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, VM'
EVENING' PUBLIC LEDaER-HItiADECPHIA; WEDNESDAY, JANTTABY 7, 1920
..., , , .. . . i , , . ,t.. ...... ' -.-- ., .. .. i
I
What's
Coming
Babson'a Mercantile Bui
letin which will be off
a nrpoa about January 1,
ffjll carefully analyze the
Outlook
for 1920
?
It will discuss the extraor.
Snary conditions of busi
ness here and abroad.
As we face a period of rad
L reconstruction this bul
Win is of special interest
to manufacturers dhd mer
chants. Report on Request
a . copies of this Special Bul.
" letfo are available for distribution
to interested executives, giau
Tear out the Memo right now and
hand it to your stenographer when
tou dictate the morning s mail.
UmhiailihrBaUtila 34 AK
lb Babson Statistical Organization
inal OwtnUatjsiiefBtainas Advisers
TEAR OFF HERE
f-in fnr Sfenatrrcmher I
J Write Roger W. Babson. President
I of the Babson Statistical Organ!- I
.!!. P19cut pnd comes of Bul. I
letin 34AK-"7Vie Outlook for I
jyZUr ami ue"a ( w -
from Your Money- graus.
rJTV! coT
r
Vguii.piNafltiy
Ak for January
Investment Offerings
A wide range of securities.
A wide range of maturities.
A wide range of yields.
A carefully selected and broad
ly diversified offering of se
curities giving much valuable
information as to the various
issues listed.
Circular idll he sent upon request
for rr-S74
TheNationalGty
Company
Corrwrondtn affces In over SO CUies
PtiUdelpMs 1421 Cheitnut Street
Atlantic City Cbalfonte Block
1225 Boardwalk
THE TURN
VMM
OF THE TIDE
THE TIME TO BUY BONDS IS WHEN
THE PRICE IS LOW AND THE YIELD
Is HIGH. THAT TIME IS NOW.
STUDY TUP CUII-lCMorr rr.in pimi
YOUR COPY OF "THE TURN OF THE
IIUCi
BAKER, AYLINti & YOUNG
LAHn TITI F RMII nmi!
BOSTON PHILADELPHIA
EQUIPMENT BONDS
Railroad
Tank Car
Marine
FREEMAN & COMPANY
J'mbers N,w York Slock Eschanso
M PIMJ ST.. NUW 1-OBK
Private Wire to New York
Call Lombard 4680
1NC0MR TAY dctiidmo
tlwrporatlona. rartntr.hin. ji.,m..... ...
C7rT" .' 'rmly ft Govt.'"'
UrPoration Tax Service Co.
-... wim ii H :. H I n . m HrNlinntMiaiMiiM.iiii.
' '"- iNllllllNim!'.4
BATTLESu&CO 1
Investment Seeuitien I
i Establiiti.. man H
dependence Sonar. F.f i
rlaBHHIliriframaiii'miTB,,,:
iwiiian mmi in M Hi?
i ?N
NEW YORK BOND SALES
Summary 0f Individual Transactions on New York Exchango
Adams Express 4s
innn BR
Am Am & C Co
7000 .... 08
2000 .... 08Ji
1000 .... DSOi
innn .... 08Vt
Am Ar. net Co
1000 .... SB'j
11000 .... SOVj
eooo so
Am Tel & Tel
innn .... 10
1000 ... tOVi
61
Es
clt
. TOM
Tel
82
, 83
. 83
. 83
83 Vi
2000
Am Tel
10000 ,
1000 ,
2000 .
100O
nnnn.
Am Tel & Tel 6s
2000 .... 00
200O toli
4000 .... 09-)i
1000 ...
1000 .... 00
iooo .... on1)!
Anelo-French Bs
6s
11000
10000
3000
3000
7000
3000
0000
0000
4000
1000
10000
2000
1000
1000
2000
nooo
3000
8000
1000
40000
35000
250000
1000
5000
10000
00
00
O0V4
00
O0V4
00
08
06W
00V4
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00 1
00
Armour & Co 4V4s
iOOO .... 83
1000 .... 83
Atch T & S F adj
4000 .... '1
1000 .... 71
Atch T & S F 4s
2000 .... 80
2000 .... 80
3S00O .... 80
10000 .... 80
Atl Coast Line clt
3000 .... 72
At Coast Line 4V4s
5000 77
4000 .... 70
Bait & O P L K &
West Vlr Ss 4s
2000 .... 00
"B & O Sweat 314a
2000 .... 78
Baltimore & Ohio cv
8000 .... 04
0000 .... 01
0000 .... 04
10000 .... 03
5000 .... 64
2000 .... 03
1000 .... 04
1000 .... 04
4000 .... 64
3000 .... 64
2000 .. .-. 64
2000 .... 63 .
