' -fl-wry1 -TV " '"1 Wtoi$jiip'
1 1
EVENING PUBLIC LEDGER PHILADELPHIA, TUESDAY, OCTOBER II, 1919
1U
-A-
nm-
s
Every Man
Needs This
New Book
Free to any business
man who is interested
in the market and who
wishes to know
The C.cncrnl Rules of
Tradlnp.
How to Give Hrolvcr
Instructions
Urokcrn' Commission
CliargcM.
How to Indorse a Slock t
Certificate.
How to Use Collateral
in Trading
How to Group His In
vestment. The Deposit Require
ments for CarrjMK
Stocks on Account.
The Right of Stock and
Bond Holders, etc.
Written in simple lan
guage and easy examples
riven. No obligation.
Edition limited. Call,
'phone or write today.
Ask for No. TU-63L
JONES & BAKER
SECURITIES
Widcner Blrfg.. Philadelphia
rt'M Hell, Ifalnul 6065
Keysoii, Rate 2290
ft.rfl Trll Win
New Yerl IVf.elt riti,bul
RALLYING
POWER
STILL VIGOROUS
Inherent Strength of the Market
Put to an Unusually
Severe Tost
WALL STREET DEPRESSED
Robt.GIendinning&Co.
Investment Securities
Special Attention Given
to Orders on
Pittsburgh Stock Exchange
by direct wire connections
I eu V.orl
Member ' I'hlla. filock Kirhantfi
iri'laburch
400 Chestnut St., Phila.
New York, Ot. 1-1. The New York
Sun's closing finnticinl review today
says :
The securities ninrket bad to pick Its
way carefully through n murky ami
dcpceealiiB atmbsphero when Hie Mock
exekango rrstimed buMnrs tnclnj, fol
lowing the extended reeefs, but In gen
ernl the liit npqultted itself in n man
ncr amply to demonstrate its Inherent
Mrength,.
The bolemn rumors vvhirh were rur
rent over the week-end and the holiday
concerning the President's condition
and the nature of his ailment were suf
ficient to cause anxiety aud hesitation,
even had it not been for the wearisome
aspect which labor unrest assumed In
the latter part of the week,
Tho Inbor situation, in truth, left a
great deal to be desired, althouch some
secmf! to think that the Onrc up of the
radical flame iu the longshoremen
meeting Saturday evening forecast a
quick burnlug out. The express walk
out and the inability of tho industrial
conference to agree on a resolution look
ing to an immediate understanding in
the steel strike added to the complica
tions ulready existing.
Notwithstanding the depressed spirits
of Wall street, the slock list gave
highly satisfactory display of its abllltj
to rally from llin losses of i! to 10 points
or more sustained in the tirst hour. Ilj
noon the setback bud been substantially
corrected.
As was to be expected the heaviest
declines were in the specialty group.
Crucible Steel went down 0 points and
recovered more than 5 points, all in the
space of the forenoon. Baldwin dropped
10 points, Texas Company fi points and
Royal Dutch " points, and In each in
stance coming back in good form, (irn
eral Motor sank from Wl- to UilO mnl
then ran back to DOO.
I'ierce-Arrow moved counter to the
others, going up some 4 points when
everything else, except one or two like
lotted Htateg industrial Alcohol, were
bclnr pressed down. Tliere is a large
short interest In the latter issue, and
covering operations carried it to 102,
Although both stock displayed erratic
tendencies on occasions.
Tho steel, equipment and shlnnlnc
shares were steadier throughont. Their
losses were only 1 to It points at most
and they, too, were resilient In mo
ments of less persistent selling pres
sure, United States Steel ranged from
lOIHi to 111U against the Saturday
closing at lll'jg.
CORN MARKET WEAK
DURING MOST OF DAY
Prices Start Lower and Volume
of Business Is Light.
Oats Arc Dull
ADVANCES FO
U
ow
DECLINES ON CURB
Early Market Uneasy, Due to,
Unfavorable News Over
tho Holiday
ftleVocIc oil
Houston Oil .
M'rrltt oil .
Vm IMrnl
Midwest Oil
I Ohio fuel ...
Omar Oil On.
ifrapulra Hf ..
Neouoyah
Hnrlafr rjulf ..
1 Soutrmrat oil .
United oil
W TOIIK Ct'Iin Continue!
