The New York herald. [volume] (New York, N.Y.) 1920-1924, March 14, 1922, Image 19

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The New York herald. [volume], March 14, 1922, Page 19, Image 19
About The New York herald. [volume] (New York, N.Y.) 1920-1924

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The New York herald. [volume] (New York, N.Y.), 14 March 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045774/1922-03-14/ed-1/seq-19/>

Newspaper Page Text

' BONDS IN STOCK EXCHANGE
Continued from Preceding Page. -
Nk Ob * St L
con t?
1 0894
1 00
N&UomI Tube
fa 1$tt
1 07U
1.... 98
NO Tax & Mux
lat Atoms
N O fix Sl Mi
S* m?
I II 6714
8 671g
2..;. .67%
SY Central
fa 1M0
2 1061a
'* * 107
? ? i06ia
B A 107
. 2 1065,
f a lofla*
1 107
ST Y Central
ov dev Os 1938
L 10 loo
A 997(5
S i loo
1 9984
r u ioo
23 9034
17 wis
N Y Central
?H? SOU
1 8Q78
1 86
N Y Central
con 4s 1908
1 7878
I 12. 79
' 3 7914
N Y Central
deb 4a 1039
1 3 871a
1 8714
NY Chi ft St L
deb 4a 1937
2 83
1 821?
If Y Connect
4tta 1U43
1 8504
NY Edison
OKs 1941
7 inflla
> 1 1063b
> 1 106*3
f r, ioo3r
f 5 106I4
r 4 10013
? ? 1C(V?8
' 18 1061^
1 10638
NYGELH 4. PI
fo 1944
1 99 I
NY* Jersey 1
1st ta 1932
2 93
N Y N 11 4 II
deb ft. 194H
1 4 08
l; OSIh
12 6,8
N Y O A \Vi*t
rcf 4s 1992
2. .70
N Y Railways
ailj inc 5s 1942
1. 634
6 Ola
cerjtlflcatoa
Bl4
X Y Railways
1st 4s 1942
1 35
1 34
crrtidcates
3 320t
N Y State Rjra
4'..s 1902
N Y Telephone !Penn 4s 1906-31
Oh 1949 I 4 86la
8 103781 PeoGA O Chlo
2 103341 reftel947
2 104 I 1 86
N Y Tel??hone, Peoria A Kaat
1st 4V3S 1939 1st 4s 1940
22 vlU' 4.. 771*
6 01121 Peoria & Kast
2, 01
3 9114
Nor Southern
rcf 6s 1901
2 59
2.... . .SOla
13 5934
2 61
Nor 4i Weatn
cv fe 1929
11 105ia
Northern Pac
ts ser B 2047
27 10734
Northern Pac
4s 1997
2 85
5 8>H|
Northern Pac
3s 2047
Inc 4s 1990
4 33*4
1 341a
3 343?
0 S478
1 35
10 ;U79
24 347g
5
4 3i
Pert) Marquet
A 5s 1946
4 01 la
Peru Marqucte
4s BM
3 761a
1 7714
Philippine Ry
1st 4s 1937
51
7..
No P Ot N Jt
CV 6H? 1930
?v 20 10714
5 1071#
2 10714
16 1071#
86 107U
10 1073s
13 1071a
A 107 #8
10 1071a
6H4 Pierre Oi) s f
deb 81 1931
1 97
3 08
Portld Ore Ry
fe 1930
4 S4
Pub Her ONJ
,Vi 1959
10 0.-7r
Port RwyLt &
Pwr 7^8 I ?40
" 1077Wj 103,g
l>r? 107&8 Reading JsP*
RC&I 4s 1997
6 S>2
5 10734
Norwest Bell T
1st 7s 1941
1 1071a
a 107.14
1 10738
1 107U
2 IO7I3
2 1073s
2 1071a
7 1073s
Oregon Sc Calif
Sc 1927
8 0713
2 9734
821 i
C> 82
1 82U
1 9213
1 82
Kepub Tr Sc 8tl
5s 1940
13 92
Rio Grande W
rol 4a 49
10 633i
4 64
1 041a
1 0758 R 1 Ark A La
Oregon Short L
conn 6s 1940
guaranteed
3 998g
2 091a
Ore-Wsh Sc N
4s 1961
3
4'-> 1934
2 7834
6 78?8
1 79
1 7813
Romo W & Og
Im 1922
9934
lo! . ... 7778 St ?'<w
50.
.06
3 78
Otis Steel Co
8s A 1941
1 9712
2 97
Pac Gas ft Klec
gen ASs 1942
S 8SI3
Pac. Pwr & I.gt
5s 1030
4s 1947
1 677S
St L I M Sc So
4* 1929
1 . .8413
St L I M & So
Rft O 4s 1933
3 7S
St L Peoria &
N W 5s 1948
1 89!a! 20 ...69
25 90 Stii&SKKB
gen 5s 1931
2 06
St L 4 S K Ry
4s ser A 1950
Motr
Packard
8s 1931
6 100
17 IOOI4
2 1003s
2 IOOI4
Pan-Am PAT
1st equip 7s 30 _ f ^
17. . 07l3|m i*Vk S K Ry
7s"l930 I S? ser B 1980
aula
00:V|
093g
M
N Y Susq A W I
gen 5s 1940
8 -12
N Y Telephone)
Tk ser A 1941 I
1 1023s
6 1021a
1 t 1025* I
6 10234:
21 1021a!
