New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 28, 1921, Image 15

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New-York tribune. [volume], December 28, 1921, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 28 Dec. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1921-12-28/ed-1/seq-15/>

Newspaper Page Text

fxecutor Trustee
Chartered 1822
The Farmers' Loan and Trust Company
Nos. 16, 18, 20 <fc 22 William Street
Branch Office, 475 Fifth Avenue
At Forty-first Street
New York
London PariB
Foreign Exchange
Administrator Guardian
M?nb?r Federal Reserve System and Jiaw York Clearing House
That Letter of a Year Ago
You may not have to look for it often,
but when you do, it's very necessary and
very important to the business in hand.
And your finding it readily, if at all,
depends upon your method of trans?
ferring.
ACTIVE F1L.E3
TRANSFER CASES
T
Correspondence
ransr erring
sr
The usefulness cf correspondence lessens with
its age. You can't toil when it is absolutely
useless, but you know that reference to it
decreases gradually as it becomes older.
Obviously the best transferring system is that
which retires the correspondence gradually.
For example, suppose your Upright Steel
Filing Cabinets will contain just one year's
correspondence; file the second year's cor?
respondence in a duplicate set or battery of
cabinets, placed back to back "with, and
labeled the same as the firsl ; the third year
transfer the first year'? letters from the Up?
right Cabinets to Globe-'Wernieke Steel Trans?
fer Cases, stacked up in same formation as the
cabinets, as shown above. Then, the Upright
Cabinets or Active Files you have emptied ?re
ready for the current year's correspondence.
Thereafter each year you transfer the year-old cor?
respondence from cabinets to transfer cases and main?
tain in your cabinets letters covering; the current year
and the year previous.
In transferring, all the letters from each Cabinet file
are put in one transfer case, maintaining; the same
alphabetical arrangement.
Our book, "Filing and Finding Papers" explains this
system in detail. Ask for it?it's free.
DESKS. CHAIRS, SECTIONAL FILING CABINSTS, WOOD ANC STEEL, S
aLOBE SAFES. OFFICE SU?PLtES,SKCT10NAL HOOKCASES I
FILING BUSINESS PAPERS improperly is mostly due to
inexperience of file clerks. Investigate the STANDARD
SCHOOL OF FILING AND INDEXING at the above address
"safety
LIMITS"
* booklet interesting to taveatom who
25 t0 e'lmiisute an risk and obtain a
?"*w rate of interest, ?sic /?r B-t.
Lawyers Mortgage Co.
UN UWty 5t 134 MonUgue St., Bklyn
FINANCIAL MEETINGS
>J?K *NNXTAL :.
b."? (:f ;'!? Weileabourne Realty
??"y for the el.
*n?o:i;r y(,ar aRrj , . ... ?JUi.u
5.r basin?.?? ?ta mav <.-om< uefoi
o?! '"" v" ' ' ' h! t?? "r'-<''
iK^h*vy> at :,:: Broadway, Manhattan Bor
????'.. w V(',it City, mi We
mrr ?h. 1J?2, at 12:30 p. m.
H. F. PI ET'.
Ke.-1'ci ary.
FINANCIAL MEETINGS
THE AGAT?XE SHOK HOOK * EYE?
LET COMPANY.
? mual meeting ,,? the stockholders
Lga Ine Shoe Hooh & E: ilet ? om
tors fo
ear ajui tor such other baa neat
a? may properly come before >-?ii>l meet
will be held at the offtoe of the Com
: h ,\'??;-.? Room 208 in the
uhattan, City o? New fork,
?on Wudnoaday, January 11, 1922, a: 12
noon.
?- books will close January 4,
en Ja . '.OCX.
J HNSTON,
? ary,
NOTICE
20th, 1921.
