The Seattle Star Newspaper, October 27, 1923, Page 14

WNARRAL RDA VEE RAD VE NS PAGE 14 THE EATTLE STAR RDAY, OCTOBER NEW BUILDINGS} TO BE ERECTED) The Ideal Investment Co, has dust purchased the southwest corner 14th ave, and Thomas st. and has be-, «un construction of an apartment | house building to cost over $100,000, Henry ©. Ewing & Co, announced aturday The same company reports the sale of two lots at 16th and Harrison et, on which @ contract for a moving picture house has already been let. / |'This means an tnvestment of ap-| | proximately $0,000, | Tho Henry C. Ewing & Co, also re- | Heading, | ports the sale of business property | eee ly Amps '°RN [In Georgetown containing four lots | 4 at Corson ave, and Corston's Place to| Oscar Swanson. Sale was mado for) the Oregon & Washington Railroad | Co. Rush Work on mn West Seattle Bridge ' Pioneer Sales Building Is Completed MANY BUSINESS) COFFEE MEN TO | LEASES CLOSED GET TOGETHER Important Deal Made in | Hold Banquet to Talk About University District Northwest, Products WALL STREBT JOURNAL FINANCIAL REVIEW NEW YORK, Oct. 37.—No change took place in the character of the stock market in the brief session which closed the week. With heavy | Pressure comiinuing tn many sections of the iist, tho Market was not responsive to the encouraging political news from Hurope and the optim |iam expressed in the Weekly surveys of tho mercantile agencies |. Again It was stocks ike American Sugar ie Players, American Woolen, Colorado Fuel and Iron and issues similarly afte by unfavor able trade developments or a poor earnir tlook which bore the brunt of tho selling and whieh were forced into further now low ground on the current reaction, ‘The market closed {rr on stato products, members| "Sieg BEa, off tyr Gull Beaten Mig, Malae Washington Cofteo Roasters’ | pany, 49%; "American Locomotive, & will give a banqtet and} 5M, UP Mh; Studebaker, " rn Produ ii. to thelr nates forces | Sonia ssh up ment man Opening prices | g at the Rainier club, off 4; Woolen, Ri; Dupont, W. J. Hindley, educational ai Mie ier of UD Mar The Increased activity that is be- felt in all Itnes of busine ttle 1s rofle ing For assisting the promotion of s in| Washt of d in the fact that, Asso ente gular ing ey 1 Texas Com 1 up ntal Can, 47, u ; Baltimor off % ner ath ne oy the past few days m alone—that Inc. ness property one real West & has closed leases of | °Venit sa total) Pr | rector ing approximate. | of uded Studedaket, Americ Famous off 4 ‘CORN PRICES ARE STEADIER CHICAGO, Oct. 26.—Grain rices closed lower on the Chicago board| of trade today, Wheat cloned high-| er, While corn and oats fell off frac-| tnvolvtr Baldwin, 116%, sca ft's " New York Stock Market Friday's Qo: Furnished by I S10 Becond Ave. ciation, will be the speak: | :. ing and will explain | importance of the coffee ry to the state, The eral firms engaged roasting business tn ngton will also make » Point out the ef | fect the coffee industry has on for. a eign ree, the great number of f ie ooh ton) people it emp! its benefits to} ‘Agr. Chemical the Veet Sugar \ rh Bosch Magneto sd | Amer, Can “ de pra Chicie Amer. Cotton Oti do pf Amer, Drug Synai... | Amer, Bapress Am. Hide @ Ln | Amer. Ice | Amer, Tho leases Involved the eve of o great ng of the in the cofffes Western Was ort add renewals but are ot firms or existing firms that exist-| ¢ up | heac made entirely the city new opening at Aa Rumley | Atr Reduction