The Seattle Star Newspaper, May 1, 1923, Page 16

AWARD APRIL PERMIT PRIZE Previous Building Records Take Back Seat n permi and st +h permit The ch vitices and ominated by The mit ga ings hol orere ‘ es and mis with We r w ’ m. $100 ¢ h But up to $426. all, the an ave even taking: it affair was a grand Financial Flashes From dames Macfarlane & Co. 811 Second Ave. Twenty industrials 100.63 20 ruile 86.50 up .08 St. Paul railroad ating Income incr months net opera crease $4,260,000, R. James, of Memphis, Te merchant and banker, appointed federal reserve board to R. Mitchell, resigned. Canadian Pacific March net oper-| ating income, $440,794; ) three months net after expenses, de crease $363,239 Texas & Paficic earned $1.39 last year. Pennsylvania ruilway, March net operating Income decrease $2,807, $49; three months net operating in- come decrease $6,300,991 Stewart Warner quarter March 31, 1923, net profit $2,072,400 after depréciation but before federal! taxes, equa! to $4.36 a share on out- standing no par, versus 95 cents same period 1922. Studebaker first quarter earnings $6,170,971, equal after charges and preferred dividends to $8 a share on 780,900 shares common versus $4,- 069,000, or $6.49 on 600,000 shages| corresponding period last year. March decreases. . Foreign Trade The United States bureau of for: eign and domestic commerce has re- ceived the following inquiries from foreign firma who are in the market for American goods. Full informa- tion will be given to American firms) on application to S. H. Blalock, trict manager of the bureau, te 4 building, Seattle. Belgium (6186), grains. Brazil (6177), | box shooks; (9181) lumber, box, 400.) 000 board fect per annum). C: (6199), furnishings for men and wom- en. Colombia (6180), portable houses. | Costa Rica (6206), mutiate of potash: nitrate of . soda; phosphoric id Cuba (6179), age 4,000 barrels per month). (6214), copper pintes and rods; (6187)! and: (6187), flour (100 carloads) and wheat- England (61 chemicals; feeding cakes for cattle; fertilizers: | flour, low ‘grade Guadeloupe | (6195), blankets. stine (6182), ag: | ricultural machinery and implement# South Africa (6220), hardware. Spain (6178), portable houses. Switzerland 6 household furniture and fur- nishings. | New Issues ee | $. W. Straus & Co, have purchas: | ed an issue of $2,500,000 first mort- gage 6% per cent serial coupon bonds secured by the new 10-story Jackson Parkview apartment build ing, to be erected on Stoney I#jand| ave, from 66th Place to Chicago. The bonds, which mati | in three to 20 years. matitute a dt} { rect closed first mort on the! land, building, furnishings ond equip-| ment, and are the direct obligation| of the Reltig Buflding corporation. Interest coupons are payable April 15 and October 15 ‘The Sdattle Kiwanly club will ‘meet Wednesday noon at the Hotel Gow-| man. Henry O. Price, tenor soloist, will sing. Short talks will te given by the councilmanse candidates, Clave 8. Colegrove, Oliver T. Grickson, Robert Hes! , Samuel F. Rathbun, J, A. Stevenson and Philip Tindall. TRADE TERMS | YY PITALIZATION OF EARNINGS Capitalization of earnings ty the fwuing of securities based upon a corporation's carning ability, It the iswiance of seecurifiey upon which reasonable rates of inter or dividends can probably be paid | from earnings, rather than imsuing Meetings ended | X- ‘Ship News| Czechoslovakia | % t | Vessels in Port at Seattle fal nN Btream them upon the value of the com- piny's tangible property, f ew York S tock M arket | “GRAIN MARKET CLOSES STRONG CHICAGO, rly dip N. Y. Stock Market Monday's Quotations Fursished by Logan & Heyan B10 Becond Ave, Seattle tue fr “ tohinson. Fr whe week's rain, d i was doubtful if the m lett: Board of Trade Monday's Quotations Mot Tea Horingfiesd Chicago Car Lots Monday's Quotath Furnished by Logan & Second Ave., Seutt Open Open Lo 4 A unery Ward Lead s Wheat— hard “BANK CLEARINGS Seattle $6,026. 