New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 06, 1920, Image 17

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New-York tribune. [volume], January 06, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 06 Jan. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-01-06/ed-1/seq-17/>

Newspaper Page Text

?9*=
W.F.Ladd&Co.
Ttta?7. tam?A A Co.
Investment
Securities
New York
?ESSES i ?
I Raritan Refining
j Corporation
I 7% and Participating
10-year Gold Bonds
At 975/3 these bonds yield
approximately 7.18%, without
taking into consideration par?
ticipating dividends.
Further information on Request
HEUWIGftREUTTER
Members Nev Yorl( Stock Exchange
25 Broad Street, New York
TeL Broad 6230
Oil Industry
Send for iat-st edition of this
pamphlet, which contains details of
many oil companies, general condi?
tions o? the industry, &c.
Special articles of interest to those
interested in the Ajax Oil Company.
Pamphlet O. T. B. on reqoest.
Farson, Son & Co.
Members New York Stock Exchange
US Broadway, New York
Federal Adding
Machine
J.K.R?ce9Jr.&Co.
nattes 4000 to 491? John. IS Wall St.. N.T.
U. S. Government
Transactions
Sales.
Liberty 3%s, 1947. $468,000
do 1st 48. 1947. 116.000
do 2*1 4s. 1942. 341,000
do 1st 4%e. 1947. 39,000
do 2d 41.4s, 1942_ 989,000
do 3d 444s. 1928...... 2,114.000
do 4th 4%s. 1938.3.009,000
Victory 4%a, 1923.2.506,000
do 8%s. 1923. 496.000
Quotations
Liberty 3 %s ..
do 1st -is_
do 2d 4s.
do 1st 4%a..
do 2d 4Vis...
do l!d 4%s.. .
do 4th 4%s.,
Victory 4%i ..
do 3\a. 99.20
Bid and Asked
Yield.
3.4B
4.40
4.56
4.66
4.76
4.94
4.83
6.00
4.00
+.12
Quotations
Liberty loans :
34s. 1947 ....
1st 4?, 1947....
3d 4s?. 1942.
ist 4 Us, 194
2d 4%s, 1942.
3d 4143, 1928.
4th 4 Vis, 1938
Vte 4%s, 1?23
do 3%a. 1923 99.08? 99.14
Pre-war issues:
Closing Closing
Yesterday. Saturday.
99.98@100.00 100.00@100.10
93.30(iii 93.60 93.40? 93.48
92.20? 92.30
98.60? 93.64
92.70? 92.74
94.70(P> 94.76
92.82? 92.96
99.08? 99 16
.100
.100
89
39
2a re?. '30.
2s coup, *30
2s reg, '46.
3s coup. '46
4b reg, '25.
4s coup, '25.105%
2s Pan. c, '36. .
2s Pan, r. '36..
23 Pan, c, "38..
2s Pan, r, *3S..
3s Pan, reg
3s Pan, coup.
Phil 4s. '34..
do 4s, '35.92
do 4s, '30. 92 v, .... ... ?, -~
D Col 3s, '66.... S7 ? ? 97 % ? J
Foreign Govt. and Municipal Bonds
(Interest to be Added)
Bid.
Anglo-French Extern 5a, 1920.. 96%
Argentine Intern 5s, 1945. 1.0%
Canada? Dom of, 5s, 1921. 97%
do 192?. 92%
do 1931 . 91
Chines- Gv Hu Kug Ry 5s, 1951 52%
Cuba Extern 5s, 1944. 90%
do Extern 5s. S?r A, 1949_85%
do Extern 4%s, 1949. 74%
Dominican Rep 5s, 1958.?
City of Lyons 15-yr 6s. 1934.. . 92%
City of Marseilles 15-yr e?, 1934 92%
City of Bordeaux 15-yr 6s. 1934. 92%
City of Paris 6s. 1921.
