THE SUNDAY OREGOXLO, POHTLASD, MAY 21, 1916,
15
EUROPE AGAIN BUYS
Export Demand for Wheat at
Recent Decline.
OATS STRONGEST GRAIN
Dealers Offer Bags In Couutry at 1!
Cents, but Farmers Are Holding
Off in Hope of Further
- Reduction in Price.
ttiere was some export demand for wheat
In the Northwest yesterday, but it remains
to be seen whether new business will de
velop. There were reports of heavy export
buying throughout the Eastern states. The
low prices resulting from peace talk are
proving extractive to the Europeans. The
local and California demand for wheat re
mains Inactive. At the Merchants' Exchange
fclds ranged from Vi cent higher to 1 cent
lower than Friday.
Oats prices were posted unchanged, but
the market was firm, with a continued
strong demand, said to "be for account of
Government business. Dealers who have
heretofore been talking or ample supplies In
the country now assert that stocks are much
higher than formerly estimated. The late
ness of harvest is also regarded as a factor
of strength in the oats market.
The grain bag" market Is quiet, with
farmers delaying purchases in the hope that
prices will decline. Although It is clear
there will be no surplus of bags this year,
there is a slightly weaker feeling in the
market. Some of the dealers are offering
bags in the country at 12 cents in car lots.
This price would probably net a fair profit
to the sellers, though the sales could not
be replaced at this figure. The Calcutta
burlap market is very firm and importers
say the indications point to a much stronger
market. No further shipments to the Pa
cific Coast are reported, but a considerable
supply is reaching the Atlantic markets.
A large quantity of burlap left Calcutta
for ' East Coast ports during the month of
March, and trade factors wondered what
effect the arrival of these goods would have
on the Eastern market. The steamers which
sailed from Calcutta In March were the
Occano. which is due at Boston; the Kanda
har, which has arrived; the Boverlc, due in
Boston; the Hellenic, due in New York; the
Mongolian, due in New York, and the Santa
Itosalla, due In Boston.
Four steamers carrying burlap sailed
from Calcutta to East Coast ports in April.
These are expected to arrive between the
middle of June and the end of July.
Terminal receipts in cars were reported
bby the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Portland Sat. 28 3.4 8
Year ago 11 .... 3 .... 4
Total this wk. 130 2 30 29 61
Year ago 49 10 IT 6 82
ISeas'n to d'te. 10.083 1514 1781 1007 2607
Year ago 18,850 1SS6 1843 151 19U2
Tacoma Frl... 9 2 .... 5 6
Year ago 8 8 .... 8 i
fieas'n to d'te...725 504 368 2283
Year ago 8,805 682 .... 635 2037
Seattle Frl... 24 10 8 6 28
Year ago 8 4 7 2 24
fieas'n to d'te 7.647 1 257 2024 1014 4128
Year ago . 7.654 1060 251 1198 8513
EXBASGO ON OREGON PRODUCTS L
British Government May Include Fresh
Fruits, Vegetables and Pickles.
A re-port from the department of commer
cial and industrial service. University of
Oregon, says:
In our bulletin of April 28, 1916, we stated
list of things prohibited from importation
Into Great Britain. In that list was canned,
bottled, dried and preserved fruits of non
British origin. The embargo issued by the
Board of Trade of Great Britain said that.
It did not include fresh fruits, so that up to
the present date there has been no embargo
on Oregon fresh fruits into the British em
pire, but there is a prospect that before the
end of the year an embargo of this kind
will be issued. On May 4 American Conaul
General at London cabled to this country to
the effect that the Board of Trade of Great
Britain proposes shortly to issue rules re
stricting the importation into Great Britain
of vegetables, canned, bottled, dried and
preserved, and also pickles. The following
list of exports from the United States to
Great Britain shows the possible effect ol
this embargo upon Oregon productions:
The exports 'of prunes from the United
estates to Great Britain in 1913 was 8,500,000
pounds. Other fruit imports into England
In 1012 were:
Pounds. Valne.
Apples 17,4.-5,782 $608,301
Apricots and peaches .... H3,IM;8 4.244
Pears 1.B0O.528 71,421
Plums 72.GS8 4.453
Following Is a list of the vegetable imports
into Great Britain for the year ending June
SO. 1014. from the United States: iam
and dried peas, 3S97 bushels; pickles and
sauces, to the amount of J4tH,428; canned
vegetables, to the amount of X37tt,177; all
other vegetables, $9,581,
JTEW MARKET FOR POTATOES
Opportunity In South America for Coast
Shippers.
Under date of March 13, Hl, Consul
general Gottschalk at Mo de Janeiro,
Brazil, writes that there may be some opportunity-
for American potatoes toward
October or November.
Eonth America's demand upon the United
Ktates for potatoes ,has grown out of the
European war. The supply formerly came
from Germany, France, Spain and Portugal.
"War conditions have reduced the "supply and
it appears that South America must look
to the United States for potatoes, at least
-during the eontlnualon of the war. There
re lndlcalons that the market will only he
temporary and that European countries will
again control the market Immediately upon
the close of the war. But this fact ought
not to deter American shippers from taking
advantage of this opportunity and endeav
oring In every way to hold the market.
The export shipping period begins In
July, when varieties of potatoes may be se
cured that are sufficiently enduring to
carry In good condition. Furthermore, ship
ments beginning In that month are very
well timed to arrive in South America
when the local demand is exhausted.
Very large potatoes are not wanted,
medium sizes being in most demand. The
Coast markets demand the larger Btzes and
tha interior points the smaller sizes. This
requires that potatoes be accurately sized
when packed, so that these separate de
mands may be supplied. By far the best
package for South American trade is a
crate that has been designed especially for
this purpose.
STRAWBERRY MARKET IS STRONG
Light Receipts Clean Up Early at Full Prlc
First White Salmon Berries Arrive.
The strawberry market was strong and
the limited receipts cleaned up early. The
first shipment of White Salmon berries came
in and sold at 84. Kennewlck berries
brought (3.73, Sprlngbrooks and Southern
Oregon J3.25 to $3.50 and California Dol
lars $2 to $3.10. The season for California.
strawberries is now considered at an end,
though a few small shipments may arrive
at the opening of the week.
The California navel orange season will
last another week. Valencias have made
their appearance and are selling at about the
sme price as navels. Florida grapefruit is
higher on the advance at shipping points.
The lemon market la unchanged.
Cantaloupes and apricots are arriving
regularly and sell fairly well at firm prices.
A car of Florida tomatoes was received
yesterday. Two cars of head lettuce are
rolling, which will wind up the Los Angeles
season. Email Southern vegetables were
strong, as frosts in the past week cut down
the crop. The potato market was firm.
Location for Batter Board Sought.
The committee appointed by creamery
and produce dealers some time ago to at
ter.d to the establishing of a butter and
egg board in this city is now looking for a
location In the produce district for the ex
change. As soon as a site Is found an
other meeting of the produce trade will be
held and definite steps may be taken to get
the board In working order.
LESS DEMAND FOB CI BE BUTTER
F.KK Receipts Are Decreasing and Local
Market Is Firm.
The shipping demand for cube butter was
slower at the close of the week, and while
the old price was maintained there was an
easier undertone to the market. The course
of values during the coming week will de
pend on the extent of the outside buying.
