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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 8, 1918)
THE MORXIXCr ORECOXIAX, TUESDAY, OCTOBER 8, 191S. 17 wmjm BIDS SLASHED ON BOARD Corn, Oats and Barley Values Are Sharply Reduced. DECLINES' 75 CENTS TO $3 October T. lf18... October 8, 1017... October 9. 1910. . , October H, 1915... October 6, 1914... October 6, 1913... Market Responds Immediately to flumps in Eastern Exchanges. Solders Would TTnload. Kot since the early days of t"he war has there been such a slump in coarse grain prices as occurred on the Merchants Ex change 3'esterday. Prices dropped all the way from 75 cents to $3 a ton as a conse quence of the big breaks In the Chicago and other Eastern markets. "With indica tions of still lower grain prices throughout the country buyers were not disposed to enter the market and sellers, to unload, asked materially lower prices than were posted on Saturday. Offers for sacked oats were reduced $2.25, bulk clipped oats ?2 to $2.50, and bulk white oats $2.75 a ton. Yellow corn bids were cut $2 to $3 and mixed corn bids $2.50 to $3. Milling barley was down 75 cents and feed grades $1 to $1.50. Though asked prices were slashed no business resulted. The -American wheat visible supply state ment shows the following comparisons:. Bushels. Increase. . .01.278.000 6.2r,.i.OflO 7.794. 00O 14.000 r8. 230.000 840.000 . .IS, 240, 4(00 2.H40.010 . .Sl,rKli,OnO 0,2U4,0oo 1 . .02,001.000 3.035.000 The United States visible corn supply de- ! creased 8000 bushels and the oats supply 1 decreased l,4GS,0OO bushels. San Francisco stocks of grain In ware houses and on wharves on October 1 were: "Wheat. 72.250 versus 21,097 tons a year ago; barley. 52,903 versus 41.701 tons; oats, 20.005 versus 868 tons; corn, 824 tons versus none; beans, 6S.87S versus 0,062 sacks. Re ceipts during September: "Wheat, 0841 tons; barley, S467 tons; oats. 29S4 tons; com, 387 tons; bran. 12 tons; hay, 5S93 tons; beans, 22.405 sacks. Recent San Francisco- Imports Included 8522 bales hemp. 425 bags beans. 100 bales burlap, 896 bales gunnies, 2S.495 bags rice. Idaho State Grain Inspector R. J. Leth Is responsible for the statement that there are very few grain firms in Idaho who have the necessary equipment for properly grad ing wheat. In most cases neither the farmer nor the dealer is assured of the correct grade. The farmer Is not the only loser in this game, however. Much wheat is pur chased on too high a grade and the dealer stands the loss. Possibly such losses and Cains may compensate for each other to the dealer, but not so to the Individual farmers. State grading is the only re course. Mr. Leth further stated that bet ter service could be given if the rules for submitting wheat samples were always fol lowed. A common difficulty is the sub mission of too small a sample. Three pints Is the smallest sample it is possible to grade. The grade determined by the State Orain Inspector becomes binding on both buyer and seller only when the sample is Jointly selected by them. The law demands that a sample be submitted for the offfcial state grade upon demand of either party concerned. btate wheat grading assures every farmer of the proper grade on his wheat If he so desires. Likewise It pro tects the dealer from unknowingly buying wheat at a higher grade than is Justified. Terminal receipts in cars were reported by the Merchants exchange as follows: "Wheat.Barley.Flour.Oats.Hay. I'ortiand, Moo. "Year ago Season to date. Year ago Tacoma, Sat... Year ago Season to date. Year ago Seattle. Sat.. , . Year ago fee as on to date, lear ago Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows : Clearings. Balances. Portland $ti.321,725 S1.741.S44 .Seattle y.UUO.TO l.;iO Tacoma l,L';;i.SJ7 210,074 Spokane -.202. 47 bbs.23: stock. Further declines In this section are setting local values more in line with those elsewhere, .but prices are still higher than in Chicago." There was a moderate demand for onions, with liberal home-grown receipts, and prices were weaker. Orrgons of medium size were quoted at $2?2.25. small California browns at $1.75 and larger at $2 25. MAKE OF BUTTER SLOWLY INCREASES Trade Joks for Easing Cp f Situation In Near Future. There has been a noticeable Increase in the supply of cube butter, and country creameries report a slow but gradual en largement of their make, but the- gain thus far has not been sufficient to affect prices, which continue on a firm basis. The position of the egg market Is strong, as receipts of fresh ranch stock are below requirements, and there is no likelihood of an Increase in the supply for six or eight weeks yet. Poultry receipts were of fair size and the market was somewhat easier, particularly