t"
J-1
go
EVENING PUBLIC LEDGER-PHILADELPHIA, MONDAY, JANTJAEY 5, 1920
; ",
,
l
K
f
ft
&l
W
(it
UT'
I"!
i
"If H,
r. jtt
.jt rr
L j
'$
I h 'I
- M
A Bank for Business People
In the Busiest and Most Centrally
Located Spot of Philadelphia
For those in-town or out-of-town, this bank can be
of service to individuals, firms and corporations as
a depositary and a place to get sound business
advice. A spirit of co-operation always prevails.
Being accessible to all transit and railroad lines
means quick action on any banking subject, and
the exactness of the service rendered here means
satisfaction.
Conferences Arc Invited
Third National Bank
In the Center of Things
Opposite Broad Street Station
LONDON STOCK MARKET
Undertone of Securities Good Home
Ralls Irregular Oils Buoyant
London, Jan. 0. While the under
tone of securities ou the stock exchange
vas good, the markets presented a
checkered appearance. The gilt-edged
section was firm.
Home rails were irregular, owing to
the uncertain reception by the, workers
of the government new wage offer.
iiexicaqs displayed strength.
Oil shures were buoyant.
Transport was llai.
Financial Briefs
Shell
LONDON METAL MARKET
Nm rk, Jan ft, Cable adctn reci"Ud
at the New York Metal Eicho.nre thin mnni.
Inir nuotM prices In London a follows! Tin
?pot, tjuo dc. tuiures, tout o. ajia strait,
383 35 all ur 17 lun. Pali's Spot, SO
tons; futures, 070 tons. Standard copper
Spot, 1120, an advanco of ft! futures. 125
10b. a, caln of (4 lis Xa.le Snot. 10(1 tnna.
and futures. 3200 tons. Klectrolytlo topper
oi'ui. nu. luiurcs, iwa, u. cmn 01 tu
for both. Lead Spot, 47 10, an upturn
of tl 15s, futures. 47 lot, a caln of 1 10s.
spelter Spot 60 10s, an advanco of 1:
futures, 01 10s. up f- "s.
Liverpool Cotton
Lherpoo), Jan. 5. There ttas a good
inquiry for spot cotton today, with
nricea strone on the lmt-is nf an ml.
vnoce of 82 points for middling at
20.05d. The nalcs were 10,000 hales.
The receipts were ."0,000 bales, includ
ing 27,000 bales American. Futures
were steady iu the early tradings. Spot
prices were: American, middling fuir,
3,"..73d; good middling. SL'.-iSd; fully
middling, :il.2:;d: middling LD.OSd; low
middling, 27. t."d; good ordinary,
'JJ.lSd; HUtl ordinary, L'll.-JStl.
Tho New York Stock Exchange has
received tho applications to list Detroit
Kdtsou Company, 53,800,000 additional
capital stock and II. O. Penney Com
pany temporary certificates for ?3,000,
000 7 per cent cumulative preferred
stock.
The average price of twenty active in
dustrlal btocks advanced 1.12 per cent
on Saturday to 100.88, while twenty
railroads advanced 0.S0 per cent to
70.48.
Uonbright &j Co., Inc., announce
that Alfred L. Ioomls. formerly of the
firm of'Wintbrop & Stlnson, has been
elected vice president and a member of
the hoard of director?.
The New Tork Subtreasury lost $573,
The New York Subtreasury lo6t $573,-
000 to the bunks on Saturday, reducing
tho cafh net gain since Friday to ?1,-
200,000.
William T. 1. Hall has withdrawn
from the firm of McCown A. Co.
Mullins Body Increases Dividend
ltoston. Jan. 5. The Mullins Body
Corporation declared a quarterly dUi
dent of SI on the common stock, pay.
able February 1 to stock of record
January )". This increases diidcuil
rale from ?3 to SI per annum and was
initial quarterly pajmsnt of 75 cents ou
November 1.
