Morning Oregonian. (Portland, Or.) 1861-1937, March 24, 1916, Image 19

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Morning Oregonian., March 24, 1916, Page 19, Image 19

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Newspaper Page TextTHE 3IOKNIXG OREGONIAN. FRIDAY, 3IARCII 3-1." 101G. 10 IAR AGAINST HOPS England May Prohibit Further Importations. MOVE IS CONTEMPLATED Vnilctl States Will Tijus Lose Onlj Substantial Foreign Market for Its Surplus and Prices Will Suffer. LOXDOX. JIarch 2". Walter Hunciman. president of the Board of Trade, announced In the House of Commons today that th British government was contemplating the prohibition of the importation of hops. The stoppage of exhortations of hops to Kiiffiand Tvi!l be a serious matter to Amer ican owners, as only about ttvo-thirds of the hops produced in this country are used at home, and a foreign marliet must be found for the surplus. If this surplus has to be unlosdd on the American market, prices wi!!. of course, suffer. Th. effect, however, will be- felt rather Jn next season's market than, at present, as only about a sixth of last year's crop is still on hand. There are about 43,000 bales left on the coast, "of which some J2.00 bales are in Oregon. Export buying. In view of the action by the British government, will nat urally stop, and It remains to be seen whether the domestic trade can absorb the stoclt that remains. It win be five or six months before the pew crop Is available and in that time. It is thought, the Eastern trovers may absorb 20.000 or 25,000 bales, which will l"ave only the poorest hops to carry over. Oregon, fortunately, has but lit tie of the lowest grade, so stands a good chance of cleaninar up the remaining stock. "With prospectj of an excess production in th. Fall, growers cannot expect much snap to spot trading during the Spring and Sum mer, and lower bids are, therefore, looked for. As for the contract market, it is feared the demand may be entirely checked, at least for a time. There Is a. chance, bow ever, that the British ruling, even if it goes Into effect, may be modified before the new crop eorae9 on the market, and there is also the chance that the war will end before that time. In the latter event, there will have to be a complete readjustment of market conditions. Between 20,000 and SO. 000 bales of Pacific Coast hops. bouElit for English account, are row at New York 'awaiting shipment to London. Some of these hops have been there since last October. As practically the entire quantity has been paid for, it is presumed the British Government will allow them to reach their destinations. KASTRRJf BIOS JXm Kit EACH DAT No Business Possible in Wheat Market at Curreut Prices, Eastern bids for wheat have been de clining dally and are now much below the basis at which grain can bo bought In the country. Trade- with California has also ceased. Milling business In that state Is dull, and the millers are disposed to clean up the stocks they ha e on hand before they make any more purchases.. California wheat is also so low that the dealers are not Interested In Northern red at the prices asked here. Loral demand Is also slack- For this reason bid prices were further reduced at the Merchants' Exchange, aver aging a cent under those of Wednesday. Tssrq tias demand for small, quantities of ajjot oats and barley, and higher prices were orrered without attracting sellers. County holders of all cereals have with drawn from th. market. Argentine wheat shipments this week are sttmated at 3. 400.000 bushels. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: "Wheat Barley Flour Oats Hay Portland. Thur 3 3 5ear ago ft rea'n to date. !407 Year ago 15221 5'acoroa. "Wed. 30 Year ago Pea'n to data. Year ago e4 f-eattle. Wed. Fear ago - 1 1 Fea'n to date. 7024. rear ago TOS9 t X 1431 1S63 4 6 SOI 8 17011 2 5 1041 2728 IS 0 S4!5 280 0 1444 1732 72 1S.-.3 4!4 524, 2T 571 1 "si i 1058 6 174 1012 11?3 1000 bHIFFENG orders are in fob eggs Market Ts Firm at IB Cents for Storage Account. The ecg market was firm. Storage op erators bid 19 cents and took all that were efferad at that price. FIngle lots were sold ease count at 194 rents. There were also hipping orders on the market. The poultry market was unchanged. Re ceipts of hens were small, but dealers could not get over 1 cents. There Is a good de mand for broilers at high prices, but very few are cominir forward. There was plenty of dressed veal on hand nd the market was quoted steady at 11 ll1 cents. Pork was scarce and firm. There were no new developments in the butter market. Arrivals of cheese continue below requirements. FARM PRODUCE VALUES COSEPARED Oregon Cereals Cheaper Than Year Ago. Dairy ITodurte Little Changed. Tlie Government's monthly crop report gives the estimated farm value of Important products In Oregon on March. 1- of this and last year as follows: 1916. 