The Seattle Star Newspaper, July 17, 1923, Page 17

SEE SHORTAGE [New York Stock Market new ron du the setive and trreqular today, ov OF FARM HELP Eastern Washington in Need |ingtrc'star tas Opente of 10,000 Extra Men = [fi of. Sinan ST \, off SPOKANE, July 11—A shortage ‘4 * mea to harvest the big crop that te Dow in sight ts reported by A. A Lewin, chairman of the harvest Mabor committee of the Spokane wr of Commerce. He bas the state college te cooperate im helping the farmers to get in thelr grain and bay, The college ¥. M. © A. employnrent burean hae Biready sent out every available Taam, and tho a few awre may be Teleseed at the close of summer geeaion, to twip farmers close about Paliman, they probably will not be @pough to meet the demand for Jabor. “Henator Wilmer of Rosalia esti oo Soe Seen oe Fontes that it will require 10,000 ex: | seagthy sage Pg veo he fm men txtween now and Aucust| uw te @dequately hanale the crope | With lower prices ta ah yan tn Ww jecei pte fm the grain belt.” says Lewis, “We mary mar Fe arransing for a central agency Sagal Rere whereby thow desising emp Gent can be put tn touch with &/). caining rapidiy Geb with the least delay and ©) nespit pemee. Inquiries will be handled | broke « Bnd registration made at the Spo- Pres : ve late be kane Chamber of Commerce.” } det Tm Pullman, Prof. HE Phetps | tha bullial Thaw been selected by Federal Dé pin a matron Teeter W. C. Carpenter of the U. B. [aed off fre in aympathy Beparonent ot Laer Employment |SP steer’ Magehy oF bea Service, stationed ia the federal |des Sena Dutding at, Spokane, to represent Tevte ‘ he Reeds of farmers aud harvesters | 7™MPAAY WIE Bow tm this district. CHICAGO, July 1¢—Grain prices closed irregular on the Chicago board of trade today, oats hitting: new low flicures om the erop and corn advancing fraction: ally near the close Selling © on tn wheat In all cor { the trade. collent crop Kets and the movement among the ‘oa te showed Une wid IS IRREGULAR : wheat and) tly higher tn | JOURNAL FINA he opening oft r anger being limited N. Y, Stock Market * Renter's ectetions Furmished by Logan & lryan + BA Recaud Ave. Renttie Btork Ametisan Teheces Alt duit & WE Allied Chemiral . Atiantic Coast Line lerop in the Bouthwest was said to seme Nite be: Mdwin Lave. be Potts mi Chleage Mie @ mt. Fy ue Chi . nh i fluctuation, b: Loca Markets VEGETANL ES (The prices ' Lawal, | Parstey-—Loe., deb ines. bunches 34 | Gress. Fees Potatoes LER | Cold storage, taney sie] Common cold storage New, per tb Per fh Lewal, dee, bumehes t3y | Mbsbarb-cLoral, por'fe ne 6455 | Matabngme Her sek Lib | RvlRSEm teen), mew, ere 114 | Temetore—cowihern, lug Leesk per & Termipe— Owe unehes rein Tellew Newtons Cantaboapee @iaedard | Comntene = Pee Prices Pald Wholesale Deaters mT) one Prices Feld Wheleesle Destere i ‘yEinancial Flashes “From James Macfariane & Co. SIL Second Ave. Creeibie Meet <u, 1% Cube Cane Berar pa ty [Coben Amer dager. 31 PRG, a0 advance of .33; 20 raitroad |yury, m¥erage 19.20, an advance of; ine tna 1100 Nomina! a Cash Wheat CHICAGO, Jul 4 “ee! ~ [Putiman company declared rewular Nod red We. No hte aI “@uarterty dividend of $2 per share, |)? %e: No} hard, dQ @ >? Payable August 15 to stock of record |! D8r4 PFN eg duly 31. alee Grain Whest— Open High le duty t $44 te tNd be bd fe eal Ore based te lsud te pea te Dee, tele @ at sO Be Mah Chicago ‘Ca Lots traffic for the month (Go. for the first half of the current $5 ghows a balance after taxes to $5.12 a share with $5.7 B Corresponding period of 19: tmmpose 13 1-3 per cent import duty on tres. ‘Southern Rail ‘ef July groas income $3,733,494, | (BB Merease of $534.378 Gross carn- INEE since the first of the year show SB tmerease of $17,598.452 over cor. | Fesponding period of 1922. co | prime Piewta, « tte des. | | Kaces | Melty Mprtneress Depe: / aig! 226 [Comp Tad & Kee ™ Weatarn Blectrie Mor. Bat Endivett Jonneen Erte Lirte iret ped. |... Kestman Kodak | Geoaral Khaw Geweral Meters |Geedrten Nether 0. Ore. wtte | Greet Mow ptt Guat Beaten Menei Grande Cone General Aephalt Toth, inth, Com. time, . 