The Seattle Star Newspaper, December 27, 1923, Page 14

oe © North and Central Texas, | BOOST PRICE OF CRUDE OL “Heralded as Turning Point | in Oil Industry P NEW YORK Dec. ty advance in the price of Mid. Hextnent Crudo Oil, reganted as the hig turning point in tho off Industry, Which has been suffering front over- production and consequent — price slashing, came today. The Texas company changed crude Git prices and gravities in tho mid- continent district, resulting nan ad-| 1923, This is the fourth of ten Vance of 10 to 15 cents a barrel, brief articles, in which he Pho gravity, under which pur-| traces the high spots in’ the chases are made in Oklahoma, are} business year) Vehanged to correspond with those in B YRALPH PF, COUCH WASHINGTON, Dec. 27,—-Up- » Crude under 33 gravity is 90 cents) wards of $3,000,000,000 is being In a barrel, increase of 15 cents; $3 to} vested in the building of new homes, | $5.9 is $1.15, increase of 15 cents; 36) apartment houses and business, bulld- Pto 38.9 is $1.9 increase of 15 cents; | ings In tho United States this year P89 gravity above, $1.40, Increase of /Construction work, despite the pres 30 cents. ent inclement weath is betr 4 Texas company advanced Gulf} pushed in many sections. Coast crude oll 25 cents to $1.25 a} Contractors und speculative build, Pharrel. ers In every section are working Powell, Mexia and Currie grades steadily and at top speed to fill the of crude oll in Central Texas have /gemand for housing befo jeen advanced 25 cents to $1.25 4/preak. Barrel by the Texas company. The nationwide housing shortage | Tho same company also advanced |is being overcome faxter was olls in North Louisiana, !2-| anticipated, despite the high cost of (NOTE: Ralph F, Couch, econ omist and statistician, with ac cess to government reports and figures, has worked up for Tho Star a careful study of finané celal and industrial conditions In the United States at the close of Three Billion Dollars | Fails to End Shortage prices | in New Homes) | activity are all in, it ts expected | that this, will be shown to have} been the biggest year despite the | slackening which came tn building activity In May and Juno, This was duo to a campaign by contr tors to curtail building in so far as} possible in an effort to force down wages in the industry, The cam- paign, however, wan only partially successful The pressure for dwell: | ings was too great. Approximately two-thirds of lconstruction this year has been residential work. Tho shdértago of mes is being overcome faster than | the lack of space’ for business and | comme activities. From January to August, Inclus ors In 168 large citte Joanvassed by federal reserv |board took out ermits to erect a) total of 501,049 structures of all va rioties. These buildings were eath mal to pst about 61,000,000, or at the rato of approximately | $5,200 per structure ‘Tho great building activity has! | Amer. Meet Hu | Amer THE: MERIOEE Passing Year Has Seen |New York Stock Market _ Record Building Activity WALL JOUNNAL FINANCIAL TOVINW NEW YORK, Dec rading wan active at the op ng of mock market today and altho the price changes were somewhat Irregular, the trend wan still decidedly upward motive stocks were strong, Rumors were sgain current Ahat erican Locomotive will pay an extra dividend early in tho year wh h Mt does not the $6 dividend ts regarded as sure, as American | Locomotive has unusually large cash holdings and ts in exceptionally | styong financial condition, | United Staten Steel, shortly after the opening, repeated its Wednesday | high of 08, Opening prices Included Studebaker, 100% 104, up \i Hethiehem TH, h4, up Met up i; Cast Ir Pipe, t 91%, up %; Corn Produc Consoll. datod Gas, 61 +) ind s 4 up Mi Am i FB 1 ‘ew York Central. | Dupont, 181,| } Mack Truck, H. off 14; Anaconda. 364 8 Rubber, ga, Laldwin, i20ti, Davison changed to up New York Stock Market | Wednesday's Quotations GRAINS HIGH rate AT CLOSING | Ajax tub CHICAGO, Dee, 26.