r tsr r .) .. --..-. .- ..... - - , -- ' . ' ' f ' NEW ISSUg . , LL trl V, : I ' ' uFl f Exempt f romall Federal Incpnie Taxes and Tax Free in Michigan -: W? "''? ' i$8,473,006 ' ' ' ''"' ;v City of Detroit, Mich. , ' Direct Obligation ' i ' ' ' v 5' and 6 Coupon Bonds . '" ' ; ' Dated 1920 . Due serially 1921 to 1950, Inclusive . - Cotlpon Bonda.ln $1,000 denomination, fully reglsterable. Principal and interest payable InNew York City. J. t Legal .investment or Savings Banks and Trustees in New York, Massachusetts, Connecticut . and elsewhere. Eligible to secure Postal Savings Deposits at 90. ' f MATURITIES. - $3,900,000 6 vBonds dated Augilsl 1, 1920, duo serially August it ' $' - Interest dates February 1st and August 1st '... m' , . $3,573,000 5 Bonts dated May 1, 1920, due serially May tt 4 , Interest dates May 1st and November 1st j 5 $1,000,000 5 Bonds dated August 1, 1920, d'uo serially August lit 'j$$ ' Interest dates February 1st and August 1st , . WJW ' . ' 'W' . ' FINANCIAL STATEMENT ' !" (n ofiicially reported Aug. 1, 1020) y' Assessed Valuation $1,698,006,730 Bonded Debt, including this issue 4 42,762,856 ' Water Bonds '. -.,; $5,678,114 Sinking Fund 7,057,278 ' . v . $12,735,392 , Net Debt (less than 2 of Assessed Valuation) .' $30,027,464 The Net Debt of the City is limited by charter to 4 of the Assessed Valuation &?" Population 1910 census ; 465,776' ' I'ffi ' Population 1920 census , 993,739, .. - - These bonds, authorized at an election, constitute a direct oblirmtinn nf thr fiitv nt " UiS T.A.A!i. J I lir., f . -n i - 'y eirvT" j penult aim arc issuea lor vvaicr, acwer ana uenerai ruoiic improvement purposes, &i v " Maturities 1921 to 1923 inclusive to Yield 6.00 IVM " 19Z5 " to Yield 5.75 . 1926 " 1929 - " to Yield 5.50 . ;, 1930 1934 " to Yield 5.30 -1935 " 1950 " to Yield .5.25 Legality to be approved by John C. Thomson, Esq., Attorney, New York City. The above etatementa are expressions of our opinion, based upon Information and atatlstlcs obtained tttm ofllolal reports and other aouroes, which we consider reliable, and upon which wo based our purchase of these bonds. William R. Compton Co. Guaranty Trust Company of New York E. H. Rollins & Sons . Halsey, Stuart & Co., inc . Bankers Trust Co. NEW YORK Sfcacy & Braun White, Weld & Co. Eastman, Dillon & Co. Eldredge & Co. Detroit Trust Co. Blodget & Co. Edmunds Bros. Old Colony Trust Co. First National Company BOSTON ' DETROIT Merchants Loan & Trust Co. CHICAGO ) ;,'- It t ii il", --a- Niw York Bonds - fBAT.a itt ilOOSl From Openlnir Until S00 p. rti. (K. Y. Time) Amer Bmelt's a nefi'c o S TOU 10 TflH A T A Tel elt 1 T5H 3 70 Am Tel A Tel cv Hs S 80 A T A Tel Bs 7TW 77M 77 M 77M 7tH 77 H 77 H n.... 3 1 3 8i 1 4 A T A Tel 0s 1 08 W 3 OH'4 1 onH Anr-French Ss 00 M 19..,.. 3,v... 10....: 8 Armour Erie Oen TAeA' 1 89 H 6 80 H Brie IX n cv O T....4 8" H i now Brie IIRof D 1 87 H 10 87 H Erie ny Co 4s 1 49H 1 40H 4..... 40 1 B0 Oen'l Bleo 0s 1 08M O 8wltx'd rots 00 H now 00 H , OOH A Co nsstn 4tt r..... 7s B 74V4 B 76 AtchTopeka A B Fe 4s 1,.... 