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Newspaper
Seattle Star
Location
Seattle, Washington, United States of America
Date
Nov 03, 1921
Page
6
Chicago businessmen watched a dramatic decline in wheat on the Board of Trade as prices swung to and below the dollar mark. Traders and grain magnate James Patten commented on the collapse amid low demand and weak European credit, noting the market’s new reality for farmers.
San Francisco November 3. Railroad officials reveal large price reductions on many goods moving East from the Pacific coast. Reductions reach 20 to 50 percent on items such as dry goods machinery canned goods vehicles glass drugs iron steel tin plate pitch turpentine resin furniture cash registers and coal. Coal drops from 83 cents per 100 pounds to 62 1 2 cents. Frozen and cured meats fall from 3 31 2 to 2 per 100 pounds. Flour declines from 1 11 to 1 1 2 cents per 100 pounds.
President Harding played a morning round with Scottish comedian Sir Harry Lauder in Washington. Lauder wore his usual kilted attire despite a cold wind as the pair enjoyed a social golf session.
Fresh from overhaul the motorship Kennecotts leaves Seattle down the Sound to complete a cargo on her third Seattle New York trip. Weather report notes Tatoosh Island area barometer falling with cloudy skies and north wind up to 36 mph. Ships passing include Katya Maru and President.
Nov 2 to Nov 3 port calls and sailings across Seattle, Tacoma, Portland, San Francisco, and Balboa. Vessels include Yosemite, Wilmington, Restorer, Peon, Admiral Goodrich, and Kennerott with arrivals at San Pedro and Puget Sound stations. Also notes arrivals in Yokohama and Beattie area ports.
Multiple ships and steamers listed in port and en route from Seattle to San Francisco Yokohama and Nome. Vessels include Edgar Luckenbach Wheatland West Ivan Victoria Admire Farragut and President among others with positions distances and arrival times noted at Smith Cove Terminal Pier and Puget Sound ports.
The Federal Reserve Board announced reductions in re-discount rates at eight of the twelve banks. New rates shown include Chicago St Louis Kansas City and San Francisco at 5 percent. The cuts reflect easier money markets and banks with over 60 percent reserves anticipate further reductions.
Miss Gladys Hastie a Broadway high school graduate and University of Idaho senior will represent Idaho women at Berkeley Cal next week for a women’s intercollegiate conference. She is the daughter of A W Hastie of 908 Reren Ave.
In Washington on November 3, four major brewing firms apply to Commissioner Haynes for permits to distribute medicinal beer to drug stores nationwide. Approval expected soon as the applications move toward action.
Victory 4 percent bonds sold at par in New York on November 3. Shortly before noon $500 of the issue sold for $100, up 40 cents. The bond's record price is $100.48 and the lowest recorded price is $94.70.
Mrs. Ida Hammonds filed Thursday for divorce from Glen Hammonds citing alleged grounds with named individuals involved. The action centers on marital dispute and seeks dissolution of the marriage under applicable court procedures.
Opening on the New York Stock Exchange showed generally higher prices after a 44 1 2 percent cut in the rediscount rate and optimism over a coal strike settlement. Gains were modest, with leaders like General Electric approaching new highs and steel shares edging up, while rails such as Northern Pacific posted early strength.
Chicago wheat futures fell below 1.00 a bushel after a brief rally at the opening. Export demand was slow and prices trended lower with other grains. December wheat closed near 0.99, corn and oats also eased, cattle and hogs showed mixed to steady gains with larger receipts.
Hugh J. Magill of Washington D C secretary of the National Educational Association will be principal speaker at the members council luncheon of the Chamber of Commerce Friday noon at the Masonic club. The Bank of California quartet will sing and attorney R H McKay will address on Advertize Your Guy. The quartet includes B A Anderson J D Mitchell Einar Sandstrom and W A Heath with H J Nutt as accompanist.
The Seattle Chamber of Commerce foreign trade bureau urges Washington’s delegation to back Senate bill No. 209 for China trade, aiming to exempt American firms in China from all taxes except local Chinese levies. The Concentric Club plans a 12 15 Friday meeting at the Pig n Whistle.
Late arrivals of cranberries from Westport Washington hit Seattle streets on Thursday at 5 a box of one third barrel. Prices for other produce rose with lettuce reaching 2.50 a crate while California lettuce is due in two weeks at about 3.25 to 3.50 per crate. Eggs milk and dairy rates showed steady quotes and meat and poultry prices varied by item across local markets.
Princess Henriette Sava Goiu of Romania arrives in the United States as an advance agent for the queen and her youngest daughter who plan a forthcoming visit to America.
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