Ivu.-- (TJvi7SW5S53Ji "INTEREST BROADENS IN MARKET FOR CORN Businoss More Active Than for Several Weeks Traders Take Buying Side for a Turn Iftht rain mum. VB&iyp PUBLIC LBDGEH-PHiLAllDLPHIA( p-tPrrff-rJ Pjw- v"3it7fl'T (.'Tr-s , V Jls?' ' V ACTIVITY IN JANUARY FEATURE IN COTTON ORAIX nL,T 'WEATHER 1'OJIECAST Chimin. Oct. 17. Illinois. Missouri. Wisconsin1. Minnesota, Iowa Kansas find Nebraska rlr tonight and Katur.fay; warmer. North and South Dakota Fair and wirmw tonight! Saturday. IncreAa ln( cloudiness, cool' west, Montana Unsettled tonight and Saturday, probably .TKTT 6 Market and fourth Sis. a PHILADELPHIA a THE SAME OLD STORY Do not have the same old story the story of the estate that shrinks be cause of litigation or in efficient management re peated in your case. Make n will and appoint this institution as your ex ecutor and trustee. Consult Our Officers CAPITAL. O SURPLUS S 1.375,000.22 ul Develops Positive Strength. Weather Induces Buying or know Wiomlnr Fair to- excent rain or snow And colder extreme nortmrest. Chicago, Oct. 17. There was n de rided reversal in the corn market today. Hiuhiess u'ns more active than in sev- i - era! weeks and It.tcrcat generally Option Opens Lower, but Soon Jt was noted that quite a few ot the most conservative traders appeared !. friendly to the buying side for a turn, ' and the demand from those operators, coupled with scattered commission homo, purchases, caused a firm tone at substantial advances in quotations, j There was little or no selling pressure, I although profit-Inking by longs was In- j dtilgcd in quite freely at times. ' ltulllRh sentiment was encouraged to I n great extent by the statement of Kallroad Director Oeneral Hhies, who I said Vheat would be given preference o cue curriers ot me country. WeiUlier conditions allowed vast im provement, and this will hasten the curing of the corn. Advances In the price for hogs and provisions were fa vorable to the bull side. Oats moed In sympathy with torn, but the advance was limited to smaller proportions, due to the fact that there crc many resting orders in the nmr kct to sell on the advance. As in corn business was more active than in muuy days. Commission houses hud orders on both sides, but bought ou balance. The demand for ex'port, far as could be ascertained, continued small. l.eadlntr futurci ranged us follow s: lorn inew clem ers Yes'das-'s ImiDAY, OCTOBEIt 17, 1910 -m 2a?" LIVE8T0CK QUOTATIONS Clileccto, Oct. 17 ttOOB necelpta. 1,V 000 head! Miner Hulk. $ltlM ton, 1 1.1.06; homy, M.r.0pI3 medluh, 114 HOW 1(1.0(1; light, H.2BirH.' Iliht llahls, ts :(i 14,fnj heay ricUlnar sown, smooth, 913 7.1 If 1 . 2 5 ; packing ao, rouih, 913818 73, plus. 113914 CATTLE Receipts, 7000 head; firm 'Vpiu York Bond Sales ummicrj of ibe fhdUlduiil transac tlons un the New Torn Mode Kxchanite COTTON' I1BLT WUATJ1KR CONDITIONS New York, Oct. 17 The follow-In tem perature wereu-econleil In th cotton belt this moral.-: Oklahoma (lt, to. Fort fcmlth. 4! Little nock, fin; Memphis and Nashville, Ms Rhravenort, Ms Ran An tonio. r,; Vlckabun ami Nashville, r,K; Corpu, Chrlstl and Meridian. B2i MCoti and Atlanta, (IB; Qalveston, Monta-omery". Auausta and Wilmington, OS; Thomas Mile, 70; New Orleans." Charleston and Favnnnah, 72i rnsacola and Tampa 74, and Jacksonville 7S. There was .02 Inch of precipitation fat Little Rod., m At Tatnpa, IS st rensncola, .30 at Iclij. hur, .8n At Nashvllla unci Atlanta. 