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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Aug. 11, 1918)
TITE SUNDAY OHEGOXTAX, PORTLAND, ATJGIJST 11, 1913. 15 ORANGES VERY. HI Outlook Is for Continued High Price Range. SUPPLIES SOUTH LIMITED Close and Early Clean-Tp of Yalen. claa Predicted Lf mon Con sumption Curtailed by Re strictions on. Sugar. Til orange market situation at this Urn Is a decidedly strong one. In tact, much I menced In many localities with the flneT promised outturn being attained. Insuffi cient rain has caused some deterioration In Sprint crops, but despite the dry weather, the outlook on the whole la of a generally favorable nature. "Spain Harvesting returns show great variation. Soma districts have fine crop. but generally the harvest can be classed only as moderate. This ta comparatively favorable, as the early outlook was very pessimistic. "United Kingdom Rain la needed for all growing crops. Harvesting Is under way In the south of England. 4 Wheat promise Is very good, but oats have suffered materially from drouth In certain sections. Last re. ported condition of crops was much better than at this time last year. As a reault of the recent drought It la expected that the yield of barley and oata will be slightly below the average. "Roumanian Wheat yield was reported as under the average. Corn waa said to be backward, but latest indtcatlona ibow the erop to be recovering." Terminal receipts. In oars, were reported by the Exchange as follows: W eat Barley Jlour.Oata. Bay. f tj-p rela- au-onger than usual at this stage of season. Prices for months have been tlvety high, Valencia the only sort now available at present going at 17 to ts.60 in the local trade, and the Indications are that values .during the Fall months will be well maintained. A further lift In quotations would occasion no surprise, but for the time aone Is predicted. summary of the supply situation In the South ehoa-s the fundamental strength of the market. A late bulletin from the Cali fornia Fruult Growers Exchange says that shipments of oranges to all markets In August will not run over 20 cars a day, and that allowing for this amount there will remain for shipment during September, Oc tober and November, or until new naval are available, not to exceed 800 to 800 cars. This showing compares with supplies available for the months named In other years about as follows, according te the exchange bulle tin: Tear 1914 into earsITear . 11 2000 ears Year IfcoO cara, Year 1817 eou cars Portland, eat.... 45 Year no l' l Total this week. 238 S Year uro 18 Z Season to date. .419 43 Year aro . 11 Tacoma. Friday. 11 1 Year ago 1 ., Season to date.. 118 t Year ago 103 Seattle. Friday , Year ago It 1 Season to date.. ISO IS Year ago 07 18 4 1 20 180 7T 4 188 140 1 3 18 13 77 85 1 4 ss IS 'J B4 2 21 1 SS 41 405 127 5 48 117 54 12t S87 Available after September L From this showing It is obvious that ranges will be more or less scarce during the remainder of the season. Last year there were considerable quantities of Valen cia remaining after the opening of the naval season In November. This season the Indication are for a close clean-up, and pos sibly some time before the movement of Bavals begins. In the lemon market the situation Is quite different. There are plenty of lemons here and elsewhere, and the feeling naturally la asy as compared . with conditions In the range trade. Nevertheless, the outlook la hardly such a to occasion any apprehen sion and present valuea, the local range be ing 18 to J10.00 are holding In a fairly steady way. For the comparatively easy tone la the lemon market the regulations of the Food Administration regarding sugar consump tion ara la the main held responsible. The nse of lemons in almost any way necessi tates a considerable consumption of sugar; specially la this the case with lemonade. which usually I popular during the hot Bummer months. This year, beyond any question, there was a draatlo out all over the country In tha consumption of this Summer beverage on account of the eugar restriction, and that restriction atlli holds and operates In no small way against the consumption of lemons. What changes. If any, will take slaoe In the lemon trad the future will make known. "Dealers are not making any definite pre diction, but tie prospect la for a more or less steady te easy market during the re. maunder of the year. Coarse Grains to Bo Graded. George H. Baston, of the United States Bureau of Markets, Department of Agricul ture. Is In the city gathering data relative to oats production In the Northwest prepara tory to the establishment by the department of official grades to facilitate the market ing of this cereaL Official grades on wheat and corn already have been established and It Is the purpose of the Department of Agri culture to extend the system to oats and barley. The Investigations relative to barley In this connection in the Northwest are be ing conducted by John H. Cox. Bank Clearings. Bank clearings of the Northwestern elltles yesterday were as follows: Clearings. Batancea Portland . . 