The Seattle Star Newspaper, July 28, 1920, Page 15

low Tide Leet pom, Oo et } . - Business Too Profitable De- Spite Jones Act, Is San Francisco View BY PAUL N. WILSON _ _ SAN FRANCISCO, July 2 — Snese, British and other Jap- to quit the Pacific coast ports of the United States and transfer opera- Mons to Canadian ports. In spite of to withdraw their ships im- ly if the new Jones act, of-| 2 ly known as the merchant ma- Fine act of 1920, is enforced, no such Betion will be taken. Convinced of this, after careful Was of the situation, shippers and Owners of the West are rapidly Escaped their viewpoint from one Hostility toward the law to one of approval. PROTESTS IMMEDIATELY “Immediately following the passage the act, designed to foster and pro- the American merchant marine, Protest arose from many per- and organizations Interested In Commerce on the Pacific tee ‘They feared foreign owned) the} Would be removed, that States shipping board would unable to fulfill its promised allo~ to take their place, and that act would invite foreign re- ‘Chief objections were based upon fear that if foreign owned bot- Aggregating 52 per cent of the coast tonnage, were removed, shipping board would be in no immediately to make good Joss, thus resulting tn a com- demoralization of Western and export trade. _At present the shipping board con- only slightly over 500,000 of the to 16,006,000 tong on the) coast, This would have to be by approximately 6,000,000 should foreign ships be re- BELIEVE AMOUNT | SUPPLIED But, upon closer investigation, officials here, at first du- now express confidence that amount could easily be supplied meeded. - | Foreign competitors will continue, under the Jones act. to find operations on the Pacific coast profitable to remove their ships. the Pacific - American ip association, representing every steamship company _@m the Pacific coast under American ‘registry. While they stil! contend that rate will be inevitable and that ‘build up a world commerce, are en- to whatever protection they be given without working a det- FS to the country. Before much consideration had given the bill, practically every coast port made official pro- to Washington against its en it. Now the Los Angeles of Commerce has indorsed act by official action, and the Francisco chamber has indorsed | S<*# suspension, since decided upon, | 50; January 1, 1921, that its prob- working out may be considered | Bection 28, against which active hag been made, provides low fallroad charges for freight ship- on American vessels than in for “| Pier A~Mtr City Of Seattle. , who made a technical on behalf of the commission the effects of the Jones bill, ex that shipping conditions in Francisco are radically different those in Seattle. Prestige as a port has ‘built up since the war,” said Christensen, “while San Fran for many years tas been the of extablished trate routes leaving Seattle originate, for most part, east of the Rockies, goods arriving in this port and to the East. Seattle ix a r port between rail and sea applies to all cargoes, practical- save lumber, which is not affect the preferential rail rate, since is produced in this region. “San Francisco is a great trading center and has always been, for that feason, a headquarters for American ‘and foreign lines. i -five per cent of Seattle's shipping is carried in foreign ‘The Jones bill would com- cut us off from this shipping, cargoes purchased in the are consigned directly from point to destination and are gent in vessels of the try to which they are shipped. “Atlantic ports, with the much rail haul, will receive such ts if the Jones bill be- operative. New Orleans is al 4 crowded with foreign bottoms Ba Calumbia undoubtedly would greatly helped.