3H at fihreveport. ,K at Knoxvllle, sn at fnr cua Chrlstl and 1 12 at Montiom-rs and ChAttanooia. New York, Oct. 17. - The cotton I mmket opened steady today and fl to 1," j points higher, except January, which i steers, medium and heavy vreltlit, cholc and nrlme. t?eil.40l medium and lood I11M1G.7S; common, iS.SSfflll lliht. lood and choice, 111 SAtMOl lomraon and me dium, S7 7nl4 28; butcher cattle, heifers Id.1.'.'! t4,:6; rows, 10.S3JJ12.60; canners and cutters, I5O0.25, fal calves, 9111 7(l 17.76!. feeder steers. 97W18; atocker aterra, 97.50010: western ranee ateers, 97.7AO i 15.60; ecus and heifers, 99.70912. H1IKE1' Receipts. OOOii head) strong Lambs. $12.79010.78; culls and common, 8.0012.fiO: ewes, medium, rood and choice, JO.B04J7 7.V culls and common S3 WO 26; breeding, 90.7BW12. I'ltt.burih, Oct 17. IIOOS necelpls, 3000 hind. Blratls. HeaWe. It4. MUr 14.76, heavy lurkerr. 14.M) 14.56; light jorkers 1414.U3; pigs. 19.714. HIIKKI' a'U LAMMS Itecelpts, 6(1(1 head Steady and acthe. top sheep 911, top lambs, 914. 5o. CALVnn -Receipts, oil head. 8tead and ic"lc Top. 921). Ailv numely 4 'it .WOt) (W- " i Am Smelt & n 5s inno. 10000 12000. L'000 . :inot i.. 11000. Am Tel 10(111. . Am Tel 1000., 1100.. 1000.. 1000. Ml'. . 80'. . . .SO'. .. SB'.' .. M, ..BS7 . Tel clt fcJ.'i Tel s ..101' ..mm ..I0l' lOl't Am Writ Paper 11000... S7 liOOO S7 Atiglo-Kicncli us Kat ntllTnln, Oct 17. CATTLE Ttr ,vn 4 nnlnta Inner, lmr anon .1.va1a.,,I ft'"1'. ''H'. ?. . e21'..l-". recelps i ? '".," i n nenu: .l- miner. a;: uupn irih ij,u n .... -,.i Dec. . 122'. 1.24 i L22. 24, l""h Mai. 122 1.2.1'. 122 1.5jJ l"sIJ Oats ' S;r- iK $'!. 7K W f?2i: .'!""' I'orlx lOct S8.60 3S.73 , 38.r,(t 3R.7S 3S 00 'Jun 32 00 32 10 32 00 32 80 tS2 50 Lu rd Nov. . 2T.0 2R 75 27 40 2S.00 29 47 Jan 2153 25 03 24 Z 210024 35 I UlbS 7. 7 7. K T. Z Oct . . 1S.50 ! 50 Jan.. 17 N.l IS 25 17 SJ 17.00 tl7 !). nid tAsked, )BAP DEBTS- Our tnetlinilai nf (ollcrttaii nri linifil on SO jear of tufrMfnl work ilon for nil i llnf of biihlnrps. Retiftonublp chnrcf. WALTON J1ERCANT1LE CO. ( I 1001 Chestnut ML Ofllces 003-4-0 COLLECTED positive strength and was active, at 110 points net advance on leading deliveries. This upturn was accompanied by re newed local nud commission house buj jng, due to continued bad weather in the central and southwest section;, ot the belt, a strong slock market and Im proved labor situation, AVnll street wan n buyer, while spot. .lapones" and Liverpool interests sold. The early ndvauce carried pn'tes 'Jl to .",1 points nbovc last night's closing . uecemDer was again reinttvelj Iirm. selling tip to ,n,ni, or into new high giountl for the movement, whihi the ndvitnce in the Inter months nun checked uround !!".0S for March, com I pared with IH.BS, the high leiel of the 1 week. i There was a good deal of realizing I and southern hedge selling on the tip turn, and later offerings became heavier owing to the forecast for fair and I warmer weather In the western belt i and reports that there was some slack ening of spot demand. Prices cased off in consequence. 1 The receipts at. the ports for the d.i an estimated at .'10.000 bales, against .;'.' il bales a week ago and bales a jear ago. I Will. VI llarnlnta Sllit .-.tie) r.I . . ' lower, flenu, mixed and yorLera 114 n I Hunt yorkra. 914; rigs. 113.50(711. roughs ( I11.B0W12; staus. 911010.10. i , SHKKl' ANli LAMns-Itccclpte toon ' head l.mba, BOe lower. Lambs. 