Evening Star Newspaper, December 20, 1927, Page 13

’I"TW‘. EVENING STAR., WASHINGTON, D. C., TUESDAY. DECEMBER 20, 1 (7] el -3 ) X - r BN BULDING | s TRADING IS SLOW ESTME YEAR IS FORECAST | .o L] MARKET Tnusually Perplexing Outlook Spring chickens, 24a25; 18a keats, young, old, , Spring chickens, | r-; capons, fancy, 5a48; | ” smnll 38a40; ducks, 25a30; keats, | YOU g 1 NGSTOWN, Ohio, December 20 30290, (Special).—The long awaited turn for Ithe better in_steel mill i Fruit and Vegetable Review. veached the Mahoning Va oday’s market report on fruits and | week. Operations, shot forward to| fosise . |about 60 per cent of capacity. Thirty \vxwlahl(‘fl, compiled by the Market S {one open hearth furn, The investor mpting to ngap ou %) program for 1928 has an s ws Service Bureau of Agricultural | gperation, compared with 25 last weel, Lumber Dutput for 1928 Ex-{2.L05mr Srotiem. . Peives. of NCI’!‘b\’ Ralse"a Shlppmg Few | Ao and 95 sheet mills, com with 90 i vities ave t | 2 na | last week Go Far Ahov W - upplies moderate; demand | ™\ PR ANCISCO.—The market for pected to Go Far Above a Turkeys—Good Supplies | oot v. Barrels: Few |all kinds of dried fruits has strength- | . < i ire: tailers: New York,|ened in the last week. Shading 1927 Figures. B Come From Texas. ales direct to retailers; New York, |Shef 16 0 P08 L8 Ccnsed ana. portan 22 inches Kings, 2% inches UD. | ng hyyve become firmer at existir — |5 s | Virgir 215 inches up, Stay-|> T8 e W T farvland|mans, best, 850; poorer, 7.00a8.00.|" DETROIT.—Stockholders of = the Bostidl Dissony ".' ',‘ i 1 nearby Maryland | o oo few sales to be reported. [Portland Cement Co. of Detroit a . 3 wre mot displaying any | Boxe > o © reportet. | ine New Egyptian Portland Cemen I 2 f activity in the | Bushel D Virginia, 2% inches| ;o of port Huron, with combined as n oy ving il jont OfaptieLy e il up. Jonathans, 235 inches up | gats® o $11,000,000, have approved G : ot 1 the Christr Staymans, 2% inches up, 2 i plans for a consolidation of the two g : o pamaas : Cabba Supplies moderate; ~de- 0 il 7l e complated 5 ¢ o T lved from them, it was|mand light, market dull; New York, | january 3. | R too few salés report ELD, Pa.—Slight improve. | ; e eza this momine ol Cevoims, awe sl 3 | been shown this week in the | ” vn to dealers. Tt may be | pointed type, 112-bushel | demand for turkeys at the auction: NNy largs year from = [ il Thed | hampers Whit here. One grower who brought 2500 tion sta BE in 1997 atice the e et o Gealer | Celery — Supplie ; demand | turkeys from Virginia has had them | accord fa from lend. |04 i r must be n i e have delayed Killing on | mode market about steady; New |turned out in a fleld here, holding for vdi ep ! \ e e that pre: | York, % crates, 2.00a2 ;| higher prices ' - npEt [ poorer, Jow as 1.50; Californ PORTLAND.—W. C. Reugnitz, presi- | ¢ have come fo the aid | 4.50a5.00; poorer, low as 3.50. dent of the Four-L Association, e < g e | ttuce ummq just returned from a survey of h S out {h ve Jocal matiel, howersr, 800l market_steadw. astern section of the coutnry, de Wy Others i type, 45 en red today that ' believed .my\m ests 1 x e s Tosbers e in the Pacific Northwest lumber I \ Je which been recefved here front|zona, crates lesberg type, U3 EOTL et in the first quarter of 1928 will ; mto b ' shipped turkeys are com-|3.50a8.75; Florida, SCors : . e extremely favorable with . m to i i splendia condition. it i3 stated, | Boston, fyve, fné lity and condi- | k lextamiely Pavorabls eit) of This and expected to find ready sale | tion, 2.7 ;-bushel hampers Big | kSRR 08 L | s B g il B “”‘fiwn',‘f}“ “f“»']u:” ordinary quallty | sy ANTA.—With grinding practi- | eriod since « = el i d col O A |cally completed, Georgia's cane sirup | production 1 Buyers have not vet displayed mych | light mark [Pt it mot equal the amount. pro lumbermen « ting sup- | pound sacks e +| duced last year. Prices have been s but | 1.90a2.25, mostly |1s ry, with a growing demand. OStupplies moderate; de- | '53Ct0 asl 2 about steady: | | BUTTER IS STEADY. is expected to hegin to-| Potatc in the price | man; reported this | New York, 150-pound h price advaneing from 43 | whites, U. S. No. 1, 3.151 - & o : ind 48 cents a pound ‘u n, 150 1cks Russet | CHICAGO, December 20 (P)—Bu turkeys remained un- | U 2543.35, mostly 3 |ter —Steady; reccipts, 8478 tuls inx f Spinach—Supplies moderate .