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20
EVENING PUBLIC LEDGER-PHILADELPHIA, THURSDAY, JULY T, 1921
i '
ri
if''"
MftggiaaBasaflB
3&&SttaPnSEffi3SS&ra
neservo Banks Discount Rates
Offlc.al rellroiint tlt at the twelve t-'ed-
V.
ci jcc-i uisnm are h ioiiuws:
Trens,
Klb.
Com I nkr
cut.
J'o.ten n
Nw York tj .
I'hin1lphlft 0
I'leveiind ...... Jl
Richmond n
Atlanta Q
Chlciro (I
St I,oul 0
JllnmapolH AM
Kanis city . n
Dallna . . . ... O
Bonds.
u
n
o
o
o
o
o
o
a
1'aper. Accept
(1
$25,000,000
Canadian National Railways
Canadian Northern Railway Company J
25 -Year 62 (Non-Callable) Sinking Fund Gold Debenture Bonds
The Dominion of Canada Guarantees
Principal and Interest by Endorsement
HC
,
a
o
6
n
fn
att
II
0
0
Han hranruco. ... 0
a
. :.Dfc;:'.. ji ra w?'. "ih
Am .!. I.I.P..I
rate borne by. certificates piedieM as colial
eral. with mtn'mum of s per cent.
U. S. Certificates and Treasury Notes
I
fnl
Maturing"
lilt
n
54
tIJ
ft4
fii
t(l
Uste
IM1...
1021...
11)21...
1U21. ..
lf21 ...
1P21...
1022 . .
1P22 ..
1112-' . .
nii
Tleld
4 75
4.78
T)
4 OS
4.01
4. PS
5.30
T..28
87
Aue
prt
Kept
Oct .
.Ort .
Ic
Feb
Mar
J unn
1(W
l
1UO 1.32
100
ioo
100
ion
0 1-32
0
"A-
W
inn i..ia
l-i
OA
0 1-i
t'B't
i:3
looA
100 1-32
l-o
June.
1P2I
0 70
I.mpt from normal fedcml ln-im tax.
rAcr.piawe for payment of Income tax
auo on ilalo of maturity.
TheJBonda are not Callablo MWhoIo or in Part
.7 ,r '"" ' Jj
Asked
inoH
100H
100 f-82
1004
100 7-82
100A
100 3-32
100A
100 .1-82
It '
p-
ur
I
I
B
K-
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ft
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t
Ww"
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I SWtfeA
in Imp3 4H 1 1 -&--'
J Chartered 1836
ST.4 TEMENT
At Close of Business June 30, 1921
ASSETS
Reserve in Federal Reserve Bank 51,266,020.95
Cash in Vault and Exchanges for C. H 1,428,711.70
Due from Banks and Bankers 2,24 1,301.95
Loans 25,612,015.40
Securities 27,962,080.08
Mortgages 135,207.53
Real Estate (viz., Banking House & other properties
assessed for taxation at 54,475,030) 3,371,911.9 1
Customers' Liability ac Acceptances 100,000.00
365,150,249.55
LIABILITIES
Capital 52,500,000.00
Surplus 7,500,000.00
Undivided Profits 1,668.140.36
Reserved for Taxes, etc 401, 105.16
Deposits 49,710,454.03
Dividend Payable July 1, 1921 225.000.00
Drafts and Bills Accepted 100,000.00
Bills Payable and Rediscounts at Federal Reserve Bank
Secured by U. S. Bonds 3,012,250.00
58545024955
SUPPLEMENTARY
Trust Funds $262,919,153.22
Corporate Trusts 1,473,771,890.45
9
i
i
G. H. STUART, 3rd, Treaiurcr
GIRSRD TRUST
rrnmm
UWJJ.jHSj.
V
5U
BROAD AND CHESTNUT STREETS. PHILADELPHIA
Capitol nnd Surplus
$ 1 0,000,000.
IHiji li" HUM l f ' l if M
EFFINGHAM B. MORRIS
President
1
. Ji a
i
Member Federal (
Reserve System re
ftgBJsi&IJWMgt
Liverpool Cotton
I.lrrrpool, July 7. There was a food de
mand for epnt cotton today with prices
howlni a hardening tendency on the basis
J nLlfcl,JK of . - lnt" for mldrtllne
at 7.82d. The sales were 0000 bales. There
were no receipts Futures were quiet In
tho oirly ; deallnns. Bpot prices were: Ameri
can, tnlddl'nc fair. 10.27di fully mlddllnt,
8 12d mlddllns. 7.62d low middling-, 0.02d;
soo.1 ordlnarj, B 37d, and ordinary. 4.02d:
eood mlddllne, 8 62d.
