The Seattle Star Newspaper, November 15, 1921, Page 14

Bhi proved Tone Seen \Shin News) ste WHEAT PRICES | on New York Market Ship New Tides in Seattle 6% CHICAGO, Nov, 16.—-Wheat prices Pianos at Bargain Prices | | i WALL. STREET JOURNAL PINANCIAT. REVIEW A. sumeas wee | HX iw HR sumpod Sm the enieago grain mare ‘i W N m the Now OB% -atne se gered Veet | rw 1ii% dt vit f larger holdera to liquidate here . . mac ye ay tna, te uke ne Uredlng Mondens Sep ‘i 5 UR TEE TEE wan ifthe hurting power "ur abeorb Piano Lines Must Be or pi net | Seca ae fue bay ie iy Bye wed ot 88.488 Closed Out Before | hecond ‘Low Tide | | Ht die? o4 *s1.0)%,- and [iveptme inet [a8 Poe Av aber December 15th {Weather Bureau Report . cite : iy oo. ae oe e, “May” corn Bt : A | TATOORH INLAND, Nov. Iheet AM. ¢ nN tore i%. 1% 1 } aromoter faing; partly ¢ . ‘ oats opened uncha r . . iggy ly hans, ga {ant x miter ah Ta as seloaud "ft “Weel” ity High-Grade Pianos greg heater eee baa we dix 3 { and Player-Pianos “ 4.50; be yw t, 0b@ | 6, oye a " an it” — owess: heey Arrivals and Departures ey ue. ae — bier wnt at unusually low prices; for we are discontinuing these piano lines “y 4 46% 0 | roUMH, $5.7566.18; plaw. 2 Rcesiont trom & leum 63% 49% o%) ww eee? eee \ predan They are all splendid instruments and possess all of the most advanced im- thweatern Alaak t Cattle—Reoeipts, 16,000 ’ : u me : : fs . 1 testimony already compiled provements of modern art in piano manufacture, ton, freee, ; 0% 48% 69% the special committer Investigating aii aan Francs ' ivon'& Wiesi So” dag Any the state aayluroe te raphdly bringing Every Instrument Guaranteed to Be in Perfect Condition ‘ ; ts probe to a conclusion, Robert B. ir Oy BM % Hesketh, chairman of the commis A FEW SLIGHTLY USED PIANOS sion, declared Tuesday Every member of the ec Players at $450 to $700, Ps BE | Beesenplocer be oA wap ember: ieee Pianos (standard) $300 to $525. “ : earls. & 328) ingw have been held in all of the lnrg-4 Pianos (standard) slightly used, $225 and $300. poy lag ee 7 ! vi lees i To fully appreciate this sacrifice you must see these instruments, because the : _ ae * BANK CLEARINGS na prices are so low that the closing out of these lines will be an assured fact on r . ol ¢ or before December 15, 1921. Sobsite tt . om ft) Seattle | 4 P ToArrived, tr Kamore | We * 46%) 444 | | Clearings $6,428,965.28 | | Reasonable Terms and Time Established 1910 Nov, 12—tr_ Hawait Mary |! suas te A bw | 1,293,286.53 | | rin : fberty Bonds | Seasnm <7 17uameae | J. WAAK PIANO CO » Clearingns 786,906.00 ocArrive a. orship Pa- Liberty Bonds | Balances 687,460.00 | | Cc. s " Ter ay IE as — 8 oli PRE TO a tae 1613 THIRD AVENUE, NEAR PINE , Heattie, Balled, wtr wre tenn bree pe Arrived, str Al ] Por lund ith, a Clearings ‘ 4.179,612.00 | (gM AIAN Arrived, str Mattie se gigi 19.618.00| | eee _— ~ The Spider and the Fly ‘Beattie. Nov 12a | sees!) Balan POA Memes mard | BE REBER PG sh HAY, GRAIN AND FEED fo: ste Mont Cervin for |? “ - Pu City Delivery, Wholessie, Per Tos ka. The lure by which the financial spider Cora—Wrhole, yellow, 120-1 le orange, white ... ere is no truer law in the financial world Galied, str¢Methven oy we Wisconsin cream brick ‘88 | Hogs—Dressed, tight, fancy, Whole 4 i i i joe! ° ee tee 6 se « of Rolled, t. ‘ Span that big profits slso mean risks. .A vrieea, oe cus.| * OREM Reomay, Seaten Wash, triplets cscs, te] Weak Breseea Nght, Ground, ‘190-7 Nov. 1a—-#tr Tillamook triplets 38 POULTRY AND MEATS Prices Paid by Wholessie Dealers jum, Orewned oe... ++ 4 Clipped, 100- th y. coarse... 12 Hares—Live, per to... he savings account offers you reasonable profit, but ample security. 