The Seattle Star Newspaper, April 10, 1923, Page 12

BUYERS MAY GO ON STRIKE Duke Sees Danger in Price| Increases G00 LUMBER STEEL a Shi Seats MONTH AHEAD — ARE BOOSTE Spring Building Points to WINTER WHEAT SEATTLE GETS ABOVE AVERAGE NEW FACTORY tien Seats, Government Forecast Ranks |Roman Meal Company De- C Northwest High Wa ee eate [tats ae United States Steel | cides to Locate Plant Here |/*2'.%, fast auts | att Tide WASHINGTON FI Og PAO With Increase F ‘ a z . c trong On the Rew Recond Low April 10 ‘ OLYMPIA ia r ten howing thy wheat production otal 672,17 the of tamber the retail Duke tising and wit for lumber, the ly raising former bids building is bel » build COMMODITIES TOO AC buyer gone up to such posed the pros: they can not future him as Uonary or more gradual Duke fir in the hig the borr points out ton banks ¢ plus funds and these being quite gener York on call, wh per of the surplus. MONEY GOES ST “That the change ts abl sums of mc that warded by the city banks and somle country banks from nearly all parta of the United States and is willing to pay an increasing rate of interest) to attract this money is something that with equanimity,” “This alse plies to Eastern facturers and jobbers rapid rise in also is absorbing a large amount stock ex huge York to absorb th are being f ew can not be viewed Duke states. by the which business . S=MAKING CRACKERS | Partment of agriculture foreca day upon the basis of the condition of the crop of April 1,» This compares with an estimated production of 686,204,000 bushels last 1921, and an 000 for the pre year, 600,316,000 for erage of ceding fi 65,905. fhe average condition of wheat on April 1 was 7 normal, a compe April 1 last year April 9 per cent on Wi per cent on W {ri | | offer had tlatior part of the « now In progre ey w factory will distribute its utp 1921, and with an{ Arrivals and Departures AMKIVED: AM BAM “nd ROUNe ing and for * Would filly om pane which ghee ints g 's approximate, manufacturing plant and still a good share have m of or ployme to come to the state a total of 25,060 barrels of the business in goin of Washington the Pacitl the Pa from ng: the product STREET JOURN 000 in ¥ s power Crucible Steel GRAIN PRICES. HIT NEW LEVEL : nth It requir reat’ #kill Baldwin, 139%, up neolidated Gas up nda Cop Forsian Securities Monday's Quo Furnished by Legs 0 Becond Northwest is} Massena, j average of 84.1 p | coding tow yearn There was a decrease tn from De 1922, to for the pre condition April 1 compared with an in the last 10 n the DROUGHT HURT SOME DISTRICTS Explaining the average conditi departaient ment said ‘Owing to the anty railfall last many sections, mu to germina perished or barely from the ‘ no th jonment promised to be altho Hee wan fly 4 from & num bug appea wite numerous in thruout It of states from Penns Kansas, to & cent in the to Kastern quite uniformly from cent to 90 per Northern belt from Wisconsin part range 2° | Peppers O Potatoes York and also in of Iowa and Northwe | Koubart Heats toa Tomatnes © neigh: | Ternipe. borhe mt of the Northwest, In the plains extend om Western > Oklahoma at fa wing to drought la conditions x from 60 pe TABLES Wholesale Dealers Mex FRUITS id Wholesale Dealers ed an tndleatin y “g00d times, cee YORK immer of April 16, ty COFpOFALiON Nigiy wage increase of It ps © in all the éorpey facturing plants 1 apr Tron and Sug ne advanesd 9 ent Ae us, endents are expan T nection following ty announced by ¢ | corporation, eae ement of Chairman Guy er otganization gait tht n recommended to phe, turing sublets rt Steel that thy { day