The Seattle Star Newspaper, November 28, 1923, Page 14

PARSONS HEADS _ DEXTER HORTON ~ Powell logistature to repeal Is Elected Director of Seattle Bank W. H, Parsons was lected presi > Went of tho Dexter Horton National dank at the regular meeting’ of the | Board of directors Tuesday, to sues the late N, H. Latimer, who dled Week. Parsons had been vico nt of the bank for the past 18 John W. Powell, one of Seat- > tle's leading attornoys and a member ‘of tho firm of Peters & Powell, for ‘many years attorneys for the bank, Was elected a director of the bank, “Parsons has long been recognized as one of tho leading bankers of the Northwest, and as a careful student ‘of business conditions. For the past two years, during Mr. Latimer’s pro- tracted iiness, he has been perform: ing most of the duties of the presi- dency. Parsons was born in Oconomowoc, Wis, and was the son of BE, D, Par. Bons, the leading nwrchant of that city. He entered the mercantile busi- in Marshall, Wis, where he was some time president of the Mar. ) shall Electric Light Co. He first | came to Seattle in 1897, en route to 7 Alaska, where he was a merchant for ten years. Tn 1907 a number of Seattle men Organized the Washington - Alaska Bank of Fairbanks, and Parsons was > elected its president. He filled this position until 1909, when he was €alled to Seattle as vice president of the Washington Trust Co. When, in "1910, this institution was absorbed by the Dexter Horton bank, Parsons ~ became vice president of the latter. He is a member of the executive committee of the Clearing House as- Bociation of Seattle, the Chamber of Commerce, and of the Rainier, Seat- He Golf and Country, Arctic, Seattle " Yacht and other clubs. SHINGLE MEN TO He business wa ernor Preus of Minn Tho three New res manded revision tax levies, of first as tourists, Pacific Northwest, in the Masonic the rest of the world, turies, “The tourists been the adventurous industry,” he said. “In dozen times, five had ever been Tom Kean Will Gather in Seattle to Discuss Problems ertising c! operation bet communities west. “After attending v conventions, ‘Tentative plans were announced Tuesday for the seventh annual Red Cedar Shingle congress to be held in| Beattie, December 6 and 7 at the » Gowman Hotel. The congress is a \ general meeting of the shingle manu- facturers of Oregon, Washington and British Columbia, and is held under the auspices of the Shingle Branch Of the West Coast Lumbermen’s as @ociation, of which R. 8. Whiting is Secretary and manager. ‘Thursday morning, December 6, | the congress will open with the an-/| he sald, Northwest.” WEDNESDAY | Miual conference of saw filers and mill NOY. 28 | Superintendents. With Tom Shields Pos Sag lew zm. Gf the. Seattle branch of the Si-|| ‘Pine nigh. Tian’ Monds Saw Co. chairman, the |] s:43 am. 120 tt.|9 meeting will discuss general prob-|| Second Low Tide 2:33 p. m., 71 tt] 3 Tems of mill work. Coincident with this conference, there will be the| final meet of the board of trustees #0 outline work for the ensuing year. ‘Thursday afternoon the regular! ‘ m., 0.1 ‘ | Sessions of the congress will com-|_ jAnooen Min AND. Menee under the chairmanship of) fog in the W. C. McMaster of the John Mc-} an hot Master Shingle Co. Round table dis- ¢ussions will be held in various prob- | Jems of the shingle industry. Thurs- | @ay will conclude with a smoker in * the evening for the men, and a din-| er and theater party for the wives Of the delegates General sessions will continue Fri day, with A. J. Wartes, of the Excel | Shingle Co., chairman of the morn-| ing session, and A. J, Morley, of the | ¥ Saginaw Timber Co., chairman in the fternoon. In addition to the round| { table conferences, 2 number of | st speakers from other parts of the con-| 4 finent will be on the program. i= we ‘The congress will be concluded | ports, a ‘with a dinner dance at the Gowman | ander f Hotel Friday evening. | Arrived. Paige-Detroit Co. Increases Capital DETROIT, Mich. Nov. 28.