Baltimore Bonds

A village character in Salisbury, Md. is seventyish Spinster Mary H. Parsons who was left a substantial estate by her father, Levin Parsons, and who spends her time with one eye on her knitting, the other on stock market reports. Owning a row of brick tenements, farm lands, and a batch of securities. Miss Parsons insists on living in one half of a frame duplex house without electricity or bathtub, wears cotton hose and gingham dresses, likes to haggle with grocers over not quite fresh foods. As kindly as she is money-conscious, she has been known to spend several hundred dollars for kneeling stools for her church or to send a tenant a load of wood day after she has censured him for not paying his rent.

Last week Miss Parsons pulled the biggest coup of her career. Bidding against four Baltimore and Philadelphia investment banking houses for a $30,000 issue of by-pass bonds offered by Salisbury. Miss Parsons submitted the lowest bid ($30,010 at interest of 2 1/2%), walked off with the bonds to the genteel embarrassment of her competitors.*

*Alex. Brown & Sons, $30,480,90 at 3% ; Dougherty, Corkran & Co., $30,351 at 3%; Mackubin, Legg & Co., $30,179 at 3% ; W. W. Lanahan & Co., $30,280 at 3 1/4%.

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