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EVENING PUBLIC LEDG3ER HILAt)toljPHlA, THTJBgDAY, JUNE 3, 1020
191
1.
.niv!
Check Accounts in Germany
FOR the- convenience of our customers? we have made special
arrangements by which we can open check and deposit
accounts on their behalf with the
PFAELZISCHE BANK, LUDWIGSHAFEN, OCCUPIED ZONE
AND THE
SUEDDEUTSCHE BANK, MANNHEIM
and their thirty-eight branches in various cities in
North and South Germany,
(Including Frankfurt, Munich, Nuremberg, etc.)
THE CAPITAL AND RESERVES OF THESE
INSTITUTIONS ARE IN EXCESS OF 60 MILLION MARKS
We will be glad to furnish all desired information either in ,
person or by letter
We Offer a Large Variety of German Municipal and Industrial Bonds,
Many of Which Are Ready for Delivery at This Office.
Orders for all Foreign Industrial and Banking Shares Promptly
Executed
New York Bonds
I8ALE8 IN $10001
Amer Smttt'g
tRII
2... 77 W
1 7TH
1 77
2 77
Am T ti T Clt
2 74
3 73S
A Tel & Tl Aa
3 75
4,.v. 70
1..?.. 70
A Tel & Tel fl
B f3
1 03V4
1 03
8 034
1 P3'
i navi
5 04
Ann-French 8s
Northern & Western Finance & Trading Corporation
St. Louis
Security Building;
Telephone! Main 1047
7 Hanover Street
New York
Telephone Hanover 898'i
Philadelphia, Pa.
106 South Front Street
Telephone Lombard 2010
1.
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0
08
08
08
08
08
09
08
08
08
08
08
08
08
08
00
08
00
00
00
Management of Securities
s
Our Securities Department will be glad to
Keep your 'securities safely in its vaults.
Attend to the collection of income when due.
a
Remit the proceeds to you.
. Suggest new investments.
Keep in touch with the standing of the cor
porations upon which your securities are
based.
The fee for this service is moderate.
Philadelphia Trust Company
415 Chestnut Street
Broad and Chestnut Sts.
Northeast Corner
Armour 4. Us
0 701,
A T A 8 P 4
4 72Vi
1 72
1 72
3 72
4 73'i
1 73U
AT48Fli
S OKU
1 0!Hi
S...., OSVi
1 ".Mi
Atch T & S Fe
r. Okla D 4s
1 82
Atlantic Coast
Line, clt
3 03U
Atlantic Coast
Line 4 Us
10 71
Bait & Ohio cv
1 0
1 60
i noi
2 B0
II Ohio 3 Via
10 80.
4 70V4
Tlalt & Ohio 4s
3 00
Salt & Ohio 5s
1 03
R .... 63
n .... 63
2 62U
Halt & Ohio 0s
Union Pacific Railroad Co.
7 per Cent. Equipment Trust Certificates
"sled June 1, jo:o Hue Serially. Dividends June 1 and December 1
Authorized and to Be Issued, $10,000,000
Issued Under the Philadelphia Plan
Commercial Trust Company, Philadelphia, Trustee
Cc,mJ.ll0,e r'nj'i"1" wU1 bo "el y the Commerciol Trust
Aem.Vf 'IfMPM. Trustee, under an Equipment Trust
imatelv 5 1 BB,M bo lecu,"d by new equipment costing approx
SVonWrl000' f Which tho Rrol Company will pay
"qu?pme? W,0' ?rJone'hi-J f tho cost of this equipment. This
DWnTr' 1Jninc,ud.eI00 Locomotive, of various types, 2 Steel
c2r!S3&?&? Bawn8e Car" 2,00
MATURITIES
Due June 1, 1924 at 100 and Dividend
uue June 1, 1925 at 100
ue June 1, 1926 at 100
Due June 1, 1927 at 100
Due June l 1928 l lnnu
Due June 1, 1929 at 100 and Divided
"ue June 1, 1936 at 100 and Dividend
Dn! 1 I' I031 at 100 and Dividend
"ue June 1, 1932 at 100 and Dividend
uue June 1. 1933 innas j ni..!J.j
"ue June 1, 1934 at 1007s and Dividend
ue JU0 lf 1935 ftl ,01 ftnd DivJdend
Prices to Net About 7 Per Cent
'. wnen anii
and Dividend
and Dividend
and Dividend
and Dividend
'aYsVcoun','' " mVb. n.:
n!,.!"."'!1 .nd ""Meet to anprovnl of the Issue by any
essary and to approval of the proceed-
Biddle & Henry
1Q4 SOUTH FIFTH STREET
30 Years
in Export Banking
INTIMATE KNOWL
EDGE of the needs
and habits of the people,
acquired by years of ex
perience and actual resi
dence in the countries
themselves, is essential
when transacting busi
ness abroad.
