The Seattle Star Newspaper, May 25, 1923, Page 20

4 WILL MAKE NEW | SAFETY VALVE Seattle to Be Headquarters | for Boiler Device Beattie ts to be the headquarter: the Rowland Safety Valve Manufacturers of a patented valve @esigned to prevent many lives and Millions of dollars lost in explosions, @ccording to an announcement by L. D. Rowland, president of the com-/ pany and inventor of the device, During the experimental stage of the invention, the company’s headquar- ters were in Spokane, the company Moving here in preparation for ex- | tensive manufacture and distribution of the valve. “Owing to transportation costs,” Rowland stated, “the valve will be Manufactured at other distributing Genters, Seattle, however, tn addi- tion to being the company’s head- ‘Quarters, will have our manufactur- Mig unit for Western distribution.” | The device, which ts known as the “Rowland Blow-off Safety Valve,” ts @N internal shut-off valve, which| Automatically closes the outlet from! > the boiler tn the caso of any rupture ‘to the blow-off pipe or its fittings, It 4s of the seatless sleeve valve type, team tight within the sleeve and/| Made of bronze or rustless steel Tt ts so contrived that if the blow- | Off pipe or fittings aro ruptured or the outside vaive opened, the safety Valve automatically closes, thereby Preventing an explosion, or draining | Co., E Of the boiler, which would otherwise | in. Rowland states that this safety de- | Dice has already been ordered tn- stalled in many of the public schools 48 Seattle, Tacoma and Bellingham, | 88 well as tn many Industrial plants, | Bnd as it has been indorsed by en-| ) Sineers over the country, he belleves Mt wilt be put into general use as "Members of the Northwest Prod- “Mets committes of the Chamber of 4 ree were entertained at lunch reday at the plant of Kimball ‘Bros, 3647 Renton ave. The guests | Were’ explained the company’s meth- ) eds of baking and canning beans, one #@f the more recent industries added ¥ the assortment of Northwest prod- ‘Mets manufactured here. | _ “So far as the support of home In- fasts {3 concerned,” said Fred slmball, president of the company, find that the women are more Sensistent and enthusiastic than the Kir ll explained the new process in their plant, by which the b are cooked ten consecutive hours, producing what ts more nearly ‘@ home-made dish than the usual oC goamend 93.90, up .32; 20 1, UD 25, Exports of raw cotton in April less m half volume year ago. A of California Petroleum had b effect on oll shares in and buying was probably in- ced by continued talk that com- y will retire the preferred and put ew common on a higher divi- basis. . ral Electric declared regular terly $2 dividend on common, regular quarterly dividend of 15 14, record June 6. e of 430,409 ounces of ail- er remains purchaseable, Southern Pacific April net oper- revenue increased $990,586. J.P. Morgan & Co. head a synd!- which will offer $25,000,000 of 130,000,000 Austrian reconstruc- New WALL STREET JOURNAL FINANCIAL pW YORK, May onfide covery in Thursday's last bh wh by the ratio of the 76.6 had been especially sharp, gy the rails were steady at the boat Opning prices included: Baldw Railway, $3, up 4: Republic, ¥ herican Sugar, Dupont, , Amer 4 United States Steel, ; New Yor off M4; Crucible, 66%, GRAIN PRICES MAKE ADVANCE CHICAGO, May 24.—Grain pric advanced on the Chicago board trade today ‘ Wheat trading thruout the was nervous and trregu’ 3 after an early dip on ge of local buying, | ¢ ued mi the Southwest r frequent cloarin, ~ rotting «round fn Indiana, Mlinols, I parts of the Ohio valley ‘in red bette: firmer footing Oats followed other grains. There Was a conspicuous lack of support After a midday rally, provisions weakened with the withdrawal of support and weaker cables. cee bias Board of Trade May... tn Sept Cor by Logs: B19 Second Ave, Recta. Seattle Cont. Beta. Lt Yr. 1s 3 ii ; ated, 29.500; last y 12,130, Cattle, 16, obo N. Y. S and Coffee Seger—Dull. Ra UTA refined, Gull; granulated, $9.6 90 io. 7 Rio spot, 1140 Ib; No 4 Bantos, 144 @1ke Ib. at ae San Francisco Produce Butter—Extras, é7o 1b; prime firsts, 4ée Id. Eggr—Extras, 2240 dos: extra firsts, 30% dow; extra pullets, 2440 dos; undersized pullets, 220 dos. Flats, fancy, 220 Ib, eed ts Foreign Exchange NEW YORK, May 24.