? i^lrrtiun of Direc?
tor? of the Van
held a. Room 1120, :>?>. <68 Lexington Ave.,
N. V T. &?, FRIDAY, JANUARY
i.'t'Ii. IS-.'. an-J for action on any other
ness which m Ay properly com? before
. si.ua me
WM. E. TALCOTT. Secretary
Cotton Advances
In Quiet Market;
Rally at New High
Scarcity of Of?erinps and
Indications o? Impnno
mentiiiGoodsTradc' Help :
Gains of 19 to 17 Points
Although them was only a small vol?
ume of business in tho cotton market
yesterday, offering were scarce ?nd
price? made new .-... ground for the
movement, with March contracta sell
ing at 18.85c, or 50 points nei higher
That delivery closed at IS 82c, with the
Ke.neral market closing firm at a net
advance of 19 to 47 points.
Over holldaj report? fr< in thi
trade evidently made a i oi b
?Ion on sentiment, while Southern advl. ;
Indicated .> continued absence or spol
?ure, which tended to check Cresh
of ratures and left the markel
buying order?.
January notices were reported I -
circu?,it.on early ami probable causi
liquidation, as January wa? relatlvi
and lost all but :i or 4 points of U
rnlum ..vor March, but aeemi i
been taken up by trade interesta bel
the c o
Owing to the continuation of the ;
mas hoiida;, a there were no cabli ? ?
Liverpool Trade advice? wore
from Manchester, however, reporting
?ncreaaod Inquiry for goods toward tho end
of last week, and there were also
of a better demand for good? In
domestic markets. Sale? of prlnl
In F ;, ?? tor the week were entimo ed
at 235000 pieces ami Worth St!
un unexpectedly good demand.
Southern sp.h markets, an officially re
ported, were unchanged to 60 points higher
with a very small I
belt and only a mod?rai
Texas markets.
The local market for spot cotton was
steady and 40 points higher, at 19.20c; no
sales were reported!
The rans;" of prices:
Frl - .
Open, i' ?r?. '.? w - ?'??
Jan.. . 1 ?.59 18 90 18 53 1S.?
Peb . . - -
.Mar. . .
May. . . 18.06 15.33
June...-18.10
July.... 17.70 17.30 17.63
Aug.... ?. - -? ?7.67S ?- 17.-8
Sej t.. . 17.27 17.D7 17.:: 17." I ,
Oct.. . . 16.92 17.00 16.85 10.96
Southern Spot Markets
45 points hfgher .<? is.T.- H ...,
New Orlei . .
sales, 91 bales. Mobile nominal, un
i hanged, al 17c; salea,
? points high . ales, ! ' G
?orfolk i ady, BO points higher, a -
18.25c; sales, ! . . ??-.. a
point.s high
Memphis si i ady, 25 po ? her, at
sales 1,000 bales,
...a higher al 18.70
bales. Litl - Rock quiol. uni ha tig
-.8.2ic; sah s. 563 balei
pointa higher at 18.05i
Montgomery
: " ;.. k;i les. 20 bales.
40 points higher, at 18.66e; .
Cotton Statistics
Tester lay.
Tov, receipts 9,61H lfi.731
Exports .
Exports, season 2,Si 5 739 2,738
N. Y. stocks. . . 88,927 87 102 24.S3U
Port stocks
In; erior receipts 12,970
do shli menta 7,690
N, Y arrivals.. 5.266
Holiday i:?
Cottonseed Oil
F::-.a: prie ;s shi n
point*. The range of .
la: ?
en. inch. Low
Spot.
Dec .... 8.40 8.40 B 40 ' -
Jan. 8 10 '-. ; : 5 -
F-b ...-?
Sugar and Coffee
Kaw Sugar Future??The
Fi
Open. High
January. 2.00 2.01 -
March.... ... 2.08 2.08 : ?
i May'.'.'.'.".'.'.'.'.'.'.. 2.23 2 J >
! July.'.'.'.'.'.'.'.'.' 2.39 - 39 - -?? I
August. - -
September. 2.50 2.52 2.50
Coffee Futures?The range
Fri
?
; .lanuary. 3.70
?uary.- - ~ '?
: March. 8.85 8.83
. ?? ?
