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JWwj! uv "? ,M SCViC vSfftSl V WJ ?SWK'WJ etf.tUW'J,. n3 wr !;, viirw i?.wfn Ifc.al .TftKVk ," piab1:- v'm . 1 j.vr. l7 35$BmKW iwr'u f' ; ' ' -iw l y MVjfia' - - i HiRfliBnHWV!? '5I r;v?wrawiwffirft: . "v!SrflwB; ml ,- I i' v .1 1W. ' ft'.w WW B.(l7 Y'inm l-iv., ,nl MWt. 26 EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, JUNE 12, 1922 ti Annual Mrtllnn T WmW. NOTICU OP ANNUM. MOTTINO OP STOCKHOLDEm E'iTklMtinK et the. diockneiu.r of luJu i.nl'. ft 'Mrd Oorpenilioii will de neiu en In i!WI Mj , I tfUDfl " HtMIII, HI t, H l . . , mipnnriiinn .-i sis. . w. . c a ifc,5 Kli'S, ,w1 UVW't" F?i''KfUrt K. uT.X12 aawV JniBMnn M f AK . I.f L EXCURSION TRAIN DELAYED I Fireman Cute Feet Trying te Repair Engine Break Tlie ltjililllig excursion ttulti from I'lilliulclpliin te Wiltl"u1 whs eelnjril' nn hour ji-xtrnlny ii""-rnl!iR bi'tfiiusp of n , breakdown of tin etigine. FrnnrN Crnlg, I em of saia correrajiun, ise. 23 UreaJ. M. Cltr OI c mini ir 1110 PUrpOs Of .:! .llFeefnra roe (arm., ... - Ml :.. VV..-.iVi.n.- .;ri." ."'.. ,ui" -ii.-h einer business as mnv .!r ,em bJ,fr;nV15aSlfe'il1u"'aitiyridln ,h' ?c(' 'er'11 Tbtlcth xticct, tlie 11 renin n, unniuia buu in, iniiirra or Mid W-CVCrdX t'lir 1111 leir met wiien nr FURTHERGAINMADE BY AMERICAN STEEL ftArvLA4 P.AMAnllll rABlAf Oll- unnt I mairei wciiciaiiy umii - 'ISSeMll'wnducV 0? mansc?.,Il,102,,'inte tHc woe.ls nenr tlie tr.iel: te chop n ---x qij Off Fractienallv. p0KnS". priwrte? Vnll?i Hnl,lnR with uhldi te icpulr the bi-cnk I rant U,t"' UTT Taciienaiiy. Hudsen Meters Steady -----.- ii'ii tsi -... ::: ry ukmi iiii.ii ; "" n en i.ngi m Corporation. Lrl ltanln TewIhk A ilnff Company, Tedd Dry Deck and Con Cen Con tlen Corporation. Tedd Dry Pecks, Ine . tedd SMpbulldlns and Dry Deck Cem tnfi. SVw Tork. Mar 15. 1M9. KS9 THE BEOIXAR ANNUAL MKKTINU j" of the efllcera and contrlbuteri of tha Narthem Heme for Frlrndl fhlldrrn, 23d 41 and Brown atrceta, will b IwlJ at the Heme. tjIM 18th, at fnnr I. M. n 8. D. VltOOMAN, Jft.. Secretary, in the endue. The neelilent happened nt Newton Newten vllle, neur Wlnslew Jtinctlim. ;iSon,Uxice oil .... lltnilMex Ren beard.. ,"0O Mountain l'red, "700 Mutual Itrf. .. ine N y un 1100 Omar oil ... tnnii lipil llanltx 700 Hall Creek rred urn Malt creek con 701) Hanulna lief . '.00 Hlwll Vnlmi pref SHOO .sininn I'et . ... MIOO Hltellv Oil 16000 HeutWn P von Mnencrr JVt .".Olie Stnnteu ... lne Texan O A 100 Tidal Oauc i"w iiirmnn . . :ioe wiicnx oil 300 Woeilbnrn UOOO Heuthnest . It 'IIP . tin . S3 IV 4$ li 1 r. 17 te 31 .' 'Jle !V Sfic red.. I8H 1J4 lfjf na... 14I, IV l;i n. t. en ,1Ne n.ie 70c Brt 111 '1 R.-iO una 1 . 14 700 rrnnrwala 1 New Yerk, June. 12. Tlie enib mar ket c eloped nn ensler tene nftcr the I epi'iiliiR. nlthetlRh tn borne tpinrter stibstnntlnl upturns were Miewn. North J Amerlenn Steel, en a fnlrlj Inrge turn SCHOOL WHltXSHfeOROCGH OF Montremery Inuntr, rennwltnnla llnlldlnc Henda of 1V22 HOAleii DHia am iniiru iur me purcnana I . . inn ti . of the hel or an part of $150, Oee l.emla ever, iiilvntlCCU 14. te -r'-j. inuaiii. of the .SCI uu ...V' ,"'VV. . '. TlIK'n 1,1 ., off n f.nMln.,. ItpeehllllL W0S e" l T UNANCIAL raiumiT. rnAT. AND COICE rOMPAVT .neral Consolidated 0 per cent (leld lienda 1 fol.ea: ''" Dated April IS. 1803 v Netice of Call and Redemption of All Out- inilifil'dll or CONSIIOHUCKKN. MONr. UOMBHY COUNTY, t'UNNSYIA-ANIA. Ihene bnmla nlll le aerial coupon bends of 1 the denomination of lloeo each, dated July I I, 1U32. Interest