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211
EVENING PUBLIC LEDGER PHILADELPHIA, TUESDAY, MARCH 2, 1920
.:
FOREIGN INTERNAL BONDS
We'havo established
Direct Cable Communication
with
Belgium France Great Britain and Italy
gnd through our agents In, these countries can offer subject
to change In prfc'o
Monday Cloflnc Price at Tar
rrlcea ' Exehance Normal
Belgian Cork Restoration Si ;..,.. $74 V4 per 1000 fri. $193
French GovL Victory 5i 65 per 1000 frs. 193
French GotL 4i of 1917 5334 per 1000 fn. 193
British Gort. War Loan 5s y. ,314 per 100 486
Italian GoTtConsolidated War Loan 5$ 50 per 1000 lire 193
Belgian Gort. New 5s, 1920, $73.92 per 1000 frs.
French Govt. New 5i, 1920 70.23 per 1000 frs.
We are prepared to 'give information concerning these and
other Foreign Securities and Invito correspondence' on this
subject
EDWARD B. SMITH & CO.
Banker
1411 Chestnut St, Phito
ELKINS, MORRIS & CO.
Bankers
Land Title Bids;., Phil.
French Government Bonds
The present value of the franc in relation to our dol
lar permits the American investor to purchase the
French Government Bonds on a basis that would
show an exceedingly attractive profit with the return
of French Exchange to par.
We have prepared a circular describing three such is
sues which we shall be glad to furnish on request.
This circular includes the French Reconstruction
Loan of 1920, which is redeemable in 60 years by
semi-annual drawings at 150.
A purchase can be made of
10.000 franc 4s of 1917 for about $540
10,000 ' 5s Victory " " 660
10,000 v Ss of 1920 " " 710
For particulars send for Circular No. E-64
G handlers Company
tcoarATi
Franklin Bank BIdg. .
Philadelphia
New York Baltimore New Haren Boston
4 Federal Income Tax Itefnndecl.
Nrw York and Maaaachaartta Income Tax Jlefunded.
Connecticut and Pennaylvanla Feraonal Property Tax Refunded.
National Utilities Company
Bond Secured 7 Serial Gold Notes
Maturing Annually, Feb. 1, 1922 to 1936
Denominations $500 and $1,000 in all Matcritici
$100 Notts in 1926, 1931 and 1936 Mitaritiu
The Company controls and operates Electric Light and
Power and Qas properties, supplying IB cities und their
environs, with a total population of 115,000, In tho States
ot Ohio, New Jersey, Mlflaourl, Kansas and Texas,
SF.CUtUTY
The Notes may be Issued only afralost First Mortgage
Honda (or their equivalent) of the properties now owned
or hereafter ncriulred by the National Utilities Company,
In the following ratio: 1900 In Notes of this Iraue against
each $1,000 Bond bearing on Interest rato of C or more:
1800 In Notes of this Issue against each 11,000 Bond
hearing an Interest rate of less than 6 ; with very con
servative restrictions against additional Issues of notes.
Etrniop (Tillable orer 4 timet intertil ckarfai on taeie Notci.
Power load increased 200 ia foor jreari.
New contracts for power will further largely increai net earaini.
Price to yield V.30
MtcoaatMUkTBO
STOCK KXCHANGK JILDO., FIIILADRLFIIIA
New York Bridgeport lloitan
NEW YORK BOND SALES
Summary of Individual Transactlons.oa jbe Ne,w Tork.ExcbaDis
Am Smelt & Itef 6b
1000 ..... 81
Innn . n!:
Am Tel 4 Tel Co Es
juoo .... si
eooo .... si
4000 .... 81
1000 .... 81
S000 .... 804
10000 .... 80
1000 .... 80
Am Te! & Tel Co 6s
1000 .... OOVi
1000 .... 8CV4
1000 .... BStt
S000 .... 00ft
1000 .... 98ft
1000 .... 06ft
4000 .... flU
Anglo-French B Ss
4000
0000
83000
1000
10000
10000
35000
10000
10000
8000
8000
13000
8000
1000
10060
1000
8000
1000
100000
10000
1000
40000
8000
3000
23000
3000
2000
2000
10000
10000
23000
2000
3000
08ft
08
06
86
0S
06
06
06ft
00ft
06ft
06ft
06ft
08ft
06ft
06ft
01
07
84
06ft
87
06ft
01
07
, 07
. 07ft
07 V
, 07 ft
, 07ft
, 97ft
07 ft
, 07 ft
. 87 ft
07 ft
Argetlno Hepub 5s
1000 .... 71
3000 .... 11
Atch T & S Fo 4s
1000 .... 78ft
3000 .... 73ft
6000 .... 73
0000 .... 13ft
3000 .... 13ft
tnon 15A
Atch T & 3 Fe cv 4s
2000 .... 03
2000 .... 63
3000 .... A3
Atl Coast Line 4 s
4000 .... 74..
