Newspaper Page Text
A HE large number of inquiries received from anxious holden o( WCQ1?1 it"*- indicate?*? the need for frequent inspection of their holdings in t_MM days of shift i ni*; values. W'e offer our services as Invest ment Brokers to all who mav require ?such assistance. Inquiry Department GOODBODY & CO. E-Uablisliccl 1886 IX5 BROADWAY ? NEW YORK MrmlxrM New York Stock Exchange Telephone Rector 8120 .Securitv High Yield Closed 7% First Mortgage Bonds (due 1942) Consolidated Machine Tool Corporation of America Comprises six of the oldest and most successful manu? facturers of heavy machine tools in America, with products well and favorably known thioughout the world. 1 Net IaiiRihle Assets of $2.** - I ?>* $1,000 bond. i arniriRt available for bond interest for ?-,K April .10. 1922, averaged over tunes hlterett requirements on tins .*. 1 BfTCflt AtMtl are si? times Current Liabilities. 4. V.i-... nt is Mr. C K. J.assiter, for? merly Vice-Preiidenl of American I.o.ofnotive ' panv. Chairman of Hoard. Mr. W. H. Marshall, for? * of American Locomotive Company, TRICK: 99 and interest, to yield 7.10% :>:>! 'urthrr information upon request. Lawrence Chamberlain & Co., Inc. One Hundred Fifteen Broadway New York City The Texas Company To The Holder* of The Texan Company Three Year Seven Per Cent. Sinking Fund Gold Note*: The Texas Company hereby gives notice that pursuant to the pro visions of the trust agreement dated March 1. 1920, under which its Three Year Sevn Per Cent. Sinking Fund Gold Note? were issued, it has elected to exercise its right to call and redeem, on Augii't 1, 1922, all of Mid outstanding notes; paying therefor at the Trust De .?nt of the Chase National Bank of the City of New York, ! tee under sai'l trust agreement, t,t No. 57 Broadway, New York City, mi A'iRust 1, 1922, 101 per cent, of the face amount of the said notes so Called and accrued interest to the date of redemption, t< August 1, 1922. Interest on the said notes ?hall cease on such re 4lemption date. The Texas Company gives further notice that it will redeem any or all of ?aid note? which may be presented for ?uch earlier redemption at any time prior to August 1, 1922; pay' ing therefor at the said Trust Department of the ?aid Trustee 101 per cent, of the face amount thereof with accrued interest to date of payment. THE TEXAS COMPANY By W.W.Bruce, Treasurer Jam 15,1922. ? Weeks Stock Transactions n,,?> 43 M 24*, I*. 78', 71 46', ??_ 41 "2 71 M M ?e?, 39' ? 90'. ?4>? M ? 1 a ?2'4 M ?'', 1.9 , 63 ? 38*?, 10-?? 69', 109 115 ? 29 , 19 ?2*. t? 69', 21 42 41 7?S 95?? 14', 61 44' 114' 67 63 15"" 3V 62 32*1 60 ?H 24*. IM 10 14', 811? .o- . 