The Seattle Star Newspaper, May 10, 1923, Page 16

M PAGE 16 THE SEATTLE STAR THURSDAY, MAY 10, 1923. SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, Building HOTEL STEEL LEAVES EAST Early Purchase Gets Ahead of High Prices , A telegram the 1 tes Steel corporation at the offices of the Community from nited received to in th lel corporation Chamber Commerce. for the Hotel Olympic in Beattle it wilt June 15 iow at two weeks. The telegram aavised the hotel tion that it was very for je in having purchased the steel it did, as prices aro consider higher than when the Placed and there 's no pros. of a fall. Added to this ts fact that deliveries are consid more remote. The hotel Which was purchased o oh 20, ix shipped in tess than 90 from the time ordered, while are now offerea in about advises that the first wih ar about the middle of leave the east coast Other shipments w intervals of 10 days or elt ours? hotel corporation saved at $15,000 by its March purchase fer what it would have to pay if He Purchased at the present time. Pie steel was bought at $82.60 per ts The next lowest bid received at fhe time being $39. F rie steel now ruling higher than the latter figure. the hotel corporation saved are at order | es of fab-} Amer Cn 34 up Aimerioan. up % a: Un Un GRAIN MARKET CLOSES HIGHER cul buy log: ther reports, e higher on the Chicago board ¢ today. Deferred months le atrenkth aac t 4 the snow were al- by B aid that the frosts and low tem- peratures would further kill winter wheat are not well founded. Deferred corn months showed eon- siderable strength. Receipts contin- ued light Oats were stronger, reflecting the strength in other graina rovisions maintained strong un- dertone twa ayed by # stateme: | | Chicag minesday's Quotations Geen tien te re suit tt Wheat $6.40 per ton by buying in) th, which means a total say- Of over $15,000. complete plans for the hotel mow in the hands of the con- who are preparing bids, must be submitted by June 1 7ARM HANDS ' START TREK" S$ CITY, May 10.—Farm- fof the Southwest are ready for @ tide of harvest hands to gather wheat crop in prospect. ive harvest hands have started thelr trek into the wheat belt, following gage of $4 a day for general harvest favored by the national farm organization in a meeting here. | Invasion of and Oklahom: the whe Northern fields Probably become general in a) days, according to labor offi- lala here. With the mopping up of| je Texas wheat crop, the harvesters upon a definite minimum | i SAN FRANCISCO, May 9. Extras, 454: prime’ firsts, 4be. Bage—-Extras, 3c: extra 2TMer undersized pulleta, Cheese—Caltfornia fh Foreign Exchange NEW YORK, May —Forelen change opened lower, Demand $.0659%; Ih be Portland Produce Wednesday's Quotations Natter—24 5 Ye. 3 fl move northward into Kansas, |‘ ft ts estimated 40,000 hands needed, according to E. 1. Bur- President of the state board of Industrials, 96.54, up 1.13; $1.55, up 1.18. is here to stay, says Oil's annual report shows retary Hoover deciores gold aur- fill ultimately flow back to thru trade and without tn- ion or disturbance to American s life. it to withdraw $12,000,- depositary banks of the ‘ork district today. rd Oil of Kansas declared quarterly dividend of 50 share. -kho of Willys-Overland thorized sale of $15,000,000 bonds, t directors took no action regard- ir sale. that $60 a share had mm set as the price at which em- wees of Standard Oil of Indiana subscribe to stock for current | u 1923 were $2,729,468 March 31, when bonded Indebt- was $14,059,000, two pay- | have been made reducing in-| to $6,942,000. can be bought in Ameri- het at 16%c to 16%c a pound d to end August, from one Lake copper ts 16%. ng annual meeting of Gen- halt, president declared in company showed a loss 06,000 after depreciation, com- | with deficit of $400,000 in same 1922. We did enough bust- in April to offset accumulated of February and March, he (Under “Business Changes,’ he Star publishes, without » changes of location by d business houses. It “appreciate information of changes, addressed to the Editor.) pe eee Prather, Pacific Northwest rep- e for a number of adver- display companies, has moved ‘the Commercial building to Douglas