r 



36 



The Florists^ Review 



January 22, 1920. 



The Wise Owl Says Buy 



Pyf er's Flowers 



Russell, Columbia^ /Premier, Ophelia 



And Other Roses in fair supply 



also Carnations, Stevia, Narcissi, Freesia, Tulips, Jonquils, 

 Violets, Calendulas, Pussy Willow, Greens 



OUR MOTTO: 

 "Nothing is too much trouble to please a customer.' 



164 N. Wabash Ave., L. D. Phone, Central 3373 



CHICAGO 



SERVICE 



ASK THE RETAILER WHO BUYS FROM US 



JOSEPH FOERSTER CO. 



Wholesale Dealers in Cut Flowers 



160 North Wabash Ave. 



CHICAGO 



turps and builds commercial grpenliouses, private 

 I'state greenhouses, conservutorles, solariums, 

 jflass swimming pools, glass roof gardens and 

 liorfioiiltural buildings. A Jobbing business is 

 also carried on in materials for this class of 

 work, such as glass, pipe, hardware, paint, boil- 

 ers, etc. The business is carried on in every 

 state in the I'nioii. 



Plant and offices — Tlio company owns a plant 

 In Pana. 111., consisting of ten acres of ground 

 with private switcli track and modem buildings, 

 completelv equipped for its business. The com- 

 pany maintains offices in Chicago, New York, 

 and Kansas City. Mo. 



Earnings — The net earnings of the company for 

 the eleven months of 1919, ending November 30, 

 -nere $83,002.41. Tliis is at the rate of $90,- 

 548.08 per annum, or over five and one-half times 

 the preferred dividend requirements on this en- 

 tire issue. It is estimated that with the ad- 

 dition of the new capital, provided by this 

 financing, the net earnings of the company will 

 lie in excess of $150,000 per annum. 



Preferred stock safeguards — The company has 

 agreed to maintain net quick assets equal to 

 $100 per share for every share of preferred stock 

 outstanding. The net tangible assets behind this 

 preferred stock Issue will be approximately two 

 for one. The preferred stock is redeemable 

 after 1923 at $110 per share. A sinking fund 

 will b«' created out of earnings, beginning with 

 the year 1923. of $11,000 per anniim. and will be 

 used" to retire an equal amount of stock an- 

 nually. 



In addition to the preferred stock the 

 capitalization consists of 15,000 shares 

 of common stock of no par value, most 

 of which is held by Mr. McKee. 



O &• L 



^Chicago I/L 



\^z'6\^'\% \w bxxppWs 



30 EAST RANDOLPH STREET 



Mantlon Th« B«t1«w wbm jroa wilt*. 



Various Notes. 



Tlie corporation known as the John 

 Kruchten Co., doing a successful whole- 

 sale business in the Atlas block for 

 many years, has been dissolved. The 

 business will be continued under the 

 same name as a copartnership in which 

 all tiie ijrevious stockholders will retain 



their interests. The cliange is merely 

 one of convenience. 



0. A. & L. A. Tonner received word 

 January 20 of the sudden death of Mrs. 

 A. J. Knapp at Evansville, Ind., wife 

 of Dr. Knapp, the well known shipper 

 of peonies to this market. 



That bulb forcing as a specialty has 

 not been without profit is shown by the 



