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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 28, 1915)
THE SIOTtTSTCG OREGOXIAX WEDNESDAY, APRIL 28, 191.1.
OATS BIDS OPENED
Albers Makes Lowest Price on
ARMY REQUIRES 300 TONS
Fortluntl Firm's Tenders Are at
$1.69 and $1.79, Shipment to
Be Made According to Quarter
The Albers Bros. Milling Company' was
the lowest bidder for the Government's or
der for oOOO tons of oats, bids for which
were opened yesterday morning ttt the of
fice of Colonel John A. Baxter, quartermas
ter United States Army. The oats are to
be shipped to the Philippines.
The Albers Company bid 1.79 on 2000
tons, to be shipped on tho first transport
after July 1. and $1.09 on 3 000 tons for
August-September shipment.. The Northern
;rain & Warehouse Company, the only other
Portland bidder, in a do a price of ft. 83 on
the entire 3000 tons, to be shipped accord
ing; to the specifications.
Bids were also opened at Seattle, where
the Albers Bros. Milling Company submit
ted the same proposals as at Portland. W.
W. Robinson & Co. tendered a bid of $1.81 .i
on tho full amouut required and Kerr, Gif
ford & Co. put in a bid of $1.85.
The bids will be passed upon by the Wax
Department at Washington, D. C.
The local grain market was a dull affair,
with but little interest shown in the wheat
division. Merchants' Exchange sales were:
100 tons prompt oats $:to.5n
10O tons June bran 25.00
The buyer of the spot oats paid $l.r0 over
the bid price of Monday, while offers for the
latter deliveries were raised 23 cents. Wheat
bids ranged from 1 cent higher to 5 cents
lower. So little Interest was shown that on
dome of tho deliveries there wero no bids
Tidewater receipts, in cars, are reported
by tho Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Portland Tues. 0 1
Tear ago .... 1:! 2" 10 ; r
Ro'sn to date. ir.71! 1SH7 17SS 1SS7 1S!!
Tear ago 15,21.", 2 13S 2512 1342 2403
Tacoma Mon. 12 1 j
Tear aco .... li ....
Ke'nn to date. S71:S r"3
Tear ago . . . 840l 71 -
n 1 i
Year ago .... It
4 It 2 .11
Se'sn to date
4.-.0 1051 20S2 1100 2250
:'.!7 1042 1 SKI 1174 4H09
WOOI MARKET FITVRE CN'CERTAIN
Mills Taking on Foreign Wool. While Do
mestic Growers TTold Back.
The Eastern wool trado seems entirely at
Boa as regards the future of tho market. In
commenting on tho uncertainty of the situ
ation. Fibre and Fabric says:
'Foreign wools continue to hold the cen
ter of the stage in the Boston wool markets,
while domestic wools are showing no signs
of life, other than the puttering business
reported from week to week. At prices "for
which most of these wools sell the dealers
claim that they are profitable to them and
quite as attractive from the same point of
view to the manufacturer when compared to
the prices he has to pay for domestic wools
and is quite likely to pay should the dead
lock in the Western price situation not be
'Out of the mazes of this hazy situation in
rool there seems to exist, as is natural, a
frreat difference of opinion ns to what the
result of foreign wool buying will be on
tho prices of the new clip. Some say that
if the wool dealers allow a sufficient num
ber of manufacturers to load up on foreign
wools it Is bound to cause an easing off in
the West, since it is thought that the grow
ers cannot hang on as long as the majority
of tho manufacturers can keep away from
the domcstlo market. This might mean until
they have absorbed all the foreign wool ob
tainable. In consequence, this might result,
through a greater than ordinary demand for
it. In higher prices that might in timo top
those being asked in the West for practically
tho same qualities of wools.
'On the other hand, otlrers say that we
have not as yet received a sufficient quan
tity of foreign wools equal to what would
be our normal takings of them up to date,
snd since It is expected that it will be June
or July before the bulk of them get here,
the feeling Is that manufacturers will in the
interim bo compelled to enter the market
for somo of the new clip at whatever prices
the growers might ask of tho dealers if the
deadlock is not broken before then.
"For the past two weeks fears have been
entertained that consignments would become
general In view of the deadlock. But as
time goes on there Is a feeling abroad that
such is not likely to be the case, because In
the first -place the majority of the growers
are not likely in their present frame of mind
to consign any great amount of wool except
at high asking prices. Wuilo general shear
ing Is about to start in full, buyers In the
West are not showing any great anxiety
over missing any bots. although In a few
isolated cases buyers have paid asking prices
for certain clips."
OOOS KBKRKIES ARE NOW LN MARKET.
First Shipment Is Received From Sprtag
hrook SI raw-berries Scarce.
' That the Spring is unusually early this
year is shown by the fact that Oregon
gooseberries are already in market. A ship
ment was rocelved yesterday from Spring
brook, and sold at SfijiJO cents a pound.
Strawberry arrivals were light and the
market was firm. Jessies from Florida sold
at $2 a crate. A larger shipment from
Florin and a car from Los Angeles are
due today. A small shipment of California
cherries was also received.
A car of California Bermuda onions ar
rived, whito crystal wax selling at $2.23,
and yellow onions at $2 a sack. Asparagus
was rather scBrce and firm. Other vege
tables were steady.
Wide Range In F.gr Prices.
Tho egg market was reported steady. A
wide range of prices was quoted in differ
ent markets, but the bulk of tho business
seemed to be at IS and 18 U cents.
