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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 10, 1915)
TTTE 3IORXTXG OREGOXIAN. WEDNESDAY, MARCH 10. 1915.
WHEAT ADBS TO GAIN ilf EUROPE IS IGNORED I I
Predictions Wade That Top
Prices Will Be Repeated.
MARKET CLIMBING FAST
April Delivery SHls on Local Ex
change at Advances of Four to
Six Cents Coarse Grains
Are Also Firmer.
The rhrat market l on WldeJ upward
lant and prediction are again b'ins made
br -ns d-alers tiat the hlrh prices of the
aaaaon. arored In Fehruary. will be repeated.
Tlian waa a further j-sln of 4 to centa In
local prlcea jeeterday. bat the market will
mill have to climb 19 centa before It will
to last month's record.
Thirc thousand bulhels. ail of April de
livery, were sold at the Merchants' Ex
ehanre session yesterday, as followa:
g oon April Mnesrera ? f-1
R.nno April rortyioia
in.non April clnb J t!,,
.w0 April club J .2'
R.OOO April Russian l-ss
The bluestom, fortyfold and red iheat
sale, were at a fln of centa over Mon
aye values, and clnb sold 4 and 4H cents
hlsrher. Bids elsewhere In the list were at
advances of 1 to cents. Holders were firm,
and except where sales were effected, the
askini- prlcea were SVi to T centa above the
No business was transacted in the feed
rain division, but bids were raised 75
centa to X2 over Mondays flsrures.
The strength of the Eastern wheat mar
ket, which was reflected here, was due to
tha arrent export buylnc, which statisticians
declare cannot be kept up at the present
rate without exhausting reserves long before
the new crop Is available.
ForeJcTt crop conditions are summarised
r Broomball as follows:
United Klncdora Wet weather la pre
venting sowing for the new crop and native
offers are smaller. Stocks are d'crraslns.
France TVeather unfavorable for the
erors. a rain hinders sowlnK. Native offers
Germany Weather unfavorable for the
new crop and prolonged wet weather has
caufed apprehension. Fotatoes are scarce.
Russia Hood snow cover snd crop pros
pects senerally favorable. The outlook in
Ianubian countries la fine.
Italy Out agent confirms crop damage as
- result of continued rams. It is officially
reported that it will be necessary to further
Iriport "-n.nnO.POO bushels or wheat. Tins
figure is much larger than generally
ain Drouthy and crop prospects are un
favorable. India Weather and crop outlook good.
Our aient estimates the exportable surplus
at 1M.00O.0OO bushels. An official report for
tlie foiled I'rolnres places the condition
nin.ll' from Si to 100 per cent.
Argentina Weather has been very un
favorable for all harvested grain and the
iuamv merchantable has suffered ma
terially. Local receipts, in cars, were reported by
the Merchants' rtxehango as follows:
Wheat. Barley. Flour. Oats. nay.
Bank clearings or the Northwestern cities
yesterday were as follows:
Vortlanfi S1.3::2.T. ill7,vi7
Seattle l.Sf.2.L'n 1SS.314
Taroma 3i.;,.".:.' 5;l,0-;
Spokane 53:i,U7 31. 0UU
PORTLAND MARKET QUOTATIONS
' Grain. Flour. Feed, Etc.
Merchants Exchange, noon session.
Red Russian 1.1' X
Red fifo 1.34
No. 1 white feed SS.OO
No. 1 feed J7.00
April biuestem 1.43 'i
May biuestem l.
April forty-fold 1.42hi
May forty-fold 1.43
April clut 1.41 "4
May club 1.4" Hi
April n-d Russian 1.34i
May Red Russian 1.37
-M.ril rod fife 1.3i
Mav red file 1-3
April oats r.4.co
-May oats ...oo
April reed barley 2.i)0
May fet-d barley :9.O0
April bran l!ii.UO
FI.UL.K l'alents. Si a oarrei
Wall Street Turns Its Atten
tion to Mexican Situation.
TRADERS ARE ALARMED
Market Becomes Firm and Stocks
Advance "When AVashington's
Vnclianged Policy Is Verified.
Foreign Bond Sales Fall Off.
