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

PAGE 12 NEW LABOR BANK OPENS New York Governor Be- comes First Depositor NEW YORK, May 19.—Goy, altrea} B. Smith, of New York, was the first | 7 w NEW YORK Me @epositor in the Federation Bank of} fea avew York, the new labor union bank | Wim which opened today 4th street | Ht mn Bighth ave. New York. Over fap 226 unions are partners in the new om fimancial institutic n te char | ea tered under Now o¥rk laws, with a| me capital of $250,000 and surplus of $250,000. Over $700,000 was subd-| io Petr k 109% 1% Contral Leather field, 47%, off » Bor and financia! interests Peter J. Brady, president of the | Allied Printing Trades Counell of Wew York is president of the new Bank, and among the directors are | H. Parker Willis, economist; Wi! Stam W. Cohen, banker; Hon, Jore. | T. Mahoney, New York judge; John| Ew. Delaney, commissioner of docks, | ity; James P. Holland, | can Smelting Beribed by prominent New York Ia saecipeatinanicsiadlean ALI values was made May 1s STREE ntral, 9 LIQUIDATION | CAUSE OF DROP Aiiled ft % New York State Fec ation | CHICAG®, May 18.—Grain weak land and| ened und heavy liquidation and r als,| closed low Seattnew Woll, labor union officials, | <losed lower, suing devel oad ‘The full board of ectors, with | poiiow) eceipt favorable re “the above, include: ra A. Conboy,! ports f ver the grain belt lion. S. A. Cotillo, Capt. Chas. F.| An address made by Allen Logan, F Holm, William F. Kehoe, William E Mid Western expert, ‘be Kobn, Walter F, McCaleb, Joseph | £° Male ureatiy alteared sontlr ont. Ryan, Frank X. Sullivan, John Sul _ Uvan. nen sure. Southwes weak, Kansas City, markets yesterd |plete reversal with prices 2 to Oats declined & result « Financial Flashes From James Macfarlane & Co, 811 Second Ave. $0 rails 81.68 off 12. © Rubber issues were heavy on re- that crude rubber was quoted | cents per pound. This is half) Wheat— Opes above year’s low level. in Re Standard Oil of Louisiana net earn: | 5); ae et t"4 Quarter ended March 31 were} Corn compared with $112,545 in| \8y-- Hd i Be % “Ratio federal reserve system 75.3 77.6 year ago, New York |® aoe fe reserve bank $4.1 versus/yuy °°": “{} year ago. Lard Pure Oil made new low for year | May ete Publication of earnings report for |", if ended March 31. There are ru- ere sists MAY <<sus0 Mors of new financing going the \ Reports that Texas Co. contem- ited new financing for expansion Dp is denied. Fleischman declared extra divi- of 50 cents a share on common July 1. An extra dividend of cents was also declared to apply | October quarter, payable Octo- CHICAGO, not quoted, Open 1 Coast Line and Louisville 6a lle will jointly lease Caro- . Clinchfiela & Ohio for 999 years. many pays installment of 53,- . gold marks on treasury bills ced Belgium to America. Cattle—! '®. $3.60 at 1008 Second ave., under tho of Nordby Hat shop. Tho for business Saturday Batter—29 Eege—2i@ 270. Cheese—2i @ 2c. Hens—20@ 22c. . State tank wagon price of Hine in Kansas City, Mo., has advanced 2 cegts a gallon mak- total advance 4 cents this week. eee “Cuban sugar crop estimated at 3,- K tons for 1922-23. te cee | Youngstown district pig tron pro- clip $1 a ton off quotations all grades, in an effort to induce d buying. see Standard Oil of Louisiana has re- d gas 1 cent a gallon in Louis- Arkansas and Tennessee. eee by National association of ifacturers states that the closed p is responsible for high costs. see sees turn in tide of gold; unfavorable trade balance will probably result in export of Continued heavy output and strong ind feature business of the ma- auto producing plants, accord-| Ch to automotive industries. May ons will establish a new rec- in producing’ history of the in- os Series— Firat 4s Fourth 4\% granulated, 39.7 Cott Bantos, 14 ce President of Union Pacific said terday that the outlook for con- ed heavy movement of freight) ght and that operating condi-| ee ery a8 can be | Total Bank Stock Amarican Savin Rank of Califor: Dexter Horton Firat National. Marine National. Metropolitan surplus is that proportion of earnings of a business after pay- all expenses of operation, inter- ts, dividends and other costs, that mn be carried forward into the next period. When this amount is added to a similar pre- accumulation, it is called a surplus.’ surplus of a corporation can be r than its capital. A good tration is the case of the Chem- National Bank of New York on Nov. 12, 1906, had a sur. National City. Beattl ial Union National Industrial Stoc! Albers com do ptd Aero Alar i ‘Alas business conditions in the States, declare the coun- is now in the opening stage the greatest period of prosper. ft has ever experienced. They thelr claims on the rapidly ing buying power of the and the absence of any ons which might disturb Pacific Coant Bisc iy Pug Reid Bros. com do pf. Sperry Viour ptd, dO COM. sise Superior Portiand ‘Toda Bhi slow ‘Receipta, steady. Steors, $7 sie, - 99.13 oe Ly Friday's eamahip. Carnation Milk Prod. Centennial Mill... Federal ‘Telegraph. of $7,200,000, with a capital of| Fisher Flouring Mills 00,000. General tern Mie $1.20 1s Lie 11.06 11.80 domeatic markets atre ne er Crop news was favorable. continued § firm | Twenty industrials 95.41 off .12; elite te hn Low % thas LM % L164 % 18% > “ % % * 11.00 11.00 Cash Wheat May 18—Cash whea High Firat 3% ...101.02 if d. October: Std: high, 9s $4; low, 98 84d; os 844. Chicago Car Lots Friday's Quotations Furnished by Logan & Bryan S10 Second Ave., Seattle ih Lew Corn was under considerable pres were ngeat d a com- there A r grains as| demand. n but Chicago Board of Trade leas Vriday's Quotations Close rat) Lis LM $0% 10 Denver Live Stock Friday's Quotations 3.300; rket, cows and | Houston ail.. atockets and toqers, S6GT75; calves, $4,509 1.50. Hoga—Receipts, 930; market, steady {0 lower. ‘Top, $7.35; bulk, §7@ 7.30; pigs, $6@5.50. keep—Recoipts, 2,600; market, steady. Wooled lambs, $15@16; ewes, $749.50; clipped lamba, have opened a new hat| $13@14. rere Portland Produce Friday's Quotations a & Bryan Loge 19 Second Ave, Seattle 100.31 Liverpool Grain Friday's Quotat Wheat—May: Open, ed 59.09, , fancy, 230. BANK CLEARINGS Oper $6,530,956.95 | | low, N. Y. Sugar and Coffee Quotations Raw, $4.12; refined, firm; 7 Hilo, 11% @i2e; No. 4 5c. San Francisco Produce Friday's Quotations Batter—Pxtras, 4fc; prime firsts, 45. Eggs—Extras, t0c; ‘extra pullets, 26%¢; 320. a 1,957,600.34 + eee 6,233,267.78 «evee 1,351,036.37 | Tacoma transactions... 2,983,000.00 | ‘ational Bank of Com Reaboard National. Seattle Title Trust. Petroleum com... Grain & Milling com ‘ac & Foundry, sult. Seattle Stocks Farnished by H. M. Herrin & Co, 117 Cherry Bt., Seattle Bia 2 22 see 90.00 |. pid. 102.00 vee 100,00 95.50 67,00 97.60 Awe 175.00 170.00 115.00 145,00 62.00 48.00 2.00 93.00 102.00 : | Piere Marquette... N. Y, Stoc k Market Friday's Quotations Allie Chalmers Amer, Agr. Chemieat Amer, Brake Shoe eet Sugar | Baldwin | Balt. & ¢ Bethlehem Hutte Co; Canadi | Ctifeago Northwe | Chile Copper Chine Copper [Coca Cols | Cadde of he m Zine aphophone vane Sugar ° pd uban Amer, Hagar mp. Tad, & He: Goodrich Rubber a jo pid Gt. Nor, Ore, etfs Bisel [Granby Consolida Green Cananea... Mudson Motors. Hupp Motors... . Inspiration Tad. Agr. Chemie Intl Paper Intl. Nickel Kely Springtieid Kenecott 5 Keystone Tire... . Lee Tire & Rubber. . Lehigh Valley. Loew Theaters Lima Locomotive Mack Truck. Maxwell Motors A aon “ May Dept. stor Middle Htates ( ar Mexican Beaboa: K & T Missouri Pacific ptd Montgomery Ward... Northern North American... Owen Bottling.. doB. Pennsyivania Poople’s Gu Pierce O11 Pittebure & W. Vi Pulman Pal. Car Rock Island..... Royal Dutch N. ¥ Ray Consolidated Reynolds Tobacoc B Heare-Roebuck Binciatr Consolidated Southern Pacific. Southern Railway Studebaker Corp. Standard Oil of Cal... Beneca Copper, ‘Tennesses Copper Texas Company...... Tobacco Products A Transcontinental Ott. ‘Texas Coal & Oil Timken ings Union Pacific... U, #. Food