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EVENING ' PUBLIC LEDGER PHILADELPHIA, THURSDAY, JUNE 26, 1919
1 A1
. i k FdS
v.
ft
Tho following companies
offer
INSURANCE
of all kinds
Beidler & Bookmyer
General
INSURANCE
BROKERS
324 Walnut Street
Lombard toil' Slain 451
New York Office
95 William Street
PUBLISHES WAR RECORD
Tit Olittt TUX Company la Ot Wtli
fceal estate itlt
Utatfurance
anfc Gfruat Company
of $Ij.labelpjis
523 Chestnut Street
Turner Construction Company Issues
Artistic Volume in Color
The Turner Construction Company,
which has offices In this city, New
York, lloston, Buffalo nnd Pittsburgh,
has just published nn attractive record,
In book form, of Us activities during
mo war.
The volume Is interesting, not alone
because it emphasizes the vast construc
tion work done by the Turner Construc
tion Company In numerous government
projects, but nlo because It represents
an unusual product of the art of lithog
raphy. The book is well-constructed,
Is printed nrtlstlcally and is replete
with color-photographs showing in
terior and exterior views of cantoments,
hospitals, supply bases and other war
projects.
In the volume arc tributes to the
workmen who "did the jobs," and there
is an honor roll Inscribed w 1th the names
of tho company representatives, who
heard tlic "call of democracy.
Included among tho many buildings
pot up during the war by the com
pany arc :
United States Navy Supply Base,
Brooklrn. N. Y. : coast artillery bar
racks. New York haibor; laboratories
CORN TRADERS. WAIT
FOR SIGNING OF PEACE
,WILLIAMS
C& WALTON
General Insurance Agents
,Nos. 416-420 Walnut Street
PHILADELPHIA
IjmiiniiiiiiiiiiiitiiiiiiiimiiUMiimiiiiitiimiiiiHiiuiiiimiiiiiHig
I 1825 1019 1
y i THE S
1 PENNSYLVANIA I
I FIRE 1
s
I Insurance Company 1
Market Is Listless, With Under
tone Heavy Oats Drop
After Gains
Chicago, June 20. There was no
snap to the trading In corn today and
no wide swings in prices. Brokers were
Inclined to avoid making commitments
until after the signing of peace.
Tho undertone of the market was
heavy, although right after the start
there was n flash of strength. Liquida
tion of July by longs was induced by
statements that more corn In elevators
wbb out of condition and an announce
ment that ten cars of Argentine corn
had arrived at Buffalo also had a de
pressing effect.
H was stated that this corn was being
offered nt $1.83, without finding bujcis.
Some reports had It that the maize
was wecvily. Domestic No. .1 jellow at
Buffalo was quoted around $1.01 ',(:.
Commission houses miri'linst'il nt tlmp.
and buildings for the department of, but offerings were free on nil rnllies.
commerce and bureau of standards nt Oats sagged with corn, nfter show-
Washington, D. C. ; emergency hospitals
in Washington, D. C. J Fort 1-nfayctte,
New York harbor; medical supply store
house In New York Navy Yard; Forts
mouth prison barracks, Klttcry Point,
Maine; nnd many storehouses, piers nnd
department buildings for the United
States navy.
Report on Phone Earnings
Washington. June 'JO. A report on
telephone earnings issued today by the
Interstate Commerce Commission shows
that sUty-fivc companies reported gross
enrnlngs in February of $20,883,748, n
gain of $3,02.-,410 over February, IMS,
and operating income of $3,780,172, n
decrease of $202,030.
Philadelphia Markets
12 30, No. S I
12.30, No. 4.
$2 2T Ni 4
GRAIN AND FLOUR
WHEAT .Tlrrrlnta IS. 1X1 hith1. The
market ruled firm with llrht offerlnre Quota
tion: Cur lotn. In export elevator, government
standard Inspection, Mamlard prices No. 1
2.8Hi No. 1 hard winter $2 SO: No. J red
?. n.'!'r- a-arllckv. 2.87j No I red, fmutty.
