The Seattle Star Newspaper, April 23, 1923, Page 12

PAGE 12 am | FIRMS REPORT | | TRADE GROWTH [| Manufacturers’ Meeting| Has Optimistic Tone Peter David, president of the/ Puget Sound & Alaska Powder Co. of Everett was elected president of the Manufacturers’ association of Washington at its annual meeting Saturday. Other officers elected} were: John T, Lund, Seattle, and | H. Ll. Whiting, Olympia, vice presi: | dents; Ernest Hemrich, Beattie, | treasurer, and F. L. Averill, Seattle, assistant secretary, Clanecey M Lewis remains as secretary. Fs Optimism for tho future of Wash: | Fs twgton business was the keynote of | : the meetnig, based upon concrete | 4 reports of business expansion. The aa mew president stated that his own | ‘ business has increased 95 per cent | a during 1932 and all indications | j Pointed to a continuation of the| Progress: during this year |} MANUFACTURERS REPORT GROWTH | q H. L. Whiting, of the Olympic that present | } Knitting Mills, said 3 prospects were for an increase of | 35 to 90 per cunt. Secretary Lewis | Teported inquiries from mony firms | Planning to install double shifts, — | Washington has the prospect of} becoming the largest paper manu. facturing state in the Union, de- glared N. B. Gibbs of the Washing ton Pulp & Paper corporation, Port|of the Washington Bakerie: Angeles. The suits worn in the pictur C Prospects for woo! manufactures in Washington ure 1 y limited, said 1. R. st manager of the Associated In the Vancouver Woolten Mills, re porting growth of his and other Seattle Saturday. | | SEATTLE BUS Wear Washington-Made Suits are 100 pe 1o., Seattle; Clancey M. Lewis, dustries of Oregon. wet sugar industry prosperous A round table discussion, conduct @i by F. A. Ghigitone, on “Why Washington Manufacturers Do Not Patronize Washington Manufactur- ers.” was a feature of the morning Session. One of the chief reasons given for instances of buying ont wide of the state was the fuct that Home factories had orders billed far ahead that it was impossible to #et prompt deliveries. COMMITTEE PLANS DURANT PLANS it Is te Be a Family Affair, Says Announcement OAKLAND, Cal, April 23.—Plans of W. C. Durant for the launching eee oeriON cluded with aft * Dew national bank i concluded with a} — aii Panquet at the Hotel Gowman, fol-|¥°rK city, to be fellowed by Towed by the evening meeting. branches in other cities later, were In the afternoon the state-wide | made public here today by the Du rant corporation. The bank will be capitalized at $45,000,000, and wil! be financed by the sale of shares at $150 each to stockholders in the various W. C. Durant automobile Industries. Only Durant shareholders will be | permitted to buy bank stock, the | announcement eaid, and they will be | tmited to one share of stock each. The establishment of the New York bank will be followed by estab- 5 lshment of a branch in Oakland, ‘Twenty industrials 101.35, off 1.20:|Cal., the announcement. declared. falls 87.35, off 65. It* indicated tat Carrol Downes, ‘Dun reports failures week 418, vs. | Vice president of the Philadelphia ‘FS2 week ago and 485 yeur ago. National bank, may be active head ‘Bradstreet places failures at 396 /|of the new enterprise. 994 week ago and 448 year ago, | or a manufacturers’ committee, named to! Mer-* ns E ‘Plan the Pacific Northwest chants” exposition, to de held Ztile in July. bela its m H. Hatch, retiring preside: Manufacturers’ association, is chatr. jeter, but manufacturers and supplies with ampk: orders months ahead, Jobbing trade do mills. J..W. Timpson of the Utah-Idaho 1 Sugar Co. Yakima, reported. the NATIONAL BANK in New| | | | WALL NEW YORK, April end how drastic last week's dect authorit ed that the pr paune and not ut an rials ac the red advance STREET JOURNAL Wall Streot had Ume to consider over the week- cumulation ¢ THE SEA" nt Washington-made. The wool woe grown, | close ot the « spun, dyed and woven within the state, and .the suits were made by Washington tailors, | #0 claims that co-operatively owned In the picture, from left to right, are E. H. Hatch, retiring president of the Manufac turers’ association and president of the Yours Truly Biscuit Co. of Seattle ; BE. J. Sperry secretary of the Manufactur- ers’ association; T. M. Finch, field secretary of the association; L. R. Steelhammer of | the Washougal Woolen Mills and district advisor of the association, and D. C. Freeman,| All of them were delegates to the convention of Washington Manufacturers held in FINANCIAL fact that all revival w had been in view nt lull in the be beginning of p buying orders a opening and Opening prices: Crucible Steel, 7 . 