2. IMS. 511 5'J7.Cu9 Seattle 4,701,'J44 873.7M Tacoma 620.13 81.1)5- Spokane 1, "86.270 839,05:1 PORTLAND 11 A K K E 1 QUOTATION'S .. Grain, Floor, Feed, Etc. Merchants' Exchange, noon session. August delivery: Oats " , Bid No. 2 white feed fOS.OO TRsrlev Standard feed M SO 0O.UU WAR BOOHS STOCKS Successes in France Send Val ues Sharply Upward. U. S. STEEL IS CONSPICUOUS Other Issues Also Score Substantial Gains; Bank Loans Show In crease; Liberty Bonds Are Steadily Stiffening. PEACH MARKET SLIGHTLY TTEAKEH. Supplies Are Fairly Liberal and IPrnnnnd I " Baportrd Moderate The local market ws fairly well supplied with peaches yeatertay, but dealers reported a demand hardly sufficient to efzeot a clean up, and as a consequence there waa a alight' ay easier feeling generally. In pricea, how ever, there waa no material recession, the beet California Crawford and Elberta going at II M to 11.50. while email t good-slxed Vorthera-growa stock sold at an extreme range of eu cents to 11.23. Arrivals Included no carload of California. Peers were steady at going prices, IS. 28 te $3 60 being the range quoted hens on beat California and Northern Bartletts. No lot arrivals were reported and there were no excess stocks en hand. The movement of tee fruit ws moderate and la expected to remain se until there la a material Increase ta off ertnga California reported heavy Bart- lett shipments te Eastern markets, where prices for the most part were about the same as thooe quoted here. jiiaioupe were easy at the elos Tester- asy, with prices in some eases reduced somewhat on over-ripe stock. Dealers quoted an extreme range of f 1.7S to (2.7o, and sup plies on the whols were rather heavy. There area a moderate movement. The watermelon market, as for several days, waa rather unsettled, with a limited trade at ti to 1125 a hundred. Apples ef good slxs and quality were a fair eeller at 12 So to $3. but the trade waa pretty well loaded up with Inferior stock, on which low price had to be quoted ts effect movement. Small else In soma esses sold at as low as TS eenta. Grapes were tn moderate supply and held afeeut steady at 82 te S3 28 a crate. BT7TTEB RECEIPTS SHOVf DECREASE Reports From Leading Centers Show Mar ket Is Statistically Strong. Tnr1ng the week closing Saturday. Angust B. there waa an uncertain feeling In the utter market," says a United States Bureau f Markets bulletin. "At Boston and Phila delphia price remained steady throughout the week, with a light demand, especially at Boston, for the lower grade. At New Tork and Chicago there was a decline of m sent H cant en some so ore Butter scoring M declined sent at New Tork and cent at Chicago The sioetng prtee of 2 oore butter waa 44 cents at Now Tork. 43 Sa ents et Chicago and 44 seats at B oa ten and Philadelphia. The total receipts at the four market for Che week were 1SS.TST tubs, a compared with 179,162 tub the previous week and 214.782 tubs the second previous week. This Is a decrees ef 13.889 tubs under the re ceipts of the previous week and 4S.9M tubs under the receipts sf ths second previous week. The decrease was general at all mar ket with the exception of Philadelphia, where receipts were 1790 tube In excess ef the previous week. Since March 1 there have been received at the four markets 3.864, 9CT tuba "The net increase tn storage stock for the week was S3.247 tubs, a compared with SO.S2S tubs last week, which Is a decrease Of 15.279 tuba It was reported that softs shipment arrived at ths market tn a dam aged condition, due to the warm weather. At the close ef business on Saturday, August 8. ths general tone of the market was steady to firm at closing pricea- COARSE ORAL GENERALLY STRONG fcastera Cora for Angust and September Delivery Quoted Higher. At the Merchant Exohange yesterday wrlday'e quotatlone on oata and barley were still In force, but tbsre waa an sdvaaoe of SO cent on Eastern com. for both August and September delivery. The day's salee Included one lot of 20O tone of feed barley, September delivery, at IJ4.50, and one of 200 tons. August delivery, at the same Cgur. BroombaH reported aa follows: "Italy Harveettrg continues to make rapid headway and Is described as being good to average. There have been some complslnts from Northern Italy, owing to excessive oampnesa. In Southern Itsly. how aver, an abundant crop Is predicted, and where harvesting has taken place the re turns ooDflm thle prediction. "France The appearance of Winter cereal rope la excellent. Harvesting has oat- ..... Eastern oat and corn in bulk: - Oats No. 3 white R2.no 38-pound clipped white 03.23 No. 8 yellow 70.00 No. 3 mixed 87.80 September delivery: Oats No. 2 whit feed 88.00 Barlev Standard feed 84.00 "A" 65.00 Oats No. 3 white S2.00 88-pound clipped 63.00 Corn No. a corn vellow 70.00 Corn, mixed 67.50! WHEAT Government basis, (2.20 per bushel. FLOUR Straights, 310.93911.15 per bar rel: whole wheat. 810.80: graham. 39.900 10.35; barley flour. 1152 per barrel:, rye flour 311.60012.50" per barrel; cornmeal, S11.40rl2 per barrel; corn flour. 3)2.200 13.40: oat flour. 