Hartford Courant from Hartford, Connecticut • 23

THE HARTFORD DAILY COURANT: FRIDAY, JANUARY 22, 1M0. Demand for Semi-Speculative Rail Obligations Stimulates Prices Merger Reports Also Assisting Bales Sales HllCh High Sale Sale Aust OGIj 7 High nmti 60 1 09 67 ,.103 9S 99 47 11 Chin Uli 4 Keig 3 jbmg- A IS toeri.n 1 Bordux security 97 lot Providence W-iltliiBtmn 450 Kt 1 40 Ill 9426 Htuyvxaant 110 t'nited tiiate ,,..,.356 rnltel ntstea 8 Pld liuar 216 5711 I Tltl- tluj 330 II Gliaranly 250 Wealchrater 46 48 67 rat 4 10 Tel il 1 7 (4 Tor U1B 4 I L'll Pa 4 1 1u 1 4 6 iMrv I 4 dJ rrf 4 1 1 r' ijas 4 BOND TRADE EXPANDS AID PRICES ADVANCE It a uu Air 614 68 Low 104 97 103 93 94 115 86 96 t3 93 106 96 100 104 110 131 ,101 20 AC LM1N 4.. l-t 2 At tut I 6 31 HJ 3 uo '96 49 6 40 i 44 'lu 4 B4tJ f1 'ii uy 4 PLai et'j 4 to.iua Crp 6 43 Bui Hem. i 1 He x. i lolfe.

17a vel 1' t'a 6 ..101 licUl Stl 6 AH! i Belli SU 6 91 1 Bean at 1 do i '36 95 6 Booth Klsn 6.. 9J BOSTON MARKET. Close 69 109 87 10.1 93 99 67 10IH 107 91 1 0(1 '4 10.1 87 100 108 107 41 9S 101 99 96 104 I "5 100 99 14 100 Low 69 M9S 87 103 8J 89 87 107 98 10 1M 87 95 100 108 1(1 IH, 91 95 101 996, 8 1U6 106 100 89 loo l6inillird by Adams, Merrill Boston, Jan. 11, 1926. 6 ....104 8 folio 4 .,97 2 ted l.i 4 1 1j '64 93 Fed 1.

a i 84 Hk hull 8 ..116, 3 6 71 99 6 Pi 4 96 4 6'ou Jfti 4 1, 83 6 Gal 6 93 1 Utu Aa '33 lut 1 tit 1c Ala 5 96 1 tii A Nor 6 ..10 27 Good 6 6 105 6 Hj Tan 8 'Si nu 8 do .41 121 8 Gold Cou 6 '40 92 22 limn Lllssl' 7103 8 Ky can 7 115 5 Guy i II 142 tH 7 A ..111 7 du a'-s ..03 47 du 5 9 1 do 91 3 Gult Is 6 ..104 3 Hav Kiev 4 94 13 Hel Cnoc oli ..100 2 Hoe It Co 6 99 93 II adS: 6 94 63 iln ad In 6 79 Low 66 10d 104 9a 99 95 91 90 5 10a lou 101 101 97 no 97 95 i -it 91 101 7J 71 94 63 90 88 87 92 100 104 Telephone Ntocke Sales High 25 NY Ml II la a du vol tr lis 99 to do dli 4s 61 19 Nl Hy Inc 6s. 8 NYMW 6a 67 6 Hid ik 6a)10s 4 NY Tel 6a 110 4 NY WAHa 41, 11 ID NUtl 1'ir 99 8V4 oNrr So 6a 60 4 Noll ts. H5 7 do von 4 I Am C'in 99 4 Am Vdsn 106 3 do at 6a 103 4 Olilo Til. 4a 95 15 Nlr I'aa ,..109 1 do 99 7 do 6a 99 5 do (r In 4 87 1 do gun 8s 1 St Pow 6s. Mi's i do 5s A 9S04 1 4hlo Pb Svu ls.1 li 1 Ont l'NI'' 6s 100 2 lire Cat 6s.

100 10 Oia Kh I. ts 105 66 tire 111 1, 4.4 ..97 8i -V ll 1146 4a 84 6 (Ills Stl 6 U'6 1 2 Pau liAE! ia 9S 7 Pae VAl 6s ine I Pas T4T 6s .101 41 do rf 6 '57. 99 9 Pan-Am PATrlOi 49 do 6a in? Construed As This Market's Construction of Credit Situation. 6 carls Csech lu3 I fj ennst us It 0 c'opiign Ms us Fr 6614 1 34 1 Marsl 6 Mont 7 7 it Oslo. 8 7t Alg 8 lilt 4J Jan 8...

