The Seattle Star Newspaper, May 18, 1923, Page 20

PAGE 20 SEATTLE BUSINESS—Finance, Produce, Shipping, Real Estate, - SEATTLE LEADS | New York Stock Market IN SILK IMPORTS. Local Cargoes Nearly Twice Nearest Competitor Seattle's dominance as port of en 1A try for silk tmportations ts estat Mshed by statistics recelved Thurs day by Shirl H. Blalock, district man ager of the U. 8. and domestic commerce, which ranks | Beattie first in the total cargo re-} ceived. | ‘The state of Washington ts the Weading importer, having received 27,793,261 tbs, valued at $126,797,638. | ‘The second port of entry was Ogdens. | burg, N.Y, with 10,386,377 Ibs, val wed at $74,925,649, It ts at this point | that shipments over the Canadian Pacific railway are declared. San Francisco was third with Ths, valued at $52,599,059. KUAY WEEKLY BOOSTS TOWN. ‘The Kuay Weekly, the student pa-| per of the Queen Anne high school, | is batting 100 per cent for Seattle in| its “Know Seattle” number, tssued| Thursday, The issue covers, briefly | but efficiently, the facts that Seattle | citizens should know about their city | @sacenter of education, industry, » scenic wonders, historic} > reminiscence and spectacular growth. | bureau of foreign | Nor do they plan to keep this in. | * formation to themselves. The extent |s of accomplishment at which they ‘aim is explained in a front page mes- | * gage by Otto L. Luther, principal of the school. the kindness and civic en- of the Kuay Publishing as- ”“ he says, “1,500 copies of ‘this week's issue of the paper are be- ing distributed. Each student is re- | § ceiving a copy and there will be a umber for general distribution. I asking each student to acquaint with the information regard- ing [siege in this issue and renew in his city and be prepared full part along with the wt being put forth at this ‘Seattle spirit.’ have read this paper, mail it to @ friend or acquaintance in the or South.” Portland Will Get Big Grain Elevator |! PORTLAND, May 18.—In connec- tion with the recently-announced Teasing of the Albina O0..W. R. & N. dock by the Northern Grain & Ware- Rouse Co. plans for the construction ‘of @ 300-bushel grain elevator by the ‘Brain company were made public to- __ The proposed elevator will more . Gouble the present capacity of A Wagon Prices NEW YORK, May 18.—The Guilt company has reduced tank gasoline 1 cent a gallon in York and Connecticut, making Price 31% cents. ‘The Standard O11 company of New wk has cut the tank wagon price E gasoline and naptha 1 cent a gal- __ _Twenty industrials 95.53, off 42; 20 iis $1.70, off .17. irty-two representatives of cap- and labor urge nationwide sus- on of building until fall, to halt pooats, workers to gain by new ‘William Whigham, president of the sie Steel Co., stated in an in- that the steel industry will & buyers’ strike before winter ‘unless production costs are reduced, E 1s price cuts. Gulf Sulphur declared quar- ly dividend $1.50, payable June 15, d June 1; previous rate $5. “Cities Service for 12 months net to i stock and reserve $8,050,881, 95,205,591. Baldwin Locomotive declared regu- semi-annual dividend, 3% on n and preferred, payable July | Ri cold spell STP.2ET 18. —Little initial prices nd starting at started Opening prices ! T. & T. 1224, off % Bethlehem i, $8, ups American, ‘GRAIN PRICES SHOW LOSSES CHICAGO, May 17.—After rea ing new high figures, grain pri receded in late trading after advances. Wheat prices declined fractionally, due to dental of crop damage reports from various pants of the grain belt. The Kansas crop was said to be showing the effects of the recent ter reduction tn than previously esti- anticipated. continued light receipt d farm demand, Prices declined to below ope prices, Selling developed when hig Prices were reported being paid for cash corn in outside market Oats declined with oth Crop reports were favo Provisions after a sharp decline, rallied and closed higher . | Chicago Basil of Trade Thursday's Quotations Wheat— Open High Low Close vise LEON HL OLI9N BLD Leh Liew LUG LIK rly mated w Despit and tner@ 40K ae 11.07 11.90 Maa 41% 31.05 wee WAT + 140 31.07 20 31.03 1L1T 1.40 Nominal Nominal oat Cash Wheat CHICAGO, May 17.