TITE SUNDAY. OBEGOXJAX- PORTLAND, 3IAKCII 16, 1919.
19
P0TAT01P1WS
UNDER LASTYEARS
Oregon Movement to Date Has
Been Backward.
market Saturday was ISM cases, on Friday
1225 cases, on Thursday 983 cases and on j
Wednesday 7S1 canes.
WO OUTLET SEEN IN EAST
Heyj Competition Will I5c F.nconn
fercd in Trying to Enter
Sonthnrestcrn Markets.
On Mafll 13 laat yir. potato., at T'laho
Falia, Idaho. w.r. netting growen V '"
ar handrcd: at Gr..l.y. Col., moatly ';
at Waupaca. Wla.. "otiTie. and at Portland
TSOSOc. At the Drcaent time potato In
Idaho Fa!!, ir. rarsinir .cl-l;
Grn:r. lift 1.1: at Wauoaca. SI. 10 and
Portland Sl&l-S. The reduced yield of
191, aa compared with tne record crop of
1317. baa not bmurht proportionally
greater prteea In Or.jon. where the known
acreajr. and production were very much dr
creaaed. The total p;antlnKS of the United
States lait year declined only ITI.wiO acre
wbflla tha total production waa 4.0O.O0O
buahe a leaa. Alt of the Important north
ern potato-f rowlnjr ptatea exrept Maine and
tha Dakota had a decreased yield and the
average production fell from loo buahe a
per acre ta 9o buiela. aaya R. L. Plnf-r of
the local office of the bureau of markets.
CP to thla lime laat year i:;iMT care had
beea ahlpped and to the present date thla
year 141.709 cars have been shipped. The
lnereaatns; shlpmenia are partly accounted
for because the growers undoubtedly have
profited by their eiperiem-e of a yar sko
when, with a bumper crop on hand, tliey
till expected a repetition of the previous
year him prices. In addition to their
wllllrrnesa to ae!l. the excellent quality of
the llt crop In most of the producing sec
tions resulted in a much larger per cent
f merchantable slock. That la eepeclally
tro. ta the middle west where Wisconsin
and Minnesota have already marketed S4.nto
care from a smaller crop than they sold oU.
00 cars from last year.
The comparative record of potato ship
ments of the 11I7 and llIS crops follows:
STATE
1 x -i
:i: -.3 ??-
?! -u
III l :?
- 2 .
Maine . . . ..
Nw York .
New Jersey
Inn
Michigan ..
TV !fconin .
Minnesota
N DakoU .
P. Lako:a
Nebraska .
Kentucky
Montan
Colorado .
SvUa -
I1aho
Washington
Ore it on - ...
California. -Others
....
Total
1 -v.7i lrtr.tv.t n.Tftr i ;
s im7i l '.1 ."'
.V 7 :. ! 1 1 . 4 -2 1 i.T"'- 7. 1
l m.-.' j.mh ;:.7i7
.l,i.V r..:.l t T.4
1M:;:; io.kwi i:ti-V
! 1
I.h ..-.'.! 1J.17 16,4"'
l.:
e.-'Jli
1.41
KU'.v.j
.vi ;
1.:;4h
1.11
P.:. -!
37. .164!
1.1tI
12.41
1.417)
"..-:
ii'.tt;
l.M
l.7:.
(V.4
H1.7:w n''.4"71"1. )' nlft
A year ago late blight and frost Jamase
eut heavy Inroads In the marketable pota
toes of all sections from Idaho east, but
the 191$ crop had a pood growin-i s-asn.
proper harvesting weather and the winter
has been so open that there has been no
complaint of froai dams-re either in pits or
In transit. Orecon growera must take those
facts Into consideration In fi Burins the fu
ture for the balance- of th-ir crop. Montana
has f-pct.it ops to be self-supporting
and the" Ure crops of the Dakota- and the
North Central Btates offer n .nmir-ranle
barrW to eastern shipments and heavy coiu
petluon In the pouthcrn markets.
BAB LET ACTIVE ON CHAIN BOARD
Fwvr Bond red Tons Sold at Merchants9 Ex.
changeTern II i ber.
The barley market was the active fea
ture of the errain trade yesterday. Four
hundred tons were sold at the Merchants'
Exchange at the same prices as bid on
Frtdsy. The sales In detail were:
Tons Trice.
100 March standard A $47 nn
200 April standard A 46.50
10O March feed 46 00
Corn bids a v? raced 50 cents blither than
th day before. The oats market w;i dulL
Weather conditions in the middle west,
as wl-ed from Chicago: "Northwest snow
Ins, bltxsard. 20 below at Winnipeg- Kain
last nlf ht st Minneapolis. 45 above. Chicago
cloudy, warm, raining. Kansas cloudy. 52
to 3d. Good rain at Topeka la, night.
Raining at Hutchison. Nebraska cloudy.
Heavy rain last night at Omaha. 40 above.
Ohio valley warmer, hard rain all nlrht.
Receipts of inspected wheat at Astoria
from September 0 to March S wre 1404 cars.
Terminal receipts In cars were reported
y the Merchants Exchanxe is follows:
Wheat Bnrley Flour Oats Hav
BETTER BOP PRICES ARE INDICATED.
English Demand for Contracts Show Signs
of 8 1 rengt henlng.
There Is a continued good Inquiry for hop
contracts, with the market gradually tend
lng upward. Buyers are seeking three-year
terms at prices averaging 6 to 27 cents.
For the 1113 crop 30 cents Is still freely bid,
but there are few sellers either for one or
three years. Several hundred bales of 1917
western Washington changed hands during
the week. The market for VJlbm stands
nominally at 40c.
In England, according to mail advices.
the whole of last season's crop has now
passed Into consumers" hands, and very few
old bops are obtainable and only at very
high prices. Some Pacifies of ths crop of
liutJ, grown, therefore, over twelve years
ago. were so!d at an equivalent of 4- H
cents per pound.
