The Seattle Star Newspaper, April 9, 1923, Page 12

§ of ct PAGE 12 WILL SPEAK AT se MEETING atil Hitt le Sends Delegation to} National Convention || | t Seattle convention of Seven promine men will attend the the National Foreign Trade Counct at New Orleans May Sand 4s Pepresentatives of the Seattle Cham ber of Comme Included in Uy Humber are J. A, Swalwell ident of the Union National bank, ar H. Howell, president of the Seaooard National bank; William Pigott, | chairman of the board of directors ‘of the Pacific Car & Foundry Co.; W. ©. Dawson, president of W. C. Daw- gon & Co.; J. P. Hausman, 9 George 8 Bush & Co; Lewis, secretary of the Ma ers’ Association of Wash B. J. Koors, representing t portation club, Among the Tepresentatives will be EP. Kern secretary of the nam Commerce. Special recognition has b the Pacific Coast on th program, an afternoon set aside for ters aff time J. P. spokesman f: delegation will be jc and San Fran by the from those cities and all will to New Orleans in a body ‘The Seattle delegates will present this city’s claims th tion, which ts suppo cities of the coast. The de! the annual convention numbe 3,000 presenting, banks railroads, steamship lines, manufacturers, porters and exporters and others in Aerested in foreign trade. Airplane Tal Tacoma Ch n given nvention been ned at deleg } OLDEST COPPER PRODUCING COMPANY The Great Copper Mining Co. perhaps the oldest industrial corpor- ation in the world, It has been pro ducing copper steadily for the last 700 years, says Victor Freeburg in his article, eneitled “Sweden's © tribution to Civilization” in The Bientor for April. Thru output ‘of this company alone, Sweden was able to surpass every ot in the world in the p copper during 1th SKAGIT Is is | The Skagit valley is one nation’s greatest centers of production and this department rapidly growing to be an importan Pactor in the agricultural industry 3 of the state. not only from th © actual revenue it brings ‘ts produ ie > Fevenue for S for the purpose of ac and | ers but because it supplies _ tlimated seeds for farmers Valley Basociation is pm posed farmers who have been fh seed growing and have improvi Stock as well as of securing a b themselves frot | | ; agit | organized ¢ the tt stocks. BELIEVES IN * it encourages them to bett f BON S PLAN Bonus stock v has been awarded 1. Du Pont-De Nemours Co its prede- fessor since the inauguration of its ‘Honus plan in 1904, This is an aver: fige of more than a million a year. ‘The president of ’ Trenee DuPont, says: “The company regards the boi plan as of inestimable value; it i Wards those of the employes deserv {ng tnore than payroll compensation; effor ‘and retains for the company at high- | €st efficieeny the best men in the in @ustry; it not only encourages and| Facognizes good service, but it takes into partnership those whose efforts | make the corporation successful. 999.50 the compa Financial Flashes From James Macfariane 3 Co $11 Second Ave. Twenty industrials 192. 20 rails 86.55, up .47. » Subscriptions to French treasury 6| Vietory 4a. cent bonds expected to reach | 7,000,000,000 francs, | Hudson Motors net $7,242,677 tor) year ended November 30, 1922. Hup Motor: net profits were! $3,763,983 for year ended December 21, 1922. Bradstreet reports 55 business | © failures for the week, compared with | assign 380 last week and 473 the correspond- ing week a year ago. Southern raflway system's earn- {ngs for the fourth week tn March Were $5,739,335. Northern Pacific's earnings for the fourth week in March are estimated at $2,507,000, an increane of $111,000. | March | Mother Lode Coalition's production was 2,576,219 pounds of copper versus 2,109,144 in February The postoffice department esti | Mates $100,000,000 were taken from 600,000 persons by swindling oll stock promoters in Texas in five years, Dun’s figures are reassuring; they of speculative tendency of overex. pansion. 