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Newspaper
Seattle Star
Location
Seattle, Washington, United States of America
Date
Dec 14, 1920
Page
8
Irving T. Bush urges calm optimism as the United States embarks on a period of readjustment after wartime exports. He warns against perpetual upswing thinking, stresses maintaining labor costs and domestic purchasing, and calls for spirit and courage to weather potential panics without sacrificing work.
PHOENIX Ariz Dec 14 Inability of cotton growers and stock raisers to meet obligations owing to low in spirits markets led to the closing of Holbrook State Bank Holbrook Ariz by a state bank examiner taking charge The Glendale State Bank Glendale Ariz closed its doors last Saturday marking the second bank to suspend in four days and the latest in Arizona finance news
Granulated cane sugar wholesale price reduced to 8 2 3 cents per pound from 9 1 2 cents. The California Akfrikan Sugar Co announced the move. Beet sugar was expected to follow with a similar decrease.
Tide timings and sea conditions noted for powerfully busy harbor. Listings show ebb and flow with headings for low tide and second high tide across the day. Mariners monitor currents for docking and loading windows.
Port Angeles reports the 14 victims of the ill fated barge W. J. Pirrie were laid to rest in a single grave near Cape Johnson. A casket carried Mrs Jensen wife of the barge captain and her infant Haakon Jensen. The rest lie in rough coffins fashioned from wreckage.
A federal court awarded $2 616 58 to the Fishing Owners Marine Ways Corp against the steamship Gedney. The vessel was libeled for supply bills and back wages for the crew.
The steamship Admiral Watson will temporarily replace the Governor in the California run of the Pacific Steamship Co. It will be withdrawn from Southeastern and Southwestern Alaska service and sail to San Francisco on Wednesday for the replacement.
Wheatland Mont steamship, after a Pacific crossing, reaches port bearing nearly 2000 tons of cargo. Severe gales battered the vessel daily on the voyage.
PORT TOWNSEND December 14 The steamer Jim Butler on the way to Santa Rosaka put in to renew fuel after three failed attempts to pass through Capt Flat tery as heavy weather drove her back each time. The Toyama Mar t will land at Vancouver instead of Victoria before proceeding to Seattle. Tatoosh Island December 14 3 AM barometer fair and wind east at 15 miles per hour. A two-masted freight steamer and a lumber laden schooner passed and pushed out at 7:36 and 7:49 AM respectively.
A dated marine movement roundup shows multiple vessels with routes through Vancouver Philadelphia and nearby ports. Queen sails San Diego to San Pedro and San Francisco. Cordova runs San Pedro to Vancouver. Inton from Mandavia Victoria makes a December call. Wheatland from Shanghai via Kobe calls December 14. Admiral Roane bound for San Diego via San Francisco and San Pedro. Hawaii Maru to Tacoma.
Wireless and naval stations log December ship movements around Seattle and Puget Sound. Vessels arrive and depart from Beattie, Kobe, Yokohama, and San Francisco routes with several ships en route to Seattle or heading to ports such as Vancouver and Ta coma. A casualty noted: Haxtom ran aground off the Columbia River due to deranged steering gear and is under repair in Astoria Harbor.
Stocks opened slightly lower with States Steel holding near its low as traders weighed mixed results. Gains came from American Beet Sugar, Pan-American, Southern Pacific, and Reading while others fell. recoveries of 1 to 2 points followed heavy selling before the session. The market closed strong on favorable dividend and sales reports.
Chicago wheat prices rose on short covering and buying by commission houses. December wheat opened at 1.69 and advanced to 1.73, while March added to 1.61 3/4. Corn and oats followed with mixed early gains and late shifts as traders reacted to light receipts. Provisions moved higher in sympathy with wheat.
Chicago markets show receipts of 54 000 head for cattle and 11 000 head for cattle at two segments with prices ranging from 4.25 to 14.56 for various classes. Feeder and calf values noted, with hog and sheep figures included in the broader cattle market totals.