Jap Gov 4%s, sterling In, 1925
do 4 %s, 2d ser. 1925.
do 4s, sterling In, 193,1.
City of Tokio 5s, 1952.
U K G B & I 5-yr 5%s, 1921.
do 3-yr 54s. 1922.
do 10-yr 5?is, 1929. 95%
do 20-yr ?'-s, 1937. 90
Mex Extern strl 5s of '99, 1945. ?
do Extern gold 4s of '04, 1954 35
(Sales)
U S 4s coupon |Jap 2d ser 44s
814
78%
69%
59
96%
Asked
96%
70%
97%
93%
B8
91%
87
76%
87
93%
92%
92%
92 %
32%
80
70%
66%
96 4
95%
96%
90%
39%
44%
5,000.105%
Anglo-Frenc}? 5s
255,000.96%
2.000.: 96%!
16.000. 96%
3,000. 96i"?!
4,000
1,000
German stmp
10,000. 76%
do stlg loan 4s
1,000. 69%
English strop
2,000. 66
96%! Rep of Cuba 5s 1904
96tV, 2,000. 91%
90%
5,000...... 98%! 2,000
10.000.: 96 ,V do 44s
17,000. 964 1.000. 75
19.000. 96% i U K of Gt Britain
01,000. 964: &? I 54s 1921
25.000. 96% 5,000. 9(i*,k
82,000. 96% " """ 96?T
Argentine
1.000. 72
City of Bordeaux Gs
2,000.92%
City of Lyons 6a
2.0?0. 92%
City of Marseilles 6s '
1.000. 92%'
City of Paris 6s j
L0.0O0. 92%,
1.000. 9?;
8,000. :.-... 92% j
City of Tokio 5s. I
l.OOO. 60 '
10.000.59 V
19.000...... 61 - .
Dom Canada 5s 1921
2 000 ..'.'.. B7%|
1,000. 97%;
2,000. 97 41'
5,000... ... 97%'
6,000. 96%
16,000. 96%
5,000. 96
l.OOo. 96%
1,000. 96%
4.000. 96V;
3.O00. 96%^
2.000. 94}%
10,000. 964
do 54s 1922
8.00Q. 95%
1.000. 95
32.OOO;. 95%
do 54? 1929
15,000. 95%
i-,000... :.'. 95 %
.5.000. 954
3,000. 95%
25.000:_. 95%
do 5%s 1937
13,000. 89=1
29,000. 89%
Dom Canada 6s 1921 I
1.000.97%
do ?s 1931
1.000.
5.000.
7.000.
Jap^ 1st ?er 4%s
2.000......
4.000.81
10,000. 83
1,000.82V
do 2d ser 4%s
. 4,000. 80
do German stmp
15.000.76%
iff?
va
#?1%
81%
81%
1.000.
5,000.
UKofGt Britain
* I 6%s 1987
30,000. 89%
27.000. 89%
5.000. 89%
15,000. 90
a.ooo. 89%
25.000. 89$
36.000. 90
12,000. 90%
5.000. 90
3,000. 90*
, >??:::::: 8
1,000. 90
2,000. 90%
N Y Citar 4%s 1960
2,000. 93
Railway, Other Corporations
Am Ag Ch cvt 5s
3.000.98%
Am Smelting 5s
2,000..;... 86
14,000.86
10,000.86
Am T ft T cvt 6s
5,000..
3,000..
jS.OOO..
dir* col 4s
1,000.
.5,000......
15.000..:*%..
5,000. Tm.
31,000. 79%
J 1,000. 78%
do col 5s
80,000. 81
3,000. 81%
1.000. 81%
5,00?. 81%
Am W P s f 7s
2,000. 83%
13.000. 83%
Armour Co 4%s
5,000_7. 83
A T & S F gen 4?
1.000. 82
5,000. 81%
12,000. 81%
10.000. 81
2,000. 81%
1,000...... 81
do cvt 4s 1960
1,000. 89%
do adj 4s stamped
12.000. 70J.??
