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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (March 15, 1908)
? .. ... I t . I , V 1. THE OREGON 9 SUNDAY JOURNAL. PORTLAND. ' SUNDAY 'MORNINGS MARCH 15, 1&08. is Egg's Reach New Low Level and Storage Operations Are . to Begin in Near Future. ' Japanese Onions Cannot' Be Sold Here Uecause of the In ; ferior Quality ; of . Stocks M mEmNMCIAL WORLD IT lacjf Market Reviews : With the Trade r rrn I . . . . ... I S. I 'T " I-"" . 11,11 , . . .. . - ,i i n nw i i ii m i ! MmmimmMmm1 I ' r'"1 1 11 " 1 ' '" - ' ' sgeswsasassi mmmmmmm ni onion .1 :rt ROUTS JAPAN Foreign Article Not of Buffi- ; . cient Quality to Com pete With Ours. i" -, By Hyman H. Cohan. ' . Oregon onion producers have won thctr fight against the foreign crop. . An attempt of a local housa to bring Into discredit tha product of Oregon rlwa proven a dlamal failura for tha rea son that tha ' Oregon onion U Known verywhers waat of tha Rocky moun tairs aa tha- beat that la producad by stature. This seems 'to ba tha natural bom a of tha onion, for nowhere does It (tow to auch perfected quality aa In Ore iron and la no other place can It be produced ao easily. The keeping qualities of the Oregon onloa have caused much talk among oro- I rUicer and scientific men elsewhere, the Ufupplles grown here being much supe rior in in is evay to uie stocas grown in Vther sections. . It was for this reason that the at tempt to shove, aside the Oregon onion Snd pUca In Its stead, the product of apaa proved a flat failure. In the first place there la no other eection In the county or the world where onlona row to auch uniform alse aa they do i Oregon. The onlona of other locali ties may ba good but In no way do they compare with the product of Oregon. In alse the Oregon onion has them all beaten, for It la Just whst every one wants neither too large nor too small. The Japanese onion grades about No. t as compered with our beat Oregon In fact a No. I Oregon onion la even a trifle better than the one Imported from the (aland. The attempt to beat down the Oregon producer has. therefore, re sulted In failure and as the financial part of it is said to be heavy, it Is not liKeiy mat the experiment win De re peated very soon. The producers of Oregon should get more encouragement from their home merchant There has always been a diaposltlon among some commission houses to further the Interests of the producers of other states even to the extent or taking a smaller proni'.inen they would from the man at noine. Thla Is nut Intended to mean that the major ity of the commission men do that -but the bringing Into thla market of sup plies from other marketa that can Just aa well or better be supplied by local producers by a few, is alwaya detri mental to the rest of the market. Oreton producera should get a square deal at all times and tho merchant who does not fin no In the future Is likely to bi compelled to seek quarters elsewhere. Portland is loyw.1 to its tributary terri tory and the consumers know where the best quality la produced. This Is the reason why some merchants who ars always trying toWducate the people here Into trylr.g in outside product when a local one will do tetter, meet with failure. .There arc plenty of Oregon onions re maining here at this time to suit the trade at the prcserit range of values. With the higher prices consumption Is always curtailed and as the Oregon crop Is sold the California and Texaa onions will be ready . to use. -The gen eral commission trade of Portland Is against- the Importation of foreign onions as long na we nave Americana v fill the demand. Therefore there has been po aalo here for the forolgn stuff which aa far as quality la concerned la high at any price. BITUATIOX IX BUTTEB. Creamery Men Discover Their Peril- out Position and Cut Price. Th unvera break In creamery butter prices the past week waa due entirely to condltlona ruling all around ua. In California butter la so low in price that the makers there were shipping It all through the Portland territory wnere it waa sold at materially cut prlcea from Which we. had In effect. Th uma sort of condition ruled here several years ago and at that time Oregon creamery men learned a lesson that proved very effective even though It was ratner cosuy. nicy ueia m thotr nrica then, believing that tbey would be able to sell their product no matter whst price the other reuow charged. That they were mistaken in thair .dew waa shown a short time later when thla market became flooded with the outside product, wnicn in turn glutted the focal trade channels until It brought about an enormous decline la values here. Thla year the creamery men discov ered their plight Just In the nick of time, for with California butter about lie a pound lower than ours It would '.not take a very long ume 10 miua im. tlea;ltory with the cheap product. See ing tne danger or ineir punin me jwm creamery trade thla week cut the price to a pound, but even thla aharp cut seema hardly sufficient to stop the Influx of outside stuff. v