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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (April 3, 1921)
f1 THE SUNDAY OREGOXIAX. PORTLAND, APRIL 3, 1921 IWDUSTRY HIT WHEN F 1 BUYERS BALK and S. H. Silkworth of Portland and K. L. Dorn and L. N. Bishop of Under wood, has a capitalization of $25,000. The mill is on Back creek, a few miles west of Northwestern lake. Building operations at the mill are about com pleted. ROAD FUNDS' SWITCHED CASCARA SEASON - WILLSODNOPEN Cut in Purchases Felt in All Directions. All Washington Moneys to Be Han dled by State Commissioner. SPOKANE. -Wash.. April 2. All funds to be expended for maintenance and repair of state highways will be narrated in the future through the MORE DIVIDENDS PteStt):' UA57LZ y i through county engineers and dis- fcvlct engineers, according to County t Engineer Harry Baker, who returned 10 Spokane from Olympia toaay. The change has been made because some counties are said to have abused the privilege of holding the funds and expended state highway maintenance fuids to construct local highways, Mr. Baker stated. . Ready Market for New Peel Is Expected by Dealers. GOOD PRICE IS INDICATED Week Has Witnessed Idttle Im provement In General Trade . and Financial Situation. BT STUART P. WEST. (Copyright, 1021, by The Oregontan.) NEW TURK- April 2. (Special.) Little happened the past week to atfect the ..sentiala of the flnandar situation. 1r hi to, be said, as M said a week : -th.r men oDinionl are widely ml V variance regarding the present business . position. - Manufacturers or iinomooi are decidedly optimistic because their treuatr. baa nicked up so - Mih.n th. last month. Textile mm . owners, looking at their business as com ' pared with wnat it was four months ago. are err confident. The same is true or :-- the boot and shoe and dry goods trauea. ' On the other hand, the steeL men. when i- theytalk privately about affairs; demare . tney can see nothing encouraging.- TnJ i. ..,-,.n. iru. of the heads or tne jr. . i arhlch II irt - . -- - .i.,i . in to CO per tent ' basis and miking a much smaller profit .. . - .kt. t K.xlnoaa than they were ml months ago. The big copper mines ,- of the country have shut down completely Z and while this win nasten nu.-j copper prices, it is a more drastic remedy ' than was thought necessary up to very c- recently. The price of wheat has tumbled : . to new low records an is back to where ; It was In 11)16. Other staples are down similarly and there seema no Immediate t DnHct of Improvement, tariff or no ; tariff. ,, J-- Buying Power Curtailed, f This means very plainly a sharp cur jr tailinent in the buying power of the agricultural community, which will make .'. iiMlf felt In all directions, particularly f among Industries which depend upon farmers as customers, such aa the agrl- ruitural implement makers and the pro ducers of fertiliser. Thus the whole business position is very much mixed and this Is what Is being reflected in the present stock market. Industrial shares have broken this week on further cutting and psssing of dividends and in prepara tion for a very poor showing in earnings for the first quarter of the year. This does not imply that prices at their December low leiel did not measure the full Iosjk that have occurred or are apt to occur In the readjustment period. But it doc indicate that during the substan , tial rallies In January and in the middle of March Wall street was figuring upon more of a trade recovery than has oc curred or than ia likely to occur yet a while. Therefore the market has bees I sensitive to the uncovering of fresh weak spots, to the various instances wnero rv adjustment has not been completed. It is a cause of gratification that the government at Washington has become aroused to the necessity of something being done to solve the critical problem of the railroads. This problem la no longer one of permitting the roads to earn a fair return on Invested capital. The new railroad act designed to accomplish this result haa failed under the teat of bad times. Raining Bates Reacts. It has turned out that rates cannot he raised sufficiently to allow earnings of SVi to 6 per cent on the property valua tion without hurting the commerce of the country seriously and producing an un favorable reaction upon traffic volume itself. To be sure the January results are not a fair standard to go by. mey pictured the transportation Industry In the worst possible state, the same as was the case with other lines or traae. The February statements were not as bad. Th ihrnrui'tht effect of the retrench ment programme which the companies have put into effect ana tnere is no ooudi that the consequences of these economies will be reflected still more forcibly in the figures for March. But while the cutting down of working forces will put the railroads In better shape to meet the heavy traffic losses, it will by no means be a thorough cure. Rates mu.st come down, and this Is as much to the interest of the roads as it la to the shippers. But rates cannot he lowered unless wages are lowered, or else the relation of expenses to revenue will be even worse than now. Railway em ployes have hitherto adopted the Inde fensible, Illogical position that where other classes or labor are accepting reduced wages, they alone must be exempt. This attitude will have to yield before the silent body of public opinion, which wants to see the problem solved, not because it is so keenly Interested in Investors in rsilway securities and certainly not out of any sympathy with the railway execu tives, but because it recognize that a reasonable measure of prosperity ' for the railroads ia absolutely necessary for the r .- well-being of business In general. GERMAN STRIKES BROKEN Belgian Troops Put Down Rising and Restore Industries. COBlfENZ. April 2. (By the Asso ciated Press.) The workers in the Krupp plants and the miners in the Rheinhausen, Moers and Crefeld dis tricts, in the Belgian occupational zone, resumed work today undir the supervision of the Belgian troops which put down the recent communist uprising there. Forty-three of the communist lead ers who were arrested will be court martialed. .... The Belgians have arrested more than S00 communists. . Buyers Will Probably Pay Six to ' Seven Cents Pounds Bulk of Peel Handled in Portland. Bradstreet's ' gave the North American exports for the week at 8,300,000 wheat and flour and 1.750,000 corn. John Inglls says: . "The per cent of damage by green bugs around Gainsville, Texas, Is slight. Berne fields may be put Into corn. Few bugs in fields; some frost nipped oats and corn, but they will come out all right. Grass good, fields green." Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: - - Wheat. Barley.Flour.Oats.Hay Portland Eat... 4 . 4 i Year ago - 7 15 Total this week 422 15 .14 Year aao 171 2 55 Season to date. 13572 228 Year ago 7321 Tacema Friday 19 Year ago ..... 42 Season to date. 3957 Year ago 0249 Seattle Friday. 9 Year ago 10 Season to date. 4057 Year ago 5414 234 674 171 3441 5 8 812 2715 1 1 7 324 690 4 1 23 48- 2 115 467 2U90 416 1868 ... 8 47 77 120 168 4 1 373 631 827 762 6 5 1203 1131 REDS ACTIVE IN CHICAGO Leaflets Urging Insurrection CrVcu- lated In City. CHICAGO, April 2. Leaflets signed by the- "United Communist Party" and stating that "the Russian work ers, showed us what to do . were spread broadcast here today, many being found ia the city hall and county buildings. The leaflets con tained an invitation to union labor organizations to Join in an lnsurreo tion. The plea was based on unemploy ment conditions. ROBBER LOOTS BOY'S BANK Masked Man Forces Lad to Show How to Extract Pennies. OKLAHOMA CITY. Ok la.. April 2 Police tonight are looking for masked man .who today entered the home of J. O. Brown and at the point of a gun fo.-ced 10-year-old Marshall Brown to show him how to extract pennies from the boy's savings .bank. He had obtained 96 pennies through the slot .'n the top of the bank when a noise caused him to flee, leaving 82. DAILY CITY STATISTICS - Compromise Is Forecast. . The prediction has been ventured already and may be put out again that a compromise will be reached after the question has been' threshed out in;' con gress and Investigated at length by the Interstate commerce commission and labor board under which the roads will agree to a recasting downward of rate sched ules, and wages will be lowered, not to the full extent claimed necessary by the companies but enough to allow a respect able margin of profit. The last report of the federal reserve board stated that while credit liquidation was proceeding, progress during the last month had been slow. From this the inference might follow that reduction of discount rates is not as near as many Marriage Licence. STEPHENS-WHITEMAN A. W. Ste phens, 23, 272 Sixth street, and Evelyn 11. Whiteman, 18. 270 Sixth street GOSSER-PRESTON FrSfh B. Gosser, 28, 825 Fifth street, and Helen Preston, 18, 113 East Seventy-fifth street. WEST-BCRKE Richer West, 21, 98 Knott street, and Laura Burke, 18, 1557 vncenr. street. ZELLER-OLSON Percy Dell ZeUer, 22. 953 But Twenty-fourth street North, and Alice Olson, 18, same address. HUNTER-WILLS Ones Hunter Jr.. le gal, Seattle. Wash., and Anna M. Wills, legal, 605 Junor street. K1JANKA-PANAK Walter Kljanka, le gal. o3S Morrison street, and Katie Panak legal, 43.! Eighteenth street North. M1LLER-CERUTTI Robert T. Miller Jr.. 19, 831 Mississippi avenue, and alary i:erum, in. same aoaress. GOUERRERA-VINTURA D. Gouerrera. legal, 907 Thurman street, and Rose B. Vintura. legal. HUSH Sheridan street. CENTON1-BRECHETTO Frank Cento- nl. 29. 108 East Fifteenth street, and Eva Brechetto. 21. 41 Kast Fifteenth street. SHEKRER-SCHM IDLER Rudolf Sher rer. legal, 248 Salmon street, and Celenne Schmldler, legal, 248 Salmon street. Taneouver Marriage Licenses. GARBER-WINFREE Joseph Curtis Garber. 29. of Oregon City. Or., and Etfie E. Wlnfree, 24. of Or-gon City. Or. HENDBRSON-SWARTHOUT Paul F. Henderson, 21. of Portland, and Thelma Elnorm Swarthout. 18. of Portland. CORGAN-COLLINS Edward Dolan Cor gan. 22. of Portland, and I. B. Collins, 19, of Portland. McGUIRE-PAULSON .Tames H. Me Guire. 24, of Portland, and Katherine C Paulson, 17. of Portland. EDGAR-THOMPSON William Edgar, 23, of Portland, and lnga Thompson, 19, of Portland. HKRM ANN -McGTJIRE William B. Her mann, 41, of Portland, and Rose McGuire, 44. of Portland. EHRLICH-EHRLICH Oscar S. Ehrllch, 27, of Portland, and Mrs. Susie E. Ehrllch. 27, of Portland. OTT-LOVELESS George W. Ott, 35. of Portland, and Alice R. Loveless, 38, of Portland. The new cascara bark season will soon open In the northwest, and the Indications are for a ready market at about or T cents a pound. The normal peel Is from 3,000,000 to 6.000.000 pounds, but in 1919 over 10.000,000 pounds of bark were peeled and shipped from - Oregon and Wash ington. In discussing the market outlook and the bark Industry generally, George at. Sullivan, a large buyer of this city, said: "We are beginning to get inquiries from the country districts about cascara bark. This is one of the products of Oregon and Washington which Is generally overlooked when we figure up the yearly output of raw materials from these stares. The total value of the yearly production of cascara bark varies, depending a great deal upon the demand for labor In the mills and logging camps throughout the timber sec tions where the bark Is Sound. When the mills and camps are Idle or only operating tn a small way, as at present, the men usually employed in the- lumber industry turn to peeling bark, and this no doubt will help to so've the problem of unem ployment this spring and summer. "Cascara bark ranees In value from to 10 cents per pound, and during the war, when labor was at the peak, 12 cents and even 13 cents per pound was paid to peelers for good dry bark. This season a fairly large, peel is anticipated, and it is predicted that the price will be lower than last season. It Is a little early as yet to say what new bark will bring, but mora than likely the price will be around 8 to 7 cents. "Cascara bark is usually peeled during the months of May to September, Inclu sive, while the sap is up. This season the peel will start early, probably the latter part of April, or even sooner. The bark is peeled from the tree commonly called barberry. Many call the bark chlttem bark, and it Is to be found along the creek bottoms on the Pacific coast from British Columbia to Northern California. Bark is only produced in this- section, with the exception of a very little which comes from the northwestern part of South America. ' "Many people take their vacations along the coast and spend a portion of their time peeling bark to pay expenses. Thou sands go to the Tillamook section and the Grays harbor country each spring for this reason, and many more than pay the ex penses of their vacation by putting In a little time each day peeling cascara bark, for which there is generally a ready mar ket In Portland, where most of It Is mar keted. It is -then shipped east to the larger drug concerns, which reduce It to liquid form and use It In hundreds of brands of patent medicine. "The name 'cascara sagrada was de rived from the early Spanish settlers. The Indians recognized the medicinal effects of this bark and called the tree the 'sa cred tree.' . Cascara meant 'hark and sa grada means 'sacred.' 