The Seattle Star Newspaper, March 14, 1923, Page 14

PAGE 14 WEDNESDAY, MARCH 14, 1928 SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, Building FIRST RHUBARB ‘AD CLUB HAS ARRIVES were a STEAMER lea AND pry __] Se wer California Product Brings! F | Grote-Rankin Co. Entertains $4.50 to $5 a Box ’ | Advertising Men Nf IRNAL. FINANCIAL REeVIEW Beth that hae marked the at tnuing at the BrOUpa, opened at « adu - Nature Alone Cannot Build |’ Cities, Says Todd TWrature has given Seattio tho ma 5 of a great sea att b tatent Wilam H. Todd, president odd Shipyards corporation of Work, owners of the Todd Dry fn Seattle and shipyards in Motors ord level was again prominent, and Baldwin | aker Mid Aspha Cruc PRIGES ‘RAILROADS T0 CLOSELOWER PRESENT CASE AGO, Mareh reh the Seatt day forp The rhul and ¢ All oft must g club's lunch meeting, 4 day that will long be remem in of good 44.50 to & the Ad club the but in faet that entertained i i : In theory, pe i ( was entertaining hap steady In members of the ovement fair Grote- Rankin . Todd was | fone of his trips of inspection. ame West by way of Mobile, his company has recently ac Wired a large shipbuilding yard “It is always a pleasure for me to 10 Beattie,” sald Todd. “I feel tome here, due not so much to business interests as to a large ‘of warm personal fr t the future of » the shipping industry may a : were a er @ to say. But I do know t? , hae ity on the Coast is so well om Mi by nature to be a great me J Ble Seattle. Al! it needs to Rireee | 0 im destiny ts a proper spirit of ition with business 1 tendencies aro to hen I was a young in Wilmington then a much smaller Beattie, but we stuck by each « fellow who needed grew. With this same ad of mweet pota tity pl m tone was reporte r market W CHI it was the compaay eavy re the Ad club, From the je that eomn: ntiful + | Ignorance Breeds Criticism, | Says Budd Any ba winter 1 on the first ainn of Caney final meeting was and sound handing ke with music tandard quotation 29 centa. is on whi TABLES éifticu to prove Wholesale Dealers . t ansportation a thing wes @ bit of wisdom c F who affairs and civie bulld’ J emp « Celery umbere naportation avy orn were reported 6f | Cal, nm neap or thovee, des. z cluded Geo. 4, ™ tion with a . me i ¢ iy > . ibulka and Otto ¥, hich the Great | ; . rote-Rankin com day presentatives from the ompany, the Bon Frederick & Nelson. ered by Mrs. x Laura Mra. Geo. bull market. | clar : Chicago Board of Trade ie Tursday's Quotations Meh tow man, jor Biigh and Hawkins, necompanted by M. Haslam. members of the were There Fruit gn Hart's Island, N Mayuri disregarded the Y gv on Unitea els from landi the , prohibiting ve im a thick The ult, ng. re teamer fog and here’ {iding at Gresham, Ore. Other who Lea company t included J, J. wuld. Vietor Ecklund, Start of Work on New Hotel Holds Limelight «: ene : ‘ ‘ ourth ave, and B “ly farie Sivard, Miss M. D. Pape ie as um n Mins Thelma Rush, Mrx Miss Ethel Techudin race Anderson. L plang for FRUITS Prices Paid W lea on Seattle.” RESERVEBANK HANDLES NOTES “This is the seventh install ef an article on the Fed- Reserve banking system by rt] R. Truax, cashier of the National Bank of Seattle ral Teserve banks are author- to issue new form of bank called federal reserve notes, ‘are secured by equal amount @nd bills discounted. A re- fve of at least 49% fn gold must} Skept by cach reserve bank 1c inst its notes outstanding. These | ‘are the obligation of the| States and are redeemable | A on demand at the treasury |. United States or in lawful ¥ at any federal reserve bank. | reserve banks are obliged lect at par checks drawn on | :ne doliar member banks deposited by |&—— Danks. Only member banks | BAD osit in reserve banks and | busin, must # ts suffering th le t the Nineys, box with someone ¢ rtation t part in the every other line of business tha te not hard to ynderstand b o have been activitie Stephens, Bte , New » for addi at Contract for Razing Buildings Begins Reali-|, zation of Plans N and Mise Snoho- | Cash Wheat CHICAGO, March 13.