-'.Srt, No 1 red vlnter. 12.80 No. 2 north
ern aprlna-, $2.3(1. No 2 hard winter, 12.81!
No j red winter, irorllckj. 12.84: No. S red
amulty, 12.83. So. 8 red winter. 12.321
No. 3 north-rn sprlnir, 12.32. No. 3 hard
... r ..- - , ' r-n winter, ariii-x.
ITU rillJlLV, tw. tU, 1
Bnrlleky. J2.2S. No 4 amutt.
AA o 'i - .7 ".", ",, ,...-.- ".. .-
mutty. 2 2,-. No. ft. sarllcky. emutty 12,24.
. V'V Itecelpta. 01J9 buahela. Trado waa
P,"iet hut prices ruled firm and hither under
llnt orterln. We quote yellow In car
lota ror local trade, aa to qualm and Iocs-""J-.i
'! "1.0 per bushel
OATS -Ilecelpts B1.7I1S bushels. Supplies
were moderate and the market waa quiet at
former rates The quotations were aa fol
l?.lJ!':,.(rHr lot". tt" t location No 1, white,
NllWHIHi, Xo 2 white, 74K(lc: No. .)
"hit. 74 fJTflc. No. 4 while. 7oP70f.
PI.Ot'n Itrcelpts rn.S4.SStt lbs In sacks.
The market ruled steady, but demand waa
only modtrate Quotutlons To arrive. rr 100
Iba , In 140 pound Juto anclts winter
'i.,ll, Jrt"n JMWll 21: nearbv 110 75
Wtl 2.1. Kansas straluht Ill.n0fll12.2n. do.
"n?,..?!JLn, J12BI2.10: sprln short pat
ent. 1212 .10. rlo patent. $11.012 25:
dOiflrMt clear, jn.2,MiT0
ItTR FI3l'n was 'inlet and unchanged
c quote at JS2.1B8 75 per barrel. In
sacks as to qualltl.
PROVISIONS
Thre was a fair Jobblns; demand and some
kinds were firmer The quotations follow:
Iteef. In sets, smoked and air dried. 48c.
knuckles and tenders, -moked and air dried.
40c: onrk familv 14r.nc, hama S, P.
cured loose. 3114 37Sc do, skinned, loose.
d(l37c: do. do smoked, 3830c: do,
,., , , , uuiiii uuni-in- ., ,r picnm snouioers n. I-.
lug nrmness early. Crop complaints cured, loose 2ic do mokpd :tiio bellies,
und assertions that the weather was too '"rd0,10: ",Me- 3,c "" bH-on' ii'
hot for oats brought buying orders Into
the pit at first, but the bienk in corn
caused pressure.
Klevator Interests took July and sold
September. Trade was not large.
The demand for the cash nrticle was
slow.
STEAM BOILERS
Gns Fuel
Over 3000 in use
Steam when wanted dar or nltht.
WM. KANE MFG. CO.
t.eadln futures ranirsd as follows
Lorn (new deliver )- Yest
Open With Low Close close,
I)ec .. I .14 1.114 IMS 1B34 1 HI
Sept 1 70'. 1 774 1 7.1S 1 7.1S 1 7(14
Oats
sept . 70 794 so;f nns aoh
lec 714 715 70S 704
I.ard
Juh . 34 20 S4 3". 33 01 33 01 -34 10
kept ..34 10 34 22 33.0,1 84 17 34 OO
Jllbs
Jul ...27tt7 27 RI 27 S7 27 RI -27 R2
Sept .. .27.87 28 00 27 87 28 00-27 80
Pork
July . .51.21 B7 21 M 10 M 21 -,11 Ort
Sept . . .49.25 40 3.1 48 00 40 35 -40 23
Hid tAsked.
LIVESTOCK QUOTATIONS
rhleairo. June 2(1 HOC1S neeetnts. 3
"mi head Market ery uneven Generally
' ..." 2A w,,n Jeswraay's era;e Karlv top.
i J21 30 out of line, bulk. S205T21. hcaiv,
I-" "'y -u.iiii, meoium 9i(tr2i iini weisnt
Bank of England Statement
London, June 20. The weekly state
ment of the Bank of Kngland shows
tho following changes: Total reserve
decreased 408,000; circulation In
creased 570,000; bullion Increased
80,002; other securities increased
382.000 ; public deposits Increased 27,
000; other deposits Increased 13,447.
