ttSW,Wifrt w '17.' f-i 'ft , rV jiffAfl r V WANING- .PUBLIC .LEDGERS PHILADELPHIA, TUESDAY, NOVEMBER .23, 1920 ' till 'A1 wks'' n as- - A $4,200,000 United Railways Company of St. Leuis Receiver's Three Year 7 Certificates of Indebtedml fct fete Octal 1, StM fiOtMHi AwtlafldOcteWl. ifealf al iatamt ytyailt te Wr Tadi atOitaraaay ftart OeSfawr C Wtw Tadt 4 te SiUate tnnt natfeaal staak te it Uafc, tiiignlli it mm toiwwSrlMW6tte,toHrt Mfc tatwett m Mat Afrit X, ltM;tt ltl aa teMrat m OtttVar 1, lMt art at Mrft MtetMlaArtl,lMI. Amemirmmuc TBt IMI'MCT CttUT f rat iTAm tmUi tfat MMii el tfrlOMOft ft Lwfe lUlkw4 Cm pufflrat Hertiag 4 Aw. n Ma? i, 1910, MMfBt VM WMHTMT fW fMl UMd t0 n JPUMKMB of xmui Tha mknIi ( tkte Imnm wfll te aneT te) rtk M00,00t Uatte lUAwaya Cf y St Leu jitctmr's em tw cmmwim c i i titeimM, f aM 9afteaAar 1M. ncvurr Thmm OaHWmtea aw eWw a irrt aai friar Maa ea ff!7 aaOes af atraat ralkaa4 ti wkkk Tt aalaa wara fanaarer aanpiN ay Bt Mala RauTtati Ceaiaaay and UaUa, Daaat lallf a Caaajaay. TMa Maa earm am maa W af taa aalaafa af the ayiteat, huMInc twaa af tba ataal ftaa'attia lines u4 tuck faayartaat ftraak kaaa at faa Olva StrMt, BrMthmr, BaMafaateJaa, tadaaa AM4t, Otaaa Avaava, laatta and WaMaa raataa. tmalA4 a fry Mr. loll Walli, Kceatra: KQunrr These Cartiflcates raak prier la $90,900,000 United Kauwaya Company af St Lente Firet General jsert- ly t Bewe aad f9JtO,000 eaier aaaaa, apea which aeiereet haa ahfaya beaa aafa. AMMTIOIIAL nSVM TtoCaattaeaaaVwhaMthaaeaetlaiACartiicatea, raaame aVa rtajat ta aaOewke alHthaal eartMkatea far the pareeee af laiitaa three teeaee ef the aheve iiaeeiy josareen ATeanf) They axe abe te hare a lies, aahlect te tlflad,000 dMaamal haaala all natariac aafere that tetae. as the reaaaialaf araerty aaaf fnuKhlaas af Vattad UaayaGaaEaay af tt Lte, Indadfag 1M addl tivael arifaa ef track. meatkaed dirlalenal hends, afgrafataw fMOO,00 primcjteal aaaeuat Theae addhteaaJ carttflcatea wUl hat a frfer lea aaea ma prepertlee deecrihed ia the yeayetira m erlteaaea aecarlag the head sa retired, aad wfll hat the aaate Be and rifhta aa theae Sertea A Certakatee aaea. all the reawilnlnf preaatty ed fraaemieea of Vaftad Kattwaya Ceaipany ef 9t Male, except the areaarty ef 8t. Leuis Railroad Cesapaay and Vmkm Depot Baflread Ceatpany abere auatteaed, uyeai which theae Serke A Certiflcatei are alwaya ta hate a prier aad parajaeaat Ilea. Carttflcatea iaaaed far aay deatnaa! aaere aaan met venncaiWt f purpose etner tnan that aarect the priority ef these TeusBalri Octetwrtl AwVJ MiMMMiMHMM faaiVlawPf3wJPi Ifll ll.TfaVMl WW eaeeeeeeee XfWJapFav JLwml 'eaeeaeeeveseeeeeae Itf tafVaTaTdTX lilt 1M1MM nit ii,7Acn 1. ,7,10t OMratte UtpntM, Dnrvcurtlea .OtfTWtTeXM 9,229,762 t,tTf,t0 U,-U0,7M 13,274,814 Grata Corpersto lee 1 M4Tt,4S 2,82284 3,327,267 3thM81 2,4M57 3,69aM4 The aaaaal hrterett charges ea the 910,600,000 drrlaieaal bends remtfaileg entstanding and ea these Certi fcatea wftt be 980a490, aa aaaeeat earned 