111% May 8107 Aug. 24

9134 Apr. 910734 Jan. 10

103 Mch. 2812231 Jan. 12122% Feb. 28107 Jan. 18102% May 2100 Sept. 9

92% Feb. 15104% Jan. 13111% Feb. 20111% Feb. 1103 Feb. 1

92% Oct. 25 94 Apr. 886 Oct. 16 89 Apr. 885 Sept. 27 8854 Oct. 1101% May 7 101% May 784 May 29 86% Jan. 49134 Sept. 25 96 Jan. 2290 Aug. 16 90% Aug. 16

69 Nov. 12165% Nov. 8100 Nov. 1186 Nov. 12

98% Nvov. 18

983% Nov. 1896% Nov. 22

9834 Nov. 22

100% Nov. 495% Nov. 777% Nov. 4

107 Nov. 9

106% Nov. 3079 Nov. 7124% Nov. 15

W8% Nov. 3060% May 1090% Sept. 2583%, Sept. 178534 Apr. 2797% Nov. 197 Sept. 27104% Oct. 1998% Nov. 2196% Nov. 22963% Sept. 2798% Oct. 7

100% Oct. 2494% Sept. 1477 Sept. 23119% Oct. 4106% Oct. 8109% Feb. 597% Oct. 25106% Nov. 3075 Sept. 2312434 Nov. 29109% Aug. 2

86 July 1800% Aug. 27

10034 Nov. 2697% Nov. 7

100% Nov. 22983% Nov. 18

100 Nov. 2696 Aug. 2897% Apr. 383% Sept. 6

90 Nov. 1105% Nov. 6

106% Nov. 29104% Nov. 2192% Nov. 12

111 Nov. 6

105 Nov. 16

100% Nov. 29

105% Nov. 22

84 Nov. 15

96% Nov. 12

108% Nov. 22

10734Nov. 25

92% Nov. 27

93% Nov. 11

86% Nov. 298934 Nov. 29

90% Nov. 141063'8 Nov. 15

106% Nov. 29104% Nov. 21933% Nov. 23

111 Nov. 6

90 May 31101% May 29105 Sept. 7106% Nov. 291013-4 Sept. 259254 Sept. 5102 July 22111 Nov. 6

723-4 June 176534 Jan. 15100 Feb. 2988 Jan. 486% Aug. 610034 Feb. 29934 Feb. 6105 Apr. 2993% Mch. 2899% May 996% Sept. 2799% Aug. 71015% Feb. 149734 Jan. 2581% Jan 25125 Jan. 26113 Aug. 7109% Feb. 598 Oct. 2410934 Feb. 2083 Jan. 512954 Jan. 26110% Apr. 26

9034 Mch. 2891% May 8

102% May 17993% Jan. 1198 Jan. 1586% Jan. 22

92% Jan. 18107 Aug. 13108 Apr. 8108% Jan. 311066% Mch. 1995% Jan. 3103 Mch. 7113% Feb. 9

105 Nov. 16

100% Nov. 1

105% Nov. 22

84% Nov. 8

97% Nov. 6

10434 Mch. 8105 Oct. 23111% Sept.23100% Nov. 29100% Aug. 2104% Sept. 1996% Sept. 2896 Oct. 583% Sept. 681% May 2495 Oct. 8

1043% Apr. 12106% Jan. 9112%, Mch. 5101% Aug. 2100% Aug. 2108 Feb. 1408 Mch. 896 Oct. 587 Jan. 1886% Feb. 2698% Jan. 10

108% Nov. 22

109% Aug. 6105 July 31104% Oct. 17102% Sept. 19

10834 Nov. 22

107% Nov. 25------------

93% Nov. 15

124 Oct. 26-----------

-- _

111% Aug. 20106% Aug. 19

116% May-289254 Aug. 30109 Sept. 11106% Sept. 6

1093% Aug. 61067/s May 10104% Oct. 1710534 Jan. 29

17Ogi ----- -- 6---------

------------

----- - id110 Jan. 24

116% May 2894 Apr. 26111 July 18108% Jan. 19

05 Nov. 20

87% Nov. 1491% Nov. 11

933% Nov. 11933/ Sept. 27863% Nov. 29sog Nov. 29

9734 June 25903% Feb. 790% Jan. 2294% May 24

65% Nov. 30 68673% Nov. 15 67873% Nov. 18 87109% Nov. 0 100

Nov. 7Nov. 15Nov. 18

4 Nov. 11

65% Nov. 30 7334 Jan. 318734 Nov. 15 72% Jan. 2987 Nov. 18 93 Jan. $110934 Oct. 10 11134 Feb. 7

94110% 111%

9010934 110

86 90108% 110

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

DEC., 192.I BONDS-STOCK EXCHANGE RECORD. 25

BONDS.N Y STOCK EXCHANGE

Chic R I &P-(-Concluded)- 8 Bid. Ask.CRIF&NW,gu,g5s_1921 A- 0

104% M & St L, 1st gu, g, 7s_ _1927 J -D Choc Okl&G gen, g 5s,Oct'19 J - J

Consol, gold, 5s 1952 M - N Keok & Des M, 1st, 5s_ A923 A -St P & K CSh L 1st 04E31941 F - A 2,000

Chic St L dr N O. See Ill CentChic St L St Pitts. See Penn CoChic St P M & 0, cons 68_1930 J -DCons 6s, reduced to 33..1930 J - DDebenture 5s

M - S 63,000Ch St P & Min, 1st g, 6s_1918 M - N North Wisconsin 1st 6s_ _1930 J - J St P & S City, 1st g 6s_1919 A - 0 16,000

Chic & W I gen, g, 6s_Dec 1932 Q - MConsol 50-year 4s 1952 J - J

Chic dr W Mich. See Pere MarqChoc Oki & G. See CRIChi Ham & D 2d g, 4%s_1937 J - J