labor at thelr plan eased ubout 11 per cent ass * wage rates fm’ tasntys plants be equit ettective Ape ite NEWCASTLE, Pa., April 104s 11 per cent increase for 2p pores of the local Carnegie 4 was announced today tips ® made} tive April 16 *4 .. sections . April 10—The ing in face of the both at or mills are well] cHIcaco, nd are cutting of 11 per cent in woods condi was) reek economic experts : 1 as 4 forerunner of" | making sinter possible for increase industry ne de curtailment be- | p~ cause of supplies will ome inevitabi nd for and toad) where | Other industries, i was predieed be forced to increase thy Pp help, owing: te tie OIL COMPANIES DUGDA! Hogg keele -Of the thre He later sta: Charles Dawes, banker and fame Coited States budget diredtar d of the constantly dwir trade and the distress condition of the farmer, many question whether the sudden revival of almost war-time conditions in industry is justified in the face of these handicaps.” MAY HAVE BUYERS STRIKE oft ‘The state bank supervisor declares | Mary ‘white collar” man is forced | France it his buying or goes further | orders tkes, there will be a large |dfen°vtsibi: ’ factor removed and the! bushe ‘then ce sation may t to that of 1920, | nid 44a contracts were | Fourth dis and stacturers, J ers San Francisco Produce | *'<terr +4 i them: rac WIN TEST SUIT a WASHINGTON, April 10—The|Clared the wage increase iam s trade commission in the| “herald of general business States supreme court yester-| 42d & geod barometer ot y Jost its test sult to compel the | Prosperity, | Most of th crop prospect 1 urge eve! everywhere. untry'¢ warehouses and ele; 86 and, 53; Wisconsin Prices Paid Whelesale Dealers | Bary low as at this Ume. Chine Minnesota, $6; Iowa. 87; Missouri, |Almende—t. X. L-, per 1 poorer i ee ere doing considerable, dam $4; Bo Dakota, 74; Nebraska, 64;| EOCQUte-aVe, per We sierssene vs Mecovere Winter wheat in Ilinois and Indians, ‘ at Geuth Dak v4; Nebraska, 64; | pesdnd<Per i. s....05s Late 2] U8. & Discoverer . big gasoline and oll companies to| hile green bugs were in Southwest- ansas, 64; Kentucky, §5; Alabama, | Mised Nute—trer ‘ 6 | Ted Devéocke—Matership | Boxer, str ice of Ing pump | te Pgs Monday"s Quotations Texas, Oklahoma, §0; Arkan:| Walnate—Cai., » F adahoc, str Commercial @pirit stop the practice of loaning pump Grace, “of Bethicsia Sy Furnished by Tagen o . aan lnem, 88 at “hag 7 Wy cing. 18 " per te. +t Bound Mridge & Dredging Co--#tr}and measuring equipment to gaso-|%' on a 5 Bieel, ye san, 83; Mo 71; or 1B ogi ad i mn ec ots, | Roun oday his og Close | Colorado, 65; Arizona. 94; Idaho, $1; Moet PRODUCTS ninal Co.—fchr Geo. F. Bil- iia tee aiciecs ptltonge oe planning wage adj gel | Pirse 30 .. lw; " Prices Paid to Shippers str John C. Kirkpatrick, str | bind 7 4 Firat predpase.s hog aahiae nia Iain acidiad cummed | © Lackenbach, e soa the products of any other whole.|!ve April 16. Inc will app'y on - ; 7 nia, 75, t sla Avner Coburn, metorsitp 8a0\| eater, | particularly to common ‘aber and de WHEAT MAY wehr lint ‘The commission attacked such con-| tails are being worked out thre am BE NORMAL pie fle ere lieaee as being in violation of the | mployes’ representation system, : satan cae te Jantitrust laws, In that they re| ; ship Moorings. R ao, | Btricted competition, Some people wake up to fai DAILY PRODUCTS Marine : | ‘The test suit was brought against |themselves famous, but most pape CHYCAGO, April 10.