The Seattle Star Newspaper, November 24, 1923, Page 20

THE STAR’S PAGE OF NEWS FOR BUSINESS MEN “Utopia” Bobs Up Again|{New York Stock Market in Kansas City Suburb STREMT JOURNAL, FINANCIAL BR bw —Deapite the distraction constituted by the annual “Indian Village” Prospectus Sounds Almost Too Good ow York and the hard struggle at Cambridg way from Wall street tod extraordinary ac brief weavion which cloned the woek, A fur in many the list and the wince the BY W. B. FRANCE Utopia, tho imaginary — perfect city first conceived by Sir Thomas More in 1615, hax come to life again with all modern improve- ments, It is, If one may believe all that its advertisements ray, bo incarnated in “Indian Village, & now suburb of Kansas City, OUTLINE TAXES ~ Reduction Hangs on Budget ~ System and Soldier Bonus _ WASHINGTON, Nov. 24-—Presi: it Coolidge will tell congress and country that only on certain finite conditions can taxes be low: in the coming congress, it was Adicated today. | These conditions include strict ob- 2W YORK, N worvioe football wit Which kept many tr tivity was maintained int | ther outburat of atrength t it of bullishness was f Dt upswing wot under way ng th dustrial leaders Corn Products w while Davinon Chemical ex out a good part of the week Closing pric wp ®t Davine One Exhibit Exhibits will include every phase of buying, building and furnishing a home. Complete Bungalow House will have more built-in features than any five-room home on record, » the autatanding fea vcored substantial urt which wiped y break In the middle 41%, up %: American baker, 104%, up 1 Cuba up ty ¢ Ko & Ohio, 6 , off %; G “Children may play in the streots without being endangered in any way by the reckloss automobile driver." “Wher swimming.’ “Where the fathors may the clubhouse,” | Fathers gathering at the clubhouse Walls, real or tmaginary, sur-|—there's a touch of real home life! round tho town like the barricaded| But perhaps they meant “reel” home cities of old, ‘Tough luck for the| life ADVANCE, FRIEND, AND book agent and the bill collector, ND for, It is declared that it 1s |GIVE THE COUNTERSIGN “A place where no one may eu-|, When the city has reared its hun. ter unless they are a part of In-|@ted# of homes and ‘tho gates are |dian Village or invited by one who Sf We GHer nad Soran ic seaaet jis a part of Indian Village As | he ‘Star of Promise sheds many|™&Y: Perhaps, be seen approaching bright, effulgent raya on the streets} #0 Feaches the portals and de a4 mands admission, and chimneys of this city that |} “stave you a written invitatio rom a member of this community? “A place where there will be no} fo" e asked, jaeka Juneau room for politicians or grafters,”|"®,may be aske oma 2A “No,” would-be hin reply, Allied Chemical where “there will be no salaried on ave urgent business to perform.” | 4 palmera | office" and where “every dollar wilt} MAY? Ure 5 [ Am. Agr, Chemical “What is the nature of the bust be spent for the good of the com- do pea nequent dip when buyera left the t |nesn?" the village Cerberus will do-| Amer. Beet’ Hugar tse! Bey ek 4 ol bln ales munity” peg | TELLS WHY Amer. Béreh Suen market, wheat continually weak- | “In sooth, GATES ARE CLOSED JAmer. Brake 8h 1 ened. ‘Trading featured selling in| to ntl Rear, Gee eee wie December and buying in May and “Why are the gates closed?"| “pegone the guard will| , do pf... , sly, supposedly by eaatern inter- | queries the ad; ang then it an-|petiow, “You are persona non grata | Amer Chicle : ta. | | swers, “To make a secluded spot, &| by virtue of article one, section one | : Weak cash markets everywhere, | retreat, a rendezvous—a place} of the constitution of the people of where, one may hide from the many| Indian Village!” |things which are not part of real) It is a beautiful picture, this vision do pid eo offerings and reports that the Amer, Drug #ynal Staley Starch works, one of the| “ home life," lof a modern Utopia, And perhaps Passing “supplemental and extraor- | OMe ne a ? Amer. La France % oon | expenditure bills.” | “Real home life"—that's — tho/ much of it will materialize. pea nee mane cate garket wa also, oft, Bhip & Com ! | 8 e ¥ . iM Am. Hide & Lether, ) Teent buyers of corn In the mid do ptd would go on a three-day wee mer, 166 ing basis, brought slumpa in 1 oF - | entirety, Me That there can be no tax re-| tuff! From a list of the miscel-) But taking it in its entirety, It} Amer. tocomotive ... 