BMtwwHaaTBBBJBBaaaaHPnaaBBafvniB . . . , u. - '. .'.' . .i , ,. ,... .-. i. t:. i fw rrt.ir -, va' ;d,i'.'a:'H"!vii."i-j1i ..! ;v,'r. . ,mw iiKi fctr. , . . Tfj t 'rKuamBaaaBi BRfflL9niiern" Milt nfiffinK i Inr lilrllnffia I' llll '''IllLi MHfllill r t&b&'xF- :r T , fTt--' .' ay. wsmwtiww &zzm&-'&2mM&mm msvsmmmffimpm t JSiSi mmm m i. V'lMilkdaratt'i.'l' ten M. 9 - &! l,"iBiVY.'f !rn H . WWlii AWtfffJ tkX'-t t a if. si,-':a' !& ",!f; I'iIUI ia.ai.HB ."'il . iLwns k!J MMmtfrf bMvlnlMMi I Ajfiaafj wiWai np'tllH " ! I aw-1 IXTV. ', :& OMii MwwWwtB 'i - Salt 7 Hlarkan raSLJKifiivSttr VHi'lilSSiiiiiVsn. NY.mfcer. I. ln,Chlefe, Kew Yerk and Bulf.le. C.u.en. D.ya.le witkeut WJu.jWIt v., - OT& nsrnV. t tafcriM&m(IjiteMIMMl .V h B If'.''?.' F !," I- Us W I ! ts it' IB MM.iwOi'.wf, liwrw iv..mnr. A Hta w ahani.fr ."ffiiafeLM fUll 01 VBUBUB JHBUl'TO " .r&yM '.' . . r . . . . . 41 .iMtA rrniiinv ler lev nrm-.iiiiraii tpli Phillip 'MbrrJ'wM, ftiileC MI inicueniiiw.fvnijf," rere .recorded -in ,.thef awter & ,4-v v??' were i. (,.-' lrlyTam?ttfsf - Hie, ivfcsw.MlVM , il: Aem Ceal . . , . . ,., ;i 1 AJtf Acme Packlne- ..i M SS . peMller Ceni .. jj- J. ' - Wwd" Tire 'if. 1JH ' IMilj H, s?mfifeiffiisaS5iffi.ii &-jffi . a.v.L. kt "t uu mi tin vMlMi'MM .ftit .ii'.'ji.HtK' let in(C siS0.Vttlcair'Ollk....B' 50 BO ,, iwewtti',,mt ,iv?e.' i je se. i AJ (j- f'i -yjtncnce , 4 . 2e0O1,AlphH.2..-..".;J.'..,.; 88. 88 83 .$ 1 . iee Amr , CemmnUr. e 0. 0 .8 1000iif-.li(l ...... 21 21 21 ,4 TOO Hen' AlUKl ..... an 94 D4 il . 00 Han AIuwk ..... M MBMI.VM0M 'V .. . 1 42MBaata.'Uant. Can. 1000 Canada Cower. ... lift of canatiana. . Min .700 Cens. Cep .Mln . iouvcerui silver www 8000 Okai as eppar 04 04 10 20, a".. 28.. as.. 5" 03 9J? i i 1ft . ran una;ugn,1vnkw, j " .." 1000Oel18t?dr rie,ranck. 20,5 2, 2J 280 jfewa "Sound ....... H 8 8H 2000 Iniipidf tit L1.. 88 80 80 2400 Mcklnlayi Car ...87 80 88 iregwtfgfc issis. U.S. CertlflcMet and TreMury.Nete I t, . ... ,i-ei reur muwt iwanman ,..-.. y. -..., , ......-. ----.., ,.,, ,-. 1 . .. - - .'- . ' ,, ; VHflH - - . k ' ar .. i && . k. ay aaiai pwnian iniairBimi. in biibb liibianiiiM aaia aaa aa ' raBataiaBBaaa I , V' V ,d ' rniium raJuelng t ml We m vemfcer let in' each year (eemineiiclni en Nevamkan I, . . ' . ; 'SH V rVi '.!!' ' t' . 'iMlt. .eK raaluetlana ke ka aaellcabla te tka Nevamkar intaratt and . tka 'sM$r$ ' " ;.'.V ' '."' My Intaraet data nnt following annually until redemption priea of .',A.f 0 S .' . 102 .nJ ifiiaraat ia taached. euch redemption priea continuing -, , . " - r mi. j. aiatuni . i . i Rata i. ,vXata'. . Bld. A.lttd, Tlald 4UtJuna, jaaj.. ;.ioe -a iie 12 ,8,ie cttt7in. JB2S.1 - .'Ioeh ieef a;it at ; au. je22...i.ioe!fT.83iooV " a le BKi(pt..Mmw. tee ai'sa ieeK i.s 4 , D;.,lii2... .100 0-10' lid 11-16 8,41 Mar.. i;i"...0!'"-i'qfV2i82a.4T ' lS24..r. 108 1-10 1081.18 4.0 ,. 164;.V;101 1142 101 15-81.4:20 ika . A 41 ak4h Aataiaa aa i'- . 2' JmiAiLA,'- -!." A PWP Murrayjjriee president bffthi miA -Mi '-wferkara of America. I "."'" .':.;; .J UU...J..'. kualAn BUDimea p rewi"." jwkh ."zr:r e the Mliert' .Hdpperatera,;,iub- Committee en wate.-ueniraB . titmenti'c"We did nothing." V Mar. vMar.. -jam.'. . ivi i-e.avi ea.aa .iv CnimL from nearal normal lneama tr . tAcpUbla. for payment of Income' tax dua en data of maturity. Klrkbrlde Mad SaeV of 'Change " tnnfiili r Kl'rlthrlda ha'hnn'irrfl . tatary and treaiurar et tha Phlladalptila nana u.'nRn nence n, utv, mnllan la aftaetlv May 81. Mr. Klrkbrldaifa a.mambar of th firm of Henry ' ! WE BUY AND SELL r 'rV) mg s etneine 'i v f? .. -' vmi -. 