GOVERNMENT BONDS
m.i
Panama roupon Zf 1031 Hfl-j
rananis rrrlaterad 2r. 11)110 . '"fi'y
Panama coiipon Si 193". . t'S'-j
ransma resloterd .'. 103S pt,
ranami lOTprn toCI . SS'S
ranama '.sintered 3s, 16I .. RSH
Philippine 4t. loil . n'j
Philippine 4s, 10V. . . .02
Philippine- Is. loir, n;
U H GOU. oupnir 2s 1030 .100
I' S Clou reentered 2s 1930. 100
U H QOM foupon U. 1112' .. 10V-.
U a Ooit rTlsteri-d 4s. 1P2S .10V4
JJItt of Columbia 3-l),"is 1021. ("7
lOtUi
lOO'I
100U
lOO'J
00'?
1104
0
0
no
loot,
10C1U
loa'i
llUldrnJs
Republic Oil
& Refining Co.
Dividend No. 9
The Tioard of Directors havo declared n
extra dhlrtnd of "V. paplf Jantiarr 10,
to all stoeKholdTS of record January 1.
1B'0, r AVE A .lONEfl. Jr. PretUenl.
lv-ccmlvr 20. 1010.
W
January Investments
THE January Issue of oar
monthly publication, "Invest
ment Recommendations" is ready for
distribution. Wc shall be pleased
to send you this booklet, and to (
give additional information regard
ing investment securities.
A complete list of our other book
lets and pamphlets of interest to
investors will be sent on request.
Guaranty Trust Company
of New York
New York London Liverpool
Capital and Surplus -Resources
more than
Pari Ham Brosaels
- $50,000,000
- $800,000,000
Clayton F. Banks
Correspondent
421 Chestnut Street, Philadelphia
Telephones:
Bell, Lombard 4691 to 4699
Keystone, Main 438
io nrwn.Timmunni'uiiniiEPKiimtiiinmci.iuiuiH I'm'iiiiiiiiiiiiriiHiirminD'iijFiniijmumjrHiinri'npnLrXHnmEiunnuTrU'niEiiiM
, , .,..... a
II
: S
"America's Pioneer Discount Bank"
Foreign Trade Banking
Corporation
35 Wall Stiect, New York City
Opened for Business Afril 15, 191S
: &
: E
: m
5 I
Capital $2,000,000
Surplus (Paid in) 200,000
Undivided Profits (Earned) 457,000
Reserves 95,000
Total i $2,752,000
Total Assets Over $25,000,000 .
Domestic and Foreign Shipments of
Merchandise Financed.
Commercial and Travelers Letters
of Credit Issued.
Foreign Exchange Bought and Sold
Bank and Trade Acceptances
Interest Allowed on Balances
MAX MAY
Managing Director
iMMIMMfflmMWMM
TAX FREE MUNICIPALS
EXEMPT FROM ALL FEDERAL INCOME TAX
$45,000 Adams County, Pa., 4V2s to return 4.25
45,000 Columbia, Lancaster County, Pa., 5...." " 4;E0.5.00
59,000 Up. Darby Tshp., Delaware Co., Pa., 4 t" " -S 4.35
17,000 Tinicum Township, Delaware Co., Pa., 5 u " 4.50
62.000 Tnroop, Lackawanna County, Pa., 5s. ... " " 4.50
451 000 Essex County, N. J., 434 " " 4.45
130,000 New Brunswick, N. J., 434i " " 4.60
195,000 Collingswood, Camden County, N. J., 5.. " " 4.65
65,000 Bogota, Bergen County, N. J., Sy2s. ..." " 4.70
23,000 Audubon, Camden County, N. J., 6s. . . . " " 4.80
75,000 Fairmont, West Virginia, 5s " " 4.85
Full Particulars Upon Request
Telf Lombard 710
711
M. M. FREEMAN & CO.
421 Chestnut Street
Philadelphia
1 1PON request we will mail a
copy of our January circular
containing a diversified list of invest
ments yielding from 4.25 to 8.50 .
