Market prices and yields of outstanding bonds, notes and bills of the United States, during ..

MISSING IMAGE

Material Information

Title:
Market prices and yields of outstanding bonds, notes and bills of the United States, during ..
Physical Description:
v. : ; 36 cm.
Language:
English
Creator:
United States -- Dept. of the Treasury. -- Office of the Secretary
Publisher:
U.S. G.P.O.
Place of Publication:
S.l
Creation Date:
July 1937
Publication Date:
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Bonds -- Periodicals -- United States   ( lcsh )
Debts, Public -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )
serial   ( sobekcm )

Notes

Dates or Sequential Designation:
Feb. 1935-Aug. 1941.
General Note:
At head of title: U.S. Treasury Department, Office of the Secretary.
General Note:
Title from caption.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 12058956
lccn - sn 85018883
Classification:
lcc - HG4931 .A35
ddc - 336.31 fU677
System ID:
AA00000591:00028

Related Items

Preceded by:
Market prices and yields of outstanding, bonds, notes, certificates, and bills of the United States during ...
Succeeded by:
Prices and yields of public marketable securities issued by the United States government and by federal agencies

Full Text
..7 -. / ; I; IUNIV. OF FL L.







U. S. TREASURY DEPARTMENT U.s DPCT.T!Y y

OFFICE OF THE SECRETARY

MARKET PRICES AND YIELDS OF OUTSTANDING BONDS, NOTES, AND BILLS OF THE UNITED STATES DURING
JULY 1937


CLASS OF SECURITY


Bonds:
Panama Canal loan. 1961.....-
Treasury bonds:
1947-52 --...........-- .
1944-54 ----------------
1946-56--...............
1943-47........-- .....--
1940-43..-..............
1941-43 ................
1941-49 ....-- .....- .-
1951-55 ---------------
1941 .. .-- --- -----. ---
1943-45-....... ....-...
1944-46..---------------
1946-48 --------------.-
1949-52--------2-------
1955-60_-------------
1945-47.--------------
S 1948--51_ --.-----------


1949-53...... -----
Treasury notes:
Series A-1937...............-
Series A-1938---------------
Series B-1938.---------------
Series C-1938.---------------
Series D-1938..--------------
Series A-1939--.......-......
Series B-1939_-....... ..-----
Series C-1939.---------------
Series D-1939----------------
Series A-1940----------------
Series B-1940 ----------------
Series C-1940..........----------------...
Series A-1941 ---------------
Series B-1941.-------------..
Series C-1941.. --------------
Series A-1942.---------------
Treasury bills:
Fgrty-four series.. -------.. ---


RATE,
PER-
CENT


3

41.
4'


33,
3%1
3 ,
3 L
3
31,


3
3'
2%7
2%
2'%
Wirl


i9i


DATE OF MATURITY


INTEREST PAYABLE


June 1, 1961 .............. Quarterly, Mar. I, etc.........

Oct 15, 1947-52.....-- ... 15th of April and October.....
Dec. 15, 1944-54---.......-- 15th of June and December....
Mar. 15, 1946-5 .........- 15th of March and September..
June 15, 1943-47.........-- 15th of June and December ...
June 15, 1940-43..-------.. d ........- -..... -..
Mar. 15, 1941-43 ---.....-----... 15th of March and -.%ptem-ler.
June 15, 1946-49..-....... 15th of June ind Der-cnibr. -.-
Sept. 15, 1951-5..------. 1-5tlih f Marh aiid Siplmbi.r..
Aug. 1. 1941...-------......... 1st of February and August....
Oct. 15, 1943-45---------.. 15th of April and October......
Apr. 15, 1944-46 ---------- .....do..................----
June 15, 1946-48--------.. 15th of June and December ...
Dec. 15, 1949-52...- ...... ...-. do ....--. ..... .. .
Mar. 15, 1955-60..--------- 15th ofMarch and September..
Sept. 15, 1945-47-..... ----... do..---. -- -. ...
Mar. 15, 1948-51..---------- --- do----.~.-------. -.....
June 15 1951-54--...----- 15th of June and December....
if----fl-u


OUTSTAND-
'NG, JULY
30, 1937
(BASIS DAILY
TREASURY
STATE-
MENTSi


...




....
- 1





-
.__
---


DI14 of b eem b..-----
Dec. 15, 1941-53 ---- ---- 18tb bfYu "6 410


Sept. 15, 1937--..........
Feb. 1, 1938--..----------
June 15, 1938.------------
Mar. 15, 1938..----------.
Sept.. 15, 1938..-.....-----
June 15, 1939-.........---
Dec. 15, 1939. ..........
Mar. 15, 1939.............
Sept. 15, 1939........------------
Mar. 15, 1940........- ....
June 15, 1940.------------
Dec. 15, 1940 ..-.-........
Mar. 15, 1941.............
June 15, 1941............
Dec. 15, 1941............-
Mar. 15, 1942............


Various -....- ................. .... .... ... ..........


15th of March and September-....
1st of February and August..--
15th of June and December......
15th of March and September...-
- .- do ... .. ..
15th of June and December..-..-
.. -do........................
15th of March and September-....
....- do.........................
- .....- -do...... ..................
15th of June and December......
.....do.. -....... ..........
15th of March and September.....
15th of June and December......
.... do........................
15th of March and September....


$49, s00. 000

75.. 955, 800
1, 03A, 702, 900
4YO, OSO, 100
451, 135, 200


1i27, 7000
755, 469, 500
834, 4,3, 200
1, 400, 534, 750
1, 51 737, 650
1, 035, S74, 400
491, 375, 100
2, 611, 107,650
1, 214,428, 950
1, 223, 496, 350
1, 626.687, 650
981,838, 050


817, 483. 500
276, 679, 600
618, 056, 800
455, 175, 501
596, 416, 100
1,293, 714,200
526, 233, 000
941, 613,750
426, 554,600
1,378, 364,200
73S, 42S, 400
737, 161, 600
676. 707. 600
503, 877, 500
204, 425, 400
426, 349, 500

2,452,963, 000


Interest-bearing debt outstanding:
Total of above items........----- ...-- ...-- ..-.. --........-- ....---.................------..--. 33, 055, 744, 050
Other interest-bearing debt. ...---------------------.-------------------..---.----..------.. 3, 057, 698, 256
Matured debt on which interest has ceased- .......-..-..-..-...-..... ................................ 103, 492, 300
Debt bearing no interest.------------------------..---------.....................-............... --.. 49, 761, 096

Total gross debt....------------------------------ ----------------.-------.-------------. 36, 715,695,702
The yields herein presented are computed for Treasury bonds on the basis of closing prices, for the Panama Canal loan and
Treasury notes on the average of bid and asked prices; for Treasury bills on the average of the bid and asked discount (as quoted
in the market on a bank-discount basis; i. e., on the basis of a 360-day year). In the case of securities for which there is no offering,
yields are based on the bid price only. The yields for each issue are computed on the basis of a 365-day year.


