0
PRICES ARE RIGHT
Wheat Exports Possible if
Tonnage Were Available.
MARKET HOLDING STEADY
uruc Wants Oraiii, but 'o Way of
Moving It immediately From
Pacific Coat American
Surplus Is Small.
The wheat market la holding very steady
In the face of the small business passing,
and there is little doubt that if tho shlp-p:.-.s
situation were Improved the price level
would be higher. May bluestem sold on the
cirhm:a yesterday at 1.40Ti. which Is a
half cent better than wm bid for It on
Friday. Other white wheat offers were
lower, but acllcra would not make conces
sions. Red wheat prices were generally un
changed and coarac grains were firmer than
the day before Exchange sales were aa fol
lows: ll.oon buahela May blueatem
J.)0 tons May osls
4iK tone April barley
Total aalcs for the week were 100,000
a-usheia of wheat. 300 Hons of oata and 400
tone of barley of an aggreagte value of
15;,415- It was the lightest week's busi
ness of the year.
There is a steady European demand for
wheat and at current prices sales could be
made at a profit, but there is practically
no tonnare to move the grain. A few sailing-
.hips are offering around 15a, hut It
is steamers that are wanted, and they axe
not available. It is thought, however, that
a way will be found before the season Is
over to move tho small surplus of grain In
the Northwest,
The Government figures Issued during the
watt week on mill and elevator reserves in
the United States, or what Is known as
the invisible supply, taken in connection
with the department's estimate of farmers
reserves, given out In the preceding week,
can only be construed as bullish In view of
the export demand.
The following table shows the farm re
serves, country elevator stocks, visible (ln
rlu.ltn? Bradstreefs Pacific Coast figures)
and the total supply for the years 1S1,
1911 and IMS:
Country
Kami elrvator U.S. ,,,,
reserve. stocks. visible. Total.
J5?SwV.H SS.f'0..0O 5S.49S.O0O 59l.391.0O0
l .a' imo 94.OO0 0O0 60,018.000 305,62 .000
JicViYc'.Cjl'-O 1U.40O.OOO 67.o20.0t'0 S42.4U3.0O0
Tho requirements of the last four months
of i ho crop year arc estimated at 174,000.
c. bushels for domestic consumption and
;,; .ooo.O'iO bushels for Spring seeding, the
total beln-r '-'01.000,000 bushels, leaving
availahle for export and to carry over only
17 "Piuino bushels. In recent years the
smallest carrvover has been 4S.O00.OOO bush
els, v. hi.'h .l-ilurtcd 'rom N7.0UO.OIHI leaves
only h.cm'O.ocio bushels for export. Sales
already made may exceed this amount.
The amount usually available at this time
cf '-.ar for export and carry-over Is about
3 Jo.ouo.ooo liurhcls. If the Government's
figures of S7.ono.0o0 bushels are correct, an
unusual amount of wheat has disappeared,
l'nrt of it may have been used for feeding
earlv In the season when prices were low.
or there may be a considerable quantity
Blared as flour.
l-Xpoits from Cortland during tho past
ere llu.sno bushels of wheat. i:t,07
bushels of barley and' 47,930 barrels of
flour. In the preceding week exports
w.-ro r,7.511 husnels or wheat, 3r1.4.2
l.ushels of barley anil 27..1CIO barrels of
flour. The movement of wheat to tidewater
is decreasing as the season draws to an end.
J,ocal receipts In the past week were 78.000
bushels as eompaied with ir.O.HOO bushels in
tho preceding week uiui 171,000 bushels In
this week last year. Receipts, in cars, were
reported by the Merchants" lixcsmge as
follows:
Wheat liarley Flour Oats Hay
Forllanu . i
Year :,go. . 23
T'tl this week no
Year aso . . 11:2
fce'su to date. IT.. 21 7
Viar aso.. 14. 047
T: uma
Friday "
Year ago . .
ee'f'li to date. S.4SS
Year ago. . 7.047
1 10
7 34
20 7ti
1S30 1670
1141 22MJ
21
ciii
1717
2237
12
IMC.
22d4
4
r.7i
403
tw
S-af.Ie
Thursday ... 14
Year ago.. 7 a
tcVn io uaie. 6.9b! Jo.ll"
Year ago., ci.llt ."'
I)
1M14
11145
10
47.".
4i;i
MK-
1002
KMORT HOI" TKAIUNfi HAS tASHI
thipini-nlM f rom New York to Undn lui
IMlhle and Huhiie: StupH Here.
A p it is alr.u?t impossible to get hop io
ETigiand from New York, where several
ihousarvi bals liave accumulated, all buy
ing t'JT r:;iort account has ceased on this
cat. Thro have bern no UealiiiKi in
Orf-on vr 'a5hin(rton tar 10 days and no
trwr? art ions in f.iUfni nia for nearly three
-.'. kf.
H. liart, who r 'tarnetl from California
3Mrda. found 17 0.'O bales in growers'
hands in that state, and no one making any
rffort to buy. only a limited quantity is
lft her Jn the aence of business it Is
Impossible to a what present -alue are.
4jrejf on growers flill ask tlio old prices.
The contract market is tnactive in this
;H;e. Ai-cordins; to California wires. Wolf
oatra-.led with .Vl'an roterson, of Sonoma,
l'.ir one year ut cents, and Ben Hall
closed a oontract with Kd Hall for Son o in as
at 12 centF.
In conimentin.; on the receipt of Conti
nental hops In Kngland. the Kentish Ob-
ItTVfT SJiS:
"Continental hops are now finding; their
way to Knsland, "d whoever buys German
hops, or Austrian hops, is providing the
enemy with funds. It does not matter one
jot from what port the hops are shipped
the only thing that does really matter is
where the hops arc actually grown. It is
aid that 'Busstan hops are now coming to
Knpland. How can this be? If we cannot
pet Russian wheat, how can we get veritable
Russian hops? The tonnage on board ship
tj. a measurement tonnage not weight.
Hops are bulky; wheat is not bulky by com-parii-on
with weight. Continental hops com
inp to England are under no restrictions in
regard to either style of packing or of
marking, and where there Is a will there Is
a way. The government should take the
strictest measures and exercise the most
severe scrutiny in regard to all foreign hops
which are Imported, whatever they may bo
nlirj and from whatever port they may
be shipped.
C.OOl TRADK IN PRODUCE DISTRICT.
Vegetable and Fruit MoUrk Better Be
cause of Improved Weather.
Front street enjoyed an active week, busi
ness continuing good up to the close. The
favorable eather had much to do with
bt'mulating the demand, and there was, be
sides, a more cheerful feeling in the air.
Vegetable receipts were light yesterday,
but there was an adequate supply of all
lines on hand. At the lower prices, aspar
agus Is moving more freely. Iocal rhubarb
is comintr forward and selis at 36c Cali
fornia rhubarb is held at $2 per 40-pound
box.
A '.arc ouanity of oranges were moved
by jobbers during the week on account of
the special retail a.e yesieraay. infro was
a fair trade In apples.
Choice potatoes are held firmer and good
Orecons are now bringing $1.25, and fancy
stock commands a premium even over this
figure. Yakima Burbanks were ottered yes
terday at
ONIONS ARE ADVANCING IN EAST.
Better Opening for Oregon Product In
uutbwcfttern Markets,
Onions are now advancing in price in the
Eastern markets, and this will give the
Oregon growers a batter chance at the Tex
as miUt. As there will bo no Australian
cniona io comjieLe with U local product
this Spring, the Oregon onion men are
therefore feeling encouraged.
