The Seattle Star Newspaper, April 18, 1923, Page 16

PAGE 16 $ SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, Building Hi) ARMING MUST BUILDING BOOM MARCH PROVED U. $. CHAMBER Wheeler Explains Need for 4 Contact With Congress Marry dent of the « the Unit spirit in the Fanization several year formation or ago, strense the importance of the business inter ests of the nation maintaining con | B tact with the federal government, in a talk before the trustees of the Seattle amber, at their regular : meeting Tuesday “That is the pu we behind rection of its own b ding at Wa ington by the Chamber of Commerce of the United States. he said. "It Will be headquarters for the nation’s [ busigess, There TELLS ABOUT | rut ATT SF LE STAR Make thelr headquarters a H Authoritative infermation will be vallable on business in all its phases, Thru this Washington head. |t Quarters, housed in its own building the nation’s bu ss can maintain The Puget & Lumber & Box ‘ that contact with congres and the!Co. has purchased the alte of th administration that is nec ¥ if tts) Elts-Mylrote Lumber Co, at Twelfth interests are to be taker into account) ave. N. E. and Northlake ave, and im the passage of laws and their ts building an up-to-date sawmill and i » ministration, Agricult and oF-| pox factory al structure is > ganized labor main such contact | about com na tow fantore be thru their Washington headquarters. |ing now in operation, and the mill | > It is important that business do sc will be In operation by the end of Wheeler, who is vice president of | the month | the Union Trust company The capacity of the sawmil! ta 150, 5 Gago, was the fir @ Chamber of Com States When the war began he be ame one of the “dollar a year” men but was called back to the “hee ge ney y| of the chamber because of the portance to the conduct of the war the nation’s business When Wheeler arrived in Se , greetings on behalf of rial mber were extended by vice president, and D. B, Trefethen, a member of the board of trustees. Foreign Conditions Reviewed by U. S. Department of Commerce jot the Seattle chapt jamnual election of the or ltreld Tuesday. 000 feet per eight-hour shift, and the apacity of the box factory ts $0,000 feet. When the mill and factory are n full operation, they will employ 300 men. ‘'A. I. B. ELECTS NEW OFFICERS ar W. Clarke of the Union a) hank was elected president of the Amer Banking at the nization 1 Dexter preal. Natic ican Institute of Other office were Ray Downing of the Horton National bank, vice ) Buropean cables to the department of commerce indicate that in France metallurgical industries are ham- Dered by lack of coal, 40 blast fur- Races. having closed down since the "Ruhr occupation, but that supplies | for the Ruhr are now Increasing. It) | ts believed that the fuel crisis is past. | Whe textiie situation ts calm. Total imports and total exports of France are both Increasing. | Industria! stagnation continues in} ident; E. Goodwin of Fraser & joodwin, secretary, and Carl A Wagner of the Marine National bank, treasurer. G. W. Relf of the federal reserve nd Laster Pelton of the Union ‘ational hank were elected to the board of governors, the other mem bers of which are A. P. Hull of the ‘irst National, J. G. Thwing of the Seattle National and J E. Davies of the First National. the election the Junior Officers’ association were at a dancing party, with cab- Austria with some labor troubles; but | ‘ of the rehabilitation plan “and subscription to the preliminary in, with improved commercial re- 1s with neighboring states, cause ‘The adoption of a new constitution fn Ramania ts expected to have a influence on the business which {s at present still ily depressed. The constitu- Mationalizes undeveloped under- ind resources. Food is searce snd Sxport of cattle has been pro- In Jugosiavia financial and bu’ present economic policy. Imports exports are slowly approaching equality. Economic negotiations with og have been satisfactorily com- eas |Camp