THE OREGON SUNDAY JOURNAL, PORTLAND, i SUNDAY MORNING, MARCH 7, 1915.
9
3
dardenell.es play havoc with wheat prices
PRICE OF WHEAT IS A
V REFLECTION OF WAR
REPORTS FROM EUROPE
Effects of Probable Opening of the
Dardanelles to - Russian Ship
ments Believed to Have Been
Discounted In All Markets.
While this week's prices are lower
. than last week, closing figures for spot
,s delivery are from to 7c a bushel bet
ter than on Monday. At the start of
- - the week the- trade was thoroughly de
moralized. The market was very er
, ratlc at all world's centers during the
. week. The situation is still under
much' pressure notwithstanding the
- slight advances x for the week. The
world's trade he been war-ridden, and
every advice - from Europe regarding
the Dardanelles had an instant reflec
tion upon the price of wheat.
. Sharply lower prices were forced for
., wheat in the Portland market during
J the last week, in sympathy with the
extreme declines at Chicago, as well as
the weaker feeling abroad.
In - forcing these declines the Dar-
denelles continued to hold 5 a leading
ftart. Rumors of victories for the al
les in forcing the straits were imme
diately followed by substantial reduc
tions in wheat prices at practically all
world's centers. In fact, the oulk of
- th0 wheat losses during the la-st 10
days nas been due to this condition.
In the midst of all demoralization
thoracis still hope for the wheat mar
ket, ... The price pendulum is Just at
present swinging to the lower extreme,
I just as it swung to the upper extreme
In the "first days of the war. That a
reaction upward will follow the sharp
: declines in wheat, even after the Dar-
- denelles are opened if such proves to
be the Case is now considerably net
only likely but probable.
The effect of the opening of th?
Dardanelles has ''for some davi been
more than safely discounted by the ex
trem'e cuts in the price of wheat at
. leading world's centers. The problem
: the wheat trade Is today facing is of an
. entirely different nature, although in
some rpspects a similar situation has
teon shown for many month. The
. fear of lierman submarines and the
general-lack of sufficient bhips to car
ry supplies it adequate rates are the
chief factors which are likely to Influ-
enc the price of wheat, as well as oth
er cereals for the immediate future.
Less fear. Is now expressed regarding
f the offering of the Russian crop than
previously, aue proDamy to the ract
that the price" for some Ume has re
flected this condition. ,
Decline in the price of flour at Puget
sound points caused considerable shad
ing of values all along the north Pa
cific coast during- the week, although
millers here generally quoted former
Values. rv-
CLOVER SEED Buying price: Nom
inal No. 1, uncleared. ll12c; or
dinary, 11c pound: alsike. 11c; , i ,
l''hOti R Selling price: Patent,
$7.00; Willamette valley, $7.00; local
straight, $6.40; bakers'. $7.00 if 7.20.
HAY New crop, buying price: Wil
lamette valley timothy, fancy. Jl 3.50 Si
. 14.00; eastern Oreron-Idaho fancv tim
othy. $15.50-. alfalfa. $13.0013 50;
vetch and oats, $9,00410.00; clover. $8
per .ton.
- 'GRAIN SACKS 1015 nominal. No. 1
Calrutta,
M-rLLSTlTKFS Selling price: Bran
$30.0031.00; shorts. $33.00
' .ROW-KI) BARI.KV Selling price,
$3.1.00 4) 1.00 per ton.
Spot prli-es on Merchants' Enhance'
WHEAT
' fat. FrI. Tliiirs. Wed. Tops. Mon
r Sid
Rlilrstein
Sl.MO JM.gS
Fortyfold
t.3o 1.28 ',4
Club -
1.20 1.28
Red RuSKlllll
1.21 . J. 15
,K fife
1.21 1.17
$t.2S $1.3t
10 1.27 hi
$1.26
1.25
1.23
1.15
1.10
33.25
$1.28
1.22
1.25
1.15
1.15
1 .22
1.2S
1.21
.1.J5
1.15
1.
OATS
Fel-
po.ee
30.,v .",2.73
BARLEY
net
J-XmI-
24.00 21.00
Krewlug
24.00
Hpjiii '
M.K . 24.00
Rliortf
24.00 - 24. m
s;;.oo 23.00 2,1.00" 20.00
25.00 26.00
MILLSTt'FfS
23.00 2;:. 00.
23.00 23.00
24 Oil
1 00 24.00 24.00
futures were quoleil:
. WHEAT
0 ? .t. t
April 1li(stm ,
- Bid.
Ak.
$i..ie
....$1.33
...l.OT
I.:s5 .
. . . 1,3
J.iMH
.... l.as
... . i.asu
.... r.28
,'.t.-l.2T
.... 1.30
....32.00
- bins bluetileiii
. April forty fold ... .
ilHf forty fold
' April flub
1 May club ..,
April Red. KuxKian.
Mar . Bed Russian .
April Bed Fife....
May Red rife..:...
- 1.3814
1.37
1.35
t.no
i.r.2
1.83
35.00
86.00
SS.00
80.00
OATS
April .........
May ,
April
May ,
.33.75
FEED BARXUY
24.50
i 2U.00
JOBBING PRICES OP PORTLAND
r Tbeie prices are those at wblcb wholesalers
- hii w reiaiirra, except as otberwise stated.
EQG Nearby frefshlT gathered, 18'A(ai8c:
esse TOtint, 18c; Chlueae. 12c.
V BUTTER Nominal. Willamette valley
. ereaaiery cubes, selling price, 2tHc; state
, iuu, iidcu Duner, lotttuc; e-ity cream
ery, ease lots, S4V4s! lea thao case lota,
'.j BUTTER FAT No. 1 Portland dollverv. an
UVE POULTRY Heua, flyDjuatb Rock,
ca,j. vruiniirj cmcKeus, lave:
broilers, 1 to 2V pounds. 25e; turkeys. 16c:
caressed, 18e; pigeons, $1.0O1.25; squabs
' i'ZZ;.'ioeai . Ue, loc; Pekln ducks',
CHEESE Fresh Oregon, fancy foil cream
iwiua uu inieia, iDuc lounjt America
17ei7c; atoisge flats. 14 Q 15c.
JACK RABBITS Facoy dressed 1.00.
Fruit and Vegetaolsa.
, FRESH FRUIT Oranges, MTel. $1.75
2.25: tangerines, 75c: bananas. 4U nnim?