18 15 others unchanged. , itnnnna City. Mo.. Oct 17 ItOO.1- r celpts. 4500 head. Ntronn Hulk. 913 C.OJi 1140. henvie, 913. 73 14.40; niedlumn i913S.ieunoi lights. 9I3.754H4 00, MkIh lights. J13.B0SI 14 25. packing aons Il.'fi , IS. Iilaa. 912M4 25. C'ATTLK Itecelpls, C30O head Wei Iltef steers, choice and prime. 910,15''71S 85 I medtum und good. 912.20710; mininon I '910.131112,15: light, good and chnlir. Il.'.-i.l M7 25. common and medium JH 234rl3 25, 1 huteher cattle helfer. 900 14 25. rmw IH35(!ll2. rnnnern and cutterK. 96ft(l5()i leal cahes 912.2BH 10; feetler stprrs Is (0 9 IS 2.li stocker steers. 7.7.1(ft.oo ' Slll:Kr RecelptA, 450(1 hend Strung , L.tmliH, 912.75'ri;15, culls and common ss l 12. .leaning wethers. 90.2.18 111 25 curs I , 5. 75 (If 7.2.1. culls and common. $arn r, an I breeding eue. 97Tfl4; feeder Itimb tin ,",(i f!2 2,1 10000. 10JOI.. 1000.. 20.100 . , :;000.. 1000.. .",000.. .'WO . . l.-iOOO.. run.. 2000 . . nooo.. .'IH-lll.. 1000.. yuiio.. .'000.'. i!000 . . 'J00O . . .' Oil.. 1000 . . ."WHO. . 5'10().. .'000 . J00O . 07 7.' 07 7 97 7 07 7 07Ji 07 7 07 7 07 7 07'i 07? i 97'. 1)7' i i 07!i 97' i VVi 07' i 97' 97'. 97 7 97', 97" . Oci Dec Jnlt i Mm Mil) Ves close . .14.45(9 BO ..34. 32 (if 07 .34.1SW22 .34.77WSO 33.53 0 85 Open 34 1,11 34.6.1 34.211 33.75 33.55 II 00 31 77 34 3 1 U I SO 3. Is 33 07 33 flu l:ast M. I.011I1. 'III.. Oi.t. 17 MutlS Iteipipis, SOOD head; lower Hulk. 914 50ji 15; iitadluni weight. $ll.0OI,V light. Ml 25 I6 Unlit lights, 913 7Blil-14.5(l. hem-, Packing SOM9, smooth, 3,12.7618.5(1. pa.l; l"g o. ruugh, 910 75if 12.76, Dl. t; 17 1 1. l"TTLE Receipts. SilOO lipacl, stmilv llff strra medium and ha, ciiotiM ,cit,i prime 91001s; medium and good. Sin 751r 111. I'oinmon 9B 781f 10.7.1; I'ght, anod ihh) iltnlce M-tft'jH; common and medium, sslr 11 butcher chttle. heifers. S7fl 10. cm .( 2.1 11.5(1; canners and Gutter. 9l,75i!i 0 25, eiil calves, lliht and Imndv weight. S.I4 ,1(iin; feeder steers, $7ft! 60 atocker steeric 1(..50(fro,50. SI1KKI' Receipts 1500 head s'on N.i eariv hales m Writ Paper clMHHI,... n7 Armour & Co t 'is ..000 M'1 ;;ooo M', 0000 .Si's Atl (Joaii, Line 4s l in hi Atl Coast Line Pjs ,"1 il n 1 . . . . SI Ml Coast l.ltm ell lm On. 70'i ,V T & S !' Ily Is S V J000 . 1000. '.Ohl. A T ,c 2000. Djlt & I00O 1O0O V-'UOJ , 1000 . Dalt & Ohio 'J(IOl) 1000 Ml Mi's .VI ndj Ohio cv 71?. 71?. 7H'i ::i.'. I'.iS Nl'j SO'.- $15,000,000 PIERCE OIL CORPORATION IncorpoVated under the Laws of the Commonwealth of Virginia Eight Per Cent. Cumulative Convertible Preferred Stock (Convertible at par into Class B Common Stork, Par value $25, on or before January Preferred as to Assets and Dividends vf$ 1, 1923) Central Union Tnusr Co. of Nkvv Yokk Nkw York, X. Y. (Registrar)' V All or part of the Preferred Stock is redeemable at any time after three years from the issue thereof on not less than thirty days' notice at $115 per share and accrued dividend. r Guaranty Trust Co. of New York New York, N. Y. (Transfer Agent) CAPITALIZATION (Upon Completion or I'resenl rinanilnjr.) Eight Per Cent. Cumulative Convertible, Preferred Stock Authorized lamed Dividends payable quarterly, cumulative from October 1, 1919: $15,000,000 $15,000,000 Common Stock (Par Value $25) $33,000,000 $21,943,450 Class B Common Stock (Par Value $25) Non-votint; $20,000,000 None As a part of this new financing, all outstanding Ten-year 6'i Convertible Gold Debentures of 1924. and all out standing