- The egg market closed firm, with lighter
receipts and a demand sufficient to take
care of all the offerings.
Poultry has been coming In 'more freely
and a weaker market was the result. Dressed
meats were steady to firm at the end of the
week.
Sales of Yakima Hops.
A small amount of business in Oregon
hops was reported to be under way at the
close of the week at prices ranging up to
11 cents. " The limited stock of Yakima
hops was further reduced by . the sale of
343 bales by H. B. Scudder and 190 bales
by Paul Lundahl. No California sales
were reported.
Bank Clearings.
Bank-clearings of the Northwestern cities
yesterday were as f olows :
Clearings. Balances.
Portland ... S2,380.8-'S $94,010
Seattle 2.143.2SH 272,9tU
Tacoma 280.250 38.916
Spokane (194.330 50.810
Clearings of Portland, Seattle nd Ta
coma for the past week and. corresponding
week in former years were:
Portland. Feattle. Tacoma.
1916 $10,697,K0 $14,258,641 $2,342,308
1915 10.031, 02!l 11,943.227 1.770.U41
1914 11,819,602 12,009.388 2.175.061
1013 11,007,730 12.62.S.U76 2,697.023
1912 9,831.306 11.3.'ffl,837 4.004.933
1911...'... 8,786,127 10.340.924 3.997,353
1910 8,747,203 10.721.78.1 5,413.191
1909 6.115,202 12.503,623 3,681.006
1908 3,832.926 6.0S0.630 2.860.4O6
1907 6,118,368 7.5S6.853 4,256.676
19116 4.140.798 7,914,816 2.925,820
1905 3,81i3,123 ' 4,594,530 2,349,587
PORTLAND
MARKET QUOTATIONS
Grain, Flour, Feed, Etc
Merchants' Exchange, noon session.
May delivery,
Wheat Bid. Ask. Yr.ago.
Blupstem $ 1.02 1.03 $ 1.17
Fortyfold .93 .9. 1.13
Club 92 .95 1.10
Red fife . ." 92 .97 , 1.07
Red Russian 92 .94 1.03
Oats
No. 1 white, feed..... 26.50 27.00 28.25
Barley
No. 1 feed 27.00 29.00 23.00
Millfeed
Bran 24.00 25. OO 20.25
Shorts .. 27.50 28.50 26.50
Futures Bid. Ask.
June bluestem i 1.02 f 1.03
July bluestem 1.01V& 1-93
June Fortvfold 93 .90
July fortyfold 93 .96Vi
June club 'rl
July club 92 .95
June rid fife . I2 .96
July red fife 92 .96
June Russian 92 .94
July Russian 92 .94 -
June oats 26.50 27.00
July oats 26.5U Ki.SO
June feed barley 27. 0O 28.50
July feed barley 26.00 28.B
June bran 24.25 25.00
July bran 24.5( 25.50
June shorts 27. SO . 28.5
July shorts 27.50 28.00
FLOUR Patents, $5.20 per barrel:
straights. 4.605; exports. $4.30; Valley.
$4.70; whole wheat, $5.40; graham, $5.20.
may Eastern Oregon timotny. $4(gi
24.50 per ton; Valley timothy, $21 22; al
falfa, old crop, $1819.
MILLFEED Spot prices: Bran, $262fl.50
per ton; shorts, $29 29.50 per ton; rolled
barley. $31.50 32.50.
CORN Whole, $36 per ton: cracked, $37
per ton.
Fruits and Vegetables.
Loal jobbing quotations:
TROPICAL FRUITS Oranges, navels.
$2.103.25 per box; lemons, $2 04.25 per
box; bananas, so per pound; pineapples, 5
4p7c per pound; grapefruit, $2.75&5.
VEGETABLES Artichokes, $1 per dozen;
tomatoes, $4.25 per crate; cabbage, $2,30 0
8 per hundred: jrarlic. lOo oer pound: pep
pers, 25t&30c per pound; eggplant. 20&25c
per pound; horseradish. 84c per pound:
lettuce, $22.40 per crate; cucumbers, $1(1
1.25 per box; spinach, 4&6c per pound;
asparagus, 90cfl.25 dozen; rhubarb, y
2c per pound; peas, 67c per pound;
beans, 12ft c per pound; celery, $3.50 per
crate.
POTATOES Jobbing prices: Oregon, $1.50
1.75: California, new, 33Hc per pound.
ONIONS Oreyon, $1.50u 2.0O per sack;
Texas Bermudas. $1.25 1.75.
GREEN FRUIT Strawberries. Oregon
$3 3.50 crate; California, $2.0O2.10
per crate; apples, $11.7S per box; goose
berries, 4 5c per pound; cherries, $1 to 1.75
per box; canteloupes, $5 per crate; apricots,
$22.25 per box.
Dairy and Country Produce.
Loral Jobbing quotations: ,
EGGS Jobbing prices: Oregon ranch can
dled, 23 c per dozen; uncandled, 22 4QP
22 He per dozen.
POULTRY Hens, 18c; etags, 13c:
broilers, 2S??30c per pound; turkeys, live,
1820c; turkeys, dressed, choice, 2325c;
ducks. 163$18c; geese, 10c.
BUTTER Extras, prints, 27329c: firsts,
26c; cubes. 225c; butterfat. No. 1, 27c,
delivered Portland; No. 2, 25c; store butter,
18&N20c.
CHEESE Oregon triplets, jobbing buying
price, loc per pound, f. o. b. dock Portland;
Young Americas, 16c per pound.
VEAL -Fancy, lie per pound.
PORK Fancy. 11c per pound.
Staple Groceries.
Local jobbing quotations:
SALMON Columbia River, 1-pound tails,
$3.30 per dozen; one-half flats. $1.50; 1
pound flats, $2. SO; Alaska pink, 1-pound
tails. 5o.
HONEY Choice, $3.25 per case.
NUTS Walnuts, sack lots, 16c ; Brazil
nuts. 15lSo: filberts, 16g:18c; almonds,
16c; peanuts, oVc; cocoanuts. $1 per
dozen; pecans, 10&2OC; chestnuts, 10c.
BEANS Small white, fc; large white,
7.85c: Lima. 6c: bayou, 6iic; pink, 6V4c;
red Mexican, 6-c.
COFFEE Roasted, in drums, 14 933c
SUGAR Fruit and berry. $8.45; beet,
$3.25; extra C, $8.05; powdered. In barrels.
$8.90; cubes, barrels, $0.20.
SALT Granulated, $15.50 per ton: half
ground. ll0s. $10.50 per ton; 50s, $11.30 per
ton; dairy. $14 per ton.
RICE Southern head, Saec per
j-uuiiu, oruncn, -r,c; japan style. 4n3c.
DRIED FRUIT Apples, 8c per pound;
apricots, 18 15c; peaches, Sc; prunes, Ital
ian, 8lc; raisins, loose Muscatels. 8c; un
bleached Sultanas. 9-4 6 10c; seeded, 9c:
dates, Persian, lOo per pound; fard, $1.63
per box; currants," 8412o; figs, 50 8
un. S2": lO 4-ounce, $2.23; 36 10-ounce.
$2.4; 12 10-ounce, 83c; bulk, white, 7So:
black, 6c per pound.