1913. I vTheat. bushel $ .9:t $1.28 Torn, bushel i2 1.00 T'ats, bushel ................... . ,5 .AO parley, bushel. .......... .6.1 .76 Rye, bushel 76 1.17 ' Potatoes, bushel ......... .69 .70 Hay. ton 12.30 R90 Butter, pound .:;2 .31 Kggs. dozen. .. ............. .27 ,2ft Chickens, pound .127 .127 ORANGES ARE ACTIVE AT NEW FRICE Bananas Arrive la Good Condition Vegeta bles Plentiful. The new orange prices went )nto effect Testerday, and there was a good demand at the advance. A part of the lot received by steamer went north. , Vegetables of all kinds were in good sup ply. White asparagus sold at $1.65 a box and the best green brought $3.75. Rhubarb ivas unchanged. Four cars of bananas were received in good condition. Bank Clearings. Bank clearings of the Northwestern cities restcrday were as follows: I Clearings. Balances. Portland 11.884.129 17,177 Nattle 2,134.428 211,494 racoma 813,267 84.S49 Spokane 770,319 120,461 PORTLAND MARKET QUOTATIONS Grain. Flour. Vttt Merchants' Exchange, noon session. March riellverv Eld. Bid. Ask. yr. ago. . .$ .i5 t l.OO $ 1.33 Wheat Ftluestem - , rortyf old Pub Red fife Red Russian ... Oats No. 1 white feed Barlei No. 1 feed M'illfeed Bran Shorts .......... Futures - April bluestem'.. May bluestem .. April fortjfold . . May fortyfold . . Arril club ...... Way club April red fife .. May red fife April Russian ... May Russian April oats Mav oats ....... April fe.d barley May feed barley. April bran fciay bran .it j 1.:',2 .S4 .! .tVJ .02 l.r.o 1.23 1.24 . . 24.50 24.75 32.25 24.73 2O.00 21.00 Ask. $ 1.0O 1.03 . . . 20.73 . .. 22.50 22.00 2..V Bid. .PR .!4 .! .no ' 03 .!'4 .K4 .H4 2.1.00 27. OO 21.(10 21.2.1 21. SO 22 Vt 22.50 April shorts . . .' 23.00 24.50 May shorts 23.&0 25. 0O FLOUR Patents. 53.20 per barrel: straights. S4.C0W5: exports, $4 30: Valley, $4.70; whole wheat. $5.40; graham. $1 20. HAY Kantern Oregon timothy. $21922 per ion: Valley timothy. $10; alfalfa. $20. M1LLFELD Spot prices: Bran, $13 per ton; fhorts. $25.50 per ton; rolled barley, $31.50-3.32. 50. CORN Whole, $37 per ton: cracked. $33 per ton. Fruits and Vegetables. TROPICAL FRUITS Orlngos, navels. 2,253.50 per box; lemons. $3 i4.25 per box; bananas. 5c per pound; pineapples. 54'&7c per pound; grapefruit, $4.50-4.75; tan gerines. $2.50 per lug. VEGETABLES Artichokes. 7."Oc per dozen: tomatoes, $3.75 per crate; cabbage. $1.252.50 per hundred; garlic. 10c per pound; poppers. 1 7 "if 20c pes pound; egg plant. 23't:C per pound: horseradish, R'.sc per pound; cauliflower. $1.35 & 1.50; celery, crate; lettuce. $2.25 'i.SS per crate; cucum bers. $1.25 1..1; gpiiiai-h. $l$il.l5 per box: asparagus ft'dllc pt--r pound; rhultarb, $L50 -1.7.1 per box; peas, 9&10c per pound. POTATOES Oregon. $1.40r?. 1.50 ; Yaki ma. $1. C0 1.75 per sack: new Florida, 10 v?12r per pound: eweets. $3.253.50 per hundred. ONIONS Oreson. buying prices, $1.50 f. o. b. shipping point. GRE7EN FRi'IT Apples. $11.60 per box; cranberries, $11 per barrel. Dairy and Country Produce. Local Jobbing quotations: EOG3 Jobbing prices: Oregon ranch, candled,- 20c per dozen; uncandled, 19'gil9V2C per dozn. POULTRY Hens. 10c; (Springs. Je; stacs. 12c; broilers, 20(S25c: turkeys, live, IS' 2"c: turkeys. dre.ed, choice, 24 25c: ducks, la'S-lfic; pees, 10c. - BIJTTKR Prices from wholesaler to re tailer: Portland city creamery prints. 60 pound, case lots, standard grades, 84c; lower grades, 31c: Oregon country cream ery prints, 60-pound case lots, standard makes. 31 ?3.".o; lower grades. 30 'tt 30 c : packed In cubes, 2c less. Prlcs paid by Jobbers to producers: Cubes, extras, 20 f 30c; firsts, 2727-ic; dairy butter. 14 ISHc: butterfat. No. 1. H-ie; No. 2, 30c. ' CHEESE Oregon trirlets. Jobblnr buying prices, 20c per pound f. o. b. dock Port land: Young Americas. 21c per pound. VEAL Fancy, JlllHe per pound. PORK Fancy. 3111'io per pound. Staple Groceries. Tvcal Jobbing quotations: SALMON Columbia River, 1-pound tails. $2.30 per dozen; one-half flats. $1.50; 1 pound flats, $2.30; Alaska pink, 1-pound tails. P5c. HONEY Choice, $3.25 per case. NUTS Walnuts, sack lots. 16c; Brazil nuts. 1501Sc; filberts, 16iS;lSe; almonds. 16e: peanuts, S'.-c; cocoanuts, $1 per dozen: pecans, 10rgi2Oc; chestnuts, 10c BEANS fcmai: white. 7.20c: large white, 7.15c; lima. 6c; bayou, fte; pink, 5ic OOF-FEE Roasted, in drums. 1433e. SUGAR Fruit and berry, $7.65: beet, $7.45: extra C, $7.15; powdered, in barrels, $7.DO: rubes, barrels, $t.01. SALT Oranulated. $15. CO per tn: half ground, 100s, $9.50 per ton; 50s, $10.50 per ton: dairy. $14 per ton. RICE Southern head, ?6He per pound: broken. 4c : Japan style, 4'4gi5c. DRIED FRUITS Apples, go per pound; apricots. 13Q 15c: peaches. Sc: prunes. Ital ians, 8-ftOc: raisins, loose Muscatels, 8c: unbleached Sultanas, 9J.10c; seeded 0c' dates, Persians, 10c pound: fard. $1.65 per box; currants, ii12c; figs. BO -ounce. $2: 10 4-ounce. $2 25: 36 10-ounce, $2 40; 1' 10-oiince. S5c; bulk, white, 7iSSc; black, 6c per pound. Hops, Wool. Hides, Etc. HOPS 1015 crop, 1013e per pound; 1916 contracts. 114 (S12C per pound HIDES Salted hides. 25 pounds and 'up, lc; salted stags, 50 pounds and up 11c salted kid. 15 pounds to 25 pounds, 16c salted calf up to l.v pounds, 10c; green hides, 50 pounds and up. 13 tec: green Btags 50 pounds and up. OUc: green kip 1.1 pounds. 