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' withdrawn from the market and others who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