The Sunday Oregonian., March 05, 1922, Section One, Page 22, Image 22

23
TIIE SUNDAY OREGONIAX. PORTLAND. MARCH 5, 1923
STOCK PRICES DROP
ID TRADE SLOWS
Foreign Exchanges Influence
Upset in Market.
GRAIN AND COTTON LOWER
Activity In Copper Holds Quota
tions Steady and IUs Is Ex-
t
pected hy Many Buyers.
BT MONITOR.
(Copyright by th Public Idger Company.
-Published by Arrangemeat)
NEW YORK, March 4. (Special.)
Trading- in today's stock, market was oa a
somewhat reduced sea 1 6 and with the gen
eral trend of prices toward lower levels.
Realizing- sales In large volume were effec
tive In forcing recessions in recent specu
lative favorites. They were manliest con
plouousiy in the motor shares and In
somewhat less degree in the oils, steels
and equipments. The sugar stocks were
firm and several of the issues in this group
advanced to new high prices for the cur
rent movement. This was true also of
some individual specialties.
Traders were influenced In some degree
by the wild market in the foreign ex
changes. .Sterling; exchange was quoted
simultaneously at $4.4W4 and $4.38.
Francs were similarly demoralised. The
decline was attributed early to the clouded
British political situation and partly to
the speculative collapse at Berlin. Cables
gave no definite Inclination of Just what
was taking place abroad, and some short
sellers hastily covered their commitments
before noon, resulting la an advance in
sterling to above $4.41.
i
Grain prices were somewhat low ev. and
cotton also showed an easier tendency.
The weekly statement of the clearing
house banks was distinctly unfavcrable,
particularly when taken in conjunction
with, that of the federal reserve bank.
To f just what extent this may affect
moftey rates during the coming week.
bankers hesitate to prophesy.
firofit taking, which was in evidence In
many groups of stocks in yesterday's trad-
inpv was more pronounced today. Heavy
setting was in evidence at the opening in
recent speculative favorites, particularly
mudebaker and Chandler motors. Pressure
was evident also against the steels and
equipments. Not only was the market
called upon to absorb liquidation of long
stock, but also sales for short account. Gen
erally this selling was ' well taken, al
though, aggressive buying operations were
hM. In abeyance.
see'
Selling Studebaker has given rise to re
ports of dissensions in the speculative group
generally supposed to be in control of the
market movements of that stock. Practi
cally all of the selling this morning was
said to be for the account of a member of
the group. The same individual also is
reported to have ben the largest seller of
General Motors during the last week.
Firms acting for important Interests in
Ui$ industry have not changed their at
titude toward the stock and are advo
cating its purchase on reactions.
. .
felling came into Chandler Motors of
th same character which appeared in
Stddebaker. Offerings were well absorbed
and firms which have been active in its
maTket were talking still higher price
af&r the close today. Close observers of
buying and selling in both Chandler and
Studebaker are advocating cashing paper
profits at the moment as a matter of
safety. It is felt that if there is any dis
sension La the speculative groups handling
these stocks, the safest place for the
trader is on the- side lines.
e
Prhe copper stocks held firmly through
out the day's trading. It was felt that
nth, the surplus of metal reduced approx
imately one half; with prices apparently
"tablllzed around the 13-cent level, and
wfitn, many companies preparing to re
otmn their mines that this group later
should work higher.
Recent buying of Jewel Tea was in an
ticipation of the very excellent statement
lqr 11)21 made public today. This shows
ivst, after interest and writing off inven
tory losses, of $321,457, equal to J8.83 a
saare of the preferred stock. This com
pares with a loss of $2,183,506 in the pre
vious year.
United States immigration officials
la Montreal, f
The decision was given In tb case
of a native of England, resident for
years in Canada, who left the domin
ion the other day for Boston, there to
pursue his occupation as a news
paper man. Late at night he was
aroused from his berth by an Immi
gration officer and was compelled to
leave the train and submit to an ex
amination by a board of officials at
the border to determine whether he
came within the scope of the law
which prohibits bringing alien, labor
Into this country under contract.
The issue, proving too big1 for de
termination by the border officials,
was referred to the immigration au
thorities at Montreal, who decided
that he was not under the ban of the
law.
ALIENS MUST BE LISTED
3IASTERS INSTRUCTED TO RE
PORT FOREIGNERS IX CREW.
BEAR RAID UPON PITS
PUTS BULLS TO ROUT
Ail Grain Hammered Down in
Chicago Operations.
HECTIC TRADING FEATURE
as boiler inspectors took an examina
tion yesterday in the office of the
state bureau of labor. C. H. Gram,
commissioner, announced that results
mig-ht not be given out for a. fort
night. Among the 12 were several
men in the employ of liability insur
ance companies, ail of whom must
pass the state tests before their re
ports will be accepted In lieu of
those of state inspectors.
Four state inspectors are employed
at present to examine steam boilers.
The voluntary advisory board yes
terday was composed of: Dean G. A.
Covell of Oregon Agricultural college;
E. F. Stuart, supervisor of operations
for the school board, district No. 1
C. B. Paddock, chief inspector for the
Hartftfrd Boiler Insurance company;
George McDougall, consulting engi
neer, and A. C. Sullivan, of the Moun
tain Timber company.
ALL WHEAT GRIDES
LOWER AT EXCHANGE
i No. 2 gray 33.50
1 Barley -
'Brewing: ...,29.00
1 Standard feed 28.541
I Cora
I No. 2 E. T. shipment. 28.00
Bids Reduced 2 to 3 Cents
With Trading Quiet.
Consuls Are to Inspect Registers
of All Ships or All National
ities, Says President.
The United Statesvgovernment must
have the name of every alien on every
ship leaving foreign shores for an
American port, according to an ex
ecutive order issued by President
Harding February 1 and received
here yesterday by Harold C. Jones,
local head of the sea service bureau
of the emergency fleet corporation.
On this point the new order says:
Masters of vessels of all nationalities
sailing for a port of the United States
of America or any of its possessions,
except the Panama canal zone, must
submit for vise a list containing the
name, of all the alien members oT the
vessel's .crew to the American consular-officer
at the port from which the
vessel commences it voyage. If there
is no American consular officer sta
tioned at that port, the crew list
should be submitted at the first port
of call (if the vessel touches at any
other port) where an American con
sular officer is located. This does not
refer to cosular agents, who are not
authorized to vise crew lists.
"When a vessel sails from a port
where no American consul Is sta
tioned. but which is so near to an
American consulate. that unreasonable
delay and serious loss would not re
suit from referring the crew list to
such consulate, it should be referred
thereto for vise.
"The vised crew list must-'be pre
sented to an officer of the immigra
tion service upon the arrival of the
vessel at a port of the united States,
before any alien member of the crew
can be allowed to land.
"If an alien seaman whose name is
nnt in.liirlerl in a. vised crew list ar
rives at a port of the United Spates
he shall not be allowed to land ex
cept upon the" permission of the sec
retary of state.
Wheat liosscs During Session Run
From to S Cents, While
Exporters Buy at Break.
y
. Directors of the Endicott Johnson cor
poration will meet Mondav for dividend
action. In 1921, after charging off to
surplus account more than three times the
amount charged in the previous year, the
company was able to show earnings equal
tp mora than twice the dividend require
ments. There is some antlcinatinn in
usually weli Informed quarters of an ex
tra payment to be authorized Monday. Most
of the buying in the stock recently has
been of a seml-lnvestment character.