2000 .... 03
1000 01
0000 .... 64
5000 03
Bait & Ohio 3S
3(100 .. 82
nnnn .... R3
Baltimore & Ohio 4s
3000 .... 68
1000 .... 08
nnn 004
Baltimore & Ohio Bs
5000 .... oo
1000 .... 05
2000 .... 66
2000 .... 66
2000 .... 05
snnn 67
Baltimore & Ohio 6a
1000 .... 00
7000 .... 00
2000 .... 00
3000 01
2000 .... 01
innn ... 01
Beth Steel Corp fd
15000 .... 87
nnan .... 87
Beth Steel Corp Bs
innn 88
Brook Rapid T ct 7s
20000 .... 41
17000 44
nnnn .... 43
Brk Rapid Trans 7s
5000
17000
2000
3000
1000
5000
1000
45
45
48
40
47
47
48
Bush Term Bids 4s
1000 .... 79
innn .... 701A
Bush Terminal Gs
2000 .... 80
Cent Leather Co Bs
6000 .... 07
5000 .... 07
3000 .... 07
4000 .... 07
1000 .... 06
onnn .... 07
Central Faciflo 1st
1000 .... It
Central l'aclflo 3s
18000 .... 81
Chs & Ohio s
1000 .... 1BH
Ches & Ohio 5s
innn .... D31.&
Ches & Ohio cv 4fto
1000
2000
2000
10000
2000
3000
2000
5000
17000
6000
70
75
76-
76
76
70
75
76
70
.'76
Ches & Ohio cv Bs
CnTnTT:
c V " '"rower
Second Preferred Slock
RFPn a .. . .. -
WEST pStV KUAN & CO.
1000
3000
0000
1000
8000
2000
1000
Chicago
, 5000
I Chi &
80
.... 80
80
. ... 80
. ... 80
80
80
& Alton 3B
.... 40
Alton 3 Ji a
raWYAwwv
" Av.v. v: .TOX'&&WHWKMMIAVM
...v.v.v.vw
:
BUILDERS' 1
Will nrrw
I Dor8, Sash. MmiM;nn. I
s Cni.,' :: -g
.-.lIO 1-4 IC.
THE HANEY-WHITE CO.
Plant
"th and Glenwood Ave. I
"Wen an J iu i :::?
iand Glenwood Ave,
bsllmatea (kn :3
.. t. .., r- -v-TtWiMirafwC 1. oo V A ' .
3000 .
Chi Bur
iooo .
Chi B &
2000 .
Chi n &
6000
31
Q neb
02
11 3s
75
11 4
81
Chi It & Qulncy 4s
iooo
4000
2000
5000
10000
1000
14000
2000
3000
6000
34000
30000
1000
6000
1000
05
05
06
05
05
05
05
05
05
05
05
06
05
05
05
CM & Erie U R 1st
3000 .... 83
Chi Gas L & C C Bs
5000 .... 80
Chi & Grt West 4s
iooo
1000
1000
2000
1000
1000
57
57
56
57
. 07
HZ
8000 .... 62
2000 .... 63
C M & St P CV 4a
10000 .... flsvi
1U0U
1000
5000
1000
1000
08
08
08
6804
68
Chi M & St P CV Bs
5000 .... 67
2000 v... 67
CM ft St V fd 4 Ha
5000 .... 61
1000 .... 60
15000 .... 60
1000, .... 60
1000 .... 50
Chi & N W ext 4s
Qnnn . m
Chi Pncu Tool Co 7b
12000 .... 108
Chi. R I & Pac fd
1000 .... 67
3000 .... 07
3000 .... Il'i
2000 .... 07
Chi & West Ind 4s
1000 .... 60
Chllo Copper Cs
1000 .... 84
5000 .... 84
5000 84
1000 .... 81
Chfl 'Conper1 7s ' "
1000 ....107
Cof N t 4s of
Nov B7
4000 ....100
C of N Y 4s of B8
1000 .... 80
City ot Paris 6s
1000 .... 02
5000 .... 02
3000 .... 02
3000 .... 02
1000 .... 02
1000 .... 02
10000 .... 02
C C C St L ginls
2000 .... 64
Cleve L & Wheel Bs
2000 .... 84
10000 .... 84
5000 .... 84
10000 .... 84
Lehigh Val en 4s
16000 .... 82
5000 .... Al
Man 151a Ry flto, 4s
2000
8000
2000"
1000
10000
2000
60
00
00
60
60
60
M Steel & O Co Bs
6000
3000
1000
1000
5000
1000
85
85
83
85
85
85
Minn & St Louis 4s
1000 .... 38
MLS & W R ext Cs
5000 .... 02
Mon Valley T Co 6s
1000 .... 71
2000 .... 71
10000 .... 71
Mo FacltlO
1000 ...