3 102381
7 IO2I3I
6 102381
Nlag Fli fowr
rfAgn 6a 1032 i
1 101V
Pennsylvania
6 Vis 1930
31 106
Pennsylvania
gen B 5s 1908
6 961a
1 SOU
3 91.1a]
II 9014I
Pennsylvania
gn *}<,s A 1965
2 871a
2 87%
? 873fj
10 87U
1 871a
?. . a . , S314
}?Ia 21 ?ll3
.IO.I4 St Xj y 8 K Ky
8t L tc 8 K Ry! Southern By |U S Rubber
Inc (is 1400 I i*t con is HUM I 7? 1??
.02
oils!
,.G1%
..01 la
.<12
. .6iia
. .0114
. .oiia
8t I, South went
5m ISili
2 78
I ?"%
St 1. Southwest
con 4s 193!
5..
14.
6..
1..
OIU
I ?Ua
So at horn Ky
?gen 4* ItHH
.Ollaj 3.
.02)3 0 8
101
Rubber
to 1947
2 803s
2 8*11?
2 8514
?%| *
. .<121 ^ I 1......86U
027s' a...,...86ia
H2la' 1 803(1
i ?2-v 51 s??a
o 0268 PS Steel fa 1??.J
10...
8...
. .o2an
62?"
j 73So Ky Mob SlO
.raial
. ...73U'
coll in W
6 71
12!!'.'.!! 731s i Standard
Bt I pnuttiwc.*i |
1st 4s 1989
lit 5s 30
Mill;
,o??ai 1 i.
100%
. .lCO^S
. .10034
. .101
. .100%
. .101
.. 100%
101
"4 ' . 751. stand Oil of Cal ? Utah Pow & Lt
>* k"C Hhl.ui i* l?Jt ; to 1M4
2 .. . .106U! 5 ? ? ?0
a 106 ]Vafidal!aRR
1 1 014' cou A 4s 55
2 . 100 I 7 . . . 837S
dtP&KC ShLu
4Hh 1941
Bt T M ii Man
con 4H? 1933
10.
San A 1 Ar 1-1
4s 1943
3 75
95U Ter Ansn St L
1953
3 78 |?
2 7814
.70
Vim CO 7>jb 32
951 a
05%
90
0534
S74Iu * 70 ? ?N
oa'rd A i"lTW *OilaJ.? 1 06
to 1945
2 281;;
3 4Rjg.Tcx * Fact tie
.481a
5 487s
SealMiard A I.
rcf 4s 1959
2 35ia
16 35%
Seaboard A 1.
4s 1950
stam [Hid
1 63
1 53U
Shsr Stl Hoop
s f 8s 1941
5 .OS ?
1 047r
1 05
2 (?47s
20 95
Sine Con Oil
"Vis 1925
31 103
10 1031s
25 103
8.
1....
1.
9544
. Ouia
95%
1st con to 2000
10 ?21a|Vli* O O to 1923
Third Av Ry: 2 90%
adj inc to 19<io Virginian is t)2
1 50% 1 OUa
H 501a! 2 02
5 50 ! Wabash*! fa 39
<1 SOI3. 5 S7
It 50 I 1 M338
4 ... .SOUI Waooab TtH .v
Third Av Ry Chic 4s 1941
1st 4S 1980 , 6 '038
00.
3.
14.
0.
1.
21.
4.
5.
3
1.
1.
.02 West Maryland
.021'), 4s 1952
.62 j 10 0218
.621ai 1 62i%
,021b 2.. . .62IH
.02 i West Pacific Gs
.6218 ? 9Hl2
.62 ? Weht Pac 1st 4b
.0234j 5 8578
.as i West l'ennPvvi
.6218 7s 1940
r.:::-:?Bu f?? wator ?L v^-i?312
73 103ls
10 103U!
130 1031a j
00 10314
6H? 1931 ! West Shore
certificates 1 1st 4s 2341
1 102 I 1 80
. . 102)8! 1 7"'U
10 1031k! Tobacco Fiwlj 1 80
1 103 7S 1931 W?Bt Cn#H?30
I imu 1 90 1 107%
.10318
, . 103 !
. . 103Ih i
.. 1027g I
103 1
Sooth Hoi TicT
3s 1941
Tol St L Si W i West Un 4v*s 50
4s i9? I 6 oaia
H 631a Woattase EJfcM
I Union Pac lis 2S i 7s 1931
1 1033g
1 103
10 03.^; Union Pac 4s 471
South Ca ti Gii
5Hs 1929
1 . .90U
South Pacific
CV 4s 1929
.89
. . .8OI4
. . . 8s%
. ..888g
. . 8S78
Pacific
IO6I3
2 10638
11 1061a
10 90%I 2 ? IO6I4
2 ?0l8 WifeLERLEDv
11
O 00l8
6 90U
Union Pacific
Cv 4s 1927
2 92ia
20 92
rcf A 4 J-Jis dO
25 50
Wlckwire Spen
Steel 7s 1935
1 ?71a
1 97U
8 071a
. .85141
Pacific)
15...