Hops, Wool, Hides, Etc.
-.S0?8 115 cP. 10 11c; 1916 contracts,
11 12c.
HIDES Salted hides. 23 pounds and up.
16c; salted stags, 60 pounds and up, 12c;
saited kip. 15 pounds to 25 pounds, 17c:
salted calf up to 15 pounds, 22c: green
hides, 50 pounds and up, 14c; green stags,
50 pounds and up, 10c: green kip. 15 pounds,
lie; dry flint bides, 2Sc; dry flint calf up
to 7 pounds, 30c; dry salt hides. 2sc!
83?Bc Easte Oregon. 2030c; Valley.
r i-i "a to -v ii
' " wwouc per pound.
CASCARA- BARK Old aud new, 4c per
pound,
PELTS Dry long-wooled pelts, 20c: dry
5 . i "'i5, u2oc each;
April. -tLsag each " '""y0'w
Provisions.
HAMS All i,i.. .
21c: -skinned. 1920c: picnicsTic" cottage
rolls, 35 4C.
BACON Fancy. 2830c; standard. 24
Sjc; choice, 17(2p23o
,JI17. BAlthT't' clear backs, 14018c;
exports, 1516c; plates, 1213U
nfelRIT"";c6..Da8is' ke"'e rendered.
14Hc: standard. 14o: compound, l!V4o.
WfARs?:L ODS-m' bee?.' ifst plate
U.50. brl8k8t Pork, $19; tripe,' $10.50
Oils.
KEROSENE Water white, drums, barrels
or tank wagons. 10c; eases, 1720He i
GASOLIN13 Bulk.' 19c; cases, 260
naptha. drums. 18c; cases, 26 c
LINSEED OIL 'Raw, barrels, 92c; raw.
cases! llV hlea- brrels- Mc t:
74c: 10-cuse lots. 1c less.
Metal Market.
NEW YORK. May 20. The copper mar
ket showed considerable firmness. Some of
the larger agencies are no longer offerinr
electrolytic for delivery this side of Octo
ber, and quotations range from about 29
to 30c for August and later deliveries.
lion unchanged, .
FLY ATTACK SEVERE
Situation in Kansas Was
Never Worse. "
WHEAT DECLINE CHECKED
Crop Developments Hold Cliieago
Market Fairly Steady in Face of
Extreme Bear Pressure; Ne
braska Receipts Larger.
CHICAGO, May 20. Wheat prices aver
aged higher toaay. Influenced by asser
tions that Kansas never before had such a
destructive visitation of Hessian fly as at
present. The market, however, closed un
settled at $1.12 July, and $1.12 Vi & 1.124 for
September, with the range as a whole Uc
off to 54c up as compared wilh yesterday's
finish. Corn gained He to Vic, oats were
unchanged to He down. and provisions
eloped at IVz to 15c decline.
Bears In wheat displayed considerable
interest In the generous proportions attained
by Nebraska receipts. Omaha, for example,
had arrivals of 190 cars today as against
only 32 cars a year ago. It was said the
prospect was for 250 to 300 cars there on
Monday. A sharp setback took place in the
last hour as a result of heavy selling by a
leading house.
Unsettled weather kept the corn market
firm, despite the late downturn in wheat.
Reports were current that replanting of
corn would be necessary in parts of Illinois
and Iowa.
Oats sympathized with corn. Trade was
almost exclusively local.
Provisions were subject to decided selling
pressure at times. The motive seemed to
be the fact that shipments of lard and
canned meats showed a notable falling off as
compared with last week.
Leading futures ranged as zoiiows:
, WHEAT.
rnen' Hirh. Low. Close.
July $1.11 $l-12vi $l.m; $1.12
Sept. 1.13 V L13V 1.11H 1.1214
CORN.
July 73 .74 '4 .73 .73
Sept. HVt
OATS.
July 42 .42 '4 .41 .Vi
Sept. 3914 .39Vi -39Vi .39
MESS PORK.
July 23.52 23.55 23.45 23.55
Sept, 23. ao 23. -u.iv
LARD.
July 32.97 12.97 12.85 12.92
Sept- 13.10 13.10 12.97 13.05
SHORT RIBS.
July 12.77 12.85 J2.77 12.82
Sept 12.95 12.95 12.87 12.95
Cash prices were:
Wheat. No. 2 red, nominal: No. 3 red,
$1.08 Vi to 1.08 'i ; No. 2 hard. $L12V4W
1.12; No. B hard, $1.08, Q 1.09.
Corn No. 2 yellow, 75fe754c; No. 4,
yellow, 72(3 730. .
Oats NoT 3 white, 4243ic; standard,
45 I&. 40C.
Rye No. 2. 99c.
Barley 62 60c.
Timothy $5.50 g 8.
Clover $7.5013.
Primary receipts Wheat. 999,000 vs.
331.000 bushels; corn. 446.0O0 vs. 414.000
bushels; oats, 1,200.000 "vs. 311.000 bushels.
Shipments Wheat. 599.000 vs. 70. ,000
bushels; corn. 650,000 vs. 634.000 bushels;
oats 1,136,000 vs. 657.000 bushele.
Clearances Wheat, 805.000 bushels; corn.
240.000 bushels; oats, 608,000 bushels; flour,
21,000 barrels.
Foreign Grain Markets.
t tvtt x ti -tor,, at m v 20. Cash wheat, un
changed. Corn, Id lower.
Minneapolis Grain Market.
MINNEAPOLIS, May 20. Wheat May,
$116; July, $1.36. Cash, No. 1 hard,
$123; No. 1 Northern. $1.17 1.20 ;
No. 2 Northern, $1.13 tf 1.17.
Eastern Wheat Future.
DULUTH, May 20. Wheat closed May.
$1.16; July, 1.16; September, S 1.1-Vs.
WINNIPEG, May 20. Wheat closed
May, $1.15; July, $1.14.
KANSAS CITY, May 20. Wheat closed
May. $1.03; July, $1.04; September,
$1.05.
6T. LOUIS, May 20. Wheat closed May,
$1.07; July, $1.08; September. $1.09.
Eastern Cash Wheat Markets.
MINNEAPOLIS, May 20. No. 1 hard
wheat, $1.231.23 ; No. 1 northern,
$1.17 iff 1.20 ; No. 2 northern, $1.13 o
$1.17; No. 3 northern. $1.07 1.13 ; No.
2 hard Montana, $1.11.
DULUTH, May 20. No. 1 hard wheat.
$1.18; No. 1 northern. $1.17 1.18 ;
No. 2 northern, $1.1 2 1.14 ; No. 3
northern. $1.08 113.
WINNIPEG, May 20. No. 1 northern
wheat. $1.35; No. 2 northern, $1.13; No. 3
northern, $1.09.
KANSAS CITY, May 20. Cash wheat,
steady and unchanged. '
CHICAGO, May 20. Cash wheat, corn and
oats, unchanged.
Grain at San Francisco.
SAN FRANCISCO, May 20. Spot quota
tions Waila Walla,- 1.701 1.72 ; red Rus
sian, $1.70 1.72 ; Turkey red. 1. 80 1.85;
bjuestem, $l.!Kft' 1.92 : feed barley. $1.32;
brewing barley, $1.;,5 1.40; white oats.
