The Seattle Star Newspaper, October 25, 1923, Page 18

-. BUSINESS—Finance, LAMPING’S TRIP Kiwanis Club Entertains EAST APPROVED Chamber of Commerce Commissioners Also Vote Improvement Money Port regular Toon a George lt Washingt United the acquisit No, 2 sh in the owned will pre on his mm after the That t pler will was form gession wi! other resolut gounty treasy of Smith ¢ No, 3 to t G paymer.t ey fron Sefiaite spe enlasgmen* Degia wer ton. Another item, fmereased carn Mission recently nesday when to direct transfer $12,000 fund to the b« for interest paymen standing. § Thi: Out of money carned by th zation and not out of funds, it was stated. petitions from w acted The Northwest Tow- jon asked fy Jeave to replace piles and dolphins th Lake Washington and the Un- fon canal to locate log rafts, and the Pioneer Towing Co. asked per- mission to drive piles and dolp in. the Duwamish river for log: Barges. No objections BUSH & LANE OPEN BRANCH Faith tn the growth of Seattle and the Pacific Northwest is expressed by the Bush & Lane Co. in brafch store opened Wednesday, at the corner of Brook! ave BE, S4th st., a (of another branch store !n Hoquiam, Which will be opened Saturday. The new Seattle store, which will be in madition to the company's main ranch, at 1519-23 Third ave., {s the ith in the string of Bush & Lane m instrument stores thruout United States. The first Bush & Lane store in 6 was started 14 years ago, Sand for the past 12 years been der the management aries » Corbin, its present his manageme hess has grow: © port com shown Wed 1 possible organ dgeted tow- upon assoc! n of Cl Will Cut Distance YEhe shore car ‘ine of the municipal | railway reaching Ballard and iterlying sections, including the bus to Carleton Park and Magnolia fs being rebuilt to conform h the new paving in grade. | This line, when fin fide @ fast line to Ballard and inter. sections thru First ave, Denny and 15th ave. avoiding the con- on thru Pixe st. and tho West-| districts. It is expected that the be doubled within a very time to accommodate increased Financial Flashes James Macfarlane & Co, B11 Second Ave. S'Ewenty railroad stocks aver @ decrease of .05; 20 industrial average $7.37, Indications are that the Sep- tember statement of Northern Pacific will disclose a surplus of considerably over $1,000,000 after making provision for in- terest and dividend requirements for the month. Producers & Refiners deny that pa Oil of Indiana is negotiat- for the purcha of its prop- erties. 7 Entrance of Pan American Pete into the raw gasoline mar- ket was marked yesterday in the announcement of a contract for its purchase of a half in- terest in American Oil Co, a large distributor of gasoline. Federal trade commission hearing veals President Adolph Zukor no common stock of Famous layers-Lasky corporation and that Holdings of other officers ligible. ie OE F. Flynn, assistant vice presi- ‘dent and ¢ 1 counsel of Great Northern railway, “tain W. 8. Crossley, U. will d in the establishment | hed, will pro- se | a@ decrease of | > neg: | | Lundin’s Singers Perform and Frank «iii: Waterhouse Talks About Seattle BY W. B, FRANC t of th a eting of the Be Y ednesday chamt Ted y Hatch, sident in nute the ng-doing-« t name moe his best verysn| we style, 1 everywhere in Al Lundin om: action has t of bust es that might oth Hited and proaa! am: many « other as to t mad or the club that t . WATERE PRINCIP. nh HOUSE GIVES AL ADDR Waterhous of Commerce, gave ess. Ho told of tho ol that was the great ce that latd the founda o clty’s greatness 50 ye He said that it had been asleep of recent years, but that It was al ready waking up and was rapidly gaining its old force and vigor, “T was a short time ago,” | Waterhouse said, “what were the things that Seattle most needed at he present It may be taken for granted that we need more popu }lation, capital, industries and pay: |rolis, But thes® things are material, }and our greatest needs are deeper I would say that what we