10c: dry flint hides, 2c: dry 'flint calf up to 7 pounds. ?Se; dry salt hides 21c WOOL Eastern Oregon, 2030c- Valley 27 28c. MOHATR Oregon, 80 31 o per pound. CA.SCARA BARK Old and new. 4c per pound. PELTS Dry long-wooled pelts. 17c; dry short-wooled pelts. 13c: dry shearlings, 10 n 15c each; salted shearlings. I.V32.I0 each dry roat, long hair. 15c each; dry goat shearlings. 1020c each; salted long-wooled pelts. February, $1.23q2 each. Provisions. HAMS All slses. choice, 20'ic- standard 19 Vic; skinned, 17lSc; picnics, i2'4c; cot- tftrO TfIl 14C. BACON, Fancy. 2S20; standard, 22 23c; choice, 1621c. nnv rat.t 1 ,. , exports. 13H(f15c; plates, lOfclliic? ' L 7 Kettie rendered, 13i?c' andard. 1SuC; compound. lllo BARREL GOODS Mess beef, $U; plate i5'rn ' brUket P"' ia; tripe. $10.50 Oils. KEROSENE Water white, drums, harrels or tank wagons,-10c; cases, 17V.20Vtc . GASOLINE Bulk. 18 He cases, 25UC naptha. drums. 13'ic; cases. 22c LINSEED OIL Raw, barrels, oic- raw case.' oncC: bolIed' bar"l. 04c; boiled! TERPENTINE T 7e; in cases. 74c; 10-caue lots. 1c less. . BAN 1-RANCISCO PRODUCE MARKETS Prices Current on Butter, Eggs, Fruit. Vegetables. Etc.. at Bay City. 8AN FRANCISCO. March 23. Butter Fresh extras. 2sc; fresh firsts, 27'4c; prime firsts, 87 Ho. Eggs Fresh extras, ISHc; Ircih firsts. 1713c; pullets. 18c. Cheese New. ISc: Young Americas, I8H0. Vecetables Kmilnnr inw 17 peas, 3-S5c; cucumbers, SOii 7.1c;" tomatoes, $2.502.75; string beans, 15e20c; llmas - ' - ... 41 . , J ' 1 LIALO, asparagus. $1.25 2. onions California, $1.25 1 50. Fruit Ippinni t ' . - - - 1 . $l.ooa2.60; oranges, $1. 602.50; bananas, Hawaiian. 75eS$1.6G; pineapples, Hawaiian $1.5OSr2.50; strawberries, $1.50S!2 per crate 1 'nfliu,B iena. sj.iaii.iu; saunas, $1.60a 2.10; sweets. $230. Receipts Flour. 510 quarters; barley, 1320 centals; potatoes, 7010 eacks; hay, C6O tons. Coffee Future Higher. NEW YORK. March 23. The market for coffee futures was quVet today, but prices ruled higher in sympathy with continued steadiness in Brazil and on a moderate de mand from trade sources. The opening was unchanged to 2 points lower, but thena was very little eoffee for sale and prices soon firmed up with .July advancing from 7.D0c to 8.10c, while September sold as high as 8.20c during, the afternoon. There was a llttlo European buying on this advance. uu mi marKet Closed at a net gain of 10 to 15 points for the day. Sales 15.500 bags. March, 7.95c: April, 8c; May, 8.03c; June, 8.07c; July. 8.11c; August. 8.15c; September, 8.20c; October, S.24c; November, 8.2Sc; De cember, 8.32c; January, S.35c; February. 8.39c. Spot coffeo steady. Rio 7s, Bci Santos 4s. lOHc Cost and' freight market was reported about unchanged on the average with quo tations for Santos is ranging around 10.35 10.40c on London credits. The official cables reported no change In milreis prices and a decline of ll6d In Rio exchange on London. Rio cleared 10 -000 and Bantos 92.0OO bags for New York with the figures IndicaUng still larger clear ances for Europe. Metal Market. NEW YORK, March 23. Copper Steady; electrolytic, near-by, $28 (3 28.50c ; June and later. 27&27.50O. Iron, firm and unchanged. The Metal Exchange quotes tin quiet; spot 49 50c. The Metal Exchange quotes lead 7.87c bid. Spelter not quoted. w York Sugar Market. NEW. YORK, March 23. Raw sugar Steady; centrifugal. 5.71c; molasses, 4.04c. Refined, steady. Futures opened quiet, but later became quite active, with Cuban interests again on the buying side, together with cover ing by recent sellers. At noon prices were three to seven points higher. Naval Stores. SAVANNAH. Ga March 23. Turpentine steady. M 73 & 52c; sales, 107 barrels; receipts, 20 barrels; shipments, none; stock, 8030 barrels. Rosin, firm: sales, 359 barrels; receipts, 453 barrels; shipments, none; stock. 73.797 barrels. Quote: A, B, C, D, E, $4 SO-' F $4.85; G. H, I, $5.10; K, $5.25; N, $5.35; WG, $5.50 ; WW. $5.60. Chieago Dairy Produce. CHICAGO. March 23. Butter, unchanged. Eggs, lower. Receipts, 18.275 cases; firsts 194c: ordinary firsts, lSUc; at mark, cases included, lS&19'4c. J- Dried Fruit at New York. NEW YORK. March 23. Evaporated ap ples, dull. Prunes, eteaay. Peaches, quiet. Dnluth Unseed Market. DULUTII. March 23. Linseed, cash. $2.16V3 &2.17'.i; May,$2.161i ; July. $2.1674. Cotton Market. NEW YORK. March 23. Spot cotton, steady. Mid-uplands, 12c. Sales, 1300 baits. OIL STOCKS WEAKER Mexican Shares Suffer Abrupt Drop in Wail Street. ' MUNITIONS ARE IRREGULAR Rails Close Firmer, With Active In quiry for Heading Southern Pacific Reports Increased Earnings in February. NEW YORK, March 23. During the greater part of today's listless Besslon, lead ing stocks rose and fell within fractional limits, except in the forenoon, when an abrupt decline in the Mexican group, chief ly petroleums, caused recessions of 1 to 3 points. Ralls -were more neglected than usugl, un til toward the close, when an Inquiry for Reading, which made an extreme gain of 1 'i, awakened Interest in other shares of the same class. In general, munitions, equipments and oils contributed more than