2,000. TlVfei
A? C L 1st con 4s '
11,000. 80
8,000. 79?
1,000. 80
do uni 4'?'?s
1.000..*... 76%!
do L ft N 4s
5.000. 72 i
Bait ft O tem 6s
Lake Shore 4s 1828
, 8.090.86%
do 4s 1931 *
a.ooo..
Long Island
4,000..
2,000..
do sen 4s
1,000.
uni ff*
nt
L ft N unified 4s
73
16.090...... 83%
2,000.82%
Manhattan By 4s
7,600. 60
Midvale Steel 5s
1,000.|5
2.000.86%
6,000. 86
Mil L S ft W 6s
Mich di?*
1,000.100%
M St P ft S S M 4s
0,000. 82
M K ft T l?t 4s
18,000.60%
1.000. 60%
3,000. 60%
Mo Pacific tren 4?
1,000.58%
i.000.68%
10,000.59
1,000.68%
4,000.58%
2,000...... 59
2.000. 58%
Mobile ft O ex 6s
. 1.000. 95%
Montana Power 5s
t.OOO. 83
Mor Lou ft T 6s
2.000.98%
National Tube 5s
2,000.93%
New Orl Term 4s
1.000.63%
,N Y Air Brake 6s
M 5,000. 90
1??OOO..^."."89%?N Y Central deb 6?
6,000. 90 1 39.000. 92%
do rfg 5s g|^B -.000. 92U
3,000. 67U!
10,000. 67%
18.000. 69 !
15,000. 57?!
_, 5.000. 67?5!
do cvt 4%s
34,000.."_ 64%!
10,000. 64?!;
13,000. 64%!
12,000. 65 I
2.000. 65%!
n.ooo. W
921
92%
78
78%
2,000.
5,000_
5.000_
do rfgr 4 Vis
1,000....
2.000_
do 4s 1934
2.000. Sl%
2.000. 82
do rfpr 3% 9
3.000. 69%
do L S 31 ,'.3
1.000..'7.. . 61V'.
3.000. 65% IN Y G E L H ft P
5,000
3.000
2.000
7,000
7.000
50%
83
1.000. 65%'
2.000. 65 U ;
2.000. 64%!
2.000. 651?!
11.000. 65 :
do gold 4s 1
8.000. 69 i
2*2S?. 69%!
4.000. ?g '?
8.000. 69 !
! ?o T ft C 4s
2,000.
do r> 1 3u3
! 17.000.7...
do Sw 3 Us
I 1.000.."...
3.000.
1 ' 1.000.
do Pitta L E
W Va 4s
3.000.
1.000. 61 .
! Beth Steel 1st 5s ! I
1,000. 96%!
i do o m 5s !
7.000. 86%!
Brook'"" Rap T 7s '
5,000. 46 I
dn crfs of deposit
20.000. 43
L Ceo of Ga Ry 6s I
2,000.93%!?
! Central Leather ",* '
1,000.97%)
1,000. 97 '
I 2,000.96%'
66 ' I P m 4sl_
65%! "000. 63
66 IN Y Rys ndj 5s
65% i 2.000. 6%
65%! 20.00S. 7
? 5,ooo\. :_ 7%
do ctfs of deposit
5.000.? 6%
14.000. 7?.
N Y Te' deb 6*
?.O00. 9? U
4.000. or.si
1,000. , 9.-,:;',
1.000. 95%
?'.OOO. 95%
2.000. 96
3.000. 96%
do4U?
3.000. 80%
l.noo. si
24.000. sos;
2MfiO?... soi:.
5.000. 80%
N Y W A Bn 4%?
2.000. SOU
9 000. 37
Norfolk * W cvt rts
4.000.IO41.',
5.000.104%
do eo*v 4s
4.000. 79%
; do dlv <s
I 10.000. 77%
Nor PsMflc Term *?
