Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 28, 1917)
THE MORNING OREGON! AN, WEDNESDAY. FEBRUARY 28, 1917. . . j i V 2 UYERS HOLD OFF demand for Potatoes Is Tem porarily Checked. IUIET PERIOD EXPECTED Market nicely to React Soon, How ever, as Stocks Remaining on Pacific Coast Are Be low Requirements. Vhera la an aaalar feellnc in the potato market this week with an absence of the excitement that has heretofore marked the trade. Several of the principal buyers have ' withdrawn from the market and others who i hava been bidding up to $3.60 limited their offers to $3.25. At the same time thare was I more disposition on the part of farmers to Viaload their holdings. Wires from certain points la the East and Middle West noted a weaker tendency with lales of Orefons at prices that netted no croflt to the shippers, nd In some Instances rejections were reported. In California the V markets also dragged and lower quotations fwere wired, except on the best stock. The setback given to prices In the big Consuming markets Is ascribed to the agi nation against the high cost of commodities. Can agitation that is not likely to cease while prices remain high. Potato authorities In Portland, however, believe that the easier tone of the market hVi only a temporary matter and that In a short time the market will react and be 'rongor than ever, as the available supply, jptliey point out. Is Insufficient. Stocks In Oregon and 'Washington are es timated at only 600 cars, of which fully 400 1 cars are owned by dealers and shippers. The farmers, with but about 200 cars left, ft have sold shorter than ever before at this 0 season. Idaho has 800 cars remaining and i. California about 400 cars, which makes a total of 1800 cars left on the Coast, which Is f no more than Is required tor home con r' sumption between now and the new crop. over half of this stock, however, has al ready been sold for shipment East. If It Is moved, therefore, there Is going to be a pinch In the Coast markets. V There is no question but that the potato Aacreage In Oregon will be greatly Increased ?ln the coming season. Not only are farm- jp ers going to plant every acre at their dis- cant land and are preparing to put In po tatoes. It Is reasonable to believe the same thing will occur In other states, so. If wea- . ..... M ... m mor cuiiuiiioui are iu.voru.uio in enormous H17 crop can be expected, jfr J In summarizing the crop situation, the " fr crop expert of the American Steel & Wire 4' Company, writes from Chicago: jiT ".Below a certain figure the ratio of popu- latlon to food supply may not safely fall. F This point has teen reached with meat. a airy produce, cereals ana potatoes. For ound economic growth there must bs the symmetrical development -of the production of standard farm crop and livestock. The potato crop which easily may be made 25 f per cent of the necessary food of a people f is not being properly developed. The pro m duction of this crop should be increased to jf & thousand million bushels. In 1912 the . production of potatoes was 420,647,000 bush . fs: in I9ia. S3i.r.'vnno bunhAi- in mu f 405,91:1,000 bushels. The production la 1016 fell off over 45.000,000 bushels! Livestock has been sold off the farm to below the danger point; the same is likely to be true of potatoes. If the farmer does not exercise jirE restraint the potato seed stock lor tne yinext crop of potatoes will be sold too close, It this Is not already the case. The further reduction In the production of this staple JF crop can only be looked upon with, dismay." OATS BIDS TO BE OPENED FRIDAY r Wheat Price. Nominal In Absence of Eait- . ern and Coast Demand. The embargo on Eastern shipment, of ?rheat Is lighter than ever and so far as om line, are concerned Is complete. With no Coast demand, the local market is. there, fore, stagnant. At the Merchants Kxchanee wheat bid. were practically the skme a. on Monday. Oats were quiet and unchanged with the trade waiting for the opening of Govern ment bids on Friday. Barley offers were CO cents to Jl lower In response to the decline at an Fran cisco. The Liverpool grain cable said: iA "Wheat, firm, with scarcity and light Imports. Corn, very firm, with good con sumption and light export offers. Arrivals. llght. Oats, strong, with London buying, growing scarcity and spot 2 shilling. 8 pence 'higher. Flour, firm. Shipping situation "causing much apprehension and holders are very nervous. Purchases limited awaiting Vurther development.. Crop summary un fvorable." JTerminal receipts. In cars, were reported ( the Merchants' Exchange a. follows: I Wheat Barley Flour Oat. Hay rortland, Tuea. 1 Year ago hnason to date. 4009 g Vear ago 0191 .Tacoma, Mod. . .1 .Tear ago 17 j Season to date.Konrt Vear ago olMX Flattie, Mon... LT 'P Vear ago 18 Reason to date. 41 17 Vear aso r.titu X. ' .... 8 11 9 2 1 20 171 nOS 1871 1702 1349 1282 634 180S . 3 1 3 110 .... 2l 152S 4S8 .... 