—Cash wh No. 2 hard, $1.22 4: . ray a0 920 o25 (889 . Chicago Car Lots Thursday's Quotations Barley ° eiege Denfer Live Stock ‘Thareday’s Cattlo—Receipts. hen Mernet steady. Steers, $1@9.35; cows and helfers, $4.6 ow feeders, ° calves, $4.50@12.75. Hoge—Recetpts, 2.500, Market stead: Hy pcs Top, $7.45; bulk, 97.1 Shae ascints, 2,200, Market fe high- Wooled lambs, 15@16e; ewes, $7 4250, wee Portland Produce Quotetions ‘Thursday's Ratter—29@ ile Ib. pe HOS @2%0 Ib, Hens—11 @ tie » ee 1 Grain Quotations Open, 108 44; high, Ite H + close, 108 44. July: Open, oe 10%4; high, 99 114; low, 98 10%d; close, 98 11d. Cet.: Open, Sa 84d; Bebe #5 455d; dom, 06.54 lowe, 99 84d Live: v San Francisco Produce ‘Tharsday's gr eae hee oe ite Regs Extras, 200 doz; extra pullets, 26%e doz: undersized pullets, 32¢ dos. alifornia flats, fancy, 320 1b, N. Y. _ Sugar and Coffee pan me re ° ey seth refined, dull; granulated, $9.75) Cottee—No, 7 Rio spot, 11% @120 Ib; No. 4 Santos, 16% @16¢ in, . * Liberty Bonds Tharsday’s itione Tarnished by Logan & Bryan $10 Hecond Ave., Seattle rics High | Low rent } ha + 101.08 Firat 4s. 1b; prime firsts, rth Victory 48.4 New 4%48 vee "Weakness in copper stocks due i fly to iquidation induced by the mt sharp decline in the price of metal, Current earnings of Computing fab. & Rec. running at annual rate more than $13 a share on 150,688 ires of stock which will be out- landing after May 19. Pure Oil, year ended March 31, hows net income $4,982,420 after in- depreciation and depletion and mt, equal after preferred dend to $1.37 a share on $64,697,- 0 common $25 par. ducers & Refiners income for ended December 31, $4,198,065 net profit $2,113,855 in 1921. ‘The plea of A. H. Smith, president York Central, that the Cen- Railway of New Jersey and ts of the Philadelphia & Reading, assigned to the New York Central n, and a protest by Samuel president of the Pennsylvania separation of the Norfolk & mn from the Pennsylvania sys- featured the hearing before the tate commerce commission, RADE TERMS SELLING SHORT ling short” is a stock market n meaning the selling of a secur- iat the seller does not own. In words, the person who sells contracts to delivers given se. |C! at a given price when called for delivery. Such sale is made N expectation of a drop in the price} 5, British viet. British Ref. 4s Belgium Restor, bs... Belgium Premium . German Berlin 4s . Japanese 4s United Kingdom, United Kingdom, Italian Cons, 4s Seattle Stocks H. M. Herrin & Ce, 117 Cherry 8t., Seattle Bank Btocke— American Savings Bank 116.00 145.00 52.00 137.00 Northern Life, Oahu Sugar Ow! Drug Fak ka Navigation } the security, at which time the| F can buy, at a lower price, the & Foundry ty he has sold, and deliver it at.| F price at which he has sold it, fiting by the difference, The manner in which short salow are carried out, and the risks In- ed therein, are clearly explained W. Babson's article else- on this page, Bd. Power, 6% "a 1 Bros. corn, Sperry Wiow do com... Superior Por Todd Bhipyar Gellorbac! JOURNSI interest Idated Gas, 61% American Can, , 20% any orn Products, : i grains.) | Consolidated 1 jae FINANCIAL b REVIEW le after wh ruly off %) Utah, 64 83%, up A: Union Pacific Studebaker, 111%, off 4) United (bh; BD is; Reading. 