-—Fo rhs mand ting. ; Ure, 90.0482; 820 mark .0.0018%6 ct 26.68 cts Greek drachmi 66 Foreign Securities Thursday's Quotations by Logan & tiryan $10 Second Ave., Seattle jon loan about the first week of| R ord made new production with 6,658 cars and trucks. exceed output. n Motor Car announces prices be reduced this week, cuts made ible by decreased overhead. Rotice issued on behalf of the In- | (;% tional committee of bankers on ixico to holders of bonds, notes and securities included in the agree- with La Huerta, Mexican min-| Japan: Aster of finance, indicates that a call fbr deposits of the securities will be ‘Made within a very short time. ccording to interests in close +h with situation, the directors of hern Pacific will make no e in the present 1% per cent parterly dividend rate at next mect- | 4 Foreign Trade ‘The Foreign Trade bureau of the ittle Chamber of Commerce has eived the following inquiries in foreign trade field, information ing which may be obtained ‘the bureau: ((1,167)—List of merchants in ce, Porto Rico, desirous of mak- Beattle connection, 168)—Firm in Hawalian Islands nts salted salmon and box shooks, (1,169)—Rio de Janeiro firm wants Beattie connection to purchase dried, #alt and canned fish, also other Pa- Ific Northwest products. 170)—-Japanese manufacturer i connection for sale of silk _ ,171}—Stenographer, experienced sign trade, seeks position, 72)—Department store in Mon- wants names wholesale dealers fapanese silk underwear. n Fi ~ 0,173)—Firm in Paris doing {m- port and export business wants Seat- _connection. (1,175)—San Francisco brokers nt names rellable mills for export of lumber. i record | Pre Belgium Restor. 6: Belgium Premium rman W. L. 66. Berlin 4s Lpep opts J Seen YP lapaneso 4a... ist 4 cee BANK CLEARINGS Seattle Clearings woh Balances . 25,441.63 ee 1,136,461.35 Portland ++ 4446,821.00 $11,908.00 Clearings Balances , Total transactions.. 2,608,000.00 | eee Seattle Stocks Furnished by H. M. Herrin & Co, 137 Cherry Bt., Seattle Bank Stocks— Bia American Sayings Bank..$ 75.00 § Hank of Californt 206.00 Canadian Bank ase 85.00 Metropolitan... National Bank of Com, Natfonal City.... Beaboarg National. Beat! tional. . Beatle Title Trust. Union National, . Industrial fitocks— pta Aero Alarm com... Alanka Steamship . Carnation Milk Prod. pfd. Centennial Mill 1 re 116.00 145,00 ssersseeens 10 ‘Kiaske Navigation, Pacific Car & Foundry, Pacific Coast Hiscult... Pactfic Gan & Biectrio 1 de td } | TRADE TERMS BOTTOMRY BOND bottomry bond 1» contract in for the securing of a veusel to lander as a pledge for repayment! 8 loan, +} in 48 hours. REVIEW f the violent character of re hened by the tmproveme 1 a8 & Whole, Which @ 5b44; New n Telephone & kk Central, 97% Haven. «UD Mes Telexraph, 18240; Union Pacific, 1 NN: Ys Stock Market Thureday’s Quotations Puraished by Logan & Bryne 810 Second Aye, Beattle Chemleal Mas Cottop OF |Colorade Boutherm... 35 Columbia Gas 103% | Consolidated ( 2% | Consolidated Ge a Continental ah Corn Prodocts 129% Coaden ay Crucible Steel oy Cuba Cane Huger pfd 62 Cuban Amer, Sugar % Dupont Division t | Del. & Hudson DeReers Lek. fe Weat Slates Steel ¥ Consolidated 1 Asphalt Hudson Motors. . Hupp Motors... Inspiration... Inthty Marvester. Jewell Ten. K. . Southern... iy Springtieia.. REvscctes Tire. Lehigh Valley. . Louleville & Neahy do B.... May Dept. Stor Miami Copper... Middle # on Manhattan Shirtt Mexican Heaboard do cette ps Midvale Shell & Ord. Missurt Pacific. do pfa .... . Montgomery Ward. National Biscuit... National Enamel rt Otis Steal. Owen Bottling en