000; notes reserve decreased 030,000;
government securities Increased 13,
017,000; the proportion of the bank's
rescne to liability this week is 17.71
per cent; last week It was 10.71.
Bate of discount, 5 per cent.
Extra for New Jersey Zinc
The New Jersey Zinc Company has
declared an extra dividend of 2 ner
cent, payable July 10 to stock of record
June 30, in addition to the regular quar
terly tllvmena oi per cent, payable
August 0 to stock of record July 31.
First National on 12 P. C. Basla
First National Bank directors today
declared a quarterly dMdend of 3 per
cent and an extra dividend of V4 of 1
per cent, payable July 1 to stockholders
of record June 28. The previous quar
terly dividend rate has been 2 per
cent, but an extra 2 per cent was paid
last January. A total of 0 per cent has
been declared for the first six months of
11118, and the stock Is on a regular basis
of 12 per cent per annum. The sum of
S2.O,0O0 wns ordered io be added to the
surplus fund, making that account $2,-000,000.
Refined Sugars Unchanged
Bank of France Statement
Tarls, June 20. The weekly state
ment for the Bank of France shows the
following rhanges : (told In hand in
creased 20S,r20 francs ; silver In hand
decreased 1,0.10,1)08 francs; note In cir
culation decreased 7,lhi7,4,'M francs ;
treasury notes decreased ll,814,firH
francs; general deposits Increased 00,
r14,8."2 francs; bills discounted de
creased n,2Til,240 francs; mhances In
creased 0,0r7,5."l francs.
Flaxseed Price Soars
Duluth, Minn., June 2(1 Flaxseed
New York. June 20. The price of "'" "' "" '.'". "n ""
," . . ' ...i. Mn this market today, $. being quoted
in spot and July futures.
sugar remains unchanged on a basis
of 0c, less 2 per rent for cash for fine
granulated and 7.2"c for 00 per cent
centrifugals. The Cnlted States equal
ization board yesterday purchased fi".",
000 bags of sugar for July loading at
r.8Sc.
RAILROAD EARNINGS
nuFFAi.o, nociiESTHn. a riTTsnunoit
Dee
11.12 SOS
2 072 204
Third week Juno
Prom January 1
loin
243 300
0,073 715
CAR CO. HAS GOOD YEAR i
American Concern'a Qross and Net
Return Increase
"J r.
The American Car and Foundry Com- ,1ji
pnny rrports for the year ended April ,tfS
30, 1010, earnings from all sources of.
1TOT11TO ,.nnt-nt,1 nlfh (110. .1(11 '
&23"ln 1018: net earnings $11,771,813."-
against SI 1,281 ,742 In the preceding j,
iMr nml n stirulus after dividends arid
reserves ot ,1, 871, 813, compared wltji .&
t, 031 742.
There has been added $2,400,000 to
the reserve for Umclcnds on ine com- j
mon stock, to be paid wncn ana as ae
clared by the board of directors, making
lc this reserve $7,200,000, or three
j ears' dividends at the rate of 8 per
cent a year upon each stock.
OTHER FINANCIAL NEWS
ON PAGE 20
REFINED SUGARS
Tho market was quiet on a bals of Oo
lor nno Krunuiaien
DAIRY PRODUCTS
CIinKSE Tho market rulM firm with
flfmarm rnir una onprinjj i.ht Quotations:
New York and WNeonMn, whnlvmllk flat.
nirrent mftkM, fancj 32 fff 3JVt.c. New
inrk ana Wisconsin whole-milk flats, cur
rent make, rair to rooJ SPiWolic
M17TTBR Demand waa falrl actle nnd
th market rulerl firm with aupplten well
rleanerl up Tho quotation ranged aa
follows: Solid-racked creamerv extras
'IHc. hlRher-acorlr.K poods A4H nnvc, the
latter for Johhlns: salei extra firsts. ."V2Hc:
firsts, nopnSc, seconds. 4ft4!)c' sweet
creamery, cholee to fanr, RrH RTic, do,
fair to Rood. BOVi (rTTitH c, fancy brands of
prints Jobbing at tUt3c, fair to choice,
MdfrtOr.
nC5fIS Strlctlv fine stock was scarce and
wanted at full prices The following wre
the quotations: Free cases nearby firsts.