Portland 2 3 3 1
Year aso. . . . 4i; ft . . . . 10
fWn to date.1-.14 11? KM ISIS
Year -.... 14.4M SIS." 215 140S 214:i
Ta-oma. Mon. Is .... " H
year ago... .' 3 1 ,
Sean to date. r-n 47 . 2rtf.
a-ago 7,S 644 37rt IMS
Seattle. Sat... 47 5 11 12 IS
Year ago ! 4 1G 2,
Fea n to date. ..-.:: !!7 17ri 1ri! 4vi7
Year ago.... 8,"X'l !:H l."2 !'.".
TRADING CITECKEO IN HOP MARKET
Kxpart Buying Case rending Trans-Atlantic
Business has come to a stop In all the
Cbast hop markets. .Spot stocks are very
mail and growers are Indifferent about
selling. At the same time, the demand has
been checked by the embargo. Dealers look
en thla condition as only temporary.
London hop dealers' trade circulars say:
Wild. N-eame fc Co. A strong demand still
renttnuea and a further advance in values
Jpaa taken place during the week.
Manger & Henley A good demand con
tinues at steadily advancing figures with In
dications of prices going still higher for the
few hops that are left.
Thornton A Manger The market remains
firm at the full advance, but business is
slower In consequence of the higher prices.
a rood inaulry. however, continues, cur
rency is "r&s to 115s.
W. It. & H. Ue May The market still
continues active and values have again
hardened on the week. Stocks are exceed
Worcester A good demand continues for
" and higher prices have been
waid for those lots that holders were
dined to offer, most growers
ell at present.
Imports of hops Into Great Britain, less
exports, for the months of September to
January, both inclusive, wore 60.6S3 cwu.,
as azaliun 10S.J2S cwt, during the corre
sponding period one year ago and 19i,0
cwt. two years ago.
GRAIN REMAINING ON OKLIHIN FARMS
More Wheat Than Year Ago, But Less Bar
ley and No Oats.
The Oregon state crop report for March.
Issued by the Department of Agriculture,
estimates the amount of wheat on farms on
March 1 as I.S30.0CO bushels, compared
with 1.727.000 bushels a year ago and
r.08T.0'O bushels the four-year average.
Oats. March 1, 1913. none; March 1, 1!M4,
S.016.000 bushels; average. 3,73(5,000 bush
ela; barley. March 1. 1115. .".10.000 bushels;
March 1. 1914. SS2.000 bushels: average.
IS.0OO bushels; corn, Mareu 1. 1915. 39.000
bushels: Msrch 1. 1014, 7S.0OO bushels
average. 70,000 bushels.
Prtcrs to Oregon producers on March- 1
1913, and March 1, 1914. are given as follows:
I6..-.0: whole wheat. 7.20: graham. i.
MILLr tD bpot prices: iimu, .i.w:i
.30 per ton; shorts. J29.30; rolled barley.
C'OHN Whole. 13 per ion; cracaea, tJD
jiay Eastern uregon iimomj, invm.
valley timothy. 112.30; grain hay, iu;
alfalfa, 112 13.
Fruits and Vegetables.
Local jobbing quotations:
TROPICAL. FRUITS Oranges, navels,
12'3 2&0 per box: lemons. 12.23 IM-SO per
box; bananas, efce per pound; grapefruit,
$3' 3.60; pineapples, 6c per pound; tan
gerines, 11.23 'a 1.73 per box.
VEGETABLES Cucumbers, hothouse.
$l.25'i1.3o dosen; peppers, 5035o pound;
artichokes, 73c per dosen; tomatoes, 14.&0
per crate: cabbage, l'itfSlic' per pound;
celery, 13.75&4 per crate; cauliflower. 12 per
crate; sprouts. 8 9c per pound; head let
tuce, 12 per crate; hothouse lettuce, 73c per
box; squash, lo per pound; spinach, fl.L'3
per box; hothouse rhubarb, 1012e per
pound; asparagus. 20 22 c per pound; egg
plant, Roc per pound; peas, 186720c.
UREE.N' FRUITS Apples, 50011.50 per
box: cranberries. $11012 per barrel.
POTATOES Oregon, tiff 1.10 per sack:
Yakima, $101.25: Idaho. $1.10; new pota
toes. 10c per pound; sweet potatoes. 3)4 &3!4c
ONIONS Oregon, selling price. $1 per
sack, country points.
HACK VEGETABLES Carrots. $1.25 Per
sack; beets, $1.50 per sack; parsnips. $1.25
per sack; turnips, $1.7.1 per sack.
