The Seattle Star Newspaper, October 5, 1923, Page 22

THE SEATT LE STAR PHKIDAY, OUiGiivis -. BUSINESS—Finance, Produce, Agriculture, Shipping, Real Estate, Building .°, T0 INVESTIGATE Fair Tariff League Is JAPAN BUILDING Against Duties on Wool Will Study “How Quakes Effect Modern Structures Homer M. Hadley, well known Se. # attle structural engin & Japan Friday to investigate the effect © of tho earthquake on modern build %. Hadley the Portland Cement association, in Charge of its Seattle office, and will make an extensive survey of the con grote structures that have been erect ed in that country nt years “T expect to iret at the real facts t of future building S tadiey saic. “It would from the reports received so far that prac i tically every kind of Bave reinforced concrete was = severely damaged or totally , Will sail for is district engineer of ' g 3 MEST ECTS 1? 2 seem constr on elt af destroy: 3 “The Imperial hotel at Tokyo, de. Signed by Frank Lloyd Wrig . of America's most famous architects, was of concrete con n has as @ mont » and hunc of homeless are be ded fi it with perfectly m At the time of the con the Imperial hotel, Mr, the subject of severe some of his fellow ar > noter's remarkable withstanding mo: © shocks may write a new chapter in ® engineering annals. Some of the tall- est concrete structures in the world re located in Japan. Considerable | p interest is manifested as to how sev. HH ‘eral concrete chimneys and radio tow- | @rs—siendir spires of reinforced con- Grete reaching up in the alr from 500 to 800 feet—have come thru the or. | deal that devastated thousands of low ‘quake proof’ structures peculiar to that country. Mr. Hadiey is a specialist in rein- forced concrete construction, and Pmuch of his work has been done on| the Pacific coast. He has been con ected with some of the best known | @ngineering firms of Seattle and was Mructural engineer for the Seattl criticisms from nitects, and the performance 2 than 1,000 severe SDSS CHE ERATE ae Financial Flashes From James Macfarlane & Co, B11 Second Ave. | ‘Twenty Industrial stocks average an increase of 2.36; 20 rail average $0.13, an increase September production of motor | - €ars and trucks was 328,748 as = Crude oll production in United Btates for the week ended Septem- ber ‘& decrease of 22,450 from preceding are in strong lending po- 3 Says that the advance in of crops more than oft- Sets decrease in output. & Ohio are in the mar. for 1,000 box cars and 400 gon- cars. Union Pacific and Southern Pacific were reported Wednes- day as contemplating 1,800 cars its 1924 rail orders for 200,000 4 within few days. This road also contemplates buying some 1,5 and will build a number in its shops. Raw silk advanced another 70 yen ($35) today on Yokohama market. ‘The advance in motors was stimu- Tated by \¢marks of the president General Motors, who stated all nts were working at capacity and | demand is such as to insure the sale m Of the entire output. ~ Mercantile Trust of San Fran- cisco estimates Japanese earth- quake liss at $1,500,000,000 to - $3,000,000,000. Wells started in California oil fields in week ended September 29 total 33, versus 2% previous week. Frank H. Alfred, president of Pere Marquette railway, went on record | yesterday as predicting that 1923 | traffic would be the heaviest ‘in| history of the system. The foreign trade bureau of the Beattle Chamber of Commerce has Feceived the following inquiries in the foreign trade field, information| PB) concerning which may be obtained ¥ at the bureau: (1353}—Firm in England asks for FAS quotations on fresh apples. @1354)—Firm in Japan requires fir Squares and assorted lumber. (1355)—Safety matches. M turers in Stockholm desire G356)—Importer in ‘Japan = to buy shirts, socks, household ar- im ticles, kitchen utensils, etc. @ (1857)—Trade information bureau | Sa in Hongkong offers, for compensa- tion, confidential market reports. (2259)—European exporter of ath- & letic goods and games, desires Seattle connection. (1360)—Manufacturer of instruments in Germany Names of reliable agents. (1361)—European manufacturer of "eement Mosaic tiles, cement colors, I ete., desires Seattle connection, (1362)}--European manufacturer of combination plyers and screwdrivers ‘wants connection. / 4263)—Manutfacturer envelopes desires agent. (1364)—Table cloths, linen goods, hand made embroideries manuta fe tured in