—Recovering | Alaska J x 4 ing 1 that featured | Allied Ch 6 grainn closed sharply Allie Chal ron the Chicago board of trade Amer, Agr. Chi Adama Buxpr Local buying in good volume re- Vered for Wheat Its opening losses. The turn about from the early slump came with reports from the Arg tine that excessive rains had dam-| laged the quality of fields. &t. Louls |aald Germany bought large consign- ments of flour from mal millera. Unfavorable weather, atrong ‘to higher premiums and bulll 1 Varioun sections of the Amer, Hoch Magheto Amer. Brake Shoe... 7 Amer, Car & Prdy Amer, Can tee Amor, Cotton’ Oil, Drug Syndi... Amer, Express Am, Hide & Lthr Amer, Teo Amer. nt, Corp. Amer. Helplessly stuck in the mud off St. George, Staten island, in New York harbor, thé fading factors in vorn's| giant liner Leviathan of the U. 8. Lines, was held prisoner for about six hours last Frie Amer | Amer. if Caddo, Desoto, Bull Bayou} pyiding. But that the day. Radios had been sent ‘from the ship after it left England to the effect it was hoped Smackover, 15 cents a barrel. still with us is shown by tho failure | other Hnes of business, Demand for | Amer ; . 4 grains, sold higher on @ market de-| A te ins, sold 20 minutes would be clipped from the westward trip record. Within sight of its goal, it fe eal, Renters mt ts t 2 oy es fo — oo iets - “s rt ey Ee. 4 Bias y Tiquidation eusina tha | grounded! Passengers were taken from the vessel by a ferry boat (shown inset), while | sporid widely. According to a na-|and steel industry. Tho cement Amer, Ship @ Com provision marke } a the UMBER HAS tlonwide canvass mado by tho U. 8.|dustry has been operating at high | Amer, dmelters cam Preaers2) hardin tt |tugs sw armed about trying their beat to release the big boat. bor department, rentals now are|tide for many montha and produc: | Aer. Sumatra i 1 7% xe ste 7 a 4 per cent above the prewar pe-|tion jumped to 13,000,000 barrels sree te 4 * \Chicago Board of Trade) lriod as an average for the entire |Septehmber, smashing all previous | pid... 2 22 Wednesda; ‘SIGN FIRM HAS” country. In some sections tho level | records. J Amer. Hteet tudy a Wheat ; Low | Close NEW QUARTERS jis still higher. | Lumber milla have beon operating | Amer Tek A Fel 33 1344 1 De erat Celebrating its 23rd anniversary, pioneer outdoor advertising firm shortage is|had the ef of booming many under the influence of other eco cam. .} | say io 2 Corn Gi | Geese—Drennnc Ahead of Previous | for building | virtually at capacity ¥ a | \4 Amer. W ess. 3 HBF |Dece viveee tt He | Whoteanto, Dew | Turkere- Favor, ; Years in All | Departments HOLID AY TR ADE CLOSES SALE ga. Writs Wa. pf BS aM > tals . The prices aly oe Dein Hare “Lave, par tb, oster & Klelser company has just } xin ori 1 one pane pre Cows—-Country dressed into its big new home, re» a 3828 nas teen 9 een OF FIVE SHIPS, sa ‘ ttle. aha” | Mege—Fancy block } 3 ‘ : Lay tbo creer cently completed at Fifth ave. N. and @ summary issued yesterday by | IS SATISFYING WASHINGTON, De 2 pene eee ty - . cea eitfae pout United States Shipping Board En n Nichol 3 ma. 2 : 12.15 Artichokes leary, cours wea * 11 | Roy st. The new building houses the Robert B. Allen, secretary-manager | 4 Medium, ee "Broea 2 7 [ottices, studios and shops of the coms Nae te sie : : Herte—New, dor. bunch 5 : pany, and covers three-qua ee Cem Lumhermens & Fleet Corporation has an ) re é t e Toeal, ne thons mt Stockyards asad Games: Hrussele Sprouts Cattie— cA Bociation. The statement shows that mill ene aear scx. | Reflects Optimism of Public, |s aeinsed the sale of « Cabbage—Per 1D sate Vrime : s 9, Twenty-three years ago the finm the mills reporting to the associa. Bion have exceeded the 5,000,000,000 obsolete or damaged gis to HH. L. Carre 1 4, 4 Mediun m tee si was organized by Walter F, Foster Mark in production, shipments and Bankers Declare Crawford & Co. ie Fair and George W. Kleiser, and its serve [Mew business, making substantial} By gains over previous years. | NEW YORK, “Dee. © Production, thus far this year, has | prosperous Christmas p Been 20.02 per cent greater than in| aominating factor of the b the same period for 1 90.12 per ) feent greater than in 1921, and ojuation during the past week, accord: Sf per cent greater than in the first 51 | !ms to Henry Clown & Co., Investme weeks of 1920. Shipments, thus far this have | with © na revi aut | ee : a = b : ‘ been 31.29 per cent greater than in| : ‘ Pes srscbiasst windtenind de tis ott oF 3 , 4 ek . Wednesday's Quotations ee 'ROADS MUST °S. 3 s he oe ie wat r Nett ¢ ma LOWER R ATES Gnen A: Obs veer - gate. gece see : FLOUR AND SUGAR the first 61 weeks of 1920. | “The active holiday New business, thus far this year,/the generally wholesome a: Tas been 25.56 per cent gre the same period in 19: $1 y ASHINGTO: b pon isle . ¢ ap * ‘ © cent greater than in 1921, and 78.15 " Se io Pit cras rego be} * ‘ | per cent greater than the first 5 FRUITS Dont : weeks of 1920. acas Prices Paid Wholesale Dealers fe HAY, =) One hundred and twenty-five mills Wadnesday’s Quotations ve . iTeenee © reporting to the association for the| , 4 ; Caltle-—Reesipts: $10, Market a? NNIaoo@iss Week ending December 22 manutfac-| : goods being sold as ig mg Mad 7 cade es smadees Nort 1308.00; stockers Lot , reese) gad tured 102,086,375 feet of lumber; sold! hey are, @ satisfac state cor sate 1 e s p feede i ‘Scans ike 92,101,884 feet, and shipped 389,209,- | Mand fe " ‘ | Moge-—Ne ‘ ' r r; : + 421 feet. as S00 A : Production for reporting mills was| ©¥ mapa 20 per cent above normal. New} “ Business was 10 per cent below pro-| th duction. Shipments were 3 per cent) ab below new business. ities now for Fortys-ix per cent of all new busi-|in our fayor for Tess taken during the week was for|000 on merchandise This amounts |the inflow of gold cc sa At When the returns up of five bert Cash Wheat of New York ¢ : ; : 2) CHICAGO, Dec. t4.-—Cash Wheat the terms ale, the buye: hard, $1,08@1.08 within ¢ pana the Andalus Chicago Car Lots ‘ons tons, bu Wednesday's Quotations a t Kata. Lt a Couliflower s ; . recengecte 9G 0 licg was es shed in Seattle and Daemon 20 Portiand, Since that time the firm Vax Yiant De edium 4 has had steady growth, until now i€ baie Pasi : ee ee teeee eee, L8O@ 224 | Baintains its outdoor sign service it 556 cities and towns on the Pacifie , from Canada to Mexico, features of the new will be the which there will be erect panorama showing the dif. r display signs, O'Neil ts general manager ab attle for the company, O’Donnell Leases ; Apartment House GHAIN' AND PK Transfer of the lease of the FOOD : oe neo Buena Vista apartments, 1633 Boyle poi : ston ave, marked the holiday activi« Corm—W e e 1 Ps 0 t in real at P. J, O'Donnell pons < 2.00 | purchased the lease for a considera ri Bhaazs 122-69 tion of $16,000 from A. N. Nell Oates f - wjowner of The Bronx. The Buena | Vista is one of fine apart. ment Parsley Parsnips | banke atore— 4 Gems, ton Portland Produce Retabags nd satis- lion of mind on the of the public, and insures the founda }tion for later productive operations, Denver Live Stock reounuts » ‘ Cranberries $4.6006.5 Raster Sheep 2 higher Wheat mnt eeeeee. Gee omm| Ship News. oot | Tides in Seattle 3 Spada amd 14,740,477 feet export. New lettin amounting to near THURSDAY FRSDAY n Ave : ‘ , d. 44.344 usiness by rail amounted to 1,521) $900,000,000 is now def sly Fieve 27 DEC, tA ’ structures. Chick Feed Chick BM. #5 Gee S| Railroad Earnings “a : cities Near Billion Mark ecoaat; psrinthsnl dm NEW YORK, Dec. 27.—The best Cottonseed M % 5 o¢ | estimates available now Indicate the Pears. Linseed Ol Meal : net aggregate income of Class Ono Pinempp: Por crate Soya Bean Meal 2 ut $97 ase nes ae . Attaite. Meal |carriers for 1923 will be about $975,< NUTS Bone Meal VE : 000,000, or at rate of 4.80 per ee ee Prices Paid. Wholea * ) ‘ ; The guess at the start of the yt ; pice he pit i el itare Eg E bot ww D : was that the net would reach $1, Forty-seven per cent of the week's |at Washin Q ; > || iret Hist Tide | Fire igh Tide Peanuts —Va i i 1| Granite, 100°. “ B00 | C00, 000. Yo veuIbat Sata 04 ft c A . 1 5 eg ? Almonde—t, X. 1 Tumber shipments moved by water.