Morning Oregonian. (Portland, Or.) 1861-1937, March 21, 1919, Image 23

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Morning Oregonian., March 21, 1919, Page 23, Image 23

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Newspaper Page TextTIIE MORNING OREGONIAX, FRIDAY, MARCH 21, 1919. 23 EY PRICE MAY L BE ALMOST AT TOP Dealers Think Demand for Ex port Will Soon Subside. NEW CROP IS NOT FAR OFF ranged firm at $4.25 a 4.50 fn most leading markets. Trading wu light, at shipping I points. New York Baldwins A2S ruling at $9.30 per barrel a ad ranging $910 per bar- ( rel la most leading jobbing markets, de clining slightly In Philadelphia but hold- ilng steady at $10011 In Chicago. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland 4.42.K.5 S DU.-'! Seattle 7,llu,4. 2,6:t,."l4 Tacoma 1.S41.3U7 15.S13 Spokune l.:i7.40i 4-'y,0&y PORTLAND. MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants Exchange, noon session? -Bid- May Continues Strong at San Fran Cisco Willi Bids Higher Than Last bale. Grain men believe barley prices on the coils t are cow about at tha crest, though the market may go a. dollar or two a ton Ltgher. The stimulus has come from the export demand in California for heavy barley and when that is over they look fo? prices to slide off. The new crop Is only about days distant. The San Francisco market continued strong yesterday with i bid for May and $2.23 asked against aales on the preceding day at $2.22. At the local exchange bids os standard A ranged from unchanged to 50 cents higher than on Wednesday at $4S for March. $4S 30 for April and $4S for May. Feed barley offers were raised $1 to $47.30 for March and $18 for the later months. Oats were the strongest of the eastern grains, bulk white bids being $1.30 higher and clipped up 30c$l. There was little change in corn. Offers for sacked oats were $2 over the day before. Advices from Walla Walla are to the effect that the heaviest rain In months fell Tuesday. This has cut the seasonal deficiency to less tiian an Inch. Wheat men any there la now sufficient moisture fcind what is now needed is good growing weather whl'-li will make prospects unusually good. Weather 'conditions in the middle west, as wired from Chicago: "Minneapolis clear. Duluth clear, fine. Winnipeg clear. -above, balance of grain belt clear and fine all over. Forecast: Partly cloudy, little chanae In temperatures." tirain bag dealers report a small amount business passing. The market is fairly steady at 11,rll'3 cents. Terminal receipt, in cars, were reported l-r the Merchant's Exchange as follows: Portland. Thurs Year ago 1' season to tiate.'t-'o T.-tr ago Tacnma. Wed.. . l:: Tear ago 7 Season to date. 4t2'. ear ago 4t, Seattle. Wed Tc.tr ago Season to iate.1f7: Tear ago r.: WheAt Barley Flour Oats Hay rrH Mi 1 m l'-'lS 1 4n 27 SO 177t 1 i: inftt 142 2:t2H BITTKR PRICLS ARE NOT O I FORM More City 1 reamer ir Line I p at Higher iuotution. Mnre of the city creameries advanced to the higher print quotation of M cents yes terday and others announced their intention to go up today. Only two of the larger plants held at the lower price of r.ft cents, though In sections of the city where there was competition the latter price prevailed on practically all brands. Cubes were quoted f.rm at M cents for extras. Local butter receipts on Wednesday as reported by the Bureau of 'Markets were: Found. fiW .-::t 1 2;;i Oricin f'attfornia . ;recn Washington Total SiOS Receipt to date were 36,3.12 pounds against 20.309 pounds on the same days last week. Since March 1 receipts have been 1"-i.;o pounds. The supply of fresh butter n the Port land market . yesterday was 270 boxes and .; cubes as compared with 22 boxes and r.!K cubes on Wednesday, 249 boxes and ;! tubes on Tuesday and 201 boxes and 714 cubes on Monday. The movement out of local storage Wednesday was 3422 pounds and the supply of storage butler on hand yesterday was 11.20 pounds. Portland cheese receipts Wednesday were 311 pounds from Oregon and 1170 pounds from Washington. March. April. May. fTats No. 2 white fd 45.00 es.uO barley tu.ndurd feed. . ..47.30 4MW Barley Standard "A." 45.UO 4t.iO 4&.00 Eastern oats and corn, bulk Oats No. 3 white 40.VU 40.00 46.00 No. 38 clipped white 4t.uo 4fi.to 47.30 Corn No. 3 yellow 3S.30 &S.30 3a. 30 Corn No. 3 mixed 3d.uu 3S-00 37.30 WHEAT Government basis, $2.20 per bu. FLuL'K Patents, $11.03 per bbl.; bakers', $10.7U0 103; whole wheat. $9.3&10; gra ham, $'j.63'i y.stt;- m hole wheat, $i.'s3& 10.30. MILLFKD Mill run, f. o. b. mill, carious. $40 per ton; mixed cars, $40.30; ton lots or over. $42; lesa than tons, $43; rolled barley, $,V.'V34; rolled oats, $3333; ground barley, $32 y M. CORN Whole, ton, $6466; cracked, $06 6S. HAT Buying prlcett, f. o. b. Portland: Eastern Oregon timothy. $30 4? 