. ." r?T.r jr'viwi .i -J-'X '.. :-- ';. 'K Y :Y ' I rv u " n -r VVJV 1 r . . EVllf& pfeBLlO imdAPHU; THTJttSDA, JULY 290 19 FLOUR PRICE IKS AT MINNEAPOLIS Reduction of 75 Cents a Barrel Follows Slump In Wheat Quotations BRITAIN BUYING U. S. GRAIN Minneapolis July 20. TtePctin,: the lumii In wheat Prices, flour dropped TpTrdny nt nil large m " here, one It he lirficfit mlllH roportlnR n redtie tied of seventy cents a Imriel mid nn other a M-venty-flve-ccnt drop. e. terdnVs iuotot Joiw were $1.1.50 o I3 M n barrel lit carload lots, in nlnetyelRlit-Pouud cotton sockM, for family patents. Hrnn also dropped to. $4R n ton from ye.Merday's quotntlon of 54". "Burton count v in the banner wheat rntintr of Kansas this year, with fin Sited yI"W "f 4.000.000 bushels, valued at $ll.r.00.000. It baa a popii Uilon of 1.1,000, which means Its wheat Xt tlita year Is worth .$(140 per ranita for every man. woman nnd child In the county, to say nothing of the corn and other products. It has hod no harvest labor shortaRe, and much of the threshing has been finished and the floating labor has been filtering away to Nebraska and other fields, following the ripening grain. Ilnjing tor export to the T'nlted Kingdom has resulted In jeonsldeniblo trading In new club wheats in Wash ington and Oregon, with farmers hold Ing for n price that will mean $2.G8 f. o. b. Puget Sound, drain has changed hands nt nn opening figure of, $2.00, with the bulk at $2.40 to $2.Ct. Bids on new hard whites tun tttlout a nickel over the clubs. England Won't Huy Flour Northwest millers arc not operating. They have nil the wheat -they require, and on taking invoices of stocks of flour on hand all plants in this territory find they have unusually heavy stocks where they expected n clean-up by the begin ning of the fiscal year. From known disclosures to confiden tial agents in the north coast wheat territory, It Beems certain that England will resume its pro-war practice this year of buying wheat, but (io Hour In order to retain the feed and residue and to keep Its own mills in operation. North coast mills must therefore look to the Atlantic seaboard and the south eastern states for nn outlet for their surplus, which will show triple what It was In 1014 due to the Increased mill capacity during the wur. No Loans for Speculation Millers arc confident that thcro will be no loans for speculative purposes this year. Plant that have been necus tomed to finance their wheat supply for Rix months to n completed season ahead have been quietly advised that funds to buy wheat for n three months' run will be the greatest they inay expect, such loans to bo handled through the Season nn Mm ntlintv.iliiv Tinala li-nrm. ers will get loans of about $1 per iKlliltltl iA - .u .... . - . - .1 ll .. . -11 uupiici iur expense money nnn uie sman operator will be eliminated. Estab lished grain dealerh, It is intimated, will be left to take earn of themselves. This financial program in mnrkcting wheat in the. north coast territory will, " nv.ti v. .. Tl.l. 11, llu .'