The Seattle Star Newspaper, January 27, 1920, Page 15

TOMATOES OF | =, stesal FLORIDA HERE | wazscs's orn Wireless Serv i ce Shipment Arrives; ls Quoted Seattle Arrivals and Departures Messrs. J. P. Morgan & Co., in association with the First National Bank, The National City Company, Guaranty Trust Company of New Y ork, Bankers Trust Company, Messrs. Wm. A. Reid & Co.. White, Weld & Co., Kissel, Kinnecott Ae LONDON, Jar uptions 4 FORCED TO VACATE High Rentals Force Us to Vacate The John Lindh Co. With an 18-year record for honest dealings in Men’s and Young Fellows’ Clothing, Furnishings and Hats, forced to vacate in 30 days. We will not attempt to name prices, as they are too varied, but we promise you the biggest bargains you have seen in years. Our windows tell the prices, and we ask you to attend this sale as early as possible. This is your chance to beat the H. C. O.L. JOHN LINDH CO. 1201-3-5 THIRD AVE. Corner of Seneca St. at $12 Per Box ‘|“Boob” Goes Free; os Wise Guy in Pen,” * forin ur from Cal during the pment of Brus wi a weaker undertone apples Cc grades Butter at the ne day. De tinue firm, while probably be cheaper before the ot sos week in lower grade all var Tald Wholesale Dealers for Vegetables and Fralt Dealers are overstocked with ‘The boob tn free he wise guy will spend the Vessels in Port at Seattle Today al Dotler works—#te Bur & & Duroside nal—Btr Weat Jew f West Ivan, bee Da oir West Jessup, str Roose Str Kastern Guide, str City of Topeka, #tr drydock—Motor achr Cufburrs. a Ans, str Northweaters. & Co., and Hayden, Stone & Co., all of New York, and the First Trust and Savings Bank, The Illinois Trust & Savings Bank, and the Central Trust Com- pany of Illinois, all of Chicago, offer for subscription $15,000,000 Kennecott Copper Corporation Ten Year Secured 7°/, Gold Bonds, to Yield 714% Dated February 1, 1920, Me STEPHEN BIRCH, presi- dent of the corporation, has sum- marized for us the following statement regarding this issue: [THESE ‘bonds are secured by the pledge of 500,000 shares of Utah Copper Company stock having a pres- ent market value of $37,500,000. At the lowest price quoted on the New York Stock Exchange during the last five years, the value of the pledged stock was $22,500,000, and at ,the highest quotation it was $65, 000,000. THis issue will repay $12,000,000 notes due March Ist, and will then constitute the only obligation of Kenne- cott Copper Corporation. The interest charge is $1,050,000 per annum, while the revenue reported by the company in the least profitable of the last five years was $6,293,000, or about six times the pysent interest requirements. This was in the year 1919, when the demand for copper was at the lowest ebb in many years. In the most profitable of the last five years the company’s revenue was about $28,000,000, or over twenty-five times its present interest requirements. HE. Kennecott Copper Corporation owns in fee mining properties in Alaska which since April, 1915, have produced 360,000,000 pounds of cop- per and 3,745,000 ounces of silver. The Alaskan mines of the Kennecott Copper Corporation are believed to be the low- est cost producers of copper in the world. HE Utah Copper Company (or whose outstanding stock Kennecott Copper Corporation owns about 38%, of which 500,000 shares are pledged as security for this bond issue), is the largest producer of porphyry copper in the world. Its proven reserves on Janu- ary 1, 1919, amounted to 374,000,000 tons of ore, which is sufficient to provide for thirty years at the company’s pres ent maximum rate of production. Since 1910 Utah has distributed not less than $3 per share per annum on its stock. Its present dividend rate is $6 per share, producing on the pledged stock an in- come of $3,000,000 per annum as com- pared with the interest requirements of $1,050,000 on this issue. JN addition to its Alaskan properties and its ownership in the Utah Com- pany the Kennecott Copper Corpora- tion owns 99% of the Braden property in South America, which is believed to be the third largest known body of proven copper ore in the world. THE outlook for copper is promising, and at the present time the demand (at prices