Pacifi Studebaker Cor} Standard Ol! of oe Liberty Bonds Thursday's Quotations PFarnished by Logan B10 Second Ave., Seattle Series— ee. Low Firat 3%s.....101.01 100.30 First 4s. . . Second 4s. Auto Production Twice Last Year’s WASHINGTON, May 26. Tensus bureau reports from about 9 motor car and 80 truck manufacturers show American production of 2,440,- 364 cars and 241,919 trucks in ten months to May 1, as compared with 1,330,143 cars and 133,338 trucks manufactured in ten months to May 1, 1922, *°|Miners Agree to Work Longer Day Three thousand miners of this York- shire district have agreed to work eight hours Instead of seven, *| Beware of 3:30 P.M., *|/Say Traffic Officers NEW YORK, May 25.—Police and hospital records show that 3:30 p. m. is the danger time for atrect accl- dents, Straw in Eardrum Kills Small Child OTTUMWA, Iowa, May 25,—-A straw plerced the eardrum of Teddy Burns, lockjaw developed and ho died CHICAGO, May 25. in mn West Side park found $3,150 hidden under the base of a monu- ment, THE SEATTLE STAR DO YOU KNOW? MEFTY-THREE per cent of the population of the state of ington ts located adjacent to Beattle within the Puget Sound district Move than half of the com. merce handled thru Pacific Coast ports with Asla, moves thru Pu- get Sound Number of carloads of freight recelved In one year at Seattle was 139,691 cars, or a train 1,189 tiles long—a distance which || would take a passenger train two and one-half days to pass. MILLS REPORT LARGE OUTPUT Above Normal dred and thirty-one mills to West Coast Lumber men's association for the week end ing May 19, manufactured 108,77 feet of lumber; sold 97,972,546 fect and shipped 99,070,607 feet. Production for reporting milla was 18 per cent above normal. New busi neas wan 6 per cent below produc tion, Shipments were 1 per cent above new business Thirty-nine per cent of all new business taken during the week was for future water delivery, ‘This amounted to 37,925,579 feet, of which | ‘3 feet was for domestic cargo and 11,78 0 feet export No Slump in Auto Industry Says Mott DETROIT, May 25.—When asked whether auto industry had reached or was approaching Important down- ward turn, C 8. Mott, vice president of General Motors, said: “I am sur prised to hear comments that the in dustry haa begun to slump, some di: |S°Nv "rr ints “tee aeltyery by pall vistons are experiencing spring re-|\°™ Dummens tor Ue censions in alight degree, but taking | Tit oe ene oe the week's lum our corporation as a whole We Are) ye ne nea by water. This Planning on increasing output rather) anounted to 29,625,734 feet, of which than decredsing it.” 20,535,810 feet moved coastwise and lintercoastal, and 9,267,924 feet over peas, Rall shipments totaled 2,143 cars Local Markets VEGETABLES 1 Prices Fuld Wholesale Dealers Artichokes—Cal., per doe Asparagus wal auto and team deliveries to. 1 4,956, foet Unfilled domestic cargo orders to 948 foot. Unfilled export 10,431 feet. Unfilled ratl | — Sal, per Wp dos, bunches « 5. * per sack In tho first 20 wee! production reported West Const o | Lumbermen’s association has been 211,934,190,767 feet; new business, 2 1901 149,346,200 feet, and shipments, 179,610,208 feet ‘| UNION PACIFIC | | BUYING CARS ° ik] OMAHA, May 25.—Forty-two mil- 1 {lton dollars will be spent by tho Union Pacific thin year for new| *lequipment «nd improvements, ac-| ding to C. R. Gray, president of | Union F ific system, in ad-| dition to the regular routine expense for maintenance, The improvements will be financed from new capital jand not from earnings, Gray When the 57 all-stecl passenger leita, covered by the 1933 program, lare received, this will provide all |ateo! equipment for all main lino tithru passenger trains, Seventy @6 | eight freight locomotives and nearly 1.86 | 5,000 freight cars have been ordered itor delivery in time for the next harvest, in addition to 8,630 new rator cars of the Pacific Frult , & company owned Jointly the Union Pacific and Southern » of the year. to fancy araded..? ° Ds # . p : | weet’ Feinionee— | | Loutetans, * s | Radishes—Loce ° | Rhwberd—Loca n.. $3) a crate . 