IS
THE SUNDAY OREGONIAtf. PORTLAND, AUGUST 2, 1914.
MERCHANT MARINE
FAVORED BY MANY
Opposition to Effort to Bring
Foreign Vessels Under
American Flag Limited.
PUBLIC WELFARE THEORY
Numerous Arguments Cited In Sup
port of Bill to Come Before Con
gress Tomorrow by Agree
ment of Party Leaders.
President Wilson's effort to bring
foreign vessels under the American
flag: evidently comes at a psychological
period, for, with the exception of
American steamship corporations and
Individual vessel owners, there appears
to be a general sentiment that the
move is Justified under the existing
conditions.
Ope shipper went so far in discussing
the prospect of Increasing the Ameri
can merchant marine yesterday that he
said it was not a matter that should be
judged from the standpoint of an Indi
vidual or the steamship interests, but
by the general benefit to be derived
by producers, manufacturers and the
country at large.
"To bring foreign ships under our
flag impresses me as being the only
wav out of the existing dilemma, said
J. W. Ganong, vice-president of the
Portland Flouring Mill Company. "In
fact it may be a necessity before the
European crisis is ended. In my
opinion, the only hope, if the European
nations are to fight each other, is to
permit foreign ships to be purchased
and brought under our flag so they
can deliver foodstuffs to neutral ports
across the Pacific without great war
risks of excessive freights. The ships
must be purchased by Americans,
otherwise we would be a party to the
conflict.
"I think that if certain objectionable
features in the navigation laws are
amended and we are allowed to buy
foreign bottoms, the upbuilding of the
merchant marine of the United States
will be lasting. As things now stand
with Germany having declared war
against Russia, and the assumption
that England and perhaps France will
be drawn In, the movement of com
modities from this country is virtually
at a standstill, with no avenue of re
lief. Today we cannot get quotations
on war risks, and have been asked by
our representatives abroad to ascertain
if risks can be obtained here, which
also seems impossible."
Fritz Kirchhoff. agent here for the
Hamburg-American and the China Im
port & Export Lumber Company, as
well as German consular agent, said:
"I would say it would be an excellent
move for the United States to arrange
for the registration of foreign carriers
under the American flag. We don't
know how long this war will last.
There will be numerous foreign vessels
held at American ports, because condi
tions may be euch it would be unwise
to start them abroad. They might lie
idle for some time, and American cap
ital would be in a position to purchase
them cheaply.
"It would be especially advantageous
to the Northwest, for, in assembling
foreign bottoms of the class at low
prices. It would more than offset the
Panama Canal tolls in the matter of
trade development between the two
coasts. Unquestionably such tonnage
could be procured much more cheaply
than if built in the United States, and
the initial cost would be close to half
the financial outlay required to build
them here."
The American-Hawaiian and W. R.
Grace & Co. interests, which have ships
In the trade from New York to Pacific
Coast ports, are dtcidedly against the
plan.
American-built vessels cannot com
pete with foreign bottoms today, owing
to the latter having had the advantage
of cheaper construction, fewer laws to
obey in the matter of equipment and
crews that are carried for materially
less wagss than are paid Americans,
say steamship men.
The American owners of vessels built
abroad have not availed themselves of
authority extended to place such ves
sels under an American registry, pro
vided they are operated in the foreign
trade, for, it is argued, a foreign reg
istry is an economical asset. Builders
oppose the wholesale welcome of for
eign bottoms un the ground that It de
prives American yards of work.
A bill to pave the way for foreign
bottoms to fly the Stars and Stripes
comes before Congress tomorrow, after
having been agreed on by President
Wilson and leaders of both houses, and
dispatches say it will be pressed for
passage.
MORE TARIFFS ARE CUT
GRACE
CO. GIVE NOTICES OF RE
DUCTIONS, TOO.
American-Hawaiian Steamship Col
pany's Low Rates From Atlantic
to Pacific Mean War.
On the heels of announcements by
the American - Hawaiian Steamship
Company of reduction in rates between
the Atlantic and Pacific Coasts, W. R.
Grace & Company have given notice of
similar tariff reductions, and shippers
look for a strenuous competition be
tween the two fleets with the opening
of the Panama Canal this month.
The American-Hawaiian's latest is
that in all probability a regular pas
senger service will be maintained via
the Isthmus route, beginning with the
sailing of the Honolulan from San
Francisco August J3. The Isthmian also
has passenger accommodations, ami it
is understood here that the new fleet
of eight ships started last year and
completed recently, are so constructed
that passenger equipment readily can.
be placed on them. C. D. Kennedy,
Portland agent, hus been informed that
the matter of establishing a passenger
service after the Honolulu gets away
Is being seriously considered.
Grace & Company have sent word to
George McDowell, agent here, that in
addition to lower rates recently quoted
the charge on galvanUed iron, steel
and Iron plates, corrugated and plain
material is 30 cents and the same ap
plies to wrought iron pipe. The latter
also is quoted by the American-Hawaiian
and a full new tariff is looked
for by mail early this week. In the
past the water lines obtained virtually
none of the wrought iron business, as
It has been handled on a combination
of lake and rail transportation at S0V4
cents.
As yet the Luckenbach fleet has not
launched a campaign for Portland
patronage as strong as the others,
though the three lines are to be fac
tors in the canal trade so far as this
port is concerned. The Boston-Pacific
fleet will be another, but it has been
' the understanding that line will be a
seeker for return cargoes of lumber
more than general freight. The larger
steam schooners to be sent to the East
Coast with lumber are expected to be
loaded for the Westward voyage with
1 heavy hardware, structural steel and
kindred cargo that the larger lines
might not make such strong efforts to
obtain so long as miscellaneous com
modities at higher rates are moving.
