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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 2, 1915)
TTTT3MORNTNG OREGOXTAX. FRIDAY, JXT.T 2, 1015. 17 CHIEF TRADE HERE Larger Part of Wheat Crop Comes to Portland. BUSINESS IS EXPANDING Xiocal Itecelpts in Past Season Al most as Large as All of Paget Sound Ports Combined. Market on Firm Basis. Portland's position as the leading; wheat market In the Pacific Northwest la clearly ahown by the record of receipts during; the season at this port, at Tacoma, and at Se attle, in the a-rain season Just closed, the Portland receipts were only 554 cars less than the combined arrivals of Tacoma and Seattle. Portland received during the 12 months 16,G.".0 .cars of wheat. Tacoma received 0245 cars and Seattle T949 cars. In the preceding season, the combined re ceipts of Seattle and Tacoma were only 510 cars larger than those of Portland. Two years ago the Sound cities together had 2008 cars more than Portland and three years ago, 3923 cars more. This Indicates the steady growth Portland is making as a wheat center. The record of car receipts for the past four seasons follows: Portland. Puget Sound. 1914-15 16.630 17.104 !H3-lt 15.7H11 1.2M 1912-1.1 17.433 19.441 1911-1;! 13.500 17.423 While the demand for wheat yesterday was not large, there was evidently some urgency, as buyers raised their bids 3 cents on spot milling and shipping bluest em and offered 4 cents more for spot club. For bluestem J1.03 was bid, but none was for sale at less than $1.10. A dollar was of fered for fortyfold with no sellers and the same price was bid for club with 11.03 askel. Red wheat was not In much re quest and the offered prices were 2 cents lower than the day before. There were no tales in any department at the Exchange. A new card. Issued by cereal manufac turers, quotes lower prices on graham flour. whole wheat flour and other cereal goods. There has been no change In patent flour quotations since June 23, notwithstanding statements in certain papers to the contrary. The list price of the mills Is still J6. The market Is firm on old crop flour, as the wheat market has advanced 7 cents since the last flour list was issued. The Oklahoma July crop report gives the condition of Spring wheat at 89 per cent last month, against 80 per cent a year ago. The crop Is estimated at 42.000,000 bushels, compared with 47,000,000 bushels last year. Fifty-one per cent harvested. Yield per acre. 15.3 bushels. Snow estimates the corn crop at 2.685. 00O.CO0 bushels. Last year the Government fiscal estimate was 2.673.000,000 bushels. Argentine shipments for the week are es timated at 1.600,000 bushels of wheat and 4.2o0,000 bushels of corn. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat. Barley. Flour. Oats. Hay. Portland Thur 35 2 2 4 Tear ago. Tacoma Wed. 13 .... .... .... o Year ago. .. 7 4 .... .... 2 Ee'on 1914-15 9.245 593 6S7 3269 trt'on 11113-14 !l.:i!5 .".S .".4 27:3 Ee'on 1912-13 11.815 772 5S9 3382 Se'on 1911-12 10.821 207 614 660 2ia5 Seattle Wed 5 4 5 Year ago. .. .3 1 11 3 3 Se'on 1914-15 7.949 113S 2482 1307 5733 fie'on 1913-14 6.904 1194 2266 1358 6-tSS Be'on 1912-13 7.1126 116 1766 1459 3S fce'on 1911-12 6.602 451 HOP 947 6990 KirKT.P COO'TBY KEEPS BETTER &1RJES Observations of Animal Husbandry Special ist of Agricultural College. ORGOX AGRICULTURAL COLLEGE, Cor-v-allls, July r. (Special.) Ralph E. Rey nolds, extension animal husbandry specialist of the Agricultural College, has completed an inspection of livestock conditions In the great range country of Central Oregon. He reporta that, while wool prices are satisfac tory and general conditions encouraging and range Is in a very good condition, owing to the late rain, but due to the loss of mois ture during the winter, field crops are somewhat below normal and the hay will hardly make an average .yield. One of the greatest needs of the district, according to Mr. Reynolds, is a more general use of bet ter sires In breeding to Improve the herds. He was In a position to observe that In those sections in which stockmen have worked -for better animals the sheep shear lo pounds or better per head, while In those places where this was not done the yield per head la often under seven pounds. Higher and better production more econom ically secured would result from a more general use of pure breed sires of good qual. ity bred to selected animals of the herds. The stockmen are becoming Interested In this problem and good results are expected. . Among the places visited were the farms of the Klamath Falls and Fort Klamath country, and of Crescent, Bonanza, Lang well Valley and Bly. In Lake County the farms and ranges of Warner Valley, plush, Lakeview. Goose Lake, Silver Lake and Palseley districts were Inspected. On these trips Mr. Reynolds was accompanied by County Agents Glazier and Hardy, of Klam ath and Lake Counties, respectively. OREGON BITTER GOES TO AUSTRALIA Strong Demand Responsible for Advance in Local Prices. A strong demand has developed In the market for Oregon cube butter. Good-sized shipments are being made to the north, but by far the larger part of the business is with California. There is no doubt the but ter going to San Francisco Is for shipment to Australia. The last two steamers leaving San