7 | demand, |lancous blessings of the village, wo! seems too good to come within the! 4 . | Provisions closed lower, glean a few Items of real home life,| scope of the most sanguine prob- Kadiator eee A « “ ‘ 4 OX ‘ sues Company, n Woolen, 74, + Bue up 1M; Gulf States BE ; Cast Tron Pipe, 61, up 8M: Bin Up MG; Brie, rohanged; Kallway, ‘Toba pid aul date the family may go gather at Opening. pr i up 2604p, off ty ‘ ‘i, reading, 70, | United States ‘ Woolen, Maxwell A, 604%, up gy; American Can, 1 64%, 500 at G1, up tie @ hy; CO. 2,000 at 70, Cant Iron Pipe, 4h a New York Stock Market ‘AD ATH up atex Rubt off %: off 4: Binclatr, Davison off 1) A. 7, ~ ination of the soldier bonus from © Present consideration, unless some | “Means is found for financing tt | © Secretary of the Treasury Mellon s@nd Comptroier of the Curren are now drafting for the “financial message" to | peompany the budget | GRAIN PRICES CLOSE LOWER iO. NGVe4E Orin prices | 6% | cloned sharply lower on the Chicago }$| board of trade today, Following the opening bulge, to some short covering and the sub 10 Second Ave, Healtio High Low Stock pend Adama xpress Advance Rumley do pea Att | Ajax Mubber ing day of congress. “The data supplied by Mel and Dawes will form the basis Reb ett hal taxation com “go into much detail in the budget Message on the tax question, it was © Warned he intends to make these ts: 1. That the country has shown evidenced by the reaction to the on tax reduction plan) a strong © Gesire for tax reduction. > 2 That he believes such tax re "diction entirely possible. 3. That it is up to congress to “Make It possible by keeping appro- ‘priatiors within the budget and not due air, I have @ small bill Here are the carpenters and painters putting the “nahihg touches on the five-room bungalow built on the first floor of the Terminal Sales building for the Better Homes ex- position. Standing in the doorway are Harry B. Bolton, Frederic Seizas, Irving B. Lin- coln and Mrs. J. B. Corrie, who have been busy getting the exposition ready for the public, Eighty-elght booths for exhibits have | been sold on the second and third Jattle real estate men, Not that they | floors of the Terminal Sales building | Chicago Board of Trade} «ve een doing an extraordinary /at First and Virginia. These will amount of business, tho real estate |cover practically everything that has continued to'be active; but they | goes into a home, There will be bath- have all been doing their bit to help | rooms, electrical displays, furniture, put across the Better Homes expo-|heating appliances and miniature sition that will open at the Terminal | homes and landscapes. Some of the} Sales building Monday, and many | booths have cost as high as a thou- members of the Seattlo Real Estate| sand dollars to install. association have been contributing] On the first floor they have bullt the major part of their time to the|a complete five-room bungalow, big show. j was designed and built by manager of the exposition, is a “Bet- ter Homes Exposition” expert, hav- ing superintended similar shows in many other cities, under the auspices of the National Association of Real | Estate boards, which sponsors the | movement. "There are 62 questions,” he says, “connected with buying a lot and building a home. These questions haye to do mainly with legal points, any one of which might prove to be It | of vital importance. These questions John D.