The Oregon daily journal. (Portland, Or.) 1902-1972, March 21, 1916, Image 17

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The Oregon daily journal., March 21, 1916, Page 17, Image 17

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Newspaper Page Textw-' ' - ": . -.' - - THE OREGON DAILY, JOURNAL, PORTLAND, -TUESDAY, MARCH 21, IT STATE OFFICIALS ARE LOOKING ; AFTER.V COLD STORAGE NOW . III ' . I III I " ' IIIIIIIIII III a. at . . mm -as, a St m m -as. mm m F ' -. I . . l'llllllll ' in:ruLk,offlnh-in- "THF.FfiR MiRKFT! - ' 1111. UUU III! 1IIIU.IW Price Continue to Show Strength ;.te-'; VhoIesaIe f ltrtct--Whlte ; Stock to Bring. Premlnm, Bnt Would Demoralize Trade." " Tb cold storg' teaaoa for (tp la wen nwicc way along us wholesale war, o. b. barer ai offering from 18 to 19e a doses 'for esse count ergs, delivery here, aad ara anxious to ts aoid ef aU offerings. One provision boos is reported aa ottering lSViC tor eaa count to anyone la th country. with 19e to those that ara purchaser t th company-' good-w- .Another local boose a tn'lk and cream concern la - ottering 18e a doses. for ordinary caao mat supplies sad 19c de-en tor all white atoclr ease count. Tha latter la likely to demoralise egg trade roodltiona la the Portland market far the rea- - bob that other buyer will soon be la the field with similar Dricea for whit atock. Tbla nl Un(bn that -the average country -hlpper will arm da his cfta according to col or and will ahio tha brown stock to thoaa that da act specify any particular color. Thla vtll V . . mIM. h w -l trmAm t- - wu. . w.M otsu. - cans those that ara boring for storage want tha .applies to run to color, Just aa wry arc received - rrom tne iirmers. iw m--atock ' will mean that prlcea for tbla color - will be generally lowered, therefore thoaa that f a Iiip - r. M..11 lik.lV tO f ' ud atviw m, vw . - . - - --j - . . be the loser In making eale. One of the big speculative manipulator In tha ear trade here and one or in toemer teaa- era of the Chinese egg Import, la reported 'aa trying to disco-rage other from atorlng egg, while he himself la said to be taking all otferlnge. " . URST STRAWBERRIES POOR Pint atrawberrleav of the season have ap. peered. In tha local market, but the qoanty was not gooa. xne empmeui wsa iram suum em California, and conaiated of two cbeata. He g alar abipmesu are now expected. CANNED SALMON IS FIRMER " Market for canned salmon la generally firm er This ia true eapecially of. the cheaper 'trade flan, bat there M a better iceung m au grades. Baying of late haa shown an lncreaie. COUNTRY MEATS ARE FIRMER All llnea of country meats are showing atreneth at extreme) eticea. front street is - monllii wha t Iima -beoome of the city In spectors. According to the trade they have not been seen alone the street tor anoui " week'.. . RHUBARB SALES ARE ACTIVE With the market quite well supplied, trade In rhubarb ia rather good with a Tern re alea t California stock at 44Hc pound in box lota. There is lesa call for hothouse since the outdoor stock appeared. QXION SALES ARE GOOD "Onlte 'rood galea of onlona are reported dur l-nw tha last week, although tbe exact number of carloads disposed of could juit be ascer teloed. Trade Is likewise better aloBg Front street, although most of the stock there eon- ,aitis oi no. sraue. BRIEF NOTES OF THE TRADE CbeeS market is steady. Ratter valne easier. Chickens are just about holding; broiler seercw and -firm. Hi market ia reactive at lower Dricea. jasparSu .w.uf , w y. .msw www 19 fne. nrnmldl. SHIPPERS. WEATHER NOTICE - Weather bureen advisee: Protect shipments florins the next43 hour aa far north as So-, sttle against minimum temperature of about 40 degrees; nortneut to epos an s uegreea; aoatbasBl to isoise, an negrees; souui to au- lana, so oegrees. aioimoD iruiyri &lui a L Portland tonight about 40 degree. JOBBING PRICES OF PORTLAND - ' - J WWW W. W - These prlcea ere those at which whelesiiera tall to retailers, except aa otherwise stated: Dairy -Tednoa. BTJTTfcR City creamery cubes), extras, 81 CJ ,tSei fir IS, Soc; seconds, 29c; carton prints, 84c. bnyLng price of country creamery, cubes. Cw4w-lt-i v.v "rf t - bUTr-Hr af fortlaad 0iliry No. 1 aoot ctaaml 33c; No. 2. 81c cojia hHim nrtr. hv AMkeJ Bfiarttlwl deli Terr extra Selected freah, 20lQ21e doaen; .case ooont, Oregon ranch, ltwJlVc LiTK POOLX-VX " Uena. heavy PlrajonU Bock, l316ci ordinary chicken, 10c; stags. 12c; sprln-, ana WBtJ xc; areaaea, iawrf .waswa roil, tlaxl.25: eauabe. $1.30 doa.; geese. , lire.! , jkJ I lOtwlOae lb.; Pekisv ducks, old, loe lb.f yevng and heavy. Uc; -adla- Kunnera. Vt 014? lb. CUKlSnl Selling prlce Freah Oregon fme- ?iU cream twin and triplet. 2tt23c per lb.; enng America. 22c Price to Jobber: FlaU, 20e7xoung Aroerira. He f. . b. : cream brick, 2ae24e; limoergar, -3a34e; Wlaconaln wfceeL 436e; block Swiss, 80c. T ... Trait and Yegstahlea. FRESH FRUITS Orange, fancy navel. 31.754i-.75; bananas. Be lb.; lemoos, $3,000 4w bux; grape truii. Florloa, S4.botB--- casei )iueappla, $toe peg lb.; peara, 4i.6vt-.wU; Laurertnea. tl.&O box. f APPLKS Local. $Lw&(31.7. pes box. accord. Log to quality, rosiONS No. .1. $3.00 per cental; No. 2, $L23jlJK; aesoclatioo selling price earloada, 11 M) t. o. b. country point; garlic, 12e. rviaivio-suua. wm wocat, i.3v 1.66; buying price. e.-wa .104il.40 ner eental- weeta. IZMMa 4.00. - VSOE'IABLkia Taratpa. $1.00; beets. St.OO per sack: carrot. $l.oo per sack ; parsnip $1.00 sack; cabbage, $1.6032.50 cwt.; green onions. 3c per doses benches: - peoner. rior. Ida, 20c; head lettuce, California, $1.5003.-0 crate; ceiery, t-auiurnia, i.ou; caouziuwer, lorsl. $1-60 per crate; Frenck artichokes. 90c; TRANSPORTATION San Francisco Los Angeles T I Without Change i lAoate, The Biff, Ciena. , - Com.lortahl -Elegantly Appointed, -aolar Bteamnnlp i lUl Itttt AUltMU DMI 3 p. m;, MARCH 25 lOO Ooldea Kile on Colombia Blvec . 4U1 aatu Xnclnde Berth goad -!, v Sablta J-d fftw UaaxceUed. Th Baa rrajadgoo m Vortlavad . Cow XbirA aatt Whiart Sta, twita-O-W. K. m H-. Co.) Xai.BXw.wW wwo,--ai. - : to' Angela ana n-n v4f STEAMSHIPS YALE AND HARYARD Railroad or act- atea mar to 8u rtiwuta the Sxpoaitiow) City. Laxgeet, tasteat and the CKLY strlcUy f irst-f leas passenger ships ea the Coast. - Average fapeed 2d tnUea an. hoar. .oat e-,ouo.voo -eacn. - - --.t MAX FH -tH CISCO, FOBTL-JTS ft ' , X.OS AJTOEI.ES 8. 