t w 1 1 pw- ,,.immm)n i.xjLMUUMmMFiMH fl-j&jTsjB-JiPSSWRam JsM ;v,v?V' S;twj . ' V. ' v P . ' v " " , . M. . 7 "V T ? ' e A'vj ."? ff EVENING PUBLIC LEDGER PHILADELPHIA THURSDAY, ;v ' ' ," '.. . , OCTOBER 1922 i -f NEW YORK BOND TRANSACTIONS LIllEitTY IIONIKS AND VICTOR NOTES llh III.'"' '.' Jii im-2! 10.' (HI 01.40 ioi.e 0 HO 101 " fK)Ml jni.sj id.": 100 ! JIHI.UO ltd Mn' : p. July .tulv July July Julv July Julv July Jul July julv July Juli Mnv AIT rue Wiv pur Si. MP IMS ( I).1B Of liinv m;. no HU.tl S3.IIII SU.Sl) SI III HI Ml nit mi M ill Ml. "0 HI 40 KM .1(1 .S.1.IIO '..' I" W.'. 1 4 SIMM) III 711 M US IKBIIO .tun July .Miiv Mnv JIHV Mnv .Itinf. .May July Mnv 1)01'. I ).!. .Mnv Miiv M'iv Miiv May Dnte J. 'SI a I I'll tl. III. Ill, ".'n LSI, 'I'll SI. 'I'D 4. 'an ait '" no. 'an an. 'an a.i, at, t'i. an. a', a", ai, ae 'an m ae an 'an Itnnge, lllKh 1IPI.I1H 11)1.411 IOI. IIS int.ne inn. no inn.M in a. en nil.is mi, in Hit en 1imi.ne 101. mi ion Nil int. hii tnt.na IIIO.IIS ino.ne 'aa I.CW Issmm nl.HI Mhrtv nVj, 10S2-I7 til.s'j Ubertv 3 m. reslntrrfil . . . .' ii.i in uiierty 1st cv 4n UiDLM" .. . (it.HO Liberty Int cv 4s n-K IiJ.JO Liberty 1M 4 lliaT-r.' OS. ,10 Liberty 'Jit s rru liH.ne l.lliertv Jut art cv Pin 111.12. 17 llll.ne Liberty it cv 44n llina-47 .. 11.1.8(1 Liberty lut cv IUh re HI. US Liberty art cv ii Kia7-ia ... 11.1.08 Liberty art cv 4 Us rer !IH.74 Liberty nrt 41 a liiim lU.Ta Liberty 3,1 s'iii re . Ml Liberty Ith 4,n Ilinn-.IS .. . ti.1.711 Liberty 4th 4 H it ret ne.na victory 4 v a inaa-an I10.H4 Victory 4 'is reis llluli liid.im II!). Ill ii'ii'i.'e's "I'tti.'sa "iii'i.'h'h ioe.'n'ii till. lis 100.4 a 1:00 Lew l'.M. len.nn ion.ne 110,01 Hi) in 100.O4 "i'k'i.'i'h "iiii.'si ien.'ea Illl.tlH 100.4a me. os 'tiiVsi 'iiii.'tii ine.'ni n.i, lis 100.12 IHAMI.'I IN MOOOl riini:i(ix itti.s Anion Jer'' SOt, HO 1. 1 I 111 '-""ms!'' fhlrce timet . .... ' I, Tin S riTl I 11-1 I'.l'.t 0.1 ',i 11.1',. tl.l'i iiim'n lnrtuii liev 7 '&i I .. Iil'n I 01 1 iKInclem Men- I'larl: ct H n... . 110 !ll. . . . 11(11, 14 of .Velhcr- lamH (W Ml', I. s'',, ' ci) 'ill" 'I ' Jn r"1" s,.. . 1"0 city ef ."o''' ."e''' ."o''' iens H .1 i ' ' 1 79'i CenunnK i ;uuenre.i 111- 1 riQua i1. ' I . !l'' i Cichc-.si'n.il i.ill'j j'Mle) nii-j lll'll ii :'ii rci IIT'j H7i'j H7S n7 II7V. 07, 07vi Ii7 l)7', H7i r. i ,i 1 i n n :i :i i 117 '4 H7 1 1T'-j !l"l! H7'a ti7ij t)7V, li7i.- I'reiic.i 10 .", 4' ft 4 n 7 i nt'ii ii ill',! .,s (i.l !i1 III' en. jitnmnrk Cen ct H (u 1 100 Drpi felne :i i leu't Ilep'e Sh 7 ... 101 1 . lOP, 111 . 101', 2 Kill, 101'. 1011 101 101 101 , ieih KilU 1" 10 : i .1 se 1 101U 11)1 101 ... .... . tn ,lnl tiinpn i ii c,,!l 1 .. SIM. si,,: .1 . sni . . , - r, hi r """"feV.'j"!' (i"",,t DeCanM'Sa 1l ' jj i,!l aii.i'el H3 Dem Republli.m . Ill el .V4S '"' l"', l V et I ami l',s rcls Ci '17 1 HelKlum t I , e.V., 1 . I'.'N! ..i-.i. 5 I'O'i lll.iil ti.l's 1 lte,j'm 7'i i I 10 (tint) fi.1'i , M I"1 ' Put'h 11 In-Vn a 1IH' .... . !.. i lOP. rrm 3 "- , !t.-.lj l llell-lutll SB I i ;i:,i,, 1 ieii ID I'll, Kli'irrtiim IVn-( ;;if!lle) !i, nurK r,s Tl.nl.) 11.11,! a . 00 1 HI 'a1 : HI1, L' ; 0.1', TltiW) )'lr ,3 ttl.lt !'! 11.1 II I Ii I u 03 II.1U US H.1 U 05 11.1 3. I. as. . M.. 3.. 7 . 3 . 7(inle) H.1 1 (nt) 03U 1-. din') nil. Klnrilum Ner way ct 8 Is... "2 ".... na K Hwwlen (" ID. .. 1031, Tivll") 1031, rarln-l.ynni M llnll'y 111 13 . 731, 3 . . 7(1 1 . Til Queensland 0i 1.. . 101 Republic Hull- via Bs 7.. . 07', . . 071 In Chile Si '20 a . .. 102 in(.ill 102 It Clllle 89 '41 1.. . 104 V. n Chlle 8 '40 1 101 1 . . 101 Rcp'c of Uru- Buny ks 3 .. 107 Ptate of Sae l'aule ct 8" .-. 102 fiu-IU'd Cen 81 1 laili K 'Irt Ilrll & I r.i'jn ".'.) I . . ins K Crt Ilrll s. i r.'js M7 1.1 .. ml II .. 101 S lJrnr.ll 7 1 . no 4.. .. 0', iiM H Urnill 7ijn rets il . .. 801, .1 ... HHV4 S llrasll 8 e HI!V, ' S Mexico 4i 3 . . 0i4 3HV4 S Mexico .Is 10 . . fil'i ninii;sTlc iitiMis ijj Hub'r fs. American Su I !'!iV nef'c Os iim;rlin Ai;ri 1. 103 Chra7'4 a 103 j l"l m Tel St Tel I 101 ilt 4 Am'n Smlt A1 I na'j Mt Ss ill" T.I & Tel 01 I cv l",H Amn Sinar s . . 102' j E't g ,.i A Tel . Tet ,1 I 5 'i'i ii no?, I A Tel e Tel (Is ., .. 117 An.er'n Waier Works Ss 3. 8.1 ij Ann Arber Is 1 70 Arrreur 4H 13. .. Dili T i. S Te 4s in . . 