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"MAY ly'1920' '. :
dj:
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' $850,000
Canadian Wesjtern Steamships, Limited ' s
Vancouver, B. C., Canada ,
First Mortgage 7 Marine Bonds
Dated January J 5, 1920 Denominations $1,000 and $500,
y "' ' Montreal Trust Company, Trustee
Principal and semi-annual interest (January 1 5th and July 1 5th) payable
at The Guardian Savings and Trust Company, Cleveland,' Ohio,
in United States gold coin,
Bonds payable without deduction for income taxes up to 4 ft. Tax refund-
in Pennsylvania
MATURITIES . i
$ 1 28;000 January 1 5, 1 92 1 $21 2,000 January 1 5, 1 923 "
, 2 1 2,000 January 1 5, 1 922 1 70,000 January 1 5, 1 924
1 $128,000 January 15, 1925
From the letter of Mr. J. J. Coughlan and from other information we
summarize as follows:
SECURITY: TKe .bonds are secured by a.first mortgage upon an 8800 dead weight
ton steel cargo vessel now in process of construction. The loan is
at the rate of about $96 a ton. The contract price of the vessel, without including
any builders' profit, is $1,250,000.
ADDITIONAL The bonds are further secured by a first mortgage upon the ship
SECURITY: building plant of J. Coughlan & Sons, Limited, Vancouver, B. C,
where the vessel is being built. This plant has four combination
ways, ship shed, plate, machine and boiler shops, mould loft, fitting-out berths
and, in short, the equipment necessary in' a modern plant. The plant is worth in
excess of $1,000,000. The mortgage upon it is to be released when die first ma
turity of bonds, aggregating $138,000, is paid, provided the boat has then been
completed and accepted.
The bonds are further secured by the guarantee of J. Coughlan & Sons, Limited,
the builders, who have a net worth in excess of $1,000,000. This Company has
successfully built ten ships for the British Government and four for the Domin
ion Government The guarantee becomes inoperative when the second maturity
of bonds, aggregating $212,000, is paid, provided the boat has then been com
pleted and accepted.
The payment of the first and second maturities will reduce the loan to $510,000,
or at the rate of $57, a ton.
VESSEL The vessel under construction will have Lloyd's 100 A-l classified-
PROPERTY: tion, will be 427 feet long, 54 feet beam, 29 feet deep and will
have a speed of 11.5 knots an hour. Its power plant will consist
of three Scotch boilers and of triple expansion engines generating 3,000 h. p.
INSURANCE: The trust deed provides adequately for insurance as follows: (a)
Upon the material that is to enter into the vessel and upon the
vessel itself during construction; (b) upon the completed vessel against all marine
risks to its full insurable value, namely, $1,500,000, and never in an amount less
than 125 of the then outstanding bonds; (c) protection and indemnity insur
ance in an amount never less than 125 of the then outstanding bonds; (d) upon
the shipbuilding plant while it is under mortgage to the full insurable value thereof.
All insurance is payable to the Trustee as further security for die bonds.
LEGALITY: The legality of all proceedings has been approved by our counsel
whose opinions are on file.
Price to Net 8V2 Average Maturities
THE TILLOTSON & WOLCOTT COMPANY
"Investment Securities
CLEVELAND CINCINNATI
Guardian Building Union Trust Building
The statements ana figures contained in this crcular, while not guaranteed, are from sources
which we consider reliable and have been relied upon by us in our purchase of these securities.
iitwWBK&er
tUsdOfflea
MWaJ18tret
Now York
THE NATIONAL CITY BANK
OF NEW YORK
AND BRANCHES
Condensed Statement of Condition as of May 4, 1920
ASSETS
CASH on Hand, in Federal Sown Bask and
doe from Banks and Bankers sad United v
States Treasurer $254,00822.18
Acceptances of other banks . . 26,934,110.29
United States Treasury Certificate . w , 22,813,500.00 $303,755,932.47
Loans, and Discounts 586,088,579.98
United States Bonds' and other Bonds sod
Securities - 40.079.590.07
Stock in Federal Reserve Bank ...,. I0djt00.00
Banking House ...
Due from Branches
Customers' Liability Account of AcccetaaeM .' m
Other assets . . . .mbhm'm
627,968,170.05
5,000,000.00
20,470,001.51
66,068,490.77
4,323,191.73
$1,027,585,786.53
LIABILITIES
Capital, Surplus aad UaAfUM Prafite .'xmhwdhk
Deposits , 'vMMatNMw
Reserved for Taxes sad lastret Acamtd M . w w
Unearned Discount ; w ; , u .