3.71 tiaiea ia the aTerate ef the serea years ended October 31, 1929, aad 4.H thaw ia the year eaded October 91, 1920. Price 97.46 and inteiwtt, te yield about 8 Wta.uul UjmmU cItJ. mrtH jtnn tt mud. It l mi4 tktl CwttanU U k mUW for Ufty tWal VIVHVSt p. vwwnij v mw imfnefi tm wwmgtnt wi immjwwwwmiw r uf lxiravait cmmmni s Vrsszarjrisjirj2 "-.nr... wn v -- w vHsavw ww v avtvirvi Guaranty (mpaaj of New Yerk William R. Compten Company Mitfisiipei Vatttjlratt Cenpaiy First Natkmal Baik in St. Leuis Franck, Bre. k Ce. Mercantile Trust Company Mercutikinist k Deposit Company of Baltimore . w. Mt tmmw a u ftwncttt htnim, ktt ttMy an kta trm mnii ttIA kriitt t k mmnId ATeD Isme $2,000,000 , United Light and Railways CempanyV Ten-Year 8 Bend Secured . Geld Notes Dated November I, 1920 Due November I, 1930 Panmyhrania State Tax of tour mills refunded W e summarize as felUwi from a letter zigntd b$ Mr. Frank T. HuUteit, President of the Cempany: Bnsitwn: Company operate 19 Public Utility properties (mainly electric and gas) which it own or contrail, lupplymi without competition of like service 55 prosperous manu facturing and agricultural communities, located in the heart of the Middle West. Security! These Notes will be the direct obligation of the Company and will be secured by First and Refunding Mortgage 5 Bends of the Company, due June I, 1932, in the ratio of 133 I -3 of Bends te each 100 of Notes outstanding, or by cash, equal te the face amount of the Notes. Earnings: Earnings available for interest charges en First and Refunding Mortgage 5 Bends and Bend Secured Notes outstanding (including this issue) exceed 2.78 times the annual requirements. Consolidated Net Earnings for the year ended September 30. 1920, exceed 1. 89 times the sum of all prier charges and interest en First and Re funding Mortgage 5 Bends and Bend Secured Notes, including this issue. General: Conditions in all the territories served indicate continued expansion of business, for which the Company is well prepared by having ample central station capacity. The present management has been identified with the properties since their inception. The Company has been highly cemmtnded by public service commissions when ordering increases in rates. AH legal matters in connection with the Issue of these Notes will be passed upon by Messrs. Humes, Buck, Smith & Tweed of New Yerk. The accounts of hi Company are audited annually by Messrs. Barrow, Wade. Guthrie A Cem. B? b.H rkAalaM,! A.hu.a.l ' --" iu, vuaikvsuu v,wuuvaillO. r?SJ Th above Notes atSiTu&Wed when, as and af issued and received by t at 97 and intcreit, te yield about 8.45 Bonbright & Company 437 Chestnut Street Interpmratttt Philadelphia Th atv. tnfrrmaUen. whllt nt nnrntM, hti bcn tkttlnid from MurcM w tll,v te bt urU Lawraaea E. Srewa It Ca. 1 cumrtt runic accountants LEE. HIGG1NS0N & CO. , IMOtttfe IMS aasUt alshaAakasi BsaBaaaataat. VlsllsaBlaasBtaaW STOCK SALESMEN Wv want rtfrtttna4 n(avli.alfni9n I pan int ai er a nr .j (,r, vl f y. S J i i.1 '?.