The Seattle Star Newspaper, September 14, 1920, Page 12

" England, France and Neth- erlands Control Outside Reserves BY HARRY B. HUNT WASHINGTON, Sept. 14.—With the peak of prodable petroleum pro duction reached in the United States, and with consumption not only al Teady well exceeding this maximum fon but increasing by leaps “and bounds, Uncle Sam is face to face With the necessity of quickly arranging reasonably secure suppli from outside sources if his future Prosperity and ability to compete equally with the rest of the world fe to escape serious menace _ In spite of the fact that the rest of World contains seven or eight As much oil as remains in the States, but only uses about this country, we find the doors the big outside felds practically against us. Mexico holds perhaps the richest of off in the western hemi Re outside the United States, Somewhat more than half of this oil is now coming to the States. Dutch and British " capital, however, under the Royal) Shell interests, is rapidly in- its control of Mexican oil least the Mexican supply can be regarded by America as a ly dependable source. of Mexico, we find the 's olf fields of the first magni Me in Upper Persia, Mesopo TransCaspian Siberia and dower Ural region. Fields of sec magnitude, largely undedevel- Ne in Galicia, Rumania, India, the Dutch East Indies, Tides in Seattle TURSDAY WEDNEADAY = pap tal First Law Tide far aba 10.9 First Low Tide, Mt am, 2 Second High ne ee sap e180 (OH pm. EDMORE IS IN FROM ORIENT Edmore, Pacific Steamship com pany wv el in Ortental service, ar rived in Seattle at 2 o'clock this afternoon, making the third steam ship of the Admiral line in port here The steamship Eldridge ts finish ing cargo and the Wheatland, Montana, is discharging, The Bb |dridge is expected to finish here |Thursday and will sail for the Orient that right, with Capt. F. W Brooks in command ee Victoria Sails on Last Trip North, 23d Victoria, liner of the Alaska Steam: ship Company, will sail from Seattle jSeptember 23 for the Bering sa. Already an entire voyage to Nome and Alaska behind her schedule, she will be held in Nome for two weeks on her arrival there, to accommodate & number of Alaskan miners. The Victoria is due here Saturday from the North, and will be the last ship for Bering sea this year eee |Marine Engineers Local No, 138, of the National Ma rine Engineers’ Beneficial associa tion, which purchased recently the three-story brick building at 1923 First ave. of George A. Smith, for (360,000, will officially take over the property when they move to thelr new quarters on the second floor. Jother parts tf the building will be rented, Formosa and Japan, and, in| Al ‘western hemisphere, in Venezu- Colombia, Ecuador, Argentine 0 initiative and ought to be able to control oil from these sources to Uncle ‘Sam well supplied. An fation by government author. | however, discloses the follow- in Canada, nationals of the Btates are practically exclud- from acquiring oi! concessions in territory, colonies and depend or in lands within the spheres Influence of Great Britain, Japan, and the Netherlands. ‘No alien may even prospect for Burmah, _ preserves, holdings in our California and itinent fields, including much richest. oil lands. . facing an imperative need tequasting future supplies, we that we are distinctly or in ef-| w shut out of the regions contain: | 4. geome Take Over Building}: New High Made for Lackawanna During New York Trading NEW YORK, Sept Ing here today United States Steel opened at 88% can 91%, up % United States Rubber 85%, clair 31%, up % Republic Steel 79%, Studebaker 