The Seattle Star Newspaper, October 3, 1921, Page 12

ONEY IS NTIFU First Time in. Many Years;|" Banks Have More Money Than They Can Use BY W. G. McMURCHY WASHINGTON, Oct. 3.-—For the first time tn several years money is plentiful this fall for moving the | Princ oF oo Rupert via ports, at 4 m.; atr Keystone erops from the great grain belt of State from Mantia via Hongkong, Shang the Middle West to the consuming | '*! abe and, Yokonaina @nd export centers in the East 8 The Federal Reserve Bank at E Kansas City literally has so much | Money that it does not know what * to do with it, and the like condition, Perhaps to a somewhat lesser ex tent, is so true of the banks at Min Meapolis and other points that there as not been any call from the agricultural region for money. Secretary of the Treasury Mellon attributes this condition to the fact ‘that in recent years the crop-moving has come in a season when all other businesses were making heavy de Mands for money for payroll and other purposes. “This year, however, the steel and eal industries, for conspicuous ex amples, are operating at about one third their usual force, and a similar exists in a lesser degree dm other lines of business. As a re Bult the demand on the banks of Manufacturing and comntercial cen- ters is materially decreased, and the agricultural sections are reaping the advantage Give Great Praise to Naval Reserves According to Commander W. B. At commanding the naval re force of the Thirteenth Naval Ship News | Weather Bureau R TATOOSM IRLAND, Oct, 8.8 eport @) clear; wind northeast [8 w John ¥ an hour wed tn. 20 440 am, O jout. etr Fred Baxter wind east, 16 miles fWo-mast steam ache at T Dp mi & two-mant Yellow etack, black top nadian Merchant, at Arrivals pers Departures Arrived Oct. t—str Tomiura Maru from Kobe | via Yokohama and Tacoma, at § Jatr Datay Froen Ban Francisco, fat sar » Brit Ad Al ate ® an from Str at 10 p Ban Pedro a8 © at T pm 12:88 a in coma Via Polng We Masant De La Detour | Ban Jone Libertad San Juan Ponta Ares: for Honolulu, at 0:16 Vessels i in Other Ports 4, str Wat hes | Manila—Sept, 29—Salled, str ‘Tynda Teus for Seattle via Shanghal, Kobe and Yokonan Balboa Arrived. otr “Rtfing ma, Portland, walled, str Oct s Arrived, str Minne. via Portland and San Francisco—Oct. 2— Arrived. M, Cramp from Seattle via T ma, at S & m. Oct. t-Str Weat G lock from Seattle via Portland, at 9 « m. Oct, S—Hailed, ste Lubric Jattie, at Ita m. Oct. 2 tr midnight atte, at 3 pm. C—Oet. 1—Balled Keystone State for Seattle, at 10 p. Port Townsend —Oct. 3—~Passed tn, Seattle naval reservist#| Admiral Schiey for Seattle, at 4:15 p.m the best, acted the best, and | str Prince Rupert for Beattie, at 1 ithe best looking outfit of ail the | ™! #tr Horaisan Maru for Seattle, at Feserve forces that cruised on | yassmite trom Ban Pedro vis Bonttle, at @ coast of Southern California dur- | 4:20 p.m. the past summer, Word to this has also been received by H.C. Keunzll, personal of the oie Seattle shipping & destroyer offi- Neca the summer in _ Vessels in Port at Seattle Qsoet Northern Docker Delagon, Mare. Bell St. Terminal—U, & & T. Kno- homish, UBL. H. TF. Heather, U8 ©. G. Algonquin, U. 8 L. MT Fern. Pier 14—8tr Ixion Pier &—Str Rosal Pier 2—8tr touche, Jeffe Pier B—Str Lehigh. Pier D—#tr Admiral Schley Grand Trunk Dock—Str City of Seattte Pacific Coast Coal Bunkers—U. & L. 8. Umatilia. Shipping Board Moorings—Str Deligtt str Delrosa, str West Himrod, str Weatern Knleht, B Mores, str Cross Keys. Hartland. Seattic Flour Mille—#tr Rainier | Milwaukee Ocean Dock treet Term! Oct. 3.