The Seattle Star Newspaper, July 10, 1923, Page 14

8" PAGE 14 THE . BUSINESS—Finance, Produce, Agriculture, Shipping, Real Estate, Building BEAR MARKET \Writers Pessimistic on NATION'S CROPS IS EXPLAINED Columbia Basin Project ARE DOING WELL ident Point to SEATTLE AR TI PRODUCTION IS {New York Stock Market AT HIGH LEVEL Local Markets WAl YORK, Jul NEW with price eneral trend >" award was made yesterday by Report Shows Some Decline in Retail Prices SHINGTON, Jul ting to the review ness conditions ate that products Med at a high tk Mumber of mineral p piled by the department merce rose to 140.8. the 1919 average exceeded The index of anima! products May, on a 1919 219.6 a year ago. Forest 1 larger Crop Were cor ‘A Year ago for Produce. Manuf was larger in M ‘of 123.1 recorded to the March re The large manufacturers corded in March declines in Ap unfilled.onte stood at § 200, compared and 100.5 in March Latest fi May show an tr y sumption to 59,682,000 $6,411,000 pounds In A Greases in the produ Classes of wood p Early reports of conditions, based o: Indicate a larger Minous coal, and a further increase fm lumber produ The & considerable decline, by the awani of building Business failures dec! ther, averaging about 220 per w @s against over 350 we May. Wholesale prices in eral cor tinued to decline in June and retal food prices also came down. Load. ings of freleat cars averaged over 1,000,000 cars per week during the first half of June. exceeding p ous records for this season of the ‘year. TO BUILD BIG LOG RAILROAD SPOKANE, July 10.—A for the building of miles of Standard gauge logging railroad orth of Hayden take into the Burnt Cabin Creek district has been award ed to R. A. Biggs, construction en Sgineer of Spokane by the Ohio | Match Co. Announcement of the A. P manager as 100, the ar number f com since ures rec! io per week ey contract Bailey, general Wes' for the company. While the amount of the contract is not stated, it ts understood to be in excess of $400,000 with an aver- @ge construction cost per of Tore than $17,000. In addition to this, the rolling stock will make {t Practically a half mill Yestment. A force of betweeti 300 and men will be employed as soon as m mile ar in 400 na thy pa and the GRAIN PRICE § ARE IRREGULAR %—Grain prices n the gains wh Chicago Car L Monday's Quotatio: Liverpool Monday’ Chicago and oats hile wheat ots Denver Live Stock Monday's Quotations Cattie—Kee steady eipts, 1,82 cof helfers, Sheep—Recetpts, lower. Lamba, 4G 6.50 . Marke steers, $7 . $2.5088 San Francisco Produce Mon: Ye Quotation: Butter— attitude ¢ signs of a re which they indicating $1,00 otwhe r N. Y. Stock Market Quotations & lirya. Monday Yurelahed b, Seat titgh i Aime Ame: | Amer. Locomotive Amer, Ship & Com merican melting r. Bteel Fudriee May Dept. # Mexican deabe do et Miao do pta Melntyre | Mother Ta National F National ¥ dat th 1 ay VEGRTABL Prices Pald Wh (The prices at tau This Stage of Business Anonal except be tle Moody's Weekly Review of Finan ‘ta wad nditions in its current issue % for hauling, at Ing cont.) part faith in » has Th mere ublic opinion places 1“ ub 100 oe Asparagus— Per tb i” ntoc and confid the quotations n Yor been disturbed by break however, bunenes « tock market, ty following its normal habit of goin Carrots profit Cauliflower 1 Celery Le down after a long period of taking at high levels by Hear movements ed distributing markets reo; and’ this market in detail has been excep to precedent for more oar 9.60@10.00 1.000126 ” per erate pi.60 0003.00 doa 6 don, wa b ” k 1.6001.15 * 6 rib oe pnd vestors ways fe in Cacumbe ta im due ce every tionally epee, than two years. Loe the sudden the p reals of ot siey unches en market ret { the past. Owing to the un opularity of bearish advice, tt take age to advise selling around th and there will always be th place their ntakes u ty of bullish advi gies when the market breaks. new, or oo@r.t nd tipsters, b atooe—tobthers, | 104 t no Influence