—Cash No. 2 red, $1.8). | 1 to be t of their trou ae 1, Portland. afer Investment Co., James FE. ackwell, Hoge bi planning new’ building § and Pin . costing $500,000, James| HH. F. Ostrander, preparing plans to construct building at Third and eattle, Wash. being prepared by Cart Northern Life bidg., Seat. . for new hotel at Port Angeles, at estimated cost of $120,000. Roberts, supervising super- 403 Postoffice bidg., San isco, bida for post office cost- $150,000, Cordova, Alaska; until May 10, 1923. H. Grant, architect, 405 bide, Portland, has plans w wheat usen, architects, Mac. San Franses Produce “Teed Quotations prime firets, “But must be the public ¢ which it I believe it will . nesses J t c " rashears, ¢ y¥ engineer, | the fair relied up an have the wh pub Fourth $ Manson Wh ing Campbell, F a, 20 dos . sh fancy, 24 Me 1b N. Y. Sugar and Coffee | BUSINESS ON re ne, rat re FIRMER BASI prep road uring plar n Tieton mate t fin + prep Marshfield, 0: rh be ¢ BULLDING ¢ CONSTRUCTION AND WOOD ha CONSTRUCTION iid Ww. archi. plans | y & Dougan, 7 bulletin preparing pre ¥r Mined ¢ wranulated, IS 1 ed STERL, BRIDGE 3 y Henr sy and v c Wash, a preparing plans $100,-/3 p.m Sagar—Pirm ervative attitude architect, Hoge | ng t ¥. 0. B eomden DAY Foreign Exchange y YORK, March view rm oat Hatter * more careful lateral and increased co anticipat fermands In the fo supplies. Tho call money rate of 4 which reduced to 4% week, now Back to & per cent, but the evident modification in speculative jtrend, even if the share and bond | ans should result in again re. ducing this rate to the lowest fig- ure mentioned. | ‘This i obviousty a much , ‘uation than th c will be 0 reat of sem. m of on 00,000. phens & Brust, archi- ‘ork block, Seattle, are preparing plans for new high school attle, $100,000 building costing $100,000, Sedro- architects, | ‘evins, architect, Hoge} Woolley, on which bids will be called nd, bids 1p, m., April 7; con-|bidg., bids $25,000 building Finnish | soon. struction Oreg a Washington | club for A. Johnson, Hotel Potter, Tourtellotte & Hummel, architects, Pythian home, couver; extimate,| Clausen & Clausen, architects, Mac-|311 Falling bldg., Portland, will have $150,000, |leah bidg., Portland, have plans for| plans ready soon for city hall, Marsh- Union high school district “R,”| two-story concrete school building to] field, Ore., costing $50,000. ydale, Wash., J. R. Brown,| cost $250,000. Louis Lesh, city clerk, Everett, Ww high school costing $80-| IF, Manson White, architect, Sher-|bids until March 24, 1923, construc- Inland Naramore, architect, |lock bidg., Portland, has plans for | tion 20,000,000 gallon reservoir, Mercer 1 Zentr Sea two-story school building costing | WATER SUPPLY * architect, Sher. AND IRRIGATION chitect,| Long-Bell Lumber Co., Kelso, bids Portland, | until March 22, 1923, two concrete Heights | dams. legislative build group. to be asked soon on $45,000 Tenino union high school district. Knighton & Howell, Seattle, preps ehalisa p * home, Children's Orthopedic | pared U engineer, ” Roy Che 2 span, lant 4 Greene, ‘ triptets Tillamook triph POULTRY AND MEATS Prices Paid by Wholesale Dealers must carry at least 35% “Feserve against such deposits. ‘may discount notes, drafts and Sof exchange arising out of commercial transactions and fed by any member banks in Sir own district and maturing tn “more than 90 days from the @ Of discount. Such drafts, etc., ewe include thone drawn for |halis, Waa, } CB. McCullough, Oregon hway commission, preparing ne for & proposed bridge acrons s|the Lewis and Clark river, to be| opened at t 4} meeting of the 2) stato highw ‘ommission, 8s Clearings | Balances .. E tate | F 1,598,615.63 | | ota! Portland | . 