4 1804; Northern Pacific up in N. Y. Stock Market ‘Thareday’s Quotations Furnished by Logan & Dryaa BO Becond Ave., Seattle Block American High 5% Tobacco tl Dopper & Zin athe & Superior. re Callahan Zino & Lead Colo, Fuel & Iron... Columbia Gas..... Consolidated Cigare.. eere F ee a ry sie 10% 1% Continental tile Cora Products Coeden...... Crucible tel. . Cuba Cane iu: do pid .... ‘ Cuben Amer. Sugar | Comp. Ts Dupont Division Chemica Dome Mines. Del. Lk. & Wee Badicett Johasow. Goodrich Rubber Nor, Ore. etfs Great Northern pld.. 7 if Mates Bice Granby , Consolidated General’ Asphalt..... Green Canani ‘ Guantanamo Huger. Housten Ol Hudson Motors. . Intl Agr. Chemical Kath, 1 rt rads Consolidated, Northern Pacific. Orpheum Circuit. Pan Amer. Petroleum do B Pierce Ol. Pressed Hteel Car., Pullman Pal. Gar... .120 Bupie Allegre Segez. 61% Mi Producers Refinera. Phillips P. Reading... uy Reepubite Iron & Bisel 61 Fy Stromberg Carburetor Btudebaker Corp.....11 Standrd Oll N. J. com do pi Tennesses Copper Texus Company... . Tobacco Products ‘Transcontinental Union Pacific. Ave, Beatle Present value Sterling ‘Canadian ites: Belgian f ne. . cta, Swiss fra: i onaipa © NEW YORK, loned ‘ths franen, ners Hire 40, ude; | om 1668 to the dollar, AGES AC Adela BANK CLEARINGS Seattle Clearings .... Balances ..... . Portland Clearings .... + 6,280,241,01 Balances ,. + 1,471,974,99 $6,645,015. 1,639,287.31 Tacoma Total tfansactions.. 2,696,000,00 trading | THE SEATTLE AND ALSO, BOYS, IT LEADS THE WORLD IN PRETTY GIRLS UR esteemed contemporary the Kuay Weekly, Queen Anne high school's student paper has the following to say Seattle: “Do you know that Seattle is the largest city of the world for its age; that it is a center of Alaskan and Orletnal trade; that it has the Ballard jocks, which are surpassed only by the, Pana- ma canal locks; that tt is the best lighted of American cities? These are only @ portion of the famous facts regarding Seattle © that Know Seattle week will attempt to tell the world, "To better acquaint the people of Beattlo with the wonders of their city, as well as to acquaint the rest of the nation with the advantagen of Seattle, are the purposes which the coming week will emphanize, “It 1s the duty of every citizen, man, woman of child, to know and to advertise the city that he lives to,” about Local Markets VEGETABLES Dealers ein " Local, per sack mbbage—Cal, per ib. : Carrote—iinp.. dos, benches Yakima, sack Colery—Cal., per erate Cacumbers—Local hothouse Garlic—Per Letince—Cal., Local, orate Cal. brown . ver dos. Australian Brown Parsley—loc., da. ire. Green Peas—Per ib L7692.00 1.0061.7 ” per crate +:9.50@4.00 ae «09 burcbes ome, fancy, wraaea 1,008 new, per Ib... Beet Potators— te. No, i, per th, Jumbo budded, per fh. Wancy budded. per Mm. . DAIRY PRODUCTS Prices Paid to Shippers A grade, Beattie delivery. ..« Eque—¢resh ranch, white abel. Mines colors . Rayetions—tarheron per D.. and Reds, t. . Capons—Live, fat, per tm, Fancy, 4. p. seeeeeee Hone 1 toe. and vo. Medium, lv Live, ight, 3 to Pager ‘Sry picked § cents above Tha, and up.. 'é | = | inees. a ate Live, fat, par Th, Reosters—Oid, ive, ‘per R.. Medium, dressed . LIVE STOCK Quotations at Stockyards 15 9.50 1.00 9,00 +2 3.00 FLOUR reel SUGAR bolesale I ole f Ftolled and ground, 40" Corn—-Wholo, yellow, 120'8 Cracked Oate—Wholo feed, 100% o/@ yoar #/VISIT PEANUT STARK bE Seattle's furniture bill ts $2,500,000 Nearly every grade of fur |niture fs made in ttle, and other |cities of the Northwest add to this important and growing industry Among the varieties made in the Northwest is fiber furniture—an | tractive and du lo variety which, atrange m, is made from paper produced in Northwest paper mills | The picture shows a battery of} spinning machines at the plant of| the Pacific Fiber Furniture company | of Beattie, These machines make the | [fiber cord which is wrapped onto a| hardwood frame and then finished in| one of a variety of colors or color] combinations, | Tho large roll of paper, which| comes from the mills in Oregon, tn] fed into @ slitting which cuts the pape: narrow widths shown on machine. rip of paper