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Safe Investment WHtnt <-r~ W ' - 4 Zaare^ ?- - " ' V' *fla^-ae?? arai 888*1 cTRAl-5 PPVDt " " ,. .*?'*? ae, *?'' aaaa. gaaaaa ? " ' L-sTR \l s & CO. <. ,.\ve-al4 - |0*yaari Brl*l?0?l ,CM ro anv M^eaaoe BJBBJ BONT)> l"OR INAKSr.MKM CALLAWAY FISH&CQ Jhatar. "> U Saal ?*xAan-a )7 WALL STBEET *4||V NORK Jritirr & TBrjitrly *Ja?aMiah?I li:8. StandarrJ Raiiroad Inveitment Bonds Iritrr-rrt \r? Verlf Sfotk Exchange 52 Brtudwey New York Lpio.: I iith A?a. Intern'I Great Northern] 30 Year lat 6i 1952 Intera'l Great Northern ? 30 Year Adj. 6., 1952 j Intern'I Great Northern Common Stnck r\hm, c$ and ti it$u<d Bough t?Sold?Quotcd Wm. C. Orton & Co. MWallJl S Y. Tel. Hincver 9190-969? Winslow, Lanier & Co. 59 CEDAR STREET NIEW YORK il vr .i ia:? ? ? M..4. " s> I *?._.. Jl Nr ie*h. || l II . IIM ". '?'??? II?*-*, ati MM. ?? We beg to announce that GIORGE N. HERSEY retire*. Eron our ftrm uriej-r dale of May 3). 1922. Sainc.^rbbcr & Co. 18 Broa?l Sl Naw York Day*s Dfallingt in Bourls Thr Markrt ? 1 I arai 1 of all for?ign j - *i< itei Thr _- . ? ? was app.'?- ? ? t-a, *,b> ? ?d outiook of . t with 'rading wa, ani] ly BCt'X* | .'-erai lon. waa ' ?-u?d ,tr*ngth of Ubf/rtiee, Bll etrept rej'..*-*r1 iBItjei II a* par ei i na 'n .' ? ? ?rtlnn? f M?? > ' ? > . MS 1 |* 11 . Il M ?? - ? H 41 ? ' I 4 * ' . I lll Railwav iirwl < Itlirr ( 4?rpi>ralion? ? ,. r 4 nn, , r. - 1 ? II , ?4 i, " I s > I I - ? Il -. ' 4. ?, *' -i o ? :? ta Ti- i0 S*. I'au. r?? II 71 O ? ? i ? - ; ?'' "1 9 i an .. ? ? *. a ? ? D of ? ? I. 81 fl Forrlgn <.n\t. and Moniripal Bonda (Intereat to be added) Ar??r- -? ' -7* '. - IB. 194 ? i - 11 ? ? ? l ? II ? ? and. ?a reta ? l ' " I ?. 1941 li | I 144 1 (Balea) 1 14 i ? -. " H t * 1 ?? ? i i'.?S . ui ' ? 4> " ? . ? ? '. ? 4 fj i ? - 1 ? U * BI P . y.- p ' < m 1 . 1* ? 1 ? ? ? ? ' *? nejr. Rep ?? U?*8 J < ' . ? 4 , ' ? ' I N'lll I ? 4* I ' "" ? ' , . 1 1 . ? '. - ? s - .4 4IS 1 II , | Par-1 ^ru-M ? ? . - ' I ?- . ? ^ ? ' ' I I ? 41 1 ? 4 ? ? Va la - '. I f ?? > ?; ?fe 4-?b : 14 : ? i ?, ' ' ? - ' I P?r .x -, ? 1 4 i' r la !*?) II r< la 1X11 II v 1 Il ? ". ?"~ ' - M ? 'x , ? 4 ? -1 1 < ? . 1 1 ? II 1 ? ? I '4 1 41 '? ? H lfliv, 1 n ? - ?_? 4. . ' '. ' j ' ? ? - '. ?. ? .n 4a 4H. ? 1 ? 1 ' ? ? 1 -ur 774, -nl , f Ta ' . . 1 '. i ! ' t ~ " l*."N ? 1 t ? I ? I .. - r.n a I* . - 1.0 r* j ' ? - iai?4 . l"l?? . 1 I94* 10 ? ?i . t ... ? 111 ? ? . I4B 1971 ? . 1811 I ""-? M A 0 ? '. ?. -- 4 ? 1* " ' * S ' - ? all . .. . ? ? ?'-.? -. - ?--?-'. II .4 ' - ' ? - ? . rary at.mp.o' II - - '. r ? ?'. s r n ??s j.jl, nuff rt * r . :?4.* _. -4. -r_. D. nt 4?b ?? I ? ,x iaij ? I -Wlf d?B 4a ..'. ? re ? k XV . fl - ' I 4 ? - v > ? II 814, 115 11 s 4 ' ? > n a - r? - ' I I . ? ? ? M ? ? 4 ? ' -, ? ' 4 ?1 ? - ? ' ? ' . '. - P?o 4 E . tl 2 1" i 4, 1811 2 1 l? 4 t>, 1*11 e?n I>*'h te 1?JI 11 1 74 lllj am 12 , rf| l 1 18 , 21 . 4X4, 4- '? ? ? . U Int Ar "x t*mr Int * .4 eti ?? " Int V 1841 ?*. 1 ??? ?4 I ? '... 4 t > t'T T4 1911 . rffl ' I . .? " 8 I '4T R\B '**. , ita' 11 " . 1 . t. a " ? y.w T.rt I T 1. A 181 1> 4. N E ? | ' 41 ? ? M*i J ? : ? ? 11 II - .. . ? i? Pro*, A : 1?4 ? r jb B?i la l?lt T ? I T, 191" 1 : 1 1 I C f ? 2 . ? 10 I : : : ? 1 '>-? ?. r A-a a \. ? - ? 114 1 II ? . 4 ' ' $8,000,000 Sutter Basin Company Land Mortgage Fiftecn-Ycar Sinking Fund 6% Gold Bonds DatenJ Junf. 1, 1922 Pue, Auajuat 1, 1917 - !''