J'V1 -M iA? K '"" "-W"-r V! a EVIJNINCf"lPUBLIC LEDGEllPfflEAt)ELP;ELW THURSDAY, FEBRUARY -0, X920 rji Philadelphia Gity ' Bonds Bought, Sold and Quoted BIDDLE &HENRY 104 Soulli Fifth Street l owrence E. Brown & Co. fPRTIFIED PUBLIC ACCOUNTANTS MATIONALTAXAUDIf BUREAU ' . A-. ..a.,4 fllklli AMVYtinlilllta Have Removed Their Offices to 708 Real Estate Trait Building rr.l.nl 388 R0 VULCAN DETINNING COMPANY heMiiren, N. J. n.,,ria of lo.lc In tho VULCAN DU ,I"JM iOMI'ANT who have not trans f)Mi timo to the r own names ufcoit 'Xl'iXs ot the Company, ana there IM H ,mi MPnpnr as stockholders of rec " ,?c iraueXl In their own Interest to J!.niMi( nt once w Hi tho undersigned "m, respect "o a Special Meeting of the .r.lu,hiX to be held February 18 1920 K?S'h ttlCAN TJKT NNING COMPANY THE 'Uy chrlg A Outram. (Secretary. PUB liii..h.i1 FUND N'OTICR - tiik HflinKRS OF FIIINT FTRttF" STOCK AM) SECONIJ PHI!- irmtm stuck or SUPERIOk STEEL CORPORATION nTICl. H IIBICUBV UIVLN that In tho uniln 1'iind of Superior Steel Corporation. he folloVlns uma are applicable to the. iurAaaeof shares of Tlrst Preferred and EH Preferred Hlock of IhOj-Corporatlon- IB" SO" to the purchase of Flrst Preferred Stock. 18.1 00" to the purchase of Second Preferred Stotk n4 that Superior Steel Corporation will tu and apply suili funds on March 3, 1020 fi A puixhasc of rirst Preferred block and Second Preferred Stoe't. as provided In iiV. Certificate of Incorporation and tho BvUnr of the Corporation to such ex ,.ntB the funds In the Sinking Fund mav i.rmlt at the lowest pili.es at which Mich Ki m be offered for silo to th. Cor r Hon but at it jpr to not to exceed Onn Bed i nd rift.er, Dollars (Jin 00) per .hare and the amount of all unpaid and Icrrued dividends thereon Sealed offerings ptilnlv marked "Offer of Prferrrd Stock' are herebj Invited to bo mill lu th Superior Steel Corporation, at K, once of theP Transfer Agent, fin Hroad ,y NV lork Clt. on or before Februurv ,6Suchrfer- shall state th number of .hares for snlc and whether rirst or Sec. end Preferred and the price at which such Bares ar.- so offered ind shall be signed by ih bdders tl erenf SUPERIOR STEEL CORPORATION 11 COI.l'UFUA TUUST COMPANY. Its Transfer Agent 10J0 Dated S "rl Februa-v LONDON 8TOCK MARKET Trade Not Brisk Oil Section Flat. Gilt-Edged List Easier London, Teh. 0. Trailing in secur Itlcs on the stork exchTingo wits not brisk (odn.. The oil section was lint. Shell Transport oi 12 10-32 anil Mex ican PJnglc 11. (Jrnml Trunks were firnlel. Fiench loani licld well. Tho gilt-edged list was easier anil domestic description-!, were flabby.' NEW YORK COFFEE MARKET New Yorlit lVb. 5. The coffee fu tures market opened steady at unchanged pi ices to on ndvancc of 10 points, with transactions on the call limited. The early demand was attributed mostly to covciing of shorts. Ilight after the t all. prices woikcd upward. Mnich going to 1.1. 70c; May to 11.10c and Julj to 14.28c, just be fore midday, or 18 to ."0 points above initial figmes. There seemed to be a renewal of speculative demand, which offset the pressure from bearish sources, but traders were acting with caution, ow ing to unsettled conditions, and valued were very sensitive to orders cither waj. Yost. Today'a It 1)0 m. NEW YORK BOND SALES Summary of Individual Transactloat on New York Exchange PRESSURE ON OILS Am Agr & Chem 6s looo .... OS Am .Smelt & Itof Sa 1000 .... "3 Am Tel & T cv 44s 1000 .... S4Va Am Tel 4c Tel 5s 1000 .... 