23' i 48', nu, Julr 21 Hu . I Apr 26 Jun. 6 Ma? 29 Jun? 3 Julr 13 Map 2i Jan 3 Apr 19 Jun. t Apr 25 Apr ?5 Jaa 3 ' Jun* 6 Julr 20 i Jan* 8 , Apr 25 \ Jun. 22 Jun* 3 i Jun* 2 Apr 22 Jun. 2 Jal- 19 Apr 24 i Jun. 9 l Jan 3 Apr 25 Jul? II Ju!? *9 Mar ?7 Jan* 30 Ma? Mar 29 Jana 2 M? Apr 15 Mar H Jan 20 Jaa? 2 M.. Jan* 2 Jan*21 Apr 24 Julr "2 Jan* 3 Jun* 2 Mar 4 Mar 5 Apr 22 Mar 22 Mar 26 Mar ?1 Apr 3 Jaa? 2 Apr '5 Mar 7 Julr "9 J..r 23 Jan i Ma. 3 Ju.?. ? BihBMi fr?im Pnf* Thlii*?eni low Dir. N,t 1922. Dal? In f. Hal?? Hi,h. low. rio.? rh,? 33'. Jan 3 2 r?nn?rl? ania RR 17600 45 43 44*,? ', 1'rnn Srahoard St*?l 49600 9 r*oplr'i? (?aa 4 I ok. 8900 87 6?, 69*4 1C?4 19 63 aW? 78 88', 28 ? 9 ? 22 ? 7 39 39', 68', 90 . 86 23 76 1? ? 66 , 1C5', 63 * a M 106'. 3C*?4 26>? 94 ? 1 94 108'4 19"?, 13'. 7". 43 -*3". I M M ?if. ,"4 4 44 4 1 Krb ?7 ? Jan 4 5 Jan 7 ? Jan 10 ? Jan 20 5 Jan 6 5 Jan 3 3 Julr 22 ? Mar 17 1 Im ' r July 22 ? J??lr 22 f.h 23 ? Mar 2 ? Julr 14 ? Jan 7 5 Apr 7 6 M,r 13 7 I >b 1 ? Jan 9 6 I'mria A Ka?t?rn I'.r* Marqu.tt? do prior pf da pf I'hllad.lphia (0 fhilllpa Jonas... do pf Hiilllp? I'.trolrum ri.it. Arrow 600 23', . 12400 300 400 1300 1O0 100 416000 46'2 . 27500 19 34'? 77 6"i 38*, 81 90'? Jo pf 1C0O0 I'l.rr. (I.I 4a pt. I'i,(l? ?i, Htoraa I'ltuhur.h ( oal da pf Pituburgh HI..I pf 1'itt? _ VS.,t Va ?i* pf Jan 25 '? , Tand ? rast t ?al Apr 19 5 l'Mlu? (rr.al da pf l*r??r.d St.rl ( ar Trodurm, 4. K?f, 7'? 84', 22 32 76', 67 37', 78 90'? 43V4 ?'? 22', 7'. 44 40', 63 96 96*? 38 a 8'a- *, " 22 ? 1 4 33''4- '? 77 ? S n<t? ?, 38 - 7? ? 6 90',- 1\ 43',- 1 , ?' ,- ?S 22'4?141? 7',- 4 45?2 40', m ? y* 96,- ?, 66'4 ? 1*. 38"1, ? Apr 19 8 K*b 17 ? Jan 10 ? Jan 6 6 Jan 6 8 Jan 3 ? Julj 2' 2 Julr 20 8 Apr 6 4 Jan 10 8 Jan 23 7 Jan 24 3 41 Rand Minn 37'4 ?3090 84 300 45 500 41', 4900 66' , 400 96' , 100 96*4 4900 39', 300 B8-4 88*?, 88V-. 2300 22 20*4 1300 79 77 77 - 2200 106 4 1C7?, 108'4 . '4 2400 82? 79 80-1 23900 39>? 37 37'?? 1', Tab B.r? (or of N J 11?00 91', 86 89 -3'. rullman ? .. 7900 124 120', 121 ? 1*, Tunta Al?,r. Su,ar 7300 50'? 47', 48 _ Par. Oil 28600 30 26"?? 27',? V , 700 98 ? 94 94 ? 4 " 20 69", 69 61 - 49C0 IM 104 106 ? 2', 700 112', 112', 112', - 2 ? ?00 29? 28-?, 29'?- H, 4900 do pf Rr ?Ss-earltka R? Ht..l Hprin, da pf *r?b 27 ? R,r Han lopp.r Jan 3 4 K?aJir , .100 Mar 27 2 do 1.1 pf Mar '3 2 do 2d pf Jaa 16 ? R.ia 4 (a Jan 6 ? Rrar.in.tan i?p,-r Jan 3 ? R.plo,!. st..l tta 28 ? R.pub Iron 4 Steal K.b 24 ? da pf Mar 2 ? R.pub Malar Tra.li Julr 14 ? Rrrnold? Bprin?. Mar 27 3 K.rnolda Tol II Apr 11 7 do B pf 16', 75 , 62', 33', 17* 36', 35 76', ?3', 47 ? Jan 30 5-*?*0R-.al I>uH t 1 4 ? 1 ? 4 ? l.h Jar. Jan Ir Jan 32H J-a 'O ? ? , I.* 24 ? 11 , Jan 4 - ' a t??b 23 ? !.?. 3 ? Jan 11 ? F*b 1 ? Jaa S 7 r.S 20 ? 12s, 2C, 36 20 , 2"-, 69*, ? 1 13', 3SS '?H Rutland It K pf . Ht Joirpti I .ad St l.vu.t, 4 Han Kran d? pf Si Uaakt s?u??