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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (June 30, 1915)
TTTR MORNING OREGONTAN. WEDNESDAY, JUNE 30, 1915. 17 BAGS REMAIN HIGH No Indications of Weakening in Market. RECEIPTS CONTROL PRICES Calcutta Bnrlap Values Are Strong and Market Excited Effect of Placing of Big British Sand Bag Order. The rraln bag; market continues -rerr firm at the recent hleh level, with no signs f weakening In the immediate future. All depends, however, on the manner In which supplies are received. At the present time they are cotr.inj in very slowly. In the East high bag- and burlap prices prevail and the markets continue excited, while In the primary Indian market the prices demanded for later shipment are so Also, as to be considered prohibitive. There is much Interest In the burlap mar kets everywhere, In the big British govern ment order that has been placed at Cal cutta, mention of which was recently made In these columns. z5ome burlap factors were of the opinion that the order was not of such proportions as to Influence the price of bnrlap unduly. It was pointed out that even if 20,000,000 yards of goods were re quired to fill this order, the 22.000 hesslan looms in Calcutta could make the cloth in short order. These factors figured that this machinery could make the cloth needed to fill this contract in less than 10 days. Those who viewed the situation in a dif ferent light stated that the output of the hesslan looms Is all that Is claimed, but that the machinery is so well engaged that It Is no simple matter to obtain 15,000,000 or 20,000,000 yards under prevailing conditions for reasonably prompt delivery, even at fancy prices. The many contracts in the bands of the Calcutta Jute mills have, ac cording to Information received recently, developed a state of affairs such as never has been experienced before. Were the 22, 6O0 hesslan looms hungry for business, then. It Is claimed, there would be some basis for the assertions that are being made con cerning the quickness with which millions of yards of cloth could be produced. The fact Is, according to late Calcutta advices, that mills have bought back cloth con tracts In order to get goods for bag pur poses at prices much above the figures paid by those who held such contracts. WHEAT MARKET JS STAGNANT Ko Offers to Sell and But Little Demand at Exchange. With the closing days of the cereal year, the wheat market has become a stagnant affair. There were no offers to sell at the Merchants' Exchange yesterday, and there was not much demand. The few require ments are being filled here and there In the outside market. The tone of the market was about steady. The only sale posted on the board was 100 tons of July oats at $26.50, an advance of 60 cents over Monday's price. Barley bids vera unaltered. There was no change yesterday in local prices of patent flour. The mill feed market is inclined to be firm. The preliminary official Russian report, covering 54 provinces, estimates the Winter wheat crop at 206.000.000 bushels. The crop last year was 216,000,000 bushels. The European visible wheat supply is es tlmated at 79.480,000 bushels, a decrease of 1,212,000 bushels. The visible last year at this date was 64.100,000 bushels, a decrease of 3.700,000 bushels. Bradstreet's estimates the American vlst ble wheat decrease at 5.COO.O00 bushels; the corn decrease at 2.030,000 bushels, and the oats decrease at 2,240,000 bushels. The present cultivated area of Argentina, according to the Review of