The Seattle Star Newspaper, October 26, 1923, Page 20

a ey Customs District Has Best Month in Year Juty rd mor customs dis of Wa fording to t eport Just. Issued collector of « of exports ports of the state i yaluo, the next | the year being Jar 000,000, Forty-six countries were r ed | nthe trade of the pc was the principal O¥er $18,000,000 tn the impo umn and n ree and million on the side, ¢ Was next with eight and a hal and one and a third millions respect ively, while British © a and the Yukon were third with two imports and one m exports. smallest amount re: led was P ma, with $190 in in rts and no ex ports. Imports and ent ports of th wa pres J ystomer, hav a if the differ were as Tmports s2naieaat + 16208408 ex Beattle Bellingham .. Rverett . Port Angeles Port Townsen Sumas . $94,195,415 99,22 WILL L REOPEN KANGLEY MINE © The Bellingham Coal Mines com- pany will reopen the Kangley coal Mine in King county, according to AM announcement made Thursday > The Kangley mine is one of the old- est mines fn the county, and !s situ. ated 30 miles east of Auburn. “The Kangley mines produced Some of the best coal ever mined in the state,” John C. Eden, president of the company, declared. “It was abandoned several years ago, and {ts Teopening ts due, among other rea- fons, to subsequent !mproved meth- | Ods of mining. Summer Rates for 1924 Are Announced Summer excursion rates to East. ern points for the season of 1994, ‘whl be made by the Northern Pacific , tt was announced Thursday. "These rates are practically the same | in effect during the season of | _ 22 to September 18, and will be good | million | TREET JOURN, Substant New York § Thursiay’s Quotations eet Bugar Bosch Magneto Car & Fady Caa Metals Safety Razor & Com ere & Te. Tobecco Com. 1035 “B do : Wat Amer, Mim Beth. Steel Com Booth Fisheries | Brooklyn Edison RT. Brown Shoe Ratterick elit Pete Can. Pacifi cM. & Bt } 40 Bld .ececcee {Central Leather...) do ptt Carre de Pasco. Chandler Moto [Chesapeake & Chicas Chicago & FE. do pta ese Chee. & 6. W. pid. |Chieago @ N. W |Onicago, Ri. & Pac do 6% ped... : | 40 T% pta le Copper att Peaboyd }Coca Cola ... Colo, Fuel | ores One Cem... Onis. . Columbia Oraph. Commer, Solvent lComp. Tad. Ree. | Cons. Gas ... Cons. Textile Cont. Can . Cont. Motors | Conden \Corn Product }Cuden Dom. Sugar Del Lack. & W Minneapolls, St. Paul, Duluth, Super. | for, Kansas City, Omaha, and Touls, and will be on a basis, approximately a fare and one-} tenth for the round trip. E Bigelow Building Nears Completion fe The new seven-story Bigelow building at Pike st. and Westiake ave. Will soon be completed. Elevators | | ate to be running on Nov. 1, and of-| fice space will be available not later than Nov. 15. It will be one of the ‘Major office buildings to be comp! ed in 1923, and will be tenanted by both business and professional men. Financial Flashes “ma James Macfarlane & Co, 811 Second Ave. ‘Twenty industrial stocks average $7.13, a decrense of .24; 20 rail stocks @verage 78.41, an increase of .08. eee Canadian General Electric direc. | tors unanimously approved the offer “Mate by General Electric Co. for Durchase of former company's stock, Producers & Refiners declared a “quarterly dividend of 87% cents on preferred, ‘Months ago. Dividend action on | Common schedule for November 28, z see Kelly Springfield Tire has made Tangements with General Motors to | Supply tires for original equipment to @ number of genera! passenger car divisions, , New York Central Operating