The supply of poultry was greater than
the demand and dealers did not quote over
l."7 cents on hens, with prospects of a
lower price today. Dressed vcuwas weak,
but pork was steady.
The butter market was active at un
changed prices. Cheese was weak at the
Hop Sales In California.
California advices indicate a weaker hop
market in that state. Among the latest
sales are a carload of Sacramentos by
Cnlgnohoun at 8 cents and the Roud lot of
170 bales of Sonomas at 6 cents. I. S.
Marks bought 1U5 bales of Tehama hops
from the Los Malines Hop Company at 8Vs
cents. No business is passing in the Ore
Bank clearings of the Northwestern cities
yesterday were as follows:
rortlimd $2.2.13, 5sr, ,$;il7.448
Seattle - - l,i2.GIS sti.niT
Tacoma , 2S.4!is 24.303
Spokane 4.;i.87 :$p.24t
1-OBTLAKD MARKET QUOTATIONS
tirain. Flour, Feed, Etc.
Merchants' Exchange, noon session:
l;eit Kursian . . . .
No. 1 white feed . .
X". 1 feed
.tune I lueBtem . . .
AU iorti.toid . ..
. 33. 23
. 24. on
. 2 1.50
June fortyfold 1.20 1.32'4
May club 1.26 1.2014
J dne clrb 1.2S 1.30
June red fife 1.20 1.2
May red llussian l.iy 1.25
June red Russian ........ ..... 1.2)1
May oats 33.25 33. 50
June oals 33.25 34.O0
May l.arl-y 24.t" 2U.U0
June bailey 24. (Ml 20.50
May bran 24.50 23.n0
June bran 25.00 25.50
May shorts 24.50 26.00
June shorts 23.00 27.00
FLOUR Patents. $(I.S0 a barrel; straights.
$6.25; whole wheat. $7: graham, $6.80.
M1LLFEED Spot prices: Bran, $2 per
ton; ehorts $2S; rolled barley, $30031.
CORN Whole. $;'S per ton; cracked. $36
HAY Kastern Oregon timothy, $14 15;
Valley timothy, $1212.50; grain hay, $10
12; alfalfa. $12.5013.50.
Fruits and Vegetables. t
Local jobbing quotations:
TROPICAL FRUITS Oraneesr navels,
$2.503 per box; lemons. $3.50j?4.50 per
box: bananas. 4i45c per pound; grapefruit,
$43, pineapples, 7c per pound: tangerines,
$1.251.75 per box; blood oranges, $1.50 per
VKGBTABLKS Cucumbers, hothouse,
$t$j,1.50 per dozen; artichokes, 75c dozen;
tomatoes, $5 per crate; cabbage. 2 14 3 Vic
per pound; celery, $4.50 per crate: cauli
flower, 70c$lJ2o per dozen; head lettuce,
$2.25 per crate: spinach, 5c per pound; rhu
barb. 1 i (& 2ci per pound: asparagus. 75CS)
fl.10 nor dozen: eggplant, 25c per pound;
peas, 7Sc per pound; beans. 12 15c per
(iltEEX FRUITS Strawberries, $2 per
crate; apples, $14?1.75 per box; cranber
ries. $111. 12 per barrel; gooseberries, 8
1 le per pound.
POTATOES Old, $1.73 2.25 per sack;
new. G&8c per pound.
ONIONS Orenim, selling price, 75c per
sack, country points; California, Jobbing
price, yellow, $1.75 2; white, $2.25 per
SACK VEGETABLES Carrots, $1.5o per
sack; beets, $1.50 per sack; parsnips, $1.23
per sack; turnips, $11.50 per sack.
Dairy and Country Produce.
Local jobbing quotations: ,
EGGS Fresh Oregon ranch, case count.
18 18 Ma per dozen.
ruLLTHY Hens. J5c; broilers, Jo
f?27M:C; fryers. 18(&i20c; turkeys, dressed,
22f 24c; live 1820c; ducks, 12(3 13c; geese,
BUTTER Creamery, prints, extras, 25e
per pound in case lots; more in less
than case lots; cubes, 2122c.
CHEESE Oregon triplets, jobbers' buying
price, 14c per pound. , f. o. b. dock, Port
land; Young Americas, 15c per pound.
V EAT. Fancy, 11V-e per pound.
PORK Block, lOlov-c per pound.
Local jobbing quotations:
SALMON Columbia River one - pound
talis. $2.30 per dozel; half-pound flats,
$1.5o; one-pound flats, $2.50; Alaska pink,
one-pound talis, $1.0.-.
HONEY Choice, $3.?5 per case.
NUTS Walnuts. 15i3!24e per pound; Bra
zil nuts, 15c; filberts, 15??24c; slmonds. 23
&)24c; panuts. fiic; cocofimits, $1 per doz
en; pecans, 1920c; chestnuts, 10c.
BEANP Small white. 6V;C: large white,
ec; Lima, H4c; pink, 58c; Mexican,
0Hc; bayou, 6'Ac.
OOFFKE Roasted. In drums, 3m33Vie.
SUGAR Fruit and berry, $8.70; beet.
$0.50; extra C, $6.20; powdered. In barrels,
$6.05: cubes, barrels, $7.10.
SALT Granulated, S15.50 per ton: half
ground, 100s. $10.75 per ton: 50s, $11.50 per
ton: dairy, $14 per ton.
RICE Southern head 6 '.4 Iff fi c : broken.
4c per pound; Japan style, 53Uc.