Circulation . w w p v w ,.
Due to Federal Reserve Bank
Other Bank Acceptances and Foreign Bills sold with our
Endorsement
Acceptances, Cash Letters of Credit and Travelers' Checks .
Bondo Borrowed ..........
Other Liabilities ...... v . ... .
$84,855,526.65
720,598,39759
4,846,508.31,
Z,90Z,WU.0Z
1,399,930.00)
106,460,066.76
31,753,200.11
68,143,630.51
3,333,200.00
3,292.726.18
$1.027.585,786.53
A Complete
INVESTMENT SERVICE
Specialists In
OHIO MOTOR AND
RUBBER STOCKS '
ACCEPTANCES
BONDS
STOCKS
CORPORATION
FINANCING
OTI & CO
Investment Bankers
CLEVELAND
PM,t0llv Detrolt CindnnaU
tolumbus Akron Youngatown
tr Colnrnrln Cnl..
w.H.w WJ'JJi3
Denvi
Phila. Electric
s, 1922.
t,0SNK?f.WRRISON&co.
lIlliIM
Information:
We have for free distribution a detailed circular
describing
READING COMPANY
and its Associated Companies, copies of which will
be furnished on application.
Discussion:
We shall be glad to discuss the possible position of securities
of the Reading Company nnd ita subsidiaries with holders of
the same.
HARPER & TURNER
Investment Bankers
1000-1012 Stock Exchange Building
Philadelphia
llranch Offices at Scranton and Reading, Pa.
New York Bonds
t8At.ES IN 110001
Front Onsnlnr Until 2 P. M. (N. T. Tims)
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LIBERTY BONDS
Bought, Sold and Quoted
Call, Phone or Write. Liberty Bond Department
West & Co.
Hell, Hirur M
M17 CHESTNUT STREET
PhlUdclplila Mtock Hcli"l Kfxatoiif. Kace :ooo
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RAILROADS
NEVER
MORE VALUABLE
Prospocts for a Friendly Re-
coivorshlp for tho National
Properties Co.
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Tcrlwtps It wn tho nbortivr nttempt
of Rome railroad melt In ritlaburRh who
evidently had riot awakened to tlip fact
that tho railroad Btrlkc is a thlnp of the
past, and had attempted lo galvanize
the rorpse, that a good dral of the talk
In the financial district yesterday hinged
on railroad matters.
In the first place, there was consider
able satisfaction over the statement
made on Wednesday, by A. .7. County,
vlc6 president of the Pennsylvania Rail
road, to the railroad accounting offi
cers' association in convention at At
lantic City, that railroad investors can
take courage nnd leave the filough of
despondency, as their properties were
never more valuable.
Investment bankers who had been
preaching this gospel for some years
past, In the face of declining prices for
tho best gilt-edge railroad securities,
were considerably heartened by this an
nouncement from such n high authority
in confirmation of the opinions which
they held personally.
One banker said the importance of
the transportation Kystcms to n coun
try Is so self-evident that It is surpris
ing that its advantages have to be pointed
out when inducing investors to place
their money In railroad securities. All
they have to do to bo Impressed with
the value of transportation is to com-
Sare the conditions of n country like
lussia, where the transportation sys
tem has completely broken dwn, with
our own country, and even our own
transportation is far from being what
it ought to be, or what it will be in a
few years from now.
In fact, he said, to com right down
to brass tacks, transportation spells the
difference between civilization and
savagery.
e
"I sec," said a well-known banker
and broker, "that instead of n railroad
strike in Pittsburgh n number of the
.men who still remained cut on strilTo
ore goine back to work today."
It is too bad that there should he
any labor troubles in connection with
railroad oncratlon nt nrcseut. he said.
when the whole country is suffering
from high prices, especially of food- j
stuffs, because millions of tons on load
ed cars aro not being moved, or are
stored in yards. It is foolish for us to
exnect to canture foreign trade when
we fall down in tne transportation ot
domestic supplies, he said, and the
ehamo ot Jt is that other countries, not
nearly so well equipped as the United
States, arc out for business 'in real
earnest and nre capturing the world's
trade right from under our noses.
Hero, he said, is an account of Ger
many furnishing steel to other countries
when, aB a mntter of fact, she is not
making one-third of the tonnage she
produced in 1013, the year before the
war. As against that, ho said, the
United States is also supplying steel
plates to Holland, which shows that we
should have no competition irom ucr
mnnv. ns fornierlv the Dutch shipbuild
ers cot all their plates from that
country.
