?jfl TOOT u'f. V -' " OT 7m ri r i . wi: i"A sV";? "'.4t"AmSM;.tP , '. . ..eniKi "ft ' U' n'j ' i. ' ft. t ni ' i ' W- f . .' f r EVENING PUBLig LEDGER PHILADELPHIA, WEDNESDAY, JANUARY 18, 1922 10 '.if' h ' w '.w NEW ISSUE .. V- i $2,590,500' Federal Light & Traction Company X 51 T H k V! "IS I 'I I 1 II : Stamped Thirty-Year First Lien Geld Bends Bearing Interest at 6 v-- uatca iviarcn i, i9i . - Duc March , ,,, Interest payable March t-and September I Coupon Bendi $1,000 and $500 denominations, registerablc as te principal in multiples of $1,000. Stamped Bends of this u. v ui imtiisi ai mc raic ei ove per annum Irem March I, 1922, te be callable in whole or in part at the option of thi Company en any interest date after thirty days' notice at 105 up te and including March 1, 1932; and at 10 thereafter u" 10 ana inauuing rtiarcn 1, 1 935 anil thereafter at 102, in each case plus accrued interest. Principal and 5 interest secured by First Mortgage or Deed of Trust, dated March t, 1912 and the additional 1 interest' te be secured by any mortgage which the Company may hereafter execute. e-- P i Authorized 550,000,000 Retired by Sinking Fund $714,000 Pennsylvania -Personal Properly Tax refunded te extent of four mills. V Outstanding as 55, $4,010,000 This issue, $2,590,500 COLUMDIA TRUST COMPANV TRUSTEE Mr. E. N. Sanderson, President of Federal Light & Traction Company, summarize! as fellows from a letter dated January 12, 1922; Business: Federal Light & Traction Company oyns.er controls public utility properties furnishing electric light and power, gas or traction fatilities in fourteen communities in the States-of New Mexico, Arizona, Oklahoma, Wyoming, Washington, Colerado, Missouri and Arkansas. The . companies operate without competition in their several fields. Earnings: The earnings applicable te charges en First Lien Bends for the twelve months ended November 30, 1921, were equivalent te ever 3.25 times these charges, including the require ments of this issue. Fer the three preceding calendar years such earnings averaged ever 2.5 times these charges. Approximately 82 of the net earnings for the twelve months ended August 31, 1 92 1, were derived from the sale of electric light and power. Company's Grewth: properties 1913 1921 Increase $2,372,174 $4,809,071 'ioe 892,300 i,437363 60 ie,78i,334 11,150,100 4 !. Frem December 3 1 , 1 913, te August 31,1921, the Company has spent en the of subsidiaries a total of $3,648,375, the result of which is reflected in the follewing: IQU IQ2I Increase Gress Earnings x Net Income Total Fixed Charge Obligations Fer the 12 months ending August 31. Purpose of Issue: Te retire $i,5od,eoo Debentures, due March 1, 1922 (convertible into First Lien Bends), te fund current indebtedness, and te increase working capital. Delivery inform of interim receipts will be made en or about February te, 1922, interest being discounted at the coupon rate of 6 from date of delivery te March , 1922. Legal derails will be passed upon by Messrs. Hawkins, Dctafictd W Longfellow for the Company and by Messrs. McAdoo, Cotten y Franklin for the Bankers. Price, 91 and interest, yielding ever 6 White, Weld & Ce. West & Ce. This information and these statistics are net guaranteed, but have been ebt nned from sources we believe tt be accurate. We beg te announce that Mr. Max R. Marstqn has this day become associated with us in our Bend Department Gee. W. Kendrick, 3d, & Company Bankers 1431 Walnut St., Philadelphia Members of the New Yerk and Philadelphia Stock Exchanges This Positively IS "Uncanny" Chandler Meters closed Inst night at $G0V6. This stock was recommended for