THE SUNDAY OREGOXIAN, PORTLAND, JUNE 1, 1919.
21
MOHUB MARKET IS
IDJ STRONG POSITION
War Creates New Avenues of
Consumption.
YARN EXPORT IS FACTOR
English Expert Believes Values Will
"ot Be Seriously Affected by
Movement of Turkish Stock-
Alfalfa rood bat soma Injury from weevil
and grasshoppers.
NEVADA. Continued warm weather fa
vorable for wheat, oats, barley, rye and al
falfa, which developed rapidly tinder Irrigation.
SMALL SHORTS SQUEEZED;
Strawberry Market Is Firmer.
Strawberries were firmer yesterday. Re
ceipts were not larre and they cleaned np
quickly at 33.73Q4.
Lambert cherries from California made
their appearance and were quoted at 25 cents
a ponnd. Tartarions were in large supply
and drag-red at 1015cenia,
New potato receipts were heavy but there
was a rood demand and the market was
steady at 798c a pound. Old Oregon were
unchanged at $1.75 a sack.
Good Price Paid For Err,
While the demand for errs 1 not strong.
buyers are paying rood prices, ranging up to
44 cents, to country shippers. Receipts
were 109 J cases from Oregon and 45 from
Washington. Street stocks were 4145 cases
as against 8101 cases a week ago.
FITE-CEXT ADVANCE IX
CORX AT CHICAGO.
MAY
The mofca.tr market abroad Is in a rela
tively strong position, notwithstanding the
probability of a large movement of Turkish
hair which has been accumulating during
the war, and which by some Is estimated to
amount to 80.000 bags of all descriptions.
Commenting on the situation, the Branioro,
England, correspondent of the Angora Jour
nal writes:
"Men here who know the trade thoroughly
are convinced that the new avenues of con
sumption which the war created are not
oing to be closed now that the fighting la
ever, and strong hopes are entertained that
the future has nothing but good in store for
the article. Of course It Is the custom of
spinners to lie low and say nowt," but all the
aame it is known that an expanding con
sumption Is proceeding and directly peace ia
alened. old markets on the continent must
open, although naturally the outlook there
Is as yet not too Inviting. Germany and
Russia have been Bradford" moat important
mohair yarn markets and, although today
tere is nothing Inspiring when one looks
across to these two countries, chaos cannot
reign indefinitely.
The Cape article as well as that grown
fa the States will have to face a revived
competitor in Turkey, but the general feel
ing is that, given reasonable conditions, mo
hair is bound to occupy a fairly strong po
sition. Of course the crux of .the matter
lies in the amount of mohair yarns that it
will be possible to export. Some say that
Germany is bankrupt. We do not believe
that. If that country will only settle down
to peace conditions, credits will be forth
coming to pay for big quantities of wool.
tnohair, yarns and piece goods.
"One must not forget that mohair la to
day being so treated that Its luster can be
removed without the fabric suffering any
depreciation, and therefore used in conjunc
tion with wool, as well as artificial silk.
Mohair is destined to occupy a more promi
nent position In the textile world than In
any pre-war times. There are those who are
talking in Bradford about mohair firsts
coming down to 32d (64c). that being esti
mated as a fair market price here today.
As a matter of fact, there is no actual mar
ket price, but It seems to the writer that at
around 30d there will be buyers, although
readers must clearly understand that Brad
ford operators will want to purchase at sen
sibly less at the Cape. At the moment the
market is in an evolutionary stage. All are
anxiously waiting for the peace terms to be
signed,"
CUBES HIGHEB THAN PRINT BUTTER
Market Unsettled by Action of Local Cream
ery Men.
Competition among the city creameries,
the entry of a new company In the local
field and efforts to bear prices so as to
bring about cheaper storage have resulted
In a temporarily lower market for print
than for cube butter. 8everal of the manu
. facturers reduced print prices 2 cents yes
terday to 68 cents, box basis; but cubes did
not go down correspondingly, and 59 cents
was again obtainable for extras. The larger
handlers of cube butter, in fact, have de
ctded to make no concessions, as there ap
pears to be a sufficiently good outlet at the
old price. To add to the unsettlement, va
rious quotation are being put out on butter
fat, ranging Ima 68 to 60 cents at stations.
while the new company is reported to be
bidding 67 cents.
Storage holdings Increased 28,427 pounds,
and for the week gained 108,322 pounds.
Street stocks yesterday were 105,568 pounds.
as compared with 109,748 pounds a week
ago. Receipts were:
Pounds,
California 4.S92
Oregon 25,911
Washington ... 3.S00
Butter and Eggs In Storage.
Storage holdings of butter and eggs
leading coast cities yesterday were
lows:
Butter
Portland . . .
Seattle
San Francisco ........
Kg S3
Portland
Receipts Very Large, But Industries
Corp pete "With Elevators to
Tn usual Degree.
CHICAGO. BCav 31. Belated covering by
small shorts brought about a sharp last-of-
t he-month bulge In corn prices today, not
withstanding big receipts. The market
closed unsettled 1 H 5c net higher with
July Sl.ee1 3 1.66H and September gl.58
&1.5Sm. Oats finished at IVic net decline
to hie advance and provisions varying from
20c off to a rise of 65c.
f resh supplies here, amounting to be
tween 600 and 700 carloads, turned the corn
downward art first and relieved to a great
extent iear that any disastrous
might accompany the final adjustment of luei tncludln. a t l O boo ,
l In the May contracts. Selling pressure, however. Alerltin mincVDa? ofT.rfn '
,"0t,T' " rd'.Ml ,"J..lh.' hu", ".I R.tetnonmCnCaSS! ."nd B
operations aggregating slightly more than
2,000.000 shares.
