The Seattle Star Newspaper, October 16, 1923, Page 18

ACTIVITY RULES LUMBER TRADE’. Douglas Fir Is Center of Increased Demand Strengt feature t buy building trial parc creasing berman, Ch ing to the tlon entere fest months, and 8 them rem, ndicated the association ometer, whi shows that r ntly have been above Land have ex ceeded productio , gin, Current st and badly broke price lists carry advance from $1 to $4 aboy vailing a fow weeks beards and strongest items, further Yances on t are expected. W @emand {s largely for yard there is also a good call for trial ttems of all as Well as for export pads are buying m< some time, bot material P dimension Douglas fir heavy and ning considerably above production. shipments 43 p the recent by water. Ca lantic seaboa: takers of fir an has not bought !mportan titles, there is much business ¢ ing from foreign m: Demand from rail territory heavy, but buyers find tt hard as manufact tive water bu that they have little stock available for rail shipment. F strong. Leading hardwood prod ters both in the Nerth report that deman crease slowly b tieally all large cc into the market frequently amount of lumber. stocks are ba rs often have conside: fm securing their requirem While there havo recently some readjustments tn prices, wh By recessions have been made gome woods to bring them Into Ii ‘with the market, an upward ten @ency in the general market cc fimues and {s proportionate to Maereasing shortage of dry h Deny Petition on Stock Dividends WASHINGTON, Oct. 15.—The so Preme Court yesterday denied Petition of holders of preferred tock of the Minneapolis, St. Paul amd Sault Ste Marie railway for a Teview of the decision of lower eourts that the railway had a right fo issue equal dividends on Its pre- ferred and common stocks, notwi standing the fact its preferred stock Was issued with the recital it was entitled to a preference of seven per cent in dividends. The disposition of $12,000,000 of the road's accumulated surplus de- pends on the decision of the ques. Financial Flashes From James Macfarlane & Co, S11 Second Ave. ‘Twenty industrial stocks average 87.13, a decrease of .03; 20 rail stocks average 79.19, a decrease of .04. eee Bituminous coal output ended October 6, 10,782,000 net tons. Willy-Overiand advanced its pro- duction schedule to 600 gars daily , from 515; working schedule raised } from five to five and one-half days | @ week. see British gold exports last week were 765,927 pounds, of which 354,595 pounds went to the United States. eee ~, General Motors ts forming a Dan- ish. company to establish an assem. bling plant for Chevrolet cars in central Europe. ae €. F. Fettering, president of General Motors Chemical com- pany, announced that a contract been entered into between that company and the Standard ina for dis- kas, a new fuel developed by the General Motors research corporation. so Western Union, months ended September atter depreciation, taxes, ch: ete., $10,000,504, or $10.0: Versus $9,457,784, or $9.49, Reports from the oil industry showed lower production for the week, for the nine net, last year. : (eae © General Electric new quarter ended September 483,549. orders in 20 was $65, Approximate production of Cerro de Pasco copper in September, ne- €ording to advices from Lima, Peru, amounted to eopper, 1,500,000 ounces of silver and _ 6,000 ounces of gold. This makes "| September the largest month in its | | Bistory. TRADE TERMS TIME LOAN A “time loan” is one made to Mature at a certain time, usually 130, 60, or 90 days, and bearing a {fixed rate of interest “thruout its duration. Sometimes they are ne- cured by collateral and sometimes not. Time loans are usually for commercial purposes. To be distin- gulshed from “call loan: rges, | share, | 11,000,600 pounds of | TALK MEN |OFFICERS TO C RE DIT Tt was BUSINESS LEVEL - MAINTAINS LEAD Price Recessions and Gain in Sales Feature Month INGTON, Oct. 16.