1st guar 4s 1959 J JCin D & I, 1st guar g 5s..1941 M - NCinFin&FtW,1st gu g 4s.1923 M - NCin Ind & W, 1st gu g 4s.1953 J - JInd Dec&West 1st, g, 5s.1935 J - J

1st guar gold, 5s 1935 J -Cin Ind St L & C. See CCC&StLCin San & Clev. See CCC&StI.Clearfield & Mahon. See BR&PC C C & St L gen g 4s_.._ _1993 J - D20 year debenture 4%s_ _1931 J - JCairo Div, 1st, gold, 4s_ _1939 J - JCin W & M Div, 1st, g 4s1991 J - JSt L Div, 1st coll tr g, 43.1990 M - N

Registered 1990 M - NS_p & Col Div, 1st, g, 4s_1940 M - SW W Val Div, 1st g, 4s_ _1940 J - JCin I St L & C, cons 6s_ _1920 M N

First gold, 4s___ _Aug 1936 Q - FRegistered__Aug 1936 Q - F

Cin S & Cl, cons 1st g 53_1928 J -Cl C C & In consol 7s_ _ _ _1914 J -D

Consol sink fund, 7s_ A914 J - DGen'l consol, gold, 65_1934J - J

Ind B1 & W, 1st pref, 4s_1940 A - 00 I & W, 1st pf, 5s_Apr 1938 Q - JPeor & East sist cons 4s_1940 A - 0

Cleve Lor & W. See Bait 1&9900 April.Income 49

Cleve & Mahon Vall, See ErieCleveland & Pitts. See PennCoColo Midland-lst g 4s___ _1047 J - JColo & Southern 1st g 48_1929 F - A

Refunding & ext, 4%s_ A935 M - NF W dr D City-lst g 6s_1921 J - D

Colum & Greenv. See South RyColum & Hock V. See Hock ValCol Conn dr Term. See Nor&WConn dr Pas Rivs, 1st g 4s_1943 A - 0Cuba RR 1st 50-year 5s g_ A952 J - Jnakota & Gt So. See CM&StPLoallas & Waco. See Mo K & TDelaware Lack & Western-

Morris & Essex 1st 7s 1914 M - NFirst cons guar, 7s_ _ .1915 J - D

Registered 1915 J - D1st ref guar, g, 3%s.._2000 J - D

N Y L &'W'

1st, 6s 1921 J - JConstruction 5s 1923 F - ATerm & improve't 4s..1923 M - N

War RR 1st ref gu g 3%s 2000 F - ADel dr H

-1st Penn Div 78_1917 M - S Registered 1917 M - S

10-year convert deb 4s_ A916 J - D 76,0001st lien ea 15-yr g 4%s__19Z2 J - J 9,0001st refunding 4s 1043 M - N 130,000Alb & Susq, cony 3%s_ A946 A - 0 23,000Rens dr Saratoga 1st 7s_ _1921 M - N

Del Riv RR.Bdge. See PennRItDen & R G-lst cons, g, 4s 1936 J - JConsol gold 43s 1936 J - JImprovement gold, 5s_ A928 J - DFirst & refundin

1955 F - A 118,000Adjust income 7s 1932 A - 0Rio Gr Junc,lst,gu,g,5s_1939 J - DRio Gr Sou, 1st, g, 4s.... A940 J - JGuaranteed 1940 J -J

Rio Gr West, 1st, g, 4s_ _1939 J - JM & coll tr, g, 4s,SerA.1949 A - 0Ut C, 1st, gu, g, 4s.Jan1917 A - 0

Des M & Ft D. See M & St LDes M Un Ry 1st g 5s__ _1917 M - NDet dr Mack, 1st lien g, 4s_1995 J - DGold 4s 1995 J D

Detroit River Tunnel-Det Term Tunnel 1st 434s '61 M- N[)et Tol&0-0 S Div, 1st 4s1941 M - S

Dui Missabe dr Nor gen 5s_1941 J - JDui & Iron Range, 1st 5s_ _1937 A - 0

Registered 1937 A - 0Second 6s 1916 J - J

Duluth Short Line. See Nor PDui So Shore & Atl, g, 5s_ _1937 J - JEast of Minn. See S M & M

ast Tenn Reor lien. See So ItyEast Tcnn Va & Ga. See So ItyElgin J )1 & East, 1st g 5s_ _1941 M - NElm Cort & No. See Leh & NYErie-lst consol, gold, 7s_ _1920 M - S 13,000N Y & Erie is ext, g, 4$._1947 M --N

2d, ext, gold, 5s 1019 M - S

3d, ext, gold, 4%s --_1923 M S

4t1, ext, gold, 5s___1920 A -5th, ext, gold, 4s____1928 J -D

NYLE&Wg,fund,7s.1920 M- S

Erie, 1st con, g, prior 4s_1996 J - J 150,000Registered

J - J1st consol gen lien g 4s 1996 J - J 46,000

Registered

J - J Penn coll trust, g, 4s_1951 F - A 15,00050-3rr cony g 4s, Ser A_1953 A - 0 87,000Do do Ser B_I953 A - 0 55,000

Buff N Y & Erie 1st 73. _1916 J -D Chic dr Erie, 1st gold 53_1982 M N 34,000Clev & Mahon Val, g 5s_1938 J - JLong Dock, cons g 6s__ _1935 A -C Rlt Co

conscur gu 6s_1922 M - N

D & Impt Co 1st cur Os_ A913 J - JNY&Greenw L guar g 58.1940 M - N

Int.Peri-od.

Sales inNov.

Par value

Price AboutJan. 21912.

PRICES IN NOVEMBER. RANGE SINCE JAN. 1

Nov. 1.