River Platte, Is 60.540,000 acres. The constant rains ana consequent floods that occurred In the Autumn of 1914 prevented the sowing of a larger area, and caused a shrinkage in the harvest of 1914-15 amounting to 10.9 ner rent of the estimated vleld- This shrink- T age, while increasing the value of the re mainder, has reduced the principal cereal production to the following figures: Wheat, 4.850.437 tons; linseed, 1,242.415 tons; oats. 820.139 tons. The total yield of these cereu.a compared with the 1918-14 harvest, shows a difference In favor of that of 1914-15 of 2, 606,457 tons. The area under maize has In creased substantially, and its yield is esti mated at 8,591.645 tons, or 23 per cent more than in 1314. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Portland, Tues 0 Year aeo 1 1 7 2 3 1 214S 277U 6 8 3235 20HH 17 21 2S36 Feas'n to date. 16611 101 S Year ago 157S9 2822 Tacoma, M o n . . 14 .... Year ago 10 4 Feas'n to date. 1!5 61S Y'ear ago 0320 801 6eattle. Mon.. 15 1 Y'ear ago 15 8 Eea'n to date. 7923 1136 Tear ago. .... . 6004 1190 1R90 2S79 2027 1755 5 4 606 614 12 3 1264 1350 5 4 2453 225S CALIFORNIA HOPS ARE SELLING FAST Spot Stocks Are Being Reduced Contract Market Blocked. Hop dealers are without export orders at the present time, except at prices materially lower than those lately paid for the new Oregon crop. In California, offers of 12 cents are made on contract, but there are no sellers of 1915s at this price. There has been a fur ther movement of spots in that state for export account, Donovan having bought the following lots, according to a wire received yesterday: John Merkley, 160 bales, at 8V4 cents; Gerber, 25o bales, at 8V4 cents; Blauths, 300 bales at 9 cents. The Western Brewer gives advance figures of the May, 1915. beer consumption as 804.0O6 barrels le&s than 1914, or a decrease of 18 1-5 per cent. These figures are based on 85 Internal Revenue Districts, or about 95 per cent of the production centers represent ed. It is expected that complete figures will show a decrease of fully 20 per cent. LEMONS ARE IN STRONGER DEMAND Hot Weather Starts Orders From Country. Cantaloupes Active. Lemons are in stronger demand because of the warm weather. Shipping orders for the holiday trade were heavy. Oranges were also active. There was a brisk local movement In can taloupes at firm prices and melons also sold well. Oregon Alexander peaches are coming In freely and bring 65 cents to $1 a box ac cording to quality. A mixed car of Call- fornla fruits arrived, containing plums, green apples and other varieties. Local berries were plentiful. Raspber ries ere weaker at 85 cents to $1 and logsns sold at 75S5 cents. Dealers would like to find some means of 'stopping the influx of green and wax beans. The supply Is so large they are a drug on the market, and though offered as low as 2 and 3 cents, stocks cannot be cleaned up. COTTAGE GROVE CROPS IX) OK GOOD TIeld Above Average Is Indicated Through out Country. COTTAGE GROVE, Or, June 29. (Spe cial.) All Indications are that the crops of the Cottage Grove country this year will be above the average. Grains and grasses are doing particularly well. Wheat, oats rve and barley more than six feet In height and heavily headed are reported from all seotlons. Potatoes, beans and other vegetables may be a little late because of the late frosts that made some replanting necessary but the crop Is not expected to be hurt in any way because of being late. The crops of cherries and loganberries seem fairly large Of loganberries there