Local Potato Trade I m roves.
Two cars of Washlgton potatoes were re
eel red and were quoted at the old price of
l.r,o vi 1.4. Orejcons were also unchanged
at fl.Jof1.50. The local demand was good.
Shipments of Oregon potatoes were four
cars to (Stockton, two each to Sacramento
and Gerber and one each to San Francisco
a.id ftedmond.
5maII express shipments of California as
paragus are coming in, but the season Is two
weeks late and It will be some time yet be
fore cariots begin to move.
Moderate Movement In Apples.
The apple mancet was unchanged with
a small supply on hand and a moderate de
mand. One car of Oregon apples was
shipped to Chicago and one car to New
York.
Extra fancy northwestern boxed Wine-
saps ranged about steady in Important Job-
bine markets at $43 4-75. reaching So In
seeral smaller cities. New lork A
Baldwins were dull In producing sections
and held steady at S9.50(jr 10.50 In most
leading terminal markets. Holding at 110
till in Chicago.
Government Butter Moldings Lanre.
Stocks of butter held In storage In the
United States by the army, navy and allien
eovernments on March 1. lRli. are reported
he bureau of markets as J-.5i.';"
poun-1a The total stocks of creamery but
ter in cold storage reported to the bureau of
markets for the entire country Maxch 1,
1 tlft. amounted to 24.4;;6.C0 pounds, as com
pared with lS.ti?3.5S4 pounds last year, sn
Increase of "0. p-r cent. When tho army,
navy and allied holdings of 1-I.571.797 pound
sro deducted from the March 1, It 19.
stocks, the remaining storage stocks avail
able for commercial distribution on March
1. I!MU. is ahout J6.5 per cent less than the
March 1. 191 S. commercial stocks.
LIVESTOCK CLOSES STEADY
rSUAIi SATURDAY LACK OF DE
MAD AT YARDS.
Only Two Cars Are Cnloadcd
Prices Are Quoted Unchanged
In All Departments.
With only two loads of stock received and
h. i. m.i Saturday lack of demand, the
North Portland livestock market was with,
out feature yesterday. The few sales re
corded were within the established range
of Quotations. The market was reported
l.altt In all riennrtmenLB at the ClOSe.
Receipts were Si cattle. 40 hogs and 262
sheep.
The day's sales were as ionows:
Wu Prlee.l lbull.... 1210 7-50
n t-. a 7 nn: 1 hull loTOS 7.73
1 cow.7.". B20 9.5 0 1 bull.... 6.0C
1 cow 6jO S.30 21 hogs. .. If5 ll.i.
Icaif 130 1S.50' 1 hog.... 440 15.7.1
Prices quoted at the lutal yards loi.ow.
Cattle
Best steers
Good to choice steers. ......
Medium to gocd s:eers. .. . ..
Fair to good steers
Common to fair steers
Choice cows and hellers
Good to choice cows, heifers.
Medium to good cows, neiiera.
Pair to medium cows, betters.
. .I13.0014.00
. . 11.50 12. j
.. 10 .""I 11.50
. . K.a. t 10.50
. . 8.50W ..50
. . 10.50 wlli.OO
.. K.OO'u 10.50
.. 6 00 8 7.5
6.00 r 7.011
c.nn.7. . 3.50a soo
kum. e.onio.oo
calves -A,,s.ft(
Bank Clearing.
Flank clearings of the northwestern cities
yesterday were as follows:
flearinc". Balance..
Portland .7.i. t 610.322
Seattle 6.45SXU5 2,.U...44I
Taioma 7:ll.t-0 'M'Jt
Spokane 1.354.M 40J.1.1
Clearings of Portland. Seattle and Tacnma
for the past week and corresponding week
In former year" wert:
Portland. Seattle.
:.o.5'.mis $:;s.!i!5.o74
1l!. ..
r.n s. ..
V17. ..
1!,1'1. ..
I!').-....
1-.II4...
IIHIS. ..
llll 2...
I'.'U...
Vi"l. ..
r.i!. . .
I!M7. . .
hmii. . .
1IW5. ..
2".1.V!.4J
14 SI4.101
l.7::i. !''.
11.7117.12
1.1.352.VIO
l.-..41.7HS
12.4.'H'.2i:7
1" 7-'l."77
s :i.:i.s io
! Ill 1.522
5. 417.51 1!)
0.-511.
;:.i52.ii
3.:;:o o:;7
. H'.4.l):
"1 ii'O
1 ..'-'7.7 hi
1H.IHH.52S
1S,722.11
14.414.'!,0
111.711. V2
1I.1.-,R.570
12.249.522
!.2SI1.454
0.5rti:.72l
8.1""
4.1-"
:. v.i2
lil4
,74
Tacoma.
4.7l.l'i'i
4.5'M 075
3B12.!!
2.042 475
r..i'.i7.i:io
;l 217.0-7
:;.7in.i4
5.l5i;.:i54
4.6-'i;.oin
5.1!".04
.'i.iHVl.l 12
3.75S 124
4.5Jll.fM0
r. 7!'! OSS
2.1S1.51):!
PORTL.D MARKET QCOTATIOXS
Uld.
4S 50
40.50
May
Bid.
45.50
46.5U
45.50 45.50
56.50
55.00
56.50
55.00
Portland. Sat.. 23 1 20 1 19
Year aco .... 2 6 ....
Total this week 105 0 ST 5 51
Year ago 2 15 14 71 m
Season to date.72 P-0 2074 filO 2741
Year ago. . . . . .3tW: 3ik MK ll!4 17C7
Tacoma. Frt... K .... .... .... 3
Year ago 5 .... ....