312.50912.78. MILLFEED Net mlllfeed prices, earlote: Bran, 331 per ton. shorts, 133 per ton; mid dlings. 333; rolled barley, 370; rolled oata 169. CORN Whole, $75: cracked. 7S per ton. HAY Buying prices f. o. b. Portland: Eastern Oregon timothy, $34 per ton; Val ley timothy. $2; alfalfa. $2827; Val ley grain hay, $28w2s; clover. $28928; straw. JU310. Ialry and Country Produce. BUTTER Cubes, extra. 48 940c; sec onds. 44c; prints, extrs. box lota. 62e: car tons, box lots Mo; half boxes, Via more; less than half boxes. 1c more; butterfat. No. 1, 55c per pound delivered Portland. EGGS Oregon ranch current receipts. 47$48d; candled, 49c; selects, 60a psr dosen. IHLtai!, joooers ouying prices, k. o. . dock. Portland: Tillamook triplets. 25c; Touni Americas. 26c per pound: Ceoe and Curry, f. o. b. Myrtle Point; Triplets. 24 Vic. Young America. 25 Ho per pound; long- horns. 2 He per pound. POULTRY Hens. 23 9 23ol broilers, ZotJ 27c. duck, geese anu turkeys, nominal. VEAL Fancy. 18le per pound. POHK Fancy, 23140240 per pound. NEW TORK; Aug. 10. Shorts were sgaln hurriedly driven to cover In today's brief market session, the further retreat of the Germans and the capture of Montdidlar by the allies causing another uprush In the more distinctive equipments snd war shares. United States Steel waa the conspicuous fea ture, displaying much of Its recent vigor at a steady advance of 11, points to 112, Its top price since last May. Other active stocks at gains of substan tial fractions to 2 points were Bethlehem and Crucible Steele, Baldwin Locomotive, Anaconda Copper, United Cigars and ship pings, especially Marine, although the latter yielded much of Ite advantage at the end. Ralls regained their recent backwardness. although showing a firm to strong under tone, and the more volatile specialties were represented by General Motors at a 5-point decline. Sales amounted to 223.000 shares. The most lnterestina item bearing upon Industrial conditions was the July tonnage statement of the United Statee Steel Cor poration, which disclosed a steady, moder ate decrease In unfilled orders In compari son with the very large gain registered In June. Actual bank loans Increased bv 'the large sum of $152,000,000. making a total Increase of $125,000,000 in the past three weeks. nonas were strong. Paris 6s gaining a point and liberty Issues stiffening on the sustained strength of the Sijs. Total sales, par value, were $3,075,000. united states bonds were unchanxed on call during the week. Final prices on llbertv bonds were: 8Ws. 100.02; first convertible 4. 94.26; second 4a, 94.04; first convertible 4!is. 84.30; second convertible 44s. 94; third, 4s, 93.60. CLOSING STOCK QUOTATIONS. Closing sales. High. Low. 200 70 70 1500 47 47H 1.3IH) 5H 8.1's 1,200 07 1.700 70 hi To is position to await the Government erop re port and not to risk exaggerating the pros pective curtailment of vleld. Nevertheless, the fact that big reductions in the Govern ment estimates were inevitable kept the market buoyant until after rains bad be come general and the hot wave had reached an end. Then the increasingly auspicious nature of war developments helped further I to ease down the market. Eagerness to buy oat sprang from tha flurry about corn. damage. The trade as sumed that growers might hold oata tena ciously owing to losses of the other cereal. Nearness of the Government maximum limit had a bearish influence on provisions. which were further depressed by the trade commission report advising snlarged Fed eral control. CORN filET SAGS Rains in Middle West Have Bearish Influence. OATS ALSO CLOSES WEAK Naval Stores, SAVANNAH, Ga., Aug. 10. Turpentine firm. 63o: sales. 224 barrels; receipts. 857 barrels; shipments, 33 barrels; stocks, 27,814 I Provisions Gain on Strength DlS- oarreis. Rosin firm: sales. 80S barrels; receipts. 1207 barrela; shipments. 145 barrels; stocks, 79.615 barrela Quote: B, $10.05 10.20; D, $10.1010.20; E, $10.20: F, $10.26310.85; G, $f0.303 10.47 tt ; H, $10.60; I, $10.55; K, $11.05; M, $11.25; N, $11.55; WG, ,11.70; WW, $11.80. LIVESTOCK- PRICES HOLD DEALERS REPORT ALL LIJfES FIRM AT WEEK'S FIXISH.- Clostng Day's Arrivals Light and Trade Limited Quotations oa Fancy Lambs Raised. 4.400 200 600 "466 "56b Fruits and Vegetable. Local jobbing quotations: FRUITS Oranges, Valencia. $798.60; lemons, $8010.50 per box: bananas. 80 per pound; grapeiruit, so.uueyo.uu; canta loupes. $232.50 per crate; watermelons. 202tte per pound; peaches, 75c9$l-50 new apples. $1.2593 per box; plums, 3J0 2.23 per box. apricots, ti per nox; pears, ti.jo 8.50 per box; easabaa, 4o per pound; grapes. oer crate. VSOBTAuLbb Tomttou, locwsi.uv per crate, cabbage. 4C4feo per pound; lettuce, $2.603 per crate, cucumbers, i5c6$l per box; peppers, 10c per pouna; peas, 120 120 per pound; Deans, luaiio per pouna celery. $1.25 per dozen; Summer squash. $1.25 crate; eggplant. 100 per pound; corn, 32.50 per crate. POTATOES ."sew, 1j.20si.10 per Hun dred. UNIONS Walla Walla, $2.73 03.00; Call' 92.23 per eratsv Staple Grocei Local lobbing quotations: SUGAR back basis: Fruit and berry. $8.05: beet. $4.73; extra C, $7.83: powdered. In barrels, ls.75; cubes. In barrels. SS.98. NUTS walnuts, sue; Brazil nuts, ise filberts. 