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Newspaper
Seattle Star
Location
Seattle, Washington, United States of America
Date
Oct 18, 1920
Page
6
John W. Hill surveys continuing price deflation and uncertain prospects for a revival in farm and urban markets. He notes record crop yields, cheap food but higher rents and coal costs, and warns that farmer losses may deepen while rail and industrial stocks drift lower.
A dense OCR style market list notes stalls at Pike Place Westlake Corene with items: pure sugar, milk, cocoa, walnuts, butter, eggs, coffee, syrup, cheese, potatoes, flour and canned goods. Prices shown in cents and dollars for numerous groceries and household items.
A compact maritime update from Seattle records tide levels and vessel measurements. The report references a first high tide and a second low tide with noted lengths around 68 feet, indicating harbor draft and berthing considerations.
Federal shipping board officials consider a $6,000,000 ocean terminal on 26 acres at former Skinner & Eddy yard No 2. Proposed three piers with berthage for 12 ocean liners and a five story warehouse would be financed by the United States Shipping Board and later bought by Pacific Steamship Co. The Pacific Coast Steamship Co would consolidate coastwise and overseas operations at the terminal, making Seattle a base for over 32 steamships.
G H Kirkpatrick presidency of Vancouver harbor commission was chosen president of the Pacific Coast Association of Port Authorities at the closing session. Vancouver was selected as next year’s convention site in Seattle.
Prices opened weak on the New York Stock Exchange with mixed moves across major issues. United States Steel slipped while United States Rubber and Anaconda fell. Mexican Petroleum rose slightly, and American Woolen and Sears Roebuck set new lows as market weakness spread amid strike news and rioting reports in London.
Chicago prices slide as rain and heavy receipts push losses across wheat corn and oats. December wheat opens at 2.12 then slips to 2.05% while March falls further. corn opens down 1% and opens and closes lower. oats weaken with May contracts tumbling as selling broadens. Livestock also softer with cattle receipts around 24 000 head and hogs about 20 000.
At Philadelphia Greenwich Point piers foreign ocean going vessels now use an automatic coal loading machine. The system, borrowed from Great Lakes practice, coals a seagoing craft in under thirty minutes with 50 tracks and 1000 coal cars feeding a thawing shed and elevator like dumper. The $500,000 device handles record volumes, with foreign leases spending $1 million monthly. Last month 306,700 tons of coal were loaded.
Mrs Edna Haskell Carleton seeks a police widow’s pension in superior court today following the death of Sergt Guy Carleton. The claim alleges he was shot by fellow officer Charles F E Roselius after an alleged late evening encounter with Carleton and Mrs Roselius. The police pension board denied the pension citing that Carleton was off duty at the time of death.
On October 18 in New York cotton prices dropped 30 to 40 points at the open as fears of a British coal strike spreading to other industries spooked traders. Most options hovered near 18 cents, spot month at 19.45 cents off 5. A rally followed from short covering and Liverpool buying. Cables forecast Lancashire spinners would idle by week’s end. Federal Reserve Board signals to aid farmers to hold crops spurred hedge selling by Southern interests.
Foreign exchange opened lower with sterling at 3.41 dollars, francs 6.470, lire 2.880, marks 1.43, and Canadian dollars at 0.90 lire. Cables and other rates fell slightly, with most currencies down a centime or two.
New York sugar and coffee price listings show refined sugar at 9? per pound and Demerara sugar at 8? per pound. Coffee markets list Apot No. 7 at 1 1/2? cents per pound and No. 4 Santos at 11 1/2? cents per pound.
Portland market reports show cattle receipts at 2,615 with steady to weak prices while hog and sheep counts move modestly. cheese triplets and other dairy items noted. In San Francisco, hog products command 60e per lb, turkey prices around 90c per lb, and various chickens and cheese values listed with firm oats and price ranges.
Professor Howard Woolson of the university sociology department will address the Municipal League at its weekly noon luncheon at Meeres cafeteria Tuesday on The Laboratory of Municipal Statistics. He previously worked for the government during the war to eradicate vice districts near war training camps and will share experiences. Dean Stephen H. Miller of the University of Washington will speak at the Seattle Association of Credit Men dinner in the Masonic Club rooms Monday evening.
The sole car of Almeria grapes reaching Beatle was reported Monday by Western Ave jobbers. They come in 2 pound drums with no price set as dealers pool distribution. Cantloupes were scarce. casabas and ice cream melons were plentiful and moving fast. Cucumbers at 75 cents a dozen for stock not very good. Butter and eggs unchanged.
The list itemizes wholesale and retail prices for nuts dairy poultry and feed products across regions including Wisconsin and California. It covers almonds pecans peanuts and walnuts, dairy like butterfat and creamery items, poultry like dressed fryers and hens, hay grain and feed components with ton and per unit prices, and miscellaneous items such as shells meal and grit.
Aunt Mary Richardson claims she is the long lost daughter of Henry W. Putnam and heir to an estimated one million dollars. Putnam, who died in San Francisco in 1915, founded a fortune after inventing a safety pin and supplying water to the city, while Mary was raised in an orphanage and later identified by relatives in Ohio.
United farm groups in the United States and Canada are asked to help suspend wheat deliveries from farms to market at 9 p m on October 23. The move aims to stabilize the price at 3 dollars per bushel at the terminal market. The proclamation comes from officers and directors of the National Wool Growers' Association. It cites production costs on a ten year average yield per acre.
Motorcycle Patrolmen stopped a car at Biathave and King streets arresting C Hambler 21 HM Sawyer 25 and Tom Young 36 for auto theft and possession of a 41 caliber Colt revolver. The Hudson car carried a license to C E Mansengale Tacoma.
Six members of the Kutta family, living ten miles south of the city, are starving. The mother recently delivered a baby and has had no food for days. A 8 year old wears one shoe on the wrong foot, and another child is nearly unclothed. Walcott appeals for food and clothing. donations can be delivered to his office at 17 takes.
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