rw" ".-
&A1
.'jJ
- fr"'Jr . LwiaiKaBn&tw y . . '.i
- .: s
r arr
M -" V-?"'
:",! "m. ,.; .?.'' T.niJBHW5KHIiLKr.B'fl: . . wt-. ' JfSSURU1 J WW .f J
i1 w
EVENING rUBLIC LEDCilSK IMdlliADE
r ' Wi
& fj '''
. rr -'-x ti&vfflfws&?&?W'F
LA,
i JL
inl)l ii i, ll
Ti r l I y I I 1 t- "
AiWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
gt-.
re & Ohio Railroad
4 4'i Equipment
' y Trua Csrtifieate.
L
ES
J 11 .
Troti Certificates
'erUHy April 1. 192127
under th Philadelphia Plan
ORED h? mnndarrt iu.p-
ri rostiDft twtnt-nr per
m ticM of the I bun
CotttDinv Iim rM dividend
It preferred and v common
n continuously ior is jrs.
MKice to vielS 6
fJend or Circular PE1G6
Jta Nationality
S. vumjm.ijr
JffTOfio'r" Oficet in J Cittei
Miae.e.U M21 Ckeit-it St.
pJti Telephone 55S Loam
f Short IrrmAelM-Artrplanrf
fe i
t NM IIKIMhS
(" T
f t
?il
.vi
H the company's status
been impaired or Improved
PfpWjjfrtT the nationwide prohlbt-
&:& on movement;
a "j a. in- .
r"-1 there convincing proof
( , , 1. that alcohol will produce a
&jS,f suitable fuel for automo-
0&P; biles and tractors?
V? .,,,. .. ,
-wiii mr uouni sanction
aV the consolidation of DIs-
.-?'. villa..-.. ,..A... ...U.tJl...
Wm? "- -.. .,..,,,..-
,000 of funded debt boueht
an average price of 72 cents
fourteen months. Analysis
com Earnings Per Share
-Tours for the asking.
I
"
V
tCU'lh
srv .
&M
STOCK PRICES RESPOND AGAIN
TO NEWS FROM BATTLEFIELDS
AND FEDERAL REQUIREMENTS
New York Air Brake. Wcstinghouse and Mich ale Make
Substantial Gains Tone Is Inllncneed by Rumors
of Revolution in Austria
New rl, June 1 1.
The stork market re'pondnl to iiioip fawinible iiclvioe from Kianco,
with adan(.c9 nil tliroticli the list innffltiff from t to more than r points.
Incentives foi bullish actixitv were also fmnlshed In the WashliiKton dis
patches reportlnp Incieased (iovernment ientiliement. with n direct In
fluence on New York All Brake and Wellnxhouse. In statements that
tho.e companies had teielcd the larsest orders et placed with them for
Ooxernmcnt material
New Yolk Air Blake made an advance of moie than 5 points to 129,
and W'estinKhouse, which was a strong feature jesteidaj, made a further
Bain of 1S, to 44 S
Ilulnp In the L'nlted States Steel lommon w.is In l.UKe olume,
manj lots of fiOOO slime or more being taken on single orders, carrjlnj;
that stock up more than I point to Idol
Baldwin l.oomoti Bethlehem Steel "B ' and Ciucilile also made
substantial gains
Mldale was one of tlie most pi eminent featuies, with accumulation
in evidence on an advance of 1 to fJ'
Pools vveie active in man Issues, with stocks like American Hide
and Leather Distillers and International I'apei active! ttaded In al ad
vancing prices and the entire market, while lending after sharp ud
unce", reflecting n pinnoiinced inciease In bullish sentiment.
The tone was influenced to an extent In cunent i epulis in banking
cltclcs of a revolution in Vustna
New York Slock Sales
HIjh
tt SO
,ow a m
in
75
"42
11U
46'4
in m
4P, 4J
Hi'
Ti'
142
COTTON OPENS HIGHER, CORN TURNS UPWARD
WITH AUGUST LEADER AFTER EASIER START
t.ant
do.
Adams Express , 68
Alaska Gold M . l'j
Allls-Chalmers M. .'', M'i XIH 3.VJ
Allls-Ohal Xtffr pf. 8.5 8 8 8.5
Amer Bk Note prf.IRS ...
Am Afrrlcul Chem 87k
Am et sugar... bO .
Am Can . 4.5'i 4fl 4f
Mm Car & t'dy... 74 KO'f Rl'i
ni couon un . 41 ji .'i
Am International, 54
Am ice 30
Am Hide A l.ea . 15i
Am Hide & l.ea pf 74 '
Am Locomotive . . 6 J4
Am Locomotive pf. 07' j
Am Linseed 41'i
Am Linseed pref. 81W
Am Smelt & Ref . 77'
Am Sumatra Tob 141H 141
Am Sum Tob pf ,102Ja...
Am Steel K dries . 6T ...
Am Susar ltefin .1114
Am Tel . Tel .... 98M
Am Woolen .. .. S8'i ...
Am Woolen pief . 94J,
Am Zinc L & S . 10
Amer Zinc Jc S prf. 48" i
Anaconda Copper. fi4
Atch Top . S F.. 84'4'
At Blrm & Atl . 10
Atlan Oulf & W 1 108
Atl G & W 1 pf... 01
Baldw In Loco . . . S'J
Baltimore & Ohio. tV,
Barrett Co 88' t
Beth S. Class B . fe4h
10.5
41
IS'
l'J.1'4
24
20'.
14S4
.17
07 1
10.1
&7L,
I New York Bonds
it. to
fin,. . . - II Itch nw m m
2000Anglo-Krch 6 9114 91 ntVs
1000 Am Tel clt 4s 81 H 8t, 81
8000 Bait & Ohio Bs 80 '80 80
150000 Brk n T 6s '18 98 97i, 98
lBOOOCan Gov 5s '31 914 11 ts.
1000 DIs Sec Corp Es 87 87 87
I8I000 Lib liomt 3Hson.no 09.00 00 so
32.1000 (In 4s ...... 04.8S IM.B0 4.
10.1000 do 41'.. . . . BH.12 DflnH OB.72
L X' f . .... MM. .11.1 -.
ni" !
' io'4 in'4 ml4
IaU '' 4'4
Wl IOM4 losu
h'l', 'SO1! 89Ji
33 533 1 53'
"SSH "sVi 82
' 444 44U' 444
loh 15i 15!j
nnn
- s, 1 u Kn sj .H atii
6000.su, ASFSrB 74 U
13000 V S Itubber 5s 80
1. 000 f S Stl S P 6s 97 i
4000 U K of G It &
I 6 4s 1921 94 U
2000 Wis Cnt Ben Is 71
74 J
80
97 Jj
714
f4':
80
97'i,
94 i
71
New York Curb
Wna niploslv ctfs
t hevrolel Motors
C'OBdn A Co
Curtlsa Arroplanr . . .
