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EVENING PUBLIC LEDGER-PHIXIAODEIiPHIA, FRIDAY, FEBRUARY 13, 1920
Gov.
URGES KANSAS PLAN
Allen Believes Nation Could
....i.lt Unrest by Ualnrj Idea
rhlcaxo, Feb. 13. Declaring lUo. rc
.. formed Kansns Court of Indus
fill ndatlbns to be a lone strldo toward
tr ".fin rtf the country's industrial tin
M,?lIb?nV, Governor Henry J. Allen,
rt.sy.n addressing the Chicago Dar
.' button "ast night, said ho bclibvcd
A"
"the thing done in ICannas could bo done
in the nation at large."
"Tho Kansas court," said the gov
ernor, "is founded upon tho principle
that government should havo tho same
powe to protect society against the
ruthless offenses of an industrial strife
that it has always had to protect against
recognized crime."
Governor Allen outlined the work
ings of tho tribunal, which he said was
vested with power to detcrmino all in
dustrial controversies which might
"threaten to hinder, delay or suspend
tho operation" of nuch industries as
those affecting food, fuel, clothing and
transportation.
Kadlcal union leaders, realizing that
Philadelphia Markets
PROVISIONS
The market was quiet And prices of lard
were a shade easier. Quotation: Beef. In
imuiLui uu.uii '"" "".iufc julMsets. amoked and a r-dr ed. Slci beef knuc
the success of tho court would reduce i,i. . ,.i... .mi.Ji ..i i. a,ia Mr
n, 1 -....,,. r H,le lnh ,1.A..".5 i .w sn tenders, smoked and nlr-drled. B2c.
the law and declared it should be Ig.
norcd, the governor Bald, but he be
iteved It wouia be wcicomea Dy an son
est, thinking working pcoplo.
NEW ISSUE
$2,500,000
American Hominy Company
, First Mortgage 1 Serial Gold Bonds
Dated Jaanary 1, 'i920. Due Serially, January 1, 1833, to January 1, 1929, inclusive.
Redeemable At the option of the Company, as a whole or in part, on any interest
date upon 30 days' published notice, at 100 and accrued interest, plus a
. premium of one-half of(one per cent, for each year or fraction
thereof of unexpired time, no redemption price to be
less than 101. Interest payable without de
duction for Federal income taxes now or
1 hereafter deductible at the source,
not in excess of 2.
Information eat forth in a letter from Mr. If. Bate, Jr., President of the Company, hoe been
ttantnarUed by him ae follow .
The American Hominy Company is the largest manufacturer in the United
States of white corn food products, hominy, grits, corn meal, corn flour, and
corn, oil, and also a very large manufacturer of rolled oats, oat products andT
mixed feeds. The business has been in successful operation since 1902.
These bonds will be secured by closed first mortgage on all the land, buildings,
machinery and equipment of the Company, valued at $5,261,772. These properties
consist of manufacturing plants at Indianapolis, Tcrre Haute, Mount Vernon and
Greentown, Indiana; Decatur, Illinois, and Davenport and Keokuk, Iowa; (a por
tion of the plant at Greentown, Indiana, being held under lease) ; also grain
elevators at 23 points in Illinois and Indiana.
The Company's financial statement of June 30, 1919, but adjusted to show
the proceeds of the present financing, shows current assets of $3,296,860, and
total assets of $8,318,088, with no debt except these bonds and $364,500 bonds
of the issue of 1902, now called for payment, and for the payment of which
funds will be deposited coincident with this issue.
Net profits after liberal charges for depreciation, but before deduction of
taxes, for the three years ended June 30, 1919, averaged $1,149,000 per annum.
Net profits after taxes for the same period averaged $649,000 per annum. The
maximum interest requirement of this issue is.$T75,0OO per annum.