The price Is holding steady and there Is
no doubt now that all the onions grown In
this state will be disposed of to good ad
vantage. Twelve cans were shipped out In the past
week by members of the association.
Egg- Market Holds linn.
The week closed with a very firm egg
market, all sales reported being at 19 cents,
case count. Dealers during the week tried
to raise the market to 20 cents, but without
success.
Poultry was firm, with the demand par
ticularly good for chickens. Dressed meats
were steady.
Butter cleaned tip very well and the mar
ket is quoted firm by city creamerymen.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
5 Clearings Balances
Portland 1.23g.K!
Seattle l,S14.0.-i '
Tacoma 24i.4.'.
Spokane 6X1.001
Clearings of Portland. Seattle and Tacoma
for the past week and corresponding wee
in former years were:
Portland Seattle Tacoma
l!1!i $ll.UT.i:2 11S.013.-.27 fXW..M
u.14 is.:a'j.ioo i3.72-".i'H ::-s,'"2?5
1l:i l.-..S4l.7.".S 11.414.C.10 3.70O.014
IMS 12.4S0.2.17 Jo.7H.Si92 "V.'i'.l
ion lo71'!r.77 lo.l...-.7n 4.h2.ci!.l
I. o .... 1-.3:I0,S40 J2.241023 5. 1?"";'-4.
lli"9 6.ll.r.-a 0.2C-0.4..4 O.IJ6J.11-
iihih .. -1 1 7 .".no ..-H3.71' H.c-4
19..7 . ':.-,r.'-.l 8.Stt2.M2 4.r...940
limn 3:.-.l.s91 8.10S.004 -7i'0:;
inoj 3..-..G7 4.1S.-..794 2.,M....
KM,, l,.74'...'il" 3.6M.1B.'! l.xclo.lS..
lOIIS .. 3 9S4 01IJ 3.134. 1,S.,M,.V,H
19-.2 .". 14I.IWS 1".97S.BI'4 l,ns;.22
1901 . S.t'.'7.19 ;.l"S7.Bi)4 97S.1SS
PORTLAND MARKliT QUOTATIONS
UnUs. f loor, l'eed, Kte. v
Merchants' Exchange, noon session.
Prompt delivery.
Wheat "Id. Ask.
Bluestem 1?; "0
Fortyfold
flub l;",'j 1'5
tied Russian J -!
Red flte !- 1 -t4
NoWhite feed .-. - - S2.J0 33.00
h?"JS
Fran 22.00 i;
Shorts 22..i0 -o.u
Futures
April bluestem J
May bluestem -40 l.4t
April fortyfold J.J
May fortyfold '-"i
April club I '
May club I--; !J
April r.d Russian l
May red Russian ...... l.l' J-r
April red flfa l -s ' 'J
May red fife .!" , , !''
April oa M OO - M.j.0
May oats S.t. . .. .14.00
April feed barley 2.....0 -B 00
Mi feed barley 20.00
April bran 22...0 l.i.t IO
straishts. J6.30; whole wheat. $7.20; graham.
MILLK2ED Spot prices: Bnan, $27,506?
is.r.o per ton; shorts, 29.50; rolled barley,
?":ORS Whole, $35 per ton; cracked, $38
'"'jTAY-Kastern Oregon timothy, f141!?:
valley timothy. $12-91:150; grain hay. $10
1.; aitaita,
Fruits and Vegetable.
Local jobbing quotations:
TROPICAL FRUITS Oranges, naveis,
2i2.50 per box; lemons. $33.75 per
dox: bananas. 4 tic per pound; grapefruit,
f.i'ii 4. pineapples, oc per pound; tan
gerines, J1.2o(a-1.75 per box; blood oranges,
Sl.no per box.
V EGETABLES Cucumbers, hothouse,
Sl.no per dozen; peppers. ;l0Gr:l."o per pound:
artichokes. 75c per dozer; tomatoes, S4.j0
per crate; tabbase, 1 Ys ft 2 S.-e per pound,
celery, 44.50 per crate; cauliflower, 2 per
crate; sprouts, S&l'c per pound; head let
tuce, S2.25 per crate; hothouse lettuce, ioc
ft SI per box; spinach, 60?l 75c per box;
hothouse rhubarb. Oregon, 5&6c per pound;
asparagus, xl22C per pound; eggplant.
oOc per pound ; peas, l."ic per pound.
GREtiN FRUITS Apples, 50cl.o0 per
box: cranberries. lti12 per barrel.
POTATOES Oregon, SHil.2o per sack;
Yakima. SMil.25; new potatoes. 10c per
pound; sweet potatoes, lP93fec per pound.
ONIONS Oregon, selling price, SI per
sack, country points.
SACK VEGETABLES Carrots, $1.2o per
sack; beets. S1.50 per sack; parsnips, ri.JS
per sack; turnips, SI. 75 per sack.
Dairy and Country Produce.
Ical Jobbing quotations:
EGCS Fresh Oregon ranch, case count,
13c- candled, 20c per dozen.
POULTRY Ileus, large. lSic; hens or
dinary 15c; broilers, 18 (ft 20c; turkeys,
dressed. 20c; live. 15c; ducks. 12615c; geese,
D'lillic.' ,,
BUTTER Creamery, prints, extras. 2c
per pounil in case lots; tic: more In less
Itian case lots; cubes, 26(ji 2SC.
CHEESiS Oregon triplets, jobbers' buying
price- 15c per pound, f. o. b. dock, Port
land; Young Americas, 10c per pound.
VKAI, Fancy, 12c per pound.
I'ORK Block, 10c per pound.
Staple Groceries.,
Local jobbing quotations:
SALMON Columbia River one-pound
tails, S2.30 per dozen; half-pound flats,
Sl.OO; one-pound flats. S2.50; Alaska pink,
one-pound tails, Sl.no.
HONEY Choice, J3.25 per case.
NUTS Walnuts. 15(24c per pound; Bra
zil nuts, 15c: filberts, 15g24c: almonds, 2
4j 24c; peanuts, b)ic; cocoanuts, SI per
dozen; pecans, 1941 20c; chestnuts, inc.
BEANS Small white, Vc; large white.
OVjc: Lima, Otjc; pink. OJftic; Mexican, 6fcc;
bayou, titc
COFFEE Roasted, In drums, 18t433tic
SL'GAR Fruit and berry, Stt.43; beet,
$0.25; extra C, S5.05; powdered, in barrels,
Sd.70; cuiies, barrels, $6.85.
SALT Granulated, $15-50 per ton; half
ground, loos, $10.75 per ton; 50s, $11.50 per
ton; dairy, 14 per ton.
RKE Southern head. OWSjtHiC; broken.
4c per pound: Japan style. 5&'5tC.
DK1EU FRUITS Apples. 8c per pound;
apricots, lS jloc; peaches, Sc; prunes, Ital
ians, biiSc: raisins, loose Muscatels; Sc; un
bleached Sultanas, 7 tic; seeded, 8c; dates,
Persian. 10c per pound; fard. $1.65 per box;
currants, b & 12o.
Hops, Wool, Hides, Etc.
