The Sunday Oregonian. (Portland, Ore.) 1881-current, April 25, 1915, SECTION TWO, Image 35

The Sunday Oregonian., April 25, 1915, SECTION TWO, Page 17, Image 35

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Newspaper Page TextTIIE SUNDAY. - OREGONIAJf, ' PORTLAND, APRIL 25, 1915. 17 MOHAIR IS HJGHER Brownsville Pool Is Bought at 331-8 Cents. NORTON'S BID SUCCESSFUL first Sales of This Season's Clip in Washington Active Trading Season Will Be Brought to Close This Week. The mohair pool (sold at Brownsville yesterday brought 33 cents, the high est price paid in the state this season. Kive buyers submitted sealed bids for the pool, the successful bidder being the J I. K. Norton Company, of this city. The pool was not a large one, containing only about 5000 pounds. The next highest price secured was for the Scio pool, sold on Friday, as reported in this paper. The top bid there was 33.1 cents. The Sclo pool, which was sold at auction, was bought by M. Sternberg & Co.. for Crimmins & lJeiree, of Boston. There was about 12.000 pounds in the pool. The coming week will see the wind ing up of the active season in Oregon. One or two public sales are scheduled, the most important of which will be hold at Lebanon on Tuesday. The re mainder of the clip will be disposed of at private sale. Business has been going on in the open market during the past week at prices close to those established at the pool salee. The largest buyer was the Norton company, which operated ig the rallas and Stayton sections and also in Vy ashtngton. This company has al ready taken in about 10.000 pounds at Ta)las. The buying in Washington in cluded 1200 pounds at Kllensburg, the largest lot produced in that state, on the basis of 32 cents delivered at Portland. Smaller quantities were bought in the Centralia district. KtROPK IS - AGAIN BUYING OATS Three Thousand Ton Sold for Shipment to the Hound. With wheat stocks almost exhausted, more attention Is being paid to oats. Three thou sand tons have ben sold to fto to Europe front the Sound, and the shipment may be mida on the Epsom. On the local exchange yesterday the only business was In oats. 400 tons being; sold, as follows, for June delivery: 300 tons Juno cats $34.00 l'K) tons June oats 33.73 While these prices are 23 to R0 cents more than was bid the day before, they re aro .nevertheless regarded as low. 'Wheat lidding? was irregular, the offers ranging from 'J rents over to 1 !4 cents un der those of Friday. Red wheat showed more' etrength. than the white grades. No new tradina; for Kastern account came to light as it was a short business day at Minneapolis, but the belief prevails that the Kast will, because of tle difference " in prices, eventually take all the wheat, that is left in this country. Although the market has been quiet in the past two days, more business was done on the exchange in the last week than for four weeks past. Total sales were 10, 009 bushels of wheat and GOO tons of oats, of an aggregate value of $137,060. Kxports from Portland in the past week were 248.460 bushels of wheat and 33,514 barrels of flour. Wheat receipts for the week were 106,600 bushels. Tidewater receipts. In cars, as complied by the Merchants' Exchange, are as fol lows: Wheat. Barley. Flour. Oats. Hay. Portland. 8at. . 6...; 1.... .3 Year ago 13 13 4 10 Total thla 1. HZ 5 17 17 35 1 ear ago 7H 612 :if 15 47 Season to date.!5BX4 1RH5 178'Si 18S5 1K80 Year ago 151U .,183 1:401 1534 2483 Tacoma. Frt.. 2 , 4 Year ago 12 4 Season to date. 87C8 532 .... 582 2052 Tear ago 8467 717 .... 425 2246 Seattle, Tours. 2 e 1 11 -Year ago 2 5 5 13 season to date. 7421 1050 2061 1105 520 Tear ago 6377 1033 1875 1164 4058 NUBEMBlEd'S HOP TRAFFIC LARGE. Trade This Season Larger Than In Past Two Years. A statement of Nuremburg's hop traffic during the war, that li from September 1. 1814, to February 28. 1815, Is given by Consul C. S. Wlnana, stationed In that city. Hops during this period were received from stations In Bavaria to the extent of 18.248,250 pounds; from Wurttemberg. 2.630. 300; from Baden. 822,300; from Alsace-Lor raine. 2,765,400. and from North Germany. BO8.10O; a. total from German stations of 24.7.8,050 pounds. shipments from Bohe mian stations amounted to 842,700 pounds; from other Austro-Hungarian stations. 402, 050 pounds, and from other foreign stations, .40,150 pounds. The total September-February receipts were therefore 26,168,650 pounds: during the same period the out going shipment amounted to 25,793,900 pounds. ' Freight tattstics for the corresponding period of the two preceding years show: Tor 1918-14. Incoming traffic, 12,138.500 pounds, outgoing 17,489,450; for 1912-18, Incoming 21,545.700 pounds, outgoing 23, 080,750 pounds. From these figures it will observed that the Incoming shipment In 1014-15 exceeded the outgoing, while the total traffic was greater than In the cast two years. STRAWBERRIES COMING FROM Nn.ES lancy California Fruit Pat Up for Thl Market. The car of Los Angeles berries that was due on Friday showed up yesterday and was oulckly disposed of. though the fruit was not aa good aa that received earlier In the week. A shipment of Fresno berries also arrived and sold at Friday's price. In addition to the Dollar berries from Florin, which will be in hand early In the ' week, there will be shipments of fancy Ban ner berries from Niles. Cal.. later In the week. These Niles berries are put up Jn regular 24-basket crates for the northern trade and If they are as good as last year's output win be the beat berries on the mar ket until the fancy home-grown fruit hows up. The first Oregon came In yesterday, a few crates from Dlllard. but It will be some time yet before the local supply is large enough to be a factor In the market. There was an active demand for vege tables of all kinds., and the supply was suf ficient. NO LOSS IN OREGON ONIONS Laet Cars Left in State Are aa Good as When Harvested. The long-keeping quality of Oregon onions was never shown better than the present season. Reports that were submitted at yesterday's meeting of the Confederated Onion Growers" Association from Molloy and Tualatin showed