The Seattle Star Newspaper, March 28, 1923, Page 14

PAGE 14 BOOSTS GOODS OF NORTHWEST Committee Supplies Needed Information The average resident of the Pa gific Northwest possesses a surpris- tag lack of jnformation regarding the things prodeced in our home ter. fitory, according to Joseph A. Swal- Well, president of the Union National bank and chairman of the Northwest Products committee of the Seattle Ctiamber of Commerce. i “There are several reasons for 5 this Jack of knowledge,” Swal Well Tuesday. “First, © per Sentage of our industries are leas 4 than 15 years old, while their prod. ucts are in competition with long es. tablished and well known firms. “Becond, they are not financed Mifficiently to permit them to en fage in extensive advertising cam paigns. “Third, our population is made up te & large extent of people from Pther sections of the coun who} Are inclined to stick to the things fm general use in the section from which they came. HANDICAPS MUST BE OFFSET “It is to offset th that the Northw Products cc Milttee of the Seattle Chamber of Commerce ts working. It is not a Bales agent for any indvidual or con cern. It merely seeks to create a} favorable sentiment towards the) products of our fields and our fac tories, and leaves to the manufac turer the business of creating a de- and for his products. “In other words, while we want to| _ Sducate the people in the outputs of their home industries, we feel that GO manufacturer {s entitled to pa-| tronage simply because his goods are home products. His product must be competitive in every way, from} quality to price. ple should at But his home peo- | least know enough at their trade. PATRONIZING HOME INDUSTRIES PAYS that, all other things b "> big factor in local welfare. | are some of the reasons why: ‘and increase their payrolls. mo tends to reduce the tax rate for business man and the ood environment for industry, and #0 encourages other industries to come here. “Te all boils down to the fact that Benefits the individual, benefits the community; and, conversely, what benefits the community is bound to help the individua: RESERVE BANK ‘LOANS LARGER Net Toans secured by government and corporate obligations, and of $49,- ae investments, as against a furthé increase of $97,000,000 in all other, mainly commercial, loans and discounts, is shown in the federal/| Feserve board's weekly statement of ‘condition on March 14 of 777 mem- Der banks in leading cities. Oweek affected almost equally hold- ings of government securities, which show a reduction of $25,000,000 and those of corporate and other securi- fies, which declined by $24,000,000, Since the beginning of the year “all other loans and discount. (mainly commercial) of the reporting banks have increased by $360,000,000, while secured loans have declined by $235,000,000 and investments by $79,- 800,000. Total loans and investments of all "reporting banks show an Increase since January 3 of $45,000,000. All classes of deposits show larger totals than the week before. Reserve bal- ances of the reporting banks show an increase of $40,000,000, while their cash in vault went up $4,000,- Financial Flashes From James Macfarlane & Co, 811 Second Ave. ee Twenty industrials 102.36, off 92; 20 rails 97.69, off 1.08. Tron ore prices for 1923 cents. Canadian Pacific from Janugry 1 See $32,451,000; inccrease, $1,5. up 60 P Philadelphia & Reading report for Year shows a two-month net in- crease of $4,389,239. Coppers showed weakness on an- mouncement that metal is being of. fered 17% in some quarters. Mlinois Central broke all previous Fecords for February earnings and brought net operating income for two months to $5,185,594, equal after all charges to nearly five months’ dividend requirements, Ameriéan Can declared regular quarterly 1% common dividend, pay. able May 15, record April 30. Directors of California Petroleum have decided to increase authorized common stock from $17,560,000 to 10,000,000, to reduce the par value of shares from $100 to $26 and to issue four shares of new common in exchange for each share of pres: ent common. TRADE TERMS CLEARANCE ‘ “Clearance” is , mercantile marine term meaning a permission from customhouse officers or immigration officers, or both, tor the departure of # ship from a port. it shows that all formalities