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EVENING" PUBLIC LEDGER-'PHILADELPHIA, MONDAY, JANUARY
5,
1920.
JV1
1
TAXJFREE
OPS WBTH LQNS AND GOOD RECORDS
a
i fi?
During recent weeks there have been sales of many standard bonds at sac
rifices in order to establish a record of losses for income tax purposes. Wo
were buyers of securities of this kind and the purchases accordingly enable
us to offer bonds of well-known high-grade Pennsylvania corporations at
attractive prices.
These have distinct' advantages.
1 . A good investment record of ten yeais or more. . ,
2. They nre on properties near at home, where conditions affect
ing them are well known.
3. ' They are not subject to the Pennsylvania State tax.
4. They are from 5 to 1 2 below normal prices.
We have acquired and offer for sale the following bonds that have the
above advantages: v ;
LEHIGH VALLEY TRANSIT CO. First Mortgago 5 Outstanding 14 years
EASTON CONSOLIDATED ELECTRIC 5s Outstanding 21 years
CITIZENS LIGHT, HEAT AND POWER CO. (Johnstown, Pa.) First Mortgago 5s
Outstanding 10 years
MERION & RADNOR GAS & ELECTRIC First Mortgago 5s Outstanding 16 years
KEYSTONE TELEPHONE CO. OF PHILADELPHIA First Mortgago 5s
Outstanding nearly 15 years
NEW YORK BOND SALES
Summary of Individual Transactions on New York Kxclinnno
CURB ISSUES LAG
Am Aer & 0 Co 6.
1000 ... 08V4
3000 .... 011
Am S & TleC Co Ci
10000 .... 08
Am Tel & Tel clt
8000 .... 10
B000 ... 104
1S000 .... 1014
1000 .... 1B4
Am Tel & Tel Ss
COOO .... 01
18000 .... t
10000 .... si
Am Tel & Tel 6s
S000 .... 00 Vt
Am Writ Paper 7
2000 .... 83
10000 .... W
Anglo-French Ss
!0K o
35000
5000
2S00O
2000
1000
16000
0000
2000
1000
2000
6000
2000
1000
3000
4000
1000
1000
B000
1000
0(1
06i
0V4
08
00
.00
00
, 06 7
110
00
06
, no 7
00
00
, 06
, 0
, 06
06
06
00
PHILADELPHIA & WESTERN RAILWAY CO.
Outstanding nearly 10 years
First Mortgago 5s
SCRANTON ELECTRIC COMPANY First Mortgage 5s Outstanding 12 years
and other Tax Free bonds of High Grade that have been outstanding for lesser periods.
Particulars on Request.
?
HARPER & TURNER
Investment Bankers
IOOOIOI2 Stock Exchange Duildlne.
Philadelphia
Arc Republic Ss
1000 .... Ti
Armour & Co 4lA
5000 .... 3
Atch T & S F 4s
1000 .... 82
0000 .... 81
11000 .... 80
0000 .... 81
1000 .... 81
Jf,00 .... 81
Atch T & 3 F adi
4000 .... 70
A T & S V cv iB
1000 .... 80
Atl Coast Line 4s
6000 .... 70
2000 .... 70
At Coast Line 4V4"
1000 .... 78
Baltimore & Ohio cv
January Bond Circular
We shall be pleased to send a copy of our January General Bond Cir
cular to investors on request. We own and offer over 250 issues of in
vestment bonds, which we have purchased with our own funds and offer
with our recommendation. Over 180 of these issues are briefly described
in our January General Bond Circular.
Included in this list are a number of Municipal issues which are not only
exempt from all Federal Income Tax but are also exempt from State and
local taxes in various states, and are legal investments for Savings Banks
and Trust Funds.
Owing to the wide selection investors can obtain almost any maturity to
suit their individual requirements, with a range of interest yield from
.ibout 4 ji to nearly 8.
We shall be glad to send a copy of our January .General Bond Circular
and to make recommendations 'to those who have special investment
problems to solve.
We suggest you ask for Circular F-lll
Harris, Forbes & Company
Pine Street, Corner William, New York
Widener Building, Philadelphia
Harris, Forbes & Company
Incorporated
BoaUa
Harris 1'ruit and Savins Bank
Bond Department
Caicwa
10000
11000
13000
10,000
13000
12000
2000
8000
2000
1000
.-.uoo
nooo
3000
7000
7000
1000
1000
2000
2000
6000
S000
84
64
01
61
65
65
65
l?R
3
6(1
65
65
rfi
, 65
, 66
. 64
, 65
, 65
. 65
. 65
READJUSTMENT
OF
Maxwell Motor Company, Inc.
AND OF
Chalmers Motor Corporation
To the Holder of
MAXWELL MOTOR COMPANY, INC.:
First Preferred stock:
second Preferred stock;
Common stock,
CHALMERS MOTOR COMPANY:
First Jtortsaua Six Per Cent Flvo Tear Gold Notes.
CHALMERS MOTOR CORPORATION!
