davidaulloa/AmericanStories huggingface dataset:
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
LIBERTY BOND
PRICES WEAK
Official Explains Reasons
for Present Market

WASHINGTON. nov. 2>--Liberty
bonds are weak and saggtng." say
Wall Street reports. quoting the va
rious Issues at from 90 plus 70 ss.5.
Now, tho finest securities OF tho
richest government in the world.
drawing mostly AZ per cent net,
ought TO bring par or better most
any timo and place.
Then why the depression7 This is
what the writer went TO Uncle Sans
treasury 20 find out. and this is what
high official OF that department
said in reply:
There are two reasons for the De.
preston First, the general belief
that tho coming congress will pass a
soldier bonus bill calling for the Is
sunnce OF more government eecuri-
tvs. estimates ranging from two 10
four billions. Naturally with the
prospect OF such a tremendous I'M
crease in the supply. the demand
Says more or less. Even the richest
nation in the world cannot digest SO
much without gulping bit
THE second reason is more subtle.
and involves our old friend. income
tax For the period from january ].
1921, TO July 2. 1923. the total posi-
BILE exemption from surfaces and
profits taxes TO the holder of Liberty
bonds amounted TO $4,000. That is
10 say, It was possible for the holder
Of Liberties TO be exempted to this
amount. But on July 2 last the total
possible exemption was reduced 10
SIS. 900.
"On July .. 1928. all exemptions
on Liberties viii be off forever. with
tho exception OF the original sll's.
which are absolutely exempt from
everything. Hence wealthy holders
of Liberties are still unloading at a
terrific rate. Ono big bond firm in
New York has exchanged more than
500, 100000 Liberties for tax ex.
empts In the past 80 days. You can
hardly beat these rich tax dodgers,
now. can your"
Which explains why Liberties are
weak and sagging."
All OF which is good news TO Eng
land. for by the terms OF the debt
funding agreement. Liberty bonds are
accepted at par on interest and prin-
cipai OF the debt. so that II Liberties
can be brought down to 81. for exam.
pie. a very probable arrangement,
Great Britain can save $4,000, 900 on
every 500. 600, 900.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Financial Flashes
From James Macfarlano q Co.
Sll Second Ave.

Twenty Industrial stocks average
1888. an Increase OF 2.s2; 20 ran
stocks average 1882. an increase OF
liz.
Idaho Gold & Ruby broke In
Spokane from 20 cents to Ga
cents today, indicating collapse Of
another promotion deal.
Eleven vessels due In Atlantic
ports today are bringing 10000
immigrants.
France viii not abandon presen,
policy. says Poincaire.
President Wood of American Wool.
en-, says condition OF company is in
every respect highly satisfactory.
Sears Rocbuck sales October.
S22,J00,00 against $50 100000 In
October year ago; ten months
sl74,000,000 against slil,OO0, 900.
Pan American brings in new well
initial Flow 5000 barrels.
Baldwin locomotive shipments
large October shipments reached
highest point this year.
With IA wells completed drilling
and either cemented or baillng for
production, Signal Hill, Los Angeles,
promises flood Of new output within
ten days.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
New Issues

DrexcI & Co, Halsey, Stuart & Co.
and Stone C Webster arc offering
si.l15,000 Electric RAILWAY Equip.
ment Securities corporation go
equipment trust gold certificates.
trust of November. 1923. These Ger.
tiflcates Issued under tho Philadel.
phla plan, will mature quarterly.
February !. 1924. to October 1. 1923,
at prices 10 Yield from $3.50 for tho
earliest maturity to go for tho 1923
mnturities.
The payment OF rentals sufficient
to pay these equipment trust ccrtifl.
Gates and their dividend warrants, as
they mature. is Internationally gunr.
anteed by the Electric Railway
Equipment Securities corporation, all
of whose capital stock is owned by
General Electric Co. Westinghouse
Electric & Manufacturing Co. and
tho j. q. Brill co.
Dillon, Read e. Co. nro offering n
100000 OF State OF Oregon gold
~ per cent highway bonds, dated
October ], and due scrlally April I
and October !, from 1920 10 1928.
The bonds AFRO issued In denomination
Of $1,000, ond interest In payable
gemiannually. Tho bonds AFRO or.
fcred Mt prices to yield from 4.io TO
$50 per cent, depending on tho ma.
turity 1922
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
ROADS DECLINE
GRAIN RATE CUT
Coolidge Suggestion Is Not
Practicable, They Say