have been ob- served and all legal requirements fulfilled. Foreign vensela must also be cer: fifled by the consul of the nation to which the ship belongs. It has given rise to the exprensions “oleared! and “cleared out,” used in sense of “lett,’ “It increases taxable values and | Hquidation of- $9,000,000 of | “It insures the propserity of those | industries, enabling them to enlarge | jy; pan | Goronsky | (foreman) | Wh @bout what he is producing to be|; ble to give his products a chance | Sep! “It should be unnecessary to ada |, O8* ing equal, | July. patronage of home industries is a |5*Pt a These | say mo man lives to himself alone. What | w, Liquidation of investments for the| | f | Batter—rxtras, NO. lL. WEAVING The making of fibre furniture ts one of the newer Industries In Be This from p to the factory t wh the is al © of fur ture rt re mills o at the ¢ i Fane Vv go Stupur s of furniture Frank hon, and Ge Practh New York S Chicago Car Lots Torsday’s Quotations Abed by Logan & Portland Produce Tuesday's Quotations Butter—43 @4 Egas—? ae Cheese—25 4 G2 dhs Hens— . . Denver hive Stock ‘Tuesday's Quotations Jo—Receipts, 700. Market steady a steady $4.60@8; San Francisco Produce Tuesday's Quotations Aico Ib; prime first 46e Ib. Egre—Eitras, 26%e doz; doz. Cheese—California fist Wye doz; undersized extra pulleta, pullets, 31 to fancy, 24e Ib. $1,805,341.95 | 756,208.37 | Minimum, 41. Maximum, 57. Portland Clearings . Balances . | | Total transactions .. Pa wes? New Issues Motors corporation 14% sinking fund, bonds, series "A," for a 10-year period, and aro offered first mortgage, convertible gold at 98,50, to yleld about 7.70 per cent. The bonds are redeemable in} whole or in part upon 60 days’ notice at any Interest date at 110 and accrued interest, and may be converted into stock of the coin- pany at the option of the holder. The bonds are secured by a first lien upon all properties now owned or hereafter to be acquired by the company. Colby & Dickinson, wholesale, re- tail and export lumber dealers, have moved from 345 to 426-429 Henry Business Changes building, C, W. Johnston, who has been with the Dutton Lumber éompray in Portland, has returned to Seattle, and is aswelated with the Cross Bodwe sumber company at 907-008 White building, Could Beat London as Financial Mart If the most were made of tho fed eral reserve wystem, a syatem of finanolal acceptances would bo ere- ated that would result in London bo- Ing displiced uw the center of for- elgn financing, sald A, KR. Trunx you terday, at a meeting of the foreign trade committee of the Chamber of Commerce, James Macfarlane & Co. announce | }a new iasue of $32,000,000 National | The bonds are FIBRE FURNITURE | ttle t. It pe ato a ¢ made a No » Nort rthwest prod T at ra ' tured tn the Northwest are mant tock M arket |’: WALL STREET JOURNAL sia EW YORK, March he rally ee ° © stacks point dN *; Pan yi \: N.Y. Central Chicago Board of Trade Foreign Securities ‘uesday’s Quotations ‘Tuesday's Quotations Furcished by Lee & Dryas aay BIO Becond Ave, Beatile “f Bo Asked May cies: ans ith this ies wats ues Hie july. 1st 4t0 1L6s t rf RE |aayecsse. , 10.89 yee y.. + 10,62 190.956 16.43 ety ee uu | sue cs : Cash Wheat Seis CHICAC Mareh Cash wheat t No. 3 hard, Hi9K@ * Foreign Exchange Tuesday's Quotations rey 14% tn Net The inspect 1 | J “In France, the people are in bet-|q lve = The inspection will be staged un- |New York, one of the biggest silk ter shape today than at any time | “ee “ ifs Ger the auspices of the Pacific ir shap today Fe a ty . e Canned: Fish. Brokers’ isolation | firms in the country; petition placed » tho war. They are working, |Belgian Mares—-4 ths. and up » Railroads Adding fanned h_ Brokers’ association, | aniitties at $9,000,000 and assets at | producing more tt they use, and | Tarkeys—Paney dp, #-16 Tha, 33 5 and promixes to be Interesting to| 15 99,000, te Jeaving the difference name in | Reseters—Ol4, live, per *) Record Equipment |«verrene in the canned fish business, [$5000.00 > | Liberty Bonds |true in other countri Choice, tant 13] WASHINGTON, March 28.