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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 23, 1915)
TIIE SUNDAY OKEGOXIAN, PORTLAND, 31 AY 23, 1915. 13 WOOL SEASON NEAR Eastern Oregon Market Will Open This Week. BUYERS STILL IN IDAHO Mill Keiiresentatlves Are Using Same Tuctius In Kattcrn l-'Ieece Wool Sections as in Markets of Wcbtcrii States, . The wool-buy era arc still in Idaho and uo effort appears to be making to open the market in Eastern Oregon. The coming week, however, will prob&bly see operations started In the astern counties. The disposition of growers In both Oregon nd Western Idaho seems to be to reject tho prices now offering and neither the mill agents nor the dealers have shown any signs ct of com Ins; up to the sheepmen's plane. However, the wool markets In the Kaat and. In some parts of the West have livened, up during the past week, and the broader buying Is Hkcly to lead to general improvement. At the Mountain Home sale there was a bis bnnch of buyers present, considering the quantity of wool offered, but nothing was accomplished, as has already been re ported on this page. A few sales at Boise and Shoshone are the only transactions re ported in that section. Advices from Salt T.ake are that about 1 .000,000 pounds of Eastern Idaho cross breds have been sold at 27 to 28 cents. In the early part of the season prices In the West Tvere set by the manufacturers agents and these buyers are still the leading factors in the situation here. They are row operating In the same -way in the fleece wool sections and the dealers there are also forced to take a bak seat. Commenting on the effect of mill buying, an Eastern trade paper says: 'Eastern wool dealers have felt most ad versely the Influence of mill buying In the primary markets for fleece wools. The growers have been selling enough in this way and at the prices they ask to make them confident of the future and averse to listening to the bids of dealers. Their disposition of & fortnight ago to concede a little to the demands of buyers apparently has disappeared, under the Influence of the operations of mill representatives. Dealers continue to hold off, as shearing has not progressed far enough to force them Into the field. They have been offering 23 cents for fine and -7 cents for medium fleeces, but without appreciable effect upon holders eft the wools available. ,. 'Meanwhile manufacturers have seen their way clear to pay as much as 27 cents for fine and 80 cents for medium fleeces, though little of the former class has been taken. Mill buers have been operating so freely in both Ohio and Michigan for several East ern manufacturing concerns that seller have asHumed an attitude of absolute Independ ence toward dealors, according to reports. Mont farmers ask 30 cents In Ohio and HO to 32 cents in Michigan, Some medium wool has been moved in Kentucky at 31 to 32 cents. The medium lots In Missouri are bring held at SO cents." WHEAT MARKET, WAITING ATTITl DK Demand Mnall and Holder Making do Effort to Sell. Wheat holders were not disposed to sell on yesterday's market, as is Indicated by the full prices asked at the board session. JJlds were irregular, ranging from Xk cents down to 5 cents higher than those of Fri day. No sales were posted. It is a waiting market all around with a firm undertone. Oats and barley were also quiet. Two hundred tons of July bran were sold at 527. ."O. Rxrhange transactions for the week were ;.ri,oH) bushels of wheat and rno tons of mill feed, of a total value of $5S,.123. Portland exports In the past week wore 1 .,! btiuhcls of oats. Receipts were Stf, 8mi bsuhels of wheat. 150 tons of oats and 3-jO tons of barley. Terminal receipts. In curs, were reported by the .Merchants' Kxchauge as follows: Wheat. Barley. Flour. Oats. Hay. Saturday .... 11 :i t e:ir a;o ft 'I'M. this week 4ti Year ago fif Season to date tS.Siir. Year ago l.4rt Taroma Fr Year hko $ S'-riKon to dace 8.02:1 Year ago 8,778 Seattle Frl. . 3 Year ago ." Seu.son to date 7.M17 Year ago 6,t'.00 o ft) 2626 3 32 1 POtl 2021 1 4 3124 24 I 2 12 0.-S4 1MS7 17 10 I S Hi 2tSM ; 2rt io.-, i 1012 H7 SO!) 14 107: 1 11! tm 4ur H 1 2230 'Jn I U 1 1 us i2;-.o BETTER MAKKET FOR STRAWBERRIES liuyerw Take Hold Readily and Prices Im prove. There was a better market for strawber ries yesterday. Kecelpta were of good size and buyers took hold readily. HoodKlver Clarks sold at and other Oregons nt t. 25 1. 00. The past week whs an un satipfactory one for the trade, but with three or four days of .warm weather the berries will come In fast. A short season is looked for. The cheiry supply Is moderate and prices continue firm. Calif ornias sold at $1.50 a box and Oregons at 810 cents a pound. The first California peaches and apricots have been received and sold at $1.75 per four-basket crate. Regular shipments In regulation boxes will arrlvo tho latter part f the week. Tho lust car of navel oran ges of the reason has been received. Mediterranean sweets are on the market and two cars of Valenclas are duo Thursday. The lemon market is firm, but no higher than a week ago, and prices are likely to remain stationary for the next two weeks. - A heavy shipment of fancy Hawniiau pineapples arrived yesterday and were of fered at 6fc 7 cents a pound. Pines will continue to arrive regularly for the next six - weeks. BETTER PRICES IN HIDE MARKET Advance Is Due to Improvement In Qual ity of Offerings. Local hide values have improved to the etxent of j to 1 cent on salted varieties. "The market Itself has not improved." said George M. Sullivan, "but the quality has. W look for a strong market for hides dur ing the coming Summer and Fall." Salted hides are now quoted at 14 H cents here, salted kip at 15 cents and salted calf at IS cents. In the Eastern market the activity in do mestic packer hides continues. Successive advances were secured, not only for late takeoff, which are of Improved quality, but earlier salting hides scored distinct In creases, although