wmmffimffi
i -t-wyi"''""-w-,-w'Mim''
Pff"ffir'rwlp-r""r " Mii a ; t.,v.i.
H,niirrirTTiJgiJaBfit '- jfrVtfZ
EVENING PUBLIC LEDGEK PHILADELPHIA, FIUDAY, NOVEMBER 28, 1919
25
w't
NEW ISSUE
$50,000
5
TAX EXEMPT
TOWlNSHIP OF PENN
Westmoreland County,
Pennsylvania
ROAD IMPROVEMENT BONDS
Maturing Serially 1924-1939
Assessed Valuation $4,971,180
Total Debt (this issue only) . . 50,000
Population estimated 14,000
Price and particular upon application
MULLIN, BRIGGS & CO.
Stock UtehaiiR HuUdlnff
riillnriplpMu
BREAK IN OCTOBER
FEATURE IN COTTON
Entire Opening Level 30 to 110
Points Under Wednesday's
Close Rally on Covering
3l.
Jllllllillllllllllllll!lllllirilllllllllllllllllllllllUIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIII:
I 12,000 Miles Away
The Dutch East Indies with their
185 sugar factories need Phila
delphia machinery and equip
ment. Their foreign trade in 1918
amounted to $441,300,000 (equal
to that of Brazil).
But the United States only en
joyed 10 of their total imports
and 29 of their total exports.
They buy our automobiles, cot
ton goods, dyes, iron pipes, steel
tubes, coffee, rice, sugar and min
ing machinery, paper, rails, loco
motives, rolling stock and rail
way materials, tools, typewriters
and electric goods.
We buy rubber, copra and cocoa
hut oil from them, also mangan
ese and tin.
Their trade with the United
States has grown in the last five
years as follows:
Imports from U. S.
1914$ 2,480,000
1917 18,960,000
1918 24,200,000
Exports to U. S.
$ 4,360,000
56,720,000
80,000,000
forro.v m:tr wnxTHKn conditions)
Xm York, Nov. SH The following
temperature were recorded tn the cotton
belt thle mornlnc- Oklahoma City, "J:
Wan ntonlc 32. I.lttle r.nck. 40. Kort
Smlln 45. MemphK 44. Cclrpun Chrlall
and Nashville, 4(1. Wilmlncton. 4R.
Hhreveport. Macon. Kuoxvltle nnd At
lanta n. Vlrkaburir. Meridian and Mont
irninrry, K. rhar'caton and Ancusta r.
Savannah. BO; .Jarkaniivlltti, 02; Tampa
and IVimacnln. R4. New Orleans nil The
following Dreilpltatlou vna recorded- Mer-y1""-
'- .Meiiinhla nnd Nan Anionic. OS.
New Orleans, in. ,mic flock. 12: Okla
homa. nt, in iialvestoti. .si, Hhrcvc
nort at. and Vlckahurg, .SB
New Vorlt. Nov. L'S.A lironk of 110
mints in Oottwor i-onlrnrtn vn 11m
fnitiiro (if tlip cotton oprniug today nnd
seemed to reflect southern us vvrll ns
level was .11 in nn i. ,. '' ,
uttday'. close. "'"""' " "'
Jth"n 7,UiettI?l foreiKi. linancinl sit -Ml?'.
C0,il r,,rikc 'IfU'll'-ck and tl.e
.Mexican ueuH nil served to iiuderniinc
sentiment urn (.. rt. .i ". ' ,.
. , ,, "n-v mi- cAi't'imnniiiiv
int".1"'".
!Vn i u,d"' "f1 WiTinB nnd a little
'' ". "'K
NEW YORK BOND SALES
Summary of the Individual transactions on the New York Kvrliange
December
.lanunry . ,
.March ,
Mav
Julv
Cctobet
Wed Tod .11" s
close oteri
. ,i, .li(
. Mil IS
a ir.
. . 32.3a.
.11.20
:c
2", s
.1.1. 7,1
.11. -H
;in
1 1 .0(1
n. in.
.in.tio
a.i fir,
.vr.i.i
1 :io I
p m. I
.1.-. IIM
.1.1 mi .
:i2 02 '
28.70 27 70
BAR SILVER
Cimimereiiil bar silver was quoted In
iV! -". '-" n" "Uiiee, coinpored
Willi i -id jesterday and 7,-- on Wed-
Adams Express 4s
sooo .... ftn4
Alls Onld M Co clt
sooit .... 71
Am Afjr & C Co Bs
rtooo .... OR
Am T & T cv 41 is
8000 HS
Am Tel & Tel clt
4000 R0i
Am Tel & Tel 5s
aooo 1
-,ooo ... M'.vj
2000 l
1000 Mid
3000 .... R1
100(1 .... i
t.nim .... M"!i
Am Tel & Tel '" Gh
2(100 . mi'fc
aooo . no'.fc
7000 oo'. 4
ttnoo . . . no
,10110 . !HVt
3000 . 00
2000 09
Am Writ I'aiier 7s
3000 . H.1V4
AnRlo-French Bs
OO'H,
IHIMj
t (VS.
OBVi
(Hu
00
on i
Of) 7
on V4
on if.
14
Ofl
onm
oH
mi .
niiu.
00
UII'S.
001m
7000 77
Chile Copper 7a
1000 . .UK 4
11000 10414
City of Bordeaux 6s
8000 in
1000 .... 0214
SOOO . . 92
City of Lyons Os
10000 . . . 112
City of Mur 6a
. .. 02i,
... 021
. 1
Y IV4H
1000 .
1000 .
10000 .
r. of N
of
November B7
.101
.101
114b of
lot
1'lNANflAI,
DWIdfnd.
EAST COAST FISHERIES CO.
7 Wall Mrl. New York
i)ivmiiNi10NV)".blr 18' 10,-
riij I oard of Dlrntora of thin ConiDjnv
has declared a quarterlv dIMdend of T J
cent on the (.'ommon MtocL. iih rin
b?rr27,aioin "tD1:kh0"1"s oi,reKr3b!5,d',5:
11000
nnoo
300(1
0000
2000
7000
13000
1000
2000
1000
100000
2."000
01)011
1 0000
2000
2(100
.11X111
18000
1000
2000
Armour & Co 4 Vis
1000 .... R'Mi
Atl Coast Line 4a
1000
A T & S V
r.ooo . . .