6,320,609.00 | 746,199.00 v | Batter— wes. Sunt clerk; 3,262,000.00 bea i Ac transactions Ship News Tides in Seattle WEDNESDAY THURSDAY MARCH MARCH 15 rere First High Tiae | Firet High Tide 3:66 & mm. 11.6 ft. [6:29 a. m., 11.6 ft He Ba ttat | He paths || Finally Float the ‘idcond High Ride | Second High ide || Steamer Sagadahoc ~ #9 f.|/ With the assistance of two tugs tera ew ae || and her own engines, the Argonaut . | Line steamer Sagadahoc, which went | aground on Bell rock, Shannon point, near Anacortes, late Friday night, was finally floated at 11 p. m. Tues ~ ay, according to harbor radio re-|ryere—Per Tb... i. F He, porte: | Geese-—Dressed, par Th ft Tho Sagadahoo proceeded to Ana. |THKEY*-—Fancy. dressed cortes under her own power, and will ri arrive in Seattle late Wednesday, say the radio advices. | The greater part of the steamer’s cargo was lightered : Alexander Beck on Coast Trips The steamship H. F. Alexander will resume coastwine service be- tween Seattle, San Francisco and Los Angeles, effective from March $40,000, Mercer from ve been apy pruary ae € were forcing when ° some all the traffic and produc to a point where there were serious or era in might, even admitting dicated and expected. pro-| de of the next six prices iprovision, as you will see, en- ‘any well managed member r take its customers’ notes to reserve bank for discount. It “take credit for the proceeds of or it can get currency in mts only limited by tts eligible ) Therefore, the legitimate re- of American business be cared for by the banks times of stress as well as under pal conditions. Also, we have ty of currency to meet any de- and when this currency is needed it is retired by the re banks. member banks are authorized gun, drafts drawn against them 2 at . | ‘nancing foreign trade. . . federal ‘reserve banks have ished a gold settlement fund makes !t possible to transfer to and from every part of United States by telegraph tt the necensity of actually the money. This system is a national clearing house Member banks of the entire Minnville (0,000 schoo!’ pians $200,000 " 1 bridges, >. B. Bagley, board of publi , March 30, tunnel under the ah waterway. CTRIOAL AND | | | F || months. works, | This space is bought by the Great Norther Railway Company for a series of talks to its patrons, its employes, and the general public concerning transportation problems common to all. y, toard of public *lworks, 10 a m, March 16, 45, fire alarm boxes, Purchasing agent, a. m., March 2 bolts, track « ito. Pee LTRY gia Med, heavy 2:25 p.m, 14 ft os 10, Dida 10 , track Weather Bureau Report TATOOSH ISLAND, March 13.—# A. M. —Barometer rising; clear; wind north howe, ikea, 300 rolled ids 11 water de Jones, Ol district Seat . noon, askets and! secretary Arrivals and Departures ARRIVED—March 13—Str Brookdale Cows—Country, di atr Hactey e—Fancy bio -Fancy. ii Med, dtvened r, Astoria, , bids 6 p, m., March 16; pipe, fittings, oakum, pig lead, etc.; delivery wate: service boxes, 30 days. :e There is an old saying that you cannot hate a man when you are well acquainted with him. Let us get better ‘acquainted and cultivate good will. The entire business activity of the Great Northern’s territory is so dependent upon good transportation at low rates that no farmer or business man can afford to be hostile to the Great Northern. Every blow aimed at the rail- road, every act of the legislature imposing needless regulations or burdens of expense upon the railroad, damages other business and agriculture as surely as if aimed directly at them. What hurts them hurts the railroad, and what hurts the railroad hurts them, If their business is poor, the earnings of the railroad decrease; and if the railroad’s business is poor or if its expenses are needlessly increased, that is a double injury to other business: First, it stops the enlarge- ment and improvement of facilities necessary to fur- nish good railroad service when needed; and second, it makes higher rates necessary, because whatever increases the cost of producing transportation adds ultimately to the expense of other business. In the end, all transportation costs must be paid by the public. 