Preferred stock;
Common stock.
and
To the Holders of Certificate of Deposit issued under the Plan
and Agreement of Readjustment, dated August 30, 1919, for tha
above mentioned securities.
Announcement is hereby made by the Committee as follows:
i i e f"wing amounts of securities hove been deposited under
the plan:
Stock of Maxwell Motor Company, Inc. 66 per cent.
Notes of Chalmers Motor Company 11 per cent.
Stock of Chalmers Motor Corporation 79 per cent.
The foregoing amounts of securities deposited, and particularly
the amount of notes of Chalmers Motor Company, ore not in the
judgment of the Committee sufficient to enable it to declare the
rian operative.
,The Committee has been unable to secure from the Bankers a
positive commitment for an extension of the time for the purchaao
by the latter of the $10,000,000 of new Notes referred to in the
Man. and the agreement between the Bankers and the Committeo
or the purchase of said Notes has therefore lapsed.
'j,e,l'me fr the deposit of securities under the Plan is hereby
j.lendeV. antl includinr- JANUARY 31, 1920. If. prior to said
je, sufficient additional deposits are received, the Committea
4ln ?rf'A,fnd.eavor , effect arrangements for the sale of the
10,000,000 of Notes of the New Company.
p'l ," Committee believes that the prompt carrying out of the
Jil .1 "'most importance to security holders, and thereforo
urges the prompt deposit of thoir securities.
nki f r" 'ko Plan and Agreement of Readjustment may bo
T.l . frm,.,n'e Secretary of the Committee, or from the office
ot the Maxwell Motor Company, Inc., Detroit, Michigan.
D'ted, New York, December 16, 1919.
IIAltltY UltONNKK, Chairman,
.AMiru tr, iiuiiiv
JOHN n. Mokkon'.
H-.JI- "" T. at.
1CI.TI1N TARHM.
iriTnrr rtiAf.nfRRH.
J. HORACE HARDING,
COUNTY BONDS
Direct Obligations
Free From All Income and Excess
Profit Taxes
$1 10,000 Crockett County,
Tennessee, 5yzs
Serial Nov. 1, 1930 to 1956
Average 25 Years
Population 22,000
To Net 5To
$40,000 Greenlee County,
- Arizona, 6s
Due June 1, 1939. Optional 1929
Population 19,000
To Net 5.109'o
POWELL, GARARD & CO.
413-416 North American Bldg.
Philadelphia, Pa.
Telephone Walnut 2038-2651)
Incomelax
Sera$
French, Luck & Co.
Public Accountants
721-722 Mutual Life Building
I'llII-AIi:i.l'HIA
M1I.I. I'HONKl WALNUT 1SSD
Bait & Ohio 3s
10000 .... R3
5000 .... 83
Baltimore & Ohio 1
sfooo 9
3000 .... 80Vi
1000 .... 9
1000 ....
8000 .... 09
1000 .... 09
B iltimore & Qhlo 5s
3000 .... I'M:
3000 .... ?'
1000 .... 69
10000 67 'tt
r.ooo .... 07
nooo .... oi
Baltimore & Ohio 6a
1000ft .... 89 !i
13 & O Pitt LEA
West VIr Sys 4a
S000 00
Boh Steel Corp 1st
1000 .... ofWi
th S G Gs of 30
7000 .... 86
Brk Rapid Trans 4 s
1000 .... 06V4
Brk Rapid Tr.uiu 7a
fJOOO .... 4
nooo .... 45
Brk K Trans ct 7s
loooo tit
Cent of Georgia Gs
2000 .... sain
Central Paolflo 1st
jooo .... 78
2000 .... "-Ji
12000 .... 77
Chicago & Alton Ss
5000 47
Ches& Ohlocv 4Vi
2000 .... 70
1000 .... 7314
10000 .... 75
1000 .... 76
2000 .... 75
Clus & Ohio cv 5s
3000 .... 81
0000 .... 81 -Ji
5000 ... HIV'J
1000 .... HI'S.
1000 . 8114
1000 .... 81
Chicago & Alton
3000 .... 79'm
13000 .... 19
Chi & Alton 3 ,4 s
3000 .... 31
Chi B & Qulncy 4s
Chi & West Ind 4s
10000 .... 00') 4
Chile Copper 6a
0000 .... 84
A000 .... 81
1000 .... 85
C of N Y 4in of 00
2000 .... 03
City of Paris 6s
10000 .... 0i
3000 .... 92
City o Toklo 6s
10000 .... SO
Colo & Sou Rly 4s
1000 .... 85
Consol Gas Co cv
4000 .... 99U
1000 .... 0H
8000 .... 991)!