piable Januar 1 and Julv 1 1, at ihe rate uf four and one-quarter (4'i ) 1 ner cent tr annum, free of nil JJenruj Uanla ' taxea except Sucicalen of Inheritance taxe. k'rintiit i" sain iniimi a paaeie as r afanritn Henda Tta,A Heldera of all outstanding abeyi 1 d I, ' scribed Henda of Central Ceal and Ceks I? Cempanyl . Motte ta herebr fHcn that pursuant ta Atlcls Tenia of the Oeneral Consolidated Meruiaa-e. dated April 1ft. 1903. of Centra' , Ceml and Coke Company tr The l'eiinsvlHnl ,'rempsny for Insurance en I.l and Grant vflnsT Annuities, and Fidelity Trust Company, IlTruatee. seeurlns the fl par cent Oeld Uends aPJiauea thereunder, said Central Coul and 1 Ceks Company has elected te eterclae It ptten te call In and pav off. en the first air of July, Nineteen Twenty-two, at the r'afflea of DRfcXRI. CO., 3th and Chestnut li streets, Philadelphia. Pennsylvania all tht Tfeenda aecursd by said Oeneral Consolidated ifertawa-e that may be outstanding en July lit 1S33. by paying a premium of 3 par r aentiim nn lha nplnelnel thereof. Pursuant te this call all sal t outstanding SI.' 000 - Julv 1. 1IU7 lls.oeo - - - July 1, 1M.' tJJ 000 - - Jul 1, 1U37 SJ'.UOil - - Jul I, IP,.1 llt.oeo --- - July 1, 11)47 I84.00U - - - - July 1, 1011 ald Imnda will be "old with accrued In-, terest thereon from July 1. 1022, and bids ' Bheuld specify the premium offered above principal and nii-rued Interest lllile lll b owned at the High Scheel Building, Conshelincken PennajUaiita, en June 30, 105. at 8 o'clock I. M, All bids must be sealed marked "Hid for Scheel nends,' and sent tu, and received by the Secretary. Halph N Cnmptiell 2J4 Kast I'lftli Aenue Conahehoiken, IVnnsshanla Ne bid will be received after the above speil. tied time. Kach bid must I accompanied by a cer tified check for nve 15) rer tent r.' th amount bid The He-ird of Directors of calrl Scheel District reserve the rleht te award u i.jrt II 8 bends will ceaa te draw Interest after July uf tle bends bid for or te reject unj or a lit, 1932, Tha amount of funds necesearr bids. liier the payment of said principal said pra- ' nAM'H X. CAlrPnKLI.. Secretary. Bllum of 3 per -ntum and all accrued In- Conshohocken. Pa. !?rLt2 Jux f ,r?!w N'Pft:f,nt-,tntrtw' i ,WUI Vm aePWliril Willi ,uiu ,y, ..-. -w en or before July First. Nineteen Twenty '".two. for the benefit of the holders of all aid bends outstanding en said date, and 'tbaraaftsr (whether said bends are presented for redemption and payment or net) said "bends shall be redeemed from the holders .I thereof and said Central Ceal and Ceks -'Company shall be acquitted from alt lla- blllty thereon and will become entitled te a full releare from the Trustees of the llsn f Mid Oeneral Consolidated Mortgage. First publication Mai 1. 1D2J . .. CCNTHA1. COAL AND COKE COMPNT, at By Chas S Keith, President. J. E. Hreusbal. Secretary. fleer, and coplea et earn with blank forms for proposals will le Hupplled te Intending lildders upon application A depeelt of "8 will l" requlied for the complete set of Pl.ins niverlng atl Items of rhe propeaed con tract. This dcpcilt will be refunded upon the return of the Plans. i:ich Wider must nie a proposal bend In the I.iw Department of the Clt, and the rertltli-ate of uch Mine be Inclesed with the bid Th Director reserves th right te reject an or all bids an he may deem lest for th- Intere-t of the city of Philadelphia. WILLIAM S TWININO Phl'ide.phla June 10 ip;2 Sector. down n point. Cities Service, nftcr n stibitnntlnl upturn, turned eai. renslnnd shnded off 'i. Slexleun Senbenrd i... l'lillip Merrlt wn down 1'. ut 1i)i... Stnndnrd Oil of Ken tue moved up nearly n point te 1W. Sttuidnid Oil of Indlntm. after falling mere thnn n point, inllkd MlRhtlj. ltud-en Meters was Ktendy. Kreepeit Texas 7s fell B points, te 130. INDI'STRIALS f-ale High J00 Acme Ceal . . . l'i loie Acme Packing . . KBc 100 Am Hawaiian . :n) aoe Iti-ech Nut .81', 100 lluddi lluds 1,', Cat Ueht "tc 4iM) Chicago Nipple 4. MO Cltveland Autu . 