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"'fiMrfiNtNTrf PUBlW IiGER-iPHlLADELPHIA, WEDNESDAY, tTANUARr 21, 1920
?
V
K
i
i
f
American Candy Co.
Starts Expansion
7 Per Cent
Cumulative
Preferred
With Right
To Buy
Common
Wjth Prohibition actually in
effect by the 18th Amendment the
increased Candy demand that was
looked for has begun.
The American Candy Company is
already busy with its initial steps of
expansion and has purchased the ad
joining property wtyh the view to
ward erecting a second factory unit
which will make it one of.the largest .
most modern candy ,coriceni8 in, the
world.
Our recommendation of Ameri
can Candy Stock has found wide
spread favor and our books will
soon be closed.
This stock is a 7 per cent Cumula
tive Preferred offered at $100 par
and carrying the right to purchase
five shares of common at $7.50 per
share, of no par value, with each
share of preferred.
Orders should be mailed without
delay, or preferably wired.
NEW YORK BOND SALES
Snmmnry of TntllvMimt Transactions on New1 York Exchange
Am Agr & C Co On
looo .... so
3000 .... 08
Am Ab & C Co D Ba
2000 .... 8
Am 8 & net Co Bs
1000 .... 84
Am Tel & Tel clt
5000 .... 78
Am Tel & Tel 5
1000 .... 82
10000 .... 82 V4
S0OO .... 88
Am Tel &. Tel Co b
1000
4000
4000
8000
1000
08Mi
08
88,i
nay.
Am VV I'tttitr 0 7
5000 ... 81 Mi
Anglo-Krcnch B Bb
1000
J 1100
'lo'oo
2.1000
iooo
18000
30000
1000
48000
18000
ooqo
3000
8000
1000
6000
1000
oA
00
06
08
00
90 1
00 ,
00
06
00
06
06
06
06
00
00
F. A. BREWER & CO.
Specialists in Candy and Sugar Issues
208 South La Salle Street Chicago
"MAKE-A-WILL DAY"
Expert Service is "PROVIDENT" Service
Are your business and financial affairs so arranged
that your family will get the most out of your life
work if you should be called upon to hand your
interests over to a successor?
Consult us today "Make-a-Will Day," with ref
erence to the disposition of your property.
By Letter, Phone or Personal Interview
THE PROVIDENT LIFE and TROST COMPANY
Arg-.ntlne Hopub SB
2000 .... 71
Atoh Trnna a Ij 4a
B00O,... 74
Atch T & 3 l'e ad J
3000 .... 70
soon .... ou
A T &. S F CV 4B
0000 .... 60
Atch T & S F6 46
1000 . .. 78
1000 .... 78
Atlnn Coast Line 4s
3000 .... 77
AUfirr Coabt Line clt
sooo .... 00
At I Knox & Cln 4s
1000 . . . 70
Bait & O P L K &.
V Vlr sys 48
1000 .... 30
1000 .... 50
Bill: Ohio Tol 4s
aooo .... fii
Bum & Ohio nu cv
C. M & St P cv E
SOOO .... 07
S00O .... 07
0000 .... 07
8000 .... 68
Chi II I & Vaa fd
iooo
loooo .
iooo .
sooo .
moo .
10000 .
iooo .
2000
sooo .
ii' it l
1000
06
00
6
06
1000
4000
4000
1000
3000
3000
1000
SOOO
ioooo
0000
20000
1000
2000
10000
20000
1000
sooo
nooo
iooo
00
61
00
00
60
01
60
06
00
60
60
60
00
00.
00
00
60
60
60
Baltimore & O JHa
1000 .... 88
I Baltimore & Ohio 4s
0000 .... 6S
SOOO .... 05
1000 65
1 Baltl & Ohio IUl Bs
! 1000 .... 68
2000 .... 85
1 1000 .... 65
2000 .... es
3000 .... OS
Baltl & Ohio ItR 6s
N. W. Corner 4th and Chestnut
Superior Oil
THE.oil produced from the Corporation's properties
is "Somerset Crude" (Kentucky)', a high gravity
base crude. This oil contains a larger percentage of
gasoline than any other crude, even Pennsylvania. It
is particularly valuable for its lubricating grades, and
its ease of handling in the refinery. Since November
1 st the following advances in posted price have taken
place:
On November 3, 1919 : 15 cents
On December 23, 1919 : 25 cents
On January 2, 1920 : 15 cents
Present posted price of "Somerset Crude" at the well,
$3.25. Present posted price of Pennsylvania Crude,
$5.00. Further advances in the posted price of "Som
erset Crude" are anticipated.