Bank of England Statement
London. July 7 Th weekly tatmnt of
the Hank of Kng-land shows the following
chanues Total reserve decreased 100.000.
clirulntion incrcaexl 102.000: bullion In
erieed 23'.fl. other eecurltles d'ereased
( 1.0 nno oitsr deposits decreased 2.i.0S.0Oo
public deposits In crcred 14,421,000 nales
reerve derreas.d fino.000. Ooernment so
(Urltles lnereal 2.f,OS,O00 Tho propor
tion of the bank s renrvo to liability Is 11. DO
pr cent. lat ek It was 12-10. Hate of
discount 0 ptr cent.
Lower Cable Rates to Brazil
Now York Ju'y 7 A rdurtlon of etoven
cnts a word In th rato from New Tork
to Draill has ben announced by All America
al bp In irt yreierdiy Tho nw rate
of fifty-four rnt a cut from slxty-fhe
-ents a word ai plies to mcsiaaes for both
the cmpan s stitlons at Illo De Janeiro
and Hantos.
Service and Stability
Condensed Statement
June 30th, 1921
ASSETS
"nsh $ 715,201. IB
f 8 r,ot & Municipal
ScrtirltleH 1,311,770.21
Other InxfUmtnt Sccur-
ltlfs 2,008,013.44
f'ommcrclnl Paper and
Trado Acceptances.... 2,400,400,03
I.oans on Collateral. .. . 3,537,530.74
MortRitjcs nnd Ground
Kent"? 782,343.81
Hank BulMine, Vaults A
Furniture 120,504.30
Miscellaneous AEsets.... 18,130.71
$11,050,914.11
LIABILITIES
Capital Stock 9 500,000.00
Surplus and Undivided
Profits 1,881,481.62
Deposits 8,057,(300.70
Miscellaneous Liabilities 11,705.70
$11,050,914.11
Integrity
Trust Company
Fourth and Green Streets
Capital $500,000
Surplus & Profit $1,770,000
1-r,
m
m
JfJWL t
- IT irt Hi"- 1 1 --- "I illiryrr r '- f
l?erfTl i'k j '" ZliiL,p,Vr'
Kw.3-
KSwii n- r2--rZ
miMmgm
iia
ttr.-r&f. I rc'ia a-fct t i KM&l VS
1&2:
IN THE fifty-five years of its existence
this bank has never failed in a com
mitment to a customer. In times of stress,
as in periods of prosperity, this record has
been steadfastly maintained.
V
Central National Bank
of Philadelphia
Ckestnut Street at Fifth
Capital $1,000,000 Surplus and Undivided Proiu EarrKtl $4,400,000
3u?ura5iWJi;,ruautrWuuT' j
n5a&e!&jF M
1 1
YOU CAN PROFIT i
ll '1 ins I
In Jan . 1021 and again In June. 1021
AUTOMOBILE 1
COLLISION I
INSURANCE RATES I
were KM'iitly IncreiMMl but
we will cotitinu" to lssuo full-alud ,
r jll!nlon Insurant
AT A KVTE WHICH IS 1
I.OWnil THAN THE RATE
CHARGED RY STOCK CO.M- '
PAXIES. I
Learn Why Wc Can Do It I
Send for Hoohlrt Entitled
"TWO VITAL POINTS IN I
AUTOMOBILE INSURANCE'
AUTOMOBILE
INSURANCE
EXCHANGE
R07 Chestnut t., I'hllndelpliW
C. S. PATTON & CO.
U A CHESTNUT BTd.
BANKERS
tCy(M'2vKNSON
Mfe bouihi an4 ssl
m. WW rh,nr
II II 111 IW
Darco Corporation
(Controlled by Atb$ Powder Co.)
We offer their 8 preferred tock
with) eornrngn bonus
0. B. LAltelNGER & CO. J(& 1T.
CASSATT
OFFERINGS
THE current is
sue of "Cassatt
Offerings" is now
ready for distri
bution. Wc shall be glad
to send you a copy.
Ji.ntllU ask fnr Clrculir
CASSATT V CO.
COMMERCIAL TRUST BLDG.
PHILADEU'HIA
HEW YOWl
bAUi mors- prfTStiu uoh -so ajiton
Holliduysburg, Bedford
& Cumberland R. R.
1st Mtjjo. Is
Duo .Inly 1, lfHl
Ouarantprd Principal and Interest by
IVtuislvtinia R. R.
Tlie Normil ri-iltriiUInconie Tax
Hie I'Mint'U mil St it Tu
;. A Int. to Melil Out HM
Townsciul Whclcn & Co.