, May. - '
. 8.57 S
August. - " ? '
? p . mber. 8.62 8.62 8 55 - 5
her. -
Butter, Cheese, Eggs
Butter?Creamery, h. ?
'.- -a .-. I ? _? ? <?
firsts,
32 Va
u . ,. lowei gra les
ch??. 91 a; on .; > ?;< ? ??
?? -?.
ici ;
. ?
? ? ? ??
..,.? inest, I ooi
?
.,-....? ?..
?
c. Nu. .'. 25c; .-.- es, -- -
.4.-.
Cheese
-:.. la, 22Vi <S>2
- . i age run, i
twins, hi
c lals, 21 <r? y --. .: . ? age run
In double
? -1 Vic , singh
Voung Americas, .. '. '\ ii -?.-.
state skims, ?i u 17c.
Eggs?R tceipts were 11,66
? - . . pi ? ' . .
firsts, '?<? a 58c ;:
cliri ? regular pi
.. - 0i No. 2 anci poorer
.
vhites. 4 s
paid to
.; ? aj 18c; wii gg?
-
50c. brown a nd a .
38? 42c -. ? -?-.' ??...-? extra
fancy candled Bel. ?tions,
nearby Western h nm r
... '.
?
< xl ra first ?;,?','?...?
; ullei ? ggs gi'ad tl, s .
uuassorl ed,
extras, 7;; g 71..- ; extn
? ,
:?.?..'.
ered whites, 56 ??? 0 ic . m.?
1 henni
brown and mixed colo
uS?t>0c; iii-alH to extra firsts,
Potatoes- Maine,
lbs., $3.25?
IG5 lbs., S 1.2 ??' ?? ?
Island, hid.,
!.50 No .
ginia, sei !
hb!.. $4 'a '. 0 Bweets, VI
4 j- rsey, basket, ?! ? : :
and Mar; land,
Lb!., $3.50?4; anise, Louisiana bbl
,. ? - . . thoki .--.
?a. 7 b< a :-.-. Fl
i irnia groen,
bunches, ' ? Bermu la,
I ... ... Loni .'-. ?; :,, ;
.
b;-, 100 lbs., V ?
Livestock, Meats, Provisions
y. Bter la; T< a.- ago,
Beeves, fair to
prime, 100 lbs. .$6.50 <v ! "5 s; 0.00 )
D r ?? e ? e d beef,
lb.: 0 s 14 ?- ?' ,20
LiVD
mo-a to prime,
lbs. 9.904S
Dressed veal,
cuy, ib.14? .22 .IS? .26
Live awes, 100
lbe. 3.00? 5.00 3.50 0
Dn used mutton,
city, lb .07? .1 ;
Live lambs, fair to
prlmi
: : ssed i u m b s,
city, lb. IS? .28
H isra, 100 lbs.. ... 8.61
D r e a a a d hogs,
bacon, lb.13%?.14%
Pork, bbl. ....... 2 ?
Mesa bed, bbl. .. .12.00? 14.00 lti.OO-ji* is.00
Lard Middle
West, 100 lbs... 9.40? 3.50
New York Metal Market
In the New York Me'.ni Exchai
was quiet with Straits aid
menta quoted at 32.50(a?33.25c;
ard 32.50<a.33.l2 *t?c and 99% at 32.75c
asked. Copper quiet, standard spot.
December and January L3c asked and
electrolytic spot, December and
uary 13.37 & (a 14c. Lead quiet, New
York spot 4.75e asked ami Eas St.
Louis spot 4.42Ij2C asked.
New York spot ri.L?Jc and East S1
?pot 4.ST'fee asked.
H liai Tilings Cos?
Ce
liions are cash pri?es in prfntary market?.
Commodity and unit.
FOODS?
W heal (No. 2 harrll hit.
* ion (No. 2 yellow) l>u.
Unl-c (No. 2 while) bu.
'?'lour (spring pal.) I>l?l.
Href (family) Mil.
Phi U (mesa) bid.
So::iir (grrantilattd) lb.
Coffee (No. 7 Rio) lb.
Rult-r (creamery, first i lb.
