IS
TIIE SUNDAY OKEGOXIAX, PORTLAND,. FEBRUARY 28, 1915.
LOSSES ARE MADE UP
Sudden Change of Sentiment
in Local Wheat Market.
OLD PRICES ARE RESTORED
Values Are Sow on Export Basis
and Active Trading Only Pre
vented by Lack of Tonnage.
Dardanelles Not Factor.
In the local wheat market yesterday a
wery cheerful feeling- succeeded the gloom
of Friday. There waa no change at all In
the lowil situation, yet prices ascended In
the same degree, that they had declined
the day before. The same amount of
wheat. 65.000 bushels, changed bands, but
It was a. buying rather than a selling mar
ket. The cue was plainly taken from Chi
cago. The Merchants' Exchange transactions
were as follows:
Bushels
5.000 May bluestem ..
ii.0ih May bluestem . -30.0H)
April bluestem .
5.oim April fortyfold
l.r.otK April fortyfold -
i.uoo April fortyfold .
5.IH10 April fortyfold .
!o.'0l April club-
Tons
loo prompt oats ......
300 prompt oifts
Tito April oats
1im April oots
"inn April oats
r.ml May oats
lito prompt feed barley
30O April teed barley..
. 1.44
. 1.44
. 1.42
. 1.30
. 1.40
. 1.41
. 1.4H4
. 1.4U
'. 34.50
. 35.110
. 3.-..O0
. 35..-0
. 35.75
. 3S.75
. 2O.00
. 30.00
That the market was a strong one was
shown by the fact that the closing bids In
some cases wcra higher than the price
paid on sales. The above transactions rep
resented advances of 2 54 to 8 54 cents, the
greatest gains being scored by April forty
lold. Bids elsewhere in the wheat list
ranged (roin 2 to 9 cents over those of
Friday.
Chicago quickly got over its Dardanelles
fraro and last prices were at advances of
4 cents and more. Local grain experts
r !iee that Russian wheat la not close at
hand. In spite of tho progress of the allied
fleet.
loeal conditions alone can govern this
market. In the long run. ine scarcity oi
tonnage to move the surplus has brought
prices down from artificial heights. TTie
l'ortl:ind market now is on an export basis,
and even If tonnage cannot soon be obtained,
prices appear to be more stable than they
were.
The oats market displayed considerable
firmness and 1000 tons "were sold at ad
vances of $1 to $2.75 over Friday's prices.
Uurley also recovered from the extreme
slump of the preceding day. and sales were
effected at prices $3 to $4 better than were
bid on Friday. All the barley offered on
Hie market, however, did not find buyers.
Sales on the Exchange in tho post week
were 15.-.,Hid bushels of wheat. 2100 tons of
eats and 2W tons of feed, of a total value
' of $287,770.
Total transactions in February amounted
to J.OoO.OOO bushels of wheat. 6100 tons of
oats, 1:400 tons of barley and 300 tons of
feed of an aggregate value of Sl.SUS.SDO.
Kxports from Portland in the past week
were 261. 541 bushels of wheat and 423.9S5
bushels of oats. In tho preceding week
exports were 4;5,7S8 bushels of wheat ani
1500 barrels of flour. Receipts In the past
-week were 5!0."0u bushels of wheat, com
pared with 5-2,000 bushels In the same week
last year.
Local grain receipts In February were
. large. Arrivals of wheat totaled 1.907,100
bushels, as against 1,471.600 bushels in
February last year. C'arlot receipts in
February, as reported by the Merchants)
Exchange, compare as follows:
Feb..
li)15.
Wheat 1467
Harley 21
Oats 2.j3
Flour 10
Uav 1S"
Feb.,
1914.
1132
190
97
2(1 (
210
The statistical report of receipts, as com
plied by the Merchants" Exchange, follows:
Wheat Barley Flour Oats Hay
Portland ..... o2
Year ago ... 5
Total this wk. 454
Year ago . 4'2
hea'n to date. 1 1553
Year ao ....13&47
Tacoma. Frl.. 11
Year ago .... 12
Sea'n to dale. 0r:
Year ago .... 7457
."-eattle. Thur.. 8
Year ago .... 17
rj'n to date. 83-15
Year ago .... 57S9
8 5 6 6
3 13 3 6
61 34 M 64
7S 7S 16 35
1725 1665 1761 1575
2109 2021 137S 207
3 .. 3 10
o
455 .. 530 y,10
6(H) .. 3M1 1841
1 7 1 13
13 - i 14
951 1713 963 45S0
1109 1427 1017 3841
WOOL CONTRACTING IS NOW SPIRITED
E-pcrulaliou in Clips Running Largely to
Lower , Grade.
Commenting on the contracting movement
Jn the Western wool states, the New York
Commercial's Boston correspondent says:
"Estimates vary as to tho amount of wool
bespoken in operations of Eastern interests
so far in the primary markets of the West.
Utile doubt prevails, however, that 500,000
pounds of shorn wool have been bought
outright in Arizona, while 1.500.000 to 2.
000.003 pounds have been placed under con
tract in other states. Shearing In Arizona
is well along for tlie wools that are first cut
In that state- A Boston house secured the
Campbell Francis clip at 27 cents, an
extreme price due to spirited competition.
The clip Is estimated to cost 63 to 64
cents scoured. It runs 200,000 to 300,000
pounds, i.lgra half-tlood, free and 6 per
cent lighter shrinkage this year than last.
Other Arizona clips have been sold at 20,
22 and. In some cases, 23 to 24 cents.
-"Already the contracting movement has
shown a desire among buyers to get the
clips running largely to medium wool. In
some sections of Montana. Eastern Idaho.
Northern Vtah and the Cisco district, clips
of this sort havo brought 23 to 25 cents.
Flue clolitlns has brought 20 to 22 cents.
From Southern Vtah it is reported that 20
cents has been rejected, while efforts to
contract in Nevada and Wyoming have not.
been so successful as in other sections.
The prices paid on contracts in the Triangle
section have been 22 to 23 cents for fine and
25 cents for medium clips. While the con
dition of the Boston market has been an in
centive to dealers to operate, they are
willing to pay the high prices growers De
mand partly for the privilege of the first
selections "
r.ARl.Y ADVANCE IN" BANANA PRICES
Loral Market Will Conform to Higher
((notations at Gulf Ports.
On receipt of the next shipment of
bananas local prices will be advanced half
a rent to 4Vx cents to conform with the
higher prices now asked at New Orleans.
orange are very firm and are bound to
sdaure. The shrlAerage will put up prices
if nothing else does.
Apples sold well up to the close. The
big retail sale will continue another week,
and the Blue Diamond brand of Hood
River Newtowns will be featured. They
will sell a quarter higher than the Red
iJiamonds. "
Receipts due Monday morning are a car
each of celery, Iottuce and San Francisco
mixed vegetables.
MOVEMENT OF ONIONS IS LARGE
bhipiurnts in February Were Record for
Tbat Month. ,
More onions were shipped out of Oregon
In the past month than In any previous
February in years. Twenty-two cars were
sent out in- the last week and several more
cars were ordered to go forward In the
coming week.
Only 168 cars now remain in Oregon
growers' hands. The demand is general
and promises to improve, es California
stock is getting in bad shape. Agents of
the Oregon association can sail everything
the growers offer. There has been no
change la price.
Demand for Hops Continues.
No business was reported In the local
hop market yesterday, but demand con
tinues for both spot and future bops.
California advices noted the purchase by-
Proctor of 876 bales of Butte County hops
at 954 cents. Waroa Jones, of Sonoma,
made a contract with Uhlmann for 20,000
pounds, one year, at 12 cents.
