V 19 J&yWSKQr- -PUBLIC I0 LEM JANUARY 29, 1D20 " at whip yfw . ) For philadelphia AND PENNSYLVANIA ff'trn ' T&IS BANK is designated by law Fiscal and Transfer Agent and bepository of THE COMMONWEALTH OE PENNSYLVANIA . ;. . THE CITY OF PHILADELPHIA THE BOARD OF PUBLIC EDUCATION . ..SCHOOL DISTRICT OF PHILADELPHIA BL;BONDS of the City of Philadelphia and the State of Pennsylvania- issucu, uauaicrrca ana rcaccmca tnrougn this bank. A MILLIONSof dollars are disburs6d by it annually in the pavment of i for these accounts and in the redemption of maturing loans of th ana ine oiaic. STRONG and able to extend its facilities and protection to rthc 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. are interest the City THE PHILADELPHIA NATIONAL BANK 4l CHESTNUT STREET An Unusual Investment Opportunity Due to the' Present Premium in Canada on United States Funds During the last two months, the premium on United States funds in Canada" has established a new high record, with the result that purchasers 'in, the United States have been able to obtain choice bonds, issued in Canada, but payable at maturity in United States funds, to yield much higher interest returns than formerly. An example of this is a block of $2,400,000 PROVINCE OF SASKATCHEWAN 6 Bonds Principal and Semi-annual interest payable in New York City, which wc are able to offer strictly subject to prior sale at 96.86 and accrued interest, yielding 6.75' The PROVINCE OF SASKATCHEWAN is larger than the combined areas of-the States of Illinois, Wisconsin, Indiana, Michigan and Ohio, and is one of -the leading wheat producing sections of the world. It has an esti mated present population of over 800,000, and a gross funded debt of less than $35,000,000, a large part of which was incurred for expenditures to the publicly owned telephone system and other income producing properties. Orders lor these bonds may be tele graphed or telephoned at our-cxpense Bond Department Continental and Commercial Trust and Savings . Bank Chicago The above statements, aro not guaranteed but are based on Information which wo believe to be correct and reliable. NEW YORK BOND SALES Rnmirmry of I itflfvMnjit Transactions on New Ifork Exchange Art AB & C Co D ss 400Q .... ' 1000 .... OSVa 8000 .... 0?1 Am Smelt tt Rot Ga 1000 .... 84 Ani Tel & Tel clt "1000 ...'. 17i' -qooo" .... Ttb Am Tel & Tel 5b 1000 .... MVi 4000 .... BZ'fc 1000 .... 83 Ml iOOO .... 82 Mi Alu'Tel & Tel 6b 0000 . 1000 . Am Tel 1000 . 000 . 1000 . iooo . iooo oo ,i 82 Tot 63 00 00 H 00 Y ooy D04 Anglo-French B 6a :000 15000 1000 1000 1000 3000 1000 1000 10Q0 15000 10000 4000 --3000 10000 1000 0000 oooo 3000 1000 2000 0000 1000 1000 $000 90 OS IS 00 . 03 06 03 IS 05 IS 06 00 03 r 05Tb 03 IS 0GT 05Tf 00 03 IS OBTs 03 13 0ST4 03 05 05 13 03 05 13 Armour & Co 14 a 1000 ...-. 83 All Coast Lino 4b 2000 .... 10 4000 . 10'.- Atch T&SFo adj 1000 .... "JOtt Atch T & S Fo 4b 5000 ? 12000 ... 1000 .... TJ'j , A T & S FO CV 4 ' 1000 ...'. ("' 2000 -... 68 Baltimore & Ohio cv liooo .... '60 1000 .... 60 B000 60Vi Baltimore & Ohio da 4000 .... 6Vj Baltimore & Ohio 4a 6000 .... 4M 2000" Vi 3000 .... M'4 3000 .... Baltimore & Ohio 63 S00O .... 03 4000 02 , Baltimore & Ohio 6b ioooo .... ooti C of N V 4&b of Nov 57 1000 ..1.100 City uf I'arlo B 6s nooo .... ui 1000 . ,, oik 1000 .... 