'EXCHANGE IS
ELUCIDATED
BY BANKER
NEW YORK, Jan. 15 (by Associated
Press).—American importers now pur
chasing goods in England, France and
Italy for shipment to the United
States are waxing fat as a result of
the depreciation of the pound ster
ling, the franc and lira, according to
stories now going the rounds of the
New York wholesale district.
The only “fly in the ointment” for
the American buyers abroad is the fact
that, by a presidential order several
weeks ago, United States consuls are
required to keep tab on big purchases,
ascertain the selling price and cable
these facts to the United States cus
toms authorities. Then, by figuring
^ the rate of exchange on the date of
purchase, the government is enabled
to set a proper value upon the goods
for the collection of import duties. A
court of claims passes upon what are
alleged to be unfair appraisals.
The situation is said to be some
what like this: An American buy
ing pound sterling, say on December
12, needed to pay in American money
only $3.66 for British currency, nor
mally worth about $4.87. Now he
^goes to Nottingham, England, to buy
^laces, and there, although prices, of
course, are higher than before the
war, he pays for them in this depre
ciated British money and> makes a
“handsome” profit. Then he ships the
laces to the United States, where, by
reason of the inflation of the American
dollar, they are retailed for from 100 j
t|i 150 per cent above pre-war prices.
The same importer, on the same
date, we will say, goes to France. In
Paris he has exchanged his American
dollars for francs. Normally there
are 5.18% francs to the dollar, but
now he finds one Yankee “simoleon”
will buy 11.52 francs, about 60 per
cent more than before the war. The
price of silks has gone up, but he goes
to Lyons and there, with his depreci
ated French money, he buys more
than he has ever bought before at
“bargain” prices. The silks reach New
York, where they are sold to the con-:
Burner at double their former retail
price.
Next this importer visits Italy,
A where he finds the lira, 5.18 1-8 of
which like the franc before the war
could be bought for one American
dollar, now at a vast discount. In
fs&t, he receives 13.47 lire for one
American dollar and, well financed, he
goes to Naples, where he negotiates
the purchase of tapestries costing of
course, more than in 1914 but in real
ity cheaper when purchased with the
present Italian currency.
The same financial conditions exist
all over Europe, and in the former
Central Empires, or course, they are
reported much worse. In the allied
countries, however, where there is
(Continued on Page Eight)
LEGAL ADVERTISEMENTS
NOTICE OF SALE OF PERSONAL
PROPERTY
Whereas, on the 11th day of Janu
ary, 1919, R. E. Hegg, of Cordova,
Alaska, made, executed and delivered
ta the First Bank of Cordova, a cer
eai'n chattel mortgage on the herein
after described personal property sit
uate in the Town of Cordova, Alaska,
to secure the payment of the sum of
three thousand dollars ($3,000.00) and
interest thereon, which said principal
and interest now amounts to the sum
of three thousand two hundred thirty
five dollars ($3,235.00). And default
having been made in the payment of
said principal and interest according
to the terms of said mortgage. Said
The First Bank of Cordova on the 14th
day of January, 1920, foreclosed said
mortgage by instructing me to take
possesion of said property according
to the terms and stipulations con
tained in said mortgage; and
Whereas, on the 11th day of Sep
tember, 1919, the said R. E. Hegg,
executed and delivered to said The
First Bank of Cordova another cer-1
tain chattel mortgage on the herein
after described personal property to
secure payment of the sum of seven
teen hundred fifty dollars ($1750.00)
and interest thereon, which said prin
cipal and interest now amounts to the
sum of eighteen hundred twenty dol
lars ($1820.00), and default having
been made in the payment of said
principal and interest according to the
terms of said mortgage, said The
First Bank of Cordova on the 14th
day of January, 1920, foreclosed said
mortgage by instructing me to take
possession of said personal property
according to the terms and stipula
tions contained in said mortgage.
Now, therefore, notice is hereby
given, That on the 14th day of Janu
ary 1920. pursuant to the provisions,
of Chapter 749 of the Compiled Laws j
of the Territory of Alaska, and the j
stipulations and agreements contain
ed in each of said chattel mortgages
and the written instructions given me j
by The Fir st Bank of Cordova, the ;
mortgagee named in each of said mort- j
gages, I seized all the personal pro
nertv described in each of said two!
mortgages and hereinafter set forth.