MS per crate: current receipts, 114.40;
western extra firsts. MS, firsts, 114 40;
fnney selected eirss Jobbing at 0750c per
dozen
POULTRY
UVK Fowls are acaln lc hla-her but
ther Is no change In other descriptions De
mand fair. Quotations Fowls la express.
ntlfTaSn snrlngr rhlrken bmllers not Leif
horns j ellow -skinned weighing I a - Il,,
... i at . Tf. n . nH
specialism in nitnm a, iiui ttwr OT,c" JIT HiW 1H "in
KiaiPiuiu. rxiiiiw.iji:ui4-m . CATTT Hecelnts 12.000 head
ton (fern . ;. r . .7. Ht .,i"I'i ;,.;' f "" nn t "M" smimpii wriKiuiiK -".
Siit ' I ' lljrht llJfn1JW:!fll',,'ln',N,,' r0iftf,Sc, sprlnir thickens broilers.
--- -. nvniiiu auui. , ii . iiii vv ii ,ai mn.. nni i.vnnpna n.i nu .i.i.iim waiirniiiB
I tie 1 U. IK. hhIaaa J'.CTiu. tVhlt l.tVnm
,n UA, I .. ' . . Wr-. TV I ". . '' .i I "!'-
: t , ' x' iinw-akinneti weisrmnc i trz ma nnecr
iKConrnnATBD 182J
CTTARTEU 1'FnrETPAI.
Omce. 508-510 WALNUT ST.
1'niLAPr.I.rilIA. TA.
I
a
3 Oanltal 7!5n.nnt 01 3
Q Aaaets ................. Wi.mt. a
S Net Hnrpln 1,sis,s?ssn
S Suirlni to rollejholdem. .2.1505. SIS. 00 p
Eniiiniiiiiiiniiiiniiiiiiiiiimiiiiiiitiiiiiiiiiiiiitsiiiiiiiiiiiiniiiiinl
1817
1919
Fire
Association
OF PHILADELPHIA
N. W. Cor. 4th & Walnut
Has given Its policy holders solid
Indemnity for more than one.
hundred years and has never
been eo strong financially as now
Have you a policy In this old
anil rrtlMo CnmnnnvT
CHARTER PERPETUAL
A Complete Federal and Stated
Tax Service
NATIONAL TAXAUD1TBUREAU
Tax lSxperta and TuMla AecountnnU
4 (Ml foloDlul Trust IllilE.
Slarket and 13th Kl.
I Spnien 107S Raro 806
Service and Stability
It Has Often
Been Said
that more effort is used
in getting new business
than in trying to hold
that which you have.
We, on the other hand,
have heretofore de
pended on the good will
of our depositors and
clients for the exten
sion of our business.
Our progress is the
proof of how we stood
the test.
We believe we have an
exceptional banking
service to offer; and we
attain our greatest sat
isfaction when we sat
isfy you.
U'e Solicit Your Inquiries
on Any Hualuraa or Bank'
ino Problems.
Integrity
Trust Company
Fourth and Green Streets
Capital $500,000
Surplus & Profit. . .$1,610,000
beef eteera atead to atrone. butehera' atork
"!. feeders trad. cahe atcadv to 21c
I nlKher Heef ateera choice and prime.
, Jl I iiiJTi:, r,n: medium and aood. MJ.-toC
14.10, common $10 7.rifci2 an, (rood and
choice, $13 S.IBln 2.'. common and medium,
$1iiOi:l 3.1. helfero, $7 7.". ff 13 21, cannera
land cuttera. $(1 21r7 ,10, el cales. licht
and heay, $17M8 .10
SIIECP npcclfta 10 000 head Market
1 atronj. others atead
I Kanasa Cltr. June 20 IIOCiR Itecelpta,
liOOO hei1. Market atromr to hlRher Hulk,
$20 70fi21: henvlea $20 00021. medium
1 welKhta $20.7002101 llehta. $2" .1021 01.