3 a a..... 3 1..,A 7BH I-.... 7B Atch T A B Pe cv 4s '00 10 81M Atch Topka A SKttl 3 00H Atl a Line clt 1 63 A Coast Line rets 7s 1 07 a 08 Bait A Ohio cv 7B 76 U 7BH 76 H 76 1. 8. 1. B. 1. 1.. 03 04 OtfH 04 04 03 Dalt A O SV4S 70 70 70 auuLrcc""if iiiiiliiiii i j AUtL"mviiii in n. in i i i miii ISsTifnBi i HI H WwTTTlT 1 SlIstMssf I " ftifS ym stHII IN the Center of Things, both business and shopping, and convenient to all trolley and railroad lines, this Bank stands at the hub of Philadelphia, fully equipped to render a complete business banking service to individuals, firms and corporations. We Invite You to Open An1 Account With Us Tilled. In the Center of Things 9 Opposite Broad Street Station A Batik Can Care For Your Securities As Well As For Your Money DEPOSITING your securities with our Safe ' keeping Department relieves you of as much responsibility as depositing -.your money-in a checking account. You know that . they are safeguarded and ' , yet immediately available. Our service includes Holding securities in our pwn vaults x Petaching and collecting coupons, and re ceiving dividend checks ' Collecting principal at maturity, and re investing if desired Making 'out ta,x certificates ' t Endeavoring to advise our customers of ' developments likely to affect investments,' such as notice of called bonds and stock ' subscription rights. , We shall be glad to discuss the safe -keeping of securities with"Vou. Commercial Trust Company City Hall Square West Member Federal Reserve System - v i 6.. 1.. Dalt A Ohio 4s 1 00 10 00 1 OOK 1 00 Bait A Ohio 6s 1 02 Dalt A Ohio Us 3 87 1 87 a a o p l n A W Va 4s 3 08 0 B8 1 68 B A O S Wn my as 1 70 B A O Tol 4s 2.,... 40 6 40 Beth Steel fd 4 78 Beth 8 6s '30 3 70 Bkyn It T 4s 8 31 Canada S'n 6a I,.... 78 Cent' I Tac 1st 3 00, C A O cv 4s 8 73 C'k A O cv 6s 1...... 70 1 70 1 70 6.... 70 C A Alton 3 3 33 C A A char B 3 83 C li'n A Q Kirf 63 64 63 63 M'n lclflo 3s 0..... OBH 0.,,.. 3 7 8. . . . . Ores A Cal 6a 3. .. . .89 8 80 Oreion B L 6s l.i... 80 Pao O A B Bs 1 74 Pao T A T Bs 2 70 Pa II cm 4a 10.... 16.... 1.... ID.... 1.... 10.... .l... 3.... 102 102 102 102 102 ' 102 102 102 102 Hud A Man fd 1 2 1 7 1 2, 66 64 64 64 66 .63 Hud A Man In I..'... 17 10..... 18 &..... 18 fl 18 1 18 8,.... 18 S 10 Ills Central fd 1 70 10 70 I q-8s '62 1..... 04 III Cen'l 4s '62 3 08 III Cen'l 4s '83 8 08 111 C C Bt Li 4 New O 61 4 74 Intboito M 4 1 13 3 11 I Met ct 4s 10 10 Intboro R T td 1 42 1.... 2.... I M Marino 0s 1 82 1 81 8 82 2 81 Iowa Cent I 4 s 6 80 1 30 Jap (lov't 1st 36 71 2 71 Jap Gov't 2nd 6 71 Jap Oove't 4s 43 42 42 42 64 64 64 6t 64 64 641 10 6. 10. 1. 2. 1. 3. Kan O I't S 4 M Itwo 4s 1 00 Kan C A 8 3s !..'.. 62 2 62 3 62 63 74 74 74 74 74 Pcnna It It 6s 1. 0. 10. 11. 1. 0. 4.. 3.. 1.. 2. 84 84 84 84 84 Penna 11 It 7s 102 102 102 102 102 102 103 103 102 4 1..N. 6.... 0.... 4.... 1.... 2.... 2.... 1.... Pere Marat 6s 6 77 Phil County cv 6 80 Pltts'h Cln A Chicago 6s 3 76 Reading Ily 4s 2 70 Ban Antonio. A A Pas !My 4a 2. ... 