'Each year it Is necessary to go farther back In the woods to find this bark, as the farmer is gradually settling up ,tha land closer to the towns." However, it I still plentiful and a good peeler. can take off and dry as much aa 100 pounds In a day's time. Almost anyone can peel from 50 to 75 pounds a day.' "Cascara bark brings from 300,000 to 1.000,000 eastern dollars to the western part of Oregon and Washington every year. Many make a business of buying up stumpage from the large timber In terests. These people produce bark on a large scale and find it a very profitable business." ALL ONION MARKETS ABE DRAGGING First Jiew Crop" Texas Bermudas bell Cheaper Than Teas Ago. ' There is very little movement in onions here and prices are weak at a range of 75 cents to s.1.25-to retailers. Throughout the east prices have declined to 40cl a sack. '. '..' The first car .of Texas yellow Bermudas, mixed No. Is and No. 2s sold at 4.506 a. crate in the Pittsburg market, which compares with last season's opening level around 16.50. The bureau of crop estimates reports a general reduction lh" acreage of Bermuda onions In -California. Louisiana and Texas. Total plantings V this season are 14.928 acres compared with 18.556 acres a year ago. A production of 6907 cars is fore cast, compared with an estimated pro duction of 8642 cars last season: Shipments of old stock fell off sharply, while movement of new onions from Texas Indicated an early season with 33 cars shipped. STOCK MARKET NARROW j -TOBACCOS AA SUGARS ARE WEAKEST FEATURES. APPLES ARE STEADY AT ALL POINTS Fair Demand During Week in Local Mar ket; Shipments Fall Off. . There was a fair local trade In apples during the week- and prices held steady at the former range. In the eastern markets apple prices are. also being maintained. Extra fancy north western Winesaps sold generally at I34 In the consuming markets. New York storage Baldwins were tteady in .the lead ing wholesale markets at $5 6 a, barrel. . Shipments of. boxed apples were 869 cars, compared with 394 the preceding week. and with 631 during the corres ponding week last year. The movement of barreled stock was 689 cars, compared with 791 the preceding week and with 420 during the corresponding week a year ago. Total shipments of barreled apples from New Tork state; March 26, had exceeded the movement during the corresponding period last season by approximately 20,000 cars. , Representative Industrials Affect- " ed by Bear Drive Sfear Close Bond Trading Nominal. NEW TORK, April 2. Business on the stock exchange today was dull and nar row. . . Tobaccos and sugars, particularly Amer ican bumatra Tobacco and American Beet sugar, were weak, losing 1 to 4 points on reports of adverse trade conditions and possible dividend passing. . Lasses among representative Industrials were relatively moderate until towards the close, when a drive against Baldwin Locomotive, Crucible Steel and Studebaker at net declines of 14 to 3 points unsettled ion general list. Pennsylvania marin inAlh. fractinnul decline to the new minimum price of 34, but other transportations were Inactive. Sales were 265,000 shares. Trading in bonds was nominal. Total sales, liar value. (4,250.000. CLOSING STOCK QUOTATIONS. ". - . Last Bales. High. Low. 4.200 40', 37 400 2 as 14 800 12214 1221, 800 43 54 42 14 600 85 1 85 700 3 " 36 1.200 91J4 90 Am Beet Sug American Can Am Or r Fdy Am Inter Corp Americn Loco Am Sm & Rig Amerco Sugar Am Sam Tob li.800 Bank Clearings. Bank clearings of the northwestern cities yesterday were aa follows: Clearings. Balances. Portland S4.S72.6n5 3779.490 Seattle 3,!.!S1 290.8S9 Tacoma 554.6.S6 109,700 Spokane 1,440.606 381.118 Clearings of Portland, Seattle and Ta coma for the past week and corresponding week in former years were: Portland. Seattle. 1921. ...827.109.716 324.75fl.4S6 4 1, i Am Tel & Tel Amer Woolen 3.ono Anaconda-.Cop . 600 Atchison loo At. Git & W I 23,700 Baldwin Loco 2.500 Bald v tlhio 1,000 Beth Stl "B" 3,700 Calif Petrolem 200 Canad Pacific 200 Centrl Leather - 400 Chand Motors 3,200 Chesp as Ohio loo Chi, M & St P 2i0 Chlcg & N W 200 Chi. SUP 3uu Chino Copper. loo Corn Products - 800 Crucible Steel. 6.400 Cuba. Cne Sug 2.400 Erie 50O Genri Electric 100 Generl Motors 9,200 Gt North, pfd - 30O Insprn Copper 200 It Me Ma. pfd 800 Internl Nickel . 300 Interotl Paper 200 K C Southern 900 Kenne Copper 300 Mex Petrolem 10.600 Miami Copper 200 Mid States Oil 3.000 Midvale Steel. 200 Missouri PaCif 100 Nevada . Coppr 100 N Y Central 200 N Y. N H A H 200 Norfk West 500 North Pacific 4oo Ok Prd & Rig 700 Pan-Am Petri 1.500 Pennsylvania. . 8,600 Pitts & W Va 200 Ray Con Cop 100 Reading 300 Rep Irn & Stl 1.400 Ryl Dtch. N Y 1.300 Shell Tr & Td 4O0 Sin Oil & Rfg 3.000 South Pacific 7,000 South P.ailway 2.000 Studebkr Corp 20.400 600 105 U0554 72 36 79 85 87 33 14 5614 6 80 5614 24 99 26 1914 74 8614 2114 1214 136 13 71 3014 81 14 55 25 1714 141 1714 70 85 79 33 ' 86 3314' 55 . 42 ' 112 76 78 14 58 24 99 25 1914 74 .83 21 12 -136 12 71 SO 14 50 141 55 24-4 17 1M1 , 17 1314 13 29 2914 1920 1919 1918. 1917. 1916. 1915. 1914. 1913. 1912. 35.S4H.155 27.079.801 20.701.625 15.7RK.S29 12.910.471 11,376.192 14,709.3X8 14.5fl0.6:it 12,.Vi.240 31.001.758 31.245.614 19.906,701 13, 444.160 10,856,180 12.311,224 T3,14S.rl 12.800.109 Tacoma. 82.S46.612 -0,392,885 3.811.163 3,674.330 2.381,313 2.140.593 1.887.177 2.175.559 2.8.-.2.5.17 4,768.538 PORTLAND MARKET QUOTATIONS. Grain, Flour and Feed. ' Merchants' Exchange, noon session. No grain bids made. FLOUR Family patents, $9: bakers' hard wheat, (7.85; bakers' bluestem pat ents, 37.35; valley patents. $6.30; whole wheat. 7.40; graham, 7.20. MILLFEED Prices f. o. b. mill: Mill run, $28 per ton; rolled barley, 440 42; rolled oats, $42; scratch feed, $53 per ton. CORN Whole, $38; cracked, $41 per ton. HsVY Buying prices f. o. b. Portland; alfalfa. $19 per ton; cheat, $2223 per ton; clover, $16; valley timothy, $25$26; eastern Oregon timothy, $26. DAILY METEOROLOGICAL REPORT PORTLAND. April I. Maximum tern perature. 50 degrees; minimum, 44 degrees. River reading. 