A ;" x ' . mmimiJtmUC' LEDOBRPHMbBlPHM, ,WEDKE8Pyl FEBRUARY g,P224 ,K s efff-j ffe . .. i . x . i, f. ; r . f Helder of Adjactatant Mertfat Srn Pr Cent Cumulative Geld Bends of THE DENVER AND , RIO GRANDE RAILROAD COMPANY . braed V under the' Adjustment Mortgage of said Company dated May 1, 1912: Helders of Four Per Cent Ten-Year Secured Notes of THE WESTERN PACIFIC RAILROAD,' COR PORATION issued under the Trust Agreement dated October 1, 1920: v Referring te the Plan of Reorganization bf The Denver and Rie Grande Railroad Company dated January. 27, 1922, which has been agreed upon between this Corporation and the Committee representing the holders of First and Refunding Mortgage Bends of The Denver and Rie Grande Railroad Company, this Corpora tion announces that: In the Plan agreed upon there was reservftd,,te this Corporation the privilege of offering te holders .qfjAdjustment Bends of The Denver and Rie Grande Railroadppeinpany who elect te partici pate in the Plan the right, in'the event that the Plan is carried out, te receive In xchanMr for ch Adjustment Bend of the faee mount of $1,000 'CAna proportionately for bends of ether denemU TueM)t vt"" ' -; $500, MctV'iineunt, of the 5$ Sinking Fund 'Bends of the pre peied Reorganized Company, te be Issued as provided In said Plan? $500, par valua, of (he 7 Cumulative Preferred Stock of the Reerganised Company, se te be issued; Sinking und Bends and Preferred Stock (50 of each), equal in aggregate face value te the interest upon, the Adjust- ment Bends accrued and unpaid at the data as of which interest and dividends begin, te accrue upon such Sinking Fund Bends and Preferred Stock. The foregoing is the utmost which under said Plan this Corpo ration has the power te offer, or whtchvean be offered te holders of Adjustment Bends. . . s v ' The Western Pacific Railread: Corporation hereby offers te such holders of Adjustment Bends aa desire te participate In the said Plan the privilege of se doing upon the basis of participation bore stated, provided that en or before March'1!, 1922, or such later date as hereafter may be fixed pursuant te the Deposit Agree ment referred te below, they deposit their bends, with the October 1, 1921, coupons and all subsequently maturing coupons attached, under said Deposit Agreement with the Depositary named therein, The Equitable Trust Company of New Yerk, 37 Wall Street, New Yerk City. Helders of bends se deposited will thereby become bound by and will be entitled te the benefits of said Plan and said Deposit Agreement upon the basis of participation above-stated, and in the event that the Plan shall net be carried OUt will be -entitled te the return of their hnnrls in C either event without expense or charge, all expenses and charges :. Ia he hnrne riv thta CVirnnrnfintt TLia T?r.!t..KI.. T...... "....... K of New Yerk will issue appropriate transferable deposit receipts ij 10 represent mc uunas uepesucu, respectively. An arrangement has been made with The Equitable Trust Cem- eatiy of New Yerk (which also is Trustee under the Truer Agreement mentioned below) te cause the proceedings which ; arc te be taken for the purpose of creating the new securities Ji contemplated by the Plan and the mortcrae-es securing the nme as well a the form of such securities and mortgages, and all I matters aftcctmg the validity thereof, te be examined by counsel in the exclusive interest of the holders of Adjustment Bends, te j me cna mat, m inc eveni mat tne nan snail be carried into f effect, holders of Adjustment Bends may receive the securities contemplated uy tne i"ian. The Western Pacific Railroad Corporation, which is the owner of a majority ($5,175,000 out of $10,000,000) of the out standing Adjustment Bends, has agreed in the event that the Plan is carried into effect, te exchanere the hemis nwne.t hv it 'i which are deposited under a Trust Agreement securing this Cor , portion's Four Per Cent. Ten Year Secured Notes (but with . the privilege of withdrawal upon substitution of the securities x ei a ncerganizeu company;, upon tlie same terms which are I" accorded te ether Adjustment Bondholders. I Jn the event that the above-mentioned Plan of nenre-am:it!rir. shall become operative as provided therein, the holders of the reur rcr ent. len xear secured Metes of this Corporation i will be offered