building. ar | Metropolitan bank has taken rooms on the second floor of hite building, and will place a the bookkeeping department new space, A stairway from floor banking room will ‘these rooms with the bank aa | SNOWBALLING ling’ is a term used to weries of quick demands hand receipt of wage advances. It) hen un job iw started and) be completed promptly to save when there is a general ge of labor for an industry unusually active. News re- building operations in sev. the larger Hastern cities at ent time have frequent refer. “snowballing,” of Willys-Overland for |: N. Y. Sugar and Coffee Raw, | Sogar—Pirmer. Pi ed, § firmer: granulat Cotfee—No. 7 Rio, s 117 Cherry St., Seattle Bank Stocks— Dexter Horton Firat National. . Marine National. . tropolitan whee Bank of Commerce. tional City. Headoard National.. tle Nation: attle Tithe Trust. Union National.. Industrial Stocke— Albers, com. Albers, pfd. Aero Alarm, Aero Alarm, pt. Alaska Steamship Co, Carnation Milk Prod., pfa mtermial MINT | | Co., Globe Gr. & Milig. Co., ptd |Gayr. T. & Rub. (Cal.) pia is. H. Lilly Pacific Tel. & Tel Pioneer Milla (us Sperry Flour, pfd Sperry Flour, com..... Buperior Portiand Todd Shipyards Zellerbach, Com... Western States Lite Queen Sails for Alaska; Big List The sailing of tre Admiral liner Queen for Alaska Wednesday, with a passenger list of 175 people from all parts of the country, opened what promises to be one of the heaviest Alaska tourist seasons in many years. The excursioh traffic 80 far has been the largest for sev- eral years for thig early in the Sea. son. LETTER KILLS BRIDE BREMHIL, Eng., May 10.—Mar- ried a fourth time two months after the death of her third husband, Mra. Sarah Anne Freegard, 76, dropped dead when she read an anonymous letter criticizing her marriage. HERE'S HAPPY LAND SINGAPORE, May 10.—In Britis North Borneo, # territory as large as Ireland, there is only one lawyer. HER AUTO KILLS SISTER ST, PAUL, May 10.—Losing contro} of her automobile, Miss ‘Theresa Landon struck and killed her sister. ONE ON SISTER “Oh, say, who was here to you last night?’” “Only Myrtle, father. “Well, tell Myrtle that she left her pipe on the plano.”—Nebraska Awawan. neo Sharp run up in Bosch Magneto was accompanied by publication of reports that business handled by {te branch houves during April way lar- gest in company's history. o Board of Trade |: . | Ge bs Ame Studebaker, ex-div 1, up Anaconds Northern Pacific, 13%. BR, 684, up jeneral Motors. ted States Stee! fon Pacific, 136. | N.Y, St a, 16% ne | | |a la A la | Datdwin | Melt. & Onto | Dethiehem mise! i | Butte ¢ & Zing | Canter eum Canadian Pacific Cerro de Pi | Chandl jent le € nine - | Pamoys Players | Fiex Tire ch Goodrich Rubber Nor. Ore. etfe jreat Northern pfa.. Gulf tates Bteel.. | General Asphalt | Houston OF Hudson Motors [Hupp Moto Hittnote National Hiseult National Enamel... National Lead... New Maven... Northern Pacific. Otie Steel... .. Owen Bottling Orpheum Cireuit Pac. Gas & Elec Pan Amer. Petroleum do B....... = Pennaytvania.. Pieres Arrow. Pieree OU... Pullman Pal. Car... Pure Of! Pacific Of Producers Refine Rock Isiand Stromberg i |Mtudebaker Corp Standard Oil of ; | Texas Company. Todaceo Producti OE Aissaces Texas Guilt Bulphur. Union Pacitie.... United Ratalt Stores. Westinghouse Elec. . White Motor 5 Total stock Total bond sal 9) British Vietory ds British Ref. 49 . Premium German W. L. 68. Kerlin 4a. . Hamburg 4 2nd 4%4n. United Kingdom, 1 United Kingdom, 1937 Italian 59 High cee 101.06 | Serles— | Firat 31g0 Firet 40. Second 4a Firat (49 Segond Aiea Third 44a. Fourth 44s ‘ Victory 4 mt 1 1 5 f] New 4\a 0. Seattle | Clearings .... | Balances .. bande | Portland Clearings | Balances . | Total transactions , Locomotive. 130% ow on Italian lira. German mark wedish krona, jorway krone.. 16.68 o Danish krone.. Greek grachma. 141 oe Liberty Bonds Wednesday's Quotations Furnished by Logan & Bryan 810 Second Ave., Seattle BANK OLEARINGS Tf 41%, American Locor up % ae om oy Ws Capone—Live, ( Foreign Money Status Ww aah haem Logan an 810 Second Ave., Senttle Present value ‘ ‘ 8% ‘oath, ‘26.66 18.65, Low Close 101.04 101.08 = 7. 