I j K..,. OR 11 . . . . . 7. , "
iewuih, r". uHm, x.ixf per iuu: araDa
.... 1 0 R 1 1 . . . 1 i. k .. .. . . " "
. .u,i, .uvu.uu vet cttoc, iiueappjs, 7e ID.:
casabas. $1..5 crate; pai, Slo.
arruu uku, ocwii.xa oox, accordUiig to
quality.
f ONIOKS Local. No. 1, $1.2B; association
eeuing price simi x. o. p. country points:
garlic, lTfee.
POTATOK8 Selling price: Eitra choice, $1
Gl. 15 per cental; sweats, 2. 85 413.00.
VEGETABLES Tarnlrm! $1.60; beets. $1.25
- 21.60; carrota, $lJc5l.C0; parsnips, tl.ooa
? $1.25 sack; cabbage. $1.23L&0; tomatoes.
Florida, $3.504 per crate; green onions, 25
: 83c; doz. luncue; peppers, bell, 20c; bead let
' tuce, ; $1.8542.0O per crate; celery, crate,
-$3.50: egg plant, ( ); cauliflower. $1.85 2;
. French artichokes, ti575c doaea: string beans,
UOc;' cucumbers, hothouse, $l.o01.5O doaen;
. cranberrlea, easterni $1012 bbl.; sprouts S
teHo lb.; peas. Sue lb.; asparagus, 17V4e20c
Groceries. ;'--'v
SUGAR Cube, $.5; powdered, $8.88: fruit
- 5? 'J?"?? w 651 $?ZV s-35: dry granulated,
, $5.6; 1 yellow. $5.85. (Ahoy u notations ars
SO days net cash.)
R1CB Japan style No. 2, 44 Q5;; New Or-
leans, Jad, Sfetc; blue rose. &ct Creole
ftc.
- SALT Coarse, half grounds. lOOs. $10 rer
ton; 50s. lo.73;- table dairy. 60s. $18: lfl
17.50; bales $2.25; tra tine barreii.
Cm and lua, $3.itl.u0; lump rock, $2.j6 par
: ton. .
. HONET New, $3.2563.50 per case.
BEANS Small, wbite. $3.60; Urgt white
$6.25; pink, $5.73; luaaa. $0.75; bayou, $0-50:
red, tliaC
wwm ua juaea.
HOPS Buying price, choice, 15c; prima
1c; medium to- prime. 12ai2uC; medium'
l?4niac; 11 contracts, 18c.
- Jtopa, wooj aca Side.
i 14c
WOOL Nou.lnal. JA15 cilo: Wlllitm.tt. ..t
ley. coarse Ootawold, 252tx; medium Shrop-
POTJXTB.T, EOaS AID ' THAI
iWAHTEB WIU pay hens 13c per
Vi. Hogs No. 1, 8V49c per lb. Hoga
A.78cj Veal No. 1.12013 a
Meal No. 2. 10llc. . Immediate ship
ment only. Checks Uy return maiL
SAVIN AS CO- 209 Btar K
.hall 687. . .. . .. ,
E
FOR WHEAT REPORTS
CHICAGO OFFICIAL
C. H. Canby,; President of Board
of Trade, Says Grain Values Are
3verned Entirely by the Supply
and Demand; From Day to Day.
" .
C. H. Canby, president of the Chi
cago Board of . Trade.
C. H. Canhy, president of the Chicago
Board of -Trade, was a voluntary wit
ness before the inquiry Instituted by
the attorney general of New York into
tne rise i in tne price or Dread ana
wheat. He insisted that there was no
such .thing as a monopoly of wheat, and
that the high prices were caused mere
ly by the European demand.
That is what Mr. Canbv had to say
when he was asked If a large corpora
tion, like the Armour grain interests,
cannot, by buying- grain from the farm
ers, and holding it Indefinitely in their
elevators, control the export wneat sit
uation, and by cotrollning that regu
late th domestic market:
"I wouldn't call that a nopula. myth.
I should say it is principally all moon
tine Just plain bunk.
"The present situation is remarkable,
but lawful," he continued. "The export
surplus fixes the domestic price. We
can't expect to buy here for less than
Is offered abroad. However, our ex
port facilities are limited. Otherwise
Europe would be in the market for all
the wheat wt have. Germany would
pay $2 a bushel for any quantity;
"One advantage of high trices is that
people waste less wheat, flour, and
bread when it Is expensive.
"I do not understand now people like
ours, who spend millions a year on
cheap chewing gum, cigars and other
trash, can be affected by an increase ot
1 cent in the price of bread'
Turning back to the wheat situation,
Mr. Canby asserted:
"Liverpool is the wheat barometer
this year. I believe Europe is accumu
lating a surplus.
"I think we may have as much as
100,000,000 bushels left to export, and
I am confident that speculation this
year is vastly less than it usually is.
I don't know of anv speculator or any
bold group of speculators- who have
piungea ana maae rortunes. jl ao know
of Rome big people who have oversold
themselves and oeen haaiv frightened,
Mostly the operators are sitting on tha
rence. r
"Speculation neither raises nor low
ers prices: small amounts cause wider
fluctuations than large amounts."
MORE HORSES . FOR WAR
(Special : to The Journal.)
' Klamath Kalis, Or., March 6. A sec
ond invasion or Klamath eountv to pro
cure horses for lisrht artillerv in to be
made next week by representatives of
tne .r -renca government. Monday they
will begin an Inspection of animals at
the Adams ranch, at Merrill. Horsea
weighing in the neighborhood of 1300
pounds are desired, and the average
price paid is siou a neaa. Tne last
purchase made here for France netted
me tocat noreemen ssu,uuuv
All classes of stock In Klamath coun
ty have wintered in fine shape, the cold
dry. climate seemlnar to be beneficial.
There has been no shortage of food for
dairy or beef stock. There is somewhat
or a scarcity or nog food, causlnsr a num
Der or xarmers to dispose or tneir stock
hogs, and bringing a slump in the locar
price ot poraers. ah other lines of
livestock have -commanded good prices
an winter, wiin no sign or a decline.
There was a larger - acreage of fall
wheat put in for the coming year than
ever oerore. ctesiaes tnis, mere is a
great deal of land being sown to spring
wheat, and the farmers are looking for
Kooa Dnces tne comma- seaajn rnr
wneat. norses ana nogs.
Experiment work is to b .carried nA
in different parts of the county wita
Soudan grass and other forage crops
that thrive in- similar climates. It a
also believed that there will be consid
erable sugar beets planted this year.
witii s view to ascertaining tne' pos
sibillties of locating a beet sugar fac
tory here. .
....
San Francisco Potato Market.
