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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (March 6, 1912)
THE OREGON DAILY JOURNAL, I GOTLAND, i-J V . . J. i . V-I , X . i 1 A . - ilELMISBEIilG PAID FOR POTATOES IN THE LOCAL SECTIONS Extra Choice Finds a Demand at $I.S5 F. O. D. Willamette Valley Points; Southwestern ..Buyers Say the Price Is Too High. Potato Along ths Coast Portland, cental.. I 1-50 Seattle, ton .......... Tacoma, ton ......... San Francisco, cental; Los Angeles, cental... 34.00 30.00 2.40 Oregon stock. The potato market is showing a fur ther advance in the price at country points, although It is stated that the southwestern markets refuse to follow the advance. , Kor. extra choice stock a number of carloads were purchosed in the Willam ette valley t $1.35 per cental f. o. b. stations. This Is ,a nickel above any- aMi-heretoXoraffered for this quality, r.. -a.. i. tn the ne. The advance Is due entirely to tne spec ulation by dealers. Some of them are of the opinion that a sharp advance will bi forced after the first of the month and they are backing their judgment, in b. limited war. by taking hold of sup plies. - Others who ara offering the advance "are doing so because they already have . liberal supplies and by paying a frac tion mora for a load or two, are thereby able to give the market an artificial stimulant. All interests now agree that as soon as the weather permits, shipments will start from Minnesota and Wisconsin, thereby throwing additional competition Into the Arixona and Texas trade. Few new orders are coming from there; pres ent purchases for that account being for lots sold by dealers some weeks ago. The boosting by Japanese speculators In California Is causing some local hold ers to stay out of the market. News rent out from Stockton; Cal.; is general ly inspired by speculators there. One advice Just made public says that pota toes are selling there at 32.50 per bug on the river bank. This is misleading because the same potatoes are being sold In San Francisco at 11.75 per cental, and tock..is never purchased there byhe bug. The average bug of potatoes In the river district weighs close to 120 pounds. No business Is reported at Willamette valley points for extra fancy potatoes. Offers for these range around $1.60 per cental, but growers ara asking, more money. . "j . CHICKEN TRADE STEADY While accumulations are still show ing in the chicken trade along the Ktreet. the market is again steady. Sales 'of fancy hens continue. at 16c a pound, with ordinary at 15c, Best springs go at the latter figure whila heavy stuff sometimes sells a fraction under this. No broilers or fryers are coming for ward. Quotations in that line nominal. LOCAL CABBAGE VERY SCARCE There Is a very great scarcity of local , cabbage offerings. Only a nom inal amount was available along the street todav, and this was generally be ing held for slightly t higher prices. Leading shippers are 'entirely sold out. BREAK IV ASPARAGUS Still another sharp break is showing In asparagus prices along Front street. Greatly increased 'shipments are show ing from the south. "Fresh stock can. be landed here by express to sell at 8c a pound. Borne of the Stock offering cost the dealers from 11 to llc. MILK PRICES ARE MIXED . Pome of the leading canners of milk are said to be offering supplies at their . factories at sharply reduced values. Few plants are operating except for milk skimming. The plant at Coos Bay Is said to be the only one in the state that Is canning milk at this time. It reports an increase-In business. WOOL SITUATION IS QUIET While: dealers are-taking hold of the small amount of wool offering at prices that are practically the same as re cently offesed, they are not making inucn noise in their transactions, owlna to the fear of scaring growers into holding. . Values remain from T4 to 18o a pound, according to shrink. CAR OF RHUBARB ROLLING The first carload of rhubarb from the south Is now- rolling In this direction. The shipment cost 40o per bog more - than the first car that arrived last year, but the supplies came forward at a later date. FUX IN BANANA TRADE Considerable fun is showing In the banana trade over the efforts of omi dealers who sre heavllv supplied with frozen stock to unload the shipment under guise of a price war. No change is shown In the price of good fruit, but frozen bananas are selling for 25c & bunch up and buyers say they are not worth tha money. - FORECAST FOR SHIPPERS Weather bureau sends out the fol lowing notice to shippers: , Protect shipments as far north as Se attle against minimum temperatures of shout 40 degrees: northeast to Spokane, SO degrees; southeast to Boise, 28 de grees; south to Siskiyou, 30 decrees. Minimum temperature at Portland to- Tiigni, aooui 4 oegrees. PORTLAND JOBBING TRICES. ' Grain, Tlonr and Hay. These prices are .hose at avblch whole salers sell to retailers, except as other wise stated: WHEAT Nominal Producers' prices, nominal, track delivery,. 