C P R Co Ce of 34
1000 ....100
Del & Hud Canal fd
3000 .... 81
Dom of Canada '21
2000 .... 01
loon .... 91
2000 .... 91
5000 .... Oir.fc
Dom of Can of 31
1000 .... 91
2000 .... 91
3000 .... fll
1000 .... 9t
7000 .... 01
Denver & Rio O fd
r.ooo ..... 43
nooo .... 43
10000 .... 4 ITh
Den & Rio Grand la
3000 . . . 6!i
2000 ... 07
3000 .... 81
Erie General Wen
10000 .... 43
3000 .... 3
Erie RallRoad cv D
3000 .... 38
3000 . . . 50
General Electrlo 5s
loon .... 03
Hocking Valley 4 Vj
5000 .... 73
Hudson & Man fd
7000 .... nOTn
1000 . 59'i
5000 .... 60 Vi
Hud & Manhat In
2000 . . . lay
Illinois Central fd
10000 .. IB
III Central 4a of '53
1000 .... 14
2000 .... 74
111. Central 4s of 53
1000 11
Illinois Central 5s
3000 .... 93
1000 .... 93
Illinois Steel Co 414
5000 .... 83
Imn Jap Gov't 1st
1000 . . . 83
4000 .... Hlli
10000 .... 82
Imp Jap GoU 2nd
4000 .... 80
1000 .. 80
Imp J G 4s Kiig Bta
j 1000 60
2000 .... 60
In Merchant M 4s
2000 .... 75
Inter Mtr Marine Ga
3000 ... 93
Interb Met Co 4 Via
20000 . . . leyi
1000 . . . 10
1000 .. 10
3000 . . . 10
Int R Tran Co fd
1000
1000
3000
5000
5000
3000
6000
1000
5000
5000
SQ00
1000
0.1
3.1
55
55
55
.33
35
55
55
1000
6000
1000
1000
3000
2000
1000
8000
21000
1000
21000
5000
2000
18000
03
9514
93
05
05
95
05
93
93
95
05
95
98
95
Chi B & Q II 31&S
5000 .... 15
Chi B & Q II 4
2000 .... 84
Chi B & Q regr gra
4000 .... 19
Chi M & St P 4a 25
2000 .... 70
10010 .... 70
C M & St P 4h of 25
3000 .... 70
C M &. St P D 4a
10000 .... 03
C M & St P CV 4Ws
5000
1000
1000
3000
3000
2000
5000
2000
3000
2000
09
09
68
88
e:
08
18
68
68
CommlttM.
WANTED
Broker's Cashier
Ilrplles should stats rinrrlracr. rsf.
rrnrrp and unlarr nptrtrd.
All rnillrs (rtutfil i.trlrtly rouRdontla!.
J 10, Idtcr UlOfr.
C M & St V fd lVja
1000 .... 00 '
5000 .... 60 I
10000 .... 60 1
3000 til I
C M & St P Kin 4
1000 .... 77
2000 77
12000 .... 77
Chi M & St P cp 53
2000 ... 06
Chi M & St I' ov 5a
5000 .... 80
1000 .... 70
3U00 .... 08
1000 . . 68
6000 .... 68
Chi R & Paclflo fd
nooo .... 67
3000 .... 61
1000 . 67
3000 . .. 07
13000 ... 67
Chi R I & Pao 4s
1000 .... 74
an union Stu 4 (is,
.... mi ' 1
0000
Kan 1' Term Rly 4 s
2000 .... 76
0000 .... 70
Kan City South 4s
1000 .... 74
23000 74
Kansas City So 5s
1000 .... 73
2000 .... 74
6000 ... 74
Long IpI RR em 4s
KlOO .... 7B
2000 .... 73
L S & M S 4b of 31
1000 .... 81
2000 . . . 81
Lapka Steel V of 30
1000 99
L S & M S 4s of 28
3000 . . 86
Long Isl RR T'n is
2000 .... 77
Louis & Xashv'o 4a
1000 83
15000 83
Mniitialtan Rwy 4s
1000 .. 60
5000 ... 0
Mich S Tel Co 5s
1000 .... 85
5000 .... 85
Mo Kan & Texas 4s
131HP0 . . . 00
Mont Power Co 5s
2000 ... 83
Mo Pacific pra 4s
1000 58
1000 .... 58
10000 .... 50
1000 . .. 58
2000 .... 59
4000 .... 58
M Steel & O Co 5a
1000 .... 85
2000 .... 85
5000 .... 85
1000 .... 85
National Tube C 5s
2000 .... 93
X Y Air Brk Co Gh
5000 ... 09
X Y C & II R R Is
2000 81
N YC&H RR 3V1
3000 .... 69
N i'& Hit UK 4i
2000 .... 83
16000 83
8000 .... 81
NYC & II RR 4,4
1000 .... 78
2000 78
N' V C & H H R
11000 .... 02
1000 .... 92
inoo .... 92 Vi
1000 92
2000 . . . 92
1000 92
N Y Cent L 8 I'-B
1U00 .... 01
, V Gas Ileal .