South
rrl 4
1...
1 .
South
4s 1949
3 79%
2 80
*'onth Pacific
h K '1 4- 1?V>
3 SOU
RoPRSuKarNJ
1st 7s 1941
2 06
14 9578
2 00
Southern llwy
63 58 1959
0 94%
3 04?8
5 04%
3 IUI3
1 94^8
4 041a
4 01%
2 Otfts
25... .. .021aj Wllkb & fc.asi
Union Pacific I 1st 5s 1943
Id 4s 2008 I 2 60 U
4 R1.%j Wilson A Co
Union Tk|Car 7}4* 1931
eq tr 7s A 1930
1 103U
United Drug
8s 1941
6 1051 p
1 105 U
4 105%
1 i05ia
United Rys In
fa 1926
5 .82
2 8238
1 817g
5 82
U S Real & lm
6s 1924
3 9312
U 8 Rubber
7?( 1930
5 105
1 101%
1 1044s
1.. ..105
1
1...
14...
I...
Wilson
1st Os
1...
3...
1...
7...
Wilson
.96%
, ..97
.. .00%
. t678
& Co
A 1941
.. .05%
...051a
. . .05%
.. .9578
.V Co
.88
.fvSl8
? 87U
,871a
V. 871a
Wis Cent Ry
ls3 itcn 4s 19
20 76U
BID AND ASKED QUOTATIONS
N. V. STOCK EXCHANGE QUOTATIONS.
To (he following prices accrued Interest
Is to be added:
FOREIGN GOVERNMENT AND MUNICI
PAL PONDS.
P.ld. Ask.
Arpenttna Intern. 5s, '43 ? S" 83
ItelRlan ."> yr. 0*..... 102* 102*
Belgian 7Vis. '43 108* 10S?
UulKlan 8s, '43 .. . 107 107*
Bergen Ha, '43 100% 110*
IKrno 8s, 43 Ill1/* 112
llordeaux 8s, '34 85* *5*
Brazil Sfl, '41 1I>1'\ ltM'i
Cat ada 3s, *26 98* 89
Canada t1 _? H, '29 '.HI7, 100
Canada 3s, '31 98* 98*
Chile 8s. '41 104 lot *
Chile 8a. '-'ti 101% lOi' x
CtltMM Gov Hu Kug lly Bs, '51... 33* 34*
ChrUtlanlu 8s, '45 108* 10?
Copenhagen ft*s, '44 89* 90
Cuba Extern. f>s, *44 88 8"J*
Cuba Extern. ">s, series A, '14.... f>7
Cub* H\t rn. 4*Sa '49 78 7!l'/4
Denmark 8s. '43 109* II"
Denmark 8s A, '40 I<?'.? I'',i
I? uniark 8s II, '4(! lot) 110
Denmark Os, '42 97* us
I't.teh Kant Indies 6*. '47 95*
I": anterlean Indus. Development.. 98 WH
Franco 7V.-S. '41 !"<?* 101
Franco 8s, 'I" 1"' lOlS
Italy 3 yr n'-s 93* 9 t*
Japan 4* sterling loan, '.'II 73 TV,
Japan 4'iS sterling loan. '23 80* 89*
Japan 44s, 3d series. '2# 88* 88*
Bjrons 13 yr. rts. '8-1 8".* 8.'>*
Marseilles 15 yr. Os. '33 86* 83*
Mexico Extern, gnlil 4s. '64 411 43*
Mexico Extern, sterling 5s, '43... 53* r>3*
?Mexico Irrigation 4*e, '40 311
Norway Ms, '40 11?* 111*.
Queensland Os, '47 1*0% 99*
Queensland 7s, "4t ..loss 100
K?o Janeiro 8a, '4(1 101* 101 S
Han Domingo bs, '38. 90*
sao Paulo Ms, '30 103* lot'*
Sweden 0s, '39 10O list*
Xwiixerlantf 8s, II ' 113*
Toklo Ds 73 7"
Uruguay 8s, '40 100* 100*
Zurich 8a. '45 ill* 112
United Kingdom .*i*s, '22 l'i- 1<i2*
United Kingdom 3*s, '20 1"2% IKI
United Kingdom 3'-s. '37 99* 00*
Netherlands IMS 04*
Ban I'aulo 8s 101 . lol*
UNITED STATES GOVERNMENT BOND*.
Bid. Ask.I Rid. A k
2a r 103S ?? I 2* P '86 r.108* ...
2e < 108* ? ? ! 2s P '38 r . 10.IS ? ?
4s r 10f?* .. 12s P '38 0.103* ..
4s ?? 10*.* ... Ms P r 83
2a P '30 r. 103* .. i:is P? 83
9t r '30 c. 103* .. I Pi 4a'38.. 80* ..
Closing prices of stocks In </htch thera
wero no transactions yeaterday:
Bid. Ask. I Bid. A?k.
