The Seattle Star Newspaper, November 12, 1923, Page 14

wa Bi? _ telephones and leased wires; ™ bureau, “ery; tools, . hosiery, _ MELLON PLANS TAX REDUCTION Substantial Cuts Possible Thru Recent Economies WASHINGTON, Novy, 12.—-A $328- 000,000 reduction in federal taxes) Js projected in a tax revision pro- Kram drafted by Secretary of the) Treasury Mellon, which was before) the house ways and means com- mitteo this morning. ‘Urging that tho $10,000,000 sur- plus piled up by tho government: thru economical operation during, the past year be devoted to tax re- @uctions rather than to a soldier bonus, Mellon submitted a concrete Program for tax revision to act~ ing Chairman Willlam T. Greene of Towa. Mellon's recommendations !n- elude: 1, A 25 per cent reduction in the’ jtax on earned income; estimat loss in revenues, $97,500,000. ’ 2 Reduce the normal taxes of; four and eight per cent to three and six per cent respectively: loss $91,600,000. 3 Reducing the surtax rate by commencing thelr application at $10,000,000 instead of $6,000, and Scaling them progressively upward to 25 per cent at $100,000,000; loss, $100,000,000, 4 Repeal tho tax on telegrams, loss $80,000,000. 5. Repeal the tax on admissions; Toss $70,000,000. Work Is Started on New Movie Theater Construction ts under way on the new $50,000 Hollywood theater at 10th ave. N. FE. and KE. 66th st, for J. L. Beardsley. The building will be in the old Spanish bungalow style, and will be completed about the first of the year. It will be an- other link in a chain of theaters already owned by Mr. Beardsley. Shipping Man Buys $15,000 Residence Prominent among residential sales of the past week was Age of the home at 1121 23rd ave. N., to Henry G. Seaborn, Seattle ead man. ‘The sale was made thru the office of Ewing & Clark, and the consid- eration was sald to be about $15,000. Foreign Trade ‘The United States bureau of for- | eign and domestic commerce has | received the following inquiries from foreign firms which are in the mar- ket for American goods. Full tn-| formation will -be given to Ameri- fan firms on application to 8. H. Blalock, district manager of th Lowman building, Seattle: Austria ($109)—Milk, condensed. Canada (8093}—Braids or webbing and clastic for manufacture of} garters and suspenders; buckls and clasps for same. _ Chile (8125}—Bathroom furnishings ‘And fixtures; ($115) hairpin manufac- turing machinery; ($101) heating plants, water pipes, radiators; ($088) Tallway lanterns. Exgypt ($111}—Flour, leather, boxed calf, glazed kid, etc. India (8132}—Cotton goods of all| kinds, cotton pod husking machin- 8094) hardware, cutlery and | nails, screws and | bolts, waterproof cloth and umbrella | » Material. | Java ($128}—-Hardware, small hosiery, silk. Switzerland (£104) — Radio sets, parts and batterte: | Financial Flashes ————$—$_—<—__ 20 industrial stocks, 91-14, an in- crease of .29; 20 rail stocks, average | $0.28, an increase of .26. The Bank of Norway has raised its rate of discount from 6 to 7 per | cent. Bradstreet finds improvement in tone in trade and industry during the week. Buick is producing 150 cars dail: for export in Canadian and Amort- can plants. President Basett ex- pects export business will increase, Baltimore & Ohio orders 600 all ‘steel hopper cars and 500 steel un derframe box cars from Preased Steel Car and American Car Foun- ary. Dun reports continued uneven movement in business, with large daily turnover and sub- stantial potential demand for moderate forward buying. United States Steel decreased 262 $25; unfilled tonnage totaled 4, $25 October 31, against 5,035, tember 29, 5,414,663 August 31 and 6,902,287 October 31, 1922 Financing by the railroads in considerable volume is due. ac- cording to those in close touch with the situation. Out of $1,- 000,000,000 total of equipment ordered this year, definite ar- Fangements have been made for only about $40,000,000, Meetings The Seattle Advertising club will Meet Tuesday noon in the Masonic club rooms in the Arca building. An extensive program on “Advertis ing and What It R be given. Among the sp: will each deal with a spect: of the