Intervals of dullness and uncertainty ac
companied signs of higher money and appre
hension concerning the possible course of
events abroad, but these were overcome by
fresh waves of buying, which embraced
the entire list.
The market has now experienced almost
four months of trading on an unparalleled
scale. Its magnitude may be Judged from
the fact that stock transactions for the first
five months of the year are almost double
the 1918 output for the same period, while
bond sales have vastly more than doubled.
In the highest financial circles there ap
pears to be an Increasing realisation that
the United States will have to bear a large
part of the burden necessary to restore nor
mal financial and economic conditions
abroad Proposals to discount part of Ger
many's Indemnity to France are expected
to form part of the comprehensive plan
now under consideration by American
bankers.
There was a broader Inquiry for special
ties comprising the food, chemical, rubber
and tei. tile groups, accumulations of those
Issues being based on tangible evidence of
general trade lmorovement.
The unqualified success of the Victory losn.
shown by the large oversubscriotlon.
alSO Sttmulatr1 th rtnnrl m rial n H nn.
tributed to the success of several new cap-
000 South
Pounds.
.. .450,189
.. .81 .-2e-2
Case 5.
.35,132
plurwithevatr. !"du"rt" nd.nV ndT fon waT without adverse "I
Veverth e .man .ZrfV 'V'Zl11 oa Britu" and Frencn w" "orations.
mB" shorts waited in hope wh, h Ru,,ian .. .,,1. m.,u.:
Seattle .......
aa. Francisco
...43,132
.. .82.SS7
Bank Clearings.
ot an eleventh-hour collapse of values. The
wait was futile, though, for the rush to
cover In the last five minutes of the ses
sion carried May up to the highest prices of
the day, 5c above the previous close.
Breaking of the drouth In the northwest
made the oats market relatively weak.
novi.ioii. averaged higher owing chiefly
strengthened substantially.
MARKET STEDY AT CLOSE
Bank clearing, of the Northwestern clUea 8 "Do" buying of lard. Strength of hog
yesterday were a follows: ' tlon" in various principal markets
Clearings. Balances, i a. a ouiusn influence.
Portland J5.07a.578 s edl..o
Seattle 8.78-M44 1.354.130
Tacoma .. 773.778 U25.U1
Spokane X.&42.616 700.559
Clearings ox forliann, beattie aca x acorn
CORX.
High.
Low.
1.63
1.55
for the past week and corresponding wees
in former years were
Close.
LS8
FEW LIVESTOCK SALES
MADE AT YARDS.
AKE
1919. .
1918..
1917..
1916..
1915..
1914. .
1913..
1912. .
1911..
1910.
Portland
.2.203.528
. 19.566.129
. 13.02 7.691
. 9.113.000
. 8.675.95
. 11.S12.465
. 13.750.575
. 1O.3U0.45O
. 8.661.258
8.395.678
Seattle.
S30.9V.5.370
27.553.237
17.911.41S
13.041.912
11.646.583
15.104.866
12,874,404
11,20.352
10.718.263
11.071.992
i Sept
Taooma
S3. 822. 960
3.662.447 Jnlr
2.761. ISSS I Sept.
1.977,628
2.45S.3S
2,751,653
4,772,604
4,129.151
5.447.691
.T,
'.ft
Total Portland bank clearings for May of
this and former years were:
-65
B0 .23
43.75
82.59
31.90
2T.95
27.30
May. 1919
May, 1918
May, 1917
May. 1916
May. 1915
May. 1914
May. 1913
May, 1913
May. 1911
May. 1910
tl32.82S.654
. 96.S53.218
. ... 7:i.n4.3:"2
49,417.011
. ... 40.U32.319
47.6C3.567
.... 61.467.133
48.594.638
44.518.67T
41.395.362
May, 1909. SO.334.061
rOBTLAXD MARKET QUOTATIONS
Grain, Floor. Feed. Etc
Merchants' Exchange, noon session.
June July
oats hid. bid.
No. 2 whit, feed . $0'.0O JO-'.OO
Barley
Standard feed .r. 52.00 62.00
Standard A 53.00 03.50
Eastern oats and corn, bulk:
Oats
No. 3 white 49.00 49.00 1
No. 38 clipped whit 60.00 60.00 i
Corn
No. 3 yellow 69.00 67.00
No. 3 mixed 67.50 66.50
O n t.
May $1.64 XU67
fee pt. 1.554 1.59
OATS
Jnly ...... .6TH .csv
64 S .66
MESS PORK.
50.25 49.153
49.00 48. 75
LARD.
Jnly 82.25 S2.57 33 50
faept- 31.60 81.80 S1.60
SHORT RTRR
uly 27.70 28.00 2T.70
Sept
(asn nrfce ctt-. - fnnw..
Corn No. a v n - or i ? a .
V 1 ' r W riAm us v- re . 1 . .
- : . - ye now, nominal.
6Q7oT wlte. 67,8tSic. standard,
J-:ye :Vo. 2. 81.51.
Barley $1.13 1.23.
Timothy Nominal.
Clover Nominal.
Pork Nominal.
Lard "4 5n
Ribs 23.5029.5.
Grain at San Francisco.
SAN FRANCISCO. May CL Flour, SI 2. 90
f. o. b. warehouse.
VJIflIU v UBBL. ill 7 Aat rsl fsarl "7 "7f i r . .
... . - - I i-uiuiduii to lair aieflri.
a -u : com. uaiilorn a vai ln en i k n ia . i , m . -w. i
l-aney. ISO. I red, 1913 croc S2.50& 2.52 u. I Medium to laod cowa. h-lfers.
