Evening Star Newspaper, January 24, 1921, Page 17

m"—-——g—w NEW- YORK STOCK EXCHANGE. l_ecdvedb.vl’rlmz\vln §3§!I Rep Motor Truck.. 21%. 21% e -sx FINANCIAL, _semme Direct to The Star Office. Hoyai Duteh. ... o o0k over them. The Low. Close. | 64%: 65% | &verage receipts,.63; southern, LOCAL WHOLESALE MARKET. Eggs—Strictly {resh, per doz. 64aS5; ~w- ' THE EVENING STAR, MONDAY, JANUARY 24 1921 |Grain, Produce and Live Stockls sport demand. ‘France was said to be | asking for offers of 900,000 bushels. Bulls contended that allowing for the clearance of large amounts of wheat saving of time and trouble resulting from an Agency Acemmtiswllwmhd\emodmnekaefee._ ¢ AMERICAN ¢ SECURITY & TRUST COMPANY 15th Street at Pennsylvania Avenue HOME SAVINGS BRANCHES 436 Seventh Street, S W, 7th Street and Massachusetts Ave., N.W., Eighth and H Sereets, N.E. St Joseph Lead 2 12 » Live try—Roosters, per ; = 3 o StL & San Fran...-21% 22 21 :m! turkeys, er T, 6055: chickens, spring, | 21Teady sold to Europe a close adiust 8t Louis Southwn. 26 2! 25% [Be% Per Ib.. 35; hens, per Ib., 30: keatsly,q'i,jicated. Opening prices. which StLouisSownpf.. §i% Si% 37 8 |YOURS, each, . |varied from unchanged figures to 13 Santa Cecilia Sug.. 415 4% 4% 4% | Dressed poultry—Fresh killed SPring fhigher, -with March 1.67% to 1.68%, Saxon Motors..... &% & 4% & |Chickens. per Ib, 37a38; hens, Per IP.|and May 1.58 to 1581, were followed Seaboard Air Line. 6% 6% 6% 6% |35 6?::4;“ per Ib., ®3; turkeys, per :’g i msle:::l upt'urn all x:rv\mdA and Sears Roebuck % 91 | Ib- . something of a reaction. Seneca Conp: . 17:/‘. 18% | Pork—Dressed. small, per Ib, 14 wll)x;apl;e big receipts, corn ascended 6 S i . 14al5; heav v . ShativeiArio o o e TS T i il mhart Tl e ell Trad & Tran. €% 42% &% & ve stock—Calves, per Ib., 17 e e ne Sinclair Ofl. . u u By B ! 10a11; sheep, 3a6; hogs, 10. Qe R G P AG 2% 9% 2% 2% |Sloss-Sheffield.... 52 & 62 63 | Green fruits—Appies, per bbL. 3.00a ket scored general gains and then 7 7 6'2 6%|Southern Pacific.. 7% 97% 0% l:-SO; per b:.;ket, M}gnzdan. fl&e“‘f:;f!;: receded somewhat. 6 45% 5% | Southern Pacrgts. 20% 21% 20% 21% |lemons, per box, 3.0024.00. in 3 e & & |Southern Railway. 2% 23 2% 22% Der crate, 6.00a8.00. California oranges, | W "gm’l‘~ Open, u#-; low. Close. Southern Ry Df.... % 66% G63% Go% |Der crate. 4.0025.00. Florida oranges. ber | ) DIT TER R4 Ian 2 < |crate, 4.00a4.50. Grapefrujt, per crate, & St R Stand OUINJpf... 100 18k 108% 108% | (T S e L 't 5 5 % e ~4 ot 4 705 e Wamar M W A N e Euiatoun sty T2 & o%h & W Studebaker....... bets Bow Go%e o6 Der Dbl. 2.76a3.35; do No, 2. TR | aa L an Wy Uy Submarine Boat... 9 9% 9 9% | GORNOr. Dex sack, 3D0RSLC: GUEg” Wl oun @, My Superior Oil. 1% 1% 12% | o om * per bbL, 3.50a4.50. Le . Tenn Copper. % W BA - 5| luce Moraa per orate, 3008300, Cel- DAIRY MARKET. TexasCompany... 48 43% 43 43%|ery, per doz., 1.00a1.50. New York celery, | BALTIMORE, January 24 (Special). Texas & Pacific... 