.Mill. IIUI1 of the speculative feature and result In n nlinrn nnd nlllek rtmnl'C of hands from farmers to dealers nnd millers and movement to primary storages, thereby releasing rolling BtocK urgently required tor olticr commodities. Washington, July 20. Wheat from lent year's crop carried over info 1020 totaled 100,1118,000 bushels on July 1, comnared with 48,001,000 bushels of the 1018 crop on hand tho corresponding day last year, said an announcement yesterday by the Department of Agri culture. Stocks on farms, in country mills and elevators and in points of largo accu mulation nil showed nn increase over 1010 totals. This year farmers held 47,750,000 bushels, against 10.201,000 bushels In 1010, thff figure perhaps re flecting disturbed transportation condi tions during the last year. At tho larger central storage points this year the department found 21, 574,000 bushels, against 0,032,000 in tho samo places July 1, 1010. In coun try mills nnd elevators this year thero are. .10,088,000 bushels, while in 1010 there wero 10,708,000. SENT WIFE POISONED CANDY Tennessee Farmer Said to Have Told Another Woman of Intention Nadu Me, July 20. George Llttnlal, a young farmer of Sumner county, has coiucsHcu, uivjiruiuK hi me ponce ucru, that lip sent the poisoned candy to his wife. Mrs. Susie tiittrtial, nn Inmate of the MIddle'Tcnnessec Hoipllnl for tho Insane, which resulted in the death last weeit ot mrs. ijizzip urooits, nnotner in mate, and the serious illness of Mrs jjiunmi uim iwo uuspuui uiieniinnis. The confession, as made public by the police, quotes Mttrunl ns saying that he had communicated his intention to attempt to poison his wife to a young woman neighbor, whom, it was said, he had planned to marry. c New York Bonds ISkVER m S1000 From Openln Until 2 p. m. (N. Y. Time) A Tel & Tel elt 1 7Bi; 0 76 3 A TAT ov 4i 1 78 1 78 3 78 A Tel ft Tel Be 3 TOM n 70 1 75H B 75H A Tel & Tel 1. 1. n. 1. 1. 1. B. s. A W Taper Be B TO Ana-French Be 03 W 03 U 03U D3U 03 03 U 03 1 01 4 01 D Canada '31 s eav, Erie rjenl Lien 3 83 Erie It It cv A 1 31 !i Krle 11 n cv 13 1 33 Krle P. It cv D Erie ItR Co 4 k 2 48 1 18 10 48 ,fjn'l Klcc 6s pirn ii iiiin;i!iiiiiiiiiiiiiiiiiiiHiiijiiiiiiNHiiiiiiniiiiiiii!iiHii Earnings 5.83 Times the Annual Interest The stability of well-secured convertible short-term notes has long made this form of investment a favorite with conservative investors. The five year secured 7K gold notes described below occupy a very favorable position both as regards assets and earnings, the audited earnings for 1919 being equal to 5.83 times the annual interest on these notes. With such earnings, the 8 yield made possible by present conditions is decidedly unusual and the privilege of conversion into the preferred and common stock adds an opportunity for enhancement in the value of the principal as well. A Complete Unit in an Essential Industry Factt and fgurti compiled bv the Sinclair Companv Produces, transports, refines nnd markets petroleum prod ucts. About 1 D00 producing wells. Approximately 2800 miles of pipe lines. t)4- pumping stations. Over 1000 tank cars. 10 modern refineries with total dally capacity of about 4.5,000 barrels. 10 casinghcad gasoline plants. 400 distributing stations in 20 states. I About 6,000,000 barrels crude oil in storage. Murine fleet of 50,000 tons in service. 1919 net earnings before interest and reserves $21, 890,808 Total similar net earnings for last 3 years $50,000,582. Pennsylvania personal property tax of four mills refunded To yield 8 Five -Year Secured 1Vi Convertible Gold Notes of the Sinclair Consolidated Oil Corporation vhich has furnished us villi Ihcjolloiciiig hiformalion : These $50,000,000 Secured Notes are the sole funded debt of the enterprise, excepting equipment notes and other items aggregating about $5,275,800, and against this the audited statement shows total net assets, including the