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The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920, February 10, 1920, Image 13

Image and text provided by The New York Public Library, Astor, Lenox and Tilden Foundation

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030273/1920-02-10/ed-1/seq-13/

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MliV HW Hp ,Jl 1,11 'M
THE SUN " AN. NEW YORK HERALD OTESDAY FEBRUARY 10. 1020,
4 13
ill
f
'lit
The Basis of
Sound Prosperi
of anv industrial corDora&ri
depends on a broad a:
liable markt for its iwUI
factored products, e.
m production that carnain-
tain under all confiaiii,&
satisfactory operatic ratio,
and a distributinc TganiZa'
tion which insures ontinucd
sales.
Write for Circula'No. B X
75, which descriw a Firrt
Preferred Stoc yielding
7. 1 5 of a corpejition whose
prosperity seer assured.
A.B.Leac$Co.,Iiic.
I meatmen Securities
62 Cedar Stack, New York
Chicago nostra Buffalo Cleveland
Philadelphia MJiespolls Ualtlniore
ANNOUNCE PLAN OF
ARMOUR LEATHER
Company to Operate Branch of
Packers' Bnsiness to Have
$4O,000,Q00 Capital.
TO SEW, STOCK IN BLOCKS
Corporation "Will Issue 100,000
Founders' Shares Bights
for Old Shareholders.
WE3FFER
foreign Securities
l of tb: following
Cities
French h
Frenches
Belgians
Britisr4s
British 5s
talia? 5s
'Gerrn 4s
Governments
City of
Berlin is
City of
Hamburg 4s
City of
Frankfort 4s
City of
j Dresden 4s
IfU
1 It prrsent prlcta the abate
. ttlirltlfs appear ty at-
trltha.
In improvement In the
(fii'Un exchango market
ulil result In a substan-
n(i ptont In these lisues.
flif DETAILS UPON REQUEST,
if son, Son & Co.
ilJJbers New Yo?k Stock Exchange
Broadway, New York
jjosR Island, Ark. &
Lcuisiana
j: FIRST 4&s, 1934
i These bonds are now
: selling n the New York
i . Exchanje between bl
t and 6Sl Yie'.d at this
S level aiout 9.30.
We fcl that they pre
sent a splendid invest
j nient tpportunity at any
: i;ure uider 70.
MkG'dersExecutedat Market
Garstairs & Co.
! McmtieriPhlladelphU and
Next Yoij Stock Exchanges
71 Bnidway, N. Y.
14$ Walnu Street, Phila., Pa.
: lor Cash
Any lumber of shares
On Para! Payment Plan
" Any n-jnber of shares, mini
num 5 shares.
)n Margin
" Aiynumber of shares, aini
mum 10 shares.
John Muir & Q.
IcvMrs Ncd York Stock Exchxift
61 Broadway
New York
Cercplt attalls or the plan for the
formation of the Armour Leather Com
pany to take over and operate all of
Armour & Co.'s leather ana tanning h
texests were given out yesterday. The
new company's capuilration will con
sist of 125,000.000 7 per cent, cumulative
weferrea stock, of whlth iin.ooo.nnn
will ce Issued Immediately, $15,000,000
of common 6toek of f 15 par value, all of
which la to bo Usued, ana 100,000 founa
, era' sliares of no par value. .
Th- leather company's stock will be
I offered to Armour & Co.'s preferred
shareholders and the Investing public In
i bloclw of a share of proforred and seven
.share of common for $200 a blocs,
equivalent to JPS a share for the 7 per
I cent preferred and $13 a shir or par for
each of the seven shirts of common. Pres
enj preferred shareholders of Armour &
i Co. will be given the right to subscribe
to a block for every five shares of pre
ferred stock held. The holder of 100
I shares of Armour & Co. preferred, there
I tore, will be entitled to subscribe for
twenty shares of the Armour Leather
preferred and H0 shares of Armour
Leather common. Ths same opportunity
for subscription will be offered to the
public. It wis stated. The only limit
placed on public subscription is the pro
vision that all preferred stockholders of
Armour & Co. will be allotted full delivery
on their subscriptions before public sub
scriptions will b received. The risht to
subscribe to the new stock will expire bn
February 25. '
The connection between Armour & Co.