the privilege of converting their notes, if and y when the Plan is carried into effect, into Sinking vunj Tre j and 77e Cumulative Preferred Stock of the Reorganized Cem pany upon mc same terms wnicn would have been available te them had tliev retained the Ar1iit:tmnf Rnnili ufkl. .. ... I changed for the notes which they new held. Copies of the Plan of Reorganization and of the Deposit Agree ment above referred te may be obtained upon application te The Equitable 1 rust Company of New Yerk. L' New Yerk, February 7, 1922. I The Western Pacific Railroad Corporation, By ALVIN W. KRECH, Chairman of the Beard. The Clearing Heuse in This City is about te incorporate a system of payroll deliveries by armored automobiles, in order te circumvent the plans of highwaymen and ether thugs who arc continually lying in wait for an opportunity te held up cus tomers of banks. We will net be the last bank te avail our selves of any facility in this direction and te pas3 the convenience and safety ever te our customers. We are se convenient te all railroad and ether terminals that it is worth while te consider this matter and the lcs3 risk, be cause of less time and distance te travel tlian you would huve in some ether place net se conveniently located. Wis have a Saving Fund Account, tee, and offer you service in that direction. Come, in te sce ua at any time you like for wc are In the Center of Things Opposite Bread Street Station Third Organized 1863 L . I 1 .- NEW YORK BONDS 4?elSej Cana'ji Ce D as,,... t, b.T. is CSIlefCepT 6i IrV.W 80 1..... ST 1 88tt 8 S7U Chile .Cep'r 7s . I00U Chines Cleve' t ji-k. my si 0 47 1 47 2 47 8 47 10..... 47H S 47 City of Berten si rels .... 109 Cty of Coepsn. huren SHa 1 88 2 BS Cly nie d J- nsrle 8a 2.... 10014 1.... 100 a..,. 100K 2.... 1O0H .... 100K B.... 10014 Cuba-Am B 8s 1.... lOSVi Cuban C 8 cv 0 78tt 0..... 78U Dpt of Seine 7e wl 2 BOH i new B DOH penmaric con ct B 8j 1.... 107 1.... 107 D Canada '24 32 98 v canaaa '88 6 88 1 OSH 1 08 a Canada '31 0 00 H 1 ASM Dutch U I's us 3 04H 1 9i 7 04U Oeve't Freneh n tub rets .... 0ST4 90 OR'i 0 9ST 00 00 0S?4 (SAISIMtl00) 09 98H 08 SO 00 00 08 90 23. 8.... 20.... 10.... n.... 8.... 2.... 2.... IB.... 4.... 61.... 28.... B.... 1.... 8.... 1.... 1.... 21.... 0.... 2.. 08 T4 OS ft 05 !i 90 90 08 U 05 00 98 U 00 H 90 OS Ti 08 Oeve't FRii 2. 13... 20... 0... 3... S... 1... 1... 7. 5... 1... 6... 17... 8... 1... 2... 3... 2. 101 101 101 101 101 10114 101 101 101 '4 101U 101 10114 101 li iem 101 101 101 100 dr'd Trunk of can 0i rcta 2.... 1031 2.... 10214 1.... 102 2.... 102 8.... 1021; Qr'd Trunk of Canada 7a 1.... 110 ti Jap Oeve't 1st 2 88 Jap Oeve't 2nd - 87 23 80T4 23 80 'A Jap Oeven't 4e 1 7314 1 73 K Belgium 09 6 08 S OS'r. K Belg'm 7H 61. ....104 a.... 108 Ti DKOlt Brit I'd 1P87 IB 09 5...... 99 1 98 4 9814 1.1... 08H 1..... 09 2. . 1 .... 2 ! e 8 10 4!!!!! V B Brasll 8s l.... 108 B.... 10814 8.... 10Sl 1.... 103 3.... 108 .... 103 8.... 108 8.... 108 2.... ieau V B Mexico 4s 2 43 " 43 B 43 0 45 2 44 18 44U U S Mexico Ss 10..... B7 67 S8U Un'd S Mexico, T.arfs Bs 23 83 10 34 Am A a ch Rs 2 92 2 03 2 92 8 93 Atn'n Act'c A Chm 7a 83 83 63 68 2.. 1.. 2.. 2.. 0.. 100 100 100 100 100 100 100 100 Amn B A n 3a 0 88 B 88 2 88 2 88 1 88 American Bus net's- 6s 2 08 98 OS 98 08 98 98 OS 3. B. 0. 1. B. B. Am T A T clt 1 88 1 88 A T T cv 4s 1 82 A Tel & Tel Bs 1 0rt 9 06 10 00 A Tel & Tel Ox 2.... Ill 3.... 110 0.... Ill 1.... Ill 2.... Ill Amour 4 11 i SO 2 80 AT&SFel 1 81 1 80 A T & 3 Pe 4s 1. 1.. 3.. 1.. E., 1.. 1.. 1.. 1.. O l!! 1. iuu?e 107 100 100 107 107 108 K Belc'm rets 0.... 108U Kingdom Den mark ct 8s 2 94 04 04 91 04 01 94 i 94 94 4.. 1.. 9.. 1.. WW. SUB. G. & EL, 5's, 1960 'IK0. EDISON ....5's,1922 WZERNEC0.G.&EL.,5'.,1948 McGLINN & CO. fce 7391 Rnce 5103 Jftf3 N. Y. Stock Exchange Widen.. BM. BUI. j-ii '1'1 Mwauvipuid "MSMMl GEO. A. HUHN & ?0NS HTOCKH AN1 nOVDS MrniWr. of the riillsiteliiliia, fitw Yerk and Chlruse Sterk Kxrhnngss Commission Orders Executed In AM the Principal Markets Liberty Bends Bought and 8eld Utile! ue Court Hide. 14IH falnut St. N. 1.. Ill llreutfwuy All Lets Solicited Denmark Cen ut A 8a 1.... 1081. 2.... 108 J 108 1A Kingdom Nor way ct 8 3.... 100 K Sweden da 0 07 1 06 1 07 B 97 Quecnsl'd Ext Lean ct 7 0.... 107 .". 107 Hep Chile '2(1 2.... 100 2.... 100 Hen chlle "41 0.... 