20c: almonds. 18923c; peanuts. 19c: cocoanuta. $1.60 per dozen. SALT Hall-grouna. luus, io.o per ton: 60s, $17.25 per ton; aairy, t-3 per ton. RICE Blue Rose, ii.mouc per pound. BEANS Jobbing prices: Small white. lSVOWVc: large white. 12c; bayou. 10c; lima. 13c: pink. 9c Oregon basis, buying prices: White, struo; coiorea, to. CUJTI AZnosilflU, in uruzus, jiidmo, Provisions. Local Jobbing quotations: HAMS All slses. choice. 85Hoi standard, S4So. skinned, none; picnics. 200; eottags roll. Sle. LARD Tierce basis, standard pure. S7ttc: compound, 23c BACON fancy, 00101 Stan a arc sure 4945o: choice, 84 9 41a dry salt snort, clear sacks, Z988es: exports, ua Bops. Wool. Eta. HOPS NcminsL WOOL Eastern Oregea, S95Soi Taller. B4(rlc per pouna. UUHXlM ursgon. aew sua. SBo MURd. CAM.XIU jsann. niv ana sia. 11 act pound. tallow in. 3. isc par aouaai s. a lie per pouna. GRAIN BAGS Carlof. ISHS. Rides aad Pelt. HIDES Salted hldea, 38 pounds and an. IBe: salted etaga 60 pounds and up, lie; salted and green kip, 18 to 36 pounds, 160; salted and green calf, to 15 pounds, 25930o; green hldea 25 pounds and up, 12o; green stags. 60 pounds snd up, 9o; dry flint hides. xac; ary mm can. ic; norseniaea. sI-aOCs salted borsehldea. $3 94. PELTS Dry long-wool pelts. 40o; dry short-wool pelts, 23$80o; salted pelts. May laaeorr, ss c Oil. GASOLINE Bulk. 21o; engine distillate bulk, 12o; kerosene bulk. 10c; cases, 20c LINSEED OIL Raw. barrela S2.01: cases. $211; boiled, barrels. $2.03; eases. $213. turpentine la tan ks, 7o; cases, 88c Clearing Rons Bank Statement, NEW YORK. Aug. 10. Actual conditions sf Clearing - House banks and trust com panies for the week shows thst they hold $40.83U.8SO reserve In excess of legal re quirement This Is a decrease of $14,892,- 810 from last week. Chicago Butter Quotatlone. CHICAGO. Aug. 10. Butter, firm. Re- eelptc.8611 tubs. Creamery extras, 44o: eecond. 8die941o; Am Beet Sugar. American Can.. Am Car 4 Fdry American Loco. Am Sm A Refg. Am Sugar Kelg. Am Tel & Tel.. Am Z L & Sm.. Anaconda Cop.. Atchison A G & WISSL Bait 4 Ohio ... B & S Copper. . California Petrol Canadian Pactf. Central Leather Ches & Ohio... Chi M & St P.. Chi & N W . . .. C R I & P ctfs. Chlno- Copper. .. Colo Fu A Iron. Corn Prod Refg. Crucible Steel .. Cuba Cane Sug.. Distill Securities Krie General Electrlo General Mutors. Gt North pfd. .. Gt Nor Ore ctfa Insplr Copper.. Int M M pfd... Inter Nickel ... Inter Paper . ... K C Southern.. Kennecott Cop. Louis A Nash . . Maxwell Motors Mexican Petrol. Miami Copper.. Missouri Pacific. Montana Power Nevada Copper. N T Central ... N Y N H A H .. Nor A Western. Northern Pacif. Pacific Mall ... Pennsylvania .. Plttsburx Coal.. Ray Consol Cop v Reading 5.400 Rep Ir ft Steel.. 10,100 Rhat Aria Cod... Southern Paclf. Southern Ry Studebaker Co.. Texas Co Union Pacific... r S Tnfl Alcohol 1" S Steel Utah Copper .. Wabash pfd B.. Western Union . Westing Electrlo Bethlehem B. .. 600 82 67 84 104 163 1,800 46 1,200, 900 7,500 RHO 2,600 200 700 1,000 3,100 11,400 400 47 44 69 30 69 14 vs 145H 150 62 100 80 1 'hi" 84 104 '23 153-" '45 46 ' 44 67 30 58 14 145 148 62 P 80 1.000 84 83 200 1.400 1.100 "sod "boo 2S 3 40 '88 '" 28 22 89 "ss"' 43' 1.200 500 t.ciO ' 1.BO0 2 sno - l.ono 10,300 . 400 l.r.oo 9.100 89 . 83 8" 23 4.1 153 122 129 112 61 41 85 80 93 S5 23 45 K.2 128 111 81 41 S4Hr bid 47 3 07 71i 110 Vi 17 84 104 54 23 IS V 1.13 07 66 4.1 92 a: 4B 44 6S 30 59 14 143 147 90 V; ST 52 .99 30 17 34 113 28 102 23 2.1 60 110 72 40 103 SI 20 44 51 2:i S9i 93 16 8.1 23 4a 1.12 122 12S 112 81 2:1 77 41 80 Oct. Sept. Oct.. Sept. . 8ept Oct. Sept Oct Total sales for the day. 223,000 shares. BONDS. TT a rmt reg 98 IN P 4s firsts. 41v4'Jo; standards. 44t?44 o. Spot Cotton Quotations. NHW TORK. Aug. 10. Spot steady. Mid dling. $33.20. New Tork Rop Market. NEW TORK. Ang. 10. Hops, unchanged. Dultrth Linseed Market. DTJLUTH. Aug. 10. Linseed. $4.83. 81 68 17 94 80 no ) do coupon ...'1UH u h oteei am vy V.hl,Ji 4a 80 S P cv 5s 90 V. m r. n a Ra Aneio-French 5s 94 i NYC deb 6s.. 4U S Lib 8s. .100.02 do coupon U S 8s reg do coupon Tj S 4s reg n IN p 8a . . 98 P T A T Be... 9! Penn con 4.. lnau, U P 4s . .MOriXlU 8 Steel 6s . . . Bid. Boston Mllnlng Stocks. BOSTON. Aug. 10. Closing quotations Alloues 49 Arizona Com lj,. Calumet A Arts .67 Cal 8t Hecla ...431 1- 48 10 4 ..6$ ..67 ..14 Old Dominion. Osceola ........ Qulncy Superior ....... Sup & Boston .. Shannon Utah Cons inoni .24 IWolverlne Granby Cons 42 .50 .69 ..4 -.4 ..8 . . 1 .24 80 Greene Cananea 42 Centennial Copper Range East Butte .. Franklin Isle Royalle .. Lake Copper . Mohawk .... North Butte . Money, Exchange, Etc. NEW TORK, Aug. 10. Mercantile paper unchanged. Sterling, 30-day bills, $4.73; others un- eh.ns-ed: demand. 