Germany. Connection = wanted. (1365)—Christmags decorations. Manufacturer desires connection. wants | musical | asks for of window TRADE TERMS FIVE-TWENTIES A “fivetwenty” is a bond due in 20 years, but subject to redemption and its} | effective, but as the aggres |congress yesterday, lc laim Is Made That P rotection Gives More to | Profi ts Than to Wages RY JOHN CARSON | WASHING IN, Oct 5, — Wool cloth this winter will be about 20 per cent b r than last year, wt to than $2 an Woolen Co of 11 per cent and another cont since the Fordney r tarift bill be York buyers say atan mately 20 per cent ov Cause for the tn attributed by, the woolwn comp the tariff, Raw wool prices creased tremendously | Gooding of Idaho ar | Wyoming and other large ers have benefited. WOOL TARIFF COSTLY TO CONSUMER Showing what the woo! tariff does . the Fair Taritt k quotes government sta that the Fordney M will give wool manu acturers a tariff profit this year of $57 at the of 1919 gave them $265,000,000 }iff of 1914 gave them $192 Labor gets very little of this. } Labor got about every dollar collected by manufacturers in 1919. The jing 84 cents went for raw dividends on money great excess profits, Labor got an increase of 12% per bill became ate prices n Increases ¢ 8 of more of American mean consume the Amer tion quoted by shows one lvance of 13. pe MeCumt New ame effect thelr advance of ay Inst ive tig t year ease in price bx ny to have in and Senators Warren’ of wool grow }to consum: ¢ New Yor leagu s to prove McCumber 000,000, nts out of the wool remain: wool, fair Invested and Jeent since the Fordney have labor out of pr ‘anoed much now really gets relatively every dollar, Prices were advanc so the consumer the 1 20 per cent pays $1.20 today for bought your for $1 Subtracting the labor cout of approx! tely 18 cents, the wool manufac turers baye $1.02 for raw lividends and excess profits, ax com pared with the 84 cents before wage prices were increased, TARIFF LEAGUE | CITES FIGURES Thus, the Fair Tarif league shows the increase in wages was tnalgnifi cant, Labor has, in fact, benefited less and leas thru the tariff, In 1860 the average duty was 24 per cent on all manufactured products and the total wa per cent, In other words, the tariff profit granted by congress almost made up the to tal labor bill ‘Then the showing grow worse In 1870, average duty wage cost was 23 per cent ff was 11 per cent wool he last wool, © cost Was 26 manufacturers got of 34 per cent and the The tar more than the total wage cost In 1880, manufacturers got 46 per cent duty and the wage cost was per cent, The manufacturers were granted profits double thelr total | wage In mil ift duty 1916, was the wage cost in woolen about 16 cents, but the tar was 32 por cent | 1923 (this year) the total woolen wage cost will be not more than 18 cents and the tariff duty will be 68 | per cent, SENATOR RAPS FORDNEY LA Says Tariff | is: Costly to| Producers DENVER, Colo, Oct. 5—United States Senator A. A. Jones, of New Mexico, instilled a new angle into the meeting of the Western tariff when he disre. garded the flexible clause of the ordney-McCumber act and assailed the ntire law, "I don't belleve the wool growers ot New Mexico shogld give the manufacturers of sheep shears an. other damn cent,” the senator bel- lowed to his astonished hearers. Jones charged the the entire meet- ing was a “set up” to support the | flexibility, and declared many of the 22 states would have been represent. ed had the governors been aware of | this. He sald the tariff, which the Western tariff congress is supporting, and pointed | out that from estimates compiled by | the farm bureau, every dollar the Western producer made from the| thru the same measure purchased. Objections to the tariff In lesw bel- ligerent tones than those of Senator Jones were noted from several quar. ters, An attempt to pasa a resolu. tion condemning the flexible clause, which has been running to « climax during the day's seasion, threatened to become a secondary fesue to the one condemning the entire bill. GOOD CROPS ON IRRIGATED LAND. Government Projects Bring Excellent Results WASHINGTON, Oct. 5.