Caption: Board of Trustees Minutes - 1940
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1938] UNIVERSITY OF ILLINOIS 63 18. Nutrition Research Laboratories, an additional $283.34 for the Vitamin D Fund. 19. Trustee, First National Bank of Champaign, $2.30 to the Stadium Fund. 20. The estate of the late Mrs. Martin A. Ryerson, certain works of art including an oil painting by Henry Moret, a sanguine by Alfeo Faggi, a pastel by William P. Henderson, and two etchings by Paul Helleu. This report was received for record. REPORT OF SALES AND PURCHASES OF SECURITIES At this point, Mr. Moschel, for the Finance Committee, presented the following report of sales and purchases of securities representing investments of endowment funds from July 13 to September 19, 1938: SALES Price Book value at which at time of sold sale Amount realized from sale Par $1 000 5 000 12 300 Description Alpha Kappa Lambda, 1st mortgage note, due June I, 1938 Net profit G R O U P INVESTMENTS: 100 $1 0 0 0 00 $1 0 0 0 00 Pacific Gas & Electric Co., 3 j 4 % bonds, due 1966. . Indianapolis Power & Light, 5 % bonds, due 1957 called asof October 11, 1938. . . Indianapolis Power & Light, 5 % bonds, due 1957 called asof October 11, 1938. . . 103K 104 5 173 55 12 953 01 5 175 00 12 792 00 $ 1 45 —161 o i 1 K I N L E Y F U N D INVESTMENTS: 2 700 104 2 852 49 2 808 0 0 — 4 4 49 1 PURCHASES Par G R O U P INVESTMENTS: Description Price at which purchased Yield 103^ 105 134 ioo 2 I02f6 10714 ioo 2 75 3.55 3.71 4.35 3.75 3.61 329 Book value $1031250 525000 268000 530000 718375 322500 $10000 5000 2000 5 300 7 000 3 000 Virginian Railway, $H%, due 1966 Gulf States Utilities, 4 % , due 1966 .. Bethlehem Steel, 6%, due 1998 Indianapolis Power & Light Co., 1st 2>H%> due 1968 Indianapolis Power & Light Co., 1st 3^+ due 1968 .Inland Steel Co., 1st sinking fund " D " due 1961 Indianapolis Power & Light Co., 1st 3-K%, due 1968 United States Savings bonds, 3 % , due 1948 K I N L E Y F U N D INVESTMENTS: $ 2 700 3.75 3.33 270000 750000 D E P O S I T INVESTMENTS: $10000 On motion of Mr. Moschel, these transactions were approved. PURCHASE OF RADIO TRANSMITTER At this point, the consideration of the purchase of a 5,ooo-watt radio transmitter was resumed. Mr. Collins, President, and Mr. Craft, Engineer, for the Collins Wet loss. ^Received in exchange for a portion of 5% issue called.
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