*tn da pf Sania ( ?olla S?,ar h*?i,? Arrni Haion Motora K.abo.rd Air Lia*,. do pf Seart, Ro.burk da Pf f*rn?4-a Copper Jan 30 .83', Sh.ll 1 r A Tr Jan 9 i 8?i4?lo.? Conaal 1300 1500 100 1300 12300 49900 500 4200 1200 44', 6000 46', 100 114 2-.C00 57 100 47 1200 15' , 6400 29', 200 50 3400 29 1600 47', 4800 5 300 14' , 22O0 3*4 1400 7', ?00 12?, ?TV',-" fc*'. 16', 74 51 62 17%, 35*?, nv. 71 92 , ?s 16S 74', 12 ,_ .4 17%- ', 33',. ', 22 4 ? 2 10', 43?? 43H- * 4t 4t - 114 53 , 47 - 2 15 - 27',- ', 50 - 2?'?- 1 * 4?' t? ' , M , . 3*?- , *2 4 , IH? Kvtt ?Wfc l*a a ? fea?aara f acUi 114 -2 . 47 14'? 27?? 49', 28', 45 3', 14 3 , 7' , *2 78 1C0 104'4 104', IM 4 1?D0 13 12' j ?300 401, 3?'', 40 ? V, 41.400 12 31 Hffr-** S I1-J00 MI. HH H r H . Investment Information Quntt.n? ?f B'nml int?tf?t fe (*? rtlt.rf srill b? astlwrrrd tn f/Xif f*|? V"l" ??! I? kirh rnie ,,r'.y im'taff telll b* Stirti. Otht i | ft.'l. Atidrri* i.il in*j:, . 1*0 ? ?tamped, adtimied tnrtUpt, t? ktn.stri.l Weiter, Th* Tribun?, 111 \a???ii .Sfr??*, Ncy ?tori (if-g I .ireirfii 11..ml? ? ?O.I <? * I \ Arnwrr ? r|p?l ?n a government lo?n win. , cally ppcured t>y ?l?it?r? or taxr? ii v a matter of ir on ti? the Ittnlni . Sim -.. 11 ?re both ? pecitiriillv ?peur itablllt? <>f the Bratilian : - Serway *?? are an tion artil ?)?*?< rvr n mv*\ ' than cither of th? '(rth?*t ? iiftl. Nerd- ,.f. I? what ? .,* ..... I * ( ? 7?. 1?J? am ? wldoe in . iper ?ni ut Thif.i ??nt reare?e in *? r it? . An? over your *>nfJj? you lint, which ai reason;?* Th* lalai of the Ulli '?< an accept ?h?rt term ?crip f?,r the nr-tta committ??e ha? ' - I f<*r the holder?. IfttVN aa to which . .iml Transport ' ompaoy mak siderabl?* \. ?ctts 0 undenirab!? latfett ? I Ho* Vu Bond Crcat?oiM Find :i Mark?! Q*,* I "" ?h thrrr ? I'tinn 17; rnthtr ? new l .?? | (rf '? || not unii?nin. ?liirin? *.f an IMM. In fart, -.*.?? initial pricp i* naturally *.f an ad\i? To under?' ? ? ? I han I? i'ig lu* ' I are ? I ? ? i ? - it hft? n rharr?* I ? Water in Milk < ??inp?.ii> ? .ipitali/ation : inhat ition? -harf? ? ? Hat? Jan 2rj Apr 18 Arr 21 Mar 2 July 20 Jun? 5 Jane 10 \pr M Apr 3 June 6 Julr 7 Julr 18 June 21 June 20 Mar 7 Apr 7 Mar ?? June 2 Mar 19 M?r 4 Jun? 5 Apr 21 Mar 18 June 3 Jun* 2 Ma* 4 Julr 14 Julr 19 Jun* 9 Julr 19 June 24 Mar 22 Apr 4 Jane 10 Jan 6 June 3 Julr 7 Apr 21 Mar 19 ?aj ;? Mar 13 Julr M Julr 21 Apr 7 Apr 11 Apr 21 Mar 29 Julr 20 Mar 15 Mar 18 Julr 14 Jan 3 Mar 29 Julr 22 May 27 Mar 26 May 5 Jul, II Ma? 2"! Jun* 5 July 7 Mar 27 May 29 May 4 Ma? 'H June 7 Mar 13 Apr M Jin 13 May 5 May 26 Apr 17 May 26 Apr 24 Jane 13 June 6 June 6 Apr 28 Apr 24 July 20 I ?h tl Apr 28 M,y 1 June 7 June 7 Jan* 7 Jun* 2 May 4 Apr 11 May 12 May 29 July 18 May 8 Ma? *i Hat 2* June 2 May 4 Mar 9 Mar 17 l*w MV? 43 82 17 84 8" 4 <5', 33'a 7S'. 100 . 26 3 1 ?'4 42 38', 24 315 14 109*4 66 79 88 22 ? 14 7', It-H ??5 17 ? 125 71 ? 96 102 25 60', 41', 7', 4 16', 50 t , 2?4 37 89 , 55-, 99 ?2--4 82 114'4 107', ?'. 30'? 