their usual large quota. Mexican Petroleum being the most active issue of the day. It recorded an ex treme loss of 5'i at 104, but closed at lOSS. L'nltcd States Steel offered some re sistance to pressure on forecasts of earn ings for the quarter now drawing to a close, but Bethlehem Kteel continued to yield, fall ing 9 to 40.1. Metal shares were active. Total sales of stocks amounted to 4h5,UUO shares. The Bank of England increased Its gold holdings by oer $4,000,000. incidentally strengthening its liability reserves. while the Bank of France gained $2,352,000 cold, but increased its note olrculatlon by over $23,000,000. Southern Pacific was first of the Import ant'oads to submit February earnings, with a net Increase of $204,000. Bonds were steady, with further heavy trading In Anglo-French 5s. Total sales of bonds, par value, were $2,523,000. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. wiobi n g Sales. High. Low. bid Alaska Gold. . . . ALUs-Chalmers. . Am Beet tug.. . American Can.. American Loco.. Am Sm & Refg. do pfd Am Sn Refr... ftuO 1.2O0 1.4'H 1.10O 8,100 8,500 200 19 vi IS 29". 71 ,i 62'4 20 71',, 02', 74i 1O0 112 110'i 129 7s 'soi 103'j 104- 400 02 76V 102 10O $1 112 . 110' 130 392 103 "4 10.1 SS-'Js 407 S.i '4 23 lV7'i 54 14 4 13V4 94 3i 17Vi 54 4 "46 SO 74 16'4 121 14 44H 20 103 37'i 112',, 3 1 '? OOO Am Tel & Tel... 70O 130 Is American Too.. Anaconaa Cop. . Atchison Baldwin Loco... Bait & Ohio. . . . Beth Steel Br Rap Transit. Calif Petrol Canadian Pacif. Central Lea to.. Ches & Ohio. . . . Chi Grt West Chi Mil & St P. c R I & p Ry. . Chlno Copper... Colo Fu & Iron. 37.000 300 23,0"0 !00 134 107 roo 1 r,7 H l.r.oo r.ili 8. 600 64 H 107 55 04 94 i 17 r.3 4 0 88 i 400 7'lO l.ino 94 i J7i r.4ii 47 'i 91 4.0O0 Crucible Steel... 30,200 D fc R G pfd rist Securities.. 5.000 40 Erie 4.400 .174 General Elect... 200 108 Or North pfd Or Nor Ore ctfs. 1,900 45 Guggenheim Ex Illinois Central 4'4 37 3 OS ' "44 Int Cons Corp.. 300 174 Inspiration Cop. 18.2O0 48hi 17-1 74 47Vi Int Harv. N J 110 K. C Southern . . . 2O0 2 ft 2 2 Lehigh Valley..' Louis & Nash... Mexican Petrol. Miami Copper.. M K & T pfd. . . Missouri Pacif.. National Biscuit. National Lead.. Nevada Copper. N Y Central. . . . N Y N H & H. . Nor & Western. North Pacific. Pacific Mail Pennsylvania . . Pull Pa Car. . .. Ray Cons Cop.. Reading Rep Ir & Rteel. . Southern Pacif.. Southern Ry.... Studebaker Co.. Tennessee Cop.. 500 79'4 7a 78 '4 3224 100'4 38 4 10'i 44 124 - 00 '4 tiO 322'i 113"4 254 5 '4 1(51 14 P' 9SH 21 143'i 53 196 133 "4 S2. S5 11 SI 90 R0 77 403 27 73 5S.700 700 109 ',4 37 304 i SB'S. 4,700 306 b'ono 3 22H 105U 322" " 113 25 . 50 74 101 H 23 -S, S.I -4 52-4 98 14 .v 114 500 1.40O 200 1.70O 15.500 300 900 25 T4 57 1?1 14 2::i r.2',4 954 3.5O0 144 H 142i .1.3 V. Texas Company. 400 Union Pacific... l.fci'O las. 30.H4 134 ' 133. do pfd 200 U B 6tel 30.400 do pfd 3O0 T'tah Copper 1,900 Western L'nlon. . 700 P3 11 6-4 "1 74 90 'i 7TV4 844 110-4 01 74 90 14 0.1 7614 Westing Elect.. Montana Power. General Motors. Wabash B pfrt . . 4,ono 900 1.2O0 2SH . 2S 1.700 74Ti 73 jut-jMarine pro Kennecott Cod. 12.100 67 ne'i Total sales for the day, -485,000 shares. BONDS. TT S ref Ss reg.'OO I Northern Pac 3s. 6014 U S ref 2s coup. 991 Pac T & T Bs. ..100 U 8 3s reg 102;i!Penn con 4s.."105i.i IT s 3s coupon. 1021i'; South Pac ref 4s PO4 TJ s 4s re Ill do cv 5s 1 r4 IT S 4s coupon. ! 11 U Am smelts Bs.'lOHH Union Pac 4s 07. Atchison gen 4s Willi. S steel 5s. ..104 N y C gen 348. 114 H Anglo-French 5s. 93 Northern Pac 4s yjj Bid. Mining Stocks at Boston. BOSTON, March 23. Closing quotations: Aiiouez i.ortn nutte... Am Z, L & Sm. 90ViOld Pom Ariz Com S- Osceola . Calumet & Ariz 72i4;Quincy Cal & Hecla....54 shannon Centennial 17 JSuperlor Cop Rgo Con... 64 JSup 4k Bos Mln K' r,'4 9714 82 ',4 9 l'4 Kast Butte Cop. 32i ITamarack f24 Franklin U S Sm. R & M. si Granby Con S9? Isle Roy (Cop) . 27 Kerr Lake .... 34 Ike Cop lnv, Mohawk 90 do pfd 50 14 T'tah Con 15 Vi Winona ......... 4 Wolverine ...... - Butte & Sup . 73 Niplsslng Mines. 6 I Money, Exchange. Etc. NEW YORK, March 23. Mercantile paper, 3g3V4 per cent. Sterling Sixty-day bills, $4. 72 '4; demand, $4.70: cables. $4.77. Bar silver, 59 c. Mexican dollars IS-Hc. Government bonds, steady; railroad bonds, steady. Time loans, steady; 60 days, 2H?3 per cent 90 days. 23 per cent; alx months, 3' 3'.i per cent. ' Call money, steady. High, 2 per cent; low. 3 per cent; ruling rate, 2 per cent; last loan, 2 per cent; closing bid, 1 per cent; offered at 2 per cent. SAX FRANCISCO.-March 23. Sterling. 60 days. $4.72t4; demand, $4.7674; cables, $4.77. Mexican dollars, 43?4c; drafts, sight, lc; drafts, telegraph. Sc. LONDON, March 23. Bar silver, 28d. per ounce. Money. 444 per cent. v Discount rates Short bills and three months. 