Panama Canal. 1%. Treasur bonds. 3%%,
June I 1S11 June 15. 1940-43


Market prie


Bid Asked


-------
iit --
117.410
117.0
117.00

117.00

17.00
117.00
117.00
117.00
117.00
117.00
117.00
117.00
117.00
117.00
117.00
117.0W
117.00
117.00
117.00
.111.00
117.00


SIi.iI U7.O
I I


2. 111
210

2.192

2.192
2192
21192
2.192
1L92
2.192

2.1B1
1191
2.191
2.191

2.191
111
1191
2.191
2.01
2.101


2.191


Yield to-


C ll Mata-
yrit


106. 1
105.15
10.14
105.11
105.16
105."]9"
105.18
105.17
105.15
105.16
105.1
105.18
105.18
105.22
106.I2
105.23

105.2
108.3
10i.94
10L.25
106.00
106. 30


2.1 i10.19


1.4O0
L436
1 466
14oh
1.475
1.452
1.416
1.425
1.434
1.454
1.442
1.418
1 416
1.413
1.411
1.367
1.354

1.81


1.358
1.2H4


--i----
21388
2. 865
2 381
2 387
2.376
2358"
2863
2.368
2.379
2373
2.361
2.360
2.360
2.35
2.337
2.331
2." 357
--ai-u'
2.335
2.323
2L317
2.1817
2.278


Treasury bonds. 3%%,
Mar. I1. 1941-43


Yield to-
Cloning
ric Ma-
Call Irity


106.07
1116.07
106.11
106.08
106.08
105.11
106.08
106.16
106. 1b
106.12
105.07
105.10
105.11
105.08
106.11
106.10
106.12
106.12
1V. I1
106.14
106.14
106.15
106. 15
106.18


12.4 106.11


1. 631
1.506
1.620
1.619


1.591
1.616
1.555
1.579
1. 20
1.593
1.583
1.607
1.580

1.687
1.5569
1.568

1.547
1.546
1.536
1.535
1. 08


1205
2. 182
2.199
2.198
2. 180
2.197
2.156
2.173
2 201
2.183
2. 177
2.193
2.176
2.181
2.169
2.169

2.16
2.155
1149
2.149
2.130


Treasury bounds, 3%%.
Aug. L 1941


Closing
price


100. 0
106.05
105.06
106.09
106.08


206..07
106.08
106.07
106.11
10D.09
106.07
106.11
106. 13
106.10
106. 11
106.10
106.11
106.15
106.10
106.11
106. L6
106.17
10B.10


Yield to--


Cll Mai-


2.178 10. 10 ........


1.672
1.678
1.647
1.653
1.652
1.650
1.667
1.025
1.639
L654
I.622
1.604
1.627
1.618
1 624
1.616
1.615
1.581
1.619
I 610
1. 70
1.661
1.54


Treasury bonds. 3%%. Treaur bonds. 3',%,
June 15. 1943-47 OrL IS. 1943-45


Closiae
price







106.21
106.20
--------
106.21
106.22
106. 21
106.25

106.31
10B.31
106 30
107.05
107.06
107 05
107 06
107 11
107.12
107 12
107. 12
107.13

107.11
107.12
107. 11
107.10
107.13


1.620 107.03


Yield to--


call Mt-


2.169
2. 180
2. 174
2. 157
2 151
2. 117
2 117
2.122
2.083
2077
2 082
'076
2048
2.042
2041
2.041
2.035
2034
2.044
2.038
2.043
2.048
2.031


Closing
price


__________ I I


Percent
513


2. 607'
2.614
2. 610
2.599
2.596
2 575
2.574
2.578
2. 653
2.550
2 553


2.528
2528
2. 528
2.524
252.5
2.530
2527
2 530
2.533
2.523
2560


106.10



108 11
106. 10
106. 17
106.14
106. 17
106.18


106.30
106.28
106.27
107.02
107.00
106.31
106.30
106 31
106.31

106.25
106.29
107.01
107.00
106.30


Yield to-


Call M u-
rity


Percent

2. 16
--------


2.168
2. 131
2 146
2 13U
2. 124
2124
2 108
2.061
2.071
2 076

2.048
2. 053
2 058
2052
2.052

2076
2.060
2.039
2.044
2.053


Percent
2.404




2 404
2.375
2.387
2.374
2.370
2.370
2.357
2. 321
2. 32
2.332
2.304
2.311
2.315
2319
2. 316
2.315
2 '322
2.334
2.321
2305
2.309
2.317


S100.24 2.092 2.341


----
us. so
114.00
113.00
ll Io.
113.00
113.00
113.00
113.00
113.00

11100
113.00



11300
.ii..oo"






1183.00
113.00
113.00


.. .-. -.-....
1............
17 ........



1 2 -- -
1.--...........
18-............
IL............

I ......... ..
ID ............
2L...........

t......-......
- ............

S. ---.---..-

asf::::::::::::
------..-...


SClosing price not regularly available.
Nor .-rThoughout thlb fm price dedimal for bamds and notes present thirty-seoands; s, Sunday; e, dosed.
S 11068-37


"' "" **


Ul -----


I .


itc o**im 7 4


P SI





--- ------ ------ -
I-I-1------.-1-I-1----..
1-.------I------J.------


I


I


I


I


I


I I


I


I


I


I


I


I


I


cain i 1 rilrtHn nnnn I n nT ,m npr


I


r











Treasury bonds
Apr. 15. 1914


Day I Yiel
IJuly 15132; C..lng
price




1 ........ I l lr 1 i 21
. ... 1 IJ4 2.71

7 .. .. .. .. ........

