umftmmtwwwnrT,v i ?. iPSSEMYBKURY, " 'i -.. it'--.-. w- - .-. iri.-iiifnrsi-3i lii VifiJDf JLN 1 JfU JtJ JbiU LilliJJWJjiK Jf JtLJbiL) J! NEW YORK BOND TRANSACTIONS r I Am I Am .. Aff.' "m.S ,gv - ... A1?..:" .... oott ".. nf 6b """ " attt i7UT.lCoclt 7n 78 18 !?.. V.1 Co 08 A""' Al " -I 80 Am..1;1 gn iMo ---sooo .... 92 ;ka .... U too JOUV too 00 4000 SOU yf paper Co 7s ..Ml OS A0.Fr.nchB6 s? iz 2000 1040 TSOOO 100O 160000. Ann 04tt 04 08 04 IS Oft ttxr It Co 4s 1000 . . . . 80Ti Argotlne Hepub Ea 1000 . ... ?tft Armour A Co Va SOOO M Atoh T & B F aj 0000 ..'.. B 44000 .... 00 1000 .... 00 1000 .... 08H 100O .... 08 1000 .... 07 Atch T & 8 Fo 48 1000 DODO 2000 SOOO 20OO 2000 13000 18 16 78 16 186 76W 71 AU Coaat Line olt 8000 ....'07 Atl Coast Ine 4s sooo .... 784 6000 .... 10 10000 .... 10 AU Coast Lino 48 aooo'.... 12 Bait A Ohio PliJB & W Va Sya in 2000 .... B4 Baltimore A Ohio ov 000 .... 61 SOOO .... 62 SOOO .... 61 3000 .... 61 Baltimore ft O 3"As SOOO .... 81 1000 .... 82 1000 .... 81 Baltimore A Ohio 4g 2000 .... 63 46000 .... 68 SOOO .... 68 Baltimore A Ohio Bs 15000 .... 83 8000 .... 62 2000 .... 63 1000 .... 63 3004) ..... 03 2000 .... 63 1000 .... 63 1000 .... 68 Baltimore & Ohio 6s 2000 .... 88 12000 .... H3V4 18000 .... sa SOOO .... B1H 8000 .... 88 2000 .... 88 3000 .... 118 20000 .... 88 Balto & O P & L. H A TV Va Bys 5s '2000 .... B4 20001..,. S4 Beth Steel Corp Id 3000 .... 82"i 3000 .... 88 1000 .... 83 Beth Steel C 5s '3C 4000 .... 83 1000 .... 83 Brook Rap Trans 7 1000 .... 43 Cent ot Otorgla 6s 1000 .... 80 Cent Leather Co 6s 1000 .... 04 Central Pacific 1st 8000 .... 10 SOOO .... 10 10000 .... 11 Ches A Ohio R 4Hs 1000 .... 14 1000 ..., 14 1000 .... 74 Ches A Ohio ev 4Hs 2000 1000 10000 1000 2000 3000 3000 78 73 73 78 73 73 78 Ches A Ohio cv Es 8000 .... 78 8000 .... 70 Chi B A Qutncy Em 1000 .... 78 1000 .... 77 Chi B A Qirincy 4s 404)0 .... 08 2000 .... 88 1000 .... 08 2000 03 SOOO .... D4 3000 .... 03 14000 .... 03 1400O .... 04 1000 .... 04 (15000 .... 04 1000 .... 04 2000 .... 08 1000 .... 93 Chi A Qrt West 4s 2000 .... B4 1000 .... 64 2004) .... 84 10000 .... B4 ChlM A Ht P 4s 25 1OT0O .... 74 Chi M A St P D 4a 2000 .....00 2000 .... SB 2000 .... 60 1000 ....,80 CM AStPov 4Us 1000 .... 08 4000 .... 60 2000 .... 60 2000 .... 70 CM AStPfd 4Vi8 16000 .... 68 10000 .... 88 6000 .... S8 Chi M A St P OV Es 1000 .... 70 Chicago A N W gtn 1000 .... 76 Chi R I A Pao fd 200O SOOO 2000 10000 SOOO 2S0O0 11000 1000 63 63 62 62 68 62 2 1000 .... 68 1000 . ... 63 2000 .... 63 1000 .... 63 4000 .... 63 Chi R I A Pao 4S 9000 .... 71 1000 .... 71 3000 .... 71 1000 .... 11 1000 .... 11 SOOO .... 11 Chi A W Ind RR 4a 1000 .... Sl C Gov Hu.K Ry Ea 1000 .... 42 Chile Coper Cb 20000 .... 13 SOOO .... 10 10000 .... 10 City ot Bordeaux Es 300O .... 90 The Intelligent Investment of Your Funds BY purchasing high-grade, dividend-paying Industrial Securities, you secure your full share in your companies' prosperity. New England the "Hub" of the nation's industries is now entering a period of even greater .expansion. Tnese industries offer you a choice selection of high-grade Pre ferred Stocks, yielding liberal returns. Write for our Booklet P. P. L.