31 loe Celumb'ii nmerald 810 200 font Meters S .Mn Cuban Jinni Rug . 1 1 ', "JOO Durnnt Muter . . .is', Witi Durnnt M. of Ind . 14' aoe tllen Alden Ceal 51 700 (Inldwjn Pcturea . H 1 100 iloedvear Tire . 13 .00 Hevden Chem . 1 100 Hudsen Man , 12H 2100 Hudsen Moter . . 22 220O Amer Metals . 4SW .100 Am Mrtels pref 104's I null North Am Steel... 48 700 Punta Al Kuic rts 2-i 1 00 Trim Klec Pwr w I 12 21(10 Tub Pred w 1.. .. (Hi 1200 Teb Pred "A". . . hO lMiOMoen iIter .. 10'4 100 Llbbj. jlcN L . 2', laoOLIrue'n Meters A l'i 20 N J Inc ..1444 400 Pnikard Muter 14". .11O Philip Merrla luu '.i)1 Pub Herv N J pref 10.1's THE J. O. MIIITi: MNtiKMlJT tOHI'OKVTION 43 Exchange Piute, New erk Managers ASSOCIATED I.A i ELtX'TRIC ' COMPANY . The Beard of Directors of ASSOCIATED .OAS Si ELECTRIC COMPANY has declared . divldend of ruhty-elght t ents (SSc) per 'atiare nn the preftrri t stock of the Company for the quirter cndlnc June 30, 1022, paj- -VI. aa,H.mf .till, 1 10. ,n f iu.UlinlilAp ' ., t?,M,i , "... -, ; , , i. T 1 ""yin's iiHcii(,niiimD, viwi conuiiening ex recera i tee iuse 01 uubihcii ,hui,u;, nnrAtus ler control inc tne ,mMMi. -.i ..June 13. 122. ,,,-,. a . hurnldltv Prnpesils shall ceier cost of i V- E MICHEL. Secretary. complete Installation and a detailed deVcrlp- .- 1 tlen of the apparatus must he furnished ), ' "pecincatlens and 11 drnwlnw Illustrating- the runivi uviiuii w. mc inumrtiurj- rooms will be I. . DEPARTMENT OP AOKICLLTLKE Washington, I). ;. June .",. lp;j Scaled proposals will lm ieceled by the sr-retars of Agriculture nt his .. i Washington D C , until 2 P. M.. June 1(1. 1932, and then putillelv opened, for rnuinnimr three rooms, te be uned us en experimentil , laboraters in lonnectlen wlrh tolvuee ware- 1 neusinK iiiicittniiiii. wun conaitienlncr an- 37ne Ita lle Cem . . 4', 1200 llidin pref .. . . 3, 100 rioe Moter Ttuck 24 7i0 Hep riie Hub e.v 110O Seuth C i 1 e,v 1300 Tetlll It) I. .v. P 3S, lrmlhocce Pred 7 -On t I. s. II Hj 2011 l"i l'ref Shut new N l.'OO Pn Het Candv . ill, 1000Ware Ceal 1 loe Wll C 1st pref ctfa lil, l.Oii Atltntte I'rti't . . 2'j '.011 Federal T 4 T . . 7 1(10 1 i: PwfsVJd pref. ;u0 l' L & II pref... 30 l'n OILS Lew 14 r.ie id 324 li'e 7ni 4 31 . 11' 3H 11'. r,ei 7S4 12 1 12 214 47 11)1', 47 2'. 11 ."Hi 704 10 2ss 4 1444 14'i 10 101's I '4 34 24 ti.V- 11, s II', ls in. 24 Oil 14 1 no r. m 14 a.'.e .10 8J4 ii' TV 4 31 ISC 11'. I 14'. Gli. 7. 12.4 12'i 214 17 1034 4S 24 11 fill SI) 10. 2. I'. 1U4 14", 10 10-.- 4'. 14 24 S" il'n .1 74 14 S 14 1 24 :iii 14 MINI.NO 100 Alas Rr Cel .. .. 200 Am Explerat . . IOOII nig Ledge 10000 Hest A Ment .... 400O Bosten Ment Cens. lOOO Calumet & Jer ,. 3000 Candelarln M .... 14000 Certes, Silver 300 ("reason Geld 2000 Emma Silver . . N0O0 Eureka Croesus 1O00 Oallna. '300 Oatlsden ... 100 Itnue Hound . . bhOe Independ Lead AOO Kerr Lake ... . 000 Magma Coe rts . . IO0O Silver Hern . .. 300 Davis Dulv , , 100 Shelden 3oeo McNa mnra 14000 Marsh Mln TOO Masen Valley . . 100 Metherlndn C 3200 Nlatlenal Tin 2000 Hay Hercules . 100O Rex Cens 30(H) Rochester Sll .... 