Rubber ar les that go to on from VEGETABLES owing Prices Paid Wholesale Dealers wheat deve the ope pad & wer ted to the ¢ in due to ady and Pennay! no states purchased large | | parce Canadian wheat at lower prices than ¢hose which prevail on | American markets Artichakes—Per don ., Corn steadied after several dips | Hes Tesi and rallied. A fow scattered unfay dos. bunches, erable crop reports resulted in buy The market, however, on near the close, with profit taking| mpted by heavy receipts of new to be a “get-together” meet re of Western firms partiolpat- the Com. s Crescent | | Manufacturing Co, Fischer Broa. ate >. National Grocery Co, Roe i Ank the Rogers Co, Schwa | bacher Bros, & Co, Ino, Wason Bros. | Amer, |Co, and the West Coast Grocery Co. | Amr About one hundred and fifty travel. | Amer. salesmen covering every part of | Amr. Northwest will be at tke ban- to producers the cost of | prox! the mee . traneportation to Beattl Imp mately 16% for haull welling cost.) O., pitas ERIC E BUILDING Set) Among th s is that of the ‘ two story apt t and store| building northwest ot East Way, which is considered the most Important lease that has been nego- tated In the University district for Some time, and which ts added proof of the remarkable develop- ment of business on University Ww This building has been leas- ed to F. T. Jamieson for 50 year and will be followed shortly by the] trection of a large modern store and office building. Marking the expansion of the business of the Sands Motor Co.| Js its lease of the two story and| basement building at 1512 11th ave. for two and a half years at a ren- tal of $7,500. The building ts be- ing remodeled and will be used for the company’s service depart ment. MANY LOCAL FIRMS EXPAND Among other new firms that] have opened in Seattle and old/ firms that are expanding, are tho: that have leased property as fol- lows: The fifth Moor of the Western buila-| ay ane Radiator > Bafety 6 carn pr ~ mip & ¢ $8 | Corn po et LE) “Oats weakened late, Cash houses Amer. Sumatra th fil were good buyers in December and Amer, Bugar tiy [sold heavily in deferred months do pfa .. r) | Provisions maintained a strong Amer, Steel Fady “ fpr Amer, Tol & Tel... 123% Amer. ‘Tobacco ‘Com.149 do pta Water Werks writ. Pa. pid. Amer, Woolen do pf Anacon eee As. Dry Gas ia: ing | the quet. Many entertainment features have been provided by the committee, among them being “up-to-the-minute stories by Lioyd Spencer, corner Am. versity | Chicago Board of Trade Wednesday's Quotations wheat low Close 46% | Dec $1084 81.00% 94% | May Lu Lu |5uty Lory 107% Cora And. On De 1% Fruit ct |xtay ay AtL Gul & es out aN is In Seattle Inspecting the city ax | At; Refining cet. 10. ss 4 site for an American branch fac | do pfd . 7 an tory for his firm. Ho has been | Suetta 4th conferring with J. D. Ross, superin- 12.80 948 The Spokane Street ee Under Construction ae Meise Spokane Street to E “is Relieve Traffic Congestion | Motorists who are forced two | jdaily to line up and walt for an ‘ANG abe |pportunity to cross the congested FRUITS | Spokano st. bridge will have to worry | Prices Faid Wholesale Dealers | klong under that handicap for an- Apples— Delicious -400@2.15| other 15 months; but from then on cgi 1400178) the new bridge, with {ts 20-foot road King Jegtss| way for vehicles, wil! relieve the pang David Pe -60 | traffic worries of the sections served Sapen—-teanéard 23 | by the