evening public ledger-Philadelphia, Monday, December i, 1019 . )!!!, ...IS. .S.,,,..!!.,.-. H.II.,lllh..lt.t.MltF sfn.iaWWl.SHSj.lfhU Non-Taxable in Ohio 0S& iDAY'S NEWS INDUCES NEW YORK BOND SALES .Summary of the Indltliliiat Transaction!) on the New York Exchange v fl V Thousands Have Read This Book Your copy is ready. Free to any business man who is interested in the Market and who wishes to know: ' The General Rules of Trading. How to Give a Broker Instructions. . Brokers' Com m PS s i o n Charges, llow to Indorse a Stock Certificate. How to Use Collateral in Trading. How to Group Investments The. Deposit Requirements for Carrying Stocks on Account. ' The Highta or Slock nm) Bond Holders, etc. Written in simple lan guage and easy e xamples given. No' obligation. Edition limited. Call, 'phone or write at once. Ask for No. T. U.-(55 JONES & BAKER SECURITIES Widcncr Bldg., Philadelphia Phones Bell. Walnut 60G5 Keystone, Race 2200 ' Direct Private Wires r.ew ork Drlroit Chicago Baltimore Pittsburgh Boston Alb & sua nr.su 3000 . .,. 70M, Am Smelt A It lis 2000 .... Hft4 Am Tel'A Tel 6a 1000 V. .. BOH '1000 .... 80 UOOO .... 80 Am Tel & Tel 6s ,m TCI & TCI ss !000 , , . . 0 sooo ... i nn iooo .... osvi iooo .... on soon .... on 1 Boon .... 0874 anoo . . , . no .innn .... un tooo .... DW 1000 . ,, . VKVt innn .... uh "loon' .... o t Am Writ 1'uper 7e 4000 . . . .' us 2non 75 moo ,. . :V4 Chile ('oiipcr 7s innn ., ..ton ssnnn . . . .ins .1000 . 10.' 1KMIO ..tot! City of Uordeaux Os 2000 , . . , 03 sooo .... Di Boon .-. . . 82 lonno .... 92 City of I-yona 6n l Mnnhattan Ml 4s St Josch & (1 Isl 4s iooo . . . . r iooo . . . . fll ,Mlch rentnil I) 4s St Ij I M & S IUv 2000 ... . 7J ( & Gulf Dlv 4s UIIcl Hteel Corp OS i soon . . (ITS'. AtiKlo-French 6s, I 1000 0000 HOOO ssooo 1 20000 7noo innnn s.inon soon t unoo .10000 i noon 10000 iooo 2000 1.1000 nooo 384000 8000 nooo .1000 .10000 ,1.1000 8000 ,10000 3000 OflVi u.i Vt uny4 no 0(1 3 11(1 3 0V4 0(1 3 oay4 B0V4 onu tinn onu vd n o 1)04 nn on 0(1 V OOJfc 0(1 3 on 3 n',(. no 03 Tb D2 02 03 02 . . '. 02 . . . 02 .Mat' G . ... 02 . ... 02 03 . . . 03 . . . 02 is of 65 . inn u & flew York Railroad Company First Mortgage 4 Per Cent. Bonds Due September I, 1945 Armour & Co 4s innn .... rtlVi Armour & Co. is ' sooo 82 noon ss All Knox '& CIn Is 3000 .... 71 Vi Atch T & S V adj 2onn .... 70J4 ' i Ateh T & S y 4s ! lonn lUVi 1 8000 .... " , iooo . .'. . 7y, I All Coast Line c'lt 3000 .... 70',i BOOO V) Bnlt & Ohio cv ! 15000 .... 00 loonn .... no 8000 .... 89Tb Halt & Ohio cv 5s 10000 .... 80 Bait & Ohio 4s nnn soon l nooo nooo lonoo 3000 city of innn . 3000 . nooo . loooo . iooo . C of N V 1000 . City, of 1'arls (is noon .... 04 iooo 04 City of ToUto 6s 2000 ... (18 nnno ..... .i Colo a So lty 4 s l nnn .... 82 Con Gas Co cv innn . . nay . nooo . . on i aonn .... noli , nooo 08 ' Del & Hud Canal fd ' 2000 .... 80 1 2000 .... 80 ! Din & Rio Grand 4s ) 1000 (13 , nooo . . . eg I Det Unt Kys 4 Vis uooo 89 nooo .... no Dom of Canada '21 in on tnon nooo nooo 84 84 83 81 1. & San l'rnn iij Mln ft St Louis 4 lonn .... 38 tooo .... 37 M Kan & Tex 4s .1000 .... ft lUi Mo Kan & Tex 4 4s 2000 .... 21)1,4 Mo Pacific Bs of 26 800O 811 M Pacific Bs of B5 nnno , . . . 