naturally the chief strength centered in April and May take on. Trade would probably have been of still larger proportions but for the' sensi tiveness of the market to international dis turbances. Eastern trade in country hides is still rather quiet. Foreign hide markets are unchanged. OLD TOTATOES ARE HOLDING STEADY Market Should Become Firmer In Coming Wek New Potatoes Decline. The old potato market Is about holding Its own, but as no more eastern stock is looked for, it Is probable that prices will firm up this week. In the meantime the new potato market Is on the decline. California could not make carlot shipment in the past week on ac count of ruin, but with clearing weather the movement has been resumed. Local dealers figure on handling California new potatoes for the next three or four weeks, although new crop Oregons m ill be on the market soon after the first of the month. A shlpirent of Los Angeles netr white po tatoes has been put on the market lu lugs, containing 32 to 34 pounds, and selling at $1.50 per lug. Bank Clearings. Hank clearings of the Northwestern cities yesterday were as follows: Clenrlngs. Balances. Portland .1.502.7rS $102.42 Seattle 1 i,M 4"! 7 "S Tacoma SMl,o5.i 26 135 Spokane &S,7J3 66,653 Clearings of Portland, Seattle and Ta coma for the past week and corresponding week In former years were: Portland. Seattle. Tacoma. ,n !.:; l.2ft $11,043,227 $1,770,641 lUl-t 11.Sin.6H2 12.000.3s 2.175.661 ir.oo7.73o i2.6irs.o76 2.607.623 191 2 O.S31.;;n6 ll.333.S37 4.0O4.W33 1111 S.7S6.127 T,::4H.:i24 3.007.353 101ft S.747.2.:. 10.721.7h- 3.413. 101 loon 0.1 l.vaua- i2..V(.i.y;j .i.hsi.huo l'-' 3. S.:2, .0sO.(i:;0 2.860.4 06 1'7 ,1 IS. 568 7.5J4i.S5:; 4.251.676 10O6 4.1 4t,7iS 7,01 4. f 16 0.025, ML'O 1905 3.823.125 4.514. 530 2.340.587 1004 2. 5S5.0T7 3.04,4. 800 1.&73.N08 1063 2.23S.N'r. .f'0,ai 1. 667,81 I 1902 1. SON. 172 2.483,117 1.057. 1S6 California Spot Hop Sold. Dealers are making offers for new crop hops un the basis of 10 to 11 cents, but few deals are being closed. Spots are dull here. In California, the Rooney lot of loo bales of 1014 Sacrament os was sold at 8 c:ntt.. Beer sales In the United St a Les for the month of March, 1915. were 4.161.573 bar rels, as against 4.500.077 barrels for March, 1014. Official figures for the month of April. 1915. have not be.en published as yet, but estimates compiled by the Western Brewer show an Increase of about two-thirds of 1 per cent as compared with April, 1014. Egg Buying for Storage Small. Some poultry had to be carried over yes terday In spito of the small receipts, as the demand was light. Hens were quoted, at 12(&V2 cents and broilers at 13&22 cents. Dressed meat trade was also slow and the market rather weak. Storing of egs has almost ceased, and this has given the market a weaker appear ance. But for a fair shipping demand prices would probably go lower temporarily. Butter and cheese market were reported steady. 1-oral Vegetables Plentiful. Lo6al veg-etables have taken the place of nearly all kinds of California produce ex cept wax and string beans, and these wilt be supplied by nearby growers soon. Peas, lettuce, cabbage and cucumbers were plen tiful yeeterday. A car of "Mexican tomatoes was received. PORTLAND MAKKET QUOTATIONS Grain. Flour, feed. Etc. Merchants' Exchanpte, forenoon session. Prompt delivery. Wheat B'd. Ask. Bluestem f 1.18 $ 1.19 Fortyfold LIS 1.15 Club 1.11 1.14 Tted fife 1.0(5 1.1.1 Red Russian 1.06 1.09 Oats No. 1 white feed 2S.00 30.00 Bnrlpv No. 1 feed 53.00 24.00 Bran 2fl.2.-i 2rt.. Shorts r 2R..'.0 iS.OO Futures Juno bluestem 1.17 Lift July blueste-m 1.13 1.21 .Itine fortyfold 1.13 V4 1-1 " July fortvfold 1.11 LIS .Tune club 1.12 LIS July club LOR LIS June red fife 1.0R 1.17 July rrrt fife l or. 1.1" .lune red Russian LOR Lin July red Russian LOO 1.12 June oats 2S.25 no.nft July oats 2S..VO 30.00 June barley 3.L'. 24. OO Julv barley 21. 0O 24 00 Juno bran IR.-ln 2T.no Julv bran 27.2.". 27.7-" June shorts St.7."S 2S.no Julv shorts 27.7." 29.00 FI.OUR Patents, JR.40 a barrel: straights. ,vVir,l wheat, s.0.2--.: (rrahin. $ti. M I LI.FEED Spot prices: Bran. f2Ta $27. oO ner ton; shorts. $'-'! 0 29.50; rolled bar ley. 2H.S0iff 27.00. CORN Whole. J33 per ton; cracked, 30 per ton. HAT Eastern Orecon timothy. S13Mb: Vallev timothy. 12v 12.R0: grain hay. flOjji 12; alfalfa, 12. BO 13. SO. Fruits and Vegetables. Local lobbing Quotations: TROPICAL FRUITS Oranaes. navels, 2.r0fl 3.T.0 per box; Mediterranean sweets, $2.?0r2.7r.: lemons. S3.r.Oft.t per box; ba nanss. 4Hfff!c per oound: prrapefrult, $4.r0 (&."vr,0: nineepnles. 0ci7c per pound. VEGETABLES Cucumbers, Oregon, 73c $1.25 per dosen: artichokes. 75c doon; to matoes, $5 per crate; cabbaure, 2fff.2Uc per pound: celery. $3.50 per crate: head lettuce. J1.25 per crate: spinach. 5c per pound; rhubirb. 1 flrr 2c per pound: asparagus, 7r,a fi"51.2.ir fcrnlant. 25c ner pound; peas. 7c ner pound: benns. 10s?12r ner pound. OR KEN FRUITS Strawberries. Orecon, $1.25r2 per crate: apples, S5ciSf$L75 box; cranberries. $lli12 per barrel; cherries. Oreron. SrdJlOe per pound: California. SLH0 ffil.75 per box; gooseberries. 3s4o per pound. POTATOES Old. $1.T3L85 per sack; new. 4r 5c per pound. ONIONS Yellow, l1.r0; white. $1.75 per crste. MACK VEGETABLES Carrots. $lrirLK0 per sack: beets, $1.50 per sack: turnips. $1.40 per sack. Tlry and Country Produce. Loesl jobhins: Quotations: KGOrf Knesfe Oregon ranch, case count. IS - 'r 1!tc: handled. 20r21e per doren. POULTRY Hans. 12 fr 12 Vic: broilers. 1 5 ft 22c: turkeys, dressed. 22to'24c: live. lfiflSc: ducks, old. (tflf 11c: geese, sfOc. BUTTER Creamery, prints, extras, 2Se per pound In case lots: He more in less than case lots: cubes. 21 H fc.f 22 f-i c. CHEESE Oregon triplets. Jobbers buvlng price. 130 per pound, f. o. .b dock. Port larH; Youniy Amer'rss. 144o per pound. VE A L Fancy. Iflfli'llc per pound, PORK Block. lOffllotjc per pound. Staple Groceries. Local lobbln quotations: SALMON Columbia River one-nound tails, $2.30 per doxen; half-pound flats. $1.50; one-pound flnts. $2.50; Alaska pink, one pound tails. $1.05. HONEY Choice. $3 25 per case. NUTS Walnuts. 