86tjt- 87e; blue stem. 89890c; fortyfold. . 87c: wii- lmptto valley. Sfiifft7p; rej Tj'i"1nn f',r- J.C.VILS0N&G0. MEMBERS rrvvr tors stock ezckakgb. SEW TOSX COTTOH EXCHATQE. ' CXICAOO BOAXD OF TBADE. VMM STOCK AFD BOND EXCHANGE, Mala Off Ice Mills Bid?., Ban Pranelnoo. Branch Offices Vancouver,- Seattle Portland, tos Angeles, Baa Elego, Corosatio Beach. P0STX.AHD OmCEi Boom S Lnmbermens Bank Tlnlldlag, r&oaec Marshall 4130. A.-4187. Stocks, Bonds, Cotton, Grain, Cto, -316-217 Board of Trade Building. DIRECT PRIVATE WIRES TAAI 1-CYrUAMr.rC , Msmbsrs Chicago Board of Trade Correspondents of -Logan Bryan, Chloago, Hew York. 0VERBECK&C00KEC0 LENTEN 5EAS0NBEST i TIME TO DATE LOCALLY ! i FOR PRICES OF MEATS Dressed If ogs, VcaT an J "Sheep A re 1 ScIliris.15etterTh3n JTor Some Weeks Fast; Prices Are Being Stretched in Some Instances. . I . . There is a very firm tone in the dressed meat market along Front street, and in some instances Quotations are bein stretched. Demand for both country killed hogs and veal is somewhat increased, and for that reason shipments are moving put quite well. r For extra fancy hogs of suitable weight as high as Sc a pound Is being received, but the bulk of the shipments do not bring this figure. . Top quality veals are firmer and prices are holding well at 13 He today, with some talk of a fractional increane over this for one or two lots. Market for dressed mutton is the firmest in months. The fact that this is Lent has cut no consideration what ever with the demand for meats. The market as a-Tule is in better shape than previous to the opening of the sea son. Tup lambs are selling well at 10c nnunri. unrt tne ci is even tne can is even uener Ins around 9c ror Dcst.oirerings. ERRY ACREAGE LARGEST IN WORLD Lake fcabish. Or., March . Already the largest loganberry growing center in the world, the 200 seres of bearing plants In Marion county will be In creased hv 2000 acres additional this rpring. Work has begun throughout the county setting out plants. , On Howell prairie a tract of 100 acres is being set to fruit and another 100 acre farm to be converted Into a loganberry patch is the Voget farm of Brooks. Plants wintered well owing to the mild whiter and sold readily for-825 a thousand but the demand was much greater than the supply. The raising of tips for planting has been found to be' quite nroTrtable. as the yield Is in" PC acre wnicn does not Interfere with the profit of the berries on the same vine. Afew contracts hava been made for 25 cents for the 1912 crop, but most of the grow, era re holding for 30 cents. Turkey red, 66 87c. - ....' ..". BARLE1 Producers" prices 1811-. Feed, 36.00; - rolled. . !3.00;, brewing, 83) 0040.00. -MILLSTUFFS- -Seltln price Bran, 323.00: mtddlinas. $29.60: shorts. $25.00; chop, $19.000 25.00. Car lots 60o per ton Jcfs. . ' , , OATS Producer price Trark No ,4, spot delivery, white, $32.50; gray, $31. KLtlUK ' wemna price minuis, $4.EO'fl4.TO. WTlllunwte. 14.50 per bbi.; local straight. $4.054.25: bakers' $4.30 4.50: export grades, $3.80. HAT Pmoucers' prices 1911 crop i Valley timothy, fancy, $14.60018; ordi nary, $1314; eastern Oregon $l.60iJJ 17; Idaho, $1617; mixed $1314; clo ver, $9(010; wheat, $1111. 50; cheat. $11 11.60; alfalfa, $12.50 13; oats, $11 j 11.60. Batter, Eggs and yonltrr. BUT! 5K Extra creamery, cr.bes and tubs. 3384c; prints. 3435c; ordi nary prints, 33c; dairy, 19c; eastern creamery, 33c. BUTTKK FAT Producers' price F. o. b. Portland, peils., 35c. POULTRY Fancy hens, 15016c lb.; springs, 14 16c; broilers and fry ers.' 2224c; geese, 10o; dressed. 12c; live young ducks. 16c: old ducks, 15c; turkevs. alive, nominal. 17c: .,drsred. 1820c; pigeons, old, , $1; young, $2.0) ejz.40. Rons Local, extras. 