The Seattle Star Newspaper, April 19, 1923, Page 12

{ } i 2 ‘ahaa TE aah Sa a ne slo “AGE 1 E STAR THUR SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, NEEDS HEALTHY YEAR ee erst IS PROPHESIED Careless Conduct Produces Automotive Trade Is Good) Many men are careless about the | is a close parallel between the post Amenities of business lif to Dr. W, J. Hindley according| tion of the automotive industry ; Barometer Waste, Says Hindley y BY HH RO There is a tremendous amount of ‘ 19 by United Press) Waste and lost motion because so} DETROIT, Mi Aprit 19.—Tr | | | | etary of| among other industries and the posi the Washington Retailers’ associa-| tion of the United States as a nation | t the meeting of/4mong the countries of the old| eae aha 7 Watneatay,| World. Both ara comparatively | the Beattie Kiwanis clu young and growing CRESCENT MANUFACTURING COMPANY “Courtesy is more than mere polite The first quarter of this year has hess,” Dr. Hindley said. “I would de-|boen the largest first quarter in the] The new home of the Crescent Manufacturing company fine {t as ‘the abliity to do the right! Distory of the industry in produc B. and Connecticut st, te thing in the right way at the right in sab nd delivers: 1 no} pr time,’ Many business men are care-| outrun it by a comfortable margin It Ia a three-story mill type Hass about doing the right thing at) ‘That brings us up to midsummer, | and built ata cost of @ the right timo, and this accounts for! ang few financial and fn enormous waste of effort. They] ory with whose conclusi @elay answering letters; they fail to! our analysis of future conditions advise whether they will attend meet-| at any time willing to commit t ings; they often refuse entirely to r Ply to so-called ‘business-getting’ let~) or four months in advance tera. All of these things entail, 2) 1 can, however, be safely sald that! their aggregate, a costly amount of| there is at present no reason to ex Bee, motion. pect otherwise than the continuance “Business is the means by which! of a very healthy ye he group of specialists is able to ©X-/ turn, means continuance of prosper change its products for the products) ity thruout the country. At the pres of another group. It therefore ts the | ont rat one thing that makes possible hu uots center, The factory is 60 nent fe The Crescent cor tures in the bulldit specifications and A. W. Quist & Co. which, in advance orders are being re celved there is every indication that WALL STREET J¢ A Perity. As goes business, so goes the | particularly th planta, | eunlee of human race. will ak tah: fo “We are in a day of organization. | means steady employment of labor Mm business, as in all things, some) The automotive industry is more| ings, Sugars w must lead and others must be led. We |than a barometer. L often chafe under the rules and regu- munity breathed easier when the f @ steel, rail- | jumped to ne the Hritish chancellor of the exch roads and building, it is a factor in Tations that this organization necess!-| its own prosperity and that of the | MANE Prices ; tus good roads. It! Opening pr tates, which 1s being reflected in &| country. It neor Jack of respect for organization, lead ership and authority. It is this high @r nature of business and this ne-| giving more in actnal value for the} 17%. up; Sessity for organization that makes |dotiar invested in a motor car than | 34is. up's Courtesy a vital factor In business | over in its history. Any industry do- | “Pei. & W een hgh lle ean |ing that is healthy. It indicates ’e have passed the day when the | progress and economy boss who has no regard for the hu-/ For the general business of the| Man element in business can succeed. | country deflation ts largely an accom- Whe man who ‘runs his business his| ptished fact. Banks have sufficient Own way and it's nobody's affair but | resources for all legitimate needs: | Ris’ 1s doomed to extinction. The| bugthey are not likely to encourage | boss who considers himself as a com-| speculation or inflation. Barring un- servant to a common organiz@- | foreseen factors, prosperity continued & : tion in which everybody from himself | tnruout the year is largely a matter) CHICAGO, April 18 down !s a member, and entitled to of the co-operation of industrial lead. | 4FoPPed on the board of trade today the human rights of membership, is/ ors and the rank and file of workers @ result of better crop reporta the man who foday !s elevating him-/in the use of economy, maximum |M0Fe favorable planti self, his company and business {n | productive effort and careful man- |!" Weather and repor general to a bigher plane of suc-) agement. jbad an exportabi cess.” z “ A. I. B. President OLYMPIC BIDS _ Has Had Rapid Rise) OPEN IN JUNE) Caspar W. Clark of the Union Na} Rids on the erection of the Hotel tonal bank. who was elected prest-| Olympic will be submitted by June | «rain belt @ent of the Seattle chapter of the} 1, it was announced Thur at the American Institute of Banking Tues-j offices of the Community Hote! cor- t demand was mode Gay. has had a rapid rise in the! poration, in the Chamber of Cour) Cash demand for corn dropp: businéss, He was graduat-|tnerce. The contract will be awarded and tho sho’ Williams college in 1915, and | immediately thereafter. The success | b0US m1 i of the same year bezan/ tut bidder will be ‘called upon to put up a bond for the full amount of! the Midd the contract. Southwest were much more has steadily advanced to the| ‘The first installment of the plans | “>'* Sd Of assistant cashler and man-/ for the new hotel will reach the city | port In moderate quaniities,, ‘Trade. thevcredit department, which) Friday, {t was announced. The re-| however, was generally dull. The he now holds. mainder, covering plumbing, heating | ¢xpected heavy oats acreage has Clark has been an _nctive mem-jand lighting details, will arrive by |"qwed uP the demand. | ber of the institute. He has served| May 5. with grain bi ae. of its repo glaonsa was a| The contract will call for the com- ties) : nber of the board of governors for | pletion of the structure by May 1,! H Boa: ‘two yenrs, and last year served as| 1924, with a bonus of $1,000 a day |Chicago Board of Trade for completion before that date. A| ee | penalty of $1,000 a day will be ex- tudebake onda, 49% up & quickens commerée. Today this Industry in general ts = =o =| = a=] —s co ri aa and gr that Russia rplus of grain siiue ME ndit elling thin the weather the job. Work on Bigelow | ‘Twenty industrials, 102.14, up .28; “43° i ‘20 rails, 87.41, up 82. Building to Begin| ae In the week ended April 7, rall-| Construction of the new Bigelow |, Lard— Toads ordered 55 locomotives, 450) building, on the northwest corner of |MAy "1": [h2] UhdT gh Ths freight and 36 passenger cars. Fourth ave and Pike st., will com-}| » It was announced yesterday that}mence May 1, !t was announced/ DFE acne 7 9 Ne joa the Pullman Co. {s now employing| Wednesday. The building will be |7@%-s++-- 192%, 1027, 10.20 tee largest force since 1913, eight stories high, of reinforced Railroads of the United States are| concrete and building stone. It wilt Portland Produce | Mow in the market for approximately | contain stores on the first and sec. Wednesday's Quotations 250,000 tons of steel rails. ond floors, and the remainder of the | Batter—40@430 ib. Government will withdraw $7,565,- | building will be arranged for offices | E 4 000 from New York federal reserve|for doctors and dentists. Hene=tig ite Ib, _ banks Thursday. The contract for construction has + Pat thd Austin Nichols & Co. year ended} been awardd to the Sound Engi 31, net profits, $658,763, | neering and Construction Co, N. Y, Sugar and Co ffee against $24,698 in preceding year. emg 8 Sagar—Hirm. Raw, $7 i International Paper sold at new|y + F od, $9.81 rt “jow for the year. ‘The annual state.