The Seattle Star Newspaper, June 8, 1923, Page 19

8, 1928 ISSUE BOOKLET ON NORTHWEST New Directory Tells You Where You Can. Go ere you « ly} t know exactly where nt is frequent crave to take some trip around these parts, ut all about i you ean find w “Where ued by the 414 Univer in the n Just One hundred and sixty-eight pages | of a booklet that will slip in your } toll about the vacation spots af the Pacific Northwest from | the Rockies to Alaska, It is profus ly tlustrated and, more imp ts well indexed so that one may quickly just the kind of tnformat desired Where to go for the where to go for a week-end, go for a few auto these are all told, It tells you take trips from Seatt to er. And it tells you how trips from Tacoma to Mt } ket all j | | nd | n| summer, | where ride Mt to Ta to Ra take coma The booklet is a gold mine of In formation on the countless natural glories of the gurnien spot of the world, It will be a great ald to the countless tourists who are alread beginning to visit us; and for us, who should know all about it, But don't, | it will provide a course of instruc- tion that would be both profitable and interesting, : PORT OFFICERS — TAKE TRIP EAST. Seek Substantial Share of Export Business Intent on oberon a pirat, | part of the export business that is/ being brought to tht Pacific coast | by the leading exporters and im-| porters of the Eastern states, a party of representatives of the Se attle port commission will leave} June 15 for a trip of several weeks, | during whic htime they will vis! all the large citles of the Atlantic} seaboard. Trade with the Orient has been | stimulated to a great extent re- cently and the port officials Intend to bring a good share of the busi- ness to Seattle, they stated. “There is no reason why Seattle should not enjoy a good share of the export trade with Oriental ports,'* said George B. Lamping, president of the port commission, Friday. Included in the party will be W. 8. Cahill, traffic manager, and C. F. Gorman of the port sales division. Lamping will probably ac- company them on a part of the trip. Financial Flashes From James Macfarlane & Co, S11 Second Ave. nea ne J Tweaty industrials 97,24, up .95; 20 rails 82,71, up .30. Stockholders of Postum Cereal have approved capital stock increase from 200,000 to 400,000 shares no par value. Railroad men predict a shortage of cars on Pacific Coast this summer. I. C. C. authorizes payment of $: 638,463 to Burlington, closing out ac- count under six months’ guarantee and bringing total paid this road to $12,288,463. Aggregate net railway oper- ating incomes Class 1 railroads during April was $83,197,800, at an annual rato of return of 6.50 per cent on tentative valuation, according to reports filed with the interstate commerce commis- sion. Atchison has placed an order for| 30 locomotives with Baldwin, accord- ing to advices from Chicago. Stewart Warner sales for May, 1923, show an increase of 20 per cent over May last year, An issue of treasury certificates will be authorized June 15, Secretary Mellon said today; amount will not exceed $200,000,000, Tampico oil production (Mexico) week ended June 2, 2,963,000 barrels versus 3,015,000 in preceding week. Car loadings cross 1,000,000 mark; total in week of May 26 was 1,014,029. Federated American Engincering societies head finds eight-hour day aids steel mills. New York Central placed orders for 150,000 tons of rails with follow- | companies: 675,000 Bethlehem Steel, 57,000 Illinois Steel, 13,350 Carnegie Steel, 13,050 Inland Steel. Southern Pacific ordered 13,000 tons steel rails from Tennessee Coal | &-Iron Co. Business Changes (Under “Business Changes,” The Star publishes, without hu ard. | from | Tone charge, changes of location by established business houses. It will appreciate information of such changes, addressed to the Business Editor). oe Struthers & Barry, Inc, large steamship operators, have opened Se- attle offices at 1925-1926, 42-story L. C, Smith building. soe A. M. MacDonald, formerly of Pat- terson-MacDonald Shipbuilding com- pany, has established offices in the 42-story L. C. Smith building. one A. W, Shaw company have opened a Seattle office in the 42story L, C. Smith building. ) TPT, WH aE, TRADE TERMS REST “Rest” is the term used cipally in English financial for what we commonly call “sur. plus.’ The accumulated and un- prin. circles divided profits of the Bank of Eng land are called ity “rest,” WALI NEW YORK, Ji e new G. hange =. at STREET JOURN ne S.—Having give Nan Teparations ni today were equally kelihood that Frar Wall Street felt that the terma « enhewed discussion and the active er developments in the directi cossions took place among the market ase Whole showed no pening prices included ff 4; General Motors, 18; Atet UP %; Studebaker, 112 ft nda, 45%, off ta; New York ¢ Lt. off) Texas Company Amertcan 1. 69% Rea American Locomotiv INAGTION HITS GRAIN MARKET CHICAGO, June 7.—Lack of d ‘a dull market cau grain prices to decline at the ol | of the Chic board of trade today Wheat maintained Its weak unde tone were inactive, Advic Yorthwest declared crops d condition. Export dull 4 with nas, eapecially in thwest, where ported disposing of feeding demand has practically ices Were gen op news Was gen loum, Pan Ce r sn Wa and were from th Atsappc sections ared. Cash pr erally lower, Ci erally favorable Oats lacked features: Buying foreign some covering bh visions to retain its punts and ped pro strong under- | Chicago Board of Trade HLM sto 110% 109% Lia Lilt 52% ” 67% 1.00% Dec periny Corn— July. Beptsses, “Oats July Sept. an 20M 40% LAT 1 a uM 10% Tare ee mp. 11.37 ete) 21.37 11.60 un ant ne | Sept Nominal ae2 . 9.40 a) Chicago Car Lots ‘Thursday's Quotations Purnished by Logan & Hryan Seattle wheat, 4 Rye Darley “ ee Liverpool Grain Tharsday’s Quotations Wheat Open High lew na July. Se Td Seted Seth ta Oct...... o9 6% de 4 sand tend fe N. Y. Sugar and Coffee Tharsd: lay’s Quotations Ss « Raw, $8.03. Refined, ranulate 7 G lated, $9.7509.90. Coffee: No. 7 Rio on spot 11h @ 4% @1be. San Beinclecn Produce Thereday’s Quotations Butter—Extras, (8c; primo firsts, extra fire pallets, 280; unde: sized pullets, Cuecse—Caliierala Mate, fancy, 24c. oe Foreign Exchange ‘Thursday's Quotations NEW YORK, June 7. olen ex- opened lowes Sterling, 5-16 franca, $0.0646; lire, marks, 76,920 to the dollar. LS a exchange closed irregular. demand, $4 france, "lire, $0.0487% 5 marks, 78,- 20 to the dollar. cue Portland Produce Thursday's Quotations Rutter—40\» @tic. Eqas—21@ i6c Cheeae—29 Tic. Mens—13 @ 240. . Deiivet’ se Stock Thursday's Quotations Cattle—Receipts, $00; market at ors, weak (879975! cows and nelters. G8; stockers and feeders, iresiven, 42 50@ 11. moge-fherisen 2,900; market, 88 higher. fos 46.65; bulk, $6.35 6.60; pigs, $5 Sheep — Reco! 200: market, Hey et 25¢ thar Spring eee $13.7) 14.7) owes, 0 6.50; clipped lam i, $12.25 @ 13.25. Foreign Money Status Thursday's Quotations Furnished by Logan & Bryan 810 Becond Ave., Seattle Normal value ‘resent value 4 an se Sterling . stk 62% 1.60 * adian . on, 9.20 = ich ff 64s vie mi 19.30 ¢ Belgian franc ota. 19.30 Swiss franc. . 18 04 ct 19.20 Italian lira.. 4.67% cta. 23.82 . German mark .00012% ct 26.80 .. Swedish krona. 26.65 cts, 26.50 cts..Norway krone 16.70 cts. 26.80 ¢ orway krone. 16.70 cts, 16.00 reek drachma 2.60 cts, wivce | BANK CLEARINGS Seattle $5,116,116.51 864,318.69 | Clearings Balances oe Portland 5,569,328.08 667,044.77: | | | | | =| Clearin, Balance see | Tacoma | Total transaction 938,000.00 | Seattle Stock Market Furnished by 1. M. Herrin & Co, 117 Cherry St. Bank Stocks— American Savings Bank Rank of California. . Canadian Bank of Dexter Horton National. Bid Asked my 75.00 $ 85.00 210,00 211.00 + 199.00 200.00 + 220.00 226,00 + 900.00 210.00 115.00 122.60 + 220,00 240.00 + 215.00 320.00 + 170,00 180.00 + 165,00 + 275.00 « 110.00 140.00 45.00 42,50 1.50 $9.00 101.00 100.00 Marine Metropolitan... tional Bank of National City.. Heavoard National ttle National Beattie Tithe Trust Union National, Industrial Stocks. Albers, com do pid.. Aero Alarm, com. ‘Alaska Steamship. fon Milk Prod, pia pf “ Goodyenr ‘ire de Rubber (Cal,) pds... Honolulu Plan Hawallan Bu Chas. H. TAlly, New World Lite Northern Life Oahu Buwar Owl Drug, ptd..