The Seattle Star Newspaper, September 11, 1923, Page 6

| + @f $4,400,000 for Boston THE SEATTL E STAR TUES SDAY, SEPTEMBER iii 4, -. BUSINESS—Finance, Produce, Agriculture, Shipping, Real Estate, Building ,°, Wheat and Railroad Grow Together® | FALLING SHORT BUYING GROWS Rails Play Part in De insti of the West © WHEAT CROP IS | BELOW NORMAL Government Estimates a 65 Per Cent Yield This Year ‘ON Pp dea WASHIN' u condition of ng wheat tember 1 was 1 per Mal, forgoasting a product 000,000 bushels this ye ment of terday, With this ye ter wheat bushels, the combined production of Winter gnd spring wheat this AWE reach 789,000,000 bushels, the partment reported The epndition ef other September 1, and estimat Year's production, were dicted as follows: Carn, 83.3 per cent, 3,078 000,000 bushols; oats, $0.3 per cent 4,312,000,000 bushels: barley, ORNt, 199,000,000 bushe Per cent, 1,551,000,000 pounds; hay ail, $2.0 per cent tame 81,900,000 tons, wild 16,100,000 tons. he pypvailir eipps at fare tetimated by lows. All wheat. el; corn, 86.6 « 37.8 cents; b 56.2 cents; hay wild, $8.97 per RESERVE RATIO DECLINES AGAIN Labor Day Demand Ins | creases Note Circulation Sept iculture estimat r’s production of estimated 68 de crops on of this 19.5 per tabaceo, 56.6 hay mber 1 are arley cent tame, $12.71 pe ton; ton. ' Increases of $34,660,000 holdings of discounted bills and of |€ $32,500,000 “in fede reserve note | 5, Circulation, together with a reduc: | f ton of $22,900,000 in cash reserves, | are shown in the federal reserve Doard’s weekly conselidated bank | Statement, issued as at clom of business on September 5, 1923, T Feser've ratio declined from 7 76.4 per cent Larger holdings of discou are reported by in the/y d bills eing shown for tire £ Wanks of New York, Atlante, and an aregate increase | & Richmond, L. Louis and San sco, Liquid: ition of $11,40 in discounted | Pills is reported by the five remain dng banks, $5,900,009 of this amount | Tepresenting the reduction at Cleve- Chicago and | 000 le Mings of paper secured by U. Sorernment obligations increased | 2,900,000 during the week, the of $299,100,000 held on Septem: . beeeind composed of $268, 700,000 by U, B. bonds, $121,000,000 | Fy Notes and $14,400,000 4 ifieates of indebtedness, fhe usual demand for additional | ‘currency in. conmectign with the ob- | “servance of Labor day is largely | ible for the increase of 432,- | in federal reserve note eir “wulation. All federal reserve banka, | ‘except Cleveland and St. Louis, re ‘port increases in their note circ Tation, the banks at Boston, Chic : and San Franciseo, with in- of $5,400,000, $7,200,000, $3,- 900,000 and $6,500,000, respectively, iting for the greater part of total increase. Declines of $19,000,000 in gold re- _ Merves, of $3,900,000 in reserves "other than gold, and of $8,700,000 in Ronreserve cash reported for the ‘Week fre also due, in part at least, fo increased demand for currency - for holiday use. Financial Flashes From James Macfarlane & Co., 811 Second Ave. + ‘Twenty industrial stocks 92.93, an increase of .09; 20 rail stocks average $0.10, an increase of .?7. - Usual summer slackening in industry in. New York state during August was most notice- able in textile mills, sugar re- fineries and auto plants. | Steel tonnage figures are about in | line with general expectations, and |i} exerted no special influence on the steel stocks. ‘Butte & Superior passes the divi- | nd. Ford Motor Co. purchases timber tract of Charles Hebard & Sons, Inc., one of the largest “fumber concerns in Michigan, Ht now seems assured that Amer- | fean Steel Foundry will show