The Seattle Star Newspaper, June 19, 1923, Page 14

.* BUSINESS—Finance, Produce, ISSUES STOCK Revillon Freres Dates Back to the Early Days Ann Issues Speaking only inations, of p datos. now comes the rule, and s uncer are dry except h xe , of Rev part of bout under the in the folder sent Burr, c i interruption ia all phases of It tells about the company, but its st the conserva’ a style t ly_state the f romance of the Between the li BACK TO THE DAYS OF HARDY ADVENTURE Established in 1 same business, rur iy. That, of it Stimulate the im business houses can the past; 1724, wher monarchy, America w Gling settlements stret The Atlantic coast, and Toved the Spanis ton was unborn, and F conceived his conspiracy white man from the co: It operates its own tradin @nd corps of trappers.” CG Canadian streams and coureurs bois, spring from the past Bhot from ambush, barr Ments where traders bart Beaver, and lonely trails bli trackless forests, live once more in the heart of every man who loves his country’s early history. And f 200 years the hardy adventurer the woods begin their eve ing march into the retreating wild of the West and the No Vance ‘of a civilization t ruthlessly on. BUT THIS IS A FINANCIAL STORY Bathos! But it has to be this is a financial story. Re Inc., is a consolidation of the Amer! an operating units of Ravillon Freres. The company is ixsuing $1, 000,000 of 8 per cent cumolatiag Value of $100 per share. Dividends | are payable quarterly beginning Feb “And,” remarks T. S. Knight, the | University of Washington's student p bond salesman, “they are offered at “98% to yield 8 1-10 per cent.” 3, off .13; 20 _ Verdict of $9,000 against the Guar. | “Qnty Trust Co. in a suit of a client) 9 deposited funds for transmission Germany before the war prevented much transfer, may set a precedent cases of losses thru depreciation of New Jersey has decided to its loading terminal in Mexico sell its light ofl production in : Southern ofl fields in Mexico vo 4 Eagle Ofl Co. marks virtu- the complete withdrawal of the ny’s activities in the South fields. | That there is no danger of price “war in the tire industry is the con. c among leading manufacturers have made a thoro canvas with executives in the pas? week, tho will undoubtedly be brought n to the level establishea by the ‘10-cent cut by Firestone, |W. G. Curren, general superin- “tendent of transportation for B. & 0.7, |) said a car shortage will come in Sep- tember. One hundred and fifty million-dol U, 3. loan subscribed twice over Negotiations started by 265,000 ilway and steamship clerks, freight ers and express and station e:m- S call for increase of $400,000 = The Kiwanis club will meet Wednesday noon at the Hotel Gow | man. Talks and reports on the re | eent Kiwanis convention at Atianta fll be given by Stephen I. Mille dr, Edward H. Hatch, Roy W. Cor- bett and T. Harry Gowman. Voc f Bolos by R. A. Tiffany will complete the program. BAILMENT Bailment is the temporary handing pover of money or goods to another & specific purpose. The person "Who hands the goods over is called ‘the “bailor,” and the person who re- ) eflves the goods ts the “bail From a legal standpoint, there are Various kinds of bailment, each put- ting a different degree of responsibil- "ity on the baile. FARMERS 'B are far from being balanced evenly in our system of Homics. The New York Herald figures that a plasterer in New York city for elght hours’ work gets an much money as the farms @r has been averaging for 762 eggs. The inteNigent plasterer with fell you that it's not a matter of him getting too much, put®the farmer not getting enough. ‘Too Many middicmen upset the eco- Bomig balance, . Solution. of. .a Sf great many of our pocketbook | Problems t# in finding a short cut between farmer and consums @r, IAko looking for