T'!''i''kit'iv.r tf VTjpmf W
EVEHItta PUBLIC LBDGEK PHILADELPHIA,' TUESDAY, DECEMBER 23, 1919
lfi
NEW ISSUE
$350,000
W. McMillan & Son
(Established 1889)
Chicago, Illinois
First Mortgage 6 Serial Gold Bonds
' ' Denominations $1,000 and $500
. Dated October ! 5, 1919
MATURITIES
$25,000
25,000
25,000
25,000
25,000
25,000
25,000
Nov.
May
Nov.
May
Nov.
May
Nov.
If
1
1,
It
1,
1,
1,
1920
1921
1921
1922
1922
1923
1923
Income
Yield.
6
6
6 V4
6V4
6
6V4
ey4
Accrued interest to be added
Price.
100
100
99.53
99.42
99.32
99.21
99.12
$25,000
25,000
25,000
25,000
25,000
25,000
25,000
May
Nov.
May
Nov.
May
Nov.
May
li
It
1,
1,
1,
1,
1,
1924
1924
1925
1925
1926
1926
1927
Price.
99.02
97.88
97.71
97.54
97.37
97.21
97.06
Income
Yield.
6V4
6
6
6Va
6V2
6
PURPOSE OF ISSUE
These bonds constitute the company's only indebtedness, other than nominal current ac
counts, and the proceeds of this bond issue will be utilized in acquiring additional quarry lands
and in providing for a material expansion oE manufacturing facilities. New business on the com
pany's books is largely in excess of its present capacity, due to the widespread activity in the
building industry.
SECURITY
Direct closed first mortgage on extensive quarry lands, together with four modern, com
pletely equipped manufacturing plants, located near Bedford and Bloomington, Indiana. These
properties have been appraised by the Coats & Burchard Company, Public Appraisers and En
gineers, at a reproductive value of $1,431,079.52 or more than four times the total bond issue.
BUSINESS
The Company has been successfully engaged for over thirty years in the quarrying, fabri
cating and marketing of Indiana Limestone,' known as the "Aristocrat of Building Materials," and
the product of its quarries has been used in the construction of many well-known public and private
building projects throughout the United States and Canada. Among the better known examples
are the new Union Passenger Terminal at Kansas City, the Metropolitan Museum of Art and
the Hotel Commodore at New York, the Auditorium Hotel and the Public Library at Chicago,
and the U. S. Post Office and Customs House and the Detroit Athletic Club at Detroit. The
Company's product has been largely used in building enterprises throughout the East, some of
the projects in and near Philadelphia with which it has been identified being the new Broadway.
Trust Company Building at Camden, New Jersey, the Western National Bank and Polytechnic Insti
tute at Baltimore, and the Corn Exchange National Bank, the Frankford and West Philadelphia High
Schools and the Liggett Memorial and Richardson Memorial Presbyterian churches at Philadelphia.
EARNINGS
The Company's earning power has been consistently demonstrated throughout the entire
period since the inception of the business in 188D, and net earnings for the years from 1903 to 1917,
inclusive, were annually in excess of three times the interest requirements of this bond issue. On
the basis of the business now on the Company's bjoks which is showing a steady increase net
earnings are at the rate of over seven times tho maximum bond interest requirements.
MANAGEMENT
The Company's affairs will continue under the same competent and experienced manage
ment which has been successful in the development of the business for many years and which has
built up a capable and aggressive organization numbering approximately 350 individuals.
Detailed Descriptive Circulars on Request f
Hymey, Emerson & Co.
Municipal and Corporation Bonds
39 South La Salle Street Chicago
N OTHER new financial and protective organization has
been added to the many reliable institutions of
Philadelphia. The old Fire Association of Phila
delphia has given its Policyholders dependable in
demnity from loss by fire for more than one hun
dred years, and owing to its faithful service has become one of the
leading fire insurance companies of this country, and in order to
care for its largely increased business it has organized a new in
surance company, under the auspices of the Fire Association, with
$500,000.00 Capital and $500,000.00 Surplus, called the
VICTORY INSURANCE COMPANY
OF PHILADELPHIA
The entire stock of the new company has been largely over
subscribed, and it has invested its entire capital jn the Victory
424s United States bonds.
The entire promotion expense of this company amounted to
only about seven one-hundredths of one per cent, while in many
other organizations of a similar kind it has cost the stockholders
from twenty to twenty-five per cent promotion expenses.