81)4 0000 .... 81 1000 .... 81 Am Tel & Tel 8s 1000 ... 08i S000 .... 08 1000 .... 0 Am W Pnppr Co 7s 1000 . .. 70 Anglo-French B Cs March . .May .luly September Bid. Close n maun 18 R4M8C 14 or. 00 13 D00l open 13 40 13 82 14 10 14 00 13 on 14 IT Georgia Ry. & Power' 2'2-Yr. 7 Notes "rirfuHr upon rmucfcl Edward B.Smith &Co. CSTaiLiaHID Ul ii rn ana exiLaaiLPMia tock ucKaagii rHILKDELPHia itt CHeaTMUT ar. aw to aaaro tm losdoii ananroai Ifnlteil das Improvement Company Us, 1021 Penn-Mnrj steel Compunv 1st fin. 1930 llcorcln Rnilunr & Power Company As. 10M lone & l.niiKiilln Steel Company rs, 1010 Peoplea Pasftencer Hellutiy Co. 4, 104 1 llnrnood Mectr n Company 1st fts. 1039 mtllrr ta l'nrl Collat. Trust Us, 19.J0 A iterloo. C'ednr Palls 4 irthern Bs. 1B40 Mobster Co"l V Coke Compnnv 1st fis. 1912 Ft. nne & Wnh.tsh Blley Trnc. Ss. 1914 Philadelphia Fleclrlc Companj 6. 1922 Members Phil 'drlnlili stock Ficlnnue Samuel K. Phillips & Co. in riTM t T Price, Guard & Co. ANNOUNCE THE r OPENING OF OFFICES 430-432 Widener Bldg. FOR THE TRANSACTION OF A GENERAL BROKERAGE BUSINESS STpCKS-BONDS Direct Privato Wiros to All Markets S. E. PRICE P. E. GUARD Each Sale zvas $13,000 "There is something unique in a cam paign that sold a $13,000 product with a limited sale to multimillionaires." ami and address upon ttqmst 50 u Roru the editor of a business magazine to us, burning for details of one of the gieatest selling stories of the )ear. Each man tlwt bought this $13,000 product bought on aolder v.e urote and xihich influenced the sale ni mail. No uonder the ediloi said it uas ' "One of the best pieces of cop) I liaie lead for a long time" Our stRviCEi are aiailable similarly to business houses needing them. THE DANDO COMPANY rtlRSlSIIIM, A SPKCIALIZbn ADVrRTlSING SELLING SERVICE TO MMJ ACTURCRS WHOLES LI RS, JOBBERS AND RETAILERS 533 NORTH ELEVENTH STREET, PHILADELPHIA ' Knoalidtc" tells how to sell. May we send ou a copy? 3000 . . 5000 24000 IbOOO , 10000 4000 200000 40000 3000 3000 . , 26000 2000 100000 . 1000 .. 20000 .., 50000 . S000 . 90000 . 20000 . 6000 . 20000 . 2000 . 15000 2000 .. 102000 1000 . . 1S000 . 7000 .. 4000 . 17000 ... 2000 . 07000' 2&000 . 9000 . 71000 .. 1000 . 2000 . 8000 .. 24000 . . 3000 . 4000 . 21000 3000 . . 5000 1000 . rmour & 1000 Atcli T & 2000 . 2000 . All Coast Line ott 5000 . .88Vz All Coast Line. 4s 7000 . 70 Vk Atl C ast Line 4 Vis 10v0 73 Baltimore & Ohio cv ! 3000 . 01 1000 . . oo I toooo . . . oo1! I 10000 . 0 Ji 3000 .. BO' J Baltimore A. O .1148 iiooo .. . 79V4 I 2000 ... 70 I Baltimore & Ohio 4b 1 1000 .... 63 i lialtlmoro &- Ohio 5s 1000 01 1 Baltimore &. Ohio Gs 10000 .,.. 83 J 5000 . . 8214 .1000 ... Bi'h 5000 . 83U 13000 . . . 81 2000 8314 Bait iOP&LB & W Va Sys 5s 5000 . . . 5". 5000 . 54 B & O So West 3H 1000 09 " 1000 .... C97 10000 ... 70 5000 . . . 70 23000 . 70,i 10000 . 70 Brk Union Ele 1st i ' 5000 . . .". I Bush Tcr Bide 1st 2000 .. 71 Cent Leather Co us . 95 . 95 . 95 . 95 . 04 15 05 . 044 94. . 41i . 95 . 04)i 944 . 04 . 9tV4 ,. 94 . 94V4 94 . 94 OiU 94 94 94, 91 U 91 94 . 94 94 94 . 94 04 . 04ft 94 91 01 94 1 04 I 01 1 . 94 94 1 01 . 94 91 . 94 . 94 Co 4 Via . 83 Vi S Fe 4s 76 0 City of Tokio B Cs 13000 .... 58 13000 .... M 1000 .... 67i 2000 .... 57 4000 .... 57 C C C & Ht L gin la 1000 .... 64 Colo Indust Co Ss 1000 .... 73,. Consol Gas Wl 7s 2000 5000 10000 10000 4000 loooo 10000 11000 40000 000 00" 00 00 09 00 ' 99 L 00 00 .09 00 Copenhagen SVb 5000 .... 