EGO STORAGE TO BEGIN. Operations Will Become General In , This Market During the A ecK. ( Storage of eggs will begin here In earnest the coming week. A few cases were put away during the laat few days but the volume of the Input waa small. Prices went down hill very fast during the past alx daye in fact. It took sev eral men all of their time to find ex actly .where the market stood at Inter vals. All sorts of prloes ruled, at one time, every dealer trying to unload his surplus nt the best figures obtainable. During the week the price struck the lowest point In several yeara. Cheese mnrket Is showing-a firmsr tone, but values are aa yet unchanged. APPLES &OARIXO HERE. Market Is in Better Shape 'Owing to Smaller Supplies Tram wxpeciea. : YAiiaA nf thft lighter unnlles than th ifl trade anticipated a higher rantje i i.. l. .tKno in tha a nnlo mnrlrftt. lot !?ww iAnn ha fruit rAmilnii iinnnM In OT VI11I1CH IB 1 U i 1 lift 1 s-iiv fuw " sthe Hood.Rlver-dlstrlct and th avail 'able supplies In the hands of apecu lators and atorage operators are small In comparison with what the trade be- f Torsnge market is higher here and In fthe south on account of the low prices Jwhlch have heretofore made the trade HinprofltaDie lor proaucerB. 1 1 FRONT STREET REVIEWS. Hop Sales' Are Fair but Prices Rul 1 J ing Are Very Low. L'Asparagus la more plentiful ' and iower prices are expected the coming t' Hop sales during the past week were f fair volume but pricep ruled between Salmon aeaaon closes at noon today and will remain closed, for at month. Late fishing operations have been on an extensive, scale. , i.. , - 1 Smelt run in the Lewis river has been a! record breaker for .that stream and prices went down to 3c a pound here. a Dressed meats are still In steady de mand but the market Is not quite so firm aa It waa. . , . 4. , I Chickens were boosted , to, 16q hia Wk but th price was too high and the heavier arrivals caused the larger buyers to hold . back. This 1 the alt uation at the moment. - f- : f ilsxlcan tomatoes are lowar, besaus. ... of tha iarg uppil ' A car from Florida U due within a week or 10 &heet market was dull and inactive the past week with ,valuee aUUonary though nomtoal. No foreign . flour 'Vront street sells at the" following prlcea, . Prices paid , shippers are leaa regular commissions: 1 wrala, not aaa TseeX. ' a RAIN BAOg Calcutta, to( Urgt to: red Russian, iotfllcz Wuestem, A 0io: valley. II lla . ... QOPN whole. lt: cracked, Itt ton. eARLET-New-.reed,lt P-r toaj rolled tltotl) brewing, lit. . . RTB ..I4 per cwt, ; : . OATS New Producers T1 I whits 117 per tonj gray, 'S.2" FLOUR taster n Oregon oa tents, M.lJj straights. K.Iks P" f J JS; valley. 14.46; graham. K JO whole wheat. Itli rye. tss. Ik.io. M'sTUFFS Nominal Bran, 2 017 ton; middlings. 0-'Ol',1n?"J' wuntry. fai.iO; cfiy, 117; chop. Ml 024. HA If Producers' prtoe Timothy. tesC Yl10.k0; clover 1100 1; frsln, J-)ioheat. J. alfalfa. $110 I.M- , t Batter, XgaS aaa Poultry. BUTTER TATr. o- b. Portland Sweet cream. HUo; sour IJtte. iiU TT.H Jtxtra fancy lran oteam ery, 10c: faney I7J40ISC; choice, 27 Ho; stors, 6o a pound. EOOS Extra fancy, candled, 16c. CHaSby Nsw Full cicaui, fists. UHo per lb; Young Americana. 17e per lb: California, lie-lb. POULTRY Mixed chickens. 14 He lb; fancy bans. 14V015c lb: roosters old. 12c- fryers 4.kO0(.OO dosen; broilers. K.OOtlS.OO; geese, old, lo lb; turkeys, alive, 1401SO per lb; dressed, 16018c lb; squabs, tile dosen; pigeons, 1 1.26 dosen; dressed poultry, 101 Ho per lb higher. ktopa. Wool sad Bides. HOPS 1107 crop, first prime, 6 He; prime,' I He; medium to prime. SOI Ho; medium, 40ko lb; 110s crop. 102c tb; comrade, 1108. ( ). WOOL 1101 Willamette Valley. II 917c. MOHAIR 1101 Nominal. 26c. HIDKU Dry hides, ilmi) lb; green. tOkc: calvea. green. 0Tcj kit, so lb; bulls, green salt. 2H0SVo lb. SKEKP8KINB Shearing, 15 20c eaoh, abort wool. 2crc roeaum. wood, kOc0fl each; long wool, 7kc0 11.25 each. TALlvOVv Prime, per It. 3c04o; No. I and grease. 20 2 He. CHITTIM ARK J3He- rraits and Tsgstebies. POTATOES Select, 40 075c, aell lng; buying, Wlllaiuett- valley, 4U40o; eastern Multnomah and Clackamas. 460 10c per cwt; sweets, !H04c; seed stock f. o. b. Portland. American Wondera, 1; Early Roae, 1. ONIONS Jobbing price. 12.75012 00; buying, spot, 13.26 02.60; Japanese, $2.60; garlic, 7o lb. APPLES Select. 12 25; fancy, 12; choice. 11.5001,75: ordinary. 1101.26. FRESH KkUiTti Oranges, new. 11.16 0i.26; bananaa, 6o per lb; crated, tHc; lemons, 1201.60 box; grapefruit, 12.600 8.60; pineapplea, 4 dosen; pears, fancy, II. 5001.76; tangerines, 11.26 a box. YOBTAJaUS Turnips, new, 50 O 10c. sack; carrots, 60c per sack; beets, C607kc per sack: parsnips. S&C0I1; cab gabe, 11.6001.60- tomatoes. Mexican, 12.60; bean a, 15o; cauliflower, Cal ifornia, 11.7501.00 per crate; peas, 14c; horaeradisa. 7H0c lb; artl ohokes, 76C0I1.OO dozen; sreen onions, 40o dosen; peppers, bell, 25c; Chllo. 16o lb; nothousa lettuce, 11.26 01.60 box; head let tuoe, t56 dosen; cucumbers. hothouse, 12.60 dosen; radishes. 