32 per ton; alfalfa, $23.30; valley grain hay. $26; clover. $2627; straw, $'jrU. Ialry and Country Produce. BL'TTEK Cubes, extras. 5tic per pound; prints, parchment wrappers, extra, box lots, 3'JfiOlc; cartons, 6ot62c; half boxes, He mare; less than half boxes, 3c more; butter fat. No. 1, 00 1 61c per pouod, station. KtlGS Oregon ranch, case count. 39 candled. 40r41c; selects, 4243c. CHEESE Tillamook, f. o. b. Tillamook: Triplets, 32c: Young Americas, 33c; Coos and Curry, i o. b. Myrtle Point, triplets, 31 Sc; Young Americas, 32 fee; longhorns, 32 fee. POULTRY Hens, 32'33c; roosters, JSc; stags, 21c; ducks and geese, nominal; tur keys, live. 343&c; dressed, 41tf-ft5c. VKAL Fancy. !! -tie per pound. POitK. Fancy, -i Vc per pound. Fruits and Vegetables. Tocal jobbing quotations: FRUITS Oranges. navels. $4.50 6..0; lemons, $4,255 3.73 per box; bananas, bfe lc per pound; apples, $24 per box; grape fruit. $3.7uf S.2.V. VEiiETABLEri Cabbage. $2.10 3.30 per 100 pounds; lettuce, $3.303.23 per crat; peppers, 43c per pound ; celery, $9'i 11 per crate; artichokes, $1.6.1; cauliflower. $2.23 4i 3.30 per crate; squash. fec per pound; beets, $2 23 per sack: carrots, $2 per sack;; turnips. $2tf2.2ier sack; cucumbers. $2.23 per dozen; tomatoes. $4 per box; spinach, $1.23 per box: peas, 20c per pound; rhubarb, 12Iacttl3c per pound; asparagus. 7fef3oc POTATOES Uregon imrnannp. .muti. $1.301.63; Yakima, 91.50? I. to; sweets., 6 rents. ON IONS Oregon, jobbing price. per sock. Staple Groceries. Local lobblns quotations: SCO A R s5.uk basis: Fruit and herry. $3.33; best. $0.32; extra C, $0.1o; powrterea iu barrels, $10.23; cubes In barrels, $10.4-. NlTTi- Walnuts. 27 V "3c; Brazil nuts, ,2e; filberts. 2Sc; almonds. 24'(30i: peanuts, 13c. SALT Half-ground, 10O. $13.00 per ton; 30s. $17.23 per ton; d:ilry. $23 per ton. KICK Unbroken. 'llc per pound. " BEANS Jobbinr prices: White, 3H lOfec: colored, b-rOc. COFFEE Roaster, in SPEM10H -IS HALTED MONEY 31 ARRET DEVELOPMENT AFFECTS STOCK TRADING. Suspension of Sterling Exchange Purchases Regarded as of Far Reaching Importance. NEW YORK. March 20. There was a de cided halt in the stock market today, both in the upward movement of prices and vol ume of trading, due largely to foreign and domestic monetary developments. Announcement of the suspension of sterling exchange purchases In this market for account of the British government after some three years of stabilization was re garded as an event of far-reaching impor tance and precipitated a sharp orea in rates between this center and London. Yet another marked deterrent was prO' vlded by the uncertainty which surrounded the meeting of the leading steel manufac turers with representatives of the admin istration at Washington. Up to the mar ket's close Wall street was without defintie news on this subject. Such shares as United States Steel, ma rines and other shippings, otis, the several distilling issues, equipments and tobaccos made uo tbe irreat bulk of today's deal ings, but extreme Irregularity marked their course after the moderately firm opening. KhIm nmnuntPii tn HT.t OOO shares. Heaviness of tractions and easier trend to internationals and uncertainty in liberty issues marked the tnadlng in bonds. Total sales, par value, were $ll.u0.000. Old United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. drums, 23 40c. picnic, compound. '. standard, 42 t U V HEAT 1. sports From MRPL18 IN Are INDIA Not Coming Crop looked For. Crop conditions in India and Australia are cabled by Broomliall as follows: India Official reports confirm tbe In dicated outturn of wheat on Irrigated land will probably be normal, but on unirrigated oil the yield la expected to be much less. There is little hope that any wheat will be exported from the coming crop. However, tome moderate quantities of barley are being exported and it is believed this grain would not be allowed to leave the country unTrs harvest prospects were considered ery fair cn the whole. Australia Mea y rains have fallen over a fafnly w Me are;i. This moisture should gtc abundant 'cattle supply and put the land in good condition for plowing. Num erous claims are being made that wheat growing is not profitable at the present time and it Is announced that the govern ment is preparing to help where assists net Is needed. Argentina Shipments this week estimated at 1 3.(HM) bushels wheat. J.OOO.OOO bushels corn and 6 bushels oats. NOT OUR 1 CARS OF ONIONS LEFT tttJee Are Matte at M at Country Pointi. J'otatom Steady. T.iere Is a fair wire Inquiry for Oregon onions and the unsold stock of 13 to IS cars is expected to be disposed of soon. The :ulet carlot vales have been made at $4. loading paints. Among the shipments were two cars to Chicago and oi.e to ttockton. The Jobbing market was quiet esterday. with two cars received. Holders aked $3 for fancy unions and from that down to $3 ft 4 for ordinary grade. There was a moderate country movement In potatoes, wit.i buyeis paying around $1.23. Four cars were shipped to Stockton. Job ber asked $1.301.63 for the best Burbanks and $1.0O1.73 for Netted Gems. Two cars uf Washington potatoes arrived on the market. Provision. t a.i Ahhim o notations: H AM S A 11 sizes, choice, S7H?;3Sc: stand ard, CtO1 t 37c; skinned, Sic cottage roll. 3:'.c. T.ir rir-e tiasis. 