—In- Grease of the capitalization of the Paige-Detroit Motor Car Co. from $4,- 000,000 to $8,000,000 was authorized Smith Hokkal Ma Great North’ Maru. Cove Tei inal lc Ter miral Pier 118. wood nit turned more than ever rea a citizen merely of a to be a citizen of the entire F CLASS COAL AS PUBLIC UTILITY HARRISBURG, Pa, Nov, 28) special session of tho Pennsylvania coal and declare anthracite mining a pub: demanded by Gov- ernor Silzer of New Jersey and Gov worn, heland states rep: ented at the conference also des riminatory the north Francisco on the Pacific coast! “The traveling and investing men of the East are provincial. travel in beaten channels, and their “] Delegates sought to impross upon Governor Pinchot tho belief that ex: ists in other states, that Pennsyl Vania holds tho key to the situation, RILEY URGES ADVERTISING Tourist Is Forerunner of In- dustry, Says Lecturer Tho settler and tho investor come Frank Branch Ri ley, noted national lecturer on the | declared address at the meeting of the Seat-| tle Advertising club, Tuesday noon, | clubrooms. spoke principally on the need to ad- vertise Oregon and Washington to In an Riley | Riley compared the modern tour: ist to the explorers of the early have alwa outriders en. ow York I attended a din- ner of the Circumnavigators’ Every member of the club had been around the world at least once, and many had circled the globe a half. But at that meeting, out of 500 who were present, only of San They former president of the Pacific Coast Association of Ad- spoke for greater m the cities and/ of the Pacific North: rious Ad club have re ed not but cific Ship News) Tides in Seattle THURSDAY NOV. 29 p Second High Tide | Second High 5 First Low Tide 2:07 asm. Pirst oe tt Second Low Tide 6a tt Tide Weather Bureau Report | 8 a.m. Arrivals and Departures Rose Mahoney, Pier © Kiso Mar: U.8.6.G at a stockholders’ meeting here to-| Pier day, % ’ Pier D. date | Union 4 : | U. & Shipping Board Moortngs— Financial Flashes || : From James Macfarlane & Co, . 811 Second Ave. J. J. Mitchell, president Illinois Merchants Trust Co., believes the peak in oil production has been wed, and he would not be sur. piPrised to see a general advance in| ices within a fortnigh Prices within a fortnigt ly aaa ek a at 1 It is understood t ear Stock Exchange recels a Dry I aC Prop Bound Bridge & e of common Str Patterson. ; 5 at OF rom pe ee Site 1 oe “i F3 Ive 1¢ It is understood that producers in the Gulf Coast district are be offered a premium of 25 cents per bbl. above posted price for Gulf Coast crude by two large foreign bi r Sentiment in red metal m Improving 7 er metal f Vessels in Port at Seattle A tax club, Tide | WASHINGTC nadian Anderson, ney of America for tariff on wheat, fean wh clared, The a Cabbage Carrot» Per ™% Lo Eee Piao er Ih. Lettuce—Cal | Cocoanuts Cranberries Eastern, » |Grape Frait—Ca’ || Florida Grapes || Honey | Hackleberties Lemans—Fan Oranges— Por box Japanese, bundie . Pears—Per box Mii VEGETABLES Prices Vaid Wholesale Dealers (The prices given jeeasonal exceptions, can be figured by deducting the coat of | Amer Brussels Sprouls— per crate wheat farmers have tinct advantage over the American whoat producers, representative Sid: | wot, tariff commission today at hearings ‘on the request of the Wheat Council an inc ot te © wt. Onlons—Cal., per ¢ idea of the West ends with the Ohio| "Yertma river. Their eyes are turned largely | Local, «reen, pe 2 to Europe and the trade with Euro. | Parler—Loo., dos 3 We must turn them |fervele cer teil} ae pean coun ‘e mus hem | Peppers —Cal. bell }in this direction.” Potators— 