Bid. Ask.102% 106

4,000

5,000

102

106

101 101%

123 12591

1,000

123 111 111%107% 10992% 92%

3,000

4,000

6,000

1,000

7,0007,000

137,000103,00008,0008,000

10$

90%103% 104%

9087%104 1if)ii

101% 106 106%98 9989 90%

1208 121%8934 102% Sale120

120

109 110106% 89 90%

101

100%91%

86% 88%103%

92% 93%

91% 94%90% 91%91 9289 90 9391 92105% 96% 9896% 98107

105% 107

23%90

91% 39% Bale

57 6096% Sale97 97%111% 112

90% 91%

92%

9488% 89%90 91%88% 88 88 105% 96% 95% 105%

105124

90

89% 9245 50

46 4704 94%94% Sale108 110

3,000

5,0001,0001,000

106% 108109% 109%108

85

103% 106% 109105%

114 115%106

9,0002,000

99

111

104% 105%95%

115% 110%

97% Sale100% 101%98% Sale90% 92%122

------

Nov. 30.

Bid. Ask.102% 106

100% 105% 98 9989 90%

120 121%89% -102% Sale120 120 109%, 110106% 89 90%

99% 101%

911003486% 88%103

90 8B192

94%

8990% 9188 88 88 105%

105%

90

105

124

Lowest.

Sale Prizes.

Highest.

91 Nov. 16

1203-4 Nov. 20

10234 Nov. 4

1093-4 Nov. 6

90 Nov. 8

101 Nov. 8

86% Nov. 26

90 Nov. 15

90 Nov. 7

973-4 Nov. 14

883-4 8934 8834 Nov. 2648 50 4834 Nov. 25

40 Sale93% 9493% 93%107% 109

103106 1 9

111% 104% 107%95%

110% 975% Sale 97 973-4

10109 % 9 A 100% 101Sale8034 00% 9888H' S8a9%118

118

8934 853-4 873-4 863%96- -

. _ 97 98 97

97

94% 92%8634 Sale 8334 84 83_____ ----- 101

101

101%

72% 30 77%

4,000 8780%

22,000

1,000

9992 9589% 91

68

82% 8376 7982

99

9588 00

98

104% 104%106 110102

2,000

104 1051033410334

104 107%

108%

102119

101

103%

110

115 Sale

104% 102% 105% 100 101

120%89 Sale84% 78% 78%77

88 893485% 86%7534 Bale1085 11254 112%1095-4 122% 1043-4 108101% 102%

101% 99% 101% 103%96 101113 116%86% 8785

76%77%

88% 89%84% Sale77% Sale105111 111%107

122% 124106 107%100 101104 100

87%9894%83%

77%

82% 83%77 7982

99

8705

07%

104 105102% 103%103 101

103%

110

114% 11599 102% 10010:3 92% 101113 116%86 86%84% 85%76% Sale

77%88% 88%83% 84%77% 77%105 110% Sale107

122% 106 107%100 101104 100

36 Nov. 169334 Nov. 159334 Nov. 29108 Nov. 25

10634 Nov. 19

11134 Nov. 2910534 Nov. 169634 Nov. 19

973-4 Nov. 271007% Nov. 119734 Nov. 1590 Nov. 12

86% Nov. 1497 Nov. 21

83 Nov. 13

8234 Nov. 12

Sale Prices.

Lowest.

Sale Prices.

Highest.

91 Nov. 16

12034 Nov. 20

102 Sept. 12106 Oct. 1499 Oct. 1889 Sept. 23

12034 Oct. 22

1025% Nov. 15 102 Aug. 1122 June 26

1093-4 Nov. 6

90 Nov. 13

101 Nov. 8

109 Sept. 301073-4 Oct. 108834 Sept. 18

10034 Oct. 238634 June 28101 Oct: 14

8634 Nov. 26 8634 July 30104 Feb. 5

90% Nov. 8

90% Nov. 4

i90 Nov. 1591 Sept. 3933-4 Sept. 590 May 189% June 5

91 Apr. 1

9754 Nov. 14 96 Mch. 496 July 1010734 Feb. 15105 June 8

Sale Prices

102 Sept. 1210834 Mch. 31013-i May 209134 Apr. 17

124 Feb. 28

105 May 912334 Mch, 14

111% Mch.1083-4 Jan. 30923-4 Feb. 28

101 Mch. 1187 June 2810434 Jan. 11

88 July 110434 Feb. 2

93% Jan. 4933/ June 1394% May 1693 Mch.9334 Jan. 26

91 Apr. 1

973-4 Oct. 3196 July 1010734 Feb. 151053-4 Feb. 27

123 Oct. 9 12334 Apr. 15

90 Nov. 1249 Nov. 13

46 Nov. 794% Nov. 494% Nov. 7108 Nov. 25

8734 Sept. 2535 Mch. 26

36 Nov. 169334 Nov. 15933-4 Nov. 29108 Nov. 25

92 Jan. 350 Oct. 8

58% Jan. 49734 Feb. 29983-4 Jan. 30

11234 Feb. 26

------ 1023% June 2210634 Nov. 81,10634 Nov. 19

1 1 90 Mch. 2711-14 Nov. 2211134 Nov. 2910534 Nov. 16 10534 Nov. 169634 Nov. 19 953-4 Oct. 4

--

-157% Nov. 110034 Nov. 11,98% Nov. 69034 Nov. 41

87% Nov. 697 Nov. 21

- 183% Nov. 4

----

82% Nov. 25

------------

98 Nov. 14

1033-4 Nov. 11

115 Nov. 8 115 Nov. 15

86 Nov. 6

7634 Nov. 30

88% Nov. 484 Nov. 277734 Nov. 26

11034 Nov. 30

124 Nov. 21

87 Nov. 14

77% Nov. 9

89 Nov. 1585% Nov. 478% Nov. 7

111 Nov. 7

124 Nov. 21

9734 Nov. 2710034 Nov. 119734 Nov. 1590 June 13

1213-4 May 23

84 July 226 % Aug. 594 June 1581 Sept. 12101 July 1810134 July 29

82 Sept. 2578 Jan. 1s-

_ 66_ _Jan. it98 Nov. 1469% Jan.105 Sept. 510334 Nov. I'l

103 Oct. 0

110 Aug. 27

115 Oct. 25

10434 !itch. 1599% Oct. 8105 Feb. 16100 Jan. 2211534 June 1986 Nov. 685 Sept. 257634 Nov. 3077 Apr. 10883-4 Jan. 984 Oct. 3075% Jan. 210834 Jan. 411034 Nov. 30109 May 2412334 Apr. 24106 May 29