need most of all, is greater appreciation, grati tude, confide: co-operation “I believe that few of us really appreciate the many benefits and advantages we possess in living In « city that is most hap- pily situated of any people in the entire world. Our natural re. sources are absolutely beyond comprehension, and we possess a great port on the ocean that will, TOURIST BUREAU BRINGS RETURNS Estimate Eight Million Dol- lars Spent in Seattle asked expenditure of 325 by the Chamber of Commerce fn tourist pro- motion work, and the estimated ex- penditure by tourists this summer of $8,000,000 in Seattle |the main facts presented in a report of the chamber’s tourist bureau just Issued. The estimate of the money pent by tourists is based on the 00,000 tourists that visited the city this season, staying an average of |two days at an average expenditure of $8 a day. “Tourists alone, should not be valued lonly for the money they put into letreulation,” the report points out. “Important as that business stimulus is, These tourists tlers and investors.” “Real estate firms estimate that 75 per cent of all people who have settled and made Improvements in California did so after they were in- troduced to that state as tourists. The same js being repeated here. | Your investment tn tourist promotion work has produced a highly satisfac. ltory percentage of permanent rest. |dents and substantial investment.” Expenditure for tourist promotion, which includes ald and tnformation to prospective settlers, ts itemized as follows: Individual inquiries answered, 54, 00; booklets mailed, 190,000; special letters, 120,000; with opportunity ta, 4,350; visitors served at cham- ber's tourist bureau, 61 Total number of persons who received di- rect service, 440,305. ALASKA ROAD HAS BIG YEAR ne year 1 wag © record tourist | season for Alaska, according to a r | port announced Wednesday by Burnside, in charge of the Seattle oftice of the White Pass & Yukon liway. The year 1922 was tho big- |xest tourist year in the history of the coompany, but 1923 was 50 per cent greater, he stated. ‘Practically all of the tourist traffic passed thru Seattle In many Instances the railroad had more tourist business than could be accommodated, and for this |reason the road i# planning in- creased facilities to handle the still greater traffic that fy expected next the speakers at the luncheon of} Mermbers Council of the Cham- of Commerce at the Masonic rooms Irid: The in charge of the public re of the Gr who ii i department t rn, will _spoak on “Nothing| Railroads.” Capt. if With the ley, who com Idaho, now will ands the in the discuss bat- "the meeting will be | band from the Idaho. musie by the A speculator in one who buys or ) Felis gecuritics or commodities for the purpose of making quick profit fh the market fluctuations. ‘To be | distinguished from tho ‘inyodtor Who buys securities which yield a (@ertain income, former, | harbor “our A feature of | || THIEVES OR FIRE Use Our Modern || Safe Deposit Equipment SEATTLE NATIONAL BANK one ercial within the next 20 years, center of the world’s cor ivity Add to are the 1 Stat Unite many other blessing we SEATTLE NE MORE CONFID: “We cannot othe t Ives, Wo must ufidence in future in ea: her, and In everybody's good inter on how opinions and nfilet, This DS NCE ell the thor attle idea to oly sell It to our p greate rs until v deve our n " no mat en may must be cc an civic It was cox lassen that ation betwe aved Seattle nit f vion @ sound founda rown, 1a The kame ation will bu gre n tho future SEES COAST AS ONE ENTITY operation must not be limited itizena; It must exist be- jen and district and states Woe must create a great bond of unity that will unite us to- gether tn building up tho entire dis trict from Mexico to British Co. lumbla. “This spirit of unity ts typified by the completion of the Pacific high way, which now stretches from one extreme of the coast to the other, and which, when a small strip in California is