The Seattle Star Newspaper, January 17, 1922, Page 12

BUDGET MAKING | D TO BE STRESSED Tides in Seattle || \ " . TURSDAY ) Wronemspay | || Wednesday’s Thrift Week) ssn | uN Piret High Tide second Low Tide Activities Planned First High Tide “Plan wel! expenditure ‘The science the chief ‘Thrift Week fng the prox 7 official “Budget The activ » day w of budget mak \ a of Nat concern the committee tn art ram for THE SEATTLE ‘Studebaker Feature Shi News of Exchan ge ‘Frade ° Wau Al tudebal snd Mor vie ABLICS Vaid Wholesale Dealers po o POULTRY AND MEATS . : $00! Prices Paid by Wholesale Dealers per Te to Shippers Pome charset | : Arrivals and Departures ))., : udebaker, 8%. up te, Mexican Fetrotaum, 118, | +. nied ‘ : ett Preskient of the Seattic * 7 yer Southern Pacific, § Pe fed ae rt ce Sef Women's clubs, and in dozer ion. e - . ng pe vi att ‘ hon Pek A ei AF es Cotlar aercrarern une of these % MbiaAdresses over the city and in| new ‘a Palins a Centrale 14M. oft . Madishee‘Local. gos, punches, 20@ : is home sav- Yi Mp informal discussions, the impor ' fer , | dos. bunches : ° ; ankes iF Siamese of the family budget will bo |! t N. Y. Stock Retiies hubirh “Laced hotnouee,. To... 18@ pee ing banks § ¥ Bome of the addresses to be de bie nahined > “ ine 40-40 the. oom tt . @ g De taveret Wedaoesday are reka and “ Mook tow Close | - ‘“. He Br} ing your 2 is club, John Sutthotf; Ro Allie teal ‘ * omatacsMexican. jam ° : bag iF Ries ctuh, J. W. Reynouts: Y. W WHEAT HIGHER Ama Cie i WOy,osS0tR GT AP ENUM —Legnely sna OA ene Sa Wasknte Decae dimes for a y © A, Miss FE. 1. Raitt; Roein Ame ational, 4% 40% 40% FRUITS Ang appetites rear y, . Ss Ge. cunpleyen, 8. F. Woody j Amer 108% 108% 100% j Tries Paid Wholesale Dealers heavy, ; year. 4 - am, & CHICAGO, Jan, 17.—Wheat prices rican Tuba: i ¥ z M. ©. A. Educational assembly bgigee Uaaemine lox the ticladinn tacah OF Arner nefnes 1902.38 a d 13. oe ann Triangle clu) 9.4 yyw for Ban (rade today. There was little fea | Anaconda oo@n.se Stuart Thompkins. » the market and interest la, Atehinor ” 4 a bversthing must have a plan,”|* or Might oie ee We loan My, the official sioan adopte isi 'elk \epete welt ther freee a 4 ‘ committee for the day. 1 J! Bet is . box sue aod, ? ‘ Wo thrift work, the following pledge 4 | canadian Pa pital +4 ant, tn savings Rg SAVINGS BANK is offered od at! Chandier Mot 1s inne , Y Spee eM. mt sisi depositors Thrift Pledge | nme he Pees 218) muelginn Hares tive, pert National Turirt Week, Januar: 1 hee) * P a . Alaska ‘Vessels a LIVE STOCK 3 ae Ketch + ‘Nortn Famous Prayers s ‘That I may further the cause of |, Meiehssn ie m | Rowers! Mover Pihritt, denetit my own fortune . | Chicago Board of Trade neral Aapha ue : [and Dette T plotes masenr || . Vessels in Other Ports | . “yal jamin ni pledge myself Jen. 1 ived, ate Arizona ° eaneke Quotations #1 Stockyards fo open a savings account en or Wheat— Open His ake range oe bon Cattle ite Feorcary 17, 0 " May Flt sLaay 8 y dren Peiene 1e0@rs 4 1 oo% Leos . De Ant bd * ‘ 4 ® . ba ind TNS poidownsus/nceveces ier 4 os 4 «4° | Pineapple iaialian. jar Cane coee Second Avenue at Columbia 12—Arrived, ste Wheatland 7 am " 4% 110% TM NUTS cece om Heattle i 8% . @ 3% aT Prices Paid Wholesale Dealers 9 vou Organtzed 1888 Address ... : dan, 19-Maifed. str Meanie \Juiy. ws , : Tig pAimendent XL, per Mm as roe 1d—Arrived, str Manlia | say m0 ’ - “ | » ue Bo: se a t Lara A | tb ue Moxe “ = mene il ERE SG ee Aretved, ate Manu: | a 83 33 : Japanese o.0; Prime tebe. ELGG NOG | Calc Weed 300-1 ek way NET PRIZES LIMITED _Cut out this pledge and mail to Arrived. otr Bisel” Sibe 18% Rewgh heavy ‘ ey ipand jioe| Lawn tennis clubs have started a tive Secretary, 1922 Thrift ¥ 2. x pial ts ber} “ . pool move to restrict first prizes to @ es ot Contry ar . wnt by | value of not more than $50, and set Building, Seattie. Nerthtand from Beat «a. m, Malled, a H t : Hr Mawatian for Beattie, wt Taw | Chicago Live Stock : @ limit of $25 to second prizes. } (Teceday's Quotations \ ; : — | Reported by Wireless ("ron SU Mee re Ht See, Sedat sss 1 “ y* : : . : eae _~ . wick bord Charcoal Kastern, hardwo . U.S Naval Radio Communieation | ot hea mt § a andar . 83 ro : FLOUR AND SUGAR paw reo Ane western - gy inasaste —s si cele Seah lies : Wheleanie Priess pa “ us «4 of Viowr pat, 44's, city dott 2007 40 ay ON oe ; 4 er ae Hoot. per 6.66 oll — Eastern 0: . 