IS 1 do 8 '47 V8V 14 Rotrdm 6. .1041 1 Solsn 8 8 4 3 Toklo 67 4 Zrch 8 10 7 v4 80 Com Austr 8.. 7H 11 Czecho Hp 8 do -8 'iS 8 Csecho Bp 1V4 18 Dsn Mun 16 Dan Mun 11 gein Fr 1 68 Rid 4 6 9i New Kngland 115 Mlsrellnnetiaa MltH'ka. Brier Hill loi Asktd 114 64 B7th av i 7J Clusa lirfi 106 Uttt, 99 96 1 91 V6 105 lOuS loin 101 97 80 va 97 95 93 9a 101 73 71 101 94 63 90 68 97 93 10u 104 9 115 117 94 81 10J14 98 108 102 102 101 08 99 Cloat 104 91 103 93 94 116 99 96 h3 93 1O0 96 1001, 105 110 131 9S 113 116 98 111 103 99 94 104 94 100 99 64 1S 102 101 12 103 92 92 85 55 83 8314 62 10 94 60 66 64 Vi Colony .114 i Yerniuut 4b Maa 100 lot stocks. Adi'entura 8 5 Aigoniah 10 21 85 Aria I oinnserel.il II 1 Hliitrltam Minca 61 .1: Otllniet 4k Ails 58 50 Calumet a Ha.

la 14 1 1 Carson Hill 40 51' Cwfi Ksnss Cons 1.8 18. Pails lialv i Kaat nulla 3 I 1 1'. Hancock 80 I'i Medley Hold )- 19 4' Helvetia 1 Indiama 35 Island Creek 15(1 15! Isle Royal 11 Keweenaw 60 Lake Cupper 1 i'i In Sd 1 64iui. Consnl 6" 7.1 Ms son Valley 1 Mcvi.nwvr vtld Colony 1 'I'i; Mohawk 31 Kniieila 20 V'ew 1 1 to "i New Illver (.. 11.4 81'4 Kllitaalna 0 i's.

Norm Hutta 6 N.irlll Hut la 3 North Lake 16 fljlhway 60 SI Old dominion 17 1 19 1 9 1 Ren a iu Bhannon .65 Kl Kt. 6iatv'a Land ...33 r.5 1 Suo ft Boston 60 51 1'tali Aisaa 7 7'' tnt Melala 75 5 Victoria 40 60 W.non .80 Wyandolta 6 7V44 30 107 S18 du 6 91 11 li Ml 6 ..106 4 l' Kl Real 4 ..104 8 I tan I. I'i 6.. 67 13 PJl.t 6 I 1'tale 6. 0 14 I'I I'd 7 '47108 17 di 7 lid 107 7 VI rC 6 91 6 Vs 1' 8 ..94 II V.r llwny ..101 41 rl 6 '75 106 IB War till 7 39 63 J4 tin 7 '41 ..96 awt p7 i io 1 J( 5 I ndo 6 A ..100 III do 6 '61 99'4 IS Wesl KI 6 ..100 I Mn 4 68 I 4 ..101 41 w.t tin 6 .,112 I 1 1 rnl 0 I 1 4 do 4 94 1 M( 7 108 Wtit shore 4 81 1 Pr tit 7 "0 4 IV (UK 16 611 Clo K'a 47 10.

6 9t. 101 1101. Hi-Si i') 97 1U014 98 9 91 lOPi 81 67 1117 97 101 lot. 97 111 1U 8 90 10i 101 14 lut 10414 1031, 861. 91 91 90 101 118 8s 10 91 86 100 5' SI 18 19 16 Close ok si 8314 67 V.

1 118 14 18 nil 9v. 80 15-i 90 4 99 1034 i l4 li 69 OK 67 0: 1 16 88 110 illil-l 10144 105(4 97 44 1('Si 9V4 I lie Ml -i 99'-i lm. K. luS's III1; I'm 100 S0-i 101 101 1' 101 '3 1 0 is I'd iij cun 14 BKl Ell I A 03 37B-M BT 4 94 3 QiS 3 4 Bki UB Hilt It 4 88 1 Bush Bid' 3 uquoq a 9- I Cat Gt 6 100 It! I'm Wt ....104 BRISK RISE IN ST. LOUIS-FRISCO ss 3 Do ni Ki 1.11 101 111 115 Jl numb iWtli 5 102 1" 'J ..101 Am Ptieu C'Oin do AtUKskcii do 8.1 .4 Al I ie Atlaa Tack Bea'-cn BnMon IVt.