Speaking of national properties yes
torrlnv. n memher of n IiromitlCUt bunk
In hoiisp identified with tho affoirs of
this concern said that the final outcome
for tho present conditions of its affairs
will be a re-organlration. nrougm uooui
e ther from tho "outside or tno -in-
side," preferably the latter. He ox
nected matters to take the form ot n
friendly receivership.
Tho 4-Gs. which sold on Wednes
day at 10, were offered yestcrduy
down to lii, $5500 were sold at the
latter Quotation. The common stock
of tho American Hallways Co. is do-
nosltcd as collateral for tho bonds. The
next Interest period is July 1.
www
When discussing Mcxicnn affairs
yesterday, a banker said that, while
news from that country in many re
spects is fragmentary nnd in some in
stances contradictory, the fact that
cordhig to n prominent banker, will be
tho formulation of definite principles lo
assist in checking credit expansion. The
ndvlsory council will meet with the
Federal Reserve Hoard on Monday n,ext
and the thirty-six class A directors
from tile twelve reserve districts will
meet Governor Harding and his asso
ciates on Tuesday.
While It is said that, no one knows
the actual program to bo carried out,
it was said that the meetings "may re
sult In n recommendation to discrim
inate in the matter of loans In favor of
essential as against nonessential in-
flnatrlra.
The difficulty In this regard will be
In drawing the line between these two
especially, as during the war many of
ttte essentials then are among the non
csscntjols now. It is said that n com
miiiM frnm tho American Hankers
Association will be present. A report
that. Secretary of the Treasury Houaton
u'milrl nttpnrl tho mectincs was denied.
A hanker said ho did' not look for
the issuing of any hard and fast rules
as a result of tno meetings, dui ne tiiu
look for a code of principles governing
future action on credit, which would be
sufficiently elastic to meet the require
ments ot the dinerent sections 01 me
country.
POCAHONTAS ELECTS
State Convention In Wlldwood Se
lects Great Prophetess
Wlldwood, N. J., May 14. The
Great Coiine'1 Degree of Pocahontas,
Improved " 'lor of Red Med. opened
its annua -tnto .convention yesterday
In the Casino nuditorlutfi. Mayor
V. K. Smith, Senator W. If. Urlght
and Courtwrlght Smith made ntldrcsrs
of welcome, the mayor for the cit.v,
the senator for the county, and tho
secretary for the Hoard of Trade. The
drop In temperntoro forced the nfter
noon session to warmer quarters In tho
fire hall. Today the meetings will
be conducted In the high school nudl
torium. Lost evening the local council
entertained tho visitors nt a dnnennt.
The officers elected for the ensuing
year aro: Irene U. Davis. Minotola,
great prophetess; Mary C. Lange,
Elizabeth, great Poooliontas; Minnie
Freland. Pnterson, great wenonah ;
Minnie Decamp. Newark, great Minne
haha; Lillian Thompson, New Kgypt,
great, keeper of records; Harriet A.
Whitmore, Oceanic, great keeper of
wampum; .lennio iiyion, hea Uirt,
great trustee. Tho next annual ses
sion will take place in Lake-wood, May
12, 1021.
LOCAL MINING STOCKS
TONOPAIt STOCKH
Bid
Cseh Hov 07
Jim Ilutler 17
MncNamara A
MarNamara Cresnt A
.Midway nw
Xllipali !5xl J"
Montana 12
North Star 0
Tleanin Kills. 1ft
Tonopsh Kxt 1
l-4
Weal End
.04
West Tonopah
DIVIDE STOCKS
Alllod plvldn 01
Alto Divide 03
Uelcher da
Belcher Ext
lien Hur
Hrouith Divtaa . .
Divide Kxt
Divide Syndicate
Divide Cons . .
Dividend
F.ast Divide
HormlU
HanbroucK Dhtdft
Hlsh Divide
Revert Divide
Reno Divide
06
.02
.0
.80
.01
.02
07
.01
20
.02
.01
.flft
ni
01
.02
1
.03
.11
.04
.18
Roaetto
Hllver Kins ...
