The Seattle Star Newspaper, October 30, 1923, Page 18

PAGE 18 ~. BUSINES S—Finance, Produce, Agriculture, Shipping, FINANCIAL FIRM HAS NEW OFFICE Logan & Bryan Establish Los Angeles Office and stenlay of Angeles. The office is new Hotel Biltmore, ‘ully equipped in every direct Wire bond an a branch cont , he leading mark nited States and Canada m {s well known in finan in As cial clreles attle, and investment having been located here ov The firm was originally 40 ago, in New York under the name of F, ¢ 1 nee that time it has been panding, until now it has houses, by pri in practically all of the in the United 1 correspondents tn 12 years, establis years steadily ¢ br vate neh connected wires, larger cities and Canada, many smaller cities. of the interesting featy : neh is the fac vol the en of that partment for wire, thruout and Canadian points. office thus acts as the point for a wide territory, gome instances, to Middle poln a : aust is general manager of the firm. New York Factory istributin rvi th Wages are Higher w workers" in Septembe YORK, wages in Oct. 30. New ~ Factory York state se of 29 cents over Aug: ust, and $1.70 over September, 1922, it was announced toda: Financial Flashes From James Macfariane & Co, Bll Second Ave. Twenty industrial stocks average 85.76, e of 25; 20 rail stocks . unchanged. The weekly mercantile reviews reported the general volume of business and pace of industry were being well maintained, tho prices were under pressure mostly from professional sources. Special meeting Tobacco Products shareholders called for November 15 to vote on proposed 99-year lease ef manufacturing assets to Amer. ican Tobacco. General Motors this year earn net profits of between $ 000 and $30,000, equal after senior stock dividend require- menis to between $3.35 and $3.50 a share. For nine months ended with Sep- tember 80, she, Hercules Powses reports fet income of: $2,100,000 after taxes, expenses and deprecia- tion, versus $1,522,044 In same nine Months of 1922, and $2,246,894 in full 1922 year. Opinions of brokers carried in week-end papers point out that stocks are now at bargain lev- els. Seaboard Air Line authorized b Interstate Commerce commission to issue $2,750,000 refunding bonds and | White-Henry-Stuart building October | lad a 764,000 first and cons. series “A’ bonds. Sale of copper has been made at 12% cents a pound deliver- ed, an advance of 4% cent from low reached last week at which business was transacted, Missouri Pacific September net op- erating income $790,751 versus $79, 134 in 1922. The United States bureau of for eign and domestic commerce has re. ceived the following inquiries from foreign firms who wish to represe American manufacturers in th - spective fields, Fullinformation will be given to American firms on ap- Plication to §. H. Bladock, manager of the bureau, building, Seattle: Australia (8003}—Electric generat- ers and motors, electric heating ap- Pliances, automobile accessories, air compressors, cocks and valves, cotton weaving and spinning machinery, fans and blowers, pulleys and trans. mission equipment, pumps, refriger. ating machinery, scales, stocks and dies, engineers’ tools, woodworking machinery. Ceylon (8007)—Motorcycles. Chile (8010}—Salmon, Mexico (8006)—Automobile acces. Bories. Panama (7995}—Catsup, in gallon cans; flour; fruits, fresh; fruits, can- ned; jams; Jellies; vegetables, canned and fresh. South Africa y— Lowman nned meats, Meetings . a J The Kiwanis club will meet Wednesday noon at the Hotel Gow- man. The meeting will be in charge of the education committee, and special music will be furnished | by the Cornish 'Trio TRADE TERMS STOCK DIVIDEND A “stock dividend” is an additional amount of common stock distributed to stockholders, gratis, in proportion to their holdings. Such an operation usually results merely in decreasing the surplus and increasing the cap- italization, without altering the real value of each stockholder’s share in the business, For intance, if a 100 per cent stock dividend is paid, the holder of 100 shares of stock would receive an ad- ditional 100 shares; but the value of each shary would be reduced 50 per cent, so the total value of his 200 shares, after the stock dividend, would be the same as the value of Nis 100 shares before the stock divi- dend, If, however, cash dividends are continued after the stock dividend, at the same rate per share as before the stock dividend, the total value of the 200 shares i» largely increased over that of the 100 shares, States | firm's | averaged $27.41 week: | | district |FAVORS GRAI | CO-OPERATION } DENVER, Oct Colo, 30.