davidaulloa/AmericanStories huggingface dataset:
Norwich bulletin., 1922-11-24
MAYoF's OFFICE. City of Norwich. Cennecticut.
To either Sheriff Of the C&y of N
 u-ich (snnr -(.R EEEyI,IN-C..

To either Sheriff Of the CHy of Nor
 wich, Conn.-GREETISG: ,.
 You are hereby directed to warn tho electors of the City Of Norwich to mee'
 Hall in said City on Monday, Dec. 4th 1929, at o'clock in the evening, for the following purposes:
 To authorize and sanction the borrow Ing Of S15o,000 for the purpose of paying the bonds of the City issued Jan, 1SC 1898, for the City Water Works in the amount Of S15O,0O0, which become dut and payable on Jan. 1st. 1923, and authorize and sanction the execution 0 note or notes of the said City therefor Co1rt of Common Council of said CitS shall be authorized to appropriate a sun not exceeding S5.eoo for the contiugepf expenses of the City during the balzncs | of the present fiscal year. and to author lze the borrowing of such sum as may bt | zppropriated, and to authorize and sane, | ton the execution Of a note or notes os the said City therefor: also to auth11D | the borrowing of such sum or sums o1 money not exceeding S3o,oQ0 ss may bf needed from time to time for the currens ! expens8 Of the CSty. the same to be Borrowed in anticipation Of and to De | the City from the ToWn of NorNich. tlhs County. of New London, and the S<ate> oi IC0nne4icut during the city's resen' | dscal year on account Of hiEnwzya tho courthouse and the bank and insurancs ta3, and to authorize and sanction -th, ! execution Of a note or notes therefor also to determine whether or not ths Court Of Common Council of said Cits shall be authorized to eUpend any bzi ances Of specific appropriations heretof1r, made and not needed for the purposes fel which said appropriations were made. 10, other legitimate purposes and exPenses Q the City.
 Dated at Norwich, Conn, this sd d: lof November, 1892.
 .t.., MILO R. WATERS
Norwich bulletin., 1922-11-24
nov24d
. NoIlS5 re cHEpLToEs. ,,,

AT A COURT OF PROBATE HELU at Montvilie, within and for the District of Moutville, on the 25d day of Septem- Der, A. D. 1922.
 Present-DAN D. HOME, Judge.
 Estate Of James Bradford, late of Montviile. in said District. deceased.
 Ordered, That the Administratrix cite the creditors of said deceased to bring in their claims against said estate within sit months from this date, by posting notice to that effect, together with copy of tAis order, on the signpost nearest to tbe plaes where said deceased last dwelt, and in tht came Town. and by publishing the sarnG once in The Norwich Bulletin. a news. paper having a. circulation in s1jd Dis- trict, and make return to this Couft DAN D. HOME, Judge The above and foregoing is a true copy Attest: SUSAN F. PLouFFE,
Norwich bulletin., 1922-11-24
BUILDING
LEGAL NOTICES.
NOTICE TO CREDITORS.

NOTICE TO CREDITORS.
 AT A COURT OF PROBATE HELD at Norwich, within and for the District of Norwich, on the 23d day of November A. D. 1922.
 Present-NELSON J. AYLING, Judge Estate of William B. Cousins, late d Norwich in said District, deceased. Ordered, That the Execartrix cite the creditors of said deceased 10 bring ii their claims against said estate within si1 months from this date. by posting a notice to that effect, together with a copy of thiS order, on the signpost nearest to the piaci where said deceased last dwelt and ir the same Town. and by publishing the same once in a newspaper having a cir. culatSn in said District, and make return to this Court.
 NELSON J. AYLING, Judge.
 The above and foregoing is true copJ of record.
 Attest: HELEN N. DREscHER,
Norwich bulletin., 1922-11-24
For Sale

 One two-family house, Seven and eight rooms, all modern Improvements, one summer kitchen also Eaf1ge for two cars, two poultry houses, apple and pear trees. Lot 6exx1be Five minutes walk from Franklin Square.
 One tHo-fzmily house. seven and eight rooms, and four rooms on. the top floor, all modern in1nrovemefts, with garage for two cars. Located in the best section in town. Lot s5x1TP. 7 One four family house, five. eight, six and four rooms, with all modern improve menfs, located in the nicest section in town. Good investment. Lot 20ex250.
 Also two two family honses six and seven rooms. with all Modern improve. fnents. Lot 114112p. A great opportunity $2,OO0 cash rs4uEed on each house
 FhrW of 151 Afres en state road, nine. sieht milk cows, e6op with 100 chickens horse, three hsafsrs. lot of wood. stocI and tools for $6.Se0s For further par dculars, inquire of JAMES E, MOORE.
 Rssns 111-i12 Thayer Building. EFaSkitz sqaaFe.
Norwich bulletin., 1922-11-24