8 A. M., 7.3 feet: change in last 24 hours. 0.2 foot fall. Total rainfall (5 P. M. to 6 P. M ). trace: total rainfall since September 1. 1920, 41.34 inches; nor mal rainfall since September 1. 86.: have thought. Until the federal reserve 11nc1 'rainfall since September r. come rfnwV f ,r. n. rn.rW.ti1- 1920. 4. 86lnchea Sunrise. 6:49 A M.; rates will not be lowered any furtner. There are -still no indications in the in vestment bond market of preparation for n Immediate decline In money. The stock market at the close of the week appeared to have accumulated & very large abort interest, and this is the chief dependence of those who are hoping for Improvement In Wall street conditions. As experienced observers realise, however, a rally at the expense of an over-extended short account ia the best than can be expected for the present. The business outlook will have to become more settled before any upward movement in stocks cam be long sustained. Seagull Cheats Fisherman Out of Lone Catch. Bird Grabs Half-Skinned Gem aa Devotee Draws Catfiah. sunset. 6:41 P. M. Total sunshine April-2. 44 minutes; possible sunshine. 12 hours Z minutes. Aloonset Sunday. 2:17 P. M. moonrlse Monday. 8:52 A. M. Barometer (reduced to sea level) at 6 P. M.. 30.07 inches. Relative humidity at 6 A. M 74 per cent; at noon, 65 par cent; at i P. M., 54 per cent. THE WEATHER. ' si . t IV inq 5. ! ts ; s 1 3 oi e 3 5 c 8 5 2. 2 e STATIONS.' 5 3 I a : : Weather. 2 :? : : s 5 ;5 ; ? i n i Baker Boise ...... Boston Calgary .... Chicago .... Denver Dea Moines. Eureka Galveston .. Helena Juneauf .... Kansas Cityj L,os Angelea Marshfield . Medford . . Minneapolis New Orleans New York . . . North Head. I jf Special.) Charles Eaton, world war veteran, would be in favor of open season on seagulls from an ex t perience he had when he was fishing yesterday. i Mr. Eaton took up a little home J stead of nine acres in Shillapoo lake, . and he built a, cabin on the highest - nninl fniir f wt n Knvn lh. .ivra ! high waters-He was coming to Van- j Phoenix ... i couver yesterday and desired to take ' some catfish to relatives here. . He L. started fishing:, had a bite and pulled iTl a big fish to his feet and it dropped back into the water. The second one he got, and .after throwing back the f ' .bait started to skin it, desiring to be ' 'sure he would have that one. While about half through this operation another catfish gave the . signal and Mr. Eaton dropped the V half-skinned fish to the ground and rushed over and pulled out another . catfish. When he was taking it off 7 the hook a big seagull swooped down behind him and grabbed up the half - skinned fish and made away witb it f ' Mr. Eaton did not catch any more f lab and had to be content to bring in a lone catflt.' . Lumber Mill Nearly Completed. WHITE SALMON. Wash., April 2 (Special.) The Crescent Lumber com I any. incorporated by K. G Christson Pocatello Portland .. Roseburg Sacramento St. Louts.. Salt Lake.. San Diego. S. Francisco Seattle Sitkat r-pokane ... Tacoma . Tatoosh Isd. Valriezt Walla Walla! Washington Winnipeg Yakima 40i.52l0.0O!22iN 66'0.0O 12INW 76iO.OO. .ISW 66.0.00114 SW 46 0.001. .IB 76iO.OOI..ISW 720.0010INW 80l0.00il0ISW Cloudy . Cloudy Clear Cloudy IClear Clear Clear Cloudy iClear Pt. cloudy Snow Clear Cloudy Cloudy Clear Clear Clear Clear Cloudy Cloudy. ' ft. cloady 60 72 0.00110 SB 50 720.00110-W 84"SM 0.641. .13 48 7'0.00jl2lS 48 64 0:001. . W 40 5210.00 . .INW 38 68 0.00114 NW 44 6 O.OllilOlSB 66 700.001. .IB 30 5410.00 30 SW 40 46i0.06 20jNW 58 860.001.. N 40 70,0.00110 3 50 44i0.0010lNWJCloudy -l . . . 1U. vol ..I. ...I..... 48 66i0.0O128 Clear 46 7610. 0O.. IS Clear 44 72iO.OO!18IS Cloudy nj o-u. vvi . . i.-n w luiear 481 64'0.00'10'SW ICIoudy 44 46i0.0212INE Raln S2 '4211.08 ..INK ICIoudy 441 54 0.00 ..(SW Cloudy 44 4210.00 12lSW Cloudy 401 4 O.lNllO.SW pt. cloudy o.r w.uui . . i. -i a uiouay 821 62iO.OOI10SW Cloudy o-l o-iiu.uu .. ow luieai 80 4210.00 ..IK iRain 44 6!O.OQI14!NWCloudy SLOW WOOL BUYING IS INDICATED Fairly Stable Prices Are Expected to Pre vail In Domestic Markets. Conservative opinion ia that - the wool market is bound to have a long-drawn period of dull buying and fairly stable prices, possibly preceded by a moderate rally based on tariff action, says the Bos ton Transcript. This belief is based on the heavy importations here and afloat, which are expected to prevent the full effect of the new tariff being felt (or months In the territory-wool -country some shearing has been done in Arizona, though operations have been delayed there until after lambing because of unfavorable weather. Efforts are being made by deal era who held last year's clips on consign ment to secure the same clips this year. in order to secure the refund of over-con signments. It Is reported that the western growers are generally showing a com mendable spirit in this particular and are being supported in this attitude, according to the Transcript, by their ' local banks. Shearing In southern Utah and Nevada will be due next month, but both grow ers and dealers will approach that time In a frame of mind vastly different from that of a year ago. Then the current clean quotation for fine staple Territory was $2; now that grade would not bring ever 90 cents clean. This is typical of the whole market, and indicates the difficul ties in the way of a successful marketing of the new clip. t A. M. today. P. AL report of preceding day. FORECASTS. Portland and vicinity Probably showers, westerly wlnda Oregon Showers, except fair southwest portion; cooler east portion; fresh westerly winds. Washington Showers; - cooler; fresh westerly winds. Livestock warnings, cautioning stockmen to be prepared for unfavorable weather conditions, were Issued for eaatern Oregon, eastern Washington and Idaho at 6 P. M. BUTTER PRICES TO DECLINE MONDAY Four-cent Cut la Annonneed by Local Creamery men. There will be a 4-cent reduction In the local butter market Monday morning, according .to announcement made by creemerymen yesterday. Prints plain wrapped in box lots will be quoted at 39 cents. The buying price of butter fat will also be cut 4 cents to 35 cents for top grade. In view of the prospective deeline In prints there was practically no buying of cube butter yesterday. The butter marked closed steady with cash buyers paying 18 20 cents, case count, and 2324 cents for clean fresh eggs. Bids for Monday's receipts, how ever, were lower, 1718 cents for current receipts and' 2T cents for graded. Several