52, up Ww) Stude- baker. 121%, off %; Baldwin Locon é Pan-American i, 4; General M * 18M) Ame’ n, 96%, up St Hethiet | oft Mi; air, 3 oft i 49%. off te; Retail Bi up %; California Petroleum, 4; Baltimore & Ohio, 51 } Southern Pacific, §9%, off \; Union F fie, 138%. up %; United Btat Steel, 105%, up \: American Sugar, §0%, up % * Public Markets j rooNomMyY 1 Ms. best cane wumar, fe mayonnaise, 4t¢ .; home-made h spread, de M.; Swift's Prem! *s T.; Awift's botled — siiced, 6 Swift's Prem art niGHicago, Aprit 31 Wheat WA") beet, She Ib; Chattorton’s br Ste higher and rough grains lower at r the clone of the board of trade today, | ‘% 400 Supreme Blend coftes, 2 Ms. The, Export buying of wheat caused |3 Ma, $1.10; fine, full flavored Orange the strength: About 700, pad erik Pekoe tea, 686 1.; ground chocolate, 28, were sold for shipment abroad, the|* s : largest export business reported in|? ™* «be; pure cocoa, Ihe, weeks. pure black pepper, 2$0 Tb. Ma! frean | Altho littl wheat seeding was re- whan: 180; |ported in the Northwest during the, gs Telephon | week, ‘many farmers are ready to] oo lenter the field of the week. | potatoes, $1.10, dalivere Corn was ¥ Hatidation | bore "pion pure cane a and weak thruout the short soaaton, | fortis Mubes pars eave dvance i |1t fai d to respond to the in wheat. ‘The pected In corn to replace wheat largely influenced Oata were weak with corn, Provisions were lower, Chicago Board of Trade ‘Saturday's Quotations Wheat Open High Low Clove well. | Maye... 8120 OL35 $L23% $1.25 Dun's review of business condi- PROFITS TAX at atts ae ons reports abatement of new buy- | sh 2 and reactionary tendency in aoe " May 7 bd some markets, which is regarded as | Needed to,Curb Undue Rise {::: temporary pause, ‘ . Oat “Pan-American Petroleum ia an-| in Prices, Says Nelson say “aK report for 1922, to be issued | nk ie will show net earn:ngs of $31.-/ WASHINGTON, April 23.—Pros-|' Lard , equal to $12.08 on out-! perity prices and profits forecast the pen hey - = ling $59 par after 50 per cent | return of the excess profits tax, pre- | 7"i,5°~ Lenicel dividend, according to E. 1. | dicts Representative A. P. Nelson of | May. Nominal #0 ¥ | Wisconsin. |suly: 996 9.05 892 8d | eee Armour & Co., 14 months, October) Nelson !s general In charge of the he 1921, to December 3, 1922. report | progressive bloc’s affairs, while Sena- Chicago Car Lots iB operating loss of $7,628,637 after | tors La¥ollette, Brookhart, and the/ Saturday's Quotations iting off $8,273,000 an deprecia- | rest of the generals are absent from: | Paraicnet by Logan Beye ion. Crmpany’s surplus now stands | the Capital irain— Rect. Cont. Kata. Lt.Yr 40,276,402, compared with $63,454, Nelson says the anti-trust law and! wn uM on October 22, 1921. “There is | other regulatory measures have Coro 19 HH p reason to doubt that thé post-|falled to control monopolies. He $y," " ie fF readjustment is quer and that | mentioned the sugar gouge, the high ieriey.... woe bur business is now on#A permanent-| gasoline and coal prices, and sug | Hees C sera jaytih Pores fitont ly Ty profitable basis,” President White | gested that the excess profits tax) ("jy,°"*" ' ; | would be the only sure way of con- | rolling avaricious big businesses, Samuel Untermeyer, the New York New Issues | gressive bloc leaders, trying to de- ; j| vise a legal method of getting at "Wo Straus & Co. have pur | Price controlling monopoles, Nelson tan issue of $560,000 first | S@!d- i . 1 It seems to me that we must have norigne 6 cent coupon of tn Winer & childs Co |@ tax on these excessive profits,” he |added. “We're not opposed to giving sts pened pte Ma.