DRIED FRUITS Apples, 8c per pound:
apricots. 13(5'15e; peaches, Sc; prunes, Ital
ians, Sfji'Oe; raisins, loose Muscatels. Sc; un
bleached Sultanas, 7c: seeded, Oo: dates,
Persian, 10c per pound; fard, $1.65 per box;
currants, S-H ij !2e.
Hops, Wool, Hides, F.tc.
HOPS :t14 crop, nominal; contracts,
lie per pound.
HIDES salted hides. 13c: salted kip,
lSVsc; salted calf, 17c: green hides, 12c;
green kip, 13c; green calf, 17c; dry bides,
24c; dry calf. 2Cc,
WOOL Eastern Oregon, medium. 25tg?fle;
Eastern Oregon, fine, 1618c: Valley, 280
MOHAIR New clip, 324(fT33e per pound.
C ASCA R A BARK Old and new, 4(84iic
PELTS Dry long-wooled pelts, 15c; dry
hurt-wonled pelts, 1?,c; dry shearlings, eacb,
10c; sailed shearlings, each, 15fff25c: dry
goat, long hair, each, 13c; dry goat, shear
lings, eneh, 10(2oc; salted Bheep pelts,
April. $14J2 each.
HAMS All sizes, 17 t 18 M c : skinned, 17
Gf-ISc; picnic, 12c; cottage roll, 13 Vic;
MACON Fancy, 27W2Kc; standard, 23
21c' choice, 17 i ?22c; strips. 17V4e.
DRY SALT -Short clear backs, i315yic:
exports. 1317c; plates, llVjia13o.
LAUD Tierce basis: Kettle rendered,
12V-C; standard. 12c; compound, 8c.
BARREL GOODS Mess beef 23c: plate
beer, $24.50; brisket pork, $28.r,0; pickled
pigs' feet, $12.50; tripe, $11.50 0 11. Bo.
KEROSENE Water white, drums, barrels
or tank wagons, 10c; special drums or bar
rels. LIVfcc; cases. 1 7 M; 8 -0 Vi c.
GASOLINE Bulk, 12s; cases, 10c; engine
distillate, drums. 7 Vic; cases, IVic; naphtha,
drums. He; cases. ISc.
LINSEED Oil. Raw, barrels. 75c; raw,
cases, 80c; boiled, barrels, 77c; boiled, cases,
TURPENTINE In tanks, 60c; in cases
67c; lO-case lots, lc less.
SAJf FRANCISCO rKOIIl'CE MARKJ2TS
Prices Cnrrent in the Bay City on Fruits,
SN FRANCISCO, April 27. Butter
Fresh extras, 23Vic; prime firsts, 22Vic;
fresh firsts, 22c.
' Eggs Fresh extras, 22c; fresh firsts,
19H-c; selected pullets. 20c.
jL'heese New, Sialic; Young Americas,
l'-c; Oregons. I4c.
Vegetables Hothouse cucumbers, $1.50oi)
1.75: asparagus. $1.25 hl. HO ; string beans,
f,ffi'7c: wax, 5(o6c; peas, 3Ci4Vic; celery,
$1.50Ca'2; Summer squash. 65fttfS5u.
Onions California, 73c!a$l; Oregon, 90c
Fruit Lemons, $1.50 (a-3: Mexican limes,
$4rn,5; grape fruit, $1.251.75; oranges,
$l.52.r0; bananas. Hawaiian, $1.50(125;
pineapples, Hawaiian, 4(i:5 per pound; ap
ples. Pippins. h0cp$l.l5; Oregon reds, $1.50
$1.2; other stock, 40'a'75c.
Potatoes Oregon, S1.50WZ: Idaho, $1.50t?i
1.90; new, 2&'3c; Lompocs, $2; sweets, $1.75
Receipts Flour, 4970 quarter sacks; bar
ley, S3S0 centals; potatoes, 2450 sacks; hay,
HOQUIAM BOND VOTE SOON
H $157,000 is Issued May 25, City
Will Be IMit on Cash Basis.
HOQUIAM, Wash., April 27. (Spe
cial.) Approval of a bond issue to be
voted on May 23, which provides for
the issuance of $157,000 in bonds, prac
tically will put Hoquiam on a cash
basis. The 'call for the election has
just been issued by tho city commis
sion, and is made under tho law passed
by the last legislature providing for
validating current expense warrant
The election was to pass upon two
issues, the validation of $145,000 in
current expense indebtedness and the
issuance of $157,000 in bonds to pay off
the old warrants and meet the accrued
interest on these warrants. As there
is practically no oppesitiou to the
plan, it is expected that the bonds will
be carried. If such is the case, with
the sale of the bonds Hoquiam will be
one of the few cities of the Northwest
with no warrant Indebtedness.
Wapalo FVnit Xot Damaged.
YVAFATO, Wash., April 27. tSpe
cial.) Fruit men of this section report
no loss from frost to the fruit crop.
All soft fruits promise an abundant
crop, while apples will be only about
half a crop. The shortage in apples
Is not accounted for, -except that it
might be an off year for the fruit.
Hopes are entertained that the short
crop may be made up by additional
' Douglas Sends First Berries.
ROSEEUUG, Or., April 27. (Special.)
C. K. Henry, a well-known rancher
of Dillard, has the distinction of ship
ping the" Mrst crate of strawberries from
Douglas County to the Portland mar
kets. The berries left here Saturday.
They were large, of excellent color and
were well flavored. They met ready
rale at fancy prices in the Portland
Portugal is an agricultural and not a
manufacturing coun'.ry, and Its prosperity
depends to a large extent on the success or
failure of tho crops.
