Evening Star Newspaper, June 16, 1921, Page 25

Amertess. Telga. bomu#_: Telgn. 43%4e. 83 e ash. Bwy. Washington _‘St’:lck Exchange. | Xt Ve wessr 18 and Eiee. #. a . L 48.... TTY ml nm‘h xfln L Metorers. - Becurity unnvn .- Quotations furished by W. B. Hibbs & Oe. Bid. Asked. oL, Tele = American Of1 Co. (sew).. 153 ° 18 38 38 35 | BOSTON, June 16—The Commer- n- 74 | cial Bulletin will say on Satur o 165 |™eThe wool market continues ir- - = 03 197 |regular this week, slthough prices - & 12 |are steady and demand fairly sen- H 97 8 [eral In the west buying proceeds H 3¢ |with moderation. The big sale of o G f2 0 [the week was st Kerrville, Tex, ot Tillaols Pipe Line 1@ 18 | whers about 2¢ cents Ia reporica 7 Indiana Pipe Line [3 72 |for the best twelve months' 10113 National Transit Co. 2 2 labout 20 conts for the eignt m“nu oe Z 180 |5col. Elsewhers sales have been on B 22 | about the same basis as last week. 25 |In the goods market thers is little 450 new." / 166 360 Among Your Associates you will find numerous investors in our First Moflgage Notes on improved Washington real estate. you inquire, will be likely to fmd they have added recentgo:o their holdings. This tendency is quite general among persons who have divided their capital between our mort- s and other investments. At the end of a nancial depression, as is always the case when values fluctnate, the steadiness and absolute reliability of these notes make a strong appeal. Swartzell, Rheem & Hensey Co. ["Here’s the Road to High | | will draw 7% u:rw‘h the years | vhen lower interest rates pre- | Allan E. Walker & Co., Inc. Interest on Safety Plus Investment As Ameda Retw to % cured hy lonu o! Wnlhhlflon’l | finest residential properties, ’n-lhnvdmhhok- ing abead. Amounts $250 up. FOREIGN EXCHANGE. prostem for refuniing e shert LIBERTY BONDS e, Salltng a-b—nomr valoes at meos N:{b that the allotmentis of "'o'oo e:gbh BOUGHT AND SOLD. FOR CASH Bel, Viens =77 By Mereer U ! m OVERSUBSCRIBED. | fho hank's rates now are on & § per asury's combined offering |cent basis. - 0 In three-year notes and one-year certificates hrwlh sub- scriptions of more than $750,000. 000 according _to preliminary reports, Money to Loan Secretary Mellon announ last night. Bubscriptions were about equally di- vided, he sald, between the certifi- cates and the new notes, which ere the initial issue under the Treasury's JOHN L. MERRILL, Pres. R.l:o. Jamaiea, St. 'l"hom::‘ Q:-:L..“. ;-::gu. u:."" Bnmh ‘West Indies Sta- 727 15th Street N.W. DILLON 285 CO. STOCKS--BONDS The Nation’s Home Town 32 Broadway New York 53 Years Without Leas to xn Invester The Safest and Most’ Satisfactory Invest- ment Securities Are FIRST MORTGAGE NOTES ‘Which Will Net You 7% e Free from the worrles of risk or loss, conservatively secured on improved city perty. Guaranteed titles ‘urnished with all notes. Property in- sured agalnst loss by fire. We attend to collecting and remit- ting interest the day due. No Expense to Investor Call Main 98, Loan for Complete Details Wm. S. Phillips 1409. New York Ave. BLBS, Inc., has extend- ed its system to Santi- ago de Cuba, Cube. This new cable will fur- nish a very fast service to Santiago and the Eastern end of Caba. It also establishes the most direct route to Porto Roate Your Messages “VIA ALL AMERICA” In denominations of - mmsmmu SHANNON & I.UCHS > 713 14th St. Immln RNational Wank New Issue ,000,000 Re Van Camp Packing. Company, Inc. First Mortgage 8% Twenty Year Sinking Fund Gold Bonds H Dated April 1, 1921. Due April 1, 1941. Redeemable at 10734 and accrued interest. Semi-annual interest payable April 1 and