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12
EVENING LEDGER-PIlfLADELPHIA, WEDNESDAY, JANUARY Jj
The East St. Louis
& Suburban Co.
5-Ycar 6 c,'r Convertible Bonds
Due January 1, 1919
Convertible at nny time
before July I. 1918, into
nn equal amount of par
value of 6 Cumulative
Preferred Stock unci
33 1-3 of Common
Stock.
Earnings for 12 months
ending Sept. 30. 1916.
after deducting ull prior
charges leave n balance
of over four times the
annual interest charges
on these bonds.
Price to yield 6.25 ro
.W,G!arft$eo.
ii am; r.us
tristaullslird 1S.17I
321 Chestnut St., Philadelphia
Ilontnn riilf!
WMkM.llirM
'"It'l"
January
Bond List
This list includes bonds legal
for Savings Banks, bonds ex
empt from State Taxes and
bonds eligible as security for
Postal Savings Deposits.
luuej Range of yield
U. S. Government . 2.00 to 2.90
Municipal . 3.70 to -1.25
Railroad . . 3.80 to G.03
Public Utility 3.G2 to 6.03
Foreign Government 5.12 to 7.03
Send for Janunvy Circular
I' E -SO
The National City
Company
1421 Chestnut St., Philadelphia
I
N.t York
IToston
Chicago
Cn rraocUco
Pittsburgh
The Elsstory
of the
Mew York Curb
Scnil for our booklet de
srriblnc; llic grmvlb mid
Important ftincllnns of
llic New York Curb
Market.
UI. fur K.'D-l. I .
JONES & BAKER
STOCK IMIOKKIIS
Widener BIdg., Philadelphia
Itrll, Walnut 1000 1.
Kejstons, Unci' I'JIW.
rn ork Huston
I'lllVUKll I'itlNlMII'Sll
5ieelAlhtjs rp.
ThH active Irsuo has
recently advanced
From 2y3 to 7
Writ, for Circular No. 3
E. H. CLARKE
Morton R. Alexander
(Itesldpiit Pnrlnei)
rtiiit'e 1141) Spruit.
Stock Exchange Bids.. Phila., Pa.
ST William &t. New York
Vewirfc. V. 3.
Hi: (ihn ami nrri:it
PHILA. UHBEriLYlNG
PASS. RWY. STOCKS
T.ensQl tu I'tihn Trartluu i" and to Klfetrtr
dfc leoplf3 Tract hm i I.e.iMi uxluiil to
Union Traction rrrin.inv mut r.i"s"U'tt' d lo
PHILA. KAPID TRANSIT CO.
Tnx J'ree la lViint.jlviiiita
Price to Yield About Gtf
FvlELLOR & PETRY
Mmibfr X. Y. A, l'hll i. Stud Kvrlnnect
3JU COMMUtCI.U, JKL'sr IIUMIIMJ
ASSAYING ORE TESTING
"" Expert advice on triitmnt of
orea of ry flfscrliilion
OGDEN LAIiOKATOMES
230 Chancellor St.
Mptnllurgte.il lZiitthtf ril
I'huno Lumbard -73U
Buy Kingman Zinc Alining Co.
Producers and shippers of vuM. silver lead mid
elnc ores. Owns 111 artjii In Wallun.ll IMatrlel.
21ottaa County. Arizona 'fhia dlalilit lun iiru
duced Stu non.oou. Muny Urtfu pruilurlnB mlms
nearby b'ult detail und enineera' rrpuru
on reuupat.
KIMIUAN 7INC JIINIXIi COMPANY
5l rorreat lullilliiff. fulUUcliihla
Farmers and Mechanics
National Bank
427 Chestnut Street
ANNl'U. Mi:i:Ti.(is
NOUTIIKBN Tltl.ST riHII'ANV
rniivi)i:i.i'iii v
The Annual Meeting of thn Ktui-lthnlder. if tha
Northern Trust Cumuany win ba held on
WetlnrniUr. January loth, 1017. at o'tloik
noon, at ton omee of tn. ruinuany, Sixth und
Spring Uardan t.. J'titladelutila. at which
tuna an awciton will b hld lor thr.e Dlrecturs
to earva for a. term or four sr
W. C UAllTKlt. Bacretary.
UNION NATIONAL HANK.
1'htladelDhta. DMflmhii. n IQlfl
Tha Annual Meetlnir of tlia SfulfhnM.F.'n.
th! llank (or tha alactlon o( nirvetors will ba
tbild at tha oankine houaa on Tuoaday. January
o. 1S17. batwaan tba boura of Yi to. and 1 p, dl
Cailllar.
ANM'AI. KLIUTIOX8
TUB ceNTUAIi KATIO.VAI. UAN1
Of VHIL.Utl.l'llU.
. , Dacambar 11, mis.
Tha Asaual KlMtlon for Dlradora of thii
Rank will ba luld at tba banklos bsuaa on
Tueadar. January U. 1VIT. batwun 11 a. m. anj
12 m. VlI. V. CONKAD.
T Caaolar.
ttSSa fSAMUUN NAXIOXAI. ll.VMi.
EaC llroad uud Clwatuut MlceU.
PtaUBalshbt, DecimW 28. 1919.
Tba Annual Election for DlraUora will ba ba!4
at tba bankiajr houaa on Tuevaay. January 9t
lSlt. beswaaa tha Iwura of ' noon and I o'oioo'k
& m, J WSt IIABIIT. Caahlar.