An initial quarterly dividend at the annual rate of 12.00
; ptr share has been tlcclated
Quoted on New York Curb
Circtdar on Request
C. E, WELLES & CO.
Members New York Stock Excliange
71 Broadway New York
The above fnortnotlon s from official sources
soooo
23000
20000
7000
7000
7000
fOOOO
7-00
4000
0000
18090
5000
2000
10000
10000
4000
sooo
nooo
2000
20000
1000
11000
4000
1000
ISOOO
10000
sooo
sooo
sooo
5000
84
84
84
84
84
84
84
84
84
84
83
84
84
8894
H4
84
83
83
83
83
3
84
83
83
S
83
84
84
84
84
..66
... 60
. . 66
.. 66
A i'ue U
Chile Copper Co Cs
2000 .... 8J
1000 . . . Hi
Chile Copper Co 7fl
2000 ...106
Chi Qvt Hu Ku Sit
2000 .... 40
City of Lyons Go
1000 .... 02
Outuy 414 ,,t
Nov 87 ,
2000 ....100
C of N Y 4Ws of G4
1000 .... 04
Cof .V V 4 Via of 65
4000 ....100
C or .VV 4ta of 67
1000 ....100
City of 1'urlH B ba
10000 .... 9K
1000 .... 02
1000 .... 02
100O .... 112
1000 .... 02
City Jt Toklo U Ss
3000 ... 59
(Julorado Intl Co '
1000 .... 78
1000 .... 73
Colo Fuel & Iron So
10000 .... 83
3000 .... 8S
Ooimol Qua 7a Wl
sooo ....100
5000 ....100
Del & Hud Canal fd
SOOO 78
Don & llio Grand fd
2000 .... 14
5000 ... 1t
3000 44
Den & Itlu a runcl 4s
1000 64
1000 .... 64
DtMl .V Rio Urd 4t
1000 .... 70
Detroit lid 6s of 33
8000 .... 04
Det I'.d Co C of 40
4000 80
Detroit Tunnel 4 Vis
1000 ... 76
Do of C GVis of '21
10U0 .... 08
Dom of Canada 29
1000 .... 07
Dom of Canada 31
1000 .... 01
sooo .... 01
3000 .... 02
2000 .... 02
li Ten Va & Ga en
1000 .... 80
Erie General Lien
20000 .... 41
17000 .... 41
COOO .... 40
1000 41
Erlo Ilail Rond 4a
1000 53
15000 .... 53
18000 .... 53
1000 .... 53
17000 .... 63
Erlo Rail Rd cv D
SOOO .... 38 Vi
Havanah Eleo Bs
10000 85
Illinois Central fd
1000 .... 74
'Illinois Ceitral 6
2000 ...'. 03
1000 .... 03
Illinois Steel Co 4
6000 .... 83
Imp Jap Govt 1st
Missouri K & T 4a
.1000 .... 60
4000 .... 60
SOOO .1.. 60
Missouri Pac em 4s
1000 .... 87
4000 . .. 51
2000 ..., 67
SOOO .... 67
SOOO .... 67
Missouri P Cb of 26
6000 .... 80
Missouri P Mai 4u
5000 .... 75
Moblo & O Kit 4s
1000 .... SO
Mohawk & Mn 4a
SOOO .... 75
Mont Power Co Da
SOOO . . . R5V1
Naasau Klcc Uy la
1000 ... 28
Nat Illy of Mex 4s
B000 . . . 23
National Tube C 5a
2000 .... 02
N O Tex & Mex 4 s
1000 .... OS
N V Air Brlte Co 6s
4000 .... 90
NYC4IUR3 i
1000 .... 60
N Y C & II K R, 4a
1000 .... 78
N Y C & II R R 4V4
1000 .... 78
1000 .... 77
N Y C & H R R 6s
1000 .... 02
0000 .... 02
1000 . . . 82
2000 .... 02
2000 . . . 02
N Y C & M C 3VJ3
2000 .... 61
N Y Gas & Elec L
H & Power Co Ea
10000 .... 85
N Y NH & II Ca