08. ing. Banches 23% a CANADA WHEAT HAS ADVANTAGE American Grower Is at Dis- | advantage, Says Anderson 28,—The Ca a die told wo in the “In taxation, rent, transportation, | labor and practically every other fac: tor entering into th of hard spring wheat, the Candalan | Ady, Rumley producers have the better of Amer grow cont Canada ty $0.50 per bushel less than in the United States, h Anderson devoted his mony to hard spring wheat, which | he said was the only type that was |forced to meet foreign competition, production cost | Adams lxp Anderson de- production in naid. ntire tent! With a fe prod transportation to Beatle and ai 1 mately 16% for hauling, storage an selling 608%.) Artichokes—Per dow + 10@ 1.15 Beets—New, dos, bunches , 26 Local, new, per sask 2501.00 14@ 16 Pineapples—Per crate ¥ NUTS Prices Paid Wholesale Dealers Back Lots Almonds —1. x. Peanut : Butterfat— Exes Mixe dy; light M . six milee| . ¢ +P re Pert. . Mixed Nuts—Per t Walnuts r Dial and yh 2, budded ¥ budded. per YAIRY PRODUCTS Prices to Ketail Dealers AND DAIRY PRODUCTS Tices Paid to Shippers MEATS Prices Paid Shippers 41—Ste Toyama . is KY Unalge Str Ad- | Brotlers. % Capons fat S. Delt Fancy Alanka Dredging Co.— are looked 8 18 influencing some of the buying in copper shares. ce —— [ TRADE TERMS SURPLUS one item entitied ‘ to common stock Too much stress should not be laid | ‘surplus applicable | Surplus is an item on the labilities side of the “balance ” repre Ps senting the difference between th —— _—— total assets, on one h d the if ZA * total liabilities and ou: ol the stock | ried, on the other. The | Ask yourself that suse. ‘ recent tendency, particularly when|@|| tion and then consider ihe common stock has no par value, | 1 that our modern electric “eommon stock” and “surplus,” but | |) Safe Deposit Equipment | small coi on a large surplus iter unless it rep- | |L only paid sl and undistributed | lam gms é@arnings, but also od will,” or in ¢lude an arbitrary bookkeeping | 2 BA figure. = NATIO NK ‘SECOND AT COLUMBIA: in protection at a very | offers you the last word / { NAL L, | rl te Med Geese—1 Belgian Hares —¢ Turkes Roosters—Oid Hogs— POULTRY Prices Ducks Hens—1 Broilers Turkeys—¥ Belgian Hares Livi Quotat Cattle Alfalfa Hay Straw Corn Batley All-Grain Chop Chick Feed Chick B. MY ing Feed Vee Mash— 100 Seratch Feed M J Meal Linseed Oll Ment Soya Bean Meal Fancy 4. p. FLOUR AND 4% the A ‘ per AND MEATS aid Wholesale Denlers dog STOCK Stockyards HAY, GRAIN AND FEED SUGAK o made to re-| |New York Stock Market JOURNAL, MINANCIAL TROVIEW riding in the early dealings on the stock ox 6 characterisation an marked Tuenday's irrek WALL STR NEW YORK, Noy, 28 change virtually the aa | lar transactions Irregularity continued tn stocks like Davison Ch Maxwell foal and ieetios, Whowe erratic fluctuations had so disturbed the previous day a On th ther hand marked strength was displayed by Ste common, | octane cute Hang MaTKed siraneth wee GiDIOT tata econers| Altead, He Claims 25 conts, This price Was the equivalent of the best figure the stock had _ Attained on the current upswing i With tho exception of a fow bad| Opening prices ited Stat extra dividend, 056%, ws; Btude- ss baker, TR up 45 Nissan off i Davison Chemleal, 68 off 3;| spots in tho field of industry, bus New York Central, 104, -Arioric Hi, 68M, off M4; Max A, | ness thruout the country ts good and + OD ey Am ote wldwin, 128%, off M4; Cuda Cane. pid | getting better, in the opinion of Wil Dt K Truc 4; General Motors, D Mi si : heed ee eee chats Leet tirat pide Beth, ap Ai Cant| Ham D. Albright, district manager of n, THM, off Me ; GRAIN MARKET New York Stock Market ‘Tuesday's Q Furnished by Loy | #10 Second Ay #0 far an ean be foreseen, the pre Spor ede hs ; | CLOSES HIGHER vailing low prices of tires will con yt % 