7000 Sliver Dale 100 Tonopah Helm . . , 11)00 Tunepah Divide .. L'200 Tonepih Af n 200 Tuelumne , . , (i00 Unity Geld soe United East ItiOO Volcano JO00 West Utah .... .24 loe 17e Tc IRe 84c, 24 2c 2c 17c t)3e 34 nr.c S'i 'A 76 84 ir 8c 20c 04 4Se iic 17e 4?4 7?Vi TOc 34 lis 43c 10c IOC Iflc 7Te 18e 88a 2c 23c ITe 34 cer n Tc 8 1,'. HC 10c 04 4)lr l'i 0c IBe 40e. IK 7?C "A lk 43c 10c en te4 20c 24 37c il.lc lU 34 T03 lit 10c lfle T7c 18c 84c Te, 24 2c 20c' 17e OOe 84 30e 3V4 14 Te 8 1A 8c 20c 'I4 04 4Hc 14 Be IBc 48e 1. 78c. lit Toe Jft 4c 10c .. 834 .1034 ..10T4 ,.100, .1034 ..1034 .1044 104 S . .1024 . 1014 ..141 .101 . 1US4 .1014 . 084 904 Dividends TUB ELECTRIC sTORAliE IIATTEBY iti)ii.. .! AUeghenj Ave. 19th Street 1 Phlla.. Ju.ie T. 1322. Th Directors have declared u dividend of Bsjnty-0ve tents (S.73) psr share from the s Accumulated Surplus of the company en th nw Common stock without nominal or par lvalue, and the new Preferred Stock of 125.00 par value, pavable July 1, 1022, te Coteckholders of record of buth of these claasea of stock at the close of business en Jen 14, 1022. and te theie who subsequently bcem stockholders of record of these eluBi et stock by conversion et old stock f 1100.00 par value Inte the new stock. '"-WALTER Q. IIKNDERSON. TreasurV. , 'urnlsr-eil upon npplliatlnn te the Chlarman ..-v- nnnrd of Awards Department of Agriculture' 1 .. -l. .... T rru.- .-t . --."..Mr, innninuiuii u 1- nie joe Slieuld be com pleted within 00 Uivs after notification of award ll' ll'i tX hi 114 11', .103 30-. O'l'i (10. ' U!n 07' 111)4 lOS11! 427 417 COLUMBIA A'.-ENt'E TRCST COMP.VNY ureua si. una v.niumDia are, Philadelphia. June s, 1022 At a regular meeting of the Heard of Dl- srcters. held this date, a aeml-annual dlvl- AmwtA nt Hie ner rent (3.) wan rieelard nnu. 144 V,- li.l 1 111,". ,ft ul.vlrlinl.lAr. .. w-, 'tyi. June 20. 1022 checks will be mailed V.i " , WILLIAM A CAfll.II.H $j .., Treasurer fi.ki rnernsti.s ter centrict Ne. rtrtl crmprNinc 2S Items of Mlscei lanenus Werk neressarj te complete t'le con struction and equipment of the Krankferd Elevnted lUllna) and the Bustlefen Surfac Lire. Including the connection te tlie Mar ket Street "ubw.tv Incline at Frent and Arch Streets w II he received at the Director's I Office Department nf City Transit. lM Chestnut street. Philadelphia nntll 12 o'clock neon. Tnesdar, June 27, 1922, and opened Immediately thereafter epeneu nans nnd specifications covering all Tt.. I can be seen at 1211 Chestnut street, twelfth REPAIRS TO KI.KfTRIC IJOIIT1NO v. TEM. r'ORT MYER, TA Sealed ero- 1 pe,i 111 irniicni", wii; re received at th rat" or tne wensiructing wuartermaster, Washington. D C . Roem 2300 Munitions Building, 10th ft B Streets unttl 2 P, M June 13, 1932, and tien opened for the re calls tn the electric Kghtlmr system at Tort I Mjer, Va Plana and speclflcstlens may b obtained upon application te the above office. STAMIVRD I'iiO Anrfle- Am Oil . lim At xntK l.obes, , 2D Huiee P I, H'O Imp oil Can JO Ohie Oil 20 Prn'rle O i C, In 0 t oil if Iv m l.ide 01 . f Ind m (.ill 1 ' N '. INDEPFrSDENT OILS ln'iD vniid en . 201) At It Nat uOs liiioe lloene oil Oiin liiBtnn Ve -l'( Carlb 'in ISO Cltlis mhIie.. tee CIiIih Serv 11 Uf .00 Creele Hll 21)00 llrglncers eP: 3IMI Tederal Oil TOO I'cnManl TOO Olillland Oil 2000OIenreck Oil IO110 Hudsen Oil 11100 Hit Petrel 1700 Kcjstone Runlet IHO Equity Pet pref 30D M.'X fieabnard Cen3 444 100 Southern O A. T . 14 TOO Livingston cPt . 14 400 l.vens f Pie . er.c 000 Mnrnnd .Met . t.', 120O0 Meridian P. te 100 Mc-ntt 01 .. 