The Seattle Star Newspaper, December 7, 1923, Page 23

Ri THR SHATTLE STA “THE STAR’S PAGE OF NEWS FOR BUSINESS MEN ®UMBER OUTPUT TAKES BIG DROP Thanksgiving Puts Lull on Late High Speed Records The Thanksgiving season was felt iu the Pacific Coast lumber trade, Production, which has been run: ning at from 23 to 27 per cent aboye normal, dropped to 17 per cent above for the week ended De cember 1, The season was also reflected tn new business, which was 2 per cent below production, Shipments were 2 per cent above new business. One hundred and thirty-two mills reporting to Weit Coast Lumber men's association for the week end. ing December 1st, manufactured 104,109,578 feet of lumber; sold 102,- 424,207 feat, and shipped 104,570,- 121 feet, ‘\ Fifty-seven percent of all new siness taken during the week was &: future water delivery. This Mounted to 58,548,506 feet, of which 32,917,861 feet was for dons. tie cargo delivery and 630,645 feet export, New business by rail amounted to 1,286 care. Fifty-eight per cent of the week's Yumber shipments moved by water, This amounted to 60,850,420 fect, of which 35,249,212 févt moved coast wise and Intercoastal, and 25,601,208 feet overseas. Rail shipments totaly ed 1,281 cars. . Local auto and team deliveries totaled 5,295,701 feet. Unfilled domestic cargo ordors totaled 105,045,477 feet. Unfilled ex- port orders 245,030,002 feet. Un- fed rail trade orders 3,537 cars. In the first 48 weeks of the year, production reported to West Coast TLumbermen’s association has been 4,393,025,562 feet; now business 4,- ,201,710 feet, and shipments 5,- 038,027,316 see 1923 LUMBER RECORD GOOD) A summary of the weekly reports of the West Coast Lumbermen's 25: | sociation for the first 48 weeks of this year shows the greatest volume of output, shipments and orders that the industry has seen for many years. The reporting mills have pro- duced 4,893,025,562 feet of lumber,} ave shipped 5,028,027,816 feet and fave taken orders for 4,891,301,710.| Compared with the same period in| the three previous years the record] ts as follows: 1. Production, thus far this year, has been 19.49 per cent greater than | in the same period for 1922; 91.35| per cent greater than in 1921, and] 34.54 per cent greater than in the| first 43 weeks of 1920. 2, Shipments, thus far this year, heve been 33.89 per cent greater than‘ in 1922; 92.29 per cent greater| than in 1921, and 58.14 per cent greater than the first 43 weeks of 1920. 3. New business, thus far this year, has been 26.81 per cent greater | han the same period tn 1922; $3.73 per cent greater than in 1921, and 74 per cent greater than the first 48 | weeks of 1920. BUYS CARS FOR, BIG FRUIT CROP) \Mne# at Lake Youngs. The Union Pacific system and the | outhern Pacific lines, thru their tbsidiary company, the Pacific "rult express, will spend about $15, 000,000 for new refrigerator cars and | equipment in the next eight or nine| months, according to a statement! made Thursday by E. E. Calvin, of Omaha, vice president of the Union Pacific. is In charge of operation of and is visiting Seattle} inspection. The order a tew weeks ago, he said, 1 about 5,000 refrigerator | in preparation for >” next year | a tour of Give Report on Bad Order Freight Cars NEW YORK, Dec. 7—A report by the American Rallway, association announced yesterday shows that on 15 there were 149,192 in bad order, or 6.8 per) number owned. | Financial Flashes || From James Macfarlane #& Co, 811 Second Are. Forty bond crease of rial stocks ay: erage 82.81, an increase of .13; 20 rail| stocks average 81.40, an increase of £2. Kresge November sales, $7, 050,000, versus $6,313, is average 86,67, an In- n common was the al sales of more than 69,000 es, with an advance of 1% points, Another big decline In of) pro- duction is shown for the week | ended Dec. 1. California's three fields, which broke the market t year, are still slipping. Over t week they lost about 20,000 barrels on daily averages. | tric 6 Battery declared 1 of $1 on common t quarterly d 1 of $1 on record | Stora common, Jan De Postal Telegraph put in opera. | tion