structure, according to a 43% | statement issued Saturday by D. W. et £9 | McMorria, ansistant city engineer in Q Swiss Concern May Build Branch Here Dr. Walter E. Bovert, director of Brown-Boveri & Co., of Switzerland, | At! son Lia Peppers—iiell, per Ib, 106% Fotatoes— Local whites, :y “ Oate— | De Gummer, Tomatoes Auto K tendent of the city Nght Turnlpe—-Per sack . Baldwin Leco depart- |B. & O. ... ment, and stated that it was quite |, 4° likely that they would select Seat. | tle for the establishment of a plant for manufacturing electrical ap. | eth Steel oe Oct, 28.—-Cash whee’ pliances. ica ey or |1@80 off. No hard. $1.0514@ “ 1.41%: No. 3 hard, $1.06%. Install $15,000 102% | rro: $ ash: ray, ashrdl “ashrdaua. a i Chicago Car Lots Engraving Plant} F. and P. H. Heppenstall have | Friday's Quotations Furnished by Loren & Br B10 Becond Ave, Beattie ing, G17 Western aven has been eased | {stalled & new $15,000 photo en “ a br to the Pioneer Fruit Co. for warehous-|sTaving plant at 819 Third ave. a3 fng, at @ yearly rental of 91.050. they announced Friday. They re- 70 The basement of the new building at| cently go! netr: ph a 606-13 Union st. has been leased to the| ently sold Sut thelr plant and re | Renfro-Wadenstein Desk Co. at a rental|tired from business, but have been ‘ef $1.00, for warehouse purposes drawn into it again thru the in- 4 activity in the city’s bus! “ % y | Oct. #0 i ee Wheat Steel Com Broa. Burns Broa atte Cop. & Zine & Superior... cy iz| charge of the work, “Knowing how badly the new bridge is needed, we are bending every effort to completo it in the hortest possible time,” sald McMor- ‘and are confident that the old bridge will be a memory by January 1, 1925.” With the tedious taskyof driving piling to support tho piers out of the way, and the plers proper within | Six weeks of completion, tho engt- j neering department expects to begin | work with the steel euperstructure | Grape Frait—Cal, +. | Grapes — Cal. Tokay, mY ington, « erate 2. rr bask Central do pf 2, | N.Y. Sou and C Coffee Friday's Quet | Sugar—Tasier; raw, 97 iaetined weak- granulated, $9.10 7 Kio on spot, 11M@11 Ke UG 14 tbo Io, Motors .... © & Ohio. wo & Alton... Chicago & K. MW Chicago & G. W ° ° ‘The store at 1024 Howell st. has been Teased to J. Ghilard for a meat market ‘The store at 150% Second to the Wonder Millinery Co. at Proximats rental of $450 per month. The store at 1611 Fourth ave. Deen rented at approximately $7.009 47 months, to Stong’s meat marke: tat No. 4 Santor, Special Edition to ‘The second floor of the Washington Mutre! Bank building has been leased “fer years to W. T. Hays at « rental Of $2,100. This deal was closed Joint!: with the office of Carter, MacDouald & ‘Miller. $11 Pike st. has been leased to Mr. Casey for = meat market, at a yearly Fental of $600. ‘The store at 608 Union st has been/| Jeased for three years to C. Rasmussen at a rental of $4,200. This store will be opened as the Danish Coffee Shop. 607 Union st. was leased Unsworth for a period at a rental of $6,200. mew home of the Swoe three years I be the t Candy ‘The store at 622 Broadway, by L. Lakahashi for a period of two years at a rental of $1,200, for manu- facturing and wholesaling cider. 1238 N. 45th st. has been rented to ©. E. Btohr, general building contractor, as an office 5401 20th ave. Northwest, has been rented to T. Small for general confec- tlonery business. 