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Bonds Investors should ask for our October Bond Circular. It lists over 150 issues which we trc recommending at this time. .,.,,..r I gams, fortes Pine St, Cor. William NEW YORK % Legal investments For Estates?Trust Funds Savings Banks Bonds of States Municipal! Counties Circular B-60 ?escribing the aiove sent upon request Barr Brothers & Go. U WALL ST. KEty YORK TeL Sector 4530 American Can National Biscuit COMPARED Send fcr Circular Billings, Olcott ? Co. Wtr.ibcrs A'cn? } or\ Slock Exchange ttBroaitoay Hotel Plaza ?-L?W.-I 4846 Trl. Plaza 1691 22 Copper Stocks interestirig Statistical Statement mailed free on request Ward?, &raiver & Co. Members .V. V. Stock Exchange ? 20 Broad Street Rector 2645 I J JCRicc, Jr.&C o.Buy &S c Victor-Talking J.K. Rice, Jr. & Co. hen-., 400.3 to 40in,lohn, :,?; Wall St. N. Y UT H Y has no investor ever lost a !" dollar 0{ Principal or i?tereS. on any security bought o? S W I? h-2 and learn the reason why. S? W. STRAUS & CO. Straus Building, _ W5th Ave.--.-at 46th St. "Selecting Your I^shne?ts7, SSSln?" br?klet descri^ng the CSSfe??SUa-llt,-e1J0f Millcr *?TSt ?wtgage Bonos yielding 7% or 7 % %. Wttti0 Ga?tntfi"' .7" N*w York S^?-*!'-*^ ?tllt'r ?outhem Cltte*. I ?,,? EXECrUTOR 'i Uu THE FARMERS' **? and TRUST COMPANY | Chartered 1822 16-22 William St? atten: 476 Fifth Art,, n,w TorJt "?NISTRATOR GUARDIAN SAVINGS BANKS Divid?end? December 31st. .1921 and June 30th. 1922, 'were at the i?te of 4Vi % _ per annum. *??* ikiti b*nk our a'lvid?nd? ere Blw"y* M out earnings and our conservative r*^Perra?L ?*"?. "'??-?-? on or before October 13th draw g?fcom October I at fiast River j Sayinjgs 9-feMtax OneBlockflorthof GtyHaS Tfiffii"0*8 Central Trusts ^tSl hT0N- O?- 5-~The Illinois "*? tVi. i cad obtained an order f^ito t?. i erstate Commerce Cora ^lity V? f. Pern--t-insr it to assume **?-HU....I the. Payment of principal >t ce??, ?? 56,645,000 in equipment ?S?*-sh f,iiat?*' The securities will Hctt to . SuWlth whicl- *ne ?ad ex "^?i?tv* chase 3?000 gondola cars Tbe ?,*nve engines. !*?* t? thf"" PacSftc Railroad ap * b??e S^o?"ion. for Permi?sion **ne?M hA'^ ,W}0 ?n 6 P?r cent first ?^-PanV ?"d?: t0 "-?ture in 1946. The ^' *** so-K8 t0 8el1 th* bonds at hftk-ue u?i?-!t!0i 8aid- and desires to v?it?t*tor ? the "ceipts 2,000 re? ?a^ cars and 1,000 automobile Day's Dealings in Bonds The Market Evidence that the speculative ele? ment among followers of the bond mar? ket looked for higher prices was seen in the strength of this group in yester? day's transactions, Rail securities of the so-called speculative group, auch as the adjustment bonds, moved ahead firmly, "Katy" 5s crossing C4 and Hud? son & Manhattan adjustment 5s sell? ing above 82V. for the first time since the last coupon was taken off. Truncation* . _ _ ? Salea. Liberty .*?*%?, 3947. J54TO.ft.io do ?trt 4?, 1942.-. . . 2 000 <-l<* 1st 4%K. 1947. twicOO do-2d 4 1??. ]:>4?!. 4l | Mg do 3<1 4V,*. l?>2s. 493,000 {10 4th 41<s, 1938. 1,004,000 \:rtut'y 4 % s. 3923. 75,000 alo 4%i>. culled. 2.740,000 ?tuotatlons Liberi \ H*(? y 3 Vi s. id 4s. . . 1st ''?H Yield ??.?3 4.03 4 21 4.3"} 4?7 4.24 4.06 3.97 Net enge ? o? -fc-.Oil 4-.02 + .0 1 + .08 ? .02 ? .02 t? jar, reg, 194S. 3?, coup, 1946. 4s. r.'g. 19 25. . 4s OOlip, 3925. .104 l'an 2s. ieg. '36.103 ?'an '?a, cou, '54,103 Pan 2s. reg, '31.103 Pan 2s cou, '38.103 Pan 3?. rog, '61 . l'an 3s, cou, '61. 1' 1, 4s, '34.. . 1"* 1, 4s, '35.. . i- i, 4?. -a*... D of C 3.U3S. 104 10.1 103 103 103 92 High. Low. Vast. .100.1)0 100.48 100.52 99.iM 99.60 99.130 .ion.3 ?i 100.04 3no.O? 2d 4'in.... 99. K0 99. ?1 89,84 3d 4V.ni.... 99.94 99 64 ?9.80 4th 4%*.. ..100.10 300.02 100.10 TV 4%s.300.42 100.42 300.42 ?.'.? 4 Vs. cnlloii.100.1 4 3O0.3O 10^.14 Bid and AsKec? fjuotatlons Y .'??tordu y. Wadnta?ay. 3%S. 3S-'47. . .lftO.SOif 100 60 1 00.50 <i, 1 oil 54 2d 4s. 1943... 99.6p? 99.80 99.04? 33,7G iBl 4 '.?'.'3.-,47.1?O.Iii?^ 100.1 'l 100.04? 