2Gf 17!)0 4 8 24 16 18 2SS 1203 P02 30411 1150 1021 7S7 0155 APPLE STOCKS LESS THAX YEAR AGO it Market Would Be In Good Shape but for t British Embargo, p According to authoritative estimate, there I are between B0 and 65 per cent as many barreled apples In the United States a. at this time last year and a fifth more boxes. Taking the two together the holdings are probably 66 to 70 per cent of last year's stocks. It is regarded aa certain that the f damage wrought by frost and freeze to Flor jida and California oranges would have ma Iterially strengthened the apple situation but Ifor the stoppage of exports to Great Britain. I The fruit branch of the Canadian depart- Vment of agriculture has Issued a statement f of apple, in storage in various parts of Canada on February 15. as follows: Nova f Fcotla, 65,000 barrels; Quebec, 3500 barrels: W Montreal, 7500 barrels. 5500 boxes; Ottawa, "875 barrels. 475 boxes. Lake Ontario dis Jtrlct. 8750 barrels; Toronto, 1500 barrels, - 8000 boxes; Brantford. 200 boxes (imported); fct. Thomas. 400 barrels; Georgian Bay dis- ftrlct. 8150 barrels: Hamilton. 1700 barrels; London. 600 baxes; Kootenay district, 9000 I boxes; UKanogan valley ana salmon Arm. FR00O boxes; Vancouver, 0,000 boxes; Vic I torla and district, 13.000 boxes. HIGHER PRICES OX CHEESE DUE MStock. Are Closely Sold T7p and Demand I. Strong. The cheese market Is very firm and an advance of about 3 cent. In the next day f or two Is expected. Stocks here and w ' mamooK are very ugnt ana order, that tare coming from tfie East cannot be filled. The season Is backward and It may be Iflve or six week, before the factories can accumulate a supply sufficient to accept 'astern, orders. Wires from Eastern cheese Renter, reported sharp advances in prices. No change waa reported In the local I butter market. Stocks were light, but there j was a cent decline at Ean Francisco. S The egg market was weak and . value. were uncertain. Sales were made on the street at 30 cent, case count, but late i ths day stocks were freely offered at 29 cents. The San Francisco market had harp break of 4 cents to 23 cent, for Fetalumaa, and if this low price hold, it will weaken tha Portland market by attrmet lnr ordara that hava been comlna Hero. No changei wera reported la the poultry or dressed meat line. Wool Pelt. Are Firm. Hide price, are holding at the former level, but higher pelt Quotation, ar. glveo out by dealer. Dry long wool peine ar. now quoted at 26 cent, a pound and green salted long wool pelt, at Sl.&O to 83 each. All Vegetable. Are Firm. A car of mixed vegetable, arrived, from the South yesterday and another car 1. due today. The steamer brought only a small supply of truck. Price, on all line, were firm and unchanged. Bank Clearing.. Bank clearing, of the Northwestern cities yesterday were a. follows: Clearing.. Balance.. Portland . . . . .f 1.D42.S6 J 17u.2tl0 Seattle 3, 2211.303 411.720 Tacoma St'..214 84.427 Spokane 840. 22Q 2J.5U4 PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Ete. Verchants Exchange, noon session. February delivery. Bid Wheat Bid. Tr ago. Bluestem ..... .8 1.60 8 .U3 roriyzoia Club Ked f lfe , Red Russian Oats No. 1 white feed Barley No. 1 feed. ...., Futures March bluestem April bluestem March fortyfold ........... April fortyfold March club ... April club March Hunsian April Russian ... March oats April oats March barley April barley 1.64 . . ,8'J Lo .87 .87 1.61 .67 86.00 26.00 88.00 28.60 Bid. 8 1.61 1.(12 1.57 1.57 1.55 1.55 1.52 l.f,3 8 'S. 'jr. 3H.50 SH.UO 38.00 FLOUR Patent.. $8.20; .tralghts. 17.409 7.C0; Valley. $7.70; whole wheat. $t.40; gra ham, $8.20. MILLFEED Spot prices: Bran, $26 50 per ton; shorts, $30.50 per ton; rolled bar ley. $42&43. CORN Whole, ?4T per ton! cracked, $48 per ton. HAY Producers' 'prices: Timothy, East ern Oregon, 819020 per ton; alfalfa. 814 9 10; Valley grain hay. 812 60014. Dairy and Country Produce. BUTTE I Cube., extras, 89 cent.; prime, firsts. 38c; firsts, 837c Jobbing prices: Prints, extras, 42c; cartons, lo extra; but terfat. No. 1, 43c; No. 2, 41o. Portland. CHEESE Jobbers' buying prices, f. o. b. dock, Portland; Tillamook triplet., 20c; Young Americas not quoted. EGGS Oregon ranch, current- receipts, 29&.30c per dozen; Oregon ranch, candled. &lE32c per dozen;; Oregon ranch, selects, 34c per dozen. , POULTRY Hens, 17Vi19o per pound; Springs. 1754 019c; turkeys, live. 2022c; drecsetl. 20 5u2oic; ducks, 20022c; geese, 12 13c VEAL Fancy, 13154o per pound. PORK Fancy, 15Hlo. Fruit, and Vegetable.. Local Jobbing quotations: TROPICAL FRUITS Oranges, navels, 81.90&3; lemons, $2.754.25 per box; ba nanas, 5o per pound; grapefruit. 8306.75; tangerines, SI. 75 per box. VEGETABLES Artichoke., $1.1091.25 per dozen; tomatoes, $6.50 per crate; cabbage, $5 45.50 hundred; esBPlaiu. 25c pound; lettuce, $2.7o 3.75: cucumbers. $1.25'i1.75 per doz. ; celery, $0.60 per crate; cauliflower, $2.60 0 3 per crate; peppers. 35c per pound; sack vegetables, $1.2502 per sack; sprouts. IS'iC per pound; rhubarb,' 10'tfl23C per pound; peas, 15$ 17VjC per pound. POTATOES Oregon buying prices, $3.25 $3.50 per hundred; sweet potatoes, 4i4o per pound. ONIONS Oregon buying prices: 810 ner sack, country points. UK1SB.N -RUIT5i ADnlea. 