HOPS 1014 crop, law 15c; 1818 crop, 13
14c per pound
HIDES Salted hides, 14tic; sslted kip,
14tc; salted calf, 18c; green hides, 13c;
green kip, 14 tic; green calf, 18c; dry hides,
25c; dry calf, 27c
WOOL Eastern Oregon, coarse, 22 25c;
Eastern Oregon, fine, 1842uc; Valley, 25c
nominal.
MOHAIR New clip. -Jiouc per pouna.
CASCARA LARK Old and new, 41ic per
pound.
PELTS Dry loug-wooied pelts, 15c; dry
short-wooled pelts, 12c; dry shearings, each.
Ilk;: suited shearings, eacn. i;na-.:oc; ar
gusts, long hair, each, 13c; dry goat shear
ings, eacn, 1UU -oc, siieu sueep paiba,
March. $142 each.
Provisions.
HAMS All sizes, 17ti18tic; skinned, 17
felSc; picnic, 12c; cottage roll, 18Vc;
broiled, li2Sc.
BACON Fancy. I7'gl!Sc; standard. 23
24c; choice, 17ti22c; strips. 171jc
LRY SALT Short clear backs, 13W157SC;
exports. 15wl7c; plates, lltiwl3c
bAHD Tierce basis: Kettle rendered,
12lje; standard, 12c; compound, 8ic.
BARREL GOOUS Mess beef, $23 : plate
beef $24.50; brisket pork, S2S.50; pickled
piss'feut. $12.50; tripe, $.50f 11.00; tongues,
$2530.
KEROSENE Water white, drums, barrels
or tana as"t " "
re Is. 13tic; cases, iiaw-o-c.
UASOLlNt. Jauiik. i-l. jcw, w
.i-. ju'S 1t4c! nnntha.
aistliiuve. hi jn.-., ,- - . - , - ' ' '
j i ..a lSi-.
LINSEED OIL Raw, barrels, 75c; raw.
cases, 80c; boiled, barrels. -77c; boiled, cases,
S2c.
TURPENTINE In tsnks. 60c; la cases,
67c; 10-case lots, lc less.
Naval Stores.
SAVANNAH. Ga.. March 20. Turpentine
Firm. 42c. Sales, none: receipts. 13 bar
rels: shlpmente, 34 barrels; stocks, 29.715
barrels.
iin,in Firm. Sales. 201 barrels; receipts.
116 barrels: shipments. 169 barrels; stocks.
111 777 barrels. Quote: A, B. $2,9083.05;
C D. E F, G. H. $3.05: I. 3.10; K. $3.30;
M $4; N, $5; W. C, S5.50; WW. $3.55.
London Wool Sales.
LONDON. March 20. The offerings at the
wool auction sales today amounted to 10,000
bales, mostly Merinos. Tne maraet was iirm,
with animated buying for tho home trade.
the lower crades there was some Ir
regularity. Fine scourd Sidneys realized
31 and greasy 17ti.
i , i i T,,it me vw Vork
NEW YORK. March 20. Evaporated ap
ples, inactive, out tinner, ibuv). CT-mw7j.-.
choice. 80 84c: prime. 7t8c Prunes, dull
and easy. . peacnes. nun.
Hops at New York.
new YORK, ilarci 20, Hops, easy,
THE SUNDAY OREGONIAU", PORTLAND. MARCH 21. 1915.
TEN-PDINT ADVANCE
Bethlehem Steel Is Feature of
! Stock Market
MOTOR SHARES ALSO GAIN
Canadian Pacific and New Haven
Only Kailway Issues to Gain
Point or More Bdhds
Generally Steady.
NEW YORK, March 20. Specialties again
were to the fore during today's two-hour
market sesston. the activity in strength of
Bethlehem Steel being the most noteworthy
feature. Trading In that stocK aggregated
about 2S.0OO shares. Its top figure and new
record price being S. which represented a
maximum advance ot almost 10 points from
the previous days low price. Profit-taking
caused some ahaalng from its high level,
with a net gain of three points.
Motor shares also participated to a consid
erable degree in the general rise, their gains
extending from one to six points. Depart
ment store issues. National Lead and Amer
ican Can trailed along with the moat specu
lative specialties, while the seasoned divi
dend stocks and erstwhile market leaders
rose fractionally.
In the railway division. Canadian Pacific
and New Haven were the only shares to gain
a point or more. . . . th.
Undon's market aeemed to fI"' J
news from the Dardanelles, the various home
issues showing but little loss on moderate
selling. Contrary to Its usual course, Cana
riian Pacific was more inclined to heaviness
than any other stock In the international
"""he local bank statement met general ex
pectations, showing an actual cash gal n of
about gll.00O.000. excess reserves increasing
by almost $10,000,000.
Bonds were steady, except Ne J
tral s. which were extensively sold " con
cessions. Total sales, par value. Sl,-lJ.oou
UnTted States bonds were unchanged on call
during the week.
CLOSING STOCK QUOTATIONS..
Sales. High. Low. Bltl
Alaska Gold .- tf-Ji?
Amal Copper.. .rflo "Si
Am Beet Sugar. 2.400 fJH
:;3i
42 '4
r.t;,
42 ti
28 Ti
f'.SliO 2iit 28 1
rtiiieiic.iii v.,,,.,-
Am Smel ft Ref 2,400 !
Ot 7B
102
do preterreu. . .
Am Sugar Ref. .
Am Tel At Tel.
Am Tobacco. . . .
Anaconda Mill.
Atchison
B & O
Brook R Trail . . .
:al Petroleum.
Canadian Pac.
Central Leather
Ches & Ohio.. .
Chi Gl West. . . .
"r.00 ml ml-i
600 120 120ti
i',300 27 ti 27
"260 7'4 wii
"tjtio "ie'vi io'i
l,40O 15074 159
500 34 V4 31
i.200 -36ti 3614
"766 '22 22fe
,'niO 32 4 32 ti
800 51 50 :4
"oiio rn "nti
3.300 22 22 ti
V.ioo i:6!4 iso
iiiioo " "ii
3,900 24 . 3ti
"300 120 120
5,100 5BBi 54
400 12t 12,
fMMI 84 83
6.708 54 ti . 53
300 103 io3
'";'io6 ioT4 ii'4
300 l.-rOti 150 ti
7,600 l.Sti lt4
3.S0O 144 14 143 til
'2.060 " 84(4' 8Sti
Li'iio '26"
i'.ioo 120?4' iioti
2,660 45 4414
i'.ioo '54 'hi'hi
"466 68ii 68ti
224
27 ti
OSTi
'
871,
lV
159
S3 T4
41
3 04
80
12314
not,
24 's
r.4,
Ti;
22 4
13 Mr
115t4
32 H
50
1(14
.", ti
22 4
02 tj
21 '4
135
112
60 14
23
1 1 Vi
10t
110'i
Sit
12H
83
r.n t,
loos
102
19
25 ti
Col Fuel & 1. .
Col & Sou
D & R Grande. .
do preferred. .
Erie
General Elec . . .
Gt North, pfd. .
Gt. North Ore
Guggenheim Ex
Inter'oor Met pf'l
Louis & NaBh..
Mo Kan & Tex . .
Mo Pacific
Nat Biscuit. . . .
National I-ad..
Vi'i' runner. . . .
N Y Central . . .
N Y. N H & xi
Northern Pac. .
Pacific Mail...
Pull Pal Car. .
Ray Con Coppt
Reading
Repub 1 S. .
Rock Island C
20
ti
1
83 tj
15
29
132
120 ti
80 ti
4514
104
54 '4
64 14
St L & S F 2 pid..