—An ox: cellent cotton crop of about three- fourths bale per acre is being har- in goods irrigation project in Southern Ari- zona. Four crops of Alfalfa per annum Northern California. On the Béise project, Idaho, the alfalfa weevil has done much dam- age, while the coddling moth has raised trouble in Colorado districts. Wheat 1s yielding 40 to 60 bushels to the acre on the Minidoka pro- }Ject, Idaho, according to Secretary Work, of the interior department, ley project, a record breaker. ported from practically all projects in Montana and North Dakota. “Taken as a whole, I am well pleased with the showing made by | says the secretary. CONSTANTINOPLE—The ques- tion of the form and name of the new Turkish state, which must be settled before Turkey is able to re. |sume full diplomatic relations with the rest of the world, is absorbing attention here and in Angora. It is virtually certain that Turkey wiN be declared a republic, the head of the government being elther a president ora chief of state, as in Poland. BOSTON, Maxs,—Headed by war veterans, resident of the Brighton sections protested to city officials against the proposed erection of gas-filling station 25 yards from a war memorial, ‘The permit will not be insued the street commissioners have ruled. Testimony showed that stations, HAVANA.—The railroad and port | the house, 92 to 7. The house con curred In the senate amendments to the original bill, and the measure now is in the hands of President Zayas for action. Consolidation of the railroads and establishment of after five years from date of Sasue, at the pleasure of the issuer, national ports wore features of the bil. the welfare of farmers | |had been made subsurvient to the | wishes of Eastern manufacturers in | et tariff was matched by $10 he lost! | vested from the Iands of the Yuma| are raised on the Orland project, | while the beet sugar crop on Hunt-| Montana, is said to be| The same in re-| our government irrigation projects,” | the district already has 78 of these | bill, known as the Tarafa bill, passed | Ship News * Tides in Seattle SATURDAY ruipay | OCT. & ocr, 6 First High Tide First Low Tide | 12.46 a.m, 89 ft On wom, Le ft Low Tide First High Tide | 726 a om, La ft 41 pm 109 | Second Migh Tide Second Low Tide | f:1T p.m, 112 ft 0 De thy 6 fh] Becond Low Tha ' o. Weather Bureau Report (Apecial from the U. & TATOOSI ISLAND, Oct. 6 Weather Bureau) we miles an hour Oct 46 PM 10 miles an hour. } 2 P. M—Passed tn: Me M. T. Harper t Kl Heguodo, towing Bares at 1649 p. mi. am Dorothy Alex onsy; wind, south, at noon, No. 95, ser, assed out hh. Duke, > p. mn. « falling: san hour, see te Jas. cloudy; south 0,250 barrels daily, |Fordney-McCumber law, all but the | Vessels in Port at Seattle |' Arrived—Oect. t fan Francteco ja. m.; str Buford tr | noon; str Orestes from Liverpool via Hal | bea, Los Angeles, Han Francisco, Var ouver, B. C., and Union Hay, BC, at 10 a. m: str Dorothy Alexander fre Han Diego via Los Angeles and Han Fran eo, at 645 & Oct. tonite Bas [inex trom La jee via Man Francise fat 1:48 pt tr Northiaad from San Pre 10 p. 2 it Farragut from Tacoma Bvere Vancouver, C, and Ana ‘at 1:80 p. my ste Hi. T, Harper | trom fan Fran atti pm, Heiled—Oct. 5—#ir Robin Hood fi coma, at 5:30 0 str Preeiden |for Manila via Kobe, Shang Hongkong, at 11 & mi: ate Wh Mon Dollar couver, ngh kong, at 16:30 p m.; atr West Henshaw Htr Bi Segundo fro: via Potut Well 1 Han Prancises, | ingha Harbor, Farragut at $ p.m. Aamir Los Angeles via fan Fran co, at midnight; str Candidate for | London via Nanaime, B. C., Vancouver, |B. C., San Francisco, Los Angeles, Dal boa pool, at 4:45 p, m.; ate Wa. at 2 p. r tor New Loe Ane geles, Balboa and Philadelphi m.; str Shidsuoka Maru for Tacoma, at 3:20 p. m.; str Admiral Hebree for Los Angeles via Ban Francieco, at §:30 p. m.; late Margaret Dollar for New York vin Francisco, Los Angeles and iHalboa, Alaska Vessels Juneau—Oct. 4.—Mailed, str Princess Alice, southbound, at 7 a. m.; ate Alnaka, southbound, at 7:30 p.m. Ketehikan—Oct, 4.-—Bal! tr, touche, northbound, at 7 a. m, La Vessels in Port at Seattle lamith Cove Terminal—Pier 41—Btr Preat- dent Grant, chr Zampa. eat Northern Terminal—atr ¥ Hell Street Terminal—v, | Pier 11-B—BStr Owego, Gore Roosevelt Per 7—Mortorship Carolyn Frances, fish Aaaion Atr Northiand. Str Northwestern, Cordova, Vie- kate B.C, G. Haid bi Alexander, Dorothy Alexander. Unlon Pacific Terminal—Str Redond | Pacific Coast Coal Bunkers. | U. 8. Bhipping Board Moorings—s#tr Weat Himrod, Anna EB. Morse. Milwaukeo Ocean Terminal—Motorship | Alam, East Waterway Dock & Warehouse Co.