—With | ™e Siberian salmon are from the Puts & Call | Tuesday's Quotations S$ RUHR WILL yllgarys taney #9@ 10/the revival of business American va Liverpool icsipioe’ teen fesse alls Furnished hy Logan & Tiryan ADJUSTMENT | Fancy, light ...ssceseceeeees 16@ 26) Tallroads have embarked on an| ¥! dei $40 to $125 controls 100 shares of ‘810 Becond A- Beattio ope gets back to| Mediu: tet 10@ .12 equipment construction program full any fede Finyiaye re: N. bg Sioa Ex- Berien— on on the out heavy, 160-200 Tha o°@ -12/ of promise for better transportation | American Railway association here | change. No further risk. Move of 5 | t heavy, 180-200 fhe. o7@ ot points from option price gives you ieee 24s the Huhr situation, It has wervice to the public, industry and | indicates that rolling stock additions | opportunity to take $500 profit; 3, |Second 4a ognized that th inal in-| POULTRY AND MEATS agriculture. to the lines this year will aggregate | $800, etc. Write for Free Circulai |Firet 43x vi10 reetment stipulated an imeL | Prices Paid Wholesale Deniers Data filed by the carriers with the | 3,000 locomotives and 125,000 cars. | R. PARKER & CO., 50 Broad St., N.¥. Hecond 4% 97.10 ‘i baeque: vom | DUCKA—Dreased, per Mb. ‘ a u |Third «ee hos possible sum, Subsequent changes | wens preased. heavy [Fourth 44 97.09 have been Ineffective and proposed| pressed. tight jetory 4%e 00.01 00.9 pha: have failed to gain unit of Live, heavy, w On a7 aT 4837 Reming 2 “J Live, light, Tb. approve Fryers. tone In entering the Ruhr, France | Geese per tb actical ia demanding assur 9 | Turkeys—Pan dremed N: Yi Sugar nal Coffee | pr Gert A wl Baird ogre oi ; jthat some reasonable -bass of pay-| airtel ive per ‘ty Sagar— refined, | Ment will x with compliance. In] pressed, per ia ee quiet; en | doing #0, she brings the wholo situa-|Cows—Country, dressed, toe .. bacchapg ve nc ht sl 18% @13%0 1: | tion to a focus, and, I believe, will Moms-—Faney Divo foe-ssse1 ald ExT Ets a iat hasten the working out of some prac-| "tedium, dressed. tical plan for a complete and satis- LIVE STOCK ‘ | factory settlement, tations at stock Club Meetings | It this is accomplished this year, |cettie-°™ oes The ttle Real Estate association |hotel Butler at 12:15 p. m., Thurs. day, March 29. A number of the | heads of various civic organizations Schroeder. Wool Holdi Steady on Boston Market BOSTON, The [local wool n “1 steady, Jaltho caution sppears to be a | watchword. There is a better do mand for fine wvola and operstion by local dealers are on the increase ‘in the W Some producers in Ohio are hold ing stocks of delaine for 600, altho sales are now being mado at 6%. Semo fine staple territorinin ure being landed in Boston at $1.45 clean basis, It Is clalmed that the unfavorable price wituation in Europe tf causing a great deal of wool to be ehipped to this country. fiveiioads 1 Rates Held Not Unjust WASHINGTON, March Rates on livestock in rloads between points in the territory west of the Missouri river against which the American National Livestock asso ation and other similar bodies pro: tested to tho interstate commerce commission are not unreasonable, unjustly discriminatory or unduly prejudicial, Leo J. Wynn,’ examiner for the Interstate commerce commis: sion, held today Jn a report of his Investigation of the cases, Io rec: ommended that the commission ap: prove his findings and dismiss the cane, Consignment of 16,000 bales Amur. {ean cotton leaves for Rowilae 'AMERIGA SEES FRUIT MARKET RAIL HEARING will meet in the banquet room of the| will be present, Tho program will| be arranged by R. C, Erskine, Frank Poor, cone and H, A THE SEATTLE STAR WEDNESDAY, MARCTI 28, 1923. Ship News ! Tides in Seattle WED» MANE Vir High IEW FIGURES — SHOW ACTIVITY Business Sets High Record, Says U. S. Survey IN PORTLAND Debate on Merger Plan Is Continuing HOPE IN RUHR SHOWS ACTION Business Depends on Farm) Few Arrivals In Produc Exports, Says Moody | Egg Price Steady | Mie “The stability of American pros-| Good activity on all commoditic PORTLAND, Ore, March 28 TON, a perity is largely in the hands of the] featured the fruit and produce mar-|Katlroad men, shippers and hea herund 1 at Peg ~ one ‘s recetved by n Rubr.” This is the tome of an| ket Wednesday. Many new arrivals s of Chambers of Commer . -? artment of commerce cor ddress delivered by John Moo were reported and few price ch gathered in Portland today to « Weather Bureau Report 46 to indicate record activity. The noted business expert and financlal | effected elpt of a carlond pt|the second Pacific Northwest } {IMLAND, March 2 Mt y rate of cotton production was adviser of New York, at & lunche fresh Mexican peppers bi ing of the tate commerc m Bar wind north-|even higher than the January high at the Rainier club Tuesda quotation ¢ at commodity dow niesion ¢ proposals for the con. | *** st | recor CORUM ION Ww nier clu! 1 y quotation on that nmodity down, | tates non pees for ae ie aitenlghe’ ‘Sdemaat “srithi ame dinauaial Moody, who was the guest of the |-rney had been smanding 28 to |Melidation of W i ratiroads into | Wileme arya Beattle Chamber of ‘Commerce @n4! 