The Seattle Star Newspaper, April 4, 1923, Page 14

PAGE 14 THE SEATTLE STAR WEDNESDAY, APRIL 4 SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, Building RAILROADS IN AD CLUB GETS Still in the Air | MARKET FOR NEW OFFICES DOUBLE TREAT .: 2° ss LUMBER 6000 Work and Flowers Mixed at the corner of Fourth and Columbia watching one Pacific Coast Biscuits and No Sign of Lull in Demand Fourth and Union lone steam shovel dig a hole for a building. A Strand Music at Meeting |: for Building n be figured, they comprised 45 business men, 10 : . r a toe ‘ professional loafers, four women, three kids and one u r 1 Business Editor, 1999 Romance New Calls for Bid: (EDITORIAL) T 3:55 p. m, Tuesday 63 people were standing at near 5 as ¢ Carpenters ninters BM and flowers were the Ting features of the new } Triliroad cente the fact t! Were still custom BRIDGES SEWERS Wera J outsta urth Tuesday, In finishing touches t on the building alterations silroads opened thelr offices at Fourth ave, and Vnion st dule time, and be gan what expected to be the Dusiest passenger year in the } tory of Seatt! 4 presented Signs of spring? Perhaps. But it was also a sign that there is a romance in business—any business. Unfortunately, we often lack the perspective to see it in our own particular line. But the fact remains that there is a romance even in YOUR job, no matter what your job may be. Your job—do you know its history? Do you know its relation to the rest of the concern, to the local ; trade, to the world? Do you know the big men it has ar ied = produced in the past? Do you know what would hap a * pen if everybody quit it? rave Met Merchants Hear Robert W. Strong rt ELECTRICAL Saal — ' preci re | y are EQUIPMENT WILL HAVE UNIQUE gh a ‘ Mi. : OIL PAINTINGS r An unusua’ s wil oe pre the Alaska P, Ziegler artist, is cor BUILDING CONSTRUCTION on gala with huge bouquets 4 tributes it was evident that the im Learn about it, fed.a grou! give the daily grind a a ony wh g the road to Success. everywhere. a limpse its romance, and it will help Provements have v that will carry you far test zest 1 alo wn Cord ther non Strong Addresses . Automobile Dealers * man * not thru the that have ast few realiz- Markets hav’ atvectiaider tients tlt, mete” bide 10 a. m, aprit| At Incheon at the Yacht club Tu from the material markets and that ing width. While all of these @epict Alaskan » - a a y Revel tone will fected by three figure p: showing typical Ala kan activi or of showing fishermer Alaska. | GROUPED FOR : lenver Live Stock Tereday’s Quotations Local y TAULES | Prices Paid Wholesale Dealers one t ther tage In postponing tion of lower Portland Produce Tursday's Quotations | ‘a costs » No Unemployment Tacor : ‘ Here, Says Shields |ficuce, 100 constete ump stendara : Celery, par erat Ent Kate hed be ond orp y » » m. New Realty Firm Garile Ter : So} fosnceiry nM ager gy Medi llyrvene| beret de Epes; Net ‘ in West Seattle al, per tb PUBLIC CONVE ‘The transp * that have already Senter are the Southern FP Great N TICAGO, losing prices | Cattlo—neceipin, 100. M > m the bid 2 \ Mteers, tT @8 Northern Py f ‘ pite a show! } bowie: csek ; end, under aquantit moved weeks of 0 loor work was ‘owed by the Woo construction T ble spurt the h will keep club, ‘ong comft and giving especially in TI FRUITS works ne a Burcpeen trade. ~- Whelesale Deal r ! rotary Beat Fi 5 roduction is increasing steadity’ “eribhi ps ” ; j " Matrict No 1 Prices Will Not and is now virtually on a par with | @ Biacks. box .. ** Mrs. Miracle Will r i Operators in both the South taney : report a asctgapuasrbsieiain see = MISCELLANEOUS . . @ © KQUIPMENT visible ae} San Francisco Produce 7 SAS MM al oe ohare .