02 1000 .... 02 i Colorado & bo 4 Via 600(1 .... 7 Hi 2000 .... 72V& 4000 .... 72 Consol daa 7s Wi 5000 . ..". 00 3000 .... oifTfc S000 .... 00 0000 ... .100 " Corn V U Co 5a 34 1000 lOOVi Den & rtlo Gra,nd fd 1000 .... 44 ,1000 .... 43 ' D Edl Co Ca "of 40 1000 .... 80 V4 Del,& Hud Canal cv 3000 .... 84 D of Canada or 29 8000 .... 054 1000 . ii, 95?i 7000 .... 03 2000 .... 05 Dom of Canada 31 1 iooo .... 07")i Erie It K GcniLlcn 1000 . .. 30 1000 .... 40 1000 .... 30 Erie Ball ltd Co 4b 1000 .... 7794 Erie Itn, Co cv 4s 1000 .... 03 Hudson & Man fd 1000 .... 37 1000 .... 57 2000 .... ni) 3000 .... S7 5000 .... 57 5000 .... 07 Green B & W Ry B '4000 .... 8 0000 .... 8 111 Central 4b of '53 2000 .... 67 Illinois Central 514b iooo .... oi Imper Jap Govt 1st 1000 .... laig 1000 .... 71 5000 .... 73 fiOOO .... 72?i '1000 .... 73 1000 .... 71 101)0 .... 74 Imp Jap Govt 2nd .2000 11000 23000 7000 5000 1000 2000 4000 12000 84000 6000 84 81 81U 84 84 84 84 81 84 84 84 Seaboard Air Tj td, .4000 .... 45 Seaboard Air h Es 1060 .... 00 So Bell Tel Es 2000 .... 8494 Southern PaciQu fd 1000 .... 76 3000 .... 76 2000 .... 76 .7000 .... 76 23000 .... 74 1000 .... 70 1000 .... 77 Southern Pac cv 4s 2000 .... '10 7000 .... 70 ' 1000 .... 70 1000 .... 70 2000 .... 70 4000 .... 70 '1000 .... 70 Southern I'ao cv 5s 10000 ....102 5000 ....102 StL & San Fran aj 10000 .... 00 St L. & San Krau A " 3000 .... 66 St L & Sweat 1st 6000 .... 02 Texas & Pao Ry list 1000 . .,. 4 Third Ave RR aj 0000 .,.. 20 V H of G B i.I 21 10000 .... 04 1000 .... 0J 1000 .... 03 10000 .... 91 6000 .... 94 1000 .... 03 5000 .... 04 31000 .... OS 0600 .... 03 U K of G U-i I 10000 1000 26000 32000 17000 3000 .;.. 87 ..,. 87 ,. 87 ... 87 .... 87, B7 5000 10000 . . 4000 . . 1000 .. 2000 . . 1000 . . Imp Jap 2000 .. 10000 . . ioooo . . 3000 4000 . 73 . 72 73 . 72 . 72 . 72 Govt 13 ,. 38 . . 08 . 08 .. 60 3 08 The Strength of a Bank Depends upon the character of its directorate as well'a8 upon the extent of its resources. Our Board of Directors comprises men of the highest standing in their respective lines of business; men to whom you can safely en trust your financial interests. They maintain constant oversight over the affairs of the insti tution eIkc FIRST NATIONAL BANK OF BOSTON Deposits t- ' - $170,000,000 Resources, Otfcr $260,000,000 Branch at Buenoa Atirea, Argentina LIBERTY BONDS All Issues Bought and Sold $50 $100 $500 $1000 Graham, Parsons &o 435 Chestnut Street Philadebhk B &' O S West 3B 4000 .... 70 Beth Steel Corp fd 2000 .... 83 Beth Steel C Ea 36 1000 .... 83 1000 .... 85 1000 .... 84 2000 .... 85 Brk Rap Trans 7a 7000, .... 46 Brk K Trans ct 7s 2000 43 Dom of C Es of 21 500D .... U7Tt Dom of Canada "26 4000 .... 91 Central of Ga Cs 2000 .... 89 8000 80 1000 .... 80 Central Leather 6a 1000 .... 95 Central Pacific 1st 4000 .... 73 2000 .... 00 Central Pacltlc 3a 2000 .... 80 Ches'&Ohlo cv 4s 10000 .... 73 1000 .... 73 6000 .... 73 10000 ..... 73 1000 ."?.. 73 1000 .... 75 1000 ... 10 Chea & Ohio cv 5s 10000 .... Tf'H 6000 .... 77 3000 .... 77 1000 .... 77 Chi & Alton 3 IOOO .... 30 C & Alton Char 4 2000 .... 80 Chi B & Qulncy 4s 1000 .... 94 1000 .... 04 2000 .... )4 1000 .... 04 10000 .... 