Lewis, yment is seen as the result of | State of Washington is to be used, | aret entertainment, at the Chan- tleler. The party was in the hands of F, W. Martin of the Metropolitan bank, and more than 600 were pres- ent. Camp Lewis Will Use American Lime As a result of the protest of the Seattle Chamber of Commerce against the reported Intention to use British Columbia Ime in the con. struction of the new hospital at lime produced in the the chamber ls advised. Reports reached the Pacific Northwest Products committee of the chamber that the foreign ma ber tmmediately dispatched a wire to its Washington 4. J. Underwood, instructing him to} take the matter up with the war department. A telegram advises ‘Twenty industrials, 101.76, off .23; 20 rails, 87.09, off 14. Chairman Gary of U. S. Steel holds little hope for an increase In divi- but emphasizes strong finan- position of company. | Detroit advices state automobile concerns are months behind tn deliv- ries with orders still pouring in. Three months, ended March 31, or- @ers of Endicott Johnson nearly 60 cent in excess of those of cor- ponding period 1922. Brunswick-Balke for 1922 net in- c $2,585,060; equivalent after paying dividends to 13.17 on common ‘Stock outstanding. Bethlehem Steel will add 1,000 to Its force of 2,500 at shipyards in Bal- fimore district July 1. Bookings are’ sufficient to employ full force until} | April, 1924. Net earnings of Gulf State Steel in quarter of current year, accord- Ing to reports heard in financial cir- ‘cles yesterday, amounted to approxi. | Mately $532,978, eniual after pre- "ferred dividend to $4.40 on common, Or at annual rate of $17.60 a share. New Issues | ———— ef Halsey, Stuart & Co., Inc. is offer- ing at 89% id interest, yielding about 5.75 per cent, an Issue of Hous- ton Lighting & Power Co, first and refunding mortgage gold bonds, series _ A, 5 per cent, due March 1, 1953. ‘The company supplies Houston,| Texas, and the vicinity with electric! Power and light, a territory rich in) Natural resources and having a pop- Hilation estimated to exceed 175,000. | These bonds will be secured by a direct mortgage on the entire prop- erty of the company, the reproduc- tion cost of which has been deter- mined by independent engineers in ‘excesn of $11,000,000. TRADE TERMS BUYER'S OPTION eg aN buyer's option is a privilege eueving a buyer from receiving an _ article until a specified time, but “granting him the privilege of de. Manding it within the time specified the contract of sale, or on a one day's notice At a@ meeting of directors of Com- puting & Tabulating Recording Co. it Was voted to issuc 19,655 additional Whaves of stock and increase out- “Manding holdings to 150,088 shares on an authorized capitalization of - 200,000 shares, Additional stock to ye offered present holders at 75 to extent of 16 per cent of thelr present Bs clals, directing them to use domestic lire. Make Big Sale of Wool at 45 Cents PORTLAND, April 18.—One of the heaviest sales of fine wools tn Ore- gon, aggregating 325,000 pounds, wes negotiated here Tuesday by R. 8, Bicknell, of Boise, Idaho, represent. ing a Chicago concern. The price was 45 cents a pound. The clip was from Rambouillet sheep. The consignment was sold by | 5 the Baldwin Sheep company, of Des- chutes county, and the Mitcheloid Sheep & Land Co, of Enterprise, Wallowa county. |Rail Workers Now Expect Wage Road CHICAGO, April 18. — Rallroad workers of the country belleve they re next In line for pay increases, Representatives of more than two million ratlroad employes are prepar- ing to go before the United States Tall labor board and demand wage boosts to the 1921 peak. Recent heavy increases in railroad business have placed the companies {n a financial position to meet an|_ advance in pay, union leaders con tend. Seattle Kiwanians Visit Bellingham Over 100 members of the Seattle Kiwanis club went to Bellingham Tuesday to celebrate “Courtesy with the Bellingham Kiwan- The Seattle club had charge