w .I ' 'V ,EVENtN',PTIBLld LEDOER-PHtliAlELPHlA, TUESDAY, JtJLY 12, 1921 19 r?, 3" L f flEW S5t $500,000 J Cambria County Pennsylvania " 5 Per Cent. Road and Bridge Bonds Dated July IB, 1921 Duo Serially Interett January 16 and July 1C , Coupon Bonds $1,000 Each Exempt From All Federal Income Taxes Tax Free in Pennsylvania ' No Certificate of Ownership in Collecting Interest Required ! Legal Investment for Trust Funds in Pennsylvania FINANCIAL STATEMENT (at officially furnished) . Total Attested Valuation (1021) $105,694,630.00 Net Debt, including this istuo 2,925,246.85 Ratio of Net Debt to Attetted Valuation, 1.77 Per Cent. Population (Centut of 1910) 166,331 Population (Centut of 1920) 197,839 Cambria County is situated in Central Pennsylvania and is traversed l)y the Main Line of the Pennsylvania Railroad. The County is noted for its coal production and is industrially one of the important counties of the State. It also includes extensive agricultural districts. Johnstown is the principal city. We offer this issue, if, when and as issued, and subject to approval of legality by Messrs. Townsend, Elliott & Munson, of Philadelphia. 510,000 16,000 16,000 16,000 16,000 16,000 17,000 17,000 18,000 19,000 20,000 MATURITIES due July 16, 1922 100.29 $21,000 due July. 16, 1033 102.66 duo July 16, 1923 100.66 22,000 due July 16, 1934 102.81 due July 15, 1924 100.82 23,000 due July 16, 1936 102.96 due July 16, 192S 101.07 25,000 due July 16, 1936 103.10 due July 16, 1926 101.31 25,000 due July 16, 1937 103.23 due July 15, 1927 101.63 26,000 due July 16, 193B 103.30 due July 18, 1928 101.74 28,000 due July 16, 1939 103.48 due July 15, 1929 101.94 29,000 due July IB, 1940 103.59 due July 16, 1930 102.13 30,000 due July 15, 1941 103.70 due July 16, 1931 102.32 31,000 due July 15, 1942 103.81 due July 15, 1932 102.49 33,000 due July 15, 1943 103.90 $29,000 due July 15, 1944 104.00 Accrued Interest to Be Added Prices to Net 5.20 Per Cent Biddle & Henry 104 South Fifth Street Philadelphia Harrison, Smith & Co. 121 South Fifth Street Philadelphia Tie liifcirmatlon and stutlstlra contained herein )mo been obtained from sources which we believe to be reliable. STRAUS BUILDING j j (iliM ilift NEW Y0RK July Investments That Set the Standard WHAT better choice can the July investor make than bonds that have set a standard for thirty-nine years of complete safety and satisfaction to bondholders? What higher investment standard can there be than this? What stronger assurance of the future can the prudent investor ask? What better guide can be found for your July investments? Investigate Straus bonds before placing your funds. They are in $1,000, $500 and $100 amounts. Call and consult one of our officers, or, if more convenient, write for BOOKLET 711-Q S. W STRAUS &, CO. INCORPORATED ESTABLISHED l88l STOCK EXCHANGE BUILDING, PHILADELPHIA Telephone, Spruce 5628 iiJlygfwlggJgJra NEW YORK BOND SALES Am xr fc Ch 7 Mi rcU a 0AU S 00 A fl ft IVc 1 70M Amn T ft T elt H 77 7 77 J 78 1 77 Amn T ft T (la ft H2 1 82 H Amn T ft T 0 1 07H 1 07H 8 07 Ann Arbor a 83 A, T H Fe 4nl 1 70 1 100 A Conn I. clt 2 r,ai; 2 08 A Coast I. 4a 1 7'4 Atlantic lUf'U ct m 3.... 