AmalgamatedGeneral Corporationis a consulting firm that also offersfinancial ser

AmalgamatedGeneral Corporationis a consulting firm that also offersfinancial servicesthrough its credit division. From time to time the company buys and sells securities intending to earn profits on short-term differences in price. The following selected transactions relate to Amalgamateds investment activities during the last quarter of 2011 and the first month of 2012. The only securities held by Amalgamated at October 1 were $27 million of 10% bonds of Kansas Abstractors Inc. purchased on May 1 at face value. The companys fiscal year ends on December 31.