- United States cast iron pine araln todav
was a strong feature and held close to
ne mgn, record zor tne present movement.
mere are no new developments, buying
being based on the Improved outlook: for
the company's business. It is reported
that a large quantly of stock has been
taitea out or the street by Investors.
'"Th. stock market today could not ig
nore taa wua iiuctuations in the foreign
exchanges. Quotations for sterling were
a cent and a half apart at various times
during tn. day and franca also had
wide range. The erratic market was at
tributed In part to the British political
situation and in part to the speculative
wnap5 in xenin.
While the general market was heaviest
this morning, there were bids in the mar
leet at or above last night's closing price
fpr all th. offerings of United States in
dustrial alcohol, which were made. This
tfuylng is for a powerful speculative clique
trhtcn in times past has been responsible
for th. wide swing this stock has had. No
immediate move is contemplated. It is said,
but long pull accumulation is in progress.
One large brokerage firm today com
mented that It was little wonder that the
mind, of traders are confused. It pointed
out that American Locomotive, a 6 stock,
is selling at 111 on asset position; while
Chandler Motors, a $6 stock. Is selling at
74 on earnings statements; Union Pacific,
a S10 stock, is selling at 130 and Public
Service Corporation of New Jersey, a S4
stock, is selling at 83. The conclusion is
drawn that selling prices, whether based
on asset position or current earnings, is
dependent largely upon the aggressiveness
of the pool operating in it.
...
.The weekly statement of the clearing
house banks again shows a deficit in re
serves of J12.O54.030. In view of the low
rates for money obtaining the statement
comes as an unpleasant surprise to the
financial community. Total decrease in
surplus Is $56,.256.,150. Loans and dis
counts Increased J13.SS1.000. Reserves in
the federal reserve bank decreased $54.-t-J.t,Oon.
Demand deporits increased $!,
!rl,X0 and time deposits decreased 12.
SS7.000; Ordinarily it would be logical to
expect higher money rates during the
coming week, but in view of the failure
at high rates to materialize on the last
two occasions of a deficit la reserves,
hankers hesitate to express an opinion.
FORD ASKED TO OREGON
State's Power Possibilities to Be
Pointed Out by Engineers.
If Henry Ford's plan to develop
Muscle Shoals electrical plants fails
to develop, he will be asked by the
Hydro-Electric league of Oregon to
consider what it regards as the next
best wateT power possibilities, ac
cording to announcement yesterday
by members of tho league.
The streams of central Oregon
flowing into the Columbia river, as
well as the streams entering the
"Willamette river, will furnish im
mense electrical development at a
much lower cost than the Muscle
Shoals plan, according to engineers
of the Oregon league. A complete
outline of the water-power possibili
ties will be sent to Mr. Ford.
DAILY CITY .STATISTICS
BROWN KNOWN ON COAST
Illicit Drug Trafficker Identified
as Morris Halpern.
JACKSONVILLE. Fla.. March 4.
Slorrison Brown of Havana, held here
m default of $25,000 bail. after,40.
MjO worth of morphine and opium had
Cen found in his room, was identi
fied tonight as Morris Halpern, said
to have been at one time an illicit
drug trafficker on the Pacific coast.
1 C D. Dickinson, federal narcotlo in
spector, made the announcement tonight.
FOURTH ESTATE EXALTED
; Immigration Rule Puts Newspaper
Men, in Learned Profession. .
"' BOSTON, March 4. A newspaper
man is a. member of a learned pro
fession, pader. a rulins made, by
Births.
AXDERSOX To Mr. and Mrs. J. A.
Anderson, 230 East Forty-eighth, Febru
ary 27, a son.
HENSHAW To Mr. and Mrs. G. il.
Henshaw, 783 East Burnside, February
28, a son.
THOMPSON To Mr. and Mrs. J. B.
Thompson, 945 East Sixty-ninth, N., March
1, a daughter.
LIDDY To Mr. and Mrs. P. T. Llddy,
62 Vi Ella. February 22, a daughter.
GALLEGLY To Mr. and Mrs. William
M. Gallegly, 1135 Albina, February 1,
a son.
WILSON' To Mr. and Mrs. Charles E.
Wilson. -4M2 East Forty -second avenue,
February 25, a son.
ROBISON To Mr. and Mrs. C. G. Rorbi
son, 1S19 East Burnside, February 25, a
80VEITZEL To Mr. and Mrs. H. Weit
zel, 765 East Eleventh, J.'., February 2&. a
daughter.
BQREN To Mr. and Mrs. J. M. Boren,
633 Thurman, February 21, a daughter.
BARDE To Mr. and Mrs. Ben L.
Barde. 2410 East Forty-seventh, February
21. a son.
MITCHELL To Mr. and Mrs. F. Mit
chell, 521 North Twenty-fourth, February
27, a daughter.
MOULTON To Mr. and Mrs. F.' L.
Moulton. 489 Commercial, February 14, a
son.
HATTER To Mr. and Mrs. H. B. Hat
ter, 763 Williams avenue. March 2, a son.
ASHER To Mr. and Mrs. A. Asher. 380
East Twenty-fourth. N., - February 23, a
son.
CHRISTGATJ To Mr. and Mrs. ' E. A.
Christgau, 368 Beech, February 22, a
daughter.
TiiRALL To Mr. and Mrs. I. W.
Thrall, 230 Tenth. February 2, a son.
BIRCHALL To Mr. and Mrs. W. W.
Birchall, 264 Vi Fourteenth, February 25,
a daughter.
ORE! To Mr. and Mrs. H. Grey, 778
Glisan, February 23, a daughter.-
SPITZER To Mr. and Mrs. R. Spltxer,
3S0 Sixth. February 20, a son.
GRIFFITH To Mr. and Mrs. T. Grif
fith. 161 North Twenty-third, February
2$, a daughter.
KOfiDO To Mr. and Mrs. M. Kondo.
Oregon City, Or., February 21, a daughter.
WHEELER To Mr. and Mrs. J. M.
Wheeler, Gervais, Or February 25, a son.
KELLER To Mr. and Mrs. Joseph Kel
ler, Routs 6, Box 384, Portland. February
23, a daughter.
WENT WORTH To Mr. and Mrs. A.
Wentworth. Box 425. Route 1, February
IS, a daughter.
Marriage Licenses. ' ' . '
ECKERSON-WHITAKER Alonson Ray
Eckerson, 28, 1538 East Market street, and
Inez F. Whitaker, 23, Portland.
CROW-GREEN Walter R. Crow, legal.
1531 Sixth street North, and Genets. A.
Green, legal, Portland.
BRANDS - SCHEAFER Edward P.
Brands, legal, Parkroee. Or., and Betty A.
Scheafer, legal, 306 East First street.
MADER-SHARFFENBERG Theodore
Mader. legal. 6610 Foster road, and Au
gusta Sharffenberg, legal, 6422 Sixty-second
avenue Southeast.
CRBW-DOLLIVER C. C. Crew, legal.
Hood River, Or., and Ellen Doi liver, legal,
Portland.
HUBBELL-BARNETT W. E. Hubbell,
legal, 312 Third street, and Mamie Bar
nett. legal Portland.
MEYER-YOUNG Algernon Meyer. 22,
The Dalles. Or., and Bernlce M. Young,
19, 410 Harrison street.
Vancouver Marriage Licenses.
MORTON-GOODWIN John G. Morton.