12 . 3c 114 H VI, ' 211 2 1 I l.i- l4 174 r.K ,ii 2 1-4 71c 12'. 3c 114 leO M' Si l" 224 ,1 4I( 14 17 ! e1. 2.V .u tl'lf 444 14 14 94c -1 ik 124 114 01 in'. 30.', 01..' 071.. le4 427 3. 114 I'ii. M,. 8 210 23 3 43 c 14 17 3'4 " 2Ji, 214 71. '-', M4 14 I'. Ofc ft ic BONDS 2iift0 Allied Pack lis 20( 0 Alum 7s 81 .-non Am Light T 0s 2000 Am Tel 0s 22 2000 Anacon Ts 20 1000 An Am oil 7 4; Miue Armour i. U ' Midi) Belli St Ts 21 . f.OeO lleth Ht Ts S' . ,(i(iO Deere A Ce T4s t.r.OHO Prcep Tex 74s 31100 Emp G ft R 0 lOOO Ooedr Tire Ts . 7000 Oram Tr 04 10(10 Gull Oil Ts . . 2000 Humble oil .a 13HOO0 ml Or Ner 6s . Ill 1 Ttntski n T ft . . 3000 Idclede Oas Ts. ...100!l 1000 Llbbj, M.N ft L 7 , 40i)i) Liggett W W Ts..l004 -Idi 0 Manitoba J'wr Ts.. 1)84 InOuNat Leather 81... 1)04 411OO Allied Pkra Ss 974 171 100 Cens Gas Halte (Is. 99J lOiii) Hecking Vnl Hv 111004 ISiiOO N Y N H ft It Ts. 8(14 1000 Phlla Hie- 0s 1034 I -,000 Phil Pet T4h vi 11.102 100 Rebert Galr Ts . . 09 loon Pears Heeb Tt '22.10O llneii Hears lteb Ts '23.1014 lOOO Seliay et Cln 8s.. .1034 10011 S W Hell T 1024 tonus O N Y Th '2(1... 1034 20(10 S O N Y Ts '2n...l0flS 101(00 Stewart War es...J0H4 moo Swift ft Cj T '23.1014 10(10 Snlft ft Ce Ts '31.1024 2i(00 Teledo KltKen ,h SiiOO Union Oil Cel lis ITnoe Un Oil Pred 8s 51100 Vnlverlne Ts . . 1000 Vacuum Oil Ts . 31100 Wist Elee Ts 3000 Magma Cep Ts FOREIGN 6(O0 Vrccntlne T li.oen (!,, ,t!i- Pniir 12(11100 N Y N H II Vr Ts. . TO' 4000 Punt". Al Sug Ts.,111 13000 Sr.tss ,'i4s . .1024 32000 U S Mex 4a . 40 t00(l U S Brail T4s . 804 83 4 103. 10T4 1004 1034 1Q34 104 4 104 4 1024 lOI'i 132 101 834 10.14 lWa 1034 1034 104 104 ', Wi 1014 182 101 ..1004 -444 -444 lue.fc mna iuii'3 108 1031k loin 1124 904 1004 09 10()4 084 904 0d4 eH 1004 80 1034 102 III) 1034 1014 024 904 1004 00 1004 064 1194 9(14 004 1004 80 1014 102 ee 1004 1004 .10M.. ..101 . 1074 . . . Ill) ,10f . .1074 .108 BONDS .10(1 4 s 024 101 1014 1024 1034 10114 1084 1014 102 4 ten' 101 1074 00 107 107S 108 004 024 TO lit 102 394 804 101 1034 1024 10.14 ion! 1084 1014 1024 10.14 101 10T4 en 10T 10T4 108 100 024 TO 111 102 40 80S Plowing In Army Werm, Woodbury, X. ,1., .tune 12. A num ber of farmers in (ilnuvcKtcr and Snlcm Counties hae found iiuny worms in their wheat nnd ifrnss fields, nnd bnve stnrted plowing around the fields te pre vent the spreading of the pests. GROCERY FREIGHTS TOO HIGH! That Is the report cemlnir from the six- I teenth annual convention of the Wholesale ' Orecera' Association Business men who . are looking for a means of keeplnr In touch nt a clanee with the national mevemenfa of am. Irdustry can find It best In the Rus. 1 ness section of tie morning PinLic I.r.ueEg. "Make It a Habit." .tde. i . Ji ,- It- t t 1 a 1 t New Issue $15,000,000 The Atlantic Refining Company Fifteen -Year 5 Geld Debentures, Nen-Callable Te be dated July 1, 1922 Te be due July 1, 193V Interest paablc January 1 and July 1 Coupon Bends in $1,0C0, $500 and $100 denominations. Principal ma be icgisterui. Free of the Pennsylvania Personal Property Tax Net te Exceed Four Mills THE EQUITABLE TRUST COMPANY OF NEW YORK, Trustee IfV sutnmarisr re folleus from a letter dated June 9th, 1922, frem Mr. J. ('. fan D.i'.f, Piesider.t of tl-e Cemfany; Business Organized in 1870 and formerly a Net Earnings available for Interest, reported constituent part of the Standard Oil as follews: Company, the Company owns modern refineries Btfere DeductlBf Alltr D,detmf at Philadelphia, Franklin, and Pittsburgh, Pa Year Federal