100.08 2d 4Vis, 1942.. 99.S2? 99.88 99.784t1 99.8j S ?i 4V??, 1?28.. 99.80?-?*.' 89.96 99.??? 99.ut. 4.h 4%s, '23. . .J00.08? 100.14 X00.02OlQ0.04 Yic. i%a? "?3 . . 100.12fr I00.lt? 100.34? 100.18 do 4%8, ettld. 100.42?100.44 100.44 Q100.40 Pre-war t__ucs* reg, 1930. . .108 ?103^, coup, 1930.. 103 01?8 A . 93%? 95% . 93%? ?SI. 104 ?304% ?1U4% ?103 % ?103 Vi ?103 Vi ?103% 92*4? 94 Vi 92 Va? 04 V? 91 ? 94 91 ? 94 91 & 94 98 Til 1)0 Foreign Govt. and Municipal Bonds (Interest to be added) nid. Asked. Argentine Nat Gvt 5-yr 7?.101 % 102 Belgian 5-yr 6s . 88VA do 7%s, 1945 .104 do 8a, 3945 .104 Bergen ?s, 1945 .108V. OfrnV* 8-?. 1945.113 IWn-d.-.-'UX 6s. 1934 . 81 Brasil ss, 1941 .102 Canalla ??, 1926 . 99 Vi do 5V.8, 1929 ."?O?!., do ta, I9::i . 90% Chll" Sa. 1941 .104Vi do Ss, 1920 .102% do 2.i-yr 8s. 1946 .103*? Chin Gvt Hu Kug Ry 6s. 1951. 51 Vi Christian!:! 8s. 1945 .110 Copenhagen 6%s, 1944 . 91% Cuba E).\t? ?n 5s, 1944 . 9? Cuba Extern 5s ?or A 1914.... 90 - do 4M?*?, 1949 . 85% t3_Ocho-Sfov_.il Rep 8s, 1951.... 94 Denmark. Ss. 15-15 .110 <lo 6?, 1912 .:.;.. 98% Danish 8_. A 1946 .1 07 V_ do Ss, 15 1946 .107?/. 308'. Dutch Bast Indios 6s, 1947.... 96Vi do 40-vr 6s. 1962 ..-. . 95% Franco 7%H ?941 . 97% ' do fj. 1946 .100% Italy 5-yr ?Vis . 96 Japan is .trig loan 1931 . 81 Vi do 4% s strlg loan 1925 . 93% do 4%s, 2U sor 3825 . 93 Lyons 15-yr Cs. 1934 . 81 Marsclll.-s U.-yr 6?, '19.3 5 . 81 Mexico Kater gold 4s, 1954.... 39% do ?triar 5?, 3945 . 54 do Irrigation 4%s, 1946 . 35 Norway 8_; i9io .111 Rio ?io Janeiro 2B*yr 8.*-. 1947..100 Santo Domingo f?s. 19 103 ?103-A 10.1 ?103 A 91 Vi?? 95 V. 93 Vi? 95 Vi 104 ?104> ?104% ?iosvi ?10:?% ?ft 103% Q 103 ?4 %? 94% 92V*? 94Vi 91 ? 94 91 & ?4 91 ? 94 98 ?100 99% 104% 104 Vi 109 IIS M 102 Vi 9 9% 101''s 98% 104 % 102% 10?% 61% no',-. 92 95 110% 108% 95% 97% 101 96% 8144 83% 93% 81.% 81% 39% 54% .'?8 112 100% 97 San Paulo 8s. 1936 .101% 102% Seine 20-yr gol.l 7s, 1942. 88 Sweden 6s. 1939 .104 Switzerland 8s. 1940 .121% United Kingdom 6%s, do 5 '.s, 1937 . 88? 104% 12? 107% 108 .103V* 103% An Jurg Unit] Magiar Wks ?s 1947 2 _ 80% 1 .:.. 80 2 -...-. ..80% 1 --. - 80% 3 .... S0% Argentine G 7s 1935 2 ....101% 0 -101% Chinese Ry ! 5s 3945 5 _ 51 ; 2 _ 50% 6 - 50%! 4 - 60%i ? .... 60%! 2 _ 51 ! C of Bergen ? 8s 1945 'I 1 -108% City of Berne 8s 1945 1 _113% City of Bord 6? 1934 1 :..-. 80% 6 -80% (Sales) 9 _ 99 Vi 5 _ 99 1 .... 99% 7 _ 98% 1962 3'. 99 2 .... 99W 1 .... 98% 8 "-?99% K of Italy . 3 .... n 99?% 6%s ser A 5 _ 99 V, 1925 1 .... 99% !5 .... 90 7 .... 99 V* 2 _ 90 Vi 1 - 99% k of Nether Dut E Ind 6s lands 6s 3 972 1947 10 95% 2 95% 1 95%| i 95%i 30 HI 11 81% 81% .1 -81% 1 .... 81% 2 _ 81 "City of Copen? hagen! 5% s 19 44 2 _ 91% 1 .... 91 % 4 - 92 C of Greater rrague 7 Vis 1946 2 _ 82% -3 - 82% City of Lyons 6s 1934. 2 .... 80% 6 .... 80% 8 - 81% 4 _ 81 1 - 81% 2 .... 81% 3 _ 81% 5 _ 83% City of M_rs 6s 1934 1 - 80% 2 _ 8 3. 6 _ 81 2 _ 81% 4 _ 81 17 .... 81% C Montevideo ' Crug 7s 1952 1 _98 1 .,.. 92% City of Rio do Janeiro s f 8? 1946 1 _100 I 3 _100 ! 1?47 w I 1 ... .10014 ! C of Solssons! 6s 1936 8 _79%; 5 _79*.' 2 _79% 1 .... 79% 4 ..... 79 i ..:. 79% 1 -79 Cy of Zurich! 8s 1945 1 ....113V4! Compa??a Az Bara 7%s 1937 4 .... 99 2 - 98% Czecho? slovakia R Ss 1951 6 .... 93% 3 _ 95%i 1 .... 95%! 2 _ 96 I 2 .... 95% 3 .... 90 ? S f 6s 3 962 trust rets 2 .... 95% 8 _ 95% 2 .95% 20 .... 95V4 7 - 95% 1 - 95% 1 _ 95% 1 .... 95% 3 .... 95% 1 _ 95% 10 .... 95% 2 .... 95%l 10 _ 93V4 22 .... 95 %! 1 - 95% Hiil-Am Line 6s 1947 5 _ 89 Frainerican T Develop 7%f 1937 1 _ 94% ? 1 .... 94? 1 _ 94% 1 .... 94% French Rep 8s 1945 8 _101 96 94% 95 94% 95 95 Vi ?i .... 95 7 .... 95% 3 _ 95 40 - 95% 20 .... 95% 1 .... 95% 2 - 96 % 2 _ 95% 5 - 94% .'. .... 95 3 .... 95 Vi 2 .... 95% 8 - 95 Vi 2 .... 95% 3 si Of 9 5 7 .... 95% K of Norway 8s 1940 . 1 -112 2 -112 % 1 _112 K of Sweden 6s 1939 10 _103% 1 -104 Vi 6 _104 Par-Lyons-M 6s 1958 .102% ,.101% ,.101% ,.101% ,.101% ,.101% . .101% . .101% . .101 . .101 % ..101% . .101 . .101% ..101% ..101% .. 