Five-year Convertible 6 Notes, will be called for payment on January 1, 1920. and December 31, 1919, respectively. Until those dates, respectively, these debentures and notes will be convertible into Common Stock, and in the eyent and to the extent that this conversion privilege is exercised by them, the amount of issued common stock will be increased beyond the amount above stated. From the proceeds of this issue, there has been deposited in escrow an amount suflicient to pay all outstanding Debentures and Five-year Notes, leaving the Corporation with a funded debt of approximately $1,000,000, all of which will have matured by December, 1920. Privilege of Conversion On or before January 1st, 1923, each share of Preferred Stock can be converted into Class B Common Stock at par ($25.00), that is, four shares of Common for one share of Preferred. Class B Common Stock is in all respects identical with the outstanding Common Stock except that the Class B Common Stock has no voting power. We summarize as follows from a letter of Mr. II. C. Pierce, Chairman of the Board and President of the Cor poration, copies of which may be had from the undersigned upon request :- A, Business The Corporation is engaged in all branches of the oil industry, namely, the production, transportation, refining and distribution of petroleum and its products. ' Amortization Within one vear after the first dav of .Tulv. 1922. and within one vear after the first dav of Julv in each vear V 1 1, rti.rtr,4-4-, 4-1, r Prtt.nnHofinn oncll rt,,4- . cit.rtl..., i v,,,4- TC'flfifa nnomea . .ftrts'M nl vrt4- 4. n,.inml 51 1 PI vtac, cMm.rt vcli.t. kllUiCaJVUl, lilt; KJJI (JUICC-CIUCI ailCWl, UUC. Ui QUIUIUS Vi. ilCJlv CJllULO, UVCUl&U Ul CbUCUII, aC ILKJV LU C.M,CC;U .p-L-LL, jJL OUA1C JIUO accrued 'dividends, an amount of Preferred Stock at least equal to 3 of the largest amount in par value of Preferred Stock issued and outstanding. Other Charter Provisions No mortgage; lien or encumbrance of any kind upon any part of the real or personal property of the Corpora tion (except purchase money liens or liens on accounts re:eivable or other liquid assets or stocks, bonds or other se curities, other than stocks of subsidiary corporationsjplcdjed in the regular and current conduct of its business) shall be created unless previously authorized by the consent of tha holders of t;vo-thirds in interest of the Preferred Stock. No dividend shall be declared on the Common Stock or the Class B Common StocU that would if paid reduce the net current assets of the Corporation and its subsidiary corporations (including tank cars, tark steamers, barges and . other vessels, garage and stable equipment, iron barrels and drums and the like) over and above all debts, to a less amount than the par amount of the Preferred Stock then outstanding; nor until (1) the current quarterly dividend on Lhe Preferred Stock as well as all accumulated and defaulted dividends thereon, if any, shall have been paid or set apart, arid (2) all arrears in respect of the amortization of Preferred Stock shall have been made good. Profits Messrs. Touche, Niven & Co. have certified that for the past three years our profits, after allowing for inter est on the debentures and five-year notes that are being redeemed as a result of the preferred stock issue, and after allowing interest on the additional cash capital, areas follows: Bait & Ohio 4h l.'iUOO 7u lliUOO.. 