8 8 2Seeee> PSSHaas SSr2rB2- Souena 1 1 0 1 i) 0; : ater * vee SG BMD Lt » 6,194,10.18 | 1,014,487.88 4,129,000,00 it AT LEAST ONE MAN TO PAY THE TAXES Ame an worry about I ndants will make 4 nd growing War Times, nieed by law, in which pre and become more and dine and more diffieult It is the pr ment job-holding Just before n 1916 there w % mor fession of govern. ||by delegates to the me United States chamber we ent Luce, fi 438,057 od the war ‘ names cour War mn the deral pa proved government wreatont growth bureaucracy maximum mployed etimului of all reached 108, when perrons. ite in I it the au mubject an addre Edward J. Prizer president Vacuum Ol company of th Jon & dincussio was the sine in by 917,780 are still over ernment employes Business Local Markets VEG delivered of half a million gov The Nation's day was centered of the co-ordination facilities, Detaled by Charles 0, prenident Railroad | Interest Jot transportation " Chics Central reports were ie Markham of the Iilinols pany; Rey D, Cha Hudson Motor .,|Car company, and Congressman ( 1eg in| A. Newton of Minourt nee 2. A approving declara ue tions of the Rome congress of the international chamber with relation to prinelp permanent settlement and related Eure an adopted without iby the finance group. 40 HOOVER COMPARES BOOM PERIODS Herbert Hoover dine rea needed for com in. | Prices Artichekes resolution “ 100 2.0062 * governing prob: dissent 6 | tons i 1600289 |iema waa % Lettace- 10@ etary of com economic “holding on to rity.” Dealing with the pres situation, he praised 4 the need of confidence and courage aa well, and marked em 49|phatically the difference between {| caution and timidity. He stated |zhat there is no comparison of the | Present rituation with 1920; that this ix prosperity and can be preserved; that Was a wasteful boom. ed tho increase in efficiency nec ae Green Pear—Per Peppere—ter tm Petatore—Local white. Yakima Gems, trey te aned the ton oo araded 18.000 caution, Ratabaga| Spinach—W Tomatoes Me Turnips—Cal., do Prices Fald Wholesale Dealers The weekly bulletin of construc. tion work issued by Coral B. White, [manager of the National Surety lcompany, Wednesday, shows following construction work planned and bids called for ROADS AND BRIDGES Jumbo budded. Naeatee ta a Fancy budded. per County comminsioners, | bide May 26, 220-foc . . DAIRY PRODUCTS | County commissioner bids 10 a. m. May 43| Elum bridge. 4] ©, H. Purcell, district engineer, Portiand, bids 10 a. m. May 22, im provement Blewett Pass road. County commissioners, Olympia, bids 2p. m, May 14, steel bridge and timber approaches, Deschutes | river. County commisstoners, Multnomah ” at “ 1 bridge. Ellensburg, 13, repairs C DAIRY PRODUCTS Prices to Retail Dealers | Batter—Lolac creamery, cubse. |. Local prints, wrapped * Mixed colors | Pallets 220 23 Cheese + 0 28) 9 m May 21, boulevard road No. jor’s Ferry road. C. H. Purcell, district engineer, Portland, bids 10 a m. May construction Alsea section 7, nation al forest road project. BUILDIN +4) CONSTRUCTION 38 BE. W. Duffy, business Agricultural Ore, bids 2 p. improving Fairmount Or, triplets .....+. 383, and Tay wi cream br triplets... Tillamook triplets, olds... POULTRY AND MEATS Prices Faid by Wheletale Dealers to Shippers Droliers—taghorns, per TM Tocks and Reds 5 } manager, College, Cor- m., construc: of commerce | the repar: | the} Chehalis,! a] | -31/ county, Portland, Ore, bids 10:30 a.) Convention Hears Talks | on Business Prosperity) Present Conditions Are Not Like Boom of Says Hoover one important of the phare wtandards of nelecuion neces business of industries th furnishing plane of the average citizen's com fort and convenience of life in the t de growth of 60 new A ade shows & We per uld today supply each amount of commo |ies that he consumed 10 years ag anid, “and lay off people from work.” The in jereased spread in the consumption of conveniences and maintained, iy desirable and jnot represent extravagance, arees Examples were given of the work by the department of commerce in simplification of practices and elim ination of waste in industries thru tion with the industries SITY DEPENDS ON PEOPLE AS A WHOLE | Government has @ definite rela tionship to the advance and main