paved next year, will be the longest paved highway tn the world, It will do much to knit the three Pacific coast states together by providing a means for us vinit each other and get better acquainted. “This highway ation of the broader vision we are ng of tho destiny of the West ator city fr gett coast, and of the breaking down of | ©! mal jealousies by tho realization at what benefits one dt ct, in a benefit to us all. It fs in such a apirit |of co-operation that Seattle is proud ito lead.” re Building Permits E. ©, Btout dence, 16 A.W. Beavey |store, 40 | [Swedish FE W. élet Aax28, $4,405 B. Denny way, frame 3, $3,800. t. Denny way, frame 25x22, $3,600. 5810 10th 3 24, $3,000. K., frame real- i L . 4500 Stone way, frame dence, 44x24, $3 L. A. Root, 4500 Btone way, frame dence, 44x24, ¥ Tides in Seattle | THURSDAY FRIDAY | E | First High Tide | OCT. 26 05 = m, 110 ft.) First Low Tide Viret Low Tide | 11:06 a.m, 4.9 ft | 10:44 mom. 69 ft Second High Tide Second High Tide 14:37 p.m. 10.6 tt. | 6:96 p. Second Law Tide Second Low Tide | 11:23 p. m., 0.4 tt. 11:56 p.m, 02 re] . Sate Weather Bureau Report TATOOSH IBLAND, Oct. 25—8 a, m. | Cloudy; wind at, 24 miles an hour. | Port Angelee—S. Ge mowAarivedeo mee |Northiand and Jacox. Departed—ste Doylestown, Arrivals and Departures Arrived Oct 25.—Mtr Doylestown from Los Angeles via San Francisco and Port Angeles, at 4a, m.: str J.C, Kirk patrick from Jos Angeles, at 4:10 a. 1m ir Silverado from Loa Angeles via San anciaco, Barclay Sound, vancouver and Tacoma, at 3m. M.; str Admiral Niehol= |son from Tacoma, at 1:30 a. met atr Ruth Alexander from Tacoma, at 1's. mt ate Warwick from Martinez, at 1 arm. ‘Oct 24—Str Diana Dollar from ¢ via San Franct at 6:30 p, m. Salled—Oct. ‘Str Bilverado for San Prancieed, at nosny att nila vin Yokohama, Kobe, Shanghal aed Hongkong, at 3.8. me 0 ate Nir sinian for, Boston via. porta, at, 6 ps. oy atr Yojin Maru for Osako vi aTacoma, | at 6:30 p. m.; ate B.D, Kingsley for San | Francisco, At 12:45 p. m.; str Northwest- arn for Tacoma, at 4p. mi ar Atriba for Dairen via Tacoma and Shanghel, ot 4:40 pe mt ate Admiral Watson for southwestern via southeastern Alaska at 19 a. m, ° Vessels Bailed—Str Admiral at 4:90 p.m. Alaska nd, . Vessels in Port at Seattle |Smith Cove ‘Terminal—Pler — 41—Btr | President MokKinley, nehr Zampa. | Hell Street Terminal—s, 8, C, G, Halda, Snohomish, 11B—Str Owego. 7—Motorahip Anvil Atr Silverado, Ar Buserseyco Str Doylestown Str Nabesna, Plor T—-Str Admiral Nicholson. |Pler D--#tr HF. Alexander, str Ruth Alexander. Pacitio Coast Coal Bunkers—U, 8, Awittaure, UW 8. Shipping Hoard 3 Anna H, Morse, ate Went H Conneticut Street ‘Terminal Dollar, U. &, BH. Dincoverer, Atlantic’ Atregt Terminal~=Str Kermit, [Lander Street Terminal—tr Alawka Hanford Btreot ‘Terminnl—#tr Nictheroy, Plor | Pler 6 Plor & Plor Pler L, 8. ringe—ste ‘Mtr Diana odd U, fterwon, wr TiJo Hound Bridge & Dredging Co, Patterson, ‘Verminal Bonnett, ottloton'a Mill t Heattle K jeffernan's Dry Dock Rainier, ya Toy No. | Went Heattio | Winslow Marine Tatlway no, Hophie Christenson Krune, bktna Anne. ¢ Crocker, barge Coqulth 8. 8. Pioneer, atr Company—Hehr Lottte “Ste John C. Kirkpatrick, Btr Mleratad, Str Akagway, ate it Sanwan, Mtr Madinon, ‘Training Atation—Wagle fi Mate myn, Oity rn Camas K. V. rr OPPORTUNITY Star Want Ads .W,, frame reate | 1 m., 10.6 ft. || Achilles for Ma-| y +) Globe Grain @& Mitt. Produce, Agriculture, Shipping, 1 New York Stock Market Wednesday's Quotations Yurnished by Logan & Br 810 Second A: Btock France Linseed dumatra Huger ago| , | Austin Auto Knitting B, & O, Heechnut [RT | Mrookiyn Bai | Hutte Cop. & Zinc... | Hutte & Superior {au an Zinc & M. do pid ... Centra) Laat is only ono mant-|¢ ent Copper o Copper... t Peabody . p Tat Clea Grap ona. Crucible Bteet Cuba Cane Bugar jo ped Amer Del, Lack, & Davison Chemteat Kodak” Stor, Battery | Famous Piayers do pta Fedarai | do pra. | Pith Ave. ¥ Mae” Granby [Great Nor |Green Can | Guante: Hayes Wheel Hartman Corp. Household Prod. Houston Olt ., Mudson Motor Hupp Motor Hlinols Central... eee Seattle Stock Market Furnished by 1. M. Harris & Co, 117 Cherry St. BANK STOCKS ftock— American Savings Rank Hank of California Canadian 1 I | Nat. Bank of Com ational City +] Beattie Nationa |Hoattle Title Tr: | Union National | Industrial Stocke— | Atbers Bros. con | Albers pra | Aero Alarn | Alaska Bteamship | Carnation Mite Prod, pta Centennial MIT Jeral_ Telegraph her Flouring Mills eral Petroleum com Milling ptd. ri Globe Grain | Goodyear (Cal) p Hawalian Bugar Honolulu Plantatt co H. Illy Yew World Life Northern Lite Oahu Sugar Pacltio Alanka Pactfio Gar Pacific Coast Bi ncific Gas & Elec, nc. Tel & Tel. pt. Plonecr Milla (rugar) , Puget Sound Power, pid. Reld Bros. pfd.. Sperry Flour eom Sperry Flour pfa . Superior Pi Todd Shipyards 7 Zollerbach Paper pfd eee Wed n Normal value $4.866,. $1.00, nadinn « Belgian tra » Swine Cran Italian Vir 26,80 ot... ORO Ct... HR OLN... 20.20 ota, De Austrian er + Holland Kumantan Spanish pos eae 19.50 ota... 19,00 ctm,.. Wear NEW YORK, Oot | change opened higher, francs, $0 45 lito, $0 40.0400; marke, 66,000,000 Jar NIgW change ¢ $4.49, £0,001 16 ; Holgian $0,001 145 dollar, YORK, Ont, ned lower franoe, flori Bia 340.003 90.00 Tire & Rubber 45.00 98.76 Foreign Money Status endny's Quotations & Bryan id Ave, Benttle Pronent neh frane | .. German marie || . Swediah krona, Norway kron inh Krone... Greek drachma, own 001 869 0 18.31 lol eta, Foreign Exchange Hter! 04 00 to the M—<toralien Storing, demand $0,008), $0 $0,0408, to Ane acl | | is Real THURSDAY ket| Pacific Coast Unity Is Growing, Official Says FAITHIN FUTURE »« ot Californian Reports the Benefits of MAR CHICAGO, h nal r of the KET DU were nah llowing marked by & morning of numerous fuet slumped fra day'a a early buyers wold’ for Feductions in ca juma created & weak tional trading, Outalde kets showed Various cuts, with prin cipal buyers bac Oata strength celpts and bott lower thruout Packers being indisp &n Upturn in hog pr Chicago Bo Wednesday's Quotations Open igh Law eee Oo n rine tiiy 4 ahipping demand dull entire wed Wheat Dee. May | De 204 65.00) 5 | Dey 60.00 value AY Oots 048 © Bote off 0001; otf tho [Iapanese ese Cash Wheat CHICAGO, Oct. $4—-Cash wh 2 bard, $1,080) Phe) Liverpool Grain Welnesday's Quotations Whe Open’ Wish Low Dea TPG tasted Matted Bek Mar tseiad be Tid bo eed be? oer Chicago Car Lots Wednesday's Quotations rn ents Meet. LA. Denver Live Stock Wednesday's Quotations nee marnet irre Cattle mt era and feeders, es Hogs — Recetpts, higher. Tor pie, $8,000 Sheep Receipts higher 1@ 12; He marieet, 1; bulk, market m1 neg Portland Produce Wednesday's Quotations Ratter—«7p bie 1b fag price. 46@5%0 doz N. Y. Sugar and Coffee Wednesday's Quotations Sogar—Weak: raw, $7.2907.66; dull; granulated, $9.16@9.60 Coffee—No. 7 Hilo, on spot Th; No, @ Santee, 16015 : . San Francisco Produce Wednesday's Quotations Batter—Hxtre, £0140 Ib iby firsta, atte ib. Faeee—© 24e do: cusme— 6 Ib. fornia flats, fancy, Foreign Securities Wednesday's Quotations Furnished by Logan & Dryen B10 Second Ave., Beattie Rtocke— sian Ge, 1921, ussian Giga, 1926, Russian 6's, 1919,. French & | French French Britian Britiah ritiah Britieh Relgium Restor. Belgium Promiaim Japanese 4m, 1931 Japaneso int 4? tnd 4ige United Kingdom, 1 ele Hides and Wool Baytng Prices, Balt hides Ifeking, green Ceo. 1 up to 16 Tbe No. 9 Ki fini . . UD. salt cow hides, 7 ibs. or bul Dry y tint ate age or bal Horse hides, Dry, each « Green oF eal Wool yin dry— BANK CLEARINGS Seatilo + sy $6,285,882.55 «1,856,951,10 | Clearings | Balances | Clearings . | Balances Portland | ‘coma, Total Safe Deposit Boxes For Rent $3.00 Per Year Wan.D. Perkins &Co, 211 Cherry St. he x board of trade trading ally ned with lighter re- and wension, to follow ard of Trade Close % 81.064 Lh Shard, sLoeig, | ffelght years tn our history in the | affects the rallroads primarily, but Close | 4} 4| tm all in favor of the Northwest weak a heit-| 10@ 180 87.97.19 Othe selting refined IM @llKe prime firate, 450 | Radishes—Local, + 6,660,264,00 | » 1,475,120.00 | transactions, . 