-201 "Safeguarding Your Investments" HollisteiWhite&Co. Boston North American Building PHILADELPHIA New York Springfield Providence 3000 . ... so Cof N Y 4tt og0 1000 .... oo City of Paris B 6s nooo ,,,, OOVi 2000 . ... 00 City ot Toklo B Ea 4000 .... 81 6000 .... 84 C C C Pt L gm 4s 1000 .... 08 1000 .... 6S 2000 .... 6S Colo A Southern 4 Mi 1000 .... 10 1000 .... 70 Con Qas Co 7s 10000 .... 09 1000 . ... 09 1000 .... 90 10000 .... 99 Den A R Grand fd 1000 .... 30 10000 .... 40 4000 .... 40 12000 .... 40 4000 .... 40 1000 .... 30 8000 ,. . . 88 SOOO . . . . 4 OH 10000 .... 40 Den A Rio Grand 4a 3000 ...a 60 1000 ....01 aooo .... si Den A R Grand iVt 1000 .... ASV4 4000 .... 83 Den A R Grande Es 1000 '. ... 66 1000 .... 66 1000 .... 8S Dom ot Canada '22 1000 .... 03 1000 .... 9t 3000 .... 03 8000 . .. 03 1000 . , . 93 1000 .... 08 3000 .... 03 Dom of Canada '31 1000 .... 91 .1000 .... 01 Brie R R Gen Lien 2000 .... 40 1000 .... 40 2000 .... 40 Erie R R Co 4s 1000 .... 60 2000 .... 50 4000 . . . 00V& 2000 .... 61 4000 . .. 80 0000 .... 83 Erie Rail Rd cv A 3000 .... 3ttt Erie Rail Rd cv D SOOO .... 80 General Elec Co Es 1000 .... 88 Havana Elec Ry Es 1000 .... 85 Hudson A Man fd 4000 .... 55 4000 .... 55 1000 .... 55 Hud A Manhat 4 s 2000 .... 68 Iowa Central 4s 2000 .... 40 1000 .... 40 Illinois Central fd 2000 .... 71 IU Central 4a of 'E2 1000 .... 69 Im Jap Govt 1st .100 .100 f lUU.fc City of Marselll'a CsNorf A West cv 6a 10000 t 2000 sooo No PAclflo Term 2000 .,..108 Northern Pacific 3a 1000 .,.. 81 0000 .... 51 5004) .... 51 H 8000 . .. . B2 Northern Paclflo 4a 10000 .... 13 8000 ..... 78 10000 .... 73 8000 ....,74 6000 .... 74 Oregon Eftiort L 4s 1000 .... 82 Oregon Short L Es 5000 .... 01 O-Wash R R Co A Navl Co 4a 1000 .... 67 PcnnaRR3Hs'41 1000 .... 60 Penna R R en 4V4s 2000 .... 00 Penna RR 4 Ha '21 1000 .... 07 Penna R R gm 4 2000 .... 80 Penna R R Co Es 2000 .... 80 2000 .... 89 6000 .... 80 Peo A East Rly In SOOO .... 24 1000 .... 25 1000 .... 28 Fere Marquette Es 3000 .... 84 Reading R R Co 4a 4000 . . . .' 70 3000 .... 79 2000 .... 79 1000 .... 79 1000 .... 70 Rep t A Steel Co Es 6000 .... 00 R Grand A W R 4a 2000 .... 00 R 1 Arh A Lo 4B 2000 .... 87 1000 , ... 87 600O , ... 81 Union Bag A P Es 1000 .... 00 Union Pacific RR fd 1000 '. ... IS 1000 .... 13 4000 .... 12 5000 .... 14 2000 .... 18 SOOO .... 18 Union Paclflo RR 4s 0060 .... 82 1000 .... 81 4000 .... 82 1000 .... 82 10000 .... 81 8000 .... 82 Union Paclflo RR 6s looo 1000 2000 3000 1000 16000 1000 .101 ..101 ..101 ..101 ..101 .100 .100 1000 1000 . 1000 sooo . 6000 . 6000 . 2000 . 1000 . Seaboard 8000 . 1000 . 500O . 1000 . Seaboard Air L 1000, ...A 46 Seaboard A L sta 4 s 1000 .... 5S Southern Bel Tel Ea 6000 .... 88 Southern Paclflo fd 60 4 ... 60 ,.. 60 ..61 ...62 ..62 ...03 ... 61 Air L a) ... 85 ... 35 ... 33 . .. 