and the Armour Leather 'Comjftny, It
was explained, will be maintained
through the 100.000 shares of founders'
stock for which Armour & Co. will pay
$5 a share. Through that arrangement. It
was said, the present Armour & Co.
assets wilt not be Impaired ana Armour
& Co. will havs a rtyinnclal Interest In
making th leathor company's operations
siicrtssrtil. The founders' share win
not not participate In profits for 1920 If
the balance available for dividends shall
be leas than $4,000,000. In 1921, if the
earnings be less than $4,000,000, the
total dividends that may bo paid on the'
founders' stock then outstanding shall
not aggregate mora than SO rr cent,
of the total attount paid In dlvldsnds on
the common stick. For 1?22, If earning
be less than $4,000,000, tha founders'
stock shall not receive more, than' 75 per
cent, of the total amount paid In divi
dends on the common Mock. "With earn
ing of $4,000,000 or better the -founders'
stock will receive n aggregate amount
of dividends equal to that paid on 'the
common chares, those iUvldend to so
Into the surplus of Armour & Co. Tne
founder shares will .have ten votes
each, making the voting porter equal to
that of the common, of which 1,000,000
shares are to be issued, each share hav
ing a vote.
The profits -of the properties included
in the Armour leather Company during
the four fiscal years of 1910, 1917, 191S
and 1919, according to yesterday's state
ment, after deductions tor Income and
excess profits taxes, were $4,472,701 In
1916, $2,565,188 In 1917, $3,707,145 in
191S and $6,195,S24 In 1919. Based on
1919 earnings, the balance available for
dividends on common and founders'
share was equivalent, after the deduc
tion of preferred dividends, to 18 J per
rent on the common after proviSmg an
equal agregato amount on the foun
ders' stock. The average for tho last
four years. It was said, woulfl be 12.6
per cent, on the common oa the tame
basis.
Tho properties controlled by the com
pany include the Badger State Tanning
Company of Wisconsin, Cappon &
Bertsch Leather Company of Michigan,
Kmnlro Tannim Companv of New York,
J. K. 'Mosser & Co. of Pennsylvania. J.
K Mosser Company of West Virginia,
Sylva Tannine Company of Delaware, a
cut sole factory and various sales stores
and nearly 70 per cent, of the common
stock of he Eastern Leather Company,
which In turn owns various subsidiaries.
The officers and directors will be prln
clDallv those enRated In tie operation
of th subsidiary companies since their
organisation it wan announced, jtrans
G. Allen will be rhalrman, Henry W.
Boyd president and M. C. Welfnar. F. C.
Vyn der Helde, M. P. Brennan, Phillip
L. Reed, F. W. Croll, R. J. Dunham and
F Edsbn White., directors
Shipping Board Sells Vessels.
Washington', Feb. 9. Sale of twelve
cargo steamships aggregating 93,000
deadweight tons, tor $.169,0 during
h u-Mir pnstn February 7. was an
nounced tO;day by tha Shipping Board.
Four Of the vessels were rormer uerman
shins the Feciuot. Appeles, Monticello
and Montpeller.
NEW YORK STOCK EXCHANGE PRICES.
fjontinued Jrom Preceding Page.
Bid. ! A.k.
IOlT.1
Mali Saw.
1
7
2SU
3U
30
S6H
S4
114
8
73
7BH
106
5
100
61
54
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8
40
37
57 y
86V4
116
74
78U
109
5H
14
102
67
70 I
39
55
Open-
ia?.
2oH! 26
tiiLLWIG & REUTTER
.fcmtm oj Aw York Slock Exchanit
INVESTMENT
SECURITIES
r read Street, New Yoii
I lutflionc BroaJ 6230
16
10
91
67
lit'
48
S
7
110
81
41H
70
si y
80H
7S
39i
41 H
23
40
.tt!4
27
5
17H
91
18
92
112
83
91
130
19
70
7C
47
107
101
100
17!
24
12U
71
10
7
79V4
37
70
94
20
53
67
91
101
116
43
10
17S
myif
l CLEWS & CO.