Product u. &, Utah Copper. United Drug. Vanadium Steel Btocks— Russlan 648, Russian 5%, Russian 6) French 6a, 143 French 4s, 1917 French bx, 1920 Britist be, 1927 Britinh by, 949 Britinh View dai... British Ret. 4m, « 1921 1926 191 1 Relgium Tremium German W. |, bs Kerlin 4a Hamburg 4 Japan 0 \ Japanese accond & Lead Loulavilte & Nashvilie Pan Amer, Petroleum Belgium Postor, 5a, Foreign Securities Furnished by Logan eB #10 Becond Ave, Benito Bia Al 9 Japanese first 43ga,. Foreign Money Status Friday's Quotations Furnished by Logan & Bryan 810 Second Ave., fenttle ots ots Normal value Prosent value $4,866 ..... Sterling ... + $462M% $1.00...) Canadian 98% 19.30 French franc. 6.6615 ota 19.20 Boigian franc. 6,741 19.30 3382 ‘0 26.80 Wi) 26,80 cts. 6.23 26.80 cts...Daniah krone, 18.66 16,00 cts, . Greek drachma 1,88 aked | ome THE So an touriates report that forcing ohibit enacted law to 4 money from being taken out Germar nm amounts over $25 for any one } 1 The: law provides that clery may report on entering the country the amount pt Americ: oney they have with them ik they are exempt fri SEATTLE Ak mT tH YOU COULDN'T TAKE THAT MUCH OUT OF ME PEOPLE HERE returning off 14n porte and border tly Ameria tray STAR New Fry of n limitation when leaving the country, and may depart with American dollars up to the amount declared, leas a reason able sum calculated for living ex pe This law also provides “fe that if the party recording || The above is a photograph of the American money remains in Get: || new Frye Warehouse building, now many longer than six months, he || hearing completion at 1029 te 1007 ia subject to a 4ax Sixth ave. 8. Just north of Connec Local Markets sa ts of concrete construction, | VEGETABLES om story in height, with cement | Paid Whe | My 1.25 |floors, roof skylight, and covered | 14)railroad trackage in the It S'ih [bas @ total warehouse area of ap foneu, ace see [proximately 70,000 aquare feet, al, per sack 2000200) OF this space, 20,000 feet have val, per ib ” aken for « Beattle eh y ref AEE been taken for # Seattle branct the Dornbecker Furniture Co, of} Portland, the leasing of which was| mper. dos. bunches | Tomators--Mex., lug, repack | Turnipe—Cal, dor bunches .... | nas—Ler tb. , | Coronmuts—Per dos. Dates—Dromedary Itpke, box Fige—-Dried Cal. 70 4-08. phan. Grape Fruit—Fierids, box . Money Co Tangerines—tiandard box « NOTS Prices Paid Wholesale feck Lote Almends—1. x nate Va, Feeans—Per To, Mixed Nute—Per 2, Walnuts—Cal. No. i, por Jumbo budded, per Mm. Fancy budded, per To. DAIRY PRODUCTS | ee Milk-—Cwt., £.0.b. Beattie supply. ¥, O. D. condensery ..... DAIRY PRODUCTS Prices to Hetail Dealers Butier—Local ertamery, cubea. Local prints, wrapped. | Bgge--Freeh ran | Mixed colors | Pui iock fwies . Wash. tripie os Tiilamook triplets, old POULTRY AND MEATS Brollers—Legborns, Rocks and Reds, Live, ta! per B®. A Hens—4\y Tbe. and up Medium, live, 2% to 4% fe. Live, ight, 2 to 3% Me. ..... Fancy ary picked 8 cents above ive, Geose--Live, fat, § to 10 The. Beiginn Hares—4 te. and w; Turkeys—Fancy 4. p. §-15 Ihe. Live, fat, per Tb. ..... Roosters—Oid, live, per MB. Cholee, light . Heavy, fancy Veal— Fancy, light . Medium, light . Med., heavy, 150-21 Hogs—Fancy, block Veal—Fancy, light Heavy, coarse . Medium, dressed . LIVE STOCK Quotations at Stockyards Cattio— Primo ateers Medium Prime cows Calves... Bulls. Prime. Smooth heavy Rough heavy. Pigs.... Bheep— Prime lambs ... Cull lamba... Yearlings .... ethers, Nght . BW cree eee eeeee FLOUR AND SUGAR Wholesale Prices 40's, bbL. Beet, per cwt.. GRAIN AND FEED City Delivery, Wholesale, Por ™ Barley——Whole feed, 100's Bprouting, 10 Wheat—Recton All-Grain Chop—' Chick Foed—100" Chick Mash—100 Growing Feed—100' Growing Mash—100's, 0B, MC Ege Mash—100', no B, M. Herutch Feed—100's Wheat—Mixed Feed, witi Bone—G: ted Ghareenl“Hardwasd . SING CUCKOO! There are 26 clock factories inthe Black Forest, Germany, the lst, $0@7.00 |dealers in railway and loggers’ sup- | : 2.78) 2000488 9901.00 Prices