i
r
W:
k tMnt
.
wm
vt
mi
P
v
ltl
Wm . 11
''. M. , All?
,- r -iv.
.
;?."
.A ,"'
NjjtX iV
rt..4hta. .
&VfcOTtf' :blio 'icfcSi
,;
"- -rS,"TS r "i -".',, vwt'jp "jrrt nii'T . aV
The Service We Render
IV. Personal Counsel
EVERY client has the continuous privilege
of conferring with us on any investment
matters at any time. For consultation work
of this kind, we maintain a corps of experts
in all lines of investments and of finance.
CONSTANTLY, throughout the 'year, ques
tions of importance arise in the affairs of
every investor, even when he makes few
changes or adds not at all to his investments.
I' ' Expert counsel and prompt decision are
always of supreme importance to the man or
institution having capital at stake in invest
ment securities.
COUNSEL of this character is of inestim
able value when the client has new funds
for investment or is considering the pur
chase of new or unseasoned security issues.
BOTH individual investors and financial
institutions constantly come to us for opinion
or advice regarding their ever recurring
investment problems.
ARE you interested now? This feature, you
know, has the greatest possibilities for you.
Let lis tell you more about it.
Moody's Investors Service
JOHN MOODY. FtnUmt
35 Nassau Street Upt- -l New York City
NKHlMEKmLrHlID
We are equipped to do the
work at your plant and ave
you the expense of long tie-up.
riiono Wat. IBM and Main 9114
lw ZI2-2Z2S.DARIKNST.
lnrfmMHtKUl.
ZUt-222 S.OARIKN ST.
TVieGRIFFIN SYSTEM
of PROTECTION tt
in the outgrowth of an ex
perience of 31 years in the
SECRET SERVICE
of the U. S. Govt.
PROTECTION
lndo. trial. Dank. Financial. Itnat
nr, Pcreeual, Inveallcatlon..
THE MATTHEW GRIFFIN CO.
Matthew V. Or'ffln. Prcs.
Terrr Dldf. Ibon Spruce 00U-40U
Lm
LONDON STOCK MARKET ,4
Moderate Proflt-Taklna In Grih'ti
Trunki Oils Weak v
London, April 6. Forced liquidation
caurod weakness In some oil aharea on
the stock exchange today, Shell Trans
port selllnr At 10 , Mexican Basin at
10 1316 ami Burmahn nt 1S(
There was moderate proflt-taklnic -In
South American rolls and Grand
Trunks and dollar securities tvere
weaker. Industrials received support.
After advasjelnjr In sympathy with' New
Tork the cllt-edfreri aectlon reactedA
Genorally. the markets we're Irregular
with changes In prices moderate.
Advance Price of Refined Sugar
Nr York. ADrll 6. Arhucklo Droth.
I em today named a price of 16 Vie, leas
z per cent casn, ror nno granulated tor
shipment this month. This Is an ad
vance or :c a pound over ths firm a last
previous quotations. Otherwise the rr
flned market remains qulat and un-changed.
..fc.i.Mifr
XL' - r "'
V V l i" Mi? i-v '
;'f ,-f
f
''' ,'
A t, t
Ail '
i r
'
;tt , VJ? tltti i$"4
I
iStwJii
YV.
j.
?tt
smmwimmmmmmmmmuvtam
"LONDON" CREDIT
INSURANCE TO BE SURE
THATS just it to be SURE. The one
thing of your business you are not sure
about is the matter of your credits. You
have protected yourself as far as possible
egainst other contingencies fire, death, etc.
But your credits are a matter of belief or
hope. Mercantile ratings may be good Guides,
but they offer no guarantee. Collection
agencies cannot Ttrally do more than your own
collection department.
But, Credit lruurar.ee in the "London," give
you absolute protection against losses from bad
debts. You don't live on hopes or promises.
You kn") you'll get your money, and yon
know alien you'll get it, whether we collect
it or not.