8. CO. Frank VBoUam, Agant. - ' 124- Third St. Main- UA, A-4SB 1 - ' With t. a R Q. R. B. . sails L8 DlRiCX v 1 1 SAN FRANCISCO Los Angeles San Oiego TintedAT. Harca S3, 8-30 T. San ' Fraudsco. Portland A Lot Angela Bteetnenip w.- - r rant Beiiam. Agent. - Ut a JXiM UUt. lilliMi - - IjIS 1 eU Inactive Tone Now v Shown in Wheat in ; Pacific Northwi3st Blarket Extremely Quiet ;v Grower f More t Wining tb Sell, But Bnjrers Baiting. "'. KOBTHWIST 6 BAIN KXCEIPTS -Cara- Wheat. Barley. Fir. Oats. Hay. FtirtlaBd. Tnea 23 4 . I i ear ago, 2 4 Besaoa to data. 0,384 1438 . 14W - 8a 2006 Year ago 1S.202 IsiU 172S 1831 Tacoma. lion... . 3o 1702 19 Year- ago. . . lO 2 Season to date. 6,205 " 494 ear ago 8,480 620 Seattle, Mondar 30 , 8 Tear ago ' 12 .... Rex son to date. T.001 1183 Vear ago 7,049 1000 18 284 !671 ' 4 1932 2718 4 8 1775 1901 .22 'gia 8453 1058 2733 . Inactive tone continue la the- eereal trade at Pacific-northwest point. While farmers art, mora disposed to sell, value la outside markets are so erratic and .freignta so aoasca that too trad here sore not know what to do. Chicago was ateady . at the start of the trade. Maw from abroad was mixed.' Broom hall cabled that Liverpool spot - wheat was nnchangva, ont cargoes on passage war weak, l aauung sower, and Manitoba is Sd lower. Basslsa weather la reported eery cold with the acreage la wheat greatly redaead, aa well aa tne growu snowing very tain atand. Argentine weather 1 unfavorable with ton nage scarce and fin and shipments disap pointing. Australian weather la fine with receipts fair and atock akrwly gaining. Tonnage ecaree ana actual clearances for the week are moder ate. Indian weather ia favorable for harvesting. oat ozierings or wneat are moderate. A report from .Trance by cable aaya that abont 1,500,000 acres were not pleated to winter wneat. FLOUR Selling price: Patent, 35.20: Wil lamette valley. S5.20; local straight, $4,600 5.UU; bakers' local, t4.SOWH.2t; Montana spring wheat, 3010; exports, 84J0Q4.7O; whole wheat, 18.65; graham, 35.40; rye flour, $5-63 per barrel. BAX Buying prlcet Willamette valley tim othy, fancy, $16.00; eastern Oregon-Idaho fancy timothy, $18.00; alfalfa. $0.0021.00; vetch and oats, $15.00jlt00; cloter13i0 614.00. UttAIN SACKS 1916 nominal: No. 1 Cal cutta, 13 3 14c in cat lota; less amount are nig net. V11LLSTTJFF8 Selling price, carload lots; Bran, glCi.OO; shorts, $23.50. ROLLED OATS$0'.&08.T3 per barrel. ROLLED BARLEY 331 M&S2.M Dee too. -Uarch wheat prteea on the Portland Mer chants exchange ahowed losses of 1 to 2c a bushel in bid from Monday'! fig area. Mo wlee. March oats ahowed no -change, but bids for March barley were off $1 a ton for no ap parent reason, ixo sales. Merchants exchange March prices: WHEAT Tuesday Monday. Bid. Aak. Bid Blueatem 96 .101 97 Kortyfold 87 95 89 Club 88 91 88 Red fife 85 93 87 Red Russian 85 93 87 OATS Feed 2373 2600 2375 BAfiLEY Feed 2700 8S00 M1LLSTDFFS Bran ,.2075 2226 2075 Shorts 2250 2450 2300 i"u tares were quoted: WBSA.T Bid. Ask. April bluestem 98 lOl May bluestem 96. 102 April fourfold 88' &3 May fortyfold 88 97 April club 87 92 May Club 86 93 April red fife 86 93 May red fife 85 93 April Russlatt 86 94 May Bos-laa 86 93 FEED OATS April ......u........-. ...j,.. .2423, . ..2529 May .. ,v. -.V.-. . !-..37S! 3?I-C00 rXD BABXJCZ AprU Hay .2600 ..2500 ..-2126 ...2150 ...2300 ...2300 MlIXSTUFiS April bran . May bran . . 2250 2350 2450 AprU shorts M-y ahorta 2eo6H asparagus, i(&12c; hothouse cucumbers. $1.00. il0 auaen; tomatoes, atexican. to; aior Ida, $3.7j4-00; egg plant, 20c lb.; aprouta, &c per lb.; cranberries exatern, $11.600 12.00 barret; spina cn, aocei.w uox; rauDarh, $ 7e lb. Meat, risk ana rrenaieaa. DRSS8k.D MEATS tseillng price Cooatrv killed: Fancy begs, 11c; poor, ffll0c; fancy, vtala, HHttl-c ib. : ordinary, low lie; goats. inaKi spring uuuos, avc; uon9, iwe in. -HAMS, BACON, 1C1C. Uama, 17tJ-04e; MSeluuc: it."olL int porta, iaMioc per ia. oYbxicu.- wlympu per aralloa 83: ranned eartera, obe can, tAO doaen; eastern in shell. $1.86 per 100; raaur eUaaa, lla doaen: east err, oj iters, per gallon, aeUd paca, $..00. FIBli Dressed noon-era. tc: cnlaook aal. moo. lo20c; perch, 7 Cj 8c lb.; Isbatera, 25c; silver aueit, feci saiagoa trout, life lb.f" kaj kout, 18MUl4e; Columbia smelt, &07&C per Jv-lb. box; torn eod, 7e; bUck baas, THc lb. VtLans urge. i.si uvuium, ). uuaea, LARD Tiarca-. hattla rendered. 13v.ei stsnoxo. un- SCGAB Cab. $8.06; powdered, $7.90: fruit or barry. $7.66; beet, $7.46; dry granulated. $7.66; U yeuow, ee-oo. laoove q-ouuona are BO oaya net --- -oere is iow no eatab Uahed arte ' tar sugar becaaa of general w- - 9 RA DVflai ywK Vwww. K1CB Japan atyie. So. X, 4e; New Or- arans, head. 6dVre brae roea, 6 He. SAi.1 coarse, nau greoaos, ivvs $10.63 per ton; 0s, jfUJO: table dairy, 60a, $ia; lOa, $17-Ms oa-ea, e-.--i uunp rvea, $o par BSANS aman wllu, fTf-B; large whit; .25: pink. $3.J5; lime, $4.00; bayoo. $4.73 t. .- i ..,, , Aops, .wvot asBs wUwww. SOPS-w-Nomlnal bur las- nrlcsu 1016 . cbuice, 12Wl-e lb-J prt-Bw, lie; medinm to prime. 7v9c. WOOL Nominal. 1916 din: Wlllamatt- ley coarse Couwold. 8e-0e; medium Khroo- at ire, -oi.-ic, -. wHZwic; aLatern Orecon. UttoOc. tllDltS ury mna van pel a, ire; dry abort wool pel is, aoc, ury uwu e-wannga. .each, 104a 15c; aaltod aheep the rings, each, ISfXXe. Belted hides t-6 lbs. and apt loci aalted u itt and unl. lie: aaitaw kla, ilA In- d IDS.1, XOG, emits- c-u t-P t iOS. 1, IBet ItJw . i V. lfewt mtaA tin. 1.1.-.. grew w-w wr,( uw,, Slavs slags 50 lbs. and up), Wc; greaa kin 116 loe. to aa um.lt S'"- tau u ta li ibs.l, 19c; dry Mint hid, 6e: dry Xiiat calf lap to I ,, c; dry salt -lde, 2ic; dry boraehide,- each. 73e t aalt hiaehldee. each, 6-.W to vtMii aoraeaar, aoe. " w. .' TAllf kj. , w. Ma w . llUAin w., . . , anu oe. CH1X11M OR CA9CARA UAUK Boring prlcea, pee ear lot, 4c; tea tbaa ear lota, 4. MOtaAt-y 110, w w. .-- - .Vaiato aad Oila. '.-,-:. OOAX, OIL Water whits, la drama and lrun- barrel, 10c. - . r . UNaau-D iw-)iw, -, K-e gaooa: ket tle bulira, cos., m; raw. eaae, me; DOUed. i . - 1 . l-. m.9 gut li-... . 1 , ca e, w a a. , we i.i.w, j wv -1 URfl-M if Tanks. 7e; caaaa, T4e ga- km. WHITE LEAD Ton lots, 104 lb.; 600 Eft, Iota, lie; lose lota, 11 Vie per lb. OIL ME Ai taxlosd lota, $44; laaa than ear lota; $w0-w. i . OAaoLP-r-Baaia price 13 He per gallo, i Saa Francisco Wool Market. - San Francisco, March to. Wool, per pound, Humboldt and Mendocino. 