r i-'tr !.. AK v .ti ir a . . l WBMtfPOT APKITJ & 1920 'I V ...... .f, V -J. w,, . . A . .iiii - i r ' ' ....--. - -- .- 1 " ' ' TTfT " I9i SALES or CAMPAIGN MANAGER WANTED U2 000 income to organize ,Bj' take entire charge of ' tilet force to market naw iuue of atable industrial atock. Rural -ropoilllon. p.r.. .ire aalea plan. Philadelphia office- Permanent connection with firm upon C0BJPletIn of campaign. Keen salesmanship I, paramount issue. Full data 0f applicant must be given to receive consideration. Address ,C 51S Ledger Office. CITIES SERVICE COMPANY IUNKEKS SIIAnCS DISTRIBUTION NO. 11 Henry')!-.. DOherty ft Company an "0n that tha 14th monthly dlatrl. button on Cities Service Company Hankers' Bharea, payable Mav lit to holderii of Bankers' Sharea of record shVre 18lhw,u 83'B cal 5 R. B. CARR Accountant and Auditor Specializing In all INCOME TAX MATTERS Former Income Penna. Dlda.. Tax inspector Philadelphia Low $3.20 LoWf lcent ENGLISH POUNDS Today Former Value HM $4.87 GERMAN MARKS Today Former Value 1 1-2 cents 23 4-5 cents Marks offer excellent speculative possiblllilics ;. WE SUGGEST THE PURCHASE OF GERMAN CITY BONDS selling today at about 1-15 their former value All cities paying interest. Bond fluctuate with the price of marks. ',, Full detailed circular on request P. BOO Farson, Son & Co. A Members New York Stock Exchange 118 Broadway, New York. HI! film MHMHnra Columbia Gas & Electric Company Special Letter on Request WILLIAM W. COHEN & CO. Members Stir York Stork Exchange 67 Exchange Place, NEW. YORK CITY x NEW YORK BOND SALES Summary of Individual Transactions on New Yorjt Excliango tSAI.ES IN S1O0O rrom Openlnr Wntll t P. M. (N. Y. Time) Adams E 4a 1 RRU 2 MM Am B ft n He 3 SIV4 Am Tel & T Char Ss 2..... 80 "i Am T 4 T clt 1 78U Am T & T Bi .1 80 2..... 70 .1 79 6 70M Am T h T (la 10.. .. JIB Ani-French Be 25,. 38.. IB.. 1.. R.. 45., 8.. OStt 98 H 88H 08 H 8SV4 08W .88H 8 H 08 U 08 H 08W 10. 3. 18. 25. 78. Ann Arbor 4a 1 BB 2 BB -' 55 Armour 4 ',4 a 5 81 A T ft B Fe 4a BO 75 Atch T ft S Fe nj 4a 8 OStt All C line clt 7 67 Atl Coaat I. 4a 2 76 U D ft- O P li E 4WV8rH l B5: Bait ft Ohio cv B 01 i 10 01 8..... 01 n ft Ohio 3 '-is 2....: ss Bait ft Ohio 4a 1 00H I) 01 2 01 1 01 1....7-M Halt ft Ohio Ba 2 68 2 68 6 02 Bait ft Ohio 6a msBammmmmmmam j If i (i 1 85 1 84'i 4 844 1 84H 1 84 S 1 84i 2 84H 7 84 ; 1 84i 1 84 i 1 84'i 1 84 B nap Trn 7a 4 40V4 Can Sth'n Ra 1 83 U C nn of NJ 6a 1 HTM "J 07i Cent Pao a '4 a 1 80 C ft O cv 4'4 0 73 1 72 1 72 ft 15 72(4 U & Ohio cv Ba 1 78(4 2 78; 2 78i 8 78 10 "8i 2 78 Chea ft O 4Ha 2 75 n .... 75 Chcs ft O 5a 2 01U n oi 2 01 Chi ft Alt 3a 5 40 10 40 Chi B ft q 4a 7. 2.. 71.. n 2.'! 2.. 8.. 3.. 10.. 6.. .04U 84(4 04 Vj 04 ( 04(4 04 (4 044 04(4 04 4 04 U C M ft P 8 It 50 02 li Chi M ft St P D 4.1 10 60(1 Ch M & St P am 4!4 a 1 68 2 68?4 1 60 Ch M ft St P cv 4(4a 1 70 Chi M ft S 1' cv Ca 1 68U Chi ft N W am .... 74 O ft NW B 61 i S4 Chi ft N W'n ar os 5 C n I ft 1 3. 6. 2. 1. 8.' C It 6. 10 90 v ta ... 05 (i , ... 05l . .. O6I4 ... 08S ... 65(4 ... 05i ... 6414 I ft P 4a ...71 71 Chile Cop'r 6t D 70 1 70 'U 4 70 v; cnne cop'r 7i IB.... 103 10.... 103 15.... 03 5.... 103 1,... 103 15.... 103 Chines Qvt 5a 1 40(4 1 46(4 25 46(4 2 40(4 City Bord'x 0a 1 80 City Lyona 6e 1 80 1 80 City of Mar 0a 5 80 I..'... 80 CNT4Ua '60 1 92 C N T 4(4 67 10 97(4 8 08 City Parla 6e 80 T4 00 80 14 8014 89 80 SOU 40... 