Foreign markets are firm.. A Stuttgart
letter says that market has advanced 6 to
10 marks per 50 kilos.
Shipping; Orders Take Ear: Supply.
Out-of-town orders took care of most
of the egg supply yesterday. Local buy
ing was limited. The bulk of the business
was reported at 1SV4 to 18 cents, case
count.
Poultry receipts were light and cleaned
up at unchanged prices. Dressed meals
were also steady. -
The larger creameries put . out the new
butter quotation of 34 cents,
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland si.722.StWJ $170,400
Seattle .. l,TU3,iS 127,035
Tacoma -. 212.722 24,::S5
Spokane 645.47U 6S,31
Clearings of Portland. Seattle and Tacoma
for the past week andcorresponding week
in former years were:
Portland. Seattle.
Tacoma.
?l.GO2,04u
1,757,579
2.840.304
4,138,374
4.212.002
5.10U.343
5,005,005
3.654,669
4.501,942
.3,01,4S9
2.714.507
2.222.4S3
2,146,782
1015. . .
11(14...
11113. ..
112. ..
Iftll. ..
1!H.
lll. . .
19"S. ..
m7...
loot;. ..
1!I05. ..
11M14. ..
1!I3. ..
.$ S.304.851 5 , 185.O10
8.7,ih.4yo io,;-..iv
12,lt'3.1l
11.377.7S4
10.Hlt7.7tW
0.427.114
8.12H,titi
5.457.270
5.325.1)75
3.2!G.r,yi;
2.0S0.1I58
l::."45,5SS .
10.S3S.5O7
10.5tttl.85rt
10.933.tS37
0.1!:.KM
7.6!7.C2
B.441.HM
10,051,070
4,!KI2.!I4
4.157.07(1
3.607.277
3,145,404
1902..
2.S34.494
l,12U.00o
Portlapd bank clearings for the month
compare as follows:
February. 1915 f42.423.410
February
February
February-
1914 42,291, iii (
1913 42.S32.87H
1012 42.770.906
.'I7.7S4.345
February ,
February,
1910 36,595,724
1909 20,406,225
February,
PORTLAND
MARKET QUOTATIONS
Grain, Flour, I'red. Etc
Merchants' Kxchange, noon session.
Prompt delivery:
Wheat
Bluestem
Fortyfold
Bid.
.1 1.38i4
. 1.34
. 1.35
. 1.3((
. 1.32
. 34.50
Ask.
f 1.39
1.37
1.38
1.34
1.40
35.25
club
Red Russian
Red Fife
Oats
No. 1 white feed..
Barley
No. 1 feed 2M.IM -.(!
Brewing 28.0 30.00
Mran 24.75 27.00
Shorts 26-OQ
Futures:
April bluestem 1.42(4 1.43
M, hl.i,,tam V44H 1.45
April fortyfold- 1.41 1.42V,
May fortyfold 1-43 1.40
April club 1.41 1.43
May club 1.42 1.44
April red Russian 1.34 1.37
Mav red Russian 1.36 . 1.40
April red fife 1.36 ' 1.42
May red fife 138 1.44
April oats 35.7.', .",7.00
May oats 36.75 37.00
April feed barley 29.50 30.00
May feed barley 80.00 31.00
FLOt'R Patents, $7.20 a barrel: straignts,
1R 5(: who o wheat. S7.40: eranam. si.zu.
vilU'eed Snot prices: Bran. S2S&
28.50 per ton: shorts, 1304J30.50; rolled
hnrlav. 134 ft 35
CORN Whole, $37 per ton; cracked, $38
per ton.
HAY Eastern Oregon timothy, $14-916
vallev timothy. $12.50; grain hay, $1012
alfalfa. $1213-
Fruits and Vegetables.
Local jobbing quotations:
TROPICAL, FRUITS Oranges, navels,
$1.76 2.25 per box; iemons, $2.2503.50 per
box: bananas. 4MC per pound; grspefr-jit.
$33.50; pineapples, ttc per pounu,
serines. $1,2541.75 per box.
V KG IOTA BI-.ES Cucumbers, hothouse.
$1.251.50 dozen: peppers, 30 'if 35c pound
artichokes. 75ffS5c per dozen; tomatoes.
14.50 uer crate: cabbage, lHc per pound
celery, $4&4.25 per crate: cauliflower. 93 per
crate: SDrouts. H'tfOc per pounu; neaa ev
tuce, $2 per crate; hothouse lettuce. 75c per
box; squash, Ifec per pound; spinach, $1.25
Der box: hothouse rhubarb. S3 per oox.
OREEN FRUITS Apples. 75c$1.50 per
box; cranberries. fllt12 per barrel.
POTATOES Oregon. $1.101.15 per sack:
Yakima, U0c4J$1.15; sweet potatoes, 2o
oer round.
ONIONS Oregon, selling price, i per
sack, eountrv points.
SACK VEGETABLES Carrots, $1.25 per
sack; beets, $1.25 per sack; parsnips, $1.23
per sack .
Dairy and Country Produce.
Local lobbing Quotations:
EGGS Fresh Oregon ranch, case count,
1S4i 19c: candled. 20c.
POULTRY Hens. 13ttHc; broilers, II
&20e; turkeys, dressed, 20c; live, 16c;
riitnkM Hffr.lKc: e-eese 8 (tL le.
BUTTER Creamery, prints, extras, 34 o
per pound In case lots; fee. more in less
then r-ttMM IntR
CHEESE Oregon triplets. Jobbers' buying
price, 15c per pound, I. o. b.- aock, t-orv
land; Young Americas, 16c per pound.
VEAL Fancy, 12Vsc per pound.
PORK Block. e per pound.
Staple Groceries.
T ...1 -tnt.titntr niinttltlllnB'
SALMON Columbia River one - pound
talis, $2.30 per dozen; half-pound flats. $1.50;
one-pound fiats, 2.oo; Aiaaita pina, u
pound talis, $1.05.
hdvbv Choice. $3.25 per case.
XL'TS Walnuts. 15&Z4c per pound; Bra
il nuts. 15c: filberts. 18824c: almonds, 23
n24o; peanuts. 6ic: cocoanuts, $1 per
dozen- nec.-ins. 19(320c: chestnuts. 10c.
BEANS Small white, Hhic; large white,
614c; Lima. 6fcc; pink, 56c; Mexican, 8Vc;
havmt ft-e-
COFFEE Boasted, In drums. 18H038HC
SUGAR Fruit and berry. $6.55; beet,
$6.35; extra C, $3.05; powdered, in bar
rels. $0.80.
SALT Tlrantilated. X15.50 per ton; hall
-round. 100s. $10.76 per ton; 60s, $11.50 per
Inn rTxIrv. Xt4 ner ton.
RICE Southern head, BiifflSHc; broken.
4 nee nnnnri: .Tflnan fltvle. 4 5C.
DRIED FRUlTd Apples. 8c per pound;
apricots. 1315c: peaches, c: prunes, iiai
(an stfiDfte. ralnlns. loose Muscatels. 8c: un
bleached Sultanas, 7 c; seeded. 89c: dates.
Persian, 10c per pound; fard, ai.u per dox,
currants, 8 812c
Hope. Wool, Hides, Etc
HOPS 1914 crop, 12S14V4c: 1613 crop,
19- nAn1
HIDES Salted hides, 15c; salted bulls,
10c: salted kip. 15c: salted calf, 19c; green
hides. l.'lHc: green bulls. 9c: green kip. 13c:
green calf, 19c; dry hides. 26c: dry calf 2Sc.
WOOL Eastern Oregon, coarse, 2225c;
Eastern Oregon, fine, 1820c; Valley, 250,
nominal..
mom a TP 1914 rliD. 27c oer nound.