needio in | haystack. lengthen: | #inking fund preferred stock of a par |‘ GRAIN MARKET. CLOSES LOWER ;* f Cash W heat July |Sept |. Ribs fduly.. Sept.. Portland Grain Monday's Quotations ‘TLAND, € J ° Soft white. $1.0 » $1.07 hard w thorn spring. "Chicago Car Lots Monday's Quotations Furnished by Logen & S10 Becond A: Grain— ike Po w Barley Hogs 4,000; Sheep, 52,002; teat 6,355, Cattle—2 | N. Y. Sugar and Coffee Monday's Quotations Raw, $1.28; refined, dull; 599.90, . spot, 11% @ 11% 0; No. @15a, Sugar—D, Liverpool Grain Monday’s Quotations Open High Lew Sesua 844 tesua oe bya Sd eb 4 Oe iar be} Wheat— July Close ud a . Foreign Exchange Monday’s Quotations | NEW YORK. June 1t--Oermnam marks tm still lower record at the opesina| foreign excbenge toasy were regia. 1%; fran arke, 135.590 Sterling 49.0823; lire | © the dollar, | C58 | San Francisco Produce 4 39.0487; extra fir: under-sized p fancy, Denver Live Stock Monday's Quotations Cattlo—Receipts, 280: market steady. Beet steers, 5; cows and helf- ers, § $4.5008. $4.50@11; stocker and feeders, Hogs—Kecetpis, 740 higher, Top, $6.99; pigs, $5.75.64.00. tpta 146 | market steady. «Lamba, H76G 5.75. Foreign Money Status Monday's Quotations Furnished by Logan & Bryan 610 Second Ave., Seattle | Normal Value Present value $4,866 Sterling ....+. - 34.61% 19.30 cts....Freneh franc. 0% ct# 19.30 cts....Itallan lira, 4.67 ote 23.82 cts. rman mark. .00007 ct | 19.30 cts Belgian franc. . 26.80 cts... nish krone... 00 eta ‘eek drachma,. 80 eta. lorw krone 8 sh krona. Swiss franc. . Canadian ee 60 cts Bots 4 cts —% | | . BANK CLEARINGS j Seattle Clearings .. Balances . } Portland | Clearings , || Balonces ; i] Tacoma | al transactions.. 2,898,000,00 | bo — “ | Seattle Stock Market Furnished by WH. M. Herrin & Co, 117 Cherry St. Stocks: Bia Joan Savings Ban! of California an Bank of Com Horton National... 220,00 National 00.00 Na é 115.00 * 230.00 Ban A | Ban Asked 00 $ 85.00| 10.00 211.00 00 Dexter Firat Most move-|a demand, | 26 ji» spring | 60. | berries, liarge 89¢ |Million Pounds of | \from + 312.50 170.00 165.00 260.00 +6 110,00 125.00 41.50 85,00 tom; 150 MAID «es eeees 90.00 ik, pfd.. 101.50 100.00 4.50 Aber ero Alarm, 2.00) 95.00) 102,60) 115.00) 00 97.60) 34.00] Globe Grain & Mill, com., 60.00 Globe Grain & Mill, pid... 66.00 | Goodyenr Tire (Cal.), pid, 87.60 ° 88,00 |Hawalian Sugar .... 82.50. 4.14, {Honolulu Plantation , 60.00 has, He Lilly. 93.00 World Lito 11.50 orthern Life « + 146,00 {Ominn sugar 36.75 |Ow! Drug. pfd ser. 102,560 |Pacitio Aianka Navigation 40,00 [Pacific Car & Foundry... 96.00 Proitle » 110,00 Pacific 99.26 | Pacific T 94.00 \Rionees MUIN (ungary 26.75 Puget Hound Power 6% 40.00 Reld Brow, com 95,00 Reid Brow, ptd 90.00 [Mperey Flour, como: |Sperry Flour, pfd sos. Huperlor Portland Coment " rds ese. 95,00 13.00 166.00 103.00 85,00 100.00 120.00 49.50 94.60 i 27.00 pfa 483.00 94.00 70.00 6.00 118.00 54.00 96.00 4.00 115,00 62,00 90.00 97.00 | TT Local : Market VEGETABLES Paid Wholesale 0 Prices N.Y Furnished by Lega $10 Bee Stock Market ‘ Seattle Spinach Toon dex, lug, reps rnips ’ FRUITS Vrices Paid Wholesale I Securities Quotatio Loght une we 6 Watermelons— Public Markets NUTS Prices Paid Whol Back Lote X. Li, per per le Dealers Almonds—t Peanuts Pee , ane sugar; tte, | Mixed Neto—F “we per PRODUCTS aid to Shippe y budded, DAIRY Prices Duttertar— A grade Rege—Fr Heatile deliver wt, fob Beattis puppiy ©. Di. condensary DAIRY PRODUCTS coe Retail Dene ery, cub rapped Faneb, white CORNER jamb . dhe) lane exe rt i brick Sow +f Tillamook tripieta, old. 40 120 POULTRY AND MEATS Prices Vaid by Wholesale Dealers | Henit 4, 4 toe é%e; k bone d bacon, 36 Bretlers—Leghorn: |, thocks and It | Capens 11 mney, &. 