2,458,000,00 | | Eggs. Increasing’ ( PROVISIONS ON: LL and wed ffic masiager of the South ruiway lines Luce was in Seat J. H. Mulchay, of Portland, as freight manager of the rallroa ferring B. C. general agent. San Wednesday with tant , COR v ay Seattle 4 lor, rhe Francisco chamber of commerc all the Luce said, “wants to link chambers of the three coast states together and build a united front for the West. All thru Call fornia wo are finding greater knowledge of, and a greater interest jin, the Puget Sound district, “Without retracting an inch from our claims of California's greatness 4 ® national ‘playground,’ | beginning to realize that you up here |have attractions equally as great, Jand that the two districts together we are make a combination that can't be|cities of the Coast alike is that of |s Jequaled. As a railroad, we have been in a good position to note the bene. fits that have already accrued thru tho increased passenger traffic be tween the north and the south. CITY BUSINESS | 1S GREATLY INCKEASED “It is not only passenger traffic that has increased along the coast, | but freight traffic has gained as well | We are having one of the greatest |interchange of merchandise between | California and the Northwest, and I |understand the samo has been true of the steamship lin “At present the balance of trade We carry more Northwest products south than we catry from California north, From a selfish standpoint, we are interested In the growth of the Jo-operation se of both con In the growing p t traffic al p that th p in such Coast busines realized ger and Coast frelg necting itself as to benefit a That this is being of our own territory Is witnessed b the fact that many Eastern cerns are establishing branch all along the Coast, COAST HAS COMMON PROBLEMS AND FUTURE “We haven't yet started to grow Jon the Paciffic coast, We don't |know what we will be in 10 or 11 years. But wo have begun that we must Nang together for th benefit of the whole Coast, with all of its vacant is and untouched resources, We have common inter ents, and many of our problems are shared in common. | “One of the great problems that affects all the rafiroads and all the to nee lar bringing freight cars West to care for the many agricultural and other products that must be shipped East rail, They cannot be broug! West empty, except at a loas that affects all concerned, including the |shipper. That is why we are fight- ing to be mitted to lower rates to meet water competition thru the |Panama canal. “This ls merely one problem that it affects both Northern and South: ern lines allke, It,{s also merely one of many problems which we are |beginning to realize make the Pa- cific coast one big district, rather than a collection of a lot of little ones. This spirit of Coast unity al- ready has accomplished much for us all, and will accomplish greater things in the future. SEATTLE VEGETABLES Nesale Dealers those made tor With a to produears = 15% for selling cost.) | Artichokes—Per doz. . Beans—Per 1b, | Meete—New, doz. bunche Local, new, per sack. hauling, storage and Nlower-— | Celery—Loeal, crate | Corn—Yellow’ Bantam | Cucambers—Local, Pickling, box . | Een Viant—Per c Peppers—tell, per 1b, Totatoes— Local whites, owt. . Netied Gema, ton 4 | Khabarb—Local, pei utnbagae—Per wack Spinach—Loc | Squash-—Per 1b, Bummer, box De Delicious .... Jonathans Winter Bani King David Pananas—per 1b. Cantaloupes—Standard . Caeadan—Per Ib, Washington, Ground Cherries—Dox . Honey—-Comb, pet case Strained, per ib. . Huckleberriee—Per Ib. . Lemone—Fancy « Choice Plume—Per crate .....5 Prunes—Box Watermeloa—Per ib NUTS Prices Tald Wholesale Dealers Sack Lots Almonds—t. X. L., per Ib. Peanut per 1b. | Pecans—Por tb. oa Mixed Nuts—Por Ib, Walnate—Cal., No. 1, per Ib Jumbo, budded, per Ib. Fancy budded, ‘per 1b, DAIRY PRODUCTS Prices Paid to Shippers Butterfat— ‘A grado Seattle deliv Eges—Fresh ranch, white shell, Mixed colors Pullets . Milk—Cwt., f.0.b, Seattle suppl 2. 