income for September $6,- “011,007, an increase of $2,043,072, or 39.98 per cent over last year. Foreign Trade The foreign trade bureau of the| tle Chamber of Commerce has! Fecelved the following inquiries in P thie foreign trade field, information | concerning which may be obtained at | he bureau: (1376)—Firm in Canton desires “connection for sale of Chinese mer. se, ~ , (1,377)}-—American salesman in Lon- don will act as buyer for woolen, | | eretonnes, cutlery, etc., of England “and Scotland, also Unens from Ire. land, > 1,878}—Broker in Mexico City wit! | Act as selling agent for cocoanut oll, 4 soya bean ofl, and copra. + 4,879}—Chieago commission brok- | ers ask for list of importers of pen- nuts. TRADE TERMS STOCK Stock im the.portion of “capitaliza tion” not represented by “funded debt" There may be several kinds Of stock, such as “preferred,” “com: mon,” “debenture.” The stockhold. fF, era are the owners of the business and ganume greater risks than the | f bondholders and other — creditors Whips claims must all be provided before any benefits accrue to holde: f compared with $1 three| | net railway st. | Be Erie . do ist pfd . | Goodrich Goldwyn Pictu’ Hartman Corp. Hou on. Hudson Motor . Hupp Motor Tlinola Central Inapiration Int, Cement Inter, Comb. Engine. A Inter. Harvester .... Inter, Marin do |inter. Paper ; Invinetble Ott Inter, Nickel Jones Bros. Ten. | Reily Sprini ‘ Kennecott Copper | Keystone Tire . [Lehigh Valley « |M | Maawell Mo. | Miata States Oil Midvale Montana Power . | Montgomery Ward .. Moon Motors | Mother Lode Coal | National. Acme . | National Binoult oiee 7 National Lead . 117 |. ¥. Central ‘orth American | Northern Pacific . N.Y, Air Brake .... Natl Clone & Buit.. . Tox, & Mex... At Le... Otte ‘Steet : Hottie . Orohieum Clroutt Facile Liberty Bonds Thursday's Quotations nished by Logan & Bi 819 Second Ave., Seattle High Low 100,02 99.90 Tid Ma ates kann Ay: tee jow 44a. Stock Market | “ an ts * aK) 10% ae FSSFEPFESE FSESTR FEER F. FREE = are Clone 100.00 1) 4 United Kingdom, 1937 : AL, tates Mealty Steel Cas. York Cienira off 1; Tes cluded CORN SUFFERS FROM SETBACK CHICAGO, Oct. 35—Altho closing fractionally higher, wheat and corn ffored ertbacks with late realis the close of the Chicago board « trade to@ay Oate were unchanged tc ally lower Wheat suffered from early fraction buyers aold ble & statomen far t ' a of grain t corn | showed July showed a frac | selling In May ‘ of buy }tional gain with a fair clas ing by longa |, Onte held substantial gains up to the last hour of trading, but |slumped when weakn: tn other leraina reflected on thie market Provisions eased off ligne y from Shunt day's high with ri |, There was a wood foreign ‘Semand| |for lard. . ‘| Chicago Board of Trade ‘Thursday's Quotations Nigh $.0T% Ly 1 1.05% LOT ™ 1% WUCAGO, Set. 25—-Cash wheat—No, ed, S110; No. 2 hard. No. hard. $1,084 @1.09 Chicago Car Lots Tharsday’s Quotations wo Recta. Cont Corn Cate ye. , | Barley | Portland Produce ‘Thursday's Quotations Datter—139 ie I» Sage Be price, @She Cox | ing price, 19@800 dos. Cheese—24'4 Ohi6 Ib. Hens—16@ the Ib, well Denver itis Stock Thursday's Quotations | Cattio—Recsipts, 1.498; market steady. ort cesmmn. hg Tte; sews and. heifers phe stockera and ines el gd 1 t market. to the higher! tee, “miei er lambs, 11191235; vwen 58 bulls, 1.190; market Hogs -Riacet pte. $7.48; bulk higher. Top. ” strong feed~ a8. | San Francisco Produce ‘Thursday's Batter..Ettras, S040 Id; |_ #6 MR; Pirate, 44%0 