on light hens and large springs. Dressed meats are about steady. Dealers find it difficult to move over-sized veal, of which many have been sent in lately. Some of these calves, which could be classed as neither veal nor beef, sold as low as 7 and fi cents. RAIN BIG HELP TO FARM WORK Plowed Fields Thoroughly Soaked and Seed ing Operations Start. "WALLA, "WALLA. Wash., Oct. 7. (Spe cial. A general rain fell throughout Last em Washington last week, thoroughly wet ting the plowed fields, and as a result seed ing operations started today. More than half an inch of rain fell, the heaviest this Summer, and indications are for more. Such a rain is what Walla. Walla district farmers have been waiting for before start in s Kail seeding operations In the foothill region and the better land districts around tlie city. Much of the seeding has been done on Eureka Flat and in tho lighter land sec tions and the rain will insure the farmers a good growth before the Winter weather sets In. tAn unusually large acreage of Fall wheat will be put in this year, as conditions are more favorable than for year. HE-COT BREAK IN CORN SET.LIXG BASED ON' POSSIBILI TIES OF PEACE. Bnt for Recent Drastic Liquidation, Decline Might Hare Been Greater Oata lower. PICKERS' SUPPLIES LARGE TjACK of demand causes WEAKER HOG MARKET. CHICAGO, Oct. 7. Bis; downward swlnss in the value of corn resulted today from selling drives, which wee in the. nature of efforts to discount the possibility of a gen eral pace. Trade, however, although at times on a broad scale, did not. as a whole, attain great volume. The market closed heavy fl'ic to !c net lower, with Novem ber $1.2 J S rl .-i"i and December $l.::l kt 1.21'.. Oats finished llic to 2c down and provisions off 27 c to 1. At first the corn market made only com paratively moderate response to the an nouncement that Germany had asked an Immediate armistice and for negotiation of nnar 1r annn kf m at Trt aniff-lt that the initial absence of any extraordinary selling J 1 pressure was due to recent drastic liquida tion. Fubsequently. though, Isck of buying sup port became so apparent that the specu lative element grew aggressive. In conse quence last transactions were virtually me lowest of the session. Oats fell with com. but were steadied somewhat by belief that considerable cash business had been done. Leading futures ranged as follows: CORN. Open. Hi eh. Low. Close. ,.1.2 SI. 27 l-lVi S1.22H .. 1.24A 1 27 1.20 1.21 OATS. .. .6S .;H .671 .U .70 .07 .6S" MESS PORK. from Pecerober, March and M sr latef deliveries. September sold at flA.15 and cloved at that price, with the general list -frwtjng net unchanged to S points higher. Selltn K was held in check by the strength of Brazil, whk-h reported a sharp advance. jei.;-s blv on the tiermaa peace ta'.fc. rd the little t-eptember offered was a tt.-.-mi ted to realising. October S.fo, December .R0: January 8.05: March 9.20; May 9.&A; Juiy U.S.".; September 10.13. Fpnt coffee firm. IUo 7s 10c; Santos 4s 13 r c. SAN FRA'NCISCO PRODUCE MARKXT PHccs Current on Kggs Vegetable, Fresh Fruits. Ktc at Bar City. PAN FRANCISCO, Oct. 7. Butter, 62 HIGH-GRADE RHUS HIGHER WAR STOCKS REACT SHARPLY IX WALL STREET. extras, Mc; fresh extra Nov. Dec Nov. Dec. 63 r. Fees Fresh pullets, u4Sc. Cheene New first. 274e: Touni lca?. 31c. Poultry T.arge hens, 31 3.1c; young rooster. 3.1&34; fryer". 33 ti 3.c ; broilers, 4.tc ; pigeon. 'J; nqua hp. $3(f 3.o0; geese, L0- ; turkey, ltve, 34 v 3 He. Vegetable tireen pen. FJIc; asparagus, 3Ot30-; eggplant, 75ei$l: bell peppers. MV hll pepper. t0fefrc: tnmHtoea, Slf 1.T.0; lettuce, !n.?$l; celery, 1J02Sp; pota toes, rivers, . .5y 2.7 . ; Salinas. S3. 293.50 unions. Australian brown. $ I. AO 1 . 70: yel 1.754 2; garlic. 15&16c: cauliflower. 25 r neets. tdcfSl: carrot. Sll 50: tur- ips, ."f( 73c: rhubarb. si.lOfr 1.35: cab" bag, l&l Vc; artichokes, $36 4; cucumber. tft fiOc; string bean. 4& 3c; lima beans. n tr : oara. iw i-jc per pound Fruit . Cantaloupes. Turlock. tll 25: watermelons, $1.00 J; eassh&s. S1.23M 1 50: hon-ydew melon. 1. 50 1.75; lemon. $3. SO (..: grapefruit. oranges. Valencia. "'a ..; bananas, Hawaiian. 5 07c: pine apple.-. 4; apple, small. 1 41.50; large. 'afl-'-w; pear. Sl?fl.5tt; figs, black, $lff .-.; grapes, ltr j; pesmmmons, SI. Rreipt Flour, 2u0 Quarter sacks: bar- ey 11.517 centals: bean. 11B5 sack: nnlnna 2740 F.irks; hides, 4; hay. 453 tons; pota- vc. iwno bbckn; wine, 07,4.10 callous. Oct. Nov. Oct. Nov. LARD. Lrt. 20.50 .2805 2U.05 20. SJ SHORT KIES. 36 25 SJ. 23 0.60 AO pi Cattle and Sheep Are Steady Xortli Portland Run for Day Is Liberal. The week opened with a good run at the stockyards, but a slow and backward market, particularly on hogs, as packers are well supplied, and their Inactivity re sulted in weakness in this line. The cattle market, however, was very steady. Sheep and lambs were also unchanged. Receipts at the - local yards In the past month compare with September of last year as follows: Cattle. Hoe. Pheep. Rtpmhpr. 