4 Business Changes \ Fe ereseretaeeeenesteeeenteeted | A The Bahamas Cuban Co., lumber exporters, have moved to 5655-57 White-Henry-Stuart building. see The Olympic Fur Co., successors _ to W. Il. Hahlo & Co., have moved {nto their now store at 408 Univer sity st. H. W. Flynn and R. BE. Flynn will manage tho new store. TRADE TERMS EVEN DATE “Sven date" te used in business meaning “present It {# used in referring to a letter received on the same day, as “Kour letter of even dato,” oN ee | | Increased conservatism of | business circles against a recurrence | business | ts | Hight receipts and repo t | farm work, the reault of Seattle I s F NO. 1L—WESTERN I the tent om its own eel Co. ed by mythe 6 with hres fire al pho ash newed | v3 Marg » asphalt pre of the charred re par ma. ely the same WALL SThee NEW YORK, April rahadowed by Secr tax rates and the liftin Industria ke TOUTIN her ne Mel at stimulated tax would 5 4 by § » taxa raile « York Central, Telegraph & T land, oft GRAIN MARKET | CLOSES HIGHER t%, off CHICAGO, Aprit Joaed higher on the Chicago board of trade today, Continued reports of ¢ damage strengthened wheat prices, The ed an incti- nation to await the government re port to be issued Monday. Heavy snow storme | Northwest ¢ tinued with abo: foot All grains on: the naid part sat of the | Reports from the Argentina dec farmers were holding «rain. strengthened. due to 8 ¢t delayed eanonn~ ble weather. Feeders’ demands were axing and salen to the South- west reached new high premiums on the crop. No. 2 yellow corn sold at £0 cents for the firat time in several years. Some expert inquiries also were evidence. Its dipping pl n’s Growing! IPE & STERL TOWER enix bas no corne fe on the art haw been proven by th nt, with today it is rebull of Mar former nt go aT FINANCIAL ver the wee ea for atrict n the early aultin the ah nto general f the Indust entral Crucitle, n- Ame aft ThVInw end was fuck a further re m bu ings by ah pe of a huge al leade Union xr ne fre Pa up. an lidated Gas, ¢ Pacifi oft lair, 37%, Up % an Smelting, 64%, %, up THE SEATT LE STAR MONDAY WILL DISCUSS — STRAWBERRIES =New York Exchange | transportation jdown to ing Weatern | | nemt | mpletel Hethieh rican| 7 Mar-| | N. Y. Stockh Market fatarday’s Qeotations Purnien, : by Legae & Bryaa ay Bewttle low ” Associated Dry Geode 44 ue Chicago Board of Trade} Satarday's Quotations Wheat— Open High Lor Mt 2 $142 $4204 11 119M 120% 1 RATN 119 ot ’ Norntnal 10.50 . Chicago Car Lots Saturday's Quotations Worsted by Legon & Bevan 810 Second Ave, Seattle wee 10.50 10.45 Gratn— Wh Corn. Cate. Rye Barley Hous eatimated, lef? over, 7744 009, Recta Cont, Beta. L1.7v. at HH “ 7 u " 0 000; lant year, 4,000 Cattle, 1,090. Liberty Bonds Satarday’s Quotations Furnished by Logan & Bryan 810 Second Ave., Seattle High Low 101.04 101.08 Close 101.03 pte 0 | Becond 4 UP 34; | china sie 98.19 97.30 100.01 Fourth 44s . 95.09 £109.01 99.08 100.64 rood CP abate 9.03 roe Denver Live Stock Saturday's Quotations Cattle—Market addy Stee cows and hellers, 44.5007 and feeders, $4.50@8; calves, $11.50. Hogs—Heceipts, 190. Market to be Tower. Top, $7.90; bulk, 97.8607 90 Sheop—Receipts, Lis. Mather steady Vambe, $21601478: owen sene® $5.26; feeders, $1 @13,7 Tres N. Y. Sugar and Coffee Saturday's Quotations Bngar—Stronger. Raw, $7.47 stronger: granulated, $9409.25. spot, 12@ 126 Ib.5 14% @16% 3709.2 stockern 4.500 refined, 4 Santow: Portland Produce Saturday's Quotations Butter—42@ 470 I, dor. @ 290 Wb, Hens—20@ 240 Ib % : tele op BANK CLEARINGS Seattle | Clearings . 1,273,979,95 Balances ... 7 Portland | | | | { | Clearings Balances . és 478.70 | 592,748.68 | ” Grain Is Bulk of Present Exports | NEW YORK, April 9.