Hay Wheat Or Wheat AnH -v t t1ft?1fl I- lr In mt In m ftsarm halfcrsi
u..ij:t iit&iv; oariey, mg)i4; alfalfa, I canners
DUMB
No Indication of Material Chang In
Price Eight Loads Are
Recclxcd.
Elct leads of stoeJc were received at the
yards yesterday, but there was little busi
ness done durins the half day of trad ins;.
The market closed steady la all lines, with
no Indication of material chance In prices
either way In the Immediate future.
Receipts were 114 cattle. 44 hoes and 344
sheep.
The day's sales were ast follows:
Wt Price! Wt Price.
8 hops 201 120 no! Shoes 20 $17.50
22 h ore 28 19 75! 9 lambs .i8 14. 0O
lho; 1W 19.751 5 lambs. ... 47 11.00
1 hor SOO 18.0O, 1 buck 140 7.00
ft ices quoted at me local yarns loiiow:
Cattle-
Best steers
Good to choice steers....
Medium to choice steers.
Fair to good steers-. .
Transfer Made in Portland in 1892
Held to Bar Claim of Nephews
by Seattle Court.
OLYMPIA, Wash.. May 31. (Spe-
laL) In a ease, the atory of which, tn
the language of the supreme court.
could only be adequately analyzed in
tsaizac a "Fere Goriot." William B.
Bushnell. who died two years agro In
Wisconsin, is declared to have left no i
property to be administered in Kins;
county.
Mr. Bushnell Is described in the u-
reme court opinion as a man of eupe-
lor attainments and education, who
was .the victim of recurrent insanity.
He stripped himself bare of property In
892 In Portland by making over to his
wile his capital tock in the Seattle Ice
om party and similar holdings in Port-
and and T acorn a, thereafter to lead a
ort of fugitive life, alternating be
tween long sojourns in mental hospitals
with lucid Intervale, for the most part
periods of unrelieved poverty and ne
glect, the supreme court declares in an
opinion written by Judge Kenneth
Mackintosh.
In these years it is related the value
f the stock became exceedingly great.
the wife being crdited with a dominati
ng personality and ability in manage
ment. With expression of a wish that
might be otherwise, the supreme
court says the "respondent has estab
lished her right to her pound of flesh."
Mr. Bushnell was released from the
Illinois state hospital in 1914 and went
o Wisconsin in search of nephews
whom he wished to make his benefi
ciaries after his wife was provided for.
rie died there in 1916, leaving such a
win. wnicu the widow contested on
petition of Calvin E. Vilas to be ap
pointed administrator in King county.
The final conclusion makes his belief
that he had anything to beaueath only
a delusion, as the wife retains full title
to it.
tluld; barley straw, SOfifSOc bale."
Minneapolis Grain Market.
MINNEAPOLIS, May SI. Barley, $1,090
Flax, $4.304.32.
Doltith Linseed Market.
DULUTH, May SI. Linseed. $4.2404.30.
basis, f.20 per
WHEAT Government
bushel.
FLOUR Patents. $11.45 delivered. 111.30
at mill; bakers', $11 15 11.30, whole wheat.
iu.-j.-iftiu.4u: graham, Jiu.ua 3 lo.o.
M1LLFEED Aliil run t. o. b. mill, carlots,
S37&3S per ton. mixed cars. $37. 50538. r0:
ton lots or over, $38 '540; less than ton, $40
(tAl: rolled barley. st0a.62: rolled oats. Sol
eround barley. $60.
tutus wno.e, ton. S7&; cracKeo. 77 per 3447
H A T Buyln g prices f. o. b. Portl an d ;
Eastern Oregon timothy, $36 37 per ton ;
aiiana, ; vaney gram nay, ztas
clover, $2628.
SAN FRANCISCO PKODICB MAJULET
Prices Current on Eggs, Vegetables, Freeh !
Fruits, fctc. at Bay City.
BAN- FRANCISCO, May 3L Butter, fflo.
Sgs Fresh extras, 51c; firsts. 50 Nc:
irCSIl HXLrft IrUHOLO, IOC
Cheese New firsts, 30c; young Americas.
Poultry Hens. 34'!l3Se: roosters. Tnnr.
toiauc; om, u'tp-c; iryers, 4U4c: broil-
ers, 32333c for amall. 30&3Sc: laree
34 35c lb.; squabs. $33.50 dozen; pigeons.
vegetables Asparagus, graded. 10 31 lie lb;
Dairy and Country Produce.
BUTTER Cubes, B 2 -score. 69c: fil-seore, I eSS plant, 15&20c lb.; peppers, bell, 2030c
oc; wu-score, ooc: prints, parenment I " omawa. cnne, jr;
wraDDera box lota 58e: cartons. &ic: half I summer squash, 85c$l crate or box:
boxes. Me more; less than half boxes, 1c ! tomatoee, $3.5Ujg;4 crate. No. 1 Mexican; let-'
67 & 60c per pound.
case count. 45c;
more; butterfat. No. 1,
station.
EGGS Oregon ranch,
candled. 46c: selects. 46c.
CHEESE Tillamook, f. o. . Tillamook:
Triplets, 34c; Young Americas. 35c; Coos and
(jurry. r. o. D. Myrtle foint. iriniets. 33 c;
xotine Americas, df v.c; longnorns, a-tc.
POULTRY Hens. 30c; broilers, 30 32c;
geese and live turkeys, nominal.
VEAL Fancy, 20c per pound.
PORK Fancy, 26c per pound.
Staple Groceries
Local lobblnc quotations:
SUGAR Sack basi3. Fruit and berry,
sy.oo: beet. ia.4&; Honolulu cane, su.ou: ex
tra C, $9.15; powdered in barrels, $10.25;
cubes in barrels. 1U.4.".