01', 1 OIi ae ... op; HI... Ii m 2(1 Ill', Atcli T t 1 1 ev 4s 'OS .1 8.1 A tch T & H l'e cv 4u '00 1.... 103 A Count Ii elt 13 ... 83 All Coast L 4s S3, ... 01 '4 A (.' Line 4'4s I. .. 01 All'c Kef 3s 1 .... 00 2 .. unn Unit u a SHs I. . U4N r.. ... t4H 11 A O 1'ltt 3', 10 .... 031.4 Halt a Ohie 4 5 .. 81 II. . 8 Hi Halt & Ohie cv 4Hs 3 ... SOW Dalt & Ohie Us 1 . 102 a . inn, 7ime) 101 Unit A O'.lle b W'n 3H 1... . 03U 11 Steel fj .Is 1 .... 08 1 . 031', Ileth Htecl 3s of '38 B.. . 04 Ileth Steel Oi 8 . . 100 Ilkn K.ll D 7- 1 ... 10SV4 1 108V, Dkn nap T 7s n .. 01 1 . . ii 1 Bltn Itnp Tran ct 7b st il 10 89 Kroek'n Union Cl.is 1st I.. . OS1 liush Ulil'K 3s 1 . 03', llush Tcr'l 3e 1. .. ea Canadian (K-nl I'lec Oi wl 5 . . 103 Canad'n Nthn 0'4s rets 3 113 1 . . 113 Canad'n N s 1 ... 113?, Cnnn'n Par 4 1 S3 a ... sa', a . . . S3 1 ... S3 1 . . HSU ft I Leather r, 3 OSS, 7 .. 08'', Central Pacltle 1st Si a 00 Ceru tie Tntcc. Cnp'r 6s ae .. 12l'i r, . 134V, s ... la.i Chs Is Ohie 4s of Ml 7 00 : ft e cv fis a os 2 .... f)7, 1... . 07'4 r... .. 1171 a . . . . 07 '; 10 tl"i Chi A Alt'n Hi- .',!'(, 03 Chi A Alt ) 1 ... 33 1 . . . 33 Chlcaun II & Q nm 4a I.. , 3. n., Chi II 1 1 . 1..., 2ft.. I n Chl A O 1. 1. Chl Inrt , . u m A Q r.n , iet'4 , iep; , 10m , tOI'i 101V1 Chlcimn A lJ'r Ills ,1s '31 83 8.1 83 IV 411 .12 3 J A I.e r.s of 'no 5 . fid' Chl Inrt A I.e Os of 'CO 2 . 101'.; Chl -Mil A I'm Sound 4s 1.. .. 73 Chlcnitn Mil A SIP cv His 1.. .. 73 3 .... 731 2.. . -avt a. 73 Chlckxn Mil A SUP fd 4W s 3 . . CSV, a . 08"; 1 . .. 08 Clilcaca Mil A St P cv fts n... . 7014 r. . . 70H .1 . 7IU4 '-hleace Hall ways 5s 1 . . 81i Chl n Iild A Pic 41 1. . . Bit, 3 83 Chl llntk I A Piic fd 4 s 2 .. bit, Chl 1 W Mi 7 ... 7714 1... . 77'4 Chile cep'r Or 24 . . . . Oil nlrn It) '."I I O'l', .1. . 1111 1, 1 nm, 3 . lull, 7. .. nm, 2 , . . IMl'i Chile Cnp'r CSTli 'Ml I.. .. 004 C N Y ll.s'iln 13.... lOOi; Cl'rt Cln Chl A St Ituuls On 1 . . . 102 II.... 101 m Clevel'il Union Ter' fi4s a.... 103U Cel Indus'! Gs 1 . . . . 80 v, 3. .. 80 2 . 81 Cem Pew'r (! 3 4 .. 1. . Crown 1. 01 . HI . 01 C'k (is nv,n Cubin Amer'n Sugar 8s 1.... IOH14 1. .. 107V, 4.... IOT',1 Cubs. C'e Buj fls sta'd 1 enii 2 00 Cuba, n lid 3s 2. .. hOVi Cumb'rt Tel A Tel (is r, n 1 u l)cn A II O fd 40 40 40 Den ti U a 4s 1 . 1.. 78 78 Dery Cerp 71 2. .. 100H Det Udl Ce Os t. .. 101 1.... 101 Doner 7s wl .1 US", D de Nemours Pw'r 7V,s 4. .. 10S 2 ... 10SU 2 lOSti Duci Light Os 1 ... 101V, Duq Let 7i,i 1.... 107i Eastern Cuba Sugar 7 '4s 5. .. 10O Hinplra dun A Fuel 7V4" 3 03 2. ... 0.1 1 O.IU Erie Gent Lien 12.... 102 0.... ll! 7eale) 101T4 Ooedyenr Tire A Itub'r '31 3. 1 nn .4 no' ll(snle) no ',4 1.. T' OO'i il'1 00 (loertyenr Tire A Ilub'r '41 1. .. 110 Ornnby C MI'i H A r 8s 1 H8V4 tlr'il Trunk of Can Os rcti 1.. I.. 1.. 3.. 8.. II. . 1 . ft.. leUi 1111 101 104 101 10 4 'j 10414 101 Or'rt Trunk of C'nnnita 7s 1 2... 8 .. 118 118V 113 Oreat North' n my r.'js 101 101 Great North' n liall'y 7s 1... 112 1124 . "an A W b iavi 01 112 02 H2V4 1214 aft. 73 Vi 73 m a 73 2 73 3 73 '4 4 73 Intbore nupln Trnn Os wl r. 80 a 8n" 80 80 80 3.. a.. 3.. 1 . Intbore nupld Tran 7 wl 18.. 1.. I.. 20,, 4.. .1.. il. 07 Ti OS 08; US OS 118 l.i 08 La A 1... Intbore nnpld Trnn fd ct in. . 13 73 73 Hi 73 73 73W 73 73 t 73 73 U 1. 1. 10 I. Ii H .Kllal) 3 110H 111 Ill's HI 1I1I4 111 111 111 111 nn; r.3 .11 r..n r,t 34 ,M n ; cv A , r.i4 c- l 81 .14 V, SlIK C A O cv 44 si 1 10 . (Ill .11) ICIn Wa M 4s 2 82 'Trie III! 10.. . lp' nn I 10.... I 1. . U'ranelsce I 7V,s wl 1.... 103 Oene'l Klr Os 2.... 103 1.... 100 lOoerlch 11 P I 01,8 rets 102 3 . 101 ?, 1. . 102 r... a... O Hay 1... Hudsen A Man ndj 3a .1. .. 1ft.. . 1.1 ... .. . 3 . . Hudsen A Man fd 1 .... K. Humble Oil ft HefB 0'4s .1 00 1 irjif, 3 . . . 01 Ills Cen 4s '.13 3 84 Ills Steel 4'4s I ... 02 8.. . 02 1 ... 03 Info Met 4s 10.;.. . 1(1 Int M ct 414 s 3.... 1(1 Info Metrep'n ct sf 4'4s atsale) 3(salnl Knale) 1 Inter'l Cement Cerp'n 8r 3.. . 107'4 tnft & Urent N'n ct fis n(sftle) 07 Intr'l A Oreat N'n ai Os wl II. CO.. 21.. 0.. 18 . 1 . I).. 1.. 1.. 24.. C'.IT r,( r,t d r,4 r,4 r4 ciH r.4V4 BIV I .M Marine Us 3 1. . 3 , 1.. 1 1 ! 1)4 03 04 03 1)3 03- 10 20 20 10. in 20. 20. 20 13 in 10 in in in 10 10 tut" I Pap A 3s a . . 00 Int' I IMP h r.s n 88 r, 00 a 80V4 B .... 80V4 Invincible Oil Cerp'n 8s 8.. . 