23 Branches in South America
8 Offices in Europe
Direct Connections With India
Anglo-South American
"Bank, limited
New York Aiency, 40 llroadiray
SALESMEN WANTED
Just two, for Philadelphia
branch of well-established New1
York stock brokerage house Must
be of unusual ublllty, cither proved
or potential. Htoek pioniotlon
saleMtien not wuntcd. us han
dle no promotions, Thm t h kcii
ulne opportunity for an upbuilding
you UK tnun of uiilmpeucliaUKt In
tegrity anil Bobt cowiecl.oim.
Adequate rcmunerutlon.
Addfess 0 80S, 1'ublU) I.edfer
Den & n O 4s
3 01T4
10 01 i
... , A3
1 02 H
Dstrolt Unfd
nail's 4i,4B
l.r... 81
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10 00;
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1 SOU
2 80
D of Can '20
2 01
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1 SIV.
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Hock's V 4V4s
63 H
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1 B7H
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1 00
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3...., 81Ti
III Cent 4a '0U
4 02,i
3 63U
III Cent'! &Via
J. 85
III Bteel 4 Us
74 U
74 A
Imp Jap O 1st
0 70
B 71
1 75
Imp Jap O 2d
10 74U
'B 74V
Imp Jap O 4s
10 57 4
B 67 U
13 B7
B7
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3 07
Imp Jap O
2.... 102
Info Met 4 lis
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101 Tt
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.. 101 Ti
.. 101H
.. 102
.. 103
.. 10J
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.. 102
.. 101H
Fere Marq Bs
3 78T4
Readiiur Tt 4s
3..,.. 70
0i.... 70
Republic of C
0s of '04
4 00S
13 00i
Rock Isl A &
li 4is
1 02 V,
2 2H
3 62H
t I, I H 4 S
Illy 4 s
2 70
0 0)1.1
SIL4S V aj
2 02
8 02
3 01S
1 02
st i. fc a r in
40
Today's Range
Liberty .ls ....
Liberty 1st 4s...
Liberty 'M 4s
Ubcrty lst4i,s..
VlH. .
Liberty ;id 4V4h.
Liberty 2d 4
Liberty 4th 40.
Vie Notts 3yts...
Vic Notes 4-y4B..
In Liberty
High
nt.14
80.00
85.C0
87.40
80.10
8n.no
80.30
f)5.f0
03.50
Bonds
txiiv P. m.
rw. Y. t ma)
01.04 01.14
815.72
85.20
80.50
85.32
80.30
85.50
05.24
05.20
80.00
85.20
80.52
85.52
80.00
80.00
05.30
05.30
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88 Ti
89 Vi
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2 8Vi
2 80V4
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1 .... 87
0 88
2 80S
B A O P U K
& W Va 3 4s
3 B4V;
1 B4Vi
1 B4V4
H & O Tol 4a
2 40
Il'klyn Edison
Co 5s
1 08
Itrk rtnp T 7s
1 41
1 40?;
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ct sta 7s
S 35
Hush Hide 4s
1 00
Can' a B'n Ba
1 77Ti
Cent of Oa en
1 70
Cent Leat'r Bs
2 00
B 00i
Cent'I l'ao 1st
3 A0S
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2 07 i
Ctnt'l Tac Bs
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Southern Road Applies for Loan
Wnshlnirtnn, Juno 3. Application
tor a loan of $3,600,000, out of the
1300,000,000 revolving fund provided In
tho Transportation Act, was mado to
the Interstate Commerce Commission to
day by the Kansas City, Mexico and
Orient Railroad. As security, the com
pany offered a first lien on Its property.
tne cook value of which was piacea at
$28,000,000. The road desires to use
$1,600,000 to pay receivers certificates
to December 1 ; $1,000,000 for working
capital and betterments, and $1,000,00.0
Jo complete extension of the road from
San Antrelo, Texas, to Sonora, Texas;
a' distance of sixty-one miles.
