The Seattle Star Newspaper, October 4, 1921, Page 11

TUESDAY, OCTOBER 4, 1921, HIGH PRICE New Normaloy Will Stand 60 Per Cent Higher Than in 1913 BY ALBERT AYPLE CHICAGO, Oct. 4—"When busi mess settles down to normal again, the new average level of prices and) wages will be 60 per cent higher than tn 913. “I made that March. Revent business ments are proving its accuracy, gays Halbert P. Gillette, economist editor of Engineering and Con tracting. Gillette calls attention to the pri Index compiled by the governme: Bureau of Labor BStatisti z= index shows that, on the average the wholesale price of a given ount of commodities has been as Hows: 913 average « y, 2020 March, 1921 May, 1921 . June, 1921 July, 1921. August, 1921 . AUGUST SHOWS | TURN OF TIDE “The August figure,” says Gillette, \ “registers, I believe, the turn of t industrial tide. It te the first in pase in the wholesale price index the past 19 months.” Gillette bases his price-and-wage Prediction on a complicated Mathematical formula, which he has tested back over 80 years and found prediction it fitted each year’s prices and) r to this formula, aver wholesale prices will continue Pising until they are 60 per cent above 1913 level. They may go high | er, but probably would fall back, In ‘that event, and settle at the 60 per) cent Further Indications that business line has halted and |s rising out the depths, ready to stabil- fre pointed out by Gillette, as “ONE: Between June, 1920, and April, 1921, bank clearings declined t 25 cent. But, for the past i they have romained in aed of more goods. “would operate exactly it not that maturing ob- wo Seattle boys, re. who price. Im boys news to their mother, ave. N. AMUSEMENTS METROPOLITAN RALPH DUNBAR’S “ROBIN HOOD” mat SPULAR rr iene LOEW’S PALACE HIP Kew Piaying VAUDEVILLE 4s Alice PANTAGES Matinees, 2:30. Nights, 7 and © LITTLE CARU! last | develop. | { Ship News | Weather Bureau Report | Weather Bureau Report | TATOOSH ISLAND, Oct. dof A.M. thick tn oi, large Vertical stripes on Piece | Arrivals and Departures | Arrived | Oct. ¢ Str Admiral Parregut from @an > via Ban : str Pukut Mara f a and Tacoma, ‘ & dentroyer No, duty, at 1240p, m a | Ste Northwestern tor Routhaast . Oct, t—Str Le Portland, Ore. Balboa, Malt ww York, at Beattie for from sen Oct. 4 Rainier for San Fi er Delagoa Maru for eat B20 p. mr er Cotten v ‘coma, Portland. n Pedro, Bay Liv L—-fatled, str Alameda, 290 pm t. D—Salled, str Spokane, Ketoblkan—-Oct. §—alled, ate Redondo, northbound, 10 a m. Vessels 4 Other Ports Liverpoot—Oct. t-—Artved, str Eastern Merchant from Beattie. kong Oct l- Gated, etr Kashima for Seattle; str Hawkeye State for ue ) o Arrived, otf Artrone ak Jack Grove fo | San Francisco—-Oct. ¢—Arrived. str ak- trina Luekenbach from Seetth Queen from Seatile, si wees | & eee Smith Cove Terminal—B—#tr Keystone State, str Pushimt Mara A—@tr Ho. ratsan Maru. str Edmore, etr Wenat chee. Beil Street Terminal—U 8 © @ Algon quin, USL MT Meather, U8 LMT! | Latouehe, ton Pactfic Dock—8tr Fulton Pacific Coast Coal Bunkers-U, Umatilia. Shipping Board Moortnge—Str Delight. | tr Delrose, str West Mt awe Western Knig str Crone Bast Water Str Tomtw Todd's Dry Dec Ship Chillicothe, beth Forest Friend. Forest Drea tn Forest Pride, bkto barge Washtenaw. Puget Sound Bridge @ Dredging Co.