1.000.10714
' do 4?
i.nno. 7??V4
25.000. Tsjt/,
9.000. 7H?4
9.000. 79%
&
60
Cea Pacific gtd 4a
2,000...... 78
2,000
22 000.
Ches ft O cvt 5s
16.000
5,000. ??
10.000. 8?%
AS:::::: 3*
2,000. 75V4
6.000. n%
. 8.000.. 75*
9.000. 76V4
2,000. i\n
6.000. 7?u
1,000
2,06o
caa??sp'i<?'3?
. 5,000.4714
do 3%. "*
: A:::::: 3|
do Denver 4a *
L0O0... 96
^Aoiaii'
. 2.000. 84
*? A0'9 **?
5,000. 75
do joint 4b
1.000. ?Sai
16.000.. lia
".000.. ??a
27.000. ?? 2f?
5-??0-.. " lis
3-000.. "i*
g.000. s,
- ?5,000... a7ay
6T000..
1,000., "
2.000.
8.000.."
?.ooo..;
^ 2.000.,.'
?uoo.::'
do cvt 44?
3.000.
|o.ooo..:; M-*i
4.000.. -9*
?.0Q0.
J 2,000..:
?o1 ri?; 41^
l?:-::
i 4.000..;
?a 4s 1925
iNor Pacific Term 3s
3,000.66%
1,000..56%
J.0OO.6pg
4,000.55%
Ore Short Line 6a
8t000.93
do 4a
4.000.8414'
^Am.m
Ore W R R ft N 4a
1.000. 71%
1.000. 7B%
Pacific G ft E 5a
6,000. 82
Penn 6a 1968
4,000. 93%
1,000. 93%
22,000. 93%
1,000. 98
1,000. 93%
do eos 4%.
1.006. 93%
9.000. 934
10,000. 92%
* f!oV?B
71%
es
84%
?. -j.-,-.?4%
Pera Matettette Sa
4,000.87
5.000.86%
1,000. 87
10,000. 86%
do 4a
1.006.7
Pub Ser of N J 5a
8?000.69
Reading Sen 4a
12.0OT.81
8,000.
1.000.
1,000.
2,060.
do C N J 4?
5.000.
Republic I ft S
7,000,....
St L I M ft S gen St
43,000. 92
do 4k
3.000.74%
1,000. 78%
do 4s Riv ft G dlv
?000. 72
St L ft 8 F gen 5a
2,000.91
4a *er A
3,000.59%
1,000. 69 T
1,000. 59)4
81
80%
5a
96
do
3,000. 59*
6814
*8%i
eon!
60 fi!
61 I
60 941
so?:
? 15,000... -n
do --- ? ' * '"
?en 4s
:454.
' d?iodoVB 193%.
23,000.. *' g"
_ ? 2.00O_ ?kg.T
do?s--^
crITp'.*>
1.000..
do rig 4a
11,000_ 67?-!
1.000.. :; Us
13.000.... 67*
? ?30.000.; 6Ti?
CSt PM ft O 6s'
. 1-000.105
do .is 1
? _ 5,000_ ?71,
.Chicago Un Station^:
44a ser A 1
L .. 1^000. 82 l
C ft Wext Ind 4s
LfcA000."60% I
Chile Cooper 7s
1.00C/. .?..103U
do 6a I
5-000. 844!
5,000. S4 '
_ ?X'm. 85
C C C ft 3t L ?en 4s '
3.000.'. 1?|
2,000. ?s?;
1,000. CH^
de 4s C W ft M d?v!
I 1,000...... 62 I
Col industria] 5s '?
1,000. 72 1
i Col ft So 1st 4a i
l.Ono-.. 85%
do4Hs I
2.000 ^^^
,000
3.000...
??:::
2,000...
do 5a ?ir B
l'.OQO...
12,060...
1,000...
2,000...
do adj 6a
1,000...
3.000...
2 000...
5,000...
1.O00...
15.000...