lar, | farnings for second half of 1923 than| for first half. Russian harvest of potatoes _ and eereals exceeds that of last _ Year by 7,000,000 tors. Pullman company ha« received from Atefison, Topeka & Santa Fe| 4n order for 300 mill-end gondolas and | apo fat ¢ TRADE TERMS: PUBLIC UTILITIES © The term is applied to sedurities jasued by companies supplying elec. icity, gas, street railway service, | water, etc. To be distinguished trom | “governments,” “municipal “rails” and “industrials PUBLIC IS INVITED TO "HEAR GREELY TALK ON REFORESTATION A B. Greely, chief of the Drees States forestry serv will give an address on refor. estation and conservation ta the Vegular meeting of the Kiwanis ub, at fhe Hotel Gowman, ‘ednesday noon, In view of Ge fact that this will probably ye the only public addrews given by Mr, Greely while in Seattle, ‘Land of the widespread interest Pihe subject ia gaining, the club fia, decided to throw the meeting lypen to the public, Anybody |] intorested on the subject is invit- 1 to attend, R. ©, Kmerson, weretary of the club, stated this Sept De mand, $4. New York Stock Market}, ALL BTREBT JOL W YORK, Sept NEW Ojher Industrial loaders standard ra ebiblie Bt Pacifie = GRAIN MARKET | CLOSES LOWER CHICAGO, slumped and Se iran pi Ohicag ma elar ! negle Liverpool Grain Monday's Que pen igh od be Cash Wheat Bept. 19, higher . Chicago Car Lots Monday's Quotations Furnished by Logan & Beyen §10 Second Ave, Seattle Gratn— te. Cont. Katd. IA Wheat a ine ‘arn Ty ” Oats rt Barley nu Rye ‘ Monday's Quotations Open tiigh Low FL.08% §1.07 Loy 106% Lay Lit 55% ag Wheat ay Lard— opt Nominal . . tr, att | Chicago Berd of Trade)! me Y. Sugar and Coffee Monday's Quotations y. Raw, granulated. Rio, spot, 10 34 Ot Denver Live Stock steady effee—No. Ib.; No le atite—Heceln Bbc lower. id hel fers, He @9.25; pl sneep-citecs! ib Kitt steady to Zhe ‘higher. @ 12.40; feeder lambs, Portland Produce sil@ie Pectin Dachau NEW YORK, Bept 10.—Foreign ange opened Irregular, Sterling 2 15-1 90.0437%; Relgian frane, 40,000,000 to the dollar, ran 30,0565, Ki fire, 10.0100; 40.0168); marks, 26 et Forei Securities y's Quotations vernthes 4 Logan & Bryan 810 Second Ave., Seattle Btocke— Bid A Russian 16: . ussian 6% Russian ae, French is, French 4s, French 5s, British 6 British ba, fat 191? 1920 1927 1929 4 Monday's Quotations 7's Quotations 410 Second Ave., eatite | Normal Value Canad Freno ne Belgian franc sSwits franc thwedien Krona 36.5 » Norway krone. .16.1 ‘Danish krone. ..18.1 ‘Austrian crown. .001 Holland florin. 29.2 <Spanlah peacta13: Liberty Bonds rad ‘Third 45. Fourth 44s. New 44s... Buying Prices, F. 0. B. Seattle by MBS 66 Dry salt cow hides, 7 Iba. up Dry flint stags or bull Scene ar by wi nidel Dry, each Green or | Wool pelts, dry. Fine, clean Medium clean Conrae, how Mohair, long, necording to ‘tne 0.61 Foreign Money Status Hides and Wool ite refined, FG rexe|: fas Pavison re Detroit ox-| 4s Freueh franc, $6,0860; 49.0460; oft Sterling, do- up| Helgian franc, 0 to the doll ta | | sked | i | 9 8 6 ¢ se 7 ote } | | | Close 99.28 | 9p 09! years an follows: Brook | Breokly« 8 Washington Ar RWVIEW buoyant tn the early debaker Bait lay Repu @ & Ohio N. Y. Stock Market Monday's Quota Furnished by Logan & Bryan $10 Becond Aye., Seattle COTTON SUPPLY FALL LUMBER *| Year’s Supply May Not Fill; Big Spurt Noted in Douglas Demand, Says Report ABHINGTON, Sept together w tocks from forelgn diminished the Augus Amerie of TICKET AGENTS Ana Assoctated Dr ped parnadall A t phe nlehem Miept Rap Redison on an automobile t ty its Pk | af treasury will map ic, Boreas Battery mous Playe iM as do pid isigzehraann Yenst, a) ee a] $8 | 10% | 3 4 64 | were rather mixed, tay | 20h inois { a Ini 204 ° 32% | 444 | Intern International Taper, Inyine Inter, Bickel Jewell, Ten pid Jones Bros. T: K. ¢. Southern Kelly Springfield Kennecott Copper, atone Tire. .