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

‘ WEDNESDAY, MAY 8, 1922 “3 STRAWBERRIES (PLAN CARAVAN. ‘DROP IN PRICE TO BELLINGHAM a4 THE SEATTLE STAR | Shi News \Oil Stocks Higher \~ LocAL MARKETS =¥ in Seattle | OM New York Market ae, VEGRTABLIES {eats ald Wholesale Deal > , i. o eo 10 , P . Dare | “ways. temw TOR Eee ea beaee Cecnee ian bead prot of apectattion ‘ 8 i/Two and a Half Carloads|Tulip Festival Will Draw net Lew Tide eriaed the first hour on the New {ork stock exchange toda stoe "7 | tt lated Olt soared 6 pointa.to 134 comipared with ‘ ret An ie 18 Due by Thursday Many From Seattle Tuceday. New hikhe f : 5 Produc abe 4 ! ES | ‘all advanced 3 ae. ‘ Prive: ind bajyiee et Two and a half cars of Lon An-| Arrangements have been complet pose High Tide i att Wednesday keles strawberries are due here by|ed for the Chamber of Commerce Ps seme ieo@re st09 Nore whuraday evening. ‘The berries will auto caravan to the Bellingham Freeport an outstanding feature the opentn: Currie aut00@3 oe | None distributed thruout the Northwest, , Tulip festival. The entire chamber _ Weather Bureau Report ||: ort aay. SS, aoe Seat YR extn Garlic ations ps Quotations at Muchyerde ttle being the distributing point. | chorus, the personnel of the flower TATOOSH ISLAND, May 2 ' ke to reach new hight w £.1008.98 NUTS Prices were trom 26 to 60 cents low: | display committee, as» well ax many R o tive! im Prices on MY ~y ng % theme tnen 10@ 11 ~~ — Dealers er a tray at from $3 to $3.25, the | individual members, have already Unithd Beate Rubber, 66%, u ; Haldwin, ed +42 e * | firet quotation being a cleanup price. | signified their intention of making ata 18% Py Raton Wesel BY w? Wee s we California garnets were selling the trip. The caravan will amsemble rN. off XM Republic, 66% puxts ¢ lower at 11 cents pound. Drummed at the tourist and conventions ny and sacked peas were also easier at pureau of the chamber at 702 Third from 16 to 11 cents for the first andj aye, at 8 o'clock sharp Saturday 9 to 10 cents for the latter, Bouthern morning, May 6, according to plans * lamparaguse wag down to 7 to 9 cents! announced Tuesday. St Paul, 27%. up te; Asphal | New York Stock a ptr oYeemite from San Fran. su May 35 a. m D, Stout from = at 8:20 p.m; ate Cordova | Tacoma via Dupont, at 6.45 p. . a26@8 uw Or, par T. . dow. ire, bunches ' ‘ 00 ‘ th g Ll ix Sakpuag tree. Une Senncies an cae | ene ag Senden i & pound, Crystal wax onions were |” geattie banners and ribbons will ‘Giant ang 1148 pm 810 Becond A atti | PotatorsLocal white, ton pane PRODUCTS ye welling from $3.26 to"$3.60 « crate. ibe supplied all those driving with | High Low Clese| Yakima G fancy araded Prices Paid to Shippers rT) ~| . ean were more plentiful Wednes | ine caravan, Any who may plan oe vin) WR PPR PEELE ERATE | Aine Hubber... 5... "ye whe IT poh} Pternd t day, Practically all of the surplus! on making the trip earlier in the Kobe, 8h. | CHICAGO, May %—Grain. prices pide a Sweet, ¢ P wd ttle deliv 14.00611.60 ;ntock will be went to local storage. | Wey are invited to call at the | we lone of the Chie ry Arkansa: white shail lioegisoe |The butter market was weak, With! on vmber for banners, de ° La. yam ° ‘ “ne * was the ony} 2 i | Radiohes c AL SB iit he Geeame. Seaeiaee Gyeeeewe Headquarters of the Seattle del m . ttn iF western via Kouthenstern Alan {featur poe ee an See | 6M | mover. wee i 9.00816 60 egation will be at the Hotel Leopold midnight: str Willie a | May wheat t etigy ts + [omnes DAIRY PRODUCTS soe ‘*|INEW AID FOR in Bellingham, where reserva’ oe Dicten oth. mt with heavy ‘ Tomatoes Me r Wholesale 4 FLOUR AND SUGAR jare being made for a luncheon - her for sea duty, at 4:30 p. 2% | Turmipe, Rener—Lean) ensamers, extes tt Wholessie Prices | VETS PLANNED urday noon. Those not having cars. Prick oe, oy GL btoe | in Mara for Tacoma, at 4:5 FRUITS 1 | Flour—Pam. pat can go by auto bus for $5 the RM; str Kaisho Maru for Kobe, at Prices Paid Whelesnle Dealers Kage —Vresh ranch, white shel 31 | Sagar—Cans, per owl... $30) Plans are being made by the gov-! round trip, provided 16 reservations = me Mined eclere seid Hy Best, per owt ‘ $4 ernment to take care of war veteryare made. |Meat $1284 and cloned up te. Sep. | co ae a ile HAY, GRAIN AND FEED — |ang undergoing out-patient treat- itd m Ay hy ‘Or, triplet: Ty City Delivery, Wholeaste, Per Ton ecord |tember opened unchanged at 61.19% | Wisconsin ‘oroain i briew | S5@ tt | corm "Whole, yellow, 130-1, chs... 56.06] rene BCCormInE 10.40 ant ate Admiral and dup *e 30 pm, opened unchanged at July opened hosed up Xo. ope eh. a t Nessels i in Other Ports | y.\0.'sna'thonth ip ye daly open y rpeol—Aprit Arrived, ate Birm- | 64 Mnchanned at 44We nad closes up City from Beattie tec, September opened up tee at 42 lmade today by L. C. Pew lager of the U, 8. Veterans’ here. A contract has been entered into with the Young Men's Christian as- sociation to house and feed all war! 100-T. wie. 1 100-T, whe. ae 100-T wks Block Heise Wash. trip! Tillamook triplets POULTRY AND MEATS Wheieeaie Dealers Clipped Oats Wh | Dates rome Golden, pe SOE FOEFEF OE EF FEEEEE FESE FEEETE. Iphia—April 2>—Salled, str Lid. /and cloged unchanged. HY veterans from various parts of the “i ae | ; ‘1} Northwest district who go to Seattle ee a sw" | Chicago Board of Trade | iirook Wapid Pransit "| at the request of the Veterans’ PLANT HOW! Arived, str Eastern winesday's Quotations } Sapper & % 100-1. ahs, bureau for physical examination. | ° - Fernished by Logan @ ryan Hutte & Baperior nlc nM, 160-9. oko Veterans who have been de | TREES and SHRUBS ma— April 29—Halled, etr Bay | B10 Second i Li 1S * Bo di: te for Beattie. one } = be nas eS ae s TESTED Beet wane oh he erate 2 SEEDS Francieco—May 3—Arrived, atr L208 } ClO Gocend A Fag ‘ 1 | itaten eed 100" . Bertes. . ber Th... 16 | Wheat Mined feed. 10-10. sive Planting Gui pathy 4 yet Sue Fancy 4. p. 14-18 he | A LECTURE of Ford construe Fertitiaers, Sprays, Poultry 4. p, 140 the tion methods will be the feature of ‘Supytice an informal dinner planned by the | Mati Orders Elliott 4326 ser a Seattle chapter of the American | per Mm nes r a ae a Fourth tye Association of Engineers, for Fri- Vieto day at 6 p. m, at Meeves’ caf hardwood Nominal Ils in Port at Seattle Cove Terminal—Pier B—S8tr lye! Trunk Pacific Terminal—tr — | Kept 146 nba 14—Str Talthydius 4 Mage ‘heavy . | Foreign Money Status Fancy, Nant rani Mb Bess RNA cba beep tae 3 | Med. lant ee fia] aeons te Teceday‘s Quotations Fancy. heavy, 160-408 te Bir y O hm EIS | af BANK CLEARINGS | Cuban Amer #ugar 5 ° Med, heavy O89 64 | Hhelh— Rastern oyster | Dela. & Hudson Weetern oyster seattle | Mandicott Jounson Reach ® Prices Paid Wholesale Dealers Way—Aitaita No. i 2—Hir Northwestern, str Cordova DackeDreseed, per tb 48} Timothy No. 3 A—Sr Admiral Sede Hens Dressed. heavy 98 | tea B—Str Niponset, str Weet tran. 1 Shipping Hoard Moorings—stre eer. Delight, Delrosa, Ieontum, | Siiverado, Wallingford, “rs