¢ creased 1,801 ver last Turaday's Quotations | ‘ 4 | Kansas City. Tho ek and iast year f export b thru and, too, ng volume, im at this grouping owe © : r offices ts in for the cony passen engthened WASHINGTON, Recent Ch fee eke at the tourist season, and act. | Py efi as a deterrent to tra “Year, with no tieups and with a pros Perous year, all indications point to! B host of visitors. AD added impetus to business tn |* 4he new offices will be the special Eastern excursion rates, to becom @ffective May 15. These agents expec | Many people to avail themselves of | N. Y. Sugar and Coffe icago Board of Trade Foreign Exchange NEW YORK, April Woreign ex 0 opened at Dema es Nf ’ " * £4 to the dollar. wed steady, Stor 49.0888 re. to the dollar “or Foreign exet “, WA 0.0600 \s to. mar “ . Foreign Securities Teesday’s Qootations Fernished by Legen & firyan ‘M10 Becoud Ave, Beattie Stocks nis 12) 11.95 =| + 33 iss nae , 16.10 'y bed 19.09 r © the rates this season Financial Flashes From James Macfarlane 4 Ca | 811 Second Ave. | ‘Twenty industrials 101 20 rails $5.84, off 1.31. Montgomery Ward has record s amounted to $12, A484 a year ago. s March sales were $15,801,061 for March, off 1.24;]} ay Roeb: © $19,754,388 vs. 1922. The Soo Line’e February balance, Before charges, were $194,623 vs. a} ‘deficit of $429,265 last year. eh Standard Oi! of Ohio's report indl-|, (ates net earnings available for com- } Mon stock of $40.89 a share on in- reased capital in 1922, vs. 51.54 on WEDNESDAY First Low Tide Weather Bureau Report TATOOBH ISLANT cor, — ‘Ship News. Tides in Seattle } THURspay | APRIL 5 | First Low Tide | >s Am, 46 ft | lest High Tide | Second Low APEL. 4 ; Tide : 0.9 ft Liberty Bonds Tareday’s Quotations Furnished by Logai 410 Becond Ave, Seattle High Low 1618 iLé ft April 2—8 A. M thy; wind Routh Passed in, atr Point abo, at § a. wing barge Chas. t miles our at 6:40 a, m m.; at atr Saginaw at 740 a. m 4 aterting, | Al a iryan «| ' Grape Vraw Howey Temoms pple Tangerines— | | Prices Paid Wholesale Dealers imonde— Ln, per ® per DAIRY PRODUCTS Prices Paid to Shippers ttertat— | pA BFAGA Beattie do Rare—Freen ranch, whi Mixed colors Ps shetl | saute tons | ¥..0. Bh. ‘condem DAIRY PRODUCTS to Metall Dealers et cubes tle supply POULTRY AND MEATS Prices Paid by Wholesale Dealers to Shippers | Botter—w: | Wash Fryers and | Capone Faney Hens — 4 \ one | Geene— Live. tat Delgian Hares. f to 10 me 4 The, and 4 Old capital in 1921. jared a regular Wm 50 cent dividend, payable May 15 on ") Block of record May 1. ¢ during the week ch 24 booked new orders to approximately $7,200,- 000. This consisted of only moderate sized orders in regular lines of the Arrivals and Departures | | ARRIVED—April 2 | Nght . lant Foreign Money Status Tuesday's Quotations | "7 Furnished by Logan & ficyan * B10 Becond Ave., Beattie Normal value fase $1.00 nadian e ig | 19:30 « POULTRY AND MEATS Prices Paid Wholesale Dealers per Mh, Present value Str at 4:20 @, m. yin April 4 tle » 1 y are not STREETS AND HIGHWAYS me alarm mmerce Hoo ble today nd y cation of their! tion niles tle| remaining « r 2-100 miles, --- — = enjoying a big Ten thousand dwell- Cowlitz county Buenos » Bend, hway als Alres is bids | building boom. No. | ing bi WAN a series of talka ntracted for 1 Address City Clubs Sie i : “i y Seat Rise, Says Hoover Sromte set by the mt Ap 1 bor which may pment ‘ods h FIRST-CLASS FARES on all pas senger lines to Europe were increased 10 per uses for working people have | no incre July rfl 1. There will be in westbound rates until $60,000.00 72% 74-Year Sinking Fund Serial Gold Bonds secured by Closed First Mortgage on THE MALMO & COMPANY NURSERIES Dated: April Ist, 1923 Interest Dates: Callable on Interest Pay Federal Price; April Ist and October Ist ng Dates After Two Years at 102 and Interest Tax Up to 2% Payable by Mortgagors r and Accrued Interest to Net 