WASHINGTON, Nov. 2,-Easisrn
railroads formally notified the inter
state commerce commission yester-
day that they cannot aocsde 20 Presi'
dent Coolidgo's recently expressed re-
quest for reductions In export grain
rates 20 aid farmers dispose OF their
surplus wheat.
A delegation Of leading railroad
executives called on Chairman Meyer
OF the commission today and in.
formed him that IN the opinion Of tho
railroads such reductions would not
achieve their purpose
Tho executives pointed out also
that II was "impracticable" 70 con.
fine the proposed reductions 20 East.
ern roads. because the Western roads
would be forced 20 make correspond
ing reduction on export wheat thru
che Gulf and Pacific ports. and ex,
planned that tho Western roads are
in no position 10 stand any reduction
In their revenues.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
LIVE STOCK
Quotations mt stockyards
FLOUR AND SUGAR
Vyt,aIe.alo priCea
HAY, GRAIN AND FEED

Alfalfa liay--Tirst grade. 1000
straw NEUTRALITY-SUSPICIOUS.. 1900
Corn --Whole, yellow, 1903 ...,.... $500
Cracked ana feed meal, i0c's.. $500
Iaricy---Whole feed. i00's...,......ta.00
Rolled ana ground S0'a.i00'B. 90
Onts---Wholo feed. 1904 s.ss.......ts,00
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

the market 90 cover new orders for
copper and brass products. This
basic reason for tho present low point
Is IN itself a strong argument for
heavier purchases aud consequent
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Building Is Active
at Carleton Park

Approximately $4,000 worth OF
homes are already under cons,ruc-
ton In Carleton Park, in the Phlnney
addition on Magnolia Bluff. accord
ing to totals announced Thursday.
The remaining unsold lots In the
park are to DO sold Saturday at auc-
tion.
Among those who are now erect.
ing residences in this district are
Capt. John A. Flanagan. A ]. fri.
bach. and b. G.. Owen. An unusual
residence Is under construction for
Henry HIKE, OF tho Seattle Lumber
company. who IS building two-story
English stucco house OF is rooms. In
accordance with plans prepared by
Architect Roy +. Rogers. at a cost
Of $4,000. a feature OF this house
is a large ballroom on tho ground
floor.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

following year to rs present loea-
ton.
II has had a remarkable growth
IN this location. ana It's directors,
realizing tho value OF continuing in
tho Same location for long period
Of years. recently opened negotia-
tons Tor the control OF the build.
inE, Tho present lease was closed
thru Russell Ulrich OF Carter. Mac
Donald 4 Miller, agents Of the slim
son properties. Is REGARDED al
mutually advantageous and has
been approved ~ the state banking
supervisor.
Tho directors Of tbs association
are Winthrop v. EDDY. president
g. c. Pierce, vice president: q. C.
Phillips. w. @. oyler. DR.. c. T.
Guthrie. l.. +. Jones and A. j..
Pierce. SECRETARY.
a. y. Pierce Gays they have no,
yet formulated definite plans for
Improvement or operation Of the
building. except that early in the
year the entire front OF the build
ing win DO changed 10 white terra
Gotta 90 correspond with tho class
and style Of the other first class
buildings In tho uslghborhood.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
CARDS TO TELL
OF n. ". GOODS
Chamber Committee Plans
Window Display Campaign