San ; Francisco. March fi. Potatoes
oaiuus, i.ouia' i.io; river, l.U0(0l.Z5
shire, 27c; choice, fancy lots, 28c lb. ; eastern
HIDES DtT hides. lS.e lb.: m i. ik .
salted hides. 12W(uU4e: bulla, rrwn salt, ud
10c; kips, 14S14c; calraa, dry, Sttc; ealf
skins, sal ted t or green, ISc; green hides, i
w uu miiiu, wuimp uiia, satiea. shear.
TALLOW No. i- 4fi24Ve: No laiu..
KUnAlK Jl II MiTJ fcO.
CHITTIJ1 OR CASCARA BARK Car W.
4c; less than car lota, 4c.
Jtaata, risa aad Provisions.
DRESSED HEATS Selling erica ftmnt
killed: Fancy hogs, c; rough and heavy
K,tiH.u.c: fancv Teals. 11 V212c; artin.n n!
poor, 10c; goaU, 34c
. i ...... . mvi . . . .
breakfast bacon. 1727c; boiled ham. -3C'
picnics. 11 c; cotUge, roll. 18c .
CYSTEKS Olymcla. v: allnn ! ten.
canned eastern, 55c sun; $6JiO doaen; eastern.
1-i shell. 1J5 pec 100; raaor clams, $2.00 ixx;
eastern oysters, per gallon, solid pack, $3.00.
FISH Dressed flounders, 7c; steelhead sal
mon. Colombia river, 8c; Royal Chinook. 12 Uc:
lb.; perch, 68c lb.; lobsters, 25c lb.; sllrer
ami,. Ol. . uivu aov H. MUUttl, . VB
He lb.; Columbia river smelt, 75c box.
LARD Tierces, kettle rendered, 18; stand
ard, 12c. . ,
CRABS Large, 11.70; medltun, gl.ZS do Ban.
, Paints and Oils.
LINSEED OIL Raw bbls.. Tie canon: kef.
tie boiled bbls.. 7ac: raw. cases. 70c; iioiit
caaes. 78c gaL: lots of 250 calkins, le laaa-
oil cake meal, f 44 per ton. '
WHITS LtlU xon lota, 744 lb.; 600 lb.
lota, 7e per lb.: lesa ku, 8c per lb.
oiLi Ida. au i arioaa iota. Ed.
COAL OIL Water white, in drama and ln
barrel, 10c.
TLHPE1STINK la aaaaa. S7e: tanka an.
ser gallon, , u .
MONOPOLY
HER
r,: " -j. ,v..r..'T M aw.
; ! nx ,:,v4r Hit
it-, I wy m
Jl
Edited by Hyman H. - Cohen.
FINANCIAL STRAIN IS
NTENSE IN EUROPE;
REFLECTED Ifi U. S.
Recent Collapse ot Foreign Ex
change Is One Prominent Sign
That War Condition Rule;
Exports Misleading, Generally.'
By . Henry Clews, New Tork Banker.
The' Intense financial strain abroad
was very sharply reflected in the re
cent collapse of exchange, from which
mere has been only a partial recovery.
In this country; the serious derange
ment of our foreign trade resulting
from the war has nroduced a blsr excess
of exports which, though flattering at
first sight, is adding to the general
complications, j i
In settlement : for our large exports
we must take either gold or securities,
or else grant extensive credits until
more convenient; circumstances for Bet-
uKiiiasut arriva. i uoia we ao not neea,
because we hftV an aun, aunnlv nn
hand, and regularly produce a surplus
for export. London needs eold vastly
more than do we. and it is to our own
interest to aid and not embarrass- Lon
don; although considerable suma have
been engaged at Ottawa for New Tork,
and more may follow. At the nmi
time ; we are : taking considerable
amounts of American securities from
foreign holders, and under present con
ditions may continue this absorption if
tne inducements are sufficiently great.
Before the war is over sonm very im
portant shifts will occux In our' foreign
exchanges. Remittances abroad will
necessarily decrease, owing to reduced
foreign holdings, as well as to reduced
profits and dividends.
Tourist travel abroad will be prac
tically nil this comina- season, and the
two or three hundred million dollars
which Americans usually soenl every
year in foreign, countries will be large
ly kept at home; incidentally to the ad
vantage of American railroads and ho
tels. There will also be a material de
cline in immigration, which has already
fallen heavily, and is a factor of some
consequence in our international trade
balance, :
STOCK MARKET IS
BETTER: FOR PRICE
THE WEEK
Despite Conflicting Reports .'Gen
eral Financial , Situation Im
proves; European Liquidation Is
of Very Limited Importance
New York, March 6. Despite the
many conflicting reports and cross
currents during the past week, senti
ment in the financial community un
derwent a decided change for the bet
ter, which was reflected by a sub
stantially higher range of quoted
values in the stock list. The most
favorable factor appeared to be the
adjournment of congress, as for many
months commercial and industrial in
terest were obliged to focus their
vision on Washington.
While some liquidation for Euro
pean account was conducted, the vol
ume! of the same was not such as to
severely tax the absorptive powers' of
the stock market. As a matter of
fact the same seemed to be of such
limited extent as to- produce nervous
ness in the ranks of the short .inter
ests. -
Military and naval activities will
perhaps continue to command close
attention for quite some time, but the
view expressed In conservative quar
ters i that the rapid dissipation of the
physical and financial resources of
Europe will force a climax much soon
er than was expected several .-months
ago. .
Range of Chicago prices furnished
by Overbeck & .Cooke Co., 216-217
tioarxi or Trade ouiiding:
DURING
; WHIT ACT
Open. ! High. Low. Close,
May $1.41- $l.42V4 $140 $1.41H
July 1.16 1-16-2 1.14 1.15 A
Sept 1.06 1.075 1-054 1.07H
CORN
May 72H .73 .724 .TSVtA
July .74 .-.759, .744 .76t
OATS
May SSti .564 .6814 .86 B
July 6114 -o2 Jl -61B
PORK
May 17.45 17.70 17.45 17.62
July .....17.8a 18.07 17.82 17.87
LARD '
May .....10.40 10.62 10.40 10.60 A
July 10.67 10.80 10.70 10.75 A
RIBS
May 10.00 10.07 10.00 ; 10.05 B
July ! , 10.83 10.37 10.33 - . 10.3T A
ONION SALES INCREASED
During the week the Conferated
Onion Growers' association shipped 15
cars of onions from Willamette valley
Soints ana id carioaas nave already
een sold to go forward next week.
The movement and demand Is increajs
ing and the outlook is much more fa
vorable for a general cleaning up. ac
cording 10 association oiriciais.
Sales of - onions during the r week
were made entirely at $1 a "cental for
"No. 1, and this price will be continued
next ween.
