The Seattle Star Newspaper, December 11, 1923, Page 18

PAGE 18 THE STAR’S PAGE OF NEWS FOR BUSINESS MEN LATE BUSINESS REPORTS GOOD Retail Store and Theater} Sales Show Prosperity WASHINGTON, Deo. 11,—Ro-| ports on October business rocelved during the week ending December 4 by the bureau of the census, de: partment of commerce, show pro @uction of gasoline at 9,061,000 ainst 62 ations | mber and $68,279,000 In Stocks of gasoline at the end of October were M6, 000 gallons, | compared with 9 D00 gallons in | September and $4,000 in Ooc-} tober, 1922. , Production of fuel and lubricating increased over Sep- tember this year and October of Stocks of fuel declined and lubrica increased. of amatio rubber | tires increased stocks declined Shipments of tires were greater} than in September this year and | October r ago, | No r of two large mail order houses a 000 compare with previou November, 1 in November red with | $70,302,000 the previous month and | $40, 00 In November, October tax collections on theater September | were 000,000, against | $4,933,000 the previous month, and 1 $5,396,000 in October, 1922. Collections from conveyances and Peransfers and stock issues increased over the vious month and Octo- ber, 1922, as did tax collections on Jewelry sales. Exports of domestic merchandise increased over October of last year wand imports decreased. ‘The United States bureau of for-| eign recelved from forelg Padmissions, Indic: Fpatronaze, firms on dock, PRE CMBS iheataiiola iglaihagetg dotted Building Activity Will Continue, Eppich Says Industrial Leaders View Future With! Great Optimism (This is tho fifth of a series of articles on business prospects for 1 Prepared by the United Press from tnterviows with noted business loaders), BY MARK H, KNIGHT self a prominent financ be. (Copyright, 1923, by United Press) Hoves DENVER, Colo, Deo, 11.—""The greatest building year this coun try has ever had Is now round ing to a close. Construction ac tivities now under way and un completed, together with con- tracts let, assure an even greater expansion of home and business construction for 1924." L. F. “the immediate pr of this country rests upon European situation,” 7 ing prospects for and a tremendous tnere manufacturing, the gov points out that “wo must some place to rell our ers.” Sweet regards with Europe forward mover t in bus! “If this is done,” he said, country will enter upon and Industrial deve Eppich, president of the Nationat Assoclation of Real Es. tate boards, In addition to the foregoing statement, made to the United Press today, said. aperity tho ir record bullding se In nor find products other than to American consum co-operation easential to a a fieal pment such “An unprecedented wave of construction on suburban lands as wo have not seen in many got under way this fall and years. I think business In Amer promises to continue thru much fon will. ‘mark me! from thls Ly point until such co-operation ts Eppich said building and buat. Howard Sulllvan, immigration ness In general appears to have comtabeaiocins vidi thas returned near to an equilibrium, tural eltaaviog) in tf Yonstruction bonuses have mountain region with vanished,” ho es are in id, “More ap- 0 trades than nnd they are 1 by crafts Increase in diver net from ¢ r several years now being encoura: unions, Where main nary, increased, making h creased production costs.” Th st efficte for sl farmin ince optimism try, proximately 7 ed to ing In Color m- | ‘ofit at the pared wil syee, | 4 of tho seanon, his reports state o sald | show and A | tvan ce an | Livestock & ts | that within 12 months people will be falling over each other to | | | | buy breeding cows."” Gor. Wi. weet of Colorado, him. LIBERTY BOND STATE HAS us MARKET SAFE OF CRANBERRIES = electric paper; steel products. (8484) Machinery for the lumber Industry; reliway ee |Political Possibilities Not | Pacific County Raises Bulk ‘Australla—(8469) Engines, gaso-| { ; cat nes | Affecting Position | of Entire Coast Crop Canada—(8450) Novelties; silver-/ “tcl | wore. | Moody's Weekly R jew of FY LW. Canary Island—(8377) Gasoline! nancial Conditions In tts current is.