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Newspaper
Seattle Star
Location
Seattle, Washington, United States of America
Date
Oct 22, 1920
Page
15
A Japanese price collapse leaves warehouses full in Yokohama and Kobe as exports fall. Mills reduce output to 60 percent, banks tighten credit, and government funds support prices while logistics suffer and ships sit idle.
Henry W. Grady, head of the bureau of foreign and commerce trade commission, spoke at a Hotel Sorrento luncheon about postwar opportunities in the Pacific. He said European fiscal woes will restrain trade until they resolve and urged seeking new markets such as Australia New Zealand the Far East and South Africa to finance the return of prewar trade.
Dawson reports the steamer Washburn of the White Pass fleet struck and sank on the upper Yukon near Little Rock. The season is far advanced making salvage unlikely before winter. no lives were lost.
The House committee on Navy Yards and Docks will tour the Pacific coast and visit San Diego on November 26. Congressman William Kettner announced the plan as officials inspect navy projects during the stop in California.
The rerigged U S ships Monitor and Katherine Mackay completed the first leg of a voyage to Australia. Monitor under Capt Alf Hansen reached Sydney with gear damaged by theft and will sail to Melbourne and Newcastle. Katherine Mackay under Capt H H Hansen arrived at Newcastle after a swift Columbia River trip. James Johnson, a barkentine, sails from Samoa with copra and will later head to Puget Sound for lumber.
The American fishing vessel Livingstone ran aground on the coast near Prince Rupert after her hull was split by a drifting log while outbound from the Dibbie Island area.
The Whatcom collided with the Kingston while docking at Colman dock. Little damage, no injuries, but a small fire started on the Kingston which the fire boat Duwamish extinguished. Weather report notes cloudy skies and south winds at 12 mph.
A dense roster of piers, ships, and docks across Puget Sound and Alaska, including Mastern Leader Edmore Kashima Maru and Northwestern Steel areas, notes on mooring buoys now 18 feet in diameter and 15 tons. Entries mention Admiral m and various vessels and yards such as Heffernan drydocks and Went Seattle elevator.
The document lists balances of 1,028,618.00 and 2,411,209.00 with 107,412.00 in another account and Spokane clearings at 746,558.00. It also shows entries of 776,222.00 and 198,869.00 in earings balances.
The Chicago live stock market shows receipts of 18,000 head with cattle and calves weak to lower, with specific prices like 76 for beef and 12.00 for certain cuts noted. Hogs, sheep, and other livestock also appear in reduced demand, with calves and feeders reported and cattle receipts around 6,000 head. Foreign and domestic markets drift higher for currencies, coffee, and sugar, while Portland and San Francisco markets reflect steady or unchanged trends for hogs, sheep, butter, eggs, and cheese.
The New York Stock Exchange opened higher with gains in Mexican Petroleum Baldwin Locomotive and Pan American among notable advancers. A late session dip followed Judge Gary’s remarks on steel price cuts, but most issues ended with mixed to higher prints and an irregular close.
Wheat rose above the $2 level on the Chicago Board of Trade amid renewed demand. December wheat opened at 1.5% and closed higher. March wheat gained as well. Corn and oats followed wheat higher. cash wheat quoted around $2.02 to $2.04 for No 1 spring.
An organization meeting for the university extension course in business correspondence will be held in room 1044 of the Henry Building on Monday at 7 45 p m. The class aims to train skilled letter writers and provide instruction for men and women in secretarial and stenographic positions.
Carl Gray president of the Union Pacific spoke at the Chamber of Commerce luncheon in Roome. He attended with more than 20 members of his party as honored guests of the chamber.
CC. A. Livingston was struck by an auto at Fifth Ave and Jackson. The incident injured his hip and occurred near his home on Wiret Avenue. The driver noted as Gi. Anderson from Boylaton Avenue was involved.
A jumble of names and addresses presents births and marriage licenses with varied spellings and locales. Included are individuals such as Maki Frank El, Pearson Warh bor Landauset, and Kaatrner Jack, plus numerous addresses and occupations. The list also records dairy, poultry, and farm product prices, with prices for butter, eggs, cheese, meat, hay, grain, and feed across multiple regional suppliers.
State Fish Commissioner Darwin says Spokane could buy spawned salmon from hatcheries at 7 cents a pound for retail, if Seattle pays 15 cents and Spokane sells at 60 cents elsewhere. Spawned salmon is considered wholesome for food by experts.
Market notes show pumpkins in strong demand through Halloween with beet varieties selling as low as 3 cents a pound. New crop dates appeared at 74 cents per pound, cranberries quoted at 4.75 and 50 per box, apples weak as cool weather dampens fruit and vegetable demand, butter and eggs steady.
The wholesale sugar price will rise by $1 on the next lot arriving in Seattle. Retail prices will stay unchanged for several days or until current supply runs out. Industry sources expect the move to be a temporary market flare.
In New York on October 22 H M Gary chairman of United States Steel told the American Iron and Steel Institute further price adjustments are needed. He urged voluntary price cuts and orderly reductions across lines to avoid excessive profits, stressing mutual confidence and cooperation between workers and employers and a fair, general decline aligned with supply and demand. He also noted conditions in France and Belgium where reconstruction will take years.
Washington October 12 and October 22: the American Bankers association called for immediate repeal of the excess profits tax and revision of fur tax rates. H M Robinson of the First National Bank of Los Angeles urged reforms to aid farmers, favor middlemen financing, and reduce crop price pressures during harvest. He cited farmers cooperatives as potential benefits but warned against overgrown groups harming nonparticipants.
The Merchants' Exchange plans to form a new bureau of butter and egg dealers in the city. The dealers joined the organization in a body a few days ago to create the division.
A scanned market page lists assorted groceries with prices across stalls including canned corn dill pickles jam jelly butter salmon oysters and meat items such as beef lamb and trout. The note includes staples like flour milk soap and cleaning products with prices and stall numbers.
Dr D M Angus a Tacoma physician was arrested by IRS Inspector Ralph Latham and held on 2000 bond after agents found over 1000 dollars worth of morphine and cocaine in his apartments. He carried an ounce of narcotics and letters showing sales terms. He had pleaded guilty to narcotics traffic last spring and was fined 700 dollars in federal court.
Abel Milholland, 57, a section hand, was instantly killed by a Skykomish local train two miles north of Bab lard at 10 a m Friday. He lived at Western avenue and Battery street. He left the section to fetch a bar and was struck as the train came around a curve. The body was taken by King county morgue.
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