Southern k:ic.
Southern Ry...
Term I'OOOer. . .
Tex Company..
Union Pac
U S Steel
do prererrea..
in h rinDner. . .
Western Union. .
vl'W vilRV BONDS.
U S ref 2s reg.. V4!N Y C gen 3V.:S. 79
do coupon ... 981-Nor pacific oS. . 64
U S 3s reg 101 tal do 4s 9114
do coupon . . .101 teirnlon Pacific 4s. On
U S new 4s reg.10'4!S P Co 5s S
do coupon . . 1
IMPORTANT WAR KYKKTS EXPECTEI
Traders In Wall Utreet Market Operate With
cautioo.
on A.lrl. from fur-
NEW lurtis.. -v. ra
ther unexplained gains of large dimensions
in certain specialties, such as Bethlehem
-. . . . ... ....nmni,iia iuhk a solrit ot
toteel anu tho . -
caution ruled the dealings In stocks through
out tne weeit. ur"" ...j 7Z.
important events In the war played a large
part In this feeling.
., . , ..i.iuinn. In new security 1S-
eceni i'sr . - , -
sues and the accompanying expansion 01
bank loans impose umiu ... .
raanu- .. , i.
17ie call upon
side world meantime becomes fairly clamor
ous Cash payment Is thus sought to be
deferred for the flood of war material, which
Diled un an export balance for tho second,
r . . , tji oiui nun far
week 01 aiarcn eamiw" t-,"",
exceeding any previous record. Humors are
.ki.i, t hnrrnvinn hv European and South
American nations in New York.
London's reduction oc iuiiumiuml
American stocks to the level of the New
, . V... u aa vtt Inrltlr-rl TI Ci fresh
selling for future account. The interdiction
of the allies on vjeniian v,,.. .
expected to change present conditions ma
terially. ,
New steel buying Is lighter, but the price
of refined copper went higher, with in
creased domestic and foreign demand. There
was a lull in the Western tonnage move
ment and general comnlalnt of poverty from
tha railroad world. Maintenance of Reading
and Lehigh dividends did not prevent de
clines especially In the first named. Good
Winter wneat pruimi ih .b -
first sieys ."
Trade Commission were studied with at
tention In the financial and business worlds.
Money, Exchange, Etc.
vw-nr tadi; vtnr-er, PO Mercantile tia-
per. 3ti. Sterling exchange, easy; 60 days,
S4 7725T for cables, $4.795; for demand,
$4.7935.
Bar silver, .rUHC.
Mexican dollars, SS'ic.
Government and railroad bonds, steady.
A . P KA..ww, ' ' " " . " "
dollars, 3Sc. Sterling, 60 days, $4.7754; de-
mana. 1 J' . .
. ...... , . V. no Ttar .llvB, OQ X. rl
1. W 1 J' . ... . 1. ... ' ,
per ounce; money, 1 per cent; discount rates,
Snort OlllS, Z?l per ccul, lulto,uiuuiu -tsi?
ii nr cent-
WARRANTS ARE BOUGHT
INVESTMENTS BY FEDERAL BANKS
INCREASE OVER MILLION.
Board Reports Gain of Five Mill! on a
la Discounts and Loans
Darin 5 Fast Week.
loans by Federal Reserve banks increased
about z.vv",wv uuiiiis i: 7
cording to the atatement or tneir condition
March 19, Issued today by the Federal Re
serve uuaru- "uuwa.
Gold coin and certificates J245.018.000
, ,,. and subsldlory coin 21,630,000
Total f266.4W8.000
Bills discounted and loans
UntnrittM within 30 days $ 9.54.".0O0
Maturities within 60 dayj..... ll.XIfi.OOO
Other 0.U13.0O0
Total .2i.WI4.0i0
Investments $J1.7-',000
Due from Federal Reserve banks
Item In. traaait i a. $ 6,551.000
All other resources....... - 496.000
Total resources...
3S.181.oO0
Liabilities
Capita! paid in 2?'H?'R0?
Reserve depoails 2&S,oio,ooo
Federal Reserve notes In circtt-
latlon. (net liability) 8,487.000
Total liabilities $333.1S1.000
Gold reserve against net liabilities fe4.
Cash" reserve against net liabilities 91.8
per cent. '
Cash reserve against liabilities after set
ting aside 40 per cent gold reserve against
net amount of Federal Reserve notes in cir
culation, 3.4 Pr cent.
The Board's weekly analysis says:
"The cash resources of the banks show
a decrease of about if.fMKl,000, the loss af
fecting the roid holding oniy. ",5"
York bank reports gams of about $S00,0OO
in its gold reserve and of $1. 700, 000 in its
total cash reserve. The Atlanta bank re
ports a sain of over $ft00.0w in its cash
reserve and a still larger gain in its gold
resarvR. havinir released $SS.000 of gold
pledged with the agent for notes previous
ly issued. Investments increased during the
week about $1. 100.000. the new purchases
being largely municipal warrants. The total
amount of United States bonds In the hands
of the banks is 6,6,H.0iO. practically all
held by five Western banks. Lposits show
a gain of about $500.000."
LARGELY INCREASK EXCESS RESERVE
New York Banks Oain Nearly Ten Millions
In rant Week.
NEW YORK. March 20. The statement of
th ai-timl emiiiiti.in. of tlearinir-house banks
and trust companies shows that they hold
$ l3.:;f)I,520 reserve in excess of legal re
quirements. This is an increase of 9,&si.
W0 over last week. The statement follows:
Increase.
Loans, eta $2,38.1,420,000 14,115.000
Reserve in own
vaults
8,727,000
2,342.000
It), 000
6,931,000
Reserve in Federal
Reierve Bank . . -
115.S12.000
34,130,000
t.239.165.O0O
Reserve In other
depositaries
Net demand de-
DOSKS
time aisnns-
it j'm..:,i"v
1,223,00
Clruulution 39,r.0.000
. . 2.UUU
Of Which jWS.iWHf.tHMr 1 spcir.
Atrereg.i'e resrrve, ?r29,S73.OO0. (xcess ro.
serve f 139,59i,E20; increase $,8.9,w.
Summary of state banks and trust compa
nies in Greater New York not included in
clearing-house statement:
Loans, otc y5r.3,-.':tH.i - Kr"!
fc.pecie avtKin Tii -ion
Total deposits .".."..' ftSroIiTifiOO 7,21;900
Banks' casn reserve in vauit xw.o-t-.'".
trust companies' cash reserve In vault, 43,-
109.200.
Decrease.
ALL CATTLE ARE STEADY
FAT LIGHTWEIGHTS ARE PICKED
VP EAGERLY.
Rub of Him and Sheen la fader Ke-
quirementa and Strong rrlces
Are tluotetl.
Tho,.. a.-a no tradlns- at the stockyards
yesterday. Receipts were 5 cattle, 1 all
and 11 hoss. The shippers were: C. K.
I.ucke, Canby, 1 car calves and hogs; E. R.
Redlngs, Wallowa, I. car cattle.
Tho official weekly market report of the
Portland Union Stockyards Company fol
lows: "The receipts for the week have been.
Cattle, 1089; calves, 10; hogs, 2071; sheep.
1"l'a the cattle division at the beginning of
imb wk ihe offerings were mostly of the
fat light weight class and consequently were
eagerly picked up by the various buyers.