proceeds of this note issue, of over five times the amount of the note issue. The consol idatcd net earnings over a series of years makeaconsistcntandconvincing record, theauditcd statements showing an amount available for in terest, depletion, etc., equal to 5.83 times the annual interest on these notes for the year 1919, and averaging over 5 times such interest for the past three years. The notes have the benefit of a sinking fund provi sion at the rate of $2,000,000 every six months for the purchase of the notes at or below 100 and interest. A feature is the noteholder's privilege of converting each $1,000 note into $1,000 par value (ten shares) 8 Cumulative Sinking Fund Preferred Stock and 2 shares Common Stock of the Company. These secured notes moy be purchased in denominations of $1,000, $500 nnd $100. Interest payable without deduction for the Federal Income Tax up to i, Writo for illustrated booklet I Vc offer and recommend these notes for investment at 98 and interest, to yield 8 Graham, Parsons & Co. 43S Chestnut Street j Philadelphia The ttatementt presented inthh adcertliement, while nortfuarantted are obtained from toureet which we believe to be rj&able. ' 1 jlHl.lllllllllllllllllllli Issued under the Philadelphia Plan $250,000 Virginia Railway and Power Company Car Trust 8 Gold Certificates PHILADELPHIA TRUST COMPANY, Philadelphia, Trustee Certificates in denominations of $1,000 each, may be registered as to principal Dated July l, 1920 Due Serially as follows: $50,000 July 1, 1921 $50,000 , $50,000 July 1, 1922 $50,000 $50,000 July 1, 1925 .July 1, 1923 .July 1, 1924 Warrants for semi-annual dividends mature January 1st and July 1st. Certificates and dividends Payable, at the Office of the Trustee. Certificates may be redeemed as a whole on any dividend date, upon 30 days' notice, at 101 and accrued dividend. The equipment under the trust will consist of 50 safety cars to be built by the J. G. Brill Company, at a total cost of $325,700, and is to be leased to the Virginia Railway and Power Company at a rental suincient to pay the certificates and dividend warrants as they mature. Title to the equipment will be vested in the Trustee for the benefit of the Certificate holders until the last installment of Certificates Miall have been paid. The Virginia Railway and Power Company owns or controls through lease the entire street rail way, electric light and power business in Richmond, Petersburg, Norfolk, Portsmouth and Berkeley; the electric light business of Suffolk and the City Gas Company of Norfolk. t Vpon the baB3 of eleven months' complete returns the net surplus for the twelve months ended June 30, 1920, after all charges, but before depreciation, ft estimated at $1,500,000. We offer these Certificates when, as and if issued and received by us and Bubject to approval of legality by our counsel. Price 100 and Accrued Dividend, to Yield 8 CASSATT & CO. NEW YORK COMMERCIAL TRUST BLDG. BALTIMORE PHILADELPHIA PITTSBURGH SCRANTON 5. A.. 1.. 3.. 8.1.. oav, on d 8i n oou 00V4 (MH, 00 u oo w 00k 0tt DUtt 3. 1. 6, :. 1. 2. A T ft B Fe 4 2 73?k 1 74 B 73 a 73 1 73 Atl Coaet i 4...V. TIV Atl C k V 1 0SH A C Ii rci 7 4 IH'.i 4 07?, 1 07V 1 07 nalt ft Ohlu cv 1 7H 2 07V i r.7, 0 B7H 1 68 BdltftOhto it a nu 8 68T4 Halt ft Ohio M 2 BSVi 2 H8H B B nalt ft Otilo Of 8.1 ft 0... 1... Gov't land rcta n.... 102 1.... 103 2.... 102H 3.... 102 Hud ft Man (d l ns 2 r.4 io em llud ft Man In B 71 III Central (H 8 82 tit Htcol lHu 11..1.. 