Vaid by Wholesale Dealers to Shippers Grand. father clocks are still popular, but wooden cuckoo clocks seem to head |thout at Charles Fr Jing Co, It It is being erected by recently announced by Henry C. °| Approximately 7,000 feet have te | been leased by the J. A. Fortler Co, plies. The balance of the space in under | onsideration by other firms, and| it ts expected that the entire build. Jing will be under lease before com- 2.76 | pletion. +|Convention Will Discuss Farm Land} Word was received Friday by Sam- uel Collyer that the convention of the| National Association of Real Estate| Boards, to be held at Cleveland, June 78| 27 to 30, plana to examine the farm-| land situation nationally tn the light of changing farm conditions and thelr indication for future develop- mont. Proposal of a national jand policy for the utilization of lands in every state, according to sound economic principles will be outlined by Dr. Richard T. Ely, director of the Bu reau of Economic Research of tho University of Wisconsin. Big Wool Sales Made at 45 Cents HEPP: R, Ore, May 19.—Salea of wool aggregating 2,400,000 pounds at a total approximate price of $1,- 066,000 are reported here today, The sale renents «ix clips, which were sold individually, and not in a pool, to buyers representing the #3/ American Woolen company. The clip $o/0f Gentry & Cohen, 6,900 fleeces, | Drought the high price of 45 cents. Prices for other clips ranged as low ae 42% cents for sand wool. The jAverage,for the lot was approximate. | ly 44 conts a pound, .|Maximum Oat Crop Probably Reached Maximum production of oats has Probably been reached, according to the l. 8. department of agriculture. Tho growing use of the automobile and farm tractor, it is explained, will probably result in neutralizing the normal growth in the ‘use of oats ax food for men and animals, The department looks for a reduc- tion in the oat crop during the next decade. Ship News Tides in Seattle SATURDA SUNDAY 2:02 a. m., 6.6 ft First High Tide 6:38 a om. 94 ft Second Low Tide 1:49 pe m., —-0.6 ft. Second High Tide H0T p.m 11.8 fe Weather Bureau Report TATOORH ISLAND, 18-8 A, M. —Barometer slightly rising; wind south, wiz miles; cloudy, eh 6 Arrivals and Departures ARRIVED — May 18—Str Burydamus 2) from London, at 9:20 a mi ate A Tk Kent from Baltimore via porta, at 7:30 a. m.; str Dorothy Alexander from Ban Diego via Ban Pedro and San Francisco, at 6:20 a. m. May 17—Str Point Judith from Ban Pedro via Han Francisco and Tacoma, at 2:40 p. m.; atr Andrea F. Luckenbach from New York via ports, at 2:40 p. m.; ate HT. Harper from Rich- mond, at 4 p.m. SAILED—May 1 Port: Han Luis, a Harper for Richmond, at ; ate | Point Judith for Alaska via Everett, at 4am. May 17—Str Commercial Trader for New York via ports, at 6 p.m. Rainier for Ban Francisco via Eyer 4:15 p, m.; str Banta Clara for Ne i ‘ork vin porta, at 8p. m.; atr Admiral Farra- gut for Onkiand via Ban Francisco, at Midnight, eee Alaska Vessels Kotohikan—May 17— itr Queen, southbound, at 4:30 a, m.; #tr Alameda, southbound, at 10:80 p. m. see Vessels in Port at Seattle Hmith Cove Terminal—Pler A—Str Koh- nan Maru, ater President Jefferson, Great Northern Termi Aitr Toyooka e Wareho yo of the Frye Pack-| | ed apartments, SATURDAY use Is Nearing Completion MAY 19, 1923. \Can Labor Operate Banks and Mills? Worker and Employer Give Opinions “The Experiment Is a Necessary One,” Says Labor; “The Experi- ment Will Do Everybody Good,” Says Capital to disappear completely? to be established. ping business. erate a hat factory. facture soft drinks. York City: WHAT CAPITAL thing for our economic future. the other fellow's business. Labor can learn It best by experience. fore each will understand the otter. Capital bas no cause for alarm in dency of labor to enter Labor ought to have a try at tho shipping SOME WILL SUCCEED AND OTHERS WILL FAIL fall. good. SEEING THE OTHER FELLOW'S SIDE WILL HELP and capital. A better understanding much good. mal competition, mality. things back