MATURITIES AND PRICES
$ 250,000 due Jafiuary 1, 192399.34 and intere.t yielding 7 K
250,000 due January 1, 192499.15 and interest .yielding 7J4$fc
250,000 due January 1, 192598.97 and interest yielding li
250,000 due, January 1, 192698.80 and interest yielding 7
250,000 due January 1, 192798.65 and interest yielding 7
250,000 due January 1, 192898.50 and interest yielding 7
1,000,000 due January 1, 192998.37 and interest yielding 7
(Whan, ai and if iisuad and received)
All legal detail to be subject to approval ef ceumtl.
While not EUtLranleed, the Information contained herein 1 considered reliable.
pork, family. B2cl hams, H, P. cured, loose,
2729c! do, skinned, loose, 28V4 OSSUcl do,
do, smoked, 2n427'4c: hams, boiled, bone
less. 39c: nlcnlc shoulders, H. P. cured, loose,
23c; breakfast bacon, 32c; lard, 20c,
DAIRY PRObUCTS
CUKUSi: Trade was quiet and the mar
ket was barely steady. Quotations: New
iorK, wnoie-miik nats, neia, rancy, iiiiji
rancy held specials higher: held . lair 10 kooq,
SiiWSOVio: current'mako nominal; Wisconsin,
whole-milk nats, held, fancy. 81 (?32c: fancy
held specials hlghcrf held, fair to flood, 30
M"ic: Jobbing- sales of fancy held Boods,
)!yaac
POULTRY
LIVE-Supplies ttero fairly liberal nnd
prices favored buyers under a Hint de
mand. Wo auoto tho following prices: Fowls,
fine, fat, welKhlnu r. lbs. and over apl,',
42fH4c: fowls, medium sire, (food quality.
asffltOc; do. roor. 3n03Rc: broiling: chickens,
fancy, enft-meaUd, weighing- 1V4 W2 lbs.
apiece BOifSolSc: sprlnK chickens, average
soft-meated, 40W42c; do. Inferior, ?-'JJ3Sci
siKBKy. i;ttc: flUCKS, wnne i-ewui, ..v-i.-...
inaian nunner. fliiKP.-c; uo. mumy.
aOc; ireese. fat. 2f845o: do. average, SO
a! ill.).., r.ft fir.rt. mlennn. old. ner
pair, 55c; do, younp:..per pair, 4rr0c.
FRE8H FRUITS
Choice otock met with fair sale and values
Kenerally wero steadily maintained as fol
lows: Apples, per nl,, as 10 quftiuy. fiw
do. per box. fl.C09a.SO. Cranberries per
bbl., 8(rt; do. per crate , l.fior2.7ri.
Oranires. riorlda. per box, f2.8(l 3.1. Tan
gerines, i inriaa, per 's-dox, n.i'uu. wi
frult. riorlda. per box, fl.r.nian.no. Straw
berries, riorlda, per quart, 35oC.
VEGETABLES
Trfde was quiet, but the market ruled
steady on choice stock of most descriptions.
Quotations- White potatoes, Pennsylvania,
per cwt.. f3.t)0 4,2.1. Sweet potatoes, south
ern, per hamper $l2.afti do, Jersey. pr
basket, tl ooai.Tfi. Cahbaste, New York.
Danish. per tort. JfiOKRO:, do, lorlda, per
hamper. fl.7n2. nnlnns, per 100-lb. sacks
Yellow. No. 1, ir.gS.B0.
LONDON STOCK MARKET
ft
George H. Burr & Co.
Investment Securities
421 Chestnut Street
Philadelphia ,
ork L'liicaco St. TiOuls .Hartford brattle
Cleveland fan Francisco rittsburjh
Halsey, Stuart & Co.
IncorporaleU (successors to
N. W. Halsey & Co., Chica8o
Land Title Building, Philadelphia
('hicaro New York Itoston bt. IuU
Detroit Minneapolis Mlluaukee
Trade of YVeek-End Character Oil
Group Lower
London, I'ob. la. Oilt-odFtn invest
ment iRMies lacitrd steadiness oi tfic
stock exchange today, owing to tiKlit
ne.ss in money, pending the redemption
o exchequer bonds next veek. The oil
group also made n poor showing nnd
wan lower. Shell Transport was 12r;s
and Mexican Kaglcs 10.