25o dos. bunches; eggplant. 20o lb.; celery, I4.BO04.76; crate; cranberries, eastsrn, ID01O.6O; sprouts, IH0Oc lb; acparagua, 25 030c lb; spinach. DOcOll.QO box. Orooexles. xrats. Zta. SUGAR California and Hawaiian Cube, 4; powdered, I6.H&; berry, 16.16; dry granulated. 5-46; XXX gran ulated, 16.40; cont A.. 16.66: extra B.. 15.16; golden U., 16.0a; O. yellow, I4.H6; beet granulated, I6.4B; bar rels, 15c; half barrels. 10c; boxes, 6.6c advance on sack oasl (Above prices ars 10 days nst cash quotationa.) HONiQr 12.10 per crate. COPySSPaokage urands, I1I.IIO II 41. -SALT Cosrse Hslf ground. 100s. III. tti per ton; 80s. 114.00; table, dairy 50a lly.00: 100s. 118.76; bales. 11.60; Imported Liverpool. 60a lao.liu: iVOa 111.00: 4s, 11.00, extra tine varrela, la Sm ana lus, 14.6006.60; Liverpool lumf tock, 120.60 per 'to; 60-lb rock, 111.59; iOws. 111.00. (Above prices apply to sales of less than car lots. Car lota at special prlcea aubject to f lur.tuatlona) KICK Imperial Japan. No. 1, 4q; Na I. 4H06Sci New Orleana, head, 7c; AJax, 6c; Creole. 6c BsIaNS 6mall white, 14.26; large white. 14.10; olnk, 14.10: bayou. It.0; umaa, .60! Mexican ras. smo. NUTS Peanuta, Jumbo. c per lb: ed. c Vlralnla. 4c bar lb: roasted. o per lb; Japanese, 4H 01 He; roaated. 8 Ho per in; wainuia, tjattroruia, iso per iu; pine natt, 16o per lb; hickory nuta, 1UD pwr IOi uiaaii uu, jvu jr iv, Gil berts lBo per lb; fancy pecans. lt0!o per lb: almonds, llo. Msata. Itsk aad Provisions. DRtSSED MEATS Front strset Hogs, fancy, 7H0fo lb; ordinary, 7c; targe, Hy o lb; veal, extra, Viuloc; per Ibr-ordinary, c per Id; heavy, , tu 8c per lb; mutton, fancy, 11c per lb.; spring l'-it , 13 15c. HAMS, BACON, KTC Portlcn.l psck (local; hama, 10 to 12 lbs.. Izhc per ib; 14 tx II Iba, 12o per lb; in to 0 lbs.. 12c; breakfast bacon, 15H0Z2HO per lb; picUcs, so per lb; cotuibo roil. 1'jo far lo; tegular short clears smoked, lo per lb; unsmoked. luo per Ib; clear backa, unsmoked, 10o: smoked, 11c; Union butta. 10 to lio lb; unsmoked, 12c per lb; smoked, lie per ;b; clear bellies, unomoked, 12 Ho per lb; smoked, 18Ho per lb; shoulders. 10c; per lb; pickled tongues, 70o oacn. LOCAL LAR1 Kettle leaf. 10s, 12 Ho per ib; 6s, 12Ho per lb- fco-lb. Una, ud per lb; steam reudered. 10s, 11 Ho per Ib; 6a. II q per lb; cuaipouna. lus, Wo per lb. F1BH Hock cod, 12Ho lb; flounders, Ic per lb; halibut, 6 6c per lb; striped baas, 160 per lo; catfish, 11c ie: lb. ! mon. chlnoon, 12o lb; steeliiead. llo rer lb; froxen, Ic; herrings, e lb: soles, lo lb: shrlmna. ioe u.r lb: perch, 6o par Ib; tomcod, llo per ID; A lODSiers, iocs par id.: iresn macaereJ, no per lb: era flan. 26o per dozen; stur- feon, 12 Ho per ib; black base. 20o par b; silver smelt, 07o,per lb; Columbia smelt, 3c: black cod. 7 Ho lb; crabs. 11.0001.60 dosen; shad. 10c. OYSTERS tilioal water osy, per gal lon. 12.60; per 100-ib sack, J6 00; Olym pla, per gallon. 13.40; per 100-lb aack. M.OO04.&O; Eagle, canned. 0o' can; 17 dosen; eastern in shell, 11.76 por hun dred. CLAMS Hardshell, per box, 12.40; rasor clams. 11.00 per box; lOo per dos. Palats. Coal OH. Eta. Onsr T1. 14.. mtnwAnwA 11 He; sisal. 8o; L B. slsaL Hc. Coal Oils watsr wnue . .ii o Pearl Oil .... Head Light ..12Ho Eocene ........ .... fin.ctal W. W..14UQ 1IHO UHo 21 Ho 21Ho e e e 1IHC lino Elaine Extra Star ... .... Qaaoline V. Mt and P. Naptha ...llHo UHo nl wVru WsmiWlU'f I..1B7SU liA-At lAsinlln. t :m : . . . . 1 It a HO por ceni uaiounf ..ov c 11 BJ X JBIISIIISJ a-all.allgal.A V W a I V aUAi1 w UV,i isaveieawt sv PSf S4bm. iron bbl- Ic Dr nl TURPEN: INK-In easea, 7o pr fal; wood bbla, 9H per sL 9 TVDt7 C"TN tW T Dsaw hkl as RM seasssasi U41vOkla' vim ae w v wwi vesipwar tics boiled, bbls 64a, caaaa COo a gal; lota of 260 gallons lo leas, l WHITE UCAI-Toa lots. 7 Hooper lb) 100-lb lots. Ic psr lb; leas lots, IHe. JrYiRffi KAXL3--f reseat basis at Ull t 'c , jm I J m - - aPSaiaWa SP U aSll. II BJ la ' ST . aWSnfl I J I I -uwr , fM c ait .i 'i r- . " Stampoded. CROP CONDITIONS ARE THE Crop conditions throughout the state of Oregon are of the beat Grain crops are ahowlng better growth than for many yeara. Fall wheat made consid erable progress during the past 10 days. The hoady showers added to the wealth of the crops to bo harvested this sum mer. The acreage of wheat throughout the Pacific northwest Is the grestest over sown, in the fall, according to re porta received by The Journal recently. Spring aowing Is now In progress In almost every aectlon of the north coast und present evidence is that the sown area will be much larger than last sea son. Weather conditions have been Ideal for spring work and thla alone will account foV an lncreaaed production. Potato Aoreegw to Be Heavy. Notwithstanding the low levels Into which the potato market dropped the past seaaon, there will be quite a beavy increase In the acreage this year. The greateat lncreaae will be In eastern Ore gon the ground formerly used In sum mer fallow being given over Into po tatoea. Soil that waa not used to grow any crop every other year will now be