of the program for the meeting. Edward H, Hatch, president of the Seattle Kiwanis club, presided, and Rev. John D. McLauchlan, of St. Mark's church, Seattle, gave a talk on business courtesy. Steel Corporation Will Place Vets WASHINGTON, April 18,=~The United Steel corporation will co-op- erate with the veterans’ bureau in a plan to place yeterans in the steel industry, Director Hines announced terial was to be used and the cham-| representative, | that the quartermaster general bad| telegraphed to American Lake offi- Peewee ee ‘ ! REET WALL & NEW YORK, Apr flecting the reaction of the simism prevailing last wook over th that stocks rallied ea an the faith In its belief that the bull mark larly urgent. Baldwin, California ed new Nh GRAIN PRICES — ADVANCE AGAIN CHICAGO, April 1%.—More serio rep p damage, and de seened. expel aused aratt pr to advance on the Chica. board trade today The visible supply, the world dre Indications | pressing Logan | City plac amount remaining standing in Nebraske harvest at acres, with prospective yle 3 bushels pe acre Fow reports of been more peas Late cold hipments for the week were 0, an increase of about trading In onte. Prospects were for a late harvest, on account of the delayed seeding Forelgn markets advanced. 1 Provisions strengthened toward the close as a result of a consider- able buying for European export ra | |Chicago Board of Trade} Tuesday's Quotations | Wheat High | Today May ' 0 | Hept. | stay 4 48% naman ts “4% 4e nao 149 es 188 ib Lat | $09 | 10.37 Denver Live Stock ‘Teestiag's eager 6,900; $12.75@18.90; $12.76043,85, Cash Wheat jGuTOARG, April 17—Cash Wheat— 2 red, $1.12; No, 3 hard, $1.26; No. 2 hard, Bi, i . N. Y, Sugar | a6 Coffee Packie Money Status Tuesday's Quotations Furnished by Logan & Bryan B10 Recond Ave., Seattle Normal value Present value Sterling $6.65 + Camadian. 97% ote French frano,.,...6.59 ote Belgian franc Hwisa frano 5.68 18.07 sTtaiian Hea 4914 etm German mark .6,0047 4 et Awedieh krona, ...26.40 cta| Norway Krone... .17.90 cta| Vipanish Krone. ...18.85 ot 16.00 ota... Greek Drachma, .. 115 ota cee Chicago Car Lots Tneaday’s Quotations Furnished by Logan & Bryan B10 Second Ave., Seattle Grain— Recta Wheat . Corn . 207 Onta . 12300191 114} Rye 26 iz Barley ‘ 1 16 . San Francisco Produce Tuesday's Quotations patter Bxtram 43%0 Ib prime firate, 136 Egce—ixtrav, 27%e doz; 200 don; extra pullets, undersized 2 pullots, 21% don. Cheese—Calitornia flata, fancy, 20440 tb, ee + Foreign Exchange NEW YORK, April 17.— Foreign exchange opened steady. Demand wterling, Nae 645 franca, oe62) lire, 0491; marl ata 98, off 12 SEW YORK, At “iu Fore! . change cloned irregular. Starling, $4.06% france, $0,0667; Iie, $0.0402; marks, 22, today, following conference with| fs! th the acil EB. H, Gary, ° id . x : BANK CLEARINGS \ Plan to Extend Dy ears Na Se Seattle | : Idaho Railroad ne coee ees e STBIT927.58 | WASHINGTON, ‘April 18.—The| | Balances... 06... 2,144,101,54 | Oregon Short Line railroad today re-| | Portland 4 | quested the interstate commorce| | clenrings .... ..... 6,907,218.49 | comminsion for permixston to build! | patmnony vos 1162,169,69 | 27 miles of line from Orchard, Idaho, | -, Mwoomea | to Perkins, Idaho, wervice to Boise, to provide thru Total tra tions . 4,452,000.00 w Box Factory 1s Built | Finding Immediate trend of pr 310 Kecwnd Ava teat Bia N. Y. Stock Market Tursday’s Quotations Furnished by Logan & Meyan B10 Becond Ave, Seattle High Low Close 164% 180% 184% . 43% 4b Amer. Cotton Of. 16 15% 1% Amer. Int'l Corn. 10% 20% 20% Amer. Bowar [oh 84 Oe Amer. Humatra uy 9 at Amer, Tel. & Tel 11M 122% on Ow eG Mate os ws“ Hab 1 140% Canadian P ns un Chandler Motors r - 234 ‘opper ca] Coca Cola 7 ? Consolidated ty EN Continental Can ay 6% ; Liberty Bonds Tursday's Quotations Furnished by Logan & ryan B10 Kecond — Seattle Berler- h Lew Crees levee sue. wes ares tenet Becond 4s * ore First 440 . 