n
BUYING IS URGENT
TTK MORNING OnEGONIA. TUESDAY, MARCH 1913.
Wheat Soars Over Eight Cents
in Chicago Pit.
CASH TRADING IS HEAVY
Market Incited Over Prospeci ol
Italy and Greece Becoming- In
volved in Kuropcan AVar.
JFnrm TIcscrvcs Reduced.
CHICAGO. M.trch S. V1icat jumped up
Sc In Miuo today, owing lo urgent buy
ing ascribed to the war crisis regarding
Italy and Urecce, and to wcll-Cpunded belief
t?iat domestic farm reserve would prove
small. The market closed nervous, S'Ac to
ltc above, Saturday night. Other net ad
;cu arerc: Corn, Sc to c: oats. 1C
lo 11c, and provisions, ISc to 30c.
The" crrat of Jlay wheat was Sl.4ni,. The
finish was slightly under the top level of tha
suasion and 17 He down as compared with
February 3. the highest record of the war
July, the option In which speculative busi
ness was most active, bulged 4 lie before tho
greater upward swing of the earner montn
wan stopped.
Hi cash salei since Saturday, firm
rabto ouotations and unfavorable weather
in Argentina, ld to a decided advance at
the opening. Bullish scntlmrnt was further
Increased by estimates that domestic siocks
were r.ow 21.000.000 fcushela leis than at the
orcpondins; time a year sso. Note was
alsa taken of tho complete suspension of the
Import duty In Spain. Large purchasing of
flour by ;recco helped bring about a rur
ther jump in the market. Besides primary
receipts and the vtsinie supply snowca an
unusual falltne; off and there were bullish
predictions regarding the uovernment . re
t.ort as lo farrn reserves.
Mowm-ss of cash demand as compared
with immense stocks on hand prevented
rorn from responding freely to tho strength
of wheat. Farm reserves turned out to be
smaller than expected, but this circumstance
did not develop In time to influence today's
prices.
Data showed pronounced firmness, not
withstanding lessened call from the sea
board. Miilllsh help came from a decrease
In tho visible supply and from a consequent
fcvjlef that farm rrserve figures would De
mall.
Provisions rose with hiss and grain.
Leading futures ranged as follows:
WHEAT.
Open. High- Low. Close.
May $1-43'.3 ?1.49S $1.4314 $1.4i
July 1.16 1.13", 1.1S 1.19
CORN".
Mir' ZZ'i .74 .73VJ .73?4
Juiy 70 .7o:ii -' 0 r,
OATS.
Mv ..'.'? .57 w
July o."- .o: .:.". .iz
MESS I'OKK.
May 17. 7"
July ls.lo
17.92
1S.SJ
LARD.
10..".
10.93
17.70
1S.1U
17.92
1S.3S
10..17
lu.io
19.13
10.13
103
10.O
10.22
10.30
May in.SO
Juiy 10. SO
SHORT RIBS.
Jlay 18.15 lO.rl
July 10.42 1D.J0
I'acb prices were:
Wheat No. 2 red, SI. 40$ LSI; No. 2 hard
l.47i-trl..-.l.
corn No. 2 yellow, 74c; No. 4 yellow,
71c: No. 4 white, :oW71c.
live Nominal.
Barley 7l5 3?c. ' .
Timothv Ji. ..".j 6.60.
Clover i0.il) I4.
Primary re.-eipis W'hat. 694,000 vs.
l.n22,M0 bushels: corn, it7,0oo vs. 1.4.79,000
bushels: oats. 771.000 vs. 1. 074.0O0 bushels.
Shipments Wheat. 616,000 vs. 433,000
bushels: corn. 6r. S 000 vs. 909.000 bushels:
oars. IS.'i.flw vs. 784.000 bushels.
i Jearances Wheat. 338, ooo bushels; corn,
II9.O11O bushels; cats, 13,000 bushels; flour.
S,00O barrels.
FA KM KKSLKVES BELOW ESTIMATES,
blocks of Wheat, Oats, Barley and Corn Left
in First Hands.