Elco L & P Co 4a
5000 .... 63
New York Rwys Oa
13000 .... 7
5000 .... 7
N Y Railways ct 5s
2000 .... 6
5000 0'),
N Y Telephones 1
3000 80
1000 . 81
12000 . . . 80-
12000 .... 80
1000 80
N Y Telephones Cs
2000 93
2000 .... 95
21100 . . . 95
1000 . . . 95
1000 . . . 95
3000 . 95
N W U M 4S3
3000 36
Nor & West Ulv is
11000 ... 45
Nor & West ov Ci
4000 . ..101
Northern Paclflo Ss
1000 . . 66
11009 .. . 55
Northern Pacific 4 s
0000 . 1P
4000 , 7B
25000 .... 78,
Oregon Short I 4s
1000 .... 81
1000 .... 84
1000 .... 84
Oregon Short L 5s
1000 .... 03
2000 .... 03
Oro Wash RR Co &
Navl Co 4s
1000 .... 71
Pac Gas & E Co 5s
1000 .... 82
6000 . .-,. 82
Penna RR cv 4',ia
5000 .... 02
Penna R R gm 4a
9000 ... 84
2000 .... 84
3000 .... 93
3000 .. .81
2000 .... 84
6000 .... 08
Pennsylvania RR 5a
4000- .... 93
1000 .... 93
10000 .... 03
1000 .... U3
1000 .... 93
8000 .... 03"a
3000 .... US
Penna R It on 4a
6000 .... 02
Pere Marquctto 5s
4000 .... 87
Pub Ser C - N J 5s
2000 .... 69
R.acilng K R 4s
10000 .... 81
2000 .... HI
3000 .... 81
Rep of Cu of 1901
2000 .... 01
Rep of Cuba B 4s
1000 .'. .. 75
Rep Iron & S Co us
7000 .... 00
Seaboard Air L fd
5000 .... 39
2000 .... 40
2000 .... 40
Southern Pacific cv
4000 .... 81
Southern Pacific fd
1000 .... 79
7000 .... 70
South Pacific cv 5i
2000 ....105
1000 .... 10.-.
South Railways 4s
3000 01
1000 .... 1)1
22000 .... 00
Southern RUvJ'3 5s
4000 .... 87
2000 .... 80
19000 .... 80
1000 85
8000 .... 80
fit T, T Ml R- S1 nlv I
& Gulf Dlv 4s
3000 .... 74
St & L. & Pan V gm
1000 .... HI
StP M & M RR 4 -
1000 .... 01
St I. & San Fran a
1000 .... 61
3000 .... 63
5000 .... 62
St L & San Fran A
3000 .... 50
1000 .... 39
3000 .... 59
3000 .... 50
3000 .... 69
7000 .... 59
St L & San Fran B
1200(1 .... 71
1000 .... 111.
St L & San Fran'fil
15000 .... :tiii.
St L & San Fran In
1000 .... 15
8000 .... 45
St L a West 4s
1000 .... 52
St I. & S F cv 4s
10000 .... 80
Tenn Copper Co Cs
2000 .... 94T
Ter R A of St L 4s
1000 .... 10
TRy As of St I.
6000 .... 82
Texas Company 63
1000 . ..101
3000 ....101
2000 ....101
2000 ....101
Union Pao RR cv
2000 .... 81
Union Pacific RR fd
8000 .... 81
1000 .... 19?b
2000 .... 80
Union Paclflo RR 4s
1000 .... 83
1000 .... 8.1
3000 .... 83
Union Pao R R 6s
1000 ....102
U Kof G B & I 21
5000 .... 00
6000 ... .90
10000 .... 08
1000 ... 96
6000 J)0
1000 .... 90
1000 .... 06
Untu K of G B & I
rets of '22
2000 .... 05
2000 .... 06
6000 .... 00
15000 .... 03
1000 .... 05
1000 .... 05
Untd K of O B &
rets of '29
1000 .... 95
5000 .... 05
U K of G B & I 37
AFTERFAIR START
Market Shows Reactionary
Tendency Some New High
Records in Early Trade
OIL ISSUES AGAIN LEAD
16000
2000
2000
30000
1000
25000
1000
Hi 01)0
1)000
'".0000
000
5000
20000
2000
5000
6000
25000
10000
1000
3000
3000
3000
1000
20000
80
80
80
89
89
89
00
80
80
80
00
89
89
80-
90
00
80
00
00
90
90
00
90',
90
Now York, Jan. C After sliowins
stronBth In the onrly trailing, weuknef."
developed in many Issues on the Hron.il
street curb, and the market showed a
reactionary tendency after midday.
During the period of strength, srernl
stocks sold nt new high records, in
cluding GUliland Oil, which advanced
to .". White Oil was nnother strong
feature, selling nt 50, but reacted from
Its high level in the afternoon. ,
r.oiw.riil Annlinlt. onencd nt l'2oVi. but
.!.., ..,) , i.ift l,nf-,rn miililiiv. Similar
rcressiotis were noted in, other shares
In f!i!..l. tlmrA wnq iipHvn trnrilric. '
Tropical Oil was prominent, advnnring!