1U P. IS. 17 4: 10 11EOAD ST.
c14 fived subject to cheque
Jwk Bwid Note Issues of
rtaa & Industrial Companies
EoOght and Sold
Fcmsa-ative advances made
v, thereon.
" f Dealers in
STY BONDS
Omces-350 TXtttl Ate.
"Tlia Ave.. 10 Court St., Brooklyn.
Arner Lt. & Traction
! r i7irinlA prejvrti
Cities Sorvico
F.McConnell&Co.
ilsS?." iY- Mock Exchange
74
96
22
55
171
106
29
117
C6
45
50
179
24
73V4
15
' 59 .
aatf
45.
104
112
66
45
100
110
! 72
4J
63
103
1 7
22
9
85
109
50
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17
55
26
87
68
125
si
174
12
92
71
75
60
44
8
7
127
31
41
71
52
81
79
41
41
25
41
23
37
59
IS
Si
57
2Sj
18
93
113
83
92
107
20
70
55
78
49
107
103
100
17
26
12
72
16
7
11
80H
37
71
94
20
54
63
91
3.H
7
7
6
t
1
10
5
2
4
7
5
4
50c
200jMinneapolls & St L new.
600 Missouri. Kan & Tex....
2700rMlssourl Pacific
300'Mlssourl Pacific pf
iuu '.National Acme Co
est.
I Low
! eat. I
CM'
tf.
Set
11
s
23
40
36
200
100
500
1100
600
126
45
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179
32
12
75
102
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178
115
20
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66
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132
24
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53
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104
113
67
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111
73
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64
108
85
8
32
10
86
113
51
11
18
56
26
88
72
136
83
7
5.20
National Biscuit Co pf
.National conduit & Casio
National En & stamp...
(National Lead Co
200 National L & Co
100 Nat R It of Mex 2a pf...
700tNevada Con Copper. . . . . .
400New Tork Air Brake.,..
2200lNew Tork Central.......
1-00'N Y. Chi & St L 1st pf..
600New Vork Dock
100 New Vork Dock pf
2S00I.W.W York. XHtH....
lOOjNew York. Ont & West..
500 Norfolk Southern
300,Norfolk & Western
100 Norfolk A Western pf..
2J00INonhern Pacific
100 Nova Scotia S & C
4700 Ohio Cities Gas
6800 Okahoma Prod A Ref . . .
200 Ontario Silver Mining. . .
100'Otls Elevator
1000 Otis Steel '
300IOwens Bottle Co
lOO'Paclnc Development ....
SOo;PacIf!c Gas & Electric...
lOOOOiPan-Am Petrol AT
SOO'Pan-Am Petrol &,T B..
200 Parrish & Blnchatn
ISOOIPennsylvania R R
400Penn Seaboard Steel
3200' People's Gas, Chic
7S00;Pers Marqus'.tf
1400Phl!ad?lph)a C ..;
lSSCfi'Plerce -Arrow- Motor
"2300 Pierce Oil Corp
SOOiplerc Oil Corp pf
SOO'Pittsbura Coal of Pk
lOOO; Pittsburg & West Va.
400iPonJ Creole Coal
1100) Pressed Stesl Car....
200'Pullman Co.
2000:
60Q,
100
1200
4200
11
1
74C
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4
7
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1700iNatlon41 Aniline fc Chem. 57
national An a cnem pi.. s
115
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73
78
103
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67
55
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23
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IPunta, Alligra Sugar....
Railway Steel Spring....
Railway St Spring- pf
Ray Consol Cop
I.VUli.CWIllb ....... ....a....
200iReadlng 2d pf
400'Rmln3ton Typawrltor..
900 Republic Jlotor Truck...
312001 Republic. Irori & Steel..'.
200 Republic Iron & Ste41 pf.
6000!Rcyal Dutch Co N Y...
2700-St Louis & San Fran....
200 St Louis & san 1 ran pt
100 SC Louis Southwestern.,
93 91 il
56' 53Vi 56
26 ' 24 25
18 15 18
' 91
300
3200
S30
500
i900
34400
609
12400'!
Savage Arms Corp.
Saxon Motor
Seaboard Air Wn ,.
Shattuck Ariz Copper....
Shell Trans & Trading...