Why play with uncertainties a day longer?
To be sure, ask for the particulars of our
policy today.
OUR SUPEIV
SERVICE
Losses Paid In
American Currency
&tBk
AT YOUR.
SERVICE
Established
TfjjV Eighteen Sixty-nine
LONDON GUARANTEE AND
ACCIDENT COMPANY LTD.
R. A. IRVING, General Agent
Thonc Lombard 4C16 J.O Lil iychc Bids.
rHH.APH.rniA. rA.
IBB'
Let us tell you about thft '
KOMPAK
Gas Water Heater
It automatically furnishes hot
water as fast as the cold.
At the Armory
or
C. H. EHRENZELLElt
18 S. 7th St.
TO HOLDERS OF THE
Fort Wayne, Van Wert and Lima
Traction Company First Mortgage Bonds
Default in payment of interest due on the first day of
January. 1920, upon the above bonds of the Fort Wayne, Van
Vert and Lima Traction Company has brought about a situa
tion such as to suggest the necessity of forming a Committee
to protect the interests of the bondholders against possible
t-crious loss The undersigned committee has been formed for
that purpose in the belief that all interests of all holders of
these securities can be best and most economically served
through joint co-operative action. You are. therefore, asked
to promptly deposit your bonds, with all unpaid coupons', in
cluding that of January 1, 1P20, attached, and return one copy
of the annexed agreement, duly signed, to either the Fidelity
Trust Company, .125. Chestnut Street, Philadelphia, Pa., or
Peoples Savings and Trust Company of Pittsburgh, Pa., the
depositaries selected by the Committee. Negotiable receipts
in the usual form will be issued for deposited securities, which
must be duly executed for transfer. The committee reserves
the right to close the time for deposits.
Dated Philadelphia, March 22, 1920.
T. H. Ath-rton. Secretary.
S3. Chrntimt "(.,
rhllmlriphU. r.
Eduard Hopkinson, Jr.
Counsel
lttofltiirirfc:
Fidelity Trust Company.
rtiiladrlplila. r.
Peoples Savings and Trust
Company of Pittsburgh,
rttl.bunli. r.
J. C. N'eff. Chairman,
Ftrirlltr Trutt Tompanr
Philadelphia
(ieorge K. Johnson,
Prnn Mutual I.lf Iniirnr C..
rhllndtphU
George deB. Greene,
K. II. Kollln A Hon..
New York Cltr
Thomas J. Walsh.
E. If. Rollln S. .Sona.
Vrw York CUT
A. C. Robinson,
roiIrt iutnck iinrl Trnt Co..
ritMburch
The
Charm
of Brick.
HAVE you ever gazed
at Old Christ Church,
near Second and
Market, and tried to de
fine the charm of that fine
old building? Plain,
simple, solid, yet graceful
what was the secret of
the Colonial builders, that
they wrought such beauty
with the simplest ma
terials? Their secret was in
knowing how to handle
common brick.
In 1920 the builder is
embarrassed by the end
less variety of materials.
In 1720 he had but three
wood, stone and brick
plain, common brick. He
studied its possibilities
with loving care, and we,
see the result today inHhe
wonderful collection of
Colonial brick buildings in
which Philadelphia stands
without a rival.
Before you build, get
your architect's opinion
of them.
KETSTONE WUCK CO.
Godfrer nr StconiJ St. Tike
NOKTH PHILA. BRICK WORKS
Rlilnr Sun and I.uierne
F. SKITTER'S SONS
Nlctown I.ne and C St.
It. M. C. H. SINKR
Church and Tacony
JOS. T BVRNE EST.
SBth and Clearfield
JOHN II EAni-ET
Nil-Mown Lnt and K, St
KRANKKORD BRICK WORKS
Torreidal Avenue
nrllu '. 18Vj
Dresden i. 9V i
Nuremherr 4, lu't
Dreaden 4H. 19V
llamliurc 4yif. IS
Morton Lachenbrucb & Co.