7.1 Mo t'nclHu Bin 4s aoooo ss soon. . . . ,141)4 iooo .... nn . .1000 .... 84 I .1000 .1114 I inno .... ri Mont Power Co us innn sow NY Cent & L S 3 ',i 1 innn i loooo . . oi NVC & till It 4'.i,sJ iooo .... 70 I loon ... 70 ;V V c.ji n ti ii rfK 4'jS 1000 .... 7.1 NYC & lilt UK (is 10000 innn i .innn 2noo nooo lonoo oooo tnon 7000 loon Anon no ft 8 14 AIS nn' ns'A AS. nu S3 ft ft.1 KUKUHASIINla Ul UUKIM Voumo of Business Light Bo cause of Crippled Wire Serv ice Offers Light St L & ttin Krnn In 2000 .... to innn .... 40 loooo .... 40Vh 2000 40 St L &. San Kran A iooo 8000 7000 ,10110 toon loooo r, 4 .14 88 84 .13 83 St I. & San t-'rnn B moon .... 44 St L & fc.' West 4 s soon .... nn St L & S West Bs nnno .... so Third Ave Hallway 4000 2714 3rd Ave llwy adj iooo .... 2714 4 nnn ni sunn 37 N Y Gas & 131eo L , Third Ave lty 4s . Goarimtced I'rlncliml nncl Interest indorsement by the Lettish iiiiiiruuu uompmiy. jy Kit V.Iley This road rnns from the Pennnjlvrinlrt. New York (.late line to FHlrhnteii N.Y., (115 nillen), and h Ir-iiMetl for 009 )earn to the I.rhL-h Inllfj- Ilnllrond C'om pan). It prol(les the lntter road lth n outlet on Lake Ontario. Price: To Net 5.80 Per Cent. Biddle & Henry J 04 SOUTH FIFTH STREE1 LIBERTY BONDS $50, $100, $1000 Bought Sold Recommendedfor Investment Newburger, Henderson & Loeb UANKRI19 1410 CHESTNUT STREET Ucmber N. V. & l'blla." Stuck Ki. tuunses Robt.O!endinningftOo. Investment Securltie Special Attention Glrea to Orders on Pittsburgh Stock Exchange by direct wire connection New York fctmben 4 1'hlla. Stock Exehaait U'lttiliurrh 400 Chestnut St, Phlla. 3001) O.IVf. 10(10 05 3000 .... 8.1 Vh 1000 .... B5V4 tftooo .... inn innn .... 6.1 IOOO .... 03 3000 .... 0.1 Bait & Ohio 6a 2000 .... 87Ji 2000 .... 87fo innn .... 57 innn .... 57 nnnn .... 87' 3000 .... 58 3000 .... 57 nooo .... 57.. 2000 58 jonn .... 88 Bait & Ohio Cs ' 2000 01 inoo .... 1)0 Beth SI eel Corp fd 1000 . . . 87 Beth Steel Ss ot 3fi 1000 85 2000 . . . .- 8.1 mnn .... 8t Drk ltap Trans Cs 1000 30 1000 .... 30 Uroolj Rap Tran "s 10000 .... 30 B Tlap Trans ct 7s iooo 39 5000 .... 37 B n Trans ct ita 7s 7000 ... 33 Bik Union Kle' 1st 3000 03 Cen of Ueorgla en iooo .... 86 Central Pacific 1st 5000 .... 74 Central Pacific 3" 3000 .... 82 3000 82 Cen 11 II of N J 5s 3000 . . . 100 Central I-eather 5s I 1000 . . . P7V4 dies & Ohio cv Cs looot 80 10000 .... 70 dies & Ohio 4V4s toon .... 73 1000 73 4Q0O .... 73 Chi & Alton 3s 4000 .... 47 2000 .... 48 8000 48 3000 .... 47 Chi & Alton 3',4s mnn .... 30 1000 .... 30 Chi. & Alt char 7s 2p00 .... 86 Chi B & Q II 3s 10000 .... 72 Chi D & Q neb iooo oo I Cht B & Qulncy 4s 1 loon 08 .innn 08 lonn .... sn inon .... 8 moo .... 8 ICdl 111 of Urk 4s iooo .... 75 Erie HK 4s 1000 .... 31 I 1U0O .... 84 Erip II R CV D 2000 .... 40 (IOOO .... 30 5000 ... 30 Erie General l.len snnn .... 43 iooo 13 Granby Con Mln & K & P Co 6s sta 2000 .... 06 Hud fc Man In sr.OOO 12 iooo .... 11 25000 .... 12 Hud & Mnn fd 3onn .... 53 2000 .... .73 III Central fd 3000 7.1 111 Central 5'is 5000 .... !)() snnn .... on Im J Oov Is eng sta Bono .... 80. Imp Jap (it 'id bs 2000 sn Int Jler Marino 6s innn . , . . 03 inon .... 04 uooo a . . n4 IOOO 93 2000." .... 04 Int Met Co Ct 4U,s 10000 .... 