21022c: spot buying price, 19He f. o. b. Portland. CHEESK Nominal: rresn uregon fancy, full cream, triplets and daisies. ZKjpzze: young Americas, zzwiac. GAME Jackrabbita, $2 per doseo, Fruits and Vegetables. POTATOES Selling prices: Ordinary Oregon, $1.401.5u; good $1.261.85; buying price table stock, $1.20 4jf 1.60; sweets. i3.003.25. VEGETABLES Turnips. $1.00 1.25 sack; beets. $1.50; carrots. $1.25 1.50; cabbage, $1.25: Mexican tomatoes. $3.00 per lug; beans, 12c; green onions, 40c doz.; peppers, bell. 20c lb.; head let tuce, $3,00 , per crate; ..hothouse $1.0(). box; radishes.-! aedoxeft-bunchea; celery, $6.00 crate; egg plant, 30c lb.; peas. 17c; bers, hothouse, $1.40 do.; peas, l7e; cauliflower, local, $1.25 dozen; Califor nia. $2.25 per crate; asparagus, 10 "FRESH FRUITS Oranires $175S 8.00; tangerines, $1.50: bananns, 4e lb.; lomons $r$5.50; limes, $9 a case; grapefruit, $3.50)6.50; pineapples, 6c lb; cranberries, $9. APPT.FS $1.50(92.75. ONIONS -Yellow No. I. $2,.758.00; No. 2. $1.50; garlic. 78c . . ... Groceries. SUGAR Cube, $6.95; powdered. $6.65; fruit or berry, $6.65; beet. $6.45; . dry franulated, $6.66; D yellow, $6.26; Hono ulu plantation cine granulated, 5c less. (Above quotations arc 30 days net cash.) RICE Janan. No. 1. 60 6ttc: No 1, .c: New Xjrieans head. 5V4 4J6c: Cre ole, 6c. - SALTCosrse. half rrounds O0a$8.60 r ton: 60s. $9.00; table dairy. 60c, $13; 100s. $17, bales, $2.20: extra fine barrels. 2s, 5s arid 10s, $406.; lump rock, $20 59 rer ton. BEANS Small white.' $4.90; large white, $4 85; pink. $4.25; bayou, $4.78; Llmas. $T; reds, $5.80. HONEY New. 78 per case. " Paints. Coal OIL' Etc LINSEED OIL Raw, bbls., 77c gal; kettle boiled, bbl.. 79c: raw, in cases, 2c; boiled, in cases. 84c; gal lots of 250 gallons, lo less; oil cake meal, $44 par ton. Hops, Wool and KtJes. HOPS Producers' price 1911 crop, choice, 37c;. prime, 35c; medium, 84o; ji'ua growin, sue; iaiz contracts, itty UU, l)i- HU i H, I ( 10. . WOOl Hrod ilcers' tirice Nominal, 1912; Willamette valley," 18c; east ern Oregon, 14!SICc. - MOHAIR 1911. nominal. JOc lb. CH1TTIM BARK-rProducers' price Ill 1, lew carlots. 6H; carlou, t. o. h. Portland. TALLOW Prime, per lb.. 4c;. No. 8 snrt eTvse. 22MiC. HIDES Dry hides, 20c; green, 9 10c; salted mdes. 10 'V?! lie. bul.s. greei salt, 8c; kips, lie; calves, dry. 2 tic; calf skins, raited or rreen, 17c: preen hides, IMiIVjC less than salted; stieep pelts, salted, November, 30c;- December, 11; dry. 10t4e lb. Meats, Pish and Provlsloas. DRESSED MEATS Front street; Hops, fancy, 8 9c; ordinary, 8c; heavy, 7&7c; veals, 13VJcr .e-fdlnmry,. 13c; poor, 12c; sprina lambs, 9V4 510c; mut ton, 8c; goats, ilc; beef, 65i9c. HAMS. BACON. Etc. Hams. 14HC 15Mc: breakfast bacon, 12a 2 0c;"' boiled nam, szc; picnics, loe; cottaeeltHe; tiacks, 104er pickled tongues, 7ic lb. FISH Nominal Itocn cod, 10c ib-; flounders, 6c; halibut, 8 f 11c; striped bass. 20c; catfish. 12 12c; salmon, 12c lb.; soles.7c per lb.; ahrirrtps, 12c lh.; perch, 78c: tomcod, 8c; lobsters. 26c: herrings 66c: black baas, 20c; sturgeon, () per Ib.f silver smelt, 8c lb.: black cod, 7s; dressed shad, 7c; roe shad. 10c: shad roe. S0o lb.-; Colum bia smelt, 90ciSi$1.0tt per box. -- OYSTERS snoalwater bay, per gal lon): per 100 lb. sack ( ); Olym pia, per RaJlon, $3; per ,00 lb. sack. $9; canned eastern, 68 can., $8.60 dosen eastern in shell,- $1.752.O0 per 100; raxor clams, $202.25 box. LARD Kettle leaf, tierces. 12c lb.: atcamti WIIITK LKA1) Tnn Int. ik . LOGAN 600 lb. lots. 8c per lb.; less lots, 8V4o per )b. - " ROPE Manila, 8c; sisal, 7H. LIVESTOCK MARKET IS NOMINALLY HOLDING AT FORMER PRICES Run Is Small in All Lines and There Is a Good Demand In Hogs and Sheep; Cattle Trade Is Still a Little" Backward In the Tarda. la the Stockyards. North Portland Hogs cattle weak, sheep firm. firm. Kansas City Hogs 6c lower, cattle steady, sheep 20o higher. Chlcago--Hogs 5c lower, cat tle 10c lower, sheep firm. South Omaha Hoga So lower, cattle steady, sheep 10c to 20c ' higher. PORTLAND LIVESTOCK RUN. Hogs. Cattle." Calves. Sheep. Wed. ..... 180 1 1 24 Tues. .... 203 : 77 ;.. . 415 Mon. .....1127 1085 36 1038 i?at... ....... 67 ,' ;. .-.i 611 Frl. ...... 851 837 625 S4 43 Thurs. ... 