0, City Rewthers | Kemeecott | Kapetons Tire | Lenten pao - MMidie Sater OFF... Mesivan Reaboers ... MK 8. [MK & F. vedo. Hissweet Pevitie pid 0 | Mer jon understeed pallet ~CAiiteenta, Nels, teney, Th he MH » ‘The United States bureau of for. eeived the following inquiries fron | Amertean woslen mills for foreign firms who wish to represent | sper: | American manufacturers in their re Spective fields. Full information will Be given to American firms on ap- Plieation to 3. H. Blalock, district | cranes med fn 4 3 the cow mand. Hh80% 2 lee, ene aiaition Bs boomed CPST marke, 115,290 to the dollar Argentina— 715% Paper. Britiah West Indies—(717) Pro Noy. Seiue asd Coffee Moeday"s Quotations Bogland—7191) Box shooks; (1117) | ME Awist Maw, 4.74; refined. quiet - Canned fruits. wpet, te th; Ne « France—7207) Canned goods, dried 1% Th and canned fruits. ie : ‘India—(7196) Chemicals, perfumery, | ships’ stores, soap, surgical instru ments. | Mexico—(7185) Corn, No. 1 and 2 | earload lots), (7145) Lard (47-pound | Scans); (7153) Wheat (hard, winter, golem 2. — (7206) Building lumber, cis poles, mahogany, spruce. Uruguay—7145) C Ory machinery, pore thete 194 The foreien exchange closed lower. erting, france, $0.0842%: ir marks, 236,300 On rer 90.0431; dollar, ™ . 073,999.50 | chsen + 6,793,092.00 | + 1,635,585.00 } Tacoma transactions Meetings | Balances . Total he Seattle Kiwanis club will; ove Maeet Wednesday noon at the Ho : sae tet Gowman. Charies J. Rockwell, Foreign Securities Pao of the School of Life In- 1 | @Orance Salesmanship, Carnegie In- S10 Sevesd Aves sect Militte of Technology, Pittsburg, will | r Bid Asked ive an addrens on “Life Insurance | 7 "4 3 | i the Fabric of Business.” Fras | Renatew | Mew tron & Btesi BOSTON, Futy If—The woot market |? fe lower than It hae been for seme time nt there te mock Glecaetion ae re- Bind domestic commerce ‘As TO] TIT, "thy prions thet wil Oc paid by tne Puliman Pel One Punta Allegre tee | Pacitie ¢ jacere Refinere we Ietand Reval Deion Kapionte Steet Reynole Tab “Hi Rests Hoeboe’., Sinclair Cone. Heothers Pacific |. Southern Railway... Keathers Fy. pa Rtewart Warner Mrombarg Cah [Rtetehekar Cor eae ae ea ndart Ol Cabit. | Rwetty On | | Transcontinental Of Tr ‘al & OT Tetras Gulf Sulphur Timken Union Pasifie Cast Irom Pipe 14% Foreign Money Status Monitay's Qnatatione Furniehed hy Logan MO Kecond Ave, Heattle Present rales Normal value 1.90... 4... Canadian Per erate Raspiner rien Pineapple ise cane Finme Brew bervtee Magne Marenaite 1 | Wetermetem Fer | Vebieinee— ter tee NOTTS Privse Pelt Whotevsle Deniers | noch Late 28%) | Alewrnde than par Be ne 1h” |Pesnate¥a. per ee, 18 | Peenee— ter 164 | Mined Noten rer Bm 18% | Watente-Cal. ee i per Jumbo, tetited, por Yarey tobtet, gar & DAIRY PRODUCTS Friews Pela te Shippers Pettertas— ate, onthe Gathvery me ramet, white ehell, ban seattie exoty ¥. 