Sinclair Consol Oil..
SloiS-Sheffield S & I
Southern Pacific
if.OO, Southern Railway....
200 Soutliern Railway pf..
Sd Strorriberg Carburetor,
40700 Studebakcr Corp ,
50 Siudebaker Ccp pf...
900 Stutt Motor
100 Suparlor. Stool Corp...
1500 Tenn Cop & Chom....
5100Txas Co ...
900 Texas Co 30 p c paid..
1600 Texas & Pacific.
300!Th!rd Avenua
3300 Tobacco Products
100 Tobacco Products pt
8500
400
100
100
6900
4000
500
600
COO
COO
-100
7200
900
,2100
45U0
100
12200
100!
100
WO
80300
2300
1600
3400
100
100
J.00
700
600
400
403
Transcontinental Oil.....
Transua & Wma Steel....
Underwood TypewTltej...
Underwood Typew pf....
Union Oil
Union Pacific
Union Pacific pf
United Alloy Steel
United Drug Co 1st pf...
United Fruit Co
United Ry Invest pr
United Retail Stores
U S C I Pios 4 Fdry
U S Food Prod. Corp
U s Ind Aicono
U S Realty & Imp
U S Rubber
U S Rubber 1st pf.......
C S smciunir. k & m
U S Smelting, R & M pf..
U S Steel -
U 8 Stool pf
Utah Copper...
vanadium- corp.
Va-Carolina, Chem.
V4.Caro.ini Chem, pi...
Va Iron, coal & Coka...
wabash
Wafcash pf A
western Maryland
Wetarn Union Tel
100 Westlnghouso A Crake..
37001 Westingnouso & 05 ji.
1100
300!
1100
6100
100
1400!
1000
ii0
Wheeling Lake Erie. . .
Wheel & Lake Erie pf,...
White, Motor
Willys-Overland
Willys-Overland pf
win en 05 iu
Woohrorth. F W.
Woruungtoa Puaop....,-.
100
1H
44
10
ISO
163
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76
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BROWN BROTHERS & CO.
Philadelphia
Established 1818
NEW YORK
Doston
City of Copenhagen
5 External Loan of 1919
At prutnl 'matkei P't"
Bonds drawn for redemption in 1925 yield 10.20
Bonds drawn for redemption in 1930 yield 8.40
Bonds drawn for redemption in 1935 yield 7.75
' Average yield to maturity in 1944
8.40
t
BROWN, SHIPLEY & COMPANY
Established 1810
Fourdfrs Court, Lothbury Office for Travelers ,
LONDON, i.. O. , 123 Pill tM. LONDON, 9. W.
i
ill
Foreign Securities
and
Foreign Exchange
American merchants and investors can benefit noV by
purcliasing European Securities arid Exchanges, which
are obtainable at most attractive jjfices.
With the return of normal tirade doridifiohs foreign
securities must necessarily show marked enhancement
of principal. In the meantime they yield substantial
' income.
We tpccializc in the purchase
end the sale of all forelgri er
changc and foreign securities.
JsepMM & Co.
Members Sew York Stock Exchange
120 Broadway, New York
Telephone: Rector 5000
Are Your Securities Protected?
The vaults of this Company providp complete
facilities for the safe keeping of stocks, bonds,
valuable papers and other personal- property.
They are protected by approved mechanical de
vices and constantly guarded by armed watchmen.
Four Offices ill. Manhattan.
3 2 Liberty Street
Madison Ave. at 75th St.
Broadway at 73rd Street.
125th St, at Eighth Ave.
r United States Safe Deposit Company
to
Do Ym KnQw ?'
The'Boiroiigh of Br
1
ooklyn-
v . is exceeded in population by only two Cities in the
v United States:!'
i ' ' is among the first in food, products and in the pro
' . ; duction of Machinery; Hardware and Metals!
iV . is first in the Manufacture of Clothing! (Borough
ofManhattan leading all Cities.)
is fourth in Industry!