OIBKCTORV OF ACCOUKTANT9
CirlUld feJOU AnjunlauU
aj taiBttTatfr 2a
FINANCIAL NEWS
FIRST DIVIDEND FOR MID VALE STEEL
IS DECLARED AT $1.50 SHARE RATE
Places Stock on 12 Per Cent Basis Surplus for Year
32,109,16'i Kentucky Securities Pays Up
on Preferred Stock
Tin 5TIln1 Hiepl oml ordnarics Com
tmiiy toilnv tlcoldnnl mi Initial tniart-rly
illMilchct of $1 Bn tt ahnro oil thn lon,
iinn.noii mit"lanillnft ulrtrlt, prt j nlilf Pb
nmi.v 1 l RtiicUluitilr-rn of reconl .tmiiiniy
20 This puis the nlm'lt nn n II pc-r cent
)'T;. or fit. nn Hip pnr i-lil Is 3W, nnil
licaiH out the reports printed on this pnrfe
from tlino In tlmn rirntiy that nvtlnn
WiniUl l'ii taken by Hip compntiy tn In
miKiir.it inp; illvldemls n ml Hint thn rite
wouhl prulinbly br- t2 ppr ri-nt. Murll of
Ihn Pnntpnti.v'ft ntm'li Is In'lil In tills rltv.
im the rompiiny Is n Im'itl oiip. nUhollBll
Xcw YniU hin n irimil upresi'litntlotl oil
thp bnnnl of itlrpctfirs.
At the snnin time that the nnnoiineemenl
mi the illvldemt action was mnrttf the tarn
InpM for the enr emllliB tteremiier St were
loaile knnnn. Tlie ffross for tile vpkI" whs
i is.mil.i'TO, milnlitlnry pomiinnv rhnrrtes
Sfil'',;i)7. IcnilitR a bnl.tnre of t3T,51t.l?0.
Iippreeintlnn ivn t ri'sporisililp fo' S.fi2r,
r.T!i n tirt the liott'l Intivenl (1,310.730 Tha
MtrtiliiH ufler chniffes in.i $.12.1 0D. 1 04.
which Is eriunl to slit at n thiro on lite out
Manilltirt stoelt. or V2 I pee rent.
With this KhowlnfJ the Htreet thotlRht
that tlm (leelnratloti of the It. SO dividend,
whfrh nmnunlH to $.1,nnn,noo on the out
ptandltnr Ftoilt. w.ii iinseriitllv, na there
N still left n siirplui of ISD.lfi'i.lOt for lite
enr lifter the pajltionl Is made. Sttick
noldeiH iverr encoutufred by the f.trt that
tile L'ninpaiiy'n lnilne(S .is l.irirep In t!io
lat timirter of thn jmr than in nnv of the
three pi'.'ei rtlntr qtnirteis fxr neb of the
i,tinrteis of the e.ir the i'.'h lilllvt.'- after snli
'Idlaty eompany ehaws were a" follows:
WHEAT GAINS AGAIN
AS PEACE HOPE FADES
Owners Arc Inclined to Hold for
Higher "Prices Bulls Give
Good Support
i.iiun iiKi.r HviATitKi: iti:ti:Aii
HIM Mill. Jen. :i Tim en(lirr fornlnl
fur tlitit.v-nlv lineri fnlloHi:
Illtniilo timer illi fair, ni iledi.nl rhanse
la lemiieriittire, lt . ,
Mlwiuurl nnil Kuniiia n rally fair.
Hlvwi-ln I'etr toil ii. TliMriitl.lv. unet
lled, miller ni.-t'l.
IIIIiiiiimiI i 1'itr tuilu; Tli"ril,iy, na
M (lied end en'der. . , , ,
Inn i rutr twins llmrsilij, prnlialilv tni
hi'Htril. n.liler i.iirl'ie.t. .
erlli Iiiil.iilii lV.rtl bul. inMrr tn
olihl and 'llmrMlin . , ,
"inilli J) ilnl i I'a.r "niliy; Tliurd ly.
p'lrlij ilnittli, inltli r t-1 . jt
Nelirahkn I air Imlaj. 1lmril.iy. parllv
i Iinlilv, rnlilee. . ....
Inill-itiii I'nlr Imlny and nruliiil.lt' Inmur
ruw, Ml't nm ll I !i 11141" In teln.irriilire.
tjii'i-r Mlrlilmm lit !! I.id.l. I litir--iH
. iimlml'U fate . , , ,
I (inrr Mil Iilc.Mi I'nrtlv iiierrimt lml.iv
nnil Iniiiurrim. nut niiirli iliuiuiv In leni
lnT.lt ure.
I'llll'.MJM, J.m !I Hope of penuii In
thy Immediate future, hailnp; tlnlndlei fni'
tl.er. l'ie win-it maiket peoreil additional
material K.iins tjd.iy. owners were Inclined
to hold for burlier piloes, nm) there wan a
i. let lniTea.se In the number of new buyers
Uffi'i'hiBS wero relatively seuree. olthoiiBli i
at limes there, was proflt-taliuu?. homo
nervousness was occasioned by n cable tell
mir of the loss of several more s essoin.
Ui p.irls of lack of moisture In the .South
west utltnr'ed intention. There was ob-BissiM-
bull Mipp-rt eterywbere.
Artie liatinij been as low as $l.S0i,
Mv ruse to Jl.Sii-', uud llnitlicil at 5l.8li
a 1 SO, ac.iln.-t ll.gil'a nt Ihe end ester
da". Julv . i. Iter
IrliiM'd up to II
ISJin, ucalnst 1.40"4. estenliiy'a last
pilee. Septeniber, after IlilviiiK deellued to
jesii t day's tlnal iUOtatioii of $1 30V1. ad
i.uuvd lo ll.tHi and finished only !4u be
low I bn best.
