f&H
r
17
EVENING PUBLIC LEDGER-PHILADELPHIA WEDNESDAY JANUARY 28," 1920
m
LIBERTY BONDS
Bought, Sold and Quoted
Call, Phono or Writo Liberty Bond Department
West & Ci
1417 CHESTNUT STREET k
Memhors
W, r"cc wfl rh!radTiprhkiaSoC?h ISBS Ketone, rtacc S300
Wo Always Have, on Hand a Lint of lllsli Grade llonds
t'orrcmiondrnce Invited
, Wev Advise the Purchase
And Are Making a Specialty
OF
U. S,.-Liberty Bonds
To Yield Over ,
5
iacSSsekm & Williamson
Broad and Sansom Streets
Northeast Corner
MEMBERS OF PHILADELPHIA STOCK EXCHANGE
WHEN FOREIGN EXCHANGE
RETURNS TO NORMAL
A French 5 Bond cojting $74 would be worth at par $193,
an increase in value of $119, or over 160
The yearly income now worth $3.90 or about 5
would be worth $9.65, or over 13
on the original investment that cost only $74.
IX ADDITION
French 4s at 60, would be worth $193
British 5s at 341, would be worth $485
Italian 5s at 65, would be worth $193
Belg;an 5s at ,85, would be worth $193
The opportunity is seldYm offered to purchase a Government
security paying a normal rate of interest with the possibility of a
very substantial profit.
Direct Cable Communications with Foreign Countries.
EDWARD B. SMITH & c6." ELKINS, MORRIS & CO.
1411 Chestnut St. Land Title Bldg.
Prosperity
of Tire .
Manufacturers
Ask for
Bonbright & Company
Incorporated
25 Nassau Street, New York
Philadelphia Detroit Boston St. Louis Chicago Buffalo
UPTOWN OFFICE Especially for Women Investors
'7 East 44th Street
MARACAIBO
'"THE Mercantile Bank of the Americas
announces the opening of a new branch
at Maracaibo of its Venezuelan affiliate, the
Banco Mercantil Americano de Caracas.
Maracaibo's location in the center of the
most highly developed agricultural arid stock'
raising section of Venezuela makes it the
second largest port of entry for foreign goods
and the most important shipping point for
Venezuelan products.
The added banking facilities provided by this
new branch will be of marked value to
American exporters and importers, as more
than 8o of the foreign trade of Maracaibo
is with the United States.
MERCANTILE BANK
OF THE AMERICAS
A,n American Banfor Foreign Trade
44 PINE STREET
New Orleans
Paris
fe
I
The increased demand for automobiles
lias naturally caused a substantial
growth 'in the tire .business.
Brighton Mills manufactures fabrics
used by some of the best known and
strongest companies.
Brighton Mills 7 Cumulative Sink
ing Fund Class "A" Preferred Stock
offers security and high yield to in
vestors. For 1919, after Federal Taxes, net
earnings were eight times Preferred
dividend requirements.
Circular 730.1
NEW YQRK
Madrid
Barcelona
Why
9
ess
The basic taw of Action
Reaction governs our busi
ness, exactly as it does our
scientific world. Its opera
tion is as unchanging as
that ot gravitation. Results
follow cause. Business trav
els its cycle of prosperity,
decline, depression and im
provement with almost
clock-like regularity.
aoson's
Reports based on fundamental
conditions.interpret these lawsand
forecast conditions for you with re
markable accuracy. They take the
gamble out of business. By basing
your plans expansion, sales, buy
ing, advertising, production on
the facts and understanding of
coming conditions furnished by
Babson's Service to Executives,
you can reduce your margin of
error and increase your net profit
materially. f ,
Report on Request
Tear out the Memo right now and
hand it to your stenographer when
you dictate the morning's mail.
AiWir ask tor BuUtlln No. 34 AR
The Babson Statistical (WaniQn
Wollesloy Hills, Mass.
Largest Organization of Business Advisors
tnlhe tyoild
TEAR OFF HERE
Memo for Stenographer
Write Roger W. Eabson, President
of The Babson Statistical Organi
zation, WellesleyjHills, Mass., as
follows: Please siind copies of Bui
ctin No.o4AR 'The Outlook for
1920?" and Booklet, "Babson's
Reports" gratis.
Bmm cm1!, Kt nam t
-J
J&J
.teM&iX&feBL"rrr-fi
"Stock Salesmen -
Jcii York tlrnUenigo lliin"
if unqiirBtloneil stiimllnc In ilrl
"ceil ltli riillmlrlpliln Imjulr n
on it liili-clus, dlvlilcnil-ino Ins
Mid-font nent oil security short
ly to be trutleil in on the New
York Curb, under exceptional
morlcet Bponaorslilp.