NUTS Walnuts, 2735c; Brazil nuts. 35c;
filberts, 2c; almonds, 24 Q 30c; peanuts.
11 re 15c.
SALT Half-ground 100s, $16 per ton;
ous, i 1.9 per ion; uairy, per ion.
tuce. 75c $1.25 crate; potatoes, now, $4" a 5
cental ; sweet, so (& o.ou; onions Bermuda,
j. crystal wax ana yellow, 3.50i
3.75 crate; green. $1.752 box; rhubarb and
Btrawoerr.es, s i.3&(i; 1.7a box ; green peas.
bay No. 1, 6H6c lb; do. No. 2. 4&5c; do.
Half Moon Bay, 7 S:bc; cucumbers. S2iv
2.25 box; spinach, 7.1c $1.25 crate, string
beans, Kentucky Wonder. 13 3 15c lb; wax.
izi3c; poie, i-wiic; carrots, 9404.50 sk
green okxa, 20(&25c lb.; green corn, 20 40c I Totals U. S.
aozen.
Fruit Lemons, $3fD4 box; Valencia
oratigs. $4.25 5.25 ; grapefruit, $3.50 fp 4. 50
box. fancy : tangerines. iJ.iyO (a, box : ba
nanas, SS'c per lb; pineapples. $3&4 dox.
small, s'iio large; apples, .twuiwn piDDlns.
S3. 2534 box; loquatt;. 6 8c lb; peaches, $
r z. -o crate ; tigs, .zi (a. z dox lor M isstons
and Brunswick ; white. S1.25 1.50; straw
oerrteo, $10 U 15, according to grade: crated
berries, $27 2.25 crate; raspberries, $2.50 fi. 3
crate; biacaberries. .i per crate; cherries.
bulk, black. lO'g. 12c lb. ; white. 68c;
$11.0012.50
10.50 2 11.00
IO.OOiX 10.50
8.75 9 75
7:75 fit 8.75
9.50&11.00
6.50(0 7.53
4.50 tw 5.50
2.000 4. OA
. 5.00 9 8.50
Calves 9 GO'? 13.00
Stockers and feeders 7.00 lu 00
Worn T
Prime mixed........... 19.50 19.75
Medium mixed ia.ousio.ao
Pough heavies is.uo-j) 18.73
Pig 1L75125
Sheen
Prima serin r lambs. ........... 1 4.00 1 5 00
Fair to medium lambs 12.5013.25
Yearlings 7.00& 9.50
Werners 7.00 s sa
Ewes 6.00 O 8 00
SEATTLE. May 81. Hogs Receipts. 218.
Weak. Prime. 120.15 ff 20.5 : medium
choice. $20020.10; rough heavies, $1818.25
piga $18 19.25.
Cattle Receipts. 253. Steady. Best
steers $11.50013.60: medium to choice,
$10.50&11; common to good, $7310; best
cows ana neiiers, isgij; common to goo a.
ft i.uu; ouiis, tDtriu; caives 9v IN
STATE ORIGINS OF LIVESTOCK LOADED
Shipments to the Leading Markets of the
Pacific Northwest.
State origins of livestock loaded May 0,
1919:
For Portland
Cattle, Horses.arixed
Calves. Hogs. Sheep. Mules. Stic
Idaho . ..
Oreffon ... 2 3
Washington. ... ...
i ota is fortiana
One week ago.. 80. 5
Four weeks ago 2 J 3 ...
One year ago.. 13 6 2
Loaded for other markets
.2257 lti!0 59T
One week ago.. 3137 3060 610
Four weeks aeo 3V.I8 2517 130O
One year ago... 233 1249 768
11
18S
301
175
191
454
259
RICE Japan style, 934c; blue rose, 10c aprlcata, $33.25 crate; gooseberries, 08c
Total 34.603
The butter market for the past week.
reported for Chicago, New York, Boston and
Philadelphia, has exhibited an easy, unset
tled and rather forced appearance. It has
been a typical "bull" and "bear market.
Supplies of fresh butter on hand have been
liberal and receipts have been constantly
Increasing. The bulls, banking on a future
heavy export demand and on heavy storage
buying, looked to see the surplus quickly
taken up, while the bears figuring present
prices too high for extensive storing, thought
accumulations would break the market. So
far the bears have been more nearly correct,
aa prices have been forced downward about
3 cents on all markets.
2 26 6 13
14 14
9 69 23 26
14 3 26 19
1099 2745 758 3177
4S0 1327 2565
1
3 .... 3 2
43 199 1213
87 .... 299 1607
3-15 1 1
.... 4 3
100 16S2 598 2557
331 16SS 1104 3U93
head. 12c per pound.
BEANS Buying price, large white, 6
5ric pf?r pound; rea, 4c per pouna.
COFFEE Roasted, in drums, 3042c
Fruits and Vegetables.
FRUITS Oranges. $4'0.23; lemons,
$3.75(0-6 per box; bananas, 83 t& 9c per pound;
apples, 55 5.50 per box; grapefruit. $4
4.25 ; strawberries, $3. 73 4.00; cherries.
1025c per pound; cantaloupes, $C14
per crate.
v tdti i An anoage, o.uu per juu
pounds ; lettuce, $2.25 1&2.50 per crate; pep
pers. 3Uc pr pouna; articnoKes. uc; cauli
flower, S3. 25; beets, $2.aO per cack; car-
pound; cantaloupes, standard crate, $7kf8;
waterme ons. So 10.
Receipts Flour, H954 quarters; barley, 54.-
S29 centals; beans. 2707 sacks; onions, 367
sacks; potatoes, 2093 sacks; hay, 210 tons;
bsiac-a, 1044; wine, zw gallons
Eastern Dairy Produce.