It was averted that the demand fiom
abroad continued to follow the l'li-f. not only
lioie. but tit the sea bum d. the gulf and in
the Suutlu. est.
The Price t'urrent bulletin wus bullish.
It Bald that lite condition of the new crop
is slightly less satisfactory than ut last re
ports. I.eudlntf futures ranged aa foltowa:
Vea'dav's
Avheiit Open IIlBh I.1W elniRi eluae
lliiv l.xi'i 1 hi;
Jul I. IT" 1 aV'i
.Sun. .-. .. 1 .'lll'i l.tl'j
urn uu'W ueiiyrj
rir.d. $0.803, JOT; seeonil. Sft.3ng.nS8; third,
D.51S.GG3. nntt fourth. SI3.21.1,t;0
Another Item of Interest won the rlcni'ltiR
up of nil or the bark duldentls on the pro
fetretl stoelt nf the Kttittlelty rSeeurlties
Comiinhv. The company today declared the
renulnr tpinrterK payment of l' iwtr cent
and nn extra tlfsbumement of 1 per cent,
pat able .tnnuniv IS. Announeement ns
also rmttlo of the pleetlon of t W. ttncoli
as pres'ilent, sureeeillns .r A. Mcfntthy,
who held Ihe position temporarily. Mr.
Uneon is Mce priidtiit of the Kentucky
Traction nnil Terminal Company, it tnibsld
lary of the company,
k'urther ltnproement wa noted In the
trndlmron the I'lilladi Iplii.i ll'oek Kxchantto
tedny nnil price moetneats were In mmrly
till cases itt the side of adanci'S. ftfost
aillc of the dlstlnrtl.v local Ishiips was
t'hllnilelpliln Rleetrle, but It 'tts mns'ly
below the final of yesterdnv throiiRhotit the
whole session, but was nnchnnffotl nt the
rlose.
A Inrito pint of the total denllnRS for
the day was repro.'-PMIi'il by I'nlted Klntes
hi eH ciimntim, tvhleli followed the lead of
Wall sltnel, nilvnticltiK mote than !'
points. fhlladelphlrt. Ilpp'd Transit trust
is rilllpates came net In Phllntleldiln Khc
tiic In mMdltnit Ihe tritiliiu; In lorn I ntneks.
and. nfler beltitj n fructlmi lielutv the tlnal
of yestetilay, ll .ri coveted and sold higher.
A Rain of more than I point wan es
tablished In l.ttkn .Superior.
TIip bond dhlMion was more tethe than
ll hns bum In some time. In nil, m ilif.
fennt Issues were bought and sold
Salc3 in Philadelphia
llloh. Inv.
.1 Am tin" 140 ISO
lit tl & S t c U.I OS
12 do pref M t,1
11.1 ram Klool.l!.. lo
1(1 Cnl Pel . . iOld 2"s
V Hied Nlor. im-V. 00?i
fin Hrle . . . 3SVi -Wi
I IT lnm'o.V A H St'
I nit Kennn t'op lO'JA JOlh
mn i.k sop f. i .
14 t.eh Nnv. . Hi's M".
I Loll Vnl'ey VJ 1Vi
inn I.p!i Vnl Tr 3.1 3
Irt Ml tiros .31 31
i .inn I'ennn It ll ftJ', otj,
Hi Pa Salt M. tin "
JhIk I'lilla like 31ti a
ISIlii PUT tr rfs ,'1'1'i 3P?i
I Phlla Tnie Kimi stir
1.10 ItcnilinR
f.2,1 Toll llel
Clete
I JO
01
As
14.1
20's
Net
ehftc.
h
0n-H k
3.ta'l
5-'l 4- tt
',
. t'
'.ft
tt
. llt.V.i 11)3
. I ll-lll I ll'tO
OivioHNDs ni:ciAuni)
HrouUlvit I'llv Hi llinnd. r'ath ir iiimrlfrlv of
J i. i i ..nt. MiM.l.io .lamlnrv ll to toi.u of
ri euro .luiiuiir :
.liilm .1. !' Iln a i'ii . (tmirterlv nf I pit pent
on ur-.-r-i r .1 etui, mill nn nnntiul ilMdund or
(I iitr isMit in. ta. tinp'iiim stwk. im.ablu .liinu
itr I., to ntoi It of rei.ird Jtiininrv lo.
t'nPeil tiru I'liimmir.-. icnu'iir im.iH.Tlv or
1 ir lent on ur i nrpririel sioi'li. eaMibln
i uItmiu'v I to Mink of rpiurd .tinman ta.
.Moprls Cannl nnd i'unltlim (oinpiii, iii;ttliir
"pinlanniiiil i,r a p r esit mi th pn-fi..rii nnd
2 prr i'tlt on the innxii Idulpil Mtneli. Iietti pu
aMp I-'i'i.runiv ll. ns nulptcrril Jaaunrv l.t.
llniniHtiiKe Mlnhne I'liluimiiK, raKulur uemtlih
of Ira i i-nta piii'tilile .Im.uiiry li'i In stock of
rwiinl Jnitiuir 20.
Killv-Hprhwllol.l. remiliir nuiirtprly i.f II
on iiilnuiiih Kfock. PTviibk' Ppbrunrv 1 to stork
of ropiird Ininiiit.v 15.
AiliPitiin i Isiir I'liinOMny, reculiir ipinrtprlv
of I'u pir i .'tit on eominnn stopk, pii)nl,jp
IVhriiary I tn sdiplc nf rruird .Inlttliirv la.