question are R. B. A. J. Izzard, R. P. Milne, Biezow, Earl yr B, H. ¢ . Schindler, Frank McCaffery, Woodman and Tom Jones Parry, The musical 5 who gle Morgan, ed| Specialize in residences during the | manufacturers seo no Milto’ n || Another Mile Is Added to “Prosperity” Street New Building Frontage in October Permits Totals 6,099 Feet Seattle's “Prosperity Street"—the Une of now bulldings that is spring- ing up month by month—has grown another mile, and more, ac cording to tho statistical report of building permits for the month of October, Issued Saturday by the build: ing department. ‘The total frontage of buildings for which permits were ranted amounted to 6,099 feet. This maintains Seattle's record of adding to its building frontage of more than a milo a month during 1923, and brings the total new frontage for 10 months up to 62,- 128 feet—nearly 12 miles. Prosperity st. Seattle, seemed to month of October, Of a total valu- ation of $1,219,272, new homes con~ tributed 1§2—the largest totals of all classes except tho more numer- ous items of a few dollars classed as “miscellaneous,” Among the other prominent class- iffcations, next {n {importance ts that of warehouses and factories, for which 12 new built: obtain- ed permits of a total value of $230,- 450. Office and retall buildings numbered 21, with a valuation of }75,950, BUILDING ACTIVE ALONG COAST The building activity of Seattle is in Ine with an activity that bas been felt in the whole Pacific dis- trict. A gain of 34 per cent over last October and 23 per cent over Septem; ber of this year was mado in the ts. suance of “huflding permits during LUMBER TRADE HOLDS UP WELL Seasonal Decline Is Not as Great as Usual Tho domestic lumber trade has} slackened off, byt not to the extent) usual at this advanced season of | year, says the American Lumberman, | Chicago. The Southern pine market | ¢, ts conspicuously Jess active, but de-| miand tg still of fair volume, and there Is unquestionably a strong un- dertone, The South continues to buy actively to meet Its large build-| ing material requirements. Construction in most sections of the Middle West, North and East re- mains active due to the unusually mild weather, and retailers enjoy al voluminous trade, However, they | hesitate to buy beyond absolute needs in view of the approaching Inventory period. While this handto-mouth buying policy restricts the number of mill orders, it causes a good demand for transit cars. Prospects are for a continuation of | bullding operations on the largest | scale possible thruout the winter, with a consequent steady lumber trade. Mills meanwhile are operat- ing steadily, atill having fair coal files and being eager to rebuild their | badly broken stocks, and aro making | |no particular efforts to stimulate] ¥ | busine: Several large buyers are reported | to have sent out feelers Intely for| bargains in large blocks of stocks for} | winter, but} reason for }making any material concessions. Prices have receded somewhat lately, | |delivery during the \but to such « slight extent as to jndi-| xinr'& Wings | cate the fundamental soundness of the market, Industrial demand holds | up well, demand for timbers being especially good, and the export mar- | ket is excellent. Douglas fir manufacturers con- | | tinue to enjoy a good volume of buat- ness, about half of It being for water | shipment. Japan and other foreign consumers are actively in the mar ket, while there has been no abate- ment In demand from either the Pa-| cifle Northwest or California, where building remains very brisk. The | lantic seaboard is eager for new car- goes. While rail trade appears in | active when compared with trade, statistics show that normal for this season The hardwood trade remaina of | satisfactory volume, Both northern | outhern woods share in the ex cellent mand from automobile, flooring and interior trim, furniture nd box Interests, and from misc neous consumers whose pure! while less conspicuou: sizable volume, Southern hardwood exporters report that foreign demand is stronger and promises further ex. pansion. Prices are well maintained | all casex. is ‘fully To Start Building Apartment House | Construction of apartment house at jcomer of Second ¢ 1 Roy w it was an: | ill be erected and will occup’ 100 by 120 feet, will be four high and will . contain Hans Pederson is the general contractor. nounc |for G. 8, Hammond, stories —— | DON'T LOSE | “i THAT PAPER! ||! 