| SQn wooden cases, | Cuba—($410)—Confectionery and} “#e says !n part Pehocolate manufacturing machin-| “ al developments oc sery. (8418) Furniture, household;|cupying the stage. The radicals hardware; kitchen eee have already shown ability to force ee einen jthe regulars to compromise with Germany—(8468)—Bacon; corned|them; and the bonus supporters Wheet; condensed milk; fruits, evap-| will doubtless show great strength. porated. | At the same time the market post Greece—(8400) Wheat. tion of Liberty bonds appears fair- Trel (8425) Building mater-/ly sec h tMals. ($408) Canned goods. (8482) f Pinseed cake and meal. (8426) P MPurpentine s als are on cloth; | downward hats; hos | is slow!. hand c a} e Southern) Nquidat while on the other met ‘ § eyellow pi Walnut lum-|als are 4 and r ‘ ber and logs. Northwestern ds are showin ¢ the New Zeala (8406) Automo- net e Diles; automobile accessories; hard. . A } ware, builde f e be u * paints; wall pape: 4 v4 Philipp: Islands—(8483) Bi- cycles. - Porto Rico—(8454) Laundry soap. —- ~ 7 Scot! (8475) Soaps; special- - * Ee Ship News Tides in Seattle TUPSDAY WEDNESDAY DEA. 11 DEC. 12 he Seattle First Low Tide | First Low Tide Rha Hotel the Ameri First High Tite | Virst High Tide Peo th rd to take an : 4 on meet f Second Migh Tide | Second I ture the meeting Financial Flashes From James Macfariane & #11 Second Ave. A better inquiry has developed for copper metals followi lull of two weeks demand. Some of the largest producers look for a marked improvement in pur. chases thi + fin With the conve ing of congress again today the Northwestern rail issues are refi he dis turbed feeling over agitation for lower freight rates and the ing in this department of the is spreading to other quarters. Easterr demand $1 Washington advices state that leaders are sure the senate will adopt the Mellon tax-cut plan cial 5 ings of agar $ and at the plat An announcement was made at the state department today that a commercial treaty had been igned with Germany to replac the lar convention abrogated at the time of the war and that instructions | been sent to the minister at The Hague, Rich d M. Tobin, to begin negotia of « similar treaty with the Dutch government of 1% per ent ¢ ieiferr woe i Griffin Installed mmatel elt President of Club Weather eatecnba Arrived Remodeling Black Company’s Building 5 i ee THIEVES OR FIRE |: Use Our Modern 1 Safe ig mae ala ) 3ureau Report Arrivals and Dep artures 8. THE SERATYLE STAR New York Stock Market WALL STI OURNAL PINANOIAL HOV EEW NNW YORK, Dec. lIrregularity marked the opening stages of the | atock market today Insuon showed decided mi Goneral Bloctrie atarted ae 108. up 2 and Corn Lroduots at 140, 0 gain | of 1%. At the rails, Union Pacific at 120% and New ¥ Central at 10644, made advances of a half and quarter respectively, while Bouth erngRatiway lost \, nelling at 37%, ‘The Stools were off fractionally APoning prices Included: Studebaker, 104%, off Mi Union Pacitte | 12944, up 46; Southern Railway, 37%, off a; Bohulte, 111, off Ms Hethle hom B, 02%, off %; General Blectric, 199, up 2; Pan-American 1s, 08% | up; American