31, of Portland, and Ethel M. Goodwin, 23,
of Portland.
MILLER-THOMPSON Theodore L. Mil
ler, 19, of Portland, and Florence B.
Thompson, 17, or Portland.
T AIT-LEE Alfred J. Tait. 25. of Port.
land, and Eva M. Lee. 18, of Portland.
ElDiSRK,TOiiBI Frederick; a. m,r.
39, of Gaston, Or., and Mrs. Louise M.
Conley, 25, of Woodland, Wash.
1
eviction of Movie Man Issue.
BENT), Or., March 4. (Special.)
Hugh CVKane, suing In circuit court
today to secure th -"viction of U. B.
Sparks, moving pict theater man
ager, from theater rowma In the Spo
kane building, was met by the de
fense that his dealings had Hen with
Sparks as agent for thi Sparks
Amusement company, while the eu.it
was brought against Sparke as an in.
dividual. Nonnpayment of rent is al
leged. The case attracted, much in
terest locally.
CHICAGO, March ' 4. Bears raided the
Chicago board of trade grain pits today
and a hectic S'A hours of trading re
sulted. The entire list lost ground, wheat
finishing with net losses of 8 a in May,
2Ko in July and Ha In September; corn
2c to 3&c net lower; sat c to Tie off.
and provisions from ISo to 27Vc under
Friday's finish.
Easier prices at Liverpool and weak
ness In corn started .fbhat on the down
grade from the opening gong. Heavy
selling by houses with New York con
nections ran the market into stop-loss
orders and soon prices howed drops of
20 to c with May leading. The run
on May was helped by a local concern
which sold that option and bought July,
the result being a narrowing of the spread
between the months.
Later there was a rally on reports of
seaooara sales for export and that Japan
had taken 250.000 bushels of hard winter
and 150.000 bushels of Manitobas over
nlgnt. But in the last 15 minutes selling
bV Dit traders. Whn hniirht nn th, earllf
declilTe In anticipation of a late rally,
caused a' sharp set-back.
N Corn was weak under the same kind of
selling as wheat, but when Inside figures
reacneu oc under Friday's high seaboard
houses and shorts bought freely and the
finish was on a good rally.
Oats resisted tho pressure from the
wheat and corn pits stoutly and there was
less liquidation in that grain.
- Provisions started off with a new season
high mark in lard, but broke sharply
when grain declined. The corn rally gave
some late firmness to an otherwise fea
tureless market.
SILK DEH IS STEADY
INCREASED BUSINESS IS EX
PECTED THIS MONTH. "
The Chicago grain letter received yes
terday by the Overbeck & Cooke company
of Portland follows:
Wheat Liquidation set in as soon as the
market opened and persisted throughout
the session with only temporary and occa
sional Interruptions. It la the opinion of
pit observers, and appears to be well
founded, that many leading original bulls
have been disposing of thfeir holdings for
several days and the wheat taken by new
" " wauiuon or tnis sort is ai-
ways considered a hearlnh flpmm.nt t
With World Conditions nn at nv-.cur,, . o
u.i wicta is apt to be only tempo
rary after the market has busted the
liquidation. The news In r. I .1 .
closed no changes In conditions, Liverpool
r )r "'s'uviim uaoies oeing slightly lower,
out relatively strong in comnirlmn with
our market. It is interesting to note that
Argentine wheat laid down In the United
Kingdom Is now at a premium of about
' over eun wheat. There was little
uoins in export circles today, but it is
ITy Jrobale that considerable business
1U be done early next week. The reac
tionary tendency of the past few days is
likely to continue a while longer
Corn Liquidation took place In this
"ailkei. lfie Same aS in Whenf anA rtirf
not culminate until after a decline of about
3 Mr cents from last night's close had been
registered The action was identical with
that of wheat, but in the sense that the
" "" precipitated by any Im
portant bearish devalnnmont almniu .
ural reaction following the recent extended
upturn. Cash pricfes followed futures with
out displaying any independent weak.ess,
th0 tone was relatively firm, with
ndications pointing to a further reduction
In receipts. A good shipping business was
u maureaK, sales or 400.000 bushels.
...viua.ng .iju.uw to exporters. A further
ls ,,ul, imuroDan e. hiif Hrt
expect it to be far extended.
hat7T,,;adf was actlve ana th9 market
held relatively stronerer h .v, . ,
corn. There appeared to be some further
wiw n letdins ln""-ests, but offerings
- ...... n me maricet declined.
Cash prices followed the action of futures
f" ,trad'nS basis was unchanged.
Country offerings to arrive were light. Oats
have not had much Mvm "
sneaking rt ,i..
. u4ui I? Biiuuia not surfPT
any Important decline, as conditions point
to a strong situation in j.tL. : :
fnf,,M " "
Rye There waa a fail. j , l. ...
cient buying bv eastern in..,.
the market within a narrow range. Pr ces
were lower, but did not fully reflect the
...... ... l. . ui oiEerin&s.
inures ranged as follows:
WHEAT.
Open. High.
1.4o4
1.22
CORN.
.6i
6S?i
OATS.
. .41 i
.43
MESS PORK.
May
July
May
July
May
July
.1.45
.6614
-68
.41
43
Low.
6231
.65
.40
.52
Close.
S1.42
1.20 54
.63 4
.65
.41
42
May
21.10
LARD.
..12.12 12.15 11.82
..12.32 ' 12.32 12.00
SPARE RIBS.
. .11.30 11.30 1120
..10.9O 10 OO men
yricea were an rn t,v..
Ja9tN- red' t1-3! W. 2 hard.
SriTSlImUed- 589c; No. 2 yel-
Msy
July
May
July
11.00
12.10
11.25
10.80
low, 5Si460c.
Oats No. 2 white, 40 S
Ry No sales.
Barley 65 71c.
Tlmotry seed J5W7.
Clover seed $1525
Pork Nominal.
Lard $11.75.
Rlbs f 11 1 2.50.
42c; No. 3 white.
Minneapolis -Cash Grain.
hJSHl,anP1 'vfj1 rCaln Pr'ces. furnished
byilerra 5 Rh:odes. Inc., of Portland:
Wheat No. 1 dark northern, tx s"'4a
iwS.: no I dar north". tS?SS
ik2'. w ? northern, si.400
1.52 : No. 1 northern. J1.5H4 ei K4U
No. 2 northern. 8L44 1.50.?. No 3
yfhern, $1.38 1.46J4; Durum. $L20
Corn No. 3 yellow, 52US54U
Oats No. 2 white, 35 35
Barley 52 53c " 4'
Rye 9596tic.
Flax .No. 1, $2.58 2.64 .
San Francisco Grain Market
SAN FRANCISCO, March 4 Wheat
Milling. $2.2502.30: feed. tSS0O"S
$l5r4er5o!ed- : pipping.
Oats Red feed, $1.40 1.65 v
MSo:n$TW5htie90ElryPUlin' t221: "1
Hay Wheat, $1719; falr. $i4(ffli7.
tame oat. F1518; wild oat, $llil. iV
falfa, $1417; stock. $710; Itiw. noml
All Orders Are for. Quick Delivery
and Are for Sbades That Are
Just From Mills.
(Copyright by the Public Ledger Company.
Published by arrangement.)
v PHILADELPHIA, March 4. (Special.)
A good, steady demand has en in evl-
r),nr. fnr marsl dava in the silk trade.