20c nnv SALT short, clear backs, 27ii3:c; plates. 23 23c; exports. 30c. BACON Fancy. 4Uii 31c; 43c; choice, 33 t 4Qc. Hop. Mobatr, F.tr. HorS Oregon. 191S crop. 3S?40c per pound: 1919 contracts, 30c per pound. MOHAIR 1H19 clip. 40C per pound. TALLOW No. 1. 3c per pound; No. - 4c per pound; grease. No. 3, 3c; No. 2. 3c per pound. . CASCARA BARK Old. 13c per pound. oils, G VSOLINE Bulk. 21c: engine distillate, bulk, 13fec; kerosene, bulk. 11 c; cases, 21 ' c LINSEED OIIj Raw. barrels. $1.S0; cases, $L0O; boiled, barrets, $LS2; cases, $1.92. TURPENTINE In tanks. S'.c; eases, 90c. Hides and Pelts. HIDES No. 1 salt-cured hides. 30 pounds and up. 13c; No. 1 part-cured hides. 3o pounds and up, 11 fee: No. 1 green hides, 30 pounds and up, loc; ?o. i sau-cureu ou.is. 30 pounds and up. 10c; No. 1 part-cured bulls, 30 pounds und up, ffec; No. 1 green bulls. 30 pounds and up, 7c. Tho price on No. 2 hidea is- Jc per pound Its than for No. 1 of same kind. No. 1 calfskins up to 13 nounds. 30c: No. 2 calfskins up to l.i pound 2(: No. 1 kip. 13 to 30 pounds, ISc; No. 2 kip, 13 to 30 pound. 10c; dry flint hides. 7 pounds and up, 27c; dry filnt calf, under 7 pounds. 21c: dry sajt hides, 7 pound and up, 22c: dry salt calf, under 7 pounds. 32c; dry cull hides, half price; dry flint stags or bulls, ISc; dry sa;t stags or duiis. ic: ary cull stags or bulls, half price; dry horse hides, according to size and take-off, $1.30 to $2.30 each: sslted horse hides, $3 to $3. PELTS Dry long-wool pelts, per pound. 20c: salted long-wool pelts, $1.302.30 each; dry short-haired goat skins, each, 33c to 73c Am Beet Sugar. American Can. . Am Car & Fdry American Loco. Am .Stn & Hetg. Am Sugar Refg. Am Tel & Tel . . Anaconda Cop.. Atchison A G sWISSL Bali & Ohio ... Bethlehem B. . . HAS Copper . . Calif Petrol "... Canadian Pacif. Central Leather Ches & Ohio . Chi M & St P. . B.2HO Chi & N W 200 C R I & P ctfs. 12.000 Chtno Copper . . oo Colo Fu & Iron. ttoO Corn Prod Refg 80.200 Crucible Stee! . . 6.2no Cuba Cane Sug. 3,300 Distill Securities 17. loo Erie General Electric . . iieneral Motors. Ot Nor p;d O N O ctfs ex dv Illinois Central. Inspir Copper . . Int M M prd . .. Inter Nickel . Inter Paper . - -. Kenhecott Cop.. Louis & Nash . . Maxwell Motors. Mexican Petrol.. Miami Copper .. Missouri Pacific Montana Power. N Y Central . . . N V N H & U. . Sort Ac West . .. Northern Pacif. Pennsylvania . . Pittsburg Coal . Ray Consol Cop. Reading Hep Ir & Steel.. Shut Ariz Cop. . Southern Pacif. Southern Ry - Studebaker Cor. Texas Co I'nlnn Parl'lC .. IT S Tnd Alcohol 23, U S SteH . do prn Ctah copper - .. West I n ex div. Westing Electric 300 14.2O0 J, BOO 4MJ 3.4O0 7.4O0 O0 3,000 3 O0 0.1ot 0o0 S.100 7O0 1.40U GOO 2.2O0 4 o0 700 IS. 300 1.400 2,000 HS.700 1.0"0 3 200 1.0O0 " Y.3M0 41.3O0 3oo 3,M0 400 r.oti 2. .".on 300 3.000 6.1O0 70O 200 5.OO0 1.0IM) 'JOO 7,300 fo0 IC.OtiO . 3.00 3.HOO 1)1.000 l .ono :.oit 7.700 Closing 1. High. Low. Bid. 70 1 74i 74 40 47 4S !0 Ml ; N'Ts 07 00 00 67 07 324T 121 3 22- l(4-n 1U4 lo4U HI 00 00 !2 J2 H2 IHH4 113'i H37i 4S3 4 4S i;tp 03 63 2i 20 20 101 1011 3W 72 70 71 r.8 3 r.s 3S 37 37 Ittf P3 t 24 24 24 '-J 34 33 33 43 42 42 33 33 34 Vi 07 63 03 24 23 23 60 04 V, 04 17 16 10 137 162 13S 100 113 02 i 02 41 40 4o . . :is 47 fiH 114li 11o 111 23 23 23 46 U 43 43 30 20 2!v . :ts 33 ::a lJ3i 11 1S3 22u 22 24 24 24 ::rl 2! 20 104',- 104 101 l2 i2 44 4:i7 43-, 40 4S-a 4S 10 1 10 sr. s:: 4 S2 SI t4 M 10 10 10 102 1"I " I"1 2S 2S 2S 63 61 61 212. . 212 1 -h 12S 12 34. 140 3 42 00 SI4 03 ll. 71 71 71 ' S7-; 87 S7 47 4ii ;b 47 Bid. BONDS. ns tu s 4s eon S (Atchison Ken 4. s; I Anglo-'Krem-h 3s s: D & R ii ref r.s. I03 IN T C deb 6s. . nil W'N'o Pac 4s r 4.:::: -:.::t4;pc t t U S ref "s res. i: S ref ecu. XT S "5 res i; s crtu i; S 4a reg 17 S l.i" 10.-. SS ,7.? coniiii t.4:-J4iP-n cnn4.A... j; z IS:?, ' i-rs.lA0.'.-: 5 a" 4th a.7s:so po 5s.... Hid. RiHtnn 51 (nine Stncks. TJOKTON. March JO Ciosinc quotations: Km"...... U'iiOKl Dominion .. JJ'.i t-al & Ariz r..tailiPCeoia ral i- Hecla ...o'.ll ljuin.y tpnniiLl - 04 siinerior - Cap K C Co ... 3!.4'Slip tiost Butte C Mine t,,Snannon l a !.ake i-opper .. SHiUreene Cananea. 