hance of prosperity, “not as Jagency for production and distribu |tion of commodities, nor as an eco. nomle dictator, but as the greatest contributor in the determination of fact and of co-operation with indus try and commerce in the solution of ita problems.” The preservation of initlative and the safeguarding of the rewards of individual effort, Character and abil. ity are keystones, the secietary sald, which muht bé preserved, “for when jall in said and done the finer flow. jers of civilization do not grow from |the cellars of poverty any more than |they grow from the palaces of ex- | travagan, They grow from the |bettering comfort and wellbeing of the whole of great peoples.” son same t comforts dows but cooper New Calls for Bids tion butiding for heating plant. Ira T. Wolfe, architect, 613% Main et. Vancouver, bids 7 p. m. May 14, construction high school building, Cama John W. Butler, city recorder, Marshfield, Ore, bids § p. m, Say 14, construction elty hall R. EB. Fulton, school clerk, Port- land, bidw 6 p. m, June 6, construc Uen Washington high school, Reuben W. Jones, secretary, School District No. 1, Seattle, bids il a, m. May 17, one oneton re- frigerator plant SUPPLIES AND MISCELLANEOUS C. B. Bagley, board of pubifo works, Beattie, bids 10 a. m. May 25, steel sash, Gorgo Plant, Skagit river development. 0. N. Cochran, secretary, Water. | way District No. 2, bids 7:20 p, m. |May 10, clearing sand and gravel from waterway channel. C. B. Bagley, board of public works, Seattic, bids 10 a. m. May 11, repairs to fireboat Duwamish. W, J. Hays, department of busi- ness control, Olympia, bids 12 noon May 12, hardware supplies; 12 noon, May 18, plumbing supplies; 12 noon, May 19, dry goods and textile sup- plies. ve, Hight, 3 to 3% bis 4 Gry pleked 2 © ve. Goose—Live, fat. § to 1 Mares—4 the. ‘ancy 4. Live, fat, per Tm. 5 Roosters—Oid, live, per Ib. ..., ALASKA WANTS FISHING ZONES as| Legislators Do Not Favor Hoover Reserve Plan Ue 14 099 .10 POULTRY AND MEATS Prices Paid Wholesale Dealers Docks—Dressed, per Ib. Hene—Dressed, heavy Dressed, Meht Restriction of fishing privileges in + .81@ [9g| the Alaska salmon grounds thru the “fl adoption of a zoning system is the aim of northern legislators, accord {8\ing to Senator Fred M. Ayer, who 2| Was in Seattle Thursday with three ‘iz|members of the Alaska house of representativer With the senator are Represent: atives E. Ralston, of Nome; Frank H. Porter, of Cordova, and B. N. Keys, of Fairbanks. A memorial passed by tho legislature urging upon congress the adoption of the zoning plan, instead of the reserve plan, sponsored by Secretary of Commerce Herbert Hoover, is re- garded by the visitors as one of the two most important actions taken by the legislature. The second is a bill increasing the taxes on the fishing, mining and lumbering industries. It imposes a tax of 3 cents a case on clams canneries and 10 ts @ case on salmon canneries. ‘he latter must also pay a 1 per cent net income tax. Mining companies are simi larly taxed on the basis of net in come, Quotations wt Stockyards sss Flour—tiends, loca! Biands, loon!, bal Art, local, *, Small Communities |. Art, loc | pugueeeo : Lead in Prosperity Beet, per owls serene | WASHINGTON, May 16—Return GRAIN AND FEED of prosperity and business activity City’ Delivery, Whol has been more rapid in the country’s Ragin wri he ots bo by A smaller communities than in the f, 9 | leading cities, the postoffice depart. ment belleves on the showing of fig- ures revealing increases in postal revenues for April, While “the 50 leading cities showed an average increase of 10 per cent in postal receipts, the small er ones went to 11.66 per cent. Bight of the smaller industrial centers showed increases of more than 20 per cent, Cheyenne, Wyo. leading, with 46.97 per cent. Oats—Whole food, 10 Rolled and grounds, Sprouting, 100°... Wheat—Tecleaned fe All-Grain Chop. Chick Feed 100"... ‘ Ohiek Mash—100'*, with 1 Ker Wheat--Mixed Fe \Cocomaut Meal . Cottonseed Meni Linseed Oil Meal Alfalfa Meat . Soya Benn Meal Hone Meal . Bone—Granulaied . Chareoal—Hardwood Fish M ‘ . ; Commission Joins Valuation Protest WASHINGTON, May 10, The Idaho public utilities commission