J points, to ZH, on inrge trading, .einu
Explosives was strong, advancing to 0.
Marconi of America cold at i to
OVi, making little response to the an
nouncement of the organization of the
Radio Corporation. Montgomery Wurd
sold at 402 to 40.
fieneral Motors was traded in nt IMS.
Loews moved up from .'tl'fc to ',)'', und
Indian Packing sold at 1!) to -'O1-...
w
" ' "'"MB '' '
7m-
fi"
E OFFER SUBJECT TO PRIOR SALE
Tin: For.i.oivixo soi'sn invkhtmunth, all or which
.IIAVi: OUIt UMJUAI.Il'IKI) ItllCOMMHNHATlON
RAILROAD ISSUES
? "iVlleghcny & Western Rwy. 1st Mtjje. 4s, due 1998
(OuiirHiiteril by Hiiir., Itoeli. & 1'rIi. Itwff.)
APPROXIMATE.
ill. 1. IF
i.20
5.35
t Hccch Creek It. R. 1st Mtgc. Is, due 1936
(Anmimril by New York Central R. h.i
Sunbury, Ilazlcton & Wilkes-Bnrrc Uy. 2d Gs. duo 1938, G.OOft
(Armumei! by l'ennnyltnnln IlitMroail)
Grand Trunk Ky. of Can. Equip. Tr. 5ft Ctfs., 1921 to 1927, G.00
PUBLIC UTILITY ISSUES
t Scranton Electric Co. list Mtuc. 5s, 1937 5.55ft
Metropolitan Elec. Co. dc-milnc r.) Ht .Mtgc. 5a, 1939 5.55ft
West Pcnn Power Co. 1st .Mtge. 5s, 1946 6.07ft
Perm Public Service Corp. 1st & Kef. Mtge. Gs, 1929 G.50ft
x Central Illinois Light Co. 1st & Ref. Mtge. 5s, 1943 G.50ft
fz Mahoning & Shenango Ry.& Lt. Co. 7ft Cum.Pref.Stock 7.75
SHORT TERM ISSUES
U R of a F un ct 4a
3000 .... 26
U S Real & Imp 5s
10000 .... '8
10000 .... 19
5000 .... 8':
2000 .... "8
13 S Rubber Co 5a
2000 .... 88
1000 .... 88 ,4
1000 .... 88V
1000 .... 88
2000 .... 88Vi
1000 .... 8',.j
3000 .... 89
Virginia Rwys 3s
1000 .... 83
'2000 .... 8".
100O 85
U S Steel Corp "
INDUSTRIALS
HlKh Im J.at
Arm foul l'i 1H '
Aotna Kiplole 9 B 1
Atner Marconi O't 5'i 0'
Amer Wrltlni? I'apr .... 12's 12'4 124
Arnal Tir Stnre 1 1 '4 14 14-S
Amer Safety Ilazor 17s, I.1 71'a
llrllNh-Anirr Chem 0 ' 0 n
llrlt-Amer Tobacco coup.. 27 2il8 27
car l.lht 3 3 3
Columbia Emerald 23'j 2't'4 23tj
Otneral Aephalt llf.Vj 12-l 123
Opneral Motors w'l oil 311
Hidden I'hem C.'i fi'g It'.,
lleirle Mfc r.fl -III 4fl
lnJlaii Packlnc -'fi llii. 111',;
t.oM Inc 3.1 IIPa 32i,
North Amer Paper (l' r. j
Republic Tire Rubber.... n 51, ,-Sj
Snows Tountalns 13H la's 13S
Submarine Boat Ill 15 i,u.
V h SUe.im 4 ?.-. 4
Unlterl Ret Candy h imt iri
1'niicd Proflt-Sharlner ... 2ij 2i3 2i
t'nlted Picture Prod lit : in
V Vlviadou Inc 2t' 2.1 f,'.Vi
Wajne Coal ,'.', 5'i, 54
INDKrKNDr.NT OILS
Alliance n'i lit', jnv.
Swift & Co. 212-ycnr Gs, due Aug. 15, 1921 G.lo?J
Liggett & Meyers Tobacco Co. 3-r. fis, due Dec, 1921, 6.209?
Grand Trunk Rwy. Equip. Tr. 4'is, due May. 1920, 6.50ft
f West Penn Power Co. Con v. Del). 6s, due Dec, 1924, 7.00ft
American Gas & Elec. Co. Secured 6s, due Dec, 1921, 7.10ft
t Metropolitan Edison Co. 1st & Kef. 5s, due Aug., 1922, 7.45ft
x Toledo Trac, 1 1. & Pr. Co. 1st Lien 7s. due Dec, 1921, 7.50ft
t Metropolitan Edison Co. Sec. 6s, due Dec. 15, 1920, 7.60ft
h'rer nf I'eniin. '"(iilc Tn. vIViuiii. Stole Tiiv Krfumlrd.