100 1.... 100 Unit & Ohio cv 1 08 0 0'i ft 08'A Unit ft Ohio 4a 3 O0S Halt ft Ohio Ba 4 70 1 70H t 70 Halt ft Ohio IK 1 80 1 80 1 88 U ft O Hwn 3 B 78 Hell Telephone of Pa 7a 1.... 103 1.... 108 1 103 lteth H 6 '30 1 77 Itkn 1MI T) 7a 8 07 Men 11 T ct Ba 2 45 Calf OAK Sa 2 R4 n 81 1 84 C N'n 0 1 1 DOS 1 00 1 00 Canadian N 7a B.... 101 1.... 100 2.... 100 2.... 101 ct'ij of u n 1 85 Ctl Pacific 1st 14 72 Cerro da Taaco Copper Ba 1.... 108 C ft Ohio 4 1 7DS 1 73 C & O cv l 2 71V 2 70 Chi ft Alton 3a 2 42 fhl II ft 4 1 08 C 1) t m 2 70V C 11 ft Q tSAI.TCfl IN II00O) Cl'd Cln Chi A 8t u im 4a 2 07 Cl'd Cln Chi A Bt Loula On 1 88 Cuban A H 81 1 07 1 07 1 (a 0) 07 Cuban C 3 cv 1... 0... 11... B... 2... B... S... 1... 1... 1... 87 67 87 67 57 B7 87 67 87 88 68 Cuba ltd Co Ba 1 Denmark ct A 8a 3 1 2 1 1 Denmark ct II 8a OS Con on 00 oo 00 00 Con '00 00 Do Cnnada '20' 3 00 1 00 2 00 Do Canada '20 2 0 3 01 1 01 Do Camilla "31 B 87 S 87 D Mntch 7 l. .. ioa D ln Nemours l'wd'r 7a 2 .... 07 2. ... 07 0.. . 07 10... . 07 4. . 07 CTVlOcn 2. ..87 Krlo Unit l.len 1 .. 48 a.. .. 48 Hrle It 11 cv Al 1 38 i;rlo III- Co 4a 2.. .65 2.. . 65 2. . . . BO 2... BC (lalv H A S A SUPil lt 1 80 Oeno'l Dice 8a, 1 80 1 . . . 80 Goodyear 1 Iro Itub'r 8a 00 2 flOH 8 00 2 00 Kan C 1't B ft Memp 4a 1 03 Kan C ft B 3a 1 7 1 7 K C T nir 4a 1 71 2 71 a 70 Kelly Sprlne'd Tiro Co 8a 1 01 1 04 II DtlKlum Oa 1 03 VI 1 08 K HelB'm 7a 1.... 100 4.... 100 7.... JOO 0.... 100 1.... 100 1.... 100 IC Helar'm rcta 00 1 2 1 3 1 1 Klnrdom 00 00 00 00 00 00 Uen. mark ot 8a 1... 1... 1... 100 100 100 ioo 100 iou 0a 87 Nor. 1 1 1 3 5 1. ,llivo't . 00 00 V 00 . 00 . 00 . 00 . 00 French n 7 rcta t-vw mrrmarwnenmMw m) fffMj-ptf NEW YORK CHICAGO DETROIT BUFFALO CLEVELAND BOSTON MILWAUKEE SAN FRANCISCO PITTSBURGH LOS ANGELES INDIANAPOLIS MINNEAPOLIS THIRTY-NINE YEARS WITHOUT LOSS TO ANY INVESTOR c',ls"s.w.mr.u.&c,. Ill vrt"Tv miZ A Recent Nation-Wide Investigation showed that 90 of those morchnnts starting uusiness with nn invested cnpitul of but $3000 to 5000 failed. The successful 10 in most enscs Bought tho advice and counsel of a reliable bank or trust company in all thoir financial dealings. THE REAL ESTATE TRUST CO. OF PHILADELPHIA Broad and Chestnut Sts. " --- - ' llAMiKlia Dealers in Investment Securities Mawbara Htw York au4 i'Mladtlpina tiloch hmhangn 321 Chestnut St., Philadelphia feence E. Brown & Co. JR)WW PUBLIC! ArrniiKiTu; mZi"VI 'WrATB TUUHT lliJiii nn,r Vrcpara laoiimt John T. Dyer Quarry Co. nnattwia HtnMIhfi1 1801 BIRDSBORO TRAPPEtROCK Harruon BIdg., B fikdelphk, Pv H.L. SMITH &C0. INVESTMENT SECURITIES 1009 Una Till BUf. Spnica 1721-2 OS Si .... 