Taxss Federal Tax and Brunswick. Ga. ; an extensive system of sales 1917 $12,931,000 $9,006,000 stations, warehouses, storage t plants and dis- 1918 19,610,000 7,410,000 tributing equipment throughout Pennsylvania 1919 13,623,000 11,026,000 and Delaware ; gasoline and meter oil stations in 1920 12,851,600 10,513,700 Connecticut, Rhede Island and Massachusetts; 1921 (Deficit) 2,884,000 2,884,000 and 77,000 tens deadweight of tank steamers, ., ... , marine equipment, etc. Net earnings before taxes in the five years ended December 31, 1921, averaged nearly fifteen times Purpose Proceeds of this issue will be applied annual interest en these debentures and the te the redemption of the 6 Geld $38,500 mortgage debt. Debentures of the Company, callable as of . . . . x. . , . . September 1st. 1922, at 1034 and accrued interest. RestriCtions-Ne mc (gages, pledges or ether v hens (ether than purchase money Security Upen such redemption this issue mortgages, mortgages or liens existing at the will constitute the sole funded debt tlme of acquisition of property, pledges of quick with the exception of two mortgages aggregating 2SSets for current leans in ordinary course of $38,500. Balance sheet as of December 31, 1921. business, mortgages or liens en real estate shows net current assets of $48,000,000, and total situated in Philadelphia acquired as site for office net assets, after deducting all liabilities ether building and en buildings thereon, and obliga tion $15,000,000 of Debentures, of $101,000,000. tiens secured by marine or ether transportation An appraisal made in 1919 by Messrs. Ferd, plant ander equipment acquired subsequent te Bacen & Davis indicates a value $25,000,000 July 1. -922) can be placed upon the property of greater, making the total valuation $126,000,000. the Company or its Subsidiaries, without making effective prevision for equally securing ti.jse Equity Debentures followed by $20,000,000 Debentures. The total funded debt of the Cem- Cumulative 7 Preferred Stock and pany may net exceed 50 of its net assets, as said $5,000,000 Common Stock, having aggregate mar- terms are te be defined in the Indenture securing ltet value in excess of $75,000,000. this issue. The legal preceeding: uill be pasted upon by our counsel Messrs. Murray, Pi entice & Aldth Delivery in temporary form dis-euntcd at the rate of 5rc per annum te July 1, 1922. We offer these Debentures for subscription when, as and if issued and received by us and subject te the approval of our counsel. -. Price 100 and Interest Application will be made te list these Debentures en the New Yerk Stock Exchange v The Equitable Trust Company Cassatt & Ce. Blair & Ce., Inc. of New Yerk Tie In'ornutien contained ia this advtrtijemiit it derived from leuree. which we beliere te be reliable although w de aet gusrinte It "EW PLAN HITS MEN WHO FLEECE- TAILORS Credit Bureau After These Who Drett Well but 8eldem Pay If plant of the National Aeoelntlen of Merchant Tailors materialize the at tractive, suave nnd prepeMcsMnpc gen tleman who has been able te dre.ss with nil geed Kate In the Intent Ktylcn en merely a ,?5 or $10 deposit will find his scheme thwarted. According te Wilbur W. Stewart, president of the association, who has received reports from the nsodatletr jircdlt bureau, merchant tailors have already been saved $1 ,400,000 since February. It was learned at the national con vention here last January that .50,000, 000 was the annual gift by the tailors te the well -dressed customers who never paid their bills. The trick