AUa Knox & Cln 4s
1000 .... osft
Baldwin L Wks 6a
2000 .... 09
Baltimore, & Ohio cv
3000 .... 01
10000 .... 63ft
1000 .... 03
1000 .... 64
4000 .... 63ft
2000 .... 03ft
1000 .... 63ft
4000 .... 01
1000 .... 64
Baltimore & O 3 Us
2000 .... 82ft
4000 .... 82
Baltimore & Ohio 4s
innn .... 63
I 2000 .... 63ft
1000 .... 63
8000 .... 63
2000 .... 63
1000 .... 63
3000 .... 03..
2000 .... 63ft
Baltimore & Ohio Es
1000 .... 83
1000O .... 63
5000 .... 64ft
Baltimore & Ohio 6s
City of N Y 3a
of May '54
City of N Y 4V4s'of
May '67
16000 .... 77
C of N Y 4fts of
Nov '67
2000 .... 90
Cof NY4Hsof '60
10000 .... 06ft
Cof NY 4Ua of '67
10000 .... 00ft
2000 .... 00
City of Paris B 6s
3000 .... 00ft
2000 .... 00
1000 .... soft
1000 .... 00ft
100O .... 00ft
4000 .... 00ft
4000 .... 00
1000 .... 00ft
2000 .... 00ft
Shall wc mail you our
Current List, describing
seven selected New England
Preferred Stocks?
These are available to net
6y2to8
Ask for List P. P. L. 357
HollisteiWhite & Go.
It (MCOVVOMATf D UN
11 North American Building
I PHILADELPHIA III!
I Uuiiun New York: Springfield Providence
U. S. Liberty Bonds
All Issues
Bought and Sold '
$5O-$10O $500$1000
Gkahah, Parsons &Co,
4 CHESTNUT STMfT
13000
1000
2000
1000
2000
10000
2000
10000
1000
0000
84ft
83
83
84ft
84 ft
84 ft
81ft
84 ft
84
84 ft
Bait & O P & L. 13
. & W Va Sys 4s
1000 .... 30ft
B 4 O 8 West'n 3
4000 .... 71ft
Bait & Ohio Tol 4s
1000 .... 40ft
Brk Ilap TranBlt 5s
3000 .... 30
Bush Term BIdg 5s
1000 .... 78
1000 .... 78
Cal Gas & B Co 6s
5000 .... 84ft
1000 .... 84
Central Pacific 1st
1000 .... 72
Ches & Ohio R 4 Vis
1000 74
Ches& Ohio cv 4Vsb
1000 .... 73
1000 .... 71ft
5000 .... 74ft
1000 .... 15
Chea & Ohio cv 6s
3000 .... 70
Chi & Alton 3V4
3000 .... 34
1000 .... 32
4000 .... 33ft
1000 .... 33ft
3000 .... 33
Cht B & Qulncy 4s
1000
2000
6000
1000
2000
1000
2000
2000
04 ft
04
04ft
04ft
04 Vi
04
04ft
04ft
Chi O L. & C Co 7s
1000 ....101
Chi & Qr't West 4s
3000 .... 55
laon .... 55
Chi M & P S Ry
1000 .... 00
Chi M & St P 4s 25
1000 .... 71ft
1000 .... 11 ft
4000 .... 17ft
Chi M & St P D 4s
1000 .... 61ft
C M-ASt P cv 4Hs
4000
3000
71
72 ft
CM & Ht P fd 4V4b
1000 .... 61
1000 .. 61
2000 .... 61
Chi M & St P cv Es
tnao 72
Chicago & N W gm
10000 .
Chi R I
2000 ,
1000 ,
1000 .
1000
2000 .