$1.651.57: bran. $26.oo27.00; middlings,
shorts, $29i30.
Call board Barley, May, $1.28 bid,
$1.32 asked; December. $1.34 bid, $1.36
asked.
ruget Mound Grain Market.
SEATTLE. May 20. Wheat, bluestem,
l.OI; Turky rel, $1.02; forty-fold, 95c;
club, 93c: fife, 93c; red Russian, 93c. Bar
ley. $27.fn per ton. Yesterday's car receipts:
Wheat, 24: oats, 6; barley, 10; corn, 2; hay,
28; flour 8.
TACOOSIA. May. 20 Wheat. bluestem,
1.03; forty-foil. 95c; club and red fife. 93c.
Car receipts: Wheat, t); barley, 2; corn, 1;
oats. 5; hay, 5.
AUSTRALIA DRAWN UPON
MILLION TONS OP WHEAT WILL GO
TO ALLIES.
First, Purchase Are Made by Inter
national Commission Italy Ia
Alo Large Buyer.
Buying of Australian wheat by the British
government has begun, according to the
London correspondent of the Northwestern
Miller, who writes:
Government operations In Australian
wheat are noted, as a result of the presence
of the Commonwealth Prime Minster In
this cosintry. Some '15O.0OO tons have been
sold to the International Commieslon, and It
is expected that by June the actual exports
will amount to 1,000.000 tons.
Melbourne reports the sale to the allies
or l&o.ooo tons, Italy taking about half.
These reports are somewhat irregular, hut
it is evident that the government is taking
action to secure wneac rrom tnat quarter.
In the United Kingdom the weather has
changed for the better, and although In
some parts of the country it is still some
what uniettled, with April showers and low
nignt temperature, we have had fine, sunny
days, with bracing winds, which have done
much to dry the soil. On high, light land
the much-delayed Spring work Is now pro
ceeding and good progress has been made.
especially in the Important areas of the
south and northwost of England; conse
quently, farmers are In a much more hope
ful mood.
The shortage of labor is now the most
adverse factor in the situation, but it Is
hoped that the aid of the military will be
available to a considerable extent during tae
current month. There are apprehensions
that the usnal influx of Irish laborers will
this year be smaller than ever, whereas
years ag the numbers coming over to Eng
land in the season reached 40,000.
In some parts of France the weather Is
still rather unsettled, with copious rains,
but there are prospects of favorable con
ditions for agricultural operations. Soldiers
and prisoners of war are employed, and the
outlook for labor Is described as satisfac
tory. In some districts the appearance of
the Autumn-sown vheat leaves something
to be desired, but on the whole the aspect
oi tnc crop is nm uniavoracie. In Holland
weather conditions have wiatevially im
proved, and It Is mostly fine, and altogether
more seasor.sfcie lor farm work. '
Italy reports that flue,' mild, seasonable
weather Is general, and crop prospects are
favorable, except In the south, where rain
is urgently needed.
From Germany and Austria-JIungary not
much reliable information is to be had re
garding the agricultural situation, but it
is understood that the acreage is not equal
to that of last year. Germany reports a
favorable outlook for farm aork, as the
Autumn and Winter rains' provided ample
moisture, and the land Is in good condition.
FIr.-ld work Is aald to be making good
progress, but in some Instances replowlng
will be necessary.
In Russia and Roumania. the weather is
milder. The Russian acreage is below aver
age, but bi Koumania It is rather larger than
in previous years. In both countries pros
pects are about normal. '
In North Africa, owing to the wind and
rain which have prevailed this Spring, there
is increasing anxiety as to the Tunis crop.
Algiers reports further rains, which were
very bent firlal for the growing crop, and
the condition Is described as entirely satis
factory. In Australia, rains are pretty general and
New South Wales reports one-half to one
and one-half. Victoria one-half to two, and
Queensland one to. five Inches. The rains
will be beneficial for putting the soil into
condition for seeding. It is expected that
the area will not equal that of last year,
partly owing to the labor difficulty, but It
is hoped that the decrease will not be ser
ious. According to the latest official in
formation, the Australian crop amounted to
22.500,000 qrs.. 3.826,000 last year, and 13,
OIS.OCO in 3913-14.
SHEEP SELL READILY
RECEIPTS AT LOCAL YARDS ARE
INCREASING.
Bayers Freely Pay Good
for All Offerings Cattle
Swine Ran la Light.
Prices
ad
There were no material changes In live
stock values at the yards at the close of the
week, though mutton material did not bring
as high a price as earlier. Saturday's
business was light.
Receipts were 32 cattle, 9 calves. 262 nogs
and 463 sheep. Shippers were C. E. Lucke,
Clackamas, 1 hogs, sheep; Armdahl Bros.,
Marlon, 1 cattle. calves. hogs. sheep;
Schwlngler & Lent, Linn, 2 sheep; Peter
son Bros., Washington, 1 cattle, hogs.
The day's sales were as follows:
Weight. Price.i Weight. Price.
1 cow... 870 $6.50,93 lambs.. 69 10.50
1 cow 1090 5.75-52 lambs.. 56 9.00
1 cow... 790 3.75 10 lambs. 52 8.00
1 cow..." 1190 7.25;11 ewes... 101 7.75
1 heifer. 640 6.50 8 ewes... 95 4.50
77 hogs.. 191 8 90,59 ewes 101 6.25
1 hog 180 S.00 6 ewes... 123 5.75
6 hogs.. 141 7.50! 3 yrlings. 89 9.75
3 hogs.. 346 8.40123 yrlings. 76 8.25
Prices ranges, as follows:
Steers, choice gram and pulp. . . .fa.BOtfJja.is
Steers, choice hay 8.50(9 8.83
Steers, choice grass 8.0OW 8.50
Steers, good .................. 8.15& 8.50
Steers, medium 7.60 8.00
Cows, choice 7. Sows 7.80
Cows, good 8.75W 7.23
tow, medium 6.25? 7.25
Heifers 5. sour 8.00
iulla s.007 e.oo
Stags 4.60p 7.00
nose
Prime light 8.90fr 0.00
Good to prime .". 8.50 8 85
Hough heavy 8 00 8.60
Pigs and skips 7.00 4 8.00
Sheep
Yearlings 8.25W 9.00
Wethers soon 9.t5
Ewes 7.002s 8.2d
Lambs 9.00 V 9.5o
Reviewlrg conditions at the yards, the
LlventocK Reporter says:
"There has been the usual short offer
ing, of cattle since Monday. Receipts today
were bit 65 head, .part of them direct to
a packer. Balance of the offerings were
soia reaauy at the ordinary steady price.
The bulk of steers sold a. week aeo at
$8.50 8.90. a month ago at $8.25ej.l. a year
ago at $7.95'u8.15, two years ago at $7.10
"97.76. three years ago at $8.25r8.75, and
lour, years ago at t).8U3 t.
The hog market lias been rather an In
active affair since Monday. Receipts have
been light and buyers did not take hold
with any enthusiasm. The entire market
la largely an $3.95 affair for bulk of offer
ings although 9e has been paid in spots.
