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Show $500,000 The Nevada-California Electric Corporation 6 First Lien Gold Bonds, Series "A" Dated January 1, 1916. . Due January 1, loi:. Interest payable January 1 and July 1 at office of The International Trust Company, Denver, Colorado, Trustee, or at Bankers Trust Company, New York. Company has stated "its intention to pay normal Federal Income Tax to extent of one per cent. In coupon form (principal may be registered), $100, $500 and $1000 each, and in registered form $1000 and multiples thereof. Coupon and registered bonds are interchangeable. Redeemable at Corporation's option in whole or in part, upon 60 clays' notice, at 105 and accrued interest upon any interest date to and including January 1, 1921, and thereafter at 103 and accrued interest upon any interest date; all bonds so redeemed to be cancelled. Authorized Issue, Series "A," $15,000,000. Outstanding in Hands of the Public, $7,1S2,400. Including present issue, and excluding $1,162, 500 pledged bonds. The information regarding these bonds, as set forth in a letter from Mr. W. E. Porter, the President Presi-dent of the Company, to the bankers, is summarized by him as follows: Secured by pledge of $8,921,000 6 per cent bonds of subsidiary companies (of which $5,194,000 are direct first mortgage bonds, and $3,727,000 first and refunding mortgage bonds) and $16,329,475 (over 99 per cent) of their capital stocks. Upon the retirement of the outstanding first mortgage bonds of subsidiary companies in the hands of the public, The Nevada-California Electric Coi'poration G Per Cent First Lien Bonds will be secured by a direct follateral first lien upon all of the properties of the subsidiary companies. Earnings for twelve months ended May 31, 1919, available for bond interest, $1,221,541.77, equivalent equiv-alent to over twice total bond interest requirements for that period. After deducting interest on underlying bonds outstanding in the hands of the public, the earnings for the twelve months ended May 31, 1919, available for interest on the 6 Per Cent First Lien Bonds, Series "A," amounted to $994,317.83, equivalent to two and three-quarters times the total requirements of that issue for the twelve months' period, and to approximately approxi-mately two and three-tenths times the present annual , requirements of the $7,182,400 First Lien Bonds, includiing the present issue. The California Railroad Commission granted the Coi'poration an increase in rates which the Commission's Com-mission's engineers estimate will add $213,000 to annual revenues based upon electric sales for 1918. Replacement value of properties as of 'May 31, 1919, $21,058,489.03. This compares with total bonded and secured notes outstanding in the hands of the public of $11,883,400, including the $7,182,400 6 Per Cent First Lien Bonds, Series "A."- Present installed capacity of generating stations, 60,287 horsepower, of which 49,000 horsepower is hydroelectric. Territory served covers the rich agricultural and industrial sections of Southern and Eastern California, and also the great mining districts of Central "Western and Southwestern Nevada. The Undersigned Offer the Above Bonds at 96 and Accrued Interest to yield about 6 3-10 per cent Complete descriptive circular on application. Palmer Bond 8l Mortgage Co. Walker Bank Building, Salt Lake City. Boettcher, Porter & Company Sweet, Causey, Foster & Co. 4th Floor Gas & Electric Building, Equitable Building, Denver, Colo. Denver, Colo. International Trust Co. Spencer Trask & Co. 17th and California Streets, 25 Broad Street, Denver, Colo. New York City. STOCKS BONDS GOTTOfS GRAIN The Harold R. Smoot Co. Correspondent E. F. Huttoa & Co. Private wires from coast to coast; also private telephone to Salt Lake Mining Exchange and full service on local Industrial securities. LIBERTY BONDS BOUGHT AND SOLD Telephone Wasatch 4618-4619 HOTEL UTAH BUILDING WE WANT TO SELL 1 1 4500 Gustaveson I Oil at 31 c Phone us, or write and send remittance re-mittance and stock will be senl to you at once. Ralph A. Badger & Co. 16 West 2nd South St H.B. COLE MO. . BROKERS Members of the Salt Lake Stock Exchange Stocks and Bonds handled han-dled in all markets. Liberal advances ad-vances made on securities at bankable bank-able rates. Stock Exchange Bldg. Wasatch 1371 LUKE COLLECTS ILL " r;a- v litSrt C mv' LUKE COLLECTS Earning Statements are furnished monthly by the ITtnh Power & LiKht Co. Thee enable Investors In-vestors to t?cp close watfh on tho fi-nanrlnl fi-nanrlnl cndition of ih company. Quarterly Quar-terly dividends are paid on the preferred Ktook which afford a repular Income of better than 7 per cent on f'.ock bought n t tho presc.'Mt price of 57 per share. Tins stock hag other attract ive features which we will be glad to explain. J.A.HOGLE&CO. U. S. Bonds Investment Secnritieg SALT LAKE OGDEN 169 Main St. Ecclcs Bldg. |