11003-4 Oct. 1010334 Aug. 2

10754 Apr. 12109 % Jan. 31

90 Mch. 2711434 Jan. 241073% May 2098 July 24

_9834 Jan. ;2510134 Feb. 2199% May 2893 Feb. 612134 May 23

90% Mch. 698% May 219934 Feb. 2090 Feb. 16101 July 1810134 July 29

8854 Jan. 2881 Mch. 8

%. Apr.-26

101 Jan. 475 Feb. 15106 Apr. 1107 Aid 9 5

108 Apr. 30

112% May 2

11854 Feb. 19

104% Jan. 221023% Feb. 61053-4 Jan. 9100 Jan. 2211654 Apr. 1590 Jan. 168854 June 108034 Apr. 2277 Apr. 1091 May 249134 Apr. 128034 Apr. 121101% Feb. 14114 Apr. 26109 May 24124% May 91073-4 Aug. 15101% Mch. 12105 May 15

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

26 BONDS-STOCK EXCHANGE RECORD [VOL. Lxxxxv.

BONDS. Int. Sales in Price About' -PRICES IN NOVEMBER. RANGE SINCE JAN. 1.Pen- Nov. Jan. 2 --N Y STOCK EXCHANGE od. Par value 1912. Nov. 1. Nov. 30. Lowest. Highest. 2LolLst,..._ _1110_,LstL._

Erie(Concluded)NYEusq&W , Est ref g5s.1937 J - J

II Bid. Ask. Bid. 10A3smIC. --i-id. - Ask Sale Prices. Sale Prices. 103 Sale 103% 103 Jan. 2 105 Jan. 8

Sale Prices.-------

Sale Prices.

Second, gold, 4%s_ _1937 F - A 80 82% 90 82% 90

Terminal, 1st gold, 55 1943 M - N 3,000 108% 108% 108% 1073 108% 108% Nov. 25 108% Nov. 25 10846 Jsuevnte. 284 90 May 20

110 June 21General, gold, 5s 1940 F - A 1,000 88 90 85% 88 ____.. 86% 87% Nov. 8 87% Nov. 8

Mid of NJ 1st ext, 5s_Wilk & East, 1st gu, g 5s 1940 J - D 6,000 98% 99% 100 99% 99% % Nov. 26 99 Nov. 26 99% June 20 102% Mch. 11

111% May 31 111% May 31_ _1940 A - 0 110%

Erie St Pittsburgh. See Penn Co

Ev & T Hlst cons g 6s1921 J - .1 1.1.8 1 11 178 110 106 May 6 106 May 0Ev & In, 1st con, gu, g, 6s_1926 J - J

10191% 1st general gold 5s 1942 A - 0 101

111% May 17 112% Feb. 16

Mt Vernon 1st gold 6s__1923 A - 0 107% 187A 100 1gm, 100 1017, Feb. 23 102% May 29

Sull Co Brch, 1st g 5sV

1930 A - 0 5 95 95 argo & Sou. See ChicM&StP

95 June 11 95 June 11_ _ 9

A la Cent & P. See Seab Air LFla East Coast 1st 4%s___1959 J - D 96 July 23 98% Feb. 8Fort St U D Co 1st g 4%s_1941 J - J

90 7 96 96% 94% 96 5

Ft W & Rio Gr, 1st g 4s_ _1928 J - J 6,000 82 78 81 77% 77% Nov. 26 77% Nov. 26 76 Aug. 23 81G

% Jan. 27al H Sr San A. See So Pae Co alv H & H of 1882,1st 5s 1913 A - 0 96% 983' 98% 99% Mch. 28 100 May 3

Ga & Ala. See Seab Air LineGa Car & Nor. See Seab Air LGeorgia Pacific. See South RyGila V G & N. See Sou Pac CoGouv & Oswegat. See N Y Cent

95% Sale99% 100

05A Nov. 4 N. Nov.27 N158 Oct. 37 88% Jan. 19la86,000 96% Sale 95% Sale 95% Nov. 11Gt NoC B & Q coil tr 4s_1921 J - J 892,000 96% SaleRegistered July 1921 Q - J1st & refund 4%s Ser A_1961 J - J 131,000 100% 101% 100 Sale 100 Nov. 7 100% Nov. 9 100 Oct. 25 1O14 Feb. 5

Registered 1961 St Paul Minn & Manitoba-

1st consol, gold, 6s_ __1933 J - 3 4,000 g9 i 125% 122% 122%

% Nov. 9 99%Consol mortgage 4s__1933 J - J 97 97% 97% 98 97% Nov. 9 97% Nov. 21 97 Apr. 15

Registered 1933 J J

124% July 17 125% May 9

122 Sept. 4 122 Sept. 4Reduced to gold 4%s_1933 J - J 7,000 105% 106 1813 10.1m 1(31, 104 Nov. 26 104% Nov. 4 % 1 103% Aug. 7 105 Jan. 16

Registered 1933 J J Mont Ext, 1st gold 4s_1937 J - D 2,000 97% 98% 4 96 98 96 963 96 Nov. 19 96 Nov. 19 96 Nov. 19 98% Jan. 20