15(;24c per pound; Bra rll nuts. 15c: filberts, 1424'-; almonds. ll fir22c: peanuts. Rsc; cocoanuts, $1 per doa en : r-epans, 1flw20c: chestnuts. 10c. BEANS Small white, law'2'Jo; large white, lie: Lima, flu-c: bavoti. 6t.c. COFFEE Roasted. In drums, 31 V, 33 He. SI'GAR fruit and berrv, $fl.S0; beet. .iO; extra C. $RS0; nowdered. In barrels $7.05; cubes, barrels. $7.20. SALT Granulnttd. $15.50 per ton: half ground. 100s. $10.75 per ton; 50s, $11. BO pr ton: dalrv. $14 per ton. RICE Southern head. 6j'filc: broken. 4e per pound: Japan stvle. 5rd5yc. BR1ED FRUITS Apples. So per pound; apricots. loJMKo; peaches. 8c: prunes. Ital ians, ROr: raisins, loose Muscatels. 8c: un. hleached Sultanas. TUc: seeded, flc: dates. Persian. 10c per pound; fard, $1.65 per box; currants, S12c. lions, Wool. Hides, Etc. HOPS 1914 crop. 10glOHc; contracts. 10 ft 1 1 e per pound. HITF,S Salted hides. 144c; salted kip, 15c; salted calf. IRc: green hides. 13c: green kip. 14c: irreen calf. ISc; dry hides, 24c; drv calf, 2rtc. WOOL Eastern Oregon, medium, 25c: Eastern Oregon, fine, 1Ssj'2I1c: Valley, 23 r- "'Sc. MOHAIR New clip. 3031c per pound: ( ASCARA BARK Old and new, 4w4Vic per oounu. PELTS Dry long-wooled pelts. 14c; dry short-wooled pelts. 10,-; dry shearlings, each 10o)15c: salted shearlincs. each 15f525c: dry goat. . long hair, each 13c: drv goat, shear lings, each. 0Fr20c; salted long-wool pe.ts. Ma v. $l iff 2 each. GRAIN BAGS nominal, T',47Vic. Provisions. HAMS All sizes, 17jei1sV4c: skinned. 17'4lSHc: Picnics. 12c; cottage roll. 10c; broiled. 17fn'27c ; BACON Earcv. 2S2Sc: standard 22 23c: choice. Hwilc: strips. 17e DRY SALT Short, clear backs'. 12Hf!13c; exports. 14Ht1Hc: plates. llin12-.e LARD Tierce basis: Kettle rendered," 14c; standard. 12c: compound, 8Je. BARREL GOOD Mess beef. $24: plate beef. L"5: brisket pork. f?S.50f pickled pork feet, $12.50: tripe. $9.ri0ia 1 1.50 ; tongues, $30. Oils. KEROSENE Water white, drums, barrets or tank wagons. 10c: special drums or bar rels. 13u,e cases. 17 H (a 20 'Ac. GASOLINE Bulk. 12c: cases. 19c: engine distillate, drums. THc; cases. THc; naptha, drums. 11c: cases, 1 Sc. LINSEED OIL Raw. barrels. 75c; raw, rases, Stic; boiled, barrels, 77c; boiled, cases, 82c. TURPENTINE in tanks. 57c; In cases. 64c; 10-case lots. 1c less. Chicago Oalry Produce. . CHICAGO. May 2. Butter Unchanged Ecgs Receipts, 1. 297 chscs. unchanged: at mark, rases Included, 16il7Vic; ordinary firsts, 16& ttic; firsts. 17lTr. N'tw York Sugar Market. NEW YORK. May 22. Raw sugar steady Sale. 5000. Molasses, 4.12c; centrifugal' 4.S9c. Refined, steady. Duluth Unseed Market. miLUTH, May 22. Linseed, cash. $187 May, $1.86; July. $1.99. SLUMP COMES FAST News From Italy Causes lent Break in Wheat. Vio- EARLY GAINS WIPED OUT Speculators, Elevator People, Mil lers and Farmers, Dump Their Holdings in Chicago Pit Do mestic Xens Unfavorable. CHICAGO, May 21. Action by King Victor Emmanuel, which seemed to imply that Italy regarded herself as already at war. made prices tumble today, notwith standing an erly advance. There was an unsettled close. lHc to lo under last nisht. Corn finished c to c down, oats HgC orr to He up, and provisions at 2 He to 12Hc decline. Despite the fact that in the first half of the session crop damage reports had led to excited buying in wheat, a flood of hold ings swept into the pit when announcement was made that the Italian King had signed a measure conferring on his minister ex traordinary powers lasting "for the dura tion of the war." On tho downturn that quickly followed in values, the sellers were said to have included not only speculators but elevator people, millers and farmers as well. Unfavorable domestic crop reports and higher foreign quotations started the wheat market at the opening on an upward slant. In particular, the bulls made much of the statements that late seeding throughout Southern Illinois was virtually a total fail ure. Notice was also taken of advices that most of the reserve stock In Argentina had already been shipped or arranged for. Corn advanced and then receded iu com pany with wheat. In oats the feature was active buying on the part of one of the largest elevator con cerns. As a result the market had some Independent firmness. Lower prices ,for hogs weakened provi sions. The selling, however, was not urgent. Leading futures ranged as follows: WHEAT. Open. High. Loiv. Close. May $1.56 $1.67 $l.r.3 $1.54 U July 1.2$ Vi 1.30H LJ7', 1.27' CORN. May July May July July Sept. July Sept. July Sept. . .74 .75 . . .76 .76 OATS. . .S2U .524 . ,5t4 .51H MESS PORK. .7S5J .r2 Vi .50?, .73 x.5o .18.12 IS.Ki 1S.OO .18.37 1S.45 1S.3U LA R D. . .75 9.77 9.72 .10.02 111.02 9.95 SHORT RIBb". .10.55 10.57 10.52 .10.82 10.S2 10.Sl IS. 02 ,18.32 9.75 10.00 10.55 10.80 2 hard. Uash prices were: Wheat No. 3 red, $1.54; No. $l.o4H (' LB5. Corn .No. 2 yellow, 74 Z c; other nominal. Rye Nominal. Barley 73to79c. Timothy $5&'6.25. Clover $S.50U 12.75. Primary receipts Wheat, 532;'jOO vs. 511. 000 bushels; corn, 414,000 vs. 512.000 bush els: oats, ,".11.000 vs. 717.000 bushels. -Shipments Wheat. 707,000 vs. S42.000 bushels: corn, 542. 000 vs. 358.000 bushels; oats. 6S8.00O vs. 1.053,000 bushels. Clearances Wheat, 8ti.00t; bushels; corn, 145.000 bushels; oats, 95.000 bushels; flour, 52.000 barrels. Foreign Grain Markets. LONDON, May 22. Holiday in England. BUENOS AYRES. May 22. Wheat un changed to Hd lower. Corn unchanged to H higher. Minneapolis (srain Market. MINNEAPOLIS. May 22. Wheat May. $1.59'4 asked; July. $1.4i"; No. 1 hard, $1.2H; No. 1 Northern, $1.55HGL62; No. 2 Northern. $1.56H S-1.59. F.atern Cirnvln Markets. WINNIPEG. May 22. Wheat closed: May, $1.58 bid; July. l.StJH bid. DULUTH. May 22. Wheat closed: May. $t.57H bid; July.i $1.52H; September, $1.21 H. KANSAS CITY. May 22. Wheat closed: May, $1.46'i; July, $1.204 bid; September, 1.15H. ST. LOUIS, May 22. Wheat closed: Mav, $1.47 bid; July, $1.22H; September, $l.l--4 asked. Gruin at San Francisco. SAN FRANCISCO, May 22. Spot quota tions: Walla Walla. $2.052.10; red Rus sian, ?'iw:' OJV); Turkey red, $2.10C(t 2.12 H : bluestem. $2. 