—Amorica’s| nutter—Lecel creamer, cote m ClY. str Caesar Now tine sinclair fail to become famous because fy \grain production this year may ftir never wake up. be normal, deapite a season, drought, labor other handicap: The situation is not yet serious, late planting | Bees shortage and| Mixed the opinion of the best-informed rees in ¢ ago, the country’s ag ricultural Lyman Weat,| statinticlan for the Chicago Board Trade, and noted authorities de | there ia yet plenty of time for spring | planting and for winter wheat to de velop, Went regards the bullishnens of the market and pessimistic reports from | Yarlous quarters as the usual “sea- Peane Ivania, 4 awar > a tine | King & Winge Dock Meret Motorship Ruby Italian Con be Terminal—U. BG. 8. Pio- Schr Wawona, eee NEW YORK, April 16—Presest ba | Berton "tee 103.03 rever canceled New 4s 06 82.8 “ Monday’s Quotations , +m spielen art as Batter—Extras, 4540 1b.) prime k ban adehe Foreign Money Status Monday's Quotations Purvished by Logan & xe| Nermat valve BANK CLEARINGS Mh and the xtraa, undersized pallets, the d Cheese—Californin flats ¥, Te Ite dox.; extra pullet a pexsimint itnation trust this Hit not but there are to Paice env to bankers men not to go into any undertaking | | requiring heavy financing “until the| | Clearings . atmosphere clears.”* Balances . and business Pot LTRY AND MEATS Prices Paid by Wholesale Dealers to Shippe Fryers and Koasters Capane—Live, fat Fancy 4. y Here 4 0 Medium. Live, ight Faney dry pleked 2 cen! Serve outfield Oakland, seem ular left field fact that F from the Te: to play the _ the sale of D STATEMENT OF CONDITION THE BANK OF CALIFORNIA jared | Clearings . . . Balances .. Financial Flashes From James Macfarlane 3 Co $11 Second Ave. Total transactions . M | Cattlo—neceipts, above Twenty industrials, oft .14; 20 rails, $6.53, off .07 On January 1 the General Ameri. can Tank had $25,000,000 in orders! for freight and tank cars on its] books, and this total has inc ed in proportion to gain in railroad buying. Copper metal rales cents. Vienna expects 650,000,000 gold kronen loan being negotiated in Lon- don will require American pqrticipa- tion United 102.56, increasing 17% States 867 2 amount and from Germany growing out of war. British estima fixed tentatively it will de- for claims of American rub- ber purchases in 1 t between 285 | and 300 thousand tons, which will} more than offset debt payments dur-| McNeill & Libby, for year ended March 3, reports surplus of $182,868, versus $2,428,769 loss in previous year. ("Club Meetings Club Meetings The Kiwanis club will meet at the Hotel Gowman at noon Wednesday, April 11. W. A. Lewin will give an address on Seattle, and music will be provided by Madame Davenport Engberg and th» Seattle Civic Sym- phony orchestra, | TRADE TERMS TURNOVER “Turnover” is a term that has come into use in connection with accounting, and is sometimes am- biguously applied to the cost of sales, In its general application, the turn- over of @ merchant or raanutacturer represents the number of times his capital that its Invested in stock in trade Ss reinvested in other stock in trade during a given period, such as a “monly turnd The margin of profit on merchan. dise depends largely on the number of times it can be turned ever, An investient of a given amount in stock which Js turned over five times a year, would only yield half the grons yearly profit of the same amount turned over at the same prices 10 times a year, UNFILLED TONNAGE NEW YORK, April 10.