0 2 eomdensary DAY PRopUcTSs Prices te Hetatl Deskers | Petter Lowel er eameery Lawat prints, wrageet Freck reaek, © us Bieed owe. ober trtptew Wircmmats ereaan bebem Rince Beton Wash, triplets Tilamenk tripteta alt LI and Rate, per Cagene Live, tat, per 3. tM te 4 Be = ie 2% Panes ary picked 4 erm <4 tem and 110 | Tarkepe—- Maney 4 p. H18 Mo, 5% | hive, Get. per Fm, U1" | Reseters—Obd, Live, per Be Faney Medt Fancy bene 1 Metioos heary, TATED the. POULTRY AND MEATS Prices Pald Wheteeale Desters ee ee £5 | Heme—Dreneet, heavy 92 | Pirensed. itethe 46%) Live, Beary ms Live, Thaht, & 1) | Pestiers— 1071, pee Mo 99% | Grese—-Deeesed, per Bs. $i | Terkere—Paney, dremved use Live, teaey, ™& 2 | Relea Maree tive per 42% | Dressed. per Pe 18 | Come-Couniry dressed, LL, $2 Hoge Paney beck VeulFaney, Hat . Heavy, contes Mediam, dreesed . LIVE STOCK Qaetations at Meckrarde — the un oe th4 en Prime Jambe .... Semmen to theice FLOt mn AND ‘st Gan Wholesale Prices Floar—Family nes POULTHY AND MEATS Dealers ne 1) nal Hy | | Building Permits ; EATILS 8 BUSINESS—Finance, Produce, Agriculture, Shipping, Real NATION SLOWS UP IN BUILDING Eastern and Pacific Coast States Show Only Gains the first cent ahead Butiding permite issued the United Mates during halt of 1923 were 24.6 pe of the same period tn 1922. Permits iesued in June this year, however were ouly 2.8 per cent ahead of the volume laeved in June, 1922, and Were 10 per cent lees than in May of this year ‘These figures, which Indicate « Mowing up of building activities ss compared with the unprecedented de velopments of the earlier months of | the year, are based on official lturna made to #, W. | from 226 prinetpal cities and towna. . 14 and 6.3 per or May, 1923. The Central malned 47 per cent for the half-year period, but in June showed 4 lows of 8,7 per cent from June, 1972, and & toms of 31.4 per cont as com pared with May this year, The | Bouthern states gained 45.6 per cent during the firet half of this year, but in June bo cyt, pared with Jun and declined [24.7 per cent from May thie year |The Pacific Comet states gained 624 | per cent for the firet six montha of thie year, ‘Their permite in June © 82.1 per cent ahead of June, and } per cont hhead of May | ths ie year, ‘The 225 cities reported total build the permite for the first x months thie year of 01,704,642.084, compared je O1,260.276, 200 for the first 1 | months of 192%, the i 74 In theme ett }}| mite amounting to $250,969.452 were % | Issued in June this year, which com pared with $245,249,037 for June ) 1928, « gain of 516, but a lone Fr cent over June ‘ oh | Of 024,993,071 an compared with May. i “ ] u White tn June io | Gency toward more conservative ae fh | tivities Uhruout the country, this wae | tar from the case in New York city S| which not only enined 091 Ti £1. per cent during the first halt of the year, bul showed « gain over [May this year of $17,462,219, or 43.7) per cent, and an increase of 07.998. 1434, or 14 per cent ever June inet year, Permits tesued in New York for June were 7,383,003, and for six ment Of the fathonal mowthiy : 196 showed gaine over Juna 19 2 es over May thin year, and tas owed gaine for the fire | monthe of 192%, compared to 19 Metal Trade Shows Signs of Reviva MEW YORK, July 11-—The De gineering and Mining Journald*ress, in He current weekly lewwe mab thete te Tiget hat, but te 2 meet ents are buying very cautirusty. Kine and copper prices are somewhat improved, but lead has dectined quite vislently owing te the poticy deckted upen by the leading pr has held steady Copper haa bern obtainable until erday at the 14% conte delivered Which wae men 4 in the wport of last week. fiales « that Jewel were yulficient (o absorb ol! that sellers at that price had fo diepose of, wo that, unless mare of the cheap lots appear, the price is Hkely to ascend raphy | te the IScent level quoted by mont | [ot the selling asmencion 