I 1000 ,
11000
15
& POO fd
... 65
... 65ft
... 05ft
... 85
... 65
... 65ft
... 65ft
Chi Union Sta 4VsS
2000 .... 78
Chi & W Ind RR 4 6
t AAA .... SO
Chinese Govt Hu-K
Railway ds
1000 .... 48ft
Chllo Copper Co 7s
2000 ....102
1000 ....101
1000 ....101
1AAA .... 101
City of Bordeaux 6s
0000 .... "r
10000 .... 9
3000 .... t
jnAn .... 8914
City of Lyons B 6a
4000 .... "
2000 . . tt
10000 .... 9H
1000 .... .
CltvofMaroeUra a
! '.'.'. .K
City of Toklo B Es
B000 .... S3
.Colo ft Southern 4s
100O .... 82ft
Colo & Southern 4 A
2090 .... 70ft
Consol'd Clas Co 7s
2000
,2000
4000
2000'
2000
2000
5000
5000
26000
10000
,.100ft
..100ft
..100ft
..100ft
..100ft
,.100ft
..100ft
..100ft
,.100ft
..100ft
Del ft Hud Canal cv
1000 .... 81
1000 .... 81ft
1000 .... 81
Del ft Hud CanoJ fd
3000 .... 78ft
Den & Rio Orand fd
1000 .... 41ft
20000 .... 41
1000 .... 41
1000 .... 41ft
Den & Rio Grand 4b
1000 .... 01ft
1000 .... 03ft
Dom of Can 6s '21
rooo .... 00
Dom of Canada "26
5000 .... 96
Dom of Canada '29
4000 .... 02
1000 .... 03ft
8000 .... 08
15000 ... 08
10000 .... 03
Dom of Canada '31
2000 .... 01ft
2000 .... 01
25000 .... 01ft
1000 .... 01ft
10000 .... 01
Erie R R Qen'l Lien
1000 .... 44ft
1000 .... 44
5000 .... 44
8000 .... 44
2000 .... 44ft
10000 .... 44ft
Erie RIlcvA
1000 .... 3Rft
2000 .... 38
3000 .... 30
2000 .... 3Hft
Erie R R cv B
1000 .... 30
2000 .... 30ft
0000 .... 30ft
Erie II R cv D
10000 .... 42ft
Erie U R cv 4s
1000 ...
8000 ...
3000 ...
3000 ...
6000 .-,.
0000
53
53
53
53
53
52
Hudson & Man In
2000 .... 10
2000 .... 10ft
1000 .... 10
8000 .... 10
2000 .... 10ft
lqoo .... 10
7000 .... 10
2000 .... 18
5000 .... 18ft
3000 .... 18ft
2000 .... 18
5000 .... 18ft
Hudson & Man (d
5000 .... 58ft
1000 .... .'8 ft
2000 .... 58
Illinois Central fd
2000 .... 72
III Central 3fts '62
8000 ,.;."es
111 Central 4b of '63
2000 .... 66ft
Imp Jap Govt 1st
3000 .... 71ft
2000 .... 72
1000 .... 72
2000 .... 71ft
1000 .... 72
33000 .... 71ft
1000 .... 72
5000 .... 72
4000 .... 72
24000 .... 71ft
21000 .... 71ft
11000 .... 71ft
55000 .... 71ft
13000 .... 11
Imp Jap Govt 2nd
1000 .... 11
2000 .... 11
500O .... 10
3P00 .... 11
Imp Jap Govt 4s
10000
6000
1000
8000
1000
2000
5000
3000
10000
, 58
51
68ft
S8ft
88ft
58 ft
58
58ft
58 ft
Indiana Steel Co 5s
2000 .... 01
Internat'l M M 6s
1000 .... 88ft
Interboro Met 4H
1000 .... 16
3000 .... 16
Interboro Rap T fd
1000 .... 63
1000 .... 68
2000 .... 83ft
25000 .... 03ft
2000 .... 53ft
25000 .... 64
20000 .... 64
1000 .... 58
2000 .... 53
Iowa Central Ry 4s
7000 .... 41ft
Kan City Ter Ry 4a
1000 .... 10
K C F S & M ny 4a
1000 .... 65
Karr City & S Ry Es
3000 .... 70
2000 .... 70
LS AMlch So 8V4r
4000 .... 60ft
Lehigh Val en 4fts
3000 .... 70
3000 .1.. 79
Lehigh Val R Co 6s
1000 ....100
Long Island RR fd