was te obtain a suit from one fashionable tnller and then tackle another one fnr removed from the vi cinity of the first victim, with the result thnt hundreds) of "bents" were merrily hopping nreund with hundreds of tailors vainly hopping after them. DEDICATE CRYPT FOR $250,000 LUTHERAN CHURCH Bread and Chelten Edifice Will Be Copy of Milan Church Dedication services were' conducted yesterday for the crypt of St. Mark'tf Lutheran Church, Urend street and Chelten nvenue. The Rev. ,T. .T. Schlndel officiated, and members of old St. Mnrk's Church, Thirteenth nnd Spring (Jnrden streets, nnd the Heh Spirit. Urend street nnd Clinmplest nvenue. with which St. Mnrk's con cen con gregntleu was mergej, participated. A church costing S2eO,000 a mi table Cathedral of Philadelphia I.tithcr nnisni will be erected nt Bread street and Chelten nvenue. The Hev. Dr. I. Chantry Heffman preached the sermon in the morning, and the Rev. V. K. Frets! preached In the evening. OBSERVE CHILDREN'S DAY Services Are Conducted In Churches Throughout City Children's Day services ttcre con ducted .vesterdny In churches throughout the city. Sermons en the duty of the Chiinh te the children were given nnd theie were PTereitcs in all Sunday K'hoels. A hil(lrpn's processional was n fea ture nt the Chestnut Hticct nptlt Chinch. West PhllndelphU. l.hibera te exercises were conducted in the Mcsiitl Lutheran Sunday Scheel, Sixteenth and Jeffersen streets. The Rev. Dr. Jeseph 11. ('. Mncklc, of the IS'erthmlnstcr I'rcsb)terlnn Church, spoke In the Third Church of the Cevenanters In Kensington. 1 He Rev. Dr. Flndley M. Wilsen and Dlders Themas: McCallcss and Samuel U. Dekss nlse spoke. SteckwcD Wilicn & pnviir CERTIFIED HJX ACCOUNTANT! UiTilblMf,rttt WIEGNER,ROCKEYCO. Certified Public Accountants Drexel Building, Philadelphia NEWBURGER, HENDERSON & LOEB Members New Yerk and Philadelphia Stock Exchanges 1512 Walnut St. Hathaway, Stene, Wallace & Williams, Inc. ENGINEERS MANAGERS 1713 !mM St, ThUiUt IFftUO. tut Operating Managemeat et Industrial Enterprises. Industrial and Technical Invet. ligatiens and Reports. Consult in" Engineers te Manufacturers . A. M. & C6. Active Market 8 in the Bends and Stocks of the Georgia Ry. & Power Ce. and the Georgia Ry. & Elec. Ce. Reed A. Morgan & Ce. Members of the Thlln. hleck Kxch. ll'csf Bnrf Trust flrtj., I'hlla. Telephone 8pru(r 3131 Tax Fne in Penn$ytvania PITTSBURGH, PA. 4y2 Besnds Due May 1, 1926 Price 101 Yielding About 4.10 A. B. Leach & Ce., Inc. Investment Securities 115 Seuth Fourth St. Philadelphia Before' Investing secure the advice, of these ....,. in the selection of sound securlM We offer our services te lnllHH.r: institution with funds te Inve,"" ""1 CofwerveMue marginal' " account nii(trf, McGLINN & CO ,.... ,,,-, iM.anciphli, Beles s-WEsrwcvm MlMVaaW1Hs4i C4t. r . WV ji4e. A.ma.eewrA-flaajU investment; securities I LaiitlTitleBldladelpfiu ..iviin.n,wji(f I ASK YOUR BANKER About This ' MORTGAGE SECURED PREFERRED STOCK Nen-Callable F 'till Participating SafetU nat 3 first mortgages en improved real estate te outstanding preferred stock S125 te $100. Yield Q (guaranteed by interest income from first mortgages), plus 50 of all profits. Marketability Ftice Protected at Par- Paying Guaranteed Dividend Quarterly January April July October General Mortgage Financing Corporation Ridge and Girard Avenues Cep righted. OXirC. 