+ Pao, Alaska ? Pacific Car & Foundry, Paciflo Conmt Biscult; ., trie, pfd Pioneer Puget 84. Power, 6% pi Reid Bros , do pfd Sperry Flour, com do pid... superior Portia Todd Bhipyards Zellerbach, com A N IAL REVIEW nm little n of op the dealin erity at pe o impos t fore judgment Indu | leaders because of the dora kin tem, but pri m the prev » would re Tih ted await important changes fr ‘0 4; Royal Duteh Haltimore & Oh joan Sugar, 73% California Petr N. Y. Stock Market Thursday's Quotations | furnished by Logan & ryan SLO Second Aye., Beattle liigh Low Close hy LT 18 1M i 4 40% 1% uu A 404 & ary » Ol ontinued | tehison do pid Locomotive timore & ¢ chem Steel 1 Rapid ‘franait Butte @ Superior mia Packing Motors peake & Onlo hi, Great Western do pfa aM. de do pia hi, Northwestern chile Copper Shino Copper allaban Zino & Lead Fuel & iron ‘olumbia ¢ 4 an 10% 133 lidated Textile Products Cuba Cane Sugar do pid {Cuban Amer, Sugar | Division Chemical "| Dome Mines Del. Li. & Westera.. Endicott Johnson an nous Players % | Fed. Smelting, pid. Fisk Ti = Fisher Body. Goldwyn... .t... General Electric... |General Motors... |Goodrich Rubber, Great. Northern, pfd. Gulf Bates Steel Granby Consolidated, General Aspbait [Houston O11, Hudson Motors, 176% ith un Intl Harvester... 11% Inti. Paper. Intl, Nickel... Invinelbie Oil. Island Oil. Inter, RT. |Jowell Tea. .-... |. C, Southern Kelly Springfield Kennecott Keystone Tire Lehigh Valley Lowlaville & Marine, pfd.. Mack Truck ‘ Maxwell Motors A Middle States 0) Mexican Seaboard Oil do etfs Midvale Shell & Ord Missour! Pacific ational Ena! . ¥. Alr Brake... ‘orthern Pacific orth American Otis Bteel.... Orpheum Cireult... Pan Amer, Petroleum do B. mise Pierce Arrow. Produce: Reading « | Repubilc Iron & Steel Rock Island. Heplogle Stool...» Reynolda Tobacco Ib. Seaboard Air Line Searn-Roebuck.. Sinclar Consolidated |Southern Pacific |Southern Ratlway do pfd- Stewart ¥ | Stromberg Atudet Standard Oil of Cal. Texan Company. Timken Bearings. Liberty Bonds ‘Thursday's Quotations Furnished by Logan & Brean 810 Second Ave., Seattle Serien— High” Low First 34s 100.27 100.23 First 4m. : : Second 40 First 44a. Second -A%a Third 448 .... Fourth 44s .. New 44m... Refiners Close 81k 98.10 9824 814 904 il 98.6 ’ 9814 Foreign Securities Thursday's Quotations Furnished by Logan & Bryan B10 Becond Ave., Seattle Asked Bid Russian 6%; 1921.. 10 1 Russian 6448, 1926. . 1 2 Russian 6448, 1019 + 10 1 French 5a, 1981, 4m 40% 0 1917 41 2 60 a9 Ht 994 160 : 87 98 Hl BAY 5% 81 934 $34 | 114 y 104 42 firician bee British 5x, 19 British Viet. 4a. British Ref. 4s. Belgium Restor, ba, Belglum Premium Japanese 4m, 1991 7 Japanese First 44ga,.... Japanese Second 44a... United Kingdom, 1428. United Kingdom, 1937 Italian Cons, ba,. Seattle Printers Entertain Guest W. Finlay of Boston was of honor ‘Thursday night Albert the guest printers of Seattle. president of man by Finlay maste ia former operates one of the larger¢ oomuné clal printing establishments tm the country, He js visiting Seattle on @ vacation trip to Aluka J, H. Tteld, president of the Seat at a dinner given at the Hotel Gow: | the |— United ‘Typothetae of Ameaca and - |tonstmaster, NEW MARKET SECT ION OP i N n Saturday the ers occur iM celebrate locations for 4 with a dow market with the ket, which Be Farmers within a radius of 7 will in & * opening Local Markets V TABI Prices Pald Wholesale Dealers (The p given are those retall dealers by wholesalers, Wi neasonal except joes to pr booths def municipal mar was ¢ r a year miles Beatt participate atu and ap ling. tranapor Ing cost.) Artichokes. rags Cal Cal, per dow. per cogs ae ses ue ibe 20.00@35 “oe | Mhubarb- oe Rutabagas- | Spinach —t crate Dos | Cantaloupes Cherries—Bing, Tartarian Royal Anne.. Standard 1b Dates-Dromedary, 24-pke Vige—Dried Cal, 70 4-08 Gooseberries—er tb Grape Fruit—Wlorida, & | Cat, Honey —« | Lemons —P Oranges— | Pinew | Stew omb, per cane r box r box Per case ries —Local Wash, ines—Standard box Mised Nute—Par’ ib Walnute—Cal., No. Jumbo budded, per Fancy budded, pe DAIRY PRODU crs Prices Paid to Shippers Butterfat— pe srade, aattle delivery 2.89 . 