UA-R-GC-1914-01-01-1939-11-17_Page-071

$4,109.80 897.79 985.19 4,825.00 4,887.50 5,163.75 5,106.25 2,985.00 5,025.00 4,962.50 1,839.50 1,635.16 5,237.50 2,000.00 49.80 152.21 64.81 262.50 1640.35 1159.50 123.00 133.80 499.25 659.75 120.50 14.84 434.50 360.22 Appendix E Page 2. The policy of the Investment Committee for 1938-3) was to have the funds invested, 50% in bonds; 45% in stocks; and 5% in real estate mortgages; and we have invested within the limits of this policy. The changes in the University's holdings during 1938-39 were as follows: Sold or Called Book Value Profit or Loss $4,000. 1,000. 1,000. 5,000. 5,000. 5,000. 5,000. 3,000. 5,000. 5,000. 2,000. California Packing Co 5s 1940 Called ® 101* Detroit Edison Gen and Ref 5s 1952 Called @ 105 Anaconda Copper Mining Co 4s 1950 Called @ 110 Eastern Gas and Fuel 1st A Coll Tr 4s 1956, Sold @ 64 North American Edison Deb Ser A 5s 1957. Called @ 103 Southern Railway 5s 1st Cons 1994 Sold at 80 3/8 Pennsylvania Power and Light 1st 42s 1981, Sold at 104 7/8 Firestone Tire and Rubber Co 3zs 1948. Sold at 104 4 City of Toronto, Corp of, 4s 1945 Sold at 110 3/4 Canadian Pacific Eck Tr 5s 1944 Sold at 112 3/4 Aluminum Co of America 5s 1948 Called at 103 Ohio Oil Preferred Stock Called at 110 Scott Paper Co Cum Pfd Stock 4.50 Sold at 113 3/4 E I duPont de Nemours 4.50 Pfd Sold at 118 3/8 15 shares 50 20 tt tt Total Sold or Called $49,659.94 Profit 2,825.38 2,84.9.65 Net Loss on investments sold or called during 1938-39 $24 37 Loss