The Seattle Star Newspaper, November 13, 1923, Page 14

MELLON'S TAX PLAN DOOMED! Heavier Load on Big In- comes Being Demanded WASHINGTON, Noy, 138.—-Tax re Fyision stood forth today ax Presl- dont Coolkige’s real test with con Pho president has given no in. ‘timation of his recommendations, but powerful opposition has sprung }up to the Mellon reduction program, Liberal leaders say it is doomed. »Eyen administration spokesmen say [it cannot te adopted. Conservative republican leaders Tsay enactment of a soldier bonus fis likely even if tax revision fails, The Metion proposal of cutting taxes ‘of men of small incomes is regarded ‘as the most formidable weapon that Feould be devised against the bonus. + Failure of the president to back ‘his secretary of the treasury in his message to congress will be con- ‘strued as a repuciation of Mellon, * On top of this comes the pro Bressive cohorts with @ substitute program. Senator Norris of Ne- Draska, one of the spokesmen for the group, says they will demand not a 50 per cent cut of surtaxes on big incomes as Mellon asks, but ‘fan increaso in the present rate. Other demands are: 1, Restoration of - taxes. 2. Measures to prevent or to tax heavily issuance of stock dividends. 3. A constitutional amendment to “prevent tax dodging by great wealth «thru investment in state, county and municipal tax free securities. * 4, Enactment of a soldier bonus. excess profits Pasco Farmer Boy Wins Chicago Trip KENNEWICK, Noy. Zindel, living near this city, has been awarded the Armour & Co. prize of a free trip to the Interna- ttional Livestock Exposition at Chi- ago in December, for his pig club work. Robert, who is 13 years old, / raised four pigs and fattened them for a period ot 231 days at the rato} of 3.1 pounds per day. The contest was judged on tho greatest average dally gain; least cost per pound of gain, complete: Ness of his record book and story} of how it was do ar} Co. offers a similar prize every yea to boys of the state. This is the first time a Benton county boy has won the prize. Prevailing | Paper Prices Unchanged | NEW YORK, Noy. 13.—The Dow- Jones news service said today the International Paper Co. was making contracts for delivery of news print “for the first half of 1924 at $75 a ton, the price prevailing thruout 1923, Financial Flashes From James Macfartane & Co, 811 Second Ave. ‘Twenty industrial stocks average 91.39, an increase of .29; 20 rail stocks average 80.58, an increase of .30. ‘The latest statistics covering automobile production are dis- tinetly bullish. The October out- put was easily the largest for any October in the industry's his- tory. General Motors in October sold 86,- 9700 cars and trucks against 69,081 in September. The most significant develop- ment has occurred in the copper industry, where the expansion in new business has surprised the most important producers. Sales of the red metal last week were in excess of those of any similar period since February of t year. Consumption is exceeding production by good margin and surplus stocks of metal are ex- pected to show a reduction this month. Burplus freight cars show increase. Foreign Trade ‘The United States bureau of for: eign and domestic commerce ° ceived the following inquiries from foreign firms who wish to represent American manufacturers in their re spective fields. Full information will be given to American firms on ap. Plication to 8. H. Bladock, district manager the bureau, Lowman building, Seat Algeria—($108) Canned meats and other foodstuffs; fruits, canned dried. Austraila—(8081) € sheets for shoe goods; fancy goox hats; shoe: Belgium. preserved ated mil Canac ties; toys. Chile—(3083) Canned cium carbide; cement; woolen goods; cotton waste; and lubricating oils; Dou ton seed oil; pr and wrapp paper; rice India— and epe rubber In (8122) Dry ardware; men's soles. (8106) Fruits, dried condensed milk, ev canned salmon. (8123) Advertising special goods; cotton and kerosene, corn re; mach ular ery 48110) Canned fled meats; fl South Afr chinery for fruit Straits Settlements num and enamelware glassware, confectionery goods. salmon; 2) Canning ma (8125) Alumi china and and canned {| TRADE TERMS }, os REDEEMABLE Bonds, long-term notes stock often redeem them, in certain times and at above their par give the corpc to take ad market condition time to time, ¢ the desires: or preferred provision to hole or in part, at price cont cert of more for finan to permit to ng fr security in inst In pure e4, care should be taken arket price is not much ed redemption price 13.