102 b.... ions J.... 101 a.... 101 Hep Chile '40 1.... 100 2.... 1001 100 100 100 101 101 101 101 101 100 101 101 nep'e of Uru guay Ss 1.... 104 Btnte nie O'e De Sui 8a 1 00 10 00 1 00 0 00 State of Sae raule ct 8s 1.... 101 1.... 101 3.... 101 8 Perte Itleu 3 7a rcta 1 04 Swlts'd Cen 8s a.... 114 1.... 114 23.... 113 U K Ort Brit I'd 1022 20.... 102 30.... 102 30.... 102 10.... 102 10.... 103 22..., 103 102 103 102 88 88 88 88 88 88 88 3.. 3.. n.. 1.. 0.. r... 3.. 1.. r.. 7.. 1.... 71.... 20.... V K Ort Brit ft I'd 1920 1.... 103 1.... 103 9.. 2,. 2d.. 8.. 25.. (0.. 103 104 104 104 104 104 2..,, 104 23..., 104 23.... 104 1.... 104 B.,.. .104 11..., 104 B,.,v104 Ann Arber 4s 1 ' 00 A Coast I. ell 2 77 Atl'e Fruit 7" 1 28 Atlantic nre ct 0a 2.... 103 1.... 105 4.... 105 Bait ft Ohie cv 0 78 10 70 10 70 1 70 B 70 Bait ft O 8s 1 00 Bait ft Ohie 4s 3 77 3 77 Bait ft Ohie 3s 1 79 1 70 1 70 1 78 Batl ft Ohie Os 10 00 2 90 1 00 1 90 B ft O P I. K ft W Va 4s B 74 Balt'ftbhle S W'n 8a 2 ' 87 1 87 Bell Telephone of Pa 7s 1.... 108 3.... 10S B Kdls'n D 7s 1.... 107 B napld T 7s 14 69 Cen' I of Or n 5 03 Ct'l Pacinc tst 7 83 Cere de Pas'e Cep'r 8s 1.... 112 C ft O cv 4s 13 83 2 83 C'e ft O cv Ss 1 85 1 85 2 85 Chi ft Alten 8n 1 35 Chi B ft Q as 5 07 0 97 5 97 B 87 07 1 07 3 07 8 68 a eau Chicago Mil a 8tP fd 4s 1 37 24 B7 2 37 1 67 1 37 2 37 !.. BB Chloage Kit ft BtP tin 4s 2 81 Chicago Mil ft BtP cv 6a IS 63 1 e 68 a 62 1 63 1..... 1 4 10 1 Chi Nwn 7a 2.... 108 Chi Ttallw's Ba 1 70 0..... 70 1 70 7..... 70 C n I ft P M B 77 B T7 12 77 4 77 Chicago Union ata 4a 1.... 112 Chicago Union Sta ct 614 a 1.... 112 3.... 112 Ohl ft IV I 4s 6 71 18 71 C ft W I 7a 10.... 101 CI'd Cln Chi A St Li cm 4a 2 78 CI'd Cln Chi ft Bt Leuis 6a 8....; 07 B 07 Cole ft 8 4a 1 84 B 85 10 85 C Tab ft n 0s 1 03 Cens"d Oaa 7s 1.... 108 10.... 103 2.... 103 1.... 103 Del ft Hud fd 1 07 Den ft n O fd 8 43 in 43 Den ft II O 43 3 78 Dea Metnea ft Ft D 4a Det Edl Ba '49 1 03 Det Edl Be '33 1 0.0 Det Edl Ce 8 10.... 100 10 100 Det U R 4s 10 65 D ds Nemours Pnrdr 7a 1.... 103 5.... 103 4.... 103 2.... 103 8.... 104 Duq Light 6s 4.... 102 Erls Qenl Lien 0. 10.. 1.. 0.. 10.. 10.. 3.. 3.. 5.. 20.. 6.. 43 44 44 43 44 43 44 44 44 44 44 44 44 44 44 41 43 44 44 Erie R R rv A 1 S8U Erie nncvll 2 38 1 38 0 88 V. Erie It R cv D 1 41 1 41 10 41 10 41 B 42 Erie RR Ce 4s BO 10. Lshteh Tel 6s 1..... TBU Lerlllard C ss S8U X. ft Nash 6s 3,... ion 2.... 101 Market Bt Rlr B Fran 1st 1 a 61 a e e a Oaf Max Patrm 8s 1 100 Mich 8 Tel Ss 2 9T Mid B ft Or Bs 3 85 Mln ft Bt L 4s 1..... 83 1 83 M BtP ft 8 Bts Maria 6a 1.... 101 1.... 101 10.... 101 M K T aj wl 10 43 23 45 1 45 1 45 2 48 10 45 10 43 BO 43 IB 43 Me K ft T 4a 3 75 M K ft T 4a 10 B4 1IK4T 4a wl l....r 0414 M K ft T Bs wl B 77 B 77 1 17K M K ft T 6s wl 1 01 7 91 B 01 4 Me Pae RR 4s 8 62 Nassau Glee'a Rwy 4a 2 no Ntl Tube C Bs 1 98 Nw Or Tex ft Mexico 4s B 73 New Or Tex ft Mez Ba 0 04 B 64 N Y Cent'l 4a 10 87 1 87 N T Cent'l 6a 1.... 10U N Pacific R'4s B 34 4..... 8414 IN Paclne R 6s S.... 107 Nth 8 Pwr Be 2 88 U Oregon 8 1 4 s 8 8SU Ore-W R R Ce Narl re 4s 8 78 41 78 SB.... 78 80 78 0 78 6 78 3 78 4 78 Otis Blast Ists 1 07 Pa R en 4s 2 06 Pa R am 4t 1 87 Z 87 "A Psnna R R Bs 1 03 8 05 1..... 06 1 93 3 95 renna 11 0s I.... 106 1.... 106 Penna R R 7s 8 100 1.... 106 li... 106 Pee O Light ft Coeat Bs 1 83 Peoria ft E In 10 24 11 24 Pierce en Ba 1.... 100 1.... 100 Predu'e ft Re Antra 8a 1 09 B 09 Pub Serv Cerp N jar os 1 701! Reading Ce 4s 8 8214 St L ft S r a) 1. 3. 1. 6. 0. 1. 1. N Y cent'l 7s 6.... 103 8.... 10KU New Tk Dk 4s B 77T4 N Y Edisen Ce 6s rcta 09 99 09 90 00 09 90 106 106 106 108 100 100 10s 7. 1 1 1 1 1 1 New Y Lack ft Wcst'n 4s 2 98 N Yk Light II ft Pwr Bs 1 05U N Yk N II II cv 8e 3 43 New Y N H ft Har'd 0s 1 00 4 60 1 60 N Yk Rlys 4s 1 31 N Yerk State Rlys 4s 1 '00 1 66 N Y Tel '41 2. . . . 103 6.... 102 '2.... 103 N Y Tele'e '40 2.... 103 2.... 102 N lit W C ft Beat 4s 3 41 1 41 10 41 3 41 8 41 U North Western Bell T 7a 1.... 108 Inelair a Oil Cerp 7e 11 08 1 09 t 00 1 99 8.... 100 1 99 1 100 Be'n Bill T Be B 94 Be'n Paelfle fd 1 84 1 84 8'n Pae cv 4a 1 88 ;Sn Pae Term'i 0 80 8 80 a 80 0 80 8n Railway 4a 20 61 4 01 1 63 1 62 8n Railway 8s 3.'.... 00 10 00 8n Rail's- 6s 3. IB 10 8. . . . 