10 (t 2.12 H : feed barley. 1.1. 1.17H: white oais. $1 ,75(Jj 1.77 H : bran. $26.50 27 : middlings, $2.n 3.'i; shorts, $2S. 50 nl 29. Call board: Barley, December, $1.21 bid, $1.23 H asked. Puget Sound Grain Markets. SEATTLE, May 22. Wheat Bluestem, $1.16; fortyfold, $1.12; club. $1.11: tife, Sl.OK; Red Russian. $1.05. Barley. $23 per ton. Yesterday's car receipts: Wheat 3. oats 2, bay 12, flour 6. TACOMA. May 22. Wheat Bluestem $1.15 Kil.ld; fortyfold and club, Jl.luSj-1.12; red fife, $1.06. No receipts. TRAFFIC IS GROWING DECHEASE IS RKPOKTKU IS BER OF IDLE CA US. Many Other Signn of Improvement In IomeKttc Buftlnev- Crop Condi tions Arc Above Average. Writing on the favorable Industrial and financial situation, Henry Clews, the New York banker, says: Aside from the war, conditions In the Vnited States are slowly but surely mend ing. We have now entered a period . hen agricultural conditions are a vital factor. Some of our crops are likely to be late and their condition is not always as high as the exceptional averages of a year ago. The condition, however, in generally above the average and the acreage under cultiva tion Xa increased the reduction in cotton being made up In other crops and there is every assurance of a good export demand for all agricultural products at satisfactory prices. Already the outlook is for a record wheat crop. Our industrial situation is slowly emeiglngr rrom tho extreme depres sion of a year ago. Bank clearings show no such losses as during the Winter mouths, and in many in stances satisfactory gains are being shown compared with last jvar at this time. The first four months of the current vear showed a decrease In clearings at all cities of 0.S per cent, while the total for April showed an increase of nearly l per cent, and the returns for May promise to give better results; thus proving that business has decisively turned the corner. Further evidence' of recovery is given in tho monthly report of idle cars, showing a decrease of :t?.u00 for the month of April Building operations at leading rities showed a decrease of about c pr cent in April, compared with a decrease, of 1 2 per cent in March. The total lake tonnage for the month of April was 1. 40. 000, compared with "00,000 tons a year ago. The cotton indus try shows improvement; New Bedford mills never being so activo as now; while the April cotton recefpLs at New England points were nearly-double thos of April last year. The woolr-n goods trade lias been much stimulated by the war and we are now ex porting considerable quantities in conse quence Instead of importing. The effect of the war is most conspicu ous in the steel industry. Unormous orders have been placed In this country for shrap nel, showing that the Allies Intend to push the contest to the point of exhaustion. Our steel mills are profiting more than anv other by the war. The automobile trade is brisk and many makers report larger sales than a ear ao. Stock exchange activity has been well sustained and the total transactions since January l now amount to over -!,". 000 UOO shares, compared with n::. 000,000 shares st the same time in 1H14. The sales of bonds during the same interval have amounted to about 310,Om.uO0, compared with 300 000. 00O a year ago. Our exports, though slowlv dving down somewhat as a result of the ctoEing of the grain and cotton season, still coni inite very heavy, and leave a favorable trade balance As a result of the latter $7,000,000 of gold were received from France this week, making total Imports since January 1 of $ttf.000.0(H. The local bond market continues fairly active and prices are well maintained. Sev eral new public Issues were announced, those of the more desirable nature being promptly absorbed, notably the $6-". 000,000 Pennsyl vania 4V- In contrast with this were the partial failures in London of the Argen tine and Fast India Railway loans. Speculation 13 still largely confined to the war group, the profits of which have often been Augmented to undreamed-of figures by the very profitable war contracts placed in this country. Coffee Future?. NEW YORK, May 22. The market for coffee futures was very quiet today, but af ter opening unchanged to 2 points higher prices advanced quite sharply on a little European buy in a in the absence of Dromnt sellers. The small interior Santos receipts proosDiy rerved to check offerings and in spired a little demand, but sales were re ported of only 22.0 bags. The market closed at a net advance of JO to 14 points. May, o.?5c; June. 5..Vo; July, 6.60c; Auguat, 0.64c ; September. 6.tK; ; October. 6.72c; No vember. 6.75c ; December, 6.7Sc: January, 0.84c; February, 6.B0c; ilarch, 6.05c; April, 7.03c. Ppot quiet. Rio, No. 7, TVic; Eantos, No. 4. c. MKrcis prices were unchanged and the rate of Rio exchange on London was un changed. G ATTLE TRADE IS GOOD OFFERIXUS MOSTLY WELL FIX , 1SHEO LIGHTWEIGHTS. Mors Kara Off After Advance In Early Part of Wfrk Sheep Re ceipts Are Liberal. The week closed with a quiet market at tne stockyards and no material changes In tho price situation. Receipts were 3S9 nogs. t.i sneep and 5 calves. The shippers With hoga Attalla D. & P. Co.. Attali wasn.. l car; b. hhressfler. Uewiston, 40 nogs Dy boat. With sheen C. W llllmnn Htecy, 2 cars; K. H. Meyers, Roseburx. 2 i-uro. wnn mixed loads Klce Bros.. Sheri dan. 1 car calves. hoKS and she.o! .1 Allshter. Hubbard, 1 car hoits and sheep. The Wt. Price.l wt. Price. 2 caives L'MI 7.7.i!17 liofrs 253 17 To it hons ::.-, 7.0ti;7 hois 1S7 7 Xli 1 hS -'50 7.00110 lambs .... 