101 14.R72 17.043 U...V.HI September, li17 10,211 13,b24 18.4ut Receipts yesterday were 1315 cattle. 51 Mi ... 11 3 21 SO 1 10 8 15 35:! I 854 4:;7 205 1214 121!) t7 2J4 gtl-ft 5 til 11 1 :;s 8 1781 17 ... 69 454 839 24 ... HI 61! i;:i ... 17 4 2!l r.s ... i. to n 2070 P0 513 203 035 852 84 474 347 10la Oct Nov 23.05 2.03 22.02 Cash prices were: Corn No. 2 yellow, $1.501.53; No. 3 yellow, S1U71.41: No. 4 yellow, $1.2Gf7 1.32. OutS NO ii wniie, OH'.t V tU t, siuua.u. Q1i 71e. Rye No. 2. fl.62. Barley 05c(S1.04. Timothy $7.50 a 10. Clover Nominal. Pork Nominal. l.ard $26.35. Hlbs $22 0223.50 New York Sugar Market. jejw xj.jv. jct. T. Thera waa no change In the loal raw sugar market, with centrifugal quoted at 7. 2 Be. The committee reported purchases of 15.O00 bags of Cubas for October shipment. In refined orders are being filled as fast as certificates are presented, which are not rartlrulariv hw Prices are unchanged at 0c for crantilatMri cut loaf, 10.00e; crunhed, 10.1!5e; mould A, ,"" tuwc. w. i -c ; aa.. powdered, 9.20c puw uereu, v.loc- Mlnnea polls Grain Market. MINNEAPOLIS, Oct. 7. Flax f 3. i Barley 80ft 4c. 3 3.7ft. Portland market quotations. Grain, Flour, Feed, Etc Merchants' Exchange, noon session: October: No :t vello No. 3 mixed November: Oats No. 2 were: With hogs J. L. Maxwell, Wallowa, 1 load: Hilligan Bros., The Dalles., 1 load ; W E. Calhoun. Caldwell, H loads; C. B. Bush, Parma, 1 load; II. ZIggler, Grass Valley, 1 lead; George Losst. The Dalles, load; C. J. Allen. Parma, load; G. A. Brandt, Kalama, 1 load ; J. Kelly, Maupin, load; D. Bursell, Central Point, 2 loads. ri-i tn. No. 2 white feed Barlev Standard feed Standard A . V V Kastern oats ana corn in uu.k. Oats No. o white ThSrty-eight-pound clipped, white. . Corn Ttld. .$50 00 40.r,o 47.50 4S.50 49.50 50. 50 55.00 40 50 47.30 With cattle E. R. Hanson, Redmond, 1 load; M. Ie Lashmutt, Wil lamina, 1 load ; W. M. Cook, Miliersburg. 1 load; C. I. McNutt, Robinette, 2 loads; O. R. Schmidt, load; Shumaker Bros.. Condon. 2 loads; J. W. Chandler, Wallowa, S loads; E. E. Gildersleeve, 1 load; J. J. Johnson, Joseph. - PEED SlTrATlON TO BE RELIEVED Government Buying; of Flour on Larger Scale Promised- There are indications of Improvement in the flour sit uation in the near future. It I believed that more tonnage will soon he available In the Northwest, as It is known the Government's needs for nitrate have been much relieved and this will re lease steamers to move breadsturfs from the' Northwest. The statement by Julius Barnes, president of the Grain Corpora tion, that the Government ia planning to buy 40 per cent of its flour for the allies on the Pacific Coast is particularly en couraging to millers. With water transportation available the mills in the Northwest would be able to compete with those of the Middle "West for Government business, which they were not in poEitlon to do when ships were lacking. So far this season there has been no profit In flour milling In the Northwest and the mills have been cutting dovn their opera tions, until now they are running to less than 50 per cent capacity. Adequate ton nage and Government buying, which would allow the mills to run full time, would vast ly relieve the millfeed situation here. There are rumors that the Pood Adminis tration may also fix a somewhat higher price for mill feeds. APPI-K MOVEMENT IS ENLARGING Grape Receipts Are Liberal, but Trices of Alt Kinds Hold Steady. The apple movement from the North west is gradually enlarging. Ten cars of Orrens were reported shipped, three cars guing to Klmira. two to San Fram isco and ' one each to Paramentn. Great Falls. New "York, Suspension "Bridge and Dubuque. Shipments from , Washington are very heavy, amounting for the past two days to 201 cars. Idaho shipped nine cars, and Montana, four. The local market was steady yesterday, extra fancy Jonathans, Graven steins and Winter Bananas bringing $t.73'(r 2 25, according to size. Extra fancy Green ing. $1.75 if 1.00; extra fancy DeliHou. $2.K3Sr3.25, and fancy Delicious $2.703.00. Ki e cars of California grapes arrived, including the first car of Ladyfingers. Ex press receipts of Oregon s were light. Ore an Tokays were steady at $2.25. Muscats t S3 and Concords at 5 ffr 6 cents, Cali fornia Ladyfingers brought 910 cent. Ma l.igas 3 cents. Cnrnlchons $2.30, Tokays S 1.60 T 1.75, and Muscats $1.75. loads; Pickett Bros.. New Meadows, Idaho, 15 loads, direct to packers; C. R. Laughlin. Condon, 2 loads; J. W. Allen. Wallowa, 2 loads; Fred' W. Ball, Condon, 1 load; A. A, Tager, Tillamook, 2 loads; Lv H. Akin, Salem. 