All orders have called for quick delivery
and have run on the shades and fabrics
that have recently become popular. Mills
in position to cater to this call are shipping
out merchandise in excellent volume. Some
manufacturers have been unable to fill or
ders for quick delivery.
It is clear to the trade that during
March there should be a larger amount
of yardage in silk consumed than almost
any time of the year as it affects the
Easter use and seems to be the central
point of spring consumption. Some factors
say It will undoubtedly be hard to meet
the requirements of the trade. With pres
ent market conditions, first hands will not
produce surplus stocks except as they
see the sales increasing and conditions
become more stabilized. .
There has been considerable trading on
the basis of Interesting prices which In
some cases show losses to the makers.
However, leading fabrics are In such strong
demand that their prices are well main
tained. This applies especially to crepe
de chine and canton crepes.
Sport silks are popular In varied colors
and designs and some merchants are an
ticipating a large consumption. Such mate
rials as taffetas, crepe satins, crepe me
teors, georgettes, messalines - and char
meuse are being offered at attractive
prices for bulk sales. '
Dress manufacturers report more ac
tivity than they have had for a long
time and it is said to be certain that
March will show a large output. Under
wear, petticoat and shirt makers seem
more satisfied with the business they are
receiving. Radiums are having excellent
sales for this trade. She cloak and suit
lines are in the midst of considerable activ
ity. For linings they are making consld
erable use of gray and tan peau de cygne.
which is In scant supply.
EXPORT PARCELS WORKED
Flour Active Locally, But Is Not
"Wanted Abroad Acute Short
age 4 11 Mill Feed Supply.
GREAT SILVER TIDE RISES
YUKON'S MINERAL) WEALTH IS
STEADILY INCREASING.
Fifteen Hnndred Mines Staked
During Last Two Years, Many
of Which Are Producing.
DAWSON, T. T., March 4 (B7
Canadian Press.) Yukon's great sil
ver tide Is steadily rising and the
Klondike continues the banner gold
producing camp of the- entire North
land, says a 38-page special edition of
the Dawson Daily News.
Silver mining has progressed at an
astonishing rate in thf last two years.
Fif teen hundred mines, a large pro
portion of which are producing, have
been staked. Theflelds have Deen
covered by companies that ho'6 mos'.
of the big producing claims and are
pushing their development. A yeat
ago the Yukon Gold company wan
the only large organization engage
in quartz mining and exploration at
Mayo, but since then two well-known
American companies have obtained
control of many claims, which large
crews are now develop'ng.
The most notable strike on Keno
hill was the finding of the lode on
the west end. or McQuestion slope.
The finding of this rich mine was
accidental, as in the case of a great
many mineral discoveries. A buck
board carrying two men skidded
down a slippery embankment anc"
turned up a piece 01. nuai. wiiiuut iuiu
the story. The ore assays from 203
to 500 ounces to the ton.
Union Officials in Mexico.
MEXICO CITY, March 4. Walter
J. Yarrow, adviser to California oil
workers; J. W. Kelley, president of
the machinists' union, and F. J. Mar
rion, president of the ironworkers
union- have arrived here, according
to El Universal Grajihlc, to effect
cordial relations between American
and Mexican workmen.
Winnipeg Grain Market
WINNIPEG. March 4.Cash wheat, No
1. northern, $1.44; No. 2. $1.40?
-jutty. 9i. wa; July, $1.34.
Futures
Seattle Feed Market.
SEATTLE March 4. City delivery: Bar.
ley whole, $36r ground and rolled $38
clipped, $43; coconut meal, $31: linseed
meal. $87. Others -unchanged. "nea
Minneapolis Wheat Futures.
MINNEAPOLIS. March 4. Wheat. Mar
$1.43; July, $1.32. v
Duluth Linseed Market.
DTJLTJTH, March 4. Plax seed on track,
2. 69 2.62; arrive. 2.592.6L
Bops, Etc., at New Tork.
NEW YORK, March 4. Hops, hides and
wool unchanged.
601LER TESTS GIVEN TO 12
Applicants Take Examination to
Become Inspectors.
Before an advisory board of techni
cal men, 12 applicants for credentials
DAILY METEOROLOGICAL REPORT.
PORTLAND. March 4. Maximum tem
perature. 43 degrees; minimum. 86 degrees.
Kiver reading, s a. ivi., o.o ieei; cuaiiso in
last 24 hours, 0.5 foot rise. Total rainfall
(5 P. M. to S P. M.), 0.98 inch: total rain
fall since September 1, 1921. 26.49 inches;
normal . rainfall since September 1. 32.39
Inches; deficiency of rainfall since Sep-
temper 1. 1921, B.PO Inches, sunrise,
A.M.: aunset. 6:01 P. M. Total sunshine
March 4. 4 hours 8 minutes: possible sun
shine. 11 hours 17 minutes. Moonrise.
8:35 A. M. : moonset. 12:07 A. M. of the
fifth. Barometer (reduced to sea level)
8 P. M., 29.90 Inches. Relative humidity
at 5 A. M., 81 per cent; at noon, 71 per
cent; at 5 P. M., 83 per cent.
The wheat market had another setback
yesterday and bids at the Merchants Ex
change were reduced 2 to 3 cents.
Trading In the country was light, with
little demand and not many, offerings.
The best prices reported bid for milling
bluestem were $1.S31.S6 and for club,
1.270 1.28. A further decline in the mar
ket is expected by most dealers.
There was some export inquiry and a
number of parcel sales were said 4o have
been worked.
Concerning the Chicago slump, the dally
Chicago wire to the ' Gray-Rosen'baum
Grain company said:
"Enormous liquidation responsible for
decline. Good buying noticeable on break.
but too much wheat for sale on bulges.
Believed that very large export business
resulted in break. Would not follow de
cline." J .
The Liverpool market closed d lower
on May wheat. .
The wheat weakness extended to the
oth'r cereals on the local board. Barley
was unchanged, but oats bids were 50c
$1 lower, while offers for eastern yellow
corn were off $1(251.50.'
There was a good local flour demand.
but practically nothing doing In export
flour. The lack of export grinding is re
sponsible for the acute shortage that ex
ists In the mill feed supply here. The
mill run market Is stroeg at , $28 for
straight cars, but practically all sales are
In mixed cars.
Terminal receipts, in cars, were re
ported . by the Merchants' Exchange as
follows:
Portland
Wheat Barley Flour Oats Hay
saturaay . , lit
Year ago. . . 68
Se'n to date.24,352
Year ago... 12,274
Tacoma
Friday .... 22
Tear ago. .. 40
Se'n to date. 8,792
Year ago... 3,599
Seattle--Friday
.... 83
Year ago... 24
Se n to date. 6.903
Year ago... 3,937
11 2 7
4 9 - 1 12
153 1721 690 1412
201 602 402 835
1 6 ....
1 ....
87 1055 122 642
47 706 102 730
1 5 2
4 1
189 1704 . S19 1282
188 284 318 1128
NEW FRUIT GRADES DESCRIBED
Australia Establishes Tentative Rules
Governing Exports.
The Australian minister of trade and
customs has recently published tentative
regulations for the export of fresh fruit
The chief factor of the new regulations
Is the omission of the names "extra
fancy," "fancy" and "choice" and the sub'
stltution of the terms "A grade," "B
grade" and "C grade." These regulations
are open to revision where it can be shown
that alterations will be -of benefit.