4Bc(SS2.2S box: cranberries. $10 011 per barrel. Staple Groceries. Local Jobbing quotations; SUGAR Fruit and berry. $8.10: Honolulu plantation. $8.05: Grants Pass beet. J7.90: California beet, $7.90; extra C. 87.70; pow- aerea, la oarre.s. JS.tiO; cubes, in barrels. $8.85. SALMON Columbia River. 1-nound tails. $2.40 per dozen; one-half flats. $1.50: 1- pouna nats. 2.oU: Alaska Dinks. 1-Duund tails, $1.25. HONEY Choice. $3 03.23 per case. NUTS Walnuts, sack lota. 18c: Brazil nuts. 19o: filberts. 19c: almonds. 18019c; peanuts, 7e; cocoanuta. $1.10 per dozen; pe cans. 18W19C; chestnuts. 10c BaAKb Oreeon. small whltiL fisin- fwll- fornia, smali white, Uc; large white, lHjc; Lima, llv-c: bayous, ttc: pink. 9Hc: red Mexicans. 9c; Mwnchurlan, -Jtri,L Koasted, In drums. 17035c SALT Granulated, $10.75 per ton: half ground 100s. $11.30 per ton; Bus, $12.10 per ion; nairy, im.u per ton. RICh, Southern head. 7?7 Tier nmtnil! broken. 4c; Japan style, 4045ic. utiltuv I'KtlTS Apples. 10lle: anrl- cots. 10019c; peaches, 8H10c; prunes. Italian, e0c: raisins. 8tol5M,e: date.. Persian, 15c per pound; fard $2.50 per box; currants, 15 016c; figs. 2 03.50 per box. Hop., Wool, Hides, Ete. zrrtrjc: -toi.i ........ . u ' . J " 1 1 " t uoc per iuuna, i ji contracts, lU'Jrllc per pound. HIDES Salted hide. (25 pound, and up), 18c; salted stags (50 pounds and up), 14c; green and salted kip (15 pounds to 25 puuiiun, joc; green ana saitea cair skins (up tO 15 Unundal. 2hc: vr,nn hiHaa tf'. pounds and up), 16c; green stags 5U pounds ana up), 12c; dry hides, 3Uc; salt hides, 25c: dry horse hides, $1.5002.50; salt horse hides. $35. .alted long-wooled pelts. $L603. i tjivj .o. x, wc per pouna. Wnill - . .. l" coarse. 83036c; Valley, 33041c Munaiu .nominal, 50c per pound. CASCARA BARIC Old mH au at. " " , W79vw per pound. Provision.. HAMS All !ze. choice. 264o: .tandard. 24Vic; skinned. 21,422'Ac; picnics, 17c; cot tage roil.. 2UC LARD Tierce basis, kettle-rendered. 20c: standard pure, 19Vsc; compound, 16c balua ancy. B1033C; standard, 279 28c: choice. 22 0 26c. DRY SALT Short, clear- back., 19H m 21 fee; export. 20H22c; plate. lO017fec OU. KEROSENE Water white, drums, barrel, or tank wagons, 10c; cases, 18 022c GASOLINE Bulk, 21Hc: cases, 80c; nap tha, drums, luv&c; esses, 30c; engine distil late, drums. 10c; cases, 19c. LINSEED OIL Raw. barrels. $1.08; cases, $1.15; boiled, barrels, $1.10: cases, $1.17. TURPENTINE In tanks, tile; In cases. 74c; 10-case lots, lc lees. ADVANCES IN COFFEE FUTURES New York Market Steadier en Report, of Higher Price, at Santos. NEW YORK, Feb. 27. The market for coffee futures showed a further falling off in the volume of busttieas. but price, ruled steadier on covering after the sharp decline of laat week. Reports of a higher market for futures at Santos, an well as the stronger technical position here, were prob ably a factor on the advance which carried My contract, up to 7.90c or about 14 points above the low level of Monday. The general list opened unchanged to 3 points higher and showed a net gain of 7 to 11 point dur ing the afternoon. Last prices were a shade off from the best under realizing with the close showing a net advance of 3 to 8 points. Sales, 29.250 bags. February, 7.73c; March, 7.7."c; April. 7.79c; May, 7.85c; June, 7.92c; July. 8c; August, 8.04c; September, 8.09c; October, 8.14c; November, 8.18c; De cember, 8.23c; January, 8.27c. Spot coffee, quiet; Rio 7s, 9&c; Santos 4s. 10Sc. The cost and freight market was Irregular owing to shipping conditions, but it was reported that some ocean freight was aKiiauio it i, i i jirat 1 1 a u n rate as jow as $L a bag. Offers of Santos 3s and 4s were saAd to be here at 9.70c and of 4. at 9.00c to 9.65c, London credits. The official cables reported a decline of 75 rets at -Rio and the Santos spot market was quoted nominal. The early cable re ported a partial decline of 25 rels In Santos futures, but later there was an advance of 10U rels. Metal Market. NEW TORIC Feb. 27. Copper, firm. Electrolytic, spot and nearby, nominal; sec ond quarter, 33 0 35c; third quarter, 810 o.ouc Iron, steady and unchanged. The Metal Exchange quote, tin. firm; spot. 50.50 051c. At London Spot copper, 139: future. 136 10s; electrolytic, 151; .pot tin, 201; futures, 201. The Metal Exchange quote, lead,, firm. 1U.7DC. Spelter, dull. Spot East St. Loul. dellv ery. 10c At London 30 10.; spelter, 47. i Dried Fruit at New York. ' J NEW YORK. Feb. 27. Evaporated apple.. dull. Prunes, firm. Apple, in better de taand. Peaches, firm. IS NARROW Tension in Foreign Situation Restricts Trade. PRICES TEND DOWNWARD Lowest Prices Prevail When It Be comes Known Government Con elders Sinking of Xtaconia as an Overt Act. NEW YORK, Feb. 21. Apprehension, arising from the further strain of relation, between Washington and Berlin, wa. again the over.hadowlng feature of the stock mar ket today. Lowest price, prevailed in the later dealing., when it became known that the Government at Washington con.ldered the .inking of the Laconla a. trie "overt act." Trading was narrow