34.76 1-10; cables, $4.77 1-16; Francs, demand, 5.68; cables, 5.66. Guilders, unchanged. Lire, unchanged. Bar silver ana Mexican uouara, uucuaugeu. LONDON, Aug. 10. Bar sliver and money and discount rates unchanged. WAR NEWS BENDS SECURITIES UP Cnited States Steel Reaches Highest Point Attained la Weeks. NEW TORK, Aug. 10. Despite the many Interesting development trading In eecurl ties waa only slightly la sxoees sf ths pre ceding period, whioh marked the low level of the year. Intense heat redueed the Interest sf trad ars and Investors to extremely moderate dlmanelons, but prieee more than held, mainly as a result ef the Inspiring war newc Ralle emerged from their long seoluslon, hardening on signs of a satlafaotory adjust ment of the more eerloue differences be tween the ownerc sf such securities and ths Federal authorities. United States steel was ths barometer ef the Induetrlal group, attaining Its maximum quotation of several weeks la the face of extensive realising for profit. Affiliated eharee made favorable re sponse te the high pressure prevailing in the steel and Iron Industry, but coppers and related metals yielded moderately after the failure of the War' Industries Board to ad vance prtcea Pools operated In desultory fashion, eon- fining their occasional activities te tobaocoa. oils snd miscellaneous issues, without elicit ing much responss from outside cirolea Shippings were dormant most of the time, but were spurred Into promlnenoe later on a sharp rise in Marine Preferred. Restrictions urged against credit by the local Federal Reserve Bank had the effect of curtailing time money offerings to re newals for small amount. New financing was. undertaken for minor industrial and utility companies, but Invest ment Inquiry waa limited. HOT WEATHER BOO8TS CORN PRICES Anspleloao War News, Rewever, Operates as Mitigating Influence CHICAGO. Aug. 10 Record-breaking heat and temporary drought this week have made the corn market Jump. Auspicious war newc however, operated as a mitigat ing Influence Prices this morning, com pared with a week ago, were le to 6c up. Oats showed gains 01 c to 2c and pro visions a setback varying from 2c to 13c Fear of widespread and severe croD dam age brought about excited rushes to buy corn, and at first all other piioe-makinar factors were temporarily Ignored. Later, however, notwithstanding continued torrid weather, the trade showed considerable dis- Ltvestock dealers reported the market firm on all lines at ths week's close with the demand for quality stock in excess of ths supply and prices In all divisions holding Sept In the best of shape For prims steers ths past week $11.75 to $12.75 were the extreme quotatlone other grades of beef stuff ranging down accord' ins to weight and quality. Best hogs held firmly throughout the week at the record figure recently established. $18.15. On hogs more or less off in quality quotations ranged from $18 up. There was a slight stiffening In ths mar. ket on some grades of mutton stock toward the end of the week, lambe In particular, which at tha wind-up were quoted at $13.50 -to $14.50. eastof ths mountains offering Receipts yesterday were 50 cattle, 100 hogs and 50 sheep. Receipts for the week totaled s3 carloads. The day's sales included the following: Weight. Price. Weight Price. 2 steers... 1000 $ 7.25 2 cows 670 $ 4.00 1 steer.... 720 6.00 I cow 870 4.25 1 steer.... 1090 10.001 cow 11H0 8.00 1 cow 750 6.00 3 cows. ... 950 7.25 lcow 800 6. 7i2 calves. . . 100 11.00 frices current at the local yards are as played In Hog Market Inter est Is Confined Mainly to jLard and ( Ribs. CHICAGO. Am. 10. Bharn declines took place In the corn market today, chiefly as a result of welcome rains and seasonable temperature Opening prices, which ranged from o to lc lower, with September $1.60 to $1.61 and October $1.61 to $1.0 were toiiovea oy material ioiiMt;nit Expected dellvenee on contracts naa weakening Influence on oat After open. ng o to c off. with September on to 69 He, the market receded still more Firmness in hog prices gave strength to provision Interest was mainly In lard and rib Car shortags complaints received some attention, but failed to bring about any as ting rally. The market closed weak, 2 to 2c net lower, with September $1.58 to $1.59 and October $1.60 it 1.60. Leading futures ranged as follows: CORN. Open. High. $1.00 $1.61 L61 1.62 OATS. .69 .69 .70 .70 PORK. 44.40 LARD. 26.75 . 26.75 RIBS. 24.55 24.07 Cash prices were: Corn No. 2 yellow, $1.83: No. S yellow, $1.78: No. 4 yellow. $1,7341.78. Oats No. 8 white, 67K0c; stanaaru, 67 9 69c. R V No 2. S 1.00 fv l.DT. Barley, flOcatl.02. Timothy, $899. Clover, nominal. Pork, nominal. Lara, $26.60. Rib $23.30924.50. 43.90 26.62 26.70 24.40 Low. Close. $1.68 $1.68 1.58 -1.60 .68 1 -vlsSi -.60 .69 43.90 44.40 ' 28.62 ' 28. T5 26.70 . 20.75 r 24.40 24.83 20.87 24.67 Minneapolis Barley Market. MINNEAPOLIS, Aug. 10. Barley, 92c 9 $1.09. follows: Cattle Prime steers Good to choice steers Medium to good steers Fair to medium steers Common to fair steers ........ Choice cowe and heifers Med. to good cows and heifers Faid to med. cows and heifers Canners Bull A Calves Hogs Prime mixed Medium mixed Rough heavies Pics Sheep East-of-the-mountaln lambs . . Valley lambs Vearllngs Wethers wei Price .$11.75il2.73 . 10.75 11.75 . .5(Ka 10.75 . 