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606
605
#915 Union Trust Bldg.,
Detroit, Mich.,
January 20th 1900.

Mr. C.A. Kent,
#17 Moffat Block, CITY.

My dear Sir:-

In further reply to the inquiries contained in your letter of the 18th inst., I beg to say that in order to get accurate information concerning the market value of Michigan-Peninsular preferred and common stocks, I have communicated with one of the leading banking houses of New York City, and, after examining the official records of the Stock Exchange, they have replied as follows:-

"The range of Michigan-Peninsular in December 1898, 20 to 27 1/2 Common; 70 to 88 1/2 Preferred.
During January 1899, Common, 25; Preferred, 85 to 91."

The selling value of the American Car & Foundry Company Preferred and Common stock, at the time of it's first public offering, ranged for the two classes combined, from 106 to 118, then gradually fell to par, which point it reached, I think,