M'dwpsl Iti'flnltiK I'umpnnv, iiuiiitfrly nf p.r
petii. tia'.itite Ki-hrunry I tn imlil'Ts .nf r eord
Jo mint 15
I III Toll Mill . II 'Si
2 t'nlon Trac Iflti t0'4
in t Vn it Imp. )U noli
I lain V 9 Steel, us it'
inn War I & It V4 ii
1.1 W .ler S .inlf, mi!,;,
I In Win Cramp HOVi 31(
III Vork Itwy. 1.1 1 3
I (I I do pref. .10 SB
IIIISHS
lush.
Sinn A ISI!I u,,'-'-i
I non
in. if,
2 1 if,
dls
?1Utt
211
SI
.11 &
!0
:I3 ',4 ... .
8414 V&
diinj n
Hi3'j W
1 s 1 -1
:,!i'i 3. i it
4 li i, . a
oott
11.1 -I.VH
o 1,4
fin', I I
Hil,4 V4
II
3H
rl
I .ow
!n',4
4IUHI
Snoa
fin a
Sun
.limn
r.iMin
Ctn"
tin, 4
city is !"
IPC . ...inava III.ISil I ". I vn
insvi
ln:i'.4
do '31 rR 10314 I03t4
do '13 rR.initt tn"'.4
do "Ha ep.lll.1tt 103
tin 'IS ru in.ltt
do '41 . . m.'IVi
do '10 ep in.ti,n
I nun Kipilt III l.
r,s HiJ
2000 Key T 1st
lis DM
.mini Lake r!"p
hie 4s . . .14
10(111 l.eh X cans
4'jS . ln.1
lofto I.eh V 1st
4a IMS. Mil',;
HUH) do Ren Is (II
Anna do talis
4 'is '0.1 luoli
7001) Pa Co pen
4'js 103
I nnn do cons
I aa . .tool) toi!')
anno Peo Pass t
c 4s 7
limn I'll III 4s. Oil
3IUIII I'll It ft W
Is Oil's
sunn Head nn 4s a,T,
11,111)0 Mpnii-Ain I
fin 1 0 1 " i
Ill3'j
HI3 ',4
ins',
ion',
10314
lu.l4 )03',4
in? in:
07 ni )
Net
thlte
14
I
Ill3
1(11 Vi
iioiJi
101)14
104B
a
on
!la:'4
IOC!
I n t tt
1)1
tnnji
ln.1
i no
HI
on
iio'i.
t)9i
lUtni
I5AK SILVKIJ
III 1 1 III
ll.lll I
Todav
1 1t
W.il iii
I'AltlMll'.lllll'S
r-;,v- xoiifi: ii iii-it i:itv i!ivi:.v thai-
A th" piirtiiprHhln ixImiIiiic liptisppti llalplt
riliullll null IWliuril lli'luni, tnidiNK ns Ciiinllli
A U'snin is UIsi-oUpiI on Hip -(lib day nf l)e
, . ml)'i loin All iIpIiis nulla; to tin partupr
hlp an In In pr noiilid (n I'atllllll A. rrpplnntl,
nn,) ii I il. lii. mil- nn He parlti. rhlp nm to lie
iiri n' d " '"" "I ,(- ,'r'" '" '"
1 ll.M.l'll rwill.M.
i:l)VAItf Uli.M.M.
bus Wilnut hlrert.
haling been off to II.IO'j. ,
I.S2''4. endliw at ll.fiS'vi)!1 j
1 NON l.SH'a 1 Ml'.
1 w l re". 1 4;
l.aii'i i.4C-j t .ni'
Sla.
Julv
tJal
May
Jul" . ..
land
.Iiiiouiry .
.Ma . . . .
Win.
Jaiiuury .
lrk
Jnttuary .
Urn .
Hid.
ll.'.'.
Ul"
fifiji
. 1 I til)
. .1.1. IT
.13.0.1
,.11.13
. t2d on
. .'ii. i. n
tAsked.
DO3
l)!l
.-ih'i
03
13. 10
13. CO
3,03
UAH
S" 11)
UU.Kfi
oi;
0
32'
l8
RS'a
113
a I
a.V-i
14.N3
l.'i.ns
1.1,11.1
11.13
13 111 tl.". 117
13.110 tlB 57
13. or. tTS
14 IU til 2U
20 S3 2T.1U 2T 11.1
20.00 jJll.KO 2H.IIT
A Promising Lake Property
Under Lcwisohn Management
$1,000,000 CASH IN TRE SURY FOR
PROSECUTION OF DEVELOPMENT
A Feature of the New York nnd Boston Market
Circulur and map on request
James O'Brien & Co. Frank J. Smith & Co.
35-37 Broad St. 50 Congress St.
New York Boston, Mass.
ROWN MOTHERS
rouivm ani CirEsrrNvr Streets
PHILADELPHIA
BONDS FOR CONSERVATIVE INVESTMENT
YGffSc Kaifiways Company
First Tilorlflafle Thirty-Year 5 Gold Bonds
Dalcil Dcci ruber I'M. Due December 1, 1937
Free of Pennsylvania Slate and Normal Federal Income Tax
Price 98. and Interest, yielding 5.10
'Ueneriftliie Circular Upon Request
$350,000
Bartlesville Interurbaxi Railway Company
(OKLAHOMA)
FIRST MORTGAGE SINKING FUND
Dated January 1, 1917 O O (jOlU OOllClS Due January 1, 1947
Interest January and July Redeemable on nny interest date at 102 and interest
AUTHORIZED, $1,500,000 OUTSTANDING, 5350,000
Additional bonds may be issued nt 85 of cost of permanent improvements, etc.,
When net earnings are twice the interest on all outstanding bonds
LOGAN TRUST COMPANY OF PHILADELPHIA, Trustee
Free of Normal Income Tax Pennsylvania Tax Refunded
THESE BONDS ore issued for the purpose of refunding a loan (called for redemption at 102 and
interest on January 1, 1917), which we placed in 1910 end which, being closed, was inadequate to provide
for the future growth of the Company.
