The New York herald. [volume] (New York, N.Y.) 1920-1924, March 15, 1922, Image 19

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The New York herald. [volume], March 15, 1922, Page 19, Image 19
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The New York herald. [volume] (New York, N.Y.), 15 March 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045774/1922-03-15/ed-1/seq-19/>

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New Issue _ _ _ _ _ _
$3,500,000
$c QJompatty
20 Year Sinking Fund Mortgage 7% Gold Bonds
(Cloved Mortgage)
Dated March 1, 1922 Due March 1; 1942
Redeemable at the option of the Company in whole or in part or for the sinking fund at the following prices and
accrued interest, at 110 to and including September 1, 1930; at 107% to and including September 1, 1934; at 105 to
and including September 1, 1937; and thereafter decreasing 1% each year to maturity. Interest payable
March 1 and September 1 without deduction for Federal Taxes not exceeding 2% per annum. Pennsyl
vania four mills tax refunded to resident holders in Pennsylvania upon application to the Company. y,
Coupon Bonds in denominations of $1,000, $500 and $100 registerable as to principal.
CENTRAL UNION TRUST COMPANY OP NEW YORK, Trustee
1 sad ore Saks, Esq., President of the Company, has briefly summarised his letter of March 11, 1922, as follows;
Business: Saks & Company, a New York corporation, has for twenty years conducted a constantly
growing and uniformly successful apparel and specialty business located at 34th Street and Broad
way, New York City. The business is characterized by rapid turnover of stock, the average rate
of turnover being less than ninety days. The risk of serious shrinkages of inventory is thus elim
inated, as proved by the profits during the last two years of falling prices. The store has always
handled standarized high grade goods and the bulk of the business comes not from transient
visitors to the store but from regular customers of years' standing to whom the new location will
be much more convenient. It is because ef this that it has been deemed wise to move the business
to Fifth Avenue, where this type of patronage is now concentrated.
Building and Leasehold: The Company has secured upon unusually favorable terms a lease for
a total period, including renewals, of 105 years, covering 36,700 square feet of ground on the East
Side of Fifth Avenue between 49th and 50th Streets, including both of these corners, on which it
intends to erect ,a modern store building estimated to cost with equipment approximately $4,250,000
and with approximately double the floor space of its present store. Cruikshank Company in an
appraisal made March 1, 1922, state as follows: "In our opinion a fair and reasonable value of the
leasehold, exclusive of the building, is $1,250,000."
Security: These bonds in addition to being the direct obligations of the Company are specifically
secured by a closed mortgage on the leasehold of the premises within described and of the new
store building to be erected thereon. Concurrently with the issue of the bonds a fund of $3,500,000
is to be deposited in trust for the purposes of the construction as fully explained in the President's
letter.
The balance sheet of the Company as of January 31, 1922, after giving effect to the present financ
ing shows current assets of $8,363,863 of whicn over $5,300,000 are in cash or in United States
Government securities. Current liabilities are $1,100,544. Out of these funds, the segregated
deposit to insure the construction of the building will be set aside in trust.
The Company has no bank loans and has not for seven years been a borrower, except during the
war, for the purchase of Liberty Bonds. The Company agrees not to pay any cash dividends out
of the present surplus of the Company nor out of profits made prior to July 1, 1924, nor any cash
dividends that will reduce the net quick assets below the face amount of the bonds of this issue
from time to time outstanding. The result will be that during the period of construction of the
new building the entire net earnings of the Company will be added to its present surplus.
Earnings: Net sales of the Company have grown from $5,192,000 in 1912'to $14,922,000 in 1921.
For the last five years net earnings (before income or profit taxes) available for interest have aver
aged $995,322 and in 1921 were $1,082,604, in both cases more than four times the $245,000 max
imum interest charges on this issue as follows:
1917 . $645,544 1919 $1,615,341
191 8 709,585 1920 .... 923,538*
1921 $1,082,604
NOTE?'Earning! for 1920 are after deduction of $200,000 paid in connection with the acquiaition of the Fifth Avenue Leaae.
Sinking Fund: A Cumulative Sinking Fund calculated as sufficient to redeem the entire issue by
maturity through semi-annual retirements, will begin to operate not later than 1927.