Searon to date.40O5 ."2 .... I.Ts
Year ago 4i42 7 ' . 222 140
Seattle Frl.... .-..1 1 5
Year ago 47 .... 8 6 86
Season to dare.4044 c T2 Ml 22.l
Tear ago :iS')0 210 1.115 tt.0 2710
THREE-CENT BfTTF.R DROP MONDAY
Local .Market
la Weakened br Heavy
Receipt.
The market has become overloaded with
hot tor and prices are on the down gra de
here, though firming up in California and
In the Eavst. The local creameries on Mon
day will reduce their print quotations 3
cents to 3! cents to parchment v. rupp-?d
and 60 cents for cartoned butur. The buy
ing price of butter fat will a 'so be cut
S cents to SOftflOc at stations. Anticipating
the drop, there was very little doing in the
cube market yesterday. Sellers asked
around W cents In the forenoon, but later
In the day a limited amount of businrss wa
worked with AS S cents the best price re
ported. Portland butter receipts on Friday,
as reported by the bureau of markets:
Origin PounV.
T.laht 770
rrpton .. ............................ .3.'",-"
Wanning ton J
Total 4.145
Receipts for the week to. and including
Friday were 43.SI7 pounds, against 27.0VS
pound? on the same days In the previous
week- Since March 1 receipts have been
pounds of butter.
Local receipts of cheese on Friday were
19 pounds, for the week to date 47.018
pounds, and since March 1. 103.560 pounds.
DEMAND CARES FOR EGO RECEIPTS
Price Firm at Close of Week In Spite of
Larger Arrivals.
The egg market held firm at the close of
the week There has been a gain In receipts
but the demand has been strong enough to
take care of all the offerings. Purer put
out prices yesterday to country shippers of
38 and 39 cents delivered. Selling prices
a the street were not changed. Receipts
of cgKS on Friday ware til cases, as follows:
Origin- Express. Freight.
Idaho 1
Oregon .39d &i
Washington 4 3
Total. UOl !J
For the week rec Ipts were 34 1 9 cases
against 2398 ca.es on the corresponding days
hist week and for the month to date 7070
cases.
The supply of fresh eggs on the local
r.rmin. Flour. Feed, Etc,
Merchants' Exchange, noon session.
Alarm Apru
Bid,
Bar lev
Standard feed 4VJ-0
SUmlard "A" 4U. "0
B.tiUorn oats and corn, bulk.
38-lb. clipped white... 45.50
Corn
No. 3 yellow
No. 3 mixed
WHEAT Government Oasis. J 20 per ou.
FLOoR-Patents. 111.05 per bbl.; bakers'.
$10.700 10.9S- whole wheat, $9.8.'.10: gra
ham. S9.6ou9.S0. whole wheat. ..&; o iv aw.
MILaLFEekeD MIU run. I. o b. mill, cariots
$40 per ton: mixed cars. $40.50; ton lota or
over, $42; less than tons. $43; rolled barley.
J.-M :4; roded eats. sOJtfoO; ground oar.ey.
$o2C 54.
CORN Whole ton. $64066; cracked, $6
HAT Buying prices, f. o. b Portland;
Eastern Orecon timothy. $30 32 per ton;
alfalfa. $5.50; valley grain hay, $26; clover,
$jaa7; straw. $s?10.
Dairy and Conn try Prednre.
BUTTER Cubes, extras. 68ic lb.; prints.
narrh merit wrappers, extra, box lots. oc
cartons. VOc; half boxes. Sc more: less than
h;tlf boxes, lc more; butter! at. No. 1, OSc
per pound, station.
jrjtOS Oregon ranch, case count, 39c;
candled. 4c; selects. 42c.
rwKKSK Tillamook, f. o. b TIMsmook:
Triplets. 3; Young Americas, 33c; Coos and
Curry, f. o. b.. Myrtle point, triplets. Jifec,
YounK Americas, iiJc; longhorns. 3- c.
POULTRY Hens. 31t?3c; roosters, 18c;
stags, -lc. ducks and geese, nominal; tur
keys, live. 34r.r30c; drefd. 41d45c
VKAL Fancy, Ulc per pound.
PORK. Fancy. "J3rr per pound..
Fruits and V-getab.ee.
f lobblne Quotations:
KKL'ITS oranges. navels, $4.5096.50;
lemons. $4.25tj5.7i per box; bananas. t Sp tc
per pound, apples, ii..04 per box; grape-
fmlt. $3.7.'.? S.2.V
V Kt 7 ETA ULES rabhnff $2 25 3.50 per
ion pound-: lettuce. $3.75? 5.25 per crate;
peppers. per pound; celery. $itfyll per
crat.; artichokes, $1.65; cauliflower. $1.40
4i3.23 per crate; squash. 3Sc per pound;
b-eis. $2 25 per oack; carrots. $2 per sack;
turnips. $l'u2-23 per sack; cucumbers, $2.25
per doT.en ; tomatoes, $4 per box; spinach,
$t 40 per box; peas. -0c per pound; rhubarb,
12'-il.c per pound.
t'lTA rotiS orecon Burbanks, graded,
$t.",1.50; Yaklmas. $1.50 4J sweets,
5 lr .". c
ONIONS Oregon, jobbing price. $405
per sack.
SAX FRANCISCO I'ROPICE MARKET
price Current on Eggs. Vegetables), Fresh
Fruits, Etc., at Bay City.
FAN FRANCISCO, March 15. Eggs
Fre.h extras. 4lc. Iresh extra pullets. jic
Cheese New firsts, ic, Oregon Young
Ame.icas. 4lc.