upon the market, since the to the public advice are t id storage, tancy mon cold storage te Local, dos, bt per tb Per sack 2h00@s2.t0 13.000 26.00 One 04 hes 20 oe 0 100@1a6 Hadishee Rhub and trust pwever, have al the course latter buying re and Turutps—Dos. bunch sponds reorts Prices Paid Wholesale Dealers Apples. Some of the causes of this bear are the rine of a dae s, the cutting of the supply of S extent funds, the spread of lat les, and the prospect of danger troad, bonus and banking leg inlation. Until these evils have mpent their force, one should remain con Winewapes Yel. Tranep Apricots 4-banket Nananae—Per ib .. Cantaloupes—tiendart Cherries—Iiing, per Ib Tartarian Royal Pe cherries Cocoanuts Dates—t Dr rept, new Aune Trade cycles at present are Ik those following the elvil war nd quite unllke those of the past 3 owing, of course, to the long nd trying process of eliminatin inflation. In the normal cyc rado is either depreased or declining only one-fourth of the tim but in the presert and post-war cy clos it Is depressed or declining about one-half of the time.” dow. omedary, 14 war 415 ‘ u@ 1% 9.000 10.09 ogtoe O55 about Kiwanians Dedicate 2 Welcome Arches After their regular meeting, Wed noon, at the Hotel Gowman, le Kiwanis club will dedi “Welcome” arches, one at Bothell and one at the Re Sea The membe: wo KTOU Watermelons—Per i Yakimines—Per box NUTS Prices Paid Wholesale Dealers Back Lote nenday the Be: two the ton entrance to will ing The mayors of Renton and Both elt reprenent thelr own ation, while Mayor official ub de into . one Ko Walnuts Juznbe, Yancy b DAIRY PRODUCTS Prices ald to Shippers Batterfat— to ench arch aded will each the dod and other city Beattie. Tho orn will be Joined by from the ¢ camp, will enent mber of pd park a tourists Wood ndeneary . DAIRY PRODUCTS Prices Datter—Locai ¢ Local prints, wrap Preah ranch, UNDER $1,009 2320% Wareaw, garage, 150. 3048 tind W., garage, $290 . O71 Beventh N. Wo, gar Face mem: } | ® of Eastern jour President Harding almost clal newspaper Is who acc 8p little unanimous! chance for government of the Columbia basin pr is the necessary condluston urvey of Eastern papers tt just arrived in Seattle with ¢ tions of the president's tri | kane In one way or another the bring out th nterners to the lack of suppert from See Wallace and Work, and p tagoniam from the farming of the Middle-West Thene points are brought the Eastern writers in variou according to the political cor of their Journals, Most of the ly “kid” the West, and project In referred to, once ukewarm proponit as “an irridesce 6 consideration.” Charles Michels of the New York » writes for fear,’ the t dream p cal writer (ind, Dem “'Do not ject the more veteran p Moody Says It Is Normal at | Corr spondents With Pres Many Obstacles to § correspondents | reclaim an arid region, ompe if any velopment This from 4 at have Jencrip p thru "| Washington and bis speech at Bpo articles attitude of ton, the rotaries al an rections out b ext » gent basin than for fu n tt World per president told Bpokanors, ‘that the present develop- ment is Hkely to impoverish w: ing to every historical what will take place STATEMENTS MADE WITH RESERVATIONS Im a country where man figui | spending $6 ible the ever ue of his land decla: m bas a grand and apr but actually the pre words are not such as to ala conservationists, for at nl © win the future, The precivo contrary, accord- | analogy, is} y other that the government by | 000,000 or 0 would dou- | such a rolling aident's rm the ery promine | | was neatly handcuffed to a reserva- thon. “Whi {the announcement |done with tho « that Klens ex ation of our There will come again } n Imperial estates will be sted with lavish hand tc gentlemen whose only cl ‘we t could be more resolute than | have a of thoughtless and | domain. a dme distrib- nterprin is th they would ike to own them.’ “However, tt 1s worth while to em phasize that many of the most val ued resources much character of the and thelr ment must be on such a pcale they can only capital tn lar CONSERVATIONISTS MAY OPPOSE BASIN PROJECT “The drug of the Midd ng in fi more compett! r prices for Keer thing In poll: fect in the West lonists, Including ern of hi ahinet, have which will prod ca than in and ou! obtain—that fa, every reclamation plan to the test of | omic value. ds, whenever ft In| be dammed to | suggested that a r West are of develop- that bo made avaliable un- ‘ee unite, le- West y oxainst giv- ion instead of | The con Pincly t of the formulated a policy to put theme the project able to answer in the {firm questions—will the increased value of the redeemed land equal to the money expended on and will these be a market for the produce of such lands that will en. able the farmer t make a living from it? Richard Barry, of the Phil Ledger, also in pessimistic over the basin’s chances. Bo is Armstrong, of the Los Angeles Times, in a Bec tion which not only needs its own congressiong! appropriations, but which has many mot than the Northwest. In all the stories re- here the basin js not taken with a great deal of seriousness, the general tone being—“it's a fine thing, doubtless, and maybe it'll go over in but © «© * must first be it elphia 60 years, RESERVE RATIO DECLINES AGAIN Holiday Brings Increase in| Reserve Note Circulation July 4, being observed day by all federal re- s banks, the weekly bank state ment shows the condition of the re- nerve banks as at close of business on Tuesday, July 3, 1923. The state ment shows an increase of $154,900,-| 000 in discounted bills and reductions of $5,300,000 in purchased accept- ances and of $40,300,000 in govern |ment securities. Deposit Mabilities increased by $37,700,000 and federal reserve note circulation by $55,100, 000. Cash reserves of the reserve banks show @ reductica of $35,600,000 and the reserve ratio declined from 76.9 to 14.4 per cent. Increased holdings of discounted bills are shown for all the reserve b except Richmond and Chicago, tho largest increases being reported for the New York, Cleveland and St Louis banks. Increases in federal reserve note circulation, which re- flect the demand for currency In con nection with the July 4 holiday, are [shown for every federal reserve bank Of the total decline in cash re $23,000,000 represents a re duction in gold reserves and $12,600,- 000 reduction in reserves othe: than gold. Smaller gold reserves ar reported by the New York, Clove land, Richmond and St. Louis banks, the reduction at the New York bank being about $51,000,000. Of the eight banks reporting increases in gold re serves the largest increase, amount- ing to $24,900,000, is shown by the federal reserve bank of Chicago. Holdings of paper secured by gov- ernment o’ligations increased during the week from $182,300,000 to $47 160,000, Of the total held on July 3 $267,800,000, or 56.1 per cent, were secured by United States bonds; $188, a Reports From All Sections Are Generally Good The last for the th érop report a1 depart 10. week favorable thruout CHICAGO, July devel nt of country, according to the complied by the agricultu of the American com pany. With f exceptions, the tem peratures were reported high “The jatter portion of the week,” says the report, “goog showers in many parts of the Plains states and the North Centra states reli conditions that were becoming dr The New England stat a well a the. Middle Atlantic need some rain The hot weather was favorable to corn, cotton and potatoes; it was lesw favorable to small grains in the drier s, hence we find the following conditions regards crops Corn is improved; cotton wa ted by better cultivation and checking of boll weevil ‘by drier, warmer weather in many sections | Potatoe progressing favorably, ation, season: show ers and warm growing weathe “Wheat is ripening weil more southerly producin | heading out in the sections. Oats are hes what short in sections that been too dry and too warm. | is