20%! lair wide tant aeH | neral business in good,” Al Ajax oubber scsscc Tm TMM «| bright declared Tuesday, ‘Tho mer Allied Chemical +h ON | i chants in general are still buying Chemienls 9 Late | Factor in Increases tail sales have been reaching and . eowee ee | maintaining new high levels. The eee RT ea eanonres feeling seems to bo prevalent that| amen oan sticeese ee Ut | 4 CHICAGO, Nov, 27-—Influenced bY! conditionn mre good, that next year | Amor. Chtele | of good strength $9) wi be much better, and that some Gatton oll orn, all grains closed higher on t ue Ps i tM LR | Chicago Uoard of Trade today. Buy-|yéarq tho United states will seo the lee se sgn | 1D Dy Ahorts, encouraged to enter! rreatent period of prosperity it has Int. a B: 2 aay bie liggubeyy by atre pow Ne Corn, | witnenned. Shane Gd Ww RIOR A WIL Papn eeece : Geena ts Phere have been, of course, a few : Lace, Sram Tay TEN | Winter receipts, wero the only fea-ling spots, and thé tire business has| metals 44 404 44'4) Cites fo which the alight upturn 19 1heen one of them. Even here, how Amen: gatey Raser: 18 | wheat prices could be attributed to-| wor, wa’ fool that the worst In be- Aner, Ship & Com “ strength, which was the tn-| hind and better times are ahead. Amer, Hinelters com... 58% | ty F factor in other grain wp-|Lossée caused by the difference be ‘note ry Induced hy further enhancement in| tween 60. cent rubber that many % the sash earineia Goantry ¢ xa| firms had contracted for, and the 15 j ‘BUSINESS 6000 SAYS ALBRIGHT the B, 1", Goodrich Rubber Co,, who has just returned to Seattle after an extensive trip thru the Want also brings a message of Joy to the automobile owner in the belief that, */time in the course of the next few Amer. Mteel Pndy % aro drying up rapidly with cent price that hit the market, have Tel & Tel . showing @ disposition to already been written of nd the Amer, Tobacco Com |supplien for feeding purposes rather| “ready been written off, and th | do ptd . than market them at present low|Companies have become adjusted to | do “aK | levela |the low competitive prices. Am, Writ. Pa. ‘ptd,, Oats displayed ‘able! “Tt is wignificant that this has been | Amer, Woolen. atrongth at the clom wrenter | i | do pea. part of which was due to its rela-|@ccomplished by greater economies Anecond tively low value jin marketing and by greater effi Ane Provisions firmed up late with lo-leiency in manufacture. The result | cal buying influenced by strength In grains, « ‘s) Chicago Board of Trade ‘Tuesday's @ Refining ison o pid . Nichola 24 Close |amatler federal reserve note circula Auto Acnitting « i. |nults being obtained by the advertin-| tion of the total decline of $40,000. aliwin Lace, 8% ling that ts be done by oe Cha * 5 ) Baldwie Sei [ing that te being done by the Cham-| 099," New York reports $10,600,000, hag? ye ber of Commerce and the railroads. | (meveland, $9,400,000, and Philadel. Barnedall "It Im bearing a great deal of! oii $6,500,000 Barn ie deck; d. “The Bast tn be e a ie Hed be he declared. "The East tv be-|” Gold reserves increased by $1,400,- « an earn ADOUL Us, ne of! 600 during the week. The movement ax 4 |Our executives, after reading @ story | O¢ vata thru th fund | 14% 424 Jabout Seattle, maid that he wanted) a5 iargoly to that bank s © pack up and move right out here.” | nore an increase of $50,800,000 ‘ Cash Wheat Denver Live Stock ner years, it was Tursday's Quotations | yore, tad Fe eete, staady to| estimated here today 2% a. Wieet ster, 6G8: cown & Dropping from a usual shipment of . tah fers. $42606; calves, $08: at wm 40 to 50 carloads of dressed hicago & Alton ‘ +] era and feeders, 0; bu | ago & ¥. lite : tel Se a year, only 16 cars have Chicago & GO. Wises 4% 4% 48 | tome —necetp from Cuero #0 far thin sea 0 pfd .... 