, llltht Illthta. $20 2.1 20 SO. packing aowa,
Jl" ff.W .'(I .10- plge $lffJ20 .10
I CATTLE necelpta 2000 head. Market
I steady to hlfher Heav beef eteera choice
and prime $13.tl0fiH PO, medium and pood
I12W18 .10: common $10 7.1ff 11 no. Ileht
weliht, (rood and choice $11 7.1014.00, com
, mon and1 medium. $11(712. butcher cattle,
helfera, $n..1012 91. co. $0 3101100.
cannera and cutters. $n 2.1JT0 21: veal calea.
'llBht and handv weight $12 7.1 11 feeder
atrera. $0 50fdD10, atocker ateers $7
' 12.31
sillier itecelpta moo heart Market
Wither I.amb $13 75ift 17 10 lamb. cull'
and common $10 2.1GMS 30- earllnir eth
era $10iiJU.71- ewea $.'. IIO0R, enea culla
ard common, $305, breeding ewes $10010,
goats, $se8 2.1.
St. IOnl. June 20 HOGS Receipts.
IA.,100: teady to strong, top $21 40 hulk,
151 flioio. heawuelrht $20 7.1ff?21 40:
'medium weight. $21 10021 40. light weight.
2U'A2i.iu: light iighta- l :m '-'.. neavy
41W41c. White I.echorna. iellow-eklnned,
enuller sizes. 3Sf4Jc nooatera 2122c.
luck Pekln 272Rr do Indian Hunnr,
2127c Oeese. 20c. Plgeona. old. per pair,
40W41c do young per pair, 3140c
DIIKHSKD Suppllea were moderate and
the mirket ruled ateadj with a fair demand
Quotations. Fowls fresh killed. dr-plcki-d.
In bnxs. weighing 4 lbs and over apiece.
10c weighing 3W8Vi lbs , 34c: smaller alrea.
SOW32C. freah-kllled. In barrels, fancy, dr
Ptcked. weighting 4 lba and oer anlece.
3m: neighing .IWm lbs apiece, 3134c:
smaller sizes. 3032c; old roosters dry
picked 22c: broilers, nearby, n202c: do,
western. 4R4J.13ci spring ducks. Long Iiland.
34331c. anuabs. per do?en. white, weighing
11M12 lbs per doz.. $8 .10feo.21l do do.
weighing 0J810 lbs ner doz., $7.K0ts 21:
do. do. weighing 8 Ihs . per doz. IIHn!!:
do do weighing 7 lbs per doz. $4 lO0
ft 21' do do. weighing OffnM lbs per del.
2 603 .10. dark. $1.11002 23: small uni
No. 2 00c $2.
FRESH FRUITS
There la a fair demand for desirable fruits
at relsed figures Quotations lemons, per
box, $1G?d Oranges, California per box,
$2 40M.1S.1 Strawberries per nt , 183400.
Cantaloupes California, per crate $1(3 7.1
Watermelons, riorlda, per car $2.10fl21
ninckberrles North Carolina per qt., IS
23c Cherries nearby, per lh., sour. lo22c.
Peaches, Qeorgla, per crate, $1.3002.75.
VEGETABLES
Choice potatoes are steady and In fair de
mand Onions and cabbage are easier. Quo
tations: Avhlte potatoes houth Carolina ana
packing sows smooth. $1R751071 packing North Carolina per bbl No 1 J34 25
sows rough. $17118 7.1. nigs tll10 75
CATTI.n Reeelpta 2800. steady to strong.
Peef steers medium and heavy weight,
medium and good. J11..1114 75, common
SIO .11m1 1.5.1 Mffht uplirhf rnnrl snrl choice.