LAND TITLE ULDC. rillHA.
Tel. Spruce 361. Rv 30rO
New Tork Chlcaio Dttrolt ntUburth
Lawrence E. Brown &' C.
CERTIFIED PUBLIC ACCOUNTANTS
1(115 RKAI. ESTATB TRUST IIM0.
Inreitlrate and adjust. oartnerahlD a4
raruoratlon arennnt. AU prepare C ft.
Income Tax Ratura.
DUir.n WITH
VOKEVKR '
BRICK IT I.ASTS
semira'JsnczEiaiOBEmwia
If You Don't
Know How to
Study Stocks
Get "How to Select Se
curities," a new booklet
which fills a long - felt
want It not only points
out the main points to
consider in studying an
Industrial. OH or Mining
Stock, but
Analyzes Nine
Actual Companies
whose scc.uritifg seem
poked for action ' in the
market RIGHT NOW. No
business man interested
in the market should fail to
secure a free copy with
out delay. Edition limited.
Call, 'phone or write.
Ask for No. T. U.-860
JONES & BAKER
SECURITIES
WIdener Bide, PMladelphls
PhtHuBtll. tfV60G5
ttjittut, Rc 2299
Dirt FriMts Wirt
Offices in Principal Citie
Tax Free in Pennsylvania
Canadian Pacific Railway
Equipment Trust 6 Per Cent. Gold Certificates
Issued Under Philadelphia Plan
MATURITIES
1,000
t.uoo
$ l,oo
t 1.000
1.000
ui.ooii
S 1,000
fJILOfMI
tst.ooo
I.OOtl
s i.ouo
Hue
daa
dtia
duo
ilnr
due
due
due
due
due
due
Ortedrr I .
prll I.
Ortober I.
April I
October 1.
pril I.
Oct4iher I.
April I.
Octelwr I .
prll 1.
October I.
I OiO
Idtl
ID-SI
Ittt
I0J3
IU"
IMt:i
l:4
IM.l
if trU
UN
01',
niw
06H
I 000 due April
I 000 due Ortol.fr
1,000 ilur
dur
1.000
1,000 loe
1.000 due
1,000 due
1 .mm itue
l.ooo due
l.oon
Aiirll
Oetuler
pril
Ortuher
Aurll
due Orfober
tlrteoer
April
due
Arrrued nitldtnd to
I 000 due October
be added In earn m.r
I. 193
I, 11J 8
1. IIW7
I. 10.17
I. lusa
1, I03R
I, llrta
1, io:d
1, 10 jo
I, 1931
1, 1031
HIP
OH 1
& ,
DS
At the above prices, the first twelve maturities yield
approximately 6 later maturities approximately
' Special circular furnished upon reijucat.
Irujulrlea solicited. ,
i
U i
K
A.v .
n.
A 6, Investment Ex'em 4 j U'6ii ,..'.
the Federal Income Tax .' '
$4,952,000
Reclamation District No. 1500
Sutter County, California ',
Serial 6 Gold Bonds
Dated January 1, 1920 Maturing Serially, January 1, 1930 to 1940
Interest payable semi-annually, January 1st and July 1st; hotli principal and interest payable at the office of the Trcas
. urer of Sutter County. Coupon Bonds, Denomination $1000.
Exempt from Taxes in the Stale of California, except Inheritance Taxes
Tim fnltoiotng attenl ftahirr nre banrri on Infnrmnllon cnittntntd in n ltltrr nf Mcsur. Dtvlin and We villi, Sacramtnto, oivi
Moms, Jloimton nttrt 7oimioii, Woodlnnd, California, attorney for district .Vo. livo, and on our ottitt analysts of this Usue:
i
Reclamation District No. 1500 was created by an Act of the Legislature of California, approved
April 30, 1913, and comprises a net assessable area within its boundaries of 63,718 acres. This land
is 'practically all under cultivation, is highly productive, and adaptable to a diversity of crops.
