The Seattle Star Newspaper, July 29, 1921, Page 18

PAGE 18 NOW MADE BY SAVERS Profits Piled Up in Year for; Bank Depositors and Others BY BAL rh : coven WASHINGTON July 29. Ap Proximately $1,000,000,000 in profits} has piled up in the last 12 months paying carl Ing session, The industrial off list, however, was soft and muc was in evide for possessors of deposits in savings hanks, owners of government thrift py commis Kastern interesta, quotation down fand war stamps and of other securi- BILLION IS (Higher Prices Mark Early N. Y. Trade NEW YORK, July 29—Purther increase in the reserve ratio for the federal reaerve aystem made for higher prices in the early trading on the Stock Exchange today The upward trend Also was stimulated by the regular dividend of the Rethiehem Steel Corporation, which was announced shortly after the clowe of the market yeaterday. Ralls were fractionally higher, The mar gular * included: Studebaker, Té'%, unchanged: Asphalt, Pa ; oft thiehem "R,” 49%. up Th; Reading, 70 % off ts Mexican Petroloum, 104%, up M1 United as Pacific, 24%, off Wi Utah, 484) off Wy United snapiouously #trong tn noon trading, nearly all divid f alle were ® Kot into new high ground for the month during Liberty Bonds (Thursday's Quotations) Batler Motel Hallding DRIVEN DOWN Sarton Min law ‘ Veipenes AN ORO CHICAGO, July on hou ~Free selling representing ve the wheat the Hoard of Brrcsvces OTE ONO (ET.TO ties easily convertible into cash. \Trade today, white corn held fairly ‘ ery et er et ee This profit now is waiting collec |«trong Oats followed wheat in the | wien «hess. cs 500 BhAE (08.60 regained some of the losses tion by its thousands of owners, in| decline, After a weak opening, on | eee addition to more than $120,000,000 | Br’ jclose. Reports from Kansas City worth of interest at 4 per cent, It is as yet mainly @ paper profit, but is sure and certain, and results from | °* the genéral decrease of approximate ly 30 per cent in the value of nearly all commodities during the past year Depositors in savings banks now have between two and three billion dollars to their credit, according to estimates based on reports to the of fice of the comptroller of the cur roney Those who wish to draw their cash and take their profit now can buy many stocks, bonds, tndustrtal securities and other commodities and securities at far less than a year ago. Prices generally now have practically reached a stabilized level, most government officials believe, unless the nation-wide economic de- | Pression is to cut still deeper than dt has. But with business on the froad to a boom, prices are likely to advance. In 51 big cities the general level wet food prices has declined more fthah 30 per cent, reports to the lw | ‘or department show. Farm prod- m=cts, clothing and other commodi. fies have declined in proportion, The idecline has been approximately 3/T\' fer cent a month. But in June the ‘drop was less than 1 per cent. This |J Bndicates, officials say, the bottom |. Bevel of the price curve probably Das been reached. Prices are now between 45 and 50 Per cent above those of 1913, with ‘the exception of building materials. The following table shows the de- -ctine in food prices during the year and closed down % ‘September | f closed off %c. December oats open- ed off wo at 4140 and closed off ke wee anes | Chicago Board of Trade | (itso ‘ki (Friday's Quotations vr ‘an some of the nation’s biggest and ‘gost important cities: Butte, Portland, Ore.-—39 per cent. Salt Lake City and Seattie—37 per ‘eent. San Francisco—31 per cent. Los Angeles—30 per cent. Ship News SILVER STATE TO SHOW ’EM According to advices received by the Admiral line, the steamship Si! ver State is expected to arrive in Beattie Sept. 2. In doing this, ac cording to steamship officials, she is not only maintaining her regular schedule, but demonstrating the ef- ficiency of the new transpacife Jiners of the United States shipping |“ board. This is the maiden voyage of the Silver State, making good the ser vice of the ill-fortuned Wenatchee.