1000
4000
1000
0000
2000
1000
cm 48
68
08
68
68
58
50
50
3000 .... 61
1000 ... 00
2000 .... 01
Southern Rlwya Bs
2000 .... 86
25000 .... 87
St L & San Fran a
3000
1000
6000
2000
3000
10000
01
01
01
60
61
61
St L & San Fran In
1000
10000
4000
2000
3000
3000
6000
5000
44
44
43
44
41
41
44
St J-. & San hcun A
10000
Consol
5000
2000
10000
CV
01
Gas Co
00
00
09
Denver & Rio G fd
1000 .... 45
Den & Rio Grand 4s
1000 .... 07
Dom of Canada '21
2000 .... 97
7000 .... 07
1000 .... 07
Dom of Can of 26
2000 03
Erie General Lien
6000 .... 42,
1000 42
Erie Rail Rd Cv A
Mo ICans & Tex fd
6000 .... 38
Mo Kan & Texas 4a
5000 .... 60
4000 .... 00
National Tube C Es
8000 .... 03
Nasuu Elec Rly 4 s
2000 .... 20
N O Tex & Mex Bs
3000 .... 51 i
N YC & II RR 3
3000
0000
4000
NYC
1000
3000
NYC
4000
1000
10000
2000
1000
0000
3000
1000
N Y N
3000
1000
08
.... 67
.... 07
&'U RR 4s
.... 81
.... 81
& II R R 6s
.... 02
02
03
02
02
.... 03
.... 02
.... 02
H & H 64
... 71
71
1000
. . 37
Erie Rail Rd ov B
1000 30
Eric Rail Road 4s
6000 .... 54
nnnn . Mi
General Electric Bs
5000 .... 94
Green B & W Ry B
7000 .... 7
Hocking Valley 4
6000
Hudson
2000
Hudson
5000 ....
H & Tex C
1000
72 .,
& Man In
, ... 10
i: Man fd
72
RR lot
93
111 C Lou Dlv 31,4s
5000 .... 69
noon .... 69
Illinois Central 5s
2000 .... 93
2nnn .... 934
Illinois Steel Co 4
1000
4000 ..
10000 . .
5000 ..
Imp Jap
5000 ..
,10000 ..
4000
2000
83
. . 83
. . 83
.. 831A
Govt lsfi
. . 81
. . 82
. . 80
80
Imp Jap Govt 2nd
iooo .... 81
Imp Jap Gvt 2d BS
3000 .... 77
0000 .... 77
nnn .... 76
Im J Gov la ens sta
6000
4000
2000
15000
2000
3000
1000
78
78
79
79
79
79
79
I J G French sta 4s
4nnn 65
Imp Jap Govt 4s gs
1000 or.