505 Cho-stnut St.
Members 1 I'bllii -.torls l'vrhnnses
I elifuTi -TaTliJ It 11- fin"- tVfi's lUil
tlilfico I "bin t Hl" l U'j'h 11)03
Irslnlii l(nlln I iiiilpinem rrbil n's
llllnulh i entriil I iulii. S'rliil ti',4'n $. "'
I iibm I'm lllc I (iiliiimit hrrlnl Vh
rblbuli lnhlii I lenrli ( nnip.iny
fl's 1022
Samuel K. Phillips & Co.
Mi-mberh rbllnrb Itibbi tnrb ICvibanire
-.(17 ( ill sri t hrui:i;i
U. C. I. 8s l!2a
Terre Haute, Intl & East, is, 1915
P. S. V. (N. J.) 7h, 11122
HENRY U. B0ENNING & CO.
STOCK I'M IIAM.i: lUlIIIINd
Illim I'rU.it- Ttlepbiitie In Neu Yorlc
Mrmbrm I'lilln. stuck l.tclitince
3
Investor's
Pocket Manual
A record of BtocUn traded In on
nil exchatiffoB Over 270 ihib3
of rmnpUto and iMLritiul Infor
mation mill Htatlotlrs
Ben! res oil rriju-a
MILTON HEEMtfCO
STOCKS-rORi:iCNUCHAf.CE BONDS
MSMP8HS
PHIIADDIPHIA OtDCHIXCHANiSe,
CONSOLIDATED STOCK tXHAHCWNt
1022 Chestnut btrcet
I'boneHi Ilrll, Bpruce B0 1 1-3-3-1
7t llrnan
Htiinifurd
Kri'stiinei Itme 7SI
ifwnr A 481 Bill Ave., N.
d, oni. Hiirlngfleld, l
T.
in.
P. J. VAN IJII.LIARD
At OOl lANT-Al'IJlTOIl
l'KIvHAI IMIIMK TXKS
imi rj ii till Income Ttx in;
.i,t-,, it 'it rnul ltevmue
soi) 111 i. i:iiaii: Tiitsr iii.do.
'"wrl (lltll limp KII17
tn Kiircbillre In
Water Power Securities
No 1'tirl or T.iilior Troubles
7'ref ' 1'r inn Mara Tnn
JosepKW.Groaa aCa
2 ChPHtnut Street
Dated July 1, 1921
Principal and interestfpaynble'in gold in New York City at the'Agenc? of the
Canadian'.Bank of Commerce
Interest payable January 1 and July 1. Bonds In coupon form of $1000 with
provision for registration of principal. Total Authorized Issue, $25,000,000 ,
ie July 1, 1946
THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK, TRUSTEE
t
Canadian counsel advise us that these guaranteed bonds
are secured by the full credit and taxing powerof the
Dominion of Canada equally with its direct obligations
A sinking fund, commencing immediately, of $500,000 per annum is to be
made available in equal installments during each six months for the pur
chase of bonds in the market, if obtainable at or below par. Any unexpended
balance reverts to the Railway Company. ye
The bonds are the direct obligation of the Canadian Northern Railway Com
pany which is owned by the Government of the Dominion of Canada and
forms part of the Canadian National Railways System, which will consist
of over 22,000 miles extending from the Atlantic to the Pacific Ocean and
reaching every important traffic centre in Canada.
-v Price 96V and Interest. To yield about 6.80
DiKon, Read & Co.
The National City Company Guaranty Company of New York
Blair & Co., Inc. Lee, Higginson & Co.
Bankers Trust Compaq Continental and Commercial
Union Trust Company, Pittsburgh Tr,ust & Savings Bank
The Informstlon contslned In this sdvertl.ement ha. been obtained from source, which we consider reliable. While not pisjanteed It is accepted by us as accurate
Travelers Cheques
THE universal recognition, conven
ience and safety cf travelers'
cheques axe fast making them a neces
sary part of the- summer's vacation.
They:
sro ralueloat if lost or stolen,
are acceptable everywhere,
serve to identify you when counter
signed in tho presence of the
acceptor.
I ' "ViT E IsBUe these cheques In de
l nominations of ten, twenty,
fifty and one hundrea' aoiiars.
For Salt at Our Tint Officii
FVanklin TVust Co.
Fifteenth fit. below Market
Wert l'hlln.i Sind nnd Market Bts,
ueiaware ATenu.
and
Market Street
DAY
AND
77s bank that
Phlladtlphla J,,
night ttrvlcm.
and
Equipment
Trust
Certificates
STANDARD TANK CAR COMPANY
Due somi-nnnually, 1926 to 1029
Authorized and Outstanding $1,550,000
Secured by Equipment Ccuting 2,500,000
Earnings Applicable to Interest Five Times the Requirement
Price to Return 8
Free of 2 Income Tax, Penna. Tax Refunded
Edward V. Kane & Co.
612 Morris Building
Established 18 years
HI.L-SMITH&CO.