|_iyarometer rial ‘The steamship Keystone State will| wind. Passed oui gail from Seattle Saturday, Aug. 6, and is expected to duplicate the schedule of the Silver State. The Wenatchee is still in the Todd dry- @ocks for repairs. eee HEARING ON FREIGHT RATES |(7,Ai*% 51 nen st Znaeress fom) 6 Start Local Branch but slumped again just before th Foreign Securities (Thursday's Quotations.) Furnished by |. B. Mennieng &@ Co Mutler Motel Beillding socks. ea Russian 64a, 19 r leading markets said re uaually heavy irregular opened off %e at sed off tee. T off tye at $1.27 and closed | French July opened down Ye fioeen & Sey regained ec at the ch Britian 6 Pt ed r opened off %ec at ble | ac. December opened up| fritisn & osed unchanged | July opened off tac at 36Xc ats opened off Me at 3c, and Cash Wheat CHICAGO, July 29.—-Cash wheat 125@1 eee Japaneses and 44... Atchison Gen alt. & Odio és 18.80 Nominal Nominal = 1220 1220 12.37 12.20 « ‘ony O. & Le Ret. ts 36. Market steady Choice and prime, $9.25@9.85. mediam, ; common, 36.50 ” 260 care. Portland Market Status and heifers, $2.0 et, De high lamba, cull Ing wethors 48, cull to Y. a een iy ¥. Saget endl Coles | ise Will Beil Suger—Firm. Raw, $46.61049¢: gram: * common ewes, $1.5 . ‘offee—No 7 Mio, wpot, 6% Mh; No 4 Santos, 9% @ 100 Ih. Weather Bureau Report | 2" #! 10 a m. September 23, TATOOSH ISLAND, Joly 29-—8 A. M. cloudy, July 29a seaoe: ome: dation Jewelry Dealers to A. C. Dutton Lumber corporation jand Yokohama, at noon; motorship Cel Norris, Allister @ Ball Co., whole and 15 other lumber companies} >urra from Caldera via Tacoma. sought abolition by railroads of a hearing before Examiner A. Howell of the interstate commerce commis- sion, in the federal building, Thurs day. The case involves the ship Ment of long poles and spars, eee JAPAN'S TRADE BIG Japan jeads in taking the largest volume of foreign commerce export- ed thru the Washington customs dis trict for the month of May, accord ing to a report issued by Colletcor of Customs Roscoe M. Drumheller Thursday. Canada and China fol tow. i —, Mia Men’s Hat Sale Too many Hats is our only excuse for offering beautiful $4.00 silkiined Hats t half price. These come in a variety of colors. Both lined and unlined All sizes. Choice $2.00 Our new fall line of hats is now on display, consisting of velours, tweeds, etc. $3.50 to © boys’ new fall hats $1.75 and $2.00, One Price, Cash or Charge 1427 Fifth Ave. Between Pike and Union Sts, « via fiellingham, differential in freight rates applied!dent trean San Pedro via San Fran against multiple shipments at afand Viewria, B.C. a kong, laeip Pionia from Ben | Pieinden for Seattle, 6 a. | Widorado for | Dewey for Seattle, 2 p. 1 |Cape Fis m.; str Robin | | CAddetiselpad.niRee HRD MRD MRDH j———— cinco | Mttle Jewelry dealers, with general of. injer from San Pr fices in Portland, Or., will open a Se 05 wm m.: ate Pi mm.) str Katori Maru from firm of Henry Broderick, Inc. who Tacoma, at 1:30 — m. have cloned a lease for the Portland Sailed firm in the Haight building. July 29—Str Telthybive for Manta via eeeeetereneeneenasenmncs Yokona Kobe, Shanghai and Hong C. D. KENNEDY RESIGNS Ses cat Cage Raney Sor How) PORTLAND, July $8.—C. Dj, Ken York Relimgham Pedro, Balboa, Baltimore and Philade!.|Nedy has resigned as general agent | phia, at 4 om. of the Norton-Lilly company at Port land, handling the Isthmian steam. : . Alaskan Vessels ships. lod, atr Princess | Kennedy's service with the com pany will terminate August 1, when! str Spo- Lilly, vice-president, and Edwards, general coast agent at San Fran : cisco, Ma ve *ortland o . Vessels in Other Ports [)1.00jc.0,ir7'"* (P Portiand to re Skagway——July 28—# on, Copenhagen—July 22—Arrived, motor: a Liverpool—July 27—Salled, str Bakers MOTORSHIP NOT COMING ield for Keattle. Hongkong—July 24—Arrived, str De- the R will not come to Seattle this voyage. + | Owing to the presence of the steam. ship Kinderdijk of the Holland July 2%—Salled, str Kashima for Heattle. Yokohama——July 26—Arrtved, atr W. nm from Portland. July 23, atr T cor from Seattle, New Yotk—July 2#—Arrived, str Prosh atr Author | here avail: Batied, str ; wtr Admiral TO REPAVE WESTERN AVE. Reported by Wireless Western ave. between Virginia st. and ve ° =i man a and University st. is to be im Commententions aving between the . if the city councy awn up by proved by re street car tr sses an ordinance Councilman Oliver 1 I Str Rainier, San Francinco for Je at $ p.m; yrship Kennecott, |to cost $40,000, which will be priated from the railway ment’s depreciation reser York, RECEIVER FOR BOAT ASKED pointed for the motorship Muric heed, 30 . Business Property Two pleces of business property on First ave, will be sold to the highent cording to Sheriff Matt Starwich, as ht nourn|® Fesult of an order of male signed in Robin Line steamer | the superior court in the case of the ate ~ 7 m | & four-mast schooner, tow-!] Equitable Life Assurance Society pe at Ue 6. e of the United States against the Arrivals aid De Phinney Realty and Investment Co. attile sales office, according to the It was announced Thursday that! light from Seattle; str Manila Maru from | the New motorship Somersetshire of ‘ Mail Steam Packet line American line, operated by the same Le erat concern. The Kinderdijk will take ‘San Francteco—July 2%—Bailed, etr| practically all of the cargo offerings ple for the big motorship. ickson Thursday. The work is estimated Suit was filed for a receiver to be a“ KY | Mutual. | “lon the fruits om and Calif ! There is strong Friday, in superior court by the Se | * 1 green apples and on | Vessels in Port at Seattle | attic Boiler Works, which allege that |the demend exceed. Smith Cove Termina Pler wtr ‘ent | 6.95 is due mit, Ce y 4 igs Wiig niger an fe IP Maio mos : -, A that, company for]ig estimated that 20 per cent of th 1 Maru. materials used in the ship's gon-|Unit Northern Terminal—Str Dakar | 8truction, the natchee valley, Pier jester AMERICANS MAIL MONEY or | cording to reliable reports Pier 2—Str Cordova, #tr Northwestern, [other valuables in ordinary or regis-| Eastern Washington Pier Asie Admiral Rodman tered letters to Vindivostok at their | selling on the Seattle tnt eitie Sa Oran own risk, it is Stated in the last|Ket at from $2 to $2.50 f u Moorings —Str | postal bulletin boxes, while the | . atr toont- | um, ° tr Anna fg a Morne . U4 t 8| BECAUSE OF CHAOTIC condi Vicksburg, ions Oo parcel post se arrived but the sales were treet Terminal—U, 8. Te & Re- | HONS th OF mer Oe) DORt Beetiog i the athe gto has n established in the territory |C#use the stock w Todd Ury Docks—Ship Chillicothe, str of t Wenatehew, str Eldridge. ‘ |fruit for ripening Ames Yurd—str Roonevelt 3 |buy ft at a low prive Standard Boiler Works Dock—#tr Pat- 7 “7 nas terson. 1| BANK CLEARINGS Heffernan Dock—Str Valdez, str Phytiis| | | |box Comyn ; Atimson Mill Dock—Sehr Rosamond. io Seattlc | Winslow Marine Ratlway—Barge Coquit- | | Clearings . 471,093.29 lam City, barge Grittson | Balances ..... 923,979.70 HE SEATTLE TOCK company fire insurance interests cen- tering in San Francisco have been making vicious attacks on the Northwestern Mutual Fire Association ever since it was organized just twenty years ago. Some insurers have allowed themselves to be prejudiced by this powerful stock combine, while others have not. Those who have refused to be influenced against their own interests are more than $4,000,000.00 better off in savings on their insurance thru the Northwestern The stock insurance interests are not as much 1s» | 9 worried about losing this $4,000,000 as they 10" | are concerned about the several times that amount of loss in premiums caused by the re- duction of all fire insurance rates on the Pacific ment to him the stock companies greatly increased NEW BUSINESS [sce =. MOVE SWIFTLY) IN LUMBER BIG 2"... Liberal Supply of Fruits and, Vegetables hington reported a» 4,143 feet for the which is 34 w normal, is the state ment issued by the West Coast Lum bermen’s association Friday production of & AN commodities were moving well | al wholesale day. There was a Mberal supply vegetables coming in from both totaled 48, astern Wash: | totaled 3 demand for orders totaled 1 States apple crop comes from |shipments totalec port shipments feet now bidding strongly, ac ne corn season has a bea n demand searce Friday causing a higher market at from 11 Per do: alifornia Graven ents a pound steins are being sold at $3.50 a box A small shipment of Bartlett pears Jobbers believe some when heavier re no changes noted on| tailers are not anxious to hold green |,, a gr the dairy market Friday which is keepi ‘The pears were quoted at $3.50 a Tho the supply of green beans {1s Bertone