Ib. Faxe—Extras, fe dow; extra 44%c don; undersized pullete, pullets, ihe dom Cheese—Callfornia fate, fancy, 38 %e Ib . N. Y. . Sugar and Coffee "4 Goctations rey Secusttine Thursday's Quotations Russian 54s, Russian 6455, |Russtan 6159 French French 4s, 191 Tench Ss, Britieh 68, 1 panees ind 4 United Kingdom, 1 wsiwocrsamnocnwn SSSRSASSARASSoie Itallan Cons, 5s Foreign Money St Status ‘Thursday's Quotations Furnished by Logan & Bryan $10 Second Are., Beattle al value Present value 6. Sterling « Zz Wan franc..4.99%4 etn Austrian crown.,0014%o Holland florin. 34,34 ote Rumanian lol...4.7 Spanish peseta..12. SSSSSSASSSeser> cts BANK CLE ‘CLEARINGS | - $6,539,476.21 | ari 1,583,486.21 | Portland +» 7,462,884.00 + cece 1,198,127.00 | Tacoma | Total transactiona,. 2,517,000,.00 | Pied ada 2 arhind eS dhs Foreign Exchange ‘Thoredey’s Quotations NEW pAebat iF, Oct. Foreign | Clearings . Balances . New York — Market Unsteady NEW YORK, Oct. 26.—The copper moraiization, It has been | shed that metal can be purchased | below 12% cents per pound, delly ered, for domestic consumption in |the outside market; it in at low aw 12% cents In some quarters, WARM CROPS. from tho field, tured ears, bl aaes ~Plok choosing from strong, seed corn well-ma healthy Hone | Be: ets) market has the appearance of de- | entan- | ted as | THE 5 great 1 mark Atte ever, the « usinens to der First, the widely ance went Into the volume of bankers sharply diminished. urged trade ao- ard; next ptances One by one, the acceptance which had blossomed in days of our foreign tra years agoy lost their earlier en laem Bor wernt over wholesale to the bond busines: w it appears that London bankers, Bhroder & int branch in New York, solely in the acoepta The firm, organised in of the most far houses in the. world & leading seou also active and South Amertea. man origin originally has by virtue ¢ * pociat a become teh firm tn mye Bankers ar ma great four the boom the expert eneed J. Henry business 1804, internat! and in London underwriter, It ts inental Burope Altho of Ger Bhroder & Co. ng British op practically a Brit pathion and ied t is one wonder,” com: ments Time, hat Bhroder & Co, sees in the American acceptance business.” It is asked, does the Lon don ho believe In the future of acceptances here, or ia tt simply de termined to take over a remainder business here of wh New York | |bankers are tired?” SEATTLE MARKETS VEGETABLES | Prices Paid Wholesale Dealers | (The prices given are thoes 1 | tall dealers by wholesale searonal exeeptio transportation to Bea' 16% for hei storage and | artichekee—Fer dow Beans—Per th L0G LIF 190 18 Oniens : Pickling, basket Local, steen, Parviey—Leo., & Forenipe—7i * Reppere—tell, per rs | whites, owt. ‘ ed Gere, ton . 36.009 90.09 Radishes—Local, don bunches Rhoberb—Local, per 1d, ... Hetabages—Per sack Spinach—Local, per be: Aquesh—Per ib. Summer, box . , ve butiche neon + 000 06 1.9601.09 Prices Paid ‘Whelanie Dealers Delicious prime firsts, € i Cocoan | Wige—-Cal, white (reone bertles — | Grape Frait—Cal. | Grapee— Tokay, crate | INES evseee tom, be : Box . Meney—Comb, per care . Strained, per 1d eh leberties—Per Fj Fancy budded, per Ib, DAIRY PRODUCTS Prices Paid to Shippers Battertat-— |_ A grade Seattle delivery... Bene—Fresh ranch, white shel Mixed colors .. Pullete ... ‘ Mik—Owt. fob. 8 ¥. 