$11.5014 2.1: common and medium. $0 71 ' 1 10
jf li .in; putcner cattle, neirrs. no
No 2. $1752 21. white potatoes. Eastern
Shore. Vlrglnli, per hbl No 1. $4 $5:
No 2, $2.21CP2 50 white potatoes Norfolk,
per bbl. No 1, $3 754 25, No 2. $1 BOiB
' Cnhhaffe Knstern Shore, ner crate, tt
..-. . ... - . . .
do rennsivania per dim . ti.jaw
Onions. I.astern Shore per bushel
,".o2 75. onions.
$1 2.101 73.
New Jersey.
14 21. cows. $7. .10011, cannera and (Utters I hamper. $-
$0 2,167.30: veal calves, light and handy I per Basket
weight. $13017 7.1, feeder ateers, J8..1O0 l
''sHF.R-'ecelp',"' 3..Vad5. Umb.l BUTTER, EGGS AND CHEESE
84 pounds down (including springs). 14, N York. June 26 HUTTRR Steady.
Receipts. 14.0(14 tubs High scoring 310
10 7.1, culls and common, $8011.50. yearling
.western, $11 50012 50, ewes, medium and
choice, $7 0x7.30, culla and common, $2 30
00
Large Industrial
Plants
Do you want a supervisor
for your
Medical, Sanitary and
Welfare Departments?
I am an army physician ncre 37.
I1 yearsTClth troops In trance.
Now In rliarse of hospital (rank of
major)! good exreuthe. skilled snnl
tarlan, phjalrlnn and welfare worker.
Thoroughly understand Industrial re
lations between management afld
large bodv of emplceea. Correspon
dence confidential. Ilox A 336, l'ubllc
Inciter (Mite.
IB.S.H.CV
PHILADELPHIA STEAM HINTING COMPANY
ENGINEERS & CONTRACTORS
FORTHE COMPLETE GENERAL MECHANICAL EQUlPMDfTOF BUILDINGS
JUNIPER "W CHERRY STREETS
Heating Plumbing Ventilating
General PipingWork Steam Power Planbs
Sheet Metal Work Repairs
Always at your Service Day or Night
-ESTABLISHED 1670.
B HE oFtllV
g.. ..... ...riVrsrinfi' S w s
I. . il
We Offer for Sale
United States
Treasury Certificates
Tax Series T 6 Dated July 1. Due Sept. 15, 1919
Tax Series T 7 Dated July 1. Due Dec. 15,1919
Price Par and Accrued Interest. ,
Delivery July 1st
COMMERCIAL TRUST COMPANY
s
Member of Federal Reserve System
City Hall Square
02Hc: first BOHihJ
S0c. state dairy. BOH
r.HUci eras, 1SV
riJc, seconon, rsi
G'Jr
KOQS Irregular Ilecelpts 20 vM casee
Freeh-leathered extras. r.()V4c etnraKe-paeked
extra firsts. 4.Vh firsts. 4l047ci ratli
ered extra firsts. AIM -l9r. dirties, No 1.
a7H3RHc. No 'J, 3B37o. cheeks. 3flg
37r. state and nearby henner whites. ilO
etc gathered whites, 47e:.fio western
whiles, 47(n0e. western and southern rath
ered whites. 4(lffIftRc. state and nearby hen
ner browns, ,"trnc. pothered brown and
mixed colors, .'.nW.I.'c: fair to prime 4
41)U,c flrsts. 4(l4Sc , seconds, 17844r.
CHnKSK Firm Receipts. Ifiiin boxes.
Flat, current make colored, ft erase run,
SliifSl'ie flat, current make, white average
run. 31iRiSl'ic: colored special", 32iP3SV4ci
white opcclals, S2WR2H
CHICAGO POTATOES
rhlraso. June 20. Potatoes Arrltals. 23
cars. New. steady: nils Triumph No 1,
In car lots J2.7SW3 cwt Irish Cobblers.
No. 1. 2"i83 bbl. Old weak on north
ern white stock. Choice stock no sales.