Dairy and Country Produce,
Liocal Johlilng quotations:
EOGH Frejh Oregon ranch, case count.
13V$19c, according to quantity; candled,
POULTRY Hens. 13il44c: broilers, !
f 20r: turkeys, ilrensed. 20c; live, 13c; ducks,
U)rl4r; getse. SlilOc.
lilTTEIt Creamery, prints, extras, 34c
per pound In case lots: Vfec more In less
than case lots; cubes. 2Sfir29c.
CHEESE Oregon triplets, jobbers buying
price, l.ic per pound, f. o. b. dock, fort
land; Young America. 16c per pound.
VEAL Fancy. 13'?lSttc
fOUK Block, iH-tiluc per pound.
Local Jobbing quotations:
SALMON Columbia Kiver one - pound
tails, $2.30 per dozen; half-pound flats, $1..0;
one-pound flats. $2.50; Alaska pink, one
pound talis, $l.t5.
HO.VEV Choice, 3.25 per case.
NUTS Walnuts, lA.24c per pond; Bra
sll nuts. 15c: filberts. 15-24c; almonds, 23
5p24c; peanuts, 644c; cocoanuts, $1.00 per
dozen; pecans, 1920c; chestnuts, 10c
BEANS Small white. oVjc; large white,
6Wc: Lima, 6tac; pink, 56c; Mexican, tttac;
COFFEE Roasted. In drums, 18H33i4e.
Sl'GAK Fruit and berry. $6.30: beet,
$6.10: extra C. $5.so; powdered. In bar
rels, $11.55: cube, barrels, $8.70.
SALT Granulated. $15.30 per ton; half
ground, 100s. $10.75 per ton; 50s, $11.50 per
ton: dairy. $14 per ton.
RICE Southern head. 64 9vic; broken.
4c per pound: Japan style, 4ft'5c.
DRIED FRLITS Apples, sc per pound;
apricots. 13 15c; peaches, 8c; prunes, Ital
ians, bs9c: raisins, loose Muscatels. Sc; un
bleached Sultans, 7Wc; seeded, 8'g9c; dates,
Persian, loc per pound; lard, $1.65 per box;
currants, 8 4y 12c.
Hops, Wool, Hldett, Etc.
HOPS 1914 crop, 13I5c; 1913 crop,
13514o per pound.
HIDES Salted hides. 15c; salted bulls.
10c; salted kip. 15c; salted calf. 19c; green
hides. ISSsc; green bulls, 9c; green kip, 15c;
green calf, 19c; dry hides, 26c; dry calf, 2So.
WOOL Eastern Oregon, coarse. 224j25c;
Eastern Oregon, fine. 18v0c; Valley, 25c,
MOHAIR New clip. 26 27c per pound.
C.ASlABA BARK Old and new. 4 fee per
PELTS Dry long-wooled pelts, 13c; dry
short-wooled pelts, 10c; dry shearings, each.
0fefl5c; salted snearings. eacn. laKP2Ac;
dry goats, long hair, each. 12tvl2fec; dry
goat shearings, each. 10fe20c;; salted
sheep pelts, February, J1S1.0O each.
HAMS All sizes, 17H18i4c; skinned, 17
6ISc; picnic, 12c; cottage roll. 13ttc;
BACON Fancy. 272Se; standard. 239
24c; choice. 17H;22c; strips, 174c.
DRT SALT Short clear backs, 1315Mo;
exports. 15'4i17c; plates. UH&13C
LARD Tierce basis: Kettle rendered,
12Vc; standard, 12c; compound, 8 Tic
BARREL GOODS Mesa beef, $23; plate
beef. $24.50; brisket pork, $28.50; pickled
pigs' feet, $12.50; tripe, $9.50011.60; tongues,
KEROSENE Water white, drums, barrels
or tank wagons, 10c; special drums or bar
rels, 134c; cases, 17Vi20Vic
GASOLINE Bulk, 12c: cases, 19c; engine
distillate, drums, 7tc: cases, 14fec; naptlia,
drums. 11c; cases, 18c
LINSEED OIL Raw, barrels, 71c; raw,
rases, 76c; boiled, barrels, 73c; boiled, cases,
TURPENTINE In tanks. 60c; In casts,
7c; 10-case lots, 1c less.