97.31 87.91 Becond 44a . ove ‘Third Me « 9808 68.06 Is oo Fourth 44s Peary ae | Vietory (Ke ......100.01 100.00 190.60 New (Me 99.06 99.02 «99.08 UNCLE SAM IS HOLDING CASH "=: Millions of Bond Money Is Lying Unclaimed BY ROBERT TALLEY WASHINGTON, April 16.—Uncle Sam ts holding more than $150,000,- 000 that he can't get rid of, simply because the people to whom it be- longs won't come forward and got It The total represents outstanding |xovernment securities that have al- ready matured and ceased to bear In- terest, but which have not been pre- rented to the treasury department by their owners for redemption. Most of¢them originated during the world war, About $80,000,000 of the Victory bonds which were called for redemp- tion last December 15 are still out- standing and the aggregate holders are losing possible interest to the tune of $10,000 a day. About $60,000,000 of the 1918 war savings stamps that matured Ji uary 1 have never been presented for redemption, Odds and ends of old bond Issues, some of which were mado nearly a century ago and have long since ma- tured, contribute to the total. very once In awhile,” explained William $. Broughton, commissioner of the public debt, “we are called upon to reduce one of these old bonds, Men die and leave them with their private papers where, perhaps, they fre not found until yoars afterward.” Delinquincy in the redemption of more recent securities, however, is more likely caused by inexperience, Fired by patriotism, millions of per- fons who had never laid eyos on a bond before, bought them during tho Liberty loan drives, Naturally, thera were some who did know what to do with the bonds after they got them; some, Indeed, who actually thought they were contributing to the govern- ment, like they contributed to the Red Cross, and that the bond or war saving stamp was merely a receipt. Most cases, however, arise out of | Po pure nogiigence—scattered investors who have small amounts tucked away in various places and have never gone to the trouble of taking them to ® bank or postoffice and having them redeemed, If you have any Victory bonds or 1918 war savings stampa still lying around—maybe you have forgotten about them—take them to your bank or postoffice today and got money. Ii they have been destroyed by firo Local Markets TABLES Prices M d Wholesale Dealers Artichokee—Cal, per dow tog) Aspe . per tb 19@ ¥ @ Beets bunch, dos Cabbage . per “Ke on I ox. bunches Celory—Cat ate Cucumbers. hothouse, dos Local hothouse 1 Gartio—Per m Lettuee—L. A, per erate Onlons—Cal., brown P Parsiey—-Loe., da ire bunches Per tb ver ® Local white, ton fey. graded. m ma @ Walla Walla, erat Tomatoes —Mex Turnips FRUITS oA Prices Paid Wholesale Dealers pple eke, box ape, extra fancy Bananas— ier tb t-pke. box, 10-4-08 Prices Paid Wholesale Dealers Alronde—1. X. 1, per Va. per 0 | Yer Th |Satnea Nuts | Walaatecal., Badded, p DAIRY PRODUCTS Prices Paid to Shippers Battertar— A Rade, Menttle delivery .... Kgge—Freah ranch, white shell. Mixed colors . Pallets .. Milk—Cwt fo Seattle uae ¥. 0. B. condensary , DAIRY PRODUCTS Prices to Ketall Dealers prints, wrapped Eaqne—Freemh ranch, white Mixed colors Pulte ’ Cheese— | Or. triplets | Wisconsin eream brick + Block Bwise j Wash, triplets. Tillamook t POULTRY AND MEATS Batter }. Local hell, Capons—Liv Fancy, 4 fat, % ana up Mens—4% M Medium, live, 2% to 4% tba. Live, light, 3 to 3% Fancy Gry pleked 3 cents above itve, Geese--Live, fat, # to 10 the. Belgian Haree—4 Ibe, Tarkeys—Fancy 4. p., Roosters—Old, live, per ib.. Mogs— Cholce, Nght .. Heavy, fancy . Fancy, light Medium, Med., bh UTRY AND MEATS ‘ald Wholesale Dealers %, Hans—Dresned, heavy Dressed, Heht Live, heavy, T. Live, Haht, Mm, | Fryers—Per Tb. Geese—Drensed, per tb. Turkeys—Fancy, dros Live, taney, T. ... Belgian Hares—Liv Dressed, per 1b Ows—-Country, ar Hoge—Fancy block . Veal—Fancy, light .. Heavy, coar Medium, dressed LIVE STOCK Quotations at Stockyards Cattiom Prime steors .. Medium to good . Feeders .. Prime cows and heifers Choice cown Fair to good Canners Calves. Bulle