8.50 1 9.50 . 6.50' 8.5U . 8.00 8.50 . 6.00W 7.50 . 5.00 W 6.00 , 3.00S 4.50 . 6.50'tf 7.50 . 7.0U' 11.00 . 18.50W19.15 . 18.00(913 25 . 16.7317.00 . 16.00918.50 $18.50914.50 . 12.50 Su 13.00 8.50ft 9.50 . 6.009 8.00 GOLD DESERVE GROWING FEDERAL BANK HOLDINGS SHOW MARKED INCREASE. DESTINATIONS OF LIVESTOCK LOADED Shipments te Leading Livestock Markets of United Slates. Destinations of livestock loaded August 9. (Double-decks counted as two cars) : Cattle. Horses, Mixed Calves. Hofrs.Sheep.Mules,Stock. Boston 7 Buffalo 19 Cedar RaDlds. . 8 Chicago 843 Cincinnati Cleveland ...... Curtahy ....... Detroit East St. Louis... Fort Worth ... Indianapo'is . .. Jersey City ... Kansas City . . . I.OS AnreUs . . Louisville New York . . . . Oklahoma City. Omaha Pittsburg St. Joseph ..... St. Paul San Francisco.. Sioux City Wichita Various Totals 2008 One week ago. 1468 Four weeks ago.1245 Amounts Swelled by $820,000,000 With in Fast Year and Process Still Continues. ' WASHINGTON, Aug. 10. Gold reserves held by Federal reserve banks have In creased $020,000,000 within the last year. now amounting to $1,990,301,000, and still are arrowing steadily, according to the Fed. eral Reserve Board's weekly statement showing the banks' condition at the close of business last night. The report shows th following: Resources. Gold In vaults snd In transit.. $ 895,410,000 Reserve Board Gold with foreign agencies.... 606,354,000 9,696,000 r3 2 1 24 11 18 .... 8 .... 180 210 T ' 8 7 7 1 .... a 14 8 6 4 28 1 .... 7 19 1 .... 1 42 73 1 IS 8 22 5 T 19 42 " 12 13 6-10 1 .... 103 102 12 8 1 5 "t "is '"i '"h 19 39 1 62 .2 75 11!) 12 .... 9 24 23 2 .... S 27-49 1 3 1 46 9 .... 1 39 12 5 89 89 190 8 .... 1 1 28 1 1 883 77 146 118 7 1212 478 163 132 1023 813 162 121 1283 414 06 104 Total gold held by banks $1,011,460,000 Gold with Federal reserve ag'ts 940,692,000 Gold redemption fund 88.149,000 Total gold reserves .$1,990,301,000 Legal tender notes, silver, etc.. 64,222,000 Total reserves S2.044.623.000 mils discounted ror members and Federal reserve banks... 1.832.478.000 Bills bought In open market.. 208,557,000 Total bills on hand $1,511,030,000 u. a. government long-term securities 24.931.000 u. a. government snort-term securities 17.404.000 All other earning assets - 102,000 Total earning assets 81.953.407.000 uncouectea items taeauct xrom trrofes deposits) 584.768.000 rivo per cent reaeznption xuna against r . rt. bank notes 735.000 All other resources 11,410,000 Total resourcss .$4,234,893,000 State origins 01 iivestuca loaueu August v. I Capital paid In uattle, norse mixed I Surplus CaiveS-H0g.Sheep.MuU3. Stock. Government deposits For Portland Liabilities. California Idaho Oregon Washington .. Tla Portland One week ago. Four weeks uko For Seattle Waahlugton . . . Ttls. Seattle.. One week ago. Four weeks ago. For Spokane Washington ... Ttls. Spokane. One week ago. Four weeks ago 76,879,000 1,134,000 179.1)78 0(1(1 Due to members, reserve acct.- 1.42O.70R.OUO collection items 430,647,000 Other deposit Including for eign government credits 127,050,000 Total gross deposits Federal reserve notes In actual circulation Federal bank notes in circula tion, net liability... - All other liabilities Total liabilities , $2,161,080,000 1.955,276,000 13,718.000 26,811,000 .$4,234,893,000 Ratio of total reserves to net deposits ami Federal reserve-note liabilities combined, 67.9 per cent. Ratio of gold reserves to Federal reserve notes In actual circulation, after setting asiue oj per cent againai net ueposlt liabil ities lo.o per cent. . BAN FRANCISCO PRODUCE MARKKZ Prices Current on Eggs, Vegetables, Fresh Jtrult, ite., at Bay City. SAN FRANCISCO, Aug. 10. Butter 49 9 53c. Eggs Fresh extra 60o; fresh sxtra pullets, 43 c. Cheese New first 24c; Young Ameri cas, Oregon, 270. Poultry Hen 80981c; rooster young. 88c; broilers, one-pound, 40o; fryer 88o; pigeon $2-0; aguiui, $2.50; geese 21023c; turkey live 23(uV28c Vegetables Green peas, 89 Bo: asparaau nominal; Summer squash, 75o9$l lug box; eggplant. 50750 lug box; pepper bell, 60600 lug box; chile. 60975c lug box; to matoe lug 76o$l; lettuce, 90o 81.23 crate; celery, nominal: potatoes, white $2.60 cental; sweet. 897o; onions, new. red, $1.5iU'l.ou cental; new yellow $2,259 2.60; garlic, loo: cauliflower, 40960c dosen; beet new, 75c3i..!5; carrot 6uc9$l; tur nip new. 6697601 rhubarb. $1 per box; cabbage 191c; artichoke $2.50(i4 large crate; cucumber 90o9$L23 lqg box; string beans, green, 495c; wax, 496c; lima, 697o; okrc 8'o loe; cantaloupe Turiock stand ard $1.6091.75; green corn, $2 9 2.25 sack; watermelon ft-auto-a per aosen, casabs melons, 2o. Flour $1L20; wheat. Government, $3.50; barley, new crop milling grade $2.5592.60; oats, red feed and seed, $2.60 9 2.55; corn, California, yellow, nominal. Fruit Lemons, tancy, 10 OT per box: S4iAll hn' Mane-H V.t....a Montana Candidates File) Notice ' 1 16.5097.50 box; banana Hawaiian, 697c; Chicago Livestock Prices. CHICAGO. Aug. 10. United States Bureau of Markets) Hogs Receipts, 7000, 10c higher; average top, $20.05; butchers. $19.25 9 20; light. $19.509 20 05; packing, $18 259 19.15; rough, $17.75918.3; bulk. $18,509 20: Die 818918.50. cattle Keceipt :ui; steers above lis. Jo snd top class of butchers' cattle with the close. of last week; othera unevenly lower, middle-grade steere as much ss 100 under the best time last week; calves, steady. Sheep Receipts, 8000; lamb 83950c higher than a week ago. Yearling little changed; sheep, strong to 25o higher. Omaha Livestock Prices. OMAHA, Aug. 18. Cattle Receipt SOO, steady. Native steers, $10918; cows and heifer $7911: Western steer $9915.60; Teas steers. $8.60911.60; cows and heifer . 