7ft; Inel u Blccl On 1 80 lntboro M 4i 10 12 1 12 In0 M ct 4a u 1 1 '.i lntboro rt T fd OP 85 SB 85 85; 83 83 L.' E 6., .. . 1.. n h'.'. ' 6.. n ft & W Va 4a n 85 1 S3i 1 BBS B ft O B W'n niy 8 1 67 D ft O. Tol 4i 2 ... 43 V, 2. ... 13U Beth Steel li 1 80 Beth M 58 '3tl 1 .... 77 Bkyn Hap T 7 1 35 Ctn'l Lea'r 5a 1 00H Cent I Pao lit B 00 l cn C A Ohio 4n 3 .... 70 C ft O cv 4a 2 71 C'U ft O cv 5a 2 73 C-k ft o n A Dlv lat 2 02i C n'n t Q CT r. 7tj 1 73 Chi B ft Q neb 2. ... 85 C B'n ft 4a r.. 5... l... l... l'.' . CM ft 1... 1 .. 1 03 M 03 N. 03 VJ .. D3 .. 03H . 03 U . . 03'. . . 03H Own 4a .. 51 .. 51 Bl Chicago Mil ft Stl' cv 4a 1 .... HJK I , 02', Clllcacn Mil ft Btl urn a 1. . . 00 Clilcnco Mil ft Pt P cv Ba 1 01 3 ... 03 CftN'nBa '87 10 00 Chi ft Nwn 7a 2 00'i 3. ... 00 1 .... 00 1 ... OO'i Cht It I ft V M 1. . . 05 t . . fl 1 . . 05 2 Bt 1 . .. OH, 3 ... U 2.. ., 04 Chi II I ft P 4a 1 60 rt 08 Chi Union Hta ct 0a 1.... 103 3 102 Chi ft W I Is 1 B3H Chllo C'op'r 0a 0 10 72 4.. . 72 Chlnoae Oova't IMC Ilya Ba B .... 44 City Uord'x 0a 1 . .. 84 City copenna. sen Bs 1 74 City Mars'a Oi 5.. .. 84 City Parla 0s B 02 0 02 1 ... 02H 0.. .. 02K era cin chi & St I. 4a 1 71 1 71 Col ft H'n 4a 1 06T, 2 00 1 00 Cona'd Gaa 7s 3 07 1 07 2 07 Cuban C B ov B 01 B .... 05 10 03 lien ft It O fd 0 72ii 2 .... 73 DpI ft Hud 7b' 1.... 100 '.'.... 100 Den ft n a 4b 1 03 10 03 Den ft It U Os 3 60 D Can Ba '21 1 07 D Can 6 '21 1 .... 07 1 00 D Canada '20 2 01 1 01 1 4... 2... 1.. 00 , 00 , 00 . 00 , 0!i , on ..uo Bwltzer- 4 75 B 75 Penna n, II Ba 1 82 Vi B0 82 15 82 B 82 1.... 81 Penna II n 7a 3.. 3.. 7.. 1.. 2 u. 2. . v.. I., n.. i.. o.. 10J 102 102 102 102 101 101 101 101 101 102- 83 II 3 41 43 ..43 43 13 Peo'a OR" I' ft Coke Co 0B 1 00 1 B0 rero Marat 5b 1 73 Puullo Service C'n N J Ba 2 00 IVadlnc Hit 4t 2 78 1 78 B 78 0 78 Klo O ft W clt 10 nock laid Ark ft , 4s 3 .... 03 St U I'n Mt ft B Kwy Ba 1 .... 82 8t L I M ft B n ft O D 4B 6 04 St I.oula ft Fran aj 2 .... 00 00 00 ft Int'l Merchant Marino 0s 1 W, 2 83 1 83', 3 83 Jap Gov't lal 0 73 1 73 8 72 3 73 1 73 Jap Gov't 2nd 1 B 1.. 4.. Jap B.. 3.. 1.. 1.. 1.. B. - 4 72 Oov't 4 . ..Bt ... 54 ... B41i ... 54 ... 54 ... 54 Kan C Kt H ft M Hwy 4a 2 5ft"t 1 601, Kannaa City .V South'n 5a 1 1 Kingdom cluni 0a 4... . klnndom Blum 0a 1 Kingdom 00 00 He! '21 08 Del '25 03 llel- clum 7 3.. 1.. r... B . 3.. 8 . 3.. B . 00 fi'i on on on nn no nn nn on 08 OS', oo ns ; Llc't ft Myera Tob'o Co 7a 1 102vi J . iu: I, Isl It 5a '31 1 77 L ft Naah 4a 1 50 Loula A Naah rcta 7s 3.... 101 Man U Sta 4a rt . . .. 40 , i. ... r.o Mld'e B ft O 5a 1 . .. 75U Mln ft St 1. 4s 1 117 Mln St P & 3 Sto M 4a B ... 7214. Bio 1'ac gm 4a Bl 51 Bl 51i 51 51 BI 01 1 0. 1. 1. 0 3. Mo Kim & Tex Kwy 4 s 2 B3 Mo Pacific fls 1 85 New O Tex ft Mexico 1h 10... . 68 1 58 N V C ft II 11 n n 3 1 04 2 03 N Y C ft II n II R 4b 1 70 1 70 N Y C ft II n n R 4 1 71 2 72 n v n ft ii n Hit Ba B 811 'A N Y t! 4 II B n It 0a 2 80 2 80' 1 88 B .... 88 2 .... 86 1 80 New York C'l L. B 3a 1 50 1 B0 N Y Tele's 0a 4 85 1 85 N Y West C ft Boston 4a 4 I30U N'k ft W'n 4a 0 73 N'k ft W cv 0s 28 07 28 07 1 07 -' 07 0 07 N'n Pacific 3s 3 Bl 1 51 1 61 2 3 B1U N'n Pacific 4a B T3U .Oreaon R It 4 Navl Co 4a 1 71 ,Ora--Waah'n n Co Nav Co 4 s -' 05 2 0B 1 04 1 05 U Pun Q IS Ii 1 74 Pro T ft T Bs 7 82 1. Fa R rra 4i a 75 1 61 I.oula Kran In 1 B 50 5 . . n no "". l .... 10. 47 47 17 47 47 47 47". 47 Ht L. ft B Krun tierl'a A 3 51 2 ... 