New York markets report grain and commodity prices with current rates for sugar and various coffee grades. The notice lists denoted per pound prices including granulated sugar at fourteen and a half cents and different coffee grades with corresponding cents per pound.
Foreign exchange early quotes show sterling at 4.45, francs 6.85, lire 24de, lire cables 347e, marks 1.71, Canadian dollars 6.27. Market closes steady with various rates listed for currencies and bonds.
In San Francisco on December 14 the market reports Netter extras with prime firsts at 49 cents per pound and Patras at tic per dor. Creta sic per dos and extra palleta are listed, with undersized pallets and cheese prices noted.
Portland market status report shows nominal and unchanged conditions. Hoge receipts total 191 head with market around 750 lower. prime mixed cattle and heavies traded 7.50 to 10.75. pigs 9.21 to 10. sheep market steady. butter and cheese prices listed with few legible figures.
Denver cattle receipts total 900 head with steers at 9.50, cows and heifers 4.60 to 6.40, stockers and feeders 5.50 to 7.50. Hog receipts 2,400 head, top 9.50, bulk 4.25 to 9.20. Sheep receipts 4,000 head, lambs 9.50 to 10.75, ewes 3.25 to 5.25, feeders 9.49 to 9.75.
Two grocer managers thwarted simultaneous robberies on Monday night. Oscar Atkinson at 201 Eastlake and BD Roy Joynson at Seventh Ave W and McGraw Sr both left cash inside, locked doors, and withheld keys. Both robbers fled empty handed.
The joint board of higher curricula completed the first draft of its report and will submit it to Governor Louis B. Hart before the legislature convenes. It has not yet agreed on recommendations to boost attendance at state normal schools and will propose readjustment of the tax levy for higher learning institutions. European relief workers note a woman can endure longer without food than 4 mam.
The Lacy Timber Digest review titled The Lumberman's Christmas notes demand and prices are weaker than at year start but signals a rebound. It says there is reasonable hope for greater stability as building needs stay strong and the immediate future holds promise for the lumber trade.
The T.8. & Omaha warship was launched at Todd Drydock in Tacoma in a ceremony attended by naval officers from Bremerton and Camp Lewis. Miss Louise Bushnell White christened the cruiser with champagne. The 650 foot vessel is the fleet’s speed scout with 12 six inch guns and other armament, one of three similar ships.
Ferdinand Chavez, 30, a Spaniard, is believed to have taken his 4 year old son from his aunt in Portland and fled to California. A sheriff’s memo says Chavez likely left Thursday and arrived in California Sunday. Deputy Beebe notes Chavez boarded a Pacific Steamship steamer after leaving a postcard stating he was bringing the child. Portland authorities suspect the motive was revenge against his wife over draft exemption denial.
Lady apples arrive as a Santa Clara delicacy used to decorate the Christmas tree. They command 2.50 a box this season. Fresh lettuce from the South arrives and is distributed. dairy prices remain steady along with fruits and vegetables.
Hog prices fell to new lows in Chicago and major midwest markets on December 14 as heavy selling and expectations of further declines pushed quotes down. Receipts were large and several yards reported the market down 25 to 60 cents from yesterday with prices in multiple cities near or below nine dollars. The University of Wisconsin campus project includes a new three story timber testing lab planned for the U S timber testing laboratory facility.
Fifteen prosecuting attorneys and five trial lawyers should be employed to prosecute shipping board frauds, says Martin J. Gillen in a report to the Walsh committee. Gillen urges oath requirements for officers, abrogation of current ship sales contracts, reissuing deals, and separation of the shipping board from the emergency fleet corporation.
The committee expects the project to be finished by March 10, 1971, marking a set completion date for the building.
A reader hopes that women will respond more quickly than men in future decisions. The remark suggests a call for swifter participation and decisive action from female voices.
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