TIiIh house wnntM one or two ur
ressful dalesmen Willi -)tnlll"hoil
I'M'nl connect on find credentials
to follow up and close sales In the
I'hlluilelphiu territory, but wMies
to cet in touch Willi the Hiilcsmnn
himself, not with nny brokerage
houso employing ii m.
There Is u IiIk opportunity for
the right man who can show
remiltM.
Ileplj- In conlldrnce to the New
York iiililrn-n below, when un ap
pointment will he arrunceit for
it persnnnl Interview with one of
the firm's representatives, at
I'lillndclphlil.
Address P. C. B.. Postofiics
Box 372
City Hall Station,
New Ynrlr City
POCKET
MANUAL
Mulled rilKK on Kqnet
WHITE rOB CIKCULAR C-l-25
Allure and Bond 'Broker
!5 Drexel nidic.. Phila.,
1021
l'a.
Correspondent, L,
Itocrrs & Co.,
Climbers
Consolidated Stock Exchange
of N. Y.
BARGAIN DAYS IN BONDS
Railroad Issues at the Lowest in
Fifty Yean
Let Us Submit Offerings
EDWARD V. KANE & CO.
Morris Building
EQUIPMENT BONOS
Railroad
Tank Cap
Marine
FREEMAN & COMPANY
Members New York tnrk Excitant.
34 1'rNE ST.
, NEW YOBK
Private Wire to New York
Call Lombnrd 4S80
GE0.A.HUHN&S0NS
STOCKS AND UONDS
Members ot the Philadelphia. Nw
Tork and Chicago Stock ExchantM
New York Cotton Bxcbani
Commission Orders Executed in
All the Principal Markets
UlUJJiVliK COUUT ULOJU.
1418 Walnut St.
NEW TOllK OKETCH
111 nroadtrar. New York
1
West Perm. . Power 6s, 1958
Southw'n Power & St. 5s, 1943
Philadelphia Electric 6s, 1 922
Public Service 7s, 1 922
Loo'st 8194 LanJ Title BWff.
pi
wjMiiiraaBiBiiraisiBSMiiiraira.
BATTLES-aCO
Investment Sectaities
Established 1890
Independence Square, East
fee
i
H'
iMlBQ!;niBf!iDO
IIH
V GUARANTEED
Railroad Bonds
GEO. WILLIAM WALLACE
334 Land Title Building
Knmre 1542
lSxpert rrepunitlon mid Review et
INCOME TAX RETURNS
of corporations, partnerships, ndll'uals,etp.
Corporation Tax Service Col
' .,; , Rl Kti,Trut,U.
, r. MsM" IfUlMrt MM' or ' i
MfcW X OKK BOND SALES
Cpmrnurr of TtiAlH''nt Tnitinnrtlnnn on New York Kxrhnns
Arr "-fl &C Co r5s
(.Hudson & Man M
3000
118
1000 .... 58
1000 .... 5H
1000 . ... 57
1)000 ... 57 Va
3000 .... 57
Hud & M mi Cu In
35000 .... 10
Illlnola Central fd
1000 .... 7S
Illinois Central 5 Vis
2000 ....,02
i Steel Cu 4 tt
7000 .... 83
Impcr Jap Govt 1st
Anr Tel
5000 .
3000 .
Am 'ivi
10000 ,
1000 ,
4000 ,
Am Tel
&
Tel elt
,77
77
Tel 5s
HIM
81
81V
Tel 6s
00 VI
OOVi
eooo ....
1000 ....
A"iii W t'apli
i'ii 7b
1000
82
Arttlo-Frencli 13 6a
10000
00
00
iooo
71
10000
28000
47000
20000
0000
13000
12000
2000
20000
1000
2000
1000
1000
10000
7000
2000
ioooo
iooo
1000
6000
10000
4000
Aimi'ur
1000
1000
5000
Atch T
6000 ..
iooo ..
2000 ..
5000 ..
6000 . .
1000 ..
3000 . .
1000 ..
Imp Jap
.. 73
.. 74
:. 74
.. 73
... 73
.. 73
.. 73
.. 73
Govt 2nd
. . 73
.. 73
.. 7
.. 73
.. 73
.. 72
.. 72
.. 72
.. 72
.. 72
.. 72
.. 72
Govt 4s
.. 50
.. 60
.. 50
.. 50
.. 50
.. 59
.. 58
.. 58
.. 68
.. 58
...00
...00
... 0 15
...00
... OS 15
...00
., . 00
...00
...00
... 00 1
...00
... 05
... 05
... 1)9 15
... DO
. .. 00
... 09 15
, ... 00
... 05
... 05 15
,... 07
& Co t'.al
... 8Vi
... 83 Vt
... 83
& S Fe 4s
, ... 77
,... 72V&
... 77 VI
.... 77 Vi
.... 77
20000 ..
100
10
,0000 , .
000 ..
1000 ..
2000 ..