49 cents a pound and Wednesday's| “anne Coopertive sysiame. eee |" Wool! receipta af Masten ‘wee: the the Investment Dealers of Seattle, | price was 25 centa, Artichoke ar|, iu Tire hearing Arrivals and Departures | '«*t nince April, 1921, except f explained that the stability the | rivals were also increased and the!” rig nearing here at the) ARKIVED—Maren 21—Str 1. & d ms cotton at untry depended on the pr ity | F ' to $1 n frOM | aruitnomah count ine from ellie mi were th est reported for Ati) Ca a hothouse aapany | fore Commission are this season of the year since 1914 ¢ the farmers, that farmers depen 8 went down with the top price |tneey Meaty and ito, The dally rate of lumber produc largely on European markets, and centa, First shipments of |peimer, mominr of che t = in February was slightly 1 that the ab: of Europe to begin | outdoor rhubarb were recetyed also. | rectors of Portland Chamber ¢ fott fr than in January, according to early normal buy of American food The market remained ateady | Commerce seinen 6 of returns, but shipments of lumber wtufts de re 1 the out f and the butter market | cial rajiroad committe 5 > from the mills greatly exceeded pro- me of the Rubr situ jwas ou anged with a « ss | sent Portland's 1 for th 4. | at r n. BUSINESS ACTIVITY on of the ut k ' volume of bufléing contracts SWEEPING NATION | VEGETABLES one myster exty | oe Mar rde1 in February, contrary to. There doubt Paid Wholesale Dealers n the Pacific Northwest ¢ b SAILED nn expected seasc declin in, lustrial be nie bi “ fore creased in 27 northeastern states to 41,611,000 square feet buildings except tial and ed in this has ued into week of March 10 st total of building Alaska Vessels ny week eince July, Walter - fi str Als-| amounting to $78,411,000. toar Fr exten yt aged st ashi pe deed | The wholesale price index of the While many department of labor rose from 156 confidence in its r Vessels in ‘Port at Seattle | to: 107 in February, owing to the fight for large Increases in metals, buflding hern, Northe fic and Bur mate and clothing. Fuels de- ington ¢ group, the Ur lined. In spite of the shorter Pacific as an ' h, retafl sales were about the uke as the thir s same in January. Increased investment oceurred in | February tn life insurance and also in po&tal savings, which showed the first increase, after a steady de cline tn depositors’ balances since January, 1921. ‘MAKE BIG HIT WITH AD MEN The Seattle Ad Club was enter- tained at {ts regular luncheon Tues- day noon by the Westinghouse Eleo- |tric & Manufacturing company, with, ja lively program featuring an ex- | tensive electrical exhibit. Beauty and useftilness were com- | bined in the waffle tron demonstra. tions, at which waffles were made “while you walt” by Misses Minnie Elletsen, Esta Anderson, Mabelle , Ruth Henderson and Pearl tension ton BOARDS HELP REALTY MEN Folder Tells Benefits of Frequent Meetings terr PROSPERITY MUST BE SHARED EQUALLY “The real truth of the matter is that prosperity can be permanent unless it is shared by all classes alike, The danger in the present situation is that a largo class of our producers, the agricultural class, is not sharing the present good times, | » buying power of most} . ote Aa- Coal Bunkers—Motorship | NUTS Prices Paid Wholesale Dealers Almonde—1. X. La, per M 1s—Va., per Justry, iw 140 per cer 13, the buy e.'s Dock—Str J. A. Mot. inane referen DAIRY PRODUOTS Friees Paid to Bbippers Waterway Dock & Warehouse Co— ard meetings and Btr 1 Speakers on the program included Miles, E. G. Patterson, R. W. i E. V. Peterson and Miss A. M. Brueggerhoff. Musio was sup- jplied thru the program by Mrs. Lay |Mabel Mohrman's orchestra and, toy