1b—Arrived, atr Admiral Be Heattle. at ta Nov. 14—Halled, str Texas for Beattie, at * Point Reyes—Now. 14—Pa Aberdeen-—Nov. 14-—Arrived, field from Beattle Liye, under ¢ Ibe lere—-Live, 1 Geene Henry from Heattle ah | live 2 port Townsend sii le, aw AIM bp Dr : Med** “to| Common to good % | Tarkeye—Faney. drew Test cows and heifers «+ Le to 16 me . ; Roosters — Live, Tm. . Moge— Choi | Medium to choice ..... | Common to good . Calves, lig +* Medium to choice Great Northern Terminal itr Heavy. Heavy ima Maru. Bulle Rell Street Term tee o Pier 14—atr Ty ON LOCAL MART mo! Ah as ts| Prime tambe ..... fer Sater Ke Sheep— Pier ¢—atr ie Milk Cwt. fob. Bewttie euppty Medium, 140-4 ti] Setr ambos. ’ ern. oyst Pier 2—Mtr Northwestern, ate Jefferson, Arkansas yams arrived on the mar] 2° 0 ©. sosdenaary, owt . Coarse, hoary, 175-20 7) Searttage wens ” Ber Baste Sunes het. Tuceday .at 44 40 4% Gael © DAIRY PRODUCTS POULTRY AND MEATS Wethers Hay Aifaifa ‘No. i. Pier su wai-| Ae rong Prices Paid Whelesale Dealers Prices Paid Whelesale Dealers Ewes Timothy, No. 3 Poe pound, or at $2 to $2.25 for @ bushel | Batter--Local creamery, cubes 24! ecko Dreseed, per tb Brick ay ‘ornia sweet potatoes | Str De K Morse. basket. Ca lwere at 3% to 4 cents a pound. Im ‘| perlal Valley green and wax beans were on the street at 17% cents a pound for the first variety and 16 cents for the latter. Sacramento | lettuce in due to arrive in Seattle Thursday. With late local stock mostly of inferior quality, the Calt| fornia commodity will sell quickly at | a high price if the delivery is as g00d as represented VEGETABLES Paid Wholesale Per Gon... dessee s40@1.19 Hens -Dreasod. per lan hip Moorings—ttr Veldes | Lander Street Terminal—U, & OC. &. Sur Second Avenue at Columbia LARGEST BANK IN THIS STATE veyor Milwaukee Ocean Terminal—Btr A. L. Kent Hanford Street Terminal—Str Pilar 4 - $50,000,000 ~ NEW YORK TELEPHONE COMPANY Refunding Mortgage Twenty-Year 6% Gold Bonds, Series A rway Dock & Warehouse Co Str Yoshida Maru kemHhip Chilli . str Forest } | | | | Pumet md Bridge & Dredging Co. | Rte Patterson 4 Fpaet Lane. mado, str Junee a ere Ghar, Larosa Lent ee | Dated October 1, 1921; Due October 1, 1941 ar qoute cur, J. Clo ms a | Interest payable April 1 and October 1, in New York City Porter, Griffeon. sehr % Ww L joa. bunches dos bunches Feas-Local Telephone, Coupon Bonds in denominations of $1,000, $500 and $100, Registerable as to principal. Registered Bonds in Denomi- . WHEN INTEREST RATES FAI | rape 8 Wem, gerne | nations of $1,000, $5,000 and $10,000. Coupon Bands and Registered Bonds. ‘5 i Boar ie And the several denominations, interchangeable ” Redeemabie, at the option of the company, in whole but not in part, on October 1, 1931, or on any interest date. Puget Sound Power & Light Company’s Eight Per Cent Five-Year Gold Coupon Notes, Dated September 1, 1921, Due September 1, 1926 Eig gt ong pm ‘eae ra . | The New York Telephone Company operates the only c omprehensive telephone system throughout the state of Casaba Melone—Per t, New York (including New York City) and in the Northern Part of New Jersey. ees Per 100 The Dexter Horton National Bank of Seattle, Trustee Thereafter, upon 60 days’ notice, at 105% and accrued interest. BANKERS TRUST COMPANY, NEW YORK, TRUSTEE Following is a summary of the letter of H. F. Thurber, Esq., president of the company, stating the particulars: In regard to the issue: The present value of the New York Telephone Company's physical. property, which is the value used for rate- making purposes, ix largely in excess of the cost of that property as carried on the books. On September 30, 1921, the book cost of the company's aaset®, valuing securities of subsidiary companies at conservative. figures, amounted cr $408,000,000, whereas ¢ . aggrepates less than $142,000,009. ing the last ten years $83,795,000 from revenues has been reinvested in physical property or in Bell System se- curities Tabith Per dox | Crabapples Standard box Local, per box . For the last twelve years the net carnings of the New York Telephone Company have averaged over four and one- half t its ft charges. nasmuch as the proceeds of this isswe of bonds are to be used for future additions to | | « property, net gs should be materially increased, Malages, Cal, storage, te Teokaye, erate --. cs csore The company has paid uninterrupted dividends at the rate of not less than 6% per annum since 1896, and for # ‘ os a % a, | Ore. 24-m the past eleven years has paid dividends at the annual rate of 8%. The company's outstanding capital stock of $166,- Money rates are going lower all over the country, due to the