19 1% 19 19% | 200a4.50; California celery, 7.007.50. | —Arrivals by boat: Poultry—TYoung Texas & PC & Oil. 343 33% 33% ne lettuce, 75a1.25. “Squash, per|chickens. live, per pound, =25as5: Third Avenue..... 19% 1% 1% 17%|bbl. 150a2.00. Cymblings, per crate, | dressed, 34a36: old, 28a33; dressed. oreiaycnas M I e | Flotida, 350as.00. Spinach. per bbL.|32a34: old roosters, 20a22: dressed Trans Contl Oil 10% 10% 10 10 |4:00a4.50. Peppers, per basket 4.00a6.00. | 23a24. Ducks, 30a38; dressed, 35a40. i o < box. 6.0028.00. Onions, 33: dressed 34a35. Turkeys, b e el = 00, Brussels sprouts, ed, 40a52. Pigeons, per L_n‘on cific. 19 Cranberries, 18.00 per . Guinea fowl, 40a65. Am Woolen...... &% €% Mk ook U:x?:u!;;g:c&. Capons, dressid. 40a50. Am Writing Pr pf. 36% 6% 36! = '‘gEs—Loss off, strictly fresh, near- e s 8 8 |UnitedFruit... 5 GRAIN AND PROVISIONS. by, dozen, 63a64; southern, 61263, 2% 2% 2% gnfieg fiy:;z snt.. 21% 20% 21% i21%| BALTIMORE, January 2¢ (Special). Suuerfl—::ruzen;. fancy, pound, 53 % 38 3s% | United Re tre. 64% G6% O64% B6% | Vi hundrea | 354; Dprints, 54a56; nearby, 50a51; ‘Asso Dry Goods. ot 25 2% |USFo0d Prod..... 25 2% 3% 24% D‘f; :';:“’"' pshite, ;:b:;:rl.;l:l.s g:i‘?; prints, 24a25; rolls, 20a23; ladles, ,:::;i]s)‘;gfllst of.. 68 g:"’ : 58 (U SIndus Alcoho}. 6% i& :’;fi :’s’:: MLCorr;xk‘ks. 1.25a1. 4 0“ > 50a7 pncke’d,vlrs(?cess utter, 37a38; store - i S d - sSweets, per barrel, A ; yams, Atehi 3 % . 6% 6% 6 6% : 3 . 200a2.50. AiTante Gt Line.. 84 504 864 o0 |USRubber Totpi. 1k 184 MOK MIK | Novns mieen, peart and wax, 5002500, | CIICAGO LIVE STOGK MARKET. i . USSmelt& Ref... 84 84 24 8 g " . oli, bushel, [ CHICAGO, Il January 24 (United Atlantié Gulf. . 70! Beets, crate, 2.50a2.75. Brocoli, ' | States bureau of K 1 U SSteel... 82 81% 82.[65a75. Cabbage, per ton, 10.00a15.00.; Fidiee bursay of markets)—Cattle— USSteelpt us mt% - u | Caulifower, crate, 2352350, Celery. |IISC R 2000 Read: chentne sencr, ‘opper...... &% % 6% | washed. bunch, 200. Cucumbers, z Utah Securities... 9% 9% 9% 9%, box, 7.0026.00. Eggplants, crate, 5.00a ;m“";l;r ".'i'ee.-'.'"?&' eggmdh oz Beth Motors. Vanadium Corp... 37 88 8 87%|6-00. Kale, barrel, 1.75a2.00. Lettu S ered; bul BethSteel (B).... 8% 5% 8% 5% |ValronCoal&C.. a% sl sw seis | 2.00a5.00. 03;—';'{:',”;{,.’.'{':"{.‘;‘:5"? ds Bklyn Rapid Trn.. 1% ™ % % T%|LZalse. - . 7a3. . A s, bushel, 1.2581.50. Peppers, Bklyn Rap Trctfs. 9% 2% % % B%|crate 5.00a6.00. Radishes. per bunch. I Butte & Superior.. 13 0% 10% 10% 1% crate, 3.50a4.00. CO-OPERATIVE BUILDING Butterick 85% 66% 5% 85%| Tomatoes, crate, 2.0026.60. Turips, g «:addo Oil 46 4 4 ¢ |bushel, 1.25a1.50. Apples, barrel, 3.00a ASSOCIATION California Pokg. 3 -39 8 3 |6.00; No, 2 2.50a3.60. Box apples, 2.00a ‘alifornia Petrol. . %% 181 acesiane (50, Slose, Ber Lo B Crwnnined; 1%y anadian Pacific. . 116 8 6 8 8 ranges, box, 3.35a4.00. 41st YEAR COMPLETED Centril Leather... €% 41% 40% 404 s ia. lane i | |Dox e 00RE 00 T ma e e e Assets . $4.272,006.87 Corra & Paico % S v 31% | WIYs-OvIADL.... 34% 36% 3% £8100- P e L A e Surplus $1,085,322.59 Chandier Motor. . .6 0% 69 70% | Woolworth. . 