Industrial shares were rhecrful, but
there was some profit-taking In rub
bers.
fiencrally. the markets were quiet,
with trading of n week-end character.
LOCAL MINING STOCKS
TONOPAH STOCKS
nld Ask
Cash liny U7 .(II
Jim Duller -:! .2.1
MacNamara ri .e,ri
illdway 12 1.1
.Mizpan uxt ti, in
Montana 10 .13
North Star OS .10
rtcscuo Uula .-. . .23 .2.1
Tonopsh Kxt 2'i 2?
West End l's -
West Tonopah 10 .12
DIVID12. STOCKS.
Allied Divide .". . .02,
Alto Divide flf
lielcher 11
Itch Hur 03
Hroueh Divide' 20
Dlvido Ext 70'
Divide Byndlcato 02
Dlvldn Coils 03
Dividend 12
Kaet Divide tf.1
Hasbrouck Divide 02
ItlKh Dlvido 02
llevert DIMdc 1.1
Heno Divide :02
Rosotta 03
Silver KIiir 03
Tenonah Dhldo 2':
Tonopah Hasbrouck 12
Victory Divide 12
Verde Dlvido i 12
Zono 20
GOLDI'IUI-D STOCKS
Atlanta 02
IJlae Dull 01
Jtooth 04
C O D 02
Combination Traction 03
Crackerjack nil
Dtarnoudnd II 11 01
Daisy 01
Florence .2.1
Goldfleld Cons 12
Ooldflold Mereer , 0J
Goldfleld Dev 12
Great liend 02
Jumbo Uxt oil
Kewanas 02
I-ono Star 03
Oro 01
Red Hills 0.1
fellver Pick oil
Spearhead 01
MISCELLANEOUS
1.70
The Price
History of
Every Stock
traded in the New York
Curb and in Boston, San
Francisco, Salt Lake and
other exchanges is given
in the January issue of our
Tree Broker's
Hand Book
Just out high and
low prices for last month
and entire years of 1919
and 1918, par, capital, divi
dend rates of more than
800 securities. An invalu
able guide for those who
are planning to take ad
vantage of the present
technical position of the
Market. Edition limited.
Call, phone or write today
Ask for No. E. F.-G92
JONES & BAKER
SECimiTJES
Widcncr Cldg., Philadelphia
rkwci Ilell, Walnut 60G3
Keystone, Race 2290
Direct Private WVi r.t
Ofliccs in 8 Principal Cities
2,500,000,000 Francs
Belgian Government
5 Internal Premium Loan
THESE bonds arc payable by the Belgian Government in francs. .In
addition to the interest return and their redemption at a premium, they
offer the American investor the possibility of a substantial profit through an
appreciation in the value of the Belgian franc in the exchange market.
.01
.00
.10
.OS
!t!i
.(It
.0.1
.1.1
.0.1
.0.1
.o-i
.17
.01
.0
.0.1
25i
.1.1
.14
.1.1
.31
.01
.03
.00
.03
01
OS
02
.'l.l
.311
It
.01
.14.
.03
.OS
.04
04
.01
.0.1
.11
07
STEELT0N HOME GAS CO.
FIRST MTGE. 5 BONDS
Due July, 1925
An Underlying Closed Mortgage
! ' , . h
Vl3 ntAVViWSyJTft
iim-,miv .rMms avltxv
vmu"i-...iMui"i - -
i-r.mwa v.vr-
VlltV- i
liiiif
iW.Qr!CT.i!lfliy,!aR-
Ab
' k "
kl - ACM
'"V"'"
;ov'-
18S0 1872
4th &. Chestnut Sts.
Resources $753,299
iayiir!t"SWv I
iZ. L'aSaL'
"',r
7th
"V??.