These bonds are offered for deliverv when, as and if issued and received by us and subject to the approval of our counsel. Interim
receipts or temporary bonds will br delivered in the first instance. All legal matters in connection with this issue are subject to the
approval of Messrs. Cravath, Henderson, Leffingwell and de Gersdorff for the Rankers and Messrs. Feincr & Maass for the Company.
Price 99 and interest yielding about 7.10%
J. & W. Seligman & Co. Kissel, Kinnicutt & Co.
Hallgarten & Co. Tucker, Anthony & Co.
Tho atatementa preaented in thla adrerrtaement, while not guaranteed, are obtained from aourcea which we beliere to ke reliable.
We take pleasure in announcing the
admission to our firm as general partners of
JOSEPH W. BURDEN
RCJSSELL E. SARD
$rtttce 8c mftitelp
fXabllahed 1878
Mrmbers New York Stork lixchanzc
52 Broadway, New York
March 11, 1922
Odd Lots
W rite Uep . 17
A fmnhrr.i Xmr York *toc*. Exchnng?
71 Broadway, New York City.
DIVIDENDS.
to equitable
TRUST company
OP NEW YORK
. EX DIVIDEND TABLE.
March 15
Allled Chemical ( Dye Corp. pf...,
American Car and Foundry
American Car A Foundry pf
American Steal Foundrlea pf
Crucible Steel pf
Oeuerdl Amcrlran Tank Car pf
Oulf Slate* Steel 1st pf
Manhattan Shirt pf
Ho. TVn*t TVnn Pipe Llnea
Standard Oil of Kentucky
March Ifl
l.ehlch Valley Coal Sale*
March 17
Amerlian Telephone A Telegraph...
Pennsylvania Water A Power Co...
Hallway Bfecl Spring
March 20?
< a llfornla Petroleum pf
Ciantiler Motor far Co..
\V."t>rn Pacific H. n. Corp. pf
MticI, 21
Pplllhonr Mulllken Co. I?t pf
Pmtlbone Mulllken Co. 2d pf
Mn i ch 22
1'nlverMl Leaf Tobacco
Vnlveraal 1/caf Tnbaeen pf
1.75
.1 00
1.75
1.75
1.75
1.75
1.75
1.75
1.00
3.00
3.00
1.75
1.50
1.50
0'ock of Par
Record. able.
i American Brake Shoe A
Foundry Co.. q., $7 Mar. 54 Mar. 31
I American Brake Shoe A
Foundry Co.. q . pf.. $1.75 Mar. 24 Mar. 31
| American Oa* A Electric
Co., q.. $1.25 Mar. IS Apl.
I American Ua* A Klectrlc
Co.. q., pf., 7,'ic Apl. 13 May
Hank of W. Y., N. B. A..
q.. $5 Mar. 21 Apl.
Brunswick - Balke-Collender
Co.. p., pf., $1.75 Mar. 20 Apl.
Carolina Power I,ljtht Co..
q.. pf.. $1.75 Mar. 17 Apl.
Oold-Stock Telephone Co..
?1.. $150 Mar. 31 Apl. 1
Greenwich llank. q.. $.'! . . . Mar. 21 Apl. 1
Imperial Tobacco Co., Can
ada, Interim. $1.50 Mar. 2!> Mar. 31
Imperial Tobacco Co., Can
ada. a.-a., pf.. $.1, Mar. 21? Mar. 31
International Telcphone-Tele
Kraph Co., q., $1.50 Mar. 30 Apl. 15
Kerr l,ako Mine*. q.. 12\fcc... Apl. 1 Apl. 15
Mnlllnaori A < o., q . pf..
i $1 75 Mar. 24 Apl. 1
| Montreal Tramway*. q..$2.5?.Mnr. 'JO Mar. 28
National Licorice Co., q.,
pf.. $150 Mar. 24 Mar. 31
I Northweatern Yeast Co..
I q.. $3 Mar. 12 Mar. IS
Northweatern Yca*t Co., tx
' 'ra. $3 ? Mar. 12 Mar. 15
I Prairie Oil A tia*. Co..
! q . $1 Mar. 31 Apl. 20
Pratrl" Oil A Oas Co..
| ' *tra. $1 Mar 31 Apl. 20
I Steel A Tube of America.
q.. pr.. $1.7.1 Mar. 23 Apl. 1
I John I!, Thompson Co., q..