8 months' arrowth. 21i2ic: do 13 month. d028c: middle coun ties. 8 months' growth; good, -17 gj I Be; do tair, i(ai(c; Ra xiiurr and vicinity, ismx liaioe, Nevada atock.. 18 4.3oe, according to St. Louis, Mo., March 20 (-,- N. 8- wool .unchanged. v - ' Chicago Produce Market. Chicago, March 20. (I. St. S.) Butter, fair; tfrs acUve. . . V Ruttee Ree-lnfa OAsA enKa- .-- 1 traa. 86c: extra flnta. 38e35He; firsts, S3 I - - fifkntI - aj-wa7w( -M.vHUt. fVXWXV , BuaiaA lrt t X -IBBw Xe; flrets. 81J3Se: aeooads, 26j2Sc; pack- . ErrsReeelDta. 2:t aaa eaae-. flrata tost 19V.c; ordlairy firsts, lSQlSHc: miacellan oua lata. Uttldc; extraa. w2i23e. -1 , ' ' " , " . , ;' . Oregon Apples in South, - . .Saa Fraocisro. March 20. Apolea. per box. Oregon and Washington. ftMTaenburcs. $150 t72.SO; Ben Davta, $1.0002.60: Newtowa Plp piaa, L6042-sw, , , BIG INECTED POTATO SHIPMENT NOT TO BE State Inpector Staxisbei.Iwefaaes to Allow Sale of Minnesota ft Stock Here; ;, Says Company ' Would Hide Shipment. . A carload of MlaoeeoU Early Bopotttoa -a beta refused admittance Into the Portland market by etate otflcialg bee- of various fllsaata. " . The carload wsa brought forward by the Pacific Fruit a Produce . company V of this city, and according to State Inspector i. B. Btcnaberry, strenuous effort waa mad by certain partlea to keep ' tbe ' Inspector from learning of this state. - "According to the Pacific Fralt Proloce company," any Stanaberry. "they found the potatoea ta be diseased upon arrival here. They knew what happened to a former hlp ment, therefor they notified the eastern ahlp- Pr that they veould reject the - stock, but wooia try to keep it from the hand of the Iw-pector. Later they told me-that they had been notified by the eastern shipper that he would hold them strictly to account for the potato-. Then they Immediately discovered that after aU the inspector waa good fal low and of some ase. I was notified, bat in tne meantime had through tbTllroad discov ered the cr." . Local Interest la the-potato market ia In creasing. The present strength in tbe trade 1 more of n fight between dealer than oat side influence, bat nevertheless some .sales of extra I fancy are reported ia the eotfntry at i j j 1 i . ... . i i . . . i . . , t.w wuu we mua i ai mmr uuauty going at $L23tJ1.8w. Bear Clique Has Control of Wheat In Chicago Trade aitcago. March 21. N. 8.) Wheat price today faced another distressing move ment la the pit. The opening la all three elaauea waa fractionally under yesterday's close and In the first boor prlca were lrreg clar and failed to poet a recovery. " Tale came somewhat a surprise to the boll-, who had figured that world conditions are well discounted, . and that the winter wheat outlook should be considered a near future factor and favorable to their aide. It ap peared today that tome ot the large dealer who have been acumnlatlng on the decline are trpmg to keep prlcea down until they are thoroughly fixed for the 'upward movement. Accumulation ha been heavy, and the upturn will probably receive hearty support when it tarts. Corn and oata were unusually active during the first hour of trading. The embargo Disced on corn by tbe Baltimore a Ohio caused some soiling, bnt the market seemed to have a firm undertone. OaU continued to kf, bnt the patient purchaser of the hut few week seem to bo content to hold on and play for rat ore preaictea sugner market, races were aocut steady to those recorded yesterday. Rung ef Chicago price) furnished by Orer neck A Cooke Co, 216-21T Board of Trade building: WHEAT. Open. High. Low. 100 HO 108 Ctoot. May .... July September May .... July September 106A 107A 107 1061 1071 CORN. 75 75 2H 77 T6Vs 10 OATS. . 105 74 76 75 78A TO w-taflT", e e a July 44 45 44 42 2290 2276 1150 1172 44A .. 43 48 43 V. 2295 PORK. 3295 2307 2275 2296 IwlRD. 1150 1160 1173 . 1186 RIBS."" 1310 1212 1223 1236 May ..... July ZUOX May July ..... 1150 1170B September Mar 1195B 1210A 1207 1222 July 1232A BOSTON COPPER QUOTATIONS Boston. March 21. Copper bids: Adventure 14 INev. Con, . . . 15H Ahmeek Arcadian . . Alaaka .... Butta Bal. . 96 8 lfw NiplSBins; S. Butta ... INorth Iwtka. 28 1H 4 l, S M . Mia tjQiony. . 2 Butto Sup. . 83 Old Dominion 66 Lai afc Aria. Cal 72 lOsceola 9$ CaX 4. Hecia.50 --ncj 92 Ray Cona. ... 23 Centennial ..17 Cbino 64 (Santa n .... 2 Copper Range $1 lenannon .... Daly west .. B4 IShattixck .... 27 Eat Butte.. 1J1 Franklin ... 8 1 Superior . ... 1$ ISwlft Pack's:. 181 2 U.-Canane M 47 tTajnaraek fix Oranby Hancock HelveUa f9lTrinity 8 as ri uoiumne ... so 40. .(United Fruit. 145 Indiana 3 Inspdration. . 47 1U. S. Machy.. 6S 00 via. . . . United Zinc. U. s. Smelt's do pfd. ... Utah Cons. . . Victoria . .. Winona 29 1816 rloyal.. 17 Keeweenaw . 3 H Kerr L-Ute .. Lake Cppper. 17 Maoon Valley 1 Maas. Ming. 12 80 7 60 14 3 4 69 Mayflower . Miami . -tstWolverlne. 8. Wyandot . . 2 Michigan . Weather Stops Spraying. Walla Walla. Wash iefc 41 Owingr to the exceedingly heavy rain ? omiuay Ulthjiy urcnaraiSIS Wilt D unable to get to their trees with spray ins; machines until after the blossoms appear, according- to County Commis sioner Harry A. Revnolds. after a. trin of Inspection through a portion of the aaiey yesteraay. in many places Water a till la atandin. several Ini-h.a deep In the orchards and, it is said.' 11 win re unposaioie to get the spray ing machines to them for some time. Owing to weather conditions very lit tle spraying has been done here to date, and Sunday's storm has put a complete stop to the little which was gotten under way during the fair weather of last week. Good Broccoli Returns. RosebwTg, Or.. March 21. Tbe Umnotia Val ley- Fralt Chios has received returns on the nrn shipment ot broccoli to the east. The price received waa $1.33 a crate f, o. h. Rose burg, being a higher price than waa expected. It ia believed that later shipments win taring eves a higher price, a the grade of tbe later btpaaent 1 better than the first. To data 84 carload have been shipped and It ia be lieved that tha shipments will total at leaaf 60 ears, and if the price hold -op as well as the first shipments have, this crop wilt bring ta to Douglaa county at toast $30,000. t , New York Cotton Market. V. Month-- ' Oeen. High. Ivow. Close. Jan. ........; 1.57 1257 1249 1288 March 1195 119$ 1196; 1190 May ... ....... 