NorIcE.-AlI cr,ditors of said ds. ceased are hereby notified to present their signed at II Champlin St, Norwfch Conn, within. the time limited in the above and foregoing order. a-
 WILLIAM ". IVES,
 nov24d Administration.
Norwich bulletin., 1922-11-24

AT \ COURT OF PROBATE HELD at NorRich, within and for the Distric of Norwich, on the 2sd day of November.
 Present-NMsoN J. AYLING, Judga
 Estate of Martha Gardner. late Of Norwich. in said DiFtrict, deceased
 Catherine Ringland Of Norwich, Conn, appeared in Court and filed q petition praying, for the reasons therein set forth, that an instrument purporting to be the last will and testament of said deceased be admitted to probate.
 wnereupon, It Is Ordered. That said petition be heard and determined at the Probate Court Room in the City of Nor. Mch. ln safd District, on the 9th day ol December. A. D. 1922. at Il o'clock in the forenoon. and that notice of the peDdenc5 of said petition. and of said hearfnR thereon be given by the publication oi this order one time in some nevspap<l having a cinInlRtfop in said pjNritt A' lealst three days prior to the date uf said nearing. and that reurn De made to thh NELSON ]. AYLnTc, Judge. The above and foregoing e true cop, kttsss HELEN ". DREscEzR naE71 GGE
Norwich bulletin., 1922-11-24
,t MILO R. wATERS, Mayor of the City of Norwich.

[ hereby certify that the above anS 1 foregoing Is tine warning directed to me
 for Service by publication. , -,- Attest: ABRAHAM SIBGEI.
 A SierIn of the City of Norwich, Conh,
Norwich bulletin., 1922-11-24
MARRIED

SMITH HALL--A A Soutl Wilmington, Nov 23, 1922, by Rev. Earl W. Darrow of HolyoiIe assisted by Rev. W. V: Allen of SoutHs Wilmington, F. Russell smith Of Norwich and Miss Clara Alice Hal; of soutlr Willington. WHITM MARSIl-ALLARD-I this city, Nov. g, 1922. by Rev. NJ. H. May: Warren T. Whitmarsh of Gruton and Mrs Maud A. Allard of fl Boswell avenua.
Norwich bulletin., 1922-11-24

NoTICE.-All creditors of. said de. ceased are hereby notified to present their claims against said estate to the under. signed at R. F. D. 2, Norwich Conn. within the time limited in the above and foregoing order.
 HARRIET M. COUSINS.
 nov24d EHecutriI
Norwich bulletin., 1922-11-24
Attest: SUSAN F. PLouFFE.

NoTIcE.-AN creditors Of said d.. ceased, ara herthy notited to preseaj their claims against said. estate to the undersigned at MontyfIle, Conn. within
 s JANE F. BRADFoRp.
Norwich bulletin., 1922-11-24

Thoreusf knowledge of welding and preheatins plus adequate facilities and equipment enables US to under take WELDING work that others often are unable to handle properly.
 If the casting or forging is too heavy to bring to US our portable equipment enables US to go to the work.
 No piece of work too large or too small.
Norwich bulletin., 1922-11-24
noy24d

AT A COURT OF PROBATE HELD at Norwich, within and for the District of Norwich, on the 2Sd day Of November, A. D. 1922, -, E
 Present-NEISoN ]. AYLING. Judge.
 Estate of Leonora J. Chapman, late of Norwich, in said District, deceased.
 The Administrator appeared in Court and filed a written a5piicztion alleging that said estate is now fn settlement in said Court. and praying for an order to sell certain real estate belonging to said estate fully descibed in zld application.
 Wherenpon, It, Is Ordered That said application be heard and determined zf the Probate Court Room in the City Of Norwich. in .sah ptartc&. on the 27th day of November, A. D. 1s22, at 3, o'clock In the forenoon and that notice o6 tAe pen dency of said appijcation and of said hearing thereon. He given by the pubn- cation of this order once in some news- paoer having a ckcuIation in said Dfe- trict, at least three days prior to the dale Of sad hearing and that return Do made
 NELSON d. -AYLING. fudge. The above and foregoing is a true copy AIsa: HELEN M DREscHER.
Norwich bulletin., 1922-11-24
: -.ietin For Sale
 Advertisement Will Sell It
BokS