Tele. Wheleeale | Deniers comparatively light, the supply ex: | | |eeeds the demand, which caused the | price to drop to 6 and 7 cents a! Cabbag AnExpose Why Do Stock Insurance Interests, With Headquarters in San Francisco, Continually Attack The Northwestern Mutual Fire Association of Seattle? $500 Reward $500 REWARD to anyone who will prove these statements— or any one of them—untrue: (1) THAT its policies are absolutely non- assessable for loss or damage by fire. (2) i as Posed upon past experience, than the ten largest stock companies doing busi- ness in the West. com- (It is a general known ) THAT it has consistently had a much lower loss and expense ratio than the board companies. THAT no mutual company has ever failed after it had attained even one- eighth of the assets now held by the Northwestern. Some of the Reasons The stock company combine can not success- Northwestern on the basis of any lack of cash resources back of the Association’s policies, for Fesouroes that are Sfty percent grester propor. tionate to estimated needs for Iceses as based on average experience than can be shown by the ten largest American stock companies. Nor can the stock insurance interests frighten any great portion of the public by repeatedly stating that policyholders in the Northwestern Mutual are liable to assessment to cover the As- sociation’s fire losses, for this is absolutely untrue, and they know it is untrue. They are decidedly worried in fact because a policy in the North- momx orrices: CENTRAL BUILDING ‘ Seattle F. J. MARTIN, President H. K. DENT. Vice-Pres. HOWARD SEABURY Vice Pres. M. D, L. RHODES, Secy. BRANCH OFFICES: Portland Spokane Tacoma Sacramento San Franciseo Los Angeles Salt Lake Hamilton, Ont, western Mutual is just as free from this assess. ment liability ae the policy of any stock company. These stock company interests cannot for a moment really believe that the Northwestern Ma. tual’s mdemmity is unsound (another story with which they try to frighten the public) for they know that in all the history of insurance no mutual a company ever failed that had attained even one cighth of the financial strength of the Northwest, ern Mutual, suring public, paid for by those whose insurance ] is placed with stock companies, | ep, could comply with the laws of the Pacific C states and could become members of the Francisco Board if they would agree to the combime’s rates and arbitrary rulings and return any of the earnings to policyholders. Also remember that the Northwestern’s paying cash assets are greater in its requirements, as based on 20 years’ ence, than is the case with the ten American stock companies, all of which im their assets their much emphasized Just call the stock company agent’s w to our $500 REWARD offer printed in this F: All we want, Mr. Property Owner, is to gh you the facts. We know then that we willl your support and cooperation. Aneeten eit Representatives in All Principal Cities Onione—Cal., per M™. .......5 Peanuts—Virginia That 105 lumber mills in Western | Crystal Wax, crate . Japanese | al green, don. bunches ... Pecans—Per t jey—Local, dor. bunches 43,439,444 | punches. FRUITS Prices Paid Whelesale Dealers , domestic | Appiee— ; export, |B. Waah., standard boxes . tal. 4-baaket ora Per tb pi Prices ets S| Cheese— tal cargo feet; ex standard erate Wash Ducks Young, Hons Currants—Red, per crate cane M 1.0 . per box sense LSO@LTS Local, pers Tb... .06@ 08 5 hat re i 1 $.00@ 10.00 | . 40 crate ° Butter and womts 7.50 | Ducks strained. : 16 Hens. Per ho TT Loomss'o0 | ¢ anberrion pone 09@ 07 | Peare—Bartiott ./.! 07) Sugar, 4-basket crate 1,261.60 Pineapples—cuban, per crate 3.00 | Plums 4-basket crate ~ 15002,.75 ough 046@ 04% | Raspherrica r H Pise Primes 3.08 | Watermelon—imp. Val. 1b... .02@ .03% | DAIRY PR Prices Paid to Shippers 5, city delivery +-cose® Pallets iaasnd MUIk—Cwt.|, fob. Beattie wuppl F. O. B. condensary, cwt, DAIRY PRODUCTS feed, 100-10, hit Fresh ranch Local storage .... Or, triplets .. * Wisconsin cream bric Block Swiss ‘Titlamook : et POULTRY Prices Paid by Wholesale Dealers Cottonseed Meal Live, per Tb. Belgian Hares. Prices Py 250 | Turkeys—-Dressed, por Tb, Quotations at Stockyards Modium heavy OUP CALC 644 462.25@2,50' Pigs wiseceee