04 2000 .... 04 , Clil M & St P 3a 9000 .... 50 Chi M i St 1 TJ 4s 0000 .... 50 2000 .... 60 C M & 3 P fd 3ti3 1000 59 Chi M & St Paul 4s 1000 .... 07 Chi M c St P cv 4s 2000 .... 68 Chi M&StPov 4 ' 1000 .... 68 1000 . . 68 1000 .... 68 2000 .... 07 Oil & St P fd 4 Vis 1000 .... 58 1000 .... 67 1000 .... 68 O M & St 1 Wn 4 6000 .... 76 2000 .... 75 10000 .... 76 CHI M tc St P Cp Da 1000 . . 08 Chi M & St P cv 5s 3000 . ... 00 3000 .... 00 ClilcJEO & N V BUI 6000 .... 70 Clll R I & Pac fd 50U0 .... 05 4000 .... 03 Chi & W Ind RU Jb 2000 .... 58 3000 .... 57 Chile Copper 6d rcta of. '22 . 3000 .. 04 4000 .... 01 3000 .... 04 47000 .... 04 100000 .... 94 1060 .... 04 5000 .... 01 6000 .... 01 IT K of O U & I rets of '20 1000UO .... 04 1000 .... 04 10000 .... 04 22000 .... 01 3000 .... 01 3000 .... 04 8000 . .. . 04 1000 .... 04 5000 .... 04 '1000 .... 04 U K of G B & I 37 Unit R of 3 lp0 4s Uil ct 11000 .... 36 Union Pad no fd .6000 . ... 74 5000 .... 74 1000 .... 74 4000 .... 74 Union Pacific It- U 1000 .... 82 1000 .... 82 Union. Paclllo 11 6s 1000 ....100 3000 ....101 1000 ....101 U S Heal &. Imp Es 2000 .... 79 1000 .... 78 10000 .... 79 1000 .... 70 6000 .... 78 2000 .... 78 U B Kubbcr Co 3v 7000 ... 80 3000 .... d 6000 . .k. 86 1000 .... 80 3000 ... 86 1000 .... 80 4000 80. 4000 .... 80 1000 .... 80 8000 .... 87 U S Steel 6s ' 2000- 1000 700O 1000 8000 1000 6000 88 88 88. 88 88 88 88 2000 1000 1000 1000 1000 1000 1000 1000 1000 98 98 08 98 98 08 08 08 98 VIrplna Juways 03 2000 .... 83 Wfibash R R Go 1st 2000 ..-.. 89 1000 .... 60 ,,5000 .'. .. 80 West Electric Co Cs 0000 .... 07 West Maryland 4s . 5000 .... 50 1000 .... 50 West Pacific KK 1st 34000 .... 83 16000 .... 83 - 1000 ..,.. 83 West Shoro Rlt 4s 2000 .... 71 2000 .... 70 Wilson Co 1st 1000 .... 98 1000 .... 08 1000 .... 08 Wilson C8 cv 1000 .... 94 2000 .... 94 A Business Woman as Executive's Asiiitant Due (o the crxmtlon of wnr work. Hie nrrlrt of a busloras uotuun. roll me graduate, sre mailable for n ureutlte clulnr Inltfatlre. Udtllty and tad.1 Kx trnilre eiprrlence with corrnuoodenrr, employment, nfllw! uiunaiement and eOl. clency inethoda us .practiced . In modern Induitrlal plants I, mm. a worl.tnj knowi. edio.pt two forelsn Innruaireiii able to thoulder detalla. so that tha head ot tome corporation max bate greater free dom for nla more Important anlea. U0.-V 028. LKDOKK.OJKFICK. A Convenient Place to Bank ' Third National Bank Opposite Broad Street Station 6000 1000 2000 6000 1000O 2000 3000 1000 6000 0i 80 80 80 80 80 80 80 70 CMlo Copper 7s 1000 I0J Chi It I & Pao td 1000 . 6 .2000 . 03 City of Bordeaux tfs 10000 ... uo 1000 .... 00 City of Lyons B 6s 0000 . 00 1000 ... uu 1000 . . 00 ., sooo ... 00 v C of Marseilles 6s toooo 10000 1000 2000 .. 3000 ... C Of N T 00 00 00 . 90 , 00 4Hs of Iowa Central RR 4s 2000 .... 40 3000 .... 40 Indiana Steel Co 5s J0U0O .... 02 Inter Met Co 4s 1000 ..:. 18 40000 18 Inter Rap TranB fd 2000 .... 50 2000 .... 80 7000 .... 50 3000 .... 50 Inter Mcr Marine os 2000 .... 93 1000 .... 03 Kan City i a Ry 3b 4000 .... 60 1000 .... 60 Kan City & S lty Cs 1000 .... 71 1000 .... 71 1000 .... 71 Kan City T Ry 6s 8000 .... 00 Kentucky Cent U 13 2000 73 Li a fi. M 43 of '28 2000 .... 85 Li S & M 4a of '31 2000 .... 