17000 .... 65
innn .... as
Indiana Steel Co Bs
6000 .... 93
2000 03
InterAgr Corp Bs
0000 .. . 84
annn .... 81
Inter Mer Marine 6s
2000
1000
5000
2000
2000
15000
3000
5000
05
04
05
94
95
05
05
05
Interb Met Co 4s
18000
20000
35000
10000
25000
20000
15000
10000
6000
21000
3000
4000
45000
50000
10000
11000
25000
17000
2000
2000
1000
20000
5000
Int R
2000
2000
2000
1000
2000
3000
6000
10000
3003
10000
1000
7000
12000
vlOOO
2000
0000
oooo
10000
1000
18000
10000
on oo
IOOO
10000
K
10
10
17
17
17
17
17
.... 17
.... 17
.... 17
.... 17
... 17
.... 17
.... 17
. .. 17
.... 17
.... 17
...vm
..rr 17
17
.... 17
17
.... 17
.... 17
"17
Tran Co fd
.... 55
.... 61
.... 54
.... 54
.... 54
.... 54
.... 55
.... 55
.... 56
.... 65
.... 56
65
.... 65
.... 55
.... 55
.... 55
.... 65
.... 65
.... 55
.... 65
.... 55
.... 55
.... 65
55
Kar
C F S & M Ry 4s
6000 .... 76
Kan City South 3s
iooo .... 50
nuns City So Es
4000 .... 74
5000 .... 73
Kan C Term Rly 4s
iooo .... 70
5000 .... 70
I.nck Steel C of 23
2000 .... 04
L S & M S 34s
2000 .... 60
L 8 ft M S 4s of 3J
13090 .... 86
.. SOU
SAMS 4s ot 31
'3J00 ,.., ,
N Y Cent L S 3is
10000 60
N Y Gas & Eleo L
H & Power Co Es
10000N, . ..'. 84
N Y L & W R It 6s
6000 ....100
N Y Rwys ct 4 s
12000 20
N Y Railways 4s
6000 .... 30
10000 .... 31
New York Rwys Bs
5000 .... 7
10000 .. .. 7
10000 .... 7
10000 .... 7
N Y Telephones 4
10000 80
1000 .... 80
1000 .... 80
N Y Telephones Cs
6000 .... 05
0000 .... 05
6000 .... 05
2000 .... 08
N Y W C & B 4s
1000 ... 37
Nor & Southern Bs
1000 .... 61
Nor : West Dlv 4s
6000 .... 70
Nor & West cv 6s
10000 ....104
1000 ....101
1000 101
iooo ...,toi
1000 101
Northern Pacific 3s
4000 .... 73
2000 .... 65
1000 .... 55
10000 .... 55
Nuiilurn Pacific 4s
1000
3000
1000
1000
2000 '
2000
23000
300O
3000
5000
25000
10000
1000
iooo
60
58
58
58
69
59
58
58
68
58
58
59
69
58
RB
S
INTEREST
CENTER
OILS
Both tosues of Gilliland Make
Now High Records As-
phalt Strong Feature
MONTGOMERY WARD ACTIVE
5000
5000
6000
7000
78
78
78
78
Ore Wash RR Co &
Navl Co 4 s
Oregon Short L 4s
6000 .... 85
6000 .... 85
Orgon Short L 6s
1000 .... 84
Pacific Tel & Tel Bs
1000 ... 87
Penna R R en 4s
1000 91
Penna RR 4Hs '21
6000 .... 97
Per.na R R gin 4V4s
5000 .... 81
5000 .... 84
11000 .... 83
1000 .... 83
7000 .... 82
8000 .... 83
Pennsylvania RR Bs
1000
1000
2000
5050
3000
1000
20000
6000
4000
5000
15000
15000
200O
1000O
1000
92
02
02
02
02
92
02
03
92
02
02
92
92
92
92
Bs
Pera Marquetto
4000 87
1000 87
1000 87
r S & L Erie cv 22
4000 .... 88
Reading R R Co 4s
1000 81
Rep Iron & S Co Es
15000 .... 95
Rep of Cuba B 4&s
2000 76
ROW Ry clt 4s
6000 .... 62
Rk 1 Ark & L 4s
St L & San Fran B
1000 .... 71
1000 .... 71
10000 71
1000 .... 71
St' L & Swest 1st
1000 64
2000 ' . .. . 84
5000 .... 01
1000 .... 04
6000 .... 64
St L & Sowest Bs
5000 .... 58
St L & So West en
3000 .... 51
SlLlM So Hy 4a
2000 .... 76
St L & I M S Ry Bs
6000 .... 03
St L I Mt& South
Rlv & G Dlv 43
1000 .... 70
StP M & M RR 4 ft
1000 .... 02
St &. N P 6s reg
1000 ....100
Tenn Coal, Iron &
R R Co Bs
5000 .... 00
Texas Company 6s
3000 105
Third Ave Rly adj
2000 20
Third Ave Rly 4s
1000 .... 50
U K Of G B & I 21
1000
6000
2000
5000
2000
11000
1000
10000
7000
5000
8000
00
06
00
00
06
00
00
00
00
96
00
Untd KotGBsI
1-Cts of '23
18000
5000
32000
1000
1000
05
00
95
95
95
Untd K of G B & I
rets of '29
1000,
40000
2000
2000
0000
4000
EOOO
5000
12000
1000
1000
2000
11000
40000
6000
05
05
05
05
05
03
05
05
05
05
03
05
95
95
05
New York, Jon. 7. Gilliland Oil
made a further advance to above 60 in
trade on the curb today, agalu lifting
its high record. The preferred also
mmlc n new high record, advancing to
above 120.