CHINOOK DOBS GOOD WORK
Dredge Removes Nearly 150,000
Tons of Material In Week.
ASTORIA, Or., Aug. 1. (Special.)
The bar dredge Chinook came to the
upper harbor today, after an excellent
week's work on the sboal at the mouth
of the river.
She pumped and carried out to sea
each day during the' week 19.JB0 yards,
or approximately 30.000 tons of sand,
making a total of nearly 100,006 yards,
or 150,000 tons, of material which she
has removed since last Monday morn
ing. This is not counting the amount
which she stirred up to be carried out
by the current.
6 2 VESSELS CARRY LUMBER
Shipments From Columbia in July
Are 51,658,1204 Feet.
ASTROIA, Or.. Aug. 1 (Special.)
PROGRESS ON WORK OF
JtlfliiLtei!iJfi!iiui.!j(fl
fewA :-, ' ..V
TRESTLE EXTENDS INTO OCEAN AND ROCK FILLING TO EDGE
OF WAVES.
During July, 34 vessels loaded at the
ills in the lower district ana tneir
combined cargoes amounted to 22,895,-
000 feet of lumber. Of those vessels
31, carrying 19,359.000 feet of lumber,
went to domestic points, while three
vessels, having on board 3,536,000 feet
of lumber, are en route to foreign
ports.
During the month 28 vessels loaded
28,793,204 feet of lumber at up-river
mills, making a total of 51,658,204 feet
of lumber that was shipped in cargoes
from the Columbia River last month.
TRADE CONDITION CHANGE DUE
Pacific-Atlantic Seaboard Prices on
Various Commodities Given.
SAN FRANCISCO. Aug. 1. (Special.)
The action of the steamship lines is
expected not only to bring about a
revolution in trade conditions between
the Pacific and Atlantic seaboards, but
eventually to lead to an establishment
of Pacific Coast ports in their destined
places among the chief distributing
centers of the world.
Some of the changes show that a gen
eral slashing of figures is in progress.
In a number of cases the rates are
lower than the rates from Chicago to
New York, a distance of 900 miles.-
As an example of these reductions,
the following figures are quoted to
show the ocean rates from San Fran
cisco to New York, Boston, Philadelphia
and Charleston, in cents per 100 pounds:
Old
Commodity. wati
New Old
water- rail
rates. Sav. rates. Sav.
80 18 85 53
40 10 1.10 70
35 5 85 30
30 20 73 45
Canned goods. ...45
Dried fruit 50
Beans 40
Wine 50
Similar reductions in westbound rates
will take effect immediately between
New York and this city. It will be
possible to ship commodities at these
reduced figures:
Nails, 30 cents per standard keg (24,
000 pounds minimum).
Barb wire. 30 cents per 100 pounds
(24,000 pounds minimum).
Galvanized sheet iron, plain and cor
rugated, 30 cents per 100 pounds (36,000
pounds minimum).
Canned goods, 50 cents per 100 pounds
(carload lots).
The far-reaching effects of these re
ductions will be felt throughout all
Eastern cities, where it will now be
possible to order and receive Pacific
Coast products at a fair cost of ship
ment. POWER HEARING CALLED
Twin Falls, Idaho, Scene of Three
Cornered Fight.
TWIN FALLS, Idaho, Aug. 1. (Spe
cial.) The hearing on the power situa
tion, which opened yesterday before the
Public Utilities Commission, continued
all day Thursday. It will be concluded
iu Boise.
A three-cornered fight is waged for
the control of the Southern Idaho power
territory, or entrance into it by two
other companies in competition with
the Great Shoshone & Twin Falls Water
Power Company, the original power
company in the Held. P. N. Heinn,
consulting engineer for the Idaho
Power & Light Company, was the prin
cipal witness, and a number of resi
dents of Twin Falls and vicinity were
called.
GIRL ASSISTS, IS DROWNED
Flora Newman, 16, Loses Life in
Creek at Corvalli.
CORVALXJS. Or., Aug. 1. (Special.)
Flora Newman, aged 16 years, was
drowned last night in Hogue Creek,
about four miles south of Corvallis.
Miss Newman, her sister, Mrs. Chester
Mason and a number of other women
were bathing in the creek, a stream
that separates Kiger and Stahlbush
islands, in the Willamette River.
Mrs. Mason got beyond her depth
and the Newman girl started to help
her sister, but got into swift water,
went down in a big eddy and was seen
no more. Mrs. Mason found a foot
ing and saved herself. The body of
the drowned girl has not been found.
Grain Near Dufur Saved From Fire.
DUFUR, Or., Aug. 1. (Special.)
A fire which burned over 200 acres
of grain stubble on the ranch of Al
Limmeroth, a few miles east of here,
Thursday, was stopped before it did
any great damage. The blaze for a
time endangered grain in the entire
section. The fire gained great head
way, but by hard work It was con
trolled Just in time.
SIUSLAW IS DEEPER
Hope Expressed That Improve
ments Can Be Continued.
2 JETTIES HELP CHANNEL
Within Five Years 'Depth at Mean
Low Water Has Been Increased
From Seven Feet to 10 Feet
and Bigger Cargoes Carried.
TUT AO TXT- TJ - A i , ir 1 f Q il ' i 1 1 1
Funds now available for the work on
the Sluslaw Maroor improvement: win
be exhausted this Fall, but It Is hoped
that another appropriation may be pro
vided so that the work can be contin
ued. This project was commenced by the
SIUSLAW JETTY SHOWN
Government 22 years ago and a JettJ
constructed on the north side of the
river, the work being abandoned ten
years later.
In 1907 the Port of Siuslaw was or
ganized and funds obtained with which
the work was taken up again. Under
the direction of Junior Engineer Car
roll a Jetty was constructed on the
south side of the river. Work on the
north side was taken up then and a
new tramway built behind the old one,
and the Jetty on that side now extends
about 1200 feet beyond the end of the
south Jetty. Junior Engineer Leefe Is
in charge of the work.