Under the new grades all apples and
pears for export to any country other
than New Zealand must be packed In
cases of) specified, dimensions In -such
manner as to render them unlikely to
damage during transit. The fruit, more1
over, must be so packed that the outer
layers or shown surfaces can be taken as
a true - indication of the average grade of
the fruit throughout the package. A1J
fruit intended for export will be deemed
ungraded unless the packing is carried
out in accordance with the conditions
prescribed and unless it is described in
accordance with grades A, B and C.
ANOTHER DECLINE IN EGG MARKET
Selects Offered in Jobbing Trifle at 28
Cents Butter Is Steady.
The egg market was weak at the close
with large receipts and an inactive out'
side demand. Buyers generally bid IS
cents for country shipments. Resales on
the street were at 20 cents. The assocls
tion reduced Its selling list 2 cents to 24
cents for selects, 22 cents for firsts and
21 cents for pullets. No improvement in
the market is expected until storing be-
gins. Active operations or this character
will not start before March 2L
The butter market was steady with a
good movement of cubes and prints.
Larger receipts of poultry during the
weels caused an eaBier market and prices
of hens were about a cent lower at the
close. Country dressed meats were steady.
STATIOKS.
ti
Wind.
Baker
Boise - . . . , .
Boston . . . .
Calgary , . .
Chicago . . .
Denver . . . .
Des Moines.
Eureka ...
Galveston . .
Helena ....
JuneauE v.,
Kansas City.
j-.os AJigeleo.
Marshfield .
Medford . . .
Minneapolis
New Orleans
New York..
North Head..
Phoenix
Pocatello ...
Portland
Rose burg ...
Sacramento .
St. Louis....
Halt Lake...
San Diego...
S. Francisco.
Seattle
Sitkat
Spokane
T acorn a . . . . j
Tatoosh, Isd.
Valdeat
Walla Watlai
Washington.
Winnipeg
Yakima ....
R4I0.12
40IO.O&
4810.12
40 0.O0
460.00
5810. 00i
54i0.00i
R00.M!
..IN
10 NW
22W
12 SW
"Is
..W
B6i0.00 . . SB
400.0010SW
4210.00!..
48!0.OO10SB
60IO.O0I10ISW
4810.041". . a
46j0.80 .. 8W
44IO.OOI. .SW
64,10.001. . NB
40 0.2612 NB
44 0.03 14 W
7010.00 . .JTW
30!0.0414SE
43!0.8812jSW
46:0. 741.. ISW
fi6!0.14il2IW
46i0.00il4!S
SI0.02!12K
60I0.O0I10IW
.B40. E022 NW
4i.'i0.08!20;S
42!0.00 . .1. . ..
42:0.04ll2iW
46:0.28114ISW
42 0.94 181 SW
.18210.001
84
34
28
28! 5010. 00.. W
4610.04 .. SW
3R:0.t6ll2 NW!
.1810.00 . . JTW
Snow
;Cloudy
Kain
Cloudy
Clear
Clear
Clear
Clear
Clear
Ctbudy
Clear
Pt. cloudy
Cloudy
uioudy
iClear
Clear
Rain
Clear
Clear
Snow
Cloudy
ream
Clear
Clear
Snow
Clear
Cloudy
ft. cloudy
Clear
Cloudy
Cloudy
PtJ cloud;
Rain
Clear
Pt. cloudy
A. M. today.
day.
P. M. report of preceding
FORECASTS.
Portland and vicinity Occasional rain;
southweet winds.
Oregon and Washington Occasional
rain; strong southwesterly winds on the
coast.
AIX GRADES OF APPLES ARE FIRM
Good Demand Reported by Local Jobbers
Daring; Week.
Apples were in good local demand dur
ing the week, and with supplies small
prices were very firm. For extra fancy
large-size WInesaps dealers obtained $3.50
3.75. Other varieties were quoted at the
following range:
Spltzenbertf Ext. Fey. Fey. Chce.
113s $3.25 J3.00
125s 2.8S 2.60 $2.40
138s. 150s. 183s 2.60 ....
Rome Beauty
SPs, 88s. 9s 3.00 2.TS 2.50
Tel low ivewtown
80s. 88s. 96S or 100s. . . . 3.00 2.75 2.60
112 2.90 2.60 2.40
125s '. 2.73 2.50 2.35
138s, 150s. 163s 2.50 2.35 . 2.10
Yellow Newtown
Jumble, 4-tier, per box 1.75
Jumble, 4-4-tler, per box.... 1.60
Jumble, 4V4-5-tler. per box 1.35
Potato Shipments Moderate.
There was a moderate revival in the
potato trade during the latter part of the
week. Demand from California developed
and shippers bought a few cars, paying
$1.25 for the best. Farmers are not free
sellers at this price.
The onion market was quiet without
change in buying prices. Only one car
was shipped out during the week.
53.50
29.00
28.60
2S.00
27.50
FLOUR Family patents. $8.to Der bbl. :
whole wheat, $7.60; graham, $7.40; bakers'
hard wheat, $8.30; bakers'- bluestem pat
ents, $7.80; valley soft wheat, $6.75;
straights, $6.35.
MILLFEED Price f. o. b. mill: Mill
run, ton lots, $28; mixed cars, $27; straight
cars, $26 per ton; middlings, $42; roiled
barley, 437 to 39; rolled oau, $42; scratch
feed, $1550 per ton.
CORN White, $3t; cracked, $38.
HAY. Buyinc price f. o. b. Portland:
Alfalfa, $13.50014 per ton; cheat. (119
11.50; oat and vetch, $15; clover, $11;
valley uinoiay, $14(0 15; .astern Orcgoa
timothy, $16 17;
Dairy and Country Produce.
BUTTKK Cubes, extras, 33834o per lb.;
parchment wrapped, box lots, 38c; cartons,
Btfc. Butterfat, buying prices: io. 1 grade,
437e, delivered Portland.
EGGS Buying price, 18c dozen, case
count; jobbing prices, case count. 2oq?2lc;
candled ranch, 22c; association selects. 24c;
association firsts, 22c; association pul
leU, 21c.
Hu;a,SHl Tillamook . triplets, price to
Jobbers, 1. o. b. Tillamook, 26c; Youns
Americas, 27c pound.
POULTRY Hens. 2125c; duoks, 250
30c; geese, nominal; turkeys, live, nomi
nal, dressed. 35 40c.
rvttix ,ncy, lotfioo per- pound.
VlAL Fancy, 16c per pound.
Fruits and Vegetables.
Local lobbing quotations:
FItUITS Navel oranges, $4.B06 50 box;
lemons, $8.258: grapefruit, $3.5097.50
box; Dananus, per pound; apples,
I1.50&3.75 per box; cranberries, eastern,
$20 per barrel.
POTATOES Oregon. $1.50 1.75 per 100
pounds; Yakima, $2(2.25 per 100 pounds;
sweet potatoes, 510.60 per pound; isancy
Hall. $2.50 per crate.
ONIONS Yellow, $7.758 per cental.
VEGETABLES Cabbage. 4 5c per
pound; lettuce, $4.50)5.50 crate; carrots,
$1.5U2 sack; garlic. 15c per pound; green
peppers, 45c per pound; celery, $8.5o10.
crate; cauliflower, $2.2o3 crate; sprouts,
2010220; parsnips, $1.502. 5i per sack:
tomatoes. $5 per lug; artichokes, $2402.25
dozen; cucumbers, $2.50 3 dozen; rhu
barb, 3c per pound; spinach. $2ia2.50 per
crate. , -
- Staple Groceries.