7 | then ibm and up. iva $4 t nt, 3 to 3 dry pleked 2 ane sugar, fi¢. . fancy . Te; mild pure peanut butt selected prunea, 2 ocom, 106% beat eateup, 1 fat, 9 to 12 ibe..... and up. 16 Ihe. . Roosters—Oid, Iive, per ib... ousand Hlonton ati baked t yatal Whi 2 Polar White soap, 2b can; Bakery Gtr ; Fisher's Blend, $2 KCONOMY Nghe tholce heavy Fancy, light Sosteseeeee Fancy, heavy, 150-200 Ibe Medium, heavy, 160-200 Ibe Medium, heavy, POULTRY AND Prices Paid W Dressed, per 1 Hens—Dreneed, heavy . Dressed, | Live, heavy, | Live, tent, 1b. Brollers Geose—Dreseed, Turkeys e, fancy, Tb. . ies jares—-Live, per Tb. Dressed, por 1b Cows—Country, dre Mogs—Fancy, block Veal—Fancy, teht ..., Heavy, course Mediuin, drosned LIVE STOCK Quotations at Stockyards Oe | meat ‘ 2.00 Medium to good cows and helfer Stall 40 eliel .; Stat as per @r 10 14 400. ¥, med, 200 ory N@ be og He. ‘o prunes, 26e. pkg. 680 I. medly ihe ed, tb Covin tbe 2-1. can Wi Abo canister free. WESTLAKE Sugar stall, 6 bars Crystal Wh Federal, Co-operative, Bore Carnatic rateh $2.40; wheat, 100 tha. $2.60; 100 Me. $3.26; wheat, 175 105, fancy drt country sorghun powder, 1-Ib. can oap, | n's of 100 Ihe 109 tba. | grows 0-60 exe mash, Prime fimooth hi Pign Bheep— Prime tamba Common to cholee. Hinge .. 2c can; cocoanut white soap, 6 Iaundry soa) 2 cans 260; #al home mado ma made marma' eggs, 2 doz, 950; ™, Stat! 131, Tb.; veal roast, +10.60611.00 + 7.00610,60 | 7.00@ 8.26) + 6.000 #00 | sess resisiiss sess 009 BED] OUR AND SUGAR | Wholesale | |Flour—Family patents 7.600 7.80 Sugar—Cane, per cwt 1040 Host, per cwt pe: 19.20 GRAIN AND FE « -18,00@21.00 | 9022.00 7,006 19,00 11,00@13.00 49.00 | + 61.00 | 39.00 | + 41,00 | + 46,00 | 48.00 | + 68,00 | 9.00 48,00 | 44,00 66.00 61.00 41.00 | 63.00 53.00 fresh ranch nut butter, f cured baeon, 180 | pork roast, 1o Tb. | Ewes Wool Is in Storage PORTLAND, Ore. June 19. resenting a large number the district around Idaho, one million pounds has been placed in storage it was announced today. It fa he. Heved the wool is eing held for a more favorable | a D- | Time sive of clips | AMtattm Hay—Virst grade... Straw Bolne, | Corn—Whote, yell of wool] Cracked « ore, | Barley—Whole here, | Mftalled and Onts—Whole feed, Rolled and ground, Sprouting, 100"... | Whent—Recleaned food, | AIL Grain Chop—s0'n hick He w, 120'8 d men 100" ¢ nd, $0'H-100'm. - 100% 70'n-80" 100'» ing Feed—100'« rowing Mash—100'9 « Mash—100'R Invest in a Successful Going Business 7% Cumulative Preferred Stock For tho fiseal year ending March $1, 1922, ihe © farch $1, 1922, the earnings en the were over four and one-half |] wheatwaticen fend, A0%.. times the dividend require. |}) OILS AND LI ments, (Loeal Market) Price $100 Per Share \Purpentine—tn drumn yoo... |" BXgatlon cans [Linseed Oll—Raw, Redeemable at $110.00 and accrued dividends tottonseed Menl—i 00 inee cd Ol Menl—100'n Soy Bean Meal—100'# Alfalfa Meal—=100'% . | Hono Meal—100's .... | Granuinted—100' Charcoal (hardwood) —50's |Fish Meal—100's | Grit—Limerto | Granite—100'« ; | Meat Seraps—Kantorn, 100°" orn oyate 10's, ADS | in barren B-gallon cane | Bolted, tn varreia S-gallon cans INTER and KLOISER White Les ighth Ave, and Virginia St, | ru | KINGSTON, 1 tabby cat goos a-fishin' nearly every day Hoge's Mill She down tho Seattle, Wanh, Kindly send particulars re- garding this stock to; June along river bank ond watts until an unsuspecting minnow gets in clove range, Then she makog here, sits on Street No. Gity, State , Agr |Arrivals and Departures | Th | Pedro, | Union Pacific LE ST iculture, GOES UP AGAIN Gold Reserves Reach New High Record Total nereanes of $28,400 erves, net liquidat of $19 and of $14.5 f earning @ eduetions 00,000 ities 0,000 reula of the k ft bust conse main features © board's weekly ued as son June 13, 1 of the In changes the reserve 10 a rine for the week from cont of earning than the ounted bills