Mo, ¥-—Gehs. Womry 7: Wis |e Tay ara, Ruth Oobouine Borers who accompanies her songs on the harp. At the conclusion of the program, diaries were presented to the ad men® by Mrs. Bessie Ellis and Miss Mary | O'Neill. The meeting was conceded Benr oe. Motorship Oregon, Geo, B. Bil- | DAIRY PRODUCTS Prices to Metall Dea! al crea are not ok al Fvans aining Btation—U. & & neembers in. tion of common projec development of the pr “Frequent will “Maintain the interest of activitles jasm for accom 1 annist Nt amount of ite normal pur * Botter cubes | meetings of the board Moorings—Str Redon- the oc therefore ly on the financial and on of Europe. In n is full of barge Coqt ntimulate whalers Bar Now | ishment the committees to func economic re " this respect Salmon to Receive POULTRY AND MEATS andipessczyian ve |to be one of the most interesting of : _ POUL lems A a series of live meetings the Ad club Prices Paid by Wholesale Dealers 1 : : aga owen om they Comparative Tests} ies ven holding be remembered that Datter-Wash. crea bricks “6 will develop ai A comparative Inspection of Siber- -- tho real test of the prosperity of | yryers and oastere tive, th a ship; provide opr red salmon with Alaska, British | | Appoint Rectioce a ther ion of r nu # between members, jumbla and Puget sound pack: will | a nation lies in the condition ee i P i | its people, rather than in the A All members a continut FA, Gosse & Co, on for Silk Dealers state of ity national finances or Hy al course on real esta’ 0 p. m. Thursday, Judge Hands today appointed re reigned ceivers for the D. G. Dery Co. of its political complexion, 1923 will be the turning point to the | world's. prosperity. PAYS TRIBUTE TO SEATTLE have alway y concluded. “It exudes opti I am going back to ork, the homa of those provincial | people who can't see farther west hn the Hudson, and I am going to tell them, more enthusiastically than ever before, of the gr tion of the Pacific Prime ateers Medium to choice Feeders Prime c Ch Fair to « Ticket Office Locations April 2, the following Railway and Steamship Lines will open individual offices at FOURTH and UNION nd helfers . | liked Seattle,” at empire sec masta’ Bogus oneBall Gs. Checks Are Floated LONGVIEW, Wash. March 28.— Bogus checks bearing the name of | FLOUR AND SUGAR Wholesale Prices Diends, loca toe | Flour. | Blends the I fic Coast branch of the} | Long. Sell Lumber Co. and made out | Sugar- Cane, per owt. M e jon the Crocker tional bank at} Beet, per cwt Al k Ss h Cc lgan’ Francleco have appeared in gltarn ‘AND aska Steamship Co. HAY, Los Angeles, y 1401 Fourth ISB i ven eae td eee 6686 ‘The spurious checks are signed | "R, E Strong.” Beneath the sien ‘ . ture line the words “advertising| City Delivery, Wholenal G rng apart shook MORE, ya reat Northern Railway printed on a cheap paper, Mer. MONO ise Ganitline 2 Baar j AHURA CIT LORIANT Atha race oraerien pee et Fa 1408 Fourth Ave..................Main 6601 to watch for similar checks, peaked S16 cad Northern Pacific Railway T40(houbth Aves si rs. cee Southern Pacific Lines CUA WHMOMSU. cine bere ccieeare Union Pacific System 1405 Fourth Ave............. Effective April 2, Consolidated Ticket Office, 1010 Second Avenue, will be discontinued, and Alaska Steamship Company's City Ticket Office, econd Avenue, will be moved to 1401 Fourth Avenue, Reserve Heads See Increased Activity WASHINGTON, March 28,—In. creasing prosperity in business and finance In the United States was din. cussed by governors of 12 federal reserve banks at thelr annual spring meeting, Tho governors told members that in all reserve bank centers there were Indications of Increasing de. mand for credit along with larger production activities in all lines of industry, Wheat All-Grain Chop. | Chick Feed Chick Mav . Eliot 5580 with th ™ 100" no 2. M. ++ Hliot 1865 Tone Meal Hone —Granul Chareoal—-lardw Vinh Cann Grit—Limostone ... Granite, Meat Krape BELGIUM 18 about to float an in terior loan of 1,000,000, to carry on reconstruction work in ite ware devantated regions, owing to the fall: ure of Germany to pay reparations. .....Main 6988 AS IF the United States couldn't raino all the vegetables it needs—last year Holland sold 10,000 tons of to: matoes, cucumbers, eauliflower, on. fons, grapes, carrotg’and cabbage to Amorican buyers, Wantern