7.000...
1,000...
do inc 6b
_ 19.000.43
jfJU'St L Swn 1st 4a
" -? 3.?06. 62%
do con 4a
1.000. 52
8.000. 51%
??.OOO. 51U
St P M ft M 4%a
3.000. 91%
Seaboard A L 4a stp
5.000.60"
2.000.
dp rfjr 4a
*30,000. 39%
54.000. 40
59
59%
59 ?
59%
59
714
71
714
71%
a*
61%
62
61%
as
61%
60%
604
39%
3,000.
do adj 5s
6X000...
1,000...
So Bell T ft
1.000,..
1,000...
So Pacific cvt 5s
3.000.103
1,000.1054
do ovt 4a
10,000. 81%
4.000. 81
36%
38%
984%
81%
?IS
T*?ft
79%
79
78%
! Con Gas cvt 6a
I 10,000. 96?ii
l.OflO
S.000
do rfx 4a
1,000.
1.000.
7,000.
i'.OOO.
do col 4s
20.000.. 72
Southern Ry 3s
5.000. 87
19.000. 864
2,000. S8sti
8.000. 86%
2,000.S?"?
Con? Pr 5? 1?34
n , i.ogo.100%
Del ft H rfg is
3.000.81
O*? * B G rfg 5?
8,000
10,000..
,11.000..
do ?on i?
1.000..
3,000..
3,000..
2.000..
?.000..
?**? Is* eon 7s
1,000
45
66%
SI*
96
do prior ?en 4?
13.000."64%
, 30.000.64
do gen lien 4s
10,000.43
10,000.43
3,000.43
. 12.000.42%
do en i? ser A
2,000.37
do ert 4s ser B
10,000. 36
do cvt 4? ser t}
?i?::::::S
K W ft p c 6s
4,000.97
Oca Else deb 6s
_ .4.006...... 9J*A
' , 6,000.73
Hud ft M rfg 6s
7.000..7... 59%
5,000.69%
5,000..
12,^00..
2,000..
do lue 6s
ISoutborn Ry 4s
1 3,000.61
i 22.000.60
I 3,000.60%
do 4s Mob ft O div
2,000..57
Tenn Copper 6s
2,000.94%
1,000.95
T R R A of St L 4%s
6,000.82
do4s
_ LODO. 70%
Texas ft P 1st 5s
1.000.84%
? .23.000.84%
Teaus Co cvt 6s
_;. ?8,?oo.101%
Third Av rfg 4s
7,000.50%
Toi St L * W 4s
10,000.44%
Union Paeiftc 6s
1,000.102%
5,000.103
do 1st 4s
1.000.85
1.0?O. 85%'
3,000.85
5,000.84%
*? rtfin ai il
2.006.
93%
a?
3,000
1,000.
do cvt 4s
2.000.
1,000.
1,000.
do rfg 4?
8,000.
Un Rd of S F 4s
84%
85
87%
88%
88%
81
!,00<
111 Central 8%s
?,000.
do rfg 4?
10,000.76
do 4s 1952
1,000..
2,009...
do 4s 1953 _
1.000.71%i
Illinois Steel i%?
5.0?0. 83%|U
Interboro-Met i%s
31.000. 16%:
3.000. 16%'
15,000. 16?!
do ctfs of deposit
5.000
Interbore R
16%
Trfg5?l
16.000.16% I
21,000.55 i
55%!
5?
6.000.
2,000.
6.000.
55
ctfs of deposit
3.000. 26
U S Realty ft I 5s
10,000. 78
10.000.79
2.000.78%
5,000.78U
5,000. 79?
15,000. 78 ?