The survey of five years ago showed
a channel less than 200 feet wide -with
a depth of seven feet at mean lower
low water, while the survey made by
the Government this Summer shews
a channel 500 feet wide on the bar,
having a depth' of not less than ten
feet at any point at mean lower low
tide, which means about 16 feet at high
tide.
Owing to this improvement in the
condition of the bar, the barge Law
rence on recent trips has carried a
cargo of 650,000 feet of lumber for the
San Francisco market.
FERNLEY HERE FOR CEREAL
British Tramp Will Be Dispatched
Unless Great Britain Figrhts.
Hailing from Hongkong, the British
steamer Fernley arrived in the river at
8 o'clock yesterday to load grain for
the United Kingaom under charter to
Kerr, Gifford & Co. The vessel left
the other side July 4.
So far as is known, her cargo will be
loaded at once and the ship started
for England, but should Great Britain
become involved in war as many an
ticipate, owing to Germany's declara
tion of war against Russia yesterday,
the Fernley would no doubt he held in
port, as will other foreign tramps com
ing tor grain cargoes.
The Japanese steamer Kenkon Maru
is another freighter looked for daily,
as her voyage already has been longer
than usual from Karatsu. she having
sailed July 11. The trip requires about
19 days for one of her speed. The ves
sel is in ballast and loads here for
Shanghai under engagement to the
China Import & Export Lumber Com
pany. The Japanese steamer Shinkai
Maru, now discharging oak at the Em
erson Hardwood Company's dock, is to
finish Wednesday and move immedi
ately to lnman-Poulsen's to work lum
ber for Shanghai.
The British steamer Strathendrick
came into the river at 9' o'clock yester
day from Eureka and she completes
her Australian cargo at Tongue Point,
Knappton and Wauna.
RIVER HOGS TO BE CURBED
Officials to Act in Oase of Foolhardy
Stunts With Launches.
Narrow escapes from serioug 'acci
dents through tne frivolous navigation
of launches In the harbor, which in
one case resulted in a Woman occupant
of a rowboat being Injured, in another
a boat was nearly swamped, and a score
of close calls have been reported, has
prompted municipal authorities to take
up the matter of passing an ordinance
to cover such carelessness.
Information has been collected bear
ing on individual cases and the United
States authorities consulted, so with
the Federal officers acting In conjunc
tion with the Harbor Patrol and more
sedate motorboat owners, it is intended
to make pleasure boating on the river
safe and sane. Some launch operators,
it is charged, try to ascertain how
close they can run to a rowboat or
canoe under full speed without actual
ly colliding, a diversion that usually
is attemded with no danger to them, but
placesthe boats without power is
alarming positions.
LAUNCH STRUCK IN FAIRWAY
Master of Bear Says Fishing Launch
Showed No Light.
Navigating or drifting in the fairway
between buoys No. 12 and 14., without
showing a light, are conditions credited
for the death in the lower harbor Fri
day morning of Peter Peterson, a
fishermen, who was In a boat with two
companions that was struck by the
steamer Bear, bound here from Cali
fornia ports.
In an official report filed yesterday
with United States Inspectors Edwards
and Fuller, Captain Nopander, of the
Bear, sets forth that he sought an
early arrival at Astoria because Mrs.
M. Cook, a passenger, had slipped on
deck the night of July 29, and sprained
i
, : :
?
rrniilMTllft B
1
:
her shoulder, so he had sent a wireless
message for Dr. Pilkington to meet
the ship at Astoria and attend the
woman. Coming up the bay he said a
sailor, G. Raffler, was acting as look
out and he later said he called to
officers on the bridge that they had
struck a floating object, but the alarm
was not heard nor any cries from the
boat, so the ship did not stop.
News From Oregon Ports.
COOS BAY, Or., Aug. 1. (Special.)
The Nann Smith sailed today with
lumber and passengers for San Diego.
The steamer Paralso will sail from
North Bend tomorrow afternoon.
The Adeline Smith sailed today from
Marshfield, carrying 1,500,000 feet of
lumber.
The dTedge P. S. Michie made what
Is regarded as a fine record yesterday
when she removed 7418 yards of sand
from the Coos Bay bar.
The C A. Smith Lumber & Manu
facturing Company has decided to reg
ister its vessels on Coos Bay and will
either use the registration as Marsh
field or Coos Bay. Heretofore the
vessels Redondo, Nann Smith and Ad
eline Smith were registered in St. Paul.
ASTORIA, Or., Aug. 1. (Special.)
The schooner Eric sailed today for New
Plymouth, New Zealand, with a cargo
of lumber from Westport.
The steamer Sue H. Elmore arrived
this morning, with 1200 cases of cheese,
which was discharged here for reship
ment to San Francisco. She also
brought 300 cases of cheese for Port
land. The British steamer Strathendrick
arrived this morning from Eureka and
will load lumber at Wauna, the Ham
mond mill and Westport.
Tomorrow morning the Government
dredge Wahkiakum, which has been
dredging near Fort Canby, will be
towed to Megler by the steamer Men
dell. The Ocklahama is to tow the
craft to Portland.
The steamer Johan Poulsen, with
lumber for San Francisco, and the
steamer General Hubbard, with lumber
for San Pedro, went to sea during last
night.
The steam schooner Jim Butler, with
a part cargo of lumber from Knappton,
sailed today for Grays Harbor to finish
loading.
The British steamer Fernley arrived
this morning from Hongkong and pro
ceded to Portland, where she will load
grain for Europe.
The steamer Breakwater sailed this
afternoon for Coos Bay with freight
and passengers.