5 Use Our Modern { Safe ene t Equipment part of the program will be supplied | by Jensie Deo merick. indefinite “good To “long pull.” distinguished from} | ing pled October by 49 cities in the soven Pacific Coast states, according to the national monthly building survey of 8. W, Straus & Co, Isnued today, The month's total was $45,276,791, as compared with $33,586,587 for Oo- tober, 1922, and $35,998,019 for Sep- tember of this year, ® California, with an October total of $59,404,012, gained 40 “per cent over October of last year, and 33 per cent over September of this year, in 28 cities reporting. In 14 elites of Oregon, Washing- ton and Idaho, a total of $4,973,195 | of building permits were tnued, a gain of but 1 per cent over last Oc: | tober and a loss of 1 per cent from | September's totals. LOS ANGELES IS STILL HOLDING LEAD Los Angeles holds her place among the foremost cities, with an October total of $20,541,872, a gain of 77 per cont over last October and of 33 per cent over September, The | Los Angeles figures represent 45 per cent of the entire Pacific coast to- tal, and 62 Jer cent of the California total reported in the survey. San Francisco and Oakland fol- low, with $3,793,374 and $2,758,208, | respectively. Portland gets fourth place for Qetober, with Outside of Seattle, other cities of Washington have totals as follow Aberdeen, $53, Hoquiam, $28,829; Spokane, $183,492, Tacoma, $275,626; Vancouver, $294,- 550; Walla Walla, $2 Yakima, $19,600, Ship News |’ Tides in Seattle | TURSDAY NOY. 1a First Low Tide 144 & m MONDAY NOY, 13 | First Low Tide 12:s6 am, —19 ft First High Tide tila m, | tide 146 pm, Second itigh ‘nas mas iti ‘nae 1 O:42 p,m, 16 «ft | Weather Bureau Report TATOOSH IMLAND, Oct. 12. Barometer rising; clesay; wir 18 miles an hour. iar pa * a Arrivals and Departures Atrived—Nov, 12—@tr Pactfle from naltimer from ¥ coma, at 8:30 8. m. fos Angeles, at 4:30 Maru from Portiand, Mitr Manila Maru from 1 porta, att pm; str Obloan fi York. vis ports, Gorade from. ‘Sob ete at 13010 am Hailed Kobe via ch mt pm east A Ne Vessels in ‘Port at Seattle Smith Cor ‘Terminal—Pier 41—itr Blerstad. er 11—fitr Owego. Motorahip Anvil. on Pre Pier Pier Pier Per award Pier DAdmiral Farragut, ye Alexander. & Bhipping Moard Moortnge—#tr str West Himrod Street Terminal—str Pioneer. Ao. Street Terminal—etr Mount Cer- fichr Ruby. ct Street Terminal—@tr Ohtoan, U. Holler Works——Mr Starr, homie! Terminal U Hanf Ste Rendondo, ate attie Elevator Uralean Maru Hetternan’s Dry Doék 8. BH. Discoverer. tr Madison. © Rallway——fchre Cama- no, Bophie Christenson, Meteor, v. I kina Anne Comyn Crocker, barge Coquitiam Btr Diomed, str Str Rainer, U Winslow Mar Northwest Realtors Will Hold Meeting executive committes moeetiuz Northwest Real Ex n will bo held Tr y morn in the Hotel Butler banquet room, to be followed a luncheon in the Butler cafe, after which a directors’ meeting be held. F. 8 preside at the lunch eon and Paul Schedler of Spob and John H of Por will be the principal speakers |Monks & Miller to Take New Quarters fg an era of expansion in their business, Monka & Miller, Inc., whol nd {1 coal distribu tors of Seattle, have taken a 104 ear lease on the floor of Bigelow building. The quar t il be used for thelr fuel department and will be occu December 1 ce ¢ th tate asso ariels sale a re necond service shout PLA in potatoe weetne nat the merely for snot mean t rozen, low temper jhe ced in a h |ture, they their it ure tempera will lose cetness has Star mc touring Durant need prices “ 1924 5 for the els in appro: and $75 6%, $4,000, frame re donee, 20x THE SEATTLE STAR WALL sR AW YORI. N jowed by the tion of the tne of the most nd was over- posal for & re- eram would be nents since the Id no doubt be able to taxable wn over the week Beoretary Mollen's a shifting of @ lar