4'i ;
140
2
. 2-S
.171
. S3
: i
. nn
15W
Lin's
173
2"
10
S
i
At
2
4
a;
ON COTTON EXCHANGE
-i
Lator Months Advance From
j 15 to 67 Points on Commis-
sion House Buying
raueed rather sharp reactions right after
the call, On the whole, however, offer
ings were very readily absorbed owing
to the continued bad weather and bull
islr crop advices, Trade Interests were
among the buyers, and there was also
bujing for New Orleans accouul.
The bitter was uceonniiinied br re
ports that delegates attending the New
niuirifrejric nrxrl Ancrt
MMdle RUte oil Corpirrntonr reivfai ,
monthly dovldend of ten cents, payable Jflf.
vemW 1 to stock of record October VQf
DecemS-r 1 to nock f record November
and January 1 1 !I20. to stock of rtootd '
Pi.pcmbfr SO 1HI0
Otisolldstad rnul Company oUarterlJ nf
It. SO, payable October .11 1o utoclt of record.
0Mobr it ,v.
inKcrsoii.iianu i ninpanj- quarterly- oi "
minimi mocks
Masks ROM ltd
I HI Ledse '
i NuUe New York
Koston Mont 7"
I i' 1' 8 Jerome 'i
on Arm l
rimt National l'i
aqpwai t'5 nuir.k rfhovery owm con.'.. .:::... ?k
noWineM Florence 08
. i '.omneiii Keuanee 4
! rtnidileld Merser 4
York. Oct. 11. There was dr-.V&u "finTn V..V.
trading for a lime on " sound ......
Jerome Verde
Mm Duller
Jumbo Intension . ,
Mrlvlnlcy Jarrali
AlHRma Copper . . . .
r,n.i. nr.i.T vn.Tiii:rt t.rr.i:-vsr
rhlmao. Oct 14 Minnie Missouri
Wleeoneln. Tova NebraekR and Kanaft
UnsoJlled tonlRht and Wrdnerri' prob
abW'cooler Minnesota Mnstb rloud tn
nlpht and Wednesday, probabl; rain s'oulli
pooler North Dakota Kalr tonlBbL m'
Wedneeaas. coioer touirhi .-.nuni naunta
Uneettled and colder tonlalil. probibh
rnln eoutlieast. Wednesdav fair and uarni '
er rontana and VjomtnK talr lniKht
and (Wedneaday, warmer
Chicago, Oct. 11. YVrnknc;.'. was!
shown in the corn market during ihei
greater part of the session todn. Prices'
...-,-., ,.. . .H..1 .Hll :.. I
siancu inner t'ii p, .nit-, -u nuii in
duced by a decliue iu hogs; generally
favornble weather and the unfiiMiralile
labor situation iu the Must.
The c.ibh market also was weak nnd
this hntl a sympathetic influence nn
quotations Inter in the day. Commis
sion nouses, as a rule, biitl selling
orders and nbout the onlj bujing mine
from local operators nnd from shorts
who covered. Hut for this demand
prices would have gpne lower iu the
opinion of some of the shrew est
obkcnors.
The markets for o.its was dull with
Ibe tone heavy in .sjnipnthj with the
mnomcnt in corn. Trading gener.'illj
was of a local chnrncter. although mm
mission houses bought from lime to
limn .... i-n.linr. rtr.leu Tliei-r. n-.iu ill... I I tlRtln1! s Mntorfl
some purchasing against indemnities, a'ciu i!"l"
lhls luijiiig resulted in holding price--1 ramp
In check.
!.H(llnir future ranaed as follow
ivrn inew rifiivn l
New
cldcdly active
the llrond Street Curb today when the
market was tinder the Influence of the
uneasiness created by the unfavorable
haracter of the news tner the double
holiday,
In the first few minutes many issues
declined from 'J to 7 points, but the de
cline was abruptly ended and In the
later trading substantial advances weiv
In order with some stocks moving up In
new hich records.
(leneral Asphalt was one of the weal
features earl), rnnglng front 117' to
I PJ. but was in urgent demand on the
decline nnd made a quick recotcrj.
Vanadium Steel sold down from .51'... to
.VJ'i, from which it advanced to the
new high record of fiS,
Submarine llo.it was unusually ,c
live, advancing to 1t)'j. There was
heaiy trading ngain in the United
Stales Steamship stock, which ranged
from "s to (l-li. Simms Petroleum
diopped ojcr 1 point, to -'IV't, hut
ipilcklt advanced to aboc f!8.