520.62 154,674.20 Clearings . Balances .. * Tacoma Total transactions 6,373,558.44 Foreign Securities 1,668,076.96 Monday's Quotations Burnished by Legen & ryan S10 Second Ave, Benttic ~ Bid 1.966,000.00 Asked 7 19st 1926 19d aay a $3 | Tides in Seattle y TY peor AY it “ | eigtuas Hestor, be Belgium Premium German W. Le 6 || Mertin 40 |iamburg $0 Leipaig 50 | Japanese t# # te) Japanese | WEDNESDAY | rinse Mish Tide | MAY ? 4:19 am, be2 te] First Low Tide }it:06 am, —-1.7 te | Second High Tide 16 pom. 122 ft ‘Second Lew Eee | 11:33 p, my u 114 104% | Weather Bureau Report | Aprit 39. " Foreign Money Status Monday's Quotations el by Loge iryan cond Ave, Seattle Present valve 54.60% Arrivals and Departures | x00. ARKIVED—<Aprii £9 1 13s 346 F. Alexen from Ban Pedro ots donate °. * a. m.; ater Mundeita ets Sterling ‘anadian neh franc Belgian franc Swine franc Ttallan tira, German mark Swedish krona jorway krone ish krone Greek drachma o. Liberty Bonds Monday's Quots Furnished by 119.2 19.4 18 19.3 23.82 26.80 26.59 26.80 16.60 10: 6. 18.13 tii ete 0.603346 ot ts 6 ots 18.65 ctx Lis ets fro April via po Mowinas from Mantia vi m.; str Banty fre [Porta at 1:30 p.m. fan Pedro via Tacoma, at 4:19 p, mui str Aisbams Maru from Vancouver, vis ‘Tacoiim, at S740 p. m.; atr Admiral Rog ers from Houtheastern Alaska, at 4:20 wir Kewanee from Avon, at str Redondo from Houthea zi : motorship Remus Clore Firat 240... First 40 ” | Second Firat 4% fecond Third 44 191.11. 101.08 10 a. m.; motor- orett, at 2:30 p. m.; Wilson for Bering sea, in Juan, at 3:20 p. m.; barge in tow of tug ; ate Richmond t 8:30 D. m. . . Alaska Vessels Ketchikan--Aprit 5$-- settee son, southbound, at 6 p. m, Potetsburg—April. 29—Salled, miral Wate Admiral thip Remus for th 4a Victory 4% New 4a 100.00 98.30 Foreign Exchange YORK, April /20-forelan ex- change opened lower, Sterling, 34.43% franca, $0.0675; Lire, $0.0490% rks, res. tees marks, 20,303 to the dollar. ao bee N. Y. Sugar and Coffee Monday's Quoti tutets aranvlated, fi 7 i ate Jet. str Ad- southbound, at 11:30 a. m.; Evans, northbound, at $0.0400% a refined, Smith Cove Terminal—Pler A~-Btr Croam| Keys, str Yoren Maru. Pler F—Str Shidzugka Maru, atr Prsatient McKin ireat Marv. Bell Street Terminal—#tr Commercial Pathfinder, atr Banta Flavia, U. 8, L. HT. Weather Pier 11-B—tr Owego, Pier $—Mtr Davenport Pier 6—Str Alabama Maru. Pier 4—Str Point Bonita Plor 2—Str Alameda, atr Ketchikan, Redondo. Plor D—tr Admiral Rodman. Seattle Shipbuilding & Drydock Ci Powership Boxer, Pacific Coast Coal Bumkers—Sohr ©. Holmes ipping Board Moorings—-8tr too i. Morse, str Silverado, tr Went Hartland, str Delight Connectiout Street Terminal—#tr tau, atr Lancaster, Atlantic Street Terminal-—Motorshlp San Francisco, achr Mindanao. Beattie Flour Mills ‘Terminal wich. King & Winge- whip Anvil. Milwaukee Ocean Terminal—BStr Astrono- Santon, Tose Northern Terminal—str Tokiwa San Francisco Produce Monday's Quotations Batter—izteas, 4c 1b; primo tients, tte] Eene—Xxiras, Gernixed, 4 B1%e doz oxtrn pullete, doz rnin fints, fmncy, ate 200 tb, oa anese shipping companies find the cream of the paswenger busi neas between the United States and jJapan is going to the faster Can Jadian and American lines, ‘They are Bon-|going to remodel the Towa and the | Kaga, naughts scrapped ag a | result Washington arms con- | ference, and use them as fast pass. enger liners, COMMUNITY HOTEL BONDS We are making an active market for these Hotel Bonds If YOU WANT T0 SELL Ik YOU WANT TO BUY SEE US AMERICAN BOND CORPORATION CENTRAL BUILDING Phone Kiliott 1950 str Ipa Motorship Ruby, motor- me Hast Waterway Dock & Warehouse Co.