that there was absolutely no toss on the last ears shipped, while Or chards reported a loss "of only one-eighth, and that was due to sprouting and net ts decay. This shoeing could net have been beaten by cold storage. During the week 10 cars were sold at the old price of 75 cants. Only S3 or S4 ears are left In the hands of growers, Authentlo Information has- been received from California that there are still about 00,000 sacks of onions remaining in storage la that state. This sufficiently explains why anion prices have bsea law this season. Con sidering everything, the Oregon growers taavra done remarkably weH. Cesmtsw JrodKe Martlet Are Steady. The eotuitry -produce markets were steady Oss. -minis Hkugs4L JLS ao 184 cents and it was said one large buyer had cards out in certain sections offering 19 cents. Poultry was not plentiful, but a larger supply of hens is looked for in the coming week. Dressed meats sold well There were no changes in dairy produce lines. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances Portland .$1,305,733 241,Uiiu Seattle 1,4.10.253 LSI, 592 Tacoma 227.406 ' 33,96o Spokane 4S9.451 il,oo7 Clearings of'Portland, Seattle and Tacoma for the past week and corresponding week in former years were: Portland. Seattle. Tacoma. 1015 $11,095,223 $11,193,000 $1,917,927 1914 11.6U2.0U4 12.515.839 1.S84.520 1913 10.S19.195 11.934,118 2.759,338 12.6o2.31H. 1U.-1 t , 1 22 4,;.W'.taj 1911 . . 11.312.779 9.890,041 3.997.717 1910... 8.H36.105 13.181.227 4.500. u'JU 1909...... 5,492.229- 0,489,337 4,047,348 19US 5,184.594 n.o0U,90U 8.810. B20 10O7 7,104,405 8.331.150 4,769,193 1908 5.005.335 8.617.334 3.U25.709 1905 4.334.320 5,503.759 3.1O2.7O0 1004 2.599.427 3,454,314 1.959,820 Jm;i 2,.U7,72: a.00S,U02 1,142.387 1002 2.59S.672 2.527,132 1.208,157 1901 2,084.169 2.078.408 1.118,121 PORTLAND MARKET QUOTATIONS Grain, Flour. Feed. Etc. . Merchants' Exchange, noon session: Prompt delivery: 4 Wheat ' Bid. Asked. Bluestem $ 1.3014 $ 1.35 Korty-fold 1.2S 1.31 Club 1.25U 1.29 Red fife 1.22 'i 1.29 ttea KuttElan Oats No. 1 white feed Barley No. 1 feed Bran Shorts Futures May bluentem ............ Juno hltieatem ........... May forty-fold ........... 1.2n .i::.oo 24.50 24.0O 24.00 1.24 34.110 26.O0 25.(10 26.50 1 .33 1 .35 1 .".4 1 .:t6 Ji 1.28 Vk 1.31 1 .30 Vi 1 .33 1 .!!'. 1.2W4 1.27 W 1.31 1 .24 w 1 .-! 1 .25 1 .30 .1.214 1. VS 1.22 1.2UV, 33.50 34.00 33.50 34. no 24.00 2H.no 24.00 26.75 24. OO 25.00 24.110 25.50 24.5l 26.00 24.50 28.50 June forty-fold .......... May club ............ . rune club May red fife - June red fife May re-1 Russian June red Russian May oats....... Juno oats ............... May barley .............. June barley .............. May bran June bran May shorts June shorts FIXJL'R Patents. $H.S0 a barrel; straights, 6.25: whole wheat. ST: -tr-aham. Z0.K0. MlI.I.Froren Spot prices: Bran. per wn . cnons : roueo. nariey. S30IW31. CORN Whole. $1'5 per ton; cracked, $38 ner t nn HAY Kastern Oregon tlmothv. $14flt5; Valley timothy. $1212.50; grain hay, $10 12; alfalfa. $12..Mr 13.50. Fruits and Vegetables. Local Jobbing quotations: TROPICAL. FRUITS OranKcsA navels. $2.S0O J per box;, lemons. $3.504.50 per oox : bananas, 45c per pound; grapefruit, $4 ! pineapples. 7c per pound: tangerines. $1.251.75 per box; blood oranges, $1.50 per UVA. -, VEGETABLES Cucumbers, hothouse. $1 1.50 per dozen; artichokes. 75c dozen: tomatoes. $5 per crate; cabbage. 243Hc per pound: celery, S4.50 per crate; cauli flower, 75c$t.2o per dozen; head lettuce. per irate: spinach. 5o per pound; rhu- utiio, ivkg'-k-- per pound; asparagus, 75c $1.2.i per dozen; esKDlant. 25c ner nounO: peas. 78c per pound; beans. 12Vi15c per CEEKV FROITS Strawberries. l.no3 per crate; apples, $1(1.75 per box:. cran berries. J1igl2 per barrel. POTATOES Old, $1.752.25 per sack; new, 6Sc. per pound. ONIONS Oregon, selling price, 75c per "" " auntie. . hiii tirnia, jODDing price, yellow, 1.752; white. $2.25 per crate. SACK - VEGETABLES Carrots. $1.80 per sack; heets, $1.50 per sack; parsnips. $1.23 per sack,- turnips, $191.50 per sack. Dairy and Country Produce. Lo.-'a! .iolibing Quotations: . EGij.s Fresh Oregon ranch, case count luNfioac per aozen. POULTRY Hens. llfMSc: broilers. 25 r27ie fryers. 1R20c; turkeys, dressed, ?2924c; live 1820e; ducks, 1213c- geese 8d!c. BUTTER Creamery, prints, extras. 25e per pound In ease lots; He more in less than case lots; cubes, 21 22c. CHEESE Oregon triplets, Jobbers' buying price. 14e per pound, f. o. b, dock. Port land: Young. Americas. l."i-c per pound. VEAL Fancy. 12rl24c per pound. PORK Block, lOiffKlUc per pound. Staple Groceries. Local jobbing quotations: SALMON Columbia River one - pound tails, $2.30 per dozen; hnlf -pound flats, $1.50; one-pound flats, $2.50; Alaska pink, one-pnuuti talis, $1.05. HONEY; Choice. $3.2-5 per case. NUTS Walnuts. 15 24c per pound: Bra zil nuts, 15c; filberts, 15(B24c; almonds. 23 iJiLMc; peanuts. ic; cocoancts, $1 per doz en: pecans, 10iJP20c: chestnuts, 10c. BEANS 3Sm all white. 6lAe: large white, Bc; Lima. Hc; pink, 5 6c: Mexican. 6ic: bayou. 6 He. COFFEE Roasted, in drums, 31 tj gi334c. SUGAR Fruit and berry, $6.70; beet. $6.50; extra C, $0.20; powdered, in barrels, $8.95; cubes, barrels, $7.10. SALT Granulated, $15.50 per ton: half ground, 100s. $10.75 per ton; 50s, $11.50 per ton; dairy, $14 per ton. RICE Southern 'head e'tfoe: broken, 4c per pound: Japan stvle. 5iffi54c. DRIED FRUITS Apples. 8c per pound; apricots. 13ig15c; peaches, 8c; prunes, Ital ians, 8W9c: raisins, loose Muscatels, 8c; un bleached Sultanas, 7'4c; seeded, flc: dates. Persian. 10c per pound; fard, $1.65 per box; currants, 12c. Hops, Wool, Hides. Etc. tlOPS 1914 crop, nominal; contracts, 11c per pound. HIDES Salted hides, l.liic; salted kip, IS'.tc; salted calf. 17c; preen hides. 12c; green kip. 1.114c; green calf, 17c; dry hides. 24c; drv calf. 28c. WOOL. Eastern Oregon, coarse. 22 25c; Eastern Oregon, fine, lOfllSc; Valley, 28? 30c. MOHAIR New clip. 32 33c per pound. CASCARA BARK Old and now, 4!g4VjO per pound. - ' PELTS Dry long-wooled pelts. lBc;-dry short-wooled pelts. 