14 10000 .... 14 inooo .... 14 20000 ... 14 5000 .... 14 Int Met Co 44s & Power Co 5s iooo .... 83 N. Y Hallways ct 5s 1000 .... H snno .... n N Y Tel Co 4V2S 3000 .... 83 0000 . . 81 2000 .... 83 2000 .... 81 N Y Telephones 6s iooo nn sooo no ' N Y V ( & Ii 41-R 1000 .... 33 toon ... 40 Norf & Western 4 s aonn .... 77 moo 74 4000 77 Norf & West cv 6s ! 10000 lot 1000 103 Northern Pacific 3s inno .... 53 North Pacific 4s mono . . . 70 ! Northern Pacific Cs ' 3000 72 , I50OO 72 2000 71 . Oregon Short l 6s iooo .... 00 l Ore Wash nil Co & I Navi Co 4 s innon .... 68 Pac Oas & 13 Co 5s 1000 83 Pac Mall S C cv Gs loooo . . .'. 00 18000 ' 90 nooo . . . on 7.1000 .... no Fenna U 11 Bs 1000 411 411 U & I . . 07 , . 1)7 , . 97 . . 9 ; n Sc t Knnas City Itwr. 58, 1044 Chester County Tub. Her. 5s, 1041 United Fuel Gas 6s, 1036 West Perm Tower Bs, 1040 Ceonla Rn?. & F.lee. 5s. 1040 HENRY D. BOENNING & GO. STOCK EXCHANGE BUILDING Direct Private Telephone to New York Members l'lilla. Stock Itxclmnxe RAILROAD, INDUSTRIAL, PUBLIC UTILITY BONDS List on request MARTIN & CO. 1411 WALNUT ST. w Investors read IkeWallStreetJounial 'jgfM g) Mlllll & I 1000 6000 tooo sono snno 15000 Bono snno 04 04 04 04 04 04 04 04 Chi & Qrt West 4s 1000 .... 82 inoo .... 52 8000 .... 82 13000 .... 82 1200O .... 52 5000 .... 51 1000 .... 52 C M & P S lty 48 1000 .... 66 10000 15000 7.1000 50000 10000 nnno 2soon 3nnn inoo 2.1000 10000 2.1000 sooo 7000 inon 5000 moon soon 6000 6001) 1000 66000 nooo 2000 20000 2000 mnnn 20000 snnoo 22000 26000 16000 4000 14 14 14 14 14 14 14 14 14 14 11 14 14 14 U 14 11 14 U 14 14 14 14 14 14 14 14 14 13 15 16 14 14 Int napld Trans fd 44 44 44 44 44 44 43 43 44 44 44 44 43 soon 5000 1000 25000 2000 12000 3000 54000 sono IOOO 10000 10000 3000 Binoo 43 Chi M & St P 4s 2000 .... 64 C M & St P cv 4s 8000 .... 60 Chi M oi St P 4s '25 1000 . , . . 78 2000 . ... . 75 ghl & N West em 3000 .'. .. 78 8000 .... 78 Chi n I & Pftctflo fd ' 1000 ,'t 1000' 12000 12000 2000 7000 3000 1000 iooo 2000 65 85 65 85 85 65 65 01 83 6 Proposals rnoposAi.s foh nurses- noiucolk BUITS Ofllco of the Quartermaster Gen eral, Clothing- and Equipage Division. Sealed proposals In duplicate will bo received hero Until 11 a. n., December 20, 1010, (or fur-martins- 045 Nurses' Norfolk Suits. Proposal hfanka and Information obtainable from Captain J, R. Van Home, Jr.. Room 1021, Munitions llulldtnir. IVushlnjrton, D, C, .or at Zor.6 Supply Office. 21st street and Ore aon avenue, Philadelphia. Pa. jytoposAUi FOn nouses' ovkhcoats IPS' and Eoulpaae Division: Sealed proposals la duplicate! will bs received hero until 10 jn December 20, loin, for furnlshlnr 887 wu.r5fl; .iyernoais. -ropoi manxs nnp in Mrmatfon obtainable from Captain J, K. Van Waahlnirton. D. t.. or .from Zone Supply nornst . ituuni nui. Ajuumuui j.uiminv. norne, .ir,,. 8m.' tst ,tw, r- :i. nmnitinni iniiininir Orwon. avenue. I'btladel Chi n I & Pacific 4 8000 .... 71 Chi St F M & O Cs 3000 ..,.101 Chi Un Sta 4B 1000 .... 70 Chile Copper 6s 2000 .,.. -75: 5000 .... 75 8000 .... 76 3000 .... 75 35000 .... 75 5000 .... 76 1000 i . ,. 75 ,10000 .... 75 10000 . . . 75 4000 . . . 75 6000 . . ., 75 10000 .... 75 2000 i . 