88.6099 60: canner 35.5096.30; stockers and feeder $812: calve $99 12.60; bull stag etc.. $5.60 91L60. Hogs Receipts. 7600. Market strong to 100 higher. Heavy. $18 918.40: mixed, $18.16918.25; light, $18.25919.15; pigs. $189 IS; bulk of sales, ns.iowis.zo. Sheep Receipts, 100. Market stesdy. Wether $12.60913.50; ewes, $10.60918: lamb $18.15917.75; yearling $13,509 14.5 . SENATOR SEAT IS SPURNED MORRIS BROTHERS, Inc. Established 25 Years 201 Railway Exchange Building Portland, Oregon THE PREMIER MUNICIPAL BOND HOUSE OF OREGON BOND BULLETIN NUMBER 73 If yon must SELL 7our Liberty Bonds, SELL to US. If yen caa BUT more Liberty Bonds, BUY from Us. We buy and sell 1 Liberty Bond at the market. Tba closing- prices of LIBERTY BONDS on the New York Stock Exchange tor week ending; Friday, August 9, were as follows: SUS . 1st 4s 2d 4s 4 Us Saturday 99.98 94.36 93.46 95.38 Monday 99.98 94.34 93.B4 95.18 Tuesday 99.96 94.34 93.54 9S.18 Wednesday 99.98 94.18 93.46 94.90 Thursday 99.38 94.24 93.44 94.98 Friday 100.00 94.24 93.78 95 18 GOVERNMENT AND MUNICIPAL BONDS Rate Maturity Price Yield 188 tClty of North Bend, Ore., Imp.. 6 J&D 1923-27 103.04 5.40 600 tClty of Cornelius, Ore., Imp.... 6 J&J 1920-28 100.93 6.50 8,500 tAmtty, Oregon, Water 6 J&J 1D23-2S To Net 5.25 1,000 tCityof Astoria. Or.. Imp. Ser. No. 7 6 J&J 1921-22 102.75 6.00 1.000 V No. 9 6 J&J 1921-37 102.75 5.00 462 tAstorla, Ore., Imp. Ser. No. 10. . . 6 F&A 1923 103.04 6.30 461 t " " " No. 11... 6 F&A 192S 104.50 6.40 5,103 tClty of Astoria Imp. Ser. No. 13 6 F&A 1919-23 To Net 6.00-10 9.472 " " " No. 14 6 F&A 1919-28 To Net 6.00-25 48,148 - No. 15 6 F&A 1919-38 To Net 6.0O-S6 182 t Wallows, Oregon. Sewer 6M J&J 1928-38 103.10 6.10 6,000 'Ontario, Oregon, Water 6 M&S 1935 To Net 5.60 4,000 " " 6 M&3 1936 To Net 5.50 2.000 'Port of Newport, Oregon 5 J&J 1926 97.69 6.40 3,000 " 6 J&J 1926 97.43 6.40 6,000 " " 6 J&J 1928 98.94 5.40 3.600 tClty of Rainier, Oreson, Water 8 J&J 1933-27 101.02 6.625 28,000 Gooding- Co., Ida., High. A Bdge. 6 J&J 1926-35 102.87 6.50 4,000 Nes Perce County, Idaho 6 J&J 1933 To Net 6.60 6.000 " " " 8 J&J 1934 To Net 6.60 '1,600 fCoeur d'Alene. Ida., Refdg;.... J&J 1924 To Net 5.25 600 " ' " " - .... 6 J&J 1927 To Net 6.26 3,000 " " 6 J&J 1930 To Net 6.26 2,500 mm. ( J&J 1931 To Net 5.26 2,600 g J&J 1a32 To Net 6.25 1,000 " " " " .... f J&J. 1938 To Net 6.25 800 ICIty and County of San Fran cisco Municipal Street Railway 6 J&D 1948 100.00 6.00 25,000 Brawley, California, School.... 6 A&O 1923-39 To Net 6.40 2,000 'City of Edmonton, Alberta.... 6 M&S 1919 99.62 8.50 1.000 .... 6 M&S 1920 89.08 6.50 21,000 'Province of Manitoba 5 F&A 1920 98.144 6.25 8,000 City of Victoria, B. C 6H A&O 1934 87.12 6.86 4,000 " " '' 6tt A&O 1935 86.67 6.85 2.000 " " 6 4 A&O 193S 86.26 6.85 8.000 " " " hVt A&O 1937 85.88 S 86 6.000 " " 6V4 A&O 1938 86.60 6.86 1.000 'City of Victoria 8 ,M&d 1928 93.92 6.86 10,000 Clty of Moose Jaw 6 J&J 1953 76.61 6.75 10.000'tClty of Saskatoon 6 J&J 1943 79.01 6.76 35,000 City of Calgary, Alta 7 J&D 1928 100.00 7.00 73,700 Greater Winnipeg Water Dlst. . 5 J&D 1923 To Net 6.75 18,000 City of Prince George, B. C... 6 A&O 1D28-3S To Net 7.00 3,000 'Province of British Columbia.. 4V4 J&D 1925 89.65 6.25 The above bonds are direct liens of the municipalities Issuing; same. "Denotes fractional bond. tDenotes bonds of $500 denomination. 'Denotes bonds of $1000 denomination. Denotes bonds of $100, $500 and $1000 denomination. ' TELEPHONE MAIN 3400. $80,630 City of Lemoore California d Denominations $1000 $500 $313 $250 $150 $100 Optional July 2, viz.: whenever there is a surplus In the Improvement fund above requirement tor paying bonds regularly falling due at the next maturity date the city Is required to advance the maturity of a sufficient number of bonds to take up the excess fund giving not less than nine months' advance notice of calling for pay ment of July 2. Upon receipt of notice the holder Is entitled to make immediate presentation for payment and to receive full Interest to such advanced maturity (up to twenty-one months, but not less than pine months' up to 112.25, but not less than 105.25. interest) as a premium, 1. s.. Due Price Yield Doe Prlre Yield S063 JulyS, 101.70 BV4 $8003 July 2, 1024 '. 10(1.90 B4 03 1020 103.SO HY 80413 1025 107.10 R'ti 803 1821 104.10 BV4 8063 " H-' 107.10 BTs 8063 1023 10.-..30 SY, WMI3 - 1027 lO.0O 6 8003 11)23 105.00 5 8003 102S 107.43 6 Accrued Interest to Be Added Actual value (officially estimated)... Assessed valuation, 1017 Net debt Improvement Bonds (this Issue only) . , .