cars were shipped to out-of-town points and the surplus went Into storage. Poultry was very weak at the close and many coops were carried over. Retailers expect to buy light hens at 18 cents be fore the week is far advanced. Country dressed meats were also slow and. veal especially was weak. , NO IMPROVEMENT IK WHEAT TRADE Low Prices Quoted at Interior Feints; Loral Bids Lacking. There was no improvement in the wheat situation In this section yesterday, al though the Chicago market advanced 1 G 2c. Local traders again failed to sub mit any bids at the Merchants Exchange, session. Offers were out In the country around -93 95c and It was said a moder ate amount of wheat changed hands. ' Advices from Chicago were that Ger many and Italy were big buyers of new crop wheat for August shipment. Export business in the current crop worked on Friday and Saturday was estimated at 6,000.000 bushels. ' The announcement that freight ratea to France and continental Europe would be doubled, effective Immediately, was con sidered at Chicago as bearish In that it might curtail exports from this country. Dairy and Country Produce. BUTTER Cubes, extras, 85j36c: prints, parchment wrapped In box lota, 39c; car tons, 40c. Butterfat, buying price; A grade, 35c; B grade, 33c; Portland delivery. EGGS Buying prices, clean. 23 v 24c case count, 18 20c delivered; jobbing prices to retailers, candled, rancn, Z42oc selects. 2i SB2&C. CHEESE Tillamook triplets, price to jobbers f. o. b. Tillamook, 35c; young Americas, 34c lb. POULTRY Hens. 20ffi25c lb.; ducks, nominal: geese, nominal; turkeys, nominal. FORK f'ancy, 16c per pouno. VEAL Fancy, 15c per pound. Fruits and Vegetables. FRUITS Naval oranges, $3.50 5.50 box; lemons, $ 3. 60 4. 75; grapefruit, $3.258.25 per box; bananas, lOQillo per pound; ap pies, $1.35174 per box. VEGETABLES Cabbage, 34o ' per pound; lettuce, $3.50v4.75 per crate; car rots, $1,25 per sack; garlic, 1520c pound; beets, $1.25 per sack; cauliflower, $1.50 per crate; celery, $66.50 per crate; green peppers, 30to4oc per pound; rnuoarD, luc per pound; spinach, 8tp9c per pound; turnips, $l.u02 per sack; sprouts, 2025Q per pound: tomatoes. $4.75 per lug; cu cumbers. $2 8 per dozen; peas, 1415o pound: asparagus. 14 wloc per pound. POTATOES Oregon, $1L25 per 100 pounds; Yakima, $l.u0wl.o; sweet pota toes. $3.50 per hamper. ONIONS Oregon, 75c J 1.25 per sack. a Staple Groceries. . Local lobbing ouotatlons: SUGAR (sack basis) Cane granulated. 0c per pound; beet, 9.15a per pound. NUTS Walnuts, 2236c; Brazil nuts, 27c: filberts. 12c;. almonds, 28929c; peanuts, 7 H 10c per 'pound; cocoanuts, $2 per dozen. HONEY Comb, $7.75 per case. RICE Blue Rose, 6c per pound; Japan style, 4o per pound. BEANS Small white, 5 lie; iarge white, 514c; pink, 7 lie; lima, 8c; bayou,. llo; red, 7c per pound. COFFEE Roasted, bulk, in drums, 14w3tsc per pound. SALT Granulated, bale. $3.6004.23; half ground, ton, 60s, $17.75; 100s, $13.60; lump rock, $26. DRIED FRUITS Italian prunes, 8140 pound; dates, $4.25w6.85 per box; figs, 2 45.23 per box. Previsions. HAMS All s!zes.S037c: skinned. 230 36c: picnic, 17019c; cottage roll, SOo. bacon fancy. 4303c; choice, suns 36c; standard, 26028c. LARD Pure, tierces, 17o pound com pound tierces, 12c. Dtix halt uacKs, 22SJ230; plates, loo. Wool, Bops, Etc WOOI, Nominal. TALLOW No. 1, 6c; No. 2. 4c pound. CASCARA BARK 1920 peel, 8c pound. HOPS 1020 crop, 15 0 20c per pound. HIDES AND PELTS Nominal. MOHAIR Nominal; 16017c per pound. I GKA1N BAGS Car lots, 7c, coast. Oils, LINSEED OIL Raw. In barrels, 94c: 5-gallon cans. $1.00, Boiled. In barrels. Hoc; S-gallon cans, 11-11. TURPENTINE In drums, (4c; S-gallon cans, $1.09. COAL OIL Tank wagons barrels, 1714c; cases, 30037c GASOLINE Tank wagons barrels, 30c; cases, 4214c 1714 9'i. 6814 1614 04 7714 314 67 54 34 2614 UH 6814 f 6414 61 30 22 73 4 201 72 li 4034 2014. 45 H 814 116 2114 66 48 60 8014 10! '4 46 81s BONDS. U S 2e reg 99N Y C deb 6s... do coupon ...991i'N P 4s U S 4s reg 104V4N P 33 do couron .. "10414 IPac T & T 5s . . Pan 3s reg 78. IPs con 414s.... do coupon ...78 'S P cv 5s A T & T cv 6s.. HOi&lso Ry 6s Atch gen 4s 77 U P 4s D & R u con 4s 64 IU S Steel 6s. .. Texas Co. Texas A Paclf Tobc Products Transcontl Oil Union Pacific. U S Fd Prdts U S Ind Alco U S Rtl Stores U S Rubber.. U S Steel U S Steel, pfd Utah Copper. Wliiyii - Over 1.5O0 000 300 900 300 100 400 600 B.500 3,200 100 300 1.000 17 69 1614 4 77 3 6814 84 4 2614 U 68 65 61 14 3 23 74 2014 76.14 40 20 6 1014 117 2114 66 49 70i " 80 li 14 47 Sale. 37 28 14 122 u 36 ' 91 . 73 ' 105 70 35 79 3414 80 33 55 42 . 76 , 78 ' 68 24 99 2i 19 74 83 21 12 236 13 li 71 .30 30 14 55 24 17 140 17 13 29 17 9 68 16 94 77 3 68 4 26 11 68 64 61 30 K 22 lit 20 7214 40 20 45 10 116 21 ! 61) 80 46 8 8 76 54 S3 8.1 '1 3 SO 85 year's second quarter brought no ease ment of money rates and the unsatisfac tory investment situation found direct expression in the lack of success which attended the offering of New York city short term warrants. Conditions abroad were rendered more complex by the crisis resulting from the strike of the British coal miners and the military and political maneuvers con nected witb attempts to restore the Baps burg monarchy. , . Promise of better trade conditions Jacked fulfillment, except in Isolated cases. Rail road earnings showed Irregular Improve ment,' but the .state of- the transportation systems occasioned 'fresh apprehension. At leading Industrial centers the feeling ruled- that further downward revision of price schedules offered the only solution of a revival of demand for steel, and iron. In other branches of Industry curtailed production, contracted pay rolls and re duced or suspended dividends were domi nant factors. Prevailing ' economio conditions ' are likened by some competent observers to those which marked the severe -depression of 1893 and 1907. Others are of the opin ion that recovery Is already under way, but that further "readjustments" may be necessary. Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank of Portland. The amount quoted is the equivalent of the foreign unit in United States funds: Country. Foreign unit. Rate. Austria, kronen $..0032 .0036 Calcium, franca 0738 .0742 Bulgaria, leva 0131 .0135 Czeeho-Slovakla, kronen .. .01:18 .0142 Denmark, kroner is:!9 . .1843 England, pound sterling .. 