|Lasten, My Children, cattee Fide ep Hate Ih; Bieay, at ® Keen disappointment ©) and You Shall Hear ees Two hundred and twenty-three} In honor of the anniversary of . sand dollars additional common|the famous wireless message, Miss _ Foreign Exchange stock of Pacific Gas & Electric has|Elinor Baird will read “Paul Re-| NEW YORK, April 18 en ex- i . é change opened Irregular. Demand ster | been admitted to list. vere’s Ride” at a dinner of the Se-|iing, $4.66%; franca, $0.06524 lire, | 3 The General Petrol i attle Life Underwriters’ association Rae marks, 28,571 to the dollar, off | stockholders’ meeting yesterday, au-|at the Masonic clubrooms Thursday Rate: SOS. a thorized issue of $10,000,000 five-year |evening. The Seattle Purchasing! “per cent notes, proceeds of which| Agents’ association will be guests, Wheeler Tells of ‘will be used to construct storage fa-|of the evening. cilities in California. Directors of Martin Parry Corp.|of the White Pass & Yukon route.| Harry A, Wheeler, former Faised yesterday the yearly lividend| 4 report of the educational con-| dent of the chamber of commer Fate on capital stock by declaring a| gress held in Victoria last week will|the United States, left Wedne ot ‘Quarterly dividend of 75 cents a share| be given by C. H. Twiss, president| for Bel am, in company with ‘Payable June 1, record May 15. of the Seattle association. J. HL , who js a director of that organization for the coast district, Wheeler was the at Ratlroad ave a substantial stride doubt that the second quarter will/ quarters, and by scientific arrangement will » ite productive crete exident, and BE. Rex Smith, secretary-treas of employes, and the employes’ cafeteria t rooms were made promt selves for @ period of more than three the Black Extate, owners, J. R. Ne UAt rate at this week's meeting ree, which | Was entertained in well-informed bank N. Y. Stock Market Wednesday's Quotations Purnished by Logan & Bryan B10 Second Ave, Locomotive. 14 Ralttmore & Ohio Methiehem At Iilnote Central | Invineible Ot Keystone Tire Lima Locomotive | Middle Htatos O11 | Montgomery W National Hlscul Petroleum 71% | Heavy, tancy Veal— | Pierce Arrow | Pacitic On, Producers Hefiners 3; refed, firm; | Replogle Steet | Savage Arnie Sears Roebuck Standard Ol of ¢ Westinghouse Elec Foreign Securities Wednesday's Quotations Furnished by Logan & Bryan si Anked | Veal The speaker will be C. J. Rogers National Chamber |,,: Hfic | Hyitien Vict Kuest | Britian Ket. Seattle Is Growing! | RAILROAD PLAN GOOD YEAR FOR Ship News BEING FORMED RAIL EARNINGS Ties n sea ruuner AVAL 19 Vist Low Tide Commission Will Announce Moody Sees No Wild Boom Details This Fall in Equipment Buying Vide d low Tide Vide BY WILLAAM 4. Losi Mood oh the of f nerond High Tide t liquidation of $ 6 fd WASHINGTON, Ay 19 ‘ 1 ir urrent nis 6 unted bil $1,000, Announce its final plan of railroad i. Weather Bureau Report ' y APIS consolidation in the fa ur . Ly i tt A ’ 4.) an 9 " The commission embarked upc ndable for ng freight fadiing:. £9 nd South, | olay n open market nh with the t —* . ’ “ « on plar equipment busine c ahiet-¢ be “ “gl yao 1922 outlays for rails and equipment bills hown for rve bank a Aug pat . one at Cle Richm tentative scheme, ‘which unlikely to exceed $626,000 Arrivals and Departures me at Cl eons Mak ys ed with about $44 AHEIV ED ‘ Jet fern : 1 . val" 0 f . aak r Deposit Mabilities dec at for profit on the pris the ’ members’ reserve deposits showing anked ¢ ® their view mn id " ' pal, rate . 