is then run thru | as it may » machine, into the « shown on the extreme left of the p! jture in the © of fiber ‘Two other ma called “fiber stak rf the narrow widths of paper and al Jeongth of steet wire, and, in one pro- cena, spinning tha paper into cord) and Inserting the wire in the center. | These so-called “stakes” aro uned ax uprights in the frame of a chair and form the “warp upon which the other fiber ts woven. The craft paper manufactured in the milis of the Pactfio Northwest ts of superior quality, being very strong and uniform in color. After the fi- ber cord ts wound and woven onto the frame, it is treated with sizing} which penetrates the cord and ce- ments It to the wood, thun making it impossible for {t to loosen up or un- wind. The result of this process ts & piece of furniture which in not only | comfortable and attractive in design, but which has great strength and durability. Mra. Dora Kurcans fs shown oper- ating tho spinning machine, ah BUTTER PLANT The Northwest producta committes of the Seattle Chamber of Commerce, in its bi-weekly inspection of Seattle manufacturing plants, visited the factory of the Spreadwoll Products company Thursday. They were shown the intricactes of converting| raw products into malted nuts, peanut | butter, syrups and other xpeciaitics. It was pointed out that Seattle is an ideal center for this and similar industries, due to the fact that it gets low water rates on imported food- stuffs, while It is, as well, a good dis. tributing center for the manufac- tured product over a wide territory, Booklet Describes Puget Sound Trips “Little Journeys by Trolley and] Stage," @ comprehensive guide to| trips In the territory between Se. attle and Vancouver, B.C, is a new booklet compiled by W. H. Somers, traffic manager of the Pacific Northwest Traction company, ono of tho Puget Sound Power & Light subsidiaries. It in being distributed to hotels, travel bureaus and whole-| sale houses, In addition to a pictorial map of| the territory, it. has tables showing several hundred towns and com. munities, with their population, the number of miles from Seattle, fares to and from Seattle, approximate time for reaching each point and the route of travel. There are com: pleto timo tables covering all points in this territory, including travel by ferries. steamers, trolleys and motor stages, Bealdes, there are outlined a nemn| Bor of pleasant short trips that may! be taken from Seattle and the Inter onting things to see on each, TO BUILD NEW PHONE LINES Pérmanent reconstruction of 41 miles of the Seattle-Spokane long distance telephone lines will be un. dertaken at once by the Pacific Telophone & Telegraph Co, Tho project extends from Cle Elum east of tho summit of the Cascade mountains, across the Wen: atcheo range of mountains to Blew: ett station, It will cost $191,000 and will involve placing 324 miles of aerial wire, Tho number of poles to We net in 1,463 and the number of crossarma 2,760, Yor u distance of 10 miles the line is now carried 600 feet up the mountainside above tho Blewett Poss road. ‘This ts a temporary route made necessary hy blasting in connection with the rondwork on the highway thra the pass. ‘The Fo. constructed lead will follow the ne of the road, Making Northwest Products Dangerous, How Selling Stock Short Is Says Babson Stock Selling Operates Explained by Statistician ELLESLEY HILLS, Mass, May 1$—The re- cent bear raids in the stock mar- ket have led a large number of small speculators to believe that good stock mar- ket days are over. Popular fancy in this quarter in ing to short sell- ing. Since the BABSON technical position of the market is being undermined |by this move, Roger W. Babson's | warning against this practice, issued | today, ts particularly timely. “I do not pretend to be able to forecast the short swings of the stock market,” says