101 Iowa Cent' 1 4s 1... . 44 Knn C Kt 3 A Metnp Ii 1.. Knn I.nke Shere M H'n 4s '28 1 034 4 ()B 10 03 I.nke Shern M S'n 4s '31 10 03 It Vnl'y em 4s 1 8414 I, Vel en 4V4s 10... . ea l At S. Nash Is 0 0.1 8 03 IV 3 s 70 V4 77 I.e A Nnsli St I. VW 3s 2 07 Manna. Copper Cumiry 7s 3.... 113 0.... 110 Manstl Suitar 7Hs 1 08 Market street niy Ut fis 4 . . . , 110 r... .. Oi)ii iMarkrt Street ltall'y Os t 01", Mnrlund Oil ct 7V4s 1. .. U2'4 Marl'd Oil 811 a, .. 104 1.... 101 Marlnnd Oil nnr'il 8s 1 ... 122 3.... 124 Mldale Steel A Ord'c (Is J 08Vi Mln A St I, 4s 1 41 M StP & R Stc Marie OV4s 0 104 8 100V4 M A StL fd 3s 1 .... 4t's Me Ii A T Is ,1 83V4 0 83, Me Knn A Tex Cs wl 1 07 H B U7V4 Mu I'nclde Os n,... 1(12 4..., 102 Moblle A O 4 '- 78', M ft O St I, A Cnrle 4.1 2 0014 Hew Knd'rt Tul Oemp'y Cs 2 POtf, 1 00 New Or Tex A Mexico Bm 7 77 3 77V4 N Y Cent' 1 t 4 D1V4 B. ... 111'., N Y Cf 1 ne 4s 2 en N Y Cent' I .Is 1 no 0 IIOt 2 08 23 lift 14 1 110 1 re 1 .... n 4 . . liOVi N Y Ccnfl Hi 1. 1 10. I'aclfle Gat t niee Cs 1 01 PnclOe Tel 6 Tel Cs 'B2 20 03 Pa It em 4'4i 1 02 Penna It n B a.... 102 I.... 102 Penna n (iHn 2.... Ill', 2.... 111". Penna n II 7f 1.... 110 4.... 10(1 4 1.... 110 I'ere Mnrut B 1 98' Pierce Oil hn 3 US Perll'd Tlv.y A LlKht Cs '42 n 87 t'reduc A It H I.... 100 1.... 10.1 Punta Allenre Sus Ce 7s 1.... 107 Itendlns Ce -In 1... 1,. 100V4 100 0f 3.1 . . 1074 B.. . 10V4 Sinclair Crudn I' Ce CV4s 2 . . no',4 8. ... nn'4 S'n Pac ev 4 3. ... 02Hi Seuth Perte 11 Suear 7 1 . 101t4 Sn Hallway 4i 1 .... 70 10 ... 71 0 .... 71 "4 10 .... 71 H .-. ' . 71 Sn Hellwnv Sa 2 , 00 fn llnll'y (I'M 11.. 103 Stanrt'd Oil of Calif 7H 2 . 100 ' Third Ave 4s Intbore Ilapld Tran fd 3s 7 73 h'.'.'.'.'. 73 1. ... 73 1 73 22 73V4 i. ... 73'4 3 . . 7H 1 73'.s . S2 A S ; 14 Itlv 4s . 84', . 84 V4 . HiV, . 84 '.1 . 84 14 Kekuk ft Ue Moines Bi 2 1)3 iLncka'a Steel I .', of '30 1. .. 03 1 1 .. 03 K C 1.. 0.. 3 . 11).. in.. ., Me Kan adj Ss 34 10 10 30. .., 17.. ., IB BB... , B ' '. '. ', 3 . . . 12 3 3... , Me Knn Os wl B 10 80 804 A Tex wl 01 03 114 04 04 ni'4 ill (14 111 (11 01 111 04 (14 01 A Tex 074 07 100 1011 100 N Yk Unlit II & Pwr Cs 10.... 004 New Y N It A II 34 a 'B4 2 .11 New Y N II A H 4, of '17 1 . .. t',0 New Y N H A It 4s 'S3 1 B7 New TN1U Harf d Os 2 .... 83i 1... . 83 New Yerk Tel Or of '41 2 100 4.... 100 2 ... 100 8 . .. 10(1 10 1011 N Yk W C A Hest 4 Us 1 33 1 . . . m 11 BI4 Nla Falls P Cs 2 101 3.. . lOB 3.. . 10.1 10. 4. 1. 80' 80 80 Hem Arms Us 1 074 11 074 07 nl ,1s 034 034 034 04 03 Teledo Trac tion Ce Os 004 4... Third 2 .. 1.'.. a .. 074 Rie Grande A W'n clt 4s 1 004 StL t Mt A S It A O dlv Is 2 80 '.'.. .. 80 StL A S Prim nl U) a. . . 82 li'Slfnlen llnif A 1 .... 82 St I, A S I' In 10 704 2 70 i 70 10 704 2 .. . 70 10 .. . 70", in 704 I.. .. 70 "StL A M Krnn Ser A 4s It. - 7ri', 1 4 StL A 4 Tran Ser II Cs Nla Leckp't A I ' 00 Out Bs StL A S I'rnn 1 OS; I Ser c Os Nfk Se'n II Bs ' I01' 2 00 1 . 1014 Nfk ft W'n Is'St I, Hew'n en 1.... 1)2 1 ... 784 Norfolk A W'n'st '"' A K C cv cs 3 Line 4 4i I.. . 121 3..- . 8.1 2,1 120 a Air I, fd 4h N A IMl'n Ce ' 4P4 a Paper fls 3.... 100i 2 ... 1004 Union Pac 4 2 ... 01 Union P cv 4s 10 0B4 Unf d Dru 8s 2.. . 1104 V S Heff Mch Cemp'y 8s 1 ... 104 U S Ilenlty A Irnpv't Cs 12... . 084 ....... 08 .1. .. 1)84 U H nub'r Bs 2 .. . 03 1 80 U S Hub 74 s 2.... 107 United States 7.1Vi 1 Pliel Cs NEWS FOR INVESTORS j Os rets 1 nfli.'S Air I, al Me Pacific Is 2... 1 .. 10... 1 . a.. 00 (17 (10 074 07 North Wesfn Hell Tel 7s 2. .. 107 3... 107 11. 107 N PaclOs P. Ii 1. .. 80 N Phc H Cn wl 3 004 N Pacific n Os a. . ie:i " . In0. 17 . . 100 s 100 Nth S Pwr Bs 1 . . . 03 Ore A Cnllf Ci- 2. . . 1011 11 . 1004 10.. . 11)0 Oregon S I, ! a 02 1 93 e-e-w n n a Navl Ce 4s 2 84 2 .... 84 1 84 Otis steel 74 s rets 2 .... 0.1 11 103 .14 1. . 103',. 7.1 Utah Power A I.lcht Ce 1 03 V11-C Chm 1st 1 100 Vn-C Ch ct 7u 1 084 2 084 3 084 3 08 Vn-C Ch 74 s 2 105 Vn-C Chm cv 7 4s war'il 3 074 Va Hwy Ce Be 1 . . 984 Wnrner Susnr in 2S 28 14 28 211 28 1. 10. ScHb'd A 1. r, 0. 0 (19 4 no 4 09 0 . . 119 , 1 . . . r,n 1... . ii'it, 1 . . .711 r. ii'.-, 1 11:1 Sharen Stel Heep bs 1... 100', 1.. my, Wilten Cen- Sinclair C Oil pnny 1st fls Cerp 7s rrt.s 1.... 1014 11 .. 101 ,. ,.. tmriy 74 s 1. 0. 3. llef'B Ss 1 ... 