1J02 - 120711971197 July 1324 1225 12111210 Oct. - ..,1.1 1231 1235 1218 1218 Dec . . ...... 1250 1263 S123 J : 1214 J JJastcra i llry ; Ma Chicago, Uarch X !, ; N. S. Barley Sanaa City. Mo March, 20.--(lV K. New York, March 20. (L 8.) Barley svsaay; naiBg. oe. a -,. ry,. - Saa Francisco' Hop Mxarttet. -Saa rranieo, March SO. I. N. ft.) Hops, J916 crop; basis per pound; jobbers prices, Sacramento valley. lOlic' other aectlons, 10$13e; Oregon, 104.15c; Washington. - lotj lC . - , . . v . ..1'.... New York Sugar and Coffee. New Tork, March, -l.-T-Sagar-rCwfitrlfugaI. Coffeea-Snot Wew 1vt Ko. T Bios, S: ALLpiDllli DISEASED POTATOES Limited; Euns Are - , Shown in.the Yard; Mart Remains Good Situation Excellent; In All lines at North Portland; No Sheep k '',.-- :' tor Tradei' V'- ' V i PORTLAND LIVESTOCK RUN" - ' Hog. Cattle. Calves. Sheep. 61 7 301 .627 ' 11 8 14 , 2 ' ' 443 65 - 41 18!6 21 tt 21 17 6 18 291 4 1349 175 . .. , i av a ' - 80 . .. Tuesday . Monday .. Saturday . S57 3.058 1.020. 1,817 446 785 623 49 605 rnaay ... Ttoraday Wednesdsy vleek sgo. Vear aco.. Two year ago Ihrte ears ago With the exeentlon of one load from ' the Goldendale section, the only arrivals of awlne in. tne local yards overnlcbt were from tne imn-edlate yicinity of "Portlabd. "" .rena 01 tbe bog trade here la firm with general top quoted around fu. 2009.28, which to . aabatantiauy the same aa Monday for sim ilar ocierina-, wnen some freight ere etoxx old to Puget aound parties at $8.85. General hog market: S Choice light weight..... .......... $9.209.W Good light welghtt 9.1080.15 Medium weights V 9.00 9.06 -tonga ana nesvy. B.vui 43.00 oattte Strength Retainad. Only a very small supply of cattle reached the North Portland yards ever ' night, The general trend of the market retain It former great strength, although nothing waa available ouring the day to teat extreme top price. The aeaeral catth market ranee: Choice pulp fed steer. S8.10O8.1S Choice grain fed steers 7.75Q7.90 uroinary grain ted steers 7.25x7.60 Choice bsr fed steers - 7.00(37.14 Good steers 6.96$7.00 Ordinary to common steers. . . 6.O0-t6.60 Choice cow rS.75tiT.00 Ordinary to commoa cow.......... 6.6042C40 unoio neiiera txoqit.s Ordinary to cood half era. 7.00&i)7.23 Choice bulla 4.504i3 00 Good to fair bulla 4.00(34.23 Ordinary to common balls 2.00i2.75 Beat Ugbt calves 8.00 Good calve a 7.0017.60 Mutton Come Direct. A local meat company brought In 801 head of sheep from It nearby feedlot and these formed the total arrival In that division of the North Portland yards overnight. xnere waa nothing available for the market, therefore the former strong high prices were. noc tested. . General mutton and lamb range Choice weight iambs $9.76810.00 Good to enramon lamb. .OU(iW.0O 9.00 8.5038.75 B.00Q3.23 7.753a.oo Beat wethers Good to common wether Old wether Choice light ewea uooa to common ewea... 7.0047.50 Tuesday Livestock Shippers, Hogs Sua Dial. Banch, Troutdale; 25 head; H. Catea, Vancouver, 17 head; Robert McCrow, oviuuMiuD, . w. w , nru, VwV. IVWU. Staata. Soaver. 1 load; Minor Lewis, Iailaa. 1 10a a. Cattle Ray TarbeU, Houlton, 1 load; E. G Staata, Sonver, 1 load. Cattle and calve A. Chalmers, Wlllabor- ough, 1 load. sheep Union Meat Co., 601 head from near, by feedlot. . Market tuff J. W. Willi, Gaston, 1 load rattle, calves sod bogs; treorft ' Zimmermen, xamhiii, J load cattle, selves and hogs. TKav osition of Livastoek.' Tollowlnns; was the disposition of livestock at Aorta foruana tor tne wees ended Sat urday; . Cattle. Cur, Bog. Sheep. union Mast Sterrett it Oberlee M. J. Gill Bay Falrchlld T. R. Howitt. . Misc. Portland Misc. Oregon Carsten Pk. Co.. . 472 12 2694 2265 ,68 8 114 '. 12 " . 31 11 127 21 19' 4 38 .68 13 106 40 .356 1 2160 .62 258 . SSI .44 .. ' 409 .... .181 .. .. 722 .118 .. 671 .... .20 81 . 4 ,2 !3 ",J rt 6577 8636 James Henry....... Tacoma Meat Barton Co Paget aound Mlac. ........... British " Columbia. . Total -loader Afteraeoa Sale-, HOGS. Av. lbs. -. 174 22. 250 162 Wo. 108 hog 6 bogs 24 bogs 88 hogs 10 boga 10 hog 12 hog 10 hogs 60 hog Price, 9 20 9 20 9.20 9-15 18 S.65 174 362 142 483 132 330 140 93 820 8.15 8.15 1 hog . 8 bog . 21 hogs . S lamb 800 8.00 7.25 LAMBS. BULLS. .. 72 ..1460 ..1610 ..1100 .. 790 $8.50 $8.25 5.00 4.33 ban bull ball STEERS. 1 steer 1 cow 1 cow $7.00 COWS. 9O0 .. 900 Tuesday Morning Sale. BOGS - Ave. Tbe. 215 170 WO , 297 400 130 , 297 143 121 815 107 80 $9 35 650 No. 10 bog SO bog 84 hoga 4 boga 4 hog 7 hog Price. $9 26 9.20 9.20 8.-0 8.20 8.20 . 8.15 . 8.15 8.15 8 IS 7.85 6.60 12 bogs 87 bog 47 bog S hog IS hog 32 hogs DAIRY PRODUCE ON THE COAST Ban Francisco Market. San Francisco. March 21. U. P.) Batter Bxtras, 8c: prime, firsts. 274c; firsts, 27c. Eggs Kxtraa, zic; pallets. Uttc; nrsts. 17v.v Cheese California fancy, 18c: flrat. 17c Los "f-'t- Market. Loe Angeles. March 21- (P. N. S.) Eggs- Case ooont, ax. Batter rresn extra zsc. Seattle Market. BeatUe. March 21. (U. P.) Butter Native Washington creamery, brick. 84c; ditto solid pack. 33c m leese uimun cnpier. .ia, vv 1 oraam trip lets. 2l; w-tconsin twins, .ic; loung Amer- , - tea, --c 1 Eggs Select ranch, 21 c. POTATOES ALONG THE COAST Baa Yraaeiso Karkat. San Franciaco, March 21. Potatoes Per cental. Delta ear-wharf, Sl.10ai.85: ditto extra fancy, $1.6.6.1.73 (email Iota); fancy Unas. S2.1D; Ore Son, Il.7e31.90: Idaho Gems offered. $-.00; Washington. .1.40Q1.50 sweet. S8.60, delivered on eidewaik. Onlona Per cental. California ex -Icehouse $1.251.60; Lompoc, $1.65; Oregod. IJX& -7-. - " . H . . s. ' BeatUe aarkst. Seattle. Wash.. March 21. (TJ. P.) Onions Oregon 2i,62Vie; Ykkima, 2e. rota toes wcite tuver, 1 atima Burbanka $3537; Yakima Gema, $364337. : BAN-dSTATES-ENTS OP COAST , . Port-uid Basks. This week. Year ayo. ......$ 1,949,159,14 $ 2.181,7331 1.82477d,3 1,903,955.71 Clearings Monday ... Tuesday Sn-iMlw -twwV..' " CTearinge ................$ 2. BP0.5O8. 00 Baisnces ....................... s,Ti3.oo ftKJVX f-f'Tasoma llanka.UAt-l1'?-' : Clearings --.- e-k? -) i t ,-763.224.00 Balaaee ' ,86,030. OO - ' tea' ."raaoisoo Basksv -'" -' : n- Cteeringa .. . .. ............ ... .$12,489,204.00 Oeartng ....i...w. .... 8 8,763,120.00 San Francisco Grain Market. -V San Tranoisco, sfarch. 21' Barley tsalla- - -March 2L - March 20 - " jri - Open, f Closed Close. May VV.."ill.87H - $1.87 $1.37 B Decem&er ' . 