10 Baaea 7 8 e a e a Bee e a a 73 78 7B 75 73 76 75 7B 76 76 78 73 7814 78 75 78 78 St L ft 8 F In 20 88 B 38 Msale) 38 83 10 0. . ... B.. ... 3 10. 3. 2. 1. n 68 '. 10. 13. 4. 8. 23. 1. 14. 08 38 B8 B7 37 68 69 50 30 69 CO 60 3D 50 3011 Bt L ft 8 Fran Series A 1 68 8 68 2 08 1 68 3 60 St L Sevr'n en 1 72 1 72 1 71 St L Sw'n 1st ... 72 St V Sew'n 5s 8 73 Seab'd ALul 1 17 Seab'd A L fd 2 33 S A L 4a ta 10 CO Seab'd A L 6a 10 44 1 44 1 41 2 44 2 44 Sh Steel II 4s 00 6. 2 1 2 j 1...7. 7 1 5..... 2 1 0 1 04 04 93 95 94 94 94 05 1)5 04 95 03 94 OB Bn Rlr Mobile ft O Ctfa 4s 1 70 .Third Ave a) 8 85 8 63 1 65 3(aats) 55 Third Ave 4s 1 61 3 61 Tobacco Pred- ucta Cerp 7s 8 98 B 98 1 98 Union Pae cv 6 91 1 01 B(aale) 91 Union Pac fd 1 84 Union Pae 4s 1 01 Union Pae Os 2.... 103 1.... 102 1.... 103 U'n Tank C 7s 2.... 103 Unt'd Drug 8s 1.... 103 U 8 Rubb-r Ss B 87 3 87 1 87 U S Rubb'r 7a 2.... 101 2.... 100 U 8 Rub 7s 8.... 104 2.... 104 2.... 104 U'd 0 Steel Cs 8.... 100 1.... 100 1.... 100 2.... 100 Utah P ft L Ss 1 88 Va-C ch 7a 1 02 Wabaati R 2nd 1 81 nVest'n Elee 3a 7 09 We'n Pae lsts 1 85 1 8BU iW Union 0s 2.... 107 1 10774 XVustlnghs'e E ft Mfg 7a 1.... 106 1.... 100 2.... 106 1.... 106 W ft L E 4s B 68 Wtcks's Spncr Steel 7a B OS Wilsen Ce lsts 1 03 Wilsen C 7s B 95 1 OS Wis Cent'l 4s 11. 76 1,. 0.. n a.'.' 8.. 10. C0 60 59 60 30 COV. Erie ft Jbv Os 1 83 FIo'e B Coast Rly 4e 1 84 Qene'l Elee Bi 1 9BU Ooedyear T ft Hub'r '31 1 98 10 07 1 98 4 n7?i Goodyear T ft Rub'r '41 1.... 112 B.... 112 6.... 112 5.... 1121- O N R 6s v.1 .' 97 ; 10.. 10.. 02.. 1.. 10.. 25.. 90 07 97 07 PU 97 97 07 07 0 Liberty OV.s .. Liberty 2d 43 . Liberty 1st 4',1b Liberty 2d 4Vs Liberty .'id 4 Vis Liberty 4th 44s Vic Nete 3s Vic Note 4 s , 1:30 High Lew P. M. . 05.28 05.10 05.28 . 05.00 05.00 05.00 . 00.U4 00.20 00.34 . 00.20 00.14 00.20 . 0J.20 07.10 07.20 . m.:is 00.20 oe.:ss lOtV.10 100.10 100.10 .100.18 100.10 100.10 FURTNERmUPSE ura MR Removal of Stock Frem Detroit Exchange Causes Unsettlement New Yerk, Feb. 8. There was n fair amount of business en the Curb today. Price chances were narrow and in most instances downward. Tne fur ther collapse of Lincoln Moter. Induced by the removal of the stock from the Detroit .Stock Exchange, caused the market te hare an unsettled ten. ' The tobnece stocks, however, were in feed demand, and with the exception of 'hllip Merris, which was fractionally lower en profit-taking, were generally sltady. British -American Tobacco, coupon stock, sold slightly higher, while Tobacco Products and It. J. Hcynelds "B" maintained their level of yester day. Intercontinental Rubber contin ued te sag and broke sharply the bet ter part of a point. The radio stocks were slightly easier. In tte oil department, there -was ac tivity in the pipe-line stocks. Stand ard Oil of Indlntia was off a small frac tion. Kiiby Petroleum continued its rise and touched a new high record. Oilliland Oil was about bteady, and Mexican Seaboard sold at the level at which It. started its rise lact week, hav ing lest oil the gain. Southern Pe troleum responded te the declaration of the initial dividend with a fractional In the mining section, Magmn Copper held its gain of yesterday. Seuth Amer ican Platinum sold down below O, being without support. laiJUa 1BIJU.D Acme Ceal Ilrlt Amer Teb coue ... Cent Teresa Rugar . . . . Cent Teresa Sugar pref. Karl Moter Mariana a n ...... i" nrar.t Moter liV iieyden cnem Inter C ft 3 Inter Rubber Lincoln Meters A . . . . Philip Merris Radie Cem Timlin I'fttn Trf ...... --..--.-. . r-r- ----'- .; 11 j iteyneias (new) "ii . . vift Southern C Iz L 1U Htandard Moter 3 Hvveets Ce 3 Teb Pred Kxp fl u e ji 11 hi U ,s Hteam 12 United PrnHt Rhnrlnv lit United Ret Candy C BTAXDARD OILS Imperial Oil Canada 103 Prairie P U 21.1 Uureka P U A7 Seuth P V 9t Heuthwct Pcnn 00 Stand Oil of Ind 80 INDEPENDENT OILS Allied Oil ..; 3 1:30 P.M. I'A '. 13 13 Lew High 1 13 l.T4 13 25 "$ 'in 8 3 8 3 3 .3 ' J' HU VXJ t'V . 21 21 21 n 8 s 1 $2 lilt Sfc 31! m 4I1MI U74 1 1 3 3 3 3 0 H 85 85 12 12 m i G4 5 103 241 87 91 no 86 LOCAL MINING 8T0CK3 TOKOPAII STOCKS Hid Cash Bey Jim Ilutler MacNamara Crescent Midway MUpuh Extension . Mentana North Star Hesaufl Kulu Tunepah Extension Weat nnH West Tonopah .05 .05 .07 .01 .00 .en .(4 .02 .10 vi .7fl .03 DIVIDE STOCKS C B & Q 0V. ..... 100 1.... ienv 1.... ion 4.... 