13c; dry shearlings, each, 10c: raited shearlings, each. 15(S'25c: dry goat, long hair, each, 13c: dry goat, shear lings, each, 10f20c; salted sheep pelts. April. $12 each. Provisions. HAMS All sizes, 17Vj1SHc: skinned, IT 18c: picnic. 12c; cottage roll, ISMo: broiled, 19 & 28c. BACON Fancy. 27i2Sc; standard, S3 24c; choice, 17Vtf22c; strips, 17He. DRY SALT Short clear backs, 1313Ho; exports. 1517e: plates. 11'il$o. LAUD Tierce basis: Kettle rendered, 124c: standard. 12c; compound, 834c BARRET. GOODS Mess beef, 23c; plate beef, $?4.50; brisket pork, $2S.50; pickled pigs' feet, $12.50; tripe, $9.80 ll.so, tongues, $2530. Oils, KEROSENE Water white, drums, barrels or tank wagons. 10c; special drums or bar rels. lJKt; cases, 1 7 hi 3 20 Vi e. GASOLINE Bulk, 12s: cases. 19c; engine distillate, drums. 714c: cases, IVic; naphtha, drums, 11c; cases. 18c. LINSEED Oil. Baw, barrels, 73c; raw. cases, gOc; boiled, barrels, 77c; boiled, cases 82c. TURPENTINE In tanks, 60c; In eases, 67c; 10-case lots, lc less. New York Sugar Market. NEW YORK, April 24. Raw sugar steady. Molasses sugar, 3.87c; centrifugal, 4.04c. Refined steady. Iried Fruit at New York. NEW YORK. April 24. F.vann apples Inactive, prunes steady, peaches dull wuu easy. Hops at New York. NEW YORK. April 24. Hops quiet. Cotton Market. NEW YORK, April 24. Spot cotton steady. Middling uplands. lO.rtOe. No sales. WHEAT DAMAGE IS FEARED Eastern Washington lVcclared Suf fering; From Lack of Moist ore. CLARKbTON, Wash., April 84. (Spe cial.) Wheat farmers of Kastern Wash-? lngton who face the truth, admit their doubts aa to the outcome of the wheat production fop the coming season. These doubts are based on the fact that moisture in the ground is scant &s compared with former years, and with last year in particular, which was a dry year; . The feature which lenols optimism. however, is that last Fall witnessed the most widespread sowing of Fall grain which has been seen in the history of farming in the Eastern Washington wheat zoofi. CLOSE IS BUOYANT Steel Leads in Unexpected Stock Advance.. ; TWO-POINT GAIN IS MADE Rise Accompanied by Rumors That Government Case Will Be De cided on Reasonable Terms. Coppers Are Prominent. NEW YORK, April 24. The stock market developed unlooked-for strength in the latter half of today's short ses sion, closing with an almost buoyant tone under the lead of United States Steel. That stock became the domi nant feature, graining two points to the accompaniment of rumors that the case of the Government against the company would floon be decided on reasonable terms. In the early part of the session, lead ing shares were more- or less neglected, interest again shifting to "war" issues, the metal shares and Mexican Pe troleum. Coppers held Xhelr promi nence throughout, a few of the low priced issues making new price rec ords. Mexican Petroleum also broke all records, making a net gain of points on confirmation of the report that the Government had entered into a very advantageous selling agreement with leading British interests. Reading. Union Pacific. St. Paul and other stocks in the investment class shared in the later movement. Stocks of the roads coming within the cate- ory of re-organized properties were under pressure, as also were some of the isolated industrials. Tractions gave early promise of greater strength, but soon relinquished initial advances. News of the day, including irrcgularr ity in the London market, made no im pression upon tho local situation. The bank statement showed an un expectedly large cash gain, which was reflected in a reserve increase of $13. 000.000. Loans expanded by a little over $10,000,000, an inconsiderable amount, considering the heavy stock trading of the week. Sales of stock today amounted to 455.000 shares. Bomls were mainly irregular. Total sales, par value aggregating $1,650,000. United States bonds were unchanged on cal! durint; the -week. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Alaska Gold... 4.800- 30i 3V 39'4 Ael Copper... 14J.MIO 78 1 77 78 Am Beet Sugar. 3. 0WI 4SH 47 '4i 4S'i Amer Can;... 11,400 3S"i Sr.t Am 8m &. Refg. 3,&tMt 741 73 74 do Pfd 200 10 lOflSi 106 Am Sugar Refg-. 3.400 ll.V, 112 112 Am Tel & Tel.. : Smio 1J2 121 H 121 4 Am Tobacco... RIM) 24i 24'JU 423 Anaconda Mln. .4I)0 :.8Vi 37i 384 Atchison 1.W10 104" 103'i 10.: Bait Ohio... l.nno 7R 77 s 77 i Br Rap Trans. lion PI '4 1 914 Calif Petroleum 000 18s. 17Vi 17i Canadian Pac. 1.300 1004 300 W9 4 Central Leather 2.K00 41 4014 41 u Ches A Ohio... 700 48 47 H 48 li Chi Gr West... 200 invi J3 1SV4 Chi Mil & st P. 1.500 not or.'i no Chi & N v ?.no i3oi lap, i.sovb Chino Copper.. 7,400 47H 40 47 LToio.r- & iron.. i,;iin ;n Va 32 D & It G 20O 8 4 8 8 do pfd 4 Tist Securities. . 2.7O0 im lo'li 11 Brie 6.600 20 2S1, 28 Gen Electric... Him) 152T4 J.VJt", lr2 Gr North pfd.. Ron 121 320'j, 121 Or Nor Ore ctfa 1-.200 :',8 1,4 37 U SS4 OuSftenheim Kx 10.400 634 61$, BS1 Illinois Central Ill Inter Met Df d . . 11.400 T2M, !li 70'i Inspiration Cop. 2O.1O0 35 34- 344 inter Harvester im lv C Southern.. POO 20 2," 25?i Lehigh Valley.. 40O 1434 143"), 1434 Louis A Nash.. 400 124 i 123 124 Mm Petroleum. 24..300 90 914 9.'.4 Miami Copper.. 10.700 84 2 4 27 M K & T.' 2,000 12 10 12 Missouri Pac... 18.000 14 124 134 Nat Biscuit " 121 National Lead. 1.R0O 64 G4 64 V. Nevada Copper. 2.3O0 1.". 15 4 15 N Y Central.... 1.200 SH 80 ' 89X4 N T. N H & H. 2.100 HSli 67 - 7 Nor & West '. ..... 10!5 Nor facitic 700 1104 ln4 1104 Pacific Mail.... 900 19Ts 19 104 Pac Tel & Tel 32 4 Pennsylvania ..' 1,400 110 110 1104 Pull Pal Car 151 Ray Cons Con.. 12.700 2.1 24m .-. Reading 1,300 ir.4 1.-.3 4 I.-44 Rep Iron A St. BOO 29 28 4 20 Rock Island Co 4 do pfd ,oo 3i v StL&SP 2d pfd. 1,000 3 5-6 Southern Pac. 2.900 9374 92 93 Southern Ry... 1.0O0 18 18 18 Tennessee Cop. 4O0 34 33 4 33 Texas Co 1 :',c, Union Pacific S.BOO 132 131 132 do pfd 700 81 80 SOU U S Steel 62,900 - .S St! r.O do Dfd 1.200 109'. 109 TO'.l Utah Copper... 10.000 72- 80 71 wauash pfd 2O0 34 3 34 Western Union 68 West Electric. 11,800 87 R." s Montana Power. 600 54 54 54 Total sales for the day, 453,000 shares. BONDS. 7 S Ref 2s. reg. 9.