1000 .... 64ft
Lorlllard Co 7a
2000 ....110
Liggett & Myers 8s
2000 .... 88
Louis ft N R R 4s
0000 .... 80ft
2000 .... 80ft
000O .... SI
Mid Seel ft Ord Ea
1000 .... 83
1000 .... 83
1000 ..,, SS
Minn ft St L RR fd
10000 .... 40
Minn St P ft Sault
Ste Marie ny 4a
1000 .... 18
Mo ICon ft East lit
sooo .... ss
2000, .... 86
M K City ft Tex 4a
1600 .... 87ft
Mo .Kan ft Tex 2nd
188 .... 8
MlejMWt rsAtm 4
1000
1000O
8000
2000
2000
4000
4000
6000
1000
1000
85
66
86
65
66ft
Sift
65ft
65
65
86
Missouri Pac 5b '26
2000 .... 88ft
Montana Pow Co Es
1000 .... 86
Nash Chat S: St L
Railway 6a
30oo .... 06
Nation'! Tube Co Es
2000 .... SO
NYC &H'P.P.8ft
1000 .... 64ft
1000 .... 64ft
3000 .... 65
10000 .... 75
N YC&HRR4V4
3000 .... 15
10000 .... 15
N Y C ft II R RR 43
100O .... 75ft
3000 .... 76
N Y C ft H R R 6s
2000 .... 62
1000 .... 02
2000 .... 02
6000 .... 92
1000 .... 93
N Y C& St L D 4B
3000 .... 76
N Y Dock Co 4i
2000 .... 62
N Y L II ft P Co 4s
2000 .... 81
KYLII P Co Ca
4000' .... 82
N Y N II & Hart 6s
1000 .... 73
1000 .... 75
N Y Telephones 4ft
1000 .... 78
N Y Telephones 6s
1000 ,,,'. 04
N Y W C ft B 4Vis
2000 .... 42
Norf & West cv 6s
1000 . ..;101
1000 ....lot
1000 ....101
Northern Pacific 3s
1000 .... 54
4000 .... 54ft
Northern Pacific 4s
3000 .... 74ft
7000 .... 74ft
1000 .... 74ft
2000 .... 74ft
10000 .... 74ft
4000 .... 74..
Oregon & Cal RR Es
1000 .... 01ft
Oregon Short L 4s
1000 .... 80ft
2000 .... 80
3000 .... 80ft
2000 .... 80
Oregon R R & Nav
Co 4b
2000 .... 50ft
Pac Gas ft Klcc 6a
1000 78ft
3000 .... 78
Fenna RR gm 4 ',4 s
2000 .... 81
0000 .... 81ft
Penna R R.Co 6s
1000 .... 88ft
1000 .... 88ft
1000 .... 88ft
5000 .... 88ft
3000 .... 88
1000 .... 88
Pere Marquette 4 s,
2000 .... 71
Pero Marquette Es
2000 .... 83ft
Philadelphia Co cv
2000 .... 87ft
Pitt Shen & L E cv
1000 .... 87
Reading R R Co 4s
4000 .... 70
1000 .... 70
Rep of Cuba Ss '04
1000 .... 00ft
1000 .... 01
1000 .... 01
R Grand & W R 4a
7000 .... 50ft
R I Ark ft L 4 Mi
1000 .... 61ft
3000 .... 01ft
2000 .... 61ft
11)00 .... 00
2000 .... 61ft
Royal Dutch Co Es
2000 .... 73
Son An & Aransas
Pass Ry 4s
2000 .... 65
10000 .... 53ft
S( aboard Air L aj
.1000 .... 40ft
6000 .... 40
7(100 ,... 40
1000 .... 40
South'u Bell Tel 5s
2000 .... 82ft
Southern Paclflo fd
4000 .... 74
Poutht-rn Paclflo 4s
innn .... 07ft
2000 .... 68
Southern Pao cv 4s
1000 .... 70
2000 .... 78ft
10000 .... 18
1000 .... 70ft
3000 .... 78
2000 .... 70ft
Southern Poo cv Cs
2000
20000
20000
10000
1000
10000
0000
10000
..101
..101
..lfllft
..101
,.10lft
,.101ft
,.101ft
.101
Southern lull's 4 s
6000 .... 87ft
12000 .... 67
1000 .... 67
1000 .... 57
Southern Rail's 6s
6000 .... 84ft
2000 .... 81ft
St L ft, San Fran aj
2000
1000
9000
1000
1000
1000
2000
1000
9000
20000
2000
1000
6ft
68ft
63
63..