A A Cable. 100'j 113 | A BuinT pf 38 02
An,.il 8 1st .. 08 AinT'?b pf 100* 101
AiikNpf. r.2* ?r.4 Am TMia. r,4 r.i*
A Beet 8 pf 00 73 1 AWWk 7*. 70* 79*
A 1J!(H pf. 101* 107 'A Wlml pf 87s ""-'*
Am CFpf.120 I A Wool pf.l8S* 10V%
Am M * n m IB* ; Am XV Ppf 2.1 20
Arnltad pr.t13* . , Art Metals 14* 19U
Am 8 Bee A 80* *80 I Aoao 01)...tw* iniiu
do pf n. 83**100 ATASF pf . 85 Mr*
A HtFdy pf 01 97 ; At Refln. 92". ?60
A Snuff pf 93 100 1 do pf IK. 117
Bid.
Auto Sales I
do p?.... 13
l!a;d L, pf.108
Kay Broa.. 28
lik Ediaou.101 *
Blown Sh. 11
do pf ft
Brunswick. a*
Bu?h Term ..
do Bid pf 90*
Buf & S pf ..
Ctt) it Ariz 59
Cuu South. .'.2
CarnonHIU 12*
Case Pf. .. 71
CltltofNj. 185
'Cert Prod.. 37*
do lsit pf 85
do 2d pf. ..
Chl&Alt pf 9*
CANW pf.109
Clit I*neu T o?
CJJt r & o .*?*
<To pf.... 85
ccc*8tE.. so
CI 1'iabody 53*
Col Fuel pf 89
Col&So 2pf 54
ColOrph l>f 13
Con CIk pf 4S
Con Can pf.102
Con Incur.. OS
CornPr pf.l 1.1
CrexCarput 32
Do Bcera.. 14*
Det Edison.106
Det AM nek. 23
Dot United 57*
Durham pf *0
Elk llomP 16
do pf.... 35
Enter Bran 7
Endk! J pfl 08*
Fed M 1 E 10
do pf 118
Fairbanks. 20
FlaherB pf.101
OrnClK Pf.100
do dob pf 90
O A Tank. 50*
GmMot 7% 83*
(?llllla.net pf 7<)
Granby .. 28*
Cray *? D. 17',
C!t Nor pf. 78*
tlulfStl lpf 87
llarvea pt.lM%
Homettake 0<t
111 Ce ntral 90*
Iml Kef pf ..
Indlahoma. -H
Int Cen>ent
Tnt M T 2pf 59
Int Nick pf 0*
Int Pap pf 75
Int Salt.. r.0
Iowa Ctnt. 0
Jewel T pf. ?5
Kaywr ... 92
do l*t pf.l 15
KSpTtV* pf 70
K. c * D M 3
do pf.... 20
KrgeSS pf.105
Kr.?? 3 11. 70
do pf.... 00
LI** A Nf.,100
do pf....114
t.orlllard ..152*
L-W im.pf 99
do 2d pf.105
Vnrkay pf. 60*
Mitlllaon .. 10
do pf.... 70*
M Fhtrt pf.l01\
Ask.
4!4
H',4
100
105
45
91
100
01
40
OO
04
AO
M*
105
55*
1.114
114'4
40
17*
106',4
r.7*
#2
17
40
?
111
10*
S?
HO
100
102*
99*
58'4
84',4
!MI
20
18>4
78*
1)5
109
01*
100
'H
31
Ml*
70
100
'?*
fl*
OS
SO
1
its
in?
113
100
118
1M
10,1
110
? id
20
so
111*
Bid.
Man Sue Pf 78
Mariln 14.. S*
May OS pf.106
?Max Mot A 45
AIMO lpf ct 5
do 2pf rt. 2
Mn l'at pf 83
Mich (.'.out. 120
MSl'SSMpf ..
MSKMLLi... 05
MK&Tpf... 0'4
do war.. lft',4
do war pf 1-1*
Mor & Kb.. 70
Mont 1' pf.105
Mullln.sB.pf ..
NC A StE.100*
Nat Blsc...l35
do pf 119
Nat Ed pf.110
NOT&Mox. 03
NY Air Br 63*
NYC*SL... 03*
do 1st pf 74
do 2d pf. OS
NYStatelly ..
Norf*W pf 73*
Nor Am i>f (M
Nova S Stl 23
Nunnally... 9*
Ohio Fuel. 47
Otis El pf. PI
Otis Stl pf 41 ,
OwensB pf.100
Pac Cat lpf 30
do 2d pf. 2"
Pac D>v.? 6*
Pac Mall.. 13
Pac TelAT. 55
PanliandlM. 7*
do pf.
Penney pf.. M
Per?M p pf 80
Phillips J. 8fl
do pf.... 88
Pierce < lpf 45*
Pit Coal pf 90*
l'PWC pf .135
?Pitts Htl pr 80
PAWVa pf 78
PrHteelC pf 02
Prod* R pf 34
Ry Htl Sp.. 07*
do pf 105
Ren & Sar.118
Rol.t Re!?.. 11*
d<S pf r.1
Rep 80 Pf. 77
Read 2d pf 40
EUos Ix-ad 12*
Bears-R pf 98
Klo??-Sh pf 02
Shattuek... *
SPtt Hu* Pf 90
Stand M pf 81
SteelATpf. OS
Pup Htl pf. . .
Tob I'rd pf 90*
Twin C pf. 77
Undervrd ..ISO
do pf 102*
T*n Tank. .102*
UnCI* Hts.100
do pf 105
mm* lpf 41*
USInAIn pf It:,
1TB StnR pf 43*
Va I C*C.. 42
VRaalte pf 00
M-ell* Far. 7*'J
Weat'aa lpf 62
W'llaon pf.. 79
Worth pf A 81
Wrl Afro.. 7
?E* dividend.