— fite Wheatland Montana, General Petroleum—str Admiral Rogers. Todd Drydocks—Btr Hagadahoo, str West Nilus, ‘str Went Tron, Puget found Bridge & Dredging Co, Str Patterson. Harbor Inland Dock & Warehoune (Flah- | er's)fitr Pomona Drummond Lighterage Co, ¢. Kirkpatriote tileton's Mil—~Bkin Mea well ffernon'a Drydock—#tr Banta Anna motorahip Oregon, wehie Mb lens Buoy No. Ahi) Abner ate J, Cow burn, Winslow bark tktn i Marine Mallway Holfaat, barge James Tutt, a Atr Capune, Coauitiam City, whalers Btar Now, pth Firata, | WILL IMPROVE ARCADE BLOCK Extensive Additions Are to Be Made Soon Local Markets VEGETABLES Paid Wholesale 1 ‘oe 1 00@) PRUITS Prices Pald Wholesale Dealers Tangerines—Hiandard box NUTS Prices Paid Whelomnte Dealers wack | Almonds—1, X L., | Peanete— va Peeane—Per tm Mixed N Walnuts Jumbo Fancy 13 ded, vadded DAIRY PRODUCTS Frices Paid to Shippers Datterfat— rade Dw, fo.b, Seattle supply. y. O. B. condensary . DAIRY PRODU CTS Prices to Retail Dealers Batter—tocal creamery, cubes Loeal prints, wrapped . Fresh ranch, white shell. e409 ari RT Or. triplets . Witconsin cream brick Block Swine Wash. tripiet Tillamook triplets, old POULTRY AND MEATS Prices Paid by Wholesale Dealers to Shippers | Brotlers—Leghorns, per tb. | Rocks and Reds, per 1. . | Capens—-Live, fat, per tM. | Faney, 4. p. . jMens—4%4 Te ana up Medium, live, 2% to 4! Live. Hight, to 34 Tbe Fancy dry picked 3 live | Geese—-Live, fat, 8 to 10 the, | Belgian Hares—4 the. and up. Turkey*— ey G. p., $15 Ye. Live, fat, per th , tive, per Th... cents above Choice, light .. Heavy, fancy . Veai— Fancy. Medium, Med light . taht heavy, 15 POULTRY Prices Paid W Brollers—-1923, per tm. . | Geose—Dreneed, per th | Turkeys cy, dressed Live, fancy, . Belgian Mares Fancy, block Fancy, light Heavy, Mediu LIVE sTocKk Quotations at Stockyards Cattle— | Prime stee am to good ime cows and heifers Prime light ' Heavy calves Tulis Light calves Hogs— Prime Smooth heavy Rough heavy ee — Prime tamba Cull tamba Yearling Wethers, tent Sugar—Cane, per owt Jeet, per owt, GRAIN City Delivery, Wholesale, Per Ten Barley—Whole foe Naled and ground, 90 ened and food tm W. food, and ground, Growing Mash. Ean Masie--10014 no ae Kernteh Keed— Wheat-—Mixea feed, Cocoanut Meal . Cottonneed Meni, Linweed Ol Meal , ‘ then #7 | compete | ESERVE RATIO A WAGE LAW IS :/Poor Pay Makes High Cost, Says Merchant SAN men FRANCISCO, of low wages is only by the empl in bad for the producer mer as well, E. A one of the biggest res on the coast May 1 ned ffeteed and con Filene, head department |sto sald today in commenting on the ciaton. Any bu: cannot none,” sald Filene, living profitable conwu' “i for the state and hae in it. By payin es an adequate wage it forc to be supported, at least in p |by thelr relatives, friends or by th public. The charges which the pub- lic bears on their account must be added to the cost of living, and go | finally into the cost of the products Jof the better managed businesses, making it more difficult for them to with the products of bu: # situated in states where ade nt in pot allowed. minimum wage pay not Ine paym) “The r is ordinarily * | looked on as benefiting working peo: | ple oniy. I contend that it is a boon to th® employer, as well as to the employe.“ ' “Low wages make cheap standards in employers, and cheap standards in jemployers result in inefficient em: ployes. ‘The average employer has to keep things running smoothly be- tween his executiy 1 employes. You cannot get effective organiz- ation out of people who are unintelli- gent, and people cannot be really in- (elligent who have not enough to live on properly “Where the hard pressure of mere living ends, you come to the point where the possibility of intelligent action begins, The better tho wages the better off are we in the manage- ment, other things being equal.” One of the most Interesting re- forms of Mussolini