will be a larger crop Cherries are a shorter crop than last year. Apple Freight Kate Is Lowered. WENATCHEE, Wash.. June 29. With the inauguration of the allied steamship com pany freight service, the Great Northern Pacific Steamship company and the ureal Northern Railway have put into effect a rate of 43 cents a box on apple shipments to San Francisco. This is 2 cents lower than the previous rate, which routed the apples to Seattle and thence to the destination by water. In addition to being lower, the new service Is quicker from one to three days. Country Produce Trad Quiet. Country produce markets were unchanged and rather dull. Receipts of poultry and dressed meats were not large, but were suf ficient for all demands. Eggs, butter and cheese are selling at the old quotations and there is no indication of change this week. Hank Clearings. Bank clearings of the Northwester cities yesterday were as follows: Clearings. Balances. Portland $1,240.1)80 $183.36:1 s,.aiil 1.703.774 300.062 Tacoma 2tU.58 61,810 Spokane 46,5a0 61,727 PORTLAND MARKET QUOTATIONS. Grain. Hoar. Feed. Etc. Merchants- Exchange, noon session. Prompt delivery. Wheat Bid. Ask. Blues tern $ .OS Kortvfolil 07 Club 8 Red fife 01 Red Russian 03 Oats No. white feed 26.50 Barley No. 1 feed ........... 23.50 Bran 24.50 Shorts 24.5U 27.00 25.UO 26.60 20.00 Futures August bluestem .91 ..... August fortyfold ...... ....... .85 ..... August club .83 ..... August fife 81 ..... August Russian SO August oats 24.50 July barley (rolled) 24.50 August barley 21.00 August bian 24.50 27.50 August shorts 24.50 2i.00 FLOUR Patents, S6 a barrel; straignts, $5.405.60: whole wheat, 5.S0; graham. S5.60. MILLFEED Spot prices: 4 ran. xziw 27. SO per ton; shorts, S2S2S.5U; rolled barley, 25.50 26.50. CORN Whole, $36 per ton; cracked, $37 per ton. HAY Eastern Oregon timothy, tl5&l8; Valley timothy, tl2'& 12.50; grain hay, $1U 0 12; alfalfa, S12.5013.5O. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITS Oranges, valenclas, S3.503.75 per box; Mediterranean sweets, $2.50 2.75; lemons, S3.5U&5 per box; ba nanas. 5c per pound; grapefruit, $4.00 5.25; pineapples, 6p7c per pound. VEGETABLES Cucumbers, Oregon, 409 75c per dozen; artichokes, 75c per dozen; to matoes, 11.75 per box; cabbage, 191SC per pound; head lettuce, SI per crate; spinach. 5c pet pound; rhubarb, 23c per nound: peas, 2 4 4c -per pound; beans, 2tt3o per pound; green corn, 25 40c per dozen. GREEN FRUITS Cherries. 48c pound; gooseberries, 2 4 4c per pound; cantaloupes, S2S2.75 per crate; loganberries. 7585c; raspberries, 85c$l; currants, 11.25 per crate: apricots, $14rl.25 per box; peaches. 65cSl per box; watermelons, 2c per pound; plums, $1.25 per box. potatoes Old, S2.23 per sack; new, lwlc per pound. ONIONS yellow. II 1.50; white, $1.25; red. SI. 75 per sack. SACK VEGETABLES Carrots, SI 1.60 per sack; beets, $1.50; turnips, $1.35. Dairy and Country Produce. Local jobbing quotations'. EGGS Oregon ranch, buying prices: No. 1, 22c; No. 2, 18c; No. 3, 15c per dozen. Job bing prices; No. 1, 24c per dozen. POULTRY Hens. 104 4? 11c broilers. 183 20c; turkeys, dressed. 2225c; live. 1820c; ducks, old 84j9c, young lo&ISc; geese, 89o. BUTTER Creamery, prints, extras. 27 He per pound; cubes, ordinary, 23c; fancy. 24c. CHEESE Oregon triplets. Jobbers' buying price. 13c per pound f. o. b. dock, Port land; Young Americas, 14c per pound. VEAL Fancy, 1010VSc per pound. PORK Block. 