8.9825 . Finland, flnmark 020S .0272 France, francs .0707 .0711 Germany, marks 016. .0169 Greece, drachmas ' .0772 - .0776 Holland,' guilders 340 .3464 Hungary, kronen .00,18 .0042 Italy, lire 0418 " .0422 Jugo-Slavla, kronen 0075 ,0079 Norway, kroner ......... .1620 -Jt24 Portugal, escudos 0917 .0921 Roumanla, lei 014.1 .0147 Serbia, dinara 0288 - .0292 Spain, pesetas .1410 .1414 Sweden, kroner .2350 .2354 Switzerland, francs .1745 .740 lunula Hongkong, local currency. ..4725 Shanghai, -taels 6300 , Japan, yen . .4823 NEW YORK. April 2. Exchange steady. Sterling demand, 3.91: cables, 3.92; francs, demand. 7.00; cables, 7.02; Bel gian francs, demand. 7.30; cables. 7.82; guilders, demand. 34.37; cables, 34.47; lire, demand, 4.12; cables, 4.14; marks, demand, 1.60; cables. 1.61. -Greece, demand, 7.67. Argentine, demand, 34.75. Brazilian, de mand, 14.37. t Montreal 11 per cent discount. Foreign Bonds. Foreign bond quotations furnished by the Overbeck & Cooke company of Portland: B1Q. ASK. w Our Own Bonds v DENOMINATIONS $100$300 $1000 Maturities 2 Years 3 Years t Years Select Denominations and Maturities to fit your individual requirements; $150,000 Issue Mortgage Bonds . secured by 95 separate, individual farm mortgages aggregating $175,000, as signed to and held by Portland Trust , Company, Trustee. These bonds now.' ready for delivery at offices of Portland Trust Company. Ask us for circular Southern Idaho Land & Power Co. PORTLAND OFFICES 1212 GASCO BLDG. , Phone Marshall 240 COVERING LIFTS HEAT SHORTS BUY OX REPORTS. OF LARGE EXPORT TRADE. Several Million Bushels Taken bj Foreigners; Gains Are Held Up to Close. Bid. Mining Stocks at Boston. BOSTON, April 2. Closing quotations: Allouez 17 lOld Dom .- 17 Aris Com ..... 7ftOsceola 23 Calu & Ariz... 42i4iQulncy i.7 Calu & Hecla..2n! (Superior .'I... Centennal 8 Sup & Bolton. Cop Range.:... 2!) 'ilstiannon East Butte ... 7'tlUtah Con .... Franklin IV Winona isie Koyane ... 17 : wolverine Lake Copper... J5lGranhy Con .. Monawic 444sjGreene Can North Butte ... 8', I 3 1014 20 18 Liberty Bond Quotations. XBVW YORK, April 2. Liberty bond Quotations closed as follows: U S Lib 3hia... 80.301 do 3d 4 90.13 do 1st 4s 87.50 do 4th 4i4e... 87.20 do 2d 4s 87.04Victory 3s ... .97.38 ao isi ii48..,oi. ao 4s 91. is do 2d 414s...87.10 Money,' Silver, Etc NEW TORK. April 2. Prime mercantile paper, 74 57. Bar silver, domestic, torelgn, 56; Mexican dollars, 43. LONDON, April 2. Bar silver. 32'Ad per ounce. Money, 6 per cent. Dis count rates, short bills, 5 per cent. Surplus Reserve Increased. NEW TORK. April 2. The actual con dttion of clearing house banks and trust companies for the week shows they hold S14.2S5.300 reserve in excess of legal re quirements. This is an increase of to, 624.26U from last week. RESERVE RATIO AGAIN INCREASED Cain of One and Six-tenths Per Cent Re ported by Federal Board. WASHINGTON, D. C, April 2.-Comblned resources and liabilities of federal reserve banks at the close of business April 1 were reported by the federal reserve board tonight as follows RESOURCES. Gold and gold certificates...! 299.48S.000 Gold settlement fund, federal - reserve board 497,700,000 Total cold held by banks..! 797.273.000 Gold held with federal reserve agents ...1,300,345.000 Gold redemption fund 148.819,000 Russian S'4s. 1921 . Russian 5Hs, 1926 . Russian 6 Vis, 1919 . French 5s, 1931 ... French 4s, 1917 .. French 5s. 1020 ... Italian 5s, 1018 .... British 5s. 1022 ... British 6s. 1927 ... British 5s, 1929 ... British vky 4s .... British ret 4s ..... Belgium rest -5s ... B..glum prem 6s . . German W. L. 6s . . Berlin 4s Hamburg 4s Hamburg 4 Via Leipsig 4 Vis Lelpsig 5s Munich 4s Munich 5s Frankfort 4s Jap 4s Jap first 4 Vis Jap second 4 Vis .. Paris 6s U K 6Vis, 1921 .... U K 5 Vis. 1022 U K 5 Vis, 1929 U K 5Vis, 1937 18 12 ..20 .. 64Vi .. 4Vs .. 6Vi ..30 . . .385 ..378 ..870 ..299 ..280 .. 5'.i .. 90 .. 12Vi .. 12V .. 14 .. 14 li . . 14 .. 14 Vi . . 13i . . 10 Vs ..15 ..64 .. 82 .. 82 . . 87 . . 994 . . 944 . . 88Vi .. 85V 21 14 22 65 Vi 47Vi B7Vi 31 Vi 397 3M 382 311 281 58 Vi 2Vi 13Vi 13Vi 15 15Vi 15Vi 17 15 19 17 64 Vi 82 'i 82 Vi 87 Vi 99 Vi 85 -89 85 Vi Swift & Co. Stocks. Closing prices for Swift A Co. stocks of Chicago were reported by the Overbeck Cooke company of Portland as follows: Swift A Co Libby, McNeil Llbby 10 National Leather I Swift International V HOGS QUARTER LOWER.-AT : CLOSE No Sales Reported at Local Yards on Last Day of Week. The livestock market closed inactive. Weakness prevailed in . all divisions and hogs were quoted a quarter lower at the end of the week with 112 the top price. Receipts over night were 62 cattle and 300 hogs, but no sales were reported. The following prices are current at the lnral yards: - Prices. Ch"cr.tr. .'. ..V I T.50 8.00 Medium to good steers .,00W 7.50 Kair to medium steers 6.00 7.00 Commen to good steers ... 5.00 6.00 Choice cows and heifers...!.. 6.60 7.00 Medium to goou cu, in . Y X XX li-.ir 1,, medium cows, heifers. 6. SOW 6.00 Common to fair cows, heifers. 6.50W 6.00 Canners Bulls Choice dairy calves Prime light calves . . .- Heavy calves TtrHt feeders Fair to good feeders Hogs Prime light Smooth heavy Rough heavy Stags ' Fat pigs Feeder pigs Prime east-of-mountain lambs 7.00 8.00 Valley lambs ... ..... ... ... . . J.W -' Heavy lamDS, u 10s. buu up.. .v.,- Feeder lambs t Cull lambs Yearlings Wethers , Bwes - 2.250 4.50 8.60 6.00 12.50 (U 13.00 11.00 12.50 6.00 7.50 6.00 01 6.30 6.30d 6 00 11.754(12.00 11.00 ( 11.30 7.00 10.00 6.00 910.00 11.5010! 12.00 11.50 i 12.00 5.00 TO 6.00 4.00 6.00 6.600 6.00 5.000 5.7S 1.600 6.00 . CHICAGO, April 2. General covering by snorts and the development of an ac tive export demand for both old and new wh.at caused a sharp rally near the close today which carried prices upward after the lowest figures of the season had been reached on all deliveries of grains and provisions. Wheat finished l'4c to 2c net higher with May 11.87 to 11.37 Vi and July tl.16 to tl.l6V. Corn was unchanged to HOHc higher, while oats ranged from Vi Via down to HGc up, and pro visions were off 22Vc to 75c. There was a sharp bulge in wheat dur ing the last 15 minutes and most of this held ui. to the close. There had been many rallies, but most of them lacked the force to carry prices much above the previous close, but w hen they did go above that level, short covering was free on stop loss orders. Reports of as high as 4.OO0.OOO bushels being worked lor export and a St. Louis report to the effect that wheat had been worked for export based, on the July delivery tended also to un nerve shorts. Crop reports continued to show an excellent condition over much ol