American Safelj Kuxor ranged from
IS'', to IS. Ioft. In the early trading,
ranged from 'Si'n to 2.V; with n quick
recover) before noon.
IML'STKl.M.M
I.
f..
Mother tods
r.nes Co of Amerlea
Vallonal Tin
Mplsfilnr . .
Ua Hercules
San Toy
Tonopah Kutenalon
t'nlted Verde
West End Con
Whl'e'Caps
11
. '. s
. . B"
. . 42
IS
. IS
1
1
.10
in
on
n
t
i:
4'a
r
u
4"
51
'B
f
2'.
r.
f.'i
COTTO.S lli:r.T WRATIIf.n COM1IT10XS
New York, on 14 -Tho followlne tnn
peratures wnre reforded In the cotton belt
this morning Mlanla f,2. t'nrt Hmlili,
,-.H: nlil.ihnnia ( In l.ltlle Itiwl. .Macon
and Autuala, r.S. Knoxvllle 00, Mhreve
poTt. Memphis. I'harleetou Hnd limine
ton. 62, Haannab SI San Antonio. Mont
pnmery and Nastnllle ld. Thomaavllle,
SS, alnpa and VIckehurB 70, lal)eatmi
and Merldlsn. 72. ' Orleanif. "1. Jailt
somllle, 70 lVufaeoln SO Thero vns
.01 Inch of nreelnllalloti nl Tiinina: III
at Atlanta. It Ml Vrksliur(t 22 lit New
lit Man Antolilii. lit at
Orleans convention hnd been verv bull i nr ient nn rommoii. pasablo October 31 (
ishly Impressed li.v lirst hnnd Informn- flo.:1 ..'r.''' .r1.?.c,n!,5r I?. - .i.
,t .!. II . . 1 acaaru .nmur i.ar "mi'iini nuaricnr '
iKoi iHiiiviiiiiiK in,- riiri luuai'tM'is, unu or -'a p( r itpi on rnnimon, paiaDio utu
the later months made a new tilcli 1 ber nl o atorls of r-corl tctolcr 15. "i
I ground.
iOc'oher
Decembei
.tamian
Man-h
M"
Hid.
Sat
clone
.1.1.20 2d
.i.i :isf4i
.1:1 .in 'a a i
.n3.20
an 2S
high
Tocla a 11 00 1 30
mien
.1 1 SO
.11 10
at 00
3.1 SO
33 75
at OD
33 92
,13 SO
31.17
3.1 HO
.11 7.1
SILVER
uir silver wits quoted in"
DAR
Commercial
N'ew York today at $1.17K an ounce,
a gain of lie. Iu toudon the price was
C3,Vd, up Ad.
Orleans. 80
Mile: l nn at Memphis
and t.ltlle Uouk 1 10
l.f.S Hi Hiiro, purl
Vneh
1 2S at Knole
at llahratun nnd
It, I'.
linNT
l'oHei OH 3.
I'o'den . Co 8s
T.usilan Govt .I'k a
Itusslan Oovt fl'ia .
. tut
.101
, . .17
. .IS
101
lot
42
42
41
10'i
Now Yorlt, (lei, II. Competitive bid
ding b) spot houses nt the start this
morning forced October coHji! Vully l"i
points above Snlurda.v'v close.
l.ntcr months ndviuiced from tii to 07
I points on grfatnr cotntuisslnu bouse
1 buying based on heavj rains in Tevns
I nnd predictions for ri.lus in the cast
crn belt. i
After the HaH the list worked off
' a trifle from Hie lop. but business,
I was active 1. ml displnved a generall)
strong undertone. . ,
I The realising and hedge selling!
'brought in bv the npenine advance
U. S. Liberty Bonds
All Issues
Bought and Sold
$50 $100 $500 $1000
Graham. Parsons 8: Co.
i35 CHESTNUT STREET
Philadelphia
V- ti a Hploslen .
Am, r-llrlt Mfc . ...
Vtnrrlcan Msrcoul
ninr Tobscco hec . -Vm"r
Wrltlnic I'aper,.
Vlr llrd'l'Mlnti , .
Ilrltlsh Anier Toeacco.