50 8.00 j iie oinrini weeKiy market report or the Portland Union Stockyards Company fol low : "The. receipts tor the week have been: Cattle, 941; calves, 44; hogs, 3770; sheep. "The cattle run was light this week and tho offerings were mostly of the lightweight, well-linished class. Hay-feds brought a good quarter more than was paid last week. Pulp-feds sold for ts.20, the top price for the season; hay-feds, $7.65 to $7.00; cows, $3 to 3..T.0. "Prices went up another notch In the hog division. Choice light hogs sold for S.:5, Kolng doan near the close of the week. Demand good and market strong. The receipts in the sheep section con tinue to be liberal. Lambs did not bring as good prices as were paid tbe previous week, dropping from $8.iK) to $8.25 for first-class stuff. fimo lambs sold off ears at ss.sn. Kwes are quoted at $5.2o to $5.73; yearlings. 7 to $7.25." The following sales are representative of the week's trade: Wt. Price! Wt Price ...1118 $..- . .. um .5o 51 steers ..1191 $S. zu IS cows 3i2 steers .IV-:: cows 26 steers n steers 7."7 hogs . nao hogs 515 hoKS o14 hogs 44 lambs stl-.l 1 cow . . .1071 . . . 1(11 5. nl . .10S1 . . 212 -.211 . . 211 . . 201 S.0i 1 cow 8.25I 1 bull 5.25 450 5.50 7. on .1711 K.2HI 1 stag 137t K.K. 1 heifer . .1131 ts.lw 11 calves .. 2m R.liv 21 3 wethers .111 7.2-ii 17 ewes .... 108 8.00 55 . sr. :l yearlings 72 5.50 Prices current at the local slockvarda on the various classes of stock: Best steers 7.r.0'r 8.20 Choice steers Medium steers Choice cows ........ Medium cows Heifers Bulls Stags Hogs Light Heavy Sheep Fheared wethers .... Sheared ewes Sheared lambs Full wools $1 higher. 7.UO(tl'7.00 .7o'(y 7.tM .25a B.S0 5.00ia o. (5 r.DO w 6.75 .50fa5.75 5.00 6.75 7.15418.00 6.5O4T.10 6.00T.OO 4.00 n 5.75 6.00 & 7.25 Omaha Livestock Market. SOUTH OMAHA. May 22 Hogs Re ceipts, 12.000: lower. Heavv. K-j:,k75-il. light, 7.SOi7.4n: pigs, $J.50g7.25; bulk of sales. $7.27 7.32 V. Kttle Receipts. 101); steady. Xatlve steers. $7.50WO; cows and heifers. S&8 in Western steers. $.50(rtS; Texas steers, $ i. 4ii; cows and heifers $o.S0f7.35: calves $8.2.".j 10.75. Sheep Receipts. 10O; steady. Tearlings V.il5'- '"h"". $8.25 S 0.25; lambs. $10.50 4 11.50. Chicago Livestock Market. CHICAGO. May 22. Hogs Receipts. 11, 00(1; slow. 5c under yeslerdaVs average. Buik. $7 W5 7.I15; light. $7.40 7.72 14 mixed. $7.404,7.70: heavy. $7.15 7.63; rough $7.1.rti 7.30: pigs. $ Si 7.35. ' Cattle Receipts, JL0: steadv. Native bef Steers. li.!MIf M.25- Weatei-n .i -. , ana neirers. :j.2Oar.70 $ti.508.35. -u Sheep Receipts. 20O0; steady. $7.407.SO; lambs. $7.75 10.10. calves Sheep, ANNUAL SHEEP DRIVE IS BEGUN North Central Washington to Graze 75.000 licad on Government I.and. WEXATCHEE. Wash.. Mav 22. (Spe cial.) The annual drive of sheep onto the Government land of North Central Wash ton from the southern part of the state has begun in earnest, it is estimated that fully 1 .i.OOO sheep will be grazing In the We natchee. Chelan and Okanogan forest re serves and the Colville reservation this Summer. Every year the sheepowners of Yakima. Toppenish, HI lenshurg and other towns south of the Wenatchee Mountains drive the sheep over the mountains to the upper counry for fc'ummer grazing 011 the government lands. Heretofore the sheep have been driven the entire distance, going by wav of the Eig Bend country. This year with the opening of the railroad and tho fencing 01 the Pig Bend country, the sheepmen have found It more desirable to drive to some loading station on the Great Northern and ship to the srazing ranges. New per mits for grazing In North Central Washing ton are difficult to obtain, as there io a large demand, and the old permits when renewed allow all the sheep on the ranges that possibly can obtain sufficient grass. RArv GREATLY BENEFITS RIDGEFIELD Strawberries and Cherries Show Slight Dam age From Moisture. RIDGEFIELD, Wash., May IS. (Spe cial.) The rains of tne past week have been of great benefit to the farmers and fruitgrowers of this sec'.lon. vVhlle the ag gregate amount of rainfall has not been large, the numerous showers have supplied a much needed quantity of moisture. It will hold the strawberries back and may result in a little damage to this crop, according to some reports, but It has the feature of pro longing the strawberry season. . Grain crops are well advanced and are looking fine in most sections around Kldge fleld. Although some farmers and fruit growers say it Is too early to hurt the cher ries yet. it Is noticeable that quite a few of tham are bruised and now show brown spots as a result of being hit with hall a short time ago. The first cherries will he ripe within a week or 10 days. Reports In dicate that the prune crop this year will be better than expected. ECHO WOOL SALE TO BE HELD MAY 5 About 600,000 rounds to Be Disposed of in First Lot. ECHO. Or., May 22. (Special.) Wool sales will be held here on May 25. when about OK). COO pounds will be offered. The woou Is stored in warehouses. About 100. noo pounds will be offered at a later date. The Echo wools are of good growth and excel lent condition this year and no doubt will bring good prices at the sale. Among the woolgrowers who have wool stored here are Stanfield brother. 150.000 poundB; Joseph Cunha. 70.000; Antone Vey, 70,000; Joe Monese, 55.000; B. P. Doherty, 55.000; William Pedro, 45,000; John Kll keny. 30,j00; James Carty, SO.OnO: J. T. Hoskins. 25.OC0; Ki--lly & Ward, 20.000; Joe McNee, 10.000; M. S. Corrigan. 30,000. The recent rains have delayed the shearing; of about 12,000 head of sheep. Metal Markets. NEW YORK. May Copper Quiet. Eh-ctrolytlc. 