Kdla.m Kl-c 111 67hjsI Host.in lllld EUtcr win (: ern 61 fa l-'o Ktirn ttrientlclft 41 l. Intt lluttoiihola Int Cement cum Iiltl l't od fill Merg 8iclcan Sitl lallie: latlifr N. K. mi Pacltic 64111 11 1 9 1 Cam kuk 7 9t4i 92 103 116 99 111 103 98 94 104 94 100 99 94 78 102 101 112 103 92 9i t.5 85 83 83 82 100 95 415 4.51 64 84 73 86 111 111 do (u 2 1 4 1 81 11 6S 10 Oil Liens Give Good Demonstration of Group Strength. do if 4 do 4 '51 do 4 il do 4 'ii cto 3 1' 2 94 10" 84 10 US 89 66 66 81 6 101 .103 .103 .164 864i 114 14 .103 8Vl 6 103 93 92 5 65 83 83 82 .101 6 can 8 43 da 8 63 do I '52 Dut EInd 6 I do 6 '47 do 6(4 Mar Elc PCS 66 Kin Mun 6V4 II do 6 '4 11 7 Pram ILiv 714.

48 Kr Rep 8 47 Kr Rep 71,.. II Fr Kep 7 62 Grm -CAB 7 189 Grm EL, 7 S5 Uim GE 7 9 lOS'i 64 14 99 87 64 103 31 Wll I'll I I ..100 do 08 4 87 84 61 6 SI gi So 4 Wis lull 4 i itn 4 pan 10 4(9 4 55 13 67 30 310 10 4 30 44 ll 144 1 15 68 9 IS 44 2Slj 1S 3. 1 Ji 44 2 do 3 11 1. 0Sil.VN I Can Nor ....115 do deb 16 117 4 4 96 60 Can Pa 4 1 1 Can So i ..103 4 Can Nt Ky 4 9 1 Cai 6 1 Uo 6 li'' 1 Car Ad 4 60 Con Ga i ..,.109 7 en Lea 6 3 feu NE3 4 08 66 Cm Pa 0 9 6 d. 11 90 46 CV da 11 4 93 3 do t-v 4 98 4 24 45 .0 14 1 Vouna Bf 4., 10 Low 11 61 SS 7 ion 1 OS th 71 9 80 155 0 98 li 103 1119 a 89 67 106 9S 110 1 00 1(10 105 97 81 1(10 st 100 1 II I 91 ins 107 111 100 100 i 811 39 101 104 lo; 101 I I'll ii( m4 9 a 11.9 I0i 1 1 101 ld 05 00 KS 97 68 77 113 104 80 71 1 OO Dti l) 6 1 II" 711 HU SH 6 9: ks 87 05 (Keeenltjr IJlwl ISO 6 160 6 NVC S4j '5 81 Toll a 87 7 91 90 7.

1 IV (l 14 91 1 Gt Cn EP 80 Grk 7 7 Ind BJap 7 111 Ht .1 4H. 9S 10 lilt 8'1'r l. 66 20 do rfic 65 L'O do ret ma 64 1 lnt Agr 64 27 Int. (It 73 7 lnt Mer 6i. 66 167 lnt Is.

68 66 do cm is 95 9 661 l.ll lleUIK lteece tiuiionii" Rcece r'cid na Mach Simiiis Mnaneto Toriltigton em Vnlon Twlat Mrlll Hlioe Mnch do 1.1.1 Wiihl.irf Bsstem Walthain Watdl i nlworlli IVarten Hroa 6. 88 Jap Gvt 80 Jo Gvt 4 llnr Sllvrr, New Tork. Jan. 51. (Aaaoclutedj: Preaa.) r.ar allver 67; Mexican lara (it J-8.

I Bond Market Avtriiri. Thurs. Wed. 10 First grade, rail 90.97 90.86 10 Secondary rails 92.62 92.31 10 Public utilities 92.TT 92.78 10 Industrials 99.40 99.36 Combined average 93.92 93.8a Combined month ago 93.16 Combined year ao 91.06 Total bond sales 114.338,000. a 46 16 58 45 4 7 ('to a KB 4..

87 61 1 C.l 4t Al 4 Low Ul ID. 1011 llUi iVs Sot 14 V4 S4 67 10 PA 87 101 loo 97 111 111 6814 S6-. 100' 103H 1044 1041 103 'i S6 9014 0 H01, 101 98 101 1 ti Sl4 t4 93', 8314 84 Vi 107 103i 6i 93 80I4 105 108 '4 1C414 101 101 10114 9314 1014 102 8714 32 9514 6014 86 84 76 101 9IT-4 941.4 1084 1014 J0014 100 100 90 100 4 ST14 so 96 4 101'i 102i ill, 6H 94 94'4 10H 99 103S 317 103H 11S14 104H 302 0 26 59 Total aalea 814,318. 00 anainat 91 1,232, Ooa pr-vlnn day. 6l3.874.oOO a waeli 810, 435.

of. a enr ago. and 6t4.ISO.noo two yeaiMi Prom January 1 to dnt 8168.481.01'n "Rili'st 1:36.633,000 a year 880. and two veara ago. N.