—A million and bushels of wheat have moved by the Northwest Wheat ps’ association, four and a half are now fn its hands, and ears of wheat are now in transit growers and the association, to Manager Robinson of h ton-Idaho branch here. ad E of Erich Lucas an assist- int cashier of the National Bank of fs announced by President F. Backus, The new member of the Harriman Nation- of New York for 6 years, well known in Alaska, where vice president of the National Bank of Alaska, Todd's Dry Dock-—-8hip Chillicothe, Forest Friend, bktn Forest Pride, bktn Forest barge 4 D. Peters, schr Maud, Salvator, ste H. B. Lovejoy, ‘Winslow Marine Rallway-Str Morsing Star, sehr Camano, str Griffeo, barges Coquitiam City, Henry Villard, Levi W. Ostrander, ship Russell 31 side, schr William Nottingham, Gitteu R. Smith, of Smith's wall paper YIELD |house, established several years in | Portland, opened a new store at 1621 Fourth ave., Seattle, Monday, with a line of wall paper and paints, Smith's son, Clarence G. Smith, fs in chaj F. R. Smith will divide his dime between the Seattle , or ~ ng, Main 2765. RICE & Scattta land Portland stores. ETROPOLITAN SUNDAY, OCT. 9 | ities 2 y Supreme Court, of- MATINEES BY SOUR SHIP & JOHN O HYMER, PLAY THAT MADE NEW YORK LAUGH FOR TWO YEARS Complete Broadway Cast and Production Evenings: $2.50, $2.00, $1.50, a. re B0e Wednesday Matinee Saturday Matinee: Bo $100" berg no SEATS ON SALE NOW lus 10% ‘Tax Safety—Availability—Profit SAFETY—The very nature of the sec: When we loan the money makes tor absolite sathty iret mortgages on improved income 0) 0 to exceed one-Naif of the real value) » verty Bot AVAILABILATY—The fact that loans « o7 monthly Payment pian maken the volume of reisee ao large ands are avaliable for with any time. drawal at FIT—Our 004 rate of earnings is made posal: See the fenoeh thet this Assi ‘operared nt &@ minimum expense in every possible way $1 TO $5,000 ACCEPTED dv HAHAHAHA VTA eA TLE SAVINGS and pr TLE SAvaeS and LOAN Be OS- SA AVE. {HATHA PUTA eA iG Cora— White, + }Radiehee me Heine Bon = may Aitaite vos. Mixed, ATTLE STAR N.Y. Market Feature NEw strength of olls was the feature of early today YORK, Oct. %.—Tt on the stock exchan the upturn and Texas Pacific made up five points ur days of trading Aaphalt made an early high at 64% and Sinclair, Pacific Ol and Texas 6 all fractionally higher an early bigh Company w an P wan off 4 high on yn was off indepe stools w Sugars wer Opening ¥ off \i Lenith up &: Utah up 108, %, at 64; New Haven | 41%, up. y; Reading 1. lap M1) Republic's ic, 80%, up Me American Sugar t General Asphalt was up up Me onda, Kelly-Spring field Je. off %; Southern Pact 87%, unchanged; unchang Baldwin. > liat became heavy after the second hour, but reactions seldom ran than a point uba Cane preferred m od badly, the preferréd atc ord low at making an early Local Markets VEGETABLES Prices Pald Wholesnte Dealers por MT. oe. 0 hed qu Low Close cra a1 Loval, mae . Atohison Amer, Hoot Sugar Local, Local, wer Local, dow, per sack . Local, Celery Bent a Onis Baldwin Lace Hethiehem st tan Pacitic Leather Northera Alcohol Local, Spinach. 