RC
o
19081920
N. W. Cor. Broad &. Chestnut Sts.
Resources $65,000,000
1
VER three-quarters of a century ago, in 1836,
the year in which the United States arranged to
liquidate its National Debt and divided its surplus
revenue among the various States, this Company
started business with a staff of 4 Employes and Resources
of $300,000. It now has a staff of 340 Employes and
Resources of more than $65,000,000; the result of the
constructive policy' of the management and of business
brought to it by reason of service rendered to its clients,
who have left in its carp over 230 additional millions held
by it in trust for them today.
GIRARD TRUST COMPANY
CAPITAL
AND
SURPLUS
t'0.000,000
Broad & ' Chestnut Sts.
Philadelphia, Pa.
EFFINGHAM B. MORRIS, Pretident.
MEMBER
FEDERAL
RESERVE
SYSTEM
Amparo ... .
Arizona United
KJr n
Mother I.ode
Kcvtula llllls
Nevada Hand
Promontarlo
Nevada Wonder
Tecopa Mlntn? .
White Cudh
.1.1
. . .r,.i
.02
.211
1'.
t7
... .10
.. .10
1.S0
.20
no
.04
Ua
1.1
15
Hip siecllon Home (,n Co.
Ins hern merged with the
Dunpliln Co. (i;is Cn. The
latter Is leaned until 2000 to
the llttrriftuurc im Co., In
which the
UNITED CAS IMPROVEMENT CO.
is largely interested
I'liin; to u;i.n
6.50
FREE OF PENNA. STATE TAX
flrscrfifii e f tivtrir on l!trut
PARSLYBROS.&CO.
BANKERS
1421 Chestnut Street
Philadelphia
mi:miii:k
I'hllnileliiliiii Mini. I..M hnnce
Coupon Bonds
in denomination
of 500 francs
Interest from May 15,
1 920, payable May j 5,
and November 1 5
Redeemable withrY)
75 years by annual
drawings at 1 50
(750 francs for each
500 franc Bond)
The Government has
the option of retiring
the entire issue after
May 15, 1940 at a
reduced premium
Drawings March i ,
1921, and
, annually thereafter
Premium and
interest payable with
out deduction for
any Belgian taxes,
present or future
Under provisions'of the Peace Treaty and
related agreements, the Belgian Govern
ment is to be relieved of practically its en
tire war debt incurred prior to the Armistice.
In addition, it is to receive the first 2,500,
000,000 francs of payments from the Ger
man reparation, to be applied in part toward
liquidation of advances made to Belgium
by Allied Governments since the Armistice.
The Peace Treaty indicates the purpose,
through reparation payments, to restore
Belgium to her pre-war financial, industrial,
and economic position. The diversified
Belgian industry is rapidly regaining its
normal production, which should enable
Belgium to resume her prominent place
in world trade.
Without attempting to predict the future
course of the market in Belgian exchange,
it is logical to expect that the restoration
of industry in Belgium and the increase in
its exports will tend to improve its trade
balance, and therefore its exchange position.
At the present rate of Belgian exchange
(February 11th, 13.50 to the dollar), a
500-franc bond would cost about $37.00
and with francs at the mint par of exchange,
5.188 francs to the dollar, a 500-franc
bond at par would be worth about $96.50.
GOVERNMENT BONDS
Did
Panama counon 2s. 103(1 loo
Panama recliterert 2.i. 1030.. .100
Panama coupon 2a, 193S 10O
Panama reiclstered 2s. 1H3&. . . .100
Panama coupon 3w. 1001 . . 88
Panama reulslered 3s, 10111 S8
Philippine 4a. 1H34 1)0
Philippine 4s. 11131 HO
Philippine 4s 111311 110
U S GOt COUllOn 3, 11130. ...lOllta
Asl;
101
101
101
101
1)1
01
n.i
H.1
n.i
lot
U S Oot reclatered 2s. 1030. . JOOVa 101
u s Oovt coupon 4a, 102.1... ion lor.a;
U M Oovt reentered 4a, 102.1.. 10D 100'i
Liverpool Cotton
Lherpool, Fob. 1.1. Spot eotlou ia!
quiet today, with price stonily on the
basis of an advance of -10 points for
middlins nt 20.0il. Tin- sales were
fiOOO bnles.. The receipts were ,'14,500
bales all American. Futures were
(ltiiet in the early dealings. Spot prices
were: American, middlinc fair. P.4.02il ;
Rood middling JU.nil; fully middling,
.10.ri2d: miildliiiK, 2fl.07l : loiv mid
ling, 2fi."7d ; good ordinary, 2.'.4'Jd. auil
ordinary, 2.2A2&.
