tFBrF-SStt ww '' yffmmjf yffr " w ""n"U TO-rpr -': EVENING PUBLIC LEDGER-PHILADELPHIA", MONDAY, DECEMBER 20, 1919 B imiHiitiiiimiiiiiimmimiiiimmmi'j: BUSINESS NOTES PHILADELPHIA MARKETS INSURANCE AGAINST Ej Riot & Civil Commotion 5 Commercial Union Aaturanco Co. and Queen Inauranco Co. of America E WILLIAMS & WALTON S -416.420 Walnut St., I'hila. 5 liiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiin 1817 1910 rire Association OF PHILADELPHIA N. W. Cor. 4th & Walnut has Blven Its policy holders Bolld Indemnity for more than ono hundrec j,ears and has never been so strong financially as now Have you a policy In this old and reliable Company? CHARTER PERPETUAL c FINANCIAL TIIK AMKIUdX G.V C0M1UJ "NX YKAR T7c SKCUKI.I C.OI.l, MITKS IlLfc JUNI! I. io:. Notice Is hereby Riven that lenders are Invited of the uboce notes fop nhIi mid d livery to nn amount sufficient to absorb tGSl 000 which the trustee nan been notified will ha paid to It by The Anierlrnli Cms Company for the withdrawal of the slock nf th Philadelphia Suburban O is and Klectrh Company held with the collateral under deed of Trust dated June L' 101 0, from The American Gas Company to Merchants' Union Trust Company Sealed tenders stitlnc numbers of notes offered, addressed to Merchants l'nlon Trust Company, trustee nf The Amerlcnn tins Com- ?any. One Year 7 Secured Gold Noten 71.1 17 Chestnut street Philadelphia. I'ennsvl vanla will be received until It a m on Janury 2. 11)20 Trustee reaenes the rlKht to rvject anv and all bids hs It deems Lest MERCHANTS' UNION TIIUST COMl'VNV, JOHN S IltORllN . . President IHB AMKR1CAN HAS rOMl'WV 5 COU IjATKKAI. TKITVT CON VIIRTIUI.L fiOLI) nt)NI)S HUE JUNK 1. ID20. Notice is hereby Blven that tenders aro In lted of tire aboe bonds for sle and rie livery to an -amount sufficient to absorb 1850,000. which the trustee hds been notltlcd will be raid to It n The American Gas Company for the withdrawal of the stock of the Philadelphia Suburban Gas and lHertrlc Company, held with thu (ollaliral under deed of trust dated June 1 1!)io from The American Gaa Company io .Merchants' Trust Company. Sealed tenders statin,? numbers and de nominations of bonds offered addressed to Merchants' Union Trust Oompanv, trustee of The American Ons Company .1 Colli leral Trust Bonds 71ti-717 Chestnut s'reet Phlla delpnta. PennsHanla will he rofelved until 11 u. m on January 2 1020 Trustee re serves the rliht to reject any and all bids na it deems best ilEHCJIANra' UNION TWIST COMPANY JOHN S p,Tortr:.v President GRAIN AND FLOUR vVllKAT necelnts, 27-'00t bush Tho market was unchanired Quotation! Car lots. In export eleatnr, oerniuent step ilard Inspection No. 1 red winter JJ.H. No 1 northern snrlnir. t. 30. No 1 hard winter .' 3'i No 1 red winter, .carllcav, tl 37. No 1 red smutty 12 3U No 1 red. aarllcky and smuttv 12,34 The United States Grain Corporations purchases of nheat are based en the follow Inar schedule of discounts No 2 wheat 3c under No 1. No. .1, Oo under No l No 4 ltic under No 1 No ft, 14e under N'o. 1. COltN He clnte. RIM bush The market ruled a shade easier v. lilt trade nlllrt We nuote neu ellocv. as to rihcIc and locution at II fiUM 02, OATC He edits 10 Hid bush Trade was oulet but twites ruled eUadv Oaotntlnns Car lots as to levatlon No 2 w lilt 04V. ft n.v No 3 Hlilte. UJi, J04l. No 4 white, ojn, wine KI.Ol'Jl Iterelptli 1 7S2 207 lbs. In a irks Ttade was qule' but mill limits ruled firm Quotations I'r 10(1 lbs packed 111 140-lb Jute ssoks Soft winter stralch western 110 '.orail. do, do neirlvt tin tofl In All hard wintrr stralaht tlll(M3 2.1 do, short patent tlinofMI sprlna Oist clear. $1" ". Win 2'. do pttitit till" 14 "0. do short pnt'ni ill I0W 1". ID fancy siirlmt and city ml'ls tuitent fanill brands JlSffMft 3" ItYH rr.ottn. was quiet but firm We cuotc 10 7301112.