NEW YORK. May 31. Butter unsettled
creamery higher than extras, 5556xc;
extra, ouc; zirsts, t- (a uc.
Eggs weak; fresh gathered extras, 48H0
49c; fresh gathered northern section firsts.
4.1 V-45c; ditto southern, 4344.o.
Cheese easy: state wnoie niiiK xiats coun
try make specials, 32j324c; ditto average
Omaha Livestock Market.
OMAHA Neb., May 31. Hogs Receipts
9500. Market active to 510c higher. N
heavyweights here. Top. $20.05 bulk, $19.80
fit 19.95; heavyweight, $19.90 20.05; medi
umweight, $19.8520.05: lightweight, $19.75
ifl9.90; light lights, 19.Z519.75; heavy
packing sows, smooth. $19. 5 19.90; packin
sows, rough, $19.50 19.75; pigs, medium.
S1T.7SA1S.75.
Cattle Receipts, iroo. Market compared
with week ago: Bef and butcher cattle- $1
a1 1.25 lower; stockers and feeders, 75c
lower.
Sheep Receipts, 300. Market compared
with week ago: All classes about steady.
DISCOUNT OPERATIONS ARE ENLARGED
rots, $3.50 per sack; turnips, $3.25 per rxn, 81 ?314fcc; ditto twins, specJals, 32 (o
CORN BIDS RAISE TJF TO HALF DOLLAR
Offers for Eastern White Oats Lower on
Local Board.
There was an advance of 50 cents In corn
trtds at the Merchant's Exchange yesterday.
Bulk white oats were 50 cents lower and
other bids were unchanged.
Weather conditions in the middle west, as
wired from Chicago: "Minneapolis part
cloudy, 80. Chicago, clear, 'warm. Peoria,
partly cloudy. Missouri and Kansas, partly
cloudy, warm. Sad alia, rain. Omaha, partly
cloudy, warm. Little rain yesterday. Ohio
valley, clear, warm. Forecast Grain belt,
all states, showers tonight and Sunday,
cooler."
Argentine wheat shipments this week were
15.000 bushels to the United Kingdom, 843,
OOO bushels to the Continent and 103,000
bushels to Non-European ports.
Terminal receipts, in cars, were reported
by the Merchant's Exchange as follows:
Wheat. Barley.Flour. Oats. Hay.
Portland. Satur. 27
"Year ago
Total this week R
Year ago 25
Se:.son to date. 7459
Year ago 3814
Tacorna, Thurs. S
Y'ear ago 15
Season to date. 5402
Year ago 5553
Seattle. Thurs. . 2
Year ago 1
Season to date. 5343
Year ago. .....
NORTHWESTERN GRAIN CROPS GOOD
Wheat and Barley Harvest Is General In
Southern California.
Crop conditions In the coast states are re
ported by the weather bureau as follows:
WASHINGTON. Grasses and small grains
in good to excellent condition, especially
winter and spring wheat; barley, good; rye
generally headed; winter wheat beginning to
head; oats all sown, except in wettest local!
ties; alfalfa about ready for cutting; corn
planting continues, some Is now up.
IDAHO. Good growing weather, except
too dry. First cutting alfalfa begun in
Lewlston valley. Considerable acreage of
corn being planted.
CALIFORNIA. Barley and wheat harvest
becoming general in southern counties. Early
sown wheat, barley and oats in northern
counties filling nicely. Late sown poor.
much being cut for hay. Good second-crop
alfalfa being harvested.
ARIZONA. Wheat harvest begun ; yield
large and quality excellent. Second cutting
alfalfa begun.
UTAH. Com coming up to good stand.
Barley, wheat, oats and rye fair to good;
sack; cucumbers. $1.502.25 per dozen; to
matoes, $3,20 44.50 box; spinach, Sc per lb.
peas, 11 12c per pound ; rhubarb, 7 H & 8c
per pound; asparagus, $2 2.25 per crate.
P O T A T O E S Oregon Burbanks, best,
11.73: new California, 7 8c per pound.
ONIONS White, $4.75 per crate; red.
5ic per pound.
Provisions.
Ixca! lobblnc Quotations:
HAMS All sizf-s, choice, 41HM2c; stand
ard. 41c; skinned, 35&36c; picnic, 29c; cot-I
taere roll. 3Sc.
LARD Tierce basis, 35c; compound, 26 c I
ner pound.
DRY SALT Short, clear backs, 29934c;
dates. 2o ' 2Sc: exports. 31 c
BACON Fancy, 53 55c; standard, 46
49c; choice, 3 (o -iisc
Hops, Mohair, Etc.
HOPS Oregon, 1918 crop, 45c; 1917 crop,
272Sc; 1916 crop, loritc per pound; tnree-
vear contracts. 3uc. 28c, 25c.
WOOL Eastern Oregon and Washington,
40 57c per pound; valley, 40&55c per
pound.
MOHAIR 1918 clip. 55c per pound.
TALLOW No. 1. iAc per pound: No. 2.
6iac per pound; grease No. 1, 6Vsc; No. 2,
5?feC per pouna.
CASOAHA BARK New, 10c per pound.
GRAIN oAua -In carlots. 13C
Hides and Pelts.
HIDES No. 1 salt-cured Maes. 30 lbs.
and up, 20c; No. 1 part-cured hides, 30 lbs.
and up, lKic; No. 1 green hides, 30 lbs. and
up, 17c; No. 1 salt-cured bull hides, 30 lbs.
and up, 14c; No. 1 part-curea duii niaes,
50 lbs. and up, 11c The price on No. 1!
hides will be lc per pound less than on No.