574 per cent. Silver Higher at London. LONDON, .March 23. Bar silver was strong and the price advanced to 2874 d per ounce today. The rise was due to meager stocks here and reported buying by India and, China. Stocks Barely Steady at London. LONDON, March 23. Gilt-edged securi ties and American shares on the stock mar ket were dull and barely steady on a light volume of business today. SHORTHORNSIN DEMAND BIDDING IS KEE FOR CHOICEST OFFERIXGS. Average Gain of 912.11 Over Last Year's Irlcea for Cows-Bulls Are Selllne Loirer. There was a Veen demand for ehoice stuff "Wednesday at tha sixth annual Spring combination aale of Shorthorn cattle at the North Portland Union Stockyards. Only the cream of tha offerings, however, at tracted eager bidding. .There was an average ain of $12.11 on the prices for cows ovr the figures re corder at tho eale of last Fprin?. although prices for bulls ahowed an average of $13.55 under last year's figures. Buyer from- a -distance were .fewer In number than last year. A late Spring and short feed were given as reasons for this slackness in the market. Colonel J. W. Hughes acted as auctioneer, although he waa relieved for a tlma by A. 3J. Dunn, of Wupato, Wash., president of the- Shorthorn Association. (Jolden Prince "4rJU80. a fine roan junior yearling bill, owned by Mr. Dunn, brough t a high prico from Huradon & Parker, of North Yamhill, who have only this year entered th-a Short horn business. Kellcity, 24112. a roan yearlfnir cow. also bred and owned by Mr. Dtfhn, was also bought by- this firm, which iff laying a good foundation for the future herd. Com pet 1 Lion between Harradon & Parker and O. G. Laberee, of Biy, was a feature of the sale, as they were both in the mar ket for the best offerings. Buyers at the aale wane: ; Brooknook Stock Ranch,' Alder, Mont.; the Maeleay Estate Company, Portland; the Black Butte Cattle Company, Prineviile; And re w Olsen. Ellensburg, Wash. ; L. T. Hteiwer, Fossil, r. ; Miiler & Iux, San Francisco; C. X. Nottingham. Portland: J. K. Bourne, Rainior, Or: ; Km est Morsbach. Bueoda. Wash.; Miller &. Adams, Vancou ver.' Wash. ; Coffin Bros.. North Yakima, Wash.; W. J. Townley, Union, Or.; G. W. De Lay, Hot Lake, Or.; Haradon & Parker, North Yamhill, Or.; J. J. Thurston, Suver, Or.; Cyril Gagon, Walla Walla, Wwh.; Herman Kallgrcn, Etnat Wash. ; John Eg ffer, Portland; W. W. Green. Union, Or.; O. G. LabereeEIy, Or.; Dr. J. Armstrong, Knab, Wash.; C. O. Portwood Fossil, Or.; J. M. Reynolds, Corvallls, On, and "W." B. Aype Carlton, Or. I YARD PRICES ARE STEADY OFFEIl IXCS AT KORTH ' PORTLAND ARK AGAIV LIGHT. Beat Valley Hogs on Hand Are Taken - at 0.10 Cotvs Selling Well. Receipts at the stockyards were light again, yesterday. On the whole, .the market was steady, although previous top prices were not realized. This was noticeable in the case of hogs, of which about four loads were sold, the best price being J9.10. Two loads of medium grade steers went at $7.20 and $7.35 and odd lots of butcher cattle, lome of which were choice, sold at the established quotations. Receipts were 50 cattle and S01 hogs. Shippers were: With cattle It. A. Cram, ' Gateway, two carg. With hogs C. J. Hurd, Junction City, one car; J. E. Tape, Mesa, one car; C. P. Hembree, Monmouth, one car; R. A, Web ster.. Vancouver, 10 head, driven in. The day's sales were as follows: ' Wt. Price.) Wt. Price. 1 cow S0 4X)0 1 cow 101O 6.50 1 steer 11JO 7.00 1 hog KiO 8.00 1 steer.... 1040 COO 2 hoas 410 8.10 S steers... 1175 T..10 4 hogs 22 8.60 1 stag inso S.r.Olltl hogs 12 R.10 1 cow 7SO 8.60H ohOR-s. ... 2 9.10 1 cow 0-0 3.HO OhOKS.... ISO P.IO 1 cow - 800 3.l 1 hog 170 9.10 4 cows .- 7-2 C.aO 2 hogs.... $1 7.00 1 cow 9.'.0 5.00 10 hogs 5S:t B.IO Scows.... Jouo C.6O;.10 hogs. . . . 300 7.25 1 cow 9-10 3.7"ii77 hogs 1 SS 0.10 2 cows.... XB5 5.00,15 hogs . 125 S.10 1 cow 1130 6.50 6 hogs..., 3S0 8.10 1 row ll.r.O B.no!3 hogs. . . . I.JO 8.10 1 heifer... ! 7.H5J61 hogs. . . . 350 D.10 1 cow IL'50 7.25 4 hogs.... 23 8.60 1 bull SSO 4.75 2 hogs.,.. 410 8.10 1 cow !lf 4.73 2 hogs '130 8.00 1 cow 7S0 3.00:70 hogs 197 9.10 1 cow 1080 6. H 1 hog 4!K 8.60 1 cow OHO 6.1 0!1S hogs. .. . 123 8.10 1 cow 10RO B.75I 1 cow 12.-.0 7.S5 21 steers... 1200 7.20 lcow..... JH'O 6.10 22 steers... 12tiO 7..ir 1 bull 830 4.25 The range of prices at the local yards for various classes of livestock follows: Cattle Steers, choice grain and pulp. . . .$S.OO ?5 8.50 Fteers, choice hay 7.W 8.1.", 6ters. good 7.2Vi 7.50 Steers, medium 7.00$ 7.25 Cows, choice 8.50 tffl 7.50 Cows, good 0.25 6.50 Cows, medium 6.50 6.25 Heifers 4.00f8 7.00 Bulls 2.50 5.75 Stags 3.00(3i S.23 Hogs Prime light 0.20J 0.35 Good to prime 8.25 0.00 Bough heavy 8.00ji 8.23 Pigs and skips 8.00 8.25 Sheep. Tearlings 7.T5SI 8.25 Wethers - B.75fi 8 00 Ewes 625QI 6.73 Umbi .. 