85ft
63
63 ft
63
63
63ft
03ft
58 ft
S l ft San Fran In
1000
1000
3000
8000
20000
1000
10000
47 ft
47
47
47
48
48
48
Ot L & San Fran A
2000
1000
1000
2000
3000
3000
1000
1000
1000
1000
1000
68ft
58 ft
58 ft
68
SH
58
58ft
58..
68ft
68
58ft
St L & San Fran B
28000
2000
6000
6000
5000
2000
6000
5000
2000
68ft
68
68ft
68ft
68ft
88
6K
68
68
St L & San Fran C
1000 .... 80 .
St L ft S West'n 1st
1000 .... 03ft
1000 .... 63ft
St L ft S West R en
1000 .... 54
3000 .... 34
St I. & J WeBt R Es
1000 07ft
4000 .... 57
Texns & Pac Ry 1st
2000 .... 83ft
Union Pacific RR cv
1000 .... 85ft
1000 .... 84
Union Pacific HR.'M
2000 .... 72ft
Union Pacific R 4b
3000 .... 81ft
1000 .... 81ft'
U Kof G B ft I '21
1000 ..
1000 ....
5000 ....
1000 ....
3000 ....
10000 ....
6000 ....
6000 ....
2000 ....
1000 ....
20000 ....
22000 ....
000O ....
30000 ....
10000 ....
10000 ....
U K of G
rets of '22
67000 .... 03
8000 .... 04
6000 .... 03ft
6000 .... 03ft
U K Of G 11 &
rets of '29
04ft
04ft
01ft
04ft
04ft
04
04
04
04
05 ft
03
03ft
06
03
00
06
B ft
DEMAND ON CURB
FOR OIL SHARES
Advance in Pripes of Crude Ar
ticle Reflectod Generally
Throughout Croup
SHIPPING STOCKS ACTIVE
83
'38
4'A
2
S'
11
17
ton Wyoming 2r
.. lJ?ic;-''D'',ctf;:: son sou
Co :::::: 22i m
fllnlon ,7 iz
el on ip ,2
V.i nil 3i .0
4000
1000
1000
100O
2000
2000
1000
90ft
00ft
00 ft,
89.
80
89
80
V K of G B & I '37
1000 .... 86
1000 .... 80
1000 .... 85
2000 .... 86 '
25000 .... 65ft
18000 .... 86
Utd Ry Invest Co of
Santa Fo Es
1000 .... 70ft
U S Rubber Co Es
1000 .... 83
2000 .... 83
U S Steel Co Es
2000
1000
4000
4000
1000
5000
6000
97
07 ft
98ft
91
91ft
91ft
96
iJltr Vni-u Mi..h 2. .More activity
wfli nhown in the trading on the Broad
street curb today, tho advances iu uic
prices of crude oil in ail Bcctiona being
reflected in a good general demand for
the oil shores generally. .
International Petroleum was the
trongest feature, ranging, from 01) to
73j, and all the Homer fie d RtockH
were firm to strong, buying being noted
in those issues from strong banking In
terests. ,
This demand wob most pronounced In
Slmms Petroleum, which rose from 30Vt
to above 37. White Oil ranged from
28 to 2fH., nnd Gllliland sold at 41.
General Asphalt ranged from 81 to
70 Y2.
INDUSTRIALS
Hljrh Low Laht
Acme Coil Ji J4 "
Am Marconi 6$ W, B
Am Safely Itaior !" " !
Ilrltlih Amtr Job coup.. 20 "S
General Asphalt 81 70V4 79J4
(Jenerat Motors 24J -? r
Indian rcktnB "V4 13H 134
"!' J!010" :::::: -8 !& 'm
Armmir lylllier V'H
Monta-onvry.Ward
Nor Am Paper ...
Perfection Tire . . .
Radio Co
Republic Tiro Rub
Hubmnrlni IJoat ..