| creamery extrs Catapontins. pe s cted alaw aales in ofher v mand mode market — slightly exten oark T4 Vi declir « . mmodities today stronger irgin orfol sec k P > fec that buyers may be lw!lmv_‘ B0 e bushel baskets, Savoy |3,704 ¢ firsts, 43; ordinary firsts official of th WOOL QUOTATIONS e last minute to get in their | type, 50. | 32a38. tion today. ON, December 20 (S ; re butter market continues | T pplies moderate; de- o an upturr oo dtryee 2 : market, continues market slightly weaker; RUBBER IS EASIER. Spring, sinc csrpissiry 4 being “about the unknown orlgin, threes, y S estimated ey tor e . quoted a week ago. apped, fancy count, 3.25a3.5 _YORK, December 20 (Spe will be of t o e Wiholeanle Pidoes Today hoice count, 2.75a3.00; origi | rude rubber, smoked ribbed “There i ; A A + 2 rida, sixes, ripes and turning. | cased off a quarter of a r B ones tfee Meats, fresh killed—Beef. wrapped, fancy count, 6.00a6.50; most- |at today's mnoon quotation of 41 This compares with 38 a month ago and 38% a year ago. » fresh shoulders, | smoked ly 6.00; choice, 50; mostly beans—Supplies mod light, market dull; Florida, | _hampers, green, ev selling season has ut half of the current ed of and with the market firm. today | shoulders, h ity. Some r s c for a brief time, but the lumber indus 4 ow some ritory was quoted he: ‘,,;pf(,"";‘,‘.ii;,,”“,\‘:‘, s e 1115, clean hasis, French comh |lard. 13a1 3.00; poorer low as 2.00 tes, fancy, 2.00a2 g inz at 1.06a1.10, half blood ., alive, 13 Supplies very light: | ly 2.25; poorer low as 1. i e | 106, three-eighths blood at 9 —One-pound prints too few sales reported to quote. | Supplies light; too few | | | | | Shipments of South demand | sales reported to quote. arter blood at Peppe: upplies ligh puted for the mills t ; months ended s were quoted hen. | tight. market dnll. _Florida, pepper| Beets—Supplies light: demand ligh 4,298,000,000 feet half blood and - ates, fancy. 2.00a2. | market dull; Texa: tern, lettuce at 47a and quarter blood at| Poultry, alive — Turkeys, 40a42: | FEggplant pplies _light; demand | bunched. 3.5 1-|m»m‘ Ppepper pared with the } per cent. These shipmer per cent of normal, wh hand were 1,190,000,000 feet, or per cent of normal. A year s were only 82.83 per cent of nc of Southern pine for the ten | s totaled 553,181,000 feet, a gain | of 16 per cent. The principal markets | were found in Argentina, Cuba, Mex ico, the United Kingdom and Norway. Cost of production this year has av- eraged $25.99 per thousand feet, the highest average since 1920. This w a gain of 1.3 per cent over 1926 and 7.1 per cent over 1925, Average re alization so far has been approximate Ly $29.86, a decline of 3.8 per cent since 1926. i X Fire Losses Cut. Losses from firq have been cut ma terially s is one end of the lum ber industry in which huge strides | have been made. Timber owners are | not only depending on the Federal au- thorities to fight forest fires, but in mMost ca ntaining their own | fire-fighting and _equipment. Also the reforestation of the cut over lands, especially in the South, is show- ing marked advances. This question - of reforestation fs | worrying builders and financiers, not | only because of the waning resources of the United States, but because of | the speed with which Canadian forests are being destroyed. Three thousand | acres of virgin Canadian woodlands | are destroyed every day of the year to | feed the pulp and lumber mills, ! Six million cords of pulp wood alone | are cut every vear, and capacity of the Canadian paper mills has almost dou e vears and still s on the | s, loose, 3.00. 18, 3 fowls, small and medium, 2! ; large, ! light, market dull; Florida, pepper All of this stock having been sold, this advertisement appears as a matter of record only Il 0 New Issue 45,000 Shares | | George A. Fuller Company | Cumulative and Participating Prior Preferred Stock 3 (without par value) Preferred as to dividends at the rate of $6 a share per annum, cumulative from January 1, 1928, payable quarterly January, April, July and October 1. Entitled also (as a class) to participating dividends (not exceeding $3 a share per annum), equivalent to 6% of the residuary net profits (as defined) of each fiscal year subsequent to the fiscal | [ vear ending April 30, 1928, determined after certain deductions, including preferred dividends ($6 a share) and sink- | ing fund on the prior preferred stock and preferred dividends ($7 a share) and sinking fund on the preference stock. | Dividends exempt from the present normal Federal income tax. $115 a share, if redeemed on or before April 1, 