Francisco for th Antipodes carried 358, 000 pounds of Pacific Coast butter. Ship ments earlier in the season aggregated over 1.000.000 pounds. Local creamery men be lieve the Australian demand will continue for some time yet. The advance In cube butter has naturally strengthened the market for creamery ex tras, which were put out yesterday 24 cents higher, cartons being listed at 30 cents and plain wraps at 29 cents. Local creameries hove raised their buying price of butter fat 8 rents. The egg market was firm for fresh No. 1 stock, with but little demand for the lower grades. The poultry market has slumped badly and hens are now selling at the lowest prices of the season. Most of the sales yesterday were at lo cents. Dressed meat trade was ulei. NEW CLIP WOOLS SELLING IN EAST About One Million rounds of Territory Turned Over by Dealers. Trading In new-clip wools is Increasing rapidly In the Eastern markets. A mail re. port from Boston says: "It Is thought that at least one million pounds of new territory wool have been disposed of. One house alone has trans ferred over S5O.000 pounds, mostly half and three-eighths-blood, and another one at least half a million pounds of various grades, the bulk of It being medium and fine medium. Other smaller sales are recorded, both of graded and original bag wool.. The parties to these transfers are rather chary about disclosing the prices, but it is be lieved that th wools will cost the buyers 65 cents when clean. Dealers are hoping for a litUe improvement In the goods trade as they are opening as rapidly as possible their new purchases in the West and they are hoping for.-an early buying movement on the part of manufacturers. "Total transfers or the week are esti mated at 4.000,000 pounds, over one-half being Australian merinos. Nearly one mil lion pounds of these merinos have been sold on a clean basis or 72 to 73 cents tor 70s and 65 to 70 cents for 64a Other transfers have included some 50.000 pounds at prices ranging from 68 to 72 cents clean. There has beeo considerable call for fine Cape wools and nearly 100.0OO pounds have been taken at prices which will make the scoured cost to the buyer from 60 to 65 cents. Small sales of snow-white Capes at a clean cost of 60 to 62 cents are noted and of scoured Australians at 62 to 65 cents. Offerings of the latter are very small." HOT WEATHER FRUITS BOOMING Lemons, Cantaloupes and Melons Are la Strong Demand. The fruit business on Front street Is boom ing these hot days. Watermelons, canta loupes, lemons and other hot weather spe cialties are In strong demand and prices are xirm. Deciduous fruits are still backward. There s a good supply of peaches, apricots and plums on the market and more are rolling, but buyers do not take bold of them freely yet. A shipment of white Astrachan apples arrived from California yesterday and were quoted at $2.25&2.0O a box. Berries were unchanged. The car of Mississippi tomatoes received is the last of the season. They sold rap idly at 1.50 a crate. Bank Clcarinrs. Bank clearings of the Northwestern cities yesterday were as follows: , Clearings. Balances. Portland 1. 724.131 109.3-5 Seattle 2.6TO.OS4 637.453 Tacoma 293.260 71.286 Spokane S26,li7 6579 PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants' Exchange, noon session. Prompt delivery. Wheat Bld. XBk. gluestem X i.o; 1 10 S1"0,-.; l.oo 1.03 Red fife Red Russian .....I. .92 Oats No. 1 white feed ..... 2 1 jxT 27.'25 .naney IS o. 1 leed 23.00 24 (10 Kran . .,- bhorts 2-4 imi ma Futures August bluextem 03 AUKUSt fiirrvfnlri August club "s5 August fife .................. h ' August Russian August oats . 2.-, 00 27 50 AusniHf haHnv .... August bran 2400 25.0O August snorts 23.50 25 00 FLOUR Patents. 8 a barrel; straights. 25 " vv.u , fiduaui, J1ILLFEED Spot prices: Bran, 127W 27.50 per ton; shorts. 2sa28.6o; roUed barley. 125.50 26.50. -uk.-s wnoie. S3 per ton; cracked. 3T per ton. HAY Eastern Oregon timothy. $154? 16: Valley timothy, t lzt 12.50; grain hay. flu 12; alfalfa. S12.k-otjia.50. Fruits and Vegetable. Local Jobbing quotations: TROPICAL FRUITS Oranges. Valencia. 13.50(3.75 per box; Mediterranean sweets. 92.502.75; lemons. $3.50 3 5 per box; ba nanat. 5c per pound; grapefruit, 4.5'J (O.5. 25; pineapples. 64s 7c per pound. VEGETABLES Cucumbers, Oregon, 40 75c per dozen; artichokes. 75c per dozen; to matoes, 1L50 per box; cabbage. 10114c per pound; head lettuce. SI per crate: spinach 5c pel pound; rhubarb, 2 a 3c per found: peas, 24j4c per pound; beans, 24 3c per pound; green corn. 20640c per Ooz?ll. GREEN FRUITS Cherries. 4 6 8c pound; ooseberries, 2 ft 4c per pound; cantaloupe, -'&2.73 per crate; loganberries, 75asOc; raspberries. 75c4rl; currants. li1.25 per crate; apricots. 75c0Sl per box; peaches. 75 SI per box; aatermelons. 2fce per pound: plums. SI .25 per box; new apples. S2.2ofe-2.50 per box. POTATOES Old. S2.25 per sack; new. Il4fel4c per pound. ONIONS Yellow, Slei-50; white. SL2S. red, SI. 75 per sack. SACK VEGETABLES Carrots, S1QL50 per sack; beets. S1.S0; turnips. S1.35. Dairy and Country Produce. Local Jobbing quotations: EGOS Oregon ranch, buying prices: No. 1, 24c: No. 2. 20c; No. . 15c per dozen. Job bing prices: No. 1. 26c per dozen POULTRY Hens, 0Hlc; broilers, lea 18c: turkeys, dressed. 