1022) An Analysis of the Three Options , OPEN TO HOLDERS OF Interboreugh-Metropolitan 4 Bends and Certificates of Deposit Helders of Bends and Certificates who de net act en or before June 14 will by failure te act have accepted the least favorable option. The financial possibilities confronting the owners of Interboreugh-Metropolitan Collateral Trust 44 Bends, under the Plan of Readjustment of Interboreugh Rapid Transit Company dated May 1, 1922, approved by the undersigned Com mittee (based en June 9, 1922, New Yerk Stock Exchange quotations and estimates of Interboreugh Consolidated Corporation) are, for each $1,000 Bend: (1) Pay $160 after the Plan becomes operative and receive: $160 new Interboreugh Ten-Year 6 Notes, quoted at IVz $124 5 shares Voting Trust Certificates for Interboreugh Rapid Transit Company Stock, quoted at 30 ise Remaining assets of Interboreugh Consolidated Corporation te be distributed pre rata, estimated at between $75 and SO $324 These who exercise this option (1) can, if they Mi, immediately offset the $160 paid bv selUnp a part of the new securities te be received, and still have, at the a'bec prices, property worth $164. j (2) Surrender 60 of the Bend and receive: 2 shares Interboreugh Voting Trust Certificates, quoted at 30. . . $60 40 e remaining assets of Interboreugh Consolidated Corpora tion, estimated at between $30 and 20 $80 Te avoid the payment of $160 (which at present prices, as shown above, could 'be pTeTnptlr ' recovered), holders who exercise this option (2) will have accepted something worth $80. net, instead et 164, net, OR A LOSS OF $84 te them as against the first option. , (3) Accept neither of the foregoing effers: These who de net deposit their Bends at all will receive only their pro portionate part of the proceeds of the forced sale of the Interborough Interberough Interboreugh Consolidated Corporation's assets. The Committee believes that less will be realized by non-depositors than is obtainable even under the second option. The figures speak for themselves. The Committee merely wishes te point out te holders who have net carefully studied the situation the great advantage te be secured by exercising the first option! June 14 is the date en which the right te exercise a choice of these options expires. Helders who have net deposited their Bends under the Plan with Guaranty Trust Company of New Yerk, Depositary, 140 Broadway, New Yerk City en or before that date will fall in the third classification named above. Helders who have already deposited but who de net present their Certificates of Deposit te the Deoesi- SrZrw T H f,r "0tati0n f th,clr ,cctien t0 exercise th option first described above, will be conclusively presumed te have chosen te exercise the second option. Further information regarding the Plan and the rights of holders of Bends and Certificates of Deposit may be obtained from the Secretary of the Committee, 140 Broadway, New Yerk. ji-t,, Nothing herein contained shall he deemed a limilatien of any of the powers conferred unen the Committee by the Plan or the Agreement dated May 1, 1922 under which ti,T rnmm li.1 l -nl ing, whether with respect te the period for deposits or 'elections or otherwise Cbmmittee ,S aCt Interboreugh-Metropolitan 4tt Bondholders' Committee GRAYSON M..P.. MURPHY, Chairman, JUHIM McHUGH, CHARLES A. PEABODY, CHARLES H. SABIN, CHARLES S. SARGENT, JR., FREDERICK STRAUSS. DOUDINOT ATTERBURY, Secretary, 140 Broadway, New Yerk. & dC UERSDORFF. Counsel 52 William Street, New Yerk. GUARANTY TRUST COMPANY OF NEW YORK. Depositary, HO Broadway, New Yerk. y v i ' vfr-y, i . j'f "rl'.wv7t L'lkk!). j. . .j u ?..i'MMmtmtm VA?. t.i...rx &w. J .k HMt""" J 'O1"..