evening Public (ledei6ij1jAI)elphia', Friday, may e, I92i
27
MC3
VTW SS(
$6,
1,500,000
The Connecticut Light and Power Company
First and Refunding Mortgage 7 Sinking Fund Gold Bonds, Series A
DeUod May 1, 1921 Due May 1, 1951
Interest payable May 1 and November 1 In New York, Boston and Chicago. Coupon bonds $1000 and $500, regtiteroble at
to principal only, and fully registered bonds $1000 and multiples! Interchangeable. Callable for Sinking Fund on any interest pay
ment date prior to and including November 1, 1931 at 110, thereafter decreasing t annually to lOOJ on November 1, 1950.
Not callable except for Sinking Fund
Tha Company ngreas to pay interest without deduction for any normal Federal Income Ta which it may lawfully
pay to an amount not exceeding 2. The Pennsylvania 4 mill tax will be refunded to holder who are resident
in Pennsylvania who shall within three months after payment make application for auch refund.
T
Capitalization
' (Outstanding upon completion of present financing)
Funded Debt: First and Refunding Mtge. 7 Bonds, Scries A (this issue) $6,500,000
New Milford Power Co. (divisional) First Mtge. 5 Bonds 1,000,0C0 $ 7,500,000
Capital Stock: Preferred 8 Cumulative $2,990,000
Common 8,486,000 $11,476,000
From a Utter of Mr. IroinW. Day, Vice-Pretidtnl ot the Company, tea summarise m$ follow!
BUSINESS: The Company supplies electric light and power to a population of about
300,000 in an important industrial section of Connecticut, including the cities of
Wntorbury and New Britain and the Naugatuck Valley district. The properties
operated include electric generating plants with a present installed capacity of
68,000 horse powor, of which 34,600 horse power is hydro-electric (two plants); about
120 miles of .high tension transmission lines; and distributing systems in about 20
cities and towns.
SECURITY: These bonds will be secured, in the opinion of 'counsel, by a nrst'mortgago
on the main hydro-electric plant, on the Housatonic River, having a present in
stalled generating capacity of 25,000 horse power, 61 miles of important transmis
sion lines, and valuable undeveloped water powers; and by a second mortgage, sub
ject to the $1,000,000 divisional bonds, on the Company's second hydro-electric plant
(9,600 horse power) and 25 miles of transmission lines. They will also be a first lien
on a 999 year lease of the electric distributing systems in Waterbury, New Britain
and a number of other towns, including a steam electric plant of about 33,000 horse
power capacity.
The Company's property investment is appraised at $15,248,000, or more than
twice its $7,500,000 funded debt. This appraisal does not include net current assets
of $1,424,000 nor any valuation of the Company's undeveloped water powers.. Tha
; owned property alone is valued at more than $10,400,000, of which nearly $8,000,000
represents the property on which these $6,500,000 Bonds are a first mortgage.
EARNINGS for the year ended March 31, 1921, being the first full year's period after the
completion of the main hydro-electric plant:
Gross Earnings $4,00505
Net Income Applicable to Fixed Charges 1,9141
Present Annual Interest and Rental Requirements,
including Interest on this issue 907,355
Balance 31,007,095
The above Net Income is more than twico the present fixed charges.'
SINKING FUND: Annual Sinking Fund, first payment September 1, 1922, will be suffi
cient to retire at least 70 per cent of all Series A bonds issued or to be issued.
We recommend these'Bonds for Investment
r
PRICE 95 AND ACCRUED INTEREST, YIELDING ABOUT 7.40
LEE, HIGGINSON & CO. ESTABROOK & CO.
RICHTER & CO.
HINCKS BROS. & CO. THE CHAS. W. SCRANTON CO.
The above atatcmf nta while not uuisttliU( bated upon information end advice which we believe accurate and reliable
This advertisement appears as a matter of record only, all the above bonds having been sold
An Individual as an Executor
Or a Self -Perpetuating
Trust Company Service
The settlement of an estate and safeguarding the interests of
persons named in the will are too often left to inexperienced indi
viduals. The results you have attained in striving to provide a
suitable protection for your family can easily be lost through
mismanagement.
The many important details in the settlement of an estate require
considerable time and the experienced service that a Trust Com
pany, organized for such work, is best able to give.
To insure absolute obedience to your wishes, name this Trust
nmpany as executor in your will. We shall be glad to explain
in detail the assistance we offer.
Franklin
jr
Delaware Ave. Office
Del. Ave. & Market St.
C. Addlion Harris, Jr.
Prtildent
f rust Co.
ii
V
1)
11
A
West Philu. Office
52nd & Market Sts.
Arthur Kiton, Jr.
Truit Officer
Main Office, 15th St. Below Market
The Initiation that nave Philadelphia Day and Night Service
OTIS & CO.