-1 per bbl In tacks as to quality PROVISIONS Trade una quiet and larpelv of a Jobbing character but nrlcea were Meadllj held ! Quotations lteef In sets smoked and alr drled fnr do knuckles mil tenders smoked and olr-drled rile pork, famll. I'll hams IS P r urd loose IBQSIr do cklnned. I lcose 242'lc, do, do, smoked, 2otT27c, do ! boiled, bonl ss 4nc, picnic ehnuldors H P. cure-1 loose 24e do smoked 2.e bellies in pickle, loose, 20c. LrcLkfast Laccn, J2-, lard. J"c REFINED SUGARS Supplies were small and the market was unchaiiffcd on a biHs of Uc fir lino eranu lated DAIRY PRODUCTS nriTHIt The market ruled linn and 1 hUher lth deman-l absorbing the limited offerings of fine stock Quotations l'resh in !ld-pu ked t roimen fan- hlsh scnrlns 7tC?7.- extras 72c. underradcs r.siifbllc . neirb prints f.mcv Jobblnc at H0fth2c 11GI1S Kino nrw-luld eircs were wjjl ileiiiecl up und ll.-m Quotations Ncarlo firsts t21 till per case current receipts t21 Iter case western extra llrsts J21 111 firsts i.'n tiiifl-'t candled cbks Jobbing at 82()4c per dorrn Cll-:i.s. Trado was quiet but prices icer steadllv held on fine held ttjrks. ofTr- I Inits o which were llcht. I'he quotations follows Nn York, whole milk flits I held Tancv 31c held specials higher, hold fair to Hood. a.'032'4el fresh-made, Ib.st. 3J4C3J14C. do fair to good 111 W.U 'id Wisconsin whole-milk flats held fancy. .1.-3 If .mo ne;u lair to boou, .tL-av-c lobblna: sales cf fancy held Rood at 35t? 30c. POULTRY I.IVl: Pine desiroble-slzcd sto. k. which comprised but i am ill proportion of tne cuppl was pretlv well cleaned up and firm, but ordinary ret-lpts were quiet and some what IrreKU ar In at,Je Kullow-lnu are the j qu itdllons Fowls, tine fit, welirhim: o Ins and oer apiece JJj:i4r, fowls, medium l sle iniod qualiU L'SSSfli i do. Iior 22 W I 2ie brolllns chlckcra fencv snft-me it-d 1 1 "1 Orsncres Calif, per box, t2 1B ft 03i do ria., per box. 2Wfl. Taniterlnea, l'la , per VK-box. tl 40'4 13 Ornpefrult, . m I r box tnl8 30 VEGETABLES Demnnd was belter nriiUio maralcet wan firmer Quotations White potatoes, Pcnna , ter swt t3 MielEI 7ft do, N. Y, per swt $3 J"5fll 41) Sweet potatoes Southern, No. 1 per bbl I KM Ml. do per himper, tl If) 1 S3 Jcrsej, per basket, tl lriSTl RO. Cal.-l-ae N V. Danish per ton tUTfMOO Onions, per lll0-lb sacks Yellow, No. 1. nfil."0 do, No. 2 and 'pkklers." t2 23ti Financial Briefs Tlio nvoniRO pilco of twenty netivo imliistrinl stoilis ailvuiioctl 0.-15 per rent on Suttirtlny to 100 08, while twrtitt riiiltoiuls ilpcliiictl O.iiO per cent to 7 HIS. Harper & Turner linvc openeil n lirntirli offlrc in 1 trail lilt: in clmrKO of ti. V. Pctifll Hud P. 11. Tliumnsj. The New York stilitrensury Koincd Sl.00.000 from the banks on .Siitur ilu,, miikinc n fip.Ii net guin since Prl tltiy of .ilL'.'JCCOOO. '1'lie extra diiileiiil of 2 per cent ile cl.ireil last week by the directors of the Maiiajiink Niitlouni Iiank was in addition to the rrsiilur semiannual div idend of 7 per rent, miikinc the annual distribution 18 per cent. Tlieie has been placed on the reculnr list of the Philndelphiu Stot k IIxcIiiiiirg iidilitimial shares of various companies ns follows; v'()0 (JciK-ral Asphalt toiuinnii; .li7(IO Americitti Stores first pieferred: .