transformed into a huge potato field. This is one of the easiest crops to be ralaed in that section and experts say that lis growth will aid the soil more than summer fallow. The growing of such large areas of potatoea in the in terior Is expected to bring about a lower range of values than usual. It will also put this state in the front rank of po tato producers and the markets, of the middle west snd southwest will in all probability be captured because of th low values producers will be able to sell at and yet make a auitable profit. Prult Trees in Good Shape. Jn many sectlona the fruit trees sre in blossom and while it Is yet too early to make a definite prediction, the Indi cations from past experiences are that the Pacific northwest will have a record-breaking crop the coming seaaon. There Is always the chance for a heavy frost during March and this may dim the prospects to some extent Hops Being- Plowed Up. Many acrea of hops are belpg plowed up In the Willamette vajley. but the op erations aro not of such an extensive scale as could be wished, considering the preaent state and future prospects of the market. Most of the growers are waiting until April before deciding what to do. If the market makes sven a fractional advance some of them will be encouraged thereby and grow another crop. Those who have time contracts to fill are believed to be ready to do this In a Short time because they can not afford to have the hops plowed up. Most of them sold at too low a value to admit of paying a profitable growing price. Wheat Crops of the World. The following report of the growing wheat crops is taken from Broomhall's Corn Trade News of Liverpool. The report for the United Kingdom follows: "There have been further rains, which, although seasonable In one sense, yet were not very welcome to farmer, who were busy with seeding, and It Is now said that already a large aorenge has been sown with spring grain, Includ ing more spring wheat than is usually put In. Native wheat has continued to rule weak, all latest markets reporting declines of Is to 2s per quarter, supplies being moderate' generally. Argentina. Although shipments were again very large last week, yet there was some de- $200,000 A TON IS RECENT GOLD STRIKE (t'nltrd Pre tiied Wire.) Tonopan, Nev., March 14. Inhabitants of this city and vicinity are excited over .another rich gold strike that has been maae hero, this time In the Round Mountain camp. Reports from there to dav say that it is the biggest of the kind ever struck in this district. Eight Inches of ore, practically pure gold, was struck at a depth of 100 feet. It Is es timated that It will run 1200,000 to the ton. DAIRY BUSINESS IS GETTING ATTRACTIVE (Speelal Dispatch to Tbe Journal.) Brownsville, Or., March 14. Farmers In this vicinity are going Into the dairy business. Many new separators are be ing set up, old ones are thrown away and larger ones bought This haa been regarded as one of the best dairy cen ters In Oregon: tons of butter are shipped from this locality every week. Outside creameries have heretofore han dled most of the cream, but the Farm ers' creamery haa entered the field and is now gathering most of the product. In fuct a well-known creamery man re cently said It was a matter of only a short time until the Farmers' creamery would run out the other concerns. They havo gained territory very fast during the last few weeks. . Busy on. tbe Farm. Brownsvtiis, or., Marcn if. inis vi cinity Is experiencing some fine weather at tne present, considerable farming Is being done. Spring sowing Is in full sway. Flowers are blooming and tbe hand. With spring cornea new Ufa to this city and vicinity. 8everal families 01 oaaterners are - jn me cny iwaini for locations. . Houses cannot be haa tar anv fcrice.- Many new buildings will be put up during tha coming spring and tMmnr.Uii,-;-,t;. m ,v 'AW OF OREGON BEST ON RECORD ereaae, compared with the enormous to tal of the preceding seven days. Ship pers say that the extreme ruah of tho movement Is over, for the svsllable ton nage Is not enough to load In tha near future such big quantltlea as havs been dlsoatched In recent weeka. Further rains have fallen, doing much good in the camps. India. Ronnrta of the crons are favorable, but' prices are still too high to permit of business with this side, and there is even mention of Imports of Persian wheat at Bombay. Bnssla. Snow followed by mild weather has been reported from the aouthwest and kepea for the cropa have revived but It is eaav to see that ths center of Inter est la now shifting to the coming spring seedings. For the rest of the empire there is no .particular change to note, we aet complainta from various parts, hut thev are not very serious snd, on th mrhnlp tha rron outlook is not con sidered unsatisfactory. Of course. It must be remembered that the Interior districta grow very little winter wheat . t. i - .1 1 .. v..a,.u. . nntahln P 11 - I umim ,r, - r " 'i ' - r tion) and in spite of the more hopeful tone in recent southwestern reports, we cannot think