22fe25c; live, lj2uc; ducks, old btjruc. oung lowlsc; ije.se, ts tvc BUTTER Creamery, prints, plain wra pa pers. 29c; cartons. 30c per pound; cubes, or dinary, 23fe24c; fancy. 25fe25Vc. CHEESE Oregon triplets, joobers buying price. 13 c per pound f. o. b. dock. Port land: Young Americas, 144c per pound. VEAL Fancy, lov011c per pound. PORK Block. 10c per pound. Staple Groceries. Local Jobbing quotations: SALMON Columbia River one-pound tails. ,2.110 per dozen; half-pound flats. $1.50; one pound flats. S2.50; Alaska pink one-pound tails. $1.05. HONEY Choice. $3.25 per case. NUTS Walnuts. 15fe24c per pound;. Bra zil nuts. 15c; filberts. 14&24c; almond, iw is-'-c: peanuts. ti44c; cocoanuta. $1 per doa; pecans. 19fe2oc; chestnuts. 10c BEANS Small white. 6.70c; large white, 5Vc; Lima, 5c; bayou. 5.60c; pluas. 4.90c. COFFEE Roasteu, in cruras, S 1 '1 4j 33 v c SUGAR Fruit and berry. $6.90; beet. $6.70: extra C. $6.40; powdered In barrels, $7.15; cubes, barrels, $7.80. SALT Oranulated, $15.50 per ton; balf grounds. 100s. $10.75 per ton; 50s. $11.50 per ton; dairy, $14 per ton. RICE Southern head, 6K'6c; broken, 4c per pound; Japan style. 55 vc DRIED FRUI1S Apples. 8c per pound; apricots. 13 & 15c; peaches, 8c; prunes. Ital ians, Sg9c; raisins, loose Muscatels, be; un. bleached Sultanas. 7Sc; seeded. Uc; dates, Persian, loc per pound; faro. $1.65 per box; currants, Bv 12c Hops. Wool. Hides. Etc HOPS 1915 contracts, nominal; 1914 crop. 12fel2c per pound. HIDES oaltea hides. 14 Sic: salted kip, 15c; salted calf. 18c, green bides, 13c; green ktp. 15c; green calf, lsc; dry hides. 24c: dry calf. 26c . WOOL Eastern Oregon, medium. 25 W 28Hc: Eastern Oregon. line. 1821ic; Val ley. 26 a 30c MOHAIR New clip, 3031o per pound CASCARA BARK Old and new. 44fee per pound. PELTS Dry Iong-wooled pelts, lsc; dry 1 short-wooled pelts. 11 fee; dry shearlings, each. 10013c; salted shearlings, each, i,a 25c; dry goat, long hair, each, 13c; dry goat, shearlings, each. 10fe20c; salted long wool pelts. May, $10 2 each. GRAIN BAGS In car lots, H08he; In less than car lota, about c more. Provisions. HAMS All sues. 17H18c; skinned. l.ViitlBe: picnics. 12c; cottage roll. 15c: boiled. 17S27C BACON Fancy. 2628c; standard. 22 0 23c; choice. 17fe21e; atrlps, 17c DRY SALT Short, clear backs. 12H815c; exports. 14to16tee; plates, 110126c LARD Tierce basis, kettle rendered, 14c standard, 12c; compound, 8ic ' BARREL GOODS Mess beef. $24; plate beef. $25; brisket pork, $28.50; pickled pork feet, $12.50; tripe. $9.5ufr 11.5o; tongues, $30. Oil. KERCSENE Water white, drams, barrels or tank wagons, loc; special drums or bar rels. 13 Vic; cases. 17Hfe20HC GASOLINE Bulk. 12c; cases ;c; engine distillate, drums, 7c; cases. 7i4c; naphtha. drums, tic- rases. lMc - LINSEED OIL Raw. barrels, 77c; raw. . . . , at ; doubo, cases, 54C TURPENTINE In tanks. 61c; In cases. 68c: 10 -case lota, lc less. CURRY COUNTY CLIP IS SOLD HIGH Credit for Increased Price Is Given War Conditions. MARSH FIELD. Or.. July 1. (Speclsl. Advices from Curry County are that the ma jority of woolgrowcrs In that district have disposed of their. 1915 clip and. excepting a few who contracted and sold early the ranchers have been turning the crop for the highest -price known In years. For the past six or seven years the price of wool has averaged between 18 and 21 cents a pound, while 30 cents has been the general figure in 1915. ' Increased prices are credited to the great demand for wool fabrics in the European war and the advanced price of mutton lo cally can be attributed to the natural in crease In the value of sheep. More than lOO.OOO pounds of wool are shipped out 01 Curry County each year and the clip some years amounts to 80 per cent more. The cost of shipping the product to market Is sometimes hslf a cent a pound. Big Cut in Cotton Acreage. WASHINGTON. July 1. Repeated appeals by the Government to Southern farmers to reduce their cotton plantings. In view of the stagnation in the market caused by the war. has resulted in a reduction of t $71 000 acres from last year's acreage, which' would according to last year's yield, reduce cotton production approximately 1. 454,07s bales of 500 pounds each. A total area of Sl,K35,Ona acres of cotton Is under cultivation In the United States, the Department of Agriculture announced today. The condition of the growing crop on June 25 was 80.3 per cent of a normal. Dulntb Lnseed Market. DULUTH. July 1. Lnseed Cash and July 1.72tt; September, IL7J, STEEL TRADE GROWS Increased Output Reported From Industrial Centers. DOMESTIC NEWS IS GOOD Stock Trading Halts in Anticipation of Holiday Sinking of Armenian Causes Renewed Apprehen . slon Dond Arc Heavy. NEW YORK. July 1. Features of especial Interest were altogether lacking in today's stock market, which bore the usual ante holiday aspects in its dullness and' Irregu larity. So lar as outside developments were at all effective, forelrn conditions exercised an un. favorable Influence, the sinking of the steamship Armenian with further loss of American Uvea causing renewed apprehen sion regarding relations between this coun try and Germany. Domestic news was most favorable. In cluding the Government's report on cotton, which showed a condition slightly above the average of tbe past decade. Crop