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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 28, 1913)
21 COFFEE NOW LOWER Gradual Decline Noted American Market. in ERA OF HIGH PRICES OVER Ked action In Pint Two Week Has Saved Consumers, on Their An nual Requirements, About $35,000,000. Thm hss. txwn a gradual cuing up of tttt-it prices, both wholesale and retail. In tna pait few week, but this commodity li atlll the highest priced of th grocery ll when everything la considered. Tha decline, however, la welcomed by Jobbers and roast ers, aa well aa by eonsumsrs, and It la to ba hoped the downward trend of tha market wnl not be permanently checked. It la estimated by experts that the saving by tha decline In tha paat two months te the American Nation on It annual consump tion of ,700.000 bags will easily figure ja,. oo.ooo. Tha ooffea market of recent years ha been a highly manipulated affair and, ac cording te well Informed circle, tha salort satlonlsta and their roaster allle have been carrying tha balk ot the coffee. It la not believed In the trade that they were able te unload any considerable portion at the late decline, and tha losses moat run up Into the millions. Thus one large Arm. which Is credited with owning l.SOO.OOO bags of options and actual coffee, la figured to be $3,000,000 poorer on paper, since there has been a decline of over $3 a bag. Other members of the trade have suffered to a lesser extent, but most of them were eom- - - . .w- i . . .1 , r V-a mmrkiit SS xnitieu iw mi ivu - -j " - well aa earning slocks of actual coffee. JUiwever. In a great many cases, handsome pronto were maae nunmi f of the past two year, and consequently the situation of the coffee trade la not so acti ons as might appear on the aurface. The success of tho Department of Justice In forcing the winding up of valorisation In tbls country, coupled with the passing of the Norris bill, which makes a revival of the scheme Impossible, undoubtedly did much to discourage tha bull, who In their ovrrweenlrm confidence felt that tha situ ation waa easily controllable. Moreover, in timation that the German and KTnoh gov ernments might follow In the path of tho United States and force the liquidation of the S.1OO.O00 baga held abroad for the ac count of the 6ao Paula government were not liked. .. , . . To cap tho climax, crop news, which hac been ot most passimistia character, ahowed a marked change for tha better. Where alx months ago there we wide spread talk of the eevere damasje done to the Santo crop by an untimely frost, predictions running as low aa T.0O0.OO0 baga. well-informed circlea now estimate the yield aa at least U.O00.000 bags, which would Indicate more than enough for the ordinary consuming needs of the world. The law of supply and demand la working - I. . . 1. .-rtff mm fa Other Mill- modltlea which have been high priced. It la Interesting to note that In the crop year V.WS-OK. when Rio Ta sold on July 1 at 7 cents, the total consumption of coffee In the world, aa estimated from the deliveries, was . 18.640.OO0 bags, wnerea in sue cmp r.H 1 -1 when mo is soia i It . ' j jIi-jii ,n it "in iii in This fall ing off of approximately 1.4O0.000 baga is ac-counted for by the Increased use of sub stitute and compounds, which could be sold In competition at lower pricea than the straight coffee and etlll net a good profit to tha distributer. Rio Ts wera quoted yes- troay on mo new im i 1 - . . . . At tho height of tho movement last Octo ber the price waa 15Vj cents, and In 110. before tha rise, tha market waa l cent. SPOT HOPS HQiJjrxo AT old p kicks lies Demand for Contract, AVlth t; rowers More Ready te OeU. Ther 1 a steady absorption of apot hopa at price that have shown but little change In tho past month. H. L. Hart haa bought the Lettenmeler crop of 83 bales at Aurora and tho Gallagher lot of 1 bale at oni Tamhill at 14 and 18 cents, also a number of other small lota at lO to 1-i cents. The rUeelhamroer lot of 2 bales, at 6ilverton, wa bought by Seavey Johnson at 14 cents. T. A. IJvesley Co. bought M belee from Charles Uveeley. of Salem, at IS cents. The contract market wa quieter. A num ber of growers offered the coming crop at 3.1 cents, but no takera were reported at this CPU re. A few small contract, ranging from fcOOO te 12,000 pounds, hav bees algned up at 14i and 14 cents. ORAXX TRADE IS AT STANDSTILL Lane