16) The expert demand has been alight. | ty better thie week (han beet, and | London prices have held up well, much better than be: | reas bae picked up some retal “ TENDER Hse fa Th Mihate FF FIN, slteretion rest. | Genes, V840. ‘Thee Mulvinill, 1918 Lakeview bide. gar 2015 18th A, alteration is eas tty & WL 14 aatition Straus & Co. | sertoultural |A moderate tahor surplus; an elim ee 5 eee! STOCK PRICES WILL BE LOW Trade Conditions Must Get on Sounder Footing Moody's Weekly Keview of Finan cial Conditions, in its eurrent issue says in part Numerous arguments that buat nese te in & sound condition epring no doubt from the feeling on the part of financiers that the pubite needs to be reassured. fuch rees surance, however, in order to be con Vineing, will probably have to come ultimately from lower operating rm tos, more moderate labor costa, firmer commodity prices, a better outlook, more depend able mareing of profit, and greater stability in the prices of securitios. The argument that counts with the typical lovestor and business man tw jthe ene that shows tn bis own bab ence ah “In the past whenever « bear movement comparable to this one followed several months of so-called ‘distribution’ —noe bull movement sub |eequently began until after the stock |market had dragged on bottom some time, and trade conditions had been placed upon « sounder footing, These soundners invariably were ination of exitevaganoe denoted by emailer freight ear loadings and re duced steel consumption; a higher geners) degree of Insdtrency denoted by numerous failures of weak com corps; and & moderate amount of erneral liquidation Indicated by & fall in bank exchanges. "The avernge price of capital, or yield of new investment imeues for the second quarter of 1973 wae 642 per cent, seainet 606 per cent for the first quarter, and 1.04 per cent for Uhe first half of 3921, for @) moderate further rise in’ the price of capital running the greater part of « year,” Dairymen Complete Production Records YRIDAY HANBOR, July 1 We look Fittyfour dairymen of the county | Gects the usual return Sow of our- | Purope — Great Britain, |eompleted records on 344 cows for the year, It was found that the cows averaged £434 pounds of mifk and/ TTS pounds of butter fat for the year’s time County Agent W. W Henry figured 1 cost $1464 to feed a cow for a year, Grocers Plan for Big Annual Picnic The ® | attle Metall Grocers’ aesoctation wi le held Wednesday oft Mall's lake. All Heattle grocers will chose up shop end ettend with their families, No merous contests have been arranged by the committes, sod many primes have been proviMed for the winners Ship y News! le Je | TemeDar WHON RD AT Weather Bureau Report | ety ht & om wind sown, © Mr Panernas Estate, Building °.° RESERVE RATIO Gold Reserves Increase at End of Three- Week Drop Net Hauidation ‘ae $42,600,000 of Aincounted bilie and of $12,600,000 of acceptances purchased in open market, ae egainet an increase of 14,- £00,000 tn guverninent security bold- ings, is shown tn the federal reserve board's weekly consolidated bank statement insued as at clone of bual- ners on July 14, 1928. Deposit Ma- bilities declined by $24,000,000 and federal reserve pote circulation by 116,900,000. Cash reserves show an increare of $10,200,000 and the r serve ratio rose from 144 to 764 per cont wmalier bills ere shown for all reserve banks, except those at and fan Francisco, Liquidation of discounted paper was largest at the New York, #t. Louis and Philadelphia banks, while the largest inerease in the holdings ef dissounted paper te shown for the flan Franelaoo bank, Vollowing substantial