The Seattle Star Newspaper, April 3, 1922, Page 12

THE YBGRTABLES id Whoilrsale Dealers Artichokes Per dos. 2.002.286 |» Live, per 1 ) Fanoy dry pleked .: Asparagus—Cal. por ». @ 35) Live, § to 18 the. w Site Green, Pia, per tp. @ .25 | Roasters—Old, live, per tb. 2 ®. 1 tt Maca, sack ow First High Tide Gah. don bunches me, 88 ft hands at 12 ‘Or, half-crate aw Tide udebaker wa. Cal 4 5:53 Dm, 08 ft Lie at 114% ‘Local, per sack second High Tide don. bunches ue wt Tp. me 10.6 ft prices included: Utah debaker ‘uP S66 ta lh! ee faa udebener. Leh 4 > MEATS ther Bureau Report WM THLAND, April fe® A. « nd Cadiline and other veh i constant in ane Becond Ave, Heattle Mish Low Clos i Oe « da. ing. bunches hothouse, dos bunches. erat: . ‘Mexican, tug . ‘Yakima, yellow, sack. Rupert vie ports, at . nd for Ban 1 ven, Ii ‘ Medium te chotee . Petersbure—April 2 northbound, at § pm; ste Jefferson, toria, southbound. come Mary, northbound, at 2 March Si--Arrived, str Tye-| parite oil str Wenatehes from | penn i di ce Vessels in Port at Seattle ji: fw abelivery, What Smith Cove TerminalMer Air Wet | Revie Cracked, 100-™. sks. Pier 2—#tr Alameda, str Cordova. iy Admiral Bebres, str Admiral og Toard Moorings 8tr Croas str Delrosa, str Alaska Steamship Moor Stacy Mreet Terminal side. ay o> Lander treet Terminal—U. & G. @ Bur. | Victory ¢%* 10040 100.44 008. a Bs Ved ain B88 ie Mreet Terminal mM ehip Lib. +] Ry malen Mare Ges, Corn Foreign Money Status Rast Waterway Dock & Warehorse (Setarday's Qoetations) tr Stanley Deliar. Fernished by Logan ‘Tedd Drydocks tr Narenta, bkts Forest xtra | pallets, 21% iifernia Mate, fancy, Be Ma: em Bettast, barge Coquitiam “From the Pennsylvania Hills To the Chain of Steel Industries A Motion Picture of Intense Human Interest—The Greatest Industrial Picture Ever Exhibited—Over 6,000 People in the Cast With Special Musical Program Twelve-Piece Orchestra | To Be Presented to the People of Washington This wonder picture will be shown At the “s—~-| Metropolitan Theatre FREE 2 PUBLIC THE Tacoma—Tacoma Theatre, April 10th and 11th. This coupon, when properly filled out, entitles you and your family to free admittance. Everett—Everett Theatre, April 12th. Additional tickets may be obtained at Suite 220 Douglas or call Elliott 3146 and additional tickets will be mailed 99 Yakima—Capitol Theatre, April 14th. Bellingham—American Theatre, April 19th and 20th. Spokane — Auditorium, April 24th and 25th. Two o'clock Each Afternoon Eight o’Clock Each Evening Thursday and Friday APRIL 6-7 “Pennsylvania Hills Please Fill in With Pencil—Iink Blure To the Chain of Steel Industries” “A Motion Picture of Thrills” Name soveseseceee o- Street JN ORS PN SEATTLE STAR MONDAY, APRIL 8, 1922. Quotations) $5.49; eranuiated Nie, 14k . Denver Live Stock (Saturday's Quotations) "i 100. Market 19@1 i. se tb Start Saving *” Before April 5} and share in Three Months’ Dividends on July 1st The funds of the “Dime & Dollar” are loaned on improved properties and the loans are based on a conservative valuation. heifers: teu *, 100. Market t.come Central Leather jethiehem “I, During the last fourteen months our institution has 1a increased 100 per cent in its business—fitting evi- Wadinie'stte: i, B Bteel dence of its increasing popularity. : “United States Tubber, 63% Since our organization we have never paid dividends at a rate of less than % Per Annum ae DIME & DOLLAR SAVINGS a My Ty & LOAN ASS’N on nN ns a 4% aT 4% (tT Housed with Seattle Title Trust Company ad salad tec lama 114 Columbia Street, corner Second Avenue Nominat 19.78 Safe Deposit Vaults in Connection ou 10.62 eet 47 rs . , - z Re THRIFTOGRAM: In Life's Library, a Savings Ac- “egal N 10.98 count book is a Volume that holds the Secret of July + 10.20 . 10.90 10.55 Success. OFFICERS Cash Wheat President. ......+ oove -WORRALL WILSON CHICAQS, April 3.—Caah wheat—No, ¢ IMYSICAL, exertion con. { -ALVIN F. BAILEY | U135%) No. 2 red, 61.33%; No. = oumnes energy. Milk Vice - Presidents, ... PAUL C. HARPER herd, 61.934 01.81%, builds up again. ( ..W. B. SHOEMAKER Wheth a x Secretary tUSSELL 8. CALLOW is Money on Call page Gianaty Eatiie or ent tana Treasurer. HARRY R. HART, Jr. x months, 4% @4% per erately so, milk will help GAN per cont Sd, New York, Foreign Exche nge to keep you in healthy con dition. Kristoferson’s Pasteurized Milk Portland Market S tatus stead Denver Live Stock Oovotations: Perfectly in expe. YEW YORK, April t—The foreten ex. / claily good ans a health Demand beverage. It in bottled in a1Ms Ure, our big, manitary plant under expert supervision. | a Give it @ trial | m, $1111 0. Bheep—Heceipts, 245, Marke $12.65@15; owen, $8.76@8A Bast of mountain lambs, $15 ley jambs, $11@13 wetbers, $9410; ewes, eee wale | daca mnioneneaaes $9@11;) If you wish to learn the |dancing steps and be up to | telephone Elliott 3187. Prof. son, of The Hippodrome, Fifth University, will teach you. i he mm; | ners’ classes start each Mo evening at 7 o’clock.