— Str Patterson. Ames Yard—Atr Roosevelt, Lake Union—Motorenip W. ¥. Burro: gee echr Ruby, bktn Gey C. Goss, Renjamin F. Packard, bk W. B. Flint b J. D. Peters, sehr pia tor, str MH. B Lovesey, + Morning C tr Griffco, barges , Henry Bide, schr Wiillam Gittau. ———_+ GOOD TIMES DUE IS BANKER VIEW No Need for Pessimism, Says John S. Drum LOS ANGELES, Oct, 4—"There ts) nothing tn our domestic situation nor | in the international situation that chn sustain a pessimistic outlook or 2 despondent view that the world has sunk into permanent depression” ‘This was the assertion of John 6. Drum, president of the American Bankers’ asosciation, in the opening address to the national convention here today. Drum's speech, “A Country-Wide Economic Survey,” was the digest of & survey compiled with the assist- ance of every large bank end finan- celal institution in the nation, The report covered the volume and costs of manufacturing, reduction of | surplus stocks, Wages, taxation and transportation, prices of ‘finished goods, lumber, metals, agricultural products, credits, the excess profits tax, uneconomic legislation and its effect, and bankers’ opportunities, “Gradually influences preventing the restoration of stable conditions are disappearing,” he said. “As Prices move toward stability on an equitable basis, the full purchasing power that fe a necessary prerequ!- site of normal prosperity is being re INCOME TAX FREE BONDS Serial, Gold 6% Bonds, due 1929, $20, 1981, legally approved by preme Court, ~ Write, Call or Phone Main 2765. L, M. RICH & COMPANY, INC, Katablished 1909, 1523 L. C. Smith Bidg. Beattie. _ Don’t Miss This Big Bet “Smooth as Silk” at the Wilkes Vessels in Port at Seattle |". Domestic Oils Still Feature NEW YORK, $c stock market tn Mexican Petrole ate 4 il stores, 62 as Ny-dpringtiold, 49% Co Sh te, ul ah dropped to 664, while the preferred SLOW DEMAND; MARKET SLUMPS CHIC Oct. 4—Lack of de mand 1 grain price «lump gn the d ¢ The export ened the ma off. Bhippic Buying 4 Ped SXc at the clos December corn was ng and e} pening u Market strong, Top. $5) butik heavy welgnt, 80 Cattio— shes @es cows and belfers, $2.50 Ateers,, HG 47.600 11.80; foede stocker — steers, jambe, cull amd yearling wethers, seer eull to common ewes, $1.60 Marian McArdle’s Trial Under Way CLEVELAND, Ohio, Oct. 4.—-First witnesses fn the trial cf Marian McArdle, 20, were to be called by) the prosecution late today, Ten jurors had been tentatively selected when the trial of Marian for the murder of her stepfather, Dan Kaber, was resumed today. Five of the jurors to be tenta- tively accepted are women. and three of these are mothers, With daughters about Marian’s age. ‘Rockefeller Sues For Income Taxes WASHINGTON, Oct. 4—John D. Rockefeller, thru his attorney, today asked the supreme court to advance arguments on @ case by which he hopes to recover the federal income taxes pald several years ago. The federni government agreed to Rock- efelier’e motion. Market Ready for All State’s Apples According to D. D. Olds, director of exhibits of the Pacifico Northweat Fruit Exposition, to be held tn Se attle in November, who apoke at the Transportation ¢lub luncheon Mon- day, a market has been opened for all the commerctal appies to be har- vested In Washisigton this year. Says Dawes Takes Too Much Authority WASHINGTON, Oct. 4-—Director of the Budget Dawes was charged with “impudent and insolent usurpa- tion or legislative authority” in cut- ting congressionah appropriations, during a speech In the senate today on the pending tax bill by Senator Reed, of Missourt. THE SEATTLE STAR of Market olla_continue feature of the and 101 firet half hour of Asphale touched the high of ‘4 heavy and Aimer! n was not active at . up"; Raltimore & Ohto ea; Amoriean Int 88 up Keading, 12%, \ vee Ws Atantle-Gult, &, off & at hour.” Amertcan Sugar common at 7S was off three bet | (Monday's Quotations) vg) aCe » | day, N. Y. Stock Exchange ' Parnished by L. 1B. Mam | Butler Motel rey \ \ | A & Ohie in Lecom’ Motors thern Alcohol Westinghouse willy Total stock sales . Liberty (Monday's Quotations) Purnished by L. BH. Manning & Batier Motel Natiding io Wheat. cise esse Corn o 8 } ESTIMATED TOMORROW | Wheat, #5 care; corn, 1,478 cars; cate, / i ore | on sdatiehtiinaanaes | SOPHIA CASE UP AGAIN full amount of damage resulting from the sinking of the steamship! Princess Sophia in 1918 with a lon» of more than 200 Lives, the Canadian Pacific Steamship company, owners of the vessel, have filed in federal court @ petition for rehearing of the | matter, Federal Judge Jeremiah Neterer recently held against the petitionérs. Portland Fireman Dies of Injuries PORTLAND, Ore, Oct. 4.