$,KVi0 I'hiludclpliia Po. (i 1 er tent prel'eired, und on the unlisted depaitiiient ?22." Philadelphia lllcctriu stock. LOCAL MINING STOCKS TONOPAH STOCKS llld Cash Ilov nit Jim Butler 21 MacNamara 4)1 Mldn ny 1 - Mlzpah Uxt ir. .Monton i in Nor Star no Hescue llula 1)1 ion uxt. 1 10 West Unci West Ton ISF Xmiiol hirelings lIUIX-ll CHKHJ l'.VTr.NslON ltMI.KOAl) IIIUI'AW Phlladelnhla Pa December 20. 1010 Notice Is herebv given th it the Annusl Meetlnp of the Stockholders of the Ueech Creek Extension Kallroud Company, for tho election of a President and Board of Di rectors for the ensuing ear and for tho transaction of such other business as mav be brought beroro the meetlnc will be held at the office of the tompanv in the City of Philadelphia. Pa on Monday, the 12th day of January, 1S20, ut 1-':J0 olock, I. m. DWIOUT IV PAIlDnC Secretary J3STHK annual ju-,i:timi of Tin: " Contributors to the Preston Retreat for the election of managers, two auditors. n treasurer and for the transaetlon nf such other business as may come before the meetlna- will be held on Mondiiv, .January IS. 1020. at 4 o clock, at the itetreat. Twentieth and Hamilton streets Philadel phia. Pa j GEORGE D TORTER. ,- Secretary. flSS" CEMKAI., Tllt'vr AM) SAMNdS kIw COMPANY The Annual Meetlnp of the stoc khoIdr- xvill be held Jaimarv 8. 1020. at the office of the company Market and Fourth streets between the hours of 2 30 and 3 30 p m . lor tne election or directors and for the transaction of auch other business aa may tCfi r vorae, before the meeting LUKENS. .secrets ry fK3S fKANKf.l.N NATIONAL IIANK " iY,",,n','t...H,rCrt w'8t of Broad Philadelphia, December 23, 1910. .? 4nn!JaJ M,lr"f cf the Shareholders f this bank for the election of Dlrecto-s to serve durlnu the ensulnc sear will be held at the Banking- House on Tuesdav, January 13 1920. between the hours of u o'clock noon and 1 n in. J U'll HATtDT Cashier KS'TIIK I st ANNUAL MEETING orTHK stockholders of s-orll. Tdn. .,., Railroad Company will be held at the oWi! of the companv 210 South Third street Ph I adelphla, on Mondn. January 12, 1020 at 12 o'clock m for the uurposn of eieotlmr -, President and twelve Directors to sera fne the ensuing sear JOHN g wis";" Secrets ec fJSSrTHE SIANAYUNK NATIONAL BANK Ua Ph'ladelphla Dec. la. 1918 Aim viiiiua, dici-iiiiz cur coe election n DIre,-tora of this Bank will be held I at the Itanklne Levering House. ats , corner ot ila n and 19S0. between the hours of 11 . m. n,i wi.lwhlmp 1 1 ffr lbs nolere. 'lflCi4n snrlll - hlelcens. aeriae joft meated. 2851 30c to Inferior 2J5T20" old roosters. 21lcT2Jc uucks whl' l'ckln. ll.'lf 14c, do lndli i runner, 2Si(T30c, do. lluscnv. 2."(rt2Sc, cerse 2lli Jllc turkess, 43(Q130c: pigeons, old per pair 32403V do oumr, per pilr 2Sfrt30i guineas oune per pair weighing 2 lbs and ennr apiece pjuniti M 7ofr' 1 so weighing mj)l lbH apiece. 11.400130, weighing IfiVt lbs aple-e tlQ'l.'Ju, suln- tas ohi per pur iinciivji Hone 11 GOLDnin.D STOCKS D1V1D11 STOCKS Allied Dlv n I Alto Dl Ill llelcher 13 Hen Ilur 10 llrough Dlv If) D!lde Ext Dlv Snd .11". Dlv Con 1.1 IlMdend 3D East Dlv 117 llisbrck Dlv Ill High Dlv II- Iteert Dlv 30 ltcno Dlv f. ... "I Rosetta Il'l Sllicr 1C lng 12 Ton Dlv 4t. Ton Hasb'k 2. in lc ow .,..... ,.,.: .c Other poultry was gcnerillv tlrm Quo- ,'."-';: 'isiv. io I ill-.ni, rPurlii i u l.oliiu urn utlil lufx-lltltrl I.. 