1000 ..
20000 ..
4000 ..
10000 ..
10000 ..
10000 ..
4000 ..
Imp Jap
oooo : .
1000 ..
2000 ..
1000 ..
2000 ..
5000 . .
10000 . .
2000 ..
1000 ..
1000 ..
1000 . .
2000 . .
2001) ...
3000 ..
10000 ..
All Coast
inoo ..
Line 4s
1000
58
70
Indiana Steel Co Es
3000 .... 02
7000 .... US
Baltlmoro & Ohio cv
3000
40O0
ioooo
iooo
iooo
00
00
OOVi
10000 .... 92
Inter Agr Corp 5s
00
COVi
5000 .... 82
In r Met Co 4 Vfes
4000 .... 17
5000
00
B&OSo VTc Jt ! b
10000 .... 71
6000 .... 81
2000 .... 809i
3000 .... 70
Baltimore & Ohio 4s
1000 .... 04
Baltlmoro & Olllo 5s
1000 03
2000 .... 03
5000 .... C3
Baltimore & Ohio 6s
Int. Rap Trans :u
oooo .... 51
2000 51
0000 .... 31
20000 .... 51
Kan City & 3 Hy 3s
2000 .... 50
Kan City & S Hy 5s
1000 .... 71
1000 .... 71
1000 .... 71
Kri '' Term Ulj Is
4000 .... 71
K C F S & M Hy 4
1000 .... 00
tack Steel Co if 23
1000 93
Lack Seel Co ot '30
2000 .... 95
5000 .... 94
L, 8 & M 4s of '31
10000
23000
8000
0000
10000
l'JOOO
10000
oopo
2000
G0OO
1000
15000
81
84
84
03
81
84
84
84
8.4
81
81
84
81
5000
6000
2000
82
82
82
0000
3000
82
r- teel Zt t 16
1000 .... 84
Brook Bap Trans 7a
. 1000 .... 49
Ualt & Ohio P L E
& W Va Sya 4s
3000 .... 63
1000 .... B0
SOOO .... 05
Brk Union Ele 1st
4000 .... 02
Buf It & Pitt Ry os
2000 .... SI
Central Pacific 1st
5000 .... 05
rii a & Ohio cv l,i3
J000 .... 73
4000 .... 73
( & Ohio cv 3s
2000 .... 78
2000 .... 78
1000 73
CM A: Alton 3 'S3
10000 .... 30Vj
Chi B & Qulncy em
1000 78
("hi II & Qulncy 4b
SOOO .... 94
4000 .... 01
2000 .... 04
2000 04 Ms
C B & Quln 11 4s
1000 .... 11V
2000 .... 72
Chi M & St P D 4a
2000 .... 00
4000 00
Chi M & St P 4s 25
1000 70
7000 70
3000 .... 71
Chi M & St P cv
1000 08
Chi M & St P cv 5s
100Q 07 '
Chi M & St P Cp 5s
2000 .... 0H
Chile Copper 6s
2000 .... 81
Chile Copper 7s
3000 ....105
C Govt Hu-K Ity 5a
2000 .... 18
Chi Hallways Co 5s
LehlRh Val R Co 6s
7000 ....100
1000 100
6000 ....100
4000 ....100
2000 ....100
Liggett & Myers 7s
0000 110
1000 ....109
Long Island nil M
IOOO .... 60
Lorlllard Co 5s
2000 .... 87
Mid fa'te 1 from 5s
1000 .... 81
Mo KCity &T 4 Vis
5000 .... 25
Missouri Pac 5s '23
SOOO 91
Mlci Cent III D 4s
4000 .... 81
Xli1 .i IIP. It en 43
3000 68
N l' & II It It 44
2000 .... 77
X Y C & H R Tt 6s
2000 .... 92
1000 02
1000 .,.. 02
XI C & II R U 49
4000 .... 77
2000 .... 77
N Y N H & II 4s 5G
2000 .... 47
N Y N H & II h 6s
3000 .... 7
1000 .... 71
X Y C Lake S 3 '.is
1000 00
X Y Con Rally ilin
1000 .... 77
X Y Ont & West 5a
1000 .... 60 '
X Y State Rys 4s
2000 .... CI
N V 'lelephoiiH 4 'h
1000 .... 80
104)0 .... 80
,X Y Telephones S
1000 .... 94
5000 .... 91
Notf & Western 4s
2000 .t.. 75
1000 .... 75
5000 .... 75
Northern Pacific 3a
1000
Chi It
3000,
1000O
1000
15000
1000
70
Pac
I &
fd
00
00
83
05
65
2000 .
Northern
1000 .