0, H. condensery., DAIRY PRODUCTS Prices to Netail Dealers | Batter—Looal creamery, cubes, Local prints, wrapped | Rane Fresh ranch, white shell Wisconsin cream brick. Block Bwiee ss. ves Washington triplets a Tillamook triplets, old. 0 POULTRY AND MEATS Prices Paid Wholesale Dealers Brotlers—Per ib. . Capons—Live, fi ~% | tens Belgian Hares’ The. and up Turkeys—Fancy d. p., young. | Live, fat, per Ib. . ‘ | Hossters—Oid, live, per Ib. Hoge— Choice Nght .. Panoy, heavy, 180-200 ibs. POULTRY AND MEATS: Prices Paid Wholesale Dealers Ducks—-Drensed, GeesesDreaved, per. Ib | Turkeys—Faney, dreawed Heavy, coarne Medium, dr LIVE ‘STOCK Quotations at Blockyards + 6.800 + 6.000 + 4000) + 4abe + 6.0001 2000 y Tough heavy . © 6.50 Pike oy 4 OO@ 7.60 p— Prime lamba ..., Common to eivoies 4 Yearlings +646 TTLE jot flesh with STAR Eight Months’ Earning Promise Good Dividends JOHN CARSON ny « to have a net prof curly earning im entimated « t months rted by the roa te commerce commision roads will pay approximate 2,000 am {nterest th indebtedness, leaving $65 000,000 to be used for 4 The stock value cluden the good and bad water of the last 76 years 000,000 t ole of this yea ds to the and and in $7.24 The commission's ¢ ates alc the average dividend th be able to pay on their ¢ will be #.9 per cent, rer be more than 9 per oer rur the fr next two mc instances It per cont bru t the New Corporations YMPIA Metal Hpectaity Mfe 060; 1. G. Blumvere To deal im and na Fred Pratech, Lupton, A 6. Munting JM Re Ladiey ity etn, Aanen it reve nine Co A haapp ® pe Lyae Dergby FRIDAY, Leading Pre-War Basis | Slowing-Up Process Is Not Yet Com- pleted, Babson Says industry en both @ barometer thermometer accord and a usinews, ne Roger W whose an ates have just eted a mur vey of this great ndustry Stee! prices, mys Mr, Ba in a etatement ts sued today, “tend ral business—to act as r in measuring, rough. Jepression, During the of thin year bus! and price of s advanced per cent January to April. It was evi them that the verdone and bu vatiam on BABSON | to follow ¢ a therm: ly, pr ens tive the fr der m tt improveme had beer ness took to caution and co 4ition still prevalent tron and steel prices very natur- followed. For the peat six nonths production has dropped and on stendily declir to date, I or pro low point iser 4 con prices have b Despite the do not tee Ajustme! steel pri ached the CEL STILL EXCEEDS PRE-WAK PRODUCTION “Tt should be borne in mind that during the war period our producing capacity wan greatly stimulated. The al output of steel tn 1913 wa, about 91,000,000 tons with a produe-| ing capacity of probably 35,000,000 year the ateel industry a basis of more than & rate ma- ually, terially r- len wer of inereasing stock from $160. oupevi Mor r ¥ Horace itelbrook and A. & Morril DAIRY.—Dshorn run together tn the | Use a na and cut off a quarter to halfinc the AGRICULTURE.-Now {a time to pack your bees for winte «Shee t Le 6to FLOUR. ‘A D SUGAR 5 @ugar—Cans, p Dew, per owt HAY, GRAIN AND FEED Alfalfa May ies wrads.. hod and fosd meal Whole feed, 169s d ground, $9'0-100' Oate—Whole feed, 100's ... Rolled and ground, oo Darley 10 tees | actual conditions te, | De ar, However, cows whic t over the previous uction during the nine months of this year stands t above the same the te this country were we could produce atest At between 66,000,000 and 58,000,000 tons annualt nh | "Piven today at the ourrent rate of 100,000 tons, we are producing 1 than we can consume and export should we lone sight of the fact that our European neigh. bors expanded their steel producing » cope with abnormal war ¥ | 40, A) more ates seis SIGN OF BEAR MOVEMENT | “Phe underlying situation = well [defined by unfilled, tonnage—the barometer, which from the low in | 1922, of 4,141,000 tons, ith little interruption to | sin ch of thin year, nthe later, unfilled ton. opped to approximately eral business, as re. the Babsonchart, six nage has 5,000,000. m tn My main thought ts that altho no radical departure from the present | 3 | Price level is indicated, a survey of shows that the| 90 | wel ht in certainly on the bear side, fa it in in most lines today, “On the financial aide we find fur ther evidence of this slowing up, in| the amount of recent refinancing which has been undertaken by some $iof the newer companies, During | Perfods of record-breaking business, new financing, it {s true, may be re. quired by the old conservative manu facturers for justifiable expansion as well as the new ones. It ts a char. a [sharp compatitive period, however, | has) dropped to 10 per cent below normal. | ristic #ign of the beginning of er of funded new offering attract connection hat are new to in when man debt with spec ines appea porate n ment lets “The absence of any new Pe AA | on the part of older concerns at such periods, en It is the time w 6 more experienced agement in serving urces, ing new business to ent capacity and reducing ir rather than taking on head CONSERVATIVE INVESTOR SHOULD STUDY OUTLOOK “Signs of this stage of have not been lacking in and steel industry this year som of the restraint shown by the | ent in with mes always tioeable. rene ebtednens more over the ( ICTOBER 26, BUSINES S—Finance, Produce, Agriculture, Shipping, Real Estate, Building .°, 2 iomtotellbocees att sean camcamcns moll: a trace mera sae Mies orice <s aamasommaans AMEE WILL DEAL IN RAILROADS WILL'Steel Industry Is Still APUET TADS HAVE GOOD YEAR ‘Ship News Tides in Seattle | rapAy oct SATURDAY ie ‘ocr st 7 Yiret High iret Tide High Tide Weather Bureau fae py A a rrivals and Departures rrived—Oct. Motorahip Loch sir Marr from Seward, at from str Kermit for largest factors at the peak of de | Vessels i in Port at Seattle year, now is ap certain of their oinpetitor mand early in the parent, Already more aggressive new « fal by o wayside ‘A few of the seasoned concerns which have const turned sur plus back into equipment without In creasing capitalization offer sound bonds for investment, This is as fr) as the conservative investor should | go at the present time. joard Moortngs—Bte Weet Himrod | « “Those who would purchase iron {ie der Btr and stee! stocks as a speculation must weigh the outlook with the un-| 4erstanding of the position which they accept as stockholéers—that of merchandisers in the commodity, | Success lies in buying when business # slack and the commodity low, to eel] when buxiness is brisk and com: | modity prices high. From this test tt must be apparent that it is not yet | time to look for attractive purchases tn tron and steel stocks.” Siberia to Be New Klondike Later On) _“7%*"*" Hanford Mtreet Termina Street Terminsl—#tr Mictheroy. Petroleum Terminal—str Hoven. 4 Dry Docke—itr Tijon, str Wabash, tr Jefferson. et Bound Brid, Patterson. Terminal Company—Bchr Lottie & Dredging Co— tor—Btr Biersted. Dry Deck—Str Bkagway, str Teche Sanwas, ing. Btation—Eagie Marine Railway—Sehrs Cama. Sephie Christensen, betaee, K Vv. bitne An: ocker, barge Coaultiom "City That Siberia in, lo be another | gi NTIlliiii t | | | by J. B. Fitagerald, postoftice inapect- or, who returned to Beattle Thursday | after epending the summemr on pos- tal Investigations in Alaska, He said that stories brought to Nome by pros- pectors from the Anadir district in- dicate that there is a great gold dis. strict there which will be opened up| as soon an the Russian internal situa | |tion permits. Fuel Men Given 12 | Klgndike, was the ward brought here a Per Cent Wage Raise a DENVER, Oct, 26.