The steamer Lewis Luckenbach will
arrive tomorrow morning from Grays
Harbor to load 25.000 cases of salmon
here for New York.
The schooner W. F. Jewett should
arrive about Monday from Honolulu to
load lumber at St. "Helens.
The schooner Lottie Bennett will be
due the latter part of next week from
Valparaiso to load lumber.
The schooner Virginia should arrive
about the same time from the Wes,
Coast and will remain here to await
orders.
MONEY FIRST AFFECTED
FINANCIAL MARKETS QVIfKLV RE
SPOND TO AVAR DEVELOPMENTS.
Closing: of Stock Exchange Is Protec
tion Against Deluge of Liquida
tion From Old World.
NEW YORK, -Aug. 1. On the finan-
cial markets of the world was focused
the full effect of the week's rapid
spread of the war cloud. While dip
lomats discussed and generals planned,
the money markets acted, Symptoms
of the markets were so paroxysmal as
to paint a vision of the breaking down
of European civilization itself. "The
warning there contained pointed to a
catastrophe so grave as to carry the
strongest incentive within itself to
avert it.
Credits, international exchange and
commerce were disorganized. The peril
was shown in the loss of the primitive
Instinct to hold gold, which induced the
raid on bank reserves at the great
money centers.
ThlB raid nullified all other consid
erations. No parallel exists for the
Jump from 4 to 8 per cent made by
the Bank of England discount rate on
Friday, thus marking the exigency of
the crisis. The closing of the New
York stock and other exchanges was
a like measure of protection against
the deluge of liquidation from old world
money markets in their desperate
scramble for cash.
The flight of wheat prices measured
the return to America producers, Com
puted from the year's enormous yield
and the world's urgent necessity.
Owing to the close of the stock ex
change and the lateness in the week of
the announcement, the Interstate Com
merce Commission's rate decision made
little impression in the financial dis
trict. Other considerations lately prom
inent, such as trust legislation, trade
prospects and crop conditions, passed
completely out of notice.
CASH LOSS IS FIFTY-SIX MILLIONS
New York Banks' Surplus Reserve la
Wiped Out During Week.
NEW YORK, Aug. 1. The statement
of the actual condition of the clearing
house banks and trust companies for
the week shows that the cash reserve
In excess of legal requirements de
creased 143,599,500, leaving a deficit of
$17,425,750. The statement follows:
Decrease.
Loans 82.05S.755.000 $ 1,182,000
Specie 33a.88Jt.000 3,ut,...uuu
Legal tenders... 7S,!I1,oih
Net deposits 1,011.. -.:. ooo .
Circulation 41,737,000
1.234,000
48.776.000
8,000
Increase.
Banks, cash reeerve in vault. .$1144.31)8,000.
Trust companies, .cash reserve In vault, $07,
182,000. Agerepate cash reserve. $411,580.
000; deficit in cash reserve, $17,125,750;
decrease, $43,590,300. Trust companies, re
serve with clearing house members carrying
25 per cent cash reserve, $56,547,000.
Summary of state banks and trust
companies in Greater New York not
included in clearing-house statement:
Decrease.
Loan and Invest
ments . .$570,812,400
Gold 43,532.100
Currency and bank
notes 9,T51,700
$2,M9.t00
785,000
.000
Total deposits ...$640,819,900 $5,316,000
Increase.
SAN FRANCISCO PBODUCit MARKET
Prices Quoted at the Bay CRy on Fruits,
Vegetables, Etc.
SAN FRANCISCO. Aug. 1. Fruit Pine
apples, $1.503; Mexican limes, $406: Cal
ifornia lemons. $2.7305.50; apples. Graven
stein, 65ciy$1.13.
Vegetable Cucumbers, 2035c; string
beans. lVj2V4c; peas, 304c.
Eggs Fancy ranch, 80c; store, 25 Vic.
Onions Yellow, 8090c.
Cheese Young America, 14016c; new. 11
014Vic
Butter Fancy creamery. 2oc; seconds,
23c.
Potatoes Delta, new crop Burbanks. per
1 -1, 7t,Bt1- hnypi !1(3'1.25:
sweets. 3 03 Vic pound.
D.,.ini, Flour 24H0 Quarters; Daney,
4572 centals: potatoes. 7820 eacks; May. 680
tons.
San Francisco Grain Market.
SAX FRANCISCO, Aug. 1. Spot quota
tions; Walla Walla. 1.8O01.52V4 : red Rus
sian. l..i6vl.3B?i; Turkey red, ILHV
I. 56VI; bluestem. $1.37 Vi 01.00; feed barley.
97Vr- white oats. $1.251.27Vi ; bran, $23;
middlings. ::0)31 ; shorts, $?7 27.50.
Call board Barley December. 90c; May.
II. 04. '
Guropean Grain Markets.
LONDON, Aug. 1. Cargoes on passage
strong but dull.
English country markets strong.
LIVERPOOL. Aug.l-Spot. unsettled No.
I Manitoba. 86d; No. 2, 7s 4d; No. 3, 8s
lVid. Futures, nervous; October, is llid,
December, 8s Ivid.
NO WHEAT TRADING
Export Business Continues at
Standstill.
PRICES WHOLLY NOMINAL
Farmers Are Not Alarmed by Sns-
pension of Buying, as They Be
lieve Last Prices Will Hold
When Market Opens.
Business In the wheat market con
tlnues at a standstill, except for a few
limited operations for account of Coast
mills. Exporters are doing nothing at
all in the wav of buvinir erraln. In view
of the paralysis of international com
merce. No efforts will be made to se
cure further supplies in the country
until an outlet Is assured, and this. In
the light of the day's sensational de
velopments in Europe, is a most un
certain question.