—Grain and grain products composed the bulk of food products exported from the United States during February, the department of commerce announced today, Animal fats and oily rated second in importance, succeeding meats, which hitherto have been sec. ond only to grain, Values of the ox. port commodities in February we given by the department as followa: Grain and grain produc 4 2) 159, against $31,589,867 in Fobruary last year; animal off and fats, $12, £46,778, againat $10,446,087; meats, $12,600,082, against $11,083,105, 99.02] Suger s an Cuban Amer | | |\ ‘do va | Tab. Consp. | Dupont | Dupont Dr Chemical | Dome Mines | Det. & Hudson De Beers | Det. Lack. & Weaternt Storage Ha Northern pfd.. f Btaton Hteel nby Hidated General Asphalt Green Cananea Hudson Motors General Tan Inapirati¢ Intl, Paper }intl, Nickel Invincible Ot} K. ©, Southern Hy Springfield Kennecott Keystone Tire & & Kr Lee Tire | Lehigh Loew Th Lima 1 Loowe Wiles | Marine |. ao pra. Mack Truck ; Maxwell Motors A | dob | Miamia Copper Middle Staten Olt Foreign Money Status Saturday's tions Furnished by Logan & Bryan 410 Second Ave,, Benttle Present value | Normal value | $4506 $1.00 19.30 19.20 19.30 19.30 Sterling Canadian Freneh franc Belgian franc + fwian franc sHtalian lire +. German mark, 0, fwediah krona. Norway krone «Danish krone Greek ‘ets oun ta ote. ota... ott ote Saturday's Quotations Stocks an on, an 5Me, ain 4m, 1919. Currency Franch ¥renoh 48, Heitish 5 Hirltinh Britian Gm, 1929, British Victory Hiritish Tet, 4m, Heleiumn Restor. Helgi Premium, [Muntoh ba yes Frankfort 40 Wo Anes Tapanene int bn fapaniene and 4a nited Kingdom. 6° United Kingdom 6M, Ttalian von Wis se aeoe 1986s secves 1 iat 1917 1922 1927 + o2 2 M4 “108 4 jodi, 1987, NW YORK, jmFor change opened mtendy, franen, $0,0002; lire, 12,092 to the dollar ntendy, Bterlin) April The mark 398M ote drachma, .. Foreign Securities Fornished by Logan & Bryne 810 Becond Ave., Beattle st 10. 10 aM om Foreign Exchange Atoriing, 40,0486 '% 5 $4.00 %) franun, $0,0081; Clos. m4 16% | iy! the National Commerce Meeting Will Seek Solution SHINGTON, April takes @ large pl nation-wide discussion of tr tie plar eleventh Chamber Staten Speaker tional WA financing . nh problem: rs annual ow of Commer New Ye s of national reputation ting of the during Ma int talk matters bef The finance lem of the railroads, however prob. get neral seasons, brass tacks in t oup meeting — where dit Requirements of heads the list of r u "Cr the Rail atters to be taken In a tional Ch ent ent at nber’s Washington Elliot 1 vice ent, sald t f nference ward nat tution” diffiontty head quarters ident pres the « Goodwin at t s for transportation uctive rr before congr ag nd ne giving toa thetr nt.” Go trade wi no t ! ache ttal new 1 imp up the ape o 4 operation 0 New the ra turn act the d extension an oveme <iwin goverr will be Hoove ad an Propoan n of red rates be mubsti mt am with itage mett reductio of much a plan in te carefully in New York The tax exempt securities question » will be taken up by t group at New York with » t contin x the 4 th In that effect of recent n will be program. legal field also on t |Missouri Planning on ny ay oy ry 744 as hy Hy ‘ By a ma! rr) 16% 4 my a4 120% ay a | % us +4) 132%) a | 1% 0047 % ot 26.67 tn MOT ote 07 cts 1.20 ots Asked | 4 a 4 io 41%) 60% 100% a Me % % olen ane H4.06%) Lire 40,0400) marks, 20,949 to the dollar, i Pler | | Toda Big Road Program LOUIS, quired of em mileage Work of from $25,000,000 to $28 000,000 is already under contract The atate’s effort to pull out of the mud fm @ herole one, In the past five years It has averaged only 03 miles of bardwurface roads com-| pleted each year. At that rato It would have taken unt!! 1999 to do/ tho work that will now be completed by 1928 under the new rchedule, | Ship News Tides in Seattle | MONDAY TUESDAY AFRIL 9 | arn | Piret Migh Tide | First 2:30 « 11.0 ft. | 1:88 « iif First