1 pf.. $1.75 Mar. 25 Apl. 1
John 11. Thompson Co., q..
*2 Mar. 25 Apr. 1
, Western Union Telegraph
Co.. q? $1.75 Mar. 2" Apl. 15
Won'Ster ConaolMtti.il Stmt
Railroad, pf., (2.50 Apt. 1
rF,N>Mi i.vani.* mi .
nil, CITY, March 14.?Credit balance*,
13,25; mn?. 113,578: average, 10.4PO Ship
; trienl*, 115,742; average, 43,598.
BUYING FOR EUROPE
GIVES WHEAT A LIFT
Rains in Sonthwest and Liver
pool's Weakness Have
Little Effort.
Chicago. March 14.?Upturns in
wheat resulted to-day from enlarged
commission house buying, based more
or less on opinions that a rally was
about due. The market closed unset
tled. at the same as yesterday's finish
to 1*; h idicr. with May $1.3S% to
?1..TR\ and July SI.16"4 to 11.15*.
Corn pained %c. to 'jC.: oata finished
14c. off to \^c. advance, and provisions
varyed from unchanged figures to 20c.
up.
Not-withstanding lower quotations
from Liverpool. no rush to seil wheat oc
curred at the opening here, and the fart
/became evident that liquidation was
ended for at least the time being. Fur
ther rains In the Southwest, like the
weakness In Liverpool, counted only as
a transient bearish Influence. With a
few strong commission houses taking to
the buying side, the market gradually
developed an upward tendency, which,
during the greater part of the day, much
more than offset Initial declines In
price.
Tteports that 2,500,000 bushels of Ca
nadian wheat had been purchased for
shipment to Buropc and that in addi
tion Germany had bought some whi>?t
helped to strengthen values in the last
part of the session. It was said. too.
that a large amount of rye had been
worked for export.
?""orn and oats were steadied by
wheat's action and toy smallness of re
ceipts. TCxport and domestic demand
for both feed grain*, however, was
rather low.
Packers' buying lifted provisions, al
though for a while lower quotations on
hogs bad a. depressing Influence on
value*.
rmrAoo rulers.
Trev.
Open. Hl*h. I/Otr. Close. <in*?.
WHEAT?
May 131H 1.14'<, 131'i 1.14 132'4
?inly 114% iiai. m\ 11?<4 11"
Hei>t?mh#r..10* 100% io* 100 too
ronN
Mnv 0014 ni'i si at', no*;
July fi.T; n4'4 ?2*4 04 H.1S
September.... ?r.\ BR1* <t0'4 <W
OATH -
Mnr M Wi nt'4 i .'IK'i
.tills- 40 4014 4?'i <i"i
Sent ember.... 40", 41'4 401! 407, 40">
TtYK
Mnv 102?; 10.114 1011; 10;'i 101
J11I v 90*4 J?2?4 M?4 02'4 W
t,.\nt>~
Msv 10.00 10.05 10 SO 10 00 10.*'
Jul v ... in*'. 1112 10*0 it.10 110.1
miiF -
M*v 10 2r. io?2 lo:>r. 10 no 10 to
July 10.00 10.10 P1>7 10.17 10.10
HT.VT JOKK PRICKS.
wmBHT-No. a M. ?M1; Vs. 5 hart.
?1.41; Vs. 1 Mantle* s. II.M; N?. t tnltad
durum, $1.37 c. 1. t. track New York to ar
rive.
C1)R\ -No. 2 yellow and No. J white,
7.V,c.: No. 2 Mixed. 74-V. ? . i. f. New York.
OATS?NO. white, No .1 white, 4?;<*.:
N"i. *1 white, 44> .; faney clipped white, 88c.;
ordinary clipped white, 90'^9>"1c., all eleva
tor.
RYE?No. J Western. *1.14 f. o b. and
*1.12' ? c. I. f. New York export.
RAR1.EY-Malting, 75?79c. c. I. f. New
York.
HI CKWH EAT?Market ateady. American
and Cam?liati, A2.4flfS2.30 per 100 Ih'
HAY?No. 1, *-7'<> -3; No. 2, $28?-.'7; No. .1.