DIVIDENDS DECLARED
American P.xpress Co quarter!" (it 11 .10,
ravnbl April 1 to stccU of recprd Feb
ruary 28.
United ClRar Slores Co of America, quar
terly of lt per cent on preferred, navnule
Mnrch 11 to otoclc of record Februsrv 27
National HiiKa.' Itefintncr Co. of New Jer
sey, quarterly of 1 per cent payable
April 1 to stock of record Mirch S
fanhattan Shirt Co quarterly of fcr
three and one-half cents on common, pa
able JIarili 1 to atocli of record February 21.
BAR SILVER
llai silver was quoted ut rWJ4il in the
London market toiltiv, a guilt of Hid.
I
CORPORATION
Income and Excess
Profits Tax Matters
Export piopar.ition
1919 Returns
Export Review
191719181919
Returns
Consultations
Conveniently arranged
Phono: Filbcit LM50
Benjamin Robin.
IFornifrlu wilh Hur Int. Iter
Consulting Accountant
219 North American Buildinj
I1VVII) l.lTvi.N. licklilrnl lljinisrr
;:fl3 im'i rtnttv istdj.
trash , It 'i" York If TV
Subscriptions will be received, subject to confirmation and allotment, on behalf
of our Brussels Office for the account of the Belgian Government, at any of our
offices," on and after February 13, 1920; books close in Belgium March 6, 1920.
Price, 499 francs per 500 franc bond
Subscribers tiuv nuke payment tn lull Jt rmir oi tubirnpiion or in mo instalments, it followi:
loo francs at time of subscription; jyy trjno on Mjy t, 19:0 I'jvments shall be nude to us
in Belgian francs. We are prepared to purchase Irsncs lor the ttibscnbet at current rate of exchange.
In order to simplify the collection ot coupojts ind princip.il, bunds nuy be held in custody at ourj
Brussels Ofiice, and the amounts collected uitr respeci to interest and principal remitted by check
to holder, or deposited to his' account A nominal charge will be made tor this s;r vice. Receipts
of Guaranty Trust Company of.Nci Vorl. will be delivered againi! pauticnt wnd bonds in tem
porary or permanent form im!I be de'nered if, hen, and as issued and received Irom our
KrusseN Office.
Guaranty Trust Company of New York
140 Broadway
I 1FT11 A KNUE OFFICE
F'lfth Avenue and 43rd Street
LONDON
LIVERPOOL.
MADISON AVENLC Ol'MCE
.Madison Aenue and 60th Street
PARIS HAVRE BRUSSELS
CLAYTON F. BANKS, Philadelphia Correspondent
121 Chestnut Street
We tie net guarantee the itatemeitn and figure prttirfd herein, but tnei re taken trim siureei zvhsch
ive believe tt be t curate.
THE BALDWIN
Locomotive Works
PHILADELPHIA
Steam, Electric and
Internal Combustion
LOCOMOTIVES
BOND SALESMEN
Stock Exchange lion-. can use
services of 2 real be 1 1 salesmen
for local territory; replies con
fidential. C 409, Ledger Office
Charles J. Webb & Co.
Woof
and Cotton Yarns
116 Chestnut St.. Philadelphia. Pa.
Stockwell, Wilson & Linvill
Certified Public Accountants
Land Tide Bldg., Philadelphia
WANTED
If sou are an pxputl' .iitI rHll?p that
you are handling too murh detail for tho
but Intercuts of the romiwns nnd need h
real assistant. I uoultl b" p'.useU to liae
an Interview, with sou. lx tlnff that my
qualifications v ll'l till ut t v AaiUble
'March I All replits ronliu. mini
C J II, Ledger OIHeo
NAGLE
STEEL COMPANY
STEEL PLATES AND HEETS
Pottslonn, Pa.