|@ man a fair profit, a good profit, tu run from April 1, 1924, to| but we're determined that we shall April 1, 1935 i | control the desire for such profits ax a |are now being taken. There ts no doubt but that we can restore the excess profits tax so that eit will work. It worked before, and now we can improve on it.” Meetings Railroad Official UR. ¥. Boyns, former president of | ‘the Chamber of Commerce, will | Speak before the luncheon meeting | +4 + ‘Of the foreign trade committee of | Will Build Home the chamber Tuesday, at the L, C.|. I+ B. Da Ponte, of the Northern Building restaurant, on {Pacific Railway, has purchased a Possibilities in Central|omesite at the northwest corner Mr. Boyns recently re. of Federal ave. and H. Blaine at., from an extended trip thru Henry C. Ewing company announced 5 territory. Suita Fujiyamu, Saturday. The new owner will im President of the Tokyo Chamber of |Prove It at once with an attractive Commerce, aiso will be a guest of | residenci ‘the meeting. & ‘Smith “Trade America.” | Chicago Grain | Price Range for the Week | Furnished by James Macfarlane & Co. SLL Becond A High low Clone DISHONOK ++ dishonor is the refusal to ac- Agee Met ed pt or pay a draft or other com. | \ iti Aad te | paper by the person on \% A ‘80% yhom it is drawn. | pte ty 1 ea caer : TRY THIS | M44 44% Chase wild builfrogs for three mijex gather up the hops. Td them tet rth3 add ten gallons of tan bark, halt a a el fint of shellac an one bar of home- ee : ipa Winniveg Grain | Price Range for the Week Furnished by ‘James, Mactarlane & Co BIL Second Ave, Boil 36 hours, then strain thru an | W, sock to keep it from work- ig. Add one grasshopper tw each Pb leased Ayer a, eine . sees 2 1, wint to give a kick, Pour a little | iif)" Tab Le rat Into the kitchen sink, If it takes the enamel off it 1s ready for bottling — Dry Gapds Economint. Hixtending about a mile, 3,000 Huourners were present at a funeral | .,Wnet— ay ire, England, recently, ' guy, ae Minneapolis Grain Farnished by James Moctarione & Co. Price Mange for the Weel 1k Second Ave, Meh low Clone F127 $124% $1.28% 1.36% 1.26% 127% | trust buster, is working for the pro- | Cash Wheat CHICAGO, Apri! 2 2 red. $1.32; No. 2 hard, $1. vive Portland Produce | Saturday's Quotations Egns—24 @ 260 doz. | Cherse—25 @ 240 Ib. Hens—22 @ 266 Ib. : N. Y. Sugar and Coffee Saturday's Quotations Sugar—Quiet, Raw, $7.9164.03; refined, quiet. Granulated, $9.6069.85. | Coffee—No. 7 Rio spot, 11%0 1b.; No. 4 Bantos, 144 @150 tb, car) Foreign Exchange W YORK, April 21.—Foretan ex- evened iveeslic. staring: franca, 10.0666; lire, $0.0496% $374 to the dollar, exe © Bterling, $4.65%) 140.0666; tre, $0.0695%; marks, }the dollar. Foreign Securities | Saturday's Quotations Furnished by Logan & Bryan 810 Second Ave., Seattle Stocka— Bia Asked Rusisan Sie, 1921... WY 18% 1926. ...6+0006 1 2 le + 11% Prench a1 pea French 4m, 1917 40% 42 1920, «7 69 1927 $8% 100% 1929,. 95% 100 British Victory MORK Hritiah Nef. 4a, ohn "6 Belgium. Restor, .t) 52 Belgium Premiy oe German W, 4 Berlin 4a. 7 Hamburg 44a 1 Teipaig 440 7 laiprig bm oe ’ Munich 4m 1 Munich fa 8 Frankfort 40 7 Japanere 4a a2 Tapanene iat ign 99% Japanens Ind 1% Uni lialian Cons, 6x . ' Liberty Bonds Satarday’s Quotations | Furnished by Logan & Bryan | 810 Second Ave., Seattle Merle High Low Clone Firat 2i%m . +101.04 101,04 Virat 4 meu Becond 4 Firnt 4% 97.17 Hecond 44a .. 97.09 hird 4% 97.30 Yourth 44a. O78 Victory 4%e 100.00 100,00 New 44a 99.00 99.01 pha. Sea Fodm washing powder bare Wool soap, 280; tte can Calume! baking powder, 28¢; Log Cabin eyrup, smatt ree bic; abe | ares pineapple, pore black je; ok table salt, ean ett pepper, ide PIKE PLACE ugar, §6e, ; all 1 36, i fresh King 4 ts. the broken slice cans solid seedless cans clam ate; raising, : 3 fhe, raisins, ripe olives, 260 pt.; Pimen Libby's orange marmal best prunes, 260 1B.; milk Stal 65, mayonnaine, 406 od Island dressing, 600 1; m brown bread, if0; Boston Stall 99, 4 4 oans milk, kind, be Jeookles, 2%0 M.; ginger snaps, 2 The. | elbow macaroni, 4 Tbe 266; rade cocoa, 3 The. ike | CORNER | Stall 2, pot roast, 1@c M.; bofling beef, 4 ® Se; fancy beef et 5 steak, 2 tha. he; back bones, hamburger and saushige, bacon, The; hama, 28% syrup, hope and bottler’ supplies; line ‘of. Beandinavtan mackerel Btall 91 2 pkes, 1; Tho | Boston x baked be Htail 305, mi 30 Stalls . 