1 S.75 u 10c : casting. ln.HT ui 1S.7-V nominal. Iron Unchanged. I lax. at Minneapolis. MINNEAPOLIS, May 22. Flax (1.83 8 Larley GS74c ALL STOCKS LISTED Wall Street Believes Italy's Entry Will Shorten Conflict. BUYING ON LARGER SCALE War Specialties in Steel Group, How ever, Make Widest Gains on Reports of Awarding of further Iarge Contracts. NEW YORK. May 22. Judging from the course of today's stock market. Wall Htreet, or at least the speculative fraternity, ia pro ceeding on the theory that Italy's partici pation In the war is calculated to shorten the conflict. This theory Is hardly to bo reconciled, however, with the fact that the most strik ing gains of the brief session were again made by the war specialties. Crucible Steel and Bethlehem Steel leading. Knould the wa e rnmM to .needv end it In obvious tliar demand for munitions and other supplies of like character would be materially reduced. Crucible Steel, which made a maximum gill of points, contributed 23 per cent to the first hours business. The entire list took part in the rise, which was most active in the first ftO min utes, after which trading dwindled, with some effect on values. Total sales of stocks amounteJ to 307.000 shares. London was observing a holiday, 50 the local market was without guioauce frim that quarter. Private cables from London and other International centers threw no light on the international situation, but in local circles the belief prevailed that Oer many's reply to this Government regard ing the Lusitanla Incident would pave the way to a better understanding Detween Washington and Berlin. The statement of the president of the United States Steel Corporation that the output of the company's plants has increased to 75 per cent, as against the 40 per cent last January, was doubtless responsiDic lor tne etrength of Steel shares. Mersantila fgen cies also reported more favorablo condi tions in general lines. Bonds were steady, with total saies, par value, of 1.M0.0U. United States coupon and rei.-itcred Ss advanced per cent on call 'luring tho CLOSING STOCK QUOTATIONS. Closing Sales. 2. boo I), too 1.200 Kl.CnO 1.MO0 ;ioo :;oo 200 High. 7s 4 102i 107 113 Low. bid. Alaska Gold.... Amal Cop Am Beet Sugar. American Can.. Am Snl & Kefs, do pfd A nl Sug Refg.. Am Tel & Tel. . . Amor Tobacco.. Anaconda Min.. Atchison Bait & Ohio. . . . Br Rapid Trans. Cal Petroleum.. Canadian pac. Cent Leather. . . Ches & Ohio Chi c.r West... Chi Mil & St P. Chicago & N W. Chlno Copper. . Colo F Iron. . Colo & South . . . 1) & R G do pfd Hist Securities. Erie Gen Electric. . . . Gr North pfd . . . Gr Nor Ore ctfs. Guggenheim Ex. Illinois Central. Inter-Met pfd... Inspiration Cop. Inter Harvester. K C Southern.. Lehigh Valley. . l.ouis & Nash . . Mex Petroleum. Miami Copper. . M K fc T Missouri Pac... Nat'l Biscuit... Nafl Lead Nevada Copper. N Y Central N Y, N H & H. Nor & Western. North Pacific. . Pacific Mall .... Psc Tel Tel. . Pennsylvania . . pull Palace Car. Ray Cons Cop. . Reading Rep ir & Steel. Hock lei Ce do nfd StLifSI-" 2d pfd. South Pacific... Southern Ky.. . . Tennestee Cop. . Teas Co Union Pacifier.. U S Steel do pfd Utah Copper. . . Wahnsli pfd . . . w.-itrn Union. .; ou'4 ll i 102 Si 107 111) ;'.6 r.ji 45 35H l"2'i U'7 J IS4 226-. 32 ' !!) 73 B7V IB', 3KVi 4'l i Ir'.. fOH 120 V, 4',i, 27 u, 20 - 7i 13 10 25 -V. 152', 117 32 IO.", 70 30 Vi 04 2fl 142 llVi 70 24 i T-'V. 12V, 120 00 S, 14 s.rv; 021, 102'i 104 2 IdOTi 154 23 '1 144 2 14 Svi. 1 34 1 2.1 125V, 15 5 ' , 0(i :i.5oo :i2- :;ii 1,001) i"i nt l,2d0 :ii 7.S 200 K7 t7 14 1.4i0 lrt 15 l.iuo 1011 lr.o. 2,000 :7V4 3tV4 600 -41 -10 "660 '66 Vs '" "6.400 'ii'ii 'ik'i 700 27 'Ik ""': e.iio 5.300 200 200 1.400 4,400 -ioo G.100 i.noii BOO 5. (0 1.400 :5iM) l.trtiO 2". ion too 2t4 153 Li 117'. h 0i '70s :;o, 112 25 7. 153',s 117i 32 5S 70s. 29 "2'V" 142 "' " 24H 12V 12 5K I4Vi 12'-:. 12" 61 IR 1.000 1.400 105 23 104 Vi 700 107 ."..OOO o.flon 2.400 500 ' k'.iott l.Ono '-'OO 10. 1(0 40. UOO 1 1 .son 1 .BOII 20 a, 1 14 T, 2b 12 1 20 S 55 "!'' 7S 12 t JC5'i 54 '.j 'i'i r.n es'!ng Elec 37 non 07H !l Total sales for the day, 307. OOO shares U S Rcf 2s rc do coupon. . U S 3s, reg . . . 97 I V -- i 3Vs 07 j.N'or Pac 3s. . . I001.il do 4k 1(lO V f Union -lu 09 fit 01 9U do coupon. V s N 4s. reg..Kii) jso Pac Conv 5i j -j coupon ....110 ; Money, Kxehange, Kte. S'ifi YORK' Mly '---Mercantile paper. Stirling exchange. firm: 00-dav bilis $4. .,51.; for cables. J1.7SS5; for demand! Par silver. 4i)c, Mexican dollars. 3bc. Government and railroad bonds, steady. LONDON, May 22. Bar sliver. 23-!nd per ounce. Money, 1 1 Vi per cent. rls- "oJTt h ,'1l,,;t,bl1"' -' P" nt; three month, 2 13-169 -b per cent. SAN FRANCISCoTav 22. sterling. 0 clays 4....; demand. 4.78'4; cable. 4.79VA M-xlosn dollars, 35c. Drafts, sight 1- do telegraph, 3Vi. . ' BANK 1CKSF.RVE8 ON INCREASE Seven Millions Added to Surplus In Pmst Week. NEW YORK. May 22. The statement of the actual condition of Clearing-House banks and trust companies for the week shows that they hold 1S0.3H,560 reserve in excess of legal requirements. This is an Increase of $. 073,330 over last week. The statement follows: . Increase. Loans, etc 2,41g.O:4,OO0 10.611.(mM) Reserve in o w n vaults 430.1S3.O0O 2.7l.O00 Reserve In Federal serve Bank 118.6S1.00O 757 OOO Reserve In other depositaries .... 33.9S5.000 2.233 000 Net demand de posit 2.32.s1.0OO S.OfiO.OOO Net time deposits.. 131, 77S. () 1. 813 000 Circulation 37.i71.000 J J, 000 Decrease; of which J3SS.U5.0O0 la specie. Aggregate reserve. $5S2.7,000; excess re serve. 18O.3U.!S0: Increase, 7.073.330. Summary of state banks and truat com panies in Greater New York nut included in Clearing-House statement: Decrease. I-nn. etc 3374.1311.500 ;.O.-.9.900 Specie .. 48. 309. 700 2,os.;oo Legs) tenders 9.177.;oo ??9 4O0 Total deposits 70S.683.S0O ;.002,'7OO Increase Banks cash reserve In vault, $10,910,200. Trust companies' cash in vault $46,576,700. GOLD HOLDINGS GROW IN VVEKK I'ederal BiakH Report Gain or Over Two Million Dollars. WASHINGTON. May 22. Gold coin and certificates in the hands of Federal Reserve banks increased dnring the past week more than $2,000,000. according to the statement of their condition May 2T. issued today by the Federal Reserve Board. It shows. Resources Gold coin and certificates $243,378,000 Legal tender notes, silver certifi cates and subsidiary coins.... 33.832. OOO Total $280,208,000 Bills discounted snd loans Maturities within 30 days.......$ 13,b39.0OO Maturities within 60 days T2.402 000 Other S.325,000 Total $ 34.fl2A.000 Investments $ 29.342,000 Dun from other Federal Re serve banks; items in transit.. 