La, have issued an advertisement askin, for offers for the 3,121 shares still unallotted. They are asking 50 per cent premium as the minimum that will be accepted. A few years back these shares were obtainable at §10; now $75 is the lowest at which the shares will be issued. The idea is, I believe, to pay off'a half of the loan of $500,000 and then issue debentures to repay the balance, The Company is now in a very flourishing condition and its stock is popular. The last dividend was 10 per cent, and this is expected in the future.
Text read from the printed page and cleaned; old type leaves the occasional error.