The bulk of hogs sold yesterday at $S.95i
9.05, a week ago at $9.05(99.15. a month
ago at $9(09.05. a year ago at $88.13, two
years ago at $8.2008.75. three vears airo
at $.304i 8.40. and four years ago at $8.30
"it looKea llKe Old times In trie sheen
house all week. More straight market stuff
has been 4n this week than for several
moons. Buyers took hold In pretty fair
snaps ana maae a quicic disposition of all
offerings.
"The bulk and top of all lambs offered
was at $10. Quality was ordinarily good.
For:the most Dart the lambs were inrlnrers
The bulk of lambs sold yesterday at $10, a
week ago at $9.50 10. a month ago at $10
(fill, a year ago at $8.25i8.50, two years
" tv. ,.- tinea years ago more.
and four years ago at $7(fr7.50.
"Yearlings sold very well, bulk going at
$8.25fi8.60 with a too of !1.75 for An
head of extra quality. Quite a few of rather
orainary yearlings sold at S, while a few
went as low as $. For the greater part the
prices were steady. Ewes had the call at
$6.50 for the bulk with a $7.90 top and $0
hotlnni nrt t
Omaha Livestock Market.
OMAHA. May 20. Hoars RecelDts. 5100
steady. Heavy. $9.7009.85; light. $9.60W
M il. pigs, s.oou.lM); bulk of sales, $9.65
9.75. ,
Cattle Receipts, 100; steady. Native
steers, js.oon.75: cows and heifers. .75
S 25: Western steers. $7.50 ft 9.00: Te it..ri
$7. OOiftS. 00: stockers and feeders, $u.75if
Sheep Receipts. 100: steady. Yeriinr
?8.65 10.75: wethers, $8,25 4)0.75; lambs.
$10.85 a 12.35.
Chicago Livestock Market.
CHICAGO, May -JO. Hogs RecelDts. 7000
weak, unchanged to 80 under yesterday's
Mveruge. CUIK. enwflU.IV; light, ?9.HO''S
T0.30; mixed, $9.7510.15; heavy. $9.65t
roucn. Tw.iHStrH.w; pigs. 1 7. 50 si !.!.
t attle Receipts. 300; stesdy. Native
peer cattle. s. lo 10.25: Weatern steers.
l.;sa.:; srocKers and feeders, $6.00j 8.80;
cows and heifers. $4.00tf 9.50; calves, $8.0O'
11.25.
bheep Receipts. 20O0; stesdv. Wethers,
7.85tf 10.1O: lambs, $0,104(12.85; Springs,
PRICES AKB EASIER ON REALIZING
New High Records Are Mude During Session
of Coffee Exchange. -
NEW YORK. May 20. A renewal of the
recent buying movement caused an opening
auvancn 01 irom x to 3 points In the market
for coffee futures this morning and active
months sold about 2 to 6 points net higher
during the early tnadlng, making new high
ground for the season. The demand, how
ever, seemed to be pretty much limited to
some or the recent prominent buyers, while
tha advance attracted more or leas realizing,
and prices eased off from 8.89 to 8.84 for
September and from 9.16 to 9.12 for March
during the latter trading. Less favorable
political advices may have increased the
deposition to take profits, but business wss
not active. Prices closed net unchanged to
v points lower. eajes, 30.000. Alay, a.65c;
June, 8.68c: July. 8. ic: August, 8.78c; Sep
tember. 8.84c; October. 8.89c: November,
8.93c; December, 6.98c; January. 9.03c; Feb
ruary, 9.07c; March. 8,11c; April. 9.15c.
Spot coffeo, steady; Kio 7s, 9c; Santos
s. iuc.
No fresh offers were reported in the cost
and freight market. Today's official cables
reported no change in milreis prices, with
an aavance or d-a in tne rate or Kio ex
change on London.
6AN FRANCISCO PRODUCE MARKETS
Prices Current on Butter, Eggs, Fruits,
Vegetables. Etc.. at Bay City.
SAN FRANCISCO. May 20. Butter Fresh
extras, zoc; prime firsts, Z4c; fresh firsts,
23 He.
Eggs Fresh extras, 23c; fresh firsts,
21,e; pullets. 20c.
Cheesei New, 12c; Young Americas,
14 c.
Vegetables Peas. $2.601i2.T5; rhubarb, 40
J65c: cucumbers, 75cffl$l; asparagus, $1;
Summer squash, 753S5c; string and wsx
beans, 435c; tomatoes. tl2.50: belt pep
pers, 10 '-n jv , j,i m hl oesns. lu-tic
Onior.s California.. $1.7501.90.
Fru:t Figs, $2.503; peaches, 1.501.75;
prxcois, ei.'-iveo. lemons, ll'.TaQS.
oranges, 11.65 S 3.15; grapefruit. 81..i0ia2..M:
bananas. Hawaiian. 75cfrS1.50: pineapples.
$1.6032.50; cantaloupes, $1.60j-1.75: straw-
Derries, -.oufo o.ou cnest.
Potatoes Delta. $1.2531.65; new, 232e;
Oregon Burbsnks, $1.85132.
Receipts Flour, 2860 quarters; bsrley, 11,
020 centals; beans, 492 sacks; hay, 897
tons; potatoes, z.-oo sacks; hides, 650.
Naval Stores.
SAVANNAH. Oa.. May 20. Turpentine.
flrm.-88 to 88c; sales. 571; receipts, 678;
shipments. S78; stocks. 8245.
Rosin, firm: sales. 779: receipts. 1784;
shipments, 1476: stock. 65.666. Quote: A. B.
$4.10 to $4.20: C. D, $4.20 to $4.25; E. $4.30
to $4.35; F. $4 .88 to $4.42; G, $4.45 to
$4.47.; H, $4.60 to $4.52, : I. $4.50 to
$4.55; K. $4.55 to $4.57: M. $4.65; N, $4.90
to $4.95; W. G, 15.50; JV W. 5.Q
LIST STILL GAINS
Standard Railway Stocks in
Stronger Demand.
WIDE BULGE IN CANADIAN
Coppers Prominent in Wall Strcict
Activity Industrials Are Quiet,
but Tend Cpward at Close.
Ilonds Aro Irregular.
NEW YORK. May 20. Conditions nearer
normal prevailed during today's short mar
ket session, the first hour being attended
by further realizing for profits. Railroad
shares, especially Reading, showed a pro
nounced tendency to yield, but the entire
list Improved later in response to a fresh
Inquiry for high-grade Issues, particularly
Canadian Paclnc which advanced 6 points
to 192. with 2 points for "Soo" and a
point or more for Union Paclnc and some
of the other standard shares.
Coppers came into greater prominence
rwlth large dealings In Anaconda, Kennecott
and Inspiration. Westlnghouse wee fairly
strong In connection with the publication
of the annual report, showing earnings of
almost 18 per cent on the common stock.
Leading Industrials, as represented by
United States Steel, showed little change.
and equipments were mostly Inactive, with
a hardening tendency toward the close.
Marines were dull and inclined to ease off.
probably in consequence of the passage of
the shipping bill by the House of Repre
sentatives. Unclassified stocks were Inactive, but
motors regained a part of their recent
losses. Continental Can and United States
Industrial Alcohol denoted further activity
by cliques and pools. Total sales of stocks
amounted to 310.000 shares.
Instead of an estimated cash gain, tne
bank statement showed an actual cash loss
of almost $10,000,000. a loan Increase of
virtually as much and a further contraction
In reserves of almost $12,000,000. reducing
the total excess to about $77,000,000, the
lowest figure since the new form of bank
statements became operative.
