Bond Sellers

Money for investment being plentiful and bond sellers active, the sale of, U. S. corporation and municipal and foreign corporation and governmental bonds reached a new record total the first quarter of this year--$1,687,038,500 ($1,241,863,000 first three months of 1926).

J. P. Morgan & Co. headed the syndicates, selling $169,640,000; Kuhn, Loeb & Co. $161,803,000; Harris, Forbes & Co. $108,184,000. These firms were "wholesalers," who sold chiefly to financial institutions.

Great "retailers," whose chief business was directly with investors, and the total of bond issues in the sale of which they shared one way or another were:

National City Co. $363,721,000

Bankers Trust Co. 280,354,000

First National Bank 268,964,000

Lee, Higginson & Co. 253,750,000

Harris, Forbes & Co.*246,434,000

Guaranty Co. 236,963,000