" CASCARA BARK Old and new. 4!4c per
pound. .
PELTS Dry long-wooled pelts, lc; dry
short-wooled pelts, lOc; dry shearings, each,
1i011,. aaltut hecirlnsrfl. each. 15u325c:
drv scats, long hair. each. 1212ViC: dry
goat shearings, each, 10c to 20o; salted
sheep pelts, February, $1 ft 1.50 each..
Provisions.
HAMS All sizes. 1718c; skinned, IT
plsc; picnic. 12c; cottage roll, 1314c;
broiled. 192Sc. . .,
BACON Fancy. 272c: standard, 239
24c: chol.-e. 17Hse22c: strips. 17Vtc.
DRY SALT Short clear backs, 13j)15yic;
exports. 15 17c; plates. llHWUO. '
LARD rterce oasis; iveuio j-enucrw,
wtfindnrd. 12c? comDound. Rtc
"b'aRREL tiOODS Mess beef, $23; plate
beef. $24.50: brisket pork $28.5"; ptcKtea
pips' feet, $12.00; tripe, J9.50ll.60; tongues,
$25 30.
Oils.
KEHOSSNE Water white, drums, barrels
or tank wagons, 10c: special drums or bar
rels. li,c: cases, 17 Vi b'20 14c
GASOLINE: Bulk, 12c; cases, lc: engine
distillate, drums, 7 Vic: cases, 14Uc; naptha,
drums, lie; cases, 19c
LINSEED OIi, Raw, barrels, T1c; raw,
cases. 76c; boiled, barrels, 73c; boiled, cases.
"TURPENTIN15 In tanks. 60c; In cases,
67c; 10-case lots, le leas.
Xavsi8tores.
SAVANNAH. Ga.. Feb. 27. Turpentine
Firm. 42c. Sales. 242 barrels; receipts, 53;
shipments. 58: stocks. 23.SSH.
Rosin Firm. Sales, 11S0 barrels; re
ceipts 402: shipments, 1475; stocks. 129.
32ti Quote: A. It, 12.92 '4: C, D, E, 3.02's;
F M.O.V G. $3.156)3.15; H, $3.0714: I.
$3.15; K. $3.25; M. 1. X. fi; WG. $5.15;
WW. $5.50.
London Wool Sales,
LONDON. Feb. 27. The offerings at the
wool auction sales today amounted to 8400
bales. This small selection was eagerly ab
sorbed at full prices Americans often .pay
ing 20 per cent advance for suitable par
cels Scoured merinos realised 2s 5 H; d and
greasy merinos Is 9d. The home trade and
Americans bought freely, while France was
a moderate buyer.
COPPERS ARE FIRM
Stocks Stimulated by Rumors
of Foreign Purchasing.
OTHER ISSUES IRREGULAR
Trading: in Bond Division Is Also
Ughter More Cheerful Tone
' Prevails In London Market.
Foreign Exchange Easier.
NEW YORK. Feb. 27.-Tlrregular prices
and moderate trading were the features oi
today's two-hour session on the Stock Ex
change. The market trend was upwara
the outset, followed by general declines ana
en uneven close-
Amalgamated Copper was strongest oi me
active list, its rise being accompanied by
rumors that large orders for the metal had
rumlvad from abroad. Other specu
lative favorites. including unuea
Steel - the Pacifies and Coalers, - made oniy
fractional changes either way.
Foreign exchange was easier, the rate for
London bills being slightly under yesterday's
final quotations, while remittances on Ger
many repeated recent low record figures.
Foreign news of interest included dis
patches of a probable Swiss loan by our
bankers. The amount mentioned is relative
ly small and if carried ont may take the
form of treasury notes.
A more cheerful tone prevailed m ionoon
markets, but the volume of operation!
there, especially in Americans, was little
more than nominal.
This week's bank statement fulfilled ex
pectations by showing few changes of im
portance. Reserves in nans; vuuiu
went small contraction with a correspond-
i In Mmvi Tjterves.
.Announcement that Western Pacific would
probably default on Its bond interest ana
that receivership proceedings would be in
stituted against the road, excited little In
terest by reason of the fact that such ac
tion had been foreshadowed.
Today's bond market was irregular, with
total sales, par value, of $,133,000. United
States registered 2s declined Vi per cent
on call during the week.
CLOSING STOCK QUOTATIONS.
. OpenHlgb,j Low Close
Amal. Copper Co
Am. Cat at F., com. .
Am. Can. com, .....
do prererrel ......
Am. Loco., com. . . .
Am. Sugar, com
Am. Smelt., com.....
Uo preferred ......
Am. Tel. Jc Tel., v
Anaconda Mining Co,
Atchison, com. .....
do preferred . . . .
B. & o.. com
Beet Sugar
Bethlehem Steel, c.
Brooklyn Rapid Tr. .
Canadian Pac, com..
Central Leather, com.
do preferred
C. & G. W.. com
do preferred ......
C. M. & St. P...."...
C. St. N. W., com
Chlno Copper .-
Chesapeake & Ohio..
Colo. Fuel & Iron. c.
Colo. South., com....
Consolidated Gas ....
Com Products, com. .
do preferred ......
53141 531,1 021 533
4U'4 4014 40141 40
2614 2614 2614 2611
21ti U2 U-iWl 2
I i 20
:102 141102 14,JU214
61 6114 60-J4I 0194
: i 99
11914 11914 11 11S;
. 2o 26 25 26
4Vx 944 9413 9414
I 17
, 65 65 05 044
3S14 3914 3S 3S14
64 V, 541s 53) 54 M
87 S7 8111 t05
15714 15714 156 T4, 157
34V4 3414 34: 31
10-1
1014
27 1 2714 27 Vs 2714
84 V 85 84 V4 S4
123
35)4 3514 3594
40 40 40 391,
2314
24
116
914
65
a
1 1614
2014 20-54 2094 20'),
27
3314 3314 3314 33
4139
31 81 3014 30
11394dl3 113 Vi 11314
259s 2544 25 94 25t4
103 V,
90 ;4
12 12 12 12
55 94 56 55 94 5514
132 132 1319a 12
26V4
1194 12V4 1194 121,
4994
12
4514 4514 4414 45 'i
8214 6214 8194 82H
23 94
100
10094 10091 10094 100 T4
18 74
10414 10414 101 10414
118
27V4 2714 2714 2794
92
16V4 1614 1694 1614
142 94 142 142 142 9,
ills
t , 19
7414
94
1
SV4
8
8214 S2V4 8174 814
1394 139 1391 13
2794 28 279. 279-t
1194
1 14
11914 119 119 11994
81 li
5414 5414 i494 5494
4214 42 4174 42 H
103
01 U 6114 5074 51V
20
94
-- ... 114
62Vi 6274 6214 62
0514 651s 00 V 05
3014
Denver & Rio G c.
do preferred ....
Erie, common ....
do 2d preferred..
do 1st preferred.
General Electric ..
Gt. North, ore lands..
Gt, North., pra.
Ice Securities ..
Illinois Central
Inter. Harvester
Interurban Met c...
do preferred .....
Lehigh Valley
Kansas City South..,
Missouri Pacific ....
National Lead
Nevada consolidated
New Haven
New York central .
N. Y., Ont. Jfc West.
Norfolk & Western.
Northern Pacific, com
Pacific Mall S. S. Co.
Pennsylvania Railway,
p. u., L & coko wo..
Pressed Steel Car, c.
do preferred
Ray Cons. Copper'...
Reading, com
do first preferred . .
Rep. Iron A Steel, c.
do preferred ..u...