NEW YORK, March 9. For the first
time since the outbreak of the European
war condltitine across the water were today
almost wholly subordinated to events nearer
homo. Latest developments in the Mexican
situation, as seen In the attitude of the
Washington Government, drew renewed
tention to affairs in the Southern republic
and excited concern in financial circles'.
Prices became firmer when It became
known that Washington had not departed
from Its policy of non-intervention in Mex
ico. Recoveries to the early high level were
recorded, but trading grew Increasingly dull
with few material changes at the close.
Retirement of the Gould or dominant In
terest from the Missouri Pacific and St.
Louis Iron Mountain roads was reflected
by considerable activity at advancing prices
in securities of these properties. Later,
however, profit taking In Missouri Pacific
caused some shading of quoted values.
Manipulation continued in the so-called
commercial specialties. Including the -motor
shares. Sears-Roebuck, Woolwortli and ex
press company Issues, but was wttiiout ei -feet
on the speculative favorites, where the
movement was more narrow.
The feature of the foreign exchange mar
ket was the strength of remittances 10
Madrid. pfetns advancing snsrply to
cause of an abrupt decline In sterling at the
Because of the large amount ot uio
capital now held by local banKs. time money
was dull, six months' loans being made at
!, per cent. Sales of slocks for the day
totaled 209,100 shares.
There was marked decrease of future or
foreign sales of our bonds. Our bankers an
nounced an impending loan of $lf..OOO.00 to
tho government of Switzerland In the form
of one to five-year 5 per cent notes, the
proceeds to be used for -purchases In this
country. The notes will De ouerra to im
public at a price slightly under par, accord
ing to report.
Total bond sales, par value, aggreagtea
;.417.iOO. United States bonda were un
changed on calL
CLOSING STOCK QUOTATIONS..
DEMAND FOR EGGS EXCEEDS 8UPn.Y
lxal Market la Firm and mall Advance
The egg market is a shade firmer with
some prospect of a small advance. . The
speculative demand, both local and North
ern, keeps the supply here closely cleaned
up, and consequently sellers are trying
to obtain better prlcea Tho next day or
two will determine the success of their
There was a better Inquiry for poultry
and receipts were not heavy. Large hens
sold at 14tfl4Ss cents and ordinary hens at
13 & 13 Si cents. Geese and ducks were slow.
White geese were quoted at 12014 centa
and runners at 106 11 cents. Turkeys were
worth not much more than hens.
Dreased meats were also firmer. Dealers
asked 10 cents for the best block hogs, and
top vtals were quoted at Ujl2j cents.
There were no chances In tha butter and
MW-CKOP CABBAGE IS IN MARKET
First Car Arrive From Southern California.
Oranges Are Firm. V
The first car of new cabbage of the sea
son reached the street yesterday from Los
Angelee. It was of the Cannonbail variety
and the quality waa good. It sold at :&
eanta a pound. A car of Wlnningstadt cab
age la In transit and will arrive the latter
part of the week. A car of head lettuce
also arrived. .
Seven ears of oranges were on the steamer
NEW YORK, March 9. Coffee futures
were lower today under some scattering
liquidation and a little trade selling, which
may possibly have been inspired by the con
tinued large Brazilian receipts and turtner
heavy clearances from Brazil to the United
stales. The market opened at a decline of
two to three points and closed at a net Ios3
of seven to 13 points. Sales, 13.000 bags.
March. 5.54c: April, 3.62c; May, 5.69c: June,
5.72c; July. 6.73c: August, 6.82c; September,
6.Me; October, 6 9,".c; November. 6.99c; De
cember, 7:0."ic January. 7.09c.
Spot, quiet; Rio, No. 7, 7c: Santos, No
The Brazilian markets were unchanged.
SAVANNAH, (in.. March 9. Turpentine,
4-c. sales, JFT I'arr.-is; receipts, 6; shipments,
22: "locks. 21,1"7.
ftosin llrm. ShIos, 352 barrels: receipts,
208; shipments. 3"0; stocks, 119.72S. Quote:
A, B. $2.90: C. D. $3.02 : E, F. G, 11,
11.07'-: I. 3.124: K. $3.224; K, $4; N,
$5; WG, $3.45; WW, $5.55.
NEW YORK. March 9. Tin, nominal,
five-ton lots, 47.00'51.0t"c.
Copper, firm; electrolytic, 14.75 14. 87c;
Iron, steady and unchanged.
I.cad, 8.90W 4.00c.
bpelter, 11.40c bid.