We invite attention to the following strong features which, we believe, combine to make these bonds a
Eound investment.
They are secured by a first hen on railway, light and power property, having n replacement value
of 5583,000. The Company owns and operates the only electric railway and the only light and power property
serving a population of 20,000. Sixty per cent of the Company's business is contributed by light and power.
Net earnings are nearly three times the bond interest. Doth gross and net carnings'have increased 4Qtf
since 1912, when the Cities Service Company acquired the property.
A Sinking Fund, immediately operative, will retire nearly 90ft of the bonds before maturity or sub
stantially increase the property value securing them. All of the property is in the highest state of e'fliciencv
having been thoroughly renewed within the past two years.
With one unimportant exception, the franchises extend long beyond the maturity of the bonds
The territory served is rich in natural resources, and the population is rapidly increasing.
All of the stock of the Bartlesville Interurban Railway Company is owned by the Cities Service Com.
pany, whose capital stock, par value $76,882,(592.00, has n market value of $120,000,000, ensuring stronit and
elbcient management.
The following comparative statement ehowS the crowth of the business since, 1912 .!, t, n:.:
Service Company acquired the property: '
Gross Earnings
Operating Expenses
Net Earnings
Bond Interest
' 1912
$108,653.25
67,232.31
$41,420.94
12,570.00
$28,850.94
1916
$153,163.42
94,812.29
$58,351,13
- 21,000.00
$37,351.13
-rJr
Surplus
A large proportion of the bond having been exchanged
or told, we offer the remainder at
100 AND INTEREST, RETURNING 6
Temporary receipt! uiill be delivered exchangeable for '
definitive bond; when, as and if iitued and received by ue.
EDWARD V. KANE 8c CO.
MORRIS BUILDING, PHILADELPHIA, PA.
i?HILADELPHIA COMfaciAr MARKETS If
?f?.?e. do. wrtZTS
wu'f i ti ( Minn , iii ' :
ted. Mint. l nlWl III:
H.ti2: Hintii'T .Nn :
No
ml
GRAIN AND KLOUIt
III IIP- ,."... p..- " ', . '", ,. ,r NO 'J
soul hern red 11 vp
II sitii :"'.r" '
fed. 1 Sjuri in): replied A. ll"""1
Jcrtfil II. Jl 7!ll 12
mitS lteprlpl l I'l'l Jiusn
was He i
ivrfltprn
TIP
1
The mirttet
hlal rr. with IIBht n!Terlim anil sronw-r
nTMir llilotnjjoiis ,J.',''t!0,,,l.',,2.,
if, . t iocv. -" i.a'i" lor: ,- t
sa: Aw; oi -i . i n. '.v. l ,,M
'-- '".'! n-'.rJ V.. ".V ...'.:. " iVleri tllMIll-
i.n I ri iipipipi". i",". .ii.. ;lllrt.lnfth.
niMinppd Ip Ii"! trade tins nnlel. uot ".yPj1
Xo 2 whip. fi'J'iffi-li. Btnndard walte m.
Jl2e, Nn 3 iihllp i.nu IIU, No. 4 hllo. i.UW
l,(ti . rntntile nnts tiuwuip
Il.tifll llppplpts. 131) U.H and '".,",'"''",':
in Knpkn The rtiarkpt unfl npsin maiipr in
HMnpntliy with 'wilSat. liut VtP S'wnnd- win'.'
dolne Qitotnt nn, per 11"! His, h SV""'. '?
t"r? tUar. 7fii)7 7n -K stMlnlit. ..iB
s:'.! i" Pii.nl. S23S,-.n. Kansas, plear.
rnllnn pts iSS.IWNftn: do. stialSllt.. I'nlton
nnn '.. i,',,'
SIIPS ll"l I'. 'I". nil'" i '"'.'. '.- u.i.
ii.aft unrlne. Mrst ipar. " a,''7,,,,,V.5V V-'v . iv
!bl!2.1. do. rsMirlle brands, t" ?;!&?, '.: J. J
mills. Itlnlpe Slid fun. V twlel't. ",d, if ROW
mills, ii niilnr crml's--AV.nter '"' .,,,,i"K
T.T3; do. airiilshl. 7 7MC8 2.1. do. paipni, s .a
DAIRY PRODUCTS
..... r.A1tilfl1fr
Wt'll' HJll llll.l.M
IU11 ri iiiiip
onlv for
I, I Hi III
ffiiR All
nvn n.ot'ii whb nm. itt hum.
$? aaiT ??V per1 bbl . na t mwbIH
PROVISIONS
W nun to !
til "P1tt1 tliii r.m
" ."..,:"rr,,.a ..; .p i.
C"' V- "V.'.":... 'V.i. . i f.ll..wln- nn
ntllhiT UI sin- ("Mi'"'. ',', i. ,-,, , .
tntlnns- Wislprn, rt.sVl snllil PBPke I . r.