to the right level. tho he might in time; laborer digging ditches can come In chine. NEW LEASE ON ANSONIA West & Wheeler report a number of leases within the last week, of which the leasing of the Ansonia Apts., 1628 Bellevue ave., is the most important, This building is of three story brick construction, containing 18 2-room and six 3-room unfurnish- The lease is for a period of three years to J. L. Town- send at a total consideration of ap- proximately $23,400, John Perry Jones is the owner of this building. They call attention to the contin- ued activity in building and leasing of apartment houses and especially in the leasing of the older buildings which haye been built for some time. It was predicted. by many that with the continual Increasing number of new structures being constructed, that the owners of buildings erected five years ago or longer would suf- fer from vacancles and lack of op- portunity to negotiate favorable leases; but this prediction has not Maru. Union Ol! Docks—Str La Trea, Bell Street Terminal—U, 8. L. A. Heather, Plor 14—Str Wakena. Pler 11-B—Str Owego. Pier 7-—Motorahip Anvil, powership Boxer, Plor 2—Str Victoria, str Valdez, atr La- touche. 0 | Pler tr A. F, Luckenbach, U. 8 8, Eagle No, 67. Pier A—Str Admiral Nicholson, Pier B—Str Admiral Bebri ote Admiral Rodman. Pler D-—Str Dorothy Alexander, U, & Shipping Board Moorin, na WB, Morge, Connectiout Coolcha, ™ tr An- treet Torminal—Motorahip r Dolrowa, ate A. L. Kent, Albers Brow’ Milling Dock—Str Tyn- dareus, Atay Streot Tormhinal—U, 8, ©. 8. Dell- wood. Milwaukee Ocean ‘Terminal—Gchr 0, 8. Holmes. Goneral Petroloum--Str Admiral Evans, + Todd Drydocke—8tr West Ison, ate Wont Nilue, Puget Sound Bridge & Dredging Co.— Btr Patterson, Ames Terminal Co—Str Sagadanoe, dktn Makawell, Hoffernan'’n Drydock-Rark Gratin, Marine w Rall he 6 ® Coquitiam City, whalers i barge Rosamond, barge Villard, Ni iH proved correct, as tho activity in leasing continues and at attractive rentals, Kellogg Purchases Puyallup Creamery PUYALLUP, May 19.—Hugh B. Kellogg has purchased the creamery of the Puyallup Ice Cream Manufac- turing Co., according to an an- nouncement made Friday, Kellogg js a well-known Puyallup business man, CHINESE SPORTS Besides kidnaping foreigners and holding them for ransom, the Chinese go In for tennis and hunting, Nan- King, Chinklang and Wuhu cach has a nine-hole golf course, mostly used by English and Americans, Tonnis, learned by the natives in the mis. sions, is «@ favorite sport. In the Yangtzo valloy there Is good hunting, but it would be better nearer home it there ‘wero ever a “closed season.” Saleh Jb i oy Trade unions are going into capitalistic enterprises over the country. The field of co-operative industry is being entered. Eighty-one different trades are represented in the unions that have bought half a mil- lion dollars’ worth of stock in New York's new Federation bank. Trade unionists now op- erate banks in New York, Indiana, Ohio, Alabama, California, Minnesota, Illinois, District of Columbia, Missouri, Montana, Arizona, Pennsylvania and Washington. Many others are * BY IRVING T. BUSH President, Chamber of Commerce of New York State Ventures of labor into the field of capital are a good Anything is good that gives one group a viewpoint of much to learn about each other's business, and they Labor needs a headache and capital a backache be- banking and banks and factories, going into manufacturing and Some are going to succeed and some will undoubtedly Labor will find that capital's game {s not #0 easy as It looks. Especially banking, where sanity and care and caution are necessary, where difficulties multiply and pressure often is heart-breaking. My father had an axiom: People make money In thelr own business, and lose it in the other fellow’s business, Labor may lose some money trying to compete with capital, but it will bo healthy experience and training. Ultimately the baptism will probably do everybody some A new and an intimate viewpoint of the