7409 Sunnyside ave. has been rented by John Clark for a grocery store. ‘The basement and building, 718-18 Pine st., has been rented to the Ameri- €an Sheet Metal Co. for a shop. Financial Flashes From James Macfartane & Co, 811 Second Ave. ‘Twenty industrial stocks average $6.46, a decrease of .70; 20 rail stocks average 77.78, a decresea of .63. Southern Pacific September net operating income, $403,179; for nine months, $6,561,306, Motor operations said to be higher ‘tan at this time last year. President Bryan of the St. Paul road says that the Septem- ber net income is the best of any month in three years, with net operating income of $2,600,000 or over $1,000,000 ahead of last year and earnings so far this year $5,000,000 ahead of last year. New York Central reports a large increase in September earnings com- pared with year ago. Ratio Federal Reserve System 76.8 as against 75.3 a week ago and 77.6 a year ago, Ratio New York Federal 85.7 against 82.6 a week ago and 834 a year ago. Philadelphia & Reading September net operating income $176,637 as against $1,243,941; nine months $20,- 424,548 against $6,741,276. . Huop Motors will ship 3,000 cars in October, 200 in excess of the schedule for the year. Colorado Fuel & Iron grants gen- eral wages Increase of 12 per cent. Anaconda Copper is posting notices reducing wages of em- ployes on surface and under- ground 50 cents per day. Better inquiry |s noted in copper with tone of market improved, C., M. & St. PB. September net operating income $2,664,107 as against $1,564,107 in 1922, Delaware & Hudson net operating Income $248,070 as against deficit of $162,500 in 1922. SOUTHERN PACIFIC INSURES ITS FORCE FOR $100,000,000 EW YORK, Oct. 27.—Tho Southern Pacific Railroad company has taken out a group life insurance policy for its 90,000 employes, it was announced here today. The Metropolitan Life In- suranca company got the con- tract. This single policy will be the largest ever issued, possibly ex- ceeding $100,000,000 in amount of coverage, to George | | special edition to exploit Seatfle and | © the Puget Sound territory, it was! Tell About Seattle The Union Pacific magazine, a| lrailroad publication with « quarter jot a million readers, is plamning a | announced Friday. Numerous photo- graphs are being collected and the edition will appear early next| spring. Ship News Tides in Seattle SUNDAY OCT, First Low Tide 12:31 a m., 0.2 ft. 645 am, 11.1 ft | First High Tice First Low Tide 7:29 a. m., 11.1 ft. 12:35 p m., 6.8 ft. | Seeond Low Tide Second High Tide| 1:08 p, m., 6.2 ft.) 5:32 p.m, 10.1 ft. | Second ‘igh Tide ace pm, 08 te Weather eat Report TATOOSH ISLAND, Pct. 4a, m— Partly cloudy, wind northeast, 19 miles an hour, SATURDAY OCT. 27 First High Tide oe Arrivals and Departures Arrived—Oct. 27.——Str Redondo, from Alaska at noon; str Lilian Luckenbach, from Boston, via w York, Bal! Angeles, San Francisco and Portia: 6:10 a. m.; str Capt. A. EB. Richmond, 1a. m New York via Balbo: Francisco, Portland, 130 a. m, Oct. 2 itr Glymont from San Francisco via Everett, at 9:15 p. m.; str City of Spo- kane from Tacoma, at 9:19 p, m.; str Admiral Farragut from Oakland via San Pranceleo, at 6136 p. mat : fellow from Honolulu, Los Angeles, San >. Salled—Oct, 27—8tr Northweatern for Anchorage, at 9 a. Oct. 26—Btr Alas- kan for Philadelphia, vis ports, at 3:30 Pp. m.; str Alblostar for Glasgow, ports, at 3 p. m.; att Warwick for Point Orient at noon; str Culburra for Los Angeles, via Willapa Harbor, at 2:20 