LAST MOHAIR POOL
Lebanon Growers Obtain
33 3-8 Cents for Clip.
HIGHEST PRICE OF YEAR
Values , in 1915 Are Strengtliened
by Extreme War Prices for Wool.
Record of Sales in Previous
' Seasons Presented.
The mohair pool sale at Lebanon yester
day disposed of the last pool formed in
Oregon this year, so fas as local dealers have
been advised. The price paid, 33 cents,
was the best of the season, topping the
Brownsville sale price by a quarter of a
cent. There is a considerable quantity of
mohair still remaining in the valley which
will be disposed of at private sale.
The 1915 pool sales, the quantities offered
and the prices realized were us fallows:
Walker. 1700 pounds ? ' ' S1; ?lt
Kddyville, H2,0tH 3" -
Kiddle, L'OOO pounds ''SjJ'Tn
Selo VJ.O00- pounds - fi:; , i
Brownsville, 00OU pounds
Junction City. 10,000 pounds
Lebanon. 0,000 pounds
For purposes of comparison, the results
of pool sales in former years are given. Last
year mohair prices slumped, largely because
of the tariff change. This year the war
prices for wool "gave strength to the mohair
market. The record of Ithe 1014 sales fol
Eddyville. 30.000 pounds .....L'S
Cottage Grove, l'J.000 pounds - H
Junction City. 13.000 pounds -'i'.a
Lebanon. 18,000 pounds -Sl4
Scio, IH.OOO pounds 28
Fool sales In 1013 were as follows:
Riddle. 10,000 pounds 33 '4
Brownsville. 7WO pounds 33
Carlton, G.'iOO pounds ',:
Iebanfm. 'Jr-.OOO pounds
Scio, 20.000 pounds 4
Kddvville. 2R.000 pounds
Cottage Grove, 10,000 pounds 34
The following prices were obtained in
Carlton. 2000 pounds '.F'-S"'
Brownsville. 7000 pounds ".
Kddyville, ' lO.ono pounds :tS.4."
Hlllsboro. 4O00 pounds 34.75
Scio, B000 pounds 36.23
LEBANON. Or.. April 27. (.Special.)
The Lebanon mohair pool was sold this
afternoon to A. M. Reeves, of l.ebanonr for
3:1 cents a pound. The pool comprises
between 300O and OOOO fleeces and w-ill
amount to about 20,000 pounds.
EARLY GAINS ARE LOST
EXTENSIVE STOCK SELLING WIPES
I iquldntlon Due to Reports That Italy
Had Recalled Her Diplomatic
NEW YORK. April 27. Such activity as
was manifested by today's stock market was
almost wholly at the expense of quoted
values. Trading in the first half of the
session was the lightest of any day for sev
eral weeks, but this condition was reversed
In tile last hour, when an extensive selling
movement wiped out a good part of the earlv
gains and caused some net losses.
The selling was preceded by reports that
Italy had recalled her diplomatic repre
sentatives at the leading .European capitals.
Including Berlin. There were some recov
eries from lowest prices, notably in United
States steel, but the closing was distinctly
steel was easily the chief feature of the
session, reassumtng its place as leader. It
registered a small decline at the outset, but
Brew steadily strong with the progress ot
the session and was at its best w lien the
late liquidation checked its course.
The movement in steel was watched with
unusual interest, because it was expected to
give a possible hint of the company's earn
ings for the first quarter ot the year. This
statement, which was not issued until after
the market's close, showed earnings of $12,
457,8o. an increase of $1,524,639 over the
preceding quarter. The deficit, after pay
ment of the preferred dividend, was $3,
3S!,X01, against $5,006,2S3 reported three
Coppers were less prominent than hereto
fore, despite a higher quotation for tho
metal based on largo foreign orders. Invest
ment Issues in the railway division evinced
a firmer tendency until overtaken y con
Tho Krie road reported a March net gain
of $183,000. and Missouri. Kansas & Tekas,
whose affairs are In progress of reorgan
ization, gained $375,000.
Total sales of stocks amounted to 673,000
Bonds were fairly firm on a moderate
amount of dealings. Total sales, par value,
aggregated $5,."84.O00. United States bonds
were unchanged on call.
CLOSING STOCK QUOTATIONS.
Sales. High. Low. bid.
Alaska Gold 34 30 38 SS'i
Amal Cop 21,0110 78 7'4 77
Am Beet Sugar. 13.T.OO 30 48 40
Amer Can 44.1O0 37S :ui'i :;
Am Sm & Refg. 7,2o 74 72 73
do pfd ::H 1"7 lOK - liHi
Am Sugar Ttefg. 1.8110 111 llo 111
Am Tel & Tel.. 1.100 122 120 121
Am Tob 1.2CM1 24oii 230 230
Anaconda Win.. U..I0O 38 Vs 37 37
Atchison 4.000 04 103 10
F.alt Ohio.... 3.000 78 77'i 77
Br Rap Trans.. l.BOO JH 90 91
Cal Petroleum.. Stoo 18 17!i 1S
Can Pacific 5,100 1W3 l5tj 17
Cent leather... 18. loo iV. 39 30
l'ho & Ohio... 1,500 47 47 47
Chi Cir West... , 4"0 12 12 13
Chi Mil & St I'. 1.900 9tS 93 95 'i
Chi & N W 130
("hlno Copper... 4.:W 40 46 48
Colo F & lion.. 3.700 32 31 32
O & K G 7 '.4
do pfd 12
Dist Securities.. 2. 000 rjti 11 12
Erie . 3.SOO 2S 2 2S
Gen Electrlt .".00 143 152 152
Gr North pfd... 1.000 121 120i,i -121
Gr Nor Oro ctfs. 3.400 .".7 .".7 3
(iugirenheim Ex. 10,400 64 J2 62
Illinois Central. Ill
Inter-Met pfd.. 2,200 71 70 71
Inspiration Cp. 223 . 34 33 33
Inter Harvester - 103 1
K c Southern.. Hon 25 25 23
Lehigh Valley.. 2,500 143 142 143
Louis & Nash 124
Mex Petroleum. 31.000 9 S7 89
Miami Copper.. 9.3o 28 27 21
SI K T 2.2rt 12 31 12
Missouri Pacific. - 4.700 13 12 i:;
National Biscuit 12o
National Lend.. 2.700 64 63 64
Nevada Copper. IO.I11O 36 16 16
N Y Central.... 2. loo 80 88 SSi;
N Y. N H & H. 4,600 6S 66 67
Nor & West 500 105 105 1115
Nor Pacific 1.34M1 lull 2-f'0 1091.