5 AND STREET WORK court, Oregon City, bids 11 a, m., MD h Projects, grading, paving atr Admiral Dewe: 27, w % Geo, R. couver via Everett and Belling-| This Admiral ner, which makes Ore., bids ham, at 10:20 @. in. March 12—Str Ad-|the same time as the fastest trains O Chintin: cowl’ sla ghahes head ea pleting an overhauling at Seattle and grading, paving section will make her initial sailing from ot rom Alaska Vessels ei Prime lambs ket rom, Juneau—Mareh 10—Sailed, ate North- She reek: 4 he will maintain a weekly| Prime lam! CG E ‘wostern, westbound, at 11 p.m. . . open market provision of the Teserve act is a very {m- feature {n promoting our trade. It allows any re- ink to purchase tn the open bankers’ acceptances based Importation or exportation of County Ore., | ; weven | graveling and| Wheaton from at 6:50 p.m, SAILED—March 12—Str Saginaw for flan Franciaco via Mukilteo, at 2 a. m.; str City of Auckland for Havre via Ta- coma, at §:15 a. receive Funk, auditor, Portland, 10 a. m., March 14; sewers, | No, 3, Mar. (The next installment will hypothetical commercial thru the various steps Se the Ioan to pay- board of public 10 a. m,, March 16; Highland Drive, Wost Collego st. et al, grading, drain. ing, water mains, etc Anacortes, Wash. preparing plans city paving costing $115,000, M. J. Lord, city clerk, Kelso, Wash. bids 8 p,m. March 20; paving. City council, March 2 Yearlings Wethers, light Ewes . 2000 7.00 FLOUR AND SUGAR Wholesale Prices Vessels in Port at Seattle Smith Cove Terminal—Pier A—Str Han- ley, atr Willie A. Higgins, barge Wm. Nottingham, Pier B—Ste President Jacksor z 26th ave cs f Club Meetings i} $$ $$$ Alfred H. outing Gyro club on at the noon meeting of the club at Blends, toca Art leoal, 4¥', Art, local, bales Angar—Cane, per ow Beet, per ewt. HAY, Ma poetn py ¥r i | Alfalfa. Mixed Hay . Lundin, former prose- attorney, will address the “Community Service” Bell Street Terminal—v. 8. ln F Cedar, U. 8. 1. H. T, Heathei Spokane, atr Wheaton Grand Trunk Pacific Termin miral Watson, motorahip Pier 14—Str Maine. Pler 6—Str Montauk, Plor 6—-tr Wm. Perkins. Pler 4—Ktr Pier 2—Atr Victoria, atr Alameda. Pler B—Atr Curacas Pler D—Btr Quo: NEW STORE _ The United Furniture company, i ave. and Stewart st. has d up @ new store at 408-410 st, The company has been es- hed in Seattle for seven years, new store marks an expan- | into larger and better quarters, is growing,” said Albert jum, proprietor, “and we are this move to be better able ) grow with the city. ee d to Give Advice Canadian Credit LWA, Ont., March 14.—Henry , Of Detroit, is to appear before He Hiouss of commons committe on |My, fitreet Ferinina and commerce to give ex-| todd Drydo widence on the functions of credit. Ford's name was Spokane, Wash., bids grading and curbing Cin. cinnati st., sewers in alleys, Carli Jackwon and Montgomery sts. HIGHWAY CONSTRUCTION Oregon state highway commission, Herbert Nunn, engineer, Multnomah county courthouse, Portland, 10 a.m, March uoltio highway, Bugene to when, 4 8-10 miles, $120,000; City of Greshm, 1 milo, $25,000; Me. Konzio highway, Cline Falls to Red. mond, 4 8410 miles, $42,000; Roose. volt high fat Elk to Lamp ; Roosevelt highway, ach to Otter Creek, $200, 14-10 Jump.Oft. Klamath river, $8,500; North Redmond, $33, Pig'n Whistle Thureday, Jesse M. Warren, the new Gyro district gov- ernor fa preside, ERM ssc