1 \ggs ifrrsh, first) do/..
TEXTILE??
Cotton (midrllirur upland) lb.
l'Ont cloth (38-in. 84x601.
Kilk (raw, No. 1 Sin.) lb.
Wool {'fine ?Montana scoured) lb.
META.LS?
Steel billets (Pittslinrrthi ton...
Iron (No. ~ fdry., Pbiln.) ton...
Lead i --not > lb.
Copper (?pot) lb.
I'm (Straits i lb.
RUBBER, HIDES, ETC.?
Rubber (rib-smoke?) sheets) lb. .
Hides (ca1f:,kins, city) 9 to 12 lbs.
Crude oil (Pennsylvania).
Coal (furnace) ton.
i'esterday.
B
?
7.00
15.50
24.50
.05
,08 5- Mi
.52(p!.55
.192
7.80
.80 (g.90
29.00@32.00
!1.26
.0475
. I4
.20!
2.60
4.00
I3.?5
Previous
day.
7.00
15.30
24.60
)8
.09 5-18
,30?.41!/a
.32<@.55
.186
08 '?.,
7.80
.85?.90
29.CO'.
20.34@21.26
.048
.14
.32%
.20! .'a
2.60
4.00
13.05
'920 ran??.
Hi*h.
?3.B0
2.3ia4
1.80
(6 28
23.00
?',7.00
.23
.77
.39
? I '? '? 1
.26
17.45
2. CO
C5.00
53.50
.09' -,
.19'/s
? 65'/l
.54! 2
10.60
6.10
10.75
t.ow,
$1.70
.941 ;
.60
9.00
20.00
29.50
.OR
.06' ;
.51!
.42!
,07!
5.00
.30
43.OC
33.CO
.04'
.121
.32
'/a
.15'/
2.10
5.00
14.50
Reaction in Wheat
On Crop Forecasts
After Early Rally
Increase in Visible Supply
Also Tends to Depress
\alues:; Close Is Heavy:
Selling Sends Corn OiT
AGO, Deo, 27. ? Announcement
of an inc . the visibl ? supply of
wheat, win pi ecr e had 1 een
looked " ? ' on the
t to-i
1 . i the goven
'i he close was
ni lower, with
May ind July $1.04% to
?:' ,04 % i orn lo I ' i c lc, and oats
varied from
2 Vie
'it first l
wheat market
-? hea .i iv;
flour ?emai i ling oft
In
?
a lt v
... y fins
?
crop as being considerably largar than
relimlna 11,000,000
- ich ' .' devoted to wheth?
er the report would upset bullish conten
luniry'a exportable Bur?
ra l>.I .? v?i.-i n?: i .1
Corn, like wheat, uijh depressed by a
si ? Inen ase of ? ; tibie sup] ?:
urea. ? in t ha ol hei lia ? sre held
:,' sti ady i ? decrease,
averag d a little higher,
? by an upturn In the value of h.it-.s.
T-ar
ago.
Grain Prices
Wheat
Yest-rduy's Previo ta
New Torlt: close. close.
hard . $1.25'i s: :
Chicago?Range of prices;
i
Open. High. Low. Close, cloao.
l'?r. !.*, * . : ; ; . !. !'.: t.12 l.ltlfi
. 1.17% 1.18 J.l'?'ji '..i''1* 1.17 ?i
. 1.05% 1.Or? [/? 1-04 ';? 1.01% I 05 ,
Corn
Teaterdo,y'a
N'riv Torls . close.
"?
.-'- ?.
, |
. ,56'.i
Previous
close.
$0 68 !4
.49 '?a
Outs
Yesterday's
NVw Tork : cloa ?.
... ?_? white . 5
.
P ??? loua
.??ose.
I
Kfe
Tester ?a..- a Pi svlous *t*>ar
N^t.- Tori i li )e close. ago.
? 10*54 i' I0"? "?1.30 \i?
JFlour and "Viral
is Tear
ciofi?. ago.
', ? w '
| ? .>..... 10 $9
....