Plans fer assisting retail stores 20
feature Northwest products IN win
dow displays were completed at the
meeting OF tho Northwest Products
committee Of tho Chamber OF Com.
merce Thursday noon In the Seattle
hotel banquet room. L. X. Loose OF
the Northern IAfe Insurance Co,
chairman OF the sub committee In
charge OF the project. displayed sam.
pies OF window cards 10 be used Ia
connection with displays Of goods
manufactured In tho Northwest
AZ tho top the cards bear. In large
letters. the words. This Store Be
lieves In Selling Northwest Prod.
ucts." Beneath Is a sketch showing
factories In operation. followed by
the words. because in doing so fac
tories are kept busy. Jobs win be
plentiful. population viii increase,
taxes will he reduced" The cards
win DO sold 10 manufacturers az cost.
10 be distributed by them 10 their
retail customers thruout tho Paci.c
A"At AAAHfN4Az
+. Rex Smith OF the Crescent Man.
ufacturing Co. commenting on the
program OF education the committee
Is planning. stated that II was ono
that deserved the hearty cooperation
OF all classes and interests.
The uso OF home products Is n
practice that ought 20 DO preached
by every community IN tho country"
he said, ION account OF its basic
economic soundness- BY stimulating
the purchase OF such goods as arc
manufactured within a short radius.
not only Is the community itself
built up. but general production Is
profited by the elimination OF n lot
OF waste IN the form OF tho cost OF
needless transportation. ns well as
in many items OF selling costs
III every community was taught
70 give preference TO tho goods that
were made close 20 home. II would
amount TO an enormous saving that
would. IN the end. not only reduce
costs and prices. but would build up
a sound prosperity in tho country as
a whole"
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

Business OF Studcbaker md its sub.
salaries for nine months ended Sept.
30 exceeded that OF entiro year OF
1922, according to statement made
public by president OF the company,
nltho business OF tho corporation for
fourth quarter OF 1923 will BIO slight.
~ below that Of third quarter. Net
profits after taxos and reserves Of
the corporation md subsidiaries for
quarter ended Sept. 20. were $685.
07e, compared with tf,4s3,973 in pro.
vioug year. For nine months ended
Sept. 30. they were siS,220,254
against si5,G4o,37a.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Urges Square Deal
for Manufacturers

A square deal to manufacturers
viii do moro 10 build the community
than much advertising OF It's scenic
and climatic charms. John II. McTn-
tosh. general manager OF tho Asso-
cIated Industries OF Washington. said
IN speech Mt the meeting Of tho
Young Mems Republican club. Thurs
day noon. Hc declared that any po-
litical party. II II Is to endure. must
advocate sound economics. and that
the type Of laws in a state could aid
or hinder its Industrial development.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
TRADE TERMS
SCKII,


scrip" Is the term used to desig.
nate certificates issued by corpora.
tons emitting the holders to receive
certain amounts OF cash. stock, bonds
or other securities Such certificates
are Issued for number OF purposes.
IN lieu OF cash dividends. in which
case they are usually payable at q
certain time and bear interest: 70
represent fractional shares Of stock
when stock dividend" Is declared
20 represent fractional shares OF
stock or fractional portions Of other
securities In a reorganization. When
scrip represents fractional securities
~ usually has market value based
on tho market value Of the fun Ger.
itificates which u represents.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

Arrired--sov. .-str Admiral Dewey
from Los Angeles via San Francisco. at
1890 .. m. afr Alaska from Tacoma.
a, 1855 a. m. Nov. Str Wilmington
from Tacoma at q. IN.
saiicd--Noy. l---s,r Admiral Hodman
for Port Angeles at 5i4s p. M; str ILL.,
Han Bsckenhaeh for Boston via san
Francisco. Los Angeles. balboa and New
York at ss4s y, M. ctr ka,sura Masg for
Tscoma, AZ $3.50 p M: str Dorothy
Alexander for Los Angeles via Han Fran
cisco at , p. ma; str weatham for Ta-
coma At 1870 y. IN. str Lottio Hsnnstt
for Los Angeles in tow OF Dolly HeA. a.
1890 a. M. str Kswause for Ban Fran-
cisco At n. M. str chincha for New
York via Tacoma. Onion Bay. Vancouver.
-. c., Everett San Frsnoiseo, L1s An
Esiea ana Balboa. AZ q. m.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Dempsey Buys Los
Angeles Building