80 Den & Klo Grand 4s 5000 .... 02 Detroit Tunnel 4',Js 2000 , 70 Detroit U Bys 4s 1000 . . . 67 1000 .... 07 Doni of Can 5s '21 1000 . 07 5000 ... 97 10000 . . 97 Dom of Canada '26 2000 . . 03 3000 .... 03 1000 .... 03 Dom of Canada '29 1000 .... 04 7000 . . . 83 3000 91 2000 .... 03 Dem of Canada 'Jl 1000 .... 01 1000 ,... 91 oooo . . 01 SO0O . 91 10000 . 91 Erie K R Genl Lien 12000 ... 40 Erie llall Bd Co 4s 2000 Hudson 1000 5000 . Hudson 2000 .-non cooo ooo 40-Jl Man fd . 5594 . 55y, Man in 15 . 14 i. 14 14 Illinois Central fd 5000 .... 71 2000 71 Illinois Central 5 1000 01 1000 .... OlTiu ImD Jap Govt 1st :ooo 1000 4000 2000 1000 10000 20000 2000 1000 09 09 60 70 69 69 4 00 70 ODJ'l 951,4 .. 05 . . 95 Pacific 1st 1812 THE 1920 Pennsylvania Company for Insurances on Livca and Granting Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus - $7,000,000 Member Federal Reserve System BnOI blBECC OFFICE Chestnut and Juniper btreeU 517 Chestnut Street Philadelphia UNITEDSTATESGOVERNMENT LIBERTY LOAN SECURITIES $50, $100, $500, $1000 Denominations BOUGHT AND SOLD FOR CASH FULL INFORMATION REGARDING TAX FEA TURES OF ALL LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST. MONTGOMERY & CO. CHICAGO NEW YORK 133 S. 4TH ST. PHILADELPHIA TBl.EPnO.NK8 1 BELT.. LOMnAlID 4320) KETHONE, MAIN 1114 GOVKBNMENT SECUlllrlEB DEPABTMENT CHARTERED I83Q GIRARD TRUST COMPANY BROAD and CHESTNUT STS. CAPITAL AND SURPLUS, $10,000,000 Icti as Executor, Trustee, Guardian and Administrator Interest Allowed on Deposits Member of Federal Reservo System E. B. MORRIS, President tooo 1000 1000 Central I 1000 . 7J 6000 . . 72 , 1000 . , . l C R & B C of Ga 6s 1000 .... 81 Ches & Ohio lUy cv 10000 .... 77 Chca & Ohio 4s 5000 . . . 74 5000 . 74 I 2000 . 74 I 1000 74 . 3000 .. 71 I Clics & Ohio cv ls I 2000 . .. 72 1000 . . 73 1000 . . 72 I CIicb X. Ohio CV 6s 1000 .... 77 9000 .... 77 3000 .... 77 7000 .... 77 Chi B &. Qutncy em 2000 72 Chi B & Qulncy is 2000 93 Chi & Q Western 4s 2000 ... 54 Chi M &. St' P 4s 1000 .... 0d Chi M & St P D 4s 1000 .... 38 Cr' M&JJt Pov a 4000 .... 07 6000 .. 67 1000 . 67 10000 . 67 C M & St P fd 4s 1000 . . 57 CMiStPpn 4s 2000 .. 75 1000 76 1000 . 75 1000 .. 76 Chi M & St P ov 5s 1000 ... 87 Chi & N West 3s 4000 ... 63 C i N W lis of '87 4000 .. . 06 Chi & N West trm 5000 . . 76 Chi & N West 6s '87 1000 .... 05 1000 . . US Chi R I & Pac fd 2000 .... 64 100O 64 2000 63 1000 63 Chile Copper 6s 12000 .... 70 2000 . ' 70 17000 ... 70 5000 .... 78 Chile Copper 7s 2000 ....103 2000 . .102 8000 ...102 C Gov Hu.K Rly Ss 1000 .... 45 t 111 O Hu-Kff Ry 31 2000 ... 91 I'lty of Bordeaux 6s 3000 .... 00 City of Lyons B 6s 3000 . .. 00 1000 .. . 00 2000 .... 00 7000 .... 00 C of Marseilles 6a 2000 .... 90 .1000 .... 00 6000 .. , 00 Cof N Y 4Usof 64 6000 .. 93 C of N V 4Js '67 1000 . . 08 City of Paris B 6b 10000 ., . 89 10000 , . 80 2000 .... 80 200 0,... 80 10000 ,,.. 88 1000 .... 80 Imp Jap Govt 2nd 2000 .... 68 2000 .... 68 10000 ... 68 17000 68 0000 .... 67 BOOO .... 68 2000 . . 60 10000 68 2000 .... 68 7000 . .. 08 20000 ... 68 23000 .... 6B Imp Jap Govt 4s 2000 ... 67 3000 51 10000 . . . 55 5000 ... 57 10000 . . 56 3000 57 10000 . .. 55 2000 57 2000 .... 57 1000 .... 67 2000 . . . 354a 5000 .... 57 2000 . . 57 3000 . . 57 3000 . 57 3000 . . 57 In Merchant M 6s 2000 . . 01 In & Gt Xo R 4 '4s 2000 ... 52 Inter Met Co 4s 8000 .... 16 2000 . . 16 13001) . 10 Inter Rap Trans fd 1000 ... 50 10000 .... 