Alaska Gold . . .
Amal Copper . .
Am Beet Sugar
American Cn ..
Am Smel & Ilef
do preferred. .
Am Sucitr Hef..
Am Tel & Tel. .
Annconda Mill ..
P.alt Jc Ohio . . .
Brook R Tran..
fa! Petroleum ..
'lies & Ohio . . .
Chi Gt West . ..
C. M c St Paul.
Chicago & N W
rhino copper . .
Col Fuel aV Iron
Col A Southern. .
D &- R Grande .
Gen Electric . . .
Gt North pf . . .
Gt North Ore . .
Interbor Met pf
K C Sout hern . .
Lehigh Valley ..
LouLs & Nash . .
Miami Cooper ..
Mo Kan & Tex.
Nat Biscuit ...
National Lead ..
N Y Central . . .
N Y, N H H..
Norfolk A- West
Northern Pac ..
Pac Tel & Tel. .
Pull Pal Car ..
Ray Con Copper
Republic I 8
Hock JBlana t o.
St I. & S F 2 pf
Southern Pac ..
Southern Ky . . .
Tenn Copper . ..
Union Pacific .
U S Steel
do pretorrea. .
Utah Copper . ..
Total sales for the day.
Statement of the Condition of
The Northwestern National Bank
Of Portland ,
At the Close of Business
March 4, 1915.
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
Capital Stock paid in $ 500,000.00
Surplus and Undivided Profits 111,108.68
Statement of the Condition of
Portland Trust & Savings Bank
At the Close of Bnsinesa
March 4. 1915.
Loans and Discounts ...v...$ 743,539.73
Bonds and Stocks 135,078.0
Real Etate and Furniture and Fixtures 249,316.94
Cash On Hand and Due From Banks 452,873.63
Capital Stock . $ 300,00000
Surplus and Undivided Profits , 53.35043
DIRECTORS OF BOTH INSTITUTIONS: H. L. Plttock, Chairman of the Board; L. B. Menefee, John Twoby, A. D. Charltan.
George H. Kelly, A. S. Nichols, O. L. Price, J. D. FarrelL F. W. Leadbetter, Emery Olmstead.
Combined Deposits, $4,438,724.27
EXPORTS TOO LARGE
Foreign Buying Will Exhaust
EXCITEMENT AT CHICAGO
U S Ref 2s, reg. 9SX Y C G 3s, b 80
do coupon 98iNor pac :ta 414
U S 3s. re- 101 do 4s 91
do coupon 101 Union Pac 4s... S9
USX 4s, reg. .109iSo Pac Con us.. 97
do coupon. .. .11QI
Money. Exehallgc, Kir.
NEW YORK, March 9. Mercantile paper,
FterlliiK exchange, easier: 60-day bills
J4.70: for cables, $4.6110, for demand,
Bar sliver. 50c
Mexican dollars. 3Sc.
t Government bonds, steady: railroad bonds,
Time loans, steady; 60 days. 2iS24 per
cent: 90 duvs. 3 per cent: six months, d l
per cent. Call mor.ey steady. High, 2 per
cent; low, 1 per cent: ruling rate, 2 per
cent; last loan, a per cent; closing old, 1
per cent: offered at 2 per cent.
SAX FRAXCISCO, March 9. Silver bars,
POc. Sterline. 60 days. J4.70; demand, e4.8094 ;
LONDON. March 9. Bar silver, 23 9-16d
per ounce. Money, 1 per cent. Discount
rates, short and three months, 1 per cent.
Prices Close Strong1 Willi Advances
Up to 5 3-1 Ocitts Scramble
to Get Grain Causes
CHICAGO, March 9. Assertions that ex
ports of wheat from the United States were
progressing at a rate about twice as rapid
as' conditions would warrant sent the market
today to a much higher level. Reactions did
not prove of a lasting sort, and there was
a firm close at c to 5"4c net advance.
Corn finished c to Vic down; oats a
shade to o up and provisions off 10c to
It was a runaway bull marKet in wneai
at the start and again in the final hour.
The Government report on farm reserves, as
construed by a well-known authority, waa
said to show that the United States could
onlv spare 4,000,000 bushels weekly from
now until the marketing of a new crop. As
this would be less than half the present
rate a scramble to buy took place.
Corn was inclined to drag because of the
slowness of cash demand.