78 ' IOOO ,.,, 7B ' 90M J,,t 78 tOOOO mqno 10000 18000 ioooo 30000 25000 2000 2000 4onn 4000 10000 10000 5000 10000 25000 1000 25000 2000 1000 iooo 5000 1000 6000 1000 6000 20000 0000 2000 4000 12000 10000 10000 13000 20000 6000 44 44 44 , 44 44 44 41 44 44 44 44 44 44 44 44 44 44 44 44 44 44 44 44 44 44 41 44 44 44 44 45 45 45 45 45 45 L iooo . . U K of (! I loooo . . , innoo .... 11(100 ! 4000 .... i U If of (I 1 rets ot '22 , 10000 . .. I 10000 .... 2.1000 . . . 1 U K of (J ' rets of '2D 2.1000 23000 . . . 30000 .... 70000 . . . 12000 .... I snnn .10(10 .... iooo sonn .... moon . . . 17000 . .. U If of U I( & I '37 88 HH 88 80 88 89 89 89 80 80 Vi H 89 80 Vi 89 Union Pacific cv 91 0774 07 B & 96 9H 90 06 00 () ! 9(1 96 06 96 10000 2000 4000 2000 8000 90 91 91 00 90 6000 5000 10000 UOOO mono snno tooo soon 25000 1000 100(1 1000 2000 3000 Fierce Oil of '21 10000 lot Pub Her C of N .T Cs nono . . . 67 1000 . . . 57 IOOO . . . 51 Heading It It 4s 1000 .... 80 3000 .... 80 1000 .,. 80 n I Ark & I. 4Vj 1000 2000 Seah'd 2000 . Southern 1000 . 2000 . loon . iooo . 8000 . nooo . ioooo . 3000 . 1000 . 10000 . .1000 . , I. 62 62 sta 4s ..62 Pacific fd .. 74 . . 7474 . . 7,1 . . 74 . . 7B . . 74 . . 75 . 75 . 75 .. 73 74 Southern Pac cv 5s 7000 15000 13000 1S000 3000 2000 10000 2000 IOOO 00 99 09 00 99 09 99 99 99 5s Southern Pacific iooo 82 Southern Ilwyn 4s 5000 .... 61 1000 .... 61 5000 .... (11 6000 .... 01 Southern Itwys Bs 200n 8.1 2000 .... 85 Sparta 4s 10000 74 3000 , .. , 74 , 1000 . . . 84 mon .. . 81 Union Pacllln fd 2000 75 SOOO . . .75 30000 .... ,75 Union. Pacific 4s 2000 .... 83 1000 .... 83 4000 . . . 83 U Itallroads ot St V unct 4s inoo .... 25 U S Iluubcr Cs 6000 83 8000 83 10n00 .... 83 8000 83 SOOO 83 U S Stel red 5s 1000 97 U S Steel Corp 5s 1000 97 1000 .... 97 2000 .... 98 9000 97 2000 . . ... 98 V Car-Chem Co 1st 6000 04 . Vlr ny & Pow Co 5s BOOO 70 West Maryland Is 2000 .... 52 10000 .... 32 3000 : . . . 62 West Pacific III; 1st iooo .... 80 West Shore It P. Is 2000 .... 71 3000 .... 71 West U Tel 4i,is 1000 82 1000 .... 82. . Wheel & 1j E lty 4s 7000 53 Wilson Co cv UllAIN HUI.T WKATlinil FOUHCAaT Oilmen, Dec. 1. Illinois Fair ex treme south. Ilsht snow north nmlceti. tral tonlaht and Tuesday; colder Tues day, jrifsourl and lows Unsettled ! nliht nnd Tuesday, llitht snow, colder. Wisconsin. Minnesota and NVrlh Dakota Unsettled south, fair north continued cold. South Dakota. Nebraska nnd s omlna I.lKht jtnnw nnd continued cold tontithl nnd Tuesday. Knnsns Cloudy and unsettled loulKht and Tuesday, colder enet, tonight. .Montana Continued coul tculght and Tuesday, colder east tonight. Clilrapo. lVf. 1. Severe weather, ltifltl i.nonl.itu U-!tli fill. ,ilt ttlllHlltoil ominous, mixtitlnctt strength In Hie cnsli ' article nnd an advance in Iiors led ' lo free buying of com by cominUsimi , lluiuscs (oday and the market made inn- . !..i ....!.... rr..i lt1. ..