|the impre mean tae et | ee San Francisco Produce " "i A ° is estimated at between ‘This amounted to 42,213,314 feet, of the farmer, whic a : * rt Wednesday's Quotations oor Foreign M Ss and $30,000,000. no ; 5 eteate, | Mixed Ni oreign Money Status /) which 25,296,611 feet moved coast-|¢ uthen=atrany Gigs ster pete: tirana id, Satake tek Al hs jwise and Intercoastal and 16,821,703) 5 3 ae Ts a “pte hry tots a poems s Gastations [feet overseas. Rail shipments to-| «Employment, Nght nei 4 #1 ine Ges ‘ : t 810 Second Ave, Seattle ) taled 1,433 cars. Jas is usual at this season urexu Report 29% | Chesse—-Califors a 34| Normat Value, | Rresent Value ). Local auto and team deliveries to-| gener: very good. The ISLAND, De DAIRY PRODUCTS Mi pit tion 8 iM ‘ _ taled 4,101,107 feet. |some textile mills roy Prices ald Shippers . Sse fdeaonnbdp is sist Unfilled domestic cargo orders to-| Battertai— Belgian franc.. [taled 109,509,651 feet. Unfilled ex-| A grade at Swiss fr Port orders, 233,050,563 feet. Un- ‘ Italian | fitea rail trade orders, 4,236 cars. Oranges: Second Low Tide Second High Tide | Second High Tide | Organize Coco Cola Company for Canada TORONTO, Ont. Dec. —The 4.47 cts| Coca Cola Co. Ltd., of Canada, has 46cts| been organized with a capital stock Aa. brief period, which ts it of the y Alaska a Vessel i ; of $1,000,000 to handle the business change In con t Balled ~ 2 H ¥ ; 4 Sorway krone...14.83 cts}of the Coca Cola company in Cane jditions, altho-the high price of cot — s i eeenten 2 is . “ - BL psy idutinnaereeinl PRG mena E ton has naturally involved a revision were | Ce Whee 3 : D. condensary - ro geass punced here yesterday, DAIRY PRODUCTS 2 t trian crown 2h cts aaa “ Great Northern Is of etimates of potable consumption | Arrivals and Departures ee Foreign Securities Y i spe girges ednesday's Qotatios prices Pald Wholesale Denle: 1 Greek drachma to Get Locomotives ; Shed te Looe a te waltenccovaleruamery, “eebene eek SL Holead Terie “The general financial outlook Vornished by Logan & Bryan 1 Thirty new locémotices for heavy | most accept 810 Second Ave, Seattle Local p e c i i freight service will t y y |ing system st a higher ‘ " p 1 . Mock Se Md Asked | Baas: renee tthe Baldwin Locomoti 3 | the k of f 1 fir laty Dorothy ‘Alekaae ta, mi oduct 3 F ; eee 0 z ) I the Great Northern ra 2 the year are now estimat r “15 ‘ tu 6M, 1 9m 10m | Chemo 2 Liberty Bonds the year, it was 4. yester- | amounting to full ) k —Dee. 27.—Str_ A X . ; ‘ . ; Hadar of eY: Wednesday's Quotations day. They : t | of * aka, at : Furnished by Logan & Bryan “ ad es B10 Ss md Ave, Seattle ‘Santa Fe" type, en’ ntly < € High Low an expenditu . rean0t dot that the 9920 98.0 ishments for customary at tho tur | does not indicate an Arrived —1 A. Motte THIEVES OR FIRE Use Our Modern Safe Deposit Equipment POULTRY AND MEATS Prices Paid Shippers Rrollers—Per I Financial Flashes anes § ri i i From James Mactariane & \o, = = Bmit > ‘ Tapaneso int i ' Hees ats #11 Second Ave. TO START BIG | aetvsewsize oti, Ste teeta, foe Soc EE RS nee etm gb anne POWER PLANT tin Faaitnerratiy,. [dl one of . A thee getrds segue Mtr Done vba hiperioe. Ol 2s : C Clearings Secretary Mellon in bis Christ ‘ : POULTRY AND MEATS ~ Balance: 2,008 mas message said in part: “The Prices Paid Wheleenie Dealers Portland business outlook for the nev € the. waterw. of the Gultan: + q . ‘ : Ducks—1 seems most encouraging.” ne : i il ‘ : ‘ “19% : a In nine months the V 4 - ¢ \ Electric & Man approximate! iid ; pa eg and charges, acc to estim tint z i Conne t ‘orminal—Motorship This is about $4,000,000 in exce vena Pe es Frank Lynch "loner, atr Dis- |» the annual requireme pian and outstanding comm Bankers say there is a subst tial amount of railroad fi to be done in the new year, but it is not urgent. Forty leading b an in e of .10; BANK CLEARINGS Seattle SEATTLE NATIONAL BANK Tacoma s of preferred ms Anvil, A. A. HOUSMAN & CO. ANNOUNCE spunien, Pacific's sharp recovery K meta fe a 41% 41 “i ae ae The Opening Of ay believed in railroad circles ’ atthe Training Btatto wo, |} : ; aece AT that the purchases of equipment during 1924 will include relativ 624 Second Avenue Telephone EL iot-2166 Jarger number of Wednesday, than freight cars. EMI locomoti January 2 ss gr pe Safe Deposit Boxes om LS ghabroegany , : For Rent $3.00 Per Year |Win. D.Perkins & Co, Bankers 211 Cherry | | Building Permits | _—_ ad | As the ye: ws to a close, Iusiness jeaders are expressing the greatest confidence in the im mediate future.