7. . 21... 15... 1... 1... C C C ft Bt I. am 44a 1 67 Col Indust 5a 1 73 Colo ft S 4t4i 5..... 72(4 2. A.. 73 Con Oaa Co 7a 100 1... 1... 8... 5... 5... 6... 5... R... 1... 5. 10014 101 101 101 101 101 101 100 101 100(4 Copenh'n B(4a 1 70 Corn P Pet Co 5. of '34 1 08 I Den ft n Q M 1 40 0 40 10 484 6 48 20 47 1.,... 48 Den ft n O 4a 2 02(4 Den ft n O Ba 1 60 4 69 Dtuniy4(4s 5 64 Dom nep'o Cs 27 83 0 84 0 88 10 84 D Can Sa '21 1 07 1 07(4 8 07 D Can B4 '21 1 08(4 4 08(4 D of Can '20 2 92 1 02 Dom ot O '29 .. 2.. 10.. 10.. 1.. 6.. 4.. 17.. Erie prior 4a i B8 Erie Gen! Lien 0 43 Brie nn cv A a 88 8 88 Erie n n cv B 1 38 Oen'l Bleo Ba 1 8814 Oen'l Elto 6s 05 (i 96 9414 0414 041 0414 0414 04 Inter Met 4(4a jiu jo r 10 (i 18 . 19 . 78 Qr 4a ... 64(4 ,. 64 .. 64 ,. 64 ,. 84 .. 04U ,. 04 ."04(4 10 no.., 1... 1... Imp J 1... 5... 23... B... 8... 1... 1... 9... I Acr Corn Re 2 81(4 1 65 U Kan G T'm 4a 1 0814 Ivan C Ft B ft Memp 4a 2 63 1 63 K City 80 Sa 1 64 Ran C ft B 8a fl 60 1 69 1.8M 8 4.81 3 81 1 81. Lehlth Vat 6 2. 1... 10... 2... 2... 2... 15... 1... B... 1... 8... 1... 5.. .8.. 7.. 1.. 8.. 4.. 1.. 15.. 98 00 00 00 00 00 00 99 (i 00 09 00 90 00 99ii 90 09 00 99 00 00(4 00(4 2 00 C 90 Oreen Bay ft 'W'n niy B 2 0 O't N niy let 1 80 Havana n fia 1 84 Hud ft Man In 1 22 6 22 1 22 0 22 2 22 i -Hud ft Man fd R 50(4 10 BO 2 B0 (4 1 50 2 B0 III Cen Chi St t ft N O 6a 16 80j, III Cent 4a '62 4 68 'i III Cent 4a '53 2 65 8 66(4 III Cent 6a 2 00 Imp J Qv let 1 78 3 78 2 78 " 78 10 78(4 6 78 NEW ISSUE: $370, f?' X 1,000 FIRST LIEN Equipment Trust 7 Gold Certificates of the Bigheart Producing & Refining Company Tulsa, Oklahoma Free 'from Normal Federal Income Tax up to 4 $30,000 Oct. 1, 1920 30,000 Apr. 1, 1921 30,000 Oct 1, 1921 30,000 Apr. 1, 1922 MATURITIES $30,000 Oct. 1, 1922 30,000 Apr. 1, 1923 30,000 Oct. 1, 1923 30,000 Apr. 1, 1924 $32,500 Oct. 1, 1924 32,500 Apr. 1, 1925 32,500 Oct 1, 1925 32,500 Apr. 1, 1926 PRICE First four maturities, par and interest, to yield 7. All other maturities to yield 7.25. SECURITY: These Equipment Trust Certificates.. constitute a First Lien oi 200 new, standard, all-steel tank cars having a market value of $605,000, or about 64 in excess of the total.amount of the issue. CAPITALIZATION: The Bigheart Producing & Refining Company is in corporated under the Laws of Massachusetts, and has an authorized capital of $7,500,000, of which ?4,500,000 is issued and outstanding. The stock is on a dividend basis of 10 per annum and is listed on the Boston Stock Exchange. On the basis of current Boston quotations, the out standing stock has a present market value of approximately $4,950,000. PROPERTIES OF THE COMPANY: The properties of the Bigheart Pro ducing & Refining Company arc conservatively valued at over $7,000,000. The Company owns approximately 15,000 acres of valuable leases in Okla homa, Texas and Mexico, having a combined daily production of over 40,000 barrels of crude oil. Thq Company's manufacturing properties consist of a modern, complctely.'cquippcd refinery with a capacity of 3,000 barrels per day, paraffin wax pressing and finishing plants, a lubricating oil filtering plant and a large casinghcad gasoline plant. The Company also owns 160,000 barrels of steel storage capacity and over 70 .miles of gathering and main stem pipe lines, and