U 8 Bti-an
itnii.d rut Cnndy
United PDtlt Sharing .... f
United Plture Prod J
V Vtvln.lnil lnc 1Q
INDEPENDENT OILS
Allied Oil ,'4 i6
Amal Royalty 5w V
tlnono Oil ....1 ?7 .if
T..An U'wimlnf . .. a t
;":.:: c' -.: ss 27
Cities
Coide
Dominion
rjriri v.i nil
V,Vrnl Oil .?'
Hllllland !,,
Olenrock Oil &
Ouftey OIllcBplo -Jfj
Homo Oil '
Houston Oil J
Int Petrol "
leland Oil ?,.
Ltvlnsston ,rp
Maracalbo Jgvf
Merrltt Oil
Metropolitan Pet ;'.,
Mex Pan t
North Am Oil ,2ii
Phillips ret 05
Ryan Oil ,?
Hkclly oil J'
Hlmms pet "J.
Texas Co w ' 5
(Tropical Oil -
Un Texaa , ,
Victoria Oil new 1J
Vulcan Oil l
MINING
AlAs-Rr Cot J, h
Atlanta ,r
lielcher Divide ,
lile Ledge Ji
llooth
Koston fc Montana
Caled Mln 3j,
Canada Cop Jr
Oandelnrla M
Cons Vlrelnla f'
Cresion uoia ....
Divide Kxt
Eureka Croeaua .
41) Mlnlnx
Golden Date Exp
Hold Cons
Hold Divide ....
Gold Kewana ...
Gold Silver Pick .
Gold Zona ......
TnmhA tTvt,nilnn
Un- niuMa 7
Ixiulslana Co i
McNamara . . .
Masma Copper
Marsh Mln ...
Mother Lode ..
Murray Mog- ..
.Nevada, upnir ,.
Rex Cona , '
iiocnesier mines
Rope Group
Seneca, Copper
Silver Kln of Arliona.
S Stiver Lead
Success Mln
Tonopah lielmont ....
Tyno Dlvlrio
TAnnJlm H
I Tonopah Midway ....
1 Tnnmh Mln
Tnnnnah Mln 11
Tonopah Montana 1ft
I Tonopah Rescue Eula ... 2"
I U 8 Cont 7
uniiea r-asicrn ".
White Caps 12
White Caps Ext lft
BONDS
Allied Pack fls Wfr
ATT tls. 1022 04t
line an Govt 0s. 1DZ1 un
Hnla-tan Govt 6s, 1023
Gen Electric Os
40 4",
3!l 3U
27 Vi 27 U
3 .1
08 , 08,,
0UV4 7UV4
14 14
Ht 18VI
lRVl lg',1
2 3
1,1 iff
a 3U
3H4 asy
.1 3
n n
3; 37
4."m 40.,
111ft 10ft
1 1
1H IS
i 054
1 1
lft lft
10 10
lA
n:i (14
33 33
iff
r.
l'i
W 14 lJ
lli lift lift
15
13
a
1H
23
7
8ft
18
50
75
33.
A
16VJ.
2U
25
14 .
."
15
13
3
17
23
!
if
50
75
33
8ft
"J
7A
it.
23
14
,?
1.1
10
7
37
12
lft
Utah P & L, Co 6s
4000 .... 80ft
Virginia Rallw's Es
2000 .... 82
Wabash R It Co 1st
5000.... 87
9000 .... 87
West'n Maryland 4s
6000 .... 52ft
3000 .... 52ft
West Shore R R 4s
1000 .... 71
Wheel Jj B Ry 4s
2000 .... 63
Wllsoln Co cv
1000 .... 01ft
10000 .... 01ft
Wis Central Rly 4s
1000 .... 00
Wis Cerr Sup & Dul
Dlv & Tenn In
2000 .... 10ft
6000 .... 17ft
Russian Govt 5ft s . . . .
TtiiK.Inn Govt Oft a ....
ON'.i
34
37
76ft
04ft
IIH
on
US
32
35
15
13
3
IS
23
7
7
-
18
r.n
75
33
14
1?
13
20
7
37
12
lft
76ft
04ft
IIH
Oft
118ft
32
33
Lib Bonds 1st 3a
Lib Bonds 1st 4s. .
Lib Bonds 2d 4s..