going on in earnest in me | of the country, with a « rally light lcrop in the more tral sections of the country, a good to heavy crop in |'Texas and the Pacific coast states jand more or less spotted in the Northeastern states. Tobacco is doing well, favorable growth is reported on sweet pote | toes, and the more specialized forage | crops of the South, such as peanuts, velvet beans, soy beans and kafir corn. Fi doing well, lve stock is in healthy condition, hence the week may be considered one of fair agricultural progress. ‘SHIP BRINGS SILK CARGO crops ment states are | considerably due to c! northerly ing out some- have ing Bringing a cargo of silk valued at | $8,000,000, and with a passenger list | totaling 490, the President Jefferson, |Capt. Francis R. Nichols, is due to arrive in Seattle July 16 from the Orient. The Jefferson left Yoko- |hama July 6, and In addition to silk and passengers is carrying an ex- eedingly valuable ca » of rattan, hemp, Chinese foodstuffs and tea. Erckenbrack to Talk | on Merchant Marine “South America and the American Merchant Marine,” was the subject of a speech scheduled to be delivered by E. P. Erekenbrack, district director of the United States shipping board, | at the Chamber of Commerce foreign | trade department's luncheon meeting |Tuesday noon at the L. C. Smith | building restaurant. Mr. Erckenbrack, who 1s a native of the state of Washington, has just returned from Rio Janeiro, where he 700,000, 9.8 per it, by treasury - ‘ites halls $30600,000, ze ak pee | was agent for the United States ship- cent, by treasury certificates, com.| Pins board. Hig transfer to Seattle vared with $243,000.00, $121,400.00 | Will mean mucH to those who haye Bea tik a0e,000 reported the week be. |" Mterest in Pan-American trade, ope anes ae \Refiners Review ROGERS TALKS | | Sugar Situation TO LIONS’ CLUB |i review ot the susar industry, cays t the distribution of sugar in the | first six months of this year declined | about 130,000 tons. Refiners’ melting jduring this period totalled 2,464, details have been worked out. V Will be undertaten from h and from three intermed struction camps along the is expected that the first miles will be completed by part of November or December. Tho remaining Will be laid in the spring ‘The line will join the Spokane ternational railroad just nile orth of the Garwood stut about hee ight, 2 | 25 miles from Spokane | a Geta tek i hoo : aly: aay Six preted. 6 4 . Portland Produce Monday's Quotations Hatter—i8@ fir of ackage Pak “anna em ee” Ship News) rite na RE hare 118 Bonalr drive, fe POULTRY AND MEATS Tides in Seattle TUPADAY WEDSPSDAY Prices Paid by Wholesale Dealers addition to JULY 10 JULY tt eclingasig || Piet Migh Tide | First Aflgh Tide Menuet Jit mm, 18.4%) 14) & m, 108 ft First Low Tide | First Low Tide ee 03 ft. | olla m,—63 ft Second High Tide Second High Tide 4:60 p.m 4:41 Pe my 108 ft Becond Law Tide | Second Low Tide 80 pom Th oa p.m, Ta ft oe Geese Live Belgian it : . : Weather Bureau Report Turkeys —Vancy 4. p., 5-1 ; . ? ATOOH 1 », July §—# A.M Roosters—0} ve. chicken 4 = California ave, gar . shed, $60. " In w N. Y. Sugar and Coffee Monday's Quotations Raw, $7.90 . al Mediurn. Mra. K. 70. rea Segar—Quiet it Sherman Rogers, industrial expert of New York and industrial editor of Outlook, was the guest of honor at the luncheon meeting of the Seat- | tons, equal in refined sugar te 2,2 tle Lions’ club in the Masonic club | 045 tons, compared with 2,655,125 last rooms Mond: Rogers, who ts well | year. known' in Beattk, haying made] With exports of 195,000 tons this many addresses hero during the |year, against 665,000 tons last year, labor troubles after the war, spoke |the balance for domestic trade in on the necessity of a person “sell- | 1923 is 2,097,045, against 1,989,464 in ing himself’ to his business asso-|1922. The total indicates that distri- tes and acquaintanc bution during the first half of 1923 is “In the past,” ho sald, “the great | 2.5 | majority of employers of labor have neglected to ‘sell’ themeelves to the| Wheat Condition men they employ. Let them learn | a Is 78.3 Per Cent y their cards, face up, on the | table, look their employes squarely WASHINGTON, July 10.