Weakness of corn put a handicap on
Enlarged receipts of hogs today acted as
a weight on the provision market. It was
said there was prospect also of an i
creased movement throughout the West.
treading futures ranged as follows:
recelpl5i Wheat 104, oats 1, barley 0.
1.1. flour 5.
SAN FRAXCISCO PRODUCE MARKET
Trices Current in Bay Clly on Fruit, Veg
SAN FRANCISCO.. March 9. Butter
Creamery. -4c: firsts. 25c; seconds, 22c.
Rsss Fancy ranch. Uu; pullets, 18c.
Cheese New, 8fa' lc; Young America,
13 15 c; Oregon's, 14 c.
Vegetables Bell peppers, 7(fi535c; hothouse
cucumbers, 30c ji xi.io; eggplant. 4oc; peas,
Oifrllc; asparaeus, 1- '3 loc.
Onions Yellow, 65 85c
vrnit T.emnns. 1 1.S06; 2.50: bananas. Ha
waiian. $1.50''ti''i; pincHPples, do., Sl.r.0'i2.ri0;
California apples. Pippins, O.iCv'S.ic: Belle
fleur 25ia50e: other varieties, S075o: do.
Oregon Pippins, $1(8)1.25; Spitzenbergs, $1.36
iil. 50; Baldwins, 75c$l; Wlnesaps, suo
Potatoes Burbanks, Oregon, $1.401.&0:
delta. $1.1043.1.20; Northern, $1. 10' 1.-3;
Lompocs, $I.'i.Vq 1.S0: Iduho. OOcii Jl.SS;
sweets. $.25(rt:2.75; new. 6c per pound.
Receipts Flour. 070 quarters: barley. 1200
ceutuls; potatoes, lfifaO sacKs; hay, 199 tons.
NEW YORK. March 9. Raw sugar, easy;
centrifugal. 4.71c; rrolasse-i sugar, 3.94c. Re
fined nuiet. Late in the day sales or x-
ooo bags of Porto Rico sugar were made on
the basis of 4.4c for centrifugal. Molasses
sugar eased off to 3.87c.
Tlulillb Linseed Market.
DUIUTH. March 9. Linseed, cash $1.85
May, 51.804; July. $1.87.
flops at New York.
NEW YORK. March I). Hops Quiet
Open. High. Low. Close.
$1.61 $1.65 $1.51 $l.5ri
1.20 1.22 1.19 1.22
74 .74 .72 .73
70 .76 .75 .75
57 .58 .56 .57
51 .63 .52 .53
llried Fruit at New York.
NEW YORK. March 9. Evaporated
Prunes, easy; California. 401Oc.
Peaches, weak: choice, 5(S5c; extra
j choice. 55c; fancy, 8'4& uc.
Chicago Dairy Produce.
CHICAGO, March 9. Butter Lower.
Eggs Lower. Receipts. 15.855 cases. At
mark, cases included. 117c; ordinary
firsts, 10c; firsts, 17c.
NEW YORK, March . Spot cotton. Quiet;
miduplands. 8.75c. Kales, 200 bales.
Oregon National Forest Maps Ready.
The United States Forest Service has
rn hand a supply of Oregron National
Forest maps. The Oregon National
Forest lies in the northerm portion of
the Cascade Mountains in Orefon. extendi-!--:
from the Columbia Kiver
southward to ' the divide between the
Clackamas and Santiam rivers. This
map shows the Bull Run forest, from
which the City of Fortland obtains
Its water supply.
NO TAX REFUND ORDERED
School Board Only . Enjoined From
Further Sylvan Collections.
The school district, under a decree
itrned yesterday by Circuit Judsre
Kavana.ugh, will not have to refund to
tho Sylvan district approximately $3000
in taxes collected when It was supposed
Sylvan was a part of the City or Fort-
land. The decree was entered in the
suit of H. L. Keats and others against
Tho City of Portland will have to
refund its share of the taxes collected
from Sylvan property owners . under
The suit grew out of the consolida
tion which was declared illegal by the
Judge Kavanaugh's decree enjoins
the collection of any more taxes by
the School Board.
PASCO SEEKS SEWER FEE
Xo Payment Made for Courthouse
Connections, Records Show.
PASCO, "Wash., March 9. (Special.)