(II in ill J Klllli. wui'llHKn nnr iikmi tin around.. The volume of htiidnriH win p curtailed becau-e of crippled wire scrv- I ice. . AIHioiikIi lack of fuel inny compel in- diiHtries to shut down, this factor win , mote uullh.li than heurWIl, becnut-c it will prevent addition to meaKcr stocks, ('ill's m-p scarce In the grain bedt. nnd the demand for the moving of corn tins liiiTcasPil faster than the equipment. Low temperatures are forcing increased feeding on the farms. Prices for corn In Argentine remain heavy, notwithstanding fair purchases bj foreign interests. Farmers thorp continue to offer quite freely, and un less there is a material increase in pur clui'.e for export, disposal of big rc M'l'vcw there nifty become difficult. flats also moved upward. There vas good buying by commission lionves, with one i oncern representing western in terests particularly active. Most of the selling was by local pit traders. i While tofwuiyltigs trom the country remained light, the strength in corn was the I'lilef. cause for llie buying. Import ers showed interest in heavy oats, but bids were reported til be out of line. Private cables indicated Hint Premier Hughes, of Australia, has promised to restore the open wheat market there. T.nndlriir futures rnnued H follows: Corn (new OclUcry) Sat. i Oprn Iltltll l.nv 12:00 close Dec. ...1.37 I .'ISM 1.311"; l.asi, I. ,i5i; Jan. . 1.33 1.84s 1 33 1.34 1.31 Outs Doc . . -V,, 75 73 74', 73, May . 77 77' ill ' 77 7J. l,n rd Jan. ...2.1 SO 23.9.1 23.10 t23.S 32.70 Itlbs May . 18.10 18.50 IS 37 1S43M8.15 tAsI.ed. COTTON IRREGULAR IN'EASY SESSION Near Months Higher, Late1 i Lower Liverpool Chief Seller ' of Distant Positions sono 91 1000 94 snnn .... 94 2000 .... 04 1000 04 IOOO . . , . 94 3000' .... 0t WIfson Co firsts 1000' 1000 07 07 Vi Iowa Central 4s iooo .... 38 1000 .., . 38 K C & Etouth 3s 4000 .... 56 IOuO .... 58 K C & Southern Bs 6000 .... 73 6000 .... 72' K City Term Ily 4a ,2000 .... 78 1000 .... 73 4000 .... 72 Lacka Steel C ot 60 2000O .... 93 I.. 8 & M 8 3S 2000 .... 60 Lehleh Valley 4s 2000 .... 78 Lehigh Valley 6s toon .,..ioo ' Liggett & Myers 78 IOOO ,...110 tooo ....100 High Low Lib Itond ;!',.... 1)11.1)4 Illl.Sfl Lib Itoatl 1st 4s, 1)4.10 fl.1.W) Lib Itond 2d 4s,. 1)2.(10 1)1. MO LibiHond 1st 4s 04.30 04.10 Lib Ilond 2d 4 '4 s. O2.f!0 1)1.88 Lib llond .'Id 4V4s. 04.28 DM.Ot Lib.Iloud 4th 4V,s 02.2S Ol.fU Victory Notes :is 00.02 118.1)4 Victory Notes 4-yts 00,04 08.00 1.15 p. m. 1)11.8(1 0X80 oi.:io 04.10 01.04 04.00 1)1 .8(1 118.00 08.08 NEW YORK COFFEE MARKET New York, Dec. 1. The coffee mar ket opened nt advances of 21 to ."1" points, due to nn improvement in the Brazilian sltutition. Shorts were buy ing early, together with new buying attributed to Wall street interests. It Is beliefed that there is n very substantial short interest in the specu lative coffee markets, which may bo forced to cover should 'the money and stock markets and the political situa tion become more unsettled. On the advance there was some scattered profit-tnkliiK. Speculative interests uppeared to center their uetivlties in July,' which was In good demand, selling to 15. 