San Francisco Grain Market.
San Francisco. March 6. Rarlev
CaUlS.
! March 6 . March S
"' ; Open. Close. Close.
May ...... .1.33 . .1.32 1.30
December .1.35 1.33 B ' 1.31 B
Spot prices: Wheat, Walla Walla.
$2.40 2.42 hii red Russian. ti.tOSt
2.424: Turkey red. . $2.45 02 2.60: hln.
Stem, 2.0UIO2.B9.
feed juariey, fi.37. 1
White oats. $1.77 1.80. .
Bran. $28 0 28.50. middlings. 13?a
33; shorts. $3031.
Various Wheat Markets.
Kansas City Wheat closed.
May,
" May
"May
May
May,
$1.32A: July. 1.08A,
St. . Louis Wheat closed.
$1.37A July, $1.10A
Minneapolis Wheat Closed,
$1.84 4B; July. $1.304.
Duluth ' Wheat ; closed.
$1.39 V A ; July. $1.34 A.
Winnipeg Wheat closed.
$1.42 1; . July. $1.41 14 B.
New York Cotton Market.
New York. March fi.-i-Oottnn mar.
aet: . .
i Open.
........$8.62 :
D Tl
High, Low. Close.
$8.3 ($8.62 ; $8.62
Mar.
May
July
Aug.
Oct.
Dev
- e.ae r B.70
9.07 ;.' 8.91
8.83
........ 8.92
9.06
9.16
9.31
9.52
9.32'
9.63
9.20 i
9.39 i
' - Seattle-Potato Market. J -i
-'-a,a v eta 3 Ail-eaVIVIl Oi-rvtlQeB-
White River. $18.00 & 20.00; Yakima
gems, $20.0022.00; Burbanks, $22.00
3Z4.UU; early rose. $4.00f(t 50.00.
Onions California. lUe: Oi-smn
lc; -Yakima, !. " T ; " '
ET
ONLY A SLIGHT LOSS
DURING PAST WEK
Chickens Are Weaker and Veal Is
Off About a Cent; Apple Trade
Is Very Good at Low Prices;
- Potato Market Very Quiet.
Egg market prices showed only frac
tional loss along Front street during
the week. This was due principally to
the fact that the consumptive demand
is liberally increased, and that outfcide
mantels were again buyers In this sec
tion. One of the creamery interests
began to store supplies, despite the
general forecasts' of materially lower
prices for the near future.
ChioJken Market Weaker.
Slicrhtlv lower nricnn wor..
chickens in the 'Front street trade! for
wie ween, out tne cnange was not suf
ficient to cause much comment. Broil
ers are coming forward very slowly,
with a limited demand and limited
sales at 25c a pound. Turkeys continue
neglected. Likewise ducks and geese.
Batter Market Steady.
General conditions in the local but
ter market for th wk
steady, with the recent advance In
price maintained. With the California
market holding well, the situation at
all Pacific northwest points is healthy.
veal Harket is Lower.
For country killed calves there was
a- much more liberal supply shown
along the street during the week. This
caused a decline of lc generally in the
price. Dressed hogs held rather firm,
and a fractional advance was forced in
some quarters.
Apple Trade Heavier.
Trading in the apple market was
heavier during the week. The recent
campaign of the Hood River associa
tion caused the sale of 19 cars of Yel
low Newtown alone by that organiza
tion. This breaks all previous records
of this market.
Potato Trade Weaker. ' . -;
Weaker feeling was generally shown
for potatoes in the wholesale trade dur
ing the week. With shipping demand
continuing unsatisfactory, thera was
little disposition on the part of carload
buyers to take hold. Local growers are
again offering more freely. ;
Hop Market Higher.
All through the week there was a
rather firm tone in the hop market, and
fair activity was shown for spot deliv
ery at advanced prices. Fifteen cents
was paid for fancy stuff several times.
There was also a firmer tone for con
tracts. European interests were the
chief operators.
Wool Situation Strong-. "
While - practically no trading I was
shown for wool in this section during
the week, the trend of the trade re
mains very strong. Offers to contract
art extreme, prices are being refused
generally by Interior sheepmen.
Canned Salmon Steady. !
- Further inquiries for canned salmon
are coming in from Europe, and this la
giving the market a steady tone. The
aemand is principally for medium
grades, and opening- prices are gener
ally demanded by nackers. i
Walla Walla Has
Excellent Outlook
For Wheat Crop
Walla Walla, Wash., March 6. Plow
ing operations in the light land sections
of the county will begin this week in
earnest. This was assured last Thurs
day, when rain fell in all parts of the
vaney, rurnismng tne moisture for
which the wheat growers have been
waiting since the passage of winter".
Although the rain fell steadily for
uuma, mtj sun was 111 sucn condition
inai in water disappeared readily, be
ing stored for use later in the eeason,
wnen mere wju 09 little or no Drecipi
tation. r
Fall sown grain has made a good
growth in the past 10 davs. The warm
weather, together with occasional
showers, have caused the fields to take
a veraant nue, snowing taat the
plants are securing a new lease on lffe
after the long, cold and dry winter. In
spots there are fields that will have to
be resown; some of the fields appear
to be .undamaged, but close inspection
shows; that the plants are practically
dead at the roots, and would make no
suuwiug ji ien unioucnea.
Spring sowing will be started as soon
as farmers are able to work the ground
satisfactorily, the general plan being
to get the seed in as soon as possible ti
get every possible benefit of the spring
rains. In the foothill section the pre
cipitation has been heavy, and as the
soil is heavier, it probably will be late
In the month before spring sowing will
hold the center of the ta. Tn h
naireKa 'iat country, on the other
band, seeding will begin much sooner.
Wool Is Quiet in
Most Markets but
Mohair Stronger
The Portland Wool Warehouse IcOm
pany reports the fleece situation for
the week: i ,
The oast week In the wool mnrk "in
tne east nas Deen very quiet with prac
tically no Change In Dricea wh&tevar.
Some Of the dealers are optlmistlq as
to the outlook and others are not, and
mere nas pracucan y Deen no move
ment of wools. Mohair Is looking a
little stronger and a little buying for
Americans in j-averpooi nas been re
ported. The market Dricea of wnnln
have practically remained the same as
last week at wool centers In the east.
iseiow we give prices:
EASTERN OREGON WOOLS r
Scoured
. ' Grease. Baals.