-.. Lima Locomotive, Toews, Ine Mack Truck. Marland Ot! Maxwell Mc Middig States Ot! Missour! Pacific ry Ward Motors ational Cloak & Suit ¥. C. & St. I Onyx Hosiety Okla, Prod. & Retg is Hteol Packard M ane Amer. do B Pleree Arrow Producers & Kee Consolidated Republic Iron & Mtge Replogle Bteel Southern Paviti Bouthorn Ratlwa Hears Roebuck Bhell Union Oll., Standard Ol of ¢ Stromberg Carb Bludebaker ‘Texas Compa: as Pacific Timken RB _ dg pta. fA Rubbs 8, Steel dopta Vanadium A Westinghoune Blec., 60% see 4m | 13% | sh | 50% | 16% ton a4) "BAN K © LEARINGS Seattle 2 $7,268,417.02 » 2,226,392.76 Clearings | Balances ..... Portland Clearings , + 7,092,669.00 | Balances ., 1,618,653.00 Tacoma transactions JAPAN'S LUMBER TRADE *Japan is the best foreign lumber customer of the Pacific Northwest. ixports of lumber from Oregon, and Briltgh Columba increased tenfold in the tast five 1918, 60,672,222 foot; 1920, 78. feet; 1910, 39,492,861 i 478,782,519 feet; 567,036 fe 1922, 690,991,687 IMPORTS FROM JAP/ The value of merchandise import: ed into the United States fram Japan during the calendar year 1922 amounted to $954,208,198, Virtually from astern opt jean be figure 30% | Be VISIT SEATTLE Convention One hundred railway ticket ngente n route to the of the American Ticket Agents olties. {or another al train over the Gre morning On their arrival, they will uP of the hart be taken The will be t non Alaska & mahip Northwe after return automobile t 8 conclusi « delegate and Monda Rainier of 400 mday vlghtee 104 to spend 1 Seattle New 200 Million in U. S. Treasury Notes WASHINGTON, Sept. 11.— The} Ianue eptember 15. There mber 15, it was announced yes | terday. Look for Stability in Security Prices VW YORK, Sept. 1 Brokers’ | fons carried in week-end news tho sonm indi. leading corporations are conservative methodal | which would produce greater stabil. | lity to future security prices. cate that following | will be held Tucaday ‘stration in the use of headiigh Fir Orders of lumber is stea sited king 4 that loping. i has re B ine ne mills reporte week ended Aug the a heavier demew pre Douglas tr oding cag eds han been t 1 or of th lonied that for mber ate appe should a very hea lop ble to have pite the rece n over bookings of the engaged in filing lumber uld ne upp #reat Increase de cena of producti milla peeks ® re shown a nt ox mont ame orde ar and hay have not nearly rebuilt thett low and bad Party En Route to Portland '” ! oken stocks, While bu dealers find it x market mor Many yard remains restrict onary to ent and 9 frequent) that normally buy 20 or more cars at a time are not de ing so now market for mre but must come or two of one itor every day. Moy a car nea trade citles and However larger munitie prospects for farm sumption are brightening, as the a ultural communities are ing somewhat from the which the declines In wheat 1 I them. It ts n wheat wt by @ very bie crop con m int price being by & entock ¢ etive factor ie fe ria resumin, 4 forelg in, Tho holoca ubtedly reduce th mediate futur exeellent } any other cor trade tn the the Pacific Atlanti coast neat rdors are r in Japan wil und latter during the ts an unpre th that has re 4 tre a fir nd be natruction may be expected Railroads also are buying heavily more us after tt ° st shock ar ture on nd th r th 10 to » the mn at nues to come from ® recover 1 « n pedented lumber trade and