—In the wo marketing movement Hes the most ¢ | promising solution of the wheat farmers’ difficulttes, in Eugene Meyer, Jr, of tho fi the opinion of managing director war | nance corporation, who In Denver of the associated, to atfend the conference national wheat growers, which opens today been called nt of the o of rat extension into 26 wheat the control of s of wheat association proposes ar twelfth of thix amount each thereby stabilixing the mar has pres! the purpo: the » conference Jowett, association, for ifying plans seeking the organization |growing states and by $00,000,000 bushe he ton ket one |} month, is TELLS ABOUT FOREST FIRES \Constitute Greater Danger Than Ax, Says Donovan rv to the tim. than wident | lumber | & Speech at the} jeattle nection of the} American Society of Civil Engineers} Monday night Donovan said that the government can do more for con, sorting the timber of the state by spending money for fire protection than by reforestation, “It is estimated that 90 per cent) Jof the 5,000,000 acres of cut-over land | Jin Washington will reforest natural lly If protected from fire," Donovan | |said. ‘Private reforestation is not | economic under existing tax laws |The state and nation should see th the forests are protected from fire and that timber is so cut as to se |cure reforestation at the least cost | He stated that during 19223 the state and federal government spent |about $415,000 for fire protection In jthe five Pacific states, outskle’ the jnational reserves, while associations jot private owners spent over a mil }lion and a hacf. ‘The state of Wash: ington has 235 billion feet of stand. |ing timber, he said, of which 46 per jcent is owned by the state or federal |eovernments Fire is a gr ber th resources of ax, J | |Week’s Commercial | Failures Are 469) | . YORK. Oct. 29.—Dun re- ports 469 commercial failures dur. ing the week ended October 27, as 6 the previous} the corresponding || Business Chisieas | Frank M. Guion Co. will take 320. | 321 Douglas building In addition to jtheir present space, and Barrett @ | Wilms will move to 318-319 Douglas | building. | Sunset Magazine Co. has rented 424 White-Henry-Stuart building. | | The Hollam will vacate 937| 31, moving its offices to Spokane. | | Balfour Gut “ aken 938. | 39 White-Henry-Stuart ing for | [its subsidiary company, ‘The Crown | | Mills. | cos Stuart & Co. and A. B./ Leach & Co. are offering at 96.80 and interest, yielding about 6.80 per cent, new issue of $1,500,000 American | Public Service Co. first Men gold} bonds, bearing 6% per cot Interest, | maturing December 1, 1942. The} American Public Service Co, controls | 11 public utility operating compan serving 52 communities in Oklahoma and Texas with one or more classes of public utility service. The bonds are secured by a first |lien on all outstanding bonds and |capital stock of the subsidiary com. | |Panles, As the first len mortgage under which these bonds are issued limits the maximum rate of interest | to 6 per cent per annum, the addi-| |tional 44 per cent borne by the pres. jent issue will ge issued under a sup- plementary indenture and will con-| stitute a direct obligation of the| company not secured by the mort-| gage. The Middle West Utilities Co. controls the American Public Ser-| vice Co, by ownership of practically | all of its common stock. eee New Issues | ‘The National City Co, ix offeritig |a $10,000,000 issue of 6 per cent ex-| ternal: loan sinking fund gold bonds | of the Republic of Finland, dated| September 1, 1923, and due Septem. | ber 1, 1945. The bonds dre Issued in denomination of $1,000, interest be. ing payable semiannually. Both | |princtpal and Interest are payable in United States gold coin in New York city. Finland agrees to redeem the en tire loan thrti a cumulative