The Oregon daily journal. (Portland, Or.) 1902-1972, March 26, 1916, Page 22, Image 22

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    THE ; OREGON i SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING,: MARCH " 26. y 1916.
IN
NORTHWEST
Edited by
Hyman H. Cohen
E CARRYOVER IS
BEARISH FACTOR IN
SITUATION IN WHEAT
World Haa Big Surplus On Hand
and Despite Tad Crop Report
-the Sitnation Is Not Good Lifc
, i" 'tie Trading la the Northwest.
" t . - . " .. .'
While the general tendency of the
; heat market 'Wt depressed during
i the week, prlca changes in the Fort
it land market were of limited size.
I The foreign situation was the dom--fnatiiir
factor in the wheat trade of
'the , world generally. European inter
ests were- resellers of cargoes at Lon
don, and this generally caused lower
price for both spot and cargo offer
ings. while the damage reports from the
V American fields and the generally less
favorable condition of the world's
coming crop would Indicate a bullish
situation, still the grain trade in gen
eral teas in plain sight of it all the time
the fact that the world is today carry
ing the greatest supply of wheat un
consumed in its history.
- Oats and barlev markets were of ex-
tremely limited character at home dur
ing the weeK.
- r LWL'B Utn price: Patent. $5.20: Wil
lamette valley. $3.20; local strata-lit, $4.609
$ CO; baker,' local, $4,804(5.20; Montana eprtng
wheat, $0.10; export,. $4-5Ge4.70; wbo)
abeat. $a.Uo; graham. $3.40; rye (lour. $0.95
per barrel.
' HAT Bujing prices Willamette valley tim
othy, fancy. $16.00; eastern OregoB-Idabo
' fancy timothy. $18.00; alfalfa. $20.00021.00;
vetch and oats. $13.0O4l0.u0; clover, $13.60
14.00.
UHAIN SACKS 1916 nominal: No. 1 Cat
ectta. X'HWtUc la car lota; leas amoants are
higher, v
MILLSTTJFFS Bellies; price, carload lota;
. Bran. $&i.u0; aborts. $25 iO.
. ItOIXKD OATS $0.&Oij0.73 per barrel,
v KOLI.KO HAHLEY 31.3Oi32.00 per ton.
. Merchants excbaDge Marcb pricea;
. WHEAT
Tburs. Wed
Sat.- Friday.
; Blnettem
m i3
rortyfold
8s 86
,aue
80 83
Bed f Ife
66 S3
Bed Hasaiao
- 83 S3
'H6
S3
84
83
82
96
88
84
84
400
2300
2700
Bran
3030. 2075
KUirta
2200 - 2250
KKKD OATS
2423 2375
KEKD BAKLET.
2730 K0
MILLSTUFTB
Tups.
99
87
88
S3
- 83
237S
Mod.
97
89
83
87
2700 . 2S0O
2075 2075 2073 2075
2230
2230
'futures were quoted:
WHEAT
2250
2H0C
BEARISH
NEWS
IS A
QUIETING
FACTOR
WHEAT AT CHICAGO
- -- - .,
Indifferent Attitude of . Foreign
Markets Daring Day Give Chi
cago little Chance for' Action
Grain Is Absorbed Well.. 1
Bid.
. 9
. 87
. a
. ss
. 87
Ask.
100
loii
eo
92
M
81
93
94
94
94
2500
2doO
2230
2230
2460
2130
April blnestem
May btueetem
April fortfold ,
Way fortyfold
April club ,
May club K7 .
- April red fife tl
aiar reo rue so
April Uusaian 83
- Xlay Buaaian 83
OATS
I April 2375
Uay , 2iKX
' ' ' FEED BARLEY
Apm 2700
Hay. 2300
w MIIXSTCFF3
April bran 2100
: May braa 213j
April abort iCSO
stay aborts 153
Wool Contracting Is
. Stopped in the West
Boston, Mass., March 25. The wool
market made a moderate rally in vol-
time this week, total sales being 4.000.-
- 000 pounds and there was the heaviest
business In pulled B supers since the
. beginning of lat year. Contracting
In the west is at a standstill because
; of what Boston buyers regard as ex
alted ideas On the part of the grow
ers. It Is likely that little more will
be done till shearing time.
Foreign markets continue firm with
: London closed. Cleanup sales are be
' ing held in Australia with prices firm,
- Englarid competing with the United
: States there. New Zealand cross-
- breeds have advanced despite a big
arrival.
; A million pounds of South Ameri
: can wools have been sold during the
week at 40 to 45 cents. New contracts
' have been " placed during Nevada
-shearing on a clean basis of 70 to 72
cents. No further mill buying baa been
done In Washington and Oregorf, three
- Quarters of the teritory wool unsold
here January 1 having been sold since
then. Sales during the Week have
been 500,000 pounds, mostly floe
Montana, 80 cents clean. The boom In
B supers was due to expectation of
government orders for uniform cloth.