Phila. Oflice, 1411 Morris Building
.
POSITION WANTED
with firm having- agrlrullural holdlnis or
connections, by colltce eraduate. with prao
tlcat eiperlencs In farmlnt; HO oars oldi
formerly captain. Veterinary Corps. U, 8,
A. l'erspnal lntenlew desired.
C 317,Publlc Ledger
There are openings in
nearly nil branches for
skilled mechuhies. Steady
work; good wages; excel
lent working conditions. 'A
large number of the ways
are covered,
NEW YORK
SHIPBUILDING
CORPORATION
CAMDEN, N. J.
Apply at Employment Department
at the Yard
4T--,.
- Money Market Conditions
' ' W52-JsS.r-' .
fPv7s,S "!' suS8est l'ie wisdom of accumu
" kMM' Qft i 'ntmS cash reserves for the pay-
TftCAa J ment of INCOME TAXES and
rMri'M ?Ti?r' V .
',mr?,vs " ?
jSi m -
WB&
. A', , SES
the necessity for open lines of
bank credit for your future busi
ness needs.
We will allow special rates of
interest on Tax Reserve Funds
which can be gradually built up
7-" " to your requirements.
The Colonial Trust Company
Urmlicr Federal llenene System
13th and Market Streets
LIBERTY BONDS
Bought, Sold and Quoted
( all. Phour or ntc Liberty Bond Department
West & Co.
1417 CHESTNUT STHEET
Me rubor
Belt, bpruce 250 gJlT-XfiSnn'BSa, gSKS . rtuc. 2900
Alnny. lime un timid h I.l.t of llt(b UnJ UudJ
Correspuudeuca Inrltxl
Sinking Fund Preferred
Stock
Price to Yield 8.10
Company has no
bonded debt. Earn
ings several times divi
d c n d requirements.
About 7,000 retail
dealers under contract
assure broad distribu
tion for products, the
demand for which is
established. Company
is one of the best
known in this country
and is rapidly acquir
ing a world-wide repu
tation. LVnfe for Descriptive Circular
Hemphill, Noyes & Co.
Members ,Vcu Vork xtork Uroiang
Franklin Bk. Bldg., Philadelphia
New yor'r Hoitcn Kcranttn
High-Grade
Investment Securities
JosepKW.Gross a.Co.
1421 Chestnut St.
forrenpondenta
A Id red c& Company
AN ENGINEER
in, hu 1) years' txperleme tlnlnn
resenreli work, trltlnc report., tan
nine anil e.tlniatlnjr for n large putillo
ntllllj' rorpurattun lelre to rlianca
hU pn.llion tor one ivllli n ureater
.(uture, ' Collcca cruduale, ae 31,
V C 119, Ledger Ofllcc
Hmter fla 4 Hire. u. Bk. 1851
American (In a. l.lr,.. 6s. iOU
l.ureme Vo. (iu i r.lee. Sa. 1049
lnillsnuiala or. Trae. Sa IBS
PartUnd ll., I.t 4 yr, ft,. (942
I'eiin TaMIc Sertire U. 10
HENRY D. B0ENNING & CO.
HTOCIC liXCirANOK HUILDING
Dlreet PrlraU Telephone la New Terk
WANTIiri, bj old.e.tablUieil Hlork
lUrliunxe House, axperlxneeil clerk,
(ioud oppnrlunilr (or ailvanceiaenl.
All replies will be treated In itrlet
tonfliienra, lleply lo
I' XII, ledger Ofllif
Vhat Iwve you to offer a young
married man, ut present a traveling
accountant for the government, wha
dealrci a permanent location in Phil,
adelpliln. Public utility tweferrrl.
'v
J-XM
m
tf.ta
1
M
"O
jiifnuera ith;h
as
Hle.-W Kirlianae
J'AtWrc C 122, LI- 0i4 .
:Jau?"