—Lieut.) Qecar Lebman, 25, acting captain of engine company No. 1, hurt tn a collision when the engine he was riding collided with another engine | while responding to a‘fire call, was dead from injuries here today. |fancy Tokay gra | has ja ‘ | $2 per lug with sales of a previous ¢| TRADING DULL Apple Demand Grows; Tokay Grapes Quoted The vegetable trade was dull Tues- with many varieties offered Local hothouse cucumbers quoted at from TS cents to $1.25 4 dozen, according to the size, and quality, Carrots were at $1.75 per sack, California sprouts were meet ing a better demand, tho mont the heat stock had been cleaned up. The demand for apples has slight ly increased over that of the close of Inst week's market. A shipment of were quoted at s consignment at $1.90. Putter was steady In price, while omen were firm, due to light receipts _ IN VEGETABLES of fancy stock, which are moeting | with ready sales. VEGETABLES Whoteenle Dealers r %, oe per t ga ie in, doa, bumehes . y—Local, don bunches Local Telephone, M. per bom « Local Green, apple bow Almonds Per Bresil—Per to. Fitberte— Per Pecans Per fb DALIY PRODUCTS ohdenssry, ew. ..+ DAIRY PRODUCTS Prices Paid Whalesale Dealers Better—Local creamery, cubes. Local storag Checso— Or triplets Wirconata ct Biock fwise ‘Wash, tripiete Tiliameok POULTRY * ++ 28@ 28 AND MEATS Springs, over 2 Hip-Hip-Hooray! Here’s gdod news for thrifty house- holders who want to make money go a long way. eir fuel Burn BELLINGHAM COAL in that Yr more heat Chee Your dealer can supply e or stove. You'll ane be dollars ahead. - , clean and well-prepared. ou. Other- wise phone your order ect. Phone Elliott 1442 BELLINGHAM GOAL MINES Seaboard Bldg, Seattle BELLINGHAM COAL “MORE HEAT PER DOLLAR” SPEAKS ON CREDITS The Lions’ club, in regular session | Ma Clarke, the Unton 1 bank of t on the present cred it situation. Dressed, per t, Roostere—Live, tb. . Cowe—Country drensed, fat Poor, medium . Fat, m Block fancy . were y. Medium, dressed Heavy, ore. to choles in to good Pat. 44's, otty Celivery HAY, GRAIN AND FEED City Wholesale Prices, Per Tom Corm—-W yellow, 120+, ok 27.00 . 100-1, wk . Clipped, 100. wke, .- « le, f Granulated ..... Kastern, hardwood . Boat S From Colmant -SAVE MONE&Y= Travel by sfeamer chedule: , &, 6 Gpecia} fun, Trip, Te m, & G0c for One Ticket 800 for Two Tickets Victor PORT ANGELES DAILY AT MIDNIGUT (Doeg not go to Victoria on trip ichving Seattle Bat. Night) SAN JUAN IGLAND PC » » A,B TRA BELLINGHAM - ANACO} PORT TOWNSEND RA AND MILL P« HOOD CANAL Poin NEAH Bay 4 WAY PUGET SOUND NAVIG/ The Cheasty Store Has an Unusual | Display of New Fall Suits and Qvercoats’ Never before have we had such an attractive showing New Fall Garments. ee PRICES ONE-THIRD ' LOWER . NO DECLINE IN QUALITY Suits and Overcoats from the House of Kuppenheimer. They will appeal to the man who likes originality that is in good taste. They are priced $50-——$55 “Cheasty” Quality suits will please the man who wants a good suit at a moderate price. : $33 and $37 We have just received a large assortment of exception- £ ally fine Overcoats, reasonably priced at ; $35 and $40 See Our Window Displays—They Will Interest You heasty $45 MEN ‘6 AND BOYS’ WEAR ce SECOND AVENUE AT SENECA PEPE Ken eees> .