The Seattle Star Newspaper, March 23, 1923, Page 20

SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, FRUIT-PRODUCE Rocky Mountain State FIGURES SHOW ACTIVE TRADE Increase Seen in Output of Basic Products WASHINGTON, March America’s shops Continued to he 2% Prosperity, tho Announced to. survey. 4 Suiputs of basic comm 3 d over those in Jan Zz @n exten that the tion system has beg Bhow signs of greater for some months past Met car shortage at the end of ry was 6° " with 45.000 uation of « Pinon, lumber and oe the January re 3 im February in lr r With railroad equipmenr j % Buch as motives fon, fabricated and oak flooring, N number the me January. Bullding contract ‘ | Fe amounted 41,61 feet, showing an in AP over January in place of the expected Seasonal decline Retail sales, according to the de partment, kept up to January's mark during February pri @eclined during the month. Wholesale price index adva PROFITS -ARE GROWING Business and profits of th Gated Bell system continue to | & @s shown by the statement of (American Telephone and Tele @ Co. for 1922, says the Cham ber of Commerce committee which Is at information In support of for the reopening of the | Telephone and Telegraph Co. | case, | Petition was filed with th @epartment of public works ist week. The American company Parent organization which con- ithe Pacific Telephone and Tel- | h Co. and mills in Febru n with the tons at the ¢ otton ¢ were, of . grea’ we to tho statement shows total operat eFeyenues for the year of $546, 25 against $497,088,283 for and a surplus, after dividends (26,317,543, a5 compared with $19,- the previous year, At the 1922 surplus and reserves Wat $563.682,713, as compared $506.12: Information that the commit Asembling will be used at the ing in the event that it is d by the department of public Financial Flashes James Macfarlane & Co, 811 Second Ave. Aty industrials 105.23, off .15; fis 89.67, up .07. authorities are looking for jee of 50 cents per ton tn pote prices about April 1. ht car loadings for the week fed March 10 totaled 905,219; de 13,000 from the previous week. , 794,333 over the corresponding Week of 1922. teading declared regular quarterly | 1 cent common divi 4, payable | / 10, record April © California Petroleum earned $16.72 concern to end Brooklyn d Transit recetvership and spend of the 8 per cent convertible of the Int. Cament corporation 6 been converted into. common €; original Issue $1,500,000. of the Great Northern at or are planning to handle 16, stons‘or iron ore during the ig year, an increase of 5,000,000 over last year. eign and domestic demand for 'F continues in good volume with firmly established at 17 3-8 Mts delivered to end of June. Cop- @r fs obtainable at this price from sev agents, with some making and smaller buyers cording to car service division of American Rallway association, s railroads of the country now More equipment on order than ever before. Between January 1 and farch 1, 1922, carriers of this coun- y placed 25,866 new freight cars “service, while orders had been wen for delivery of 102,012 addi- Willis H. Booth, New orker, shown above, is dent of the International Chamber of Commerce, which 48 holding sessions in Rome. f re} 16 at the end of 1921.| 174 | | Stacy Street Termini New York WALI NEW YORK i cmt nm Chicago Board of Trade Thursday's lone low }« May July Sep wa 1 May Py . Chicago Car Lots ‘Tha.vday’s Quotations Pernished by Logan & liryen B10 Second A’ Beattie Corn Bartey He ry | Sheep, Cash Wheat CHICAGO, March 22.—Cash No. 2 oy Portland Produce ‘Tharsday’s Qootations Butter—41 @ t4e Id. Fggy—21@ t4e doz | Cheese—24 @ Te Ib. | Hens—20¢ ——---—-—X BANK CLEARINGS | | « $6,472, 083.17 | seers 1,996,858.08 Portland | 636.00 | | Balances ..... . 