Lchlxh Vnllty Coal Sales
Maima Copper
Mother Lode new . . .
Mother Lode old
Ilav Merrules
Ituaalan BVjs
v,s
Hid
1
r.'7
n'.
t0,
"N
.10
37
I'.
3-.
10
10
.'I 20 1 21
07! i 07 ' 07) j
Initial Prices for Actie Posi-1 liitincss Is Slow and Opening
is ad or meMfiott DS-IS
&Deerv
Cons. Moek F of V. T.
Wi'tatr BUf.. Pkiladelpli;,, P..
VWkt Btll.Wal. 4080: Krj.. Rnce 4080
A', .I. V. Omrt-JO Uroad St.
"$W PHvite Wlre
.JgSgjS, srrxMi.M
: aaftOT'CK T MiABuioMJKRs.
KlK6SsD LON ASMKMTION:
Is hereby slven fhnt a .111.1 n.--.
the fltotMfholderM nf lh Pn.b i.
n Bulldlnir and Tjan Amoclatlon will
I on Tursdnr. Julj- . lnl. at 8 p. m..
Pnaayunk ae at Vhlch time the rol.
arniendmpntB I., ih. .un.tt. ..,! ......
nlll tm considered
amend the conalltutlon by atriklns
tie II and advancing tach succeedln:
mend Article lit. Section 3 lines 1
tar striking out the word "or 4 tr
r annum ' and Inserting thereof rh.
t'last Bjed by the Hoard of I1
amend Artlrl ITT. fi.Hlnn 1 nw. n
BtrlklntT out the worda "of 4 per rent per
JH." arA l.i -.Inn .1. - .. .. .. .
... .... uicriitiiN .iirivTit ine .iirin
nzeu oy ine iioard or Directors
n
Wl
ar.w
J.Z
lions Are 7 lo 18 Points
Hifdier Supply Good
Nr nrk. June II The follow Ine tem
per iturea werr reronled In the cotton lielt
this niurnltnct
Montffonierv. Knoiville und Nashville.
00: (hnttanonsn, fi.'l Vlemnlils, (Mi Vlil
lene. Uklahotiitt, little Kork. Irkshurit
Vlnrnn, tUntn. OH: shreveiMirt. nii Vi.
trnlo. 0; uicustu and t llmlnRtnn. .2;
Merldlim. 74: Corpus ( hrtstl sml .liiiksim.
vlllr. 7: Imlvestnn, tort Smith New Or
leans. ( harleston. havaniinh mill liiniiiu,
7S.
There wns 111 Inch of nreripllallnn nl
rniiis riirl.tl. .Id at (inlteston mill .1
ut san ntonio.
Nev ork, June 1 1
firm tone was dlspla.ved at the open
ing of the cotton market, a small In
crease in the consumption tiguus bv the
Census Bute.iu being taken as a bulINn
factoi bv some operator0
Initial ptlres for active positions wcie
7 to 18 points hlghei. with Augut show
ing a gain on one sale of 25 point?
Beth S 8 p c pf
urook nap Tran
Brunswick .
Bums Brothers..
Butte & Supeiloi
Cal Petroleum
Canadian I'aclllc
Certnld Prod
Cent Leathet Cu
Cent Lea Co pf
Chesa & Ohio . .
Chi Great West
:iil Mil & St Pnu. 4'l'2
C Mil & St P pf . 74
Chi & Northwest . I2'i
C 11 I & Pac ... 21
; n i & i 7pc pf . o't'j
: It I el P 6pc pf . 00
Chile Copper .. . 15'j
Chlno Copper 3S
Colo Fuel & Iron . 40
colum Gas & Llec. 12
Con Int Cal Mln s'5
I. KXIN llhl.T KT1IIK IOIIKCT Corn Prod Uef . 4J
C hirnirii. June 14. Illinois -I nsettleil fnrn Ptnrl nne ..r ir?.
tonlsht nml s,itunli: prahnhh showers I f. 11(,i.i. ,, ),,, , ..
north und west! warmer south. ooler i"cl"'e teel.. . 04', 044 I 1J j
north. , Cuba Cane Sugar, ,'il'. :)ii, ,M,
Ulnrnnsbi 1'iirtlv (linidi timlclil mill Cuba Cane Suit of so?
oatnnlav i tnlrr Minthnrst tiiiiUhl. , .. n, i p f-..iD , '
vilnnesiilarnrtl ciomii. wiiii proinniT "r . v"um t
rtuaalan
Seneca Conner
it jnsepn l.ead T4W
submnrlno oltat . In1
l'nlted Motors . . IS'
t'nlted Verde Kitenslon ... sn's,
rlnht-Martln . .. to,
rlght-Martln pref . 35
Ask
I4S
1,111
7
41
SI
31
IS
in
IS
3H
3D
1 2
l.-s
17
js'
40
10
Late Oats Steadier Trad
ing ISot Active
2ii,
0) j
'l54
.IS
19
42'
2.P.
G'Jh
J34
P8
KS
C64lon Buyers and Sellers
etv ork, June 14, Jul Cone,
Hartcotn, Waters, Oeer and Brooks bid,
Trederlckson, Kusscll, Bartlett, and Slgel
offered
August Slgel and Hartcorn bid :
Schlll offered
October llagedotn, Hubbard, Cone,
Htissell, Sellar, Brooks, ttlordnn, Rosen
berg nnd Bartlett bid ; Geran, fone,
Uumoens, Xevvman and Parrott offeied
December Burnett and Rountree bid .
Munds. Sellar, Schlll, Brooks, Itosen-1
berg and Hubbard offered.
January Montgomery, Hageduin
.Sellar. Bartlett and Wilson bid : Dixon
Wateis, Schlll, Geer, Glfford, Judsou and
Cot hi an offered I
Match Wateis bid; Hartcotn offered
Philadelphia Stocks
11 -.n
A II.