operates 380 tank cars in the marketing of its products. Tlie uniformly excellent record of Equipment Trust obligations, from the standpoint of safety, .marketability and prompt payment at. maturity, has Kven to security issues of thb type a rating not surpassed by any other medium of investment, and we recommend these certificates of the Bigheart Producing & Refining Company by reason of their liberal income return, the standing and responsibility of the obligors and the unusually large equity in the underlying security. Deicriptive Circular on Rcqurtt Hyney, Emerson & Cb. .Municipal and Corporatjon. Bdnds 39 S. La Salle Street Telephone Randolph 2521 Chicago i i.... i.... 8.... 1.... List ft 4.... 3.... L, ft 1 00 06 00 96 96 M Ba ...80 ... 85 Myera 7a 104 L lal R n fd 8 03 Lorlllard C Be 1 83(4 Lorlllard C 7a 0 It ft N Mono 4a 1 0 Lo ft N al 0a 1 08(4 Louis ft N 4a 2.,... 70 Minn St P'l 8 Bte Marie Ba 3 01 Mo K ft Tx 4a 1 57 Mo K ft T Sa 1 27 Mo Pao Ba '65 4....'.' 79 1 79(4 Mo Pao cm 4i 1 B5(4 n.:... 55 4,...B5 2....r 65 1 65 Mont Cent fl. 1.... 10414 N T Air B 0a 1 08 New O Tex ft Mex Ds 8 50(4 N Y C ft II B en 4a 1 68 1 68(4 NTOaJin R R E(4 ' 2 60 1 66 0 OS 0 60(4 N Y C ft II n R R 4s 2 74(4 N Y C ft II II R R 4a 2 76 N T C ft II n n R6s 2 90(4 91 00 80(4 89 80 89 88 1.. R.. 3... J.. 10.. 10.. 3.. N YCLB 3(4 1 50 N Y Cent M C d 4a 5 77 N Y C ft St L D 4a 7 68 N Y C ft St Louis 4a 2 77(4 2,.... 77 N Y N It ft II 3(4a ot '64 1 48 NY N Hftll 6a 20 78 1 78(4 7 73 DTLtWOi 3 9014 N Y Rally of CalN.68 4...V 93 N Y Tel'o 0a 8 05 fl 95 1 04 Korf ft S 6a 1 B5 N ft We.tn 4 1 1...J. 73 2 72(4 No ft W cv 6a 10.... 100 10.... 100 6.... 100 3.... 100 2.,.. 100 0.... 100 No Paclflo 8a 2 B2(4 No Pao 4 (is 2 74 O Short L 4s 1 80 1 80 1 80 Pao O ft K Ba 1 77 8 77 6....f-77(4 Pao Tel ft T Be 2 85 Pa R 4a ot 43 3 81 Penna en 4 a 2 DO 60 80 Pa rnirm 4 2 1... 2... 4... 1... R... 2... 3... 3... Penna 10... 1 78(4 . 75(4 . 7B . 75 . 75 . 7B14 . 76(4 . 70(4 . 70 RR Ra . 84 84 84 4.X. 84(4 !... -84 4 84(4 Phlla Co cv 1 88 Phlla Co Ba 8 93 Readlnt R 4e 2 78 n I A ft L4'4 1 02 3 62 10 02 Seabd A I. fd R 44 1 45 1 45 St L ft S F a 1 01 1 01 St L ft S F In 2 40 5 40 4 45 11 46 B 45 St L ft' San F Series A 2 B8 3 68 57 67 07 67(4 08 San F 1 15 St L ft Series B 2 68 1..... 68 l..r.. 66H St L ft San F Scries C 1 88 1 . BKIA St L, ft I M 4a 5 73 1,.... 73 2. 73 St L Peoria ft N W Ba 5 87 St L S W lat 1 63 1 62 So Bell Tel Ba 1 82 So Pao Term 1 70 Sou'n Pac fd 10 73 So Paclflo 4a 1 08 B'n Pae cv Ba 10.... 101 10..,. 101 Sou'n Rly 4a 2 87 1 B7 1 57(4 Sou'n Rlya Ba 2 83 1 83 2 83 Union Pac fd 1 72 5 71 Union Pao 4a EASY MONEY IS i. i,. l.. 4.. 4,. 1.. 2,. 80 80 80 81 80 81 80 Union Pao 6a 25...... 08 IB 08 1 08 1 08 1 08(4 R 08 B 98 UKOOl '21 10 95 5 04 16 06 3 05 IB 94 80 04 R 04 S 04 u k a n & i rets '22 B 03 2 08 1 93 R 03 2 03 B 03 1 08 UKOmi rets of '29 , 12 01 1 01 25 01 2 01 1 01(4 V K a B I 37 10... 1... 23... 1... 1... 1... R... 1... 6.. 88 88(4 88 88 88 88 87 88 88 U R Ssn Fran eqct 4s 10 20 8 27 U B Mexico Ba- 1 87 2 37 V 8 Realty 3a 2 83 2 83 2 84 U 8 Rubber 6a 1 84 1 83 1 84 8 84 1 84 U 8 Rubber 7s 2.... 100 O 8 Steel 6s .. 1. 00 , 00 ,.00 00 , 00 90 00(4 00 00 1... 2... 5... l.. 1... 1... O B 3 M ft n Co 0s 1.... 