-vv')v' rj Ibrlirlflf IimIu. mSmOm IN I New Yerk Bends 76 . ret 101 101 H iem 101 u 101H 101 u Aia.r Bmelt'ri a rv u a TtH 1 TBV4 t TSH 9 TAH ATM? CI14U 1 SIH 1 SIS Am Trl A T S. a 79 V 3..,.. 19 V..... TSU Am Tl A.T 0 I S4H A t a s r. 4. 10 70 A T 8 F M 2 70 1 70 AH OeMt I. 4l S 74 7 77 Ht a Okie c 2 70M 1 70 1 71 5 71 Bait O Sa as i sau TUltaOhle 4. 1 ts ie evt 10 08V Hill A Ohie & 1. run a Ohie i e 1 seu B a O P I. B A W V 4. 7 4 1 4 1 0BU n a e s wn 10.... 4 tv t. i. a. l. 4. a. n.th BtMl 14 88 vtth etui ra 1 77 Dthl'm Stfel 3 of 'SO 4 75 ct'l of n. e a 8S S.... 80 C.nt'l Pae lit 1 73 Ch'k a O 4V4. 1 78 C O ev 4Ha a.t... 78 7S S 7D 0 7S 1 7SU Ck a Ohie Si 3 SI 8 OS 1 S ck a e ev n.i a HiH i.. .. ss S 84 Chtcace D'n a Qncy m 3 78 Chto&ce D'n ft Qulncy 4a 1 SOU 1 00 3 06 4 J16 1 06 10 00 CM a Krl. tat 8 80 Chlcure Mil a StP 4l '23 -81 8 81 1 81 4 81 Chlcue Mil A SIP ev 4H J.... CMc&ce Mil A StP fd 4a 8 00 1 00 l.T... 00 B..... C0 Chlcaaje Mil A StP c 8. 8 08 Chleaae Mil A St g ev Ba 2.7... 71 8 70 2 71 Chlcaae A N W'n tit 4a 10 85 Chi nallw's e. 2 02 8 02 Chi neck r.i'd A Pac (d 1. 1 0 1. 1. 8. 2. 10. Chlcaa-e Bt 1' M A O 0a 8.... 101 Chi U Sta 4 2 80 Chlcaca Union Sta ct 8a 2 . . 101 Chits Cep'r 6a 3 68 5.. .. 08 City of D.rn. et 8a 1 .... 07 Cltr of C.irU- tlanla 8a a 084 1 08 City of Cepn. han Ba 8 80 City Mara' a 6a 8. ... 80 Cl'd Cln Chi 8t L. d 4a 1 00 Cole A B'n 4 8 72 Cena d Oac 7a 1.... 100S 1. 100 Cuban C B ev 10 ... 85 16 . 85 5 . . S6 8 .. 80 10 86 Sil A Hud ev 4 . 85 12 85 IVn A n O M l. .. nai; Dtn A it e 4a 1 . . 04 TJ.trelt Unll'd nwya 4a 2 . . 02 1. 01 D Can 6a '21 1. ... 08 S D Canada '20 .1 . 00 t Canada '81 i ni Dominion Ite Ite publice Sa 0.. 70 1BAI.KH IN S10001 8 6 1 . 1 . 1.. 2.. 10.. 4S Otc.Waah'n It Ce Nav Ce 4 a 11 08 'Peepl.a Oaa It A O Ce'Ba 2 68 ;r-a n m a. 9 BOH P.nea R n 7. .... 104 a.... 104 8.... 104 ft.... 104 2. .. 104 8.... 104 EtKt 8alr.re Marat 6a 1 88 Phil County ev 4 80 htadln Ce 3 Ctl cel 4a 8 01 RIe'O A W 4a 1 60 Bie Or'd W clt . 1 64 block tald. Ark A La 1 65 2 05 Bt M Mt A B n A O dv 4a 1 08 Bt Leula A B 8 Fran aJ 2 70 Krla tl.nl Man 4 44 10 14 10 44a !'. . 44 t 46 Krl. n R ev A 4 42 Krl. It n ev B 1 41 UCrt. nn ev D a 48 K A lenty 0a 2 86 Men 1 80 IO.ne" I KIe 0a 1 09 Oeva'l Franeh nep rcta 100 100 101 100 100 100 100 100 CSwlta'd reta 1.... 102 1 .. 101 1. . 103 a.. . 101 1. . 103 1.... 101 Hed A Man fd 1 60 4 60 1 00 HI On'l 4a -52 1 71 III On'l 4a '58 6 68 6... . 68 2 00 111 Can't B. latbore It T fd a 62 1 sa 0. 52 2 .... 51 4 SIT I It Marine Qa 18 70 6 70 Ljp Oove't lit 8 74 a.. .. 74 1 75 1.. . 74 6 74 Jap Oove't 2d a 74 Jap Qeva't 4a 5 67l 8 57 1 B7S 5... 57 Kan C t D ti 1 83 '4 4 63 4. . . 63 Kan City T.r'l Rvry 4a a 7i, 4 71 KDl('m7a 1 08 Lack BtMl '23 1 03 Irfhlfh V'y 4a 1 60 3 .... 64 Uhlah Vy 6a 1 08 TJs't A Myera TGeBa 8 80 Ixmr lal R fd 1 68 Lerlllard C 6a 2 77 8... 77 Ixm&Naah 4a 3 80 Leu A Naah 7a 3 108 Mln Bt P A d Bt. M 4a 3 80 Ue IC A T a 2 60 a... 60 1 00 8 60 1.... 