Other stocks in the oil group were
active and strong, with the acquisition
of vthp Millikln Refinery at Arkansas
City, Kas., by the Stnims Co., furnish.
ijig' the reason for the high level at
which that stock lias been established,
General Asphalt was another strong
feature, moving up from 11G to 120
during tho forenoon, and there was a
strong tone to Home Oil, which rose
from 7 to 7. Dominion Oil ranged
irom uti to ai.
JIontcomcr.v-Wnrd also showed a
strong tone, with n good amount of bus
iness ot 2!) to 20. Submarine Boat
sold at 149 to 154 and Marconi was
traded in nt G,4 nnd C.
INUUSTRLM.S
High
Acmft Coal it;
Am Marconi H 0'j
Amal Tiro Stores l.Vi x15
British Am Chcm 9 .' H
Brit-Amcr Tobacco coup. . 28
Car i,Kht 3Ji
Columbia Emerald 234
Colonial Tiro 10t
General Asphalt 119
Gen Motors 35
Hayden Chem fl
Hupp Motors 15'S
Loows ino 32
Mercer Motors aiiH
Montgomery Ward 39
Nor Am Paper ft7
Perfection Tire 3'4
Radio Co 2
Republic Tiro Kub BS
Snows Fountains 13.
Submarine Uoat 15lI
U S .steam 4
United Ret Candy 184
United Profit sharlnar ... 2i
Waine Coal 5
STANDARD OILS
Ohio Olt 888
South Penn Oil 327
Standard Oil N J 735
INDEPENDENT OILS
Alliance IR'i
Associated 2
Allied Oil 'i
Atlantic Pet ,. 3'5
Dell Petrol 2',
Bcuiie Oil V
Burknett Van Cleave 2T
Carl b Syndics to 4!
Cities Serv "B" ctfs 43
Cosden & Co 10
Dominion 38
Klk Basin Pet B.
Urtel Oil "1A
Ksmeralda Oil 'J
Federal Oil ., 4S
Glenrock Oil 3H
Gurtey Gillespie 37
Ollllland eoi?
Home Oil 7
Inter Petrol 7)
iDland OH 6S
Indlahoma Ref 91Z
Ltvlntston 2tl
Merrltt Oil 20s.
Metropolitan Pet 3 a.
.Mex Pan 21
Midwest Texnn . . . a'.
Midwest Hef 172
ior ,mer ULl 6
Pennok OH tiU
l'hllliri!. Tet 00 '
Prod & Keflnera '.'. io
Rlckard Texas 2
Salt Creel: Prod 812
Low Last
1'4 l'i
lli OS
' B'i 0
3'i 3s!
23 23
(P'4 10
113 119
34 34
r.i r.;
141 ml
31 4 31 H
H0'4 30W
.1!) 39
r.'i 5'4
31' 3H
5S 5"4
13'? 1&
14i 15
3' 3T4
18 18
2 2H
4'4 47,
388 38R
327 327
735 735
184 16V4
Kapulpa Kef ...
ftKeuy un
HImms Pet
fapenrer Pet ....
Stanton Oil ....
Texas Ranker . .
Tropical Oil ...
vacuum Has
Victoria Oil new
Vulcan OH ....
Whlto Oil
Alas-Br Col . .
Arizona Silver
Atlanta
Belcher Divide
Belcher Divide
Booth
Host 4 Mont . .
Caled Mln ..
Canada Cop . .
Candelarla it
ons cop .vt
MINING
61
127i
08
19
4'
&3
486
?!
IS
48
43
Vi
37
an
B9S
7
J!
20..
170
r.
44
49
7
12Ti
67
19
I?
22-
l':
4SH
48
..
9!
37
9
4I
31
00U
7
70
6'i
2' J
2&
2lH
170
5
04
85
&
40
7H
12
08
11)
-J"
1
l
IS
8
464
$1,400,000
Kentucky & West Virginia Power Company, Inc.
First Mortgage 6 Gold Bonds
' MMrT'TzTl
-to.
Dated August 1, 1919.
Duo August 1, 1949.
THE PENNSYLVANIA COMPANY FOR INSURANCES ON LIVES AND GRANTING ANNUITIES, AND
JAY GATES, TRUSTEES, PHILADELPHIA, PA.
'' Interest payable February 1 and August 1
, Redeemable as a whole, or in part, at 103 and interest on August 1, 1924, or any interest date thereafter.