—'The con- jon of all wheat in the United in the face, tel! the truth, quit their | | States on July 1 was 78.3 per cent, | ‘kiddin’, and half of the labor proh- lems will be solved.” |forecasting a total production this 3 year of 821,000,000 bushels, the de- partment of agriculture estimated to- 'Exports of Grain laa: * | The condition of winter wheat was Decline for Week 3.0) mn oon aunt eas WASHINGTON, July 10.—Grain | 5 | 586,000,000 bushels; spring wheat exports during the week ended July | condition, 824 per cent. Forecasted 7 totalled 4,627,000 bushels, a decrease | productiog, 235,000,000 bushels, of 959,000 bushels under exports of | - _ “ | the preceding week, the department : of commerce announced today. ee Realtors isiting Seattle Exports of various grains were: Harley, 182,000 bushels; corn, 207,000 bushels; oats, 41,000 bushels; rye,| One hundred real estate. men and 1,481,000 bushels; wheat, 16,000 | their wives, who are making a West- | bushels; flour, 138,600 barrels, jern tour under the auspices of the : |Chicago Real Estate assoclation, were guests of the Seuttle Real Es. tate association on arriving here, ; Tuesday mornitig. Thoy are spend. ing the day studying the local real estate situation and seeing the clty. refined, quiet . earnee, $80. rege, beth, ware 44th BW, Financial Flashes From James Macfarlane & Co, 611 Secong Ave. Quotations Logan & Brran #10 Second Ave., Seattle ff } panned * Addition to &. om; ate } 1098 fn 1 Passed in, str Ei Lobo at 9:15 heavy, 160-200 tha. oR@ h, alteration tir Btanwood, at #:40 a, m. POULTRY ¢~D MEATS 1440 Market at eae: Standard Oil of New Jersey re soul et Fal Wholesale Dentere t ' Arrivals and Departures duced export naptha 1 cent a gallon nee : 4 Fi Ment—Dreseed, heavy eg een array re ndmieal + and %-cent a gallon, price of export Dressed, ight ka, at 10 ‘ Naptha in cargo lots now 14% cents |! m RR “ v in z * ‘ Live heavy, ma, at lo. @ gallon, 63-68 degree grav . poate lan Alexander from San Pedro Eastern pig iron prices ar Liberty Bonds Geese—Drew 2 Kenbach from New York via to $2 and Western and Seamie'T Gistitlecs Far realdence, Pe peop, | Piliadeiphia, Halbon, Ban Pedro, Ban prices $2 to $3 a ton. Furnished hy Logan & Tirya 3 26th, garane, $500. Francisco and Portland, at 2:49 a, m General Motors Corporation in B10 Second Ave, Benatth OVEN $1,000 + Admiral Sebree from San June produced 68,000 cars and truck Firs tise High tow iw et eee set et aetoeaecaers compared with 75,419 pr 36x26, § Pedro, $0 p. mg wir Northwestern jous month 4 %) Firat 4 Knapp. from Southwestern via Boutheastern Alne- and 48,441 in June, 1922 BANK CLEARINGS ond 45 According to Londo addition, ka, at m.; etre Hawallan from Bal ¥ ‘\a timore ¥ Ralbon, Ban Pedro and Ban econd 4%a Francisco, at 1 a. m.; ate John C. clair is negotiating for controll Third 4\%a Kickpatrick from Tacoma via rett, at terest In Atlantic Gulf West Indi Four 15 0. motorship Handicap from Ta. The June output of copper of the } United Verde Extension mines failed 3,517,774 pound 8 tr Qninault from San Pedro yin 6:30 p.m. | with 3,759,102 pounds | Foreign Trade motorahip ‘Twenty industrial stock Tiverton, at $9.41, an advance of : railroad companies’ stock 78.70, an advance of .71. average active average heavy, 160-200 The alteration 7468 Cort tar Laura Nicholls residence W, Morm alteration to 2453 W. 60th, addition to D. 14 Wilson ave, chicken |p. ate ‘it Fra: off $1 muthern frame advices Sin Seattle LIVE STOCK aye ot ee Clearingy Quotations at Stockyards Balances 45th, residence alteration, D. Christopher residence addi Nien 8741 steers 1.600 A718 tet BW 1000 frame Foreign Money Status wa'and heiters Monday's Quotations Furnished by Logan & ryan #10 Becond Ave., Seatth Borting French. frat tra frame real Re Fuhrman. $1,409. Central 00. rry Ave, $2,000 S418 Reacon ave, $1,800. Seattle Stock Market Furnished by H. M. Herrin & Co, 117 Cherry St * nia ican Savings Rank. ..