01 ... B( .. 51 . . 51 51 .51 ft Snn lat . . 2 .... 02 i ft Burn 5b 00 SUFFRAGISTS SEE VICTORY Tennesaee Sure to De 30th State, Says Miss Alice Paul Wnshlriffton, July 20. Kntiflcntlon of tho woman milTrngn amendment by tho TenncBRoo Legislature Is regarded as certain by the National womun m party. "Miss Alice Toiil, head of the organi zation, announced last night that the latest poll made by her lieutenants on tho ground shows that thirteen of the necessary seventeen votes in tho Sen ate have been definitely pledged, and that thirty-five of tho necessary fifty votes In the House arc assured. Sev enteen votes constitute n majority in the Senate and Jlfty it majority of the House. It is felt certain that with more than a majority In each House Ntill unpledged, while only four more arc needed in tho lower branch and fifteen In the upper, thero is virtually uo chance of failure. If Tennessee does ratify the necessary thirty-sixth state to make woman suf frage effectivo by federal amendment will have been obtained,' nnd 11,000, 000 women who would not otherwise have the right to vote may go to the polls and vote for the next President in November. 'GAS' STREET CARS URGED WOOL IMPORTATION STEADILY GROWING Increaso to Juno 1 Over tho Previous Year Was 40,- 365,538 Pounds EXPORT 11,013,491 POUNDS Ford Save 23 ,) 1. 1 Stl. 1 1 Kt I I & n 4 1 8' ll 1 1 1. 5 B Eeab'd A I. a) 3 .. . 33 2. . . 324 19 .. 32 Heab'd A I. 4s 1. .. 50 S'n Hell Tel B ... 85 I'acina fd .... 73 ... 73 Pac cv 5a . . . . 03 .... 1'3 03 . . 03 . 03 H 04 Eo'n Pao Ter'l 2 rtl" 5 04 E'n Hnlltv'a 4a 1. ... B7 1 57 ... . B0 5 57 10. ... 50. B'n Rallw'a Ba 1 80 2 80 B 80 3 80 B 80 2 80 Third Avo aj 10 20 Third Ave s 0 40 0 39 Union Pac cv 10 70 1 70 3 70 B 80 4 80 Union Pac fd 2 .... 71 2. . . 71 Union Pac 4a 3 80 3 80 5 80 U K of a llrlt ft I'd 1021 2 HI 1.. 3.. 4., 10.. 0., 10.. 10.. b.; 10.. c. . 4. 0. 1. 1. 1. U K 05 05 H1 !"! on nn on mi t mi im oo i 0'I U K of il llrlt ft I'd 1022 ... 'H ... HI ... 0 1 . . . t'li'i ... HI ... HI ... HI of O llrlt ft I'd 1020 1 85 1 85 5 85 U K of G llrlt ft I'd 1037 1 84S 2 84', 3.. ., 84 1 l 2 ... 81 . V B Mexico 4a 1.. .. 20 1... . 2S Ut'd Ilwn ban P unct 4i IB 21 U 8 Hub'r B 2 .... 7 4 .... 77 1 77 1... . 70 U B Kmelt Il'c ft M'B Co flu 2 9(1 U S Pteel 5s 1 01 6 01 3 .... 01 B 01 1... . 01 1. ... 01 Va 8a llrown Ilroa Ctfs 10 60 Vtfa Carolina Chrm Co lat 1 02 Va Itawyo 5s 0 70 Wabash It 1st 1 82 Wes'n like 5j 1 04 1 04 Weafn Mrt 4 s 1 48 2 48 4, .... 47 1 17 West Shorn 4s 0 07 4 07 WllBon Co cv 3 85 Wllaon Co 1st 8T Shows How Detroit Can Money by Its Use Mayor Conzens, of Detroit, has re- rnlvorl frnm TIpnrr Vnrii n rCnort con taining llRiiri'M on the cost of operation nt fhn trnvnllnn street rnrs which he proposes to iikc on the municipally I owned lines, sajs the Detroit rsews. Although he had not yet had time to digest them, the nmyor said they in cluded a comparison of the cost of gaso line car operation with D. T It. cars, ns shown by the audit of the traction company s boolts mnuc ty tue ciry 8 auditors in nettling the penny transfer dispute. This audit showed that the cost of operating tho D. U. It. cars was HIJ.OS cents tier car mile. Mr. Ford's figures, nllowlng for an overhead as great as that of the I). XT. It. which the major does not believe necessary, indicates that his gas rur will 'effect a raving of $1100.