1024 We'll Pac 1st 83 8.14 83 Westlnnhs'e U A Mfe 7" 1... 10S 1 . 107 1 ... 10'! 8.... 10S W A L U 14 a 3 OS Wlckw'n Spnc Steel 7s 1 . . . 99 1. mi'i mi'. a im Sinclair C Oil Cnrp 74 s 5 100 B 100 inn. 100 It. 1ft 100 a 107 1 107 W C Sup A O Div 4s saVi 1 m NEW OFFERING $5,495,000 Wisconsin Public Service Corporation First Lien and Refunding Mortgage 6 Geld Bends, Series "A" PRICE 99K and Interest Yielding about 6.05 e Denominations $1000 $500 $100 e Due October 1, 19,"i2 The Issuance of these bends linn been authorized liy the Ilullreuil Commission of Wlsreiihln. The Company ngrees, nmler the t-oiii!ltleits act forth In the niertmiKi". 1e reimburse the holders of the Series "A" IIuiiiIh, If requested wlllilii cluy diij-M nfter pn j merit, for tile I'ennsTl mnlii mill C'liniiertleiit Per. inniil Property Tax, net ca- edlitB four mills per dollar per iinniiin, and for the Massachusetts Income Tax en the Interest net rxceeU lui: H7r of such Interest per mmum. Interest pnjaliln April 1 and "(toiler 1 without deduc tion for tin. Nermal I'Vclerul InrnniK Tax new nr Uere nftcr lawfully ileiHictlhle at the hour re, net in excess of -"; Uedeeinahle a n nhole or In p.iit nl uny time upon ''ft days' piibllHlicil notlce tit th" follewlni; prices ami Ofcrueil IntcnBt: On or be fore September 30, 1932, nt lOT'i, ; en iind after October 1, lrJ3L', te ami IncludliiR S'litenitier 30, X042, m 105; "ml thereafter at 105 less 4 of 1 during each yew te maturity. Fer detailed information reqarding these bends, attention is directed te a letter of Mr. Clement C. Smith, President of the Company, from ivhich the following is summarized: Upen completion of the acquisition of the properties new in progress, which will he completed at or before the delivery of these bends, the following will describe the company's situatien: The Wisconsin Public Service Corporation is a consolidation of sev eral well-established public utility companies operating within the State of Wisconsin. It also owns all the bends, and ever 99 of the capital stock of the Menominee and Marinette I-ight & Traction Company of Menominee, Michigan, and Marinette, Wisconsin. The Company's busi ness is essentially the supplying of electricity and gas for light, heat and power for domestic and commercial needs, ever 97 of its Consolidated Net Operating Revenue new being derived from these sources. Its field of operation embraces 11 counties in Northeastern Wisconsin, and Menominee County, Michigan. Among the mere important cities served arc Green Bay. O-dikesh, Manitowoc, Sheboygan and Marinette, Wis consin, and Menominee, Michigan. These bends, in the opinion "f counsel, will be secured by a Mortgage covering as a direct lieu all fixed property new owned or hereafter acquired by the Company. This Mortgage will be a first lien en impor tant parts 'of the Company's properties and will be a direct lien, subject te outstanding closed prier liens en the balance. Ae e.LKi irtin1 cfriirirv nil of the niltstnrirlinrr iimirlc mwl n,.t 1ncc ilisn . 1. IllUllllUH,,, .'.. .. . . J - --- ............... .., iw....- llv ,,,,. ,..-. kilt, 11 09rc of the capital stock of the Menominee and Marinette Light & Trac tion Company will be deposited with the Trustee under the First Lien and Refunding Mortgage, as will also $1,308,000 par value of the First Mortgage and Refunding Celd Bends of the Wisconsin Public Service " - : ! -i"7 . I ( , the atler neitig approximately .e et tnc total outstanding ( nmnain underlying bends. The value of the Company's properties, as recently determined by the Railroad CommisMen of Wisconsin and by examining engineers, is largely in excess of the funded debt te be outstanding in the hands of the public upon completion ei tnc present nnancing. Consolidated gross earnings, including ether income, for year ended Tuly 31, 122, were $3,039,710.04 and consolidated net earnings before depreciation were $1,020,586.44. The annual interest requirements en the funded debt te be outstanding in the hands of the public upon com pletion of this financing are $510,450. These llnmls are nffirert for rtelltery when, B nrt If lusueil nnrt accepted hy us n,l snhjei t te sppreTsl i f reiiiisel 'leinperiry binds or Interim reeelpts later exclisnueiible for ilifliltl)c bands will h ruidr for delivery en er ubwit October 18. 