2000 .... 71
New York Rwys 5s
.1000 .... 7
6000 .,.. 7
N Y Telephone 4 Vii
SOOO .... 80
N Y Telephones til
5000 .... UU
5000 . .. uo
N V W C & U 4 Via
B00O 30
Norr & Western 4a
12000 .... 76
1000 .... 76
Norf Weal ov 6a
SOOO .. 103
Northern Paclilc 3a
SOOO .... S4
3000 .... r,4
Northern Pacific 4s
1000 .... 77
SOOO .... 76
No S Power Co Gs
2000 .... 84
2000 .... 84
3000 .... 84
Oro & Calf R H 6s
8000 . . . , 93
O R R & N Co Ik
2000 .... 78
Oro Wash RR Co &
Nuvi Co 4s
1000 .... 70
Pac Gas & E Cf os
4000 .... 82
1000 .... 82
20000 .... 82'
1000 '. ... 82
Penna R R en 4 Via
2000 .... 01
Penna RI 4s '21
1000 .... 97
Penna RR 4s of '48
2000 .... 84
2000 .... 84
Penna RR gm 4 Via
3000 .... 82
3000 .... 82
Pennsylvania RR Es
St Ij I M & 8 Tl 4a
IOOO .... 74
St i. I M & H R Ga
. 2000 .... 00
St L A San Fran In
2000 .... 43
2000 .... 43
2000 .... 4.1
G000 .... 43
St L & San Fran oj
16000 .... 61
3000
sooo
6000
1000
6000
1000
01
61
01
01
61
01
t't ! & San Fran A
20000 .... 68
100O .... S8
10000 .... 58
8000 .... S7
6000 .... 68
1000 .... 57
1000 ... 68
St I, &. San Kran B
1000 .... 60
2000 .... 00
1000 ... 60
St I, & fo West en
1000 .... si
StP M & M RR 4Vi
2000 .... 01
Ter H A of St L 4s
5000 71
Third Avo Rwy adl
3001) ... 30
Third Avo Rwy 4a
1000 .... 01
1000 .. . 61
T & O Cent ny 1st
3000 . . 84
U IC of O B &. I 21
HEAVY DEALINGS
CURB
SSUES
Buying Ordor3 Come From Im
portant Sources Stocks
in Strong Hands
SIMMS PETROLEUM ACTIVE
sooo
10000
10000
2000
2000
10000
10000
4000
SOOO
1000
2.-1(100
S2000
22000
1000
08
00
95
95
93
05
9S
95
93
03
93
05
05
94
New l'orkt Jan. 21. There was a
stronc tone, generally, to Broad street
curb deuliup) todny, with buying orders
coming from important sources. There
wuh evidence thnt stocka had gone into
atrong linnda in the last week, during
the period of unscttlemcnt created by
rcporla about tome of tbc important oil
fields.
A feature was tho heavy dealings in
Metropolitan, which is in a contest with
Inland Oil, ubout 10,000 shnrcs of that
stock changing hunda at '1 to 4'i.
Slinms Petroleum continued strong,
with large trading nt 53 to fi4,4 hu1
pronounced strength was pliown in Oilli-
lnml, which ranged from U'i to ul'4.
Ohio Hunger was in demand on western
buying, due to on announcement by the
company tlutt strong Cleveland interests
have become affiliated with the com
pany. Mexican Oil, one of the low
priced ahures. sold nt a new hieh record.
General Motors was traded in ut
.",1 to .V2V4. American Hafety Razor at
iii't and lieiicral Aspunlt was strong,
with trading nt 114 to 110.