$21''.>28: shipping, $21^23 per ton Timothy,
No. .1 to 1. larcc hales, ton, *-."17-*: ship
ping. $21622; no (trade, *r_"<}t0'. fancy
'loser mlve<j, *2<1: No. 1 clover mi?ed. $2.">4f
24: No. 2. $21922; heavv mUed, *ir?'.'o;
alfalfa. $18ff2G.
STRAW?No. 2 rye. |SJfS4; tang'rd r>e.
$23923; No. 1 oat, $21 #22; bundled wheat,
$2X: tangled wheat. $24.
INTERIOR RECEIPTS.
Wheat. Corn i.)Kti
Yesterday 803.000 I.OH.OOO 586,000
l.mt week 71?.i??l 1,459,000 572.000
l.ast year 674,000 1,042.000 ?m.OOO
SEAnOARD CI.EARAM'F>.
Flour. Wheat. Coin.
Ye?terday .12,000 ?92.ooo .W.onn
I,a?t week IH/ilMI 850,000 1,271 .000
bant year 8,?00 ra-t.OOO WI.OOO
SHORT TERM NOTES.
Rate. I>ue. I'll A-<k#1
Alum' To of Am... 7 Nov. 1925 lrtl'i 101 ><
AluraCo.ofAm.. .7 Oct. 1031 102", inj',
AmCottonOII.. . .0 ?'ept. 2."24 06!*' OS',
AmTelATel 8 Oct. 1023 RW7-I8 109 ,
AmTeMtTel 8 Feb. 1924 100 1 .'>-18 101 1-H>
AmThread ? I**:. 102* l">*i 1?? ?
AmTobanco 7 Nov. 1022 lOfl'i 101
AmTobecco 7 Nor. 103:1 101 , io.''?
AnainndaCop. . .8 Jan. 1929 !l? ?> ,
AnacondaCop. . .7 Jan. 1929 J0l'\ 103
AnpAmOil.Ltd.. 7H April 1925 Itt>, H .: ,
Armour .Oonvil..7 July 15.'3D 103.'a 10.1 ,
UAoHRColl. . . .? April 1921 98 9fc t
llellTeiofCan.... 7 April 1925 101 101 >,
BetblehomHtl. . 7 July 18/83 101!, 101
? anNorthernKy.S'4 Doc. 1923 100 1004, i
< an Northern Ry. 5 H Doc. 1924 99'* 100<?? ?
CanPaclflcRy. . .8 Mar. 2,'24 100 . 101', 1
Cent Argentine. . 8 Feb. 1927 03 <t 94
ConaOaaofNY...7 Doc. I.'22 101 lot ,
CopKipAasn.Inc.H Feb. 18,'23 1(12 lOJ'f i
<opKxpAasn.Ioc.f| Feb. 15.'21 WJ\ 103'?
I'opKxpAssn.Inc.s Fob. 15.'25 104 lot',
ludaby Packing.. 7 July 15/23 100J< 101'a
Federal SugRef.. .6 Nor. 1924 9?'? 100',
TbeHFGood.cnv.7 April 1925 98?* 98 H
(j ulfOilCorp 8 July 1923 I0o;i 100H
tiulfOIICorp 7 Fob. 193 1 IQ3M 100
HJHeinz 7 Doc. 1930 1CM'? lot*,
HocklngValloy.. .0 Mar. 1924 W!? 09',
lliimhloO&R.,, .7 Mar. 15,'2.< 100.', 101 !%
IliT mtiv 8 Sept. 1922 80'? 81 >,
KanCltyTerRy. B Nov. 15/23 100'? 100 ,
kcnoeoottOorp. .7 Fob. 1930 1021,' 1C3
l.a> ledoOIil&rof. 7 Jao. 1929 97 97 4
I blladelphla 8 Feb. 1944 96X 96
Procter&Oamble.7 Mar. 1923 101 H 101 H
RJReynoldaTob.8 Aug. 1922 100X tOI
Bears Itoebuck... 7 Oct. 18, 22 100'* 100' ? i
Bears Koebuck... 7 Oct. 18/33 99?j 99 ?,
Bohaf 8 Oct. 1927 102'? I0H?<
taut b west Bel I'l'el 7 April 1925 102}? 102',
BPl'nDepotliu. ,5K Doc. 18/23 100 10014
WtatidOIINY 7 Jan. 1928-31 101 I0?H* ;
HtandOliNY 8M May 1933 106M I0t("i !