10 10000 . . 10 10000 .... 50 2000 . 40 2000 .... 49 10000 .. 40 K CPU M Ry 5s 2000 .... 63 moo . . 03 ,"i St P t K C a L 4s 3000 ... 62 Kair City &. So 3s 1000 ... 02 Kan City & S Ity Cs 1000 ... 60 2000 .... 60 Keokuk & Des Mo R R 6s 6000 .. 70 Kan C Term Rly 4s 6000 .... 69 1000 ... 70 Lack Seel Co of '5u 15000 .... 00 Lack Steel Corp 23 2000 68 I, S & M 4s of 31 15000 .. 01 L S & Mich S 3 lis 10000 ... 81 10000 .. 81 LehlKh Val R Co 6s 1000 . . . 00 18000 .. 00 Lex & East Cs 5000 .. . 81 Louis & Xash Gold 000 . . . H7 1000 .. . 17 Louis & Nash SI 3s 4000 .... 50 L&NRRASRy Monon 4b 2000 .... 83 Mid Steel & Ord 6s 2000 .... 83 Minn & St L RR 4s 1000 -. ... 38 Minn St P & Sault St Maris Ry 4s 8000 . . . 79 Mo Kan & Texas 2d 2000 ... 28 Mo Kan & Texas 4s 1000 , 5U Mo KClty & TIM 2000 . .. 24 Missouri Pao gm 4s 1000 ... 55 4000 . . 52 4000 . . 64 6000 .... 65 Missouri Paciflo 5s 10000 . . 80 Mor & Esx RR 3s 2000 .... 70 New Orleans Texas & Max Rly 6s 6000 . . 50 N V A Brake Co 6s 2000 08 2000 . . 08 1000 U"i N T C & II R R 43 4000 .. . 76 N YC4 lin R4 6000 .. 76 N V C & H R R s 5000 .... 91 1000 .... 01 N Y Cent L S 3 Vis 1000 .. 50 N Y la II & P Co 4s 500U 6.1 8000 . . 68 .V Y N JI & Halt 6s 1000 . 60 2000 , 00 N Y Railways Bu H00 .,,. 1 NTS Railways 4 1000 .... 51 NY Telephones 4 2000 .... 70 N Y Telephones Cs 1000 .... 93 N Y W C & B 4 Vis 2000 .... 36 3000 ... 86 2000 .... 36 Norf & West cv 6s 1000 ..,.102 1000 , ..101 Norfolk &. W cv 6s 1000 ....102 .1000 .,..102 10000 ,..,101 Northern Pacific 3s 1000 . .... 52 Nortlvrn Pacific 4s 1000 ... 74 N Mates Pow Co 5s 1000 . 82 Oreeon rihort I. 4s 10000 . . R0V, Orejton short t. 6s 6000 . 02 Pao ( & EtvO 5s 3000 . 80 Pcnn RR 4Hh of 21 1000 . ,. 97 Penna RR em 4s 10000 79, 4000 70 5000 , . 80 1000 79 Pensy!ania RR 53 5000 . . 88 1000 88 6000 88 1000 h8 6000 J8 Pere Marquette 5s 1000 85 1000 . R5 2000 83 P S Corp of N J 6s 3000 61 Reading It R Co Is ,2000 701 ' 1000 ;n 18000 79 1000 70 Rep of Cu ,, igp4 1000 . 86 R 1 ArU it I.o i'3a 2000 61" 2000 01 5000 , 111 2000 . 50 San An & Aransas Pass Ry 4s . 2000 .. 57 Seaboard Air L a! 12000 -oo Seaboard Air L fd 1000 .. 45 2000 41 3000 . 44 1000 .. J4'. SSouthern Pacific fd 6000 . 76 1000 i 76 4000 7Vi Southern Pacific 4s 1000 . . . 60 Southern Pac cv 4s 10000 , . 78 1000 . 78 2000 78 1000 . . 77 Southern Pac cv 6s ?t L & S West lBtJ 1000 .... 62 10000 .... 01 Ter R A of St h 4s 6000 .... 68 Texan Co 6s 2000 ....101 1000 ....102 Texas & Eastern 6s 4000 .... 84 Texas & Pac Ry 1st ioooo .... 83 Third Ave R R aj 1000 . . 7s 3000 .. , 27 1000 .... 27 Union Pac R R fd 1000 .... 73 Union Pac R R 4s 6000 ... 82 1000 81 4000 . R3V 1000 . . 82 Union Pac R It Cs 1000 .. .101 1000 .,100 1000 . ..101 UKofOlUI '21 FEATURE OF CURB Stocks Offered in Large Volume and Sustain Further Severe Losses JW NEW ISSUE INDUSTRIAL GROUP HEAVY 10000 1000 1000 18000 1000 8000 2000 16000 1000 u k of a 22 rets of 1000 . . 3000 ... 50000 . . . 60000 . .. 1000 . .. 2000 . . . U K Of G rets of '2 10000 .. . 3000 . . 16000 . . 1000 . . 12000 .... 6000 U K of G B & 1 '37 03 03 03 03 03 ' 93 93 93 9J B A. 03 93 93 92 92 92 B & I 02 92 92 92 92 02 4000 20000 20000 10000 25000 5000 10000 ..100 . 100 09 .100 .100 00 99 Southern Pacific T 2000 .... 100 Southern Rallys 4s 6000 .... 57 2000 57 2000 . 57 1000 .-,: 1000 ... 72 Southern Rallys 5s 4000 . 84 7000 . 84 -'000 . 84 2000 . M St L Iron Mt & S R i G DIv 4s ' 2000 . .. 67 2000 67 St L & San Fran aj 8000 . 