Poultry Hens, large. 337c: small, 399
40c ; young roosters. 45 U 50c ; broilers, 57 4f
5c; fryers. Co 61c, turkt-ys. dressed, 42
44c! gese, 2Utf Jlc; pigeons. $--5i(J3.0u,
ituab(. ju 5 C5c
Vegetables Asparagus, lStf 20c; celery,
$7.O0tfSin; squash, cream, 75c v$l; rhubars,
al 'uu-; egikPiant. UK: u ppers, mii,
.ua -;.ic; chiie. 2i Juc; tonvitoea. N x
1, $2.50tj3-00; tettuce. lx Angeles. $39 3.50;
sweets. $3.003.25; dry onions. $3 7.&4;
groen. 125 box; garlic. :Vu J5c; cauli
I ower, Soa&5c; beeia. $1.50jrl.5; turnip
f l 50 'i l.5; green peas. lOtrllc; rhubar
Jui.50; carrots. $22.50; brussels sprouts,
H c c' cucumbers, $4 4.25; spinach, 4 SfAt;
caobage. early flat lutch, l0a$i; beans.
40 Vitc.
Fruit Lemons. $3 3 4.00; oranges. $4.00
5 0; tantft-rmes and mandarines. $;;
3u; , grapflruit. $2.5094: bananas, 6c
;wc; pineapples. $;;.. 4.00; apples. .New
town lippini. $3 3.50: Or -son ISpltzen
berg. $3.25 3. SO ; pears. Winter Nellls, $34;
Ixjuatii. 15 -b 20c pound; strawberries, $4
4 5" pr crate.
Hecftpts Flour, 5340 quarters; barley.
134. 390 centals: beans. 1;43 neks; potatoes.
:.;:' sacks; onions. 3.0 sacks; hay, 100 tons:
hides. -Co; wine. 96,537 gallons.
Increase In Excess R
VEW YORK. March 13. The actual con
dition of clearing-house banks and trust
com panics for the wetk shows that they hold
$55. 53.510 reserve in excess of legal re
quirements. This Is an Increase of $S,
&7..440 from last week.
Hams and Lard to Advance.
An advance of 1 cent In all grades and
sixe of hams Is announced as effective
on Monday. Lard prices will be raised a
j half cent.
Dried Fruit at New York.
NEW YORK, March 15. Evaporated ap
ples, dull but firm. Prunes, few offered.
Peaches, scarce.
Dulnth Linseed Market.
DCLUTH. March 13. Linseed. $3.71 H-
7.00 if 10.00
17.50917.73
17.2"f17.3r
15.50 f? 16.50
13.00 it 16-00
15.50S16.30
13.50 Si 14 50
11.00 v 12.00
9.00'zi 10.00
6.50 0 10.50
ORIGINS OF LIVESTOCK LOADED
Shipments to the Leading Markets of the
Pacific Northwest.
State origins of decks of livestock loaded
March 14. MMt9 Horses. Mxd.
calves Hogs Sheep muies stot a.
For Portland
Stockers and feeders.
Hogs
Prime mixed ..........
Medium mixed ........
Rougn heavies
Pigs
teheep
Prime lambs
Fair 10 medium lambs..
Yearlings ..............
Wethera ...... ......
Ewes -
Idaho
Oregon
Totals
One wi?ek ago. .
Four w"ks ago.
One year ago..
For Seattle
Idaho Oregon
South Dakota. .
Washington ...
Totals
One week ago. .
Four w'ks ago.
One year ago. . .
For Epokar.e
Idaho
Washington ...
8
10
IK
U
10
Studebaker Cor. 4.&00
Texas Co 4.200
Union Pacific. .. 7l0
U s Ind Alcohol IO.200
U S Steel 50.2QO
do pfd ...... .'i0
Utah Copper ... 1,700
Western Union.. 200
Westing Electric 1,11)0
63X 92 8.1H
210 20S 201H
130 12i l-'!4
14SS 13'j 140 e
si'.i4 ;.'. 05k
115 IIS 115
fi4i 6!i. 605,
404 4i 46
Bid.
BONDS.
V S Lib 3Hl 9S.00HJ s 4s cou '107
do 1st con 4s. .94.40, Atchison gen 6s. S3
do 2d 4s H3.S0 O Jfc K G ref 5s. 4
do 1st con 4iis.94.52 x Y C deb 6s.. 0St
do 2d con 4 !s. 03.84, Nor Pacif 4s S3V4
do 3d 4Vis S5.24,Xor Paclf 3s ... 59Si
do 4th 4 ... .93.1)21 Pac I T 5s... -H
U S ref 2s reg.. !IS Penn con 4ViS..55g
U S ref 2s cou.. !74i Union Pac 4s SRH,
U S 3s reg S iu S Steel os 10oi
U S 3s cou jso Pacif cv 5s. .1031,
U S 5s reg 105 Anslo-French 5sD7Vs
Bid.
Boston Mining Stocks.
BOSTON. March 15. Closing quotations:
AUouez 39 IXorth Butte 10
Aris Com UlaiOld Dominion .. 32
Cal & Hecla . ..SS5 ICsceola 46
Centennial 12i4iQinc 544
Cop R Con Co.. 3! '-it (Superior 4
E Butte C Mine 8! Sup & Bost Min. 2
I-ranklin 3 ishannon 114
Isle Roy (cop).. 24'4Utah Consol S!
Lake Copper .. 3, Winona 90
Wolverine 17
DEMAND FOR CIRREXY IXCREASIXG
Gain In Amoant of Federal Reserve Notes
in Circulation.
WASHINGTON'. March 15. Slightly in
creased demand for currency was Indicated
by the federal reserve board's weeklv fin
ancial statement, showing about 114,000,000
more federal reserve notes in circulation than
a ween ago, making the increase for the
past two weeks about $30.0o0.000. The re
serve banks' condition at tho close of busi
ness last night follows:
Resources
Gold coin and certificates S 832,749,000
Gold eettlement funds federal
board sot 078 nnn
Gold with foreign agencies.... 5.S2U.00O
Total gold held bv banks K:t!l. KJ.H non
Gold with federal reserve
icents 1 iTrtfint non
Gold redemption fund 'lltf277,000
Total gold reserves
Legal tender, notes, silver.