but thst the winter crop there will turn out short. Bjonmanls. The weather Is fins ahd mild, quits favorable for the crops. Supplies of wheat are quite smaU and business is very dull. Austria-Hungary. An official bulletin dated February 15 mcntlona changeable, unaeasonahle weather and a weak plant, but since then there have heen good rails or snow. The Budapest market hss recently shown a firmer tendency for near po sitions, but new crop delivery haa been weak. France. it l flrlv certain that the frosts pan.eH nm damaee to crops, but it ... nnt i.rinin and arenerallv the out look for the standing winter cropa Is quite favorable. Although Paris has been firmer, country msrkets have gen erally continued easy wtth liberal sup plies; however, there are indications that growers are now Inclined to hoi 1 back offers and work for a reaction, so some Deoole are looking for firmer prices in the near future. Italy. The aspect of the standing crops gives satiKfactfon, but there have been some complaints of drouthy weather in the south. Native wheat continues In good supply. Spain. The crops have benefited by recent weather, which was more wlntery, and checked the growth which was getting so forward that it causea a mue ni iety. Germany. Mild weather prevails. Some reports say thst the crop situation is favorable ana in any case inrre uro n uuiuianur,. The recent weakness has been accentu hv inrs-er offerings of native grain, which increase is quite, normal, for f 'rowers usually aim to sell rather free y before they get busy with Spring sow ing and other field work. An Improve ment is looked for when these native offors decrease. There are continued complaints of the poor consumption of flour, wnicn naiurauy incona utuiorg purchases. EXTRA BUTTER IS DOWN A HALF CENT Receipts Heavy One Day and Light the Next Eggs Aro Holding Quite Firm. , (Hearst News by Longest Leaaed Wire.) Ban Francisco, March 14 The re ceipts of butter on Friday were very large and today less than one half aa much arrived. The last two days' re ceipts of cheese were heavy, but there has been a good shipping demand. The receipts of eggs were somewhat larger today. There was no change In eggs and the market was firm. On 'change 20 cases of thirds sold at" 1S0 per dozen and 15o was bid for extras. But ter fell off V4c per pound for extras. the closing being firm. On 'change 20 cases .or extras soia at zy,Q per pound and 40 sold at 24c. Fancy Ypung Am erican cheese was advanced Ho per pound. Eight carloads of oranges arrived out mere was no lowering oi prices. On the basis of the recently advanced F. O. B. south prices the local market is likely to further advances. In the coming week Mediterranean, sweets, and fit. Michaels will be added to the list Tangerines were scarce. Lemons were slow and weak. Four drawers of straw, berries - were received from Palo Alto in poor condition. They sold at 60 cents per drawer. Strawberries are expected from Los Angeles on Monday. The receipts of asparagus were ths largest of the season, being 434 boxes and prices declined. Bay rhubarb was mostly sold by the bp with receipts of some 250 boxes. Oreen chile 'peppers brought fancy prices,-only one sack be ing received. Choice green peas sold up to 16c per pound. -. There was prac-1 tically no change In old potatoes or onions. New potatoes will soon become quite plentiful. - : , Australian Wheat Shipments. Chicago, March- Il.ustrella ship ments, 111.000 bushels last week, III,- OflB Buauel 1908 W TOP 1 90rSRECORD Present Conditions Seem Ripe for Higher Range in Stocks in Future. STOCK MARKET' GAINS. Amalgamated . .! Canadian .... Urle L. A N Missouri Pac. . Pennsylvania Rsadlna Sugar Colo. Fuel . . Brooklyn , . People's Qss U. S. Steel. do pfd.. . . Atchison .. ft .2 . H .i . .1 Southern Pac. St Paul Northern Pac. . Qt. North, pfd. Locomotive . . . B. 0 1 H Smelter N. T. Central... I Si .i tnecanaa f . . , By Thomss C. Shotwell. (Httnt New by Umcaet Imm4 Wife.) New York. March 14. After an excit ing session, stocks closed with material net rains today. The last figures were only slightly under the best of the day and the abort Interest continued cover ing up to the end. If signs are worth anything a wild opening Fa In store for Monday morning, in tne last rew months Washington hss chloroformed the market nearly every Monday morn ing, but the black bottle has been put upon tbe top shelf as a result of suc cessful negotiations' lust completed. A new era hss been inaugurated1 aad 90,- 000.000 American cltlxens have laid their quarrels aside, Take Profits Barly. Under the circumstances It Is, of course ImDoaslble for any person, how ever well Informed, to say exactly what tbe stock market will ao, nut it win dq a wonder if somebody doea not tHke profits early In the week. A reaction Is overdue snd the market would go further ultimately if It could rest a fw. daya now. While the ultimate effect of the new legislation will be tremendous ly bullish, it must be remembered that the general public has not begun to re alize lta importance and will not