No fee for the new Courthouse's sew
er connections with the city system
ever was paid. It was learned this week,
and no sewer charge was ever made
for the block on which the Courthouse
stands. There is no record of a permit
ever having been Issued to the Court
house for connecting with the city
A flush tank was removed in making
the Courthouse connections, which
caused a partial blocking of the sewer
main on that street, and In repairing
this the other facts were brought to
light. The City Council adopted a reso
lution asking the county to pay Its fees
for connecting and the charge for sew
erage privileges and to restore the flush
tank which was removed.
$1.53 61.55; No. 1
10.47 10.17 10.37
rush nriccs were:
Wheat No. 2 red.
hard, $1.55(31.5i .
Corn xo. 2 yellow, 74c; No. 4 yellow.
70e-71c: No. 4 white, .orgiiic.
Timothy $4.50 6.W).
Clover $10.50 'tii 14.
Primary receipts Wheat. 550,000 vs. 659.
000 bushels: corn. 567,000 vs. 1.170,000 bush
els: oats, 703,000 vs. 956, ooo ousneis.
Shipments wneat. n,uiw vs.
bushels: corn. 750,000 vs. 725,000
oat' 1 122.000 vs. 6S5.000 bushels.
Clearances Wheat, 333.000 bushels; corn,
253.0OO bushels; oats, 23,000 bushels; flour,
Worlds visible Wheat 171,769.090 vs.
Bradstreefs visible Wheat increase,
Kuropean drain Markets
T.nvnnN. Mflrch 9. Cargoes on
Wheat, steady, 4d to tjd
LIVERPOOL, March 9. Options Corn,
( ash wheat. Id to ld higher.
Corn, unchanged lo d higher.
PARIS, March 9. Wheat and flour, un
changed. BUENOS AYRES. March 9. Wheat, d
Minneapolis drain Market.
MINNEAPOLIS, March 9. Wheat May,
$145: July. $I.40-); io. i nara, i.oi-i
No. l Northern. $1.47 1.51 ; No. 2 North
ern. $1.43 (o '1 f"4-
Barley B4(-i nc.
Flax $1.82 fl-Seij,
Other Eastern Wheat Markets.
DULUTH. March 9. Wheat closed: May.
$1.49; July, $l-4?..
WINNIPEG, March 9. Wheat closed: May,
$1.52 bid; July. $1.52 bid.
ST. LOUIS. March 9. Wheat closed: May,
$1.01 bid; July, $1.18.
Grain at San Francisco.
SAN FRANCISCO, March 9. Spot quota
tions, nominal. Walla Walla $2.40(4 2.42 per
cental; red Russian, $2.40ffl2.42 per cen
tal; Turkey red. $2.4.&2.50 per cental; blue-
stem, $2.aU(J2.ou per cei.iai.
Barley iFeed, $1.4UI1.42 per cental.
Oats White, $1.77 tf 1.80 per cental.
Bran S28.0028.30 per ton. -Middlings
$32. 00& 33.00 per ton.
Shorts $30.00631.00 per ton.
Call board sales Barley closed: May,
$1.37;; December. $1.38 bid. $1.40 asked.
Puget Sound Wheat Market.
TACOMA. March v. Wheat Blueslem.
$1.30: forty-fold. $1.32gi..is: ciuu, $1.30; red
fife, S1..1. t-ar receipi.ii w ucai n, Dttney
6, corn 4, oats J, nay 1 1;
SEATTLE, March 9. Wheat Biuestem,
t,4l; forty-fold. $1.39; club, $1.38; fife,
iSii; Sustian, $t,i. Yesterday's car
LIVESTOCK BUN SILL
M ARKF.T IS
Slupr'c Load la Received at Yards.
Outlook for Hog Iiidq.str-r
The livestock market was inactive yesterday.-
Tho only receipts were 60 hogs and
4 cattle, shipped in by C. E. Lucke, from
Estacada. A few lots carried over from tho
nrecedlnjr day were disposed of and the
market in General was unchanged.
Commenting on the hoe situation in the
Northwest, the Western Farmer, of Spokane,
It is to be regretted that In many sections
of the Pacific Northwest many tanners are
ilisnnslnir of their hogs at a sacrifice In
price. There seems at first glance to bo
valid reason for this condition in sections
where wheat growing is engaged in, due to
the present outlook for high prices for
wheat next Fall on account of the war. As
result of this condition thousands of hogs
have been dumped on the market and low
iiHres have necessarily nrevailed. Tills con
diiion is striking a body blow at the swine
industry of the Northwestern states ana
unless checked r'lil take years to overcome.