1-88 B - 1.3 34 A 1J3 . Spot auotatlons.- '.: Wheat Walla Walla, $1.70l.72rt ; red 5 Russian. 1.S7H01.7S; - Turkey red $1.82 1 flfU 1.1,i..l w .. 1 fi Vli Bi OA . T - - Barley Feed, 11.32 1.35; brewing, ' Millstuff-Bran; ImiadJlngi.. I30O31; Hiorts, $2S.602. , v . ' Oats White, 1.40Ol.42.J Editodby Hya-an H Cobs LvCONT RESUMED AT HIGHER El As High as 81c Being Offered for Best Quality and Light Shrink; Boston Sales Made at Surprising Rate During Recent Days. Contracts on tb coming wool cap In the Pacific northwest ere being sought as high as 81c a pound or the highest price ever knows Irt.cre for almllar stuff, aside from pioneer day bappeninge, . .... .. t . Eaaters mill, Interests did not stay eat ef the buying field long enoagtr for the sversge sheep owner to discover their absence. They made much ado of their withdrawal from tbe market, bat they were back again tato the baying ring before anyone could say "Jack Robinson." Tb troth of the matter la that wool in terests are. famished for , anppUea. - While the extreme strength of the rag or shoddy market la worryinc some of tbe woolen mill interests more than the advances in the price ot virgin fleece, they are nevertheless dis posed to tie up aUvthe cap they can lay their bands on. A recent Boston mall advice aaya: Both Into and out of the . Boston market wool ia moving st s noteworthy rate this year, arrival thua far In the current quarter approaching I2&,ooo,000 poanda, compared with ka. than one half that amount for the cor responding period of 1916. The gala ia re ceipts ot domeatie wool this vear haa bees relatively alight. It ia the Import movement that looms ap nrprislngly large, showing to dat s total close to 100.000,000 poanda. It naturally followa that a good maaafae tutors' -demand baa been in evidence furnish ing the incentive- for all these arrivals of domeatie and Imported stock. Tb summary of shipments by Boston wool dealers to tha manafactnrer of this section confirm that Imoreselon. for it amtear that about 73.000.- 000 poanda of wool nave already gone Into consuming channels, no early ana actively has tbe market at tea seaboard made its requirements felt, that re ports from primary points in tbe northwest are conclusive aa to. the general conviction anong domeatie wool growers. Ranchmen ad vise each other to bold out firmly for - top prices in the belief that this 1 to br the best season for - many yskr in th trade. negotiations for contract atock. under -these clrcamtsnces are very actively In progreta. Prices, too, are strongly upheld and prom inent eaatern houses are steadily placing good orders in tha states where- early shearing takes place. Farther north there la more talk of holding out for higher quotation. JKoat of tL wool purchaser this rpring will be obliged to get upon a much higher plan of vaiuea than that which characterised their bidding of -a year ago. Conditions ar such In the import trade that la the near future the American market wiU be more largely- dependent upon domes tic clips- for several months, not only be cause bf the shifting season in tbe southern hemisphere, bat becaaa of British colonial embargo provisions. Of Interest in tbla connection is th fact that what is reckoned ss the lirgeat and moat ve In able cargo of -wool ever sipped front South Africa direct to Boston reached this port within the past week. The shipment came on tbe steamer Hyselnthai and comprised 22.100 bales-of wool eonalgned to 'Boston tm porters. Presomably, this is the last consign ment or magnitude tnia spring. AMERICAN LIVESTOCK PRICES Chicago Hog $6.70. Chicago, March 21. Hogs Receipts, 16,000; strong; mostly 6c above yesterday 'a average. Bulk of sales, ge.SOQ9.6S; light. $9.10.70; mixed. $9.309.70; heavy, $9i5t39.70; rough, $9.259.40; pigs, '$7.90(88.75. - CstUe Receipts 8000. steady. Native' beef ateers, 17.SO&9.8S: western ateer,-$7.4Oa)8.a0; atockers and feeder. $6(38; cow sad belf- . $3.80jf.70; calves. sio. Sheep Recelsta 13.000. atrong. Wethers, $8.409.10; lambs, $9.75011.66. Kansas City Kegs $9.-5. Ksnsas City. March -L (I. N. 8.) Hoga Receipts 15,000, steady. Bulk of sales, $9.20 KB. to: neavy, xa.40fra.00: pact era ana butchers. $9J9.50; Ught, $9.1509.40; pig. $7.704,8.70. - Cattle Receipt 9000, ateady. Prime fed steers. g9.254T9.60: dressed beef steer. $82 9.10; .western ateers, 7.79.10: atockers and feeders. 38.50O8.75: eslvts. $B.C0.U. Bheeti Receipts 8000. strong. Lamb. 810.8S (S11.46; yearlings. $9.50QlO.4O; wether a, $8 Sj9; owes, $7.408.M. - '-- St Leais Bogs $9.70. St, Louis. March 21. (I. N. S.) Hogs Re ceipts 10.000, steady. Pigs and Mgbta, $7 7.00; mixed and batchers, $9.459.70; good heavy, $9.659.70. Cattle Receipt 8200, ateady. Native beef ateers, S7.5O&9.0O; yearling steer and heif ers, $8.5X9.&0: cows, $6Jo8; stocker and feeder, $5.5038; on thorn steers, $5w58; cows snd beifers, $438; native calves, $6Q 10.75. Sheep Receipts 2300. steady; yearling wethers, $8 10; lambs, $94111.65; ewea, $6.50 8.25. Denver Bogs $9,80. Denver. March 21.- Cattle Receipts 400. stesdy. Reef steers. $7.50438.60: cows and helfera, $64j7.20: atockera and feeder, $6.50 37.66; carvea, $10i911. Hogs Receipts 4000, steady. Top,- $9 JO; balk of sales, $99.20. Sheep Receipt 1100, firm. Yearling, $9 69.50; lambs, $10.5Oll; ewea, $7.508. BeatUe Koga $9.60. Seattle. March 21. (P. N. S.) Hogs Re ceipts 407, steady. Prime lights, $9.409.50; medium to choice. $9.25i9.80; smooth heav ies. $8.769.25; rough heavies, $35QS.50; piga, $8.2Ra9.25. - Cattle Receipta . 22, steady. ' Best steers, 87.75Q7.86; jnedium to choice, $7.2S7.50; common to medium. fd.60(87: best cows, $QM (38.75; common to medium cows, $w-X6; ball. -$3 J0tt5.50; calves, 87.604S8.50. - Sheep Receipt 301, ateady. Lambs, $9.75 10; yearling, $8428.76; ewes, $7-57.26. Domestic- Exports Increase. Domestic exports from the. Unltel States In January showed a total value of $826,474,235 compared with $2.2, 638,192 for tbe same month a year ago: For seven months of the fiscal year the exports were $2,146,011,540 com pared with $1,806,977,319 the same per. lod a year ago. Imports for January were $184,362,117 compared with 4121, 148,317 a . year ago. - Various Wheat Markets. . Liverpool Cash wheat unchanged. London Wheat' cargoes on passage Weak. Is lowsr. . Buenos Aires Wheat lc to 2c lower. Chicago Cash wheat unchanged. St. Louis Cash wheat unchanged tt lc higher. Kansas city casn wneat uncnangea to lc lower. Liverpool Cash Wheat, Liverpool.. March 21. U. N. 8.) Wheat- Spot No. 1 Manitoba, 13s lOd; No. 2. no atock; No. -8. 