Foreign exchange was sluggish, but steady
In the main. Reports that arrangements
had been made to Increase the gold imports
from Canada were not conflrmable.
Bonds were irregular, with total sales,
par value, of -$2,125,000. United States
coupon 2s advanced per cent and Panama
coupon 3s 1 per cent on call during the
week.
CLOSING STOCK QUOTATIONS.
( Closing
Bales. High. Low. bid.
Am Beet Sugar. 7o 74 78 7.i
American Can.. 1,200 57 56 56
Am Car & Fdy 60
American Loco. 8.2O0 71 70 70
Am Pm & Refg. 1.30 10O 99 99
Am Pug Refg... ROO 133 313 113
Am Tel & Tel.. 2A0 129 12 128
Am Z L 4 8... 8,000 8S 86 87
Anaconda Cop.. 17.200 88 86
Atchison 1.4AO 105 104 105
Baldwin Loco.. 4.900 87 86 87
Bait & Ohio.... 3,9"0 92 91 92
Br Rnp Transit. 300 87 87 87
B - S Copper.. 2.300 98 02 93
Calif Petrol 22
Canadian Paclf. 8.400 1 82 176 11
Central Leath 54
Ches ft Ohio... 2.40O 64 63 KI
C M & St P 2,000 97 97 97
Chi & N W 200 129 129 129
C R I P Ry.. 2.fiOO 19 39 19
Chlno Copper... 5O0 54 PA 54
Colo Fu at Iron. 8.40O 43 43 43
Corn Prod Refg. 200 19 19 39
Crucible Steel.. 5.600 84 81 84
Dist Securities.. 1,700 Bl 61 M 4
Erie 200 46 40 40
Creneral Elect... ROO 172 172U 172
Or North of d . . . I.6OO 122 122 122
Or Nor Ore ctfs. 600 41 41 41
Illinois Central 108
Int Cons Corp.. l..VW 19 18 18
Irfcplratlon Cop. 5.000 41 45 46
Int Harv. N.J... . 113
In M M pfd ctf. 7,SnO 92 93 9174
K O Southern... l,r0 27 26 20
Kennecott Cop.. 31.60O 56 55 55
IOuis A Nash 129
Mexican Petrol, s.700 jnoit 307 liix'j
Miami Cop 300 86
6 S6
M K & T pfd 11
Missouri Pnclf.. 200 6 6 6
Montana Power 78
Vstfonal Lend.. ..... 67
Nevada Copper 17
I Y Central fsl'OO 107 106 loi
N Y N H A H.. 1.40O 82', 2H 2
Nor ft Weotern. 2.SOO 326 325 125
Nortlern Pacif. 1.600 114 114 114
Pac Tel ft Tel 94
Pennsylvania .. l.sno rV7 57 57
Rav Cons Cop.. oon 23 2S 23
Kenning 40.300 Ji4 101 103
Rep Ir & Steel.. 8v 49 48 48
Shat Aris Cop
32
Southern Paclf
Southern Rv..
stcdebRker Co.
. . . . . 1H
2.1 21
135 1S7
4,R0 54
2.3O0 137
Texas Co..
3IM
Union Vaciflc. .. 9.900 339 338 119
00 ptd 83
T" S In Alcohol. 6.400 J5R 155 357
U S Steel I6.200 ri 85 85-1
to pfd ....l. 400 116 11 116
Utah Copper.... 2.KO0 81 80 81
pnain pTn n. ow .1 T
Western Union 04
We.tlng Elect.. K.0OO 62 61 62
Total sales for the day, S 10,000 shares.
Mining Stocks at Boston.
BOSTON, May ?0. Closing ouotation"-
Arlj Cora 90 North Butts ... 25
Calumet ft Aris 74'Old Pom 70
Csl ft Hecla....573 lOsceola 94'
Centennial 36 'Oulncy 96
Cop Benee Con. 67'Shannon 8
Fast Butte Cop 12'Superlor 17
Franklin Pup Bos Mln. 4
Rranhy Con ... "9 'Tamarack 58
nreene Can 4T'U S Em R ft M. 76
Isle Hov fCop). 28! do pfd 53
Kerr Lake 4'Ttah con 13
T.ake Cop 1 'Wlnnne 4
Mn'nawk 96 tt Vot verl ne 47
Niplssing Mines. 7VIButt ft Sup. 93
BONDS.
r S ref 2s reg.. 99 Northern Pac 3a 66
IT 8 2s coupon. 99'Pac T ft T Ss..30O
U S 3s reg loiu'penn con 4s..lo5
n 8 Ss coupon. 1 03 'South Par ref 4s 90
T- S 4s reg 110l do cv 5s J05
U S 4 coupon . "1 1 1 Unlon Pao 4s... P
Am Smelter 6s.30.' do ev 4s 03
Atchison ren 4s 11 U S Steel 5s... 105
NYC deb 6s.. 114 Anglo-French (Is. 95
Northern Pac 4s 92
Bid.
Money Exchange. Etc.
NEW YORK, May 20. Mercantile paper
3 1-4.
Sterling SO dav bills 4.T2 8-4: demand
4.76: cables 4.76 6-8. Bar silver 75 1-4.
Mexican dollars 58 1-4.
Government bonds firm. Railroad bonds
Irregular.
SAN FRANCISCO. May 20. Sterellng 60
days $4 72 3-4; demand $4.76 1-8; cables
$4.77. Mexican dollars 57.
LONDON. May 20. Bar silver 36d per
ounce.
Money 494 1-2 per cent.
Discount rates Short bills snd three
months 4 8-8 P 4 8-4 per cent.
Stocks Strong at London.
LONDON, May 20. American securities
were strong today. Oil shares were active
and mining stocks received attention,.
MANY NEW PROBLEMS
CONDITIONS WILL NOT BE SAME AS
BKKORK WAR. -
Readjustment ' Domestic and Porelsni
Trade on Peace Baala Will
Itcqolre Much -Time.
In reviewing the business outlook and
probable trade conditions after peace is
concluded, Henry Clews, the New York
banker, says:
How long is the feverish .business ac
tivity of the last few months to 'continue?
During the first four months of the current
yesr bank clearings reached the tremendous
total of $7S. 0O0.00O.C0O. or nearly 45 per
cent more than the ssme time last year.
Making allowance for the rise in values
and an tncresse of nearly 60 per cent In
New York's clearings, which were more
than half the above total and swollen by
unusual financial operations It is evident
there has been a v-try considerable In
crease In tha volume o- American business.
Perhaps railroad earnings are a better In
dication in this respect than bank clear
lnga The .railroads have earned about 20
per cent more so far this year than a year
aeo. end the gain is only partly due to
better rates, traffic having made moat
encouraging gains. Exports tor the last
nine months were sbout 50 per cent ahead
In value of la-it year and Imports showed
an increase of about 25 per cent ever a
year (.go. New charters of concerns with
not less than a million capital amounted
to over $1,GOM0).GUO. or five times what
they were a year ago.'
Such evidence of extraordinary activity
could be multiplied indefinitely, and en
couraging as they may be. they unavoidably
raise the question. When will a halt be due?