4J Mohawk - I ACREAGE CUT 3D FEB CENT DIG REDCCTIOX IN" STRAW BERRY AREA IX V. S. Kfir. I'lrra and VBchanicnl. EsFd were firm and unchanged with all casli buyers paying CIS'i rents. Local re ceipts 00 Wednesday were 710 cases, as loliotts: Kxp. Fre'ht. Orisln Idxho rKn ... AN atflilnfton 5i: ID 4; Total in it;e Poultri' receipts wore small and with the demand good, the highest prices of the sea son prevailed. Heavy hens sold at 54 93rc and light hens at S2&33C. The pork market wal firm, while veal was very weak. North Coat Floor Oat put Lighter. The flour output of Portland, Seattle and Tacoma for the six months ending March 1, 1919. and for the corresponding period last year. In barrela, follows: Portland Tacoma . Seattle .. TT:t M " I5." 7iu.ll7 ini5. '.J.441 l74.7tl4 ti-.HJ.SK5 Total 52.60S 2.J32.J00 Few Apple. Now Available. The apple market was unchanged with a fair demand and light supplies. Extra fancy TCtnesapa were quoted at $3.7594. extra fancy and fancy Home Beauties at 13&3.G0. choice yellow Newtowns at $2.M3 and cookers at 9292.25. One car of Oregon applee was shipped to New York. "orttawea'.ern cjkira fancy boxed AYlnesaps j Total Estimated at 58,1M Acres Against 83.139 Last Year Small Gain In Oregon. According to the advance figures of the Bureau of Crop Estimates, the strawberry acreage of the country will be reduced ap proximately 30 per cent this year. It is -xje-tcd that oniy r.s.l.'u acres will be cul tivated, whereas S3. 139 acres were grown lat yeur. 107.000 acres In 1917 and lt'9,,19S In 191. The reduction la general In all ihe berry-gwine; sections except California, Michigan. New York and Virginia, and none a thtm shows any decided Increase. In the ht-avy producing Ktate Louisiana and Ten nesee record the' greatest cut. Oregon is credited with a slignt Increase over last year, with 44t acres, but it is such a re duction from tts 1916 record of 31 S4 acres thut the Industry la nearly abandoned. New Tersev has fallen also from 5015 acres in 1910 to 3340 last year and to only 21 acres for this season. Tho preliminary estimate of the straw- S:ate Alabama Arkansas California IH'lumare Klorida Illinois Kentucky I.oui:ana ...... Maryland ...... M ich igan ...... Mississippi Missouri New Jersey .... New York North Carolina Oregon Soulh Carolina . Tennessee Texas Virginia Washington . . . "Totals follows: 1917. 191. 1919. 2.290 2.077 1.190 11.700 losfia R.ioo 4 210 3.S0O 4.OO0 7io r.01.1 3.920 1.310 7O0 2.820 2.::i9 1.490 3l"0 3.:ist s.ino 15.7SO 12.770 8,940 ll.l'JO 8.12.-. 6.273 1.530 l.."0 1.S20 1.150 1'2S K3.-I 3.300 6.170 4.597 4.010 3.310 24 2 520 1.072 1.521 3,330 2,S 2,000 R70 445 1 ISO 850 SttO 13 870 9.42H 6,102 2.1O0 913 303 6.650 1.29S 50 880 , 107.000 83.139 58.1."9 Totals include acreage of other states too small to list. The latest reports from the California dis tricts follow: Southern section The strawberry acreage here has been greatly reduced. Gardena-Mobeta district The preliminary estimate here is 700 acres. Fifty-nine cars wore shipped from this district last year, the carlot movement starting April 16. The demand for cannery stock is strong this year. San Francisco district Strawberries are appearing in the market. Carlot shipments are expected soon. Scarcely any new acre age la planted to replace the . worn-out fields, but tho crop Is expected to be fully as large as last year. TVe pay 23c for top block pork. We pay l"c for top young veal. We pay less for Inferior stuff. AVo never charge commission. m,k I Smith Meat Co. ;U8 Alder St.. Portland. Or. Adv. COAST AND KASTERN DAIRY I'RODICB Mutter Starket Conditions at Leading Dis tribution Points. Eastern and San Francisco trade reports received by wire yesterday at the local of fice of bureau of markets: sa Francisco Considerable trading took place today with prices generally unchanged. An unsettled condition is apparent with many dealer, hoping for a sliahtly lower market and a better movement of goods. Slocks on dealers- floors were heavier tills morning but no attempt la being made to withhold butler for a better movement, tiouie outsido shipping: took place today and some export demand Is reported A ester days receipts amounted to 64.900 pounds. 93-score. 08V2C. ..,., Chi. ago Prices advanced again tooa with continued light receipts and excellent demand: 92-scoro solit. generally at b4V cents with, one lot at 65 cents. The market ia in a firm condition with an undertone ot uncertainty and dealers are anxious to keep stocks well cleaned up. Centralized carlots sold at til cents with a few cars available for trading and demand was ap parently good. Receipts amounted to only 2237 tubs and the out-of-atorase movement 128.091 pounds. New York There was a rather limited volume of trading today, due mainly to the very light supply and a less active demand. This morning there was a very good demand which diminiflied as the day progressed and in the afternoon there was very little Inquirv. This morning's prices advanced 1 cent with a very firm confident feeling In the market but this afternoon in a number of houses, there was noticed an uneasy and somewhat nervous feeling. There is no ex port buying at the present time and there is reported considerable decrease in con sumption. But few houses had the strong confident feeling of yesterday. Receipts yesterday were "33 tubs. Storaso holdings were reduced about 1300 tubs, while street stocks this morning were over 5000 tubs lighter; 92-scorc. j7M!c; SAX rRAXCISCO PRODUCE MARKET r rices Current on Eggs. Vegetables, Fresh milts. Kte., at Bay City. SA- FRANCISCO, March 20. Eggs Fresh extras, 42 He; 40V;C . Cheese New firsts. Young Americas. 