4 al re roman P Shan tnerdiy Cor tisceia’ ‘one meade to 1X ™ Han Francisco, at 4-15| substantial reductions. Feder ing nd to furnish the comm : | thet pk ' t ‘acon ats ve note circulation declined $9, elieved ‘shot thru which the bond’ market i regis str Chatta- | 990,000, cash reserves incr rved uid be emt Te ere saan Sta it heen occ Baitin at | 400,000, while the reserve ratio th ~ v iT ' at nm at u . a rise for the week from 75 to 76.3 ‘ t hold First, wh ade becon t eee ave er | their, gold page’ | continue to hold Tait men withdraw work SAILED. thw wm | Silongo reports a t § t St thas wis Pe t ; ‘ 4:30 @. mm. A i. #.| ment for the week uber. ‘i t bond tA t for Bs ¥ran-| New York, which reg Local Markets | : DAY, APR Building T RESERVE RATIO RISE REPORTED Statement Shows Increase in Gold Reserve in its gold reserve of $11,60¢,000 Liquidation of discou e Third . 3 ted largely bills VEGETABL ex tive ' ort ment obligations, w take money to finance ’ mey f "| dec for the week from $380,800 on April 11, $184,200,000, or 56.3 per purth, the gene Alaska Vessels ent, were secured by 1 bonds a eee by treasury notes, and $5,600,000, or ’ cent, by tr ry certificates : ual experience Vessels in Port at Seattle 4 with $202,900,000, $2,300 I earning pt 1 8 . 00,000 and $10,000,000 re #, nhpuld be ported the week before : as to both gros ahs mai f & \ 6 of thin « Peppers—ver th n «pite of t general Local white, ton.,.16.000 16.00 Terminal—Str Santa ‘Half a Million _ oes aa. use| PORT TO BUY é wc| wi ale Beste thie summer ae Spinach Waila Walia Seeker 3) | ICE TRACTOR Me tesrectan « rRUITS Purchase of © combina n tractor a ern, ate Prices Valid Wholesale Dealers i" r the ha of fee A— miral Redman Apples. $\¢ Spokane st r . al tr Cura Macks, box was ‘authorined by the port : 2 oe - ong hag weekly meeting Corommute— jer der Dates—Dromedary Vige—Vreen Cx rape Vrult— Vier jeoney—Comb, per ¢ Lemans Ver box Oranges Per box Btr Chatta aveler Pineapple an, per cane ncte rehip Ruby, motor- Tangerives—iiandara box it hax been nece Pre ee U. 8 G. B.C NUTS cara that gee to be 3, 8. C. Discoverer. — | Prices Paid Wholesale Dealers out of t Spokane Works—Str Shilakoff, Almomde—1 X. Le, per Mt, 2 rminal at sider Peanats—Va.. per Peeane—Der th Mixed Nute—Per tp WalnuteCai, No. 1, per t at Budded, per te. . a4 DAIRY PRODUCTS nd foe r will carry the cars and eliminate much of the switching} Commercial 8p st charges, West Katan, motore:ty Roxer. io delivery white abel! NEW YORK orders of the Republic Iron and | Steel Co. on hand M ed to 362, tons, Mitk—Cwt. £6.b. Honttic ¥_O. B. candensary DAIRY PRODUCTS Prices to Retail Dealers Local creamery, cubes Paxter Went Se rch 31 amount-| compared | Heffer | wit 9 ece: i tor Oregon. With See.a68 on December Si Matt | sicsam—Duny Me and 130,531 on March 31, 1 bura, Buoy No Ma th Barge W. B, Flint . Shipping Board Moorings—Str Teo- “, str Bllvera- Brokane, | ‘Terminal—Motorahip | tr Sagadahoc, str | f Dity of Spokane, tir Forest King, echr C. & Holmes, str | Puget found Bridge & Dredging Co.— riees Duid to Shippers . Str Patterson. meiterter Unfilled Orders | ames-rminal'Co—Atr dante. Verona str Ran Juan, ship Oriental, echr Geo. for Steel Pile Up % (Billings, str Redondo, echr Henry April 19.--Unfilled [Colman Creosote Worke—Str Horace X. ttle Elevator Co.