101 Vi ..101 . .100% . .100% .101 75% 7? 76 600. 75% 76 76% 75% 76 76% 5 . . ./ 76 11 _ 75% 3 .... 75% 22 _ 75 1 _ 74% 2 .... 75 6 .... 75% R of Bolivia 8s 1947 7 _ 97% 97% 97-1* 97% 97% 97% 97% ...100%! Rep of Chile ..100% .101 .100% .101 71-is 1941 941 94% 94% 94% 95 94 li, 94% 94T?, 97% 97% 97% 97 M 97% 97% 97% 97% 97% 97% 97 V, 97% 97% 8s 192G 2 _102 22 . 20 . 1941 1 . 1 . 1946 1 . .102'4 .102% .102% .ro4% .104% .304% ,.104% .104 . .104 . .103% Rep of Urug 8s 1916 8 _107 , 1 -3 06% .C. 91% St of Queens. .3d. 97 V? ? iRn,i s f 7s 1941 1 -110% 10 -110% -110 1947 -104 ....103% ....!<?"% 4 .... 95% 10 .... 94% 6 ., . . 94 5 .... 94% 5 _95 1 .... D4% 4 3d. 94 Danish Con M s f gold 8? ser A 1946 2 _108% aer B 1946 1 ....108 Dept of Seine Prance 7s 1943 8 _89 5 .8S14 1 >. . .. 89% 5 .... 89% 1 .... 89% 6 . . .; 89% 5 _89 3 .... 88% 5 _ 88% Dom Rep 6%s 1942 1. .... 9t 10 ... . 91 5 .. . ." 90% Dom Can 5%? notes 1S29 4 . . 97%i ZI _ 97% 10 _ 97% 10 _ 97 V 5. 9'7% ?0 - 97% 1 _9 7 % Jap 1st ser 4%s 1925 3 .... 93% 10 _ 93' 1 .... 93% 2d ser 4%s 1925 8.92% i? -2oT/iiSofSi*0 Pa*?o \i ' V ?aS * f Ss 1936 ?tig Inc 4s I E . . . 102 6 s 1 6 3 1 State of Kio Gv do Sul 6s 1946 1 -100% i -3 01 3 -101% 1921 12 K of Rel?ium 8s 1941 1 _I0414 2 _103?i 1.103%; 2 _104 a f 7%s 194 Swiss Conf 8b 81 'i J940 *JHI 1 ....121% "a % 1 ... .321** 8$ 2 ????ms siv? U K of Qt Br 11% I & I 5%s 1929 1 -108 5 81% 81% 81% 8 2 - 1 .... 1 _ 1 - B 5 _ 2 _ 6s 3925 2 ? '.'. '.\ 1 104% 104% 104 304 104 104% 104% 104 ?99%] 193" 15 1 6 2 2 45 Sa 3 526 .10-1% K Denmark .101% ?s 1945 6 _110 20 _110%| 6n 1942 2 .... 99 I 2 .... 98% ? 108% .308 .107% .3 04 .303% ..103% ..103% ..103% ..103% 1 ....7.03% H 1 ....103% Vi U S of Brazil 8s 1941 J 6 ....102% 1 -102% 1 ....102% 2 -102 2 ....102% _?,';?! Coffee Sec L 8.1'^) 7%a 1962 .101% .101 .101% .101% 86% 86% 86% 86% 86% 86 ? 1 .... ??%. 1 .... [?it, ? .... X7 Con Ry Blec 7s 1963 ?I ? .. 1 . . 3 . . l??.. S . . 90 Si, ?4 90% 01 oo% oo% U 8 of M? tu 1046 10 - 54% 5 . . .. Large 6 _ 5 ... 5 _ 30 _ 1? _ 6 _ U 1954 6 _ 54 % i 5 _ 30 ? I 54 Unit 8 H Cri M'ai of Copen 1037 5 4% 64 52% m a r.2?. 62% 62 6a 89% 3-9% 39%j l?H 1 __ 04?.; 1 - 04 H 2 - 94% 1 - 94 H i . ,. 04% N Y City 4%s IM, 2 -107 4%* 19(10 13 _Kim-, 4? 1969 1 .... 99% Rai?wf.y, Other Corporations Adrirn? Kxp 4s 191R 1 - 80 A.lex Rub |a "41 int ctf 1 .... 99% 1 ?... 09% 1 ... !'9 H Am Ak Chem 7%8 1941 3 -104 Am Bmettlnaj S? 3 947 5 .... 94% 1 .... 96 9 4 H 94% 94% R 97% 07'?s 97 % 07? ?r* 9 TU 07*? o 7 u 97 M 97 H 97% 97% 07% 97% ?7*, 97". Am suk r-? 3937 21 -103 Afli T & T 4v lis 3 02:? 6 -117 1 .?..US 6 _1 3 !? " I 10 col 6s 194? ?n 6 - 99%, 1 11? .... 09 iH 1 1 - 99% ' I 4 - 99%:Chl 9* % cv 4 %s 1930 10 .... fio 7 .... 90 30 . ... 80-14 r? . .. | o v? 24 4%s 1933 .1024 1929 . 02% ? tm ? 92 % Win S" ??o? 4 a 14 .. 10 .. 3 Am YV _ ft Elec Co 6? 3934 3 .... 85% 1 - 86 2 - 85% 6 .... ?fi Am Wrl s f 7s 11 -86% Ann Arbor 4s 1995 1 .... 70 1 .... 70% Armour Co 4%s 1939 .... 89 % -89% .... S 9 ?% 4',-jS 1991 .... S? _ 89% .... 89% ?fc Alton , 3s 1950 a .... 54% 5 .... 68 ? ? .... 65%| 3%B 1949 " 1 - 33 | 33 I 32% ? . ... 307 v, 'l'Un 11 R ,-,,? 1952 4 - 86% Cumb Tel r,s 3 937 fi - 04% 5 .... 94 De! A Hu.l "i* 3 930 2 -110 5%s 1937 tp 3 -102 1 -101% CV 5:? 193G 1 ... .3001-, ? ?t ri?? Gr cou 4d nia? 1 - 78 1 _ 78 18 _ 1 22 .... 1 _ 5 s 7f. 18 A T !7i 91 % S F 1995 ? 91% ? 91 K . 91% . 9 1 % . 91 % . ? 91 % 10 . 2 . 1 2 . 10 . C B 3973 2 . . 32%! ? 32%; . 33 ! . 32% Q 5? 301% . . .101% ...101% . . .101% . ..102 .. .101% ... 101 % 4s 1958 91% 1927 90% Chi rV E 111 1951 _85 84% 1 F-! Neb Sa 8 - 79% 18 . . . . 78U "?(,' 5? 1940 1 .... 4 9 9 - 49% 4 9 4 9 49% 49% 49?'? 49% 50 .... 60% i Gf .60 - 50% - 60% - HO ?A - 60% - 60% - 60% ... . 50% ? Dcry C 1942 -100% -100% . . . .100V -100% ... .101 -101% ? m% -103% 303 2 1 1 10 10 1(10 - **% ?Des Mo'inaV a ???? *?' Ft D 4s '35 ? ? ? ? *?}% ? j 6(. 3960 3 _3 OC C ?t M'est 4s 3 _304%! 