171 Week- ago. 676 4 694 213 In general there was no change in tha livestock situation at North Portland. Th trade Is still congested for cattle and while; there was only a limited of fering for the day, killers have their Im mediate needs. Hogs showed no change in .the situation and tops continue at $6.75. The sheep situation was nominal with a fractional advance in the price. Only a few head of cattle came for ward, to the local market during tha day and prices were hot given a test. Some of the stuff that arrived from California a few days ago was again held over owing to the lack of suitable prices. - , " The situation In the cattle trade is one that calls for but one solution the im mediate cuting off of all supplies by counry interests. This would cause no inconvenience to local killers, in fact it would be welcomed by them. - All of them have about all the cattle they naVd, at present and do not know what to do with the surplus tliey are forced to buy, Must Clean Tfp Yards. Those most Interested in the local market are forced to go out of their way to clean up the trade With as little delay as possible. In a market like Portland, that is Just getting its real start, it would be detrimental to allow stock to be carried over for too long a period, !f shippers would consent to a reduction in values such as the situa tion, always Justifies..'. The situation in the local cattle trade again speaks clearly for the early es tablishment of a market here for feeder stuff. Every market of Importance in the countrv has a feeder trade that takes care of the surplus offers such as strike all yards at Intervals. Portland has only a handful of feeders in this territory -and few of - them- have facili ties for extensive operations. There was a weaker tone in the cattle trade at Chicago today and at the clos ing of the market there was a clear loss of 10c from yesterday. Offerings were rather liberal, a total of 17,000 head being available this morning. " Kansas City was steady for cattle with prices unchanged at yesterday's average. The market there had a run of 8000 for the day. At South Omaha cattle trade was quo ted steady with no apparent change. In the price range. Run today 4100 head. North Portland cattle prices: Heavy fancy steers' ........ $6.253 6.40 Choice st er 6.25 Select steers . . Common steers Feeder Bteers . . Speved heifers Ordinary heifers Ordinary cows Fancv cows ... 6.006.15 4.755.00 4.75 5.90(I.OO 6.60 6.00 6.25 5.005.60 . 8.65 7.76 4.75 5.00 4.26 4.00 6.00 Fancy nsrnt caives Medium light calves Fancy bulls Medium bulls Ordinary bulls Stags .... ...... Hogs Are Held Steady. Local Interests are paying exactly the same price for swine today as they have been. during the past two weeks. Sales of tops were made at $6.76 dur ing the morning, but there was only a limited amount of this quality on hand. .....Bun . of-hoga .fortb.9..day . at. North Portland was 180 head, compared wltn 678 last Wednesday. " The prloe dipped as low as $8.76 for heavy stuff, . At Chicago there was a loss of So In the price of hogs today. There was an offering of 35,000 head, compared With 40,000 head a year ago. Tops sold there this morning at $6.52, mixed loads bring ing a premium over heavy stuff of qual ity for the first time in many weekb. H'eevv tons Hold at 16.45. Kansas city was tic tower ror nosr todav with a. rnn of 11.000 head. A similar decline was forced at South Omaha this morning, when tops sold at $8.60. Run at the Missouri river mar ket was 21,800 head, or a much greater run than had been expected. Hog shippers today:- F. Smead, by toat.' 76 head: C. R. Belchee, Moro, X load hoes. cp. tUn and calves. Nominal North Portland swine prices: Fanf!v mixed ..1 8.75 Good heavy 6.65 Medium light 6.856.75 Rough and heavy 6.62 Sheen Market Very Good, The position of the mutton trade at North Portland is unusually good and prices are rapidly going to tnat posl tlnn nlmrii pmnnxtlna centers can safe ly ship here. The run today was only 24 head. These consisted or yearlings, which sold at 15.76. At Chicago there was "a strong tone in the sheep market today with a run of SK 000 head. Prices unchanged. Kansas Citv was very strong with an advance of 20c for all grades of mut ton. Offerings were 7000 head. South Omaha . sheep trade started hrlukiv with 7gnn nvalfaMa in tha nens. Prices quickly aavancea -iuo to juo. Top lambs sold at $6.75, yearlings $6.60, wether, ft Sft and owes 14.55. 1 The only shipper of sheep to the lo cal yards today was C H. Farmer, who had a mixed load of mutton and hogs In from McCoy. SheCp market at North Portland: Select lambs $8-051 Choice lambs 5.85 ( Common lambs ............ Yearling wethers Old wethers ; Fahrv ewea ......... .... . ' - 8.00 5.00 5.26 6.35 4.78 4.65 Ordinary : 4.00 4.10 Wednesday's Liveitock Sales. COWS. AT. rbl. Pries. 4 cows , 895 $5,60 , HEIFERS. 8 heifer .-... 786 $6.00 CALVES. 6 calves .. 866 , 6.00 HOGS. 40 hogs 208 $6.76 7 hogs , 130 6.75 55 hogs 194 6.75 1 hog 340 6.50 15 hogs ; 47p 6.76 SHEEP. -24 yearling wetlflpra. .'