During the cropping season of 1919, estimates sh nv there was taken from the lands within the Dis
trict, corn, rice, beans and other products having a value of approximately $3,900,000.
Bonds arc valid and legally binding upon Reclamation-District No. 1500, and secured by an
assessment lien, which is a first lien' on the assessable land therein, subject only to State and County
taxes.
The present value of the net assessable acreage is placed by independent appraisal at approx
imately $16,000,000. Total debt of District No. 1500, including all bonds and warrants at present
outstanding, is approximately $6,660,000.
About two-thirds of the land assessed for the payment of the bonds is owned by the Sutter
Basin Ccmpany, of which Mr. J. Ogden Armour is the principal stockholder.
These bonds have been approved by the Superintendent of Banks of the State of California
as a legal investment for Savings Banks in that State. jj
Bonds are offered subject to prior sale and change in price at
100 and interest, to yield 6
ifl
New York San Francisco
Continental and Commercial Trust and Savings Bank
1 Chicago
Halsey, Stuart & Co. Blyth, Witter & Co.
Chicago New York
Bond & Goodwin
New York Chicago San Francisco
Anglo & London Paris National Bank
". San .Francisco
The above statement ore not suaratileed. lint are be upon Information wlilch we. believe
'"' to be accurate and reliable, and upon which we have apted In the purchase of these securities.
BALDWIN AND PHILADELPHIA
The Baldwin Locomotive Works, through its more than
53,000 locomotives constructed to this date, are known
throughout the world. These locomotives in themselveB
have accomplished more than nny other single manu
factured product to help spread the fame of Philadelphia
as the greatest American Manufacturing and Industrial
City.
The Baldwin Locomotive Works
v r , . . 25,000 Shares
McCord Manufacturing Company, Inc.
ESTABLISHED 1009
Common Stock. Without Par Value
Dividend Free From Normal Federal Income Tax
Fort Dearborn Trutt & Sarins Bank,
Chicago, Tranafer Aa.nt
Continental & Commercial Trnat &. String Bank,
Chicago, Ri.trar
W. R. GRACE & CO.'S BANK
BOND DEPARTMENT
7 Hanover Square, New York
ANNOUNCES THE APPOINTMENT OF
DONALD G. ROBINSON
AS PHILADELPHIA CORRESPONDENT
989 Drexal Building
Philadelphia
BOND & GOODWIN
Droxel Building Philadelphia, Pa.
Mnnbrr New Tack. lloaUn, Chlcaio Stork Kirbantai
Than Iimbard 6O0-31SI
EI
m W& $ A A
Phona
Ball! Lombard 2525
SHEErt-fcOCK
WALL BOARD
In llieie times of labor and lumber hortao
uae Sheetrock Wall Beard. Not an experiment.
Ths Government ued over 60,000,000 feet
durirw the war. Can be- uaed In place of lath
and needs no rouen coatlnr Made of gypsum.
Won't bum, warp or nlirlnk. Kaslly cut and
nailed, Ask for samplt.
James E. Tague & Co.
10th & Columbia Ave.
Application will be made to list this stock on Chicago and Detroit Stock Exchanges
Common Stock, Without Par Value (Authorized and Issued) 125,000 Shares
We summarize herewith from a letter by Mr. A. C. McCord, President, the
facts regarding this company:
BUSINESS: The McCord Manufacturing Company, Inc., is the largest ex
clusive manufacturer in the country of Radiators for Automobiles, and
Gaskets for Engines. It owns the' Racine Manufacturing Company.
Automobile Body manufacturers; the Russel Motor Axle Company, man
ufacturers of Truck Axles, and McCord & Company, manufacturers of
Motor Castings and railroad Journal Boxes. The consolidated companies
are an important part of the' motor car industry of this country, wfiose
products are standard equipment for n large number of nationally known
automobiles, trucks, tractors and railroad passenger and freight cars.