Optimism continues on the flood tide, and
there are no signs of weakness In the
Industrial fabric, albeit there aro certain
changes In tendencies and conditions which
should not escape notice. First, commodity
prices have risen to a point that not in
frequently arrests new business. The index
number of the London Economist stood at
4.1UO on April 3, compared with 3.337 a
year ago; a rise of about 25 per cent in
values, chiefly in minerals, timber and
beef. The rise in American markets was
probably not quite so extreme as this, but
it has been very considerable snd Is now
exerting Its effect upon credit.
The great expansion In loaning capacity
of the banks brought about by large gold
Imports, the new banking law and other cir
cumstances, efpeclnlly the war. produced the
much expected inflation. Hankers are now
scrutinizing loans more carefully, since
credits have been greatly extended and much
larger sums ire required to finance a given
amount of merchandise than formerly. With
commodities at such dizzy heights snd ex
poed to a reaction, bankers are Justified In
exercising greater discrimination.
Further, the cost of doing business has
been tremendously enhanced by file rise In
raw materials and the elevation of wages.
Such developments mean that the next 12
months will not see a repetition of the bulge
in profits of the last 32 months. Again.
forelRn munition orders, which did much
to swell both profits snd exports, may be
repeated, but on a decidedly smaller scale,
with the .prospect of almost vanishing when
peace comes. In many cases new enter
prices have been deferred until cost of
building- declines. Not - fp enn.i-n
notably In the steel Industry, are sold ahead
so completely as to be unable to take fur
ther orders, or at least until the outlook
for raw materials Is more settled.
It Is practically certain that a cessation
of hostilities Is not very far distant, when
botn domestic and foreign trade will be
demobilized or readjusted upon a peace
oasis. 11 would DO decidedly erroneous to
expect to return to the ways and conditions
existing before the war. On the contrary.
many problems will be wholly new and quite
as perplexing, ir not more so. as tnose now
In the meltina rot. New forces, new con
ditions, new ambitions, new nollciea new
methods, new markets snd new opportunities
in enaiess procession will bring in a flood
of fresh problems, the solution of which
will require much prudence and time for
adjustment.
LARGE INCREASE IN NET DEPOSITS
Favorable Statement for Week Issued by
Federal Keserve Banks
WASHINGTON, May SO. Net deposits of
Federal Reserve Banks increased $35,200,-
000 during the last week, cash on hand In
creased $24,200,000: discounted bills de
creased to $19,800,000. the lowest figure In
14 months, and total earning assets in
creased $7.65S.OO0. according to the state
ment of the banks' condition May lt. Issued
louay. -i ne statement snows:
Resources
Gold coin and certificates in
vault $246,812,000
Gold settlement fund 77,971,000
Gold redemption fund with Unit-'
ed States treasurer 1.825.000
Total gold reserve $326.6w.i'io
Legal tender notes, silver, etc 17.697.000
Totsl reserve $344.J05,OOU
Bills discounted and bought:
Maturities within 10 days .... 8.849.000
From 11 to 30 days 17. 286. 000
From 31 to 60 days 25.S4rt.Oiio
From 61 to t0 days 17.10S.ooo
Over 90 days 3.40C.OU0
Total $71,995,000
I n vestments
United States bonds 51.S17.0O0
One year United States treasury
notes 3.840.000
Municipal warrants 44. 482, 000
Total earning assets .. 172.154,000
Federal reserve notes net .... 26,472,000
Due from federal reserve banks,
net 19.448.000
All other resources 5,992,000
Total resources $568,371,000
Llaullities
Capital paid in $ B4.870.OOO
Government deposits ... 40.475.OtiO
Reserve deposits net 463.022,000
Federal reserve notes net 8,018,000
Federal reserve bank notes In
circulation 1.736.000
All other liabilities 250.000
Total liabilities $568,371,000
Gold reserve agslnst net deposit and note
liabilities 66 4- per cent.
Cash reserve against net deposit and note
liabilities TO per cent.
Cash reserve against net deposit liabili
ties after setting aside 40 per cent cold re
serve against aggregate net liabilities on
Federal reserve notes in circulation. 70.5 per
cent.
CALIFORNIA FRUIT MARKET IS FIRM
Potatoes Selling at Better Prices in San
Francisco Track Is Active.
The San Francisco market Is firm for all
early and citrus fruits. Writing of market
conditions, T. Pearson, of San Francisco,
says:
"The market put on Its Summer clothes
this week with the arrival of the first
peaches from Redbanks. Express shipments
of cantaloupes are also coming In more lib
eral supply and showing excellent quality,
for a wonder. A few flats of extra large
fclze cantaloupes brought $3. and ponies are
eelling today around $4 for best. Apricots
aro showing much improvement in quality
and pack, but so far no Royals have ar
rived. The cherry market was more active
and higher for best grades. Berries con
tinue to clean up in good shape under a
heavy receipt. Apple market Is firm, and
there is a much better inquiry for high
grade stock. Some fancy Wlnesaps from
Yakima are bringing $1.75 to $2, and high
grade Hood River Y. N. Pippins are moving
frsely at the latter price.
"Orangs market is active, snd large sizes
are slightly firmer. Pineapple and banana
receipts from the islands were lighter this
week, due chiefly to the timidity of shippers,
who did pot care to take the risk on ac
count of the rainy weather In Honolulu
previous to shlpplnr date.
"The potato market continues to advance.
and best grades of Garnet Chilis are now
bringing $2.75 freely lu the country, and
some of the dealers on the street are ask
ing as high as $3. Oregons ars selling on
track at $2.10 to $2.15, and best grades of
Netted Gems from Yakima are bringing $2
Old Oregon onions are finished, and the
dealers who brought an Australians are
making frantic efforts to unload at prices
around $3 per crats for first-class stock.
New red onions from 6tockton are showing
fine quality, and the market slumped on
these to $1.50 per bag. Price on best
Crystal Wax remains firm at $1.23 per crate.
"There wars liberal arrivals of green com,
tomatoes, bell peppers and Chili peppers,
eggplant, cucumbers and beans from South
ern California, all of which are cleaning up
at satisfactory prices. Mexican tomatoes
ars in active demand, around $1.73 to $2.
with some extremely fancy stock selling a
little higher. There Is a marked scarcity
jt cabbsge, cauliflower and celery. Head
lettuce Is In good supply, and one to tw6
cars dally are being shipped to Northern
and Eastern markets."
Cannery Has Big Year Ahead.
CRESHAM, Or- May 20. (Special.) Fred
J. Kaster. ho wus process man for the
Gresham Fruitgrowers' Association cannery
here last year, hus been engaged for the
coming canning oeason. The cannery has
several large contracts to fill. The asso
ciation has a contract to pack 700O cases of
raspberries for W. W. Cotton and also an
other order to pack ,V tons of Cuthbert
raspberries, which will make 5000 cases.
They are now in the market to buy Roval
Ann cherries, Bartlett pears. Black Re
publican cherries, Lawton blackberries.
Evergreen blackberries. Black Cap raspber
ries. Green Gage plums and Italian prunes.
Pear Crop Suffers Most,
ORKSHAM. Or.. May SO. (Speclal.3
County Agriculturist S. B. Hall, who has
teen making an examination of the orchards
of the vicinity during the past week, re
ports that he finds that the apple crop
has suffered the lesst and the pear crop
the most from the late frosts and rains.