58 3000 58 2000 . 38 2000 58 St L & San Tran in 3000 .. 11 7000 41 8000 41 6000 11 3000 . 10 5000 . 41 St L i &an Tran A 25000 56 3000 . 61, 6000 56 1000 56 27000 56 28000 , 50 5000 51 5000 .i0 St I. & San I'ran B 1000 06 3000 1000 6000 20000 25000 10000 2000 2000 2000 26000 3000 2000 1000O 10000 1000 3000 1000 1000 1000 6000 ioooo 6000 26000 0000 3000 10000 6000 86 80 86 86 86 86 86 86 86 86 86 86 86 86 86 86 86 86 , 86 86 . 86 . 86 . 86 . 86 . 86 . 85 85 New York, Feb. f. Pronotinicd weakness prevailed In the Broad street rurb attain this mornlnc, especially in the petroleum Issues, which were pressed on the market in large volume and sustained further sccre losses dur inir the fnrennnn. Oeneinl Asphalt after selling nt mot. .t.n..nA.1 Olt ntid lTnilntnn rahRPil fiom 07 to 02. The Homer field stocks wi'-p also offered in large blocks, some of them selling at new low records. White Oil dropping to as; Hiinms to 30. and fiillllnm! to 37. After those declines the market showed n better tone, Simms rallied to 41 Vj and similar rallies were noted In the other nethe issues. , , The industrial group moicd within a narrow range and also showed heavi ness. Oeneral Motors Rold from 31 to 30. and Indian Parking dropped to ltiVji Montgomery-Wnnl sold down to !KVi and Aetm Explosives was traded in nt S to 8'f. IMIUSTRIALS men low i.si 8H4 5S U S Real & Imp 6s 2000 .... 7S 5000..... 76 3000 76 3000 . . 76 U S Rubber Co 5s 1000 .... 85' 2000 85 0000 85 3000 . 85 10000 . . . 85 3000 .... K.' U S Rubber Co 7s 2000 102 2000 ....102 6000 ....102 2000 . .102 U S S M S. Ref Gs 0000 ....103 U S Steel Co 5s 1000 . . . 06 4000 .... 05 1000 .... 06 2000 . .. 06 1000 . 00 Utah P i. L Co 6s 1000 . .. 83 2000 . 83 Vlr Car & Chem 1st 1000 .... 03 1000 . 93 West raciHc RR 1st 1000 . .81 1000 . . 81 4000 . 81 8000 ... 81 2000 . 181 Wesern Union 4 "is 1000 .... 79V. Wilson Co 1st 2000 .... 07 Vi 2000 . .. 97 6000 .... D7 Wilson Co cv 10000 ... 02 6000 ... 92 High Low 1:15 Lib Bonds 3ijs ... 07.00 00.20 00 CO Lib Bonds 1st 4s. . . -01.00 00.04 00.04 Lib Bonds 2d 4s... 80.00 80.18 80.00 Lib Bonds 1st His. 01.34 01.10 01.20 Lib Bonds 2d 1Mb. S0.08 80.80 80.88 Lib Bonds 3d PIb. 03.04 02.80 02.00 Lib Bonds 4lh 44s. 00.00 80.00 80.00 Victorj Notes 3y,s. 07.84 07.70 07.84 Victory Notes P4s. 07.00 07.72 07.82 Mldvale's Profits Shrink As a result of operations in the quarter ended December 31. 1010, the Midvale Steel Company returned net profits, after charges and federal taxes, of $3,282,505, equivalent to SI .01 a share, SfiO pat , earned on the $2,000, 000 capital stock, which compares with $3,408,350, or $t.70 a share in the pre ceding quarter.'and $5,023,007, or $2.51 a shaie in the December, 1018, quarter. Net tarningj during the quarter were $5,054,080, a falling of $2,802,5S4 from the corresponding period of 1018. After interest charges of $770,182 and depreciation, etc., of $1,502,300, sur plus was $3,282,503, a decline of 31,. 741.402. Net earnings of thi company for the year ended December 31, last, as com piled from quarterly reports, were $10, 345,840, or $22,585,228 less thau in tbe preeedlng year. Bond interest amount cd to $3,141,500, and depreciation, etc., S5. 810.013, leaving net profits of $10, 387.418, equivalent to $5.10 a share, against $20,103,40S. or $14.58 a share earned in the year before. Cloverseed TolMo. O.. Feb B.Cloveraeed prime, caah. $86 56- February. 35 15, March. 