... mf.h ii. avimi firti ,r)"i .I' 1" . '"I1'
3.l.e sppends .Ti'iiM-: tuarlij jrlnii.
sei'iinieV r5w37r. spell.! fan. liramls nf prints
joiiwmt nt te.feilip ,
riiiiii tp-nlraliV frrstt peRs v it nenree nnn
nop tier .ase lilSliPi. Hmrnne tans niltnmeil niie
r,,Ief VnVnll suppf'S v rr!" "msllv 111
small Ints it n pri-ftilunt nver whplfsaie ntmln
? I.n" whleh vtT" In'irelr nomlnnl. lis fol Iohs:
Vpnrbv Vitras. file l"T de? . npsrliv tlrsts x I ,u
pVVeese "'pearl-!, iiirrcnt repPit.li... I ,1 -iTi per
iw. p!dprli pxirns. ir f 1S7V,
f.i. It I. ill Per iiise; ""
rnfrlcprni
.lnmiirv
faite selected eindleil fresh egss ero Jobulns
"SMlESn-oril.r.nas were moderate nnd lln)
nsrket ruled steady, but trndo.wns nulej. I o
tnnlntt are the limitations: New Ynrk, full
inwum "f',.v i,,, 23U Oa.l'ie. spee n s
Wan r. -la i" " fair Jo. "''. '""'' '' W
Iln. part skltns. I3ff2lp.
I'OULTKY
t.t r: Tin
inni in
itlons:
jr. ifn l.k-:
111" iiiin
iirn-ri.
lots hlBlier,
IMS!
fam
IIS It .PI.
mi' . uui ruin
nrst. SI I -Hi per ease;
ntfir tcsi. smraee nn.l Insuranre f.ild to
"l extra. Ill I" I'er enne; do, firsts,
per' ruse, ill Vnl. '." S'lJf.W."
hmrlnl rnlpil tlrtn tvltll demand
rnn'nl to th ntrprln-s nf tplrnlil pimk tjuo
in Wins! Kmtls. ns to u.nlltv, lli.2ii. rnnslers.
The market ruled stpmh ltl. a n,J"t".y
ilemind. rnllimlnir are Hi" " " "' .
lipef. In sets smiiUed nnd nlrdrk-d. .lie. "'
ern lipef. In sls. smnin d. 31' ' , 1. ",;,',
kmiekl. and letid-rs, , smoked nnd,
?e:. Jjiernis-ei. ...: ;. ;!,, fnn1i
PiTIDKCU. tl'-j "'"'I
nnifen:i: lining
l"Klllii,fl. inni
nnpitiir rhlfknir.
s:: ;?..- i.'.i'..-. :.... -
i iifrrxirt unirc
tsL'tJc; dijf kit
nStti.: T2SJ,3n pnrl! ; fnmi.v
H ! eitrPll. Innellljltl'te.
e Is'j tl l!'i h d". "a. smoked.
Inims. stnokeii. .!' e'lreil, as lo
f.pnpillnir In ntlillltv
c l.rRhoris. neiorillm; to unalliy.
nu to size nnd nualllv. IsnKlei
lurkpxs. L'J'e2Si. kpps". INW21C! PiKpqns. Clin.
per pair, ::s't3iii. do. younu, pnr pair, uw-.i
DItnsSIJU 'mere wns a.smi.1 outlet for nne.
ilrslralip.sl2ril s-rek and Miluro Kiiiernlh
wpre iveil sustiiliieil .. 'rhp quotnllons are
ns follows: rresh-Ullteil. .Irv.paiketl tur
ii vs. ppr 111 - ''siii nenrnv. olral.:
fnnpv western. 3Jfi3.tei fat- to Boisl .l()3le:
toinnion. 2.1W2SP. rows lutoiinii dr -plPkPd-
I flt.l.. seilllPII. -IPJ lvrisiiniK ,.",' " .p".-.
in'2iie. ntner iinms. sinus". " W1.SI. i g;t ,, I t,s nplete. k.ici no aj ins. ni.iPie,
Irsnil nnd nxeraire 2 i'. . .""'"" ,;n,nS?i1, , rnle ' Sl22eide 3 IPs. npleee. ttil2ie.. fowls. In lilils..
rn cured. "(i'e: do. tiollp.1. fonei-s" nc. I emc . . , ,,,, IHl .-, d n-er
Kti.iuid.rs. . J, pored. Inns. . ' "iV'itA iiiilnV, 2,1n do. . Mis npl-.-p. 22e. rmaltiT sl?es
llie: belMes. In tiiekie ""..rilln to nj-r an 'jta , P;,0,lr ,n pieked. ,I7c, rni.s Ins
loose. l. hreakfnsi lie.nn. as in wnnu Bn. ii . , ,ir.-p i,mi I l,oj. s, wpIkii
nversBP rity eared. 2t,,r..krflst'npni I fm k -'Mi-.',,.""' r.r
ern inrril ale: I. rd. YiS "inl "urn pin I Pair. 2lf2.p. do 7 Mm per iwlr. 2J2Se, rnasl-
ISe: do do. ,'to. lul'. V',' ', .r'V V",V , y an hi. kpns. ileslern. lee-Riekeil. In bids
u. It n rrn.lprp.l. In IPS.lsp. lurn, pur' ''.J. , .''Tt.i.iL u n.a n.l ..per nep nnlr. "lalPap most
iiKtiln rpnuiri-d In tubs. I ft'
HEI-'INED SUGARS
The market wns dull t !..'nl,: rexlseil
tlBiires. Itpflnpra' list ui lie; P.xlra line i.nn
itlntpil I flTile: powdered, ll Me. piinfeetloncrs' A,
C, file, soft itrnilps iiwnniii
i "'-.sii'iip '".."'. :..: ..'ii ..! 'ui..r. ? n..
lll'i PlllCI.enS. !psi.ti. ll. nine, i.uiitiiiiih '
re- pair. 2.)?2li , iirnllliie ihl. kens weslern. In
limes welal.l.m 3l llis per pl.. MJe'-'.ie.
ehlckens welnhliiK ftWd His rer pair. lOWjiir.