Babson, “but I do know that the short interest de- veloped since the recent bear raids— probably the largest in recent years —has reached a point where it is very dangerous. This is largely due to the fact that speculators all over the country have been carried away by the prevailing bearish propaganda and have gone ‘short,’ fust as they buy stocks when surface conditions look optimistic, It looks as, ry to sell as to buy, and it ia my that the majority of these speculators do not understand the position that short selling places them in. HOW SELLING SHORT WORKS “Lat us see what happens. If you gave your broker an order to sell 100 shares of somo stock short, he actu- ally borrows the stock from one of his. other customers who owns It, or from some other broker. He actually sells this borrowed stock for you! ‘| You put up the cash to guarantee its Present value or a margin deposit to protect your broker. “If the stock happens to go up, you are called. on for more margin. If you can't cover It, the broker buys the stock in at the market and. re- turns it to the original owner. You stand the loss, So far short selling presents only the dangers attending ordinary marginal buying—a few points in the wrong direction and you are wiped out. “It must also be borne tn mind, however, that you borrowed the stock and that you did not borrow. it for any given time, The owner éan call on you at any time for It, and you must return it. If your broker can borrow some more for you somewhere else, all right; but if he can’t, you must buy the stock in the open market and return it, no matter how high its price nor how much cash you have to protect your margins. Moreover, if these 100 shares pay a dividend, which you are short of, then you must also pay that, 0 LIMIT TO LOSS IN SELLING SHORT “Multiply your own short position by several thousand and the greatest danger of the practice is apparent, The short interest 1s very soon larger than the number of shares of the gtven stock that are for sale, Prices advance two or three points and a few of the shorts cannot put up the increased margins, Brokers fo Into the market to buy the stock, ts return it. The demand raiser prices a bit, then there are more shorts that are forced to cover. “The market strengthens and bro- kers rush in to get tho securities they must return—behold! there are no more for sale, Prices skyrocket and the speculators who were short are wiped out, It is interesting to note here that there is no mit to your losses on a short sale, If you buy a stock at 60 you cannot possibly Jose more than 560 points, but if you sell Jt short at 50 it may go to 100 or 500, or even to 1,000, and you must cover and stand the loss, RECENT CORNERS IN STOCK MARKET “The short interests, for Instance, were caught in Stutz in April, 1920, ‘Tho, stock had been selling between 100 and 146. The moment the short sales exceeded the floating or avail- able supply prices started to climb and went to 724 The New York stock exchange then stepped in, but the short Interest had to settle at the rate of $560 a share, The same stock may be had today around 20, “More recently the corner in Pig- «ly Wiggly has ilustrated once more the extrqmely weak position of the speculator who is short. This stock turn-| had been trading between 40 and 64. The majority of the short interest | probably sold it around 60. When the stock was called for there was none to be had. Prices soared, and it was taken off the exchange. Set- tlement was finally made at the rate lof $100 a share. GENERAL BUSINESS STILL ABOVE NORMAL “These spectacular cases illustrate our point, but do not represent tho | reat loshes resulting from short sell- ing. Millions of dollars are endan- | gered today on the short side of the | present market, a growing accumu- lation that gets shakler as it piles | higher. | would start the drive that