110 109% 109 | Strawberries, quart, 60a75, Ches&Onio....... 8 s & o | Worthiogton Prop. w14 @4 © SELLING PRICES AT NOON. Save While You 5 v % orthington - Th 8 T B ‘Wheat—No. 1 red winter, spot, 24o0\ CmnE s Worthington (B).. & & @ & [193%; No. 2 red winter, spot. 1‘.95:’ Have the Opportunity ChiMil & StP 1 S No. 2 re nter, garlicky, spot, 1. —Thousands who have adopted his & Norchw 8 8% &Y caimoney, . e e et per bushell January 1he: robroary, || Rt AR B 6 6 68 86% 883, i 6% 2% 26%| HOURLY SALES OF STOCKS. e e t00at 10 oar Subseriptiens for the % % M |gilam 164300 12m.......258600 4 bbL, in car lots; contract corn, spot, 80th Issue of St I 2% 1% U%| 1pm.....5980 2Dn.....32600 |81% per bushel: January corn, 81%: o Stoci 2% % =R fgpiCeiooty i b mery February, corn, §0%: track corh. yei- Being Recetved 23% 23% ' low. No. 2 or tter, per bushel. = n m% LIBERTY BONDS. Corn sales—None, Shares, $2.50 per Month Colo & Southn 1st. 5 50 5 50 Prev. Close| Oats—No. 2 white 53 per bushel i .,:c“‘ & Colo#® Southern2d 45 45 45 4 : Close Todsay | agked; No. 3. 52 per 'bushel asked. mterest : : Liberty 3%s (616-47)...... 8210 %218 | Rye—Bag iobs of neardy rye, as to Liberty 1at 45 (§-15-47).....88 80 8808 |quality, 1.60 per bushel; No. 2 western || EQUITABLE BUILDING Liberty 2d 45 (11-15-42). ....88 00 8300 |export, spot, 1.81% per bushel. 2 Liberty 1st 4Xs (6-15-47).. .88 00 879 | Hay—No. timothy - (nominal), 915 F St. N.W. Liberty 2d 4%s (11-15-42)...87 9¢ 8798 |standard timothy, 26.00a26.50: No. 2 e We Liberty 3d 4343 (9-15-28). .. 9100 90 9¢ |timothy, 25.00a26.50; No. 3 timothy, JOHN JOY EDSON, President Corn Products pf.. 10¢ Liberty 4th 4%s (10-15-38)..53 25 g3 g2 |20-00a23.00; No. 1 light clover, ‘mixed, FRANK P. REESIDE, Secy. Cosden ® Co..tr. 3% '30% '30% 0% |Yictory s (5-20-23)....9718 o7 2g_|25:00a25.50; No. 2'light clover, mixed, > LE ViCtory A% (6-20-28) s . 91 28 oy - | 23.00a23.50; No. 1 clover, mixed, 24.06 Crycible Steel..... 3% 9% 88 §5(% 224.50; No. 2 clover, mixed, 20.0023.00; Cuban-Am Sugar.. 30% % 29% 2% S No. 1 clover, 26.00a27.00; No. 2 clover. Cuba CaneSugar.. o8 2% 2% 21.00a23.00; sample hay, 16.00a20.00. Del & Hudson.....101 101 101 101 Straw—No. 1 momimal; No. l z DelLack& Wstn..215 218 216 218 straight rye, nominal; No. 1 tangled ENS Denv&RioGr.... 1% 1% 1% 1% rye, 17.00; No. 2 tangled rye, 16.00; No. Denv & Rio G pf. 1 wheat, 13.00a13.50; No. 2 wheat, - P i bt L L el 12.00212.50; No. 1 oat (nominal), 15.00 saVINGS BANK EikhornCoalpf... 4. 4 40 40 218.60; No. 2 oat, 16.00217.00. s Emerson-Brantpi 3% 3 36 36 NEW YORK; January 24. Endicott-Jol="on. 6l% 6% 6% €0% Easy; . spring patents, Eris 1% 1% 3% 1% apring clears, 0% 2% 20% 0% | NEW YORK: January 24.—The $30,- | Straights, 8.5085.0( straights, %l s 88 58 |000.000 Kingdom of Belgium 8 per cent | #:25a3.75. 