Ganokia, West Hartiand, Luveics: ‘ ry | General Ison, Western Knight, Bidridge, : Jeneral . Went Jester Geadrich Rubber Le do pta 3 $780 10.40. i vu. & C ood. “4 } n Cattle—Heceipts 11.000. Market steady $25 000 000 eres Torminal—Goke Mond. Cholee and prime, O6.46509.26 | , , mon, $T@7.0; mood and choles, 88.254 } ty tages & Dryee Bechertatiras ieee pfigaae ma a The Pacific Telephone and Telegraph Company iat a | ; REFUNDING MORTGAGE THIRTY-YEAR FIVE PER CENT GOLD BONDS sone “ty Southern str Anyox, barge Griftion. — | gs : . Eectiaeaes : ‘ : | SERIES A | Keystone Tire yearling tee Tire & Rubber piss . | @9 50, cull ts Lanigh Veitey Loew Theaters Marine um Premium. Dated May 1, 1922. Due May 1, 1952. 48% |German W. lL. 40 222 | Merlin 40 12M Mambore 4 Mambure (4e Liepela 48 Interest Payable May 1 and November 1 in New York City or in San Franctsco California flats. fancy, 19 wo 1D Be Be Coupon Ronds in Denominations of $1,000, $500 and $100 Registerable aa to Principal. Registered Bonds in Denominations \ of $1,900, $5,000 and 310,000. Coupon Bonds and Registered Bonds and the several denominations, Interchangeable. | Munich ¢e | Monten te |¥teaktort te mene te YORK, May 1.—Foreign ex- ben Opened easier today Demand Sheep—Receipte, 149 Market steady $6.43%; france, $0.0912; lire.| East of mountain lambs, $12@14; val marks, $9.0042%; kron: ley lambs, $1112; yearlin: wethers, 59010: « | Redeemable, at the option of the company, in whole but not in part, upon sirty days’ notice, on May 1, 1982, or on any interest date thereafter, at the following prices with interest; / if on or prior to May 1, 1942, at one hundred ana seven and a half per cent, | if subsequent to May 1, 1942, and on or prior to May 1, 1949, at | one hundred and five per cent, and if subsequent to May 1, 1949, at one hundred per cent. ore Sie, 1928 Kingdom Sis, 1929 Kingdom bie, 1987 ne Application has been made to the California Superintendent of Banks to certify these bonds as to legal investment for Savings Banks in that State. S! BOYS! THESE DANDY BASEBALLS AND REE EERE ee, For Just a Few Minutes of Your Time The Season Is On Everybody Wants to Play Ball.. Here Is Your Chance Your Friends and Get Started Neighbors Will Be Glad to Help You THE BANK OF CALIFORNIA, NATIONAL ASSOCIATION, CORPORATE TRUSTEE ] From a letter to George E. McFarland, Esq.,. President of the Company, stating the particulars | tn regard to the issue, we have made the fcllowing summary: The Pacific Telephone and Telegraph Company is incorporated under the laws of California, and, with its sud- sidiary and connecting companies, operates in California, Oregon, Washington, Nevada and Northern Idaho. The exchange and toll lines of the system extend into substantially all the centers of population of the territory served. The present value of The Pacific Telephone and Telegraph Company's physical property ts largely tn excess of the coat of that property as carried on the books. On February 28, 1982, the book cost of the Company's asacte, valuing securitics of subsidiary companies at the conservative figure, amounted to over $147,000,000, whereas the total bonded debt, including the present issue, aggregates less than $63,400,000, For the last ten years the net earnings of The Pacific Telephone and Telegraph Company have averaged over twice the fied charges. Inasmuch as the proceeds of the Series A refunding mortgage bonds are to be used | for additions to be made to the property, neb carnings should materially