Stocks Bonds
Acceptances
Foreign Exchange
Member of New York,
Cleveland, Boston, Chi
cago and Detroit Stock
Exchanges, the New York
Cotton Exchange, and the
Chicago Board of Trade.
Private wire connections
with principal markets of
the United States and
Canada,
216 Superior Ave., N. E.
CLEVELAND
New York Doeton Detroit
Cincinnati Columbua Toledo
Akron Youngitown Dayton
Denvor Colorado Springe
NEW YORK BOND SALES
gnmraary of Individual Transactions on New York Exchange
Amn Bmlt'ff A
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50,000 Securities arc Rated in
Moody's
RATING BOOKS
Ask your Bank or Banker how your
bonds or stocks are rated.
Issued annually" in four volumes it $20 per
volume or $80 per set.
Cover
Railroads Public Utilities
Industrials Governments
Editions fur 19J1 now in press.
Moodys Investors Service
1121 Heal Estate Trust Uldf?., l'hila.
N'rw York llo.ton Chlr.uro
!
Conservative Investments
MacMeokin & Williamson
wJ'Ah!?.
MiiSji'tftRP HANHOM HTfl.
niucK Kicbaiife
UI1V hnt no Inveator tr Mat a dollir
of principal or Intrrret on nny eee.
rlty bimilit of M. IV. Mruiin A Co.? Wrht
for our booklet 3-U utiJ Icuru ILt nuoi
why.
S. W. STRAUS & CO. J
Block lUciiint-t Hid,. l'blladalPblB
. O. VSXrc ACCOUNTANT
AV1IITH INVKSTlflATlONM
Income taxi rrturida und aUJuatmenta
hundleJ pornonnlly with tha Ittvonu
Uuraaii at Waahlniton.
PENNSYLVANIA Itl.IMJ.. J'llll.A.
Stock Campaign
. Manager
wunted to secure throe or
four Mock Halc.smen arul plan
and illrcct hcIIIhk campaign of
stock of Rolnir Moving.I'icturo
Theatre chain. Only a Hvo
one who thoroughly under
btands the game need apply.
All replies will be confidential.
Iiriiifr name, telephone number
and reference. II 131, Ledger
Office.
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The O
KAnD03 & BURKE
REVIEW
li read by Investor!
nd butlneii men
throughout the
countky copy free
on itquett for No. '
137
SPECIAL
ANALYTICAL
REPORTS
on tecui'ciei
free on requeit.
KARDOS&. BURKE
STOCKS AND EOND3
1424 Walnut St. Philadelphia
Pion. Spruce 6157
NowVorlc
Chicago
Pitnbursh
Daltimort)
Direct Private Wirea
Investors andTradcrs will find our
ODD LOT SERVICE
fast and satisfying in every detail
UnlUtcd Securitica
Farelijti Exchange
Cliecha Currency Cablet
Lcttcru oPCradlt
Our o'jantxatlon offen a iljth-qjieiencj irrvice on
the principal exchanges in this country and abroad.
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TERMS TO GERMANY
AFFECT YOUR POCKET
If you wish to understand these reparation
terms to see what effect the various sugges
tions would have on your business, read
Bernard M. Baruch's
The Making of The
Reparation and Economic
Sections of the Treaty
This bcok is an explanation of the thing which affect
Americans and their business. It is written in a way
that every man of affairs will appreciate. It seta forth
facts, not theories, and supplies the data and figures
which you need to form your own independent judfrment
of the business outlook. Get your copy today. AT ALL
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Est. 181 7 HARPER & BROTHERS New York
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inn 1.3.'
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lllu 3-.HJ K11IA 3 27
10" Vlll lull 7-1H .1 -M
l"!1 H'U & I
tidlii Am
1 1'. (i Tofo'tfi--
1522 Walnut St.
2x130
Lattnt initmvmnta tttrotnennut.
Will lfe tlthT firat or ttcond Boor,
or rntlra bulldlnr.
Piirlhrr information Applr ta
Heymann & Bro.
Widonor Bid?.
Exempt from Federal
Stato and Municipal Taxes
Federal Land Bank
Bonds
is due 1941 opt 193 1
100 & Int.
yioldinc S
dut I93S opt. H21
98i & Int.
yielding 5.10
44a due 1937 opt.
92 , ti Int.
1922
yielding 5.16
Circulat on requeit
Karris. Forbes & Co
Pine Street. Comer William
NEW YORK
BUFFALO OFFICE
S02 Ellicott Square
Telephone Seneca 2408
PHILADELPHIA OFFICE
Widener Bldg.