2,12,534.(00
etc. 07.2O3.0UO
7
10
6
10
Tntnla 2
etaolnshrdlushidluauauauaua
One week ago.. 3 4
Four w'ks ago. 1 4
One year ago. .3 6
Totals M.'.r. 14.10H.I
One week ago..l2J0
Four w'ks ago. 9t3
One year ago.. 13114
1.100
1445
14M
2027
1 ....
larkets
4SI 200 94
4M 1 100
190 1S 114
377 247 166
Chicago Livestock Market.
CHICAGO. March 15. (United States bu
reau of markets. I Hogs Receipts. 7000.
market very uneven; average ahout steady
with yesterday's general trade. Bulk of sales
10.10fi. 19.40; heavy. J19.3USJ 19.60; medium
weight. S19.20&1B.4O; light weight, S1S.00
19 20, light. 17.25M8.50; sows, S17.25if
18.75; pigs. 16.50 17.50.
Cattle Receipts, 1000, compared with a
week ago. beef steers and she-stock mostly
23c to 50c higher; feeders, strong, calves
steady to 25c lower.
SheeD. receipts 1000. compared with
week ago, good and choice fat sheep and
lambs 50c to 75c higher; other killing classes
mostly 23c higher. Feeders strong.
Omaha Livestock Market.
OMAHA. March 15. Hogs Receipts. 11.
500. 10c to 15c higher. Heavy, lS.40'.r
1S.U0: mixed. I18.30S1S.70; light. J1S31S 70.
Cattle Receipts, 200, steady. Native steers
$1241 18.50; cows and heifers, 7.50ff 14.2.i;
western steers, $10'flfl; Texas steers, gSfftlH:
cows and hflfere, $7(& 12.50; canners, $5.500
6.30; stockers and feeders, $6.50 D1 5.25;
calves. $84.14; bulls, stags, etc.. 7ftU. '
Sheep Receipts, 100, s:eady. Culls. $710;
wethers. $1316; ewes, $10fit 13.75; lambs,
$1S.50i 19.S5, feeder lambs. $103.18.75;
yearlings, $10 IS.
Seattle Livestock Market.
SEATTLE, March 15. Uos Receipts.
409; market, strong. Prime. $17.75'1S.10;
medium to rholce. $17.5o'i 17.65: rough heav
ies. $I3.50ei 16.10: pigs. $15.50t 17.10.
Cattle Receipts. 183; market, steady.
Best steers, $11.50&14; medium to choice
itt-ers. $10.f0-lill: common to good steers,
$7410; best cows and heifers, $srll.50;
common to good cows and heifers, $53j 7.50;
bulls, $69.50; calves, $713.
STOCK RJSE CONTINUES
SHIPPINGS
LEAD
AXD INDUSTRIALS
IN ADVANCE.
Rumor That Government Will Place
Large Commodity Orders to
Stimulate General Industry.
NEW YORK, March 15. The short ses
sion on the stock exchange today opened
with another spirited torward movement,
shippings and Industrials In several Impor
tant instances adding materially to gains of
recent days.
Activity was heightened by reports that
the government contemplates placing large
orders for various commodities in the near
future, pursuant to Its programme of stimu
lating general industry.
Rails and T'nlted States Steel were the
only noteworthy Issues to lag. The under
tone at the close was strong.
American International, whose shipping
interests are known to be very extensive,
led the entire list at an extreme gain of al
most 4 points, part of which It relinquished
at the end.
An actual loan expansion or SI13.OO0.OO0.
lth a corresponding Increase of demand
deposits, reflected the activity of the week
In the stock market.
Distilling and metal stocks were erratic.
Sales amounted to B7S.000 shares.
Bonds were steady, with further buying
of liberty 3 the most notable feature.
ales, par value, aggregated .tt7.,000. Old
United States registered 2s and coupon and
registered 4s gained hi per cent on call
during the week.
CLOSING STOCK QUOTATIONS.
Closing
Total reserves 52.li87:.7.000
Bills discounted, secured by
government war obligations. 1.7O2.351.0O0
All other 1S4.012.0U0
Bills bought In open market.. 262.1311.000
Total hills on hand SJ
United States government long-
term securities
United States government short-
term securities
All other earning assets
Total earning assets ..
ttanK premises
Uncollected items and other de
ductions from gross deposits
Five pr cent redemption fund
against federal reserve bank
noUes
All other resources
148,502.000
27,223,000
168,34. 000
4,000
S2,344,077,OO0
y, 7 20, 000
6S3.017.000
6.745.000
7,007.000
.. .$5,247,803,000
..$
Total resources
Liabilities
r'apttal paid In
Surplus
(Government deposits
I")nt to mmh?ra' reserve
count 1,R75,045.000
Defprrcd availability Items .. 509.112.000
Other deposits, including for
eign government credits . . .. 117.522.000
81,562.000
4ft. IfiH.OOO
150,783.000
ac-
Total gross deposits S 2.4 52. 402.000
Federal reserve notes In actual
circulation 2,503,095.000
Federal reserve notes In circu-
culation. net liability 10.479.000
All other liabilities 21.739.000
Total liabilities $r,.247.S03.000
Rntio nf total reserves to net deposit ana
federal reserve note liabilities combined. 51.4
oer cent.
Ratio of gold reserves to federal reserve
notes In circulation after setting asiae
per cent against net deposit liabilities, C3.0
per cent.
EARLY SIGNING OF TREATY EXPECTED
Influential Factor in Strengthening; of
Speculative Markets.