—A general in- crease in wages of 12 per cent, af-| fecting all employes of the Colorado | Fuel & Iron Co, in Pueblo, has been |@ranted, effective October 1, the | company notified the state industrial commission today Under the increase a minimum race of 49 cents ix given taborers in ‘steel mills. | a gg a The Eldridge Buick Co. will take | Jj the store now occupled-by the Chev- rolet Motor Co. on November 1 The Seattle Plumbing Supply Co. have taken a tease on the store in | the Firth ave. and University corner |of the WhiteHenry-Stuart buildin, | M. Grinnell & Co. will move to $ White-Henry-Stuart building from 215 in the same building. { frame a * ave, frame Denny-Renton C! frame boller Ce.. 1652 Duwamish, 27at@, 91,350. olden, frame reel- block, frame Bt 1242-6 First MALMO & COMPANY NURSERIES (A Successful Seattle Industry) Cumulative Prior Preferred Stock Dividends payable quarterly on the first day of January, (Exempt from normal federal income tax) WITH OPPORTUNITY TO PARTICIPATE FURTHER THROUGH BONUS OF COMMON STOCK Malmo & Company, established 1898, have a record for conservative It is now the largest grower and distributor stock in the Northwest, its products finding a ready demand far in excess development. of the supply. The purpose of this issue of prior preferred stock is to provide for Local production advantages and established market facilities offer an opportunity to furnish for country-wide mar- ket much of the nursery’ stock previously imported and now excluded by extension and development. $'75,000.00 8%, Callable at 105 PAR VALUE $100.00 ‘ and October Priced $97.50 Per Share TO YIELD 8.2% the recent federal embargo, The ratio of current assets to current liabilities is over three and one- half to one, representing an excess of $174,603.99, or $232.80 for each share of prior preferred stock, Based on past records, earnings appli- cable to dividends are in excess of four times the requirements, Legality is approved by Chadwick, McMicken, Ramsey and Rupp; nursery inventories are appraised by General Appraisal ‘Company, and audit is certified by S. F. Racine & Company. We recommend this issue for investment. ask for descriptive H. M. HERRIN & COMPANY f Phone EL iot- i For circular. Call, write or phone Established 1896 STOCKS AND BONDS VATTLE, WASHINGTON April, July of nursery further information 117 Cherry Street Pe Public Market Fourth Avenue At Pine The Convenient Mar- ket, located in the heart of the new re- tail district. FRESH-KILLED FANCY ROASTING Armour’s Fancy PICNICS 144¢ Lb. Eastern Bacon ..25¢ Pot Roasts .....10¢ Veal Roasts ....10¢ white LARD 2Lbs 30c White Eastern Hams, 2216¢ Ground Bone, Fresh Daily EABOARD MEAT CO. Stalls 19-20, Main Floor Center of Market AT GREEN'S Fancy ous BUTTER, 48¢ Ib, 2 Ibs. Limburger ‘Cheese 2lbs. Nut Margarine 45¢ 350 N. B.C, De Luxe Cookies o¢ lbs. Soft Shell Wal. nute .. 20¢ S- FREE! §5. 00 PHOTO ORDER ON BUSHNELL STUDIO, size 10x14, given Absolutely Free, Yes, Wo Detiver MAin3825 EL jot-19¢8 Market SATURDAY SPECIALS ¥ d Doughinuta ‘te 18c 2 Dos, tor Hallow trench Pastry @ for *25¢ tee don hi essses BOC Boldt's Milk and Home- for 5c hired