sinking | fund, beginning after the second | of the loan, to be used to pur bonds at not to exceed 100 and in-| terest, or, if bonds are not obtainable | at or below that price, they will be redeemed by lot semi-annually. They | are being offered at 90, to yield 6.99 | per cent, * 8, W. Straus & Co, has purchased an {saue of $240,000 of 614% firat mortgage, serial coupon bonds secur: ed by the land and new six-story mer- |cantile warehouse and loft build to |be known as the Terminal Mercantile building, in San Francisco, fronting 125 feet on Brannan st. and 126 feet on De Boom st,, 160 feet deep. These bonds mature semi-annually in two to 12% years and are dated Septem. ber 1, 1923. Interest coupons are pay- able September 1 and March 1 ‘These bonds are callable during the first five years 102% thereafter, They e the di- rect obligation of the Terminal Ware. houre Co., composed of well known San Fi ro business men hended by M. J. ey ,who has been very successful In the management of | similar enterprises in this immediate | ‘vioinity. Ground has been broken at 105 and at | in | Vessels in Port at Seattle FOREIGN TRADE | AT LOW LEVEL Business Is Adjusted Present Situation to Moody's Weekly Review of Finan: | elal Conditic in in Whether in view of th ite fiscal, fin. for five ye chagrin of ns its current imwue Herlin government failure of | ign pol withstand complete al and fc ars can the ni German pec hich naturally shou ica, “But our foreign | already discounted polit: | Bu and the worst seem likel wutter moment ts a further delay val of this trade prices clinging to thelr low lev these firm is a que interes trade Ame haw feat chaos in that we to at in desired rev “Yet tenactoualy recent In tines like to hold owing to the supp autumn trade; activity ter How hold in of the trade ols. It is usual for the thru Oct Influence of the stock market ing but this minate well the November bracing 1 n op Rubber nda are tie c three and the draw ean about ire shipments suffering fre etition which years ag T from January to utterly failed to the iner and cight months’ figures in heavy overproduction. Tires finished goods now being ade of rubber whi about 16 cents per pound than that used tn 1922; and the finished goods themselves bringing about 17 cents per pound of rubber contents leas than sold last year. Thus the margin of profit t» badly réduced If present mercantile, | financial and political, should per sist for a few months longer, ought by next spring or summer to hi 1 hand pretty complete foundations for another era pansion in trade and in and bond markets,"* OIL COMPANY MERGER MADE REW YORK, Oct. 30.--Prairie O11 & Gas Co., one of largest of the Standard OW ¢ offered today to exghange shares its ean! stock for 61 per cent of the out standing capital stock of Producers & Refiners corporation, a Dow Jones dispatch from Chicago maid Tho basis was to be one share of Prairie $100 par stock for 10 shares | of Producers & Refinere common $50 par stock, The privilege of exchanging will be extended to all holders of com mon stock of Producers & Rofinera on the. same basis, A letter cover. | ing this offer is now {n prpparation and will be mailed to stdkholders this week. ‘The closing of negotiations for the August show unr, 1 ane; and | de. livered ch | ts more yet are the good we of ex j control of Producers & Refiners cor. poration means that the Prairie Co will abandon its old fiel ing and purchax enter all phases of the industry and LONDC Oct. 10.—A mitted in Willesden court he has run away from nine times in the last year. most recent trip consumed weeks. Bread “lifted from courta was hia only food. Ship News| Tides in Seattle | 10-year-ol that home just His three} bakers’ TUESDAY WEDNESDAY OCT. 30 OCT. 51 j Viest Low Tide First Low Tide || 1:53 wom, 6.6 ft.) 2:43 a om, 1.0 f/ Viest High Tide Pirst High Tide 9:33 om. 11.0 ft. /10:11 & m., 110 tt Second Low Tide Second Low Th 66 p.m, 7.0 1.1 4:06 p. m, 7. Second High Tide Second High Tide 7 SS Tae pn a2 tt, 1:34 pm Weather Bureau Report TFATOOBH ISLAND, Oct. 0.