3S fd 2000 10000 2000 5000 2000 10000 5000 10000 2000 11 11 11 12 11 12 12 12 1i FREE OF PENNSYLVANIA STATE TAX EXEMPT FROM FEDERAL INCOME TAX LEGAL INVESTMENT FOR TRUST FUNDS IN PENNSYLVANIA Beaver . County, Pennsylvania Alzo Road Improvement Bonds Maturities of from 1923 to 1949 V FINANCIAL STATEMENT Assessed Valuation, 1919 $68,860,660 Total Bonded Debt ("including this issue) 1,373,000 The Debt is less than 2 of the Assessed Valuation Population (Census of 1900) 56,432 Population (Census of 1910 78,353 Present Population (Estimated) 100,000 Legality approved by Messrs. Townsend, Elliott & Munson, of Philadelphia. We offer these Bonds, subject to prior sale. Prices to yield 4.40 , , 6 Graham. Parsons & Co. 435 Chestnut Street W Philadelphia KM en OK TRUSTEE CHARTERED 1868 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. MIMIMSTRvfoK Broad Street Office: N. E. Cor. of Broad and Chestnut Sts. GUARDIAN UNITED STATES GOVERNMENT LIBERTY LOAN SECURITIES $50, $100, $500, $1000 Denominations BOUGHT AND SOLD FOR CASH FULL INFORMATION REQARDINQ TUX PEA.. TURES OF ALL LIBERTY LOAN SECURITIES WILL BE FURNISHED UPON REQUEST. MONTGOMERY & CO. CHICAGO TELEPHONES 133 S. 4TH ST. PHILADELPHIA NEW YORK INKS: BEIX, XAJVBAKO 4I8 KETHTOWE, U GOVERNMENT SECURITIES DEPABTMENT MAIN tUt 1812 1920 THE Pennsylvania Company for Insurances on Lives and Granting: Annuities TRUST AND SAFE DEPOSIT COMPANY Capital and Surplus - - - $7,000,000 """Mil hTlthET OITICB VUtktuut una Juniper Street Member Federal Reaerve System 517 Chestnut Street Philadelphia Imp Jap Govt 2nd 3000 .... 71 fiOOO .... 71 10000 .... 71 3000 72 2000 72 Imp Jap Gov 4s SOOO .... BIVi 1000 .... 158 S000 .... 08 Vi 2000 ... SB 3000 .... 6894 In & Gt No R 8 1000 .... 58 In Mar Marina 6a 1000 .... 8814 Inter Met Co 4a 1000 .... 17 3000 .... 17V4 1000 .... 17H Inter Rap Trans f3 . 20M .... SS 2000 .... 53 2000 . .. 02 T. 23000 .... S3 18000 .... 03 K C P s & M ny la 3000 .... es Kan City & S It 3s 1000 .... SS 2000 .... 84 Kan City & S Ry 5s 1000 . . 67 200O .... 68 sooo a 1000 . . 68 Lehujh Val R Co 4000 ....ldo 1000 .... 0874 Liggett & Myers 6s 1000 .... 89 line Island RR fd 1000 .... 05 Lorillard Co 5s 10000 .... 87 Louis ft Nash RR Is 4000 .... 70 Man Elev Raly 4s 1000 .... S6H Manhattan Sta 4s 8000 .... 72 Mich Cent RR D 4s 3000 .... 78 Mlfl Steel & Ord 6s 1000 .... 83 0000 .... 83 1000 .... 83H 2000 .... 83 Minn ft St L RR 4s 3000 .... 30 1000 ... 40 1000 ... 40 Minn & St L fd 6s ' 1000 .... 42 Minn St P & Bault Ste Marie Ry 4s 1000 (.... 78U Missouri Pac gm 4s 10000 . . . 86 1000 . . Wi 1000 . . 86 1000 S6 M Kan C & Tex 4s 4000 ... 67 Mo Kan C &T 4Hs 2000 ... 28 8000 .... 3 N Orleans Term 4s 1000 . .. 01 NY G&HRIW'J 1000 . -s 6000 65 2000 . . 65 N Y C & H It R 4s 12(10(1 .. liKt. NYC & II R R en 4s 1000 ... 66 N Y C A H R R 8 0000 . . 9 Hi 1000 . .. 01 2000 . 01 N Y C & St L D 4s 1000 ... 67 N Y Gas HL & Power 4s 2000 ... 61 SOOO . . . 62 KYNH4 Hart 6s 4000 .... 60 4000 .... 70 1000 .... 70 NY Telephones 4 4000 .... 70 1000 .... 70 3000 .... 70 1000 .... 70 3000 ... 78 N Y Telephones (a SOOO .... 03 SOOO .. 03 N YTV C & B 4S 13000 . ... 38 1000 .... 37 0000 . ... 37 6000 . , 3000 . , 1000 .. 5000 . , Southern ipso . . 