1B22. All statements herein lire i.fllil.il or are baked nn Information whlrli w reRirrt as rrllahle sort Mhlle e de uut KiinrnnUu thitii, we eurji'lies hae ullvit upon them In the I'liriiiime i'f nil" n'curlty. Halsey, Stuart & Ce. New Yerk Philadelphia First Wisconsin Company Blodget & Ce. Milwaukee The llnnlc of KntrlmnrH inliilmiini tils tils reiint rate reinnliis uni'liitnged nt '! )cr cent. UnrliiiRten's .Sniitrinber IeikiIiirh were 17!,!H1S runt, or il.l ur eent ever Au gUMl mill 1H per cent ever a year tiRe. The nvcritfte price of the twenty active Iii(lii8trlnl8 nilviint'ptl 1.0.1 per cent yes terdny te JMMKl (Hid the twenty railroads advanced 0.1 1 per cent te H2.1t". Stene Ac Webster are effcrinc 51, LWI.OOO VlrRlniit Hallway and Power (Vniipiiiiy Ilrt niertsa(?e Flnkiiij? fund ii per cent (,'old bends at IM untl Interest, le yield nbeitt f per cenjt. Di-claiatleii of a 1 per cent extra div idend by Pern Mnnpiette en the ." per cent preferred stock Is made en nccniiiit of the arrears of the ctiniulatlvc divi dends en tsnld preferred stock. Tbli reduces the amount of siicb ancers te 'J tier cent, The Southern California KiIIheii Cempnny has the Inreeit number of fterlclinlders en the books of any Klcc trle Company in the country. The te tal is bIvcii ns 4S.0LM, helillntc -l.'i7.7l .shares, or an averaKc of less limn 10 sliercM each. The !l.1.L!!l cars reported ,vetnrdny os having been leaded en the rallway.i In tne week ending September 2.1 repre sented the largest felnl sin's- the Inst week of October, lll'-'O. It lias been exceeded enlv In rlRht weektj of 1020 and in four of 1010. I.lmR'iy l.iiflit stockholders have au thorized the issuance of 200.000 7 per cent cumulative preferred stock, pro ceeds te be used for the purchase of the Werk Mantle Cenipati. The plant will be moved te YeiiiiKHtnwn, O., and capacity increased nbeut 2."0 per cent. Hratliitreet's reports MOO commercial failures In the Cultcd States during September, with total liabilities of $.11. 020, 441(1, compared with 107." setbacks In AtiRiist with Indebtedness of Slttl, ,SS0,07i and I01S failures In Septem ber. 1021. with liabilities of $0,010,- 2-ir,. The Western P.iclfic Itnllrend applied te the Interstate Cemincrie Conimi't Cenimi't Conimi't slen for permission te Issue Sfi.riOO.OOO in 0 per cent lirsl niertxnce bends te mature In 101(1. The cempnny expects ti sell the bends at 01, the application said, and desires te purchase with the recelptH 2000 refrigerator ears find 1000 automobile cars. S. S. Krcsfie Company will redeem all its outstanding 7 per cent serial cold notes, erlclnnlly nmntintiiiR te S.10,000,000, nn January 1, 102.1. These notes were Issued in .Ittlj, 1P20, nnd were redeemable R.'OO.OOO each .Inn unry 1 up le 1021 and S7."0.(M)0 each January 1 of 102," and l!)2(!. The notes are pii)iible at 102 and interest. Slieiinaril A: Ce. are nfferiiiir for sub scription at $5 a share 2,"0,000 shares of stock of u par value et !$."i of the Continental Mines. Ltd., of Ontario, Canada. This is part of nn authorized issue of 700.000 shan't. The company bus no prefcired stock and no funded debt. It holds twenty-seven claim", comprising an area three miles in length, averaging three-fifths of a mile In width, at Kirkland. Ontario. With the completion of the present financing there will be in tile trcasui of the Conti nental Mine.,. Ltd.. S1.C00.O00. and there also will be unissued and availabb for corporate purposes SO.0O0 shares of stock. TheDailyNeVelette Putty and Peppermint Candy AN OI'BN n.MtDXNKI.I.KS A rr!lH Is Imminent In the" Near I,i' 12 vents me traiidiilrlns- .mh stiirtllm; plrtltv. Stieilnl I'i iii.n- bill' . ti ciirirsKinient nre K.itherlns- f.u Is nt all tne feiilgn ip tain, as M'II nn et the h n.