TWENTY-FIFTH ANNUAL REPORT 153 



BroHijht fonrard $25,485.00 



7,000 Central New England Ry. Co. 1st Mort- 

 gage 4% 3,675.00 



6,000 Baltimore & Ohio R.R. Co. Prior Lien 



31/0 % 4,860.00 



6,000 Erie R.R. Co. Prior Lien V/c 3,015.00 



Stocks as follows: 

 400 shares American Telephone & Telegraph Co. 37,775.00 



250 shares U. S. Steel Corporation preferred... 27,359.38 



200 shares Atchison, Topeka & Santa Fe Ry. Co. 



preferred 14,525.00 



100 shares Union Pacific R.R. Co. preferred 6,237.50 



100 shares American Telegraph & Cable Co 5,075.00 



52 shares Bankers' Trust Co 19,500.00 



10 shares Importers & Traders' National Bank. 5,600.00 



Purchases at cost: 

 $300,000 U. S. Government Victory Loan 4%(^c 



Bonds 288,835.00 



454 shares Standard Oil Co. of New .Jersey 77c 



Preferred Stock 45,701.91 $487,643.79 



Loss on sale of investments bequeathed 29.50 



Uninvested balance as of December 31, 1920 1,837.54 



$489,510.83 



H. R. Mitchell, Percy R. Pyne, 



Chief Clerk. Treasurer. 



January 1, 1921. 



&agp Su&animrnt 3fm\h Sncamt Arrnimt 



Schedule 21. 



RECEIPTS. 



Income collected from Sage Endowment Fund 



investments $14,272.13 



$14,272.13 



EXPENDITURES. 



Income Account (transfer) $14,272.13 



$14,272.13 



H. R. Mitchell, Percy R. Pyne, 



Chief Clerk. Treasurer. 



January 1, 1921. 