1959 ??%lnet Edi 1st & 84% ' rtg 6" sei' B 3940 adj 4s 3995" ! 3 2 - 3 .... 82% 1 ??? stamped i 2 ... 10 .... 83% I 1 si t. Ail A C A L| 12 6s 1944 ?f'I?! I"?' 4 ... .100% ! Knl Cs ! At C L 1st cl 2 ? ? ? 2 -104 3 -101% 1.8 Cf.104 1 -104% C ....104% 1 -105% 1 -105% rfg 5a 1940 97% 4a 195 23 - 91% uni 4%s 196 4 1 - 91 2 - 91% I.*N 4s 1952 16 .... 8 3 % Atl ?k D lut 4s 1948 . 2 .... 80 I Atl Fruit Co tern R f cv 7s 1934 5 - 33 3 2 C M ?i- St cv 6s ser B 2014 5 32% deb 99% 99% 1 .... ?Atl Ref 5s 3935 3 .... 3 _ 1 _ Bait & Ohio 6s 1929 * -302 2 -3 01% 1 -102 2 -101% 1 ....101% ? -101% 3 -101% cv 4%s 193 3 ?? -86 % 1st 5 rfg 2 1st 4 6 s 4s 52 61 % 61% 51% 63 <v Lo 39C8 1 OO'V?, 300%j col 6s 1933 19G9 I 2 . . 86% ?Donner 3947 . 86% 1960 77% CV 4%8 1 .... 8 76 Va I 77%' 3932 73 73% 73% 73 3!, 3 rfg 4%8 2034 3 3 68% 68% 68 ?8% 68 rfg 6s gold 4! 34 1948 ??4% - S 4 % .... 86% -85 s7f.. 85 -86 P 1 3%s 1925 2 .... 94?% 1 _ 93?% 8 _ 05 B & O Sw 3%8 3925 3 2 _ 93 Vi B & O T & C 4a 3959 1 .... 70% B & O Pitt & M dlv 3%s 1925 10 - 93% Barnsdall C 8s sr A 3 93 3 3 _3 05% B?>1! T of Pa 7s 1945 10 1 1 _108% 9 -108 H| Both Steel rfg 5s 19(2 1 -98 1 _ 98% en 6b 1948 S ....300% 11 ....100% 1st 6s 1926 1 - 90% P m 6s 393C 5 .... 94 2 - 94% Bklyn Ed Co 6s sr A 3949 1 .... 98% t?en 6s ser B 1930 1 -3 03 % Ken 7s ser D 3940 2 -3 08% 1 -108% 10 ....109 Bklyn R T 7s 1921 1 .... 94 4s 1925 3 - 84 deb 4s 1934 1 ...? 65% 4s C M ?Se Pu Sd 3049 1 _ 73 C & Nwn 83ii; I 6%s 1936 86 ! 2?...112 ]fl95 | gnl 4a 1987 90% I 2 ? ?.. 89 90% iCnl -??y sa 1 1 C R gril 98 ?i Stecl A '42 5 - 96% 6 - 95 Du Pont do N 7%s 1931 4 -103 2 ....108% 2 ....108% 12 -308 6 -3 08% Duq Light. 7%s 1945 1 -307?% 1 -3 07% 1 -107% 3 -107?% C -107% 6s 3949 3 -104% 3 -3 04% East Cuba {?g 7%s 3937 6 -300 Emp G <fc F 7%s ser A 1937 6 - 05% 3 _ 95% 1 - 65% 1 - 06 V? 11 .... 9->K 3 - 95 ? 93% '..'i7!Erie pr'li 51*'l 4a 1996 5 rfg 2 - 82% I ?fe P 4s 1988 86 4s .934 ... 84% ... 85 . . . . 8 4% ... 84% - 85 ... 86% - 85 . ... 85% 8 6 6 - 66 2 _ 66% En] In 4s '96 i _ 53 Ci, 6314 64 53% 54 64 54 54% 54 Chl TTnlon Stai 30 6s sr B 3963 4 _103% 4%s s A '63 3 .... 92% ? 2 .... 92% C & west Ind ! 4s 3952 I 7 - 77% . .108% Chile Copper ..108 1 7s 1923 cvt'a of 1 . .. 10 . . . 6 ... 1 . . . 1 ?1 stp ? 89% 90 ctfs of 30 ... 11 ... | Bklyn H Cas tPm 7s J932 3 -116 % 6s 1945 5 -. 98 % 1 Buff R A p 4%s 1957 , 1 .... 94% Bush Ter Bg 6s 19.10 2 - 03% con Ss 1056 1 _ 92 (Can Gen Elec Gr er A 3942 ? 94% depoa ? 93% . 94 . 94 94%jCln Gaa ?i El ?31?% .113 ? 111 % .111 I ;.111% ..ili%l ?111%! ..in%! ..m ..m% ..inn . . 111 V? . .111% ..110% ..111 ..110% 2 ... 96 .. 96% .. 96% . . 96% .. 96% .. 96 M .. 06% .. 96% .. 96% .. 96% ?. 96% .. 96% .. 96% .. 96% cv 4s ser 1963 ... 61% 3 0 - 61% env 4s ser B 3953 6 - 51% cv 4a ser D 1953 10 -64% 6 - 64% 1 ?,- 65 Erio & G R 6s 1967 3 - 06 2 - 96 % Fia C & P 6s 1959 1 - 99% Erle & Jer Cs 1968 3 -96 conv 5s 1943 2 - 91% Frnn Bug 1st 7%s 1942 4 -103 3 .....*J>3% Gen El deb 6a 1940 2 -3 05?% 1 ....106 deb 5a 1952 1 ....101% Goodrlch Co 6%s 1947 2 _102 6 -101% 13 _102 6.s 71,101% 5 _102 3 _102% 1 _102 4 _102% 4 _102 V. 96%'Goody Tire & 5 3 1 1 |Can 103 -102% ....103% -103 Nor Ry f gold 7s 3940 2 ,;..113% 3 -113*4 1 s7f. .3 33 2 _333% 6%s 1946 5 _13 3 1 _313 Can Pacifie deb 4s 1 .... 83 2 .... 82% 2 -83 1 _83 1 .... ?-.2% 1 .... 83 5 .... 82% C?mi South 5s 19G2 1 .... 99% Cen of Ca Ry 6s 1929 2 ....100% 1 -3 00% Cen Leather 5s 1925 I - 08% 14 . ... 98% 1 - 98% 13 .... 98% Cen N Eng 4s 1961 2 63 Cen Pacific 3%s 1939 16 .... 92% gtd 4s 1949 3 _90 3 -89% |Cen lt R of N J 5s 1987 4 -110 6%s aer B 19G1 6 _100% 2 -100* C C C & St I. rf 6s ser A 3 929 2 _102 5 _101% 1 -102 4b C W & M dlv 1991 ?? 1 _82 Cl St L 4%s 1961 6 _ 97% Cl Un Term 5%s ser A 1972 3 _105% 5 _105 Col IndustrI 6s 193 4 1 -80% 8 _ 80% 2 _ 81 8 _80% 2 .... 80% Col & South 4%s 1935 6 _ 90 1 s30f. 89 1 - 90 Colum G ?fe E 5s 1937 6 - 95% 5 _ 95 V, Comwth Pwr. f 6s 1947 _ 91 Rub s ? 