0M .... 0S .... 0t .... 0 .... ORVi .... 08 .... 08 .... 08 .... 08 .... 08 .... 0S 08 & i:rl lt 75 7ft & O W ! 40 ,.... 40 10 1. 11. .1. I. 3, 11, 0, 2, 0, 3, 1 Chi 1 4 Chi 1 1 4 ChlcoKO Mil Ht Taul 4a 1 C.1 Chicago Mil & Htr M 4a 1 00 Chlcaxo Mil tt Str sm 4a 1 73 Chlcneo & Nth W'n irm 0a 2 00 CAN W 0a 3 00 8 011 1 00 3 09 1 00 Cht & Nwn 7b 1.... 102 Chi HallWa :. 3 04 Chi HItl' M 2 00 4 08 Chi & W I 1 R0 1 08 Chllo Cop'r 0 2... . 71 1.. .. 71 1... . 71 Chlno Oovo't Hu-lt Hy (11 1 ... 4 C I & Bt I. Oa 1 00 Cln Hemlumky & Clevo Bk 1.. .. fi.1 Cty Chrla'a 8a 2 08 City of Ilcriren Ra rcta 1 00 City of Copen. harm sa 7 70 O N Yk 4'0,1 1 80 t'lty Tarlii fl S.. .. 00 2. ... 011 City Zurich R 1 08 B 3 (lovo't 3. . . . S.... 3 1 4.... !,..., t... 1.... 1... ft... I... 1. Oft 03 It Ha 00 00 oa oo oo 00 00 00 oo 3.... 2.... IC Italy 2 Kllilttlom way ct 8a 7.. . 102 1.... 102 B.... 102 1.... 102 1.... 102 IC Sden 0a 1 83 0 MVi 3 83 t, K & wn 1st 2 70 I.lh Val 4a 1 CO Lou & Naah 4 a ... 81V4 Men Petr'm 8a ... 04 IM & Ht L, fd 3a 3.. .. 41 1 41 M & UtLi en Ba 1 00 Mo K tt T 4a 4 00 Mo 1'aclflc 4a 1 . 03 B .... 3 4. . . 03 2 63 4 33 Mont'a lwr 5a 1 S V Cnl'l iVi 1 77 1 78 1 77 New VU Ctl 0a 1 M 1 HU'.a 1 00 2 00 Sow Yk Ctl 7a 1.... "I 2.... 101 N Yk Cenl'l ! Shoro 8a 1 02 1 .... 01 2 01 V N "ork Statu IVorla A E lat 2 S7 Ihll County Qt a...., oo 2 07 3 07 Tilt Cln Cho & St li a Ba 1 MU Urndlntf Ily 4a 1 7S lep Chllo rcta 2 0 1 00 1 00 1 00 nock ll'd A A Lout'a 4 2 0B Bt li & a V a 2 00 1 00 St U A 8 1" In 1 83 1 84 1 E4 8 ftl 8t t A H Tran Berlaa A 1 00 0 00 4 00 8 00 St I. A H l'Vati Serlca C 1 87 St It Sow' n en 1... . 02 Sao Paulo of Ilraall ct 8a 1 Oft 3 08 8eab'd A I a) 2 20 2 20 Scab'il A Is M 1 38 Seab'tl A ' 0a 1 48 Sinclair C Oil Corii'n 7a 1 01 1 01 0 01 0 01 n l'acino fd 8 78 2 70 1 78 S'n l'aclflo 4a 1 70 So'n Pno cv 4a 4 78 Sparta 4a 8 73 fltand'd Oil of Culira 7a 8.... 102 1.... 102 8.... 102 HwlttM Con Ha 1.... 103 3. .. 10(1 Tex A Pnc lat 4 70 2 70 U K of O Jlrlt A I'd 1021 8..., 100 U IC of O Drlt A I'd 1022 10 07 7 .. . 07 lft 07 1 07 CO f!7 23 .... 07 ft 07 U IC of a Urlt A I'd 1020 1 88 1 .... 88 2 88 1 88 B 88 1 88 U K of O Urlt A I'd 1037 U 3 8. 1. 4.. fl.i 1.. 1. 4.. 83 8ft HR 83 83 83 83 llrnr.lt 8a ,... 07 .... 07 .... 07 .... 07 .... 08 .... 08 07 07 07 r.. i.. i.. i.. i.. i.. 2.. 1.. O B Mexico 4a ft 33 U B Mexico Oa 1 44 I'd BUM 3a 1- 80 0 80 U B Ilubb'r .(a 3 77 V B Hub 7a 1 00 tl 8 Bmlt n A Mln'ir 0a B 02 O'd B BtMl 3 1 03 1 OS 1 03 1 04 Utah P A T. fta 1 70 Va-C Chcm lat 1 01 Vo-C CU 7a 1 80 4 80 Wn Paolflc lat 1 78 Weat Sh en Ba 1 08 Wo'n Union Ba 1 8 W A K MfK 7a Bank Rales and Bond Interest The Bank of fcngland and the American Federal Re serve Banks again reduced their rates recently. Call money is now available on comparatively favorable terms. It seems logical to expect that bond interest rates will reflect this situation. We therefore call attention to three long-term bonds yielding from 7.85 to 8.15. For details write for List 7328 Bonbright & Company New York Boston 437 Choitnut Street Philadelphia Chicago Detroit 100 100 100 100 101 100 100 100 Wis Cent'l la 1.. 