1 Green | Turntpe peo Thompson seedless. tug . Concorda, €-T Willys Overiand Liberty Bonds See SQ 4 ci. Daliding i. ian Low 6 Bhat Fourth (4s $0 | rittn 246 Fitth 1.60 18 to 16-%. box 96@1 00 ro a eee Cal, H .. Wheat, 100 care, 20 care, cora, GRAIN MARKET IS BOOSTED CHICAGO, Oct. 3-Increased ox- port demand for hard winter wheat caused grain quotations to advance the Chicago Bor of Trade ti y. There was heavy buyin: large commission houses were amall. Wieeonsin cream brick Block Gwiee ‘Wash. triplets Tillameok triplets FOULTKY AND MEATS nd closed up le. at $1.22% and ed Te. December corn opened unchen; at 49%e and closed up we. jafter opening off Yc, regained %e at the close December oats opened up Ye, 1#%c, and closed up \e Opened up Kir, at 40%c, and at the lone gained Yo, eee Cash Wheat Tortay's Quotations CHICAGO, Oct. 1—-Cash wheat—No, red, $1.21%; No. 2 hard, 1%; No & apring, $1.58; 116%. Chicago Board of Trade Porntihed oy fe B Mancing & Cm Batler 1: Wheat Dee. 3 er Close ord $16% B18 1a 12a s 0% ee Open nay wr ase 5% 40% ao 1% 17.00 18.09 16% 40% Ah * Nominal Nominal 1012 ® #16 10.12 023 * aid cad Nommal 7.05 cee Denver Live Stock ‘Today's Quotations Catleo—ficers, cay 708 Mediurn heavy Rough heavy Pi . 1.200, Market weak. Top, 25@8.2 18,000, * Market strong. Common to good $3254; Canners Portland Market Status Today's Quotations Hene—1¢ 0260 Ib, ps omm Butter—«7o Ib. N. Y. Sugar and Coffee Today's Quotations aS Raw, $4.12%@4.23; gran- ulated, Coffee—No. 7 Mio, spot, 84%@S%o Ib; No, 4 Hantos, 11% @12%e. Foreign Exchange NEW YORK, fearest today 90.0707 marks, kronen, $0.1805. Prime lambs Fair to good Cull lambe .. city delivery .., HAY, GRAIN AND FEED” City Wholesale Prices, Per Ton Corn—Whoie, yellow, 120-1. wks, Cracked, 100-1, ska. ......... 100- th. Barley—Whole, tord, 100-1 jolled, 80-™. wks Ground, 160-1. 47.00 ake. es. “i Whole, feed, 100-T. sks, Rolled, 10-t., ake... Ground, gm ing $3.73; lire, Sterling, ‘anor, 40.0079; 90.0897; wee Chicago Live Stock Today's Quotations Hoge—Receipts, 20,000. Market 10@26c higher, Top, $8.46; bulk of sales, $6.60 @4.35; hoavy weight, $7.50@8.36; me. dium weight, $8.10@8.46; Ment wetg! heavy packing sows, ing sows, rough, $6.60@ 16@ 6.60. pts, 20,000. Market stronw joe and prime, $8.76 @ Chick Muon Growing Feed Eau Mash—No BM, i00-T, ics, Berateh Feed. Tinweed “OW Meat Bean Meal ¢ higher. GC) medium 10.86; common 4.76; butcher cattle and heifers, $3,.35@6.76; bulls, and cutters, cows ai cown and heifer 39,000. Market ally steady. Lambs, $7.26@8.26 gull aed common, $4.00@1) 7 wethers, $4.75@6.7 $9@5; to common ewer or- Timothy, "we. 1 Straw . eee cling cull low, Strength of Oils Is EGGS STEADY California Tomatoes SIOW at retirement was announced at a ban The ry fi sale price of fresh ranch eggs at 60 conts a ¢ tod rket Salen a orate. ted moving well dozen bunches. The with the price down to $4.60 per box No « tions of fruit Monday BLY" of California Southern railway swept away by f sat He AULA NMI TRIAL AN Lid Pe a RMR ae ee With Standard Oil | 37 Years; Retires) John Melsan, sales manager of the Btandard Oi! red from after serving the corpora more than 37 years, His _ Puget Sound Power & Light Company's -Year Gold Coupon Notes Assistant general AT 60 CENTS’: at tion for wiven in his temple Saturday quet honor at the $1.75 a Lug Séaneuic night by 600 employes of the company was continuing | with the whole exe market rm Monday, PORTLAND OFFICE McIntosh & Co, certified acco with offices ttle thin w the establiah nen of branch offices in Portland, Ore or John nts in 8 wen. No changes were re- in the butter . nection of the | of California tomatoes were ue to the fact that there " good quality local toma-| | ot at from Bbe to $1| e California toma °| at $1.75 per lug at from annour Is Attractive A Seattle Business Man, editor of a Seattle financial newspaper, in a recent issue of his publication tells his readers why this Com- pany’s Eight Per Cent five-year gold coupon notes are an attractive investment. He says: BANK CLEARINGS Sealtle $5,004,451.89 | | Clearings | 1,560,319.41 Balances Portland Clearings . deere cranberry trade ts» still dull Balances | Clearings . | Baiances .. hanges we » noted in quota Spok. 1,044.00 K01d note Issue of Puget Bound Power particularly attractive investment the investor, purchas- } Tacoma { Clearings 2... | Balances t The new 8% & Light Co. w a Bold direct by the Company ers of the notes get a net 8% yield ne notes have @ maturity of five fears, interest in payable semt-annu ally, and they may be had in denominations of $100, $500 and $1,000. Price is par TH, Cal.