Registered 1937 J - D 95 95 Pac Ext, sterling gu 4s__1940 J - J 923i 92% 92% E Ry NI,No Div,lst,g,4s 1948 A - 0 , 96% 993 94 97 93 97 96% Jan. 5 985- Jan. 11

Mont C 1st, gu, g, 6s_ _1937 J - J 2,0001 127% 1283 124% 121% 111

124 3 Nov. 22 124% Nov. 22 11%121 ITO ,3; . 212' 112? % Feb.'pr. gMinneap Un 1st, g, 6s__1922 J - J 115% 111

Registered 1937 J - J 132 123 122

1st guar, gold, 5s__1937 J - J 1,000 111 113 110 111% 110 um 1103' Nov. 19 110% Nov. 19 110% Nov. 19 111% Sept. 7Registered 1937 J - J

Will & S F, 1st, gold, 58_1938 J -D 113 109% 109%Greenbrier Ry. See Ches & 0G&ShI, 1st rf&ter5s,g,Feb 1952 J - j 21,000 94 95 92 95 913.i 92 Nov. 7 92% Nov. 6 91% June 26 95 Jan. 5

Registered Feb 1952 J - J [jock a

Val, 1st con, g, 4%s 1999 J - J 48,000 102 102% 99% 101 101A 101% 100 Nov. 9 101 Nov. 27 99% Sept. 16 103 Apr. 2Registered A. 19991 - .1 100

,

%o1 & H V, 1st ext g 4s_

Col & Tol 1st, ext, 4s_ __1955 F - A 96% Sale 91% 95 922% 9,45 92 Nov. 13 92 Nov. 13 92 Nov. 13 32 Nov. 133_1948 A - 0 1000 94% 91 9

Housatonic. See NY NH& H 96 A Jan. 2

H & Tex Cent. See So Pac CoHous Belt & Ter 1st 5s_ __1937 J - J

19 %

9% 100 100 99 100

Illinois Centralist g 4s 2,000 021951 J - J 100% 101 100% Nov. 6 101 Nov. 21 1003 Nov. 6a Registered 1951 J - J 100

1st, gold 3%s 1951 J - J 00 90% 91Registered 1951 J - J

Extended, 1st, g, 3%s__1951 A - 0 Registered 1951 A - 0

1st, gold, 3s, sterling_ 1951 M - S

Registered 96% 98

99 96 98% 98% Nov. 27 98% Nov. 27 97 June 1 100 Feb. 17Collateral trust gold 4s__1952 A - 0 8,000 99

1955 NI - N 97,000 96% Sale 94% 95% 95 95% 95 Nov. 4 95% Nov. 14 95 4 Sept. 12 953i Sept. 12

1st refunding 4s 1952 A - 0 95N 95%

Purchased lines 3%s_ __1952 J - J 85 86% 93 Aug. 30 96% Feb. 13

Coll tr g 4s, L N 0 & T_953 NI - N 4,000 99% 95 "H 95

97% 95% Nov. 20 95% Nov. 27 9856% Joacnt.. 3202 86% Feb. 26

_1Registered 1953 NI - N 96% 98 95

99% Jan. 12

Cairo Bridge, gold, 4s_ __1950 J - D 95 Litchfield di" 1st g 35 _ _1951 J - J 2,00074 753' 753'i % 75% Nov. 8 75 Nov. 6Lou'v div & term,g,3%s 1953 J - J 86 82 85 82 85

Registered 1953J - J 81% 85 813/i 85Middle Div, regis, 5s___1921 F - A 1053( 1023 102% Omaha Div, 1st, g, 3s_..1951 F - A 73 St Lou Div & term, g, 3s.1951 J - J 73% 77 733'i 75

743iReg1stered1951 J - J %73% 73 75% 73 75Gold, 3%s

1951 J - J 85 86 85% 823% Registered 1951 J - J 84 83 83

85% June 12

%

------------

Spring( Div 1st g 3%3_1951 J - J 1951 J - J Registered 84 83 83

Belle & Carond, 1st 6s__1923 J - D 111 4 112 112

%Western Lines 1st g 48..1951 F - A 963 92% 96 92 94

92 Oct. 14 96% Mch. 12Registered 1951 F - A 91 91

Ch St L & N 0, gold,

, 5s_1951 J - D ., 1,000 114 116 113% 113% 1134 Nov. 23 113y, Nov. 23 19143%! J'Nuolvy. 293 96 May 2Carb & Shaw, 1st 4s g . _1923 M - S Re 1951 J - D gistered 113 114 111

111 116 Jan. 25

Gold 3%s

84% 82 82 Registered

1951 J - D 1951 J - D

Memphis Div,lst,g,4s_1951 J - D 95 91A 013/ St L So, 1st, gu, g, 4s_1931 M - S 95 92 957 92% 05%

Ind B1 & W . See ClevCC&StI.Ind Dec & W. See Cin H dr D

Intern de Gt Nolst g, 6s_1919 NI - N 9,000 107 107 107 10' Nov. T? 1nm Nov. 11 92% June 8 96 Jan. 18Ind Ill & Ia, 1st, gold, 4s_ _1950 J - J 94% 96 91 92 91 94% Iowa Central, Is, gold, 58_1938 J - D 13,000 102 Bale 98% 99% 99 100 9934

106% Oct. 7 108% Feb. 14

Refunding gold 4s 1951 M - S 10,000 65% 67 60 62 61 Sale 6034 Nov. 29 61 Nov. 22 6034 Nov. 29 6034 Jan. 911 95% Aug. 21 105 July 3a

Tack Lans & Sag. SeeMich Cendames F & Clear 1st 48. _ _1959 J - D 9434Vail All & G R. See LE&MSs.an Jr Mich. See Tol & 0 CKCFtSc&M. SeeStL &SFK C & M Ry & B. See StL&SFK C & Pacific. See Mo K & TKan City South, 1st g, 3s_ _1950 A - 0 21,000 7334 Bale 72 Sale 72 7234 72 Nov. 1 7234 Nov. 26 71% Oct. 5 74 Jan. 26