Let us co-operate with you in the develdpiherttdfrydur
business, as we have, been, a dominating influence.- hi,
Brooklyn's supremacy. ( y
Nassau National Bank ,
' OF BROOKLYN
Established 1859
Resources $22,000,000
Number TAreo
of a Series
EARNINGS
T?ARNINGS of the California Packing
Corporation for the ysar ending Feb
ruary 28th, 1920, after deduction of expenses
and taxes, will be substantially in excess of
the best previous year, vVhen $16. a share
was earned on the Common Stock. Indica
tions for the current fiscal year point to
billings in excess of $75,000,000. Most
conservative indeed is the present dividend
rate, recently, increased from $4. to $6; a
share.
' To capitalize the Good Will valuation of
such a brand name as "Del Monte" would
be above criticism. Yet so conservative, is
the Corporation's policy, that all such in
tangible factors as good-will, trade marks,
etc., have never been capitalized Tor evei
a single cent.
In recommending Cf'orma Packing Com-'
,mon. we oei!t'v tiyot atosjr pisss5-
' ' -"inherent value, ensured naming powr, aivl
an attractive oi-poriuiiity ioi price appreci
ation. All,eshcMtials regarding the issue are
I set forth in our, detailed analysis.
Send or Circular '33 D '
A; Ao -Housman & Co.
tTWuiifw;. ft'ow Vork Stock Dxfti&nt
FOREIGN
GOVERNMENT
SECURITIES
The temporary low rates
of foreign exchange make
it . possible to- purchase
sound intcrestbearirig je--curities
at especially at
tractive prices.
Write for oir Booklet
F. G. JB. 23 describing the
principal issues of the
European nations.
QJNHAN&B
Bf Investment Securities
4 ' Exchnngo Place. New York
Telephone 8300-10 Hunoter.
FOR' SALE)
100 Shares
Joliet& Chicago R.-
Phone 4000 lo 4010 Joha 36 Wall St. N
20 BROAD ST.
UPTOWN OFFICE
a Wet 33rd Street
Thf iutcmnu coniae4 tere-.n
upua iofsrmilion a&d at.viec yt
NEW YORK
- PHILADELPHIA
Cor. Broid & Chettnut
.bite not uatanteed, are baed
- k nv accurate and rcU.ble.
25 iJoir
of '.ommf
BUCK PIP. LlffES
Ptl,f(cd...tjc.i -
Ltti .ted Earinwji 12 Timt
Diinlend Requirement.
Ciretdarmi llequtit.
WEED.ECWArDiS C0.,lr,c
15 Nsu St.. N Y Trl: Rsrtorl847
Ainericaa Gas k Ek
Ctm.ilatlve Pfi
to yiek ovor 7
Kie'y & lortoi
0V alf St., NY. Phone John t
FINANCIAL NOTES,
2
6
E. J. Jones, formerly usoclt cflltor at
the lnaflsl World, it ivltU H. r. McConneU
&'Co.
American Smelting ana Kennirs turn.
"any hae advanced Its price or ieaa irom
cani w .74, --"-
Amiricsn Exeaange National Baflk haa
beeh apaolntad. transfer asent and regis
trar of w. H. tangley Company ftrst pre
ferred' stock Series A and of th sscond
preferred stock and registrar of Pacific Bank
capital stock.
Governing committee of the Boston Stock
Exchange voted to ha.va no session on
Thursday.
W B Craig has sold his third. Cotton
i-vamr. memhershlp to J. McKenna for
m i inn , 11.000 less than the lat nre-
7? . Tl. A. .iir.hiu cambershln. and about
1 11,000 leas than tfte- hjghest price- for which.
I one his ben sold.
V. ' lifercantlla Trust and. Dapostt csrnpany
it? of Baltimore lua.twea apjrolnted tMnsfer
o nsnt and registrar of Associated Weldlnc
" 2- Compaay. Inc., stock,
" b , rrAUC ha SiJ-tawaa: ex. lata.. D, IBris,
tha- honor ot Commander of the, Legion, of
' Honor. He la chairman of Uw boari of the,
u' ' Anaconda. Copper Company, and durlnu
If tha recant war iris Direct OfUeteral. ot Air-
craft ProduaUoti.
Saw York Trust Cempiny haa, oeen, an
no In ted registrar ofJSundard: Oil Company
of Ohio' preferrsi ad common.
Holmes. Bulkley Wlrdrop ir.nounce
that Edgar Hlgglna has. lucoms- aasoolatad.