Can, 103%, up %i Chand up %; United States Rubber, 27%, off Woeatinghouse, 61 Motors, tile, UD New York Central, 106%, up Mi Corn i DE Ae ioe ve WHEAT REGAINS EARLY LOSSES. Mon Quotations rw hed by Logan & Dryam 0 Hecond Ay Heattle Btock— Hits Low Close Adve: Numley o * ” do pta . ar) Cant ey} Ar Reduction re et CHICAGO, Dec Ajax Kubber a 7 Allied Chemical OM on 44% | Closed irregular Am. Agr. Chomleal,, 11 11M 1% | board of trade tod ioe o 3 ose 26% ci) Recovering fr mer, Leet Huger which gripped th | Amer, Tosch Magneto ing of Yr wh r. rake #hoo,,, er, Bank lafety Raxor,, & Com. Amer, #umatra |Amer. Sugar | do pa ; JAmer, steel Pndy | Amer & Tel |Amer. Todacco a ¥ . A 47% uy #4 10, on jay. Grain the ¢ prices thicago Sees End of Strikes as Weapon in Labor Battle Growth of Union Banks Will Revolu-| tionize Industry, Says Boeckel HUN 11 dyice BY HARKY B, -____|W BHINGTON, Dee. Ung the old fire with fir nized begun to fight capital with capital. This is the opinion of Richard M Noeckel, labor economist, whose re- nt book, “Labor's Money," pre ta the fir authoritative account of the development and growth of to labor has | * org With this new weapon fn the m the sinking spell market at open at regained of its early losses with good buying pressure. Corn met good local b | dips and with the atrength in wh Hy over the Predicted rains and snow over th ral area for tonight and te scored f action caused fears Oute were dv day, The « downturn. Ir to tn 1 « the present and noglected all heavy clearances for export Chicago Board of Trade Wheat Grain— Wheat Monday Open 11.09% 8 100% Lom 1 Quotations High Low 03% $1.03% 09% 1.08% 1.06% 73% ‘ “a 24 6% 6% “ an 6 1 880 Cash Wheat showed a fraclonal Clo 1.05% 107% Chicago Car Lots Saturday's Quot Portland Produce Momiay's Quotations Matter«2 4 Xieee 38 2? 45@ 480 doe Cheese Hene—1¢@ i eg 14 om 3 o% ‘ oy ee 45% 2% ‘ 1 Sagar Q Cotter Clearii Balan Fore Monday N. Y. Sugar and Coffee Mond » fancy Quotations en exchange * 14.26% 1 ‘ ' ' A; Heigia BANK CLEARINGS Seattle cs San Francisco Produce Quotations Portland Liberty Bonds M any's Quotat ed by 2 410 Second Ave ' ‘ & ir, Sent 1 }of tos visions firmed up on reports of | Forejgn Money Status fonday's Quotation Fenfished hy Lavan & 1 ) Recond Ave tie Pri A { Foreign Securities Monday's Quotations rnished by Logan & Drran I Anked 1 I 1 Sapanese 4 ; 5 Ou 1 i Ht ‘1 ' ania % 4 ‘ 1 1 1 1 * ha day when » in | medieval crossbow ay | “As the conti nda of labor, Boeckel foresees the rikes will be an obsolete settling labor controversies as the in armed affrays | | | | workers’ co-operative banks, | | | | labor banking movement xpand during the next | Boeckel nays, “it will | revolution in trade union Il depend leas and s manpower in few year ork lens upon strikes and more and more upon the | strategic une of the workers’ money | powe | WORKERS’ BANKS BEING ESTABLISHED “Within the short space of three Jand a half years there have been established workers’ co-operative widely scattered industrial Their aggregate resources te $50,000,000. ) new workers process of organiza | which will be in opera in the next 10 months, | terest rates | Richard M. Boeckel are pald on deposits. | of inc TUESDAY, DECEMBER 11 | s \nbor banking movement | ' eon developed on a basis | These banks y control ve nor has {t been promoted | Substantial amounts deposited by men and women outslde the trade la, It is an outgrowth jon movement.” ndition ef the times and NO CHANCES IN > RESERVE RATIO | Banks Report Decrease in Discounted Bills A reduction of $48,100,000 in hola ings of discounted bills, offset in part | by Increanes