decreases for hy wuccessive weeks, the show an increase for the past week in their gold reserves of $11,700,000 Larger gold reserves are reported by seven reserve banka, Cleveland show ing the largest increase for the week, amounting (o $8,800,000. The gold movement thru the settlement fund was away from New York city, the looal reserve bank reporting a de- crease of over 06,090.000 tn tr« total wold reserves, nothwithstanding the GOES UP AGAIN banks | corporation's mill EIGHT-HOUR DAY IS NOT IN SIGHT Steel Mills Claim Labor Is Unobtainable NEW YORK, July 17—Tepors that the 12-hour day tn the steel in Gustry will be abandoned within six weeks are premature, according to Dow Jones & Co, financial news agency. Mestimates that shout 66,000 men will be required to effect a shitt to the eight-hour day render wuch « move unlikely in the presen condi- tion of the labor market, it ts pointed out. ‘The estimate ts based on a state ment attributed to @ director of the American Iron & Steel institute, | which says: holdings of dlecounted | “The i2hour fay cannct be aba. ithed unless and until there ls suffl Minneapolis, Dallas | clent labor—eufficient in numbers to permit it, The industry might start it within etx weeks, but yw long it will take to finish M, no one can tell at this time because no one can my what the surplus of labor will be.” Heliable estimat are that about 25 per cent of the men in the sted are now on « it hour day and it been reported that Use corporation would begin to reduce thie number within 36 days and continue to reduce as rapidly as labor gonditions would permit. ‘The corporation employs approx mately 249,000 men, indicating that | 090 are at present working on the | 12-hour shift It will require around 000 additional men to establish the eight-hour day thruout the cor. considerable addition of gold to it*|poration’s mills, and of these 30,000 vault coserve. fan Francieco reports | large Bomber miust be skilled & decreane of 14,900,000 in tts gold | workmen. Temeryes, and sinaller decreases ag-| $¢ ip aid to be tmponeible to ob- sregating over $1,000,000 are shown tain this number of men within six 4 annual plonic of the Be} Miah Tide | Pion te for the Horton, Minnexpolis and Dal- las banka Reserve cash other than gold de lined by $1,400,000 while non-reserve cash ehows an increase of -21,600,000 ‘This Increace, toxether with the net Increase of $1 Of 000 In teeerve cash and the reduction of $16,906,000 in | tederat Teeerve note circulation re- Treacy following the July holiday. Mol4ing of paper secured by gor~ ernment obtigations declined during the week from $ | 900.000, OF the total hold on July 11 240,500,600, oF 87.3 per cent, were se Cured by United States bonds, $1 306,090, or TBAT per cent, by treasury | Rotem and $17,100,000, or 41 percent, certificates, compared 100,000, SIRET00.000 and O509.000 reported the week befere. China hes four times the pepuls- tion of the United States, eight times the population of all of South Amer. jee, almost the equal of the popula tion of all of Europe, and one-quar- ter of the population of the world. | The Yangtee valicy has « population fatto 180,000,000. 