Low Tide First Low Tide [4:20 wm, 6.4 (1740 8. me, BT ft | Secamd High Tide | Second High Tide f 13:4 p.m, 84 ft Kecond Low Tide Weather Bureau Report TATOORIH IRLAND, Ap 1AM im ' out, ote irem, OC 8 a. tm. 0198 A, 3-Outward vound, ‘the Ba ur, 7 h Arrivals cad Riese | ARMIVED—Aprit 7—Atr Dorothy Alex | taean Maru fro Mureran via ports. at tie a. mr aed. As Moffett from Rich-| code at 4:06 6. ma, April 6-—atr Ken-| a eae p. air} B, « Str Alameda a . Southwestern via Ho Alaska, at Ba. 5 Kowthweatern via Houthe: m.; motorship via Hal for} sthewat rive for Tacoma, at & p. Alaska Vessels April ¢—Salled, str Northweat thbound, at 7 @, m. . Vessels in Port at Seattle | Smith Cove Terminal—Pier A—Mtr Fuku Maru, barge Win. Nottingham, «tt Wil | lie A. Higgins, Pler R—8tr President Grant, ate lyo Maru, sche Minda Bell Atreet Terminal—Bhip St, Pa Valder. Pier 11-1—Str Owego, Pier 11—Bohr Chas, H. Wilson. Pier &—Hchr Fanny Dutard. Pier 2—Ktr Jefferson, mtr Alameda, sir Latouche, atr Vietoria Pier 1—Str Walter A. Luckenbach, Pier A—Btr Admiral Rodman. D—8tr Dorothy Alexander Unien Pacifio Terminal—str Ketohikan Pavtfic Coast Coal Tunkere--Bhip Ben). | F. Packard, barge Ylwell, bark Ori- | ental, U. a lH. T. Cedar. 8. Shipping Hoard Moorin n, wir Anna He. Morne, at Delight, U. #6. G. Halda. 4 <tr Too: liverado, ate Wert | Connecticut Mtreet ‘Terminal—#tr meretal ‘Traveler, atr Montgomer Atreet Termingl—-Sehr G, Al J A. Mote jer Btreet Terminal U. B. G. HB, Dinoove: General Potroleum—#tr Admiral won, ate Commorctal Spirit Drydook-Motorahip Hoxer, whip Challamba, ate Bagadahe Puget Sound Bridge & Dredging Co—str Patterson, Harbor Inland Dook & Warehouna (Fish or's—Str Mandasan Maru, King & Wing De Motorahip Ruby Amon’ Terminal ComAbip Abner Coburn, motorahip Libby Maine, wohr Geo, Hil bark We iin fan's Drydocke=M str Wallingford, aohr f Maska Steamship Moorings: Atream=—-Huoy No, St! Buoy No, b—Hehe Joun A Marine Taliway City, ate r, Mohr Wawona, Wat- motors Ms rahip Ori ney Wile Br Thee 4. A. Boat Harge Coqult whalers Now, 1, $40 to $126 controls 100 shares of any listed stock on N.Y, Stock Ix+ change, No further tak, Move of 6 points from option price given you Spporeunlty, to take 4800 proties: 4, ole, Write for free clreular, K. Parker & Co,, 60@road St, N. ¥, | Uhiek Mash | Grow! RAIL PROBLEM ON THE MARKET Louisiana Product Shows Up in Good Shape pment of Loul al market fea Monde 4 in ade ble expect it bet mmercial hipme of the be ities rolli time Rhubarb wa x fast Monday and all other Butter and egg VEGETABLES ‘ald Whole Tureipe rRoITS Prices Pald Wholn Prices Paid Whelesale Dealers Aan Mined Nats Walmots DAIRY PRODUCTS Frices Paid to Shippers Nat tertat A. are DAUY Vrives rropvucts » Ketall Dew! Rotter . ouk triplets . rt POULTRY AND MEATS Prices Paid by Wholesale Dealers te Shippers Pryers and Roasters Live, Capone. ¥ . Koosters Hous Veal Me POULTRY AND MEATS Vrices Paid Wholesale Deslers Ducks —1 Hees pre 60-2 fight Live Vryers Geene Ler Turkeys Fs Belgian Hares Dressed. 5 Cwa--Counte Nogs— Fancy | Vest—Fanc Medium b ie iene. es 1 at creased u LIVE STOCK Quotations at Stockyards ened, | Cattle m to good and heifers . 9.00@ 9.00 7.00@ §.00| 00g j.09 £00@ 9.00 Hough heay Pigs sheep— Prime ti Cail lambs Yoarlings We Ewes 12.6001840 10.2 r.00@ 9.5 2.008 FLOUR AND GAK Wholesale Prices Blends, looaln 49's, bbI bales 4, bbt bales Save | rm, light Flour Hend Art Art Suga local, t, per owt GRAIN City Delivery, Barley Wh Rotied and ge Clipped, 100". . Corn—W hole, yellow Cracked and teed Oais—Whole, food, Rotled and ground, Sprouting, 100'« Wheat—Recleaned feed All-Grain Chop--80'" Chick Feed100's 100° with BB. 100'9 100's, AND w » Per Tan 120's 2.00 44,00 45.00 48.00 62.00 49.00 48.00 00 too 40.00 69.00 Feed Growing Mash Kew M 36,00 +400 +69.00 Alfalfa Meat Soym Hean Meal Hone Meal ., Hone—Granulated