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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 27, 1917)
THE SUNDAY OREGONIAX, PORTLAND, 3IAT 27, 1917. - 13 HNE WOOL 50 CENTS Buyers Freely Offering Price in Eastern Oregon. MARKET GREATLY EXCITED Sales Daring Week at Echo, Hepp ner, Pilot Rock and Pendleton. Growers Now Ask TTp to 60 Cents. The- wool market la Eastern Oregon is strong and excited. Buyers are steadily advancing; their bids and the demand was never keener than it Is now. The only rea son there is not more business passing; is because growers are more bullish than buy ers. The entire clip could be sold out in 24 flours, according- to leading members of the trade, if sheepmen would take ..the prices offered them.. Bids of 80 cents for fine wool were freely made In the latter part of the week, and in some sections even more was offered. A dozen clips of fine wool In the Echo. Pilot Rock. Heppner and Pendleton sections were old at 60 cents. The total business for the week amounted to about 200,000 pounds, a very small total considering the urgency of the demand. It la evident the bulk of the clip will be held for the regular sales days. Coarse wools have been more or less neg lected. Growers are asking 55 60 cents for these, and some also want the same prices for fine wools. The wool is coming off In excellent shape, and buyers declare the staple la better than for many years past. The fleeces are aver aging about a pound more than last year. Shearing has been materially delayed by cold weather and probably not more than 10 per cent as much wool has been shorn as one year ago. Similar market conditions prevail in South ern Idaho. Washington is being gradually cleaned up, and in the Ellensburg section practically all the wool has passed out of first hands. "Wool merchants In the East are figuring an a bare market by the time the new Western clip is available there, and as the ownership of a good part of the domestic clip has already been transferred to manu facturers, they are facing a short period of activity. A late trade report from Boston says: "With the foreign sources of wool offer ing nothing further. It Is figured that deal ers will have little to offer by the time the 1917 domestic clip becomes available In quantity. Several houses already have their lofts nearly empty, according to report, es pecially of the grades most In demand at present. When the domestic clip does begin to move, however, the situation of stocks will be aggravated by the fact that consid erable wool under contract by dealers, that Is. supplies which they secured originally had been transferred to mill Interests before shipment from the West, Indeed, previous to shearing. Thus, with Imported stocks down to a low ebb. It looks as though the mount of domestic wool which dealers will have for sale from the current clip will be the lightest for years. "Naturally the exceptionally heavy buying f manufacturers has given them a good supply of raw material upon which to work for the time being. The extraordinary de mands upon the trade, however, make these supplies appear less than they would under other circumstances, and the shortage of wool now seems to be in a way to make Itself more noticeable than It has to date. The prospective lack of supplies indicates that the future will bring with it a quiet period in the wool market, unless the Aus tralasian centers of production are allowed to send something to this country, either directly or via London. The trade has had little to stimulate hope In this direction, but would welcome favorable action at any time. Advices from Great Britain recently have Indicated that the English trade Is favor able to the allotment of some wools under the control of Its government to the United States." FLOUR PRICE IS AGAIN REDUCED Forty-Cent Decline Is Announced Local Millers. by The flour market declined 40 cents a bar rel yesterday owing to the continued fall In wheat prices. The new quotation on patents Is 812.10. The total flour decline to date has been $1.80 a, barrel. Local trade la quiet. aim lee a prices were readjusted to a lower basis, the day's declines amounting to 8498 a ton. Wheat was dull and weak, with bids at the Merchants' Exchange reduced 6 to 8 cents, 82.47 being offered for bluestem and 82.45 for club. These bids were evidently lower than the condition of the market justified, in spits of Its weakness, as 5000 bushels of June bluestem were sold on the Seattle exchange at 82.57, Oats and barley were inactive and bids were unchanged from Friday. Terminal receipts. In cars, were reported by the Merchants' Evchange as follows: Portland Wheat Barley Flour Oats H Saturday 80 Year ago....... 17 Total this week. 238 Y ear ago 122 Season to date .8068 Year ago 10185 Tacoma ?riday 66 ear ago 8 feason to date. 6674 ear ago. ..... .6868 Seattle ?rtday ear ago 14 Beason to data. 8194 Year ago .7748 .... S 2 5 2 4 7 12 13 82 21 21 2 81 24 48 267 1430 2239 2502 1518 1812 1031 2715 4 '"i f 181 .... 810 2030 619 .... 427 2367 S .... .... 