woourition, Hundroda of miltions of doliara would go Into channela for the develop- ment of the countr: that would otherwise seek investment tax free necurition, Tho plan would mean @ reduction in all classes of incomo daxes large and small, ‘All classes of atockn were atrong In the early dealings, many industrial leaders regaining the best levels of the current upswing. Open prices included: American Locomotive, 7 Ai Stool, 04%, up ty American Smelting, O8iy: Texas Ci ff"; Davinon SPomieat, 68 ; Southern Ratiway, Now Haven, 13, up Lethte hemi 20% Up Wi Industrial Al cohol, “0 bie, up New York Stock Market rack Siok Mactet GRATIN MARKET CLOSES LOWER anturdays ‘Quotations ter Lew o“ ation CHICAGO, Nov, 10.-—Grain prices Rubber closed sharply lower on the Chicago | ° board of trade tod Seattered buying on resting orders enused @ late relly in wheat and re- ery of Rome Bupport, ttock— Adams Kxprees , Advance Rumiey Close 7 1 4) nu however, Predi of and more liberal for next week kept ened condition, the clone. Oats sold In a very narrow range. ‘The market was neglected. Provisiona Cash wheat, $1.06@ 1.08%. eavier receipts untry offerings t corn In & weak- Hing persisted to | Amer. Drag’ ya | Amer, Hide & L., pea. American Tee do pfd Amer, Inter. Corp, ‘gs 6,85. | Everett, $61,675; | 4 } ate Adratral Farragut from Ever Luckendach, Eagis| tr Chariton | Amer. La France JAmer. Linseed. | Amer. Locomotive | American Metals | Amer, Hafety Razor, . Amer. hip. & Com Amer i 11%] a oon Board of Trade Matarday’s Quotations Oren “High taw. Close $1.05 $105 G10F% 81.09% 110% 210% 1066 LOE LOCK 106% 1064 108% 11.08 9.02 ae 260 Cas Las Lots Grato— Recta, Cont, Eeté. 14.¥r. | Wheat . rae | Bea holiday | hy boitda holiday holdiay laft 1.00. #.000 Atiantio © ua Atlantic Quit @ W Atchison Austin Nichols [Auto Knitting | Halowin Lacomotive..2 tmore & Otlo,., 69% Heth. Bteel, com, Rooth Viehertes Hrooklyn Ratson | ‘| tographer, jand renources of Washington. |ports will be made at the meeting | Prove the property later, as to what the chamber has accom. | |has purchased the northwest corner | North weet 1. & Pa nieago & Chicago, Ft do 6% N. Y. Sugar and Coffee | Quotations 16; refined, e Hog s.t0. Hotiwe IB: Srererres Yoreten ie, demand. Itatian elgian francs, $0482 % #00,000,008,000 for the | ti 16.436 roan marke, Cattle eet Hie feeders, 14@ feeder lamba, $11@ Portland Produce Saturday's Quotations wet Saterday Fernished Corp. pti D. pt. iat diva tna 4 Comb Har Foreign Money Status Saturday’s Quotations 0 & Hieyan » Seattle Present Vatue | Quotations Logan & Rryan Ave., Seattle Low 98.6) 98.03 99.16 98.04 99:16 BANK CLEARINGS Seattle Clearings Balances Portland | Clearings | Balances Tacoma Clearings will MONDAY, Dollar-isms (Typical Remarks by Capt. Robert Dollar) “Without optimism, what could be done?” * * “T have no use for people who say you can’t do this We or you can’t do that. ‘It can be done,” . need more people who say “I once got mad and said I never wanted to hear the word ‘can’t’ again. La’ line of a project, and the ter on, I submitted an out- reply I received was this: he only properly descriptive word is forbidden, but the idea is utterly impracticable. ” “The whole Pacific Coast must pull together, for it is all one big unit. All its big cities look alike to me. “You can’t build up a ci ee ty by cussing other cities.” “A seaport that has no foreign trade will never amount to very much.” CHAMBER PLANS LARGE MEETING Frank Branch é Riley and Asahel Curtis to Speak The annual membership of the Seattle Chamber of Commerce will bo held Tuesday evening at 8 o'clock in the Masonic temple at Harvard ave, and Pine st. An interesting program has been arranged and the meeting is open to all members of the chamber and their friends. Frank Branch Riley, one of the most entertaining nd forceful speakers of the Pacific Coast, will make an address, Riley is nation- ally known for his series of leo ures on the lure of the Pacific ‘orthwest, which have been a great) jfactor in advertising this part of the country to the rest of the na tion Arother interesting feature will be | | |port the sale of tracts