Tonopah Dlvldx
Ton Hasbrouck
Victory Divide
Verde Divide
Zona
OOIjOFIKLD STOCKS
Atlanta. 01
Plus Bull H
Booth 01
O O D ill
Combination Fraction
Crackerjack
Dlamondfleld B B
Daley ,
Florence
Goldflctd Cons
Goldfleld Merjrer
OoidReld Development
oreat uena
Jumbo Ext
Kewanaa
JiOne Htar
Oro
KM Hills
Sliver Pick
Spearhead
MISCELLANEOUS
Amparn
Arizona United
uaen 'i
Mother IiOde 55
Nevada mil n:
Nevada Iland 21
Nevada Wonder IS
Tocopa Mln OK
Whlto Caps in
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Stenographers In New York Bank
15ir1lent opportunity In larare downlown
bank for rnpabl experienced stenographers
under 2S vears Permanent pooltlnne. ex
rel!nt working conditions Good aalsry nnd
lunch's. State age. education, experience
and salary exported. Write
K. V. f'.. BOOM 701
ID Wj)t 4th St . New York City
riNANriAn
rrrTRBi'ttoii noi.'iS cobpobation
Six Per Cemt Imt Morlsnse Convertible
Sinking Fund fkild r.-r.il
Notice l hereby plvcn that th under
signed ss Trustee under the First MorliMRe
ana Deed of Trust dated July 30, 1817 of
Pittsburgh Bolls Corporation, will rrrele
written proposals up to a p. m. Monday,
May 24th. 1020, for tho sale to It of bonds
ot the above Issue to an extent sufficient,
at the lowest rrlce obtainable, to exhaust
the sum of ISOOO, '
Proposals should be plsced In sealed en
elopes Indorsed "Proposal for sale of
Pittsburgh Bolls Corporation Six Per Cent
First Mortgage Convertible filnklnc fund
Gold Bonda." and sent to the undersigned at
Its Broad street offlcc. Liberty Building.
Philadelphia. Pa.
Bonda nerepted must b delivered bfore
June 1. 1920. or satisfactory security fur
nlshed prior to that day that delivery will
bo made within ten dava.
Payment for bonds accepted will be made
9rVhe "undersigned resrves the right to re
ject In whole or in part any or all pro-
Dsted Philadelphia. May Rth. 1D20.
PHILADELPHIA TBlfST COMPANY,
1114 nv JOHN C. WAMJira
How and; Why
TTOW can the careful in-
AAvcstor ls sure ot pcrma,,
nent safety, prompt payment;
of both principal and intcresti
in cash on the day due,- and'
a fair interest return on hU.'
money? . W
Why have the investors who
have placed their funds under
the' safeguards of the Straus
Plan been able to secure these
advantages for 38 years with
out a single case of loss?
Our booklet, "Safety and
bc'o," will tell you how and
why. Write
Ask for
for it today.
BOOKLET No. 373-Q
S WSTRAUS &C0.
UT!U JmLO 2 InCOHSOHAJ t0
STOCK KXCHANOr! BOIIiDINa.,
riuT.Anni.rntA
38
years without loss
any investor
to-
ft
.
By JOHN C.
WALIACB,
Treasurer.
LONDON STOCK MARKET
Irregularity Marked Trade War
Loans Advance Industrials Waver
London, May 14. Irregularity marked
tlia traue in securities on me etocK ex
change again today and chango In
prices continued narrow. The usual
week-end conditions were In evidence
throughout the house. Thcro was a
fresh advance In tho war loans on
buying by government brokers.
lilttle change took place In the oil
hcctlon, Shell Transport being quoted at
lOS and Mexican Eagles at 9a
Industrials wavered. Mexicans re
mained cheerful, hut thero was profit
taking In Argentine rails. Canadians
were dull.
BUTTER, EGGS AND CHEESE
New York. May 14. BUTTEB firmer. Be
celpts, B337 tubs. Creamery, higher tlisn
extras. 02f(12Vic extra (02 score). flifl
81V4c: firsts (8S to III scoro). S7ljfl0Wc1
panKlns' stock, current make. No. 2. 40c.
EG03 Irregular, llecelots. 31.079 cases.
Storage-DKcked extra firsts. 48Hc. do. firsts.
4(Uj 48c: freih-gatheril extra firsts. 47W
46c. do. firsts. 44W4'ic: atato. Pxnnaii.
anla and nearbv western hennery whites,
firsts to extras. 31S8c; do. brown extras,
MQ52o: do. gathered browns and mixed col
ors, nrsts to extras. 40VB0O.