8 8 5 4 831 1657 1197 8859 1273 2054 1047 4214 OREGON STRAWBERRIES IN MARKET First New-Crop Figs Make Their appesr- suice nuanst firmer. Strawberries did not clean up yesterday. ine best rrult was held at $202.10 but other stock sold as low as 81-75. A few crates of Southern Oregon berries made their appearance, ane season ror California ber Ties is now about ended. The first shipment of California fresh figs arrived and sold at $1.50 a box. rh,i.. are becoming more plentiful and should be auwcr in tuts coming week. Bananas are advancing again at Gulf points, ana a nigner market can be ex pected here. Asparagus continues scarce, owing to the cold weather. Los Angeles lettuce shipments have ceased and the stock Is now coming uregon lettuce buouiu db on me marKet next week. The iwai pum QiarKei was dull chanred. and UQ, Egg Market Closes Steady, The egg market was steady at the close f the week, with prices unchanged at cents lor current receipts. The butter market was also steady at last prices. Poultry receipts cleaned up with a good demand for large hens at 20 cents. Small broilers were lower at 16ft 3 7 cents, but large sizes were taken at 20 21 cents. Dressed meats were unchanged. Small Movement In Hops. In spite of the uncertain condition of the Eastern brewing trade and the possibility that Deer making may be stopped entirely, there Is still a little business being done in hops. Only small lots were taken and the prices paid ranged from 4 to 6 cents. Not many hops remain in growers' hands, but there is a large stock of English con tract goods stored In warehouses. Soap Prices Climbing. Sharp advances In a number of Eastern brands of soaps and washing powders were reported yestertfay. The strength of the soap market la a reflection of the abnor mally high grease prices now prevailing. Several of the Eastern soap manufacturers have withdrawn quotation! until they can be adjusted to the new level. CONSERVATISM IS STRONGLY ADVISED Joint Council of Fruit Trade Studies War Legislation. The big Eastern fruit trade organizations, comprlslpg in their membership practically the entire body of fruit and produce mer chants throughout, the United States. In cluding the National League of Commission Merchants of the United States. International Apple Shippers' Association and the West ern Fruit Jobbers' Association of America, have appointed a Joint council, consisting of the presidenand secretary of each of the organizations, the duty of which is to watch the legislative developments at" Washington and to co-operate with the Government In matters pertaining to the business of the distribution of perishables. The report of the Joint council summarizes the legislation now before Congress and says: "The Joint council feels that we should be of all possible service in the emergencies now before our country and that we should co-operate In every possible way to keep the channels of trade open and business active. We also feel it to be our duty In view of the many existing uncertainties to advise conservatism In future plans and operations." Bank Clearings Bank clearings of the Northwestern cities yesterday were as follows; Clearings. Balances. Portland $2.28.b 1201. las Seattle 2.7S2.139 4S8.059 Tacoma 401. OSS 02,975 Spokane 843,961 62,691 Clearings of Portland. Seattle and Tacoma for the past week and corresponding week In former years were: Portland. Seattle. Tacoma. 191T 15,875.u8 $21,582,986 $2. 632, 262 1918 11.832,209 14.049.508 2.0SS.611 1915 8.4S7.190 1914 9.932,901 lain 9.0113.3:12 1912 i.. 7.70706 1911 9,398.354 1910 8,015.265 1909 6,260,289 1108 D.203,575 1907 7,989,971 1906 - 5,020.111 1905 4,711,602 12 131.21)9 1.438.d6 10,080.363 1,452.231 10.030,901 1,995.419 8,719.527 -8.522,900 9.905,420 3.440,195 9.940.466 4,596.156 9,765,143 . 5.263.395 8,7:16.191.. 4.187.460 10.0S8.223 S,209.71! ' 9.42.801 li.57O.2O0 ' 5.700.132 3,800,002 PORTLAND MARKET. QUOTATIONS Grain, Flour, Feed. Etc. Merchants' Exchange, noon session; Cash quotations: Wheat Bid. Bluestem $2.47 Fortyfold 2.45 Club 2.4S Red Russian 2.43 Oats No. 1 white feed 47.00 Barley No. 1 feed 45.00 Bid Yr. ago. . $1.02 .92 .91 ' .91 ' 26.25 87.00 FLOUR Patents. 112.10; straights, 10.90 11.30; Valley. 11.10; whole wheal,. (12.30; graham, $12.10. , . M1LLPEED Spot prices: Bran, $37 pes ton; shorts, 40 per tont middlings. 949; rolled barley, $50051; rolled oats, $5354. CORN White, $72 per ton, cracked, $73 per ton. HAY Producers' prices: Timothy. Eastern Oregon. $30 'a 32 per ton: alfalfa, $20823; Valley grain hay. 11 20. . Dairy and Country Produce. BUTTER Cubes, extras, 36c; prime firsts, 85c Jobbing prices: Prints. extras? 39c; cartons,, lc extra; butterfat. No. 1, 39c; No. 2, 87c. CHEESE: Jobbers' buying prices, f. o. b. dock, -Portland: Tillamook triplets. 24c; Young Americas, 25c per pound ; longhorns, 25c. Coos and Curry, f. o. b. Myrtle Point: Triplets, 23c; Young Americas. 24c per pound; longhorns, 24 fee per pound. EGGS Oregon ranch, current receipts, 8233c per dozen; Oregon ranch, selected, 34c per dozen. POULTRY Hens. 17 18c per - pound; broilers. 1621c; turkeys, 22c; ducks, old, 17c; young, 25c; geese. 12 13c VEAL Fancy, 18 14c PORK Fancy. 19c per pound. . Fruits and Vegetables. - Looal lobbing Quotations: TROPICAL FRUITS 'Oranges. navels. $2.253.50; lemons, $2.754.5u per box; ba nanas. 5c per pound; grapefruit, f2.65ft.75. VEGETABLES Artichokes. nitc per men: tomatoes. S4.25ix4.50 Der crate: caD b&ge. 45c per pound; lettuce, $l.i51.85: cucumbers. $11.50 per dozen: peppers. 20 85c per pound; rhubarb, 2&. 3c per pound; leas, 67e per pouna: asparagus, sny .50 Der dozen: spinach. 4i.nic per pouna b,flnn. 10tl2Wc oer Dound. POTATOES Oregon. joDDing prices. j.o 4 per hundred; new California, 6c per pound. ONIONS Bermuda, yellow, $132.25 mlilt Sfl? ner crate: red. S3. GREEN FRUITS Strawberries, $1.752.10 crate; apples. $1.35 3 2.75 per box; cherries. 1012c per pound; gooseberries, -i-5c per pound. SAN FRANCISCO PRODUCE MARKET Prices Current on Butter, Eggs, iruit, Vegetables, Etc.. at Bay City. RAN FRANCISCO. May 26. Butter Fresh A-rtrna. 36v. orlmfl firsts. 35 xC. Eggs Fresh extras. 34c; extra iirsia. 81c: fresh extra pullets. 30c; extra firsts, pullets. 28c. Cheese Young Americas, zoc. Poultry Hens. 2324c; roosters, old, 14 S15c: fryers. 82 (S-35c: broilers, 30 32c; squabs, $22.25; pigeons, $1.502; geese, 19 firUOc: ducks, lottisc. Vegetables Summer squash, crate, 75 9 90c; asparagus. Sacramento River, box. $1.75 2.25: bell peppers. 1537,200 pouna; cniii. 10 17c: lettuce. Southern, crate. 