81 oi% st 81%|E0ld loan went off with a rush, us had | Pork—Steady; mess, 29.00a30.00; e St orc|been expected. The subscription books | family, 40.00. L) % ‘were closed as soon as they opened and Lard—Firm; middle west, 13.70a 1% 1% M% % it was roported that the issue had been | 13.80. M 1% 1% 17%{ heavily oversubscribed. The 7%s, which| CHICAGO, ~January 24 — Wheat % 4% &% % last week went as low as 96, rallied to | prices developed fresh strength toda; GGen Asphalt. - 64 6% 61% Jez |97 The indenture of the § per cents|nfuenced by signs of continued ew: Gen Cigar deb 8 @ s 8 |carTies the same provision for partial | moucacee Y HIENS of comtinued ex- 199% 126% 126% | Fetirement by a sinking fund u.P'eom. """ ————— ""m 4% 1% | Plete retirement by maturity as did the o A W% W% K 1% |indenture of the 7% per cent loan. 2 i ® © 8 @ |;,Albonds that have not been bought || i it : n previously under the operation of gt 41% 41% 40% 40% {the sinking fund will be taken In ot PAYING THE PIPER 7% 2% 2% |1071 4 v 4 2% 2% 107% at the date of maturity, Febru- % | % 7 Wh 6% |ary 1, 1941, 3 That thore who dsuce may.psy || 2 B » 3| Lbeny bonds were' very Iittle the piger was the somowhat crvp. [}l We maintain a well equipped tax > chan wped s ‘we 1 ! 5% 5% 6% &% |up for the time belng and the des known public man. ||{| aevartment, with a statt specially M 1% 17 17 |mand around the current level fs ey et PI0SE Bt been ne i|ltrained in the rulings, regulations : f"' : z :&r::g‘:-nonzh to take,care of all menths with those Who !l and application of the law, and can B3 W% 13 18| Local tractions were in some demana Iovertmt® earmrectiate |(fibe of material benefit to you in 9 19 19, 19 |in theafternoon, reflecting the hope that beavy toll on epecuia ||| preparing 1920 returns. ® &% . a|ihe Govemor of New York would Bave, o period “ever” demmtzate . something g to. say tonight more effectively the: en- i 8% % % 6| fhe fare question. Hudson and Manhats|| during characteristics of sisilisc ADMINISTRATIVE SYSTEM ;mibr:um‘a‘ * l::: 'fl );K u% gn income 58 held around theif high of || ;;;fl;"(mm as our First nterboro Metro 5 X |t Notes on ° 2 InterboroMet pt.. 15K 1% % 1% B ey o D of Accounting Intl AgriChempf. 8 6% (0. bi% MONEXAND EXCHAs { lroaght no depression to the A simple, accurate method of IntI Harvester.... $4% 4% 4 94 | Eid of thewe notes. Irrespective of keeping Your books. e EW YORK, January 24.—Prime mer- Y% W% ML = money und market conditions, their cantile paper, 7%a8; exchange steady; interest i S% 64 54 |sterling aixty-day bille. 233 o TaEeC s uaeying Further information on request. || 5% 15 15 | mercial sixty-day bills on bank: swARmu % c;: ;l/. :u cumnd\erflnl slxty—d.azyx bills, 3. , RHEEM & Hli % mand, 3.78; , 3.18%. H Island Oil.. 4% 44 &%| France, demand, 7.99; cables, HENS . i IND! BOUT | Jones Tea. . 2% 20 2 :la,-lld franes, demand, 61 cablen, 762 EY CO Hh EDMO sl& ON xdnsas T R guilders,demand, 33.17; cables, 33.25§ lire, . 1 nc. o A U R S70; cables, 371: maru.ddemm.a‘f'l.- i 727 Fifteenth Street NW. | 1 o cables, 1.71; emand, * 7.45; || wi '3 i Accountants—Auditors e i A : raen ge ) ;. Fr i NG 813 Woodward Bld, Koystome Tire..... % 1M 1% 124 | “atartcal 11% per cent discourt, Goy. || THE NATION'S HOME TOWN. S L 2] , Lackawanna Steel. 