61 IHn Pacific ta LONDON STOCK MARKET 66 00 06 00 00 00 06 06 I 84 05 54 56 66 56 65 BSH 63 1 8.. 1.. 1.. a.. se.. l.. 5.. .. Natl rtltrya of Mexico 5a 1 87 V N Tuba Ca Sa a 80 Nw O Trx A Mexico 4a 2 62 N T C A It n R R 8a 1 00 l . . en N T C A H It nit 4a '42 10 70 N T C 4 II II It It fla 8.... 02 1 .... 02 3.. .. 02 N Y C A II n RR rcta. 7 a 1.... 102 1. 102 1 102 2. '. 102 5... 10.! 8.... 102 N T Chi A St Leula d 4a 3 60 ;N T Connect' R R 4Ua 5 77 New Y N H A H cv 3H 1... 43 New Y N II A Hart'd 0a 1 70 N Y Rlvrya 5a 2.. .. 5 N Y Tele 4s 4. ... 78 5. .70 2 . .. 70 N T T.le'a fla 3 80 V New Y W C A Reaten 4 Ha 1... 4 J 1.. .42 N'k A W'n 4a 2 . .70 2 70 N'k A W rv 6e 2 .103 2. 10J N'n Paeine 8i 1 83 N'n Pacific ta 10 77 Nerth'n Blatea rover Ce 3a 1 78 1 78 Ores; A Cat Sa 1 88 Oreton 8 L 4a 10 70 A NO Oregon B I. 8a 2 88. Oregon 8 I 0a 1. 08 10 S 10 03 8..... 08 1 04 0 64 31 04 a 64 2 64 10 64 Bt Leula A 0 ,8 Fran In 48 50 1... . 51 B Bl 6 .... 61 10 51 50 61 40.... 80 20. . 51 IB.. .. 81 1... . 50 6... . 60 5 60 5. ... 60 5 60 Bt L A B Pran Berlea A 8... 60 10 60 St L Bwn en 2 62 B.ab'd A lid 1.. .. 88 Seab'd A L trt 1 42 a.. .. 42 0 , , 42 8'nDel'l Tel Ba I... . 81 S'n Pacific fd 70 744 10 75 Pn Pacific 4a 1 70 B'n Fac cv 4a 2 76 6 70 0 76 5.... 77 17 .. 70 B'n PactfVe 6a 1 61 B'n Fae cv sa 2.... 114 10.... 114 12.... 114 1.... 114 1.... 113 2 . 118 B'n llwra 4a 5 60 1 50 1 0 2 00 B'n Rallw'a 6a 2 87 Third Ava al 4 81 Third Av. 4s 1 60 Third Ave Ba 5 77 Union Pae cv 2 81 Union Pac M 10 73 1 78 10... . 73'4 6... 78 Union Pae 4 10... 80 Union Pae Ba 1... 88 Union I'ae 6a 3 0D U K of O Urt Aid 1021 3 07 U K of O Drt A I'd t0I2 5 04 23 04 A .. . 04 2 . . 03 U K. of O Urt A I'd 10 20 16 88 6 88 U K of O Drt A I'd 1037 2 85 1 83- U 3 Mexico 4a 10 80 U B Mexico 3a 2 4 3 43', U 3 Itub'r 5a 10.. 78 1 75 26 75 1 . . 78 1 75 U S Rub 7 10 .... OH 2 .. . 08 U'd B Steel Sa 5 03 i.. u: a. ... 24 Vlnlnla 6a TJ Ilrea Ctfa 6 7B Tfabnah It let 1 83 Wen'n Klee 6a 1 ... 03 1. .. U3 I.... 03 W Union 4a 1 78 Weat Shere 4a 4 70 1 . 70 Weat' a Klee A Mf( Ce 7a Trading la Dull Because of Fears of . further Liquidation liend.ai, Nev 23. -Hecurltlca en the ateetc eiehajne were quiet today because of fear of further liquidation. The mar kets were dull olla while Irretrular had & better undertone. Shell Transport and Tmdlna; w&a 6 Vk and Mexican Katie 11 -l. Inalda aniDDert made the itlU-edtred section mere .table. French leans were easier and Qreek and Seuth American Issues were weaker in spots. Indus trials were nervous. Hudsen's Bay was C. Kaffirs were quiet and heavy. Petier descriptions were firmer In sympathy with better advleea from New Yerk. Heme rails were neerlected. Liqui dation caused the shares of Argentine reeds te droop acaln. Imperial Oil Pays Extra Tarant. Nev. 21. The Imperial Oil dend of $1.60. payable December II te stock of rocertl December It, and regular quarterly dividend of 75 cents, payable