*>"ia'Y 1 a*?1 Arrf ' ' S' *****?, %%QA and t'nft ?a.'rar. Total antJvmaatl itaua %A,f ? PRINC1PAL INTEREST AND SfNltfJG 1 IINiA GUARANTEED BY J. OGDEN ARMOUR I ...... appr-vr I a' r.A? I V.irnni r D| -. rOR NOR*AI ' ! i/r-RAJ. ivrnMF. TAX /IF'T FROI #?: RTY TAX IN CALIFOR' f on w!l h>e m?la r>. lia* ll,a,a Bondu on lha Chtr^mOpWnrh l.trhan*ja and on tl f'.-.k anrl FVonH^iflja'nanjre. excess of r; V> ?/ *MB rn"*4- rr| 1f TKI r eVagfl-a^aMTTNC.S RANK, CHTCAOO. TRIJVTFF "fB'P, }\ i.Al.ll ORNiXnaimvM. AS.on^TION. SAN FRAlNCKCO, COTRUSTEE. t ? ? -rller fiaifn Cnmpanv, tne strnttnartze ta fnllnirt nJF :"*d unrler the> laws nf California. nwns .S4.20*, yr C8 of tho rvirramento Hivors, Of tho nbove acroa-je 44.872 arroa he wrthin the ? I i ? ?iinsr, 9,336 acr***} ho within Suttor By-Pasa. ? ' hy Sr . ? oomi *aal Act of I^gisLituro and corrtajna within it*i . moii in arrordanc*' with tho K-riera] ird by tho Sta*o of Cahfomta. SECURP'Y: Tr I Ali : ' ' ? I 1 \ AS: rrict N th'- Corr.pany. |aet only to a-iaeasments for recjatrj** of 54.208 acres. for reloasiriR purpoae* nnder the; Trnst Daed, ? r Ristn Company adopted a land ? aJroudy ontorod into f all lands covored hy tho ^aaTTex-larnation. Thor- will aJso ho t Company, which owm ap ' ihrreto. ? PlU-']YrTm*ajijJJSSUE ! of th SINKING FUND: ? ma ->.ition ptirposes, which cr<nstmito prior mpany's lhara amounts to approximately nds niatunng senally from 1930 to on the land on April 25, 1922 and rv\U m a!l probability wr.nn tho m-? ? nts rn.iv ho 1-rvu.d from timo to vm<\ bol rnia statutes. There hto no ass**ssni4?nts Boad to provil il Gold Bonds now ?-*..w^ tgaga will nrovide . fur.d in . hy matuntv tt tho . aatee to rotire :nto the sinlcing k:nd. Payments to the suiking funda to rede-Mn an iasue of Sr?*tor dinfi and to pay other ijYif*Medneee tho release of lands basied npon a L*si of 150rr of the bonded debt. of tho proceods of land sold. ard te of $400,000 por annum be-jrtn s out of proceoda of land ?4aJes fcn of tl ny, ta cash or in bonds ftt par PRICE 97 A1D INTEREST, Y1ELDING OVER 6.30% ,' r Ixkj,:! tnh-ttxgnaMe /ar the ptrmanenl hoode eftheC* . ?-. p-iutd upon k<j Mtuo. .Vfjjar, Ste^u. AtoOtctt <S? Pioti. Continental and Commercial Trust and Savings Bank Halsey, Stuart & Co. l*n4*TXjr?U*d Chicago New Yorlc / Blyth, Witter & Co. New York Chicago San FrMckco ? ?Ne*eal .??-?* rv ' ? rr r? ,-4 apoa ra Wraatlnr, wWah t-ae bclWa to ba -a-^t. .^ rtfabla. ? ? ? - ? ? - P.iri* M TARIS. Mav I The dollar wai ? lotulnii Marki i I ? fhort aa ? Victo Called for R fore, ceata on 4% Notes tion June 15, 1922 tllad attention to the fact that redempuon, and that inferest unced in^fFebntaty, the Treas-iry is^flafnai^d tn redeem ccrued intcrcst at anv time before^rat dat ^* ? V - I tetl reporta. recetved from the #ederal Reservt \v futoUndinp about .c. 0,000 of jplcse nntrs. We place the aervicea of our ioni-and our thirty yeara* e%yjg*Wf\ ce in tl ndXn*T of higfi gra.de iiiveatmenta at tl e wiahing to reinveat funfla he&e notea and other afllbrt \itd lAii nf scnt on req I al Bnndx IrJSjni \A/illiarn R.^nripJ|on (bmpany lTxv*>Btm*>nt Bonda 14 Wall Street, New York St. Lnuis Cintinnati Chicago New Orleana Prudence- Bonds Thc Prudf nce Company, Inc. THE iNATIONAL PARK BANK 43P TWXV YOKK