Los ANGELES. Nov. Jack
Dempsey. heavyweight champion OF
tho boxing world. is investing his
Firpo money in bonds. according TO
an announcement made today at the
local office OF 8. w. straus & Co..
Investment bankers. Together with
Jack Kearns. his manager. he bought
+ an apartment house here early in the
year, subject 70 a a bond issue. with
his recently added profits he has now
called In 100000 OK the outstanding
bonds, giving him and Kearns. the
full ownership OF the building.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Bankers Council
Sets Meeting Date

NEW YORK. Nov. 2.-The next
annual spring meeting of the execu-
tive council OF tho American Bankers
association will be held at the Ban
Air.vanderbilt hotel. Augusta. Ca.
April rs to May 1. 1924. II is announc.
cd by l.. N. Shepherd. executive man.
nger OF the association.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Thurston City and
Country Men Unite

OLYMPIA. Nov. IA number OF
prominent farmers and business men
have formed an agricultural program
for the development OF Thurston
county agriculture. Tho program in.
cludes recommendations for dairylng.
livestock raising. poultry raising.
fruits. bees. soils and crops. market.
ing Of farm produce. fairs and public
relations. II was found from a sur
yey completed by County Agent f..
n. stookey. that Thurston county
farmers were producing si,5is.ooo
worth OF farm products yearly. and
tho new program Is considered TO be
a step forward in uniting tho city and
county.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Nome Gold Industry
Reviving, Says Daily

Nome is on the threshold OF an
other big development in the produc.
ton Of gold. according TO James b.
DAILY DAILY. Nome agent OF tho Alaska
Steamship Co. who has Just returned
70 Seattle. He stated that three or
four million dollars win be spent in
Nome next year for dredges and
other mining equipment.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
NUMEROUS DIPS
IN GRAIN PRICE

CHICAGO. Nov i,--OrAin prices.
after numerous dips and rallies,
closed lower on The Chicago broad
OF trade today.
Good buying power that featured
an upturu IN wheat prices died out
after a midday rally and as result
the market closed lower.
Corn slnmpod late when weaknsss
developed in the sample market Re-
ports Of crop damage ~ excessive
rains diminished s1 the close.
Oats ftuctuatsd with other grains,
The market lacked features.
provisiona were irregular. lard
closing higher
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

TRIESTE. 1taly,-Tho project OF
Trieste has docrccd that al foreign
language newspapers In tho city
must publish full Italian transln
tion, In typo OF equal sizo of every
article, communication and advertise
ment In their. columns, Failure &c
comply will mako the papers subject
TO Representation.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
=. BUSINESS-Fmance Produce Agriculture Shipping Real Building
NelD York Stock Market
WALL srnrrr JounNAsL FINANCIAL REVIEW

combined FEDERAL ralio hat
building
the
q
established early Thls encouraging outlook for
oadinEs million
helped sentiment prices maintained strong tone
the dealings
while
Baldwin Smelling OF sinclair 49,
oil a.
"a.
Iaef lse i General Motors F 81 Paul sh up A Marine
Pan-A H. Eit.t Americ Can tG -
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Foreign Exchange

NEW YORK. Nov. i.--For.iEn .r-
change opened steady. Sterling. demand.
,l4ss francs io.o5ssh: lire. fo.ottpM ;
Belgian. sooso2. marks, 400, 900. 600, 900.
Tho foreign exchange market closed
lower. Sterling. demand. st.tTa: cables.
st.tsA, off y francs. demand. io.obssis :
cables. to0ssT. off so0o0oh: lira de-
mand. to.otiaB: Belgian francs. de.
mand, io.oissis. marks, 200. 1000. ooo. 900.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
N. Y. Sugar and Coffee

Thursdays Quotations
Surar--wsak. raw. 1895 refined. apis'
GRADUATED. fs.tegfso.
Csff~w ITO. on spot. iiLfimo
10. No. Z Hsatss. iGgisAa ID.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