Pacific Mail 2.U00 23 23 22
Pac Tel & Tel sa
Pennsylvania ... l.ooo, 110 11" 1'"
Pull Pal Car... 3"M 301 3110 161
Rav Cons Cop.. 18.4ort .-,7j, .; 14 04
Reading 38. 000 152 350 15o
Rep Ir Steel. 2.2oo 20 2! 28
Rock Isl Co.... 30O
do pfd , 1
StL&SK 2d pfd 3
South Pacific... 9. mo 95 92 92
Southern Ry. . . . l.noo is 18 18'
Tennessee Cop; l.SOO 33 34 34
Texas Co 1D6
Vnlon Pacific. 300 132 3SO 1.11
U S Steel 07,500 58 57 57
do pfd 500 309 108 '109
Utah Copper.... 27. OO0 71 69'4 70ii
Wabash pfd... 611O 2 2 Hrl
Western Union. 1.2O0 6S 68 6S
Westing Elec... S.4O0 "87 S7 85
Montana Power. 600 54 33 53
Total sales for the day, 673,000 shares.
U S Ref 2s. reg. 8Nor Pac 3s. b. . 64
do coupon.... 98; do 4s 52
U S 3s, reg 101 Union Pac 4s... 96
do coupon 101jSo Pac Conv 3s. 101
U S N 4s. reg.. 109, C. M & S P C .Is. 10!)
do coupon. ... 110Penna Con 4s.304
N Y C G 3s, b 80 1
Money. Exchange. Etc.
NEW YORK. April 27. Mercantile paper, j
o vi o per veil 1.
Sterling exchange easy. 60-day bills.
$4.7625;; for cables. $1.7960; for demand,
Bar silver, 50c.
Mexican dollars. 38 c. ,
Government bonds, steady: railroad bonds,
Time loans, easier: 60 and 90 dys. 2 (re::
per cent; six months. 3ft):ti; per cent.
Call money, easybisb iew 1 Jt per csat;
ruling rate, 2 per cent: last loan. 2 per cent;
closing bids, H per cent; offered at 2 per
SAX FRANCISCO, April 27. Sterling. 60
days, 4.7; demand. $4,791; cable, $4.80.
LONDON, April 27. Bar silver, 23 13-16d
per ounce. Money, 1 1 per cent. Dts-"
count rates, short bills, 2 per cent; three
months, aio-ltiffrS per cent.
IMPROVEMENT IN STEEL INDVSTBV
Favorable Report Issued by Corporation lor
. Past quarter.
NEW YORK. April 27. Decided Improve
ment in the steel and iron industry is seen
In the financial statement of the United
States Steel Corporation for the first quar
ter of the calendar year, issued today.
Taking the report by months It shows
that March earnings were $8,004,136, as
against $4,511,058 in February and $2,567,167
Total earnings were $12,457,809, a gain
of $1,534,639 over the preceding quarter, the
net income showing an increase of $339,313.
This left the small balance of $915,038 ap
plicable to payment -of the usual preferred
dividend, which required an outlay of
$6,304,919. To meet this deficit it was neces
sary to draw on last December's undivided
surplus to the extent of $5,389,S61.
Contrary to his usual custom. Chairman
Gary refrained from any public discussion
of trade conditions, but it was said that the
mills of the company now are operating
from 63 to 75 per cent of capacity. The
corporation's foreign business Is said to
have shown a marked gain over the last
quarter of last year.
Weekly Bank Clearings. - '
Bank clearings In the Unted States for
the week ending April 22 as reported to
Bradstreets aggregate $3,605,965,000, against
$3,42 3,006,000 in the previous week and
$.1,597,071,000 in the same week last year.
Following are the returns for the same week
with percentages of change from same week
New York $2,165,039,000 .4
Chicago 323,311,000 1.8
Philadelphia 155,261,000 2.6
Boeton 166.127,000 3.4
St. Louis S1.S13.0O0 l.S
Kansas City 73. 174.000 40.0
Pittsburg 58.S42OO0 3.7
San Francisco 5l.619.tiO0 S.4
Baltimore 34.419.O00 4.1
Minneapolis 19,073.000 9.0
Detroit 27,769.000 13.9
Cincinnati 25,073, OoO .9"
Cleveland 2X.244.0OO 17.3
Los Angeles 21.429.000 14.2
New Orleans . . . 18.31 6,000 9.5
Omaha 14.7S3.000 2.4
Milwaukee , 14.!93.ooo 2.6
Atlanta 13. 3H6.00O 13.7
Louisville 11,074,000 l.l.S
Seattle 12.182,000 6.5
Buffalo 11. 463. 000 5.7
St. Paul . . 10.S31.00O 2.0
Portland. Or 10,921,000
alt Lake City 7.01S.OO0 7.6
Kpokape 4.3S4.O0O ....