~ Seattle, with a wr second to none, with the best al routes across the Pacific, would be killed as a seaport.” to Discuss New Freight Rates For the purpose of discussing « le suspension of the new See tariff rates which become ef- fective west of the Cascades on Aug: @ special meeting of the ex committee of the transporta- tion bureau of the Chamber of Com- merce and Commercial Club will be a. Friday evening at the Arctic ee Flotk to Annual Picnic One of the largest crowds in the ory of the event attended the an- grocers’ picnic and outing held People’s park, Renton Junction, lednesday. Thirty-two cars were ed on the interurban to carry grocers and their friends, while made the trip by automobile was scheduled to be held in @fternoon and evening foretan | @wned ship companies do not intend) | Ship News Tides in Seattle | | 10:36 p.m, . RESCUE SHIP, BRINGS CARGO Salmon Schooner Stranded on Point |. Capt. W. J. Stone, of the Canadian fishing schooner Roche Point, ar) rived in Seattle Tuesday after mak- | ine what ts said to be the first reseue of a craft stranded on Carmanah point, one of the most dangerous beaches on the coast The schooner Presho was success) fully hauled off the sands by the| Roche Point a few days ago by Cap tain Stone, and he brought into Se jattle 9,000 pounds of her cargo of halibut, as well as 45,000 pounds of his own cates 2 FINE VESSELS FOR PACIFIC, |Will Make Coast Run in 36 Hours SAN FRANCISCO, July 28.—-Plans jand specifications for two of the | finest passenger vessels in the world have been drawn up by the Pacific Steamship Co. according to an nouncement today y'A. F. Hines, general manager With a speed of 23 knots an hour, the proposed vessels will make the run from here to Seattle in less than 36 hours, When completed, ‘the ships will have cost in the neighborhood of | $4,000,000 each. eee Civil War Veteran of East Dies Here war yeteran, died Tuesday morning at the home of his daughter, Mr. Frank M Read, 1126 N. 83rd st. He came here) from Wisconsin six months ago to regain his strength in a mild climate. Funeral services will be held Thursday afternoon at 5 o'clock at the Butterworth & Son establish- ment. Rev. H. H. Hicks will offict ate. The body will be accompanied | by Edwin Tebo to Augusta, Wiscon- sin, for burtal. eee Seattle Arrivals and Departures Arrtvale July 2—#tr Queen from Tacoma at 4:20 a m.; motor sehr Teto from Britis Columbia ports at T & m. July 37—#tr Bkagwey from Southwest- erp Alaskan ports via Point Wells at 2.10 > mm: otr Wakene from Ban Francisco at 1:20 pm Balled Juty 18—Mr City of Seattle for South- eastern Alaskan porte at 19 & m.: British Cotumbte & Idaho for Puget Seattle Today Smith Cove anchorage—Tige Henry Vib Str Pushin! Maru. #tr Ramore. a & Culgoa, str Weat Seattle elevator—Str Otho. Pier B—Bte Queen. ? D—Motor echr Tete. . Skjrner & Eddy y Mr Robin Good- fellow, str Rosalie Mahoney Stacy at termimal—U. BA. T. Burnaiae, LWT, Retier. Dethie es ftr Westboro, str Kastern Expo: Fisher mitt Hite Crown of Toledo. Union Pacific dock—@tr Helmei Maru. East Waterway terminal—@tr Went Jena Todd drydocks—Str astern Importer, str | Eastern Soldier, str Bpokane, str leo am. Union—Hulle Broxton, Leota, Enay- Jackson, Addison, Row Rournevitle, All rison, Kiton, Loot!, Dione, ¢ Cineyras, Cardi Wilson, Salvator, Oregon. t Sound Bridge & Dredging works— | enacan, Corian, | Kilisea, schrs Henry Alice, motor schr Singapore Consul Discusses Trade George Logan, Amerjean consul general in Singapore, spoke to the Chamber of Commerce foreign trade | |bureau of the Commercial Club on the trade opportunities and condi tions in the Malay peninsula, in the} lassembly hall of the chantber Wed nesday morning. |Taxpayers’ League | Qutlines Program Taxpayers’ league of Seattle held |the first meeting of a series of gatherings at the Frye hotel Tues day nigit. Tax reduction is the first subject to which the league will give its consideration, which will be fol- lowed by the topic of tax revision The most powerful radio station in the world, built at Bordeaux by the United States, has been sold to | France. EXCURSIONS TO SAN JUAN oe ISLANDS ve acai vex Colman dock + inte m. Calla at Richardson, Friday Anacortes each day. Tuesday, Thursday, ‘Olga, Wed: Orcas, nesday, Friday, Sui UGET SOUND NAVIGA |Thornton Davidson & Co THE SEATTLE STAR IN. Y. Trading Shows |MALAGAGRAPES| Irregular Trend as | REACH MARKET Steels Go Downward NEW YORK, July 24.