only 1% cent per pound higher than that realized in 1912), is in excess of the current rate of production. To yield 714%. * 2 fay, cam ae rae | a premium of | per cent. for each year or portion of a year of unexpired life; that * meg Market Status * = nigpere ben aeeivte Baan» Hh | is, at 110 during the first year, 109 during the second year, etc., im each case ete with accrued interest. The corporation reserves the right to redeem the bonds at d Market Report | < FRANCIRCO, *, ST per tb Jon, 97—Retter prime firata, é4e —Rxtras, 6140 per dor; extra pul ee per don; understsed pullets, For Fall Details Regarding This Isewe, Reference Is Made to the Circular Describing the Issue More Fally. California flats, taney, 81 ie firsts, 398 per Im Rutter—City creamery, Kags—Belected local extras, per dor. Hiens—28@24e per Ib; orotiers, 29@ 400 per ib @E2e per ip. rite FOP FO Milo Malew Mitt Kon Alfalfa ‘Alfalfa Meat Serateh Food... straw East of mountain valley lamba, $1 $1313.50; wethers, $1213; © Hot Waffles or Biscuits for Breakfast? Delicious, appetizing, but a lot of trouble unless you use double-acting Crescent Baking Powder You may mix your batter or dough the evening before—it will be ready for baking for early breakfast and you'll have the lightest, flakiest biscuits, or the sweetest, crisp, ‘brown waffles without a fear of failure. Costs no more in 1920 than in 1914, 1 pound 25¢ 5 pounds $1.00 CRESCENT MANUFACTURING COMPANY Seattle, Washington. 4 Wash. triplets lecomsin eream Brick . .. —_ | Tides in Seattle ee Stock Exchange ¥ YORK, Jan. 27 TURSDAY WEDNESDAY X 2s oe: oo cocen- -$6,168,008.20 4 + 1,569,280.75 907,811.00 226,917.00 | POULTRY Prices Pald by Wholesale Desters te Bhippere Clearing 22... 200 - 24 tla Second High Tide Tide Spm, 01 telinas pom, Of tt oo 1,630,565.00 Ba 336,416.00 Royal Dute een When you think of advéertis. ing, think of The Star. LIBERTY AND VICTORY BONDS If You must SELL your Liberty or Victory Bonds, SELL to UR Victory Bonds, Buy from US. losing market prices were Liberty and Victory Bonds ivertive these prices daily in order i j + 4,407,875.40 nee of accumulation of a mos e and the stock made comnen 6 points to 223, _Chicago L Live Stock “A FULL HOUSE” Fred Jackson's Famous Comedy Is Crammed Full of Hearty Laughs. —Now— AT THE WILKES piss, 018 Markets... Interest 21,000 head *Total $94.76 $92.40 898.78 G9RAE {nen buying, we deduct 370 on « $50 bond and 42.60 on # $1,000 bond. We sell at the New York market plus theaccruedinterest. MORRIS BROTHERS, Inc. fhe Feomiee Maniepel Bend Bene Capital One Million Dolare ‘oni TELEPHONES: Main 227; Fitiott 2810. Netablished Over Quarter Centary. Lights Burn Night THEATRE “FLOSSY” _and Day in Nevada | Ms Returns to the STURGIS Street lights here burn night and Cast Next Week day, for omic reasons. It's | el" in “I Love You” Is scoring a big ei ave them burn than hire hit with eight o switch them off. in the Big, Elab- Lat ale HOCKEY Sensation— Vancouver vs. The Midnight Seattle Wednesday, Jan. 28 Diving 8:30 P.M. Sharp Admission $1.10, White Rotary. . Ai usr minK? iT WILL Singer 66 3 BE HEI $1.35, $1.65 (WAR TAX INCLUDED) Foreign Exchange NEW YORK, Jan. & reached anothe n exchange today, 0; BARGAINS USED and REBUILT SEWING MA- CHINES. Among this lot are some White Rotary styles, Sing- 3, New Home and Wilcox and Gibbs. for Live Customers Growth is an unmistak- able sign of life. That the old First National Bank is a live institu- tion is attested by the fact that its deposits to- day are almost four times what they were ten years ago. Marcella Craft La Scala Opera Co. Appearing With Seattle Symphony} Orchestra JOHN SPARGUR, Conductor Friday, January 30th at the MEANY HALL e FRIDAY NIG HT, suager ... Wilcox & Gib —SO HURRY— New Home... Davis It's Surprise No, 1, in— r makes of ox Tops and Drop Heads Ty > to $35.00. Yerms given if desired. The Truth- ae one) 9) Mi ful Liar” White Sewmg Machine Co. , j ayn, 415 Union Street y Offering for } 0. Pony 20 emoklng ‘ *. ng 1 a permitted outside of main (One Block East of Pustoffice the week. lobby and dressing rooms, Become a depositor from here and grow with us. Reserved seats now on sale ena eeled and