the largest and fastest cable hetween Paris and New York. considering | Installation BIGGEST CABLE IS COMPLETED The largest and fastest trans Ooeanio cable ever manufactured hav duit been put into service between Now York and Paria by tho Postal Telegraph Commercial Cable system, It tw being operated between the system's New York office and tty Paris office. According to Clarence Hi, Mackay, president of the em, this Avil supply virtually inatantane Om communication between the two continents, The laying of the new cable, which {9 4,800 miles long, was begun last August, when the Amortean end waa lald at Far Rockaway, N, Y.. and the operation was completed Ke after surmounting very conald: erable difficulties, ‘The cable was put down tn four nections, between New York and Canso, Nova Scotia, from Canso to the Azores, thenoe to Waterville, Ireland, and finally be. tween Waterville and Havre, France, ‘The cadle head at Havre will be connected with the Paris office by land wire which work directly {nto the cable, thus giving an uninter. rupted clreult between the American metropolls and the French capttal, w wi th Northern Pacific Official Is Dead L. K, Owen, superintendent of the Northern Pacific dining car servic, died last night tn St. Paul, ace ‘cording | to adtices recetved in Seattle. Owen became head of the dining car serv. foe tn 1921, after having served in that cnpacity with the Seattle, Spo- kane & Portland rafiroad, and has many friends in Seattle, NEW CALLS | er | mn | ae FOR BIDS} Fm Parsnips—Per eack The following new calls for bidal om construction work, compiled by} C. B. White, Beattle manager of! the National Surety Co. were an-/ nounced, today: Purchasing agent, road commisaion, a m, December 17, fabrication of,| and furnishing one 200-foot three| steel riveted truss epan. \a County cammissioners, Portland, re.. will aak for bids for the con- struction of the Burnside, Ross Ismnd and Sellwood bridges during 6 the month of January next. | Hans Smith, city clerk, Wenat- hee, bids December 10, ornamental | jan postlights, Cc. B, Bagley, board of public! # works, bids 10 a m. December 14, Pt construction Intake and outlet, con- uit controlling works and pipe Alaska Rali-| City of Tacoma is plans for the development of Lake Pineapple—Per on Cushman power project for which bonds have already been voted. Pacific Steamship Co. ts prepar- ing plans for Unit No. 1, of its proposed ocean terminal In Seattle. The commissioner, Portland, Ore., bids 10:30. m. December 11, bulkhead construction Powell valley road. | City council, Spokane, Wash, bids December 13, sewer construction Lincoln and Indiana streeta, City manager Astoria, Ore., bids 10 a. m, December 15, sidewalk! construction. | County commissioners, Pierce! county, Tacoma, Wash. bids 11 a m., December 19, construction sea| wall, road number 26. W. W. Lucius, architect, building, Portland, Ore. has plans ready for three school projects at) Kelso. | P. W. Schubert, Railway Ex change building, Seattle, working on plans for dairy building, wise | com County Dairymen's associat! of machinery, § County Datrymen's sssoctation. Board of trustees, Citizens’ Hotel) corporation, J. T..8. Lyle, Tacoma, bids 10 a. m., December 11, con truction new Tacoma } hotel. ‘Ship News cp in Seattle THURSDAY | | DEC. 6 Feet we as ‘ wi fe ] Geese | Hetgtan 1 Tarkey® | Ressters—O14, Fiest Migh Tide | | 246 a m, 11.4 &) First Lew Tide First lew "Hae 9:08 a. m, 64 0.) 9:67 a. m., 6.2 ft. Second High Tide second High Tide } 2:92 p. m., 12.6 ft. [3:14 p. m., 12.6 tt Second Low Tide | Hecond Low Tide HOES Be tt eds gees 2.6 tt. Weather Bureau Report | TATOOSH ISLAND, Dee. Sas ef wind north Arrivals and Departures | Arrived—Dec. 7—Str Albert Jeffi from Bait re via ports, at 1:5 Dee b—btr Kiso Maru from Ta the first time In almost a gen- | * leader | P Ban Diego ¥ hilo via porte, at Vessels in Port at Seattle | be kus Mere. Str Chas Bmith Cove T lord. Plor 40 Northern ‘Ter: amp Pier 118 004. Pier 7. Great i Str Owego, U. 8. C. 8. Dell-| 1, & #. Boxer. Plor Paci D All Chick Feed Moorings—Str Anns Himrod. Terminal