... 03
Faclno 4s
...75
... 75
iooo
X & W P Coul Co Is
1000
05
5000 .... 80
5000 .... 80
Pac Gas & Eleo lis
5000 .... 81
1000 80
Penna R R en 4H
1000 .... Ill
SOOO .... 01
6000 9Ui
Penna RII gm IVis
1000 .... 82
Pennsylvania RR 5s
2000 .... 00
10000 .... 00
8000 .... 00
2000 .... 00
Pere Marquette 5s
iooo 86
Philadelphia Co cv
2000 .... 87
3000 .... 87
P S Corp of N J 5s
2000 .... 05
P.niil IB R R l'n 4s
Chi & W Ind IUt is
iooo .... 38
3000 .... 58
City of Bordeaux 6s
5000 .... 00
500Q .... U0
5000 .... 90
11000 .... 00
City of Lyons U 6s
SOOO .... 00
5000 .... 00
5000 .... 90
1000 .... OOVi
2000 .... 00
C of Marseilles 6s
3000 .... 00
3000 .... 00
2000 .... 00
5000 .... 00
9000 .... 00
5000 .... 00
10000 . . v 00
C of N Y 4Hs 'Oti
6000 ....100
City of Purls B 6s
2000 .... !l
2000 .... 91
3000 .... 01
5000 .... 91
C C C & St Li gill 4s
1000 .... (13
3000 .... 03i
3000 .... 63
Colo Fuel &. Iron 5s
6000 .... 83
Co'n Gas Co cv
3000 .... 00
Conbol Qas 7s Wl
3000 . .100
5000 . . 09
Del & Hud Cnnul cv
2000
1000
2000
9000
2000
01)00
1000
80
79
.79
79
79
79
70
R Isl Ark &. L 4s
1000
61
01
61
61
1000 ...
1000 ..-.
3000 ...
1000 ...
2000 ...
Seabil Air
1000 ...
61
61
Line a
. . 37
Air L fd
Seaboard
2000 .
30
2000 .
Dom of
ioooo .
ioooo ,
3000 .
5000 .
3000 .
81
5a of S
. . 98H
. . 98
.. 98
. , 98
Southern Paclllo cv
2000 79
Southern Pucltlo fd
3000 711 J
1000 .... 70
Bon rn Pacini' tt
1000 ... 70
4000 .... 0994
5000 .... 70
4000 .... 70
Southern Pac cv 4a
iooo 79
IOOO . . . 70
1000 . . . 79
10000 . 79
Southern Pan cv Ga
2000 ...,103
1000 ..,,103
2000 . ...10H
0000 ...103
South RAHwiya li
W ijM WK
08
98
1000 .
D of Canada ot
5000 .... 06
2000 .... 06
1000 .... 90
2000 .... 90
3000 . 0HI'4
Dom of Canada '31
1000 . 92
5000 .... 93
5000 .... 01
Erie Hall ltd cv D
VW f .,
Qcra4 Kleo. Co, 5
Southern Hallwy 5a
1000 .... 84
1000 ...; 84
1000 .... ,84
50 It M & O Ctfs 4s
1000 .... r.lli,
StL & San Fran aj
2000 .... 00
40Q0 .... 00
1000 .... 31
St li & San Fran In
1000 .... 41
1000 .... 41
St L & San Fran A
10000 .... 57
8000 .... 57
3000 .... 57
St i, i Sivpt Is!
1000 .... 03
't V M & M en Cb
0000 ....103 '
51 . .v Sim 1. 1 i., ,ii
1000 .... 42
10000 .... 41
StPM&MUIl 44s
4000 .... 00
Third Avo It It 4s
1000
4000
Union
6000
L'nioh
6000
10000
3000
6000
40000
ioooo
.... 88
88
f'a:o"lt 't ,tv
.... 86
Pacific P. 4s
.... 81
,,... 82
.... 81
.... 82
.... 81
.... 82
6000
82
t'n'n" Pacific II 6s
1000 ....101
U S, of Mexico 4s
5000 .... 32
Unit R of S Fo 4s
un ct
OOOO .... 27
10000 .... 27
1000 .... 27
U S Real & Imp 5s
1000
2000
1000
4000
2000
78
78
78
78
78
78
7000
18
1000
v i if a ii .v i ii
6000 .... !.-.