other fel- low's trials and problems and methods and manner of thinking will destroy the envy and bitterness and jeal- ousy that cause so much of the trouble between labor If labor is prepared to stand a few hard knocks the experiments will be worth something. they will have to take into account 1s that 80 per cent or so of all new enterprises fall at first, and when they go Into capital's field they will have to take their chances with the law of averages—not to speak of nor- The war vapor is still round us, fogging viewpoints. It may be 15 or 20 years before we reach perfect nor- Not that we haven't got prosperity now; we have, but prices are unequal, wages are out of gear, and we need time, and the rest that it brings, to work Labor may contribute valuably toward this readjust- ment by ita experiments in the other fellow’s field. Or- dinarily the average machinist, for example, can't step right In and run a bank, any more tha a banker can step right In and operate a machine skillfully, even or, any more than a day Experience, however, is @ marvelous ‘stabilizer, BY EDWARD THIERRY THINKS and capital have zation. the growing ten- industry. game of running CO-OPERATIVE The Star, thru N. E. A. NEW YORK, May 19.—The sharp line of division that always has been a boundary, and often a bulwark, between capital and labor is vanishing st. Is it eventually going Labor banks are springing up all The Marine Engineers’ Beneficial association No. 33 has offered $300,000 cash to the government for three Shipping Board vessels with the intention of going into the ship- The United Hatters of North America have announced that they will op- The Brewery Workers’ union plans a co-operative plant to manu- What labor thinks and what capital thinks about this growing trend are matters, un- doubtedly, of widely diverse views. two leaders in the different fields as a gauge. n Bush, financier, builder of railroad and shipping terminals and skyscrapers, and president of the Chamber of Commerce of New York state, and of William F. Kehoe, secretary of the Central Trades and Labor council, which includes the A. F. of L. unions of New WHAT LABOR THINKS BY WILLIAM F. KEHOE Secretary, Central Trades and Labor Council, Service, sought the opinion of Below are printed the views of Irving T. New York Labor {s entering into banking and into other fields of Industrial enterprise because we are compelled to do 80 by those who are opposed to union labor organi- We are competing with capital not because we have an exaggerated idea of our abilities that we can run finance and industry better than capital can, but be- cause we think we can do well enough to destroy the monopoly that practically makes it impossible for even the fair-minded business man to deal fairly with labor. MOVEMENTS ARE IN EXPERIMENTAL STAGE Most of our co-operative movements are in the ex- Derimental stage. But we feel certain that they will develop with rapid success, and make us more inde- pendent in dealing with the two schools of capital, those falr and those unfair toward us. A dozen or more banks are already belng run by labor, and two dozen more are soon to be established. The most notable success is the Engineers’ bank in Cleveland. All the unions of the American Federation of Labor in New York are interested in the Federation bank, which opens today. clearing house for all the labor banks of the country We hope to make it the which must have a New York connection. Two reasons impelled labor to enter the banking field. The first is that the investigation of the apen shop will do both sides One of the things TO MAKE TRO! and run the ma- ture jointly. HEAR ABOUT NORTHWEST “I am going to spend my vaca- tion out there” ts what many St. Louls people are saying about the Pacific Northwest, according to a letter received Saturday morning by R. G. Emerson, secretary of the Kiwanis club, from Harry J. Krusz, secretary of the St. Louis club. The letter referred to the lecture on “The Lure of the Great Northwest,” giv. en by Frank Branch Riley, of Port: land, at the St. Louis Kiwanis club, and said that the interest it created was remarkable. “We were given a whole month's vacation in one hour,” said Krusz, “and {t wag the unanimous opinion of the whole membership that it was the best meeting we ever had.” Vancouver to Build Jetties for Wheat VANCOUVER, B. C, May 19.