sn tees ee City Dellvery, Whol Barle; * Rolled and ground, Clipped, 100" atr Admiral Dewey. Pacific Const Coal Bunkers—Str Brook- dale, atr Owego, Pacific Coast Engineering Works—U, 8. ©, G. Haida, U. &. Shipping Board Moorings—Btr Teo- nium, str Anna KB, Morse, atr Silverado, str Crosm Keys, atr Delight, tr West Hartland, ate West Inou, str Walling- Financial Flashes From James Macfarlane & Co, 811 Second Ave. Sprouting, 100 Wheat—Recleaned foe Twonty industrials 104.22, up .40; | Wh rain Ca 20 rails, 89.06, up .08. dine! ¢ Good feeling is an essential to the success of all partnerships. This one includes not only the railroad and all the people along its line, but all railroad employes as well. If they will think well and speak well of their employer, realizing that whatever hurts one hurts the other, it will help amazingly to prevent misunderstanding and promote the welfare of both, Kuhn, Loeb & Co, offer today $31,- 500,000 Pennsylvania railway & per vent equipment trust certificates, at 99%, to yleld 5.08 per cent, te he Camano, ib sans 2 ch Feed- | Wheat Mp ut [pata tceememiomer arene New Bond Issues The National City Co, announces an issue of 7 per cent cumulative prior preference stock, wore A, 6 the Portland Railway, Light) & Power Co. ‘Tho par value is $100 a share, and dividends are payable quarterly. ate Craster Hall 100" Agato 1 000; Tamalo to Deschutes river, talles, $9,000, Bid Joo creek, $13,000. $41,500; Bea or Canal bend, $3,600; 000, ©, B. Bagley, board of publlo works, bids 10 a. m., March 23; Ninth avo, 8. regrading and paving, County commissioners, South Bend, has, accepted tho appralsors' rt on & Donahue road from Mo to Ilwaco, estimated cost + bids axked soon, 1. #, 0. 8 Dell 8, Burnside, Str Oduna, tr Boxer, atr Laibrloo, str HL. F. Alexander, Puget Bound Bridge & Dredging Co—str Blectric Storage Battery in 1922 earned $4.37 share on no par coms mon, against $22.63 a share on $100 Mill—Atr Ye M Hit ea) stock in 1921 no, M. P,, for Fast Calgary, who| Colman Creosote Works—Htr Hi. W. Dax- nding radical reform in the and banking systems of the rvine, ee Hefternan's Drydock—Motorship Oregon, ate Apex, U, #, O. & Burveyor, ‘Went Seattle Training Btation—U, 8, &, Eagle No 67 Alaska Steamship Moorings—Str Redon- do, mtr Valden Famous Players for year ended De. comber 30, 1922, earned $14.72 a sharo on common stock, against $19.01 in 1921, It will be our aim in subsequent talks to make these truths clear and plain to everyone. i Mortgage Burden VASHINGTON, March 14—~Mort- Indications are Stock regulation bills will be defented at Albany, protests against measure oxchange whalers Blar Now? yen totaling $7,857,700,000 were at- hed to the farms of the United in 1920, the department of ag- wiitive and the census bureau re- today, i Jed in mortgages with a total $1,098,970,000 and Iilinols was soo- “ th $602,660,000, eas wa $40 to $125 controln 100 sharen of any listed stock on N.Y. Stock Iox= change, No further rink, Move of & points from option price gives you iH to take. $100 ‘profit: 0, etc. Write for Free Circning. B PAnsact & CO, 00 Broud Bly NX, pouring in. to sermtors and party lines are split f New York stute budget for 1929 will total $149,076,042, a8 against 1,184,407 in 192%, for which direct tax will be needed, In 1922 w direct tax of 1,39 was levied, IN CONSUMED WASHINGTON, March 14,—Cot ton, exclusive of Inters, consur during Mebruary’ totalled bales, compared with 472,986 ba February last! year, the bureau announced today, 660,024 « for consus Et) dl 4 Olyr er 100 100 Rook, Soattle, ns f* mpia, 10 a. m, Mar ading, paving and de miles Kelso to Sto miles Stockport to preparing plans for Maury Lwland, fn ch 27, aining ekport) Cantle ‘Thos, Tt, Reoman, county engineer, $70,000 OUR BUSINESS IS YOUR BUSINESS LOUIS W. HILL, Chairman of the Board