2.18 ya » lum, repeek dos. bunches « FRUITS Prices Paid Wholesale Dealers tra fancy . Hen Davis Wack Twis eoee taloupes—Siandards CherriesPer T. Mananas— Cocoanuts—Per do. “This program {s entered upon,” ay, “with a firm belief in | the prosperity of the Western states oii) | and a confidence that the people in 2.25 |the territory served by the Union Pacific will co-operate tn maintain. | Ing the raliroad at a point of great- | welcome enough, but thi CLEVELAND, England, May 26.—|¥ 1 Boys playing . per TD. Fancy budded, per M. .....++ DAIRY PRODUCTS | Prices Pald to Shippers | Dattertat— | A arade, Seattle dettvery .... | Faxe-—Freeh ranch, white shell Mixed colors . ‘ . . Putlete .....1.-- vie l@ | Mile—Cwt., 9.0. Seattle euppiy. F. O. I. condensary ° DAIRY PRODUCTS Prices to Metall Deasire Butter—Local creamery, cudes 4a |_ Leeal prints, wrapped . . “ Egee—Fresh ranch, whit etl. Mixed color: deee - Puilets ... a P eon 3 ’ 2 210 Or. tripiete...... 4 Wisconsin cream brick Block Swine ‘ Wash. tripiets Ay Tillamook triplets, old .....- 280 POULTRY AND MEATS Prices Paid by Wholesale Dealers to Shippers Brollers—Leghorns, per ts... Tocks and Reds, th. | Capom Fancy, dp ‘ : Mens—4'4 Toa. and up... Medium, live, 3% to 4 Tb Lave, light, 3 to 3% the. Fancy dry pleked 3 cen ive Geose—Live, fat, § to 10 the... i 4 the. and Live, fat, per I above Live, fat, per tb, Roosters—Oid, liv loxs— Chotes, ight i . H 098. POULTRY AND MEATS Prices Paid Wholesale Dealers Ducks—-Dressed, per Ib. .... Hens—Dressed, Di Heavy Medium, drom Quotations at Stockyards Cattlon Prime Medium to good . ows and helfe! Moxe— Prime be Smooth heavy « Rough heavy Pigs Sheep— Prime lamba Cull lamba Yearlings . Weth Ewes , 4g: se eeeeee 100Q FLOUR AND SUGAR Dane, pi t, per owt, a8 1 HAY, GRAIN AND FEED ‘Timothy—Firat grade .......18.00@21,00 ‘Timothy Hay: ’ +19,00@ 22.00 Alfalfa Hay—Iiret grade... .17,00q@10.00 St ‘ ‘ ++ 41,00@13,00 10 Rolled and ground, 80's-100'" ~ y Cracked and feed m Onte—Whole food, 10) Rolled sod around, 01 ' 4 4 0. 6, 100) 6 Mash--100 Heratch Feod10 Wheat—Mixed feed, 60 Cocoanut Meal Co eat effectivencas, Fond Malas New Production Record | DETROIT, Mich, May 24.—-A new| daily production record w entab- | | Mehed at the Ford motor plant here! May 721, when 6,665 carg and trucks) were assembled for donfestic use, it was announced today. Beat previous record waa 6,615, on May 19. | \Ship News Tides in Seattle i| FRIDAY 12 © ft 12:62 @ mm, 12.4 ft) | First Low Tide || 282 tL T4s om, 11 tel] Second High Tide | Second High Tide 13:87 pm, $4 1:66 p.m, 2.1 ft Second Low Tide | Second Tide 627 p.m, 3.9 M1TH0 pom, 41 ft. eee Weather Bureau Report TATOOBH IBLAND, May 24-8 A. M. Arrivals and Departures AMRIVED—May 24—S8tr Muth Al ander from Gan Diego via Sen Pedro and San Francisco, at elque from New York a om. ka, at 4:30 « m.; str Canadian Win from Shanghal via por! {2am M 22—Str Admiral Rodm from Port An- eles, at 11:30 p. m.; atr John C. Kirk- patrick from Ban Pedro, at 2:15 p. m.; ate ‘Yosemite from Ban Francisco, at 6:15 Dp. ™m.; ate Point Adame from San Fran- cleco, $6 p.m; eter Arizona Maru from Vancouver, t 1:16 p. m.; otr Dominion Miller from London via porte, at 10:49 p. m.; str Roxen from Adelaide | via Gan Francisco and Astoria, st 10/ Sir Admiral Brana | a Routheastern Alar im for Bydney for Southeastern | str Arizona Maru for atr Sinaloa for 4:50 p.m, Alaska Vessels Cordova~-May 23—Salled, atr Admiral Watson, southbound, at 2 a. m, Aitka—May 23—Halled, tr Admiral R southbound, at 10 a. m, May 23—Balled, atr Jefferson, Vessels in Port at Seattle ‘erminal—Pler A—Str Preal- im, tr Asimaran Maru, r Toyooka p: Aa Grand Trunk Pacifio Terminal—Str Ad- miral Evans, Pier 14—8tr Canadian Winner, Plor 11-B—atr Owego. Plor &—Mtr Point Adams, atr