rot StHAN-ln Hartford. Nov. Is, 1922, | 2 daeghter. Eeta Arlene, 10 Mir. and 2 s;sr4. Harold J. Counihan of Franklin :" IyCnuc, Hartford.
 BL AkESIEE-in this city. Nov p. 1922.
 a son to pr. and Mrs, Paul Beecher ! Blakeslee CEhSa5eth Ellis) NAFIE--In, Norwich. Nov. 2, 1922, a son to Mir and Mrs. Eugene Harold { Naie Of 47 Hamilton avenue.
Norwich bulletin., 1922-11-24
A Bulletin For Sale
 Advertisement Will Sell h
sRIaoPopIST

4. G. THOMPSON, F. S.. chIfopodfst Foot Specialist tDrotect your feet)s Suite 1-s Alice. Bldg, S21 Main St. Norwich Conn. Phone 156s4. jan3ld
Norwich bulletin., 1922-11-24
LkEpacAPEE E GARDENING

TerIa is1n6 time to Aarrange Tor land- reare wnrlEsuk which we Ensl9 q special lv. ooauldlg'G GreenSopsea. 97 Gedar St Rgla l91 .-a. maE9ta
Norwich bulletin., 1922-11-24

Afe4: HELEN M DREScHER. I nov ald s.-t Clerk
Norwich bulletin., 1922-11-24

THERE is no advertising medium in Easekn Connecticut equal 10 The Bulie- sin flHz sRnn1tA
Norwich bulletin., 1922-11-24

q ktsss5 HELEN n DREscKzR
Norwich bulletin., 1922-11-24
A Bulletin For Sale
 Adverhsement Will Sell It
FOR SALE

FOR sALE-An 11-acre Woodlot on Newton St. Phone 1853. noy24d
 FOR sALE-Fonr family house, cen trally located, in Jewett City, Conn Burdfck & McNiool, Thayer Bldg, Nor Wich rov24d
New-York tribune., 1922-12-25
$500 Ronds and efnck

Question: have read your column reg
ular.y all have learned much from n
WIZ you please mention some bonds yield
inE 90 per cent. selling az about par
or slightly below. and that can be bought
in $500 pieces Ind I am able 10 save
about $500 year. and plan 20 buy ono
bond year Can you give me sono m
formation on General Electric special"
stock CO.. Z note you have been recon
mcucinE u and thought I might buy 10 or
the SO par neeessariiy mean II would -
main az about that price1 I know you
can prophecy An single and not d.
lfnlent On Income from investments Have
il.l0o IN bonds and have it6e 70 invsst. -
Miss -. l. H.
Answer-The following bonds come
IN $500 pieces and are suitable FOR
your purpose: Northern Pacific Cs.
20sI, yielding about 5.5 per cent: 81
Louis-San F. -acisco prior lien ls. 1890.
yielding about per cent; Anaeonda
Copper ~, 1929, yielding about 6.2 per
cent; New York Telephone ss, i9lf.
yielding about 5.6 per cent: Cleveland
Union Terminal 5hs, 1912, yielding
about 81 per cent. General Electric
special stock Is issued semi-nnnually
IN the form Of a stock dividend on the
regular common stock. Il has an the
essential features OF a preferred stock.
being entitled 70 6 per cent. In prefer
onee 70 the common, but II does not
share In any distributions above that
rate. The fact that IL has a par value
of SO does not preclude tho possibility
Of a rise above that figure. AZ present
II 10 selling above that hgura.
New-York tribune., 1922-12-25
Want. List strenrthened

