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Newspaper
Seattle Star
Location
Seattle, Washington, United States of America
Date
Jan 06, 1921
Page
7
Treasury Decisions 3108 3109 allow merchants to base income tax inventories on current market value rather than cost. The ruling, issued to Williams chief deputy collector of revenue, affects most commodities in use. Merchants may value at lower of cost or market and obtain details at the revenue office in Federal Building.
Shoppers found brisk trade at the local mart on Western Ave as vegetables and fruits ran thin. Prices listed include per crate and per dozen for various produce, with poultry and dairy items also noted amid a sparse holiday display and steady wholesale demand.
Delegates from Oregon Washington and British Columbia plan a uniform coast wide charge scheme to be discussed at the Pacific Coast Association of Port Authorities session in Seattle on Friday at 10 a.m. The Victoria sailing was canceled and the Alameda will operate the Northern run in its place. The Endicott fireman Dewey Falk is reported drowned after going overboard from the steamship Endicott four days out of St Thomas. A May B-2 gag boat sold at auction for 812.50 to E H Chavelle. Vancouver BC reports the Empress of Russia arrival with a large mail and silk cargo. Kennecott steel motorship launched for Alaska Steamship Co. Port details include ships, arrivals, and naval movements around Jan 6.
A number of issues reached new highs at the close on the New York Stock Exchange led by Crucible Steel rising toward 84 and United States Steel around 424. Other gains included General Motors 15 and Studebaker 49, while Southern Pacific eased and Mexican Petroleum hovered near last close.
Chicago grain futures fell as lack of buying support pushed fractional declines at the open and into the close. March wheat lost 0.5 to 8 68, corn slipped further, oats eased, while soybeans and pork prices showed nominal moves amid steady provisions. Live cattle and hog markets also softened with lighter receipts noted.
A long OCR list of grocery items highlights prices and products from a public market, followed by a note on Bradstreet's weekly review showing stability in securities and grain with brisk activity in raw silk. It also reports on National Thrift week and a Seattle real estate meeting advocating home ownership, plus a call for bids for $5,000,000 in soldiers bonus bonds from Olympia.
Portland market shows cattle receipts of 476 head with steady prices and cheese prices noted. Denver cattle receipts at 1,706 head reflect steady to top market with steers at 9.50 and cows and heifers near 9.12 to 9.25. sheep receipts 1,700 head with higher prices for lambs and ewes.
A list of individuals with ages and partial addresses appears in a local vital statistics snippet. Names include Josephine Meyers 46 2002 14th, Ames Mier iu 124 Broadway N, John Richter 72 6717 Orcas at, Charles Cole La 1 812 N. 47th at Mulican, Elizabeth Cole 67 68 W. Etru rin.
Dr. Benjamin S. Paschall, inventor of a new cure for tuberculosis, will treat 100 ex service men suffering from the white scourge pending the approval of the U. S. Public Health Service. He will have the cooperation of Elmer J. Noble Post, American Legion.
New York January reports say Danish butter may lower prices in the United States as shipments rise to 50 million pounds a year. The Danish Consolidated Cooperative Creamery Association expands refrigerator service for transatlantic shipments while market observers note a temporary price drop. American producers are not targeted, but Denmark seeks to create its own market, says agent Mades Sondergaard.
Councilman Thomeon chairing the utilities committee announced Thursday that the Lake Burien line is the worst White Elephant in the city’s management. He said the city loses 11 cents per car mile on the line and that Burton road has always been a loser.
Tokyo reports the foreign office refused to comment on extending California anti alien land laws to all aliens. Observers say if enacted Japan would have little ground for protests based on discrimination. Also noted are W. O. W. installation ceremonies with C. O. Smith named past consul commander and other officers installed.
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