10c per pound. Staple Groceries. Local Jobbing quotations: SALMON Columbia River one-pound tails. $2.30 per dozen; half-pound flats, $1.60; one pound flats, $2.50; Alaska pink, one-pound talis, $1.05. HONEY Choice, $3.25 per case. NUTS Walnuts. 15a-24c per pound; Bra zil nuts, 15c; filberts, 14624c; almonds, IX 22c; peanuts 04c; cocoanuts, $1 per doz. ; pecans. 13 20c; chestnuts. 10c BEANS Small white, 5.70c; large white, 514c; Lima. 5c: bayou, 5.60c; pinks. 4.0c. COFFEE Roasted, in drums. 31fct33fec SUGAR Fruit and berry, $8.00; beet, $6.70; extra C, $6.40; powdered In barrels. $7.15; cubes, barrels, $7.30. SALT Granulated, $15.50 per ton; half grounds, 100s. $10.75 per ton; 50s, $11.60 per ton; dairy. $14 per ton. RICE Southern head. 6V46c; broken, 4c per pound; Japan style. 50514C DRIED FRUITS Apples, he per pound; apricots, 1315c; peaches, 8c; prunes. Ital ians. 89c; raisins, loose Muscatels, be; un bleached Sultanas, 7 Vic; seeded. c; dates, Persian, 10c per pound; lard, $1.65 per box; currants, 8 4f 12c. Hons, Wool, Hides, Etc HOPS 1915 contracts. 14c per pound; 1914 crop. 12 12 Vic per pound. HIDES Salted hides, 14Vc; salted kip. 15c; salted calf, lec; green hides, Uc; green kip. 15c; green calf, 18c; dry hides, 24c; dry calf. 28c WOOL Eastern Oregon, meaium. zoqy 2Sftc: Eastern Oregon, fine, 18&21Vc; Val ley, 263 3uc. MOHAIR New cup, 3UI&31C per pouna. CASCARA BARK Old and new. 4o4V4c per pound. PELTa 1 TV mng.wooiea pens, lonl nrj short-wooied pelts, llVic; dry shearlings, earn. 10ft15c: salted shearlings, each, luu 25c: dry goat, long hair, each, 13c; dry goat, shearlings, each, 10v20c; salted long wool nelts. May. 1 X eacn. GRAIN BAGS in car lots. o-ffi3 vc: in less than car lots, about Vic more. Provisions. HAMS All sizes. 17V419V4c; skinned, 17 H 47 13c; picnics. 12c; cottage roll, 15c; boiled. 17 27c. BACON Fancy. 26S28c; standard, Z2p 23c; choice. 174i21c; strips, 17c DRY SALT Short, clear backs. 12V4 615C; exDorts. 14V40 lUVic; plates. 1112'AC LAHD Tierce basis. Kettle renaerea. ac: standard. 12c: compound. 8VSC BARREL GOUUS Mess Deer. 124: Plate beef, $25; brisket pork, $2S.50; pickled pork feet, $12.50; tripe, 'J.juhii.jd; tongues, $4U. Oils. KERCSENE Water white, drums, barrels or tank wagons, luc; special arums or bar rels. 13V4C. cases. li:(Jtt. GASOLINE Bulk. 12c; cases, ;9c; engine distillate, drums, Vic; cases, ivic; naphtha. drums. 11c; cases, lhc I.IKSEED OIL Raw. barrels. . 77c; raw, cases, 82c; boiled, barrels, 79c; boiled, cases. 84c. TURPENTINE In tanks. 61c; in cases. 68c; 10-case lots, lc less. SAN FRANCISCO PRODUCE MARKETS Prices Current in the Bay City on Fruits, Vegetables, Etc. SAN FRANCISCO. June 2. Butter Fresh extras, 20c; prime firsts, 25VaC Eggs Fresh extras, 24c; fresh firsts. 21c; selected pullets. 20c. Cheese New, Sllc; Young America, 12'.c; Orogons. 13Vi14V4c Vegetables Pcks. $11.25; asparagus. $1 1.50; string beans, lVix3c; max beans, l3c; limas, 68c; cucumbers, 50 (3' 90a. Onions New red, 50 75c. Fruit Lemons. $1. 75(3.50; grapefruit, $2 2.75; oranges. $2.503.25; bananas, Ha waiian, $1.252: pineapples. Hawaiian, $1.50 &2.50; apples, new crop, $1)1.25. Potatoes Delta, 75cff$l. Receipts Flour, 4230 quarter sacks; bar ley, 3915 oentals; potatoes. 6530 sacks; hay. 190 tons. Naval Stores. SAVANNAH, Ga., June 29. Turpentine firm, 3914 39 c. Sales, 433 barrels; re ceipts, 1040 barrels; shipments, lua barrels; stocks. 21.287 barrels. Rosin firm. Sales, 1419 barrels; receipts, 2284 barrels: shipments, 1550 barrels; stock, 54.767 barrels Quote: A, 11, $2.95; C, D $3.06; E, 3.20; F, G, $3.30; H. $3.35- I, 3. 