Registered 1950 A - 0 Ref & imp 55 Apr1950 J. - J 160,000 993( 10034 98 99 973% 99 973% Nov. 12 98 Nov. 6 96% Sept. 6 10034 Jan. 113

Kentucky Central. See L 14,96NO J - .1 11,000 96% 9634 97% 96% Nov. 11 9634 Nov. 29 96% Oct. 18 98% Feb. 7Kansas C Term 1st 4s 98%

Keok & Des M. See C R I & PKnoxville & Ohio. See Sou Ry1 ake E & W, 1st, gold, 58.1937 J - J 2,000 10834 10934 10634 10634 10634 Nov. 11 10734 Nov. 14 1.(01% Nov. 11 110 Feb. 7

Leh V (NY) 1st gu, g, 4%8.1940 J - J 12,000 105 103% Nov. 16 104% Nov. 22 103% Nov. 16

Feb. 16

L Sh & Mich So. See N Y CentNorth Ohio 1st gu g 5s__1945 A - 0

104% 104% 100 104 100 103% 105 104% 106% 105 104% June 246 111090456 A34

BA 2d gold, 5s .1941 J - J

Leh V Ter Ry 1st gu, g, 5s_1941 A - 0 96% 111001520u 99%

:icchh: 2121

Registered 1940 J - J 104% 105 103% 104% 103%

10334

19045 Sept.sAepprt.. 231

Registered

110171x% 114% 111 111% 112 110

109% Oct. 17

fog ------- - H)

110914P.1 AA111:ai: 22731Leh V (Pa) gen con, g, 4s_..2003 M - N 97

Leh V Coal Co, 1st, gu g ,5s.n.li `,Ik : 3 10536 Registered 1933 J - J ,

i(36% Aug. 16

First, int reduced to 4s...1933 J - J 14 h & N Ylst gu, g, 4s__1945111 - S 933-4 91 01

Registered

NI - S Elm C & N, 1st pref 68..1914 A - 0 103

Gold, guar, bs 1914 A - 0 10034

103 Mch. 25 103 Mch. 25Leh & Hud R. See Cent of N JLeroy de Caney Val. See Mo PLong Dock. See Erie

------------

------------

9636 Jan. 2

993% Aug. 20

90 Apr. 2789 Apr. 29

100% Sept. 17104 Feb. .17

92% Oct. 489% Mch.

94% July 97354 June 2484% Feb. 283 Aug. 12

75 Apr. 277536 Mch. 15

------------

95 May 217534 Nov. 6.8734 Apr. 3083 Aug. 12

7536 Aug. 307534 Meth 15

86% Feb. 9------------

------------ ------------

92% Aug. 21------------

94 May 7

92% Aug. 21------------

94% Jan. 11

93 June 19 94% May 29

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

DEC., 1912.1 BONDS-STOCK EXCHANGE RECORD 27

BONDS. Int. Sales in Price Aboutpen:- Nov. Jan. 2N Y STOCK EXCHANGE od. Par value 1912. Nov. 1. Nov. 30.

$ Bid. Ask. Bid. Ask. Bid. Ask.Long Isl 1st con, g, 5s_July 1931 Q - J 2,000 110 112 108% 109% 109341st cons, gold, 4s .July1931 Q - J

93

93

93

Gen, g 4s 1938 J - D 12,000 93% 94 93 Sale 92 93Ferry, g, 434s 1922 M - S 1,000 9634 100 9634 100 9634 100

Unified gold 4s 1949 M- S 7,000 92 93% 9190 1099373m 9901 9972%

Gold, 4s 1932 J - D

91% 97

Deb, gold 5s 1934 J - D

102 104% 96 93% 943/ 94% 95%Guar, ref, g, 4s 1949 M - S 5,000 95

Registered 1949 M - S NY B & M B, con, g, 5s_1935 A - 0

1058%

104NY & Ro Bch, 1st, g, 5s_1927 M- S

10374

102NShBch,Ist con,gu5s_Oct'32 Q - g 10634 Sale 104Louisiana & Ark, 1st 5s__ _1927 NI - 2,000

9434 Louisv & Nashv-Gen g 6s_1930 J - D 11,000 11534 SaleGold 5s 1937 M - N

11134 Unified, gold, 4s 1940 J - J 140,000 9934 SaleRegistered 1940 J - J

97 Coll trust, gold, 5s 1931 M - N

109 111E H & Nash, 1st, g, 6s_ _1919 J - D 1,000 111 115Louis Cin & Lex, g, 434s 1931 M - N

62,000 110280U 125N 0 & M, 1st, g, 6s 1930 J - JN 0 & M, 2d, g, 6s 1930J - J

117% 119%Pad & Mem Div 4s 1946 F - A

948% 9634Pensacola Div, g, 6s_ _ ..1920 M - S

10534 109St Louis Div, 1st, g 6s__1921 M - S

113 114342d, gold, 3s 1980 M- S

68 7334Atl Knox & CinDiv,g,4s_1955 M - N 50,000 92 9234Atl Knox & No,lst,g,58_1946 J - D

1123% 115Hend'sonB'ge,lst s f,6s,g1931 M - S

104 Kentucky Central, g, 4s_1987 J - J 4,000 9434 95L&N&Mob&Ifilst g 4345 1945 M - S 105 106L&N-Sou Mon, joint, 48_1952 J - J