—B of the tion of raw s Tho index of ¢ August, are st, and 192 com and 136 ago. Dun's | 5 to 158. Prices i thelr de ‘The department of commeres price index of building material for a 6 room brick house declined from 216 In August to 2 September, and the frame houge index declined from 215 to 208. | Bank clearings August Busines: continued th increased over fallures in Sep. tr downward eed Officers oe Co-operative Firm Organization of Seattle's first co- operative cafeteria was effected at a meeting of the corporation Monday night. The following officers were chosen: A. Decker, president; J. H. Boucher, president; Luelia Gust, secretary; Elizabeth Howell, treasurer, and S. T. Marnard, trus- tee. The name selected for the cafe teria, which will be owned and op- erated by its employes, Is to be the “Cosy Co-operative Cafeteria.” It = be opened about November 1. vice | Locomotives Make | New Service Mark) NEW YORK, Oct. 16. j roads on October 1 had 54,159 serv- }iceable locomotives, increase 892 since September 15. Locomotives in need of repairs were 9,823, or 15.3 per cent of total on lines, smallest | on record. | Brokers’ Gomons | on Market Differ NEW YORK, Oct. 16.—Brokers’ opinions varied in weekend news, matiy belleying lower prices will be the order of things before the foun- dation can be laid for any kind of jSubstantial upward movement in stocks. Dun ‘Reports Good Business Features | | EW YORK, Get. 16—Dun re ports that good points in the busi. j ness situation are plainly discern. jible, but irregularity of conditions is ii) marked, | September Balance of Trade Favorable NEW YORK, Oct ports of the United month of September | $281,000,000, as comp: ports of $225,000,000, vorable trade balance | of $126,000,000 16—Total ex- States during mounted to ed with im- leaving a fe for the month | | The United States bureau of for elgn and domestic commerce has foreign firms which et for American | formation will be firms on application lock, district manage | Lowman building, Seattle Cuba-—(7958) Flour; salmon, | ned. Indi are in the mar goods. Full in. to g, H. ¥ can —(7952) Metal goods, copper, jbrass, le.d, zinc, girders and rails; pipes, steel and cast fron; steel es, structural; fire, galy 4 and plain. (7953) Tallow. nds—(7966) Plushes; seal I land: tors; perfumery Porto Rico—(7956) Beans; conte tlonery; laundry soaps. (7958) Beans see A gentleman (7950) Tollet articles; from Melbourne, Australia, desiring to get connec. tions for hardware, novelties and general products, !s now in Seattle and can be reached thru this office. ‘The rail: | 1 the following inquiries from | given to American | of the bureau, | P MARKING TIME Public Is Too Rich to Sell and Too Poor to Buy ment. G en if the gre lower ¢ per ce ; would pr aso our savi vailable for ent In se thes. by Hen VALLEY BANKS CONSOLIDATE D\.. KANE, Oct n of the Apple Dishman step was tak that @ ia titution serve the y, according to tained from Frank. 4 of the Apple Way State bank The new institution will have re jources of more t 0,000, which will make it one of th largeat banks in the Spo and all ness will be tr Or ity, Mr. Abbott Ship News| Tides in Seattle TUESDAY | WEDNESDAY Oct. 16 | OCT. {Tie Lew Tide iret Low Tide m., O1 M1.) 4:19 am tia Tide 10:46 &. m tt Second Low Tide sat igh Tide | Second + OK £11048 5 Interests of the commu information ob. | Weather Bureau eae: TATOOMIE IRELAND, Oct cast 29 miles an hour Arrivals and Departures. Arrived-—Oct. 146—8 r Ht Tacoma via at 9:40 a. m.; magne from Angelos, at 108. m. Oct atr from southeastern Alas! atr Steel Engineer fro: York via ports wod from Low Ani Everett Salted for Lon Angeles i G, Bear for Str Al | | | xan no p.m Peter i 1—Btr Ad- miral Waison, | /easels in Port at Seattle Smith Cove Terminal—Mer 41—8tr Zam- | pa, str President Madison, str Bhid- kn Marn Str Ht Northern south i, at 1 a, m. Inan Mare Terminal—Str Tokiwa ‘Terminal—U. #8. © fino homiahs r, Haida, U. & L. H. T. Heather Grand Trunk Pacific Pier atr Pier 11-P—Str Owe Pi U. #. €. G. Ploneer. Pier 7—Moto Anvil, Pier &—Bte Aurall Str Griffan, ‘Terminal—str Oanta, str Latouche str Horace Luck. eh. D—Btr H, PF. Alexander, {flo Cons’ Coal Bunkers—U, 8, 1. & Fd. Moorings: Himrod B, Morse, intod Oli--8tr Alameda, 8. 