1000 ...
2001) . . .
nooo . .
A ten Trans a I.
2000 .... 7.1n(i
.1000 .... 7SV
A T & S K cv Ih'fiO
lono ... R014
Atcli T . S V cv 4s
alj
. 7014
. 7014
. OH 14
. OH
Is
MAKK w. NORMAN. Trcaaur
EAST COAST FISHERIES CO.
7 Walt Strwt. Niny yor,
Noicmber IS, loll).
DIVIDUND NO. 8
huZhH.J .1f 1,lr,e,tr.i of thin Company
jE r -' , r " Tr.rK?r5ud,5LSf
'"AIIK W. NORMAN. Tftwau,.,.
Sixteen hundred per cent in
crease. Test us for specific as well as for
general information about for
eign trade.
Corn Exchange National Bank
Philadelphia
E Chestnut at Second
lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllr.
TEXCALOKAN
OIL GAB CO.
Blvldfjada at the rute of 1 (one) nr runt
per monlli (riVKlVK per rent bail")
Ulvldenda fi poyuble llerember 30lh lo Mo",
holders of record, Ilecemher lBOi. Bubaet
ouent monthly dltldenda of t (one) percent
are najBble the 30th of each month ?o
tacMioldera of rord the lSlli of that
...,'..uix.lf?, 2ik.dltl.?,'n? ' ??'". ir
to blorkboldera of record Jnnnnry Iff. 10"0
.,..,... ,F-- HAWYEB. Ta..
IIUILICIIUCIJIC. JtilMBt
1000
A T .i
SHOD
1000
nooo
r.ooo
7000
2000
1000
80
I-' 4 s
... 771
7714
77
77'
77
70'i.
7014
17000 ...
1000 . .
C of N V
.May Ti7
3000 . . .
Cof N T 4Visof BO
nooo . ioi
C of N Y llfcHOf 63
1000 ... 101
C of N Y 4M,Bor Gn
0000 . . IOI
C of N Y 114 s of
fi7
1000 . ..101
Cm- of Paris ns
limo . . fllli'
2000 ... lillfc
c i' i: Co ss of :n
2000 . .I00'4
Del & Hud Canal Cv
looo ... no
Den & Uto linind 4s
13000 . . . 0214
(1000 02
Det Unt Ityst 4 Its
K000 , . OR
2000 . . OR
Dom of Canada '"1
.1000 . . OR
3000 ... 08
1000 .. 08
Doll! of CullHllll 'lit
7000 .... Ot
Krl.- Illl 43
nooo .in;
Urle General Lien
looo . . . 1314
l nooo . 1314
10(100 134
1000 13
200(1 4 3
Crlo R It cv B
2000 ... 3H
Krln n U cv D
10000 ... 38
13000 .. 10
1000 . . II
General Ulectrle (is
2000 . . 03T4
Hinnliy C Mlnin .?.
S" & V Co 6s sta
looo ... 00
Hocking Vul 4Hs
1000 .... 00 V4
1000 . . . OUl'i
Hint & Ma fd
Liggett & Slyera 7e
7000 no
Ixirlllard Co Bs
looo ... 87
l. & N n n Ac s iiy
Mono Is
1000 .... nt
Loula &. Kasli 4s
1000 HI 14
1000 . .!'!,
Manhattan ItR ts
4000 Aft
Man I! llwy Sta 4s
AOOO . . S5T
Mid Steel Corp Bs
7000
1000
looo . .
' oooo . .
I Mill S: St
10(10 .
1000 .
1000
1000
8,1
8,1
. 8.1
R14
mollis 4S
. SO 14
. 38
. 3R
. 38
South Pao cv 4s
1000 .... 80
3000 . .78
South I'nelllo cv 414
3000 . . . ,1.
Southern l'ao cv Bs
20000 1001.4
4000 ....100 Id
7000 .. .10014
nooo . . 100
10000 ... 100
10000 . .100
1001) too
0000 . . . oou
10000 100
."000 . 100
1(1000 too
,000 . .100
11000 100
10000 ...1110
2000 . IIOIJ
NEW YORK BONDS (Continued)
1000 8U
West Shore 11 1. 4s 1
8000 ... 71
1000 . 08
20110 . . ON
7000 .... 08
Vir Car Chein Co 11
loot) .... II Hi
Vlr Hallway Ss
looo .... 83Ti.
2000 ... 8314
Westoin i;icotrlo Bs
2000 .... 07
West Maijl.ind 4a
looo .... 637.
West 1'aclllc Hit 1st
4000 .... 8114
TOIUV.S KAMIi: IN I. Illl. III"!
8000 .. 71
West U Tel 4 Ha
2000 . . . 83
Wilson Co cv
looo . . . o.v;,
2000 . ws 14
Wilson Co firsts
1000
looo
oooo
08 V.
08
!)8
lll)M)S
I II
lllKh I,,
,1.11) Hood :iV.....100.(H IIMl.tlO ItHl.flll
ripiiluerii Jlwvs 41
Mb Horn! 1st Ah.. 111.00 fU Oil
ll.ili Ilnml LM-ls, .. III. M 1 in
I.ill Itllllll l'8.... 1)1. 'JO 111 'JO
Uli Itiinil 1M 4s... 111.7(1 01 -10
Lib Ilnml .'Id -lU. "1.0 m.
I.lli Hmnl -llli 4',s 111.7(1 III :W
Vii'tnrj Notes .'l HO 10 IKI.IU
Victor Notes 1(h 111) OS U'.I.O'J
IM 00
III 10
114 JO
III. 1 1
n:i.70
111.4
on ii;
ill). 04
Mom Power Co Bs
looo . . . 871,
1000 .... 87 V,
1000 . . 87
1000 .... 87
M K A.T Ity 2inl oi
2000 . . . 281',
Mo Kan & T of '.'1
1000 . . . 1)7
Mo r.iclllc bid 1s
looo
1, .,.
10000 .
IIIOII .
8000
Soulll II
7000 .
h
1000 .