5075c: peas, bay, sack. $1,5012.50; tomatoes. Mex ican. $1.25q2; garlic, uauiorma, new. pouna 45c: old. 204c; onions, green, oox, ooicidc rhubarb, bay, box, 75cgi$l: San Jose, $1 1.25; cucumbers, hothouse, box, $1.25l.o natural. $11.15; beans, new crop, wax. oound. 586c: string. Southern, uvGUc. Potatoes Rivera, $34; Oregon Bur- banks. $4.25 rfi 4.75; new. 3U9mc pound. Onions Bermuda and crystal wax. 81.73 2 crate: new red, $2.252.40 sack. Fruit Apricots, Imperial Valley, 75c 1.25: cherries, purple Guignl. drawer, 75 90c: strawberries. Longworths. chest. $5$ $6; banners, $og-o; raspoerries, crate, uc $!. 25: blackberries, $11.50; gooseberries, 56c; lemons, $3433.50: grapefruit. $2.503 oranges, $2.652.90; bananas. $11.75; pine apples, $2.25&2.50; California Newtown pip pins. $1.50(111. (5; peacnes, $2.25 'g :.; logan berries. Sl.25 9tll.SO. Receipts Flour, 1275 'quarters: barley, 5835 centals; beans. 427 sacks; potatoes, 830 sacks; onions. 90O sacks: hay, 234 tons hides, 2220; wlljo. 32.300 gallons. Chicago Dairy Produce. CHICAGO. May 26. Butter, higher. Re ceipts, 10,332 tubs; creamery extras, 41 & 40114c; extra iirats. uc; iirsts, a8U)40c seconds. 87 Si asc. Eggs lower. Receipts, 27,783 cases; firsts. 83834c: ordinary firsts, 81 Vie 32c: at mark, cases included, $8184. mark, cases Included, 31 hi 84c Naval Stores. SAVANNAH, Ga. May 26. Turpentine, firm: 42c: sales, 78; receipts. 873: shin ments, zi; srocic iv,v. Rosin, firm: sales, sob; receipts. 1104 shipments, 118: stock, 07,786. Quote: A, B, $5.85: C, D. $5.87; M, $5.95: F, G, H $6; I, $8.50; K. $6.10; M, $6.15; W, O, $0.30; ww, o.4u. Dried Fruit at New Tork. hew lUKti, .nay zo. Evaporated an pies, more demand. Prunes quiet. Peaches I inn. MORROW COUNTY OUTLOOK IS GOOD Rain Help Wheat and Sheep Fleeces Are Unusually Heavy. HEPPNER. Or.. May 26. (Special.) Morrow countjre prospects lor the wheat crop are excellent, steady rain fell durin the week and the ground Is thoroughly sat urated. Shearing Is In progress at the differen plants, but the work Is being hindered by the wet weatner. bneepmen report axtraor dinarily heavy fleeces. The Farmers' Union will hold Its fourth annual picnic in Heppner June 2. A plat form discussion of the road bonding Issue will be a feature of the day. Prominent speakers for and against the measure will be present. Bean and Potato Acreage Increased. ALBANY. Or.. May 28. (Special.) De spite unfavorable weather conditions, Lini County will have this year by far the big Keat acreage of beans and potatoes in iti history. The rains have not interfered with the planting of these crops to the same ex tent that they have with grain growing. Land which has not been used for years has been cultivated this year and much of It Is being used for potatoes or beans. While the Increased acreage in these crops Is more noticeable in and near the towns of the county, more farming land than usual has been planted to these crops, especially beans. Aid for Flax Growers. TURNER. May 26. (Special.) Harry A. 8choth, Government flax and forage crop expert, has been in the vicinity of Turner the past several days working among the farmers .and aiding them especially with the Spring flax work. It Is Mr. Schoth's intention to be In this vicinity several times during the flax-growing season to aid the farmers In the production and harvesting of their flax crops. FUTURES ARE SOLD Foreigners Buy Wheat for Im mediate Delivery. CHICAGO MARKET IS OFF Total Yield of TTnlted States Esti mated at 750,000,000 Bushels and Domestic Consumption Reduced; Grains Slump. CHICAGO. May 26. Announcement that foreigners were getting rid of some of their future delivery holdings had a bearish in fluence on the wheat market today. Ths outcome was a heavy close at 4c to 6c net decline. Corn finished 3c to 6c down, oats -off He to lc and provisions 25a to 57 cents. Notwithstanding that week-end evenlng- P of trades gave the wheat market at one tage an appearance of strength, breaks in prices became pronounced during the last half ox the session. Messages from the sea board said European Interests were fairly cttve :n letting go of future contracts ana taking instead wheat for immediate de livery. In this connection It was said that premiums for cash wheat had dwindled 20 cents a bushel from the recent high point nd that much more wheat was being of- 1 fered than was the case when premlus were extreme. Other bearish Influences Included an authoritative estimate that the total yield In the United States this season would be as much as 750.000,000 bushels. Asser tions also were current that the domestic consumuptlon this season would only be bushels as against a normal average of bushels. Such a reduction would mean saving of about 50,000,000 bushels. Corn prices fell sharply owing to ar rival of Argentine .corn In New York and as a result of the improved car supply, which was said to be taking much corn east for which there was no immediate domes tic or export demand. Besides, corn reports were bearish. Oats went lower with corn. Field advices were favorable and nothing was heard of any revival of export call. Provisions dropped because of the break In grain values. Smallness of prospective hog supplies next week acted as only a tem porary support for the markets TRADE IN WHEAT OF SMALL VOLUME With Operations Restricted. Decline in Values Is Steady. CHICAGO. May 26. Shriveling id of the trade in future deliveries of wheat has been accomplished this week by 'price losses of 9c to 17c. Options In other commodities, also, became less expensive, corn declining c 10 ostec, oats 2 c to 6 Tic, and provisions itC tO S2C Despite the almost uniform downward movement of whi st values. It was a fact that rellers at first overreached themselves. Reports were current that entente nations had agreed to liquidate European holdings of future