1 load; C. C. Miller, Natron, 1 load. With sheep EL Connor. Pilot Rock, 1 load: NIssen Bros., Balls ton, 1 load; A. A. Welch, Medford, 2 loads; J. W. Fisher, Junction City, 1 load. With mixed loads C. C Carter, Myrtle Point, 1 load of cattle and hogs; W. A. Leaper, Toncalla, 1 load of hogs and sheep; George Kohlhagen, Roseburg, 1 load of cattle and hogs; C. M- Far low, Maupin, 1 load of hogs and sheep; Edward Bros., Monroe, 1 load of hogs and sheep; Nissen Bros., Balls ton, 1 load of hogs and sheep; George Burdlck, Salem. 1 load of hogs and sheep; J. Dadrak, Sheridan, 1 load of cattle and hogs; P. A. Gourley, Drain, 1 load of hogs and shec-p; J. W. Toner, Walla Walla, 1 load of hogs and sheep; W. E. Smith, Condon, 2 loads of cattle and hog; Fair-' P" view Stock Farm, Redmond, 4 loads of cat tle, calves and hogs; SMl Dickerson, Wclser, 2 loads of cattle and hogs; F. M. Beck, Heppner, 1 load of hogs and sheep; Grovel Bros., Payette, 2 loads of cattle and hogs; W. B. Hunter, Lost inc. "1 load of hogs. sheep and cattle; O. E. Gorsllne, Joseph, 1 load of cattle, hogs and sheep; Benland A Co., Heppner, 1 load of cattle and bogs. The day's sales were aa follows: Weight. Price. Weight. Price, 54 steers.. 142 $1U.7& A Oats No. 3 Clipped Corn- Yellow Mixed W H EAT Govern men t basis. FLOUR Stralgnt. si" uor i i.wu pn rel; whole wheat. iu..; gran am. v flour. 112.00 per barrel; corn meal. $11.30 & 11. SO per oarrei; corn nout, flour. $11,201x11.40 per barrel. Mil t vvt'.ii vim run. i. o. u. mm; nr- lot. S2l.5: mixed cars. S30.I&; less man carlota. $30.63 ; rolled barley. $5 ; CORN Whole, 7a: cracaea, 9lo prr T-i a v- Unvlne nrice. f. o. b. Port. and; Eastern Oregon timothy, $30 per ton; Valley timothy. $-i per ton; alfalfa. $2.; a' era in bay. $26 it 27; clover, $28; straw, $9 0 10- r no .30.00 55.00 04 U0 per 1';.'45 $ 8.50 '1 o.uo SlNtf.trs.. 10t4 1---Ji SCOWS. l!o steers. . 971 ll.00ii2 cows. . . 1020 b 25 11 steers.. 10S0 12.75i 2 cows... 1335 7.50 nteers.. ioo:i - cows... : tOsteers.. 1105 11.85 lcow.... 1050 5.50 25 steers.. 1075 12.50 4 cows. . . 1052 7.00 12 steers.. 1190 12.251 6 cow. . . 720 3.50 13 steers.. 10O7 1 1.23:1 2 cows. . . 70 S.oo 3 steers.. f3 lO.OO 41 cows... Kioo b.5l IO steers. . 1017 10.50 .0 cows. . . 115: 2 bulls... 1115 5.50 5 calves.. 13i 11. (Mr 27 cows... !70 OOj 2 calves. . 175 11. M 28 cows... 1003 8.23j 2 calves. . 205 U.5C prices current at the iocai yaros are as toilows: nattle Prices, Prime steers.. $12,000 13.0 Good to choice steers ll.tMCj, l-.ut Medium to ftood steers i.75wll.O0 Fair to medium steers 8.25 9.25 i-rtnitnon to fair steer 5.5:r S Choice cows and heifers 8.0O4J) .)0 Med. to good cows and heifers.. 6 0uu 7.25 I Fair to rued, cows and heifers.. 5.0(i 0.U0 I Canners " (t 4 N Bulls 6.00 7.04 valves V.UU12.UJ Hoes Prim.! mixed .................. 1 0.50 fTi 10.75 Medium mixed 10.25-si i:t,50 Rough heavies 1S.50 18 75 fig. ivi.UUU 17. Oi) bilfep Prime Iambs Fair to medium lambs... Y earlings (Vethers Ewes Dairy and Country Produce, PT'TTER Cubs. extras, 13c; prints, vtr- hm lot. 3e: cartoons, box lots. 64c. lc more: butterfat. No, 1, 67o per pound delivered Portland. EoGS Oregon rancn, ranuieu, wv -T-nr U out. 5".i 5c: seiecta. iC P"r aowii. CHCE3B Tlllamooa. I. o. o. i uiamooa. TtiA, Mir- Vonne Americans. -c : lone- horns. 34c per pound. Coos and Curry, f. o.b. "pni'l.TRY Hens. 24 kt 27c: springs, 26 ft 2Sc; ducks, 32c; geese, nominal; lurKejs. live, 2s32c. VEAL Fancy, ic per pounn. POKK. Fancy, 25 He per pound. Fruits nod Vegetable. r inhhinr ouotatlona: FklllTS Oranwes. Valenciae, $n.75-J 10 ij.-non t.,aG.i. per DOX uanann, i"jo nound: grapefruit, siu; caauioupn, c,i r.O Dcr crate ; peacnes, i.u i i.i- . i ni... i r,fta OO per box: pear. 75c 1 St p box casabas. SJiW'ic pound : grape, in-r tfr nmina auir.tes, - Imrr i. H .tu per uan ci. vi-r'.PTtR .K3 Tomatoes, wri -c-pp t rnbinte. .JO per puuou , irnuie. S2 Dcr crate; peppers. 7c per pound: benns, 6d?7c per pound; celery, OOc per dozen; egK nlant. 10C per pounu, m " POTATOES oregons. - - - .fia dred; Idahos, $2.3ii.X.iu; iaama. e-.o sweet, o''tJftc- m ONIONS Oregon, & .t brown, $L752.25. Staple Groceries. , Local 5obbing quotations: t-T-r:Ai hnsii: Fruit and berry. $9 55. beet, $'.V23; extra C, $0.13; powdered, in barrels. $10.25; cubes, in barrels, $10-4 NUTS w annuls. - - . -. 19c; filberts, 25c; aimonus, o t-ivc, pea nuts. 21c. SALT llair-grouna. iws. ifs. $17.25 per ton; dairy, $-' per ton. BEANS Jobbing prices: Small whit. 10:Hl3c; large white, Hfti:c; coioreo V.V-U Ul.nl.1. - 17SO,A CO -t XWmnrn. in ui "'- - w Provisions. Local Jobbing quotations: HAMS A 11 sizes. choice. 