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.