Mih thra aa manarer of tha bond dosart-
I m nt nf thalr locsL offlca.
1 B- B. ApolebT;, Xew, York; tcent ot the-.
Bank,- of British- VTetV Africa, announced.
I yesterday tha opening of a, new branch of.
m.ritiition In. HraiMord. Y.lrl-ihlr.
Vi SjgUnd.
pointed transfer agnt of 7J,0C(- ahajes of
WlUUm AYhltraia Company, Iflc , pre
ferred. Combining- under the, TVebo law to, raaet
lntonx. and highly orcwizad competition
of fo;lgn organisation, mora,- than tea
Am-rjcan orgxilzaUona In, the Matt ysar
haVA filed thjr.lr papers wllh tha- Federal
Trade Coaamisslon. aocoTdlng ta sum
mary iut rnadV) bz Uta (Suaranty Trust
Company . la lu nan- bookuu estltlod.
etr'nth towl cuaBr a 4saee glvsn.
-1
7i
1
V,
Vt
-154
t
4- 2U.
1
1Tt
-
Biak W3 held at tha Hotel ilc
Tha tallowing- oftlctra' ot tho Orean
Steamehlp Company or Savannah have
been elected to ta&e. office on March 1
WlUlam A. veinhurn; preaJBeat! AleSan I
rtar, B. Lawton, . vtca-prealdont, E. It
Richardson, vtce-presldo.it, and cnneral
manager: . M., CttnnlnEham, Jr.. ganeral
counsel; H. wuer Johnson, aaalstlnt gen.
eral counsel! A., ft Lawton,' Jr.. solicitor'
W. B. SlcKlnatry. comatroUeri W. c, J. ,
Icew; treasurer; m V. Jenkins, afalstant '
treasurer: .Resignations of Alexander R i
Lawton aa,presldont. John W. AuchlncMsa 1
a director and member of tha cococutlve ,
cdmmlttee, JIarIa P. Harden as- comp-
troUer, Cnarlea, P. Orovea aa troaaurer. ail .
effacure on March. 1. havb been accented.
Madar Mollally. Inc. hv' Xa '
an otftea la 2t6 Washington street, Boston.
Harold P". QUndlnlns Is Its manager and
Horner ?X, Snow ita. assistant manajer
READJUSTMENT
OP
axwel! 'Motor Company, Inc.
AND OF
Chalmers Motor Corporation
The- time for tho 'deposit of. stock of Maxwell Motor Company, Inc.,
and of. Chalmers Motor Corporation and of the SLx Per Cent. Five Yea
Gold Notes of Chalmers Motor Con-piny under tho Plan and Agreement of
Readjustment has- been extended to and including APRIt 30, 1920.
Copies of the Plan may bo obtained from the secretary ot the ccm--.nittee.
Dated, New York, February 4, 1920.
B. HUGHES. Secretary,
80 Broadway, New York
lUnrtY BROVS-En. Chairman,
JAMES .C. IIKAIr.
JOHN R. MORRON,
ELTON PARKS.
JU1.ES S. UAC1IE.
HUGH CHALMERS,
J. HORACE HARDING.
Committee.
Cltr.
LIBERTY BONDS
All denominations bought for cash
Baaed on the clcwlnc we DAY":
S18.2S fono WO 3Vfcfo Ron I, .M Coup.
43.S4 for a SSO ?d 4V Hin-I, I On."l
:n.OforaS?0 314V,ej Bond. 1 Coupon
Sl5.43foraSJO lth4'J UuniL 2 Lo,.i
'S48.80fornSJO 3tli4 Bono, 7 fnupiu-
1 PURiiY & CO.,
Tel. John 3174-3-0-7. 3 1 Pine St. X.V
NATIONAL
SURETY
I S. BODGE ft CO. I
71 BROATIIVAY. Plione 6810 Rrctor.
3 Santa Cecelia Suear
f Commonwealth Pr. Ry. & Lt.
Preferred
John V. Dunne & Co.
44 Broad St. New York
TtUtlont Broad J3V4
i .,, . . . . .
EAENINGS STATEMENTS.
TJHIOy PACIFIC STSTEir.