Lib Bouds 1st 4 Vis
Lib Bonds I'd 4 Vis
Lib Bonds 3d 4 Us
Lib Bonds 4th 4
Victory Notes 3 s
Victory Notes 4s
Hleh
05.80
00.20
89.04
01.20
00.20
02.48
00.30
07.311
07.32
Low
o-Too
00.00
80.30
00.00
80.80
02.20
00.00
07.10
07.10
1:151
p.m. .
0..42 :
1)0.20 ,
80.40
01.20 i
00.20 1
02.48 ,
00.34
07.32
07.32
SPOT HOUSE BUYING
SAVES COTTON PRICES1
Early Pressure on Active Post-'
tlons Causes Drop of 27 1
to 28 Points
COTTON RELT WEATHER CONDITIONS
New York. March 2 Tha followln
temperatures wera recorded In the cotton
belt thin mornlnc: Chattanooga. Knox,
villa and Nashville. 28: Macon. Aurusta
and Atlanta. 30: Thomasvllle. 82j Mont
aomery and Wllmlnsion, 84: Memphis,
Meridian. Charleston and Jacksonville, 80:
Oklahoma, Vlcksburc Savannah and
Tampa, S3; IJltls Rock. New Orleans and
Pensaoola 40: Bhreveport. San Antonio
and Fort Smith. 42: Abilene, 44: Corpus
Chiistl. 50. and Galveston. 56. There
was ,12 Inch of precltatlon at Oklahoma
City.
New York, March 2. On selling by
Wall Htreet nnd poor cables, the cot
ton market opened 4 to IB points lower
tbl morning.
There also was pressure from room
sources, which increased nfter the start
until active positions had dropped
about 27 to 28 points under last night's
close, when purchasing by spot bouses
temporarily checked the decline.
Late private cables said that the im-
Jrovcment in sterling exchonrc was a
actor in weakness at Liverpool.
Receipts at the porta for the day
were estimated at 2o,000 bales, against
20.601 bales a week ago and 10,871 a
year ago.
Test Todays U:00
ojpsa open a. in.
)M0 88.10
t t
'V ..,,,....,.' Si.tO 84.80 84.60
,. Mi" ( ''ii J2.SJ 82,22
How Others
Make Money
by using "Market Strat
egy" in the selection of
their securities is clearly
explained in a booklet
which is yours for the
asking. Actual examples
given. As the edition is
limited, call, 'phone or
write at once.
Ask for Booklet T. U.-830.
JONES & BAKER
SECURITIES
Widener Bid?., Philadelphia
Phones Bell. Walnut 6065
Keystone, Race 2290
Direct Private Wires
Offices in 8 Principal Cities
The Standard Safe 6
Investment of the Nation
THROUGHOUT the 38 years of its history the House of S. W.
Straus & Co. has been a pioneer and leader in the develop
ment of a type of investment bonds which are unimpeach
ably conservative and fundamentally safe.
Today the type of investment bond which has been developed
under the Straus Plan stands as the standard safe 6 investment
of the nation. This merited place has been gained and has been
held by these bonds because
They are intrinsically safe;
" They pay the attractive rate of Q;
They have never known a failure of prompt payment in both
interest and principal on the day due;
They offer complete freedom from care, responsibility and
management;
They are not affected by market fluctuations or manipulation;
They are exceptionally free from the effects of labor troubles,
economic changes and governmental regulation;
They afford opportunity for the widest diversification, as well
as choice of maturity dates;
They are backed by the thorough-going service of a completely
equipped, nation-wide organization.
These securities sound first mortgage serial coupon bonds, net- -ting
6 with. 4 Federal Income Tax paid will give you the
same satisfaction and safety that they are giving today to more
than 30,000 well-pleased customers throughout the country. Our
booklet, Safety and 6, will tell you why. Write for it today.
Ask for
ki.
CIRCULAR 343-Q
S.W STRAUS & GO.
KSTAIILISIIKD 1883 INCORPORATED
STOCK EXCHANGE BUILDING, PHILADELPHIA
JOSETII n. RCDIN, Rnldent Manater
HORTON
CLEVELAND
NEW YORK
WASHINGTON
MILWAUKEE
11UFFALO
DETROIT
INDIANAPOLIS
CHICAGO
MINNEAPOLIS
HAN FRANCISCO
PITTSBURGH
Thirty-eight years without loss to any investor
New Issue '
$2,400,000
The Cincinnati Gas & Electric Co.