contracts in the United States, but no evidence of any such liquidation devel- pea and temporarily ths market went soar ing when short sellers who wished to even up trades attempted to switch to the birr ing side. After this Incident, however, the volume of transactions In wheat became ex tremely small. In view of pending legisla tion at Washington, and because of stringent xlstlng restrictions, prices fell almost un impeded thereafter and the relatively few brokers still engaged in wheat trading found that the smallest grain pit on 'change af forded ample space for all purposes. A beginning of the 1917 wheat harvest was reported from Texas on Wednesday, but It was said that cutting would not be general there for 10 days or two weeks, and as a result would be a little later than usual. Nevertheless, the nearness of general harvest operations has counted to some degree In depressing values, especially as the latest estimates of the domestic yield this season liberally surpass the 1916 total. Enlarge country offerings broke the com market after there had been a series of bulges due to scarcity of receipts and to misgivings about the effect of unseasonably cold weather. Excellent crop reports had a bearish ef fect on oats, which were, also depressed by a stoppage of seaboard demand. Weakness of grain and hog quotations eased down provisions. Selling of lard by houses with foreign connections was at times a leading feature. Leading futures ranged as follows: WHEAT. Open. $2.17 1.S6 High $2.19 Low. $2.11 1.84 Close. July. Sept. $3.11 LS4 l.UO CORN. 1.63 1.39 V OATS. July. . Sept. . I.BS 1.38 1.46 1.32 Vi 1.48 1-32 July. .80 .53 V .81 .64 .5844 .62?, .68 .52 Vi Sept. PORK. May. 87.25 87.25 July. . . 37.25 38.00 LA.RD. 22.80 22.47 July. 22.20 22.37 21.52 2L70 21.82 21.82 Sept. SHORT RIBS, July 20.45 20.57 20.15 ;20.15 Sept 20. 65 2U.75 20.32 20.85 rain prices were as ioiiows: Wheat Nos. 2 and 8 red and 3 and 3 hard nominal. Corn No. 2 yellow, $1.66Vs; No. 3 yellow. $1.601.67: No. .4 yellow. $1.6SV. Oats No. 3 white, 63 a 64c; standard, 83 Vi 4V4c Rye Nominal. Barley $1.3()frl.58. Timothy $5.75 08.00. Clover $12.00a 17.00. Minneapolis Grain Market. MINNEAPOLIS. May 26. Wheat. July, $2.22Vi: September, xi.BU. casn. No. I hard $2.77V4 2.81V4 ; No. 1 Northern. $2.67Vi? 2.72V4: No. 2 Northern. $2. SI Vi rtf2.67 Vi. Flax. $3.26 W 8.32. Barley, $1.0561.45. Eastern Wheat Futures. DULUTH. May 26. Wheat closed: May, $2.84; July. $2.25 Vi. WINNIPEG, May 26. Wheat closed: Oc tober, $1.92Vi. KANSAS CITY. May 26. Wheat closed May.-$2.75; July. $2.16V4; September. $1.82 Vi Eastern Cash Wheat "Markets. DULUTH. May 26. Cash wheat: No. 1 hard, $2.85: No. 1 Northern. $2.84; No. 2 North era, $2.70; No. 3 Northern. $2.592.09; No. 1 durum, $2.45; No. 2 durum. $2.40. WINNIPEG. May 28. Cash wheat: No. Northern, $2.49: No. 2 Northern, $2.46; No. 3 Northern, $2.41. KANSAS CITY. May 26. Cash wheat: No. 2 hard. $2.80 iv 2.96; No. 3 hard, $2.Tj2.80 No. 4 hard, $2.70 02.80. ST. LOUIS, May 26. Cash wheat: No. hard, 82.92. OMAHA, May 26. Cash wheat: No. 2 hard. $2.85; No. 3 hard. $2.83 gi 2.85. Grain at San Francisco. SAN FRANCISCO. May 28. Spot quota tions Bluestem. $4.85 4.90: Turkey red. $5&5.05; red Russian, $4.55 &4.80; feed bar ley. $2.302.35; white oats. $2.70ff2.7&; bran, $45&46; middlings. $5455; shorts, $49 gt 50. Call board Barley, December, $1.92V4: Sales, 140O tons Puget Round Grain Market. SEATTLE, May 26. Wheat Bluestem. $2.54; Turkey red, $2.54; fortyfold, $2.50; club. $2.49: fife. $2.49; red Russian, $2.47. Barley. $48 per ton. Yesterday'a car receipts Flour 5. TACOMA. May 26. Wheat Bluestem. $2.53; fortyfold. club and red fife, $2.49; red Russian, $2.47. Car receipts Wheat, on; parley, 2; corn, 1; hay, 6. . ' Coffee Futures Easier. NEW YORK. May 26. Coffee futures were a little more active this morning, but the orders seemed to be pretty well divided and fluctuations were narrow. After opening unchanged to 2 points lower, prices steadied up a point or two. with July selling at 8.24c and December at 8.45c. Offerings then In creased slightly and the market eased off again, closing at a net decline of 2 to 3 points. Sales 23.750. May and June, 8.14c; July, 8.20c: August, 8.2fc; September, 8.29c; October, 8.82c: November, 8.86e; December, 8.41c: January, 8.47c: February, 8.53c; March. 8.09c: April. 8.85c Spot, dull; Rto 7s, lOfco; Santos 4s, 10 Vic No fresh offers were reported In the cost and freight market. The official cables reported a decline of 75 reis at Rio. Santos spots were unchanged and futures 25 reis higher. Rio exchange on London 8 11-16 pence lower. Capper Market Firm. NEW YORK. May 28. While no large business has been reported in the copper market during the past week there has been .some Improvement in demand and prices have held, generally firm. Today's quotations ranged around 814f33c for spot and nearby delivery with the prices prac tically nominal. Electrolytic for July de livery was reported scarce, and quotations for the third quarter and later positions ranged from 28 30c. Iron was unchanged. Elgin Butter Market. ELGIN. 