9C 63*4 43 6', 6 19', 10?, 8 4 13 n% S9 80 4*) . C5 6 12'4 25 rv_ 1 a 13 ?', 24 27', 23 in 43', 13 6?*? I Date. Var 2 Jan 20 Jin 9 Jan 9 Jin 11 Jrn 10 J.-n Jin Mar Jin Jan Jin Jan 5 Var 2* Jan I J in? ri Jin 2 Mir 27 Jin 4 Jan* 16 Jin 2/ Jin 9 Jit? I Mir 17 July 21 Julr 13 Mir 2 July 14 Jin 27 Mir 3 Mir 2-. Jin 11 Jin 7 I ?I, f Jin 3 Mar 2 Jan 4 Jan 6 Jin 2 Mar H Julr 14 Jin 10 Jan 9 Mir 26 Jin 4 Apr 4 Jan 10 Jin J I eh I.I. II Jan ? Jan 3 Julr "3 Jan 5 Jan 13 J,n 10 Mar 13 Jat. "?". July 21 Mar *1 Jan 6 Jan"*30 Jan 27 Jan 31 Jan 10 J,n*26 Jin 30 Jan 17 Jin 30 Feb 1 Mir '?(. Jin 5 Jan 6 I ?h 2 Jin 13 May 13 Jaa 6 Jan 30 Mar " Mir 13 Feb 17 Feb 17 Jan 10 Jaa 9 Jan 6 Jan 4 Mar 31 Jin "". Jaa 26 in ?. _ Sal ? ___________?? ? 100 I ? da pf 1300 do pf 200 Mir. 1M3 ^^^^ 100 1700 19C0 700 93:o 2351 2000 do pf "1 IUa_ ! N J ? ?? V. arn?r '.. r, t arb .?kfr do if ..r II.I ? - -.] lemfr 1 .'. I r \ ' hem 26600 T??a? (.ulf Sulphur. 3100 T??ar I da Land Tru.t Tex I'ac < o?l 4 Oil Third *\** R"iy Tidewater ON v do pf da ri.ht? Toi. P.t I. 4 Waal n ntmrntil l> I Tranvu? ?',. |t-?l 3;*) ?4 ll?p Tran, 800 llar 4 Papar 1100 Inlon Oil farifir do pf Inlon Tank ! I nit..: 42C0 i:t-K) 6C0 303 102C0 ?U'O 34C0 100 6100 1100 100 250 4200 I nited Druf 470-9 da lit pf NO Irtraat 1000 do pf 1 nlted R.'ail .-?i-re? 223X ,-ht. 37803 - 4 Fdy do ft ipre.r, 1 8 Food ttai ll-.IT Marhlne hart Alcohol da pf ?altr 4 Impel 6303 100 6900 1700 19400 300 3X0 H Rubier 7100 7 8 I 7 7 ? 4* ni pf 1* S Smelt A l* S Steel da pf do pf I ipp.T I iah hrrur ? Vanadium ' I - V,n Itaalte 1.1 pf \ a < ar ( henicl da pf Va If, (oil 4 tab. "I ieaudou, Inc 300 200 8-.900 2500 100 34C0 1200 7C0 4300 .;.,> 3CO0 ' I do if I . . pf .< Marrlind . da 2d pf W e-lc rn I'?c fit do pf ... I man Tel V. ert'hoii'.e Air Hr do lit pf Wheel 4 Ufc do pf . ??: - ? hite Moter? .I d? rtjM. v? irk?..-? ; i 0 . _ / d* pf t o Ural Wool? or; h h., pf s do pf ? Wiifht X.i* n:. 100 200 1*e00 200 700 300 1700 1400 300 300 300 23C0 900 ?j . 2:0 ?KO r> 52 94 13'1 88 4 8*i i 116 8 7 33 392 26", 124>4 81 4 105 83', 39 5? 62 , 1431, 98 107 4-"-? 82 146 4 13 67', 1', 33H 67 7 ?'. 24 62'4 ?4',, 70 63', 30 65 l 61 11', 12'. 32S 22'4 12 19', 91 72 4?>4 ? ? 41 21 167 65 94 74*. 4 a 49 ^1 73 3?2 66 4 5' ^^^^ ? 1 51 50?1 ?3 94 181, 13 83' 4 - 1 ? 89'; 179'4 IM ? 49, 53 '3', 44", , 132't? 4', 116 116 - ? ? - 1 ? 43 , 4,'?,- **, 29 -9 ? 1 21 1 n\ 20*4 21 120 54 ___________ 79?i 80H '? '33 221, 23',? ', ' 1'-', 14',? 2', 39 39 62'', M i 62 62?1 20 20 141 75 - ?4 98 98 107 107 ? 1 107 107 - 39 78 79 142", 144 - 2 M 28' , 28 , 64?3 ? 67 ?7 - 7 7 - ', 7 4 23 51 er ? 921, 94', 61 ?1?1 106', 106 ;? ' , 41 41 - ??ti ?Wi i*o*_ , 28', 28 a_^H _-', -, ,? 1 , 50 61 - 3 12 4 ; ? . 31 4 - H 109' , 101 19 19' 1? 1^^^^ 50 __?___? M 102?, 72 72 - 2*'r- H 48 4 46' , ? 84 ?? '? ?'??? r. 44 44',? 4 4- S 161', 166 94 ?4 - ?, ?