Pierce Oil Co., 5-Yr. Conv. 6s, due 1920...
Pittsburgh, Cincinnati, Chicago & St. Louis Ry. Co.,
Consolidated Mtge. Gold-due 50 yrs. after date.

Pittsburgh, Cleveland & Toledo Railroad, First
Mtge. Gold 6s, due October 1, 1922......
Pittsburgh, Virginia & Charleston Ry. Co., First
Mtge. Gold 4s, due November 1, 1943........
Portland Gas & Coke Co., First & Refunding Mtge.
Gold 5s, due January 1, 1940....
Portland General Electric Co., First Mtge. Gold 5s,
due July 1, 1935....
Portland Railway Co. (Ore.), First & Refunding
Mtge. S. F. Gold 5s, due November 1, 1930..
Portland Railway, Light & Power Co. (Ore.),
First & Refunding Mtge. S. F. Gold 5s, due
February 1, 1942...

......

Princeton & North Western Railway Co., First
Mtge. Gold 31⁄2s, due January 1, 1926....
Providence Securities Co., Gold Debenture 4s, due
May 1, 1957.....

Providence Terminal Co., First Mtge. Gold 4s, due
March 1, 1956....

Public Service Corp. of N. J., Gen. Mtge. S. F.
Gold 5s, due October 1, 1959...

......

Puget Sound Traction, Light & Power Co., 7s, due
June 1, 1921...

Reading Company Central R. R. of N. J., Coll.
4s, due April 1, 1951....

Reading Co. & The Philadelphia & Reading (Pa.),
Coal & Iron Co., General Mtge. Gold 4s, due
January 1, 1997...

Rensselaer & Saratoga Railroad Co., First Mtge.
Consolidated 7s, due May 1, 1921....
Republic Iron & Steel Co., Sinking Fund Mtge.
Gold 5s, due April 1, 1940..

Richmond & Mecklenburg Railroad Co., First Mtge.
Gold 4s, due November 1, 1948.....
Rio Grande Western Railway Co., First Trust Mtge.
Gold 4s, due July 1939...

Rio Grande Western Railway Co. (Utah), First
Consolidated Mtge. Gold 4s, due April 1, 1949.
Rochester Railway & Light Co., Consolidated Mtge.
Gold 5s, due July 1, 1954.

Rockland Light & Power Co. (N. Y.), First Mtge.
Gold 5s, due November 1, 1938.....
Russian Government External 51⁄2s, due December
1, 1921

St. Louis County Gas Co., First Mtge. Gold 5s, due
April 1, 1951.....

St. Louis, Iron Mountain & Southern Ry. Co., River
& Gulf Divisions, First Mtge. Gold 4s, due May
1, 1933 ..

St. Louis, Peoria & North Western Ry. Co., First
Guaranteed Mtge. Gold 5s, due July 1, 1948.. 94
St. Louis-San Francisco Ry. Co., Genl. Gold 5s,
due 1931

St. Louis-San Francisco Ry. Co., Prior Lien Mtge.
Gold (Series "A" 4s), due July 1, 1950...
(Series "B" 5s)..

99

9514

962

6314

785%

**

70

8934

93

St. Louis, Springfield & Peoria R. R., First & Re-
funding Mtge. Gold 5s, due December 1, 1939..
St. Paul, Minneapolis & Manitoba Ry. Co., Consoli-
dated Mtge. Gold 6s, due July 1, 1933.....
St. Paul, Minneapolis & Manitoba Ry. Co., Montana
Extension First Mtge. Gold 4s, due June 1, 1937 87%
St. Paul, Minneapolis & Manitoba Ry. Co., Pacific
Extension Mtge. Sterling 4s, due July 1, 1940..
Salmon River Power Co., First Mtge. Gold 5s, due
August 1, 1952......

888

762

Salt Lake & Ogden Railway Co. (Utah), First Mtge.
Gold 5s, due February 1, 1934....

San Antonio Gas & Electric Co., First Mtge. Gold 5s, due September 1, 1949. . . . . .

San Diego Consolidated Gas & Electric Co., First
Mtge. Gold 5s, due March 1, 1939..

San Francisco Gas & Electric Co., General Mtge.
S. F. Gold 42s, dut November 1, 1933...
Schenectady Railway Co. (N. Y.), First Mtge. Gold
5s (Series "A"), due March 1, 1946...

Scioto Valley Traction Co. (Ohio), First Mtge. Gold
5s, due September 1, 1923....
Scranton Electric Co., 1st & Refunding Mtge. Gold
5s, due July 1, 1937..

Scranton & Wilkes-Barre Traction Corp., First Re-
funding Mtge. S. F. Gold 5s, due August 1, 1951
Seaboard Air Line Railway Co., Gold 4s, due 1950..
Seaboard Air Line Railway Co., Atlanta-Birming-
ham First Mtge. Gold 4s, due May 1, 1933....
Seaboard Air Line Railway Co., Adjustment Mtge.
Gold 5s, due October 1, 1949..
Seaboard Air Line Ry. Co., Refunding Mtge. Gold
4s, due October 1, 1959...

Seattle Electric Co., Consolidated & Refunding
Mtge. Gold 5s, due August 1, 1929..