Yoremite. Pier 2—8tr Latouche, atr Oduna, ate Ala- meda, Pier B—Atr Admiral Bebroe, str Admiral Rodman, Pler D—Mtr Muth Alexander, inion Pacific Teyminal—Ste Missourian, . B. Shipping Board Moorings—Str An- na 1, Morne, Connecticut Street sooloha Atiantio UV. 8 Te ‘Terminal~-Motorahip ate Kureha Maru, Str Wont tson, atr Wert Nilus. Puget Hound Brid Patterson, Amen minal bkin Makawell Nottioton's Mill-—Str John ©, Kirkpatriek, atr Roxen Heffernan's Drydock—Atr Gratia, Htimaon's Mill-Barge Monry Villard, Winslow Marine Rallway—Sehr Hetay K ochre Commodore, bark Relfant, barge Coquitlam City, bkta Phyill | 0 & Dredging Co.—stp Str Dominion Miller, Comyn, ee ee ae ee - FRIDAY, MAY 25, 1928 Money Conditions Point ‘FREIGHT JAM to Rise in it. “Should | ™ Investor buy Jong term bonds now or wait in hope of getting them at lower prices? The question is uppermost in the minds of the in vesting public. A gain bf 2 points in conservative bonds since last BABSON March has been be a great deal of Giscussion as to whether it is the beginning of the long swing upward or whether tt will be offset by another reaction such as that ruling in the bond mar- ket of the first three months of this year, Roger W. the situa Rabson'’s statement on insued today, presenta which deserves careful con- sideration by everyone interested in the future of investment securities. MONEY RATES WILL CONTINUE TO BE EASY “Money rates are easy,” according to Babson, “and will continue at about their present position for some time to come “January saw Commercial Paper at 4% per cent on the average. In February tt rose to 4% per cent March brought {t lightly above 6 percent, In April ft ruled at 6% per cent. Karly May brought it back to 5 per cent. Present indications are that {t will continue at about this same level thruout the summer. Time | loans have been made by the banks on about this same basis, while mort- gage money is available in the East to 6 per cent. From the bond market this easing in money rates indicates a slackening {n the | demand for commercial loana, an in- crease in reserve on the part of our banks and a shrinking up of the in- creased credit necessary to finance the sudden spurt in business at the of thin year, URCHASE ECTS BOND PRICES “Since {t is the habit of our banks to'invert surplus funds in bonds as reserves grow, and to liquidate these bonds when commercial mand increased borrowing on the part of the general business public, it means that the banks of the coun- try have turned from a pollcy of sell- ing their holdings to a policy of buy- ing them back again. While there are no figures available on the effect that bank purchases and sales have 6n the general investment market, it stands to reason that the banks rep- resent the largest elngle customer for bonds in the country and that their porition must have an effect on bond prices, “When the banks were selling they not only removed thelr purchasing power from the bond market, but © seems to} point of view of the| needs de- Bond Prices _ '8 POSSIBLE Lumber Production Is Well Roger W. Babson Sees Opportunity for In-|Railways May Face Prob- vestors This Year lem This Fall | “Sew people realize how great has own hol beon the increase in the treight bust n they reversed this position the! ness handled by the railways recently m of bonds that has been com-j as compared with the corresponding ing into the market from the banks| weeks of previous years,” says the is shut off and they offer purchasing| patiway Age. “It bas been an power not only for new, but also for| nounced repeatedly that the number old insues, As long as they are buy~| of cary loaded with freight has brok- ing and holding their bonds, prices| on ait records, for this time of yeas, cannot very well go below present) tut now completely all previous rec- jlevels, and should evidence & slight] (4, have recently been surpassed is strengthenin, not generally known, PROSPECTS FOR “One almost