S........11 2249
S. .... ... I.1 10 2. 2-9
U ... lL 11 2.234
I) ....... 10 1 2. 22U
l ... .. .. .. .. ... ... .... .
12 ..... 106i 16 2 20S
11 ............ IUg lI 2 213
II .. ..... 106 20 2 '
1 .... .. ... 106 3. 2 174
16............ 10 2. 2 164
S .. .. .. 2 ...
19 .. 10b 31 2 134
2)..... ... 100 26 2 1."
"2 ....... ..... 06. 30 ? 13I
- .... .. I10, I2 2 147
23 ........... 1. 6 27 2 1 2
,1. .. IDn 2i 2. 1 85
25.. ......................
26 ........... 10 2 1
27.......... 100 28 2 1,
2............ 3.0 29. 2 11.1
29............. 1 30 2. 135
30............ 107 OU 2. 12
31............. 106 26 2. 153

Average. 106 21 2. 184


(Ju


2....
2....
34...
SC...
6....
7...
5....
10...
21...
1I..

12...

SI...
I....
16...
17...
ISO...
19...
22...
21 ..
22...
24 ..

26..

28 ...
23...
30...
31...


. 3',1% Treasury bonds, 4%, Treasury bonds. 23%. Treasury bonds. 33 %. Treas
-46 Dec. 15. 194-54 Sept. 1, 1945-47 Mar. 15. 1946-5 Ju


d to Yield to Yield to Yield to
Closing Closing Closing Closing
price I M Iu price l price price
Malun Call Mal i p e tailu- li n lltu-
rity C rily I al rily rily


PerFent Percent r Percent P.rcent rce Pertern Percent

2 U7 IIl ( d 2 ?.' 3 15' ltul II 1i20 2 ;8 10. 1 2 19 .074 03 29


i ii i. ..o .... ...- i. i i.i. .i 3 .....
2 4'.3 111 I. Ill 11l I IU2 l-' 2 4'3 164 109 211 2 1] 1 J OW 1403
2 445 Ill II 7 .:l 2 Il il.' 2 .-* lbt, 2 40 11lrl 21 2.52 3 065 104.0;
2.441 111 h 2 .I 1 1 l I2. 20 2 i1 2 457 1 lj.' 2. : 3 065 101.0 (
S .. I . . . .
2.41; 11II1 2 ill 1111 l I.'21 I U 93 061 102404
422 2 111 I.3 2 t6 3 1 I 102 28 2 361 2 4'9 10 ?- 2 41 3 034 I04.05
2 4.5 111 1, l .Au' t 1.8 ij 231 O 2 2 446 1I 0 2 469 3048 104.06
2 406 I 211 2 ,.'.1 i17 10)2 2 372 2 439 109 31 2 46 4J 046 Iw 13
2 34 III 2b 2 5. 112 luSi u1 2 344 2 415 IIU 0J1 2 4.0 3 03 104 1
2 386 12l ii "2 '3 10 1 I oul 1 2 331 2 40, I110? 2 41.i 3 03o II4 17
2.300 III 2 ?i J 111 li i1 310 2 41 110 02 2 113 3 09 104 15

32 l 11 06 2 i; 0J U U Lll 2 32i 401 110 00 2 43U 3 027 104.' 2
S11 1 112 UI 2 2n? i 0 ll '1 5 21 'I2 suti 110 11 2 4 3020 04. 2
2 JAG II l 21 I l '1191i 10J3 1;. 2 32. I I' ni 11 41'.' 3 uw I'. 21
2 :173 112 i 0 1" I 3 O lill 0I 1 Ji 31I 2 324 110 l 10 721 3 022 104 2W
2 J.77 1126 O 2 I'1 J U, 103 O31 2 310 I 2 3"7 110 1U 2 421 3 022 104 28
2 ls i11 OLb 2 244 3 049 111i 0D .' 3 : 2.367 110 On 2 42 3 026 105 00

2 3_ 1.01 2 1,'j9 J4 081 luj oS 2 30" 2 357 110 10 2 42 3022 104.30
S.7,2 11i Ill 2 11 3 0( i lu; (1 '2 33'4 407 IIU 01 2 42- 3 014 11 4.211
2 t?; 112 UV 2 189 3 062 101 06 2 317 2 394 110 10 2 419 3 022 104.2.5
2 3f 11211 2 IsO 3 U77 II 11 2. .96i 2.376 11023 2 169 2 9 9I 10302
215 112 13 2 170 3 073 103.1 2.292 2.373 110 29 2.345 2 982 104.30
2 179 112 11 2 178 3 077 103 09 ? 305 I 2 383 110 26 2 3 2. 88 104.30

2.402 111 28 2.249 3 110 102.31 2.348 2418 11103 2.44b 3037 10417


Treasury bonds. 4h%, Tresaa
Oct. 15. 1917-42 Mar

Dal j Yield lo--
ily 193Tj
Closing Closing
price Mll it- price
Call ri


Peicfr, Percent
.......... 11 I 2 523 2 975 100.15
.......... l5 I, 259 2 0 100 17

.......... .... 2.. 2.. ...... .. ..... .. ..22.
.......... ..11...... 2. 504 2....... 62 100 21

....... 11. 100 22
.......... 15 21 2. '. 2 953 100 2O
.......... 11.2 24 I 2 95i 100 22

130 4 'ii 1 '*)' SIsI 100iH5 24
......... O J2. 40 l 2 94' 100 23
.......... IL 1.) 2 471 2 '10 100 2

11.......... 44 : 22 u 11 I
.......... 11 105 2 4i 2 4175 100 2
.......... 116 10 4.41 2 917 10U 2
.......... J I 2 '2 101i l 6 l
.......... ; IJ 2 430 2 0' 101 01
......... I 2 2 010 I1040
...... ... 16 1 413 2 9 101.06
.. 116 21 .. 7 f I6l 0
.......... lid 3U 2 374 2 96 101 09
:.. 111, I 2" 30 2.873 101.13
.......... IJ 30 :3 i H407 lUI II1
...... ... 110 1 2 3' I 2 466 I101 lb
....... II. CO 2 J. 2 81j 101 0I
......i... 11C1 3' U' 2. 65 Uli 17
.......... 11: 2 2i 3 2 8638 101 18

Average 116 11 i 2 43 2 915 101 01


Day
(July 1937)


1.............
2.............
ae.---.--- ..
8c...........
7..............
6..............
7............


1 .............
10.............
I .............
1 .............
16.............
13 ...... .....
1.............
IS...........
17............



I .............
2.........
2 .............
21.............
2............
24...........