9.000. Market the! 4 - : HAY, GRAIN AND FRED fecere ereter ee a 19619: 9 oan 39 MY PRODUCTS Chy Delivery, Wholesale, Per Ton Beach ek: oe - 4 Viholewale Dealers Whois one Vineerd ogo oo ° er ae age wre i or . ‘ ‘ camery, cubes - ey: vy Demand ‘Due to Low _ Vv 1 Port at Seattle! os cals, 84% BSN . % AiteMe Meat pene 9 od PO ped essels in Po cows. | Uta uae ‘ ell “4 Price Is Cause ‘ rminal—Pier A—atr Iwate . nee: Bell Btreet Terminal—U, & « A strong demand for egies created Ua GA low prices, caused a Bcent ad here Tuesday. The receipts |" lighter and it was said that! pi. t were holding hack ship. to make the market advance. fresh ranch, white sheil henner } Were quoted at 34 cents a dozen, P colors were cents and)" lets 29 cents. x A firnrer tone was noted in the but Market, tho no changes were The receipts are said to be Heather ‘The first shipment of Oregon) gets was on the market st yet pln tor the stock, as they claim is t00 early in the season to make | Puaet © males. A half car each of j cauliflower arrived. changes in prices were reported. ‘The fruit market was weil supplied | ,, and oranges were quoted lower at | w) Most houses at from $4.25 to $5.50 a| box. No other changes were noted * Stacy Street Terminal—U. & CG. & Burn-/| side, str Deilwood. tr Derblay. edging Co.—atr Btr Roosevelt Mil Heffernan Dock », Latovche, Morning mm City, “BS ANK CLEARINGS ORIENTAL CABLE jes 22s — SERVICE FAILS. - $4,997,096.51 $49,508.67 * Direct cable communication be tween Seattle and the Orient has! Leen cut off thru the failure of the | Butter: atras, Postal Telegraph company’s cable be- | Le tween Honolulu and Midway island, aun nae it was announced Tuesday by Ollie | Cheewe— aumeesie flats, fan 2 F. Schulz, local manager of the com. | . Dany. | ‘The cable ship Restorer was to sait| Ne Y, Sugar and Coffee from Seattle Tuesday to, repair the | gegar—Firm. Raw, $3.46 3.61 | Clearings ... Balance oe San ‘Pande Produce (Tareday's Quotations) 1b; prime firets, extra pullets, granu- fable, but Schulz said it would be! lated. 14.50@4.90. impossible to restore direct service | © No me apot. 8@P%e Ib; No. | for two weeks. A | In the meantime Seattle cables to . | the Orient will be relayed via Europe| Foreign Money Status and the Malay archipelago, this| peeked nt: o’matann process taking from 12 to 16 hours. | Hatler Hotel Balld ‘The trouble affects the Normal valve country, as the Postal has the only |! oe direct commercial cable to the Orient* from this coast. Cable service as far as Honolulu is not affected by the trouble, but no entire the Liberty Bonds (Momday's Quotations) 0.0003 % Demand ster | ¥ 19 0818 krone, 66 START NOW Did you include in your New Year's resolutions the determina- tion to save money during the pres- ent year? There is one sure way in which it can be accomplished: Open a savings account — to- day, not tomorrow—and then de- posit regularly some part of ea fa pay check. Do not delay because the amount is small. peninitier that it is not so much the size of the first deposit as persistent ef- fort that determines how much you will have at the end of the year, National Bank of Commerce of Seattle Messages can be sent beyond that d point. pis Sehulz said the trouble was prob-| 16.00 ct» Greek drachma... 4.45 cte ably caused by a leak in the insula tion, resulting from water insects| Sir J. Y. Simpson in boring their way thru the shell and | 1847 discovered the « th prop copper cable casing NATIONAL THRIFT WEEK “SPEND WISELY” “SAVE WISELY” Savings deposits in this bank are protected by lerties of chloroform. 3 the Mutual Savings Bank Law of the State of : Washington—the most rigid, scientific Savings Bank Law in existence. Investments are made in only the highest class securities, and not one dollar is ever loaned without security. Observe Thrift Week by opening a savings ac- count in the Oldest and Largest Strictly Savings Institution in the Pacific Northwest, namely, the WASHINGTON MUTUAL SAVINGS BANK 1101 Second Avenue Northwest Corner Second and Spring Established 32 Years Resources $15,800,000.00 Today Is Benjamin Franklin’s Birthday Observe National Thrift Week, January 17 by starting to save in this mutual savings stitution. in- We invest our funds safest in the obtainable conservatively value i the Auditor of the securities on tate Washin, ton paid 1). mana than ement, a rate Ie 5 1-2% per Annum Join our growing list of member up to and including $ 000. with One Dollar or sums ranging Dime and Dollar Savings and Loan Association Second Avenue at Columbia Street Housed with Seattle Title Trust Company Safe Deposit Vaults in Connection THRIVTOGRAM: Save while ye may