3000 . . 73 . . 75 . . 78 . . 76 Pacflo 4s . . 7 68 Southern Pac cv 4s 1000 78 10000 78 Southern' Pac cv 6s 4000 3000 7000 iooo 10000 3000 2000 10000 ..100 ..100 ..100 ..101 ..100 ..100 ..101 .100 South Railways 4s 1000 .... 67 4000 S7 1000 ..., 67 2000 .... 57 2000 7 16000 .... 57 7000 S7 South Railways is 2000 .... 83 1000 83 1000.... 83 StL & San Fran a 1000 1000 SOOO 0000 1000 100O0 loooo 1000 30000 JOOOO 10UU 60 60 60 0 60 6094 61 61 61 61 61 St t & San Fran In 6000 1000 sooo 2000 2000 1000 10000 6000 7000 1000 3000 70000 JS000 6000 6000 1000 2000 10000 2000 6000 3000 . 43 44 . .43 .. 43 . 42 . 42 . 46 . . 45 48 45 . 46 , 45 . 45 . 45 . 45 . .146 . . 46 . . 46 . . 45 . . 46 45 URUof S-Fun ct 4 1000 .... 28 7000 .... 23 U S Real & Imp 6s 10000 . .. 7u 1000 ... 76 2000 . . 70 2000 ... 70 8000 .... 70 U S Rubber 'Co Es 1000 .... 81 1000 1000 1000 6000 1000 3000 84 84 84 84 84 84 TJ S Rubber Co 7s 1000.. ..10t U S Steel Co- Es 1000 .... 07 . 2000 .... 07 17000 .... 97 1000 .... 0794 2000 .... 07 Utah P & L Co 6s 1000 .... 81 2000 .... 81 2000 ..-. 81 Vir Car & Chem 1st 6000 .... 08 Wabash R R Co 1st 1000 .... 8794 West Maryland 4s 2000 .... 51 Westrn Pac RR 1st 1000 .... 81 West Shore R H 4s 6000 .... 71 WllsotfCo lat 1000 .: 96 ' 1000 .... 06 2000 ... 08 Wilson Co cv 3000 10000 1000 92 Oi 02 High 90.70 00.40 1)0.30 Lib Iloiul RVs!.. Lib Bond 1st 4s. Lib Hond 2d 4h. Lib Hond 1st 4'4s 01.00 JjiD nond 'M 44s 1)0.08 Lib llond ."Id 4Us 0.1.12 Lib llond 4th 4Vt8 00.04 00.70 Victory Note .TKb 07.70 07.04 Victory Note 4s 07.80 07.68 Low 00.54 00.30 00.10 00.80 00.R0 02.n: 1.15 p m. 00.0(1 00.30 00.18 00.80 00.60 02.02 00.80 07.08 07.74 Liverpool Cotton Liverpool, Feb. 10. Snot cotton was easier todav with middling 20 points lower, at 30.87d. The Miles were 10.0Q0 bales. The receipts were 11,000 bales, including 0700t bales American. Fu tures were steady in the early dealings. Spot prices were: American, middling fair, 30.12d; good middling, 33.12d; full middling. 32.12d; middling. 80.87d; low .middling, 27.82d: good ordmury, 2i.62d and ordinary, f 23.C2d. .-, National Lead Increases Dividend New York. Feb. 10. The National Lead Comnanv deplnreH n Hlvitlonr! nt 1 per cent on common stock, payable .uarcn ,u to biock of record March 1. Previously the company had been pajing l'i per cent quarterly. LIVESTOCK QUOTATIONS 'L,0,Sr' J.Qh ,0 hoob neckipts. so.. 000 head. Weak Flulk S13 8SIB14 7JW ton SIS OS: "oavy in 0BW14 20- medium, 114 20 iiT..,"s'15i imwi)i nt lights, !3iHi32' heavy packing sows smooth, J1218 25, PHCItlnR saws, rough, 1212 60, Pigs, 111 JSfCH 2 ' CATTLE RpRPinlM. 11.O0O he.iri StAorW Bef steers, medium and heavy, choice and prime. 14110 21 medium and good, IU.BO 14: common in 11 po: light, good and choice. 112(15 25, common and medium. R 50012; butcher cattle, hcltcrs. tfl BOW 11, cows, J6B01175, canners and cutters 5(i 60. veal calves, H.1.7517.25; feeder steers, 7.5011,BO, stockeT steers, 16.75 10 25 SHEEP IU-celpts. 7000 head Strong Lambs, 818021 J5, cult and common. 