-—8 8. m, ; cloudy; ‘wind east, fn. | F | . | Arrivals and Departures | Arrived—Oct. 20,—Ste Admiral Rogers! from southeastern Alaska, nc 4:30 om str Lillian Luckenbach from Tacoma, nt Sa. mi wir Dorothy Alexander trom Ban Diego’ via Los “Angeles and Ban Francisco, at 7 m. m.; atr Oduos from Tacoms, at 430.0. im. Oct. S¥cesie| ‘erett from San” Diego via Han Fi 0, at 11 p. m.: atr Arabla Maru trom | Manila via Hongkong, Shanghal, Kobe| and. Yokohame, at 11'p. my mish from Port Angelen, at 10 otr Arizona Mara from ‘Tacoma DB. m; str Nome Ciy. from i Cinco, at 4p. mn.s ete Admin from’ Ban Francleco, at 12:45. p. Salled—Oct 20.—Str Admiral for Anacortes via Everett, Bnd ‘Vancouver, B. Alaska for Tacoma Arizona Mard for T wr Arable, Dora. for Or 20 Bebr Ballingham | ; ate for Oct ports, York via ports, at Str Blue Triangle for # At 6:16 p. im: ate ragut for Los Angeles via Han Franclaco, | at 6 p. m; motorship Frank Lynch for ett vin Tacoma, at 4p, m.; atr Wa for Boston via ports, at 4 p, m.; | Joorgina Molph for Low Angeles vin Tacoma and San Francia at 12:80 p.m Smith Cove ‘Terminat Kohama Maru, Pier 40-—Str Weat Beil Street Terminal—BStr Wheaton, U. 8. LWT, Heather, U. 8. C. G, Halda, | str Hnohomiah. | Pier 11——Btr Owego, U. 8. C. G Unalga Pier 7—Motorship Anvil. Pier 6—8tr Arabia Maru, mtr Everott. Pler 4—Str Nome City. Pier 2—Hir Nabesnn Pler D—Str Dorothy F. Alexander. 6. Shipping Anna f. Mo Plor 41-<ttr Yo- | nchr Zampa, Ison, Alexander, str If v. Board Moorings—str at Went Himrod. Connecticut Btreet Terminal—U, Pioneer, atr Discoverer. Associated Oil Dock—Str Oduna, Centennial Mill—Str Cordova King & Wingo—Power achr Ruby. Atacy Street Torminal—Str Artzontan, Commercial Holler Works——Str_ Starr, Hanford Street Terminal—Str Chincha, Spokane — Btreet orminial—Motorahtp Lochgoll, str Redondo. Todd Dry Docka—str ‘Tejon. Puget Sound Bridge & Dredging Co— Str Patterson, Amen Terminal Company—Bohr Honnett, atr Robin Goodfellow. Colman Creorote Wo Str F Hert "4 Dey Dock—tr I Sanwan, Bagle No, Tinber Co—Str ¥ Ruoy No. T=#tr Madino Winslow Marine Railway no, Mophie Christenson, Lottie 8, Loop. Inter, yacht reat King, Mehra Cami Moteor, IK, and the building 1s to be erected at muce, Kruno, bktne fe {UL & Rubber THE SEATTLE STAR New York Stock Market WALL BTRET JOURNAL FI KK, Oct active at ANCIAL Rt right news had ide the stock exchange der of the Indust “VIEW bearing on securities ntinued the rally was the wont recovery. pid, Baldwin while the rails ¥ ter of the Incoming ning prices included » DOM, up Me; Bethlehem, 47 128%, oft American Woe A i Marine, pid, 31M. up Ameri ern Pacific, 84%. off %; Amertoan Sugar, 61%, up i Pan-American, 66% up te; Pan-American B, i Northern {tie, Ci%, up % New York Stock Market '® Quotations Furnished by Logan & Uryan B10 Becond Ave. Beattle Btook High Low Close Advance Rumley . % 6% th # 6% RS pr a0 al list, reaching @ new high nd Fr mpectlative favorites re generally higher, reflecting earnings wth Mt Studebaker sup i off flee! red fractional the favorable Dup 87 129, off %5 Union Pa rn, pd Houth Tialdwin, 116%, up , Up te; Erie, 13, up GRAIN MARKET CLOSES WEAK CHICAGO, Oct, 2—Grain prices closed weak and lower on the Chi- 21 |eago board of trade today, 168 Wheat valued dipped rapidly when 82% | recent buye 4 the sellin side of the mar The bearis pirit wan induced by failure of ex rt business to develop and by f nadian wh ountry. Amer! old in the both Canada 4. on, ‘ Ajax Rubber lanka Juneau Age, Chemical Mu 10% 04 VT eee 2% 90% WH 11% h Magneto 81 r & ¥ndy Amer Amer dyna rply lower ¢ Y thos buying al orn are far to re and no buyers and heavy sell | recently bee Premiums weak thru- ining in pro ret. Proyt lower in line | tam Jout the day, pri | parom with the 4% | lone were moder | with lower hog values 13) Chica 4] go Bead of Trade Monday's Quotations Open High law — Close 06% FL.05% 81.08% 11% 110% Lio 0% 106% 1.07 coklyn Kdlson n% 12% < Com us 70h A 4 Ch Lots 8 ing n D. & Kine & Huperior & Lead Wheat— Fisheries 414 Bute “an Cat, Paektrs Cait P Paettio & Bt ta ot & Aritona Leather 1, 3 hard, $1.05@3.0 Chicago Car Lots Monday's Quotations 2 : Cont. feta. LLY rT es | ae ma oF Ce | 6 3 nie . Liverpool Grain Monday's Quotations Open Weh Lew Chemical Kdieon Monday's Quotations Ga} | Saanr—teendy: raw, 8708 boy | Seedy: granulated. 19. | Coffee. 