| will all be answered and explained in | ‘This has been a busy week for Se. Financial Flashes From James Macfarlane & Co, 11 Second Ave. —— Twenty industrial stocks average | 91.83, a decrease of .34; 20 rail stocks Amer, Int. Corp and the market close wer. Batety It to-wit: ability. 4 $1.04) 81 Low 109M Great Northern revenue freight Joadings for first 15 days of | Frontiersman in Was Built 43. Trust Officers Hold First | July November show a 30 per cent in- erease over year ago. On November 1, the Pennsylvania | Railway had 142, 527 shareholders; aj Years Ago for King Interstate Meeting | Los ANGEL! Nov. 24.—-A proud SAN FRANCISCO, Nov, 24.—The | Lara— } gan [Rip JOM cccses <1LGS 1286 1150 1188 Nominal | them “It is a big undertaking,’ one of raid Friday, “and which wo reap little tangible and immediate benefit as real estate men. | Hall, one from) Seattle bullder and contractor, and will contain more built-in fea- tures than any home of its size on| fur. record. It will be completely layman's language in a course of lectures to be given at 3 and 8:30 o'clock each day in the lecture room on the mezzanine floor of the bufld- Rew high record. President Byram of the St. Paul said yesterday that he could see Mothing as yet to indicate a smaller volume of freight busi- mess on his road for next year. ~He estimated earnings this year Will approximate the $21,000,000 * required to meet fixed charges. Willys Overland produced ears in October, or treble the produc- | tion of any previous October. Novem- her output is scheduled for 20,000} But we do know that it will be a big mutus to home building and home | Co. ning i Seattle, and that we will| Stages are erected on the second fool nefit of this stimulus|and thin! floors, where entertain. thru tt year. Nor will tt] ment will be furnished daily fram 2 be morely real estate men that will|to 5 and from § to 11 p. m. Orchestras benefit, for the community|from the Gowman hotel and the will, to a greater or leas extent, share| Cornish school will furnish music. in the added prosperity it will bring| The Cornish school will give dances 8e and other specialties, and th Nor has the work that they have | be two professional vaudevill been doing been without results. | Harry B. Be assistant general ] lower ~ oo °;BUSINESS GOOD _ TAKE MOVIE OF (New tw HOES gage and refunding 6% gold bonds, a P, Series C. due March 1, 1963, ts be- San Francisco Produce in connection | 1g offered by Halsey, Stuart & Co. shatter oe TTMAY's Quotations |The bonds are priced at 94% and interest, to yield over 6.40%. nished by the Standard Furntture| ing.” A nominal admission of 25 cmt) | will be charged, as the exposition will |draw large crowds and it has been | found from experience in other cities that it is necessary to restrict at- tendance to those who are sufficlent- y Interested to pay a small charge. An exception will be made of school | children, as the exposition has given | free tickets to every Seattle school | child under 12 years of age. Uttle yacht, the Frontiersman, ended its adventurous career in the poor house today. Bullt 43 years ago for the king o! Spain and finished with gold bro ef co cade, the now dingy craft was held| opinion for $2,450, ending the cruise of a party of British adventurers who : } started out to sail around the world Colts TENbO, A group of young British ex-service | Wyoming, |men bought the yacht after the war, | Mexico and Ariz in which it was sunk ag a subma: at company of cars. rine patrol, for some $5,000 to make aes = the chen ae Ratio of Federal Reserve Sys- . Nett cruise. The Frontlersman beeper ge Siete a rec aihihet 2ES week i as libeled here and the crew was| cat Ratio pad ttable to: meet. the debts Increases in trade with the Orient, year ago. P ; 4 he crew, which started out from | Alaska and Western