— The Vancouver harbor board has de- cided to construct a series of con- creto jettles, each accommodating two boats, for loading grain at the elevators. A steel carrier will run over the top of the jetties to take the wheat from the elevator, thus doing away with the necessity of large and expensive docks, BANDITS' LEISURE HOURS Golf, tennis and other sporting goods are in demand in China, Nan. king, Chinklang and Wuhu, on the Yangtase, cach has a nine-hole golf course, Tennis is played pretty much all over the country, Even bandits seem to relax sometimes, The Shantung silk crop is a fail. ure, private advices relate. Bad weather and diseased silk-worms are blamed, Well, they can always fall back on the bandit business, Kid: naping ts a safe, conservative entor: prise—in China, anyhow, showed that some banks were financing the opposition, using our own money to fight us. We feel it Is better to run our own banks. The second reason is that labor wants a bank that is run for service and not for profit, that will share its surplus with its depositors. To {illustrate our poten- tial strength, we have 750,000 union men in New York alone upon whom we can depend for capital and de- posits in the Federation bank. NO CAPITAL-LABOR DISPUTES UBLE Labor also is entering industry for co-operative fac- tory management, and one union plans to buy govern- ment vessels and enter the shipping business. We feel that we can run these businesses economically, and we will be especially strengthened in this by the fact that we will have no capital-labor disputes to make trouble. In all these enterprises we feel that we have the co-operation of the farmers. Thirty per cent of the farmers in America last year lost their land thru the lack of domestic consumption that can be traced to the fact that labor was not paid sufficlently and work was not steady enough to enable labor to consume what the farmers produced. The next step in this alliance undoubtedly will be co-operative societies established by lahor and agricul- LIONS HOLD CONVENTION Representatives of the Lions clubs of the Pacific Northwest will gather in Seattle Monday, for the annual district convention, at which they will discuss matters of interest in mnection with the coming interna- tlonal convention of Lions, which meets in Atlantic City, June 27 to 29. Other matters that will como before the convention will be the election of a district governor and other district officers for the North- west for the ensuing year. Lioyd Bates, of Portland, has been dis- trict governor for the past year. Clubs at Tacoma, Portland, Salem, Ore, Seattle, Spokane, Wenatchee, Behe Everett, Bellingham and vancouver, B. C., will be represent. ed at the Seattle convention, Tho business sessions will convene at 10 o'clock Monday morning, The visit- ing delegates will be guests of the Seattle Lions, at the regular week- ly luncheon in the Masonic qlub, Ar- cade building, Monday noon, An afternoon session of the convention mi ve held, followed by an auto ride thruout the city for the Monday afternoon, nut At 6:30 a dinner will be given by the Seattle club to the visiting Lions, In the Masonic club, and a social session for the Lions and thoir ladies will close the sessions Monday night. Building to Get Four New Stories Four stories are shortly to be added to the business building at 1418 Fourth ave. now occupied by the Detmer Woolen Mills, the North. West Photo Supply Co, and others, The addition will cost in the neigh. horhood of $75,000, The building is owned by the Crowley estate, McRae Bros, gen: ral contractors, will construct tho eae prea the; Cr: s F485 225 eer ger eege 4>