What is needed is to plan to not oniy
ontiuue to grow h'igs, but to grow feed for
them other than wheat. This can lie done
this Spring by a little planning ahead In the
nlantinir of crops that can be utilized for
hop- feed, such as corn, to take the place
IhH Summer fallow. Barley, oats. Spring
rye. field peas and the utilizing of alfalfa
and clover, these crops can orsi ue mar
keted through live stock anil no better way
has bten found than by teeuing to nogs.
Sales on the local market yesterday were
Wt. Pricel II wethers. 140 $7.00
7.00; Western steers. $.00S 7.75 : Texas
steers, $.-..8'' 7.20 ; cows and heifers, $1.70
(S(i.7.--: calves, (. 7.00c 10.00.
. Sheep Receipts, 5000; strons-er. Tear
llngs. $2.-S."0; wethers, $7.35(87.80;
Chicago Livestock Market-.
CHICAGO, March 9. Hogs receipts.
l.QQo; dull, 5 cents under yesterday's aver
age. Bulk. $0. SO ft (5. 90: light, C..15(ii 0..95:
mixed. $fi.2.Vj1.9.-.: heavy, $..;5Wti.!K-i;
rough. $i.S' in 6. 00; pigs. $"i.758.7ri.
Cattle Receipts. 4000; weak. Native
steers. $."i.S.-.7 9.00; Western. $0. 1 K W 7 0;
cows and halgers. $8.40ftT.SO: calves, $t .V
Sheep Receipts, 12,000; sr-iady. Hhftep.
$7.ui'ii 7.0O; ytiurllngs, $7.R0tj-..; lambs.
BootleRccr SeMiteuccd at J"ond!oton.
rKN'DLETOX. Or.. March l. (Spe
cial.) Still another bootlcggor was
found gtiiltv of soiling liquor to an In
dian In Police Court yesterday. Fred
Parr chose a 20-dav sentonco rather
than pay a fino of 40. 1'arr is. said to
bo nn old offender.
2 hogs. . .
7 hogs. . .
414 hogs. .
i cows. . .
3 cows. . . .
10 hogs.. . .
Prices current at the local stockyards on
the i.ariniiK i-laSSCS of EtQk:
Prime steers $7.50i"f 7.70
Choice steers 7;5(-J;
Tofllnm Rteera ................. e.i5(077.2.
Choice c-ws .00jji6.ntl
Medium cows 5.00(11.6.25
Heavy 6.90 6.00
Omaha T.Iveetoik Market.
SOUTH OMAHA, March !. Hogs Re
ceipts, 12.700; stronger. Heavy, $G.fi2
0.7U; light. $S.0'4il.7n: pigs, $5.00toS.0O:
bulk of sales, JH OOS; .7.
Cattle Kecelpts. 00U0; steady. Native
steers, gtlOOffi'S-OO: cows and heifers, $.-i.0O'
' HEAD OFFICE
A general banking business
Interest paid on time deposits.
Commercial Letters of Credit
Exchange on London. England,
Bought and bold.
Corner Second and Stark Eta.
F. 0. MALPAS. Manager.
Charter No. 4514.
CONDENSED REPORT OF
The United States National Bank
of Portland, Oregon.
Submitted to the Comptroller of the Currency at the Cloae of
Business March 4, 1915.
Loans and Discounts
United States Bonds at Tar
Municipal and Railway Bonds
Customers' Liability on Letters of Credit
Cash in Vaults $2,579,752.52
Due from Banks 1,072,787.65
Letters of Credit. .
. ..$ 1,000,000.00
. . . 1,000,000.00
. .. 1,150,000.00
, . . 8,679,476.45
The First National Bank
FIFTH and MORRISON STREETS
CAPITAL AND SURPLUS - - - $3,500,000
Interest Paid on Savings and Time Deposits
Security Savings and Trust Company
Fifth and Morrison Streets
CAPITAL AND SURPLUS - - -MORTGAGE
THE BANK OF CALIFORNIA
of San Francisco. Founded 1S64
Capital Paid in $8,500,000.00
Surplus and Undivided Profits $8,381,757.41
Commercial Banking. Savings Department.
Third and Stark Streets
LADE) & TILTON
Capital and Surplus S2,O00,00O
Commercial and Savings Deposits