LEE, HIGGINSON & CO.
Established 1848
1366 Finance Builiinr,
PHILADELPHIA
r i i. -.iSprue29 92-W8
BOSTON HEW YORK CHICAGO
HIGCIHSON i. CO... LONDON
In Re Reorganization of Fort Wayne &
Northern Indiana Traction Company
Notice to Depositors of Fort Wayne & Wabash Valley Traction
Company First Consolidated Mortgage 5 Bonds under Plan
ofrirf Agreement of Reorganization dated August 18, 1919, and
to Holders of Undeposited Bonds.
Notice is hereby given that the undersigned Committee rep
resenting First Consolidated Mortgage Thirty Year 5 Gold
Bonds of the Ft. Wayne and Wabash Valley Traction Company
deposited under Bondholders' Protective agreement dated Sep
tember 12, 1917, and the Protective Committee representing thu
First and Refunding Mortgage 5 Twenty-Year Gold Bonds and
other securities of the Fort Wayne and Northern Indiana Traction
Company deposited under Protective Agreement dated October 31,
1917, and the Protective Committee representing First Mortgage
5 Bonds of the Lafayette and Logansport Traction Company
deposited under a Bondholders' Protectivo Agreement dated Jan
uary 15th, 1918, have approved of certain revisions of the Plan
and Agreement of Reorganization dated August 18, 1919, under
which a somewhat better representation will be given to the La
fayette & Logansport Traction Compnny bonds and to the Wabash
River Traction Company bonds, and also an additional amount of
tho First Mortgage Bonds of the New Company will be reserved
for expenses and contingencies; also the right will be reserved
to the New Company to issue, with tho approval of the Public
Service Commission of Indiana, at any future time, n class of
securities, which will be subject to the First Mortgage Bonds
but prior to the Adjustment Mortgage Bonds and all junior
securities, in order to assist in providing for the future "re
quirements of the company. Copies of said revisions havo been
lodged with tho Commercial Trust Company of Philadelphia, De
positary, and the Fidelity Title & Trust Company of Pittsburgh,
its agent.
Notice also is hereby given to the holders of the undeposited
First Consolidated Mortgage 5 bonds of the Fort Wayne &
Wabash Valley Traction Company that same may be deposited
under tho Plan and Agreement dated August 18, 1919, as revised,
up to tho close of business January 10, 1920, after which date no
deposits will be received except upon terms prescribed by tho
Committee.
Committee appointed under
Ft. Wayne and Wabash Valley Bondholder'
Protectivo Agreement dated September 12,
1917.
P. M. CHANDLER, Chairman
E. W. CLARK
JOHN M. IRWIN
JOHN n. MASON
A. A. JACKSON
C. S. W. PACKARD
R. LANCASTER WILLIAMS
W. J. DEVINE,
Secretary Pro Tem.
700 Franklin Bank Bldg,
Choose Your January Investments
From These Carefully-Selected
Securities
The following securities are selected from our own list of bonds, short term
notes and preferred stocks, and arc presented for the consideration of those
who have January funds for investment. Attention is called to the liberal yield
at present prices. Offered subject to prior .sale and change in price.
UNITED STATES GOVERNMENT, TERRITORIAL, FEDERAL LAND BANK AND WAR FINANCE
CORPORATION BONDS , Apprexim.t.