begins to wonder in | CHANGE ARE SLIGHT | studying the figures if the productive | “Whe examine the outlook s| capacity of the country has any to the possibility of the banks chang-|timit, In January, February, March, |!ng their present position we see but|and April the total number of cars |two factors which might cause such | joaded with freight was 15,094,286, an |@ shift during the balance of the] increase over the previous high rec’. year |ord—that of 1920—of almost 11 per | “If tn reaching the peak of its long| cent. That sounds big enough; but swing bull movement, the stock |it does not make an adequate im- [market develops into a feverish! pression because the freight business |spurt, 1t may be necessary for certain| hay been increasing at an acceler- of our banking interests to Mquidate| ating rate. In the four weeks ended bond holdings in order to provide the | April 28 the total number of cars cash necessary for wtock loans on @| joaded was 8,763,963, or 29 per cent higher price level. This might cause| more than in the corresponding 4 temporary sag in bond prices which | weeks of 1920 would be recovered as the flurry sub- | pie pee sided. If tho advance in the atock| OY rng an ee market does not develop into a spree |*","° - of speculation, but proceeds on an If cars were orderly basis it probably will have a| loads than at | slight effect upon bond prices. past years these f “The other factor to be considered |® significant, but the average ton- {s that of crop moving, which always |?ag0 belng loaded per car is rela- puts a” seasonal strain on our finan. | Uvely large.- The average number of clal machinery beginning about the|tons hauled per loaded car in Janu- first of August and ending the latter |ary was 29 tons. This was larger part of October, Thin seasonal de-| than in any previous January expept mand for additional credit may force |in 1921 and 1918, The average Sead commercial rates up a fraction, prob-| per loaded car in February was 24.6 ably not more than % of 1 per cent.|tons. This was larger than in any This probably will cause a slight re-| previous February. cession in bond prices. It may not,| “The American Railway associa- however, offset an advance that {s|tlon in {ts recent “Traffic Forecast possible between now and that time. | for 1923, estimated that the number |PRICES SHOULD of cars loaded weekly would reach fta | RISE NEXT YEAR peak in the week ended October 20, | “All present indications point to|and would. then |be 1,080,000 cars. }easter money and higher bond prices |The highest record ever reached was jduring 1924. I doubt very much |in the week ended October 14, 1920, | whether it will be ponsible to buy | when it was 1,018,539 cars. good investment bonds next year at| BUSINESS MAY anywhere near their present levels. | TAX FACILITIES |From the long swing point of view| “tf general business activity should jstatiaticn clearly indicate that the | continue to increase there would be |General trend of bond prices will be} a demand in October for the loading upward over the next 15 to 20 years. | ang movement of approximately 12 “From the investors’ point of view | 956 099 cara a week. even thone who |the present bond market offers a reall 5:4’ mogt optimistic regarding the opportunity. Prices may react sligbt~ amount of business the railways can jly on atom ot cect ephaddec. cider handle with their existing facilities the investor who waits and/or pam Pe acres ti can handle tries to pick these exact low points | ‘ha s will save enough to make up for the| “Recent movements of the stock interest he may lose in the mean- | market have indicated that the. in- time. If you are buying securities | Crease in general business activity for a regular income I suggest that | ™Ay not continue fo go on as rapidly you buy sound, long term bonds now, | #8 it has for a few months. Even it and that you continue to buy them |!t does not, the signs indicate that