Chareoal—1ardwood hn Meal Grit—-Limontone Granit Moat Sera ISSUE BONDS BASED ON COAL STANDARD The free state of Saxony, Gers many, bas invited subscriptions to a loan based on lignite coal dl- rect, ‘Tho first serios of this loan ia for 260,000 tons of lignite and bonds will be Issued for 2, and 20 tons respectively. The subscription price as well as tho cash value of the annual Interest of & per cont will be based on the German market value of linnite, as fixed by a commission appointed by the Ger. t Transactions for Weekly Report Compiled by « lane lation of at DK led o & ( week end April compl r Jamen M Seat tar by Becond ave ore a2 14% ues i % a4 19% me Maven ntral Tp I & Stee Rock Inland ' NY Key Ror fear » Card jebak Cr. 112 ONSe3 Rtan © Cal.. & Texse Comp. Tob Products Tex Gulf Sul Union Pac United Fruit Unt stor UR Rubber U ® Bteel Cr. 101 do pfd F Utah Copper 11,9 S Ind Alco 15 Le 16 1 Unto Weetehee White Willye ¢ week, FIVE STORIES WILL BE ADDED ‘Century Building Addition | to Start at Once Five stories will be added to the! between | Century building, Third ave., Pike and Pine sts, according to an announcement made Saturday. The j addition will cost approximately | $100,000, and construction will start at once. Murdock & Eckman will | do the construction work The Century building was pur- chased recently by the American Citles Realty company, It is a rein- forced concrete structure, and the additional stories will be the same, The ground floor is occupied by gusting & Kyer's uptown store, and the new upper floors will be devoted to wholesale store rooms and manufacturing. | ‘This is the second big improv | mgnt for the district announced within the week, following the an. | | nouncement of the new | building for 8, H, Kress & Co,, on the | southwest corner of Third ave, and] | Pike st. Insurance Agents Hold Big Banquet Agents of the Americar Central Life Insurance Co. of Indianapolis gathered with their wives Saturday ning, at the Arctic club, for an onthusiastio banquet, ‘The official family of the company ;was represented by Judd Lowre superintendent of the Pacific depar ment, and J. J. Conner, cashier of tho Portland branch office, both of whom addressed tho mombers pres: ent on vital toptes of the profes. nion, M. B, Walker, supervisor of the Seattle agency, on “Production and Contests.” GC. L. Brown, supervisor for Western Washington, made a n government, pithy talk on “What the Compan: Stands Mor," ini Au- | Nght | five-story | Week James Macfar- & Co Chicago Grain Price Wai Vurnished by dai 1 hee for the Week oe Macte. wh Ave Winnipeg Cries ue tor the Week Macfarlane s RINGLING SEES BUSINESS GOOD Circus Man Claims Country Has No Bad Spots NEW YORK, A ted B kood swiness. conditions the Un thruout od tinit? 1 continent strike Char Charles, bined I Bailey ot the countr prosper re and s the to the never a bad spot on ¥ “genial Mr. of the com: Barnum dent. at best author! made th today sling and cireuses and y one fen on unqualified Since the war the trekking on a croma the continent, tatement aby n ospority Adve ports on var minene communities conditions furnish in Ring- which es where the paying infor. unem. people men are incorpo: route this year, said. “We | won't be able to play all the places jwe'd Uke to, Already, because con- are so favorable, we've ex he | iti | tended qur seasct over a month. “We are not in the midst of a sen- sational boom. Conditions have quietly improved since last year un- 1 ‘normalcy’ has stolen on us un- awares. Tako this time last year, we bad to avoid several communt- jtles in New England—couldn’t take the show there. Conditions were bad. with considerable unemploy- ment. When we were up there last week we could find idle men jenough to help us get started. “Last year we had to avoid West- ern Pennsylvania and West Virginia places wher ple