—Unfilled tonnage of the United Staten Steel corporation, March 41, was 7,40 8H sonal weather acare.” He called at live National Association EXPANSION IS sare i atockers and feed Market Top, $7.00; bulk, tention to the fact that the reports of drought from the Southwest, late Geese—Live, fat, # to 10 the | Nelgian Haree—« lies Turkeye—Fancy a. p Rooaters—Oid, live, per 1b (A National Bank) NOT SERIOUS tallroad stocks and bonds are the weak features of the market,” says the current {asue of Moody's Weekly Review. “Other bonds, 100, | matter—«g tr are heavy and sagging a little. Our | Egge—23@ 2ic railroads are being tried in the court Seer are of public opinion—which is a very competent and impartial court—with the farmers’ bloc and the radicals as prosecutors, be wv YO “Bonds, other than ruils, are vag: nideeus ging in response to such factors as} ai mal absorption of funds in trade expan- ieee Hane sion, 3 atreng. 44.5065,35 t Sheep—teceipts. Lambe, i feeders, $1 149. G12.75; ewes, 7618.60 28 e Portland Produce Monday's Quotations ie Vb. dor. jo 1b, sae Foreign Exchange K, a ierey fen rks, low *. $9. 90.0497 %; 2 to the dollar . | annual events, j Winters from the Northwest—the | {apring wheat eections—and chinch | jand green bug scares from Indiana, | | Iilinolxe, Oklahoma and Texas are iv Heavy, fa eal— The Chicago statistician gave the visible supply of American wheat at 2,256,000 bushels today, as compared with 2,456,000 bushels last year. Tho invisible supply, he said, may bring this total down to q little leas than last year, Experts also pointed out that the government's estimate of winter wheat production ig 672.3 000 bushels, only a little les than last year and more than the average. Along with the reports of drought and late winter in the wheat belt POUL Prices Docks Per | Gorse Turkey» Live, fan Drew Dressed, hemy ney Ne oe be og Twit y, 160 te 0 lbs 108 TRY AND MEATS ‘ald Wholesale Dealers J, per tb, Dressed, per tb. Fancy, dressed. y, Ib per Ih, 4 SAN FRANCISCO SEATTLE TACOMA PORTLAND At close of business April 8, 1923 ASSETS Loans and Discounts : levsesveceecee ca eS DD,020,0108 Bank Premises (San Francisco and Brahches) <5 c<s5 «ss 1,487,884.40 Other Real Estate .. % 760,149.03 Customers’ Liability Under Letters of Credit. 5,681,053.10 Customers’ Liability for the Purchase and Sale of ireion Exchange Under Contract .........cccseeeeeeeseeees 1,432,582,80 the rise in money rates, mod- ne Jerate expansion large supply of selves. of credits, new bonds Credit expansion, and a . them. however, came more significant reporta that farmers are planning to reduce acre- age of spring wheat in the North. Fancy bloc Veal— Fancy, light Medium, dressed LIVE Sundry Bonds and Stocks... .........c.sccccesvereessee United States Bonds to Secure Circulation. . 4,483,128.25 2,150,000.00 compared with 7,289,069 on ary 28, an increave of 119,443 ton, whore further hearings will be heid. :}commission is moving to Portland, has thus far been financed entirety by the member banks, while the capabilities of the federal reserve banks have not begn utilized, so that the expansion should not be- come threatening pricr to the autumn boom, if at all, “New England cotton mill bust- ness appears important as a bar. ometer of the labor situation, and of the future of cotton goods and mili shares, Wages in these mills even before the September advances were about double those of pre-war times, whereas other wages gener ally were only about 65 to 85 per cont above prewar, The big rise in cotton Itself began a year ago, whereas cotton goods prices did not show any considerable rive until last |} October. Raw cotton moves two or} three months ahead of cotton goods, while the goods move one or two], quarters ahead of dividend pay:| ments. Any further sustained rin | x in mitt xhares looks Improbable, “Building costs are advancing too fast. The rise foreshadows a restric- tion of building operations before the end of the year, and such 1 strictions should be counted upon |% by the industries to be affected by it" Cendluda Lintier N Price Probe Here! *. W: & | chased Hearings of the federal trade mare Hae commidsion regarding an alleged) pondy, tatu combination by the Douglas Fir Fixport and Txploitation company | corporation, and others to fix lumber prices,| puitding of 1 which have been held in Seattle} mont for the past few weoks, wer cote cluded here Monday afternoon, Tho 000; left oy Bheep, 23,000. —Firm, No, 4 Santo Chicago Broadway 1 are the dire granulated, Coffee—iio spot No. years, of the at the Chicago car Lots tt) Recta Cont, Kata. Li.Yy, 46 “4 ’ i Hogs estiinated, 65,000 or, 2,617 ae Yi Sugar a and 1 Coffee Monday's Raw, *! goon firm- $6.1009,25, 7, 1% @11%e6 Ib; ms, 19M MISNC Id, Board of Trade Close $1.23% 121 110% 18% 81M 11,87 11,60 10.30 11,60 i170 ew Issues raus & Co, have pur lise of $1,100,000 6 per mortgage, ring Ja from three to 12 Brendway and 77th xt secured by the land and A 1 batory modern apart: northwest corner of nd 77th at. ‘The (t obligation of the bor serial coupon | bonds | west, because of the low price, which has steadily fatica for the last three years, not Cattio— | Business Changes | —————_$_—— Stone Brothers, tailors, of 900 Seo. ond ave., have opened a new branch establishment at 1411 Fourth ave., marking their 2rd year in Seattle, Samuel M. Stone will manage the new branch, me lish Smooth he Eostero Kleise Wethora, Ewen «Invest in a Successful Going Business 7% Cumulative Preferred Stock ‘Thin ntock ts cum tv, fully and ex~ federal in- Rolled and ax. | Kod a Dividends payable | Onts Redeemable between 19 | 8110.00 | Sprouting, dividends, i Ie Price $100 Per Share edeemable at 8110.00 Kindly send particulars re- warding thin stool to Name Mtreat’NO, sieviyssevetss | city, v State... FLOL t Whole, food, Rotled and ground, ations at Stockyards nt avy Rough heavy . Halt AND St GAK Wheleenta heen , lows 49's, UbI Wholesale, Per Ton | | 42.00 | | 1 «round, $0 44.00 || Clipped, 100" Wate 00 || yellow, nd teed mi 100°» 10'H- 80's 00 || +A 4,00 | 46.00 48.00 | + 69,00 | 140.00 45.00 | 00 | 00 60,00 69,00 50.00 | 100° sattcee leaned te im, 5,266,579.23 107,500.00 23,564,851.65 5,472.25, —__---——r—r* $100,459,211.78 Other United States Securities..............cs sense eee Redemption Fund With United States Treasurer. . Cash and Sight Exchange...........0....0ecees Other Assets ....... LIABILITIES a : 8,500,000.00 9,026,030.84 117,404.71 2,185,797.50 5,922,518.42 1,482,582.80 $22,064.29 cari ice cEHUI ‘Se $100,459,211.78 Capital Surplus and Undi Reserve for Taxes and Interest.... Civtilation yc inva ivcsa's Lettefs of Credit .......... Contracts for the Purchase and Sale of Foreign ‘xchange. Other Liabilities ............., DGDOBIES ci vices en GRO, 'T. 8. WHITE, Manager Asst, Manager LEON F, MACKLEM, Asst. Manager Manager ROBERT B, SNOWDON, Asst, Manager GODFREY L. WAKEMAN, JOSEPH C, GLASS, Asst, THE BANK OF CALIFORNIA, N. A, San Francisco, Seattle, Tacoma and Portland, constitute. one Association under one management, and positors at any one of the Bank's Offices have the protection of the en= tire Capital, Surplus and Undivided Profits of the Association. “Associated for Three Generations With the Best Progress of the West” rowing corpiration and coupons are payable April 1 and October 1. LYNN, Mal Mas: Toron GITNEY BEAVER K. 0. Gitne: _ teated Johnn: Pool, 0.