100,000 to $419,./ | post war Gamage ithe department weeks. ‘EUROPE BUYS FOODSTUFFS WASHINGTON, July 17-~The six industrial countries of Western Germany, [Prance, The Netheriands, Italy and | Belgium—tontinue to be the predom- inant market for American sgricul- tural products, éeapite the general done to United States trade in the European market, of commerce an- nounced today, Proportionally to their total im- ports from the United States these countfles are buying tore egricul- tural products from the United States — then they @i¢ before the war, an anatyais of world trade tn agricul tural products imeued by the depart ment showed. Before the war the proportion of agricultural products in the total American exports to these countries was 66 per cent. In 1922 the proportion rose to 77 per cent and stood at 72 per cent. English Steel Industry / | Is Peaceful Occupation Bonner Tells About Methods That Have Pre- vented Strikes for 35 Years BY MILTON BRONNER LONDON, July 11.—Over in @win- ton st. housed in a big fivestory | beset building are the officer of the jires and Beel Trades Confederation | Aa a general rule the wage rates ence made sre permanent #0 long as there is po change In the conditions, For instance, the basis rates in the | Minplate trade were made In 1574 and ¥. Alerander at |~—the one big union of the men en- |bave only been altered by an all m—Peseed tm) Mtr Kee . mm 8p miller, wind eowikwest, € miles an bewr, Pasmed tay sr These FP. Beal ot 18 er ote Atetral Dewey at te Wateom a ise pm Btwe-mast mr ciaale | in Bost at Seattle | gem S Cove Tormiadt site President |e $ Cove Terminal (0—Darge Deyden, str Wes, Nottingham. o, #418 12th ROW. alteration! Americas Cam Oo.s Terminal—@tr Med- wort. tite Terhune, €221 Fin M. W., alters. tenes, S80 TET Bed 1 garews, $408, Kroll R. Ternow, 6144 20th & W.. gurees, ms HA. Graybeat S101 Ratnler, merrr-gee Jedd Latonn, 1 918. Hanesn 1986 Feteral, earnes, 816, 1908 F Mpruce, mat heept- S412 Recond M, alteration on Lee an! Marry Kelly, (£10 Cloverdale, gareee t Mellie. 6623 Dibble X. Wee Hoda 106 W. THI, alteration eet. # 16th MW,, altere. Rrookiyn, garage 196, Rady ot. enrages, 1106. 2620 Fourth, temporary te fore, 2714 Dakota, alteration reat. 2040 Oth, wermen, | Dell #treet Terminal, & LMT. Heather, er Manttowee, str Whesten Grand Trwmk Pacific Terminale Ad- ital Kran, atr Queen Reoth Misbertee-Mtr Rapore Piet Lidiedtr Owego, 0. A OB Dell.) tot Pier G—iitr Alaska Piet LU, & H Keele No, t7. Pier Air Adiaieal tebren Piet Dette Admiral Nicholson, mtr Chat Admiral Rodman, ote Ade arn boa. Piet Dette miret Dew Conny fet Terminal—ttr Thoa P. Deal, otr . ate Robin Gray. Atiantic batt Madison. Associated Of Dock—ite Kewan: Mitwavnes Ooran Terminal—tir Grotte- Tedd Drydocka—fte Weet Nitos, atr Weat leon, ate President Harrison, ste Bante Foret Bound Trides &@ Dredging Co— ir Patterson, Netileton’s Milketite Prank Lneh, ilefferman's Deydock—#tr Redondo, bark aged in the stecl and iron trade in | Great Britain, Over 106,000 men belong to the union. And I couldn't find g hate- epot in the whole place, round advance of 26 per cent. Agree- ments are usually made to operate for 12 months certain and are then terminable by three months’ notice from either side, . ‘The intimate manner in which em- To an American used to hearing | piover and men work can be illus American trades union leaders €x-/ trated by this: Blast furnaces used j Drea their distrust or their rreansomge jof many big American employern, tt |came almost as a miracie. It cin too good to be true. Here were trades unton leaders who spoke with enthusiasm of their relations with the bosses, And it'® ho wonder—35 years without strikes jand without lockouts, | A 26-year tong habit of meeting around a table and discussing griev- jemeen: of never even talking strike jor Jockout Until ali other methods have failed, And they haven't failed. One of the things that has made for peace han been that the employ: ote bare freely recognized the right of the men to organize and have freely dealt with them thru. their unions. FORMED INTO ONE UNION