'J " -etfti !' fan-c ontuje do Virginia and other near l tan-v 304i3sic. do nearbv fair to trood 31 UT. IV do western, spring fatlcl, rStOVrf . do do fHlr to gcod 'ilSia.tc do. old toms r.fs fowls fresh-killed dr nicked In boxes Weighing 4i lbs unci o,r aulere, tv 'eighlna 4 lbs 34- . weighing Vn lbs 2H 'Hi smaller sizes 24iil2He fowls fresh killed In bbls drv-plikd Weighing 4!j lbs und ner aotec e 34c weighing 4 lbs, 33c welching 34 lbs 27f2"i . smaller sizes 23fo12rto, old roosters drs-nlcked 21c, broilers Jersey dry-packed, 43cffl48c do, ordinary nearbv drj-packed, 3VriM2e ilo, western dr-packed weighing m QV" lbs nnlece 38 40c roasting chickens western dr-packeil in bbls Weighing 1 lbs and ov r ar-leee 3.161 14c weighing 3Va lbs apiece 30f?32c weighing JMilt'l lbs allece. -7llr20e western corn-fed chickens 12 to 1kt 17 lbs and under to dozen, per lb 44fS 13c IS to 24 lbs to dozen per lb . 4'c'-i' 44c, 21 to 30 lbs to dozen per lb line Iclc 31 to 38 lbs to doien per lb . 3334c 37 to 42 lbs to dozen Per lb 'liiftSV 4 1 tO HI IPS lO llUZtril. l-l n- u-'l;i T" -" C,naPrt and over to dozen 31S3llo ducks, western Arnrmrn. fsney 38dJ40c geese western fancy, JOGV C2l do. de fair to good 25i5 27l Asked .os 23 43 20 , .07 1 117 211 Atlcnll 02 Ulue Bull 0J II olh 0" C O V 02 Comb Prno D.t Crackerjaclc n". Dlam II II oi Daisy U Florence 33 Cloldile'd Con 11 lioldtleld Merg in Hold Dev 12 Oreat Bond n.' Jumbo Ext ml Kewanaa .02 l-one Star 04 Orn 01 Red Hills 0 1 Hll.-r P'tk 0 1 SpearhetcJ Ot MISCP.LLANEOUS m FRESH FRUITS The market was qalet at revised figures. Quotations Apples, per bbl . us to quallH. t49S do per box. J21P3 30 Cranberries per bbl. fl 30130. do. per crate. 1 2 23 IP Ariz United 20 Eden . Mother Lode 3 1 Ne Hill 02 Nev ItJIid 20 Promonttrlo 1U Nev W'der 23 Teioou Mill OH White Caps 10 01 111 .07 0 1 .03 Oil .01 .Ol .40 .11 03 .14 01 MS ot 113 .01 03 03 00 1n'r ActhlllcH In tho primary cotton Rootls markets nrc continuing wllliout a break right ttirdiluh the linlldnv period, In contrast to. the dullness thot has ruled in former .enrs. Tlio Imlid.ij.s and tho bctwTcnuea sons period in the woolen goods trade checked active buinK and telling last week. Atteutlon is centering nu the forthcoming showing of samples for the fall and winter 101!0 season. Slllt Jobbers were active seelters af ter merchandise last week. Failing to get much from manufacturers, they be gan bu.tiiig at retail throughout the cotintr.i. Itrports that the johbets had tapped this new course of supply were brought to the market by southern and Western retailers, Tito feature In the leather trade last week was the announcement received by sceral of the letnilcrs from manu facturers of calfskin shoes that the price on medium grade footwear would be immediately reduced from fifty to Kovontj -lite cents n pair. Shoes made of this gr.ide of leather, which have been soiling for from S.l.fiO to $8 a pair, will now bring S." to $.'2?i a pair. Sltutilf and opossum arc less scarce than other arieties of American furs, dealers say. Sluskrat. because of its scarcity and widespread demand for use as Hudson seal, is showing a more rapid upward piiec tendency than other furs. Willc m-imifnclurcrs of men's ami women V apparel arc going ahead with eonfideiii e into the spring season, re tailers a-sert that the market for win ter iippnnl has broken. Small manu factures are unloading stocks of men's oxercoats at sacrifice prices and rctail tis expect additional quantities of suits to be thrown on the market within the next inc. itu. LONDON METAL MARKET New lork Dec 20 Cable adices re ceived at the New York metal exchange this morning quoted prices In Iondon as fol lows '1 In spot 337, an udanco of 7 13s futures .140 an upturn of 0. straits, 3 17 10s Hii Hdvancs of 7 Os. Singapore. fill, up 1 Sales Spot, 30 tons, futures. S30 Ions anl Singapore 130 tons Stand ard copper spot 111 10s a gain of 13: futures flt.l 10s. an upturn of 3 3s, Sales Sput KM) Ions futurese 3200 tons ElectroMit Copper .Sisit. 