5,395.00 | Tacoma | Total transactions ., 3,281,000.00 * ‘Ship News Tides in Seattle | YRIDAY | saturDay = | ¥i MARCH 24 yi pact sat t High Tide | First High Tide 2:56 p. my 1.6 ft. ] 3:46 p.m, 1.6 ft ae First Low Tide 7:57 a. m., 10.2 f. 19:36 a om, Of ft Second Low Tide | Second Low Tide | | Second High Tide » 10.0 ft.) 10:67 p. m., 9.9 ft Weather Bureau Repo TATOOSH ISLAND, Mi RA nr iW. Daxt Canadian-Aus an freighter, at 6:30 a. Say wtr Nome City; at 6110 6. tm. PORT ANGELES—March 22 —Arrived, str Santa Rei Nome City, str Meriden, eee Arrivals and Departures ARKIVED — March 22—Str Quinault from San Pedro via San Francieco, at $:15 a. m.; str Meriden from fan Pedro |via San Francisco and Port Angeles, at 10 a. m.; str Northwestern from South- Western via Bouthonstorn Alastcn, at 6:30 a.m. March 21-—S&r Pacific from Balti- more via ports, at 6 p. m.j str Protealiane from Vancouver vin Union Bay, B. 0, and Tacoma, at 6 p.m SAILED—March 22—Str Protestiaus for Manila via ports, at 2 m m.; str Kage Maru for Hongkong via porta, at 10 a. m.; atr Toyama for Tacoma, at 6 a, m.; B.C. B. Deliwood for Puget Sound Naval Station, at $a. m. March 21—Str Rainier for San Francisco via Port An- gelen, at midnight; str Thon, P, Deal for Boston via ports, at 4:10 p, m.; str Stan- wood for San Pedro via Tacoma, at 4:16 p.m; str Rane for Ban Pedro’ vin fan Franciaco, at 9 p. mt; str Ibukisan Maru for Kobo via Tacon and Yokohama, m,.; schr Camano for Buckloy 0'p. tn ie Vessels in Port at Seattle Smith Cove Terminal—Pler A—BStr Wile Mo A. Higgins, barge Wm. Notting. ham. Pler B—Str Kagn Maru. Boll Street Terminal—Cutter Algonquin, ach Spokane, achr J. D, Peters, str Wheaton, Pier 11-B—Motorship Culburra, Pler 6—Str Jetterso: Pier 2—Str North Pler B—BStr Cura Plor D—Atr Quee Pacific Coast Coal Bunkers—Str Owego, fic Const Engineering Worka—U, #. tern, atr Victoria, 0, att Cold Harbor, !—Atr Pacifico, U. BG. #, Bure veyor. East Waterway Dock & Warehouse Co— Btr Lubrico U, 8, Bhipping Board Moorings—Atr Tco- Hartland, otr Drydocke—Str Norer, velor, wtr Hh Ay, sehr Zaporn Chaliambra, U. 6, 1. HL Puget found Hrldge & Dredging Patternon | Harbor Istana Dook & Warehou ¢r's)—Str President Jafteraon, | Amos Shipyard & Terminal—Str Sagnda- \ "hoo, ach Geo, H, Billings | Nettleton's Mill—Btr Columbia, atr John | 6, Kirkpatrion, Wert Beaitio Training Btation—v, 8, 6 Hagle No, 67. Hetternan's Drydock—Motornhtp OreKon atr Delrosa, wtr Admiral Kvana, sche Wawonn, Strenm—Buoy No. 6—Aohr Henry Wt, wite non, Alanka Bteamship Moorlngn—tr Nedon- do, ate Valdes, Winslow Marino str Com- Alexander, motorship Cedar. Softer (tah- Taltway—tr Caenar, barge Coquitian Gi ty, Tutt, Btar whalers Now, ' Close Foreign Securities Thureday’s Quotations Fornished by Logan & Bryan S10 Becoud Ave, Beattie id Asked Foreign M oney Status q as Normal ane Denver Liv reday's Quotations San Francisco Produce | Thurela: Batter—Extr New Issues Dillon, Read & Co. $2,000,000 issue of & per c loan bonds of the North Joint jock Land Bank |The “pe | $10,000, |March 1 and September | ‘Tho bonds aro dated | 1923, and are due March 1 |deemabie on or after M. }at 100 and interest ri | Of $3,760,000 first n serial he Sele coupon t jeured by restden hotel fat | The bonds, mature in three to 20 years, constitute a direct cloned |first mortgage on the land, bulldir furnishings and equipmen A are} |the direct obligation of the Belmont Hotel compa: IPLATTING NEW HOME TRACTS) Two important new developments are announced by Kt, C. Erskine &| Co. Within the next 30 days they will] put on the market 209 tracts of Innd two miles north of the Univers reached by Victory ¥ The aver. ago nize ia 75 by 1 and they | are supplied with water and} other conveniences, | Another tract being prepared 1s an | addition adjoining Mt. Baker park, | comprising 200 city lots, Contracts for che Improvements are now being | let by Reltze, Storey & Duffy, eng neers. city Sonneborn Sons to Enlarge Quarters L. Sonneborn Sons, Inc, of New York, manufacturers of paint spe-| clalties and chemical compounds, who about a year ago opened their Seattle branch, are now moving into larger quarters at First ave, 8. and Dearborn st. 1, H. Friedman, local manager, on a recent visit to New York persuaded the officers of his company to In- crease and expand their business in Seattle and vicinity, As a result of hin visit they have arranged a pro- gram to spend $100,000 in the North. west in the next ‘five years for tho future and development of their bual- ness, Wool Buying Shows Increased Activity BOSTON, March 23.