82 2000 .... 82 Li & N R R & S Ry Monon 4 s 1000 .... 63 Lehigh Val R Co 6s 3000 ....100 2000 100 Liggett & Myers 7s 2000 110 Mich Cent RR D 4s 4000 .... 81 Mid Steel & Ord 5s 5000 .... 8 4 VI 4000 .... Hl 1000 84 Minn & ft L. RR 4a 2000 .... 38 Missouri Pac gm 4s 1000 .... 50 1000 56 Missouri Pacific 6s 1900 03 Mont Power Co 6s 1000 .... 83 Mo Kan C & ex 4s 5000 .... 58 N Y C & II R R J ',i 4000 .... 60 Vi 1000 .... 00 2000 .... 00 10000 .... 06 3000 .... 60 3000 .... 66 N Y C & U n R a 10UO .... 77 NYC&HRR4W 1000 .... 77 1000 .... 771,4 N Y C & II R R 6s 1000 .... 02 N Y O A. St L. K is 4000 .... 7U 1000 .... 70 N" Y Teleplumo Itta 5000 .... 80 x 2000 ..... 80 N Y Telephones 6s 2000 .... 01 1000 .... 93 10000 .... 03 9000 .... 03 Js'orf & S R Co 5s 1000 ..., 63 Northern Pacific 3s 5000 .... 63 Northern Paclflo 4s 1000 .... 73 0000 .... 75 2000 .... 73 15000 .... 75 1000 .... 75 1000 .... 75 Northern Puo I'.ia 1000 .... 78 NuvSlates, P Co 5s 2000 .... 83 Oregon, Short I. 4a 2000 .... 82 Oregon Short L 5s 1000 .... 92 1000 ....100 Oregon Short L 6a iooo ....101 Pao Cas & lIeo 5s iooo 87 Penna R It en 4a iooo .... ooi)i IOOO .... 00 1000 .... 01 Penna RR gm ls 1000 .... 81 10000 .... 81 10000 .... 81 Pennsylvania HU bs 1P00 .... 00 4000 .... 00 8000 .... 90 Pere Marquette 6a 6000 ... 80 Republic of Cuba Ss of 1304 1000 ... 01 It 1st Ark & L. 4s 4000 .... 01 2000 .... 01 3000 . .. 01 3000 .... 81 1000 ,.t. 01 Seabd Atr Lino a) 033. 000. Totals. JlS.QSi5.00O. compared with !!. eaieraay. Tims rar this week, JS3,. Bamo period last wcet, J52.0i0, Liberty 3's . . . Liberty 1st is. . . Liberty 2d 4s... Liberty st 4V18. Liberty 'M 4'4s. Liberty 3d 44s. . 03.42 Liberty 4th 4s. . fll.20 Victory 3s .... 08.18 Victory 4$s 0S.18 inch 08.00 01.50 oo.es 01.00 01.00 IjOW 08.74 01.50 00.42 01.60 00.54 03.30 01.00 08.08 08.00 Clone 08.80 01.50 00.42 01.00 00.01 03.32 01.00 08.14 08.00 LOCAL MINING STOCKS TONOPAII STOCKS .. El"1 Aslied Caah Ttoy 08 .10 Jim Butler 21 ,'J7 MacNamara 05 .70 Midway IS .'."J Mlipah Extension 12 .16 Montana , 10 15 North Star 08 10 Ttescuo Eula 25 .30 Tonopah Extension 2i ?54 West Knd- it' MT West.Ton ...:; .10' AS DIVIDE STOCKS . All ed Dvdn ni Alto DIvldo !o.-. tfclcher 21 Ben Hur , .on Broueh Divide , 25 DlWdo Kxt i Divide Svnd 03 Divide Con 07 Dividend is Uast DIvldo ., 03 Hasbrlck DIvldo 04 Hich Divide 03 IteVert Divide ............... S Keno Divide 3 Ilosetta. 0-. fcller Kins , yo Tononah Divide .... 8 Ton Ilasbrlck 18 Victory Divide 'ij Verde DIvldo 111 son ..q .nr. '17 .23 .08 .30 .22 .0(1 .Ofl .03 .27 .05 .07 .07 3Vi .20 .20 .30 GOLDl'IELD STOCKS Atlanta .. Illue Bull Booth . . . . C. O D. , Comb Vran Crackerjack v 1 wi.n jai.-tv .......a...... It I Dtamf B U , ........' 01 Daw ioj l' lorence t jd Oolclfleld Con Goldfleld Men .. Gold Dv Oreat Bend .... Jumbo Extension Kewanaa Lone Star Oro Red Hills Sliver Pick . . . Spearhead .13 .02 .00 , 02 .OH .02 .0.1 .01 .02 .01 .01 MISCELLANEOUS .01 03 no .or. .03 .03 .nr. .15 .ot .12. .03 - .OS .04 .05 .03 .0 .0.1 .08 Amparo ... , Jjro Arizona United ,..' 15 IMon i. Mother l.odo r.7 .Nevada Hill 0 Nevada Itanrt ." " "5 Promontarlo ' '"ii: Nevada AVonder " 17 Tecopa Mln .,, White Caps .......'.'.' 