0.650.000 All other resources '. . ll.u4S.oo Totsl resources $362,474,000 Liabilities Capitol ).aid in $ 54.135,000 Reserve deposits 295.03S.0OC Federal Reserve notes In circu lation (net liability) 1 0. S.",) OOO All other liabilities 2.442. OOO Total liabilities $32.474.OO0 Gold reserve against net liabilities, el. 3 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, 95.6 per cant. I-osdun Exchanges I'loae-d. LONDON. May 22. Today Is a holiday on the stock exchange here and the Liver pool cotton and corn exchanges. All ex changes In both cities will bo closed Mon day. Whitsuntide holidays 6AN FRANCISCO FRODVCIS MARKETS Prices Current In the Bay City on Fruits. Vegetables. Ktc, SAN FRANCISCO. May 22. Rutter Fresh extras. 23 Vic; prime firsts. Zici fresh firsts, 22c. fcggs Fresh extras, 54c; firsts. 22c; sec- oniis. 22c; pullets. 20 'c. Cheese New. Idllc; Young Americas. 13Vic; Oregon. 13S.C. Vgetubles Peas. $l(g2: string beans. 3$j0c; wax beans, 31 He; cucumbers, 5o (i 65c; asparagus. i.7o jj 2.5u ; Sumincl squash, $2 If 2.25. Onions California. 75c: Oregon, 0t0e. Fruit Lemons, $1.503.25; grapelrult. 1.00ti 2.oo; oranges. $ 1.75 2.75; bananas. Hawaiian. $1,5012.25; pineapples, do. 4ao per pound; California Pippin apples, 76c4? $1.30. Potatoes New Delta, 12S.2J. Receipts Flour, 16,51)5 quarters; barley, 24'.H centals; potatoes, 3715 -sacks; bay 42U tons. Naval stores. SAVANNAH. Ga.. May 22. Turpontl Firm. ;isfij3sUc. Sales. 151 barrels; re- ceipts. oOS; shipments. 137; stock 21 Kosln Firm. Sales. B.V2 barrels .947. l;e f;4. K. I. ceipts. 1540; shipments, 3743; sto.-ks 53 Quote: A. B, J2.72V. C, D, 2.b2V.; J2.02; F. 3.02'i; G, $3.10; H $:i.ls"i.-. $3.13; K: $3.35; M, $t; N, $5; WU. $. WW, $5.50. WARORDERS EHQRMQUS A LI. IDS AHK MHAYl lilVKKS OK AUKRICA.V SUGAR. Contracts Placed for Shells. Hosiery and Absorbent Cotton Mills Running; Full lllast. The Allies are heavy buyers of sugar in this country. Announcement was made of the purchase by the French government ol 34.000.000 pounds of granulated sugar, on the basis of about 4.00c per pound in bond, says the New York Journal of Commerce. It was also reported that the British Gov ernment was In the market tor 15o.('00.0(io pounds of raw susar. About i..ooo.fOO pounds of granulated sugar were sold to the United Kingdom. The value of these three lots of sugar Is approximately $9.ihooo. The Richmond Hosiery Mills, of Chatta nooga, Tenn,, arc operating day and night turning out socks for the Ruisiau. French and British armies. The Southern Aseptic Cotton Company, of Chattanooga, is producing large quantities of absorbent cotton for the bcl'.igerent coun tries. According to R. T. Cameron, the man ager of the company, the capacity of the plant has been doubled In size since tho out break of the European war. Orders for ab sorbent cotton are constantly being sent u tho company by its agents in New York. Tho Richmond Forging Corporation. It was reported, has received outers for forged parts to .e used In tho making of ex plosive shells for the ltussiuu and French governments. The Scovllle Manufacturing Conipanv, ot Waterhury. Conn., is filling a large order for 10-lnili shells for the Ili-ltish Govern ment. It Is reported that several Krilii-h army officers are supervising the work. The Globe Malleable In. 11 Conipanv, of Syracuse, has rejected an order for 2,()oo.oou bayonets for the allies because It has all It can possibly do to fill the orders for asr materials already booked. The Brown-I.ipe-Chapln Company, of Syra cuse. Is installing additional machinery In or der to be In a position to expedite the' manu facture of certain war materials. The Poolo Kngir.eering & Machine Com pany, which has a plant at Woodberry a suburb of Baltimore, is about to be awarded a large contract for the manufacture 01 shrapnel shells. The companv is to expend about 500.o,H) for the Installation of new machinery required for tne manufacture ot the shells. The Davidson Chemical companv at Cur tis Bay. aUio near Baltimore, lias received an order for sulphuric aoid which it Is to ship to the plant of the Dupont Powder Company. Information received from Chicago was to the effect that the German government BMMUKht -,, "0 'et of tamarack lumber at Stillwater. Minn. GRANGERS WILL GATHER PROGRAM Mi: KKADY Foil SKSION AT CKVIRtl.lA. JIAK 1 TO 4. Speeches. by tiovrrnor LlMrr and Mayor Will lie Features of Club's F.ntrrtninmrnt. CENTRALIA. Wash., May 22. t Spe cial.) On Hie opening night of the meeting of tho State Giansr.-, which will be held here from June 1 to 4. and the complete programme fOI- which was announced this week, the Ccntralia Commercial Hub will stafre an enter tainment for the visiting de!.-eatea of whom it is expected there will be 1000 The Hub City Band will furn'.Mh the music. Mayor H. W. Thompson will deliver the address, of welcome, and Y. Frase, master of the Lewis Pomona Grange. on behalf of the KranKes. Responses will be delivered by r. B. Ketcley, master of the State Grange, and W. E. Powell, lecturer of the State Grange. An address by Gov ernor Lister will be a feature. A public reception and dance will follow. A feature of the programme for June - will be; an open-air bamjuct in the I'ity Park, at which 1200 pet-sons will be served at one long table by 00 On tralia business men attired in white aprons. Wednesday niht the decrees of Pomona and Flora will be conferred. The election and installation of new Officers will be the principal order of business on Thursday, June 3, and the meeting- will close Friday niRht with a grange rally and social meeting. The fraternal delegates to the meeting in clude K. P. Marsh, of the Washington State Federation of Labor; L. C. Crow, of the Farmers' Educational and Co operative Union; Lucy R. Case, of the Joint legislative committee; c. K. fcjpence. of the Oregon State Grange, and H. Harland, of tho Idaho State Grange. The city will be decorated for