Vor Father Time ts flying: The fortune that blooms today Tomorrow may be dying. $30,000,000 SOUTHERN RAILWAY COMPANY Development and General Mortgage Bonds Bearing 63% Interest Dated April 18, 1906 Due April 1, 1956 Not Subject to Redemption Prior to Maturity Interest payable April 1 and October 1 in the City of New York Principal and Interest Payable Without Reduction for Taxes fn denomination of $1,000, registerable as to principal authorized multiples thereof, Coupon bonds and Registered bonds in @enominations of $1,000 and registered bonds interchangeable, TRUST COMPANY OF NEW YORK, Trastee Fairfax Harrison, Esq., president of Southern Railway Company, has summarized for us as follows his letter to us describing these bonds: GUARANTY sued under the development and general t the rate of 4% per annum, ai indenture, the comp tw to be & mortgage, dated Aprf 18, 1906, and will be secured by the lien of that mort- Affix to the bonds its obligation to pay aking the total interest rate 64% per annum. The 2% additional cured by the st and general mortgage, but in the supple i} covenant that it will not create\ any new mortgage upon any part thus 1 ‘ot be company w ne developm of railways ect to the ment and general mortgage uniess such new mortgage expressly thall secure the © additional interest obligation equally and ratably with any indebtedness secured by such new mort The total 6%% interest obligation is combined in the several coupons, The proceeds of the sale of theee bonds will be used by the company to pay its three-year secured gold notes maturing March 1, 1922, to pay a demand loan owed to War Finance Corporation, and to reimburse the company’s treasury in small part for capital expenditures. Since the development and general mortgage wae created in 1906, the company's capital expenditures on the property subject to the mortgage have exceeded $135,000,000, upwards of $40,000,000 of which was from cash derived from earnings. The new capital has been used to provide improved facilities for the ¢ nt and economical handling of traffic A comparison of the earnings and traffic results In 1920 with those of 1905 shows the following growth and expansion Gross earnings per mile of road increased 2 Rev ton-miles per mile of road increased 1 Average earnings per freight-train mile incre rm miles per mile of road increased 1 Average carnings per passenger train-mile increased 159.4% on During the 5% years ended December 31, 1917 (when the property was taken over for operation by the Federal Railroad Administration), the aye of the company's nual net income, after deducting , and mi aneous income charges, was nearly 1% times nnual interest charges. 4 Return” rental during Federal control was limit 893 per annum (as com- pared with $24,085,574, the actual net operating income for the calendar year 1917) but it wag suf- f ther with the company's oth income, to produc a total inc ne equal to about 1% times afy'a interest ob s. The company’s net operating income has recovered from the low hed in the latter part of 1920 and the early part of 1921, the monthly average raising from ne first six months of 1921 to $2,004,377 for the succeeding five months. he location and extent of the Southern Railway System are important elements of its strength. affiliated to Norfolk, © South, any's owned lines, Lou 4 Memphi largest cities traver tural and manufactured products. reac arleston ing from Washington, Savannah Jacksonville Richmo: Mobile a territory yielding a growing traffic 4, Cincinnati, Chicago, and New Orleans, via of wide variety in agricul- in the The above bonds are offered, subject to issue as planned, at 941% and accrued interest, to yield over 6.90%. Subscription books will be opened at the office of J and will be closed in their discretion P. Morgan & Co, at 10 o'clock a. m, Tuesday, January 17, 1922, The right is reserved to reject any and all applications, and also in any case to award a smaller amount than applied for, The amount due on allotments will be payable ut the office of J. Ps Morgan & Co,, in New York funds to their order, on or about February 1, 1922, will be d Temporary bond ed pending the preparation of definite bonds. J.P.Morgan & Co. First National Bank * New York The National City Bank New York Harris Trust & Savings Bank Guaranty Company of New York Bankers Trust Company New York Dated January 17, 1922, As all of the above bonds have been subscribed for, this advertisement appears as a matter of record only, practic BUF 10 KAN and “su