Arrivals during the week were
4.E32.413 pounds domestic and t,630,
003 foreign.
Wenatchee Shipping
. Interests Waiting
Wenatchee. Wash., March 26. Lit
tle of the enormous fruit tonnage an-
ticlpated this fall In the WenatcKee
district has been signed up to sell
iner "agencies or shippers The grbw
ers are awaiting the finaj returns of
the organizations that handled the 1916
crop to obtain a basis of comparison
of the efficiency of the different mar
keting systems used.
However, Judging from the over
Whelming sentiment existent in ail
parts of the district, the shipper who
is in a position to operate on a cash
or strict f. o. b. basis will have no
difficulty in securing all the tonnage
desired.
. Becogniiing this sentiment, which
amounts to almost a demand, the ship
. pers are framing their contracts to
ward that end. Even houses that here
tofore have operated on a strict con
signment basis are planning to insert
a clause which would permit the
grower to break the contract and sell
for cash.
- Bank Statement.
- New York. March 25. (I. N. S.
The weekly statement or ths New
York city clearing-house banks shows
- the following changes:
Average Loans, decrease. 14.104.060:
demand deposits, decrease, $11,758,000;
time- deposits. Increase, $1,623,000; re
serve, decrease, $3,201,000.
Actual Loans, decrease, $9,658,000;
net demand deposits, decrease. $30,821
000; time deposits, increase, 14,047,000;
reserve, decrease. Ti7.iz,3.iw.
J ? Wheat In Bnlfcv
Wenatchee. Wasb :, "March 25.
Wheat ranchers oC the Badger moun
tain district, Douglas county, who
- grow more than 600,006 bushels annu-
- : aily, are vconshlerlng seriously the ad
: visability of handling their wheat this
fall in bnitc-Decause or me nign price
and scarcity or sacks.
Chicago, March 25. CI. N. S.
Many factors operated for a weaker
tone In wheat at the Opening of the
pit today. Rains in the southwest
where needed. Indifferent foreign ca
bles and the reduction of the short
interest on yesterday's late bulge all
played a part in the lower movement
Absorption was of On improved nature,
however, and at the close of the first
hour of trading prices had scored frac
tional gains over the opening in all
options.
It was. argued today that while re
cent declines in ocean freight ratee
have had a bearish effect on foreign
values, -this - factor should tend -to
strengthen prices on this side, because
it will mean a more rapid outgo for
our large surplus, of old wheat. Com
mission houses were buying July wheat
on the recessions.
Coi n and oats evidenced a large out
side demand during the course of
trading, and- while prices were more
or less irregular, the general .4one was
more satisfactory to the bull element.
The sentiment In most quarters fa
vored bulge sales, as apparently there
is no change in the supply and demand
situation. Some of the professionals
took the position that oats have not
seen the end of present liquidation, and
naturally advocated profit-taking on
the upturn.
Rang of Chicago pricea furnlabed by orer
beck a Cooke Co., 210-1.17 Board of Trade
building:
May
July
Eept.
May
July
Sept.
May
July
Sept.
May
July
May
J my
bept.
Mey
July
WHEAT
Open. High. Low. ICoae.
1084 109 107i 10SA
lOCVj 107 105 106A
104 103H 104 104 ;B
coax
72'4 72 1 72A
78 74 73H 74 '
TSVa 74 73 73T4
OATS
...... '42 4314 42 42B
41 42$ 414 41
38 3 3y SO B
PORK
2280, 2290 2277 2290
2275 2273 2265 2277 A
LARD
1150 1152 1145 1152
1175 1177 1170 1177
1197 1197 11U2 11S7
RIBS
1200 1207 1197 1207
1220 1227 1215 1225
GBAIN-PLANTING IS DELAYED "IN
NORTHWEST BUT OUTLOOK IS GOOD
Winter Wheat Acreage It Lest In Practical! j' All Sections Than a
Year Ago, and' Some Winter Killing Is Reported Gen
end Conditions Are- Favorable
Delayed spring seeding and a de
creased . winter planting are generally
reported from Pacific northwest grain
sections. The crops . in general look
good. In some vaectlons the winter
killing has been above the normal but
the situation is not serious.
The best factor noted is that there
is seemingly an abundance jof mois
ture in the ground to carry the crops
forward in good shape.
More oats ana naney will te planted
this spring than normal because of
the "decreased winter wheat planting.
Brief reports received from some of
the leading Pacific northwest grain
sections snow:
- OREGON.