Ask.
80
10
112
52
89
86
Wi*
7
10
15
78*
iki*
110
130*
122
113
04
01*
04*
81
71*
S3*
43*
23*
UV4
48*
181
50
i>o
f.0
7 W
14*
62
8*
80
70
87
W>*
47*
01
89
81
05
40
98*
11514
19
59
79*
47*
13
115
'5*
95 U
94*
88*
li i*
103
1110
45 |
oo?;
44*
47
92
81
70
A LESSON FOR YOU
The papers tell the plight of those who sac'
rificed security for promised big returns.
Profit by their lesson and invest for absolute
Safety and a good yield?our 51/j% Guaran
teed First Mortgages or Certificates from
$100 up. Send for descriptive Booklet h-33.
New York and Mortgage Co.
13 5 Broadway, New York aoj Montague St., Brooklyn
Long Island City?Jamaica?Mount Vernon?Staten Inland ?White Flaiaa
Capital $10,000,000
Surplus and Undivided Profits . . $22,800,000
A General Commercial
Banking Business
?THE
NATIONAL PARK
BANK
OF new YORK.
214 'Broadway
Organized 1856
On March 15
our telephone number changes to
TRIANGLE 8700
But
the policy which has made us such an integral part of Brooklyn's
industrial growth, and which has made us Brooklyn's largest and
strongest National Bank, remains unchanged. We are now, as here
tofore, in a position to serve your e\ery banking need.
Ask the Man Who Banks Here
NASSAU NATIONAL BANK
OF BROOKLYN
46 COURT STREET
UNITED STATES SHIPPING BOARD
Emergency Fleet Corporation
Offers the following
Mortgages on Real Estate
At Private Competitive Sale
On March 20, 1922
Shipbuilding Realty Corporation, Newport Newt, Va., "Hilton
Village$4,050,187.
These mortgages cover 473 dwelling houses, and one building -containing
5 stores and auditorium.
Shipbuilding Housing Corporation, Newport News, Va., *'Wash
ington Avenue Apts.," $1,672,664.
This mortgage covers four brick apartment buildings, divided into 3J0
apartments.
North Chester Realty Company, Chester, Pa., "Sun Village"
and "Sun Hill," $5,139,193.
These mortgages cover 712 dwelling houses, and 18 apartment building,,
containing 56 apartments and 20 stores.
Newburgh Housing Corporation, Newburgh, N. Y., $1,548,379.
These mortgages cover 127 dwelling houses. 12 apartment buildings con
taining 68 apartments, and 1 building containing 2 apartments and 2 store;.
The interest rate on the amount advanced under the above
mortgages is five per cent.
TERMS OF SALE: Mortgages will be sold on the following'cash ba^:
Ten per cent cash payable upon signing the contract of sale to the successful
bidder. This sum will be credited on the purchase price if award is made to
the bidder or will be retained by the board on account ot damages if successful
bidder fails to complete the purchase. Balance payable as and when mort
gages are delivered.
The mortgages may be examined at tiie offices of the United States shipping
Board Emergency Fleet Corporation, Room 1706, New Navy Building.
Washington, D. C., and certified copies of same may be seen at Room 201,
45 Broadway. New York City: or Room 801, 140 North Broad St., Philadel
phia. Information may also be obtained by letter from any cf the above
sources.
All offers received on or before March 20th, 1922, will b? considered; and no
award will be made before that dptt.
The United States Shipping Boafd Emergency Fleet Corporation reserves the
right to reject any and all offers.
Envelopes should be marked "Bids on real estate mortgages" and addressed to
HARRY S. KIMBALL, Vice-President in Charge of Finance, United Statef
Shipping Board Emergency Fleet Corporation, Washington, D. C.
I. ii i i k ?
Fourth Street
National Bank
Philadelphia
CONDENSED STATEMENT OF CONDITION
at the closa of business March 10, 1922
RESOURCES
Loans and Investments $42,748,929.80
Customers' Liability under Letters of Credit
and Acceptances 1,800,808.12
Due from Banks 11,044,812.68
Exchanges fo.- Clearing House 1,195,266.64
Cash and Reserve 4,737,575.19
$61,027,392.43
LIABILITIES
Capital Stock $3,000,000.00
Surplus and Profits 8,485,712.09
Reserved for Taxes and Expenses 80,352.34
Letters of Credit Issued to Customers and Ac
ceptances 1,301,999.12
Deposits 47,856,329.28
Bills Payable and Rediscounts NONE
Acceptances of Other Banks Sold 302,999.60
$61,027,392.43
Every Form of Domestic and Foreign Banking.
Unexcelled Facilities.
K. r. SHAN BACK Kit Pn-Mdrnt
K Vtej-P?. and Caataler O. E. HTAI FFF*. Aaat. Cathtar
w. HAHD*. Vlej-Praaldent IV A. Hl l.KLEV. Ax*. Ca?hl?r
IV. a. HIMI'HBEIS. Vlca-Praa A MhiMCIIOLL Aut. Caafalar
DIRECTORS
Kldnay F.Tyler. Chairman William de Krafft Chaa. A. Daniel
Frank T. Patteraon GeorK" K. .lohn?on A. K. Newbold. Jr.