—Robert | grind. | dey: | ev. | to Spend Visions of the ultimate completion of & gigantic superpower system, with highpower transmission lines connecting the water power plants of Montana, Washington, British Columbia and Oregon—and — ulth mately California, were brought by W, Leonard, president of the Puget Sound Power & Light Co, on his return Monday from a busl: ness trip to New York and Boston, With this objective in view, the Puget Sound company will start, in the near future, one or more addi tions to its hydro-electric facilities that will run Into six or seven milton dollars, “It is impossible to make any more definito announcement right now," Leonard said Tuesday morn ing, “as our engineers themselves have not as yet decided what their first move will be, The plans are under consideration. Ono ef them will entail the Immediate ex rendituro of one million dollars, with a six million dollar expendi: ture following in two or three years; tho other will entail the immediate expenditure of six mil: lions, and postpone the amalier de velopment for a number of yearz. “Tho supply of electric power Is |subject to two fluctuating Items | Water and demand. Demand varies, and water power sites have their seasons of low water, When water ts low the demand ts high in any district, the power must be manu- factured by steam at a prohibitive cost, or be brought from districts that have a surplus. For this rea- son the power companies of the Pa- cific States are looking forward to & huge superpower system in which high-tension lines will con nect all districts, permitting an ex change of power to supply local |needs at a uniform cost. |INVESTORS HAVE FAITH |IN PACIFIC NORTHWEST “The company has not made any considerable additions to its power | |Production fucttities during the last | ite Ww years on acount of the exces-| » high costs during and following | |the war. Developments made during | |such periods in greatly {n- creased fixed Interest charges and are apt to prove barriers in the reduc. jtion of rates, It has, however, been spend on an average of approxi-| mately $2,000,000 a year in new dis |tributing systems to reach new cus tomers, “I was pleqsed to find that invest- ors still have confidence in the Puget und district and are willing to as-| sist in financing additions to our properties as fast as the market for increased electric energy is avail able, We no longer have to look} jentirely to the eastern investor, how- jever, in financing our new proper- |tles, The securities of this company Jare finding a ready sale with the| small investors in the state of Waah-| Hington and particularly in the district |! |served by our company. This condi tion Is true all over the United States as is shown by the 70,000 stockhold. | ers which the Los Angeles Edison | | Co, has in Southern California among its customers, | “The very heavy investments| |which are being made by eastern \capitalists in tax-exempt securities | is producing an unsettled condition, | both in the money market and in the| |revenues of the government. Since| |the income from municipal securi-| |tles are exempt under the surtax | which affects net incomes in excess | of $5,000 a year, money {s not only| |being diverted from business chan-| |nels which produce taxable wealth, | but the expenses of operating the |xovernment are being thrown more |heavily upon the small taxpayer.” |FINDS