INDUSTRIALS
Unld IC of G U H I
rctH of '22
3000
1000
1000
6000
5000
10000
4000
100000
05
05
95
94
94
94
04
94
Low
15V
20W
Laitt
15
5tt s
HI Ml
114
31
lB't
Untd K of G B & I
rets of 29
6000
1000
52000
6000
10000
2100(1
3000
3000
2000
50000
94
05
04
94
05
04
94
94
04
94
U K of G B & I 37
Mil Foreign Exchange Return to Normal ?
Investment and Speculative Possibilities
If It Does
AN EXAMPLE: Tho purchaser of a 1000-Frunc French
Government C Victory Loan at $82 would have an invest.
"jfnt worth at par $193, an increase of $111, or over 185;
50 trancs u year Income, now worth $4.30 or about 5 on
the investment, would be worth $9.65, or nearly 12 on the
original investment of $82, and this high yield (should con
tinue until 1031.
Other Foreign Internul Loans offer even greater possibilities.
Direct Cable Communication With Foreigu Countries.
EDWARDS. SMITH & CO,
Banker
1411 CUeatnutSU
ELKINS, MORRIS & CO.
Bank an
Und Title B!dg.,
FbiUdalpkia
Beth Steel Corp fd
2000 .... 85
Beth Htcel Corp 1st
1000- .... 07
1000 .... 07
Beth, Steel Ea of 36
0000 85
Brk Rap Trans 5s
100 .... 33
Brook Itap Tr ct 7s
5000 .... 45
5000 .... 45
5000 .... 40
2000 .... 4(1
6000 .... 40
Brk Rapid Trans 7b
4000 .... 4S
2000 .... 50
Cent of Georgia en
4000 .... 80
' 1000 .... tie
Cent of Georgia 6s
8000 .... 93
Cent Leather Co Ea
10000 .... OS
Central Paclllo 1st
2000 .... 74
Ches & Ohio 4Ws
1000 .... 7S
IOOO .... 7S
Ches & Ohio cv 4
1000
iooo
23000
2000
4000
1000
4000
4000
3000
75
75
7S
75
75
7S
75
14
74
Ches & Ohio cv 6a
9000 .... 7S
5000 .... 78
2000 .... 78
2000 .... 73
Chi B & Qulncy em
1000 .... 81
1000 .. 80
Chi B & Qulncy 4h
2000
10000
2000
10000
2000
3000
ioooo
1000
1000
2000
1000
1000
.1
05
05
05
05
05
95
05
05
05
05
05
95
Chi & IS III ct 4s
1000 ... 2
Chi S Krlo RR Ibt
13000 .... 81
Chi & Grt Went 4h
1C0O . .. 55
C M & St Taul I 4a
2000 . . . 50
2000 .... 59
1000 S
Chi M & St Paul 4s
SOOO . . 68
r. m & St P fd 4V4
1000 ... 58
4000 ... 08
1000 ... SB
3000 .,,, 88
1000 .... SI
SOOO ,.,, 51
CtlM & 8 V cv
1000 , ,. 0U
iooo
sooo
1000
3000
10000
7000
4000
70
78
70
76
75
75
75
Imp Jap Govt 2nd
15000 .... 7fi
3000 .... 74
5000 .... 75
2000 74
Imper Jap Govt 4s
1000
1000
1000
:soo
J00
1000
3000
2000
4000
3000
5000
' 3000
1000
1000
1000
2000
3000
7000
00
00
00
00
00
eo
00
00
60
69
00
69
50
59
60
69
60
59
Inter Mer Marine fis
7000 . , . 03
Inter Met Co ct 4 V4
10000 .... 18
6000 .... 18
30000 .... 18
30000 .... 18
Inter Metro Co 44
20000 .... 18
12000 .... 19
10000 .... 10
40000 .... 19
15000 .... 19
5000 .... 10
2000 .... 18
20000 .... 18
26000 .... 18
2000 .... 19
10000 ..., 19
1000 .... 10
Inter Rap Trans ,fd
sooo
2000
2000
2000
ioooo
2000
2000
iooo
iooo
11000
asooo
10000
10060
40000
10000
20000
26000
52
. 52
. 61
. 51
.. 51
. . Sl
. . 81
.. 51
, . 61
, 52
. . 82
.. 51
. . 52
. . 62
. . 52
. . 82
. . 82
KCl'SiM ny 4k
1000 .... 60
Kan C Term Rly 4b
1000 .... 72
15000 .... 72
6000 .... 72
1000 .... 72
Kent Cent R R 4s
7000 .... 78
Lack Steel C of '23
1000 .... 04
20000 .... 03
18000 .... 03
Lack Steel Co uf 60
3000 ... 04
Luke 3& M So 3
3000 . . 69
L S & M S 4b of St
1000 . . 63
Lehigh Val R Co Ott