One of the main difficulties was the large number of untons catering for the Industry, Bo among the men there began a campaign to amalga- mate the big unions into one still bigger, covering the entire industry. ‘This waa finally and fully accom. to be charged with material by band, | AN EXAMPLE OF ARBITRATION Then some of the more up-todate mills introduced machinery for the charging of the f The em Moyers thought the men working these machines should accept a cut of about 50 per cent in the wage. They refused. There was a round table argument. “How much did the machine cost your” asked a union offiical. “I don't wee that this enters into It," replied the employer, “Oh, But it does,” retorted the unionist. “Ry putting In operation @ costly piece of machinery, you in- crease the responsibility Of the men. For your investment and for the lightening of the men’s labor you are entitled to some reduction of the wage, but you are not entitled to all the saving. The men are entitied to some, because of the necessity of working & costly machine, don"t #ee that, we will buy the ma- chines and work them ourselves at Cane, be per ewt HAY, GRAIN AND Prep Alfalfa Har Piret © straw ; Core—Whale, yaliow. 30° Cracked and feed meal, 1060's Barley Whole teed, 1006 Rolled and around. & Noyiston NM. alteration! Grate. In Btream: Winslow Wrench. rane plished tn 1916, Aa a general rule matters of dis. ute arising now between Individual employers and thelr men are dealt with directly by the permanent local officials of the union and the em- ployer, was a compromise j whereby the men's wages were not / cut nearly as much as at first pro- Posed. AH Beattie, Rallwar—tohr Reteey Kruse. dares Coquits ATEL Sted M, carne, § lam City, whalers Btar Noa. 1, f and 3, 248 Ninth W., : cee at Alaska Vessels Mailed, July M4: Mtr [Belgium teator is. Aavertisers’“Engraving company, Paretura Yremten 4623 Seventh ave. Beattie: BE. A.|Iapances dat iis (Graber, Otto Lorch, Bert G. oshn. |J8Panene Ind 46 ime Photo engraving, half-tone and! {nite winktom: color pace o-. 68 4th WL, enteken 1 mark .00004% krona, 26.666 krone: Danish krone., | Italian Helaer Radiator & Fender works, “1015 B. Union st., Beattie; radiators, amps, fenders, auto hoods and mut see : Bremerton Iron works, 229 Second wt, Bremérton; J. A, MacGilveray; eattle Printing & Publishing Co., 120 W. Roy st., Beattie; A. E. Kern, ‘Hay L. Smitz; job printing and pub. “Meations. TRADE TERMS BOOK VALUE The %o0k yalue of a necurity in the tetal amount of its company’s annota, | Ms indicated by the balance sheet, for any clans of capitatiza- After all prior claims have been | for, The book value of atock ta mont frequently re- ferred to, and it ts generally ex. | Premed in terma “per share.” frop Dy erty in nino maid to have ® book value, Meaning the amount at which it iw Carried qn the books, Austrian vrown, 0014 the | oiolied and gros 40.20 cta.,.. Holland florin, 39.38 uta 19.60 ta... Rumanian lel. ..6.94 1040 cta,...Bpaniah pereta.t4.d Liberty Bonds Portind. aa, Mondny’s Quotations | Natter—18 VA 9g Th. 20@2%0 doz: rame—Huying prices, @tke dos. @ Me ib @ te Ih untry, selling price, how: wo tb; dairy atuff te topa (about 89 to 100 1 1b; lamba, 176 206 6 Ib. H USE CLOVER IN oncHaRns | Perl tts YAKIMA, Wash~-Sweet clover na| Sond, 14a A cover crop in the orchards ia ro.