of tidelands to} a ntereopticon lecture by Asahel Cur known pho. beauties Re Seattle's ni hy on the scenic plished fn the past year and what s to do in the future. Mual. wil dered by | amber of © chorus ad Wa Adami mbers entra > meeting ts free, | Power Association Gives Scholarship) yur year untversity ly proponed Electric Light & Power| fon has been approved Jovephine Preston, head scholar-| by the of struction, it was announced Satur- The scholarshtp 1s to be com- for by high echool seniors,| be worth $250 a year. The 600 word essay on tate | Regulation of Public Utilities” gets © scholarship. The first contest! be held this school year, the! closing date being April 1, by|? ‘office m1 HILLMAN BUYS BUSINESS LOT Electrical Supply Man Will Build Big Warehouse In order to meet the Increasing de- mands of their business, four Seattle locations during the past week. Ac- cording to an announcement by John jDavis & Co, C. Kirk Hillman, plo- | heer electrical supply man, has ac: quired the southwent corner of First ave, 8. and Hanford st. as a perma |nent home for his business, Hillman 4s having a building put up to be used as a warehouse and| milesroom. The building when com- |pleted will give him 24,000 square | feet of floor space, as against 3,000 square feet in his present © of | jbusiness, It ts understood that the sellers, Gair Realty Co., recely 6,000 for the property. They also re- | Ross & Hoglund, transfer men, as a nite for their new warehouse, and to E. Connaghan, who intends to im- The Standard Sheet Metal Works of Garfield st. and Eastlake ave They are now having a new butlding erected to house thelr growing bust | ness, ex.|204 ® large attendance ts expected | Office Buildings Filling Up Rapidly Rapid absorption of space in new hulldings is reported by J. F. Doug as, ce ph of the Metropolitan Buildin in a survey he has just cotapleted as chairman of the ‘ational Association of Building Owners pnd Managers. Co. neles In office buildings is 5 per cent. Three cities— Onklandj Los Angeles and Salt Lake » TeGort no vacancies. The sur shows that 52 large office | are under construction in ties, which will add approxi. vey bulldiag the 20 mately oe. VEGETABLES Prices Paid Wholesale Dealers (The prices given are those made to re-| iors by wholesalers. With = few | ceptions, prices to producers can be figured by deducting the cost of transportation to Seattle and approxi-| mately 16% for Bauling, storage and| Felling coat.) Artichokes—Per doz, Cocambers Pickling, Ree Plant Local, 1.60@180 a Potators— Local whites, ewt. .. 28 22,00@ 20.00 , dos bunches. Rutabngas—Per sack... Spinach—Local, per box Bquash—Per Ib. Bummer, box . Turnips—Per sack FRUITS Prices Paid Wholesale Dealers Apples—Delicious ... 0002.76 Jonathans 11,001.60 Bananas. 1.60 David arth -is Standard Cal Fruit white Grape Cr Grapes Btrained, per Ib. . Kuckleberries—Por Ib. Per ib. ein 102 NUTS | Frices Pald Wholesale Dealere | Lots 0} r |, per DAIRY PRODUCTS Prices Paid to Shippers Duttertat ¢ Seattle delivery... Prices to Hetall Dealers Dotter—Local creamery, cubes al prints, wrapped PUllete sresaseeeens Cheese— Oregon triplets . Wisconsin cream Bock Swiss Washington tripiets Tillamook triplets, old. 230 POULTRY AND MEATS Prices ald Wholesale Dealers Rrotlers. 33 * | was Roosters. Hoge— Choice tent Fancy, heavy, POULTRY AND M Prices Paid Wholesa 9 | Duke. | Brotie | Geese Turkeys. y, dressed Live, fancy, 1b. ¥ Belgian Hares Drones: Cows—¢ Live per 1b. untry dressed, Hoge—Fancy block Veal—Fancy, Itght Heavy, coarse . Medium, dressed’... ..: LIVE STOCK Quotations at Stockyards firma have acquired new industrial | In 18 out of | ive million feet to avatlable | § | hold their NOVEMBER 12, 1923, °; ‘OROVILLE NOW THRIVING CITY Hockett Tells of Growth of Okanogan District Under the stimulus of the West Okanogan Irrigation project, Oroville is developing rapidly, according to Eugene Hockett, president of the Bank of Oroville, who was in Beat. tle Baturday on @ business trip, Hocke ett was formerly president of the Instantaneous Alarm of Beattie and left a few days ago to take active charge of his interests in and