20,00 . . 100
LlEKett 4i My its So
1000 .... 89
Loulu & Nash 1 3s
3000 . 31
l ft n nn ft 8 ny
Mono 4s
8000 64
SOOO .. 63
Man nie Ry Stu 4s
1000 .... 09
Mid Steel 0 (1
3000 . ,,, 83
1090 , ,,, SJ
1000
4000
10000
6000
3000
6000
SOOO
1000
01
00
00
90
00
00
90
01
Pere Marquette Ea
2000 .... 86
1000 .... 80
Puh Her C - N' J 61
8000 .... 65
Reading; R R Co 4s
6000 .... 70
10000 .... 79
Rep of C B Es 190(
S00( .... 00
Rio Grand & V 4s
1000 .... 64
Rl: T Ark & I, 4s
1000 .... 02
1000 .... 02
Seaboard Air L fd
1000 .... 47
Seaboard Air L aj
3000 .... 38
South Bell T Co Bs
8000 .... 84
Southern Paclllo fd
3000 '. ... 77
1W00 .... 77
3000 .... 77
1000 .... 77
4000 .... 77
Southern Pacltlo 4s
1000 .... 72
10000 .... 73
2000 .... 72
1000 .... 71
1000 .... 70
South Paclfto cv 4s
12000 .... 80
1000 .... 80
5000 .... 80
2000 .... 80
'6000 ... 80
South Pacific cv Bs
1000 ..,,102
10000 ....108
10000 .,..103
5000 ...,103
South Railways 4s
1000 .... S0
Southern Rwys 5s
1000 .... 85
8000 84
3000 .... 85
1000 .... 85
St Iouls I Mt & So
Rlv & Q Dlv 4s
1000 .... o
7000
1000
5000
2000
2000
2000
1S00O
2000
1000
89
89
89
89
89
89
89
89
89
Union Pac R It ov
2000 .... 87
2000 .... 87
Union Pacltto fd
19000 .... 77
0000 .... 77
2000 .... 77
9000 .... 77
Union Pacific It 4s
4000 .... 84
100 0 84
1000 83
Union Pacific R 6s
1000 ....102
U R of S F un ct 4s
5000 .... 28
5000 .... 28
U S Real & Imp Bs
3000 .... 80
2000 .... 80
5000 .... 80
1000 .... 80
1000 ... 80
3000 ... SO
3000 80
1000 .... 80
1000 .... 80
5000 .... 80
1000 .... 80
3000 80
2000 .... 80
U S Rubber Co 5s
2000 .... 87
1000 .... 87
1000 .... 87
1000 ... 80
4000 .... 87
1000 87
U S Steel Corpn Bs
15000
11000
6000
1000
3000
1000
IOOO
09
99
99
99
99
99
09
Utah V &. L Co Ss
1000 84
Vlrelna Rlways Bs
5000 .... 84
Wr rn lilectrlo Bs
sooo .... 97
Weit Maryland 4 s
iooo ... 60
4000 .... 61
6000 . .. 50
West Pacific RR 1st
4000 .... 84
3000 .... 83
(Vest Shore Kit li
2000 .... 73
1000 ... 73
1009 .... 73
Wheel & L E Ry 4s
2000 .... 53
Wn-"i Company ov
8000 .... 05
1000 .... 95
Wisconsin Cent 4a
1000 .... 69
,. HIkU Low p.m
Mb RonnN 3s... fiS.M! 08.80 flS.SO
Lib llonds lnt 4s.. 1112.0U S)2.0t! 112,0(1
Lib Rendu 2d -Is.. 00.00 00.74 00.8-1
Lib Honds lt. 4s 02. SO 02.-10 DQ Sfi
Lib Bonds 2d 4h 01.10 01.12 Ol.Htt
Lib Ronds'.'Jd 4Mb 03.48 03.20 03.40
lid uonrts 4th 4Vih lll.fiO 01.20 01.40
Victory Notes 3s OS.fiO 0S.42 08.50
ictory Notei 4a 0S.50 08.42 08..r0
INDIA GETS MORE GOLD
wnnarawai or i.ouu.uuu r-rom
Subtreasury Interests Bankers
New Vorli, Jun. 21. Withdrawal of
$1,500,000 gold coin from tho Sub
treastirj for shipmrut to India excited
conBidernblo intercut amonir interna
tional bankers toduv. The shippers urc
understood to represent a Drills! bank
with connections in Indin.'Australia and
China,
Exports of silver front the United
States to India have usbtimed enormoiiH
volume of recent jeurs, but onlv ruiclv
is gold exported to that country from
this part of the world. The movement
is believed to be partly speculative,
owing to the premium on roIiI n the
Orient, nnd partly for iieeount of raw
cotton bent from India to England.