co Prime light . Smooth heavy « Y Bheep— Prime 1amb@ soos Cuil lambs Yearlings Wrethers, viii Ewen .. FLOU rt “AND 8UG. Wholesale Prices AR 49's, bot. baiow 49%, DDL... alow .. ane, per owt, . por owt, GRAIN AND FEED City Delivery, Wholesat Barley—Whole foed, 100'8 «+ Corm—Whole, yellow, 120° Cracked and feed meal, 10 Onin—Whole, food, 100's .. Tolled and ground, T0'n-8 Sprouting, 100s Whoat—Recloaned All-Grain Chop—S0'# Chick Feed —100 Chick Mash100'*, with B. Mf, Growing Feed—100'r «... Growing Manh—100' Kay Mnah—100" Wheat— Mixed Feed, Cocoanut Hebel ttonseed Mi Linseed Ol Meal. Alfalfa Meal ... Boyn Bean Meal Hone Meal . Boneo—Granulated o Hardwood Fish Grit Qi lone 1 Prices Paid be, Wietontto Dealers n 9, ment os 10.009 16.03 009 10,00 or otherwise, Uncle Sam will pay you still, providing you furnish satisfac. your | tory proof of ownership and dertrue- |tlon and give bond of double the value, a F WEDNESDAY, APRIL 18, BE PROFITABLE WILL CONTINUE RECORD MONTH Says Capper TOPEKA, F April 18.—'The present farm shortage is a warning of @ werlous situation now develop Senator Capper, con gremdonal ‘tarm bloc leader, declared today in @ statement to the United Proms Capper nanerted that low agricul- tural prices may result in so many people leaving farme that it will cause & food shortage Referring to a prediction of Illinois employment expert that farmers mig force congress to admit more immigrants to alleviate the farm labor c Ke, Capper said the farm bloc would be Inclined consider such a thing with . BY SENATOR ARTHUR CAP n Leader of the Western Farm Bloc in Congress (Written for United ¥ There in no ¢ among the mem- bers of the farm bloc to lift the im- migration reéntrict wo far as I | w, Ith I be inclined neider question with consid erable cautl A ubt if there will be @ very werk tage of la bor on farms ept durin the ab; [normal rush of harvest use of improved mach! | wi 1 tend to hold down th shorta, even then, But there will doubtless be a lack farm help at certain times in most communities This Is ¢ fust as I ald St would, beca of the reler pounding down of agricultural prices for the last three years. It in a per fectly logical outcome of a most un- happy economic mitu Farming has been unprofitable the last three years with the larger proportion of the producers, and thoy are quitting eltion Naturally, they will quit, We can- | Bot expect the farmer to continue to jdo the hot, hard work of producing ndefinitely when there is no finan. And I believe tht © the cities wit] continue, agricultural prices are not yet on & fair basis wh pared with the things @ farmer must buy So long as a farmer is ponalizad by our e cial reward. moveuiont fo an | will the farm be at wages and the young by the are in tage is merely a of what fa to come. I hope the country can see it in ima If | this era of low agricultural prices is continued, with the sale of products below the cost of production, as has occurred In @ vast number of cases, it may result In so many of the rural people moving away that it will cause a food shortage. As it ig, hun- dreda of thousands of the best young [people have left the farms, most of them never to return. This move- ment will be continued until the pur- has been restored. AD CLUB JOINS | SEVEN LEAGUE The Seattle Advertising club voted to join the new Seven League club as m body, at tte meeting in the Ma- ronic club rooms Tuesday noon. W. A. Irwin, founder of the Seven League club addressed the Ad men. The program at Tuesday's meeting was given by the Pacific Mutual Life Insurance Company of ‘The principal address was made by Dwight Mead, who spoke on “The Span of Life.” Other speakers were Miss Mario Brueggerhoff, Jules L. Charbneau, James H. Kane and C. Rosewater, publisher of the Post- Intelligencer. +/Mutual Office to Be Headquarters The Seattle office of the Mutual Trust Life Insurance company will be made the company’s headquarters for Washington, Oregon and Idaho, according to a statement by Gilbert Knudtson, vice president of the com- pany. Knudtson was in Seattle to attend the convention of the com- pany's Puget Sound agencies, which has just been concluded. In preparation for its new duties, the Seattle office will be material} enlarged immediately. The new ar- rangement will be put Into effect at once. Knudtson also stated that the com pany expects to commence business in California before the end of the present year, It # intimated that operations In the new field will be carried on thru Seattle headquarters, Sees Prospect of Advance in Prices CHICAGO, April-18.