Rj . 6.36 I ! . I 5.26<? ?...') S.f.O ** 8.80
Miscellaneous Markets
PiiDlic Utility Secnritle?
Vslt
73
Pwr J Vj
lo pi \?,
?'? CP R & :
.
? -
A ? .-? . i E T?
?
? '
do S?
I
?
'?'-?'?
?
' I :' ?:
G
Ci
70
Wsl Pw. 20 " !
Miscellaneous Stock?
A ?>t
-
do pf.. . . '
?
A --! & F..12
?\ n Til
' 4.1 50
? ?
?
.
. i -
. . . 88 '-o
en's 96 60 - :
. ? ?? IS '
? ?
270
r pf. '70 so -::?;
Steel nv.d Ordnance Stork?
Ask) Bid iLsk
E -
?!....., |
i.i. .-. \\ 101
: ' - p. o
15 SO
. 0
lu Pot 15
20
Bonds
? - ? ? ? .
? A P & L 6s 85
: 84 ?' ."
? ?2
f. i
New York Bank Stocks
Bio * Bid a e I
: s
...225 Garl ; 230
-
425 ?
?
Bryani I H i 176 &
-..-,'.. - c
Butch S
i
. . .: ,v - 10 250
I ?
?
N B A.. -,50 475
.
100
; " ?:. :
... . -, ?: : s oard
?
:?
170
Bast II. . I
.. ; :
?
'.:? ompanies
: . ?
v ' ; ? : 16 :- ? - . .. . X0 10
..?80 290
!.. 160 180
Fid & Ph ??
lin .... 75 ....
I
?
Trust .nul
Bl i
T Aille: '...
-
Il
?
? ?
rs Tv.. ..110
?
Sur :tj Companies
Asie,
? ?
u retry,
- \. & T. .
?
?
'
i ;
r ' w & R & m
IM
A Sr!
200
?
:
f.. 1DOO
. : ..112
!hes :
0
?
124
Standard Oil Companies
114
?S il l ' .
E O K -
3 O Ky .4
; ??o pi
Swan & .
W ?h? i
?Par
106
16 ?:
-
17
;. i
? :.i20
i L 27
Lu.".
Eure Pp L 80
awioo
do pi ??
?
,.: 16*44
0
?
I
Miscellaneous
i ; (.'.nos.
...
?BrAmi
HmbOi
' p < ' I.t 10?
Muga, Ec l.i 60
:
146
369
. ' i
l'?
on ' ompatties
i
12
107
1S3
i i
_*f^*f|
Mldw RI
?
i
: u .. -
wat o & ;. ?o
?i'-ar i!1)
,
a '.-s
40
Su?rar Stocks
Hid Bid. A.-.ke.
i er.... 1 ' pf
.: . ? ) 20
l
C A.gulri-6. 07 00 lur 126
?"V M , ; ,-... ,??.;. ??..
?OH 15 53
Chemical Stocks
'
n... 12 16 Ky So i
." M . 60
i . Me. . ; ;
?Me
???:?:-. ??:. :.-'.
140 ' *
Tobacr > Stocks
G W ' Hel. .165 175 PU *? T 65 70
H l'nvral Lt.130 13S
.; s Voung ? : ' ' '??. ? : I?.. 167 ?
?do p?
... ?dend,
Lcrt.iricates of Indebtedness and United
States Treasury Note*
Month. P. Ct. Y-nr. Fir;.
100W 1001
' March ? ? I00?
. . '
... IV4 ! ??? -
Juno ... I % ? ' lOOi
I.on
.
122 100 : 00 I
i tern bo i .
??) 100 s? ?-....
1H24 : v, ? :
121*, 1.67
?Accept?t Fed rai taxe?
te dates of maturity.
New York City Bond?
For-:-., rate, maturity. Bid. Ask. Yield
..103*4 104 % ? 9
. I . 10 4ij
do ? ? ? , ? -i. :???
? - ? : .. ..103 ?4 104'<i 1.28
i? 1 . '?: -, DO 4 10
. '? : \ ' ??