7 Hic, on spot, th; No. ¢ Santos, 1siee ib. sie ke Foreign Exchange Ms “e Quotations NEW YORK, Oct. Foreign epaned lower ing. docsan French france, 39.9583; lr 9.05014; mark: refined, market closed i 4, off 11%; $0.9007%; lire, 09,000,000. . nm Wool BOSTON, Oct. 20.--Altho woot prices FM | continue very wteady there ls appare@iy 4 |no Increase in buying by mills, Bepti~ 29% | ment along Bummer street ts cheerful 30M | due to the fact that the local market te 26% the loweet woolen market In the world. | Ther £9 \ing supplies of fine staple wool, On 23% | Houth American wools the local market 59% lis below a parity with London auction 31 land for this reason there ts considerable 192% | woot being exporied. Mome further talk 20% | of worsted mill curtaliment fe being #18 | heard. 14 us 734 a4 | city Spring? Mex Feaboard Miamt MK & T ao pf jourl Pacific tana Power Montgomery Ward N, ¥. Central New Haven Nor, & Weat North American Northern Pacific ¥. 0,4 W 0. Tex. de Mex. ¥. 0, & at L Pac. G. & Pacific Ol re Marquette naylvania Pierce Arrow do pta ce Oli abure Coal . adivie Iron & Steel nolde Tob. lair APT Southern Ry. fo pid hes Shell Union Of Shell Transport 2% iy mM She 2% . Denver Live Stock Monday's Quotations eipta, 9,200; market, Test ‘steers, 86 Pt market, steady. Bheep—Receipte, #9,7) | feeder lamba, lamba, $11 H1G12; ewes, 1105, aa | San Francisco Produce Blandora * ere | Monday's Quotations ftandar | Datter———rextras, 490 ib; prime firete, | dbo Ib.: firete, 44%e Ib. |Raes—Kxtras, tle dors Vite don; undersised pullets, he do. Cheese—-Callfornia flats, fancy, 290 Ib. ORD Portland Produce Monday's Quotations 40@ 490 Ih, Egns—Duying price, (8@ 550 don; wi Ing price, 62@60c doz. | Cheene—32 15 @ 330 Ib. Hene-—16@ 280 tb. . Tobacco Produc eA" pd. Underwood. Union Pagific United Fruit UC. & Food Prod | nutter do tat pd ....sse U. B. melt. & Ref. V. B. Steel .seseee Wabash Liberty Bonds Monday's Quotations Furnished hy Logan & Bryan B10 Second Ave., Beattie Berior— Nigh Firat Sta ....100.02 | Firat 4s wee [Second 4s | st 4m .. |Second 4a. |Third 4%n .. | Fourth 44s ., New 44m sos . Wella Fargo Weat, Pacific Weatinghouse Elec Wheeling & L. E. White Eagle Wiliys Overland BANK CLEARINGS Seattle Foreign Securities Monday's Quotations Fornished by Logan & ryan B10 Becond Ave., Benttle Bia Uy; 04 4 q \ j $6,877,012.40 2,902,150.76 | | Clearings Balances .., « Portland + 7,107,952.00 2,133,751.00 5 x 3 | Balances Bia, Rursian 548, Rursian Sia, French fs, 19 French 4s, 1917. French Ss, 1920. British bm, 1927, Britian be, 1929; Rritish Viet. 4x, British Ref. 4m, 1... Relgium Restor. bx Belgium Premhim German W. L. 6s.. Japanese 4a . . Japaness Int, diga, Japanese 2nd diya United Kingdom, 1939 United Kingdom, 1987 Italian Cons. * ry Sone Tacoma transactions, rs | Total z— 2 BREE 2,084,000.00 | | i | | i] Hides and Wool Baytng Prices, ¥, O. B, Seattle Gait hides Bulle . Green hides Bulle... Calfakine, green or ‘salted— ‘No. 1 up to 18 Ihe. N r= Sz S2s2S5. eSlocrssensces SSSSSSASASSRS2 PFEFFE 1p, green oF walt os 1, 16 up to 0, Bs flint hides, 7 ibe. ‘up. hides, 7 tba. . Foreign Money Status Monday's Quotations Turnished by Logan & Bryan 810 Second Ave., Seattle Normal val 4,866. . 1,00... 19.20 cts 19.20 ota, 19,20 ota 19,20 ots, DAZ ote, HAD ota, ° Sterling. + Canadian’) ‘Freneh frane, ‘Belgian fran iBwinn franc 5 sItaiian ra. 449 ota German m'K. 0600001 Ike « Bwediah krona, dots ‘Norway Krone, 15 +Daniah krone... 17.2 ‘Greek drachma.,.150 cts sAtntrian crown 0014 ibe sHolland florin, .48,85 cts +Rumantan lei 47 ota Spanish pesota,.id LoD Clean, Medium hea Coarse, clean Course, heavy « Pelt» Bheep pelts, ench. MWOTIMS, appears to be difficulty In obtain-| + | Artichokes—Per dox extra pullete, | ‘LUMBER TRADE 1S STILL ACTIVE Western Mills Unable to Accept All Orders Lumber retailers having in man; [instances rounded out thelr stock during recent weeks of heavy buy ling, trade is now beginning to taper joff in certain Important sections, |eays the American Lumirman, Chi cago, It appears that this is largely true In the case of city yards, do mand from country districts still be- ing good, Indusirlal and export or ders have shown no decline, Bust ness