November SO te stock of record Nevenv ber 23. The extra, dividend will be paid out of the 134 Dominion of Canada Victory bend Issue, fractions te be tul justed In cash. Par value of Imperial Oil Is IIS, and total disbursements te Shareholders this year will, therefore, equal $4.60 a share, or equivalent te 18 per ecnt. New Yerk. Nev. 23 The Bucyrus Oe haa declared extra dividends of H fr cent and a per cent in addition te the rerular quarterly dividend of 1 per cent en the preferred stock, all payable January 2 te stock of record December 20. The extra dividends are part of ac cumulated payments eq preferred stocks. .Lew Prices which are wholly unwarranted, are new quoted en Rnilread Stocks. Send for our selected list of Rails which, we believe, are due for a considerable ad vance before long. Scott & Stump Investment Securities Specialist!- In Odd Leta NTOCK KXCHANdK BUILDING PHILAUEU'niA 40 R-eha-ve riare New Yerk C'eateavllle, Chamberabam, Carll.le, Pennarlranls Vndmr authority from th Frmneh Gewa-mansnt turn arm ricttving tubttriptien for Republic of France 6 National Lean of 1920 Price today $62.40 per 1000 Franc Bend Subscriptions payable in dollars at the rate of exchange fixed each day by the French Finance Commission or by making part payment in vari ous earlier issues of French Government Bends upon officially specified terms. These bends are redeemable at par at the option of the French Government after January 1, 1931, and are a direct obligation of the Republic of France. Further information apmn rjat a" 4 W BROWN BROTHERS & CO. .f Fourth and Chestnut Sta., Ph3adelpka a W- Nearly 54,000 Baldwin Locomotives Have Helped Advertise Philadelphia bf the thousands of products manufactured iri this city, it has often been stated that none has accomplished mere in spreading the fame of Philadelphia as a leading: in dustrial centre than Baldwin Locomotives. In building locomotives for every part of the world, we are proud of the opportunity te thus help advertise Philadelphia. THE BALDWIN LOCOMOTIVE WORKS PHILADELPHIA. Rate Maturity Jam.atewn, Franklin & Clearfield R.R.Ce. 1st.. 4 1959 'Allegheny Valf.y Rwy. Ce. First 4 1942 Psnnsvlvania Railroad Company General 4V& 1965 'Beech Creek Railroad Company First 4 1936 Chicago, Milwaukee! & St. Paul Rwy. Ce. Gen.. . 3 1989 Atchison, Topeka & Santa Fe Convertible 4 1955 Weat.rn, New Yerk &. Pennaylvania First 5 1937 Southern Pacific Company Equipment 7 1927 N. V., Panna. & Ohie R. R. Ce. Prier Lien 4H 1935 'Pennsylvania Water & Power Ce. First B 1940 Union Tank Car Company Equipment 7 1930 Southern Rwy. Ce. General and Development. . 4 1956 Herahey Chocolate Corporation First 7Vz 1930 Wcatlnf house Electric & Manufacturing Ce 7 1931 Frc. of Pennsylvania State Tax Pric 769i si a SOW 82 J4 61 tt 68 87 Market Market Sltt 1009b 61 99 95 Te Yield 5.45 5.50 5.70 5.72 5.80 6.20 630 6.45 6.70 6.72 6.95 7.00 7.55 7.70 REILLY, BROCK & COMPANY BANKERS 306 CHESTNUT STREET PHILADELPHIA 1 04 (15 01 en in Ot'4 01 01 OS II iWllaen Ce cv 1.. . 