Oakland 3.361,000 4.2
Tacoma 1,909.000 3.8
Sacramento 1. 733.O0O S.l
San, Diego 1,950,000 13.8
wool trices decline at London
Fourth Series of Auction Sales Is
LONDON, April 27. The fourth scries
of the wool auction sales opened today
with offerings of 12.500 bales. Tho selec
tion was good, and the attendance large, in
cluding a few American traders. Traders
hesitatcd'at the opening in making bids,
but a better business was done later.
Good merinos showed little change, while
medium grades sold 6 per cent under the
last series. 'Inferior stock realized 7 to
10, and cross-breds 5 to 7 per cent under
the last sale. Cape of Good Hope and Natal
greasy showed a loss of 10 per cent. Slipes
were steady. Americans took a few scoured
merinos. The principal buying was done by
the home trade. France purchased little.
NEW YORK, April 27. The market for
coffee futures was much less active today,
and scattering accounts appeared to have
been pretty well evened up, while May
notices were circulating yesterday. After
opening quiet at unchanged prices, the mar
ket, eased off under small offerings in the
absence of prompt support, but steadied at
a net loss of from 5 to 10 points and later
rallied on near-month coverings. The closs
was net J point higher to 5 points lower.
Sales. 8000 bags. April, R.96c; May, 5.96c;
June. 6-OSc: July, 7.23c: August, 7.:ilc: Sep
tember. 7.39c; October, 7.45c; November,
7.49c; December, 7.54c; January, 7.61c; Feb
ruary, 7.67c; March. 7.74c.
Spot quiet. Rio No. 7, 7c; Santos No.
Cost and freight offers were reported un
changed. Rio exchange, 1 1-1 6d lower. Mll
reis prioes unchanged.
SAVANNAH. Ga., April 27. Turpentlna,
4514 .40c. firm. Sales. 262 barrels; re
ceipts, S17 barrels; shipments, 513 barrels;
stocks. 20.061 barrels.
Rosin firm. Sales, 2906 barrels; receipts,
3030 barrels: shipments, 3060 barrels; slocks,
81,959 barrels. A, B, $3.30; C, D, $3.40:
K, $3.45; F. $3.55: G. $3.66; H. I, $3.75;
K, $3.S5: M. $4.20; N. $5.15: WG, $5.60;
WW, $3.70. . .
Wallowa Crop Outlook Good.
"WALLOWA, Wash.. April 27. (Spe
cial.) The recent rains have been a
great help to the Wallowa Valley and
the outlook for crops is excellent. Tho
Fall grain has never looked better.
Tho acreage of Spring grain will bo
large, owing to the high prices. The
season is at least three weeks earlier
than usual. Tho fruit trees are blos
soming and unless unfavorable weather
conditions prevail the prospect is favor
able for much fruit, as the rains have
not damaged the buds. T e Spring so
far has been quite free from hard
Help Others to Buy of You
by Buying of Them
This Is the Time of
CROP OUTLOOK RUE
Prospects Are Possibly Best
WHEAT SELLING IS HEAVY
Optimistic Reports From Growing
Sections Are Responsible for
Slump at Cli lea go Export
Demand Is Less Urgent.
CHICAGO. April 27. Excellent crop pros
pects for the United States, possibly the
best ever known, led to heavy selling today
in the wheat market here. The outcome was
a nervous close ut le to 2 o. net decline.
Corn finished le to ltfrc down, oats
off lc to 2e2c and provisions the
same as last night tp 7c higher.
Prices for wheat began to break almost
as soon as trading began. Attention quickly
centered on flattering advices regarding the
outlook for a big domestic yield and es
pecially in the more important Western
states., the result of fine growing weather
coming after reasonably good rains. Notable
lessening of urgency in the export demand.
whether for old or for new crop deliveries
of wheat, tended, much to emphasize bear
Corn gradually weakened with wheat.
Besides, cash demand was relatively slow,
ihr weather ideal for planting and predic
tions were current that delivenies on May
contracts would be large.
Bears had their own way In the oats
market. Field reports were most promising
and terminal stocks big.
Higher values for hogs made provisions
firm. The bulk of the trade consisted of
changes from nearby options to those more
Leading futures ranged as follows:
Open. High. Low. Close.
May $1.64 $1.64 $1.61 $1.61
July 1.37 1.38 1.34 1.35
May 77 . .77 .75 .76
July 79 .80 .78 .78
56 , .56 . .53
55 .55 .53
IS. 10 18.12 1S.02 18.07
18.60 18.47 18.52
10.40 10.35 - 10.4O
10.65 10.62 10.65
..10.5O 10.52 10.50 10. 5S
..10.80 10.82 10.77 10.83
Cash pricea were:
Wheat No. : red. $1.62 1.2 ; No.
2 hard, $1,6341.63.
Corn No. 2 yellow 77 '4 7Sc; No. 4 yel
low. 75 g 76c.
Rye No. 2. $1.17.
Timothy $5 6.50.
Clover $8.50 12. 50.
Kuropean Grain Markets.
LIVERPOOL. April 27. Cash wheat un
changed to d higher; corn unchanged to
d higher: oats d higher.
PARIS, April 27. Cash wheat and flour
Minneapolis Grain Market.