Y. BANK AND INS. CO. ....110 B6i4 94 87 26 Uo 8 3 Bel; 8 13 Belg Tt 3k Belg 7 13 Belg Vi 33 Ml 6 IS Dcmk 6 6 I'enen PI? 7a tS'6 6 do 7a 1930 113 11 (to ia 1961 ..100 16 do con 4 mo 6 do gen 96 i 1 do 4s 101 92's 1 PootVKsl 4s 80 16 do Inc 4s 30 Vera Ma.q Is. 101 8 Phila Co 6s.

1114 1 l'h Co i ..102 4 Ph-lleod 2 Phil liy 4 4- 4 llfrce Ar 4 T', 'Stl. .01 1 Pott 6 '47 t8 8 Pora 11 It 5 '30 93 7 I'll I.P 1 6 100 6 do 6 '41 69 4 Pr Si car 5.. 9 7 1.1 Pr 6 I 8 8.. 1 01 wo rf' 65'- 3 d-. 6 101 A Kll 7 .10 12 Read gen 4 9.

4 8 ll-G Kit NJ 6 90 81 Ram Arm 6 A si 1 Rep 514 93 8 du 6 '40 07 11 Rio Gt Jun. i 0 lilu lit 1 I 65 t7 do nil .1.. 7 4 Uo GSB 7 '46 113 8 do 6 '48 ,...16 26 II 4 96 3 lto Br Ir 7 .1 i StUMAS i ..100 103 24 Hungry 7 54 6 A Uu ken 4 do 3 111 du 111 con du 6 '41 (lu 1 6 Ch Gt West gen 6 13 79 48 46 6' ...103 ....92 64 6 106 75 ...101 4.. 5 ..104 93 ..104 108 7 a. atm do 6 '64 14 4 Norwy 6 ...101 V4 Ilallmail OtiK-ks.

Ilivlon 4lliv Hoslon K.cvated rtn 1st i.M Hdsiou Providence 1." 4 I1I0 Ju.nct Inn 4 onn ft I'assuintislc 6j Mclne Central 61 Nor nrt N. II Norwich Worcester 1926 hwrstmentSuggestions lnt lt A ii ..7. 535 lnt 5'3a .111 6 la L'i-n 1t is. 6:1 1 Kan A Mion 4s 15 KtsM 91 il Kan I'ai. 1 So is 9 4 1 do is: 5s 7S 10 4 66 10 Kel Sp 8s.

101 1 Lack St 6s ..97 11 -ar (I SM, 1 1st 5s 91 1 do 6 9S 1 LKSAM4 4S 9S 17 tio gold 4s 97 6 do gen lijj 79 Leh Val ll 103 6 1. Wnn 82 14 Lig Mytirs 173 5 1. 1 ref 4a ..65 6 triWaril Co 7S.M7 86 .4 64 63 (Furnished by Csmailnt Ikisiks ami Trust l4s. Anieilian N'al ...16 Hanker Trust Hank of "K0 flank of Miintiatian 34 Hslik of Tr 43J Hroolelyn Trust .......6 rential Union Tiust So t'lisse National ......684 63 dwo '66 CMStUP 6 do erf 9 do cv 6 du gen 4 du cv 4 do rtg 4 do it 4 du gen 4 da 4 '26 du 4 'Hi do db 4 '34 du 4 '34 New York. Jan.

21. (Associated Press.) Broadening activity and ruins prices characterised today's trading, which proved readily responsive to the ease of credit conditions and a number oC favorable reports affecting particularly the railroad Issues, The market was undisturbed by the erratic movements of stock prices, which ended the day substantially lower. From a speculative standpoint, the day's chief interest centered in the brisk rise of the St. Louis-San Francisco Issues based on indications that consolidation plans would take shape before the end of the week. Despite a reaction in the stock after its early sain, the bonds continued to attract several of them reaching new high levels.