0114
(H
0114
01
01
8,4
BANK CLEARINGS
Bunk liirlnCM (o.lm iKinpnrM with , ot
roppondlnit rln lust ( M'Hri.
111111 tiii1. ini7
riillB ' ( 7ll.' .-.no J7'l "117 OT. $1.7 IM H.'i
ltn,t. 1-1 mi 31I11 110 ("'-. ,-, ,. ins J.1S
N M, I i 'i 717 tll'l 77.-1 114 'i.' I ml" IIH I ".7
11,1111111, ,1 17SII4D I". I1111 hl.-i t till 1,. '
&9
1000
1000
SOOO
0000
3000
1000
.'ono
10110
0000
1000
.1000
looo
SOOO
no
.10
.10
,10
.1.114
.1.1 li
.1.1 14
.1514
.1.1
BSlfc
.1.1
h JS
1000 . .10
St i. I M At S lll
. (lulf Dlv 4s
lono . 8'
.1000 . 0114
St 1. K. I M So Hy 4s
2000 7.1
11000 . 71
SI 1. & I M S It 6k
THE TURN
N Y C&H H R3V4
KI00 . . (17 'V,
3000 . . 07,
4000 . 0714
NYOl 11 it n 4 14
1000
1000
nooo
looo
NVC &
toon . .
4000 .
2000
1000
10000
1000
2000 .
N" Y Chi
lono .
N V Cent
8000 .
nooo ..
7.1'f.
. . . 1.1'i,
7,1',
. 71V
II It Tin 6s
. ... 02i)i
0214
. 02
. tl2!'i
.. 1)214
. . . 02S,
. . 02
.'t I. IS
70
.S 34a
00
GO
I.
Bait & Ohio cv
(1000
20000
1000
1000
2000
,1000
1000
1000
4000
Bnlt &
1000
01
. . Bt
0'
. 00 V4
. 01
. til
ni1
. . . ooy,
. . . 01
Ohio 3 Vis
81 VI
Bait oi Ohio 4s
Man
1111. 1. .11 ii.mh.i; ll.l.l '1IIN,T1N! (.AS
.t ..Philadelphia November 24. nun
Tho Ulrertnra nn0 !hl iU- declared
fMiw?nn"!"1 ',J'I''",J? "' Oirco (3) per eit
($3.00 share) on tho Preferred Htoclt. pav.
ullo Oecemtei- Kith 1010, to stockholders
of record at tho ilose of bUKlnem 12 o'clock
noon Haturd.o, December ti. 1010. Checks
will bo mailed
IV. A Mcmvn.V. Treasurer.
rroposala
PltOPOSAl. KJH HAI.U Of UUILUINQH
tho bulldlnss. Oxturea. etc.. for tho Lr.
r?nceVMleTJon,!Ml'Jccnt ltal. Lawrence-
...d, ... m . .in ua rwnru not iatr than
II a. m., December 2. 1010. by tbo Utnin.
OITlccr. Camp Dlx. N. J.
iioo on application.
Kuriber Informa-
Annual Meetlnca
IKS?31 AIJ.IANCK 1N.SLKA.NCI; .CO.MPA.NV
lSf Third and Walnut Streets
Philadelphia
Tho Annual Meclltnr of th4 alockholders
will bo held at tho Homo Offlco of the Com
pany. on Tundaj . January 20, 1020, ut 12
m.. for the election of Directors and the
transaction of such other buslneas ns may
como beforo the meeting
john Km:.Mi:n,
SeLretury,
iiss" insukam'k company or .noiiiu
lfc AMi:itlt'A
Third and Walnut Ms., Philadelphia
Tito Annual Meetlup of the atockholdera
will b held at the Homo Odli o or tho Com
pany on luenday, January 13, 1020, at IS
SI., for tho election or Directors and the
tiansactlou of such other business as may
come beforo lit mcetlns
JOHN KRU.Ml:it. .Secretary
Guaranty Trust Company
of New York
NEW YORK LOUDON LIVERPOOL PARIS HAVRE BRUSSELS
Condensed Statement, November 12, 1919
RESOURCES
Cash en Hand and in Banks $ 121,526,810.62
Exchange for Clearing House 51,295,260.84
Loans and Bills Purchased 513,333,855.99
U. S. Government Bonds and Certificates 56,765,771.78
Public Securities 31,326,713.34
Other Securities 49,867,297.56'
Bonds and Mortgages 2,261,050.00
Foreign Exchange 75,581,520.84
Credit Granted on Domestic and Foreign
Acceptances ; 52,322,979.97
RealEstate 6,000,000.00
Accrued Interest and Accounts' Receivable 6,221,758.10
$966,503.019.04
LIABILITIES
Capital $25,000,000.00
Surplus Fund retnnred by Law! , . 5,000,000.00
Additional Surplus
not required by law 20,000.000.00 $50,000,000.00
Undivided Profits 4,964,962.92
Accrued Dividend 585,000.00
Notes and Bills Rediscounted with Federal
Reserve Bank 19,204,500.00
Notes Secured by Liberty Bonds Rediscounted
with Federal Reserve Bank 54,948,975.50
Due Federal Reserve Bank Against U. S.
" Government Obligations 36,500,000.00
Outstanding Treasurer's Checks 20,320,405.96
Foreign Accounts other than Deposits 15,822,481.22
Domestic and Foreign Acceptances 52,322,979.97
Accrued Interest Payable and Reserve for
' Taxes and Expenses 6,643,664.20
Deposits 705,190,049.27
$966,503.019.04
OR 14
10'
. . . OXii
, . . . 05H
0.11f,
Ohio Gb
.10
. . fiHTa
. . . 58',
. . .18
SHU
Ohio 05
Ol'h
K : "W Is
.. r.7
. . .10
W
.1000
soon
toooo
12000
10000
Bnlt &
1000
101)0
1000
: (i ti ti
1000
Bait &
looo .
B&o V 1
1000 .
0000
Both Sice! Corp
4000 81"i
B Hap Trans ct "s
nooo . . to
loooo to
2000 . . 10
2.1000 3014
B II TrniiH ct fta 7s
loooo .... nt
1(1000 . . .01
.looo . . . :ik
2000 .... 31
Brook Hiui Trull 7a
SOOO
.1000 . . .