The crop of apples will be about as large as
usual, with a production of about 60 per
cent, while the pear crop will have a pro
duction of only about lO per cent. Cher
ries will yield about 40 per cent and prunes
abont 80 per cert, with pesches almost un
harmed. Mr. Hall says that from his ob
servation he finds the large commercial
orchards have been hurt the most.
Duluth Linseed Market.
DULirTH. May 20. Linseed, cash. $1 83;
May, $1.88; -July. $1.90.
Rlgln Bntter Market.
ETX5IN, III.. May 20. Butter, 10O tubs
at 29c t
Chicago Dairy Frodnre.
CHICAGO, May 20. Butter, un-hsnged.
. Eggs Receipts. 22.516 cases; unchanged.
Cotton Market.
NEW YORK. May 20. Spot cotton quiet.
aUddllng upland IS to 20c. lig sales.
READING IS LEADER
Coaler's Flurry Feature of Wall
Street Week.
CAUSE OF RISE UNCERTAIN
Conditions in Indus-trial World Con
tinue Satls-factory ; Copper Metal
Advances Price Conces
sions in Iron and Steel.
NEW YORK. May 20. Two distinct per
iods marked the week In the stock market,
the first half being characterized by In
decision and irregularity on the greater cur
rency given to peace rumors, and the other
half witnessing a remarkable upward move
ment in Reading, which helped to advance
other rails, while war stocks and allied
specialties went lower.
The Reading episode, which carried the
common and second preferred issues to new
high records, lacked official explanation, but
appeared to be based on the belief that an
Important readjustment of the company's
affairs is not tar distant.
Selling of specialties was more or less
continuous, motors suffering the greater
losses. United States teel was an ex
ception to' the general run of Industrials,
more than holding Its own In spite of re
current liquidation, which was again at
tributed to foreign Interests.
Conditions in the industrial world,, apart
from labor problems, continued eminently
satisfactory, although price concessions In
steel and Iron bespoke a lessening of gen
eral demand.
Copper shares were roused from their
apathy of recent weeks with material ad
vances of the better-known issues. The price
of the refined metal manifested a firmer
tendency In connection with negotiations for
further large exports to England and France.
The better tons of the bond market. In
cluding extensive dealings in Anrlo-French
Os and the Dominion of Canada Issues, the
latter at a net high quotation, heightened
an impression that additional financing Is
under wsy for the allies.
Renewal of gold Imports from Canada was
helpful to sterling exchange, while the sus
tained strength of marks suggested ad
ditional liquidation of cur securities by
German holders.
SURPLUS KESERVE AGAIN CUT DOWN
New York C'learins-House Banks' Loss
Nearly Twelve Millions.
NEW YORK. May 20. The statement of
the actual condition of clearing-house banks
and trust companies for the week shows
that they hold $76,950,310 reserve In excess
of legal requirements. This is s decrease
f $11,880.1470 from last week. The state
ment follows: Decrease.
Loans, etc $3,380,005,000 $".l.66.000
Reserve In own
vaults 433.181. OOO 10.08S.OO0
Reserve In Federal
Reserve Bank .. 160.623.oofl 4.430.O0O
Reserve In other
depositaries fiO.S4S.oon M.SOl.OOO
Net demand de
posits 3.357.S37.0O0 14.544.IHX1
Net time deposits. 11.19.",.0"0 18.6H.0oo
Circulation 31.646.oiKJ b.00
Increase.
Of which $362,529,000 is
specie.
Aggregate reserve. 54.5.ooo. Kxcess
reserve. $70,956,310: decrease, $11,830,970.
hummen of state banks and trust com
panies In Greater New York not included lu
clearing-house statement:
Increase.
Loans, etc $725,750,900 $10,189,700
specie 0O.842.Soo 703.400
Legal tenders 9.153.900 92.700
Total deposits 920.045. OOO 29.645.800
Decrease.
Banks' cash reserves In vault. $11,033,100.
True-t companies' cash reserve In vault. $58.
063,600. New York Sugar Market.
NEW YORK, May 20. Raw sugar quiet.
Molasses 5.63: centrifugal 6.00; refined
steady; fine granulated 7.65.
Hops, Etc., at New York.
NEW YORK. May 20. Hops, easy; state
common to choice 1915, 12 ii 20c Hides,
firm. Wool, stesdy.
Dried Fruit, at New York.
NEW YORK. May 20. Evaporated apples.
dull. Prunes, esjsler Peaches, firm
OVERBECK &
COOKE CO.
Brkri. Storhm, Bond. Cot.,
iiralm. Etc.
tl-t!7 BOARD OF TRADE RLDO.
MfcUUEba CHICAGO HOAfU U
TRsVUA.
Crrepond4ts f foveas ft Brr.
Cb,n0 mud Kw Yrk.
w Tat-V Stock Eiclit.
Cblrtco tork EschaUt-yc
Boon Stork Ex Chan .
C h ir aro Hoard of Trad.
Nw fork Cot too fsrtiaa;.
New Orleans Cotton Ki'h.iag.
New York Cofle iLirb.Dg.
New York Prod-- Exc-tiaa.
tUvrrpool Cot tor-, A'av
fefVtimfc LIMELIGHT of
s .... . " sT.K-1 Dill
I 1 1 1 11 m i Til -Ten-ilTllsisssiessi .
ALL ABOUT ROCI.ESTER.NEVADA.
Km Other 5n.vxB-6oLO Camps Of TwlWest
WESTERN MIKER.RENO.KEVAQA
TRAVELERS CriDE.
ALASKA
Ketchikan, WranBell.
I'eterabeereE. Juneau.
o u k I a s . Haines.
Skasrvray. Nome and
St. Michael.
CAI.lrOH.Ml
Via Seattle or Saa
Kranelseo to I As
Kclea and San Dleaee.
Larg-e.
commodious Dassenerer
steamers, low rates including berth
mm meat, ror iuii particulars ap
ply or telephone TICKET OKFICU.
219 "Washing; ton Street Pacific.
Main 229: Home. A. 2293.
RALIA
Honolulu, Suva, Now Zealand
THE PALATIAL PASSENGER siTEAMFRS
B.M.S. "MAuARA," BJU.51. "MAKIRA"
(20.000 tons dis.) ilS.500 tons dls )
fail from VANCOVTER, B. C. Jane 7. Jnlv
6, AugTist 2. Apply fsnsdlsn Pacific
Railway. 65 Third Bt.. Portland. Or., or to
the Canadian Australian Rosi Ms'J line.
0 Seymour Btieel. Vsncomer. B. '.
Honolulu
The War In fir.'s",endi1 t to-screw
OCEANIC 5. S. CO. "hekiv "soo",-toitiii
I7J .-. fas Ftawhts. tl. lstCl.$SS.0O; 2nd Wei
1 Lmeto SySfiwv.Austfvlla . Sailinirs ever 21 days.
r-Ioui.sa7.soirt May in, 4U.U, J1U1 'a
I :0 P. M. MONDAY. MAY 1. 'H
I Ssn Francisco, Portland & Iws Angt- 9
B les c'ttamehtp Co., Frank Bollam, K
I Act.. 12 Third St. A 45&I6. Main t.