714° PURPOSE OF ISSUE: Malmo & Company ment of the Sanved nursery, their larg them in a field by them: in the United Stat importation of European stock. BUSINE growth, as growers, importers and jobbers of nursery products. failed to meet an obligation. competitor in the Northw. PERSONNEL: Denominations: $250 and $500 ire borrowing this money to purchase the stock and equip- ; This acquisition will place elves on the Pacific Coast and rank them as one of the foremost nurser as Sanved was the leading importer in Oriental stock and Malmo a leader in the es For over thirty years Malmo & Company have operated with a steady and successful During this time they have never Charles Malmo is the manager and principal owner; associated with him are his sons, rence Malmo and Prescott Malmo. SECURITY: These bonds are secured by a closed Mortgage on (A) Twenty acres of rich bottom land in the Duwamish Valley, entirel which will be the principal nursery grounds. mately $5,000. (B) One-half block of ground adjoining Rainier Avenue on the West, Thirtieth Avenue South on the East, and Mount Baker Boulevard on the North. This tract is improved with a two-story apartment house and store building. (C) The entire nursery stock, which includes standard varieties of fruit trees, ornamental de- ciduous and evergreen trees and shrubs, and also all varieties of bulbs under cultivation. VALUATION: Land * iat Wiss -$ 57,500.00 Bitlidingy s,s + « <uate 7,590.00 Nursery Inventory ..... 207,88 company’s business. Studebaker produced and sold sold 37,500 cars the first quarter of this year, on which net profits, after Gharges and taxes, exceeded $5,000,- 000, or $6.05 a share on common} 5°). ‘str Commerc onivens Mock. President Erskine indicted | rouver, B.C. at 4p. m.; ate Forest King | > that prices of Studebaker cars would | for fan Pedro, at 2 a, m. Not be advanced at this time. re ie Lovie: is ‘ Alaska Vessels Clearings Ketchtkan—April 2—Salied, str Prin-| | Balances | cess Mary, northbound, at midnight 1] . . Club Meetings } The Seattle Real Estate association will meet Thursday in the Butler / banquet room at 12:15 p.m. Frank © 8. Bayley, of the law firm of Herr, Bayley & Croson, will give a talk on " Feal estate law. The program {s in the hands of R. C. Erskine, A. M, Atwood and C. B. Dodge. Ranger for April 2—Str Coalin; U. & C. B, Deljwood for eab * Turkeys—Fancy, dressed 4:10 a, m.; ate Viking for Tacom P Live, fancy, 1p. : atr Nome City for San Franch Delgian Hares—Live, per t verett, at 3:10 p, m.; str Admiral eed, “ver 10, Behley for Anacortes via ports, at 11:30 Aroveed, 5 Geese—Drassed, per Tb free from flood hazard: Buildings are to be erected thereon costing approx LIVE STOCK Quotations at Stockyards | Cattio— Poctand | Saeaites toned 4,917 Prime cows and heifers Fair to good Cannora Calves: — | Hox»— Total Chicago Car Lots Smooth Reavy ssassess: Oe 8:0 (NOTE: Tho above hicago Car Lo Hmootn heaw 0 ‘hove Nursery Inventory represents figures on an independent appraisal made by the General Appraisal Co.) Furnished by Logan & Bryan Pigs SERIAL MATURITIES: 0 Becond Ave sheep— October 1, 1924, $5,000 Cult tart October 1, 1925, 6,000 October 1, 1928, October 1, 1926, 7,000 October 1, 1929, October 1, 1930, $12,000, Wothers, Heht Ewen 2.00@ 7.00 FLOUR AND SUGAR wiowncateole, nee WP ere EARNINGS: Based on the business of the past three years, net earnings will be sufficient to exceed Blends, local, bales «. " three and one-half times the interest charges. aie ibeals ball INSURA NCE: The Title is approved and the priority of the mortgage insured to the amount of $60,000 by the W ashington Title Insurance Company. Title Insurance, together with $10,000 fire insur- ance and $15,000 life insurance on the life of Charles Malmo, has been deposited with us, for, the