Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-08-12

% will utilize aud conserve these ma
irrinls as we'll as contribute to all other
economics 81 production end disifihu
I t,un
cities service Company Preference d
Preferred stock
Citi"e Service Company Preference I
Cumulative Preferred stock has proven
most popular with investors. the So
par value uf this stock. combined VIII
the monthly dividend feature evidently
appealing tn the small investor. Or
Iul, !. 1899 dividends uu Preference q
uurk were paid tn 2.r3l shar, huldcr
1T record and rt these. bat 300 held
uIW" than 100 rhIfrs. while bk itT the
Ertttr.t uutul.r ut share holders held
lrr than Geo shares. there lolug GO
hull'- &c i.u shares or lrs. There
hiH hrUu a ,irsdv irrr,as, iu the uu o.,
hri ui holders ct record m pr'iri'ur.
o. shares February ut. there Wrr,
:3,a ltuldtH ~ record March lst th.r,
were 1886. April lat. 2.Hi. Mas H.
$3.50. June lgt sN53 nud Iult ist o 1874
n j, plsn worthy ~ note that of the
''il holders ~ record uu I'M, isi
tl'Nr GS4 which we're not holders oi
amy th,r Gates Service Company scDu,
itl't
Water Power Commission.
Announcement 81 IA" organization
plans ~ thc water Power Commission
v.ll hr forthcoming within q short tlmr
I'd" comptroller ~ the treasury has
been asi,'d Cor the clucidntlon of Ger
tain glruuu involving the nppropril.
tlpuy under the water power I'm. aud as
sHun ps these natter. are settled. and
the rules and regulations now being
prepared 1907" completed real action vii
l"gin q e. Merrill. chief engineer II
thr iuI.st Service. WIN be- in dire 4
command ui the staff organization ~
ESQ. filf' secretary. but the War. In
trriur and Agriculture Departments.
who's" f...ttlri,s compose the commits
SION vii Furnish large percentage 81
the clerical fore. Almost nfiy nppii
CATIONS formal and informal ulrctd,
htl" hr o. filed and tI, being listed ioi
pul location iu accordance with th, $50
o. rpuW.r h,v n b. spo lfiud that Hd.
Nrutis'Wrut of Do" proposed project
shall Dur'luu, fur ,.ghi weeks before
APPROVAL. in order that lll iutur' strd poi
s.u' shall have en- opportunity Co. hr
heard nvfurD DO. ruumi sion The $40
pl.DliIurS hHN. com, from an section
~ thr rusn'r'. and Boo several projects
which h1rc long been under cunsdctl
t.ur. and have only awaited IN, enact.
W'uI uf ih" water power legislation. y
l. vil thit construction work can be-
u1uCu1i'd before the winter sets In.
Corporate Financing.
u iring 90" first siN months ~ 1890.
corporate financing in the United stat \
broke rll records. say Dow. Jones' a
60, luth ~ 90 IN" number Of new ~.
,urii"s Heated and the amounts invulv
"d The aggregate 81 new securities D..
sued in ~" first half ~ the year reach.
'd thD enormous amount ~ t2.ii7. 0G6 +.
tin as against ttt9iii532i In tho
1Wc period IT 1919. In the fun year
uf 1919 total new financing aggregated
fsrii HNN nuO. which was the highrcc
orb figur" up tp that time. Financing
m1y drop uff considerably during thu
h'lHnD" Il M, year and vet set up "A
new high record for twelve months 4
feature of this wears financing liz the
comparatively small amount that was
used for refuuding purpu,',. 81 p'r
cent against 9lN per cent iu the nrsi
Hr uunthts uf 1879 The largest part
~ new money obtained this year was
tor 'hD purpose uf expansion IT indus
'riu corporations. principally uil and
motor Industries considerable nniuc
INK Wl~ ul~u necessary tp obtain adli
ii"nl working capital fur corporation
w ''"f'N ~ Wv NlAh lll'N N INV
material and ether 'ummudlibw 10
view II 10" fact that throughout the
Noir money has l.un extremely tight
aud credit restricted thu absorption ~
new securities hy ~" public has hrrl
Very few loans failed ~
siccrrsful 0u'Htiun Those which la
part nr" Hill IN uudofv ritora hands
nr" ~ pr"trd 60 find ready market
when tuuuTY becomes pafirT. Some *
p"rtf un mooney condition. tr,. ~ th.
"piri'n thIt the peak Of hirh rates. for
capital ha Sn'e ur'irhci lnd that from
now ur lcs .ning 81 druind fur mon, d,
fw industries vii have favorable II.