*, ? a 157?, ?, ? terminated and th? market withdrawn. I !.. ? ??nt ther? ?he market, an<l I ? ? fair? then? > from an oblignt irrv lonc?*r. Of the ofTerin? )? that have not been * Instance. Th?- r Il ??? intll the -il.sorp; * finally arc This t\ pical experience m* opply in ? r??ona dine are of no great- ? the fart that th? market was called bonds ' not it is true i, nu,, that .lian flnor.fini: was on st r-ot rate th? ? ? * ? : ? ? irard the .. . ? mi ? ifflr.* rant your disposing of th* . ireunistanrrs justify an invrst ' that char? u-mplatei ln??Ue Switch ? - - ?.il ir In? 1 ? ver Y ?ni ar* on th* foolish ?witch. ??Id slightly more than i are con?. Air Line *tock iaiu? under discussion that make difference. You cou: . and consolidated mortgage ?ie Senbos at a ).'. per n ':ix feature, ? . I neon a return I bond? at represent? I thousands of astute m ? r??i?ed ? market place, of the relat. ... Until you I d t.? discrim?nate we suggest that you hoi.1 your Liberty bin?!?., particularly ?ince iy that "safety it and Fo% your future ?. ? L'ht place ^?turning a higher r.r American Telephone and rnph stock it one of the best ?hare?, but it is hardly suitable ?r only medium of investment, ight conilder it later after ?tart rur investment structure with :.<!? and adding of th?* hivrh grade ; such as NV American Car ai - Faciflc. ;ilah!e Hut One ? i i'he bond? lUggesUd are ble, in our opinion, with the ex on of the St Louit-Ban Franciico ? it. which we tank a? a -?a man's investment. In. place ? security we suggest | cago Union Station ?>-js, 19?_. ar.r i?? Electric and Manufac? turing ?s, 1911. She? Not Afraid to Speculate I ?in "get II: * lit t : ? .< * I? ?n Wrlti: . ? Th?* I? that a ?at ? , ? ' Answer The American Writing Taper bonds due 103?) bear an h f C per cent. Wh<* was brought out in 191 .*? the ?>>mpany ??.ipulatrd that the interest rate ?nt for that year at- : and 6 per cent thereafter. to which we referred wh> : inqaln Si San Franci?co adjustment 6s has not changed. These bonds are better than ?icomes ?I because they are prior to the ir.ccme bonds in po'.r ?. and have also i ptr cairn on earnings. In other words, the Adjustment Gs is paid ? on the inc.ime Cs. A difference is that payments of interest on the adjustment 6s ?re cum: while those on the income tjs ai (?reat Northern preferred has a lative element which renders it inap ? ate for any one who is ?. *:lo?e tou< .pments affecting the company's A Well ( hoaen List ?IHC .ooo I * nt? wh ct. pieces before diversifying ouidings further. Infant LZi.? -..