It will be prepared to do business over the entire country on
the first of January, and it has already a large business awaiting
it, and with the management and prestige of the Fire Association,
its success is assured.
Home Office
FIRE ASSOCIATION BUILDING .
4th anfl Walnut Streets
Philadelphia
E. C. Irvln, President M. G. Garrigues, Secretary
NEW YORK BOND TRANSACTIONS
Adams Express
3000 .... OS
Alb & Pus nnstts
1000O .... 73
Am AJC & C C D 6s
2000 .... 0Ut
7000 .... 88
Am S & P-ef Co 6s
10000 .... "V4
BOOO .... 8V4
Am Tel & Tel clt
15O00 .. "
7000 .... 77H
1000 .... 77
8000 .... 77
3000 .... 77
Am Tel & Tel 6
100Q .
8000 .
S00O .
4000 .
m Tel
1000 .
2000 .
3000 ,
2000 ,
1000
70
70
80
70
T"l S
08
08
98
08
08
1000 .... "",.
Am Tobacco Co ell
11000 ..- "
Xnclo-Freiich 8
05 7
06
06
06
08
05
06
05
05
05
05 7
05
03
05
3000 .... .11
16000 31
10000 .... 31
(.'hi U & Q neb
8000 01
Chi n & Qulncy Km
10000 .... 70
Chi H & Q II 34l
26000 .... 73
2000 .... 73
2000 78
2000 .... 74
Chi B & Q 11 4
7000 .... 82
phi 11 & Qulncy t
1000O .... 04
12000 .... 01
1100O .... 06
4300 .... 01
1000 .... 04
Chi & Grt West 4s
2000
200O
10000
6000
1000
3000
200O
S000
51
62
51
51
52
63
62
52
Wo Offer
$75,000
City of Phila.
4s
Coupon
, Due 1946
Price 08 and interest
Biddle & Henry
104-South Fifth Street
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
lia EEAi, ESTATE TBUHT ISLDO.
IsvuIuhU and adjiut .MurmenuiB nd
earwrmUjia arcaBnta, AIM PMPWB O. ft.
Uhbbm T
Lake Superior Income 6n. 1024
St. Joeih Kw7.,,I,t II. & I 6s. 1037
Kansas City 'das S, 1022
TtnnrMte rower 5s. 198S
Soranton Elec. 6s, 1037
l'hllo. Nub. (las & Eire. 6s. 1060
West I'enn rower 6s, 1058
Cltltens L. II. & P. (JohnMown) 8s, 1931
American 1'. & Lt. 6s. 2010
HENRY D. BOENNINQ & CO.
stock ExrnANOE nuii.niNO
IJIrwt PrlTata Telephone to Nsw York
Mrmhrra I'hlla. Mock Exchange
United Klntdom Gt. Brit, ti I...6s, 1020
Union Hallway. Gas li Klectrlo Co,. 8s, 1080
Public. Service Corporation N. J.,.. 7s, 1023
Consolidated Traction Co. of N. J..,6s, 1833
West Fenn Pwr. Co. First Mortraie.Si, 1016
Market Street Elevated 1'ass. Bwr..4i, 1055
Indiana. Columbus A East. Traction. 6s, 1920
Terre Haute, Indianapolis A B. Tr,, 6a, 1015
Indianapolis, CravT'vllle A Danville, ,6s, 1062
I.eh. Vnli R B. General Con so I 4M, .2003
Empire (1. & F. Co. Collnt. Trust.. 6, 1020
Tailor Wharton Ir. & Nil. Co. rirnt.fi, 10(2
I'hlla. A Erie K. II. General.. . . ,4-B,, IMO
Keadlni Co. Jersey Centra) Collat, ,4s, 1061
Ueadlni Co., 1', & R. Coal 4 Iron, ,4s, 1007
SAMUEL K. PHILLIPS & CO.
rfflflh?MM
Members rhila
mil
8000
2000
8000
8000
1000
4000
2000
6000
2000
fiOOO
8000
20000
2000
20000
20000
trmour & Co 4Va
aooo ... y
8000 ..." 87
tch T 4 S
13000 ....
2000
V adj
ns
68
3000
60
A T &SK cv 4" '60
1000 .... 88
Atch T & S F cv 4
18000 .... 1'V
i , ih Ton liS b
41
1000 ...
2000 . . .
3000 ...
1000 . . .
2000 ..
8000 . .
400O ..
Atl Coast
2000 ..
0000 .
8000 . .
8000
WE RECOMMMEND
Rock Island. Ark. &
La. R. R.