134 65, April. $34 10. October $24 76 Alalke Prime, caah. $33 60, March, $35(10. Tim othy Prime, caah, 1017 and 1018 111 m). 110 S8 70, March, $0 80, April, $6 77, .May $0 77 Acme Coal Aetna KxplosUos American Marconi Am Safety Itaror . Columbia Emerald Farrell Coal Oeneral Asphalt Indian Parkins Mercer Motors Montfiromery-Ward Nor Am Pdner Perfection Tire rtadio Comoany !, standard Gas . 24J. ' Submarine Hoat . 13 U S Steam 34 United Itet Candy 144 United Profit Sharing 2a United net Prod . 14 V VUIadou Inc . 10 IMJUPKNTIENT OILS Allied Oil II Alliance . 10H Amal nosnlty . noone on . in lloston Wyomtne . 'i Carlh fyn .... 1R4 Cities Service 'B ctfs 39$ fosden & Co . . S' Dominion .. . . IV l)LqUfn 5 Elk Basin Pet . ..9 Federal Oil 3 Gllllland S8'4 Olenroolt Oil . Vk Cluffev Gillespie 30 Houston Oil . 07 . Hud.on Oil . t Int Petrol . . . 58 Inlnclbte . iw lalanl Oil iV TJvlnsaton . 1H Magma 6H Maracalbo . 204 Metropolitan Pet SS worm Amer on . . i Pcnnok Oil 7i Phillips Petroleum ... -36 Producer & Refiners . 8?i nyan Oil .Vi Halt ureeic I'roa .... o' Sequoyah Oil fr Slmms Petroleum 4tH Spencer Petroleum .. ..18 Texas Ranger 1J. Texas Co w 1 47W Tropical Oil IRVi nit Texas i Victoria OH new lVa White Eagle .... . 20$ Western States '4 $636,000 International Products Steamship Company Marine Equipment Trust 7 Gold Bonds Dated January I, 1920 MaturlnB S53.O0O semi-annually from January I. 1921. until July I, 1926, Inclusive. Unconditionally Guaranteed as to principal and interest by The International Products Company of Maryland Callable at 105 and interest upon any interest date COLUMBIA TRUST COMPANY, NEWUYORK, TRUSTEE Referring to this itsur of Marine Equipment Trust 7fe Gold Bonds, further information is given in a letter signed by Mr. Wilh-im M. Baldwin, Chairman of the Board of Directors of the International Products Company, which will be furnished on request. We beg to call attention to the following salient features of this issue: SECURITY: Thete bonds ore a direct firat lien on two new steel steamers to cost at least $1,020,000, toward the cost of which the International Products Steamahlp Company will make an initial cash payment of $384,000, or 37. EARNINGS: Net earnings of The International Products Company and its subsidiaries to the close of the year ending December 31, 1919, after reserve for depreciation and for all other interest charges, are estimated to amount to over TWENTY. TIMES the total interest requirements on these bonds. FREIGHT CHARGES: The saving in freight charges to the Company in carrying its products in its own steamers is calculated to be sufficient to cover the cost of operating the steamers and to earn sufficient in excess thereof to write off the full cost of the steamers in less than seven years. RETAIL SALES: All of the meats and edible meat products of the Company are sold through Armour & Company, Ltd., London. l BOARD OF DIRECTORS: The Board of Directors of The International Products Company are: 11J4 12. 16V .14 .11 30 3!H 12Vi 13H Wm. M. Baldwin, Chairman, Board of Directors. Pcrclval Farquhar, Vlce-Prealdant. C F. Suliberger, Vice-Prealdent, formerly a Senior Partner of Sulzberger, Son & Co. Joaenh E. Stevena. Treaaurer. George H. Olney, Secretary and Counael. Rodney D. Chlpp, Vice-President, Forbes-Perkins Company. Philip W. Henry. Vice-President, American Internat'l Corp. Minor C. Keith, Vice-President. United Fruit Co. Theodore N. Vail, Chairman, Board of Directors American Telephone A Telegraph Co. A. H. van Pelt, New York Manager, Armour to. George J.Daldwln, Vlce-Prealdent, American Internat'l Corp. Thomas W. Streeler, Vice-President, American International Edward J. Berwlnd, Prealdent, Herwlnd-wmte toal Mining to. .,..,."