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Chile Cop'r 0s
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3 08 Ti
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B 42
B 43
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1 H.l i
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3 02Vi
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Wesfn 1st
1 82
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West'n Bs
B 82 Vi
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Corp Bs
3 ... 84
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B 33
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Ready by
August 1st
55! SiCSt
Tho Eastern Plant of tho
world's largest mail-order
house, Sears, Roebuck &
Co., will bo completed
early in August according
to the preaent building
schedule.
Giving employment to
about 5000 pcoplo with fa
cilities to accommodate
nearly 12,000, in n build
ing valued at approxi
mately $10,000,000, brings
to Philadelphia another
important enterprise.
Doing a national business
of $200,000,000 a year it is
estimated $50,000,000
worth will be handled
through the Eastern
Plant, this City.
Philadelphia not only has
the natural advantages to
attract business establish
ments, but the service,
facilities and expansive
possibilities for commer
cial houses here makes
this City a logical selec
tion. IJ'c Will Assist Business Men
Contemplating Locatinain
This City
Third
National Bank
In the Center of Things
Opposite Broad Street Station
... 711',
... 704
Steel 8s
. ... 00
01
no',
01
ni
m
00 I,
oo.
Utah Power &
Light Bs
1 .. 74
Vlr'a Carolina
Chain Co 1st
1 03',
Va Ilall'ya Bi
3 7B
Wesin ClfC 3s
10 . 01
West'n Md 4s
1 A0
Western U Bs
10 . . 784
Wilson Co cv
1. ... BBS
2 . . SB',
I . . Hft'i
4... . KM,
1 81
Wilson Co 1st
S. ... 17S
3 ... S7S,
l.... 87 Vi
3...i. 87 W
Service and Stability
Faith
in yourself is one of 'the
greatest essentials of
success.
And we like to believe
that our faith in our
friends helps to establish
that belief in their future
needed to inspire in them
the courage to carry on
to the prosperity their
efforts deserve.
And with that faith we
offer a service, complete
in every, banking detail,
that has been of proven
material advantage to
our depositors and
clients.
Integrity
Trust Company
Fourth and Green Streets
I Capital $500,000
Surplus & Profit. . ... .$1,700,000
nauri
GENERAL MANAGER
.Unliable promptly for Manufacturlne
Industry In Philadelphia territory, with
broad experience In sales And plant or
conization and management: capable of
assuming full responsibility; compensa
tion should Include adequate salary Hnd
opportunity to share In protlts produced.
This Inquiry Is from principal direct!
no acents.
Address C G12, Ledger Office
Vlrrlnlii Hnllway &. Power Co...,
I'lilUrirlnhlii Company C'oiisol.
Virgin!"" l'oner Company 1st
llffh Creek Coal A Coke tot 3h
Ntnndirrt (Lib A l'.lectrle Co.
YounotoMn A Hmron Itr. A I.t.
MilHirlijn of rlillndelnhla
unio vauey.
Ba,
Ba.
Ba.
fli.
Oh.
Ba,
1034
1U3I
104J
1042
tO'JII
1031
A.tiarlnitn HllllMll
New orU Central. .It. It,
Northern 1'iHinr ii. H.
L'nlon I'afltlo Kallrond
Kanln.
TCniitn. . .
Equip.
Ah, 1082
an. mui
7, Serial
7a. Srrlni
is. hrrlal
Samuel K. Phillips & Co.
Mriubrra IMillaileliihla Stock Excliuucs
B07 'HliST.NUT hT.
ailllllllllllllllllllllllllllllllllllllllllllll
S Kilabllshed DSD E
H.F.Bachman&Co. I
S Members S
New York Stock Exrhance
Philadelphia Block lixchanee S
New York Cotton Ksrhanre "
1128 Wnlnitt St.. Philadelphia
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiliiiiiiiiiiiiiiiin
WANTED
An underwrltliiK company to take th
balance of nil elKht per cent pteferred
atock laaua larrjlns: a common bonus.
Thla la In a moving picture concern
whli h can show ery Rood reaulls in the
puat and ecllent future probalites.
Ilox C G15, Ledger. Office
NEW ISSUE
$2,000,000
The Northern Ohio Traction & Light Co.