VF!W YORK March 15. The stock mar
ket rounded out a month of broad dealings
at Jrregular!v hieher prices in the week
which closed today. Operations for the six
sessions approximated H.OOO.OoO shares, a
record unprecedented since the last boom
npriod of 191. Trading doubtless would
have carried greater conviction and prob
ei.iv t. .miM hnvc invited wider public par
ticipation had the movement centered less
in issues of the various speculative groups
and more in the shares usually favored by
.ntimenlal and technical conditions flg-
ii-orf t.. prpnipr extent in the further ad
vance than actual developments. Belief
that the peace treaty will soon be consum
mated and the over-sold condition of the
market in the early weeks of the year were
influential factors.
Among tho more definite considerations
of an encouraging character were the many
signs of domestic business improvement, ex
ironieiv fnvom ble crop prospects and tne
.;.. f,ipthr timaress towards world
-nnremacv. as indicated by the marvelous
foreicn trade balances.
a i.i . u .nii troni'thpncn On!
erately. it is generally recognized that they
carrv the government's guarantee for such
credits as may be required
Steels were again restrained by uncer-
j i., n.-fr.cB hnr the contenv
niHTeri Htahilisatlnn ittrreement is expected
to benefit that industry
. f- t J-i a flntatinn or the VIC-
. ,.d more tancible form, but
the question of interest rates and other im
portant details remain In abeyance Bank
1 i 1-,, Hi., imoortance of extenoin!
.r. iiiiii...v. ..I., .nil it
Bales.
l.f.oo
2,5'iO
4"0
l.noo
4,1:00
VTe pay 2i centa for top block pork.
We pay 20 cents for top younsr veaL
We pay less for Inferior stuff. We
never chargre commission. Frank I
Smith Meat Co.. "Flghtinr the Beef
Trust." 228 Alder Bt, Portland. Adv.
Am Beet Susar.
American Can . .
Am Car & Fdry
American Loco.
Am Sm A Kef.
Am S'.icar Refr.
Am Tel A Tel. . TOO
Anaconda, Cop.. 6.."u
Atchison l.Oon
A G jiWISSli 14.0"0
Bait A Ohio ... 20
Bethlehem B... 2.:i'
B & s copper. . 2K)
Calif Petrol 400
Canadian Paclf.
Central Leather 21,000
Chts Ohio ... 1.200
Chi M A St P. . l.TC'O
C R I P ctfs. 300
Chlno Copper . . n0
Colo Fu & Iron. B. iOO
Corn Frod Kefg 11.000
crucible Steel.. IS. 700
Cuba Cane Suit. 1.100
DlJtlll Securities 12 Sn0
Erie 1.000
General Klertrlc ......
General Motors. S.oo
Gt Nor pfd 12"0
Gt Nor Ore ctfs. 5,jU0
Illinois Central. ..
Insplr Copper.. t.tOO
Int M M pfd .. 2S.000
Inter Nickel ... 1.000
Inter Paper ... l.i"0
K C Southern.. SOO
Kennecott Cop.. 1.400
Louis Nash...."..
Maxwell Motors. 6.i"0
Mexlcm Petrol. 12.100
Miami Corner., l.loo
Missouri Pacific 1.0U0
Nevada Copper. 200
X Y Central ... ......
N T N H H.. 1.000
Norf We - 0
Northern Paclf. oO
Pacific Mail ...
p.nnrclvania .. prt0
Plttshurr Coal.. oo
Rav C.insol Cop. ?n
Reading 9...00
Rep Ir Pteel.. 1.200
Shat Arts Cop.. 4m
Su i b.rn Paclf. J2o
Southern Ry ... I.-00
High. Low.
4S
no-,
7
07
104 H
4S tt
..',
IS",
26
24 S
Sij
SI i
(f.14
23 in
611
17
irti"
4
43 S
'ii' '
liiH
25 i
41
20
30 Vi
"inVj"
lrt;t
22 H
24i
16
"si s
104 '
M"
35
45
4S
10H
S4 L
Sli
tOVi
102K
2SX
473,
00 1,
7,
bo'
104"i4
51'S
02
115.
4NH,
05 U
lt-.
26
'724
5Vi
37 H
24 "4
a.i
4S
Rot,
67
2:1 14
64 i
17 ii
164'
42
"45ti
loo s
2." 'i
45 14
30
'sat,'
1S4
m
16
'si 4
104 k
S3
34
444
4S
101
10
101 m
2oii
Bid.
75
47',
110 54
67 14
60
HSVi
10434
60 "4
82 1,
11514
4S z
65
lf-4
20 s
10.1U
7.1i
5 S
33 4
241
3:ni
4:!,
50 'I
674
64 -4
17 14
155 "Z
165 4
04
43-4
OSi
45S
HO
25
45 4
10
304
114
30 4
14
22 H
24",
IB
75 "4
31 4
104 V4
83
345
44
43
194
S4
51 14
104
101
2SH
....i.nn ...it t. to Tore en counirirB
I. helieved the recent .50.000.000 acceptance
to Bi-lKium will form tho basis of manj Sim
11 Th. roonev market has been conducive
i m.rt.t enthusiasm, call loans lend
iVT. e!v t an average of 414 to 41 per
cent, with time funds steady at 54 to o
per cent.
COAST AT EASTERN DAIRY PRODUCE
Butter Market Conditions at Leading- Dis
tribution Points.
San Francisco. A firming of the butter
-1... i. niittw finnarent. thOUBh prices
.how onlv a allKht advance tbday. Liefit
demand from the outside has takeo care
e ih. .humiliation durinit the fint few
days of the week. The majority of dealers
report their floors cleaned jp of all sur
plus at noon while boats leaving hero hi,d
considerable butter. Receipts yesterday
amounted to 76.276 pounds; 3-4Core. 54(4
cents.
rhi.om Tim market was exceedlnfrly
firm with an advance in prices of one-half
to 1 cent on all grades. Dealers report
difficulty in supplying orders duo to low
stocks, which were reduced 3201 tuns ves-
terdav. A very strong eeling o commence
existed among dealers nnd receipts continue
licht. Cold storage holding were rea.-cea
166.966 pounds; 92-score, 591.4 cents.