am. Alaska Vessels Ketchikan, Oct. 24—Sailed—Str Alas- ka, southboun: 5 p.m, ae Vessels in Port at Seattle Smith Cove Terminal—Pier 41—Str Prosident McKinley, sehr Zampa. Pler 49—Str Diana Doliai Bell Street Terminal—S, 8. ©. G. Haida, Pler 11B—S8tr Owego. Pier 7—Str Admiral Farragut, motorship Anvil. Pler 2——Str Nabesna, atr Northwestern, Plor 1—Str Lillian Laickenbach, Pler D—-Str H. F. Aloxander, Union Pacific Terminal—Str Cordova, U. 8. Shipping Board Moorings—Str Anna B. Morse, atr West Himrod. Connecticut Stret Terminal—U. 8. 8, Dis- coverer, str Pioneer, str Clymont. | Standard Ol Co, Terminal—Btr Capt. A. F, Lucan King & Winge—Power schr Ruby. Hanford Stret, Terminai—Str Chincha motorship Loch Goll. Spokane Btreet Terminal—Str Nietheroy, General Potroleum Terminal--Str City of Spokane. Todd Dry Docks—BStr Tijon, str Wabash, str Starr, Puget Sound Bridge & Dredging Co— Str Patterson, Amen Terminal Company—Schr Lottle Hennett, utr Robin Goodfellow, Nettloton's Mill—Str Santa Ini Heffernan's Dry Dock—Str Skagwa: Rainier, yacht Sanwan Henttio Klovator—Btr Sterstad. m—-U. 8. 8, Idaho, Buoy No. 7—Str Madioon. West enttlo ‘Training Station—Bagio No, 67. Winslow Marine Rallway—we no, Bophie Christenson, Meteor, Kruse, bletna Anne Comyn, Chan 3 Crocker, barge Coquitlam City. NEW YORK, Oct. 27,—Following a day in which the defense scored heavily thru the testimony of Id- gar T. Wallace, named a corélpond- ent in tle case, the divorce trial of W. E. D. Stokes against Mrs. Helen Elwood Stokes war adjourned until | Con cnt Chine Copper Clustt Peabody. « Coca ¢ Colo. Fuel Commer. Solvent Cigars Cons. ¢ Cont. Motors . Coaden Corn Products Crucible Steel Cuban Am. 8 do pfd . Del, Lack. Davison Chemical Det Edison Dome Mines .. | Dupont de > Bastman Kodak Electric Stor. Bat! Elkhorn Coal . Erie .. do ist pid do ind ptd Famous Players Fifth Ave. Bus Fisk Tire. fachman Yeast . Foundation Co, Freeport Texas . jon, Asphalt . Gen. Cigars Gen. Electric ..+ do special General Motors . do pfd .. do 6% deb. Gimbel Bros. pid Goodrich Com, « do pid . 3 Goldwyn Pictures ... Goodyear Tire pid... 2 Granby : Great Nor, Ore. Great Nor. pfd Guantanamo Sugar . M. & Nor.. ten Stoel Guilt. Houston O11 Hudson Motor Hupp Motor Iiinots Central Indpla. Ot & Gas... Inapiration Inter. Agi. do pfd Int. Cement Inter. Comb. Bi Inter. Harvester Inter. Mor. Marino do pia . . Paper . Corp. Jones Bros, Tea 3.1. Case 'T. M. Coiptd Kans. City Bou..... do ptd . Kayser, J. Kelly Springfield Kennecott Copper . Keystone Tire Kelsey Wheel Co Kresge 8. 8... Lemgh Valley Lee Tite . Lima Loco. Toews, Inc Lorillard Mack Truck Marland OM . Magna Copper Maillon. Mann Kiso. Market St. do pta Maxwel do B May Dept. i Mex. Beaboard Ol! Mex. Seaboard Ctfs. Middle States 0! Midvale aeeg MK. & T. . do pid... Missourl Pacific G0DEG sve deo svese Mpls, f& St. Louis... ‘ontana Power : ntgomery Ward .. ‘oon Motors ; fother Lode Coal . tl, Bigoult ees Nat}, Enamel & &. ‘ational Lead ¥, Contra .. ‘dw “Haven r. & Went. th A thern Y, Alr Brake ...4 t], Cloak & Bult... Dock ptd Tox, & Mox. Onyx Hoslery Monday when Wallace will again take the stand for Mrs, Stokes, Otin Stoel Owens Bottle Foreign Exchange Friday's Quo! NeW YOR. Oct 2 pened higher, vf rye Belgians, $0.0609; mark | NEW YORK, © [change closed hig! Merling demand, }s449%, up 1616 nem, $0.0504, up | 90.0012; 1 19.0653%, wp $0,0002% I melgian, $00512%, wp $4.0008% ;>marks, 70,000,000, 060. Merling demand, Ire, $0.0453 %; 0,000.00 Foreign ex-} San Francisco Produce Friday's Quotations «= 480 1b; prime firsts, 450 Cie tb tle Gon; extra pulleta, dersized putiets, 286. doe hats. fancy, 200 1b. e Botter—r~ feats Eere—Pxtras, (6%e dor: vu Cheese—Califo; . P Foreign Money Status Friday's Quotations Parnished by tor 810 Becon Normal value $4.ne6. $1.00 119.20 cts. «French franc Belgian franc wine franc -Italian Ur {German mark 6600001 %c «Swedish krona, Norway kron .