Local lobbing quotations:
SUGAR (sack basis) Cane, granulated,
6.20c pound; beet, 5.90o per pound.
NUTS Walnuts, new, crop, 2336o per
pound; Brazil nuts, 23c; almonda 27o;
peanuts, ll14c per pound. - -
RICE Blue Rose, 6.fac per pound; Japan
style, 6c per pound.
COFFEE Roasted, bulk, la drums. 18 9
25 c per pound.
SALT Granulated, bales, . $3.2504.05;
half ground, ton, 60s, $17; $100s, $16.
HONEY Comb, new crop, $4.5005 per
esse.
DRIED FRUITS Dates, 1825o pe;
pound; figs, $1.40(8.50 per box; applea
loc pound; peaches, 10c; apricots, 23u
prunes, 10 ft (& 13c.
BEANS Small white, 694c; large white,
5'ic; pinK, 6toc; bayo, c; red, 6Vic
lima, Utic pound.
Hides. Hops. Etc.
HIDES Salt hides, 5c; salt bulls, 4c
green bulls, 1c less; salt calf, 11c; salt kip,
7c; salt horse hides, $12 each; dry horse
hides, 50c $1 each; dry hides, 10c; dry
cull hides, halt price.
PELTS Dry pelts, 15c (long wool): dry
short wool pelts, 7c; salt pelts, February
take-off, tl2 each; dry goat skins, lvc
(long hair).
TALLOW No. 1, 4t4c; No. 2, 3tto per
pound; tanic tallow, 2c pound.
CASCAKA BARK ttc pound delivered,
Portlands
OREGON GRAPE Grape root, 60 per
pound.
HOPS 1921 crop, 18pzoo pound; con
tracts, 1516&
WOOL Eastern Oregon, 2130c per
pound; valley wool, medium, 203,22c
quarter blood, 1820c; low quarter blood
161818c: braid, X2io14c; matted. 10 4jU2c
MOHAIR Long staple, 24c; short staple,
15c pound.
GRAIN BAGS Carlotk, 7 Si 7 it c coast.
Provisions.
Local Jobbing quotations:
VHAMS Ail sizes, 84 37c; skinned, 82 O
40c: picnics, loiwiuc; cottage rou, 24c.
BACON Fancy, 8244c; choice. 289
84c; standard, 22p24c.
LARD Pure, tierces, 15o pound; com'
Dressed, tierces, 18c.
DRY SALT Backs, 18Q21C; plates. 15
Oils.
LINSEED OIL Raw, in barrels, $1.10;
-gallon cans, $1.25; boiled. In barr.ls,
$1.12; 6-gaIlon cans, $1.27.
TURPENTINE In drums, $1.15; B-gal-Ion
cans. $1.30.
WHITE LEAD 100-pound kegs, 12 W
per pound.
GASOLINE Tank wagons and Iron bar
tels, 2 00; cases, 88 Vie.
QUOTATIONS ON DAIRY PRODUCTS,
Current X'rices Ruling on Butter, Cheese
and Kggs.
SAN FRANCISCO, March 4. Butter-
Extras, 84 Vic; prime firsts, 84c; firsts.
nominal.
Ekes Extras. 26c: extra pullets, 21 Vic:
undersized. No. 1. 18 Vic.
Cheese California flat fancy, Zle; Young
America, fancy, 2oc.
NEW YORK, March i. Butter, steady
creamery higher than extras, 38Vi39c
creamery extras, S7Vi38c; firsts, 34 87c;
packing stock, current make No. 2, 20 Vi
S)21c.
Eggs, unsettiea ; tresn-gamerea extra
firsts, 27vi28c; firsts, 2027c.
Cheese, lirm.
CHICAGO, March 4. Butter. lower
creamery extras, 36Vi694c; firsts, 32
36c: seconds. 2v31c; standards. 35 c.
Ef?gs. lower: receipts .tu.zjd cases: zirsts.
2223c; ordinary firsts, 2021c; miscel
laneous, Z2CaP22ViC.
SEATTLE, March 4. Eggs and butter
unchanged.
SAX FRANCISCO PRODUCE MARKET
SUPPLY OF HOGS SHORT
PORTrVXD PACKERS FORCED
TO IiUV IX EAST.
Recent Advance in Prices Hue to
Inadequate Stocks; Holdings
Light in Most Sections.
Bank Clearings.
Bank clearings of the northwestern cities
today were as touows:
Clearings. Balances.
Portland $4,689,877 $1,116,502
Seattle 4,603,805 1,140,120
Tacoma, transactions , . 1.985,000
Sprkane, transactions 8,371,854
Clearings 01 .Portland, Seattle ana Ta
ccma for the past week and corresponding
week in former years:
Portland Seattle. Tacoms.
$20,648,185 $32.391. 73! $14.516,OO0
2H,74.Hfil Z7,482.WI 3,239.K9
1.046,843
81.225.266
28.124.431
17,119,878
12,524.701
12,558,447
15.168.278
13.839.680
14,223,449
12,311,100
1922.
1921.
1920.
1919.
1918.
1917.
1916.
1915.
1914.
1913.
1912.,
1011.
, 88.475,230
. 27,614.847
. 19,122.666
, 12.862,992
, 10.950,643
, 10.767.029
, J 1.706.028
15,143.105
15,754,093
13,594,057
5.19T.957
3.596.179
3.823.324
2.439.274
2.263.240
2.004.491
2.853.771
3.586.787
4,773,671
6,256,08S
Total transactions.
Bankers' Acceptances.
Quotations on bankers' acceptances fol
low: Days
30 00 00
Prime eligible members, pet.. 4 4 4
Prime non-members, pet 4Vj 4!4 4U
PORTLAND MARKET QUOTATIONS
Grain, Flour, Feed, Ete.
Merchants' Exchange, noon session:
Bid.
Wheat Mar. April
Hard white $ 130 $ 1.30
Soft white 1.28 1.28
White club ..... 1.28 1.28
Hard winter 128 1.28
Northern spring 1.26 1.2C
Red Walla 1.22 1.22
Oats
No. 2 red feed S5.00 - 35.00
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, March 4. (State di
vision of markets.) Fruit Apples, Svi
and 4-tler, $1.4003.50; navel oranges.
$48; lemons, $45.60; grapefruit, $30
4.25; pears, box, $38.75.
Poultry Broilers, 4345c; young roast
ers, 2642c; old. 16Q!20c; hens, 2530c;
ducks, 22 28c; live turkeys, 33 035c,
dressed, 36 44c
Vegetables ArticnoKes, large crate, fl4
18; carrots, sack, $11.25: celery, crate.
$25; cucumbers, dozen, $1.75g2.75; let
tuce, crate. $2.504.25; mushrooms, pound.
2590c; brown onions, cwt., $66.50; white
globe onions, O(0'; green onions, oox, Siitgi
2.50; peas, pound, 1525c; potatoes, $2.15
3.25; pumpxins, sacK, 7dc$i; rhubarb,
box, $2.25 2. 75; cream squash, lug, $1.25;
Hubbard, sack, $1.25i1.50; sprouts, pound,
1213c; spinach, crate, $23.50; aspara
gus, 65c pound.
ReceiDts Flour. 1636 quarter sacks;
wheat. 10,460 centals; barley, 8500 centals;
corn, 1600 centals; potatoes, 3094 sacks,
onions, 26 sacks; hay, 90 tons; hides, 18,
oranges and lemons, 3200'boxea; livestock,
1200 head.