Discoverer, atr Ch Gr a. 8. cyanea, Yon Terminal—Str Direct Marine Rallway ¥ Charles F, Cr City and Grittson, P URGES WHEAT Wallace Plans to Dump Sur- exporting corporation to ald ith dle powal abroad of surplus Amertean Bocretary of Agriculture Wallace, in idge, on the wheat situation, tion be employed to dump American surplus wheat on foreign markets at #4 over the entiro crop." can be Mgured by Artichokes—Por dor Boots Cabbage—Per I... 26.0.5 Oarrots—Local, per doz. . Spauttiower— rer rei. | Potaioes— Radi | Sweet Potatoes — Per | Zematece- Lee Seattle, bids 11| Teeloe—er faci Lapeee—Feney Chotee | Oran Almonds. Fenaute-—Va., pert Pecans nd Mixed Nute—Per Tb. Egge— Free} Lewis | matter—t Brotlers. Capons—L Ducks—Drow Broilers Geese ‘Turkeys. Corn Ken Mash—1 I CORPORATION ounal elatir to ah profi plus and Apportion Loss » WAsHINaron oft oA wheat heat was recommended today by | Potro Special report to President Cool- Wallace urged that this corpora hatever price could be obtained, no loss #o incurred to “be distribut. |" Amer, Anver, Amer, | Amer Amor, Amer Amer. Amer Amer VEGETABLES Prices Paid Wholesale Dealers (The prices given are those made to re tall dealers by wholesalers, AROnAl except! mpd Amer. do Amer Amer, ansportation ni to for Heattle ly haulli Hing cont.) 16% Amer Aved. Awad. Au. Alt. € AU. F dom. bunch per tack . Sprouts—Per tb. a ThOLbo 0, is Local, n is w. per eack . Auto Local, xteen, per dos. Lon, dow. Ire. inches re—Cal, bell, per Tse Local whites, ewt, Netted Gema, ton | Mutte Whee Loe: FRUITS Prices Paid Wholetale Dealers Chica Delicious . King Napanas—Por 1d. “ocoanule— Pi i WALL NEW YORK, Do: Marlena, Bouthien Pacific, 49 Btook— Advance Rui do pfa ., do pfd Amer. Amer, Amer, do pfa Caddo Con, Chgo., Opportunity on of Preaid led.As & mast ow a atrong under t takin, atric t " JOURNA olidge'n mesiage, ° o early dealing jorbed by some of the le New York Stock Market FINANCIAL NEVIEW a given overnight for a wider @is~ which was everywhere pro- LiVo statesmanship, Btocks continued today, altho conniderable in Pan-American tanues, reflooting the revo- ary dinturbances K prices includ Davivon Chemical, Yh, up Mi Chandler, Tnion Pacift n Mexico, a ft oleum 1, On, ol New York Stock Market ny mea '. Quotations nished by Logan & Drvam 0 Heeo nd ‘Aven ttle igh ‘law ley... Di Me 334 ms 36% 40 Agr. Chemie eet Sugar Towch Magveto Car & Wray Chicle .. y Vide & Lthr.. do pta Linseed Lace. Ttadiator afety Hasor.. Bhip & Com., Hnuft 42 Humatra .+ Seger ped .. . Steel Fady... 40% Tobacco com, 147 ‘ 1 Woolen Dry Goods ti ‘ MT 6 1 Line iult & W Refining «+ <+++ Atehison ; do pfa Knitting 1084 rs & Superior ou | Central Leather . to ptd Chand! Motors . & Alton o 4G Ww no & N. W. Rt. & Pac Products le Bteel ban Amer, Bugar joney trained, per Tb. ..-., eek Pee i Da : East Brie do ao NUTS Prices Pald Wholesale Dealers Back Lote I. X. La, par TO. voce bey ay ae China, per 1, Per alnute. ¥o, 1, per T.. nd, per i. ed, per 1b. . per M DAIRY PRODUCTS. Prices to Meatl! Dealers Battertat— A arada, Seatile delivery . oh, white shell, Mixed colors Pullete tk—Cwt., £0. Ba ¥. 0. B. condensary DAIRY PRODUCTS Prices to Reatll Dealers creamery, cubes. wrapped ch, white shell. tuher Ipter, do pf vison Dupont de N. oN Tht ut u 109 an Kodak 107% lo Bor. Battery GA 2% Jet ped tnd pta Fisk Tire ml Klectrio’. do Spec. Rap. Trans Nickel Produeta 1 Tea do pte Prices Paid alppere: Per Ib. % fancy fran Mediunt, live, asd up. 2% to 4% Ibe. Live, fat, 9 to 12 fe... 4 The. and up.. , D. young. . Fancy live, per tp. Mack Maria’ Choles Prices Paid Wholesale Dealers a, per 1, 240 | heavy 31 ‘ at MO Wx ed, %» . Droased, per 1. Dri per tb 220 uo oT) ‘Abe | 4 é 4e | STOCK Quotations at Stockyards Medium to good Cholce cows and heifers Roush Pine heavy Bheep— Prime jambs Common to choice Yoarlings Wethers .. Ewes ....