and moderate at all periods of the session. United State. Steel wa. ab.orbed In round amount, 'during the forenoon and wa. .old with equal freedom later, fluctuating be tween 10914 and 108. closing at 108. a net loss of of a point. Coppers were steady at the outset en an active demand for the metaL but yielded 1 to 2 points with Central Leather, oils, motor, and their accessories and varlou. unclassified stock, on comparatively .mall offerings. Shippings lost 2 to 8 point, after early gains and Industrial Alcohol made an ex treme reversal of &. Rail, were more active but almost wholly at the expense of quoted values. New Haven losing 24 points, with 1 point to almost 2 points for coalers, the leading Pacific ana Chicago Jk Northwestern. The total sales amounted to 460.000 shares. Total sales of bonds, par value, aggre gated $3,325,000. United State, bond, were unchanged on call. CLOSINO STOCK QUOTATIONS. Closing Sales. High. Low. Hid. Am Beet Sugar. 17,000 89 hi 881 SSH American Can.. 14.000 43H 4H4 42 Am Car A Fou.. 9.000 64 S 83 ' 6:i H Am. locomotive 20.4(00 714 70 i 70 la Am Smelt & Ref. 67,000 100 nai 08 Am yug lint.... 4.000 112? 312", 112 Vj Am Tel & Tel.. 8.000 125 124', 124- Am Zinc Ld & S 8.000 88 86i :164 Anaconda Cop. .215.OO0 81H -' T0H 79", Atchison 10.0O0 103 102U, lnj'i Baldwin Loco... 40.000 .54V4 62H 52', Halt Ohio 5.000 7a1 76 76 Brooklyn Rap T 17.000 61S ess, sii Butte & Sup COD 12.000 41) 4T 47 California Pet 2nH Can Pacific 30.000 164M 153 153'4 Central Leather. 163. 000 fiSft ho 86 Chesa & Ohio.. 4.0(10 50 51", r, Chic. Mil i BtP 2O.00O 82 fid's 8"S Chic & N'west.. 3,000 119T4 HSii 11S C. R I & Pac Ry 27 Mi Chlno Copper .. 82.000 66H 65H 03 Col Fuel dc Iron 3.000 47 47 46 Corn Prod Ref.. 15.000 22 21i 2 1 i Crucible Steel .. .224, 0((0 67 64 "',. Dls securities.. 3.0X0 2:i, . 22 23 Erie 20.1(00 20 26 li 26 Goneral Electrlo 2.ooo 10-'! V 162 '4 162 Gt North Pfd... 2.000 114 113 113 Inter Con Corp.. 5.O0O 1:1 13 Inspiration Cop . 127000 5S 57 57 nter liars. N J. 2.O0O 115ii 11 5 '4 115 Int M M pd ctfs. 262. 0(10 72 70 70 Ivan City Sou.. 6.000 21 21 21 Kennecott Cop. 8U.0U0 45 44 44 Louis & Nash 126i, Mex Petroleum. 16.000 8S 87 87 Miami copper.. 32.000 8y S 8M Mis Kan & T pf. 1 4 1-. Missouri Pacific ..... ..... 2t .Montana Power. ...... ..... ..... i! National Lead 6Ht4 Nevada Copper. 36.000 25 24 24 -ew lorK can. i.tllMf nr 4 v4 N Y. X H & U 72,(M(l 44 42 43 Norfolk & West O.OdO 131 13t 1:10 Northern Pac. 5,000 104 103 ln:: Pacific Mail U2 Pac Tel & Tel. . -ah Pennsylvania .. 8,000 54 54 64 Ray Con Cop... 33. OOO 27 20 26 Reading 71. OOO 1)5 &:l 0:1 14 Kep Iron & Steel. 6S.00O 7S u. 7 7c. Shat Ariz Cop.. 4. OOO 27 27 27' South Pacific... ll.OoO 4S 1)41. ftlAt South Railway.. 18. OOO 2Sii "7. vti: Siuiiebaker Co.. . H.'i.OoO 102 100 100 - im ..uiiiMUuy io.Vimi 1:24 224 Union Pacific. 18.000 133 137 1::7 t 11 iuii r it 1: iiu . ..... .. ., U S In Alcohol. 108.000 127 124 12J U S Steel. ... 1.145. 000 1!hhi- ihn h.w.'l U S Steel pfd.. 8,000 117 117 317 I"tah Cop 18H.0OO 112 110 1111 wabaFll irfti. B. 6.000 25-. vm: Western Union. 5.0O0 D;! 3 1:: Westing E;ect.. 3s. OOO 50 4:1 4 iotai sale, for the day, 46,000 shares. BONDS. TT. f. rer. 2s, reg. 1)0 INorth. Paclf. 66 U. S. ref. 2s. cou. ill) Pac. T. & Tel ...... loo IT. S. 3. re 100 Pa. con. 4 & 4 1)5 I.'. S. cou. . . .10o So. Pac. ref. 4n.. 1(2 . . ... ii'k -111 (.iinott h-ariric 4s. D7 u. t. 4a. cou.. . "ion ;. p. a Atchison gen. 4. 1)4 17. t. steel 5. ... lo.'.v N. Y. C. deli. 6s. 10,So Paclf. cv. .. !(()( North. Paclf. 4s. U4 lAnelo-Kreuch 5. U2 Bid. Dos ton Mining Stock. BOSTON. Feb. 28. Closing quotation.: Alloue. ....... 6!Osceola 89 H2 14 Ariz Com 12lyuincy ......... 83 Shannon ........ 07 (.Superior ........ 22 j Tamarack ...... 02 Utali Con 14 jVlnona 7 i Wolverine 84 Mohawk 41;.MplBslng Mine. 32 I North Uutte . 4 Old Dominion ., 13 I Cal & Arix .... Cal ic Hecla ...5 Centennial . . . . . 66 Coo K Con Co.. J J 62t, tU 83 8 E Butt con M.. Franklin Granby Con .... Greene Cananea. Isle Roy Cod... 21 Kerr Lake ..... OJ Lake Cupper ... Money, Exchange, Etc. NEW YORK. Fob. 27. Mercantile mtr. 44 per cent. Sterling, 60-day bills. 4.72: commercial 60-day bills on banks. $4.82; commercial 60 day bills. $4.71: demand, $4.75; cables. $4.76 7-16. Franc, demand, $5.85; cables, $5.84. Marks, demand, 57; cables! 67 13-16. Kronen, demand, 11; cable., 11.03. Oullders. demand. 40; cables. 40 7-16. Lires. demand. 