there ie no dearth of special cut. ung gf coders, "rises have shown no tmportant Inch common Southern pine is high er, and various hardwoods, includin: sum, are in impreved position. : eauee during the last week, but the $20,000,000 nix |< months, “4 per cenit certificates of tendeney remains strongly upward indebtedness on & abe Ht be no further financing before |r h- A genera ton Automotive Trade anxocis evening at o'clock tn the Motor elub. | Adjust Headlights to Avoid Glare,” will be the subject of a talk by J. 1 Guiss, which will include a demo: # SEATTLE VEGETABLES Prices Pald Wholesale Dealers (The prices given are those made to re: tal} dealers by wholesalers, With a few eraronal excoptions, prices to producers | a by deducting the cont of transportatinn to Heattie and approxi mately 15% for hauling, atorage and gell- ing cont.) Beans Beeto—New, rs Dunches’ Local, new, per sack ‘abbage—Cal., per Ib.. Local, crate, 24 head . Sormtvetiow Bantam. mbers—-Loca! Letines—Looal, per ora Onlons—Pe a 08 | Peppers—Cal. bell, per Mm, Potators— Cold storage, fi Squash Tomatoes Turnipe—sack 2602.75 | FRUITS Prices Pald Wholesale Dealers Apples—Fancy DING ss + ‘ Biackhorries—Crata Llueberries—Per 1b. anae—Per Tb, Cantaloy, o—ahandard Casnbar— Ps Dromedary, Fige—Dried, ( Grape Vrait—C Graper—Malage, amall Boodiess, small lug Honey—' Btrawberrien— Rverboaring < Watermelon—Per Ib, NUTS Prices Paid Wholesale Dealers fuck Lote eee Kald to Shippers joattle delives ranoh, whi + fal. Beattie ¥, O. Hh. condonaary DAIRY PRODUCTS Prices to Hetall Doalere Butler—1.coul creamery, eubua. Local pri =I roal ut oolorn ti wrapped ia ‘anch, white shell half of that amount passed thru Puget Sound, Oregon tript | Geeve 4 | Uelgian Hates. Turkeys—Fancy d. Py youn MARKETS Washington tripie Tillamook triple POULTRY AND MEATS Prices Paid by Whstomale Dealers is 1% te... Fancy dry picked 4 cents abo §. DB 2 conte above liv Live, fat, 9 to 12 Mh 4 The, and Live, fat, Roesters—Old, Hogs— Choles light ...... Panoy, heavy, 1 200 the POULTRY AND MEATS Prices Paid Wholesale Dealers Ducks—Dressed, per to. , Hens—Drossed, heavy sod, light Live, heavy, Tb, Live, Hght, 1. Brollere—Dreased, ‘por ib. gene 1 id, per Th. dressed . ty. er Th, live, ber tb, + eoarKe Medium, dren LIVE Quotations at Stockyards Cattle— Prime stoers, Medium to good Prime cowa and Calves. Bulls Hogs— +10,00@ 10, + S468 8, T4008 + .00@ a > Prime lamba . + 9.50@10, Common to choloe .. lings .. FLOUR AND SUGAR Wholesale Prices Flour—Local blend: HAY, GRAIN AND FEED Ifa Hay—Pirnt grade Whale, Yellow, 120° ked and feed meal, 100’ Barley—Whole food, 100' Rolled and «rr Aprouting, 100’ Hone Meal Granulated ‘ Charegal (hardwood) “io ‘Winvonstn or: Block Bwisa . al meeting of the Washing ation i] 8 “How to } n- | 45 46 00 Pp rem en 98 perenne ms 6 Story of Great Northern Is One of | Agricultural Noto:, This is the third of series of stories telling about the transcontinental railroads that nerve the Puget Sound territory The stories of the Norther elfie 1 of the Chieago, Mil waukee & St. Paul have been told. This is the story of the Great Northern he present Grea had its birt: and on « over the ent e muccesnor of the n Beptembe FT a property of the Minneapolis & Manitot St, Paul & F Janus it Hi and his inten jon of the anno woific rallw ear time completed ral 1 the operating lying wholly with nt lin traf. a few miles of St in addition to river boat jement of Fe Han Northwest A radi’ 1 Minne bined rail Re rn were a Minn., and feveloped in the In 1878 the rail dt farming had been ‘orgus nad hauled 2 while the of Minnesota was reported to be 37 To By entire ptate D bushels the end of 1886 the D e road had 600 mi wan extended te th 648 mile construction railway iShip | pc in Seattle | TURSDAY sErr, WEDKmEDAY | Second igh’ see E16 Dm, 181 fh | Recon hecond Low Tide | op Mali pm, 21 o& . Weather Bureau Report TATOOBH ISLAND, Bept. Hit A, Me Vossy; wind northeas!, 30 miles an WF PORT ANGELES, Bept. 11.