-SI T C G 34s... 80 ao coupon.... .VINOr J'HC S..... tiO J S 3s. rCR 1014S do 4s S3 do coupon. .. .lot VjltTnion Pac 4s... 96 7 S N 4s. reg..1094So Pac Conv Ss.101 do coupon. .. .11041 RESERVE SHOWS OATNS IN WEEK. Deposits of Federal Ranks Increase Over Three Millions. WASHINGTON, April 24. Reserve depos its of the Federal Reserve hanks Increased more than $3,000,000 during the past -week. according to a statement of the hank's con dition April 23, issued today by the Federal Reserve Boara. it snowe: Resources Gold coin and certificates $238,710,000 Legal tenders, notes, silver certifi cates and subsidiary coin 29.184.000 Total Bills discounted and loans .$27.84.0OO .$ 15.676.000 . 12,225,000 8.577,000 Maturities within 30 days... Maturities within 60 days... Other Total $ 86.478.0M) Investments $ 24,628,000 Due from other Federal Reserve banks. Items In transit 8.2R4.0OO All other resources 9,437,000 Total resources $346,691,000 Liabilities Capital paid in $ 36,727.000 tteserve aeposus -04, 10, 000 Federal Reserve notes In circula tion (net liabilities) 1o.RR9.fioo All other liabilities 346.691.000 Gold reserve against net liabilities. 79,6 per cent. . - Cash reserve against net liabilities. 89.S 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. 91.2 per cent. WIDE PUBLIC" INTEREST IN STOCKS Pennsylvania's Betterment Plaa Programme Is Material Encouragement. NEW YORK, April 23. Slackening In the speculative paee of the stock market this week was due principally to misgivings that it was running to excess. Several Incident of the week's news also aeted as a positive drag on the market, particularly the Hock Island receivership, which excited some de gree of apprehension in ether quarters. Other developments of the week went to show progress in general business and de mestla trade as a whale, "War orders" again were a potent factor, although the stocks coming within thla seeolal deslgna. tlon .were much iesa aottye. The large volume er the early dealings. confusion of price movements and the ab sence of the usual sympathetic response of the general list te individual movements was aymptematia of the widespread public participation la the speculation. It was manifest that this was based on genera! in ferences of the expanaien te be enjoyed by this country following the ending of the war. The Pennsylvania Railroad's extensive pro gramme for equipment Increase was1 a most material encouragement to hopes of coming revival. Better command of -capital for the railroads, a disposition by them to secure benefits ot present low prices aa4 aeauraacea of larger traffic . to provide for were deduc tions drawn from this incident. Humors. and reports, of peace subsided al most entirely and bankers -with high foreign connections were pessimistic -respecting this situation. Foreign buying of grain for Autumn deliveries; fresh depression of for eign exchange rates and reports of renewed military preparations forced these conclu sions. President Wilson's admonition to the Associated Press of difficulties still to be encountered had a sobering influence, but, final prices of the week pointed to a con tinuance of active operations. RESERVE INCREASE IS $13,000,000 New York ' Bank Statement Shows Large Cash Cain. NEW YORK, April 24. The statement of the actual condition of clearing-house banks and trusty companies shows that they hold $171,034,870 reserve in excess of legal re quirements. This Is an Increase of $1.977. 050 over last week. The statement follows: Increase. Loans, etc. ...... $2,400,089,000 $10,283,000 Reserve in own vaults 417,166.000 12,377.000 Reserve lor Federal Reserve Bank. .. - 121,440,000 1,256.000 Reserve in other depositaries .... 31.881.000 1,671,000 Net demand . de- ' posits 2,309,530,000 12.82fi,0OO Net time .deposits. 1H3,731.0(M) 2.5O9.OO0 Circulation 87,798,000 152.000 Of which $343,208,000 is specie. Aggregate reserve, $070,287,000. ' Excess reserve S171.034.870; Increase, $12, 977. 0.10. The summary of state banks and trust companies in Great New "York, not included In clearing-house statement: 1 . jrase. Loans, etc. . . $570,378,100 $4,782,200 Specie 44.871, 700 256.201) Legal tenders 0.521. 80O 257 300 Total, deposits 699.7K6.UOO 13,1)24,800 Banks' cash reserve in vault. $10,809,100. Trust, companies' cash reserve in vault. $43, 584.000. v " ' Decrease. Money, Exchange, Etc. NEW YORK, April 24. Mercantile paper, 33 per -cent Sterling exchange, easy: 60-dajr bills. 4.7- for cables. 4.7925; for demand, 4.79. Bar silver. il0c. . Mexican dollars. 3Sc. Government bonds, steady; railroad bonds, irregular. SAN FRANCISCO.-. April 24. Mexican collars. JWsjc. Sterling. 60 days, 4 764; demand, 4.794; LONDON. April 24. Bar silver. 23d per ounce. .Money, 1 1 4 per cent. Discount rates, short bills. 2 per cent three months. 2 15-"ltKi3 per cent. Ixindon HtocJs Unsettled. LONDON. April 24. The tendency was undecided in the American section of the stock market today. Only a moderate amount of business was transacted and oc casionally prices were lower. LIGHT CUTTLE SELL WELL HEAV V STOCK NOT IN DEMAND AT XORTH PORTLAND. Hose Are Strang;, Owing; to I-iicnt Sup ply Hunllty of Mutton Of. ' ferine; Not of Beat. The larger part of 'the trading at the stockyards yesrerday was in Spring lambs, the best bringing cents. Top grade hogs were firm at the old price. Receipts were 39 hogs, 331 sheep, 1 cow and 1 calf. . The shippers were: E. Lucke. Canby, 1 car cattle, calves, hogs and sheep; C. W. Olbnon, Halsey, 2 cars sheep. The dav's sales were as follows: ETAOINSHRDl.U v W't. Price ETAOINSHRDLU 22 hogs .. 247 $7.S5 ETAOINSHRDl.U 0 hogs .. 102 7.R.'. ETAOINSHRDLU 2 hogs .. 280 B.S0 ETAOINSHRDLU 1 hog ... 320 7.30 ETAOINtlHRDI.1T 57 hogs .. 182 .7.80 ETAOINSHRDLU 1 ewe ... 200 5.00 ETAOINSHRDLU 10 sheep . 13S 5.23 ETAOINSHRDLU Wt. Price ETAOINSHRDLU lbuck ... 190 $4.25 ETAOINSHRDLU 9 y'rlings 94 7.35 ETAOINSHRDLU 248 s. lambs 54 0.00 ETAOINSHRDLU 8 s. lambs 51 7.00 ETAOINSHRDLU 33 s. lambs ..4 ii.oo ETAOINSHRDLU 2 ewes ... 125 6.50 Prices current at the local stockyards on the various classes of stock: Best steers $7.50fi 7.75 Choice steers 7. oil 7.2.1 Medium steers o.i .wi t"" Choice cows 0.2. e..j Medium cows u.im'fi. .. 