3.. 1.. 4.. 1.. 1.. 1.. Liberty .V3n Llborty 1st IVis.. Liberty IM -IsVi . . Liberty Hil 4,h.. Liberty 4th 4 Us. Vic. Noten 3h. . Vlo. Notes 49iH. . lllRh Ktf.r.2 ft-.as HtUMS 110.04 87.09 08.S4 08.30 1.... I.OW .WI.44 S7.18 HO.tl'J 00.80 87.02 1)8.30 os.no . Oft 11:13 A. M. .so.no B7.U0 .S0.04 1)0.01) 87.02 0S.31 08.31 CAMBRIA STEEL CO. MORLEY, WOOD & CO. 333 Chestnut Street Membrra of N. V. Phllii. Block Kxrnunirra i7cAPrrALS5oo,ooaoou ( SURPLUS (EARNED) II II gg.OOOOOO.OO Jl You Should apply the same business methods in selecting an Executor and Trustee of your Estate as you would in selecting a Manager of your business or the ad viser in your legal mat ters. The NORTHERN TRUST COMPANY has all the necessary qualifications for manag ing your Estate. Grain Orders for future d livery executed in grain and proviatona. Special attention given to frac tional lot. Boureau & Evans Member I rhlU. Stock Kxehanra I Chfimro rtonr at ttnti 130 South 15th Street Philadelphia Locu.it SISt Jtaee 1781 DIVIDENDS DECLARED Intnrnntlon.M Nickel Co.. quarterly 1 r cnt on oreferred, tiayublo Auiruat 1 to alocu of record July lft Thomaa O. riant Co.. quarterly II. 7B. on preferred, paynblo July 80 to atoclt of record July 10. Harden Co., aeml-nnnual -t per cent on com mon mid two quarterly 1 per rent on preferred. Common la payahlo Auzuat lft t. "lock of record August 1 and preferred Sep tember 15 and DepemNT 18 to Mock of rec ord baptomber 1 imd December 1 Flaher lloily Corporation, quarterly J2 ",0 nn common and ll.tft on uroferreil, both pay uble AtlRUat 1 to atoclt ot record July 21 Osnerul Asphalt Co.. quarterly 1 v-r cent on pre(err:d. payable September 1 tc alock ot record AUKUtt 10. Amalgamated Sugar Passes Dividend Halt Lake City, July 12. Tho AmiilKa matod HuKar Co. haa paaaed thg reirulnr quarterly dividend, of 2 por cent on the pro ferred atoclt. due at thla time. The reHnn Klven are the unaettled condlttona of the financial and auitar marktta and that tho company may N In a bolter poMUun i.. flnai.co tho fall harveattnr of the bout crop. AfflVEntW al Hifsli'' wnue your earning capacity and working energy is at its height. As tho yours go by you will feel more and more like relnx infj. A savings account will cushion your future. 1- North Philadelphia Trust Co. Broad St. and Gcrmantown Ave. Above Erie Ave., Philadelphia 00 00 00 Cld Trunk rcti 5.... 101 2.... 101 O Nth Illy 7a 4. 25. I.. 1.. 1.. 1.. 1.. 1.. B.. 1.. 1 . 4.. 5.. 1.. 20.. 1.. 5. . 1.. 