The market Is consiaerea sicauy in an imc.
Best steers are bringing $7.73, cows $.2(1.
"Thar in a scarcity Of hogS COmlllg tO
miri and as a result the price took a
sudden Jump of 3J cents Monday and has re
mained at mat price suico,
weights commanding $7.60.
"JUike the swine market, sheep also ad
vanced with a sensational Jump. Yearlings
rlvanced from J7.S0 to $7.75, ewes $8.00 to
$4.75. lambs $S.50 to $8.S5."
The following sales are icprGauuiiitor. v
the week's trading:
Wt. Pricel Wt. Price
iicir. ST 7r.i 1 cow .1011 $0.J."
1,11 steers 1.1118 7.80 4 cows 078 8.10
. .. t in IA'11 r. no
148 steers ..mmj. i..i ivUn ....-...
81 steers ..1311 7.2r.!8,-:7 hogs 211 7 b0
J bulls ...luilS 5.75pill hogs .... li 7.5..
1 stags ...1195 tteoiaili hogs 221 7..10
1 heifer .. 7S5 6.751228 hogs 187 7.40
1 calf .... 161 8.005S7 lambs' ... 87 8.85
cow 1051 8.50 35 mixed ... 81 7.00
Prices current at tne local BLocnyaius on
lh. vnrlr.UK classes Of StOCkl
Prime steers $7.507.75
Choice steers i.to'q i.,io
virrllnm steers aiau i.jo
Choice cow 6.00 6.20
Medium cows n.00!7 6.2.i
Heifers B.00&7.00
Bulls 3.60i6;6.00
stags .ooo.ou
T,tnt 6.507.60
Heavy 5.80416.00
Sheen
Wethers 6.007.75
Fwes 5.0046.75
Lambs 7.008.8.83
. Omaha Livestock Market.
SOUTH OMAHA. March 20. Hogs Re
ceipts. 7400. Market steady. Heavy. $6.65
6.75; light. $6.60''i 6.SO; pigs, $5.50fe6-50;
bulk of sales, $6.05(&6.75.
Cattle Receipts. 100. Market steady. Na
tive steers. $8.40fc'8.10; cows and heifers, $5
6 0.55; Western steers. $67.50; Texas
steers. $5. 75lt 7.25; cows and heifers, $4.751t-
6.50; calves, $7 to 10.25.
Sheep rcecelpts, -loo. iuaraet steaay.
yearlings. $8.50(Ei; wethers, $7.508;
lambs, $S.!109.90.
Chicago Livestock 3Iarket.
CHICAGO, March 20. Hogs Receipts,
8000. Market slow. Bulk. $B.75M6.85; light,
$6,611$ 6.87 & ; mixed, $6.60'n 6.H5: heavy,
$6.;i5lh6.83; rough, $6.3306.50; pigs, $5.50
6.70.
Cattle Itecelpts, 100. Market steady. Na
tive steers. $5.80.-8.65: Western, $5.:S57.40;
cows and heifers, $3.234j7.73; calves, $7&
10.50.
sheep Receipts, 4000. Market steady.
Sheep. $7.10(58.15; yearlings. $7.83!)15;
lambs, $7.60l.90. '
SAN FRANCISCO PRODUCE MARKET
Prices Current in Bay City on Fruit, Vege
tables, Etc.
cim rm-risr.n. March 20. Butter
Fresh extras, 22iic; prime firsts, 21c; fresh
Eggs Fresh extras, 21c: pullets, 18Hc.
Cheese New, Sialic; Young America, 12Vi
felloe- Oregon. 14 be.
Vegetables Bell peppers. 315c; hot
house cucumbers. 90c$1.10; peas, 408c;
asparagus. 4 8c.
Onlo-is renoiv, owici.
Krult Lemons. $1.50 m 2.50: bananas, Ha
waiian, OOcti$1.75; pineapples, do, $1.50
2 7.." Catliornia. aviiira, rii'imi
..',,' Mt X.Cif nth-, VQSaMHfl .111 ftl- 75c
do Oregon," pippin's, $1J 1.25: Spitzenbergs,
Potatoes--Burbanks, Oregon, $1.75; rivers,
$1251.40; Northern, $1.50&il.65; Lompocs,
1.70fel.S5; Idaho, $1.2581.49; sweets, $2.25
6 2.50; new, 6q per pound.
-, c-imir '.R-n: niiartprs: harlev. 29.-
835 centals; potatoes, WS0 sacks; hay, 570
tons.
Coffee Futures.
NEW YORK. March 20. Coffee futures
opened steady at a partial advance of three
points due to private cables to the effect
that Europe had recently purchased about
3Kl 000 bags out of the Santos stocks and
that the latter would decline below 1.000,000
bags by the end of the month, with possibly
i hiit- nf the Quantity suitable for ex
port May liquidation developed later in
ii,n rtav however, and prices eased off, clos
ing barelv steady, unchanged to four points
lower. Sales, 28,000 bags. March. 8.02c ;
April, 6.04c; May, 6.12c; Juns, 0.17c; July,
7 23c; August, 7.S0c; September, 7.37c: Oc
tober, 7.42c; November. 7.47c;. December,
7 52c January, 7.58c; February, 7.60c.
Spot Steady. Rio No. 7, Sc; Santos No.
4, 108104C. ,,
Rio exchange was Hd lower and a decline
of 75 reis was snown in the Rio market,
while Santos was unchanged,
Americans Steady at Londoa.
LONDON, March 20. A fair business was
done in the American section of the stock
market today. The markings were well dis
tributed throughout the list and prices helu
around parity. The closing was steady.
Metal Market.
NEW YORK, March 20. The metal mar
ket was quiet and nominal Copper, elec
trolytic. 15&1554; easting, 14WH4Sc iron,
unchanged.
Chicago Dairy. Produce.
CHIC 4. GO, March 2t. Butter, unchanged;
eggs unsettled. Receipts. 9176 cases, at
market bases included, lSlSc; ordinary
firsts. 17 i 17 Si c ; firsts. 18 i c.
New York Sugar Market.
NEW YORK, March 20. Raw sugar, firm;
centrifugal. $4.S3c; molasses sugar. 4.06c; re
fined, steady.
Duluth I. In seed Market.
DULL'TH, March 20. Linseed, cash, $1.94;
May, tl.ift-i July, fLBSj, '
BOND BUYING LARGE
Investment Demand Sign of
Financial Improvement.
FOREIGN SELLING LIGHT
European Governments Preparing
to Establish Liberal Credits on
This Side United States Xow
Financially Independent.
Reviewing the financial and Industrial
situation. Henry Clews, tha New York
banke.-, saj's:
Tho activity In Investment circles is sat
isfactory evidence ot financial improve
. i .....i Thi has bean a
much larger absorption of securities by
American Investors than is generally ai'i""--clated:
proving that the home buying power
is still very considerable, notwithstanding
business reaction and declining dividends.
Of both stocks and bonds there has been
gooi buying, especially ot ocnaa i n- ouvfj
has come from foreign selling, as well as from
new local oiieriiiHu. n w "
taken with surprising readiness. Foreign
liquioation naa reany notp i -
than at amy time since the reopening of
the Stock Exchange, and much of the sell
ing was on trerman iwouui, -.
expected from this quarter for some time to
-r.1 n- .i. i .-..i, im nf sell-
come, i nri o v, u ,iw . ..
lng on British account, although the move
m,m from this source has not yet assumed
importance.