Rock Island, com ...
do preferred
St. L. & S. F., 2d pt.
. do 1st pref.
Southern Pacific, com.
Southern Railway, c.
Tennessee Copper ...
Texas & Pacllic . . . .
Tol.. St. L. & W.. c.
Union Pacific, com
do preferred ......
TJ. S. Rubber, com...
U. 8. Steel Co., com..
do preferred
Utah Copper
Virginia Chemical . .
Wabash, com .4
do preferred
Western Union Telegr
Weatlnghouse .lectrlc
Wisconsin Central, c.
Total sale for h day, 90,000 shares.
BONDS.
U S Ref 2s, reg. 4N" Y C G 3H.
b SO
do coudod . 98 Nor Pac 3s.
. 62
D S Ss. reg 101 Nor Pac 4s.
do coupon . . . .101 y Union pac 4s.
U b N 4s, reg..l09HiS P 5s '
do coupon... .11041
SFECtXATIVE MARKETS CNCKRTAIX
Reflect Concern as to American Diplomatic
Situation.
NEW YORK, Feb. 2T. Speculative mar
kets continued this week to reflect concern
as to the situation facing the United States
in the present war. our Government ' pro
posals for an adjustment of points at issue
with both sides and the probable replies
were left in the field Of speculative conjec
ture. Serious views of the situation were
confirmed by Informal utterances attrib
uted to official sources tnd by the tone of
Washington's birthday addresses.
Interruption to the flood tide of foreign
trade was threatened by the reprisals be
tween belligerents. The grain and cotton
markets responded to this danger In com
mon with securities.
Foreign exchange, however, relapsed to
about the lowest. The extra hazard In gold
shipments figures in this showing, as well
as the depreciation o reign currencies on
the basis of inflated ar bond issues. Press
ure of foreign sales of our securities is there
by increased.
Announcement of the Federal Trade com
mission membership and complaints from
corporation officials gave texts for discus
sion of new business adjustments to be
faced. Japan's demands on China added to
the weight of International problems.
Good prospects for new financing were
unimpaired, further new issues being placed.
short term notes again predominating. The
bona marKet as a wnoie was somewhat
over as the result of steady offerings of
high-grade Issues for- ETuropea-n account.
Figures already at hand give assurance
of another month of unprecedented exports.
E
IsOAAS OF- FEDERAL BANKS GAIX
THREE MILLIONS.
Three Southern Inatltutlona Hold
Per Cent of Total Amount of
Commercial Paper.
WASHINGTON, Feb. S7. Bills discountee
and loans made by Federal Reserve banks
have increased about S3.wu.utH during the
last week, according to the statement of
condition on February 26. issued today by
the Federal Reserve Board. The statement
showa:
Resources
Gold coin and certificates $243,909,000
Legal tender, notes, silver cer-
tilicates ana suosiaiary coin., zs.uso.uuo
Total 277,994,00O
Bills discounted and loans-
Maturities within 30 days $ 7.656.000
Maturities within 60 days 7.102. 0 00
Other 5,711,000
Total
. SO, 468, 000
Investments
17,417,000
Due from Federal Reserve banks
Items in transit $ 5'2?5-?2S
All other resources 7.763.000
Total resources $331,(33,000
Liabilities
Capital paid In - ,?6.'?,S ?'??,?,
Reserve deposits 290,330,000
Federal reserve notes in circula- -
tion (net amount) 5,328,000
Total liabilities ' $331,733,000
Gold reserve against net liabilities, S6.6
Cash reserve against net liabilities, $6.7-:
per cent.
Cash reserve against liabilities after set
ting aside 40 per cent gold reserve against
net amount of Federal reserve notes in cir-
Kculation. 97.7 per cent. .
in its analysis oi ine wee.
Fays :
"The three Southern banks, Richmond,
Atlanta and DaHas. report over 75 per cent
of the total amount of commercial paper
held by all the banks. About $1,900,000 of
acceptanoes were bought by the New York,
Philadelphia and Boston banks during the
past week. As this paper matures only
vithi. ei) rinvn fcl.o nmiiortion of short
term maturities Is" smaller than In previous
weeks, the percentage oi ao-uay
showing a decline from 43 to 37.4 per cent
and that of 60 days from 39 to a little
over 34 per cent. The amount of Invest
ments for the week shows an Increase of
$2,100,000. Of the total of $4,406,000 ot
United States bonds on hand reported by
.1 Konlr. fhlr-oir lnnii renorted $3,12o,00O.
Aggregate deposits show a gain of $4,900.00 .
SMALL PECBE.yE IN EXCESS RESERVES
New York Banks' Loans Expand Ten Mil
lions in Week,
NEW YORK, Feb. S7. The statement ot
the actual condition of ..learing-house banks
and trust companies shows that they hold
$134,761,700 reserve In excess of legal re-me-its.
This Is a decrease of $2,412,7uO from
it, Dt n.oolr The statement follows
Increase
Loans $2,297,504,000 $10,556,000
Reserve in own
vaults ' 303,494,000
Reserve in Federal
. reserve bank . . . 113,066,000
Reserve in other 1
depositaries TW.OOS.OOO
Net demand dep'ts 2,169,702,000
Net time dep'ts 98. (4b.000
Circulation 39,118,000
lt6S2,Q00
1,370,000
217,000
13,050,000
749.0OO
297,000
Decrease.
.-. hi-.i '00 700.00O la SDecie.
A B-propfl r reserve. 5ol.568,V00. Exces
rprvft. S.VA4 701.700: decrease, S2,412,o0.
Summary of state banks and trust com
panies in Greater New York, not included
in clearing-house statement:
Loans, etc $ 500.042.700
Specie 44,104,400
Leral tenders ..... 10, 1O1.60O
Total deposits .... 631,3i8,aoo
Increase.
J 4,76, bUO
134,200
1tt,200
Ronu.' '.h reserve In vault 10,839,000.
Trust companies' cash reserve in vault, 43,-
367,000. '
Money, Exebanffe, EtC
NEW YORK, Feb. 27. Closing: Mercan
tile nnnr '1U (ri) X ner cent.
Sterling exchanRe, easy. Sixty-day bills.
$4.7fs7.",; for cables. 4.W)25; lor aemana,
$4.7975.
Ear silver, 4SC , t J
Government bonds, steady; railroad bonds,
Irregular.
LONDON. Feb. 27. Bar silver, 23 l-16d
ri.r- nuni-o MfincV. 1 T T Cent.
Discount rates Short, bills and three
months, 17-101& per cent.
SAN FRANCISCO, Feb, 27. Silver bars,
4ST4c Drafts Sight, 02 per cent; tele
graph, 05 per cant. Sterling Sixty days,
SHEEP MARKET STRONG
SUPPLY BETTER AT CL.OSE OK THE
WEEK BIT STILIi SHORT.
Total Kan t Ynrd In February Does
Not Equal That of the Same
Month Last Tear.
The run at the Portland Union Stock
yards In the past month did not equal that
of February . last year, but Xor the two
months of the current year, there has been
a fair ealn in cattle and hogs over the re
celpts in the corresponding; period of 1914.
The decrease has been mainly in the sheep
movement. With wool bound to be unusu
ally high this yeal, sheep liquidation will
probably be limited until after shearing
The statistical receipt report of the Port
land TTnlan Stockyards Company follows:
Cattle. Calves. Hoks. Sheep. Cars.