100 1.... inu C & B I Bs '31 oeisale) 71 an 72 71 71" 71 71 71 71 71 71 72 73 TIT. 72 71 72 71 Tl 71 71 71 71 71 71 71i Cht & Erie 1st 1 83U Chi tOWli 1 01 Chicago Mil & Bt P d it 30 C0 20 57 1 67 1 B7 V. Chicago Mil A St P 4s '23 B 71 38 71 3 71 1 71V. Chicago Mil & HtPev s 3.1. SO. 20. 35. 20. 7. 10. 2(1. 10. 100. 10. 10. 1. 43., 2., 10., 10., 7., 1., 1., 4., 1., 1, B.., 1 17 1 8 a 10 a 3 1 9 82 62 62 . 03 03 3 03 ua',; 02 03 63 63 O Ne'n Rly 7s 1.... 107 2,... 10S 1.... 108 1.... 107 0.... 107 1 107; Qrecn Hay & W'n D 1 8 2. . 8"i Hud 'ft' Man fd 10 73 8 73 8 78 4 78 2 78 Hud ft Man In 10 nn 5 C0 4 Ii0 2 B8 a.,... .17 Ills Ct'l 4s 'S3 3 7S 1 78 4 ISi'.U III Cent'l B 1 08 V. Ind'a Steel 1 1 nsvi Inte Met 4s 1 18 6 17i Inte M ct 4t 2 10 4 0 Intb'e R 0 20 B .1 20 10 4 0 1 1 I M Marine Os 8 02 7 02 10 02 2 OL'U Int'l P Bs rcta 8IU Kan a r a a aiemp it 10 75 Kan C ft a ns 1 ein Kan C ft H lis 1 R4U K C T Rly 4s 11 70-i .Kelly Sprut'I Tire 8s 0.... test; li S If 8a iff pn 15 10 T fd 04 64 04 04 04 Cl 01 04 61 01 Allied Dlvtd Alte Dlvlda Ilelcher lieicner Ext ucn uur Hreugli Dlvlde Divide Extension . . Dlvlde Cen Dividend Unst Dlvlde Harmlll Hasbrouck Divide . High Divide Knox nevcrt Dlvlde Rene Divide ltciseta , silver King Sutherland Tonopah Divide . . . Tonopah Hasbreuc:: Victory D'vlde ... . Vcrda Divide Zene .00 .02 .00 .02 .01 .17 .02 .03 .01 .10 .0.' .01 .0.1 .01 .01 .02 .01 .en .01 .02 .00 .01 10 GOLDF1ELD STOCKS 03 Heeth Comblr.tLtlen Fraction CracltcrjBCIt Dlnmendfleld Dlua Hull Florence C'eldAeld Cen Ueldfleld Dev Ueldllcld Deep Great Uend Jumbo Extension Kewanns I.ime star Ore . , Hid Ullls Silver rick Spearhead re .0-' .20 .04 .01 .01 .01 .ej .01 02 00 01 01 04 MISCELLANEOUS Amparo fin ArUnna United 07 Caledonia 04 Udcn je Rmnm Silver n-j Eureka Creesus Eureka Helly , oei Ilecla oil. Mether Lede Vf Nevada HUls ..,, ,,,'. Nevada Wonder .no Success ,, flO TVcepa Mining , 07 White Uapi 0,1 Ask .00 .07 .00 en .07 .07 .07 .03 ,18 1 .78 .05 .01 ,UJ .01 .03 .01 .0,1 .18 .0.1 .05 .02 .13 .0.1 .02 .05 .02 .02 .03 .02 .01 .03 .03 .01 .02 .11 .04 .01 03 .01 .2.1 .0,1 .02 .02 .02 .03 ,0,1 .0.1 .01 .112 .02 .05 1 00 .00 .OH .20 .03 .24 .01 .01 .13 .02 ;dii ,OM .00 ATkar.'jim Nat Gaa 10 Jloeno OH 22 Ilosten Wyoming 71 Carib Synd 4 Clt'es Scrvice (old) 172 Cities Service "n" ctfs... 10 Cities Service pref C4 Creele Synd 2 Engineers Petrel CI Kensland 101 Oilliland Oil 7 Olonreck Oil 0.1 Granada n Harvey Crude le Hudsen O'l 2.-. Imperial Oil 1.1 Kirny ret 23 Llvtuzsten Pet 1 Lyens Pet 73 Maracatbe Oil 21 Merrltt Oil 8 Mex Seaboard 32 Omar Oil 73 Ited Banks 23 Ryan Cepi 4 Sapijlpa Ref 3 Stmms Pet 10 Melly Oil ,1 Southern Pet & Ref 3(5 IVxen 02 Woodburn 70 Y Oil I. 20 MINttfO Alaska Br Columbia O Alvardo M 7 Wc LediTO . 24 Dest ft Ment 0 Itist ft Ment Cens 3 Eureka. Creesuu 55 Geld Kevvana llnrd hhwll . Independent Lpml 11 Jnrome Verdo Dlv 4 ierr loke Xlngm.i Copper Mether Lode Clt Mether Dode new National Tin Nevada Ophlr Niplsslnr Se Am P A e Tunepah Dlv Idp Tonepah-JIm Ilutler United ESistcrn BONDS Allied Packer fla Allied Packer ctf Aluminum 7a 1025 Amer Tel fla 1S22 . Amer Tel Oi 11)24. Amer Teb 7a 11)23 Anucenda 7a 1020 . Heaver Heard 8a , , llfth Steel 7s 1023 Hetli Steel 7s 1020 Can I'acinr tls . . . CVnt Slew 8a ... Cel Graph 8s Copper Impert Ss 1021 Copper TAuert Ss 1023. 'udaliy 7m Dcere I Ce 7u tialenit 7s 3 10 71 4 172 15' 2 54 10 0 0.1 3 lc 14 22 70 21 9H 73 2.1 4 2 0 5 3 01 70 28 3 7 21 r.e 3 no ;i 3 33 32 ".. n . 4 3 3 3 31 31 8 7 12 12 52 10 I.I 33 n ; .1011 .100 4 03 II 09 n.1 mi i 100 1 irti- 103 242 87 04 CO 80 3 10 .e 71 4 172 18 04 2 54 10 7 05 3 lc 2.1 15 22 -A 70 21 .S 82 73 23 4 O 10 5 3 01 70 28 n 7 21 50 .-. ... "5 32 11 3 3 31 7 12'i no 33 4 03 n en .1.1 101' 100 GOSSIP OF THE STREET The contest for proxies for the an nual meeting, of the Philadelphia Rapid Transit Company continued thechlef topic of discussion In local market cir cles yesterday. Neither aide la IcaTlnf any grnss grew under itfl feet, and every Influence nnd wire Is being pulled te obtain the much -sought document. Interests friendly te tne Mitten man agement arc making an open, nnd n. very active, campaign net only among tne brokers, but among all the approachable nlinrnhnlflrrri. Th mntestlns Interests are conducting a different line of cam paign, out are repertcu w e gci.uu geed results. Fer a time during .the