U S Rubber 5s
2,000. 88
2,000.88%
1,000.88%
2,000. 88%
1,000.88
1,000. 88%
3.000.89
4.000. 38 %
S Steel s f 5s
25,000.97%
1.000_.. 97%
10,000. 97 U
2.000. 07%
1.000. 97%
11,000.98
4.000. 97%
5.000. 97%
21,000.98
5,000. 97%
do registered
? 7.000. 97
1,194,910,330 Dimes
In the stores of the P. W. Wool
worth Company, which ar* among
th? few places where the nickel ana
the dime are still objecta of respect,
record-breaking sales were made dur?
ing the year which ended on De?
cember 31, 1919. Total receipts in
the busiest year in the history of
the company amounted to 1,194,910,
330 dimes.
The addition of forty-five new
stores to the chain helped stimulate
sales. The number in operation is
now 1,084. The aggregate sales in
all stores reached $119,491,033, an
increase of 512,310,137 over the 1918
receipts. The founder of the com?
pany died in the year when the peak
in gross income was attained.
\ n. i,. " i i.i m '
Int Agricultural 5s I Utah Power & L 5s
1,000.83%! 1,000. 82%
Int Mer Marine 6? I 1,000. 83%
3.000. 95% Virginiau Ry 5s
20.000.95 5,000.85
1,000. 94%!Wabash 1st 5s
1.000.94%! 3,000.91
20.000.95 ! do 2d 5s
K C Ft S ft M 4? ( 2,000.83
5,000.66%! West Maryland 4s
Kansas City So 3s I 1,000. 50%
3,000.59 I 12.000.50
do 5? (West Pacific 5?
1,000. 74 25,000.84%
1.000.73 16.000.84%
28.000. 74 West Shore 4s
Kan City Term 4s 1.000. 74
2,000.76%! 2.000..'_ 74%
2,000.76%!Western Union 4%s
6.000. 76%! 1,000. 81L.
Lack Steel 5s 1950 ?Wilkes ft East 5s
10,000.99 I 1,000. 55
1,000. 99%! Wilson Co cvt 6s
5,000.99 ; 5,000.96%
do 5s 1923 1,000.95
L',000.93%' 6.000. 96%
Stocks JEx Dividend
Jan. 7?American Drug Syndicate.... 2-5
Jan. 9?American Ice. 1
Jan. 9?American Ice pf. 1 M
Jan. 9?Central Leather.1U & 2 ex.
Jan. 6?Great Northern Ry pf. 1%
Jan. 9?Inspiration Cons. Copper. \M?
Jan. 9?International Paper pf. \l.i
Jsn. 9?internat. Paper stpd pf. 1%
Jan. 8?M&honing Coal R R. B
Jan. 8?Naiional Cloak & Suit. 1%
Pan. 9?Pittsburgh Coal. 1 %
Jan. 9?Pittsburgh. Coal pf...i. 1%
Jan. 8?United Alloy Steel. 1
December Sales
Of Copper Reached
500,000,000 Pounds
i i #
German Purchases of the
Metal Financed Through
Leading Banks; Export
Price Above 20 Cents
An important buying nibvement in
the copper market is under way for the
first time since the signing of the
armistice and large quantities of tr.?
meta, are going abroad, principally to
Japan, France and Germany. Total sales
for December ware estimated yesterday
by an official of a leading selling
agency at 500,000,000 pounds, or at an
annual rate of 6,000,000,000 pounds.
The normal output of copper in the
United States is about 2,000,000,000
pounds.
Copper being bought here by German
firms, it was learned, is being paid for
in dollars from the prcceeds of credits
arranged with leading NewJCork bank?
ing institutions. The Guaranty Trust
Company, the Chase National Bank
and the National City Bank are said
to be among the banks that have under?
taken to finance German purchases of
copper from the Copper Export Asso
! ciation, which body was organized
1 under the Webb law to handle the for
I eign business of the important pro
. ducers.
Sales Not Large
"Buying of copper here by German
i firms," said an official of the Copper
I Export Association yesterday, "is a
: development of the last two or three
I weeks. The amount being sold thus
] far is to supply the urgent needs of
| manufacturers of German electrical
I goods. With the present depreciation
| of the mark, the Germans are paying
| the equivalent of S3 a pound for our
copper, but owing to the fact that Ger?
many is paying its labor in marks
manufacturer? could probably under?
sell their European competitors he-?
cause of the low coats of production.