1000 . .
tooo . .
1.1000 .
30000 .
.".000 .
1001)
BrU Union
10000 .
Central
21100
.100(1
1000
1000
1.1000
0000
10
III
40U
I OH
10
HI
10
10
i:ic 1st
lit 14
1'aclllu 1st
1414
7 1 14
7114
. 7 1 '4
.. '.Wt
. 74 14
100O
2O0O
1000
1000
1000
1000
.1000
Hud &
nooo . .
inooo . .
looo .
nooo .
nooo
nooo .
oooo . .
Ill Central
tooo ...
Ill Central
looo ...
1000
Imp Jap Gvt ts
1000
Imp Jaii
20000 .
Imp Jap
2000 .
looo .
.1310
.11
.1314
.1314
1314
no y,
.1314
In
12
lift
12
12
llli
fll
70
o 1 14
0fi,
K3
Central Pacific 314"
looo . . m ',4
.1000 . H21a
CIiqb . Ohio cv 1!is
2000 . ..75
nooo .... 7S
Clics & Ohio cv Os
r.ooo . . r2"h
Clics . Ohio Da
oooo . . . 03"i
Chi & Alton :is
looo . .. 1714
Chi H & Q em
looo .... 78
looo .... 7K
Chi B & Qulncy
4s
loooo ....
oooo ....
2000 ....
3000 . . .
.10000 ....
nooo
1000 . .
Chi M & St 1
4 14
0114
0114
0414
01
04
011
1 la
lit I'll
. 80
Uot Is
. (1014
. 00
Iniliiuia Stwl Co 3a
1000 03T(,
looo .... 0314
Int 5Icr Marine Os
2000 .. 01
Int Mot ct 414s
1000 . ..
loooo .. .
2000
20000 . ,
.1000
.11100
nooo
Int Met Co
2000
4 4000 .
1000(1 . .
SOOO . . .
10000 .
mnnn . .,
21101)
2000 .
10000
loooo
.1000
201111
111(10
lllllll
oooo .
20000
nooo . .
48000 .
3000
oooo
N V r & M C 3'S8
2000 . . 02Vi
N Vorlc Itwy 4s
nooo . . 3014
nooo . . 3i
N V Itwys os
1000 014
N Y Ilwys ct 5s
1000 . . Oil
1000 . . . OVj
Nor & Southern 5s
400(1 . . . 81
N Y Tel Co 414s
1000 .... 82
N" Y Telephones 6s
nooo .... 07
1000 . . 07
N Y W O r B 414b
2000 . . 42
1000 ... 40
13000 . 10
Nor & West cv 6s
3000 .. .104
Northern Pacific 3s
tooo . nn
2000 . .1414
Northern Pacific id
1000
5.1 I. &
2000
4000
11000
1000
.1000
nooo
INOOO
St I. &
.1000
noon
11000
100(1(1
1000
10000
St I. X
10000
10000
OOIIII
3000
1000
1 11000
S't I, &
nooo
.10(10
.11)00
9000
looo
3001)
San
San
San
81)
V 111
12
tl,
111).
41
11
II
tl
K nl
.1814
.18 1
.1814
37 Iv
.18
.18
y
.1.1 i',
5.1
ins
.1.1 ,
mi,
70
OF THE TIDE
THE TIME TO BUY DONDS IS WHEN
THE PRICE IS LOW AND THE YIELD
IS HIGH. THAT TIME IS NOW.
STUDY THE EVIDENCE. SEND FOR
YOUR COPY OF "THE TURN OF THE
TIDE."
BAKER, AYLIHQ & YOUNG
LAND TITLf; BUILDING
DOSTON PHILADELPHIA
imrauinm'inEi'iin nm
BATTLES.aCO
Investment Securities
Established 1890
iHJ'iiWl
M
HI
19
St
Independence Square, East 5a
B
.UIBUIIEl
McitB'iisaHaiBSiiE'iiC'ii;-
San 1-' Ser B
07 li
(UN
ni'.
117 li,
07
07
Texas Co Cs
looo 1031
looo lo:i'i!
8000 . .103
Tex &. Pac lty 1st
loooo . 81
Third Ae lty la
OLD FOUNDATION COAL CO.
First Mt0. 79r SinVIng Fund Bonds
llotiL-lil, xolil urnl Hunted
J. C. REED & CO.
BANKERS
Finance Bldg, Phila, Pa.
B
11
1414
II
14
II IS.
14
14
lljS
1 4 'Si
1414
1414
. I4&
1 1 14
1 4 14
M14
II 14
1 1 'A
1 1 14
II
I 4 In
II
I4',i
1 I U
It
11
I I
II
1 1 14
Int Rap Trans fd
7000
loooo
looo
13000
8000
1000
1000
1001)
76 14
IflU
70
70
1(1
70
70 '4
7014
North Pacific 41-jS
2000 ... 83
North Pacific Cs
2000 . 72 ;N
Out Power N F 5s
2000 . 87
1 3000 87
Ui-o & Call It It us
1000 !.'!
1 Pacific Tel i. Tel 5s
I 7000 .. 87'i
' Penmi It 11 5s
25
,1000 7014
Chi M S. Kt P S'gS
tooo . n7
Chi M & St P 4s
4000 .... 0.1U
11000 osu
C M A St 1 Bin 4 H
noooo ... 73
C M & St 1 cv 44s
1000
1000
12000
2000
1000
2000
10000
10000
7114
7114
71
10
70
71
10
7014
Chi M & St P cv 5s
1000 0814
10000 ... 08
Chi MiSIP fd4 14
1000
Chi n
2000
1000
2000
1000
.1000
2000
2.1000
24000
3000
SOOO
I &
SUTi,
Pac fd
00
00
60
00
00
05
on 4
0.114
0&14
0514
Chi tc N W Bs of 37
2000 .... 07 li.
Chi St P M & O 5s
3000 ....105
Chi Un Stu. 4 lis
0000 .... 80
3000 .... 80
nooo .... 80
Chile Copper 6s
1000O
1000
8000
1000
5000
10000
6000
loooo
20000
J?00QO
.