30.............
81............

Average.


Iry bonds. 2)%. Treasury bonds, 3K%,.
. IS, 198-51 Dec. 15. 1949-52


Yield to-


Treasury bonds. 214%,
Dec. 15. 91t9-43


ury bonds. 3%.
ne 15, 1946-48


Yield to

-~~
Call Ma-
rily


Percent Percent
2 495 26575
2. 10U 2.588


2.486
2 4186
2. 471
2 486

2 478
2.474
2.447
2 428
2.431
2 439

2 408
1 2.404
I 2.419
S2.400
, 2 388
S2. 373

Z 380
2 395
2 399
2.364
131
2.379
2.379

2432


2. 568
2 568
2. 55'
2.518i
2. i

2 561
2 558
2 535
2 519
2 522
2.529

2 '03
2 499
2.512
2 496
2.4801
2. 473

2.480
3 492
2.496
12.46
2 479
2.479


2.523


Treasury bonds. 21%.
June 15. 1951-(4


~I .I .I .


Yield lo-


Yield to--


Closing Closing

Call Ml- pi Call i- pric Call i Matu-
rity 1ity rity


Percenl
2 099
2 6B2


2.415.
2 ....
2 675

2.6;.
2 662

2 668
2 672

2 Wi45
2 651
2 6,51

2. 638
2 628
2 621
2 611
2 rll


2. (4l

2 577
2 M
2 5WU

2 639


Percent
2.708
2. 703



2 Gi9
2 6014
2 5W
2 j678

2 r'7B

2 678
2 ,96
? tjt49
2 8'O


2 ti02
2 6j9
2. 651
2.616
2 637
2 637

2 626
2 6132
2 613
2 G10
2.615
261J

2.60


Treasury bonds. 271%, Treasur) bonds. 2,%
Mar. 15,195-60 Sept. 15, 1956-59


Yield lo-
Clos-_
ing M
price Call Matu-
ri y


100 15




100.23
100.23

106 26

IUL0 27
10U 28
101 00
100.30

1111 02
101 04
101 03
101.02
101 07
101.07

101 06
101.09
101 16
101.16
101.16


'n.M-I


Percent
2.834





2.823
2825
2.823

2.818
2 816
2 814
2 7.2
2.803
2807

2. 798

2.798
2.787
2.787

1789
2782
1767
2.767
2 787


Percent
2.841
2.845


2."....
2.832
2.832
2.834
2.832

2828"
2.826
2 924
2.812
2 815
2. 819

2 811
2807
2.809
2.811
2802
2.802

2.804
2798
2.786
2.786
12786


Clog-
Ing
price


Yield Lo-


104 18
IUI 17


104 20
101 21
11ll 23
lull 1
lul .1
104 24


101. 24
104 2i
lui .10
IJ1 211

105 OIf


10. 13
105 06

105, 0
105 11
105 It.
1ui 18
105 20
105 16

104.31


Percer
2 691
2 0O2


Percent
2 760
2 763


2 t$5 2 753
-* 62 2. 7 .
2 0'1 2.750
2 ts2 2 754
2 673 2 745

2 673 2.745
2 6.'U 2 750
2 '173 2 745
2 670 2 743
2 I;:5. :.lu
2 3 733

2 619 272'

2.11 2 Io
2.63 2 710
2. 640( 2 71

2 6' 2 ."IJS"
2 61 7 2 t S
2 602 '? w$.
2 5936 2 m'
2 '.40 2 676
2602 2. ?tSG

2 652 2 727


97.2k
97 24


Percent Percetl
2 702I 2 3G,
2 714 I 2 670
. .


Yiel
Closing
price
Call


Percent
99 2 2 761
99 2 2. 772

.. .... .. I .. .. ..


97 28 2 7il"2 2 b0 i 9.2 2.761
-G lI .2 1ir. : 2 656 99. ?i2 78
(i7 3U f., 2 556 09 30 2. 7;5
u; 2j 2 ;02 2 661 .9 N 3 2758
U; 28 2 70"2 2 661 Wt' .W 2. 732

w3 02 2 Oif 2 646 99.29 2 758
' Ul 2 rb" ;' I1 90 30 2 755
"U 01 2 2 49 8W.30 2 755
:3'1 i2 16391 1j00 2 760
J i.15 2 ,:. 2 ,.i9 100 00 2.730
'. i I:. 100 00 2 750
',, lI' 2 ....... .. l- .: ... .
"l- 12 2 .| 2 122 1i00 I4 2 739

S11' .* '.i 0 101.03 2 742
.'1 ." -.' fi22l 1i0 0 2 735
% 2'? 1' 2 59 100 10 2 733
9' 26 1.1 I 2 SL 111. 12 2. 717

9, '2,6 i, "2'. l'i i00 "2I720
Us 24 'r.19 2 ZlE 10 12 2 717
9 31 'I i' .'.l I ( Ir 2I ;05
Uil 2f 1 2n7 k 57U 11 s 2 2.70
I to |' W 1 *2 5372 1l) 17 2 704
00 U2 2 59 2 570 100 18 2.701

l8 11 2 67 26214 100104 2.740


Treasury notes. A. 32.4% Treasury naics. A. 2%%. Treasury notes. C. 3%.
Treasury sates, I


Treasury notes. A. 31'4%. Treasury nolrs. A, 2is%.
Selp. 15. 1937 Feb. 1. 1938


Market price Market price


Call Mur,- Bid Asked


Percent Percent
99 19 2,777 2.775 100.20
99. 17 2.7811 2. 77B 30.20t


99.22
99.24
99.24
99 23
99.24

99.25

90.29
99. 29
99 29
Il1n. 143
W9 J1
99.31
100.01
100. D6
100.05
10k8O5S
100.07
100.12
100.15
00. 14
100.14


2. 771
2.767
2.767
2.769
2. 767

"i. 115
1 2.767
2. 763
2.756
2 756
2.750

2. 752
2.752
2. 762
2.748
21739
2.739


2.735
27216
2. 720
2.720


2 768
2.76;
2.767
2 765

2.7665
2 761
2 711
2. 756

2760
2 756
2 ;511
2. 752
2 752
2.748
2. 741
2.741

"2.17365
2737
2.727
2.722
2.724
2.724


10i1 20
10020
Il0.. 20
100.20

100 20
100.20
100 20
100.20
00. 20
100.20

LOU. 20
100.20
100.21
100.21
10D.23
100.23

100 6.3
100.23
100 23

100.24
100.24


100.22
ItO. 22
100.22


100 22
00. 22
100 22
100.i22
100 22


100.22
100 22
100.22
100 22
100.22

100.22
.lo0. 22

100.22
100.26

100.26

100.25
100.26
100.25
100.20
100.96


Percent
028
L----:-:

Neg.