Buyers Out or Market aad Fanners Not Offering. Ther I not enough business pasaing In the Northwestern wheat market to serve a a gauge to current values. Ths large buyers are out ot tha market tor ths most part, and ther Is no pronounced demand from any quarter. Holder ax not showing any anxiety over the situation, and offerings ar a meager as heretofore. Oat and barley are also dull and the milling trad la quiet. Local receipts. In cars, wera reported by th Merchants' Exchange a follows: Wheat Barley Flour Oat Hay Monday 21 8 HI 7 T Tuesday 24 11 4 2 Wednesday S X S 7 1 Tnuredey 1 7 t 2 Year ago 10 7 7 3 Reason to dat.lS.l.VJ 1S11 IS.6 12W 1SS0 Year ago 11. Set 31 lutT 1304 S2i4 BROILERS ARE IX STRONG DEMAND Light Receipts of All Kinds ot Poultry. Kjrga Are Meady. Reeoipts of poultry were light again yes terday. There was a very strong demand for broilers, which could not to filled, at SO cents, but buyers were not so ready to pay extreme prices for hens aa at the open ing of th week. Dressed meat price held their own. The egg market showed no Important change, galea were generally at 19 and 10H cent, with 30 cent paid for candled stock In a small way. Ther bas been n largo Increase yet In tho make ot cheese at Tillamook, but the decline In th East tends to affect values aero, although ther has been no reduction In local prices. Tho butter situation was unchanged. FLORIDA C KW'KrRlIT KELI-3 HIGHER Car ot Tomatoes From That Slal la Dae Tomorrow. A car of Florida grapefruit waa received yesterday and put on sale at tho new ad vanced prices of i and SJ.50. Oranges were firm and In fair demand, but until tho buy ing Improves, dealers will order sparingly from California. The appla trade wa of small proportion, six curs of banana war distributed in good condition. Arraragua was firmer at 10 cent, because ot cold weather In th South. Pea were quoted at Its cents. A car of lettuc ar rived acd It offered at $2 a crate. Th car of Florida tomatoes, which haa been ex pected for several days, will arrive Saturday morning. Bank Clearing. Rank clearincs of the Northwestern cities yesterday were aa foi.ows Portland Seattle .. Tacoma bpokar. Oeartr.sa. Balances. .l.iT3,7..2 KSo.Hill . l.i72.4L'i 2S2.:40 o-7.i".'2 oa.iiv PORTLAND MARKETS. Grain. ITour. Feed. lite. VHK.lT Track prices: Club. rto: blue atem. woi07c: red Russian, er.r; valley, fclc HARI-KV Feed. 'S per ton: brewing, nominal rolled. 2i Sou .'. per ton. COKN Whole, tiii; crocked. $i.'4 per ton. OATS No. 1 white, $-7 per ton; valley, U-ned. $-'4tf- Pr ton. ILOl'K patents, 4.TO per barrel; straigMs. $4 10; exports, WWal?5 val- ly. 4-70: graham. U-SO: whole wheat. (4 SO. M I LLfTtTFS Brsn. 20.5021 per ton linn, , nmw frni' mlillti Inra. S30 Oer ton. HAT Eaatern Oregon timothy, choice, 15 17: mixed. S10&13.60; oat and veten. lu; alfalfa, ,i:fl3; clover, : straw, . Fnlts aad Yegetsblee. TROPICAL FRCITS Oranges. Navels, 13.50b; 4.2.i: California grapefruit. S2.739 i. ' : r IDTIQI ,1 dJ.'Cll awv-vv. . - California. 7.30aper box. Sicily. IS per box, pinMpyica. v VEGaTTABLES Artichokes. I1.00L25 per dozen: asparagus, 10c pound: beans, 2Se per pound; cabbage. 1H per pound; eauiriiuwci, ,.ms -i j , 4.23 per crate: cucumbers, $2i2.o0 per j . - ' . nr. n .. vea.4 laftiine. JJ per crate; hothouse lettuc, OOcSlll per box; peas. 120 per pound; peppers, SOc per pounu; rauuuea, av. j. . . . barb. St? 7c per pound; spinach. e0oc per pouna, apruui. . , garilC. ,VW per puuuu. GREEN FRUIT Apple. SOc f 1.50 per DOS ICCOnilui 11 quauij. ONIONS Oreron. 90cff$l per sack. fired: new, lijdlUo per lb.; sweet potatoes. tc per puunu. SACK VEGETABLES -Turnipa. BOcOtl per sac: parsnip, i-u, v f -.a., rots. 0e (1 per sack- Dairy and Cowatry Produce. Local Jobbing quotationo: Pol LTKY Hens. 17c; broilers. SOc; tur keys. live. I$ft20c: dressed, choice, 23tf20c; ducks 17- IS,;: ceese. 12413c. tlKiB i'resh Oregon ranch, 13320O per dosn. CHEESE Oregon triplets, 17o; Young Amerless. nominal. hittter Oreron creamery butter cubes. Jc per pound: prints. JJtMOHc per pound. PORK Fancy. llHtfllo Per pouno. VEAI taooy, 1401440 per pound. Stapl Groceries. Local lobbln Quotations: BALM ON Columbia River. one-pound talis, 92.2S per doaon; halt-pound flats, $1 40; one-pound flats, f2.4o; Alaska pink, ens-pound talis, 8oci allvorsldaa, one-pound tans, si.za. HON E Y Choice. SS.2S0S.7S Dor ease. KUT;5 VTalnuta. 