$3,000,000 , . 020,074 12,150 80,630 ' Population, 2000. This is an old, substantial community, the center of a very rich agricultural area that has been farmed since 1870. The character of -Lemoore Is best illustrated by Its financial statement, showing a net General Debt of only $12,150, and by the fact that this paving improvement amounted to $160,000, HALF OF WHICH WAS PAID IN CASH BY THB PROPERTY OWNERS. Callable prior to maturity, but only on July 2. Redeemable at 105.25 up to 112.25, according to date of call. Approved by Heller, Powers & Ehrman, San Francisco. These bonds are the general obligation of Lemoore. Price to yield 5 fo to 6 o Income Tax Exempt Call or Phone for Circular LUMBERMENS TRUST COMPANY Capital and Sup.ri.us $600,000 LUMBERMEN UILDIN FIFTH AND STARK Withdrawal With Secretary. HELENA, Mont., Aug. 10. Edmund ntneaDoles. $4.50&5 dosen; spples, new crop. $2.002.50 box; strawberries, $810; cher ries, nominal; blackberries, $768; rasp berries, iodize; peacnes, hui.mi lug Box KO09berrles. nominal; curranta, nominal Nichols, of Billings, and Harry H. Par- loganberries, red and black. $7l; apricots. sons, of Missoula, aspirants for tha nomination of United States Senator on ths Republican ticket, against Dr. O. M. Lanstrum, of Helena, and Congress- woman Jeannette Rankin, today filed formal declarations of withdrawals from the race with Secretary of Stats T. Stewart. Attorney-General Ford holds that the withdrawals cannot be accepted and Secretary Stewart has so notified Judge Nichols and Mr. Parsons. Mr. Ford holds the law provides that candidates may withdraw only In ths case of death or removals from the district. as to size, per box, $132; pears, W)475o lug box; figs, California, double-layer box, $19 1.23: white, 73 to UOc ; plume, $101.25 large basket; crabapples, 75o small box. Hay Wheat and wneat ana oats nay, V 2i. tame oat. $24926: barley, $18822; alfalfa, first cutting. $16920; second cut- ting, SZ2VPZ; oariey straw, oueouo; xneais. alfalfa, new erop. 82984c; cocoanut. nominal. Receipts Flour, 4043 quarters; barley, 5122 centals; beans, 1403 sacks; potatoes, 4733 sacks; onions, 201 sacks; hay. 400 tons; hides, 180; wine, 10.200 gallons. Y. M. C. A. Secretary Dies at 39. L03 ANGELES, CaL, Aug. 10, James E. Sprunger, state secretary of the Young Men's Christian Association In California for the past seven years. died here today at a hospital from apoplexy. He was 39 years old. He had been In Y M. C. A. work 12 years. Early in the war he was sent abroad to aid In organizing work for the soldiers and sailor In England and France. Lodge Picnic Is Success. TILLAMOOK, Or.. Aug. 10 (Spe cial.) The Knights of Pythias lodge of Tillamook held a plcnlo for gath ering sphagnum moss at Sand Lake last Sunday. Between iu ana so mem bers and their friends attended .the affair. A total of 425 sacks were filled with moss. Tillamook citizens owning autos carried the picnic parties to the moss bog. $150,000 Offer for $6,000,000. SAN FRANCISCO, Aug. 10. An offer to liquidate $6,000,000 of his obligations for $150,000 was submitted ta the United States District Court here today hv E. H. Do Sabla, San Francisco capi talist, following bankruptcy proceed- ngs brought against mm as i result oi his default on interest payments of bonds of tha Northern Electrlo Kali- way. The orrer was tasen unaer aa vlsement by the court. ment Is conoerned. The Government expects to pay the cost of keeping such records as it reauires in its activities. Government to Pay Costs. YAKIMA, Wash.. Aug. 10. (SpsolaL) Measurement of tho flow of the Yaki ma River and Its tributaries, aa well as the distribution of these waters among approprlators, is to be taken over from the reclamation service by the Department of State Hydraulic Engineer Marvin Chase, who arrived here yesterday to take up this and other matters here In which his depart- TRAVELERS GUIDE. USTRALIA onolulu. Suva, New Zealand r.mnuK Australasian royal kail linf Largest, newest. best-equipped eteamera For lares and sailings apply Can. Pac. Kail way, SS Third St.. Portlund. or general Agent. 440 Seymour St.. Vao-ouver. B O. CHANGE OF SAILING ' STEAMER ROSE CITY. Will Leave Alnaworth Dock for San Francisco and San Pedro TUESDAY, AUGUST 13, AT 3 P. M. OVERBEGK & COOKE CO. Brokers, 8 locks. Bonds, Cottos, Grain, Etc. Xl-tl7 BOAKU OF TKADE BUM). MEMBEliS CHICAGO lit Alio. BOARD OF Correspondents of Logan Bryaa, Chicago and New Vork. MEMBERS New Tork Stock Exchange Chicago Stock Exchange Boston Stock Exchange Chicago Buard of Trade New Vork Cotton Exchange New Orleans Cotton Exrhungs New Vork Coffee Exchange Mew Vork 1'rodure Exchange Liverpool Cotton Asa'n DON'T INVEST MONEY in 01! or Mining Stock without .'"refill In vestigation. Many are "(iet - Rich - tjuicf schemes or unscrupuluus promoter. The shrewd lnveslor is the men who knows "WHAT NOT TO BUY." Protect yourself against "I-'nke" securities. .Writs today for a "l-'ree trial obMrin.tioo" of the "investors Review." INVESTORS REVIEW, 6(0 Market St., San irnnelnco, CaV i i I