200 DAIRY PRODUCTS Prices to Metall Dealert | Butter—Local creamery, cubes. Local prin pped Eaus—Frosh ranch, white shell. Mixed col: ‘ Bulle Or. triplets Wisconsin cream brick Block Swiss Wash. triplets ‘ Tillamook triplets, old 380. POULTRY AND MEATS Prices Vaid by Wholesale Dealers to Shippers | Brotiers—Leghorns, per 1b. | Mocks and Reds, th. Ave, fat, per Tb. . Fancy, 4. p. . Hens—4% Ts, and up ... | Medium, live, 2% to 4 Ths | Live, light, 3 to 0% te Fancy dry picked 2 cents above iv Geese~-Live, fat, 9 to 12 the Belgian Hares—4 tbe and up Turkeys—Fancy d. p., 8-16 The Live, fat, per tb. , < Roosters—Oid, ly Hoge— Choice light Heavy, fancy . Veal— Fancy, light. Medium, light . Fancy, heavy, 160-200 tha 10@ . Medium, heavy, 180-200 Ibe... 01g. POULTRY AND MEATS | Prices Pald Wholesale Dealers _ | Ducks—Dressed, per Tb. : + en Dressed, heavy ne oe | 109 3 Live, Mahty Mt 988, per tb. |. per tb. 3, dresned fancy, th. jan Hlares—Live, per tb. d, per Ty —Country, dre Hogs—Fancy, block . |Veal—Fancy, light .. Heavy, coarse Medium, dremed .......0.. LIVE STOCK Quotations at Stockyards Cattle— | Prime steers | Medium to good .... Prime cows and heifers Calves . 1 60! 40@ - 06@ (10 12@.12% 16@ 17 09@ .12 A1@ 13 Sue Soose F354 Smooth heavy Pigs ... ; Sheep— Prime Jamba ..., Common to medium Yoarlings .. % Wothers Ewes 6 S66 Sses5 FLOUR AND SU GAR Wholesale Prices Family patents Jane, per owt. Boot, per ewt. «++ HAY, GRAIN Timothy-—First grade Timothy Hay—D, ¢ x Alfalfa Hay—Piret Frade Straw Corn—Whole, yellow, 120's ..14 Cracked and food moal, 100's . Barley—Whole feed, 100'n led and ground, 80" feed Rolled and gr Wheat—Rocleaned feed, 126'" . All-Grain Chop—40'4 Flow Sugar- 7.60@ 7.80 10,60 10.40 AD cD 00 19,00 22,00 17.00 19,00 49,00 51,00 41,00 49,00 47,00 49,00 + 60,00 65.00 Chick B. 67.00 Growing Feed: Growing Mash—100" |Kege Maah—100'n |Herateh Feed—100' ... Cocoanut Menl—100's Cottonseed Menl—100 Linseed Ol Menl—100'% Soy Kean Menl—100's Alfalfa Meal—100's [Bone Meal—100'n . | Bone—Granulated, 10's j—Hardwood, b0's jenl—100'H ime atone, 100° Went | Wheat n ovate Mixed IF of the U, and speechen wore |mude by Minlay and by A. 1B, Howe lof ‘Tacoma, executive committeeman of the Mypothetae for the district including Washington, tle division ss3ss 11.00@ 12,00 | 49.00 | How the . Pot ato Is Peeled getting som 6 had, und they bh producer been a high * Banking in Business Life: Roger W. 3abson Prait Adve ertising Clubs ATLANTIC OITY, Ju W, Bab jest of the be of the ‘ensed the main body 1 Woednend: and much Inter of advertis a ‘or in ft the me n the w tion ht and as a fac conditions. ted A was i for of & When the As i of the there vertining formed, says Bub n of the adveris average morality was lar 4 manufacturers, and bogus stock Advertising w raid. ambler’s game, The old say was a uyater vigilance and ion. “The « ng world wa. business in use “Advertising to patent medic theatrical tre promoters. ered a ly verything is fair in war and} ‘Every and adver- read, . love The 1 was to form and bring abc It for the work ong thin COMPETITIVE ADVERTISING IS DIRECT LOSS TO NATION “There are, however, other things hich important and | perhaps more {mpor | po are bonasidered. |looks ahead to future of adver: tHetng he Jopm ading advertisers are cach more thought to the question of competitive advertising. | By competitive advertising I mean jadvertiing which does not ben |the country as a whole. The nothing dishonest in both the | ard Oil company and the Texas com- | pany erecting large signboarda at the | mame point on a country road. More- over, Iam not critcizing elther com- pany for doing this, If one company does It, the other company to do it. I, how- | ever, am sure that these signs do not |increaxe the sale or use of gasoline, and'in no way benefit the country 3 a whole. “The cost of such competitive advertising is ultimately borne by the consumers, From an eco- nomic point of view such adver- tising ly a direct loss to the na tion as a whole. The people of a country are best off when they get tho largest amount of goods for tho least amount of labor, Shi N ws Tides in Seattle FRIDAY SATURDAY JUNE 8 JUNE 9 First High Tide First High Tide m., 11.2 ft. [12:54 a. m., 11.0 ft. Low Tide First Lew Second High Tide | Second High Tide 1:28 p.m, 7.9 ft. 12:40 pom. 08 tt. Second Low Tide | Secapd Low Tide 6:2 tp m, 4.9 tt. TP. m, 66 ft, Weather Bureau Report TATOOSH ISLAND, June 7. A. Mom Barometer rising; cloudy; wil pouth~ . 