(U7.4.T a year ou a car mileage of Il.l.ODO.OOO. Tin D. U. It. cost was .'IH.08 cents a car mile. Mr. Ford figures on a cost of ill, 01 cents a car mile. SAVE PHILA. GIRL AT SHORE Llfeguarde Pick Up Exhausted Swimmer Near Helnr Pier Atlantic City. July' '."O. Lifeguard Thomas Cowcll. former star of the Wc-t Philadelphia High School, yesterday rescued Jack Plckford, a Cauodiun vet eran of tho world war. when he fainted in deep water off Tennessee avenue. Vhile hundreds of promenadcrs on the Boardwalk looked on guards res cued Miss Marie Ueohels. of Philadel phla. when shp became exhausted while attempting to swim nrotind the Heinz Pier. Washington, .Tulv 20, Wool Impor tations increased ' 40.ll.".n8 pounds during eleven months ending .tune 1 this j ear. over n similar period In 1010. according to n statement just Issued by the National Association of Wool Man ufacturers, uhirh reads as follows: "The total Imports of wool for the eleven months of 1018-1010 wero J100. 1 rt2.8T.t pounds and 400.408,411 pounds in 1010-20. divided as foiiows: Class 1. 321,1:18.871) poiindi: Class 2. 0,002.053 pounds: Molinlr. etc., 7.000,403 pounds; Class .1, 07.077.071 pounds. During the eleven mnntlw nt 10111-20 the Imnorts of Class t wools slmwa nn ncrease of 35.0.10.002 pounds; Class 2, wools. In eluding mohair, an Increase of 7,850, 257 pounds, and CIiifs 3 wools ft do crease of 3.13.1.000 poundt. "The imports of cloths of wool during the eleven months given above show an increase in qunntitv. of 3,124.021 pounds, equal to -1,747.040 square yards, and nn increase In value of $8,212,100. Of the Increase in pounds 2.R02.00S are credited to tho United Kingdom. "During the eleven months 11,013. 101 pounds of loreign wool, valued at $11,155,301, nnd 5.811,810 pounds of domestic wool, valued at $4,000,G80. were cpnrtcd. The total quantity of wool, both foreign" nnd domestic, ex ported in the period was 10,825,310 pounds, valued at. $10,101,S03. "The exports of woolen rags in the elcun months were 20,433.834 pounds, valued nt $3,820,755, nnd In 1018-101!) they were 10,073,020, valued at $3. 135.820. "American -mnde blankets, valued at $1,000,050. and cloths nnd dress goods, weighing 10.430.030 pounuV. equal to 14,5.10.230 square yards, unci valued ot $25,S13M51, wore exported in thei eleven months. The exports in the same , period lust year were: Blankets. $012,-, COO; cloths and dress goods. 3,545,352 1 pounds, equal to 01.172.470 square ardi. valued at $10,008,328. "The total import value of all manu factures of wool nraounted to $12,121. 378 in the eleven months of the fiscal i enr 1018-10. and to $38,007,034 in the1 corresponding months of 1010-20, show-' iug an increase of $25,880,250 iu the jntter period. The increuses were, wool. $2,717,014; tops. $1,040,205; carpets, $5,720,388: cloths, $8,242. 100; cloths of mohair and alpaca, $.170,005; dress goods. $1,718,001; wu-te-, nnd tags. $5,220,788; yarn, $2,772,237 ; all other, $1,101,705. The imports of wearing apparel decreased $004,1 17. MAN KILLED IN COLLISION Twelve Others Injured In Tralrt Crash Near Eric Krle, l'ft., duly 20. William 'Am mcr, a track laborer, of Kdlnboro, Pa., was. killed and twelve persons were In jured when a passenger nnd a freight car collided on the Northwestern Penn sylvania Klcctric Hallway two miles south of Krle yesterday. Failure of tho freight train to take a switch was given as tho cause of the accldoht. The Berlously injured were Mrs. P. 11, Sheridan, Chicago; Mrs. I. ,T. Klowier, Cambridge Springs, Pa.; John Hopski, Krle: Air. nnd Mrs. Jacob I. Mohn, Pittsburgh ; Austin Corll, motorman of Fassenger car; Lee Vaughn and Frank .cslie, freight train crew, of Meadvllle, Pa., and Archibald Steele, section fore man. Kdlnboro, Pa. All arc in Erie hospitals. f it' CHICAGO OFFICER ACCUSED. Charoed Wftfv From 8aloon Man a M . Detective 8crgeant Theft of $15,000 Chicago, July 20. Paul Peterson, detective sergeant, was formally charged with robbery yesterday in connection with the theft of $15,000 from Abe Nelson, a saloonkeeper. Peterson, holder of scverni swtmmlns; records nnd three times cited for bravery, is charged with persuadlne Nelson to draw $15,000 from tho bank to buy whisky and then arranging ' fake hold-up. '. Although his salary is only $2000 ft vear Peterson's bank book snows " & posita of from $150 to JjWio a, mpntn since January 1. according to Assistant District Attorney McKay. Nelson told 1 McKay that Peterson had $0000 in his . ,1 ,.-i -. !.- !.-- ,1.- I. .1.1.. . 'I I pocnet lit uiu nine i im- uuiu-ui'. Equipment Trust Certificates Union Pacific 7s Southern Pacific 7s Pacific Ftuit Express 7s Canadian Pacific 6s Virginian Railway 6s Issued Under Philadelphia Plan All Maturities Bought, Sold & Quoted Telephone Spruce 1480 Commercial Trust Company Member Federal Reserve Bank City Hall Square $7,500,000 Columbia Graphophone Manufacturing Company Five Year 8 Gold Notes To be dated August 1, 1920 To mature August 1, 1926 Interest payable February 1 and August 1 without deduction for normal Federal Income Tax not in excess of 2. Principal and Interestpayable at Guaranty Trust Company of New York. Coupon Notes in denomination of $1,000, registerable as to principal only. Redeemable as a whole or in part on any interest date, upon 30 days' notice, at par and interest plus a premium of Vi for each six months' period by which thepnaturity of the Notes is anticipated. The Company covenants to refund the Pennsylvania four-mill tax Each $1,000 Note will carry with it the privilege, at any time after February 1, 1921, and on or before the maturity or redemption date of such Note, to purchase 3 shares of common stock of the Company at $35 per share, which price shall be reduced if the Company issues additional common stock for less than $35 per share after February 1, 1921. Semi-Annual Sinking Fundjof $626,000 payable June 1, 1922, and on each December 1 and June 1 thereafter up to December 1,1924, inclusive, is to be used for the purchase or redemption of Notes of this issue; if Notes are purchased and cancelled other than by Sinking Fund, the semi-annual payment will be proportionately reduced. Guaranty Trust Company of New York, Trustee Fot information regarding these Notes, we call your attention to a letter I copies of which will bo furnished on request) from Mr. Francis S.Whitten, President of the Columbia Graphophone Manufacturing Company, which is briefly summarized as follows: The business was established in 1887 and consists of the manufacture of Columbia Grafonolas, Colum bia Records and Dictaphones. Columbia Grapho phone Manufacturing Company is one of the two largest companies of its kind in the country. These Notes will be the direct obligations of the Company which (excluding $250,000 real estate mortgages) has no other funded debt outstanding. They will be issued' under a Trust Indenture which will provide that the Company shall not make any mortgage or pledge (except purchase money mort gages or to secure acceptances made in the ordinary course of