ousstion-f am constant reader Of
your financial news and adWos on invest
nents. I am ssnding you list of stocks
ssG ~ III G'TS 10 max. '1g g M fy.ssonssIy yIS .oand
republic S.. 1000 In,srborouEh Rapid
Transit &c. 81 900 Third Avenus adjust
ment S.. 1900 chinese Hu KganE Rail
way g. 81. 900 Brooklyn Rapid Transit ~
81 900 baltimore 4 Ohio g. $1,000 AercAn,
,ils Marine g.. $500 Liberty bonds, All
is's, S,S; ;.ssS, SaS cs,ssI ss 5so TiId uSsd STATE.
rubber TBa 800 CITY OF Christlanih.
81 600 Ontario 4 Western hrst -. n,oog
American sugar o. 5000 Republic or
sbafes New York. New Haven q Hartford.
20 shares New York Central. 20 shares
American Telephone A. Telegrsph. 70
shares Northern Paeihe, ~ shares AfneI
10 shares Union Pacific. 70 shares Pens
sylvania Railroad. IS shares Sinclair Con
.olidatrd. - shares Pure OF, 70 shaf,s
sugar shares Fai,syith ,.t,tt,
preferred. 20 shares American smelung
preferrcd. so shares ontario western.
/ Wish % state that some of the stochs
are speculative. but ! bought them toI
that reason. anticipating a PROFIT IN the
future and not depending oa the ineome
from securities for living h9N-vsI,
please advise a business man Whet ls sg'N
Tor him 70 keep and what not--A. J. H.
Answer-Viewing your list strictly
from the standpoint Of investment
worth, we believe your bond list would
bs strengthened by eliminating the
Third Avenue adjustment bs. Chinese
Railway 5s and St. Paul AIS. New Ha-
Won. Ontario e. Western, Sinclair COM
mon and Cuban-Ameriean Sugar are
apparently the stocks you bought win
speculative profits IN view. What dis
nosition 10 make OF them Is speeula-
tive question which We cannot under
take 10 decide for you.
New-York tribune., 1922-12-25
Rnnker Trust CapItalI1siIOn

ou.stion-wni you kindly give mo sonls
Information on the stock of Banners Irofi
Companyf ] would ike 20 know IN par-
tlcular as 20 ths following; Nnen the
company first began business its nfi, ~
cspitaiiration. aud n issued az par. How
~ present capitalization vas reached. lis
dividend record--A- {.
Answer-Tho Bankers TruFt Company
was organized In 1902 with a capital
q 81 600 900. Subscription 20 stock
was made at $50. creating a surplus
of $500 900 a. commencement OF busi-
ness. In 1911 the capital was $1,000
600 and was increased 90 $5.00OOOO 20
take over the Mercantile Trust Com
pany. In March. 1912, capital was in
creased TO $4,000 900, stockholders
subscribing 20 100000 Of the in
crease, in the ratio Of I shares for
5 held at 500 a share. The balance
was used 20 take over the Manhattan
Trust Company. In 1917 an issue OF
81 ,250 900 was made 20 take over the
Astor Trust Company. In January.
1919. the capital was increased 70
$4,000 900, stockholders receiving the
right 20 subscribe 20 one-third Of their
holdings at 500 a share. In December
1919, capital was increased TO $20,00O,
900. stockholders subscribing TO one
third Of their holdings at 500 a
share. Dividends have been paid By
the company as follows: 1905, per
cent; 1906, 10 per cent; 1907 70 1910.
i6 per cent; 1911. 80 per cent; 1912
to 1922, 20 poF cent.
New-York tribune., 1922-12-25
Mecrnrr stnre, Preferred

ouss,ion--would you kindly furnish m.
With Information on McCrOry htoTelI Mhat
Issues of stocks have they outf what are
dividend requirements. and how long have
dividends been maintained IL their stock
iis'ed. and where. and what issues OF their
stock would you advise as business man
invesfmont7-M. L. A.
-McCrory Stores Corporation
was incorporated IN May, 1915, as sue
ecssor 20 j. G.. McCrory Company. Out
standing capital stocks consists Of
Sc .209. 100 common and S963.40O pre-
ferred. Preferred dividends are cumu-
lative and are paid quarterly az the
rate OF 7 per cent annually. On conf
mon an initial dividend OF 1 per cent
was paid December 10, 1920, and quar-
terly dividends Of per cent have since
been paid in stock. A special stock
dividend OF 20 per cent on the common
was also paid March 10, 1921. The
shares OF this company are listed on
the curb and the preferred Issue may
be regarded as a good investment for a
business man. The amount required TO
pay a full years dividend on the pre-
ferred stock outstanding December 81
1921. was SCI ,43s.
New-York tribune., 1922-12-25
Adrised Not 70 Speculate