purchasers in four successive issues of "Ups and Downs," our Market Review, nt prices from $49 te 49'4. Studebahrr closed Inst night at $8894. The purchase of this bteck waa recommended January 3rd. It was then $82. Crucible Steel sold down te $57 yestetday. The sale of this sstetk was suggested in edr Review of January 11th. It wns then 63fc. This Review, which has been nearly 95 correct for a con tinuous period' of ever one year, will be sent te you free of all cost or obligation en request. Alan A. Alexander & Ce. STOCKS and BONDS COLONIAL TRUST BLDG., PHILADELPHIA !.: Knee OltGi 1111: Locust 0310-1-2-S-li Ilrnncli Offlce, Ilrldgeleu, . .1. The Goodyear. Tire & Rubber Company Ten-Year 8 Sinking Fund Geld Debenture Bends in temporary form may new be exchanged for Definitive Bends upon surrender of the Temporary Bends at the ( office of Central Union Trust Company of New Yerk 80 Broadway, New Yerk Promptpresentatien.with Temporary Bendsin numerical order, will facilitate the exchange. Dillen, Read & Ce. MP Wettern Pacific lit St 1946 C. C. C. & St. L. (C. W. 4 M. Dir.) lit 4i 1991 Terente, Hamilton & Buffalo lit 4i 1946 Current Rirer R. R. lit 5i 1927 WIDIMA BlM, PHIU0KUWIA MMvJfirtaraUr Jt iiiBI NATIONAL LFAD COMPANY Retention of targe war and pest-war profits makes possible increased cash dividends or a stock dis tribution. Current rise of bteck indicates possibility of early action. Particu lars in Circular PL 450. Walter J. Schmidt ,,, & Ce. J . jq23rWalnut Su, IV 1. l.wKl..l.I- t - 'Muwpiiiia, t. - fV4)" Investment Suggestions We will send en request n new circular which contains n list of ever a hundred representa tive municipal, railroad, public utility and industrial bends, short term notes and foreign government, internal and ex ternal issues. Yielding from 4.25 te 8.85 i Ask for Circular L-2 A. B. Leach & Ce,, Inc. Tnimiitm&tit Seeurttimt IjaSfFewrtCst; I imiiuitijjiiiijiiiiiiiiiiijiiiiiimui imiiiiirj ii i iiiiiuuiiuiiiuiiiimiiiirimiiiiiiillllinillt'ltliitiit P. C. C. & St. L. Gen'l 5i, 1970 Penna. Railroad Equip. 6i, 1928-32 Cleveland Elect. III. 7i, 1941 Metropolitan Ediien 5i, 1922 Arthur C. Richards & Ce. Private Telephone te Nev Yerk Drexel Building Hell, I,em. 70B0 Kerdene, Main 6711 (iiiiiiiiiiioiiiiiiiiiiiliiiKiiiiiiiiBiiiiiiiiiiiiuiuiiiiuiiiiiiNiiiiiNiiiiiiiiiiTiiiieiniiraiiiiiiii Accurate Phila. Egg Pricks Wired te Yeu Daily Before 1 P. 31. A 634, LEDGEft OFFICE "" 3neprt 1M TMirr BTKjasr l-i; .i-nmi.ntjr ,rri Dees YOUR COAL MINE Pay a Profit? Fit your operating meth ods te present market conditions by discover ing every possibility of lower cost or economical increase in output. Yeu get the advantage of 38 years of active ownership and nationwide coal mine management in PEABODY Consulting Service What we are censtandy doing for ethers Is an indication of hew our experienced service may profit you. We also pre pare plans for opening and developing; examine and ap praise and serve in advisory capacity te banks, trust com panies and oend houses. Write for booklet descriptive of Peabody sen4ce. PEABODY COAsV. COMPANY Found tSU 33Z Seuth Michigan Ave. CHICAGO Oprrilhg iS Hlwmmeus mimtt in II fitUi with imul ctcky of lB,OOOfi00 Itu, l'nnilunln Mm II Ihlsb Yftllf KaUi Iran man NmtfciM SARJUEt kVPIflLUPS ? CO. a Camuitttr., ..' oes vvtr seantp; v.O'a iai-ia $3,846,000 Province of Alberta, Canada Twenty-Five Year 5 (Nen-Callable) Geld Bends Dated January 2, 1922 . Due January 1, 1947 - Principal and Interest payable in geld in New Yerk; also payable at the option of the holder in Canada. Interest payable January 1 and July 1. Coupon bens of$l 000, with privilege of registration