WASHINGTON. .March 8. Despite the
much-discussed effect of grain exports to
Europe on the home supply, today's official
report by the Department of Agriculture on
the percentage of the 1914 wheat, corn, oats
and barley crops remaining on farms March
1. shows only alight decreases when com
pared with the percentages of last year.
Wheat remaining on farms March 1
amounted to K.-tMM,000 bushels, or 17.2 per
cent of tl-e 1114 crop, the Department in
nounced. About 60.7 per cent of the 1914
crop will bo shipped out of counties where
grown. Present reserves compare with 151.
"0.000 bushels or 19.9 per cent of the 1913
crop remaining in 1014: loa,43.000 bushels
or 21.4 per cent of the 1912 crop remaining
In 1913, and 122.02.'.. 000 bushels or lu.o per
cent or tne isii crop in lvi.
Corn About 9IO.8U4.000 bushels or 34.1 per
cent of the 1914 crop remained on farms
larcli 1. 1013, compared with 8Hd,392.04l0
bushels or :i..4 per cent of the 1913 crop in
1914. and 1.2ff.rtO.".,ooO bushels or iu per
cent oi tne im- crop in Jtfu.
Oats About r.79.369.600 bushels, or 33.2
per cent of the 1914 crop remained on farms
March 1. 1915, compared with 419.47U.000
bushels, or 37.4 per cent of the 1913 crop in
3914: and tio4.2Itt.OOO bushels, or 42.0 per
cent or the ltn - crop in into.
Barley About 42.SS9.000 bushels, or 22.0
per cent of the 1914 crop remained on farms
March 1. 1915, compared with 44,120,000
bushels, or 24.8 p-r cent of the 1913 crop in
1914. and H2.2s3.00O bushels, or 27.0 per cent
of the 1912 crop in 1913.
European Grain Market.
LONDON, March 8. Cargoes on passage
firmer, lid to 9d higher.
LIVERPOOL. March 8. Corn d higher.
PARIS. March 8. Wheat iid lower;
flour, lad lower.
BUENOS ATRES, March 8. Wheat 1H
to ; Vid higher. Corn and oats unchanged.
Minneapolis Grain Market.
MINNEAPOLIS. March 8. Wbeat May,
1.40; July. SL3&H: No. 1 hard. $1.40;
No. 1 Northern, $ 1.41 6 1.45 H ; -No. 2
Northern. $1.374 lL43tt.
Barley t.6 & 75c
Flax (LSI !i el.85.
Other Eastern Grain Market.
ST. LOUIS, March 8. Wheat Close, May
$1.4i. July S1.47i bid.
KANSAS CITY. March 8. Wheat
Closed. Mi' SL4H bid, July 1.1 2 14 asked.
WINNIPEG. March S. Wheat Closed,
May $L47 bid, July $1.47 bid.
Corn May 3c asked. July S3 He bid.
PILUTH. March s. Wheat Closed, May
$1.4?,. July l.40i asked.
Uraa at San Francisco.
SAN FRANCISCO, March 8. Spot quota
tions nominal; Walla. 2.40( a42-: red Rus
sian. 2-40r 2.42H : tturkey red, $2.45?2.50;
biuestem. S2.5oj2.55; feed barley. S1.S7S
white oats. SI. 7711. SO: bran. $23.54 28.50;
middlings, $32.00033.00; shorts, S30.008
31.00.
Call board Wheat, steady. No trading.
Barley, firm; December. 31.3SU; May, L37.
Statement of the Condition of
The Northwestern National Bank
Of Portland
At the Close of Business
March 4, 1915.
RESOURCES.
Loans and Discounts $1,908,711.32
United States Bonds 50,000.00
Stock in Federal Reserve Bank 11,500.00
Other Bonds and Securities 577,965.57
Furniture and Fixtures" 74,966.68
Cash on Hand and Due from Banks 1,347,980.72
$3,971,124.29
LIABILITIES.
Capitol Stock paid in $ 500,000.00
Surplus and Undivided Profits 111,108.68
Circulation 148,750.00
Deposits 3,211,265.61
$3,971,124.29
Statement of the Condition of
Portland Trust Havings Bank
At the Close of Business
March 4, 1915.
RESOURCES.