13a 4d; No. 2 bard winter, rulf, 13 10d: No. 2 hard winter, ehoice, 13s Ad: No. 2 red western winter. 12s; No.; 1 Dunun, 13 8d; - northern Uhicsgo, is on. : Church Cooperation Vrged.f-, . A desire and need for greater co-op-' s ration among tha Latheran churches -of the city was voiced by ministers and laVmen at a mass meetine in the Nor- wegiaa Lutheran chorch.i'; Fourteenth streets,' last night, ' - i.; 1 I ' 5 7 - - -1 Swedish. Norwegian ,f, and - Paoish Lutheran - churches were ' represented. The next Lutheran meeting is sohed-j uled for Immanuel - Lutheran church, ( in me teen in inn irvmt streets, some Uma within tha next quarter year, ; : A- 1 i ' Violation of Dry 1-aw .cauirged. r,I 'Whisker ' alleged ;' tohave , been served from " a ? coffee not . Inbeer glasses, at 15, cent a drink, was the cause of the arrest of Al Wohlers, ex-saloonman. In his ? soft "7 drink es tablishment; 275- Burnside street this morning -on charges of violating; the teh!Mtlorr W J been Issued for a. , warrant nas aio th arrest of Wohltr" RAGTING PRIG IN BEFORE I partner, -Ed Donovan. Peace, Talk May ;Be W6dge io:Get; More U. S. Money New York. March" 2X(I. K. S- The tock market at the opening today started to regain th losses -scarred la yestssday's sharp decUae. ....... .. . .. . -.- . Nearly ' every stock en the board ope sad above the ejose, and some of the- industrial snd other leaders showed sdvance of several points witnls the first boor, r k -. , . ; J. P. Morgan's resorted, statement that peace is yet immature and- rumors that peace tan la semg circulated by th sines for the purpose ef paving the way for further loans, were the two aalieat factors is this morning' a trading. . - . ... -. -v : While the galas recorded is today's early market were large. It was still apparent that prices will bar to boom much more before their, former po!tk are attained. The fact that tbe present market Is limited and narrow are conceded have been con tributing factors to tbe downward - saqsV loent.. As trading rogressd today 'some of the large dealers began taking -profits, and Irregularity naturally set in. The rails were not uorrsally active la the opening, bat prices sere firs. to. higher. United States Bteel opened 1 po-at up at 85, aad was heavily traded la. . .;" The copper stock were ' in good' demand. Butte a Superior and Utah Copper were the leader In the metal list. .' Industrial stocks were sp several point over yesterday's figure during the opening boor. Mexican -Petroleum started at 111, against tiis ctose yesterday at 1074, - Profee-rlOB-Ua Start Faxing. New York, March 21 (U. P.) The 'New York Evening Sun's financial review today ssld: . With resumption ot bu.fos, profioaals started repairing the- damage yesterday peace dlscus-lun occasioned. Under active short covering snd aggressive pool buying, price rallied sharply st the outset. War stocks aad Industrials reflected the greatest gain. American Zinc, Crucible Steel, Baldwin Lo oomoUve, Industrial Alcohol and Mexican Pe troleum opened ls2SH points higher. Thsir recovery eld net appear to be a reflection of tht public atate ot mind. Dealing war pro. fesaloaal sad after some Issues declined. - Thoagh. leading railroad- hardened la sym pathy twith the general upward torn, re cover lea were limited and tbe inactivity of tht gtoup accentuated. Prices, while irregular, held some recoveries la the early -ftsrnown. Range of New York price furnished by Over beck A- Cook Co. -1617 Board ef Xrade building: - -mUx,Blr"HUft 1 Open 1 tllgni wOWCloe Alaska o 191 1 29 0 78 76)4 Allla Chalmcre, e 81 WW 81 79 Aiua vnaimera, pi. . . American Beet Sua--r. iV si A merlc--ni ,(Jan, e bo l4i 62 . ...lli 09)4 imiiuia ma, pi. Aurarican Car fdy.. c. 70 704 Auiericaa Cotton 4ii, c IBS 65H A-MtriCSa lUUMKrd oil Antcruaa ujvu., c... American smelter, c. Amerlc-11 emelter, of I -ial n ia--,l 111. 1I12 112 ll2 IliuHllloKfiloviilio 4-)Sl-w5ill-ll-SI Aiueriutu bugar, c... Am. 'lei. a lei Amarlcas Woolea, c. Aj,aoouaa Mia-ug Co Atchlaoa, c Atcnisun, pf.. ........ Baldwin Lucov e Baluwlu Loco., pf.... Baiumofa Ohio, c. iteihichem Steel, c. . Brooklyn R. X Calif. PeUoleui-, e. .. Ualif Pctroutuin, pf m m I oi ei- I OoVkl M llo.tailo.Wl04 , 109i108 1041. Sa'il'eiw 884. OUO IOUO 1604 i... aa.i 24 .acaaisa racuic, . -wdftlloo vcuum w, V . . Oeotral Leather, pf.... Chesapeake t Uiuu.... Col. aa U. W., c UU. ti. W., pf C, 11. 8C X. ....... Chi. N. W., 0...... Chlno Copper. Coauraoo A I., .. Consolidated Gas Corn Prod-eta, c Corn Products, pr. . . . Crucible Steal, c Crucible Steel, pf leuvr a M. U., .. .. Denver a hi. G., pf... Disuiiers krle, c. ............. krw, 1st pf General Electric;..:... Oeuerar atocorsr. . . .-I .'. Uwvorlch Rubber OOiwI B-iSl M 93 92V, 8 S" 17 41 484 484 7 lit 62 168 10O J10( 73 45 va 784 U- Northers Ore Lands G. northern, pf...;.-. Ouggeuhelm lutp....i. Hlue a Leather, e.... Uloe Leather, pf Ice Securities Illinois Central Industrial Alcohol lusuiraiiua v ........... lDtK-rboro, c. lnterboro, pfd. ....... Kansas city ttouth., e. Lackawaana Stoel. Lehigh Valley .. Louisville Mas-Till. Mexican Petroleum.... 12- 104 1104 JUilMilwO ( Hit 2d -Hil 81 79 I 79 7841 79Vk imi-4 Ullfe 107 Miami Copper......... M. K. a T., c. ........ M. kC a T., pfd Miswourl Paciijc. NaUonal Biscuit National ImuI - Nevada CJonsT... ...... New Haven sii, lo New York Air Brake., New York Centra-... N. Y., Ont. W...... Norfolk W., C...... Pacific Mall Pennsylvania Hallway. People Gas Pitt burg Coal, e Pressed Steel Oar, e. . Pressed Steel Oar, pfd Ray Cona. Copper.... Railway Steel Spring Reading, e Reading. 2d pfd 104Vs104 23H 8 Republic La 8., .. 62 624 62 Repablle x. m a, pr. 100 10914 Rock I aland 11, 16 Rock Island, ptd... BtPdebaker, c. . . . . . Sloe Sheffield Southern Pacific. .. Southern Ry c . . Southern Ry., pfd. . Tenn. -Copper ...... fries Oil ......... Texas Pacific ..... Third Avenne ..... Union Pacific, e... Union Pacific, pfd. U. S. Rubber, e.... 14044 D7 7v 21 Vi 50 65 1. 