the for the remainder of 1923 as funds|Tallways will bave demands made carrying smaller the same season in ures would not be become available.” General business is holding its own in spite of the slackening of trade in some lines. The index of the Babsonchart shows gen- eral activity at 5 per cent above normal—within 1 point of the high point for this year. New Calls for Bids | The following new calls for bids have been reported by the National Surety Co: * GRADING, BRIDGES AND ROAD WORK County commissioners, Okanogan, 20, concrete five-span bridge dcrom Okanogan river at Omak County commissioners, Kitsap county, bids 10 a. m., June 9, grad ing 6.600 feet permanent highway No. 9A, County commissioners, Yakima, bids May 28, grading and surfacing Summit View, Cowiche road. State highway commission, Port- land, bids 2 p.m, May 28, 7 45-100 miles grading, surfacing Lower Bridge Market road, Deschutes coun- ty; 9 94-100 miles grading and sur- facing Prineville Lakeview highway, Lake county; 14-100 miles concrete paving Roosevelt highway, Tilla- mook county; four miles roadbed | construction, McMinnville, Tillamook highway, Yamhill county; three bridges Clatsop county; grading ap- proaches, ete., Clatsop county; steel bridge over La Grand river at La Grand. State highway commission, Olym- pia, bids 10 a. m,, June 12, grading and surfacing 2 1-100 miles Sun- set highway, King county; pav- ing 00 miles Olympic highway, Thurston county; surfacing with gravel 44-100 miles Olympic highway, :|Grays Harbor county; grading. and surfacing 15 94-100 miles Ocoan Beach highway, Pacific county; sur- | facing 10 $6-100 miles Ocean Beach highway, Pacific county; grading ap- proach Nedika bridge and construc- tion retaining wall National Park highway, Lewis county; grading and surfacing 8 28-100 miles Navy Yard highway, Mason county. PAVING AND SEWERS Metropolitan Park district, Ta- coma, bids May 28, construction 30- inch storm sewer, 747-foot length. City clerk, Issaquah, bids June 4, local {mprovements. LINER BRINGS NOTABLE LIST Four and one-half million dollars worth of silk, 3,500 bags of mail, and @ passenger list of $27, which in. eludes many well-known people, will arrive In Seattle Tuesday on the Ad- miral Oriental liner President Grant. Among the passengers are; BE. E. Brodie, U. 8. minister to Slam; E, 1. Monroe, viee consul {to Harbin, China; Willlam McCarthy, former vice consul to Yokohama; W, P. Vaniaar, merchant of Soerabaya, Java; Mias T, K. Greenlee, educator, and a former resident of Seattle; TL. K, Elmbirst, agriculturist of India; J, Glenby, hairnet manufacturer of Now York; M, B, Nelson, lumberman, of Kansas City; George T, White, at- torney, Detroit; Miss Augusta Trim- ble, of Seattle; Dr. &. KE. J, Stock, educator, of China; Capt. Alex Pea- body, well-known Seattle mariner; J. 8. MeNalr, Chinese exe Importer, of Now York; Maj, William Camp. boll, formerly stationed at Manila, and J, M. Ratray, prominent ship- Ding inan, of Kobe, Japan. City clerk, Cashmere, bids June 11, | storm sewer and connections. | George M. Leyda, clerk, Edmonds, bids 8 p.m, June 6, construction concrete sidewalks. Cc. B. Bagley, board of public works, Seattle, bids 10 a. m., June 1 Second ave, N. W.; Fifth ave, W |W. Soth st. and 44th aye. 8. W crete sidewalks and drainage. BUILDING CONSTRUCTION Joseph Sweeney, Kelso, bids May 29, construction frame residence. W. J. Hays, director, department of business control, Olympla, bids 2 p.m. June 4, construction power house building and other work at Washington School for the Deat at Vancouver; arghitects, Hill Mock & Griffin, 229 Perkins Bldg., Tacoma, MISCELLANEOUS CONSTRUCTION Nan C. Ingle, city clerk, Daven- port, bids 8 p. m., June 27, additions to city water supply system, C. B. Bagley, board of public works, Seattle, bids 10 a. m. June 1, steel wire, armoured lead covered cable and other wire and cable terminals. C. B. Bagley, board of public works, Seattle, bids 10 a. m., June 8, steel towers for transmission line, Skagit river development. C, B, Bagley, board of public works, Seattle, bids 10 a. m., June 1, excava~ tion for North sub-statlon, river development. TACOMA BANK HAS NEW HEAD TACOMA, May 25.