43c. Poultry Hens, large, 3BS3ic: small. 38 04Oc: strictly young roosters, 45G350c: broilers, 60'55c; fryers. 4050c; geese, 29 ftfSlc: turkeys, dressed, 40042c; pigeons, 2.253; squabs, 6065c. Vegetables Asparagus, lOlZJl.'c: celery, 57,O0f(i 8.50: cream squash. U0C& S1..00; to matoes, S2.DU8?a.uu; lettuce, Ajos Anjeies, $3.50: Watsonvllle, not quoted; po tatoes, cental netted gems. $2,000)2.15: rivers. $1.5OGi2.00; sweet, $4.004.25; onions, S3.75i 4. Ou; green. 125; cauliflower, 80 85c; green peas, 10$ille: rhubarb, S2&2.50 Scbaatopol. and l.50lS1.75. Los Angeles; sprouts, 6Sc: mushrooms. 25' 50c; spinach, 75e '1! 1.50; cucumbers. $44.25: beans, Florida, 40?i"50c; carrots. $1.752.00; French. $2.002.50; beets, 1.50lg2.00; tur nips, $1.501.75; garlic, 504t75c Fruit Lemons, $3.004.00; oranges, navel, $3.503&3.0O; tangerines and mandarines. 3.5041 4.00; grapefruit, $2.2508.50; bananas. 0d?7c; pineapples, $4.00i5.00; apples, Newtown Pippins, $3.253.50: OregOE, Spitzenberg. $3.253.50: pears. Winter Nellis.J .5 S.VV 3f i.liu ; loquaLS, jviav jjuumu, airdiw berries. $3. Receipts Flour. 56S0 quarters; barley. 3120 centals; onions. 7S sacks; potatoes, 8022 sacks; hay, 642 tons; hides. 1016; beans, 2492 sacks; wine, 91.900 gallons. A RECORD PRODUCTION OF MEAT Output Last Year Xever Exceeded by Any Other Country. WASHINGTON. March 20. Lnder the stimulus of war-time demands, meat pro duction reached the enormous total of 23. 366.000.000 pounds last year, which the de partment of agriculture announced today "undoubtedly never betore had been at tained In thla country and certainly not in any other country by long odds." "Meat producers met the war situation magnificently in 191S," the department said. "They increased meat production in one j year by 24 per cent and thus made pos t sible an increase of national meat surplus in one year by 7ft per cent and an Increase In per capita consumption by 17 per cent. Notwithstanding the very high prices of meat In this country in 1918, and with prices rising above 3917, a large fraction of the population must have greatly in creased its meat consumption In that year." Meat production showed an increase of almost 5,000.000.000 pounds last year com pared with 1900. Beef production in creased almost a billion pounds, totaling 9.797,000.000 pounds; pork production reached 13.011.000.000 pounds, an increase of more than 3,000,000,000 pounds over 1917 and of 40 Per cent over 1900 production per capita of production was 93.2 pounds last year, compared with 117.9 pounds in 11(00; of pork 123.S pounds compared with 122.2 in 1900. The national surplus of all kinds of meal was 2.45S.000.000 pounds in 1900, while last year it was 3.027.000,000 pounds or nearly double the surplus of 1917, PRICES' STEfiDY AT YARDSi FAIR DEMAND FOR AIX CLASSES OF LIVESTOCK. Money, Exchange. Etc. NEW YORK, Ma rich 20. Mercantile pa per, unchanged. Sterling, day bill, unchanged; demand, $4. 71 y ; cables, $4. 72 H Franca, demand, u.tiU; cables, 5. OS. Guilders, unchanged. Lire, unchanged. Mexican dollars, unchanged. Time loans, easier; 60 days, 545; 90 days and six months, 5 Call money, strong; high, 6: low, 5; ruling rate, 6; closing bid, 6; offered at 0 last loan, 6. After the close of the market the fol lowing rates on sterling were Quoted: 60 day bills. 4.6S: commercial 60-day bills on banks. 4.67; commercial 60-day bills, 4.6"i4 ; demand, 4.70; cables. 4.71. LO.VDON, March 20. Money and discount, unchanged. Record Price for Hereford Ball. CHICAGO, March 20. What was declared to be a world's record price of $50,000 for a pure-ored Hereford bull was announced today by J. B. Ferguson as having been paid by Ferguson brothers of Canby, Minn., for Richard Fairfax, a 5-year-old regis tered animal. The best previous American pric was $: 1,000 for Ardmore, sold by W. L. lost to V. R. Pickering, both of Kansas City. Mo. Richard Fairfax was raised by Warren T. McCray of Kentland. lnd He was 0 years old last November and it is be lieved he is the best Hereford bull in the world. His weight Is between 2400 and 2o00 pounds. Food Prices Are Declining. WASHINGTON, March 20. Although food prices snowea a decline of 6 per cent dur ing the month ending last February 13. the prices were 9 per cent higher than those prevailing in February. 