62, up % Dela kawanna & Wes shortly after the opening at 25 __The market closed firm WHEAT PRICES TAKE BIG DROP : CHICAGO, 14—Pricea we up Ms Genera Motors 21 up %: Reading cago Hoard of trade tc ped from corn from Se to be. visions were aeady: opened unchanged va TM lower: Mareh ged at the open dropping Te in later Wheat Se and « September ec opening of $1 The at the clome i off We at $1.19, at th dropped 4%o additional at t September oata at 6240 changed at the « an additional 24 ft Ke at opening « more at the clo . December onts, 65%o, lowt Chicago Live Stock Receipts, of Calle—Receipts, steady. Reef, $1018; butcher steer Receipta, 1.700 hea: Lambe, § Be Me Skinner & Eddy yards for two ‘w masta, which he purchased re- contiy from Joseph Oliver, of San Francisco. iain From Weather Bureau TATOOSH ISLAND, Sept. 14.—8 —Rapidiy rist barom | Seat, 38) talles an hows steamer at 9 last night, hay September 12—-11:36 A. M—Ratning: ‘wind east, 18 miles am hour, Passed io. A steamer lle m+ Pe Me Raining; wind eset, miles an hour, in: A email two-masted schooner ata p.m; str J. A. Moffett at 6:20 pm A soul in A © steamer at 2 Big terey September 13—Str Admiral Schley from Tacoma at 11 a mj str Griffeo from trial trip at 6 pm. Salled ptember 1¢—Htr Princess Rna for British Columbian porte st 1 a m. September 13—Str Griffco on trial trip een m . Vessels in Other Ports Fialboa—-Arrived September 12: Str jaymon fem Seattle and Tacoma. ‘eat Togus from Seattle via ports; str| . 4.00 288 19.60 1992 Se i Chicago Car Lots Furnished by 1. B. Manning & Co, 619 Kecond Avenee m0 ent * Public N Markets | PIKE FLACK AtaN 17, pure cane sugar, 2 Ta 4 Matte Brall €4 tall ean Carnation | milk, 120 Mall 79. pure fresh milk. ite Qt. Stall 65 beet fresh peanut butter, 2 Ta Be; home made mayonnaise, §0¢ | TD; potato salad, Ihe M. Stall 27, 2 Me. . ssc; hamburger and sausage, found steak, 28¢ M™. tall 46, of sola, 260 T.; fresh amelia, 7ouns salmon, 180 >; extra 230 ate, tenderio! Central Leather 514, Mexican Petroleum 174%, Ol shares acted well in early trading ahelf 12.000 head; market | THE SEATTLE STAR. PUMPKINS N ON THE MARKET As proof that fan tm Weatern ave. etually upon u commission men point to the piles of big golden pump: kina that are beginning to make their appearance the They me from local Melds and sell at 3 re higher at the stock market open- along ourb. up Mt Marine up M4; Battin up %) Pan-Amerl- re & Ohio 41%, up ME up 1% “. up Si Hethichem “" 76%, o1%,. Up %; Baldwin 108% nts a pound Sweet corn advanced to $3 a sack Tuesday, Local Bartlett pears, on the other band, dropped to $1.26 and) even $1 a box, Elberta peaches, com n made a new high for the year box No change in butter or eggs was reported .Local Markets Prices Paid Wholeente Dealers fer Vegrtabice and Fruit Beane—Lacel, green, por @... O4@ .0¢ War... bd Rees Por week Hell Peppers—Per tue ‘ab bae N. Y. Stock Exchange Furnished by L. I. Manning & Co, G19 Second Avenue 1 Low rrr 0 Bock— nine oot Huwar & Fary. 10% Aw | Amer Yakima, per bow % Wash. per cane. Cherricg—Tingtish, erate Tooal, per erate... 01 | Gene r o1 16-™. ert Local, per tb Per ® ... Per sack «4. Hubbard 44 | Pampkine Penn, KK ooal, per each + per Washington | Cantaloapes— Wash, Casabas— Mer 1b. rabapples rapes Concords, per basket .. Diack Prince, per erate Local, per box; Vanadium Mteet Wabash Westinghouse and Thompeon Reediems” Tokay pe Frait-Cai Green Vigo Per box Rertes iret 34" Piret «se Becond as | Firet ay |Recand 4 na Fitch 44" Foreign | Exchange NEW YORK, Sept 14—Foreien ox 32 e opening today Demand sterling opened at $2.47% Me: francs, » 4106, Off 2 centimes; marks, 1.600, off 13 centimes, © Neer Plame Braden. All Goid Grom ° wd | Prunee-—tisiian, per box . wi | Hungarian > off 2) Mrawberriee— rerbearing Turkish Melons — Taki crate Watermelons— ier th otf T centimes contiones at 59.406. N. Y. ‘Coffee and | Sugar NEW YORK, Mept. 14.