MINNEAPOLIS. April 27. Wheat May.
$157; Julv, $1.51; No. 1 hard. $1.63,:
No. 1 Northern. $1.50 tr 1.63 ; No. 2 North
em, $1.55 m 1.60.
Barley, 6Gfn 74c; flaxy $1.91 iff 1.03 tj.
I'uget Sound Grain Markets.
SE YTTLK. April 27. Wheat Bluestem,
$1.32; fortvfold. $1.28; club. $1.27: fife. $1.26;
red Russian. $1.23. Barley, $25 per ton.
Yesterday's car receipts, wheat , oats 5,
hay 5. fiour 9.
TACOMA. April 27. Wheat Bluestem,
$1,3261.33; fortyfold, $l.a)rai.30; club.
$1.20; red fife. $1.27. Car receipts, wheat
12, barley 1, hay 4.
Grain at San Francisco.
SAN FRANCISCO, April 27. Spot quota
tions: Walla Walla, $2.2041. 2. 2S : red Russian,
$3.20(ji 2.25 : Turkey red, $2.252.30: blue-
stem $2.25f2.30: feed barley. $1.27 1.30 ;
white oats, $1.77 fn 1.S0 : bran. S264P26.50:
middlings. $.'12'33; shorts $26.60fi27.
Call board: Barley.' May $1.26 bid, $1.27
CaKcara. Bark at J-ondon.
London Mail advices say of cascara bark:
"This easily takes first place this week.
An order for 20 tons on the market, we hear,
lias yet to be placed. Also, there has been
fresh business done in ton lota of r years
old at 47s 6d and 3 years old at 4Ss. Re
ports of scarcity still filter through, but
there is some left yet."
NKW YORK. April 27. Tin firm, 41.50c
Iron quiet, unchanged.
Copper, strong; electrolytic, 18.73c: cast
ing. le.37ffl 1 8.50c.
Lead steady. 4.15Cji4.20c.
Spelter, firm; spot. 13c; May, 13o.
NEW YORK, April 27. Cotton Spot,
quiet: mid-uplands. 10.50c: no sales.
qif the manufacturer can't sell goods, he
can't buy labor.
t If the workman can't sell his time, he can't
buy so much to wear and to eat.
CJIf the farmer can't sell his wheat to the
workman, the farmer can't put money in
CJThe more we all buy the more we can all
sell. The quicker we start it, the sooner
will come the sunshine.
I Let's all heave-ho together and begin at once
to buy these immediate needs whose pur
chase we have been delaying. Start again
. the wheels of progress.
BUY IT NOW!
All Times' for the U. S. A.
Let's All Get Busy
THE FIRST NATIONAL BANK
Fifth and Morrison Street
Capital and Surplus - - - $3,500,000
A general banking business transacted
on the safest and 'most accommodating
lines consistent with sound banking.
THE Oldest Bank in the Pacific
Northwest cordially invites your
account Subject toCheckor in its Sav
ings Department, with the assurance
of courteous treatment.
Corner "Washington and Third
HOGS NICKEL HIGHER
TOP GRADE BRINGS fJ8.05 AT LOCAL.
Half-Fed Stock la Reins Hclii Dark
In the Country to
The local hog market gained another nickel
yesterday. Only a few loads came In and
there was but little in other lines.
A single load of hogs was moved at the
new price of S.&0. and the. remainder or
the limited offerings did not grade up to
the top. Reporting on the local hog situ
ation, the Livestock Reporter says: "Feed
ers are in the yards looking for suitable
stuff to put into their feed lots, but are
not able to find it. With the advance In
local prices the half-fat hogs are not
coming In. as with pasture and home
grown feed available it Is more profitable
to finish this stuff.
No cattle were on the market. A few
small lots of sheep and Iambs sold at cur
Receipts were 24 cattle. 10 calves, 3j0
hogs and 03 sheep. Shippers were:
IVlth hogs Jens Mvgaard. Roosevelt, 1
ear: Roy 11. Bobbs. Washougal, 1 car; Q.
B. Burdlck. Albany. 1 car.
With mixed loads T. R. Gallagher. Yam
bill 1 car cattle and calves; W. 11. Brown.
Lebanon. 1 car hogs and sheep; J. C. Liavls.
Hhedd. 1 car hogs and sheep.
The days sales were as follows:
Wt. Prlce.l Wt. Trice.
Kilt -.ou l nog ii !
2s4 7 :0 7 hogs 101 8 00
in.", 7.20 :i hogs -jimi mm
. 400 7.:lol ! ewes .... I'.." 4.23
1M4 t.052:i s. lambs ..71 0.O0
255 7.tJl20 m. sheep. 1.V2 5.2.
io hobs ... ... ---T --.',.,
Prices current i i"w -l"v-"J -
the various classes of stock.:
t'holce cows ......
Medium cows .........
Light Heavy ............... i
Full wools 1 higher.
7 .BO 7.75
7.01 f 7.25
6.75 "i 7.00
, 5. no 5. 75
, 5.00j 0.50
7.O0 'ft S.O.I
, 6.3'l'iR 73
Omaha Livestock Market.
SOITM OMAHA. April 27. Re
ceipts 15.500, lower. Heavy. 71. ..:
light. $7.20m 7.::o: pigs. a.r.or,i 7.25; bulk of
Cattle Receipts. 200. steady. Jwstive
steers. 7.00fn 8.4o; cows and heifers,
(fi7S0; Western steers. .."0i 7.; Texns
steers J.nO 7.H1: cows and heifers. 5.:;5
4r7.0; calves. ts.Oo'n lO.OO.