53% 63% b52% 62% | ernment bonds steady; raiiroads irregu- Washingion, D. C. HH Laclede Gas. . ..... 42 4% 4z e2%|lar; time loans firmer; sixty days, ninety | | Lée Tire & Rubber. 20 203 .20 2035 { days and six months, §%a6% per cent. || = 7 : Lehigh Valley..... 62% B85 62% 62% — i Liggett & Myers pf 108% 103% 108% 108% e e { =% 3 a% 18 i % W% % 9% @ & 6 68 51 & .6 5 Mathison Alkili..e 50 20 20 20 l Maxwell Motors. ¢ e &% Maxwell 1st pf ¥ T T 8% 1% 152% 18% 1% 18% | 3% 1% 1 | n% 3} a% et 2 2 ™M % { 8 % 4% i W 1% 1% 0% 8% 2% 07% 107 17 2 32 2 O a% 4% 0% e0% e0% - H 04304 104 AR B3 [ ? 5 % uk n% : m o= INTEREST TO ALL 2% N% N -« b4 ' 2% u% n% wN u% N U 5 ! 2% W% Wk DY > i 18% 1% 8% 1% A ‘ | % s i e : e ‘ Nunnally Co. . W% W% % % N Account with us frees you of the burden of a mass of minute Ohio Body & Blow. 9% 9% 9! ¢ e : =5 OklshomaProd... e e oo % detail and places on us the obligation of safeguarding your securities SEpEsam CIscIe me e mhome and ing such routine matters as the detaching of coupons, collection MK % Ty .o . 0 - - n 1 oy of dividends, crediting of interest, por;pannmofmm:mmufinusmd % . . o s . .. PaoAmpete (B e e & This is a convenient and inexpensive way of relieving yourself of the numer- Pennsylvania..... 41% 41% e ous details involved in the care of securities while retaining full suthority Steel.. 16% ‘16% FINANCIAL. around 7.50a3.60: butcher heifers, | sharp rallies, and the market here open- lm . brs largely 5.7526.25; ‘bulk butcher cows, |ed firm at an advance of I to 43 points, to Mr. Business Man! .0026.35; few loads choice h but soon weakened under a - s kosher eow:.'uoo:?.?s: canners 2::3 ation of March liquidation and m;‘t; '-m_"flm ::‘ ;-‘-:‘—.-"‘ Den't Werry Abeut Your cutters, mostiy 3.25a4.25; best bologna | tered selling. March broke from 14. Income Tax Returns .. < Joseph 1. Wellers "onuls & 1o LIBERTY .BONDS to 14.45. or back to Saturday’s clos- ing price, while May ®old off from 14.80 to 14.57. bulls, around ‘6.00; veal calves, large- 1y 11.00a12.00; stocker and feeder steers, mostly 6.25a8.00. We Will Prepare Them for You at a Reasomable Fee. Hogo—Recelpts, 55,000 head: steady | Futures opened firm. Junuary. 18.40: ¢ Call at Room 997, District National to 10 cents higher, lights up most. ' March, 14.75: May, 14.75; July, 14.90; a 5 ct onal top, 9.85; bulk, 9.15a9.60; vigs slow. ~ October, 15.00. o BOUGHT AND SOLD FOR CASE ' Bank Building, for A nt. Sheep—Receipts, 21,000 head; killing | NEW ORLEANS. January 24.-—3{uch Ex e|—- = = 1100 »‘?fl’“‘u’éfl%’ 5""y cl;mib g !?pi BQ;L:&,S‘?ELI"‘(’.‘;‘M;;L}:;,’”W, et- { D. W. GRIFFITH, INC .00; bulk, 10. .75; no choice fal . €0 . W ; sheep or yearlings sold eariy: top fect of larse ginning returns in the 604 14th St. .N-w- | oA el aividens of ane doliar por shace ewes, 5.65: bulk, 4.50a5.50. | advanced 30 to 39 points around the ‘s,m Life Pohcy, $57.35 | Sinii tac. was dectared Jomsary 13 12 | opening, March rising to 14.07. ATt- | age 40 Sesd date of birth for iHustration | PATANS March dth 121 to stockbolders o COTTON MARKETS. business on February NEW YORK. January 24.