Six Year 7 Secured Gold Bonds
m
M
Interest June 1st and December 1st
Due
1920
The earnings of this Company have continued to improve month
by month through the recent period of increasing costs.
STATEMENT OF EARNINGS
Increase Increase
Over Corres. Over Corres. . '
Twalve tos. Orois Period of Net Terlod of Interest on Times
Ended Earnlncs I'rev. Yr. Earnings Prev. Yr. Funded Debt Interest
1910
January ...$7,371,701 14.4 $2,042,870 2.1 $760,572 2.6S
February .. 7,512.839 15.7 2,076,640 4.5 772,551 2.68
March .... 7,627,490 16.3 2,084,356 4.4 775,530 2.69
April 7,766,355 17.5 2,113,328 5.4 778,509 2.71
May 7,917,504 18.5 2,145,158 6.5 781,488 2.74
June 8,070,623 19.6 2,178,504 7.5 793,948 2.74
July 8,241,265 21.0 2,215,689 10.4 800,752 2.77
August .... 8,410,975 21.7 2,263,939 11.7 803,872 2.82
' September . 8,544,037 21.8 2,300,526 13.2 806,727 2.85
October . . 8,756,506 242 2,372,300 18.8 809,844 2.93
November . 9,022,288 27.2 2,490,392 2t7.1V 812,960 3.06
December .. 9,227,840 27.7 2,549,715 27.3 815,781 3.12
1920
January ... 9,412,465 27.7 2,631,438 28.8 818,350 3.22
February .. 9,606,809 27.9 2,695,013 29.8 821,112 3.28
March .... 9,872,049 29.4 2,777,544 33.3 823,075 3.37
April ....-10,108,934 30.2 2,831,065 34.0 827,888 3.42
j
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The increased earnings have not been attended by anything like a corre
sponding increase in debt. As a result the ratio of net earnings to interest
on funded debt has steadily increased from 2.65 times for the twelve
months ended January 31, 1919, to 3.42 times the twelve months ended
April 30, 1920. Net earnings for the latter period are over 2.96 times the
annual interest on all bonds outstanding, including the present issue.
The Company's successful history, the character of the territory served,
the value and large earning power of the property emphasize the strength
of this security.
We recommend these Bonds for investment. A more detailed descrip
tion of this issue ivill be sent upon request for Circular PL-310.
Offered if, as, and when issued and received by us, at
96 and interest, to yield about 7.85
Denomination $1,000, $500 and $100
The National City Company
Offices in more tlian fifty cities
Philadelphia 1421 Chestnut Street
Telephone 3100 Locust
The Information contained In this ndertlaement Is based upon official
statements and statistics. We do not guarantee but believe it to be correct.
, mm
the Knowledge
T OF
rOWERI
s t&lf . traJEt W3tVftrYlnb daWL.
-aj "'a-WyTyir WfyTTrW-fcCSV V-T fisfcw-ifeScHlllll Pill lUfiZztjk-r
I your
knowledge that you have behind
every comtnei .ial transaction, the
prestige and power of one of the country's
oldest and most representative banks, contri
butes a measure of confidence in your business
dealings which in itself makes for success.
TN addition to this, a connection with this bank brings to your
business the practical co-operation df an organization trained to
give definite, concrete service and to perform its functions with an
intelligence and dispatch derived from long experience in the field,
of commercial banking.
, . THE
PHILADELPHIA
NATIONAL
BANK
42.1 CHESTNUT.STRECS!
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Fidelity Trust Company
JUember Federal Itestrvo Busttm
Capital $5,000,000
Surplus $1 6,000,000
Downtown Office! Droad Street flflleai
SSH-SM Chestnut Rl. N. fe. Cor. of
4S-BS B. Fourth St. Brniid a Chestnnl
K. B. CARR
Accountant and Auditor
Penns)lvania Bid?., rhildelphla
GIRARD TRUST COMPANY
., Lapttal and Surplus, $10,000,000
P
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1Wr-"'li 8!EW
Chartered 1838
JN its own Interests this Instl
tutlon maintains corps of
realty experts in tho Real
Estate Department. The ex
perience of tho staff, backed
by the integrity of this Com
pany, is at tho service of our
clients at remarkably reason
able rates. 'The accounts of
large or smalt estates aro
respectfully solicited.
DROAD U CHESTNUT 3TS.
Philadelphia
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