-Danish krone... +: Austrian crown, 0014 %%6 19, 60 ctaRumanian lol... 19.50 cts. -Spanish peset. vee Liberty Bonds Friday's Quo’ First 236s Firat 4s. Second 40. Firat 44 Second 4%a s: Third 4%\a.. Fourth 44a Now 44s. 98.31 97.31 99.80 Foreign Securities Friday's Quotations Farnished by Logan & Bryne 810 Gecond Avo., Seattle Btocks— Russian 64s, tthe Russian Sige, Hy Russian French 6a, French 4, 1 French 68, 1 | British 6s, 1 British 5s, 1 British Vict. 44. British Ref. 4s, Belgiim Restor Belgium Premium. Japanese 4s... Japanese Ist 4% Japaneso lat 4i,0. Japanese 2nd 44 United Kingdon United Kingdom, 19 3 Italian Con 6s. Anked a RAM K CLEARINGS Seattlo $6,183,327.63 +1,620,344,73 Portland t | Clearings | Balances . | | Clearings Balances , 7,805,150.48 1,165,926.42 Tacoma | Total transactions, 2,358,000,00 awe Orpheum Cireult ., 11% Packard Motors Peoples Gan 4 Marquette Pennsylvania Phila. Co. Attorney William A. for tho past 10 ye fices with Boll & MoNeil in the old New York block, hax become a junior member of the firm of Bell, McNeil & Bowles, Tho new law firm has a gulto of offices on the 12th floor of the new Dexter Hor. ton building, where they are al. ready, installed, Tho firm is the Bowles, who rs has had of- first Yo obtain quarters on the 12th floor of tho building, Walnute—Cal.. No. 1. per ib.. 2 Jumbo, budded, per Ib. Wancy budded, per tb, . DAIRY PRODUCTS Prices Paid te Shippers Dattertat— A grade Seattle deity Egre—Fresh ranch, white Mixed colors Pullets Lo.b. Heattic suppl Milk—Cwt., ¥. 0, . condensery. DAIRY PRODUCTS Prices to Retall Dealers Batter—Local er pped Mixed colors . Pullets Cheeso— Oregon tripleta ..... Wisconsin cream brick. Block Swies ... Washington triplet 4 Tillamook triplets, ofa... se POULTRY AND MEATS Prices Paid Wholesale Dealers Broilers—Per 1b, Capons—Livo, fat, Fancy dp. . Hens—4% Ibe. and’ up: Medium, live, 3% to 4% Ibs. Live, ight, 3. to 3% Ibs... above live, 2 to 12 Ibe... in Hares—é ibe, and uj ancy d. p., youns por ths pe Roosters—Old, live, per ib Hoge— Choice Ment . Fancy, heavy, 160-2 °: POULTRY AND MEATS Fricee Paid Wholesale Deslere Ducke—Dronsed, p Bone--Dresseas Neary Dressed, ht + Live, heavy, Ib. Live, Mgnt, Ib .. Broilers—Dressed, per 1b, Geese—Dremned, per ib. Turkeys—Fancy, Greesed Live, faney, Ib. Belgian Harey—Live, por ib Dressed, per Ib. Cown—Country dressed, Ib, Hoge—Fancy block Veal—Fanoy, ght . Heavy, coarse . Medium, dressed. LIVE STOCK Quotations at Stockyards Cattlo— Primo steers ... Medium to good’. Choice hetfers . Choice cows . ptr ety Smooth heavy . Rough heavy Pik sess Sheep— Prine lambs . Common to chol 6.50@ 7.50 0@ 6.60 1.00@ 7.60 FLOUR AND SUGAR Wholesale Prices Mlour—Local blends HAY, GRAIN AND FEED Alfalfa Hay—First grado Corn—Whiole, yellow, 120 acked aid feed ‘meal, Barley—W holo? too Rolled and ground, Oats—Whole feed, 10 Rolled and ground, Sprouting, 100" . Wheat--Rocloaned feed Mixed food, $0'n All-Grain Chop—S Chick Feed—100 Chick B, M. Mai Growing