Loans and Discounts .'. $ 743,539.73
Bonds and Stocks 135,078.49
Real Etate and Furniture and Fixtures. . . .V 249,316.94 '
Cash On Hand and Due From Banks 452,873.63
$1,580,808.79
LIABILITIES.
Capital Stock '.. 300,000.00
' Surplus and Undivided Profits 53,350.13
Deposits 1,227,458.66
$1,580,808.79
DIRECTORS OF BOTH INSTITUTIONS: II. L. Pittock, Chairman of the Board; L. B. Menefee, John Twoliy, A. D. Charlton,
George H. Kelly, A. S. Nichols,. O. L. Price, J. D. Farrell, F. W. Leadbetter, Emery Olmstead.
Combined Deposits, $4,438,724.27
TRADE REPORTS BRIGHT
SEWS OF GENERAL IMPROVEMENT
HELPS STOCK MARKET.
Steel Corporation lncrcae lt Ontpnt
to 75 Per Cent of Capacity Vn
. filled Tonnage Greater.
-t iv- -vowv March fi. Stocks made
further decided progress towards higher
inu An a fuiriv larco volume of
business, some of which was believed to rep
resent investment inquiry.
The new week bctan with numerous re
w.-.. nf rrn.mi trade improvement, par
n.,,i.,.iv in the steel and allied Industries
. eMm ih. MiririlA West pointed to
..j the Kniied States Steel Cor
poration was reported to have increased its
A.,n a T.. ner cent oz capacity, rum
r .Ha St.l rnrDnratian'B untllled ton
nDa vh rh will be issued OH .weunesuaj.,
suggest a gain of not less than 200,000 tons
over February, which in turn showed an
increase of 412,000 tons over December.
United States Steel, with several of the
.. , A imil.ttmitM
leaains railway w" -o
Copper. led the movement throughout the
session. iteunztns iw llJ"" ' "
minor recessions in the later dealings, but
. : ... . nn1nt. w.rn the rue.
nefc gaius w..w ..
:oppers ana tne usual ihihcciwucou.
. t - ..... f.rni. frl ul nflll
ot specialties B 1'" w. .. -
intervals, the rise in the metal shares being
.lienaea ujr iuhui l"
. ( vausnna apftniniinlli the rise Of
certain stocks, noiaoiy
which was strong in London, and New
vi , VAn which -howed a Dronounced decrease
in its delicit for January.
Stocks and Donas ot tne several ilii i ue.
comprising the Gould group were active at
nigner prices, iiimui. .
Iavoraoie oeTeiupiiiciii. l iUi... "
ing OL IHO , .1 . . . . -. - -
The Government crop report showed a de-
. r . i . . Aa In uvm .pmrvpo nf
crease ui ..vi L ."v .,.
grain. Total sales of stocks for the day
were -os.ouu snares.
UDBUB v . I IT Biimih , " "
sive selling tor foreign Interests. Total sales,
par value, were J2,ol5.0o0. Panama cou
pon SS advanced "k per cent on can.
Closing
Sales. High Low. Bid
Alaska Gold ... 3."oo :;0't 30 Son
Amal Copper .. loo .u7i 544 &.ti
Am Beet Sugar 1.700 40H 304 3Vi
American Can . . 3.300 27- 28
Am Smel & Ret 3.J00 4 6.t'i 6ST4
do preferred.. 300.103 102 1 103
Am Sugar Kef.. 600 102 102 102
Am Tel & Tel.. 4jo ISO 120 120
Am Tobacco ... -mo 224 223 V 224
Anaconda Min.. 1.S00 264 204 2H
Atchison 2.400 tleOs I"'5- '5.
Bait & Ohio ... 2,000 69 614 i"A
Brook R Tran.. 2,000 88T4 b8 88
Cal Petroleum.. 2,200 18 17V 17
Canadian Pac. 6.000 161 l0i
Central Leather 500 34 H :(4H 341.
Chu a Ohio ... 00 43'i 41 4'4
Chi Gt West... 200 10 10 30
C. M & St Paul 210 S8 87 87
Chicago N W 123
Chino Copper .. 900 36 36 36
Col Fuel & Iron 400 25. 24 24
Col & Southern 24
Jj 4 R Grande 6
do preferred 10
Distillers" Secur TOO 8 8 8
Erie -.300 22 22 22
General Elec .. 5W 140 13B 140
Gt North nf... 1.2O0 116 113, 115
Gt North Ore.. 2,100 32 32 .12
Guggenheim Ex COO 51 51 50
Illinois Central 103
Interbor Met pf 2,00 60 39 09
Inspiration Cop 2,700 20 20 20
Inter Harvester t3
K C Southern 22
Lehigh Valley.. 2.000 136 135 135
Louis Nash 112
Jlex Petroleum. .6.100 6S 66 67,
Miami Copper.. 700 20 20 20 1
Mo. Km A- Tcr ' 10
Hibernia Savings Bank
of Portland, Oregon.
Statement at Close of Business March 4, 1915.
RESOURCES.
Loans and Discounts $1,993,706.45
Real Estate, Furniture and Fixtures , 41,145.15
Stocks and Securities
Bonds and Warrants
U. S. Government 4 Bonds $ 54,500.00
City of Portland Impvt. Bonds.. . 291,440.37
Other Bonds and Warrants 12,745.64
24,657.31
358,686.01
Cash on Hand and Due From Banks. 675,936.62
$3,094,131.54
LIABILITIES.
Capital Sfock $ 200,000.00
Surplus and Undivided Profits 113,165.49
Dividends Unpaid 1,312.00
Savings and Time Deposits $1,861,914.83
Demand Deposits 917,739.22
Total Deposits 2,779,654.05
$3,094,131.54
The First National Bank
of Portland, Oregon,
At Close ( Business MaruJ . IIM3.
RESOIRCKS.
Loans and discounts 1 2.1 0 T. I ." 7.7
V. S. Bonds at Far 1. soo.ooo.no
Other Bonds, etc ,
Stock in Federal Reserve Bank
Bank Premises and Real Estate
Customers' Liability Under Letters of Credit
Due From U. S. Treasurer
Cash or, Hand and in Banks
1.SNT.4 7.1.IK
SO. OOil.OO
i2t.t:i:..::i
"li.4!t.Ml
76.P0tl.fl"
i.Oii7,4l 4 i.ti
i::.js;.s;;.
LIABILITIES
Capital Stock 2.i0,iioo no
Surplus and Undivided Profits l.osn.s:) I
Circulation l.vtil.r.ns.on
Letters of Credit 40.MH..M1
Deposits 1 7,fi6S.S7 8".
.:,557.7:.30
Condensed Statement "
Security Savings and
Trust Company
"75 ' Portland. Oregon
at Close of Business on March 4, 1915.
RESOURCES
Loans ....$ 504,007.11
Bonds, Stocks 362,204.77
Real Estate None.
Customers' Liability Under Letters of Credit. . . :;8,824..r.O
Cash on Hand and in Banks 118,118.72
$1,023,155.1(1
LIABILITIES.
Capital 250,000.00
Surplus and Undivided Profits 202,399.6s
Letters of Credit 39,154.50 .
Deposits &31.600.92
$1,023,155.10
Mo Pacific
Nat Biscuit
National Lead..
Nevada Cop. . . .
N Y Central...
N V. N H & H
Norfolk & West
Northern Pac.
Pacific Mail...
Pac Tel & Tel.. .
Pennsylvania ' . .
Pull Pal Car
Ray Con Copper
Reading
Repub 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..
XJ S Steel
do preterred. .
Utah Copper. . . .
Wabash pf ....
Western Union
Westing Elec. .
Total sates xor
6,200
2,400
2,400
400
3.800
0.100
1.100
5.600
2,500
200
1.900
24l
500
3.200
1.900
2,700
500
1.800
12
5.-1
55
13
84
51
102
104
103
151
1T
146
20
85
16
27
135
120
300 48
1.000 105
3,900 53
12
54
54
13
83
49
101
103
105
151
17
143
20
84
15
27
134
118
'44
104
52
11
64
54
13
83
53
102
103
20
25
105
J. 'Ii
17
14,i
20"-
1
3
84
15
27
1S4
120
70
4
104
53
600 63 63 63
1.10O u es tf
the day, 260,900 shares.
BONDS.
V S Ref 2s, reg. S
do coupon.... 98
U S 3s, reg 101
do coupon .... lot
U S N 4s, reg..i0
do coupon. .. .iios
N Y C G 3s, b SO'
Nor Pac Ss 64
do 4s 91
union pao 4S... vo
So Pac Con 5s. . 98
Money, Exchange, Etc.
NEW YORK, March 8. Mercantile paper.
sti ft 31 Der cent.
Sterling exchange barely steady; 60-day
bills, $4.7950; for cables, S4.S135; for de
mand, J4.S1.
Bar silver 50 C.
Mexican dollars SSc.
Government and railroad bonds strong.
Time loans steady; 60 days, 22 per
rent: ! days. ?Hf3 per cent; six months,
Puget tMuad Grain Markets.
SEATTLE, March 8. Wheat Blucstem,
L: forty-fold. S1.33; club. 1.S; fife,
Sl.:s: red Russian, J1.35.
Barley -...! per ton.
Yesterday's car receipts Wheat 47, oats
1.. Daney , nay 12, flour IL
TACOMA. March 8. Wheat Biuestem,
fl. 35; forty-fold. tL321.33; club. 1L30;
red fife, ILii.
Car receipts Wheat 3. corn 1, oats S.
bay 8.
BAN FRANCISCO PRODUCE MARKET
rrires Current in Bay City on Fruit. Veg
etables, Etc
SAX FRANCISCO, March 8. Butter
Creamery. SSc: firsts. 24 c: seconds, a 2c.
Eirg Fancy ranch, 20 c; pullets. 18 c
Cheese New, 819 12c; Young America,
13tlc: Oregons, 14c.
Vegetables Bell peppers, 725c; hothouse
cucumbers. 0c$l.lO; eggplant, 4-3 ic; peas,
nlle; asparagus, 13'i:c
Onions yellow, 14j S5c.
Fruit Lemons, $1-6002.50; bananas, Ha
waiian, $l.ie3: pineapples, do.. $1.25t2;
California apples. Pippins. C5S0c: Bclle
f!eur, 25ric: other varieties, 5075e: do.
Oregon Pippins. 81 1.25: Spltsenbergs. 11.54
451.50: Baldwins, 7-ctr$l; Wincsaps, $5o
11.10.
Potatoes Burbanks, Oregon, $1.40$ 1.50;
delta. fl.10ftl.2i: Northern. $1.101.25;
Lompocks. $l.irl.S0; Idaho, ct$l.S3:
sweets. $2.2iKi2.75; new, 6c per pound.
Receipts Flour, 6352 quarter sacks; bar
ley, l'.:o centals; potatoes, 617S sacks; hay,
1077 tons.
Iluloth Unseed Market.
PCLUTH. March 8. l.lnsced Cash,
1.SI; May, LSS; July, $1.87.
x ItEPORT OP THE CONDITIO' OF
Merchants National Bank
WASHINGTON' AND FOURTH STS.,
PORTLAND, ORKGON.
At the Cloae of Business March 4, 1015.
RESOURCES.
Loans and Discounts .., J2.193,
t'nited States Bonds 433,
Premium on Bonds ' 7.
Other Bonds, Stocks and Warrants S60,
Real Estate and Mortgages 57,
Furniture and Fixtures.. 29,
Han Vino- Premises 78
Cash and Due From Banks T
1,115,
643.39
300.00
1S6.39
.8S4.13
760.69
750.00
500.00
767.34
$4,776,761.94
t LIABILITIES.
Capital Stock
Surplus antk Undivided Profits.......
National Bank Notes Outstanding
Dividends Unpaid
Bonds Borrowed
Deposits
500,000.00
109.839.67
490,000.00
448.75
125,000.00
3,551,473.52
$4.77,761.9
33 per cent. Call money steady; blgb,
2 per cent; low, 1 per cent; ruling rate,
1 per cent; last loan, 1 per cent: clos
ing bid, 1 per cent; offered at 1 per
cent.
SAN FRANCISCO, March S. Silver bars
Slc
Mexican dolllars 40c.
Drafts Sight 2c, telegraph 5c.
Sterling 60 days, $4.79; demand, $4.81;
cable, $4.81.
LONDON, March 8. Bar sllver 23 d pet
ounce.
Money 1. per cent.
Discount rates Short ami three months,
1 per cent.
Hops at London.
LIVERPOOL, March 8. Hops at London,
Paeific roast, f.1 10sWi4 l.'s. -
Charter No. 4514.
CONDENSED REPORT OF
The United States National Bank
of Portland, Oregon.
Submitted to the Comptroller of the Currency at the Close of
Business March 4, 1915.
I
RESOURCES.
Loans and Discounts 5,597,251.70
.United States Bonds at Par 1,116,000.00
Municipal and Railway Bonds 1,559,078.22
Bank Building 125,000.00
Customers' Liability on Letters' of Credit 12,883.60
Cash in Vaults $2,579,752.52
Due from Banks : 1,072,787.65 S.652,540.17
Total .$12,062,753.69
LIABILITIES.
Capital
Surplus
Undivided Profits
Circulation
Letters of Credit. .
Deposits
1,000,000.00
1,000,000.00
220,393.64
1,150,000.00
12,863.60
8,679,476.45
Total :'. T $12,062,753.69
Statement of Condition
Lumbermens National Bank
of Portland
V At the Close of Business March 4, 1915. J
RESOURCES. " " -
Loans and Discounts . . . $3,375,342.55
U. S. Bonds and Other Securities to Secure Circu
lation 5l!),06b87
U. S. Bonds to Secure Government Deposits 75,000.00
Stock in Federal Reserve Bank 22,100.00
Municipal Bonds and Premiums $8U9,444.73
Other Bonds.. 44,532.59 013,977.32
Furniture and Fixtures 53,850.00
Redemption Fund With U. S. Treasurer 18,770.00
Due from U. S. Treasurer.- 8,730.00
Cash on Hand and in Banks 1,468,532.94
Totaf i .$6,485,369.68
LIABILITIES.
Capital ,....$1,000,000.00
Surplus and Undivided Profits . 236,041.02
Circulation 375,400.00
Deposits 4.873,928.66
Total M85.3W.B8
Iteport of the Condition of
The Scandinavian American Bank
Portland, Oregon,
At the Close of Business March 4, 1915.
RESOURCES.
Loans and Discounts. .......
Stocks and Bonds
Ileal Estate
Furniture, and Fixtures.
Cash and Due From Banks..
Total Amount of Kesources.
..$1,044,959.88
.. 170.379.35
30,936.18
16.135.50
450,804.13
-$1,713,215.04
LIABILITIES.
Capital Stock Paid In
Surplus and Profits
Deposits '.
Total Amount of Liabilities.
.$ ioo,ooo.po
23.905.61
. 1,589.309.43
-$1,713,215.04
Statement of Condition of
LADD & TILTON BANK
At the Close of Business March 4, 1915.
RESOURCES.
Loans and Discounts ' $ 7,806,586.43
Bonds and Stocks ' 3,375,446.44.
Customers' Liability on Letters of Credit 71,994.09
Real Estate : 60.000.00
Cash on Hand and Due From Banks 3,406,007.77
$14,780,031.73
LIABILITIES.
Capital Stock Fully Paid. $ 1,000.000.00
Surplus and Undivided Profits 1,315,940.52
Letters of Credit 82,064.34
Reserved for Interest and Taxes 47,000.00
Deposits 12,335,029.87
$14,780,034.73
Condensed Report of THE CITIZENS BANK
Portland, OrrKon,
At the Close of Business .March 4, 191.
HESOlllCES
Cash and Due from Banks...
Loans
Cltv of Portland Bonds
Ke.1 Estate and Fixtures...
Capital Paid In
Surplus and Profits....
Deposits
LIABILITIES.
$rl I. .M..
:'.H,K7r. :'n
lil."..4lo l.O
2S.O60.O0
$7:6, 931. fi 9
$ 1 00.000. All
jXiioh.04
6H4.P:! !.
$7 2ti.931.H9
7H