8s J131 3 , 99% 1 .s 6f. 1 - 3 _ 4 _ 1 _ 23 _ 3943 ilj ?<, 99% 99% 99% 99% 99% 100 1 .110 .115 Gran Con Min 8m & P 8s 1925 4 - 98 % 5 _ 98 CJr Trunk Ry of Can s f 7s 194 0 2 -13 3% 8 -133 s f 6s 3 930 _ .304% 3 _104 8 _3 04% 7 ....3 04% 5 -304% 3 _3 04% 4 -3 04% 2 ,.?,1045? Gt Nor 7s ser A 193G 6 -112%. 4 -112% 1 .... 13 2 % 3 -112 % 3 ....332% 1 -112% .112% 91%| 3.s 7?.112 01% R -112% 91% 6%s 1952 10 _ 61% 16 -104 2 _ 91% 6 -103% 6 _ 91 3 _104 2 _ 91% 9 ... .103% 6 _ 91 G B & W ?1 B Comp-Tab-R 1 .... 13% 6s 1941 Hock Val 4%s 2 _ 97% 1909 Cn Coal of M ?? - "*"? 6s 1950 ! 1 - 87% 4 _ 92%:Hud & M rfg 1 1 .. |Cer de cv a f 20 .. 5 ... 110% uo% Pasco 8? '31 ?124% _ .124? s -186 6 -134% 2 -134% Che? * Ohio cv ta 1946 3 -9? 1 .... 92 3 - 92 % Crn Cork & S s f 6s 1942 3 .... 98% 8 - 95% 7 .... 95% 2 _ 96 Cuba Cane Sf cvt deb 8a 3 930 1 - 90% 2 - 90 1 .... 90% 2 _ 90 cvt deb 7s 1930 1 -86% , 4 -8C% ?Cuban Am 8g sol Is 1*31 6b 1957 2 1 1 1 2 ? 3 13 11 85% ?5% 86 85% 85% 85% 86 86% 86 Inc 6s 1957 61% 62 62% 62% 62% 62% 62% 62 Ml lluinli nu f. Rfg Co 6%a 19:12 1)9 99% rig r?s t??* 1E47 1 .... 44%! 8 .... 96% 1 .... 44 ; 1 .... 95% M St P & s ?3 Pao ?'?as & Kl M 6s ser A 6n 1942 Hl Central" 6Hs 1911 ? ....in;*., 4? 1953 1 . , 3 1946 _ '? -10 1*. 3 .... 1 06 i? M K A T 1st ?Is 1990 5 .... 81' , 9 - 83 r.' 83%'.?I K*T of T fii c',v ; A N o So 1963 's E M K ??h, !!'U i 5 Peo 1 4 i Tac | 1952 I 16 4 94 94% Cof '47 94% 96 94% 94% 94% T 6s 93% M? 1. ? ? i : i Ind s?, 6s 19* 3 . Hi Pic, 3 340 3'-' . 1 . . 40 IiH-Mo: 195B 6 . <*'fs of' 17 . 3 6 . " 1 ?r' . . '. ' c'f? of'd?posl stamped 93 . 92 %i ? 93 | ? 02% 4%s 16 ! 1 5 % I 04 63 %|_ fi ? i 1 .... 93K M% Bao P & L f. 04 19J0 Si* * ???. 9i% _.?|P?0h Mot C Sa? tmp 1931 k? -107% Am Pet l?? 04' ! ln .... is* ftl? ''"? ? !!: Tntb 'n Tr 7s '946 ivh Isa ls ??.. 97% 1 .... nu ?I ? M . fi 30 2 . . It*th0 r' 3941 v 3 . . P 1 6a sor C 97''. 97 U 97 U 67 Ci 98 ? <"< .... H7 r??V 98% Mo P 6s I9-4O S8 ' I **r D tem -102 _102 -102% 4s 1975 ... 66% & Tran 7s ??? ...-102% f?nn 7s 1930 j 1 ....110 1 -103% ! 1 -110*, gold 6%s '36 4 -111 % 20 -111% J -111 % 5? 1968 .10: gen T 6 s 10 4 gen 1 -101% 3 -101% con 4V.S '60 1 -100% 4%s '65 ? . . 92% ... 93% ... 93% . . . 9'1'-' ... 83% an 195 6 3 rfg ? 80 %| ' .2* , 80 . 80 1966 ? 73%| ? 78 Vi a 73 73% , 73 73% . 73V, 7 3% . 73 H 73 U 19 3 1 Mob 3% 1 - 73 % l'.fs of d-l.os ?S ???? T3% 6 7 ... 61iV ? ? ? 67 H ... 67 ... 67 ... 67 Vi ... 67 ... ?7% & Ohio 4s 193S 2 .... 78% 4s St L A Cal div 1931 2 .... 301.4 Mont Power 5s 1941 2 .... 9914 99 Now E T ?V T s Kcr A 1952 " .... 99% 1 .... 99?i ' .... 99% 4 - 99% 99?? [3% 20 73% US 73 V, 73% 72% T.73 int Cernent 8s ser A 3 93 3 , ;! -1 07 V_ Int & ot N Gb ext at 7 pc 1919 1 -100% 1st 6s aer A 1941 w 1 2 -100% od.1 6s ser A 1945 w 1 41 74 18 19 24 5 23 15 15 1 6s 53% 54 54 64% 54% 51V? 64^ B<? 54% 53% Int 6s 6 1 - 67 Mer Mar 1941 - 94 .... 93% ? - 94" 1 - 93% 3 - 93% 3 .... 03% ? - 94 , 7 .... 93% Int Pap rfg 6s ser A 1947 3 .... 90 1 - 90 ser B 1947 l ???? SS? 2 .... 89% 2 - 89 6 - 89% 2 .... 89% 2 - 89% 2 .... 89% Invine Oil 8s 1931 8 .101 .101 ? 101% .101% .102 Iowa Cent 4s 1951 1 .... 44 K C Pt S & M 4s 1936 1 _ 1 _ 82 81% Kan ?'fty So 5? 1950 N Orl & N E rof & imp 4%s 1959 2 - 84 N O T & M 5s 1935 77 V, N Y Cent 6s 193 5 77% 77% 771?. 77 % 77 77% 78 77% deb 1 ... 98 % 4s 1956 iv .... 83% Phil Co 6s ?-?er A 3 944 '1 -301% Plcrca Oil Ss! LUI 3 - 98 5 .... 98% P C C & S L 4%s ser B 1940 95% Port Ry Lt & Pow 7%s '45 1 ....107% 5s 1942 5 .... 87% 5 - 88% Prod g. Refin Corp 8s 3941 1 ....10? 1 2 With war ..105% . .105% 117% I 17 V* P S of N J 5s 1959 1 .... 88% 2 .... 88 Punta' ?lo 8g torn 7s 1937 1 -107% 5 -108 Reading gen <s 1997 16 4 1 ir, . .106% _106% -106% _106% -106% 2013 - 99 .... 90% _ 99 - 99% _ 99 - 99% _ 99 i, - 99% -99 Vi .... 9 9 % :::: .'.'8 _ 99% - 99% .... 99Vi .... 99% _ 99% 93% 4s 1934 4 _ 5 .... 3 _ con 4s 91% 93.% 91% 1998 3 _ 84 N Y Edison 1st 6%s ser A 1941 _ 1 ....111% N Y Gas E L H & Power 5s 1943 10 i 24 1 X Y N H 6s 1948 3 _ 1 _ 89% 99% 99% 99 H & H I960 Kan city Ter 4s 1960 20 .... 