0, B. condensery.. DAIRY PRODUCTS: Prices to Retail Dealers Butter—Local creamery, cub Local prints, wrapped. Fresh ranch, white aivell, Mixed colors Pullet Cheeso— Oregon. triplota ; Wisconsin cream brick, Block Swian Washington triplets. Tillamook triplets, old 230 LTRY AND MEATS Prices Paid Wholesale Dealors Rrolters—Per Ib, Live, B fat, per I 4 Ibe, and up Medlum, live, 214 to 4% ibe Live, light, 3 to 3% 1 Se) Fancy, heavy: 080 POULTRY AND MEATS Prices Puld Wholesale D Ducks—Dronuod, per Hens-—Drowsod, Iv Dressed, Meht Live, heavy, 1b. Live, mht, Ib Hrollers—Dreasod, por Ib. Geene-—-Drenwod, per Ib. Tarkeys-Fancy, dr Live, faney, 1b. Delgian Hares. Dressed, p Cows--Country. Hoge-lanoy |b) Venl—lanoy, ieht .. Heavy, vonr Mediuin, d LIVE STOCK Quotations at Stockyards Catton VCO BLCCEH srveereerenens 6.50@ 7.00 MARKET, Smooth heavy Rough heary Pike Prime lambs . Common to ¢ Yearlings .. Wethers Ewes a FLOUR AND SUGAR Floar—tocal blends Family patents . ‘ane, per owt. per cwt. .. HAY, GRAIN AND F) Alfalfa Hay—Piret gre ftraw Corn—Whole, yello Cracked and feed mea! Barley—Wholo feed, 10 | Rolled and ground, 40's Onte—Whole feed, 100 Rolled and ground, Sprouting, 100s . Wheat—Recleaned feed, Mixed f AUl-Grain Chop—s Chick Feed—100'8 136 Cocoanut Meal—100" Cottonseed Meal—100" Western oyster, 100 LUMBER OUTPUT CONTINUES HIGH New Business Nearly Equals High Production Level One ‘hundred and thirty mills re- porting to West Coast Lumbermen's association for the week ending October 20, manufactured 105,982,878 fect; sold 103,912,818 feet, and ship- ped 97,886,894 feet. Production for reporting mills was 20 per cent above normal. New business was 2 per cent below pro- duction. Shipments were 6 per cent below new business. Fifty-four per cent of all new business takeh during the week was for future water delivery. This amounted to 56,612,892 feet, of which 29,565,990 feet was for domestic cargo delivery, and 27,246,902 feet export. New business by rail amounted to 1,414 cars, Forty-three per cent of the week's lumber shipments moved by water, This amounted to 41,976,968 feet, of which 80,958,636 fect moved coast. wise and intercoastal, and 11,018,332 feet overseas, Rail shipments totaled 1,701 cars, Local auto and team deliveries totaled 4,879,926 feet. Unfilled domestic cargo orders totaled 143,990,896 feet, Unfilled ex. port orders, 162,711,989 feet, Unfilled rail trade orders, 6,115 cars, In tho first 42 weeks of the year, production reported to West Coast Lumbermen’s association has been 4,282,090,899 feet; new business, 4,+ 288,688,048 foot, and shipments, 4,414,- 797,859 feet, New Alaska Railway Head Comes Monday Leo Hf. Landis, new head of the Alaska railroad, succeeding Col, J, Ci, Steese, will arrive in Seattle next Monday, sailing November 3 for Alaska, according to a telegram received from him yesterday by the Chamber of Commeree, Bethlehem Steel Declares Dividend NEW YORK, Oct, 26.—Bethlehem Bleel company today declared its OCTOBER Estate, Building ,.°, GARY DECLARES * Indorses Coolidge as Leader of American Business YORK, Oct Hearty tn Coe was Elbert H American Iron fe 2 fi 2 by Ju t of the office the Iron tel Commodore, the bus ary said é If the business men will do their part and keep with the president and ixtants in conducting thelr af nformity with the hig h we belleve actuate the ident in the nce of his | dutie e, there reason to fe will be serious financial or commercial 4 epression during the a made at a meeting of t the He m full of optim! re, for f no a turba TO PROGR OFFSET BY ADVANTAC ‘Th p are, as alway es to the naturs in the Uni ‘There are the turbulent condition: [in other countries, the unreason , high and burdensome taxes, e and municipal; hig! ‘duction, in some lines uncon- able, and the high costs of