PLANTS: Located at Detroit, Mich.; Chicago, 111.; Racine, Wis.; Wyandotte,
Mich., and at Walkerville, Canada. Total floor space, 1,186,000 square
feet ; employes, 3,500.
EARNINGSt Average annual net earnings for last four years over $804,900.
On current volume of business of $15,000,000. estimated earnings for 1920
are $1,500,000, or about $12.00 per share on common stock.
ASSETS: Net tangible assets are $4,523,536, .equal to more than $36.00 per
share on common stock.
MANAGEMENT: Business established by present management, which will
continue in active charge.
DIVIDENDS: Continuous dividends on common stock pid since 1909, ex
cepting in 1913. Present rate, $4.00 per annum payable quarterly.
AUDITS AND APPRAISALS: The books of the Companies have been
audited by Ernst & Ernst and properties appraised by American Appraisal
Company.
Price $43.00 Per Share
Merrill, Cox & Co.
76 West Monroe Street,
Chicago, Illinois
Fort Dearborn Securities Co.
76 West Monroe Street,
Chicago, Illinois.
7tr statements contained herrlii ore not guaranteed, but tire based upon information and advice which
we believe to be accurate and reliable, and upon which we have acted in purchasing these securities.
BOND SALESMAN
With EitablSthtd PbJUJslpkik
,CHenlU .VA
WANTED ,
L'f ,10.-" 7,,n one ot th.lar,et
rilrrralflrd llata In Hi. country, wlilcli
can nupplj- B ll.t of cnatomrra and
pro.peeta to tha rlit' miK,
0 S. 'Ladter Office
WNANflAT,
miFiW" .COUNTY I.IOHTINO TO.
..tir ?nt. i .,he Provlslona of th. Mori
r,n,.,.ii"'1, yhtlnr Company to th.
M-.,-l"u,.r 0n Million Dollar. Flnt
(.'.m if80.' In the ?l"llns Fund provld.d by
Oftara of aald bonda ar. Invltwj. at a pric.
Ui - .WCM. pr' corurd Inter.. t and
pr cent premium rVa rd t.ndara ahouH I;.
r.il to th. Phllad.lphla Truft Co"
fZ;..??.'- Slnklna- Tund. Alexandria
County LUrhtlm Company. Liberty Hulldlrr.
a i .,c',rnfr.Br?.dt"ni1 Cb.itnut tc. ThlN
djlphla, an J 1 wl I ba r.clved until 3 p. m.
Htdneadar. April 11, IMo.
rHirDKLPHIA TnUST COMPANY. Trui-
Philadelphia, April 6, 1920,
Exempt from All Federal Income Taxes
6
Municipal Bonds at Par
To M(ur. dtmifif clii-ulari rul thit out ant
mail toiay ii jour nam and adii.it U
The Hanchett Bond Co.
Incorpclal.d It 10
SI South t-aMU Sir.. I, Chicago L'U
r.a..;l.ai. Il.p ('- 0. IIOUntNS
Hi rarrr Witt riiUidf If UU T.J. Sfrut. iW
American Ice R. C. 6a, 1942
Anglo-American Oil 7s, 1025
B. F. Goodrich 7a, 1025
Laclede Gaa Lt. 7a, 1029
Phlla. Electric 6a, 1922
Phlla. & Sub. Gai & Elec. 5, I960
Sun Co. 6a, 1020
U. G. 1. Gtf 1921
MCownsCQ
lNII TITI.K IIMXI., I'llll.A, '
Jlcmbera rjilladtlplila Hlotk Birliania
Securities
for Investment
JosepKW.Gross aCo.