1." . aTJ lieseiiscnait r t (Garmia' General Elaetric Ce.) 4s Hamburg-American Line 4i's i , " . -'.- .- , Spruce3Ul Specialuta in U. S. Government Securities ifetK cSc Sahfem SU., Philadelphia 'Race 7938 Cemmlhee en Wajw Cbntractj ..with' the statement !("w. dw; netning.- JThe efflclal cemmunique of theiaiib theiaiib cemmltteetaJdt ,, ... , , VThere waa ldlacuasleh of the de mand fit the.mlaev.Werkera for. a uftl vihmsi ianrnnur kit in ine aninnicii coal field. Jle '.operatera inauired nat-tlmlarlr : aa te the vleWB OlAthe mine werkeri upea thia demand corer- ing Ineld worker.-' There waa a aaa ; fr-4 t'.' ; : '. 'J$.r ','., te maturity, Total 'AuthiriMd t$Hu; $20,000,000 if jVCaupai ledda regUtarakle a. te principal la intarehangeakla denominations !'$ 1,000, $800. anal $100 ife ' ' i r X CENTRAL TRUST COMPANY OF ILLINOIS, CHICAGO, TRUSTEE ".'.' i Alte! K. edheldt. Ce-truttaa mm Te 0 Prnyfu4W 4,e .,.,., ."., .... , , '; MM v "tfSLI TVJ era! discussion of the .'result of Urn 'shorter work day in tne nines, ei Bnlahd.V naviata of the mine workers, who have made overt charges that, the operatera 'were purposely delaying negotiations, in order that a" shprtage of coat might be revealed in a stronger markt. veatanlav nelnted te the absence of, 8. :D. Warriner, of Philadelphia,, head' of the" operators' delegation, te sustain their charges. .At. operators'' headquarters it waa denied' there was uncertainty' In the ranks, although It waa said Mr., War-, riner waa engaged ,ln;fermulatlng a. pre-, gram of wages upenwhlch all anthracite producers would agree, Charles Town, VVM..April'27. (By, A. P.) A : jury te try William, Itlluard, atdtstrlct .efflcer 'of the United Mine Workers of America, en a treason indictment, was selected in court here today, A majority of the talesmen are formers, and their selection was 'made in record time. Before,, they, were NfAted the, jurors were asked .if. they had opinion "that would prevent you from finding a man guilty of an offense punishable by death."" , The State's amended' bill of particu lars charged that forty-four local unions of the united Mine Workers -contributed te n fund which was used te 'arm and .equip the men who took part in, the. march, and the fighting en the 'Legan - ItjwinA rVti'mtv llnA. TiVanlt flnvilprj editor of a labor publication; FretTj Moeriey, secretary -treasurer of, Dis trict 17, and Hareld W. Housten, coun sel for the union, were named as officers Of 'the "defense fund."' x Snyder and Moeney'pre defendants, whlle' Housten is' an attorney for the defense. Snyder 'said the fund of which he was' president was for the dcfenscj'et men en trial , en various charges Vn Minge and Qreen Brier' Counties. -.. I I I ! II , AR SILVER Bar illver was unchanged la Londen to day at 84Vid. - , vt 'Vr.-,' !. ;. (, il r Yj'-rt 'its f's.Vy'-r W j These bend have keen list d en Chicago .Stock Exchange. Application will be made te liat above bens en New Yerk Stock Exchange. '. -: J KS W &&& ?5P &&i )'4: tf mm '- . A u y Hew I ue - -.. I.I,1 V.S . I . V . : . .'. 7;v i- itt l:' ' vt- .