191S, and about 7. per cent higher than the Drice averace of Price statistics for last month, announced today by the department of labor, showed that 26 of the 41i articles listed were cheaper in February than in the preceding month. The marked decreases wero eeiis. S3 ner cent, and butter, 1J per cent. Potatoes led me jj articles showing an increase by ad vance of 25 per cent. New Orleans Sells Coffee. NEW YORK. March 20. There was con siderable business at the opening of the market for coffee futures today. Brokers with New Orleans connections were sellers and some of the local traders were Inclined to connect this with reported arrivals of 400.000 bags at the southern port. Closing nias: .May, lu.o.c; July, I4.4yc: September. 14.1 7c; October. 1 4.07c : December. 13.8c : January, 1.1.87c; March 13.87c. bpot cofiee quiet; Rio 7s. lyc: Santos 4s. 21Hc. Naval Stores. SAVANNAH. Ga March 20. Turnentine. firm, 64 C(i70c; sales. 57S barrels; receipts, 10 barrels: shipments. 10 barrels; stock, 23.405 barrels. Rosin, nominal; sales, none: receipts, 59 barrels; shipments, 108 barrels; stock, 6rt, 10 barrels. Quote B, $13.10; D, E, $irt.l.r; F. $13.20; O, $13.20; H. $13.30; I, $13.0",; K, $15.70; M, $16.25; N, VG, $16.30; WW, $16.70. ARGENTINE CORN CHEAP FREE OFFERINGS WEAKEN MARKET AT CHICAGO. Tone at Close Is Unsettled Oats Advance Without Difficulty; Pro vision Buyers Hold Off. CHICAGO. March 20. Weakness pervad ed the corn trade most of the time today, larxelv as a result of free offerings of Ar- coutine corn at cheap prices. The market closed unsettled 1 cent net lower to c advance, with May $1.43 to ?1.44V,, and July S1.3.V4 to 51. Oats gamed 1 ent to ISc. In provisions there was a set back of 2."c to Sr,c. Oats advanced without difficult!-, as tney wer? to be had for half the price of corn Buyers of provisions held off pending the outcome of an official conference re' garding hog prices. Leading futures ranged as follows: COHS. Bulk of Hos Sales Are at $18.25 to $18.35 Buyers Pay $16.50 for Good Lambs. There was a fairly active market at the stockyards yesterday with a run of six cars. The market on the whole was steady without change in price. The bulk of hogs sold at 18.2518.S5 and lambs sold up to $10.50. There was Jittle doing In the cattle division. Receipts were 26 cattle, 593 hogs and 10S sheep. The day's sales were as follows: Wt. Price.l Wt. Price. 11 cows ... 770 t 7.00! 3 hogs ... BIO JIG. 00 lcow 750 5.001 Shoes ... 141 li.J-3 lcow".... 970 10.00173 lambs .. 64 15.00 Scows ... 770 4.00:3 iambs . 74 lo.OO 1 heifer . 900 11.731 9 lambs . . 110 16.50 1 heifer .1010 12.001 2 cows . . . 930 10 00 1 steer .. 970 13.00! 1 cow .... 940 3.50 1 steer .. 970 12.50l"7 hogs 1SS 1S.25 1 steer ..1070 13.751 2 hogs ... . 8J0 I.i5 1 bull ...llu'O 7;00 4 hogs 245 li.jiS 45 hogs ...-1S5 1S.35'!1 hogs 2-tt 17.00 SO hogs ... 1S8 18.25 7 hogs 3 JJ.50 26 hoes ... l.lti 17.001 S hogs 1S3 1S.00 03 hogs ... 118 10.501 5 hogs 1S4 li.i. 1 hog 080 10.251 Prices quoted at the local yards follow: Cattle . . Best steers $13. 00 14.011 uooa to choice steers Medium to good steers Fair to good steers Common to fair steers Choice cows and heifers.... Good to choice cows, heifers Medium to good cows, heifers... Fair to medium cows, heifers... Canners Bulls Calves Stockers and feeders.... Hogs Prime mixed Medium mixed Rough heavies Pigs Sheep Prime lambs Fair to medium lambs.... Yearlings Wethers Ewes '. 11. 50 12.50 10.00ffll.00 0 00 10.00 8.00 "v 9.00 10.50 P 12. 0') 9 OO'ftlU.dU 6.00 7.5 S 00O 7.04 S.50S 5.00 6.0001 S.50 M.50 4r 14.00 7.00 010.09 18.25 is 18. SO 17.90 Si 18.15 16 00 li 17.00 15.0016.00 16.00 17.00 14.00 fe 15.00 11.00 V 12.00 9.00 310.00 B.50 a 10.5(1 Chicago Livestock Market. CHICAGO, March 20. (United States bu reau of markets. )' Hogs Keceipts dJ.uuu, fully steady with yesterday's close. Bulk of sales, S19.35 19.70: heavyweight. 1!).G5 6C19.SO: medium weight, flv.DV&iw.iu: ngni weight, 1S.S519.5; light light, $17.50 18.75; sows, $17.25 g 19.00; pigs, $10.75 17.50. Cattle Receipts 15.000. Choice, butcher. she;stock and best steers, steady: others and calves, mostly 25 to 40 cents lower. Heavy beef steers. $11.7520.20; light beef steers, $1018.75; butcher cows and heifers. $7(15.25; canners and cutters, $5.5010; veal calves, $1417; feeder steers, $9.25 15. Sheen Receipts S000: marRet slow, nrst sales steady; most packers bidding lower. Umbs, 84 pounds or less. $18.Jo&l; oo pounds or better. $18.50'20.90; culls and common, $15.50(it 18.25; ewes, medium and good, $1215; culls and common, $6.25 11.25. Omaha I ivestock Mirket. OMAHA, March 20. Hogs Receipts 10,500; market Vc lower. Heavy, $19.15S 19.40; mixed, $1 S.90 19.10; light, $18.75 19.25; pig. $12.505117.50; bulk of sales. $S.90S19.