- FLOUR AND Local blends 9.50911.50 T5600 9.60 240@ 26 600g 7.25 4500 6.00 8 Beet, per owt HAY, GRAIN “AND FEED finy—First xtade 4 Cattle Whole, ¥ Sheep L-Grain Chop. hick B. M, Mash owing Feed--10 Views tow beef ateors Bros, Tea ‘Trock See na Ot at 109 Springs ary Stock Qnotations 4; market Denver Live Thareday Roce rtendy 1.4006.8 Southern Railway, 98%, off 71, UD th: Now fs: 191, “i American Locomotive, 1% tip tar Btudeds Mi General Motora, 14, up Yi Wrie, 92, off + Woolen, 74%, 104%, up Mi yimerloan Can, 10d: Bin: mp Ma; & O, 60 up “} Mack Yup ny Ponnasylvania, 43, maker, 104%, off 4: Pan-Ameriean ‘ork Central, up % GRAIN MARKET 1S IRREGULAR CHICAGO, Dee. 6-—Grlin. prices closed irregular on the Chicago board of trade today. Wheat and oata were lower, Corn unchanged 4o fractionally higher, Wheat un- derwont series of rallies during the last hour of trading, Fatlure of President Coolidge to recommend means for immediate dimpoaal of surplus stocks caused a sharp set- back, but advices from Buenos Aires at the close caused a quick recup- eration from the low point of the day, Corn rallied with wheat after Brot takers had Jett the market | Working corn for export from Minneapolia and Chicago via Baltt~ more, and the purchase of large par- of corn in Minneapolis by Mlinols, Interoats were the hening factor: Oates rallied with other grains and me of its lost ground, Provisions bigs serene ° ‘Thursday's Quotations heat— Open High Low — Clone A108 O00" F.0d $1 uy +110% LMM 110% + 108% 1.00% Hts 44 i TOM 4a% 46% Me 12.07 May July. 4h Ae wh 12.12 +11,87 aT soe OTE 8.90 eee Cash Wheat CHICAGO, Dec, 6—Caan wheal Foreign Exchange NEW YORIC, Dee. ¢—Poreien Dads bpaate deeats,¢ eating: $4.29; franca, $0.0642%; lire, $0 Beigiann, $0.6669; marks, four trill thes do The. foralen lower. Bterling dema: perey x 4 to change market closed $428%, off Mi ott 46.0003 spot, 11N4@11Ke Ib; No. 4 Banton, 14% G16 Me Ib see Boston Wool BOSTON, Dec. 4—Altho manufactur. orn contines to buy tn 8 way the wool mark Vavvary atenayr The. fore | toca tharket can be be: ght for Sfe, but few dealers willing to jo territory wool brings about 7 clean. SHORTAGE OF Japanese let 446 nen Ind (ia ed Kingdom, 1939 ted Kingdom, 1937 Italian bs. a | . San Francisco Produce ‘Thured: Quotations Watter—Fatran, Bio Ib; prime firsts, bie ee firsts, 484e 1b Eene—Extrae, bie dos extra pullete, Cheee—Californin fate tancy, 26% 1 oe John frame reaidence, «|i Ida Johnac Yoodiawn, N. $6th, frame m anoke, frame reat 7 CaMfornia ave. frame t ntendy to |? ‘ Portland Produce ‘Thursday's Quotations 42@490 1b. Buying pi pe 40@46e doz; 0 | Cheese Cle Bal: ) pounds tterfat onths with rea mmabie good care. arings 18 ances ‘646.84 750.00 219.00 Tacoma transactions 2,843,000.00 | Moffatt and Tom Theatre Equipm 4, $16,000, Reinat arnation Stock ing na Willian Increasing stock #10 Hazel-Roy Lumber ¢ $10,000. Frank Zaviexl and T. Home Co: 8. Bmit He Js kW Davis, ma Dent Tacoma, Apiculture — This wo: th is shop mor Prepare hives and supers xt honey crop, Many @ t by not having supers ready at tho right time, a] Building Permits } | Dr Sas al a ee L. Bird and Electrical Industry Has Big Future, Says Babson Business and Securities Both Fare Better Than General Trade EULESLEY HILLS, Mass, Dec, 7.—Roxwor v Babson has’ jist completed o survey of the electrical — indus- try, His findings, summed up in a statement issued today, indicate ntinued rapid growth for the Industry and are of unusual inter- est to investors owing the secur- ities of these electrical equipment corporations, the jong trend in the growth of the électrical equipment indus- try is strongly upward,” says Mr. Babson, “The industry has had a remarkable increase in every item of importance. All companies have, of course, not done equally well, many of the smaller concerns that rushed into the business withont experience or financial backing having failed. On the other hand, well managed businesses with com- petent organizations have thrived. “The basic trend of electrical de- velopment is more strongly upward than the basic trend in general business. It is so strong that de- pressions in general business such aa the depressions in 1907, 1914, and 1921 cause only temporary slackening {h electrical Hnes, “This strong growth is exempll- fled by the increasing ure of elec trical power. Electrical horsepower used