3 ft 37e; standard. 35 t 30 4 c ; sKinnea. none; pic- nits. 2U; t-oitage run, -.v. lARO Tierce bals, stand&rd pure. 29c; co ni P M" 1 rJl ' - " -o a. -. i -. . - A , r A iiu fliTV-c; choice. :t044c. DRY SALT Short, clear backs. 30935c; exports, -j-Kq-c. Callfornl; Naval Stores. SAVANNAH. Ga.. "Oct. 7. Tm rirm, Obc : sales lt3 barrels : rrlnt. i i barrels; shipments 10 barrels; stock 29,68a carrel. itosin, firm: sales 932 barrels: rrlnt 7300 barrels; shipments, none: stock- n :un ourrem. woie : u 14 ; L $14 U 14.05 ; K m.ivmn.1.1; IT $14 135i 14.25: G $ 14. 20 Cr 35; H S14.30frl4.40: I S14.50: K lu'.n- M $14. ROfr 15.10; N $14.9015.20; WO $13 35: WW $15.50. Grain at San Francisco. SAN FRANCISCO. Oct. 7. Flour. 111.20 per oarrei. Grain Wheat, Government nrice. 12?0 per Dunei; onriey s.yr.fe 2.30; oats, Dom inal: corn, California yellow. S4.15. Hay Wheat and wheat and oats. $2325 tame oat, $24ft 20; barley. $10923: al- iniia, rirst cutting. $1020; second cutting. -f ; oariey straw, no4j fcoc. Meals Alfalia, $36; cocoanut, nomlnaL Chicago Dalrx Produce. CHICAGO, Oct. 7. Butter unsettled creamery &0 ft ,c. Les steady. Receipts 5524 cases: first 47i4se; ordinary firsts 45fc40c; at mark. l'ubvs ineiuueu, -v.t'fi -tie. Hons, Etc., at New York. NEW TORK, Oct. T. Hops easy; state, medium to choice ; 191 S. 19 f 23e; 1917, 15-iilc; Pacific Coast 1918. 13 W 15c: 1917 10 6 lc Metal Markets. NEW TORK, Oct, 7. Lead Unchanged spot, o.OOC spelter Dull; East St. Louis deli very, not onereu at o.iac. Dried Fruit at New York. NEW TOR K, Oct. 7. Evaporated ancles dull; state, 143 15 c. Prunes scare and nominal. Peaches firm, nominal. Germany's) Latest Feace Overt a res Affect All Part of LUt Lib erty Bonds Are Krm. NEW TORK. Oct. 7. War stocks made further unmistakeabl responses today to latest peace overtures of th Teutonic powers, sgain reacting sharply, whtl other tsues more remotely connected with that group also extended recent decline. t,alns In the peace division were suf ficiently lm press! vo at times to neutralise weakness of Industrials and euuinmenta. Dividend rails scored substantial advances on further extension of Federal credits, and utilities augmented last week s gains ss result of the Government's equitable agree ment with toe American Telephone Com pa n y. Horn developments bore no direct rel ion to th course of prices, although ton nage reports at Important term ins s Were mixed, while business conditions in Western' nd southern sections suggested by their; halting attitude the interesting changes la ine foreign situation. United Mates teel contributed ver 23 per cent to th da diversified dealings. recovering only a small fraction of its 2 -point reversal. Trans-continental rails and grangers re tained part of their I to 2 H -point gains, but oils, motors and shippings cancelled much of their substantial advantage in the general pressure at th close. Sales amounted to H35.0O0 shares. Firmness of liberty Issues accomnanled the progress of the current drive snd foreign bonds wer featured by th strength of French municipals. Pans 6s gaining 1 per cent. Total saes. par value, aggregated $9.b73,O00. Old United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Last Sales. MORRIS BROS. Government and Municipal Bonds MORRIS BUILDING 309-311 SUrk St. rORTLAND. ORE. Established Orer rhone Bdwy. 2151 Twenty-Five Years blr.. Kit. GMd.r d.m.nd. 45t: ciblti, M.xtc.n dollan, TSc. Tim. lo.na tilroni: p.r Cnt- cil money siroo: htch. pr r.nt: low. p.r cent: ruling r.l. f pr cnt; clovinv btd. 5. per rent: offered at 6 per cent; Iwt lo.n. 6 per cent. IXXIXS. Oet. 7. Voney. S per eent. lhac.unt r.t. Short bill.. 17-32 per cent; tnree-monthn bill.. 17-2 per cent. Am e.t Sugar . Aiiieru-nn Un. . Am Oar & Kdry American Loco Am tytn A Reir Am" Suirtr hotf , . m j ci ft TCI . . Anaconda Cup.. Atchion i A TV I S 3 t'.&ll Ohio. . . . tutte A Sup Cop California 1'etrol Canadian 1'ac. . Centrnl T.cather Che, Ohio. . . . Ch M ft bu Paul Chicago it N W Ch H I ft P ctf. Chlno Copper . . i-olo J l Ac ir... "orn Pdcta Hetg Crucible steei. . Cuba Can. 8tiir Distil tcurltlea Krl. t;neral Electric ;'neral Motora. lit Nor Pfd.... lit N O etfa Insplr Cop. . . . Inl M M pfd.. Inter Nickel Inter Paper Kan City Houth Kennecott Cop. . Maxwell Motor, Mexican Petrol. Miami Copper. . Mlifcrori Pacific Montana Power N Y Central. . Nevada Copper N V N H i H . . Norfolk c Vilt Northern Pac... Pucitlc Mall . . . . Pennsylvania .. Itay Con Cop. . Heading . . Hep Ir A Fteel Fhat Aria Cop. . Southern Pacific Sout hern Ky . . Stu'lebHker Cor Texaa Co Ininn Pacific. IT s ndu. Al.. IT H Steel pfd.. Ctah Copn-r .. v.ntern Cnlon.. West Electric. . . HI Eh. Low. TJ.NOO 2.loO 1.1 OO B.joo 5.J i.;ioo ' VTA1 l.tiO-l 'H 2,000 timi I'OO 1.M S.r.oo 1.UIH) !