7.54; cables, 7.53. Rubles, de mand, 28; rabies, 28. liar silver, 77c. Mexican dollars, 69. Government bonds, steady. Railroad bonds. Irregular. Time loans, steady. Sixty days. 34 per cent: no days, 3 4 per cent; six months, 4('4 per cent. Call money, steady; high, 2 per cent; low, 2 per cent; ruling rate, 2 per cent; last loan, 2 per cent; closing bid, 2 per cent; offered at 2 per cent. BAM FRANCISCO. Feb. 27. Sterling, $4.70; demand, $4.75; cables, $4.76. Mexican dollars, 58.75c LONDON. Feb. 37. Bar .liver, 87 d per ounce. Money, 4 per cent. Discount rates Short bill., B ffB per cent; three month., 6 06 per cent. Steele. Cndecided at London. LONDON. Feb. 27. American securities were undecided on the stock exchange today. USE OF SUGAR GROWifiG CONSUMPTION INCREASES FASTER THAN rOPCJLATION. Gala of About Forty-three Per Cent In Amount Used In United States la Past Decade. The people of the United State, are ap parently using more sugar than ever be fore, for the increase in consumption has been greater than the increase in popula tion. According- to figures in bulletin 473. recently prepared by the Bureau of Crop fclstimates of the Department of Agriculture, the total consumption of super In this coun try for the decade ending' with the fiscal year 1912-13 waa per cent greater than for the preceding decade, while the population for the same period show, an lncreaae of Ul per cent. The country 1. net only using more sugar, but it is producing a larger portion of its total supply. During the decade ending with 1912-13. as compared with the decade ending 1902-03. the percentage of the total supply produced at home increased Sd.6 per cent and the .upply from noncontiguou. possessions, 64.4 per cent, while, on the other hand the percentage Imported from formsn cou itxles decreased 20.& per cent. The total world production of both be.t MARKET and cane sugar via. nearly donwfl anrlng tne last 20 yeara. and Increased from 11.- 0O0.0O0 tons during the sugar year 1803-94 to 20.uoo.ooo tons In 1912-13. The annual world output of sugar during the decad. coding with 1912-13 averaged 16.419.000 tons. compared with ll.4us.oo0 for the preced ing decade, an increase of 87 per cent. The production of beet itgar for these two per iod, increaaed from fi.839,000 to 7.86S.OOO tons, an increase of 34 per cent, as compared with an. increase in cane .ugar production from 6.110,000 to 8,666.000 ton.,, aa increase of 40 per cent. statistic of practically all of the beet- growing countries give the total world area used for beet, in excess of 6. 000, OOO acre., or an average of about one ton of sugar per acre of beeta, A. the average produc tion of sugar, per acre of cane 1. .lightly higher than for beeta it may be aasumed that another 6.000.000 acre, of cane ar. harvested for sugar. Thus, a total of 12. 000.000 acre, are annually harvested to pro duce the world', supply of sugar. London Wool Sale. LONDON. Feb. 27. There were 4000 bale. of government wool .old at auction here today. It wa. a fine .election, and the de mand was keen at firm prices. New South wale, greasy sold a. high as Bs d and Queensland scoured at 4a 8 d. Hopa, Etc.. at New York. NEW 'YORK. Feb. 27. Hon.. ate ad v. Hide, firm. Wool, firm. , . ALL PRICES ABE FIRM ONLY THREE LOADS OK STOCK RE CEIVED AT YARDS. Hosra Sell Up to $12.75 S Sheep or Lamb. Ar Offered During; the Day, Only three load, of livestock cam. for ward yesterday, including a load of hogs from California. Trade was therefore, of very moderate proportion. The market was firm throughout at the prices established Monday. Hogs sold up to $12.73 and one 680-pound porker went over the .caie. at gross price of $79.00. or 11 cents a pound. Only a few head of cattle were dis posed of. No sheep were received. tteceipts were 43 cattle ana zri nogs. Shipper, were: Q. W. Harrlger, Durham. Cal., 1 car hog.; W, A. Leaper. Yoncalla, 1 car cattle and hogs; H. L. McFadden, Harrisburg, 1 car oattle and hoga The day . sales were aa lollows Wt. Price. Wt. Price. 823 $7.00 2 hog... 250$12.25 800 6.00 6 hogs. . 00 12.75 850 6.75 lhog... 20 3125 1545 6.50 lhog... 42D 11.75 8 3D 8.0O lhog... 230 11.25 P30 7.5o lhog... SO 11.25 8S0 8.25 65 hogs... 177 12.75 1150 8.75 lhog... 330 12.75 638 6.0O 7 hogs.. 101 12.75 IBS 7.00 lhog... 250 12.75 101O 7.0O lhog... 130 11.25 770 5.00 lhog... 1S0 11.75 180 12.75 1 steer.. 1380 0.5O J07 0.25 lcow... 1010 6.75 116 11.5(1 Scows..- 928 6 50 810 11.75 lcow... 1240 8.40 170 12.75 lbull... 7U0 4.50 886 11.75 8 eowa. . 1 cow. . . 1 cow. ... 2 bulla. . 1 cow .... 1 steer. .. 2 steer... 1 sleer. .. 5 .leers. 6 calve... 1 cow. ... 10 cow.. . . 4 hogs. . . 8 hogs. ... 6 hogs.... 1 hog. . .. 41 hogs. ... 2 hojes. .. Prices current at the local yards were as roiiows: Cattle Price. .$ 0.25 9 ) . 8.25 'Vd 9.23 . 8.0O(j 8.2.1 . 7.75-11 8(H) . 7. no 5 7.75 . 6 5f-ii 7.O0 . 6 50-H 8.25 . 4.50 'if 7.O0 . 6.00 10.00 . 1200rl2.85 . 11.00 ft 11.35 Ste-rs, prime Steers, fair to good ........ Steers, medium Cows, choice Cows, medium to good ..... Cows, ordinary to fair neirer. Bulls Calves ..................... Hons L!?lu and heavy packing1.... Rough heavies ............. piks and skip. 11 ((I) a 1 1.50 10.50U11.UO 10.25'jrn.OO ........ 9. 0(1 'if 10 00 11.25 44 13.00 Stock hogs hheep Tearling wether. Ewes Lanb. Omaha 1. 1 vex t or k Market. OMAHA, Feb. 27. Hogs Receipts, 16.600. Higher. Heavy, $12 l5?t 13.20: light. $12.70 1U: pig., $11312.25; bulk of sales. $12.85 id 13. lo. Cattle Receipt. 6000. ate.dy. Native steers. $8.50ifi. 11. 