the Grangers and nothing will be spared in showing the visitors a good time. The 18 granpes of Lewis County will assist a Centralla committee In the entertainment. TWO CROPS SIMULTANEOUS Cottage Grove Man Also Has Cow That Yields 8 Per Cent Hutter Fat. f'OTTAGK OROVE, Or., May 22. Special.) A Jersey cow tlia t rives milk testing 8 per cent butter fat is ald by W. J. Messenger, the owner, to be one of the richest milk producers in the country. The ini tk from this cow. Mr. Messenger asserts, never Roes below 6 per cent, which is a hlh test. H says there is not more than one cow in 5000 that ever gives milk test ing 8 per cent. The animal produces about 2 1 pounds of the milk a day. Mr. Messenger says that he aUo has eome cherry trees that are pro ducing two crops at the same time this year. He believes, however, that the earliest crop will drop from the tree before attaining any ereat size. Wallace Has Heavy Rain. WALLACE. Idaho, May 52. (Special.) During the pat 24 hours Wullace hap experienced the heaviest rainf.ill in the h i story of its weather iureai?r One and one-t'ourth inches feTl, according to the bureau record, o nd t'.ieie more to come. Thquph the rai ny noason usually lasts from May to June 1, the weather is, as a rule, more inclined to mere cloudiness than to the general precipitation. LOW LEVEL REACHED Forekjn Exchange Drops to Minimum Figures. LARGER CREDITS REQUIRED Sou Hi Anicri'u A No Ntot ia tln fir Now T xn ns in In I ted S La ten. Industries Little Affected by Gcrma n Com pi lea ( Ion. NfclW YORK, May 22. The weeks ituck peculation adopted a heeltatins attitude, tierm any's reply to the protest of thj United States being tho i;v-nt awaited. Even Italy's derUIon In favor of war was construed an a i-robub.o factor of delay by Germany. A marked contraction It, dealing and some covering ot ai:ort contract marked the speculative ih une, but prn-eji u ere lifted again In the final eMon, war stocks . Ing tho in out acti e and vt ron g. Tha commanding credit poult ion of t ha flitted Platen received further demonstra tion in the rHpoiijt to tne week's ni. Foreign t xchango raicn at Nrw York ai,k to low levels on all financial centers, ijuo tatlons to London Im-u the lo eel nine l7,'i, and franca and lirea hiring recorded at minim um figures of many yar. In fart, lates exx Pai is and Rome were lower than at aaty time within the recollection of veteran daler. Frame $ Lh-uhmi. ' gold transfer to the Hank of Knaland. wiih ctalllrhmrut of a a.M.uou,U00 credit, a uUltr.-M to remit gold to New York from Ottawa. Additional gold direct from Fiance and a ahipin'.iit from Japan also were announced, tut tlia feeling grow a that new and larger red its will hav to be placed here If foreign ex change is not to become utterly demoral ized. Foreign ule of American securities (it ill press on th New York market, but with out appreciable effect, although interna tional bonds at time mo d heavily. New Houth A mrican credits em nought here, with negotiation still in progrea. Kepjrti show but slight effect on the plur-tng of orders in any industry because of a chanco of a rupture with (Germany. In fact, the Inited States hteel Corpora tion's oulput at tills time 1 over 7.' par cnt of a pac it y. compared to 4 per cent ear.y in the year. Winter wheat howa sever deterioration In c-rtnin sections, but not hing ahort or extraordinary weather conditions 1m likely to prevent an enormous jieid of tliis and oth-r foodstuffs. Indefinite prolongation of the war eiTs to be the r.rowpi read in the military news by dlspasKionate ohserverc. Fig In Itulter Market. KI.I!N. PI.. M-y ''. Hotter- Firm, VMc. OVERBECK & COOKE CO. Broker, Mock. Honda, Cwttvau Grain. Ktc. SIC-ZI7 HOAKD OF TRADE RMU. MfcMUtllli 4 IIK A(,0 UOARIi UF XKAUK. Cerreftpondenla nt logno 2 fttrjan, Chicagu and New i ark. MtMBtltr .ew Tnrk Htik Kxrliritige Chicago Ptm k fc.zclirog lioton MiM-k birhango Chicago tioard of 1 rade Nrw )ork toitou Kn-taaaf New (Jrlrao Cotton t.irtia( New York oflee fc-xbange New York I'rvclnce KxrUaoge A.ieriowl Loliuat Aaa'a Portland Wool Warehouse Co. Portland, Oregon Wool stored, baled, grad ed and sold on commis sion only. Storage 23c Ton a Month Liberal Advances at Gco Our H,n Book, on Patent!. Tr4e-M,rkl. etc.. Knt Irec. Patent, procured threti tb Mnit C. receive free notice in the Scienlillc Aacrio. HUNN ft CO.. 9 WMlwarlk Wis.. N. T. WASUmaOK OFFICE: 627 f St, WukxIM. D. C tka ki.kks' ni inr, FRENCH LINE ampugoie tieneiale TrMnutlantlqur. rOSTAI. HKHXU'K. Sailings from NEW YORK io BORDEAUX CHICAGO .....May 29,3P.M. ESPAGNE June 5.3 P.M. KOCHAMBEAU iune 12. 3 P. M. FOR INFORMATION APPLY '. IV. Stintt-r-r, 8lt nth t.; A. 1). f'rulloo, SJ Morrison t.: K. M. larlor. . M. A M. I'. i:.; lorrv It. hnnlh. I lei H1 M.; A. . Shrlcion. 1110 Hil nt. ; II. lllrliMK, 4 H ail loictua at.; North llMnk Jloncj, 51 h Mil Mark hi.; I S. .'VI arlnml. xl and MavMliLnstva l.-I K. I. I)uff.. 11 3d nt.. I'ortlaod. NEW ZEALAND AUSTRALIA U HO.NOMLl tMl MIVA ePaiaticU ePf'taecgar feteanaers "MAOAKA." 2S.OO0 too Oisplce.et "UAKtKA' ).vou tuaa diapeceokeat fcalling every Zi daa from Vtocouvar, H. C Apply ( ana (lis n i ciflc KalJwey Co., fta E fct.. Portland. Or., or to tb Caaadias Ae atretafcisus Koyal si ail lUa. 44l uwux SkA-44i or. at. C Str. GEORGIANA H. irkins Transportation Co. I. ritra DiIIt KicrlM Mondn at "A.M. Sunday, J:S0 A. M. for ASTuKIA and way landlntrn. nctnrtiinir Iouvpm As toria at 2 P. M. ji-rivltiB: t'oi-tland 9 P. M. Landing 'ot of VViishliiKtoii nl. Main -i--J. A STEAMSHIP haila Direct fur ai I ram lM-o, Loa Anetea mad Mn Hieso. Today (Sunday), 1:30 P. M.' SAN IRAMIHO. rOKTI.NI Jb LOS ANOKLI S hTKAMslllr to. I ll.V.NK liOLLAM. Ami. 124 Third M. A 4r,D. Main it. COOS BAY LINE Steamer Breakwater Salla lm ina,nurb lo-k, I'urllaml, every 'I'linrndn? at K A. M. Kre-lrsht aad T!-kct (Kllt-e, Alnnnnrth Dork. Pkonra Vain :tm, A i:v.V2. It r Tli-krt OrTlor. SO tith St. I'htiara lnr,liail 1.-.K, A J.11. PORTLAXU A COOS 11 A S. S. I.IM:.