-iiO l.lun :tto 1. r.oo 2. VoO 4.1"l nxO GoO s 1S .".4 171 K ('.!, 67', 4Si .- J 411 4JH 4:;', tj: 4S 1S1 IS.: vo .'..-., Ill) 'i 34 1, 4:1 i 11:1 77H ioi'.i Klil HS, c.t vi 2 170 lis '4 07 ' 47 H.-i sS5 4H 4:1 40 l-.H i:.o J-i wH .". r.5 josh mt 34 bid. 4:1 H c:iv, 77 110 lu.-.H a K7'. 1IMH4. 4 J I 170 (, o:iv .7'j 47 Vi Cotton Market. NEW TORTC. Oct. 7. Spot cotton quiet; m'ddllnt- 3.1.IT.C. ACTIVE SERVICE IS OBJECT II. L. Corbet t Not to Go to Offl Xrnlnlmir Camp. Plans of Henry I Corbett do not In clude a course at the officers' training; camp at the 1'resldlo, accordingr to an nouncement made yesterday. Originally it was said that he would go to the 1'reisldio after completing a military course at the University of Orenon. Mr. Corbett has cone to the Kusrene camp to combine a much-needed vacation with training that will be of value to him as soon as he can arrange his affairs so as to enter active service. Koth of Mr. Corbctt's brothers are In service. Hamilton K. Corbett Is in France and Klliott It. Corbett l! In the officers' training camp at Fort Zachary Talr, Ky. U S ref rec do coupon fj s S rer... do coupon C7 s 4. res. . n i- couDon Atrh .en 4n. . . . Ml' I A R O ref 6s.."3 NYC deb .... N P 4s s, J N P 3a . Pao T T 6a.. 8S?.I 8i 34 .ITtH .2M1 3L'H 31', J..MM 1JJ 1184 :tw 2" S 2 Va S.300 24 H 24 "3!4n6 74H "74H 400 41 40 l.l'i") 4 1 40 400 lilt JO 1.4UO etiS 83 "li.-.oo '4:1 "4rii H0 54 ' 24 1 0. r.oo k '4 14.4UO st:., m "V.ioo "fii f. :mo 2 27 ; 10.7I-0 fill r.7 . n.loo isr. 1ii S.SOO 1-2-K l-7, 11 .IfW) lll.Mx !O0 l.nno Hits liou . .:t ''h Rt St .2.1'Ort !OT. l.OOO 42T 42: nONDS. fiH tl'a con 4 4... 4'." 4-t, r.4 21 ss 4U WW 1 r.o v. i-'i 1HI 211 .-..- 1S 30 4 1SH liS 21 . 24 V 7 I 74 4 4IS 40 los .11 S 4:1 24S SSI. 8 US M4 104 1 Iojh, 1 10s 14 IMIH NkHY RECRUITING BEGUN POflTLAXD OFFICE NOW READY FOK APPLICANTS. rorter and Penlnyuls yards. His of fices ar. in the Northwestern Hank Bulldinic. Major Hrandon has been prominent in enirineerlnir circles of I'ortiand and the Pacific Northwest, havlnrr had charge of construction work in various railroad projects. He has entered Into his new work with seat at the oppor tunity to serve, though no longer in a military capacity. Only Men. Between IS and 35 Ac cepted and Only Full-Fledged Americans Wanted. The Tortland Navy recruiting station yesterday besran the Induction process for registrant applicants, immeaiateiy uoon receipt of the necessary blanks. About a dozen applicants had their papers completed, but a rush of caper eligtbles Is expected now (hat the office Is ready for tuem. Under .the new selective service ar ransrement the Navy is to receive 15.000 men per month, of which 6500 are to be taken throuch voluntary Individual in duction. The Portland office has not yet been notified aa to its quota. Onlv men between IS and 35, lnclu sive. may be accepted by the Navy. Only full-fledised American citizens are wanted. Conscientious oujectora nu not innlv. Under the new arranaremem me run land Navy office merely takes the ap nllcations of eliRibles and examines them. Seattle is the mobilization point for the states of Montana. Idaho. ajth insrton and Oreeon. Papers of physic ally fit applicants are forwarded to the Provost Marshal-General's office. From there orders are sent to local boards and the boards entrain the men for Seattle. All men maklnar application In Port land for Navy service ask merely for Induction as apprentice seamen. Rec ommendatlons for other ratines are entered on the papers, accord inn to qualifications, and assignment of rat ings is made when the men reach Seat tle. As yet the local officers lack (inert flc orders as to acceptance ol youths who have become IS since regis tration day. Military Polleo Ordereo to $t Ileleaa. PENDLETON. Or, Oct. 7. (Special.) Orders have been received bv Captain J. V. Kocker, of th. Fourth Compant, Oregon Military Police, to proceed with his company to Helens and estab- tsli headquarters there for the Fall and Winter. The company has beeu sta- ioned at Pendleton during the Mummer and Its members have been patroillnt; he wneat fields in this and several other Kastern Oregon counties. Since he completion of harvest they have been guarding warehouses In tba county. fa !tT T 4s ..S3 j IT S Fteel Ba.. , ...S3 l.S P rr inrttt ' An.lo-Kr .. .IO1-,! 8 I.lb B.. ..!' an it cv ... Ii do IJ 4. lm" tin lnt cv 4 ; P7.24 do I'd cv 4:il 74 do 3d 44s ... . -t4 .. 7-i . . 2 4 -4 10 P7 1 Bid. Mining 8tork at Bo.lOfl. T.nt-rv rt..t Clrmln. auotatlon.T Allouex 4'-3 North Butte .... Aria Com Calu A Aria... Calu Wecla.. Centennial .... Cop RanK. ... Franklin lale Royall. . Lake Cop . . . . . l.S 01.1 Ioin . . . . . t;l s Osceola .4.'