-vor. Lfie\ ? '? ? ? about Siililtlng ?3.000 Inln Sit l'art? Imagina ? and Teleu-. on this list * York th the marhttabl ; such ard?y ? a current Bt and the ..?h r,s ? cent; ? i.cago turn ? r.?ntly 'vania returning i it (ieneral M -ttion ' m ich Fisher ?ubsidiary. nn excho:. ? n the latter on the ? > and The a tub v>e the | plant in the w no separa? tion ??' . such ?? you luggcit, that m ? irj Notes ? ' *n In ?i thl? ? t, du? ? f the Hit si nt of your t t'ana : an I * to the ;y the Canadian ?. can p r*>* of mind , to igt us, such as took place in th? >?p?e of the an mark i | icst for a ? ?n rep.. ,ch TS?. ?Inch we selling t* about stock, ' secur? ities you de.? Ga?ton William? Worth! Ana? In brokeiaco quarters it was being off? red at 30 cent? a share "over 1 was ?trick* -hange list because cf the inability of ? Gaatoa A ? affairs and has take. ? I new ?? May 15 * ? If you i C2n Mi stock .? no-.v I ailed r ? ? ;|.urcnasing royaltus in the til field? of ODD LOTS .-ire a boom to the thrifty. Str. inga, as accumulated, can b? put into securities y-Mint fair return* and readily rru\t ketable. This affords a convenient method of building Up an m> come. Let ?t explain it In \o>i We tpena'-ze in <')<\>\ lot invfttmenth- a\le for Spedal hoohlrt No II ?(hjSHOLM 8 -(HARMAN .'.fcmitri /Vea? Yo'** -r>*"" *V I "tont* 52 BROADWAY, NEW YORK CITY Telephone Bowiing Oren 6S00 (ircat Northern Railway Co. lie , iirr?*nt ?sue of our fortnightly Itc? tit?? I and comnrr.ditiet review < ontains a discussion of ihe affain of the Great Northern Railway Co., also the tugar, coffee. rnMnn and grain market?,. ( opy r,n reeiuft. ?i v- ? T*.rli *,,?, ?age ww rsMsre t ?? lisnt? Maaaa Orua nt? V.w ?,.,.1, tmfM f " > ?? n tfssrn fest rr**4s*e ?ac? ? >___?_ IV>_>4 ?f Tm, ?.-?? its M?Mk?n 4 -?I ' ?ti*e Wt. Privare rfirci to Principal Cities A. A. Housman & Co. 20 Broad Street, New York City A-__ier?__?. Branch Often i MfcNi H atf**aH MM n(U* Investment Bankers are offered security ??sues of l.lectnc Power and Light Compr having unbroken records of substantial earnings over long periods of | Correspondence Invited Electric Bond and Share Company iT?i<J-*jp Capital ?n<4 Surplui |29jOO 00) 71 Broadway New Yor_ V U*d Venture ?-rber l ...ii'?.l preferred bought at 7. i .? ? , ,?U ?ml taka ???alt until th> read? i.tment ** Ma, th i| ; ? t ,ny f Ha| rranell ? n<l If a?? i. e th? standlag ai l'anhan?li* 1' *nl R llatlSf '" th'a* two ?? Answer- You fared rather badly in Interborough Consolidated \*n .ind will undoubtedly hase the - ence if you continue to use rotar fun?li purely for speculation. Th- to la hardly nny u?c detailing the astats of the Interborough Consoll :or the enlij?htet;ment of a stock I s?-'.? .?re tu-' ficitint to meet the company's ohliga I holder? of Interborough Metropolittm 41. per cent bonds. Your ?-a.ui.y as :i holder of the pre ferr<->1 ??took l.e, in a "privilege* to P'ircha?? some of the new <*? per cent after the Interborough Rap?! Transit stockholder? and Interborough politan bondholders have had their ih--n'tie. Those1 of the Contolidnt"?! t t-ekholders who do subscribe to tha new notes will re? ceive as a bonus a proportionate share of the I'apid Trsr.sit stock surrendered lers at the R.pd Transit stock and Mi?troj olitan bond?. Th. stocks you mention are speculations ?nd simple and we ear.not oiTer any advice on tha subject. TrlM-.. Itvi.me Ig \?