states aro given eee reser! Ts as hs kncaey a: caver wnt {as the cause of the increased pros agai week ago an 2. | England on merry adventyre bent, | 8% the chuse of tA bade thelr s dispersed, all except the captain, | Perity re Cachap apatite ate . ane | has dispersed, al + | oredict! for the com! ear Oo! year ho. faithful to the last, aaw his| Predictions for the coming year on Sees ere po ecrtanl ho, faithful to th aaW ite [new industries, increased population contrac r origina ent | once proud ship sold on the auction | from Moon, Packard, Essex, Hudson | block. |and good crops pig | “Oriental trade, Alaskan business, and Oldsmobile, and other large con- der negotiation. Con En ts ignominy, the | “argo nile Grecdeag Bical conipmened new buildings, new tndustries and ‘tracts assure increased operations at Frontiersman will probably be sent | ty srlietmlpeay si into commercial trade by the Los|B¢W residents have given Seattle a big year," W. H. Shoemaker of the ‘Cumberland and Akron plants year hag been one of the best | the Pacific Const and 1924 will be a in oft gathored here from Washington, Ore- | present Auto Knitting Baldwin Loco w & O, do pra Arm D: Liverpool Grain business years Wheat—- Open Ifigh Low Mya's od be Sa Oid Be ¢| states have seen, et year tinued activity, May of trust company whole gon, nia, Montana, Fisheries sue Otte : . . fhow pt Denver Live Stock Friday's Quotations eipta, 1433; market, 1607.00; to Utah, The m als ts being h o American Colorado, ‘on, lpia. nay te A departure which may prove an ieee Sees Big Future in| !mportant innovation Puget Sound District with skystraper construction js be- |{ng introduced in Chicago. A mov- ing picture is being taken of the ‘That Seattle and the Pacific North-| progress of a large new office struc- west aro on a firmer foundation of} ture, and when the film {s complct- prosperity than any other city and/ed {t will be possible within the section of the United State: is the | space of 20 minutes to witness the} .| Observation of W. L. Rhodes, promi-|entire process of the creation of a nent 1¢ merchant, who has just} 32-story office building. 0.05264; lire, $9.0483; returned from an extended Eastern! ‘The building being filmed tg ve trillion | trip. While activity is great ini. WW. straus @ Co. structure now t closed | manufacturing and other lines thru | going up on Michigan It is be- down. Merling demand. 1 off % » East and Middle West, the] ijeved that t picture will have france, $0 f. off $0.9008; lire, $9-0452.| balance between production and con-| p+, " Tel 86,0002; Betaian franca, $6.6464, ore | DRIAD p Y great educational value, and that 40.0001; marke, elght trillion to the dol-| sumption is better in the Northwest/ing — pustde of oth important | Gonder, 1 TES | ar, off three trillion pwhete, and this part of the] structures will follow the idea vette gy Soar jcountry may look forwant to @ genU-) ry snow the building from jine and more widespread prosperity, beginning until the outside of Subs Cane Bu N. Y. Sugar. gaa Coffee in Mr. Rhodes’ belie! abl uba Cane Sugar Re ghd Frida tons Sugar—Firmer; raw “ refined, firm-| “Few of us realize the tremendous element for sustained prosperity we Cuban Amer, Sagar ben Dom. Bugar es ig Cottee—No, 7 Blo on spot, 10% ; + Tie ee) nave in our great lumber industry, with the entire nation in need of an Lack & W pion No. 4 Bantos, UM @IS%e Ib. Wi increasing amount of timber products Boston ool from this Jast and largest storehouse ROBTON, Nov. 22—A fair woot de. ee cael mand from mills continues, but those American continen| Mr looking for fine Australians are disap-| Rhodes sald yesterday. “The returns | polnted. | 3t ts said that mille tried to) coming in from our lumber cut, the buy some of these wools en route, bi satin amen Tire ; P nd all sold, Buenos Aires wool | excellent prices prevailing generally s in the lumber