of $9,400,000 in necept. ances purchased in open market and of $6,800,000 in U. 8, government ge. curities, together with relatively small net changes In cash reserves, | federal reserve note circulation, and |deponit Mabilitte shown in the federal r rve board's weekly con. olidated statement of condition of the federal reserve banks at close of business on December » The reserve ratio remained unchanged at |76.4 per cent, All federal t Cle reserve banks except , Minneapolis and City report smaller holdings of discounted bills than the week be- fore, the st reduction, on we 000, being shown by the Boston re- serve bank, Decreases of $9,600,000 | are reported by Chicago, pf $7,700,000 |by New York, of $7,100,000 by st, Louis, of $6,400,000 by San Franciseo | and of $6,000,000 by Philadelphia, and | & combined decrease of $2,700,000 by hmond, Atlanta and Dallas, In. ses reported by Cleveland, Min. neapolis and Kansas City aggregate $4,400,000. | Of the total reduction of $48,100,000 in holdings of discounted bills, §23,- | 600,000 represents paper secured by |U. 6. government obligations, which jon December 5 aggregated $259,100,. |000, Of the latter amount, $227,000,. }000 was U. 8 notes, secured by Liberty and other bonds, $119,500,000 by treasury nd $12,600,000 by certificates Aness, | Increases in federal reserve note circulation, shown by the San Fran. cisco and Boston reserve banks, amount to $6,700,000 and $3,700,000, bt t nce of American work-| ‘The policy on which all labor | respect and aggregate increases ers banks operate, Boeckel says, is one |reported by seven other reserve Should this polley of fightin refusing loans for any but “pro- | banks—to $6,500,000. Reductions of capital with capital be followed by , ductive purposes.” This, he declar $5,600,000, $3,200,000 and $1,800,000 in orn uly,” Boeckel adds, | fire nerves the public interest in {federal reserve note circulation are ¢ witness an enor. | th " s to stimulate the prod-|Teported by Cleveland, New York a Ox n in the num. of useful and to make nd F delp! respectively, and resources abor banks creased production and lower gold reserves show @ gain ing 1924. At without degradation of the week of 00,000, Declines of & th, d t ion of the wo of $20,900,000 are shown for the New ke should agz continued pro | bank and of $2,200,000 for the ' t “ ning of 1925 ne ment promises not only cipal Increases GENERAL PUBLIC | reve in trades union methods, # are reported by Chi- 1S BEING WELCOMED declares, “but forecasts go, Boston, St. Louis, Richmond t cant changes in the organization of |®9d San Francisco. Reserves other lustry. As this pro. pid declined by $5,300,000, prac- te agindl 6 will come to be offsetting the net increase in jn 1907, wl SEATTLE MARKETS ||» VEGETABLES C fous to get c the last few NEW Dec. nt issue, says: in tore! With a few | durin; as a relic of industrial bar COPPER TRADE | IS IMPROVING 11—The E Mining Journal-Pres mers have been rather anx. per at 180, delivered, ys, and have | European cables to le non-reserve cash on, was t serton d witha poustache out from +h conces ind. ore a an abi vigoro' Foreign Conditions Reviewed by the department of commerce show continued im- | provement in British industry, recov. ery in a number of Czechoslovakian industries excluding tron, steel and roducers | been ely intimat. that they | lumber, depression in the Italian fron cont oF | coud 1 they ated at and steel industry, and continued ex- selling cost.) at level have been| An important encouraging f Artichokes few carload: in Great ritain is the end of eet —New. dex. bunches seven months’ bollermakers’ strike ing and allied industries, Unemploy Si peed ment in Great Britain has appreci- Cauliflower Per crate of copper has decreased. — Celeey we sa ‘High ° ae 38966 Increased Italian {nquiry for i, No. 4 ecud ravisabie: the tite rican machinery has followed Be aes Ala racist atareice in German prices. Italian inidoe -anlée' tan (PEOee deficit for the year being cao : 1 h or | now ¢ at 1,260,00 lire, " 2.00 I rally are | ess tt the previous estimate , 40 15 |) Z 3% to 13%¢. } Cat idvices from South Africa : apis | repor 1 production for October pit rr e j the lar t since. March, 1916. An im. 00 936.0 i SABO. | Seattle Lions Plan _| portant diamond find in South Africa Rutabagas 1 ack 01.30 rted, the wool market is strong tolnache Loca per box +9 30 _Visit to Longview mand ‘for 1 tines of Sweet Potatoes t embers of th J pecially for |Turnips—Per ea ton of Spo. rovement in India FRUITS Saturday to aid cables. The Bp . 1.50@2.00 to the Long. | months h n reduced, retail trade 1.006128 | view ¢ = picking up and more optimism is bec 1 EN | apparent than at any time this year. Hananas— Per Ib NEW YORK, Dec. 11 The U. §. Cenmperrtea- ctor bax 1 November unfilled tonnage Railroad Starts | to ape erunt ts ns, which was some 60000) Use Freight Trucks Onve mee eats thar PHILADELPHIA, Dec. 11.—The Ttocey : lway has announced Huckleberries—-Per Tk 07 NY Sino eee Lem ‘ancy 4.00 6.00 delphia it will here- h ° 4.000450 le short distance pack: Oranges than carload lots of Pears @:00 motor truck. ‘This de Vineapples— Pe te > T.00g@7.60 the largest American NUTS tem, some contend, is a Prices Vald Wholesale Dealers torermiiee wet otbens ack Lote ma aT | 11] AND WE LOST OUR STAK 1s ne 7 Part Ir Have you an a6 \ “4 U@ 15 | Nice r 4 fF 26 STOCK | No. Madam. 26% Quotations at Stockyards | rn Have you 31 | Cattle Pg Sd eee grb! Zachry—"No, Madam.” ] DAIRY PRODUCTS [eee : ! n Fone (much exasperated) Prices to Keatil Dealers toe e = a ¥ b @ Butterfat - - ‘ 0 goodness sake, why A at Wwery se. Asa ber. . a het et : ranch, white stiell 47 Aur gota rt oy chry—"This is the rail I St] Fair ton « nd our trains have not Milk—-Cwt., fo.b. Seattle supply 2.00 g —A. Cc. L. wi Oro eonasan ies ioogto DAIRY PRODUCTS F HettincReeal teamuey, covet Rien heavy. A QUESTION OF F th eedepee es F I am twenty-five cents, : apped Ms 4 hite shell Ila t on spea! fs Ue TOMBS ssssssesseeeee VOILE her Yearlings : I am too small to buy a quart of a} ¥ Seog ta6| cream, Ewes i a FLOUR AND’ Si sta” 00 |T am lar nough to p Tight ag: Washing BE | sossvcSpeeat: Glee a box of candy, Ehators Af Tile eta, old 32 amily patents .... Meat I cannot be exchanged for a gallon Shipst POULTRY AND MEATS gee Cane, per wt as oa5| Of gasoline, Minneso Reollers—Per Tt 4 so|. HAY, GRAIN AND" Hemp" | 2 handy ot ft Capoas : Ol aidattar tapccontett yeume ng |g believe: mi Straw 16.00 When I go to church Hens Toe. 0 | Corn—Wh w. 130% ree | am considered Some Darley Whole teed, 100° is Z with : Geene . 4 | Rolled and ground, §0's-100' r+] HE GOT THE LOAN weaney a , Onts—-Whole feed, 100's {ioe Misdiéalypl | bankert aiieed ive, pe 13 | Wheat aned feed “4 ; 00 | mor How much have Mixed food in.ee ‘ tinte liquid as AVy, 166-200 Thal ':” ,on@ (20 | Chick eed 46.00 w POULTRY AND MEATS Chiek B.M. Mash— ior 0° replied: “About a case an heey, 8@ .30 | Keruteh Feed-—100' ‘ THE PERFECT ZERO ‘ 21 Cottonseed Meal 00's bebe Ar 1 ) Hrol oy “ 20 Soya Bean Meal. 0's 08. +4 : Cerne 40 Alfaifu Meat 1.00 N pe sto tt | one. Mentions we) x 1 a . ‘ WT Grit ne, 100's 4 | cows a, Ib. £0 .22| Granite, 100" 01 . 3 asts of more @ .o7\m Scraps. 00} i Meat ” mn, 100's 10a oo! a ‘ur farm