CHEKSB firm. Becelnts. 27AO Kvra
State, whole-milk fiats, held, whits and col
ored, specials. aiV32c; do, average run, SOcs
stale, whole milk, flats, current make, white
TUB TJNDEKSIONF.D. SUCCESSOR TO
Knickerbocker Trust ('ompmiy na Trustee
under the nWI-tgagn of the BEECH CllUEK
i-OAI. & COKK COMPANY, dated June 1,
1004. holds the sum of Seventy-Flve Thou
sand Seven Hundred Ninety-Eight Dollars
and Thirty-Eight Cents (17.1.7H8.3R) In the
.Sinking Fund provided for under the terms
of Article tt of said mortgsge which Is
applicable to the purchase of the Tlrat
Mortgsge 5 40-Year Sinking Fund Oold
Bonds of the Beech Creek Coal Coke Com
pany due June 1. 1011
Offers of said bonds at not exreedlng par
snd Interest will b received at the oRlco of
the undersigned Trust Department. 60
Broadway, New York City, on or before May
28th. 1020. at twelve o'clock nodn. Bonds
accepted must be delivered on June 1st.
1020, or security furnished. If required, that
delivery will be made within ten days. The
right Is reserved by the undersigned to re
ject any and all offers.
COLUMBIA TRUST COMPANY.
Successor-Trustee.
By GEORGE E. WARREN.
Vice-President.
Dated. New York, May 1st, 1020.
SECURED 10
$300,000
Textile Finishing Mill
(Philadelphia District)
Requires
$125,000
on
15-Yedr 1st Mortgage
Liberal bonus for
Immedlste action, tn
net 10 on Investment
H 020, ldger Office.
sWJ'sssaV
shipments of oil by tank stenmer from '""d colored, specials. 2820c; do. average
rrnn.r.lnn l,v ll, f.vlnan 1t ,.!,, , ' run -OWilVSC.
POCAHONTAS CONSOLIDATED COL
LIERIES COMPANY, INCORPORATED
Fifty-Year Five Per Cent. Gold Bonds.
Notice Is hereby given, pursuant to the
terms of the Mortgsge dated July 1st. 1907,
that the undersigned, as Trustee, will re
ceive sealed proposals up to 3:00 p. m. on
the 8th day of June. 1020, for the ssle
to It of bonds as above described, sufficient
to uss the sum of 154.104.81. The under
signed reserves the right to reject any or all
tenders. ,
THE NEW TOnK TRUST COMPANY.
Truatee. By B. O. CURTS. Secretary.
New York. Mv 10 1020
FINANCIAL
Proposals
V
We Buy
Sell and Quote
ABBOTTS
Alderney Dairies
Preferred and Common
FRANKLIN AYRES
Share nnd Bond Broker
1021.M Drexel Blilg.. Phils.. Pa.
Correspondent, T,. s. Rogers & Co.
Members
Consolidated Stock Exchange
'ot IN. Y.
SSSSSSsSjSSSSSlS,
the east side or front st at Berks st.
Plumbing. Contract S78 Plumbing for the
itlon buildings at Front and Berks sts
Kensington sve. nt Huntingdon st , Tioga
1
a
10
4
10
1
23
10.
10
JI4!i
94U
114 U
!4
T4ti
P4S,
04
High
Liberty Ufa..:... 01.24
Liberty 1st Is.
Liberty 2d 4s
Liberty 1st 4Ub..
Liberty 2d 4Mb..
Liberty 3d 4Ws..
Liberty 4th 4V,s,,
Vic Notea 31a...
Vic Notes 4s...
85.20
84.00
85.70
84.00
88.50
85.40
05.80
05.80
U IC O B & I
rets of '20
6 . 00.
1. 00U
UKOBI'JI
3 . 83tl
U 8 Mexico Ss
10 .. 33
U R San Fran
unct 4s
fl . 23
U S Reslty 6s
1 . . 81
81
U S Rubb'r 3s
1 . 7V4
2 . 70
1 . 19K
r. 70 'i
2 . 70;
1. 70
U S Rubb'r 7s
2 . . 100V,
U S Steel Bs
10... 03H
2 . 02'
1 . 'US
1 02S
1 031.4
2 2k
1 . . 02H
1 . 02U
Utsh Power
Light fis
1 ... 70
Vlr'a Carolina
Chem Co 0a
1.. 94
Va Rall'ys Ca
3 . 7S
1 741,,
Westn Kleo 3s 1
B . P4
West'n Md 4a
B 411
3 40
Westn Pso let
3.. 7H
8 78
West'n V H'
1 . 74
Wilson Co cv
2 88 ',
1 80
S . 87i
Wilson Co 1st
87 S
time)
11,13
a. m
01.20
85.20
84.00
85.70
84.70
88.14
85.22
05.70
05.70
Co. nnd the Pan-American Petroleum
Co. nro procecdlnc as usual. Krom this
lie said lio declares that the revolution
now in progress hns not interfered in
the movement of oil from the field tn
Tamplco, the port of shipment. 'While
thero is no news from tho fields, those
most interested arc not disturbed over
the situation.