— Str West Nilus. Todd Dry Docka—Str Ketchikan. Puget Sound Bridge & Dredging Co.— Bir Patterson. Ames Terminel Company—Bktn W. B Int, str Norway Maru Nottloton’s Mill—Motorship Frank Lynch | Wert Seattle ‘Training Station—agie Heffernan’s Drydock—Str Ratnler. Stream—Ruoy No. 7—Ste Madigon. Winslow Marine Rallway—Hehr Camano, achr Spokane, schr Betsy Moxa, schr K V. Krune, barge Coquitlam City. Seattle Stock Market Furnished by St. M. Herrin & Co, 117 Cherry St. Stocks— nia American Sayings Bank..$ Bank of California Canadian Bank of Com Dexter Horton National Firat. National Marine National Metropolitan... National Bank of National City... Seattio National... |Seattle Tite Tri Union National... Industrial Btocke— | Albers Bros, com.. Albers pfd.« Aero Alarm, com Alaska Stoamahip...: Carnation Milk Prod. ‘pf Centennial MII... Federal Telegraph. ....... 7.26 50 Fisher Flouring Millas.s. 9400 900 |Genoral Petroleum com... 30.25 20.50 | Globe Grain & Milling com 4100 48.60 Glove Grain & Milling pid 9450 6... Goodyear Tire & Rubbor 1) pfd “s Hawalian Bugar. 4 Honolulu Plantation... Chae He LMY secs New World Lte..c.., Northern Life,......: JOnni Bumar secs ci ss Pacific Alaska Navigation Pacific Cara Foundry Pacific Coast Biscult, Asked $ 70.00 06.00 Bd 191,00 192,00 00 225.00 5 200.00 910,00 + 117.00 125.90 260.00 275.00 910.00 315.00 176.00 280.00 110.00 teseee 186,00 40.00 11.5 00 1,50 00 + 8800 93.00 + 101.00 103.00 90.09 100.00 86.00 34.60 47.56 02.00 + 10.60 + 145,00 26.00 $0.00 © 96,00 100,00 mid 26.50 50.00 95.00 12.00 155,00 96.00 10000 100.00 116.00 fair an motorship Theo- | WALI NEW YORK, Ovt trading on the at by the weekly feder American Woolen Thuraday's high of 77 land toxtile industry be ing of the Am ag plants, Btool, Ameorican Can, Baldwt [lowe On the initial transact! The rails, however, were f weekly car loadings to | Opening prices included Union Pacific. 1304 Anaconda, 39 teadin 4 TRUNT JOURN Pri w ck market t urage and the banking syst Was expoola betrayinw affected by and rly | Id above t Atehi nérican Woolen up ky? United Btaton co Products, 66, up 1 Southern Hallway, 94 New York Stock Market ureday's Quota Purnished by Logan & Dryas mrocy tt? Beeend Ave. Heattle High Adama Rxprese ...5. 61 Ady, Rumiey, ped... #1 J Ajax Rubber 4 Allied Chemtoal ay Alle Chaime 41% | Amn us as Heot Huger a7 Amer. Howoh Magneto 30% Amer, Trake Bho 0 Amer, Car & ¥ 169 mer Can nM CON Lc merereerrerns (1 Amer, Chicle 10% Amer. Cotton Ott os do pid 1% Amer, Drug Byndi ‘ Amer Hide @ Lr, pid 41 Amer, lee Amer, Int | Amer | Amer | Amer | Amer Amer Aimer Amer Amer. Btesl Pdy Amer. Tel & Tel Am bacco Com do pfa do pid “Bi Amer, Water Am. Writ, Pa. Amer, Woolen Amer. 2X | Ane r 1 oft Low Corp. La Franee Hadlator Mater Naw Wks ptd |parnetait =X do "Ht Neechout Heth. Booth F BRT, Otte Fdison Pactti M & at do pid d* Pasco er Motors & EB it wing | [Colorado Bouthern ee | Denver Live Stock tHe Neon f neers, tk, $7.90@8.25 Sheep Receip' " Lamba, $11 pies, 1797.50. steady to strong | N. Y. Sugar eel Coffee Thareda, Quotations guns —Gureegi tee rong; granulated CofteeNo. 7 Hie, tar No « Santo refined, 01.50. on 10% @10Ke MN Oitho Ib . Foreign Money Status ‘Thuretay's Quotations Furnished by 1. | 810 Second Av Nermal valve $1,00., . Canadian 966 «+ Bterling . ° Ne French france D0 cta,.... Belgian franc. 30 ete, Swiss frane....1 30¢ «+ Ttalfan lra. S2cta. German mk $0 ctas....fwedish krona. cts,... Norway krone, S0cts,..,Danish krone,. 60 ote, ««/Greek drachma,. ota cts,... Austrian crown. 14% ct ota Holland florin, .29.20 cts 50 cta....Rumanian lel...46% ct 9.50 cts. Spanish peseta.13.60 cta Public Markets WESTLAKE Auger stall, Westlake Special Gold ond flour, 49-T. 41.40; Big Bend flour, 10-%b, wack 400; weratch, 190 Tha. $2.40; §0-56 corn and wheat, $2.26; egg mash, 100 the. $2.60: wheat, 120 Ths, $2.90; 6 |bare Crystal White soap, 260; Mechanics’ D paste, 1, Stall 192, reh, 14¢ phat matohes, Searchlight, Te pkg; $M, sack corn meal, 36c, Stall | 100, 3 the, sodas, 400; 2 Ths. peanut but- ter, 2be; 3 ba pop corn, 280; 2 Ma. red ots J & In B litdney beans, 26e; 1 at, Amatzo oll, bulk, | |40c; P. dG, pomp, & bare 2c Nucos, % the. 8fo; Dungena |; 8 te. pure honey, Te; brick cheers, 350 th SANITARY 26,37, 1 tb. Hilla’ bulk coftes, | 880; im oll, pt. 260, at. 47e, wal |900, kal. $1.79; 3 bare Paimolive soap, | | 21e; Keonomy jar caps, 26¢ dos; Citrus | Powder, large pk, 226 Stalls 6-8, Nut | margarine, 326 Tb.) Yaltma honey, 6-1. | pail Stall 132, minute brew, abo. Stalin 31-83, fresh shrlinp meat, 700 tht |barbecued cod, a6 Tb. xenuine filet of 4 Ado; oyatern and lama now in» n./Mtall 47, Nut margarine, 220 tb, \toe. 6 garden preserves, strawberry Jand raspberry, $40 1b, blackberry Jama, 200, Stall 21, homeem: nalae, 400 T.; potato salad, 200. pt Btalis N-19-15, aptnachi, 100 tb oranges, 300, 4c, 60c do; ho tomatoes, 100 T CORNER Btalia 94-96 Pike at, beof stow, % the. 100; Iamb chops, 12%c; club sausage, ¥ Tha. 250; pot roast, $e; ugar cured bacon, ibe, Stalla 16-22, butter, 600 Tb,; creams ery buttor, dbo 1.5 pullet eggs, 250 doz; Tos. 560} Wincons nin Mm, ‘Mtail 2, veal 13%o; veal Liye; leat io T).; Bant~ 110, our best butter, 49¢, + white soap, 10 bare 33¢; Mason Jara, pts, 726, qte, $20; flour, 49-1, ok $1.55; tbs, fresh ground Peanut butter, | PLACE - beat cane migar, 700, Stall 12, 3 the, rhe + 10-Th.’ wack flour, 380; 4 The, prunes, tho: 3 tbe, cot. feo, $1; special on fruit jars, Stall 81, bie special on butter, 400 tb.) Guatemala honey, 6-t, pall Tbe; atriotly freak vewn, 2 doa, 70; peanut butter, we grind Ht; all milk, 4 tall omnes 290, Stall 1611 Pike ph aronds, shelled almonds, 660 b,; shelled walnuts, pieces and ven, Bo. Ib, shelled fitberts, 400 tb.; Jumbo raw p Tbs, 260; apricots, 2 Ibs, 450; 2 tbe, dbo; largo Italian prunes, woo, tall 49, coffee, 280 and ups Kinds flour fron $1.60 up; Cryatal White #onp, 6 bark 2hc; Lowile's walt, 100 cans Iarge pka, Gold Duat, Libby pork and heang i ECONOMY Stalls 36, 6 Ibe. best cans sugar, 100, Stall 15 butter, Wieconsin de mayon- KE Stall 17, § tha, aN ia avi fn it 0 Close Ingeford’s | Al, FINAN IAL nally REVIEW lower at the wome revival of the shor ff in the federal reserve em statement uk, droppings 1% to 74, nalow leat the eondith Against lew Eng 1 the clos ne which fore other industrial leaders showed slight rong in response to the ability of the ho one million mark fon, 98, off Mi Studebaker, nm 14, off 1M; Bal teal, ASM, off % Dupont, 129, i} Hethiehom GRAIN MARKET HAS DULL DAY All grains 974 win, 116M, off % Anie up 40% Pan-American up CHICAGO, Oct. 4 cloned dull and lower in trading on the Ch Hoard of Trade today Liver & weak clone, the result of failure of re- spond to yesterday's ad Min- neapolia advices aaid |had fallen off sharply, were operating at 65 per pacity againat r ponding p lowing # taking, corn rallied and sco Jadvances during midday turn came about whe rold at $1 and above | Oats were dull |xold off with othe feeding showed wan not enough apturn, Provial lors t noon. flour that mills cent at for profit The cash ¢ up. grains, Farm reane, but thin to bring about an ns declined. Chicago Board of Trade Thareday’s Que Liverpool Grain Thursday's Quetatie tad igd te bd bs 8 a tata Cash Wheat ‘Thursday CHICAGO, Oct thd aa = oT% Chicago Car Lots Thareday’s Quota shed by Logan & Brvan No Serond Ave. heatthe Orae— Resta. Oeet, Bera. £4.07, Corn $2 Oats 120 Foreign Exchange W YORK, Oct. ¢.—Forsign wo epened Irvewelan, Sterling de and, 84.64% ‘ elgt Foreign excha demand marks, 600.0 6 oloned higher, lire, 10.0449, up 10.0007%, up 1%; 00 te the dol Portland Produce Thursday's Quotations 43@hie Ib ying price eG tee dow 4 @Ate Th 166246 Ib Netter Kage peice Cheese Mens ING ike Gow; welling ° Liberty Bonds Thereday’s Quotations Tornished by Logan & lryne Seattle Wigh Low Chose s07 9300) ie 04 Rerte Firat 2%. First 4s ond Ae First 4% 97.08 7 | Recond ip 9 97.06 6 Third 99.14 9807 os 97.19 $7.06 o8 $9.09 98.10 20 Foreign Securities Thorslay’s Quotations Furnished by Logan & Diryan 810 Second Ave., Seattle Bid frocks: Rusantan 6149, 1919. French 1931 French 4s, 1 French British 6 British ba, 19: Britiah Victe British Ref. 4s. Helgium Mestor. ba Belgium Premium. Japanese 4« . Japanese Firkt sign...) |Japanese Second 41ha.. 9 United Kingdom, 1 11g United Kingdom, 101g Italian Con: +. 39M BANK CLEARD i abe 1} Seattle Clearings .... || Balances ..... .. | Portland | Clearings .. Balances .. $6,270,479, 1,598,338,48 | | 711,701.00 | 1,354,281.00 | \} transactions... 2,809,000.00 | ———$# avis Hides and Wool Buying Prices, F. O. B, Seattle Jean maven nae | Bulle eve bide | Bulls | Calfekina, green or “qnited— | fo, 1 up to 18 Ibe | Kip, green or salted— No. 1,16 up to 26 Ibe NOB sssess Dry flint hide UB cian cee Dry aalt cow hides, 7 Iba. up, Dry flint stage or bull Stags of bulls, . byes 4 Horne biden, according to ai DFY, @RCH ssssve evens reen oF waited, each | | | 1.00 00 ir, long, stapte, 1b Valley wool lean, modium Medium heavy .. ourne, clean . rao, heavy Stall 40, ground i black toa, Stale 7-8-0, 4 | Amano oll, Se at.; Searchiieht. matcher 6 boxes. 