Feb. 1015.. &.u2 132 20,133 18.648 4V0
Feb., litlH. . 5,Ui7
11.21& 23.505 5t4
Increase
Decrease . . 033
Yr. to date.U,42a
Last year. .10,8U
Increase .... u'J'd
4.S1T
34.1S0
51,733
104
loan
1122
2Jj
1U1
05,445
4J.S60
Decrease
17,553
42
Saturday's market was chiefly a sheep
market, and while top prices were not
realized, the market was strong. Receipts
yesterday were 279 hogs, 1429 sheep and 1
steer. Shippers were:
With hoisa C. K. Lucke, Canby. 1 car;
F. B. Decker. Hubbard, l car: Barclay 4.
Cummlntfg. CorvallU, 1 car.
W'ilb sheep F. Schwartz. Dillon, 4 cars;
W. Sheuherd. Dillon. 2 cars.
With mixed load George Zimmerman,
Carlton. 1 car cattlo and hogs.
The sales In detail were as follows:
Wt. Price, i Wt.Prlce.
30hOKs ... ll ?6.(KilS8 ewes . ... 401 Jti.oo
247 lambs. 73 K.o171 ewes .... 107 6.00
207 lambs . 84 a.25,lS8 ewes .... 103 0.00
73 ewes ... 87 ii.2A160 ewes 101 O.0ft
lhttewes 10O
'The weekly market report of the Portland
Union Stockyards Company follows: .
"Tho receipts for the week have been:
Cattle. 1008; calves, 31; hogs, SS43; sheep,
4416.
Cattle receipts have been only moderate
this week and have taken a lower level
in price. New prices established are 15
to 25 cents lower than former prices. The
market Is considered steady at $7.75 for
top steers and other lines in proportion.
"The receipts of hogs have not been as
Inrge as ordinarily and consequently prices
have advanced, top prime light hogs bring
ing $7 at close of week.
"The sheep market can best be character
ized by the one word, 'excellent.' Prime
lambs aro bringing IS.25 and extra good
quality a quaver more than this fugure. All
killers seem short of supplies."
The following sales are representative of
the week's trading:
Wt.Prlce.
26 steers ..1192 $7.73,219 ewes .
25 steers ..1175 7.48 15 wethers
S7 steers ..1123 7.25 90 cows .
Wh. Price.
. 111X6.00
. 101 7.15
.1116 6.50
122 steers ..1131 7.00 1 cow ..
... 941 6.25
...1350 5.75
1073 5.50
1 bull ...1431 B.50 4 cows
1 stair ...1211 G.751 3 cows
1 heifer. .
790 6.75 206 hogs . . . 185 6.85
7 calves . . 152 7.501141 hogs
186 tt.id
181 6.70
141 lambs . 5 8.25ii0i hogs
803 lambs..' 74 8.00 6 hogs
156 6.60
Prires current at the local stockyards on
the various classes ox siock:
Prime steers
... 17.50 7.7S
... 7.25407.50
... 6.757.2
... e:oo6.ao
... 5.006 00
... 6-00 J 6. 25
... 8.50O6.00
. .. 4.50 m 6.00
... 6.25 7.00
... 5.86 6.10
. .. B.0OT.15
... 5.00 6.15
. .. 7.00V8.&0
Choice steers ..
Medium steers
Choice cows...
Medium cows ,
Heifers .......
Bulls
Stags
Hogs
Light
Heavy
bheep
Wethers
Ewes
Lambs
Omaha Livestock Market.
SOUTH OMAHA. Feb. 27. Hogs Receipts
to :tnn markpi uteadv. Heavv. 6.45 G.oi W :
light. $.408..'5: pigs. $5.506.2i; bulk OI
sales, xe.'l.'i&e.aztt.
Cattle Keceiius ."". marxei bicmj.
tlve steerj, Xd.OOiff 8.85; cows and heifers.
s.j.OOTO 7.00 : western steers. (u.di.u,
Texas steers, X5.75(i 7.10; cows aud heifers,
I4.7fxB6.50: calves, 7.00 10.00.
fctneop Jteceipis iuvu, ninmcb ct-
Ungs. t $7.75 47 8.50; wethers, JB.i0gi.au;
lambs. $8.uOa.uu.
Chicago Livestock Market.
rmrinn Feb. 17. Hoes Receipts 20,000,
market active, early decline of a shade to
5c regained. Bulk, $6.55 (a 6. 65; light. $8.4.)
6 75; mixed. $0.40' 6.70: heavy, $6.15
6 65- rough. $6.J56.25; pigs. $5.75a.75.
Cattle Keceipts "u, market Ac
tive steerj. $3.50&9.00- Western. $3.10S7.60;
cowe ana neners, s.ouioy i.iu. mi i.vviu
10.50. '- ....
ghe.ep Receipts limu. marKet steaar.
Sheep, $U.757.60; yearlings. $.oom.j;
lambs, $75ljf 9.40;
Coffee Futures.
vsw YORK. Feb. 27. The market for
coffee futures was steadier today on cover
ing and a little traae buying, wnico neeunu
to be encouraged'by the advance of 5-32d
i h rat nf Rio exchange on London ana
somewhat smaller primary receipts. Houses
with European connections were again niuu
rte buyers of near months and after
opening at an advance of 5 to 7 points,
tho market ruled generally steady, closing
at a net gain of 4 to 6 points. Sales, 10,500
basi. March, 3.30c;- April. 5.55c; May,
50c; June, 5.63c; July, 6.65c; August,
614c- September, 6.S3c; October, 6.89c;
November. 6.94c: December. 7.O0c.
Spot quiet; Rio No. 7. 7c; Santos No.
4 9aic
'Mllrels prices were unchanged in Brazil '
yesterday.
CREDIT 10 BE GIVEN
Efficient Relief of Foreign Ex-
change Tension.
NO NEED EUROPE'S GOLD
Steel Industry Continues to Make
Most Favorable Reports Bright
Outlook for Agricultural Sec
tions Course of Securities.
Henry Clews, of New York, writes of the
foreign exchange situation nd other finan
cial -matters:
War Influences continue to dominate the
stock market. This week, sterling exchange
broke to 4.79, the lowest figure recorded. A
sharp recovery fouowed upon rumors that
large foreign government credits were to be
established on this side: but the crisis In
exchange necessitated fresh adjustment to
war conditions, which are now being more
keenly felt than at any time since the
strugxla began.
Our foreign trade is being conducted under
very abnormal ana unstable conditions, m
December the loss of Imports was about
$70,000,000, chiefly In raw silk, wool, coffee,
copper and textiles. Kxports during the
same month increased about $12,000,000
over last year. Considering the heavy
shrinkage in outward bound cotton, copper
ana oil, this increase was remarsaoie; Do
ing entirely due to extraordinary shipments
of foodstuffs and war materials. The net
result of December's foreign trade was an
excess of $130,000,000 in exports. The bal
ance has been steadily growing during Jan
uary and February; so that It is now esti
mated that the excess of exports has arisen
considerably above $200,000,000 since the be
ginning of the war.
Of course the exchange market Is de
moralized by such unusual conditions, and
emergency measures were necessary. The
great banks of Europe are unwilling to part
with their gold holdings for obvious reasons,
and it is not to our interest to embarrass
them by drawing gold, especially as our own
stock Is more than ample for requirements.
London displays phenomlnal . financial
strength, not only in Its ability to finance
Britain's war, but also by its capacity to
render finan6lal assistance to the allies
Under the circumstances the most rational
relief to the exchange crisis suggested is the
establishment of big credits in this market
for Great Britain. France or any of the
allies whose credit may be satisfactory.
The belligerents will continue to want food,
stuffs and war materials, and we are for
tunately in a strong enough position to eas
ily give the credit necessary on such pur
chases until more normal conditions are once
again In sight. For us at least it would be
far better financing to grant the needed
credit, than to force gold or security imports
in payment at this time.