in manufacturing Increased from 8,836,970 hoursepower in 1914 to 16,317,277 horsepower {in 1919, and is now estimated to approxi- mate 20,000,000 horsepower, or nearly 70 per cent of all the power used in manufacturing. This latter percentage compares with 65 per }cent In 1919 and slightly under 40 | per cent in 1914. “The total output of central sta- | Hons, which furnish approximately 70 per cent of all the electrical! power used in menufacturing, has shown a similar growth. The mar- | ket for electrical industrial equip. ment has kept pace with this de. ' velopment. PROSPE) RITY HAS NOT Bi AL ‘Notwithstanding the strong ment, apapratus and supplies as a whole, statistics show that the coat of raw materials used in thelr manu- facture average 45 per cent of the manufacturer's selling price, and di- rect labor a Uttle over 20 per cent. Inasmuch as this industry uses ap- proximately 175 different raw ma- terials, the trend of costs has a close relationship to the trend in raw com- modity prices, Costs have, therefore, averaged higher this year than they did in 1922, but copper and many other raw materials have been de- clining since last April, so that alert executives have had opportunities to buy at somewhat better levels than that represented by the average. — 19% SHOULD | BE GOOD YEAR “Reports from various quarters in- dicate that prices of electrical ap- paratus and supplels have, on the average, shown but little change dur- ing recent months, Inasmuch 4s costs have been higher this year than last year, prices might reason- ably have also averaged higher. Competitive conditions, however, plus quiet conditions in general bus!- neows—present activity as shown on Babson-chart iy 6 per cent below normal—have tended to counteract the effect of prices. This condition is expected to continue. “Considering the altuation as a whole, the industry should do a good business in 1924.. For the long pull, the outlook is stronger, Some day the railroads will electrify on a large scale. Tho super-power propositions now awaiting legislative sanction in various state will, when established, bring railroad electrification very near, its infancy—great development is probable in many different avenues of use,’” SECURITIES ARE HOLDING UP WELL Turning to electrical equipment se- curities, Mr. Babson continues: jectrical equipment stocks have held well against the declining stock market sincs last March, The two leading lsted issues in this group, Westinghouse and General | Electric, are off but 7 per cent from their year's high, as against a de- cline in all industrials of slightly over 13 per cent. This ts quite in keeping with the continued activity in building, the growth of radio and normal electric power development. growth in the production and sale} “1¢ {s interesting to note, further: of electrical equipment, apparatus) more, that the peak of this group | and supplies, all concerns in the !-|iest spring was the highest point dustry are not now equally pros-| ever reached, 36 per cent above the perous. Increasing costs this year|top of the 1919 post-war boom and 29 have apparently tended to neutral-| per cent higher than the 1918 war ize the advantage, of larger sales.| peak. In other words, the stock mar- Moreover, the competition of the|/ket has lent material emphasis to larger concerns 1s appareatly hurt-|the thought so often expressed that |{ng many smaller concerns. It 45) this ts an electrical age’ true, however, that some of the} ‘what the future holds for these smaller concerns catering to the}stocits is, of course, dependent upon ‘Automottye “industries ere doing tha ¢araingy: of the industrywthat well. they represent. From a very long "The industry haa been especial-|swing point of view. there would ly favored with a good broad de-|scem to be room for still greater mand. Orders in connection with! earning power arf still higher stock the manufacture and operation of! prices than have yet developed. Cer- automobiles, and also with the/tainly any railroad electrification building boom has been very good.