8.4, Diacove Btacy Street Str Texan, Hanford Street Terminal—Str Henvenue, Str West Ste Lydia, General Petroleum Terminal—8tr Admir Str West Cadron, Hound Bridge & Dderging Co, Patterson Ammen ‘Terminal Bennett Nettleton's Mill—Atr E Heffernan’s | Drydock—str bktn W. B. F Stream—-Buoy No. Public Markets WESTLAKE, Sugar stall, pure cane sugar, & Iba. 76, }100 Te. 0; Gold Bond, 49-%, sack, $1.80; 6 bara Crystal White soap, 2hc Carnation milk, $4.85 cane; scratch, 100 the. $2.40; eng mash, 100 KO-T, wack $1.60 $2.90; oaty, 100-1. wack § 6 rolln tollet pap lda wanting powder Ie; Pillsbur Stall 105, Cer boxes the; 4 th 25e; bulk aaind olf chocolate, 330 new pean, 2 Kelloge’s bran finkes, 106, red snapper, 2 ta, Company—Schr Lottie Santa at Rainier. 7—Str Madivon, Ana, 2 mat rolled 400 at; Ghirardelli's cans 260; Stall 136, + wole, 2 Ibm, 250, aan Dede achr | | New York Stock Market ay’s Quotattor Furnished by Logan & Bryan 410 Second Ave, Keattle K CLEARINGS Seattle Clearings Balances Fornished by It. M, Harris & 117 Cherry &t BANK STOCKS Bia Mavings Tank..$ 49,00 California 205.00 in Bank of Com... 191.0 Btock— Nat. Bank of. Com., Alarm, amahip 101.00 90.00 5 7.00 er Flouring Mills 95.00 ral Petroleum eom 20.60 6 Grain & Milling 47.00 rain & Milling pfd. 90.00 Goodyear Tire @& Rubber al) ped + 82.50 lulu Plant 480 Chan Ht. Lilly + 91.00 ew World Lite 10.50 Yorthern Lite 145.00 Navigation, $0.00 ndry 96.00 it 109.00 Gas & Elec, pid.. 88.00 & Tel, pta Brom. p perry Flour pfd Buperior Portland Cement Shipyards rbach Paper pfd | OLYMPIA, KK. Lundg ey, Inc y nnd Clarence K and mi obilo parte, a To de achinery parts, brakes, aut biles and norlen. In I. Borens Optteal oi attle, 00. Changing arenis, optician, Famous ra-Lasky — corpo Jernoy City, N. J. $10,000; J i ner, H. A. Binck and Power of attorney to J, attle, Gehoral Motors Truck compan: tine, MI $10,000; W. C, Dure 8. Merrill and Herbert i Rc |of attorney to Socretary of State, pia. Lakeview Modern tion, Junnita, $10,000; A. R. Mal i, Harting and George H. Tinke Cancade Mille HmpANy name t ging and I, Hened Certified Pubic Everett, Everett and Francia ©. Pi Omak Local Warehouse Omak, $17,000. B. 1, holw. Schneider, August Aveldaon, ¥ drew and N. G, If Smith, Motor Car ma $10,397,651,72 3,030,986.71 Seattle Stock Market Woodmen 9 nn, $60,000; 8. J. non, BF, $1,000; W. R. Paddock company, . B, An COST IS gs Straus Survey Sees No Drop | in Wage Scale “GRAIN MARKET a el mar and at 6 had ed thet lon and we ting fra at the aden do partment conventio ports lers of or at in some Pntrance of ail cash inter n of idleness, brought conaide «th to the sample ¢ nal trad able atren unter This also reflected in opt! OR Oats made sympathetic gains. The Al 1 BE Sugar aia Coffee 5 was in-| A ‘i ay"s Quotations \ the re. 15 | Suan y wet i 4, | me fal etidera.'* vent | 49 | Cuttee tite Db three years STABILIZATION OF BULLDING band URGED Foreign Exchange quar ot Inbor migra employment t the ¢ Foreign Money Status mvention, | Mondny’ ations “It also wan urged that, “in the| Furnished by Logan & Bryan terest of the entire tr . build No Neeond Ave henttle base activties should be kept rather than to endeavor present bu abnormal & short period. ‘The hope wan preaned in thin that pes of bu! h44 bee torkin 63 rma i) make up ortage thru the ding activities | connection onstruction work on ty eo not Immediately nece tyilldings, be temp: 1 that the efforts 8 much a on pornible, ee nafe Liberty Bonds Monday's Quotations wh eye continu ding { vention by Presiden 6 obligation up nm the unic men w t where existenc h em: the men must m the be; n to operation. there were reeme in continue to Foreign Securities Monday Furnished by 1 10 Beeond A LABOR I8 GETTING | HIGHEST WAG “Juriadict A being | ntrover and F Mocks: ifo wax reported | t ninated. ‘The on the Bricklayers’ unions as to jurisdic work, which was re garded na » menace to the industry, * reported nettled, iden hav tilities nt ure stoppage of nal board of juris. etional awards wan directed to con awapei 192 © ite efforts to bring ab an Mixed Note immediate nettlement of the Jurindic- onal controversy between the car- | penters and sheet metal workers, Hides ge Wool! | |iniang: vase a entree on the eight-hour ing Prices, F. 0, 1, Beatt wiitiiad tnathe ate | ge Maes” ai pease! Rolls that Jabor is mn hides * in history 4 basis, tion, showed io highest w is kink. green oF aalted— Ko. 1 up to 16 ibe, . 