1803 #00 bacon 104, Royal taking powder, 600 can Uneeda Biscuits, ,bc; Grape Nuts, i 2 cane olla pack tomatoes, 20; 4 cans milk, $80; 3 Tha Ghirardelll's choco. 40; 4 hotties Paul's Jama, 790; 10 bars Polar White soap, 250; ¢ big rolls tollet paper, 260; 5 pkas. Mineo, 296. SANITARY Stall 109, # Ta best cane sugar, i cans milk, 290, any kind, 260; salmon, am ‘necta Oryat 200; | hotties 36. Stall soap, 2éc, limit 12 bare to a customer Mazola oil, 470 qt., limited amount, Stalls R-19-15, new potatoes, 200 Tb..8 The, 360 home grown asparagus, 300 and 850 Tb. spinach, 2 tbe. 180; peas, 200 tb.; toma- toes, 260 T.; Florida grape fruit, 16e, 200 and 2 for 260; cucumbers, 260 and 390 each; new carrots, 100 bunch; new bests, 2 bunches 26 tale 24-27, Ghir- 2 the, milk, #9¢; Lox 6c; Del Monte fee, bulky 380 Stalis 6-5, pall Yakima phan, 260, 70, 200 pt; Mille” Tbs. bulk cocoa, 2 240 doz; 5. Pimento cher thas 2 puller honey, Stall 47, Tengarden strawberry and raap- berry preserves, 330 Tb. arden black~ berry preserves, 260 Tb.; Jain, 200 Ib.; Jelly, 220 TW, WESTLAKE Stalin 20-21, wcratch fond, $2.28; chick | feed, $3.46; ‘cracked corn, $2.36; exe |iash, $2.60; Gold Bond flour, $1.86; | Westlake Special four, $1.46; Centennial r, $1.90; 400" hard w at flour, bare 250 16-17, white omnut White 90 {wn ap, 6 barr fe pk. ; toltet pa Pacific pin | chovi rolls {r00 « Nox MAD, Pitre cider Vinewar, 166 can apple butter, 10¢; 3 The. prunes, 26¢. Stall 104, bolling beef, & Thm, 260; pot roast, 10¢ and late; mtecr steak, 160; pure lard, 160; sugar oured bacon, 260; Sinclair's Eastern ham, 27c. Stale 167-168, fresh creamery butter, 480, 2 the strictly fremb ranch om American’ cream cheer cheese, 850; brick cheno WESTLAKE HN food, $2.35; chick ORK wah, $2.65; cracked Gold Bond flour, $1.86; Weat- $1.86; Centennial Bewt "400" hard wheat flour, $4, 7, 7 barn white soap, dbo; 6 comnut White foup, 260; Penick ayrup, 10-Ib, pall 660; Fanama sliced Pineapple, 280 can; Libby'e apple butter, 100 can; 10-M, wack table malt, 200 Stall 166 can ayrup, 100; black figs, 176 evaporated mweet corn, 7 pkKH, 260; 160 can DP, 260. Boll Stalin 20-2 feed, $4.41 corn, $2.96 Jake Spectal flour, $101 3 ibs, butter, 100; 7 bare 1M, pure lard, 100; sugar cured nm, 260; hi 2140; pot ronmt, 12%, Atal wo, Woes b-tD, pall Yakirow » Sie; 260 comb hot ife; bulk but 00; 4 large dill pickles, + the 100 pt. Japanese policemen are finding it necessury to shut down dance halla in Tokio and Yokohama, tomatoes, | Tie; 4) INESS—Finance, Produce, Shipping, WILL DISCUSS Baruch Says Prosperity LUMBER SHOWS JOINT OWNERS, |Co-operative Ownership of | Apartments Is Not New The tople for the opening day's program of the division of m nt at the 16th annual cor vention of the National Ansociation of Real Ketate boards at Cleveland. June will be co-o ative ten ant ownership of rtment build . according to an advance tenta | tive program received by the Seattle Real Estate association this week | ‘The discussion will be led by Albert | W, Bwayne of Chicago, who has ar ranged and financed the construction | of a dozen or more apartinent build ings in Chicago and other citles on & plan by which all apartments are |apid to the tenants and in place of |Qental the tenant owners are each| asnonned for his share of the operat-| ing exponne of the building, Mr, Swayne is authority for statement that the co-operative the| an applied to modern apartment man-| agement is something like years old, but co-operatively apartment building int in York and Baltimore that have in operation fc New York pro: neven owned New been and one, a dates from the Mr 30 years et, ar Swayne dv rman old in} ings are a century and almost that multip | England. Local Markets VEGETABLES * Tald Wholesale Dealers Artichokee—Cal, per dow s0@1.26/ Arparagwe—Cal., per tb 1o@ 113 Wash. se aT te—Cal. buneh,” dos Cal, per tm Imp, dom. bunches j Cucambers—-Cal., hothouse, dow 160! hothouse Yer % ; 1. A. per crate Onlone—Cei.. brown Perciey—toc. 4 Green Peae—r Peppers rats epeck bunches FRUITS Prices Paid Wholesale Dealers