Orders Placed for gteel Products.
General business is again making time.
The spirit of confidence which began to de
velop after the Fall elections is still main
tained, but so far as positive action is con
cerned, progress is exceedingly slow. War
Imposes strong restraints. The volume of
business shows only slight gains. Industry
Is somewhat more active, but there la still
room for a large degree of Improvement.
Orders are being placed with more free
dom by the railroads for steel products, and
to this extent Improvement can be reported
in the great basic Industry, all of which Is
at least encouraging and strengthens the be
lief in a permanent turn of the tide. The
building trade also shows partial signs of
recovery, the easier conditions of the money
market and the low price of many raw ma
terials serving to somewhat stimulate con
structive operations.
The most prosperous sections of the coun
try continue to be the agricultural districts,
where the good harvests of last year and the
high .prices obtained for agricultural prod
ucts are making certain regions exceedingly
prosperous. It Is quite natural that the
communities and Industries dependent upon
agriculture should share tfils prosperity. The
result is that the country's trade as a whole
Is In a spotty .ind somewhat confused con
dition. Some Interests are. of course, also
profiting from the war. Nevertheless, these
orders when all combined will constitute
but a small - fraction of our total domestic
and foreign trade. Bank clearings are still
running 12 per cent to 15 per cent below
last year. Idle cars show a large Increase
compared with November. Railroad earn
ings are unsatisfactory. In December the
decrease on the roads reporting was 10 per
cent, and in January their earnings showed
practically no Improvement, but as the
benefits of the recent concessions in rates
begin to appear, better results should fol
low.
Investment Situation TJnchanged.
The Investment situation le unchanged.
There has been a fair demand for new is
sues; quite as good as could be expected In
view of many perplexing conditions. The
possibilities of large foreign demands for
new capital appearing on this side keep the
investment outlook somewhat unsettled. It
is quite certain that to offset the losses
from war there will be heavy Inroads upon
the supply of new capital, and good rates
of Interest are equally sure to be demandea.
Quite a number of securities, however,
can be selected In this market wnich al
ready offer handsome returns to the pur
chaser, and the growing belief of brighter
times ahead seems to be an effectual bar
rier against any Important decline. The
market is thoroughly liquidated and foreign
selllns is far from being the element of
weakness that was feared. At this time
there Is little fear of any further serious
foreign liquidation.
In addition to the belief that liquidation
Is nearly ended and that better tmes are
ahead, the conviction is also growing that
the war will nof be as long as at one time
feared. . Prophecies are hazardous, and yet
indications of exhaustion are too evident to
be auDnressed or disbelieved. When the end
of the war is In sight, a sharp upward move
ment must be expected, jaeanwnue. now
ever. stock market operations should be
conducted with persistent conservatism.
Sharp fluctuations are inevitable owing to
the chances of war, the uncertainties of
which are proverbial.
Thero is one fundamental factor upon
which to hulld confidence: that Is there will
be a good demand for our food products for
months to come, war or no war. We have
Dlentv to spare for export from the crops
of 1914 and all indications point to a large
acreage In 1915. Europe It Is certain will
raise small crops next year, even If the war
i.rmlnatpi earlier than expected. For many
reasons European soil cannot be adequately
tilled this year and It will be years Derore
the devastated districts can rully recuperate.
We may be sure, therefore, of profitable
nr(R for our surplus food products for
some time to come. Additional reasons for
confidence are the early adjournment of
Congress and the failure of the ship-purchase
bill.
BAN FRANCISCO PBODCCB MARKET
Prices Current In Bay Ciiy on Fruits, Vege
tables, Etc
SAN FRANCISCO, Feb. 27. Butter
Creamery, S8c; store, 27c.
Eggs Fancy ranch, 21c; pullets, 18Hc
Cheese Sew. 1014c; Young Americas,
Utt15c; Oregons. 14V4c
Vegetables Bell peppers, 7lac; do.
Chile, 716o; hothouse cucumbers, tOoO
$1.10: eggplant. 47c; sprouts, 22V4c.
Onions Yellow. SOJDOOc.
Fruit Lemons, $1.60$.IV: bananas,
Hawaiian. $1.50:; pineapples, do., $1.1:5
$; California apples, Newton Pippins, 6S0
0c: Bellfleurs. 25j50c; other varieties 50
t75c; do. Oregon, Newtown Pippins. $10
1.25; Wlnesaps, s.'.ci&iXl.lO: Baldwins, 70
$1; Bpltxenbergs, ll.861.60.
Potatoes Delta, Oc $1.15; '.Oregon. IL40
Iff, 1.50; Lompoc. 1.60&1.75; Idaho. UOcvt
$1.30; 'sweets, $1.75$-
Receipts Flour, 496$ quarter sacks; bar
ley, 2110 centals;, potatoes, 1410 sacks; hay.
$63 torn.
Metal Markets.
NEW YORK. Feb. 27. Copper steady.
Electrolytic, 14.7514.87Hc; casting, 14.2S
14.42C
Iron unchanged. '
Dried Fruit at New l'ork.
NEW YORK. Feb. 27. Evaporated apples
dull. Prunes, steady. Peaches, quiet.
Hops at New York.
NEW YORK. Feb. 27. Hops quiet.
HIBERNIANS TO PAY HONOR
Programme to Be Given on Anniver
sary of Robert Emmett's Birth.
In commemoration of the 137th anni
versary of the birth of 'Robert Emmett,
the Ancient Order of Hibernians will
give a musical and literary programme
in Hibernian Hall on Thursday, March
4. at 8:15 o'clock
Judge Henry E. McGinn will deliver
the principal address on itooerr. .cm
mett. The programme roiiows:
"Memories of Ireland," Clifford'
Juvenile Orchestra: (a) "God Save Ire
land." (hi "Let Erin Remember,
Hibernian chorus; opening remarks by
the chairman, D. w. Lane; vocal soio,
"Irish I.ullabv" (Olcott). Mlas France
McCarthy: recitation, "O'Connell'
Emancipation Bill." Joseph C. Elvers
overture. luvenile orchestra; "The
Sonsrs My Mother Used to Sing." Mis
Hannah Gilroy; oration, Judge Henry
E. McGinn: tenor solo, "Kathiee
Mavourneen." Robert E. Barett; trie
pianist, W. J. Carkeek; "An Irish Love
Sonir." Mrs. Winifred FlanlKan: -An
Irish Fantasy." orchestra; solo, "My
Wild Irish Rose" (Olcott). Miss lv
Lyons: "A Sprig From Old Ireland.
J. F. Blshoff. Miss Margaret Owens,
accompanist; "The Star-Spangled Ban
ner " Hibernian chorus and audience.
The committee in charge of the af-
fair consists of t. W. Lane, A. B.
Cain, D. P. Hogarx, A. J. Campbell an
J. P. Walsh.
COMBING WOOLS RISE
MARKET OTHERWISE CJiEVEXTFlX
IN PAST WEEK,
Shearing- la Being: Done In Small Way
In This Vicinity Sales Made
at 25 Cents la Grease.
The weekly market letter of the Portland
wool warehouse follows:
The past week has been uneventful in th
way of sudden rises, but there has been i
ateadv movement all the time and. whll'
wools have not materially strengthened as
a whole, tney have In some instances i
vanned M to 10 Der cent. This Is true on thi
one-quarter and three-eighths-blood comb
inir wonlfl.
The embargo remains the same, although
Americana are ouerattnr freely in Mel
bourne, Australia, with the hope that either
the embargo will be leu out entirely or
permits can be secured for export to the
United States.
Fine w3ols have been In more doman
lately and, while no better prices are
auoted. there la a firm undertone witn emai
stocks offered and we look for a better an
stronger market on this class of wools in
the near future.