The most striking evidence oi iim..
Improvement. however, was the prompt
taking of new loans in this msrket. The
New York state loan of $27,000,000 4Vi per
cents brought 103.459; a decidedly bettor
. - , j ..tAiia. AH .nut
price man exvci n j, - -cent.
The Swiss loan of $15,000,000 6 per
i- nMmn,lv 3l(n on S basis
yielding .1", to 6 per cent; a showing which
mav attract otner lureigii uuoimtft -
alsj known that the German, Italian and
l,a,-A Krn nTOCur-
uruguajau K cm.,.-,.. v .v, I iht.
lng lunus in one lurm oi ." ... -
market, and the report still persists that
Great Britain will secure large credits in
mis maraei.. , .
. , i . .. (ml in h-..i ad
as nas airr-nij-' r,..u . .. ... -
vices. Ne.w York Is now the only free money
mantel ot iiuiwitaiivo - -
these new movements are bound to have an
important future effect. When the war is
over other nations will again go to tne
larte European reservoirs of capital for
tneir neeas, out tne euw. - -
tures upon Americans will be educational.
since it win wio- t.c . "
. i v ln..u ... a n and hasten
ers, invesiora uu uun..0 ....... - , . .
the day" when the United States will take
a more prominent pari m ihlui
financial and commercial affairs.
The money market continues easy, mala
ly because , ot slackened commercial re
quirements, the rates for time money and
commercial paper being lower even than p.
year ago at this time. The surplus bank
r..erves are large, amounting to $120,000.
iiik). Thore have been no further gold Ira-
- i. 11,.-1, n TtiBri-riiirialBe
port ims wr., uniH'MRii
txports continue io show a. heavy excels
ovur imports. ror-iFn wumn.v
tied, with rates showing a downward ten
dency owing io peiBiaiuit
eign Bovernment intend to establish large
cr-ealta on inia siu.
UI.U-n.ais r--M HMTT.
. t j : . J inrtpaam In Hie
There nas D?n a. 1 imu ..1.
supply of financial d us resun.uis uv.u -
actions or me . -
governmentB. The supply of f01"1""
bills is somewnat ---
vio ent cliangen in me --
l ' w. 1 r. rwt n v a .-.f fnin ttrodUCU
port irauc ouipmo. - - - -
continue on m. very liberal scale, being qui
.... flallnsaji In nOtLOlL.
surticieni. io ouKt - - -oils,
lumber, etc There has also been a
very large mci iu .
steel manufactures and munitions of war.
The continuea exc ui c."1 . .
being acceierateu uy ----
ports, is rapidly turning the Lnited btates
into e creditor nanou.
The debt wn.cn on uwnc .
ferred to last Autumn has already been
naid. and Instead Europe is getting more
and more inio ww wcui.
buying less anu '""b - C. Y
of the war. Our interest payments, which
. . -i "JLI1 i"tiil liilft annnallv will
used to oe auout oi-v.vuv.vw
be reduced by the return of securities. The
remittances by aliens to their friends in
Europe, wmcn are mis m eBae.s.-,
have been cut down materially. American
tourists usually spend over $200,000,000 a
year in Kurope, and this outflow will be
stopped this season. Our ocean freight bill,
usually about $50,000,000 annually, will be
smaller, because we oniy pay the freight
on imports.
If these tendencies continue our foreign
Indebtedness will steadily dlminHh; as Eu
ropean capital is thus withdrawn from the
United States, and will probably not return
in haste, because of the high rates It will
command there when war ends and recon
struction begin. The war is revolutionizing
our financial relations with Europe, and will
laova lis finnnniallv independent in a higher
degree than ever before.
Our present loans are oniy war iu-ui,
they are of the greatest significance; and
ere long the American banker and the Amer
ican manufacturer will be doing effective
team wrk together in the world's market.
. ! rtolJ. (Via Amarl.
Tnis means iu :v imuo t. L
can investor, who is becoming weary of the
obstructive taciics ut un.
- Oloomy Progress of War.
The war makes slow and gloomy progress.
Before very long Constantinople is expected
to fall into the hands of the allies. This
will be one of the most decisive events of
the war and is bound to have important
consequences. It will give Russia the much
coveted access all the year into Southern
seas, and will promptly relieve the present
congestion of wheat and oil supplies in the
Blak Sea, This means the strengthening
of Russia financially ; also cheaper wheal
the world over.
As for the end of the war, that does not
appear to be in sight. A military deadlock
exists on the Continent, which cannot be
broken without terrific loss of life on both
sides. It would seem as if nothing short
of military, flnencial and economic exhaus
tion on ono side or the other would really
end the war. At the moment these con
tingencies do not appear to be close at hand,
and maybe some months will ensue before
they can be actually reached, unless return
ing. reason and outside pressure should bring
the struggle to a pause earlier than now
seems likely.
The business situation continues unsatis
factory. The volume of trade Is still run
ning below normal. Economy is the rule
in every direction and consumption is
ch-icked. Money Is being saved, while en
terprise and initiative are restrained by fear.
Our railroads are doing less business than
a year ago, as demonstrated by the increase
in idle cars. The steel industry i some
what more active, but production Is not
gaining as rapidly as desired, although the
xport outlet shows gratifying rlna-
In the textile field there is a better feel
ing. The distribution is gradually widening
and mill-owners are less perplexed Dy raw
material and labor problems than a year
ago.
In spite of these drawbacks, there is rea
son to maintain moderately hopeful views.
Spring is at hand, and with It comes start
ing of construction work and general sec
tional activity. Collectively, our business sit
uation Is exceptionally sound. Spring is
usually a season of hopefulness, and were
it not for the war a decided recovery would
probably set In. In view, however, of the
present unceiamiy n iy euuing wi
straggle, the disposition Is to maintain a
conservative policy in all business transac
tions. SEATTLE WOOL IS SOLD
EASTERX MILL BUYS 150,000 POUNDS
AT 26 TO 27 CEXT9.
Shearlns Has Started la Couatry la
Small Way Eaatera Markets
Are tinlet.
The weekly market letter of the Port
land Wool Warehouse Company follows:
The market of the past week has been an
other quiet one, and prices of domestic
wools are a trifle easier, but where conces
sion in T prices is made, it Is simply tor the
jsnke of doing a little business.
The stocks in the East held by dealers
are very small and the same can be said
of the mills. Our correspondents In the
Ea report a firm tone to the market, and
while very quiet.' dealers are waiting for
the mills to come In the market for wools
"nerehl.-en a great deal of Booth
Amertcaa Montavidao 3s. aad .H-blood, tI-
fered. clean basis. Xrom GOc to 66c. and
some South American lambs at 3hc in the
grease. Fine Australian, ioureii. from .Ot
to 75c, and Cape of Good Hope flu,
around BSc. One-fourth and , blood do
mestic wools arc holding firm with small
offerings. . . ,.
Country shearing bus stsrted In a small
way and In fc.asiern w
been a lew cups iu. " - .
sold In Seattle about lJo.noO pounds at -vc
to 27c to an Eastern mill.
Tone of foreign market is very strong.
Cross-bred tops and wools have advancer!
15 per cent with spirited bidding, and a. I
in all. It looks aa if a waiting game Is be
ing played bv tho dealers in the fcast to
bear the market In wool.