Appies— Arkana Wine tug. * Tineke, box im extra fancy Rananas rer Cocoanuts—er doe Dates Dromedary Narre Grape Money t-pke. box Pineapple—Ouben, per case... Tangerines—Standaré box ..... NUTS | Prices Paid Wholesale Dealers Almonde—1. X. L.. per Ib. per M, Pecans—Per th. Mixed Nute—Per 1p Watavte—Cai, No. 1, per Te Wedded, per M, ...,. + DAIRY PRODUCTS Prices Paid to Shippers i A grade, Heattie delivery...... Eage—Fresh ranch, white ahetl. | Mixed colore | Put Mitk—Owt, fo. | ¥. O. B, condensary DAIRY PRODUCTS Prices to Metall Dealers Batter—Local creamery, cubes Local prints, wrapped . Kaae—Fresh ranch, white shell, Mixed colors . Puti Sedsncite Cheere— Or. tripter Wisconsin « | Mock swiss Wash. triplets, . Tillamook triplets » POULTRY AND MEATS Prices Paid by Wholesale Dealers to Shippers Brollers—Leghorns, th. Rocks and Neds, t Capone—Live, fat, MD. Fancy, d. p. ....- Mens—4\4 Tr. and up .., Medium, live, 3\) 10 4% The Live, light, 3 to 2% Ms. Fancy dry picked 3 cent live, “Live, fat, # to 10 the. laree—4 ibs. and up Heavy, fancy, . Voul— . Fancy, light us | Medium, leht 12@ 114] Med., heavy, 150-200 the, Oe 10 Faney, heavy, 150 to 300 the. “10@ 34 POULTRY AND MEATS | Prices Vaid Wholesale Deulors Duck®—Dresved, por Be vcs, ” Hons—Dreased, bh r Dreaned, light . Live, heavy, %. Live, ght, Th. Fryers—Per th... Geese—Dressed, per Td. . Tarkeys—Fa: Live, per Drested, per 1, vat, Heavy, col Medium, dressed, | | | Cattle— Prime steers 8.26 Medium to good tise 7.60 Prime cows and beifers 575@ 6.95 Prime Wht seesseveereces 9.008 9.36 | Heavy calves . 4.50@ 6.00] Bulla. + 226@ 3.00 Hoge— Tight calves .. Smooth heavy . Rough heqry wri? . cep — Prime lambs Cull jambs Yonrtings Ww FLOUR AND SUG! Wholesale Prices Flour—Diends, loca! Sugar—Cano, per owt. « Beet, per owt. ... . GRAIN AND FEED City Delivery, Wholesale, Per Tom ¥—Whole food, 100° z Rolled and ground, 80° Whole, yellow, 1 Cracked and feed meal, 100) Onte—Whole, toed, 100's | Rolled and ground, 70' Bprouting, 100'# ..... Wheat) Recleaned feed, 1 All-Grain Chop: : Chick Foed—100'8 sii \Ohtek Mash—100's, with B, M. |Growlng Keed—100's “vii Growing Mnsh—100'n, no BB, A. Yan Mash—100'%. no B. M. Herateh Feed—100's ....., Wheat—Mixed Feed, 0) Cocoanut Meal . Cottonseed Meal . Linseed Ol Meal; Alfalfa Meal. oye Moan M Tone Meal oe... | Bone—Granulate 09 09 | ‘but he has not yet be jis a demand for insti uction | Eighth iwith ramps to the second floor and Real Estate, Building APRIL 23, 1923. Hinges on Reparations ROOD BUSINESS Noted Financier States America Must Aid) R, A. Long Expects No Drop Fair § 2ttlement BY EDWARD THIERKY 1 NEW YORK, April Thene are the two big things that mvt be done to insure @ continuation of pronperity in America, says Bernard M. Baruch financier, ¢ nist, and former chairman of the war industries board “The farmer m organize com mercially to market his goods co-op atively on @ big business scale in order that ho will have a fairer re lationship established between what he produces and sells and what he buys “Industry, labor, and business are organized to help themaclves. The | farmer remains outside, For his own salvation he must organize commer clally or he'll get no where, He buys from organized industry, and he sells} asa weak individual. The credit and other legal machinery has been pro vided for hin co-operative marketing nm able to rine | above internal quarrels between rival | agricultural organizations to guard his own pocket 00k | REPARATIONS MUST BE SETTLED EQUITABLY Above all, the re | BERNARD M, BARUCH ‘ations question | must be settled in an equitable way; | states, and the United States govern- |! Southern states, firat, #0 that there shall be no situa-| ment itself could get rid tomorrow of tion like Alsace-Lorraine, which will] ail fixed charg surely end in another war; second, 80/ and interest! Cost of production of that ¢ many shall not © forced to] everything would decrease tremend- undertake an impossible payment; | ously; prices would go down. That is third, no that our farmers, workers, | exactly what will happen in Germany and business men will not be injured/ with too low reparations—with all by Germany's escape from a