AtchIson net operating income first
nlno months 1898 Mt annual ratio of
15.1 per cent on common against 10
per cent first eight months and &c.
tunl earnings Of t2.a per cent in
1922.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
San Francisco Produce

THURSDAYS Quetatieus
Bast~r--Estfss. size IN. prime firsis.
aIs ID fsfsss tee u.
TTrs Extras. sic dor. extra pnIisss.
s9e Dos: undsfsstsd pallets. t.e dos.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Ford Has New High
Production Record

DETROIT. Nov. Ford Motor
production for tho week ended octo.
Der 30, reached a new high record
OF 1921 cars and trucks; 5O2 above
previous high mark September 25.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Copper Industry Is Due
to Prosper, Says Babson
Low Prices Part of Stage Setting for
Buying Movement

Z L l. r s l. u Y
II l l. l. &. Mass .
Nov. Copper
securities az a new
low for tho year.
reached during the
last two weeks.
have stirred the
interest Of the IN.
weston Roger w.
Rab3on's survey
on the industry II
particularly help
ful In this oonnee.
,lon. In a report
Of his findings. Is.
sued today. the
stasls,lclan mic.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

Denver Live Stock

IHuffdhTs UuHfaFIhHf
Cattle Receipts lass! market, STEADY.
n.sf stssrs fsugto. COWS snd hsifsfs.
ttel.fEs calves. ft8tte. stpshsfs and
feeders tt9T.gt. bulls. ts.ts0s.
HeE. -g1esipss 1000; msFkss- itcste
Loser Tsg. $3.50. bulk. iT1T..s. piEs.
tsEecs
sheep Receipts, 1853, market. STEADY
Lambs. ftftsGtsae. feeder lambs I'll
gi.! ewes, fsIkfb
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
SEATTLE MARKETS
VEGETABLES

cThs prices given arc thoss made TO re-
tail dealers BY wholesalers with . few
seasonal exceptions. prices 90 producers
can DO figured b. dsduetinE the cost Of
transportation 10 Seattle and approri-
Hsisiy it% for hauling. storage and
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

First Low Tide
sst4 a. ra.. 10 q.
First High The
~ 90 m Tia a.
second Low Tide
s9s p m So n.
second High Tide
iisii .. N. 50 H.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Chicago Board of Trade
Cash Wheat

red. ttsfA oi.et. SO. ! hard. ii.ein
cib3s No. . hard. ii.sfA ulei.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Portland Produce


Thursdays Quotations
uuttrr--te q sc IL.
Iluyinr price. t.etse cas, cell.
inr price, 50 q $50 dns.
cisese~~sst Z d 80 ID.
uetns s q sse 10.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Liverpool Grain

wheat opsa HiKh low cicss
Dee -. 90 tYd tstad 10 eHd stsd
Mar. 49,. tsfssa nt a tz Tt.d tel q
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

West Const Iifc Insurance Co. has
taken additional space at 1898 White.
Acnry.Stunrt building.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
POULTRY AND MEATS
pri,.a paid xyholeealr nnaIrr.

Ducks--Dreascd. per Id. ...... 30
Uens--Drossed. heavy ........ 400 az
Dressed, iiRht .............. 100 40
Live, heavy. Id. ............. rs
Live, light. Id. ............. 40
Brolirrs- Dressed. per Id. 500. 40
Geesc---Dressad. per ib,........ as
Turiscys.-Fancy. dressed $500. .4t0 40
Live. fancy lib. .....,...,.... "a
Belgian ilnres--Liye, per lb... II
Dressed. per 10. ............ 400 20
Cows Country droused, lb..... 900 .os
Iog---Fancy block ........ 40 IAN
yral--rnney. light ............ $50 10
Heavy coarse .............. $50 10
Medium. dressed .......... lao ia
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02

TAToosH ISLAND. Nov. .,--g A. AZ
Barometer rising. partly CLOUDY. wind
south. u1tIss an hour.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
DAIRY PRODUCTS
Prices raid 20 shippers
DAIRY PRODUCTS
POULTRY AND MEATS
Prices Paid Wholesale Dealers