as a whole, in fact, remains active pnd prices have shown no notable re sions, the mills having good order files and low, badly brok en stocks, | ‘The olty yards continue to enjoy a big demand consequent to active bullding operations, but are cauttoun, and are endeavoring to keep their stocks down as much as ponaible until after inventories. The result is that they must frequently come into the market for small lots, thus creat ing & good demand for transit cars, Bookings at Southern Pine asso. |clation mills have shown a decline liately, but the latest barometer | shows them to be practically on a par with production and shipments, at about 90 per cent of normal, Pro. duction conditions have been favor- able, and most mills have been oper. | ating full Lime or more. Stocks, how- ever, have decreased, due to the ex. cess of demand over output, and the mills have accumulated order files | aggregating somewhat over 2,000,000 feet per mill. Shipments are tn many instances delayed by car short age which, however, has not yet de- | veloped to any serious proportions in any section. Bookings by Douglas fir mills, which have been running heavily tn excess of normal and of production, took a sharp decline the middle of thin month, when they registered 9 per cent above normal and 18 per cent above production. The reason for this decline appears to have been largely inability on the part of mills to accept all orders, on account of thelr heavily overbooked condition. Water business continues to play a 4 nt role on the Went coast, during the latest period covered by | statistics having constituted 50 per cent of the entire bookings. More | thas half of this water vusiness was for foreign account. Stocks remain poor and prices are strong, thone on | boards, timbers and dimension hay- | Ing advanced } Batisfactory conditions continue to | prevail in the hardwood market, most | Consuming industries being busy and | coming Into the market frequently. | Business with automobile, flooring and other building trade interests holds up unusually well, considering | tho lateness of the season. Furnl- ture manufacturers, tho operating steadily, are still buying cautiously, but their handto-mouth purchases neverthelens amount to a sizable yol- ume. Exports are only fair, but compare well with the average for recent years. Prices are firm, with |no ne able changes. | : |Good Ten Years for WASHINGTON, Oct. 30—Charles H. Schwab, testifying before the in- | terstate commerce commission, stated | that he expects continued improve- } in the steel industry In the Real | Steel, Says Schwab. TUESDAY, OCTOBER 2: Estate, Building ,°, ‘METAL MARKET STILL INACTIVE |High-Cost Copper Producers | May Curtail or Close up to October 1, industrial com: | Western Pacific} )ALASKA ROAD HEAD ARRIVES | | Col. Leo Hf. Landis, recently ap} pointed general m r of the Alas J in Seattle Mon for which Landis ka radiroad, arr | day on his way to Alanka |he expects to sail Saturday | was | minate w for the railroad, giving up that post to ac ren | any New Corporations OLYMPIA, Oct. 30—The vis of Incorporation here been fiat office of the' secretary of state: Octo company, Beattle, i igohnanen and: Joan B Hall Mill @ Timber bureau, Seattle, stock. T. & Galbraith, B. R. Lewis, K. Bratnober, V. H. May and W. Milen, MU Tacoma Ice Cream 009, company, ©. 1, Johnson and T. L. Jounson. Raby Beach company, Gorn, $560,000, J. E. Fpton, RG. Lane and C, L. St. Clair, Morton Coat & Coke company, $250,000 J. E, Bennight, B. Le Brewer, 7. F. Kennedy, John McDonell, A. L. Puckett, C. B. Bhermood, J. W. Btrubel. Monte’s Men's Bhop, Ine. -Olymy ’ H. Lakoy, Ray Dalton $15,000, NEW YORK, Oct. 20—the pq. gineering & Mining JournaLPress in cept his present Alaskan position. get ota yt pede Homa sie previoud railroad post It pairs pie ol th ast sear was his work to see that the terrl| 1.1) of tin Maten of cope ane " ‘2 " Of copper a1 tory along the line of the railroad tino faye. been gana nd wan developed, and he stated Mon. if mo particularly light, ug oth here and abroad, ang day that ho expected to curry the |e Gee eased, Lead bd same duty into his management of fair percents coal continues in the Alaska road, In