In the meantime prices are quoted
unchanged, but nominal. Holders ex
press no alarm, believing that when
commerce with Europe is resumed the
prices paid Just before the interrup
tion to trade will again prevail. No
one In the grain buying business is
willing to hazard a guess as to wheth
er or not this will be the case.
Business in other cereal lines con
tinues quiet. Spot prices have not been
affected by the war. but the under
tone of the market for barley futures
Is easier.
Local receipts, in cars, were report
ed by the Merchants Exchange as fol
lows:
Wheat. Barley. Flour. Oats. Hay.
Monday 50 2 17
Tuesday.. 18 2 4
Wednesday 12 1 2
Thursday 28 :t
Friday 31 1 5
Saturday 22 2
4
1
0
24
88
60-
Year aco o
Total this week. 159 11 39
Year ago 34 28 S
Season to date.. 454 IM 173
Year ago 207 154 204
2
:.:i
123
ISO
AH IK I ITS ARE IN STRONG DEMAND
Best Yellow Peaches of Season Arrive From
California.
Fruit business was carried on on a
large scale throughout the day, and
there was a good clean-up, particular
ly of soft fruit. f
The best California Crawfords of the
season were received during the day
and sold firm at 85 76 cents. Oregon
peaches were plentiful and sold at
the" usual range.
The demand for watermelons and
cantaloupes was brisk at the reasonable
prices now ruling. A heavy carlot
shipping business in melons Is now un
der way and dealers in many interior
towns that never before had a full
car of melons at one time are now
buying in this manner.
Casabas are now fully matured at
Turlock and Dinuba and receipts, are
increasing. Straight cars of casabas
and Turkish melons will be brought
in this week. In discussing the qual
ities of the latter fruit, T. Pearson
said:
"The only difference between an Ice-
cold Turkish melon, eaten Just at the
right time and a first-class sherbet
is that the sherbet Is apt to be a Httle
lumpy at times, but the melon is smooth
as silk and sweet as honey. The rea
son that casabas and Turkish melons
are not more popular is because the
consumer, as a rule, is In too big a
hurry to cut them. There is a certain
stage when they are Just ready to eat.
and they can go beyond this stage for
a few days without the quality being
much impaired, but if cut too soon
they are no better than a squash."
OREGON HOP CROP ESTIMATES CUT
Drr Weather Is Shortening the Yield in
Tills State.
. Hop dealers have reduced their es
timates of the Oregon crop In a mate
rial degree. Instead of expecting'a
yield of 150.000 bales or more, they
think the state will do well if it turns
out 125,000 or 130,000 bales. Some of
them estimate the crop still lower. It
Is the long spell of dry weather that
Is shortening the yield.
No business Is being attempted In
the market. The war has stopped all
export operations in spot hops, and the
future of the new crop market is too
uncertain to encourage either buying
or selling. The opinion Is growing that
the war may eventually have a favor
able rather than adverse effect on
prices.
LOCAL POULTRY PRICES ARE SHADED
Demand Is Lighter and Supplies Are More
Than Sufficient.
The poultry market closed weak
with prices lower all around, and some
stock carried - over. Hens sold at
1314c and Springs sold as cheap
as 13 cents, as It was .difficult to
dispose of small ones. Ducks, geese
and turkeys were not wanted.
Dressed meats were very firm. The
best ,veal brought 11 cents and good
hogs were worth 12 cents.
The egg market was Inclined to be
slow. Prices were not changed'.
Butter supplies are steadily decreas
ing. City creamery prints are still
going at former prices, but buyers are
willing to pay more for cubes.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland" $1,338,092 $70,543
Seattle. l,768.4rMt 180,001
Taiomar zoi.wo na.o.w
Spokane avj.ittH yo,oiu
Tntal .l.,rtnsrs or Portland, Seattle and
Taeoma. tor th; past week and correspond
ing weeit in tornier ycaif weic.
Portland. Seattle.
$ .S.511MB3 $11,580,234
Tacomn.
$1, 727. 061
2.235,49.-,
4.100,838
3.935,292
5.610,789
5.306,454
3.S87.946
4.803.739
3.603,256
2,989,318
1.009,299
1,804,448
1,534, 8S3
99S.7US
1014. . .'. .
1013
.t,684
9.670,740
12.031.5S1
1019
10.04 1.27t
0.775.042
10,130.017
11.336.527
8,505.806
8.688.384
9.0U5.S13
5.196,408
3.504.600
3.837.716
8.365.986
3,311.212
10.043,638
0,441.813
7.869,706
6,633,575
6.860.437
5,215.982
4,110,048
3,204.438
2,838,782
2.352,251
2,002,489
1910
1 UOH
1 908
1007. . . : .
moa
100.-
1904
ioo:i
1902
1901
PORTLAND
MARKET
QUOTATIONS
WHEAT Track prices: Club, 88c; forty
fold, 8c; bluestem. 88c; red Russian, 88c;
Turkey red. S6c; valley, 86c.
MILLFEED Bran. $21021.50 per ton;
ihorts, $28 0 20.80; middlings, 131.
OATS No. 1 whit milling. $11.50 per
ton.
FLOUR Patents. $4.10 per barrel
export. $1.5001.65: valley, $4.60; graham.
$4.80; whole wheat. $5. .
BARLEY Feed, $21 per ton; brewing,
$22. rolled, $23.10.
HAY Old timothy, fl4?17; new-crop
time thy. $11015; grain bay, $10; alfalfa,
OOltM Whole. $15; cracked. $3t per tea.
Fruits and Vegetable.
Local Jobbing quotations:
TROPICAL FRUITS Orange. $1.7808
per box; lemons. $5.S07 per box; banana,
44Vic per pound; grapefruit, California.
(2.7843)3.