Neg.
Nrg.
Neg.,

Neg.
Neg.
N eg
Neg



Nag.
Neg.

Neg.
N eg.

Neg.
Neg.
Neg.

Neg.
Neg.
Neg.
Neg.
Neg.
Neg.
Neg.
Nag.


101.09
101 OR


1101.08
1411.08
101 08
S101 07
rInI 07

101.07

101.07

101 07
101 07

101. 07
101.06
101.06
101.06
101.06

101.06
101 00
101.06
101.07
101. 01
101.06


I Yield
Bd Asked


101.11
101.10


ui.di "
101 10
101. 10
101. In

101 09

101 09

101.09
101.09
101 (J

Lill (19
i'l1 (n1
111 08
101.08
101 08
101.081

101.08
101 08
101.09
101. 0
101.08


2808 2.8156 09.1 2.769 2.72 100.21 100.23 Neg. 101.07 101.09
TW__100. 2370 r 17 1


Prrcent
0.379
.421



.369
.358
.402
.391


.358
.347
.338
.324


...35
.323
.311
.290
.287
.263.
.250
.267
.164
.212
.18


I-


Non.-Thronghout thls form price decimals for bonds and notes represent thirty-seconds: a, Sunday; c. closed.


d to-


Mat-
rity


Percent
2 759
2. 769


2.759
2.757
2 754
2.757
2 757

2 757
2 755

2 711
2 750
2 750

2. 741
2 741
2. 743
2. 741
2. 727
2 722

2 724
2.722
2 713
2 708
2.710
2 708

2 741


Treasury notes. C, 3%,
Mar. 15. 1988


Market price

Yield
Bid Asked


101. 27



101.26

101.25
101.24
101.24


101.25
101.25
101.25
101.24
101.24


101.24
101.34
101.24
101.24
101.23

101.243

101.24

101.24
101.24
101.23


Plerent
101.29 0.340
101.28 .374
-----------


10L 28
10L 28
101.27

101.26


101.27
101.27
101.27
101. 26
101.25

101. 25
101.26
101.26
101.26
Ju1l.26
101.26

10..ill.
101.25
101.26

101.6
101.2
101.26
101. a


.333
.283
.358
.823

.361


W506
.215
.284




.204
.263
.24
.2 7


.244
.282
.17
.10
.17


Treasury bonds, al3%,
June 15. 1946-49


Yield to
Clasing
price Cll M

rlly


Percent Pieenft
ID4.18 2.532 2.677
101 20 2.544 2070


104. 2 i '20. i2I
104.25 2 5?4 2.66
104I. 2. 509 1643
10D.28 2.512 12.8
104.30 2.b04 1640

105.00 2 496 ii
105.00 2.496 2634
10'.00 2.496 21033
105.09 2.411 160 1
105.09 2.461 2.60o6 1
105.09 2.461 2.401

105.13 .1446 ONi
105.13 2.445 504 .i
10o09& 2.461 2.10
105.12 2.449 2.i7 .'1
105. 14 2.441 2.11 "::
105.12 2 449 2,0I7 ::

II.17 I 429 11i 'i
105.16 1433 2.8M
105.15 2146 I8: I
10. 20 2.417 t2.I
105.21 2.418 1.i I
105.21 2 1.413 -

106.06 2.471 I2.S







S noCloingC
Yield --


102. 19
102.20


102.28
102.31
103.01
102.27
103.00

103.02
102 30
103. 02
104.05
103.00
103.02

103 03
103.06
103.06
103.05
10308
103 08

103 10
103.12
103 18
103. 16
103.18
103.20


Percent
2.777
2.775


2.ii754i"
2746
2740
2.756
2.748

2738
2.748
2738
2 730
12743
2737

1735
2.727
2729
2.721
1721

2716
2711
2.605
2.700
2.695
2.689
73.20


Treasury notes I
June 15, 1i


Market ipaie


Bid



102.07
10806


"ioiibli
102.06
10105
102.1 O6

i---.06-
102. O8
102.05


10104


102.04
101 04
10104
102.04

10i106

101 05
10 201
10101
IOL815
101"
'imO 0L
1tin0it
1i05~
10ill


10108



11006
102087
--------






10210
-- -----

10106
102.07

10.07

10107


10106
102.07
102.06
1010 a
Hill 06

10206

10. 06



1020
102.0 8

w0106
aim w
a,1o


.817 1 101.24 101.26 I .86i 10061 1007


1817
2.814



2.791
2.786


2.7O4
1791
1784
1 m
2.788

17M2
""i'7B

2.71
2.775

2. Ir

2.700
1.761
2.749 .
2.753
2.749 .1
2.27511
1748
2.745





II



.



S.1

65'M -.4


---------




.5g0

.471


....

.4gB

.4I
.476

461
454


-_:1g

874
.48
4T11


101.0U


~-I----~-----


-


I~


I


--I r.


I


I


I


I


I I Tho bo-tthI 0 p-


I


I


I


I


I


I


I


I I I I


103 0 ,1 2.711













Treasury notes. D.212%, Treasury notes. C. '11%. Treasury notes. A. 21%. Treasury notes. D. PI,%. Treasury notes. B. Ir, Treasur) noles. A. I' s
SepL 15. 1938 Mar. 15. 1939 June 15, 1939 Sept 15. 1939 Dec. 15. 1939 Mar. 15. 19-0

Day I
(July 1937) rprie ark Maarke price Markelr price Mke price ke pr M pe are pr

-Yield- Yield Yield Yield Yield Yield
Bid Asked Bid I Asked Bid Asked Bid Ased Bid Asked Bid Asked