do mlseilslr. s I syi..e: broilers. Jersey rnni y
."iWIIIc: do. mlier nesnv. w.'Klilmr t'l2 nw
pplepp. 27tf2Hc do. tipotbx Ninnller nl7s. 23W
2"p iln.ks, hPrtrbv.
i.e. K.IH11. iipiiroy. i.-.'M.'lP., do, vmlir"!
t.'p. sinjali;, white, tivhttilne llOis&Xl
dra. S.1.7nC(fn. no. do, !iMiIbs , a.1.
fV?' Jo?; IV nT.V.,0d,fs'V
nlitf a vcrp
fifTf t hipo ntul ii
tlr. in-r hi
(lolilou, SI
iln, uiiRmtlril. $ . fr :( "r,
r art, ho .iinRriitii
1 (.irfi'.i .i: no. uiijirn
FRESH 1'RUITS
RieiUIIV tied Una..
" f"lr demand liiiotiiiJsp,
Divls. J3W3.1.I Hildwln No t ' .'.'5ljS
k".i
l-"i '
a: do
ntPrla(
Rn .!1
1, It..:, do muraded 12 3utt3 so ,'
N'o. 1. Itniifinn do iinurnoed ii HW
AppIp". Niirthwpstern n r box ' ?5.ilS
lA'inons pi r. box J .Ofq t llrnnplJ 8!?ta
I'-r fiate HrlKiit .!' 2l,',ri ;r,r"n,??"- VWZ
ii) Tannrrlnis rimi,i.i . .!'"". K
!l fill, llriipclnill. Klorld.i per prniIp'.."S
I'ltnnpplis Hiirldi Indian m,!?"' '-3
jj!2f. ; 2.1. Cmniierrles ar i'SIi ?' Pfl
1'nnry latp MirliMI. s hitis .;.,vJBr tul
il Ml. I'ranlii r-lis i -p.. i od Vir iL '. Hi
S.10- do Jprsiv da, l' n,.r eraietrWlH!
do, do llBlll. per , rnlP i l,uj t stV.Il
i iorni. t'vr nuin ihp nn ""nnn
VEGETAIILES
t'brdi p BtncU soli' fahlv nnd ...1-.1 .
llsl.t olTprlnps 'jn.iinttnns Whin. V?.
Ser niiii. 1 riiiis imih a 1 hnlre .1 oVi,1!
Ipw Vi.rk, cliol.p SI 7". 'i I m! Whiil'll9'
Jersej. per linBket. sn.aj , sh.i ?""'
Atnryl.iml. .Iier lllllnnel II Jalr.ntr,.H
tuiliili" s Jersev. p. r b isk. 1 , 1 "
No a. Jneibiii nninns p, r iuri.IV' i?'J
II .'.(KM 7a, o ' :n, 1 J-, lui S'v.b"r
Islt. pr ton isiifis-, spinuh vJ.Va.lS
iibl. It r.lifr2 Kale Nnrfoli per'0k&''.
1 '.'1 1 Hllll.HUI . r .1'iriiiK tir r prill, tiki
tvlluee Horl.n tur l.nk '. "nSlf'JjllB
Mn-lnla. wt I111.1U. 1 1'. Mi do N?,'A1
linn, per (iasi.Pi sjifri?-, li.ans, f-ffi!
Inskei, "Hj.i llaap hint l Inrkia i,3E
12 2.1 W3 .111 PPl-p. rs I'm Id, per i ,.il
a Kuu.sll. rinrlda . r h.,x HllfilV'VH
I'lorlda per ImsliPt 1.. -,-,(! TonV.1-V.Osxl
Id i piritnt' fi'if.l "" n
Wheat Steady in Liverpool
T.ivnmni)1 .l.in .1 ,t wheal
itcnily nnn tinciiniiReii Imlav with vjW
linril winter limited at 1 7s 4d , riaril iB
2i1 ; No. 1 tini'lie-i! Iiulntli lisSd.i.jl
tinitberti .Mnnltiiba obt I7s 10'jtl'' y ll
limllinvll Xtilllill.ltl, ..lit 1?.. C.l ' '9
We own and offer, subject to prior sale and
change in market price, the following securities:
Bonds
AMOUNT NIMH n' MlUllrltT n f"T.
$25,000 Consumers Pr. Co. 1st & Rfdg 5 Jan. t, 1936 J & J 1
25,000 New England Power Co. 1st Mtgc 5 July 1, 19d1 J & J 1
50,000 Southern California Edison Co. Gen.. 5 Nov. 1, 1939 J & J 1
100,000 Northern States Pr. Co. 1st & Rfdg... 5 Apr. 1,1941 A .& O 1
50,000 The Colorado Power Co. 1st Mtge 5 May 1, 19d3 M&N1
10,000 Muskogee Gas & Elec. Co. lst&Ref..5 Dec. 1, 1926 J & D 1
25,000 Otlumwa Ry. & Lt. Co. 1st & Rfdg.. .5 Jan. 1, 1924 J & J 1
25,000 Mobile Electric Co. 1st Mtge 5 May 1, 1946 M&N1
100,000 Twin State G.&E. Co. 1st & Rfdg.. .5 Oct. 1, 1953 A & O 1
75,000 Great Western Power Co. 1st Mtgc. .5 July 1, 1946 J & J 1
50,000 Tennessee Power Co. 1st Mtge 5 May 1, 1962 M&N1
100,000 United Lt. & Rys. Co. 1st & Rfdg 5 June 1, 1932 S & D 1
25,000 American Gas Co 6 Jan. 1,2016 J & Jl
50,000 American Gas & Elec. Co. Deb 6 May t, 2014 M&N1
25,000 Citizens Gas & Elec. Co. Consol 6 Feb. 1, 193 1 F & A 1
20,000 Excelsior Springs W., G. & E. 1st. . .6 June 1. 1932 J & D 1
100,000 Nevada-California Elec. Corp. 1st. . .6 Jan. 1, 1946 J & J 1
100,000 American Power & Light Co. Deb 6 Mar. 1,2016 M & S 1
100,000 Appalachian Power Co. 1st Mtgc 5 June 1, 1941 J & D 1.
