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Page T o >o
"The Digest of the Motion Picture Industry”
CAM ERA l
A Liberal Privilege of Conversion
Besides the safety of enormous assets and large and increasing earnings, besides a substantial and profitable yield, there is a
very liberal privilege of conversion in the
$3,000,000
Carnation Milk Products Company
Five-Year Sinking Fund 7 % Convertible Gold Notes
These notes are convertible at option after November I , 1921, and until ten days prior to maturity or redemption into 7% Cumulative Sinking Fund Preferred Stock on the basis of I 00 for these notes and 95 for the stock. With these notes at 96J/2 this is equivalent to buying the stock at 91 /iThus you see that at your option you have either a longterm, high yielding preferred stock or a short-term, highyielding note. Preferred stock is subject to call at 1 1 0 and accrued dividends, and the usual features of safety.
This Company is one of the largest and most successful of its kind in America. It does a world business. Gross sales in
creased over 400% in past five years.
Total assets after deducting all indebtedness, except this note, amount to more than four times principal of this issue.
Net earnings for past ten years have averaged more than four and one-half times interest charges, and during the past five years more than seven times.
There is no other bonded or funded indebtedness and at present no outstanding preferred stock.
You will want to invest your savings and surplus funds in this decidedly good investment. Call, write or phone for Circular C-63.
Blyth. Witter. &. Co.
U. S. GOVERNMENT, MUNICIPAL AND CORPORATION BONDS 521 Trust and Savings Bldg. Phone Broadway 32 7 Los Angeles
PASADENA SAN DIEGO
614 Chamber of Commerce Bldg. 624 First National Bank Bldg.
SEATTLE PORTLAND .SAN FRANCISCO OAKLAND NEW YORK
G. GENNERT
206-8-10 So. SPRING ST.
DE BRIES HAVE BECOME REAL POPULAR
STOLEN
Camera No. 1 1 42, with Stillar Lense No. 88240, was stolen from our Chicago office recently
Camera No. 1 1 63, with E.
Krauss Lense was stolen from R. W. Walter at Belshoffei Studio.
It is the duty of all interested in the motion picture business to do their utmost to curb this thieving. Neither of above cameras had magazines. If you have any information, communicate with us
$250 For Rescue of Cameras
PROTECT YOURSELF BY HELPING US TO CONVICT THE THIEVES
$250
For Conviction of Thieves
1 NEW YORK
CHICAGO
SAN FRANCISCO
SEATTLE 1