And on Saturday th 24th day of Jan
uary, 1920, at the hour of 2:00 o’clock
in the afternoon at the store building
now occupied by R. E. Hegg on the
northwest corner of First Street and|
C Avenue, in the Town of Cordova,
Territory of Alaska, I will sell at)
public auction to the highest andji
best bidder for cash all the personal j
property described in said two mort
gages and hereinafter set forth or so '
much thereof as shall be necessary
to pay and discharge the principal
and interest now due on said two
mortgages, to-wit, the sum of five
thousand fifty five dollars ($5055.00),
together with the costs and expenses
of making said sale.
The property to be sold in accord
ance with the above notice and des
cribed in said mortgage dated the
11th day of January, 1919, is as fol
lows :
All the personal property in store
building and premises owned by H.
A. Slater, occupied and rented by R.
E. Hegg, of Cordova, Alaska, situa
ted on the northwest corner of First
Street and C Avenue, in the town of
Cordova, and particularly described
and set forth as follows:
One lot of dance hall fixtures.
One Concord piano, No. 28076.
Nine electric light fixtures.
One electric fan.
Forty-six camp chairs.
One carpet.
Two rugs, two hall trees, one table,
five shades, three sets portieres,
four jardinieres, curtains, dishes, etc.
One lot of store fixtures as follows:
Three six-foot show cases.
Two twelve-foot show cases.
One settee.
One settee book case.
Fifty-two feet back casing and
shelfing.
One set window display units.
One heating stove. J_
LEGAL ADVERTISEMENTS
Three post card racks.
Two large photo display racks.
Two electric light fixtures.
One Burroughs adding machine.
One Smith Premier typewriter.
One National cash register.
One Davis safe.
One office chair and desk.
Two tables, magazine racks, cabi
nets, chairs, art fixtures, etc.
One lot work room equipment, as
follows:
Tanks, trays, presses, heaters, tools,
dryers, enlargement equipment, air
brush equipment, etc.
On Jot studio equipment as follows:
One only difused focal lens.
One only wide angle lens.
One only 10x12 studio portrait lens.
One only 7x11 view lens.
One only 8x10 view lens.
Two lens motion picture camera.
One only Century studio camera,
complete with stand.
One only Eastman studio camera,
complete with stand.
' One only Cooper-Hewitt light with
full equipment.
Baby posing sets, posing chairs, re
plectors, backgrounds, screens, stands,
carrier, lights, etc.
One lot of about one thouand Alas
kan view negatives, sizes 6y2xSy2.
8x10 and 7x11.
Various sizes of panoramas.
Also equity of R. E. Hegg in that
certain lease between H. A. Slater
and R. E. Hegg to the foregoing des
cribed premises, dated June 11, 1917.
The property to be sold in accord
ance with the above notice described
in said mortgage dated the 11th day
of September, 1919, some of which is
the same property described in said
mortgage of the 11th day of January.
1919, and above set out. is as follows:
1. All of the personal property of
the mortgagor located in the store
building and premises occupied by the
mortgagor under lease or agreement'
from H. A. Slater, of said Cordova on
the northwest corner of First street
and C Avenue, more particularly des
cribed as follows
2. One lot of dance hall fixtures
including one Concord piano player,
9 electric light fixtures, 1 electric
fan. 48 camp chairs, 1 carpet, 2 rugs,
2 hall trees, 1 table, 5 shades, 3 sets
:>f portieres, 4 jardinieres, curtains
iishes, and all other utensils, fixtures
aud furniture used in and about, and
in connection with said dance hall.
3. One lot of store fixtures includ
LEGAL ADVERTISEMENTS
ing 3 six-foot show cases, 2 twelve
foot show cases, 1 settee, 1 settee
book case, 52 feet of back casing and
shelving, 1 set of window display
units, 1 heating stove, 3 post card
racks, 2 large photo display rac’-s.
2 electric light fixtures, 1 Burroughs
adding machine, 1 Smith Premier
typewriter, 1 National cash register,
1 Davis safe, 1 office chair and desk,
two tables, magazine racks, cabinets,
chairs, art fixtures, pictures,' etc.
4. One lot of photo work room
equipment, including tanks, trays,
presses, heaters, tools, dryers, enlarge
ment equipment, air brush equip
ment, and all other fixtures, furni
tures and equipment of like kind and
nature, used in and about, or in con
nection with the photography business
carried on by the mortgagor, includ
ing cameras, stands, etc.