William A Dick Joaeph R. Wld?ner Trenre du Pont
W R. Nlcbolaon Harry A. Berwlnd laano H. Clothier, Jr.
Fr?"icl? I. Oowen William M. Pottn Ootice F. Tyler
fcl. F. Shanbackar lieurce Dallas Dixon W. Averrll Harrlmao
? *m?* M Wllloo* <"? N.flf Hnh*r? P "
To the Holders of
New York, March 8,1922.
THE NEW YORK, NEW HAVEN AND HARTFORD
RAILROAD COMPANY FOUR PER CENT. DEBEN
TURES DUE APRIL 1, 1922 (issued in exchange for
Franc Debentures of the Four Per Cent. Fifteen
Year European Loan of 1907 of the Company).
There are now outstanding $14,118,000, principal amount, of the above
Debentures maturing April 1, 1922. Jhese Dollar Debentures were issued
in exchange for Debentures of the Four Per Cent. Fifteen Year European
Loan of 1907 of the Company. Franc Debentures of said Loan to the prin
cipal amount of Fes. 69,762.500 are also outstanding, payable in Francs
and other currencies, including Pounds Sterling of Great Britat% at the
rate of ?l9-15s.-6d. for each Fes. 500 Debenture. The company will not be
able to pay these Dollar and Franc Debentures at maturity, because un
der prevailing conditions the Company is unable to dispose of its Mortgage
Bonds which are reserved to refund the above Debentures under its First
and Refunding Mortgage dated December 9,1920, to Bankers Trust Com
pany, Trustee, and no other method of financing is available. The Plan here
inafter described for part payment and extension of the balance for three
years at seven per cent, is therefore proposed by the Board of Directors.
When the Plan becomes operative Debenture holders will be paid ten per
cent, of the principal amount of their Debentures in cash and payment of
ninety per cent, of the principal amount will be extended until April 1,
1925, with interest at the rate of seven per cent, per annum. Interest at
the rate of seven per cent, per annum will be paid upon the cash payment
from April 1, 1922, to the date on which such payment shall become pay
able to depositing Debenture holders. The United States Government
has agreed to loan to the Company the amount of cash necessary to
make the ten per cent, cash payment. The lien of the First and
Refunding Mortgage as security for these Debentures will remain unim
paired.
Debenture holders are urged to deposit their Debentures as promptly as
possible, and in any case on or before March 27, 1922, with Bankers
Trust Company as Depositary under an Agreement dated March 8, 1922,
copies of which may be obtained from the Company or from the Deposi
tary. The plan can only become operative if with substantial
unanimity the holders of the Dollar Debentures and the holders
of the Franc Debentures, to whom an offer of extension is also
being made, deposit their Debentures on or before March 27, 1922,
or such later date as may from time to time be fixed by the Company.
The extended ninety per cent, of the Franc Debentures will be payable,
at the option of the holders, in dollars in New York, viz., $86.85 per Fes.
450. The Depositary will issue negotiable Certificates of Deposit for
Debentures deposited. All Debentures deposited must be in negotiable form.
The April 1,1922, coupon should be detached, and may be collected in the
usual manner.
The Company may abandon the Plan at any time, and If the Plan la rn*
declared operative on or before July 1, 1922, or such later date as may be
fixed by the Company with the approval of Bankers Trust Company, the
Depositary, depositing Debenture holders shall be entitled to the return of
their Debentures free of charge.
As soon as possible after the Plan has been declared operative the cash pay
ment of ten per cent, will be made and the deposited Debentures will be
returned (against the surrender of Certificates of Deposit) appropriately
stamped to show the payment of ten per cent, of the principal amount and
the extension of the remaining ninety per cent, to April 1, 1925. N-*
coupon sheets representing interest at seven per cent, during the peri i of
extension will be attached to the Debentures.
It seems clearly in the interest of the holders of maturing Debentures to
accept this extension, under which they will receive payment of ten per
cent, of the principal amount of their Debentures and an extension of the
remainingninety per cent, of the principal amount at an attractive rate of
interest. The inevitable result of the failure of this Plan is a receivership
for the Company, which would entail delay and the possibility of loss to
the Debenture holders. On the other hand, if the Plan of Extension be
comes operative, the Board of Directors believe that within the period of
the extension the Company will be able to restore its credit and take care
of these Debentures at maturity. The operating ratio which prior to the
war enabled the Company to meet all obligations is gradually approaching
its pre-war percentage. This has been accomplished by a reduction of
operating expenses and by a more efficient operation. Since 1915 the Com
pany has expended $56,000,000 for new locomotives, passenger and freight
cars, modern classification yards and additional tracks and sidings. A part
of these funds were obtained from the United States Government, which
for this and other purposes has loaned the Company substantially $80,000
000. The Company is in a position when business shall return to normal to
operate more efficiently and economically than ever before. It has reason
to expect that its earnings will still further increase and its expenses still
further decrease. The decision of the Interstate Commerce Commission
increasing the divisions of joint rates should give the New Haven System
increased earnings upon the prospective traffic of the year of approximately
$3,500,000.