INVESTMENT SECURITIES
1009 Land Title BloW, Sprues 6721-3
-$ :
STEEL SECURITIES
are typified by the issues of the U. S. Steel Corporation.
Wo discuss them in a simple manner, fiee from dull
statistics, in
THE OUTLOOK
for the
U. S. STEEL CORPORATION
a circular which our Statistical Department has just pro
pared for distribution.
We should like to send you a
copuuours for the asking.
Call, write or phono for PL-428
WALTER J. SCHMIDT & CO.
Members Consolidated Stock Exchange of New York
Philadelphia: 1323 Walnut Street
Walnut 4000 Itnce -1080
Now York. 30 Drorfd Street, 319 Fifth Avenue
I
At Close of Business
June 30th, 1921
WE HAVE TODAY 9130 DEPOSITORS WITH
CHECK ACCOUNTS $3,631,237.03
8700 SAVING FUND DEPOSITORS 2,330,110.09
A Total Belonging to Our 17,830 Depositors of $6,011,677.17
These Funds the Company Loans and Invests in a Careful Manner So
ob to Re Always Able to Meet the Depositors' Requests for Payment
I. Cash in Our Vaults Gold, Silver and Notes $305,009.14 j
II. Cash on Deposit With Bonks, Payable on Demand. 270,489.54
III. U. S. Government Securities 787,172.92
IV. Bonds of States and Cities -186,096.68
V. Bonds of Railroads and Other Corporations 733,445.17
HIGH OltADn AND READILY TOLD
VI. Loans to Firms and Indmdunls ; 1,520,785.14
PAYABLE 'WHEN WE ASK TOn IT WITH "SECURITIES
Pr.wl3J'L-K.SfoW'N' MARKET VALUE TLEDOED TOR
PAYMENT OP LOANS
VII. Loans on Time to Firms and Individuals 71,695.50
MOSTLY THREE AND FOUR MONTHS WITH SECURITIES
or WELL-KNOWN MARKET VALUE PLEDGED FOR A
PAYMENT
VIII. Loans on Promissory Notes 183,463.99
JStJr.'nl.Jrfi'P ,NUIVIDUALS TAYAnLE IN THREE OR
IX. Mortgages 2,170,600.50
MOSTLY ON DWELLING'S OCCUPIED BY THK OWNERS,
MANY OF WHOM MAKE QUARTERLY' PAYMENTS ON
ACCOUNT OF THE PRINCIPAL.
X. Bankinp House and Vaults 244,048.05
UJSJJLDE,?.A.rK,J3Er0SIT VAULTS CONTAINING 1R10
ROXES INCREASED BUSINESS NECESSITATES BUILD
ING ADDITIONAL VAULT IN BASEMENT BOXES FOR
RENT
XI. Interest Due May 3, 1921 776.89
TOTAL $6,814,183.52
This leaves a surplus of $799,506-35
Ileing the Capital $250,000; Sur
plus, $500,000, and Undivided Pro
fits, $19,50025 which constitutes a
Guarantee Fund for all who do
business with us.
In addition to the above we hold
$1?,0,51U9 in Trust wade up of
$39l,t7GJ0 in Securities and $IS,
335.29 in Cash which are hept en
tircly separate and apart from the
i ornpany's assets.
North Philadelphia Trust Co.
Broad St. and Gcrmantown Ave.
Above Erie Ave. Philadelphia
3Jiiiiiiiunjuiiiuimiiin iji i
NEW POPULARITY
OF PUBLIC UTILITIES
PhnngltiB public opinion that has
pnhnnced their Investment pos.
tlon.
Send for our current pictorial
number of "Tlond Topics," which
contains absorbing article on thlu
Bubject.
Fairman & Company
Drexel Building, Phila.
Kitnbllnlicil 1002
A. H. Bickmore & Co.
Ill Broadway, Now York
rg,HHLr-r'rT"'r"gi mm rrKmf.
UAMiKlia
Dealers in
Investment Securities
Humbert) tittu Vorfc autt i'nfiWfMi
Uluck hxclianou
321 Chestnut St., PhiladelphU
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
10B0 KKAfc ESTATE TUUbT 1IU)Q.
lnTjilUBte ana ndjiitt. corporation and
T",0H"urn B.ccgu,,U aB4 P'WMi. KeJiS!
IIuenoH Aires Gs, 102f
I ! nt... i cl f i a 10i0
E. I. du Pont 7'js, 1931
Emniro Gas & Fuel Cs. 1921-26
Indiana Ser. 1st & Rcf. & adjustm
Nor. Pnclflc-Gr. Nor. Joint tyi, 1P
MCown&Cai
..... ... .!.. !: ii
Lianu line mag., '"' zim
Members Philadelphia Btoek ic
, j ititt
)l f ( l &, J 'V
At Al , 4v