Net
I bee
.10 VI V4
iu 4- v
44
84 Vi i
24
08
0,i tt
l'i
00
...... 'to,b ''"v
147 Llec Stor ROVi HO
S3 Lk Sup O lVi 104
J Penn lilt 44 44
20 Phlla Klec 244 24 V4
200 P R T I r 24 24
I'll Tract 08 un
too Heading . dou OOU
10 Ton Bel.. 3 8
17 C II 1 . . OR AH HH . j
103,1 I' S Steel.1034, 104V4 1031 '1
1.10 W Clamp JOT, 7614 7V4 Vt
IIOMIS 11 10 Net
MlBh Low A. VI i hu
ll It 00 Lib Rnnds
I'm OD.,10 0D.3O 1)0 50 4- .10
23,10 do 4s... 04.30 04.40 04.30 .14
100 do 1st 4s 04.10 04.10 1)4.30 10
11100 do 4 Us 06.08 00.1(1 06.68 .02
1000 Pa Co con
4'.ss,65 87V4 87V4 87V4 14
PHH.Anr.LPHIA INACTIVE STOCKS
Follow Ine are quotations for In
active stocks listed In the Philadelphia
Stock nxchange and In which there
were no transactions today. The price
given Is the last previous close:
A O War .. 1 ', Leh Vallev. . 59ii
Alliance Jus. Is Leh Val Tr.. 20
Amer Gas . 73 Leh Vftl Tr pf 2V4
Amer Mill .. 10'5 Lit Bros . 26H
rtinci iiy jit. -'j unite ncnuyt ss
Amer Stores. 29
Amer Sirs pf 92
Brill J G .. 25
Brill J a pf.. 70
Buff & S t c. 64
Buff & S pf. 48
Cam Iron ... 40
Cam Steel.. 132
Catvvs 1st pf 62
( atvvs 2n pf 54
Minehill
No Penna . .
I' It T
Pa Salt . ..
Penn Traffic.
Phlla Co ...
Phlla Co of.
50
86
23 'J
85
2
26
21
Tlwys Co Gen
Ton Mining . 2
un cos rs .1.187 14
UNITED STATES STEEL MAKES
UP BULK OF EARLY BUSINESS
IN THE LOCAL STOCK MARKET
Follows Course in New York and Scores Good Advance.
Rapid Transit Certificates Appear Unchanged.
Cramp Is Higher
Outside of transactions In United States Steel common, which followed
the higher course on the big board and sold In fulrly large quantities, early
trading on the Philadelphia Stock Ekchange was small and uninteresting.
Rapid Tianslt trust certificates, on a 200-shaie block transaction, which
came out during the first hour, vme unchanged, as was Philadelphia Trac
tion, with the-Street still discussing the dtsagieemenl on the placement of re
sponsibility for war taxes between the holding company and Its subsidiaries.
Stoinge Battery advanced another i as did Lake Superior and Phila
delphia Electric, but United Gas Improvement held steady at estcrday's
Closing quotation.
Tonopah Belmont advanced ',4, Heading IJallway lost a fraction and
Pennsylvania was unchanged.
William Cramp certificates, which have done Utile for some time, camo
out at 7614, or 14 higher than the last previous sale price.
Liberty Loan bonds were lower, but were less active than In yes'erday's
earl Hading.
Con Trac NJ 6614 IT S Steel pf.110
rti ftt it r . iu vvesi coal . 7
lit B T pf 17 W 1 & Seash 40
Ins Co of N 26 Yotk Rwy .. lie
Kevstonp Tele, 8 York Ry pf. 31
2J',
tVl'i ,
'i-v,
4S-M
42Ji 42
61'
31
ruin Siitiirilnv anil In west tonight: 1 Distillers' Securlt.. GO',
wurmer nnrtliwest. n w S A Alt rV
Iiiwii 11ml south lliikntn I usetled In- r-.i- ',- "
OP, Irfl't 01
nicht onil siituril.iv. prohalilv showers.
.North Diikata t nsetled tonlitht and
siiturdiiv . pnihiihb showers.
Nrhrnsku Insetted tonlitht anil sntur
da. tiriiluilil. thunder showers enst this
ufternoon. ...
Knnsis Partly rloudv .".nil prnhuhlv tin
selled tonight nnd xutunluv; warmer
south tnulRht . t , . ,
Vlontiinn I'artlv rloudv tonlitht 11ml
sntunln : cooler.
1 .r a ...
:: , 10', to ,
I rle 1st pief yj;, ,j)
Gaston Wins &. W 3'2 yi
vi:iiri.ii i.iertric . H.ilf .,,
ueneral Motors .130', 13 'i. 1311. i.-?2
15','
32' 4 (
15
33
ai'j
lprtlu nxprnac
t'AllI.K nstlmated reielpt tod,V"
hrafl
SHKKP titltnated receipts lodar, "000
head i
Khmmih Clt. Juiip li CATlI.nRe
fflptt 1000 heHd Mnrkr t teciv
MO(!s-nprelpts .ViOn hpftd Market wt-nk
HIIBEP Rfcelpts, 4000 head Market
tead
ont!t Omahii, June t4 IIOOS Rerlnt
"00 head Market ateaib. Ranse, $10 1"
fTIH 40
iATn.I-n?i'lpla 1.10O head.
MIHEP- Reeelpti, ."000 head Cars UT
Dmdentlg Declared
Chicafio. Indianapolis nnd Lnulllle Flail
a Company, semiannual of i! per cent on
preferred. paable June lili to stock of
record June ID
Iuluth1dlnon Kleclrlc Companx. quarter-
of l'i tier cent on nrpferrprl nnnblo
I July 1 to stock of record June 'JO
Amerltan Power and 1,1 rM Compam, quar-
terh of Va per cent on preferred. paablc
Jul 1 to stork of record June 1W
I Kauffman Department Stores, quartrh of
$1 T5 n share on preferred, payable Jul) 1
to Mock of record Jun -0
Emptre St'd and Iron Company renil
annual of S per ent and nn extra of '2 pt
-- i ieni on preicrrcn, imn paauie jud l 10
... i , ., .- . ... . stoi k of reiord June L'O
.Net earnlnrT' m tnt Tonopn Milling. Underwood 'ipewrltpr Companj, uuarterh
Pomjnn for Mh ete $5.950, as umi. ',f Vl on1f0mmo.n arVl .$1 7:? ,n Prfrr(1
. ... ... . "i Mfc tlMM llirith rvi a lila f )rlnliur 1 In ilm li nf rur-ivrrl
entembcr Id
Motorcar Securities Corporation semi
,, , nnttual of T e en pa) able July "' to
$fi fiTfi.000 fioin the banks psteula ukon Hold Alininn L,mpan qmrterlx of
paaDie June . 10
VHhlncton. llaltlmore and Annanolls
Piiecirtc uauroao lompaw nuarieriy or
Financial Briefs
.NEW ORK COFFEE MARKET
Auffut
September
October . ,
November
December
Innuarv
February .