24 miles an hour, Passed in, two- maant freighter, at 4:30 a. m.; two. freighter, yellow black top 7:40 a, mn.; UL B. ,at Sam ker Arrivals and Departures ARRIVED—J une 7—Str Admiral Dewey from Tacoma vin erett, Bellingham, jaus from Manila via port at 11:15 m.; atr Cordova from Boutheastern | Ainaka, at 6:25 p. m; str Reinier from Tacoma, at 12:60 p, m.; str Lady Kin p.m; str Ban Diego from an 'Pedro vial San Franctsco, at 9:30 p. m,; atr Margaret Dollar from New York via ports, at 2:15 m SAILED—June 7-—Str Admiral Watson for Southwestern via Southeastern Alas- ka, at 9 a. m.; atr Jacob Luckenbach for | Tacoma, at & a. ; str) Manulant for | Honolulu, at 3 a. mj «tr Oduna for Southeastern Alaska via main 3. at 7:40 a, m.;, str Prosidont | Manila via ports, at 11 a. m. Queen for Southeastern Alask a. mi str Re Pp. m.; str Minnesotan ports; at 148 i. 99, : Alaska Vessels Bitka—June 7—Salled, — atr southbowmd, at 1 a. m. ee | Vessels in Port at Seattle | Smith Cove Terminal—Pler 41—Str Kaga Maru, str President Grant, sehr Spo- Keane, Pier 40—8tr Tyndareus, str Oduna Union Olt Dock Bell Street Term: homish, Grand Trunk Pacific Terminal—Str Ad- | miral Watson, Pier 1d—8tr Proteatiaus, Pler 11-R—Str Owexo. Pler &—Btr Rainier, Pler 6—Htr Ban Diego. Pler 2—Str Alaska, str Redondo, str La- touche, Bier 1—U. 8 8. Engle No. 67. Pier B—Str Admiral Nicholson, Pler D—Str Admiral Rodman. U, 8. Shipping Board Mooringa—Str Anna KE. Moree, Connectiout Street Terminal—Str Mar+ garot Dollar Ansoctated O11 Dock—Str Cordova, Milwaukoo Ocoan Torminal—Str Jamon 1, | Duke, | Spokane Street Torminal—Str Neponnet, Wast Waterway Dock & Warehouse Co,— Btr Gyokoh Maru, ‘Todd Drydockw—Str Went Ison, ate Went Nilun, str Silverado, | Puget Sound Bridge & Dredging Co.—#tr Pattorson Harbor Island Dock & War or's)=8tr Admiral Dewey. nan'e Drydock-=Bark Gratta, Atmeon's Mill—Parga Honry Villard, Noy Stroot Dock—Thrge Bertram, Winslow Marine Ratlway—Hohr Metron, Jommodore, Kehr Betay Coquitlam: City, whalers Star ft the organt- mmit t honest adver- doxeryes the greatest it has don nt tank n ure equa . for Boston via Quoen, Str Lady Kindersley. 8, ©, G, Sno- hone (ish= uy 00, Hy DS sees three additional fields | tand- | it is perhaps necessary” for | ing Therefore, eliminate, n we all should strive to no far as possible, un sary labor and to use our labor for the actual production and distribution of goods, Instead ting competitive gn-board ters should ding | king men; stead of power for competitive advertising, it should be used for productive industrial pur instead of wasting newsprint tilive advertising, the same space should be used for constructive in, ADVERTISING SHOULD BE CONSTRUCTIVE “Every sensible man the value of, constructive advertising. Statistics show clearly that most goods can be sold more cheaply and effectively thru advertising than in any other form. Advertising, when properly used, ts considerably cheap- jer than selling thru salesmen and jclerks, Not only is the coat per sale less, but when selling thru the news- | papers or the mails the maker knov t what he promises. wever, who de ere carpe uses for w electric in A comp ] The firm, ig upon a crew es not always know what th nen promise, There © many other economic advanta d thru the intelligent use constructive advertising. Finally, jto call advertising, The history he advertising agent will | be similar to the history of the bank- er. Banking, as you khow, started with the pawnshop, The loaning of of salesmen ¢ aale ral of ‘ultima j@nd carried on under cover by ques- |tionable people, Usury was not only banned by the church, but by legis- lation. It was only comparatively a few years ago, considering history as a whole, when banking was recog- nized as a legitimate business. BANKS HELP TO STABILIZE BUSINESS “During the past 100 years banking | has gone thru various stages, and | the present generation has been en- | gaged in constructive banking. The Jcountry 18 now learning that the jbanker has a great opportunity in| steadying business conditions, there- by eliminating reckless booms and preventing needless panics, "tt has been learned that by in- creasing the bank rate, during periods of over-expansion, a panic can be prevented. Then by lowering the rate during periods of depression, prosperity can be brought back. It has been learned that the bank rate that the governor bears to an engine. | Hence, the banks have been rpcently united in the federal reserve tystamn which can- control the discount rate with the sole object of eliminating reckless booms and preventing need- less panics, ‘ THE THREE FACTORS OF BUSINESS “If, however, you will talk with jany bank