as te principal. Subject te approval of legal matters by E. G. Leng, K. C, Terente. These bends are the direct obligation of the Province of Alberta and are payable, principal and interest, from its general revenue. " FINANCIAL STATEMENT OFFICIALLY REPORTED AS OP DECEMBER 0 1921 N ' Assessable property within the Province $725,886,535 i ' Total funded debt, (including present issue) , 62,621,530 . LESS: General sinking fund and debt created for self- t . sustaining enterprises 25,467,008 Net Funded Debt $ 37,154,522 The Province has contingent liabilities in the form or railway, agriculture and university guarantees totaling $55,322,659, of which $26,426,750 was given in rcspcci te railways new owned or controlled by the Geverment of the Dominion of Canada. Area 255,285 square miles. Population (1921 census) 581,995. The Province of Alberta, fourth in area among the Provinces of Canada, is five times as , large as the State of New Yerk and equals the combined area of Mentana, North Dakota and Minnesota. Of the 100,000,000 acres, approximately, of arable land in the Province", nearly 12,500,000 acres were under cultivation in 1920. Alberta, therefore, offers a vast field for future settlement and the Government and railroads are offering every inducement te encourage development. Rich coal deposits have been found and are new being exten sively developed. The Province is served by all the transcontinental railroads, which have a total mileage of 4,500 miles within its borders. Price 99 and Interest. Te Yield ever Sl2. Dillen, Read & Ce. The information contained in this advertisement has been obtained from sources which we consider reliable. While net guaranteed, it is accepted by us as accurate. V NEW ISSUE $7,000,000 Strawbridge & Clothier First (Closed) Mortgage 6f i Sinking Fund Geld Bends Te be dated March 1, 1922 Due March 1, 1942 Coupon bends of $1,000, $300 und $100 denominations, regitcrnblc' as te principal, Callable us a whole or for the sinking fund until Muich 1, 19112, nt 110 and interest and at lOTVie thereafter. Interest pujable March 1st and September 1st without deduction of the normal Federal income tax netsexceeding 2r,'r Free of the Pennsylvania personal property tax of four mills GIRARD TRUST COMPANY, PHILADELPHIA, TRUSTEE All legalities arc te be subject te the appreial of ilcxsiv. Murium, Li wit. S S Reclcius, and Messrs. Jehnsen, Uilkysen & Freeman, counsel rer the Company and Messrs. Roberts, Montgomery & McKrehan, counsel for the bunkes. We offer the above bends, subject te sale and advance in price, when, as and if issued and received by us Price, 100 and interest It is anticipated that d( livery m thf fetm of interim receipts will be made en or about February 8th, discounted at 0r'c per annum te Murch 1, 102J Brown Brethers & Ce. Fourth and Chestnut Streets Philadelphia Janney & Ce. K:i Seuth Fourth Street Philadelphia Orders having b'en received in excess of the nmeunt of thih isuc, this alvertisement appears as a matter of iccenl only. Newark Consolidated Gas Ce. Consolidated 5s, 1948 A mortgage en the gas properties in and around Newark, N. J., serving a population estimated at ever 575,000. Price te yield 5.90 Further particulars en request Bonbright & Company i 437 ChMtnut Street, Philadelphia i T1w Tirtr -ttBiten Chicago 1 -J - The First National Bank of Bosten The leading financial institution of New England Foreign and domestic commercial banking of every nature. Correspondence solicited.. WIEII 5 s 4 m t y 4 I I 11 -.'A'CJVJ' : rui.'0fiJjJ H"' vtj'iii'.tii,-;.t'4)t ,- . .tfitU n.Pi .- i . , i 1 ,
Significant historical Pennsylvania newspapers