—"Farm prod- ucts are still in the background in the prosperity picture,” states David A. Noyes, senlor member of the stock exchange firm of Noyes & Jackson, who has just returned from a trip to New York. Noyes said that his ob- servation In crossing Ohio, Indiana and Iilinols showed that spring work, seeding and growth are very back- in @ general way,” he ‘that the late planting season and the acarcity and conse- quent higher price of farm labor will continue to prove a good warrant for much higher prices for commodities.” Railroads Equipped to Handle Traffic WASHINGTON, April 18.—The railroads now have more locomotives than ever before In their history, pre~ pared to handle the great increase in traffic duo to renewed business and industrial activity, the car sorvice di- vision of the American Railway asso- cation reported toda, Canada Gets Big Canning Combine Word has been received of the formation of a huge cannery amal- gamation by the Dominion Cannors Co,, of Canada, and 25 Ontario fruit nerios, ‘The new concern will Nave 80 planta in Canada, and will be one of the largeat concerns of its Kind on the continent “ for the better opportunities offered by| aomic system for being a pro-| | chasing power of the farmer's dollar} California. | | No Sudden Decline resent conditions are favorable to th wishing to bulld now on an ex tens according to 8. J. Straus, senior vice president of 8. W. Straus & Co. breaking bullding construction year, Geapite the upward trend of buflding scale, material and labor costs. “We consider the time opportune | for hou! car bullding,” said Straus, whose s0 wpectalizes in building loans, “I obstacle in the) way of the nation’s buliding gram, and it should proceed without delay. In accordance with this view of the situation we will rush work on our new home, which will rank as of the world’s greatest banking and office buildings. We can se |reason why there should be a ke in the record-breaking building con- struction activities now under way in see no serious this country, Aside from some tem- porary local obstacles, this work should proceed unhindered, Ax I look into the future, It 1s my belief that we are approaching an era of development in this country | which far surpasses anything wit- nessed before, Our great American cities have in the few yearn krown and developed to a remarkable degree, but I feel sure we are on the | threshold of still more important de velopmenta. Straus said that present price lev- els in building materials were likely to prevail for a tong time and there may | progrenses, no there will be no ad- vantage in postponing work in ex- | Pectation of lower costs. “There 1s an abundance of capital | moncy rates are not too high,” added, “and unless we have excessive pro-| be further rises as the season | available for building loans and the| he | the bast Price Adjustment Is Needed, | Building Loan Expert ae lis Exceeded Production of War Year WASHINGTON, April 16 Ey Ifigures received on March bus conditions by the U. & department of He predicted a record-| erally regarded as the mor' |advances in most commerce indicate record activity in production. Pig tron prod accurate 6 actly ingle indicator of product ity, made a new high record in March at 8,621,276 tons, exceeding even tho war-time production of September, 1918. Steel ingot production, allowing for companies not reporting, amount ¢d to 3,686,897 tons in