90Registered July 1952 Q - l' N Fl & Shef, lst,gu,g,5s_1937 F -

10834 Npt&CinB gen gu g,434s 1945 J - J 101 Pens & Atl, 1st, gu, g, 6s 1921 F - A

11034 11134S & N Ala, con, gu, g, 5s.I936 F - A

111 11134Lo&JeffBridgeCo, gu g, 4s'45 M- S 9131 92%ftfiahoning Coal. See LS&MSo

AvAanitoS W Coloniz, g, 5s 1934 J - D

10231 Manila RR-Sou lines, 48_1936 M - N

88McK'pt&BVern. SeeNYC&HRMexican Central-2d, con, in g, 3s, Tr certfs_Equip and collat, g, 5s_ _1917 A - 0

2d Series, gold, 5s____1919 A - 0 Mex Internat, 1st con,g,4s.1977 M - S Stamped, guaranteed__ _1977 M - S 80

Michigan Central. See N Y CentMid Term, 1st, g, s f, 5s_

.,.1925 J - DMil L S & West. See Chic & NWMU & North. See Ch M & St PMinn & St L, 1st, gold, 7s_1927 J - D 127 131

Pacific Ext, 1st, gold, 6s.1921 A - 0 1st cons, gold, 5s 1934 M - N 2,000

106%1st & refund, gold, 4s__ _1949 M - S 26,000 69% SaleDesM & FtD lst,gu g,4s 1935 J - J 1,000 7931Minn & St L, gu. See B C R & N

M St P & SS M, con, gold, 4s,stpd, payment of int gu_1938 J - J 15,000 97 9731M St P & S S M & Cent Term

1st Chic Term s f 4s__ _1941 M - N

M S S M & Ati, 1st gold, 4s,stpd,payment of int gu_'26 J - J

Minneap Un. See St P NI & MMississippi Cent 1st

5s_. ...1949 J - J

Mo Kan & Okla. See M K & T Missouri Kansas & Texas-

1st, gold, 4s 1990 J - D 69,000 96 97 2d gold 4s_

June 1990 F - A 42,000 8334 841st extension, gold, 5s...1944 M - N

101 101%1st & refund mtge, 4s._ _2004 M - S

80% 80%General s f, 434s._ _ . _ _1936 J - J 21,000 88% 89St Lou Div, 1st, ref, g,-4s 2001 A - 0

84Dal & Wa, 1st, gu, g, 5s_1940 M - N

105% Kan C & Pac, 1st, g, 4s_1990 F - A

88 91Mo K & E, 1st, gu, g, 5s.1942 A - 0 1,000 10934 SaleMo K & Ok 1st, gu, 5s_ _1942 M - N 5,000 10634 108MK&T of T lst.gu,g,5s.1942 M - S 9,000 102 104%Sher Shev&So,lst,gu,g,5s'43 J - D

10434Tex & Okla, 1st, gu, g,5s 1943 M - S 26,000 11003331 Mo Pac-lst consol g 6s_ _1920 M - N 38,000 10634 108Trust, g, 5s, stamp_Jan 1917 M - S 22,000 9934 10034Registered Jan 1917 M - S1st, coil, gold, 5s 1920 F - A 16,000 9934 100Registered 1920 F - A

40-year gold loan, 4s_ -1945 M - S 53,000 713d is ext at 4% 1938 M - N

951st & ref cony 5s 1959 M - S 145,000 8634 SaleCen Bch Ry, 1st, gu, g,4s1919 F - A 2,000 99

Cent Br Un Pac, lst,g,4s 1948 J - D 4,000 78 8434Leroy&CVaIAL,lst,g,55 1926 J - J 102Pac R of Mo, lst,ext g,4s1938 F - A 2,000 9534 97342d extended, gold, 53_1938 J - J

104 10934St Louis Iron Mt & South-Gen con ry & Id gt,g,5s1931 A - 0 50,000 106Gen con stpd, gu g, 5s 1931 A - 0 Unit & ref, gold, 4s_--1929 J - J 42,000 7934 SaleRegistered 1929 J - J

78 River&Gulf div,lst,g,4s'33 M - N 47,000 8234 Sale VerdigrisVI&W, 1st g,5s 1926 M - S

Mobile & Birm. See South RyMobile & Ohio new, g, 6s_192'7 J - D 24,000 1208% 121 1st extension, g, 6s_July 1927 Q - J

114 117General, gold, 4s 1938 NI - S 28,000 85% 86Montgom Div, 1st, g, 5s.1947 F - A 1,000 11034 1107%St L & C coil tr,g,4s_May1930 Q - F - 1,000 83 85Guaranteed, gold, 4s.1931 J - J 3,000 9331 93%Collat trust, 4s. See SouthernMohawk & Mal. SeeNY C& HMonongahela Riv. See Bait & 0Montana Cent. See St P M & MMorgan's La & T. See So Pac CoMorris & Essex. See D L & WNash Chat & St L-Ist, 7s.'13 J - J 4,000 104 104%" 1st, con, gold, 5s 1928 A - 0 9,000 109

Jasper Bch, 1st, gold,6s_1923 J - J 113

McM M W & Al, 1st,

-

6s_1917 J - J

107% T P Branch 1st 6s-- . -1917 J - J

10734 Nash Flor & Shef. See Lou & NNatRysMex prior lien 434s 1957 J - J 12,000 923.1 9234Guaranteed general 4s__1977 A - 0 5,000 8631 87Nat ofMex prior lien,g,4301926 J - J

1001st consol, gold, 4s 1951 A - 0

7934 8031N H & Derby. See N Y N H&HN J Junc'n RR. See N Y CentNewp't & Cin B'ge. See Lou&NNO Mobile& Chic 1st ref 5s 1960 J - J 39,000NO&NE prior l'n,e,6s_Nov1915 A - 0 104 14

PRICES IN NOVEMBER. RANGE SINCE JAN. 1.

103

937112% 11334110% 112349734 Sale

9734107%11034 11134101

'

118%11493%105%

1147034

91% Sale109

105% 9210334

903486

107% 100% 110

108% 110%

91%

104%

86

104102% 103104%

93112% 110% 112%96% Sale

Lowest.