18o per pound; Brarfl nuts. I2HV1MI filberts, i4ie; aimonos, ISc: oeauuts. Bfimc; coeoanuts. OOct&Sl per dosen. chestnuts, llo per pound; hick- orynuts, Baiuc; peaan. itQ. pme, tin 20c HEANS Email whit. S 29c: large white, 405c: Lima. 0V4o; pink. 4. S5o; , Mexican, Set bayou. 4.65c. Et'GAR Fruit and berry, $5.25: Honolulu plantation, $5.20: beet, 15.05; extra C $5.75; powdered, barrel. 45.50; cubes, barrels. $3 SO. COFFEE Roasted, in drums. 21ttS40c per pound. SALT Granluated. $14 per ton; half ground 100s, $10 per ton; 50a, $10.7$ per ton; dairy, S12.60 per ton. RICE No. 1 Japan. 55tte; cheaper grades, 4fee: Pouthern head. 5Ofl4C- DRIED FRTJ1TS Apples. 10c per pound! apricota. 12914c; peaches. 8?yllc; prunes. Italians. SO 10c, silver. ISc: fig, whit and black. 64t7c; currant. Stic; raisins, loos Muscatel. 646 7feo; bleached. Thompson. Iliac: unbleached. Sultanas. So; seeded, 7SC8HC; date. Persian, I per pound; fard. $1.65 per box FIGS Twelve 10-oonce, 85e: 60 S-ounce, $1 85; 70 4-ounce. $2.50; 30 10-ounce, $2.23; loose. 50-pound boxes, Gttip7o; Smyrna boxes. 1.10tl-25: candled. $3 per box, Provision. Local Jobbing quotations: HAMS 10 to 12 pounds, 19 8 20c; 12 to It pound. l02uc; picnic. 12ttc; colt roll. 13c. BACON Fancy. 2S0 2Sc; standard. 23 O 24a: English. 19920a. LAHI In . tierces, choice, 14S4c; com pound, 9 He. DRY SALT MEATS Regular short elera, lV13c; short clear backs, 12 to IS lbs.. 14jjlSHc; short clear backs, IS to 25 lbs., 14 a 13 c: exports. ISSlttc BARRELED BEEF Extra mess beef. $19: mess beef. SIS; plat beef, $-1; rolled boneless beef, $30. BARRELED PORK Best pig pork. $24; pickled pork, $23Cji25. Bop, Wool aad nidea. HOPS 1913 crop. 1010c per pound; 1311 contracts, 34 15c per pound. PELTS Dry, llf 12c; lambs, 23933c; full wool. S1.2391.S3. WOOL, Eastern Oregon, nominal; valley, lstf'JOc per pound. HIDES Salted hides, HH012o per lb.; salted calf. ISSISc; aalted kip, 12014c; green hides. 11c; dry hides. 21022c; dry calf No. 1. 25o: No. 2, 20c; aalted bulls. So. MOHAIR 1318 clip. 3oe.".2c per pound. Unseed OU aad Turpewtine. LINSEED OIL Raw, barrels, 60c; boiled, barrels. Sac; raw, cases, 64c; boiled.- case, 3c TURPENTINE Barrla, 81Ho; eases. Mo. GASOLINE Napths, In Iron barrel, lSo; In cases, 23c: motor gasoline. In Iron bar rels, 17c; cases. 24c; engine distillate, in Iron barrels, Sc; In cases. 15Vjc BEEF MARKET IS FIRM PRIME STEERS SELL AT 8.C5 AT STOCKYARD S. Choice Heifers Are Taken at $7.75. Trading Dull In Other lines. Tray's Run Small. A InKl shipment of Central Oregon cat tle mad up th supply at th yard yes terday. Trading wa consequently on a very moderate tea!. Th few cattle disposed of were taken at prices that show the firm position ot the market. A load of prime steers, av eraging 123S pounde sold at $3.25. which is a quarter above the recent level of tho market- A few heifer brought $7.75 and tho other sales were at good prices, quality considered. Tbe receipt were 99 head of cattle, shipped by J. O. Wright, of Terrebonne. The days sales were aa follows: Weight. Price. IS steer 11S $8 25 steers 12VS 7.25 1 cow 1160 .l0 8 steer 1030 7.53 1 steer 100 6.75 S heifers 1200 7.73 1 bull 1440 5.75 4 cow 1K2 6.75 2 cows 1162 G.75 2 rows 949 S.50 The rang of prices at th yards was as follows: Choice steers $7.30t3-25 Good steers 7.0O t 7.50 Medium steers 6.504 7.00 Choice cows U.5"iot 7.25 Oood cows 6 00 J 6.50 Medium cows 6.50 6.U0 Choice calve 8.00 S 9.00 Good heavy calvea ............. 6.504 7.50 Bulls ......a 5.304? 8.00 Ho Light S.0 .5i Heavy ..ii e p Yearling wether S.75f 8.50 Ewee 4-00 0 3.-5 Lambs 6.0od S.O0 Chicago Livestock Market. CHICAOO. March 27. Cattle Receipts. 000: market, strong. Beeves, $79.10: Texas steers. $tv00io?7.70; Western steers, f6.95ifS.20; stackers and feedera, $0,104 S.: cowa and heifers, $3,753 8.10; calves, $1) 50 tf 9.0O. Hoi!i Keceipt. 2T.000; market, slew and renrrallv 5c lower. Lla-ht. $S.20l9.S3; mixed. JS.S3e9 85; heavy, SS.75S9.80; rough, $758.VO: pis. $7.15u9.20. Sheep Recelpta $000: marker, steady to ahade hlsher than yesterdays close Native, $.V75-?6.0); Western. 5.9046.90; yearlings. $6.Sor7.75: lamba, native, $0.754S.50; West erra $7 p a. 50. SAN FRANCISCO PROPrOf MARKET Price) Qaotrd at tbe Bar City for Vege tables, Fruit. Etc SAN FRANClSCft March ST, Th follow ing produce pricea wer current her today: Fruit Applea. choice, 60c: common. 40c; Mexican limes. SSS6.50; California lemons, choice. $6.50: common. 