Tax refund in Pennsylvania, and the Companv agrees to pay the norrnal
Federal Income Tax not exceeding 2
The Company owns and operates three modern electric light and power
plants in Kentucky and West Virginia (on two of which these bonds are, in
the opinion of counsel, a first mortgage) and furnishes power and light to the
towns and mines in the well-known bituminous coal fields of western West
" Virginia and southeastern Kentucky, known as the Logan, Tug River and
Hazard Fields, serving a population of about 1 10,000,, The Company is at
present supplying' under long-term contracts approximately 46.368 h. p. in
motors and it is estimated by the Company that at least 18,000 h. p. addi
tional will be added in the next twelve months.
v
Messrs. Day & Zimmermann, Inc., Engineers of Philadelphia, have
placed the valuation of the property as of July 31st, 1919, based on costs to .
reproduce new, as largely in excess of the present bonded indebtedness, and '
have estimated that for the two-year period from July 31, 1919, to July 31,
1921, inclusive, the net earnings will be 2.7 times all bond interest.
A Sinking Fund of 1 of the face amount of all bonds outstanding com
mences in 1924, increasing to 2 in 1934.
All legal matters in connection with this issue have been passed upon ' "
by our counsel, Messrs. Towmend, Elliott & Munson, for the bankers, and
Messrs. Ballard, Spahr, Andrews & Madeira, for the Company,
Price 95 and Interest, to Net 6
,WLa, :qmpany
1417 CHESTNUT STREET
PHILADELPHIA
REILLY, BROCK & COMPANY
306 CHESTNUT STREET
PHILADELPHIA
We do not guarantee the statement and figure printed herein, but they are taken from source we bet'
to be accurate. ' "
JiV li". 1A
Ext
24
41
5
73
35
5000 .... VB'i i i.""3 "-W ?;
Uu nf f n Jh I '17 I Cresson Gold
K of G B & Hi crescent McNi
1000
oooo
28000
2000
23000
2000
8000
2000
6000
5000
J000
1000
8000
4000
1000
00
90
00
00
00
00
00
00
00
00
oo
00
00
90
00
Union Pac RR cv
.1000 .... 88
8000 .... 88
2000 .... 88
Union Pacitio RR fd
17000 80
2000 70
Union Pacific RR 4s
2000 ..
5000 ..
U 3 Real
5000 ..
1000 ..
2000 . .
5000 . .
3000 . .
3000
85
80
Imp 5a
70
70
i 78
, 70
, 79
78',
U S Rubber Co Bs
1000 .... 88
7000 .... 88
2000 .... 88
100O .... 88
1000 .... 88
2000 .... 88
15000 .... 88
IOOO- .... 88
500; .... 88
4000 .... 87
5000 .... 88
7000 .... 81
3000 . . . 88
U S Steel Corp Bs
1000
3000
1000
1000
1000
5000
2000
iooo
2000
03
63
Seaboard Air L fd
6000
3000
5000
41
41
1
Seaboard Air L aj
2000 .... 35
1000 38
Seabo'd A L sta 4 s
1000 , . . . 0
1000 oo
Southern Pacific fd
iooo
iooo
iooo
5000
3000
6000
iooo
2000
38000
6000
78
79
70
78
78
78
78
78
78
78
Southern Paclflo 4s
2000 .... 71
1000 .... 71
South Paclflo cv 4s
15000 80
8000 80
5000 81
South Railways 4s
10000 .... 60
Lib Bonds .18...
Lib Ilnmls 1st 4s.
Lib Horfds 2d -Is.
98
98
98
08
08
08
Virginia Rlways Bs
2000 .... 86
3000 .... 85
2000 .... 85
Wabash R R Co 1st
1000 .... 00
W-'xf rn Electric Bs
2000 .... 07
Wfst Maryland 4s
1000 .... 61
2000 .... 60
1000 .... 51
West Paclflc RH 1st
6000 .... 84
1000 .... 81
West Sh RR rett ii
7000 .... 71
West Shor R R 4s
1000 . . . , 74
W&LErleRy 4 Vis
2000 .... 51
Wilson Company cv
3000 .... 08
6000 .... 08
4000 .... 07
. 1000 .... 00
2000 .... 98
1000 .... 08
2000 .'. . . 08
2000 .... 08
Wilson Company 1st
amara 28
J5
IS
Divide Ext
1.1 Salvador . . .
Kureka Croesus
.v ....ui.ib . ..'g
Fortuna Cons 28
Gold Cons is
Goldflld Florence 38
Gold Keuana 4
Gold Meriter 3
Gold Silver Pick 4
Great Bend D
Hecla Mlnlne 41;
Jumbo Extension : 8
Knox Divide 15
Louisiana Co 4
McNamara 81
2S
3D
125,
11
18
7H
18
Marsh Mln
Motherlode
National Tin
NlDtsslncr
Onondago
Rex Cons
Rochester Mines
San Toy
Seneca Copper
Cll.... fl- ... .i-
".l JVtIlh Ul VIIA ..... .
