Per Cent.

Sept. 1,

Stock

Sept. 1,

*Connecticut Power Company, The, Common

Galveston-Houston Electric Company (Coupon
Notes), 7s, 1922

11⁄2

32

Sept. 1,

Jacksonville Traction Company, 5s, 1931

22

Sept. 1,

*Key West Electric Company, The, Preferred
Stock, 6 per cent

11⁄2

Sept. 1,

Northern Texas Electric Company, Preferred
Stock, 6 per cent

3

Sept. 1,

*Northern Texas Electric Company, Common
Stock

2

Sept. 1,

Sept. 1,

Sept. 15,

Sept. 15,

22 *El Paso Electric Company, Common Stock... 21⁄2 Galveston-Houston Electric Company, Preferred Stock, 6 per cent

*Payable quarterly.

Dividend rates are based on the last declaration.

3

Pacific Coast Power Company, 5s, 1940. ... 21⁄2
Seattle Electric Company, The, Seattle-
Everett, 5s, 1939

OF

Companies under Stone & Webster Management

August 15, 1920

The Securities Department executes orders on commission for those wishing to purchase or sell.
Requests for information in regard to the companies will be answered promptly.

Quotations are approximate. All stocks $100 par value unless otherwise specified. *Cumulative. †Ex-Dividend. A. Listed on London Stock Exchange. B. Listed on Boston Stock Exchange. L. Listed on Louisville, Ky. Stock Exchange. N. Common shares have no par value. X. Ex-rights.

The Securities Department wishes to bring to the attention of members of the organization the following securities which it recommends for investment: