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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 3, 1915)
THK MORNING OREGONIAN, WEDNESDAY, , MAKCH 3. 1015. ; NEED OF 11 TOLO Commercial Club Head Out lines Causes for Merger. OFFICIAL ORGAN IS ONE AIM Au-h n Iladi Organization lirou-lil t lunigc in Internal Sjs-U-nis and Prrrcctcu Kleincnls of fc-nwcss, Sujs C. C. Coll. The cliirf causes leading to the con solidation of i nc Commercial Club and Chamber of Commerce were outlined more fullv than tli-y had yet been piven bv O. I'. Coll. president of the Id Commercial Club and one of the leaders in the consolidation movement, in a statement issued yesterday. He said: The belief that none of the commercial organizations of the City of Portland were truly representative of the entire roramer cial life, of Portland caused the office to ascertain wherein llicy were lacking, which W to the consolidation of the Commercial C'lnb and the Chamber of Commerce in or der to form for Portland one strong organi sation. , , . . . The consolidation committee found mat (treat progress in commercial organization work had been made in the last decade end that It had been developed Into a science. The live commercial organization of ten years ao which rested on its efficiency at that time later found itself hopelessly be hind the limm. During those years the beyt business brains of the great communi ties in the country had found out the bene fits of co-operative effort and had put this brain power to make perfect business ma chines out of organization which, hereto , Jo re. had been run on a plan ol spasmodic and short-lived enthusiasm. Internal Sjntrms Are Changed. Each organization watched the efforts of others and was quick to adopt the best method. In this way. commercial bodies revolutionized their internal organization, and perfected the three great elements of tne successful business- organization a rep resentative membership, adequate working capital and personal service. The modern commercial organization rep reseats all the commercial activities of the entire community, "commercial" here being used in its broadest sense. Where any group of men or any large number of men withhold membership, financial support and personal tervice from the commercial or ganization of a city, it is weaker in the pro portion to the number and influence of those hi en. The commercial organization of today must have the capital to do things. It must be able to employ efficient men, the kind i.r men who can do business on an equal plane with men of Influcnre and ability. It must finance the various undertakings that arc conducted for the commercial welfare of the city, and it takes much money to do tMei-e things. Therefore, it must have the financial support of Hie great body of men who benefit by the city's growth. Ideal I- Adopted In I'lnn. Iii the consolidat.on and reorganization movement now in progress, the officers and citizens' eummittee intend to organize the perliami New Chamber of i omntercc on the pian non- accepted as nearest the ideal. It eects tu secure a representative member ship. It expects to secure working capital in proportion to a man's ability to give and benefits to he received. It expects to have the personal service of its members, epeeiaUv of the strangest and most inllu entiai business mm The officers decided to bring about the reorganization at this time lecause it was clearly seen that the most important period In (he history of Portland is at hand. To carry out the big tasks to be undertaken br the "chamber and to reap the benefits of T.l.", it is realized that the present Cham ber, with its less than 158 members pay Ins tines and a small number of me.n taking care of the big responsibilities, could nut adequately represent Portland. It there ever was a time when the citi zens of Portland need to pull together with enthusiasm and with personal service, it is now. HUH RATES H EFFECT AIM1CKS PREDICT HEAVY TRAVEL TO .NORTH PACIFIC COAST. S. Paul Agent Sa Opening: Sales Iadicate Movement of Equal Vol atile as to California. Kound-trip tourist ratea from all points in the East to the Pacific Coast on account of the Panama-Pacific Ex position went into effeet on Aionday. According to advices received here yesterday the movement of passengers "to the North Pacific Coast will be of equal volume as to California. A. D. Charlton, assistant general passenger agent for tho Northern Pa cific yesterday received the following significant message from A. M. Cle land. general passenger agent at St. Paul: "Opening date of sale yesterday of special excursion tickets for the West, for the California expositions and North Pacific Coast points was espe cially heavy. Indications point to Hood travel on these rates this month and heavy during the Summer season. Written and verbal inquiries regard ing the Northwest country at these special rates are the heaviest we have had for several years." The round-trip rales from Chicago and Eastern points will be the same to Portland and the Northwest as to San Francisco and to other California points. A differential of $17.00 will be ap plied on all business moving one way through California and the other way through the Northwest. The round trip rate from Chicago to either Cali fornia or to the Northwest is $82.50. The round-trip rale to the exposition via Portland therefore is $&t) from Chicago. The rate from points east of Chicago is a combination of this rate plus the local rates, which ap proximate 2 cents a mile each way. The Missouri River rate is $50 for the round trip either to" California or to the Northwest, with ttie fixed arbi trary of $17.50 for the diverse route in traveling through both California and the Northwest. PAVING PLAN PROTESTED ?lr. Iicck Aroused Over Opposition to Washington-Street Work. Commissioner Dieck. head of the Mu T;,Mt,3l DeDartment of Public Works. is much aroused over a report received yesterday to the effect that property ojrners on Washington street between Twentieth and Twenty-third streets are circulating a petition to kill pro ceedings now tinder way for the re surfacing of the pavement along the street. Mr. Dieck says the street can not possibly be repaired unless the ' proceeding's go throuph. He says if the remonstrance now being circulated is filed the street will remain in a de plorable condition all Summer. The proceedings for the resurfac ing were started some time ago by the Council. The pavement is in almost Impassable condition. In some places. MERGER CLUBJS FORMED St. Johns Body at Work' for Union With Portland at 'eit Election. ST. JOHNS. Or.. March 2. (Special. A Merger Club was organized last : " . r night with a well attended meeting, with W. H. King, president, and H. D. Beam, secretary-treasurer, and an ex ecutive board of seven men and seven women. This club believes that annex ation to Portland will carry at the polls on April 5, and desires those elected who will transfer the city affairs. Candidates, who were indorsed for the primary election Saturday are: For City Treasurer, O. IL .Learned. Re publican: City Recorder, H. D. Beam, Democrat: City Attorney, K. C. CJeeslin, Ftepublican; Councilmen-at-Large, I. B. Martin. Republican: J. S . Downey, Democrat: S. C. Cook, Republican; First ward. R. Graden. Republican; r. Tallman, Democrat; Second ward, W. A. Carroll. Republican; William H. No len, ftepublican. No one was indorsed for Mayor. The merger question is the most important issue at the coming election. Circulars will be issued ask ing voters to write on the ballot for the primary the names of candidates In dorsed by the Merger Club. WHEAT VALUES ARE OFF CHICAGO TRADERS FEAR PI.EA FOR PEACH BY Tl'BKS, Continued Purchases for Export, Esti mated as High as 1,500,000 Bushels, Ilrlng Rally brains Strong. CHICAGO, March 9. Rumors that Tur key would beg for terms of peace broke down values in wheat today cents a bushel, but large sales for export from the United States made the market rally. There was a nervous close at 1 cents to 5hi cents under last night. Corn scored a net gain of lbs&? cents to 1!4 cents, oats finished Vi cent off to 1 hi cents up and pro visions at an advance of lt cents to "5 cents. Wheat at first had an upward slant, the result of comparative strength shown by Quotations at Liverpool. Uneasiness as to shipping difficulties, however, prevailed among holders and there was plenty of bearish sentiment after word came that some of the forts guarding the narrowest channel of the Dardanelles had been hushed. Estimates of the amount of wheat purchased today in the United States for shipment to Kurope ran as high as 1.8(10.000 bushels. ' Decided Improvement in seaboard demand lifted the corn market. Knropeaiis were said to have taken ."tOO.OOO bushels. Changes in the price of oats were not at all uniform. The May option rose sharply, owing to export buying said to aggregafo l.ftoo.000 bushels. July delivery weakened in consequence - of reports that Russian shipments would be immense before the harvest of the new domestic crop. Leading futures ranged as follows: WHEAT. Open. High. Tyow. Close. May $1.4S 1.47i l.Hi V--'A July 1.1S 1.HS 114 l-l&is CORN. May .. July .. .71.i .714 .7Us .72 '.73,i .H .73 .H OATS. Mav .SSI- .53'4 July 0154 .i; .49 .51?, MESS POHK. May 17.07'i 17.40 n.Oi'i n.32i July 17.47 Vi 17.77',i 17.47'a 17.75 LARD. May 10.15 10.30 10.15 10.30 July 10.45 JU.OT'i 10.40 10.00 SHORT RIBS. May 9.7r. 9.3U 9.75 9.90 July 10.0.". 10.M 10.0G 10.30 Cawh prices were: Wheat No. 2 red. $1.11 i 1.49 ; No. 2 hard. 1.41'w l.ih. Corn No. 2 yellow, 7:2c: No. 4 yellow, 6SWi9c: No. 4 white, t.SKft.Sc. Rve Nominal. Karley 7UW SOc. Timothy i'a6.30; clover, $10,508(14.50. Primary receipts Wheat, 03a. IHW vs. 714. 000 bushels: corn, 633,oO vs. 1.0J1.00O bush els: oats. 712,000 vs. iIM.OOO bushels. Shipments Wheat, l9,O0 vs. 5CO.000 bushels: corn, bS'.OVO vs. 579.000 bushels; oats. 121. 0O0 vs. 636,000 bushels. Clearances Wheat, 521,000 bushels: com, $9tt.ooo bushels; oats, 61,000 bushels; flour, 33,IKK barrels. I.1VETCPOOU March 2. Wheat, Id to l4d lower. Corn, td lower. Minneapolis drain Market. MINNEAPOLIS. March 2. Wheat May, t.3B bid; July. fl.3t; No. 1 hard. $1.41; No. 1 Northern, $1.37 (jj 1.41; No. a Northern, $i.:t"r i.as1. Barley ti- 75c. Flax Sl.tti61.S3: Other Haiders, Markets. DL'LL'TH. March 5. Wheat closed: May, $1.40; July, $1.30. WINNIPEG, March Wheat closed: May, $1.40 bid; July, $1.44. ST. LOUIS. March 2. Wheat closed: May, $1.38; July. $1.11 KANSAS CITT. March 2. Wheat closed: May, $1,545; July. JI.09H. Pnget Souud Grain Market. SEATTLE. March 2. Wheat Bluestem, $1.20; forty-fold, $1.20; club, $1.20; fife, $1.10: red Russian, $1.12. Barley. $25 per ton. Yesterday's car receipts Wheat 32, oats 7, barley 5, corn 3, hay 14. flour 10. TACOM A. March 2. Wheat Bluestem, Sl.37Crl.40: forty-fold. $I.36N'1.38; club, $l.l(i 1.30; red fife, Jl.25trl.30. Car receipts Wheat 10, barley 1, corn 3, oats 7, hay 9. San Franriwo Grain Market. SAN FRANCISCO. March 2. Spot quota tions: Walla Walla. $2.40fa 2.42 : red Rus sian. $2.40W2.42i : Turkey red. 2.40tf2.00: bluestem. $2.50lp1 2.55: feed barley, $1.42 1.45: white oats. $1.77 itt 1.S0; bran, $2S.0 (T23.50; middlings. $32.00(133.00; shorts, $:o.0oitj31-00. Call board Wheat easy: barlev, Decem ber, $1.36!- hid. $1.39 '4 asked: May, $1.37 Vi. FAIR DATE IS CHANGED Washington Advances Time to Avoid Conflict With Oregon Event. OLYAIPIA, Wash.. March 2. (Spe cial.) To avoid conflict with the Ore eon State Pair the department of ag riculture has announced a change of the date of the Washington State Fair from the week beginning September 27 to the week beginning September 20. This will make a circuit for live stock exhibitors starting at the Spo kane Interstate Fair September 13, thence to the Washington State Fair at North Yakima and then to Salem. A new secretary for the Washington fair will be named, to start work April 1, J. E. Shannon having declined re-election. Commissioner or Agricui ture Graves has announced that there will be harness racing again this year and that Walter McNatr. of Arizona, has been re-engaged as starter. SALMON DAY PROCLAIMED Governor Lister Sets Aside March 1! for State-Wide Celebration. OL.YMPIA. Wash.. March 2. (Spe cial.) Governor Lister has issued an official proclamation setting aside March 12, Friday of next week, for a state-wide celebration in honor of King Salmon. In his proclamation, issued yesterday, the Governor expresses the hope that Salmon Day may be made National in the character of Its celebration this year, as means of advertising the great food product of Puget Sound, the Col umbia River and Alaska. White Salmon rians Chautauqua. WHITE SALMON, March 2. (Spe cial.) a committee consisting of Mrs. Roy Heaman, Mrs. I. Cooper and Miss Poris Aggers from the White Salmon Woman's Club met yesterday with a committee from Hood River and Un derwood Clubs to arrange for a mam moth Chautauqua day celebration April 28. A dramatic and musical pro gramme will be planned, talent from all three clubs participating. IS Local Wheat Irregular With Advances and Declines. UNDERTONE NOT WEAK Disposition to Sell Is Checked When Buying Starts Inquiry From Japan and California-Oats in Demand. The local wheat market was an uneven affair yesterday and not as weak as might appear from tho quotations. There was a disposition early In the session to unload. . ... 1 , I..- iha huvlnff that DUl 11 n as OUWII tjj ...w , developed. Sellers at the start were, as usual, influenced by Chicago, wncro pum broke under the flimsy rumor that Turkey la to sue for peace. Only .10.000 bushels were sold on the exchange, as follows: Bushels O.ooo April bluestem $ 3,000 May bluestem l-J? lO.imo April fortyfold J-u 5.0UU May fortyfold J-g; 5.000 April club 1 ' Tons .. 100 April oats 3.oU KiO Hay oats Si'JI- 21t0 May oats SI -2 300 May oats o4 aU While April bluestem brought 6 cents more than was bid on Monday. May sold cents under the previous day's sale. At $1.33 May bluestem is just 31 cent below the top price of th season, reached a month ago. April fortyfold was unchanged In price, but the May delivery declined cents. The loss on April club was 6 cents. Bids for spot de livery of all kinds of wheat were practically unchanged. The red" wheat market was more or less of a joke, as there was a spreid of 7 to 20 cents between the bid and asked prices, and the quotations represent nothing. The opinion prevails that local wheat prices have gone too low and that a re action is duo. There is not only demand for European account, but Japanese buyers are also inquiring for wheat. Furthermore, California is now In the market for wheat at current prices. Oats were steady with a good export de mand.' Seven hundred tons were sold and more could have been disposed of. The bar ley market was stagnant and bid prices fell back. Local receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat. Barley. Flour. Oats. Hay. Portland .... 8 2 Yeaj a"o 74 I J Sea'n to "date. 14.74S 1745 174 17S2 1394 Vearaeo lOOO 212l 205S 138b 210S Taroma. .Mon. lO 1 J year ago. ... 1 .... Sea'n to date. S.10G 460 .... -..W D6? Year ago.... 7.547 000 .... -0 1S.4 Seattle. Sat... 13 2 7 1 ' Year ago... 41 5 5 10 Sea'n to date. 0.37-1 !.V. J72 Jh4 Year ago 5.W1 1117 1438 1029 S90 WOOL TRADE QUIKTKR AT BOSTON Excitement Subsides in Kast, but Not In Western Crowing Sections. The coursa of the wool market is puz zling dealers. according to tho Boston Fiber and Fabric, which says: "The Boston wool market is quieter this week and It is doubtful If even 2.000,000 pounds of wool have been sold. The specu lation in scoured wools has practically sub sided and what little of It there is seems to be for a few bags here and there. Of the transfers for the week it looks as though more foreign wool was disposed of to the mills than domestic. "Tho situation is rather a puzzle all .. i Tt.m g-0 mimnrs heard that the English government has again reimposed the embargo. Dut notning oennno ns yet been obtained at thia writing. The . i. ' - i ; Mn,.lv thi London sales r&uc as . U 1 1 w " . ' p. . - and Is keenly Interested in the excitement In the West, where it Is satd tnai tne grow ers In some sections are so completely wild that they are already talking iamme prices. E,n,, from the West, best termed as ru mors. Indicate that in the Northwest the rvnn't even ronslder 25-ccnt wool. ..v... - The entire Western situation is a puzzle and some dealers are very mucn incimcu i h.iicva that the growers are sanguine enough in their expectation of abnormal prices to actually hold up tne wool untu their prices are met. One or two Boston i a-A -m tn he. even now. operating extensively, especially in Arizona, where clipping is said to have already begun." FIFTEEN CENTS IS PAID FOR HOPS Highest Price of Tear Becelved by Forest Grove Growers. The hop market has gained another half cent in value. Fifteent cents was paid yesterday by the Kola Ne'is Hop Company for the Crabtree and Reuter lots, amount ing to a -carload, at Forest Grove. There have been Inquiries on the market for some time, bnt this is the first transaction re ported closed In about a week. There Is also a strong demand for con tracts, but Oregon growers decline to sell at the prices ottered. 12 to 1214 cents. There is an active movement in thia line in Wash. Ineton. 1300 bales of Yakimas having been contracted for In the past three days at 32 cents. The terms were one to five years. The Yakima deals were made by three buyers. A contract for the installation of an electric plant on the hop ranch, across the river from Independence, of Seid Back has been awarded to J. H. Ralston, of Albany- Bob Stewart and Merrill Smith, employes of tho Ralston concern, have started the work. The contract calls for the wiring of every building on the ranch and for in stallation of a plant that will generate electricity, besides power to operate the dryers. Vegetables in Good Supply. A car of California celery was received yesterday and offered at $3.75 4 a crate. Local rhubarb, outside grown, was on sale at -m rents a Dound. Local onions were also offered at 30 cents a dozen. Receipts of California asparagus were small and the market was steady at 20 cents a pound. Fruit trade was fairly active. Oranges were the firmest feature. There was a mod erate demand for apples. Kl rod v and Unchanged. The egg market, was steady and un changed, sales being made at is ana lo Ana in Quantities. There was a good demand for chickens and large hens readily Drougni n cents. Other kinds of poultry dragged. Dressed - f.1,1 firm meacs 1 ' J There were no new developments in the butter situation. vtrt IMirehase of New Mohair. Goat shearing has started In Southern n as innn &8 the weather be- ureBtfu . - comes a little warmer It will be general in the Willamette Valley. The first transac .. , . i. - i (i i .tin rpTinrt.il was the tur- tion in i-iit- i chase by Felix Kohn of BOO pounds at 20 cents. The nair came iruui a oum. .-.. Oregon coast district. Rank Clearlmrs. t, ,. .i..,ii,n of the Northwestern cities yesterday were as .rt,,.j $2,S:i3,M0 t42B.91S SeI ?e"d . .7.7.. l1.St6 Tacoma :;n".im r.o uu optnw PORTLAND SfAKKET QUOTATIONS Grain, Flour, Feed. Etc Merchants Exchange, noon session. Prompt delivery: Wheat Bluestem Forty -fold Club Red Kussian Ked fife Oats , . No. 1 white, feed Barley No. 1 feed BlM J,...iiMiIi,JJ.' MARKET UNEVEN Bid. Ask. $ 1.26 $ 1.28 1.23 1.30 1.23 l.'-S 1.15 1.25 1.10 1.30 33.25 .13.50 25.00 30.00 2a. U0 27.00 28.00 Futures April bluestem J ':,..,. Mav bluestem 4 April fortyfold ' May forty-fold l r April club J -;' May club ? LSI l.:u 1..TO 1.35 1.31 1.:;.'! 1.30 1.32 1.35 ;4.50 4 75 In, I (Oil KIIKR ATI .......... " - - UBU H TtTISKiail .......... 1.24 inHI rf fif.i. . . 1. May red fife .... 1 tirll nfllK ....... 1.25 34.00 :'.4.25 25.W May oats :;o.oo iil.oo April reed bnriey. . '..00 May teea nant-y ...... u.h $6.50: whole wheat. $7.40; graham, $1.20. 28.50 per ton: shorts, 3030.50; rolled barley, sj-jwi). CORN Whole, $37 per ton; cracked, $o per ton. HAY Eastern Oregon timothy, $14,018. valley timothy. $12.50; grain hay, $101-: alfalfi. $12lS'13: Fruits and Vegetable. Local jobbing quotations: ., . . n ,- , , bdi:ito rirunci's navels. $l.75i&2.25 per box; lemons, $2.2a(tf 3.oU pet box; bananas. 4MiC per pound: grapefruit, $:.e?3.50; pineapples. Be per pound; tan gerines. $1,2541.75 per box. VEGETABLES Cucumbers, hothouse, -. ...... - .i . nAnnAa Tiw.f niiimd: ll.wVI'"l UO.cn; - t ' artichokes, 75S5c per dozen; tomatoes, -. rn . .. . ..v.v. . r Donnd: celery, $3.754 per crate; cauliflower, $- per . . , . i. A-t lit erate; sprouts, SffVC per puunu. - . n ., . k. ... , ... iciititee. 7.1C uer luce, pn LI" , . . - oox; Biiuonii, i .. per box: hothouse rhubarb, 10c per ;:ouna. asparasus, -w per puunu. box; cranberries, $11412 per barrel. . . ..- i . 1 . 1 in ner sank: ruiAiwi-1 vice....... v , v.bim. i 6,1 Idaho. $L10: sweet pota toes. 2&c per pound. ONIONS urcgon, selling r sack, country points. SACK VEGBTADbfiS Ibarra. , v- sack; beets. $1.23 per sack; parsnips, $1.13 per sack. Dairy and Country Produce. Local jobbing quotations: rrjia iTVwth Oregon ranch, case count. 1819c: candled, 20c POULTRY Hens, WSd'Hl!'. Droners, , on-. ...-I.-. Hrri 2Uc: live. loCt ducks' lli16c;' geese, 89c. per pound In case lots: c more In less than case lots; cuDes, -o?j!-.-.v.. CHEESE Oregon triplets, jobbers buying price, 15c per pound, t. o. b. dock. Port land: Younj- Americas, 18c per pound VEAL rancy, i-ui.isi; vcl f"" PORK Block, 9 Vie per pound. Staple Groceries. Local jobbing quotations: .-. ,.1 t.i.,m mm - nnnnd SAliMUS voiuiiiui- v. talls. $2.30 per dozen; half-pound flats. $I.uO, w . . . an. ii.gI, nlnk one one-pounu tiuif. t - . POUIKI (HUB. liUNfcl lnoice, 1"- ' ' NUTS walnuts, i.i(v; u ' zll nuts, 15c; filberts, 1524c; almonds, -J iii24c; peanuts. 6c: cocoanuts, $1 per doxen; pecans, 19(g20c; chestnuts, 10c. El t".A & small v. , . ; 6c; Lima. dVic; pink, 56c; Mexican, 6Vic; bayou. oc. ,,,-,i. COFFEE Roasted, in aruma, ionon- . . , i. . ri beet. $6.35: extra C. $3.05; powdered, in bar rels, $6.80. . SALT Granulated, $15.50 per ton: hall ground, 100s. $10.75 per ton; 50s. $11.50 per 'TL'.r.. isbwo,' broken. 4c per pound: Japan style, 45c ............ . . 1 .. on net nnnnd : apricots. 1315c: peaches, 8c; prunes. Ital ians. 89c; raisins, loose Muscatels. 8o; un bleached Sultanas, 7V4c; seeded. 8 9c: dates, Persian, 10c per pound; fard, $1.65 per box; currants, 8 12e. Hops, Wool, Hides, Etc. wops 1911 crop, 1315c; 1013 crop. laHlPi5ES-nsaIted hides. 15c: salted hulls, in" salted kip. 15c: salted calf. 19c; green hides, l.'5'ic: green bulls, 9c: green kip. 15c; green calf! 19?; dry hides. 20c; dry ca f , 28c. Eastern Oregon, fine, 18I0c; Valley. 25c, nominal. nH MO HA I K new cuu. - v- i.. - HASCARi BARK Old and new. 414c por PPELTS Drv long-wooled pelts, 13c; dry short-wooledpelts 10c: dry shearing, each. goat BnesniiHs. ' r . - - . sheep pelts. February. $lftl.aO eacn. . ProTlBlons. ... .. alii',. .lHnneri 17 HAMS All sizes, 4' .Tiio- .i. i"c: cottase roll, 13c, "".".kPSfn-, t.oc Blandard. 230 24c; choice. 17-a'22c: strips , 1!& exports. i;4p.7c; plates, ll13o. cr . m : . t,ocic irottlA rendered. 12c; standard. 12c; compound SC. BARREL GOODS Mess beef 2S; plftj beef SlM.otf ; oriRKei pips- feet, 12.50; tripe. J9.50eil.60; tongue Otis. t.'.. v., itriim hs.rrelft E RUB i El- mci nuiwi " " " ' or tank wagons, 10c: special drums or bar re. 13 c; cases. 1. 20c distillate, drums, 7'icfcases, 14c; naptha, drums, lie; cases. ISc eases? TocTbolletrrers. Wc;' boiledcases. rnT7.-urpTW t t$nirR fiOc: in cases. U XX"JH a " ' " 67c; 10-case lots, lc les. LIVESTOCK TRADE DULL ONLY TWO LOADS REACH NORTH PORTLAND YARDS. Small Bunch of Hobs Were Dis posed of The Market Is Steady In All Lines. inda nf livestock reached the vuiy " 1 . . local yards yesterday, ana nubinr practically at a standstill. The only tran action was tne saie ol jo -"-'"" 125 pounds, at $0.90. VVblle prices . . i . hs mul.rinnn nf the nominal uinjiiKuuui, . marKet was vni .. . . Receipts were 34 cattle. 14 calves and 3 bogs. The snippers leriburg. 1 car cattle; J. S. Flint. Junction Citv 1 ca.- cattle, calves and hogs. ul?'. ' .k. W.I utnekvards on ITICes curreufc v nw " h vurtoiLS ciasnea tit i t .-;ne)7.K0 Prime steers 7!25W7.50 rv..,la alpfra fi.75di7.2.- II fiftth ft. 60 Medium steers Choice cows . . 5.OO!0f.2i) , 5.00W6.25 . 3.504CB.IH) , 4.50( 6.00 , 6. 25 m 7. 1X1 . 5.85S!6.4U . 6.00IJJ7.50 , 5.nofa 6.50 . 7.00&8.50 Medium cows Heifers Bulls Stags Hogs Light Heavy Sheep Wethers Ewes Lambs Omaha Livestock Market. SOUTH OMAHA. March 2. Hogs Re ceipts. 18.50O; rnarnet sieauj. irt 45T 6.5.1 ; 11K111. .o.4"tw-. i"". v 125: bulk. l!.456.30. " rattle Receipts, r.000; market steady. Native steers. $.50iiS.iU; cows and heifers. Texasf steers. ."..SOlO; cows and heifers, $4.75 rP! 6.50; calves, i.uuiq,w.u". .,,,. Sheep Receipts. 16.000; market f."2: v..rllnr9 7.85to8.C5: wethers, $i.00ti7.lo. lambs, $S.75l-50. Chicago Livestock Market. CHICAGO. March 2. Hogs Receipts. 19.- ..i... in r,c under the opening, which was strong to a shade above yesterday's average. Bulk. $..! i,.,0 ilEht Stl.50O6.75; mixed. b.4..iao.i.. I.?".'.. ..I --;,Sill TX: rornrli Sl',.25&6.3o: PifiS, rattle Receipts. 3000; market steady. Native steers. $5.50D9.15: Western, $500i6p 3.70: cows and heifers, $3.507.70; calves, tfShJep ''Receipts 8000: market strong. Sheep. 0.90i!i7.0; yearlings, $i.iirgi8.i0; lambs, $7.758'9.90. 8AM FRANCISCO FROPPCB MARKET Prices Current In Bay Citr on FrulU, Vee tables. Etc cr itranpiscO. March 2. Butter Creamery. 26c; store, 25Vic. ' ' Ekks Fancn rancn, suae; puimiu, Cheese New, 1014Vic; Young America. lSVi15c; Oregons. 14Vie. Vegetables Bell peppers. . loc; do. Chile 716c: hothouse cucumbers, IDcv $1.10; eggplant, 010c; sprouta, 22Vic; beans, 9 10c. Onions Yellow, 800c. Fruit Lemons, $1.5092.81); bananas. Hawaiian, $1.502; pineapples, do., $1.25 California apples. Newton Pippins, U04P 85c: Bellfleurs, 2350c: other varieties 676c; do. Oregon. Newtown Pippins, $lv L25; Wlnesaps. 85cSj)$1.10: Baldwins, 75c fe$l; EpltsenDergs, n.3.i."v. Potatoes Delta, $1.10d1.2d; Oren, $1.40 fel. 50; Lompoc. Jl.tioWl.10; laano, vv.w $1.30; "sweets, $1.90feJ 2.25. Receipts Flour. 3."6 quarters; Tarlo. 3S60 centals; potatoes, 1705 sacks; bay. 180 tons. Hops at New York. HSK 1'0RK 3ira 2. Hog Quiet, Shorts' 2 00 STOCKS HOLD WELL Market Ignores Latest Devel opment in Foreign Situation. EXCHANGE RATES STEADY Steel Products Arc Advanced, but State of Copper Industry Is V'n ccrtain London lleports Arc More Cheerful. NEW YORK, March 2. On the surface at least today's stock market appeared to ignore tho latest turn to European events and Its possible effect on the foreign trade of this country. Trading was very light, but prices were well maintained in the bet ter known issues, soinn of the Eastern rail ways gaining 1 to 2 points, with recessions in the later dealings. There was a renewal. on a moderate scale of the recent selling for foreign ac count, chiefly in the bond division, and quoted values in some high-grade issues showed concessions. Exchange markets were more steady, ex cept on Germany and Italy, the better tone being due, it was believed, to the German Austrian embargo. ... Tho uncertain state of the copper Industry was shown by the varying attitude adopted by some of the producing companies in their dividend policies, ono of which re stored its regular rate of disbursement, while others deferred action or made re ductions. In the steel trade prices of cer tain specialties were advanced. Erie reported a gain in net for January of $:i3,000 and Canadian Pacific and Ches apeake & Ohio managed to cut operating expenses to the extent of yielding moderate net returns. London's markets were steady oa im provement in the ship labor situation and reduction of marine rates. Canadian Pa cific and Union Pacific reflected moderate inquiry. The local bond market was irregular, speculative low-priced issues declining sharply Total sales, par value, were $2.77. 000. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Closing Sales. Bfd. Alaska Gold ... 1.50O 2S r.3 Vj 3S 2BVi 62 10O Vi 100 120 224 25 94 Vi 6.V. 87 17 s:ti 40 10 85 123 35 Vs 23 2 6 9 7Vi 21 Vi 137 Vi 114 31 50 102 Vi 5fi 10 90 132 Vi llUVi 66 19H lOVi 11 119',i 50 11 82 Vi 47 100 'i 100 Vi 1 "li SS 104 150 16V1 142 19H a IVi 3k 81 14 26 129 Vi 118 79 42 104 61i 1 62 Amal Copper 4.800 Am Beet Sugar J.S00 American Can 1.500 1,300 Am Smel & Ref do preferred.. Am Sugar Ref.. . Am Tel & Tel.. Am Tobacco .... Anaconda Min.. Atchison Bait & Ohio . .. Brook R Tran.. Oil Petroleum.. Central Leather Ches Ohio ... Chi Gt West. . . C, M & St Paul. Chicago & N W Chino Copper . . Col Fuel & Iron . Col & Southern. . D & R Orande. . do preferred.. . Distillers' Secur. Erie Oen Electric .... Gt North pf . .. Gt North Ore . . Guggenheim Ex . Illinois Central. . Tnterbor Met pf. Inspiration Cop. Inter Harvester. . K C Southern . . . Lehigb Valley.. Louis & Nash.. Mex Petroleum. Miami Copper.. . Mo, Kan & Tex. Mo Pacific Nat Biscuit . . . National Lead.. Nevada Copper. . N T Central . . . N Y. N H H. Norfolk & West Southern Pac . . Pacific Mail .... Pac Tel & Tel . . . Pennsylvania ... . Pull Pal Car . . . 300 "ibo M0 1,0(M) 400 200 4.200 600 iloiio BOO 200 4.2110 1.7U0 6O0 4IK 3.000 400 1,1)00 R0O 2.000 3.-00 6,5V S3 4SSi 82 46'i 100'i 100'i 184 .)0II 101 1,300 100 200 19 Ray Con Copper Reading Republic I & S. Rock Island Co. do preferred.. St L & S F 2 pf Southern Pac . . Southern Ry . .. Tenn Copper . . . Texas Company. Union Pacific . . do preferred. . U S Steel do preferred.. Utah Copper . . . Wabash pf Western Union.. soo 15.800 300 1-1i 13 V4 20 142V4 194 82. 14 Vs 27 Vi 82 13V6 27 129 117 "i-i Vi 103 51 VI 1 63 SOO 1.300 200 129V4 6.400 118 "4 181800 "43V4 5fl0 104 Vi 1.000 52 20l 200 1 3 Westing Elec 70O 68 66 Vi 67 Total sales for the day, 136,800 shares. BONDS. U S Ref 2s. reg. 98 Vi do coupon.... 98 U S -3s, reg 101 Vi N T C G 3ViS. b 79V4 Nor Pac 3s 63 do 4s do coupon. . . .jui 72 Union Pac 4s. . . 4 Vi U S N 4s, reg..l09Vi)So Pac Con 5s.. 8U do coupon. .. .llOVil Weekly Bank Clearings. Bank clearings in the United States for the week ending February 25, as reported to Bradstreefs. aggregate $2,509,406,000. against $3,977,251,000 in the previous week and $2.724. 222,(KM In the same week last year. Following are the returns for the past week, with percentages of change from the same week last year: Inc. Dec v-o York $1,341,789,000 10.8 Chicago Philadelphia Boston SL Louis Kansas City Pittsburg San Francisco .... Baltimore Minneapolis Detroit Cincinnati Cleveland I, OS Angeles New Orleans Omaha ........... Milwaukee ....... Atlanta Louisville High. Low. 2!Hi 28 nat. r,ivi jb :is 2t: 26 62 61 101 101 126 vi iio" "27" 0.-; 94 -54 54 49i 87 Vi 87 17 17Vi 3t :::! 40 40 'S5 '84 122 122 35V4 30 "io' "s'vi 21 Vi 20 iisvi 31 Vi 31 Vi 'jfiii 'svji 19V4 19 isi' ' ihi' ' 1HV4 110 66 6i 'iiV'i "io vi 1234 11?i 120 Vi 120 263.327.000 6.4 126.979,000 .... 22.9 119.927. 000 .... 1.8 K3.rtOI.000 .... 4.5 64. 12O.O00 47.0 :i'..67:t,ooo 0.5 37.107.000 1.7 27. 904. 000 4 2:;.ix'.s.ooo 26.1 20.4O7.00O .... 15.0 20.475.000 . 5.1 19.650.000 8.2 .... 15.290.00O .... 24.4 16.905,000 14.7 35.752.000 1.0 .... 15,953.000 3.0 .... 11.594,000 0.0 12,:.2O.0O0 .... .5 8.942.0OO 10.8 8,994,000 .... 4.2 9.053,000 11.7 noes, 000 .... 10.3 4,1t'o,0OO .... 23.4 2, 655,0M 16-2 2,45 ".,000 .... 9.2 1,57(1,000 1.2W8.000 17.3 1.700,000 2.4 Seattle Buffalo St. Paul Portland, Or. Ms, It !.ake City. . , . snokane Oakland Tacoma Sacramento San Diego Money, Exchange, Etc. NEW YORK. March 2. Mercantile paper, a per cent. ..:-,: v..-.. .t.gdi" ftn-dav bills. RlLTIIItg Cl.ll.i'B.. - - - $4 7S50: for cables, $4.8035; for demand, $4.8t. Bar silver, 4c. Mexican dollars. 57 c. Gov-rnment bonds, steady; railroad bonds. irreBUiai. . . j.... ,,,.. Time loans, sieany; 00 anu wo uy, - va per cent; six monms, .b jjer ,t, ., .... stendv: hiifh. 2 ner cent: low 7 per cent'; ruling rate, 2 per cent; last loan, 2 per cent ; cinsmg a -s -'-"- ottered at 2 per cent LONDON, March 2. Bar silver, 23d per ounce. .......... 1 nai eei.r '..'. mim Short bills and three months. 1 7-ioian per ra , SAN FRANCISCO. March 2. Silver bars, 49c sterling. 60 days, $4.78; demand, $4.80V4; cable, $4.si. fnffeA failures. vnnL- Uamh TnlTeA Til 1 11 X'P S were almost entirely neglected today. The market closed net uncnangea io , - . .. . , r fi-f. lima S lUc .IiilV 6.6.1C: .aoc; in 11. i , .1 'i - , . August, 6.73c; September, 6.82c: October, 6.SSc; November, o.ic; "ciui, , Spot, quiet: KIO, ro. I, lc; oamuc, - t ,.,, sob 1 1-1ttd lower. tvio exuuaiiBo .. n ., In mllreiM nrlceS r.o cnaugB " ...v. and cost and freight offers were reported a shade easier in sumo ihswui., ni. tions ranging around 6.70 c for Rio 7s and S.75C ror santos. v I 1 K.IM LONDON, March 2. At the wool auction . j ,ahiiA k.l.a warn nftorfA The sales loan'- w.vw w.i. "v.. - selection was larger and of a miscellaneous character ana me; wmi u, o.u ...... rates. Cross-breds were harder, whilo scoured ,t , n r.A TV, Imarlnn hiiv. merinos reauzeu -a ers purchased a few Cape of Good Hope and Natal greasy mmnw m t,- .- rbicaeo Dulrr Troduced. rmnnn. March 2. Butter Unchanged. Eggs Lower. Receipts, 16,623 cases, at The First National Bank FIFTH AND MORRISON STREETS. ONE DOLLAR Is enough to begin an account. If you have not ht.n ted on the Thrift Road to financial success, take the first blep now by opening a savings account in this bank. Capital and Surplus $3,500,000 JL IT- Security Savings and Trust Company FIFTH AND MORRISON STREETS. Capital and Surplus MORTGAGE LOANS. THE BANK OF CALIFORNIA NATIONAL ASSOCIATION of San Francisco. Capital Paid in .$8,500,000.00 Surplus and Undivided Profits .$8,381,757.41 Commercial Banking. Savings Department PORTLAND BRANCH Third and Stark Streets LADD & TILTON BANK Established 185. Capital and Surplus Commercial and mark, cases included. 18lV4c; ordinary tirsts, lS'AffllSc; firsts, 18Vic Xaval Stare. ,-..,i.x-.TI r- .. Uarh t TlUDM tin . VV....Ii. w.. ..... - firm. 42c. Sales. 390 barrel.: receipt, 33o barrels: shipments, o.i narrei., !.". . 619 barrels. , , Rosin firm. Sales. 6 narrem: 1344 barrels; shipments, 27X4 barrels: stocks, f. a Tt. SS.Sim:- . i." '.., . ..' ii ml'i k' i3 .1.10: 11. WU, 0.43; WW. o.u. Metal Markets. NfiW YORK, March 3. Tin. five-ton lots, 4v.ir.u)41.00c: 25-ton lots, w w'' , or Copper, steady. Klectrolytlc, 14.75J'14.8Tc, casting, 14.2S14.62c. Iron, quiei, uin:iia.n. Icad, steady, 3.87ffia.02c. Spelter, strong. 1U.70(( 11.20c. New York Suirar Market. . - . . .w n dkw aiiffnr num. NKW IUHK. , .i .i-ear. S.87c: centrifugal. 4.64c. Refined, quie Dried Fruit at New York. YORK. March 2. Evaporated ap ples, dull. Prunes, quiet. Cotton Market, .xii vnOL' Vorrl, o Knot, cotton, nulet. Middling uplands, 8.45c. Sales. 1400 bales. Dulnth Unseed Market. t-ittt YTT1 TW.rrh 2. L,nsed. Icssh, $1.80; May. 1.85: July. 1.87. ROSEBURG GETS BIG PLANT Property Pnrchased on South T7mp- qua to Further Gravel Project. ROSEBTJRG, Or., March 2. (Special.) An enterprise that promises to be worth thousands or aouars to Douplas County was launched hore yesterday ' when Attorney C. F. Hop kins, representing a number ot Port land capitalists, purcnitocu -lohns property abutting the South I Dira f nf what TV ill be known as the Rosebure; Sand and Gravel Com pany- . .. , A plant costins1 several iuuuoomu lollars will be erected on tho prop rty to handle tho output. There will also oo - washers, several buildings for housins machinery, as wen as numerous . i . n i.ojii... frntn fho tirooerty to the main lino of the Southern Pacific. O. T. Larson, or I'ortiana. wilt nan r.r.t i ..A Tnnnacment of the plant. Much of the gravel and sand. It Is under stood, has already been contraciea i"r by the Southern Pacific Company. FARM EXPERT IS CHOSEN Clichalis County Commissioners to Employ Oregon Man. iiooittaM. Wash.. March 2. (Spe cial.) Chehalis County Commissioners adopted a resolution yesterday setting ide funds to proviae lor 111c nient or a farm eipen, ---the employment of A. Chapin. of Marion County, Oregon, to till tho place. Mr. Chapin is widely experienced in his work, and is familiar with climate and soil as well as market conditions of this section. The action of the Com missioners follows two years of effort to convince the ranchers ot xno couniy that they would be benefited by the hirinc- of an acriculturist. The employment ot tne inrm fiprri is the result of a series ot larmers meetings held in Aberdeen and Monte- snno to devise ways of promoting a market for reduce grown in tnenans County, and of promoting the growing of the kinds of produce that are wanted by the consumers, as well as of srettlnsr No more trouble with chuck holes and worn-out pavements when every thing is Bitulithic ess: $100,000. Founded 1864 S2.OOO.OO0 Savings Deposit the produce to the market In the proper condition. Central! School lilectlon Nrr. CF.NTRALiIA. Wash., March 2. Spo cliiX) At- a caucus hold In tbn hl;;h school auditorium last niKht .1. C Wat son was nominated to succeed hlnireli' as local School Director. At the Her. Hon next Saturday Mr. Watson will " opposed by Charles Huston, a Socialist, who announced his candidacy yester day. The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Commercial Letters ot Credit Issued. Exchuse London. I'.aalaod, lloUKht aad, avid. PORTLAND BRANCH. Corner Second and Stark Stf. F. C. M ALP AS. Manager. lEAItU.'W uuiuav San Francisco LOS ANUKLE3 AND HAS U1KUO S. S. YUCATAN Sails Wednesday. Mr. . at . M. KORTtt PAtlHO eTBAMSHIF CO, TVket Offleo n rrlht Ofrtos IX t A UM. U orthrup MsJn iSl. A 1S1 I llslB btu. A Hit COOS BAY AND tl ltl K S. S. ELDER SAILS MMI.IV, I K. 7, A. M. AND KVKRY bLNHAY TIIKKfcAlttK NOKI1I FACUIC bl tAMMIIf CO. Tlrkrt nrfles II KrelKlit Otflcs Hi A lid t. 1 Fool "tU-up St. SI .U.N UU. A 1214. I llaln fc-u.l. A iiUi. A IXUH-J VII Kt S. S. HKAVKK SAII.H 3 V. M., MAItfll J. bAN FRANCISCO LOS ANGELES I'be Siu l'rMuHiro A: I'ortland P. S. t'n.t 'I hlril nun nnmiinBinn j. i v. im . It. I. 'IVI. liirhH -I.-.IMI. A Uftl. IALLI;S-CI.IM1IIA I.I.Mi Steamer J. N. Teal leaves Taylor-st. dock Mon., Wed., Krl- .. 11 i l ti.r- Thn ltull Mtut all way landings, carryiifir friielit n. paHsenKcrs. neturninir. uvr in Luil lea Sunday, Wed., i-'ri.. 7 AM. 11. Main C13. 1 are l. berths due. American-Hawaiian Steamship Co. "TIm l'anania Caaal l.lne" KXl'KKSS I itnt.nr m.iivh i; Betwren I'ortland. w Vnrtt. Itvatoa, Noifwlk, a ami C'liMrltwtloil. For Information um to Itutri, .uilina tic Call on ur Aiitirt-it C. I. KESXEUY, Aernl, S70 Stark Street. 1'i.rllaail. Or. COOS BAY LINE Steamer Breakwater SnIU from Ainworh llo'k. I'rland, S A. M. X rdnrMda-. I'rclfch nnd 'I li'Vrt (lllliT AlliNnorlh llork. I'tinnca ImIh IHMMI, .-JXI'J. lr Tlrkrt orilrp. M ! M. I'hi.iirH Murhnll I.VMI, A I:II. IMllt'l'I.A M fOUS II A V . S. I.IMI w, , . UTEAMI'.H mHVirR V?- Ptfumcr HUVI t 111 KUN" "VJtiiik Anh-'triM't Hock dllr " torla and way polnla. Kolnrnlnd, Invra Al"il dally iittul ouo- 1 A mt 7r f'..ruflllilll. Ml ( 1 W It A N. rllv Tlckt Office. 'Ihird and Vlilnto trueti or t Ain-"trt UH l-taaati;