March, t Ihighest since March, 1920. Locomo tive shipments were the highest #incs the end of 1920; while unfilled orders for locomotives made a new high record. Bituminous coal production in March was at about the same rate as in February, while lumber production exceeded any month in recent year \ The letting of bullding contracts in creased over February, with the last week of March showing the highest value let since last July. Wool re |celpts at Boston for the last week of March year. Wholesale prices continue their rise, but at a slower pace, with slight of the important commodities during the past week ex- cept copper, which made the first de- cline since early in January. The re- tail food index continues the steady decline noted since the end of Fe ruary. Business failures are still declining, were the highest in over a and for the past week were the |smallest since the week of ‘July §, 1922, which were abnormally small on account of the holiday. Loans of the |member banks of the federal reserve system mre continuing ther expan- sion to meet business needs. Stock prices have receded during three weeks, while bond | prices rec ed slightly last week building costs with the prices so high | Sales of mail-order houses were the | as to check construction, there ts no turning will be short lived. “One of the factors conducive to bullding at this time is the labor sit- uation. Spring wage adjustments |/ | are being carried to satisfactory con- clusions, “While the trend of wages gener- ally continues upward, there are indications that this upward ten- dency will result in a runaway labor market for 1922, unless builders bring it about by competing against each other for the available supply of Ia-| bor. {actors that will undoubtedly govern | the wage rates during the next si, months, regardiess of contracts now being negotiated. “Reports from varigus sections of generally ts nearly in full employ-|— ment at the present time and the In- | crease fn construction demand during the spring months on the basis of contracts already let, indicates even increased shortages over those now existing. It is not antictpated, how- ever, that the shortage will seriously handicap spring constructivn projects how getting under wa; ‘NEW FINANCIAL Howe & ‘Odom Organize Bond and Stock Company Announcement was made yester day of the organization of the firm Howe & Odom company, at 206 Hoge building Annex to deal in New York curbs, foreign exchanges and foreign bonds and miscellaneous securities, ‘The firm will maintain a private wire thru San Francisco and Los Angeles to New York, being cor respondents of Knauth, Nachod @ Kuhne and Coleman & Reltze of New York. Howe was formerly connected with Chas. E. Lewin & Co. of Min- neapolis, having removed to Seattle some elght or 10 months ago. Ofom has been a dealer in Northwest securities for the last 10 years, coming here from Spokane more than two years ago, Weddell Addresses Chamber Members The personal element plays as large a part ag purely business considerations in transacting busi- ness with Indian concerns, and if American business houses hope to meet European competition in India, they must send their ablest sales: men, members of the foreign trade committee of the Chamber of Com- merce were told by W. B. Weddell, U. 8. consul general at Calcutta, who addressed their weekly luncheon meeting Tuesday in the L. C, Smith Building restaurant. Mr, Weddell spoke at the Univer. sity of Washington In the morning and appeared before the meeting of the trustees of the chamber in the afternoon, Wednesday he visits the plant of the Snoqualmie Falls Lumber Co, Grain Futures Act Will Help Farmers CHICAGO, April 18, — Farmeys' representatives today declared the grain futures act, held constitutional by the supreme court, will go a long way toward stabilizing prices and preventing fluctuations caused by purely speculative factors, Tho American farm. bureau, which conducted a long fight for the law, in the progress of agriculture.” February Exports Over $300,000,000 WASHINGTON, April 18—Amer!