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Is your present investment yielding a fair permanent interest return and is the principal worth par. Consider our First Mortgage Notes which have traded at par every day for over fifty two years.
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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Oct 06, 1921
Page
8
Is your present investment yielding a fair permanent interest return and is the principal worth par. Consider our First Mortgage Notes which have traded at par every day for over fifty two years.
The text states that orders are also accepted on a give up basis to any member of an exchange of which we are members, indicating a flexible handling arrangement within the exchange network.
Bond sales on the New York Exchange Wednesday October 6 1921 are summarized from Redmond & Co reports. American Sugar Refining Company stock declined to a new low amid worries of sugar supply and new financing. Charles H Sabin resigns as president of Guaranty Trust Company. W C Potter becomes president. Sabin becomes chairman. Morgan partners Edward Stetin ius and George Whitney join as directors as the trust firm reportedly sells more stock. A receiver is appointed for Rubber Corporation of America with liabilities $90 000 and assets $1 080 000, triggering selling in United States Rubber. Steel stocks show optimism for a spring revival, while U S Steel and independents sell off for big holders. Curb trading in New York is lighter, with profit taking and small rallies, oil stocks active with profit taking. Cities Service hits a new high. International Petroleum trades actively after a Mexico Toteco field well.
In London market trading Oct, lack of demand and liquidity kept stocks muted. Gilt edged rose, foreign bonds eased, home rails fell as sterling firmed in New York. Oils recovered after initial drop. Supplies of credit grew, day to day loans at 81% with steady shipping and firm sterling noted.
Philadelphia markets show mixed drifts with wheat lower for No 2 red winter and garlicky variants, oats down for No 2 and No 3 white, corn dull with No 2 yellow easing, and butter advancing on Western creamery grades. Also observed is softer oats prices and scattered gains in nearby prints and firsts.
The company declared a regular quarterly dividend of 2.00 per share on its preferred stock and an initial quarterly dividend of 1.00 per share on its common stock, payable November 1, 1921, to stockholders of record at the close of business October 15, 1921. Franklyn L. Underwood, secretary.
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