man, thoroly informed in economics, he will tell you that the goal cannot be reached except with the help of the advertising men of the country and the transportation systems, “The three greatest factors ef- fecting business are money rates, advertising rates, and trans. portation rates, Given control of these three factors one can go a long way in eliminating the hills and valleys of business, "The federal reserve board is doing |ns well as it can with only one of | these tools, but at present it is like @ carpenter with only a hammer, and without a saw or chisel, The inter. ; | State commerce commission; which |controls the rates of transportation, have the saw; but the advertising men have the chisel, Some day your ‘Associated Advertising Clubs of the World’ will take up the question of using advertising rates as a tool in jconnection with the steadying of business conditions, ADVERTISING NEEDED S$ STABILIZER “When business is recklessly ex- panding, advertising rates should be materially increased; so that when business -is depressed advertising rates may be correspondingly re duced, One of the best barometers of business is the size of our dally papers. I do not want to reduce the size of our papers over a period of years. Rather, I nt to see them continue to increase In size. I, how- ever, do object to a big paper one yenr and a small paper the next year, Business conditions will become steady and gradually increase only when the amount of advertising be. comes steady and gradually increases, Violent fluctuations in advertising are not merely the result of fluctua. tion in business; but are largely the caus “A congern stops because ifs business has fallen off, but the fact of its stopping advertising makes business still worse than it otherwise would be, “To speak statistically, advertising begins to fall off because business begins to decline, but business de. clines to the depth much worse than it otherwise would because advertis. is decreased, The changing of advertising rates and railroad rates in accordance with the Babsonchart would not only greatly benefit bust ness as a whole, but would benefit those whe have advertising space to sell and those who have trangporta, tion to soll, “Business in every advertising way will be recognizes | | Money in its early stages was looked | |Upon as a most illegitimate business bears the same relation to business | :| Advertising Important as our own ch s Work Done By our rail | i | |money for | furnishings. | mists have joined the movement, feel- j shall have what I like |t? time to extending the membership SEES INFLUX OF TOURISTS National Advertising Gets Results, Says Schoenfeld | tle by Herbert tandard Furnitu rned Thursd from roia choenfeld was | te at the conven. f the Retail Fur the Pacific Coast the biggest influx tory of the city feld. “The rtlsing that All-Year-Round Angeles and the Califor- | Incorporated, of San Francisco, bringing swarms of tourists into fornia, The advertis by ber of commerce and will pull them all up| It Is beginning to get warm in lifornia, and the & for our cooler climate “There is evident a be among the Coast cities. Th begun to realize that what benefits all, and there has been better cooperation this year than | ever before, The present tourist situ is proof of the fact; and the} spirit seems to be that, no matter which city gets the tourist first, it| is to everybody's benefit—including the tourist’s~-to nee that he com- pietes the tour of the Coast,” Schoenfeld said that the most inter- esting topic at the convention was| the “Better Homes” movement, which | is sponsored by Herbert Hoover and | is being taken up by many organiza- tions. It developed from an invest! tion of statistics that showed the} American people to be spending more | automobiles, movies, Ip-| sticks and cosmetics and other simi- lar classes, than they were for home| Educators and econo- brought hoent jouthern Call d of t ashington ¢ in in San ure Deal “Seattle will see of tourists in the this summer extenalve has been 4 club of Los nian, are Sa x done re {ll noon be leav feeling benefits ing that the American home is being sacrificed to outside attractions. Met Merchants to Extend Activities At the Thuraday meeting of the Metropolitan Merchants’ association, @ special committee was appointed