7 j Halt & Ohio Ss 100U I 1000 7IJ, '2 000 70's 11000 70'j 1100O 70 100 J 7'J'j 7,000 7U1 j ."000 7.1'' 1000. ... 7(r Celt & ulilo Cm JI00O... . Utl 1000 '..', 10000 . . I'd US.0 V 1,0 & W 4 s 7ooo ot II i O S W Jii L'OOO 8'.j Beth S Corp 1st 1000 07". .",000 ... OS '00O. . OS Brook I! T tt 7s ;;ooo in Broad &. 7th Ave cv 1000 ,-,s Cen of Georgia S 1000 07'j Cen or (in llw y en 1000 ,SS Cen Leather 61 ' 1000 07'., Lont Pacific Is: 1000 7S C'lic-s i, u ci I ijs 10w0 HI 100J 71 Un: 70'j 1000 70 . ClK. & uluo cv OS 10000 SO' J flOOd SOVj . C000 70'y 1 SOOD . ,S0i I t'omri Tab U 6s 100,1 ss Detroit Gas I'o ui i 1000 rc7'j 1000..,.. KO.li DlRtlllers Sea Si ".000 .SO Dom Can Gs 191' I ViOO . !Hf, Dom of (Jan ui '31 ' iooo .... v:,)t ' Krlo Gen Men 'I'lOO ,-,o L'OOO ,-,() i:n i; n cv a iooo Wt lle n It CV u i 1000 iji; I Urlci It It cv D 1000.. .. -17 13 & Jrr 61 MOO ... Hi Edison i: 11 4s IIIOC 7R I luil 4 Man Jl P. f d 10(00 ;Vj .",000.. . . t.S 11000 f.S "ooo ;s ! iooo ;,s', llud M Jill Co in 11000 iiit, Imp .lap Goh II I'd 1000 S'l'j 10000 !,2h 11000 ,S2 Incll.tici Steel Ci llilii.. (14 1, Imli.inn Steel 7s wo o t Inter Aprr Corp Ss 1LIM Sl.'j lut .Met ct I 'jl 1000 '.'7 II'OOO. . -'7 .'I Kid -J7 iJOOO L'7. 4 lm J tap Tiun fd SUfll 3,'i 1000 .VI' 10 Id r,'i'; '.'0000 .VI SOW) .", ) 7u0ij .VI -coo .vj loiva Cent 4 iooo ;s-; .vjtio iy; 1000 I,',', K.m City & So (W 1000 77 IOOO . ... 78 K t' l't S i: M 4s ."i00 07 I.akc Sliore A. il So 11 11 Is of US iOOIl SS li Plioie Is of 31 .'A Oil... S'i1, t.eh'nh Valley 8 iooo lorj I.es .t 10 in 10(10 . . til Llgpett & iljers ui 1000 o:i Liggett & Myers 7o 1000 Ill l.oi ill.u d Co Gi 1 00(1 .... J .'HUM 01 'b I.ouis A. Xa-di 4s i;;ooo !;. Muiihattaii Kiev Si t NEW YORK BONDS (Continued) , St 1. l'eo & N W 5a I l!tH)0 3 J i St J, & San Fr aj , 2000 01 61 Ij & 3 V lna 1 1000 .(I I .i'joo tni. fiouil 1)7.' IOOO 4.1'j 1000 Oil' i St I, & San V Sec A lnw "7, ' 1000(1 M.V 1000 00'i IIIOOO ,-,8 '-IM, 0,i'' St U & San J' Sea U U000 . . Ofti 1000 Tit IOOO 97' 'j no noii iooo nsjs L'OOO . PS 7 nooo ns? u ic of a a & 1 -37 1000 00'; 1000 !I7.' NEW YORK COFFEE MARKET New orli. Oct. 17. The fort Hint ltrazll fitllrd tit fully rcHiiond to the firmness ilKplnycd here rstrrlny. MPtenber caused Mime enrly rcnll.lii. lti eiill , jj"11 '"111 5-vV renins niotemetil for the time bcfo(',iK ''M icumI. i , 3t Tf.t rlour lil.nl 1(1.01 . 1H.UI Tiidoy'ii open IH.K7 'IB. 87 13.8T Liverpool Cotton llif , r 'S-if 11 ,i St I, A ,1i)00 1000, 1000 afioo Southw Gs .... V l!. or. 01', Scab Air Line 11J 1UIII1U is 2 11 11 171 1 So I'acin; fd 1000 M) tOOO.. . 1000 SI So Pao cv ', IIOO11 K! 11000...... Ml', 30(10 SI 10000 .St), liO(XI .SI.', 20000 Sl'4 10000 SI1, So Pacific! cv 5s 10(H) 1(17 i iVOOO 10S cJOOll 10S 1 nl.0 107:, United It II Un Ct 10010 :io ' .VHKI '.!)',, iooo so U S lie ally IOOO 77' U K Jtubber Gi 7i)00. lOfMM). .1000 I'OOi, o 100 . 000. ::ooo. '.'000 . Si'. Ss', (,s, f,S hS', .S.SU prlres III 10 -I poinls belii the pre- sjim. viouh clohe. The nmrkei was slemlier fhortU niir hip c-iiii. wiin 11 rniiy i a unit , i,.n finl - u , .. 1 .r- r. i.nlms ri..,i,o iii,; .,. ir.i-.. ierpnol. Oct. 1,. Snot eotlon ytadh n,wl tft,,1, I l,.l.. n I-, cm ' 'active todllt with nrii.pu ti.nflt, An L.71- The Inrri'iishiK PtniiRtli nuil rrtlvJti .hai-is nf an mlvunce ot (I points fefW lerenliv nIhiuii ill tile Incn niiirkcl snr. mlildllnw ,,, "" tr.i in.. ,.. ,..i Bests a broadenlni: of IntereM. with' 11 1 1. -.,,, ii "i-,,. ' ,'.. '"'. Ari!J ......... .1,1 m tqiin nnc tvriir '.idles. Ineludlim rilOO hnles Ameriratif, 1'iitiireK were Htradv in the early tlcsl- '"?.'