>t Cumulati*?? yu?? Il y give m* >'.?ur of aafety and Answer?Interest on St. Louis-San Francisco income A Is is payable, ' if . t the available net in ? "inpany shall auf., such p *e is not to r th?- reason that ar? not cum.lativ? is u speculative feature to the?? h accounts for a Sigh yuMd I | think well of * Ittaa .t this road. The income bonds have paid a 6 per vent rato sine? , issue. Information on White Oil gu*a i ??? soma ? ? ' ? ? ? i ? 11 . -, ; | lb ittf/e a aoun.l backtn? ,.?n> 7 .?. ,i.>* ar, ii Ar.Mvcr White Oil hai not yet ?trate?! that it can be placad he highly ?paculaiivu Tke ?tuck has never paid _| end, and there are.no pr??ent in? dication? that a distribution to stock holder? can be expected for a ?M6V ??ulerablo time to coine. As to the tn.?r , rotpect? of tho ?tock it is not ?hey to make any predictions. The company has properties in 1. ui s.ana. Arkansa?, Pennsylvania. Kansas, ?y, Oklahoma, Text?, Montana, Mississippi und ( uba. The company perate? a number of The most recent important t in the ccrporaticn's af I ?a? tho marpcr agrtement by I'nlted Centra' Oil Corpora v.?u obtained from the United nd HI. ctric Company. The deal d payment to the latter of |1.? new White Oil g per cent pre? ferred stock, 170,000 shares of no par n, nn,i nn option on 100,000 ad ?ntlonal share? at common st 111 a To elTcct the consolidation ? approved an authorised t"u? ' hue?. ftO par, of R l er c>t,'. tumnUt.va preferred ?tock ?nd an incraas? in th? authoriwd com? mon from 1,000,000 U 2,000,000 shares., Too Extreme on Ei?*ki?|? : - - - y New J i sit flr? ?tn?.U l.lb?rt? . >? hl?h r?t? ? ? ' * ' ? ? - M I . :. ? W. ' m ?? ?- ' i Iff .-if/' >IaS-?_ ?u..*? "_5_! ??? ',-?? *.-? ?* i - a Answer- A. ? long -term ""?J the I r? ?*? ^,**L? tien ii ? * It? ,ng for in . ,\\Tm* out p i . ,.., to oh-. ?%br il?M?^*******m ginning thai _________! 'rtKf _____ crt'y b.i.**?1.-*- ,' .__ _ Sieve ie?a . n ?.H* . . j ,l. /AttMnuiV_____i bon?* ? , ?i W Ntti a. the ? 'V'?/,..*?' ? fCtS_ the large?! , ,W_ Jersey -5?. ?lue i960. y???'* ^ r^V-_SnM___l ?hsr,. of N-*.\'rokck#'-|id? I cent prefetred ?t<K?. ?-^^^ Trustee? Servie? ?*?*?* ?a matlon th? Trust?-?? l reell ^^^^^^ lu?ltMtrl?l fcsaatM ? >?*??"? Mat.? rimdf* An.wer The pl.n of ???? , System S,rv;?.- i. ??^.J**-* tac Morri. Pian bsnkt. ?*? ^ department. f? Join* ? 't* and insurance bu?'?"??* , .?tf**** In the nature 0 ft*.??? ????,. fl<gJ ?t is impo.'.ible *??"?;,,, , .??g ?, being made, ?nV?nitia??,_5 to earn prolit. no ?nely*'? of the st?HA can b? ??*?* ^ J-?7?r /uW column*J* vestment f?'""'!.. J * ?c,r. .r.7/ /" P-^WJ^ one /uM ro/umnj2?l_!r^ ?*__H _a