111., May 28. Butter higher, 125 tubs at 43c; 40 tubs unsold. New York Sngar Market. NEW YORK. May 28. Raw sugar steady; molasses, 6.08c; centrifugal, 5.96c; refined, quiet. Fine granulated, 7.506 8.50c. Duluth Linseed Market. DULUTH, May 28. Linseed on track, $3.81; arrive. $8.22: May. $3.81; July. $3.26; September. $3.14; October, $2.98. GRAIN IS DOING BETTER GENERAL IMPROVEMENT REPORT ED IN INLAND EMPIRE. With Favorable Weather, Normal Crop May Be Harvested Plants Arc Making; Good Growth. A general crop report on conditions In Its territory has been issued bv the Suakane. Portland & Seattle Railway in part as fol lows: Goldendale. Wash. Weather last Fall un favorable to Winter wheat yield. This, added to damage by wire worm, caused annrni. Imate loss of 40 per cent of Winter wheat. in Klickitat Valley. About all fields Wlnter- Klllea were seeded to Spring grain. Weather and soil conditions up to date very favorable to good yield Spring grain. Roosevelt. Wash. Weather conditions fa vorable for Spring-sown grain, although some unsnine would help considerably. Crops very backward and probable that harvest ing will be three weeks late. Acreage In crops considerably larger than last year. Hoover, Wash. Excellent weather for past three weeks with no damage whatever to growing- crops. Orchards all heavily laden with dirrerent varieties' of fruit, and as May 10 is latest frost recorded In this vi cinity, frost scars apparently over. Kencewtck. Wash. Continued cool weather during present week has had effect of re tarding ripening of strawberries, and they will nftt be on the market until about the 25th. Slight damage from frost. Other fruit In exceJl.'Kt condltion- Pasco, wash. Weather continues cool ana Is holding back strawberry crop, which will be later than usual this year. Some Increase In acreage, and look for larger yield than last year. Ueniti, Wash. Crop conditions Improving rapidly under past favorable weather, which has advunced all vegetation rapidly and been good for all grain crops and farm op erations in Eone-raU Seeding of Spring grain Is completed In this section ana early-sown wheat is showing nicely with a fine stand. Lamont, Wash. Nearly entire acreage of Winter wheat plowed up and resowed to Spring wheat, considerably less than 20 per cent of Winter allowed to stand. Spring wheat . and barley showing up as well as was expected on account of backward Spring. All crops practically in ground and in best condition possible. South Cheney. Wash. All indications point to frood crops. Spring seeding all aone ex cept some of the low lands, which are too wet on account of April high waters. Sherar, Or. Prospects are gooa lor rair grata crop. Sheep have started moving to the Summer ranges, and shearing la In progress. Madras, Or. Spring sowing of Spring grain mostly all finished, but quite a few farmers are still reseedlng Fall-sown grain destroyer! by wire worms. Some have had to reseed for ths third time It Is estimated more than, one-half of Fall-sown grain re quired reseedlng. Culver, sr. Crop conditions at this point assume very favorable outlook. We are h.irinL, an abundance OI rain inis ?urms. which is slightly retarding the sowing, but Is storing plenty of moisture to assure a 1 .i-n. Kowlnsr is progressing rapidly and about compu ted. Grain already sown is coming on nicely. Klesling. wain. epring wors. -.nu ing In progress for two weeks. 01 sin seed ing nearly completed. Forty-five per cent fii ffrmn being reseeded. Approximately 800 acres in vicinity of Spring grain, 400 acres of Fall grain. Spring Valley, wasn. 01x17 per m i Fall grain to bs reseeded. lncreasea acre age win mane eprma b'' cent more tnan lasi year. " cmc, Some raachera using Summer fallow for lea"- . . Rosalia, wasn. sixty per mm " wheat to be reseeded; two-thirds of this work done Spring wheat acreage will be little less than last year, account re seedlng large area of Winter wheat, af fected by nign price 01 seeu. awic-.s oats will be fully as large as laat year. Season progressing rapidly. Colfax. Wash. uraln situation more ia- vorable at this time. Considerable Spring sowing accomplished and a great aeai yet to be done. Rains of last few days have been warm and have provea 01 great Dene- fit, although hindering Spring seeding to some extent. Farmers optimistic aa to out come. Oakesdale, Wash. Past month has been good for growing grain- Forty per cent of Fall grain will be reseeded. Acreage about the ume as last year, while Spring grain acreage will be 40 per cent greater. Three thousand acres 01 peas sowed in 101s 10 MtV Garfield. Wash. Conditions favorable for grain crop. Weather ideal; good showers. Palouse. Wash. Fall grain acreage light some being reseeded. Plowing for Spring grain nicely started. Cannot estimate acre aze. aa weather conditions will govern. Moscow, Idaho Weather since last report has been unfavorable for seeding except laat 10 days, during which farmers busy plowing and seeding. Fifty per cent of Winter wheat will be reseeded. Reports from farmers living north and easf of Mos row indicate a better stand than that south and west. With favorable weather, will be heavy Increase In acreage of Spring wheat and oats, especially oats. . Spokane. Wash. The general crop condi tions throughout the Pslouse country is looking a little brighter. The weather has been excellent. With continuous favorable weather during the growing season, chances are that the total acreage of grain seeded will be normal. The large percentage of course, being Spring grain. Weather con ditions are favorable tor sowing peas and potatoes, and I understand that the fruits are In good condition. Walla Walla Grain past two weeks has mads good growth and Is well rooted. Pros pects have greatly Improved and while bar- vest will be a little late, 11 tne present fa vorable weather conditions continue crop will be close to average Plenty of moisture in the ground and Indications zor additional rain. - Lewlston, Idaho Weather past week has been cool and considerable rain has fallen In the Camas Prairie district, so much so that but little farm work has been done. However, on account of lateness of season, farmers have made preparations for work on a largs scale and are pushing spring plowing and seeding with more vigor than ever before, and If weather remains season able the total acreage In the Camas Prairie district win be about normal. Fall grain looks about as well as 1 have ever seen It at this time -of the year. Uniform growth and of a splendid stand. The