by § ptances purchased in open market b $29,600,000 and United $24,7 D holdings of discounted b gregating $42,600,000, reserve Danks, ban} Increasen In t anted paper hown for the Richi ansets show week before 7,100,000, anton ne urities by 0,000 the reanes In ls, Og n for the are #how includin with a decre nine San Frar id tot Bont ing mond co of the tt Kn or reac of $31 present year of $91 900,000, ed with an increase of $132,800,000 for the corresponding period of lant ye Increases gating $43 reserve bar usually | 600,000 of gold, the aystem's w high in a re ord total for th 19,200,000, re in gol renerves, aggre re shown for rev principally the n Francisco banks, t increanen of $16,100,000 Hon. ow York and of § rep a decrease in Ita gold re nerven of $5,600,000; Chicago, a de-| creano of $4,400,000, and Richmond. Minneapolis and Dallas, a combined Jecreane of $7,900,000. Holdings of paper secured by gov ernment o} tions decreased during the week from $384,100,000 to $369. 600,000. Of the total bi 13, $214,700,000, or were secured by United & 0, or 36 per cent Bi 0,000 renpectively rts June on per fates bonds by treas 0,000, or 4.2 per cent by treasury if compared $190,200,000, $178,800,000 and 000 reported the week before y notes cater, 10 Ship News . | Tides in Seattle TURSDAY WEDNESDAY JUNE 19 | JUND #0 Vir Low Tide | Virest Low Tide 2:0 am. $9 ft 1903 wom, 83 Vir High Tide | First High Tide |7iT am, 9.0 ft./026 a. m, 6.6 ft | ‘second Taw Tide | Second Low Tide [2:10 Bra —O.2 8.19100 pe mm, OH Ft | Second Migh Tide | Kecond Mlgh Tid 9:20 p. m., 12.6 ft.110:00 p. m., 12.8 ft ore Weather Bureau Repo: ‘TATOOSH IMLAND, June 1 tom Barometer falling; cloudy; wind south- it, 4 mill @n hour, Passed in: A t- Mandarad Oll tanker, at 4 a, m.; mast freighter, black stack, 7 with Circle crook at 410 8. may et OF nder, mt 4:80 4m. 10 & m—Pase- A © mi: ote Passed out:| = an hour, tr H. W.| at 2 p.m ba Maru-at m, Pansed out: A Luckenbach | at 10:40 0. m.; str Gy: str Dorothy Alexande eamer, Mam; 1:20 p.m. eee HIVED—June 1%—8tr Edmore trom | in, at 21:24 uw, mj ete HP, Alex ander from San Pedro vin Ban Franctaco, at 11a, m; ete Ralnter from San Fran-| cleco via Heilingham, at 6 am | Latouche frem Ladyamith, DB. ©, vial Potnt Wells, at 6:20 a, m.; ete Astyanax from Glasgow via Liverpool, Balboa, fan | Pedro, fan Francisco and Vancouver, B C., at noon. June 17.—Hte Northwestern | from southwestern via southeastern Alas- ka, at 7 0 atr Wm, A. Melenney from Boston vin New York, Raltimors Balboa, Ban Pedro, fan Francisco and Portland, at 7:15 a. m.; str Corvus from New York via Haitimore, Balboa, San} fian Francisco and Portiand, at 6:30 «. m; str Northland from Tacom: at 4a. yi; ms Callfornian from Boston via New York, Balboa, Ran Pediy and fan Francisco, at 6 p, m.; str Lake Francis from San Pedro via Tacoma, at p.m; U, BON. T. Cambrat from ward vin Victoria, I. C., at 6 a, m.; ‘orest King from Redondo, 36 ¢ Arizonan from Hamburg via . Ban Pedro and &i str Adm at 4:20 p, m. orn Alaska, at June 1¢—Str Griffoo from p.m. June 15 for Kobe via Yoke une lite La Tacoma, at 3 SAILED. Str ‘Toyama Maru ama, at 10 a. im, uuckenback for New k via Port Ie, Anacortes Francisco, Bam Pedro and Cristobal 6 a. m,; #tr Willsolo for Tacoma, at 4:30 @. m: str Northland for San Francisco via t Angeles at 9:20 p.m: atr Blue Triangle for Portland, Me. via Ban Francisco, San Pedro, Balboa and New York, at'12:40 p, mj str Lake Francia 0 via Tacoma, at § p,m; atr ma, at 10 p.m: atr Griffen for British Columbia ports, at 9:20 p, m ‘Alsites, Vemals LDEZ, June 17.—Sailed: southbound, at 2p. m. SBURG, June 17.