DIVIDENDS DECLARED
KelloB Switchboard and Bupuly Ca. uuar.
ttrlv of 2 w cmi, Duyible January 31 to
ttork of ri.ord January 20.
Imperial Tobacco Co.. i.td. ttnal divided
of 8 wr trnt and a Ivnui of one thill In a
aharo for th vtr ended October last.
Procter A CUnible. Quarterly of B per
cent cm aommoii .payable KeuriMry 14 to
in
"4
to
10V4
3tt
s
1
4(1 4
43
I)
24';
8T4
3W
50 V!
3,
34
(I
fcO
5'i
IK
!!(
4
1
4
6?t
11H
nan
is,
i4
38
7(4
31
5Vi
70
38
Yt
1
4
17
1111
32
:
4',
111
17
N
High
American Marconi
Amnl Tito atoreo ,. JSVi
American Safety Razor. l.v,l
Ilritlih Am Tobacco coup 20'A
Car Unlit 2
Columbia Emerald 1TA
General Asphalt .110
Genenil Motorn 3214
Hupp Motors 15
North Amcrliu Taper... 5H
Terfectlon Tire 4V.
Radio Co 2
SDlcer Mfc lis
Subtnnrlno liont 17
Trlnnitle film
U H atenm 4Vi
United PrnOt Hhirlns. . . . 2i
United 1'lct Prod 17
imkikxdi;nt oils
Allied Oil u
Amal Rojalty ,.,
Atlantic Petrol 3
Xoone Oil (j
Iloston Mexico 4
Iloaton Wyoming 1 hi,
Carlb Syndicate 41t,
Cities SerIC3 B ctfs 43
cmaen 6 l'o in
Dominion 24
Klk llasln Petrol 0
Eitol oil 1
Kerne ra da Oil i:
Federal Oil Ma.
OUllland 61
Ulenroclc o a
UuITey Ulllcsplo 35
Home uu li
Intl retrol 70
Island Oil 5"!
T.ivlnuaton 1
Merrltt Oil 21
Metropolitan Petrol 4 V.
OkmulKee Oil 1
man Oil 4H
Sapuloa Ref 7
.'-Kelly on ll'fc
Slmms Pet 54(4
Soencer Pet lftU
Texas Ranker 1H
Trinity uu v
White OH 38
Woodburn 7Va
MININfl STOCKS
Ala-Brlt Col 1
Atlanta 2K
Helcher Divide Ext 31. .
Booth SVi
Boston & Montana 73
Caled Mining 10
Cascade Hiler Vl
Cona Virginia 7
Cons Cop Mln 4
Cremon Oold 'i
Divide Kxt
i:i Salvador 3 Mi
Kureka Croesus 1
Forty-nine Mlnlne 1
Cold Cona 14
CJol.l Development 10
flolrt M prcrer 3
Great Bend ,... 1J4 1-V4 2VJ
Hecla Minimi 4H 4 4'i
lioia .one 01 ai aj
Jumbo Extension 7 7 7
Knot Divide 13
Louisiana Co H
Marsh Mln 23
Mother Lode 50
National Tin 12U
Nevada ophlr an
Ncrth Star R
,i
H
3l
i
43
241.