you. terday Joined the Iowa commission in protest to the Interstate commerce commission against the commission's valuation of the Propertics of the Groat Northern Railroad company, The protest of the Idaho commission charged that the valuation of the care rier's properties was “excessive, erro- neous and incorrect.” UNFILLED TONNAGE W YORK, May 10, Unfilled tonnage of the United States Steel corporation on April a0 totaled 7,288, 509 tons, aguinst 7,409,332 on March 41 and 6,096,917 on April 30, 1922, CROP REPORTS ENCOURAGING Conditions Favorable Thru Whole State Generally good crop conditions thruout the state are indicated by reports from both eastern and west- ern Washington, recefved by the state development department of the Chamber of Commerce. Wheat and frult promise larger ylelds than last year, The production of wheat In Wash- ington in 1922 was $2,400,000 bushels and both acreage and condition indl- cate a latger crop in 1 Due in part to good conditions for crops in old orchards, but, more important, because new trees are coming into bearing, the fruit yields of the Yaki- ma and Wenatchee districts promise to be considerably heavier than in 1922, Spring pasture for beef has been good and a good summer range is Promised in consequence of heavy winter precipitation. Prices show an improvement. Tho sheep Indus. try in in better shape than for sev eral years, A slight labor shortage and a tendency toward higher labor costs are reported by farmers, Business on Sound Basis, Says Banker That the country-wide increased business is being done on a sound, conservative basis, with no inclina- tion to over-expansion, is the word brought here by Frederick A. Dew! ey, president of the Farmers’ Loan and Trust Co., of New York, who is in Seattle on business. Dewey came from Montana with H. B, Earling, vice president of the Chicago, Mil- waukee & St. Paul railroad, and is on his first visit to the Pacific Northwest. Railroad Notes WASHINGTON, May 10.—-A new spring record for railroad freight traffic was announced yesterday by the American Railway association. During the week ending April 28, the Association announce 694 freight cars were loaded, This way not only the greatest number loaded in any week since last November, but was only 6 per cent under the biggest week on rec- ord, that of October 14, 1920, when the total was over one million, An abnormally heavy movement of merehandise and miscellaneous frelght was reported, the assoclation wald. he | an | PLAN TO SAIL FOR ATLANTA |Kiwanians Want Convention | for Seattle Next Year Beattle dele, to the Interna tional Kiwanis convention at Atlanta jwill #0 to the convention armed with |\iterature and photographs of the | Puget Sound country in an effort to os | Upwards of 10,000 delegates and vis- itors are expected at the southern convention and St is believed that if | Beattlo gets convention more 12,000 Kiwanians would vinit the than | the olt Following the announcement that the Seattle delegates would sail on |the H. ¥. Alexander Tuesday, May | 15, the 115 members present at the Wednesda meeting voted give |them # rousing send-off at the pier | The Seattle Kiwanis club will be | officially represented at the conven. tion by Stephen J. Miller, Jr., acting district governor; Edward H. Hatch, president of the Seattle club; Roy W, Corbett, second vice-president and T. Harry Gowman, district trus | tee to | Airplane | | Views | } | | YES, WE ADMIT WERE SOME PORT There was a gain of 1,354,260 tons in amount of cargo which passed | lover Seattle plers in 1922 over 1921. | Of this, domestic imports lead, Its | in was 1,011,810. Next was do-| tic exports, which gained 209,942 | tons, Foreign imports gained 98,807 | tons, and foreign exports 34,201 tons. | Total number of tons of cargo | which passed over Senttie piers in| | 1922 was 6,471,2 ‘This was only | 26,408 tons less than credited to the | | port in 1919, when the phenomenal | period prevailed which, due to the world war and congested conditions | at Atlantic and Gulf ports, forced the | diversion of traffic thru the Seattle gateway, RECORD MONTH FOR | BITUMINOUS COAL The record month of April has closed with production of over 42, 