addition to th: Pact consumer Ber Vp ya It will be his aim to run the) oie te retrain from beeeee railroad on a self-supporting basis, or tanomant "Guaritae buying in at least with as little outside Bid M8) Oe cate of ue ps Ano is ponsible with the maintenance of ese ham: bean sac sc h as 500 | adequate transportation facilities. | “eh made, but the total . |quantity sold has not equated pro. [duction by a considerable 4 ROAD HAS BIG Most producers are nominally sa | |!n& prices about one-quarter cent | above t at which the | FREIGHT YEA part of the actual business nas tase | The Northern Pacific railway 1s|placed, rightly feeling that to re now handling a greater volume of'duce prices to the point where any freight business west of the Rocky [considerable tonnage would be sold | mountains than at any period in its|would have a disastrous effect on history, Howard Elliott, chairman |the market. of the company, declared on his re-| No further cuts in production turn to New York, after a 5,700-mile| have been heralded lately, bait it trip, in the course of which he vis-|#eems probable that the time must ited Seattle. |come when some of the higher-coxt | “East of the Rockies,” he sald, |Producers must curtail or clos¢ |‘‘we have done a substantial bus!-|down, as expansion seems to be in ness, but it is not large enough to|order for ¢ large low-cost break the records previously made. | ducers, and consumption in the next |In the Pacific Northwest territory, | Year ls expected by many to be less |however, all recordy are being bro-| than it has been in the tast year, | ken,” The foreign situation ts as bad as | hae ever, and no prospect of an early improvement in European consump |Expert Forecasts tion can be seen. | Improved Business - | NEW YORK, Oct. 30—Improved | Freight Loadings business ts in prospect for the spring of 1924 and greater strength in stock , Break All Records market is probable within 30 days,|| NEW YORK, Oct. 30—All records mr. Lewis Haney, director of the|for movement of freight cars by |New York University of Business| American railroads were broken Oc | Research, said today. tober 27, according to statistics made | F public today by the American Rail. | road association. On that date class | ry 1 railroads moved 1,029,428 cars, ‘| Foreign Conditions | isc ia 0%" seteet tad ee | September when 1,013,724 cars || Meviewes by U.S." Department | ware handled. | | uropean cables to the department | of commerce report better conditions |in Finland and Denmark and contin- ued dullness in Poland, Norway, Hol- land, and Rumania. Crops are excellent in Denmark, Rumania and Poland, but their in fluence is minimized in Rumania by transport and currency difficulties and in Poland by continued deprecia- tion of the mark, tho Poland is ex pected to return this season to the ranks of wheat exporting countries. Harvests are unsatisfactory in Fin- and and Norway, but Finland’ favorable foreign trade balance, firm exchange, and other factors make the outlook in that country relatively bright. Unemployment is increasing in Norway and Holland. Far Eastern cables report contin- ued depression In the Philippines and bach ant wise m ee foreign Geo. Haven and G rade Australia, ustralia exports | palgo. i and imports both declined in August, | ny Lone aaah Yd Seattle, #5008, compared with July, but imports | )p: tOne sag-y. V- Banonee were much larger and exports con-| $50,000. J. H. Bresse and Geo) iderably less than in August, 1922.) /Marview Farmers Tel | Belated July figures show marked in- | Tyvice MeGreeuy, : crease in Australian imports from the |" Perrin Investment Con United States. 