morning trad ing yesterday it looked aa if the fight mes again te be transferred te the open market. Competitive bidding caused the market quotntien te advance quickly te 24, or te within of the high leve! reached In the ndvnnce last week. At the higher ligure, however, quite a geed deal of Kpeculntlvc profit- tnklmr was encountered by astute traders, who had gene Inte the mnrket end of the game without any fecllnz cither way regard ing the intcrestins contest. Thcre will be several weeks before the books will close for transfers nnd up te that time the contest is likely te continue active, If net bitter. Preparing for the Future Accompanying the notice for thean- nual meeting te be held en April 1- thc stockholders of the Philadelphia Electric Company yesterday received n nlrnnln 1nft aalrlnir their Indersement of ii preposition te Increase the limit of indebtedness or tne company irem sw, 000,000 te $150,000,000. Coming, os it did. en the heels of the new issue ui additional $4,000,000 preferred stock, the request was bemewhat surprising. As the cemnnnv had exhausted the previous debt limit of $00,000,000, and lllrmvlxn linvlnir InriipiI the Authorized lS- sue of $15,000,000 preferred stock, with out this authority the management, wenlil h hflulnsM te continue cupitnl expenditures in making further property extensions or improvements, in mv: first dIecc the nrevieus debt limit of $60,000,000 was babcd en the gross rev enue of $8,440,000 or 11)15. Last year the gross revenue was approximately $21,500,000, which indicates the extent of the growth of tne operations and business of the company within the six years. Because of the constant growth in tne use ei eicciricny, net. umj n lighting but nlse in tupplylng power, it is necessary for the management te leek ahead te meet this increasing service. It docs net necessarily mean me com cem nnnv hn In cnntemnlatlen any Immedi ate new financing, but rather is prcpar-. ing the way for futureequircments. Larger Ceal Tonnage" Assured In his annual report te the Hunting don and Bread Tep stockholders, Carl t iieim. thp iirpslilent. imlntcd out the principal commodity hauled by the read. coal, btiewcu a eccrraM ei ie ptrcun in tonnage during last year. How ever, he said, "the result shown In our income statement demonstrates we have been successful in keeping the ex penses down te meet the decreased reve nues. "It might be of interest te note that coal hns been discovered much farther south of our present coal fields than has formerly been shown by any geo logical survey. This is very encourag ing te your management, and will event ually have n tendency te produce a large tonnage. "It was ncccsfenry during the year te continue heavy rcncwalK which had been planned previous te Federal con trol, but unaccomplished during that nerled. and which we were obliged te make during tlie last year or mere of corporate management, instead et tacir being handled proportionately ever a period of, ay, five years. Ne heavy expenditures, however, arc contem centem nlatcd for the coming year, ns your line has new received all the delaied mainte nance necessary te return it te its usual standard." Railroad Profits Last Tear It is estimated railroad profits for laft year will range between e.3 per ....100 100 100 ....102 102 102 ....102 102 102 . ... (13 01 113 101 101 U ....101 101 101 ....100 100 100 its ns ns? Goedrich 7a B7'i 07 07' Clrand Trunk 0h 103 103 le:i .. 31 ..102 ..104 ..100 .. Ort ..102 t 102 1031 100 mi 1112 34 "i 102 103i 10l)l4 00 10! VI ,4 ciuir en Humble Oil 7a ... luterbore 8a Kenneacett 7s .... Merris & Ce 7a .. Vat Arrne 7s . I'hlla Ce 0s PhllJ. Dlec 0a .... Phillips Pat 7s . Pub Servlce N J 7s Uebt Onlr 7s Searj lleebuck 7s helvav Sa Southwest Hell 7s .. htand Oil N Y 7s 1030 Swift 7s 102.1 Un Ilwy llavr.na 7s Vacuum OH 7n Warner Sunar 7s .... Weat P.'co 7a Winchester 7Hs .103 .100 -' 102 10.1 94 04 102 101 07 ml 1022. .100 100 102'a 102 101 101 10:1 ie.iu 100 100 82 284 102 102K iua.. lUii 04 l4 1 J 102 101 117 u.) 04 4'i 102 101 07 U.I 100 102 mi C ...10S 10S 108 ...101 101 101 M VV 4 ..100 . I 'II1, OSi 10.1 V, .10.1 , OS 107 ni i1: 08 100 "u 107 U8V, 98 LONDON STOCK MARKET WORLD COURT INCOMPLETE Twe Membert Absent French Jur 1st Chesen Vice President The Hague, Feb. 8. The Pcrmnnent International Court of Justlce