. , Mnurity YltU '
Rcffitterad 4 . After Feb. f, 1025 2.72
Coupon 4t After Feb. 1 , 1 925 2.72
Panama 3 June 1,1961 3.45
Liberty 3H June 15, 1947 opt. '32 3.49
Conrenlon 3 Jan. 1,1946-1947, 3.BO
Victory 3 ?i May 20. 1923 opt. 22 3.90
Hawaii Public Imp. 4t Sept. 15, 1 949 opt. '39 4.20
Liberty lt 4 June 15, 1947 opt. '32 4.36
Federal Land Bank Farm Loan 5i May I, 1938 opt. '23 4.37
Federal Land Bank Farm Loan 4 $ a May I, 1939 opt. '24 4.60
Federal Land Bank Farm Loan 4 Ja May-Nov. I, 1937 opt. '22 4.50
Liberty 2nd 4 '. Nov. 15, 1942 opt. '27 4.53
Liberty lt Conv. 4H .... June 15. 1947 opt. '32 4.60
Liberty 2nd Conv. 4U Nov. 15, 1942 opt. '27 4.76
Liberty 4th 4U Oct. 15, 1938 opt. '33 4.80
War Finance Corporation 5 April 1 , 1920 4. 85
Victory 4?4 May 20, 1923 opt. '22 4.00
Liberty 3rd 4 M Sept. 15, 1928 4.68
STATE AND MUNICIPAL
Pytblt
New York Slate reg. 4 '2 M-S Sept. 1,1963 4.10
New Haven, Conn., cpn. 4 Jgi M-S I 5 Mar. 15, 1927-34 4.30
Buffalo, N. Y., reg. 4s and 4 1 J-D 15 June 15, 1960 and '64 4.35
Schenectady, N. Y., reg. 414a M-S Sept. 1,1921-24 4.35
Boro of Munhall, Pa., Sch. Ditt. cpn. 4& -J July 1,1936-48 4.375
Mount Vernon, N. Y reg. 4 M-N Nov. 1,1920-39 4.40
Maditon, Wuc, cpn. 5s Apr. I April I. 1928-35 4.50
New York City cpn. 4, 4J4 and 4 M-N 1957-59, '60 and '67 4.GO
New York City reg. 3ia M-N Nov. 1,1928 4.50
Cuyahoga Co., Ohio, cpn. 4s , A-O April 1, 1922 4.60
Cuyahoga Co., Ohio, cpn. 5s A-O Apr.-Oct. 1. 1926-27 4.60
Davier. Co., Ind., cpn. 5s ' M-N 1 5 May-Nov. 15,1 922-25 4.60
Atchison, Kans,, Sch. Dist. cpn. 4 ?4s J-J July 1,1945-49 4.60
Montgomery Co., la., cpn. 5s J-J July 1,1929-35 4.60
Atlantic Co., N. J., cpn. 4?4s J-D 15 lune 15, 1929-31 4.65
Logan Co., Ohio, cpn. 5a J-J Jan. -July 1. 1928-29 4.65
Salt Lake City, Utah, cpn. 4s A-O April I. 1925 opt. '15 4.70
Dayton, Ohio, cpn. Ss J-D Dec. 1,1927 4.70
Hamilton, Ohio, Sch. Diit. cpn. 5s J-D Dee. 1,1926.34 4.70
Scioto Co., Ohio, cpn. 5s M-S Sept. 1,1932-38 4.70
State of South Dakota, cpn. 5s A-O Oct. 1,1932-38 4.70
Oklahoma City, Okla., Sch. Dit-cpn. 5s A-O April 1,1930-39 4.75
Rock Co., Minn., 5s M-N Nov. 1,1929-36 4.75
I.oj Angeles Co., Cal., Flood Cont. Disl. cpn. 5s J-J July 1,1924-57 4.75
Chatham Co., Ga cpn. 4as F-A Aug. 1.1923-24 4.78
San Francisco, Cal., cpn. 4 ! J-J July 1,1937-46 4.80
San Diego Co.. Cat., cpn. 5s I-30&D-3I Dee. 3 1, 1949-59 4.80
San Antonio, Texas, cpn. 5s M-S Sept. 1, 1926-27 and '44 4.80
Tucson, Ariz., cpn. 5s J-J 2 July 2,1934-49 4.85
Houston, Tex., cpn. 5s T-A Aug. 1,1932-43 4.85
Washoe Co., Nev., cpn. 5Js J-J July 1,1924-29 4.90
La Salle Parish, La., cpn. 5s A-O Oct. 1,1925-44 S.OO
Halifax Co., N. C, cpn. 5s M-N Nov. 1,1928-49 5.00
Tom Green Co., Tex., cpn. 5 Igs , M-N May 1.1935 5.05
Titus Co., Texas, cpn. 51-38 A-O 10 Apr. 10, 1927-43 5.0S
Nacogdoches Co., Tc.i.. cpn. 5ts A-O 10 lune 2,1929-49 fl.lO
Mississippi Co., Ark.. D. D. No. 17 cpn. 5 K-A Aug. 1,1937 8.25