"American copper producers have
been asked to accept German good
exchange for copper, but for the very
reason that they can be manufacture.!
cheaper than American goods it wh?
determined not to accept them. When
the peac? treaty has been signed s bit;
increase in the ?Serman buying move?
ment is expected."
Approximately 50 per cent of the
copper now being shipped abroad is
for Japanese account. France is taking
large quantities of copper wire to bo
used in the electrification of her rail?
roads. The current export price f??r
copper is above 30 cents a pound.
The domestic market opened the
week strong yesterday with an advance
of another % cent a pound, making
the price for first-quarter deliver-..?
19% cents. Producers, because of the
improved outlook for business, an re?
fusing to quote on second quarter de?
liveries.
George W. Stevens to Head
Chesapeake & Ohio Railroad
George W. Stevens, Federal manager
and former president of the Chesa?
peake & Ohio Railroad, will be elected
president of the road at a meeting of
the directors here later in the month,
it was learned to-day. Mr. Stevens ex?
pects to be relieved of his Federal du?
ties within two or three weeks, and his
election aa president will follow, it was
; said. Frank Trumbull, chairman of the
I board of directors, has been acting us
president since Mr. Stevens entered
government service.
Bolivia Legalises Gold
LA PAZ, Bolivia, Jan. 5.?Congre**
to-day passed a hill legalizing the cir?
culation of gold aa a medium of ex?
change. Following this action the gov?
ernment will issue a decree fixing the
equivalences between American gold
standards and Bolivian money.
Great financial and economic im?
portance is attributed to this unifica?
tion.
The Bolivian Congress on September
14, 190?, passed a monetary law "pro?
viding for the adoption of a gold stand
ard. Until recently, however, no Bo?
livian gold was in circulation.
New Issue
$7,500,000
Canadian Northern Railway
Equipment Trust 6% Gold Certificate?
Serie* D, 1919
ISSUED UNDER THE PHILADELPHIA PLAN
D?ted December 1, 1919 Total Authorized $7,500,000
Due in semi-annual instalments of $375,000 each, '
June 1, 1920, to December 1, 1929, inclusire
The company aeree? to pay the Normal United States Income Tax up le 2% if exemption
U not claimed by the Certificate holder. In coupon form of $1,000, with previstos, for
registration of principal. Principal and dividends (June 1 and December 1) payable at
the office of the Fidelity Trust Company, Philadelphie, Trustee.
Th* information given below is summarized from a letter from Mr. D. B. H?nna, Pr?ii
dent of the Canadian northern Railway:
These Certif?catela are issued against new railway equipment costing $10,02^,995, the
railway company thus making an initial payment of $2,528,995 or over 25% of the cash
contract co?t. With tbe retirement of 10% of the Certificates each year, over 50% of the
equipment cost will have been paid within 3^2 years.
Title to all equipment remains vested in the Trustee for the benefit of the Certificate
hoiderw. The equipment is leased to the railway company for rentals equal to the principal
?ml dividends of tbe certificates and the guaranty of the railway as to payment of both
principal and dividends is endorsed on each certificate.
Under the provisions of the Statutes of Canada relating to the Canadian North?
ern Railway Company, the rentals payable by the company under the lease of the
equipment pledged rank as a working expenditure of the railway and constitute a
claim against the railway company's earnings prior to both principal and interest
of all its mortgage debt. .
The Canadian Northern Railway fa owned by the Government of the Dominion
of Canada through acquisition of its-capital stock under authority of Acts of the
Dominion Parliament.
This issue is subject to approval of legality by Meiers. Morgan, L?icts ? B??kht? and
Messrs. Duane, Morris ? Heckscher of Philadelphia, and Messrs. Blake, lAeh, Anglin ? Cor?
sets of Toronto, Canada.