evident rT: Sezeemees & proposed to increase at an carly date to approximately $216,000,000, is owned by the American Tele- fact that there is more and more money seeking investment. | Lady Fingers’: -055 000. ..8.16@ 2.06 and Telegraph company. ain » m4 saa | Grape Fruit—Wia., per crate $0007.00 The Bonds are to be issued under a refunding mortgage dated October 1, 19281, covering all the real estate, tele- WE ARE STILL OFFERING EIGHT PER CENT because our lat : sian i sf nO . phone plant and appurtenances of the company in the state of New York, and also securities of a book value of about | rained, per Mh. 4 | $100,000,000, including the controlling interest in stocks of the Bell Telephone Companies operating in Pennsylvania, y Dews Standard Maryland, Virginia and the District of Columbia, On this property the bonds are subject to indebtedness aggregating ® $67,416,515, of which $66,549,215 constitutes the company’s first and general mortgage 4%% bond issue, due in 1939, which is being steadily reduced by sinking fund payments.. The refunding mortgage ix to Secure ratably with the bonds issuable thereunder (including the Series A Bonds), the outstanding $23,929,100 thirty-year sinking fund 6% de- benture bonds due in 1949. Additional bonds may be issued under restrictions sét forth in the mortgage. notes were authorized when eight per cent was the going rate. Investors who are informed know how to profit by this condition. NOW IS THE TIME TO INVEST IN HIGH-GRADE UTILITY SE- Valencia, per box 676@T.00 The Refunding Mortgage provides for sinking fund payments to a trustee at the rate of $250,000 quarterly, begin- ~ . ne 2S: CURITIES offering a good return and freer than any other class of ff) Boat Schedules eR ‘ 4 a §' 4 > ver An [ ing January 1, 1982, such payments to be used in purchasing Series A Bonds, if odtainable at not exceeding 102% % ‘security 6 ns henna through market ig oe Now is the —SAVE MONEY@~ BI| Lment which cannot be so applied is to be credited on thenext ensuing inatallment in reducing the amount then pay- time to buy these notes because interest rates on other securities are Travel by steamer sue The issue of the Series A Bonds has been authorized by the New York State P. F falling. TACOMA ublic Service Commission. FE Fy DAILY, 0. 11.0. 1.889 pm THE ABOVE BONDS ARE OFFERED, SUBJECT TO ISSUE AS PLANNED FOR SUBSCRIPTION Goce {er One Ticket AT 97% AND INTEREST, TO YIELD OVER 6.25 PER CENT . OUR OFFER Notes in limited amounts may, if desired, be purchased by paying 10% with 800 for Two Tickets VICTORIA? BC | é by PORT ANGELES 7 5TRAIT POINTS order and the balance in nine monthly payments, we retaining the note until Subscription books will be opened at the office of J. P. Mov tC i ‘ F i k - P. Morgan & Co., at 10 o'clock a. m., ps F final payment is made. Interest at 6% will be allowed on installments paid. (pong not ra to Victoria on November 15, 1921. The right is reserved to reject any and oul applications, tint Aled, ce prdedoaas ‘a Amounts paid may be withdrawn at afy time before final payment is made, in trip leaving Seattle Sat. Night) award a smaller amount than applied for. The amount due on allotments will be payable at the office ES A which case 4% interest will be allowed. of J.P. Morgan & Co., in New York funds, the date of payment to be specified in the notices of allot- ment, against delivery of temporary bonds, exchangeable for definite bonds when received from the x company. DAILY 11:30 P, M. | Fy Q : i J. P. MORGAN & CO. KUHN, LOEB & CO. _ Fuller Information May Be Obtained at Any Office of This Company FORT TOWNSEND RAIL CONNICTIONS KIDDER, PEABODY & CO. ' aici ‘ ‘ CONSULT YOUR BANKER ATIONAL BANK (New York) NATIONAL CITY COMPANY (New York) 3 HOOD-CANAL POINTS BANKERS’ TRUST COMPANY (New York) GUARANTY COMPANY OF NEW YORK HARRIS TRUST & Sz S ftir a | VINGS BANK LEE, HIGGINSON & CO. Puget Sound Power & Light Co, | pausescaq] | : 4 le fae Feat Monae | (As all of the above bonds have been sold, this advertisement appears as a@ matter of record only) a £ 7 * one Ta. + EAmE ORC HD ub pe UnIEOT - ms Beattle coma Everett Bellingham PUGET SOUND NAVIGATION Co if