news from the Northwest was more reassuring and sdvlccs from Hlttsburg and other industrial centers reported a steady increase in the output of steel and Iron. Almost half of the day's trading centered about four stocks United States Steel. American Can. Miami Copper and United States Rubber In tbe order named. Interest centered In Rubber, because it was expected the directors would act on the common divi dend soon after the rlos of the market. Rubber receded slightly after the opening, then rose 2 over yesterday's close, lster losing Its advance. Miami Copper made a substantial gain In response to its Increased dividend, and Can rose smartly after Its erratic course of the morning. Steel was steady when not firm, some of the early transacllona being In large lots. Total sales of stocks amounted to 257.OO0 shares. Railroad shares of the nigh-grade class moved within very narrow limits when at sll. and other Investment Issues were equally apathetic. These same Issues were decidedly lower abroad, London prices showing losses of a point for the Harrlmans and Pennsyl vania, while Canadian Pacific was down 2S. Europe wss again' a seller here, chiefly of bonds, liquidation of these securities aggre gating about l.'OO.OOO. Foreign exchange was a trifle more steady, mainly because of an absence of of ferings. In fscl, rates on Rome and Petro. grsd were merely nominal. Iiodon ex changeon Paris moved to an unprecedented rate, presaging further shipments of gold from Paris to the British capital. The general bond Ut was heavy on mod erate trading. Total ssles, par value, aggre gate.! (2.250.000. United States bonds were unchanged on calL CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. bid. Alaska Gold.... noo 37 S 3t7 37 14 Amal Copper... 2,oo 74 1 74 74", Am Beet Sugar. I.IOO 4V 4 4Si American Can.. 33.40O 4iS 44 "i 44 Am Sra A Refg. 3,40 70S 78 S do pfd I'"!", Am Pug Refg j,7 Am Tel A Tel.. 7"0 1204 j;o 120' Amer Tobacco.. 200 226; 226T 225 Anaconda M!n.. 9'4 Atchison I.IOO loos JO0 loo Bait Ohio... lxo 7i 7rt' 7'-4 Br Rap Transit. 9O0 89 88 r.7 v ChI Ivtroleum.. 14 Canadian Pac. 3.SOO 144 H 142H 14T Cent Leather... 2.500 40 V 4"i 4li Ches A Ohio 800 3S 3SS S1 Chi Or West ..... 1 1 -2 Chi Mil A St P lOL Chi at N W . Chlno Copper... 1.300 4.1 14 4.1 Colo F A I eiHi si v 2S M. o 25 24 lj 24 S Irt4 2" 2.',T. t 010 A south.. ...... DAP G do pfd Dist Securities.. 2. IOO Erie Oan Eiectrie... Oort or isortn prd... !W 118W iih im. .r .or ore ctrs. l.of-o T,n 34 s : 4 Guggenheim Ex. 1.400 H2 t2 r.-- Illinois Central Jim) Inter-Met pfd.. 1K 714 f.m Inspiration Cop. 2.500 31 4 80S 30t- Inter Harvester. ...... ..... ..... 100' K C Southern... 24 Lehigh Valley.. 500 142, 141 142- Louis A Nash ..... 117W Mex Petroleum, l.ion 74 75 75 u Miami Copper.. IS. 6O0 2S 2t 2-t M bAT. ...... ...... ..... a Mo Pacific 8O0 6 eVi uti Nat'l P.iscuit . 1,7? Nat'l Lead 200 83 C3 " M Nevada Copper. jii N Y Central 00 gav, K V4 Ssw Y- S00 4V w5 US Nor A Western . 103 Nor Pacific... son jnji lixu mnu Pacific Mall 1.700 84 22 V 33 Tac Tel A Tel 77.. .7 Pennsylvania. .. 1.400 106 1034 loss; Puil Pal Car ..... Ray Cons Cop.. Rrwi 24 2CH ""risi Reading H.loo 14t 147H 1474. Rep Ir lr Steel. 300 20 2 KtL3F 2d pfd . ' TV South Pacific... ROO s 87 i s.- v South Railway. 1.200 1 i; ,A5 Tennessee Cop.. Boo 37 :v.v .; Texas Co goo J2 1-7 ii 1 o 11 r-acmc. . o. Ml 12H J27 12t do pfd U s Steel 22.100 ens r.uZ nnZ I S Steel pfd.. 100 lo- lOftS. liniu a:.h pfd ... j.jo u v u Western Union nnil Westing Elec... 8.4O0 p v, "wT!i Monlsna Power. 400 491, 48 4 700 Jn-i ,(ai ini. Total sales for the day, 257.000 shares. BONDS. L" 8 Ref 2s. reg. 4IN TOO 4S b TT do coupon 7 Nor Psc 3s atst U K 3s. reg loo'i do 4s oniT do coupon J no 14 If o pac 4, LBN 4s reg..l! rta conv 3s... 4 do coupon llOHIfnion psc 4s... 1,4 W RCBBEB COMMON DIVIDEND PASSED Payments Are Derlsml on Preerred, Stock f Company. KEW YORK. July 1. The directors of the I nltert btatea Rubber Company today passed the dividend on the common stock The regular dividends of 2 per cent quar terly on the first preferred and 1 per cent quarterly on the second preferred were de clared. The common stock was put on a per cent basis last year, having paid In 11 i1"1 tJP. ln'h ltler ear. h.,weer. an additional stock dividend of 20 per cent was declared. Rubber common sold as high as J7V B the middle of last April and was quoted as 5Vi two weeks ago. Since that time there has been steady liquidation, the price de clining to 4Va Isst Tuesday and closing at il today. Uncertain business condi tions resulting largely from the European war and the desirability of conserving the company's finances were among the reasons advanced by the directors for the passing of the dividend. v President Samuel P. Colt Issued a de tailed ststement saying that "motives of patriotism" had influenced the directors in ordering payment of the dividend Imme diately after the war, but since thst time a feeling of conservatism on the part of the board had Increased, "until It would seem that a majority are now opposed to the present declaration of a common dividend." Money, Exchange, Etc. NEW YORK. July 1. Mercantile paper Sterling sixty-day bills, .722S;'demand (4 7615; cables, 84.7710. Bar silver 48 e. Mexican dollars 37c. Government bonds steady; railroad bonds heavy. Time loans soft; 80 days. 2 Vi fj ! per cenf 0 dsys. 34m per cent; six months. i 4 per cent. Call money steady. High. ! per cent; low. 1 per cent: ruling rate. 1 per cent; last loan. ITs P--r cent; closing bid, IV, per cent; offered at 174 per cent. SAN FRA.VCISCo7july 1. Sterling on London Sixty days. 14.72; demand. 