Interest palil ullliout ilriliirllmi fur 2 Normul l'ederal Income Tax,
7 Not BUbJeit to Normal lVcleral Income Thx.
Full description of any of these
issues will gladly be sent on request.
Parsly Bros. & Co.
1121 CHESTNUT STREET
PHILADELPHIA
Bell, Spruce 6170
Keystone, Race 7C0
Members Philadelphia Stock Exchange
11000
5000
0000
1000
10000
51100
2000
4000
5000
000
1000
;
07
07
97
07 Ml
08
08
07
07
07
08
Wabash R R Co 1st
1000 . . . 01
2000 .... l
Wabash RR Co 2ml
20U0 .... 83
We3t Maryland l
1000 .... 5II'
2000 511
2000 . . .. "0
8000 .... 50
West Shore R R Is
1000 .... 71
200(1 .... 74',d
10000 .... 7'.i
4000 00
Miii Company cv
5000
10011
1000
00 u
05
00 1?
HlEli Low
Lib Itomls 3L..S..100.IK) !l!).!Mi
Lib Houils 1st 4i. !).'. 40 'M.'M
Lib liouds LM U. !L'.40 !I1'"0
Lib ISouils lht 4V4s SIU.7N ii:i.(!0
Lib Houils 'M V,-. !H.'.MI '112.6s
Lib H0111K ltd 4Vi- !4..S4 JI4.70
Lib HoniN 4tli 4' th '.ll'.'.lt! U2.NI
Victory Notes Ji", Ufl.ai ii'.UO,
Victory Notci 4;l 1 s W.'M SKt.10
l.n
ri in
!lll.!M
ll.'l.L'O
!l'J.4ll
SW.liO
'.I2.C.S
JI4.71)
II2..S0
Sl'.l.lO
AFioclated
Hell Pet ,
lloone Oil
lloaton Wvomlnp .
Tlurkuett Van Cleavi
Carlh Syndicate ..
Cosden . f'o
Dominion
131k HaBln Pet
KmeraldH Oil
Federal OH
Gllllland
Illenrock OH
Ouffey Gillespie . . .
llomu Oil
Hudson Oil
Inter Petrol
lnlnclble
Island Oil
LMngston
Melrllt Oil
Metropolitan Pet . .
MeT Pan
Midnest Ref
PriinoK "11
Phillips Pot
I'rod &. HeHncrs . .
llyan Oil
Salt Creek Prod. . . .
eollosah Oil ......
Skelly Oil 12'-.
Slnrnis Pet 71'-
TeKs Raucer 1
Tea.M Co w 1 5
Tropical Oil fjj
Vacuum Oaa T
Victnrla oil new 'i
Vulcan Oil !)
White Oil 50
.MININti
lllirh
l'n
32
.111
41!
i ,
2',
5tl
lfi'i
r.3'"
n.'.'.
:i
30" i
45
11'.
2',
. 21
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Cot
l SGIALOIA
INVIAPERLONDRA
I Due Rappresentanti dell'ltalia
Hanno Lasciato Oggi
Parigi
Alaika-Br
Atlnnln
Ilelch. r Divide . .
lVlcl-.i DUWe Ext
Hooth n
llostoit iMid .Montana .... 72
r,lled Mln 34
Canada Copper 14
Caiidelarla 11 T
Cons Copper Minlni; .... 57
CreMson Gold 2's
rmide r.xt i4
411 Jllnlnsr 2U
Gold Cons 11
Gold Pllfr Pick 5
Great nend 24
Hccln. Jllnlnu 4'j
.lumbo Kxten&ion 0
I.otiislHna Co ls
Gold Zona tn
Masun Valley ?.li
Mother Lodn 51
National Tin 11 '3
Mpisslnii 12'n
North Star II
111,10 j onundaco 'J',
liet Luns 11
Rochester Mlnen 21
Ror tiruup
Siler Lead .V
1'onop.ih Hclmont 2'n
ronuuiih Divide I'
Tohopdh Kxt 2s.
Timoprth-Jumbo 11 2:1
Tonop.ili Mining 2'j
Tonopah Mlzpah 10
Tonopnh Montann. 12
Tonoplh Rescue PCula ... 1
l'nli Cold !i'
I'nited Kastern 4'
i tors- Ill
W hlte Caps 0
hlte Cars Ext 2
Uilbert I!
Vrlneton 4
noNns
Allied Packers 0s ft1)1.
V T T 0s. 11122 'iO
T T '. 1024 (IB
.Swedish Govt lis Oil
4
It.
Low
1A
3'4
4'.
0
31
2
114
12'j
11
21
U!
12
IS
!lll
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5
1 -
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I.at '
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311 I
41!
31
IV
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511
11".
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11
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11
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er
SOLID WOVEN BELTING
In every Gilmer plant, production is fa
cilitated by the most modern working con
ditions and equipment. Yet dfe demand for
Gilmer products has increased so rapidly that
even the completion of present extensive
additions will not suffice for the desired out
put. At the Tacony plant, -advantageously located
beside the Pennsylvania Railroad, new build
ings and equipment are now ready for use.