liv- brought about largely by those in the most. But there are many reasons for | confidence in the economic future in this country, outside of those which are basic and paramount, including Jour enormous wealth and immense yearly income, which increases the years"go t “It may be stated with confidence that the outlook is good. “Let us have faith in the fu- ture and do our part, proceed- ing always with good judgment, prudence an dwithin the limits of our resources, but steadily forward towards the goal of our prosperity, which we know is ahead, and will be greater than ever before.’” Gary devoted a considerable por | tion of his address to reviewing the career of Mr. Coolidge. Quoting from |the president's attitude toward busi- ness and industry as atready re- |vealed by his .words and actions, said: Turning to the European sit- juation, Gary said that while the United States undoubtedly was af- fected by developments there, “it 1s doubtful if our government can at present be of much assistance in attempts to restore the equilibrium Voltuntary advice or sympathy just |now would not be acceptable. Prac- jtically, we can be of benefit only by example, “It would not be appropriate for us to take sides in European con- \troversies nor to condemn individ- j ual attitudes or conduct, but we jknow the great seas are not wide enough to separate us from the in- fluences of disaster in Europe.” “But, while America is affected by European developments it is not dominated by them,” Gary empha- sized. “Wo are, or at least we may be, independent of all other countries, so far as business pro- gress and prosperity are concerned.” Gary opened his address by con- gratulating the members of the Iron and steel institute on the fact that the 12-hour day had been abolished in the industry. “We pledged our co-operation with President Harding in the ef- fort to eliminate the 12 hours in our industry as soon as it should be practicable,” said Gary. “Gen- tlemen that pledge has never been Postpond unnecessarily, Everyone familiar with all th facts will testi- fy to the good faith and nearnest endeavor of the industry.” Gary announced that the steel in- dustry now employes 600,000 men and does $2,000,000,000 business an- nually, NEW HIGHWAY WORK RUSHED ‘The new highway along the water- front reaching Carleton park, Fort Lawton and Ballard districts of the elty is rapidly nearing completion. This roadway will relieve the traffic thru Westlake to the north end of tho city, and will be several blocks less in distance to Ballard. It will also furnish a much needed paved roadway to Carleton Park and the districts west of the port terminals. It is expected that the pavement will be open as far as the West Wheeler st. bridge on both sides of the municipal car lines within ten days. | | ar prosperity To Improve Mexican S. P. Railroad Lines SAN FRANCISCO, Oct. 25,—Four thousand men will be set to work in Mexico immediateéy improving tho lines of the Southern Pacific of Mexi- 0, according to word received here from H. B, Titeomb, president of the company. The chief work will be construe. tion of 108 miles of road from Tepic to La Quemada, which will connect the present lines with the Mexican National railways to Mexico City, giving a new route to the Mexican. capital. Eleven million dollars has been ap. propriated for construction work, Class 1 Railroads Make Good Showing NEW YORK, Oct, 26.—The first two statements on September earn. ings of Class 1 raliroads indicate fa. yorablo conditions as compared with last yoar, Anticipating the returns for the Eastern carriers, it is belley. od the statement of hard coulers will prove none too good because of the cessation of anthracite mining opera. tions for the first 19 days of that month, regular quartorly dividend of 14% per cent on common stock for the period ending September 80, Net income was announced as $4. 400,003 after interest, depreciation and depletion charges, as againat Hoy. 426,471 to the preceding q