000,000 net tons of bituminous coal, equaled or excelied in but one other | April, that of 1918, when production wan 46,000,000 tons. April usually ts | ¢ low month of the year for the | | soft coal industry. Spot prices of bituminous coal, tho on the decline | for the past four months, averaged | higher tn April, 192%, than In any previous April save 1917, before gov- ernmental war control of prices, and 1920, when price fixing ceased. The average spot price of soft coal at the mine, according to Coal Age compiia- tions, was $2.88 per net ton in April, 1923, compared with $3.21 In April, 1917, and $3.85 in 1920. oe BUT GIVE EVERYBODY AN EVEN BREAK ‘The country has entered an era of high wages,’ says the tional City bank, of Chicago. “In March there were 218 wage advances an- nounced, and In April the move- ment was possibly more pronounced. These changes aré the outgrowth of supply and demand conditions, for the shortage of labor has created a situation where large employers are bidding against one another for help. Competitive bidding of this character leads to many evils and frequently produces general unrest. “There is no stopping the move- ment, however, so long as the coun- try is developing such an ex- traordinary business; but the general increases are adding materially to Production costs, and if carried much further will surely imperil our foreign trade, Furthermore, it will be a potent factor making for high- er living expenses and, if carried to extremes, will do the wage earning classes greater harm than good, “It ts difficult to make the work- ers believe this, but it is neverthe- less true, that a reckless increase in wages invariably brings increased burdens to all groups of the com- munity.” . GULF GETS OYSTER SHELLS Almost seven times as much cargo was imported from Gulf ports this year as last, figures being 4,320 for 1921, and 29,764 in 1922. Cast iron pipe, 4,000 tons; oyster shells, 7,000 tons, and hardware 3,000 tons, were items of the great- est tonnage. Strange as it may seem, 3,000 tons of this cargo was Jara, Exports to Gulf ports increased from 7,672 in 1921 to 19,225 tons in 1922. With regularity of service to Gulf ports this business can be in- creased, Foreign Conditions | Reviewed hy U. S. Department of Commerce Latin American cables to the de- partment of commerce show gradual improvement in Argentina, the result principally of continued heavy ex- ports of raw products at good prices, but little change elsewhs Continued dullness in Brazil ts at: tributed to a renewed decline in the exchange value of the milrets, Building continued active {n Chile, nitrate exports are increasing and customs collections in March were tho highest since February, 1920, Excellent crops are reported from the central region of Peru, and ac- cumulations of sugar are practically cleared up. “ ‘Trado is dull in Mexico, where sil- ver currency {8 at a discount in gold, and banks are favoring gold deposits, Business is slower in Bolivia, but the general tone is optimistic. Bank liquidation in Cuba continues in’an orderly manner, The Banco Gomez Mena has been absorbed by 2% the Royal Bank of Canada, Cables from the Philippines tho seml-tropical Ortent indicate im- provement as the result of better prices for natural products, especially rice, tin, and rubber, Both the Phil- ippines and India show a large favor- able balance of trade. and|N~ STRONG LUMBER MARKET IS SEEN Retail Dealers Are Having Brisk Trade Building {s increasing by leaps and bounds under the stimulus of weather to outdoor work, and lors are enjoying a brisk de- | favora! re | tail smodities raising the | bring the 1924 convention to Seattle. | mand for lumber, says the American |Lumberman. Wholesale trade con- sequently is increasing, but it Is no table that a great deal of caution ts exercised by the retailers and th |they are not lUkely any extent except to buy only as they find it necessary. And this | favors the manufacturers, whose fa- cilities are taxed to meet current de- mand and would break down if the retail trade were to start a general | stocking up movement | The outlook for spring and early | summer building is excellent and rec- | ords appear in a