DIVIDENDS DECLARED
American 'Power and r.ight Co., quarterly
of 1 per cent on common, payable June 1 to
stock of record May 10
Southern Railway Co . eeimannusl of 2tt
per oent on preferred, pa) able June 30 to
stork of record Juno 4
Wills s Corporation, quarterly of $2 on
first preferred, payable June 1 to stock of
record May 20.
Delawaro and Bound Brook Railroad Co ,
Quarterly of 2 per cent, payable Mav ?n
In cortain banking circles in this city 1 R,.r."'Jtf,r,'.rt J,n,L,14,-, ., . .
v. !.,,,. ,iu i wiinin !,:, West Phllade phla Title nnd Trust Co..
the meetings colled in Washington by mmnnuai of 0 per cent, payable June i
the Federal Reserve Board for Mouday to stock of record May 20.
and Tuesday next arc considered very', J;''d;jn,,aMI"iQR 'I,1rn,tLVr.:o auf,r
important. Tho principal business, nc-jlo 15 !o4 .t?S. CoSfntrecor5rMa7'2. Dayftb"
IVUniii itkLHajH. sirivUnirrxAivMunrStiu
MBPIBiSifefTpBS
xMaVHa?uBH'lIJlK2h'
PHr ' Si
l'niii'imAi.s I'nit ntatiiiv mm mvn
PI.U.MRI.XI AM) F.I.KCTOlCAir worilf
von this FRANKFonn kiTkvatfo
RAILWAY ANI PIPK t'OVERINO IN
depart;ent op- citt transit
city of philadelphia
11th Floor. 1311 Chestnut st.
Philadelphia May 10. 10211
Seslfd proposals addressed tn the Under
signed at the office above mentioned will be
receivru "' " ..iuv noun on luesdsv i
June 1. 1020. for contracts B73 .178, r7
snd 118. end opened Immedlatelv thereafter
Authorlied by ordinances of Councils ap
proved Julv 20., 1010. and March e 1B17 1
Ulillnn llnlldlnrs. Contract ss a '- I
re-enforced concrjte buildings at the south
west corner of Front and Berks sts and
on!"" J," "A1..:..'.'Vi "V,,"' t'?5rs. si.
station
On ienOIIlJH'l v iluilllllKUDI) hi Tlogi
t nnri Tnrresdale ave . and at ha n...T.
east corner of Frank ford aye. and Pratt st.
FJectrlcal Work Contract B70 Conduits
for the atMlon buildings at Front and Berks
sts.. on Kenelne'on ave. at Huntingdon st.!
Tioga st and Torresdale ave.. and at the
northeast corner of 1'rankford ave. and
rinaulatlng Coverings. Contract 118 Boiler
feed water heater and softener and connect
ing Pipe llnea In south side of City Hall
baeoment covered with InaulatlnB materials
Plana and specifics! ens can b seen at
1211 Cheatnoi at . twelfth floor, and copies
of same, with blank forms for proposal,
will be supplied to Intending bidders. Ae
deposit of ten (10) dnllsrs wl't be reaulred
for the plsns for each contract, except con
trsct 118. and on their return It will bo re-
Bidders must bo skilled and regularly en
gaged In the clsss of work bid for
COnirsClori w, in rniuirra io comply 1
with tha act of Aesembly of July is 1017
relative to workmen's compensation In
surance and proof must be furnished the '
department by each contractor that he has '
accepted the provleSona of said art and tn 1
urad hla liability thereunder or aeeur.H
exemption therefrom.
For each bid a proposal bond In the sum
of Ave hundred (300) dollars must be flld
In the Law Department, Room 404. Cltv Hall,
In sccordanco with the ordinance of May as
1880. the certificate ot such flllnc to be In
closed wun uin 01a I
The director reserves the right to reject I
any or all bid os he itrn deem best for I
lh, interest of ""nf .&,
Director
GERMAN CITY BONDS
JAPANESE GOVT BONDS
Prices and complete in
formation cheerfully given.
NEWBURGER,
HENDERSON & LOEB
Members New York and
Philadelphia Stock Exchanges
1410 Chestnut St.
Rockhill Coal & Iron
8 Cumulative Sinking Fund
Preferred Stock
Controlled nnd Operated by
Madeira, Hill & Co of Phila.