. , 92 :, $5.76 CHICAGO CATTLE LOWER Market Is Off 10 Cents for the Day Sheep Trade - Is Strong. Chicago. March 8 Run, hogs, 85,000 Cattle. 17.000: sheen. 25.000. 1 Hoes are slowxto 6c lower": left over. 7100. Receipts a year ago, 40,000, Mixed Sheep, strong. , Cattle, steady to 100, lower. Journal Want Ads bring results. BUTTER MAKE HERE IS INCREASING FASTER THAU PRESENT CALL Output Is Growing and Another De cline in Price Will Be Forced at an Early Date; Values Are Quito Close Together. ' The butter market is holding steady but prospects are bright for a further decline In the price before many days have passed. While most makers report they have no surplus on hand at this time, they acknowledge that the ou'tput is Increasing every day, and at the present rate they will soon have more butter then the demand justifies at present values. Extras are selling from 34e to 35c for prints. Some city makers are said to be selling their best stock midway between these figures, but 34c la the general value for tha lesser known out of town makes. Butter prices In the Pacific north west are higher than in California, and for i that reason additional ihlnmanti from there may soon be expected. 'As a ruie mere are iioerai shipments of but ter from the south at this time of the year but local maknra kv thv make every effort to keep the price down to a oasis whera Importations will oa unprouiaoie. . THE COAST San Francisco. Mnenti rr,-., Australian, $1.66 1.60: California club. $1.6601.60; do milling, 11.67H1.60: northern wheat, bluestem. $1.6501.70; club, $1.66(gl.a; turkey red, $1.67 lb; Kussian red, $1.62H1.57U. Barley Feed, good to choice, $1.86 11.76 j 1.82.' i!.ggs California . fresh Inehifltnir cases, extras, 22c; firsts. 20 He; seconds, Beieuv. LiuneiB, xsc. Butter California fresh, extras, 31 He; prime nrsts. JOHoilirsts. 80c; Cheese New California. tat fm.v 18o: Younsr.Ann.rlra n Vnu Cheddars, fancy. 20ci Wisconsin do twins, 19H& KSi' er. cental River Whites, $1.461.75; Salinas Burbanks. 11.90 ffl i-.42iL2mP00 d0' $2.002.40; Oregon do, $1.762.25: Earlv Rose. 11K0)17S- sweets, $2.00 2.25. ,.Hl2.llh. cental Oregon yellow. $2.662.78: California do. " l2.nofl2 BO- green, per box, 6060o. " uranges, per dox Navels, fancy, $2.50 03.00: do choice. 12.0SAD2.3K! An tmi. ard. $1.601.76 do .frosted 8.tocav-60 75c, , - .... i . Seattle Markets. Seattle. . Wash.. March a Hitin Washington creamery, firsts, 35S6c; eastern fresh, 2580c; do storage. 28 82c . Eggs Local ranch, 24 25c. Cheese Tillamook, 21 & 22c; 20c; Coos Bay, 20c: llmburger, 18c. Onions Walla Walla.- 12.002 fio tt rtM m sack. ' Potatoes Per ton, $30.00,34.00f Tacoma Market. Tacoma. Wash., March 6. WHEAT Red Russian, 84c; bluestem, 87 88a; club. 8586o; red fife, 86c; fortyfold. POULTRY Ducks, live 14 16c; hens, ressed. 16c; live. 16c: snrincs. dreennd. 16o: live. 15c: sauabs. live. 12.50rffl3.oo dos.; dressed. $3.003.50; turkeys, dressed, 25 27c. untter. Eggs ana ensese. BUTTER Wasliingfton creamery, $6 37ef.Mlnnesota, 84c CHEESE Roquefort. 1-lb.. 14.75 rlns.i llmburger, 1920o lb.; Edam, $9.60; Wis consin, 21o lb.; block Swiss, 21c; Young America, 21 o. IlUUB Washington ranch, 2214o per dozen. POTATOES Yakima fancy, $28080 ton; sweets, 3o lb., $3.00 3.60 cwt. ONIONS Oregan kiln dried, $2.60 00 cwt: Walla Valla or Yakima. 3.26 cwt . , . ..- Los Angeles Markets. Los Angeles. March ti EGGS Ranch. esse count, dozen 21c; do candled, 26c; pullets, lc. BUTTER California creamery, ex tra, 35c; do firsts, 35c; ladles, 27c; country 23o. CHEESE Northern, lb., 20e; eastern, singles, 20cr do twins, 20o; do eheddars, 20c; do longhorns, 25c; do daisies, 21c; do Oregon daisies, 21c; Swiss Imported, BSC.-'---" POULTRY LIVE Broilers, lb.. 30c: fryers, 25c; roasters, 22c; young cocks. 15c; old cocks, 9c; hens, 1618c; yoting turaeys, zic: light turKeys, isc; aucKs, 23c; geese, 20c; squabs, dozen, $3.60. . ONIONS Australian brown, north ern, cwt, $3.253.50; Danvers, yellow northern, $3.25 3.60; Nevada, $3.25 8.50; Oregon, $3.258.50; white wax, cwt., 18.60; gajllc, lb., 78c. - J potato eh--h l gh i an a, cwt., zwz-z5; Salinas, $2.60; Lompoc. $2.75; Oregon, 12.262.40: Oreaon Earlv Rose. 12.50: sweet potatoes, yellow, evt, $2,80 2.75. WHEAT SHORTS COVERING Price Closes to i Cents Higher After Rather Dull Start. Chlcaaro. March 6. Short coverln in the wheat market today ave the Dries nigner closing man yesterqay arter rather weak start. Closing- waa 46o to s higher than yesterday. There waa a mixed situation abroad but the trend of the foreign trade was scarcely Duuisn. a netter ctod in India was one of the bearish features In tha European trade. Ran re of Chlcaro n rices furnished by vrrerDecK as uooKe uo. , WHEAT, Open. vHIah, Low. i 103 " 97t4 Close. May I03S 194U, July .... 