market, and the tre. mendous roll maintained thru are quoted at 29¢ to « local importer light depart. | southeastern Alaska, at noon: str Alame tie for fives, but both of these Western Washington and in other parts of the Northwest, provide a ment {asue predicated upon |4% from southwestern via south: dea can be bought in the local mar sale of the Beacon Hill bonds to the | Alaska. at T a. mai atr Eldridge two or three cents less. Raporta eave vee Tacoma, at “hoon, f ume of business has diminished, owing | sure and certain foundation for our} Allen & Co., the bidders asked | Santa Cruz from Tacoma via to the action of exchange rates | general growth and development, MRFERUg te dee ee “But to mind one of the great: || est opportunities that lies before us |! is in the production and canning of it n; mtr Admiral Farragut <a ‘ the lighting department issue Foreign Securities and the matter went ov A | our small fruits and vegetables. The world today eats from cans. r until Mon. | Sound tr 2:39 . 9 Furnishe #10 Second Av Aiocks: r4.a66 Sterling Production figu: show that here q 8 105 cts, erenon franc In the Pacific Northwest we can yult Minter Stee cts gian franc grow greater yields of amall fruits, Mayes Wheel : ‘ i when franc cts: | vegetables and other produce than is Hartman ¢ Italian lira where. We can put our fruits and vegetables into cans under the most favorable sanitary and labor conditions, and ship them: by water to the large populations on the Atlan. tic seaboard cheaper than the Missis- | Household Pi : 26. Swedish krona Houston ‘Oll s a4 Norway kr states can ship by rail to the] mark | Vessels in Port at Seattle | jiisison’ sovos ; | 36-80 cts. . Norway foney is being spent more freely Terminal —Pler 41—str| Hupp : Greek drachma ast than I ever knew it} rian crown .0014 Holland florin .. 38,6 manian let Spanish p ta., There seems to be an money everywhere 1 Jespite the weakness inherent in the tit « 2% lsleact that the farmer is getting low | Angeles Shipbuilding company, pur-| 0A tig Trust Co, declared. “There chasers, + 1 jis work for everybody tn Seattle, | c wages are good and the outlook splen- | aid.” structure 1s entirely inclosed with brick and Indjana limestone, a spe- cial motion picture cage was con- structed in Grant park, where camera man takes 20 to 30 feet film each day. When the pictures are finished, |they will be loaned to engineering schools in various parts of the country, for the purpose of illustrat ing building construction methods. ‘They will also be used in architects’ and contractors’ conventions for the the | purpose of showing the latest con- the struction methods. 29e Ib. BEACON HILL BONDS SOLD | A premium of $4,700 was paid by the bond firm of H. L. All . on the Beacon Hill improvement bonds Frida , and the o for the $250,000 issue was accept later b: council finance || Foreign Exchange tho 3 Foreten Sterling demand, Ship News) Tides in Seattle SATURDAY Novete First Migh ‘Tide ° r J, T. Hoa, & Co., Wateel exporters, will tak: Henry-Stuart bvilding. Whe Seattle Press club will move to 3234-41 White-Henry-Stuart build UNS.as soon as construction starts on the new medical building. . . lumber and 04 White The foreign exchange ma ave. Motors NOV, 25 Fiest High Tide Tide | 6:37 a. m., 11.9 ft 66 tt.) First Low Tide en tt.) we 3 ft] commit \6 Action on bids submitted for million-dollar bond issue for exte sion of the municipal light and power department was deferred by the committee until Monday's council meeting. Two bids were made, thru Blythe, Witter & Co., for par, accrued Interest and $300 premium, and the other thru Willis L. Camp- bell for par and accrued interest |The bonds are 6 per cent revenue | bo Both bids 2a m. the rt Low wn, || 3h:26 am | second Wide | 12:07 p.m. Jase. 10.8 ft. | mecond I | Second Low Te | 4:55 p. m., 11:20 p.m, —0.6 ft see * Pred M. Grinnell, insurance an lyst, has