Fine ataple 24e to 25e 73c to 75e
Floe" clothing 20c to 22e 08c to 70c
Fine medium staple . 24c to 26c 69c to72c
fine medium eioming. . . irac to zsc 3c to 6Sc
Blood combing , . 25c to 27 72e to 75c
Blood combing ........ 31e to 83e '680 to 72c
H niooa comping . . .... uac to 34e 68c to 72e
WILLAMETTE VALLEY WOOLS
Blood 34c to 86c 8e to 72c
eiooa , ac to 3fle 68c to 72c
H Blood 30c to 32e 72c to 75c
now wooieu uuiuj i.ac to aoc in grease. -Gotswold
and similar wools ;29c to 81c. .
- Above prices In accordance with shrinkage
and general condition delivered eastern aea-
ooara terminals. .
MOHAIR I
Beat combing ..................... 36c to 38e
uooa eomDina- 34c to 35e
Ordinary com bin a- Mtc r S2
Best carding 83c-to 84c
Good carding ; 28c to 30c
Ordinary carding .................. 25c to 2Sc
Pelts are in good demand and on consign
ments this week a good 10 per cent .advance
was, realised. Tone of market, steady, ,
: Foreign Exchange Rates.! '
Merchants National bank quotes for
eign exenange: .
London Sterling, $4.89.
Berlin Marks, 22.00.
Paris Francs, 19.50.
Hongkong Currency, 44.10.
: Vienna 16.35.
V. S. Government Bonds.
New York, March $. ? Government
bonds:
Bid.
t. Ask.
Twos, registered .
do, coupon . . i -
Threes, registered
... 984
... 9S '
...IOI14
.,.1014
...1094
...110H
... 98 44
... 984
r 98
I 99
do. coupon ......
Fours, registered .
110
ja
ao coupon . . .
Twos. Panama
TWOS, 1938 ......
EGG
MARK
SHOWS
WHEAT HISTORY NOW
IS BEING MADE AGAIN
Tl
Rapid Price Movements Shown at
Leading Centers; Some of the
Old-Time "Corners"; "Weather
and Labor Are Big Factors.
j James A. Patton ,
The; probable course of cereal values
during the next few months is finding
many guessers among th trade. The
war in Europe is naturally the great
reflection in the trade. The uncertain
ty of weather conditions and the scar
city of labor conditions abroad are two
factors of much Importance that none
are in a position to positively forecast.
The rapid and sensational advance in
wheat prices which has followed the
war recalled to traders other Wheat
marks in years gone by. During the
Civil War wheat at one time sold for
$2.85 : in the Chicago grain market,
while on the seaboard it could not be
purchased cheaper than $3 gold. The
? rices , forced by the war lasted until
87. IFrom that time to 1883 wheat
sold above $1 every year. In the last
20 years wheat brought above $1 In 11
years-not continually, but at times.
Tomer Wacat "Corners."
In ;i872 the Franco-Prussian war,
either by demand or speculation, forced
wheat to $1.61. Three years prior to
that September; wheat was cornered.
No one now in the Chicago trade re
members Just who did it, but records
show that this corner sent wheat to
$2.47 per bushel.
The most noted corners of the last
30 years were those engineered by E. J.
Harper, B. H. Hutchinson, "Joe" Leiter
and James A. Patten.
Harper's corner, in '1887, took wheat
to $1.16, when the corner collapsed and
eent banks and speculators tottering.
"Old Hutch," now dead, one of tne most
spectacular of the old-time traders, en
gineered his corner in 1888. It sent
wheat to $2 a bushel. There was no
serious attemot after that to corner
wheat until 1898, when "Joe"' Leiter
tried. He put May and January up to
91.85. made millions, ana tnen tnea to
switch his corner to June, and thereby
lost a sum that he himself testified a
few weeks ago totalled $11,000,000. His
father' estate, that of Levi Leiter.
merchant prince, came to his aid, and
in later years Letter recouped all his
lossefv out not in tne grain pit.
Patten's Corner In 1909.
The latest corner, in 1909. was en
gineered by James A. Patten, Chicago
trader, ana .fatten is oenevea to nave
cleared millions; how many? not eyen
his brokers knew. The record price in
his coud was $1.60. For two months
after he closed his" corner cash wheat
sold higher tnan tne rutures.
Patten ostensibly retired a few years
ago, and lives in a palace at Evanston,
111. His rifts to colleges, hospitals and
private charities total millions. The
magnif if ent gymnasium at Northwest
em university, Methodist institution at
Evanston, was Patten s girt ana bears
his name. While Patten is "off iclallyt
retired, he maintains an office, and is
usuallv there when there Is a "hen on"
In the grain pit, and he frequently
takes a ''flyer,' as he calls it, involving
a mere matter of a few hundreds or
thousands. Fatten s friends say that
all his winnings In the wheat pit now
go to charity.
European Stocks low.
In a special article In his Liverpool
Corn Trade News, George Broomhall, a
worio s cereal autnority, says:
.Since the. beginning of the TJ. S.
cereal year to date, their shipment of
wheat and flour amounts to about 210.
000,090 bUBhels; thus in seven months
they have shipped as much as they
have ever shipped before In -a whole
season: therefore, it is pretty safe to
assume that they will ship mora spar
ingly 1 during the concluding five
months of their season, consequently
the Argentina supply, which Is about to
come on the market, will not meet with
a very serious competition. . It now ap
pears probable that the trade of the
united Kin?aora is aoout o enter upon
a -period of comparative scarcity for at
least two months, as the high price
now being asked by American shippers
renoerg future misiness extremely dif
ficult, if not, indeed, impossible.
Argentine a Factor.
We'have so often, in these columns,
recently. 1 ventured to state that the
Argentine vas about to come to the
relief of buyers that we hesitate to re
peat the statement once more, knowing
what an uncertain source of supply the
southern republic has Droved Itself to
be in past years; but there seems no al
ternative, and so werepeat--tnat every
thing? now depends UDOn the action of
Argentina shippers-- there is a good
sized surplus available for shipment. If
only the elements will be kind and -al
low of its Deing tnresnea, transported
to tidewater and put on board the flee
of steamers now arrived and waiting to
be loaded or hurrying thither from an
parts of tne world zor .t'eDruary-JViarch
loading.
4 Italians tm m zirsx.
Unfortunately, we believe the report
is true that Italian and some other con-
tinental and -L'u ropean buyer have
in some measure forestalled British
buyers in the Argentina, market. Last
montjh Reuter reported that. the Italian
government had bought in Argentina
400.000 tons of wheat for consignment
by tae end of March.. If the .report is
correct, a great deal will depend uyan
whether It means that .the wheat 1? to
be shinoed in time to arrive by the end
of March, or whether It is to be shipped
by tne eno ox Atarcn; on tne zormer hy
pothesis, it would mean that the Unit
ed Kingdom could expect only minor
?uantities to arrive in March or April,
or it is ver improbable that more
than! 400,000 tons -will be shipped be
tween now and the end of next m&nth:
and what with the present day slow
practice of loading and unloading of
cargoes, jjritisn and lrisn miners ought
not to rely too confidently upon a free
buOdIv of Argentina wheat, before the
month of May.