15c Mat. Close upen ll a.m March H.niiMHii '14,811 May 14 72073 "lB.O.I July 14.S3ni) "15.13 bepteniDer .... j-t.iuvwu -.ua J3id. DIVIDENDS DECLARED Klsk Rubber Co, quarterly 1H per cent on second preferred payable December 15 to stock of record December 1. American Iteet Sug-ar Co. quarterly SI. 50 a Bhare on preferred, payable December 31 to stock of record -December 13. International ftilt Co., quarterly 1 per cent, payabls January 1 tq stock of record December 15. Republic Oil and Iteflnlnlr Co. extra ? per cent, payable December 10 to stock ot record December I, Union Traction, semiannual of 3 per cent, payable January 1 to stock ef record De cember 10. ) Willys-Overland Co.. quarterly of $1.7.1 on preferred, payable January 1 to stock of record December 22. COTTON IIK1.T IVUATHKtt (TlNniTIONS New York. Dec I The following tem perntures were recorded In the i-nlton belt thl mornlnir: Knoxvllle and Nashville, 30: Montpnmery nnd Mscon. 30; Little Hock nnd Memphis. 38. Shreeport Okla homa City, Vlcksbunr. Aun'nto and Wil mington 40. AtlanM. 42. Pensacnla and Jacksonville. 10: Pan Antonio. Kew Or leans. Charleston nnd Ravannoh. ift: Corpus Christl, 5S, Tamna 04. nnd Onl vpeton. 00. There was .12 Inch'of precipi tation At Savannah nnd 42 at Jackson ville. I'rost nan reported lit T'ensacoln. New York. Dec. 1. Irregularity marked the opening of the cotton market this ninniing nnd first prices were from 7 to 1." points higher on near, to l"i to !!." points lower on Into months. The strength of spots nccounted for the former, while.iverpool was a leading seller of Jate positions. It was reported thnt exporters had paid .ViO points on January, in (.ialvcs ton. nnd were paying 4.ri0 on January, nt interior centers, for basis middling, 28 millimetre, ordinary staple cotton, The Tinrwl'irn.vuno estimate of 10, 012.000 littles for the crop, without linters, wns considered bearish, but was partly offset bj private reports from Kail Kiver, saying that few men had refused to report for work this morning. Later, -December was weakened by Increased pressure nnd sold lit points under .Saturday's close, but the late months held steady, and were about P0 points net lower. Tiie receipts tit. the poits for the day are estimated nt 40,000 bales, neniust flO.703 bales a week ugo ttiid 17,251 bales a year ago. Bat. Toila's close open December. .37 do 8H.IH) .lenuary ...1(1.1." K..20 March . .31.10 34. no Mnv :i'M" at ns July . . . . ,3(i.ii2 an. 7o October ..L'S.2.1 27.110 DEFAULT ON RUSSIAN LOAN Semiannual Interest Due TodayWIII Not Be Paid New Yorh, , Dec. 1. The National City. Hank announced today dhe semi annual interest due today on the Im perial ltussian Cnrermneiit five-year 5,j per cent external loan will not be paid. Default on this issue follows suspen sion of interest on the OVj per cent Imperial ltussian bonds announced sev ernt months ago. The two issues were Hunted by the National City Itank nnd other American financial institutions in the days of the Kuropeiin war. The totul issue of the 1 per cent loan amounted to about $2-1.000,000, maturing December 1, 1021. 1 1.0(1 t:30 aVJO a. m. p. m p. m. HS.OO 81.3(1 3)1.0(1 30.11 311.17 31.111 . . 31.15 Si. 1.1 32.20 o2.'.3 14. S5 13J5 ' Liverpool Cotton Liverpool, Dee. 1, Spot cotton wns quiet today, with prices Irregular, on the basis of a decline of 20 points for middling at 24.38iK Sales were 0000 bales, Heeeipts were 20,000. bales, in cluding 27)000 bales Ainerlcnn, Fit ttircg wrre steady in the early .dealings, Spot prices were; American middling, fair, 20,fi:id: good middling, 2.28d; fully middling. 