118 08 08 l8 08 08 08 08 08 1)8 PB 08 08 l)S 118 08 1)8 08 (18 08 08 A W Hlya 4 1 64 N V Telo 4a 1 80 Vi NIr F l'r oa 1 80S 1 80 2 80 7 80 Nfk & Wn 4i 2 76 2 70 20 70 Nfk b W cv Ca 6 102 North WVn II Telephno Ilnua'n Teiaa lata 1 83 Hurt it Man fd 2 00 1 00 S (Bale) 00 Hud & Man In 11 41 11 41 25.. 41 2 41 111 Cenfl 5 a 3... . 881, Ilia Central fd 5 74 Int M ct 4e 1 13 Intboro n T M 1.. SO.. 2.. 5.. 1.1.. 20., fl.. 5.. 1.. 1 34 84 S4 54 54 55 55 55 55 2 55 1 84 Int'l Aer C Ba 3 72 I M Marine 0 4 78 Iowa Cent'l 4a 5 41?, Jap Oove't lat 1.. .. 84 Jap Gove't 2nd 1 . . 84 Jap Oove't 4a 1 fi!) 10 00 5.. a.. 5.. 8.. 1.. 1.. s'. 1.. 1.. 1.. inu 100 100 100 100 100 100 100 100 100 ioo !.... iooyt L.... 100 N Puclnc U 4a 1 75 N l'aclflo 11 0a 4 OS 12 08 2 08 Ore t Calf Ba 5 80 1 80 OrcKon H I. Ca 4 00 prir-W'n 11 Co Navl Co 4a 3 70 2 70 1 70 Pac C'oaat fu 1 .... 21 1'iickard Mutur Car Co 8a 1 05 Pa n It 4a '48 3.. .. 78 Pa II m 4a 1 7B 5 75 2 .... 70 Penna It U Ba 2 84 Penna ltd fla 07 07 07 07 07 07 07 Penna II 11 7a 2.. . 102 2 . 102 3 ... 10? Special Gears ACME GEAK CO. N.W. Cor. 7th & Wood Sts., I'hlln. E. G. Budd Pfd. Tenn. Tub. Serv. 5s, 1962 U. G. I. 8s, 1923 IhilTalo & Susq. 4s, 19G3 HENRY D. B0ENNING & CO. stock r.xriiANOK nuii.niNn Plreet Prlruto Telephone to New ork Member rblla. Htack Kichanta Manufacturers and Jobbers We Will DlKonnt Your Illlla and Trade Arerptunrea Alao abort loan on llrat. arcond unci third luartKiiicea Guarantee Finance Trust 314 Cliratnut ht. Phlln. Sub. Gas & Eloc. 5b, I960 Midland Vnlley It. R. 5s, 1943 Mot. Edison 5s, 1922 1'urin Orleans Ilwy. Gs, 195G Land Title Hldff., Ifrmberi I'Mlmlelvhia Phila., Pa. Mock Hxchonot Comervativo Investment Bond Offerings on Request Schibener & Co. (Opposite rvenendence Square) 612..4 YVlnut Street New Isaac $900,000 The Kilbourne & Jacobs Manufacturing Company Columbus, Ohio First Mortgage Jq Serial Gold Bonds Dated May 1, 1921 New York Trust Company, New York, Trustee Due Serially $50,000 May 1,1922 50,000 May 1, 1923 75,000 May 1, 1924 73,000 May 1, 1925 MATURITIES $75,000 May 1, 1926 76,000 May 1, 1927 75,000 May 1, 1928 75,000 May 1, 1929 5 75,000 May 1, 1930 75,000 May 1, 1931 100,000 May 1, 1932 100,000 May 1, 1933 Price 100 and Accrued Interest, Yielding 8 Per Cent The Kilbourne & Jacobs Manufacturing Company is the oldest and largest manufacturer in the United States of wheelbarrows, scrapers, warehouse trucks and trailers and heavy-service industrial cars required in mining and quarrying operations, and in the construction of railroads, highways and irri gation systems. The Company was incorporated under the laws of Ohio in 1881, with a paid-in capital of $100,000 and succeeded the Columbus Revolv ing Scraper Company, which was organized in 1876. The present outstand ing capitalization is $2,000,000 and consists of $625,000 6 Preferred Stock and $1,375,000 Common. Of this amount $950,000 is represented by Common Stock Dividends declared out of surplus at various times, and