—Coffer—o. 7 Kio, 1O4%e per ib; No. 4 Bantos, 194 @ 14Me per ip r—Hhaw, 10.16 per Ibi granulated, ise per Ib, | Benson Will Manage New Bureau of N. P. Edwin F. Benson, who returned | with Mra. Benson from the Orient last night, announced he had been appointed manager of the newly or- | Rege—rresh ranch Per owt Lan PRODUCTS Prices Whelscaies Dentere ing in carlots, are quoted at $2.25 0| Geese % | Onte TURSDAY, SEPTEMBER 14, 1920. “| Portland , Market Report PORTLAND, Sept, 14.—Butter—#6e per Seattle Underwriter Status of Frisco Market Is Given High Hoseor HAN FRANCIBCO, Kept. 14.—Butter— Hextras, 690 per tb; prime firsia, 640 per The firnt Western man to speak | tb | before the National Association of dirties Wo. Life Underwriters, W. Dwight Mead oe | — of Beattie, anwintant to the president 7 of the ‘association, with Chaves C. TRY STAR WANT ADS Norton, president of Seattle life un ~ — — derwriters, left for Boston ay for the J1#t annual convention, Septe: ber 21, 22 and 23, before whic! Milt speak 4 @ Oke per ae 24@ 300 per ie brotlers, 28@83e , Cheese—Tripleta, he per th. tirkts, 360 per Ih GUARANTY BANK AND TRUST CO. STATEMENT OF CONDITION September 8, 1920 . RESOURCES Loans and Discounts Overdrafts Real Estate U. S. Bonds .... Municipal and Other Bonds . Warrants and Other Securities. ..-. Furniture and Fixtures.........<0 Safe Dep. Equipment... . Customers’ Liability under Letters of Credit Guaranty Fund Cash and Exchange a Live Mareo—Live, per th. PA ee a Price Paid Whotesatere Ducke— Dressed $e0 Noge— Fancy Veab—ancy Medium ome Primes Medium ta saboien iaseeie is oo 14.60 139/501.02 5,340.02 6,068.76 5,372.72 20,000.00 3,408.90 141,891.88 HAY, GRAIN AND Wholesale Price Per Ton. City Price Marley Whole Rolled Ned . $1,215,342.24 Rolled , LIABILITIES Whote Corn Whole Cracked eeeee + $250,000.00 49,500.00 > € 2771.64 33.00 893,037.60 $1,215,342.24 Elliott 2499 Capital Stock . Surplus .... Undivided Profits Dividends Unpaid .. é Letters of Credit executed for cus- tomers DOONEE iccanc ced oncge ce meadcecs First and Columbia WE WANT YOU | FOR PARTNERS Puget Sound Power & Light Company’s Five-Year Gold Coupon 8% Notes Dated September 1, 1920; Due September 1, 1925 Sizes, $100, $500 and $1,000 Dexter Horton Trust & Savings Bank, Trustee Price $100 and Interest—Yield 8 Per Cent s33sss3s= | eantzed department of immigration | 4 industry of the Northern Pacific Batter Pinte creamery, Bricks oan ranch |. mr stem. Benson resigned as state) Shien one-half of the ail in sight and nulke Pedro—Sailed September 13 rest of the world, and unless Opendioor policy is maintained in ‘the mandatory countries under the of Nations the total ofl con held by Great Britain, ‘France and the Netherlands wil! ex- | eed three-fourths of the world's oil ‘Feserven outside the United States GE LICENSES and Residence. ne 5 F.. Seattle rds, Corinne B.. Sea Russell C., Sottte jenderson, May. . Ral sree Adrianus P. Tho: Grietse, ss a rup, Bernard T.. Elia, Seaton yell, gg eee puate » Vera, Se Bi amarows, Seat: Myrtle A, Seattle ... Elmer J., Seattl Annie G., Tacoma Pes oa ie Robert W., Tacoma teres Rhoda W., Thomas . - Lege. Bergeron. ; Seattie *: Loral - Wiliam A. S. Tichester, . Edward, Seattle yw, Anita G., Seatt _ BIRTHS 13th il irl. dat Yer - ’ ¥. H., 3 roy. ei