14. liv eable. 84.77 V- LONDON. July 1. Bar silver Z2 1S-18. Money IV per cent Discount rstes Short bills and X months. 4i per cent. Stocks Quiet st Londoeu LONDON. July. 1. The tendency was un certain In the American section of the stock market, but the closing was steady. Trading was light with Canadian Pacific and Penn sylvania receiving the most attention. Iondon Wool Kale. LONDON. July 1. The offerings at the wool auction aales today amounted to 82o0 bales. The tone was Increasingly firm, espe cially on good combing merinos, which ad vanced 10 to 15 per cent, and crossbred, which gained S to 10 per cent. The home lr4 a a active, but Kiiaala awcurad tas best grades of acourwds, paying 2a 84 for Uueeusland. Americana bought a few lots of greasy and scoured merinos. The liosrd of Trade has authorised the Textile Alliance to export tops and yarns to America from Great Britain nnder cer tain conditions. SAN FRANCISCO PRODLCE MARKETS Prices Cun-eat In the Bay City eta FraMa, Vegetables, Etc AN FRANCISCO, July 1. Butter Fresh extras. 2j"-,c: prims flrsta, 20c. Kreh extras. 23c; fresh firsts. 21c: selected pulleta. l?c. Cheese New. 80 lie: Young America, llie: Oregons. 13Sil4e. , esetabi Peas. loi.2:: asparagus. 81 el..,o; string beans, lVti3Hc; wax bewna. lii-tc: limaa. OdKc; ru. umUers 4uj7Jc- Onions New red. rV0i7.".c. Fruit Lemons. S1753..'0; grapefruit. 82 ffr 3 ; nramr-i, 8-Hr-i.Ov: bananw. Hswal'.an. II -'W.'; pineapples, Haaallan. JUmji i". apples. r rroi. 81 1 7.". Potatoes Delta. 7JjsOc. Receipts Flour. 8444 quarters; barlev. 854.1 centals; potatoes, 7010 sacks; hsy. 6-7 tons. Ceffeo Futarr. NEW TOllK. July 1. After opening steady at unchanged prices to a decline of 2 points, coffee futures rallied on scattered covering with active months selling 2 to I points net blather, hot, eased off again later In the day under trade selling, which was accompanied by reports of somewhat easier offerings from Rio. The close wss 2 to 4 points net lower. Sales. 32 2:-0. July. .c; August. ft-SSc: September. 7Hc; October. No vember and lecemlr. 6.K4C -. January. a.S7e; February. .Ile; March. .0.c; April. 7c; May. 7.o;o; June. 7.1o-. Spot quiet; Rio No. 7. THe; Rtntos No. 4. Sc. Rio 7s were said to be offered at 0 noo in the cost and freight market this after noon. Itlo exchange on London was 3-32d lower, while niilreis prices were uncbanged at San tos and 75 reis lower at Klo. TRADE LIVELY AT YARDS ACTIVK MARKET IX ALL LIVE STOCK DEPARTMENTS. All Klads of Qaallty la tbe OaTertBSa, and Its ns;e of Prices Vary Aervralasly. There was a rather lively market at ths stockyards yesterday, with a good shew of business In all departments. The offerings covered a very wide range of quality and the prloea paid varied accordingly. On ths whole the market was fnnderntely steady. Receipts were 31 cattle, lit calves. &33 hogs and 5w sheep. Shippers were: With hogs Tillamook Meat Company, TIlMmook. 1 car; S. W. Williams, Junction City. 1 car. With sheen Barclay 4V Cummlnga, Cor rallts. 2 cars. With mixed loads J. L. Brlggs. Carlton. 1 car cattle, calves and sheep; H'i-m a Loop. McMlnnvllle. 2 cars cuttle, hog and sheep; Zimmerman 4t Weed, Yamhill. 1 car cattle and hogs; K. lerr. McMlnnvllle. 2 cars cattle, calves, hogs and sheep; W. H. Mc.Mahon. Halsey. 1 car hogs aud sheep; Le lirun at Francis. Woodburn. 1 car boss and sheep. The day's sales were as follows: Wt. Price ! Wt. Price. 10 lambs.. Dl lambs.. 14 mixed .. 4 4 wethers 34 hogs. . . 23 hoes. . . 4 hoss. . . 8 bogs. . . 8 ewes. . 10 ewes. .. 4 lambs. . 11 lambs. . 1 hog 73 hogs. . . 8 hogs. . 1 buck. . . 1 yearling 17 ewes. .. 13 lambs. . 6 lnmbs. . 2 ewes. . . 3 ewes. . . 114 8-V5" 1 hog. ... 3K0 (il 00 3 .to 10 buss. . . . 2,7 o 113 4.2.1 1 hog. :iM a 7.1 110 B.2.-. 1 hog. . . 1 t M 200 . ' 10 caive-s lil 7.2.-. 17 7.7V 2 steers Iumi 8 2.-.3 6 7.'. 1 atear. . .. K.IO 4 . Irt3 7.2.. l.VI 3..-.'j 1 bull 7d 3-o 1 stag. . . . 770 4 ! 4 heifers.. 83'J 4.73 1 cow. . . . : 8,. 2 rows...'. 1i-S 5 imi tw r,.r,o 72 1 row o j.r-o ISO 7.7i 1 heifer. . MUI 4 7.1 135 6.ni 2 slags... ll-'l h : f0 4.CH11 lstag.... 1 !'' O.'.o 113 S.Oi 1 bull US'! 3.."hi 122 3..,0 1 bull... lirtin 4.00 87.1 4 0O P4 ..Vi 2 rows.. K .Vi'il Scows.... S."H 175 3..o lcow.... II in 12 2 oOl 2 cows. . . lOe.1 D.'.O tt 5 7.'. J.) 2 ! liHl.l 8 2.-. I220 8.23 1210 a ."! 1 .M'i S . 87 lambs.. 2 heifers. 1 heifer.. 1 cow . . . 1 steer. ... 1 bull. . . . 1 bull 12 yeurlln UO 6.0' 4 3 lamb 1 -". n.Big 10 lamt'S. . 70 6.0't, 4 yearlings 111 r, ' 17 ewes... 123 3. .VI 1.1 lambs.. A4 a Soi 1 bull. ... 1220 4 2 ewes. . 17 3 3.f.' 12. lambs .NO 4 ewes. .. as hogs. . . "7 lambs.. f3 hogs. . . 12 yearlings 6 ewes. . . hogs. . . 1112 134 :..W 11 lar.il.s. . .'! 0 hogs.... IK 7.21 8 bogs. . .. 23H 7 l'i 1 hog .... 2'l 7.W. 013 6.3.V I'M! KM B.OOl 7 hogs.... !) 8. in 81 hogs . 