The general revival of interest in lliatliam ft Pllenlx Cliemlrai National ....710 City National Cum Kxchana HnnH O'O Enultdlile Trust Co 77 1110 63 83 90 100 at 74 66. 104' 97 1113 96 98 98 91 76 102 62 123 65 116 100 87 1n 101 104 94 98 102 loo 102 60 98 90 91 99 99 90 103 69 10 3 98 SI J2 du ret 4 o-, rt, 4 ltu 16 ao 4 CMftFS 3:10 536 Rill (00 900 5S8 3'18 7 610 61" 794 50.1 281,0 377 4 90 317 64.1 4, in 371 515 Mill 7 sr. do 6 5 64 l.i 86 9 VI 94 77 lit 111 90 101 94 7 4 86 104 97 i OS1 9S'i, 91 97 79 101 82 11 114 85 117 100 81 101 104 94 9419 102 101 ID-IK 6l 94 lt0 94 99 99 90 103 6 'J Is 101 98 94 101 '4 67 91 101 ft 103 'A 90 87 97 85 68 100 isU 9 On Nor 7 I 0 14 67 .106 101 104 91 98 Btl.S9' ..10" 9:1 107 109 96 9714 87 95 109 104 101 101 101 96 104 103 "7 32 9f SO 84 76 101 9 94 106 14 108 101 100 100 90 106 97 89 9. 101 02 SSli 90 94 94 101 99 10: 102 117 10.1 118 105 103 90 39 4 4 do 6s 5 lJef Br 4s 3 U.u Nash 1i 2 rol is 6 da gold 5s 3 no unlf 4S 7 Loll 6s 1 MnhnnLniz CI cttiMl Farmera Loan 44 7'rust Plrel National Ijuarsnty Trnal Co .371 Hanover Natlosisl ......478 10 do 6 iy Guaranteed 90 61 63 6314 82 63 1 63 53 68 ..107 ..112 ..100 99 66 67 78 88 104 8 79 ..102 ..100 94 .101 63 ..107 334 do 4 A do 6 do 6 10 du ad 6 9b du in 4 SS" 114 4 4 76 608 102 II Mil 7 'iS. 101 VaVO 8 Norwy 6 11 Norwy 8 ..101 16 Norwy tii 6 61 Bb CS 8 83 8 Swed 6 ....104 8 Swdn i'i 8 I.w As Hyd 6Va 87 10 Mx Irs- 4,4...

32 13 Mrtg Bk CI St'', 13 Nrd Ry 614. 80, Ornt Dev Lt 6.. 864 16 Prs ryn 7 84 33 Prs Lyn 6 764 8 Putlst Ry 7.... 101 74 Prv Cordb 7 8614 67 Bollv 8 44 33 R. Chil 8 ....10 4 Rep Chil 8 10114 7 Rp Chil 7 ctf .101 Cub 6 Cur- 'J4 ..100 6 do Cub 0 4 KISal 8 ....106 SS Finld 7 FinM 6 89 i I Halt 6 8S 5 Pana 6'4 1 Per-J 8 ....103 Pond 8 S3 6 Poind 68 6 Rim Rt1 7 904 5ax PW 7 84 15 St Rrem 7 94 3 St Quens 6 9 Rio Gr 8 8914 2 San Paul 8 ..103 6 do 8 'SO 1 Swigs Con 8 19 Swiss Gvt 54..1034 7 UK GR 1184 do 514 105H 3 US Braj 8 IO214 BONDS 99 9:1 1 Oil 96 9 1 Id 105 101 (i 101 Vi 16 96 90 64 91 97 96 56 77 1111 104 9tH4 71 10IH 96 90 8(1 1 links 79 96 ic: fcS'4 6 K7'4 95 'i im 81 71-Ki 1117 9.1 96 9 101 100 KS4 121 101 103 98 im 87 91' 57 113 90 I'M 9S'4 1(1 100 14 ion 47 ia stLAS 1 115 117 96 60 103 97 108 102 66 102 101 98 90 128 93 98 81 61 103 91 SI 10614 75 101 65 104 92 104 62 61 90 61 62 i 81 63 61 52 63 107 112 100 99 86 86 76 88 104 88 79 102 100 91 1901 83 107 104 103 103 100 98 101 84 95 98 103 108 92 83 105 104 98 74 98 94 95 94 106 93 108 91 101 108 104 109 91 95 99 90 67 1.14 101 100 95 '4 91 95 75 60 15 do con 4 8 StPSK-O SI.

4 6i 4 fdo VaNli 1 4 6. Lending Your Dollars Abroad Irving Ilk Col Tr King 4'ounty Trust Manufacturers Trosl Mertianka and Matala Naet 1'onimerce National Paik New York Trust Peoples Trust Pulille National Seahoaril Notlollnl State Rank Title I7iini Truat 14 do rfg 6 5 do ex 6 3 do gen 4 3 du gen 4 106 CMC ltail 6 49 4 15 CSt L4NO 6. 1 do 8 I CT In i 13 CUS 6 7 do 6 1 du 4 A 1 04 in 6 i d.C 9,1 f'hil Cnn a .635 ..445 .038 .7 ,0 1 11 .060 ,675 .403 .1670 1 Man Kl 53.102 11 Mm So 4 Mar St 7a. 98 Midland N.I 90 27 dvc is. 94 3 Mil El Ul 99 Mil lia-s I.

4a. 99 3 Mil KNn 4s. 90 4 10 (to 1st 4S 89 la Sea. A con the southwestern merger problem 87 no gold 4 67 -k also aroused brisk bidding for obligations of other carrier involved in the. 190 do ad a do ret 4 83 discissions, Kansas City Southern 6's IF your money ia runing anything let than an unconditionil guarantee of 4 tend far this folder today I Adsir Guaranteed 6HX Bonds hate all the standard mortgage bond safeguard, luo tha unconditional guarantee of the Adair Realty 4c Trurt Company, with pi-lil and surplus eicerding 11,000,000.