. 1513.
December, gross........
Balanca after taxxa...
Net oparatlng- income..
12 month- grosa
Balance after taxes;. .i
Xai opemlrjf ,- Income.
,L3.SH
L 424,517'
17T.417.6M
4S.5M.0idr
4j.OS2,tS3
114.122 015
3.0D0 313
iss.s,in
.t9.eii
EO08.2J3
ST. LOm&SA?t EEAXCISCO.
December, gross........ 17,439,521. ss.3ri
BalaoctvattaMazfis.... 1,134.353 7iS,oil
17at operaUnctncxima... . aa.aii' 6js.ri3
U man tha. gross, si.7i5.2is 7ti29.nso
Balance- arter taxes. . U,J74,oi3 H.ososjj
- Cfc u4,4U m.',.n.. ,,,iWiMf U.UV,iXl
tt story
Its Investment
Position and Outlook
". ' Special 'Bulletin . covering
' " ; ' important developments will
.'" . " be sent . upon "request.,
HERBERT L.ISEKSER,G GO.
Member CoasolidatB Stock Exchange- of N. ".
32 Broadway
Phone Broad So-1-2-3-4
, New Yok City
Tennessee Copper
6 10 Year Conre tible Gold Bonds
Due Nov. 1st. 1925
Bought, Sold and Quoted
J. N. BLOOM
Inuitmcnti,
Tel. 70 Rector 24 Proad St.
MONTGOMERY & CO.
Bond) ' Preferred Stockt Sotet
Philadelphia Now York Chicago
Buy $30,577,000 Certificates.
WABHtSfOWf, Feb. 9. Sub3crip-
irp- rrmrtr ivn rrrHWJ?TPiiv t-re,. 1 tlona to tha- last issu pr.- treasury
December, cross. . 1 2.157 351
alanca- after tax; ,
et operating income, jd.sji
13 montha-grca,. . 2P61.161.
Balance, altar taxes. . 1.544.331;
l;'el operating tncoma. 1,'M.IM
YIRGIWA BAILWAT.
December gnus. ...
Balufe after taxes.' .. 103.2H.
Net aporatinc tncoma. 11S.4SQ
U months gross. 12.07X30$
Balsa ca Star taxes,.. X4M.S69
I ffajEy lnconia, :.ILUJ-
certificates, of inaebtednftss. sales ot
v;hlch closed on February j, totalled
J30.S77.000. secretary or tna .treasury
Houston announced to-nisht; That Is-.
lljSll.733
0."rf
U5iS.7f.l
-, - , .STl in lha T.r rf
" adopte4 by ths Trasnrx last fall ta
IW. V avoid more popular loans, meanwhile
mlslj meeting current QoTernmont expend
alias Itures. Bsdrflptioa of all treasury
liJ56,4H certincaUa of. lrulhdnsa outstand
?2rJS lnits.-wai' b slmultaneQus with, pay-'l-rnsrita
ot lncorsa auitt.tsccesa profit- Uxa
GOOD TDIE WOKTH' 12 YEAES.
So
Aa;i;ta Check. Foraer Quickly
Returned to Slua Sine.
OUR Foreign Departrnen: handles
foreign binkinj tranwetiau with
lesdicg bnks throughout the world.
Guaranty Trust Company
tjf New York
Early Ust September; WlllJ.im B, Xel.
son left Sing Slris prison. ' He was 23 willing to. talte rny medicine.'
years olirSaad. he had been doing a bit! Before Judge- Jlclntyte in?QensrAl, Ses
of nine years and, sis rnonths. Xester- loi3 he admlttad he bad. forged trav
day Nslson started back to Sins Sins.) e'Jers checks and led a. say and riotous,
this time to serve for twelve years and exlatenco with, tb, proceeds (or a. Ia.w'
six months. Hi's perlpd. ot actual Hbsxty , days. Thsa had cqBia dotctlon. orr
was brief. ' of his drafta was held up. to SolMn-e
"But I had a iroarAd.lt.ra while itrweber'a on, gefitember. 1,3 .anA 1PV
lasted.Kalt-00 tuldk,- yetrday3 "'Xm, -lias -
i
i'V,
1
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