The woolen .goods, market Is active and
good prices are being received by the mllls
although no heavy buing Is reported, but
the prominent mills of the country arc open
to -buy wools and have about made up their
minds that the high price ot wool is here
'"There Is relatively no change in the em
bargo, although rumors are coming trom
time to time that the embargo is to be put
on again on tops and wools of all kinds
Mohair market is very dull although there
seems to be an awakening tendency on the
part of mills to look Into mohair more c.use
iy than they have done before and what
small stocks are offered are held steady.
RUSSIMlfiRTERy
'control ok dardaf-i.lks means
MI CH TO El ROPE.
Entire Exportable Unrplua la Held
Back by Blocklas; of This
Paaaase,
i.nnri.n mhiect before wheat-
iua iiwaL I........ .
growers and wheat-dealers today is the prog
ress being made by the allied fleets in forc
ing the Dardanelles, in iriicii.
in the matter nere, n.o "7 " . '
written by C. F. G. Kalke . ot London. Ij
reprlntea irom uto -
Minneapolis:
When Tote realises that tho Ituss.an wheat
crop Is often larger than that ot the
United States, It can easily be Imagined
what a great difference It makes to turo
pea" wheat supplies a hen h'ng h.P-
pens to prevent " ' ,.u
emanating front that rc.f
ing tne vanouo o
nental markets.
Practically all the wheat that is ex
norted from Russian and Uanubiun porta
has to pass through the DirdancUes before
it can reach the European markets - The
object of this article is to show the imP,or
tanoe Ol tniS paVirabD t -
mils--- vi .hi. it In necessary
ships ana m orum w -- --
to give some information concern lng the
itussien wheat crop, ","' ",.,
fovr vears nas n;t;Jti a-u.s ,
market flctor. It is well known that .t Is
most difficult to ent-' ---' -
lion concerning .-r-. --. -
of affairs is stead.lly Im proving and the K i s
stan government a .... .-.... ""-',-- .rM
iu this article, can be depended on as more
or less reliable. ( .
Roughly speaamg, .u.. "-'."-,, '
to he responsible for 0ouon-t',lrno1frt f
supplies of wheat taken In by Importing
European countries, but these contribution,
have varied so widely In different year,, .ml
have been so much at variance w til esti
mated crop yields for those years that the
Itussian Jigures have proved the weakest
ooinl hi a!l statistical forecast, of wheal
supplies. round
Klngoom "w hin "the la" decade- have, for
matinee, been as small a. S.V
(In I001-2I and aa large as o.l,uoo.)i tin
10O4-5). and again as small as 10,000 .000
husnels as late as in the cereal year endrng
st Au"st. with wide tarlollon. between
these totals. 1 ..
In tho three crop years lHt.S-10, I910-1I
and 1911-12. the Imports of Kuss an wneal
into the United Kingdom reached lik.v--. V
bushels out of an aggregate Import of
S16.000. r'or the three years, 11.01-.. H'0-o
and 11)03-4, the contribution was onlj ' ;'.
400,000 bushels out of an aggregate of ..
.104,000. These figures will serve as an i In
dication of the increased Importance of Kus
sia as a souice of supply.
Baltic Exports Small.
Russia export, wheat from the Baltic,
across Its European frontiers, and from Its
Hlack Se.l and Alov ports, but In co'npa-l-son
with the total the Haltlc und the fr..n
er are unfmpor.ant. and pr.clicajiy y
the southern ports figure as real factors In
tha export situation. There are. in fact,
the natural outlets for the Russian export
able surplus from the great "h"' KeZ
districts or governments in the Ulack fcts
"""This wheat belt Is about 1500 miles In
lensth and about SKK .miles across at Its
greatest width, covering In all some iC.o -000,000
acres. Its cultivation has undoub -edlv
improved of lite years, but still leaves
very mucn room ""f1"'1"' "
actual producing capacity has not yet been
nearly realise. ,..
In to a lew yi-MTai rSi m. f
crop" represented a ylehi of
bus. but ma-, n-t.t" " . "
ment return, has been considerably exceed
fd of late, except In li.10-11 when nnfavor
able conditions curtailed the yle d The
yields for four years were as follows, in
bushels (000s omitted):
1B12 1H 1010 I909
Winter wheat :43.0O 1K4.400 267.64 200.400
Zvl whett 31S.1'00 025.200 574,800
Total, 721.6SO 612.600 7U2.S04 7S1.200
Tho above are tho returns from 73 gov
ernment districts. Productlou outside ot
these is trifling ana not otiicia.u
ed for.
Danube Also Affected.
So murh of the Russian exports being
from southern porn .u...i.-. .,,. ' r
ttlon from the Black Sea is a ";
first importance, anu tnus mnunn
. ..... n,ritnpl,l I. hOUnd tO
the passage oi mo
bo a tremendous market Influence. And not
only are t-outn ....-...."-
- .... r ..L.I n nnrla .tan tlB
but those rrora juw.. "
following table gives the total of such ex
ports for four years, wim
1 000s omitted):
1911-12 1910-11 1009-10 100 3
. i. ... K.i. hits
&rr.:: ir tm
3 M
iS." n, 'i;i
OtrerecountVle; l0 231488 1,48
jj-otala 146.20S 2S4.08g" 211. 2S0 21M76
In the foregoing tne sue ot m. mu
for Holland and Belgium is accounted for
bv the fact that- Antwerp and Hotterdam
have been largely used as trans-shipping
points for Germany. .
Russian wheats, of the black-soil belt
particularly, are unrivaled for strength, end
with soil and climate more uniform In char
acter than In other Important exporting
countries, tlie quanues run -
lowing for the distinction between Spring
ana wmter ,.',. ''-,' 7rT
Spring sna mn ...- - , ...
ent years, but on sn average it may be said
that the former rai.r.. ... m . -- ----
In volume, and somewhat more than that
in the exports.
The question of suitable substitutes Is con
siderably narrower or v...
of the great bulk of the Russian exports.
.l... wh.qta .rnwn uhfl-h In
-rnere are no uni c - .
the opinion ot me . -
quite reproduce these. Those which come
nearest are tne aniencan
Spring wheats, and the Rosafe (Rosarlo
Sante Fe) wheats, grown In Argentina, orig
inally from Russian seed.
Cotton Market.
x-itto -vnitlf March 20. Spot cotton
quiet; middling uplands, l.05c ; no sales.
F.lgin Butter Market.
ELGIN. 111., March 20. Butter. 28c.
APPLE DEMAND PREDICTED
Europe to Be Heavy Buyer This Sea
son, Is Report.
WENATCHEE. Wash. March 20.
(Special.) That European countries
will be tn the market during the com
ing season for hundreds of carloads of
apples was the report brought to
Wenatchee yesterday by a Puget Sound
visitor who was so informed by a pur
chasing agent of the allied armies.
He reports that shipments to Europe
during the coming Fall will amount to
thousands of cars, and Wenatchee will
be called upon for a large quota, of this
shipment. ... .
It is asserted also that in January a
representative of a large syndicate made
a trip to the United States and visited
the Pacific Coast, where several hun
dreds of carloads of apples were pur
chased and arrangements made for
much larger shipments for the Fall
months.
..., ..... Ther-Uerav did all his writ
ing with one pen. which also served him for
writing two novels. Oliver Wendell Holme,
used a gold pointeo pen mi . ---
during which serjod ho wrgts over la.ooo.oon
17
T
Wheat Holders Fear Dcvelop
merits Over Sunday.