I'liuadlau t'ar ''o
im far & lrdy pref..
I'arbon Meel
rarwen Tool
nid
in
,1
e.f.
Tea iloi
Ask (ralel
10', IU',
111 IB'
M r
20 27
.12 3S
00 100
112 ISO
1 7
R'4 t
yramgisiiiBEiiiiBiiiiiaii'aiitii'iiiiiiwiHiiiiiiHijiiiiiiiiiiitwiiiiiiii'ir'jaai
LIBERTY BONDS
BOUGHT and SOLD
Any Dtnomlnattoni
Samuel K. Phillips & Co.
ot ritEfiTNCT smiErrr
Mambera rhlladelohla Stock Elchaium
$50 $100
LIBERTY BONDS
IHHT.HT AND HOLD
Biddle & Henry
104 SOUTH FIFTH STREET
Mfmbra rhtladelphla Storlc Kxchangs
TINANTIM.
fc
Dafoe-Eustice
Company, Inc.
The directors of tho Dafoe
Euttlcc Co Tnc , have declared
a. dividend of fifty rents a Bhare,
pavable November 15, tn Mock
noldcrs November 1 Transfer
hooka close November 1 and re
open November lti
.M.rnHD n, llox. Treasurer
Petrol!, Oct. IP, 101D,
Vte
LITTLE THINGS
"Faithfulness in little
things" indicates absolute
reliability in big Uiinb's.
The close attention tcijjc
lails, the intimate personal
touch between employees
and depositors in matters of
even the smallest conse
quence, reflect the Continental-Equitable
Title and
Trust Company's careful,
painstaking treatment of
the larger banking problems.
Continental-Equitable
Title Trust Company
12th Street Above Chcbtnut .
Philadelphia
$1,000,000 Capital
$1,000 flOO Surplus
tiv Kit $10,000,000 mcrosiT.s
Open
1 21'4
1 20'4
lire
Vl.iy
Oata
Ilec . .
Me . .
Pork--Hi't
. .
Jan
t.nrd
Nov ...
I 111 ha
Oel . .
,.tRtt . 17.20
Asked
lliah
1.
.-.'
1.20'i
0 70IA
2'a T '.
1. 20",
1 1S.
r.n,
l-ln,
1 21V
1.20",
' urtl-s Aeroptane . . .
l-iitersnn rhonocraph
(leneral Avphalt
11,11 ll.-nu i
, '.','","' ' llejden Chmlcal
-, Hupp Vtntorn
.ISO
. 11
1,V
.Id's
ivn
17
Vest
.11.1 H7
I 21
. . . . as no t.'is on
"i.n.- .ii. so ai no ,i: :,
2.1.23
' ii
2.1. or,
20 2
2.1.2
I7..10 17.17
2ii 10
23 02
IK no
17.20
2.1 s:
is no
17 to
Inter Motors
lull 1'rodurls ....
Inll tlubher
I..L. rnrnoiln Ttoat.
ta-lilKh (-'oal Sales 9J
S
12
S2
r.i
22',
I -1
EMtiiiiiriiimaiiiiiapiiiiiiommiiriiiiiiiMiiiiiMiiiiiiiiiMiBiitiiiicmi'
NEW YORK COFrEE MARKET
New York. Oct. 1 t. The opening of
the coffee futures market was 0 to 12
points loner. There was a disposition
lo sell on signs of unsettled conditions
in Viraxil.
There was some European selling on
the opening "decline, but the offerings
were readily absorbed and local traders
later seemed lo be impressed lets by the
uniettled ruling in Santos futures than
by the firmer ruling of spots nt Itio,
There were also rumors (lint private
cables reported n Jirmer turn in Santos
and prices here rallied during the
middle of the morning. There is n dis
position in some quarters tn attribute
the weakness in Santos to selling orders
from bearish sources here, and there
was probably some bu.ving this morning
on the belief that a speculative short
interest was accumulating both locally
and in the primary markets.
Teat. cIosh
Meptemher . . . 1 1 so
December 1 1.PO
Tanuary 1 1. SI
March 1 1 sa
May 1 1 SI)
July , . 14.80
Illd.