8.75 10.00 CATTLE SELL AT HIGHER PRICE Record March Quotation at Chicago Stock yards. CHICAGO. March 23. Cattle brought the highest price today in the History of the stockyards for the month of March. Prima steera were sold at $10.05 a hundred. Scarcity of choice cattle among the farm ers waa given as the reason for the un usually high price which the steers brought Buyers predicted that within two months choice cattle will bring $11. Reports from the farming districts throughout the United States indicated that choice cattle were scarce at all markets. This was caused by the rcosnt foot-and-mouth disease in IllinoiB and Indiana. Only 40.000 head of steers were shipped into the Chicago yards this week, which was. 30,000 less than shipped to the yards by farmers tho corresponding- week of last year. .Buyers at the tit. Louis and Kansas City yards also reported a scarcity of prims steers. Because of the scarcity of choice cattle, the price of hogs dropped from $10 to $0.75. Omaha Livestock Market. OMAHA. March 23. Hogs-Recelpts, 13. COO; market higher; heavy, $0.25Q;&.45; light; $9.15iii9.35; piEs,?S'utt; bulk of sales, $l.208.35. Cattle Recefpts, 5500; rrr&rket steady; native steers. $7.500.50; cows and heifers, $.&0(ri8;- Western steers, $78.50; stockers and feeders, f 6.50 M. 50. Sheep Receipts. 10,600; market steady; yearlings. $.8.50 !fe 9.85; wethers. $7.50&8.O; lambs, $10.75 11.00. " Chicago livestock Market. CHICAGO, March 23. "Hogs Receipts, 2a,000; market slow, 5c above yesterday's average; bulk, $!.00(a9.73; light, $0.209.75; mixed, y.i.tom U.SO; heavy, 'J.35 9.SO; rough, $9.o59.50; pigs, $7.50$iS.6O. Oattle Receipts, 300O; market strong; native , beef steers, $7.70 10.05 ; Western steers. $7.708.73; stockers- and feeders, StJifS.25; cows and heifers, Il.lOgO; calves, $8 410.00. fcheerj Receipts, 13.0Of; - market firm; wethers, $S.50tfi'&.25; lambs, $9.7511.70. CATTLE LOSSES ARE $100,000 Blizzard's Toll Heavy on South Halt of Colville Reservation. WEXATCHEE, Wash., March 22. (Spe cial.) Cattle losses on the south half of the Colville reservation this Winter throufeh blizzards will reaoh $100 000, is the astound ing statement of an Okanogan stockman who is in wenatchee today. He places the number of cattle lost at 20O0, valued at $f0 a head. He said the cattle did not die from starvation, but from the cold and blizzards. Three blizzards during the early part of January were responsible for the loss. The cattle seeking: the -breaks ran Into barb wire fences and were forced to stop. They were drifted in. fcy the snow and were frozen to death standing. Cattle are still dying from the effects of the blizzards. ' Wool at Jfew York. KEW YORK, March 23. Wool steady. ECHO SENDS WOOL EAST First Carload of 1916 Clip Shipped to Boston, Mass. ECHO, Or., March. 23. (Special.) The first car of Echo's 1916 crop ot wool was shipped last night to Crlmmlns & Peirce, wool merchants or Boston, Mass. This wool has Just been clipped from 6000 yearling- mutton sheep, 2100 belonging to Frank Correa, 2300 to Joseph Cunha and. 600 to Joseph Ra mos, and was purchased by Thomas Ross, wool buyer, of this place, for Eastern shipment. The price was not made public. $8000 SEWER IS FINISHED Mount Angel TTses Home Iiabor En tireJy on 5000-Foot Project. MOUNT ANGEL, Or., March 23. (Special.) Mount Angel has Just com pleted a 5000-foot sewer system at an approximate cost of $8000. The work was done entirely bykhome labor under the supervision of C. W. Kelsey, contractor, of Portland. Con struction was delayed several months by bad weather. j WHEAT TONE HEAVY Torpedoing of Grain Ships Up - sets Chicago Market. DAY'S LOSS EXCEEDS CENT Prices Vnublo to Rally After Xews Is lleceivcd oi Renewed Activ ity :ljy Submarines Iist Quotations Are Lowest. CHICAGO. March 23. Renewed activity of submarines, -causing the loss of four Bhips, two of them from the United States, had considerable to do today with a set back in the price of wheat. The market closed heavy, 3,i)c to lUc net lower, with May at $1.03 and July at $1.H- Com finished l?iO to a4W24o down; oats oft ic to -rC, and provisions varyinR from unchanged figures to a decline of 15c. Sharpest breaks- in the price -of wheat followed the announcement of a second vesBel from the United States having been destroyed by a submarine. This time the market showed little or no power to re cover, and the final transactions were at virtually the lowest level of the day. Heavy liquidating sales by holders' car ried corn decidedly down grade. Oats displayed sympathy with the ac tion of corn, Provisions were weakened ty the depres sion in grain. All strong spots in the market were talcen advantage of to secure profits for owners of lnrd and rn. Leading" futures ranged as follows: . WHEAT. Open. Hlffh. T.ow. $1.07 4 1.00U Close. $1 OS 1.06 li ' .72 ' .73 'A Mav July . . .$1.0R TA ' $1."!'H . .. 1. Oil, l.on CORN. . .. .75 .744 .75 .75 OATS. . .. .43"i .44 i , .. .4'i .43'.. MESS PORK. 22 77 -1 o M.-iv July- .71 T4 .73 May July .43 li .42 ; , .4S4 .43 ;.. May J uiy 22.75 22.57 22.75 22.57 . ..2L'.00 2.77 LARD. ...11.35 11.45 . - .11.03 11.05 May July 11.30 11.52 11.35 11.00 SHORT RIBS. ...12.00 12fW 11. f5 . ..13.17 - 12.30 . 