Portland and vicinity A little shearing I
going on around here all the time and we
can roport sales of fine wools at 250 In
grease. Also an offer through ua to
prominent sheen man of 290 for Llncot
iambs was refused. The otter was from
Kastern parties.
Mohair Mohair Is still at a standstill
and nrices auoted are the same as the pas
few weeks, and any decided rise will be
known by ua and given out freely to the
trade In advance. Advices from Yorkshire
state that some buying for America has
occurred, but not heavy, (.generally, monair
Is too low rn compari&or with wools with
which It blends, and a better market la
looked for before Spring shearing starts.
Below we give Eastern market prices:
KhhIptti Oremn and similar wools
ecoured
Grease.
Fine staple 242fc
Fine clothing 20 V 22c
Basis.
7,1j75u
1 'I'TOO
hnn medium staple ffi
MI7
Fine medium clothing . . . . . 2.'1 r 2,o
05 y 6Ho
One-half-blood combing. .. ,2olt 2c
72 If 7
Three-eighths-blood comb'g.31 'ttXia
One-ouarter-blood combing . f 3 'd 34c
fi7Sc
s jj 72c
Willamette Vallev and similar wool
One-quarter-blood combing. 34 3flc 872c
Three-eighths-blood comb g..14'U 36o 0SW72C
One-half-blood combing. .. .Soi'32e 72W70O
Low wojled lambs. 2Sc to o0c. In grease.
Cotswold and similar wools. 290 to .lie.
Above prices In accordance with shrinkage
nnd general condition delivered Eastern sea.
hnnril rwrmlnalK.
Mohair Best comhlng, 3fltfinsc; good
combing. ,14:i."c; ordinary combing, .K'if
32c: best carding, R3t3!; good carding,
'2Hrfr30c! ordinary carding. 23&V20C.
Pelts, etc. Pelts aro in good demand and
on consignments this week a good 10 per
cent advance was realized. Tone of markets
stendy.
PORTLAND WOOL WAREHOI'SE CO.,
03 Stock Exchange bldg. Main 3392L
Chicago Dairy Produce.
CHICAGO. Feb. 27. Butter Unchanged
Eggs Lower. Receipts. 9109 cases, mt
mark, cases Included. 20 if 21c; ordinary
firsts, 20c; firsts, 21c.
Americans Steady at London.
LONDON. Feb. 27. The American section
of tho stock market was quiet today. Deal
in vora recorded in Canadian Pacific
Union Pacific. Atchison, Topeka Santa K
and some Iow-prlcta snares. ine closing
was steady.
New York Sugar Market.
NEW YORK, Feb. 27. Sugar Raw, nom
inal. MUlttBaea Busur. i, miuuuiai, .,
Heilned, steady.
Duluth Linseed Market.
DULUTH, Feb. 27. Linseed, cash, $1 84
May, $1.80 X; July, $16".
Cotton Market.
NEW YORK. Feb. 27. Spot cotton quiet.
Middling uplands, 8.36c; no sales.
Elgin Bulter Market.
ELGIN. 111., Feb. 27. Butler Weak,
29c,
Ilquor Sale Costs Man $100.
OREGON CITY. Or.. Feb. 27. (Sne
cial.) A tine of $400 and a sentence of
80 days in the county Jail on a charge
of violating the local option law was
Imposed on Claus Krohn by Juntioe- of
the Peace Sievers today, r rank f mai
ley. who waa arrested with Krohn and
pleaded guilty, received a sentence of
30 days in Jail, less one week he has
already served since his arrest. Jvronn
and Smalley. with K. A. enurenman,
were arrested a week ago today in a
raid on an alleged blind pig across
from the city Jail. Churchman was I
quitted, yesterday in the Justice Court
DAILY METEOROLOGICAL REPORT.
PORTLAND. Feb. 27. Maximum temper
ature, 49.2 degrees: minimum, 44 degrees.
River reading, S A. M.. 4 feet; change In
last 24 hours, .8 foot rise. Total ralnfull ."
P. M. to 5 P. M.), .HO Inch: total since Sep
tember 1. 1914, SI. 75 Inches; normal, 3I.:1S
Inches; denciency, v.tA incnes. loiai sun
shine, none; possible. 11 hours, 1 minute,
Barometer (reduced to sea level), 5 P. M.,
30.04 inches.
THE WEATHER.
1
A
P
f
C
2
Wind
Ftate ot
STATIONS.
Baker
liolse
Hoe ton
Cftlsary
ChU-aKo
Denver
Te9 Moines
Duluth
Eureka
Galveston
Helena
Jacksonville
I,os Angles . . .
Marshneld
Minneapolis ...
Montreal
New Orleans .
New York
North Head . .
North Yakima .
4M(r.oni k sk ,rt. Woudy
Mto.00 S;h.5 Pt. cToudy
a-'O.tKiilMlNWK'Iear
I 4o 0.m ("aim '"loar
WU.34i ; SW Pt.. cloudy
;t4 (.im)j1i';NK :riouJy
22 0.0't 4 S W nieur
M'O.Srtl S'N lenr
4S l.Hrt 8 K CUar
4H 0.4JO' 4 SB Dear
.(..4-. H! N Hahi
tfSO.UOj S SW Cloudy
M O.Hl) SW Tloudy
a o.oo; o SK Cloudy "
20i T. 8 N W Cloudy
,- 1 . OS 14 XK friain
:in n oou- V w Clear
i,iiu.e:,ii:s Pt. cloudy
48'". (Ml 4 NW Kiltn
Phoenix
04 0.00, 4 K
44 0.00! 4 S
f.O O.rUSi 4 K
i lenr
f'lear
floudy
Pot atello
Portland"
Hoseburif
JW'O.oHi 4 W 'Pt. cloudy
Sacramento
BS'H.ol! S W 'Rain
;ut o.nol 14' N K Icioudy
40 0.02 4 W Cloudy
fSK 0.021 S HW Kuln
fHVO.ns'10 S Ualn
4SUt.o) 4 SK .Cloudy
4S 0.2o 4 : S W Knin
1.2 0.3X1 4 K Pt. iMoudy
rl;0.oo' A W Cloudy
W.O.oo .ti NW clear
24! T. I S (Cloudy
St. Louis
Salt Lake
San Francisco .
Seattle
Spokane
J acoma
Tatoosh Island
WaMn Walla ..
AVashlnKton . . .
Winnipeg
WEATHER CONDITIONS.
A larjro hiKh-prensuve area is central over
Minnesota and the barometer ts relatively
low on the Pacific Slop. Llnht rnln lia
fallen in Washington, Western Oregon,
Northern California, Northrrn Utah, New
Mexico. Oklahoma and the Gulf stutes and
snow has occurred In Colorado. Kansan, Ne
braska. Missouri and the Lower Luke re
gion. The temperature chanted since yes
terday have been, unimportant. i
The conditions are favorable for showers
Sunday in Oregon, Washington and North
ern Idaho. Fair weather will continue 10
Southern Idaho.
FORECASTS.
Portland and vicinity fcshoweri; southerly
winds.
C)reon and Washington Showers; south
erlv winds.
Idaho Fair south, rain rurih portion.
EDWARD A. BEALS, District Korcatur.
BUYERS RULE PIT
Substantial Advances Occur-in
Wheat Prices at Chicago.
WEAK HOLDERS SHUT OUT
Increased Demand fur ICsfwirl and
Milling Account lj-tlmmrs of
Argentine Exportable Surplus
Ilcduccd Liverpool Strndy.