4u; v, j.m; ju., fi.a; , ;.4U; WG, $6.30; WW, $G.50. Metal Markets. NEW YORK, June 29. Electrolytic cop per quiet, zo.zjczu.ouc. Iron steady and unchanged. Metal exchange quotes tin easy; spot, 39.7540.25c. Metal exchange quotes lead 5.75c Spelter not quoted. Cotton Market. NEW YORK. June 29. Cotton Spot quiet; middling uplands, .60c. Duluth Linseed Market. DULUTH, June 29. Linseed, cash and July, $1.71V4; September, $l.75V4. Dried Fruit at New York. NEW YORK, June 29. Evaporated apples dull; prunes, firm; peaches, quiet. than there was ' last year. STOCKS HELD BACK Market Unsettled by Demoral ization in Exchange. NEW RECORDS ARE MADE Securities Market Is Irregular, With Canadian Facific and Rubber TJnder Pressure Bonds Aro Sold for Foreign Account. NEW TORK. June 29. Recurrent demon llzation in foreign exchange was the salient feature of today's financial developments and more than anything else served to hold the stock market in check. Further depre elation occurred in remittances of three of Europe's leading capitals. Paris checks were quoted at 5.05, relchsmarks at 81 Vi ana 11 res at 6.1s. : These quotations were not only the low est reported since the outbreak of the war, but established records for many years previous. London Exchange made slight re covery, with demand sterling at 4.76 3-16, No more gold was received from Canada, despite yesterday's hopeful intimations from London. There were rumors of another in flow of gold from France, but these were not borne out by events across the water, With few exceptions securities were Ir regular throughout, the weakness in Ca nadian Pacific, United States Rubber and several other active Issues conducing to that end. Canadian Pacific sold as low as 1.41, an overnight loss of 4 points, and its low est quotation in seven years. Rubber re peated yesterday's low price or 48 ana Rock Island, as the shares of the Chicago. Rock Island A Pacific Railway now are known, also fell to the low record of 15. Offerings of Canadian Pacific today came from local as well as out-of-town and for eign sources and were traceable in part to May earnings, showing a net loss of over $500,000. or a total for the. 11 months of the fiscal year of more than $8,000,000. There were material gains In coppers, war shares and motors, but the movement in these is sues was plainly of a professional origin and failed to carry conviction. Total sales of stocks amounted to 317,000 shares. There was further heavy selling or Donas for European account at more or less sub stantial recessions. Total sales, par value. aggregated $2,145,000. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Alaska Gold. ... 1.0O0 3S S7V4 Amal Copper... 8.400 76 76V4 Am Beet Sugar. 700 49 48 American Can.. 27.200 4 44 Am Sm & Refg. 3,400 80 V4 78 do ofd ............. bid. 87 74 48 46 78 106 107 123 220 35 100 76 88 14 142 40 38 11 ' 90 125 45 30 28 6 9 26 26 169 118 35 63 100 75 31 100 25 Am Sug Refng Am Tel & Tei 300 123 123 Amer Tobacco.. Anaconda Mln.. Atchison Bait & Ohio Br Rap Transit. Calif Petroleum. Canadian Pac. Cent Leather... 5.200 1.300 2,800 200 200 24.000 8.S00 400 36 101 77 SS 14 146 41 '4 38 35 100 76 88 14 141 40 38 Ches & Ohio. ... Ch! Gr West. . . . Chi Mil & St P. Chi & N W Chlno Copper... Colo F Iron. . Colo & South. . . . D & R G do pfd Dist Securities.. Erie Gen Electric. . .. Gr North pfd. . . Gr Nor Ore ctfs Guggenheim Ex. Illinois Central. . Inter-Met pfd.. Inspiration Cop. Inter Harvester. . K C Southern. . . 800 i7o6 1.300 90 90 46 31 45 30 500 1,500 2.200 2.100 400 BOO 1.400 "ion 3.000 9 2B 2B 171 119 36 04 .'75 31 vi 20 C'4 1B9 11S 35 63 '75 SI Lehigh Valley 1,200 143 142 142 Louis A Nash 117 Mex Petroleum. 