Pe8ce it Percent Pec.til P \i ,,i PeP1 P ',it9
I9 1 LPUaPeerdr
I.............. 1.I 0 Inu12 I H 1 i :u 2 22 I 11U 101 24 IIi 26 I Ir OI lul I 1 .'l, 1 I i. In 1 10 t. 10)0 i 0. I 6i 3.
2............. 111ii 1012 -' 21 1 ..1 li) i li. l 2 I I l I l G u u 10i 1 I | i.u lu i u J I.) J 0 I 1 c) l i ll I .J1.1
3c....................... ........... ................. ....... I I I ... I ..
S. .............i. .. ....... :.......l .... ... '.. .
..... ....... I o l; I O li i ij 6 ij 23 1I 08i j' i 101 67 I l1 ll I,. i I 210 I.uO I J 101 1 | I U 21 Ilin 23 I 361
7 ........... .. 10 2 .; I O" ll 1 ii .i luI i 23 I f l I l It 1i1 2i I 161 luu It U LI I. i 1; I :n) i i ll I 1 I 2il luu i.', r I 2. I 310
8..... .. 10'.117 | 1 I) l 11,0 '4 I'Jj ,. I Ull I 1l 6 J101 28 i Ion lI l I I i 1 I l i l u 1 1 I ? i .'"2 I2 l'.,j I -j
9. ........ .... 4 I'? O I l" '\ 1 I l 2 L 101 I JI ? I Ii 2 2 '. I I' I i i Is I ih 11 i i I,1 21 I 3 ti
91 ........... 210 U I i.; i7 I. ti l I 3l Icl 2 II II 1 I Il IU. II I ]'. I l' .i l u 11 Vl j I 1| .
118 .. .......... I .... .....II II
12............ il? i: I i 9 i ls .'. Ul0 .i 7' i 'i a' i. Ij i3 I 'i22 I h If i Ii I li I i 1' 1 Ii I T l iu i7' i. l l i I

1 ............. I U' l lu? r '.. i'" l 101 I F 101 i I l 1 Ij I i I I i In 1. II I 1i 1 ILl 1I I1 1

10............. 1ls i l I 1 rl. .. IU 5 U I ll i J I I 1 I 1) J. 1 it' 1 1" 0 I It 1" l i I 1i 1 I "I"u .. l Il'l l I i2
17...... .. ... in t) IU 1 -. 0 7 ;.'1'. Ii)'l )' 10" 2, 10.1 1111 7 a li i l i l l i. 1 i II1 J 1 ] liu I'
l ............. .. .. .. .. .. .. ... .. '. .. .. .. .. .
17 ......... ... 1 t O II i I.J .7 i : 1 I 2l i l 1 2 l i I 011 11 i r.I -. 1 i'i I s 0 |IU 1 | ll I 1 llu I I |

20' ., I i r' ul l 1,4 .3 Toj'" i ri n IC, i' | 111' o 1. i I WI J 1 .i | 1, 1, 1 in II) ; i I..1 i n; i*
2 li ........ I r l i : l i 11 i n ;i I l l | i i ; i I 1 i l l

21 ............. 1 02 l' 101' 4 .i jli.j Ji ll "s u ..t. l. u, II 1 Iti- '1i l I'1. i> liJ j 2' I I iu l i I .I T I[ l2l U II 1 I 7
22............. 1 .0 u I l JI i I2 I '.s_.4 -UI 13 2 0 I IJ J i I I., 1 ) -] I ,,, I ,, I ,1' I l



210............. I0? ii 1I0 I .9 10t ]0 1. I u 1 ,1 9 i I -1 0 .1's lLI It' 2' .I i l( I :lu 1" I ''2 s II nI l'I l i 2
2 .. :2 1 I .. .. r --

T.. .. 0 Il. 1l.l. B ti, l oIl 30 i U 10 30, 10 "r0. 1: A I I "F1re 2'u i e I.' I '1 lit 2' n1.. tt or' e I, n 1.S.
28............. i luu l2 0 i l j
29............. 102.0 1; is i l 1 J 1 uI 01 .S'i lu 13 11203 Oll "Si ;1l luu -0 3 I i I 1 2l 100 l I 1" I 0 1 .l 11 'ii I 213
30 .. .... 102 07 ..i '0 456 100 31 101 01 .'50 10 9 05 102 03 97i lou :1 lJo I I 0nV IHu L1l l) 2 4 I0 I 'l I lI "'' I 213
S3............. 10I2 06 Ii' O 519| 10) i 101 u s U2.02 02.0 .w'4 liU 0 A I I iu luu 2" 100r. I l.uO .1 .02 1 2.1

Average. o102 l 08 .*9 100 B 100.28 .97 101.30 102 I 1] 17 I. 1| II.) l I I 1 II li l l I *81
Trea e. B. eaury noes, C Treasu es. A. %. Treasury nos. B. 1%. reury no. C. 1 T ury notes. A. I

0Tras urnetes. H 1% Treasury notes, C.. llTresury nIU1es. A0 lt'1%.Treasury notes. 7. IkA.' r n Ii ur notes. A. I'I'1..


Day
(July 1937)


June 16. 1940 Dec. J5. 1940 Mar. 1.Ii June 15. 191,1 Dec. 15. 1911


Market price


Bid Asked



L.......... ... 100.0 I'0) II1
2 .............. IOU I IU 1
3r ............ .... ...
c ......... ... :.. ... I ....
. i
6..............i w1) 11 1 JIu) 12I
7............. 100 13 'lu 1I

0 ............. I I I. ou0 1;
10 ........... 100 Ir. lu
12............. 10 U 1 100 1
13............. 10 100 1 IOu I
14 ............. 100 17 1 19
15............. 100 li 100 2)
16........... 0IU 17 10i 1I9
17 ............ 100 100 20
19 .............100 ....i 100 .
20............. 100 I lOO 20'
2 ............. 100 II 100 210
22 ............. 100 19 tOO 21
23............. 100 30 100.2;
2 ............ I.. 0 1. I .
26........... 100 I0 100 22
27 ............. 10) 100 -2
8............ 10020 0022

s2 ............. 100 21 100 A.
30............. u 'l1 101 23
- - lo o I





31............. 100 ii ) I 10 -

Average... 100.1.; 10t 1


I11- -1- I __ _I-


Market price


Bid Asked


Pertcnt
I 392 100 05 100 07
1 391 100 05 u10 07




J 10 l0) 0 IOU U
1 .sL li10. II I 1


1 .30 I01'0 Il us
I 3ll 100 10 10 l 12



ls 100. 100 1i
I J-1 01 12 II lI 14
I i3 ijlj 1. 1. 0 I.
I 1.03 100 13 100 I'.
I I.u1 1 O0 14 o100 1'