Prices:
June 1920 to December 1921 Maturities, 6%% Basis
June 1922 to pecember 1929 Maturities, 6V4% Bsiii
Wm. A. Read & Co.
Nassau and Cedar Streets
New York fc
Chicago Philadelphia Boston
?a M?n?ft?ra ?<t?t*ta?4 is m? severe? ?aMat tas tote ??Ula*<t from tewm whtet we nmM? rtlUMs. WWW set ?feeffatiset. it is ?etseta? fr et sa ajeara.*.
140,000 Shares
Atlantic Fruit Company
Common Stock
(No par Value)
CAPITALIZATION (Upon completion of present financing) ,
Authorized To be Outstanding
7% Sinking Fund Convertible Debentures $20,000,000 $10,000,000
Common Stock (no par value) 1,000,000 shares 395,000 shares
200,000 shares reserved for conversion of Debentures.
200,000 shares reserved for any further conversion.
Transfer Agent: , Registrar:
THE CHEMICAL NATIONAL BANK CENTRAL UNION TRUST COMPANY
OF NEW YORK OF NEW YORK
If' e summarize as foliotes from letter of Mr. .V. A. Macleod, President of the Company., and the
report of Messrs, Arthur Young cf Co., Certified Public Accountants:
BUSINESS. Atlantic Fruit Company and its predecessor companies for
many years have been engaged in growing, shipping and selling bananas,
cocoanuts and other tropical fruit. It now acquires from interests identified
with The Cuban-American Sugar Co., by payment in Common Stock, two
sugar plantations in Cuba aggregating 63,000 acres, and adjoining its present
estates. By 1921 it should be producing raw sugar from its new mill.
PROPERTY. Upon completion of plans now to be carried out with the
proceeds of this financing, the Company will own approximately 153,600 acres
' of land in Cuba, suitable for the cultivation of fruit, cocoanuts, sugar cane
and other products; 24,000 acres of plantations in Jamaica; 132,000 acres of
undeveloped land in Nicaragua; a 300,000-bag sugar mill in Cuba; about 35
miles of railroad, wharves, docks, warehouses, etc., and a fleet of twelve ocean?
going steamships, with additional steamships under charter.
MANAGEMENT. Those who have been responsible for the success of the
Company since 1915 will continue to operate the property without substantial -
change in policy. They have associated with themselves strong financial,*
shipping and sugar interests which will be represented on the Board of
Directors by W. A. Harriman of W. A. Harriman & Co., Inc., Marine Securi?
ties; H. O. Havemeyer of Havemeyer & Elder, Inc.; Thomas A. Howellr
Vice-President, The Cuban-American Sugar Co.; Sir John Pringle, K. C.
M. G., Jamaica, W. I. ; P. A. Rockefeller, 26 Broadway.
EARNINGS. Operating profits as certified to by Messrs. Arthur Young
& Co., for the four years and nine months ended September 30, 1919, havq
averaged over $1,470,000 per annum. For the last nine months of this period
operating profits were $2,641,720, and for the calendar year 1920 are estimated
at approximately $3,500,000 without allowance for any return in that year on
the money to be invested in such sugar properties. This would leave a balance
after provision for interest and taxes of about $5 per share on the outstanding
Common Stock,
Price $35 Per Share
When, as and if issued and received by us temporary certificates will be delivered on or about
January 12th, exchangeable for permanent engraved certificates when ready
Application will be made to list this Common Stock on the New York Stock Exchange
Potter Brothers & Co.
5 Nassau Street, New York
White, Weld & Co, t W. A. Harriman & Co., Inc.
14 Wall Street Marine Securities
Chicago New York Boston Boston New York
This information and these statistics are not guaranteed, but
have been obtained from sources we believe to be accurate.
J

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New-York tribune. [volume], January 06, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924