—Twenty-five miles 004.69600 103,861.00 following cloudbursta This issue should have a special appeal to thone who formed the of making systematio savings from monthly income the Company has arranged to care for the needs of this class of invest ors by allowing them to pay in 10 monthly Install- nts. Salaried people and wage earners’can, by setting aside $10 a month, find themselves next sum mer in possession of @ $100 security fully paid for, that will for five years give them a return of $8 each year, and thelr money back at the end of that time, For $60 a month they can get @ $500 invest ment with @ $40 # year income, and for $100 a month @ $1,000 investment with an $80 a year income, have practice DIVIDENDS In Three Months A membership in this institution, started on or before October 5, with savings of any amount you choose to leave, will entitle you to as full three months’ share in the dividend to be declared on January 1. It in the best and safest, and from every angle the most desirable investment with such a high yield now obtainable by Pacific Northwest people of small means. And it is @ home enterprise Puget Sound Power & Light Company, including tte subsidiary companies, is the largest public utility the state of Washington. It serves the people of six counties and 160 communities, including the large cities of Seattle, Tacoma, Bellingham and Everett, with an estimated population of more than 600,000. ‘The propert owned and operated by this Company and tte subsidiaries include 4 hydroelectric or water power plants, 6 steam plants, 286 miles of electric rail- ways, and 720 miles of transmission lines. The power plants have @ generating capacity of more than 160, 000 horse power and the total demand carried is ap proximately 130,000 horse power. In the past twenty years our divi- dends ‘to members have never been less than 5% Per Annum Start with any amount and watch it grow. Application should be made to the Company, at any of its offices, for a circular giving in detail in- formation concerning its new 8% gold note issue, which in amount is limited to $1,000,000. The pro- ceeds are to be used in making expansions of the Company's service to meet @ constantly increasing demand.—Edwin Selvin, Editor of Business Chronitie, in a “Straight Talk to Investors.” Puget Sound Savings and Loan Association. WHERE PIKE STREET CROSSES THIRD ASK YOUR BANKER, or for further infor- mation call on or write to any office of the com- pany in the Puget Sound district. On sale for cash or Easy Terms of ten equal monthly pay- ments at any of our offices or in any of the leading banks or brokers’ offices in the —s Puget Sound Power & si —_ = Everett ‘Whe Largest Mutual Savings and Loan Aupociation in he State of Washington GET A BROWN i BIGELOW: ‘REDI-POINT’ PENCIL WITHOUT EXPENSE They’re Just the Thing for School -Work Have you seen the new “Redi-point”? It sure is a dandy. Cannot tarnish, has patented “jump point”—the lead will not break if you drop it—and is so constructed that it can- not go wrong. A generous supply of leads with each pencil. 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