-'0. Cattle Receipts 4200: market 15 to Z5C lower. Native Bteers, $13& 18.45; cows and heifers, $14.356 17.50; western steers, $104 ltj.25; Texas steers, $9Si;l3.50; cows and heifers, $712.50; canners, $5.256.75; ttockers and feeders. $6.50 jilfi.flo; calves, $-S'a 14; - bulls, stags, etc., $ll'(11.50. ;heep Receipts 10,500; market steady to 10""?20c higher. Culls. $711; wethers. $11.5015.50: ewes, ,11 &. 14.35 : feeding lambs, $10iSlS.75; Iambs, $19.2520; year lings, $1081S. Open. High. T.ow. Close. Mar $1.424 $1.44N. $1.40-!4 $1.4:'.T July 1.34U 1.35 l.o2 l.'-iu'A OATS. M.iv ' l!"'T r,r,:K July o:'.1 .i5!s -02- .Oj . MESS PORK. Mav 45.65 45.75 45.25 " 45.35 July 42.65 42.75 42.30 42.40 LARD. yjy ..2S.05 28.25 28.00 28.10 juiy 27.50 27.62 27.40 27.50 SHORT RIBS. t May 25.20 25.27 25.07 25.15 July 23.97 24.12 23.92 24.00 Cash prices were: , Corn N'o. 3 yellow, $1. 521.53; No. 4 yel low f1.4SSll.50; No. 5 yellow, $1.45 1.46'i. Oats .No. 3 white, 83 it Hi 65 Vj c ; standard, 65 1v 06c. Rye No. 2. $1.64 0 1.64 i. Barley 95c$1.04. Timothy $7si10. Clover Nominal. Pork Nominal. Lard $28.35. Ribs Nominal. S3 9 Minneapolis Grain Market. MINNEAPOLIS, March 20. Barley, 96c. Flax. $3.813.82H. Grain at San Francisco. SAN FRANCISCO, March 20. Flout; $11.50 per barrel. Grain Wheat, federal bails, $2.20; whit feed oats, unquoted; California yellow corn, $2 1562.25; barley, feed, $2.22i4 62.25. Hay Wheat or wheat and oats, $1920, tame oats, $20; barley, $15617; alfalfa, S15(;i'lS; barley straw, 50-r30c. ideals Alfalfa, $32&54; cocoanut, un quoted. ' - fresh extra pullets. unquoted; Oregon HIGH TRICES ALARM HOOTEn Removal of Federal Control Declared Men ace to Whole World. NEW YORK, March 20. X cablegram from Herbert Hoover, director-general of the international relief organization, expressi-ng regret that this country had abandoned sta bilization of hog prices and urging continu ation of stabilization in sugar, cottonseed products and wheat, was discussed at a meeting here today .of officers of the food administration. Pointing out that hog prices had risen since the stabilization plan was abandoned two weeks ago. Mr. Hoover's message as serted that if the only foodstuffs now con trolled are thrown upon the market "with out any steadying hand," the dire need of the -world may produce further dislocation and place an added burden on American consumers. YAKIMA FLOCKS ON THE INCREASE Sbeep Company Nets Aerare Weight of 11 Founds Per Fleece, TAKIMA, Wash., March 20. From 2400 ewes in a band of the Yakima Fheep com pany, which is the first to be reported as completing the lambing, period, the com pany has 2900 Iambs, or 120 per cent in crease. The company also has finished shearing a band of 2400 and reports an average weight of 11 pounds per fleece, and wool of excellent quality and unusually clean. Metal Market. NEW YORK, March 20. Copper and Iron, unchanged. Lead, easy; spot, 5.15'J5.30c; March, 5.15 5.25c. spelter, firm: East St. Louis, spot and March, 6.12B6.22C. Dried Fruit at New York. TEW YORK, March 20. Evaporated ap ples, quiet; prunes, in good demand; peaches, scarce. New York Hugar Market. . NEW YORK. March 20. Sugar, unchanged. Seattle Livestock Market. SEATTLE, Wash., March 20. Hogs Re ceipts 170, steady. Prime. $18.oO;lS.75; medium to choice. $18.2518.45: rough heavies. $16.25.f. 10.75; pigs. 10.25SI17.75. Cattle Receipts 214. Finished steers and cows steady. Best steers, $ll.50(a i-4.ou; medium to choice steers, $10.50(ill; common to good steers. $7l0: best cows and heifers. $8 12 ; -common to good cows and heifers, $6&10; bulls, $6'g9.50: calves, $713.50. Eastern Eggs and Cheese. NEW YORK, March 20. Eggs steady, unchanged. Cheese strong; state wnoie milk iiats cm- rent make specials, JAZri dJ'tc; auto aerage run. 32 33 ft c. CHICAGO, March 20. Eggs lower: re ceipts, 12,163 cases; firsts, 38c; ordinary firsts, 374 3Sc; at mark, cases included, 3S3Sjc. . Cotton Market. NEW YORK, March 20. Cotton Spot, quiet; middling, 28.45c. IJnluth Linseed Market. DULTJTH, March 20. Linseed, $3.S3Vi. 6 Gold Notes City of Edmonton This issue of Bonds is one of the most attractive ever offered by Morris Brothers, Inc. The Bonds are dated February 15, 1919, and are due on February 15, 1924, in terest payabje 15th of August and February of each year. The City of Edmonton is the capital of the Province of Alberta which has an area of about 225,000 square miles, and an estimated population of 600,000. You cannot find a Better or More Attractive Issue of Bonds offered on any market. PRICE: PAK AND ACCRUED INTEREST LIBERTY BONDS If you must sell your Liberty Bonds, sell to us. ' If you can buy more Liberty Bonds, buy from us. We buy and we sell Liberty Bonds at the market. YOC CANNOT DO BETTER YOU MAY' DO WORSli On Thursday, March 20, we paid the following prices for United States Government Liberty Loan Bonds, which were the closing New York prices plus accrued interest. 