25.28d: middling, 24.38d ; low middling, 22.23d good or dinary, 10.76M, ordinary, l.8.78d American Industrial Roofing Tile When fire reduced the old wing of the plant shown above, the modern fire-proof addition adjoin ing, with its American Cement Tile Roof, re mained undamaged. American Industrial Roofs are weather-proof as well as fire-proof. We , build them for every type of industrial structure. Let us solve your roofirfg . problem. C- 'Ti Wr C ementlileMfela 824 Oliver Building, Pittsburgh 60 Church St. 80 1 Otis Dldg. Nsw York Philadelphia 509 Brown-Marx Bid. Blrmlna-hau ivw Imuc $6,000,000 . The Hydraulic Steel Company , Cumulative Convertible Preferred Stock CAPITALIZATION (upon completion present financing) Authorized Outstanding 7 Cumulative Conv. Preferred Stock, par $100. . . $6,000,000 $6,000,000 Common Stock, no par value, shore 500,000 200,000 The Company will have no mortgage or funded debt. The exact number of aham to he incited trill mi'v ntitthtty acrordtng to t'tinihfr of shares of old rontpmij exchanged Each share convertible into 2 shares common stock from April- 1, 1920 to April 1, 1921 and into 2 shares thereafter. Net profits, as shown below, average $6.93 per share on new common stock (200,000 shares) for last two years after deducting dividends on this preferred stock issue. We summarize from Idler from James H. Foster, President of the Hydraulic Pressed Steel Company, as follows: The Company will own and operate four plants with buildings covering 60 acres, em ploying 3400 hands. Operations extend from production of steel ingots, bars and sheets to finished stampings such as automobile frames and parts, truck tire bases, oil barrels, steel form's for concrete construction. Unfilled orders at present on the books exceed $7,000,000. The Company's profit-sharing labor policy demonstrated its high value during the recent Steel Strike. There will be no change in control or management. -uv K Net Profits: Yrur Dt-r. :ll, 1017 $1,768,877 4.21 lnillnK June 30, I01H $2,067,323 4.92 .lime 3D, lull) $1564,887 3,72 lire, III 191(1 Net earnings after all taxes and depreciation $1,103,412 Times Preferred Dividend earned 2.62 TtaiislHon perjod from war lo peace baslj. ' ""' Restrictions provide for an annual sinking fund equal to 5 of this issue beginning January, 1922; for the maintenance of liquid assets at not less than 1 50 of current liabilities; and that no mortgage, fixed charge or lien will be created, other than pur chase money mortgages for properties hereafter acquired, without the consent of 75 of the preferred stock. Conditions: Preferred as to assets and dividends, the latter payable quarterly (Jan. I. etc.). Callable on 30 days notice at l02'2 and accrued dividends; right to convert St remains for 30 days after call. Application will be made in due course to list both the Preferred i and Common Stocks on the New York Stock Exchange When as and if issued and received by us, subject to the approval of our counsel. 