70
10
7B14
7814
78
7814
78
7H
76U
17
.1.1000
20000
nooo
101(00
23000
2000
1.1000
looo
1000
101)0
loooo
1000
25000
1000
noooo
01)00
2000
1000
1000
12000
23000
moon
1,1000
.10(11)
3000
4000
2000
noooo
nooo
nooo
2000
noooo
.1000
1000
2000
31000
nooo
2.1000
1000(1
2000
16000
4000
5000
nooo
3000
2000
15000
2000
2000
SOOO
2000
7000
10000
10000
oooo
oooo
12000
10000
15000
31000
5000
SOOO
1.1
ll'Ji
11
1114
1114
I Hi
1114
4 1 14
1414
1114
14
4 Hi
4 4 14
llli
14 U
4 Hi
II
1414
4 1 14
11 14
14
II
I I li
14
14
11
44 V,
43
4:il
:Y
4tU
13
4
II
II
43
14 (,
13'
14 li
44 Vi
44
441i
43
4314
, 41
44
41
43V
44
4114
44
44
4414
441i
4414
4414
4114
44
44
44
4114
44
. . 01
01
01
01
01
01
DOTh
II0T
0(7n
It K.ii IS"
. 82
8 Hi
. 8I4
81
. 81
. 81
& C Co lis
. 111
2000
7000
133000
IIOOO
.1000
1)000
10000
.1000
10000
Pemia I
2000
nooo
1000
.1000
1SO0O
.1000
Pro fi I
1000
Pero Marquette 5s
3000 83
Peoria i. i:.ist in
10000 . 23
Pierce Oi! of 20
tOOO 100'..
2000 100
I'U Ser C of N J 5s
looo noli
looo no
200(1 no
Heading It It Is
nooo . 80
nooo 81
Itep Iron & S Co 6s
1000 . . 03
SeabM Air Line aj
2000 13
Southern I'.ieille (!'
2000
nooo
ROOD .
U IC of U
2000 .
nooo . .
looo .
10000 . . .
2000 .
1000 . . .
TJ K of O
rets of 22
1000 ....
3000 . . .
27000
2.1000
10000
25A0O . .
23000
25000
10000 . .
2S000 .
U Iv of G
rctH or S3
looo ....
1 (10(111 .
oooo .
noooo .
10(100
2000
nooo
noooo
(illlll)
U K ot li li
OOOO .
1000
2000 . . .
2001) ....
2000
oooo ....
nooo . .
8000 . . .
1(000 .
3000
8000
1000
i.nioii Pucirio fii
1000 .. 10
3000 70
10000 . . ift'i
Union Pauirio cv
2000 81
Union Pacific
2000 81
2000 . . . 84
2000 . . . 83
3000 . . . 81
3000 . 81
U S Heal & Imp Sj
3000 ... 77
001)11 . . 7 7
U S Ilwuuer 5
I
11
17
07
07
07
07
07
07
3 &
07
08
07
07
97
01
07
01
07
07
B &
00
00
00
00
00
0.1
00
00
110
I J
00
Illl
sou
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00
00
00
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Investors read
Ike Wall Street Journal
pSSS''SS!BSS!
21
TINAMIAI.
loan Bi
In (icconlanee ulth a resolution utlool1
hy Oirmou council of tli City of Phila.
delphla. on ThursdHy, November 20, 1010
l.tlt niillmrlxlrtir tl.n ... uail..n ,.f ., ....,
or loans In the sum of ilfioen million (1.1.
000,000) .loll.irs Is heieby uubllsheil Tor nub
ile Informutioii
WILLIAM II. rni.TON,
Chief Clerk
.1000
1000
1.1000
20(10
1000
,1000
nooo
8.1
83
83
83'V,
83
83
83
U S Ilulilier 7b
1000 10't
1000
Southern
7000 .
2000
3000 .
6000 .
2000 .
4000 .
Southern
7000 .
72
Pacific fil
. 1,1
. 71
1,1
71
7.1
. 71
Pacific 4a
08
U S Stenl Es
looo
looo
7000
nooo '
loiiii
3.1001)
looo
1000
looo
31)00
1000
10000
1000
08
081',
08
0814
08
08
08
081',
08
08
08
081,
08
Iowa Control 4s
300O 30
K C & Southern 5s
0000 7414
1000 .. , 74
1000 .... 74
Lacka Steel C of EO
SOOO ..., 05
10000 .... 04
Llserett & Myers Cs
1000 .... IT
1000 .... 87
COMPTROLLP.IVS CM T.
Noeitier 17 1010 n'ondeimcil)
RESOURCES
('iii.li and Iti-serve .. $027,007 5a
Duo from Banlts.. . 635.9B7 80
Loans A: ImestiTHMitH 7.502,000 51
Ileal Kstnte 123,450 00
TOTAL ..$9,148,421.9!)
LIABILITIES
Deposits 6, 130,179.54
ItedlscountH (Liberty
Bond Collateral) .. 1,151,052.50
Circulation 265.247 60
Iteherveu lor raxeH. . ,uu
Capital. Surplus mid
Undivided Profits
1,693,807 01
TOTAL ..59,118,421.99
Win, J. MnntBnniery, President
Hamurl Hell, Jr., Vlre-Vresldent
Charles It. Coolie, Cashier
John I), Adair, Ass't. Cashier
Wm. A. Nlckert, Asst. UashUr
rCAPITAL$500,000,001
SURPLUS EARNED)
x o nnn nnrs nn
H.,HW,XW w.w w
Slxth&Spring Garden
?HIIADEIPHI
THE BEST TIME
to make a Will is while you
arc in the best of health,
sound and vigorous, both
mentally and physically, when
you can plan better than if you
wait until your last illness, or
you are perhaps incapacitated
oy old age.
WE CORDIALLY invite
you to consult our officials
freely, without expense, about
your Will and to consider the
advantages of appointing this
Company your Executor and
Trustee. Upon request our
representative will call upon
yon.