There are many factors in the combina
tion of conditions that are responsible Ior
the present nigh prices of bogs, supply aid
demand being the principal cause, accord
ing to a statement issued yesterday by
C. M. McAlister of the Portland Union
Stockyards company, which says:
"There is a big shortage in the eastern
half of the United States. The supply in
the mid-country is about normal. To
United States department of agriculture
reports as follows: Total number of hogs
in the United States in 1920. 6tf.344.000; In
1921, 56,097.000, and In 1922, 6U,UU6.00a
This shows a decrease in number of hogs
in the United states of 2.348.OU0. Oregon
in 1920 had 267,000, tn 1921 240,000 and In
1922 233,000, showing a shortage of 84,000.
"In 1921 receipts of hog. of Ortgon
origin at the Portland Union Stockyards
decreased 88 per cent over receipts for
1920. Reports show a slight increas. in
state hog production for 1922 over 1921.
The local supply of hogs has been and is
still insufficient to meet packers' needs.
The Portland Union Stockyards received
61.000 hogs from North and South Dakota.
Nebraska and Montana during 192L Dur
ing the month of January, 1922, 10.5U1
hogs were received from South Dakota
alone.
The packers of the northwest ar. forced
to Import supplies of live hogs to be able
to "carry on." The plants have to be
kept running to fill orders to take care of
trade.
"The present advances in prices are not
a packers' propaganda to cause a flood
of supplies to market as some argue and
would have us believe. Demand for prod
uct aud shortage of supplies are behind
tho move. On the middle west markets
the order buyers for eastern markets are
In close competition with local packer buy
ers, making it hard for the local packers
to get supplies to replenish their depleted
stock of swine products. This compaction
causes higher prices.
"For the present packing season, there
fore, with supplies coming in light, with
pork supplies and product on hand light,
accumulations are of a necessity being held
down.- Government statistics show present
stocks of hog products are the lightest in
a period of ten years. When the facts are
taken into consideration, the recent in
crease In live hog prices Is understood to
be simply a case of supply and demand.
"Neither I nor anyone else is in position
to correctly prophesy what prices for live
hogs will be in the future. Tho present
apparent shortage of hogs, and wltn the
demand exceeding the supply, indicates
that strong prices will prevail. As long as
prices remain where they are . for live
hogs, and the cost of production does not
advance, there la good money la raising
hogs for the market."
There was no change in market condi
tions at the local yards yesterday. Nine
teen loads of hogs arrived, of which eight
loads were direct shipments.
Prices quoted at the Portland Union
stockyards were as follows:
Cattle Price.
Choice steers t 7po 7.50
Medium to good steers 50f( l.oil
Fair to medium steers 6.O0W B50
Common to fair steers 5.00W 6.00
Choice feeders i.ixxip 6 00
Fair to good feeders 4.50$ 5.00
Choice cows and heifers 6.00'tf 6.60
Medium to good cows, heifers. 6.2641) 6.00
. . ,1 t,.,i,.ar- 4 ttm A 'x
Common cows 3. BOW 5.25.
Canners J00W J.ou
Bulls 3. 50W 6.50
Choice dairy calves 10.00wll.00
Prime light calves 0.00 10. 00
Medium light calves 6. J0W 8 00
Heavy calves 4.50 ( a.60
Prhnfught .'. 11.2S9JJ.7J
Smooth heavy, 200 to 800 lbs. 10.25f 11.25
Smooth heavy, 300 lbs. up.... .25u10.25
Rough heavy 7.Bll(a 9.2 5
Fat pigs 11.00(8)11.50
Feeder pigs 11.0011.5(l
Stags, subject to dockage..... B.OOiSi 8.00
East-ofmountain lambs 1 1.001 11.50
Best valley lambs 10.00 10.75
Cir . nVii 9.0OCI 10,00
Cull lambs wv .
Eastern Oregon feeders 8.004S 9.00
Light yearlings S 2S
Heavy yearlings S OOIj 9.00
Light wether 8.00 l 9.00
Heavy wethers 8.00 9.00
Ewes 3.00(0 B.60
Chicago Livestock Market.
CHICAGO. March 4. Cattle Receipts,
500 head, compared with week ago: beef
steers mostly 15c higher with spots on
good kinds up more and extreme top for
week. $9.40; better grades, fat cows and
heifers. 25340o higher; lower grades can
ners and cutters. 1015c higher; bulls,
steady: mixed choice atockers and feed
ers. steady: common kinds, dull; veal
calves, sharply lower, mostly $1 off.
. Hogs Receipts. 6000 bead, uneven
mostly steady with Friday's average; ship'
ners bought about 3000 heatd; holdover,
light; top. $11-35; bulk, $1111.25; pigs.
slow.
Sheep Receipts, 500 head, compared
with week ago, fat lambs and yearlings.
550c lower; sheep about 25c lower
shearing lambs, .steady.
Kansas City Livestock Market.
KANSAS CITY, Mo., March 4. U. S,
Bureau of Markets Cattle Receipts, 225
head for week; beef steers, steady; top.
$8.85; she stock steady to 2So higher; ean
ners. cutters and bulls strong to 15o high'
er: calves strong to 60o higher stockers.
feeders, stock cows and heifers 15g?25o
hlKber: stoca calves, soooira nigner.
Hogs Receipts, luuu neaa; active, strong
to 10c higher than yesterday's average;
bulk Kood and choice lights and mediums.
$10.90io11.20; top, ill.-o; no snippers op
erating; bulk ot sales, iu.uu ii..u; paca
lne sows and pigs, steady.
sheen Receipts, auu neaa ior ween:
sheeps strong to 15c higher; lambs, 5060o
lower; top, $15.50
Omaha Livestock Market.
OMAHA. March 4. U. S. Bureau of
Markets Hogs Receipts, 6500 head
steady to strong with yesterday's average
hulk. $10.60 19.85: top, $10.90.
Cattle Receipts, e.u neaa; comparea
with week ago, beef steers about 25o high
er; she stock, 354J50e higher: bulla, about
25c higher; veals, 75c4($l higher; stockers
,nd feeders. 1S(B2JC ingner.
Sheep Receipts, 250 head; compared
wlrh week no. lambs and yearlings 50p
75c lower; sheep, strong to 25o higher;
feeding and shearing lambs. 25(jy50o lower.
Seattle Livestock Market.
sv.ATTLE. March 4. Cattle and hogs-
Steady; receipts. S3 nogs, wuotatlona un
changed.
Naval Stores.
SAVANNAH, Ga., March 4 Turpentine
firm, 79ie: sales, 40 barrels: receipts, 21
barrels; shlmnerits. I'll wait
3300 barrels. H . f .
sates. 4'JO baisVf- txelpis, jj
Rosin firm;
637 barrels: hl Diuen t.l. ill 11 : Stock,
71,571 barrels. quote: I'.. , v. .1.. i i".
K, U. H. I, $4.15;' K. $4 Si: M, $ '; N",
$5.3.1; WO, $585: WW. $6.10 , , ,
Dairying to Me Foeterrd. , , .
(Copjrlglit by the Fuhtic Ledger C.,m;.ny.
PubliKbfd bv ArraliKement.
MILWAUKKU. Murch 4. t ,si.cla!.)