just set-| fixed obligations practically repudi- tlement.” | ated by inflation, with nothing to pay Baruch thus amplified his state-| externally or intern: ment that a real danger now lying abead is in German domination of world trade in case war reparations are fixed at too low a figure. It would | be more dangerous to America, he de- | own industrial taxes. “Our $4,000,000,000, of which about 000,000 grew out of the war. clares, than if it were fixed at too! could we, or any other country, stand high a rate. up against Germany's low cost of “Our own prosperity is not the! production when she emerges on a whole thing,” he said. “It ls a ques-| new gold basis that she is bound to tion of honor, with which business ts! set fur herself if the reparation is inextricably bound. We aro in bonor| not fairly determined bound to see justice to Germany 4) nANGER WILL well As to France.” |BE AVOIDED AMERICA MUST | HELP SETTLEMENT Baruch believes that America must | Baruch belleven, have & share tn fixing reparations| because it {s a moral obligation un-| dertaken at the time the armistice! was signed. j “It will be rather a grim Joke on us,” he said, “if we will not recognize this obligation even from a selfish point of view. We ought not allow te emcape on the ground im too poor. net at $12,500,000,000, which figure, not Including the $2,500,000,000 al- ready paid, he was the first person among world statesmen and finan- clers to declare to be a just amount He accentuates the necessity of freedom of action by Germany, the restoration of her territory when the amount has finally been determined poor--made poor by hard times—and | good faith. Germany @ commercial power ruling! When asked about the political the world. Then Germany certainly | farm bloc, Baruch smiled and said: will have won the peace. Nor should; Tt ts no different from any other we permit Germany to be destroyed | interest, but it ts eo unique for farm- by over-burdening her or stripping her of her territory. “Suppose American railroads and Industries, manufactures, cities, Malmo & Co, for the last 30 years engaged in Seattle in the nursery and seed business, filed at Olympia during the last week articles of in- corporation for $260,000. This they announce to be their first step in & comprehensive plan to establish here a nursery industry comparable | with the large organizations in for. elgn countries. Up to thin me the greater amount of young stock hax been imported from countries where it could be pro- duced with a lowér labor cost, but | the recent federal embargo against | impotration will necessitate tho pro- duction of all nursery stock in this country. Lioyd came to Seattle recently to It is the opinion of horticultural | buy a yacht to be used in a cruise to experts from abroad who have re | Alaska. Finding no vessel here that cently toured this country that the suited him he decided to build one. Puget sound disttict ix most fayored| He later conceived the idea of con. for the development of the horticul-| structing several boats and leasing tural industry because of its tem-|them to hunters and scientists, perate climate. The company, which has been op- erating a l4acre nursery one mile south of Georgetown, also recently purchased a 20acre tract of land one mile nearer the senter of the elty, ‘They announc.. that this tract will serve as thoir chief city nursery | fsrounds and that considerable im. Provementa will be erected there be: ginning this summer, treatment that it amazed everybody, who immediately read them stern economic and civic leoutres!” WILL BUILD SHIPS HERE A new ship-building concern, head- ed by William Bross Lio; million. aire radical who doned from Joliet prison by Presi. dent Harding, will be incorporated in Seattle within a short time, ac- cording to E. W. Scott, member of the firm. The firm will deal expressly in pleasure yachts, which they will build and lease to tourists sportsmen who wish to go on cruises and hunting trips to Alaska or ports along the South Pacific, Aspociated with Lloyd and Scott is K. H. Scheel, naval architect of Se- attle, Decision I Does Not Stop Grain Trades CHICAGO, April 23.