360; 1-1, nn GhiFardelll chaees late, 250; lure Del Monte tomatoes 4 cane dunbrite clear ey abe onke flour, 260," Stalle ai-44, Crystal White soap, ts baking powder, tea, 7 P 4-10, oun Wasson canister, $1.16, Stall 9, bert fornia, Guatemala honey, b tone te roul sharp 300 Th; best comb honey,’ tf, 850; good creamery butter, Abe ih - bert butter, Ho. Seait bu, anutied pididun, Tee bee Neo ae ijt plokiew, 4 for 100. bei chocolate, tho; ec; pepper, Bbc eounut, tall cotton, ‘ start of| t K. off demand | red sharp | sult nd neglected and | above Clone <} June and Asked | Tacoma 1] Almonds, | |Busines Farming and Industri BLLES HILL Oct, 6 LEY Mass., will have a wide wine tendency for the remainder of the year,” says Roger W. Babson. In a statement lo sued the statistician dis cues develop: ments during the last nine months, which furnish an illuminating and helpful picture of business fi executive and investor who judge developments for the quarter of the BALSON r the must year. “Going back to August, 19 Mr. n, “we find readjustment jot ion half completed with ge t ty increasing and An r and bu the ree ways postwar inf eral ac improved In fact, id that it normal in the k starting 19) a ness picke ery was Ho rity carried k in D cember very ec tive and prosperou | “Belng @ premature | howe uch prosperity could nd after the first six months of the current year we dropped back to a cor of readjustment This has given us two sudden changes with ly mixed condi which have confused and upset ot @ great many basis. development not ulations siness men. SIX MONTHS’ BOOM INCREASES PRODUCTION during the first six witnessed a remark on the production of dustrial commodities, The reaned 3% per cent from to June, 1 of pig boom months of 1923 Jable increa | baw je and | volur |Jun The from 2 from fron climbed 29,000 tons Ary, June output 1922, Jus and to 3,668,000 tons in pper production increased 95,222,000 pounds in June, 192 169,000 pounds in January, 18 Petroleurn #h reane $59,000 barrels in June, 1922 000 in January, and barrels in June, 1 shoes increased from 00 pairs to 30,774,000 pairs and ) pairs for these same re June, to 1923, 19°2. from wed an in a6 923, 1,364,000 ince July, however, this activity The United States Bteel operating about 80 has receded, = nie per capacity, today | filled c now only }tons as compared with 6,386,000 In 7,403,000 in March of this cent jers are year PRICE CUTS HAVE RESULTED “The cotton milis, which were run- ning Jarge productions early in the year, have shut down, but will prob. ably resume activities on another price scale this fall, Automobile pro- | duction has been the greatest in his- jtory, but has exceeded demand at present price levela. A score of price cuts since July 15 have resulted. Tires aro in Approximately the xame condition, price cutting Indic tions are now In evidence. Building materials rose to a peak in the late |*pring and declined somewhat since. | Lumber is now selling at 13 per cent below April quotations, “Wholesale commodity prices as a group reached their peak in March of thin year when the Babson com- modity index stood at 186. Its Sep. tember reading is 166, a decline of 20 points, or 11 per cent, Copper ts | nelling at about pre-war average. Pa- per has declined slightly. Steel ix selling at about 11 per cent below its [recent hig Seasonal strengthening in most commodities may occur this fall, but the long swing indication | points to a new lower price level, | COTTON AND CORN IN GOOD POSITION The ngricultural situation ts not {the last few months. The price now | quoted for Docember delivery of cot ton is 28 cents a pound. ‘This, multi. | plied by the indicative production of | 10,788,000 bales, gives an approxi- | mate return to the cotton planter of | $1,637,290,000. Last year's |tion was only 9,762,069 at a price of 26 cents a pound, yielding a total value of $1,269,069,000. In other words, the purchasing power of the cotton farmer this year Is 18 per cent greater than it was in 1922 “The corn belt is practically as well off as it was last year as far as pur |chasing power is concerned. Corn