15.50: naval oranges, $1.23 tf 3: pineapples, $L23 02.5O. Cheese Toons Americas, lB01Ttto. Butter Fancy creamery, SOc. V.ggm Store, 174.c: fancy ranch. 15c. Har Wheat. J:ic!i: wheat and eata $31.50 It 22; alfalfa. $13016; barley. $18 9 20. Potatoes Oregon BurDank. Boqf 65c; Sa linas Kur banks. 55c0L25; sweets, $2,250 2.50. Vegetableai Cucumbers, $2.7573; grea peas, 57c; string beana, nominal; egg plant. 7tfl2ic: onions. oi?60c. Receipt Flour, 446S quarter sacks; bar lev, 2H70 centals; potatoes. 2865 sacks; hay. 140 tons. New York Cotton Market. NEW YORK. March 27. Cotton closed barely steady at a Bet decline of from' 2 to S points. Snot cotton ruisea qniet. altddimr up lands. 12 70c: do. gulf, 12 95c. bales, 1700 bales. STOCK LIST HEAVY Market Affected by Reports of Enormous Flood Damage. TECHNICAL POSITION WEAK Lack of Support From Europe. Short CoTerinjj Accomplished on Rise Earlier In Week Specu lative Operations Small. NEW YORK, March 27. Speculative operation were on a sman scate tooay ana the stock market waa heavy acd aplritless. Covering on the rise earlier In the week apparently had weakened the technical po sition of the market and prices dropped. Th market also felt the lack of support from abroad. While It wa Impossible to form a clear Idea as to the extent of property loss in the floods, reports ot the enormous amounts invoivea contriuutea largely to no ueav, ness of tha list. Final changes showed losses of about a point for Reading, union i'aeinc, ot. raui. New Tork Central, 6 reel. Smelting and other important Issues. Some sew low price wer made during the day, Rumley alumped to 41 and Illinois Central to Its lowest figure sine 1907. Bonds wer Irregular. CLOSINO BTOCK QUOTATIONS. Closing sales, li 1 n. low. J.! 23.200 711, 'M 7 800 52 52 & 1.400 32 SO a 9.100 324 SH 3 1,800 121S 120 M 12 10O 60i 50 5 1.300 40 44 Ml 4 200 24 t 24 V, 2 100 10 105, 1 Amal Copper . . Am Agricultural Am Beet bugar. American Can do preferred. . Am Car ec Fdy. Am Cotton Oil.. Am Ice becurl. . Am Linseed . . . Am Locomotive . Am bmel & Ref do preferred,, . Am Sugar Ret.. Am Tel & Tel.. Am Tobacco . .. . Anaconda M Co Atchison do preferred.. Atl Coast Line.. Bait Ohio ... Bethlehem Steel Brok K Tran... Canadian Pao .. Central Leather Ches & Ohio . . Chi Gt Western. . C. M st ct Paul. Chicago & N W . Col Fuel it Iron Consol uas . . ... Corn Products .. Bel Hudson.. . D At R Grande.. 1 do preferred.. . Distiller' Securt . Erie do 1st Pf do 2d ll General Eicctiio at North pf ... Gt North Ore .. Illinois Central, lnterboro Met .. do preferred.. Inter Harvester.... Inter Marin pf 1"0 Int Paper 800 Int Fump 8,600 6S! 67 1.3O0 133 132 1,800 1,600 100 500 ft 700 2ou W0 8.700 1.000 8.200 36 102 99 12.! 1004 84 3 88 232!, 28 71X 36 101, 99 4 Pflt 34 8SH 231 25 70 . 2,100 1004 109 51 VI 20O 400 "400 S4 132 V, 10K $4 6, ton lvo i'.6o6 800 200 1.SO0V I'JOV, :.io 1 7 900 68 17 104 27. 45 138 i, 128 4, 34 V, 33 Si 132 10 S 27 H 45 iss" 128 119 17 57 10 It 2O0 2O0 400 1O0 600 10 1,800 100 100 1.200 24 100 155 135a 183. 4TH 24 i 105 Mi 24 99 1, 155 135 Vi 13'IVj 25 1, S7 104 Ti 200 100 305 2,400 117 116H "s',066 iisii iii" K C Southern.. Laclede Gas ... Lehigh Valley .. Louis V Nash. . M, 6 P S .8 M Mo, Kan 4 Tex Mo Paclde Nat Biscuit ... National Lead . N Ry Mel 3 pf N 1" Central . . . N Y. Ont & We Norfolk West North American Northern Pao .. Paciflo Mall .... Pennsylvania ... People s tia .. P. C C ft St la. Pittsburg Coal . . rresseu o lv.. Pull Pal Car ..1 Reading 100 Rod Iron eV Steel ...... Rock Island .... 300 do preferred.. 200 Bt L i H F 2 Pf 100 Seaboard Alrlin do preferred.. Sloes Sheffield .. Southern Pao .. Southern Ry do preferred. . Tenn Copper . .. Texas ft Pacific. Union Pacmc .. do preferred.. S Realty .... XT 8 Rubber .... U S Steel do preferred.. Utah Copper . .. Va-Caro Chem . Wabash do preferred. . Western ld ... Western Union. Westing Blec .. Wheal a L Vi.. TOtAl sale XOr tut aay. 3l,nw en&rca. BONDS. NEW TORX, March 27. Closing quota tnna. U S ref 23 g.looi!N T C gen H'4. J5 JJ do Coupon ...I""i!0 r-aciIlO rts... n o G E i reg 102 S No Pacific 4s... do couDon . . .lu-a, union facmc ea. wo U e new 4s reg. 11.1 S, Wis Central 4s.. 90i do coupon ... 11 J is Stock at Boston BOSTON, March 25. Closing quotations: Alloue 36 INevada Con .... 17 Amal Conner.. -OVl'Nlnlsslns: Mine. 911 A Z L at Sm... 2SNorth Butte..... 