1,700 74 73 74 Miami Copper.. M K T Mo Pacific Nat'l Lead Nevada Copper. N Y Central N Y. N H & H. Nor A Western. Nor Pacific Pacific Mall.... Pac Tel & Tel.v Pennsylvania . . Pull Pal Car... Ray Cons Cop. . Reading Rep Ir & Steel. Rock Isl Co.... do ofd StLSF 2d pfd. South Pacific... South Railway. 25 3.800 8,100 300 4no nno 400 r,6o 600 10 7 3 15 (t 65 167" 33 0 6& 63 14 87 64 i66 33 7 62 14 87 64 102 106 32 SO 105 158 23 147 29 87 15 3.400 106 105 1.500 32,500 24 149 24 147 1.000 200 1.100 7 7 1,600 88 88 2.0OO 16 16 1.200 S8 as Tennessee Cop 37 Texas Co 12S Union Pacific... S.500 12S 128 127 pt Ml 'j 8'l 80 U S Steel 17,600 61 00 60 do pfd 600 109 100 109 Utah Copper... 5,900 69 67 67 Wabash pfd ......... ..... ..... western Union. 500 66 66 66 Westing Elec... 10.800 100 89 S Total sales for the "day "317,000" shares. PONDS. U S Pef 23J. reg. 96N Y C a 8s. b 79 00 coupon 97 Nor Pac 3s 63 u o u, 1 '" u n g . 7(1 do coupon 100 So Pac 4s 90 U S N 4s, reg.. 100 do conv 5s... 98 00 coupon. .. .lioUnion Pac 4s... 84 Money, Exchange. Etc. NEW YORK, June 29. Mercantile paper. Sterling Sixty-day bills, $4.7225; demand $4.76; cables. $4.77. ' Bar silver 4Sc. Mexican dollars 37c. Government bonds, steady; railroad bonds heavy. ' Time loans, steady; 60 days, 2 (S2U per 7-' 'BWi-a per cent; six months. " , f ..wit. Call money, steady: hieh. 2 n.r .. 1 per cent; ruling rate, 1 per cent'; last .w..... , closing ma, j per cent offered at 2 per cent. SAN FRANCISCO, June 29. Sterling. 60 uuiumiiu, -.io; cable, $4.77. LONDON, June 29. Bar silver, 22d per J V.,r ," v" cent, uiscount rates, short bills and three months. 4 per cent. Annnal NnmKw a ... ... t . .vu,iucrvuM Jfceview. The annual number of the Commercial tlon to th usual grain 'and flour' statistic w uner nistory of the growth of the grain trade of the North Pacific Coast, written by R. c. Hill. Por traits of all the prominent grain men In "' , "V ' are included. The annual number mmni.f.. . 1 . Call for National Bank Reports WASHTKPTnv T. nn . . ,, UI,U i(J. ine uomptroll er cf the Currency today Issued a call for the condition of all National banks at the ' " "uanicna vveanesaay, June 23 Weekly Bank Clearings. Bank clearings In the United States fo tree wetK ending June 24, as reported .......... t o , BKSrcsia 3, 028, 201. 00 and $2.8S2,76i:ooo' in the corresponding week xv.iu.Y.ug are t.ie returns for th past week, with percentages of change ai compared with tlxs same week last year: . P. C in.. ew lorn $1,700,424.1100 sT Ch fr 2R4 H38 A OA Philadelphia Boston St. Louis Kansas City ... Pittsburg San Frsncisco ., Baltimore ..... Minneapolis .... Detroit Cincinnati ..... Cleveland Los Angeles .... New Orleans . . Omaha . ....... Milwaukee Atlanta 1.8 15S, 015.000 163.310,000 75,295,000 62.2S7.0O0 50.229.000 45.9S7.O00 30,505.000 16,396.000 28,271,000 24.35S.000 26,536.000 18.374.0OO 16.352.00(1 18.O.S8.II00 1 13.63S.OOO 10,124.000 1 13.439.000 1 10.994,000 10.426.0OO 11.532.0OO 0.662,000 S. 662.000 5.4O0.0OO . Louifiville ...... Seattle , Buffalo Pt Paul Portland, Or. . , Denver , Salt Lake City Spokane , Oakland ....... Tacoma Sacramento San Diego ...... 3.486,000 2.2BK.0OO 4.8 .1 1.735.00O ! 