L -=' i lui 11 100 Ji
1 36l 101)0 hi I I0 .
1 T 1 II 1130 17
IllJ 100 I 1i00
I "'< 100 17 i -. luI
1 i- 11 Ili I 100 36



14) 100 1. 100. 0
I Ij lO I 1 I i 19

I 2,I00 1 100 20
I 301 100 13 100 1


Yield




Percent
1.144
1 ;43



I 40r
I. 1s
1 34%
I 1 '

I I39

I 357


I l's
I 3 ,0





I 3J )
1 3.u1

I. 120
I 3.I
I 130
I 329
1 320

I 319

1 364


Market price


Bid Asked


Ilili 00
1 O 110
loiJ UO0



IO1 01
100 03
IOu 05



101) O0

1011 (II





lOu 1i
10) 11
IUlJ 11

iilu 15

luo I:1

100. 16

100. It;
100 16

100 10
100 10


il)i i2




101) WI
100 II


lui) (iJ
1li.i "1

100 JU i
100) 11

Nli]t I1
0lu II



II I4
IOL' II
100 17
100 1I
100 13





100 17




100 18
100 I8


Yield




Perc I'.





1.4 -2
I 4t1





I 43A






1 421
4117

i. 41.





1 111
I i"
I 412



I 3;i
I 359

1.351
I 39,

1 349
1 349


511 II
'J 13
1'J II



lt 14
lilS II
v. 17
r.* 19
,ri 21




9*J -7



... .
' 9 r
-it 22





'J') Il
1'i 2.1




' ul 01
9, 27













11)0 11
Ion ul
100 01
100 00


100.12 I 405 99 26


Treasury bills, due
Aug. 25, 1937


. Treasury bills, due
Sept. I. 15. 16. 17.
i. 22., and 29, 1937


Treasury bills, due Treasury bills. due
Oct. 6 and 13, 1937 Oct. 20 and 27, 193:


Treasury bills. due
Nos.3, 10, 17, and 24. 1937


__________ _______________- I I I I(


Discount


Bid Asked


Pwrcent
........
........


........
........

... ..
........ :
........
........

........
........ 1

........


........
........
........
--------
........
........
........
........


........


Yield


Percent
0. "135
.335



.335
.335
335
335

335
.335
.3315
.3351
.305
.30"5

.305


.2814
.3584
.284
.284

.284

.284
.284
.309
.309


Discount


Bid Asked


Percent
0 35
.35




.35
.35
.15

133
..3.. -

.11
.33
.33


.33
.33

.30
.30
.80
.30

.30
.80
.30
.30
.30

.82


Percent
........
........





........
........
........

....- _.
........
........
........
........

........

........
--------

.... ...
........
........
........


.......

........


Yield




Percent
0 355
.355





.356
.355


.355
.355

.355
.335
.335
.335

.335
.335
35115
305
.305
.305
.305

.305
.305
.305
.305
.303
.331


Discount


Bid Asked


Percent
0.37
.37




.37
.31
.31
.37
.37

.37
.37
.35
.35
.35
.55

.35
.35

.32
32
.32
.32
.32

.32
.32
.32
.32
.32

.246


Percent
........
........




........

........
.---.----

........


........
........

........

........
........

........
........
........


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


Yield




Percenti
0.375
.375


37f---
.3715
.375
.375
.375
.3ib


.375
.375
A3M
.355
.355

.355
.355
.32"
.33)
.325
.336

.325
-325
.325
.325
.325
.325

.351


Discount


Bid iAsked


Perceri
0.39
.39


.39
.30
.39
.39
.39
-------
.39
.39
.39
.35
.35
.35

.35
.35
32
.33
.32
.32

.32
.32
.32
.32
.32
.33

.354


Percent
........
........



........
........

........
........
........


........

........
.........



........

........
........

........
........

.......
........
- ------
........I


Yield


Discount


Bid Asked


Yield


Percent Percent Percent Percent Prercnt
0.396 0.40 ........ 0.40!, 0.43
.396 .40 ........ .40ij .43


.390
.396
.396
.396
.396

.396
.396
.396
.355
.355
.35.
.355

.355
.325
.325
.325
.326
.325
325
.325

.325
.325

.359


--3
.39
.39
.39
.39
.39

.3g
--------

.39
.38
.39
.33

38

.38
........


.38
.35

.35
.35

.33
.33
.33
.33
.33
.33
.358
.3-M


.396
.396
.396
.396

.396
.396
.390
.186
.386

.386

.386

.355
.355
.355
.335


.335
.33.3
.335
.335
.335


.42
.12
.42
.42
.42
--------
.44
.41
.43
.42
.42
.42

.42
.42
.40
.10

.40


.38
.38

.38
.39


........ .374 .410 ........


Treasury bills, due
Dec. I and 0, 1917


Di6coun


Bid Ask,


Pir cent
........
........



........
........
........
........

........
........
........
........

........
........
........
........
........

........
........
........
........



-------


NOTr.-Throughout this form price decimals for bonds and notes represent thirty-seconds; a. Sunday; c, closed.


Market price


Bid Asked


Mar. 15. 1942


Market price


Bid Asked


I ~


Market price


Bid Asked


Yield




Percnt
1 .22
I "22


I il.
1 \w
I 473
I IW;
I 44'j

I 424
. 41'

I -II'
I 10,










I li
I 3111
I 3;i
I i;7






S35--
I a.



1 3V,7
1 3R-7
I ];t.7


'u 13




l' Ir,
Yj 1'.
'4,j '.'L






v'I '2,
w9 19 1




ii Ili

lit. ii
lull u0

lOu 02
100 (13


100 (i0
luO 02

9s i


Yield





S!9


..P i
I noI







1:7
1 4',.


I l'I
I. 452


1 311
I till

1 109
I 4.'.


I 31"'
I ')74




I .3,'
I 314
I i'


I 309
I "4'l
1 .0.

I 30'


9A .X.





'.'.i J(
'.S, I2
.1 'i i










'19 Il
'"9 U".
99 ru,






5'j u2
U 21
'. 12

99 1.2
u'r. I ;

99 I'.


9'' 21


94 .'%
0 23
-- 21
99. 24
1-.23


1 2.



'm :1


44 '.
'"J 01
J U.'
4.l f1).



9ii 09
.9 12I
99 II
I'' It.

.r.i fi
'., I31
.'l 21'.