—Advert! ONS: Be xen 0040) |,N. Y. Sugar and Coffee, No. 7 Rio, spot, 4 Banton, 140 14% Tota) trananctions Sixty Million Dollars The New York Central Railroad Company REFUNDING AND IMPROVEMENT MORTGAGE 5% GOLD BONDS, SERIES C Dated October '1, 1921; Due October 1, 2018 Interest Payable April 1 and October 1 in the City of New York Redeemable, as a whole but not in part, at the option of the company, at 105% and ac- crued interest on, but not before, October 1, 1951, or on any interest date thereafter, on three months’ notice. Coupon bonds in denomination of $100 (not registeradle) and tm denominations of $1,000 and $500, registerable as to principal. Fully registered bonds in denominations of $100 and authorized multiples thereof. Coupon and registered bonds interchangeable, The issuance of these bonds has been authorized by the Interstate Commerce Commission GUARANTY TRUST COMPANY OF NEW YORK, TRUSTEE ‘A. H. Smith, Esq., President of the New York Central Railroad Company, has summar- ized as follows his letter to us describing this issue: The refunding and improvement mortgage bonds are secured by direct mortgage on all of the railroad owned by the New York Central Rairoad Company, the main line of which, extending from New York City to Chicago, is one of the trunk lines of heaviest traffic in the United States. The property mortgaged includes rolling stock costing in excess of one hundred thirty-four million dollars, which ts ovoned free from equipment liens, and the mortgage will attach to additional rolling stock costing approximately one hundred thirty-five million dollars upon the payment of outstanding equipment obligations aggregating approximately fifty-two million doliars. The company's investments other than otoned road and equipment amount to approrimately $370,000,000, about 80% of which is in affiliated or controlied steam railway properties forming an integral part of the New York Central system. Income received by the company from these investments in the last seven years averaged 4.67% per annum on the book cost of all the investments, including non-dividend paying stocks. For the last seven years (4. ¢., since consolidation with the Lake Shore & Michigan Southern Railway) the company’s net income, after deducting rentals and miscellancoks income charges, averaged $58,001,400 per annum, as contrasted twoith $24,057,985 average annual interest charges on mortgage and other secured debt. Net income in 1921, after deduct- ing rentals and miscellancous income charges, amounted to $63,090,362, as compared with $27,825,969 interest charges on mortgage and other secured debt. Inasmuch as the proceeds of this issue are to be used, in large part, to retire existing debt, the issue of these sixty million dollars bonds will increase the annual interest charges of the company by only about one hundred sixty thousand dollars. The average interest rate on the company’s mortgage debt, including the present issue and $480,161,000 underlying bonds, is slightly less than four per cent. Bince January 1, 1915, the company has added to surplus approximately 380,000,000 from current income after pay- ment of dividends on its stock, The company has additional resources in the undistributed carnings of subsidiary properties, its proportion of the undistributed surplus earned by the five principal steam railway subsidiaries during the last seven years amounting to more than $44,000,000. The outstanding securities junior to the refunding and improvement mortgage bonds include $105,500,000 debenture bonds and $2 55 par value capital stock. For every year since 1869, dividends have been paid at the rate of at least four per cent per annum; since 1900 the rate has been not less than five per cent per annum, In the opinion of counsel, the refunding and improvement mortgage bonds are a legal investment for savings banks in the states of New York, Massachusetts, Connecticut and Vermont, HE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO ISSUE AS PLANNED AND TO THE APPROVAL OF OUR COUNSEL, AT 94144% AND ACCRUED INTEREST, TO YIELD NEARLY 5.30% Subscription books will be opened at the office of J. P. Morgan and Co., at 10 o'clock ‘A. M., Monday, April 3, 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 at the office of J. P. Morgan and Co., in New York funds, the date of payment to be specified in the notices of allotment, against delivery of temporary bonds exchangeable for definite bonds when prepared. J.P. MORGAN AND CO. FIRST NATIONAL BANK, New York THE NATIONAL CITY COMPANY GUARANTY COMPANY of New York BANKERS TRUST COMPANY, New York HARRIS TRUST AND SAVINGS BANK KIDDER, PEABODY & CO. LEE, HIGGINSON & CO. New York, April 8, 1922.