84% ,/'????? 84% Kelly-Sprlng fleld Tiro gold Ss 1941 1 -1 07 % Keolc & D M 6s 1923 ? - 93 Kings Co El 4s 1949 _ 1 - 79% J Kay3er 7s 1st mtg 1942 Interim rets 9 -106 ? 1 ... .105% Lack Steel 5s 1950 2 - 93% 1 - 93% 6s 1923 6 -100 2 ....100 Luke Shore 4s 1928 1 - 953?, 1 I - 95 Vi 4s 1931 10 -93% I-'-'hi-?h Val 6s ln?8 2 -104 Vi 1 ... .103% con 4'jai .003 10 _ 92V 83% _ 83 1 .... 83% n-c deb 4a 1955 1 - 67 4 ..C. 61 cvt deb 3%s 1956 2 _ 51 deb 3%B 1954 1 _ 51% 4s Cons Ry 1956 ?? ;'8 . N Y 'Tei 6s 1941 6 94 86% 86% 86 86% N J Read C 4s 1951 Rom Arma 6s 3 937 97% 97% 97% 1 .... 97 % 2 - 97% Rio Gr W 1st 4s 1939 3 .... 78% 7 - 79 21 - 79? 4 - 80 col 4s 1949 1 - 66% R I Ark & L 4%s 1934 3 83% Rog Brown ?r 7s 1942 1 - 95% St L Ir M & S 4s 1929 1 - 86% 8 -87 2 .... 88% 3 _ 87 5 - 87% 2 .... 87% 2 .... 87% 6 - 87% 4s Riv & Gif dlv 3933 < .... 86% S .... 87 St L & San F 4s s 11 . 25? . 1 . 4 . 6 . 6 . 1 . 6s s 2 . 1 . 10 1 . 1 ? 3 '.'49 l.C 10 107% ...106% 1 _107 N Y W A Bri 4%s 1946 I 2 _ 63% 11 _'64% 1 - 65% 1 .... 65 10 - 55% Niagara F P 6s 1932 2 -104% Niag Lkpt & Ont Power 6s 1932 1 _ 98% Norf So 6s ser A 1961 2 _ 69 Norf A 6s 1929 .. .121 .. .120 4s 1996 1960 ? 76% . 75% ? 76% . 76 : 75}* . 75 3 950 . 90 . 90 ? 89% . 90 1928 2 _3 01% 1 -101 1 -101% 1 -101% 1 ... .103% 5 Vis a 1) '46 3 .... 96% ; .... 96% ? .... 96% 1 - 96% 5 - 96% 106 i adj 6s 1955 106 % j' 14 _ 82 4 - 82% 10 - 82 1 .... 82% 6 - 82 12 _ 81 % 1 .... 82~ Ino 6s' I960 .106 .106% ! .106 I .106%; .io-.?v : i 9 2 V 25 . con 27 . _ 15 .... 92% Nor Am Edi ser A 6s '62 Inter Tts 70% 70% 70 H 70% 70% 70 Vi 7 OU 70% 70 69% 69% 70 69 % 09% cvjSt L swn cou 4s 1932 1 .... 78 Vi St L Swn Te. 6s 1952 1 - 80 Vi St P & Kan C Sh X. 4%s '41 Leh v 0f pa 4s 2003 1 .... 84% Liggett & m 6s 1951 8 - 99y, 2 -100 L & N 5%s s?*!* A 200-1 3 -105 "ni 4s 1940 3 9 .... 98% St L 3s 3 921 2 - 67 La Northwest R R 5s 1935 1 - 76% 5 .... 77 1 .... 76% 1 - 77 1 - 77 Manat? S Co 1st 7%? 3942 3 .... 98 1 .... 93% 1 - 98% Miigna Cop 7s 1932 8 -116 6 _116 1 ....117%? Manhat Ry 4s 1990 6 - 68 2 - 67 Mai ket en] Cs 1 .. 96% 96 95% 96 1 2 4 Nor _ 96 _ 95Tt O Tr A Lt 6s ser ,Y 1945 1 _ 95 Nor Pac ?is ser B 2017 8 _109% 6 ....109% 22 _103% 3 ....109% 8 _109%! 6 _109*'. I 1 -109% i rfg & im bsl ser C 1997 ! 3 _ 99% I 1 _ 99% 1 _ 99U 5 _ 99% 89% 89% 64U % St Ry 1994 94% 9 4 % 94% 1st con 5s 1924 9 - 90% 3 _ 89% 0 - 8'J-i t .... 90 _; 1 .... 91 2 .... 90% 3 - 91 2 - 91 Mariant! Oil Ss 1931 * 2 -104 with war 2 _122 5 _124 7%s Ber B 1936 1 ....112% 3 _112 Mes P of Del s f cvt 8s 1936 5 -105% 1 _105% Mldvale Steel 5a 1936 1 _90% 1 _ 89% Mil & N 1st 4%s 1924 5 .... 92% M & St L con Ss 1934 2 _81 4g 1997 3 - 1 - 3s 2047 2 _ Nor Sts Pwr 6s a B 1941 1 _102% 6s ?er A '41 1 _ 93% 6 _ 93 % .K" 1 - 94 Nwn Bel! Ta] 7s 1941 5 _107% H -107 V 1 ....107% Og & L Ch 4s 1948 1 - 74Vt Or & Cal Ut 5s 1927 2 _10014 9 _100% 10 _100% Or Ry Si Nav 4s 1946 85 San A A A P 4s 1943 1 -78 10 _ 77% Si ab Air Line on Ca 2946 11 .... 69% 2 -69% 1 _ 69% 1 .... 69% 70 69% 69% 69% 69% 69% 69% 70 69% 69% 69% 1 -69 rfg 4s 1959? 1 .... 44% 3 - 45 1 - 45% 2 _ 45% 25 _ 45 1 - 45% 4s 1950 stpd 1 _ 69 adj 5s 1955 2 _ 28 12 _28% 5 ? 1 10 I ^^^ Sharon St H 3st 8s ser A 1941 29 28% .100 .100% .100% .100% Sin'dalr Con ?""' 1925 cvt 88% Line 92% 93 92 U, 92% 93 92% 1946 _ 104% Or-W R R & N 4? 1961 6 _84 20 _ 82% 2 - 83% Otis Steel 8s 1931 2 ....100% Int r* 7%s ?ro Sh 4s 1929 2 _ 1 - 2 _ ?B - 26 - 5 gtd 4 5s Vf S 4 1 15 46 15 43 2 5 1 ser 36 1 2 2 S 17 ..106% . . .106% -.106% ...3 0?-:-* ...107 . . 107 H ...107% . .107% ...107% . .107% ..107% ...107% ..107% ...107% ...107% ...107% ...107% . . .108 ..107% ..107% . 