Rwirt 7 (Oct. 18/25 101 , 101H
8wlft 7 Alig. 18. '31 10* I0:?'4
TbeTexasCo. . . .7 Mar. 1/23 101 101 H |
UtahSea' orp 0 Hept. 18/22 09'. 99 ,
VacuumOll. 7 April 1938 107 107H
WaatF.lec.CoDV.. 7 April 192A 108^ !Ort ?
wtsconslnKCeon 8 May 1994 94 98
$2,500,000
Minneapolis, St. Paul &
Sault Ste. Marie Railway Co.
First Refunding Mortgage 6% Sinking Fund Gold Bonds
SERIES "A"
Dated July 1,1921 Due July 1,194?
The Bonds are not callable as a whole or in part
Coupon Bond* of $1,000 and $500 denomination with provision for registration of principal. Interest payable January 1 and
July 1. Principal and Interest payable in fold in New York. Total Series "A" bonds authorised and issued $15,000,000.
GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE
These Series "A" First Refunding Mortgage Bonds are secured by direct mortgage lien on all the com
pany's railways and appurtenant property now owned, subject to the Company's prior bonded debt,
outstanding at the rate of about $22,583 per mile, and on all property hereafter acquired with the
proceeds of bonds issued under the mortgage.
The Canadian Pacific Railway controls the Minneapolis, St. Paul and Sault Ste. Marie Railway
through ownership of a majority of each class of the outstanding stock.
The company's lines directly owned and mortgaged under the First Refunding Mortgage comprise over
3,305 miles of railway, extending East and West from Minneapolis and St. Paul, giving these cities outlets
to the Pacific and Atlantic coasts in connection with the Canadian Pacific Railway. The "Soo" Railway
Company in addition controls the Wisconsin Central Railway of 1,023 miles, a division into Chicago.
The Company has outstanding $12,603,400 preferred stock and $25,206,800 common stock, and has
paid cash dividends on each class of stock each year since 1903.
W* offer this* bond$ for delivery when, ma and if issued end received by us. and subject to approval of the iaaue by
the Interstate Commerce Commission and by our counsel. It is expected that definitive bonds or interim receipta
of Dillon, Fead? Co., exchangeable for definitive bonds when received will be deliverable about March 3t, 1922.
Price )03Vi and Interest. To yield about 5.75%
Dillon, Read & Co.
Tht information contained in this advertisement ha* been obtained from sources which we consider reliable.
While not guaranteed, it is accepted by us as accurate.
Late Buying of New Crop Op
tions Shoots Prices T'p
3 to 32 Points.
Cotton prices rallied briskly vesterday
after an early decline of - to .1 poln
?nd closed 3 to 32 poln ts betterthai.
thev did on Monday. Most of the late
buving movement was of new cr?0
options and helped hy strength of
securities and a sharp recove.yoffnr
ol-n exchange. Much of the sesslon s
business was swltohlnK from old to new
Prop months, the latter showing In
rrcascd activity. Premiums on near
positions were reduced about 20 to *
points as the result of those operation..
In early dealings there seemed to be
a good deal of liquidation of March and
Mav Seventeen March notices were In
circulation and depressed that option
at the outset. Bears sold on a mote
favorable weather map and early uns^t
tlement of exchange The H"*
reau's consumption report_showin* I
mestic consumption of 4^73 bales in
February, in contrast to Wo.llo in Feb
ruary 1921- w?s largely discounted and,
therefore, lost much of Its effect on
\alues The number of active cotton
spindles on February 2* was ?.797.3?. in
contrast to S2.496.SS6 on February -?
1921.
?Liverpool Interests and the trade
hought a little cotton In the first two
hours, cables from the English market
being a bit better than expected. At
the time of the local call Liverpool
off 7 to 8 penny points after having
opened at 6 to 7 points lower T,1verpoo
futures were due 13 to 17 points net
lower. Spot business abroad showed a
falling off. with sales of only 7.000 bales
rrportM.
Th* local spot market wa* *t#ad>. n<
un-hanged. at 18.43 for middling The
Sew Orleans spot market was steady
and unchanged at 16.7H cents for mid
dling. Its sales were 1.686 bales. No
sales were reported here.