97 Sept. 5H 6 96 . A CORN, May July Sept EOF PIE AING .... 70 71 70 , 71 B 70 71 70 71 B .... 70 71 70 71 B ' OATS. .... 82 63 62 63 A .... 48 49 . 48 ,49 A .... 41 ' 41 , 41 ' 41 .. POJtK. ....1585 1685 1572 1580 ..,.1617 1623 1600 1610 A ....1645 1645 1625 1635 A . .... LARD. .... 943 . 942 932 B37 B ....980 90 850 965 .... 976 975 967 970 A RIBS ..,.885 885 ' 873 . 877 A .... 896 806 880 885 .... 910 910 900 902 A May July Sept May July Sept May July Sept' May' July Sept BIO - BOOM IN SHEEP South Omaha Market Is 10 to 20 j- vent mgiier tor tne Day. South Omaha, Neb., March 6.-Cattle, 4100; market steady. Steers, 6.60 7.76; cows and .heifers, 1 4.7606.76. Hogs, 21.800; market steady to So lower At $6.306.60. . i Sheep, 7800; market 10 to 20e higher. Yearlings, $5.005.O; wethers, 84.60 4.80; lambs, 18. 00 6. 76; ewes, 13.85 4.55. . KANSAS CITY IJVESTOCK Sharp Advance Is Made for Sheep; Kansas City, Mo., March (.-Hogs, receipts, 11,000; marketc lower. iCattle, receipts, 000; market steady. Sheep, receipts, 7000; market 20o hlgh- er, v . ... , .. CHINESE TROUBLE IS CAUSE OF STOPPAGE Fl Japanese Financial Disturbance Like wise Affects Trade and Only the Established Brands Are Finding Faror in the Orient. 4 : Indian Wheat Crop. (Special Cable.) 4 Calcutta, India, March 6. An 4 official report of the whet crop 4 , (Mht province of Bengal shows a yield . that Is 100 per cent, of the normal. "he acreage is 4 showing a small Increase, ABQEirrnTA wxtbat pibjsxr, , (Special Cable.) Buenos Ayres, Argentina, March 6v Tner waa an advance of c la the wheat market today. Trade was firmer wfta short covering, specially in near by options. - Owing to the disturbances in China and the financial troubles in Japan only arsmatt-Rmount or deferred flour Tmsl- ness is now being offered. The sales reported recently have been almost en tirely confined to established .brands and other sellers have been unable to do business. The market -for patent is likewise quiet The flurry In purchases when announcement was first made of a prob able sharp advance in tbe price, has subsided,- leaving the market nominal but firm. ' ' One of tbe leading; millers reported this mornlntr that his bids on club had been reduced to 86c" track and bluestem 89c. While others continue to offer 87 90c respectively; only a small amount of business is passing. This Is said to be due to both the holding ten dency of growers, and to - the small storks available. . Oats market is aulet tsut firm local ly. ;' California continues" to withdraw a considerable portion of Willamette val ley supplies. , ..... , ER New York. March 6. Chances in the stock market today were fractional. There" was. a generally lower price .at the closing, although some, of the rail shares were' higher. Strength in New x org central was aided bv the niacin of Lake Shore ex-dividend 6 per cent Old Dominion Copper announces a dividend of 7oc a share. " American Btocks were weak. U to 54 lower, ia London today.- Range of New York Drlces furnished by overbecK & uooKe oo. Description. "" : Open. ' 68 63 12H 94 -49 i 34 118 74 : 104 H 37 Amal. Copper Co. ........ Amer. Car Tdry., efr , . . . . Amer. .can, c no. pro. .'-(,,,,,, Amer. Cot. Oil, c. Amer. Loco., c. .......... Amer. sugar, c. Amer. Smelt, c do. pf d. ...... Ana. Min. Co. , . Amer.. Woolen, c. Atchison, c. . . . . 105 103 103 67 80 228 18 83 do. pfd. ...... Bait & Ohio. c. . ..... Beet Sugar .......... Brook. Rap. Tran. , . . can. rac c Cent. Leather, c, ..... do. Dfd, Clii. & G. W, c, ao. pra. ........... Chi., Mil. & S. P. Chi. & N. W., c. . . ; , . Ches. & Ohio .. 107 '73 Colo. Fuel & Iron, c. Colo.- Southern, c... do 2d Pf d ......... do 1st pfd .. Cons. Gas Corn Products, 140 do pfd D, & R. G., C . do pfd urie, c 33 44 ao za pid do 1st pfd 54 -s'-N-i r 37 181 General - Electrlo -. . . .- Great Northern, O. L.... Great Northern pfd...,. Ice Securities International Harvester. . .108 Interurban-Met, o 18 -do.- pfd.,.,,v.-..:i.'......;r......,:", 67 Lehigh Valley, . . . , 159 Kansas City southern... Lbu1svllle & Nashville..,. Mexican National, 2d. .... 164 M... E. P. & S. S. M. M., K. & T ........... 