—"I am ad- vised that the department of agri- culture has {issued a formal state- ment that trading in grain futures will not be interrupted by the oper- ations of the act upheld by the su- preme court President John J. Stream, of the Chicago board of trade, sald today, The statement is opportune, be- cause the decision of the court had left an impression among the coun- try grain trade that trading in fut. ures of every character was to be prohibited. This declaration will lift the misapprehension and also make {t easier for the grain exchanges to complete the adjustment necessary to comply with the provisions of the law, Will Open School for Candy Makers Miss E. Barrington Elworthy, of Victoria, B. C., famous for the can- dies she made overseas in the World War, has just opened a school of candymaking in Seattle, at 214 Rialto building. Miss Elworthy states that there in the art of candy making, not only for those who intend to go into the candy business, but for those who merely want to know how to make “home-made” candy for family use. Gasoline Stocks Reach High Level WASHINGTON, April 23.—Secre- tary of the Interior Work announced today that on March 1 gasoline stoc! had attained a new high level mark of 1,130,340,767 gallons, These fig- ures show a gain of 127,000,000 gal- lons over reserves on hand February 1, when stocks for the first time in history exceeded the billion, gation mark, During February the indicated consumption of gasoline was 875,564,- 478 gallons, The daily rate of tndi- Will Erect Large Downtown Garage An attractive garage building to be erected at once on a site by 120 feet on the east side of ave. between Union and University sts, at a cost of $36,000, it was announced Saturday, Margaret G, Hallowell is the own- er of the property, The plans, as prepared by Architect H, H. Gin: nold, call for a concrete building two stories {n height and basement, is 60 cated domestic consumption during February decreased 6,7 per cent from rate, the Januar: Export Shipments Show Big Increase All grand divisions in the foreign trade lst showed an increase in im. ports in February, with the same month of 19 with the exception of Asia, says a sum. mary received from the Chamber of Commerec of the United States by the Seattle chamber, Shipments to to the basement. It will provide accommodations for 160 machines, Miss King Joins Real Estate Firm Miss Leslie King has joined the firm of Ewing & Clark, it was an- nounced Saturday, Miss King has been active in selling homes in the Mount Baker Park district, and will have charge of sales in the same! Agia declined over $900,000; exports | district for Bwing & Clark |to Rurope increased over $81,000, Rae /000; North America, — $15,000,000; Dogs have been banned as/South America nearly — $7,000,000; draught animals in England since |Oceania, nearly $4,500,00; Africa, 1804. nearly $600,000, as compared | ly except their| Making hea country has in our federal | that busine: budget alone annual fixed charges of | 00,- | How | This danger threntening American | | proxperity will probably be avoided, | if reparations are | If we do, we| upon, and recognition of her equality | will find that 1t is ourselves who are| amongst nations when she shows her |! was recently par-| and} in Near Future BY R. A. LONG KANBAS CITY, April 22-—-The ac tivity at this time in the lumber in dustry of the United States confirma in a decided wa t general in provement in business condition whtch is reported from so many When the lumber business thrives @ great many other lines of business jare stimulated | There has been an increasing de mand for lumber of all kinds, begin | ning with the last half of 1922, and there does not appear to be any rea non to expect a falling off in the im | | mediate future | ‘This demand for lumber is espe | clally indicative of the improve 6 of business, since it represents Junusual activity in the building | trades, industrial and residential, ar lheavy buying by the railroade and rallway equipment compantes This ts business in the lumber industry 1# not confined to a particu lar section, but is quite general. Also lumber is moving to South America. the Orient and to Europe The South is enjoying