08 10 .20 .B0H .04 .25 l4 01 !l3 .10 47. $1,500,000 The Cincinnati Gas & Electric Co. Seven Per Cent. Three Year Gold Notes Dated December 1, 1919 Due December 1, 1922 We summarize from a Idler signed by Charles D. Jones, Esq., President of the Company, as follows: Property:' The Company owns one of the largest and most modern generating stations in the United States, with a present installed capacity of 60,000 K.W. and an ultimate capacity of 140,000 K.W., together with distributing systems supplying electricity and gas to Cincinnati, "Ohio, and gas or electricity or both to a number of adjacent communities. , Equity: These Notes constitute a direct obligation of The Cincinnati Gas & Elec tric Company. The funded debt of the Company is followed by $35,056,300 of capital stock, representing at the present market value of $73 per share, aft equity in excess of $25,000,000, on which annual dividends at the rate of 5co arc being paid. Earnings: Income is equal to over three and one-quarter times interest charges on the Company's total funded indebtedness. The Cincinnati Gas & Electric Company has one of the longest dividend records of any corporation in the United States, having paid dividends of not less than 4 per annum continuously for over sixty-six years. The present rate is C, which has been paid since 1910. Price 99 V2 and interest J. & W. Sehgman & Co. 54 Wall Street New York A. B. Leach & Co., Inc. New York Chicago Boston Philadelphia Cleveland' A all of these Notes have been sold, this adver tisement appears for purpose of record only. Exempt from Federal Incomfc Tax State of South Dakota Rural Credit 5 Bonds Dated January 15, 1020. Maturing serially January IS, 10:!0 to 1040 inclusive. Principal and semi-annual interest (January 15th and July 15th) payable atContinental and Com mercial Trust and Savings Bank, Chicago, or in New York City. Coupon bonds of $1,000 denomination. Registrable as to principal. Eligible as Security for Postal Savings Deposits Legal Investment for Savings Banks in New York and Connecticut Financial Statement (As Officially r.crortcd) Aliened valuation for taxation $2,095,154,178 Bonded debt, including thii iue . ,i, , 26,450,000 Population, 1910, U. S. Census 583 888 Population, 1918, estimated 735,000 Total Bonded Debt Less Than X of Assessed Valuati6n These bonds, in the opinion of counsel, arc a general obligation of the State of South Dakota and are issued by the Board of Rural Credit Commissioners, pur suant to law under an amendment to the Constitution of the State of South Dakota, authorized by a vote of the people and upheld bl' a decision of the Supreme Court of the State. ' 1 ' Price 100 and Interest, yielding 5 Continental, and Commercial Trust and Savings Bank Chicago Halsey, Stuart & Co., wc New York Land Title Buildine, Philadelphia Harris, Forbes & Co New York Widener Building. Philadelphia The National City Co New York 1421 Chestnut St., Philadelphia LIVESTOCK QUOTATIONS ('Mem. .Inn "ft. .Ilrula n..i. 000. Vak Bulk. IIS 13 (i? IS so ton J15.6B: heavy JH.00O15.S3? medium MS?; !iV55iyi3!.7ra- rouh-si CATTLE RecelDts. 1 i.nnn h . ... Ifoef BtCL'rs. medium andheay. ihil o ami prime. 1R.50' 17.5. medium am! looa Jll. OOi&lS.BO, common, 10 AOfifll SO liht good and choice. 