would Practically wipe this interest out. Moreover, fundamental conditions do not indicate that business has gone to pot. Business is still good. Con- ditions are against the short sellers and thelr chances to win dwindle as the short Interest grows, “In. fact, general business, as re- flected in the Babsonchart, i still above normal by. 4 per cent,” con- cluded Babson, “and will doubtless continue into 1924, There is nothing in one fundamental situation to: in- dicate that the stock market bas reached its top. Short selling at best is dangerous—short selling against fundamental conditions is apt to be suicidal.” MORE COLORS IN MEN'S SUITS Sterner’ Sex Will Doll Up, Tailors Declare Cerise suits, crimson cravats, lav- ender lids, striped’ socks, violet vests, shimmering shirts and Tut- stuff ties— This may be starting out abit strong, and may even amount to a misstatement of the real truth, but the fact remaing that the con- vention of the Seattle Merchant Tailors’ exchange of the Pacific Coast “Merchant Tailors’ association Thursday night did announce that men's suits would be splashier® this year than heretofore. “Lighter colors and more’ colors, with a touch of King Tut in néck- wear” was the decree promulgated by EB. G, Everett, secretary. And here js the pleasing adden. dum: “Men's wear will be looser and more conifortable,” he added. Henry E. Ashmun, executive sec retary of the Pacific Coast associa~ }tion, of San Francisco, who {s on a tour of coast exchanges, said that men are dressing better than in years past. George B. Dunn, presiding, de: clared the 1925 convention of mer- chant tailors is assured Seattle, and that it will be held in the ‘new community hotel. i TO UNIFY PORT TARIFF RATES Represoptatives of six Northwest ports have launched a movemént toward the inauguration of uniform terminal tariffs for tho district, it was announced Friday morning. They organized the Pacifio North- west Terminal Tariff bureau with W. 8. Cahill, traffic manager of the Port of Seattle, as president, and George ‘F, Nicholson, executive sec- retary and chief engineer of the port, secretary. Citles represented were Seattle, Ta-] coma, Portland, Vancouyer, B.C, Everett tang Bellingham, Wool Market See: Cautious Buying BOSTON, May 18. Wool condi. tions were quiet yesterday, altho there was a better inquiry reported by, somo dealers. The only buying by mills at presont is for immediate needs, There is a note of uncertain: ty ns regards.the disposition of the public to pay increasingly higher Prices for goods and this checks more FRIDAY, MAY 18, 1923. Building STATE CROPS WILL BE GOOD All Reports Are Favorable in Washington General crop conditions in the state today are good, the state deve! opment department of the Chamber announced after receiving reports from both Eastern and Western dls. tricta. Both acreage and condition of wheat indicates @ heavier crop than last year when the. production was 82,400,000 bushels. ‘The fruit crop of the Yakima and Wenatchee valleys will probably be considerably larger than last year, due partly to good conditions for crops on old orchards, but largely be- cause new orchards are coming into bearing. The sheep industry 1s in bette* shape than for several years and there has been good spring pasture for beet and because of the heavy winter precipitation there will be g00d summer range, Prices are ris- ing a little. Farmers report there is slight la- bor shortage and a general tendency to higher labor costs. ‘The supply of farm labor in Wi ington is about 88 per cent of nor- mal while the demand for farm la- bor has been 95 per cent of normal, 4s shown by information gathered by the Chamber. The ratio of supply and demand thia year ts 93 per cent SMALL PEACH CROP IS SEEN WASHINGTON, May 18, — The early peach crop of this year ts due for a considerable cut under the crop of last