Free of Penna. State Tax '
Free of Normal Income Tx
98 and Div. to Net 8.1G
Circular on Request
Townsend Whelen & Co.
505 Chestnut Street
- A CLOSED
FIRST MORTGAGE
Bond Outstanding nighten Tears. Cover.
Inn Steam R It . Terminals, and
Equipment
PRICK I1F.FOUR TUB WAR B0.
Now 582, Returning 72
EDWARD V. KANE & CO.
Morris Building
I.IStiM. ADVEKTISF.MF.NTH
Dividends
IN. T
Low
ni.10
sn.so
8-t.OO
85.70
84..W
88.10
85.10
05.02
05.03
Go(d Imports From Colombia
Xw York, Mfty H. Fifty thousand
dollars in United States sold coin has
arrived from Colombia conalkned to tho
Battery rark' National Bank, nlaltlnr n
totni or, looouoqun tiiq recent-movement
Z J'- .. . .
irora 4JwsBji5,tte, ynltsd'Statea.-
r w
A Continuous Stream
of Quotations
FLASHED over our private wires right at
the edge of the New York Curb Market
every minute of every business day and posted
on the large board in our customers' room.
Visitors welcome.
"ProGt Possibilities
Great at Present
Relatively Low Prices"
This is the opinion of many
market observers. Ourrepresen
tatives will be glad to give you
all the latest news on active se
curities in person or by telephone.
JONES & BAKER
SECURITIES
Widener Bldg., Philadelphia
Phones: Bell, Locust 4730; Keystone, Race 2290
Dintt Friftu JTtni
OFFICES IN 0 PRINCIPAL CITIES
all 1KY?JF 1
hookltt,
Vkte Jul .....!..
"Mixjfors anA TraAtrm
Ouldt," fells the petwral
rules of trading, dfpoalt
rriyireinenis, roirnnl
nhargtt."lo, Na eharar.
r-xiii. -pnont, write lur .vq.
T. V. ttl '
m,t J
y
1
TF.XAH NATIONAL Oil, RKFIMNa
CmtrilKATION
Vort Worth, Terns
Th" Board of Directors has delred in
resular monthly dividend of 3 per rent ('.!)
lo all ator.holders of record on Jlsy 1. laco
Plvldend checks hae ton mailed
li. 1: uranx n.r.i:
''.rrijJ'J
HOCKI1II.I. COAI. i IRON rilMI'ANY
North American HulldliiK
rhlladelnhla, Tn
A nuarterly dividend of tt.00 per share has
heen declared on the Preferred Capital Stock
of th Hockhlll foal ft Iron "'oinpany. pj
uhlo dune 1st. 1020, to stockhnfdors of record
at the lIoso of business Mav 22d. 1010
JOHN OtI.nKItT. IVeaeurer
'THE ATI.AVTIC RKFININO COjil'ANV
3144 rnas.Tunk Asrnue
riilladrlpliln, l'a.
Msy 13lh. lfi;0
At a metln of the Board of Directors
held Mav tilth. 1H20. a dividend of $3.00
pr share was declnrd on tho Ootnnion HtocU
of thn rompanv, iiaablo June 1(1. 1820, tn
the etnckholders st the closo of business
May 21. lll'.'O. Checks will be mailed.
W P ANDERSON. Secretary
l.F.F, Kl'llllini AND Tllti; (OKIMIItATION
Nw Yn'k April 20 lllll
The director hae this dav deilnred r
quarterlv dUldcnd on the cspltal stock of
this compan of ,10o pr shate. iaa'je
lune 1 lii'J" o atockholilrs of record st
the close of luiiineir May 16. 1920, checks
111 he mailed
HKNIIT HOPKINS. ,irt
Srrre t a rv
Jlxrial .MMtJnrs
fil'IICIAI, STOrKllOLIlKltH" MKKTINI1,
TIIK AMTJtlt'XN ll.MIAXAVS CIIMI'AN'V.
To tho stockholders of tho American Hull
ways Cnmpanj : Pursuant to the call of th
hoard of directors o t ie company, a special
meeting of the stockholders of tho American
Ratlv.as Companv will he held at tho prin
cipal office of the company No 410 Market
st . Camden. N J . on tho IHth day of May.
102O. tit 12 o'clock noon, to tako action for
or sgrslnst the creation of a claxs of stock
of the company to he known as Its second
preferred stock to the amount ot 14,000.000
and for or agalnet the amendment of the
charter of the company so that the total
authorised capital stock shall be f2t,(00,uoii
of which 49.000 snares of the psr vulue of
S10O each, and aesreiutlnc In amount 14..