Hiinje of prlres:
Open
ing. Illrh. l.ow. '
w*~ 17 93 \l?? IT.ii
fr us \im I
XVobeV*::: i?:?* i?-? 122212 JJ-JJ
TV. ember . 1?23 Id '* 16.13 ? {? ?
Janttarv ... IO.oo 16.33 10.00 t? o-.
t.IVERPOOI..
Spot cotton limited demand at * J^n" '''
ell," intdrlllnir. in.flld. 3Ble* ..000.1m
nortft 16.000; An?? rU'ftn. 10.000. 1 wJurea
,,p. n.'.l steady ?t it to 7 points decline. < lo?*'t
?t H to 10 P'.lnts deeUiv. March,
tons- May. 10.57: July. 1" 13 Octobtr.
.Iammry 9.ir.. Manchester: Yams firmer
. lotlis more demand.
STATISTIC.
Vaster- l.as* I.asi
.lay. Week. V-at^
j:"r'!:wlp" ?? ?&" 3o".?7
i.tporta -? ^ -j,, 4ii,
Kxports, aeaaon.3.943.91 - ^.sjj.oj^ ""1V-'''.,,T
Vew York stocks .9.10. ]?>??>' , "i'"..
Port stock, 1.049.MW 1 .??.!? l.t.1.
Interior receipts. 4,38.. ' J tfl;,ns
interior shlpm ts 10.3*3 .
N. Y arrivals.. 1.*?
COTTON CONSUMPTION GAINS.
Morr ?nlndle? Active Thun a? ??n.e
Tlmr T.nat T'ltr.
W a SHI NO TON, March 14.?Cotton^ con
iime,! in February amounted to 473.0,:: ,
hal^s of lint and 38.309 bales of linters.
compared with 393.113 and 3 ,...6., In
February last year, the Census Bureau ,
announced to-day.
Cotton on hand February 28 In con
suming establishments amounted to
1 r,9?.382 bales of lint and 1<.,4i. or
1 Inters, compared witfi 1,187.155 and
"H? 243 In 1921. and In public storage
nnd at compresses stocks were 4.221.830
lint and 122.643 linters, compared with
503.139 and 322.863.
Imports in February^ were 04.<61
bales, compared with 28.0 Exports
for February were 338.440 bales. Includ-,
Ing 1" 69? hales of lhit. compared with I
493 426 bale*. Including 0.713 of linters
iii February last year.
Cotton spindles active In februsrv
numbered 33.797.329, against 32.406,836
in February last year.
MIMHIN wool. AI I TIONN.
t nxpov, March I' There ware 11, >*?
hales offered at the wool auction sales to
h.v It wai a superior selection and the
dgiand -*ss spirited _?t ft.H cwirant rate-.
Flna merlnoa ware esparlally active. Moat
?f tha effsrlef" wara aoM.
Can You Depend On AH
Your Investments?
WHEN you check over your list of investments, do you find
all of them entitled to an AAA 1 rating ? Or are some of
them defective in security, inferior in mortgage lien, uncertain
of payment?
You may depend absolutely on every Straus Bond in your
strong box.
These securities are justly entitled to the highest investment
rating, because they are based on solid values and assured
earnings, and are surrounded by all the safeguards of the
STRAUS Plan?which has protected our clients from loss
for 40 years.
Call or write today for literature describing these sound first
mortgage bonds. They are in $1000, $500, and $100
amounts, and in serial maturities of two to about twenty
years. Ask for
BOOKLET C-765
S. W STRAUS &. CO.
INCORPORATED + OFFICES tN FIFTEEN PRINCIPAL CITir* * rSTABLISHED iRSl
565 Fifth Avenue?STRAUS BUILDING at 46th Street
Telephone?Vandcrbilt 8SCO
FORTY YEARS WITHOUT LOSS TO ANY INVESTOR
Copyright 1922. by STW7 Straus & I >
lT. S. CERTIFICATES AND NOTES.' FOREIGN INTERNAL BONDS
Bid. Agk.
i'*t i ib 100 n .u
4 1-3
5 .1-4
1-2
HKi
ioo n n
UK. 1-4
ioo :-,-s
100 3-S
Mon,
Hid.