: Find French Trade Gains.
Paris,' March . Investigations bv
Minister of - Labor Martin show that
the activity of French"1 industries and
commerce hava , recovered to a large
extent since the first month of the
war.; The number of employes now is
only 20 per cent below normal.
IN WORLD'S
RADING
5 v -..'.Vv ft
i , -
1 If f'. ,
l ,W -
LIVESTOCK MARKET
OF THE WEEK WAS
FIRMER AND HIGHER
Hogs, Cattle and Sheep Stronger
Than During Previous Six Days
With Former Lines Advanced;
Killers Are . Liberal I Bidders.
PORTLAND LIVESTOCK RUN
Week enUing
iiogw. Cattle. Calves
Sheep.
4825
4416
6798
. 4247
2850
5808
5188
3251
March
Feb. 27..
Feb. 20..
Feb. 13...
Feb. ....
Year ago.
1069 1 26
3008 31
1093 34
1K.15 . 33 ..
1271 12
3013, 66
1255 11
1945 4- 20 .
..8843
..6232
.6354
.4602
.5726
2 yrs. ago.-2806
3 yrs. ago.. 2206
Hog mafket: was the strong affair
at North Portland during the week.
WJhlle arrivals toward the closing of
the week made the totals somewhat
heavier than during the totals some
what in excess of the last two weeks,
still the demand continued extraordi
narily strong. Sales were made of tops
, as high as $7.20 during the week, a
week,. - . !
North Portland demonstrated - its
ability r of keeping the swine price
above other markets ot the country
during the week, the lead beings suf
ficient at all times to make it far
more profitable for the country to ship
here than to' other stockyard points. .
General hog market range:
Best light ... $7.15 7.20
Medium light .............. 7.007.10
Good and heavy 6.806.90
Rough and heavy.......... 6.8046.90
Stockers .................. 6.60 6.75
Sheep Market Very Strong-.
Great strength ruled the mutton and
lamb market at North Portland during
the week. While total offerings during
the six days were fractionally better
than during the previous week, the
market was stronger. Hales of top
lambs were made at $8.50 with year
ling wethers $7.50 and top ewes $6.60. J
At me Closing ox ween, it wun
apparent that the wants of the local
trade were still unsupplied even at
the extrerrfe prices. i
General mutton trade range:
Old wethers ;.,.$ 7.25
Best yearlings 7.60
Best ewes 6.50
Rflnt esLHt mountain lambs. : 8.45 ??8. 60
Valley light lambs-.. ..i .. . 8.008.6O
Heavy spring: lambs ...... 7.ooca7. 7&
Cattle Market is Steady.
Market for cattle was a rather
steady affair1 at North Portland for
the ween. xnere was a eugnt in
creasa in total amount of stuff mar
keted during! the six days but one
sale of extreme quality was made at a
nickel better than was ODtainame last
The situation in the cattle trade is
now reflecting the more limited runs
of recent weeks. Killers have been
able to dispose of a large per cent
of their, accumulating surplus and
naturally this haa had a food effect
upon the Diaumg.
nTiril r-nttln market ranee:
Select grain fed steers : $7.60fP7.80
Best hay fed steers
Good to choice .....
Ordinary to fair ...
Best cows
Good to prime .....
Ordinary ...........
Selected calves ......
7.250)7.60
7.007.16
6.60 6.50
6.40 46.65
6.006.25
4.005.00
8.00 Co 8.60
6.60 (ft 6.00
Fancy -bulls
Ordinary . .
4.00 5.00
Denver Hogs $6.50.
Denver, Colo.. .March 6. Cattle, 100
market firm; beef steers, $6.507.25
t.ttam nH heifers. 85.00(36.50: stock
ers and feeders. $6. 256. 75; Calves
R rtftOf.10 55. '
Hogs 100; market "strong, with one
load at jB.bo.j "i
Kheep Nona i
Chicago Hogs ,$6.90.
Chicago, March 6. nogs
mnrkot fia hiarher: lleht. S61
gs, 10,000
$6.60 6.90
mixed, $.606.90; heivy, $6.35
J6.90
rough. 6.35 M6.&.
Cattle 200; market steady,
Sheep 2000: market ; weak.
Kansas i City Hogs $6.00.
Kansas City, March 6. Hogs, 500;
market 6c to 10c higher; tops, $6.90.
Cattle 300J market steady to
strong. i
Sheep 1000; market steady.
Omaha Hogs $6.65.
South Omaha, March . -Cattle. 62;
market steady.- Steers. $7.768 8.30;
cows ana neirers, o. ( owt.uu.
Hogs 16,000; market So to 10c high.
er. buik. Jtt.na w b.eoi cop. o.o&.
Sheep None; market steady. Tear-
lings, $8.60 8.76; wethers, $7.50
7.75; lambs, $9.25(39,80; ewes. $7.25
7.60. i - j -
Factories Revolt
Against Textile
. Alliance Monopoly
Boston, Mass., March 8. Current
discussion in the wool trade turns prin
cipally on the revolt of the manufac
turers against the monopoly of foreign
importations : by the textile alliance.
While, most dealers are disposed to ac
cept the terms proposed for want of
better, a strong feeling of hope pre
vails that the monopoly may be broken.
ne local wool market is in a quiet
sound, though still strong for desir
able wools. Sales of , the week have
not exceeded 1,000.000 pounds of all
kinds, largely involving foreie-n wnoia
Contracting proceeds very slowly in
the west, owing to the exaggerated de
mands of growers. London, Australia
and South America report great firm
ness in tne maraet.
Aviators Can See
Submarine Craft
i
- V T'
Paris Dispatch Says 1 Airships Save
Distinct Advantages Over the t7s
der-Bea Tpye of Destroyer.
Paris, March 8. It has been Droved
that aviators from ,.a considerable
height can see further 'into the depths
of the sea than when they are flying
near, the surface, according to Vin-
cente Vesta, an authority who has .been
discussing the subject of the aero
plane against the submarine.
Bleriot, after his first crossing nt
the Channel in an aeroplane in 1909.
said that he saw what he first took
to be a shoal of whales, swimming- In
line, at a considerable depth. The ob
jects proved to be submarines.
Another aviator who flew over the
sea near the mouth of the Seine in
1911 declarer that he distinguished
clearly the bottom of the sea.