- can exports during February totaled $07,207,678, the commerce depart. ment announced today. This was di- vided: Europe, 169,856,020; North Amer- foa, $74,741,968; South Amotica, $20,- 112; Asin, $86,212,084; $11,798,831; Africa, $4,030, stated the opinion “marks an epoch | no}! i| WEDNESDAY Supply ‘and demand are the || secon FIRM IS FORMED : Oceanta, | largest since March, 1920, at the | reason to fear that prosperity now re-|helght of the price inflation, and chain-store sales crease in March. ‘Ship News: Tides in Seattle THURSDAY | made @ good in- | APRIL 1s APRIL 19 Virst Low Tide First Low Tide 4mm, 46 ft. [12:43 a m., 62 ft First High Tide | First High Tide ||$:34 a. my 10.6 fe. | 6:04 « m, 10.3 ft Low Tide | Second Low Tide - ™m., @.4 ft. | 12:56 p. m., @.2 ft. Second High Tide Somat High sie | TO pe mo ta seis pm, 1A tt 12:20 Weather a Report th yuntry show that bull labor] TATOOSH ISLAND, April 17—8 A. M. | the country ding pril ; cloudy; wind sourn- east, § mifes an hour. Passed tn, str Chattanooga City, oa m Arrivals and D. ARRIVED—April 17—Str Rosalie Ma honey from Tacoms, at 45. m.; str For- est King from San Pedro via an Fran cisco, at 8:26 @ m.; str Nome City from Ban Francisco, at 7 a. m.; str ElCicuta from Gan Pedro via Buckley bay, at Pam. April 16—str Gente Veronica from Tecoma, at €:20 p. BAILED—April frst President Maa- {eon for Tacoma, at & s. m. April 16— Str Admiral Rodman for Port Angeles, : dmiral Schley for Van- Tacoma, Everatt, Bel es, at 3:48 p.m; ta for New York via Ever- , Anacortes, Ban Francisco, San Pedro and Balboa, at 4:15 p. m.; str Point Adams for Tacoma, at ee © Alaska Vessels Petersburg—April 16—Sailed, str Ad- miral Watson, northbound, at 2 p. m. Petersburg — April 16—Salled, atr Queen, northbound, at 3 p. m. Beward—-April 1¢-—-Batled, ett Alame- da, pouthbound, at 1 p. m. eee Vessels in Port at Seattle Bmith Cove Terminal, A—Str Achille), str Cross Keys, str Rosalie Mahoney. Great Northern Terminal—Str Hakata, Maru. American Can Co.'s Terminal—Str Santa Flavia. Bell Street Terminal—Ship Benj. F, Packard, bark Guy C. Goas, Grand Trunk Pacific Terminal—str Curacao, Pler 11-B—Str Owego. Pier 11—Str Forest King, str Apex. Pler t--Str Nome City, schr Fanny Du- S Pier 2—Str Northwestern, rtr Redondo. Pler D—Str H. F. Alexander, Union Pacific Terminal—Str Floridian Pacific Coast Coal Terminal—V, 8, 1. T. bedar. U. 8 Shipping Board Moorings—Str Ico- nium, str Anna BE. Moree, str Silvera- do, str Delight, str West Hartland. Connecticut Street Terminal—Str Steel Scientist, str Commercial Traveller. Atlantic Street Terminal—Schr Spokane, str Albert Jeftrens. King & Winge—Motorshtp Ruby, motor- ship Anvil, Stacy Street Terminal—U. & G. 8. C. Ploneer, U. 8. G. S.C. Discoverer. Commerctal Roller Works—Str Shilakotf, hr Minda| General Petroleum—Str Admiral Toad Drydocks—Str Commerc: str Sagadahoc, str West Clty of Spokane, barge Wa, Holmes. Puget Bound Bridge & Drodging Co— Str Patterson. Ames Terminal Co.—Str Santa Veronica, str San Juan, ship Orlental, schr Geo. B. Billings, Went Beatle Elevator Co—8tr Taurusht- a Heffernan’s Drydock—Str Memnon, mo- ~ torahip Oregon, Stream—Buoy No, burn, Ruoy No, Winslow M by mers. 1 Ro} Spl an, str motorshtp Boxer, Nottingham, schr ©. S. Caesar, Reamer to Design New Hoquiam Hotel Hoquiam's new $300,000 communt- ty hotel will be designed by R. C. Roamer, Seattle achitect, it was announced Tuesday. Funds for the hotel have been raised by local sub- scription, and the hotel will be fos: tered by the Hoquiam Commercial Club, Reamer ts architect for the Metro: polltan Building Co. and ts nation- ally known thru his designs for Old Faithful inn, the New Canyon hotel, the Lake hotel and the Mammoth hotel, In Yellowstone park. Puts aaah advan. a Seely Calls *; eat otros Y vp nyberg re} 100 y etock teed enna Ne Buck paegany: Move of 8 pein soe a RB. PARKER CO., 80 Breed Stew Yerk - \ YY / | j /