101 Va lUtlw'e fia 4 78 4 78 1 78(4 Wabash R lat 10 83 Weatn Elec Ba 1 03 Weatn Pac let 2 81 1 81 10 81 Weet'n U 4 1 78 Wilson Co 1st 1 05 Wlleon Co cv 6 01 1 01 1 91 Wla'n Cent 4a 1 40 Wla'n Cent 6s 3 07 Tllph Low Lib , Bond 3j... 00.00 00.80 Lib Bond 1st -Is. . 01.C0 01.30 Lib Bond 2d -Is... S0.-10 80.150 Lib Bond 1st 4ih 01.70 1)1.40 Lib Bond I'd 44h 80.70 80.0 Lib Bond !ld 4 Vis 02.80 02.00 Lib Bond 4tb 4Mb 80.72 80.00 Victory Note Hn 07.80 07.00 .Victory Note 49is 07.80 07.00 BIG BULL POINT t- Many More Stock Dividends Said to Be Undor Serious Consideration "So long as money remain? nt 0 per cent, prices ot stockn arc bound to go up," wns thorcmnrk of tho senior part ner of a central bankinc and broker oro house. When asked how long he expected coll money to stay at that figure, ho replied that tho answer' Is "on the knee of the poda." "Thcro is," be sold, "as much in Side manipulation of tho money market as thcro is in certain stockn which need not bo mentioned." The enormous amount of free money In the hands of certain bit; financial institutions. In New York here ho named nomo six or seven If subject to a combination ; nnd there ii no reason, he remarked, why wc should not conclude that thcro arc such combinations, is sufficient to put the control of the New Tork money market at their mercy. He said ho believed these concerns could "rig" tho money market what ever way they liked. Just now, It is evidently to their advantage that money should be both plentiful nnd easy. interostpil In rhi mnttor nnd hnvp tlrin it little attention. All they Hccm to have gtcn'ncd from what they have heard and read Is that, ns one banker put it, two men have had n fight, ono of them well known, the nomo of the other doubtful or the subject of guesswork, that they havo "kissed nnd made up again" nnd in the meantime tho papers havo given a good deal of frco -advertising to tho taid two men nnd toa certain stock. This banker said that while ho Is not complaining, the fact that ho and others arc giving a lot of their titno nnd some money to such matters ns the housing of the poor, not a word is said nbuot their meetings or their work in the papers. Thcro is some talk about prospective stock dividends iu connection with cer tain stocks, nnd Cc-rn Products is ono of them. Some brokers say that thcro are shorts in certain other well-known stocks which arc known to have n lim ited floating supply, whoso condition is nbout as unhappy as the shorts ou Stutz. Crucible Steel, Republic Steel, The Stutr controversy is taking so much space in tho papers that it is natural discussions on tho subject should be frenucnt In thn ftnnnrint illstrlrr. Tr is noticeable that bank officials arc not ootids on the market to sell at a price and Studcbakcr are mentioned in this connection. John IT. Mason, president of the Com. raerclal Trust Co,, expects to sail for Ktiropo on April 24. He said ho has not had a vacation elncc 1010. It is his Intention to visit Great Brit ain, I'rnticc. Italy nnd such other of the European allied and nnnnlllcd countries ns possible nnd for which ho can obtnln passports. Mr. Mason expects to see for himself at first hand and to hear direct from tho people of tho several countries the matters which aro most on tho public tonguo nnd which nro und?r discussion both hero nnd abroad, When asked if he hod anything to say in connection with his appointment on the Mnyor'fi traction committee, he said that he had heard bis name