You Should Make
a Will Today
I AN ORDINANCE
To author-tz tin. creation of u loan up loin
i !n Hi sum of fifteen million (.3000 nu(
dollars, bflnir, tho untssutM portion of h
lo.il. In tho sum of fort-twa ml 1 1 Inn four
liundrM and firty tlunnHinl nevm liuticfreil
and iiliity-n.nMi Hi.'. 4."0 7I7) dollar pro-
X'fifu (or by mi OirilnHtice npprovrd tha
29th day of June. 11)10. thH Ordinance
I bailiff suppleinonintv to the tut Id Ordinance
of June CO 110. thp suld fifteen million
dollars t b uwd toward the erivtloii
nnd rnnstrui'tlon or thf main bulldlntr of
the I reo I.lbnnv of Philadelphia; to pay
i dattmKffl for ho heretofore authorized
optnlnir. wldpnfnc nnd chuncln of prad
f streetB, rornti urtltin of sower, con
dtmiHtlon of purK! nnd other purposes
toward tlm prinovui of Kindt 1 11 sil iy It'
South Phlliidplphlu; toward tho uciu11Mon
of and paynit?nt for property predion
nnd ut nl ruction of Hewasf dlHim-ial platii--nnd
spwpiiiKn sjsiom of Prrnkford creek
urr u, toward the Requisition f property
nnd Improvement nf tho Parkuay to pay
for property heretnforo taken nnd to bs
taken for ralrninunt iin! other p,(rk9.
construction of tnaln neweia, consti uction
i or main sowers In Ven.uik'o, Ulcler and
Parker street: conalrucnon or branch
ewera. cnnHtructlnn of bridge., eradlnif
treots. Iniprovemeut of country m.id
pavln? liitimectloiiH. Irupnncment of the
Houlevaid. for the further Imnrmetnem
I of tho South Hmad Xtroet Pm''n-d
PI ira. I.chkuo lHland Park and CIovrn-
I mem aenue. towaitl the tifftlon of .
I J oii.eiillon IImII, t-nvurd acquisition of
land, ei ctlon and oTiiiru'-Hoii and equip
I'leiH or the PhtlHd' lphla Ocnoral MoiUkI
and Nuraei' Home, anti other bitlM'nri
KL"'Cr s"."- "UlftvlHlon or the DopwrtiiK n'
of ruUlh Health and OnarltliB; toward
the eri'dlon or an Art Museum
I isectfon 1. Tho Heleet and Common Coun-
iflla of tha City of Philadelphia do ordln.
That the itayor. Clt Holtcltnr and city
Controller, or any two u mem. bo and they j
re hereby authorized to borrow at ueh
, times and In auch proportion an In their
Judgment the beat Intereath of the Cltv de
mand, fiom the highest bidder or bldderf.
by advertisement, at nt ?eaa than tar. on '
the faith and credit of tho City ot Phlta
delphU a sum or sums uhtrh In the aggre
gate hall nut exceed nrticn million (I!.
I 000 000) dollars, b lug the unissued portion
of a tuaii of forty two million four hundred
and fifty thotmand woven hundred and
' nlnety-eoven ML1. r.0,70T ilnllurs provided
.for by an Ordinance approved the 20lli day
of June. l!Mn tlilH Oi ditiiiiH'o HMpplementlmr
the HHld Ordinance of .Tun. .'!, I'UO. t li - fal1
flftetn million (innooooii) dullKis tn bu e
M.nderl bn PMnldcd foi in (ha at-Lond Heclloii
1 of this Ordinance.
I iec. i! The nio.cy ralcd by the loan or
I loana authorized the flrt HTtlun nf this
i Ordinance shall he uwJ for the followlmr
purposes, to wit: Toward Ihe eieUlon and
conatrmtlon of tlm main building of the
rrce Library of Philadelphia, tvo million
four hundrtd and tlftv thousand (..'.-ISO 000)
idollara, til pay foi dauiaea for tho here
tofore authorized owning, widening and
changing of itr.irip or trteta. conat'-uctlon of
aewera, condemnation if proneity for parks
and othet purposea. thlrij-fuur thousand (31,
1 000) dollars, toward tho removal f gradt
crodalna In South Phllath lphlu mi ter con
tract dated March -'A 1H1 nvt- million
six hundred thouatnd if r.no 000) dollars.
I toward citulltlon of prom --iv erection and
' const tuullon of yew ape il-posal plants and
eueiage svstem of prut Uf ird tieeli area,
lone million four lumdnd and thirty-tight
thouind U.43M.0OO) d diain. toward the
I acquisition of and pannnt for property
taken and Improvement of tho Parknay,
'fifteen thouaarul (in, 000) dollara, to pay for
properly heretofore taken and to be tHken
1 for ralrmount and other parks, seventy
four thou a jukI (74,000) dollar, construction
of main uewers, four hundred thousand
,(400.000) dotluM: construi tlon of main
' aewers In IJIgler and Packer streets, four
hundred thousand (400.000) dollirs. and In
Venango atreet. forty thousand (40 OOO) dol
lars; t'onstriirtlon of branch sew, a, thirty
thousand (30.000) dollar, construction nf
bridges, five hundred thousand (o0U,000 dol
lars, grading street a, twentv four thousand
CM. 000) dollars. Iniprownir-nt of country
roads, slxt-seen thousand (07 000) doUais.
paving Intersectlonn, twentv . Ighr tlmusand
(l'S.000) dolltia ImprnvaiKiit nf the fol
lowing Ii'hih lies of tho Ilouevt.ul UeiisHk'in,
Holme and Poqui'sslnar avenues, one hundred
and sixty thousand (100. 000) dollars, fn- th
furlhei Improvement of the South llrnad
6tieet Doulevard, Plaza Uenuui Island Park
and Government avenue, five hundred and
I twenty thoutiand ( MIO 000) d illars. toward i
the construction of a Convent!, n Hall, sup
plementing money borrowed under an Ordi- (
nance approved Jjno If). 1911, twenty thou- 1
sand (1:0.000) dollars; toward tho acquisition 1
of land, erbOJIou, construction and equip
ment of the Philadelphia General Hospital, t
Nurses' Home and tho other buildings under
the supervision ord direction of the De
partment of Public Health and Charities,
two hundred thousand CJ00 000) dollars, to
ward tho erection of nn Art Museum, onj
million (1.000,000) dollar
Sec H Interest on the aald loin at a rat
rot exceeding four and one-half (4H) per
centum Pr annum shall bo paid by tha City
of Philadelphia half eaily. on the first days
of tho months of January and July, at th
omco uf the fiscal agency of the City of
Philadelphia. Certificates of the said loan
shall bo In the usual form, In such amounts
as the binder may require In the sums of
one hundred (100) dollars and Its multiples.