Sheep Receipts. hOoo. slow. Yearlings,
JR.KOti !.40: wethers 17.808.60; iambs,
Chicago Livestock Market.
rHICAfiO. April 27. llKs Receipts,
1 OOO. strong to K cents above yesterday's
average. Bulk. 7.H3'ff 7.55; light, 7.2.14
7 00; mixed, 7.207.0;heavy. .90-r7.5O;
rough. 6.0O7.10; pigs. to.2o&6.75.
Oattle Receipts :i0.0OO. steady. Native
beef steers. . lOU S.lir. ; Western steers.trj.KO
7.4: cows and heifers. f.1.vO8.40; calves,
Sheep Receipts lO.OOO.steady. Sheep, $7.50
jits. oil; lambs $w.:toi 1 1.OQ.
Chicago Dairy Produce.
CHICAGO, April 27. Butter unchanged.
Kgzs lower. Receipts. M.19S rases; at mark.
to Make Vast Strides
cases included. 1719c: ordinary firsts, 1TV
Wise; firsts, lsHral9c.
Hops, Ktc., at New York.
NEW YORK. April 27. Hops, easy; sta'
common to choice 1914, 10'jlJc.
Hides and tallow, dull.
Uulath Unseed Market.
rlTLt:Tll. April 27. Linseed on track, ar
rive mil May, l.jy; July. i.9; Septem
New York Sugar Market.
NEW YORK, April 27. Raw sugar firm.
Centrifugal. 4.64c; molasses sugar, 3.S7C.
Dried f'rnlt at New York.
NKW YORK, April 27. Kvaporatrd ap
ples, dull and nominal; prunes, quiet;
e,-i he., n eele-i
A general banking business
Interest paid on time deposits.
Commercial Letters of Credit
Kichance oa London. Kndisd,
lioua bt and bold.
Corner Second and Stark Sts.
F. C. MALPAS, Manager.
TKAVKf.KKV Ill lOK.
Palaces of the Pacific
tJ. 8. NORTIIKR.N IMCIFIO
6. H. GKKAT NORTIIfcBN
le I.uxe Fast l ine to
8. K. NORTHERN I'ACIFIU bails
AprU 17. SI, 23, 29, May . 7, 11, 10.
Steamer train leaves Portland. North Rank
depot. A. M.. arrives i'lavl 12.30; lunch
aboard ship; bS. arrives ban Francisco S:3
f. M. next . day.
Freight delivery second mornlns aftee
shipment from tssn Francisco.
NORTH BANK TICKET OFFIfK,
Phones: Mar. 2u, A 6671 AID. and Mara.
VOU A NO ELKS AND BAN DIEGO '
Hails Med., April 28, at 1'. M.
NORTH PACIFIC STEAMSHIP CO.
1 22 A Sd bt.
loot ..rtUrnp kt.
Main biv, A 6422
Main 1414. A 131
ti. S. BEAR SATI.H 9 A. M. MAY 2
The San Frenrlftco at Portland H. S. C'e
Third and Washington rls. (with O.-W.
H. M. Co.). Tel. Marshall 4301). A ei-iL.
SPECIAL. OXK-WAT AND KOC'ND-TRIP
. KAItKS To AM.
VIA FOLLOWING 1-lKiMKHM
Maripoa I'olpliin 4 M.v of Kiiokane
.leffernou Northwestern Almiral Ktun
Aiamcdai City of Seattle Admiral ilulwa
FleservH ttnn MH1e l.y wire.
FRAK 1MII.MM, rwimer Aicent,
1J4 Third Street
fWith Denver & Ulo Grands Tt. It.)
Main !. A ir.no.
COOS BAY LINE
Salla From Alosworth Dock. I'ortlaod.
8 A. 91. Friday. FrelKkt and Ticket
Office, AlfiNVtorth Dock. Thonea Main
;tH(, A 2WJ. City Ticket Office, Ml tn
Street. I'honea Mnrahall I.'.IMI, A l:ll.
POKTLAM) A COOS BAY S. S. I.IXfc-
j NKW ZEALAND AXI SOI Til ftK.tS.
Hesuiar, lhrouKh sailing tor iyuimy via
Tallin and Wellington from ban f rsnclsc,
J April VS. May Sti. Juns ii. and avary
t r!a. r-end for pamphlet.
tnlon btramhl Co., of New Zealand, I.tfL
t lirflce t;il Market itre-t. Sao Irraucisco,
I or local . S. and It. K. agents.
American-Hawaiian Steamshi? Co.
A-l Steam.h,p IIONOI.tI.AN"
7."'J Grose Toi:m
Carrying First-Class ps!engcrs Only to
via the I'anaina canal,
tails from b;in 1'iinriM'u ou or about r
1 are If 1 50.00.
C. I. KENNEDY. Aent.
Z'.n Stark Street. rortland. Or.
Steamer State of Washington
Leaves Taylor-st. dock dally except bunday.
11 f. M. for Tns Dalles and way landlns.
carrying freight and pasuenaera. Returning,
leaves The Dalles dally, 12 noon, except
Monday. Tel. Main 613. Faro $1. berths Boo.
Bteamor IIASSAI.O leaves Anh
treet Dock dally except Satur
day. 8 M.. for Astoria and way
pointa. Returning-, leaves jtti.
J 1CKCII anu x - . rv. CsS it.
' City Tickat Office. Third ar.d AVa&tiiiiatoa
street or at Arh-streut Uuck. fhooaa.
i War!. ail &0U. A