its share o | the greater volume of business. There is good demand for building mater: cities. The cotton grower bids fair mortgages, bonds |to get good prices for his next crop, which evidences the advantageous ponition of jouth fn its prospects for continued prosperity. The same situation, however, ex ints in all parts of the country. When home bullders, industrial companies and the railroads are simultaneously y demands on the lum- it 1s logical to conclude conditions are good ber industry Eckstein Speaks. | at Danish Club Nathan Eckstein, president of Schwabacher Bros,, delivered an ad dress on the future business of the Northwest, at the monthly meeting of the Danish American Business | Men's club, in Washington hall, | pec soe Nd geaocine: ‘Ship News Tides in Seattle MONDAY 1 | APKIL 23 | TUESspay j First Low Tide | APRIL 24 | m., 64 ft.| iret Low Tide High Tide |:19 « m., 6.5 ft m. 64 (| Pires High Tide Second Low Tide | 10:01 a m, 55 [4:00 p.m. LO ft. | Second Low Th | Second High Tide 11:21 p.m, 1 m eee Every type of ccsan-going craft, from tugs and barkentines to pass- enger liners, is listed in the now Firemen’s Fund Register, compiled $09 p.m, 16 -E | ers to demand and get equality of by the Firemen's Fund Tnuurance Co., which is now off the press. Free copies may be had by apply ing to the office of the company in the Colman building, according to the manager. All vessels in the Pacific Coast jand Hawaiian service are listed in the volume, together with their owners, tonnage, home ports, class jand registry. The list is said to be one of the most complete ever compiled, oe 4 Weather Bureau Report TATOOBH ISLAND, April 21.—8 A. M. —Barometer risini clear; wind north, eight miles an hour. Passed out, str Santa Veronica, at 6 m m.; str Nome Sty, towing echr Fort Laram! at6a.m, wees Arrivals and Departures ARRIVED—April 21—Str Yogen Maru from Muroran via ports, at 6 a m.; str Paul Luckenbach from Philadelphia via ports, at noon; str Admiral Nicholson from South: orn via Southeastern Alas- ka, at . mm. tr Alabama Maru from Tacoma via Vancouver, B. C., at 6:50 a. m.; atr Point Judith from Tacoma, amt 6:15 a. m.; str Geo, Allen from N York via ports, at 6:20 a m.; str Dorothy Alexander from Tacoma, at 7 a.m. April £0—Str Remus from Tacoma, at § p.m: str Mukilteo from San Pedro via San Francisco, at 1:45 p. m, SALLED—April 21—Str Oduna for Ta- m. April 20—Str Point ¢ Point Judith for Tacoma, at r Horace X. Baxter for San .; U. 8G. B. Pioneer for Al at lla m; US. G 8 Dis- coverer for Alaska, at 11 a, m Alaska Vessels Ketchikan—April 20—Salled, str A) mi southbound, at 7:20 p m., Northwestern, northbound, at 2:45 p. m. Juneau—April 20—Sailed, str Queen, southbound, at § p.m. ee Vessels in Port at Seattle Smith Cove Terminal—Pier A—Str Tsuru- ima Maru, str Cross Keys. Anchor- age—Ship Ortental, Great Northern Terminal—Str Hakata Maru. American Can Co.'s Terminal—Str Santa Flavia Bell Street Terminal—Ship Renj. F, Packard, bark Guy ©, Goss, str Mukil- teo. Pier 14—Str Chattanooga City, Pier 11-B—Str_ Owego. = Pier §—Sehr Fanny Dutard. 6—Str Floridian, 5—Rtr Geo. Allen. 2—Str Jefferson. Pier D—Str Dorothy Alexander, str Ad- miral Rodman. Seattle Shipbuilding and Drydock—str Bhelikoff. U. #. Bhipping Board Moorings—Str tco- ninm, str Ani Morse, str Silverado, West Hartland, str Delight, Atlantic Street Terimimal—Schr Minda- nao, str Wert Katan, Todd | Drydocks—Str Commerctal Spirit, atr Sagadahoo, schr ©. 8. Holmes, pow: ership Boxer, Puget Sound Bridge & Dredging Co.—Str Patterson. Harbor Island Dock & Warehouse (Fish- er's)—Str City of Spokane, etr Al bama Maru, Ames Terminal Co.—Ship Geo. B. Bue lings, tr Asahu Maru, ste San Juan, sch Henry Wilson, Nettleton's Mill—Str El Cloutn, West Seattle Elevator—Str Yoren Maru. Heffer Drydock—Motorship Oregon, Stream--Buoy Now @—8hip. Abner ore burn, Buoy No, TSehr W. BL Flint. Winslow Marine Rallway—Str Caesar, rk Belfast, barge Coquitlam City, parkonttne dames ‘Toft, whalers Star ‘on. 1, Durant Motor Stocks Consult us before selling your DURANT STOCK We hive speolal direct wire con. tinuous quotations on all DURANT STOCKS James Macfarlane & Co, ALL Second Ave, Bulott 1924