10000 .... 05
1000 .... 94
. 2000 .... 05
U K of G II & I
rets of '22
10000 .... 94
15000 .... 04
9000 .... 04
12000 .... 94
26000 .... 94
19000 .... 04
6000 .... 04
U K of Q B & I
ruts of '2D
1000 .... 94
1000 .... 94
21000 .... 04
3000 .... 04
6000 .... 94
L" K of G B &l 37
U S Rubber Co Ss
1000 .... 86
10000 .... 80
4000 .... 80
1000 .... 80
1000 .... 80
10000 .... 80
3000 .... 80
4000 .... 80
200O .... 80
U S Steel 6s
2000 .... 98
1000 .... 08
1000 .... 98
1000 98
27000 .... 08
5000 .... 98
2000 08
1000 '.. . . 98
1000 .... 98
2000 .... 98
Vlr Car & Chcm Gs
4000 ....100
2000 .... 98 Vi
Vlrglna Rlwavs Js
1000 83
West Electric Co 5s
24000 .... 07
1000 07
VS.). Maryland 4s
1000 '. . . . 50
West Shore RR 4s
4000 .... 71
Wilson Co cv
5000
2000
6000
1000
10000
2000
11000
25000
1000
1000
1000
11000
1000
2000
5000
5000
4000
88
88
88
88
88
88
88
88
88
88
88
88
88
88
87
88
87
3000
1000
3000
1000
1000
04
04
93
94
94
1:15
p. in
08.80
01.00
00.(10
02.00
01.00
03.44
01.2(1
0S.2S
03.28
Klrh
. ns.no
. I1LIM
. 00.34
. 1)2.10
. 01.0S
Low
08.8G
01.00
00.60
01.88
no.ns
03.38
01.14
08.20
0S.20
Liberty B 3's . . ,
Liberty B 1st -Is .
ibcrty B 2d 4s . . .
Liberty B 1st 4VlS
Liberty B 2d 4is.
Liberty B 3d 4Mn
03.00
Liberty u -itn -lyjs iii.uu
Victory N 3:is ... 03.34
Victory N4?4s... 08.23
LIVESTOCK QUOTATIONS
Ctilrngo, Jan. 28 HOfif.' Receipts. 10.
000 head. Lower. Bulk. J15.2015.50; top,
Jin.flO'.Vheavy, $l51fl 3V medium. $16 sow
16.4.1; light. J13 30015.00; light lights,
$14.7610 40; heavy packing sows. smoih
$14.2,1 14. 0.1: pack'ng sows, rough, $14
14.2,1: pigs $13.7,1014. 75.
CATTLE RecelptH. 1000 head. Firm
Beef steers, medium and heavy, choice and
prime, -$15.60(317.60; mediums and good.
$11.50615.50; common. S0.A&I1.5O; light,
pood and choice, $13(10.25; common and
medium. fllfeUR; butcher cattle, heifers,
$(! H51.1.75'! cows. $0.75012.50: canner
and cutters $5.6.1W 0.75; v at cilves. isw
10 50; feeder steers, $8(312.23; stocker
steers. $7.2.1H0.S5.
SHEEP Receipts, 10,000 head. Firm.
Lambs $10.50(3 21.00: culls and comm n.
St019: ewes, medium, good, and choice,
$10.7513.50; culls m and common. $710.50.
Pittsburgh. Jan. 28. HOG& Receipts,
2300 head, Lower. Heavies. $16.00(Hlfl;
heavy and light yorkers and pigs, MO.OOij)
10 75.
SHEEP AND LAMBS Receipts IOOO
hoad. Steady. TCP sheep, $14.50: top
Iambi, $2J.
CALVES Receipts, 130 head. Steady.
Top $23.
Last .St. Louis, Jan. 28 HOGS Receipts,
24.001) head Lower. Bulk, $1.1 2.1W1.1.75,
heavy. $13.2.1 15 00: medium $13 r,i1Sl5 Sn.
light. $1.1(fi)l.i.b0; light I.ghts. $1.113 .13:
rfnvv parking sowh. smooth tl411.10:
packing sows, rough. $13.3011; pigs.
nu.oiifan.i so.
CATTLE Receipts. 5500 head. Steady.
Beef &teers. medium and heavy, choice and
prime. $15. 50I&1U.. 10:, medium and good, $11
W15.25: common. $UI810."3; light, good and
choice. $ia&15.73: common and medium.
$8.2.112.7.1. butcher cattle, heifers. $7 "3(&)
15, cowa $7 75'0,11 30; canners and cutters.
$.1.75" .10; veal calves, light and handv
weight. $13020.00: feeder steers, $8 500 12;
blocker steers. $710.50.
SHEEP Receipts. 1300 head Higher.
Lambs. $17 75(21: culls and common, $13
17.25: yearling wethers. $14&1!; ewes,
medium and hclco. t'Ji$12, culls and com
mon. $54fS.30.
Kansas Cltj. Mo.. Jan 2S HOGS Re
ceipts. 10 Olio, Lower. Bulk $14 0(g 1".
heuNles, $14 SZ 1.1; mediums, $14 !-0!81.1 in
lights. $11 "."iCil.1.1.1, packing tows, $13 73
14.50: pigs: $13.,1015 7,1.
.CATTLE Receipts, 8000. Higher. Heavy
bef steers, choice and prime, 913.2.1(0'
111.50; medium aDd good $11.2.115.2.1: coin
man, $10.5013)11. 23; light, good and choice,
JllSfld' common and medium, M'iBll.
butcher cattle, heifers. $7012.7,1. cows,
Stl.'J.lif 12.'o. canners and cutters. $.125(17,
eal cale, $14H1.75; feeder steers, $8 23
13.10, stocker steers, $0..Wfi 10 00
SHEEP RecelptB, 6000. Higher Lambs.