—Prices were generally trreqular at the stock market opening today, Most of the steel insues showed further declines, but industrials and some of the oils remintered small advance: Crucible opened at 146, off 2, Central Leather, 68, off 1; ding, 87%, off 4: Texas Company, 44%, up Mi Baldwin, 110%, off 4%; Pan-American, unchanged; yaton Ol, 106, up TM: Be rn Railway, 27, off M4: General Motor up %; Bethichem Steel “M," 84%, unchanged; Royal Duteh, 74%, off 4; Vanadium, 78 up 1; Mexican Petroleum, 178, off %) morican Woolen, 84, up 4 , : Unton ific, 113%, up \); United States Rubber ff Hr Sty . 64%, off Le Traders met with littlé success In efforts to force lower prices during early trading, Central Leather, an exception, was driven down to 564 After the unsuccessful early drive nearly all issues rebounced, Mexican Petroleum touched 181, Pan-American picked up 2 points, Stromberg over points and United States Steel after an early low at 87% recovered a full point The market suffered a further slump in the early afternoon, which car- ried Steel common back to $7%. Btudebaker, after an early rally to 66, lost 2 points Most of the decline tn the early afternoon was due to the foreign situ- ation, Russian military reported pushing ahead, caused doubts as to the status of the armintice between the Bolsheviks and Replogie Steel broke sharply in midafternoon, but recovered within @ few minutes, At 70, Replogle wae off nearly 9 points, but It soon got back to 75. Call money got down to 7 per cent tn the last hour the low figure for the current week. ‘This had little effect on stock prices, however, altho the genetal tone of the market was decidedly firm, United States Steel, after an early slump to §T%. recovered % point, Mexican Petroleum got above 140; Crucible wan the real leader, with as high aw 148 United Staten Stee! closed at 87%, off 1%; Crucible, 147%, off 1h; Rep- jogs, TAM, off 4%) Vanadium, 14%, off 2%; Baldwin, 109%, off IM: Mexican Petroleum, 178%, off 4; Pan-American, 94%, off %; Studebaker, 64%, off 1; General Motors, 2 up 1; United Sta Rubber, 89%, off 1; Central Leather, 56%, off 2%; American Hide & Leather pref. 19%, off 1% American Woolen, §1, off 2%; Reading, 87%, off %; Rock Island, 33%. off % The market closed firm. eee NEW YORK, July 28.-‘The Evening Sun-financial review makes thir declaration today “Following yesterday's comparatively active session, the stock market settled back om its oars today and permitted values to seek the line of © In adjusting themselves to the technical p n brought about by the broad decti d subsequent partial rally. ‘T' wult wan @ decidedly mixed movement from the beginning. Buying a alike slow. “The sugar issues were strong with one or two exceptions, and ofls Tesisted pressure rather better than m: do much either way, altho General Motors continued its recovery from the Tuesday drive against it! and Pieree-Arrow was in good form likewise The industrial let was unsettled in in midafternoon, but soon steadied and proceeded forward after a fashion following the call money rate to per cent.” WHEAT FUTURES GO UP SLIGHTLY Corn and Oats Futures Also| Rally at Chicago CHICAGO, July 4. —Wheat foture BANK CLEARINGS - $5,972,239.36 | cece eeeee 1,249,763.93 | Spokane | Clearings .... Ralafore ....