2714 Arlsona Com .. EH!North Lake . 1 B & C C S M. BHjOld Dominion... 4b $4 Cnl Arizona.. 644 'Osceola 92, al ft Hecla. ...430 IQulncy 7 200 95 15S "iiii ss'i 24 'A 44 so 100 i 25i 81 85 16o" 85 'ii't, 0t, lOT. 52 83 11 67 65 200 100 1.200 BOO IOO 4O0 i'ioo 100 1,600 100 400 3O0 soo 200 lbo '""800 S.90O 95 158 4 "aiii 30 24 Vi . , V . 44 36 IOO14 25 H 81 34 Vi iiftti 65H "i"i 61 i 10S 52 H S3 X B 11 6BH C4 Centennial liroux Con Oranby Con ... o Greene Cananea. 7 1 Royalle (Cop) 34 ; Kerr Lake. 3 Lake Copper.... 15 I.a Salle copper 4 Miami Copper... 23 Mohawk' SO 0 Ishannon ....... 10 207i!Superlor SOtt Sud ft Bos Mln.. 3Vj iTamarack 28 USSR M... 41 do preferred... 4K14 I'tah Con 9Vi Utah Copper Co. 52 Winona 2Vi Wolverine 60 Money, Exchange, Etc. NEW TORK. March 27. Call money, steady. S'T4', per cent: ruling rate, 4tt per cent: closing bids, 36'4 per cent Time loans, easier: 60 and 90-day bills, 5&5H per cent; six months. 5$5V4 percent. Prime mercsntile paper, 6 per cent. t-terllnr exchange, firm; 60 days, $4.8325; demand sterling. $4.8725. Commercial bills. $4.824. Bar silver. 57?c. Uexican dollars, 47Hc SAX FRANCISCO, March Silver ban, sic Mexican dollars, nominal. Drafts, sight lc. telegraph 4c. Sterling on London, 60 days, S4.833,; do. sight, 14.87?,. LONDON, March 27. Bar silver firm at 26,d per ounce. Money. 4 e? 4 i per oent. The rata of discount in the open market for short bill is H5 per cent; three months' Bills, in per cent. WHITE SALMON IN AGENCY FrnUmen's Union Joins Korthwest Selling Organization. WHITE SALMON, WaatL, March 27. (Special.) As the result of speeches mad at a meeting; of fruit irrower in this place by Wilmer Seig. manager of the Hood River Fruitgrowers' Union, and H. A. Davidson, of the Davidson Fruit Company, of Hood River, both urging: co-operation tmonr the differ ent apple districts, the White Salmon Union stockholders have adopted reso lutions. Instructing; the directors to Join the Northwest Selling; Agency a part of the Hood River district, of which H- A. Davidson is the representa tive on the executive board. An extensive campaign' of advertis ing; is to begin in the larger cities in this country, Europe and South Africa, declared the speakers, and the whole saler is not to be eliminated entirely. ICE PLANT COSTS $250,000 Xortbern Pacific Builds Supply Sta tion for Fruit Oars at Pasco. PASCO. Wash., March 27. 'Special.) XeaxinsT completion In Paaco is, so the contractors say, the largest ice bouse in the United States of its kind, and when it is completed it will be a unique feature of the railroad equip ment at this point. It is being built by the Northern Pacific and is 483 feet long, 4 feet wide, and 62 feet high, of reinforced concrete. The interior will be divided into 12 compartments with a total capacity of 40.000 tons. The walls are all double and Insulated with 10 inches of granulated cork. In its construction the building has required the use of 6S00 cubic yards ot concrete, 167 tons of structural steel. 261 tons of reinforcing steel and 280 ton of cork. Each one of the 12 com partments is to be equipped with an electric elevator for use in loading and unloading ice. There are about 125 men employed in the construction of the building and the cost is estimated at $250,000. It was designed by C. A. P. Turner, of Minneapolis. Large amounts of fruit are shipped out of the Columbia and Yakima val leys, and all these cars are iced from this point, making it necessary to have adequate facilities for storing and handling the ice. The Northern Pacific has for years maintained an lee house here, which was a wooden structure, but it burned down last falL SEE M'NEIL HILL GIVES COLiTJMBTJS CLUB CHAMP REAL- RATTXiE. Brooklyn. Youngrster Makes Brilliant Sbovriiig In First Two Rounds at Hawthorne Club Brent. Three hundred boxing fans, crowded around the ring at the Hawthorne Ath letic Club Wednesday night, had a two Mniui v-tainn of a new bantamweight champion in the person of Hill, a young ster sporting colors of the urooaiyn athiati. firth Tcnr those two periods Hill held Al McNeil, of Columbus Club. Northwest champion, even. But tnat was all. The third round was Me Neil's by a big margin and the crown was saved. This boat, one of tbe fastest ana most interesting seen in many a day. nmwnm am th, f 111 m in P.flOn Of a PfO" gramme of two wrestling and five box ing bouts under