KANSA8 CITY GRAIN
Kansas City, June 20 Cash wheat un
even No, 1, hard. 12 MfflJ .111, No 2, 12 .IJ
W2..17- No. I, red. S3..1302 3(1, No S. 12 34
" .11
COflN Unchanged to 2c higher
mixed Jl 8118)1 8S, No 2 while
I M. .no i'. yellow, xi smi -'
OATS iir to lc lower No 2 white.
7m372c, No 2, mixed. 7O07OSe
No 2.
tl t3
NEW YORK POULTRY
New ork. June 2ft Poultrv me easy.
Broilers. 4nff.11c; fowls, .H'-j C.'llc old
rooster, 2221c: turkess, 23ff30 Dressed,
steady nnd unchansed.
FOREIGN METAL MARKETS
New York. June 2ft. Cable advices re
ceived at the New Tork metal exchange this
morning quoted prices In I.ondon us follows:
Tin Spot 210 Ids. a decline ot 12 10s:
straits 2311 1() a drop of 2 10s Sales
Bpot, SO tons, futures, 70 tons Standard
copper Spot, RI) 10s. a drop of 13s The
quotation on future tin and copper was un
decipherable. Sales spot copper 400 tons,
electrolytic Spot. 00: futures, 01 both
unchanged. I.ad Spot, 22 2s Od. an ad
vance of 2s lid' futures, 22 3s unchanged.
Spelter Spot 38 fia; futures. 38 13s both
unchanged.
BTKAMBIIIP KOTirBS
I'alktncer and Freight Berries
NEW YORK to LIVERPOOL
Orduna July 5
Caronia July G
Carmania July 12
Royal George July 26
Orduna August 2
Caronia August 0
Carmania August 16
Royal George August 30
NEW YORK to SOUTHAMPTON
Aquitania .June 30
Mauretania July 11
Aquitania .. . .' July 28
Aquitania August 23
IEW YORK TO PLYMOUTH,
HAVRE "AND LONDON
Snxonla , July 17
PHILADELPHIA to LONDON
Vennonia July 8
Philadelphia-Bristol (ATS"k,u,u)
Direct Service Pier 16. South
lsoo wat.kpt ht.. rim-Anm-riiiA
"Queen of Sea Routes"
TO
BOSTON
SAVANNAH
JACKSONVILLE
Steamers sail Philadelphia for lloston,
Wednesday. Saturday, ft P. M.: (or Savannah
and Jacksonville, Friday. 0 P. It. A most
desirable way to travel In comfort and ship
wim uiapaicB. y ' t
Merchant M,iRri Trans. G.
NEW ISSUE
$3,500,000
Clinton-Wright Wire Company
First Preferred Stock. 7 Cumulative
Convertible, at the option of the holder, into Common Stock on the basis of two shares of Common Stock
(par value, $50) for each share of First Preferred Stock.
CAPITALIZATION
(As officially reported as of June 26, 1919)
First Preferred Stock, 77c Cumulative (this issue)
Voting Preferred Stock, 7 Cumulative . .
Common Stock (Par Value, $50) . ...
The Company will have no Funded Debt
Authorized
$3,500,000
1,500,000
7,500,000
Outstanding:
$3,500,000
1,500,000
7,500,000
From a letter of George M. Wright, Chairman of the Board of Directors, we summarize as foUoios:
The Clinton-Wright Wire Company, incorporated under the laws of Massachusetts, has acquired all the
assets and business of the Clinton Wire Cloth Company, founded 1856; the Morgan Spring Company, founded
1881, and the Wright Wire Company, founded 1883. The Company is one of the largest manufacturers of
wire and wire products. Its six plants in Worcester, Clinton and Palmer, Massachusetts, have an aggregate floor
space of about 36 acres and employ over 2,500 hands. The gros3 sales for the latest fiscal year aggregate over
$12,000,000.
The First Preferred Stock, 77" Cumulative, is protected by conservative restrictions, and has preference
as to both assets and earnings. A cumulative sinking f ind commencing July 1, 1920, is estimated to redeem the
entire issue within twenty years, by call or by purchase, at not exceeding 110 and accrued dividends.