Patrick, Swedish hos- rl. Afthur, 6237 Seventh N. W., William, tal, girl Howard W., Minor Private ot. boy. Cron! i 425 12th 8. boy. 26 A2th ri. th W 2, 701 we. Y., isd M anenar Minor Private Washington, girl. lain, bo; attle General uilier od "columbus sanitarium, ay Basil, fizron, Seattle General hos- ease” S aries Seattle Thospital, git DEATHS eld, Jonathan, 82, 5042 Seventh it, ee 57, Mest? 4 Apts. Eift usta, 1 23rd. m, Mary, 68, 24 63, nazt Day's at Expect ect Big Turnout at Trade Banquet Indications are that a large, repre sentative group of jobbers, whole galers and manufacturers will attend the dinner Wednesday evening at 620 at the Butler hotel, according to the Chamber of Commerce, which has arranged the dinner to bring into‘ closer touch the city’s commer- interests. A free discussion of best methods to meet the city’s trade problems will be held. Columbus sanitar- General ‘team netertne {| Atandard O11 dock— ond for Beattie; str Hee for Seat- tle. San Francisco—-Arrived September 13 ‘Str President erg — ainm Reported by Wireless from San Francisco. U.S i, Naval Communications J. A. Moffett, Ban miles from Seattle at § p.m; atr Admiral Dewey, fan Fran cinco for Seattle, 146 miles from Seattle jat Sp. m.: str Edmore, Kobe for Beat- 229 miles from Seattle at noon; str fcott, Seattle for Yokohama, Ip m from Seattle at & p.m Seattle for Yokohama, 3.216 miles from Beattie at § p. m. . Vessels in ‘Port at Seattle Smith Cove terminal—str Rastern sol dier, str Fulton, str Mandasan Maru. Great Northern dock—Mtr Toyama Maru. Pier 6—8tr West Ivan. Bell st. terminal-—-Motor sehr Cethana, atr Cooicha, U. #. &. Talbot. wood, Skinner & Eddy yards Behr A. F. Coats, Stacy st. terminal 8 rd a. Matters General Petroleum dock—Gtr Frank . Rue! Spokane #t. dock—-Motor achr Apex | Duthie Htr Grifteo, atr Grittau. Kast Waterway terminal—Schr Northern f. atiand Mont, atr Elihu Thomson. Pacific Coast Bridge & Dredging worke— Str Patterson. Ames yarda—B8tr Roonevelt. Lake Union—Hulls Abilla, ydon, Addison, Allen thon, Bayden, Bincayne, Atmoba, Ab- rat, Ahmik, An- Hertrand, Bingamon, Blianford, Oel- Heffernan drydock-—Behr Blaatind, Libby, MeNell & Libby dock—Bk George Curth Stream—Bge No. Campaign Against Oleomargarine Tax PORTLAND, Sept. 14.—A cam- paign against the measure which would place further taxes and re. strictions on the manufacture and sale of oleomargarine in Oregon will be backed by the Associated Indus- tries of Oregon. The Associated Industries—a group of manufacturers organized for the purpose of promoting Oregon pay- rolls—maintains that the “oleomar. garine bill” on the November ballot is @ direct attempt to throttle the in- dustry. Denver Market Status DENVER, Sept Cattle—Recetpta, 1,400 head; market steady. Steers, § @13; cown and helférs, $709; stockers and feeders, $6.50@10.25; calves, $6.50@ . Hogs—Receipts, £00 head: higher, Top, $16.45; @16,75, | Bheop-—Recetpta, 1,700 head; market ts j Steady. Lambs, $10.456 15.50; ewes, $6@ $6.26; Leeder lambs, $12@ 12,76, market 260 bulk of sales, $15.20 sa laid pallet cams, She dow. 2 don $1.15 new laid ja $3.25. Balls Ret to ter, ie Th, 2 Ma the welners, 220 1. Mt malik, (ite: she Olympte Bie; Crisco, 39 she cS Mazola ‘oft, s3e Golden Weat coffe, jer, 2he Th. tal 20e th; orange strawberry jam, 1. phe. Galt ¢; Lipton's yeno label tem, $80; 10-T. pall Kare syrup, Dée. Stall 40, Bupreme Biend coffee. boc %., 2 The $1.45; pure cocoa or chocolate Ths, ehiiling’s Best Stall 29, Good Luck m Delicta Nut ' 25e; Maximum, Relianes coftes, 460 M., 3 Ta $1.25. Stall fresh corn meal. dest white flour, 10 1 best peanut butter ile pure Yakima honey. in bulk, + 2 The $1.20 + 3 Toa Abe: best stenting | Good Luck rubbers Stall 2, hams, 350 ™.: hamburger 1.; pork liver, 2 Me. 26< WESTLAKE Sugar stall, 4 Is. pure cane sugar, The; Centennial Best flour, $245. Stalls 16 17, 2 large cans tomatoes, chocolate, 230 TM Stall 135. 