—Str Tsurumhl- ‘n'a Drydock—Str Memnon, mo- ip Abner Co- cording to Henry Broderick, of Henry Broderick, Inc., who has just returned from a trip thru the ern states. A heavy tourist travel is headed West from practi all parts of the country, ‘Take Fast Steamers at Cplman Dock Seattle to Bremerton Dally fal 7:15, 11:20 A.M. 3:00 P.M. Tf | Extra trip Sat, & Sun, 9:30 P. bw Passenger Fare, #0¢ Reund Trip] NAVY YARD ROUTE Ff Colman Dock Mein 3993 mx a Ei EX ET ET ET ET POULTRY AND MEATS Prices Paid by Wholesale Dealers to Shippers Fryers and Ronsters—Live, tm Capons—Live, fat, 2 Fancy, a. p. Mens—44 Tha. and up Medium, live, 3% to 4% Iba. Live, light, 3 to 3% TM Fancy dry picked 3 cents above live. | Gerse—Live, tat, # to 10 Tox, Heigian Haree—4 Ibe, and up Turkeye—Fancy 4. p.. #-16 te. a Roosters—Oid, live, per tb... Moge— Chotce, light . eal Fancy, Neht Medium, ight me 16 é OO 12 Mad., heavy, 150-200 the One (09 Fancy, heavy, 150 to 200 Ibs .10@ 113 POULTRY AND MEATS Prices Vaid Wholesale Dealers e—Dreawed, per Tb. F Heavy, Medium, dressed LIVE 8 Quotations at Stockyards Cattlo— | Prime steora Medium to goo F ere Prime cows and hel! e cow Announces the Removal of his So a RR RTE Club Meetings The Industrial Development club il hold a meeting Friday evening, April 20, at 8 o'clock, in the Masonic club rooms in the Arcade building. All commercial and improvement ‘clubs are asked to send representa- }luncheon given at the Rainier club, of the Seattle chamber at noon at ode? tien | Retytum Germa build: | Hert at which he discussed the ne ing which the national organization | Japanese ts .... |Japanene tet sign [Japanese Ind 4% on headquarters,” | tinited Kingdom k for American | United King business when matters come up in| !t*lan Cons, ba... is erecting at W: “Our Washi: he said, “will spe ashington. congress and the national adminis. |trative offices affecting business In. |terests, It will maintain « constant contact with the federal government, | just as organized labor and organ ized pgriculture do. It will be th CURRENT ASSETS MORTGAGE Current assets are those which LOANS represent that portion of the capital ON an @ business that is invested in as- _ sets maturing within a short time or Seattle Residence Property | Pacific const, as well as for the busi- ness of other sections of the coun. try.” Dr. Waldo Elected which are available ofr the payment of current liabilities. | ‘They include such items as cash in hand, bank deposits, working funds, | notes and accounts recelvable and in- terest which has accrued, Such items 0 _ of current assets as are cash or can _ Feadily be converted into cash, are| NO COMMISSION NO BONUS NO APPRAISAL FEE Only Charge Being Actual Expense THE BANK FOR SAVINGS Pine St. at Fourth Ave. Dr. W. E. Waldo was elected to the presidency of the Seattle Rotary club at its meeting In the Masonic clubrooms Wednesday noon, Dr, Waldo has been a member of the Rotary club for over 10 years, and ja well known in business and pro- fessional circles. At the Manny way elected vice president BANK CLEARINGS Seattle elected treasurer, L, &. Welling, employed by a num- her of Western roads as statistician, declared that carriers should be granted an jncrease of rates that, would ayerage 19.46 por cent thruout the country, “Clearingsy .... ...++ 6,186,617.61 Balances peers 1,146,399,39 Foreign Mo » B10 Second Ave Seattle ’ | headquarters for the business of the Rotary President | ame meeting, Henry W. |, | aeeioer weed ied cratel Heed 100" and Edmund W. Campbell was} ¥ San Francisco Produce Egur—lixtran, Prime lamba Cull lambs « Ment. LOUR AND SUGAK Ww lends, local. Art, local, 49's, bbL. cal, bales .. iugar—Cane, per owt Beet, per owt GRAIN City Delivery, Wholesale, t 00 : Barley. 1 nd, 80'm=100'" f | Oate—Whole, food, 101 Rolled and ground, 70 Sprouting, 100's Wheat—Hocloaned feo Genin Chop: Growlng Mash—100's, no BM Yee Mash—100'%, ne Dh, M Wheat— Mixed ¥ | Cocoanut Mev Cottonseed Meal, 1 Alfaifa Meat... .. Meal, Bone—Ur Charcoal Fish Mow Grit Limentone Granite ailor Shop Fifth Avenue At Union Street to