tne auepiceo ot mo Hawthorne Club, composed of employes of the Portland Railway. L4ght & Power Company. Hill, with a grin on nis iace wnicu bespoke confidence, went right after A, hA an nf triA I' DTI IT and keDt Jiwcu . '" - c . up a furious attack for two full rounds, holding Al even, nut in toe third McNeil assumed the aggressive. . .. ...... . I, UpaaVIvii rinv Ilka a Terry McGovern, and had him seeking cover before a minute had passed. However, the loser is promising and should develop into a near-champion within a few months. Groat, of Columbus, forced Neely, of Brooklyn Club, to quit in the second AiinH flcHrlentallv humnlng him on tbe nose with his head, which dazed Luke's charge. Heffernan. the Columbus Club 115 pounder, beat Manning, unattached, in a nice bout. Heffernan was the bet ter boxer and was in fine condition. , - ,llllv,a. Vint that was jnajuuus " ....c, about the only qualification he pos sessed to maae nun a viuiui. The results: WMEiiinv n.cli,. ben f Lewis, fall in 2:16 and 5-mlnute bout on aggres siveness; Colebank and Cassldy, draw. Boxing 146-pound, Groat, of Colum bus Club, defeated Neely. of Brooklyn Club, two rounds; heavyweight Mark land and Jennings, of Columbus Club, three-round draw; 115-pound, Heffer- i.i-.mKi.a Olitr, d.foturi Man ning, unattached, three round; 112 pound, Cammaok defeated Jensen, three rounds: 115-pound, McNeil, Columbus Club, defeated xiiu, aroomyn uuo, three rounds. RESEARCH WORK PLANNED Horticulturists at Hood River to Travel by Motorcycle. unnn nrvRR nr. X4n rch 27. fSne- cial.) The horticulturists who will have charge of tbe experiment station to he established here will probably make their trips by a motorcycle. This means of transportation, it is thought by the County Court, will be the cheap ust and the commissioners will prob ably purchase a machine. Ur. James w ltnycujnue m i":"i B.- Cordley. of the Oregon Agricul tural College, under the supervision of maAm nf triA A ,nHr 1 TTI CT t of Which the station will be conducted, were here yesterday to confer with the County Commissioners. i ,aa .mri-ActA! thsit tho frulterrrjw- ers here would get the greatest benefit out or me station anxi me uem icium from the appropriation of 13000 by the . . enA V, .- .ft,, oniintv riv thp. establishment of a field laboratory. No experimental plot will De purcnasea Dy tbe state, but the horticulturists will .,ii- ail nttrt, nf the vallev. The research work done will co-ordinate with that of the state experimental station at Corvallis. 2 GRANGES WILL CONFER Clackamas Organization to Meet IVith Milwaukie. MIL.WAUKIE. Or., March 27. (Spe cial.) Clackamas County Pomona Grange will hold its quarterly meeting with Milwaukie Grange in this city April . The local Grange is making ar ranzements for entertaining delegates and visitors from other Granges of the state. Reports will be receivea from the 18 Granges of the county. It will be the last meeting or ciacK- amas Pomona before the session of the State Grange, and some of th measures that will come up will be considered at the Milwaukie meeting. One measure to he discussed will be whether repre sentatives to the State Grange shall be elected direct from subordinate Granges Instead of by county conventions. The matter of amending the initiative and referendum to prevent overloading the ballot with measures at one time may also be considered. State Master C. E. Spence and other state officers are expected to attend. BITULITHIC paving has been down on Fifth. Street for ten years, without repairs and torn-up streets. WHEAT DROP SHARP May Loses Cent and Quarter at Chicago. OTHER OPTIONS SUFFER Government Report on Farm Re serves Does Not Include Spring Seed Requirements, and This Discovery Causes Selling. CHICAGO, March 27. Discovery that the Government report on farm reserves does not include Spring seed requirements, which are 27,000,000 bushels, caused eeneral sell- ins; today, which sent wheat down. Tbe close was weak, at a net loss of tta to 1 Corn suffered a net loss of &e and oats tta to H4rSc Provisions closed a shade lower to lOo higher. Predlcitlon of the cessation of rain In the Ohio Valley nt eratn down arlr. Easier cables from Liverpool and reports from Ar gentine of orospectlv larae shipments added to Dear sentiment. The market opened a shad to lie lower, with May Ho te Ho off at 60a to 90 14 0 He, anf. declined to 90s. Tbe close