6 good iN Bta 3 cans ‘corn, 300, $1.05 Wheat, 250; 60e mackerel, Tae Minister to China Speaks Here | Arrived in Seattle last night on a diplomatic mission, Dr. Paul 8 Reinsch, confidential adviser to the Peking government and minister to China for several years, spoke on problems of the Orient at the Rainier club this noon, under the | auspices of the foreign trade bureau | of the Chamber of Commerce. He will speak again tonight in the as. sembly room of the Plymouth church under the auspices of the China club. TAKE THE BOAT TO TACOMA 7, 9, 11 A. M. 1, 3.5, 7,9 P.M. MVERY DAY. "The best dnd cheapest way te ge. 00 eNeE60' —FARE 1D NAVIGATION G * ROUND} TRIP PU apt ve ate, 81 ik | formerly | j @mmiasioner of agriculture last! | Apri. BANK CLEARINGS Or triplete .... Wisconsin ereem Leamurgee ~-. + erica - 1,851.432.00 | 428,396.00 | Clearings : Balances .,... .. Pe | Mrotiers— All wela * Nomatore baking | @ Tio; werateh feed, | + comb honey, | REPORT OF THE CONDITION At the Close of Business, September 8, 1920. Loans and discounts ... Overdrafts Shoe Customers’ liability to bank ‘for its ac- ceptances > United States bonds and certificates of indebtedness Other bonds and securiti State, county and city w. rrants. Stock in Federal Reserve Bank. Banking fouse, furniture and fixtures and other real estate Interest earned but not collected Cash—In vault $1,822,845. 49 In_ banks $11,912,195.43 11,193.78 421,054.11 1,337,610.20 1,683,811.21 125,233.68 45,000.00 580,229.83 45,461.49 and with treasurer.. 4,766,383.79 | 6,089,229.28 | } LIABILITI Capital Kine Ce Veale Surplus and profits. Dee Wahi ¥ Reserved for taxes and interest. Circulation Acceptances under letters of. credit . Bonds and U. S. certificates of indebted- ness borrowed 00 dveeeeeees Due, Federal Reserve Bank. Deposits—Individual .. Banks ieee U. S. Government. 251,019.01 $1,000,000.00 909,940.01 182,794.65 235,000.00 186,795.21 310,000.00 545,000.00 BLE 515,588.90 8,286,465.63 79,434.61 18,881,489.14 $22,251,019. o1 THE NATIONAL BANK OF COMMERCE OF SEATTLE UGET SOUND POWER & LIGHT COMPANY pioneered the electrical development of this Puget Sound region. It has four hydro-electric plants and five steam power plants. It oper- ates street railways, interurban lines, a gas plant and other proper- ties, and with these utilities serves ‘147 communities in the Puget Sound district. These enterprises are bound up with the future development of this region. WE WANT OUR PATRONS, CUSTOMERS AND EMPLOYES INTERESTED WITH US IN THE FU- TURE DEVELOPMENT OF THESE PUGET SOUND COMMUNITIES, AND IN THE DEVELOPMENT OF THE UTILITIES THAT SERVE THEM. Therefore we offer you these safe and secure gold coupon notes, to return you 8 per cent, and invite you to join us financial- ly, and assure you that you will not only benefié yourself by so doing, but that you will also have a hand in the future develop- ment of this entire region. This is one of the most attractive investments ever presented in the Pacific Northwest. The security is unquestioned. The interest rate unusually high. It is a home investment in a home institution. You may buy notes for cash or on partial payments. It Is Your Opportunity Full information may be obtained at any office of this Company CONSULT YOUR BANKER Puget Sound Power & Light Company