+ { 1,692,145.00 | 697,495.00 PIKE PLACE ie A ing} ther reports ‘ ta futures rallied to- | day, all months advancing Better cash buying Was one of the main rd, Jar, ise; bei reasons tee; Map of Provisions firmed with the grains 0c. eweet corm, can, new potatoes, 3 Ibe, ike Joupes, each, 1tc; watermelons, Stall 111, Lh Jere strawberry pe Statie orm opened fate at $1.42%. ° ate ined So additional September corn was 1c ate up on ores, at $1.41 and later 3 ite vanced | ember corn, up 14e ‘ tne Seine 25%, went to up fe at Te 1 Juiy oats opened and later r le Camp's pork zm) Te bulk coffer, $1.00. Stall 189, fresh The $1.26) assorted be: opened at €9%c. up gs rey elo No. 1 red. 6602.68; No. 3 262 5 ut butter, 1% Chicago Live Stock pee pane en 290, Finke White, cans Co-operative milk. —Hoge- Receipts, unevenly . Me; 2 ihe. Heals 18-26. Bulk three packages corn flakes, Ihe, assorted s1a8 soups, 2 cans, the; hard shell walnuts Mart Dd, The 96 Pike et, suear-cured bacon, roughs, $1 b, Be; bacon backs, Ib, 28%e: Cattle Receipts ECONOMY sow 206 ¢ buteber| stall 26, sugar, 2 Ibe, Te. seers, $6014 cutters. | 4 ine, $1.88, 16 Ibe, $2.76 freah creamery butter, th, She | ative milk, ean, 12¢; full cream cheene, 260, 2 iby, $1. Bealls 87-98 The cane soups, 0c: three packages Jes, Reet, Ho@is canners and 4 The. 940, Sta 64 Co-oper New York Coffee and Sugar Quotations NEW YORK, July Cotter—Mo. 7 | Rio, 11% @ike per ibi'No. 4 Santos, 16¢ | i8e per tb | raw, 16.200 per Ib; granulated, | 6 >. Fer Potatoes Make NegroesRich on Virginia Coast ONANCOCK, Va., July 28,—On the banner day of the Eastern Shore of Virginia Produce exchange the sales were $600,000. The $1,000,000 mark | would have been reached but for the shortage of cars It tm estimated that only 40 per cent of the potatoes on the Eastern 3240 | Shore has been marketed. The price | this week has been from $10 to $11.50 ja barrel. Money on Call |. In Accomack many of tho large NEW YORK, Joly 28.—Money on call, #| land owners live in towns and the | aol peer id aaa ta Pie og cent; | farma are run on shares, the tenant Bar silver—London, b6iec, New York, | often being a negro, 99%. ‘To own an automobile is the height of the average negro's ambition. This season the receipts from strawber- ries and potatoes have been unusual and many negroes are putting thetr share of the farms’ income into au brokers, | tomobiles. Often nothing but an au nections in| tomobile to the full amount of their American cities, suapended payment | bank accounts will satixty here today. It is said that, accord. Eriday a demonstrator was turned ing to arrangements made by bank-| back at the gate with an $800 car, ers, shareholders will not suffer to| $3,000 being the negro’s price. The any considerable extent. The found-| negroes are not the only ones buying er of the firm, Thornton Davidaon, | cars. It is impossible for the dealers whoxe name the Institution bears, | to fill orders. A large business is also was drowned in the Titanic disaster, | being done in motor trucks and trac- in April, 1912 tors. Going East? Travel through the wonderful CANADIAN PACIFIC ROCKIES To All Middle West and Hastern Destinations in CANADA AND THE UNITED STATES TRANS-CONTINENTAL TRAINS DAILY Canadian Pacific Ry. SCENERY! SPEED! SERVICE! BE. ¥. L. 8TURDER, Agent, Passenger Dept. 608 Becond Avenue, Seattie Phone Main 5588 She; the jar Mip-O- baking powder, 19 Mall 33, corned beef, Ib inwe Foreign Exchange July 1.—Poreign ex- 2 open ope od at $3.7) H times; tires, de: Umer; marks, 2 france ehweke. Thc, off 9 contimes; lire checks, §.41¢ centimes, marke, demand 2 9€¢ off 7 centimes; Canadian | dollars, #4. 166 Status of Frisco Market SAN FRANCISCO, July 28.—Butter faney, per Ib Canadian Brokerage Firm in Difficulties MONTREAL, Quebec, July 28.— with offices here and ¢ General Blackberries, ‘Too, Arrive in Seattle ‘The grape season was opened on Western ave. Wednesday morning with the arrival of a shipment of Malaga grapes, They were grown in the Coachella valley, California, and were quoted at $4.75 for a 4-basket erate, The initial blackberries of the season made theif appearance, also, from the White River valley. They are quoted at a stiff price, $5, as an opener, Black currants, which have been very searce all season, are a little more plentiful Wednesday at $3 @ orate. Green beans are down a little, sel) ing at 10 and 11 cents a pound Potatoes are reported unchanged in price, Butter and eae quotations remain the same, with both markets some- what firmer. Local Markets Peid Wholesale for Vegetabice and Fruit Imperial Valley, oes focal hothouse o—— ital ee | Public Markets | im Tarkish metons—Per ib Watermetons [er ih Wash. tripiete POULTRY Hens—Under 4 Toe 4 Te end up. tere Quotations Pr Stockyards 1.50@ 182 16. 