1st 4 1-2 Gold Bonds
Duo March, 1934
Guaranteed principal and interest
by Chicago, Rock Island and Pacific
Rwy. Co., by endorsement.
Direct first mortgage on important
mileage. Price range: high 96
low 54.
Selling on New Yorkr Stock Ex
change at about GO yt to yield about
9.60.
Orders executed at the market.
Carstairs & Co.
Jlembers Philadelphia and
New York Stock Exchange
1419 Walnut Street
71 Broadway, Nj .Y,
77
. 77
. 77
. 77
. 77
. 77
. 77
Line 4s
. 77
. 77
. 77
. 77
CM M & St V OV 4 V,
81
04
08
61
04
04
04
63
63
03
01
04
01
04
4000
11000
2000
1000
1000
8000
1000
12000
10000
1000
8000
12000
13000
10000
Inter Met Co t 4Hs
10000 .... 16
10000 .... 10
10000 .... 10
6000 .... 10
10000 .... 16
lnterb Met Co 4Mb
10000
20000
61)00
13000
3000
3000
8000
n & o fiu u
W Va System 4s
8000 .... sVi
3000 .... BV4
18000 .... 6
Raltlmore & Ohio cv
10060
ioooo
88000
2000
20000
2000
3000
2000
8000
2000
8000
1000
10000
6000
looo
4000
1000
8000
8000
6000
6000
1000
18000
60
60
60
68
68
80
60
6H
88
68
88
88
88
60
60
58
68
68
88
80
68
80
60
Bait & Ohio 39
6000 .... 81
3000 ... '
8000 .... 1
0000 .... 81..
0000 .... 81
innoo .... 81
Baltimore & Ohio 4s
1000 .... 66
2000 .... 64
10000 .... 64
14000 .... 66
3000 .... 4
3000 .... 64
8000 04
8000 .... 3
10000 .... 8
6000 .... 63
Baltimore & Ohio 6s
8000 .... 00
1000 .... 00
8000 .... 69
8000 .... 01
1000 ... 01
8000 .... 61
8000 .... 61
10000 81.
10000 .... 61
4000 .... 01
12000 .... 60
6000 .... 60
18000 .... 1
6000 .... 01
1000O 01
Baltimore & Ohio 8a
6000 .... 86
2000 .... 80
18000 .... 86
10000 .... 86
10000 .... 88
Beth Steel 5s of '38
1000 .... 88
4000 .... 84
1000 88
Braden Copper M 6s
3000 .... 00
Brk Bap Trans 6s
8000 .... 33
7000 .... 33
Brk K Trans ct 7b
8000 .... 46
14000 .... 47
18000 .... 47
4000 .... 46
88000 44
Bk Hap T ct Sta 7s
1000 .... 48
26000 .... 43
Brk Rapid Trans 7.
2000 .... 48
10000 .... 48
Brook Un Kiev 1st
oooo io
1U00 .... 60
1000 00
Bush Terminal 6b
looo .... 70
Bush Terminal 6s
8000 .... 03
Cent ol Georgia 6s
2000 .... 03
Central Leather 6s
3000 .... 08
Central Pacific 1st
2000 .... 78
2000 .... 75
Central Pacific 3b
3000 .... 81
Ceil R R o! N' J 8s
2000 ....100
1000 ....100
Ches & Ohio 4H
Chi M & St P cv 5s
08
04
64
(It
01
64
04
Chi M ei tit 1' l
8000 .... 88
Chi M & tft I' ' i I Va
2000 .... 86
0000 .... 86
1000 60
6000 .... 80
Chi Mil & St 1' 4S
200(1 .... 06
C M & St I Km 4Vi
8000 .... 74
.100(1 .... 74
2000 .... 78
C M & I s fly 4s
8000 .... 03
Chi M & P S Ry 53
1000 .... 4
Chi & X West em
sooa, .... 77
1000 .... 77
7000 .... 77
1000 .... 77
Chi H I & Pacific fd
3000
6000
6000
1000
6000
700O
4000
2000
72
72
72
72
72
72
72
72
Ches & Ohio cv 4V4s
2000 .... 74
10000 .... 73
10000 73
1000 .... 73
Cha A Ohio cv 5s
4000
10000
6000
10000
6000
1000
8000
2000
2000
10000
ioooo
7000
78
78
78
78
78
78
78
78
78
78
78
78
Chi Ac Alton '4s
10000. ,,,. 31
10000 .... Sl(
8000
8000
13000
20000
2000
200(1
0000
2000
1000
07
07
60
08
06
06
6
60
60
Chi & West Iml 48
8000 67
Chi Union Sta 4 Vis
1000 81
Chile Copper Co 6s
28000 .... 81
47000 .... 80
3000 .... 80
3000 .... 80
2000 .... 80
10000 ... 80
Chile Copper 7
10000 108
1000 ..,.100
10000 .... 108
10000 ....108
C Q Hu.Kang U 5s
1000 48
City of Lyons Gs
8000 .... 02
C of N' V 4s of 58
2000 .... 80
C of K Y 4s of 59
2000 .... 80
10000 .... 8!!