October 1, without deduction for any normal Federal income tax not exceeding 2% which the Company or the Trustee may be required or permitted to pay at the source. $100, $500 and s_}moo coupon bonds, with privilege of registration as to principal. Indiana Trust Company, Imhanapohs. rustee. From a letter of Mr. Cortland Van Camp, Chairman of the Board, we summarize as followss CAPITALIZATION i Authorized Issued First Mortgage Bonds. $3,000,000 First Preferad Stock, 7% Camulative. ..oommne 4750,000 4,730,000 Common Stock (without par value)....ccceceeaem.. 100,000shs. . 60,000shs. - The remaining bonds may oanly be issued under eonscrvative restrictions. The Van Camp Packing Company, Inc, has mflybeenorgamzadmduthelstof\frg!mam succeed the VanCuinadmgCom;ynyndwacqmre the property and assets of the Louisville Food Products Company. The Van Camp business Was established in 1861. The products command a national market, being distributed tl'n-oug‘h 95% of the wholesale grocers in the United States under trade names which are house- hold words throughout the country. The business constitutes an essential industry in that three-fourths of the total volume is in the psimary necessities of life. With the new lines acquired over fifty varieties of staple products are made, including soups, pork and beans, evaporated milk, catsup, spaghetti, chili sauce, chocolate, peanut butter, hominy, lard compounds, soaps, and refined salad and cooking oils. This issue, secured, in the opinion of counsel, by mortgage on all the fixed assets of the Company, in- cluding lands, buildings, machinery and equipment and also its formulas, trademarks, brands and good will and by the pledge of 99% of the common stock of the Van Camp Products Company, the merchandising or- ganization, constitutes the only mortgage or funded debt of the Company. The fixed assets of the Company covered by the mortgage recently appraised by the American Ap- praisal Company, with allowance for subsequent depreciation, show a sound value of $6,654,868, or over $2,200 for each $1,000 bond. The total net assets, excluding good will and similar intangible assets, amount to $9,050,141.07, or over $3,000 for each $l,mbond. z subsidiary, tI:eV Camp Products Company, according to the fee fim&hhmm* W&uwmthfihfiu mfi.hnmx The average net the combined eompmes,afla- mngl’ls,ue-hfi.dby Marwick, Mitchell & ,Mhm,mulbnt 4% times the interest on these bonds, which constitute the total funded debt. The business for 1920, while not profitable, due to substantial inventory adjustments which have been fully written off, amounted to over $27,000,000. The business has since shown rapid increases in volume, and in view of the present lower level of costs, and the introdaction of a substantial amount of new capital in addition to the proceeds of these bonds, the Company is expected to show considerably larger prpfits in the futare. The Deed of Trust provides a cumulative semi-anmual sinking fund, commencing October 1, I at &nbof&%wmd-flbuhh&hnbunufifid,bhnfludhthfldnnw ke 'fiu bonds. The sinking fund is mwmhmm before maturity. WE RECOMMEND THESE BONDS FOR INVESTMENT Priee99andihferest,toyield8.l€)$ E. H. ROLLINS & SONS 416 Woodward Bailding, 15th and H Streets, Washington Phandranklin 3463 BOSTON NEW YORK PHILADELPHIA . CHIGGO DENVER SAN. FRANCISCO N a-—l---mnfl.»nmug-—-tmmwn—umunflm'-m- hlfllhllll“fl& = NEW ISSUE CONSOLIDATED TEXTILE CORPORATION‘ : First Mortgage Twenty Year 8% Sinking Fund Convertible Gold Bonds _, To be dated June 1, 1921 : $1,000 registerable as to prineipal onty. days notice on any interest date at 110 and interest on or before June 1, 1933, and thereafter at 110 Mr. F. K. Ruppreckt, Presidont of the Company, hes summarised his lettor of June 10, B’!,.lm 3 SINKING FUND: ' Payable senfl-annmally beginning hLMsMhmfi -hflmmfim mmflbmmm ’!