1. No. 1 calf skins, up to 13 lbs.. 45c; No. 2
can bK ins, up 10 10 ids., jc; is o. 1 ivip skids,
15 to 25 lbs.. 25c: No. 2 kip skins. 15 to 23
i lbs.. 23c: dry flint hides. 7 lbs. and up. 30c;
drv flint calf hides, under 7 lbs.. 40c; dry
ealt hides. 7 lbs. and up, 24c; dry salt calf
hides, under 7 lbs.. 34c; dry runt stag or
bull hides, 20c; dry salt bull hides. 14c; dry
bull hides and skins, half price; dry horse
toirlR. accordine to size and Quality, each.
$1.50 10-3; salt horse hides, skinned to hoof
and head on, $36; horse hides with heads
oti. 50c less.
Increase of Forty-one Millions Reported
by Federal Reserve Banks.
WASHINGTON, May 31. Discounts of th
12 federal reserve banks, which totalis
$2,173,042,000 at the close of business Ma
29. increases 4i,uuu.wu over tne previo
week, according to tonight's official stat
ment of conditions. The Increase came chief
ly in bills secured oy government war obll
gatlona The consolidated statement foi
lows:
RMOurec:
ftr.t 41uai2fi: ordinary firsts'. 40 140 We ! Gold coin and certificates. ...$ 846.618.000
I i.h.HoH Ani&i- .tnr IGold settlement iuna k.
r.24c; ditto average run. 31431c.
CHICAGO. May 81. Butter lower. Cream
ery. .oo.r.5c
Esrb Lower. Receipts; 3,itw cases;
ags packed firsts, 42 .43c; extras. 439
43 He.
Poultry, alive, lower, rowu, s-tto.
Decrease In Sarplns Reserve.
NEW YORK. Miy 31. The actual condi
tion of clearing house banks and trust com
panies for the week (five days) shows that
I Gold settlement
board
586.742.000
I0W WINS WILL FIGHT
B. BCSHXELU HELD VICTIM
OF RECURRENT XXSAXITT.
TRAVELERS OFF FOR EAST
Oregon Delegation Plans to Bring
Next Con Tent Ion Here.
Tho Oregon del. .ration to the na
tional convention of the Travelers Pro
tective association will leava this morn-
Ins- at 9:30 o'clock via tho Union Pa
jific for New Orleans with the avowed
purpose of securing the next national
convention for Portland.
A day will be spent In Chlcasro and
another day at the national office of
the association at St. Louts. From there
special train will be made up of
western delegates, and will leave Sat
urday afternoon for New Orleans, ar
riving there Sunday morning.
The Oregon delegates are well sup
plied with literature advertising; this
section or the country, and have ar
ranged for a quantity of loganberry
Juice for distribution at the convention.
A number of unique stunts have been
planned by the Oregon delegation.
The delegates representing Oregon
are Roy C. Slocom. Clyde Evans, Pau
C Morton. W. L. Grlnnell. Paul J. Bulll
van, A. E. Brown. It. M. Dunne. Theo
Rothschild, Charles EL BaJey and Earl
Bunting.
BLIND PUPILT0 GRADUATE
Commencement Exercises to Be Held
for Joseph F. Stephens.
Commencement exercises for Joseph
h. Stephens, only graduate of thi
year's class at the public blind school,
will be held Friday evening at 8 o'clock
in the central library. The programme,
with two exceptions, will be conducted
by sightless persons.
Mr. Stephens will be graduated from
the piano tuning department. He will
be the fifth person the school has
graduated. The other four are now
earning their own living as the result
of the Instruction received 1 th
school. Mr. Stephens Is a married man
with children dependent upon him.
The speaker for the commencement
programme will be llllam F. wood
ward. The Portland blind school
located in the old Falling school on
First and Hooker streets.
Total gold held by banks.
federal nter
. 83S.360.000
Gold with
aicents fi.iM.T23.nno
Gold redemption fund.... l-'2.6r;8.000
Total gold reserve.
$2,187,743,000
they hold t22,civ,,i60 reserve In excess ot LeraJ tender notes, .liver, etc. . 67.363.000
loirnl requirements. xitis i. . nccreui o
f31.402.4-0 from last week.
Bar Silver Market.
NEW YORK, May 31. Bar silver, $1.08 H.
Mexican dollars, S4.
LONDON, May 31. Bar silver, 63d per
ounce. loney ana aiscoum uncaansea.
Total reserves (2,205. 106.000
Bills olaeounted (secured by
aovernment war obllcatlons) .Il,02.8!3.0n0
All other 188.4!s.rtno
Bills bought In open market. . 1S3.050.000
TOURIST. SEASON BRIGH
Klamath Falls and Bend Prepare for
Big Business.
KLAMATH FALLS. Or., May 31.
(Special.) W. C Bird sail, proprietor
of the Pilot Butte Inn at Bend. Or.
came in on a flying: visit yesterday to
call on his friends In Klamath Falls and
work up a closer co-operation be twee
the two points in taking- care of tour
ist travel east of the mountains.
There Is going to be a tremendous
amount of travel through here thi:
year, Mr. Birdsall declares, the Call
fornia Tourist association bavins; rout
ed all the tourists through via Klamath
Falls and Bend, and he believes that
every effort must be made to make
their trips pleasant in order that th
country may be favorably advertised.
This is to be the playground of Amer
ica, he declares.
Total bills on hand...
Dried Fruit at New York.
NEW YORK, May 31. Evaporated apples.
quiet and firm; prunes In demand; peaches
firm.
T7. S. g-ovemment bonds.... ...
U. o. victory noi.
U. R. certificates of Indebted
ness
Total earning assets
...2.173.042.000
27.1R1.000
83. 000.000
201.800.000
COAST AT EASTERN DAIRY PRODUCE
Bank premises .....9
Uncoil ected items ana omer
riArinntions from rrosa receipts
Butter Market Conditions at Leading Dls- I Five per cent redemption fund
a.t !. I against r. t- uaiiK, uuics.