Weston Farmers have started soring
seeding: heavv recent rains have done
considerable damage to field, washing
out some of the wheat, Reseeding nec
essary in places.
Independence Crops have wintered
well and have made satisfactory
growth.
Shedd Winter wheat and hay con
dition good, barley and oats fair.
Heppner Wheat sown last fall up
and looking well. Spring wheat now
being sown. Considerable spring bar
ley will be sown.
conaon At this time winter wheat
is the only crop sown. Soil in splen
did condition on account of plenty of
moisture. -
McMinnvllle Owing to drv season
last fall small acreage sown. Condi
tion good on what is sown.
Pendleton A aood suddIv of mois
ture with a large acreage in grain: a
little more seasonable weather would
make conditions look very good.
Freewater Considerable spring
seeding to be done and season is a
little late. Winter wheat -condition
95per cent.
The Dalles All fall sown wheat
came through the winter in fine form;
none irozen out. tnere is more mois
ture in the ground than for ten years,
making prospects for the spring plant
in e- excellent.
Baker Very little fall wheat sown:
spring seeding has been delayed.
Springfield Last fall was so wet
WALL STREET HAS A
WAITING ATIHUDE IN
THE ST
OCK
MARKET
that farmers did not get much plow
ing done. Most of the land will be
seeded to spring grain. General out
look is good.
Stayton Winter wheat and oats are
good: nrlnar grain lust beine sown.
Perrydale Farmers are Just catch-
lng up with delayed spring wort.
Athena All grain crops indicate 100
per cent; plenty of moisture, in the
ground and weather conditions ideal.
WASHINGTON.
Walla Walla Winter wheal is in
good condition; little sowing of spring
wheat yet. Some few weeds In fall
wheat but not enough up yet to cause
any damage.
Kahlotus More of winter wheat
seeded last fall than -usual was winter
killed; farmers reseeding. Conditions
for spring wheat good.
Colfax Fall wheat came through
the winter In good shape; farmers are
just sowing spring grain. Conditions
good.
Prescott - Spring seeding very late.
Winter wheat condition is. average.
Tekoa Winter wheat condition
good; sprinar seeding late.
Asotin Plenty of . moisture in
ground; winter wheat condition 5 per
per cent above average; spring wheat
and barley 10 per cent above.
Spokane Moisture conditions good;
all conditions are favorable except
small seed -of winter wheat.
Garfield 8eems to be no indications
of frozen out wheat; plenty of moisture
to start .both the winter and spring
crops off in good shape. '
Huntaville Although recent rains
have washed out furrows on hillsides,
winter wheat has come through the
winter well. Owing to abundant mois
ture prospects are on the whole good.
IDAHO.
Lewlston Season is very late; little
spring work done. Last year at this
time grain fields were green. Acreage
of fall wheat is about 50 per cent com
pared with last year. Winter wheat
condition 95 per cent.
Caldwell Winter wheat came
through very good. Ground Condition
satisfactory for spring grain, which is
now planting.
Barley More Than Nominal Mar
ket . Shown for Shares During
Session , of yesterday Irregu
larity,! Shown at Start.
New York. March 25. U. P.
The New York Evening Sun's finan
cial review today said: ,
Wall Street continued Its waiting at
titude and barely more than a nomi
nal market prevailed. No new 1 fea
tures entered Into speculative consid
erations, but uncertainty with regard
to Mexico and the European situation
continued. Traders were not Inclined
to : Increase their commitments over
Sunday.' First prices changed irregu
larly within a narrow range. Although
Steel, Southern Pacific and a few
others opened lower, the market as a
whole showed there was no clearly
defined tendency early in the day.
The first hour's heaviness was ac
centuated In the closing half of the
session when war stocks and spe
cialties declined. .Railways and stand
ard Industrials reacted fractionally.
The torpedoing of the Englishman and
other recent German submarine blows
occasioned some apprehension regard
ing the diplomatic situation.
Range of New York prices turnigbed by
Orerbeck A Cooke Co., 216-217 Board of Trade
biilkllrg:
uUfcau-iioN
1 Opni Hlthi !.owi01o
Jug
STANFIELD CLAIMS SHEEP BUSINESS
One of Every Ten
Eggs Is Cracked
One Out of every 10 eggs gets
cracked or mashed or becomes a leaker
between the hen and the consumer, ac
cording to careful estimates. Nearly
two out of every 10 damaged eggs are
so badly mashed that they are useless
for food purposes. The other eight
eggs get light cracks. It is estimated
that last year cracked eggs caused a
loss of $881,000 id 45 egg cold-storage
plants which reported noidings.
Jt costs onlv 10 cents a case in the
producing sections to grade and pack
cases properly.
Sow to Preveat Cracks.