-, ' J, .) .l $4300,000 Penn Public Service Corporation - First and Reffunding Mertgagt Geld lendf, Sorles C 6s due 1947 Dated December, 1, 1919 - . " , Due May 1, 1941 . . , Interest . payable May 1, and .November 1 in New Yerk. Net callable before May 1, 1927. Callable at VA and .'-'" intereit en May 1, 1927. and thereafter en any interest date at a premium decreasing ye each year . te ieti en May 1,1932, and thereafter,, decreasing yife each year te lOOyi and interest, dur- , ing the last-year of life.. Coupon bends of $1,000 denomination with privilege of regis- , tratien as te principal. Bankers Trust Company, New Yerk, Trustee. " -1- .TAX PROVISIONS : These benda-are free -of the present' Pennsylvania Four Mill Tax. The Company agrees , te pay interest without deduction for any Nermal Federal .Income Tax te an amount net exceeding 2 which it may lawfully pay at the source. MrF. T: Hepburn, President of the Company, summarizes in part his letter te us, as follews: The jPenn Public .Service Corporation owns and operates a comprehensive electric light and power system serving ever fifty 'communities, including Johnstown, located in Cambria, 'Somerset, Indiana, Clearfield, Centre anil Westmoreland Counties in western Pennsylvania. It also does some incidental artificial gas and. steam, heating business, and through a subsidiary renders natural gas service in Johnstown and its suburbs. The territory served has an aggregate population estimated te exceed -.400,090. ' ; J . Earnings (Yeara ended March 31) Gress Earnings Operating Expenses, including Maintenance and Taxes., 1922 $4,025,830 2,390,480 1921 . $3,366,088 2,371,011 $1,195,075 ,u a Net. Earnings $1,635,350 1 " Annual Interest Charges en Funded Debt in' hands of public (including this issue) . 911,850 I, 1 Balance $723,500,. Net earnlnge practically l.S times above Interest charges , vl aj The .hew 40,D00-k.w. generating plant at Seward, Pa., built by the Conemaugh Power Ce., and here tofore operated" under contract, is new being acquired in fee ownership through the application of part of the proceeds of this. issue.. The Seward Plant was placed in commercial operation in October, 1921, and in view. of the large amount of additional electric business available in the territory served, the completion of this new plant is enabling the Company materially te increase its connected lead. These First and Refunding Mortgage Bends wi)l be secured, in the opinion of counsel, by a direct 'first mortgage upon this "new Seward Plant, together with ether important property. These Bends will also cover, the. balance of the property subject te underlying bends, of which a substantial part arc deposited with the Trustee.. ' ' ' ' .. w I -I-.. -' ..f--'ti .) ,Vv f Wm. XlFbgers, President of the Company, has summarised his cccempanying letter as follewa The RoSers-lrewn Iren Company, incorporated in 109, te acquire a buauieea eeUblsabeel k 1002, U iuaeng the meet prominent preducersand manufacturers of merchant iron in the Usskeel States ; ite principal branel ''Susejuehanna'' betag recognized in the industry as the highest type of ireei far Ugb grade maenmery asra general reunary csuinngs. ' v 1 ; . The CempStiy's manufacturing plant t Buffalo, cemprisee four blast furnaces of 1,400 tens daily tv lAeatasaf uaiaMB'sui 82.8 acre tract, owned in fee. and meet advantazeetuly ajtaeied from the standpoint of both rail and water transportation. Through its subsidiaries, the Company controls its own coal and coke supply in Pennsylvania; and owns six ere prepertiee in the Meeeaba, Menesnaaee V:. aa .M " i S -a t:. -. 