Open
it. 711
ii 7i
14 711
14 W
Ham
t4'.'l6
i i'si'i
l.lhhi. MoN. t l.lbby 20
l.lmi lien P'l
V V Shlpbulldlnc '
S-irth Aiiit Pap Pulp. . . . '
Otis 1',leHlnr I""
Otis S-'lcel Sfl
Ovcrl-'iul Tire -i'
I'eerleis Motor 4,1
Perreellnn T i U ...
Philip Mori Is "I'll
Pmil, llns 1J,
P.en Tlr ')
Safoi Us. or 'S'
Savol.l VI
Savnlil tlhln
Scrlnps-r.noti -'ii
Shell Transport 0
Slnima Petroleum JSi1.
Standanl Motors
Steel Allocs
Submarine rioat J1
Sweets of Ameilra 12
Swift International ri
Tobacco Products
Todd Milobiilldlns . . .
TrMPale Pilm Y ....
T'nlted .Motors ....
Tnlted Plcturn .
Polled Pront Sharlnr
fnlteil nelall .
I' S. Sleamshlp
Vanadium . . .
Vlavaurlau . . .
World Film . .
Wrlsht-Martlv Air ...
:tr,
,13S
12".
21,
tl.I .
ni
ps
37
2S
in
i
12',
IS',
n
s
in
12'e
:'i
r,s
21
r,nv;
2V
t.
n I
hTAMMRD Oil,
Illinois . ..
Ohio
Prairie Pine
S O of I'al
S O or X .1
H O nt N T
STOCK
ISO
..ass
. .2SX
. .300
. 720
IMlKrKM.r.ST OIUS
2RR
ani
780
127
.Mini Oil ... .
Ronton Wjnminj
Oosden & Co. .
Kll llaaln . .
Inter Petrel . .
Island Oil T.
Invincible Oil .
1',j
7S
H'i
II
til
K'.
4.1
II'.
4.V3
ALTEX PETROLEUM
COMPANY
Eirxntk Omcrs, 220 lITlh Atenu,
New York
Tim T3nar of UlrCCtorfl havltUT bV rrtlii
tlon increased tho dividend rato to S0i per
Hiinnm, pajablo monthly, on thn 15lh day
of ah month, dividends of 1 28 vlll be
mailed to atl ntoelcholdere of record as of
Clrtormr mm. iih
S nlal Notlren
f35 oTii!H is iii;hkhy (ilVr.N THAT
ai a nptciai aieeunp or me Btocb
JKoJclers of Urn UanU of Coin mere a. heM
nti tho Ifith dav of Hen lumber loifl
which 2SU'J shares uf 11m aoou shares out
tindinr were preseiii, euner in person or
hv t ?mv. Hiid voting, h resolution uitthnrl.
it-i and dlrectluff thu tilrcctora mid Offlcem
of the Bank to eotrert the Hank of Com
meree Into a National Bank ami to make
trm cerUncala reaulred therefor bv the Itws
nt th Unit id States was unanimously
Cashier.
200,000 Shares
Margay Oil Corporation
(Incorporated under the Laws of the State of Delaware)
' No Bonds
No Notes
CAPITALIZATION
No Preferred Stock
Common Stock (No Par Value)
Authorized 800,000 Shares ' Outstanding 800,000 Shares
18.000 ACRES
riKANCiAr,
Annual Mcctlnga
JEP"?t'
i MOTICK It) IIF.HLItV CilVKN TUA1?
Special Aleetlntf nf fh ntrw-lt.
heldera of tha Drorer, and Merchants Hank.
neia t
nhJch
in ltiJilit day or aukusi. IBID, at
aovi iiuini hi ma wvw Biiarea qui
Itndlnc wary preaont, either In pernon ot
proxy, ana -roup, a resolution auiooni
tnr and dlrectlni the Directors and OtScara
tit tha Bank to convert tha Urovara ni
Merchant! Bank Into a National Bank, anil
lo xnaka tba certificate reaulred therefor br
the lave ef the United Statee, wee unsjel.
voDUlly paaied.
ErtNcar n. fatton.
CaeMer,
lropoeaU
CITY OV TAI'K MAY. N. J.
rnorosAi, roit Sitiikkt tavino
Proposal" In tho form of aealed bids will
he received by the Hoard of Commissioners
of Cap May City, N. .T In render aesslon.
at the lty Hall, on tho 28th day of Oeto.
her, 1010. at to o'clock a. in., and opened
as soon thereafter as possible, for the pav,
Inc of several streets with concrete, bllii.
minous concrete or HKe durable, material.