was men tioned on such committee, but that is all lie knew nbout it. ' Ono of the latest of the many rumors concerning Baldwin Locomotive stock Is that a CO per cent dividend is awnlt Ing tho return of Mr. Vnuclain from Europe. As usual, with all such rumors nbout Baldwins, this particular one was said to be on good authority, but with n. majority who take even a posslnR Interest In Baldwin stock it received little attention. While the 0 per cent rate for money yesterday was credited with the buoyant condition of tho stock market, It was said that manipulation by tho pools was responsible to a much greater degree. Stutz brought 701 nt nuction in New Tork yesterday, and some nro figuring out where the shorts nro going to get off. When spenking of tho proposed finnnclng by the Pennsylvania Itallroad Co., n banker who is exceptionally well posted on the investment situation sold that unless the company enn put these to yield 7 per cent, he believed they wouiu una uiificuity in placing tiiem. He said ono of his reasons for saying so Is the coming flotation of a large number of equipment issues with which tho Pennsylvania financing will be In competition nnd, nil other things being equal, tho investors prefer equipment certificates. Among the roads which It is said will shortly issue equipments, he said, nro tho Atchison and the New York Cen tral. Tho latter, bo remarked, has al ready placed orders nnd Is considering an' issuo of from $10,000,000 to $25, 000,000. ' Bank of England Statement London, .April 8. Tho weekly state ment of tho Bank of Knglond shows tho following changes: Total rcservo de creased 1,567,000, circulation Increased 1.540,000. bullion decreased 27.692, other securities decreased 15,974,000; publlo deposits decreased 11,270,000, other scuurltle decreased 15.94,000, notes reserve decreased 1.529.000, gov ernment securities Increased 38,637,000. Tho proportion of tho bank's reserve to liability Is 14.98 per cent. Last week it wns 18.47 per cent. dL No. B Geologist's Report. Emerald Ou In the judgment of highly capable geologists, this Company lias great potential values. Its present holdings form the nucleus for a large and suc cessful Company. Mr. W. E. Grif fiths, of Pittsburgh, lias prepared a very favorable report, which sup ports the judgment of Mr. A. J. Diescher, President of the Company, and Mr. Everett Carpenter, a well known geologist, in their selection of properties. Aside from the hold ings in this country, the South American concession on 1,500,000 acres is one of the most valuable secured by any American Company. All legal details carefully attended to, and audit by certified public ac countants available on request. TVc offer and recommend Emerald Oil 7 PREFERRED Stock at $100 per share, giving free one share of the Common with each share of Preferred purchased. Send for special circular PL-E and Geologist's Report Douglas Fenwick & Co. 34 Wall Street New- York Attractive Short Term Notes Yielding from 7to7.50 Indianapolis Union Ku Vlrolirtatt Italttvau Coulpmeiit. . 