10% 10% 19%) Top. 96.88; hants here su Chicago 4 'N. W eo 6 at H ec ieee raisers, dincournged over Manu rent season wl 100,000 bales le San Francisco Produce ‘Tuesday's Quotations oe Kext Foreign Exchange Tursday's Quotations > pid ee 16% Goldwyn Pictures... 9% * Goodyear Tire pfd... 41% 41% ant qncases. 48 ‘ 2 z o- Foreign Money Status ‘Tuesday's Quotations mou Furnished by Logan. & Bryan | 5 ub | B10 Second Ave, Reattle 33" | Normal Value F ; 4 |PAASG. +. iter r 80 *.. Danish krone t 1 Tre . ‘ aon | 20.20 ct Austrian ¢ wn ,0014%% ot 1 . . . a4 ts. .Holland florin ...38.26 et Ms ee «f panish poscta, i ; ‘ Liberty Bonds \ ao ‘ Tuesday's Quotations . ™ ‘04 +4 ih 45% 49% ramer ts an & iryan ei inet Soa 1 Aves, Senttle Me ard Ol sss 16 16 18% Bld, Anke ‘* . . 8 9 atl, Know ‘ ‘ 4 ‘ a 1 1 4 4 1 1 i 1 fox ‘4% ‘ aophatibe : i ie au BANK CLEARINGS acl , “4 0 Seattle Paciti ‘ 41% ‘ Cle: nes : H ‘ ‘ Balances 1,183,272.85 1 ‘ Portland 1 1 ; Phillipa 1 Pa #1 | Bata : 010.54 ‘ Tacoma \, ; i cheapest price in history, they jas a ¢ os, giving three times t mileage they did four years ago.” | Albright spoke highly of the re ITeeloey Crop Drops, | Texas Growers Say CUERO, Texas, Nov. 28 key from Cuero—largest tur ng center in the United about one-t rice of 12 cents a pound be . have started a move in an attempt to fc } Studebaker Firm Considers Merger NEW YORK, No 28.—Directora of the Studebaker company met to. lay to consider a proposition to take er Maxwell Motors, according to the Dx Jones News agency, The news agency sald a tentative for the proposed combine is $102 In cash and one share of danis that Extras, ble. dot Studebaker common will be offered Chaene cokinehix Hite tamer for each three shargs of Maxwell O.S-10 A." For each 12 shares of Maxwell will be offered $12 cash and N. ¥. Sugar and Coffee "2 wil be tera 12 cash an pape Tmt aye ed, firm-/rne total consideration, cash and No. Ly Lo this ba would amount | Ba ix a3 Eebstctoditeion: 3 Policy ii the securities nent. If you are ance policy yo Biggest Era of Prosperity Is/ in that while tires are now at their | You can become an active as well . GOES UP AGAIN All Banks Report Smaller | Note Circulation Further declines of $44,900,009 in [holdings of discounted bills and of $40,000,000 in federal reverve | clreulation, together with a reduction | of $17,000,000 jn government security | holdings and an increase of $16,100 000 In acceptances purchased in open | market, are shown in the federal re | board's weekly consolidated | statement of condition of the federal lrenerve banks at th of bust | neas November 21, 19 Deponit lia | bilities show a decline of $41,006,000 las against an increase of $73,000,000 |reported for the preceding weeb cash reserves increased by $3,500,000, nerve clone and reserve ratio rove from 75.8 to 17.1 per cent A decline of $36,600,000 in holdings | of discounted bills is « nm for the federal reserve bank of New York ‘The reserve banks of Cleveland and Philadelphia show reductions of $10, 000,000 and $5,500,000, respectively, while the banks of Richmond, st Louis, Dallas and San Francisco re port a net liquidation of $11,000,000 Jin discounted bill The Chicago reserve bank shows | an Increane of $10,200,000 in discount holdings, as against a reduction of 00,000 for the week preceding. reports an 0, and neas City | $3,100,000 | Paper secured by U. 8. government obligations declined b; jund on November nggreKated 1,600,000, Of this amount, $209, wan secured by Liberty and other U. 8 $117,200,000 by notes, $15,400,000 by os of indebtednens. federal reserve banks show on, Minneapolis and 4 combined increase of ds, treasury | certifi sd gereguting $3,800,000 are reserves, Small incres Richmond. The Kansas Ci Federal Reserve bank of Chicage porta the largest decrease, $15,500, 000; Boston shows a reduction