5: WeMern steers, $7.50 'rri.;m; 'rexas steers, KUS00; cons and heifers. $0.758 25; canners. $5.25(6.75; Blockers and feeders. $6.50tl4l0. Sheep Receipts 12. OOO. slow. Yearlings. Sll.5OiSi.13.50; wether., $10.6011.73; lambs. $13.75 a 14.63. Clilr.ro Livestock Market. CHICAGO. Feb. 27. Hog price, at the Union Stockvards, m'hlch have been movln up from day to day. reached a new higH point this morning when heavy swine sold at $13.30. Soveral da ye ago the $13 hog eclipsed all Civil War prices and established a new record for the market. Hoes Receipts 20.000. strong. 20o above yemerday"s aversse. Bulk, $13. 05ft 13 SO; light, $12.60 n 13.25; mixed. $12 95(813 30; heavy, $12.9013.35; rough. $12.9o313; pis.. $1('SI 11.75. cattle Receipts 6000. steady. Native beef cattle. $7.U0Jt 12.15; stocker. and feeders. $(j .35fD 20; cows and heifers, $5.25410 25; calves. $8.7541)12.50. Sheep Receipts 18,000, weak. Wethers, $10.85U12.10; lambs, $12.10 14.50. SAX KRANCISCO PRODUCE MARKET Price. Current en Butter, Egg., Fruit., Veg etables, Ktc, at Hay City. 8AN FRANCISCO. Feb. 27. Rutter Fresh extras, 36c; prime firsts, 86c; fresh firsts. S5c. Eggs Fresh extras. 23e; pullets. 21c Cheese New, 21e; Young Americas, 22 c. Poultry Hens. 24?26c; old rooster.. 15 16c; fryers, 2830c; broilers, 55&40c; large, 30ri35c; squabs, $2.75023; pigeons. $1.73tij 2.25; ducks, 183?2oc; geese, 1820c. tur keys, 23 ft' 24c. Vegetables Asparagus, 40(fJ50c; lettuce. Southern. Iced, $1.75(2: unlced, $1.2501.50; peas. Southern fancy, large, 9 10c; small, 4 6c; tomatoes, Mexican, $33.25, re packed; eggplant, 8034uc: green peppers, Florida. 40di50c; garlic. 37J4c; sweet pota toes. $5: celery, $4.50ir5; rhubarb. lOTillc: marrowfat and hubbard squash, 2&3c pound. Potatoes Rivera, $3.9094.60. Onions $10. .Fruit Lemon.. $3.25 33 50; rrapefrult, $2 25 -2 60; orange., navels, $2 83 ft 2.75; banana.. $11.50; pineapples. $2crr2.50: ap plee. Newtown Pippins, $1.1001.25; Belle fleur. 65 75c. Feedstuffs Cracked com and feed corn meal. $48.5049.60; rolled barley, $45147; meal, alfalfa. $20.50 carloads; less, $21.50. Receipts Flour. 7410 quarters; barley, 3635 centals: ueans, 3802 sacks; potatoes. 2120 sacks; hay, 30 tons; hides, 625; wine, 12,400 gallons. New York Sugar Market. NEW YORK. Feb. 27. Raw sugar, nom inal. Centrifugal. 6.02c: molasses, 4.15c. Re fined, steady. Fine granulated. 7&Sa. Duluth. linseed Market. DTJTTJTH. Feb. 27. Linseed on track. $2.79(92.79; arrive, $2.79; May, $2.81; July. $2.81 bid. Cotton Market. NEW YORK, Feb. 27. Spot cotton steady. Middling vpland!. 17.05c. INVESTORS, ATTENTION ! Capital Chance Food products going higher. Coast industrial project with demand beyond present capacity invites capital. Good chance for large and quick returns on twenty five thousand ($25,000) for immediate use. Princi pals only. Address AF 98, Oregonian. The Canadian Bank of Commerce HEAD OFFICE. TORONTO. CANADA Established 1S67. A areaeral bav business transav v Interest paid oa tx deposits. PORTLAND BRANCH, CORNERtSECOND AND STARK STREETS F. C. SULFAS, Manager. DRY GOODS ARE FIRMER RECOVERY FROM RECENT LOW PRICES OX SEVERAL LINES. Movement of Merchandise Restricted by Traffic Conditional Conxuns- tloa Contlnnea ai Largo Scale. The International sdtuatien precludes active forward tradlnr In dry goods, yet there ha. been a distinct reaction from the declining tendency In cotton goods, and to k lesser extent In yarns. Wool good, are much firmer, while lln.ns and burlap, con tinue to harden, according to advice, at hand from the East. The movement of merchandise, both do mestic and foreign, is restricted by trans portation conditions high freight rates, and high Insurance coats. Nevertheless goods for home use are being sent along In large volume, every possible effort being made by mil:, to catch up with old orders. Con sumption continue, on a large scale, as a consequence of the full employment of la bor. Foreign trade Is held back by a variety of causes, overseas shipments being uncertain end Irregular, and Buyers finding It difficult to grant positive assurance, of definite de liveries. Considerable export business 1. of fered In cotton goods, and booking, are be ing n.de In instances where both buyer, and sellers are agreed that deliveries may be Interrupted. Except on rood, that must be ordered from mills If they are to be made, advance business Is not being sought as vigorously a. In normal parlous. Merchant, are dis posed to sell for spot and nearby delivery, while completing the bu.lnes. they have in hand, and their general attitude toward customers is not to encourage them to stock up unless neede are very clearly defined. Large Government requirement, for many kinds of dry good, have stimulated inquiry for civilian needs. Print cloths in wide constructions are htgher than last week, and there 1. greater firmness In fine goods and sheetings. Colored oottons have lield very firm. Nov elty wash fabrics In printed sport styles are selling steadily. Staple print, are quiet and firm. Bleached goods have been steadier and there 1. a satisfactory spot and nearby demand that is being met in some Instances by concessions from the recent top. Ging hams are firm, especially lines of branded dre.ss ginghams for Fail. Considerable