8 2114 B2-2 190 A 7 1 12814 SZH B2 TJ. S. Robber, pfd..,. J V. b. Steel uo., e V. S. 8. steel Co., pfd. 83 86 14 116 117 Utah uopper Virginia Chemical, .. W. U. Telegraph WeetinghonHe JBlectric Wl-ensia Ontral 8-ts 62 sot. 89H 54 Tbe market closed weak. PORTLAND FIRE RECORD t w-oaday. - . v - 4:20 p. m. Ford Motorcar company, 481 East Eleventh street, explosion in gse even; slight damage. . .Tuesday.. -. - No tires. ' -. Wnen wrttl.g'Tjr csttlnf on sdtei Hasit, pless mention . The JournsL . Adv.) 17 VEN though you do noldeal in large ' 1 sums of money, a bank account es- ' -tablishes your "credit, provides a. safe place for your, cash and systematizes f fyour business dealings. 1 Open an aov';:: ": count; with . ys, we will welcome;; it .; S: whether itis large or small. v;! : TKe First National ' oi Portland. Oregon v . C: 5? Capital and Surplus - - - $3,50O,O0Q Financial, Industrial, Development Three Blore National Banks In Territory - TributAry to, Portland Will Change to State Institutions Seattle's Claim -of HaTlng Depository with largest Deposits Disproved. -roar wfattonal Banks Chaartns; ta Btats Baakay In addition to-the Bene ton County National bank, of which mention was made In these columns some time ago, which changed from a national to a state bank, three other banks in the territory tributary to Portland are in process of taking tbe same step. One is a Washington bank, tbe other banks are west of the Cas cades. Public announcement of the changes will be made as soon as' of ficial sanction from both tha Wash Inxton and the atate banking depart ments is received that they may do so. In the ease of the Benton county National bank two principal reasons were given. One was that it desired to enae 111 iou .111a v wu . tate to an extent not allowed under its national charter, so that it might bet ter serve its clientele. The second was that it did not care to continue longer nnder a system which exacted tne making of so many expensive reports aad conducting so many different In vestigations, Official reasons for tha three re maining' banks making -the changes have not been received. In two cases the shanc: will result In the union of a atate and a national . bank and the taking up of the state charter, In the third case a national and state In stitution, owned by the same Set of stockholders, will take over the charter of ther stats bank. ------ Portland bankers are much Inter ested In the proposed changes, and are awaiting official announcement of the action to be taken. ' Portland Bank T-arge. ta Pacific HoTt-wost I n reviewing the report of the condition of the banks of that city, the Seattle Post-Intelligencer boasts that Seattle has th distinction of hav ing the bank with the largest deposits of. any Dank in the Pacific northwest, It says: Not content with leading the north west In totaP deposits, Seattle also has the first tank in rank of total depos its. The Seattle National bank iea"ds all northwestern banke with tbe total deposits of $15,699,642.70. - That this claim is an egregious error, and that the First National bank of Portland has led all the other banks of the Pacific northwest for the past two years, might easily havt. been as certained by the writer if he had con sulted the returns made by the Port land banks. Since the consolidation of the com mercial deposits of ths -Security Na tional bank and the First' National bank under the latter name, two years ago in July, the deposits ot the First National bank have never been below $17,000,000, and at the latest call of March 7, 1916. they were $18,661,111.88. This is practically $3,000,000 greater than the deposits of the Seattle bank which nearest approaches it in slxe. ' ShlUpplne Bonos XTe Obligation of United Btatese This column has con tained from time to time several ref erences to the campaign being carried on by the national bank section of the American Bankers' association to have congress provide for some form of guarantee of payment for ths out standing issues ot Philippine bonds la case the islands are granted their in dependence. The bankers have beld that while these bonds are not a direct obligation of tha United States ths TTnited States is morally responsible 450""f6r "their payment. The issues were put out under the' sanction' of the United States both as to their amount, form and legality, and that because of all these conditions they., have been re ceived by the investing, public as prac tical obligations of the United States. They are acceptable to the govern ment for security Tor banks receiving postal 'savings deposit a fntervisws with local bankers ay favored tbe same point of view. In order to get a more definite idea of ths point of view of the members of congress Ths Journal asked its Wash ington correspondent to mak a spe cial report on th. subject. ' Senate Oommittse Takes Opposite Point of View. The report of the Washington bureau of The Journal says: . "While the insular affairs commit tee of the house, in charge of the Philippine bill, has received numerous protests from bankers because it fails to contain any provision for support ing Philippine bonds as obligations of the United Btates, that view has not impreesed the committee, and Chair man Jones has been directed to re port the bill to the house just ss it came from the senate." "Tha bankers are mistaken aa te thf United States having any moral obli gation in connection with these bonds," says Mr. Jones. "1 was a member of this committee when these bonds were authorised, and remember Jthe circum stances quite clearly. Besides, it is all a matter of record In bearings beld at that time," ' Messrs. Taft and Boot Oppose Idea. "Elihu Boot was secretary of war and William IL Taft Was governor of tb Philippines," asssrted Chslrman Jones. "Both appeared before tb committee . aad testified. Mr. Boot stated it was not necessary to mak i . .' ... .sssssssssssa Stocks. Bonds. Cotton, Orata. Bta 81S-S17 Board f TrwU BsUwdfag. DIRECT PRIVATE WIRES TO ALL EXCHANGES wi.MiOrfa COlcaco Board of Trad-i Corrsspondance ef Logan Jk Bryas .. y Chicaca. New Terk. - , 1 ftverbeck & Cooke Co I' these bonds obligations ef ths United States. . -: - - "Ha Taft informed us he had con ferred with bankers In New Tork who had already made arrangements' - to float tits bonds. He said that it they made obligations of -this government a lower rata of Interest could' be ob tained, and the bankers took that Into consideration. The bonds ware Issued at 4 per cent, and would have com manded a. very. large premium had this government obligated Itself In the matter." - .