rented 4427 White-Henry. Stuart building and will be located @t that address December Ist. sae The Hart-Smith Music Co. have ) taken the space in ihe entrance of the Douglas building formerly occu- | ‘pled by the Brewster Cigar Co. o. >On account of the death of Mr Bradford the Bradford-Kennedy Co. Will close their office in Seattle and Vacate one-half of 917 White-Henry- Stuart building November 30th. Emmanuel & Co. will take 1305 Fifth ave. after the Exhibition build. amg is wrecked and later the two Stores north of the entrance in the Rew Medical building. | of the Hart-Smith Phonograph Co., has rented the mez. ganine floor of the Douglas build. fing. He will put a complete line of Phonographs and records in this Space. De I) Dome sti Weather Bureau Report Elec, Btor, Battery. - TATOOS ISLANT gride eh Barometer rinti So 1M pie cloudy; wind went. 38 rapidly; parti? miles an hour, on tho Fifth Fink Arrivals and Departures Arrived—#ir Admiral Togers fro’ tos rriy q ‘al Tow f were the i your wages. should - cease would you be pre- pared for the emergency? Conditions beyond your control might bring about that situation. is continue, these were sold | to for on Steel Tonnage May Show F. urther Drop PITTSBURG 24, there is Should sickness or other cause bring you face to face with the problem of a depleted income your Dex- ter Horton Savings Ac- count will be your best friend. oma, at 6:30 Unless ange In volume of buying in next week, U. S. Steel's unfitled statement for No-|gaun ¢ vember will show approximately the | Kaga Maru . dealers in lum: | same did the October | Great Northern en one-half of room | «tatement 2,925 tons, c 14, 6614-A and 6616 in | orders 1 yhite-Henry.Stuart a decided c possible el: tonnag’ decrease Terminal—Str To: o bringi t Terminal—U. 8. ©. G. 1 hand December 1 to abo q T. Heather usiness as reported on 1 December 1 will not in 500,000 tons of tin plate purchased in the first fortnight of | Building Permits Algon- Savings Department Open Saturday enings, 6 to 8 o' Clock building. | 4,300,000 ide over 8. Dett McIntosh - have taken White-Henry Co Ate Redondo, str Dorothy Luck. | Inte thruout the to be befo: abundance of 901 Truman Lumber additional spac tuart building. eee dtr Admiral Rodman. y Alexander Int pe 6 e i Bunkere—U. 8. 1. 7. | . n n Money Status ussian 6) viday’s Quotations preach q Logan & Bryan prench 36, 18 Aven Seattle Franch bs, 18 99. British Hritish he Belgium Pre 4 Kingdom: 1 Hides ‘al Wool ‘a 8s Buying Prices, F. 0, 1, Seattle ten «and Waroho' Str LB ‘ The Post Lumber Cc Brooks Lumber Co. have mov from 5542 to 6629 White-Henry. Stuart building. ne Board Moorings str West Himrod Be * | sippi prices for many things he produces ‘ me Liberty Bonds : The world need to know more about Friday's Quotations Furnished by Logan & Bryan Seattle. We are doing exactly right in preparing again to broadcast our 810 Second Ave., Seattle story Local Coal Given Heating Contract In favor of heat Washington coal, as vort for products, oan |* | de of yunty ¢ Hy BANK CLEARINGS Seattle Str Anna aan kA 1 S OR FIRE 5 ts we eran | anton iret Te Use Our Modern residence, 26242 ie Mane ict Te sit Equipment Bat Be x Ste Moonlll Had made with 1 Trldge & was the ommi ntract Dredging Co. home King igning a ¢ und Power & continuing to heat building for the with steam oll’ and keenly led the ¢ thoro inves methods of heating mind that the gen would be that meant Harbor Inla $6,997,107.27 2,474,098.48 . Portland rice of City-County nd ommi » make tiga Tacoma actior 4,028,000.00 Dexter Horton National Bank Third Ave. and Cherry St. Steamship Company Switches Terminal 20 HALIFAX, N authe s issue ree, clean se 28] dinavian-Americ mera ( t g t %, mill and | pe see toa tui 180 18! will dock here in 1923 beep pelts, ac +++$1.00@ 2.00 Now York, of $1 nds of St and $5,400,000 ‘equipment trust of Chicago & Alton, | factory machinery