Southern Pacific Company, Central Pacific Stock
Collateral Mtge. Gold 4s, due August 1, 1949... 8214
Southern Pacific Company, San Francisco Terminal
First Mtge. Gold 4s, due April 1, 1950.....
Southern Pacific Company, Central Pacific Col-
lateral Gold 4s, due August 1, 1949..

834

80

81%

78

784

Southern Pacific R. R., First Refunding Mtge. Gold 4s, due January 1, 1955. . . . . .

Southern Power Co., First Mtge. Gold 5s, due March 1, 1930

......

.......

......

Bid Asked

92 9414

73

75%

704

Southern Railway Co., "East Tennessee" Reorgani-
zation Gold 5s, due September 1, 1938...
Southern Railway Co., Mobile & Ohio Collateral
Gold 4s, due September 1, 1938...
Southern Railway Co. (Va.), St. Louis Division
First Mtge. Gold 4s, due January 1, 1951...... 73%
Southern Railway Co., Development & General
Mtge. Gold 4s, Series "A", due April 1, 1956... 68% *
Southern Railway Co., First Consolidated Mtge.
Gold 5s, due July 1, 1994....
Southern Railway Co., Memphis Division Second
Mtge. Gold 5s, due October 1, 1996..
Southwestern Gas & Electric Co., First & Refund-
ing Mtge. 5s, due October 1, 1932...
Spokane & Inland Empire R. R. Co. (Wash.), First
& Refunding Mtge. Gold 5s, due May 1, 1926.. 65
Springfield Gas Light Co., Gold 6% Notes, due
December 1, 1922...

Standard Gas & Electric Co. (Del.), Convertible
S. F. Gold 6s, due December 1, 1926..
Standard Milling Co., First Mtge. Gold 5s, due
November 1, 1930...

96

88

93

79

84

70

Syracuse Gas Co., First Mtge. Gold 5s, due January 1, 1946.

Syracuse Light & Power Co., S. F. 5s, due 1954...
Syracuse Rapid Transit Ry. Co., First Mtge. Gold

5s, due March 1, 1946..

Swift & Co., First Mtge. S. F. 5s, due July 1, 1944..
Tennessee Coal Iron & R. R. Co., General Mtge. 5s,
due July 1, 1951......

Terminal R. R. Association of St. Louis, First Mtge.
Gold 42s, due 1939...

Terminal R. R. Association of St. Louis, General
Refunding Gold 4s, due 1953.....
Texas Company, Convertible Gold 6% Debentures,
due January 1, 1931.........

Texas Electric Railway, Convertible Gold 6% De-
bentures, due January 1, 1942...

Texas Electric Railway (Tex.), First & Refunding
Mtge. Gold 5s, due January 1, 1947..
Texas & Pacific Ry. Co., First Mtge. Gold 5s, due
2000

Texas Power & Light Co. (Texas), Secured 6% Gold
Notes, due September 1, 1919..

Texas Power & Light Co., First Mtge. Gold 5s,
due June 1, 1937..

Third Avenue Railway Co., Adjustment Mtge. In-
come Gold 5s, due January 1, 1960....
Third Avenue Railway Co., First Refunding 4s,
due 1960

....

Toledo Traction, Light & Power Co., First Lien
Gold 7s, due January 1, 1920...

Tri-City Railway & Light Co., First Mtge. 5s, due
1923

Troy City Railway Co., First Consolidated Mtge.
Gold 5s, due October 1, 1942...

Ulster & Delaware R. R. Co., First Rfdg. Gold 4s,
due 1952

Ulster & Delaware Railroad Co., First Consolidated
Mtge. Gold 5s, due June 1, 1928..

Union Bag & Paper Co., First Mtge. Gold 5s, due
July 1, 1930..

Union Electric Light & Power Co., First Mtge. Gold
5s, due September 1, 1932....
Union Electric Light & Power Co. (Mo.), Refund-

.....

88

93%

89

ing & Extension Mtge. Gold 5s, due May 1, 1933 87 Union Oil Co. of California, First Mtge. 5s, due 1931 93 Union Pacific Railroad Co., Convertible Gold 4s, due July 1, 1927....

888

832

Union Pacific Railroad Co., First Mtge. Railroad
& Land Grant Gold 4s, due July 1, 1947......
Union Pacific Railroad Co., First Lien & Refund-
ing Mtge. Gold 4s, due June 1, 2008....
Union Pacific R. R. Co., 10-Yr. Secured 6s, due 1928 104%
Union Pacific R. R. Co., Oregon Short Line Ry.
First Mtge. Gold 6s, due 1922.......
United Electric Light & Power Co. of Baltimore,
First Con. Mtge. Gold 42s, due May, 1929...
United Fruit Co., Debenture S. F. Gold 42s, due
1925

......

United Fuel Gas Co., First Mtge. S. F. Gold 6s,
Series "A", due January 1, 1936.....

United Kingdom of Great Britain & Ireland:
Secured 51⁄2s, due November 1, 1919...

Secured 528, due November 1, 1921.

101

103

90

100

****

886

Secured Convertible 51⁄2s, due February 1, 1919 101%
Secured Convertible 51⁄2s, due February 1, 1937 1014

United Railways Company, of St. Louis, First Gen-
eral Mtge. Gold 4s, due July 1, 1934..