By order of the Board of Directors.
THE NEW YORK, NEW HAVEN AND HARTFORD
RAILROAD COMPANY,
By Edward J. Pearson,
President
Holders of Dollar Debentures may also deposit same with
Holdeia of Franc Debentures of above issue may deposit same with
Help Wanted Advertisements in The New York
Old Colony Trust Company, Boston,
or Drexel & Co., Philadelphia.
Equitable Trust Co., New York
American Trust Co., Boston
Rhode Island Hospital Truat Co., Providence.
Herald are productive of
mercial anc? domestic help.
I _ TC) AU' HOLDERS OF
! <S frairrllblt Serial (.old Notes d.?l I
( June 1, lO'.'O. of
j The Ohio Cities Gas Company
I (NOW THE (TICK Oil. COMMWl
In accordance with the provision* of Ar !' !*:
Third of the Trust Agreement between Tin
I Ohio <i;is Company (now The Pure
Oil C'ompaii) i anrt the Guaranty Trtu t
Company of New York, as Trustee, 'e'aied
Jut..- I, {(St, notice la hereby given that
Tho Pure Oil Company, by dim and legal
action of I rs Hoard of directors has call t
for redemption and payment on Juin 1.
'922. all th? Seeen Per Cant. Convertible
Serial Gold Not ex. dated June J. 1920. ma
; turins on their face after Juno 1. Ill-"-, and
secured by the Trust AiratnMBt of tv?
da'"' between aai<i Company and Guaranty
Trust Company of New York. u? Trustee.
In accordance wUli the p: jvUions of aalu
Trust Atti-e.-inenf. the holders r( said note*
are entitled to receive accrual ititereat on
I Jl"' fa' " of fho notea to Juno 1. 1922. and
In addition thereto the following per cent*
of the faro of the not."-:
Notea due Jun.* 1. 1923, J01?t of tbl
faco > alue thereof.
Notea du?? June J, HcJ, 101%?i of tho
face value thereof:
Not "a due Juno I, 1923, 102% of the
fare value thereof
At' ordinal}- all holders of these note* are
hereby directed t > present said notes on or
I after June 1, 1922. i.t the Trust l")eparimen'
j of Guaranty Trust Company of New York.
140 Tlrondivay. New York City, and ?.? sur
i render said notea and to receive the re
demption price thereof an hereinabove set
I forth. In accordance with the term* of said
, Truat Agreemont said notes will cease to
draw Interest after June 1, 1922, and cou
pons for Iritereat subsequent to that date
will be void. The coupons due Juno 1, l;i22.
should be detached and collected in the
usual manner.
Ily order of the Board ct Directors of The
Pure Oil Company, formerly The Ohio Cities
Gas Contpanv.
R. W. McTLVAIN,
viet President.
T. J. JONEf.
Asst. Seeretarj'-Treaaurtr.
March S. 1922.
NOTICE OF REDEMPTION.
To holders of Victory notes and other*
concerned:
Notice U hereby given as follow*:
1?Call for redemption of 3\ I'er err*
Victory note*.?A!i of the per tent series
of United States of America convertible Gold
Notes of 1922-19-'.'!, otherwise known as 3 w
Per cent Victory Notes, are hereby called tor
redemption on June 13. 1022. pursuant to th>?
provision for redemption contained In tlet
Notes and In Treasury Department circular
number 138. dated April 21, 1019. under
which the Not en wore originally issued. Jr
tereat on all Victory notes of the .'I3, pt -?
ceat series will cease on said redemptle .
date. June 13. 1922.
2?Suspension and Termination of Victory
note conversion privilege.- In view of the call
for the redemption of ail ?.% per cant Victory
notes on Juno 13, 1922. and pursuant to t) ?
provisions of said Treasury Department c! -
cular number 138. the privilege of cor.v. : -
slon of Victory notes of either aerl.-i Intij
Vlctorj* notes of the other series Is herel '
suspended from February 9, 1922. to June 1",
1022, both Inclusive, and on June 15. 192:.'.
will terminate. Victory ikol'-s accordingly
cease to be Interconvertible, effective Febru
ary 0, 1922. and on and after that date no
conversions of the notea may be made.
3?Detailed Information as to the presenta
tion and surrender of S'li per cent Victory
notes for redemption la given In Treasury
Department circular number 277, date.l Feb-,
ruary 9, 1922, copies of which are available
at the Treasury and thu Federal Reserve
Banks.
A. W. ilKLLOS,
Btcritary of the Treatury, Feb. 9, 1922.
TO THU HOLDERS <>F
NORFOLK & WKSTEKN RAILWAY
COMPANY
Four Year SI* Per I ent. Secured Gold Netea
Due May 1. 1924.
Notice Is h'reby glv-n, a,s provided III
Article 4. of the agreement dated May i.
1920, between the Norfolk & Western Rail
way Company audi the Guaranty Trust Com
pany of New York, trustee, that the Norfolk
( Western Railway Company haa elected t ?
redeem and pay on May 1. 1922. all of its
outstanding Four Year Six Per Cent. S'
cured Gold Notea Issued thereunder, to wit:
notes (tearing numbers 1 to 2300 Inclusive,
nt 101% of par and accrued Interest.