The Wlr-eonstn Farm Bureau fMlei atlon.
which is rapidly lcoinlng the greatest
farm organization In tlio stats, decided
to make the promotion of dairying the
ir.sln work of the state bureau. llcnolu
tions Indorsed the Cheese Producer' aJo
clation and the plan for orgnnlxinr the
producers of foreln cheese and the diatriot
and state federation of creamrnes. The
federation aieo went on rocorrt for the St.
T.awrence deep waterway to the Atlantic
Protests were alsr made agalnit .Importa
tion of butter from foreign countries and
urging a heavy duty en Imported vegetable
oils which are t mnko nlromargurlno.
4'offeo Futures Firmer.
NEW TORK, March 4. Bullish advices
from Brazil failed to stimulate any large
volume of buying in the maraet for coffee
futures today, but Imparted a generally
steady or firm ton to prices. Closing
prices were liet unchanged to 8 points
higher. Sales were estimated at about
11.000 bags. Closing quotations: March,
8.62c;. May, 8.72c: July. 8.74c; September.
8.79c; October, 8 80c: December, 8.81c.
Spot coffee firm, Klo 7a 9c; Santos 4s,
1813Vic.
Cotton Seed Oil Future.
Cottonseed oil futures at New Tork fur
nished by Herrin 4k Rhodes. Inc., of Port
land:
May. 1 1.80 911.81c: June ll.80tfll.eoe;
July, 11.93 11.04c; August, 12c bid: Sep
tember, 12.10O12.16c; October, 11.6o
11.62c.
Sales, 6500 barrels.
Sugar Market.
NEW . YORK. March 4. Raw sugar,
centrifugal, 3.73c; refined floe granulat
ed, 5.10c to 6.20c.
SAN FRANCISCO, March 4. California
Hawaiian sugar, 3.87c.
Cotton Market.
NEW TORK, March 4. Spot cette.
quiet; middling, 1880c.
MewYovlz to
South America
OtilLS.(jovemmentShip$
Fastest Time
to Kiode Janeiro, Montevideo and Buenos
Aires. Finest ships-American service
American food American comforts, bail
ings from Pier . Hoboken.
ft. S. Southern Cross Mare h IS
S. H. Aeolus March 3I
S. S. American Igloa ....April 13
S. S. Pan-America April 27
Fortnightly Thereafter.
For detcriptim booklet, addrrtM
Munson Steamship Lines
67 Wall St, New York City
Marwffino Oper ntnrt Jnr
XJ. S. SHIPPING BOARpi
3 IV!?
jtlMis liwl 111 i i .j '..
-5 ISa.
i
tReenlar service between Portland, Maine; Philadelphia, Boston
New York and Los Angreles. San Francisco. Portland, Ofi
Seattle and Tacoma via tho Panama canal.) North Atlantio aad
Western s. s. co.'s Bsuu-ion steet venneis.
EASTBOUNU
From
Portland. Or.
AKTIOAS , Mar. 13
WABASH Mar. 23
HR.IISH Mar. 19
Cargo s
For 'urt
WESTBOUND
From From From
Vn,tl,nrf Ma. RnRtAll. Phlla.-
WF.ST ISLETA Mar. 12 Mar. 18 Mar.it Ij
nnriTRA. . Leaves w lor Alar, is
rni.ii HARBOR Mar. 28 Apr. 1 Apr.
pace under ref rlfereration.
her lniormation jippiy xo
I'M thu niMtRAL LINE. Pacific Coast A ST !.
lm Thi.j street. Pfcoae Broadway S4N1.
-. , ...
22
OREGON-PACIFIC COMPANY
AGENTS FOR
TOYO KISEN fcAISHA
AND JOINT SERVICE OF
HOLLAND-AMERICA LINE
ROYAL MAIL STEAM PACKET COMPANY
anilines for Japan, rhlnn and Went Const Soii1 America,
and United Kingdom and European Porta.
GENERAL FREIGHT AND PASSENGER OFFICE
203 Wilcox Bldg. Bdwy. 4529 Pprtland, Or.
SAN FRANCISCO
TO THE ORIENT
onlLS.QovertvnentShips
The Sunshine Belt
Sailings from San Francisco
To Honolulu. Yokohama, Kobe, Shanghai,
Manila, and Hong Jtoug.
flnlden Mat..
F.mplre Mate..
Hooslrr Mate.,
.Mar. Z.I
.Apr.
..May 13
mni re y f i eVtys frarTr.
Far dmarxpUf bookUt, mddrt
PACIFIC MAILS.S.Ca
o California St San KrancisrqCal.
60S S. Spring St, Los Angeles, Cal.
10 Hanover Square, New York City
ayMter OsrvfAr for
LU. S. SHIPPING BOARDj
PASKT.ER AND FKKIOHT
WKKVICK TO CALIKIKMA
Through sailing lo ban Fran
Cisco, Los Angeles and Kan
Diego. Leave Municipal Dock
No. II, 4 P. M.
PS. SENATOR MAR. II
and every Saturday thereafter.
Loral Service to
Marshfield, Kureka aad Baa
Frnncimvt.
ADMIRAL HODMAN. Mar. IS
Kvery 14 days thereafter.
FAST TRANS-PACIFIC PA9
CENuK AND HtLlCHT
tiEKVICE.
Tokohoma, Kobe, 8banghal,
Hongkong and Manila. Sailing
from Healtle.
BAY STATU Marrh 1
For full Information apply to
lt Third M.. cor. Stark.
Phone Broadway Mbl.
CLARK'S CRUISES by CP. R. STEAMERS
Clark's lrd Crais. Jaaaarr 23. It2S
ROUND THE WORLD
Superb SS "EMPRESS ol F&ANCB"
Wl Groes Tons, Speeialrr Chertaree!
4 MONTHS CRUISE, 1000 aad aa
laofadiag Hotels, Fees. Drtvsa. Guides, ata.
Clark's loth CroUe, February 3
t. MEDITERRANEAN
aawtaout 89 "F.MFRESS of SCOTLAND"
25000 Gross Tees, Speoiallr Charters
6S DAYS CRUISE. $600 and aa
laeiodiof Hotels, Fee. Drivss. Guides, ata.
19 days Esvpc. PeisaUne.Spaio, Italy. Greaos.ses.
Europe stop-overs allowed oa Docs eraisaft.
Bmnf "" 'ssWea Flmr FlrtUt. 10
Frank C. Clark. Tints Building. New York.
AUSTRALIA
Honololv. Sotii, Znlnd.'
Th Palatial I'uarnifr utrnmnrm
B H. H. M AO A HA K. M. Pi. MAKt'BA
ZO.OOO Tod. 1S.600 Tim.
fll Frnua Vn!rotavr. li. ',.
For rate and Mlltna apply Caa. Paa.
Hallway. 55 Third M.. Portland. r Caaa
dfan-AuHtraltan lioyal Mall Una.
741 UaatliiKS tit. Weat. Vtruourtr, B. C.
HONOLULU
From Seattle.
S. Lurline (U.uoo lone) Mar. 4, Apr. It.
May I.
Cabin Rates. 0 and (IS.
MATSON NAVIGATION CO.
Seattle.
(And An Authorised Ticket Offices!.
ASTORIA and WAY POINTS
Steamer Sersleo.
Ln. rtallr (Kleept Saturday I ?: r. lU
Splendid Sleeping Aocommodatloaa
CoaueeUooa Made for All Norta aad
South Beaco. P.ilate.
Vara lack May, i Km Tria,
AJder-st. Dock. Broadway alia,
Xao siaralas Traasaortal wa Ca