New York. Trading today was quite light
but there was a very firm confident reel
ing on the market. The supply of good
and line grades of butter ws light and
there was a good inquiry for ell sc ires.
Most of the trading was done on the basis
of vesterdav's prices, but there were a few
cases where dealers obtained one-half cent
higher on the finer grades, rteceipts yes
terday amounted to 5S26 tubs. Storage
holdings were reduced about 1000 tubs,
while there was a very heavy decrease in
the supply of fresh butter on dealers' floorj;
112-score, 614 cents.
GAIN IS FJEARLY FOUR CENTS
GERM AX ACCEPTANCE OF FOOD
TERMS BOOMS CORN.
Oats Follow With Brisk Rise After
Early Period of Weakness.
Provisions Soar
CHICAGO, March 15. Announcement that
Germany had definitely accepted the pro
visioning terms Imposed by the allies led to
a vigorous upturn today In the corn market.
Prices at the close were unsettled, but l&c
to 34c net higher, with May $1.37 to
$1.38 and July $1.32 to $1.32. Oats
ired Sc to lc. ani provisions 2.c to $1.
Dependent or Independent?
To many men the opportunity to lay the foundation for a private
fortune has gone forever. They have reached the age in life where it is
difficult to even meet the requirements of their families. Possibly they
shall even find it necessary to become dependent upon children or relatives
during their declining years. . ' .
We see these pathetic conditions day after day, and have learned to
know that they are usually due to the fact that these men failed to invest ,
their earnings in securities that were sound and safe.
It is an easy matter to become enthusiastic over promises of alluring
returns through investing in some gigantic promotion proposition.
Millions of American families have suffered hardships and made sacrifices,
however, because their money was put into itinerant enterprises of this
character.
Losing your capital, and interest upon it, is bad enough, but when such
investments prevent you from laying the foundation for a private fortune
that shall help provide for yourself and family during the years that you
shall need it most, then no man dare get away from the real facts concern
ing the best form of investment.
Government and Municipal Bonds, such as are offered by us, are the
last word in safety and stability. Better bonds are not obtainable.
The rate of interest, although not as great as on speculative stocks, is,
nevertheless, a good return upon the capital. It might interest you to
know that $1000 invested in 6 bonds and the interest reinvested each
year in the same kind of securities Anil,' at the expiration of 20 years,
amount to over $3,200.00. ,
Every man owes it to himself and family to lay the foundation for the
future by buying Government and Municipal Bonds. If he wants to look ,
forward to the time when the bonds he owns shall make him partially if
not totally independent, then he should begin his fortune today. ,
For those who cannot buy Government or Municipal Bonds outright
we offer the advantages of our PARTIAL PAYMENT PLAN.
Some Very Attractive Municipal Bonds
43,000 'Astoria, City of. Ore., Municipal.
60,500'tDouglas County, Ore., Ser. No. 6.
E5,500t " " " No. 7.
20,000 'Portland, City of. Ore., Water...
9,000 'Portland, City of. Ore., Water. ..
25,000 'Idaho Co., Ida., Whitebird Hy. Dis
t Denotes bonds of $500 denomination.
Illation.
Rate Maturity Price Yield
. . S A&O 192S-58 100.00 5.00
..414 A&O 1927 97.25 4.90
. . hi A&O 1928 96.99 4.90
. . 4 M&S 1937 93.66 4.50
5 J&J 1923 101. SI 4.50
6 J&J 1927-37 103.36 5.60
Denotes bonds of $1000 denom-
MORRIS BROTHERS, Inc.
THE PREMIER MUNICIPAL BOND HOUSE
309-11 Stark Street, Between Fifth and Sixth (Ground Floor)
Telephone: Broadway 2151 Established Over 25 Years.
May
July
May
July
May
July
May
July
Mav
July
Low.
i.:m:
1.2S !4
.6014
43.40
40.30
2B.3K
25.85
23.S7
22.07
Close.
$137 ii
1.32
.62 K
.61
44.75
41.70
27.0S
26.60
24.61
23.31
Oats followed corn and rose smartly after
a brief interval of weakness.
Provisions, like Kraln. sweot upward de-
snlte hesitation at tho outset. Shipments
for the week were nearly treble those 01
a year ago.
Speculative demand for corn this week
broadened to an amazing extent after pi
rector-General Hoover of the inter-allied re
lief organization had referred to $3.50 wheat
as not impossible. Bullish sentiment was
stimulated by assertions that farm reserves
were not readily available to overcome acute
shortage of corn In the chief hog utates.
Sensational upturns followed in hog values,
notwithstanding withdrawal of all restric
tions on shipments. Attention also was glv
a vlpwn of a leading economist that high
nrlcps were here to stay. Later there was
a nearly complete reversal of sentiment in
fluenced by general heed taken of the ap
parent attitude of the food administration.
Leading futures ranged as follows:
CORN.
Open. High.
.$1.34'.4
. 1.28 Va 1-33
OATS.
. .61 .63
. .60!ft .6214
MESS PORK.
. 43.45 44.M
. 40.35 41.85
LARD.
. 26.35 27.05
. 25.83 20.60
SHORT RIBS.
. 24.20 24.75
. 23.00 23.45
-.. firli... were:
Corn No. 3 yellow, $1.48; No. 4 yellow,
$1.46&1.4Ste; No. 5 yellow. 1.431.44.
Oats No. 3 white. 61H&62c; standard.
62H (h 6314 c.
Rve No. 2. $1.5001.53.
Barley S3i7c.
Timothy $7 6 10.25.
Clover Nominal.
Pork Nominal.
Lnrd $27.20.
Ribs $ 25. 00 26. 50;
Minneapolis Grain Market.