BUSINESS | MEN OPTIMISTIC | “I was glad to find business in |the East much better than I expect ed. Business men are more optim Jistic than they were on my tri East a year ago. Then, if any |building was projec they, w jail saying, ‘Walt until after the firs of the year’; now they are confident in going ahead. I ed this new feeling of confidence in th gineering division of Stone & Wet» which is going ahead with some huge construction work in the} East, and whict of the big. t engineeri the Puget Sou All classes ubout com is one companies in the came | all of the “| Announce Awards on |War Damage Claims WASHINGTON, mixed claims nounced summer, m I met are talkin commit that suffered occupation of the war ‘ded $1 asa Co, knitting; CouLp You! § DUPLICATE IT IF LOST Q That valuable document that means 80 much to you will be as safe as human agency can make it in our Modern Electric Safe De- posit Department. Inexpen- sive. Efficient. Inquire today. “Seat g NATIONAL aceohee AT COLUMBIA: ‘New Business Optimism Evidenced by | Program for Expansion LSeapieal ‘Ship News Puget Sound Power Co. ¥ BTROMT JOURNAL FINANCIAL TuOVIW pNEW YORK, Nov, 13.--Prices wore unsettled tn the early dealin: ck maricet, aome obnervers attributing the iiroqularity to ie ov ‘ many, which was helg | by the threate ation monarehy But aterling @hi no diaturbar sents abroad | mtead, the rate on London recove n the early 4 #.' Conaolidated Kas displayed a atoadier tone, recovering fractionally 69, Dut wilt Haldwin, Hethiehem, Gene dupont an rs includ Studebaker, General Motors, a: t , Off Mey merican Can, tool, 40, about coming here next year, Beat: | ph) Huey cote, te oft 100 Famous ‘layers, 03%, off 1, . New York Stock Market future,” Leonard commented on charges tive in tho last legislature, to the GRAIN PRICES effect that the Puget Sound Electric ratemaking valuation ix much | ARE IRREGULAR higher than its assessed value for | Advance Rumley 4 Ue and tho surrounding territory %, up’ Si Heading, 7 will seo a big growth in the near | Btool, 04, up %} recently made by Homer T, Bono of Tacoma, farmorlabor representa. taxes, stating that this was not tho | Air Neduction CARO. Ajax Rubber . uch goes into rato-making that | Alaska is not taxable property, ‘Take, for | Ailied © instance, the fact that the company | Amer Was required to spend over a mil: | ion dollare to pave streets: under Into the wheat market. As a result CHICAGO, Noy, 12 cloned irregular on board of Trade today, Strength in corn brought buyers ~—Grain prices the Chicago ona Wheat Close Deo, | May j July i $1.09% 11.90 12.00 11,90 12,00 963 hard, 11.0% {eetietley traachion. Chia wan. a( Se ‘ December recovered and closed high- cost that goes into ratemaking, but | 4! Pie danar celhversee Fecevares 2 an neither the streets nor the pay- lp-all OF the day's lonses. BpoOC hh Joc ber couldn't be taxed for them. As @ Aphis Fe ee eee. esiene and blithe matter of fact, the two valuations Drug. ‘tiynai, : x Ls Niet s MES Rb Sean ARE aeina BASIE Gk pew [aie Bian a bnretans er close. Light movement and un jAsmer. Int. Corp. huakings returns caused the upturn j Amar. Locomotive. Oats firmed up and showed ® SAYS TEEL t HAS do pid « olight gain at the close, Amer. Whip @ Co 3 d. exiatoc | Amer, Reneltere com’, Benq femne Se do. ped Chicago Board of Trade | amect teal puays2) $1 Open Miah Low sa Amor, Tel & Tel... 128% Am. Tobacco pld....103 Amer, WV r Works, 40 Am, Writ, id. 9M Decreased Tonnage Amer, Woolen seers Th Anac takes NEW YORK, Nov. 13.—Jesse Liv. | Ane Ser tsshe ermore, the New York financial ex-|Ased OU . ‘Coast ‘Line United States Bteel October unfilled | Att dule'e we tonnage report, said: ‘ “You do not | Atchison . need any better evidence of what the| , 4% pf big interests think in regard to the|Auts Kniitine future of the steel business than the|H. & 0 way the price of United States Stee! | parassalt B in steel tonnage on Saturday, “It la the samo old story of the etting the past and | Bt ble Interests forgetting the past and | y iis Car Lots turned the corner, as will be amply . 