the belt. Liquidation of cash wheat was said to be on in parts of Kansas and No brask. the bulk of it going to exporters. Coarse grains rallied with wheat, but of ferings were light, farmers being said to be busy in the fields. Provisions were weaker and lower early with grains and on scattered selling, but rallied toward the finish. The Chicago market lettet received yes terday by the Overbeck Cooke company of Portland said: Wheat After making new low Prices early in the session, liquidation '"'V and the market rallied on week-end short ooverlng. Toward the close the advance gained momentum on reports of tremen Sous export sales. Country offerings lo cally were light, but the southwest and northwest reported the country selling y" . i" nrice. gen.raUy were 2 to "cents lower. Seaboard author UlV. estimated that between 4.000.000 and i 000.000 bushel, had been worked for export since me cioso - -"- ---nounoement that freight r. te. to i ranc. and continental Europe u . -rr", 28V4cr firsts, nominal: dirties. No. 2, 27c; extra pullets, 27c: underslsd, 25c. Cheese Flats, fancy, 24c: firsts, nom inal; Youns Americas, fancy, 25c; firsu, 180. CHICAGO. April 2. Butter higher. Creamery extras- 48'iSt'c; standard, 44ViC Eggs easy. Receipts 1 728 esses. 'First. 23Vtf24r: ordinary firsts. 2021c; at mark, cases Included. 216 23c. NBW'TORK. April 2 Butter firm. Creamery higher than extras, 49 tr SO i-; creamery firsts, 4lHc; creamery, 4'49c; packing stock, current niake, No, 2, 20 '-j if 210. , Kggs Irregular. Fresh gathered extra firsts. 29'iceaoc; do firsts, 26VtW2lo. , Cheese steady. State whole-milk Tint", held specials, 27 Vi (129c; do average run, 2Sr26V-c: state whole-milk flats, fri-ill specials, 23Va024c; do average run( 23c, SEATTLE, April 2. Eggs Select ranch, white sIk-IIs, 294130c: do mixed colors, 27 tr2Nc; pullets. 23624c. - Butter City creamery, cubes, 2c; bricks or prints, 43c; country creamery extras, cost to Jobbers, In cubes, 30:.. SAN FRANCISCO PRODCCE MARKET Trices Current on Trgetnhles, Fresh Fratta, Etc.. at Bay City. SAN FRANCISCO, April. 2. Vegetables Asparagus, 2 H (.',; squash. Cream, 65 76c; potatoes, street prices, Rivers, white. No. 1, li. 00 ft 2.15: sweets, Naney IUII. 1 Cr-6; new, 6&9c: onions, Australian brown, SOc; green. I1.23&1. 75; celery, fl.509.1 crate; garlic. 6-Hc; cauliflower, 4tr7Sa dosen; cabbage, lc pound; b.Ml peppers, southern, 10d2Sc; turnips. DOc irs S 1 ; beet. 1101.50; parsnips, 122 25; carrots, 7,ic II; peas. 4-qSc: rhubarb, 11 2591.7: let tuce, 1.75$2; artichokes, 20 60c; spinach, iHl 4c; eggplant, 15itr2Uc. Poultry Hens, S0j'40c: strictly young roosters, 8U4l)c; old. 20(T22o; fryers. 41 tjS2c; broilers. 45&floc; ducks. 30tf35ci squabs, 65t'7Sc; pigeons, SV3.50 dosrn; Belgian hares, 23&25o; Jackrabbits, I3tf 8.60; turkeys, nominal. Fruit Oranges, navel, 1294.75; lemons, 1263.60; grape fruit. 11 .5098.60; limes, nominal; tangerines, tl-60fej 8.50; t. rplon, Newtowns, 11.758.25; bananas, flfclOr; avocadoes, !4ti7..Vl; strawberries, j52S crate; peninsula, 122.40 drawer. Receipts Flour, 2635 quarters; wheat. 06 centals; barley. XtMlS centals; beans, 1018 sacks; corn, 110 centals; potato?, 8895 sacks; onions, 80 sacks; hay, 206 ton; hides, 798 bundles; lemons, 400 boxer; livestock Stfl heil.t Total gold reserves S2.24A.43fl nnn Legal tender notes, silver, etc 204,792,000 Total reserves S2.451.231. 000 Bills discounted.' secured by u. s. government obliga tions 950.688 onn All other 1,263.907,000 Bills bought in open market - 122,491,000 Total bills on hand S2.337.08A noo TJ. S. government bonds s 2T,.7yft nun U. 8. Victory notes 19,000 U. b. certificates of Indebted ness, 1-year certificates (Pittman act) 247 7 nnn All other 2.983.000 Total earning assets. .12.613. 183.0O0 Bank premises 20.651.000 Five per cent redemption fund against federal reserve bank notes 11 nnn Uncollected Items 555.006.000 All other resources 10,509,000 and Iron and Iron Coffee Futures - Lower. NEW TORK, April 2. The market for coffee futures was lower today under scattering liquidation. First prices were unchanged to 5 pointa lower. The elose was at the lowest, showing net declines of 14 to 20 points, dosing bids: May, 8.13c; July, 6.50c; September, 6.80c; Octo ber, 8.92c; December, 7.15c; January, 7.25c; March, 7.45c. Spot coffee, dull; Rio 7s, 6Vio to 6e; Santos 4s, 9Vi10c. Dried Fruit at New Tork. NEW TORK, April X Evaporated apples, steady. Prunes, easy. Peaches, fair demand. Dulnth Linseed Market. DTJLUTH, April 2. Linseed on track, 1.5301.55; arrive 1.62. Cotton Market. New Tork. April 2. Cotton -Spot, quiet. Hlddllns. 11.80c Total resources ..15,672,436,000 LIABILITIES. Capital paid In .$ 101,137,000 Surplus 202.036.000 Deposits, government deposits 82,099,000 Due to members', reserve ac count 1.672.402.OO0 Other deposits. Including for eign government credits... 84.732.000 . Total deposits 11,789,233,000 r-eaerai reserve notes in ac tual circulation 2,908,158,000 r eaerai reserve oanK notes in circulation, net liability.... 169,722,000 Deterred availability items... 451.270.000 All other liabilities 50,885,000 Total liabilities .. ...15.672.436,000 Kauo 01 total reserves to deposit and federal reserve note liabilities combined, 52.4 per cent. . : Ratio of gold reserves to federal reserve notes in circulation after setting aside 35 per cent against deposit liabilities, 63.1 per cent. . IRREGULAR DECLINES RECORDED - - Stock Market 'Is Put to Another Severe Test During Week. .. - NEW TORK, April 2. The stock market was put to , another severe test of Its recuperative powers this week, standard shares as well as numerous issues of the speculative variety recording irregular de clines, these In several instances estab lishing low records. The movement was in contrast to that of last week, when the firm to strong undertone seemed to justify hopes of an inslplent bull market, known as the "spring rise." Rfasons for the latest reaction were traceable to various incidents of domestic and Zorelgn origin, . Approach oX the Chicago Livestock Market. CHICAOO. April 2. Cattle--Recelpts, Knn rnmmred with week ago: veal calves fully II lower; all other grades and classes generally 25c lower; top heavy beef steers lor week iu. iv; wp jemmuio Hogs Receipts, medium weights. 10c to 15c lower; others mostly steaay witu yes i.,v'i averaee: srood clearance; top, 10.16 early; bulk 200 pounds down, 19.76 10; bulk 220 pounds up, a.tocrw.ao; pig 15o to 25c lower; bulk desirable 90 to 120 nnnn.l niira mostly 19.5049. 