100 I 10
100 13-32
Ap'
100 I 2
100 13 "'J 100
1'x> :: ? 100 1 I
100 . ; ?
Iim) i ?
:o22.
Month, r C.
?June.. 4 I I
Mtmr.. 1.3
viit . r> 1-2
?Kept . 4 1-2
H?pt..
?Dae..
102.3.
M'v .
10" I.
?.Inn'.
?IVpt.,
injr..
'Mill.. 4 3-4
lOVfl.
?Mch.. 4 3 1 100 7-f 101
?A''i 'Diablo In p?yni?nt nif Frdaral (air* on
th? datea of maturity.
100 .. ?<
lyo 3 s
102 3 1
102 7 10
102 3 I 10'J 7 *
102 7 10 102 !i 10
100 34 100 7-f 100 , I 411
10(17-8 4.40
Ijoan* nut li?u?d
1
\rfci~ntln? tunllxt)
li. iRlmi 1 r"<tor'< 1
111 .1 !*li Vl< ''try.. .
<'ntill''a
1
''????in
< :ul?mbl*
1 '?"?i.-i Ii 1 ? ?*
Krtrwh Victory...
Kr-'Wli l^iin
Kr> eh I't nuum.
Kn iich I .'>?n
I'.-i' W?r I^an..
| ( Hr? 11
I'riipimV
Una II IM* V I ,\
0!?
Iaau< I 1011
laaued ion
K 1 . 10J?i
In ABierlran dollar *a!ii
Hal" I >!!? Ilnl *
H- pi "Hi 77', 7
' Ipllo 1 1031
1 l*Mi?'d 101 1
3Vi Nov. . 1021
Mat. Ii 1H37
.V j N<i%.. 10.. I
ti l**tl?d 10!". ii 71
.1 Opt Inn 10.VM :.o
:. option m:: 1
4 ' tptlon 'Oil v:t?
."1 7*'? NO
?; Option I1WM T*', ??!
T1'%
UNITED STATES TREASURY STATEMENT
fp'rtal Pinpfitfh to Tn? N?w Ton* Rmittr.
Revtlltw ravclpt* and tp?ttiituri*? *? ?
Thla
month
113.010 o:.o
New lorl IImhI.I Riiraan. )
11 n?hlnf1?m, It. M.m h 14. (
'"?o of bwlwni Math 11:
Corn Kptm ding
Tt< -r|pta ordinary:
Cuftoma
Internal revenue;
fpiomr and tat
Mlactllaneou*
Miscellaneous ri" ? ntie
Panama r-anil tol>?. *,... ..
Total ordinal}
Rxr??a of ordinary rawipn n\ ? 1
ortllnat i Ulaburaemcnta
Eveaa of ordinary disbursement*
over ordinary receipt* 1.077.101
Total ordinary Olaburaement*
Halanc? to-.iay. g|*fl.n*o?.i?
?ni-r*l(>t* a tv *1 i tin? I-tit? foi .tun*' 1 ?a(
41,9"5,4."'0
33,721
11.10" 17 .
"T.'i 00."
105 0119,1.Vi
Period
im'
Si V 082.700
0 ? .or. >io :
? 1 vi..his
11 071.1
; h" i*"
11
131,837,MS
?ri*r*1
' far 10'.' 1.
I22I.3C0.7S7
1. :no.i:,t i?o
*vi ion,ot?a
300 xi-J 11
s.22ii.0.W
2.7SH.124 110
428.077.
15*.703,1*:. 2.3.17 1rt? ,r,
hlng tin Ti ?ani'? In July ,
CorreaponrilMS
J"-| l.'d fl?. H|
"11 1020
>-'0i ,71* 101
1.1*1.1,443.103
1.047.WKt o. 1
"01 710 137
i7.n.*
.00;,,017.47".
189,842.034
3.480.004 *;?(
v Iri'lud >1.
MiMirn
Sew York Slork lixthange
and all other leading exchanges
J.S.BaCHF.&Co.
(ESTABLISHED 1892)
Inquiries In' tied
New York Chicago
42 104 S?. La Salle 5?.

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The New York herald. [volume], March 15, 1922, Page 19, Image 19
About The New York herald. [volume] (New York, N.Y.) 1920-1924