ouesiion-would appreciate very much
your advice upon Tho following. ] am q
married man. age twenty-aiN. no children.
with an l1ccme ~ about 1880 a year ard
hold tho following: Ten shares of Afchi-
a1n preferred. two shares Of New YORK
Telephone preferred tn per cent one $500
Liberty bond. ard have q little over $1,000
ln savings banks ~ has been suggested
90 me that Radio preferred. iisied az 9
ycrierdnv. would BE- G good Investment
10 you fhiaF ao7 or would 90 D. better
f8r me 90 round out an even ten shares of
New York Telephone 81 per cent pre-
ferred7 J am cons. dering leaving only
ff. 600 on deposit wifh ravings bank and
invrrflag tho remainder so a. 10 obtain a
somewhat better rate % inifraft With com
paraflve safety. Any opinion you might
Offer would te very helpful and having
benefited once already By taking your ad-
yic. viii bo strictly guided By your repiy.
w. !. =
Answer Whether or not you take
Radio preferred will depend on your
willingness 20 speculate on future div
idcnd prospects. From an investment
standpoint your plan % round out
holdings Of New York Telephone pre-
ferred Is the better one. We suggest
that you take the latter course.
New-York tribune., 1922-12-25
Investment Information
uolhronL Company New sloek

cv..,ion-wn you pisass adyis, ne
what your opinion is ~ the stock 9t -
I,9isr9oN 1,91.oS y 'f YfT hsvs received soa:
iiteratufs from thls company snd woula
ne 10 know what you think or II - an
invsstmsnt prop0aiilon.-h Is.
Answor-Ths Holbrook Company up
to January !. 1922, was closed cor
poration, with 100000 capital stock
outstanding. Desire TO inefea's it'
capacity and expand are the reason
Given FOR raising additional capital and
Offering preferred and common stock
which are now outstanding, 20 the
amount OF s250.oo0 and 10000 shares.
Tho company states that its surplus
was $4,000 az the beginning Of the
wear. No statement Of earnings u
made public, and we are. therefore, not
in position 20 consider tho relation
OF net earnings % capitalization OF the
company. We believe that a pros
peetlve purchaser Of shares should be
supplled with an earnings exhibit OF
the last few years % determine
whether the previous, record would
warrant tho risk Of = business mans
capital. The shares have limited mar
reliability.
New-York tribune., 1922-12-25
~ yort ehlpbulIdlng

oy...ion-f have rsad The rrihuns daily
sor vsars. and md your views on lh..si
ments very interesting, aud Az SONG 70
AL you my nrat question. Mhat y W
erpected future Of common STOCK ut th.
New York shiphuildlng Corpofsuon
hold twenty shares. no Iar value boufhi M
fsiT "a stf 90 per share. u was repo,
AZ 80 al ons Tine. nov II IL reported Ai
1il Would you advise me TO Ssil no" '--
A. J. W.
Answsr-Ths New York shlpbuilding
Corporations business was eprtailed
BY orders from the government early
In the year 10 suspend construction
work on naval vessels. In June the
dividend rate was cut IN two-from -
a year 20 s2-and in September the
dividend was passed. The eompanys
stock Is entirely speculative, and its
present low price reflects disnppoint-
ment 70 holders over unsatisfactory
operations. Whether you should con
tipue 20 hold tho shares or dispose OF
them in favor Of investment securities
Of course, is a personal question which
we cannot attempt 10 decide for you,
since we have no means OF forecast
ing prices.
New-York tribune., 1922-12-25
Dlelllnson Cord III

Question-Can you give mo any lnforrna-
tlon a. 70 the value OF Dickinson Cord Tiro
Corporation stock as an investment 7--I.. o.
Answer - The Dickinson Tire Cor
poration is the owner Of patents on n
tre-making machine that IL manufac-
lures and proposes 10 lease on a
royalty basis 20 tire manufacturers.
n. p. Bagley & Co., fiscal agents In
the sale Of the capital stock. inform
US that all experimental work has been
paid for and practically finished. More
than 100000 had been expended bv
Interests identified with tho company
before this stock Offering was made.
The company is stated TO be in good
financial shape, with cash assets Of
nearly 100000 and no outstanding
Fayables. About one-third Of a stock
issue Of 100000 shares remains un-
sold. The inventor Of the machine, F..
=. Dickinson, receives one-third Of the
capital stock for patent rights. 10 is
stated that l5 per cent Of the receipts
from sales Of stock 90 into the treas
ury Of the company and salesmen are
paid a commission, partly in stock.
This stock is held in escrow until divi-
dends are declared. You probably re-
alize that the purchaser Of shares Of
this company is speculating on the de-
mand for tire machines and should be
In position to assume the risk in
volved.
New-York tribune., 1922-12-25
American Hawaiian Steamship