- of thteit. ii, cctlen. for the 1 orettn Nes TaKe of th Pent i'- I.Kt'Oiai. "Mtk. it .t Habit." I,; By MAIITIIA McCIJLLOCII "Fs Y0W fccl in J0"r nt ilt's going te rnln:" Anne tisked (llspnssleliately. "Wbv ask me that," from young t ....tun licrimrii in rmi ii -,- . . "Oh! Hecnitse I've noticed colts nnil calves and chickens and pigs net up as veii've been doing this lust hour whenever there's a storm coming, Anne Hung back. The youngster he wan little mere than a boy get very red. J; K "llenllv! I hadn't noticed it myself. "Luckv for you." from Anne imper turably. "You're the sole placid opet "I den t in tne least, uiiuitbiiuki, IHeniaril broke in. 1 Anne chuckled. "Of course you den t. ' You're the same as a cyclone I'm sure lone of them never realizes what it bus ,been doing when it blows itself out ! nnd decides te be geed." Hut whnt have I done.' ' P.ernnrd I demanded nggrlevedly. Anne began te check off, her finger 'waving up nnil dewn: "Let em see. First you must dance te your own llddllng and break my O btring. , "Yetl shall have another," from Her- 'lierd. , ... She nodded. "Ot course but I might ,nced it before it comes unless you start for it straightaway." I "Se the game is te get rid of ill" ! some way, any way." Iternttril tlunc nt her hotly. ! She went en as though he bad net speken: "Then you teased I'luff into scratching net you righteously, but me, the inecent bjstninlcr. upset the lnk- JHtnnd upon my brand-tieu table cover and said bad words many bad words, I simpiv bccaiiM! the curate came te ,.alll " j "I'll say many mere if ever again ! you try te cram that beast down my i threat telling him I sung se well be must nsk me te join the choir!" from , Bernard, new at white heat. licrnnni snatcneu .Mine uprigni ey the shoulders, looked deep into the dancing ejes nnd hi"ied : "Yeu had bet ter step. I tell you I won't have this! I can stand n rival provided he's a man. Hut net something mude of putty and peppermint candy with a sauce of pi-alm-singing. Yeu leave him out of our nffnirs--iinleRs jeu want me te murder him." "What's this? What's all this? Prae tire for grand opera V" Majer Itnrnes, Anne's uncle, call"' I from the deer, where be steed in ruling clothes. Anne neddrd ncnr, but said shak ing her head: "I don't quite place the things whether its tne mad scene from 'Lucia' or 'Madame lliitteillj .' or 'Sa 'Sa eome' Constant, jeu knew, has them till nt her fingertips." "Ob. I see," the major began, smil ing wickedly. A long keen blast from a stentorian whistle made him start and turn pale, as it wa- instantly repeated, thus signaling dadly danger at the mine lie bad left In full suing half an hour before. Anne under-teod se did ISernard. Meth rushed with the major te the west perch wlicinv they bad a vista of the collier two miles away. Through the .-rbiss they si hurrying figures then ever the pin, ne came a call : "Cave in at Number 7 drift men behind it --don't knew wi hew many." But by the tune the watchers reached the pit-mouth a check-up had told the I tale. Nine geed fellow, stout nnil I hearty, family men met of them, with 'behind the deadly barrier. It could be dug nnil blasted tiireugii, nut net in time te stive them the fall had broken cetiiiectliins of the nlr fun that rendered the workings in that gallery safe. The major, his face set fis fer1 battle, was Issuing orders te long-distance tele phone men, calling help from every city within range, ordering It regardless of expense. "Loek hew a man faces things!" Bernard ndmenished Anne she was white and stony with anguish all these mine folk were close te her heart. It was through them the curate had wen his place ill her tegard he wan se naively of them, hentt and soul, en entering Inte their joys, their sorrows, hopes, aspirations and bewilderments. Te some among them he was n feel for his pain; te ethers a playmate: te still ethers, a harmless Merry Andrew, but te the most part a comrade, heaven-sent te show them the better ways rather than te tell of fhein. Ilim, tee, the whistle had called im perntivel but he hrul been hindered, apparent l the major wns almost through ids relief-ordering before lie appeared en the scene, "What is needed worst?'' he asked, his voice shaking. "Air which means life," the major answered through set teeth he dared net uncliuch. Curnfe Lee dropped his ecs, medita tively for n moment, then darted awaj without n further word. A few cursed his cewaidlce mere wondered at bis tlighl. Bernard whispered te Anne: "All ellew, veu see." But she did net hear iiim, apparently she gnte him no answer. She was thinking bard. Curate Loe knew the outer face of the workings as did no one eNe. Me loved outdoors with n passion and the coal ceuntn was a magic land te his low land soul. He had spent all Ins Miint leisure ranging it wind might be net have found? She asked hrrs-if the qiii'i qiii'i lieu