?.?-.?? ? : , :? 1 4.30
- . 1.30
i
4.27
4.27
?
1936 . ' '?. 36
? 4 !
Coup -i '-.a. 19154 B4 ?6 4.30
Reg '"?--?. tc_ 84 3? 4.30
< 50 4.30
4 "0 4.40 -
' :?,
' serial : 4',4s,
'.' ! inc. 4.75 4.35 ->
New York State Honda
-
.... . .._ -'
-_
14-1070 1. in ? -
. '.. :. 1 ??? ? . : : 10
112 3. HO
10
? '? . 17 ?4 3 90
. ?
. Is 1)67 lOfl 102 :: HO
-, s. . '
In
.
I
I
federal and Joint Stock Land Bank
Bond?
Federa F n 5s,
; ?? 10 ?*; 101 v? -
F?'.?- ., .. 5s,
? .
1- . .
!?"?? lerai Farn ,oau ; i
' - .
Fedi ..
?' -? \
ar.d
- ? -i i
? i ' ,and
?.12
'.'b a _ ? Land
... 4
Short Term Securities
tsked. Vie:.!.
Am I ...
I Vi 5 ' ?
100 6.00
.
roba
7 ? ?.
- <
.
i,
10%
100
'? l; ' . ;- 100 .00
J
?
01 ?
- ..
. ?
1923.1 . - - ? ? ??
a
? I
\ ?? A ?'? I?
- : j 103 7 .:;.
?Mi 103 ? "12
, ? ,' 02
? , too
-. ! 7 ?-i
- . : - .. I 30
?? . '. . 6.77
!.:<.< Gas L ist * ref :*. 2:* "7to ?8 -?
Pro. ter & Gam 1
do 7s, 192 '
Pub ftbr N 7 I 90 ? ? 90
!.!!!.;.?
Sean ': el
fa, 19221 ....
. -.
?
.. - -
- ?
Swifl & Co ? '
du 7a, XSSll ..;;-.?
The Texas Co 7?. 132
tTfah Securitiea Ss, i.'.Z.. jg 96% 1.0.80 ?
HI ,?. : i ??! .XQi'i 106%?, 6 2?
Ww* Bleo conv '.'?. 18*6,103*? l?^1?* ????
!..
6x/2% with Straus Safety
A NEW issue of 6V2% first mortgage serial reai estate bonds,
safeguarded under the Straus Plan and conforming to ali
Straus standards of safety, affords an exceptional opportunity
to investors.
The property securing the bonds is
located on one of the best uptown corners
of Broadway, New York City.
The interest yield, 6 72%, is in excess o(
the ruling rate on the highest grade of New
York City realty mortgages, such as this.
Denominations, $1,000, $500 and $100.
We invite inquiries and suggest prompt action, as these bonds
are being rapidly disposed of. Call and discuss this issue with
one of our officers, or write today for
BOOKLET B-750
S. W STRAUS <Sc CO.
INCORPORATED ?* OFFICES IN FIFTEEN PRINCIPAL CITIES *? ESTABLISHED l88l
STRAUS BUILDING-565 Fifth Avenue?at 46th Street
Telephone?Vanderbiit 8500
THIRTY-NINE YEARS WITHOUT LOSS TO ANY INVESTOR
Copyrisht 18C1, by S. W. Straus ?; Oj.
?
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Reorganization of
Chicago and Eastern Illinois Railroad Company
To Holders of Certificates of Deposit issued by
UNITED STATES MORTGAGE AND TRUST COMPANY, or FIRST TRUST &
SAVINGS BANK, of Chicago, by
THE FARMERS' LOAN AND TRUST COMPANY, and by
GUARANTY TRUST COMPANY OF NEW YORK,
representing Bonds of the following issues deposited under or subject to the P?an and
Agreement of Reorganization, dated March 31, 1921:
( 1 ) Chicago & Eastern Illinois General Consolidated and First Mortgage 59c, due 1937,
(2) Evansville & Terre Haute First General Mortgage 5%, due 1942.