prices. for December delivery are quoted at 72 cents a bushel while pro- Auction is indicated at 3,076,000,000 | bushels, which gives a return to the corn farmer of $2,214,720,000, com: pared with last year’s revenue of| | $2,110,220,000, In other words, the| returns to the corn farmer in total jare actually higher than they were last year. “It is the wheat farmer whose in- come has been greatly reduced, and jit is his story that has colored the |whole agricultural outlook in the mind of the general public. The combined production of winter wheat and spring wheat will be about 789, | 000,000 bushels, It should produce | $828,450,000, figured on the basis of | $1.05 a bushel, quoted for December |deliveries, Figures for last r Were 862,091,000 bushels at $1.28 a bushel with a total return to the | wheat farmer of $1,060,372,000. This |means that the wheat grower real- izes an average of 22 per cent less |than he did a year ago, | FARM SITUATION RIGHTING ITSELF “The farmers’ difficulty these last |two years has been due to the ab. formal spread between agricultural prices and industrial prices, This sit |uation is gradually righting itself So far, the adjustment has been af. fected by the lowering of the indus trial prices rather than the increase of income to the farmer. “This bilanciig tendency may be Interrupted from time to time by di vergent movement of either group, but will continue over the next few years until a more equitable adjust: ment has been reached between the prices of the things the farmer has ing, Babson Declares Its un-| 5,919,000 Jas bad as it has been painted during | produc: | al Situation Is Improv-| gabson Specialists Explain Speculative Investment the} thankful | woods aa yet, by any means, | worst In over, | for that “The may be and wh at slackening of general indus: ender a yaluable trial activities has been due in * as a whole, was ¢ the Bi at a measure to increased foreign compe foals bson tition, This of course has been fe public m nthe Masonic club manufacturing fields and has call that fille the reached the retail trade 15 not as yet torlum ‘Tt y afternoon. Ralph wii which {s running about per cent ctor of service of the Macli- depart on a year ng tact that consumers in tremen ume In indicated by the figures for | ment, freight car loadjngs, which have « " tinued to mak the pust three months, the week of | were more curs loaded dise and sent over the rails tha jous week in Retail trade in © no doubt reflect to kening w in the bus ORDERLY WILL CONTINUE “An influx of forelgn-made chandise, a steady of which is now going over our tariff wall,” e will tend to keep general business activity which could rganization, and George ¥. n, of th were on the “The to the human relation program of sto ental a fow ehares of at new records dur In fact ember least 10 substantial, ished com- on explained. You with orent stocks {a, to get the ad pre Buy averages. lov ich occurred it m of tKADJUSTMEST manufactur for them and lock them up in your eafety box. The prepare! to hold them for years, until the business to the peroiod of y cash mer two or stream around when general public ox by from ¢ terized a beom. the forelgn exchan, ws general chaotic fin abroad, it is imponsible for the |American manufacturer to compete with low cost foreign made goc an even footing. During the next 18 | grows, mnths, however, this situation should | tion adjunt itself to a considerable extent. | “General business activity, at the | each | wo or more first of the year,” concluded Mr. | investm can be Babson, “was running at 10 per cent | Joined with the etxra bove normal, A slight slackening |thought of as “specul: in February gave way to another | stated. rine to approximately the same point | in March, By midsummer we had} lGood Busicsee Thru Winter, Ford States jcronsed the normal Mine and grad ually worked down to a point 5 per cent below normal by August 1, Our Shaye present position is 10 per cent below} DETROIT, Oct. 5.—In an inter Henry Ford said as follows: not going to cut the price coin car or engage in | Bormal* | view “Present indications are that gen-|“T bile price war.” Speak. situation, Mr. Ford ot to tuation 1 condi be char jot and tie arts, the Babson ex- upward and that are constantly going on ag business adjusts itself condi. grows again. It is by these swings, that imately profit usually fon,” Wilson lained the iness ds on to new and am eral sidewise movement with orderly (Of the Justment will 6 for the |any a emainder of the year.” ng of maid, worked be a tom bus ‘There up ove y run awa. have a con boom, winter.” but we wil good Production of Oil Has Again Fallen a NEW YORK, Oct. 5.