yesterday elected Judge Charles Andre Weiss, of Irance, as vice president. Judge B. T. O. Leder, of Helland, waa elected Iiresldcnt last week. M. Weiss la pro pre pro feBsor of international lnw in the Unl versify of PariH and Is legal adviser te the French Foreign Office The court still Ih incomplete, ewJng te the enforced nhsenrn nt itvn r.t 1.7. iiicmbera, Iluy Barbossa, of Brazil, nnd at their homes en account of sickness The court. In fixing the duties of the Deputy Judges who will replace the abhent Judges, adopted a system of rotation whereby alternntn rinni.imi,,. lien ei ine tiinerent law systems of the world will be ilulv innrff a .,v. comralttce of five Judges new is engaged In elaborating the court's rules of nre-cedurr, List Steady, but Leadership Lack ing Oils Cheerful Londen. Feb. 8. Henes thnr th Benk of Kngluml will reduce its mini mum rate of discount tomen jw from the present rate of G per cent, which has been maintained since November U lnbt, made the feeling in the gilt-edged list cheerful en the stock exchange today. ihe group, in the main, was sietty. French leans were quipt, but steady. With the deadlock In the negntiatiena designed te end tne strike en the Ilnnd, Knflirs were nervous and operations were confined te professionals. Sentiment in the oil department was cheerful, but trading was light. Iteyal Dutch was :Mri. Shell Transport and Trading 4 7-10 and Mexican Eagle Industrials were Irregular, but firmer as a rule. Hudsen's Bay wns 5?s. The rubber group was flabby, but neglected, Confidciice was noted in home rails! which were firm. Dellnr descriptions were well maintained. Argentine rails displayed no tendency te rally. On the whole, the markets were steady, but leadership was lacking, SAY DRY AGENT IS POISONED Milten Exteln, of Atlantic City, It Rushed te Hospital In Washington Washington, 'Feb. 8. Milten Ex teln, of Atlantic City, general prohibi tion agent nttached te this district was taken te a hospital Inst night suf fering, physicians said, from nlni.Mi poisoning. Exteln was rushed te the hospital from the office of Isanc Hltt, United Htate CommiHHiener, where It was Ba'd he bad aenc te obtain a wnrrnnf f-- '- alleged bootlegger from whom he said he bad purchased a bottle of corn whisky. The bottle, he reported, had been lest or stolen from dim .. ui way te the Oommleslener'a office. nnn) n ml M.4 npr rpiir. en Tirrniprlv viiln. ntlen, based en the showing which 1150 of the -01 Class 1 railroads made for the finnl months of 11J21. These reads reported a net operating profit of $42,:;0l),40 for December, and at that rate the total for all the Class 1 reads would be between $50,000,000 und $00, 000,000 for the month. The larger fig ure will hardly be reached, however. Fer the first eleven months of 1021 the railroads net operating income amounted te MO 1, 41 1,008. 'Ie earn 0 per cent en property vuluatien, they would have t t-linw net operating in- i come of $1,080,000,000. Sinclair Oil One of the financial news agencies ' in disi-iissing the recent backwardness i of Sinclair Oil stock says the stock has I born ene of great disappointment. The stock has advanced little in face of general rise in oil stocks. It Is claimed Sinclair has been making money for the last several months after drastic uritc-effs for depreciation. Big hold ers of the stock are doing nothing. On tlie way down from above 00 there were two bull peels formed in Sinclair. Mem bers of the peels were compelled te take thousands of shares. It is known two of the largest holders have net sold. Plans are under way for funding the debt of Sinclair and present bends may be replaced by a long-term itue. It is said nothing is te be done market wise until this refunding operation lius bceu concluded. THE TRADER. POINCARE URGES BIG ARMY Says "Events Oblige France te Be Military, Net Militarist" Paris. Feb. S. The members of the Finance and Army Commissions of th Chamber of Deputies jesterday heard l'remlcr Pemenrc s views en the new Army Bill. The Premier said the Gov ernment regarded eighteen months' service ns merely n s(cp toward a reduction te twelve months. "Events oblige France te be n mili tary Power, but net militarist." de clared the Premier. "Far be it from mc that our country could be accused by our neighbors of imperialism." An regards the number of