-""" All legal details in connection with this issue are subject to the approval of Messrs. Davies, Auer bach & Cornell, for the- Bankers, and of Mr. George H. Olney, for The International Products Company. We recommend these bonds for investment and offer the following maturities: $53,000 due January, 1921 $53,000 due January, 1923 553-552 3UC J,anuarW o- $53,000 duo July, 19t $53,000 due July, 1923 $53,000 due July, 192.1 $53,000 due January, 1922 $53,000 due January, 1921 553,000 due Jaary, 1926 $53,000 due July, 1922 $53,000 due July, 1924 $53,000 due July, 1926 PRICE 100 AND INTEREST, TO YIELD 7 FREEMAN & COMPANY jjL, EQUIPMENT BONDS v 34 PINE STREET, NEW YORK MEMBERS OF THE NEW YORK STOCK EXCHANGE We do not guarantee the Information contained in this circular, but have obtained It from official sources we believe to be reliable 40 18 4 MIMNG Alas-Hr Col ... U tlanta . . . . 2'4 131s Ledge 'A Booth ... . . 6 Boston H Mont . . . 70 Calort ?Itn . .. . 37 Canada Cop . , . . 1-flt Candelaria M Cons Vlrirlnla C'i Treason Gold 2 Crescent McNamara ... . Ity Fureka Croesus IK Fort-nlnth Mining Ity Goiaen Gate Exp 1H Gold Kewana ..... . . 3ti Gold Merger . . , . . . 4 Gold Sliver Pick h Great Tlend 2? Hecla Mining 4J Jumbo Extension ... 7 Louisiana Co ...... -" McNamara ... R, Marsh Mtn . 22 Afother Lode . . 50 Nlplsslng , . 11 Rex Cons . . 8 Rochester Mines . . 10 Rope Group . ty Silver King of Arizona S Silver Lead V Success Mining . . 0 Tonopah Belmont . 2s. lonnpah Cah Bov K Tonopah Dllde . 2 Tonopah Extension . J'i Tonopah Jim Butler . 23 Tonopah Mining . . . 28 Tonopah Montana 12 Tonopah Rescue Eula 2" U S Cont . 0 United Eastern 4 White Caps 1- White Caps Extension 2 Wllbcrt . 7 no.NDS Allied Packers Cs SOU A T & T s 10JJ . ORtS Belgian (la, 10J1 R Belgian 6s 1025 OB Swedish Govt fis . . 01 SnlbS BVis . . . ..87 & 23 SO'., nov, nsiS mty 87 MIA nut; ns. ne 01 87 Offerings of Sugar Quiet New Yorlt, Feb. 5. Offerings on the open sugar market continue ouict to- .day, most of the refiners being with drawn. The ntional Lo. continues to allot sugars on its previous days as thej arrive. The opinion generally held in the sugar trade, that the strike in Havana was not a very serious striice, is borne out by morning reports which show exports of sugar from Cuba for the previous w'eek at 104,545 tons. Of this amount 71,000 tons were to North of Hatterns ports ;rl the United States GOVERNMENT BONDS nid Panama coupon 2s. 19J1 100 Panama registered 2s 1036 loo Panama coupon 2s 1038 100 Panama registered 2' 133S 100 Panama coupon 3s 1B61 R8 Panama registered 3a 10M 88 Philippine 4s 1011 00 Philippine Is 10' n Philippine 4s tm 90 XJ S Got coupon 2s 1030 lfXH U S Govt reslatered 2a 1030 IO0U U S Govt coupon Is 1IJ 105" U S Go t registered 4, ll-il in-,? Dlsl of Columbia 3 CSa 1024 87 Freedom from Income Tax Worries F INDIVIDUALS who have put us in charge of their personal property can free themselves from worry over Income Tax Returns. We will assume that re sponsibility for them. UNDER a voluntary trust or an agency agreement we will care for as many of the details connected with the manage ment of your property as you choose. You can increase or decrease the amount of our responsibility or terminate the agreement whenever you wish. We invite you to consult our Trust Department Commercial Trust Company City Hall Square West Member Federal Reserve System "Tr- j.. 101 , ll, ' 101 101 no so 01 n 101 101 10UH ' lOfll, I I I New York Metal Market fr lork, Feb B Cottos Spot and Feb ruary offered 10c March and April, offered 101. c, Market quiet Lead Spot, 8 70 S R7Hc. February s Mm ( SH4c. March. S 0088 RRc Market quiet fnelter Fast St Louis Spo( and February, offered. . 