8000 .... 89
C of N' Y 4 Vi of 60
1000 ,.. . 93
C of N Y 4Ub of 64
2000 .... 114
C of NY 4 Vis of 67
10000 08
City of Paris 6s
6000 .... 02
20000 .... 92
2000 92
23000 .... 02
8000 92
8000 . . . 03
City of Toklo 5s
1000 87
1000 87
Colo & Sou Rly 4s
10000 .... 83
1000 83
2000 83
Colo &SO Rwy 4 Vis
2000 .... 73
Consol'd Gas Co cv
2000 .... 00
18000 .... 00
Del & Hud Canal fd
1000 70
Den Rio Grnnd Is
3000 '63
Den & Rio Grand 5s
1000 70
Det Tunnel 4 Vis
34000 73
1000 73
Dom of Canada '21
8000 97
8000 .... 07
Dom of Canada '31
8000 91
1000 .... 91
2000 91
Erie R R Pa Is
28000 .... 80
Erlo Rail Road
oooo . .
4000 . .
12000 . .
1000 ..
1000
4s
82
32
53
32
32
10000
1000
6000
2000
OOOO
6000
10000
3000
10000
8000
7000
7000
6000
23000
10000
10000
1000
16
16
16
17
10
16
16
18
16
10
18
10
16
16
18
16
18
Ira ltap Transit fd
Brio Rail Rd v B
6000 .... 38
Erin Rail RJ cv D
11000 .. 37
11000 37
10000 37
1O000 87
20000 .... 38
1000 .... 37
Erie R R ltt en
1000 .... 07
Great North Ry lat
2000 82
1000 82
10000 83
Hocking Valley 4Vi
3000 68
3000 68
Hudson & Man fd
6000 .... 67
18000 .... 67
8000 87
III iVnt 4b of 5J
4000 70
6000 . . . 69
Illinois Central 5V4
looo .... 02
8000 . .'. . 92
III Steel Co 4 ,i
10000 82
10000 82
8000 83
Imp .Tap. Gov't 1st
3000 .... 78
Imp Jap Gt 3d gs
2000 78
2000 76
I J G 2nd Ene Sta
6000 .... 78
6000 .... 79
8000 .... 78
15000 78
Imp .Tap Govt 4s
100O .... 71
Indiana Steel Co 5s
2000 .... 93
In Mer Marine 6s
6000 ..,. 03
.10000 ..,, 8
IOOOO .... 98
8000 .
1000
2000 .