! In registered or coupon forms, and It shall ,
be expressed In tho said certificates that the
1 loan therein mentioned Is payable In thirty I
years after date thereof, and that tho prln. 1
1 ctpal and Interest on said loan are payable ,
I fn lawful money ot the United States. Ire i
I from all taxes. '
Hec. 4. Whenever any loan shall bo '
created by vlrtuo of this Ordinance, thtrs Is,
by force of this Ordinance, an annual tax
levied of bIx and one-half (UMi) wr centum
on the par valuo nf such certificates so
issued to pay tho Interest, also tho prin
cipal, of su?i loan within thirty years, and
there Is hereby annually appropriated to the
Commissioners of the Kinking Fund, out of
the taxes so collected, a sum sufficient to
pay the Interest m said loan, also the prin
cipal thereof, within thirty years and as
Ithe same becomes payable. The approprla.
ton for tho Interest to bo paid semiannually
land for tbo Blnklng Fund Quarterly to tho
Mid CommUslouer.
Foreign
Government Bonds
(Air Issues)
The facilities of our
foreign offices citable i
us to give complete
anil tromfit cable service.
The present low rates
of exchange afford in
teresting opportunities
for the purchase of these
securities.
9
.lrmVn Sen loifc Stock Exchange
111 Broadway New York
1 Drapers Gardens, Throjmorlon St.. E. C.l
LONDON
K 12 Exchange Bld(s 20 Place Vendorat!
LIVERPOOL PARIS
Otfices in umZ private wires to
important citicit of United
Slates and Canada.
LIBERTY
BONDS
$50, $100, $1000
3ought Sold
Kecummrmlud for Investment
Newburger, Henderson & Loeb
liWM.Us
III0 CHKSTXrT STRKET
JUiiiIj.t. N. V A I'lill.i lu La.
tlijii.ti
N. Y., Chicaso, St. Louis
Equip. rs, clue May, 19;il
1'ieo of renmjthmila late Tn
Tree of Normal Iim ome ln
IM.75 ut id InltTcht In ct ftW
Townseiul Whelcn & Co.
r.o;, ciicstiiiii St.
The Price
History of
Every Stock
traded in the New York
Curb and in Boston, San
Francisco, Salt Lake and
other exchanges is given
in the November issue of
our
Free Broker's
Hand Hook
High and low prices for
last month and entire year:
par, capital, dividend rates
of more than 800 securi
ties. An invaluable guide
for those who are think
ing of taking advantage of
the present technical posi
tion of the Market. Edition
limited because of New
York printers' strike. Call,
phone or write today
Ask for No. T. U.-G5:
JONES & BAKER
SECURITIES
Widener Bide., Philadelphia
Phones Bell, 'atuut 6005
Keystone, Race 2290
Direct Private Wires
New York Detroit Pittsburgh
Chicago Baltimore Bojtoii
Will 1920 Be
Like 1907?
Will present conditions Terr like
those existing: in 1906-lead to break
and slump in 1920 similar to the puie
of 1907?
BABSON'S
Speculative Bulletin of November
15th gives youtheplaln, unbiased (acts
on our present situation and com
pares it with 1906.
It Is a bulletin of vital Importance.
With its facts before you, you can see
what's ahetd and govern yourself
accordingly,
Report on Request
A few copies of this Special Bulletin
and full details of Babson's Financial
bervlce are available for distribution
lo Interested executives, gratis.
Ash tor Bulletin 34 AA
The Batuon Statistical Organbatie
WelloeUy Hills, Mas.
Largest Organisation of lis Character
ti the World
H'e Specialize in
AMERICAN LIGHT &
TRACTION COMPANY
Common Stock
Fraction Shares and Full Shares
Bought Sold Quoted
MCowtt.!-
Mrmtirr- Philadelphia. Stock E.chanar
''' """ Land Title Bldg. ac 411
EHNSYLVANIA MUNICIPALS
Free Pennsylvania Ti
Government Taxea
Bought Sold Quoted,
MARTIH & CO..
1411 WALNUT ST.
aUNAKCIAt. ,
'io noi.DErts or
EMPIRE REFINING COMPANY
First Mortgage and Collateral Trust
Ten-Year Sinking Fund Six Per Cent.
Gold Bonds, Dated Febrnarr 1st, 1917.
Niitlce I heret kipii thnt proposals ar
iiivlii-rt to be made tn Guaranty Trust Com
tmny nf N York 140 llroadway. New Tone
nt. fur the nxlr lo the Pinking Fund pro
ldri for In the Indenture between tha com
nnn HnJ (luurHiitv Trust Company of Ne
York a trustee dated l"brury lat. 1017.
nf rirxi MnrW.iire nnd Collateral Truat Ten
tnir Slnklnr Tumi M Per Cent, tlold Bonds
nf Kiniilre Hellnlnir Cmnriiiny, dated Febru
itr lil Int7 nnd .ei'und hy artld Inden
ture nt prleei not to exceed lot pr centi of
the pr'nclpnl nf auch bnnda flat without ini
tcreit On nr before February lat. ISSOi
Illl; com p in win deposit with the trustee
eulTlcient funds to retire on that date, at a
price no In exci'm of the principal nmount
ihereor, plu a premium of four per cant or
paid tirlmlpal. honda equal In arcrrirate titn
value to s.inn.noo, and aald fund la to ba
applied to the purclAae or redemption o
bonds nf Fald lasue at not to exceed th prlr
ubni mentioned .Ml propoaala should ba
securely Nenled nnd marked "Propoaala for
Hle of bonda to Slnklnir Fund under Inden
ture of Hmpire iierlnlnx Company dated
Fehruan Ut tniT." muat be for all or any
part nf the linmla offered nnd muat b r
relied In the Trustee at or prior tn S o'clock
P. I"., nil lViniibrr !7tll. 11)19.
Advlcea nn to bonda nrcepted will be malted
mi or before December ltith. 11)10. by th
Irtwte,
Coupons due February lat 1920, chnuld b
uelnil.nl from the accepted bonds and pr
sciitcri in ibt usual manner at th office- or
nceriM of the compiiny 00 Wall street. New
ork clt
i:.MPIP.B RRFININO COMPANT.
ny FRANK W. FRUKAUFF.'
vice -reaiuent.
riatoii November 28th. 1010.