114 50 W 17,75. ewes, medium (rood and choice. $110'14; culls und common, 10010 75. rUUbnrgh. l'eb 10 HOGS Receipts, 1800 head Steady. Heavies 114 26H 50. heavy and light yorkers and pigs. 115 75 10. SHEEP AND LAMBS Receipts. 800 head Steady Tep sheep, 115: top lambs 122 CALVES Receipts. 30 head. Steadj. Top 121. Eat IlufTolo. Ten 10 CATTLE Re ceipts, 200 head Stend to strong. Calves receipts, 250 head. Slow. COo lower; 16 HOGB Receipts 10.400 head. 50075c lower. Heavy. 112.25018 00. mixed. I165: yorkers, light yorkers and pigs, 115 85 15 75: roughs, 112.501312 75. stags 18010 SHEEP AND LAMBS Receipts. 4000 lead. Steady. Lambs 114022. yearling. 812019.50. wethers, 115 50010; ewes, $60 14 50: mixed sheep 114.50015 Kansoa Cltr. Mo.. r. Mo.. Feb 19, celpts, 7500 head Higher Bulk St t, & San Fran A 6000 1000 1000 1000 1000 1000 10000 ioooo soooo 57 57 57 67 37 57 57 57 57 St Li & San Fran B 1000 .... 68 2000 .. . 68 1000 . . . 68 1000 .... 68 6000 .. 67 1000 -. . 68 St L, & fan Fran C 1000 85 St I, & S West R en 4000 .... 51 St L A So West 1st 6000 . , . 60 3000 . .61 1000 ... 61 St P & K C S L 4 ' 2000 .... 01 Third Ao it R 4s 1000 . . 46 6000 .. 46 U K of G B & I '21 10000 .. . 93 0 5000 03 1000 . . 93 70000 03 10000 94 5000 94 6000 , 04 9000 . 94 10000 . 03 3000 . 94 6000 04 U K of O B & I rets of 'fii 3000 . 0i 17000 . 90 6000 90i 10000 00 2000 . 91 10000 . 91 10000 90 U K of G B I rets of '29 5000 . 90 iooo . 00 1000 00 2000 00 23000 00 10000 . .. 00 26000 . 90 U K of O B & I '37 50000 . . 88 2000 . . 83 1000 .... 83 4000 ... 86 11009 ,. , 81 5000 . . 8 10000 88 IOOO .... 88 5000 .... 8U 7000 .... 86 1000 .,., 87 HOGS Re rulk. IIS 35 14, heavies, 113 80013 00, mediums. 118 6U III: ilgnis. u oiiktu 3a, packing sows, IU 50013 pigs, 111014 CATTLE Receipts 8000 head Weak Heavy beef steers choice and prime, 3140 16 50, medium and good, 112 25014, com mon, 19 50012 25, light, (rood and choice. Ill 60014 60, common And medium, 18 11,50, butcher cattle heifers. IS U0ll.7ft. cows. 0 85011 3, canners and cutters, 15 06 (15: voal calves, 112 75015, feeder steers 18 50(312 75 stocker steers, 16 2ri10 25. SHEEP Recolpts 3500 head Higher Lambs. 17.5O0;O 2ii culls and common, 112 017 25, jeurllng wethers 115018; ewes, 110 50013 2V cull ?nd common, 15 250 10 25; breeding enes 18014, feeder lambs 315 50018 50. Kast St. Lools. Feb. 19 HOOS Receipts. 90( head Higher. Dulk 114 21015. reavy. $14014 50. medium, 114 10015 23; light, 14 75Wt5 21, heavy packing sows, smooth 112 .'5012 50; packing sows, rough, 111 1MP12 20, Pigs 112 50015 ('ATI Li. Receipts, 1750 head Strong Reef steers medium and heavy, choice and prime, 114018. medium and good 111 13.73. common, 19010 75; light, good and choice, 112 26(3)1)1: common and medium, !HB01J butcher cattle, hflfers, 17.250 14 50, cows, 17,21010 50; canners and cut ters. 150" veal calves, light and handv weights, I12O17.50; feeder steers, 18 50 11 50, stocker steers, S701O 50. MIHEP Receipts 1800 head Steady. Lambs 117 75020 60, culls and common. II.) 50017 50, jeirllng vtetherB 116018.50; ev.es medium and choice, 810013 .'5; culls and common, 50 BUTTER, EGGS AND CHEESE New arU. Feb 19 BUTTER firmer. Re ceipts. 