has to do with athletic education for young Ital ‘This if new for Italy, for while par ents are Yevoted to their children, they ‘e them pret much to their own device games and play Ko however, says Mussolini, "| there must be more discipline. ° | Aifaita Meat Soya Bean Meal Hone Meal .. Bone—Granviated . ard wood Meal —Lim Gri tone Invest in a Successful Going Business 7% Cumulative Preferred Stock From 7% to 10% protected ample requirements for fety in offered to the in- | veator in Foster & Kleiner | Preferred Stock, For the seven | months ending Oct. 31, 1922, | carnings applicable to divi« dends Increased 2365 over the corresponding period of the year previous, Back of cach share of ter & Klelaer Preferred ik must be maintained $225 In net tangible assets $150 in net current assets, Price $100 Per Share Redeemable at $110.00 egsren and K HR 8th a reins Kindly send particulars ro- garding thin stock to: NAMA cccesscreseeeweeeceseres Street No. GOOD POLICY minimum wage | | rt,| .|house and apartment hotel construc. ‘as an industry is developing. Joseph | o BUILDING STILL iS KEEPING UP Bond House Sees No Let-Up! in Near Future at the buliding industry thruout | | try is mwing pan eral nprecedented ac ix indicat the tremendous amount of cap. | this ts shown in th W, Straus & Co build. jalizing In nderwr $54 additic loans of 120,000, 4 for on new building seu strong. The wide ange of these financial under was sta shows that) pr encouraging conditions wid and no confined to any articular localities. | West Keeps Pace in Building | That the Western states are more than keeping pace with the rest of |the nation in building: operations is | Indleated by the fact that 29 of the 4 million had been foaned in the 0 half of the country ard to the building sit-| nus & Co. there is fon at present that the activities in the building ituation will continue for some timé, | “There ix a steady inquiry for cap: for building construction pur. they stated. “Apartment and aysriment hotels are in | growing demand in many of the larg eat cities, Apartments and Offices Being Built “It may be interesting to note In tho western territory that $14,795,000 was loaned for high class apartment mortgage em: |r the nt are tion. “There has also been a strong d: mand for capital to finance office! building construction during the past} few month “This all goes to show that the construction industry is going for- ward at high speed and building op- erations in the Middlewest and Western states are keeping pace with the rest of the nation. |Spring Wheat Is Planted in Alaska DAWSON, Y. T., May 1.—Spring wheat hds been planted at the Do- minion experimental farm, near here, by Superintendent James Farr. Prelude variety has produced a good crop, comparable in yield and quality with prairie wheat. The farm 4s also successfully pro- ducing barley, oats, alfalfa, peas, hay and the hardier vegetables. Many farms near Dawson are grow: | ing similar crops and stock-raising | Jolicoeur has just brought his flock | of sheep thru its first winter suc. | cessfully and produced €0. lambs. Chicago Board of Trade Amends Rules CHICAGO, May 1.—Members of the Chigago Board of Trade at a special election yesterday voted to immediately amend rules of the as- sociation to conform with the grain futures act recently upheld by the United States supreme court, There will be no interruption of the futures market. South Australia is putting more and moro land under irrigation. In 1914 there were only 7,116 acres, but by 1920 this had increased to 35,978, Expectations are for as many as 250,000 acres in full production in the near future, OH, YES; TODAY IS A HOLIDAY SOMEWHERE Anybody who wants a day off on May 1, ean easily get it by go- ing to quite a number of places, tho assortment being sufficiently broad to appeal to almost