1932, at $110 a share thereafter, and on or before April 1, 1936, and at $105 a share thereafter; in each case plus accumulated unpaid preferred dividends, participating dividends earned in prior fiscal years but unpaid and participating dividend adjustment of 25c a share for each month elapsed from | the close of the preceding fiscal year. Preferred as to assets, in involuntary liquidation, in the amount of $105 a share, plus accumulated unpaid preferred dividends, participating dividends earned in prior fiscal years but unpaid and participating dividend adjustment of 25¢ a share for each month clapsed from the close of the preceding fiscal vear, and, in voluntary liquidation, in an amount equivalent to the then current redemption price. | Redeemable, in whole or in part, at the option of the company, on any dividend date, upon 30 days’ prior notice, at ‘ | | { ican mil s which use Canadian pulp wood. There is little or no reforestation in prgoress in the Dominion. In addition | it is estimated that 80,000 square miles of Canadian timber has been destroved by fire, as compared with 100,000 | square miles of timber cut and put to | use. Canada still has 1,250,000 square miles of forest land, but much of it in such inaccessible spots that it can not be advantageously cut. THE NATIONAL CITY BANK OF NEW YORK, Transfer Agent THE CORPORATION TRUST COMPANY, Registrar CAPITALIZATION (Upon completion of present financing) To be Authorized To be Outstand Cumulative and Participating Prior Preferred Stock P TR (without par value)—this issue.. ..... 60,000 shares 45,000 shares i FARM CROP V. ALUES | Cumulative Preference Stock (without par value) . 60,000 shares 36,500 shares | Common Stock (without par value) et . 30,000 shares 30,000 shares | Mr. H. S. Black, Chairman of the United States Realty Fuller Company, summarizes from his letter to the under: and Improvement Company and President of the George A. g ned as follows: GAIN $635,146,000 Cotton Estimated as Worth $330,- The George A. Fuller Company is one of the fore- suance of stock ranking prior to or equally with 714,000 More ’ljh‘"‘ Last Year. mo.stlcomp_anies engaged in the construction of the Prior Preferred Stock in respect of the pay- ! Wheat Yields Less. buildings, including banks, hotels, office build- ment of dividends or the distribution of assets. ings, apartment houses, club houses, school buildings, court houses, industrial plants, power houses, etc. During the past 25 years it has car- ried out construction work aggregating over one billion dollars in cost. The Company will set aside on June 1, 1930, and ! on June 1 in each year thereafter, from its sur- | plus or net profits otherwise available for the | payment of dividends on junior stocks, an | amount at least equal to $3 for each share of : . Prior Preferred Stock theretofore issued. The The net earnings of the Company, available for amounts set aside June 1, 1930, and June 1, 1931, By the Associated Pre An increase of $¢ total value of this farm crops, as same crops last 3 yesterday by the Depa culture in duction, was announced t of Agri S of v of this di ds and for additional ¢ i h = 2 CH: :;";35 ~ :S et ?;at' cmnenxii!;"f;c: :b: are to be applied to the purchase and retirement X = 5 = SOET) MRy Edeeor of Prior Preferred Stock, to the extent that it is | 3 seven fiscal years ended April 30, 1927, have aver- i | The cotton crop y purchasable at or less than $107.50 a share prior to 1 aged $1,796,542 per annum or more than 6% . Py P | the record crop of last yea . i Gl St ? 2 the next succeeding November in each case. The timated, at December 1 farm pr times the annual preferred dividend requirement : | worth $330.714,000 more e 5 amounts set aside on June 1, 1932, and on each crop. Corn, poduction of which (86 a share) on the Prior Preferred Stock to be June 1 thereafter, are to be applied to the pur- | anig:;éymla{g:; ,ihan last year, was presently outstanding. For the fiscal year ended chase and retirement of Prior Preferred Stock, if ] val 000 more than la i 1 year, barley 3,890,000 more and April 30, 1927, such net earnings amounted to purchasable at or less than the then current re- | oats at $40.6 n4‘r $3,269,390 or more than 12 times such annual demption price, and, to the extent that Prior Pre- a }mgfix as ‘comy preferred dividend requirement. ferred Stock is not purchasable at or below such ‘ of $21,00! d to th d ti d re- | B e va. . price, are to be applied to the redemption and re Tadch decliner