2 ce No.2 Kip. green or No. 1, 15 up to 2! No.2 .. ‘ pry fint hide Dry sal | Dry fit layers. thruou coun ving from $1 to $1.5 cents to $1.25; ere, $1 to $1.50 cents to $1 plaster: building laborers, 25 70 cents to Co, ntonecutter atated, Bo to $1.50, It| moveover, that many | kers aro receiving bonus pay-| 192.00 : ments of from $1 to $4 per day In 4 : tie | Addition to the regular wage # Ane wan 3 66.00 { Building Permits Kmelia Erickson, 906 46th &. Wa fram 191.000 2.00 residence, 3 Pots Nn MH. Clafitn, | reslaence, 38 Jamen ‘Turner, ith Fealdence, 26x20, $1,000. Walter Neseaman, 143 residence Mrs Peart M ¥. iL. Howard Henry She Bheep pelts, each... Bertona, frame Paraffine Company Has New Quarters Tho plant of the Parnffine par 2601 Elliott ave. is being 45.25) my 1 to larger quarter at 2244 Bid | 2246 First 3. It is planned tq consolidate the offices of the roofing, floor paints and floor ering di vision with those of the board and paper divisions, which have been in the White br ing for a number of years, 8. W, frame| rd ave, frame eqm: 3018 sist w.| $4,000, 1 ave. frame rest: renidence, $4,000, 1 Bouthern at, frame dave, frame an bidg., co 408 Amer, Dank framo residence, 34x28, $2.4 90.00 Dept., 201 iseee addite 115.00 02 W. g9th, ‘| FARM BLOC nae $1,500 Rainier Neneh’ Com, club, care B. Beott £2.00 90.00 * frame clnb, i 00. | Bakenbus, N., frame real- | Bid | f Palatine ave., Awk ‘ . $3,000 115.00 J . 5708 Palatine ave, 60.00 24, $3,000. Westlake | frame rest Our MODERN SUR SOF Abcen is possess on iisurance” $5,000 Money. | hanfeal tutomo: A. F. MeCabe.| i L { J | Powell, Se- | Pon ant, Power yn Senator Lynn J. Frazier, 9 snapped as he emerged from\\4 ioe Ni | | the White House after a con- || | ference on farm | with President Coolidge. He expected to take a prom- inent part in legislative mat- jters affecting the country's ' growers this year, Yat Hue rhet of | OPPORTUNITY Star Want Ads uP, | Deanute—Va, cents to o > Turkeys $1,000. [Belgian Hares | Hogs problems [Growing Peed |Vee Mash “U” MEETING KIWANIS o L U AT WM committee onditio: veral 1 SEATTLE MARKETS VEGETABLES Prices Vald Wholesale Dealers (The prices given are thom made to re. era by wh ers. With a fow ducers cost of Artichelee--ter dox Beanenver | Beste—New, don HY Sprouts ad 6 forage and 1.10011 100 113 Cauliflower Celery | Ontons Pick Dursley Parenips poers | Madishes Hhobarb began) h—-Local ) (sidering or n BUSINESS—Finance, Produce, Agriculture, Shipping, Real Estate, Building ,°, STOCK MARKET (Vew York Stock Market) BUILDING LABOR | ieee, , METAL PRICE ¢ LEVELS DROP September Copper Output Is Ahead of Consumption YORK en pret ned, but the under none too strong has reverted to around 63 ter a spurt to 65 cents, for There is slightly more an early settlement in the doubt ‘ood effect on the metal mar Ktubr, which would, without kets It $s reported that shipments of copper in from 36, 000,000 to 40,000,000 pounds less tha the production, 1 welght should not be g , howev un. the co: continues for (wo or for consumers invento out doubt de September were © much to th! ditic enw There ts no doubt business unced slump, but the wire and ca ble manufacturers continue to work to capacity"and are taking a surpris ing amount of copper. Their bool ings are not, however, equal to prc electrical outlets for cop to be the most promis future. ‘oduction continues sub unchanged, with some of ler high-cost producers ¢ aking curtailments, b with the large low-cost mines consid. éring enlarging their output rath than decreasing it. Altogether, th prospect of better prices for copper would seem to be about as slim right time yet, but it ir things look blackest that th man buys, and the fact that now when wise as at any o|extremely careful buyer took a sub. jnot be | Back berries Bananas—per Cantaloupes Casabas— Per Coconnuts Pige—Cal (oosebe Grape ¥ | Grapes— of the ex]. Cal. « | Washington, basket Ground Cherries —Hox | Money Der case Btrained, per tb Muckleberries Per ib. Lemons Choice | Oran Per box Penches—Per cat Per box rate Vancy wp Strawberries — iv erbe Watermeloa—Per NUTS Prices Paid Wholesale Dealers Sack Lots Almonds—r. x Pecans— Per Walnuts—Ca Jumbo, budd Fancy budded, DAIRY PRODUCTS Vrices Paid to Shi | Datterfat— a ee Beattie detivery Fresh ranch, ‘winite sietl +50 $1) 0 oe “4 ipleta .. Wisconsin cream brick. Bipck Bw Washington Tilia triplets 2)! 