grain at the nresent time Is two or three inches high. very thick on the ground. In the territory of Lewlston to Rlparla, 50 per cent of the Fall grain will have to be reseeded. Spring grain that was sown early is looking well and Is as far advanced as the Fall-sown strain. The acreage In this territory will. I believe be 10 per cent lass than that of last year. In the territory south or Lewis ton 50 per cent of Fall grain had to be reseeded. Total acreage of grain probably will bs 10 per cent less than that of last year. Spokane Ths territory between Walla Walla and rayton 4ooks considerably bettor, and grain dealers and farmers srs very optimistic ss to outcome. The conditions in Umatilla County are not quite as favora ble. While ths crops there do not look as good, there Is no reason to be alarmed as to the results. r armors snu grain men believe that, with favorable weather, they will have almost a normal crop. There has been considerable precipitation In the Walla Walla and Pendleton territorlee ths latter part of last week, but ss far ss reports go, no damage has been reported. Beaverton. Or. Continued rains and cool weather hindering farm and garden opera tions quite seriously. Fall-sown grains are looking fine despite cool weather, and It seems that an average acreage has been put In and was not hurt by the Winter. Hlllsboro, Or. Condition of the Fall crop in this territory could not possibly bs bet ter. Ths acreage, due to a dry Fall, is probably 10 per cent under the average. Owing to a m-et. late Spring, Spring work la away back. 8pring wheat crops are in ths ground and looking tine - AN Dobie-i Ste am STEEL GOES HIGHER Entire Industrial List Is Car ried Upward. SUGARS ARE ALSO STRONG Coppers Aided by Advanced Quota tions for Refined Metal Bank Statement Shows Effect of Liberty Loan Financing. NEW TORK. May 28. United States Steel achieved the new high record of 134 Ts In the course of todays brief, but active trading, and carried others of its class to top levels for the current movement. Tte vigorous buying extended to coppers, mo tors, oils and a wide variety of equipments and specialties, including sugare A. striking feature of the latter division was a 23-polnt rise In South for to KIco Sugsr to 200. With one exception, virtually ail the de velopments of the day were of a construct ive character. Coppers were assisted by news that pro ducers, sgaln had advanced quotations for the refined metal on orders deliverable dur ing the third quarter of the year. Industrial Alcohol forged steadily ahead at an advance of 3V4 points to 138. and ex traordinary activity was shown by Corn Products at an extreme gain of 3 points. Total sales of sbout 775. OOO shares were In keeping with the activity of recent day a Steel as usual furnished fully one-quarter of the whole. Important changes in ths bank statement denoted the shifting of money incident to the flotation of tbe two-billlon-dollar loan. Actual reserves of local Institutions In their own vaults decreased by more than 832, 0O0.0O0. while reaer-ea In the Federal Bank Increased over $01). 000. 000. The loan ex pansion of more than 858.OOO.0O0 was trace- Die In large part to the great Increase of market operations. Excess reserves in creased almost S30.000.000, restoring that Item to above 81 78. OOO. OOO. against t0.0oO. 000 the first week of the month. Bonds were Irregular on a small turn over, total sales, par value, being 81.875.OoO United States bonds were lower by hi to 1 per cent on call during the week. CLOSING STOCK QUOTATIONS. Closing Low. Bid. 93 94 51 51 73 74 72 73 105 10H 110 122 121 :: 1 35 S6 S6 loi IOI los los 70 70 46 47 21 22 K1 94 95 59 ' 73 73 ::::: 59 59 64 64 29 82 77 79 44 44 16 16 24 25 161 161 110 109 106 107 35 35 IOI 64 64 83 83 41 42 89 3 21 49 49 126 49 50 96 98 40 40 27 27 100 1O0 25 26 90 91 85 86 128 123 103 102 '.'.'.'.I 26 62 62 50 61 81 81 92 93 92 92 27 28 94 94 . 26 27 83 88 219 222 137 137 133 137 133 134 119 119 117 117 25 25 93 64 55 Sales. Hlsrh. Am Beet Sugar. l.Soo 114 Am Can I8.000 r.a Am Car Fdry... 6.70O TV Am Locomotive. 1 2.500 74 W Am Smlt sc Itrg 13.000 108 Vs Am rcugar rtrg Am Tel & Tel.. 40O 122T4 40O 3.000 24.500 1.900 4.200 700 1.300 1.700 Am Zinc. Lead.. 3.000 35 Anaconaa uop Alchlnon. 101 a; 1011 1; Atl ttulf Bslt fc Ohio... Butte A Sup.... 474 Cal Petrol Can Pacific .... Central Leather. 9.100 ""soo 95 hi '74 v Ches fe Ohio. . . . C, M ec St P.... CAN W C. R I & P ctfs Chlno Copper . . Col F I 0.800 4.SOO 60 65 4 32 79i 45 16 rs 162 110 107 83 Com Products Crucible Steel 87.60O 33.100 Cuba C'ne Sugar 4.00O COO 2.900 400 8. 90O 1.20O 3.600 Distiller s sec .. Erie Gen Electric ... General Motors.. O N pfd G N Ore ctfs... Ill Central Inspiration ..... 143.00 . 85 int Aler i ptc. it.wiu Int Nickel 18.100 ta 42 39 Int Paper 800 KJ soutn Kennecott Cop . 25,500 Louis sV Nssh... 50 "SO 98 41 27 100 26 Msxwell Motors. 3.700 Mexican Petrol.. 11,600 Miami Cop Missouri Pso . Mont Power . Nov Copper . N" Y Central.. New Haven . . Norfolk A We North Pao ... Pacific Mall . Pao T T . . . Pennsylvania . Pittsburg Coal Ray Cons .... Reading 2,600 800 BOO 2.100 1.400 1.500 91 86 400 123 200 103 2.0OO T.OOO 10.100 11.2O0 53 51 31 93 93 28 94 27 87 2'j3 137 138 134 119 118 25 Kep Irn k steal 19,000 Shattuck Arts .. 3.9O0 South Pacific .. 3O0 Southern Ry ... 8.700 Studebaker 11.000 Texas Co 2.50O Union Pacific .. 2.10O U s Ind Alcohol 11.400 U 8 Steel 162,300 do pfd 300 Utah Copper ... 15,300 Wabash pfd "B" .300 West Union Wrstlnshouss . . 22.200 88 Total sales for the day. 775. OOO shares. BONDS. TJ 8 ref 2s reg. do coupon -U 8 3s reg.... do coupon . . TJ 8 4s reg do coupon .. .6rNor Pse Ss. .. . "V!Pac T A T 5s .98 Pa con 4s.. . Is P ref 4s... los V P 4s 105 1U P cv 4s .90 1U 8 Steel Cs . . . 82 . 97 .102 . 86 . no . 89 .104 . 