around Oroville. “The income from fruit in and | adjacent to Oroville is now approxi. mately $260,000 per year,” he sald Friday. “New peop are coming in from the Wenatchee and other districts and buying land under the Wester Okanogan project. They are setting out orchards and bringing the inal) | under cultivation. In six or seven years the fruit trees already plant. jed will produce approximately 10 | times the present amount or over two million dollars annually. “The wheat district in Northern Okanogan county harvested a mil lion dollar crop this year, the largest it has ever had. The in come from pork, veal and dairy products is increasing rapidly. ‘Th Oroville cannery has just closed a° very successful season, having packed 19,200 cases of tomatoes. It js the only exclusive tomato can- nery in the state, “The Whitestone {rrigation proj. ect of $,000 acres is under active construction. It is now about onc third completed, and the entire | 8,000 acres will be under water by |the end of next year. This project adjoins the completed West Okano- |gan project of 10,900 acres, lying crc can Oroville Load Tonasket.” 'LENAWEE SOLD | FOR §250,000 One of the largest apartment | house transactions in the history of Seattle was closed this week when | titte to the Lenawee apartments, | passed from the Lenawee Invest- |ment Co. to John Slattery, for a consideration approximating $250,- | 000. “The Lenawee, basement structure of attractive de-“# |sign, situated on the southwest double corner of Harvard ave. and Olive st, contains 78 modern apart- | ments, and has been one of the most consistent revenue producers jof its kind in the city. The transaction was closed by | West & Wheeler, who represented |both buyer and seller, and the jmanagement of the building will j remain with them as heretofore. PASS CATTLE IMPORT RULE PORTLAND, Ore. Nov. 12— Stringent regulations henceforth will be imposed upon importation of cat tle from California to Oregon. At a meeting of the Oregon live. stock sanitary board it was decided |that cattle, other than those from jaccredited state or federal herds, |must pass a 90-day eye retest be fore mingling with Oregon stock. The board charges that cattle from the Southern state have spreat bovine tuberculosis among Oregon’ free herds. ‘To lessen danger from hog cholera the board passed a regulation whick necessitates hotels reporting dispo [sition of kitchen refuse if it is de |lvered to hog raisers, and requin ing vaccination of all hogs to which such garbage is fed /Old Bank Quarters Have Been Leased Leasing of all but a small portion of the old Scandinavian-American bank quarters in the Alaska building, reported Saturday. A. In Houseman & Co., members of the w York Stock Exchange, have taken the corner space, and Michaels hweigart, formerly of the New * Tork block, will occupy the southern portion with a restaurant. Two other concerns will take smaller space, the |new tenancies totaling a rental of | $3,000 a month. | | Painters Announce Convention Plans ATLANTIC CITY, Nov. —The International Association of Master House Painters and Decorators will annual convention in At- lantic City, with headquarters at the Ambassador, February 5 to 8, 1924, A. H. McGhan, of Washington, executive secretary, announced to, An attendance of about rip) sons, who will represent. pract! ery locality in the Unit na Canada, ts expected. , | Cloak House Leases FLOUR AND st Wholewal | Plour—rocal vee " Paks ad mnily. pate | Alfatta Hay Btraw .... Corn—Whioie, Cracked 1 Barley—Whole feed, 100's Rolled and ground, s0's-100 teed, 100° 100s. puting Ps aned feed, Wheat—Rec feed mle Chop—tois'; y 100s 100s 100'a 100'n ! Ment Scraps Bhell—Kastern ovat Weatern oyster, 100 Fifth Ave. Quarters Mrs. Mollie Adler has leased the storeroom at 1 Fifth ave., between Pike and Pine sts., it was announced Saturday by Carter, McDonald & Miller. The space will be occupied | by the Adler cloak house, which has | been located at 1616 Second ave. for {the past seven years, after extensive Iterations have been. made. Safe Deposit Boxes For Rent $3.00 Per Year Wm.D. Perkins & Co. Bankers 211 Cherry St.