Sale Prices.10831 Nov. 13

93 Nov. 89631 Nov. 19

91 Nov. 4

94 Nov. 14

Highest.

Sale Prices.1081% Nov. 13

93 Nov. 89631 Nov. 19

Lowest. Highest.

Sale Prices: Sale Prices.10831 Nov. 13 11054 Mch. 99631 Mch. 30 9631 Mch. 8091% Oct. 15 9434 Jan. 309631 Nov. 19 98 May 10

91 Nov. 12 90 Sept. 28

95 Nov. 19 93 Jan. 12

95% May 8

97% Mch. 4

93 Nov. 19 9334 Nov. 1911334 Nov. 9 114 Nov. 11

9634 Nov. 30

107% 109

11034 11134 11034 Nov. 22101119%11492%105%

97% Nov. 8

11036 Nov. 22

1123465 70%92% Sale109

105% 91% 92%103%

9086

105

10134 110

108% 110%90 91

104%86

91% Nov. 6

9134 Nov. 25

125

98 10162 64%76 77%

9534 96%

95 9634

96%

94 95

9234 93%8031 81100% 102%

773i8534 86

78

115 125

99% 1026334 Sale70 78

06

95

96%

94 95

94 Sale80 8074

9931

7686 8634

7734

10031 Nov. 663 Nov. 1276 Nov. 27

95 Nov. 6

103 Oct. 3105 Aug. 1693 May 211234 July 91108% Sept. 269634 Nov. 30963% Sept. 2610834 May 2911034 Nov. 22104% Apr. 261203.1 Aug. 71173-4 Jan. 119331 Aug. 26

9236 Nov. 27

11234 July 1969% May 89131 Oct. 31112% May 7

92 Nov. 11 9134 Nov. 2510354 Oct. 888% June 14

losyi Sept. 310034 Sept. 1911034 Oct. 210936 July 29134 Feb. 19

104 July 2910731 Jan. 296 Oct. 511734 Mch. 411234 Aug. 2299% Feb. 998% Apr. 811034 Feb. 17111% Jan. 26105 Feb. 7121 Mch. 11117% Jan. 1196 Apr. 2

113 May 2269% Mch. 893 Jan. 13112% May 7

95 Feb. 13104% July 10903-4 Oct. 11

10931 Jan. 8110034 Sept. 19112 Mch. 7111% Feb 891% Feb 19

12436 Oct. 19

10034 Nov. 1664 Nov. 876 Nov. 27

95 Nov. 6

92% Nov. 480% Nov. 4

8534 Nov. 6

99 Oct. 29597% Sept. 2576 Nov. 27

95 Nov. 6

9731 June 25

96% May 9

129 Feb. 18

105 Jan. 126934 Jan. 281 Jan. 8

,97% Feb 5

9734 June 25

9631 May 9

9434 Nov. 2981 'Nov. 11

863.4 Nov. 14

87% 10634 108%10334 105%100% 10199% 104

104106 Sale98% 100

9731 97%

71% Sale

96%88 Sale92 92%75

106% 108%104% 10510034 100%99% 104101 103%106 106%99% 100

97% 97%

70% Sale

96%8631 Sale92

75

108 Nov. 810331 Nov. 1110034 Nov. 6

10054 Nov. 710554 Nov. 299934 Nov. 22

108 Nov. 81038% Nov. 1110131 Nov. 21

101 Nov. 7106 Nov. 15998% Nov. 15

9734 Nov. 29

7034 Nov. 30

8631 Nov. 299231 Nov. 2275 Nov. 23

978% Nov. 15

92% Oct. 380 May 6993-4 Sept. 1477% May 3185% Sept. 1778 June 17104% Sept. 1288 Sept. 2010634 Sept. 2510354 Nov. 119934 Oct. 1110331 Feb. 1410034 Nov. 71043% July 299851 July 1197 May 219631 Aug. 29

72 Nov. 13 70 July 29

8831 Nov. 4928% Nov. 2275 Nov. 23

9334 9510331 105

104% Sale1043' 81% Sale

83% 84100

118 11931113% 1148534 86%10736 108%8454 85%

10131 101%1093.4 111% 105

105

93

103% 105

104% Sale

8131 82

8334 Sale

116% 118112% 85% 86%107% 108%85

91%

101% Sale

11134 10531 107105

93 Nov. 7

10454 Nov. 1

81 Nov. 12

8334 Nov. 21

11734 Nov. 23

8534 Nov. 1510754 Nov. 128534 Nov. 2091% Nov. 7

93 Nov. 7

104% Nov. 23

81% Nov. 14

84 Nov. 4

118 Nov. 19

8534 Nov. 2010734 Nov. 128536 Nov. 2092 Nov. 14

10134 Nov. 3010131 Nov. 111095.4 Nov. 7 10954 Nov. 8

84 June 289134 Mch. 2675 Nov. 23

97 Jan. 198436 Jan. 1610234 Feb. 68134 Jan. 268934 Jan. 2678 July 18105% Mch. 2091 Apr. 24110 Jan. 121073-4 Jan. 29104 Jan. 261038% Feb. 141053.4 Feb 1810834 Mch. 2910094 Jan. 2997 May 21100% Jan. 30

7531 Mel]. 18

8934 Jan. 189234 Nov. 2281 May 1

9231 Sept. 18 98 Mch. 2810334 Oct. 30 10331 Oct. 30

1023-4 Aug. 1104 Oct. 2177% Aug 978 Jan. 198134 Oct. 25100 Oct. 25

11734 Nov. 2311534 Jan. 2985 July 2610734 Nov. 1282 Aug. 691% Nov. 7

10634 Feb. 2104 Oct. 218351 Jan. 288074 Oct. 2284 Jan. 31100 Oct. 25

121 Jan. 221155 Jan. 2987 Mch. 2111