1803 tubs Creamery, higher than extras i08Wc. extra (92 score), 87 0 074 c firsts (88 to 01 score) 59008c; pack ing ptock. current make, No 2. 39c. KOGS strong Receipts, 16 486 cases rresh-gathered, extra firsts 80067c, dc. firsts. 65c. state Penneylvanla and nearbi western hennery whites, firsts to extra, 68 Tc, do, brown extra. 70c, do, gathered brown and mixed colors, first to extra, 03 000c CHEESE irregular Receipts. 121 boxes Mate, whole milk, fiats held specials, 300 lie do, average run 28vi 28c state, whole milk, twins held specials, 20030c, do aerage run. 280284c. MARINE EQUIPMENT SECURITIES Today Marino Equipment Securities are classed for merit with those of tha best Ralroatls Do you know of a railroad equipment where all the earnings are turned over to a well-known Trust Com pany us Trustee to retire the bonds 7 We hao buch a Marine Equipment Secu rity and the bonds should be retired well before ma turity, which Is but three years from date of lsue. Bonds are callable at 103 May we send you a circular? jflAcKieq Go. Irtvtment Bankers Members Phlla, Btoch Exohanga Real Estate Trust Bldg. lblladolphla Now Issue $400,000 FAYETTE R. PLUMB, INC. OF PHILADELPHIA AND ST. LOUIS FIRST MORTGAGE 7 GOLD BONDS Dated February 1 1920. Due February 1, 1921 to 1930. Authorized issue, $400,000 all outstanding coupon bonds, denomination $500. Interest payable February l.and August 1. Principal and interest payable at the Mercantile Trust Company, St. Louis, , , or the Bankers' Trust Company, of New York. . Subject to redemption as a whole at the pleasure of tho Company on any interest date at 102 and accrued interest, upon thirty days' previous notice. MERCANTILE TRUST COMPANY, SAINT LOUIS, TRUSTEE. MATURITIES: $20,000 February 1, 1921 $20,000 August 1, 1921 $20,000 February 1, 1922 $20,000 August 1, 1922 $20,000 February 1, 1923 $20,000 August 1, 1923 $20,000 February 1, 1924 $20,000 August 1, 1924 $20,000 February 1, 1925 $20,000 August 1, 1925 Price for Any Maturity, 100 and Accrued Interest, Yielding 7. We summarize the following statements from a letter addressed to us by Fayette R. Plumb, President of the Company: Fayette R. Plumb, Inc., with plants at St. Louts and Philadelphia, are engaged in the manufacture of hand tools, consisting chiefly of hammers, hatchets, axes, sledges, wedges and mauls, the business having been founded in 1856. Bonds secured by a closed first mortgage on fixed assets of the Com pany, showing a conservatively appraised value of $1,713,471.13. Under the terms of the Deed of Trust the Company covenants to main tain at,all times net current assets equal to the amount of the outstanding bonds. The balance sheet at December 31, 1919, after giving effect to the new financing and after the deduction of all current liabilities, including Federal taxes, showed net current assets in excess of $600,000. The net earnings covering the period of four and one-half years', ending December 31, 1919, have totaled over $800,000, being an annual average of over three times the amount required for the payment