1.916. OOO 1,9 00,000 10 i.5 Decrease. Coffee Futures. NEW YORK. June 29. The only business reported in the market for coffee futures here today consisted of exchanges from Do cember to May at a premium of 20 points on the late position. The market opened nom inally unchanged and closed unchanged to 2 points lower, wnn near months easy in the absence 01 Duyers. sales 1.000. July, 0.98c; August, .mc; oeptemDer, o.jic; Octo Statement of Northwestern National Bank of Portland At the Close of Business June 23, 1915 RESOURCES Loans and Discounts $2,492,968.77 United States Bonds 50,000.00 Federal Reserve Bank Stock. 17,250.00 Other Bonds and Securities 882,950.81 Furniture and Fixtures 109,966.68 Cash on Hand and Due from Banks 1,639,488.98 $5,192,625.24 LIABILITIES Capital Stock Paid In $ 500,000.00 Surplus and Undivided Profits 115,470.55 Circulation 50,000.00 Deposits . . i 4,527,154.69 $5,192,625.24 BO Ami OF DIRECTORS H. I FITTOCK, Chairman of the Board. L. B. MENEFEE, JOHN TWOHT, A. D. CHARLTON, GEORGE P. KELLY, DR. A. S. NICHOLS. O. L. PRICE, J. D. FARRELL, F. W. LEADBETTER, EMERY OLMSTEAD. Condensed The First National Bank of Portland, Oregon, At Close of Business, June 23, 1915. RESOURCES Loans and Discounts U. S. Bonds at Far 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 on Hand and in Banks Total LIABILITIES Capital Stock $ 2,500,000.00 Surplus and Undivided Profits 1,212,001.41 Circulation , 1,082,545.00 Letters of Credit 30,050.39 Deposits 17,666,718.34 Total Hibernia Savings Bank Portland, Oregon. Statement at Close of Business, June 23, 1915. RESOURCES Loans and Discounts $1,999,601.26 Real Estate, Furniture and Fixtures 55,772.77 Stocks and Securities 24,657.31 Bonds and- Warrants : U. S. Government 4 Bonds $ 54,312.50 City of Portland Impr. Bonds 287,817.54 Other Bonds and Warrants 10,345.00 352,475.04 Cash on Hand and Due from Banks 664,701.60 Total. LIABILITIES Capital Stock $ 200,000.00 Surplus and Undivided Profits 138,970.26 Dividends Unpaid 1,120.00 Savings and Time Deposits $1,884,130.65 Demand Deposits 872,987.07 Total Deposits 2,757,117.72 Total. $3,097,207.98 ber 6 83c; November, 8.83c : December, 6.S3c: January, 6.86c; February. 6.0c; March, 6.9.tc; April, 6.08c; May, 7.03c Spot dull. Rio No. 7, 7 He; Santoa No. 4, ... ... Cost and freight orrers were aooui un changed. Rio exchange was 3-82d higher, with mllrels prices 60 rels lower at nio and 100 rela higher at Santos. London Wool Sales. LONDON, June 49. There was a (rood at tendance at the opening of the fifth series of wool auction sales here today. There were 8200 bales offered and the demand was active. Fine combing mennoi advanced 7V4 to 10 per cent and crossbreds from 5 to 7W per cent, while other gradei ranged from unchanged to 6 per cent higher. Fine Vic torian scoured realized 2s ttd. The home trade and France were active buyers, but Americans were quiet. Cblrazo Dairy Produce, CHICAGO, June 29. Butter lower. Cream; ery. 22 27c. Begs Lower. Receipts, 28.375 cases; at mark cases Included, 15 16 He; ordinary firsts, lSelSKc: flrsta. 1616c New York Sugar Market. NEW YORK, Juno 20. Raw sugar barely atady; centrifugal, 4.804.8c; molasses, 4.03 4.12c Refined steady. Wool at New Tork. NEW TORK. June 29. Wool, steady. PAVING REPAIRS SOUGHT Upper Wasliinston-Street Property Owners Take Concerted Action. Upper Washington treet property owners under the leadership of Ches ter O. Murphy are taking concerted action towards the repair or improve ment at that thorouehfare. 1 Mr. Murphy sent out notices to all property-owners concerned tor a meet the Condition of Statement .. $11,462,075.23 . . 1,800,000.00 . . 1,833,125.49 105,000.00 539,742.50 29,435.39 75,000.00 , . . 6,646,936.53 ,..?22,491,315.14 .$22,491,315.14 .