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On February 2 4 , Bramlett Company purchased 4 , 0 0 0 shares of Delaney Corp. ' s newly issued 6 percent cumulative $
On February Bramlett Company purchased shares of Delaney Corp.s newly issued percent cumulative $ par preferred stock for $ Each share carried one detachable stock warrant entitling the holder to acquire at $ one share of Delaney nopar common stock. On February the market price of the preferred stock was $ per share, and the market price of the stock warrants was $ per warrant. On December Bramlett sold all the stock warrants for $ The gain on the sale of the stock warrants was
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