1937 ...101% ...101% ..101% ..3C1% ..lOlfl ...102 e Recommend A diversified list of Bonds offered to investors through offices in more than fifty leading cities in the United States and Canada. Many of these Bonds are legal investments for Savings Banks and Trust Funds in New York, Massachusetts and Connecticut. STATE AND MUNICIPAL BONDS Income derived from the obligations of States, municipalities ?nd other political subdivisions in the United State? i* erempt from all Federal Income Taxes (both normal and surtaxes), and U collectible without certificate? of ownership. Maturities Approx- Yield % City of Buffalo, N .Y., Coupon 4^s.-.--, . Oct. 2, 1926-1952 3.80-3.85 City of Chicago, III, Coupon 4s.>...._ Jan. 1, 1924-1934 4.00-4.05 City of Camden, N. J., Coupon 4V2s...-.>... .t Sept. 1, 1939-1945 4.10 City of Des Moines, Iowa, Coupon 4Y2s... -.>........ Sept. 1, 1935 4.10 State of Missouri, Coupon 5s.-.....?.?-?.. .IMe?l Mar. 1, 1935 4.10 City of Detroit, Mich., Coupon 4^8........-?-?..>,* June 1, 1942-1952 4.125 State of South Dakota, Coupon 4^s..-.-.aui.<? ?..:* Jan. 1, 1931 4.30 City of Warren, Ohio, Coupon 5V?s.....>:_>-... Oct. 2, 1925-1932 4.40 City of Fort Worth, Texas, Coupon 5s..?.._...?._?, July 1, 1940-1962 4.40-4.45 Mecklenburg County, North Carolina, Coupon 4^s.. June 1, 1937-1948 4.50 El Paso County, Texas, Coupon 4Y2s. .....?..>?..>;? Dec. 1, 1956, opt. 1926 4.60 CANADIAN GOVERNMENT, PROVINCIAL AND MUNICIPAL BONDS Dominion of Canada, Gold Coupon 5s............-.?..? May 1, 1952. opt.1942 5.05 Province of Ontario, Gold Coupon 5s. .i.^^.:......... Apr. 1, 1952 5.05 Province of Alberta, Gold Coupon 5s. ^ Sept. 15, 1942 5.08 Greater Winnipeg Water Dist., Gold Coupon 5s... <.T May 1, 1952 5.10 Province of Alberta, Gold Coupon SYzS.... .>?-. .. .t July 1, 1927 5.25 RAILROAD AND INDUSTRIAL BONDS Southern Pacific R.R., First Refunding 4s. .>-.w-~-*~>wm Jan. 1, 1955 4.55 New York Central R.R., Refunding & Improvement 5s. .s?.-?* Oct. 1. 2013 5.03 Kansas City Southern Ry., Refunding.& Improvement 5s..:.i.? Apr. 1, 1950 5.40 Sinclair Pipe Line Co., Sinking Fund Es....... ,t#m3M O?t. 1, 1942 5.40 Northern Pacific Rwy. Co., Refunding & Improvement 6s..._? July 1, 2047 5.45 St. Louis, Iron Mt. & Southern Ry. River & Gulf Div., 1st 4s., May 1, 1933 5.60 Crown Cork & Seal Co., First Mortgage Sinking Fund 6s. .;?>,?: Aug. 1, 1942 6.30 Sugar Estates of Oriente, Inc., First Mortgage 7s. .^^.?^?^??: Sept. 1, 1942 7.10 FOREIGN GOVERNMENT BONDS & SHORT TERM NOTES Sinclair Crude Oil Purchasing Co., SYz***w^t&^~w-+*m?.*4 Apr. 15, 1925 5.90 Kingdom of Denmark, External 6s.-..?.-~...aan.'w?-.:?i Jan. 1, 1942 6.10 Gov't of the Argentine Nation, 7% Treasury Notes, .^?-.m..^ Oct. 1, 1923 6.20 Japanese Government, 4% Sterling Loan.. ....^.^:??>-.?.-?...* Jan. 1, 1931 6.50 PUBLIC UTILITY BONDS Utah Light & Traction, First Refunding 5s, Series A'..?^?.^ Oct. 1,1944 5.60 Detroit City Gas Co., First Mortgage 6s, Series A....?,.-.*?:*.: July I, 1947 5.80 New York Steam Corporation, First Mortgage 6s, Series A ...-?.?? May 1, 1947 6.10 Portland Ry. Lt. & Pr. Co., 1st Lien & Ref. 6s, Series B.. ..3 May 1. 1947 6.20 Offered subject to prior sale and change in price. Complete information regarding any of these issues will be. sent upon requesk The National City Company Main Office: National City Bank Building, Hew York Uptown Office: National City Bulletin**, 42nd St. at MadUatm At?. O?ces in mors than 50 cities in the United States and Canada 1 _101% 1 _102 1.101% 1 _102 6 _101% 6 _102 4 _101% Sin Cr O P 6%S '25 H A 4 - 99% So Pacific col 4a 1949 6 - 88% cv 4a 1929 18 rfg 41 92% 1965 . 90% .., _ 90% 3 _ 91 2 _ 90% 1 _ 90% 1 _ 90 Southern Ry gn 6 Vi s 1931 11 _103% 1 _103% _103% ....103% 1994 6a sr A 1942 3 ....100% 2 -100% 1 -101 2 -160% 5 -100 l'nlon El L & P l?f Si '32 10 _ 97^ Union Pacific 4s 1947 93% 2 ?i-t cv 4s 10 ,. . 93% . 94 ? 93% .. 93% 1927 97% 97% 9 7 Vi 1947 98% 98 Vi 98% 98% 98% 08% 5 1 . 58 5 _ 2 - 2 - 3 - 4s 1968 1 - 10 - 99 98% 99 98% 70% 71 _ 71% 10 .... 71% 6 - 71 4 .... 71% 8 .... 71% 19 - 71% 2 .... 71% 2 .... 71% 1 .... 71% 1 .... 71% 4s 1951 St Louis dlv 1 .... 