2h K triplets, 28@ .20 POULTRY AND MEATS Prices Paid Wholesale Dealers | | Broilers—Per Ib Capone—Live, tat, per ib Fa Hens 33] is The 16 % Ibe & pd above live Geese—Live, fat, 3 to 42 Ibe Belgian Mares—4 1h and up.. Tarkeys—Fancy d. p.. young Live, fat. per 1 Roosters—Old, live, per ib. Hoge— 1 Chotce light Fancy, neayy, ‘150 POULTRY AND MEATS — * Prices Paid Wiholes Duck»—Dressed, per Ib. Hens — Dre heavy Drenved, light Live, heavy, Ib Taye, light, 1b : Hrollers—Dressed, per Tb Gicese—Dressed, por. tb. Fancy, dravsed Live, fancy, Ib Live, light. Live, per ib ee Ibid teasis Country dressed, th Fancy block Veal—Fancy, light Heavy, coar Medium Dressed, Cows. Quotations at Stockyards Cattion— Prime steer 7.008 edium to good ++ 6.50@ 5,00 @ 10.00 | 4.00 Calves Hulls. Hogs— Primo. sesecaee Smooth ‘heavy Rough heavy Plies Sheep— | Prime lambs cesses 9:50@11,00] Yearlings ) hooe Wothers Ewen 1.6 FLOUR AND SUGAR Wholesate Prices Local blends mily patents, | Sugar—Cane, per ewt. Reet, per ewt ; se HAY, GRAIN AND FEED Alfalfa May grade Straw Corn 9.00@ 7408 6.400 8.4069 2.40 a0 T40 4.00 | Flour Whole, yellow, 120s | Cracked and feed ‘meal, Darley—Whole feed, 100s Rolled and ground, $0's-100's | Onty--Whole food, 100° Rolled and ground, 70'180'" Sprouting. * | Wheat-—Recteaned Mixed feed, 80's All-Grain Chop So's ok Feed 100'9 Chick 1M. Mash 100". 44.00 43.00 45.00 49.00 44.00 3.00 48.00 60 00 roo’ "0 100% 0 100%" 00 rateh Peed 100s 0 Cocoanut Meat Cottonseed Meal Linseed Ol Meal Soya Bean Me nts das Alfalfa Meal 100 ‘sa "3 Hone Meal—1 00's Granulated—100's feod, 120's ;|enues indicate | ployment » | 400,000 a week and between 2,000,006 28) Fish Meal—100 stantial tonnage at 13 cents should overlooked. Few consumers feel that they can much of a mistake in buying pper at present levels, but they are unwilling to lay in stocks until o: ders for finished material are or their books. Foreign Conditions | Keviewed by U. S. Department of Commerce make European cables to the department ot commerce show French factoriet ctive and the industrial situation keneraliy natisfactory except that the steel industry complains of high prices ‘of raw materials. Increase¢ car loadings and gross railway rev. that trade is good note circulation and Bank ot France advances to the state in creased slightly during September and Paris discounts were a very lit Bank |tle less than in August. The German industria! situation is reported very bad with total unem. increasing at the rate of and 3,000,000 persons working only 24 to 33 hours a week. Prices of Ger }man manufactures haye reached, and in many cases exceeded, world level Austria is apparently doing oo Q well. Customs and tobacco monopoly receipts In the first half of 1923 were more than enough for the service of the international loan for the entire ear and increased 1 ubix) confidence is reflected in large gains in bank deposits. A cabie from South Africa reports slow recovery in general trade with marked activity in South African ex- | port raw materials, such as ostrich feathers, mohair, ‘wool, and skins. Gold production ts increasing in spite of shortage of native labor and the | diamond outlook is. better, Charcoal (hardwood)—50's . Grit—Limestone, 100's . Granite, 10's. ‘ Meat Scraps—Eastern, Shetl—Kastern oyst Western oyster, 100's ... FORGOT Carl Gustaf Oscar, heredit- t lary prince of Sweden, whose father’s brother is King Gus- "taf of Sweden, was snapped lin the guise of @ gardeners | boy, but he forgot to remove ~~) “