do ao for several weeks. The new legislation at Washington so fsr as described by those having it In charge provides for pooling among' railroads and makes comblnstion In restraint of trade illegal only when harmful. All trusts sre Illegal under the present lawa, the very existence of the steel trust for In stance, being a crime under the federal statute Impartial enforcement of present laws would mean that every one of the truats would have to be dlaband ed exactly aa the Northern Securities wss forced to liquidate. It Is realised that such a thing woulud b revolution ary and harmful. Modern bualness con ditions demand the truats because things have to be done on such a broad seal j these days that Individual busi ness men cannot command the requisite capital. There la no Intention, those In charge of the movement aay, to make an exemption in favor of labor unions, as thoae organizations would be covered by the same law that makes the trusts legal becauae the unions are combina tions with a good purposs in view. Wall Street Bellows. The loud noise made In Wall street recently about favors' To the labor unions. Is, therefor, uncalled for. Thla legislation Is expected incidentally to make unnecessary prosecution of trusts and It is quite possible that even, the famous Standard Oil-Alton case may be settled out of court by the government In the interest of prosperity. The trusts are whipped and Washington is ssld to have no desire to push them over the brink. Conditions are exactly the re verse of what they were a year ago and with prices still under the normal trade is such a wide swing possible that it would surprise nobody who knows what the new legislation means If stocks were to go in 1508 to the highest prices ever recorded In the history of the country. The situation Is pregnant with high records. There are conservative men .who Insist thst the lew legislation de serves to rank witb the declaration of independence and the emancipation proclamation in far-reaching import ance. A new bull party has been formed In cotton with the intention of squeeslng the shorts who have been selling rather too heavily in the last few days. Range of prices: DESCRIPTION. Am. Copper Sugar Cola Fuel & Iron Brooklyn People's Ons . U. S. Steel, c. do preferred Atchison B. & O C. Pacific ftrie Louisville & N. M. Pacific Pennsylvania . . . Reading Rock Island So. Pacific St. Paul Union Pacific... Am. Smelter N. Y. Central Nor. Pacific Anaconda Ot Northern.... C. & O Soo, com So. Railway Wabash, pfd. . . . Cotton Oil Central Leather.. Federal Smelter.. Norfolk Ont. & Western. . Am. Woolens . . . R. I., pfd Am. Loco. ...... Smelter, nfd Derver & R. O. Total sales, 642, S00 shores. Money, one loan at 2 per cent PRICE OF COPPER SHARES IX BOSTON (Furnished by Overbeck & Cooke Co-.) Boston, Marcn i. Adventure l u N'lii nom. . Allouex Atlanta 27B'Os'-eola .nt I01...,ir,rt ju y$ njjQit,,".. .... Cod. Range. 63 y uincy . . i . . . . 1 amarack L'tah Winona Rutte Coala... Cal. A Hecla.635 Daly West Dom. Cop. C. Ely Qreene . . Oold Hill. Michigan . No. Butte. Mohawk . Nev. Cons. Qlroux . . . United Cop. . . . Trinity Parrot Nlpplsslng ... Wolverine ... IVlctorla MONEY AND EXCHANGE OF ENTIRE WORLD London. March 14. Consols, 87; sil ver, 25 d; bank rate, I per cent. New Tork, March 14. Sterling ex change, long.. 4.84; snort, i.st; surer bullion. 66 c. San Francisco, Msrch 14 Sterling exchange. 60 days, 4.83: sterling ex change, sight 4.85: sterling exchange, documentary, 4.81: transfers, tele graphic, 9 premium; sight, par. Jacoma Vheat Market" . fr..- "Waafc .UTarnti . 11 WhMt export; Club. Ucibius stem, tic; red. O X V 0 D 9 7 ? I I : 1 !l, USi 6. Ti 6V 7J 119H 120 119 11 19 20 19 20 44V4 45 Vi 44V4 44 8ft V4 89 88 hi 18 337 34 83 14 9U 98 H 9 91 72 74 V 72 74 82V4 83 Vi 82 82V4 145 146 145 145 14 15 14 14 97 98 98 35 37 36 87 118 118 117 118V4, 1041106 104106Vi 14 14 13 14 74 75 74 74 118 1119 118 118 1241126 124 12674 68 I 69 68 68 101 ifid Ik !128il28il27MfK ! 3G I 37 36 S7 123 121 29 29 29 29 104-S 104 11 11 11 11 16 16 27 27 18 18 70 70 63 4 33 88 18 18 25 24 3S 88 93! 931 BS 83 H 1 1 19 I 8 2 8' B 10 R4Vi 61 11 8ni icy weather puijimm Green Bijgs Reported Again in Oklahoma Western Markets Highest. . CHICAOO WHEAT MARKET. Open. ..16 Close. IH 12 Mar 13. 16 19 (Iain. 1' 2 V May July (Uoltad Press Laaaed Wlra.) Chicago, March 14- There waa un certainty in the minds of the local wheat traders for a fsw seconds at thu start as to what was due to the news by cable and domestic telegrama at hand before the opening. May wheat, which closed yeeterday at 16c, waa of fered In different parts of the pit at the aame moment at from llfeo down to 14 He, but there were large buying or ders that could not all be filled until the price was up to lie That waa ac complished in a very few minutes. It looked ms If there might be some post- Fonement of tbe spring work on thrs arms, should the II below sero temper ature at Winnipeg extend farther south. There were some reports of green bugs In the Oklahoma wheat fields, and