Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-11-27
Committee Of the Associated Advertis.
iNr ('luhs

Committee OF the Associated Advertis.
ing Clubs.
Washington adviccs indicate govern.
mental consent to the Armour. Morris
merger. OF the $40. .OOO. 900 purchn u
price, $4,000, 900 will be cash and the
remainder mostly Armour common or
a basis TO equal. approximately, B5 fol
Morris common. also par for $4,000.
900 preferred.
The Hangor and Aroostook RailrOat
asked for Interstate Commerce Com
mission authority today to issue $3.50.
900 IN equipment trust certificates. The
company proposes to buy 200 new
freight cars with funds from the Ger.
tiacatcs aud with other resources a,
its disposal.
-.Aiidvalr steel and Ordnance convert
ib,e ~ Of 1916 have been tho most active
days. probably because Of the belief
that the merger with bethlehem Stcel
il imminent. Although they have high
investment rating. they would un .
doubtedly become n stronger obligation
as n result Of the proposed merger.
An issue Of 500. 900 City Of Knox .
Vile. Tenn. tax anticipation notes.
due September 29. 1928. is being offered
ct u price to yield 4.7j per cent. true
discount. by A. 4. Allyn & Co. These
notes are part Of an authorized issue
of S2.1OO,OW and arc a direct Oblign
tion of the City Of Knoxville for the
sole payment of which the entire income
and collections for the fiscal year are
pledged.
The lnt"rtoroush. Manhattan plan Uf
rraLius,ment has been declared opera :
tive bN concurrent action Of the three
committees representing the securit,
hrldcrs principally affected. The co.'s.
mttee for Interborough Metropolitan
~, p"r cont bonds has according y
"a lied ior payment on December -. tho
purchase price of the new ten.year j
por cent lntcrherSush notes. nmoun, a,
ing to $3.50 on each 5000 bond. or $:;..
Company stock.
-- Application has been madr to the
Governor for charter for the Man.
helm Trust Company. to he located in
Gernantowr. The capital will be
S125.OOO. with S12.iOO paid in sur.
plus. Among the incorporators nre
Charles +. Beury. president OF thc
National Bank of North Philadelphia :
Harold II. Cunningham. Herbert y.
Hershey. Howard +. Meixncr. Major
John q. Muir. Harvey 7. Schlichtcr.
Herman Schwalhc and George T..
Thomas. Lester j.. Swope ~ secretary
al the organization committee,
The New I"rw Curb Exchange has re. q.
moved from trading Continental Motors
Corporation 1000. 900 authorized com.
mon shares. par values $40. and nd Z.
mittcd to trading Continental Motors
Corporation 1900. .0h0 authorized com.
mon shares. no par value. The rom.
inittec OH listinHs and securities rules
that until. and including. Thursday.
December IA. 1922. transactions in the
Continental Motors Corporation rom-
mon stock may be settled hy delivery
Of either certificates Of n pnr value OF
Sln or certificates of no par value. and
that after said date the certificates of
no par value shall be the only delivery.
"A syndicate cOmDosed OF l.. II.
Rollins Il Co.. Harris. Forbes Il 90.
aud tie Equitable Trust Company is
Offering an issue Of $i.NN. 900 first
and refundinc mortgage = per cent
bonds of tho Dayton Power aud Light
Company. due June |. 1871. at a Drlcc
of 33I,. to yield about $50 per cent
The proceeds "f tn" issue will be used
in part TO retire S4.IOO. 900 three yea,
: Ser cent bonds which have been
called for redemption on December !.
1879. and in part TO provide funds
for the acquisition Of additional prop.
crty. The bonds ar" caliablp ~ 1OI
,lp TO December 81 1895; at 1O4 up tn
the end M 1897: at To-: during 1888
at ~. during 1879. and at 1Ol there
after 10 maturity. The issuance o,
the bonds has been authorized by the
Ohio puh!ir Utilities Commits sion,