BroiIsrs--Pcr ID. ............. 80
Cnpons--liyc. Fat. per ib....... 80
Fancy d. y, .......u,....... 81
Hrns--4s lbs. and np........ -
Medium. live, y 90 81 ms. II
Live, lights. q TO sis ihE.,... ia
%. p. cents above live.
Cecsc---ivc, fat, 5 TO ~ MS. 1t
Belgian Hares--4 lbs. aud up. Ia
Turkeys d. D.. young =. .5a1 &c
Live. fat per 10. ...,ss.,.... $40 80
Roostcrs-oid, live. per ID. -. III
Hogs
Choice light ............. II
Fancy heavy. 10000 lbs. (. .ng1 10
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
Building Permits

Anthony Plclnish. ss4o 18th s. w, franc
residence. 26xSa, $1,000.
j. w. Orphan, 1908 westlaks N, franc
residence. sixss. $4,000.
Mrs. l.. Mason. Sia Il. Mercer. hotsi,
$3.50.
Board OF estimates adopts 1924
budget OF sS75,462, 900; an increase Of
s22.l17.0 2i over 1923.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02


lures tho situation clearly.
''rhe copper industry has for some
time been rolling in the doldrums OF
low prices and depressed marke, con.
ditions," says AFR. RabSon. Prom
August, 1891. turnout 1894 and into
tho first quarter OF this year, prices
moved steadily upward. In March a
temporary reaction set IN and during
tho past seven months tho trend has
been markedly downward. Present
quotations are on par with those
OF the early part OF 1923.
Apparent domestic consumption.
since the low points OF 1891. has con.
tinued In an uninterrupted rise.
About zoo. 900. 900 pounds were con.
sumed by domestic manufacturers
during 1921: LOO. 900. 900 pounds dur.
Ing 1899. and an estimate for tho
present calendar year places tho
amouns IA excess Of 400. 600 900. a
figure closely approximating that Of
maximum war activity during 1915,
EXPORT FIGURES
ARE IMPROVING
"The export situation f. compare
lively good and improving. Export
figures have risen steadily from
5o4. 900. 900 for the fiscal year ending
June. 1891. 20 an amount that will
probably exceed 75o. 200. 900 pounds
for tho present calendar year. This
figure Is In excess OF any previous
10 1912. and closely approximatcs tho
years Immediately preceding the war.
During tho past kevcn months
there has been no appreelahlo decline
In manufacturing activity. Actual
domestic consumption has had only n
slight recession. Exports have hold
well. Tho basic reasons for tho pres
ent low market Is found In tho clean.
Ing up OF stocks OF raw material
held by manufacturers.
Tho accumulation Of such stocks
inevitably accompanies n period OF
intense activity such as tho mills cx.
perienced last spring. for Il then be-
comes necessary to keep larger sup
ply on hand 70 insure uninterrupted
operation. with these 'greasingt
machinery stocks now reduced TO
about normal. fabricators must eater
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-11-02
BUYING MOVEMENT
Is IN SIGHT

higher prices,
BUYING MOVEMENT
Is IN SIGHT
AN indications point 90 the fact
that the stage Is being set for Ions.
awaited buying movement Nearly
every Appreclably upward turn In
prices has been directly preceded by
an abrupt drop IN shipments from
tho reiineries 20 domestic mills. In
September domestic deliveries were
only $4,000. 900 pounds. tho lowest
since early In 1893 and over so.Ooe,.
600 pounds below tho average point
for tho first eight months Of this
year
Copper buying has always come
In waves. Psychology enters tho
market In a persistent tendency 10
Follow the crowd. and IL often tho
deciding factor In the direction and
extent OF price movement
Another indication OF approaching
strength Is the length and ertsnt OF
tho declining market. Since tho lat
ter part OF March there has been no
halt IN the fall OF copper prices. a
study OF market fluctuations for tho
past 10 years shows that six months
u tho maximum limit OF n continued
s,,.t.. fravH