1 . HeUars 5.0'uG.25 Bulls - 4.00&.V7S Stags Hogs Light B.T5W7.O0 Heavy ...1. 3.00&t.7. Sheep- . Wethers t4.7BW7.on Sheared ewes 5.5y"i5.i.1 Sheared lambs;...'. B.75!i) 8.00 Full wools $1 ngner. The weekly .market report of the Portland Union Stockyards - Company follows: "The receipts for the week have been: Cattle, 1013; calves, 32; nogs, lsoc sneep. 2347. With a fair run of cattle Monday the bulk of sales duplicated last week's prleca. Heavy stuff is not in demand, while light stuff sold readily .at a good figure. "Choice steers are quoted at $75.0 to $7.75. cows $H.25 to $0.75, bulls $4 to $3.75 and stags $5 to $6.50. "A light run .of hogs in the swine division forced the market up 15 to 20 cents over last week's quotations. One load sold for $7.83 Monday, while bulk of sales went at $7.65 to $7.80. Prime light hogs are bring ing $7.85 at close or week. Demand good. "Not many sheep came to market this week and quality offered did not qualify for top prices. Shearling lambs are quoted at $7.75 to $S: ewes. $5.50 to $3.75. and year lings, $6.75 to $7. Full wools are $1 higher than 'prices quoted on above shearlings. , "The following sales are representative of the week's trade: Wt. Prtce. Wt. Price. 27 steers .1192 $7.75 3 cows ... 991 $6.35 41 steers .1183 7.401 6 cows ...11ST 6.25 108 steers .104 7.301184 hogs 196 7.85 106 steers .1382 '7.25311 hogs ... 1K 7.80 3 bulls ..1511 5 00,464 hogs ... 218 7.75 1 sta-g. .,1221 6.50 116 hogs ... 13 7.65 1 calf ... 231 7.001114 lambs . 02 9.00 1 heifer... 391 3.00 11 lambs -. . 59 7.25 28 cows ..11S1 6V75 32 y'rlings. 96 7.25 28 cows ..1193 6.50 13 ewes .. 117 5.50 Omaha Livestock Market. SOUTH OMAHA. April 24. Hogs Re ceipts. 5700. Higher. Heavy. $7.27 7.40; light, $7.S5T 7.50; pigs, $6.30 7.25; bulk of sales. $7.30-7.40. Cattle Receipts. 100. Stesdy. Native steers, $7 8.40; cows and heifers, $5...Oihv 7.50: Western steers, $6.3037.80; Texas steers, $60-7.80; cows and heifers, $5.33?f 7; calves. $8 a 10. Sheep Receipts J00. Steady. Yearlings, $8.50r!.25; wethers, $7.73-3 8.50 lambs, $10 (it 10.75. Chicago Livestock Market. CHICAGO. April 24. Hogs Receipts. 8000. Market weak to 5e under yesterday's average. Bulk. $7.407.60; light, $7.40 7.70; mixed, $7.25o 7. .0; heavy, 7tg7.60, rough. $T7.15: pigs, $5.50 7. Cattle Receipts. 100. 'Steady. Native beef steers. $.158.70; Western, $5.65e7.60; cows and heifers, $3? 8.60; calves, $tf9. Sheep Receipts, 500. Steady. Sheep, $7.508 8.65; lambs, $8.40 10. SO. STOCK BROUGHT TO GRAZE Richland Dairymen May Form Co operative Organization. RICHLAND, Or., April 24. (Special.) George Deneley. one of the most prominent sheep ani stockmen of Kagie Valley, arrived from Dillon, Mont.. Thursday with a shipment of 1051 heaij of stock cattle, averaging 1100 pounds each. These will be nuloaded at Mineral Ferry. Idaho, and put on the range, recently purchased by Mr. Densley, for 90 days. The Jensen Creamery Company opened its cheese factory here thi week, and the supply of milk Is ex ceeding expectations, G, H, Fullenwider. deputy Dairy and Food Commissioner, will deliver a lec ture at the epera-house Monday on subjects pertaining to the dairy indus try, Mr, Fullenwlder declares KagJe Valley is one' of the meat favorably situated localities in Oregon for the dairy business, An effort will be made to form an organisation to further the co-operative spirit. If All the Same. Atchison Globe. fIf I were a woman I'd do this or that," a man often says. If he were a woman he would do just exactly wk4 jr&e woiBta do GROUP LEADS Prosperity of Industries Af fects Entire Stock List. HOME CONDITIONS BETTER Cluing ed Political Attitude Toward Big Business c-Growtli of Domes tic Trade Discounted by Wall Street Bargains in Stocks. Tao rtncwal of speculative activity in Wall street and the growth of public con fidence aro described, by Henry Clews, the New York banker, as follows: (Jl'l-timo activity has returned to the Sto'jk Kxchangj and mlliion-thare days are no longer a novelty. From tlm to time tne favorable changes in underlying factors in the stoct market have bwn pointed out in t hese advices. As the business world ad justed itself to new condition, as the final outcome of the colossal struggle In Kurope became more apparent, r fear disappeared and calm Judgement realized that ou this side of the Atlantic the worst of the storm was over, confidence began to assert itself more and more freely until at last It devel oped into a surprising outburst of specula tion. - This characteristic rebound from extreme depreetion to extraordinary buoyancy may nem remarkable, hut is only in accordance wnn preceaent, rince one extreme invariably follows another In due course of time. Ke cnt developments connected with the war really started the present rise. The fright ful waste of life and wealth which Is still ROins on must of course have a permanently injurious effect upon the social and eco nomic welfare of the world at large. Nevertheless, there is a sense of relief that the end In now foreshadowed, and the dawn of peace naturally imparts new life, new hope and fresh confidence. So far as the stork market is concerned. It v as the war group of utoeks w hich led the advance. A number of our great Indus trial establishment n are employed on large and profitable foreign contracts. 