68 St Louis A S Fran aj 1 10 2 3 7 3 10 10 6 St Louis A a Fran In 8... . 3 0 1 . . .2 31 .... 0 0 0 1 St L A B Fran Berla A 0 .... 01 01 01 01 01 01 01 01 01 48 4H 48 4fl 48 4h 48 48 48 48 60 50 60 .66 65 60 60 00 60 66 S 1 C B'n A 6 10 l..-. i:::r. i. 6. 3.. 23... 70 75 Q 4s 03 04 03 03 08 03 .1)3 . 04 .04 1 01 Kan C A S 5s 1 05 6 05 3 05 2 05 Kan City To'l Rwy 4s 1 3 2 2 K Belt 0s '21 no il'lJel'e'oi '25 1 01 1 01 K Hclg'm 7s C U A Q II 4s i 77 0 77 C P'n A Q 7s 1 00 Chi A O'wn 4s 5 62 Chicago 'Mil A Bt P d 4s 1 80 5 60 Cnlcngo Mil A iUlcv 4s 1 .... 07 1 00 Onicago Mil A BtP fd 4s 6 - 50 5 611 Chicago Mil A , St V cv 6s 1 04' Chi A Nwn 7b 1 03 C II I A P fd y..... 03 1 05 2 06 Chicago Union Hta ct 0s 1 ... 104 3.... 104 Chi A W I 4s 1 64 Chile Cop'r 0s IV.... 70 City Uord'x 5a 6 83 City Copenha gen 5s 0 "75 1 75 City Lynns 0s 5... . 83 City Mars'n On 5... . 83 City ParH 0s 7 01 2 01 1. ... 00 2.... 01 Cons'd Gas 7s 4 00 1 P7 Cuban C B cv 1. 80 Dl A Hud 7s 1. 1. 1. 3 1. 100 100 100 100 100 2 101 Den A It Q fd 1 47 1 47 Dwt A II O 4s 6" 03 Dct Tun' I 4m 1 7Q 1 70 Detroit Unfd Hwy 4a 2 70 Dint's Hecur'y Corp'n 5s 1 .... 761, I Can 5h"J1 1. ." 07 D Canada '20 2 81) i. D Canada 'I'll 1 01 4 01 D Canada '31 3 bO'.i OTA 07 07'! 07 07 07 07 07 1)7 07 ..07 07 ,07 1. 1. 14. P. 1. '4. 5. 4. 1. K of Italy 0 10 02 1... .5)3 Lnko Shoro M H'll 4s '31 2 77 Long Isl It fd 1 02 L A Nash 4s 1 77 1 77 LAN rets 7s 1 102 Mln St P,A S Hta M 4s 2 7(1 2 70 1 74 Mln 8t P A S Ste M alt 4s 3 85 Mo K A T 4s 1 53 5 53 Mo Pao cm 4s 1 62 1 62 2 52 2 62 Mo Pac 5s '23 10 87 Mo Pao 5s '2U 1 82 2 82 Mon'a CV nt Rs 1..J.. 85U Mont I'ow'r ts 1 80 National Tube Co 6s 10..., 4 New O Tex A Mexico 5s 1 40 N Y C A II It It II 4s 6. ... 74H N Y C A 11 n It II 0s 80 80 88 88 .88 8H 88 88 6.... 1... 6.... 10. .. 1.... 1.... 1..W 1 ... St I. A S Fran Series B 1 08 1 07 St L A Bwn en 3 64 1 54 1 54 1 65 SLA Bwn 6s 1 65 I ..54 !. . . 54 St P'l Minn ft M 4s 1 4 1 .. Scab'd A 1 1 . . itieabnard 4s Station 10 50 S'n Pacinio fd 1 73 1 73 B'n Pacific 4s 1 05 1 05 S'n Pac cv 4s 8 74 3 74 B'n Fiicifle 5s ! 05 S'n Paccv 6s l... 05 5 1)4 S'n n.illwn -IN 83 83', 1 8 2...s 1... . 0 O 1. N Y Cent' I M Cent"! 3 1 .... 58 N Y Chi A St Louis d 4s 2 (18 N Y Dk Co 4 2 .r. . 02' 1... . 02 Now Y N II A Hart'd 0s 2 73 N Y Itlwys 8s 0 6 V, N York State Itlys 4b .5 47 I) '.... 40 1 4t!T N Y Telo 4s 4 75. N Y Telo'a fls 5 HU 2 H0i N'k A W d 4s 40 70',4 N'k A W cv 0s 10 110 5 nil 5 .... 00 3... . 00 85 85 85 I. a) 32 32 A L GOSSIPsOF THE STREET i.. 3 . 5. 5.. 23. 5 . 1.. 1,- 10 A:: 50 50 511 59 311". 5') 60 511 50 30 S'n Hallux 5i 1 82 6 82 1 82 Std Mil Co na 1... .81 Tex & Pac 1st 5 ... !0'j Third Ave Is 38 38 3S U'nlon Pac cv 1 80 1 80 Union Pac fd 2 73 1 If.... a 7. 1. Union Pac 4s 1...... 80 1 . 80 U K of G llrit A I'd 1021 6 00 1 110 5 00 UKolO llrit A I'd 102J 6 '. ... 00 UKotn llrit A I'd 11)20 5 81 U K of O llrit A I'd 1037 2 .. '. 81 U S Mexico 5s 1 35 U 8 Itub'r 5 s 2 77 4 . .. 77 1 .. 77 2. 77 U 8 Itub'r 7b 3 .. . 08 '-'.. . 