13.05 May 11.87 13.05 July Cash prices wena: Wheat Mo. 2 red, $1.12: No 3 red. $1.10V4v No. 3 hard, $1.08 1.1214 ; No. a aura, x.vttl.w. Corn No. 2 yellow, 74c; No. 4 yellow, 6SIil&70c: No. 4 white, 67S70c. Oats No. 3 white, 4243c; standard, 44c. Rye Nominal. Barley 62(75?. Timothys $4.60 h 8. Clover $10 18.50. Primary receipts Wheat. l,27,00O vs. 624.000 bushels: corn, 755,000 vs. 45,000 bushels; oats, 544,000 vs. 778,000 bushels. Shipments Wheat, 067,000 vs. 414.000 bushels; corn, 641,000 vs. 478,000 bushels; oats, 813,000 vs. 1.022.000 bushels. Clearances Wheat, 054,000 bushels; com, 113.O00 bushels; oats, 622,000 bushels; flour, 01,000 barrels. Foreign Grain Markets. ' LIVERPOOL,, March 23. Cash wheat and corn unchanged. BUENOS ATRES. March 23. Wheat, 1 lwer. Corn, Hi higher. Minneapolis Grain Market. MINNEAPOLIS, March 23. Wheat May, $1.10; July, $1.1014; cash. No. 1 hard, $1.13'4; No. 1 Northern, $1.07 1.1314 ; No. 2 Northern. $1.0714 1.10 '4. Barley, 6370c. Flax, $2.16Vi 2.19H. Grain at San Francisco., . SAN FRANCISCO, March 23. Spot quota tions: nana, i.70f 1. 254 ; red Russian. $1.67141.70; Turkey red, $1.R214 &1.S7 14 ; bluestem, $1.87 14 l.OO; feed barley, $13214 81.35; brewing, $1.40fi1.4214 : white oats. $1.401.434 ; bran, 2324: middlinirs, $30 (831; shorts. $20.5O2. Call board Bar- ley, iviay, uccemDer, $1.30 bid, $1.32 asked. Pujret Sound Grain Markets. .SEATTLE, March 23. Wheat Bluestem. PSc; Turkey red, 98c: fortyfold, SSc: club, 87c; fife, 87c; red Russian, 86c. Barley, $2S.30 per ton. yesterday's car receipts: Wheat. S; oats, 1; hay, 15; flour, .5. TACOMA, March 23. Wheat Blustm, $1: lortyfold. 95c; club, 94c; red fife. 08c. Car receipts: Wheat. TO; hay. 2 HOME FARM TRADE URGED O. A. C. Worker Says Consumers Week Time to Use Own. Products. OREGON AGRICULTURAL COL LEGE, Corvallls, March 23. (Special.) " 'Trade with the home farmer should be given equal prominence with the slogan "Trade with the home mer chant " says G. L. TTurd, of the "Agri cultural College bureau of organization and markets. "Governor "Wlthycombe has pro claimed the first week In April as 'con sumers' week," and this will be an op portune time for merchants throughout the state to afirm their loyalty to home producers of agricultural products of all kinds and to make earnest efforts toward extending the consumption of the products of Oregon fields and gar dens. In place of stuff grown In Cali fornia and Canada." - DAILY METEOROLOGICAL KEPOBT, PORTLAND, March 23. Maximum tem perature, 47 degrees; minimum, 35 derrees. River reading at 8 A. !., 14.7 feet; change In last 84 hours. 15 test rise. Total rainfall (5 P. M. to 5 P. M.), O.0S inch: total rain fall ,slnce September 1, 1915, 42.95 Inches; normal rainfall since September 1, 35.44 Inches: excess of rainfall since September 1, 1915, 7.51 inches. Total sunshine March ZJ. 1 hour, 25 minutes; possible sunshine, 12 hours, 18 minutes. Barometer (reduced to sea level) at 5 P. M., 29.09 inches. Relative humidity at noon, 70 per cent. THE WEATHER. Stats of Weather STATIONS. Raker ......... Boise Boston .. ...... Calgary ........ Chicago Colfax Denver ........ I es Moines..... Duluth Eureka Oalveston Helena ........ Jacksonville . . . Kansas City.... Los Angeles ... Marshfleld .... Medford Minneapolis ... Montreal New Orleans. . . New York North Head.... North Yakima. . Omaha ........ Pendleton Phoenix ....... Pocatello Portland Roseburr ..... Sacramento .... Ft. Louis Salt Lake San Francisco.. Seattle Spokane Tacoma Tatoosh Island. Walla Walla. . ; Washington Winnipeg 84,0 46 O 3010 46 0 Sti'i) 4010 00'12;NW;Clear 00128 NW Cloudy 08 14 W Clear 00 . . ;-a 00 10 B Oi,. . iw Cloudy ft. ciouay Cloudy , Snow - 56,0 48 0. 28iO. 4'0. 74;0. 38 O. 8 0, 540 5S 0. 48!0. 40'O. 40 0, 22'0. eoo, 88&, .66!l2i, 0O;12 SB 00 14INE Cloudy Clear iClear 00 20 SE fcloudy 0o;i2:N Cloudy 00 1 O NE (Clear ,oiiose eioudr 10j20SW Clear 38 . . NWt. cloudy 10 12!N Rain ooiis:sb Cloudy O0l24iNwtciear 00 . . s Pt. cloudy 02 22 NWjClear .081.. -W Clear 44:0 R4i0 .0Oil2 !NW:Oear 00 0 00,12 SB ;Raln Kft-n 00 . . W kPt. cloudy 620. .2S'1!W Clear 32 1, 47!0 48V. 66j0 no'o, BOlO 54!0 480 460 6010 4VO 18'12:iW .08 . .IJC 02(. .1SW iSnow Cloudy ft. cloudy .00:14 NW! Clear Cloudy .00,18 SE 4S 12NWICloudy 0 W Pt. cloudy 00 . . 0010 w pt. cloudy w 'ft- Cloudy Clear .01 12 W BOO no; i.c: vv Pt. cloudy Clear 4S'0. .00 . .)nw S2;0 00jJZ!NE Cloudy WEATKEK CONDITIONS. A marked 'disturbance of considerable magnitude is central over Colorado and overlies practically the entire country west of the Mississippi River. There is a small high-pressure area over the lakes region and Middle Atlantic States and the pressure is increasing along the Pacific Coast. Winds of gale force have occurred In Southern Ne vada, and Kansas. Precipitation has occurred in mostecuoni of the country except the Advance Offering New Loan $75,000,000 Dominion of Canada 5 Bonds T.. 4 -i 101c Coupon or Kegistered Bonds in dc lWea Apill 1, 191b. nominationSi of $1000 and upwards. Maturities and prices as follows : . $25,000,000. ; April 1, 1921, 99.56 & Interest, Yielding 5.10 $23,000,000. April 1, 1926, 97.13 & Interest, Yielding 5?i $23,000,000. April 1, 1951 94.91 & Interest, Yielding 52 ro Principal and semi-annual interest paj-able in U. S. GOLD COIN in New York City. FREE" FROM DOMINION OF CANADA TAXES. This loan will constitute a general direct obligation of the Dominion of Canada and a charge against the consolidated revenue fund of the Government. The credit and boundless natural resources of the Dominion