In wheat wa weak, with Mar at 89 Trad In com wa dull today and waa almost entirely In local hands, the East not being; a buyer J because of the over stock there and tne territory In tn more Immediate nelffhborbood belnff affected by floods. Absence ft any material short interest left oat with poor support throughout the ses sion. Th run of hogs In th West we 14.000 less than a year ago and the provision list was comparatively dulL The range of prices was narrow most or tne day. Th leading future ranged as follows: WHEAT. May July Sept May July Sept Hay July Sept May July May July May . July . , Cash Corn, 5Sa Open. High. Low. X .S0 I .90i4 f .89 .... .so .so .... . -SO CORN. ESI .614 eK .64". 06 ' -'5 5s OATS. .... .19 .31 33ft .3S?i .... Jt3T4 .33 MESS PORK. ....80.60 :9.67 10.43 ....30.17 311.17 20.37 LARD. ....11.10 11.15 U.T ....10.10 10.5 10.17 SHORT RIBS. ....ll. 11.30 11.14 10.90 10.9a lo.rz prices were: No. i. (OttaUo; No. I white, (IK . .65 54 .33 H .83 .13 Close. S .89 .88 -S8S .53 .64 .55 M .33 H .33 t0.5t 30.11 11.16 10.91 1L5 10.65 Futret Bound Wheat Markets. SEATTLE, Wash., March 27. Wheat Bluoatem, u.je; fortyfold. IMic; club, 85c; ate, 8oe; red Russian. 64c. Yesterday's car receipts 'Wheat, 8; oata, S; hay, -o; flour, 11; corn. 1; barley, 1. TACOMA, Wash., March IT. Wheat Bluestem, 97c; fortyfold, SSc; club, 87c; red Russian, 85c. Yesterday car receipts Wheat, 20; bar ley, 2; corn, 2; oats. 1; hay, 9. Grain in San Francisco. BAN FRANCISCO. March 27. Spot quo tations: Walla Walla, 1.36"41.6714; red Russian. 31.634 6.1.66: Turkey red. 1.7S 1.77ii; bluestem, 1.751.77 ts ; feed bar ley, $1.301.82tt; brewing, 31.37V4 1.40; white oats, 1.50 l.S2fe : brsn, S22 6O023; mUdlincs. S30S31: shorts. t24824-50. Callboard sales: Barley, steady, decem- ber, 81.81 M: May. I1.80V4 bid: 81.81 H askes. New Tork Grain Market. NEW YORK. March 27. Ry flour, neg lected. Wheat Spot, easy. No. 1 Northern Iu luth, 99c f. o. bo afloat; futures closed: May, 08 c; July V4c; September, 96c. Metal Market. NRW YORK. March 27. Copper, firm. Standard, spot to June, 14.37 V4 a 14.8TH. Tin, quiet, but firm. Spot, March and April, 47.75 48.25; May, 4..5048. Lead, steady. Spelter, easy, ff.75(g5.95c Antimony, easy: Iron, quiet. Closing prices In London: Copper, spot, l(in; futures, 'S 6s. Tin. spot, 238 10s; futures, 313 lOe, Lead. 10 6s 8d. Spelter, 24 15a Iron, Cleveland warrants, 66s 70d. Coffee and Sugar. NEW YORK, March 27. Coffee futures closed baroly steady. March and April, 11.61a; May, lL70c; July, 11.91c; September, 1S.1UO. Spot coffee Arm. No. T Rio, 12c; Santos, No. 4, 14&C. Mild coffee unchanged. Raw sugar easy. Muscovado. 2.9Sc; cen trifugal, 3.49c; molasses sugar, 2.78c Re fined steady. The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time .deposits. Letters of Credit and Travelers' Checks Issued. PORTLAND BRANCH, Corner Second and Stark Sts. F. C. MALPAS, Manager. J.GWILSON&CO. STOCKS. ' BONDS. GBAXN AND COTTON MTTHWKFI) NEW TORK STOCK KXCHAVGTt. . KKW YORK COTTON XXCHANUS, CHICAGO BOARD OF TBAJJ&, ras stock and bond xxxbaxom, S2f IKii CISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street Phones Marshall 4120. A 4187 MXiED-VIAl. HOES ECSS PGULTF.T WAKTED Our price today: ggs. 19c; chickens. 18 to 17o lb.; broilers. 25 to 30o; pork, fancy. 11 to 12a; veal, fancy, 14 to 14 Ho. Check sent promptly. Ar you satisfied with the price you ar now getting for your produc7 If not htp to us; tags free. Country merchants trade solicited. F. H. SCHMALZ & CO. 141-141 Front bt., Portland. Or, Fald-np Capital. S10.00. TBATELEgS' GflDK. m. ila OuJ Smjta. a53. EXPRtSS STEAMXBS FOR Sao Francisco and Los Angela WITHOCT CIIAJSGE B. S. Kansas City sails A. M. April 3. S. S. Bear sail B A. M. April 7. mi KAN I KANtlhtO at PORTLAND 8. S. tO Ticket Oifir 3d and Washington (with KJ w . rL. mi . ve.i Pbsa 450. A (131. SYDNEY; SHORT U NE 6sa Frsnrisoo tc Australia, 19 days, via Honolulu ..J .ttoartiva anil piesssnt route, -sinter or summer. Splendid 10,000 ton strain era icisssea ny nmran laoyua ax. $11 Honolulu (irrt-dsn round tris Sycnty tJOO. Reund lb Wsrltl via Hawaii. Samoa. Australia,. Ceylon, Egypt, Italy, etc, SSM lt; SMO 2nd Stop-ovtrs. Visiting bra ftrtPtitrta and great ciucs of tb world. Honolulu Pen. 25. Mar. 11. 