\-mmmdflh—ummu-—. HAMBLETON & COMPANY mmn.smmmcomm‘ mflev?whw nllhgbn J The tnorm ‘which we hollm FINANCIAL, 25 - offering will exceed $500,000,! ) on Liberty TS SherL iy = || erty Bond Exchange|, CUTS EEDISCOUNT BATES, e ‘ YORK, Juns 16—The New CITIES SERVICE SECURITIES roduced rediscount raise on commer: Bought, Sold, Quoted THOS. W. BRAHANY & CO. Investment Sccurities 5§10-11 Evans Byilding w"“"‘"xh D. C. The Wkl Department of Any ms&;sm"flll’m ........... Lincoln Said: wellaishar to his posterity swear by the blead T2 X noyer to ‘violste tn the least —8ave as you earn, and you will begin Tho aws of , ind mever to tolorate {holr viels: o shend 1o 4 inancal way 1na oe Hon by othare. As triots of T8 @A to the Fup- bava ~ s m“g‘-m Muhfi-n’- arise later. pert e ropary. o his. saored Meoar Subseriptions for the :"‘."&',’4.'.“‘.*7_.‘.*',..’ !.".‘E‘ 0 rielsta’ Ge daw "E’: . e, 0, et s liberty. Lot ruv. 81st Issue of Stock Beisg Reeeived Shares, $2.50 per Moath 4 Per:Cent Intevest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, Presidea FRANK P. l.l':lm. l.cy‘ One of the Oldest and Best Known - Bankmg' Institations of DAVID flmfl & SON, T Slaning, eyt et e sens Age, Character, Ability are . . 0 insurance. Better get ‘afe- quately covered before you take your machine out. MEMBERS: New York Stock Exchange § 111 Brosdway, New York - | Automobile accidents are not always confined to youw and your machine—there is often another fellow and another machine involved. ANl worry-can be dismissed from your mind if you carry proper automobile insurance. Let usigive you the details. Shaliend:Savt Safe Deposit Vaults CORRESPONDENTS Natiomal Oity Bank, New York Irving National Bank, New York llll.thlenk\ B. A., New York ; ’ —it is too late to talk .about of erce, Baltimore Merchants l-‘ Iafl“lu' M N.tl.lll Sate Depostt Boxas For Reat ‘_l B E-SaMEo0: i | 934 N. Y. Ave. NW., Tomature June 1, 1941 . Authorized $500,000 Now to be issued $3,500,000 ¢ Interest payable June lst and December 1st fu New York. Coupon bonds in denominations of $100, $500, and Redeemable in whole or in part at the option of the Company on 60 - and interest less % of 1% for esch twelve months or part thercot elapsed after Jume 1, 1923. mmmhmumwmummu¢mh.mumw 1, 1921, dato o par value common stock of the Compsay as constituted at the time of conversion on the basis of par for the bonds and §$35 per shaze for the stock. If called for redemption bm.wuun.hfl-h” ‘verted i presented st least 30 days before redemption date. ! $ Penneylvania Personal Preperty Tax of 4 Mills Refunded SO A mmnfi-mmwmmmnun$nmfl.v&u&a’ ) mmmmmmmwnzwvonx.m BUSINESS AND PROPERTIES: 'Bhuapmperhuwnlhhfloonelftbe manu- units of cotion clotlrin the world. The mills of ‘Company the %hmtummbumdmhmdin bymmwm&c@- Deeanb:r:l,lszou:dudmgthedebmtms mhstoberefindbyflnsmdu— net tangible assets of over $28,000,000. EARNINGS: Netmofflnphuts owned by the Company and on which thess flmfigmdomtmdmmdkB?&Kmmmfinofpge A or Exposi- tion Cotton Mills. ''The armual interest on this issue is $280,000 W Maffinhfloflhmflbnflm&em;mw ; &MMMWdemMNMMMW purposes. B mmllys% of the maximum amount of bonds issued if obtainabie st not Rustasore, Bibes-& om.umy -tho-Bankers Henry B. Stimeon, Neq., of New York, for the Company. . - nmmmumm ] Price 99 and intesest, yleldmg' i 8.10%‘ - Ty Y .'.' Department CENTRAL TRUST COMPANY OF ILLINOIS ' 2 . . - Chileago i Tty