VEGETABLES Cucumber, 75o per sack:
eggplant, 15c per pound; peppers, 7
Be per pound; radishes, 1317Vic per
doaen; head lettuce, $1.75 per crate; arti
chokes. $1 per dozen; tomatoes, 7075c per
crate; cabbage, 1142c per pound;
peas. 5 6c per pound; beans, 4 So per
pound; corn, $1 per crate.
ONIONS Walla Walla. $1.50 per sack.
GREEN FRUITS Apples, old. $11.30
box- new, 75c$2.00 per box; apricots, $1&
118 per box; cantaloupes, 75c $1.30 per
cmte: peaches. 40 78c per boa; plums. Mc
C$1: watermelons, 90c per hundred pounas.
casabas. $2.80 per doaen ; pears, flV1.73 per
box: blackberries. 75oJ$l per crate; grapes.
$1.75 per crate. ..,
POTATOES Oregon, new. 101 J"r ,D-
Dairy no Country Produce.
Looal Jobbing quotations'
EOQS Fresh Oregon ranch, case count.
23iH!8Vsc; candled, 2326c per dosen.
POULTRY Hens, 13 4 V 14c, Springs. 13
18c; turkeys. 20c; dreaaed, choice, Mi
ducka, 10 He; geeae. 10c.
BUTTER Creamery prints, extras, 28 W
30c per pound; cubes. 24c.
CHEESE Oregon triplets. Jobber" buying
price, 16c per pound f. o. b. dock Portland;
Young America. 15 14 c per pound.
PORK Block, ll"Allc per pound.
VEAL Fancy. 14 ft' 14 Ho per pound.
Staple Groceries.
LjcjI Jobbing quotations:
SALMON Columbia River oae-pouad
talis, $2.25 per doaen; half-pound flats,
$1.40: one-pound flats, $1.45; Alaska pink,
one-pound tail. 85o; sllvsrsidsa, one-pound
tails. 41.26.
HONEY Choice. 13.50 91.75 per oas.
NUTS Walnuts. 14020c per pound;
Brazil nuts, 20c; filbert. 14015c; almonds.
lJSc; peanuts, I06Vio; oocoanuta. $1 par
doaen; chestnuts. 8V01Oc par pound; pe
cans, 14015c
BEANS Small white, Vsc; large whit,
stir. Lima, to; pink. 6.15c, Mesiean. it:
bayou, sc.
COFFEE Roasted. In drums, 100610 per
oouna
SUGAR Fruit and berry, 16.05; beet.
14.(5; extra C, $4.56; powdered. In barrels.
$5.10.
SALT Granulated. $15.60 per ton; half
ground, 100a, $10.76 per ton; 60s. 111.50 per
ton, dairy, $14 per ton.
RICE No 1 Japan, 4 V, 05c, Souther
head, 6t4 07Vic; Island. 505Vo.
DRIED FRUITS Apples. 1"t.011c Pr
pound; aprlcota. 18Vi02Sc, peach, SO He,
prune. Italian lO012Vtc. currant, Vtc.
raisins, looae Muscat!. 8S07Vc. bleached
Thompson, 11; unbleached Sultana, ec,
seeded, 8c; dates, Peralan, 707Vtc per pound:
faru. $L40 per box.
FIGS Packages, 8-0., 80 to box. 11. sj
package; 10-07... 12 to box. 80c; white, 28-10.
box. $1.76; black. l-Ib.-boz, $1.76; black,
3'j-lb. box, $2.60; hlack. 10-lb. box, $1.16;
Cslarab cndy (lga, 20-lb. box. $8: Smyrna,
per oox, $1.00.
Hop. Wool. Hid, Etc.
HOPS 1918 crop. 12014c; 1814 contracts,
nominal.
PELTS Dry, 12c; dry abort wool, o; drj
shearings, 10c; green shearings. 16030c,
salted sheep, $1.2601.60; Spring lambs, 8f
083c
HIDES Salted hides, llVo par pound,
salt kip, 14c; salted calf, 18c, green htdea,
i2Vic. dry hides, 26c; dry calf. 28c; sa.iad
bulls, 10c par pound; green bulla, IH&
WOOL ValUy. l!Vi02Otoe; taaterr. Ore
gon, ltf20e.
MOHAIR lilt clip, 37Vso per pound.
FISH Salmon, 10 Vi 012c; halibut, SVi0
6c ; perc h, 8c.
CASCARA BARK Old and new. 4V per
pound.
GRAIN BAGS In car lots. S08V4C
ProTlsWn.
HAMS 10 to 18-pound, 19Vi20VsC, 11
to 14-pound. 19Hn20Vic. 14 to 1 a -pound.
19 Vs & -0 Vac; skinned. ls02Oo; picnic lie.
BACON Fancy, 28 010c; standard, tilt
016c.
DRY SALT CURED Short olur oacks.
13Vi16i4c; exporta, 14016c; plat, lla
13c
LARD Tierce basis. Pure, 12013c, com
pound, AG.
KEROSENE Water white, drums, oar
rcla or tank wagon, 10c; special, drum o
barrel. liVsc; cases, 1; v20Vsc
GASOLINE Bulk, 16c; is Me. 22a;
motor spirit, bulk, llVac: cases, llVfeo. En
gine distillate, drums, 7Vo. cases, liVkc;
naptha. drums, 14Vso: can, llVao.
LINSEED Oil Raw, barrols. 72c: boiled.
barrels, 74c; raw, cases, 7Vc; boilad. cases,
70c.
BEEF DEMAND BETTER
PRICKS CLOSI'l IIIGIIKR l NIMTK
"OF LARGER RECEIPTS.
Hogs Alao Advance and More Could
steadily He Hnudled Sheep
Are Steady.
Trading was quiet at th stockyards, a
usual on Saturday, only a few bunches of
medium grade hogs being disposed of.