ever and ever as sn wept among the women crouching here and there with children at the breast or clinging tight te their skirts. She seuthed them but te these bereft she dared net even brent he n shadowy hope, only pressed their hands and stroked the beads of tfndr childrn what time she could spare from making them comfort able in the shade. It was high neon, blazing het, but somehow she did net feel it. It was left te Bernard te sup ply fan", ice water, milk and fruit, lie bad forgotten himself and his enmities, letting his line realities come te the sur face. Anne was dimly coiism'eiis of the change, but it seemeil futile and trivial. Here in the lace et d-nth air, clean, fresh and sweet, wns dl that mattered. There was a constant rear of arriv :'s trains, meters, tippnintus from the tie'iresr collieries, all iii.intied with the pick of their piofessioiis and every man eager only te succor the deemed' pris pris eners. If was a time for doing, net heping: they went at it with a will in n mnssd array . The major wanted te lead them these were bis own men he must take the greatest risks. They would net let bun. these eager volun velun tiers. He bad brought back from the big war less than half bis man strength, lie should net gne it uselessl. It was elenriv a forlorn hope, with heavy odds against winning. Blasting would ri.ike an end of the barrier el might bring down se much tt great' r fall ;i tu crush all within range. If a craw Iw ay could be cleared at the top of the massed earth and rock air co ibl lie sent in through n he-i' ma, be even feed and water then ies. cue would be certain if laggard. Se tl.ey set about making it these men of might nntl muscle. By 1MM ternoeir'they had Ret in Nen feet-3! theee were nliuve n hundred lO IM Alneenvee'. I In. reef wim Dene tee el -sherlnir It meant still Hlewer nregrei The major, w niching with strnlning ry the .stmll-llkc progress, prayed silently he was past speech. And suddenly, therc smote upon his ears n wild hubbtkb.ei I yells, or cheers- the maddest ever heard. He turned te face Bernard, who leaped from the defending cage err ing: "Majer, major! Come up. They re tall safe all out every man. They evervhed wants te see you," , "Why it was nothing less than nothing, indeed," Curate Lee explain ed, somewhat haltingly ami reddenini at what ever bed) was saying. "Yen I see, I had a notion the cave in North , Hellew ran almost te the initie 1 had meant a long time te litnl out se it came te me this was u geed time for lit." 1 But he wns dripping from n plunge j in a subterranean peel, his clothes in rags, his hands bleeding from clinging le jagged rocks. i Alse, the men who had followed him i the perilous way te s-ifety had much i te eay. Hearing it Bernard said dejectell te Anne: "Of course it is all up with n e new. 'J'e which she retertedS , "CJoesey. yeu'te ridiculous. Yeu neeiL. in caretaker. Hand Lee docs net and ' never, never will besides, he 1ms a girl back home.' i DISGUSTED CRUS0ES Ex-Servlce Men Complain of Exp3 rlence as Homesteaders In Mentana In an article eniitled "Fust nud Loese with the Homesteader" in Warn ler's Magazine. Arthur Buhl reports the fellow Inrf f'YIierii.lice tf ( iiwi m..iti,i,tflni 'men who had taken up homesteads In nerthwc t Mentana : J "Thcv were falrlv t.iplcal of thei little army of e--service men who had come out the year before te take lip1 homesteads en tb" Shet hone ami Vertll Platte projects iiitn wne, ns often as net, knew- little or nelhlng about farm-, ing. nnd in me with the vague notion, i I ........ ..r.l. .... , l.n ........ 1 ... .. I' .. 4' iiiii.siitu, ii in ui- mjm'iihiks were resirici-jifc cd te ex-service men, that a grateful J govern!. icnt was giving them something.'! And se it was the exclusive right tef be Hoblnseii Crusees en land much J less hospitable than Crusoe's island, and L without any well-stocked "hip cenve- k nientl beached in the offing and tilled g with biscuits and nails. t "They had te pn. for this land, nntlj pay for clearing and le cling ami plow inir it: nnv for the lumber f ,,i-' 1 1,..(t- sIlMfl.'u n,l,l fli,.ir 1 ,.,, ,,,..) 