CIIICAOO. Tfb. 17. It mor on .
count of a chsnss of testing than brcaiua
of a count; of nwi that th. wheat rn arte M
today .cored a aub.tantt.l .r1anr. Inlrl
llaeno. that 40 warship, had tnr'd a
pa.sag-a ..varal rnlle. up th. D.rtJan.ll'.
did not raach here until .rt.r tr.dltir hours.
Price, closed atronit, 2i to 4 Wo above laat
nlffht. Other n.t aatn. were: t'orn. S Vi o to
JSttJSc; oats. li,o to ltflSc, and pro
vision. Bo to lHc
Buyer, ruled the wheat pit toilav. VI-.
tually all ot th. decline In th piererlinc
sesston waa overcome Th. violent etha-a
had apparently accomplished a drastic
clearing out of weak holdings, and had
riven fresh stimulus to espoit and mllilna
demand. Sentiment favoring the bu:l sine
was also encouraged by th. fart that Liver
pool quotation. falleA to reflect fully re
terday'ei decltn. here. There were besldee
continuing- reduction. In th. estimate, of
tho Argentine exportable anjrplus.
Shipping and export .ale. amounting to
about 800,040 bushels put th. corn market
on th. upgrade. Must of th. time ahorta
were in a scramble to cover. Kaln and anew
In the Southweet formed a handicap on lh.
bears.
Seaboard demand remained urgent a to
oata Sale, to foreigner!, however, were
not reported.
In provision, th. featur. wa a rally from
early weakness. Oraln .trength finally
gave the advantage to the bulla
The leading future, ranged aa follow.:
WHEAT.
Open. High. I.ow. Close
May vl Mw
July I I' J l.Uo I '- i -
COR V.
Mfcy 71 H .74 'a .71 S .74
July 74".4 .7l' .74'., .1'.
OATS.
Mav S5S .MS .M'i
July .u &- J -MS M'
MESS PonK.
Mar 17.10 17.SH 17.10 17.M4
July 17.0 17.7iMi 11-6 17.7V,
LARD.
May 10.2.1 10.4O 10 0 in.STVs
July ...... I0.5O 10.U0 10.44 lO.tlO
SHORT RIBS.
May 0.80
July 10 ;o
n po p an
K7S
10 .17 V
10..'0 lo.i'-i
f ash price. wr:
Wheat. No 2 red, $1.404 0 ; No. 3
hard, fl..r04 4l.o:St.
Corn, No, 4 yellow, 8ff0c: No. while,
Itye, nominal.
Hurley. 7fc sic.
Timothy, .VMl'r ;.n.
("lover. jl IM 11 ".
Primary receipt. Wheat, MH.nnrt va. 4.-
000 bushela-; corn. n. HT.cKIO bush
els: ote, S 3,0011 vs. 602.l"O bushela
Shipments Wheat, i.0iK vs. rO4.M0
bushels: oorn. tn,in vs. ajn.ovu bushel.,
oata. A95.OH0 vs 613,000 bn.hels.
Clearance Wheat. t4.o bn.hols: corn,
:r.;,t)0l) bushels; oata. 1,0.13,000 bualirls.
flour, 21,0UO barrels.
Kuroiwan Oraln Markets.
LONDON, KVb. .7. Cargoes on. passage
Wheat Is lower.
LIVERPOOL Feti. 1:7. Wheat. d to IStd
lowjr; coru '.I lower.
Minneapolis Oraln Market.
MINNKAfOLIS. Keh. 2T Wheat M.y.
11.444 U 1.44 ; July. I.H4: No. I hard.
$1.4U; No. 1 Northern, l.4 i. U1.104, ; No.
2 Northern. $l.i'i l.W.
Barley lA n (mc.
Flax fl.bl fcttl.MV
Other Kaelern liraln Market..
KANSAS CITY, Feb. V7. Wheat closed:
May. tl.401, bid; July. II.IK,.
ST. LOL'18. Feb. 21. Wheel closed: Ma,
$1.43 askt-u. July, II. 10 4 bid.
WINN1PEO, F'Jh. 2i. Wheat closed: Mar.
11.54". asked. July, 1.S4W.
DI'LUTII. Feb. 2i. Whest closed: Ma),
$1.41) asked; July, $14.". hid.
Ian franclaco (iraln Market.
PAN KKA.VIKfO, Feb. 27. Spot quota
tlons: Walla Wjlla, 2 .4" U 2 4'J V . red Uus
sln. 12,402.42"?: Turkev red, t2 4.'.t2 . ."';
bluestem. 2.-.tnr2. : feed bailey. H"
142W: while oats. $1 77H n I. Mi; bran. -'n
20- middlings. $:;. 14; sh.irts, $11 .'.
Call board I'arloy, stead) ; I'viembcr,
$1.40; May, H-42.
- I'uget Hoone) Orallt Market.
TACOM4. Feb 27. Wheat Hluestem,
tX.mit 1.3H; fiirtyfolii, l.S3; cluii, $1.32; r4)
1 Careuolpta Wheat 11. barley 3. oats J.
hay 10.
KKATTLK. Feb. 27. -fl
::T: f.iriyfold. $1,117
Wheal ftlue.tem,
club, $1.42, Fife,
$1.2: red Htirslan. $1.21.
Iliirlfy. lii.w per l"n.
Y esteriluy's ear receipt. Wheat 10, corn
1, hay V. Hour 7.
W lirat Drop at Willi. Walla.
WALLA WALLA, Waali.. lb. 2T.
(Special.) Wheat took a bia drop -terilay,
price, b.-lng; around $1.20 for
club with no buyers anl no aetiar..
Thi. is a 30-ccnt drop In ea than two
weeks.
Th Japane.e. It Is said, are producing
more than 20.ikio.uik tons ot coal a year
from mine. In .niprtn atm i""iin .i.ni n.,. ...
OVERBECK &
C00KEC0.
Broken, Stocks. Bond., toll ass,
Oraln. kic.
Illt-!I7 BOARD OT TRADE BfJXs.
BLfcMBKKS CHICAGO BOAKU , Or
TKADK.
Carrcepondenta of I-ngan A Bryan,
Chicago and New Vark.
MKMHKRS
New York Htock Kxchang
Chicago Stock Kxebang.
ItoMtou Mo-k Ksclmnge
i'hlcugo Hoard of 1 rail.
New York Otton Kxrhnagn
New Orleans Cotton Kxrtmnga
New York olTee hirhaogo
New York I'roduce r:xcuaogn
Liverpool tattoa Aes'n
7aiii
Pna't
4 Roup
V- r.
til year
eullrr .rests.
CONKET la tlie
grlsklww.sw.wl""1
na s It . :- so
.nfl .1 . .11 ft Hr4w.w
r4 au4 rsaiu 4l4 .lens-
COOS BAY LINE
Steamer Breakwater
Jails from tlnanarth Dock, rortl.Bd.
. M. YYrdne-alaa. Freight mm 1'tekel
Office' A4nwurh leoek. I'lmsrl Vlnla
SMOO, A-SXKi. Ity Tlekef Office, ml lk
St. I'bosra Marahall 4.VMI, MIXt.
Olt'll.M A 4 IMIK U m. a. inn
NEW ZEALAND
AUSTRALIA
Via IIONOl.t'MT and "CVA
Palatial I'assenger steamers
"NIAtiAKY." HI. HID ton. dlsplaoawietit
"MAkt R A. 1:1.100 Inns lllspiacemeag
Palling every Z dsya from Vancouver, H. f.
Apple ana.llsn Iwclflc Hullo ar Co., M Id
M., Portland, tlr.. or to the f anaillan sv
.tral.-lan K..-.I .Mall Una, 410 beymvur bi.
ancautcr, u. t..