Receipts were 72 cattle. 6 calves, 199 hogs
and 21' sheep. Shipper were
With cattle C Kopiln, kualnview. 1 car.
With mixed loads c. Koplln. riainTiew,
1 car cattle, calve and bogs; J.' D. Dins-
more, west scio, 1 cr came,
hoM: C Kf Lucke. Cauby. 1 car cattle,
calves, hogs and abeep; F. B. Decker, Hub
bard, 1 car hoga and abeep.
The day s sales were as follows:
Wt-Prlcel Wt.Prlce
22 hogs ... 7 8.U0J 31 hogs 166 48.60
81 hegs ... 133 8.91 Scows ... 791 8.5U
2ti hogs ... 171 S.3 1 steer . 1. 880 6.00
7 bogs ... 178 8.2S
The official weekly market report of the
Portland Union Stock Yards Company fol
lows:
Receipts for the week have been: cattle.
1813; calves. 1)3: boas. 2805; sheep, 5083.
'Cattle liquidation has been Heavier man
t week, with the outlet so good beet
prices gained a quarter. Top steer sales
the first half of the week averaged $7.80,
cows $6.35, bulls $3. Seventy-four head of
exceptionally fine steers sold Friday 'at c
Improved demand and better trend to the
market.
Swine receipts assumed fairly largo pro
portions Monday with tho trade reacning
$8.93 for beat light stock. Tuesday and
Wedneaday $9, and closing at $9.05 Friday.
This market can readily handle a few
thousand more hogs than the present re
ceipts. V
Choice mutton alii lamD stock sreauy t
unchanged prices. The bulk of stuff, ar
riving for the week, has been of Inferior
quality. Receipts were In excess of 50410.
Prime wethers, $4.50 to $4.73; prime ewe.
$3.85 to $4; medium ewes, $3.28 to $3.75;
Spring lambs, $5,50 to $6.
The follow nig sgses are representative 01
the week's trade:
Wt.Prlcel
.1261 $8.00, 68 cows
.1073 7.65 19 cows
. 1092 7.60 52 cows
.1192 7 ..0 27 cows
. 222 11.05 1 bull
. 167 K.OOi 7 helferi
Wt.Prlc
.1192 $8.35
.1191 6.23
.1161 6.13
. 1073 6.0
.1621 5.00
50 steers
21 steers
13 steers
168 steers
274 hogs
88 hogs
989 hogs
642 hogs
803 lambs
91 lambs
. 927 6
.1421 6
194 8.9o 1
2
172
85
1 calf . ...
. 251 8.25
. M 475
6.00:230 net hers
. .1 63
prices
IMUSI ew
92 4.03
Current or
of the various classes of
tfu-k at the yards follow:
Prime steers $7.2., 8 .00
Choice steers 6.75 7.00
Medium steers 6.25 6.30
Choice cows 6.00W 6.38
Medium Cows 5.50 5.75
Heifers 6.Kj6.rrf)
Calves 0-00 8.28
Bulls 3.00 8.00
Stags 4.80 6.00
Hogs
Light 8.0O 9.03
Heavy 7.00 8.03
Sheep
Wethers 4.00 4.TS
Jwes 3.50O 4.00
Yearlings 4.00 5.00
Lambs - 5.30u 0.80
Omaha I.ivetxk Market.
SOUTH OMAHA. Neb., Aug. L iHogs
Receipt. 5500; market, lower. Heavy. 18. .10
8.53; light. 18.2018 3.-.; pigs, $7.5O8.10;
bulk of sales. - - : v35.
Cattle Reielpts. loo: market, steady. Na
tive steers. $7.309.73; native cows and
It'lfers, $68: Western steers, $8.50 tt 8.75 ;
Texas steers. 16W7.50; Texas cows and heif
ers. 1S.737.83: calve. t7.5010.80.
Sheep Receipts. 1U0; market, strong.
Yearlings, $5 40 tt1 5.9V; wethers, $5.255.u3.
iamb. $7.2341 8.25.
Chicago Livestock Market.
CHICAGO. Aug. L Hogs Receipts, 7000;
choice light. 8 to 10 cents higher; others 3
to 10 cents lower. Bulk of sales, $8.40
8.75; light. 18.6O9.05; mixed. $8.23tr8.90;
heavy. $8.208.S0; rough. $S.154S.30; pigs,
7.256v8.75.
Cattle Receipt. 200; market, steady.
Beeves. 17.309ilO: steers. $.408.40; stock,
ers and feeders, 5.50S; cows and heifers,
$3.758.15; clvs, $7.50 11 .2.".
Sheep Receipts, , 2000; market, steady.
Sheep, $5.1S5.85; yearlings, $5.0O6;30;
lambs, 86 8. 13.
Naval Store.
SAVANNAH. Aug. L Turpentine, nomi
nal 4BVi; no sale Receipts, 593; ship
ments, 62; stocks, 27.020. Rosin, nominal.
No sales. Receipts. 2417; shipments. 373:
stocks. 113,231 Cjuote: A. . o ;
.0 ta n H I. 1.1 33: K 14.15: M.
4.'30; N,'$6; Wi G. 16.23; WW, $6.35.
Dried Fruit at New York.
NEW YORK. Aug. 1 .Evaporated apples,
quiet. Prunes, dull, peaches, nominal.
Sterling Hute- Nominal.
SAN FRANCISCO, Aug. t. -No quotations
on money market.
Hop- at New York.
NEW YORK, Aug. L Hops Quiet,
FEW RISKS TAB
Chicago Wheat Trades Nol
Disposed to Operate.
MARKET HOLDING STEADY
Transnctlon-. llnld-d, Auallinp; Out
come of Movement lo (Jive KYr-plgn-Bullt
VSIiipH American ltcg-Istrj-
Corn Advance Sharp.