900. W. M. Perrin and James Mission Investment. Co dost seetyn stock from $150,000 to $100,- Everett-Arlington Stage Oe, next 10 years will be as great as in the past 10 years. “SEATTLE VEGETABLES Prices Paid Wholesale Dealers (The prices given are those made to re- tall dealers by wholesalers, With a few seasonal exceptions, prices to producers ean be figured by deducting the cost transportation to Seattle and approxt mately 15% fur hauling, storage and ellie cost.) AL0@LIE | Beans—Per Ib. | Deets Local, new, por sack Brussels Sprouts—Por 1b. Cabbage—Per Ib, Crate, 24 head Carrois—Local, per don. ow, wack ..... Cauliflower—Per crate lery—Local, crate... Corn—Yellow’ Bantam Cucumbers—Local, No, ‘i i Loc., doz. Irg. bunches | Parsnips—Per sack . Veppers—Bell, per 1b, Potutoes— Local whites, cwt. ....4- Netted Gems, ton : Radishes—Local, dos. bunches. per Ib, ir aack 2.00 Sumtner, box Tomatoes Turnlps—Per sack . FRUITS Prices Paid Wholesale Apples—Delictous +2.0002.75 1.76 Fige—-Cal. white . Gooseberries—Der Grape Fruit— Grapes— Tokay, crate Money—Comb, per case Strained, per 1b. Muckleberries—-Por Lemons—Fancy Cholee Oranges—Per box Peaches—Per crate Pears—Per box .. Bartletts, per box Plums—-Per crate Watermelon—Per tb." NUTS Prices Pald Wholeaale Dealers ‘pet tb. per Ib, . DAIRY PRODUCTS Prices Paid to Shippers ec, lo delivery Mixed colors Putlots DAIRY PRODUCTS Prices to Ketall Dealers Batter—Looal creamery, cubes. s+ Local prints, wrapped. ° Equs—rowh ranch, white shell, Mixed colors . Pullow 5 900. +i Puget Loan & Inv, Co, te ducing stock from $200,008 inten Tacoma. Box company, Tacoma, $30,- F, J. Nist id J. As Niste— ‘Woodworth CO, king mame to Manley Bwager Logsing company, Frank Swager and Bm- Sit Wishkah Valley Telephone Grays Marbor county, Hackett and Chas M Bos Hart a Hart, inc, Seat ai, changing name t9 Monson ise Goodyear Tire & Rubber company of ‘alifornia, Los Angeles, Cal, $2, Certificate of withdrawal | Goodyear Tire & Rubber ¢ California, Inc., Wilmington, 000. T. LL Croteau, M.A. M. Hooven. Power of Powell, Seattle. 3 Public Used Car Market, 000; Howard F. Steere, B. H. Kenn and John G. Elder. McLean Moving & Storage, T changing: nenie to Melee ‘The Inc. iso: Leybold-Smith Shingle $8 ‘William Tapvolds ss ‘and Paul R Smith ‘Tacoma-Ashford Transit coma, $100,000. J, F, Hickey, Lundberg and Guy B. Kelly. U, §. Furniture company, chan) name to Johnson Furniture cid .. Ldsabuela, MARKETS Cheese— Oregon triplets ....... Wisconsin cream bri Block Swiss .. Warhington triplets ‘Tillamook triplets, old POULTRY AND MEATS Prices Paid Wholesale Dea! Brollers—Per 1d. . . Capous—Live, fat, per Pv. Fancy 4. p. ...-<.... Hens—4\ Ibe. and up. Medium, live, 2% to 4 Gorse—Live, fat, § to 12 the, Heigian Haree—4 Ibe. and up.. Turkeys—Fancy 4. p.. young Live, fat, per TD. ....0..5 Roosters—Old, live, per ib. +++ Hoge— Choice ight . Fancy, heavy, : POULTRY AND MEATS Prices Paid Wholesale Dealers Ducks—Dreased, per 1b. Mens—Dressed, heavy 5 light, 1, Brollers—Dressed, per Ib. . Geese—Dreased, per Id.. Turkeys—Fancy, dressed Belgian Mares—Live, per i Dressed, per Id, ... Cows— Puyallup-Tacoma Puyallup, increasing $150,000. ce Oa Grays. Harbor Cedar company, een, $20,000. A. J. Morley, Chas. Rose, John Ferrier and J. B. Stewatt Hollister Stier Laboratories, Spokam $4,000, Latte Building Permits T. C. Bmailes, 10th N. B. and B frame teadence, 42x26, $3,550, © ~ Channing, 40% Lyon BK Veal—Fancy, light - Heavy, coarse . Medium, dressed . LIVE STOCK AQnotations at Stockyards Cattio— Prime steers ..... Medium to good . Chotce heifers Choice cows Calves... Bulls Hoge— Prime . Smooth hi Rough Pike Sheep— Priine lambs. Common to chotee Yearlings Wethers Ewes . FLOUR AND SUGAR Wholesale Prices Flour—Local dlenda . Family patents r—Cane, per cwt. . Beet, per cwt. ... HAY, GRAIN AND FEED Alfalfa Hay—Firat grade Straw . ss Corn—Whole, yellow, 130s Cracked and feed 'm Barley—Whole feed, 100° Rolled and ground, & Oats—Whole feed, 100's Rolled and ground, 7 Sprouting, RY Wheat—Rectoaned feed, 12 AltGeain Chop Genin Chop— Chick Feed —100% x24, 1,500. 833 Sixth Ne resldence, 34x24, Wm, Hughes, 6542 dence, L.A. Hubbs, frame residence, 40x26, Heese 3pm emtaae Soya Mean Meal. Alfalfa: Meal—1 Meal—100'n ‘anulated: wecoul (hard wi Fish Meal—100' Grit—Limestone, 100's wn aranite, 100s feat Bcrape-—Hastern, 100% —Wastorn oyster, 10's, oyster, 1008 st NK TE ord NATIONAL { ublished $0 STA Count 6 w fame ad rate od fine ad, Hine, 6 dling ad, per line, Contr MA in-0 > a 28 ents sect 205-6-7 Ma in-0: ington, REY 8 $75, all ef free. JOHN STR Zz C. TE Wis the mani to our recent ji Mrs. Wi SPE Unive Economy ternoon: lic_welc 6 OS LOST—Fo large do rearing) Liberal _ing it. q WILL the at Owl in dres ing, call LosT— white, fot 4