10000
20000
8000
20000
2000
1000
21000
2000
8000
2000
2000
1000
6000
10000
6000
6000
0000
ioooo
62000
OOOO
eooo
4000
7000
8000
BOOO
2001)
10000
28000
8000
2000
3000
BOOO
25000
25000
4000
12000
3000
8000
8000
1000
1000
14000
3000
13000
1000 .... 79
N 1 Telephones 6s
7000 05
N Y W C & H 4Vi
1000 .... 30
6000 .... 38
Norf & Western Is
10000 .... 77
6000 .... 77
6000 .... 77
Nor & West cv 6s
2000 103
10000 103
10000 103
6000 103
Northern Pacific 3s
1000 .... 711
1000 .... 54
0000 84
1000 .... 64
Northern Pacific 4s
51
31
61
81
61
51
81
61
81
81
61
81
61
81
61
81
61
61
81
51
82
81
62
62
51
82
81
82
62
81
81
51
81
51
61
81
51
51
51
51
51
31
51
81
81
81
61
Iowa 'lentral RR 4i
4001) .... 38
2000 .... 36
K C Ft S & M 4J
10000 64
Kan C & South 3s
1000 84
Kansaa City So Cs
4000 .... 72
8000 .... 72
10000 .... 72
2000 .... 72
BOOO .... 72
2000 .... 72
K City Ter Rly 4s
8000 71
Koxvllle & Ohio 1st
looo ....loo
Lack Steel Co of 58
6000 .... 08
L S & M S 34s
3000 .... 60
1000 00
I. S & Mich 4s '28
10000 .... 81
I, S i SI S l u
BOOO .... 82
18000 .... 82
Lehluh Valley Co 4s
6000 .... 70
LehlBh Valley Co 6s
8000 ....100
1000 100
Lex & East 5s
8000 85
LlKRett & Myers 6s
2000 .... 86
LlKRett & Myers 7s
1000 110
Lorlllard Co 7s
8000 ....108
Man Ele Ry Sta Is
2000 .... 87
6000 .... 67
3000 57
Manhattan Rwy 4s
2000 .... 68
1000 67
Mldvalo Steel Co 5s
6000
0000
1000
6000
10000
8000
400O
2000
70
70
76
76
76
70
77
70
No States Power 6s
4000 82
Ore & Call R R 5s
2000 .... 03
Ore Vah RR Co 4
Nav Co 4 s
1000 .... 00
10000 .... 09
Orcpon Short L 4s
3000 .... 82
Orson Short L 6s
OOOO .... 9,0
Tae Gas & K Co 5s
2000 81
Tactile Tel ft Tel 5s
3000 .... 83
2000 .... 83
Pennsylvania RIl r,
5000 .... 00
2000 .... 00
10000 .... 90
20000 90
5000 .... 90 Vi
6000 .... 00
1000O .... 90
1000
14000
24000
6000
8000
8000
12000
16000
OS
94
91
04
94
01
04
94
U K ol O B U7
0000
13000
9000
25000
10000
1000
10000
36000
18000
20000
2000
9000
1000
2000
3000
12000
2000
1000
2000
3000
3000
13000
0000
34000
11000
4000
1000
3000
20000
12000
10000
10000
13000
87
87
87
87
87
87
87
87
87
87
87
86
80
87
H7
87
87 Vi
87
87
87
87 Vi
87
87
87
87
87
87
86
87
87
87
87
86
Penna'R R gm 4H
400O
8000
2000
15000
15(100
2000
3000
84
82
83
83
82
82
82
Minn & St Louis 4s
1000 30
1000 3(1
12000 .... 36
Minn St P & Sault
Ste Mario Ry 4s
2000 .... 80
Mo Knns & Tex fd
, oooo .... 30
Mo ICan & Tex 4s
6000 .... 68
Mo Pacific Gs "' 28
2000 .... 86
Mn Pacific cm 4s
4000 ...
1000 ...
8000 . . .
1IO0O ...
2000 ...
Mr 'Yw
BOOO .... 84
N O Tex i Mex 5s
2000 63
N O Tex & Mex 6s
3000 .... 04
N Y C & H It R 3
1000 .... 07
2000 08
N v r & Hit t'-R 4s
8000 .... 70
V 'N " & H R R 4H
1000 70-
1000 70
1000 .... 70
N vc & H R RR 6s
57
37
67
87
87
!
5000
30000
3(100
0000
18000
20000
2000
8000
21000
60000
9000
2000
23000
5000
6000
90
90
90 Vi
00
90
00
90
90
00
89
90
00
90
00
90
K Y Cent L S IS
1000 00
8000 00
N Y c & st li n 4a
1000 .... 66
N Y Gas i Elec L
H & Power Co 5s
1000 61..
6000 81
NY NH & HR R 6s
6000 06
2000 00
N Y Ont & West 4s
1000 80
V v Rwys Ct 4
10000 30
N Y Railways ct 6s
10000 .... 7
2000 .... 7
!w York Rwys 6
6000 ....
4000 .... 0
2000 .... 7
N Telephone s
11000
oooo
11000
3000
4000
5000
1090
80
80
80
70
70
68
70
8(100
12000
8000
2000
10000
8000
2000
7000
2000
10000
2000
8000
18000
81 Vi
81
81
81
81
81
81
8t
81
81
81
81
81
5
Prre Marquette
0000 86
1000 .... 83
87000 .... 84
Pph Ser C of N J 6s
6000 .... 58
Uradlne R R 4s
Union Pacific lilt cv
30001) .... 85. .
6001) .... 83
5000 .... 88
30000 83
Union Pacific RR fd
10000 .... 77
8000 .... 77
BOOO 77
SHOO .... 77
3000 77
Union racillc Rll 4
2000 83
7000 83
8000
6000
1000
8000
4000
83
83
83
84
81
U 8 Rubber Co Cs
1000 .... 8(1
6000 .... 86
1000 .... 86. .