SELLING WEAKENS PRICES
Dctliiic Jn Kiorl Truiiaflions AImi
Aids Brars His lccrrs In Vis
ible Supply Totol 1 Expected
Monday Coarse Grain- lose.
(HlfAliO. March 20. titvins tint
European developments before Monds
would be against the hulls hsd a depressjn
effect today on the wheat market lurr.
1'rlces. however, cloned steady at a ocl!n.
of to c net. Other grains, loo. rho. ed
a loss for the day com Ulrc and oal
He to Sc. In provisions, the oulcom
varied frfm the tanis as last nli'llt to 1l
QlOc below.
Fading away t. export demand ss
separate elemeut that counted on the bear
side of the wheat market. No fresh sat"
here or elsewhere during the last 24 houis
could be confirmed. On the other hand.
l.lg decrease expected to he shown In the
domestic visible supply totsl on .Mnnfliiv
helped to cnute a latr rally as the session
neared an end.
Cor.i was firm early wtlh wheat, but Ion
strength when wheat turned weak. The
bulk of the business appeared to oonsl"! "f
transactions between floor tradeis. Casli
call waned.
Covering by shorts lifted oats at the out
set, railing off In seaboard demand, how
ever, tended later to give the advantage lo
friends of lower prices.
Selling by psi-kers eased off provisions
There wore predictions of enlarged receipt,
of hogs next weK as compared with lh
corresponding time a year ago.
Leading futures ranged as follows:
WHEAT.
Open.
..l.7
.. 1.24
High. I.na.
t.7S 11-H
1.J44, l.::'
COR V.
1 r n.
i :...,
May
July
May
July .74 5,
,7.1
.71 t
.76', :j;
.7".
OATl.
. .Oil, .i;.',
MEMS PORK.
.ITir. 1745 ll.Ml
.ls.U.-. IS. OS 17. H-'
U1IU.
May
July
May
Juiy
May
July
.111.43
.iu.7:
I o. .".
io.;:
III (.2
10.1,1
SHOUT RlUti.
Mav m.or. mo: io.oj
July Hi. iii io..u in.::.. in. -i
('nit prices were:
Wheal -No 2 red. H.S7 s ; -No. 2 hard.
nominal.
Cunt No. 2 yellow, nominal: No. 1 yel
low. 71V.C
tlvf Nominal.
Itarlev 75n XI'-.
Timothy sl.uOCj .
t'lover ft it Kl.i'l.
I'limary receipts Wheat. H'll'Oo , ;.;4.-
(1110 bushels; com, 4 ti.i.i vs. , l'J. unci lini.i
els: oals. tii&.Poo ic .n.cl,l huch.-lic.
hlpnients Wheat. c..:..ccin ii, - '
bushclf. corn, Cjlt.ccon . ctan.icoo busheln;
its. 71.7.0OCI vs HU'.t'O buphels.
. m... Ahi.il r.S Intel hiieli.-1s: i-iiril.
:7.00O bushels: oals, 4b.oo0 bnelicls: Hour,
811(10 barrels.
Foreign (.rain Market.
LONDON. March 2C Ci ' '"' ckae,
1 vvd lower.
1'1I.-C U.rrl! "iV I'lirtt Stld
oals unchanged. Wheut op.ned uncliauied.
PARIS, March 20. Wheat and flour un
changed. Minneapolis .rle Markets.
r--. c .o Wheat Mil.
1.47Ti148 asked; J ulv. ' 41 ; No. 1.
ham. si."4-: '
l.a:ttt: No. 2. Northern, tl.4. I, ca 1.61N.
Harlay. (WW 75c.
Flax, 1.1 is B l-W'-t.
O'.ber F.atem t.ntia .Markets.
KANSAS CITV, M.irch -0. Wheal closed:
May, 1.4U;: July. Slum.
WINNIPEG, March 2". Wheat clowl:
May, SI. Tilt, Mr!; July, l..".:; cts, Ms.
05V4C ask.id; July. 0'. - e.
Dri.l'TII. March 20. Wheat closed: Ms.
fl.505; July, I1.45VT bid.
ST. IlI'lS, March 2d. Wheat closed :
May.'fl.on, accketl; July. tl.lhS-
Puget Mound ;raui Markets.
SF.ATTLE. March 20. Wheat Hlucsctern.
S137CA- Jortv-fold. 1.3l: club, 11.31k; Hf'.
fl.31; red Russian. II. 2b; bsrtry. -o p"
ton. Yesterday s car receiptee n it.
barley 2. corn 1, hay 1. flour 8.
TACOMA, March-20. Wheat Pluestam.
!.41t1.42; forty-fold. $1.40: club. !.: red
Fife. tl.M Oar receipts Wheat S, barley 2.
corn 1. rye 1, hay 11.
(irwin at Kan Francisco.
PAN FRANCISCO. March ". Wheat
Steadv. Barley, weak. Feed. $ I .US 1.40
Call Roerd Wheat Steady; barley. weaB.
December. 1.33 bid, 1.34',, asked; May.
J 1 . t 1 "i, asked.
OVERBECK &
COOKE CO.
Brokers, (Stork. Bnd, CottM.
bruin, et.ua.
tlft-117 BOARD OF TRADE BLDO.
UMUbKH CHICAGO BOABI) Otf
CrrepAndiU of Brrsa.,
ChlcAfto mnd hem Vork.
MKMBKRS
New Voph Stork Kxch..no
HoMtoo htock Kichunvfl
htcaco liiMtrd ot 1 ritdo
w Vork Cotton jLirhMffft
rw Orlnuis Cotton Kwluiiit
sw Vork l olw tirhMf
INew Vork Prwlac kscbjns
-11 ctck-sn cat arcwrl
i ( A kKV'S reiruLatr and
nrrtrfn thefcenrtivcoriililmki -'l
.L:k. iLr4 mJ cinit. a I'-cUi or '
l ,, A. .rr. an.l If-r-tl it iitl Us Uttt. V
Is a wooderful ifi in ft1'"-.
tha chick tturtcd. Kd it
to every brood y
lOlXTRY WATKI.
Will pay bc pr pound for ordinary hn
and nnd 1 Pr pound for tra nwvy
!" tot ChJk. mild dally. No com-
m"i0n THK SAVINAR CO.
207-9 Stark Si. MJirhaU
PoHlnnd. Or.
TRAVELER ilIIK.
COOS BAY LINE
Steamer Breakwater
Salla from Ala.north Pock, Fartlaaci.
8 A. M. Friday. Krelkt aad "I Ichel
Office, Aln.wortli Do-cV. I'hoaee Mala
3UOU. A-XtHVU fltr Itcket OUtre. NO cslh
C rfcoaes .Marakall 4.V.O, -l3V.w
POHTLAall 4t COOS Al .IK
NEW ZEALAND
AUSTRALIA
Vim HONOLILU d HI'?
FolivtaOi 1jummp fcl'imin
VIAiiAKA," aO,0(W tone o jpUcfrnw 1
v.ki KV1, IS CKjO ton dipic-mat
B.ll"ng .very'll U Vr!2.X;.'.0,iL,r- 11 L
Aeoly Canadian Pacific Ksllwsy
bu TortUn.1. Or.. ..r to Cansdlaa As-
Mnli2aa Key. I Mail Lias, 4 bejmoat at.
taacUTSs, , Ci . . . --
CHANGES
Ell