S Silver Lead ij
Tonopjli Belmont 3
Tonopah Cash Boy I 74
Tono-JIm B '24
Tonopah Midway in
Tonopah Mln 24
Tonopah Mlsnah 0
Tonopah Rescue Eula ... 18
Victory 18
West End C 2
White Caps 0
Whlta Caps Ext 14
Wllbert 7
Terrlnston . . . 4
RONDS
Allied Pack Cs 874
A T T Hv of '24 08
A T i T 0s of '22 na
Anaconda Copper t!s 08
C C C & St I. 0s R8',
I R T 7s 74',
21
43
5
71
35
54
27
14
3?
1H
13
38
4
n
44
71
28
59
is!
24
104
18
1
St
74
1
111
24
IS
17
9
14
7
4
98
ssv
74 4
21
4i i
71 I
24
28
It'
l'i
o
28
13
38
24
:i
4
44
8
154
75
28
65
12S
11
18
ili:
h
3
74
24
19
r
18
18
2
0
. 11
7
4
SH
98
90 H.
98
RS'j
744
LOCA.L MINING STOCKS
' TONOPAH STOCKS
Rid
Cash Boy.. nil
Jim Rullr 22
MacNamara. 8n
Midway '. in
Wzpah Ext 05
Montana 10
.North Star OH
Rescue Eula 20
Tonopah Ext 24
West End l'i
West Tonopah 10
x DIVIDE STOCKS
Allied Divide 04
Alto Dlvlda 07
Uelcher 25
lien Hur In
Kroufth Divide 40
Divide Ext 14
Divide Syndicate (14
Divide Cons ici
Dividend 3fi
East Divide .oil
Hsslirnuck Divide an
High Divide , 01
Revert Divide 30
Reno Divide n't
Rosetta 117
Silver Klnir US
Tonopah Divide 34
Tonopah Hasbrouck 25
Victory Divide . ,. .17
Verde Dlvlds 25
Zroe 37
QOLDKIELD STOCKS
Atlanta 02
lllun Hull j nj
Booth 01
C O D 112
combination Fraction
CrackerJack
Dlamondneld R II
Daisy
Florence
Goldlleld Cons
Goliltleld Merger . . . .
Goldlleld Dev
Great Rend
1000
10000
Low
98
07
1;1S
p. m
Jumbo Ext
Ken anas ..
Lone Star
Oro
Red Hills
Silver Pick
Spearhead .
Lib Itocdslst i4
Lib Hondg 2d 4Us.
Lib Bonds 3d 4s.
Lib Bonds 4th VAb.
Victor; -JSXom'Ss,
100.00 1)0,00 00.04
1)3.80 03.30 03.30
1)2.20 01.00 02.00
0.1.00 03.40 03.00
02,00 i)g,2S 02.40
04.70 1)4.60 D1.70
02.7B 0240 02.70
U0fj0 f$0fl op.io
Amparo ......
Arizona United
Kden
Mother l.ode .
Nevada Hills .
Nevada Rund .
PromonUrli'
Nevada Wonder
Tecopa Mlnlnic
White Caps
. . .03
. . .Il.t
,. .01
. . .02
, . .311
. . .12
, . .02
. .11
, . .02
(I.i
OJ
01
01
0J
(13
04
HSCKLLANKOUS
.. 1.70
. .13
.58
.112
.20
l'i
.13
.10
W
Ask
.ns
.24
.h5
.2(1
.07
.13
ns
.05
.09
.311
.15
.43
l?i
.Oil
12
35
.nn
.U7
.1111
33
05
.(ill
.10
44
3(1
.20
.30
.10
.03
.03
.117
.111
.05
.(17
.(13
.01
.33
.14
.01
.13
.03
.07
.114
.01
.03
.115
.03
.0(1
1.80
.17
.no9-
.04
25
.2,
.12
.11
New York Metal Market
New Yorll, Jan. 7. Copper Spot
nnd January lDVie, bid;. February
lOKc, bid; March inic. bid. Market
quiet. Lead SpatJixnunrv uml Feb.
ruary HSuc "SArt, entirely noml-
leiterr ta, kw Louis, -all
irliet euler.
nnl. Hpe.lterf Fa,
Investments Offerings
We own and offer, subject to prior sale and change
in price, limited amounts of the following securities:
City of Johnstown, Penna.