of $10,- 00,000, and A a and Minneapolis resp 4 of $8,800,000 und $4,5 | Public Markets SANITARY 24-36 ened chocolate, pie.; Hills’ beat butter, tic, 4 tbe butter, Te, exes, large, t4c; fresh pullets, cheere, Z1c; harp cheese, brick cheese, CORNER Stall 2, veat roust, 10c: beet roast lee veal chops, 2 tha, nteak, 2 nixed nuts, margarine WhDNiolbos, WOVLMLUS 25, 10; increase of $4,-| $21,900,000, | wre RESERVE RATIO. ‘The Seattle Starcy Published Daily at 1207 fevent Beattle, Washington) AY STAR WANT AD. RATES Count 6 words to one line; cont, 17 conta per Wine 4 fame ad to run more times rato cont per line, 16 cents, } GXAMPLE 4-lino ad, 1 time, at 17 conte per line, b1 cents S-line ad, to run B times, at 15 cents per line, $1.4 tract Kates by Request | MA in-0600 — Want Ad Dept, | — BUSINESS SERVICES \m | Attorneys-at-Law ADVICH tree. Joneph Allen, Allecascs. 505 Leary Bldg. ¥ P, BALL-WM, BALL Bld. 905 2nd. All cases. Veen mod. Carpet Weaving and Cleanin, Slandard Carpet Cleaning Co, facturers of velvety fluff rugs | from old carpets and rags, any color. Dyeing a spesalty, ‘Mate tresses remade and renovat | _BU nnet-4765, ’ ee] Electric Machinery | BOUGHT—SOLD—F |W. MONTELIUS PRI | Mor | PUGET SOUND Marble and Granite Co, lst and Virginia. Eatablished 1874 manu- | | Optician and Optometrist | DR. EDMUNDS, Fraser-Paterson Co, } Piano Tuners tory plano t Tuning p Phone M JOUN BTROM, MA in-3020, Tuning $F Patent Attorneys Patent Attorney secured, developed and 7 Central Bi Be | MA in-0390. 600 I wt. N. W., Wasb- | ington, D. C. cS | PATENTS secured, noid and financed, Qu sults, J. D, Givnan, 602 __ Central Bidg. i MASON, nwick, Lawrence, estab- shed 1861. Advice and ‘booklet free. HATO | _ $76, all cost 432 Burke Bidg. BOWEN, Pat Terms. F ntages Bid. Physicians, Surgeons DR. A} Suite 400 Pantages Bidg. Women's ailments, disorders, 1 FUNERAL NOTICES At | CALAMIE | Carlet 6108 MRS. , aged ( Henry and Miss Henrietta E. of Seatt rvic the residence, Nov. 27, 1 MADEL) H. CALAM 84 years, beloved mother o P. Calame Calame Funeral Sairday at rs of the ¢ Co. Crema Washe DISPLAY CLAS lp this ad and receive 10% nm your next pair. of Shoes. Ladies’ and Gen’ Sho val from $ some at $8, § | Sirkel’s Shoe Store | 24 4th Ave. 1525 Westlake Ave, | at 5-1. pail 4 boxes © oll; Stan 1 bottle catsup, 200; ck flour, 2 small cans herring, . 200; best | y best dry onions, large pkg. Quaker oats, cat raising, 2 Ts. 25e; all $1.85 to $1.80; all kinds coffee, rCcONOMY 8% ar, T8te "2 chocolate, 3 yal bal Sc; pop 1c; walnuts, 2 tha. 65 10¢ pkee. table fig so figs, 10c; 6 Toe. finest rolled large pke®. new currants, fed peel, 29c Ib.; 350 new crop new golden dates, cans corn 0 che reblight matches, The insurance companies are very heavy investors in i } since the stability of our business attracts this conservative f of these public utilities, Since the premiums paid by you and the other policy holders are in the nature of a trust fund, they are invested by these insurance companies only after the closest inves- tigation and scrutiny. the holder of a fire, ju are vitally interested in the public utility operating in your district. sa Silent Partner? Every holder of a fire, accident or life insurance > a silent partner in the public utilities, such as light and power companies. accident or life insur- orm of invest- success of the silent partner #8 will be canducte m. from the pi own I GOHROGGROO picicsstcicuteteasteresstetosstetehetesenek He by investing your savings in the securities of this company. Our preferred stock is selling on a basis which yields 74%4%. It is a good conservative investment. Ask any of our employes, local offices or 407 Electric, Building Seamny, yout ic Building, Seattle, Wash. Puget Sound Power 6 Light Company 2 PROGR GOR ORO CREO: GaP aN COI Y ee q b eal