$17 75Q21; culls and common $12 .in
17.50. xarlini-- wethers. $15.45'1 ewes
$!0.ti.1ftl3; culls and common. $.1 2.1 4110 3.1
breeding ewes, $8 14.50: feeder lambs,
$15.25lii'lS.23
East IlulTulo, N, Y Jan 2S CATTLE
Receipts. 300 head Mady. Calves re
celpts, 300 head. Fifty cents lower, $B'n5.
PEARCE SERVICE
LATH. EXPANDFn METAL
All gauges anil rights.
MACHINE GUARDS
Of mpunded ruclul. Protect jour
employ es.
UNION METAL COLUMNS
Last a lifetime. Decorate our
lieuje.
DEXTER COLUMNS
meut filled. Sute floor spate
SANITARY METAL BASE
ricture mould, donr casings, win
dow sill, babe grounds, corner beads.
CURB REINFORCEMENT
Protects jour cement curb,
EXPANSION JOINT FILLER
Mnes jour concrete floors and slde
wulss. PLASTER BOARD
SHEATHING
Cobts lftH Ihun mogJ,
PEARCE FIREPROOF CO.
N. E. Cor. Ilroud und Arch Ms.
Good Bostd
Salesmen
Good bond salesmen are wasted by
every bond houie.
Are you In a poillion to name your price
or accept one?
Our SO tetton Course of Jnvtitmenti
and Security Sel!ln0-!he course that is
being; used by hundreds of successful
bond salesmen today will not only elve
you the information you need to be of
real service to i our clients, but will give
you a training-In Security Selling that
will practically insure your success. It
contains the information which distin
guishes the Uond Salesman from tho
order laker.
A request will bring an Outline of
Citrit and copy or'iVhat the Investor
Likes lit a -Boiid Salesman," gratis.
Write for Bulletin 34 G
BABSON INSTITUTE
lFennrl)ilmitmtHtBan)n Bureau)
WE OFFEU
Vermont Hydro-Electric
Corporation
First Mortgage 6s
Due Oct. 1, 192D
Welsh Brothers
028 Chestnut Stoeet
l-hlludrlphla
Tinlmrd 1543
FINANCIAL
Annnnl Meeting
Kg AJ1KKICAN DKEIMUNd COMPANY
Itoom BIO. Mariner and Merchant nidg.
Philadelphia, January 27. 1020.
At tho Annual Mef-tlne ot tho stockholders
of tho company, held this day. the following
named gentlf men were duly elected Directors
to Herve for the ensuing jear:
Henry 11. Town John C, Wilson
Ileauveuu Borlo 1'hlllp L. Kpaldlne
Himuel CAntner. Jr. Nathan Hay ward
Henry It. Udmunda Arthur N. Ilerren
Flojd II. Bradley
And at a subsequent meeting- of the Board
of Directors, the same day, the following
numed otTlcors wern unanimously ro.electedJ
NATHAN HAYWAim. President.
JAMEH N. KNIPE. Treanurer and Scrctary
JAMES N. KNIPE.
Secretary.
TIIK ANNUAL MEKTINCf OF Tlin
fltnrkhnlrterfl of thn Pennsylvania Cold
Mornge. mid Mnrkrt Compiuiy will be. held
nt 2""f Market strnt on Friday, February
13. 1920, at 12 M.. for tho election of
Directors lor tho ensuing year and for the
transaction of such other business as may
come before tho meeting.
II. A. ItOWLAND.
Secretary.
Philadelphia, Ta.. January 28, 1020.
KS GUARAXTKi: TKUST AND SAFE
JLJ DEPOSIT COMPANY
Phlladlphla. January 28. 1020.
Ths Annual Meeting of the stockholders
for the election of Directors and for the dis
posal of all other matters that may como
before It will bo held at tho offlco of the
company. 311. 318 and 32H Chestnut street,
on Tuesday. February 10. 1020, at 11 o'clock
a. m Tho polls will remiln opeu from 11
o'clock a. m. until 1 o'clock. p m
HOWARD E. YOUNQ. secretary
CSS3 OFl'ICK Or PHILADELPHIA
fc' TRUST COMPANY
Philadelphia, January 24 1020.
An Annual 'Meeting of the Stockholders o'
this Company will b held nt their offlco on
Tuesday. February 10. 1020. at 12 o'clock
m , and on the same day an election will
bo held, .between the hours of 12 o'clock m
and 1 o'clock p. m., for Directors to serve
during tho cniulns year.
H T. MCLOY Secretary.