23. etc. Sydney via Honolulu every 2a days, March 11, April 8. etc. Send for folder. Oceanic & S. Co. 873 Market St, Sea Fran, BANKING FACILITIES "We offer, through ths services of ths ' NORTHWESTERN NATIONAL BANK and the PORTLAND TRUST COMPANY the Combined Benefits Of' a National Bask, a Savings Bank, a Trust Company. ASSETS: $4,000,000.00 ABSOLUTE SAFETY The Safety, Service and Facilities of the United States National Bank safeguard ' your funds and protect your financial in ' teresta. Whether your account is large or small, it is invited. UNITED STATES NATIONAL BANK Surplus and Capital, $2,000,000, Third and Oak Sts. SERVICE IN MODERN BUSINESS In modern business the one great watch word 1b aervlce. That business expands most substantially which considers bet the in terests of its customers. It-is no different in banking. Every depos itor is entitled to receive prompt and cour teous service, and in the Lumbermsns Na tional this is not merely a hobby It is strict policy. LUMBERMENS NATIONAL BANK Corner Fifth Bad Mark Mt. Resource 7 Millions. LADD&TILTON BANK Established 1869L Capital Stock - .....$1,000,000.00 Surplus and Undivided Profits ........... 1,000,000.01) Commercial and Savings Accounts Letters of credit, drafts and travelers' cheeks issued, available in all parts of the world. OCKICKitS. - -. M. Ladd. President Robert 8. Howard, Asst. Cahla Edward Cookinffham. Wca-Trea J. W. Ladd. Asst. Cashier. w. H. Dunckley. Caahler. Waiter ai. Cook. Asst. CM. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of ths Rocky Mountains COENEB FIRST AND WASHINGTON STS. HAMBURG-AMERICAN Largest S. S. Company In the World Over 0 Ships 1,110,000 TONS. LONDON PARIS HAMBURG PATRICIA.. April S, S A-M. PRES. GRANT April 10, 11 A.M. AMXBIKA April 12, 10 A.M. Hamburg- direct. 2d cabin only. PRETORIA April 17, S F.M. CINCINNATI April 24, 11 A. M. PENNSYLVANIA. . .April 26. 12 noon KAIS'N AIT.. VIC. ..April 30, 2 P. M. PRES. U.NCOI.N Mt 3, a P. M. r-nrM UnCTAN H s- CINC INNATI. June 1 1S.N. CINCINNATI. .July IS r iSAJlVI DKJJ I SmtlV g-S. tUiyEIiAr..Jone 14 Is.S. CLEVELAND. . July t MADEIRA, GIBRALTAR, ALGIERS, NAPLES and GENOA S.S. HAMBURG April 6, 9 A. M.S.S. HAMBURG May iO. A. M. 8.8. MOI.TKK April 19, 8:30 A. M.S.S. MOLXKE June 3, 8:30 A. M. Omit call at Madeira and Algiers. SC I TV! PpD A T f WORLD'S SCARCEST SHIP. J A1 ' A- will make her first trip from HAMBURG, MAX 4, arriving here MAY SI. Books now open for seaaoa starting JINK 1, 11 A. M. The IMPERATOR will continue in regular service be tween tw loita ana hsjihiiku via fjymoutn ana cnerDourjr. TO THE LAND OF THE MIDNIGHT SUN Scotland. Orkney and Faroe Islands, Iceland, Spitsbergen, North Cape, Norway. FROM HAMBURG during June, July and August. S. S. VICTORIA LCl.SE, S. S. BISMARCK and S. 6. METEOR, 18 to 24 days, 862JO up. Write for Illustrated Booklet. HAMBURG-AMERICAN LINE 160 Powell St., San Francisco, Cal.: O.-W. R & N. Co., Nor. Pacific, D. 4 R. O. R. B.. Burlington Route, Milwaukee & Puget Sound R. R., Great Northern Railway Co., Dorsey B. Smith, 69 Fifth at.. Portland. Oregon. TRAVELERS' GUlDaV, LOS AXGELEa ADD SAX DIEGO STEAMSHIPS TALE AND HARVARD Railroad or any steamer to San Francisco, the Bxpo City. Largest, fastest and ths ONLY strictly first-class passenger ships on the Coast. Average speed tS mile per hour: cost 2,OOO,O00 each. 6AM CllANCISCO, PORTLAND At L. A. Main as. Frank Bollam, A rent. A 459& 124 Third Street. TRAVELERS GUIDE. San Francisco, Los r Angeles and San Diego Direci & S. Boanoke and S. S. Elder. Ball Every Wedaesday Alternately at NORTH PACLFI0 S. S. CO. IS A Third St, Fhoa atsin 1314, A 1814. STEAMSHIP Sails Saturday for SA?f FRANCISCO, LOS ANGELES ASD SAN DIEGO direct. San Francisco, Portland A L. A. 6. S. Co. (Ticket Office with Denver Rio Granae K. K.J Alain SO, A titvo. i- Third street. COOS BAY and EUREKA Steamer Alliance Sail Friday, March ZS, nt P. 31. .OBTH PACIFIC STEA1SHIP CO, 12--A Third St., .Vear Wahlns;ton. COOS BAY LINE fffEAMlaB JBKKAK WATER aiist from Ainworti Lock. portiaotH, it Jl. M.. wi&rcU 12 and iiflraJir overy Wdn-ilay morning at 8 A. M. Fralght r9 oi ved daily axcipt Tuesday up to 6 P. M. Tuesdays up to P. M. Passenger fares: First-class, $10: ncond-cltus, (7. Including bsrtha and m evils. 1 tcket off lea at Ains wortb Pock. The Portiaud Coos Bay 8.8 Uste. I. H. KcaUpfc Axsct. afboa Maia NEW Y0BK-PORTLAND REGULAR FREIGHT SERVICE. Low Rates. Schedule Tim. AMERICAN-HAWAIIAN S. S. CO. SIS Railway EzchsBge Bide AfurUaad, Or. afals SS7S. A W22. t