cash dividends paid to stockholders have totalled nearly $2,500,000. The Company has been accorded the highest commercial rating by Dun and Bradstreet for many years and the controlling interests in the management have remained unchanged during the entire forty-one years of the Company's history. The details of this bond issue are summarized as follows, from a letter of Mr. J. R. Kilbourne, President and General Manager: PURPOSE OF ISSUE: The proceeds of this bond tBtue (which consti tutes the only funded debt of the Company) will retire all of the Company's current indebtedness other than nominal current mer chandise accounts and will leave the Conrpany 'with ample cash working capital. SECURITY l A direct closed First Mortgage on all of the fixed proper ties of the Company, now owned or hereafter acquired. These properties are carried on the Company's books, after depreciation, at $1,861,996.27, and have been appraised by Messrs. Day & Zim merman, Engineers, at a net sound depreciated value of $2,517,300, or more than two and three-quarters times the total bond issue. EARNINGS: Net operating profits, before Federal Taxes, availftble for interest and depreciation have annually averaged over $200,000 for the past seventeen years, and for the past five years have annually averaged over $328,000, or more than four and one-half times the maximum bond interest requirements, TheCompany's earning power has been consistently demonstrated since the inception of the busi ness in 1881, and in addition to cash dividend payments throughout a long period of years totalling nearly $2,500,000, the Company has charged out of surplus over $1,630,000 in connection with the pay ment of stock dividends, the writing off of patents, trade marks and good will, and the adjustment of inventory values. ASSETS: The Company's balance sheet as of April 30th, 1921, prepared and certified by Messrs. Scovell, Wellington & Company, Accountants-Engineers, shows net tangible assets after giving effect to this financing and to inventory adjustments of $3,009,820.55, or over $3,344 for each $1,000 bond of this issue. These figures give no consideration to the Company's very valuable patents, trade marks and good will. Descriptive circular on request. All legal matters in connection with Issuance of these bonds have heen under tho aupervlsion of Mm. Chapman, Cutler ft I'arlter and Oeorire L. Scheln. Esquire, Chicago, Illinois. irar, HYNEY, EMERSON & CO. Municipal and Corporation Bonds Chicago, Illinois 39 South La Salle Street Telephone Randolph 2521 The information and Agurt3 contained in fWa aitvcrtutemrnt art not iruarantreil but have brcn obtninrd iram sources which we consider reliable 'lid have been relied uvon bv u i our Durahaae ot thu i.., ,.i. -ffiS Accumulation of the right character is ono of the se crets of success. BUY THE HIGH GRADE RAILROAD BONDS. Old Railroad