PUBLIC UTILITIE.

Offered by: Redmond & Co., New
York, Nov. 1905, at 100.
Listed en: New York, Philadelphia
ind Louisville Stock Exchanges. Also
Portland Stock and Bond Exchange.
N. Y. S. E. Price Range:
1930 1929 1928 1927 1926
High ...... 1001 98 993, 987% 96
SOW eee. 97 955 963% 9415 923
TFUNDING MTG. 5% BONDS OF 1942
Interest Payable: Feb. 1 and Aug. 1, to 19% of total bonds outstanding, inat
 Fidelity-Philadelphia Trust Co. Lee xluding those in sinking fund; on May
Higginson & Co., Boston, and Irving l, 1927, and thereafter, 11%9%, to be
Trust Co., New York; Higginson & Co., ised for purchasing bonds at not to
London. axceed 105 sha Iierast nt fund
. : Share : 3 Tax Status: enn. 4-mi ax refundyt
 TEL Philadelphia, Trust 2d. Company pays normal Federal inon
 to rome tax up to 2%.
. Registrars: Irving Trust Co. New Security: First lien on rolling stock
York; Atlantic National Bank, Boston, ind 115 miles of electric railway, steam
and Fidelity-Philadelphia Trust Co, station, two water power plants and
Philadelphia. .erminal lands on east bank of Willam-Registerable:
 $1,00, $5,000 and mul- atte river. Also first mortgage on rolltiples
 thereof. ‘ng stock and 23.50 miles of interurban
Denominations: Coupon, $100, $500, electric railway, and a modern water
31.000; Registered $1,000, $5,000, $10,000 power plant at Bull Run. In addition,
and $50,000. 1s a mortgage on the remainder of the
Callable: As a whole at 105 and ac- property subject to the $14.000.000 prior
crued interest on Feb. 1, 1922, or any ‘iens.
interest date thereafter on 60 days’ no- Offered by: Drexel & Co. Philadeltice.
 phia, and Lee, Higginson & Co., New
Convertible: At any time at option York, March, 1912, at 96.
of holder on 10 days’ notice into capi- Listed on: New York Stock Extal
 stock at a price equal to amount change.
paid in on such stock plus $10 per $100 Price Range:
share. 1930 1929 1928 1927 1926
Sinking Fund: Cumulative sinking High ...... 1013 100 1013; 1875 9434
“und. To May 1, 1926, an amount equal Low ....... 96 9414 9% 91%; 86%
5. PORTLAND RY. L. & P. FIRST LIEN & REFUNDING 714% SERIES “A”
Interest Payable: May 1 and Nov. 1, Tax Status: Penn. 4-mill tax refundat
 office of trustee. ed. Company payvs normal Federal inc
 Trustee: National City Bank, New come tax up to 29%.
GL, Security: eries e-_
 Regixterable: $1,000, $5,000 and mul- Se QT evs, Same as Series B and Sed
ples thereat. _— 500. $1.000 mortgage on 75% of company's generoon
 nations: (Coupon, $500, $1,000. ating capacity. Also secured by direct
allable: After May 1, 1931, on any mortgage on remainin 7 _
N . g property sub
interest date on 30 days’ notice at 105 ject to prior mortgages
to May 1, 1941; thereafter at 103. ’ Dp gages.
Sinking Fund: One-half of 1% of all Offered by: National City Co., New
honds outstanding but in no case less York, May, 1921, at 96.
than $225,000 payable semi-annually Listed on: New York Stock Ex-March
 and Sept. 1. To be used for pur- change.
chase of these bonds at not more than
107% to May 1, 1931, and thereafter at Price Range:
not exceeding redemption prices. Trus- 1930 1929 1928 1927 19.
tee may purchase as authorized by the High ...... 107 107% 108 1081 10834
Directors. bonds of anv series Low ........ 104% 102 107 106% 105%
TEN & REFUNDING 6% SERIES “B”
purchase as authorized by Directors,
bonds of any series.
Tax Status: Penn. 4-mill tax refunded.
 Company pays normal Federal income
 tax up to 29%.
Security: Same as Series A (No. 5)
and Series C bonds (No. 7), and issued
under same mortgage.
Offered by: National City Co. and
Halsey, Stuart & Co., New York, Sept.,
1922, at 96.
Listed on: New York Stock Exhange,
 Portland Stock and Bond Exchange.

Price Range:
1930 1929 1928 1927 1926
High ...... 101 1033; 1063 1043; 103
TOW _....... 9614 92 100 1001 99