$ of Californin frame 2,960,000.00 | | Normal 84.866 $1.00 Present vatue bidg., M4 Ot frame real 18, Oakland, at midnight SAILED—July 9—-U8, 8. Maryland for Port Jos, at 10 a m7 Admiral Bewre Tacoma, at 4:15 a. m.; atr Northwestern for Tacoma, at noon, July mill|K—8tr Curacno for Southwestern via \Boutheastern Alaska, at 1:15 p.m; ate President Jackson for Tacoma, at 9:30 J +4 p.m; achr Sophie Christenson for Ta- RNB Bia cont |coma, at $:20 a, m,; motorship Handicap 6 United States bureau for Melbourne, at 4:80 p.m. eign and domestic commerc | = etived the following inquiries foreign firms who wish to American manufacturers spective fields. Full inform will ibeigiven to American firms on ap-|, . ; 1 ' han el 005 plication to 8. H. district |” x + manager of the Lowman building, Seattl Australia—(707 200. Denmark—(7069) Greece—(7087) India—(7080) acd remnants; (7062) Ttaly—(7068) Lard, Wheat; (7062) Wheat and other grain Mexico—(7104) Staple groceries Peru—(7088) Canned goods, hard-| «Ware, hosiery, lubricants, Sweden—(7126) Preserved Jard; (7112) Pork and lard Switzerland—(7094) Oxalic ton shipments). Hides and Wool Buying Prices, F. 0. B, Seattls has re. from %! : represent frame ot Italian se | Unfilled Tonnage eae of Steel Declines Poteraburg—Jily $—Salled, str Admiral ton, northbound. at 10:30 6m July) NEW YORK, July 10.—The state. | Suneau— July &—-Salled, ate. Queen,| Ment of the United States Steel. cor- northbound, at 1 m.:' str Admirai| poration on unfilled tonnage for PE Be bmoedi hae Stes pine da hha June, issued today, shows a de- 6.00|" Weward—July, Balled, str | crease of 595,090 tons. ‘The unfilled |tonnage on June 30 was 6,3 lagainst 6,987,361 May 310.00| southbound, at 3 a-m 122.00 cee April 30, 1 and 6,6; 192 FLOUR AND SUGAR Wholesale Prices Famtt Beet, per c drachma 1 thelr re. rian crown 4 florin jawed 5.00 207.00 00 204.00 198.00 220.00 200.00 HAX; “GRAIN AND FEED Marine National 116.00 | Attaita Hny— i ational Hank of Com 0 Straw oe $0.0677 14; | Corm—Whole, yellow, 120 ‘ National City. Heabonrd National Crm 1d food ‘meal, Barley — Ww food, 100" Seattle National 280.00 od und ground,.80's-100'— Seattle Title Trust,.., 110.00 Whole feed, 100'n Union National + 135,00 4 end round, Industrial Stocks— ting, 100" itacen eee $45 Recleaned feed, 126's Albers, ptd. 80 A sin Chop—s0'% Aero Alarm, com 1 Chick Feed L be Alanka Steamahip 90. jChick 3 MM: Carnation Milk Prod. pfd.. 101 Centennial Mill Growing Feed. Growing M Li Best Federal Telegraph Flourtng Flour Sugar owt D B 10.00 Alaxka, Foreign Exchange NEW YORK, July 9.—Fe chan Irregular deme franen ire marks, 258,000 to the 9) Automc BAS tk.00 37.00 39.00 44.00 46.00 47.00 47.00 iio | Vessels in Port at Seattle 315,00 rea erminal—Pier 41—8tr Shid- 170.00 | Suokn 1. Pler 40—Motorship Donna reid) Lane, barge Bayden. §.00| Great Northern ‘Terminal 142.00 | Maru, atr Floridian. Del Street Terminal—Deatroyera Now. 299, 401, U. 8 1. HT. Meat Pior 11-B—Bte Owexo, ate Cascade, Pler Str Rainier Pier 6—Str Quinault, str Northwestern. Pier 1—S8tr Walter Tuckenbach: Pier A—str Admiral Nicholson, Plor N—Str Admiral Farragut, motorahip Chaliamba 8. Shipping Bos B, Morse Awaaclated Ol Docke—8tr Odune Lander Street Terminal—Str Hawatian, Fast Waterway Dock & Warehouse Co at Jappa, atr Kirkpatrick. 