9 Bt AAA AAA a.. i'f ana marquetie nangTi, mm era ere reserve emnwcu m m minimum i a.w,vwv,ww wut, - M t ' r At capacity - A recent auaBrsusal of the fixed assets of the Company and subsidiaries shows a present Valuation of $23,335,000, as against a total outstanding funded indebtedneee, iskding the preeesrt issue of $9,277,000. ' Tlie Company's balance sheet as of December 31, 1921, after giving effect te the proceesk of the bend ieeue and the sale, of $1,000,000 stock, shows current assets of $3,442,974, and cwrestt Itav biUtjes of $770,782. Net earnings for the past six years, (including 1921, during which, by reason of general boeineee conditions, an operating less was incurred), such net earnings being stated after all proper chsfges including a net charge for depredation, sulking funds anddepletien of $3,142,970, but before interest' and Federal taxes, have aggregated $6,489,782, or a yearly average of $1,081,630. Fer the five years period prier te 1921, such average annual net earnings are stated as $1,638,710. The aaajrakl interest requirements upon. the Company's outstanding funded indebtedness, including the $4,000,000 of bends te be issued, amount te $543,850. 1 The General ajidv Refunding Mortgage 7 (Sold Bends wil) be secured by direct lien sjpea all, of the fixed assets of the Company and by pledge of ail the shares of stock (except directere' rsaali-! fying shares) and all outstanding funded indebtedness of subsidiaries, subject only te $5,277,000! (closed mortgages) of Underlying 5 Bends outstanding prevision for the retirement of which en or! - before maturity is made through annual sinking funds (yearly minimum $314,000) of their respective' mortgages and the reservation of an equal par value of the present issue for the sole purpose of -retiring Underlying Bends. ; .Prevision is made in1 the General and Refunding Mortgage for extensions, acquisitions and im; prevements which, in accordance with engineering advice, may become advisable during the. life of; .the Mortgage. The previsions of 'the Trust Indenture among ether, restrictions limit the iirnrt ' of j 'Escrow Bends te 66 23 of the' cost of extensions or acquisitions, thus assuring the maiatenance of' an ample equity for the Company's outstanding funded indebtedness; The Company's majrket'u'aaeured through the established reputation of its product in the Minster and its close relationship, with Rogers, Brown eV Company, established in 1880, one of the eldeet aetdl beet known marketing organizations, in the iron trade, maintaining offices in nine of the principal catsee1 Jin the territory in which' the Company's product is distributed. " The Company's position initsiindustry is assured ly; the advantageous location and efficiency of its manufacturing plant, the control of its own coal and coke supply, the extent and exceptionally favorable royalty basis of its ere reserves, the reputation of its product and its long estabUshed trade relations. Offered when, aa and if issued and v received by us and subject te approval of counsel. Price 97V2. and Interest, te Yield about 714 ',- 'v .1 I) '& t. '.' " -AW V It is anticipated that delivery will be made in the form of temporary benda en or about May 20, 1922. t Kissel. Kinnicutt & Ce. New Yerk Chicago Central Trust Company of Illinois Chicago We de net suarantea tlie statements nd flrurea presented herein, but they are taken from sources which we believe te be accurate. V .r We reeemmensl these nensJe fer Investment P IteT, '. Wr "; i Prks ft1, and Intorest, ylaldlng about 6.05 . - j - i. it Circular en request 'ThekBenasare offered for delivery when, u and if issued and received by us, and siibject te the approval of oureeunsel as te all 1 ,Kf, legaVmatterSiin connection with the authorization and Issue the Bends. It is anticipated that temporary Bends will be avail , ,,'ablefardsUveryoner about May 19 1932. v ' ' ;, M u, ltv. .- IM'J'' '"IP. i-lfa ,,. , Ferbes & Ce NtwXerh PhllafJelahla E. H. Rollins & Sens , New Yerk Philadelphia S. S. Kresge Ce. 199 5and10'Cent Stores IZHHI Z aw -5-!---- 8 EE"5E3";-2"S This business has developed since 1909 from 42 stores with grew sales of $5,116,000 te 199 stores in 1921 with gross sales of $55,859,000. A review of this Company! results demonstrates that: I. NtltkMa4la( Ike (eatral bul Me 'aeamalea, Hie, a I fro I a la 14.1 were treeter Ikta aaf i f (am jm. a. Etralnp tl!l ht 4bla4 la loll ere likelr le cict.4 f mieae recr4. The 1922 edition of our Kresge pamphlet may be had en appli cation, Scd for Circular PL-95 Geerge H. Burr & Ce. 421 Chestnut St., Philadelphia Chlcae Ht. Iule llartrerd San Francisce Neir Yerk Tee Ansele Hoeten Portland,. Ore. Beattle Empire Gas '' and Fuel Company 8 Pfd. Stock Te Yield Over 8.5 , Wrlie for Circular P HENRY L. D0HERTY fc CO. 604 Merria -tig., Philadelphia Alan A. Alexander & Ce. Stocks and Bends Celealal Trert.l.,:Pki't. We will be glad te consider purchasing issues of Municipal, Railroad, Public Utility or Industrial Bends. The following is a list of securities which we and our associates have purchased and distributed recently, and which is representative of the type of securities in which we would be interested: $650,000 Northampton County (Pa.) 42 Refunding and Imprevemeat Bends $875,000 Lackawanna County (Pa.) 4 Court Heuse and Read Imprev. leads $1,000,000 Luzerne County Gas & Electric Ce. General Mortgage and Ref. 7 Beads $1,100,000 Burlington Light & Power Ce. First Mortgage 6 Bends, 1942 $600,000 Carthage Sulphite Pulp & Paper Ce. First Mortgage 8 Beads, 1941 $2,000,000 Philadelphia Suburban Gas & Electric Ce. General Mtge. 6 Beads, 1969 $1,200,000 Taylor-Wharten Iren & Steel Ce. First and Refunding 72 Beadi, 1946 $1,000,000 Luzerne County Gas & Electric Ce. 20-Year 7 Sinking Fund Beads, 1942 Stroud & Company Incorporated 1429 Walnut Street Philadelphia 120 Broadway New Yerk T 1 - -itm tt wd hi warn fell! MMM AtfCOWIteVCQ Land Title Bldg. C. S. PATTON & CO. HiirreMwre lu HAILJCti A aTBVKNMON aaraai i saf----s invnni9 aa n W mMfM nwsii , Bkiaje ,aa.,ft.' . r& - m w wmt a a, an saaaHaam ,v.m tK;t iM ss AWTl vvt r- w.ii m nt-M'j'j jW.T .i M '3d TrjFlA v TW .?! . '.'SI ' kiVM " iW PW v 4! 4 a e ."l ' m y-lSTAJ it. ft' fife ' lit, , ' j .:'. Lafayette .: . i ., r . .,MwBe i- i. --ggJl I SSBmmSSSSSm . I .li aa uaesa.awinu im sale. A' 'v 'jfHBJSMBSBBlf .y i .A., .. ., flffi.; J" ,Y iS'A'j I fn .V I ,1 TJ ' . i . U ll.i . i.ft.i HU.l.t . 1 .;. . ,'k ..'l.i Lii.t J. l.r. rL-.- &WViil,fr 'f.. &W&'l&JM&VttKBriV$,W r1" mi' ' ' I V ' --'- r -Msa --..-.a.-1-.-J-- .. --. a.. - t.ih f
Significant historical Pennsylvania newspapers