ouestion-wn you please be good
enough 20 answer the following questions
ia your investment information column {?
!. What Il the par value OF American
Hawaiian Steamship Company z. what
dividends is 70 psyinE7 g. ls Il earning
these dividends7 4. what effect will
passage Of the chip subsidy bill have or
the earning capacity Of this company g.
Is Il buy az present price" ~. IT, G.
Answer-Shares Of the capital stock
Of the American Hawaiian Steamship
Company are Of $40 par value and divi-
dends paid in recent years have been
as follows: 1913. 90 per cent; 1919, G5
per cent; 1920. go per cent; 1921, 42l1
per cent? 1922, 1874 per cent. The
company does not issue earnings state
ments and balance sheet Of the COM
pany is not available. Probably pas
sage Of the ship subsidy bill will IA
vorably affect the earnings Of the com
pany, but until it is known in what
form this bill will take II passed it is
impossible TO estimate the probable
benefits that may be received.
New-York tribune., 1922-12-25
For Insnrance Premlum

Notwithstanding your conservative
advice may ] ask your opinion ~ the nd-
Visibility of exchanging the foliowng 8
per cent bonds Tor the pr cent bonds
mentioned. Bethlehem Steel j. g. o.
1889 for Bethlehem Steel sinking fund o.,
i9f6; Pacific Gas a. Electric q. 1912. for
statcs Rubbsr ca. 1917. Tor International
Mercantile Marine l1. 1885, Chicago. Nll-
waukce & SO. Paul la. 1Dlf for ~. LOUIS
San Francisco adjustment o. ltbbt cana
dian Pacific Railway perpetual 81 for Sow
York. New Haven z Hartford bt, 1875.
This cNChange would Increase the annual
retUrn so with but smal additional
outlay-appro1i 700. / realize the
Two railroad bonds g. Louis-sau Fran
CISCO and Ncw Haven are second grace.
I'm not looking Tor Increase in values. but
larger returns. o. ] put proceeds ~ thrAe
bonds into my insurance premiums. am
stuck with tf1 uharcG Sumafra rfelrfffh.
Personally would you sell ltf han"S iA
advance. ] llko your dope O.
Answer-You arc not looking for m
increase IN values, 20 be sure, but arc
YOU content 20 accept lower values
In the case Of the FIRST two substitu-
tions, namely, Bethlehem steel bs for
IS and Philadelphia Company 6s Tor
Pacific Gas 90, there is only slight
lowering OF investment worth and the
St. Paul exchange for Frisco adjust
ment IS Is rot a serious comc-down,
but when you suggest a substitution
Of New Haven 6s Tor Canadian Pac.hc
ls there Is left no doubt that income is
the primary consideration and security
only incidental Wo approve tho
Bethlehem, Pacific Gas end ST. Paul
exehanges-with tho qualifications
previously mentloned-but not the
other two.
New-York tribune., 1922-12-25
Union Mills. Inc. Outlook

ouestion-I write 70 ask your advice a.
90 the purchase FOR inveEtment of an a.
sus Of common stock q the Union Mile.
Inc. corporation formed under the laws
Of tho state of New York IN 1871 I un-
derstand that there is but $4,000 OF 6
per cent preferred stock ahead Of the
common and that the latter paid n com
mon stock dividend December ]. 1914. Of
100 per cent The common stock ia earn
Ing az the present time IN the neiGhbor-
hood OF so a share. paying -. and can
be purchased a little under $50. The 81
has been paid continuously since 1871 and
viii. understand be paid on tho In
crcasod cEpitalization.-J. /. L.
Answer-Union Mills, Inc, has
s1.250,O00 preferred stock issued and
outstanding. Surplus OF the company.
including good will, valued At 81 ,000,-
900 was si,675,s0l, as Of December 81.
1921. Dividends Of per cent on the
preferred stock and per cent on the
common stock have been paid regular
~ since 1917. Earnings for 1922 nre
not yet available. We do not consider
the common stock Of this company en-
titled TO better than a speculative rat
ing.