$2,402,056,000
10.tr06.000
634.639.000
San Krsnelsco and eastern dairy produce
rrort received by wire by the Portland
office of tne bureau of markets yesterday
follow:
Chicago. The batter market Is weak and
prices were lowered balf a cent on 02 score
to 55c today and from a half to 1 cent on
centralized cars. Some butter has con
tinued to move to storage on dealers ac
count, however, and speculators have been
sufficiently active to lend some degree of
support to the market. Trading was very
liciit today and conditions unsettled, vv ith
the holiday and bunaay receipts aoaea to
present accumulations, dealers were pretty
All other resources
Total resources
10.035.000
.$5,321,785,000
lMnbllltles
r.ritsi nairi In .... S &2.S9.0nO
Surplus 49.466.000
Government deposits 141.470.000
Due to members' reserve sect.. 1.656.11S.oon
Deferred availability items. . . . ijl7.633.0uu
Other deposits. Including for-
sign government; creuits. ... lau.otuuu
PELTS-
Dry long-wool sheep pelts, per skeptical as to the market. Cars in fair A other "abilities
Total cross deposits S2.4fVV5M9.0n0
F R. notes In actual circulation 2.619.292.000
K R hank notes In circulation
net liability wn.i-zi
lb., 25 35c; dry medium wool sheep pelts,
per lb.f a0'3 3uc, dry shearling sheep pelts,
each, 50''a7ac: salted long wool sheep pelts.
each, J.Sin; fcaneti meaium wool sneep pens,
each, $1 'ft 2 ; salted shearling sheep pelts,
each. 5u&75c
supDly but very weak.
New York. A decline or ie took place
In the market today. Trading was very
unsatisfactory with heavy arrivals at the
docks. Ivittle interest was noted
Tn t Ftsn.-t M ft v Rm fmn1i!rl
r beine taken to organize a dairv charged their methods and are making
! ... , .,, -, r-a.TAv i market was still weaa ner tne aecitne
narkers and dealers to arrange plans. I ' ' " " L" " 1 " . -
Portland had such an exchange a few years tubs. fctoras;. nosings were mcreasea ai
K.. I n-a o nnf n .nrPri. Th. m.thnH, I mOSt Halt
anrt aunDort was withdrawn. The principal San Francisco. The butter market w
.M.i.m riii-f.red as-ainst the old bnaH 1 very aulet today, due to the partial ob
was its practice of fixing quotation that were servance of a local holiday and also to the
not based on actual sales. weak feeling and lack of buying Interest
among dealers. ine ouying. ana selling
Naval Stores. I basis Is unchanged, although this does not
SAVANNAH, Oa., May 31. Turpentine I represent true conaiuooa, ana tn. feeling
firm. SiVc: sales, none; receipts, til bar- general teat . pnee aojust-
Total liabilities $5,321,785,000
Ratio of total reserve, to net deposit and
F. R. not. liabilities combined. 61.8 per
cent
Ratio of srold resenre, to F. R. note. In
bur.er"-, .t E"behm.,lefS.r, r."! ---"'""tTo.iVM"8! r" I htM from the courthouse stepg. Oood
Fish Car Rate Held High.
SALEM. Or, May SI. (Special.)
Chairman Buchtel of the public service
commission today wrote to the United
States railroad administration tn an
effort to procure a reduction in the
transportation cost of the fish car oper
ated by the Oregon fish and game com
mission. He calls attention to the fact
that under the present rate fixed by
the government It costs the. state $15 to
transport the fish car from Portland to
Bonneville, whereas under private own
ership the railroads charged but $3.90.
$35,000.00
School District Bonds
Umatilla County, Oregon
Union High School Dist. No. 2
Principal and Semi-Annual Interest Payable at the Fiscal
Agency of the State of Oregon. New York City.
Denomination. SIOOO Each.
Dated Jose 1. 1919.
Due without right of prior option as follows:
VSOfto. Jnne 1. 1823 tsoon. Jane 1.
SOO. Jnne 1. 1923 (MOO. Jane 1. l-
SOOO. Jane 1. 1924 5noa. Jane 1. 1027
f-iOOO. Jane 1. 1928
FINANCIAL. STATEMENT.
True -rnlae of property (estimated) Mt.ono,000
Assessed valuation. 1918 2,852,840
Population 1919 (estimated).. . 3O0O
Cnlon High School District No. . Umatilla County, Oregon,
comprises fourteen school districts and is situated in the heart
of the wheat-growing section of Umatilla County.
The purpose of this bond issue is for the purchase of a site
and the construction of a High School building In the said
district.
TO YIELD 5
Liberty and Victory Bonds
If roe must sell your Liberty or Victory bonds, .ell to u.
If you can buy mor. Liberty or Victory bonds, buy from us.
On Thursday. May 29th. th. closing Vew York market price, war. as rten
o.tow. 4 Market closed Friday and Saturday.) They ar. th. governing price,
for Liberty and Victory bond, all over th. world, and th. hlghost. We ad
v.rtls. the., price, dally In order that you may always know th. New York
market and tho exact value of your Liberty and Victory bonds.
SH 1st 4s 2d 4s 1st 4Vs 2d IHi Sd 44s 4th 4. V. Ss V. 4
M'k-t pr..$ $35.tVi 94.S $95.70 'J5.1 S95.-J0 $s.4 $100.00 $ 9.S3
Ac'd Int.. (1.62 l.bd .19 1.97 .2u .81 .64 J 3 J4
Total.. 1101.18 $87.54 $90.07 $87.67 $85.38 $8.81 $3.5 $100.13 $100.08
When baying w. deduct 37e on a $-0 bond and $2.50 on a $1000 bond. We
sell at the New York market plus the accrued Interest.