March
Xprll
Vlay
Itltio ,
July
lodav'a Yesterday's
npenlnic close
8 Oil W 8 117
8 III 8 1H II
8 lf H.20
8 2'i8 2rt
n3J0S.1i 8.3JW8 31
8 .18 p 8 311
" 8 ".(I
8 (12
8 (IM IS 8 (l-
8 44IK8 4i
KSlflSH
8 58 M 8 11(1
8 flltf S 117
7 nia7.n7
8 1)0 08 (It
GOVERNMENT BONDS
paicd with $44,8nn In April,
The Xew 't oi k Subliensutv
Ll ESTOCK QUOTATIONS
I lllrnBO lun" 14 IlcKiS Kstimateu re .,-'" ... ......i.o .ok,.,... luaun iiim .MiiiiiiK t
irlpis toilaj "li niM) henil, left over il '117 ! making k r.ish net gain since Fildav nf twu and one-half cenii
head. Olterlns sales fully steady with ves I f 28,40,000' -t"'k "f record June 7
,1
The capital issues conimlllee al pir rent on common and' per cent on
Washington has felven foimil iippiiivul preferred The common l pujulile Julv 1."
to the new financing plans of Atmoui AV '" "lock of record Juno :n and preferred
'I ThiH In lllrlps thA inillunnt nf villi uunu -i' in mm iv ill rrmru uni in
nnn nun Iff r. V.r n i JSiih. .1.1.-.V Canadian c-nnnlldated Ilubber Companv 1
(100 (im) of n per cent conveitlhle deben- .miileml ow 1 per cent pajable June 1
Hire bonds and $50,000,00(1 of 7 Per cull ! m iml of record lune 21. I
cumulative prefened stock. Texaa I'aclllc Coal Company, quarterly of
IS per cent, pajablo June 20 to holders of
. . , . n ' ,rn todn.
At the meeting of the dlrectois nf the 0 C Heath Co nuarlerh of 1, per
Chit ago. Indianapolis and Louisville cent on preferred. paable Jul I to holders
WHSakenTnThn emiJnnL l'l ?Ml ' "nNVhTrfCompanv semiannual of 2',
was taken on the semiannual I per pr r(.nl nssable June 2 to holders of rec-
cent dividend on the common stock. ord June 17.
2 reslntered 1010
Js, coupon, 1010 , , . ,
3s rertiatereil. 1018
Is. roupon 1018 . ..
4s. reKlstered 1021 . . .
4s, coupon 102.1 . . . .
Is. reutstered 10411 ... .
.Is. ioupoii 104(1 .
Pannma 2, registered, 101(1
Panama Ss. rexlstered, 1038
Panama Ss, registered, 1001
Panama 3s, inunnn
Hid
. 08
. IIS
00
li'i,
.mi',
KI14
81
. 81
07
07
. 8ft
. SI
08,
100
107
107
Rennet) Sugar Unchanged
New ork. June 14 Thp refined
sugar maiket remains 'unchanged, with
all local refiners quoting on the basis
of 7 45c for fine granulated. The War
ner Company continues to accept a lim
ited amount of business, while the Fed
eral is still accepting business on allot
ment. The distribution Is fall. Cuban
raws are unchanged at 6.05c, duty paid
Wvnmlnc I'arth rlmirft lonieht nnd I Gieene-Can Cop
sntiirdi) nnd in north"nd west tonight.
( hirncn, June 14
A demand flom i oninllssion housi s
Liverpool Iot houses and one or two turned the market for coin upward this
leaning local operatois vvtre oueis on morning after It has displa.ved an easlet
the upturn, but It was noted that tne tendency in the initial dealings, when
supplv was good, coming from commls- ther) w-1 ,)rpS,re from lotal tradets
sloii house-, uptown Intel ests and some Business was slow and the "tail was
r-uumerii iiueiesia ,in street suppueu i,,p
l:nnrlh nh 13 (.. ...
Great North pref. 9(1
ut .Noith Ore ctfs. 3J'4
tUa
S4 ,
75
42' i
9C.?.
10'-,
58',
MY,
h'.
14'
33J,
44'
'33',
44',
'iJ1.
th 1 tte positions
Tlie weatiiei map showed pictlplta
Hon In southern Texas and in Louisiana
JrbTn.dtl"nltClout,heStCo,!.0d,; Vth" but ' "ns ' '-r all 'ove, the 'belt .his
I fj4 per cent r-r annum" nnd lnsertlnE morning with tempetatuies l'ghil
the words "nlui nirrt at th rut ' Inutr
: ft? '',lw. .5rdL.Pinj;;?" ".. .. ! The cotton receipts at the ports fo: the
i.Mta,:,k",,; "li..?" dav are tstimated
-TO Amend th bylaws a follows
ucie vtl, line 3 By alriklnc out th.
J'llv opened afl IfSifil IS1, against
$1 43 i4 al the end .vesterifav and rose to
$1 44J Vugut opened at $1 15c'rt
1 45a, against $1 45', at the close es
terdav and advanced to $14G' The
tece'pts bete toda were 218 cars
The visible stippl.v In
Gulf States Stl
Gulf & S It It
Haskell & Barl
Illinois Central
Intei Vgrktil
Inter Ag pref
Inspiration Cop
Inlet boi o Cons
Inter Cons pref t 41Jj
mier .vier .vtaiuie. 1'S'
IS I7'3 IS
01', 00 01
.-U' jj', "U'i
20'. 2fi'i
Int Mer Mr pief. 104. 1045, 103h 104",
twenty and Insertlns thereof the word
' To amend Article IX lines 1 and 2 bv
HI elect at the close of each jear from ,? '"'!
. Aaaolatlnn' nnd Insertlnt- thernnf H,rf ! ' CI enil er
i "Tnero shall be appointed bv the rres
at l.'.ono bales.
against 11 177 bales a week agu 111 226
bales a car ago ami 20 771 ImIcn two
ears ago
Yestenlaj Him li 1 1 in lountt.v shipments are s-niall
t lose upen am am a in
Jl .)" 24 111 J4 H J1 14
1 (HI LM 111 1'4 Jil ! 'l)
Inter Isickel
Inter Paper
Kelly Spiing Tire.
Kan Clt South
Ktnnecott Con .
Aigenllna Is Kres S H pref
Jritiuar
II
Mi at least una month befote the annual ,,,"'
ROBERT n MATER -secretary.
August
!- T.ER1I. AIIV.RToi:iir-T
. IVOTICK IS IthRKIlY (.11 ILN TH T
2 1 mi 24 (12 24
Jl .0
jn on .(! in
21 s(l Jl in
Liverpool Cotton
1 .-un tniii nusliels. against 1 ooo 000 bush- i,.!,,,, .,,, siiel
els last eat Although there Is an enor- ' Lehigh Valley
11K.US suiplus awaiting export 111 thatlt.ee Rllhher Kr T. .