Includintr tha adjusting of street structures
fArrvsnnnd vvttlt proposed arada nf iuv.
" ---..". i , i ..i... . . . "- .
11 in aocoraance vmiii pians anq sped.
Orations on fllo In Ilia onhea of the Clly
I n I. AI!
lextrtneer and City t'lerk.
The work will consist mainly In, the lay
tpl of appronlmately 13.317 eg. yds. of
ravlnr and 330A sq. yds. of brick or con
crete antlers. The Hoard reaerves the rliht
to reject any or all bide. Copies of plans
and specifications may be had front the City
Clerk on the deposit of fts.00, which money
shall he refunded when plans and specifica
tions are returned in good condition.
OEOfiaE P. WENTZELL,
Director of the Department of Streets and
. Public Improvements,
October 1. mm. ,
" rnopoiAr,s ,
WH,UtF.TTH VAI.I.KV COMPANY
I'lRhT MOr.TOAOK V K PKIl CENT
SINKING FI1ND (iOI.U IIO.MIS
DATED Itr.CKMIIKH 1. 1003.
Notice Is h'reby sTven, pursuant to the
provisions ktl the rnortcaae to Germant6tvn
Trust Company, dated Pecember 1, 1905,
that the underslened Company as Trustee
wilt receive sealed proposals up to twelre
a'elock noon on Haturday, October 25th,
1010, for the aalo to It of bonds, as de
acrlbed above, at a price not exceeding one
hundred and flvo per rent (lOATs) and ac
crued Intereet. sudlclent lo exhaust as
nearly as possible tho sum of 10100.74, now
In the Sinking Fund, Preferenco to be clven
by the Trustee to bonds offered af tho low
est prle.
, OEfWANTOVVN. THUST CO , ,Trtiatre,
UUL,UirSUO : . :.. ,., ,.., l.: .11. ernl in
The maior part of ticso ho ain(?s. on wnien arc u inaiuiuii, v..., :..
which tL Corporation has an approkimato undivided one-thin interest, are in
he very bra? proilucinj? Ileitis of Texas, Oklahoma, Knn.au and Louisiana. They
avc been carefully selected .over a period of seventeen years, and include leases
and land held in fee.
PRESENT DAILY PRODUCTION - - .,'. ,, ? BRRl,Lts
i ntMt. j gAiu h)o ranB an(1 .s thc Cnvm.Am.b ncl mtercat. It in
cludes nettled production from the Oklahoma leases, but does nol include thu
caa and casing head KaBolinc from those leases which are an important source
' .of revenue to tho Corporation.
PRESENT EARNINGS - - - - . " $U30,008 .
These eaniinga, whicli are figured nn an annual basis, are armed at alter
makinjr due allowance for overhead and operating cpennes. They arc at thc '
rate of $1.68 per share on the Corporation's total capitalization,
ESTIMATED DAILY PRODUCTION (Within Six Months) 10,000 ilARRELS
This depends largely on the construction of pipe lines with a capacity buffl
c ient for handling tho potential production of tho Corporation, which is now held ,
down simply because of lack of pipe line facilities.
Legal matters are being passed upon by Messrs. Elicits, Voyelt Gleaaou, & Pros
kauer, of New York; and Messrs. Walker & Underwood, of Tulsa, Oklahoma. ;
Messrs. Haskins and Sells, certified pubUc accountants, have made an examination
o the Corporation's assets and hope certified to same. f
PRICE $9.00 PER SHARE
When, as, and If issued, and rccchcd by us
Circular on request
Transfer Agent.
THE NEW YORK TRUST COMPANY
. . New York
w
'
4: f
Registrar ' ,
MERCHANTS NATIONAL BANK...,
icw lorn.
J. S. Farlee & Co.
'(Established 18S2)
66 Broadway, New York City
Tlifl Information oontalnedt In this advertisement, while not Guar
anteed, Is derived from sources which wc believe lo be reliable.
-V
New lasue
$5,000,000
United States Distributing Corporation
Common Capital Stock
Par Value, $50.00 per share
Authorized Common Stock, $25,000,000 To be Presently Issued, $5,000,000
TRANSFER AGENT
Guaranty Trutt Company of New York.
REGISTRAR
Liberty National Bank of Ntu) York.