Feed—10 Eeg Ma Seratoh 80% Linseed Oll Meal—100" Soya Bean Meal—100 Alfalfa: Meal eats Granulated—100's Charcoal (hardwood, Fish Monal—100's Grit—Limestone, Granite, 100's 100 | Mylrot & Chapman, Th Meat Serapa— Kanter: Bhell—Bantern oyster 10 Western oyster, 100s by the first of the year, Shipments of steel from the Bethlehem Ship: building corporation, of San Fran- Inco, are expected to arrive within fow weeks. Not only motorists, but shipping men, will be benefited by the new bridge, the engineer sald. The verti- cal clearance will be 40 feet, an in- crease of 12 feet over that of the bridge now in service, and the time necessary to operate the bridge for large ships will be cut from six to three minutes. An idea of the magnitude of the work {s carried in some of tho fig- ures on materials. The main span, which will measure 288 feet from center. to the center of the trun- nions, will contain 2,000 tond of ‘| structural steet. On each end of the center span, an approach span of 137 feet will be required, and the machinery required to operate the bridge will weigh 160 tons, General Electric to Effect Merger NEW YORK, Oct. 27.—Directors of General Electric met in yw York yesterday to confirm the purchase of control of the General Electric of Canada, Just as soon as word reaches the head office of the Cana- dian General Electric here, an offi- clal announcement of the terms will be given out. It ts probably well known that preferred stock of the Canadian company, amounting to $2,000,000, chiefly held in England, is to be redeemed at 115. Common shareholders, it is stated, will receive $62.50 cash in American funds and a $60 share of the 7.per cent preferred $) stock for each sharo of Canadian General Electrio now held. Flynn Urges Fewer Laws for Railroads Too much legislation ts hamper. ing rallroads, E. F. Flynn, assistant to the president and general coun- sel of the Great Northern railwayt deolared in a speech to the mem- bers’ council of the Chamber of Commerce Friday noon. Flynn urged greater. activity on the part of those citizens who want to see tho railroads maintained so as to be able to give the best possible ser- vice. Captain W. 8. Crosicy, com: mander of the battleship Idaho, gave'an address on Navy day. Freight Loadings Pass Million Mark NEW YORK, Oct. 27.—Loadings of revenue freight for week ended October 18 reached a total of 1,084,- 468 cars, a gain of 40,786 cars over previous week, Building Permits John Collins, 4616 Woodlown ave. frame roaldence, 26x28, $2,000, attorwon, L.C, Smith Bldg, 7x53, $4,000, $08 Second ave., frame rest- dence and garage, 26x12, $4,700, Kilmer B. Mitchell, 2930 N. 66th, frame renldence, 28x41, $1,000, , 0716 Stet N, frame residence, 44x26, $4,000, Mylrol & Chapman, Inc., 6715 Sist N, DB. framo residence, 44x20, $4,000, Mylrot & Chapman, Ino,, ‘ol & Chapman, Ine, 6 T16 Stat N, framo rosidenve, 44x26, $4,000, A. To 4600 Stono way, frame rest- dence, 34x26, $2,500, M. Cramer, 939 Yakima pl, frame Fouldence, 44236, $2,000. i 1 H,| complete list of all | fied, while the 10th and 1ith floors jwill be devoted to sample rooms, The Terminal Sales Building . . Terminal Sales Building Is First Specialized Loft Structure on Pacific Coast ‘The Terminal Sales building, at First ave, and Virginia st., which is now practically completed and is already being occupied, is something new in the way of Pacific Coast buildings. It is what is called a “specialized loft