Iggett & M pf
l -,l commission nouses atisotiiei nrreiinss .via nepi fttoies
of oals and the tone became steadlei do pref
10
32',
i in -i "i ,tfter softer start
i. is I'll 17 active
Ilusines.. was not Mev Petroleum .
I Mev Petrol pief
lulv onened at fios.11693. jenlnsl Miami Coppei
Ci95hC at the i lose .vesterdav and in-e I
27J,
30',
4'J
IS,'
32,
10 U j
r.7
00
lSi, .
102
102
10' 3
00' j .
27' 2 27i
4I
."l-"
"tA
40
'.32'j
hi
I Mldvale Steel
.Vl',
U54 14 4 V-'4
27,
514
to 70'si August was quoted at GI4C
i Minn . St L new. 10
llverpnnl, June 14- "spot rntton was to (,1c and moved up to b4',c, against '0 '5'"1 '.I)ex
fm tin
against
miet tniaiv w tn lir t es weaU. on the i.ii... . ,i... . in... .nL,n,.i..
an application Will be inarle tn the lnl nf n iIhi line nf S nnlnt fm null. ... ."-. v.c....
rnor of the Stat- of rvnnsvlvanla on dllnu: old contrail at 21 SSd r-aks .npimnts iiom vigtmina
ftcrJ"?. '"v '".'""J "?'"" ' "" i uerv -(io0 hals lteceints. 1.1 000 bale- ' eeu weie 1,30b, 000 Dusnels,
4,Vf the Commonwealth "oi Pennavl Including 10.200 bales American Ku- b7h 000 bushels last vear
.". eniuie.l "An a-'t to provide for the mien weie sieau in uie enriv nt ll- Cvnoits of wheat from Vfeentll
leavinn nn rei.ii in tt.n r,r .-.. in nn- inc-u inn i imtri , titint m i l. i. u.u ' "
n." approved April 20th 1S74 and tmuln mldatlni- fa(- l iih i.nH were neav.v
kDlementfl thereto for the charter of rn.a.lli.icr sia ...i.i.m,.'.-" i cv.i i..,. ! tiiishfls
''erin-vl corporation tn be called 'Batfrr ... jji, " 7,..i "'.i."ri.. 7.. . .n.i ...... i...
wreTsrs" the character and obiect of '"...". ' 7.. 2. """" '"""' -"-. i" - .-"-.
la the hMCUfacturlne splnnlns. mer- '" ,; .nu
Mo Kan . T pief.
Mo Pacific . ..
Mo Pacific pit I .
Montana Powtr
National Acme ..
Nat Cond s Cab. .
tlntr and procennw'tur buylncr and selllnc
Kn.-wonl and sllkrns and for these
?,ea to nave and poseess and enjoy all
labia, henetlta and nr! llei.. nt thu
I act of Assembly nnd Its sunDlementa.
: S C E. OL'TTr--itnnw
Sntlrtr.i-
4110-11 Vrankford ,ve
2.1..
54
to
31
10,
.72' 4
074
o0
KHI,
Philadelphia Markets
PROVISIONS
TV TUB I lit RT OP roililliN-I'TiTT". l,,1,,'h'K movement Quotations fiilh"
ju im. I lit ill lir linnillN I ,Lls ,,,, ln ,. smoked and ulr-drleil 31c
i2Lri"-m mi- x' ...- "rn I'-'f ,n acts smoked 30e clt
The nnrket ruleil steailv with a nindfr le
i ll
Oc west-
,:- n-.-m icii- x ..,- "rn oeei in aeis smouea a-il ciij ocei
nv ,erm. ivii o 21. i. ...i,u. ..... ........ -... i . i.....
J2-I ..ln. ''lvoriP v. JI . 40c weseru heef knucklos and tenders
Minrr or i.urrniue i. Ainrrlrn lie ,mcked I0c Reef hams J41 Pork. fm
j i ii i . . .e. -. . "v 12W.i3 Hams S P cured loose, 2S'i
de Ijlrralde. late of 180, North ninit a .li-.. inn.. qi. avil n aA
ad Street: 00 smoked. 20'i eSOV, e. other hams
are.hereh notified that I have been smoked cltv cured, as to brand and avr.
4)0 Master nj the court. In the above i.e. 20130'4C. do smoked western
wnicn your wire ilnrl.m K-lhrr de .cured 20', 3l'c. do boiled boneless 43V. c,
.. has hroURht Suit acalnsr mi for nlcnl ihniiMiri R. P n.tr..i nn.- 1U-
He divorce on the grounds of desertion do smokrd 22', c llellles Innhkle accord
-win noia h meetinir lor the purposes . Inc To average loose .l.'c tlreakrasl bacir
nc teatlmonv In said rnse at mv iktrire I ss to brand and averaae cltv cured. 40c. do
RmI Ratate Itulldloip Itrnua ana I'h.ai western cured. 40c. l.srd western refined
atreels Philadelphia on lrld.i. Jul) IJ, 2"H ffl27c. do, pura city, kettl. rendered.
fi'at 3:30 o'clorL p. m., when and whre 20'? 027c.
ay attend with jour witnesses ir vu ... ..n. .
rib-f, KLMINhll SlIUAHS
' tX THOMAS J Ml.AOHKR lleman.1 us. fair and talne. w.ro -I. 1.K
"'""'r held on a basis of 7 41c for tine uranulat-il
nvitjv ppnnurTC
i' ' DIVIIIKM1S .
- - i Mr;!-.-!. tne market ruled nrm mi'it r
I RARRFrTT COSIPANV IN. J.l small sunnllea and u fair demand Oum a
arterlv dividend of (Ine llnllur anil linns Nev. Vor. vvhole.mllk t holce frexli
i4(Ta eenta (I1.IR1 per aliara has Jli do do fair .'lll-'Ti ihnhe d
cured on horn common and Pre- 24Vi tj:'',i fair to cood old J2ii 24i
amounting to 4,5'J3.0iui .., ,.,,, r sin
against 2,277 000 bushels In the I 'Nat jjn i. s pief
vvtek. and 351,000,000 bushels v.Ht l.ead
last ear The visible supplv there Is vat l.ead Pief
15,170,000 bushels compared with N It Hof M 2d pf i 4'i
5,320.000 bushels last .vear "' Nevada Con Cop . 20
Th.. rvt ..Inls nf wheat .it M Iniif.i mil Is i .V V Air Brake . .12.i'
and Duluth today vveie 111 tars, against .N Y Central....
15J cars last v.ar at Winnipeg. 100 .N Y N If &. H .
i.tis. against 382 tats and at Chicago, Northern Pacific.
2 tats against 3G cars 'Ohio Cities Gas.