—BSalled Admiral Rogers, northbound, at ¥ ka, atr Alas atr 130 p.m. Vessels in Port at Seattle Smith Cove Terminal—Pier 41—Str Pres- ident Madison, str lyo Maru, Great Northern | Terminal—ste Maru. American Can Co.'s Terminal str Ad- miral By Hell Btre homish, rR. ior § ler A Pier Bh ter D: ‘Toyama erminal—U, 8. C. @. Sno- Pr Str Owego, atr Forest King, Str Rainier. Str Admiral Nicholson, Str Admiral Dewey. Str Admiral Rodman Terminal—Str Lena Luck- onbach Pacific Const Coal Bunkera—U. 8, 1. H, T. Rowe U. 8 Shipping Board Anna KE. Morne, BY; Connecticut Street Terminal—strwm, A. MeKinney, str Howick Hall, atr Robin Goodfellow. Atlantic Street Alankn Sto Vilbert, Stacy Str bral Lander Street Terminal Milwaukes Ocean touche Manford Street Terminal—Str Arizonan. Spokane Street Terminal—Str Defender, Todd Drydocks—Atr President Harrison, ate SilVerando, atr Wort Nilus, ate Wont Ts mi. P A Bridge & Dredging Co—str Moorings—Str ‘Terminal—Str Corvus, ship Moorlnga—8tr Lake Redondo, rminal |. BA. T, Cam. Me Californian. Torminal—str La: Hotferman's Drydock—Mark, Gratia Winslow Marine Kattway=Sehr Commo. dore, ahr Betay Rone, barge Coquitlam City, whalers Star 1,3, a Shipping, RESERVE RATIO LABOR BOARD la L | James Turner, | M Greator Star Want Ads give BET. |n sudden sweep with one of her sy = paws and “lands” her cateh, THR AND QUICKHR — Results, Phone Main 0600 SCORES ROAD Pennsylvania Reprimanded for Union Fight cn June 19.—The ania railroad was 7 1 by the t ra exterday for “refusal to class of empl representatives to wages ely own agreements covering king condit ad waa rebuked by the bi x iteelf in the same 1 yes who strike against and law negotia Ther a Dp as emp ns ard ing ition the board's decisions ere ating t The board, nnsylvania ® hv nied to Ite & tial rights congres ttle jJHT MADE ON OMPANY UNIONS” The official the Pp ring men to which the men en an lat had declared buke, the pen ard is empowered to attempt of the with its unjons.” oh only alty rall be climaxed th nla to negotiate thru “compan m brotherhe to tl irect rar were exer scheme 6 fight bh nd in cour a 4 before the various times ra in two years Tho railroad tgnored the order of the board to hold ction among tn no that the men might ect in wa and other disputes o board cited the road for contempt. The t took an injunctic the board from adi United held in favor its shopers elect representatives to ard case to restrain istering the re- buke to the which rd ecently Samuel Rea, president of the road, was peremptorily haled be. fore the board by Ben W, Hooper, chairman, In similar controversy involving the clerks’ brotherhood he brotherhood charged that the road was abitrarily forcing employes to negotiate thru company unions when they wished the unions to rep resent them. Rea again defied the States supremo of the | board and declared the men voted to negotiate thru the company unions Ho challenged the right of the | board to interfere. puke branded the road's “indefensible from Today's r course as eve viewp: Building Permits | ee 4 UNDER $1,000 » $80. HOt Pine ot, addition ave, aad c. Jul Wallington Wm, Brougham, 1915 tion to reaidence, $640. Wood, $116 Bist randon st, addt- W., reridence, 4400. || @elma Moveland, $218 Waleot ave, addi tion to residence, $200. en lylio, 2911 K, Fir, alteration to rest- dence, $1 1. Tribando, 1706 22nd @, garage, $25. Axel Jacobson, 1607 Wy Oth; chicken house, $16. ‘Thos, Haward, 2920 Holly et, residence, 400. ©, ©, Jorgenson, 1312 E. Denny, garage, to. SB, Rothehild, 4000 26th & W., garage, $35. Geo, Hicks, 6712 42nd 8, addition to’ gar- age, $30, . Lae, S701 14th B, ahed, $20. 