building.” A “loft building,” itis explained by Manager L. E. Perry, is one that ts not an office building, ware- House, factory or any other type that has a namo of its own. This, he declares, is the only possible definition. However much it may leave to be said as to what a specialized loft building may be, it is easy to get tho idea from the fact that the building will be de- voted to firms that have things to sel] to the retailers of the Pacific Northwest, Salesrooms, showrooms and of- fices of many manufacturers and manufacturers’ agents fill the build- ing. These are grouped as to the type of merchandise in which they deal. On the fourth floor, for in- stance, will be those who make or sell drygoods and clothing. On tho fifth floor will be textiles and ready- to-wear. The seventh floor will have toys, novelties and glassware; the ninth, furniture. All the Inter. mediate floors are similarly classi- which can be rented by salesmen for a day or a week at a time. BUYERS ONLY ARE ADMITTED The building will not be open to the general public. Only merchants who come to Seattle to buy for their stores will be admitted. Others will be admitted only by special per+ mission from a tenant. When the visiting merchant en- ters the building, he steps across the corridor to tho office window and introduces himself. “Ho then registers and is given a membership card which entitles him to the froo privileges of the “buyers’ club" that the building maintains, If ho wishes only to call on one or more firms that he know ho then goes his way to their rooms, If, how ever, he wants to make a, complete trip to all of the firms that handle a certain commodity, he is given a he firms in the building who have that commodity for sale, He can then go the rounds, inspect goods, compare prices and ultimately do his buying. BUYERS' CLUB IS , ATTRACTIVE FEATURE On tho mezzanine floor ts the spa- clous room of the buyers’ club, With inlaid oak floors, overstuffed furnt- ture and an open fireplace, it is a comfortable place in which to rest. A complete trade Ibrary is maintain- ed, and shower baths are close by. The club rooms are open to the buyer's wife if she accompanies him to Seattle. She may pass her time there, or may. go to tho ladies’ rest rooms on the tower floor. It is sig- nificant that on the front door of the bullding two names appear, the one, “Terminal Sales Building,” and the other, “Northwest Buyers’ Club.” The two go hand-in-hand to form one in- separable idea, ‘The Terminal Sales building ts the only ono of its kind on the Pacific coast. Similar buildings exist in New York, Chicago and perhaps one or two other large Eastern cities, but Seattle has the pioneer of thé?West Coast. It is owned by the Pacific ‘Warehouse Co, of Seattle, It was de- signed by Harry Bittman, Seattle architect; built by Hans Pederson Construction Co., Seattle contractors, and was financed thru the Seattle of- fice of W. S. Straus & Co. Shephen A. Hull is the general manager, and Lowell E. Perry is the building ager. To Start Building Apartment House Ground will be broken ne oe for ® new $235,000 apartment e at Ninth ave, and Spring st., according to an announcement by Architect Harry B, Hudson. The structure will be known as the Payl Revere apart- ments, and will be four stories high. It will be built and owned by the Co- lonial Investment Co. | DONT LoSE THAT PAPER! Useo: afeDepout Equant » SEATTLE NATIONAL BANK SECOND AT COLUMRAIA