Ohio Fuel Sup
i Ontario Mining..
INCTIK NEW YORK STOCKS Penn Hallroad
71.'i
4l,
SO',
a7.
Following are . .notations for Inactive " uae pn
,. York sto.ks and in which there lece""u
were no tiausactlons today The price I .V.1, e west V-v..
given In the last previous sale " " ,. f
va. Ilumelv 14 Man Shirt . t.5 I.Uts , T. 1.1 ,'r
vdv Pmn Pf S4- ManhatKIev 9i Pressed feteel Car.
't Itubbef 50 Man K Sp Co 48 Ity Steel Spring . .
ClThka Juneau 1 ' Max Jiotor - Hay i;ontoi cuji.
12
4.4
2SJ,
J84
S'J 4
17
1J7 12
4 J,
S7
08',
40',
12 ,
44
.i
i21
42
b7
:;s',
40
ir.
44
&J4
111
17
IJ7
'42'
87
ib',
l'J',1
44
21.
MX :! 3J'i a4',
5I
0J14
54i,
24
00,
'Hit
Capital Stock of Th Barrett Com
?Mevi
!w Jersey, and the Preferred Stock
llon llecetpts oi the American ( oal
company, payable on July l.
ion aiocanoiaers oi recorn as
ERNEST J S1EKR Treasurer
SB
POULTRY
I IAIN i.iv c nir murta-) mi 4uii huh h imiji
ihV Important change The quotation rniiKt-0
lot faualnpaa Jim IS. HitM nnrf nn .Tulv I roUfiHW Kowlt .TIWTIe ?Pr UK i ni( K Uh y
rlS to th rrrfwil Htcwkhold-rn of ' KtBhorna we Khin i a libs "P "'
Wit of The Barrett 1'otniMtiv nrt Pr- "- do welchlns 1 14 lb apirtv 4?43c.
94 8tock ubs.rlptlon Receipt holders hite Le-'horn aicordlntr tii ay iu4 c
1iW American Coal Producta Company of t trt5B.. oung roofers -,jg2J' old ruotjr
Runner I'flOJTc guineas per plr SI 3'tfi
1 40. ptcmns old pr pair, 40&V4.M. .!o
jouns ptrr pair J8fl3Uc
yiONEA'.LFaNDINO RATES , i-man rnutis
w-jf.. .. ' l hfiiit ft t nek nold fafrli and valun u n
.LArI,LrHI Call fi pt-r cent, .rall ruled teady under nioderaif offtrii '-i
l6 per tent Co mm erica I pa- Quotation Applea per bid Albemarle
ree to six tnonuiP, bv t per cpttt , rippin w t.aiow-in jiwn iirn iwvw
ft !( II lliun IK frtniiv i" iii ti
neatern ter boi Wlnesap SJ VHi 1 lit
Newtown JMpplit $J&4 npplffi nearb pr
bushel bdHket $1 r.l.Cl'J Tilt peaiha
Geo rift a Pr .1 basket carrier tl ."u i '
ixai ne ueorBia ir uuHnei nanhft i iu
wj lemons per oox iiuui. nranu x
."Ii-irlflu. nr tkoit i-iHil Ml nranaen i ill
fitritla ner bn i(lfti uratxf rult. Florida
1 pvr box SJft4. pineapples Port" Klin per
i the early dealines toda atid'trate $4.. bla. klM-rrlen .North Carolina
lJL -i .i.- ,.,. nil wr uuart tiflle. cherries California per
,e at the outfiot no reliable ouo- ttOX $i 50fj.. .V) lantaloupes California per
m Uie. ery little attention was , aundanl crat- i 5 tantaloupei i all
uin unirr ucpaume jus iu ine forma pt-r ly crate. ? .ttiw-i i. tanix
but the one Reneralh was loupes CallfornU per flat t rate 11 7.".:. Vl,
Uencea ov tne relly in lire and .rautaioupea Texas per nat irate, jhii ..
nths, 6 per .ent
? --
'FOREIGN EXCIIANGK
r'V.rk, June 14. Tim confusion in
ket for Italian exchange, caused
udden restriction imposed, con-
?'. t orv in lut nr f. A i . ii.ninn- ...
,-. C I'll ill i-' -iiaajfci.iL-acifci,! ui'l , ItLdU lib -
i rn of 14', Max M 2d pf 20 lc iron &. Steel.. 80
n C & F prlM Mich Central. 9J ,lo , Uut tr rtct3. U.
mer Coal 52 "Jt Pr . . M-i ' Saon Motor. .. . h','
Vol Ice S pr l'". Mors Kssex. 39 . Kran uf . oqij
v hi 8 M S-t P S SM 9 l J'" ,H'",J!"
MnMaPpf 4h .Vat Uisct .95 Seaboard A I.lne. . S
smlt if 10 Nat Bis pf 111". Sea A I, pref . . .. . Su.
. . BUT. a I ' li St SM SP.irK. JIUUCK .-.f . iiJ
73!,
'M'i oovi 'jo1.
bOh MHi bOJ,
994 044 0'J,
8 8 6
.... Crtit
Cm Stl I'd i1 ' nock 21
n. T . l'- - S YOnt & 20'
55 Tob au, 1J V Or T S. M !.-!
i, ! nf new tl .N ( . SU 16
n Wr Pa pf 2 Norfolk tc So 21,
s on 58 Norf & West 103
vtcblsou pf "5V. North Amer 44
Vt .in C I Ine 1314 Ohl(; Gas n ts 8
Mllll. 11,. nn.. Tl. f -1
II .C O lit n-l ...Ct.n "VII M
Uald I. oio pf 1 0ft
nQ.rnt in Of 100
Ilatopllas Mill 1 ' lo Gas &
Ueth S'el 1'u Peoria S. i:
20'.'
M
. $60,000,000
Armour and Company
6 Serial Convertible Gold Debentures
Total Authorized Issue $60,000,000
1918 Due in six equal annual iiiblallincuts June 15. 1919. lo 1924. inclusive. Interest payable June
15th and December 15th. Principal and interest pav able in L'nitcd States gold toin at the Continental and
Dated June 15.
Coniinerci.il Trust and Savings Bank, Chicago, or at the Trustee's gcnt in New York City.
Coupon debentures in interchangeable denominations of S'.DlK' SMK) and $1W) with privilege
of registration as to principal only.
SiV 'J
INTEREST PAYABLE WITHOUT DEDUCTION FOR ANY FEDERAL NORMAL INCOME TAX NOW OR HERE.,,
AFTER DEDUCTIBLE AT THE SOURCE NOT IN EXCESS OF 2.
CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, CHICAGO, TRUSTEE
!8'f
06
MW fry,'.