How Safe Are
Foreign Bonds?
i-iemnt from ninial fHttrnl forelim mi v.
ernment Inconif
tActfptablr for r mern ,g incurne tux du..
on date ot matu'in
FRENCH BONDS
THE OPPORTUNITY
OF THE DAY
31',
51
55
33
55
33
53
63
23
y&i Spruce 8200 I
3 101 Mo 1'ao 3a
I 101 M 3 , (10 ,
1 O'l Mo I'ao 5 I'll
1 10'. 7. b5 ;
I 101lll A li St I, A I
CIHCiKO Mil 1O0 IrunK rcta Carlo 4a I
StP cv l I 101', 1 1. . i4 I
0; 11 101! .' 75 1
1 (! 11 NiH W l"tri)nf I'wr 5 '
20 (1S4 1 70 I j,. .fis
;0 ilt Ot N 11 7 wl ew or Ttx A
.1 (IS, I 0HS Meaico 5a
t'hlcasn Mil t I 00 1 1 R I
Stl- mi 4'ii 1 00l a 5b '
1 74 11 H i W II New Or Tex S.
I . 74 23 7 Meilco 7a
10 . 71 1 7 7 2 . ion
3 73 I 7 1. ioo
3 73 3 7 In y fcnlp 1 4n
j 71m Unci. V 4t' 1 7-1,,
t'lili'H Mil i' 2 72 N Y Cen'I 4n
Stl cv 5s illu" 31n Mi 1 n
t '17 1 HSI s 7(1
II (s.ilei (17 Hud i Man In 3 ;n
WE OFFER
Subject to Trior Salo
$100,000
Joint Stock Land Bank 5's
Due 1'J.T.t
df- 951,.,
Yield 5.42'
M:cIK!TI! 111 I'Mtr.MI.M
Commercial Trust
Company
.
- j.m p.irt'il in jrl
rnt.itt''fls nml
In. f oid 1.-,
f
pronuit
Foreign Securities
lnqu.ru -Hank-.
VUiitOlh.
1 n 1 1 c il from
uk in and In-
WEIDNER & COMPANY
Te
Bulletin Bldg,
."iprnre 3 ton-7
Philadelphia. Pa.
1 13 Urn ulunr. ,
Those interested in this
subjfct arc invited to
seiid for Circular 7'J1S.
Bonbright & Company
137 Cheatnut Streiet
Philadelphia
New ork 'hlri
lloaluu Detrvli
1 (14 . 4 V30l s 7S
Oil ft .Nwn m 3 30 n y Cenfl n
21 73l 0 30! fl . Mt
I 70 1 6 30 t);
II 75 7 30 '.' fii
4 . 7rt I 3 30 N Y C 7a rets
Chicago ti Ntb 2 30 l00
V'nS'87 3 311 1 . 100
0 02 S 89; I .100
Chlcntto A Nth 6 30 y 100
Weat'n 0'4 1. 30 1 joo
1 . 00 3 30 100
5 DO 1 30 1 loot,
1 09 3 30 1 1001,
Ctilcu.u A Nth 30 4 100
Weat'n 7 ild 30, n y Cent'l U
1 1U0 3 30 Cent I 3a
2 100 13 311 n 7V
100 I 30.N Y Chi A Hi
Chi luilu'a 511 I 8) l.oul. 4a
5 . 03 1 30 1 80
1 05 I I 3U ! :t 81
I'hlciuo ll UMlll I fnirnl M'jj Y Connect'
c Toe M '3 73 It n 4a
2 f.9 'III I'fVl 4 '3S1 1 . to
B (14 1 1 01) New y r) 4a
7 llN,lnt Met ct 4l S 07
I'hl t ' I 111 1 15New Y N 11 A
5 nO!lntboro 71 T M Hart'tl 6a
I 611 I 1 57 I 1 (19
0 . . OOHi 23. .00 1 , 00
L
City Hall Square Wait
1
II
PRATT, BREKM & CO.
(iiiveriimrnt, llailrutul
and Corporation Honda
Bourse Bldg., Phila.
1
liiuliaril .1.
Main .( H t
LOMDARD 1)100
BOND SALESMEN WANTED
Wc wish to secure the ser-
ices of one or two ex
perienced bond salesmen.
Harrison, Smith & Co.
INVESTMENT SECURITIES
121 SOUTH STH STREET
PHILADELPHIA
Safely Stability High Return
Ocvr 2-IMO
Holders of livcord
Cities Service
Company
Cumulative Preferred Stock
toilet urn 80
I 1 , srv t ('ompanv i'
I'u e.r )10 K,rthrr fttuU
linhnd ji r.lt m t if(lr in
1. j'trMum j;a ,nd iln
t n- Iri'lmtri Vtnrmw of
' tumpunv Hiring tha
nt( year da.rribftj U an
n at report (st liit(l
Fr- - r r i titvi'lrnH r-iiuir-fnfii'i
rjHinnd bcerul tlrnn
i rr
Lwmpl4te aeiujl un icqurtt
An!; for Circular
Henry L. Uohcrty
& Company
(iOt .MorriH IluilcJinu
Philudcliihia, IJa.
Irlrnhone. I.orut 1140
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8
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