|program adopted on a large scale Furthermore, the growing use of| would mean only one thing, substan- electricity in the home and in in-|tial earnings, to these properties. dustry has fostered an attractive! “For the next few months it is market. This tendency in still}/more than likely that electrical strong and may do much to support! equipment issues will turn downward | the business j periods that during may be the quieter/in accordance with the trend of se. faced next| curity prices as a whole. They will then, of course, participate in the broad general rise.’’ BANKERS MEET ‘Considering all electrical equip- HOUSES ACUTE | idling All Big Cities Have High Rents, Expert Declares PHILADE LPHIA, Dec. 7 “Every city in America is suffering ton high rents—caused by the Jacute housing shorta Lawrence | Veliler, executive officer of the Na tional Housing association, who ts] at the Ninth National op housing in America Joint Conference to Be Held at State College ~ } Bankers interested in agriculture will meet at the State College of | Washington on December 13 and 14, | to afd the extension service in solv. ing some of the farm problems. ‘This | |meeting was suggested by ©. D. Rorer, chairman of the agricultural committee of the twelfth reserve dis- trict of the American Bankers’ as- | sociation. landlords will be! some 40 members of forced fe —- thefr rental! Bonkers’ association will listen to a | charges,” ho said | presentation of the agricultural prob- |, “The housing problem today 18!1ems of the state as analysed by the the problem of enabling the great! cstension service staff, | mass ‘of people who want’ to live) tne second day will be spent by in decent surroundings and bring! ing bankers and staff of extenal up thelr children under proper Con-| service in correlating the prosrem | tions to have such an opportunity. | °° ural saa ghaphe Mit Ie alae to & very lamee oxtent|of Sericultural advancement pr the problem of. preventing other|Pared by the extension service with sie Mig for decent | the program of the agricultural com- sndition# or are unable to achleve|Muttee of the State Bankers’ associa- from maintaining conditions| tion. A visit to the experiment sta- a menace to their neigh.| tn of the state college will finish thelr community and to|the work of the conference. Valter walt Dr. 8. B, Nelson, director of the extension service, plans to make the |mecting one of the most worth.while held for the, advancement of the presiding conference sald yesterday, | When there is once more a sur- | plus of dwellings, the State who ¢ care to Plant Pathology—A new book en titled “The Potato,” by W Mt | farming Interests, Stuart of the U. 8. department j agriculture, recently issued, is the | best manual on potato culture. & Co, and J. Rohift. | Better. ‘Homes Expo to Be Held Again| The Modern Homes exposition, re- held in Seattle for the first Was Stich a success that its repetition next year was recommend ed in reports submitted to the Seattle Real Estate association at its meet- | Ing Thursday noon tn the Hotel But- | ler | Crude Oil Output COULD Yous « DUPLICATE ir if Lost Q That valuable document that means so much to you will be as safe as human sere? can make it in our jo W YORK, Patroleum Dec. 71.—The Amert-| Institute estimates | | | Jerude oll production for the week! ended December 1 at 2,083,000 bar. day. This Is a decrease of| 5 from the preceding week Pennsylvania Head Gets Added Office BN eS PHILADELPHIA, Dec. Sam. dern Electric Safe De- posit Department. Inexpen- sive. Efficient. Inquire today. | Jot the Pennsylvania \ lected pre rey fs Leh bs , railroad, was ident of the Long Island railroad yesterday, Moreover, electricity is still in| FARM EXPERTS: “| per cent more than last year, yeara president | SHINGLE MEN IN CONVENTION Seventh Congress Ends With Banquet Fraiday Evening Over froi 250 shingle manufacturers all sections of the Pacific Coast attendance at the seventh an- nual Red Cedar Shin, congress which opened in Seattle Thursday morning at the Gowman hotel, The congress is held under the ausplees of the shingle branch of the West Coast Lumbermen’s association, and