—The cot- ton market was very irregular dur- ing today's early trading. An early decline in Liverpool was followed by er the opening offerings increased (and particulas at your and prices fell off under them, stand- ing at the end of the first half hour of business only 8 to 10 points over last week’s close. age. . LE ROY GOFF, Insuranee Rm. 718 Woodward Building. M. 860 record at the close 26th, 1921 “ A, H. T. BANZHAF, Secretars M. A. New York, Jamuary 20, 1921. TRUST DEPT. FOREIGN EXCHANGE Able as Well as Willing 3% Paid on Savings ONE DOLLAR ALLAN E WALKERECO. “Plough deep while sluggards sleep ™ —Franklin The man who saves while others spend is the man who later on is independent. Our 7% First Mortgage Notes provide you with a safe and easy way of being independent in old age. They are safe—being secured by specific parcels of the soundest residential properties at the Nation’s Capital; they pay a It's your emergency require- ments that usually show up the character of your banking con- nection and test its value to YOU. | The large capital and surplus back of this institution, together with our experienced matnagement, enable Washington's OLDEST National Bank-. to care for depositors’ extraordinary routine ASSURED, INCOME = ; ds as satisfactoriiy as high return; they are giuckly con- : N nee y verted; and you can invest in small OPEI\S"},‘ matters are handled. i amounts—from $250 up. Let us give ACCOUNT ## We invite vour business confidences full particulars. ALLAN E. WALKER & CO., INC. Real Estate and Insuramce Brokers 813 15th Street N.W. Southern Building National Metropolitan Bank Capital, Surplus & Undivided Profits Over $1,500,000 15th St., Opposite U. S. Treasury—107 years Old 2 2 AVE MONEY —regularly and persistently if you.wish to enjoy contentment and independence. Interest on 3 % Savings Accounts Safe Deposit Boxes, $2.50 bp. Arehibald M. McLachlen, Pres. Firman R. Herner, V. Pres. John A. Massie, V. Pres. and Treas. Lauter P, McLachlen, Scc. and Asst. Trcaa. Under U. S. Government Supervision L L L e L L L o I 77700 71017707010 ) Capital and Surplus, $2,000,000.00 If You Saved a Little —now and then, instead of spending a little here and a little there, you would be “something to the good” instead of out of pocket. - @This is one of Washington's biggest and oldest banks, but we’re as anxious as ever to serve small depositors, and will welcome your deposits, however small. Uniform Rate of Interest Paid on large and small accounts. - SAFE DEPOSIT BOXES AT REASONABLE RENTALé National Savings & Trust Co. Oldest Savings Depository in Washington Cor. 15th and New York Ave. 54th Year Right in the Heart of the Shopping 't . iptions for These Bonds in Excess of the Amount Offered Having Been Received, This Advertisement Appears as a Matter of Record Only $30,000,000 , Kingdom of Belgium External Loan B Twenty-Year 8% Sinking‘ Fund Gold Bonds at:100% and Interest Sinking Fund Sulfic‘ient to Redeem all Bonds at 107%% by Maturity