60@17 bo 14 00@15.50 13,509 16.00 Primes ‘ Medium to chotce 11.008 1 808 + 7.008 ssoe 6.80 700 me spring lambs Yeartines + £008 9.00 Wethers pias 650m 150 Bw + $.00@ 6.50 HAY, GRAIN AND FEED Wholesale Price Fer Ten, Clty Fries Bariey— Whole cere TROD 12.00@12.50 OUT! Jhe YELLOW TYPHOON GET UNDER COVER at the COLISEUM TAKE THE BOAT TO TACOMA BOATS LEAVE COLMAN DOCK 9. Jt A M~ 1. 3.6 7.9 FM iivichy “pay.” Tae aneaoon Rg Sry Oa) WE OFFER FOR SUBSCRIPTION 350 SHARES COMMON STOCK Halvorsen Stuffing Machine Co. OF SEATTLE, WASHINGTON At Par $100 Per Share : Fully Paid and Non-Assessable f the State of Washing- THE COMPANY (rrvivtnoriaed capital or 4250000. DIRECTORS 2 an ae State Rank of Stattle. EB. A. BRIDGEMAN, superintendent Post Intelligencer SAM HALVORSEN, president Diamond Machine Works. ANDREW SIMPSON, secretary and treasurer Diamond Machine Works. R. BE. BORGEN, formerly auditor Milwaukee Raliroad. The Halvorsen Newspaper Stuffing Machine is a new THE MACHIN invention, perfected in Seattle by Mr. Halvorsen, for assembling newspapers, magazines and other periodicals, at an immense raving in labor, Leading local papers have installed the stuffing machine and it Bas been working to perfection. THE BUSINESS This company has been in operation for some time, all experimental work having been done and paid for, and is now ready to start operation on manufacturing basis. Five newspaper stuffing machines have been installed at the Seattle Times, one at the Phila- delphia Inquirer and one at the Los Angeles Times. Orders have been tendered for five machines for the Denver Post, five additional machines for the Los Angeles Times, two for the Oakiand Tribune and eighteen for the Philadelphia Inquirer. THE PROFI ‘The manufacture of machinery ranks among the most profitable industries in the world today. Newspaper machinery, particularly, have given immense returns on the capital invested. ‘The books of the company show a handsome profit on each machine, and are open to prospective investors. In canvassing the situation it 1s found that there are 750 newrpapers in the United States who would be in the market for an average of four machines, This means proepects of circulation of $18,000,000 through the manufacturing of these machines, ‘The Halvorsen Newspaper Stuffing Machine is THE INVESTMENT representative of a great industry. It has a demand and it has been recognized and purchased by prominent interests. Its laborsaving has been proven. A careful analysis of every possible condition will show an exceptional opportunity for investment in this offering. ° The 350 shares of common stock are offered from the treasury for the purpose of raising additional working capital. It is to provide funds for the manu facture of these machines on a larger scale—that is, to take care of the present demand. The machine may be inspected at the Seattle Times or at the factory, the Diamond Machine Works. Financial Statement at Request Address all inquiries to: Scandinavian American Securities Corporation 702 Third Ave. Main 3337. EXCURSION Sunday, August 1 To HOOD CANAL STEAMER WHATCOM leaves Colman Dock at 9 A. M. Arrives back 10:30 P. M. pewnd Te $200) Masa, i rae Jazz music will be furnished all the way by Brookes’ Whangdoodle Entertainers. DANCING Entire trip through the Canal in daylight. Get your tickets early. (STATEROOMS ON S. S. WHATCOM ONLY.) Picnic at Kingston Beach Sunday S. Puget for Kingston and Port Ludlow Grounds and good picnic beach; fine for private and club picnics. Dancing pavilion for use of parties. Round trip Kingston and return, 80¢ Leaves Colman Dock. 9:00 a.m. Arrive Kingston ....10:30 a.m. 00 p.m. Arrive Ludlow .....11:40 a.m. Arrive Seattle ...... Te: 30 p.m. S. S. SIOUX leaves Colman Dock 8 A. M. Arrives back 10:00 P. M. juding War Tax Puget Sound Navigation Co. Round Trip Fare, In (Get Your Tickets