increase. The Company's total interest Wi charges will not be enlarged by the present financing as the Company has completed arrangements to pay | approximately $25,000,000 of 6 per cent notes held by the American Telephone and Telegraph Company, through the sale of preferred stock. Upon such sale the Company's outstanding capital stock will amount 375,000,000, aH approgimately 77 per cent of which will be owned by the American Telephone and Telegraph Company. | The bonds are to be issued under a refunding mortgage to be dated May 1, 1922, covering all the real estate \ and other property now owned or hereafter acquired by tha company in the states of California, Oregon, Wash- ington and Idaho, and also all securities now owned or hereafter acquired by the company. The bonds will be | subject to prior liens on the property aggregating $88,302,000, of which $31,729,000 constitutes the Company's | (closed) first mortgages and collateral trust § per cent bond issue due in 19387, which is being steadily reduced by sinking fund payments. Additional bonds may be is#ued under restrictions in the mortgage as indicated in Mr. MeFarland’s letter. A “Wright & Dit- son” rubber center, horsehide cover, High School League Baseball GIVEN to every boy who se- cures just Three New Subscrip- tions to The Seattle Star. A Boy’s Junior League “Reach” Bat, made from selected ash, GIVEN to every boy who secures only Two New Sub- scriptions to The Seattle The Refunding Mortgage will provide for sinking fund payments to a trustee at the rate of $125,000 semi- annually, beginning November 1, 1922, such payments to be used in purchasing Series A Bonds if obtainable at at not exceeding 100 per cent and acerued interest. Any portion of any semi-annual instalment which cannot be | #0 applied is to be credited on the next ensuing instalment in reduction of the amount then payable. | The Above Bonds Are Offered for Subscription, Subject to Due Authorization and to Issue as Here’s How COLLECT NO OUT-OF.TO Planned, and to Approval of Legal : c -OF TOWN lanned, and to Approval of Legalt ty by Counsel, at 94 Per Cent and On City Subscriptions— simply take the order for the paper. the » subscription blank printed below, then bring to The Star id get your ball and bat. All subscriptions must be NEW—that is, people who are not now having The Star delivered to their homes. Must be paid In Advance at the rate of 50c per month, Subscription books will be opened at the office of J. P. Morgan & Co., at 10 o'clock A. M., | Wedneeday, May 8, 1922. The right is reserved to reiect any and all applications, and also, in | any case, to award a smaller amount than applied for. The amount due on allotments will Le pay- | able at the office of J. P. Morgan & Co. in New York funds, the date of payment to be specified in | the notices of allotment, against delivery of J. P. Morgan & Co, trust receipts, exchangeable for definitive bonds when received from the company. I hereby subscribe to THE STAR for two months, and thereafter until I order discontinued to pay the carrier at the rate of 60¢ per month NAME { “ADDR I agree I am not now having THE STAR delivered to ma 2. J.P,.MORGAN & CO. KUHN, LOEB & CO. | KIDDER, PEABODY & CO. FIRST NATIONAL BANK, New York THE NATIONAL CITY CO., New York BANKERS TRUST CO., New York : GUARANTY CO, OF NEW YORK HARRIS TRUST & SAVINGS BANK LEE HIGGINSON & CO. Dated May 3, 1982, F | ‘ Taken by.... Circulation Department THE SEATTLE STAR, 1307-11 Seventh Avenue