—8 A. M— Arrived and walled, str Mystic. eee Arrivals and Departures AKRIVED—Sept. 11—Htr via Ponee, Ban . Balboa, Ban Pedro » At Hoon; str Nome a Tecoma, at 11 a, m.: ach from Beston via Be sir Horace r from Han Pedro, at 4:30 a, 1.; ie Dollar from ‘Port Alice, B, at noon, Sept. 10—Str H. F. Alex: ander from San Pedro vin Ban Franc ja 34:60 pm. a from str dna from a Ban ‘Sir President Jack- K ds fon for Manila via Yo Shanghal and Hongkong tr Griffeo for Tacoma, 10—fitr Admiral Di Everett, at ad Sept cortes via Tacoma, and Vancouver, B. Nabosna for Tacs Nome City for 1 Norwood for Alaska, Myati Bollingha coma, at 3 p.m; str at 420 p.m.) str for New York via Portland, Ban Francisoo, fan Pedro aud Balboa, at 6 P. m,; ate Buporteo for Port Newark via Willapa Harbor, San Francisco and Bal- bor, at 6:16 p.'m.; atr Dorothy Lucken- ach for New York vin San Franelaco, an Pedro, Balboa and Philadetphia, at 11:30 p. mj atr Kongosan Maru for Ta- coma, at $:80 p.m. Alaska Visuals Ketchikan--sept. 10—Salled, feraon, northbound, at 2:30 +a. Alameda, northbound, at 9:45 a, Seward—Sopt, 9—Halled, atr southbound, at 1 a. m, ee Vessels in Port at Seattle Smith Cove Terminal—Plor 41—Str Tyo Maru, str President Jackton. Pior 40 ftr Kongosan Maru, atr Yomet Maru, Pier U-BeHty Owego, motorship Donna Lane. Pier 7—Motorahip Anvil. jor 6—Htr dna Plor ettr Northwestern. Plier Denste MH. F. Alexander U. 8 Shipping Hoard Moor(ngs—Str Anna B, Moras, ater West Nilus, ate Weat Jester, Atlantio Atroet erminale-Bir Bteelmak- er, atr Santa Co Btacy Stroct ‘rormindi—Motorahtp Call- fornian. San Juan Fishing Dock—Str Tekum, | Boller Worke—U, (3 atr Jot- m.; ate ™, Alaska, Ocean Terminal—-Motorship Termipal—Ship Benj, F ay Dock & Warehouse Co— “Terminal—Str Ad- at Friend, ate nd Bridge & Dredging Co,—str i dt Dock & Warehoune (Fish. Drummond Co Motorehip Frank Lynoh: 4 inet Company8hip Abner Coburn, wip Ortental, Colinan Craosote WorktSte Fred Bax tor, Wont Heattlo Blevator--Str Nolfast Maru, Hoffern « Deydookerttr Rainier, bark Huswel Haveside, bark Gratin Stroam-—Ruoy N Str Madison. Winslow Marine Rattway, mehr Tetay Troms, neler Spokana, sehr Camano, barge Coquitlam Clty, ate Yosemite, nohe IK. ¥, kruse, whalers Btar Now 1, 16, }Bt 163,000 bushels of | rop | News’ || very difficult, ||all @ man could travel. ||out food when he reached the end !|of the journey, and after resting and President | , | $6,453,687, nearly two million dollars _ Development BM Some e finan be undernto known that Western North Da und all of Northern Montana sside of Indian lands where no was permitted, and the rking force consisted of over 8,000] nd 3,300 teams, 0} pousand hundred and forty miles of new were adde to the system in this} i 4 when it men FALO BONES AND “HILL'S FOLLY” Mr, Hill said of this year and hard summer's work at many people called it my folly burdep at that time to be Liclsed with a small degree of honpitality, Money was not so plen- tiful. Our country was newer, and our ability to handle our enterprise |greatly limited. After the road was |@nished to Helena, it was five years [before It earned « dollar toward pay Jing returns on the capital invested. I remember an unfriendly critic magazine in East said the : the country produced was and when they wer of the country