'oncurns equipped w ith facilities for turning out ordnance and ammunition have been par ticularly fortunate and these led the rise, yome automobile manufan urers have alo secured enormous contracts from Kurope, about 3000o American cars and motor trucks having already been shipped abroad, with thousands more to follow. Clothing and food producers have also been enjoying very profitable contracts. Enttr Market Affected. Alt sued activities are having their ef f e-t upon business and speculation. They may not be p. rmanent factors, yet while tlrey last they are very powerful and are the prime movers In the present upward move ment. They have also brought Into the speculative arena an entirety new set of operators . who have been largely responsi ble for .the recent activities and manipula tion. i- navof dably the sensational advance In the war group shares affected tha entire market. It certainly awakened the invest ing public in general to a realization of the improvement which for several weeks past has been developing so silently as to almost escape general observation. Confidence was sleeping and a ohocb: of iom sort wa nec-p-sHary to shake off the lethargy produced by the onslaughts of war. I'nder the circumstances, therefore. It is pertinent to again call attention to the forces of silent recuperation which have been at work outside of the war group; the latter being a class which ithould be set apart by t hemselves and J udged strictly by t he profits secured or likely to be secured from the war. This gro-.:p in reality Is relatively small, and a due sense of propor tion should assist In drawing attention to home conditions, which henceforth must be a more important 'nflurnce- for the reason that the war has already exerted its worst cffcts upon American valves. ( heck to Radicalism. By far the most important underlying Improvement at home Is the changed po litical attitude toward big business. .Radical Ism has received -a severe check in the T nlted States. At one tlmo it conspicuously dls.raged enterprise and interfered with legitimate business, thus proving one of the mos; prolific sources of empty dinner pails. Pr j.ddent Wils in wisely called a halt on th-3e tendencies, and the result Is already beneficial, ilad It not been for the war, t h jre is no doubt that this country would today have ben enjoying a period of marked recuperation and prosperity. Tho next important source of improve ment, also a comparativtly silent one, is the working of the nw Federal reserve system. This Is havine- a helpful effect upon busi ness and credit operations. Our banking ey. st em is now upon a sound basis and in a position to meet all emergencies. Funds are plentiful to good borrowers and if inter est rates are high, it is not due to home conditions, but to forces abroad beyond our con trol. The United States is now the only free capital market ii the world. Foreign na tions are coming to us for financial assist ance; and considering adverse conditions, the amount of nw capital Issues In this country in surprisingly large, and demon strates our healthful recuperative abilities. For the satisfactory monetary conditions at home and Uie confidence thus Inspired the new Federal reserve system is very largely responsible. Another reason for stock market recovery Is the liberal dividend returns obtainable upon established Investments at present low prices. There are any number of desirable bonds and high-grade stocks that now offer unusually attractive returns. . Confidence Replaces Fear. A further source of encouragement Is the pronounced change of public sentiment. Confidence has taken the placa of fear. Purse strings are being loosened- Hoarding is stopped. Funds accumulated through fear are now being released. Gold imports have been resumed. The retail trade in the great department stores in this city has apparently turned the corner. The steel in dun try is Improving ; so is the textile ln dimtry. The demand for automobiles Is surprisingly fjood. The bogle of foreign liquidation is disappearing, and the convic tion that we have fairly arrived at the turn ing point for the better is spreading throughout the entire country. Wall street always discounts such move ments in advance. It Is engaged in that operation just now; and, if we exclude the war stocks, which have risen for special reasons, we fid that the balance of (he market has not, thus far, made any ex travagant advance. Both railroads and In dustrials (excluding the war group) are still selling considerably below the pre-war lSVfl. There Is Mttle doubt that the railroad situation will soon show decided improve ment. .As soon as the volume of traffic begins to increase, the effect of the better freight rates will be reflected in earnings; and. very soon the crop situation will recelv more attention. In this respect the outlook is satisfactory, for the reason that agricul tural products generally are bringing profit able prices. The South suffered consider ably from the recent depression in cotton. but conditions In this respect are gradually rertiiying tnemseives. Metier prices are being realised for the staple, and the South will probably partly recoup Itself through a wider diversification of product. The outlook for the market Is for con tinued activity. Speculation promises to turn to securities h itherto neglected. The violent advances of the last few weeks mttv. of course, induce from time to time consid erable profit taking, in which event shartt f lutuatl ns may ba anticipated, all of which will tend o create a healthy and more actlv trading markei. SAX FRANCISCO PRODCCE MARKETS Pricrs Current In the Bar dtr Fruits, Vnretable. Etc. PAX KRANCIirCO. April 24. Butter Fresh extras, 2Hc: prime firsts. 22Hc; fresh firsts. 21 c. Eggs Fresh extras 2"-c: fresh firsts, 19c: selected pullets. 19c. rheese .New. gtfnc; Touna Americas. li'-sc: Oreabns. l-K14ie. Vegetables fears, 'a4o; notnouse cu cumbers, $1.7o2; Rsparairus, tl.252; Hummer squash, tt."c$l; string; beans, 7 10c; wax beans, KTc: celery, $102.50. Onions California, ToctS.l; Oregon. 90c 1.10. Fruit Ltmoii!, S1.S0I9S: limes (Mexican). $4fi": jrrapefrult. l.Ti ft 1.75 ; oranges. 1 i'.." 4f 2. r.o: bananas (Hawaiian). 1.50 S.L'.-); pineapples (Hawaiian). 45c per pound: apples, pippins, Stic $1.2."); Oregon rerln. 1.50ig2: other stock. 4075e. potatoes hnimas. i.4brz: river, nom inal: Oregon. $1.S52: Idaho, 1.4(l$2: new. 2!'Ef3c. - Receipts jriour. bxsz nuarters: barler. 25.0.15 centsls; potatoes, 1330 sacks; hay, 504 tons. By-Prnducts. plant Proposed. WENATCHKK. Wash.. April 24 (See ds!.) The Oregon Packtns; Company, of Portland, may loeat. a by-products plant In vVenatc.hee If conditions are found, to be satleraetory in tho valley, according; to a letter received yesterday by Hecretary Bod erling of the Commercial Club, The latter says that It la In position to contract for cherries for a term of years, but would hHve tirst to Know me number of acres planted to cherries, the age of the trees ana the varitles. If these oonditlons are found to be satisfactory it will be Interested in the establishment of a by-products plant. Naval Store), SAVANNAH, Uih. Aril Ct. Turpentine WAR steady. i6H0,c Receipts 208, shipments biro, atocjt lv.evi. Kosln, firm; sales 1749, receipts 024, ship, ments 0213, stock Hl.l'bU. Quote: AB CI 3.8S, E $3.4u. F 3.00. O $3.00, H $3.bo, I S3. 