82'k 1 . . S3 Wilaen Ce lat 1.... 7t4 1 HIV. Zurich rcta Ma I 07S lll.th I.lliertj 3V,;i' ..02.40 Liberty 1st 4s... 87..r.0 Liberty 2d Is . ...W1.3U Liberty 1st 4Vi ..H7.50 Liberty 2d 4Uh ..WI.70 Liberty M 4Vi ..S0.10 Libert 4tli I Vis .SO HS Vic Notes ajiA... 00.10 Vic Notes 4s... 00.10 Lew 02.20 N7 no oe.ao S7.ne 80.20 8S.04 R0.R0 00.04 00.00 11 IS a m 02.38 87..10 80.30 87.30 80.00 811.00 80.70 00.08 00.00 Subscriptions Clese November 30 Guaranty Company or New Yerk, meting as Subscription Agent for the French Government, will receitt subscriptions for NEW YORK COFFEE MARKET New Yerk, Nev. 23. Continued wenksfn in Brazil led te further sell In8 pressure In the local coffee futures market this morning, and first prices showed decltee of 0 te 12 points. A spedal cables from fsntns reported a further setback there of tt) te lftO rels. r)ctml)fr March May . July nid Yt. Tedav-a cleae ein 10 SO 111 S3 1 lHf 12 il ODttT 00 7R1W.1!! 7R0M41 7.81S4 7 72C73 11 a in 10 1ft US 7 s 7 as ii i i i i - i 1 1 - - i A I I I I - - - II III SteckvR WI$m ft Unil CarlaaaaKaUia aaTM sWaWwalaajajasssja , Umijm " lJH?jl iHJ Liverpool Cotten Liverpool, Nev. 21 There was only a limited demand for spot cotton today with price easier en the basis of a de. ctlne of 28 points 'or middling at 11.93d. The sales were tueu Dales The receipts were 05,000 bales, Including 60,700 bales American. Futures were quiet in the early dealing Spot prlees were; Amerl. can, rnmuims; . aur, K.iaa; Reoa mid eling, it.a; raiiy middling, ll.tld middllnc .ll.lMi few mlddlin. i.iia gved ordinary ,6.m. and ordinary, MA if'St'A'T. i. ., ..fTT ' .jw a ' t '!' '"iiin "ii1"'.1"1' a Republic of France 6 National Lean of 1920 Payable in Francs, free of all French taxes A circular giving detailed information will be sent en request Subscriptions entered in the United States will be payable in full, in dollars, at the time of subscription. Each day the price in dollars will be based upon the pre vailing rate of exchange of the previous day, as fixed by the French Finance Commission. Price for November 23 $62.40 per 1,000 Franc Bend In order te simplify the collection of all payments, arrangements hare been made whereby Bends may be held in custody at the Paris Office of the Guaranty Trust Company of New Yerk, and the amounts collected remitted by check te the holder, in franca or in dollars at the current rate of exchange, or deposited te the account he may have with the Paris Office. An annual fee of 30 centimes per 1,000 francs par value will be charged for the custody of the Bends, and a collection fee of i of ief the amount of interest collected. Subscriptions received by Guaranty Company of New Yerk Philadelphia Office 421 CHESTNUT STREET nSL i&ii-aMS it S3 ifrtcriv H UK ' fc,, t1 T?sT" saa.ii ft "I" 1 li,., k.rvr. WH: I li i "J I Urt m a Mm .i & s I fr i I I 7rtaB I af . I 1 I r If V' V II
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