50@ 1 100'n 00 1.00 @2. lar The forelsn d higher Flour. Cotton P, salmon, (7116 Invest in a Successful Going Business hange lin Ga smiarket ‘ f 56M, uw nae Ane, € : 4: franca, $0,058% $0.000034 ¢ Ire, $0.0426%5, up $0:00031%; marke 710 to the’ dollar r elo Str Makata piece 70'e-80'm 00 00 60 00 50 00 00 00 00 New Issues 9.00 31 ya —100'n 100'" =100'% BRITISH REVOLUTION From time immemorial thr horses have been making two and a nalf trips a f ‘we three ann, near iow The Metropolitan Edison company, which owns and operates electric light and power properties in an ex- tensive territory in Eastern Pennsyl- vania, has sold to Halsey, Stuart & Co. an additional block of $1,000,000 first and refunding mortgage geld bonds, series B, 6 per cent, due Feb- ruary 1, 1962, which they are offer: ing at 97% and interest to yield about 6.20 per cent. ile § 1 7% Cumulative Preferred Stock foor | Kee Maah—100 Cocoanut 1 Linseed Oll Meal—100's , Boyan Bean Meal 100's Alfalfa Menl100's Bone Meal—100'® . Charcoal (bardwood) Fish Meal—100'e Grit—Limestone, Bhell—Bustorn oynter, 100 cific Alanka Navtgntio Perhaps you've wondered where | Weatorn oyster, 100's ¥ conte: + \ Mixed feed, £0' g Pacific ‘ontent to op-\the old-fashioned phonograph with | Wee" cree ate | Pacttte MS) the horn has gone. The anawer ty OILS Pac. Tol Yucatan, Almost every Indian hut (Loe wetHotind “Power 696 pid has one, Nowhere is canned muale | Turpentine in dew Id Bros, con more populs |. 6-gallon cans Py) “eee id Broa, pfd t lai re nonulgs Linseed Ol flaw, In barrels wrry Flour, com. one maya. small way, mostly soourod. Corl in S-gallon cans ay well as “average |oign sorts, quotations on domestic }2! % and Latin-American Holled, in barrele the most popular records lour, pfd. Bolle Aupertor Portland Cement yc 0) gallon cans .... wools nominal. While Lead—100-1b, kegs, 100'% 100'% 100'9 da a | Bheep pelts, each Halted sheep shear, each Dry Jong hair goat wictna, 1b a DF each 1,00@ 2 Str Anna 06@ die miles 4 Colwlck oe ngland ia on the job, the possible forerunner of others all the United Kingdom makes five trips a day and eats Je than the Price $100 Per Share Redeemable at $110.00 and accrued dividends Tire & Rubber pfd Sugar ay Honolulu Plantation 54. Chas, Hi. Lilly New World Lite Northern Lite Oahu Sugar Ow! Drug, pfd Goodyear (Cal) Hawall t hair 16@ an American tractor 00 80.00 4 49.00 03:00 11.60 140,00 16.25 102.50 0.00 98.00 110,00 Gua é 89.00 & Tel 92.50 Milin (augary 25.50 40.00 95.00 97.00 0.00 91.50 60.00 45 nla 00 50.26 95.00 19.00 160.00 | 36.60 103.00 85.00 100.00 120,00 89.25 MRADE TERMS ||. so«robotton Wool Jtrade in await DS cas teed | cht weight sen: " ake |month, in the hop 4 AVERAGIN for lightweight a “Averaging” consists in buying ajback normal conditio wecurity or commodity a price ce Nae tits P| lower than that previourly paid, | grate cautiously. an )} thereby decreasing the average price. |of sates In the We his procedure in usually followed in| It ts. be Weved that ne @Pho belief that the subsequent price- | Prt cent of the reaminin tendency is more likely .v be upward | signed fihan downward, Obviously, Mill agents loca over . The entire wool Con, e opening of t end of the he demand | may bring sin the wool dent Ii Puget Sound Patte orses ridge & Dre ©o, hors 100s und Bridge & Dredging str an'a Drydock Bteamahip Me LEFT-HANDED TYPEWRITERS id Fiver seo a Turkish typewriter? It's left-handed, The keyboard has 92 touches and 46 keys, the carriage moving from left to right instead of, from right to left, as Is the case with Latin-lettered machines, Angora now requires all government communica: tions to be In Turkish, so Germany ‘and the United States are competing in the sale of such machines, Farge Gratta rings—8te Ketoht- FOSTER and KLEISER Sth Ave. und Virginia St, Senttle, Wash, Kindly send partt r garding this ntusk tor ete PHONOGRAPHS IN YUCAT ay Atream—Duoy Str Wheatland | Montana, U. 8, 8 Seattle, U. 8, 8, Maryland, U. 8 & Idaho, Winslow Marine Railway Roan, schr KV, Kruse, lam Clty, whalers Star Nos, 1 Const Schr Tetey barge Coquit- 2,3. rly thirt stock of will be con 83.00 Name ....45 The American product the market Vox trots, Street No, ., DAIRY— $9.00 91¢ 0 two or 116,00 114,09 | to. two. oF focog | Your dairy h 40,00 rosefence your pasture SHS Ay three lots and rotate ‘don those lots, Don't pasture grass short. nates ae a City, State Vv Todd Bhipyarda , Zollerbach, com,