4 W, Drickss, 2609 W, Eaton, gar- e880. Banderson, 6055 44th 8. W 00, 3 42nd B, tent, nd W., residence, $150. Riverside drive, gar- Rovt tion to resid Brerett Joy, G ¥, Tite Geo, Heston, n Exiter Inveetment Alteration to bu Mra. Bertha Reyerson, §23 W. Armour, ee, $260. Joo Cassalter, 1600 Massachusetts; chick- en house, $100. $29 12th & W., addition to residence, $160. Albertson, 2066 W. 62nd, addition to flats, $200 Q Btefani, ‘shed, J. W. Anderson, 4017 26th B W., 0, $50. Colina, 312 Garfield at., shed, t 4-32 17th ay 6534 16th B, addition to ware Cae Peter Woeck, 00. J, Goodwin, 6 1465 24th W., garage, Terminal, 1936 Third, addition ~ $280, M. Connor, 2001 Jackson, « OVER $1,000 F. G. Morse, 1016 Third, mill gafage 120x 40, $9,600, Niels Hansor 108x20, $5,000. A. T. Jenkin £039 18th WN. residence 37x24, $3,600. Mra, 8, M. Carson O47 16th N. roaldence 39x24, $6,% Great Northem RR. depot, frame ore bin, $3,000. Everett H. Boyd, 410 R. R. Exchange bidg., frame reaidence 20x28, $5,000. P, Houghton, 109 B. 60th, framo rest- 2,000. y. 1680 EB. 62 14,000. Marris, 7 32nd N. ence 38x28, $2,000. 2012 1éth N., frame rest- Alteration, $2,600 1625 Fourth, mill stores B,, frame E,, frame nd, frame w., dence, Huett dence a i . frame rent- SEES PROFITS FOR FARMERS Seattle Banker Finds Crops Good in Inland Empire KE. B. ¢ Raym ton M has just thru § ual compl da ashington to on ere for the 1 ha on wml with Ka m Washington for more than 40 year aid Cox and Ib better prowpect for ear, J have Columbia, Asotin, Whitman, Garfied Lincoln n untion In Washington Benewah, Latah and Per€e and Idaho counties in Idahe this comprising the at group agricultural counties of the I empire. “Winter wheat ix practically made | It ils an even star fine nd enough moisture to carry it thru to maturing. There are thousands of acres of spring wheat sown which 1 up in good shape lendid color and with ufficient moisture to mature it ev hould be had. ‘There has been more rain in in the Inland empire this ye than all the months of June bined for the past four years. only are the grain crops good, but the alfalfa, whi is growing in popular ity the dry 4 farms, is tn splendid shape, and the pea and bean cre are in excelient ¢ dition. | the farmers in the Inland empire polng more into hogs, cattle and p on their farms than er be ‘The high prices of wheat dur- jing the war caused many farmers to | abandon the raising of stock, but the low prices of wheat during the past two years have put these men back into the stock-raising and feeding bustnens. “The Inland empire whould have a surplus of money this fall as the re- sult of full crops, While the price of | wheat is not high, yet with a large crop this year most farmers will be jable to have a sufficient net incme |to clean up current obligations a | put them pret! well on their fee! |after the disastrous crops and prices of lant year,” 10-da ndition bank than t is thin Ha Walla, Spokane | Adame « Kootenai, been in a 4 % nd color with a # no more rain June far com on are wh fore. ‘HEAR SUIT ON OIL PATENTS 8AN FRANCISCO, June 19.—Tak. jing of evidence tn the sult of the Universal Oll company of Indiana and other independent oil companies aguinst the Standard Ot! of Indiana, alleging infringement of patent, con- tinued here today before Holmes Hall of Missouri, special master in chancery, Tho sult involves rights to the process by which about 40 per cent of all gasoline ts made. Ralph H. Handy, manager of the Arrow Oll company, was on the wtand all day yesterday. Ho testi. fied that phases of the ‘Dubbs’ pro- otss" of refining crude oll, which has been patented, and which the Independent companies claim the Standard has infringed, were in com- mon use in 1908 and earlier, Attor. neys for the Standard company also claimed that practically all phases of the Dubbs process were known here and in England as early as 1863. Wool Market Looks ; for More Business BOSTON, June 19.