MINNEAPOLIS, March 15. Barley, 77
SSc.
Flax $3.68lg3.691tc.
Grain at San Francisco.
SAN FRANCISCO, March 15. Flonr.
Cll ftn ner barrel. .
r-.rain Wheat, federal basis, $2.20; white
feed oats, unquoted; California yellow corn,
$2 15S2.25; barley, feed. $2.05(82.15.
Hay Wheat or wheat and oats, $2022;
tamo oats, $2123.50; barley, $I618; al
falfa. $1610: barley straw, 5080c.
Meals Alfalfa. S234c; cocoanut, un
quoted. California Rice Storks.
The California rice summary follows:
In milers" hands, 1.800,000 bags; in mill
warehouses 200,000; moving to mills, 200.
000; owned by mills in country. 150.000: not
In milling condition in country warehouses
400.000; slightly to badly damaged 500,000:
held for seed 250,000. Total, 3.500.000 bags.
Calfskin Prices Cat.
Beginning with Monday morning, hide
dealers will reduce the buying price of calf-
LIBERTY BONDS
If you must sell your Liberty Bonds, sell to vs.
If you can buy more Liberty Bonds, buy from us.
We buy and we sell Liberty Bonds at the market.
YOU CA5XOT DO BETTER YOU MAY DO WORSE
On Saturday, March 15, we paid the following; prices for United States
Government Liberty Loan Bonds, which were the closing; New York
prices plus the accrued interest.
3M;S 1st 4s 4s lst44s 2d44s 3d4!,;s 4th4s
99.76 95.41 95.14 95.53 95.27 95.24 95.60
In purchasing Liberty Bonds we deduct from the above prices 37c on
a $50 Bood and $2.50 on a $1000 Bond.
In selling Liberty Bonds we chargeThe New York market price plus
the accrued interest.
Auk About Our Partial Payment Plan
Burglar and Fireproof Safe licpoalt Vault;
SAFE DEPOSIT BOXES FOR HEM
MORRIS BROTHERS, Inc.
The Premier Mnnlelpnl Itond Houe
.'100-311 STARK STRKET, lKT. 3TU AM) CTH (.ROUD FLOOR)
Telephone Broadway 2151. Kstabllnhed Over 25 Years.
skins 3 cents per pouna, making: the price
of Xo. 1 skins 30 cents and No. '2 skins
2 oentp.
We own and offer at
the New York market
Liberty Bonds
All issues
See us if you wish to buy
See us if yon must sell
Freeman
Smith
Second Floor
Northwestern Bank Bldg.
Main 646
Camp
Co. "
What is the Market
Going to do Now?
Which Stocks Should
Be Bought at This Time?
Ask for our opinion, given free
of charge, with latest copy of
our semi-monthly publication.
"Securities Suggestions"
Frmm on rmqmtt. Ash for 25 "Q"
R.c.MEGARGELtf cd
27 Pine Street New York
OVERBEGK &
COOKE GO.
Broken, Storks. Bonds, Cotton.
Grain, Etc.
16-317 BOARD OF TRADE BLDG.
MEMBERS
CHICAGO
TRA1K.
MEMBERS
BOARD OF
Correspondents of Logran A Bryan.
Chicago and New York.
New York Stock Exchange.
Chicago Stock Exchange.
Boston Stock Exchange,
Chicago Board of Trade.
New York Cotton Exchange.
New Orleans Cotton Exchange.
New York Coffee Exchange.
New York Produce Exchange.
Liverpool Cotton Asa'n.
Clark. Kendall & Co.
Second Floor
Northwestern B:ink Bldg.
Portland, Oregon
We Recommend and Offer
to Investors Carefully
Selected
nOVERNMENT,'- MUNICI
PAL and CORPORATION
BONDS
Denominations $50, $100,
$500, $1000
THE TRUTH ABOUT
THE OIL BUSINESS
12-Page Booklet
Furnishing Facts and Information About the
Oil Business. OH TVrms Explained; Value f
an Oil Well; Flush Production; Are Oil
Stocks Speculation? What should be earnel
to make Stocks Worth Par, etc., etc.? This
Interesting Booklet and Map of Mid Conti
nent Oil Fields in Colors sent FREK on re
quest without obligation.
CURRIER AND COMPANY
686 Republic Bldg.. Kanas City. Mo.
TRAVELERS GCIDE.
FIRST MORTGAGES AND FIRST MORTGAGE BONDS
Interest 6
Interest and principal collected and remitted without expense.
COMMERCE SAFE DEPOSIT AND MORTGAGE
COMPANY
91 Third St, Ground Floor Chamber of Commerce Bldg. Main 3067
BETTER STOCK
MORE PROFIT
when you use an
INDIANA SILO
Spaulding Logging Co.
Salem, Or.
II -PAr-inr STEAMSHIP COMPANY,
S. S. City of Topeka
PASSENGERS AND FREIGHT
Sailing Tuesday, Alar. IS
Marshfield, North
Bend, Eureka and
San Francisco
TICKET OFFICE! 101 THIRD ST.
A 3332 Main I486. .
i
A V TC3T OH '
8viaea accoukts
I BANK BY MAIL.
!iitiIUA!t OtUJKII I DAMV
Of Vancouver, wash.
F E Bowman .Presiderxr
San Francisco. Los Angeles
and San Diego
Steamer Sailing Tneadny, 2:30 P. M.
31. Bollnm, Acent, 122 Sd St.
1'taone Main 2U.
AUSTRALIA
Honolulu. Suva, NawZaaland
UKlDIiH USTRILISIA R0UL Mill V'i
Largest, newest, beat-.quippad atearr.ra.
For fare, and .aillngs aoply Can. Par. fia:.
car. M Third M Portland, or Graarul
Agent, MO omwr bu. laatoairec, B. U.