busi ness Is still being booked on napped goods line, by large producer, who have not fully sold up. Cotton blankets are very scarce. Less business Iff offering from converters, as they are indisposed to enter upon long contracts under presont conditions At the same time, production In finishing plants Is well maintained, and printers are still very busy. In the woo! roods division, lines that were withdrawn when Government order, were pending have been reinstated, but It is un derstood that Federal requirements will will have precedence over civilian need, in case of emergency. Men's wear woolens for Fall have sold much better than worsteds. Manipulated worsteds aro not selling as well as they were, and the buelnews In very fine worsteds Is limited by the high price. In fancy drrrs good, of worsted, leading lines for Fall have already been sold up and withdrawn. Staple mills have an abundance of business In hand. The Indications of a further restriction In foreign trade are bringing new demands on both men's wear aud women's wear mills Cotton yarns have reached a level where tradlnr I. being stimulated and a decline checked. Knit roods continue In better de mand than supply. Government require ments adding to the anxiety of buyer.. Naval Store.. SAVANNAH. Ga.. Feb. 27. Turpentine firm. 48 e. Sales, none: receipts, 40 bar rels; shipments, 393 barrels; stock, 13,676 barrels RoeHn firm. Sales, 619 barrels; receipt.. 52 baarels; shipments, 142 barrels; stock. 7S.- im Darrens, ijuote: A. Ft. C n. E. F. O $6 II. I. K. M, $0.20; N. $6.30; WO. $0.45; WW, $0.036.70. Minneapolis Grain Market, MINNEAPOLIS, Fob. 27. Barley. 92c $1.21. ' w Wheat, May. $1.79: July. $174. Cash wheat: No. 1 hard. $1.91 J 1.93 ; No. 1 Northern. $1 64 1.89 ; No. 2 Northern. $1.81 D 1 87. Fiax, $2.75 2 81. Pastern IVhrat Futures. DTTLTTTH. Feb. 27. Wheat. May, $1.80 asked; July. $1.74 bid. WINNIPEG, Feb. 2. May. $1.77; July, $1.70 asked; October, $1.41. CHICAGO, Feb. 27. The Chlcare. Omaha. Kansas City and Toledo exchange, were closed; primary election. Grain at San Francisco. SAN FRANCISCO. Feb. 27 Spot quota tions Walla. $2.72 it 2.73; red Russian, 12.73; Turkey red, $25jf3; bluestem. $2.90; feed barley. $2.20 V2.22 : white oats, f l.!( J 1.97 ; bran. $284)29; middlings, $40rf42: shorts. 80&31. Call board Barley. May. $2 12: Decem ber. $1.61. Sales, soO ton. May, 100 ton. UKenmer. Fvset Sound Grain Markets. TACOMA. Feb. 27. Wheat, bluestem. $1.60(5 1.61: forty-fold, $1.57; red file and club, $1.55; red Ri)S3ian, $1.50. Car receipts: Wheat 3, oats 8, hay 1. SEATTLE, Feb. 27. Wheat, bluestem. $1.61: red Russian, $1.54: Turkey red. $1.62; fortyfold. $1.57; club, $1.56; fits. $1.56. Barley. $38 per ton. Yesterday's car receipt.: Wheat 23, oat. 8, hay 31, flour 4. Chicago Dairy Produce. CHICAGO. Feb. 27. Butter, unchanged. .Egrs. lower. Receipts 4373 cases. Firsts, 8(332c: ordinary firsts. 8l31c; at mark, cases inciuaea, 004732 c. GOLDEN WEDDING IS HELD Mr. and Mrs. Gordon Bwtany, of Wlnlock, Celebrate. CHEHAXJS, -Wash.. Feb. 11. (Spe cial.) Mr. ana Mrs. Gordon Bweany. of Wlnlock, celebrated their golden wedding last Saturday. More than 100 friend, visited their home and congrat ulated them. They were the recipients of many beautiful presents. Durlngr the afternoon Rev. Mr. Mob ley, of the Baptist Church, performed the marriage ceremony. Mr. and Mrs. Sweany were born in Jackaon County, Indiana, in 1842 and were married in 1867. Of six children born to them four are living. Mr. and Mrs. Sweany have been living; In Wlnlock since 18SS. Horse' Kicks Id alio Rancher Fatally, ' CALDWELL, Idaho. Feb. i7. (Spe- cl&L) Harvey Tormen, a young ranch er on Dcpr Flat, about seven miles Commercial letters of Credit Issued. Exchange oa Losdas, EnglaadU Uougkt and bold. jiiuiiiiiiiiiiiiiiiEiiiiniiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiitiiiiiiiiii;iiiiiiiiiiiiiiiiiiiiiiit I $1,000,000 1 David Luptoxi's Sons Company . I 1 I e Cumulathae Preferred Stock E Preferred aa to dividends and assets. E Dividends payable quarterly, January. April, July and October. E The whole or any part redeemable at the option of the Company on 90 days' notice at 110 E and accrued dividend. PAR VALUE OF SHARES 100.00 Philadelphia TlXSt Company, Transfer Agent and Registrar We offer the 7 Preferred Stock of the above Company, whose net earnings are six times pre ferred dividend requirements. The balance sheet as of December 31, 1916, shows net assets of $3,199,057, which amount is three times the amount of the Preferred Stock outstanding. We summarize the following strong points which will surround the issue of Preferred Stock: 1st. No mortgage to be placed on the property as long as any of the issue is outstanding, nor any issue of stock taking precedence of this to be created. 