—With the ap- proach of the lghtwelght season, combined with a slightly easier tone to the wool market, it ts expected that more business will soon be forthcoming to the local market. After the holiday yesternlay, the market continued quiet. London reports that Bawra wool disposals during May amounted to 36,500 bales as compared with 26,000 bales in April. Total stock on hand May -31 “jamounted to 600,587 bales, Crude Materials Lead in Imports Thirty-nine per cent of the total imports into the United States for April were crude materials for use in Manufacturing, according to a gov- ernment analysis just issued. Ex. clusive of a nominal amount of goods listed as “Miscellaneous,” the lowest classification was that of foodstuffs, which were imported to the extent of $32,866,000, The total Imports for April are given as $364,000,000, as compared with $2 100,000 for April, 1922, Farm Crops—Decide now on the portion of each field of grain or other crops from which to get your seed for next year, DAY, JUN Real Estate, Building °. ——— LESS ACTIVITY SEEN IN TRADE June Always Slow Month, According to Moody I He in ep loadings: of to 100 pe \way traf from the us yea. been ‘The gre movements 50 leted before rail recent times variab’ accompanied by in refiner and probably bot justment of oll 1 |Crude has been g too high compared with caso and the ity of the refiners to bring about a readjustment may be taken to mean that the petroleum stocks are not in quite so weak a position as appears.” Authorizes Sale of Klamath Canals WASHINGTON, June 19.—S tary of the Interior Work today |thorized sale to the California-Oj |Power Co, of the Keno and Ankeny canals in the Klamath irrigation | Project, Oregon. | The only bid received was slightly in excess of the value fixed by a | board of appraisers. It was made by |the. California-Oregon Power Co, which plans to spend $750,000 in de- veloping power for local us price ‘MILES OF WIRE BEING LAID More than 10,000 miles of telephone wire, most of it contained in cables carrying 1,200 pairs or 2,400 individ- ual wires, are being placed under- ground by the Pacific Telephone & Telegravh Co. within a radius of a very few blocks of the telephone building at Third ave. and Seneca st, This is being done to meet the re- quirements for additional service and to provide the new equipment nece: sary to respond to the growing de- mands of the business district. About |seven and one-half miles of “duct | feet” of vitrifted clay conduit, manu: }factured by the Denny-Renton Clay | & Coal Co,, have been placed under Third ave. and adjacent streets and alleys to carry a new cable. | A portion of this new cable in 10 |arge spools stood last week on Third ave, in front of the Telephone build- ing and aroused considerable inter- est. This interest was intensified when it was learned that the cable contained wire enough stretched sin- gle length to reach from Seattle to Chicago, and represented less than one-fourth of the amount of cable and wire which the company is now placing in a few of the downtown streets and alleys at a cost of more than $109,000, Business Changes (Under “Business Changes,” The Star publishes, without charge, changes of location by established business houses. It will appreciate information of such changes, addressed to the Business Editor), Western Electric has moved from 148 Henry building to larger quar- ters in 4436 White-Henry-Stuart building. W. D. Benson, local agent for the Transmarine Steamship company, Port Newark, N. J., has rented 44 White-Henry-Stuart building and will moye in as soon as alterations aro completed. Economy Fuse & Mfg. Co. and A. S. Penketh have taken room 933 Henry building, moving in June 1. Three Sands, near one of the sort that seen back of its one can boast of no city officers, churches, the center of Tonkawa Pool, is a typical Oklahoma oil town. It's sprang up atmost ober night. A score or more and only street, big derricks can be Three Sands, tho it has a population of 5,000, no municipal laws, no chamber of commerce, schools or