11.... . ?f .". .... . i, ,,,, ,,,,,i ii,iiji mm Tinils: nnv for theie Imcsi-w n,,,l rd,,,.... and seed; and pav for the water with which, liner inree or lour jear s grub bing and waiting, they might hope te get a dcent crop. " 'And new .' I said te one of the ex- service men after we bad gene ever the' cesr ei getting started, 'hew much de ou suppose jeu made Inst M'.ar?' It was their first. 'Well.' he replied. 'I made about i sixty dollars out of my wheat, fertv .tour dollars from my potatoes, and ten ll l....,...,...l .I..1I .. .1. .. e . . ..I) iii',umei ,i',iiiin worm ei experience; 'Tl i v call this an investment,' put i'i the ether. "I'd hac made six times a- much working ler wages. I'll sny il 's a damn line thine for the iMwm. nt te have u come out here and dear off the land for Vni and get it runiy ler s,ne squarc-head te make mene) out of ten .ears from new! We'll be lucky if we can keep going Ien1!' eueiiKii i" uperaie nneuicr year. In vestment? Ha !' " $7,500,000 American Gas and Electric Company Six Per Cent. Geld Debenture Bends Dated May 1, 1914 (American Series) Interest payable May I and November 1 in New Yerk Due May 1, 2014 This Series is redeemable as a whole but net in part en any interest date at 110 and accrued interest upon 30 days' notice. Coupon Dend3 in denominations of $1,000, $500 and S100 recisterable uste pnrcipal only, and interchangeable. Fully registered bends of $1,000 nnd $5,000. Coupon Bends of the denomination of $1,000 and fully resist ercd bends, interchangeable. The Company will refund en timely application, the State Tar. in Pennsylvania te the extent of the present rate of four mills. TRUSTEE GUARANTY TRUST COMPANY OK NEW YORK Frem a letter of Mr. R. E. Breed, President of the Company, we summarize as follews: Business and Territery: Purpose of Issue: Previsions of Issue: Earnings: Equity: Contrel: American Gas and Electric Company controls a diversified group of electric power and light companies operating in eight states and serving a population in excess of 1,200,000. The communities served include Scranton, Pa., Wheeling. W. Va., Canten, Ohie, Rockferd, 111.. Seuth Bend, Ind., St. Jeseph, Mich., Atlantic City, N. J., and ether important cities. The proceeds from the sale of the $7,500,000 Geld Debenture Bends new offered will be used te reimburse the Company for the cost of properties recently ac quired, and for ether corporate purposes. Ne additional Debenture Bends may be issued unless the net income of American Gas and Electric Company, as defined in the Agreement, applicable te payment of interest en the Debenture Bends is at least three times annual interest en all outstanding Debenture Bends, together with these te be issued. Consolidated earnings' for the year ended August 31, 1922, applicable te interest charges of American Gas and Electric Company were 33.itimea the annual interest requirements en the total Funded Debt of the Company which will be outstand ing upon completion of this financing, including these Geld Debenture Bends. These Geld Debenture Bends are followed by Preferred and Common Stocks, which have a present market value aggregating mere than SJO.OOO.O'jO. Divid:nds at the rate of 6 per annum have been paid en the Preferred Stock since the incorporation of the Company in 1906. Cash dividends have been paid en the Common Stock since 1910 and nt the rate of Q per annum from January 1916. In addition, 59!e in stock dividends has been paid en the Common Stock since 1914. The American Gas and Electric Company is controlled by interests closely identi fied with the General Electric Company. Electric Bend and Share Company acta as fiscal agent for American Gas and Electric Company. All legal matters in connection with the issue of these Geld Debenture Bends will be passed upai by Messrs. Simpsen Tharhr.r & Bartlett, of New Yerk, for the Company, and Mers. Winthrop & Stimson, of New Yerk, for the Banket s. ' The above Geld Debenture Bends nre offered when, ns nnd if issued nnd received by us and subject te the approval of proceedings by counsel, at Price 100 and accrued interest, te yield 6.00 1 mm ill mm j Bonbright & Company Electric Bend and Share Company 1 111 The information JZn this advertisement has been obtained from reurces which v.e consider relijble Cilftf fl NeW Yerk Philadelphia I Pwmle net guaranteed, it is accepted by ui aj accurate. , , jHHH Br ! Il iM W ) ?m fcr , . , J I ,.q KlUitilns, 'iJUH
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