8
3H
34
"ill
li
20
1V'
4
UT4
'lR
I-
3S14
7Uj
31
78
38
H
Xk
M
& ii
IVi
13
1ft
.1
i
14
10
t
13
21
r.n
8
0
18
13
B-"
50
38
8
O
18
Hex Cons fl
Rochester Mines 18
Rope Group A
Ban Tnv 7 7
Sllicr Kins- of Arizona .. 11 11
Success Mln '..... R (1
Tonopah Belmont 3 11
Tonopah Cash Boy 8 8
Tonopah Divide 3H 2
Tonopah T3xt 2 A 2A
Tonopah Jim Butler 25 25
Tonronh Mlnlnir 2S 2 A
Tonopah Mizpah 10 IB
Tonopah Rewue Eula. ... 28 28
United Eastern 4 4
Victory Id., 11
West Hnd Cons 2 2.,
So Amer r & a K4 SS
Utah Rev 1 IK
BONDS
Allied Pack (Is 84 84 84
Belgian (Is of '25 nr.; Pr.i 0541
Beth Hteel 7s of '23 101H 101V. 101H
CCCiKtLGs 88 88 88
Russian 5W a 34 .11 34
Russian ll s 34 34 34
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BUSINESS NOTES
A development in the distribution of
tovs that ii beinp wntched with con
siderable interest is the Rood progress
being made by hardware dealers in dis-,
poxing of such products.
lieeause of the extent to which tliey
have been taken up by makers of the
more popular -priced lines, broxues "re
not going to be included in the fall
phowirjgN of some of the leading- manu
facturers of the finer grades of men's
Bhoes.
There is increasing evidence that the
peak of the seller's market in the woolen
trade has been reached and passed.
Some of the larger buyers find the mill",
better disposed to nccept the return of
imperfect goods. Such rejections were
only a short time ago impossible to make
owing to the strong position occupied
by the sellers as n result of the large
preponderance of demand over supply.
1:15 inuunj was again limited in the
market for gray goods yesterday, but
this fact fuiled to prevent the making
of another new printoloth price record.
This was done when spot .'10-inch 72-7lli
sold for 20 cents a ynrd. The fartju
construction also sold for April-May
delivery at 28 cents. Jauuar 38V6-inch
(J4-60s brought 24 i-ents, with a cent
less paid for the same goods for ship,
ment in April,
Among the large number of buyers
wbo arc uow visiting this market thero
has beeu noted a tendency to "shop
around." Ituycrs, it was remarked by
one garment manufacturer, are not bo
certain that it is good policy to placo
heavy orders now under the unsettled
conditions that prevail, For one thing,
in the garment lines the outcome of the
labor controversy will decide whether
prices will see further advances.
A snowball rolling down bill has noth
ing on the way the price of u jard of
goods increases from the mill to the
consumer via the clothing fuctory and
the retail store. A rise of $1 a jard
at the mill was said yesterday to add at
least $7.87 to th price of un average
suit of clothing when bought over the
retail counter That is, when the goods
reach the consumer after passing only
through two hands, for If n t'Kith jobber
or u clothing Jobber figures in the deul
the increase to the ultimate purchaser
is just so much greater It figures out
this way: At $!t a yard nnd UU, ards
to the suit, the fabric cost rises 'from
$10.50 at the mill to $23 03 over the
counter. At M'n jard the fabric value
rises from $11 to' $31.50, Subtracting
thu tlrst "high" figure from the secoud
one, the difference is $7,87, which Is
the tax tne rousumer Ptsya on (he mUl'M
iBceefls! liruflt, f . r
DeBeers Consolidated Mines, Limited
(A negle-lered Company of tho Province of tho Capo of Good Hope In the Union of South Africa)
80,000 "American Shares"
Transfer Agent CBNTItAL. UNION TnUST COMPANY OV NEW TORK f
Registrar THE CIIASK NATIONAL, DANK OP THE CITY OP NEW YORK
"American Shares" are to be iosued pursuant to a Deposit Agreement with
Central Union Trust Company of New York, as Depositary, at the
rate of five "American Shares" for each two Deferred
Shares of the Company deposited
CAPITALIZATION
Do Beers 4 South African Exploration. Debentures.... 1,607,395
800,000 Preference Shares at 2.100 each 2,000,000
1,000,000 Deferred Shares at 2.100 each 2,500,000
Tho Deferred ShareB are dealt In on tho London and Paris Stock Exchanges.