--American wool houses are buying more freely in Australia and there aro reports that local houses are contracting more freely in the West. The American Woolen company {s operat. ing freely in wool markets, and be. cause of the more favorable exchange outlook, Wrance and Belgium were good buyers yesterday at the Lon. don auction, Rusia has prohiblted exports of wool for six months, Thanks to American misstonaries, such American frulta as apples, pears, peaches, chorries, plumn, grapes and strawberries, are now being grown In paying quantities tn the Tientsin district of China, The Chinese government Ja spending con- siderable money establishing experi mental frutt nurseries, e Stock le for subn jalready sEATTLE Stock Market| SEES DANGER PE 2 a A pA ete STAR IN HIGH COST MARKET LIVELY) Inflation in Construction Would Cause Slump BY HARRY HUNT SHINGTON, Mar the g GAIN IN SOUTH AMERICA INCREASE IN 1 I nd other # workmen, for w May 1 increases effective actual slump be STATE TO AID =. BASIN PROJECT - Will Co-Operate With U. S. Columbia Commission I» tt on "Tho state ts the work of put Colu: ba s data on the into shape federal com missio} nt of the com mission, Tt state service will mtand ready to ald ina desires, a at tho req stated Director Scott manner which the commisison but the investigation ts a mattor for the commisison alone, and the state's activities In connection with It will be confined to reques tion.” HEADQUARTERS la probable that the fede: mission will establish headqu offices in Spokane, and the state ree ords will be shipped here, that they may be easily accessible to the com. mission and its engineers, SEED TO BE DISTRIBUTED Not in excess of $100,000 of the $250,000 seed appropriation of the t legisinture will be used this year, according to director Scott. Douglas county will rocolve soed for the planting of approximately 15,000 acres; Grant county will ro- celve about the same amount, while | Adams, Lincoln and Benton counties have applied for smallor amounts. The bill provides that individuals whose prospects for crops warrant | Alfalfa Mixed | Straw. aN City Delivers, {t will be supplied with $20 bushels! of seed wheat. Postpone Hearing on Packer Merger | WASHINGTON, March 22.—Secre tary of Agriculture Wallace today | granted the request of Armour & Co. for a postponement of a hearing on complaint of the secretary that tno| Armour-Morrls merger will violate ti packer control law. The first hearing will be held in Kansas City on April 80 Instead of April 2 In Washington, as originally ordered, Later hearings will be b at Omaha, Bast St. Louis, and Washington, Tho prelimin hearing to be held here was ellmi: |! nated, and thus a final declainon will be arrived at Just as promptly as un. der tho original procedure, Wallace's office stated. Now construction work now under way will give Otls Steel an annual enpaclty of 641,000 tons $40 to $126 controls 100 shares of any Hated atock on N, ¥, Stock Wx change, No further nak, Move of 5 polnts from option price giver you opportunity to take $500 profit; ¥, $300, ete. Write for free clrowlar Na Important Changes, But|Babson Sees Beginning of Cw Trading Is Good Is Sprouts beage p ve iflower Ca MOUN HAVE Vrices Paid Wholesale D: x. 1 DAIRY PRODUCTS Prices DAIRY PRODUCTS Prices Metall 1 m POULTRY AND MEATS Prices Paid by Wholesals Dealers Batter to Shippers A Roasters 1 better Turkey» Due Hen AND MEATS Vaid Wholesale Dealers POULTRY Price ke Turkeys-Far 1 Beet D Cow How Veal | cant Ye Ww. ba Flow BI Ar Ar Sing Be Bark To cu | Corn Cr 8p Whe: | Growing M ' | |Serateh Feed Whe Co Soya Fish Grit or Ment sect 19: reco! ing will R, Parker & Co,, 60 Broad St, N, Y, iV ee pe - The motor Industr: [oat J output, predict beyond the first year, but these figures indicate that jan Hares aned, per —Fa Fa STOCK Quotations at Stockyards i arlings ethers, light... wen FLOUR “ + 2.00@ 7 AND SUGAR 0 Prices r 40's, bbt ends ‘ t, te t, te r—Cane, per ewt. . ot, per owt May ley —Whole feed, 100 