24),' 'i'4'j
ioh
2b4
0"
14'
Sinclair Oil mine. 2S4
Slots-Sheft S3 & I.. O-J
Southern Pacific. S't1,
S Porto nicp Sug.ir1
i Southern Hallway. S.3J,
,South Ity pref... 01h
Studebaker Co.... 4j?J
stutz Motoi .. 42J,
P C C el St 1 .li", , Tenn Cop &. Chem. ll), 19', 1!l, 1!)',
Vac Mail 28 ',' Texas Co 151 119 j 14S1, 140 ,
Tobacco Products, tn1, to1, iH'j u;,
ill
Peo Gas i (' II
;;ist li
Ueth S'el t ? raa,i.iui n Tvv in Cty Tip Trn :'!'
Hootb Fish 22'i Pere Marq 1 1 ifc ,.' n,n,. i-i'i 1'" I'M'. ii t-
tlutte Cci7. Co i. Pond Ck C Co 19, United Cig Stores. IGJ, U, 904 Ui'.
(al Paik Co 40 Pf-d Stl Car pf 9.1 i United Fruit. . 121
Cal Pet pf eavj Pull Pal Car 115
Cal & ."rlz Ity Ml M pf 97
Cer de Pases 33'- Itep Ir i. S pf 9!i4
(vi-te"d Prod 17 Readg In pf 35
Chandler Mrs 86 lleadg 2d pf 38
Chi & Alton 7 Savage Arms 72
Chi lit W Pf -i'i isears-Iloe pf Ilfi
- C C & St I. 32, Stand Mill .. 9fi
'l'i- JL St LP' (o Js "" 1" so'
uatermelons. Klarl.la tier Kill Stllfis
Iwutermeluns Florida, lxr earluad. SluoQ
SOU.
VEGF.TA11I.ES
I Tlie market was uenerally atejil) ulth u
I fnlr demand for iholce stock of must de
1 a, rlptloi,. Quotations White potatoes per
MIMl Ihs 1'enn.illunla 11.30ffl Ki Neu
Turk, II nutll , .viu mean, ,l ,,uri in.
white potatoes. South Carolina anil Sorth
Carolina, per bbl. No. 1. ,4 4150 No .
$24T2.7. white potatoes KlorliU.per hb'
No. 1. I3W4; No S. tl .'.Obi: 311, Ivhlle pota
toea. Florida per I.Vi-lb bag No 1 2W
2.7a: No. 2. $1 1 75, aweet potatoes Jeraev
uer hamper No. 1 12 30G3. N'o 2 tl J'i
. - . .. .l. . ... : -- ., ui ... ..... ,. ..v
WCOUIll rates at ine menu , I Id, ceierjr riuniw. Vwv imr- fui... ...
Tage of exchange.
4lons were",
B4 sterling 4 75 3 cables 1.71,',.
y ollls nominally 1.73. ninety-,4.71.
I cables S 70',. checks 5 71',,.
i caoiPB 0.9,. cnecas .kh
cables 51 Vi. checks 51
I rabies 28.6U. checks 28 lo.
aim cables 34 40 checks 34
ant cables 31 70. hecks 31.30,
Men cable 31-50. checks 30.90,
f . .
Banks' Discount Rates
Chl M & St P I3'2 St I, S T 12'. Va-Caro diem
C C S pref 8 H " ' Hvvesl s i y;
r-... TjIi nee 27
Coni-ol 'las 88
font Can il
Cont (an l'i "",
Sbatluck Arz It.
Studebaker pf 90
Sup Steel 39
l.nlted Itvs Invest 9
I'SCIP-F,, 11 14'2 14 ,1),
U S Ind Alcohol.. 12J1 , 124J.. 124 12.
U s Itubber 57i 5S 5S 0-
U S bteel 101', i0J,' 102, 1UJ
L S Steel pf IU '
Utah Copper. .. bl ,
4U. 49', 49i 49',
b4
41), 4 Hi 41.', 41,
GO
90;
Utah Securitleh.
abatih
vc'nhaah tvref A..
' iv.Birn Pan met
Western Union Tl
II Ml Bl lir tjf. I VW-a.a -- -;
'i rl'MHU Tex & Pac V if I Westlng'se B i M. :
Crucible S4 1 pf 9 111 Tex Co tots 19'j. Wool (F.W
r.t.n c Sir nf 80'4 Third Ave . 18
Deere & Co pf 90 ToI Prod pf 94
Del 1 Hud im To1 St r. & S
e I. - W I6"'" r.Jlr c s 87
nen It H pr 8, Tldevvtr Oil 186
net lMin 12R Tran Wms. 4U'i-
Dfme Mines 7'z 1'ndei- Type 104 ,
"le" str list 58' I nd Type pf lOfi
I'll. Horn Fl 23 I'nlon B H Pa "5
Fisher lidy 3S t'n Pao pr 70
!V- ;.... " iss l it Car Stl of 10a
,:en Cic Co 41 t'n Drug lpf 4 8,,
) CO..UJ
Woolwotth pref lid.
Wo'thliiB'n Pump. 47
Wheelg At I, Krie.. II' ,
Wilson iCo 69
Willi s-Overland .. 9),
'M,' 43,'i 4f,
591a
20,
olii 69';'
20 10 .
BOLSHEVIK ENVOY COMING
London. June 14 M. Borovsky
Odovsk), the Boshevlk minister to Sue-
den, Is lo go to vvasnington as EtoisneviK
plaut Florida, per bo 8202 73. lUtumbera
Florida, per basket. 30c(cl .'ill; do. South
.l. 4Jjw,"ii!5s. "; f- :.:K!!nn:. rDwCiz.iu?u -jy"
Norrolk. per baiket. I.'.l.illf -' I I. ueana,
North Carolina, tar hamper SJ&2.&0. do.
Vtrntnla ner Va -bbl basket I'Ml J 3. beeta
Norfolk, per 100 hunches $2174, eorii Flor.
erve Hanks were as follows:
column gives tlie rates for
aturltv. the second lor a
ilxteen to ninety days. The
sunn coiuiuns give ine rates
unis of collateral loans
. m n m sr ii. trn ra lir ixir ":" . . . -.... . ..