BIRGLAK AND FISEPBOOF SAFE DEPOSIT BOXES FOB KENT.
MORRIS BROTHERS, Inc.
THE FRKMDZB. MCNICITAX. BOND HOUSE
Established Over :$ Yean. '
309-311 Stark St. Bet. 5th and 6th (ground floor). Telephone Broadway 213X.
EXCLUSIVE DEALERS IN
BONDS
GOVERNMENT CORPORATION MUNICIPAL
ROBERTSON & EWING
207-8 N. W. BANK BLDG.
PORTLAND, OR.
FRANK ROBERTSON
II. C. EWING
Goverment and Municipal Bonds
Bought and Sold
(. Devereaux &(5mpany
87 SIXTH STREET BROADWAY 1042
Ground Floor Wells-Fargo Building
First Mortgages on Improved Farms
in the Willamette Valley
Interest 6
Interest and principal collected and remitted without expense.
COMMERCE SAFE DEPOSIT AND MORTGAGE
COMPANY
91 Third St. Gronnd Floor Chamber of Commerce Bid?. Main 3067
May Tea Imports Light.
Tacoma, May SI Tea Imports
through this district, of which Ta
coma Is the examining; port, have
reached the low ebb. Examiner L. G.
Fenton said today. In May 2259 pack
ages were Imported aggregating; 166.-
612 pounds.
music will be provided and Judge Clee
ton of Portland will be the principal
speaker.
$r. ewit and effep
$100,000
Short 'Term
Oregon City Elks Set Flag Hay.
OREGON CITT. Or, May 31. (Spe
cial.) The local Elks' lodge will hold
its annual Flag-day exercises Sunday,
June 15, and an appropriate programme
will be given. These exercises will be
LIBERTY BONDS
CASH PAID FOR BONDS, FULL. MARKET PRICE WITH ACCRUED
INTEREST. LESS SMALL. CHARGE FOR SERVICE.
barrels;
stocks, 7Gos
rels; shipments.
barrels.
Rosin firm: sales, 194 barrels: receipts, 444
barrels: shipments, 550 barrels: stocks. 55.
il5 barrels. Quote: B, S10.50: D, E, $10.65;
F $10.65; G. $10.70; H. $10.75; I. $11: K,
$12.30; M, $12.55; N, $13; WO, $13.23 WW,
13.30.
The occupations of civil war soldiers
were as follows: Fanners, 1,372.333:
mechanics, 686,192; laborers, 457.461:
commercial pursuits. 142,957: profes-
I sion&l men, 85,774; miscellaneous, 114,-
ment must take place shortly. In the mean
time surplus stocks are Increasing;, heavy
In storage movement continues, all of
which Is causing; a somewhat depressed
feeling;: 93-score, 59c
MOTHS OF I N FA KALI. EI. KD TRADING
Stock and Bond Transfers Twice as Large
as Year Ago.
NEW TORK, May SI. Business on the
stock exchange this week was limited to
our full sessions, but the turnover In that
comparatively short time lacked nothing
in point of activity or variety, the first day'
Saturday, May 3L
Price for 1100 Bond $101.08
2d 4a
195.05
3d4Ks
896.80
4th 48
896.01
TOU CAN BORROW CASH OF US ON LIBERTY BONDS, WAR SAVING
STAMPS OR MONET TO FINISH PAYING FOR VICTORY BONDS. BET
TER PREPARED THAN EVER TO SERVE YOU, OR TO FURNISH AT
TRACTIVE INVESTMENTS FOR CLIENTS SEEKING GOOD MORTGAGE
LOANS OR BONDS.
SEE EXILE BURKITT. PRESIDENT
OREGON BOND & MORTGAGE CO.
21J SELLING BLDG,
BONDS.
COR SIXTH AND ALDER (SECOND FLOOR).
MORTGAGE LOANS. INSURANCE.
Municipal
Gold Bonds
Burnaby
British Columbia
Sixes at 98.85
to yield 6
Ask for eMails
BLM.
pfcsrTNWDrzm Bank
Freeman
Smith
Camp
Co.
I
OVERBEGK &
COOKE CO.
Broken, Ptrk, Ron da. Cottak.
Grain. Et.
Il-tl7 BOARD OF TRADE BLDG.
MEMBERS CHICAGO BOARD OF
MEMBERS
CtTwtwm rtenf of eUra A Bryma,
Cbiemso and New York.
Kew York Stork Exrhmoff.
Chicago Stock Exttuora.
Boat on Stock Excbanre
Chlcavo Board of Tra do.
New York Cotton Exchanr.
New Orleans Cotton Excnaafa.
New York Coffee Excbanca.
New York Produce KxetuuLt.
Liverpool Cotton Aae'n.
J. B. Steinbach & Co.
STOfKS. BONDS. COTTON. GRAIN.
201 -2 -a Railway Exchange Building.
n. F. Hnttoa A Co.. Coast - to - Coast
Leased Wire.
Accounts Carried om Ceaserratlve
Alarslsus.
Tela. Mala 3S3-SS.
FREE MAP,
large Map In colors, also the
STORY OF RANGER
th. greatest of all oil fields.
CTRTIS. PACKER CO.
t.0 Brojd 6u. New York.
"The Ranger Road to Riches"
The first complete and correct statisti
cal record of all th. Ranger and Texas
Oil stocks traded la on tne New Tors;
Curb. It's Free!
C. E. HERRICK & CO., INC.
7 Exchange Place. New York.
--..