Based on the earnings of the Company, and on tirement of Prior Preferred Stock on the next being almost the capitalization after this financing, the Prior succeeding January 1 in each case i than a vear 2 Preferred Stock would have been entitled, in ad- g 4 | ::‘F’L!j;""* dition to preferred dividends of $6 a share per This financing will provide funds for property im- | The area plant annum, to participating dividends in the follow- provements and working capital of the company’s | ;;g!’:fl‘rff?:‘m‘ ing amounts per share: $1.14 in 1921; 82c in limestone subsidiary, thus enabling it economi- | over last 1 68c in 1923; 50c in 1924; $1.10 in 1925; cally to supply practically all of the company’s ! ;:: ;5‘3"\ “’;”’:"‘, ; 1 i $2.00 in 1926, and $3.00 in 1927. limestone requirements, will provide for the es- 2.5 per cent above the average | k tablishment of a financing subsidiary equipped to last },01:'91”, but 2.1 per cent below | The Certificate of Incorporation, as amended, underwrite and purchase junior securities of con- last ¢ 2 contains conservative provisions, protecting the struction enterprises in cooperation with the Prior Preferred Stock in respect of the creation company, and will effect a constructive plan of RITCHIE INVESTIGATING | of mortgages, the issuance of bonds or other additional compensation by which the officers INVESTMENT TRUST IDEA § funded indebtedness, the guaranteeing of funded and staff will be directly interested in increasing — obligations of subsidiary companies.and the is- the earnings of the company. Maryland Governor Believes There Should Be “Some Form of State Supervisic .7 of Concerns. Application will be made to list this Prior Preferred Stock on the New York Stock Exchange. Price, $99.50 per share We ofier this stock, if, as and when issued to and received by us, subject to the approval by counsel of all légal proceedings. 1t is cxpecica ry in the first istance will be made on or about December 27, 1927, in the form of ry stock certificates or interim receipts of The National City Lampanv e ALTIMOR Ritchie . Ritchl socalied of B2 Yew to ¢ they come unde Jaws of the Honal supervisory that there should be “some form of State supe Tt the gove regzulation woult T pnesent. asserted, he tions to the mext Somsenes In Jar George W. T missioner, alsc iion of the in The National City Company Head Office: National City Bank Building, New York Washington—741 15th Street N.W. Telephone—Main 3176 Offices in more than 50 cities in the United States and Canada nt banking hether add tion is ne w The above information fs based upon official stafistics on which we have relied. We do not guarantee but believe it to be correct. Wit ‘w { s Qe Bonded Di d Bonded Diamond o cRin‘amon Ring *150 $2 50 Weekl y Diamond Ring 374 ~50c Weekly blue-white diamond carved Mounting { 18-kt. white g We Will Ruy Back This ing for $I 00 Weekly special for gift husers We Will Buy Back This mond for 50 Solitaire Minoie Sterli 8 . 26-Pc. Wm. R inois Sterling WiemonsiHing T:blew':re S°§:" Wa'ch $3450 185 50¢ Weekl ly A K"l‘w']n] diam an 18-k xmw or gold moul m. K. A heautif wel djusted $E We “l)l Buy Bacl This 2 5 JL 7ax pock e e "50¢ Weekly 50c Weekly Others Up to $264 Man’s B;la Strap Watch 529.75 Others Up to $300 ewel movement, white or green gold: guaranfecd case; luminous _dial 50c a Week Start Regular Payments February, 1928 Lady’s Diamond Studded Wri X VVeatc}xvnu Lady’s Wrist 15-Jewel 14-kt. Solid White Gold Case Watch 53955 || $18% A_real snappy model in gold- finished case, _relianle 1o-jewel $1.00 Weekly T Set with 2 diamonds snd 4 e sapphires in assorted sizes, Start Regular Payments 50c Weekly February, 1928 Start Regular Payments February, 1928 Others from $11.75 to $350 Strap Watch 130 Oushion -lva,nl Japraved case or young ma A ahipment. Du Fanteed movement. Dthers Vo 3300 Vanity and 50c a Week Cigarette Cases Start Regular Payments Februarv, 1928 1.:"; Siiver and vold. i Start Regular Payments February, 1928 Read This! Our credit system is the best in the city—No red tape —All purchases de- livered on 1st pay- ment—No collec- tors to bother you— No extra charge for credit—The same 50c a Week low prices, cash or credit. The Ross Co. Diamond Scarf Pins . assortment _of nd scart cet in whits gold mountings. A fine gitt fof a man. 50c a Week! Others Up to $3.50 Start Regular Paymenis February, 1928 S S b \\\\\h\vllldrl/fh/, Jewelers 702 Seventh St. N.W. Optometrists for presentation, Start Payments February, 1928