HESE BONDS are‘to be direct external obligations of the Kingdom of Bel- gium, The Loan Contract provides for a Sink- ing Fund, which is to be sufficient to retire the entire issue by maturity. to the redemption of Bonds by lot at 107%% on the next ensuing Febru- ary Ist. The Bonds are also to be redeemable as ! a whole or in part at the option of the Kingdom of ium, on any interest elgi date on and after February 1, 1931, at.. 107%% and accrued interest. All Bonds not previously retired by the Sinking Futid are to be paid at maturity at 10734%, and accrued interest. The Bonds are to be dated February 1, 1921, and are to mature February 1, 1941. They are to be issued in coupon in denominations of $1,000 and form, in $500, not interchangeable. Interestis to be payable February 1 and August 1. Principal, premium and in- terest are to be payable in United States gold coin of the present standard of weight and fineness, in New York City, atflgle offices of J. P. Morgan & Co. or of Guaranty Trust Comfpuny of New York, withoutdeduction forany Belgian taxes, present or future. In carrying out this provision, the Kingdom o? Belgium covenants to pay uarterly, beginning May 1, 1921, to . P.Morgan & Co. and Guaranty Trust Company of New York, as Sinking Fund Trustees, sum¢ sufficient to purchase cach year $1,500,000 of Bonls at not exceeding 10734 % and accrued jnterest. In the event that, prior to December 15, 1925, Bonds are not purchasable through the Sinking Fund in amounts sufficient to retire Bonds at the rate of $1,500,000 2 year, the uni ded bal- ance in the Sinking Fund is to be ap- Flicd to the redemption of Bonds by ot'at 107249 on February 1, 1926. In like manner any moneys remaining in the Sinking Fund on December 15th in cach year thereafter are to be applied SusscripTion Books will be opened at the offices of J. P. Morgan & Co. and of Guaranty Company of New York at 10 o’clock A.M., January 1921, and ‘will be closed in their discretion. The right is reserved to reject any and all applications, and also, in any event, to award a smaller amount than applied for. w2 : Amounts due on allotments will be payable at the office of J. P. Morgan & Co. in New York funds to their order, and the date of payment (on or about February 4, 1921), will be stated in the notice of allotment. Trust receipts will be delivered pending the preparation of the definitive Bonds. For full details regarding this issue refevence is made 1o & circular which may be had on application J. P. Morcan & Co. Guaranty CompaNy oF NEW York First NaT10NAL BANK,NEW YoRK THE Nationar Crry Company, NEw York NationaL Bank or Commerce 1n NEw York Bankers Trust Company Tre Cuase Narionar Bank ~ Tue LiBerTy NaTioNaL BaANk CenTrAL Union TrusT Company oF NEw York é Leg, Hiccinsown & Co. Kroper, Peasopy & Co. Hareis, Forses & Co. DiLron, Reap & Co. Hausey, Stuarr & Co. ConTINENTAL AND CoMMERCIAL TRUST AND SaviNgs Bank, Cuicaco CenTrAL TRUsT CoMPANY OF ILLINOIS, CHICAGO 4 First TRUST AND SavinGs Bank, Cuicaco ILuinors Trust & Savines Bank, Cuicaco