000,000. ahall he drat Preferred capital
atock, and 0, 000 sharej of tha pur Milvs
nt IA0 each, and ascrecitliis in amount
$4,000 000. ahall be asennd piefer-od capital
atock and 340,000 sharsa of tha car ta of
fail each and BKretatlne In ainoitrt HI .
000,000 ahall be common capital a'ock, and
to take such other action In rgre" therelo
as may be brought before the ineflliin
llv order of the losrd. '
WALTKR VT. PEIIIUNS. WecrsUtT.
KKSTATK Or TKRA V. STONE.
decesMsl I.oltfrs testamentary upon
th estate of Clara V Stone deceased hav.
Ins; b"en srantxd to Fidelity Trust Com
panv. all persons lndbted to the said eatate
are requested lo make pajment and these
havlne ilalms aialtnt the same lo present
them nlthtout delav m the offlr h of the
aid onipan. .12.I.331 i. heatnut at, Phils,
delphia.
WM. I' QEST
President
rrp'KSTATi: or xvii.ms .1. mmihis, ne-
' " ceased -letters Tcstamcntarv upon
the Estate of XX'lllls J Morse deceased hsv
InK been s-ranted to, Hdellty Trust Compuny.
all perron, ndebt.l to the said Hstats are
requested to mnk pamcnt snd those havlnf
clalnin HK.imhl the same to present them,
without delav nt the office of the said ConvS
panv No !123 .131 Chestnut street Phila
delphia XX'.M p OUST
President.
jigr" NOTici; or dissolution.
X'. (he underpinned lieiiiR partners,
trndlne UJider tho firm namn UT The Kllswortn
ciarnse do hereov site notice that we hava
cilsso,ved rsrlnershlp All hills due by US
ainl all bills due us aro to be paid to Peter
Vassallo, 1141 S llroad hi
XVII.LIAM I M'OONTCJAk.
PUTF.U VAH.SA1.LU.
PERSONALS
Hit v
dent
estlna I
P rtOIUNSON please call adMrtlMai
Public .Ledger. May receive Inter
nfop;nntlo'i. - '
T
LOST AND FOUND
5
DIAMOND Lost. sTiiare-rut dlarnos.1
weisht II K.I karats Th stone was lostx
.T,..i.iua.. ...u i, ucmci'ii iiavurioru ana ins
ii.p.iiui nir.oi urvin nuu.n l,IDCra TS
nsrd If rcturnul to J 11 Culdwell . C.1
t ncsinin tino .nuiiper sts
n.XItniNa--Lost platinum diamond drop,
eairinc. May 12 from A2d and Upruos ta
1.1th and X'alnul liberal reward Return tn
2IH H n2d at Phone llelmont SH40
TOOTllALI-aold football on ribbon. In-"'
scribed, reward. Itsturn to Apartment
flll-D, Normandle
llAMlllAO- faist. ladles room" West Phtliw
delphia Htatlon. 'WitlntsJav moriiinr. blaeV
handbai; cnntsinlnv 110 and New York ticket.
) kH4 Ledk-er Offlc. '
NICCKI'IECB Lost suulrrel necHplece, .
Chestnut st. between XX'anamaksrVit 11
st i.tuerai rowaru voilll
Vanamakers.
IUNO Kound
mi
LwU
.L
Deans., cti float,
ftllill dliniend rinm. nu..-t
may n"yr hy provlnir ownership. H till,;
SllARV Ijis
psi.er tur scarr:
man. IBOj XX alnut
Wdiieilr artffiiwn,,a.tilirfi ,,t
lioersi jfard. B, HW, f fc J
tofard. B.
SVA5vilfPlioil. nehilsiiialfSi avU wait
short cjialo tn (n,tiilir', aftet
lUy
.. on
V. '
I NUMMKrt IS U
'RR VV. PEIUCINH. Meer.ter. I STL T Vu.M... . C.l..
WtlitUslse Xm MX 'aV-JJ3ft. 4sM lIWsla17WiaillliU
.41?,.? . . ....,,. ,.. Yii. . i , .. TV.. "b "" n.t -W fJV'',. 'P. t
Ssiy
M.j ji i?!l "
f 1
.i
I r
'J
ri 'i - J
MHsf),
MmjatMaii
r?..FAAiilaU
:&lu
t i.i .
. rf . ,W
v
S( i ft,