The fixed assets have been appraised by Messrs. Ford, Bacon & Davis, at a sound value of $8,225,000, or
$235 for each share of First Preferred Stock. The net quick assets, according to an approximate consolidated bal
ance sheet prepared by Messrs. Marwick, Mitchell, Peat & Company, are in excess of $4,200,000, or $120 for each
share of First Preferred Stock. The net assets are thus over 3y times this issue.
The average net earnings of the constituent companies for the past' three years have aggregated over
$1,000,000, or over U times the annual dividend requirements of the First Preferred Stock. The demand for the
products of the Company is national in its scope and increasing rapidly.
Price, 98.50 and accrued dividend, to yield 7.10
Subject to prior sale and change in price, and
when, as and if issued and delivered to us
Tax Exempt in Massachusetts and Exempt from Normal Federal Income Tax
Parkinson & Burr Spencer Trask & Co.
E. H. Rollins & Sons
The entire issue having been sold, this advertisement
appears only as a matter of record.
NEW ISSUE
70,000 Shaes
Common Stock (Par Value $50)
Clinton-Wright Wire Company
of Massachusetts
CAPITALIZATION
Officially reported aa of June 26, 1919
NO BONDED DEBT.
Authorised
Flrit Preferred stock, 77c Cumulative $3,500,000
Voting Preferred stock, 7 Cumulative 1,500,000
Common Stock (par value $50) 7,500,000
OntMandlnv
$3,500,000
1,500,000
7,500,000
octCTDAD JFir1 N1""1"1 Bnk' Boiton tdawccttd ArcniTC i 0ld Co,ony Tru,t Company. Boston
REGISTRAR 1r ., ,, T . ,, M v , TRANSFER AGENTS iw . , .. w vi
(equitable Trust Company, New York ( Mcrcrriljle Trust Company, New York
We summarize from letter of George M. Wright, Chairman of the Board of Directors
of the new Company:
EARNINGS "For the past three years net earnings after taxes and liberal allowance for depreciation
have averaged over $1,100,000, or after allowing for full 7 dividends and sinking funds on
both the First Preferred and Voting Preferred Stocks, the equivalent of 8 or $4.00 a share
on the Common Stock outstanding. The demand for the products of the Company has never
been greater than at present, and I estimate that the net earnings of the Company applicable to
dividends on the Common Stock for the fiscal year ending June 30, 1920, will be in excess of 13
on the amount of Common Stock outstanding, or equivalent to $6.65 a share.
TRADE POSITION "The Company will occupy a dominant position in the wire industry and be in a
position to increase its business substantially and to make a considerable reduction in its unit costs.
Among the advantages of consolidated operations I may mention that the output of wire will be
increased about 1 0,000 tons by reason of the fact that the Clinton Plant has heretofore purchased
elsewhere its supply of wire which will now be manufactured in the Worcester and Palmer Plants
of the Company."
PROPERTIES The Clinton-Wright Wire Company, incorporated June 23, 1919, under the laws of
Massachusetts, has acquired the assets and business of the Clinton Wire Cloth Company, founded
in 1856, the Morgan Spring Company, founded in 1881, and the Wright Wire Company, founded
in 1883.
ASSETS The land, buildings, machinery, equipment and other fixed assets of the Company have
been appraised by Messrs. Ford, Bacon & Davis, with due allowance for physical condition and
fair costs, at a sound value of $8,225,000. The net quick assets of the Company, according to an
approximate consolidated balance sheet prepared by Messrs. Marwick, Mitchell, Peat & Co., are
in excess of $4,200,000. Physical property and net quick assets of the Company therefore aggre
gate $12,425,000 or $100 for each share of First Preferred and Voting Preferred Stock outstand
ing and $49.50 for each share of Common Stock now outstanding.
Application will be made in due course to li-i this stock on the New York and Boston Stock Exchanges.
PRICE $36 A SHARE
Liggett & Drexel
61 Broadway 120 Broadway
NsvrYork. . New York.
Knauth, Nachod & Kuhne
Tha Irioraatlon contained herein Is derived from sourceawhlcij we regard aa reltible- We da not smrsntee
,- the statements herein, but belieya them to be correct. , ,
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