protection of the Bondholders, SINKING FUND: The Trust Deed provides for a Sinking Fund to take care of tax ance and principal reductions. It also Sugmr—Cano, per owt. Boot, per owt proportionate reduction of principal. (NOTIO Clearings | Balances ., Vessels in Port at Seattle ve Smith Cove Terminal—Pier A—str Fuku | | Tacoma Maru, barge Wm. Nottingham, str} | Total transactiong , Willle A. Higgins. Pier B—sehe Min- | 3¢— ‘ Rooth Pisherlen—Bchr Zapora Grand Trunk Pacific Terminal—Str Ad mlral Rogers Plar 14—Atr J. ts Luckenbach Pler 11—Ste Owego, achr Henry FR. phe er Ache Fenny Dutard, Ate Wallingford, : , ate Alameda, motor- : US ‘ #81) + 2,688,000,00 | wen t October 1, 1927, $ 9,000 10,000 11,000 Carl Smith, a ke Wednesday on “Americaniz Schr John A., str Edgar Luckon- )* tion” before the National Exchange bay li | club, at Meves’ cafeteria, Pier D-—Atr Admiral Rodman, str If, ¥ i Union Pacific Terminal—Str Virginian, or Pacific Coaat Coal Bunkere—Achr W. Bh i Fint Business Changes Pacific Const Engineering Works—ship 8. Shipping Board Moorings—str too. The Anchornge Packing Co. of Allverado, Which W. H. James is munager, in| str Cro fartiand, ate Rnoving to larger quarters at 1725 | atiantic Mtreot ‘Terminal—-Behr Apokane TC. Smith building, Kenneth WB. |#eattle Flour Mills Terminal—Cuttor At fimith, certified public accountant, | konauin : ’ Will have an office in the suite, [Mander Htrest Terminal—Schr Wawona, 4 $4. ete) Apokane Street Terminal—Str Cardigan- The Knappen Finance Co, 19 en-| shire larging their office and have moved Seattle attorney. 19 Tant yonr, 18, Cattle, 10,000, Hoga entimated, 24,000 000; lett Sheep 20,000, Cash Wheat CHICAGO, nh wheat 2 hard, $1.21; 0 No. GRAIN AN City Delivery, Whol Barley—Whole food, 100°" Ttolled and ground, 80'9-100's Clipped, 100'8 . “THAT F of sclentific # proach is poor “Then why do you keep him "For the mere reason that ho gota the business.""—Loutsyitle Jotirnal, AW knows nothing anship, and his ap- . interest, insur- provides that the inventory shall not be reduced without a Wo rogard tho foregoing statements as correct and official, but do not guarantes them.) REAL ESTATE LOAN DEPARTMENT SEATTLE TITLE TRUST COMPANY WORRALL WILSON J, ARTHUR YOUN! W. B, SHORMAKER President Mgr, Mortgage Loan Dept V.-Pros. Trust Officer ol F STAT Capital, $500,000.00 f ; iM WAs' Courler- i All-Geain Chi “TAKE CARE that tho face you | ite ates see in your mirror jn the mor ning is pleasing to look at. You may not neo it again all day, but others will." ¢ Mutual N A, conpucTe UNDER THE WANKING LAWS TH Surplus and Undivided Profits, Over $85,000.00 car Htream 111, Went Hen i Wanle a Bleamahip Moorings—Otr Medon- A. 8. Henttle sining Btation—U, #4. miared of Corner ‘Todd Drydocks—Htr Bagadahoo, atr Com= 10 2114 1. C, Smith building. or'n)—Str President Grant mile, any listed stock 0 + Block Ix. | one Meal Second morcial Traveler, ate Boxer, motorship Co-—Motorahip ‘Lbby It in wed the unit of change, No further tink. Move ot b Sead Challamba, U. ho. G, Malan Billings, ache Ab Movement employed in all relath 4 points from option price giver you Bardwaee Puget Bound Bridge & Dredging Co.—str CAR MILE, ‘ | D | yrtunity to take $500 ‘ofity 8, that deal with cost and service $400, ote, Write. % repdered, Avenue and Columbi Entrance 114 Columbia Street and 805 Second Avenue Stroet an Phone, Main 4 Patter - - wearin 3 Ment : at ship. Ore tons Car mile ty a traneportation term | ee aga da Puts & Calls Altaita Ment, , atc, ine. n Harbor Iniand Dock’ & Warehouse (Fish- Meaning the travel of one one 440. t0°4198 control 100 |Hoye Bean Meal’... N.Y. Write for Free Circular, Winslow Marine Ratlway—-Htr Cuonar, Wark Boltest, Werge Coquitlam fer Now t @ 8 T, PARKER & CO, 60 Broad St, ‘neo taco aka ada ba ae