90 126 93 96 87 61 103 92 84 75 101 05 104 93 104 62 61 90 61 62 62 82 62 61 62 62 53 10. 112 100 99 hi 76 86 lot 65 79 102 100 94 101 63 107 104 103 103 1011 68 101 96' 98 103 106 93 63 105 104 98 74 98 94 96 95 10614 93 105 91 101 108 104 109 93 95 98 90 67 107 101 100 95 91 96 76 0 17S 811 4 A 85 I8V0 l.i Ml Tr 1 BS.e A 8 Kr 6 1 II" 95! Trust 15 Cm 7 3 do lifw pi 5a advanced a point, St. Louis-Southwestern consolidated, 4's and Missouri pacific General 4's joined the advance. 'other strong features included Nickel 4)ur analyala KorelBai Dollar KlnanriatT for l2o, now atallnh'e for la(rlhu-lloti, la of particular luter-rsl 4 those who isant (o keep In Iniirli with devel-opittrula lo thla field. Sl5 IT 33 ll 69 1 08 SS .154 Insurance t'o.

American A llla-nca Attu'rlcan Huretv So rionfl Mort Guar Huston Ins Co City of New York Contlnentrl 4251 Send" loiny for the felitr describing in if 1 Clnn G4tH; 2 do 5 7 CCC3lL A ..103 25 du rf 5 100 IS du deb 4 98 1 CI ....101 6 Coi Ind 6 84 7 Col A SO rf 4 96 2 do rt 1 4 98 6 Com Pow 6 ....103 Plate 5 1-2 Erie prior liens 4's, Rio firand Western 4's Peoria Eastern income 4's. Iowa Centra fi's, Chicago and Northwestern Refunding S's. 67 93 95 Ml '4 107 100 U'0 101 98 101 97 91 R'4 113 101 82 90 100 9 106 1(10 100 47 8.1 do sdl Sb A ..9414 .11 Pso 6s 1 197 do k' 69 do 5s 1 do 3d ext 4s J2 1 8. 10' 1 do (ten 48 90 2 67 4 Mont Tr 1 Mnr Co 4S 86 2 Na-s 4s 68 8 Nat Acme 7s 100 43 Nt P.R 'Ml 40.. 1 11 Log T4iT .101 VO Pit Svr 5a.

9Z 7 NO T4M 6S.103 1 Inc 58 A .98 Iielaware Hudson refunding 4's and wo 6 100 du 6 17 do Pur 6 -8 9 Siln I. 6 108 suel ml 15 8 I) 7 1 TT 6 1 Bo 1-ow 4 1 6 '44 do 4 '79 8 do 4 '55 IS do col tr 4 16 du aen 6-8 do con 6 67 du gen 4 I do 4 111 so 6 Mill 6 Rrax CK 7, so Central General 4's. 5 Co Bar 7.. 106 8 Mex 4 16 92 May we send you a cnpyT It U3 Hex 4 iars 310 ITS 310 144 ion 1811 .18 ...115" :97 190 59 lilies 99 300 ..073 240 (ail (he lafMl tsiuej 0 Atl air uondi. Dept.

HCF 10 Adair Realty Mortgage inc. tattmtv Diitrikmltri S70 Msdisotl New You ClTr Miss CtlUftt 7 1 to I .104 97 91 87 .114 .1114 9S Oil company liens gave the best demonstration of group strength in the industrial division with a good inquiry developing for Superior Oil 114 355 190 41 1780 3H2 19-1 34 1 210 315 HH 2:5 102 66 91 103 103 90 87 97 85 65 99 16 101 93 103 96 9s 101 96 93 10l, 100 94 93 102 1011 92 1017s 98 The National City Company Fidelity Phenia Kranklln Olens Pell (tlobe A Ruttf-era flrrat Amertcan Honaver Home Ins Co of Nor Am lswyera Mori Co IJKS.vera Title A Oty Maryland Casualty NnllotiM Lltierty National fiurfty Co Preferred Accident N'lsgaia 7's. Skelly 6 l-2s, and Sinclair 6's 101 4 105 81 SS54 96 99 3 Conn HAL 4 8 CO Md 6 63 CG NY 6 1 Con P4L, 6 23 Son Pf 6 6 Cfln BP 6 3 SUg 6 1 do Cv db 7 1 Cuba Co 6 '36 11C Nor Ity 6 5 RR (1H 18 du 5 3 C-A Su 8 103 36-4 0 Si 83 .105 .104 98 74 98 91 95 95 .106 93 .109 91 .101 Hartford il'niled Stales Security Trust Bldg. Telephona 8-3175 Pan-American convertible 6's moved counter to the upward trend hecause continued uncertainty over the 1 St Tube 7 108 8 Pa 6 Lo ..100 4 do KR 6 ....100 36 Third Av ad 48 104 Mexican situation. J7 do 5s 3 NYCAHR 6.