reorganize the agsociation. It was recommended that the associa- tion be incorporated ahd a secre: tary be employed to devote full and the influence of the organiza- tion. J. R. Brewster was appointed chairman of the committce on mem- berships and budget; W. H. Gillam, chairman on the selection of a per- manent secretary and tie outlining of duties and Albert Berry on in- corporation. Takes First Trip . : on American Ship With 14 trips to the Crient to his credit, Charles H, Klemper, a prom- inent rug dealer of New York, sail- ed on his first Oriental voyage to |be taken on an American ship when the Admiral-Oriental liner Presi- dent Grant left Seattle Thursday. Kemper expressed surprise at his discovery of the fine accommoda- tions United States ships provide, and stated that he would hereafter travel on them exclusively. Patent Is Granted On New Oil Burner A United States patent. on an oil-burner which he recently per- fected has been granted to Joseph Gilmore, a Seattle real estate dealer, Gilmore's device was designed for economical construction and to over- come the clogging up of the burn- ers which he says is the chief trouble with many other such de- vices. His burner has a settling chamber for sediment and the parts = be easily taken out for clean. ing. Building Permits UNDER $1,000 Gardner J. Gwinn, 7663 Bothel way, gar- ge, $200. W. B. McCormick, 1802 36th, garage, $50, Charles Nordell, 625-29 N. 72nd, garage, Wright, $200, 1224 W. 77th, house, $25. Baik Harry A, Hoffmer, 4142 (5th 8, W., gar- age, $40. J. F. Brennen, 100 B. 62nd, garage, $50. Fred Anderson, 5657 Brooklyn ave., alter- ation to flat, $500. L. T, Buhtz, 4106 Stone way, $150, James Van Osterhout, 8618 Island driv warage, $50. J. M. Miller, 8701 41st 8, W,, residence, $250, Karl Hillberg, 4125 43rd 8, addition to residence, $300, chicken rag alteration to 4634 Lucile at, gar- A. frame h, frame 4 frame rest- Salvation Army, 915 Virginia, addition to residence, $300, Gust Olson, 7643 First N. E., 7053 Dibble, concrete Arshon, 927-29 23rd, gal . D. Black Ine, 1041 RR. aye, Ss, al- temporary partition, $300, Wm. 0, MeKay Co., 609 Westlake N., ad- alteration to residence, $700, B,, framo residence 44x26, $3,500. Tony Scalao, 1501 Ratnter ave, 48x24, $6,000, ui M. Kullen, 1805 Third N,, frame resi- dence 60x26, $8,800. Geo, A, Powers, 918 W, Ray, frame resl- frame resl- dence 44x22, $2,800, ’ advertising, May we histen the day Carl Patricelli, age, $75. dormitory, $500, Mrs., Irene’ Scott, 1949 Fifth W., raise Arrow Coal Co., 901 Fairview N., office bide. 0, arage, $50, James A. Watson, Wall, $50, 27-2 $150, R. Scott, 314 N. Bist, alteration to residence, $400. teration to factory, $25, Restaurant Equipment Co. 2826 First, Watlace Campbell, 7866 27th 8, W,, res- taurant, $60, dition to garage, $200, A. Mo Shambaugh, 2138 Hallock 8. W., OVER 81,000 C. Lowry, 4341 Bighth N, Thos, Revello, 6246 20th N. B., frame resl- once 47x29, $9,000. realdence 40x26, $2,600, M, 'T, Perry, 786 11th N., frame realdence A, Hondrlknon, 957 W, once 38x26, $2,500. °. dorice 60x26, $3,800. ©. M. Kullen, 1808 Third N., frame resl- 0. M, Kullen, 1805 Third N. orice 60x26, $8,800. donco 44x23, $2,800, Goo. A, Powors, $18. W, Ray, helped by what T-call this ‘ultimate’ when it will be used. . oo General business, as reflected in the Babsonchart, continues in satisfactory volume, running this week at 2 per cent above normal, PAGE 19 irplane Views SOFT COAL ol TP T GROWS of for the first 118 1923 was slightly pondin perloé t i ears of 1917, 1918 and and nearly one-third ahead of period of years of depres 1919, 1921 and 1922. Output is April was 42,564,000 net tons, a de vease of 9 per cent compared with March. MAY OUTPUT OF | AUTOMOBILES Despite the gradual curtailment ip scale of operations during the closing days of May, motor car production fer the month is estimated to have net a new high record at 385,000 Veer hicles, The June out-turn, however, is expected to fall en below the April mark of 264,000—The Finan clal Review LABOR 18 FALLING BEHIND In the last decade labor increased less rapidly than the native popula- tion, From 1910 to 1920 the popula tion of the United States showed any increase of 15 per cent while the Ia boring class increased only 4 per | cent. There is a constant tendency 5 for men to work