170 J.iW 1IMI 7 71 420 4.73 ISO 7.oi 81 hogs.... 1 calf l-J I.Oll Prices current at tne local stock varus on trie vsnous claaaea or stock: Best steers God steers ................. Medium steals ............... t hol':e coas Good cows Heifers Hulls btsss Hogs Light Heavy Sheep 87.00 0 7.2S 4 73u 7 00 4.73 6 uo S 2 tV730S 00 4 7Ju 4.71 3 Ml) J no a. 00 4.80 7iOOI.lt 4 73a 7 00 Wethers 3 00 tj J. 10 E looat jo Lambs 8.30s4so Omaha Livestock Market. omaha. Neb.. July 1. Hog, Recelpti 75jo. hlihet: hea-y. 87.3ia f.4.-; mixed 87. 497.43; light, t i.43i 7.02,; pigs. 80 73.1 7.": hulk. 87.40f7.4V " OMAHA. Neb.. July 1. Hog Receipts. d. Heoii,t. 2700. hlsher steers. 87.23to.33; rows and heifers, Stic? 8.23; Weatern steers. 8't. '" i.io ; Texns steers. So a 7.11'.; cows and heifers. .". s .w 7.33; calwva. 81 0 lo: shewp receipLS. lo ("hi, lower: yearlings. 84 ua 7.tio; wethers, 83. KO Ct4.oo; Lambs, 80tru.3. Chicago Livestock Market. CHICAGO. July 1. Hogs Receipts. 2". OOO. slow, 8c above yesterday: bulk. 87 tw. . 7.h: light. 87 tli.tx 7.V3; mixed. IT 4') a 7.1i; heavy. 7.iS a" 7.o; rough. 87.u3tr7.2u, pigs. 80.2.'.7.7i'. Cattle Receipts. Ooon. slow; native beef steers. 81. I'm u.1h; Western atrrro, 87.2.'-t 8.43; cowa and lielfers, 8.i.25 ay c-alvea. 87.2.".4 IO..-.0. heep tteceli.ts. I.1.00..I. weak; sheep. 83. 73e. hi; lambs. Including Springs, f7 a 10.23. Naval More. SAVANNAH. Ge. Ju!y 1. Turpentine firm. JSc. tales. 171 barrels; receipts. I4 barn-is; shipments, 8 barrels; stock, S3, ISZ barrels. Rostn firm. Sales. It barrels; receipts. Hilt barrels; shipments. 81 barre!; stock. 87.24 barrels. Quote: A. B. II. vS: C. D. 11 lo; K. 81.1S. y. m. 11. i is; 1. 11.40: K. 8J S3; M. 84.43; N. 8i-40; WG. JO; WW. tv.30. Metal Markets. NEW YORK. July 1. Electrolytic copper quiet. -0 23 O ZO.&oc. Iron quert and unchangej. Ths Metal Exchange quotes lead 8.73c. . Spelter nut quoted. New York fcugar Market. NEW YORK. July 1. Raw sugar firm: ocntrlfugsl. I l.'U1.lir; molasses, 4 Olia 4. lc. r-aiea, 30.O0U bags of Cubana Refined stesdy. hlrago Itairy Prodar'. CHICAGO. July 1 Mutter fnchsnged. Eggs Receipts. lu.MH esses; unchanged. ottoa Market. NBW YORK. July 1. Cotton spot quiet; middling uplands. U.SOc. Bales 7400 bales. Hops at New York. NEW YORK. July 1. Hons firm. POLICE CHIEr IS SPEEDER Officer Also Arrested for Kncing Car at Athena. ATHENA. Or., July 1. Spe.'lal.) Knforremerit of the t-ltr' speed laws for autos and similar vehicles was brought to a climax today, when the Chief of Police and speed patrolman were arraigned before the City Re corder and Qned 115 fur speeding. The Chief of Police and speed patrol man together in an auto raced through the streets, apparently on official busi ness. The defendants pleaded guilty and offered no excuse. Mr. Mulllt's AsMMant Gets Place. PENDLETON. Or, July 1. (Special.) Vacation days for the employes of lo cal banks began today and many are looking; forward to trips to the l'ana-ma-Paclflc Exposition, the mountains, seashore resorts, camp life and other recreations. Charles t Otto, formerly assistant to Bank Examiner Lloyd Mullt. who resigned that position re cently to become vlce-pres,ient 0f the Northwestern National Bank at Port land, has Joined the force of the Ameri can National Hanlc Tor the tbrce-montb vacation otrlod. ADVANCE HOT HELD Larger Crop Estimates Check Bullish Sentiment. MARKET IS UNSETTLED Possible Export Surplnn or 0O, 000,000 Buahcla I Klrurotl, a Compared With 440,000,000 Shipped In Past Sea.on. CHICACO. July 1. (estimates that tba United Plate would harvest e.000.000 bush els more in 1915 tbao was eaoocted a month ago had a reeiralaing influence, today on bu.llsh sentiment regarding wheal. The out come wss an unsettled close at a shade off to Sc advance, compared with last night. Corn gained t c to SijSc net. and oais c in V Vc. The finish In provi aJons varied from oe off to an equal upturn. Ths ronciueloo was drawn In some quar ters that North America during the coming year would be capable of exporting 4mi.ooo,. OOO bushels as compared with 440.ooo.ooo huahels during the twelve months enjed Juns 80. Vnder such conditions, higher pr:ces. which had been resetted soon after he opening, fat ed to be maintained. For tha only time so record, the first day of July passed without sny wheat having been delivered hare to fill contracts specifying the current month. Storks of old wheat were reported as unusually small, and a sin gle car. graded No. Z red. of ihe new crop. I sll that has yet been received in Chicago. It was bought for tl.14 a bushel. Ooo! shipping demand together with vir tual absence of deliveries on J(!y contracts, tended lo strengthen corn. Oats showed firmness on sccount of ths Inactive rail from the sesboard. Resides, wet weather was said to bo delaying the harvest. Heavy deliveries seemed to make but light Impression on the provision market. On all the sofi spots, packers furalhet support. Leading futures ranged sa follows: WHEAT. Open. l?lrh. !. Clcse. July I1S II. -S 1!.V4 11 eit ...... 1.03 Ills 1.41V l.tiv, CORN. July TJH .74 H .7li .74 Sept. 7IV .71S .71 .71V, OATS. -u'y .444, .r.V, .44 .51 Sept a .7-- .: .7a MESS PORK. July l.Ti I S 1 J 14 tt Sept. 17.10 17.14 17. t 17.34 Lard. Ju 40 t 47 I II 41 ept ii 70 .0 43 SHORT RIB3. July 10 3S 1" i 10 Jl o in tP' 14.41 14.71 14 i 14.41 Cash prices were: vhest No. t red, nominal; No. 1 hard. Corn No. 2 yellow. 