70. K ta.&V, M M 16. X W.15. WU 5. 60. WW 5.70. Coffee Futures. NEW YORK. April H4. The market for coffee futures was unsettled by scattered realizing: for over the week-end and the May notices expected on Monday and con tinued near-month liquidation. The market opened at a decline of 2 to 4 points and prices sold 4 to 12 points net lower during the morning, with the close a shade up from the lowest on covering, but with last price still showing net looses of from 2 to tf points. Sales. Including exchanges, were 62,700. AprU 5.97c, Hay 5.7c, June 6.07c, July 7.27c, August 7.&4c, September 7.42c, October 7.4&c, November 7.64c, December 7.ti0c, January 7.67c, February 7.73c, March 7.80c. Spot, Quiet; R5o No. 7, 7c; Santos No. 4. 10c Brazilian markets unchanged. Elgin Butter Market. EILGIN, 111., April 24. Butter Lower; 423 tubs sold at 28c. 10O tubs at 27Hc, and 400 tuba tKansaa) sold at 26c. Dulutli Unseed Market. DULUTH, April 24. linseed on track and to arrive, $1.9&i ; May, ; July, S1.9B; September, 2.0- Metal Market. NEW YORK, April 24 Copper continued firm. Electrolytic. 19 18.25c; casting, 17.6pl7.7c. Iron unchanged. BULL CABLES LIFT WHEAT 131ROPKAIV BCYIXQ OIT BOTH OLD AM NEW CROP, May Delivery Sella at Highest Price Since Krbrnarr la Chl cnr rif. CHICAGO. April L'l. Bullish cable and European buying: of both old and new crop deliveries forced the wheat market today steadily up-frrade. There was a flrong close at 1 to 2!c above last niKht. Corn sained to ; c net and oats 'i to l4c. In provisions, the outcome was unchanged to 6c down. May wheat today sold at the highest figures since February, largely as a result of a heavy decrease expected in the United States visible supply total on Monday. Traders apparently could not get away from the European Influ ences, regardless of domestic weather and crop conditions that were almost ideal for the bear side. Efforts to bring: about a Saturday reaction in the wheat market proved a complete failure. In the last hour, especially, buying; of op tions was on a liberal grate and Includ ed all the active months. Corn mounted with wheat and, ow ing; to reports of additional crop dam age in Argentina shorts covered freely. Conimlsf Ion-house call for September was a feature of the oats .trade. Other deliveries dragged. Business in tho provision pit con sisted of week-end evening up. ChanRes in prices had little If any significance. Leading futures ranged as follows: WHEAT. Open. Uig-h. Lor. close. May SJ1.KZ v. l.4Vi tl.2 l.4ij July 1.38 1.4U 1.3S 1.39T CORN. - May July .7S'i .7i .81 ' SI .81 H . .HI1. OATS. May 57V4 .F.7H .B74 .74 July 56 .i6. .56'. .& V MESS PORK. July 1S.22 JS.35 - 1H.17 1.17 Sept 18.42 18. 02 18.67 18.40 LARD. July 10.4T 10.47 10.42 10.42 Sept 10.72 10.70 10.70 SHORT RIBS. July .......10.57 10.57 J0.B7 Sept. 10.87 10.87 10.8. 10 57 10.85 Cash prices were: Wheat No. 2 red. 1.6:Vi S 1-63; No. 2 hard. 81.626 1.43'-,. Com So. 2 yellow, 79H t79)ic: No. 4 yellow, 78ji7S.ic; No. 4 white, 78078V.C. Kye Nominal. Harley 7 5 to 82c. Timothy 84.60 4.25. Clover 8 4j 12.75. Primary receipts Wheat, 717.000 vs. S27, 000 bushels; corn, 54O.0O0 vs. 651,000 bush els; oats. 1.3&3.0O0 vs. 410.000 bushels. Shipments Wheat, 1,118.000 vs. SOI. 000 bushels: corn, 900.000 vs. 777,000 bushels; oats. 904,000 vs. 624.00 0 bushels. Clearances Wheat, 803.000 bushels; corn, 297,000 bushels; oats, 495,000 bushels; flour, 3000 barrels. European Grain Markets. LONDON, April S4. Cargoes on passage firm 6d higher. LIVERPOOL, April 24. Cash wheat. Ha higher; corn, 1 to to 2d higher; oats, un changed; flour, unchanged. PARIS. April 24. Wheat. 1 higher; flour, unchanged. Minneapolis Cirala Market. MINNEAPOLIS, April 34. Wheat May. 1.5; July. $1.55.; No. 1 hard. ll.5V: No. 1 Northern. l.0"i 91.8414 ; No. 3 Northern. Si 5Bi l.l 4. riax. I1.M dl.3X. Barley, B4j73c. Kastern Grain Markets. DULUTH. April 24. Wheat closes: May, 11.44 4 blcf; July, 1.40. KANSAS CITT. April 24. Wheat closed: May. 1.6SH: July, II. 22. ST. LOUIS, April 24. Wiheat closed: Kay, .1.57H; July, U.33V.. MINNEAPOLIS, April 24. Wheat closed: May, 81.684; July. H.Eafr. WINNIPEG. April 24. Wheat closed: May, $1,441 bid; July, 81.41 asked; oats. May ic bid; July. 8'4e bid. Puget Hound 4raln Markets. SEATTLE. April 24. Wheat Bluestem, t1.:.4; f.irtfol(i. l.at: cluh. 11.28: fife. $1.2S; r-ri Russian. $1 23. Barley. $25 per ton. Yesterday's car receipts Wheat 20, oats 4. barley 1, corn 1, hay 13. flour . TACOMA, April 24. Wheat Bluestem. $1.:!2 l.:i:i; furtyfoiu, ft. 219 1.20; club. 1.2; red fife, $1.27. Car receipts Wheat t. hay 4. Ormla at Han Kranrisro. SAN KUANCISOO, April 24. Bpot quota tions: Walla Walla. $2.207f3.25 per cental; red Russian. I:.20!.:.'.; Turkey red, $3.2j frr2.3o: bluestem. $2.254 412.30. Feed barley, $1.3001.32. White oats, (1.77 4 1.80. Bran, $26426.50. Middlings. 