71% So P Rico Su of N J 7s '41 1 ....101% 2 -1,02 Stan O Cal 7s 1931 2 _106 3 _105% 1 _106 Steel A Tube 7s 1951 6 _102% Te* & P 1st 5s 2000 ? _100% 1 _ 89 1 _100% Third Av rrg 4s I960 4 _ 2 - adj S 12 12 _ Tidewater OU 6%s 1931 2 _103% Toi Tr L & P 6s 1926 2 - 99% Un Bg & Pap 5 ... 145 ... rfg 4s 2 ... Un 7s sr 2 _ 2 _ i _ i _ i _ 6s 1923 1 -100% 5 _100% 5 ....100% Virginian Ry 6s 1962 1 .... 98% Va Ry & Pw 6s 1934 3 - 86% Wabash 1st 6s 1939 7 .... 9fr% Warner S Ref 1st 7s 1941 0 -3 02% 1 .... 102 Vi West Elec 5s 1922 1 _100 West Pacific i 194% 96% 95% 9?% 2008 - 88% Tank Cal? is 1930 1 -103% 1 ....103% 1 -103% Untd Drug 8s 1941 2 ....110% 1 -110 .1 -110% U S Hoffman Mach 8s tern 1941 _ 1 -104% ?West Shore U S Real & I 4s 2361 6s 1924 5 _ 84 !12 _ 98% 2 _ 84 Vi 5 .... 98%IWostn Pnlon 5 .98 6%s 1936 2 - 98%! 1 -110% 1 .... 98% 1 ....110% 3 - 88% 1 ....111 U S Rubber ,Westgh Eleo 7%s 1930 I 7? 1931 85% 85% 85% ______ 107' 5 -103 6s 1947 89% 89% 89% 89% 89% 1 4 1 VVh .108 . .307% ..108 ..107% L E 4 Vis 1966 .1 _ 68 3 _ 68 % 89% ?Wick Sp Steel 89%1 1st 7a 1935 89%| 1 _ 99 ?7% . 67 1960 . 63% . 63% 63 WilVs & East 5s 1942 5 _ 68 Wilson Co 7%s 1931 .106% .... 89% U S Smelting 6s 1926 3 -101% ?U S Steel s f 5s 1963 1 ....103% 4 -103 Utah Pw & L 5s 1944 1 . 93% Va-Car Chem 7%? 1932 2 -105 7%?v"37 s A 1 .,'..90 , - .-. with war Wlnchestr Rp ..107 ..107 . .lOrt'i .106% 1st 6a 1941 ..101% _101 ....101% 6s 1928 98% Arms 7%s '41 1 ....102% 8 _103 JWI? C S & Du 97%! 4? 1936 97% 1 .... 82% 97% 97% 97% Te figura the precian yield on a bond lt to necesMry to uso yield tablee but the approximate yield can roughly be figured out by the following formula: Divld? the CT?M'H,''iiiii.isa.ii_iiii?ma?-i.m.mim.t?umaaaaw?aamnamm^maa??naw?awaaaaaawsasaammaaaaaa?M,.M.mHfmwamaaamaaaaaammna?amaanatam?aaaaaa?mmiaajmma, Personal Service for Correspondents SUPPLEMENTING the varied facilities o? our sev? eral departments and the long experience requisite to the handling of correspondent accounts, is the distinct personal service which is rendered to out-of-town Banks and Trust Companies by the officers of this Company. Members of the American Bankers Association desiring to establish connections in New York City are invited to write us for details. Interest Credited Each Month op Daily Balances Fifty-five Cedar Street Broadway at 73rd St. Madison Ave. at 74th St. 125th Street at 8th Ave. UNITED STATES MORTGAGE & TRUST COMPANY '_____:_ i i i : r-1?-r closlni' Quotation on a bond Into the rate, of thfc-.annua! return. If the bond Is aeUlng Below par you must allow aleo for the appreciation of tho principal. To do thl? 1 subtract th?? market quotation from par, fore maturity. For example, if a 8 per cent bond Is selling at 90 and has ten years to run, the annual return will be 6.86 per cent. Tho difference oetween par and the market price will be 10 points, sub? tracting 90 from 100. Dividing 10 points by ten years the quotation will be 1. Thl? figuro la to be added to 6.666, which is the annual return, and the result. 7.68 per cent, will *rlve you the approximate yield. i Paris Market Finrn PARIS, Oct. ?.?PricesJwerc firm on the Bourse to-day. Three per cent rentes, 59 francs 60 centimes; exchange on London, 68 francs 1 centimes; 5 per cent loan, 77 francs 45 centimes. The dollar was quoted at 13 francs 9% centimes. ? >?? London Market Firm LONDON, Oct 5.?Prices were firm on the Stock Exchange to-day. Bar gold was quoted at 93s Id; money was loaned at 1% per cent. Discount rates were: Short bills, 2H per cent; three month, bills, 2^02 7-16 per cent. Consols for money were loaned M 57, British 5 per cent loan at 100?. and British 4V4 per cent loan at 96%. Closing stock quotations were: Atrhison.104*4 B & O . 5??4 Cana-lian Pac. 1*6\ C & O. 7SV. Chg Ort Wstn. 7 St Paul . 3?H Dnv Se. Rio O... % lCri?-. 18% do 1st pf. 24% Grand Trk. % 111 Cntl .113% Louisville.137 12 66-? i...llt>? .... n\L 1... 4?H M K & t? r Cntl N'orf * W.tn Ont A Wstn Pennsylvania Beaainjt.75 % Sou Ry-. ".'5% Sou Pao. 9S% Union Pao .150*4 U g Steel.,102% De Beers. \\~ llar.? Minea 1*