A writer in the Imparciai of Madrid
calls attention to the greater- ad
vantages of -the aeroplane over the
submarine. A submarine cannot tor
pedo an aeroplane, while the latter
may follow his antagonist and 'dive
close to the -surface, If necessary. The
slightest breach in 1 the submarine
shell by a projectile dropped from the
air may be ratal. .- f i
FOREIGN
BUSINESS
CAUSES SHARP RISE
WHEAT
Closing Day of the "Week Shows a
Liberal Amount of Export Busi
ness; Russian Report Claims a
Much Smaller Supply.
i Chicago, March 6. There was a
rush of buying orders in wheat at the
outset, which .carried prices up very
swiftly to 34Si c over close Friday.
After-a reaction there was a second
and .stronger swell , in the May price,
but the July did not again reach the
high point. Moderate reaction at the
close left the market 'Jio to- 3 Vo
higher for the day.
Liverpool, tables were remarkably
strong, quoting American winters and
La Platte cargoes at a sharp advance.
JjJuenos Aires was up shariy at Fri
t'J0se' du to renewal of general
rains over tne - big wheat siiiDoinaT
provinces ot Argentine' TThe ioS
late rt,V,PMrt ,.'U8' ea. claimed
,SItirtday wf confirmed in seaooard
messages, earl v tutiHv t.
J!?ir,WMn "Wr" million bushels!
o " "".r.. 101 enjnera today. Kan
sas City, bt. Louis. Winning ,,.
ofwheat etoSaV.rePOrUtl,r Xrt
a local uouse claimed to have Rus
Ulan 'VI ".i-.nV.
y" iund' iou wneat uu-
plies are not as large as generally ex
P.Jf?'and' sllli"nents likely to be
;-. ? " u.i tne opening of tha
Lardanehes. ;The one linpoFiant feu
tZZi?2i1 :arkat is the persis-
Oh rMa'aH'""0!"" ' takiK Wheat
tn this side, almost reifaiuless of
prices demanded. " wl
.,fLthe ar1' advance in corn today
futures were exactly ic ovefthe cios-
k iiures or yesterday. The ad-
V eu'ritaoiy well held. The
trade paid no attention to "the lower
Liverpool cable and did not take eri-
eyn oi some re-selling
of corn by Baltimore. The import
ant fact was the absence of country
offerlnga The run for this market
dropped to 72 cars. Cash corn sold
higher Primary receipts for the week
T. V ""-"e more man naif the run
of last year, -
Action ia oats was much the same
Jn1 T.f.V x?M n uPturn In May
.ci;cjj . were ion cars.
bfil.,n,arkt ruled 3i to lo higher.
"'"" weie over xi'u.ovo bush
els.
h-w-i.' duI1 day for th0 Provision
, jr,wifi revival or com
mission house buying of all products,
lhe Dresaurn wnn nft ih.
there was something like Investment
buylnf uon tne advance. Hogs were
ti at me yaroa with the run
11 ghter th an expected, y Pork closed
21o to 25c higher. lardU2&c higher
and ribs 10c to 12c up.
vIanfire. of, New York prices furnished
by Overbeck & Cooke company, -216-217
Board Of Trnrla hulMli.. 7".
IJESCHIPXION
Open High! Low Cloe
Ainal.-Copper Co
American C. .at Fdjr.,
American Can, e....
Americaa tan, '. pf..
American Cotton Oil
American Loco., c...
American fsngar,c...
Americaa Smelt, e. .
American Siselt, pf. .
Am. Tel. A Tel...
Anaconda Mining Co.
Alcbison, - e. .......
Atchison, pf. ......
TJ. A O., c.-,.
Eeet rius-ar
Bethlehem Steal, c...
Brooklyn R. T
Canadian Pacific,, c. .
Central Leather, pf .
Central Leather, pf,
, 'W. t . n nr
IN CHICAGO
65 66 64,H
"28" 'itk" "27
i2-4 io2vi to2'
tt3" 64
iaoij iao'i iiovi
att-ii 28 2U
9o 5TA 95 V4
'osh 'esii "ss"
8 40-2 89T4
0H 66 6o
88 8S9s WH,
1S9 15fl 158
&4J4 84K 8S94
"id4 'io' "io"
87 'im 87
'ieji 86i .'s-ivi
iiik" Hi"
10H 10 9
'-22 'S2 22"
'85 "85 '86
'32 82 '31
115 115 115-3
27 27H 87 j
- .. ... ,t.
'ii 'ii" '12U
67Vj 67 67U
14 1:141?
2t 22 21 Ti
"ia" 'ii- "ii
654 65 64
60 60 6
84 84 -83
ioi ioi i'oi
103 105 100
'" '25 '25 ','
""' '17 "17
145 149 144
e
'& 'i si"
15 15 15
"26 '27
ii iis ii
'ii" 66'
"45' 'df"44
104 JOB 104
63 63 . 62
ai a - si
"3 "3 '63
-...!. - , . .....
102
8
100
120U
MtZ
MO
OS
7
40
68
158V
83
102 C
IV
28
ua. ae a. w., r......
C, M. A St. P.
Chi. St it,- W., e
Chlno Copper.,,......
Cbes. A- Ohio.. .......
Colorado F. A I., c. i . .
Colorado Southern, c.".
Consolidated tiaa..,.;..
Corn Products,- c. . . ...
Corn Products, pf . . . . .
Delaware A Hudson.'. . .
Denr A It. Q., ..'..
Dearer ft U. O., pf..
lirle, 2d pf
Erie, 1st pf .........
Oeoeral Wee trie.
87 U
122 Vi
BO
IS
24
116
67-2
Ml
e
35 ti
137
31
103
O. Northern, ore lands
u. nortoern, pf, ......
Ice Securities. .
Illinois Central
Int. Harvester. . . .....
Int. Metropolitan', c...
Int. Metroiiolltan.. of..
1
Lehlffh Valley. . . . . ....
Kanaas Cltr outhern. .
L. A N.
K., K. As T.. c.
M.. K. A T.. nf i
27
11
6i
M isaourl Pacific ......
National Lead..-.,,....
New Haven
New Xork Central..;,.
N..Y.7 O. A W.v....i",
Norfolk A Western, e. .
83
24
101
102
North American.......
Northern Pacific, e..
Pennsylvania Railway..
P. G., L. A C. Co.,..
Pressed Steel Car, c. . . .
105
119
25
S7
17
t-ressea teet uar, pr.,
Rar Cona. CoDDtr.....
Iteadlug, e. .......i.