08 U 8 Hub 7s 73 73 73 74 73' Detpito the softness of tho market nnd its sensitiveness to bear .pressure It is tho opinion of recognized shrewd- observers thot tho cenernl list Is scrap ing bottom. This applies, of course, mora to tho recognized standard issues of both the industrial and railroad lists. One of the best posted traders in dis cussing tho Bltuatlon asserted yesterday mat tnero wcro many Bigna indicating a turn in tho trend of market values not far distant. This, ho said, docs noi nppiy to tho market tomorrow, or next week, but within a reasonably short time. Unless the country Is facing an unforeseen Catastrophy, thcrophould do a radical reversal in the temper oi speculative sentiment. One of the sure signs, he said, of on early turn In the market tide Is to be found In the conspicuous wenkness of what is now termed "unseasoned se curities." It was formctly the custom to designate these peculiar shares as tho "cats and the dogs." In the good old dayn when the bonks began to throw this riffraff out right and left from collateral loans,. it was a protty sure sign tho end of the bear market was In sight. "In my opinion," he said, "the bears havo already overreached themselves, and this theory would be quickly con firmed should some unexpected big piece of ball news turn up. Then you would rcc one of tho moHt disastrous Wntpr loos the bear camp ever suffered." Traders Are Disappointed "Tho present hcsitaVicy of the mar ket i n surnriso to many traders who looked for a moro contonticd rally from the low prices of last week," said n rromlnpnt untown broker yesterday. "According to tho advices we havo received from New York, there Is a feeling that the market is now hanging In the balance, with odds slightly in favor of its oroine un nnd our cor respondents bolicvc ttint sentiment Is moro ontlmlstlc on general conditions in this country than it was ten dov9 nco. In view of tho uncertainty of the i Polish situation, howcv.er, nnd the fact there Rooms to bo no marked Improve ment In many lines of basic Industries, tho market naturally lacks connden'ce. In my opinion tho qld Morgan maxim, "that any one who goes short of U. S. A. will go broke," holds good. New French Loan Immediate announcement! with re spect to a possiblo new French loan to refund part of the Anglo-French indebtedness maturing fa October, is looked for. It was of interest to note tliht M. I'armentlcr stated thot France had already paid 510,000,000 ot the loan, presumably by purchofc and re tirement of bonds nnd by ptirchae of exchange. It is expected that France v ill send not less than $50,000,000 in Kold nnd the balance not refunded will doubtless be met by further purchases of dollars. Opinions Hive No Weight In connection with the disputed mat ter of the authority of state public service commissions in tho matter of interstate rates, as applied to the en forcement of the new railroad law and i thc advance in interstate rates ordered by the Interstate Cominercc CominlH- ! sion, the point Is mode by competent ! authority that the