into occupations ” other than common labor, If industrial production is to grow © at a normal rate, the ees ground for optimism les in the ‘hope that inventions and mechanical improve= ments will offset restriction of pro duction —Alexander Hamilton Insti) tute, 3 THE GROWTH OF | ADVERTISING Advertising, the motive power tm modern business, is being more more applied to national and 4 world understanding, ares Herbert 8. Houston in World for June. He say: “Sixteen years before America discovered, William Caxton, lately turned to London from the contin displayed the first advertisement im” English. It was a modest ment of his own business a9 a seller and printer. From that beginning has grown a force finances governments in wartime that raises funds for hospitals churches in times of peace e- |New Wiring Method Makes Huge Savin NEW YORK, June 8—R workers of the National El Light association reported at — convention here today that new yelopments in methods for. houses for electricity would s $2,500,000 in the wiring of homes in the United States reach of power lines, but not The new system eliminates one of two wires in each circuit by the of a “neutral” and greatly simpli the wiring task. 7 The association estimates that 000,000 will be saved in the 3 wiring 8,000,000 homes yet reached by electric wires and al lessen materially the cost of new 4 siallations in stores, offices ether buildings used for comm purposes, Woolen Mills Have the extreme dullness in the | market, wool dealers continue confident that prices will hold during the balance of the year, Nevertheless, dealers who b tempted to sell to New mills, are usually told that m not buying this month and g0 fact, are curtailing production. Prices are lower in the West contracting proceeds cat is eign wool markets are 5 per lower. Public Market SANITARY Stall 109, 8 Ths. best cane au Stalls 24-26-37, 4 bars Fels Nap 25e; Del Monte catsup, 19¢ pt.; Wes oll, 250 pt., 470 qt.; bulk Hills coffee, 7 bars Polar White soap, 25c. Stall 4 tall cans milk, 350; 2 Tbs. soda crack 260; 2 Ibs. ginger snaps, 25c. Teagarden strawberry and raspt serves, 33c Tb.; jams, 20c; Jellies, Stalls 6-8, 6-1. pail Yakima honey, Bluehill cheese, 2 pkes, 25c. Stalls &1- skinned sole, 150, 2 Mba. 26c; Finnan | die, 250 Tb. clam nectar, 160, 2 dot 250; salmon trout, Séc. Stall RelSsI new beets, Ge bunch; asparagus, 25¢ tomatoes, 4c b.; sweet peas, 260 strawberries, 25c box; cucumbers, 15¢ 200 each, ¥ CORNER Stall 2, boiling bee& 10¢; And sausage, 100; pot roast, be; fancy beef steak, 16¢; bacon, 360; fares: Denis. 28 8 Pike leat lard, 12%0; j Dacon, 1c; pot roast, 8c; beef 6 Tha. 250; liver, bc, Stalls 16-22, churned butter, 47c, 3 Ths. $1.4 rei creamery butter, 450 1b.; large oem, 2 doz, 650; mild cheese, 27¢; Swiss el Sc. Stall#)8-25, apricots, 24¢ canj b figs, 18, 2. Ibs, 25¢; Italian prunes, and 2 Iba, 250; white figs, 180, 2 Ths. Stalls 102-110, full cream ‘cheese, 2 bars white soap, Sic; 49-ID. sack G Medal flour, $2.09; 4 tall cans milk, Umit four, ham PIKE PLACE Stall 62, 8 Iba, best cane sugar, { 81, fresh country butt e, 260; 5-1, pall Guatemala h 790; corn, peas, tomatoes, 2 cans 2 olives, 200 pt. Stall 12, 10-1. sack’ 40c; 3 Ibs. best coffee, $1; 7 bars R nite soap, 2c; 26c can red , 3 2-oz. cans 25¢. Adc tb.; Thousand Greasing, b0e {. Stall 99, auger 6 can; milk, 4 big eans $80; pears, aot r jc, Stall 86, salmon ti et. fresh shad, 10c; fresh herring, 2 Ibs, 3 ECONOMY: Stall 96, § fds. best Stall 40, 4c0 Supreme delicious Orange 00. th.; 6 100 rol raisins, 28¢; 8 ok buckwheat, cocoa, 260} Towa tucky Wonder string Neant Hawatian pineapple, 260; wantalo for 20; now potators, 4 Iba, 28ch 8 Lomatocy, 2 Iba, 26c, Stall 53, naise, 400 homo Pee fai spread, 40¢ Ib ripe olives, 100 can; chicken’ Tab 4 WESTLAKE Sugar stall, Gold Bond flours sack, 41:86; Conennial Be ‘tat Wait por Bi $4.86 mA tonal 100 TK Ha gor and wheat 100 Toa 8.305: corn, 10 Ibs, $2.96, Stale Teas 100; Sanifish, 280; Swan our, S8o: ple; beets, large can 366 ines in oll, 1c oan, Stull 208 p 3 Tha. 2he; catmp, large bottle 2605, aplit peas, 260; 2 Ids. pure ae bare Fela’ Naptha soap, 26e tomatoe a tha, corn Stall 109, plonios, 166 tb. itt Bea ham, a0 Yb.; back bone, bo Th. Bt 159, ‘apple butter, 10e sown 206; mild che N00 th; creamery butter, 2 we 56. Hig ea