the left to haul and it “It was in the only A © | ston to the Indians.” Montana lines handled over 0 bushels of wheat fn 1922 the year 1890 the system had | pleted showed with a total) carried 426,830 In this | 935,930 year Mr, Hill determined to construct | pounds of flour, 11,000 pounds |srown to 3,030 milea, ‘ ital stock of $105,735,000. h ter own to the Pacific Coast, ting at Seattle, thru a region uninhabited and where not even a single mile was penetrated by |@ wagon road and for over 200 miles | not even the semblance of a trail. Over 400 miles of the distance was |eog thru heavy forest, in many portions | of which fallen trees made travel Five miles a day was line | The chief engineer in a report mentioned the experience of an as- |sistant who started with six days’ |food on his back to recounoiter 35 | miles near the summit of the Rocky |mountains. He was four days with- regaining his strength, returned over | August High Month in Alaskan Exports Alaskan reports for the month of August were tho largest of any month this year, according to sta- tistics Just issued by John C, Me- Bride, collector of customs at Ju. neau. The total for the month was higher than the second mofth in importance, which was July, with exports of $4,684,000, Canned sal- mon accounted for about two-thirds of the total. (Row Cororaton OLYMPIA, Bept. 11.—The following articles of tncorporation have been filed in the office of the secretary of sti eneral Discount & Mortgage corpo! tion, Seattle, $100,000 preferred and $600 common, ©, C, Pierce, A. E. Pierce and ©. A. Ouplictte. oSVBdby Transit Oo., Oak Fiarhee, $16,- A. H. Garrison and Geo. C. May- he s Longview Furniture Co, $5,000. Joy Hirschman, Howard W. ders and Stella Sanders. Opera Court Bocial club, Tacoma, no capital stock, Carl Roselent, Ernest Lavorint and Q, nell, John D, Hamilton Co. 900. John D. amilton, and Edwin Gregory. buy, sell, pack and deal in candy, , crdekers, cakes, ote. Northwestern Products corpora- Chehalis, $60,000, Frank B, Fred- erick, Pory A, Farquharson and Horace R. Martin, To manufacture, well and deal in soaps, tollet articles, sto. Braley Motor Co, Centralia, $10,000. Henry ©, Braley and Tobert Ro Rankin, Sears Roebuck & Co., New York, N. Y., increasing atock $40,000,000 to $116,000,- 000. Longview, San- Tacoma, $15,- B. Hamilton To manufacture, | bis- tion, Filed at Olympla 8 United Balen comps Vera Schoen and Ri and sell or lease and operate any and all kinda of yendling machines and ap- pliances, eto, Meets-A-Nood Manufacturing company, Beattlo, $50,000, James F. Hiatt, Guy C, N. Dickey. To buy, Ke, Morten: real estate, to hold truat, ete. North Puyallvy Warehou Puyallup, $25,000. 1, Bmery, eal & Loteon, Lim Fairhaven, Deoree of dissolution, $160,000, J. ¥, Croken, 2804 B. Cherry, frame reat- ence 41x34, $3,000, qua Spencer, frame 140x126, $13, ‘Tom Thompaon, 2306 vith &., frame reat. dence 24x14, $1.00 Otis M. Dolo; dence, alt Mrs, Gus $3,000. Univoraity of Washington, fireproof foun- dution 200x654, $3.5 Leanoe Liberty Mualo Co. 1816 Hirst ave, Iteration, $2,600, masonry butlding T. Orndab 4918 S8th, frame residence it Shell Co, hy Cxgori Shell bldg, frame tation 16x12, $9) P. Munael, then Mien a Wa frame ronide x18, $1,900, Washington tron Works, asa Above: A Great Northe demon of power in the ve early nineties. Below: Jame 'J. Hill, founder of the road, and for many years the ow standing character in Wes ern railroad development. the route, being away 20 days making the journey of 70 miles. WORK STARTS ON | PACIFIC EXTENSION Active work on the Pacific exten was started in August, 18 and the 834 miles from