| Fourth ts cetvirig considerable attention in the| New 4%, Yakima valley, according to a recent | report made by County Agent A. B. Lovett. One orchard In which the} clover wan grown for four years In comparison with alfalfa shows decid. edly favorable resulta, 1 the nitro. gen is supplied as readily with the woot clover an it in with the alfalfa, there ure two things in Ita favor: Firat, !t crontes a looser no lows much better iain: anes oon jone eaeilng wie the dopanarnet jond, thru the decay of ita roots, bl ar’ Stee ences tela ennally it Is adding much more hue Of tal axporte taal week wate &. mus to the roll than does Seem Ear +4 IPL nN tam, nT LA ogo pw fot pushola for the weele ending July. 1, Detailed 1 fh China tw larger in area than the] the weak’ ju say erded Wollewser “ne United sta Mexico and Contraf”,)arie: ‘oot iy rite, bushelai ited hal i} tye, America combined, Mieobey tigur, 16i400 barrsig WASHINGTON, 16) Becond tn 98.09 | DROP HEAVILY," Joxported Inmt waek were tore than | Begallon om White Lewd. Hotied and * 100.12 Cocoanut Meat Cottonseed Ment Kalion ane 4, in by If Ford im elected president it will be the second time that a rough rider fhus held down the job, saya The Yorm Journal, (lacat Market) July 16—Gratne | Tarpentinn--tn deuma tegallon cane . Linseed Oit—tlaw, in \ barrele ‘ 100-1, kom SW e-100e .. e 2 > N., addition #19 Fourth N. Ww. . store 60x Halnier ave, frame pa- $0 frame k hotel, frame Solumbta, Kidd, 1503 IHowe bid donee 14N84, 16,200 JH. Nolo, 6410 Toth N, B,, Aence 20484, $3,200, K Hor, 9876 4eth &. W., denes M1n28, 44,00 W. % Kerr, 1108 Mor Genee 1227, ty, 000, frame real: frame re frame newt: is bide, frame reat. The Yangtze delta, \ with “an area about equal to the state of Titnoln, hag ®& population of 40,000,000,.or 400 to the nquare mils, northbound, at 6:90.pum, ee Arrivals and Departures ED—July 16. hs and Yokohama at 4:18 a. m from New York via Neato and porte at 6 Routhesatern Al via Philadelphia and port Madison from New Or Late Kobin Gray from Vancour 2. at 1 & om) ate Thoe Pp, orton via New York and po July Molt Lake Fre T, Meather for crut \iootttr Take Frances for Ban Pedro at 216 ow. tr Lake Oayuve for fan Pedro at 6:80 ao mi wt LA Neen for Aan Froncisco at 116 a. mi.) ate Manta 1 nee for Ban Pedro via Rverett at 211 Mtr Alaskan for Treoma at m! nm Pia for Mehmond vie ma {been very few disputes If no agreement ts reached a neu: tral committes, conalsting of two employers and two workmen, repre- renting Works not concerned In the differences, take up the question, This committee has the assistance | of an official from each side, Falk Ing agreement the matter is referred to a conference between the employ: [or association and the big union, | And if thia doesn't settle it the min. |teter of labor names an arbitration board, The members of thin are drawn from panels consisting of equal num. other Industries, But there have that have fone that far, And in both sides have loyally accepted the Verdict rendered, TONNAGE COUNTS: IN MEN'S WAGES The greater part of the British stool industry han the wages regu: lated by aliding scales on selling prices, The mon are mainly paid by tonnake, but in some instances by plecework, In both cases they have a direct Interest In production and it te claimed the steel mills of Britain have far leas noed for super. vivors and foremen than in America, bers of workmen and employers in| ery cane | Foster —COMPAN Y Inyest in a Successful Going Business 7% Cumulative Preferred Stock ‘Three times the aum required te pr: aividenda om. on tne pre- fer stock has been carned eon oom average dur! nat twenty years whom in prorated fo volume ef basl~ neas Price $100 Per Share Redeemable at $110.00 and accrued dividends POSTER and KLEISER Sth Ave. and Virginin St, Seattle, W: Kindly cond particulars re- warding this stock to: NAMO vo cccerectereseeeeseweee Street No. vieescees City, State vase v