- .Present Zssneg to Be Setirs-U "Seven millions ef. the Philippine bonds were Issued to provide money for buying th friars lands," j ex- iicuuca ia cnsirman ot me . stnsi - committee. "These lends war con-1 sidered ample security, and money re ceived from sales ef these lands have been covered into a fund for redsmp tlon. About halt the sum needed to redeem the bonds has been received. : "The other tea. millions were sold -for general improvement. The pre ent Philippine bill authorises an in crease in the debt limit, and it- ts proposed to issue new bonds -and "re tire the present issue. If th bill passes, this will be -done before the - TT.U.jt af.- .,fw K l.t.Nllrf - . t wwivm, duii. uil. Mn .mtm www, - ' . - --- : . "The government," said Chairman Jones, "has taken the position that it: was no mors bound to guarantee such bonds than to do so in the case of . Oregon or any state of the union; no more so than Oregon is obligated to , stand behind the city bonds of Port- land, although the states may Impose a .limit on th total issus of their cities. "From these facts-it will be seen that there Is no good foundation for claiming that these bonds are moral obligations or the United States. The committee haa carefully considered th facts, and could rsasonably reach no other conclusion," , ; ' Driven by a. smsll electric motor a machine which takes up only about a square floor of desk room, has been been Invented that multiplies and di vides as well as adds and .-abstracts. ynopais ef the Assusl Stoismsst sf tbe MAVVHZrJ- ttSTRAirCB CO. of Mannheim, In tb empire of Oerrassy, es tb 81st day of December, 1916, made to tb uaarance commissioner of tht itat of Oregon, pursuant to law: ,.- OAirrAt. - AmoUBt of capital paid up'. . ,.$ 200,000.00 XVOOKX. Net premiums received dirrlog the year $ 3,188,12169, Interest, dividends, and rent re- . celved daring the year -4,688 09 Income from other source r . ' celved nuring tb year 63,031.29 ToUt isenne 125T,TM.0$ piSBTjisyrinrTB, Net toss paid daring the rear $ 1,S0.277.94 Ot-mmissloris aad aalaria paid - - - during the year. . 507,979.58 Tiie. llceoaet, end feet paid during the yef .............. $.9T0.tl Amount ot all other expeadttures. . . 179.01 4-1 f Total expenditure ..... .$ 2,0! 6,241 JH ASSETS. Vitas of ttork and boud owsed (market value)... $ Bills receivable Cash la bank Sad os hand 63.sm.oo 4.3U3.53 . 28.662.06 rremiama in eoare ot collection , written sine September SO, 1918 ..C. .......... v.-.;..... 401.1M.1S Philippine eViywwK-fer' benefit f ' ail u. a. policy homers, Interest and -rest- do sad . crued 60,0O0.Ot 148.l Total aaast ......,...........$ 1.48T.S3S.9S Leas special depsslt la ny Ut (if any there b)...... -. - S.S71 JS Total asssts sdalttad 'Or-.':"".- " 1 goa ............ ,.........$ 1.477,961,0$ . t-ABtimM. 4 Cross elslms for losses sntld..$ -88,701.40 Amottst of ooearnad premlsm es ' all outstanding risks ........ 480,062.99 Doe for cos-stsaiou and broker. . - ' - sge ., v - S.nvS.OB' - kY other UabiliUss ............ eSW-00 "Total liabilltle, exelualv of J deooait eaottal of 1200,000 .$777,850.46; Total premluroa is force Decern- . . .2 . ber 81, 1916., $ 14.SS-.40 ' Btrirnsi nr oreoov ros na tzas. a Total iaaaranca written daring J the year..... i $ 41-.S97-CS , um nremlnmw mm nalved durlna . the fear, 8,97$.3 ysUf a 4 wo S 4 e W-r4.8X . Loeaeg paid during th year..... -,Mt.S4 ' Loawe incurred daring ths ystr. . r 021 $8 Total amount of lnsursnee out- v - ataading ia uregoa veoamoer ' ,$1, 1915 S0.7M4r9 By P. HEBRMANN, C. . Manager. I SUtntcry ridst gArl sgest snd sttorsey-, for ervice: J. S. WAUU v One of the Member of th rira of y, Herr mans A Co., U. S- 3!Bger. tf. KIRK HAH SMITH. ; , Lewts Bulldlog. PortlaDd, Oregos. Synopsis f the Aaaaal SUtesBeat of . TXZ ZOwTTaaXS LTTX ABgmiACI S0-. : : CIZTY OI TH1 BTnTID STAXtS. - Of tbe City of New York, la the State of New X or a, oa the si t say or. tmcemDer, wis, sde to the Insurance Commlsasoner of the SUto oi Oregon, pursoaat to law i j, : ' , - CAPITAL ' ' - " ' - Aaieaat of capital stork paid up. 9 100,O0OX - '; j- - - nrcoB-C . TWal premtom Income......... $ 5o,013,$61.S Utereat, Slvtde-ds ssd rests re i ' celved during tb year..,,... 34.899,400.41 Inoom from othea source t. . - wived during the'yw. XIT5,542.9y; Total iacom. ,,.,...,.$ 84,tS0,810iXf DlSSTrSX3rjrTS, Paid for Insets, eedowmeata, an- - nattie snd surrender valne. .$ 46,0-6, 8TS.247 Dlvidand paid to pelley holders ' during tie yr-rV.VT;........ 12446,014- tnvidends paid oa rapitai stock during th year. ............. Commission and salarie paid during the year......... Tat, license ssd fees paid daring the year.............. Amount ef U other exrndltaraa f ,000.0 8,821,791.00 i,i82,sne.i' S.69.4374r ToUl e.ne-ditltrS. ......... t 71,522,2-2.-4 .f -. - - .;-ASSZTS. ' - - -terket vstoe of real estate owned' ..... .v . . ? 17,447,638-0 Market f;vIe ef; stocks sn sv. bonds owned. .. , . 299,319,830.37 Loss es mar lata and ooliat- ral,'te. 109.06.K8J8t kv-.ll.-- . . - . mT nfkt ssttsl -bVS- . Cash in bank and oa hand ..... U,6.66-.83 bet uncollected . and deferred " piZitiitnsB j v StvWl.le4M.8W. - Other asset (net). S.707.94IJ4 Total swets. $S47.2-8,fr6SJ9- necial denosita- la soy stats (If say there bol 2-S.S3-.7S- ' Total ssstts sdstlttsd is Ore- go $54,96l412,d Net reserve.. ..?Vt7.T7, .7TT.,. $448. 688.1 tT.SOr Total , policy elalme unpaid .oa,TtX. ' All other Ue-llltlee,,.... s,ta.-on.Xf Totaf UsblSMes, cht1 of'- -capital atock of $100,000.00 - : end surptns sad dividend - fund ............ i... ......aos,aus,w-i Total insurance to fores -Decern- bet 81, 191. ......... i. ,. ..$l.--0,S8.Ow.00 BTTSnf-SS ZB OBXOOsT TO. TES T-UVX. Total- ktsarasos writts -rrag ; - f the year . ,.S 1,21828.00 -Oroas premiums received daring . j ... the year.. ....,.. 258.038.CT Losses paid daring the yr.. " . llS9T.Tr Lor toewrred during the year.- . . l.-7.'' Total amnnt of Insuraaes oot- ; , , 5 - etaad!ne la Oregos - Deeemba - - , ' 31. . 19U,. v r ..7,-50.6o6.0ff Itood"-e, Wbject't''. s-tortlsatloB ssd stocks t market nootaUoo. -ether bosds- s -smortlsed ealua. - , - " - i THZ EQUITABLE Lint ASTTAlfCl SO CIXIT Of XKX USITiD 8TATZS. .-r; - ? ; : By ioa. b. ij. sues. - Vies Pivwldeat, -Statatery realdent general agent snd attorney ' -lor ssrvlce; SDQAR W. SMITH. y . . - " . PortlaDd, Oregos. . 1.