43008 + a3 u shown when the next unfilled ton - : b 4 nage statement is published Decem. | 5 i ing belonged to the company, it ay ink 1h Hepa per corn Uy se idle th aks them Amer, leo . favorable weather conditions and Amer, Hafety Ni ‘rovisiona clo firm and higher. | Amer, Humatra | Amer. tuane .. Monday's Quotations Livermore Sees No Gloom in| rer goracce. ni stem Amer, Zine .. At pert, when asked to comment on the | Atl Coast Line Austin Nichol common acted in face of ths Increase | Heth. Meet ee looking ahead. Steel industry has | js Grain— Recta. Cont. ber 10." han Zin ‘@lead 4 Announcement of a reduction of | aiet 362,925 tons in the unfilled tot ce of the steel corporation for October j} Was about tn ne with | Bookings for O: Foreign Exchange Monday's Quotations yorx, s smand. $037 % jen, Bat % 31M) fran |, $0.0658; cable t2.003s, oft predictions. ber are reported to have been slightly better than September, but some cancellation were received during the month, nw nt “ae i N. Y. Sugar and Coffee oy iy Chuet “ eee Monday's Quotations Tides in Seattle = pe ss: . sae ay iar |} Gete raeree agae—Quiet: raw, $7.1 ee 1 ae eranuiated, $5.40 5.90. Fiest Low Tide mer. Solvent tance p. Tab. Reo., 14% refined, quiet; « Santos, 146 & m Fiest i 9:13 wm, 12 Second Low Tide | 2:85 p.m. 66 ft Seomd High Tise M2 pm, 26 Weather Bureau TATOOSH ISLAND, Nov, Barometer rising, ‘light $6 mile an hour éxeis Arrivals and Departures ! Arrived—Nov. 12.—8tr Stlvera str Wilipoto from New York via ports, At 4:20 a. m.j str Admiral Rogers from | Ateaka, at 4:15 a, m. Nov. 12—-etr ad midnight Alexander trem Ban Diego via ports, at 11:30 p. m.; str Arabia Maru from Tacoma #145 | a .f ° Liverpool Grain Monday's Quotations x Lota te 10a fe toma 4d fs 840 Aner, Sowar Dom. Sugar Chemical rae Denver Live Stock Monday's Quotations Cattle—Neceipta 17,615; market, te" 16s lowers. eel -oteern: Halitceckers med tees Hoge—iteceipts, 14,000 Teo lower, Top, $1 ts.000% Receiptn, 13,202 Fat lambe. § steady iat calven, or market, 5; bulk, $6750 ee 0 from 20 a. m. market, 25@400 0:12.40 Sheep higher er lamba, $1 # Bebres from San + Dorothy Quotations prime eral Asphal 1 Cigars ral Electric > epecial Foreign Money Status Monday's Quotations Temished by Logan & Hryan B10 Second Ave., Benttle ldwyn Pi Normal Valve Present Value) odyear pfd.. 42 1 oe ¢ anby Sterling rage at 5 i ate couver via Tacoma a El Begundo for Rich pid antanamo Huger .. Fran vee 1M $ : allan lira Alaska Vessels i Wheel seeeses 364 ‘ corway. kt Nov Matled—B8tr Ad : shee ih Keror md, at. 2:10 p.m, | Homestake ‘ cts k drachma Balled, "Bir Alaska Austrian crown fh peevta Liberty Bonds Monday's Quotations Furnished by Logan & Bryan B10 Becond Ave., Seattle High Lo Vessels in Port at Seattle rminal—Pler 40. 13.00 ct Str Solr minal—Str Utacarbon Terminal—str Ad. oe Bir Philoctetor. Str Owego. Adm Third 44a. th +e Foreign Securities Morulay's Quotations Farnisheg ty Logan & Bryan M10 Second Ave., Seattle { Rocke Bid Askea Street Terminal—ate Mo u 7 Russian 18 : 3% Winge—tichr Ruby. ""Terminat—Btr Chariton k & Ware Japan Tapanose United Kingdom United Kingdom Italian Con. ailie Rie i peas xa ‘ mois Hides aid Wool Bridge & Dredging Co—~ mr Boying Prices, F. 0. B. Seattle Winslow Marine Hallway | watt idee « no, Bophle Christe ee ids and Chas. & Bulls Cit 3 Calter ree 4 No. pee ener Bohra Cama n, Meteor, K. V. mna; bktna Anne Comyn Crocker, barge Coquitlam Dry, each Green oF anited, Wool pelts, dry— Fine, clean Medium clean . Coarse, heavy Mohair, long, staple, ib... Valley wool Clean, medtam , Medium heavy : #0, clean KIWANIS CLUB HOLDS EXHIBIT To Put On Business Show in Sunset Motor Building ‘Tho Seattle Kiwanis club will hold a twoday business show Wednesday and Thursday in the Sunset Motor Co.'s remodeled salen and service building at Broadway and ast Union st, ‘The show will have exhibits from many Seattle business houses, and will be coupled with many entertain. ment features, Wednenday the exhibits will be held in connection with a buffet lunch for club members and invited guests, and will include a style show arranged by Otto Kegel of the Grote: Rankin Co,, with muslo by the Pig'n Whistle orchestra, Wednesday even: ing will be enlivened by dancing and vaudeville stunts, Thursday the show will be open to the general public with no adminsion all day and thru the even The committes in charge con- asta of ‘red C. Young, EB. Roger Dunham and Roy W, Corbett, chatr- man, RAIL INCOMES ARE PILING UP Contingent Fund Will Help | Weaker Roads, Says Moody Moody's Weekly Review of Finan- jelal Conditions in its current issue says in part: “Whether the short covering in the stock market was mere coincidence or not it probadly facilitated the nale| of tho big issue of American Tele- phone bonds. There is nothing so cheering to investors as a buoyant stock market. Yet no substantial change has lately occurred in the statistionl position of either the stock market or any of our leading indus tries, “Sterling exchange seems to be getting into a stronger posttion, The tritish buying of grain and cotton bills should now be sbout financed; and the trade position of Great Brit ain, both £101 and domestic, is definitely tmproving bills, especially around the latter part f this month, may ‘1 investment “Ratlroad earnings and income fn canes of many roads are 80 ex ing 6 per cent on the property ue as to make the recapture Jause of the transportation act an nt matter, The straws indi railroads eventuall ingent fund charges, these will be a deductio' |from the earning power |railway stocks. re existence of the contingent however, which would be a re. ng fund for financing weak |roads, would greatly strengthen the position of junior railroad bonds by protecting them against financial em: barransment, Perhaps investors are needlensly sacrificing some of these |tow grade bon T if the recapture clause in to be en: | | | | tuna, forced—as seems rather probabl LIVE STOCK—Let a small flock of sheep consumo the extra rough- age; they will returf two cash crops—wool and lambs next spring jand summer, ‘Thus sterling | prove a pretty) of the bent | | ey evidently are DENY STATES IN BANK CASE WASHINGTON, Nov. supreme court yeaterday fe petition of attorneys general states other than Missourl to partic: ipate in the oral argument before right of national banias to establish branches, Bighteen states leave to participate. Chiet Justice Taft announced the court would glye consideration to thelr briefs, but that argument would be confined to the First Na tional bank of St. Louls and the wtate of Missouri, these being the principals in the case, and the Unit ed Atates, which had been granted permiasion to be | heard, CONDUCT TESTS ON CRANBERRIES ‘Expert Follows Fruit From Field to Market ILWACO, Nov. 13.— Concluding his work on the cranberry bogs for this season, H. J, Bain, expert from the U. 8. department of agriculture in charge of cranberry disease in- vestigations on the Pacific Coast, han mado a shipment of 65 boxes of cranberries to Portland. Theno berries were picked under varied conditions from different bogs in Pacific county, Washington, and Clatsop county, Oregon. Not satisfied with any test other than one approximating the actual course taken by the cranberries in their commercial progress, Bain now fol- |iows the fruit right into the Port- land markets, where it will be ob- |nerved until late in the season. | ‘The purpose of the |being to have a complete and accu- had requested 54 different samples of fruit, from which results will be tabulated for the benefit of the growers. The Pa- elfic operating the fruit in being handled as nearly ft im ponnible exactly like all other cranberries sent into that par- jtcular market by the exchange, | om ; Timely Farm Hints Published Thru the Co-operation of the Washington State College AGRICULTURAL |ING—Order tile now for the line |you are planning on putting in’ this winter, APICULTURE—AIl |be packe pack bees now for winter; do not | later. | Swans | DAIRY—Bulld a shed to protect | wi pur the 2 | use cows from the rain. ¢ anure into piles d enough bedding to keep cows clean. FARM CROPS—Mow pastures; |rake and burn the weeds; give the graxs a chance. | POULTRY—It the wind ts sweep. | ing your birds off the floor, they | "t work. Adjust the front of your poultry house to keep the chick comfortable ther and} |: teacher to the Clase—-Dosa any one know how tron was discovered? Pupil—Yeea, sir, Teacher—W information. Pupil-—-Please, sir, they smelt it. Hollywood High School News. tell this class your | foed- | SEATTLE VEGETABLES Prices Paid Wholesale Dealers (The prices given are those made to re-| | tall dealers by wholesalers. With = few | eearonal exceptions, prices to producers | jean be figured by deducting the cost of |transportation to Beattie and sapproxt- | mately 15% for hauling, storage and se cont.) Artichok™s—Per don 1100118 ¥ er Ib, 0G 12) ip jew, dox. bunches 5 a Local. new, per sack. . L.25@ 1.60 | Brussels Sproate—Per 1b. 12@ 15 bage—Per Ib. Crate, 24 head Carrots—Loc 125 Local, eral Yellow Ban! mbere—Loc jekiing, box ni—Per ¢ Local, crate Onlons—Per_cwt 3 Pickling, basket : » Local, green, doz.....+ 20 Parsley—Loo., doz. Ire. enips—Per sack per Ib, ees90a0905 Potatoes— Local whites, 25] ‘331000 20.00| owt. ton . dow. bunches © mack Turnips—Per wack . FRUITS | Prices Paid Wholesale Dealers Apples— Delicious 2.00 King + 6@La Kin David 1,009 Bananas—per tb. +» 116 Cantaloupes—-Btandard 7661.00 Candas — sid 8 Cocoanuts 1.60 Cranberrles—1i Sasso Fige—Cal. white . 11.0001.25 Grape Prait 4.00 Grapes Waah, Concords Island Belles—6 1 per Per tb. Per vox per box | Pears Bartlet 2 Le git] a + O1K@ .02 NUTS | Prices Paid Wholesale Dealers | Back Lots XN. ln, per We Mixed Nuts—Pe ‘ 6} Wat € No. DAIRY PRODUCTS rices Paid to Shippers Batterfat A grade Seattle delivery... #1 Exes Milk—cCwt ¥. 0. Ft rf 240 DAIRY PRODUCTS | Prices to Retail Deal Botter—Le a oO Loca! prin i , f.0.b. Seattle supply 2.00 | Turkeys — Fa: B ) Cottonseed Ment MARKETS ton triplets ‘Tillamook triplets, otd. POULTRY AND MEATS Prices Paid Wholesale Dealers Brollers—Per T. . Capons—Live, fat, Fancy @. p. . Hens— 41% The ‘ Med 6, 3% to 4th The. Live, lights, 3 to 3% Ibe. Geese—Live, fat. § to 12 Ibe... Belgian Hares and up.. young per 1. and up . 149: Live, fat : live, per Ib... Choice lent . Fancy, heavy, 150-200 tbe. POULTRY AND MEATS Prices Paid Wholesale Dealers Ducks—Dressed, per 1b. Hens—Dressed, heavy Dressed Live, heavy, Ib. Live, light, Brollers—Dreased, per Geese—Dreased, per Ib. Turkeys—Fancy, Live, fancy, Ib. . Hares—Lt . per Ib. try drease, ney block Fancy, light . Heavy, coarse Medium, light eased, R Z LIVE STOCK Quotations at Stockyards Cattlo— Alfalfa: May Btraw sedans Corn—Whole, el Cracked and fee Barley—Whole f Rolled Onte—Whole foe Rolled and gr Sprouting, 100 Wheat—Recleaned feed, Mixed feed, §0's ABGreek cep —3e Chick Feed—1 . | Chick B. M. Mant-—100 jrowing Feed—100's Egg Mash—100's Serateh FY 100's Cocoanut Meal—100'" 100°" 100s 100"s Linseed Ol Meat Soya Bean Meal Alfalfa. Meal—100 Hone Meal—100% ... Granulated—100's Charcoal (hardwood) —6 Fish Meal—100'" Grit—Limente ‘anite, 100° ‘ Seraps—Dastern, 100 Eastern oyster, 101 ‘Weatern oyster, ido’ the court in the case involving the | investigation | rate record of the behavior of the} Cranberry Exchange in co-| to its fullest extent and} ENGINEER: | should | sagen the | F. K GIVES TREND OF OCTOBER TRADE Bureau Report Shows Some Gains, Some Losses WASHINGTON, Nov. 13—The fol- lowing preliminary reports on bual- Ness conditions for the month of October 4 by the bureau of the census of the depart. ment of commerce; Recelpts of wool At Bonton were 7,513,000 pounds, as compared with 13,967,000 pounds last month and 29,530,000 pounds in Octo. ber, 1922, Sales of two large mall order