—Production an Bod of crude o in the country has MR. frame residence | A&Hin. fallen off this week, accord- jing to reports received by Ameri- ave..| can Petroleum Institute. F. W. Woolworth @ Co. leases Stoutenburg! ing in Broad st., Newark, for Jong term; $10,000,000 involved. Z.,- tram An McK 64th, frame rest McCoy W., frame reat-| Birtona, frame | residence | John Olson alterations Gustave Miller, frame residence 7 & Lipscomb, frame residence, Roy 8, Lipscomb, frame reaidenc BJ. Pribrack, 16 Columbia residence, 48224, 54.0 91,000. 6702 Phinney 24x30, $3,000, $05 Beaboard bide. | 32526, $2,000. 408 Beadoard bidg., frame VEGETABLES Prices Paid Wholesale Dealers (The prices given are thone made to te tall deniers by wholesalers. With « few | sonal exceptions, prices to produsere| be figured by deducting the cost of | portation to Beattle and approxi- ly 18% for mauling, storage and sell- | tne cont.) Artichokes —Pey Heans—Per Ib Beete—New, 6 Local, new, per Cabbagt—Cai, per Tb. . Local, erate, 24 head. Turkeys—-Fancy 4. p. young .. Live, fat, per tb... | Reosters— Old, live, per ™. .. | Hoxs— Choice light ...... Fancy, heavy, 166-2 rOULTRY AND MEATS 4o. Live, heavy, tm. Live, light, T. . | Brofiers—Dressed, per MT. ‘Geese—Dreased, per T. |Turkey>—Pancy, dressed... New, wack . Caullflower—Per Celery—Local, per dos, Corn—Yellow Bantam Cucumbers—Locai . Outdoor, box . Fax Plant—Per cra Lettace—Local, erate Onions—Per sack . Local, green, dom . ire. i | Cows—Country dressed, Tb. $9 -10| Hogs—Fancy block... #G1:T8 | Veal—Pancy, light 2. Medium, drenmsod jotations | cat Qu: at Stockyards Prime steers .......0. Medium to good .. : Prime cows and heifers»... ‘eppers. Calves . Potatocs— Local whit Netted Ger Radishes—Lor Smooth heary ... Kbuban—Lo: Rough heavy. Pgs 5.5.5. Sheep— Prime lambs Common so choice’. Yeartings . Wethers Ewes .. FLOUR AND’ SUGAR Wholesale Prices Plour—tocal biends Family patents Sugar—Cane, per cwt.. Beet, per cwt...., HAY, GRAIN AND FEED Alfalfa i ri sme ob ssssz 3 Spinach—Local, per box ....+ [Squash—Per 1. 014% Tomators .... Tarnips—Per wack FRUITS Prices Paid Wholesale Deaters Apples—Fancy 0001.50 Cooking 7501.00 | | _ Gravenstoin, Blackberries — Blueberries ananas—Per TD. | Cantaloupes—-Standard |. Casabas—Per 1 Cocoanuts—Per Ao: Dates Figs Dried, Cal. 10 4-08 pikes Hooseberries—Per ib. + | Grape Frait—c | Grapes—Maiaga, amall lug... Geedless, amall lug... ++ | Honey—Com, per case | Strained, por Tb. « Mack tcherries—Per Lemon Chol (Oranges—Per box Peaches—Per crate Bzrszs Boe wean box 2. rere 608 1.78 | r tb, ~ 088 10 124 @ 11 Tats see 12.12% ) pySbrouting, 100's Wheat—Recloaned feed. 136° Mixed feed, 80's All-Grain Chop—so | Chick Feed—r0% | Chick B. M. Mash. +11.80@1.76 | Srowing Feed. Strawherrles—Bverb Watermelon—Per tb... NUTS Prices Paid Wholesale Dealers | Sack Lots | Atmondeat. X. La, per Ib. | Pennuts—Va, per i, | Pecans—Per ‘tb. | Mixed Nute—P. | Walnutr—-Cal. Jumbo, budded, per Td. . Fancy budded. ‘per tm... DAIRY PRODUCTS Prices Paid to Shippers Battertat— A grade ‘Beattle deliver; Eaes—Fresh ranch, white shell Mixed colors Pullets .... . Milk—Owt,, f.0.b. Seattle aupply ¥, 0, BL condensary. .... DAIRY - PRODUCTS Prices to Retail Dealers Batter—Local creamery, cubes, Local prints, wrapped tee Fresh ranch, white shell Mixed colors... Pullote ss... Cheese— Oregon triplets. ‘Wirconsin cream brick Block Bwias. ‘Washington Tillamook triplets, od... POULTRY AND M Prices Paid by Wholestie Dealers to Shippers Brollers—Per to. . Capons—Live, fat, per Tb, Fancy @. ps. Hens—4\ Ths. and up. Medium, live, #% to 4 Tha. Live, Heht, 8 to 3% tbe... Fanoy, dry picked § conte ‘Above live, Cottonseed Meal—100's | Linseed Ol Meal—100's Soya, Bean Moal—100 Alfalfa Mohl—100 Bone Meal-—100's .... ed—1 Imestone, 100's . Grantto, 100's Meat Scraps—Eastern, 1008s. Shell—Kastorn oyster, 100's . Western oyster, 104 SEATTLE NATIONAL” BANK to buy und the things tho farmer has fo sell. While We are not out of the 8. Pp. 2 conte above Tive, Geese--Live, fat, 9 to 12 Thy Belgian Hares. a | s Is Undergoing EXPERTS TELL @ ® | Necessary Read justment ABOUT STOCKS