—H. N, Tinker, President of tho Puget Sound Na- tional bank, has announced his re- urement as head of that institution. Forbes P, Haskell, jr. a pioneer banker of Tacoma, and confidential agent of’ former Ambassador Hugh C. Wallace, hag become the new president, Haskell is at present receiver of the Tacoma Scandinavian American bank, and ts liquidating its affairs. His selection hay been enthustias- and business men generally, Tho board of directors that wil serve with Mr, Haskell until the an- nual stockholders’ meeting, in Janu. ary, consists of J. A. Eves, Edwin Gregory, F, A. Haines, Edward Mil- ler, Jr, Wy. W. Newschwander, Al. min L, Swanson, W, J. Roberts, Conditions Good, Banker Declares CHICAGO, 25.—Reports of conditions thruout the country are very satisfactory, John J. Mitchell, president of the Mlinois Trust Co,, de- clared on his return from Washing- ton, “There has been healthy expansion In business," ho said, “but nothing of inflation. This is principal reason why it was decided by federal advis- ory council that an increase in re- discount rate at the reserve banks is not warranted at this time,” Skagit} ry, tleally approved by Tacoma bankers | w: upon them next fall which will far exceed thelr capacity. Spreckels Is Real Owner of Orpheum Rudolph Spreckels, the San Fran- cisco capitalist, is the real owner of the Orpheum block, under the sale made some time ago, it _ became known yesterday. . His investment was approximately $750,000. The Orpheum block, at the south- west corner of Third ave, and Madi- son st., was purchased recently by Mission Consolidated Realty Co.’ of San Francisco, Since then the name of Spreckels has appeared on leases as president of the company. The theater in the building has been* leased to the Pacific Theatrical Enter- prise Co. of San Francisco, | Burr Identifies Most Buildings Arthur E. Burr, an employe of Henry Broderick, Inc., was the win- ner of the “Know-Scatth.Week” prize at the Real Estate. associa- tion's luncheon Thursday at the But- ler hotel. The prize, a Seattlemade hat, was awarded to Burr, who made the highest score in identifying the 26 photographs of business blocks, ‘hotels, prominent, residences and districts of the city, which were on display in the banquet rooms of the Butler. Burr made a score of 70 per cent. .” fintsh store, A. Sheldon, 727 33r4, garage, $150. kk & Rasmussen, 1012 Fifth W., gar- Re, $20 Nick Sohollch, 1012 Holgate st, re! ence, $300. Geo. Howard, 112-28 W. 60th, garage, $50 John Btaap, 3109 Oregon st., stable, $500. eam Hall, 2407 5. Boston, garage, August Anderson, 2434 Federal, garage, 100, F.R, Allen, 8226 48th SW, garage, $25. Hf, Merrick, 8018 19th "N. W., ‘real- dence, $600. DR. Northeutt, 7943 10th 8. W., gar age, $75. Mra. J, Sprintels, 6703 25th N. W., gar- age, $60. F. Ro Buckley, 1047 Alkt, garage, $25. Wm, B. Huskamp, 2107% Baatlake, raise raise residence, S, Malay, $129 Ninth §, Wi, move house, 0, HH, Eldridge, $370 Loyal way, ehed, seeiches, at Ae ade a . F LN. 49th, garage, B. Hohoder, 266 Thomas, garage, § Chas, Stull, 4126 40th BW. W. M. Stoveins, lesnes, 9027 TR. Rave, N. Ba gnrage, $200. ace Shell Co., 2469 N, Broadway, retaining wall, $400, i Shell Co. of California, $01 Stewart, bulk- head, $40 ©. ¥ Clise Co. 92) Spring, altera~ Dp, $30, W. 'T. Willard, 2724 44th 8. Wa altera- ton to residence, $75. John F, 100 W. Tath, alteration to realdence, $109. OVER $1,000 Nela Matson, 2867 68th NW, frame rowlderice, $1,000, Awente West & Wheeler, Marion bldg. mason \ Leir Green, 34 Fremont, frame real- 4x22, $1,000, Washington 1,000, ody A2TS Whitman, trace ree? em, 42x24, $2,001 Theo, Omdal 16at_ N. deuco 44a2h, $3.0 Socuritles fifth one Moll