CHICAGO, Aug-. 1. Wheat transac
tions halted to a great extent today
awaiting the outcome of a movement ti
give exporta from the United State thi
protection of the American flag. Aftet
relatively narrow- change the market
closed iteady. te net lower for early
deliveries and VtJ114e up for the more
deferred options. Corn finished at no
advance of lHtMttc above last night
oats with a rise of KVlHc and pro
visions higher by 2V(fl5r.
Wheat trading showed the effect ol
the market having safely got by th
monthly settlement without having
been distressed by a series of failures.
There wan plenty of evidence of an
easier feeling, pit operations gradually
increasing and price changes being no
longer abnormal. Reports of Italy hav
ing decided to stand neutral formed the
chief Influence, and for a time there
was a somewhat pronounced falling oft
In values.
Reports that forelgn-bullt shlpi
rould be allowed to take American
registry and that France, Oerninny,
Austria and Italy would remove the
Import duties on wheat led to consid
erable buying. There was a disposi
tion shown to leave a few risks as
possible open over Sunday.
Weather, not war. chiefly governed
the corn market. The bearish character
of the Oklahoma state corn report giv
ing the crop condition as compared
with 82 a year ago, helped to sustain
the advance, and ao also did the pros
pect of a railroad strike West.
Oats ruled quiet.
Scarcity of offers caused provisions
to become notably firm. Klrst tranaac.
tlotis were up 2 V tf 22 and there
was an additional rise later.
Leading futures closed as follows:
WHKAT.
Open. High.
.1 .V 1 ft
Low.
$ lVt
tt
.Si
1 lit.
1
',
Sept
Dec.
Msy
.
11
1 .!
CORN.
. Ot 71 .S
. 1 .)
. .41 '4 .i4 lVt
OATH.
. .i jfH .it
. .18 .! .21
.40 .42 .49
MKSS 1'OltK
24.12 IV. 40 20.20
LARD.
. t.s; t.3 '
. 1.12 t.17 t.12
SHORT RIBS
Sept.
Dec.
May
Sept.
Dec.
Sept.
Oct.
.II
1
17
if
.42
4
10
tt
Sept
.11. to 11.12 11.
11 to
11.11
Oct. 11.10
11.27
U IV
Pllget Mound M heat Markets.
TACOMA. Waah.. Aug. I. -Wheal Big
stem. 86c. forlyfold. 84c: club, :lc, red fife,
(Zc: red Russian. 81c.
Yesterday's cr receipts Wheat. 24. corn.
S; oata. 1; hay, 1.
SEATTLE. Wash.. Aug. 1. Wheat Sep
tember and October delivery quntatlona:
Bluestem. S.llic: fortyfold, 81c. club. Sc
rife. Sic; red Russian. 80c.
Yesterday's car receipts Wheat, 9; hay,
7; flour, 4. 0
MlnneaMll Grain Market.
MINNEAPOLIS, Aug. 1. Wheat. Septem
ber, 90c: No. 1 hanl 97Vic; No. 1 North
ern. 84i408Vtc; No. 2 North, rn. 92 ,
Hit,
Flax, $l.7t1.09
Barley. 4632o. ..
u
OVERBECK &
COOKE CO,
ratters. Stock a. Bonds, 1 otto,,
Uraln, Bte.
:i-tir HOARD OfT THAOI ni.ix,
MKMBJUt C-HICAGO HOARD OF
T HA DK.
t orre.oaa. of l.osaa 4s glryae.
thteaga and Neve York.
' MBMDKRS
New York. Stack exchange.
Chlcagw Keel Kxrkang.
Buitea Slock Kirbtast.
Chicago Iloara of Trade,
New VorU Coltan ICxobansje,
New Orleans Cultaa Hxchaaga.
Kerr Vofk Caffa Kirhsst,
New Yerk Produce tOxrhangr.
1 I vcrpool Cattv Aea'a.
J.C.WILSON&CO.
klOCKS). BONDS. GRAIN AN O tollOX,
MEMBER
VEW YORK STOCK ICXCIIANOaj
t HICAOO BOABO Of TRADt.
NEW (OKH COlTON hXCMANOB
llll
SIOIK AND BHJNU "-
KA N HUM1M9
PORTLAND OFF10B:
Lewis Blinding. 869 Oak Streak.
Phonot M-xshll 368. A 41S7
BONDS
CORPORATION AND MUNICirAU
ROBERTSON & EWING
207-M Nartbveeatrrn Hank Hla.
TRA LI.LKS .lllg-
ALASKA.
Special one-way and round-trip rate.
Lea Ul ii 1 1 eiia w,w. , - -WEDNESDAY.
Al'til T RTH
Few Raaervatlone Left.
Kranrleo. Portland A trM Angela
Mrsmsblu 4 ).
FRANK. UOI.LAM. Agent.
134 Third Utreet. A -4. 91. 411 2.
STEAMSHIP
galls Dlreel for San KraneUco. Lea
Angeles and nn Diego.
Monday, 2:30 P. M., Augurt 3d.
s n hum i- . ron i i m
I OS Wl.l I I -Ml VM-IHl- I'll.
FKA.Mt HOI l.l. Kcnl.
124 Third at. A , nam .
Steamer Georgiana
eaves Waahlngton-street Dock at i
A. M. Dally. Except Friday, for
Astoria and Way Landings
Returning, Laves Astoria at 1:4S P. M.
Kara $l.uu cacn way. asin im.
COOS BAY LINE
Steamship Breakwater
Sails from Ainswonh dock, Portland, a M.
July 7. 1. 17, Z'i. 27. Aug 1. . 11. It, sl-g
Freight and ticket offices. Lower Alnswortn
dock. Portland 4k Coos Bay S. 8. Line.
L. H. Kl A I INC. 4rnt.
Phune Mala liOuu, A