100O 86
6000 80
U S rt M & R Co 63
1000 v ..106
U Steel Corp 5s
10000
13000
1000
10000
4000
oooo
1000
1000
25000
97
07
97
97
07
07
97
97
07
Vlr lly & Pow Co 6r
1000 .... 70
Virginia Rwys 5s
200O .... 83
2000 .... 84
6000 .... 83
Wabash It It Co 1st
6000 .... 89
1000 .... 89
1000 .... 80
WiRi rn Elec rlf Es
4000 00
West Maryland 4s
10000 .... 48
18000 .... 47
5000 .... 48
400O 48
W Pacific Hit 1st
1000 81
AVeat Shore It R 4s
4000 . . . 72
West Union T I'.is
BOOO .... 80
Wilton Company cv
6000 .... 03
1000 .... 95
1000 .... 03
2000 05
Wilton Company 1st
2000 07
4000 .... 07',;
2000 96
BOOO
4000
1000
1000
3000
1000
BOOO
8000
1S000
70
79
79
79
78
79
78
79
79
Hep Iron & S Co 3s
2000 .... 01
SenbM A L sta 4?
18000 00
Seaboard Air L a)
1000 35
8000 .... 33
10000 .... 33
5000 .... 33
0000 .... 35
Senhoard Air 1. fd
1000 .... 3A
0000 .... 38
5000 .... 38
4000 .... 38
4000 .... 88
BOOO 88
S V & New Ensr Is'
2000 .... 78
Southern Pacific fd
1000
ioooo
5000
BOOO
46000
5000
1000
18000
70
76
70
70
70
70
70
70
South Pacific cv 4s
10000 .... 70
BOOO 70
10000 .... 7B
5000 .... 78
South Pacific cv 4Vi
6000 .... 64
Southern Railys 4n
2000 .... 60
0000 80
BOO0O .... S9 Ti
37000 no
2000 fl
Southern Itallys 5s
1000 83
2000 .... 83
St I. I M So Ry 4s
B00O .... 74
8t L I M S Rt7
Gulf Dlv 4
3000 .... 08
St T. & San Fran aj
1000O .... 89
10000 .... 69
4000 . ... . 58
3000 . .'. . 50
2000 .... 68
1000 .... 58
?t t, ft San Fran In
10000 .... 42
2000 .... 42
10000 .... 43
1000 42
St I. li San Fran A
6000
12000
3000
6000
30000
4000
4000
60000
10000
67
37
87
87
57
87
87
57
87
St 1 ft San Fran B
2000 .... '00
4000 .... 09
St I S Wrtit 5s
1000 .... 60
2000 .... 57
St P Mln & M 4 Vis
1000 .... 00
Tenn Coal. Iron &
R R Co 5s cm
1000 .... 01
Texas Companv 6s
6000 103
Tex & Pac Hy 1st
2000 .... 84
2000 83
10000 .... 83
T St I. & West 4s
10000 .... 44
Third Ave Rwv adj
6000 . . .
3000 . . .
10000 ...
6000 . . .
3000 ...
13000 . . .
Third Ave
6000 . . .
6000
2000
27
. 27
27
27
. 27
27 Vi
Rly 4s
. 48
40
49
U K of G B & 1 21
25000
10000
3000
15000
10000
1000
6000
8000
2000
08
08
88
08
05
95
95
95
05
Untd KpfODil
or '22
250000
100000
10000
9000
5000
3000
1000
II K ol G
rets of '39
loop ....
500(&fr,..
1006W1
06
00
96
96
96
96
86
B &
Lib is ;ti,s
Lib II 1st -la....
Lib II 2tl -Is....
Lib 15 1st -IMS.
Lib 15 LM 4,s.
Lib 15 8il -lMs... IKI.W
Lib 15 4th -IMS... !ll.r,0
Vic N .TVJb 11S.1I0
Vic N '1:,'48 1I8.S8
05
94
04
HlBh
im.o.s
1)2.80
oi.au
03.24
1)1.48
Low
oo.oo
02.80
01.10
0:5.22
1)1.10
o:5..'to
1)1.20
0S.BI
0S.S4
1:15
p.m.