But further additions will be necessary imme
diately to care for the constant expansion of
the Gilmer business.
Tacony
L. H. GILMER CO.
Main Office Tacony, Pliila
Factories in
Allentown North Wales
Millcn, Ga.
Published and Distributed Under
PBItSIIT NO. 341.
Authorised b' the act of October 0
1917. on tile at the Postofflce of Phlla
ielphla. Pa
A R TUTRT.riSON
Postmabter Generil.
Total bills on hand J2 h5 sis fj.iMi.uuii
U P. Government
bonds
lT. S. Victory notes, . ,
IT. S. certltlcntes of In-
uvbtedneMS inii.iniu 273.507
T11t.1l other carnlns
assets J3.lol.S0S J3 OSn.411.1
Pari?l, ." Koniiiiio. II Prinio Ministro
d'ltnlia,' On. Xitti. ed il Miniro ppr
cli Affnri INtcfi Sciuliiiii. olio si tro
vnrnno in nuo'stn rittii' fin ila'abatn,
partirono okkj ilivotti n Lomlrn.
I'ssj fiirniui npplauiliti da una folia
flu ernii udimatu presto In stnzlonp fer
roviaria. Iloma, ft cfiinnio. II I'rincipo von
Riielow. px-cnwrilipro cprnianii'i) e rp
ppntonipnti" invlato in Italia per una
misviionp dlplomatira. p' stnto infor
ninto ohp la sua irpcnza in ipiPNta
pittn' non e' dpsidprnbilp per roRioni
clip potrpbbpro rnusarp fnstidi nl flo
vprno Italiano. cio' spconiio i Eiornnli di
fiui'. In sPRiiitu a tnli nntifien IVx
cancelliprP nndrn' 11 pa-sare rinveni 1
a Liipprnii, Sviz.pra.
Tl Oi'iiprnlp Ctidnrnn, sin' roman
ilnntp in tapo dclle foii-p itiiliiinc nl
fiontp di liattiiuliii iicl I'.HT. Iia miihi
tito clip ritnlia in dcttn anno niniidn'
ncpiiti in Itprnn per prmiii'-tp di inicc al
Ministro iiiistiimv in-r la SrUzcru. l.c
dicliinrazioni del Cadonia .otio state
fatto in spcuitit.allp us-i-moiii cuiitpiiiitc
in una IcttPrn clip rpx-Iniprriilnri1
Carlo d'Auetria lui dircttu a Mto ciikIiio
il l'rincipp SWto ill Ilorbnnp. Scconilo
tulp lcttcrn I I till nrrpblip falto pru
posto di pace cliicdpiido so'tmito lu parte
dol Trcntini) nbitatii d.i italiutii.
Icri fn il prinio clnrnn clio sotto In
lcKKc naziniialc nun fiiniiio tninpati I
Kinrnnli. La 1pkc in pnrnlu pinibNoi'
la stampatura del Kinrnali nci Kimul
di dompnica. I eiornnli die tipparvero
contencvano tutto il lnvuro conipiuto
durante la Riornatn di nbiilo. Lo scopo
della Ipi-'rp 0' fpiollo di ushlcurnrp il
ripoo festivo asli opcrnl tiddctti al
Kiornuli.
La 1i'kp irnvwile iul una niultn ill
dlpciidila lire o la conlisca di'lla pub
blicnzloiip ppr la piinia riolazlnnp n
dcttn lPRgc, o lu soppi-psiioiip del
Kiornnle per la spcuuda iulazionc.
Un corrlsponilculc ill un Kiornalc
nmcrienno, clio avrebbo intcrvisto
Nitti n (iPiiorn, nipntrp era ill iiaHstiEsin
in quella stiaione dirctto a Paricl. tele
Krafn clip il Prcsidcnte del ConsiKlio del
Ministri gli Iia diehlarnto die poue vivo
inter PKee ed nspcttazlonei rispetto 1
ncirozlntl con 1 Jucoslnvl tier imn illmtlo
HihtPinazioue Ui'llu fiuentiune Adriutiea n'ler tl" ii a
L'On. Xlttl cos!' uvrphh.. .lettn 1 'Jr.W'l..? ?l
S23'i.i:no
;ioy.72d
Ui 2U
1220. 1 l-i ,
:-J.78.-i '
Combined Reserve Bank Report
Washington, .Ian. .". Tli. wei-Kly
icport of tbp combined condition of tbc
telvp Federal IlPaervp banks, at tbc
c!ii nf business on Tiidaj, January
'Ji, iiniionnred by the Federal Ili'scrve
Itiinrd, is as follows (000 uinittPil):
RESouncns
Jan
Ciolrl coin and certifi
cates In .ult
field settlement fund
(Sold with foreign
aKencles
Tola! sold held b
btnkK
Gold with Federal He
sere agents
Oolil redemption fund
with U d. treasury
Total sold reeres. $(1, 02,015 J2.U7S.13:
T ntio I tiin.lui nil) up oinii
vrtlficate&, subsidi
ary coin vSK " 57 tot
Total resenca
Bills discounted n-cur-ed
li poprnmm war
oMiffutlona ..,,
All uthei
IUIIs houcht In oixjn
market
annary Investment
Fm
A JX. W(iJl4W.C4A ?