wishes and opinions 1 of the Htntp authorities run have no more weight in this matter when it romps to n defiance of onlprs of In- terstate Commission than did the wishps ami opinions of ittnte authorities in ' the matter of Volstead-act enforcement i Lvhcn it was shown that state ideas I different from these of Lnited States I .Supreme Court. ' Hottom Trices in Sight I A great many people, desiring to dodge taxes, overstayed their market I last year and tailed to ca&h in the handsome accrued profits that was theirs on the crest of the bull wave last 'fall. Considering that many would desire now to establish losses to sort of even up mntterH, a prominent uptown firm M'.stcrdny mailed the following letter to its clients: "In view of the fact tlint the stock I market has-witnessed n very severe de- i cliiiP in tlte priops of both stocks nnd bonds, with resulting heavy liquidation, we are of the, opinion that the prob abilities for loner prices for some time to rome have been greatly lessened. "We would therefore suggest that the present Is an opportun time to es tablish losses In thec classes of se curities for income tax purposes. "If you desire to avail yourself of this opportunity, we shall be glad to take up the matter of details with you." Lako Superior Iiirmno Itotuls There was a snle of Lake Superior income bonds hist Satin day. at .ri.r. Last Thursday the board declared the full minimi interest of f per cent, puynblo 1 gIUll r It CTIge nreviounMle w r in tvnen a siuvu Donn eoia at M, up 1 point. Tho range of bdnds thin year, to dao, In high 03. ,low 48. In 1010, tho rango was, high 74, low 58. Tho interest to be paid, next October, makes tho fourth consccutlvo year in which tho full 5 per cent rate has' been paid. The Issue amounts to $8,000,000 and matures October 1. Jl)4. v rwrw-'ir' ? !v'"'.W,J!kt?RPI f-' ' -- -i-" TIII3 TKADEIt. lni mi'liibl i imtr sti...st Penna. Co. T $ St. Joseph Lead Stock Dividend New york, Aup. 18, Tho St. Joseph Lead Co. ha'H declared a dividend In the ratio of ono nhn.ro to ench ten sharps, to stockholders of record September 20. Tho regular quarterly dividend of 25 cents a share and an extra dividend of 25 cents a shdro Also wero declared, both payable September 20 to stock of record Septotnber 9. Threo months ago tho company paid the regular quarterly and an extra of 25 cents. . We Offer .at a Price To yield over 9, the 8 Preferred Stock of a corporation engaged in, an essential in dustry. Dividend S, Requirements Earned nine timer. over. Annual Retirement Provision. Restriction on Further Issues Increasing Net 41 Earnings Large and Growing Equities. Atk for circular Henry L. Doherty & Company G04 Morris Building Philadelphia, Pa. Telephone: Loenst 1440 h HOt H Secured Gold Bt Due April 1931 Payment of Principal and y' interest uuaranteea ny " PENNSYLVANIA RAILROAD 00. .V Free of Pennsylvania Btala Tut r" 'M Prim to Y.nlrl 7 il Particulars ok request ni . J ft 'S V 'yt. Ciarstairs x kjoi Promptness, Aeevracv, Security 1419 Walnut Street Philadelphia ( Memlirr riillmlflfihla nnd New York Stock Kxehantca 71 Broadway, N. T. ' NEWBURGER, HENDERSON & LOEB Members New York and Philadelphia Stock Exchange 1410 Chestnut St. Vi BATTLES & CO. INVESTMENT BANKERS ' Established IOOO INDEPENDENCE SQUARE, EAST Province of Nova Scotia 6 Gold Bonds Due April 1, 1928 Price 92 and Interest Yielding ' 7 - The finances of this Province are bo handled that the entire an nual expenditure, including all bond interest charges, is ade quately taken care of without recourse to a Provincial Prop erty Tax. Send for Circular L-127 descriptive of thii issue. E. H. Rollins & Sons 1421 Chestnut St., Philadelphia Boston New York Wilkcs-Barre Baltimore Chicago San Francisco HIGH-GRADE INVESTMENT BONDS EDWARD LOWBER STOKES 20 South 15th Street . Loctiit 341 , - ' " A GENERAL ALL ARbUND NATIONAL BANK MAN is de tirous of making a change; ca pable of efficiently discharging most any position of responsi bility, etc. C 708, LEDGER OFFICE Investment $1,000 Safety 100 Income $75 MERCANTILE BANK OF THE AMERICAS 41 PINE STltKKT SB1V YOItK ,!i American Bank fnr 'orcfpii Trade etv Orlatnw I'nrln Madrid llnrcrlonn AFFILIATED HANKS In C'olnmbl.i Peru Venesula Brazil Nicaragua Cuba Costa ltlcn Honduras' W1IV hu" no lllVF,tor "r loat a dollar of principal or Interest on any secu rity boucht of S. W. Straus Co.? Writs for our booklet 2-Q nnd learn the reusos S. W. STRAUS & CO. fitock Exchange Hide., riilladslolila Are You Receiving $75 a year rom each thousand dollars in vested: If not your monejp is not working for you to the best ad vantage. Send for Letter P-41 it tells you how safety may b coupled with a 7$4 income. George H. Burr & Co. Jl Investment Securities 421 Chestnut St. Philadelphia Our Offlces In 15 Cities Offer You A National Yet a Personal Service WiiiimmiJii'iiHiiiiiiiiiriiraiiiin'jiiiiiii'JiiuiiiiimraiiiiiiiHiiiffliiiiiiiiuiiiHra Si Doric-ric ricirimr a For rent, 1.100 t,i. ft.t cround floor central location! Immnllute pos session. EDGAR G. CROSS 1411 WAI.NVT ST. O !!ii!!i!iiiii:ii;;ii!iiariiiii;i!iiiiiiHlii!.i!iiK!ni!ii!iiiil i. ir 93 HSU ... 7 ... 07 Steel ft ... nm 2 . . IH'i 2.. .. 014 11) . . 01 . Wes'n IJlec Ss U B 1. Oi Weat'n N V i ra IIR 1st 7. .. HI Wn Pacini 1st L... 78 Wilson Co c ft 83 V, 1 .. . K.I'. Wilson Co 1 bt 1 87 8 80 Win Sal 4s 1 01 Liberty .ls ... Liberty lnt -Ik... Liberty lHt 4Uh., Liberty 2d 4V4s.. Liberty fld 4 Vis.. Liberty 1th 4Vn. Vic Notca IW.a.., Vic Notes 44tn... Irish . 00.12 84.44 K4.80 84..14 , 87.81 , 84.72 05.rL4 0S.G4 (N. Y, Low no.io 81.44 84.00 84.20 .57.70 84.no 05.150 05.CO , time) 1 13 P. m. 00.12 81.44 81.72 84.20 87.78 81.00 05.C0 05.52 DIVIDENDS DECLARED AJax Ilubber Co , quarterly tl. BO. paabe Beptembur IS to stock nt record August 31 Mercenthaler I.llotypo Co , quarterly 24 per csnt. payable September 30 to stock ot record SeutembiT T Ouffoy-Olllesrle Oil Co., quarterly 1 pr cent on preferred paynblo September IS to stock- of record August 21 Lindsay Lluht Co . quarterly of 1H per cent on preferred, payable September