27 do Dfd. Missouri Pacif lo ......... National Lead .... V4 7 40 64 20 Nevada Consolidated . New York Central N. Y., Ont & Western . . , . Norfolk & Western, c... . mi 109 iii" North American Northern Pacific, c Pao. Mail S. S. Co. Penn. Railway .... P. G.. U A C. Co. . i23 106. Pressed Steel Car, o i aovpra. . Reading;, c. 155 do Zd pid. ......... do 1st pfd. ,.4ii,.... Kep. iron & eteei, o. 19 do cfd, Rock Island, o. . ... .. . , do pid St L. ft S. F., 2d pfd.... 39 . ao ist pra .- fit Louis & S. W., o. . M ao pra Southern Paciflo , 109 Southern Railway, c...... 28 do pfd ,...,... , m .... ... . . . Texas & Pacif Io, ....... Toledo, St L. & WM c 13 108 28 do pra ... TJnlon Pacific, c. ...... do pfd ii 166 91 United States Rubber, c 47 47 do pfd ..................... 110 United States Steel Co.i o Utah Copper I Virginia Chemical ,. ..... .- W&bflflh c '' Western Union Telegraph Westlnahouse Ele.ctrie ... Wisconsin Central, c Wheeling & Lake Erie . . 68Z '"I 74 NORTHWEST BANK STATEMENT Portland Banks. Clearings today ...X 82,245,768.80 Year ago ................. 2,073,573.68 Gain today ...V.. 172,194.62 tmiances too. ay en,ui.4i Year ago ...............'... 161,757.68 Tacoma Banks. Clearings today,...., $ 710,840.00 uaiances touay ua.sia.uo New York Cotton Market. Open. High. Low. 1065 1090 1063 . Close. ' 10694211061 1025102 10341036 1046(ffl047 10461047 1051(1062 105701058 1058106 1064 B January March ...102 1038 .1024 1047 1084 1060 1046 1058 1047 1060 1060 1069 1057 May ......1040, July , ....MBS Auirtist . . 1 1051 September, 1060 uetODer ,.iUBa November. : . . . December .1070 1078 ' 1084 Veterinary Board Named. rflnecial to The Journal. I has appointed - three members of the state veterinary medical board, Sam B. Foster of Portland, W. H. Lytle of Pen dleton and Robert E. Hunt of La Grande. .OUR BUSINESS RAILROAD SHI GENERALLY HIGH BllllllfiS OPPOSED 10 PROGRESSIVE MEASURES T am standing on a platform of old fashioned . Republican planks, and am particularly ' opposed to the initiative and referendum and tha tenets of So cialism,'' said Orvllle Billings, candidate for the governorship of the state of Washington, this morning, in explaining his political position Mr. Billings has been gumshoeing" the state of Washington and being tn the southwestern part of the state, he came down to PorUand for a brief visit Mr. Billings' home is in Tacoma. He believes, he says, that the voters of Washington are going to make him their next governor. ' "I am opposed to the Initiative and referendum," said Mr. Billings, "be cause I believe it tends to shut out the poor man's aspiration politically, and creates the very party machines which it is Intended to eliminate, I am opposed to Socialism because it is an al leged 'cure-all' which would be worse than the.oonditlon it would try to rem edy. "I stand for out and out old time Republicanism, and I, believe a majority of the voters in Washington will be with me at -election time." Mr. Billings favors President Taft for renomlnation and reelection on the ground that -the President took hold of national .affairs ..when ,lhey wera,.tna state of chaos, and. that fie has read Justed conditions as no other man could have done. . a. SINGLE TAX SYSTEM In a letter recently received in Port land from a city official of Calgary, province of Alberta, the statement is made that ''single tax" Is making rapid headway in the cities, towns and vil lages of Alberta and that thex entire province will no doubt be subject to that system in a few years.; The following extract from tha letter throws considerable light on the prog ress of the single tax In western Cana da: - .. . v - .., "The city, as a corpora tlon, has taken a very decided step this year In the mat ter of single tax, in that It is assessing buildings at 25 per cent of their valu ation, land at 'full value. As a province, the legislature has recently passed an act in which the system of taxation for towns to be Incorporated will be along the single tax system entirely. " This also applies to villages. There is no doubt in my mind but that the entire province of Alberta, cities, towns and vinages Included, will all be subject to the single tax system in a very few years, and I believe it will work out very satisfactorily to the property own- MISSISSIPPI ASSEMBLY ASKS PERCY TO RESIGN (United Press' Leased Wn.:"r Jackson Mass., March 6. Tha state senate, by a vote of 26 to 13, was de manded that United States -Senator Percy resign. Following tne vote in, thi senate, tne nouse immediately debated the resolution, and it was adopted by a vote of 66 to 89. Would Eliminate Middleman. (Special to The Journal.) St Paul, Minn., March 6.