118 futures, 121 both up 3 Lead Spot 13 7s ltd, futures 43 12s (Id, both UP 17a 0-1 Spel ter Spot 37 10s. an advance of 1 15s, futures 5S 10s a gain of 2 BUTTER, EGGS AND CHEESE New 1 ork. Dec 20 RfTTER Pirni Re ceipta JIT" tubs Creamery, higher than extras, 7Hviit72c creimpry extras (02 score), 71c ilrsls flt-fl ilu'ic. packing stock, current nuke No 2 47c EGOS fuse tiled noclnts 3204 crates. I'resh-githi red cxtrss 74 W73o, extra firsts. 725P71c lirsc ts 701i)71c state Pennslva nfa and nearbv western hennery whites, firsts to ixtras 77SC8U1 state J'ennsvlvnni-i unci pi irb hennerv browns 7fl(i7Sc: do, gathered browns and mixed colors 74ft73c CHEESE Stead Receipts 3110 cases. State who! milk data current make spe cials ll'ij ''i 12c, do average run 30V4 dp 31c state whole milk twins current moke sp-eilals Jl'aW32c do average run SOH 0 31c, state whole-milk twins current make, specials 31 fa .IJc c do average run 31c. Bank of England Statement London, Dee U!). The wteLly state ment of the Hank of l'nglaud shows the following (hances: Total reserve de cieused f l.0r().00(); circulation in creased 1,810.000; bullion decreased 1.072.0S1; other securities increased N,:tlft,000 : other deposits increased S,0-in.000 ; public deposits decreased 1,200.000; notes teserte decreased 1,S10.000: goeinmeiit securities in cteased -187,000. The proportion of the bank's reserve to liability this week is 11.51 per cent; last week it was 13 .IS per cent. CHICAGO BUTTER AND EGGS Chicago. Det 29 BUTTER lower Creamerv RlfoOV EOGS higher. Receipts 1010 cases Flrsls HSliiOUo ordlnurv firsts, 37Pti2c. at mark, cases Included OS-SUfic. 1 P. m. EUGENE J MORRIS. ' ssnler Til" tl-TSP'rllH NM'AL SIKKTIVll Tndl-teet widows" and Single Women's Society of Philadelphia wIP be held at the Ksylum. Sfilfi Chestnut street on Thin-ad is January 8. 1920. at 11 a. m V order of 'US?3 1HS 'I Mt'TUXL Eif2 ' INSl'KANCE COMPANT Philadelphia December 20. loin Tho Annual Election for nine truateei n erv three years will be hld at the home offloe of the. company In the penn Mutual BulMlmr. th nd Walnut sts . Phlladelph a Pa. on Mondav ..Innuerr 3. 1020 between the hours of 10 a m and 3 o m. JOHN lil'MPHREYS Secretary andTrea surer h-35feOUTHVAKK NATIONAL Il7NK ItSf Philadelphia. Pa. The Annual Election for Directors of this Rank will be held at the rlanklnir Hou, m TiJsdar. January 13th. 10.0.'bet"en ,n, hours of 10 o'clock a. m and 12 o'clock m E. II WERT, s.aanier. NA1IUNAL Tha fes held Jnnuarv boon and PHILADELPHIA I INK Philadelphia. December 13. 