is considered the most important that has ever been held. Following the meeting of the board of trustees, presided over by E., KE. Case of Raymond, president, and the saw filers conference, both of which were held in the morning, the con- gress opened Thursday afternoon with W. C, McMaster presiding. A, J, Edgecumbe, president of the Brit- {sh Columbia Shingle Manufactur- ers’ association, gave an address on “Shingle Merchandising. Other speakers at the afternoon session included R. W. Neighbor of Seattle, who spoke on the relation of stock control and sales turnover, and A. J. Russell of San Francisco, who discussed advertising and sales, R. 8. Whiting, manager; A. Bevan, assistant manager; Col. J. W. War- den and Charles B. March, field rep- resentatives, concluded the program with talks on the activities of the shingle bureau, Among the activi- tles related by Whiting was the dis- tribution of 923,000 pieces of litera- ture. on shingles during the past year. Tho Friday program includes nu- merous round table discussions of various problems of the shingle in- dustry, led by A. J. Wartes, H. Fer- guson, D. H. Carpenter, A. J. Morley, and others, The convention will close with the election of officers land the annual banquet to be held Friday cyening at the Gowman hotel. LABOR PLANNING PORTLAND BANK Railroad Brotherhoods to Ask for National Charter PORTLAND, Ore., Dec. liminary ‘application | bank charter js to | a few days for ‘o* herhoods" Co-operative Nativ.. oni: of Port. land, a proposed new institution to be organized by railroad union brotherhoods, Following the success attendant upon such enterprises in Eastern cities, railway labor union repre- sentatives conferred here and com- pleted thelr organization pjans, Shares will be sold at $125 each as soon as the comptroller of nationel banks approves the application, It 1s proposed the capitalization be fixed at $200,000 with a surplus” |of $50,000. Active support for the bank was pledged by thousands of brotherhood members in Oregon and Southwestern Washington thru rep- resentatives of engineers, firemen, conductors, trainmen, telegraphers, railway and steamship clerks and freight handlers, express and sta- tion employes. —Pre- for @ national mae within Railroad Earnings Will Not Be Large WASHINGTON, Deo. 7—Tho the rallroads of the country handled more freight traffic during the first nine months of 1923 than any previ- ous corresponding period, the report- ed earnings probably will not amount to more than 5% per cent on the face value of the property, it we stated today in the annual report of the interstate commerce commission. Banker Prophesies Good Times Ahead | NEW YORK, Dec. 7.—Good busi- ness for some time to come was | Prophesied yesterday by Frank A. | Vanderlip of the National City bank. | He said that production is going ahead on a healthy basis; there is no over-production nor over-buying, nor jis there any over-expansion of credit at present. THINNING PEARS (PAY . BELLINGHAM, Dec. w. Bayes thinned the fruit In his pear orchard of 40 acres this year as a reguit of a demonstration iu thinning |held in his orchard a year ago, He | says that thinning meant success for him this year as his returns were 50 This | year his increase on the 40 acres, as ja result of thinning the fruit, was | 3,000 boxes at 50 cents per box, or | $1,500. ‘The purpose of thinning ts to give room between the pears so that they may grow larger. NEW POULTRY ASSOCIATION EVERETT, Dec. 7—A new poultry association for Snohomish county ‘was organized at a meeting of some 125 poultrymen held in the Chamber of Commerce rooms. M. T. Holen- stad, of Snohomish, was elected president; C. E. Westlund, of Get- | chell, vice president; Mrs, W. P. ‘Tay- | lor, Alderwood Manor, secretary- |treasurer. These officers, with J. H. | Duffy, of Everett, and Thomas Blak jet Lica comprise the board of di- went Oh Week Declines | OPEN EVENINGS For your convenience we will keep both our show rooms open evenings until Christmas, Eldridge Buick Co. Hast Pike at Harvard Downto;,n Store | Fourth at University | Stuart Bullding