do mestic receipts still were enough to create fear of Increasing scarcity and a larger demand for the grain In the vis ible supply. Liverpool waa from & to Vd higher for futures; Antwerp was unchanged for Argentine, and higher for American red winter. Strenrth of tha market increased as the session progressed, and aa the cloee approached the scramble for the offer- Inn became lntenae. May wneat eoia aa high as 98 Sc. and that waa practi cally lta value at ths end of the aeaslon. Outside marKets wero snowing equal atrength, and in all western centers relatively higher prices were ruling than at Chicago. Active trade In corn and a strong tone to the trading waa a feature of the early business done In that commodity. Liverpool waa quoted higher for futures. There wss a good demand for offerlnga In the sampls market, with sales at from Si to lc over Friday's prices. Business In the osts pit was larger In volume and trading active on an advancing market Sample markets of ferings were well taken, and prices real ised were Vic better than could be ob tained yesterday. While the amount of bualness done was not large In the hog products, the tone was strong and prices had a aharp advance. Cash sales: Wheat Winter, No. I red. II Si 9lic; No 3 red. 94Sfr98ic; No. 2 hard, o 4f $1.05; No. 3 hard. I4Hc103; No. 3 gpring. 98V4c$1.09. Corn No. 3, sIHiJSIIc; No. I yellow, 4ff65c; No. 4. 6S"Ac. Oats No. 3 white, t)2dB4c; white. 60063c; standard, 64V4o Range of prices: WHEAT. No. 4 Open. High. .89 92V4 Low. Close. 94H V4 81 I2V4 Kg 61 IIH 44 46 1210 1210 1247 12C7 May July May July May July CORN. 5V4 .62V4 6V4 t2 OATS. . ..53 63 ..45 45 MESS PORK. ..1210 1216 ..1247 1272 May July WEEKLY STATEMENT OF NEW YORK BANKS New Tork. March 14 Bank state ment: Members' dally average cash reserve, 27.11 per cent Increase. $ 621.100 .... 774,800 ..... 1,620,700 ..... 792,800 253,600 1,871,200 758.100 reserve, 27.82 Increase. 11,067,700 67,950 ..... 266.700 . ... 669,800 ..... 1.564,500 4,686,400 618,800 $1,258,400 401.000 ..... 211,600 Reserve . , do, less U. S. Loans -Specie gals Deposits . Clrculstlon Members' per cent. actual cash Reserve do, less V. B. Loans Specie Legale Deposits Circulation) . . . . Nonmembers: Loans Bpeoie Legals si X"q c rcifl ii o. Total deposits elemlnatlng other banks and trust companlea. Increase 18,477,100; aggregate reserve on deposit decreased 11,320.700; per centage of legal reserve 26.60 per cent. SPOKANE MIXING EXCHANGE. Bid and Ask Frlces Current on the Shares of Coenr d'Alene District. (Furnished by Downtng-Hopklns Co., M.m)r Rnolrana Minlner Exchange.) SDokane. Wash.. March 14. Official prices: . Bid. Asked. . 10 17 . 3 4 .5 . 16 30 . 4 . 4 7 .4 6 . 19 19 . 66 72 .3 4 . 2 2 . 1 2 . 1 2 . 20 SO . S 4 .80 .325 400 . 4 . i 5 . 6 8 . 1 1 . 6 f . 75 81 . 14 20 .6 8 2 , ,3 4 .3 3 , 1 2 , 1 2 6l7 7 4 4 1 2 26 27 2 2 12 21 2 3 1" 11 160 170 1 1 A lax Alame'da Alhambra Alberta Coal & Coke American Commander Bell r-r Bullion 4 Charles Dickens . . Can. Cons. Smelter Copper King Dominion Copper Evolution lTrhn Oalbralih Coal 20 Gertie Oranby Smelter Hecla Happy Day Humming Bird Hypotheek'. ... ... Idaho Olant International C. & C Kendall Missoula Copper . . . Mineral Farm Moonlight . . , Nabob . . Nine-Mile O. K. Cons Oom Paul Panhandle Smelter . Park Copper Rambler-C&rlboo . . . Reindeer Rex (16 to 1) Sonora Snowahoe . , Snowstorm Rtilllvan ' flnlltvan Ttonris 67V4 Stewart J2J Tamarack & Ches. 90 120 Wonder .... Today's sales: 1,000 North Franklin at 6c; 2,000 Panhandle at 4c; 1,000 Panhandle at 4c. Uetallae and Idaho Stocks. See us for Information . en Coeur d'Alene and other active stocks. Orders executed promptly. The L. T. - Keady Investment Co.. s7-js t; n amber of Commerce. Phone Main 1268. A-2651. Liverpool Wheat Market, r'rr T.tvarnool. March 14. May wheat cloeed at 6s lid. a net gain of d from yesterday. t Chicago Cash Barleys v Chicago." Marcfc Xi. Cash barley t T HOG IS HEED OF More Must Be Raised to 3Iake This a Successful Packing Center. , " " PORTLAND LIVESTOCK RUN. J Hogs. Cattle. Sheep.' rssi wees J77 eso tie 1907 271 Ill 100' '.906 480 19U5 602 214 106 By Hymsn H. Cohen. . ' . Portland Union Stockyards, Msrch II. ' The Pacific northwest Is suffering t from a lack of hog supplies and It Is high time for the producers to get In and' ' increase their holdlnga Hog are about me oniy tning ims territory neeaa te complete Portland as an ideal nacklns - center and thla one thing will be esslly', remedied ror hogs are money makers to the growers sven when prices ars not so hlnh ss at present. says big "Bill" Daughtrey. president of tee yards. we must have more bogs In this section before it will amount to much In a pecking way. My Idea la that It Is not the big landholders who raiae hogs It's the man who haa a few acres and his hogs are his most profit able crop. In the middle west where the isrms are rather small in compari son with ours every one ralsea hogs and every one has made money on theos in recent years. Boa of Week Zs Disappointing. The run of hogs In the local