22'o33. Shorts, $26,504); J 7. Call board sales: Barley, December $1 88 bid. Touchet Valley Kniit lmaged. DAYTON', Wash.. April 24. (Hpecial.) A bltlns frost swept up tho Touchet Valley this week ktlllngnearly ail the aprtcotB. peaches, cherries and straw berries for 15 miles. Fruit from Waits-burg- to Star and a little way up the South Touchet was damaged, thouKh the upland orchards were not hurt. Apples escaped with the least Injury, it is thought, but the apricots, which were more advanced than any other fruit, are found to be soft and ready to drop. . OVERBECiC & COOKE CO. Broker, storks. Itonds, Cta, Grain, fclc 116-117 BOARD OF TRADE BLDtt. MEMBERS CHICAGO BOA&U OJT lUADlv. Carr pmdmts mt Lori A Hr;rftn, CUIcs and New York. MEMBER9 New Tark Stock Kxchmntja CliirsMEo Htock KtrbDg Boftton mxk Kirhungg CUicago Board of TrutJe New York Cotton l.trbMgA New Orlettli Cotton fcxcluias New York ( oflfe Eirhincs New York Protinca fcxcUaaga Liverpool Cot tea Aa'o GREATWODL CENTER Portland to Be Made Leading Market of West. PANAMA CANAL IS FACTOR Columbia Warehouse Company lis Formed to Divert Product of Pacific Coaflt to This City. Growers Will Bo A!dd. Portland's first Important step to make this eoramunttjr a bis; wool market baa been taken throurh organization of tha Columbia Wool Warehouse Company. This effort, which has ben discussed ever since the Panama Canal was planned. Is taken by aool men to mean a most effective stsp to ward controllng the wool buitneas of the entire Pacific Northwest, and ultimately maktnc thla tbo only posslbla wool manu facturtnr center of tha Pacific. In organist nc the company, the scope f work undertaken Is storage of wool for the growers, and acting aa asenta for thim tn selling their product. That this may re conducted to the best sdvantsge, plans wtM ba matured to aid the growers stTt tha In dustry as a whole. One of these will ba to make proper advances on tha clip, to ttt tho grower over emergencies, and to make him stronger In handling his produce. The officers of the new com puny are J. 11. Robbtn, tha well-known sheep owner, presi dent; J. C. Alnsworth. of the United (slates National Bank and Henry 1 Corbtt. of the First National Bank. lc-prcnldents. S. C. 8pencer, secretary, and 1J. F. Roy. treasurer. ' E. W. Rumble has been chosen general manager. The directors are Messrs. Hob in. Corbett and Alnsworth. and R. N. staniield, C. C. Colt, W. F. Dickey and E. W. Humble. For the present, warehouse space Is to b rented, but as the business Is estshllshed. It will be the purpose to erect a large wars house for the company. The ultimate pur pose of the organization in developing the business will be to make this the real wool center of the whole North west. Proper classifications and grsdlngs will be mad) here, and the product will be ofiered to the trade at auction or by sealed bid. as may be decided by the growers. In past yean wool has been bought at in terior points, near a here It a produce'-!. This meant that there could be n.j a tout aggregation of fleeces. Po tnnts were usually made directly through hlcago or Boston. The clip then moved dlr clly to those points. The rail rat's w.-rr from i per hundred between Portland and Ttoston, up to $2 per hundred from certain iuf-rloi points nt-ar the dividing lino where water Influence was not flt. With water transportation through llic Panama Canal effective. It a arm I hat a very low rate Is now possible i Um.u. if the wool may be hrouilit to fldewHtt-r at a low cost. The locals of the railway pyatcina for this haul will be further reduced for tho Portland warehoUHO company through in fluence of the Columbia mid Miu! o Tiiver navigation. It has been the nmhit ton of the growers, when the Columbia Mas properly opened, to drive their flockn n near navi gable water as ponnlble and then rhlp the fleece to tidewater by river rrs f t or over railways reflecting river competition, thus securing a very low charge In reaching the Panama Canal steamships. .Expert 1 manufacturers In woolens have often stated that a great development of that Industry could not come until tho fac tory district had the benefit of a wool mar ket condition. This Is bent Illustrated In Boston, where fleece from all parts of the world are centered. This Klves the manu facturer the opportunity to choose from a multitude of grades and classes of wool for his requlrementa Thus the raw material problem is. reduced' to the simplest form. As the entire clip of the Northwest may ba brought to this city under the system that Is planned by tha new warehouse com pany, combining tho product of the rang flocks with the higher grades from west of the mountains, it Is readily seen that manu facturers locating here will have many pro nounced advantages which will in coming years grow in Importance, ss wool from more distant markets will be attracted. It Is known tn Europe that the climate and water of this region west of the Cas cades duplicates almost Identically the fa vorable conditions found In gland for the manufacture of woolens. The water is soft and without the alkaline properties that In jure the fabric, while the air Is soft, humid and without extreme tempe rat urea Thla being true, all that the situation requires for moat Important developments Is. first, the wool market, which Is sought now to ba established, and than the opportunity for reaching the market at low transportation charges. Offices of the new company will ba main tained lu Nortli Portland, where ultimately It is expected that the large permanent warehouse of the eoacero will ba erected. Chicago Ial ry Produce. CHICAGO. April 24. Butter, higher. Creamery. 226 .fnc. KrKi R--e1pt, ItO,114. ca4p; nne'rianred. i mi awn i 'i Ml! gsu p 1S Osr Hso4 Books ea Pstrnts. Trese-M srsi. etc., entfrce. Pmcbis proc.rr4 threufs M.nnaC. tec.lr. Ires secies is the Sclsslillc aaericas- tHUNN CO.. 49 W.lwsrtk Bias-. N. T. MUmCTOS OfFXt (27 F SW WMhsiHs. B. C starts tb chicks right. It regolai-esl th P-nntivm organ and help ward tn axscate o n.ier. Dt cayenne just rood mrdirina. et a pail f ornackace. Ceekrs rsdi andi uio are aold bv Sd. Keed. HarvLl 1 wars and Poultry buppiy biuret 1a fc - X PORTLAND AND EVERT W H Kft E. TBAVELKKS' fiVlOK. f " ML HOOD AUTO STAGES Now running to Mt. Hood resorts Wednesday and Saturday. Routledge Seed & Floral Co., 169 Second Street, Main 5y0ti, or Irvinjtton Garage, E. 14th and Broadway. East 135. COOS BAY LINE Steamer Breakwater Salle From Alnsworlk Pork. Portland. H A. M. Kridar. Krelcht ! Tl-ket Offlee, Alnmtortli l).rk. Phasu Malsi SlUMi, A 4'ltr Xlokrt 4rflee. tU Stlrnt. 1'li.ara Mnranail 4.-MMI, A Ji:tl. PUHTLAXU COOS It AY . B). 1,1-VU NEW ZEALAND AUSTRALIA Via UO.NULtLU and MUVA Palatial rucDir bteamera "NIAGARA,' 2G.OU0 tone displacement "MAKl KV 1S.C0U K'C displacement Calling- ev.ry Z8 days from Vancouver, b. C AppW tanaillan facitlo Kail war Co, 64 i4 bt., Portland. Or., or to In. Canadiaa Aa strala-Uan tto-ral Mali Lisa, 44 U be; yiuuf Isnwn, 44. C.