of both principal and interest on these bonds. No dividends to be paid during the life of the bonds in excess of 50 of the net earnings after first deducting the amount required for the annual payment of principal and interest. . The loan is reduced $20,000 each six months, beginning February 1, 1921. so that the security becomes greater for the remaining bonds. This loan has received the usual careful investigation by the officers of the Mercantile Trust Company. The form of bond, deed of trust, and all legal proceedings connected with the issue have been approved by Messrs. Morgan, Lewis and Bockius of Philadelphia for the Company, and by our counsel. We Recommend These Bonds as a Safe Investment. Bond Department Mercantile Tnist Company I Manufacturers ' ', llll , ftr ..J I wis lung nj ' I to .Sell j$ rt J I l? v. 1 if," 111 Jill or to purchase a going M' II 'I concern will Unil our H' llll Business Trading Do- irttr' 1 1 partment offering an un D , S1"J i usual service. Wo are V '' I ifi touch with industrial Ir . activities, and we shall bo I glad to discuss with you ' I your particular situation. lTI , j t j Our files contain 'inquiries h both for the purchase and M ' If 1 1 for the sale of industrials 6 , . Jl I and going concerns. j llll T 'J I ': 1 1 Business Trading (? J i Department " I ill " i I Elkins, Morris & Co. ' I Land Title Bldg., Phila. Oil-4 1 1 Investment Bankers i 4i I oof 1 1 1 1 t $20,000 February $20,000 August $20,000 February $20,000 'August $20,000 February $20,000 August $20,000 February 1, 1929 $20,000 August 1, 1929 $20,000 February 1, 1930 $20,000 August 1, 1930 1, 1926 1, 1926 J, 1927 1, 1927 1, 1928 1, 1928 Member Federal Afeserre System SAINT LOUIS lS Government Siperyson MISSOURI Capital and Surplus $10,000,000 All statements contained herein are taken from sources believed to be i enable, but. arc not guaranteed by us. All bonds offered subject to prior sale or change in price. Philadelphia Company UNIQUE in its his tory, the Philadel phia Company pre1 sents an interesting study for the investoi. An analy sis of the financial, busi ness and investment posi tion of this great public utility, operating largely in Pittsburgh and vicinity, is contained in the current number of our Market Re view. hrHt on rrqurst lor 193 HUGHES & DIER Members J'hiladriplila Stork Kxrhinse rittnlmrsh stork Kxrhanire CMrnico Board of Tmd 1435 WALNUT STREET TII.rKMllIA Nf lork Ofllre. SO Itrouil Mrrxt I.rhlcli Pr. Sw. Oh. 1037 r Irtlrk If. 1031 1'liilii Koll Mnrhlnrrr Us. IS'13 llt Pnn IT. 0'. 1910 Tons. CIMffl.t.. IT 4. Tr. us, 106.! 'mutton Mre. fi, 1020 HENRY D. B0ENNING & CO. 8T0CK KVCIIANOI! IIUII.DING Dlrwt ITlval Tclfplionr to rw lork Members rhlln. Htock Kxrttunre The Sherwin-Williams Co. 79o Cumulative Firit Preferred Slock Price 100 'and Accrued Dividend WURTS, DULLES & CO.' 1416 CHESTNUT STREET Experienced Man, with thorough knowledge of bonds and securi ties, desires position with Bond House, Broker or Bank. Salary $3500. C 634, Ledger Office. BEST SERVICE TOCUSTOMERS- OUR FIRST CONSIDERATION REALIZING that in