7Jic. March April, May and Juno offered 8 0"it Market dull Liverpool Cotton Liverpool. Feb 5 Moic business was done tndaj in spot rnttnn, with prioes iteadv on the ba-i of nn ad vance of 10 points for middlijg, at 27.40d. The Kales were 0000 bales. The receipts were 58,000 boles, includ ing 55,300 bales American. Kutuns were quiet in the earlj dealings. Spot prices were: American, middling fair, 32.00d: good middling, 20.05d: fulh middling, 28.05d: middling, 27.40d ; low middling, 24 S5d . good ordinnry. 21 OOd. and ordinarj, 20,00d. EXECUTOR. TROSTKM C1IABTCREO 18S FIDELITY TRUST COMPANY Member Federal Reserve System Capital $5,000,000 Surplus $16,000,000 Main Office: 325.331 Chestnut St. 43-53 S. Fourth St. ADSUNISTBATOB ft ' Broad Street Office: N. E. Cor. of Broad and Chestnut Sts. GUARD IA. All France Is Your Security Throughout her history France has shown a marvel ous capacity for economic and industrial expansion. Thrift is a national trait, and to a people so consti tuted the payment of its financial obligations is a matter of paramount concern liven after the terrible disaster of 1870-71, when io the world France seemed definitely crushed, this wonderful country not only paid its war indemnities and obligations in one-quarter of the time demanded, but in forty years had become one of the richest na tions per capita on earth. Now France emerges a victor, her rich long-lost provinces restored. French Government war loans at present exchange rates offer speculative in ducements. Further particulars on request for Circular No. D-60 6.HANDLER& Company, jKCOKrOIIATC4 Franklin Bank Bldg. Philadelphia New York Baltimore New Haven Boston High Yield For "'oso who wish to invest consena- Convertible t'v'iy nnd at tho same timo in a way Bonds which svin enable I hem to take full advantages of fa vorable influences in tho Ktock mar ket , convertible bonds offer distinct advantages W a suggest, at a price to yield 71, a short t o r tn con vertlblo bonol of the i.'uba Cana bugar Corporation t h e largest bingle pro ducer of raw sugar in the world. sk for dcbcrlptive cirLUlar No 240, Bonbright & Company MORRP) WIHTAIt RTROUD. Jr. Manager 437 Chestnut St., Philadelphia Sew York Boston Chicago Detroit New York Stock Exchange Firm liavtiiK southern wire, seeks Philadelphia correspondent. Address Care J. L. S., Room 61, Six Wall St., New York. Portland Kr.. T.t. t. P. Be, 142 Amerliaii lias C. Sold Kenneeett Conner 7, 130 I iigel Sound Flee, Kwr. . 1031 llerrh Crrrk leal A Coke Sa, 1041 HENRY D. B0ENWHG & CO. STOCK CXCnANGE HUIUJINO Direr Print Telephone o New Tea UtoUMre rbJU. BUtk Kxchaae MANAGER WANTED To open Branch Office and sell securities of a high RTade financial cor poration. Must be experi enced in his line, Un limited future assured to right man. Address M. P. FRIES & CO., INC. 1639 Broadway, New Yrk m..; . i , "ry" ,f n '3ra m M R ?' ' Dh In. iru fat, jj A4..i. iatvi isfi &W
Significant historical Pennsylvania newspapers