houses totaled $27,743,000 during Oc. tober, a# compared with $26,052,000 | in September and $20,222,000 in Octo ber, 1922, fault Sainte increased over 12,7 to 13,004,000 in October, pares with 11,282,000 in 1922. Cotton ginned thru October totaled 6,400,582 bales, as compared with ~ 8,199,215 baicy for the same period last year. Tin consumption increased over 4,540 long tons in September to 5,540 tons in October. This figure com- pares with 6,603 tons in October, 1922. ‘Tin stocks in the United States were 3,677 long tons, compared with 2,202 Jong tons in September and 2,859 tons In October, 1922. The combined price index of 108 stocks, relative to par, declined from $4.5 in September to 64,3 in October and compares with 101.7 for Octo- ber, 1922. The combined index of 40 bonds at 70.6 compares with 70.2 last month and 76.0 last. year, Bank clearings, New York clty, at $17,730,000 compares with $15,071,- 000 in September and $19,668,000 a year ago. Bank clearings outside |New York city increased over last month and a year ago at $16,183,600 | compared with $12,900,000 in Septem- |ber and $15,356,000 In October. The general index of foreign ex- change, relative to par, remains un- changed from last month at 63, and | compares with 67 for October of last | year, have been rece Marie canal traffic 000 short tons This com- October, New Corporations OLYMPIA, Nov. —The following larticles of incorporation have been ag Beattle, $50,900. 1 Rolf | busine of buying, selling, exchanging | 8. Black, terson, | Pelly, and way, ete. Motion | was Picture ‘Theatre Owners of ington, ke 0, As , Ger 8. Y . H.W. Bruen, L. Le r mith and B, B. Vivian ts Behool Foundation, Seattle, no Nelfle C, Cornish, H. C. Henry, Struve, F. R. Van Tuyl, Harriet C. Stimson and Mre. H. F. Ostrander. Hind, Roiph & Co., Ine., Ban Francisco, Cal.. $250,000. George U. Hind, James Rolph, Jr,, Winfield 8. Davis, J. L King. |Jr, and Ira 8, Litlick, to bulld, buy, own, charter or otherwise acquire, sell, hypothecate, etc, and operate vessels of every description. Power of attorney to James G. Hayden, Seattio, Longview Drug Co., Longview, $15,000, F. G, Barnes and H. L. Strong. Mt Baker Development Co., Belling- ham, $25,000. E. B. Deming, B. W. Hun- . Cyrus E. W. Purdy, Henry I, Befrit and J. J. Dono- ‘The Morton Social club, Morten, no stock. Victor Kovicvich, John Bubis and John Vidieh. Midway Lumber Co., 000. R. 8. Fox, M. 3 Henry N. Anderso Camas ity Con. J. M. Speer and C. C Tilley Fred W. H. Mitet Pine Street Grocery, Inc, 000. Benkendorf, A. H. A. Childe, 9 Creasey Grocery Corporation, Kan- ity, Mo. $100,000. 1. I. Cream Croner, W, A. Frost and M. Lan- Montesano, $10,~ 1. Hackett and Witeme SJ) Motor Car Co., Everett, $25,000," ‘Tiley, F. C. Peterson and T. Vancouver, Seattle, $5,+ Benkendort Mercantile Printing Co., L. J. Gara Green Stage Line, 000. Frank R. Josc and Edgar Cole, Rex Ranch Oil company, Spokane, re< ducing stock from $200,009 to $50,000, and changing name to Rex Ranch com- Benttle, $5,000. and Morris A. Robbins Inc., Spokane, $48,- yn, T. F. Connolly Dock REGULAR SCHEDULE Seattle Dally 10:20, Fy srieciat HT SERVICE Pry From. Seattle to Bremerton Sat- urday and Sunday, 9:30 p. m, Regard dally 11:30 p. m. AUTOMOBILE FERRY Seattle to Bremerton Dat 09, 11:30 a. m., 3:00 p. tra trips Saturday and 8u 9:20 p. m. eicxcept Sunday. HJ Passenger Fare 80c Round Trip Navy YARD ROUTE Colman Dock Mis 3993 1, 8, 5 Single Round 45c Trip 80c Tr VICTORIA, B.C. Port Angeles, Strait Points Dally, 12:00 Midnight Does not call at Victoria on trip leaving Seattle Sat. Midnight BELLINGHAM,” ANACORTE Daity, 10:00 p. m “Port Townsend Wail Con- nections and MIll Ports Dally § a. m, and 5 p. m. HOOD CANAL POINT: Mon, Wed. Pri, 6:00 9 Freight onty SBAW WAY AN Mon. and Th Goes Neah May on Monday Trip Only) JUAN ISLAND pois 10 pom, vin Ana &AN Dally Stearn ra and schedules wu without notice, f PUGET Souno NavicarionCo CoLMan Dotk- FOOT MARION ST Powe Main Q4S8EE eane mee