United Slates Distributing Corporation has been incorporated under thc law of Virginia to purchase
securities and properties of companies engaged in thc coal, ice, lumber and huilding material busi
nesses and possibly other lines throughout the United States. Ncd for a more economical working
basis has long been felt in these fields.
We summarize the following from a letter from Mr. Getz, President of the new Corporation: "Thc
main interest of thc Corporation involves the distribution of coal, ice and building materials from cen
tralized storage houses, the ample supply for which will be assured by the acquisition of sources of
supply, mines, ice plants, etc. This storage space will be filled out of season when the demand is
light as well as during the months when thc demand is heavy, thus enabling plants to work to their full
capacity the year around, resulting in a benefit to both thc public and thc producers. As mines, coal
yards, ice plants, etc.. arc secured radical steps to improve their location with a view to shortening
hauls and avoiding duplication of yards and plants will be taken, which with thc centralization of the
purchasing power that will be thus created will 'substantially reduce costs. Thc common management
and advice, more expert than thc individual companies could afford, and thc natural advantages
pertinent to a holding company will be extended to all.
"It is my conviction that these measures will develop a group of companies giving better service than
the public has ever received before and will result in lower costs and decreased prices to the consumer
and larger returns on the invested capital."
CAPITALIZATION -The Corporation has an authorized capitalization of 500,000 shares of
Common Stock, par value $50.00 per share, of which 100,000 shares will presently be is
sued, and 10,000 shares of Managers' Stock, par value $5.00 per share, which are being
sold at par to the men who will be responsible for thc managerial control and the success of
the Corporation. .The shares of Managers' stock arc entitled lo ten per cent, of any and all
profits which may at any time be distributed as a dividend, or otherwise. Each share of the
Managers' Stock and each share of Common Stock entitles thc respective holder thereof to a
single vote; in the event of liquidation or dissolution, the assets and funds of the Corpora
tion are to be applied: (1) Toward paying to the holders of the Common Stock the par
value of their respective holdings; (2) Toward paying to the holders of Managers' Stock
the par value of their respective holdings; any balance to be distributed 90f'o lo the Com
mon Stock and 10ro to Ihc Managers' Slock.
PURPOSE OF ISSUE The present issue of .115.000.000 of Common Stock and $50,000 of
Managers' Slock will provide the treasury of thc Corporation with $5,050,000 in cash with
which lo begin operations. .
EARNINGS The Corporation has already had presented to il opportunities for investment in n
number of properties located in various cilics, which, if acquired, would indicate immedi
ate substantial earnings.
MANAGEMENT The operating management is in the hands of men long experienced in their
several lines and who have been verysucessful. Mr. George F. Getz, President Globe Coal
Company, and a member of thc Advisory Committee of the Consumers Company, Chicago,"
recognized as one of the ablest coal men in the country, is President.
BOARD -OF DIRECTORS The Board of Directors comprises the following:
M. F. BURNS, President. Burns Brothers, New York.
HENRY J. FULLER. Vice-President, Fairbanks, Morse & Co., New York.
GEORGE F. GETZ. President. Globe Coal Company. Chicago.
IIARVEY D. GIBSON, President, Liberty National Bank of New York.
G. M.-P. MURPHY. Vicc-Presidenl, Guaranty Trust Company of New York.
F. S. PEABODY. Chairman of Board. Pcabody Coal Company, Chicago.
HARRY T. PETERS. Williams & Peters. Coal. New York.
.1. ERNEST RICHARDS, President. Newton Cal Company. Philadelphia.
S. M. SCHATZK1N. Chairman of Executive Committee. Farrell Coal Company, New York.
E. V. R. THAYER. President. Chase National Bank, New Yorlt.
H. E. WARD, President, Irving National Bank, New York.
WM. C. WATT, Vice-President, Lotus K. Liggett Co., New York.
Legality of the asuc hay been passed upon bij Messrs. While & Case, icw Yorl.
Application will be made at once to list this stock on the New York Stock Exchange.
Subscription books are now open. The undersigned reserves
the right to close the books at any time without notice.
All applications subject to allotment. ,
t
Price $51.00 per share
FINANCE AND TRADING CORPORATION
43 Exchange Place, New York
'4
Subscriptions will be roceived by
FAAZIER & CO.
Broad and Sansom Stroets, Philadelphia
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