. S,,i". I""!""" were: American, iiiltlillltiK fair. LM.221I: good nilddlinC SS.-lTd : full- inlildliiip. '.W.l. ?.r dlinx. L'LMTtl: low niiildllne. 20.a2dt U f'T.I . -.il ' ucuiuary,! renewal of outnlile upeeiilnllvr demmiil While .some of M-stenlay h biijera tool. iirofitH thin ninrniiitr. due to the rabies beint; poorer than e.perled. (he iinilir lime wits steady, the falling off in lira r.illnn recelpls. together with expeetn -lions of an eiirl improvement In ile innnil from ilomestic and Ktironcau ton Mimeis, trncliiif to elierl. nn, agircssH,- cmiil 17..'I7(1 irdintir.t . 18..'!7tl 1000. 1000... 10000... .",000 . . . 1000... .000. . . oOOOO . . . UlIIH.0... 7.VJ00. . . L'UUUU . 01)00. 107 . .10X1, , .lOH'j . .KJS . .Ids', 10.S , . .100 ..Id')' ,.i.y l:,'.i 100 Southern Rail 0.V OJ' (,.",' 0,"i or, .SS'i ss 7iilJI).. 10000.. IOOO.. :iooo . . iVJUO.. southern 2000. . .JcjOU.. Texas Co Cv 3000 IO.-j'i 17000 10.) Tn rd Asa urtj 0000 :i:; 0000 :i'l Third Aseiius Is L"'im. ' i-.' UKofOUSl'JI 100 ,.... '. v, oioo ys'j 2C0o ns', IoOCO ny, ,")000 US'. 1000 us . 7,000 Oh' 10000 OS'. 1 2000 (S, a S Itubbcx ,s IIKI".. lOt'i U S Steel Ss 1000 ion IOOO 1)0 , 1000 100 Union raciOo fd ., ill.) . Ml , Union Pacific cj lO.Kil) o7 lO'Ki .SO , 11000. . .SO1, 10000. .. SO'i Union Pacific 4 1000... r, 1000.. . v, Union Pacifla 8 0000 10.",. ."(K)0 Hl". 10000.. .I0' Va-Car Ch Co 1st IOOO... . IU 1000 . . (in WubsU lit 0000. !' Wft Ulcctr c la 1'iMi... H71! 11)00- - 'J7"4 West Md I hi :,s Western Pacific 1st 10000.. . S'J . West Shore P. II 4 s 1UKI. 7... Wilson Co 1st Idini 'I'l filWO 00., Wll'on Co cv The Financial Hub of the Hardware Wheel , . I PENN I iiuifui sioois I ... - ., SrxVv T l'pJ5r""" l i , , 'j iw3Cx3HkL Gaum" -M r' ' U "ALWAYS COMMERCIAL" -o'ju t.7'. F Bf1" H. I Sj E .&:::::: 5?:. PEflS ,'uoo 07 1 H Boil v v iorS:::::: Wi national bank wHn:i::J' RESOURCES $18,000,000 j m rvm liOIK) . . 0000 . . .vioo.. iouo.. 7cl0(l.. .',000 . r.uoo. . 1000.. IOOO. nooo. 07' 07,4 07', in 'i 07! 1 07'; 07 '4 07? ttr1! 07' 1 10000 'J7J4 Mm.. .. tooo.. .. I coo sooo . 1000 100 1 10110 'in & Alton 1:000 .S3', S3', V''i S.". S3 ,S3'i fj's Is I7'j Chi & Alton I5H3'.. iao .... jt Ch cago ct Alton Gs Oil's it P.Vj S3'; 03" i 03' j !I3, AFTER the deduction of Fed rral Income and Profits Taxes . BEFORE the deduction of Fed eral Income and Profits Taxes 1916 $2,536,385.36 $2,482,151.26 1917 2,642,441.93 2,446,732.90 1918 4,502,210.81 3,773,726.21 Inasmuch as we had a relatively limited crude oil production of our own during those years, it is reasonable to assume that the development of our Ranger and other properties will add materially to the profits of future years., t The legality of this issue has been approved by Messrs. Sullivan & Cromwell, of New York, and Messrs. Guggen heimcr, Untermyer & Marshall, of New York, representing the Bankers, and Messrs. McAdoo, Cotton & Franklin, of New York, representing the Corporation. . , These shares will be listed on the New York Stock Exchange in due course. About $10,000,000 of the above 8 Cumulative Convertible Preferred Stock having been used for the conversion of part of theiDebenturcB or disposed of by private sale, the undersigned offer the remaining amount subject to prior sale and change in price, AT $105 PER SHARE AND ACCRUED DIVIDEND ' YIELDING OVER 7.60 deliverable on or before October 24, 1919, on three days' notice in the form of interim certificates exchangeable for definitive Btock certificates when prepared, and payable in New York funds at the office of Messrs. Goldman, Sachs & Co,, 60 Wall Street, in the City of New York. The right is rescrved.to reject any and all applications and v also, )h any case, to award a Bmaller amount than applied for. LEHMAN BROTHERS " GOLDMAN, SACHS' & CO. .. New York City , New York City Chicago' ' '' Boston San Francisco The above information while not guaranteed has; been obtained from source which wa beliere to be reliable. 10W). Chi IJ t 1000... iooo..., L'OOO... 0000 3000 . . . Chi BldlUi .",J0ll SI 1000 03' i (.'ill B A. u sin 1000 s-.' 1000 .S.' Chile Copper 6s 3000 00 1000 . Ss' :;ooo, .vi, .'1000 S ' -'00 ) Si'i CliHc ('oper 7- 1000 . .110 1000. . 113 j Chi & U Weii Is :;k! ,'v, 10000.. 37 C M S. hi I' 1000.. 30 00 . . 10000 L'OOO L'OOO ' 1000 1IKHI U M ct St I fd (s 100U lid :;ooo oo C M & St P iHcf Ji 3000 SI C M & Hi P M t':s 1000 lij'i 1000 03' i CM M i St I cv 6s 1000 . 70'1 1000 70 C II .1 MP I'ac div Ch us I': 70 7l.J, 70' 70' j .0' .'IJOU . Cli) Itocl 1000... 3000 . 1010 iooo.. . IOOO J 100 C 4. W 1 I 1000 . & W I 000 . 0 . Is I'ac I'd .. I,'i'. . CO.'c li'J . I.'l.'j . 09.' c till'. II U3 () p. r: is 0. City of Bordeaux 8s 1000.. . . O'.l'i C of N V i of 60 1000 07'j C of N V is of 60 10000 .. "I"1 U of N V t'5 of Nov '57 L'OOO 10 CKy o( I'ai l.i 6b 6000 07i 1000 07. City vt Tokjo B 1000 70' Clcxe Short L i'j3 C000 .... SO1, Con Has Co cv 10000 OOJJ 8100 no.'i J000 0!"i L'0000 0ST joooo .... no;i 10000 .. 9S.ij Colo & S ny ' 5000.. Ml Col ft South 4Us locoo soj; iooo,.,..; mjh SOOO . w SOli!. 30(11 '. . 07U 1000 U7'i L'OOO . 07,'s , illcJiala S A O it 1000 S7?, 1000 S7'.- 1 001 1 .S7 Morris & Co 1 '.is I it s sooo. . j,;-. Mo IC ,fc T t (iooo or, iooo . . (,", nooo o.", , :iooo 03 DJOO (II1-. Mi, Pacific cn - iooo ra' 1000 38 Mo Pao flu 5s of (3 1 0 .... S'l'j 101 0 . . . 38Jj New Or T i ills 11)10.. 48 New Or T & II Ss 5)0(1 55T,' , 10000. ... 5H 10000. .. 56 n v c nnrin 3'.s I SOOO 7L! 1000...... 7L' I n v c u n n it 414 6000 so.1 XVCHnitRH 5000 Of, , 1000 OG 1000 (IS'J L'OOO D.Vi 1000....".. lift 1000 00 J000. ... 051 1000 . . 05.",' L;uo or, N V Telephone i",) 1000 8.S', . L'OOO. .. . ss: V V Telephone i IOOO 09'; L'OOO no;, L'OOO 99.' 1 K00. .. 90.'i N'orthern Pacllic us 1000 38 1000. ... 58 Northern l'acitio i ' 100C0 70h L'OOOO ... 70' j LOOO SO Nor . Western ts ' L'OOO 7') ' SOOO SO I 5000 SI I N V W & B 4, 100(1 90 Ohio T.hcr 1st 1000 .1(1 Oregon Short I. 4s L'OOO 8( ' ; Pao (Jag & Vi o L'OOO 90 1000 90 Penna sen 4 'is lii" 83'. IOOO.. . ,S5'4- 9000 S-,.i, 1OO0O .. ,S5'4 10011.. Hfli, Pcnua It It 5j 1000 ::, 1000. . ).1, IOOO 9IIJ, i'OOi) J1 7000 O.-it, j I'lerca Oil 61 of Jl .VKM) 105 I 10000 105 1000 .. ..105 ' oOOO 102 I Pub Serv C N J (, 1000 f5 , Pere Marnuctte Is IOOO: OS',' Pcre Marquette. o 2000 hr.'i Reading 4i 1000.. :.., at 3J00 Rjtj L'OOO S.J, Hep of Cubn 4 "is L'OOO...... 7ru4' Hep ot Cuba, of '04 1000 00',' iooo : oo.1'; Hlo a & West clt la 1000 80'.j, It I Arlt & t, 4 1000 en , Uock la A A I, 4 Ha 1000... 