1919 lESTTIlK Phi Annual Election for Directors will at the banking house on TueadaV , 13, lD'O. between the hours " ad 1 v. m O HOWARD WOr.B-P Cashier Proposals PROPOSALS Sealed proposals will be recelied by tho .Hoard of .Managers of the Pennsylvania In dustrial Reformatory at Huntingdon Pa at their regular mo.ithlv meetings held on the second Thursday s of January. April Jiilv and October 1020. for the furnishing "j -pllea of various kinds for a period of three months from the 22d day of the months named, and award made of same previous tq that date consisting In tha main of flour and feed, groceries, provisions dry and salt meatB Proposals are also asked for from time to tlmo during the vear for such other articles as may be necessiry m conducting the Re formatory, Proposals will be asked for Ju!j 1 f0P furnishing the Reform itory with bituminous oal for u period of one year from July 20 Any desired Information will be furnished and opportunity to hid on same will be tlven any purtles who make request to be lurnlshed therewith " The Board of Managers reserve the right to reject any or all bids offend Address , T U PATTON. .. General Superintendent i Huntingdon. Pa December 20 1010 Ncic Issue 35,000 Shares W. E. Tillotson Manufacturing Company, Inc. (NEW YORK CORPORATION) Common Stock of No Par Value CAPITALIZATION Authorized Preferred Stock, 7 Cumulative. . .$750,000 Common Stock of no par value 50,000 shares Outstnndltiir $750,000 50,000 shares LONDON STOCK MARKET jioil Shares Lively -Home Rails 1' Strong Gllt-Edged Section Firm ' London. Dee. ''".). Oil shares showed considerable lielinoss on the stock cn Clmnga today. Sen'tlment with regard to the group was cheerful. Shell Ti 0.119 tiort was 10, and Mexican Uagle 11 1 -10. Home rails were strong, infiurnrcd by aadctnilcd announcement of heavy ad vances in freight rates. Argentine roads itlso were in demand. The Kilt-edged section was firm. J'Yviieb. loans were well maintained. Liverpool Cotton .Liverpool, Dec. 20. Spot cotton was inlet today, with prices lirm on tho biMbt of un advaneo of 82 points for middling, at 27.50d. Tho sales were CiOOO. bales. There were no receipts, futures were steady in tho early deal ing, Spot prices were: American, wMUIiDK fair. ..2.-d; -rood middling-, 3(V1; fully middling, 23.75d: mid 4Ubc, iiT.OOdi low lniddlhif?, 24.13d; eod oraiBarri 22.60d; cjrdinary,21,50d. Business: The Company's Mills arc located at Pittsfield, Massachusetts, and for over thirty-five years the Company has successfully manufactured the following well-known products: "Collins Health Underwear," stand ard for over thirty-five years, and the "Silver Lake Worsteds.'' Assets: After a conservative valuation the total net assets, exclusive of all valuation for good-will and trade-marks, are approximately $30.00 a share on the outstanding Common Stock. The Company lias no mort gage indebtedness and there is no sinking fund necessitating the retire ment of the Preferred Stock. Earnings: For the past seventeen years the Company has shown average net earnings of $175,000 per annum, which would be equivalent to approx imately $2.50 a share on the Common Stock after deducting present Preferred Stock dividend requirements. For the calendar year 1918 the earnings were equal to $3.20 a share on the Common Stock of the new Company. Present operations of the Company indicate that earnings will be in excess of $5.00 per share on the Common Stock outstanding before deduction for taxes. Management: The Company has entered into a management contract with the firm of George W. Goethals & Company, Inc., who also own a substan tial interest in Common Stock of the Company. The record of this firm as managers of industrial properties is well established. Future Business: With the purchase of the Victory Textile Company's new building and the reorganization of the Company's operations by George W. Goethals '& Company, Inc., production