73VQ7tlio; No. 4 yellow. 7it Hye No. nominal, Hsrley ( tr'le. Timothy t&.&o, 7. Clover It.Osv ll.ie. Prlmsry receipts Whest. 101. ooo rt t4. o bushels; corn, lli.oeo a 4 7J.004 busbeia; osts. 4ia.o4 vs. 114. COO bushela Shipments Wheat. 447. not vs. tt.04 buihe!a; corn. lis.ooo vs. r4 bushels; oats, 4-4. tuo vs. &74 O'H b us h e Is. ' Clearances Wheat. 444 net) bushels: corn. Ill.ooo bushels; osts. 40OU bushels; flour. 4'0 barrels. Forrlga Cirain Markets. LOXHOV, July 1. Cargoes on passsge Wheat 3d to 4d higher; corn. 4d higher. LIVERPOOL. July 1. Cash wheat, corn and oata unchanged. Rl'ENOS AIRES, July I. Wheat and corn unchanged. Minneapolis tirala Msrtet. MINNEAPOLIM. Minn.. July 1 Wheat Ju:v. Il.i'.", V; Hepiemher. 11 :., - No 1 hard. l.:ii: No. 1 Northern, fi;svj l.-7. liar ley. 9c. Flss, 31.70 ,U 1.71a. Rasters Grain Markets. PriA'TH. July 1. Whest closed: July. IU!4; fpu;mbr ll.0i,; Uecember. H.oi'i. KANSAS CITT. July 1. Wheat closed: July. 1'1: beptember, 4S,o bid; Decem ber. t,c. ST. LOT'IS. July 1. Whest closed: July. ! o?', bid; September. c; Lecember. :.'.. Crala at Raa Franrlsro. BAN rHAXdm. July 1 pot quoia- I., Walla. tl 47H J 170: red Russian. II 74C1 7! : Turkey red. II.7SU1 10: blue, stem. tt 75u1.l): feed barley. $l3StJIfl; white os's. 1 41S tr I.4S: bran. I37:; mid dimes. IlKiIl: shorts. Ill till lo. Call board Ilarley. December fl.13 bid. I'll set Hoond Grab Markets. SFTATTi.K. Waati, July 1 Wheal niue steam. Sl.ol: Turkey red. 41: frtf-td. 11 ;; clur, ; fife. tWc- red Kuealen. ,Vi. Itarlev. f : 2 i j.er ion. TMtenlaT car re celpts Wheat, 4; hsy. 5; flour. 5. T."OMA, Waah.. Julv 1 Wheat Dlue- tem. 1".: forijfol.l. II club. II: red fire, ti-.ic; red Ituaaian. Irtlc. Car receipts Wheat. 1"; hsv. R. MISSIONS ASK BIG SUM 11)4. HO COFEHE.rE DELEGATES AT LA GRANDE HEAR TALKS. Methodist Cslkrrlsg Is Vrrei ts Car 'r raas-erts la Rvaasellstle Tide Svvresdas; Caaatry. LA GRANDE. Or.. July 1. fSperlal ) Lay and ministerial delegates to th Idaho conference tonight heard rr. Chsrles A. Boswell. of Philadelphia, general secretary of the home mis sions, and church extension society of the Methodist Church. rr. Tremble, secretary of the general finance com mittee, also spoke this afternoon. Financial affairs of the conference were reviewed today. Speaking of the extension and home mission society. rr. Boswell said the society Is taking for fl.S50.000 from the church this year. This la I30n.. ooo more than wu given last year. He tali): Out of the J0.000 churches In Amer ican Methodism. 15.000 were built by tho society, and the additional money Is needed to take care of the converts resulting; from the evangelistic tide now sweeping tho country. In addi tion to this the money of home mis sion purposes is used to ffght saloons, social vices and such other elements that tend to make Impure cities and rural districts. Various other fields sre maintained. We are asking; the Northwest to pay Ha share of this 11 budget." The last address made by Bishop Warne at the conference was a re view of missionary work In the Orient. "I apeak for missionaries of all de nominations when I say that Uncle Sam should not rive the Philippine Islands their freedom now. he ob served. "There Is certain to be dis turbances In the Orient In the future, and I'nrle Sam will be needed There at that time." Forest Kmplore End lAfe. DAYTON", Wash., July 1. (Special.) The Sheriff and Coroner were sum moned to the rangers' cabin on the Tticanon Tuesday mornlns; on account of the sudden death of J. C Tlmmons, camp tender, who died at the camp two miles up the mountain from the io ernment station, from poison self-sd-mlnlstered. He formerly lived In Can sda. but when the war broke out went t California. He came here early In J una. STATEMENT THE BANK OF CALIFORNIA NATIONAL ASSOCIATION SAN FRANCISCO. Including Its Branches in Portland. Seattle. Tacoma and Virginia City. At Close of Business. June 23. 1915. ASSETS. Loans and Discounts Bank Premises (San Francisco and Branches)... Other Real Estate Customers' Liability Under Letters of Credit.... Sundry Bonds and Stocks United States Bonds to Secure Circulation Other United States Bonds Redemption Fund With United States Treasurer. Cash and Sight Exchange Total LIABILITIES, Capital Taid in Cold Coin Surplus and Undivided Profits Circulation Letters of Credit Deposits Total PORTLAND Corner of Third Vm- A. MarRae, Manager. The First National Bank OF PORTLAND, OREGON FIFTH AND MORRISON STREETS Capital and Surplus ------ $3,500,000 This Bank is authorized under the National Bank Act and the Federal Reserve Act to accept interest-bearing Time Deposits and Savings Accounts, OREGON RATES REVISED ADOPTION OK ORKbOX COMMIS MO. S SCH KOI LK OROKRED, lalerslate Comssjaalaa'a Decjalssi Made Applicable Oalr 4 Commodities f First Ksar Classes. OREOOVIAN NEWS Bl'REAU, Wash ington. July 1. txtstlns; through trancontlnental carload and Icss-than-carload commodity rates from the Kast to points In Willamette Valley and Southern Oiea-on. which are made by adding to the rate to Portland the local class rates from Portland to destina tion, are held t- the Interstate Com merce Commission to be unreasonable, and the railroads are directed to put Into effect the class rates as fixed In the ease of the Orrnon lis II road Com mission vs. the Bnuihrrn i'acitia. This decision was rendered today on the complaint of li. S. Glle A Co. and others, who have bern flchtlnr the Wil lamette Valley rates since 1910. The Commission found that the Southern Pacific In handling this business from Portland south wss not benelitina from the Increase in rates made March 12. 