The Dc Beers Consolidated Mines, Limited, was registered in 1888 in
the Colony, now Province, of the Cape of Good Hope in the Union of South
Africa. The Company owns the mines of De Beers, Kimbcrley, Wesselton,
Dutottspan and Bultfontein, and practically the whole of the Koffyfontein
Mine. It .controls about 80 of the world's output of diamonds.
Dividends on the Deferred Shares have been regularly paid since 1909,
with the exception of the years 1915 and 1916, when they were suspended
owing to war conditions.
For the year ending June 30, 1919, the company paid 80 in dividends
on the Deferred Shares, of which 20 was declared for the first six months
and 60 for the second six months. At the present rate of exchange, the
year's dividend was equivalent to about $3 per "American Share."
For the first six months of the current fiscal year ending June 30, 1920, a
dividend of 60 was paid, equivalent, at the present rate of exchange, to about
$2.25 per "American Share."
Dividends will be received by the Depositary in Sterling and distributed
on the "American Shares," in dollars, without deduction under present laws
for British or South African taxes, provided the "American Shares" are
shown to be held by persons who are not subjects of or ordinarily resident
in the United Kingdom.
Attention is invited to a letter addressed to us by the De Beers Consoli
dated Mines, Limited, giving detailed information regarding the Company
and its pospects, copies of which may be had upon request.
Application will be made in due course to list the "American Shares" on
the New York Stock Exchange.
Legal proceedings in connection with the issue of the "American Shares"
will be subject to the approval of Alfred A. Cook, Esq.
Price $47 per "American Share"
when, at and if Uiued
Subscription are subject to Allotment.
LAZARD FRERES
19 Nassau Street New York City
The statements contained herein, while not guaranteed, are bated
upon Information which we believe to be accurate and reliable.
January 17, 1920.
nil
For
philadelphia
AND
PENNSYLVANIA
-i
; i
ijMst;i!ujijLiJ
THIS BANK
is designated by law
Fiscal and Transfer Agent and Depository of
THE COMMONWEALTH OF PENNSYLVANIA
THE CITY OF PHILADELPHIA
THE BOARP OF PUBLIC EDUCATION
SCHOOL DISTRICT OF PHILADELPHIA
ALL BONDS of the City of Philadelphia and the State of Pennsylvania are
. issued, transferred and redeemed through this bank.
MILLIONS of dollars arc disbursed by it annually in the payment of interest
for these accounts and in the redemption of maturing loans of the Citv
and the State. J '
STRONG and able to extend its facilities and protection to
the financial affairs of the City and the State, as well as
to the general public, this Bank is conspicuously qualified
to serve your individual or commercial banking requirements.
"the
PHILADELPHIA
NATIONAL
BANK
4-2-1 CHESTNUT STREET
i
We Offer
Allegheny & Western
Rwy. 1st ls
Philadelphia Electric
Co. Two-Year 6s
Welsh Brothers
028 Chestnut Strket
rhllaltlplil
Ixtmlwrd 1541
l
Railroad
Tank Car
Marine
FREEMAN & COMPANY
l!embr. tirw York Hfrk)thni
S I'INK NT.
.".civ iuuk
Private Wire to New York ,
Call Lombard 4S80
GUARANTEED
Railroad Bonds
GEO. WILLIAM WALLACE
BARGAIN DAYS IN B0NDSJ
Railroad Issue at Uio Lovrst Kffl
Fifty Yar
Let Ut Submit OITmtlnta
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forts; fully iiuullrwd br Hut, iirM i
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