giving the best possible service to (, ourxcustqmers we are serving the "lU best interests of the bank, genuine helpfulness to depositors is a prime consideration with us. FROM this Bank, depositors and customers receive co-operation and consideration in the solving of their business problems, beyond the or dinary demands of competent banking service. THE PHILADELPHIA NATIONAL BANK 4-il CHESTNUT STREET isi; 1920 rire Association OF PHILADELPHIA N. W. Cor. 4th & Walnut lias plven Its policy holders Bofld lm?mnlt for moro than one hundred vars nd lian never been so stronpr lln ui lally as now IIae ou .i policy In this old und reliable fomiunv1' CHARTER PERPETUAL - " 1 "ft11! ".to'' I illf For cenernl anslneerlnr work nlth lane, Public flervlca Corporation oulr man. not over 30 1 college or technical school graduate preferred! veryi good opportunity for uilrance. went. V rite, stating experience and approximate salary desired. llox O 030, I'ubllii Ledger Ofllie. Inter, view will be arranged. Wanted by a New York and Philadelphia Stock Exchange house margin clerk; state experi ence, age and salary expected. Address C 705, Ledger Office. (lis of .Nio I' mlo I itrniul in., !.!'.'. !"". Murp.fllle 4 llorilrmiv (Is riillililrlnlilit (oiiiiiuio (oris Mticr, An, (ouiitlro (, A Mrctrli t umiuii S. re I.olrk t nninuiu let Mtcr. On American rubllr fcervlre Company 8n. Mrlmlrr Coal & Coke Cunipuuy 1st flu. .'.tun. d miKiiiin 9trrt m ist nit, lcruntoii l.lrclrlc Companj Nntr. Bs, I f.nml 1.ImpI.i I Amnan. n.K.n flx 11 n-.l ...! .v... a & ... . uBiriwi iroir i hiin a urtlirru UN, Thoroughly Experienced Bank Teller Tan make aulrndlil connection lll C.loureht-r Itr financial Institution, Aildresa P. O. Box 23, Gloucester, N. J. 1941 lUtl 111") I urn; inn tots 1H4J IUB lO.'O into 1040 Samuel K. Phillins & Co. Members I'hlliiilelnbla stork i:iehanie .107 CHKSIM'T hT. , Stockwell. Wilson & LUivill Certified Public Accountants Land Title Bldg.', Philadelphia A" MERCANTILE BANK OF THE AMERICAS i riNK KTiiKirr m.v iork An jttnerfcoi. Bank for Portion Trade ew Orleans Paris Madrid Ilarcelona r. v.,AKr!.I'IATJ:.D BANKS in Colombia I'eru Venezuela Ilraitl Nicaragua Cuba Costa Ilka' Honduras Lawronce E. Brown & Co. CERTIFIED PUBLIC ACCOUNTANTS . 1115 RKAI.KSTATK TRUHT nUa. Inirstlrate and adjust uartnerahlp ani corporation accounts, Alas prepare U. S. Intoute Ihk Krturns, Evcry. Man Needs This Free Book It tcllb in a clear, in teresting way: I 'I lu General Itulci ol , Trading. How to Ci'wc a Hro'ttcr i Instructions. 1! r o k c r s' Commission Charges. How tn Indorse a Stock Certificate. How to Use Collateral I in Trading. How (o Clroui) lnc.sl- ments. T li e Deposit Require ments for Carrying Stocks on Account. The Nights of Stock and Bond Holders, etc. Edition limited. Call, 'phone or write TODAY Ask for No. T. U.-(9K JONES & BAKER SECURITIES Widener Bid., Philadelphia PkonttBtll, Walnut 6065 Kiyttont. Race 2230 Direct Private Wins Offices ui 8 Principal Cltica I , . t H A 3 M L J i- x ,A). A T 'I -V, . , WS&, w- .,W
Significant historical Pennsylvania newspapers