$3,097,207.98 ing at the Chamber of Commerce which was well attended. It was the con sensus of opinion of those in attendance that if the street railway company would lay new tracks a new pavement should be petitioned for. If not, tern porary repairs should be made. Mr. Murphy, J. E. Jaeger and C. h. Korrell were appointed a committee to take the matter up with the Railway Company and City Commissioners. The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A feneral banking business transacted. Interest paid on time deposits. Commercial Lttera of Credit Issued. BxcksKt mm London, Knalana, Booght and Sold. PORTLAND BRANCH. Corner Second and Stark Sts. F. C M ALP AS. Manager. MORTGAGE KY AMOWfl a OMWBfT ewts ImCROHftH LOAtE Statement of Condition of Lumbermens National Bank of Portland At the Close of Business June 23, 1915. RESOURCES Loans and Discounts $3,922,912.34 U. S. Bonds to Secure Circulation 250,000.00 U. S. Bonds to Secure Government Deposits 75,000.00 Stock in Federal Reserve Bank 83,150.00 Municipal Bond3 and Premiums. ...... .$1,142,692.65 Other Bonds 44,556.79 1,187,249.44 Other Assets 2,826.33 Furniture and Fixtures 53,350.00 Redemption Fund With U. S. Treasurer ,. 12,500.00 Cash on Hand and in Banks 1,728,839.67 Total , $7,265,827.78 LIABILITIES Capital Surplus and Undivided Profits Circulation Rediscounts with Federal Reserve Bank Deposits Total Report of Merchants National Bank Washington and Fourth Sts. Portland, Oregon, At the Close of Business June 23, 1915. RESOURCES Loans and Discounts , $2,281,901.38 United States Bonds 433,000.00 Other Bonds, Stocks and Warrants 707,838.33 Real Estate and Mortgages 62,631.27 Furniture and Fixtures 29,500.00 Banking Premises 77,500.00 Cash and Due From Banks 1,119,056.47 Total ; $4,711,427.45 LIABILITIES Capital Stock $500,000.00 Surplus and Undivided Profits 104,635.97 National Bank Notes Outstanding 325,000.00 Dividends Unpaid 448.75 Deposits 3,731,342.73 Rediscount Account 50,000.00 ' Total , $4,711,427.45 United States National Bank of Portland, Oregon. Submitted to the Comptroller of the Currency at the Close of Business, June 23, 1915. RESOURCES Loans and Discounts $ 5,335,727.60 United States Bonds at Par 991,000.00 Municipal and Railway Bonds 1,791,565.55 Bank Building 125,000.00 Cash in Vaults $1,553,4601 Due from Banks 2,827,744.50 4,381,206.41 Total $12,624,499.56 LIABILITIES Capital Surplus Undivided Profits Circulation Deposits Total. Attest: Statement of Condition of LADD & TILTON BANK ' at the Close of Business June 23, 1915 RESOIRCES Loans and discounts Bonds and stocks Customers' liability on letters of credit. Real estate Cash on hand and due from banks 1,1 ABILITIES Capital stock fully paid Surplus and undivided profits.... Letters of credit Reserve for interest and taxes... Deposits CONDENSED REPORT OF- Time Citizens Bank: PORTLAND, OREGON. At the Close f Business Jane 23, 115. RESOURCES Cash and due from banks. $247,183.77 Loans 386.14z.G0 City of Portland bonds... 79.250.00 Real estate and fixtures.. 28,640.00 $741,218.37 ,.$1,000,000.00 , . 280,686.61 ,. 250,000.00 17,150.00 .. 5,717,991.17 , $7,265,827.78 the Condition of Charter No. 4514 Condensed Report of $ 1,000,000.00 1,000,000.00 242,583.98 800,000.00 9,581,915.58 $12,624,499.56 J. C. AINSWORTH, President. .$ 7,880,333.75 . 3,309. 146. 29 48.954.88 60,000.00 . 3,731,995.43 $15,030,430.35 .$ 1.000.000.00 . 1,360.211.19 55.731.32 40,000.00 . 12.574,487.84 $15,030,430.33 LIABILITIES Capital paid In $100,000.00 Surplus and profits.... 25,752.49 Deposits 615,465.88 $741,218.7 III.