- The most ambitious project ever undertaken in this section of the country for coopera tion in the marketing of farm products is to be launched at a meeting which began in this city today. The meeting is to last three 'days and is attended by representative farmers and grain growers of Minnesota and North and South. Dakota. It is planned to organ ize an association which shall have for its purpose the securing of adequate and satisfactory market facilities 'for the.groducer without the necessity of emplaylng so many middlemen as at present SUCCESS Ladd &Tilton Bank ESTABLISHED 1859 Capital Stock - - - $1,000,000.00 Surplus and Undivided Profits $800,000.00 COMMERCIAL AND SAVINGS ACCOUNTS Letters of credit, drafts and travelers' checks : ; issued, available In all parts of the world Corner Third and Washington Streets Lumber mens 'NatiWal Bank CAPITAL $1,000,000 E FIRST NATIONAL BANK CAPITAL $1,500,000 . SURPLUS. $850,000 OLDEST NATIONAL nrnne nu nru.v UUhiLO Ui UuUilUl CITY PLAN EXPLAINED C. B. Merrick, president of the Greater Portland Plan's association, ad dressed a large meeting last night at tha East Bide Congregational church, under the auspices of tha Waverly Rlchmond ' Improvement club. Presi dent Merrick explained the association's plans, and illustrated his address with stereoptlcon slides. Howard S. Weed talked on the sub ject. "How to Beautify a City Lot and illustrated, his points with views show ing the results of "beautiful lot" con tests in other cities. The Waverly-RIchmond Improvement club voted to go on record as opposing the proposed Yamhill and Tenth streets site for the new library, favoring the Madison street site, proposed by E. H. Bennetf architect of the Greater Port land plans. . ( . . The association will hold a meeting at Montavllla next Monday evening un der .the auspices of the Montavllla board of trade, March 14 a meeting will bs held at Brooklyn under the direction of tha Brooklyn Improvement club. At a meeting of the association held yesterday afternoon, Mr. Bennett was instructed to prepare a detailed report of the plans for the greater Portland idea, and he will at once instruct his CbJcago offlM.tobegin.tha-worlfc---Mf Bennett left this morning for Brooklyn, N'T- I U. OF 0- REFERENDUM SCANDAL AGAIN The trial of Charles W. Mathews, in dicted for forging names on the refer- " endum petition to the . University of Oregon appropriation bills, was set this morning in the circuit court for Satur day morning. . This is the last case In the criminal prosecution of persons In volved in the referendum scandal." Mathews is charged with forging the name and address, 647 Madison street, of Dr. H. A. Poster to the petition. However, Dr. Foster testified in the civil hearing before Judge Oalloway at Salem that he signed the petition and -lived at the address given in the peti tion. The physician also testified In the case against E. X Rohles that he. signed the petition and lived at the ad dress given in the petition and indict ment "against Rohles. Rohles was acquitted by an instruct-, ed verdict Harry Coler, another Cir culator indicted for forging names, was " returned to the state prison a few weeks ago, when his parole was revoked. He ' admitted forging .names ort the petition he circulated. Samuel Sandrosky. the fourth circulator indicted for forgery, has been at liberty upon bail,, and the Indictment against htm was allowed to drag .along without any prosecution. The Indictments against, the four men were returned early last fall. The men were arrested early in the summer. A private detective agency was Instru mental in causing the arrests and In dictments. Attorneys Parklson, McAl lister and C. Eg, 8. Wood have repre sented the circulators. ' TEXAS REPUBLICANS "WORSE ROOSEVELT (Unltrd Ptpm Leawd wire. I ' Fort Worth, Texas, March 6. By a vote of 27 to 1, the Texas Republican executive committee endorsed Colonel Roosevelt's candidacy for the Repub lican presidential nomination. . ; Little Theatre to ,Oprn. New York. March 6. The little thea tre, the playhouse which Wlnthrop Ames, former director of the New thea tre, has built in West Forty-fourth street for the presentation of intimate drama, is completed and it is expected to give the opening performance some time this week. The first play to be act ed Is "The Pigeon," a satirical comedy by John Galsworthy. Corner Fifth and Stark ' ' BANK WEST OF THE -ROCKYTVIOUNTAINS r