Franklin Co., Ark., R. D. No. 1 cpn. 5s F-A Aug. 1,1927-38 3.25
Sabine Co, Tex., cpn. 5 &s '.....' J-J Jnn. 1,1947 S.23
CANADIAN GOVERNMENT, PROVINCIAL AND MUNICIPAL BONDS
Payments to be made in U. S. Funds
' Psysble
Dominion of Canada cpn. 5 ), . F-A Aug. 1,1921 6.18
Dominion of Canada cpn. 5 F-A Aug. 1,1929 6.25
Ottawa, Ontario, cpn. 5s J-J July 1 , 1926-31 6.25
Province of New Brunswick cpn. 5a J-D Dec. 1,1929 6.28
Province of Ontario, cpn. 5 Vt A:P,S pr- ,5, ,922 6-30
Montreal, Quebec, cpn. 6s J-D Dec. 1.1922 6.50
Montreal, Quebec, cpn. 6s M-N May 1.1923 v 6.80
Greater Winnipeg Water Dist. cpn. 6s J-J Jan. I, 1924 6.50
Province of Manitoba cpn. 5s A-O April 1,1922 6.50
RAILROAD AND INDUSTRIAL BONDS
Anaconda Copper Mining Co. Secured 6s Jan. 1, 1929 6.40
Baltimore & Ohio R. R. Co. Prior Lien 3Ji July 1 , 1925 7.00
Central Argentine Ry. 6 Conv. Gold Notes Feb. 1,1927 8.50
Central of Georgia Ry. 10 yr. Secured 6s June 1,1929 6.95
Chicago, Burlington & Quincy R. R., HI. Div. 3 W July 1,1949 5.10
Chicago, Burlington & Quincy R. R., Nebraska Ext. 4s May 1,1927 S.30
Chicago, Milw. & St. Paul Ry. Deb. 4s, (Now Mtge.) July 1,1934 8.50
Chicago, Milw.& St. Paul Ry. Gen. iRef. 4 Us Jan. 1,2014 7.40
Chicago, Rock Island & Pacific Ry. 1st and Ref. 4s Apr. 1,1934 7.80
Cuba R. R. 1st Mtge. 5s July 1,1952 6.70
Fla. East Coast Ry. 1st Mtge. 4 Jji June 1,1950 5.85
Grace Steamship Co. Marine Equip. 6s Dec. 1,1922 6J6
Grace Steamship Co. Marine Equip. 6s Dec. 1,1923-2" jb'H. s &
Grace Steamship Co. Marine Equip. 6s Dec. 1,1928-33 N&toeji
Gt. Northern Ry. 1st & Ref. 4 H July 1,1961 5.20
HI. Central R. R. Secured 5s Jan. 1,1934 6.20
International Merc. Marine 1st and Coll. Tr. 6s Oct. I, 194 1 6.40
Lake Shore & Mich. So. Ry. Deb. 4s May 1,1931 S.85
Midvale Steel & Ord. Conv. Sinking Fund 5s Mar. I, 1936 6.50
New Orleans & Northeastern R. R. Ref. 4 a Jan. 1,1952 6.00
N. Y. Central and Hudson River R. R. Deb. 4 May 1 , 1 934 B.flO
Pennsylvania R. R. Gen. Mtge. 4)s Juno 1,1965 3.40
Virginian Ry. 1st Mtge. 5 May 1,1962 6.00
PUBLIC UTILITY BONDS AND NOTES
American Public Service 7 Notes Mar. I, 1921-23 7.00
American Public Service 1st Lien 6s Dec. 1 j 1942 6.77
Chicago North Shore and Milwaukee 7s Junel5, 1921 7.00
Ft. Dodge, Dos Moines & Southern 5 Dec. 1,1938 6.90
Fort Dodge, Des Moines and Southern 5s Dec. I, 1924, '29 and '35 6.90
Mahoning & Shenango Ry. & Light 1st 5s Nov. 1,1920 7.49
Mahoning St. Shenango Ry. 4: Light 6s Nov. I, 1920 7.23
Michigan R. R. 1st Mtge. 6s May 1,1924 7.38
Monotigahela Valley Traction Genl. Mtge. 7s July 1,1923 7.50
Northern Ohio Traction & Light Secured 6 June 1,1926 7.27
Northern Ohio Traction & Light 1st Lien 5s Aug. I, 1956 6.60
Potomac Elec. Power Gen. Mtge 6s July 1,1923 6.80
Public Utilities Co. (Evansville) 1st & Ref. 6s Ian. 1,1929 7.37
Rochester Railway & Light Gen. Mlg. 7s Sept. 1, 1921 .00
(Now Rotheiter G 4. Elec. Corp.)