100 and Accrued Dividend MONTGOMERY & CO. Philadelphia New York Ch icago FIELD, RICHARDS & CO. Cincinnati Cleveland THE BONBRIGHT-HERRICK CO. Cleveland This Information and these statistics are not guaranteed, but have been obtained from sources we believe to be accurate. We Offer, Subject lo Previous Sale: $200,000 United Kingdom of Great Britain and Ireland TEN-YEAR 5"2 CONVERTIBLE GOLD BONDS Due August 1, 1929 PRICE: 96'4 and Int., Yielding Over G THREE-YEAR 5'2 CONVERTIBLE GOLD NOTES Due November 1, 1922 PRICE: 98 and Int., Yielding About 6i4 SAMUEL K. PHILLIPS & CO. Members Philadelphia Stock Exchange 507 Chestnut Street ELMER C. PARSLY, L. FULLER PARSLY GENERAL PARTNERS JOSEPH PRIESTLEY BUTTON SPECIAL PARTNER ANNOUNCE THAT THEY HAVE FORMED A UNDER THE NAME OF CO-PARTNERSHIP PARSLY BROS. & CO. TO DEAL IN INVESTMENT SECURITIES AND TO TRANSACT A GENERAL" BROKERAGE BUSINESS IN STOCKS AND BONDS WITH OFFICES AT 1(21 CHESTNUT STREET PHILADELPHIA MEMBERS PHILADELPHIA STOCK EXCHANGE NEW YORK CORRESPONDENTS REDMOND &CO. PRIVATE WIRE SERVICE TO NEW HARTFORD, PROVIDENCE DECEMBER 1st, 1919 II YORK, PITTSBURGH, AND BOSTON A. H. WHAN & COMPANY CERTIFIED PUBLIC ACCOUNTANTS 120 BROADWAY, NEW YORK ANNOUNCE THE OPENING OF A PHILADELPHIA OFFICE IN THE , COMMERCIAL TRUST BUILDING I MR. WILLIAM H. BROWN, C. P. A. (PA.) RESIDENT MANAGER Investing for Independence How To Invest Your December Funds Send now for our extensive and greatly diversified December Offering Sheet of carefully selected securities. Consult it before you invest your December funds and learn the favorable yields of 96 of the standard and latest issufj of high-grade bonds and preferred stocks. Thousands of the leading banks, institutions, and private investors will consult this list for the placing of their current funds. Let us send it to you. The list includes : ISSUES Yleldln ... - Bboot . United States, Territorial, Federal Land Bank and War Finance Corporation Bonds 2.00 to S.00 State and Municipal Bonds 4.20 to 5.25 Foreign Government Bonds 6.00 to 8.75 Short Term Railroad, Public Utility and Industrial Bonds. . . . '. S.70 to 7.30 Railroad and Industrial Bonds 5.35 to 7,65 Public Utility Bonds 5.67 to 6.75 Realty Issue 5.50 Preferred Stocks 6.95 to 7.00 This list, containing descriptions of many attrac tive issues, will be sent on request for P. L.-S66 The National City Company """ ,0 Mlir Office: NariooilClrrBnl:BldE.'M.y. ss Msrs this it citUs . uMtf wniuii Philadelphia 1421 Chestnut St. tl.M sstlss W Telrphonr 5100 Locust ""issiw mm Btiuli Shtrt Term Nttet Preferred Sleeks ' Pressers to Ask Wage Rise . Trenton, Deo. 1. A wago Increase, ' varying from 10 to f0 per ccuf, is belli I considered by Sanitary PreriHers Iocal No. 45. National Brotherhood of Opera tivo. Potters. There nro abput 800 members of the trade in thin city, nnd nil tire now onirneed. aHbimluess is brink. 'The present rate of waged Ih about 40 per cent auove mac wnicu ooiaincu under pre-war conditions. United Drug Company Common Stock Dividend No, 13 The Directors of United Drujr Co, have declared a quarterly dividend of li on the common stock of United Drug Co. payable January 2d, 1820, to itockholders of record December lKth, 1919. JAMES V. MCCORMICK. Treasurer Boston, November Zl, 1919, MR. ELMER G. PARSLY has withdrawn trom our. Arm December 1. 1919 HARPER & TURNER Investment Bankers 10001012 Stock Exchange nulldiae Philadelphia LIBERTY BONDS All Issues fought and Sold b0 $100 $500 $1000 Graham, Parsons JfCfc 435 Chestnut SttMt V i j A 4 fi is
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