any taste. For tho first of May is a holiday in many lucky lands. Horo is the list, published for your convenience in making your se- lection: Austria, Colombia, Czechoslo- vakla, Esthonia, Finland, Haiti, Phillppine Islands and Uruguay (Labor day); Brazil (bank boliday); Costa Rica (surrender of General Walker); Canary Islands (workers* holiday), and Lithuanta (general holiday). | markets of the jof comparable jclal weekly bulletins from Washing: GOES UP AGAIN Weekly Statement Shows an Increase in Gold COTTON PRICES SHOW VARIANCE : Department of Commerce to| Give Weekly Bulletin Many rf eas Hold | ernment week from $534 | #90.0 0, sed during to $3%, Of the total held on April 500,000, or 55.2 United bonds, $3,000,000, or 0.9 per cent, by 700,000, or 41.4 per 90,000 8 per cent, by treasury cer: leates, compared with $142, prices in the primary) $3,200,000, $139,100,000 and pay world In 1922, be-|000 shown the week before, jes the fundamental one of raw| Store | |Says Meat Eaters Will Save Money KANSAS CITY, Mo., May 1—Con- sumers will share in saving of $10,000,000 annually a result of the Decemt acquisition of interests of Morris & in New/co, F. Edson White, president of 10 cents) Armour Packing company, declared the riso in Fricelin an interview here today. ths in Manchester | uc, mpetition will % cents, and Cal- és at seen. 20) ae factors gray cloth ton prices, | of fs but that the samd » tors did not operate equally market seems to be indicated Jona U division ot of commerce January to gray cloths approximately whi price quot textil 1 For 8.] x a , from 22, cotton York per rose pound, that | this saving of $10,000,000 annually aes thru handling of two volumes of ey croria | business as one, is divided between J the people a "Wi be most important matter to aan yor ee bape American manufacturers and €x-lagriculture hearing on the legality porters, hag now been taken up as|o ep & regular service by the deportment|fere tonay eee Which opened of commerce. Since the purpose of this service is twofold, to acquaint the American exporter with prices Grst in foreign producing markets and, second, in foreign consuming markets, it is planned to include all important competitive markets as far as possible, To make this service more effec- tive it is contemplated to establish 4 weekly cable reporting system so that average prices per pound, con- verted into American dollars, may be communicated promptly to the American exporter by means of spe- eas than 1% cents. reporting of prices, which these The Condemns Railroad Grouping Program ST. LOUIS, May 1.—The grouping of railroads of the United States in- to 19 divisions, as proposed by the interstate commerce commission is “un-American, is being forced upon the railroads and is the first step toward government ownership,” S.G, Lutz, vice president of the Chicago, & Alton declared here today befors a commission hearing. Lutz's decision was made whi reading a written statement from Wi G. Bierd, president of the road, 4 Commissioner Henry C. Hall, who concluding the series of hearings in | the Western states. LAMP REDUCED We.are pleased to announce a reduction of approximately 0% rice of all regular MAZDA mps, effective MAY FIRST This follows two reductions made in 1922. The cost of lamps is not a large factor in the “Cost of Living,” but we hope this reduction will be not unwelcome to our customers, con- sidering the upward tendency in many labor and material costs. ton, The national assembly of Panama has rejected a bill giving women -per- mission to practice law. in the retail now 32c now 37c now 55c now 90c 40-Watt Mazdas, 35c, 60-Watt Mazdas, 75-Watt Mazdas, were 60c, 150-Watt Mazdas, were $1.00, Corresponding reductions in other sizes, CALL MAIN 5000 were were 0c, Kirkland Rentor Henry. Renton Bldg. umelaw Billard Tssaquah