SO to slock of record AiiauH 31, Standard flas and Ulectrlc Co., ciuiirlirly " rcr cent on preferred. panUa Bcpicmbsr 13 to stock of record August 31, Pittsburgh, Cincinnati, Chicago and St. Louis R. R. Co. 5 Per Cent General Mortgage Gold Bonds Due June 1, 1970 Interest June 1 and December 1 Tax Free in Pennsylvania Guaranteed Principal and Interest by endorsement by Pennsylvania Railroad Co. This issue it secured by mortgage, subject to underlying liens, on 1896 miles of road andrform that part of tho Pennsylvania Railroad System between the cites of Pittsburgh, Columbus, Chicago, Cincinnati, Indianrfpolis, Louisville and St. Louis. Price: 76 Vz and Interest To Net 6.65 Per Cent. Biddle & Henry 104 SOUTH FIFTH STREET Telephone Lombard 8580 zjiiiimiiiiiiiiiiiiii ii i iiiiimiiiiiiiu iiiiiiiiiiiiiiiiiiiiiiiiiiiii.L- Holders of Public Utility Bonds We have, ninde a study of operating statistics of Public Utility Companies. Tho figures already in hand for this year are interesting and a summary may bo ob- ' tained by writing to our Statistical Department. We will also ho glad to furnish available information about any particular bond issues. - West & Co. : 1417 CHESTNUT STREET ; - Mrmbrrn : Nnv York Stock Etchnnse rhllmlflphU Stork Exchunse S Ws Alwsys Have on Hand a List of Hleh-Grads Bonds : Correspondence Invited ' ll'llliHllll liiilllHilil IMllliiiitiiiiiiiiiiiiiiinii,, lining $800,000,000 From Motion Pictures in'1919 $1,000,000,000 for 1920 Share in the profits of the fifth largest industry in the U. S. through Dur offering at $15 a share of 125,000 Class A Shares of D. W. GRIFFITH, INC. hcailfd tiy Dnvtd Wnrk OrlflUh. pro ducer of tho world's greatest succerses: "Tho Birth of a Nation." "Ilenrts of tho World." eto Completo details of this Irndlnu motion picture corporation with Its Interest in the film releases of Mnry Plckford, "Douk ' Fairbanks, and. I'harlle Chaplin, and estimated earn. Inits tight times proposed preferred dividend on Class A Hharcs, sent upon request Scott & Stump Investment Securities Stock Exchange Building rilll.AnKT.PHIA PA 'ew York and t'oatesvllle Norrlstonn. PottMown Chumberat'urc Pa Success in Investing dcpeniln on nlilllty to kele the opportunity to liny when price nre low. Well - xrvureil b o ll l s may lit IiimirIH now nt iirlrm tluit unsure n IiIrU jlrlil oer a Ioiik term of rurs, Baker, Ayling & Young i 1. (WAIN. Jr.. Mannirr Land Title Hldu. Uoston Philadelphia Columbia Graphophone Manufacturing Co. Five year 8 Gold Notca Due F. & A. 1925 Sinkinp fund will retire one half of tho isaua before mo turitu. Notes carrv privilege to purchase the common stock at $35 per share. Price Par & Int. to Yield 8 Reed A. Morgan & Co. Writ Uml Tnut llUhi , Phlla. Members of tho Phils ptock Ksch. "VJ . 1 1 X i I M a s , I 'in f y i?j -r ;.T6i(rr)i .iferw-'jri"ifff-4rfk. ,1.ixW.,frMtui...1,. & .'W... f.. "-?' ' " Tt. ".- eK7!2?n i ' rv m-"i r iVJ ,v. aV tMa slP KLitLHt- .. rtri 't it fiirt m,v . ft flw-V i, Ptq W ArJftj l
Significant historical Pennsylvania newspapers