99 .
99 2i

s' 2,"


Yield




Per ill



1 Ib

I 667

I. 37



I 5r3



1. 631

I 617
I. ;1

1.611
I 56"
1 W78

I. 568

I 5'7
I 567

I. 560

I. '67

1. 623


II1) I6.
100s 0


,)., 00

1.) II
li)u II
1(II0 II
liIi II

Ill) I I
1001 14
10.) 12
lull 13
100 15
Ilu Ii_

100 I1

IIJIi Ill
11111 1A
10) 23
Ilili '2.

1111t 2

i 2I
100 2r.



lIU 1;


o10 10
lOU 10




Iin 13
100 13
IUi) I

lolU I
lull i.
100 I1
1uO l. I
i00 17
IUO. 17
100 IS

iou -0'i
OIUO 20
100 2!


100 2i
lOu 23



100 2.
110 27
100 26
W10 2S
lUn .1

Ii.Oi 19


1.411 99 II


99 13 I 3'J.


Day
(July 1937)


I..............

----------
2 ............

6c.............

7.............
..I.............
8............
S.-----------....
10.............
li ...........
12..------ -----

12..............
13------

15 ...........
15 ------------

17..........
17 ------------





9..........
S20............
21.............

i. ............

251..........
------------
2-.--...---..
30-----------

2-----------

Averag-


Percent
0.33
.33



.33
.33
.33
.33
.33


.33
.33
.30
.30
.30

.30
30
.28
.28
.328

.28
.28
.23
.28
.28
.28

.304


Percent
0 437
.437
;..'.""
....

.425
.432
.426
.4211

.447
.447
.437
.421
.420
.426

.426
.426
.406


.406


.386
.386
.386
.386
.388

.416


I


I


I


~


I


I I I I I


I


I


Yil l


I


..--.--.-
........

........
........
........
........

..----.--
........
........
........
........

........
... .
........
........
........

........
........
........
........


..













Day
IJuly 1937)


Treasury bills
Dec. 1.. 15 17,
and 29. 1937


Diasount


Bid Asked


Percent Percent
1.............. 0.45 .......
........ ..... .45 .. ... ..
........ ........
S.............. ..4 ........
i.............. ... ........
1............. ... .......
...... .......... .44 ........
i ............. .44 ........


91'....... ...... .......
1 ; ............ 44 ........
I ...... ...... 4.. ........

. .. ... .. .. ........
II...
I ............ ........
7 ...... ...... .43 ........
7.............. .4 ........
1S ............. ... ........ ..

........ 40 .
40,
4 ...... 4
2 ............ 1 .. .... .
26 ............. 3 .........
27 ............ 38 ........
28 ............. 3 ........
q29 ............. 38 .....
30............. .38 .......
SI............. .38 ........
Average. .417 ......


, due Tresury bills, due Tram
S18, 22. Ja 5. 1. 19. and 26. re
1938Feb.


Dismeant Dim
Yield
Bid Asked I Bid


Percent IPe~ntd Percent Percent Percen
0.457 0.50 ....... 05 608 0.52
.457 50 ..... ..5 .62

....... 7.... ........ ........ ....8"

.447 .47 ........ .478 .48
.447 .47 ....... 476 .48
.447 .47 ........ .78 .48
.447 .47 ........ .478 .48
.-47 .. 498 .:0
4r7 49 ...... .49 50
.437 .48 ........ .488 .49
.426 ....... I .457 .46
.4;6 .45 ........ .45; .46
.46 .45 ....... .457 .46
".4 .45" ..... .4'" 7 .46
.42 .45 ........ .457 .46
.40 i .43 i...... .437 .44
.40i .43 ...... I .437 .44
.46 .42 ........ 437 .4


.386 .43 ........ .426 .44
.382 .42 ......... 42. !. .44
.388 .42 ........ .426 .44
.380 .42 ........ .426 .44
.386 .42 ........ .426 .44

.424 .452 ........ .459 .465


mrr blue, due
2,9, and 16,1938


nunt


Asked


Percent

-.......


Yield



Percria
0.528
.628


.488
.498
.488
.488
.488
.508
.508
.498
.467
.467
.467
.447
.467

.447
.447
.447
.417


.447
.447
.447
.447
.447


.-...... .473


Tremury bills, due Feb. Tresury bi
23 and Mar. 1938 Mar. 9and


Discount Discount
Yield
Bid Asked Bid Aske


Percent Prrcen Purcent Percent Perccr
055 ........ 0.569 0.67 ......
.55 ........ .559 .57 ......
........ ........ ... 0 ........ ......
........ ... S0. .... 2. ......
.50 ........ 08 .52 ......
.50 ....... 08 .52 .....
.50 ........ .508 .52 ...

.62 ........ .528 .54 ....
.51 ........ .618 .....
.49 ....... .498 .49 ....
.49 ......... .498 .49 ......
...... .408 .49
.49 ........ .498 .49 ......

.49 ........ 498 .49 ......
.47 ........ 498 .48 ......
.47 ....... 47; .47 ......

.47 ........ .478 .47 ......

.4 ........ .478 .47 ......
.47 ..... ... .8 47 ......
.47 ........ .478 .47 ......
.47 ........ .478 .7 ......
.47 ...... .47 47 ......
.47 ....... .4 78 .47 ......
.47 ........ .478 .47
.492 ..... .500 500 .......5 aj


NOTE.-Throughout this form price decimals for bonds and notes represent thirty-ecande: a. Sunday: e, ldoed.



























































*A


ils, due Treasury bills, due
16, 18s Mar. 23 and 30, 1928


Dimanel
Yield Yield
d Bid Asked


mi Perrent Prceql Percent PercuA
0.579 0.6o ........ 0.610
...67 .i60 ........ .10


.......628 .5....... ........ .
b .628 ...... .
.. .i2B .54 ........ ...
.528 .54 .......
........... 5........ ........ .. i
.549 .......
.. .49 .58 .......
.. .439 .54 .......
. .498 .52 ......

.. 40 .2 ........-
.498 .2 .......

.. .478 .50 ........
.40h .52
.478 .1
.478 .50 .....---
.4Th .50
... 478 .0 ......
.478 .80 -
.. .4,"8 .. ..... ....
.478 .47 .....
.476 .?7
.... ....... .
.. 7....8 7 .... .

=-








































N'ii" :

























.1
4r


262 08333 4234


I


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