25,000 Arizona Power Co. 1st Mtge G May 1, 1933 M & N 1
Short Term Securities
AMOUNT NAME ItHS Mat.lrllJ Int. P.ir.
$25,000 Louisville Gas & Electric Co. Notes. .6 Apr. 1, 1918 A & O 1
40,000 West Virginia Trac. & Elec. Co. Notes. G June 1, 1917 J & D 1
30,000 Winnipeg Electric Railway Co. Notes . 6 Jan. 15, 19 IS J & J15
100,000 Arkansas Val. Ry., Lt.tSc Pr. Co. Notes. 6 July I, 1919 J & Jl
50,000 Northern States Power Co. Notes G Apr. 1. 1926 A&O 1
50,000 Mississippi Valley G. & E. Co. Bonds. 5 May 1, 1922 MsSc.Nl
100,000 Great Western Pr. Co. Conv. Deb G Nov. 1, 1925 M & N 1
100,000 United Light & Railways Co. Deb 6 Nov. 1, 1926 M & N 1
100,000 Middle West Utilities Co. Coll. Trust. .G Jan. 1,1925 A ?: O 1
100,000 Standard Gas & Electric Co. Notes. . .G Oct. 1, 1935 A & O 1
Preferred Stocks
SIIAnKI NMK nate TJItMeml Period
250 "American Gas & Electric Co 6 Quar. Feb. 1st
1,000 California Electric Generating Co. ... 6 Quar. Jan. 1st
500 Northern States Power Co 7 Ouar. Jan. 15th
250 Utah Power & Light Co 7 Quar. Jan. 1st
500 Southwestern Pdwcr & Light Co 7 QuaT. Mar. 1st
200 Texas Power & Light Co 7 Ouar. Feb. 1st
100 Illuminating : Power Securities Corp. .7 Ouar. Feb. 1 5 til
500 United Light & Railways Co G Ouar. Jan. 1st
2SC Western States Gas & Elec. Co 7 Ouar. Jan. 15tll
250 Mobile Electric Co 7 Ouar. Feb. 15th
250 Pacific G.&E. Co. (Phoenix, Ariz.). .7 Quar. Jan. lOtl?
JIO I'sr Vslue.
Dcscrlptice circular of any of the ohole
iccuritlcs will jtnt on rcquol.
William P. Bonbright & Co.
Incorporate!
MORKIS WISTAR STROUD, JR., Manager
437 Chestnut Street, Philadelphia
NEW YORK BOSTON CHICAGO DETROIT
London Paris
William P. Bonbright & Co. Bonbright & Co.
Trier In
Mi Id il.n.iit
5.00fb
5.05
5.10-;;,
5.18
5.25
5.33
5.35
5.50
5.50
5.60
5.88
5.90
6.00
G.00
6.00
G.00
6.10
6.18
6.25
6.75
Pi let tn
Vlfh nlimit
5.13
5.50
5.50 ,
5.75 x
5.95 '
5.97
6.00
G.12
6.15
6.37
Prlf tn
VI "M nlHiut
5.94
6.32
6.93r?
6.93
7.00
7.00
7.18
7.50
7.53 ;
7.70 I
7.75 1
1
Eunicipal Bonds
For January Investment
122,000 Westchester County, N. Y 4 1949.M55 3.75
123,000 State of Georgia , II. 1944.'4 3 80
435,000 City of St. Paul, Minn 4$ 1931 3'80
I ll'Tn rj!y ff Sn,cT,na&-hi 4J 1936 3'80
'SS 9. ly i Du.luth- Mnn 413 1944 3.90
45,000 City of Atlantic City, N. J 4i ig41 .43 3,95
40,000 City of Los Angeles, Cal 4IA 1931-'42 4.00
25,000 City of Seattle, Wash., Sch. Dist ,, 4 1928 4.00
51,000 City of Portland, Ore 4 ioiemc 400
H'nnn 5?iroufhMofI,,lirY,fw' N J 5 1936-M6 4.15
1 1 2'nnn ?-!y l AMH'le' ' kf ' ." 4 1 937-'39 4.20
Hrx'SSr. ,ly of Ventnolf Cltv. N. J 5 1931-'41 4.20
??'nnn lan?g,?n FKl lch S 1923-'31 4.201.25
51,000 City of Fort Worth, Texas 5 Various 4.25
32'Snn ! l n? Antonio, Texas, SchiDist 5 1956-'36 4.30
ll'nnn f ' n B,rmmham' AIa , , , . 5 1941-45 4.30
59,000 Leon County, Fla - 5 1941; Ont 4 50-4.60
235,000 Jeffereon Davis Parish, La. . . j 1932-'46 4 60
265,000 City of Halifax, Canada ......'.'.'.','.'.'. 5 1951 siSS
Legal investments for savings banks aid trust funds in New York State ' " y
In addition to the above, we are offering a number of
other municipals at attractive prices.
J3nuary circular on appllcatlsn
R. M. GRANT & CO.
BOSTON 31 Nassau Street. Wow vfi euifunn
I . :
-, -T----j .w.. v4. i uutunx"'
t T ' "'""" " WI"P.1 la ' ' -'"'
z&gi
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