13lfrlo.2S. common and medium. u(SJj; butcher cattle lielfera ia.T5fi13BJ: cows. M.7.1WI1" in ii.l-Jfi and cutters, J5.0S(1 78, eal calC-ca. sisss K .lOr8' MM. ock.r SHEEP Receipts. 13.000 head Unaet t.,.eud,i'a,,i,bs 1-21;85: culls and common. $t187.1 ewes, medium, cood and choice 10.75l!I3.B0i culls ao4 comrnm. I70"o.8o: ,E!lLbuJl,V Jan l'?. HOaS Receipts, MOO head Lower. Heavies, Jl.r...'.cvti13 ,.' hfav-yorkers. JltlGlO "3. light :orker. and ulcK. tin '.'5 in so. KHCUP AND LAMH.H Receipts. BOO head bteudy Toji sheep, til. SO; top lumps. t2L". CALVUB Receipts, mo head. Steady Top. 123 Baat M. I-nuU. III.. Jan. si) HOOS Receipts, 13,300 head Lower llulk. tlS no 15,7.1, Heavy. tlS.10 J3. CI. medium tl3.40luM5.80, llsht. tl5a04fl3.no. light llchls, tl5.,J5Clo 75; heavy racking- bows, smooth. ti-i&H.ZO; packing buws. rouch t!3 3014. pigs. tl2.B05J13. r"n, CATTLU Receipts. SBOO head Steady Beef tteers, medium and heavj, choice and prime, tTSWHIi medium and good tUti 14.75; common. tBJ0.75; light, good and choice, tl2 75l.'i.,ri0; common and medium 18 258)12.50! hutcher cattle, heifers, 7 73 010; cows, t7.7r,'lt.60. canners and cut ters. t5.7.'i'7.30, al chI-s. Ilglu and handy weight. tl3Pl,50 feeder steors JS.50'nl2, stocker steers, JKS'IO 30. SHEEP Receipts. 1100 head'. .Steady Ijimha, JI7.73M21; culls and common, ,13 yil2.70, yearllne wethers, tl I fiOAMP.au ewes, medium and choice. J9.50Bli3.25 Lulls and common, t.l&O. l',at HufTalo. N. Y.. Jan 29. CATTLE Receipts. 0OU head. Heavy, stronar Calves reolnts ;oo htBd Steady- 25 HOOH Receipts, 2000 head. Twenty. H a to 30c lower. lleay JlHia'lU.SOumlied Il0.50tpl,75: orkers. llcht yorkers and lilcs. tie.78ariT: rouKhs, tl4.50&l(.7&: Ktucs. tt0W12. 8HEKP AND LAMRS Rwielpte. head bteady, unchanxed 1200 Kansua City. Mo.. Jan 20 HOOg Re ceipts. 7000 head. Lower liulk. 114 .toff ,13: heuMes. tU,50tri4 75! mediums. tM.AO 'lUin! lights. tl.40(rD15. nacktn ,, tl.50i14.25: Pigs. 13.M'a'i.-,.03. CATTLU- Receipts. 4500 head. Weak. Heavy beef steers, choice and prime, $15 23 Gl'JODO; medium and good, f 11,23 St lS.'.'Si common, HO 50WU.23; light weight, good and choice. IllOlSs common opd medium, tti.23rll: butcher cattle, heifers; ITOlS 50: cows, ttL7501S; canners and cutters, ts.23 WT veal cahea. tU9!7; feeder "Jeers. 18,23 Rock Island, Arkansas &, Louisiana Railroad Co. First Mortgage Guaranteed 4V2 Gold Bond? DUE MARCH I, 1934 Payment of Principal and Interest Guaranteed by Chicago, Rock Island & Pacific Railway Co. A guaranteed absolute First Mortgage on an important part of the great "Rock Island" System, forming its southern extension in the States of Arkansas and Louisiana toward New Orleans and other Gulf ports. These bonds in normal times sold above 90, and we believe that only unusual investment conditions make possible the present quotation on the New York Stock Exchange of between 62 and 63. Payable in 14 years at the full face value of $1000 per bond, the present price of say $625 (62;) would show an average income to maturity of 9.30 Per Annum Your Orders Solicited CARSTAIRS 8c CO. Members Philadelphia and New York Stock Exchanges 1419 Walnut Street Philadelphia 7X Broadway, N. Y. SMim I I I - i i 'i m 1 May '57 IV13; ktocuen Hetro. Oi0t r t- $ ? fli-iM" ' '-H' 'A ft- s- 19, n tNl 3000 37