business) of any of its present or future assets without securing equally these Notes, nor shall permit any domestic operating subsidiary (as defined in the Trust Indenture) to mortgage or pledge any of its assets. The Trust Indenture will also provide that the Com pany and its domestic operating subsidiaries (as de fined in the Trust Indenture) shall at all times main tain current assets equal to at least 160 of their combined current liabilities, the present issue of Notes, any future issue of debentures and notes, and all guaranties (as defined in the Trust Indenture) of future issues of debentures, notes and other obligations. The operation of the Sinking Fund, which begins June 1, 1922, should retire approximately one-half the amount of this issue prior to maturity. Total Net Tangible Assets applicable to this issue of Notes upon completion of this financing will be over 413 times the par value of these Notes, and Net Current Assets alone will aggregate more than 313 times these Notes. The equity junior to these Notes is represented by $10,348,941 preferred stock and 1,209,762 shares .no-par-value common stock, which, at present quoted prices, have a combined market value approximating $40,000,000. Earnings, as certified by Messrs. Arthur Young & Co., Certified Public Accountants, have been as follows : Liberty 3,$s Liberty 1st -Is..., Liberty 2d -Is.... Liberty 1st 4.. Liberty l!d -lVls.. Liberty .Id 4 Ms.. Liberty 4th 42h.. Vic Note 3Hh... Vic Notes 4'J4s... inch 01.00 8.M0 84.70 85.70 84.88 88.80 85.20 05.70 05.74 (N. T. tlmM 1 ir p. in 00.08 85.10 81.70 85.70 81.82 88.80 85.20 05.70 05.70 Low 00.04 85.10 84.50 85.00 84.72 88.04 85.00 05.08 05.00 RAILROAD EARNINGS TLANTIO COAST LINE . 1"20 In juna iniM ,, IS.roa.osa rrtueo tSOM&O 3 Years ended December 31, 1919, average Year ended December 31, 1919 Net Income (after allowance for depre ciatlon and all taxes) $2,087,493 3,887,162 Interest Charges including interest on notes payable $394,873 262,960 Balance) $1,692,620 3,624,202 For the year ended December 31, 1919, the Net In come after allowance for depreciation and all taxes (but without allowing for any benefit to be derived from the proceeds of this issue) was more than 4 V2 times all interest charges including the maximum annual interest requirement on this issue of Notes. s For the six months ended June 30, 1920, the Net Income of the Company, after allowance for depre ciation and all taxes, approximated $2,900,000, or at the rate of over 6 times all interest including tho interest charges on these Notes. Price 100 and interest, to yield 8 When, as and if issued and received by us and subject to approval of counsel. Announcement aa to time and form of doUrex will be made about August 4th. All legal details pertaining to this issue will be passed upon by DUT7 Messrs. Stetson, Jennings & Russell of New York. Guaranty Trust Company of New York Kissel, Kinnicutt & Co. New York Chicago & Dominick & Dominiclc New York W do Mt cumiite the statement ani fliviee pteienled beieta but Uiejr are taken bom eoureei which va UIUto to battaxta. SI ii Tl f'lfl rJt 49 rs. 1 tn HI. r m iji Mi : m m 4 Tht alove MormaUon has betn obtained from source we regard o reliable. lv do not guarantee it, lut oeltcvo U to be correct. Dflolt after Uxei ,. Net opr, deficit,, Blx monthr rrosi.,, Jlalnnce arter taxes., ta oporailng fcjoomo Oca-cane. 417.H34 078,168 86,010,086 04.1,018 4,080.m 223,408 Lfe., 1.TTS.1M II 4, Ul, 38a 4 ) J m i.i.i'