Holders of the above noted are request! :
to present them for payment on or aft< r
May 1. 1922. at the Trust Department of the
Guaranty Trust Company of New York, 140
Broadway, New York City.
After May I, 1922, Interest on the not' i
will cease and the coupons maturing uf'.er
said date will become null and void. Cou
pons due May 1, 1922, should bit detailed
and presented fur payment In tho usual
manner.
NORFOLK k VP.STF.TIN RAILWAY
COMPANY.
By E. II. ALDEN, Vice-President.
Dated l-Vbruary 20. 192-.
REPORT OK THE CONDITION OF
The Hanover National Bank
Or The City of New York
At Now York, in the State of New York, at
the close of bu.-Jn<-s.s, March 10th. 1922.
RESOURCES.
I/Onri5 anil Discounts $02,071,186.57"
L-. s lionds to secure Clrcula
tion 100,000.00
V. s Bonds anil Certificates of
lndebtadneM to accure 0. s.
Deixwits 10,300,000.00
U. S. ItoiwN and Certificates of
IndplitfdnfM on Hand 4.200.750.00
U. H. Bonds deposited with
Rupt. of Banks. N. Y. State, in
Tru?t 400,000.00
Bonds. Sccurttieg, etc 5.<>03.780.01
Banking H<m?< . . 4,S3,VmO.W
Dun from Hanks and Hankers l,SWi,M5..TO
Checks and < Mher Cash Items. 711.22#,3*
Exchanges for Clearing llouav, 28,081.043 31*
Hpecle?Oold 41.403.00
i Other Ca?h in Vault , G30.213.OW
Out* from IVderal Hescrve Hank 10.V20,3U9.6V
Redemption Fund and due
from U. f. Treasurer 5,000.00
Customers' Liability 'accept
inm executed by other Hanks
tinder letters of Credit) 332 151.14
Interest Accrued 148,763.51
SI 00.144.081 W?
LIABILITIES.
Capital Stork Paid In 83,000.000.00
Surplus Fund 14.000,000 0C?
Undivided Proflm 87.055.370 27
Discount Re
ceived hut not
Earned 451.560.04
8,100.030.91
Reserved for Interest Accrued ft4.5is.SS
Reserved for Taxes 763,835.21
National Hank Note* Outstand
ing 100 000.0ft
Dili' to Hanks
and Hankers $74,987,873 97
Individual De
posits subject
?o Cheek... 43.831,006 67
Divider l"n
t>ald. . . . 180.00
Demand Certifi
cate* of Deposit 1.809.03
Certified Checks IS,900,420 95
Cashier * Check*
? >utstan<ling. . . 4.064.180.16
U. S. Deposit*... 2 080 000.00
Ive'tcr* of Credit and Travelers'
< 'hecks
Letters of Credit acceptances
executed by other Banks there
under .
139.531,575.78
>166.144.08100
State of New York. County of New York, sa.:
I. Km K. ''able. Jr . ? ashler of The llan
l over National Hank of the City of New York,
' do solemnly -smr that the above statement
Is Irui. to ttlH best of my knowledge and belief.
\\ Ml. K CABLE. JR.. '"ashier.
Subscribed and sworn to before me. this
13th day or March. 1022
W. I. THOMAII. Notary Public.
Correct \t?e*t New York County.
WII.M AM WOODWARD 1
URNIIY W HOW E > Director*
JOHN.I RIKER
PROPOSAL*.
PUBLIC NOTICE.
Public notion Is herrbj given that sea lei pro
posals for the rental of the Casino Hull'llng
located tn ocean Mark, corner Ocean ava.
and Broadway. will he received by the Hoard
of Commissioner* of the City of Long
Branch. at the City Hall Council Chambers,
Tuesday evening. Match 21st, 1022, at 8
o'clock, or as soon thereafter as the mailer
may b" brought on
The successful bidder will bo required to
I pay water, sewer, light and ordinary upkeep
expenses.
Separate bids shall be mad" for each Urm
| (one, two or five yearsi, but same party may
hid on all three terms: rent to be paid In nd
! yance. one-half on signing the agreement,
' and one-half on the first day of June In each
|>?ar, and where the term Is either, three or
five 'ears one-half the yearly rental shall
be paid on the date In each rear of the sign
ing of the agreemcn' No bid will be con
sidered unli ss accompanied by a certified
| cheek In an amount equal to ten per cent, of
! the amount hid, drawn to the order of Frank
j L. Howland, Trcaanrer. or cash In equal
! amount. If the term Is for over one year
securltv win be required.
The Bos t il of Commissioners reserves the
right to reject any or all bids, if deemed to
I bo the best Interests of the Board so to do.
All bids mutt be sealed, marked "Bid* f-r*
-ental of Casino Bldg," and addressed %
, Elmer r. Lawyer, City Clark,
I'ated, Long Branch, N. J., February 51.
1922.
ELMER F. LATVYEP.. Clry Clerk.
Jn fw/trrMwmenf In tlf Lott nnrf
ijrotMMf columm of TUB NEW YORK
HERALD offm* a rral ?/
' rrrrfffing ynnr 1o?t property
1

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The New York herald. [volume], March 14, 1922, Page 19, Image 19
About The New York herald. [volume] (New York, N.Y.) 1920-1924