2nd. Annual sinking fund of 2V of the present outstanding Preferred Stock is to be used to buy and retire the Preferred Stock at a price up to 110 and accrued dividends, and an additional sum for the sinking fund of 5 of the outstanding Preferred Stock when the common stock receives 10 or over. 3rd. No dividends shall be paid on the Common Stock imtil the sinking fund provision has been com plied with, all accumulated dividends on the Pre ferred Stock have been provided for and until the company has a surplus in its treasury equal to one year's dividends on the Preferred Stock. 4 th. The purpose of issue to provide funds for extensions to the property and additional working capital, which will greatly add to the earnings of the Company. Full details on request, Reference. i Any Bank or Xrn.t Company of Philadelphia. MORRIS BROTHERS, Inc. Railway Exchange Building Portland, Oregon -iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii3!iiiiiiiiiiiiiiiiiixiiiiiii!iiiii:iiiiiiiiiiiiiiiiiiiiiiiiiiinir south of Caldwell, was almost instantly killed today when he was kicked by one of his horses. Ho was working with a team when one of the horses became frightened and started klckinif. Br. Tormen sustained injuries to his chest and stomach, lie wa. a stepson of Theodore Sanderson, of this city, and had recently moved to Deer Flat from a ranch nearer Caldwell. Suit to Reduce Tuxes Filed. CEN'TRALIA. Wash., Feb. 27. (Spe cial.) The Washington Union Coal Company has utarted suit afralnst Thurston County In an effort to lower the 1915 tax assessment of 15.180 on its coal-mli.intr properties at Tono. An order la sought prohibiting; the treas urer from collecting the taxes as levied. Centralis Boys Complimented. CENTKAIJA. Wash.. Feb. 57. (Spe cial.) Lieutenart-Colonel McAlexan der. TJ. S. A.. Satvrday nijrht conducted the annual Federal inspection of Com pany M, Second Regiment. X. G. W, Following the inspection the Army of ficer complimented the company high ly on its present state of efficiency. MARCH INVESTMENT Wo own and offer substantial amounts of the following-: MUNICIPAL. BONDS. Caldwell. Idaho. Municipal Irr. Cist. 6's. State of California, Harbor fa. Chouteau County, Mont., Funding E's. Lapwat Valley, (Ida.) Highway Dlst. E's Port of Nehalem. Or, Harbor B'a. Port of Seattle, Wash., Harbor 4Vi" Rio Grande Co., Colo., Drain Diet. 5'i's. FIRST MORTGAGE BOXDS. Baldwin Sheep Company. 6'a. Ottenhelmer Realty Co., Bi's. United States Rubber Co, 6's. ODD LOTS. $500 Beaver Drainage Dlst, 6's. $200 Ferndale, Wash.. Imp. 7's. $990 Mlnot, North Dakota Imp. 6's. $118 Myrtle Point. Or, Imp. 6's. $3000 Booth Kelly Lbr. Co, 5's. $1000 Warren & Hlgrglns Co, 6's. $5000 Wheeler Timber Co. 6's. $7400 City of Lyons 6's. $11,300 City of Bordeaux 6's. $11. SOO Cltv of Marseilles 6's. $3000 Imperial Russian Govt. (14'". $3000 Imperial Russian Govt. 5H'a. Full details on application Lumbermens Trust Company ranltal and Surolas S40O.000. Lumbermen. Bids'-. Fifth and Stark. TRAVELERS OCTDE. ALASK A Prince Rupert, Ketrlilk.a. Wrens-el, 1'rtrr.buT-.. Juneau. TrraUOTrll. iousla. Thsss. liainee, i..iao . Cordois, Vat de and Nrssrd CALIFORNIA Via Seattle or baa Francisco to - loa Anfflei and San Di-go, Lars eat ahip. unequaled aervica. low rate a. Includm Hi? a. a a.nd berth. For particular appT or te!phona PACIFIC 8TKAMSHIP COMPANY, 134 Tblrd feireet, 249 Waali. t Main 26. Mats t?9 Homo A 43M Homo A AUSTRALIA NEW ZEALAND AND SOUTH SEAS Via T.bltl and Rarotonga. Regular mail and passeuger service. CMOX B. 8. CO. OF NEW ZEALAND, Z4t California St.. ban Francisco, r local .icainauin aad raUroaa aceactosi TRAVE1.KR8' CI IDE. San Francisco Los Angeles tWIthoat Chance Ea R.olt) ' The IU(, Clean. t'ofnfortabls. Klrssntly Appointed, feeagotag S. S. BEAVER Sail. Trern Alttswerth Deck t P. M, HLD.1)A1, 1LB. Ss. ISO CoMen Miles aa Columbia Rlrrr All Kate, lnrlnd. llertba and Meals Table and Bjen&cea tstictlltd The San Kranrtsc Portland 8. S. On, Third and W ahinstin street (with O.-W. B, M X. ... ACL Brwsssl 4. A 11L UNION PACIFIC SYSTEM O-W. R. R. & N. SteamerHarvest Queen" NORTH BEACH ' & Lower Columbia Landings Leaves Ash Street Dock at 8:00 P.M. daily except Saturday. ReturninKl caves Astoria 7.00 AJvL daily except Sunday. fc Tickets end reservations at Cmr OFFICE, Third at Washington or at the Dock WM. McVURRAY, Gensrsl Psssenger A. writ WMN PALACES PORT LAND TO SAN FRANCISCO S. t. NOKTHfcKN FAClilC. express train time, bails Feb. 'Jl. March 1. CL tr. Express leaves 0?3u A. AL. fares as. $12 B0. $1.1. tlT.oO, 20. S. 8. CRKAT NORTHERN, Pan Prtn Cisco and Lo. Angeles to Honolulu, March 3. SS; April 11. 3t. J30 round trip. , North Bank, aih and stark. TICKET J 'atioo. loth and Mors OF it 4 I d "nd Mor-t. N. . K;, lOO t. Mnrilnaton By. . U.S. Hail S.Ss. SIERRA, SONOMA, VENTURA SAMOA r- HONOLULU fJWEST RATES OF PASSAGE Applr to txtA rn- a. 3. IS aurkat an rrsacaee. fajiiei avery 21 days MarJ.Apr.S,t4,Ma IS COKfAHIIE ttKtSfilX TSWtTlA)rnCU ( I fij ill faal Wvm LV NEW YORK BORDEAUX PARI3 Direct Hout. to the Continent. HEl hi-V DEPAKTl KKS Tor All rartlcalar. Inquire Facaxl tiro.-, fac ost AcrntB. ! Cherry b.. t. cat tic. or Any Local Asenla. American - Hawaiian Steamship Co. All sailings between U. S. Atlantic and U. S. Pacific port3 are canceled until further notice. C X. fcmi4. JarU Si-tack at t'ertlaas