3 Vis 1st 4s 4s 1st 4 Vis 2d 4ia 3d4Vs 4th4is 99.97 95.31 95.14 95.37 95.23 95.16 95.54 In purchasing Liberty Bonds we deduct from the above price 37c on a S50 Bond and $2.50 on a $1000 Bond. In selling Liberty Bonds we charge the New York market price plus the accrued interest. Ask About Our Partial Payment Plan Burglar and Fireproof Safe Deposit Vaults SAFE DEPOSIT BOXES FOR RENT MORRIS BROTHERS, Inc. The Premier Municipal Rami Tloune 300-311 STARK STREET, BET 5TH AXD 6TH ;not'XD FLOOR) Telephone Broadway 2151. KKlnbl.Nheit Over "Year. Liberty Bond Department Open Saturdays Until 8 P. M. Chartered 1822 Farmers' Loan & Trust Company 16-22 William Street 473 Fifth Avenue NEW YORK MANAGEMENT OF ESTATES CARE OF SECURITIES DOMESTIC AND FOREIGN BANKING FOREIGN EXCHANGE AND LETTERS OF CREDIT London 16 Pall Mall East, S. W. 1 26 Old Broad Street, E. C. 2 Paris 41 boulevard haussmann BORDEAUX B COURS DU CHAPEAU ROUGE LUMBER SUITS ANSWERED GOVERNMENT REFUSES TO BE SUED, IS STATEMENT. CITY OF PORTLAND, OREGON 6 IMPROVEMENT BONDS Exempt From Present Income Tax GOVERNMENT AND MUNICIPAL BONDS BOUGHT AND SOLD . Devereaux R(5mpany 87 Sixth Street Broadway 1042 Ground Floor Wells-Fargo Building Spruce Production Corporation Re fers to Board Which Handles Claims of Broken Contracts. VANCOUVER. Wash., Starch 20. Special.) The Spruce Production cor poration in the superior court here to day filed two answers to suits filed ainist it one by the Hanify Lumper company of Aberdeen, Wash., for 14, 041.38, and one by the Siler Mill com pany of Raymond, Wash., for ?400,000, for alleged breach of contract. The lumber companies alietred in their complaints that the1 Spruce Pro duction corporation entered into con tracts with them for the production or spruce and fir lumber and cants, and that the contracts were DrOKen atcer the armistice was signed. The Spruce Production corporation alleg-ed in the answer that the cor poration is an instrument of the Unit ed States government, and that the overnment has not consented to be sued, or consented to be under the jurisdiction of the courts; that when the contracts were made tney were obligatory to precedence over all other contracts. The answer to the Siler suit con tained approximately the same aetense as tha other two iteme. In addition. ir was allesed that the government had appointed a contract board to hear all claims growing out of broken con tracts, and that the plaintiff company presented its claim to this board, which disallowed it. Skulls Unearthed in Klamath. KLAMATH FALLS. Or., March 20. (Special.) Five skulls, believed to have been those of Indians, were unearthed here a short time ago by employes of the Chelsea Lumber & Box company, who were digging post holes for a new boat landing near the factory. One of the skulls is said to be in excellent shape, but the others are badly disintegrated. EXPORT -IMPORT & DOMESTIC FREIGHT FORWARDERS CUSTOM-HOUSE BROKERS, MARINE INSURANCE POOL CARS, L. C. L. FREIGHT TRAFFIC MANAGERS Oregon-Pacific Co. 610 Mil Bulldlns, Portland. OrrKon. Phone Main 4S6.. f,'eo. Powrli, President. E. F. Mrltaneltl. Vke Pres.-Trafflc Mrr. FACTS 1VO. 430 AN EFFECTUAL HINDRANCE Headlines in market re ports state: "Squeeze Pros pect Strengthens Corn," and it continues "Bad Roads Hold Up Deliveries by Farmers." It is this con dition in every part ot the country that affects the cost of living. If the roads were serviceable every day in the year, speculators could not gamble in food stuffs. It is because of this fact that to make a road passable winter and sum mer it should be paved with blTULITHICi Warren Broa. Company, Journal llldg. Portland, Or. Consult Us Before You Buy or Sell Liberty Bonds Lumber mens Trust Company CAPITAL AND SURPLUS C00.OO0 lumbermen! Bldp. Portland, 0r. Clark, Kendall & Co. Second Floor Northwestern Bank Bldg. Portland, Oregon We .Recommend and Offer to Investors Carefully Selected GOVERNMENT. MUNICI PAL and CORPORATION BONDS Denominations $50, J100, $500, $1000 I BANK BY MAIL, . CAN SECURITY BANl or Vancouver, vasfi. FEBcwman.Presidenfc- SAViNBS ACCOUNTS BANK BY MAIL Interest Paid on Time and Savings Deposits Resoarees Over 00,000.00 BANK of GHESHAM Gntkim, Oregon Under Slate Control., t SHEEP DO WELL ON SILAGFE FROM AN INDIANA SILO LET 17 S TELL.L, YOU WHY SPAULDING LOGGING CO. SALEM, OR. TRAVELERS' GUIDE. STEAMERS The Dalles and. Way Points. Sailings, Tuesdays, Thursdays and ... Saturdays, 10 P. M. , ' DALLES COLUMBIA LINE Ash St. Dock. Broadway 3454 San Francisco, Los Angeles and San Diego Steamer Snlllng Sunday, 1:30 P. SI. M. Bollnm, Agent, 122 3d St, Phone Main 26. FRENCH LINE Coinpasnle Generals TrnnnutlanlliiurJ new yoRK-j-Fi xen WEEKLY DEPARTURES. Fucail Bro... I'sc. Coaot Aienu, 109 Cb.rrr tit., Beattle, or any Local Ac.st.