...MXKINl FUND PtlnCHA9K OF it
ll)svi,V,.ll l'.I.KCTItlO COMPANT
I He leir f. .Secured Cold Notea
NotPe la hereby alven by llankera Trust
to trustee under an Indenture of Pnn
ailwinlH Cleetrlc Co. dated July 1. 101.
In nHiikera Trust Co aa trustee, securlnc
nie fl. iar Ti secured sold notea of said
PeiinaiuniH l.'lcctrlb Co. that on January
i 111-0. nursiiint to fruch Indenture, (hero
will ! umlnhie m the alnkln funitjUnder
nhIcI Indenture the sum of 44.S38.ft for.
"ie iiiiichnai of s.ild notes nnd the trustee
lieieb' 'riiltnH aealed offera to be submitted
In It on or before 3 o'clock p m.. December
HI HMD at lla trut department. 18 Wall
street bnrnuRh of Manhattan, city ot Ne
York for the sale to It on January 1. IBS,
of audi notes at prlcea to be named In
such orrera provided, however, that no
offera will be accepted which will be for a
sum In excess of one hundred and one and
one-half pur centum (iniHfi) of the prln
rlpul amount of such notes and accrued In
terest From the notes offered tn reaponss
lo tliN not ci the trustee will accept aucb
notia as are orfered nl the loweat prices.
not exued'mr one hundred and one and ona
h.ilf prr ,,Mtum Uniij'U nf the principal
luiouiit of su, b notes and accrued tntereeti
i n amount sufll(.lint to exhaust, as
inarU ai tuny be said Bum of $44,:!3S.7a.
Notli s of aieentance of offers will b
ii'al'cd ui December 11 tlllfi. lo tha makers
nf such oners as are nccepted at the ad
dresses designated bv them reapectlvely.
The nntcn so accepled will be payable at
the trust department of the underalared
i trustee on January 1, 11)20. at the respective,
pi h ea nffered to and accepted by the truatee
tojether with accrued Interest, provided euf-
Orient funds for the payment thereof shall
have then been paid tn the trustee by ths-
t Pennsylvania Klectrlo Co.
Accepted bonds when delivered should ba
ai i ompauled hv Federal Income Tax Owner-
i hlilp (Vrtllliates with respect to ihe accrued
Inl rest
Dated at New York lllla 23th day f
1 November 1 1ll n
TlANKnitH TnUHT CO., trustee,
T I' Wlt,"ON JH vice president.
.
To the Holders of
TOLEDO TRACTION,
LIGHT AND POWER
COMPANY
Second Lien Seven Per Cent
Three-Year Gold Bonds.
Dated January 1st, 1918.
ov nrc iiKHKriv notikied tht
IimmI'i ThmIIuii, l.lirht Jinl Power Company
Iihr oifiio.t t ti ipiln'tn Htnl pny TT un Jun
Mir Iht. 10'iO, nil of Us Motoiid LI fn Peven
Vr 'fiu 'I lim -Ycar Ool.I Homls. dated
Hnutr 1t llijfl i..'curtl by Indenturo of
HHltl Tt'loiln TrHi'tlau, IdBht nnd PoHer Com
lwiiy t Hun Von- Trust CoinpHtiy, an Trus
te. dutPd Jitnuarj 1 ID1R On Janutkry 1st,
11)20. all ut viild bordn will btcom due ana
payable ut th- otfloc uf Hank-vra' Trust Cotn
pany. 1 1 Wall utreot Sew York city at tlift
principal h mount thrrenf. plus arcru In
tproht t(( ufd rednnptlon date. Krom ani
nftt'r cald d.ift' uU Interest on aald bond
shall ckm
All httidrt prrHpntrd should be aecompanttd
b proper Ti'derat Income T.ix Ownerahlp
iertlficHte loxerlns the Instalment ot la
irreil pajable Jtinuttrv IbI, lti0.
Toledo Traction, Light und
Power Company
Hy i-.tANK W. FHUUAUFP
a Vlcfl President
lMUd NiiiPiiiber Hit 11H0
LbuiSIAMA oil refinIngcorporation
To the lloldrra ot the Klrat Slortsese Sir
i 1'er Cent Ten Year Convertible Otbi
1 Honda or the Louisiana oil Keflulnr
t'oriiuratlun,
Under the Hlnklnr Pund provl.lons" of
the Indenture dated May 10. 1017, between
the .ilaiva Corporation and the But
Htrrct Truat Company ot Huston, the un
deralk'ned Truatre hereby tlvea notice that
until Dec. -t 1311). at twelve o'clock boon;
. It will reielvo aealed propoaala for the
I of the abuve named bonda to absorb th
sum ot seventy-two thouaand nne hundred
alxty-alx dollars nd twentr-four centa
7'.MRa,'J4l or any part thereof. No boiiie
ehould be offered at a price exceeding 110
and ai-crued Interest.
The rlnht la reserved to reject any and
an pruru"t-
STATE BTRKET TIIU8T COltPXNT,
Trustee, by Ashton I.. Carr.
Woatnn. Mm., Nov.
1'lrn rnnlli.l
1. 11.
Fcuhontas ConIWat! (kiH
Company, InoerperitM
tioij) iiuNua '
Notice la tiers or aivjq. ui
terms of the Mortseiie ted
thai the undersicned, as Tr
celve Biuled urouoaala up
the atb l,ay ;! icemui
ir. I nf Itnnda aa Mbov
6 uae tha eum. of MO.IHW.B., Tha
alined rt-aervea the rlfbt to rsjeotia
TBepeskmaFBei
ST.
roller, 1W, tor tk
iive qeacrtpeo asu
UO.SSii.Su. .ThT
.',rtfcWfeJWri' 1
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