37ie United Gas Improvement Co. B. F. Qoodrich Co. Conv Consolidated Tejrlllc Corp. Conv. Hair nf, C Due Dales Price Yield. r Feb. A A. 1913 J7(4- 7.00 6 A. J Oct. 10S1 97 7.99 ST. Feb. A A. lOtl 93 T.iOfc 7 Avr.iO. 1911 Oj 7,0r 7f. Avr. A O. 19tl 98(4' 7.10 Reed A. Morgan & Co. West End Trust Dldg., Phila. All pistes subject to change. Full information upon request. Members ot Philadelphia Stock Exchange B. F. Goodrich Co. Five Year 7 Notes Convertible Price to Yield 7.40 A WELL-SECURED INVEST MENT. READILY MARKET AHLE. OIVINO A IIIOII RATE Or nCTURN AND HAVING A DESIRABLE CONVERSION FEATURE. Circular on Request Parsly Bros. & Co. BANKERS M21 CHESTNUT ST. PHILADELPHIA Members Philadelphia Mock Exchange- Confidence It Is the efficient melh " ods nnd modern facilities of tho Contincntal-Equl-tablo that Philadeiphlns ' builders of business like. They have shown their' appreciation of these services nnd the con fidence that they havo in this bonk, by depositing more than eleven million dollars. Wo offer you the snmo accommodations. TJTijjT&yax Compaq? Twelfth Above Chestnut Philadelphia Capital $1000,000 Surplus $1,000,000 Over $11,000,000 Deposits tfl iuittiwiaHiiintumiuiinummiitumranmunmirnujmniHua4gijiiiuiniiiiwiiiiBll i-i -J f : Commonwealth P. R. & L. Co. Pfd. Dir. Scrip Portland R. L. & P. Co. lst&Ref. Ss, 1942 4 eiU.eiarkeo. DANKEKS 321 Chestnut St., Philadelphl Members New York and Philadelphia Stock Exehanoei 1 Portland Hwr.. I.. & I. Ra. 1042 (irorsla Rwy. 1 Ra, 19M (iirMer I'nprr Co. Sa. 1031 Halt. & Ohio 6a. 1020 Indian Tonl & NaT. 4Uo. lOSt Lelilch . R. R. 0a. 1038 HENRY D. BOENNING & GO. STOCK KXCIIANOE BU1I.DINO Direct rrlvat. Telephone to New York Member, l'hlla. mock Exchange EXECUTIVE TounR man, SO years, with IB years' bualneaa experience aa aaleaman, pur chasing acent anil aaalatant to treaaurer, desires connection with reaponalble manu facturing concern. BOX C 533. LEDGER OFFICE LIBERTY BONDS All Issues Bought and Sold $50 $100 $500 $1000 Graham, Parson JtC 435 Chestnut Street : " . Philadelphia - . ... a Exempt from All Federal Incoma Taxes ' int..!. .111....1 .n a b7umunicipai oonas at rarii ,? To iKur dttcriptUm cimdera cut ihU put and '' 't mail today ultfi your noma and oddrnt t t vZ The Hanchett Bond Co. J Incorpcraud 1910 , ', JJ South la SalU Stmt, Chlatfo i f renaijWanU Rep. C. B. ROBDINS J Mi rarrr Dld(., TbUadalphU Tel. Sprue MM 2 " 11! (N.T. tlmn) 1:15 p. m. 00.84 01.00 80..14 0t.70 I 80.00 80.0S 07.00 07.01 LOCAL MINING STOCKS TOKOFAII STOCKS Rid Cash Hny ,, OU Jim nutter , 23 . MacNamara, ,' Midway 14 Mlzpah Ext -. 13 Montana 10 North titar .08- Rescue Iiula 21 Ton Ext 2 Weat End 1H West Ton 00 DIVIDE STOCKS Allied Dlv 02 Alto Dlv 07 rielchcr 10 Den Ilur 03 nrouKlt Dlv ' , Dlv Syndicate 02 Dlv Con 0.1 Dividend 10 Eaat Dlv 113 Haabrnuck Dlv ........... .02 Illch Dlv 02, nevert Dlv ............... .1.1 neno Dlv ................ ,02 Rosetta ,0,1 Silver Kins- ?... .04 Ton Dlv 2H Ton Hnshrouck .10 Victory Dlv 07 Venlo Dlv 07 ono ..., 20 GOLDFIELD. STOCKS Atlanta 03 lllue null 02 Month 0.1 C. O. D 02 Combination Frao OH Crackerjack 17 niamondneld 11)1 01 Daisy .02 Florenrn 2,, Ooldlleld Con 12 Ooldflold Merc o:i Hold Dv OH ilreat nend 02 Jumbo Ext ' .00 ICewanaa 0,1 Iino Star Or, Oro oi Kim! nms , o.l Silver Flc-l; .Spearhead :JS MISCELLANEOUS Amparo Ariz United :.. Eden Mother Lode Nev Hill Nev Rand t'romnntnrlo Nev Wonder Teropa. Mln White Caps NEW YORK COFFEE MARKET f New York, April 8. Thcro appeared to Lo o. little better feeling in tho coffee market this morning and, while business continued quiet, prices were being bid up without delinito offerings. Some attention wns being paid to the constantly decreasing iock at Rio, the official cable showing n clenrnncn of 01,000 bags to Europe, leaving n stock now of only 1101,000 bags, compared with 717,000 bags a year ago. The big decrease of CSR.74R bags In tho world's visiblo supply for tho month of March may also havo stimulated sentiment to some extent. ,. . n. , N'T- '"") Teat. Today'a 11:00 close open u. m. May 14.00 14.