00.00
02.80
01.10
015.24
01.22
!).'5.30
01.20
08.00
08.88
STIFF MONEY RATES
INDUCE CORN SALES
Improved Cash Position Also
' Factor in Sending Market
Off After Firmness
chain nni.T M'KATitnr. rnnnrART
OilcnKO, Dee. 23 Illinois Clomlv and
uni.tlliMl tonlKht find WMnemlav Mlsnnurl
nnd Wisconsin tlnsMtlril. rokW tonlttht:
NV.Insd" fa'r Mlnnsnta nnd North
Dakota Unsettled tonluht and Wednes
day, nrobably snow Iown Kulr tontsht
snd Wertnesdiiy. colder northeast tonight.
South Dikota t-Nlr lonlrht nnd probiMv
Wednesday, colder northeast Montana
fair tonlffht nnd Wednesday rrnhabty rain
or snow northwest. Nebraska, Kunsia and
WiomlnB Fair tonight and probably Wed
nesday, Chtratrn. Doc. 2.'!. Stiff rates for
money nt Now York nnd 11 softer tone in
the eahh article induced spiling of corn
todny nnd sent the market off uftcr it
hail become firm following an easier
start.
The initial decline wns due to further
losses in hogs, but bulls were not in -1
clincd to desert their positions. Good
Big Earnings Shown
by Candy Companies
Earnings
as High as
25
on the
Common
Send for
Analytical
Folder on
Candy and
Sugar Situation
A S3
Realizing the effect of 'prohibi
tion on the already enormous
groioth of candy businesses, the
eyes of the investment world are
now focused on the candy and
sugar interests as investment
possibilities.
Already one company, whose issues
we control, is showing earnings of
over tivenly-fivc per cent on the com
mon after all tax deductions. And
other old line companies are report
ing similar results.
To answer the numerous inquiries
from investors we, as specialists in
candy and sugar issues, have prepared
an analytical and authoritative folder
on the candy and sugar industries
which will be sent free upon request.
This folder is of most timely interest
noiv.
I
F. A. BREWER & CO.
Specialists in Candy and Sugar Issues
208 South LaSalle Street Chicago
Tne Market for
5 French V ictory Bonds
Never before has it taken so many French francs
to buy an American dollar. For this reason dollars
will purchase French securities in the French
markets on remarkably favorable terms.
For example, should exchange return to normal the
5 French Victory Bonds would show a profit of
about 100 even if there were no increase in the
market prices here or abroad for the bonds.
It is so unusual to purchase a safe government
bond yielding a fixed rate of return which offers
such attractive speculative possibilities that we in
vite requests for further information contained in
our Circular Letter No. E-55.
Chandler & Company
INCORPORATED
New York
Franklin Bank Bldg.
Philadelphia
Boston
buying developed nnd shorts covered.
This led to the reaching of some tann
ics orders to purchase. Disappointing
receipts, owing to 11 inck of rolling
stock, brought about tile demand that
caued the upturn.
Offerings from the coimtrr were
larger, and line elevators were reported
to be full in many instances. The crop
is known to be large nnd of exeellent
quality, but the fact remains that the
grain is not where it will sutisfy Chi
cago contracts. Toward the end the
feeling was more bearish.
Oats also receded lifter having ex
hibited strcni'th on buying influenced by
sales nf 200,(100 bushels here nnd of
100.000 bushels at outside points to ex
porters. Selling increased in the after
noon. The culi article wns easier, not
withstanding light receipts:.
It was said that the movement of
corn was being given preference over
oats. About 100.0QO bushel of rye were
sold for export nt 11 cents over May
here, track New York, or the highest
premium on the crop.
I?adtnff futures ransed ns follows:
,-orn (new dellvervl
upen tunn
llec. .... 1.44'4
Jon 1.30 I
Close
l.-HW
I.ow
1 4:'.i
ill'. J..". . 1.1.1 1..HI".
jlay l.aa'.i 1.1!3V l.aa'i l.a;j'.ii
M.i'"f77. S2?i 'i S24 S'J'i
.IlllV
Turk
Jan
May
I.ard
Jan. ....-'3. 3.-.
Mav ....L'l.iO
lllbs
Jan. ...-
Jlay ...ju.-u
Uld.
Vet.
clow;
1.44
1.30?.
Si'.
lllllllllllllllllllllllllllllllllllllllllllllilllilllllllllllllllllillllllllllllllllllllllllllllll
1 Valuable suggestions
I for investors
s If you have idle funds, send for our December Bond
5 Letter. It contains a carefully selected list of invest-
j mentspicked for their safety and high yield.