City of Johnstown, Penna.
Beaver County, Penna.
Lawrence County, Penna.
City of Carbondale, Penna.
Rate
Municipal Loan 4p2
Municipal Loan 4
Road Imp. Serial t,
Road Imp. Ssrial 41
Serial
1st Mortgage
1st Mortgage
Equipment Trust
Equipment Trust
1st Mortgage
Marine Equipm't
Notes
AHentown Gas Company
Allegheny Valley Ry. Co.
Chicago & Northwestern Ry. Co.
Chicago & Northwestern Ry. Co.
DeIong Hook & Eye Co.1
tGreen Star Steamship Corp.
Hershey Chocolate Co.
Jamest'n, Franklin& Clearf'd R.R.Co. 1st Mortgage
Lehigh Valley Coal Co. 1st Mortgage
Market St. Elev. Pass. Ry. Co. 1st Mortgage
Northern Central Ry. Co. 2nd General Mtge. 5
New York & Putnam R. R. Co. 1st ConsTd Mtge. 4
N.Y., Chicago & St. Louis R.R. Co. 1st Mortgage . 4
PhiIa., Baltimore & Wash. R.R. Co. 1st Mortgage 4
Reading Company General Mortgage 4
5
4
4K
4
6
7
6
4,
5
4
Schuylkill River East Side R.R. Co. 1st Mortgage
Washington Terminal Company
Wilkes-Barre Gas & Electric Co.
Edward G. Budd Mfg. Co.
Van Raaltc Co., Inc.
Willys Corporation
Tacony Steel Co.
1st Mortgage
1st Mortgage
Preferred Stock
Preferred Stock
1st Pfd. Stock
Preferred Stock
4
4
5
8
7
8
8
Due
1933
1938
1923
TO
1949
1921
TO
1938
1922
TO
1931
1924
1942
1921
1922
1929
1924
1923
1959
1933
1955
1926
1993
1937
1943
1997
1925
1945
1955
Price
& Int.
103.15
103.90
100.91
TO
104.22
100.45
TO
103.23
99.50
TO
98.17
96.00
84.00
98.60
97.70
96.00
99.25
100.00
80.00
100.00
80.00
IOu.00
78.00
81.50
85.00
Market
93.00
82.00
92.00
99.00
98.00
100.00
97.00
Yield
about
4.20
4.20
4.25
4.25
4.20
6.00
5.20
' 5.50
5.50
6.55
7.20
6.00
5.20
5.00
5.25
5.00
5.15
5.65
5.10
4.95
5.50
5.30
5.50
8.10
7.15
8.00
8.20
Free ot Pennsylvania Personal Property Tax.
Pennsylvania Personal Property Tax Refundable.
Detailed descriptions and full list of investment offerings upon request.
Graham, Parsons & Co.
435 CHESTNUT STREET
PHILADELPHIA
Canadian
MUNICIPAL BONDS
at prices to yield'
6
and over
City of Montreal 6s
Due Dec. I, 1922
PROVINCE OF MANITOBA 6s
Due Jan. 2, 1925
Send for descriptive circitl'r T 200
E. H. Rollins & Sons
1421 Chejlnut St., Philadelphia
Boston New York Buffalo
Albany Chicago San Francisco
Citizens Banr
Will open for business
January 12. Your m
eount. whether In rue ur
anmll. will be creully op
predated. 22-24 South Third St.
' Philadelphia
il " '!.
GREEN STAR S. S.
1st Mtg. 7s
Price 09 U Yielding 7.20
PAUL & CO.
Members l'hlla. Mock Kxehants
1421 CHESTNUT STREET
Wanted Manager
8twk Exehsnie house, member of Phila
delphia and, New York Stork Exebanzes.
wants mn. experienced and eapabl of
tu-ectlo eUrfj force,
A 424. 11.u -kflC
i-'hiil""" Un, J""1"' eHn) Si. 1930
ci'.w'ck'oV."''! B "
HENRY D. BOENNINQ & CO.
Direct 1'rlTBU TeUbwo ( New Ymt,
Income Tax
Service .
French, Luck & Co.
Public Accountants
721-722 Mutual Life Bulldinr
l'llU,.M)i;i.riUA
UKI.I, 1'llOMJi 1VAI..MJT 1339
Safe Investing
is merely a matter of
knowing where to buy
your bonds.
Ask for Our Recomvitndatitna
Frederick Peirce
ZZ V (TV. WVB.T
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