(MU70 14.70&73 July 14.8 14.R7WOI ,.., Sept. 14. B0 14.60(I5 .... Dec 14.00 14,61 62 H. 60 Hid. Gas Co. Pays 200 Per Cent Dividend Vltl.bursli. April 8 Tho United tfucl Gas Co. directors voted today to lu creaflo tho capital from $10,000,000 to 130,000,000, and declared a Block divi dend 'of 200 per cent, of which 61 per cent Roes to the Columbia das and Kleotrlo Co., and 49'rer cent to thn Ohio Fuel Supply Co. The directors also continued the old dividend rnto on the new capital by declaring 4 per cent csh for ttyo Qunrttr payable' My 10. 0h4 warn 5 Total Net Assets After Present Financing - $9,600,000 CAM. Founded 1893 Surplus, 1919 - $4,200,000 Additional $1,000,000 Issue H. H. Franklin Manufacturing Company (Franklin Automobile Company) r i i 1 CUMULATIVE SINKING FUND PREFERRED STOCK At Par - - Callable at 110 on $100 per Share 60 Days' Notice Dividends to Accrue from Date of Issue Payable February 1, May 1, August 1, November 1 Capitalization Upon Completion of Present Financing Preferred Stock Common Stock History The II. H. Franklin ManufacturitiB Company has ben under the same manacement since its organization in ' 1893. It began the manufacture of the Franklin Car in 1902. It owns all capital stock in the Franklin Auto mobile Company, the selling organization. Plant 5,000 employes. Yearly payroll, $7,300,000. Floor space: 1918, 16.5 acres; 1919, 23.4 acres; 1920, (planned and under construction), 34.5 acres. The largest industrial concern in the city of Syracuse, N. Y. Production 1916 . . 3,836 cars 1919 . . . 9,177 can 1920 (scheduled) . ' 16,000 cars Prospects Unfilled orders on books January I, 1920, amounted to 3,194 cars; March 13, 1920, 3,901 cars, despite a nearly doubled production. Estimated that the planned increase will be insufficient to meet the demand. Outstanding $3,500,000 $1,858,700 Authorized $5,000,000 $2,000,000 Asset Value Protection for each preferred stock share outstanding December 31, 1919, as shown by the audited balance sheet, $404 in net assets; $231 in net quick assets. Sinking Fund To begin Jan. 1, 1922, consisting of 15$ of net earn ings of preceding year, after payment of preferred stock dividends and taxes. To be used for retirement of pre ferred stock, at Company's option, and to buy in shares which stockholders may desire to sell. Covenant There shall be no mortgage or bond issue placed with out the consent of the holders of at least 75 of the preferred stock, excepting purchase money mortgages given at the time of purchase of additional real estate. Earnings Average yearly earnings for past five years, after depre ciation and taxes, were four times the dividend" require ments on preferred stock outstanding including this issue. A919 net earnings were at the rate of seven times these requirements. Circulars and Subscription Blanks on Request H. H. FRANKLIN MANUFACTURING COMPANY, SYRACUSE, N. Y. f M 4 W, t htf uV&'.tft vi; w J'U
Significant historical Pennsylvania newspapers