yards , during the entire week was very d!sp- pointing to Killers and prices were firmer than usual. It is getting to the tim of ths year when hogs usually a- vance In price and holders seem to ba , holding back for this reason. The total run during the week reached but 171. compared with 271 a year ago. 480 two years ago and 603 three years ago ror ' thla same prrlod. ' Sheep -narket was very firm during the six days with the run fractionally better, but still very small. In all. 916 head came In. compared with BOO . a year ago, none two years ago and 154 neaa tnree years ago. Cattle Boa of Poor Quality. There Is little doubt In the minds of the livestock trade that a better qual ity of cuttle than now arriving would command a sharp premium In value over the ruling quotations of today. Even as it stands the market is firm for poor . quality and top values were generally secured during the week. According to buyers but little finished stuff Is expectod In tho market in the near fu7 ture because cattlemen are too busy. Some fine stuff msy possibly come from Montsna points during that period but local finished stock will not arrive un til the grass is in shape. A year ago for the past week there was an advance of 25c each in hogs and cattle because of the great firmness ot these lines. Sheep were firm at ua-. changed values. ) Official yard values: ? Hogs Best stuff. 15.60 5 60; stock-' ers and China fats, ( ); block, 11.00 V 6.25. Cattle Best eastern Oregon steers, 4.364.60; medium. 4.00f4.26; best cows .and heifers, ll.60O3.7S; medium cows, 13.003.35; bulls. 12. 35-83.00. Sheep Best wethers, 15.76(01.00: lambs. 16.26816.50; ewes, $5.00ol.6Q; , mixed, 15.00(3 5.60. ' NEED NOT DIP SHEEP. - Board of Commissioners Says It Is Unnecessary for Coming Year. Pendleton, Dr., March 14. At a meet-' lng, of the board of sheep commission ers yesterday a proclamation waa la sued declaring that the annual dipping for the spring of 1908 Is unnecessary and need not be observed. It la urged, however, that so far as possible sheep be dipped as a preventive of possible scab infection and for ticks. According to the reports made by State Sheep Inspector Lytle and Dr. . 8. W. Mcciure, head of the bureau of animal Industry In the northwest, tha . state la practically fre from scab. A ' few cases are reported In the Willam ette valley, but these are being attend ed to. In Umatilla .county, where two. years ago there -were 60,000 head of scabby sheep, there Is not a single case . today. HOGS ARE IS GOOD SHAPE. v 1 1 Market Steady to Strong in the East Other Lines Are Steady. Chicago, March 14. Hogs, 17,000: cat tle, 300; sheep. 3.000. Hogs are steady and strong. Left over yesterday, 4,700, Mixed. 4.404.72; heavy. 4.664.7I: rough and heavy. I4.404J4.60; light 4.404.65. t' Cattle Steady. Sheep Steady. Kansas City, March 14. Hogs, 8,000: cattle. 300; sheep, none. Omaba, March 14 Hogs. 11.700; cat , tie, 100; sheep. 1,600. Cargoes Lower Again. London, March 14. Cargoes quiet but steadv. California prompt ship ment 3d lower at 36s 3d. Walla Walla prompt shipment 3d lower at lis. English country markets quiet ANCIENT RINGS. Sacred Beetle Figured Prominently Busts of Isis or the Pharaohs. From tha Quiver. ' -Among the rings found In ancient Egyptian tombs are many which eru dite archaeologists ascribe to a period. .! slightly anterior to the Deluge. , This, however, is debatable ground the deceptive morass of conjeoture : rather than the solid earth of fact. ; But we feel the latter beneath our feet : when viewing the massive gold Egypti an signet rings with revolving cylln- . drlcal bezels or indigo colored porcelain or the deep blue porcelain rings bearing a bust of Isls or of one of the Phar aohs in fuU relief. The former repra sent the primitive' seals In use when the Israelites were bondmen and before the pyramids were built; ths latter wars the common adornments of the proto types of tha-modern fellaheen whun Solomon waa la his glory. In neither case la the workmanship meritorious, the "'prentice hand" being plainly visible; skill In design and exe cution was acquired later, and among the Etruscans attained a degree of ex cellence never sine equalled.,,' Such of their work as remains is a silent yet eloquent testimony to their marvellous skill, but the secret that enabled then tos manipulate gold "fine drawn as hair" ; Is one of the lost arts of the ancients. ' In the Etruscan as la the Egyptian rings the device f the soarabaaus or sacred beetle figures prominently, for to both these remarkable races this curi ous Insect was an bJeot of profound veneration and as sacred snd symbol i in their eyes aa tbe cross Is to ti.e Christian.;-, y:. -;-': . ;: - "Adeartn Of eandidates for members of tha state legislature is report., ! la Texas. The voters have decline j i rals tha pay of the leglalators H with the free passes ut off the i r does not promise very much financial,, especially to those members living t great distance from tbe eapii; who may have to take frf-out f home to lock after ttmlr ! sta PORTLAND