do db 4s 5 do rfc' a 23 NYiMStL 6s. 28 do 5 9 do del) 4s 11 Ry 13 NT Edsn bS 7 NTGELAHP xtxsrtvnssMi au ujnn'iatJ l'3 96 4 105 .101 96 93 103 .89 101 96 97 103 8911 The rise In Japanese yen stimulated huyin.g interest In Japanese industrial and Tower Issues, but trading In other patrs of the foreign list was (5 Ca Do Bug i 1 Cum TVT iu et. Liberty bonds held Arm. NEW ISSUE FoIIewncr are today hlah. tow and ..108 ...104 ..109 93 6..

95 98 90 THE TRAVELERS 4 7 50 do 6 30 do cv 6 7 rf 1 Den 20 DARK 6 1 do 4 104 rin West 6 r'oselnp: prioea ox bonds In the New Tork moi-k and tne total sales of earn oona: V. S. Government Domestic Bunds. NT Cily 44 '57 10454 104i 4 do '67 Nov ..10414 io; do 414 105H 6 do 4'4 100H 1001 14 do 314 88 i 13 do 31i Nov 88I4 sg. eriKtratlon Bonds.

8 Adm Ex 4 85 85 I Ajx Rub 8 .10214 10214 S7 Am Ag 7 14.. 105 10114 10 Am Ag Ch 6 ..10314 1031, 3 Am Chain 6 9914 99 '4 1 Am Coin 6 97 14 9714 2 Am Ice 7 125 125 4 Am Rep Crp 6.. 9SH '9814 5 Am Smlt 6 ....10714 10714 23 do' 6 100 99 '4 1 Am Bug Rf 6 ..103 103H S9 Am 614 ..10414 104 15 A '46 ,...101 10114 64 do 6 '60 SS4 9814 12 do 4 col 9714 9714 A Typ Fnd 6.. 103 14 10314 I A WWE 96 96 3 Am WPar 6.. 61 14 6114 10 A Wrt Pp 6 ctf 61 60 18 Ana Cop 7 ....106 104 36 Ana Cop 6 ....102 10214 14 And CM 7 98 9814 16 Ang Chil 7 ..100 9914 4 Ant SllK 7 8714 8114 1 Ark MOT ..94 94 16 Arm Co 6..

95 8514 77 Arm Co 4 91 91 18 Ad 6 103 103 12 AT SF 4 9t 9014 1 AT 4 85 SO Atl Brm 4 90 8914 26 At Knox 4 91 91 1 Atl CL 7 .10414 106 67 Sale 101 Llh 5H 4 De Edi 1 6 ...107 1 on 6 '33 ..101 Insurance Company HARTFURD. CONNE47TICCT W. Butter. President Statement Deo. 1914.

9981 094. 881 6 do 3 '4 do 6 '55 ..100 $1,250,000 Greenwich Water and Gas Company Collateral Trust 6 Gold Bonds, Series Dated January 1, 1926. Duo January 1, 1946. 85 HI 2 104 10U 9914 97 126 98 107 19 103 104 101 9E 97 103 96 61 60 105 102 98 100 87 41 95 91 103 91 S514 94 91 106 95 91 96 75 High .100:1 99.11 .10023 .10020 .100:11 .10025 .1028 ..1023 tfiir 9 114 677 rtn 1st 4U do 2d 4(4 do re do 3d 4 5i do re do 4th 414 do reff 2Jl Vni'LVabliltlii JOl.614.304 1 Tun 4 4 P.y 4 17 6 Cor i 1 Pa 6 1 Do Lt 6 6 Dob SI 7 11 Du Lt 5 69 Sue 7 1 Minn 4 1 ET VAGa i 96 96 Capital ad Surplus I7.686.71 RiiiRD or OIRBCTORB 10i105 Low Clow looi 1001 9931 10136 1012R 10021 10023 10020 10020 10030 10(130 10028 10028 1024 1007 123 1023 in; 10627 10627 303 103 101 64 10Hi tTV, 86? ti 6H 6 6 9664 10 Tress 4 'J4 104 106 a do 4 res: 93 92 William a Clar t- Bdmund Caebas ..60 97 ...106 ..105 92 ..102 ..103 ..108 76 ..68 69 9 Charles C. Baacb Wllllatn BrosmliD John Wij Elijah fi Johaaosi 1.

a rh I. nssoar. Ir 1 Em 7 Kria i eon 7 102 102 108 76 62 69 69 Foreign Issues. 4 A Junr 6 1 Arg Gvt 7 16 do A 7'4 "do 6B S6 do 8 J.jh 98 do 8 '60 SB 102 102 108 74 67 69 (9 do 1 on 4 CO Fr.n?i. T.