Pacific Jui tion to Everett was completed January 6, 1893, Tho first annual |report after the extension was com that the extension pounds of whea of oats, | 1,385 fc an pounds tle, logs. By 1895 the tonnage of lumber had increased to a half billion poum and by 1900 to almost a billion & half pounds, with over 15,000,000, 009 pounds in 1922. The origina) financing eific extension was cover in a bal ‘issue of 6,000,000 pounds sterti bought solely on faith 4n the found of the Great Northern. This extena sion was made during the years im- mediately preceding the report of the interstate commerce commission, im which the following statement was made: “Never in the history of transportation in the United States has such a large percentage of the railway mileage been under the con trol of receiverships as on. June 1894. There were on that date 1 railroads in the hands of receiv * * © the mileage of these defaulte ~ ing companies wag 40,818. The.total capitalization of these reads was about _ $2,500,000." AGRICULTURE DEVELOPED RAPIDLY The rapid development of agricul- ture in the new West can be realized by a review of the grain tonnage in the territory. Figures have already been given for the first years for Minnesota. In North Dakota farm development began about 1880. By 4890 her population reached 191,000, and by 1900 had almost doubled, al-. most doubling again in the next de cade, and the farm wealth of both Minnesota and North Dakota grow- ing from less than $250,000,000 in 1880 to over $5,600,000,000 by 1920, In 1890 Montana had about 143,000 people and in 1900 about 100,000 more. In the succeeding years dur ing the time farm development be+ came well established along the Great Northern, transforming the entire region to farms and ranches, the population doubled the 1900 fige ure, reaching 646,872 In 1920. Dure ing this time grain shipments in creased more than 1,000 per cent, from 2,000,000 bushels In 1900 to over 27,000,000 in 1922, over the Great Northern alone, Upon the advent ‘of the Hill IM into Washington, state settlement received a stimulus which rapid developed the northeastern part § the state and the Big Bend farmit region, whence in 10 years 5,000, bushels of grain were transported: Grain shipments continued to grow: until the banner year of 1916, over 10,000,000 bushels were transported, t 77,000,000 pounds of lumber y| SEES BIG GROWTH IN WASHINGTON FRUIT During this time the acccunine wealth of Wa $00,000,000 in 1910, and over $1,000,000,000 in 1920. |The number of farms increased from: 18,000 in 1890. to over 66,000 in 1930, The Unparallelled developm oe fruit growing in Washington this short period of time placed state first in the production of mercial apples, Fruit shipmenti the Great Northern grew from carloads in 1902 to, 800 cars in over 4,000 cars in 1912, 11,000 in 1919, and over 17,000 cars in 1928, Only a small portion of the fruit traffic of tho line originates outs of Washington state, ¥ Tho large increase of investment from the original capitalization o& $31,000,000 in 1879 to ovor $600,000,¢ 000 in 1923 was required to meet the transportation needs of the terri itor in the six great states of the sort West served by the present lines. I! Js only necessary to take Into sideration the tremendous incr agricultural values in Minnesof North Dakota, Montana and Wash> ington from less than $800,000,000 In 1880 to a grand total above $7,000,+ 000,000 in 1920 to understand the Big 1800 Sixth 8, mill power howe 11IKKS, $6,000, Wins Hainwater, 108 Weatlake” Ny frame realdence 28x26, $1,500, inoroase in investment by the rail youds of the Pacific Northwest,