5. One lot of photo studio equip
ment. including 1 only diffused lens,
1 only wide angle lens, 1 only 10x12
studio portrait lens, 1 only 7x11 view
lens, 1 only 8x10 view lens, two lens
motion picture camera, one only cen
tury studio camera complete with
stand, 1 only Eastman studio camera
complete with stand, 1 only Cooper
Hewitt studio light with fuul equip
ment, baby posing sets, posing chairs,
backgrounds, stands, carriers, lights,
etc.
6. 1 lot of about 1000 Alaska view'
negatives sizes 6V2x8%, 8x10, and
7x11, various sizes of panoramas.
7. The existing lease between H.
A. Slater and the Mortgaror of the
building and premises wherein said
personal property is situated, dated
June 11th, 1917.
8. The interest of the mortagor in
1 Bishop Babcock soda fountain and
back bar, 1 Sherman Clay piano, 5
wicker tables, 20 wicker chairs, 1
wicker stand lamp, 2 wicker bird
cages, and 100 yards linoleum.
9. Stock of merchandise now in
said store, consisting of photo sup
plies, mounted and unmounted pic
tures, framed and imframed pictures.
LEGAL ADVERTISEMENTS
office supplies, cigars and tobacco,
phonographs, records, etc., and can
lies.
Dated at Cordova, Alaska, this 15th
day of January, 1920.
F. R. BRENNEMAN,
United States Marshal, for
the Third Judicial Division,
Territory of Alaska.
By WM. L. FURSMAN,
Deputy
First publication January 15th, 1820.
1-——
I
»i 81 RD
1
% now under way at
THE
“HORSESHOE”
—
" TONIGHT
I
| Brock vs. Foster at
9:30 p. m.
Tomorrow Night:
Rawson vs. Kelly at
7 p. m.
*
Gaffney vs. Murphy
a t 9:30 p. m.
FIRST PRIZE—$25
8ECOND PRIZE—$15
THIRD PRIZE—$10
THE HORSESHOE
BILLIARD HALL !
E. L. HARWOOD, Prop.
I
I
I
I
I
The pungent
richness of pure
Havana tobacco,
tempered by time
I t o a rare mildness 6
—that’s the
1 m
dear Hai ana Ciqar | |
10c, 2 for 25c end 15c sizes ^OSE LOVER A COMPANY
Queen .'ize, :i far 25c ta \»n A
Lari size . 2 .cr 25c 1AMFA
{ 4
Schwabaclin- 3rcs. D Cc., I ;c., 3settle, Washington, Distributors
ROSSWOG
CAN )Y
THE FINEST AS
SORTMENT
OF
ON
SALE
AT
C. M. ROSSWOG
STATIONER, NEWSDEALER,
NOTIONS,
TOBACCOS, CONFECTIONERY.
CORDOVA MACHINE 1
WORKS
E. R. GARNES, Prop.
Residence Phone 101-3
Shop Phone 182
*
Machine Work of all Kinds,
Blacksmithing, General Repair
ing, Horse Shoeing, Oxy-Acety
lene Welding and Cutting.
AUTOMOBILES
REPAIRED
Office and Shop: City Dock
CORDOVA, Alaska.
Out of Town Jobs Given Strict
Attention.
|gjg 1 ,; •_ -
/ SHAMPOOING
FACIAL AND
For. MANICURING
CALL
\ 101 -3 RINGS
MRS. SWANBERG
FOR SALE
A BARGAIN
Chance to make some
easy money this summer.
Three lots on corner,
value with grading
$1,300; building cost
$2,700. All for $1,500
cash, or will offer as se
curity this property for a
loan of $1,000 for nine
months at 12 per cent.
See F. A. JONES
PHONE 66
TRAPPERS TRADERS
SHIP TO
I ORGE R. GOSHAW k
DEALER IN
RAW FURS
SEATTLE NEW YORK
Alaska Building 127 w. 27th St
Ship direct to New York for highest prices paid for Raw
Furs. Your shipments are handled by expert graders and New York
market prices are paid on correct grading the day received. If de
sired, your shipments will be kept separate, in order that our prices
may be approved by you. Providing that our valuation does not prove
satisfactory, the Furs will be returned to you, transportation charges
prepaid. Ship by Insured Parcel Post or Express. Ship in a dry
condition. Always inclose an Itemized list of contents with name and
address. All payments are made by check on the Seattle National
Bank, or in any other manner desired. Special instructions, if any, to
accompany shipment.
SHIP NOW
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