110. and that the entire benefit of the lncreaae went to lines east of Portland. The Commission's order applies to rates only on commodities of tbe first four classes. After August IS the railroads abandon their present rates to Willamette Val ley points and substitute rslrt nut hlxhrr than thus fixed In the Oregon Commission case. ALBANY HEADQUARTERS GO Off roes of Corvalli Jt la stern Are Abolished. AL.BANT. Or.. July X- (Special.) Corvallls A Eastern ltallroad headquar ters and offices at this city were abol ished today, llerrarter the line will be operated as a branch of the Southern Pacific system. The Corrallls A Eastern was pur chased by the Hsrrlman Interests sev eral years aao and soon thereafter the clerical department of the old head of fices here was transferred to South ern raclflc headquarters and the down town offices were abolished. A little later the trains were sent Into the I'nlon Depot Instead of the old Corral lls 4tc Eastern depot. The road continued to be operated under a separate name with Its own su perintendent, dispatcher nad operating forca. Colonel to Attend No Ko not Ions. SKATTLE, Wash.. July 1. Theodore Roosevelt sends word that It will be Impossible for him to attend any din ner or function of any kind during hts approaching vlstt to Seattle. He will arrive late at nluht. July It. and de part for San Francisco early in the mornlni. Progressive leaders hsd planned to call a stste conference with Colonel Roosevelt, and this must be abandoned. Runaway Boy Writea of Success. MORTON. Wash., July 1. One Mor ton boy has upset all the established rules and the precedents of boys who run away from home. This la Ueorre Murphy, K-year-old son of Mr. and Mrs !.. 'A. Murphy, who ran away to The Canadian Bank of Commerce HEAD OFFICE Toronto, Caaada. Established 1867. A general banking business traaaacted. Interest paid on tin deposits. Cams rrrlal Letters ot Credit lasased. Eicsssrs mm LssWss, IS as Is as. tlsstkt aad bold. .PORTLAND BRANCH. Corner Second and Stark Sta. F. C M ALP AS. Manager. MORTGAGE aasgasn sr csersn ests ssas OF CONDITION . .$31,S0G.2o5.l . 1,173,734.63 .. 3.2-J4.015.S3 .. 5,1 25.4 44.76 . . 5.000.000.00 2S5.000.00 250.0O0.00 ,. 14.P00.2Jl.Tx5 . .$ R.500.000.00 . . 8.256,734-33 .. 4.82325.00 .. 3.462.097.22 . . 37.234,183.74 ..G2.276.M6.29 BRANCH. and Stark Streets. J. T. Burtchacll, AsU Manager. Centralia some few weeks airo. Ocort-e haa written to his father that "I have already saved til, having- obtained a kood Job. and should you ever be In need of a lift, let ms know and I wi:i do what 1 ran " TR.4 VKIEK.S' criDt. San Francisco Los Angeles OVItboat Cassis tCsi It stats Tbe Bis;, tlrsa, t -mlertable, Kieaaatlr AaP latra. beasslas; trssuals S. S. BEAVER alia Kress Alaavrortb Dock A. M, JILV a. IOO C eldest Milcaaa tslsmbls lUtrr. All Hstea lar lade Hertbi and air a la. Table a ad Serrtoa I sfireUes. be Kraaelaeo s Fortlaaa S. a. Tblra mm Ussslsslsa Sta. tsalib o.-v. R. a X. i ,1. Urmmm- "7 &00. A 12t. FRENCH LINE (aapaaale Ceaerale Trsasattaatlqae. rosTAt. SEKV1CS. Sailmss from NEW YORK to EORDEAUX LSPAGNE July 10. 3 I. M. KOCH AM BEAU July 17. 3 P. M. .NIAGARA July 24.3 P.M. CHICAGO Ju.y 31.3r.M. rOK INFORMATION 4ITLI C T. Mlsrw, ss stfe st.t A. la. taartla. IW MsrrliM iCi a, a. larUi. C at. a M. r. lwr; H. ssaiitb. IIS M u. A. 1 anilia. IWS d et-l M. Iiicwawa, s Mas. bsta st. orth slash iiU. frlrj sad IHmrm Ms. H. Mrlsilsas. Kl sad H aila(lM !. t- H Itullr. 4 Sd r 4'r-t Uss. COOS BAY l:t KKkLA AND BAM rRACl!CO. SS. SANTA CLARA balls irtday. Joljr I. 1". M. F. A. KILBURN balls baaday. July 4, S I'. M. San Francisco SANTA I1ARRARA. LOS ANGELES AND SAN DIEGO SS. GEO. W. ELDER Wednesday. July t. t M. NORTH PAtlriC bTEAMMIlI CO. Ticket Office I Frelcht O.flos IliA Id St. I root Xarlirup St. Mala 1114. A 1114 J U-Amy kil l. Jl it.l a -sua ua a-soaarw ictii a a"'w 26 Hours Ocean Saul sC-Al LrcV. lnp.-t.:r. 4-Kaut r.'''j orv. "I.KKT NtKTIIMtN- : -'-rtlj sa. "NoallllK SA4.UIC r-raoa 1 UK SAN FRANCIS CO Every Tuesday. Thursday ajid baturda). C!sm.r train leavaa Nurfi lima s-.suoa S.iO A. at.; lunch auo.rd ship, tea. arrives baa aacjci S:oU f At. sst da's. EU-HESI bKKVICK AT IltKK.IIT KATE. bUKTII BANK T1CKKT OIIICE. rbsaasa tJy Bis. A Sail tb and otara. STEAMSHIP Sails Direct For &AN nuCL-ro. i. Atii;i-:a anu BAN ill bOO. Sunday, 1:30 P. 31., July 4 UN FRANCISCO. PORlH) LOS AM.fc.LKS MKU1.-IIU' to, FRAN few BOLLAM. Asrot. It4 Third ki. A 4i. Mala r. NEW ZEALAND AUSTRALIA Yl HONOill l" mmd (CVA P.tiJ rMris-r btf mert 7"'!AGA KA," aTt..o.H tons oitpurarabfit "MAKL'RA,' Hack) loni iiBp,cnur t Falhng every dyi from Vancouver. B. C App CBd:n pacific Ft:i Co, M Z& 6l. Portland. (Jr.. or to to Caoadna An- trtssvtri Hojral Ma.il Lin. u t maur teu. Vtnrouvtf H. C American-Hawaiian St earns Kip G. C, P. aVcaaealy Aaru. s.v Mark aw. rerUaad. aRetsreesj rartUad New Verb Bestea.