in the mines. rther West re were other reasons for skipping j certain sections. Today we could strike out blindly nd find = prosperous conditions wherever we might pitch our tents.” \To Develop Oil i in WASHINGTON, April Large. | valuable oll shale deposits in West- ¢m Colorado, located on public lands, will be developed tn the future. Authorization of a resurvey of seven townships in Garfield county | imported and| th authentic re- | | not alar “No need to pick and choose our | Western Colorado! | was given today by the secretary of| the interior at the lests desiring to | shales. The nearest railroad point to |the land to be xurveyed is Deboque the F ‘ande railroad. uest of inter. Yon | affected by APRI! DOLLAR LOSES BUYING POWER Reflects Current Price Level BY JOHN CARSON Rise in r was t bumped n In ® worth month it nment ex are made they little when the * it could inflation” mousines and nd unem eo how the dollar t teres today 2 cost of liv. ard, Then >vernment “inflation.” your dollar at 2 1923 —Cents— 41 #8 49 76% 7 il 89 By bo 42 49 a4 47 40 56 : 48 85 now is more or Jens instance, it is Very in the building industry, so at the government has decided tot to build much now. “Inflation in not going to be as s 1 under any condition, e best of the government au- thorities, “There is no doubt we are in the f stages of Inflation. If we don't watch our steps, well be in but we are watching, It is ning at all as yet.” SOUTH AMERICA I$ IMPROVING Imports May Start Gaining in Far East _ Latin American cables to the de- partment of commerce indicate marked improvement in Argentine, Chile and Peru, slight improvement in Venezuela and Uruguay and little change in Brazil and Mextoo. ‘The financial situation in Argen- tina has been very materially {m- proved by continued heavy move- ment of exports, The improvement Chern’ House furnis Miscel Tr spotty r “Inflation For arked ot deeper jin import trade fs less pronounced. Business in Brazil has been adversely a sharp break in ex- change, but trade in American tex- tiles Is reported good. Great interest is shown in a possible revival of the rubber industry. Heayy sales of nitrates are among the favorable factors in Chile. Business in Peru has been helped by generally higher prices of raw Peruvian products, The situation in Mexico is about the same as in Fi ruary, general business continuin; slow, with small replacement orders. OQ developments in the Maracaibo have stimulated commerce in Vene- zuela. Cables from the Far East show gencral, if slight, improvement. In- dia’s trade balance continues very fa- vorable, and accumulated stocks of merchandise are being steadily reduced, Stocks at Singa- | pore are getting low, and resump- prospect these ofl | tion of importation Is expected. The | rice situation in Indo-China is better, and the purchasing power of the na- tives consequently Increased. | 7 7% Coupon Bonds ment Denominations $100, $500, $1000 | Interest payable semi- annually in U.S. gold Price par Seattle Oakland 10th Floor, Hoge Bldg, Seattle Guaranteed Gold Bonds The first Closed Mortgage 7% Bonds of the Stave Falls Lum- ber Company, Limited, are se- cured by properties worth five times the total bonded debt, But in addition to this they are guaranteed both as to principal and interest by the endorse- whose personal wealth is over twice the entire amount of bonds. These men who have been stic- cessfully engaged in the lum- ber business in British Colum- bia for many years, do not hesitate to back their bonds with their personal fortunes. Phone or write for further infor- mation or let our representative call on you at your convenience and explain the excellent invest ment features of these bonds. of the owners—mier NAM! oe a ieiic eas cee saje tee eee mame BAGROOR ET iy waunee eee GE’ MILLER & COMPANY — San Francisco Loa Angele Phono Bil, $108