9S - 93 Atch gen 4s D R O ref 5s 65HIS P ev 5s.... NYC deb 6s. .106IAnglo-Fr 5s . Nor Pac 4s 881 Bid. Boston Mining Storks. BOSTON, May 26. Closing quotations: Alloues 65 Aria Commercial 14 Calumet at Arts. 83 Calumet A Hec 555 Centennial 19 Copper R. Con.. 68 East Butts C. M. 13 Franklin 7 Granby Con..... 88 Greene Cananea 45 Isle Roy (Cop).. 82 Lsks Copper.... 13 Kerr Lake 4 Mohawk 90 Nlplsslng Mines. 7 North Butte .... 22 Old Dominion... A3 Osceola 90 Qulncy 91 Shannon 8 Superior 9 Sup. A B. Mln.. 18 lUtah Con 17 Winona 8 IWolverlne 44 Excess Beserres) Are Increased. NEW YORK. Msy 28. Ths statement of the actual clearing house bsnas snd trust compsnies for the week show thst they hold S176.429.670 reserve in excess of legal re quirements. This Is an Increase of $29,675,- 250 over lost week. Money. Exchange. Etc NEW YORK. May 26. Mercantile paper, 4 to 5 per cent. Sterling. 80-day bills, $4.72; eommsrclaL ANNOUNCEMENT of the Detr Motors Detroit, Michigan has been prepared in answer to the many inquiries received from all over the country in regard to finan - cing and manufacturing plans of Doble Steam Cars. The announcement will be sent upon request to any one what is interested. Organization Committee Doble - Detroit Steam Motors Co. Marquette Bldg., Detroit, Mich. 80-day bills on banks, $4.7114; commercial, 60-day bills, $4.71Ui demand. 84.75 8-16; cables, 84.76 7-16. Francs: Demand, &.7'J; cables. 5.71?4. Guilders: Demand. 41H: cables. 41. Llrra: Demand. 7.01 cables, 7 00. Rubles: Demand, 26; cables, 2T. Bar sliver. 74 Sc. Mexican dollars, 46.90c. Government bonds steady; railroad bonds irregular on demand. SAN FRANCISCO. May 26. Sterling. 84.71 hi: demand. $4.75; cables. 84.76ft. Mexican dollars, S6.&6. LONDON, May 20. Bar silver 87 d per ounce. Money S'.i to 4 per cent. Discount rates Short bills, 4 11-16 per cent; three months' bills 4V per cent. RESOURCES AKK AT A RECORD POINT Gain for Week Is Reported by Federal Re serve Hoard. WASHINGTON. May 26. Combined re sources of the Federal reserve banks have reached the new high record of 81,341. 1152.000. The Basra's statement of the condition May 25 shows: Resources Gold reserve $ 520.760.000 Legal tender notes, sliver, etc. . . t6.8U2.0O0 Total reserve $ Five per cent redemption fund against Federal reserve bank notes $ Bills, discounted members ..... Bills bought in open market... United States bonus One-year Treasury notes U. S. certificates of Indebtedness Municipal warrants ........... Total uamlng assets.......... F. K. uotes, net. ........ ...... Due from other F. R. banks, net Due from uepository banks fis cal agent accouuts .......... Uncollected items ............ 557.652, OOO 400.000 47.5B7.000 lOi. 37 1.000 36.513.OUO 23. 33 S. OOO 67. 607.000 14. 675. OOO 2is7.2W7.ooo 28,4 10.0O0 10.041.000 122,349.000 32 8.779.tKo 0.424.000 All other resources ........... Total resources Llablliales Capital pala In Government deposits .... 81,841. 902. OOO 8 58.9S1.0O0 1U8.463.UOO 813.326.000 170.151.000 20.2ul.ouO Due to members' reserve ac counts Collection items I'sOtirai reserve notes All other liabilities. Including foreign governments' creuiis. 72.820. 000 Total liabilities 81.341.U52.OO0 Gold reserve against net deposit and note liaDllltlea, 63.3 per cent. Cash reserve sgalnst net deposit and note liabilities. 07.8 per cent. Casn reserve sgalnst net deposit liabili ties alter setting aside 40 per cent gold re serve against net liabilities on Federal re serve notes in circulation. 68.7 per cent. HIGHER PRICES ARE LV FAVOR Banking Interests Not Avers ts Advance In Stocks. NEW YORK. May 26. Cumulative signs pointing to the success of ths Liberty loan, the Senate's proposed amendments to some of the more unsatisfactory features embod ied In the war.-tax measures, Italy's aggres sive movements on the Austrian frontier and ths Improved crop outlook were factors of varying importance in this week's busy stock market. Daily dealings, which averaged fully a million shares, were sccomplished without strain on the money market. The leader ship of United Stales Steel, at an extreme advance for ths week of 12 points to the new maximum of 134. was accepted as evidence that banking interests are not averse to higher prices. Judging from the course of rails, which were only moderately firm when not irregu lar or heavy, less optimism was shown re garding the attitude of the Interstate Com merce Commission In the matter of in creased freight rates. Rails were under ad ditional handicap from the weakness of trUnor Issues, notably Denver A Rio Grsnde preferred and New Haven, due to specific reaioni. Technically the market has been weak ened or rendered more vulnerable by the en forced covering of an incalculable amount of short contrscts. Trade authorltlea re ported a slight check in various mercantile lines, consequent In part to unseasonable weather and Increased economies. STEEL MILLS BCY RAW MATERIALS Heavy Purrhases of Pig Iron. Scrap and Alloys In Past Week. NEW YORK. May 28. Steel mills, over whelmed with business, present and future. have turned energetically to the market for raw materials, purchasing pig Iron, scrap and alloys In heavy volume. . Ths greatest activity Is In basic Iron, sales of which have aggregated nearly 100, 000 tons for shipment during ths last half of this year and the first half of 1918, but with furnace capacity largely sold for this year's delivery, the demand Is not being fully satisfied. Prices have advanced an other dollar per ton and the prospect Is for another sharp rise soon. Plans of the Army Department are as suming definite form. Ths indication li that the steel mills soon will bs called upon to supply a large tonnage of structural spaces for the building of the warehouses at Army cantonments for ordnancs and commissary stores, for garages and hangars. It is estimated that about 350.OOO tons will be needed In the next year. The Navy De partment has taken bids on 13.50O tons of stsel for machine and atructural shops. foundries and power houses at Navy-yards. English Exchanges Close. LONDON, May 26. The stock and Baltic exchanges here and the cotton exchange In Liverpool are closed today. All exchanges in Dotn cities win oe ciosea Monday. CATTLE SALES SLOWER MARKET OX EASIER BASIS, WITH LARGE RECEIPTS. Demand (or Honrs Lena Active Tksa Earlier In Week All Sheep Values) Are Strong;. Thers was a good run of stock at the yards yesterday, but- practically no trading, ths supplies Intended for the open market being carried over for Monday. The only sales announced were two head of cows, -one of 1280 pounds, which brought $8.75. and the other of 780 pounds, which sold st $6. Receipts were 4U7 cattle. 