Six Per Cent. Three-Year Secured Gold Notes
Dated December I, 1919.
Due December I, 1922.
Redeemable at the option of tho Company as a whole or In part, at any
time on thirty days' notice, at 101H on or before December. 1. 1920. at
101 on or before December 1, 1921 and at 100 u, thereafter, pluu accrued
Interest.
Tfus following information is summarized from a letter signed by Mr. Charles D.
Jones, President of the Company:
Property: The Cincinnati Gas & Electric Company owns the gas and electric
. generating and distributing systems supplying Cincinnati, Ohio, and a number of
adjacent suburban communities. The company owns one of the largest and most
modern electric generating stations in the United States, having a presenfinstalled
capacity of 60,000 K. V and ultimate capacity of 140,000 K. W. The Com
pany is now installing and equipping a third unit of 30,000 K. W., which will
give an installed capacity of 90,000 K. W.
Security: These notes will be secured by deposit of $3,000,000 of the Company's
First and Refunding (now First) Mortgage 5 Gold Bonds, which in turn are
secured by a first mortgage on substantially the entire properties of the Company.
Earings: On the total funded debt of the Company income applicable to interest
charges is equal to over three and one-quarter times the requirements.
The 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 for over 66
years. The present rate of 5 has been paid since 1910. The market value of
the stock at present quotations is over $25,000,000.
We offer these note, when, at and if issued, subject to approval of counsel.
Price 97V2 and Interest
t YIELDING 7
J. & W. Seligman & Co. A. B. Leach & Co., Inc.
54 Wall Street 115 So. Fourth Street
New York Philadelphia
L
New Isauo
FRANCE
5 Internal Loan of 1920
Free front all French Taxes
Redeemable at 1 ,500 francs
per 1,000 franc bond.
Cost during the past week,
about $70.
Cost in dollars, if exchange
were normal, nearly $200.
Possible profit approximate
ly $125.
Subscriptions received.
Ask for Circular No. 7309
Bonbright & Company
MORRIS W18TAR STROUD, Jr.'
Manacer
437 CluaUtit St, Philadelphia
New frU ateetou' qUcaao Detroit
WE PAY YOU
BEFORE WE COLLECT YOUR
BAD DEBTS
THAT'S what "London" Credit
Insurance is. It is absolute insur
ance, under your policy, against loss
from bad debts.
And you do not have to "hope" we'll collect
it, while you wait indefinitely for your money.
You ncu you'll cet your money, and you
know aiAen whether we collect it or not.
VC'hen one of your covered accounts Is not
paid at maturity, it Is construed to mean a
"loss." Any excess of your normal loss the
"London" pays within forty'fivc days, and
each succeeding covered loss within forty
five days after it occurs.
Why not cet the particulars of our policy
today? You arc under no obligation in asking.
OUR SUIET
SERVICE
Losses Paid In
American Currency
AT"VOUR
SERVICE
Established
Eighteen Sixty-nine
LONDON GUARANTEE AND
ACCIDENT COMPANY LTD.
K. A. UW1NO, General Agent
M0UFrVtuBU
Phone Lm'utJ 401o
PHILADELPHIA. PA.
fWatiMMeMWeUWeMMamtteWeW-f
Sunbury Salesman
anx ous to ret In touch with "Ur"!ln 1
there permanently If ho w?r allured n?
?.nr"men?POr,Unl,y tor "ti. S.T'.SJ
a &ah,?hn.. ,c.,nOr,nUe'?h?l.,ho0'uVe,0
tlon. and who. In addition! weflfh.'
amhltlnn. enthualaam and Intemcenea iS
,tJV"ril5,Ze,ta ot '' "EWS
STven""1 ' 0t 0Ur froducu im Uu
In ypur reply atate ae, helht. w.t.hi
A 3ns, L(ler Omc.
Klert Preparation und
Hrtlrw of
Income Tax
Returns
Phon. Filbert 21S0
BENJAMIN ROBIN
(Formerly xcith Uur, ft, Kev.i
Coneulllnr Accountant
Y on., D. O, Ntut York, JV. V,
Free ofAll TnvM
City of Scranton, Pa
Municipal Improvement 4jb
Innml?Iwch ni September
Due 1932 to 1935, Inclualra
PrfcM e YfeW .449
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