Special Notices
OSS" TO THE STOCKHOLDERS OF THE
Real Ilstato Title Insurance and Trust
Co. of Philadelphia:
Notice Is hereby elven that a medal meet
ing of the stockholders of the Real Estate
Title Insurance and Trust Co. of Philadel
phia pursuant to a resolution ot the board
of directors adopted at a regular meeting
on January 13. 1020 will be held on Thurs
day. March 18. 1020. at noon, at 523 Chest
nut street. Philadelphia. Pa,, for the pur
pose of approving or disapproving a pro
nosed Increase Bf the capital stock from
1.000.O0O. consisting of 10.000 shares of the
par alue of $100 each, to 2.000,000. con
sisting of 10 000 additional shares of the par
aluo of S100 each.
CHARLES S. KING.
January 13 1020 Secretary.
Dividends
International Motor Truck
Corporation
Directors of International Motortruck Cor
poratlon have declared a dividend of $3.50
per share on the first preferred and a divi
dend of $13. 50 per shi're on the second prefer
red stock, payable out of earnings. Both
d'vldends are payable Mirch 15. 1920, to
stock of record February 28, 1920. This pay
ment covers all dividends accruing on both
preferred issues from September 1. 1010. to
March 1, 1920. DlvlSends applicable to
scrip certificates will be paid by Guaranty
Trust Co. on surrender of such scrip certifi
cates for a full share or shares.
C. W. HASELTINE. Treasurer.
New Tork. Jan. 27, 1020.
GENERAL AM'HA'LT COMPANY
Philadelphia. Jan. 27. 1020.
Preferred htock Dividend No. 51.
A dividend of IVi per cent (81.25 per
share) has this day been declared upon the
Preferred stock, payable Monday, Murth 1,
1020. to stockholders of record at the close,
of business Saturday, February 14, 1920.
Transfer books will not be closed .
I'R'NK nBAMANH. Secretary.
THE COMMONIVEAl.TP TITLE INSUR
ANCE AND TKUhT COMPANY
The Directors have this day declared a
quarterly dividend of three per cent (3),
free of tax. payable February 10 to stock
holders of record at tho close of business
January 31, 1020. Checks will be mailed.
JAMES V. ELLISON.
Treasurer.
THE GIRARD NATIONAL BNK
Philadelphia. Pa.. Jan. 27. 1020.
The Board of Directors has this day de
clared a quarterly dividend of 5 per cent
(3), payablo February 2. 1020. to stock
holders of record at tho closo of business
January 27. 1020.
Checks will bo mailed
C. M. ASHTON,
Cashier.
AMPARO MINING COMPANY
Philadelphia, January 27, 1020
Tho Directors have this day declared the
regular quarterly dividend of three per rent
(3V,0 and an extra dividend of two per cent
(2r,). ravable February 10. 1920. to stock
holders of record January 31, 1020. Checks
will bo mailed.
JOSEPH S WILLIAM!. Treasurer.
Special Meetings
r3S AT A SPECIAL .MEETING OF THE
K' board of directors of the General
t tlllty Co., held January 21, a quarterly
dividend of 1 per cent was declared on the
preferred and 3 per cent on the common to
nil btoc l.holdi-rs of record on the bookf. of
the comrany December 31. 1010. Checka to
be mailed.
(Signed) D. PAXSON.
Treasurer
S NOTICE IS HEREBY GIVEN THAT
n meting of the contributors to the
Methodist Episcopal Home for the Aged of
Philadelphia will bo held In Simpson Hall,
N. W. cor. 17th aud Arch street. Philadel
phia, on Wednesday, February 11. 1920, at
1 30 p. m., to take action on tho sale of
property 1030 W Glrard avenue, Philadel
phia, and to uutnorlze the execution of a
deed to the purchaser thereof.
REBECCA E. S ADAMS.
Corresponding Secretary.
Pro peals
Department of Public Works
waled proposals will bo received and
opened In Itoom 210, City Hall, at 12
o'clock noon Friday, January 30, 1820, for:
GRADING.
Pavine with Asphalt (Assessment-
Work).
Paving with Vitrihed Block (Assess
ment Work).
Rerjairincr AsDnalt Pavements rlnrinn
the year 1920.
.Contractors will be required to comnlv
with the Act of July 18, 1017. relative to
Workmen a Compensation Insurance, and
proof must be furnlshedd the Department
by said Contractor that ho has accepted th.
provisions of said Act, and Insured his
liability thereunder or secured exemption
therefrom. v u"
JOHN C. WINSTON. Director
Inqulro at Room 232, City Hull.
ornri; or the uoxiid op keumov
ot Tas. City Hall. Itoom liO lo:N
January l'm innj.