72W ''Foreign Trade Through Foreign Investments" The Foreign Exchange Situation of Today is of such importance that it is receiving the careful consideration of bankers, business men and government executives. w quote as follows from letters received from Hon. William C RorlhMrl Secretary of Commerce, and Senator Walter E. Edge of New Jersey, who have expressed their interest in the efforts we are making to awaken interest among American investors in the foreign internal loans and foreign exchange: UNITED STATFS SENATE ' (IIIIBlllIf, All I ciimI and In.nlnr Survr.. f-'.plfmbrr ;!. ! n t.c-h Co . Inc . New York City I Pf.tr Sirs: ' am cerv much nlnc IncW 1 c nme th.it nur fl-rn 1 endesiorlne In 'Ii'm av in jpl,ln tli fmcltn 'X.lmree slluation and what Is nrc a to rell-M. It. 1 ,ie bfrn 'r- much ln(5rn;ci in tlis mbjpct sticl (he snlullon propnM In Hit hill 'hiih I Introduced, and nhleh lis. few lai-i-d th 5-nat proldlnir fo lhe a-Knlzat(nn of rorporatlons fT"l r-d ,n purrha.e fnrelcn curl tls rd thu to rcllnf th Tcl.anr litiatlon. Ttis mo-f ml.slonarv ccork done throucliout ths countr,io familisri? lnvetors nl(h (li; lru s'lnn thf a,ler It Till be to adjut It Tour3 terj irulr Slrnfdi WAI.TKR K KUcJll DEPA1TMENT HIT' OF COMMHRCE ,.f ihp ecretRrr, t itlilncton. eptmher C5. I'M l.sc i io . !nc ft Tori, fit) I" Toil hltc i ",! ror!r..(! t,- . ,K. .'rno r? the s'Ti't'cn nr. a' li: thrre fl,j, ibat ,lht" , h na' namrl hv r..S. hr fo,w or h tr.r Trocllm are a df--d '.rrn of irsli hut no K'j'fip'aii coum (re is In a position direr to .hip SoM or (o cKa h rr.clit Thrv frta!nl r.re not In n position at pr.. 'o .li'p uoods on any Inrjcs scalr nor are no In a position ichors n.y can render us :idquste service. V mut help (ho.-ce olhe nations who ..rc our dehto-s hy ntdlnjr then to hlp thern.c-h. This m",n, we mue evien,! irem the credits to get n thtli fee' You erc trul r ;rr 1 II.I.IAM C. KKUI'IKI.D heorf.jrj of Commeus A comparison of the prices of bonds of England and France at t!i- present time with those prevailing during reconstruction period; following othc. great wars indicates that both these countries arc ac ctrong;. if not stronger than they have ever been following a great conflict. Due entirely to exchange rates. Americans buying wish dollars anv one of the following internal loans will receive a substantial income, and should exchange return to normal, a very satisfactory profit on the piincipal ranging from 15 to I00r( can be obtained, and furthermore, the income r'll increase ptoportioaatelv wi'h the improvement in the exchange rate as fhown in the following labir: GRIl'iSH NATIONAL WAR LOAN 5s OF 1922 Income per 1CP5, equal at present to about .$21, increases to fP24.30. IiKiTISH VICTORY 4a Income per 1004, equal at present to about $16.S0, increases to $19.44. I'Ki.rSOli V1C1UKY Gs Income per 1,000 francr. 50 oqu.il al p.-escnl to shout' .$5.90, increases to 9.50. FKKN'CI! ;c.o RENTKS Or 1H17 Income per 1,000 fran';0 fremcj, cx,ual t present to about $4'.50, i.-.crcacca lo $7.70. to r6 'S'i A fran cs, Wc liavc prspuivti lilcidlu;e recording th be gicd to quolc ci:nc K'reisrt lixchr.rigc siiup.lion a::d will V, 3, .,,...... ..r :.., i i . r ,;,..... U1 imt-Miai lUftili Of UVV ilUlOUifin t;nv..vni....., Send for or.r booklet "Bonds of Forcipn Nations," A. B. Leach & Co,, Inc. nv!menl Securifies 115 So. Fourth St., Philadelphia Farmers Bank Bids:., Pittsburgh New York Minneapolis Clifca'Ko Baltimore Huston Scran ton San Antonio It n 4. I 2000 02 I 7000 02 li et uiMisim lijlj IV b f s f. V( X.. .V.fc.TVfcJ .y-i '-, tg A 'ill '? , .-J 1
Significant historical Pennsylvania newspapers