46 elves, 393 hogs snd 1099 sheep. Shippers were: J. W. Sevier, Cottonwood, 5 cars cattis, calves; J. W. Chandler, Corning. 5 cars csttle, hogs; H. M. Garnett. Orland, 4 cars cattle; C. H. Beauchamp, Brawley. 3 cars csttle; G. D. Csnby. 1 car cattle, hogs, sheep: Lee Miller. Albany, 1 car hogs, sheep; W. A. Ayers, Lostlne. 1 car hogs, sheep. Reviewing conditions at ths yards, the Livestock Reporter says: "Receipts of cattle sines Mondsy have been extrsmely heavy. After a small run oit Co. the opening day of the week, both Tues- day and Wednesday saw over 300 head on the market. Today's receipts will total about 1200 head, one of the largest mid-week runs ever received on the market. Practically everything was California grassers. which were light and lscked finish: most of them wilt no douht go to feeders, of which there are a number In the market. The heavy re ceipts are having an influence on the mar ket, for killers who are well supplied are not Inclined to do any more buying than necessary. All grassers that were moved sold at from 25 to 50 cnts lower prices. After starting oft ths week on a strong basis, with advances of 10t'15c In the bulk of sales, the hog market settled back this morning, registering a loss of 15 cents. Only two. loads were received for the day 8 mar ket, but there was apparently little demand with the bulk of sales at $15.75. Pigs were steady, bringing $13 end $13.50. There was only one load of sheep re ceived today, which was weighed "off cars.' The ewes brought $9.75. while the shorn wethers sold at $10.73. which was 25 cents higher then sny previous sale. Several bunches were on the market yesterday, with Spring lambs at $13 and heavy short ewes at $9. Demand for sheep seems much Im proved snd the market Is on a very firm basis." Prices ranged ss follows: Cattle Price. Steers, prime $10.00110.50 Steers, good 9.50 ft 9 7 1 Steers, medium 9 0OW 9..V Cows, choice U.OOtf 9.50 Cows, medium to good......... 8 25-5 S.75 Cows, ordinary to fair 7 25 9 8 Ort Heifers 7.00 t? 9.7 Bulls e ouijr x u Calves 7.50 W 9.50 Hogs Light snd hesvy packing 15.60tH8.on Knugh heavies 14.90'S 15 25 Piies snd skips l3.0OiBlS.5o Stock hogs I2.O0&13.00 Sheep Lambs 10.25iSM4.00 Wethers 10.25 fi 13.5.1 Ewes 9.00 J 11.50 Omaha Livestock Market. OMAHA. May 26. Hogs, receipts 760O. steadv. Heavy. 115.60015 0; mixed. $15.50 W15 70: light. $15.40 tj 15. 7U; pigs. $12,500 14.50: bulk. $15.50l 15.70. Cattle Receipts 100. steady. Native steers. $10 25((il3.25: com s and heifers. $8 50111.50; Western steers. $90 11. SO; Texas steers. $8 73 Pll.75: cows snd heifers. $8.50910.25: can ners, 7JS.5: stockers and feeders. $7611: calves. $9 50f 13.5; bulla $6.75 Jf in. 23. Sheep Kecelpts loo. atesriy. Yearlings. $13 .vif 15.50; wethers. $ 12 50 'a 14.25; ewe.. $11.75tt 14: iambs. $19.25A20.35. Chicago Livestock Market. CHICAGO. May 26.-rHoss Receipts 8000. easy, 5c lower thsn yesterday's average. Bulk. $15.45 15 95; light, $i4.5iria.ia; mixed, 15 :W 16.05: heavy. $1 5 25 tf 16.10 ; rough. $15.2518 15.40: pigs. $10.5014.5O. tattle Keceipts too. steauy. -hut we cattle. $9 4013 60: stockers ana teeners. $7 40610.30: cows and heifers. $6,504)11.40: calve., f 10.50918 65. hi-fp Keceipts loou, steaoy. .inur.. 12. 25w 14.75; lambs, $13017.25; Springs, $14.50 21. Cotton Market. NEW YORK. May 28. Spot cotton steady. Middllnir. 22c. OVERBEGK & COOKE GO. Brokers. Stocks. Bonds. Cotton, train. Etc. Z18-I17 BOARD OF TRADE BLDG, MEMBERS CHICAGO TRADE BOARD Or Correspondents of Logan A Bryaa. Chicago and New York MEMBERS New TorV Stock Exchange Chicago Stork Exrbangs Bokton Stork Exchange Chicago Board of Trails rew York (Jotton Exrhangs New Orleans Cotton Exchange Mew York Coffee Exchange New York Produce Exchange Liverpool Cottam Am' a. II 'I TRAVELERS' CC1DE. . .1 N PALACES PORTLAND TO SAU FRANCISCO Tuesday, Thursday, Saturday Csl. Str. Express lesves 9:30 A. M. : ar rive San Francisco 3:30 next day. One way fares. $8. $12.50. $15, $17.50, $20. ROUND TRIP, 832. North Bank, 8th and Stark. Station, 10th and Hoyt. HrjrFIa - 8d and Mor., N. P. Rjr. OlrlCi.3 . 848 ivssh.. g. N. Ry. 10O 3d, Burlington Ry. ALASKA Ketchikan. Wrangel. Juneau. Douglas. Haines, rikagwny. Cordova. aides, Sew ard and Anchorage. CALIFORNIA Via Sesttle or San Francisco to Los An geles and San Diego. Largest ships, un equsled service, low rates. Including meals and berths. For particulars apply or telephone PACIFIC STEAMSHIP COMPANY. The Admiral Line. Main 26, Home A 4596. 124 Third St. STRALIA Honolulu, Suva Now ZUn.1 Kesulsr Sailings from Vancouver. B. C, the Palatial Passenger bteaaners at ths Canadian-Australasian Royal Mail Line. For full Information apply Can. Pac. Hall way, 85 Third St.. Portland, or Uenerxl Agent. 44t beymour bt aaaaeouver. as. u. COOS BAY ECREKA. SAN FRANCISCO S. S. KILBURN "Emerald I. Ine" P. M. Tl'EfiUAY. MAY 29 North Pacific S. S. Dock Near Broadway Bridge and lt4 Third St. Phones Broadway StO. A 5422 by