Istuos are espe cially attractive at this time. Martin & Co. 1411 WALNUT ST. PHILADELPHIA W SUGAR STOCKS We have issued a timely letter summarizing the im portant sugar stocks which are selling at low prices, npmely: Am. Sugar Cuba Cane Punta Allegre Am. Beet and others. Sent free on requeit. p.fcwwmaco. Mrmbera l'lillu. Btcrk Kiclinnce 1418 S. Penn Square SUITU 300 SI'HL'CI! 0T3 Ka ' .al RACK 4fl.tr Mi a x. .13 fcw 'IT ja i as ill a Direct Wires to .Veto York anil V all 1'rincliial Markets tioa -Ti tie 2it332 Tnain HINK1NH H'ND NOT1CB " T-i-i tue u-r rCDC rtfay? lS int. UJiUll Js7 ISDi FIRST PREFERRED STOCljK ana n -, v rw nnrrTT-iinrw"1"' attundij i-iej irartr-Lft ,i i STOCK OF SUPERIOR?.; ' STRF1. fORPOH ATIONi. vnTiri.' re IflMM'IIV rilVI'.V flutt lfiT- the Sinking Kuml of Superior ateae Pnmnrntlon. the follnwlnif auma fire a.D pllcable to the purrtinae "f ahnres uX. m Flrat Preferred nni Second I'referrtjj sicok or. me urporKiHJii. pf sa..;iiu n to me purennve 01 riraa l'reterreil MtocK. ax 173 OSil.tm tn the purcnaae ot Heconu., t Prefir ed Stock v f nna tin.1 superior meei v-onorRiiun win- if lie" and .pply auch funda on Aturuat 11. 't llilil In the uun-hnau of I'lrat Preferred X Htt.clc unn neconn l'reiorrea liioen, prnlded In th Certificate of Incorpora tion end the bylnwe ot the Corporation, tn wui-h etxent aa the funda In the Sink. In Fund may irmlt at Hie loweat prlrea at which aueh ahnree mar I of fered for aale to th t'nrtoratlon. hut at ft price not to exceed One Hundred and Fifteen Do'lara (1113 (VI) per sham, and tho amount of nil unpaid and accrued dlvtd.nda thereon. Saled offerlnire plainly marked "OfTer of Preferred Stock" nr herehy Invited to lw made to tn Superior Steel Cor poration, at the office of tta Tranafer Auent, flO Broadway. Now York City. on or before July 20, 1021. Such offera ahall atnte the number of ahar.'a for aal. and whether Flrat or Second Preferred, and thf price at which fuci aharea are ao offered, and ahall bv sUned by the holdra thereof. aupnnion htki:i. coitponATioN Ily Columbia Truat Company. Ita Trnnafer Arent. Dated, New Tork. July 7. 1021. v.JXOlwP I a Deaver Dridtfc -P. iL.E.R.R. iKOSTf wn nmMii.ttf t mtimnt suimuu ru 1 A few of our clients are: Standard Oil Co. International Nickel Co. Electric Alloy Steel Co. Philadelphia & Reading Railway Co. Haynes Automobile Co. McCHntic-Marshall Company Gerternl Orflrctii I'lttsbnnch, pa. Philadelphia I MOKItlS DUX). New York, Cblcaro. San Frtuielsro Mcaintic-Marshall Steel Bridges Buildings OTIS & CO. Stocks -Bonds Acceptances Foreign Exchange Member of New York. Cleveland, Boston, Chi cago and Detroit Stock Exchanges, tho 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 Boston Detroit Cincinnati Columbus Toledo Akron Younritown Dajrtoa Denver Colorado Sprint STROUD & C $. n t al .K V? WA ft
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