fair way of being broken in some sections. Investment houses specializing in building finan cing report that a tremendous to stock up to | amount of capital is being advanced for construction projects, indicating, they say, not only that the need for new housing is immense but also that prospective uullders are not being frightened by present costs of build ing. They hold the opinion that anything limits construction act ties this year it will be shortage labor. The lumber market meanwhile {x very strong and recent soft spots are disappearing. Southern pine milix are booking orders well in excess of production without having had an opportunity to clean up old order files or add materially to their low and badly broken stocks. Recent demand has absorbed most of the transit cars on the market and bu are encountering much trouble in placing their business because of the scarcity of material. The I. W. W. strike declared on the West coast threatens to curtail Dou- glas fir output, and this has had a decidedly strengthening influence on the already strong market, Produc- tion has not yet been reduced by this factor, but woods operations have been severely hit. As there {x no log surplus on the Coast, this is sure to find early reflection in mill ac- tivity. Production, shipments and book- Ings meanwhile remain considerab! in excess of normal. Stocks are be- ing steadily reduced by the record- breaking shipments, which, together with the fact that 134 representative mills have back orders totaling 500,- 000,000 feet, makes any early weak- ening of this market improbable. The other softwoods occupy iden- tically strong positions. The hard- wood market 1s strengthening, as de- mand is slowly lifting itself out of the recent depression. A and B Smith Cove Are Now 40 and 41 Due to the confusion and annoy- ance resulting from the fact that plers at both the Yesler way and Smith Cove terminals are designated as A and B, it was decided at the regular meeting of the port commis. sion to change the designations of the Smith Cove piers to 40 and 41. In future all freight consigned to Smith Cove will be loaded and un- loaded at piers “40” and “41” rather than at plers “A” and “B." Ship News Tides in Seattle FRIDAY MAY 11 Hish ‘First High Tide 2:22 am, 11.2 ft. 2:00 a m., 11.0 ft. Firet Low Tide First Low Tide 2:03 a. m, 3.7 tt.) 8:42 a. m., 2.8 ft. Second Tide | Second High Tide Dom. &1 ft.12:56 p. m., 8.7 ft. low Tide | Second Low Tide Second TAT pm, 3.9 Tt eee Weather Bureau Report Barometer rising; thick mist; wind southwest, 20 miles an hour. steamer Take Gebhardt reported ashore between Umatilla and Cape Johnson, about 3:0 am. Tug ma leaving Neah ‘Bay to assist. Lp. m, 46 ft Tacoma, at 7:15 a m.; str Yo! Maru from Vancouver, BR. C., at 7 i'r Frank Lynch from San 6 itr Steel Inventor for Providence via ports, at 6 a. m.; str Arabia Maru for Vancouver, B.C, via Tacoma, at 3:40 a.m. May §—Str H. F. Alexander for San Pedro via San Fran- cisco, at 4 p. m.; str Santa Inez for San Pedro vin Everett, at 10 a. m.; str Nome City for Tacoma, at'é | Tuneau—Afay &—Sal Westbound, at 9 a, m. eee Vessels in Port at Seattle Smith Cove Torminal—Pter A—Str Da- kotan, Pier B—Schr Camano, str Yokohama MM mertean Can Co.'s Terminal—Str Brook- Bell Street Terminal—Str Admiral Wat- Pacific ‘Trunk Terminal—str ven, atr Melville Dol- Pier 2—Str Ketchikan, atr Latouche, Pler B—Str Admiral Sebree, unkers—U. 8. 14 Star, atr Wabash, Lat U. 8. Ahipping Bo Moorings—Str Teo- nium, str Anna B, Mor) Connectlout Street Terminal—str Steet Exporter, motorship Coolcha, str Chas, H. Cramp, Atlantic Street Santa Clara, King & Winge Dock—Motorahip Anvil. Stacy Street Terminal—U, 8. ©, 8, Dell- ‘wood. Milwaukee Ocean Terminal—Schr ©. 8. Holmen, General Petroleum—Sir Wheatland Mon- tana. ‘Terminal—Str Todd Drydocks—Str Weat Ison, str West Nilua, ste Northwestern, t Sound Bridge terson. mes Terminal Co.—Str Griftdy, motor: abip Libby Maing, str Sagadahoo, Nettloton'y Mill--Ritn Makawell, 15 a tac Btation—U, 8, B, Dredging Co.—str n's Drydock—Motorship Oregon, Mill—-Str Frank Lyneh, Winslow Marine Rallway—Str ‘Caesar, Wark Belfast, barge Coquitlam City, qhatera Star Now, 1 2, 3, Dita Jarnes