"
V 0IT01, subject to prior Mile or change in price,
RAILROAD BONDS'
Central K. K. of N. J., Gen. 3s. 1)S7
Cairo Bridge lht 4s. 1930
l'2s, 1957..
Illinois Central K. It
Buffalo, Rochester & Pitts. Con
Mobile & Ohio Rwy. 1st 6s. 1927. . .
Duluth & Iron Range, 1st os, 1937 "
(ublillnr.v nf I nlted states steel Corporation)
Penns Ivania It. It. Gen. ."is, 19(58. . . : "
St. Louis Bridge Co., 1st 7s. 1929 "
Pere Marquctto Rwy. 1st 5s, 1D5G
MUNICIPAL BONDS
Kansas City, Mo 3s, 1933
Omaha, Xeb., 4'2s. 1911
Stamford, Conn., ls. 1922
San Antonio, Texas, 3s. 1922-19 '
.to yield 4.95tf
5.107o V
S Kfici. vi
5.50
5.37
5. 109c
G.00
5.90
net, 4.40
" 4.G0
" 4.60
" 1.75
.OUNTZE BROTHERS
1406 Widener Building, Philadelphia
John Henry English, Bell Telephone: Walnut 622
Rcproentalix'. Keystone Telephone: Race 2436
131,320 131. Mil 1
734.i;.'2 71C..ull
1,2(1.1 ,".9tl 1.21il,03.'l , II
122,3117 121 inMi ' ' ' . .
1 .wwo
k' mmMamumr.
up
1. tl'l. -'72
f2.131..13ll
.171.031
:.W1.21J
?2l),S3ll
U4
5211, S34
111
Exceptional Opportunity
nnk prfinlss . . . . y
Uncollected Uini (de
duct tiam troifj de
o?n) Plv't wr cent iPdp-tn'i-Hon
fund ntralnst Pd.
Re,Hrvo ImnK notey..
All other retfourcea . ,
:::r,17i:Uf;2;s,i:s,:l!l,J(S For man of good record, with good com
mercial 01 edit, who can invest $100,000 to
500,000 as special partner in profitable,
line, who will receive no interest in the assets
of the Company, only in the profits
To Net 12 Per Annum
lui.avj na.mi;
1.171.776 1 07.1 loo
i
13 130
.1 7.13
13-237
s lid.'
Total resource .. .1in,iii'ii,il 32.1, i:tj
I.IAUII irn:s U
I'apltal raid In '7 4ST IS7.330
Stlniliia ... lffll.lffll t itk.
Oo eminent deposits 3s U.'u 7J.S57 i K-
t-fUV IV llivillirv 9 I J
env Recount ... l.fl'.'.&OO 1.780.STI
Defpried availability
Item 01 1.854 62S.ilMr
Other deposits Includ
td Tor fio't credit .. ll(J 307 07,tt.v
Total Rrosti Oepohltn l.t.frj.Pll !2.77U,A7ii
Pcth-nU Hone rvf mtteH
In urtual circulation. 2.A0S H02 8.0.17 Slti
Ki1rol HegcMB hank
Address
A413, Ledger Office
k
tiotei. In clrruUtion.
net llKbllltN
All oitn-r llRblllty In-
luOlnK forclsn kov
erumem cr01tK . . .
Total liabilities
Ratio of totul reheren
to net deposit and
rubral Keservn noto
liabilities combined
ItatlQ of Rold reserves
to Federal Hmmrxr
noiea in cirruiHiion,
2.1S.5IS1
ltl.073
201.0.111
.is, 7.11
ja.r.oi, uoo iti.3f.n 132
iiKult' Uabuiuts
13 7'
iV.&tt
419
I
S0.3
Fuel Regulations
do not affect manufacturer, m SAULT STE. MARIE. Michigan. AH
plant, in that city operated full time durinu the recent coal .trike. Why?
Becnu.e they u.e Hydro-Electric Power, which i. now turning turt.;...
companie. in that city have TEN
ana laciory wneei. mere, rower
THOUSAND H. P. additional on th
lacturer. who take advantage ot tin, opportunity. Rate. Rea.onahl
THUUbANU H. P. additional on the market for the nlrnri.. -..-?.:
- -J--B m fllBi'rW
f.LLSJhE:Jyr:. -I.?.1!? !f hY"' hf """celled .Ml.
...v, ,... .. .. u cvcr oomerea uy railway rontre.tU i
. ........ .,
embargoe.
Addre.-COMMERCIAL ASSOCIATION, Snult St. Mar MlrM.
Michigan Northern Powr Cu. c, PcWfo Ul$i?
ifMSj
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