(3) Evansville & Terre Haute Mt. Vernon Branch Mortgage 6%, due 1923,
(4) Evansville & Terre Haute SuHivan County Coal Branch Mortgage 5%, due 1920,
(5) Chicago & Eastern Illinois Refunding and Improvement Mortgage 4?^, due 1955,
(6) Evansville & Terre Haute Refunding Mortgage 59c. due 1941;
To Holders of undeposited Bonds of any of the issues above mentioned:
To Holders of Certificates of Deposits issued bv THE EQUITABLE TRUST COMPANY OF
NEW YORK representing PREFERRED OR COMMON STOCK o< the Chicago and
Eastern Illinois Railroad Company, be.-ring notation of payment in full, of the assessment
provided for in the Plan and Agreement fcr the RearmanIzation of the Chicago and
Eastern Illinois Railroad Company dated March 3!, 1921;
The General Mortgage Five Per Cent. Gold Bonds in denominations of $1,000, $500
and $100 and Preferred and Common Stock Certificates of Chicago and Eastern Illinois
Railway Company, the New Company organized under the laws of Illinois to carry out the
Plan and Agreement of Reorganization, together with the cash payments specified in the
Plan, will be ready for distribution on and after December 27. 1921.
Holders of Certificates of Deposit for the bonds and stock above
to obtain the new securities and the cash to which thev are respectively entitled, rr
surrender their Certificates of Deposit to THE DEPOSITARY WHICH
SAME. Certificates of Deposit so surrendered, unless in bearer form, must be accompa
by properly executed transfers thereof in blank; signatures to transfers must be guaran
by a bank or trust company having a New York City correspondent or by a firm, mem
of the New York Stock Exchange. In the case of Certificates of De liefe
that advances have been made on the same for interest, the Depositary which issued such
Certificate will deduct such advances with interest out of the cash payable un
in respect of such Certificate so far as such cash is sufficient. Any balance of such advances
not repaid out of such cash and all amounts, with interest, advanced to holders of Certifi?
cates of Deposit which are net entitled to cash under the Plan must be repaid by the holders
of such Certificates before receiving cash or securities under the Plan in respect of sucn
Certificates.
Holders of Certificates of Deposit who are entitled under the Plan to receive cash pay?
ments and or stock of the New Company must in every case designate the names in which
the checks of the respective Depositaries and or the Certificates of the new Preferred
and Common Stock may be issued.
The new General Mortgage Bonds to be issued to holders of Certificates of Deposit
representing bends of the above mentioned issues will bear the coupon for interest
November 1, 1921. This coupon will be payable at the office of the U
and Trust Company in the usual manner. The new General Mortgage Bonds to be issued to
holders of Certificates of Deposit of The Equitable Trust Company of New York represes
Preferred or Common Stock or the Old Company will not carry the coupon fc-r ir?teresl
November 1, 1921, such coupon being detached and cancelled before delivery, the amount o:
the same being equal to the adjustment of interest payable on deferred payments in ac
anee with the terms of the Plan.
For all fractional amounts in bonds and stock, bearer scrip certificates of the New Com?
pany will be delivered.
Holders of undeposited bonds of any of the issues above mentioned may until January
10, 1922, make deposits under the Plan and Agreement of Reorganization.
Holders or Certificates of Deposit issued by the Equitable Trust Company of New York
representing Preferred and Common Stock of the Old Company which do *ot bear the
notation of payment in full of the assessment provided iot in the Plan and holders of un?
deposited Preferred and Common Stock of the Old Company will be given a further oppor?
tunity, BUT ONLY UNTIL JANUARY 10,1922, to participate in the Plan on the terms stated
in the Plan, upon payment of interest on such assessment at the rate of five per cent. < 5-rc |
per annum adjusted to date of payment.
Securities delivered will be in temporary form exchangeable for definitive securities
when prepared and ready for delivery.
Dated. New York, N. Y., December 21, 1921.
4
Kuhn, Loeb & Co.
Reorganization Managers

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New-York tribune. [volume], December 28, 1921, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924