.0 'Qulncy . 114 'sup A Boston. . 4C.S Shannon . 4 tt'tuli Con .... . 2."i iwinona ...... 5'4 Wolverine .... 3 6T 4 S'4 S 1 Money. Kxchajize. F.te. NBff YORK. Oct. 7. Mercantile paper. per cent. Sterllnp 60-day bills. SI.73; commercial. o-rtay bill, on banks. 94-72S; eommerelaL. Kil-diiy bills. $4.72I; demand. $4.7AS; ca-r-... f I 71-10. Vrnn.-.. rlemnnd r. 17'" :' fa AUTO DRIVER IS INJURED A. Bratkes gaffere Fraetor1 Shoulder lm Freak Acelaeat. Two streetcars and an automobile flKured in a freak accident late las nisrht at Fremont and Williams ave nuo In which A. Broten. the driver o the machine, received a broken shoulde blade. The Injured man waa removed to the Emmanuel Hospital. Morton Olsen. of 22S East Third street, who was driving the machine, was struck by a Williams-avenue streetcar and escaped uninjured. H enlisted the services of Mr. Broten to help him repair the broken car. Mr. rtroten reversed the machine and backed across the street Just in time to be struck by a St. Johns car. and waa thrown out of the machine heavily to the pavement. rhone your want ads to The Orego- nian. Main "070. A f.0!T. MAJOR BRANDON DOING BIT Earls IaTalld4 Hn la New Braara f Service. Major Herbert A. Brandon, late ot the United States .Kn.neer, who waa invalided home from France several weeks ago. has been appointed resident engineer of the Kmerrenejr Fleet Cor poration, ril:ned to the Orant Hmith- J.OCAL POTATO MARKET IS KASTFTR Weak Tone Also F re vails Throughout North west Steady in Kant. Included in the potato receipts yesterdiiy was a car of Washinjrtons. The market was easy. The best Oregon jBurbanka were quoted at $22.'-5, Idaho Iturals generally at P2.jr. and Yakima Netted Gems, moatly im mature, at ?2. 2. The penoral potato sura m n r-j', I?u5uecl by the Bureau of Markets. f aid : "Markets continue nearly t-teady In the Kasto but weak in the Northwest. Car.ota cf Minnesota -vrhtte Flock mill ranee fl.90 4it.9A, sacked. Chicago. Moorhead. Minn., quotes Ked River Ohios unchanged at $'J 'tp 2.0.V Tolorado and Idaho shipping points htld fairly steady ranges. (.reeley quoted J1.K0 per en, sacked, f. o. K ; Monte Vista. 91.40. sacked, f. o. b.. cash; and Idaho Palls. 1.30, saxked, U o. V. caah for No. 1 white . 12.OO$M4.00 . 9.00&11.0S . lo.oiKirll 4 Hides and Felts. HIDES Government gtadea: No. 1 salted hines, 0 1 j hides, . Iba. and up. and up. i:c; Seattle Livestock Market. EEATTLK, Oct. t, at tie receipts clofs to norma i required by packers, with UlS lieari; Rood ranee cows plentiful, puckers bidflins; ur to :.25 for one bunch. Hog receipts "i'.'.Z head, bulk on contracts direct; market steady. Hock 1'iimw llcht. $20 00 20 25: medium tn rhnirp, $ lO.r.o -It li.o : nieditim heavy, SlS.r.o .i li.O0; rough, 17.50 ft J 8.00; pigs. I'attie Best steers. . 1 1 .00 fi 1 3.O0 ; medium to choice. 1 0. ."it ' 're l.oo : common to good S.on-'i s..V: medium. JT.OOJj7.00; bulls. $."5.00 ti7.r0; calves. $-V00i lO.Ort. sr.eeT Spring lamhs. $ 1 7.T.0 ft 10.00; year lings, SO.f'ltf l'J.OO; ewes, (.ft0?J U.oO. Chicago I'ivef-tof'k Market. CHICAGO. Oct. 7. Hogs Receipts. CO. 00O. steady to K'c lower. Butchers. $18.6.1 No. '1 aalted No. 1 green ti.juxp U.diJ I ui-- :u lbs. and up, 1'Jc: No. 2 green hides. 30 lbs. anu up, 1 1'-, pii-c'i "u'i, Ibe. and up, l-'c; No. '2 salted bulls. 0 lbs. anA tto. 11c: No- 1 green toul's. lbs. and IOC. WO. - greu tfuiia, m.uu up, No. 1 green or salted calfskins, up to i l'l ti!r: No. - green or sanea causKins, n n IS lbs.. 30c; No. 1 green or salted kip skins, X9 IO turn., a-. - wi uin a kins, lit to ou ob., ji'.c ury flint hides, i jus. tmu up. .., m iinr'er 7 lbs.. 40c; dry talt hides. 7 lbs, and 4e- dry salt calf, under 7 lbs.. 34c dry cull hides or calf, half price; dry stag! or bulls. 20c; dry salt stags or bulls, 14c; dry cull stags or bulls, half price; dry faorse nirisi aCCOrUinX - I'.W rv. u4 i.. S4l.il SI. 50 to -.o0 ; saitea nonto uiues, tturuing i size ami taKeoii, rt--n, u 40c; Scy lUort-wooi prui, per pouno, .. v COc; salted long-wooi is mo pe.is. August takeoft, eacn, ..owi.v, o.iau pem, Aueuft takeoff, each. 23; dry sheep i 10.25; light, lS.159r l!; packing, J17.75 UJ Iriines, each. 2.- 50c; sailed sheep shear is.r;0; rough. t17.25ii 17.75; pigs. 16.25 g '" 6075c -atti Kecelpt-t. 20.000: steady to lower. Bef cattle. 10.2.if 13 no: butcher s toe it. cows and heifers. 7.3." fi 13.7a; canners and cutters, $tf.50 n 7.60; stockcrs, 7.75 0 13.75; I calves. S1SU lS.r.O. Sheep Receipts. 4VO0n; about steady; one load prime native lamns. Omaha Livestock Market. OMAHA. Oct. 7. Hogsr Receipts. SflnO; market l.'.c to 20c lower. Heavy, $ 17.. '. 