Southwestern Power & Light 1st Lien 5s June 1, 1943 6.70
Toledo Traction', Light & Power 1st Lien 7s Dec. 1,1921 7.56
Topeka Railway & Light 1st Rfg. Si Aug. I, 1933 7.35
SHORT TERM NOTES AND FOREIGN GOVERNMENT BONDS
American Tel. & Tel. Co. 6s Feb. 1,1924 7.15
American Tobacco Co. Serial 7s Nov. 1,1921 6.10
American Tobacco Co. Serial 7s Nov. 1,1922 6.20
Anglo-French Loan 5s Oct. 15, 1920 9.50
Bethlehem Steel Co. Serial 7s -. July 15, 1923 6.75
Chicago, Burlington & Quincy Jt. 4s July 1,1921 7.30
Delaware & Hudson Co. Coll. Tr. 5s Aug. I, 1920 6.75
French Cities 15 yr. 6s Nov. 1, 1934 6.80
Jacob Dold Packing Co. Serial 7s ,Vv-'5i "23 6.B0
Japanese Government 1st 4?s Sterling Loan (English stamped) . . . Feb. 15, 1925 9.00
New York Central R. R. Coll. Tr. 6s Sept.15, 1920 6.50
Pennsylvania Co. 4Js Loan Ctfs J""0!?' '221 6'30
St. Paul Union Depot Guaranteed 5 Dec.15, 1923 3.75
Susquehanna Silk Mills Serial 6s Apr. I, 1925 6.65
United Kingdom of Great Britain and Ireland Secured 5s Nov. I, 1921 7.70
United Kingdom of Great Britain and Ireland SJii Nov. 1 , 1922 7.25
United Kingdom of Great Britain and Ireland 5 i s Aug. 1 , 1 929 6.20
U. S. Rubber Co. 7s Dec. ,923 6.10
Waltham Watch Co. 6s Aug. I, 1924 6.20
PREFERRED STOCKS
Dividend Psysbls
Firestone Tire & Rubber Co. (par $100) 7 Q"". Feb. 1 5 6.95
Graton & Knight Manufacturing Co. (par $100) 7 Quar. Feb. 1 5 , 6.95
Timken-Detroit Axlo Co. (par $100) 7 Q"r- Mar. 1 8.99
Descriptions of any of the above issues' will be sent to you upon request.
Complete January Offering will be sent upon request for PE-'J75. ' j
The National City Company
Correspondent Qfltew Mora TAon Fifty CUica
Philadelphia1421 Cbetnut St
Atlantic fCity Chnlfonte Block, 1225 Bowdw&lk r
i
Philadelphia
1 iff f
mrr
.- ,M ,V
A J.al V
PTTp " "HH
miiMZ
.. .. ..,... -,
HWlMMMBfr! I "BtrnHaM Ml