75. Sheep Receipts, 8000. Compared with wk us: Lambs generally 60c to 75c lower; shorn stock showing 'leas loss; year lings 25c to 50c lower; sheep steady to 25c higher. Omaha Livestock Market. OMAHA. Aoril 2. Hogs Receipts, 3500, slow, steady to 10c lower: bulk medium and light butchers 8.909.25; top 19.50: bulk strong weight butchers, 1250 pounds and OVer, IS.ZOIB'O.au; packing BiucB, ovo. . Cattle Receipts. 60: market compared with week ago: Beef steers steady to 25c lower; most decline on heavy grades; top handy weight steers, .zo; neavies ; canners and cutters weak; other grades she stock mostly zsc nigner; nuns ana veais weak to 25 SOc lower; stockers ana xeea ers mostly 50c lower; spots more. Sheep, none, market compared with weeg ago: Lambs mostly 60c to Sc lower. Sheep and feeders steaay. Kansas City Livestock Market. KANSAS CITT. April 2Ti-Cattle Re ceipts, 60. For week: Beef steers, stock cows and heifers monthly 25c lower; fat she stock steady to 25c lower; vealers II 1 50 lower; heavy calves, stockers and feeders, bulla and canners 25 60c lower; stock calves steady. Sheep Receipts, 1000. For week: Sheep steady; lambs 75c fell lower. - Seattle Livestock Market. SEATTLE, April 2. Hogs Receipts, none; weak; prime, 111.6012; smooth heavies. 110.50 11.60; rough heavies, 18.50 9: spies. 911.60. Cattle Receipts, none; weak, 2no lower. Prime steers. 8.258.75; medium to choice, 67.60; common to good. 14.50 hsso- best cows ana neiiers, toapo.ou; medium to choice, 56.50; common to good, S4Q15; bulls, 4.dui0o.ou; calves, light, SU12.M: heavy, I67.60. Naval Stores. SAVANNAH. Ga.. April 2. Turpentine, firm, 52 Vic; sales, 51 barrels; receipts, IBS barrels; shipments, 855 barrels; stock. 5005 barrels. , Rosin, firm: Tib sales; receipts, 447 barrels; shipments, 2605 barrels; stock, 63.9S5 barrels. Quote: B, D, E, F, U. H, I, K, M, 13.60; N, 13.75; WG, 14.00; WW, 84.21, ... - Winnipeg Grain . Market. WINNIPEG, ' A prU 2. Wheat May, $1.67 54; July. 11.50. BEND, Or.; April 2. (Special.) Because the house organ of the Brooks-Scanlon Lumber Co. has taken a decided stand against the policies of the Bend city council, L. I Fox, council member, Is preparing resolu tions which will have as their pur pose the levying of city taxes against the milling company by extending the corporate lmits of the city to include the mill site. - - . 1 iMtxarllalstlV. W M.B bearish in that It might curtail export. from this country. There ,. m. "- improvement as yet In the domestic sltua lToVr ? "temporary upturn. In the tutures market. ...- v, th. Corn oeiuiis j - - o((. Srt? th'. VTl I: SVced: .hort covering. R'"'"". limited at 100 car. snd met . proved demand at steady P"ces. IVv offerings were reported very lig nl an u ''ZTtl": a?ed d?.po.?d to hold Oats nori-u". ---- f,ur. ,d Receipts were es- I break was " ""' " a premium was steady with a fairly go.oo oem.u-. I--. ..rw but was followed by snort coy- ance early. pui- strength in "T".".. .,..dv at cent. erlng In wheat. Exports . . n n irarx. were saTd to"' be in th. m.rk.t. but no buslnes. confirmed. foiiOWi. Leading futures ranged as follow.. WHEAT. Open. H'Kh-. May. July. May. July. May.... July.... May. July. May. July. May July. l.34 1.10 .69 Vi .62 V .36 H .37 Vi Low. 1.33Vi 1.13 .58 .62 .36 Vi .37 V Close. $1.37 1.16 .69 .63 Vi .3ft'i .38 18.05 18.50 10.60 11.17 10.30 10.67 Wheat-No. Vred. 1.451.45i No. 1 Corn-No 2 mixed. 58Vi658o; No. 2 yellow, 590r wn Oats 10. wi.w, - 30V4&37V4C. ' Barley o it v " Timothy seed 14 tea. Cloverseed 1 12 16. Pork Nominal. Lard 110.60. Short ribs 19.75 10-1 5. 1.37Vi 1.16Vi CORN. .60 .63 Vi OATS. .38 Vi .38 MESS PORK. 1 30 18 40 18 05 11 IS-'" " LARD. J0.83 11 00. 10 80 11 20 H-30 11-11 SHORT RIBS. in if. 10.45 1U.-T lo!82 1082 10.65 Minneapolis Grain Market. ...x-x-u-. ui ,i.tl Aorll 2. Cash wheat closed No. 1 dark nortnern 1.58; No. a, i-- I1.37V1 61.44; No. 8, a, Bonds To Net 7 Per Cent High-grade bonds with at tractive profit possibilities. Both railroads and industrials. H'rifg for detcriptiv circular Sent gratia. CfiflRLE5RCLflRK5DNsi 66 Broadway: newyork telephones ' rector 4663-4j 1 1.55 VI: No. 8, 31.31 01 39; No.. 1 red spr ng, (ro.v 813o'LW;'No. 1 dark hard Montana tTuZT:2 No. 1 Durum, 81,41 145; No. 2. 1.371-1; 1.33 1.38. Barley - , Flax No 1. 1.55ftl-68V. Futures: Wheat-May, 130; July, 11.25. . Grain at San Francisco. SAN FRANCISCO. April -Grain- Wheat, milling. n ' T, hartAv - leea. ii.iinvi-. ""' ping. 11.30 l.o: reu 1 pnrn ifiiuo "bj 81. 45 tt 00 2. (Hi; red mllo, 11.73 1.80: rye. nominal. "ayVVheat, 1721; tame oalK I17 .. . . ' titiAiir,- har ir. 812lii: 1; wua o., ' - alfalfa, 17W20; stock, HO 14. - Seattle Grain Market. SEATTLE, April 2. Wheat Hard white and soft white, sn.i: win .. f.r "Jh winter, soft red winter and northern spring, Sl.U; eastern red Walla, SI 10: Big Bend, 11.25. City delivery: Feed-Scratch feed, 354; baby scratch feed, 871; feed wheat, l5; all rraln chop, oats, mi 1.,.. I4- sprouting oat., 148; rolled barley, lis"' clipped barley. S48; milled feed, 832; Bend: May Put Tax on Mill. In. 132; wno.o ... u itf-ifa. 124: double compressed lfalfa. 130; ditto timothy, 138; eastern w.-hinrton mlxeo. Ji; straw, -; i-uget sound allalla, 184 , QUOTATIONS OW PATBT PRODUCE Market Prices Baling oa Butter, Cheese ana Kggs. RAN FRANCISCO, April 2. Butter Extras. 36e; prims first., 85 c. Eggs rrcsn mrmw, 7i v , Hint iir.tc, OVERBECK & COOKE CO. . Brokers, Storks, Bonds, Cottoa,' Grain, Ltc 116-217 BOARD OF TRADK BLOO. Halls Walla. Hash. I'oHlaod. Or. 1'enuMeUin, Or. MEMBERS CHICAGO BOARD OF TRADE. Correspondents of Logs a Brraa, Chicago add isew iork. . MEMBERS New Tork Mock Kirhange, f'hirago Mock Exchange, Boston Stork Exchange. C hlcago Board of 't rade. Kew York Cotton Exchange. New Orleans Cotton hxctiMnce. New York Produce Exchange Winnipeg Grain Exchange. 1 Liverpool Cotton Association. HERRIN & RHODES, Inc. (Established lHn ' BROKERS MEMBERS CHICAGO BOARD OF TRADE. Correspondents, E. V. HUTTOtt A CO. Members err York Murk Ex. change. Private Leased Hires Direct to All Security and Com modlty Market. LIBERTY AND VICTORY BONDS BOUGHT AND SOLD MAIN 2S.1 and 2H4 201-5 RAILWAY tXCU. BLDG. MEXICO World's Richest Empire If yoiw blood still lenps at the cnll of a "new-born OPI'OR. Tl JilTY," send for Maps. Pic tures and lntere-itinsr Informa tion about this "New Eldorado." It will fire your blood with the aplrlt of a pioneer. FH.EE, IF SE.VT FOR NOW W. W. DLWCAN lot Caleaslrn Bnlldlna; aa Aatoaio, Texas .