18.25; miTed JflS'a 18.15; light. (IS. 15 18.45; Die-. Slft'jrlJ; bultc or saies, siwais.i. Cattle Receipt. 150; market steady. Native steers, (12.501' l'J; cows and heifers. (7.50 d 12.25; Western steers. (l0l.7O; Texas steers. (8:75 12.2? ; cows and heifers, (7.25 n 1 1.50; canners. (0.25 t 7.25: stockers and feeders, (7 'a 15: calves, (9H 13.50. Sheep Rcfipt, 42,000; market steady. Wethers. (10rll50; ewes, (7.75"f8 75; lambs, (14.20 "a 15.75; yearlings, $11.50412.541 Dili nth T.inaeed Market. Dl'LUTU. Oct- 7. 1-inseed (i763.77. Wool, Mohair, Etc, WOOL Oregon. 360 71c per pound. MOIIA1R L-oug ataple, 6oc; short stable. 40c; burry, 3c. CASCAKA jtSAK.iv ew anu oia, V 13C per pund. TALLU J. x, per pwuim, . O. t 12VjC per pound; frease. No. 1 10c; No. 'Jl 9c per pound. Oil-. GASOLINI3 Bulk. 2ic; engine distillate. bulk, 12e; kerosene, bulk. lOc; cases. 20c LIXPBED Oil itaw. Darren, az.ni; cases. (211; boiled, barreis. (2.03; cases, (2.13. 1 Li KJrr.rs i i n isiikb. oc , cases, f-c Brmsillaa Coffee Markets Higher. NEW YORK. 0V. 7. An opening advance of S points on September carried the market for coffee futures to the maximum pries fnr all deliveries. There were sales of September, but otherwise no business was i reported, except la the way of exchanges Guaranty Trust Company of New York 140 Broadway FIFTH AVE. OFFICE Fifth A... 4 43rd St. MADISON AVE. OFFICE M.rliMm At. Ota St. LONDON OFFICES 32 UaM SbM. E. C Lr. Gi.i...r Pl4 8. W. PARIS OFFICE Rm mm halima. 1 S TOURS OFFICE Raa Erl.aaa Falla. T Condensed Statement, September 10, 1918 RESOURCES Real Estate (140 Broadway, 66 Liberty Street. Madison Avenue and 60th Street) Bonds and Mortgage U. S. Government Bonds and Certificates Public. Securities, including British and French Treasury Bills Other Securities Loans and Bills Purchased Cash on Hand and in Banks Exchanges for Clearing House ' Foreign Exchange Credit Granted on Domestic and Foreign Acceptances Accrued Interest and Accounts Receivable $5,000,000.00 1,595,525.53 80,6239030 94,473,698.93 46,794,659.90 346,509,911.61 100,277,048.62 11,089,447.68 16,687,068.52 49,999,576.23 4.309,476.55 $757,359,703.87 LIABILITIES $25,000,000.00 5,000,000.00 20,000,000.00 Capital Surplus Fund required by law Additional Surplus not required by law Undivided Prof its Bills Rediscounted with Federal Reserve Bank. . . . Due Federal Reserve Bank against U. S. Government Obligations Accrued Dividend Outstanding Treasurer's Checks Foreign Accounts Domestic and Foreign Acceptances Accrued Interest Payable and Reserve for Taxes and Expenses Deposits., t f. $50,000,000.00 2,084,578.51 27,335.847.93 45,000,000.00 975,000.00 7,779,866.41 7,779,587.49 49,999,576.23 3,863,89138 562.541.355.92 $757359,703.87 Daly City California 7 OH TTT. I a ro mo Tax Exempt Denominations SI 00 Sill ssoo Due serially 1 to 10 years Daly CUy' (population SSOOl a reldaif- .Qftmrk of Saa Vrm a io adJalBlna; S.a KniaHir. on the aonth. t lie aly dlrrrtlos fa which Sas r'rasrlir. raa ra pa... Ak for Drscrlptiv. Circular. Phone Brtr- "SI. LUMBERMENS Trust Company CAPITAL AslS SURPLUS MOO OOO Lataberracas Bids. Portland. Ora. HALL 8l COMPANY BUY AND SELL. , Railroad Public Utility Industrial Municipal BONDS TIELDINO 5 to 7 Foreijjn Government Loans Local Securities Preferred Stocks Lewis Bldff. Portland, Or. tr.ivfimv crinr. For Shanghai and (or) .Hong Kong If sufficient inducement offers we may load on the berth from Portland for Shanghai and (or) Hong Kong About November. (About 2500 Tons d. vr.) For rates of freight and further particulars, please apply to F. GRIFFIN & CO., Agents Broadway 1524. Vancouver, B. C, Seattle, Tort land, San Francisco. j t4-,.tJi,p-' Jtl Third tlmt, IW-t. 1 1 . JZt-Sj.EjZjI Waahuiclnn ana AlU.f 1 Mill J. ALASKA Ketchikan. Wranetl. Juneau. Init'n UAinrn. fSksRway. Cordova. Vaide-J, Seward and Anrherase. fSrteelal toamnter Krorlona. Jtound-trlp rstes to all A ImK& points. L.aret ohipn. unequalfJ service, low rat en. Inrlu! 111 berths and meals. Make reservations. Main 14 1 2. 4&storU and Wax Land In bs, A ltt STR. GE0RGIANA ta... Al.r-Rt. rvica at T A. M. allr -c.pt Friday. Rtlurning. Iftvei Aatoria 2 P. M. UNDINa. dally .ic.Pt Suadar. at T:4S A. at. K.turninx. Icarc. Aatoria at T S. at. LCHUNE, dally, .xc.pt EunAay. at lUf. C SL.taralns. l.vu Aatoria at 7:30 . M. ar. Sl.SS Evt Vtu. BAN BA'CI-tO-I.OS ANCELtS low RAT r.s. By fttam.r Tncludinc I.a!a aod Berth. THE BAN r'K rl-0 PORTLAND H. I. t IIMI'AN V. Tickets at ThirU and Waahlnston. r.lrpbo.. VrMd.M .1o. IMaf. S6. AUSTRALIA Honolulu. Sua, Naw ZTanl cmDill 1USTRAUSI11 ROYAL VAIL UtZ Largest, newest. eat-eiTj1ptl stsamera, rr Care nd ssUMncs anpr - asv. rsc ataU tmr, AA Th Ird tt Portia n. wr orai grrli 4a tocjamaas' tatvum, ii. 4 f