of Canada are so well established that it is unnecessary to comment on the exceptionally high character of this loan. We regai-d the same as one of the most attractive investments which has come on the market. We are members of the banking syndicate under writing this loan, of which the managers are the following well-known New York banking houses: Messrs. J. P. Morgan & Co., Brown Brothers & Co., and Harris, Forbes & Company. Definite reservations and allotments are being made subject to prior sale, change in price or with drawal from the market. FURTHER INFORMATION FURNISHED UPON REQUEST. MORRIS BROTHERS, Inc. Railway Exchange Building Portland Even though you do not deal in large sums of money, a bank account establishes- your credit, provides a safe place for your cash and systematizes your business dealings. Open an account with us; we will welcome it whether it is large or small. Ufe FIRST NATIONAL BANK of Portland, Oregon Capital and Surplus - - - $3,500,000 Southeast and Western Canada. Frost formed this morning west of the Catfcade Mountains and freezing temperatures occurred in most localities to the eastward. The weather Is colder In the Southwest, fc'outbeastern Idaho, the Rocky Mountain States, Alberta, Sas. katchewan, Northeastern Florida- and the Northeast; it is warmer in most other sec tions. The conditions are favorable for partly cloudy and occasionally threatening weather in this district Friday. Frost will form, in early morning- in Western Oregon and West ern Washington and freezing temperatures will be general over the eastern portion of this district. Winds will be jnotly west erly. FORECASTS: Portland end vicinity Partly cloudy and occasionally threatening weather, westerly winds. Oregon, Washington and Idaho Partly yclotid and occasionally threatening weather; heavy -frost in early morning; westerly winds. T. FRANCIS DRAKE, Assistant Forecaster. rtoseburg Lime Quarries licased. ROSEBURG, Or.. March 22. (Spe cial.) It was announced here today that the Oregon Agricultural Lime stone Company had leased the lime stone Quarries of D. W. Reidle, a few miles south of Roscburg, and soon "would begin development of the prop erty. The purpose Is to produce a lime fertilizer at moderate cost. Save Refuse Taper, Is "Warning. PENDLETON. Or, March 23. (Spe cial.) In a letter from the Department of Commerce, Secretary Cranston, of the Pendleton Commercial Association, has been asked to advise the people of Pendleton of the shortage in paper stock and to urg-e that they save arid KAVELEIW (iCTIDB. San Francisco Los Angeles (Without Change En Route) The Big. Clean, Comfortable, Kleirantly Appointed, Seagoing S. S. BEAVER , Sails From Ainstvrorth Dock S F. M.. March 25. 100 Golden Miles on Colombia River. All Kates Include Berths and Meals. Table and Service Unexcelled. The San Franclreo Portland S. S. Co., Third and Washing-ton Streets (with O.-W. II. A IV. Co.) Tel. Broad way 4300, A 6121. FRENCH LINE i'ompaffnle Ornerale Transatlantique POSTAL hERVlCK. Sailings From NEW YORK to BORDEAUX ROCHAMBEAU April 1,3 P.M. ESPAGNE April 8,3 P.M. CHICAGO April 15, 3 P. M. LAFAYETTE April 22, 3 P. M. IXR INFORMATION APPLY C. W. STIXGEK. 80 Sixth St. A. 1. CHARLTON, 255 Morridon St. E. K. GARRISON. C. M. !St. l'aui Ry. 1HJHSEY H. SMITH, 118 Third St. K. K. BAIRD, 100 Third St. H. DICKSON. 343 Waoliinicton St. NORTH BANK ROAD, Fifth and Stark Sts. F. S. M'FARLANI), 3d and Washington Sts. E. B. Ullii'. 121 Third bt 1'ortlanU. turn over to some supply depot their refuse paper and rags. It is said the supply of raw material is running sur prisingly low, with the result of a prreat rise weekly in price. TRAVELERS' GUIDE. H533 RVH ZH3J KUSM B3H Bn All H Way by WATER S COOS BAY, EUREKA l SAN FRANCISCO 1 SANTA BARBARA, LOS AN. tj GELES AND J3AN DIEGO a S. S. Breakwater h Sails Friday, March 24, 6 T. M. Ticket Office 122 A Third St. Phones: Main 1314, A 1314. La Fastest Itoute to San Francisco Is Via S. S. Northern. Pacific Sails for San Francisco Every Saturday From San Francisco for Portland every Wednesday. Fast steamer iixpress leaves Isorth Bank Station 9 A. M. FARFQ First-class, outside room. $20; Infl CO inside room. 117.50; tourist, outside room, $15; inside room, $12.50. 2d class fS. TICKET OFFICE, FIFTH A1VD STAItK Station. 10th and Hoyt. Phones Broadway 920, A 6671. American-Hawaiian Steamship Co. FREfGHT 'f- -VICK FORTLANJD TO HONOLULU S. 8. GEORGIAN SAILS ABOUT APRIL 1 C. V. Kennedy. Ast. 250 Stark St. Fortland, OCEANIC S.S. CO'Siplendid faCKX) tontwin- icrew Amencu seamen Bltww . ovnvnn. , Ttn TIIRA " Cmtni LJovek I00A1). Sailinn e-rv 21 dav. SYDNEY fit return vi SAMOA HONOLULU $337.50 lt CI., including CHINA-JAPAN JS7S.00. To HONOLULU $60. Pkaure folder. Apr.llMay2,May23 AUSTRALIA KEW ZEALAND AM) SsOCTH SEAS. Via Tahiti and Karotonga, connecting t Wellington for Auckland, Sydney and Australian porta. Kfgular sailings from, baa FrancUco March 29. April 26, May 4. and every 28 days. Send for pamphlet. Union bteaniuliip Co.. of New Seal and, Ltd. Office t7U Market at reel. Baa fraciM or local b. ti. and ii. U. Ageol