144-
lieamng, m pr. ......
81
20
36
aeadinz. 1st pf .........
Republio I. 'A S'. c....
Republic I. A S., pf...
Kock Island, c. ......
St. L. A 8. F., 1st pf.
isoothern paciric,
Southern Railway, c.
Southern Railway, pf..
Tenn. Copper..........
Texas A Pacific......
Union Pacific, e..,.-...
T'nlon Pacific, pf......
U. S.-Rubber, e. .....
12
12U
lll
7I
MVa
U. S. Rubber, pf . . .
103
44
105
U. 8. Steel Co., e....
U. S. Steel Co.. Df. ...
Utah Copper...........
virKiDia caamicai,....
Wabash, o. ..J
.8
Wabash, pf
W. U. Telexraph , . . . . .
Westlnghouse Electric.
Alaska Paofcara.u.. ....
No. Cake Made in
German Bakeries
Violation of the QoTernment's Order
Means Six Months la lrlson or a
rine of $375. .
The Hague, March . That there Is
scarcity of food in some parts of
Germany, and particularly in the dis
tricts close to Holland, is apparent, as
women and children of those districts
walk from eight to 10 miles to buy
bread, ; peas, beans, Trice And other
necessaries on this side of the border.
The German government has forbidden
bakers to make cake and a sentence of
six months imprisonment or a fine of
1500 marks ($373) is. imposed if the
order is violated, The bakers are try
ing to buy cake in Holland, offering
Dutch firms big contracts at hia-h
prices.'
- r 'V . ' ' . i i in .
Asks tha Kaiser
To Release Father
' V; -'S . ' I ' . ' ' j" "';.'
Geneva, March 6. Throue-h th me
dium of th Swiss Red Cross Mdlle
Leroan, daughter - of General I Leman
of the Belgian army, who defended
Liege against the Germans In the
early, part of the war, has appealed
to Emperor William of ormuv n
allow her father to return to his home
in Belgium. - Her-argument is that the
general, having lost the use of both
his legs, can no longer be rerarded
as fit Jor military duties. Her appeal
nas been forwarded to Emperor Wil
liam.'' -., ; :r - .
WHEAT SITUATION III
AMERICA VERY GRAVE
DECLARES AN EXPERT
Unless. Annual Balance Is
Held -Under War Condi
tions Deficit Is Faced.
MILLERS LACK ELEVATORS
Are Torosd Into the Markets With
Foreign Governments, Thus Sending-
XTp Prices.
Chicago, Mar. 6. The United States
requires 60.000,000 bushels of wheat
a month for Its own use, or 275.000,
000 bushels before the new crop move
ment Is really on. The annual carry
over from the 1914 crop should be ap
proximately 60.000,000 bushels, if the
usual annual balance Is to be pre
served. It will take 40,000.000 bush
els for seed for spring wheat. Thus,
mis nation needs approximately 865,
000,000 bushels of wheat for Its own
use The huge crop of 1914,- so dis
couraged many farmers who expected
60 cent wheat as a result shortly aTter
harvest that they began to feed wheat
to their , stock, and 20,000,000 bushels
were thus disposed of. This, however.
Is being made up In part by rigid econ-t
omy on the part of millers in making'
flour and of farmers in feeding to
poultry .
Tew Killers WsU Equipped.
; Few, even of the largest millers
are equipped- to care for enough grain
to carry them over to the next har
dest from the present time." said a man
close to market and milling affairs.
"That Is one reason that the price of
flour is directly affected by the price
of wheat. The mllle-rsjtre forced into
the market end they must bid in di
rect competition with the foreign buy
ers and the foreign buyers are mak
ing them pay for all they get.
"The five foreign governments
France, Switzerland, Italy. Greece and
Holland that are now buying grain
here are -paying ejjot cash. Not a
bushel Is being loaded into Vessels
until It has been paid for.
Situation Xs Peculiar One.
"Should the Dardanelles be forced
open and Austria and Germany cron
tlnue to be blockaded, the Russian sur
plus would relieve the serious wheat
shortage that will soon be felt, but
should tne war end and the Darda
nelles ! open at the same time, then
the wheat shortarne win Id be even
greater than now, . because Austria
and Germany would require more than
Russia can export. .
"Odessa, on the northern point of
the Black sea, is the port to which
wheat comes for foreign shipments
from over $00 miles inland In south
western Russia. NIcklalva is about
140 miles north and east of Odessa,
and, while not an important seaport,
still in all ships about one-quarter as
much wheat rfs Odessa; its teritory
is also in southeastern Russia. Ekat
erinoHlav is on the Dnieper river,'
about 250 miles northeast of Nlk
laiva and Its wheat territories for for
eign shipments cover practically all
southeastern nussla, which It shares
partly with Rostov-on-Don, which is
st the mouth of ths Don river on ths
Sea of Asov. '
"Our latest reports say that regard
less of the 'holdup lh foreign ship
ments those ports have but little over
the usual surplus In store, partly be
cause of no hopes, of 'early shipments
so far, arid partly because of avoldinir
long terms of, warehouse storage
charges: also because of some frar
of seizure by the enemy.
Xussla Might Hold Wheat.
"Whenever the Dardanelles become
open, and, should lhe price of 'wheat
go considerably lower because of It,.
men it is possible that the Rush an
owners of wheat will be in no great
hurry to sell, especially so If they be
lieve the war is to end soon, and
thereby open up Austria aiid Germany,
who will prove near and good cus
tomers. Another thing to be considered le
that both the transportation In Rus
sia and on the ocean will be greatly
interfered with as loner aa h war
lasts. Also, to take the Dardanelles
will require both a land and sea force.
and they can - hold out against large
lorces tor a long time, unless Turkey
wishes to surrender them condition.
ally to one particular power of the
ames. on the other hand. If th neo-
ple of Turkey are on the verge of a
revolution thete Is no telling what
may turn up. ' i
MORE GENERALS jRETIRED
''-":..:. '. 1 . : . i - ! j
Paris. Mar. 6. Fourteen nrai
of brigade have been transferred to
the reserve list by General Joffre, the
French commander Jn chief, in 'addition
to nine generals of division, whose
transfer was announced recently. Th
vacancies in brigade commands will be
filled by younger men. One of thoe
promoted is Count Edouard De Mac
Mahon. son of the former president of
France, who has been a colonel of
infantry.
Eats 23 Lobsters and Lives.
New Tork, Mar, 6. Mrs. Eleanor
Reynolds ate 22 one-pound chicken lob
sters, .thereby winning the lobster eat
ing championship of Harlem and a 129
gold piece. She is still alive.
Overbeck
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