effectives. M, Polncare said he considered there was no reason te take into consideration the total number called te the colors, but the number really present with the colors, net counting men en furloughs, imnllds und ethers. The net number of ciiccuvcb tnus would .ec iwu. uuu. "France must be in ii state te make' herself respected; te be sure of being i respected." the Premier added. The Finance Commission decided te ' approve ine uui, uuer noting that the (levcrnment had declared the reduction in service te eighteen months could in no way Increase the war budget be. yeud the figures for 1922. Annapolis Students seek te Transfer Cambridge, Mass., Feb. 8. Officials of the Massachusetts Institute of Tech Tech Tech nolegy uttribute te the outcome of the Conference for the Limitation of Arm ament a mnrked increase in the number of applications for trunsfer te Tech nology from the Naval Academy at Annanells. Dr. James T,. 'lVv-n,, .- Blatant registrar, announced yesterday out of a total of 400 recent appllca- uens rer iransiers irem ether institu tions, 5 per cent were from Auuapelis. 4V CONCRETE Ne Excuse for Bumpy Streets There is t pavement Concrete that does net develop bumps or ruts even under the heaviest traffic, but is rigid, permanent, and has maintenance built lnte.it. Cities and towns throughout the country are paving with Concrete because of these qualities and because it is skid-proof, clean, and comfortable te ride en. Oar Blt R-4tmCencttlt StruU ttlh of th puiene tthete ttteni. Write for ieut copy, tentfrtt. PORTLAND CEMENT ASSOCIATION "finance Building . PHILADELPHIA, PA. eA National Organization te Improve and Extend the Uses of Concrete Offices in 23 Other Cities MISSOURI PACIFIC RAILROAD COMPANY EQUIPMENT 6 GOLD NOTES These Notes are a first lien en standard railroad equipment te the extent of only 58 or the original cost. MATURITIES: January 15, 1925.1934, inclusive Price te Yield 5.80 Janney & Ce. Formerly MONTGOMERY & CO., Inc. 133 Seuth Fourth Street Philadelphia Telephone Lembard 4320 4s Dec, 195136 5s Dec, 193438 5s Apr., 1939 5s, 8s Nev., 1949 WE OFFER State of Pennsylvania City of Detroit, Mich. Buffalo General Elec. Ce. Empire District Elec. Ce. Iowa Light, Heat & Power Ce. 5s, 7s Oct., 1946 Municipal and Corporation Bends ARTHUR PERRY & CO. rrevidence 798 Drexel BIdg., Philadelphia Bosten Summary of the Investment Situation In our February Bul letin, just issued, we have reviewed briefly some of the fundamen tal factors which are affecting business con ditions in this country. This Bulletin also con tains brief paragraphs en the bend and stock markets and informa tion regarding various types of securities that are selling at attrac tive prices. Complimentary copy of this February Bul letin will be sent en request. v.. Investigated as te Safety of Principal and Interest, we mig acst the following Seasoned Bends : Columbia & Menteur Elec. .5', 1 943 Harwood Electric 6's 1942 PbiU. Seb. G. & Elec 5'i 1960 Charleston Cen. Ry. C. & E. 5' 1999 Georgia Rjr. & Power 5'i 1954 American Gat Ce 6'i 2016 Reed A. Morgan & Ce. M'ibt L'nd Trust UUI,j , riiiln MrmlicrH eC I'm I'hlln H'm-k I'i.Ii Hemphill, Noyes C& Ce. ATamWr New Yerk Sroeft Kwehmnge Franklin Bk. BIdg., Philadelphia New Yerk Botteo Beraatea Buffalo Albany ByracvM Baltimore Western Pacific First Sixes Secured by a first lien en the main line from Suit Luke City te San Francisce. Aver age net earnings for four years ended Dec. ai, 1920, mere than thice times Bend Interest. Price: 100 and Interest Edward V. Kane & Ce. .Merris liuilding ValuMlslifd IK I'curs Tax exmmpt in Penntylvania Lake Shere & Michigan Southern Rwy. 1st VZe Due June 1, 1997 Particulars Upen Application A. B. Leach & Ce., Inc. Investment Securities 115 Seuth Fourth St. Safe Bends jfer investment HALSEY, STUART &.-C0. Inc. Land Tltl. Uldar. ri.wie. Lecuat 48: Manufacturers Tne jeuna liunlne. mm. trrlinlciil armliiutM, .k.lrr .-i.ri.w. IIeiih i, ,, Ulllnit e I.Mf.t rupllul, ONI.V "' llbl, nultnlnnllul preposition will 110 leiiitlrirrrU. II 3SJJ. I.KIHJKK Olrit'K 1 'I OEOKBDICK3rd cV CO. . taW MOAOCLPtfu. VUlHyruatOU 1431 KAtXVT . M.mbara N. T. ' Phlla. Htuck ISxcha. Jk.ti uai MUNICIPAL BONDS YIELDING 7 V. W. MILLS St CO. Bterk K.rh.n,, mUs -hlli.flnl.l ( ' ' 'fir ' jfl V,' J I -1 A. i
Significant historical Pennsylvania newspapers