M.xJ. HaraOu Huhb.rd The Company agrees to reimburse the resident holders of these bonds, if requested within sixty days after payment, in the manner provided in the Trust Indenture, for the Connecticut 4 Mill Tax and for the Massachusetts Income Tax on the interest not exceeding 6'7o of such interest per annum. do gen 11 4 do Cv 64 A do 4 Louis r. Bntiar v. 12 2 45 nwrts 9 New Issue CM The following information is taken from official sources: Business and Property: Greenwich Water and Gas Company, controls through stock ownership the Greenwich Water Company and The Greenwich Gas Company, which, directly or through subsidiaries, will supply water and gas to Greenwich, Connecticut, and water to Port Chester and Rye, N.

Y. The population of the cornmunities served by the company has increased about 20 in the last five years, and there is every indication that it will continue to increase thereby creating an additional demand for water and gas service. Greenwich Water Company serves over 9,000 consumers in a territory having a population estimated to be over 57,000. The property of the company includes over 146 miles of pipe line, two large steel standpipes, mechanical filtration plant, having a normal capacity of about 4,000,000 gallons per day, and a system of reservoirs haing a combined storage capacity of 1,084,000,000 gallons. The Greenwich Gas Company is now serving with gas a small portion of the estimated 25,000 population of Greenwich.

The Company proposes immediately to start construction of an extensive addition to the present gas distributing system, which it is estimated will add over 2,300 customers upon completion. I- $3,000,000 Chicago Joint Stock Land Bank Tho Largest Joint Stock Land Bank (Assets in excess of $60,000,000 as of December 31, 1925) 4 Vz Farm Loan Bond (ILLINOIS AND IOWA) Capitalization: (After giving effect to the present financing) Collateral Trust Gold Bonds, Series (this issue) Two-Year 6 Gold Notes Common stock (no par value) Outstanding $1,250,000 750,000 100,000 shares EXEMPT FROM ALL FEDERAL, STATE, MUNICIPAL AND LOCAL TAXATION EXCEPT INHERITANCE TAXES Dated October 1, 1925 Due October 1, 1961 Issued Under the Federal Farm Loan Act Redeemable at the option of the bank at par and accrued interest, on October 1, 1935, of on any interest date thereafter. Coupon Bonds of $1,000 and $10,000 denomination, fully register-able and interchangeable. Principal, and semi-annual interest, April 1 and October 1, payable at the bank of issue or at the Continental Commercial National Bank in Chicago, or at the Chatham Phenix National Bank Trust Company, New York, at the holder's option. (Greenwich Water and Gas Company will have an authorized issue of $800,000 Preferred Stock, none of which is outstanding.

Upon completion of the current financing, there will be outstanding in the hands of the public $1,210,282 funded debt of subsidiary companies.) Earnings: From examination of the books, Stone Webster, Inc. report that the consolidated net earnings of Greenwich Water Company and its subsidiary alone, were $180,217 for the year ended December 31, 1925, after deducting interest on underlying funded debt, and after giving effect to current financing. Tha annual interest on this issue of Collateral Trust 6 Gold Bonds amounts to $75,000. It is estimated that when the proposed extensions to the properties of the Greenwich Gas Company are completed and in use, the annual consolidated net earnings of Greenwich Water Ga3 Company, and its subsidiaries applicable to interest on the Collateral Trust 6 Gold Bonds, will be over 31," times such interest requirements. Security: In the opinion of counsel, these bonds will be a direct obligation of the Greenwich Water Gas Company and will be secured by deposit of over 99 of the capital stock of Greenwich Water Company and 100 of the First Mortgage Bonds and Capital Stock of The Greenwich Gas Company.

Additional bonds may only be issued in accordance with the conservative restrictions contained in the Trust Indenture. Stone 43s Webster, Inc. have appraised the properties of the Greenwich Water Company, and state that, upon completion of the additional Gas Company construction, the combined reproduction cost of the properties will be in excess of $7,000,000, Sinking Fund: The indenture will provide for annual sinking fund payments, beginning in J929, to be used to retire bonds of Series A. There Bonds are offered when, and if issued and received bv us. and subject to the approval of Counsel of ail legal detail, lt is exported that definitive bonds of (he Company will be ready for delivery on or about February 1, 19-'6.

Price 100 and Interest To yield about 4.40 to 1935 and 4.50 thereafter When, as and if issued and received by us. Delivery on about February 3, 1926. Kissel, Kinnicutt Co. 14 Wall Street New York OK Chicago Price 90l2 and accrued interest, to yield over 6 E. H.

Rollins Sons Putnam Storer Incorporated The above information hits bren obtained From emm's fhat we deem reliable and ia aeoepted by us accurate..