year, the department of agri- culture stated today. Reports received by the depart- ment today Indicate that the Georgia crop will be about 57 per cent nor- mal, while Alabama will practically drop out of commercial peach pro- duction this year, More than half of the commercial crop of Oklahoma was killed by freezing. In Hopkins county, Texas, last year 40 cars were shipped and 150 cars are expected to be loaded ‘this year. MEARS GIVEN GOLD SPIKE Lieut. Col, Frederick Mears, builder of the Alaska railroad, was presented a gold spike by the citi A rise of three to five points|zens of Anchorage, when he arrived at his office In the Bell st. terminal Thursday. He stated that he would send the spike North to be put into actual use when Prestdent Harding visits the territory this summer, Only the standard-gauging of the last seven miles of the railroad re- mains to permit thru train service from Seward to Fairbanks, Col. Mears said. The Alaska. railroad, 470 miles in length, has cost $56,000,000. Artists generally make poor finan- clers, perhaps because it is natural for many of them to overdraw. Ship News Tides in Seattle 12328 p.m. —0.9 ft, Second High Tide 7:38 p. m., 1.6 tt . Second 1:06 p.m. —0.8 tt. Second 21 p, m., 11,7 ft. e Weather Bureau Report ‘TATOOSH ISLAND, May 17.—8 A. M Barometer rising; cloudy; wind south- west, four miles an hour. Luchenbdach steamer, Henge out, large two-mast freighter, at a. m.; str Redwood towing str Nor- vee ats p. Cs vi. Arrivals and Departures ABRIVED—May 17 Toyook Maru from Kobe via Yokohama and Vancou- yor, B.C. at il a. mm. ath Delroan from Tacoma, at 2 a, m.; str Rainier from Ta- coma, at 2 a.m; str Admiral Farragut from Vancouver via Anacortes, at 3 a. m.; str President Jefte from Ma- nila via Hongkong, Shanghal, Kobe and Yokohama, at 6:30 a.m, May 16—Str Tyndareus from Manila vie Hongkong, Shaghal, Kobe and Yokohama, at 11 p. m.; str La Brea from Port San Luls, at 9p. m.; str Admiral Evans from South- western vin Southeastern Alaska, at 11:30 p. m.; ¢tr Victoria from Southwest- ern vin Southeastern Alaska, at 11:15 P. me SAILED—May 17—Str J. A. Moffett for Richmond, at 3:30 a. m.; atr Jefferson for Southeastern Alaska, at 9:15 a. m.; str Santa Ana for Tacoma, at 6:30 a.m. May 16—U, 8. C, G. Bear for Bering sea, at at my : Vessels in Port at Seattle Smith Cove Terminal—Pier A—Str Koh- nan Maru, str Bayden. Pier B—Str President Jefferson. Union Ol Dock—Powership Boxer. Bell Street Terminal—vU. 8. L. H. T. Heather, str Commercial Trader. Grand Trunk Pacific Termijal—Str Ad- miral Evans, Pier 14—Str Tyndareus, str Wakena. Pier 11-B—Str Owego. Pier 7—Str Santa Clara. Pier 2—Str Latouche, str Valdez, str Jet- ferson, Pier 1—U. BS & Eagle No. 57. Pier A—Str Admiral Nicholson, Pier B—Str Admiral Sebree, Pier D—Str Admiral Rodman. Pacific Coast Coal Bunkers—Str Nicterts. vu. B Lagi ae Roard Moorings—Str An. na B. M ‘Gomnectignts "street ‘Terminal—Motorahip Coolcha, Albers Bros.’ Milling Dock—Str Rainier. epee? Street Terminal—U, 8 C. 8. Dell- Boller Worke—Str Santa Ocean Terminal—Sohr ©, 8 ent ret *Petroloum—Btr Caroline Frances, ba Drydocke—Str West Ison, atr West Puget Sound Bridge & Dredging Co.— Str Pattereon. Harbor Island Dock & Warehouse (Fish- er’a)—Str Admiral Farragut, sai ‘Terminal Co.—Str Sagadahoc, dkta jakawell, rd ge Renken Gratia, nan’ Winslow Marine Sehr Betay Rose, sehr Commoaare, bark Belfast, barge Coquitlam City, wi Nos. 1, Jue saree Rosamond, pee Henry BEST-DRESSED KING — ‘The United States may have the “pest-dressed president,’ but think of Spain, where King Alfonso spends $10,000. year on his suits, under- wor, Nats, socks, shirts and boats. Ho buys about 100 suits a year, and rood. ‘Comimerctat aggressive manufacturing policies. Wool in Texas continues to sell at 60 cents a pound, ac, never has less than®160 at a time. eal he weares mult ‘about alx