If you are interested in investments, write tis and we
shall see that our monthly Bond Letter reaches you regu-
larly.
EST S 8.
M. in
4.0
37.110 37. .id :17.!1C1 :i7.:i. . -
37. IS S(1.S3 .17.1.1 Mil. "." I
2.1.11 L'.l .12 -J3 1(1
23.111 24.10 21.20 ! 'ST Y a'
IS 77 1S.73 H I
111.20 lu.22 b A fetaSO
1417 CHESTNUT STREET
Members
New York Stock Exrlmnge
riiiludelnbla Hoik Kxrhunce
We alwajN Huve on Hum a I.tst of Iticll-Orude Honda
CorrfPondriHe Imllrd
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 m 1 1 1 1 1 n 1 i 1 n 1 1 1 1 1 1 1 1 u 1 1 1 1 1 1 1 1 1 1 mi 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 n n 1 1 1 n 1 1 1 1 1 1 1 1 n 1 1 1 1 1 1 1 1 rg 1
1R.77
10.211
1S.72
ID. 00
NEW YORK COFFEE MARKET
New York, Dee. '-''. The coffee fu
ture market opened dull, with only one
lot of May traded in 011 the call. Kirst
prices were '2 to fi points above tho pre
vious close.
Official cables from Brazil were again
delayed, but private advices said that
the Bin market was l.'.O reis higher nnd
an advance in ltio exchange on London
of d.
The market was still without official
advices from Brazil up to midday. The
volume of business during the morning
was too small to suggest any specia'
broadening, although prices ruled
steady, January selling at 14. 70e.
March at lo.l'Je. May at 15..'10e, or 2 to
0 points above the previous close.
Posslhlv some of the scattered buying
was on the expectation of an impiove-
incut of spot demand after the turn of
tho year and reports yesterday that
some of the Brazilian shippers were
asking higher cost and freight prices.
Yes Clostft Open 11 a.m.
xfHrrh lr.ooviio -1.1. u.t in 1
May . IS 24 2T
July 1.1 4r 4S
Bentembcr JS.2030
Bid
Charters Filed
Dover, Del., Dec. 23. Charters filed
here todny were: Livingstone I'etro
leum Corporation, to drill for and pro
duce oil nnd its products, etc.. $100.
000.000: T. I. Croteau, 11. K. Knox.
S. R. Dill, local YVilminctou. Del. in
corporators. Mcriure's Magazine, Inc..
New York, $10,105,000. to publish
magazines, (tc. : (J. V. Beillv, It. K.
Thistle, II. ( Hand, all of New York.
Increase In capital stock of Mi"er Hotel
Co.. Davenport, Iowa, from ?2.000,000
to $5,000,000.
Liberty
All Issues
Bought and Sold
$50 $100 $500 $1000
Graham. Parsons &Cq.
M5 CHESTNUT STREET
Philadelphia
nm iimi .MMMwMMm..... rrr-TTBMwimw m j paw
Jr INSURANCE
1.1.2(1
11 in
15 32
A Little
Girl Guessed
It
On of our UMitirpiIit wbo bail liml
iieeblent wan rrhitlii? to Ms In in IK
an automobile
': , , '"' '. ihiiiiiv ,01 experience
nnil tbe iiulik iiilliiHtmnit lie rrielrrd ut our bands
Wlien lie liml llnlhbeil lilx elei en.j eur-nlil daushter
salilt "rindille Mr. I.uttu mint be In business ju,t
to net follm out of trouble." J,H us help joii.
u.
.arris
PENNSYLVANIA BLDG
Locust 578
J.L
atta
PHILADELPHIA.
Race 3432
1I1QII QUALITY QUICK 8EIIVICI'.
Motor Truck ueitvcry
Lansdale Foundry Co.
(.ansdalr, r. I'aone I.amdale 40c
II III HIIIIIH IIIIHIIIIlllllllllll
en
mm
wit p "" iK
IP M
1 WtwtffiiMitamtMm
SweetbSBCK
WALL BOARD
The ordinary wall board, ma?e of wood pulp,
can be Ignited with one match. But try a match
on Sheetrock It's made of eypsum, the most
fire resistive building material known. And
when lt'B put It stays put; It won't warp, shrink
or buckle. Toueh and rigid, yet easily cut and
nailed. Ask for sample,
JAMES E. TAGUE & CO.
10th & Columbia Aye. ) mm
'
"m
A
v
a
'. s
1
I
' s
i
1?
U
ti .