allo and ground, 80's pped, 100° , Whole,. yellow acked and ford | Onts—Whole, food Trolled and. «rou 100°, with Th 100'n 100°, no Th 100’, no TM 100'" wt—Mixed feed, anut Meal Maah 80'n [Cottonseed Meal Linseed O11 Meat | Alfalfa Meat Hean Meal Hone Meal Grenulated ... conl—-Hardwood Meal iia Limestone .. aNItO verses ‘ Sraps—Bastern .. was never in ronger position, Despite a record demand 18 heavy from. all Manufacturers hesitate to half of the} fons. will not Only break production rds, but that profits, unless ris. | costs tend more sharply upward, be unprecedented It {9 aald California will produce 200,000,000 barrels of oll In J#"* + DIFFIOUL MINING Dt FORK BETTER TIMES FRIDAY, MARCH 23, 1923, Building SPOKANE RATE. FICHT COMING in Transcontinental Freight Bureau Asks Cut Due for Better Times tecovery Mining Territory “Personally, 1 am distinetly bullish on the copper situ and believe that M other copper districts will show the greatest percentage of in 19% over 1921 and ny sections of the coun. The same th nly to a lesser extent, si apply to the cattle and p business.” CITIES snow BETTER BUSINESS in freight bureau is cation to commission er cent | ‘ommerce on of NO PROSPECT rm. OF COMPROMISE 1 no prospect of a compro- t nd th in Ford, termedigte rate aa CITIES SHOULD DIVERSIFY INCOME TAIN STATES TLES REDUCED WOULD It i that “Phoenix is a very good illus tration why every clty should seek to diversify its sources of income. Am steamship combine {n tendant increase st to coast, but other litt Butte at Falls Mont; Bole Provo sion w able 1 give the rallw reaso profit.” The Paul announcement will be considered at the next meeting of the traffic bureau of the Chamber of Commerce, and the preparations for | co-operation from the Inland Empire with the intermediate shippers’ asso- umbering re que ation made. ‘FARM LABOR | CRISIS SEEN LINCOLN QUARBERG ~ Mo., March 23.— an farmer, first to be hit riod of depression, will be line receiving benefits of ng prosperity. ness, riding the prosperity draining the labor market, ft | th y set uns all ar the farmer will be short of hired uo of the lead-|by applying religion to ry-day |help for his spring work. ineral products taken out of| work, What these faithful Mormons| Thig was the farm labor situation nd in Me a in 1921 was|have done with the desert sands of | at the opening of spring, as summed 2,000, compared with $65,-| 1 ) shows what can be done with| up by George BE. Tucker, field dire 1920. Greatest all these Rocky mountain statee {f|tor of the United States farm labor the mining of silver | people are willing to apply the same} bureau in an interview here today. ad orer. ne thrift and the other funda- t for alf of the non-| of prosperity.” S DANGER IN becoming distributing cen ters, und in all of them there still are opportunities for men who have the Six I's of success: In- tegrity, industry, intelligence, : of| Initiative, interest and inspira K r mark v en for coy lead | one may differ ulted in. th The va per with th cloning example activity again approaching deflation. He still § Insists that the pertod of readjust INCREASING PRICES ment is only about 60 per cent com When asked gené¥al busi-| pleted, and that any attempt to run hess conditions thruout the country |up prices any higher at this time whole, Mr, Babson stated that) would result In curtalling many in- beonchart shows activity 6 per | dustri He is not quite} (Next week Mr. Babson will {s- a fe sue a report on the conditions in the Pacific coast states.) metals ental tendenc demand about the E bove normal months | Let Your Children Ring the Old Liberty Bell! KLE CGE K Ringing the Liberty Bell NOW means YOUR independence in future years, All Liberty Bell Depositors should attend to making their SECOND DEPOSIT, if they have not already done so, upon accounts opened during the ten-day cam- paign in October, 1922, when they received a credit of a fifty- cent bonus, subject to the rules of the campaign, which provided that an additional deposit must be made within six months, end- ing April 16, 1923. THe SECOND AVENUE at COLUMBIA