Gen cigar pt ajva ,.,,.,'."' , '" i ambassador lo me umtea Mtates. it is
Gen Mot pf 82S ,'J mv pr 17 , repotted lit Copenhagen according to a
Goodrich II F 44, -- " 'Pjef 41 nay Mail dispatch. The minister Is
oSrlcn U F pf 100 S ind Al pf 97 I non yln Bern
Ilav-Flec 101 J' S n.ty Imp 16i ' ..lilnton. June 14. The question of
llartinan Corn 41s, v s nit' Imn recognition of the Bolshevlkl by the
loniSeJI 1st pref . 50 United States Gov eminent wpuld be pre-
r,,.,c j i"7. I S Sm & Bf 40i sented as an Issue with the appearance
in? ilr Corn 6' J S S & II pf 44 Washington of a representative of the
J"' ,.", Lp 2; Va Car Ch pf.107 Bolshevik Gov eminent
kivernment onds or notes.) .Ida per crate. IJOS. do. Iulilana per bbl ' ' " !" "v j:,. a lr C ft C. 72ti At present Boris BBkhmeteff. who was
Com'I aoer Gov, Paper M s"n-v fppra Florida, per crate $1 Inter Sal aj s Vulcan Oelln 7V4(sent to Washington by the Kerenskv
Comleaper oovj paper -3 lom,fcn,. Florida, pe-i .rate. I2f4 .., Iowa lent -8 Wabash nf B 24 I a-overnment. is the only nerson th State
Lw-nr 1&r- A-lfeSji,aH. c a -. ,J w-nsr- w &fjg2 ssssx
;.V4 4i 4 ?"1Sffi7rwK:r KWI"? .P" , -tiUrd niuud tv m?. 11
"k,. J! 4 III I rat. llVl.7i, watenr.a., per ln bumhea. !"",1J ;.'" .1 ' W Md 2d pf. 2" , In c-Jlltrol at Moscow,
"itk. 4J 4 4J fjltrs. inuabroooia per 11. r."cR41 ! Laclede Gas.. SO jyh . I. K pf 23 I -
.1 a V 4s, 4 ;i ii r 1 - - , ...p. . ... . -- vvintc aiotors -lis. , nR
'.2 l 4tfS 4 4l 7 ..,. ... ...,. I. B'HJ 21 Wlllirs.llvr nf Sill IWK
...J- . 4'. S . Hil.r!7AUWltlWW ltrllarl. 185 WlHi'tntral,. 3BH
imwi. ac ajav4ra . j--t at . .i. i n mr".". lajrinaru ,' miu.1 vv ia k ...- it btuji .... ' ii.
Ajuini -1VS. l.llm
es as Russia's rep-
he has Been repu-
me government, now
IUd AV 1A It' i..- I
i Intreaaa I J-fJU'" -!" Worthln(4i J
aa-aU all JBLaaa faaaaaaaU HW ' at ,M r laaT aaal aaaaT 'Al
tfK, v'.
VA
SILVER
lelat
sLWr.?.
m
Redeemable at par at the option of the Company on any interest date upon 60 day's notice, as a whole or in
scries, in which latter event the Company must call (or redemption all the debentures of one or more of the
series first maturing.
i
Convertible on and after September 1, 1918, par for par, into Armour and Company 7
cumulative preferred stock, which is exempt from personal property taxes in
the State of Illinois
Further information in regard to this issue is given in a letter of Mr. J. Ogden Armour, President of
Armour and Company, from which we quote as follows:
The entire proceeds of this issue will be devoted to the reduction of current liabilities, thereby not
increasing present indebtedness. S
These debentures will be the direct obligations of Armour and Company. Total assets as of
October 27, 1917, (the close of the Company's last fiscal year) were $314,174,135.89. There is no lien of
any kind upon the property of the Company except its first closed mortgage (dated Tunc 1, 1909, due
Tunc 1, 1939) for $50,000,000, which is a lien upon approximately $60,000,000 out of a total of $103,
801,644.88 capital assets.
During the last three years the average annual earnings of the Company, available for interest
charges, have been approximately $21,950,000, and the average annual interest charge (including inter
est on the bonds ) has been approximately $4,480,000. During this period over $46,000,000 net earnings
have been retained in the business, after paying cash dividends amounting to $6,000,000. In 1917 earn
ings from sources within the United States applicable to interest were over $27,000,000 on a gross olumc
of business amounting to $575,000,000. The earnings for 1917 do not include any revenue from business
originating in South America or other foreign countries, the volume of which business amounted to K ap
proximately $300,000,000.
The Trust Agreement securing these .debentures will provide, among other things, that no addi
tional mortgage shall be placed on the properties and assets of the Company, which docs not include
these debenture's in the lien of such mortgage.
The Agreement will furthermore contain a covenant that current assets of the Company shall be
maintained in an aggregate amount equal to at least one and one-half times all current liabilities,
including these debentures.
The 7c Cumulative Preferred Stock, into which these debentures are convertible, may be
redeemed by the Company at 115 and accumulated dividends. The total presently to be authorized will be
$60,000,000, all of which will be held in .the treasury of the Compati) to be available for exchange
for these debentures.
MATURITIES AND PRICES
$10,000,000 due June IS, 1919 99.25 and interest, yielding about 6 '
$10,000,000 due June 15, 1920 97.75 and interest, yielding about 7H
$10,000,000 due June 15, 1921 96.75 and interest, yielding about 7K
$10,000,000 due June 15, 1922 95.75 and interest, yielding about 714 N
$10,000,000 due June 15, 192395. and interest, yielding about 7VS
$10,000,000 due June 15, 192494.50 and interest, yielding about 7Y
Subicriptiont will be received subject to allotment until 10 a. m Tuesday, June 18, with the right
reserved to lose the boohs earlier, without notice. In sending your order it is advisable that you
specify whether a substitute matu,ritywill be satisfactory, if maturity selected cannot be allotted in full.
Temporary certificates will be teady for delivery on or about June 25.
The Jtatement, contained herein are not guaranteed, but are based upon Information which we believe
lo be accurate and reliable, and urn wych we have acted in the purehaie of thee accuntici.
Continental and Commercial Trust and Savings Bank
Chicago
"A
Halsey, Stuart & Co.. (inc.)
Chicago New York
Illinois Trust & Savings Bank
Chicago
First Trust and Savings Bank
Chicago
The Merchants Loan & Trust Company
Chicago
Passed by the Capital lasuei Committee as not -incompatible, with the national interest, but
without arp.roaJ of lci-alit, validity, vorlli, o- gcctirily. -,
,-j9
i
!i
tf
m
fl
.fl
vi
M
-tl
1
i
V I
41
'M
-i
1
il
'I
ji
.
5
,k
v
M
ny
fl
i
"-3
,c
kl
1
m
u
.. ..a
'M
M
KTTTL '" f Jtw i h m n-T W9n
.--- -fi,a
r,.
7 . .-AT-
?'.' -s. - i ,
F- ,.
I ;"?5-a
fi. '
- - i
jff X 4 A
H - - v.; 471
.l
-- -
vWJ