has been greatly increased, and it is estimated that the Company's business will be doubled in 1920. Conditions in the textile industry insure a ready market for maxi mum production. DIRECTORS GEORGE L. CLOSE Church, Webb & Clo.o 1 East 33rd St., Now York GEORGE W. GOETHALS. .George W. Goethals & Company, Inc. 40 Wall St., New York GEORGE H. HOUSTON Georje W. Goethals & Company, Inc 40 Wall St., New York CLARK S. JENNISON George W. Goethals & Company, Inc 40 Wall St., New York EMANUEL LASCAR1S 40 Wall St., New York WILLIAM P. PHILIPS J. & W. Selieman & Co 54 Wail St., New York ROBERT V. WHITE J. & W. Seligman & Co 54 Wall St., New York Subscriptions will be received by the undersigned subject to allotment at $26 per Share Application will he made In due course to list this Stock on Hie Boston Stock JJxchancs MOORE, LEONARD & LYNCH ROBINSON & CO. Membera New York Stock Exchange Members New York Stock Exchange 111 Broadway, New York 2G Exchange Place, New York F. H. SWIFT & CO. L. SHERMAN ADAMS Incorporated Members Boston Stock Exchange 4 Liberty Square, Boston 70 State Street, Boston The above statements, while not guaranteed, have been obtained rrom sources whcli wo believe to be accurate and reliable. . ST $10,000,000 Atlantic Fruit Company 7 15-Year Sinking Fund Convertible Gold Debenture Bonds Series "A"' Dated Jan. 1, 1920 Interest Payable June 1 and Dec. 1 in New York Due Dec. 1, 1031 Authorized $20,000,000 To be presently Issued $10,000,000 Coupon Bonds in $1,000 and $500 denominations, registerable as to principal. Subject to call as n whole or in part at 110 and interest to December 1, 1924, thereafter to December 1, 1929, at 107 and interest, thereafter to maturity at 105 and interest Convertible into Common Stock without par value at any time up to ninety days prior to maturity at the rate of $100 facei value of Debentures for two shares of Common Stock Wc summarize as folloivs from letter by Mr. N. A. Macleod, President of the Company, and the ' report of Messrs. Arthur Younq & Co., Certified Public Accountants: BUSINESS. Atlantic Fruit Company and its predecessor companies for many years have been engaged in growing, shipping and selling bananas, ccroanuts and other tropical fruits. It is developing its cane lands in Cuba and by 1921 should be producing raw sugar from a new mill. PROPERTY. Upon completion of present plans the Company will own approximately 153,600 acres of land in Cuba, suitable for the cultivation of fruits, cocoanuts, sugar cane and other products, 24,000 acres of plantations in Jamaica, a 300,000-bag sugar mill in Cuba, about 35 miles of railroad, wharves, docks, warehouses, etc., and a fleet of 12 ocean-going steamships with addi tional steamships under charter. MANAGEMENT. Those who have been responsible for the success of the Company since 1915 will continue to operate the property without substantial cnange in policy. They have associated with themselves strong financial, shipping and sugar interests which will be represented on the Board of Directors by W. A. Harriman of W. A. Harriman & Co., Inc., Marine Securities; H. O. Havemeyerbf Havemeyer & Elder, Inc.; Thomas A. Howell, Vice-President, The Cuban-American Sugar Co.; Sir John Pringle, K. C. M. G., Jamaica, W. I.; P. A. Rockefeller, 26 Broadway. EARNINGS. Operating profits as certified to by Messrs. Arthur Young & Co.for the four years and nine months ended September 30, 1919, have averaged $1,470,000 per annum. For the last nine months of this