Sealed proposdls for bUnkbooks print mi;
stationery and supplies will bo received at
ti.la rfti.i until lebrunrv l:t. lO'.n ... .
o'clock p. m "
The board rereres tho right to rejea aiiv
..-I ull bids that may be iuhrIii... . . .'
accordance with tho public Interest
All articles and work bid upon must bo of
tho best quality and in accordance with tho
samples, specifications, etc. lu0
Printed schedules on which the bids must
be made and samples will be furnished upon
application at this offi.e anil the books, sta
tionery, supplies etc must bo furnished dur
Ing the -vear 1920 as may be required
No bids will bo received except from
persons who arc manufacturers of or deal
irs in the articles they hid for Cdl
Each proposal must be accompanied bv
a certificate that a bond has been filed Jn
the Law Department as directed by ordl"
nanru of Councils, dated May 23. IStjO.
By order of the Hoard
Joseph OBEn.VDonr
Knecutlvg Cle'rlr
proposals roit ULANKETS
Office of the Quartermaster General, Clothing
and Equipage Division. Nunltlons Build.
Ing, Washington, D. C.
Sealed proposals. In duplicate, will b.
received here until 11:00 A. M Fehruan
10. 1020, for furnishing 180 lied SaddK
MinVets Information on request.
IARTVKRlllllv
KSf' DISSOLUTION NOTH'E-NOTU'ETs
W:fi hereby given that M. Wind und J.
Morris, trading aa M. Hind A Co, und as
Wind A. Morris, tiavo dissolved partnership
im January 7. 1920. All persons havlim
claims .aialnst either of the abovo nrma
originating before that dale are request d
to present them at onct, in person or by
registered mall, to the undersigned, who
have bjcu appointed a attynjeys-ln-facL
We take pleasure in announcing
Mr. Charles C. Bruce
is now associated with us in our
Bond Department, as Statistician
CARSTAIRS& CO.
Members phltadetphla and A'eui Yjrk Stoch Exchanges
1419 Walnut Street 71 Broadway
Philadelphia New York
BROOKE, STOKES & CO.
Members of Philadelphia Slock Exchange
Fifteenth and Walnut Streets
Philadelphia, Pa.
HANDY-DIGEST
Federal Income Tax
1920 Edition
This manual for individuals, now ready for distribu
tion, contains answers in simple language to those questions
which our experience in handling thousands of inquiries
has indicated are of most importance and greatest interest
to taxpayers.
Copies free upon request for Booklet T-93.
ALEX. BROWN & SONS
(Oldest Banking House in the United States.)
Baltimore, Maryland
Invincible Oil Corporation
Tank Car 6 Equipment Trust Certificates
Issued Under the Philadelphia Plan
Guarantee Trust and Safe Deposit Co., Phila., Trustee
Series "A"
Dividends February and August 1st
Denomination $1000
Guaranteed aa to principal and
dividends by tho
Invincible Oil Corporation
whose outstanding capital stock has a present
market value of approximately $9,250,000.
Secured
upon modern tank cars of 8,050 gallons capac
ity, upon which the Corporation makes an
initial cash payment of 33 1-3.
Due
semi-annually from August 1, 1920, to Feb
ruary 1, 1925.
Price to Yield 74
When, if and aa luucd, and delivered to ua
Parsly Bros. & Co. Frazier & Co.
1421 Chestnut Street
Philadelphia
I s
I
e ii g Mi .
Income Tax Returns
The deduction of all allowable items and tho
procntation of essential facts in corporation and
individual Income Tax Returns require a thorough
aud comprehensive knowledge of the Federal In
come Tax Law, and all Amendments, Regulations.
and Treasury Decisions passed since 1909.
Few taxpayers are sufficiently versed in the
Income Tax Law and the application thereof to
risk the waste of time or the possibility of error
by assuming personal responsibility for this impor- '
tant work.
A special department with a staff of ablc audi
tors under the direction of a former Government
Revenue expert has been organized by this com
pany, in connection with its general accounting and
auditing practice, to look after the interests of its
large and rapidly increasing clientele in all mat
""tevs pertaining to Federal Taxation.
Accurate, unbiased audits arc essential to tho
proper compilation of Income Tax Returns. This
work is clearly the function of the CERTIFIED
PUBLIC ACCOUNTANT, whose analyses and re
ports are reliable and beyond question. We aro prc--pared
to assume full responsibility for both audits
and Income Tax returns, cither jointly or as sep
arate propositions.
Our service covers all correspondence, confer
ences, etc., relating to tax matters between tho
Government, its examiners and our clients until
the final acceptance of the return. Conferences
can be arranged immediately.
George K. Watson & Company
Ceo. K. Yatson, C.P.A. (PA.) '
Public Accountants & Auditors
Real Estate Trust Building, Phila.
1111 I'liono
WnU 4 Hi
WrUri4 orate Old
102 St. Paul Street
Baltimore
Broad & Sansom Sts.
Philadelphia
Kuytlon. FhuB
139
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