1421 Chestnut St.
Correspondents
Aldrsd Company
TI,r'ir"i''ir.8.rM'.c?,nt iwo Not, .t
Isotlc. la h.r.by alvrn tint hTmulr. SUt.
rtallroad Corooratlon hi. elected to cay ill
of the afore.ald note, out.tandlnir on th.
lat day of May. 1010. toaather with th In
tereit thereon maturing on that day under
mo inn., u. iu jiom, int.reai will real.
on aald let day of May, lOJO. hereby Hied
for aald payment. Tha under.laned reaulrre
that the nct.a be pre.rnted on May tat. lOl'O,
for payment at the office of The Kqultable
T.ru;.t 9fnlW.n?i f Nw. TVk. trut.e.
at No. ST Wall atreet. In the city of New
York. N. Y.
uain f.vrruFc ,-j. y March no. 1020.
BMPJBR RTATB 'All?nOAD
CORPOnATION
By S. C. BTIVBnS.
Secretary.
Annual Meetlnra
thb MrainKBd or Tiiis.riiiirjKi.rniA
ContrlbnUenahln tn tha Ininraoee ef
rioueee f ram Lo of .Flra ar. notified thai a
a.neral meetlnr of the contributor, wit. t.
h.ld at tha ofljea, 313 L South Fourth atieet.
pn ifonday. the 12th day of April, at 1
o'clock In the afternoon, to choo.e dlrectert
and a treaaurar In accordance with th. cut.
t,n J. BOMERS 8JIlTir. fiecretar.
March g IM".
VI58TtOnEtNl COAr. CO.UPANJ,
Offtcei 2t4 Mouth Third fit.
Philadelphia, March S3, 101),
The annual m.itlnr of th. .lockholdtia ef
the We.trooreland Coal Company will hi
h.ld at tha olflra of the cornpany on Wed
nradar, April 7th, lOJO, at 12 o'clock neon.
for the election of three director, to one
three year., anl for all auch other buelnm
aa may properly come before the meetlnr.
" HOWARD n. YBAnALBY,
Setr.iirr.
Pronoeala
rnOPOHALS FOB DMIKKSIIIRTH-omc.
of the Quartermaeter Ueneral, Clothlnc anil
Koulpage Dlvl.lon, Munition, llulldlni.
Waahlnrton. D. C. Staled propoiai. lit
duplicate will be received here until HM
a. in. April 20, 1M0. for furnlahlna all or
ny part of 2AT.:s aummer und.rahlrti.
Infonnallon on requrat
rROrOSAWI FOR DRAWKB.V-Oltlce th.
Quarterma.ter Olneral. Clothlnf and
Koulpeae Dlvl.lon, Munition. Bultdln'.
Waahlnaton. D. C Sealed propo.al.Tn dupli
cate will be received here until liOO p. m.
April 20. 1020. for furnl.hln all or any
part ot 200. ooo aumra.r drawer. Informs
tlon on ren'ie.t.
MANUFAOTURERB AND, KSTABUSIIKU
Iir.ALEJtS d.ilrtnr to bid. for auppl. (
the State Hoipltal for the Inaane. Dantllle.
Penna,, durinjr the year bealrialnj Jun. I.
lUSK can addreai the under.lin.d. eltl"l
what clan ot ooda It la propeied
lurnl.h. H n acnu,(TZi ai.ward.
DlTUend.
KNN9YLVANIA HAlt
rutoima -or in. ,wru u, "t---.
a day a quarterly dividend
li. i0. Chec.ewTl. be jaaHrd.
I IV VI I IP. (I V I'll
MANUrAC1
At' a. ruMtln o
cell inn
nil nut.
April I. ivu. to atoc
Majch ti, 1920. Checl-e
h: T
-J
tsss
a
,f, - -
KVI
-
Kt.-
. . K ,
' .v
Vk
.
r . .
J'i
ak'T-li,..,
ir-ttbi.tJlM.
iiT
. v
PF;
.' . -I
Ci.,mij.i.'if!n
.
jt