period operating profits were $2,641,720, and for the calendar year 1920 are esti mated at approximately $3,500,000, equivalent to five times the interest charges on the $10,000,000 7 Debentures, and leaving a balance, after pro vision for interest and estimated taxes, of about $5 per share on 395,000 shares of no par value Common Stock to be presently issued. SINKING FUND. A fixed annual Sinking Fund of 3 of largest amount of Debentures ever issued (minimum $300,000), first payment on or before March 1, 1923, will buy Debentures at not exceeding the redemption price, or will call by lot. An additional annual Sinking Fund' of 10 of net earnings after payment of operating expenses, interest, taxes and Fixed Sinking Fund, will be applied in like manner. When, as and if issued and received by us, temporary bonds will be delivered on or about January 5th exchangeable for permanent engraved bonds when ready. Application will be made to list the Debenture Bonds and Common Stock on the New York Stock Exchange Price 97 and Accrued Interest, to yield over 7.30 Potter Brothers & Co. 5 Nassau Street, New York White, Weld & Co. ; 14 Wall Street Chicago New York Boston W. A. Harriman & Co., inc, ' Marine Securities 120 Broadway, New York This information and these statistics are not guaranteed, but have been obtained from sources we believe to be accurate. Gilmer SOLID WOVEN BELTING Gilmer research methods have been instru mental in developing high standards for specialty belting, The "endless" feature, for instance, has been incorporated in such specialty belts as grinder and polishing and sanding belts to produce astonishingly effective .service. Nowadays, Gilmer Endless Belts are standard among these types of belting. For every type of belt f rom huge conveyor or main power drive to the little automobile fan belt it is the Gilmer method to pains takingly develop belting whose superior service will quickly stamp it as "standard." L. H. GILMER CO. Main Office Tacony, Phila. Factories In Tacony Allentown North Wales Millen, Ga. Anno.il Motlms U-3SiTnE PBni.vAMA jriBis irfauii- -c AfiV& uujirrtfll Tho Annul Meeting of the stockholders of tha Peoniylvinla Fir. In.uranc. Com- r.i-.. .,t K. VA .t hl nrffim ICAft anil nlo Wnlnot tret, PhlldIphla.' on Mon day, January ?u1M'.,a' " o'clock a, ra , r lt;eci!Plr w - uir.cwip ui for .lectlor 61 wi may bu.lneia a CROWBLU imiiwiT) Annnal MtlnK" SECOND NATIONAL BANK OV l'lllLADKLl'IllA Franuford, Deo. 27. ISIS. Tho Annual Btockhold.rt' Meetlna: of thla hunk will he held at the banking; hone, on Turadar, January 13, 1030. between tha houre ot 11 a. m. and,! p. m.. for tha election ot director!, and to.tranaact auch other buelneea aa may properly pome betora thn steetlna. FRANK ADSHMHAD. Candy Get Big 1 Interests rnpetus A Billion Dollar Industry Send for Analytical Authoritative Folder A 53 The Supreme Court -ruling against the liquor interests automatically becomes a tremendously favorable riding for the candy interests. Most investors, realizing this fact, are noiv seeking the fullest author itative information regarding sugar and candy stocks. Solely in the interests of such in vestors we have prepared a most careful report of the candy situation. ,A limited number of these folders are now off the press and will be mailed to inquirers free while they last. F. A. BREWER & CO. Specialists in Candy and Sugar Issues 208 South La Salle Street ' Chicago A ti r i ,
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