(1) Use only new. strong, standard
egg cases, having 6. or, better. 6. 3-
penny, cement-coated nails at each
joint. See that the partition is exactly
in the center.
(2) Use "medium," "3-pound," or
"No. 1" fillers and flats. The "3
pound" filler gives general satisfac
tion. Be sure that they are new, and
that the tips are not bent or softened.
At least five times as many eggs break
in fillers that have been used as when
they are new and firm.
(S) Never fail to put excelsior, cork
shavings, or the little "quarter filler"
ia the bottom of the case so than the
eggs will have an even cushion under
them; and be sure to spread excelsior
evenly and plentifully over the top
flat, or put in a corrugated board in
place of the excelsior. The top layer
has generally twice as many eggs
broken in transit as has any other
I layer in me tase.
.41 t?a our. th. MA la mit nn th. rasp
so that it fits and is on straight. In
nailing the lid down see that the 3
penny, cement coated nails all take
hold and go squarely into the wood.
Use six of them at each end.
Will Explore for
The Halibut Banks
Stanfield lays claim to the distinc
tion of being the largest sheep center
In the entire northwest, says the Stan
field Standard.
Conservative estimates of the num
ber of sheep fed around the busy little
city bear out these claims.
Jjuring the past year 65,000 head,
with a conservative value of $500,000,
were fed around Stanfield. Seen
thousand tons of feed were required
to feed this immense flock and hun
dreds of men were given employment
in taking care of the sheep.
R. N Stanfield is the largest opera
tor. During the past year his feed
pens at Stanfield received 10,000 mut
ton sheep and from 15.000 to 20,000
head of range eheep. One thousand
tons of barley, 1500 tons of screenings
and 1000 tons of hay have been used
by Mr. Stanfield In that time.
Other sheepmen and their estimated
flocks are as follows:
Frank Sloan 14,000
Pierson & Johnson 10,000
H, E. Bartholomew 4,000
J. T. Hoskins 3.000
J. C. Hoskins 1,200
Besides these, there, are numerous
other farmers and stockmen who have
small flocks fsheeo. In making
these estimatelreral large sheep
men who are in reality tributary to
Stanfield, but who live closer to other
small towns in the west end, have not
been Included.
LACK OF COOPERATION HURTS TRADE
trAxsfoktatiox
SAILS lus
? :: SAN fRANCISCO
Lo ' Anreles - Sari Die&d
Tuesday, March 28. 1:30 T. 1&,
Sa Fraactace. fortune a- Lea ancetae
Bteanrebta Ca. - f raak Bollaot. agu
L24 I KliD STXIIT. . A-469. Jtaia 34.
That it is the lack of cooperation
among fruitgrowers that has demor
alized the markets is the opinion of the
Medford Sun, which says:
"The essential trouble with the fruit
situation in the northwest is, in our
opinion, the lack of a cooperative
spirit. -
"Instead of working for the good of
the Industry as a whole, the average
fruitgrower is blindly working for
what he conceives to be his own selfish
interest.
"If Mr. Jones thinks he can make
a few cents more a box by selling out
side the organization, he will do it.
even though the practice may nullify
the association's efforts, and the ex-
ample-demoralize the entire industrv
"Before the fruit business cpn be a
permanent success, the frultgiowers
must not only get a clearer conception
of the welfare of the Industry as a
whole, nut must attain that enliaht
ened self interest which demands that
the welfare of the growers must in
variably be considered .before the self
ish and temporary benefit of any single
grower.
"When Fruitgrower Smith, for ex
ample, afeks first what is best for the
apple and pear business, and ttccond,
what Is best for Smith, then the fruit
business of the northwest will be on
the way "to permanent prosperity and
development, and not before.'
RISE IN RAG PRICES BOOSTS WOOLENS
Port Orford parties have completed
arrangements to engage In deep sea
fishing at Port Orford during the summer-
months Thfv will use lona set
lines, and will ship their fish to the
Coos county market. Good grounds are
known for ling, rea iisn, ana uiner
familiar species, but while occasional
halibut have been caught,- very little
of f nrt hna AVer been made to locate a
bank and this Is one of the things that
the boys say that tney are going to in
vestigate very thoroughly. Early set
tlers say that the Indians would take
a big canoe and paddle out of sight of
land and Invariably come back with
halibut, which would indicate that
there is a bang somewnere on mu
coast.
Steady Growth for
Wheat During Week
Walla Walla, Wash.. March 25.
Wheat farmers of the Walla Walla
valley have been compelled to "rest
on their oars" for the greater part of
the past week, owing to continued wet
and stormy weather, which has put the
fields In such condition that plowing
and seeding could not be done success
fully. The rain that fell 8unday, Mon
day and Tuesday was general through,
out the wheat, belt, according to re
ports received here, and In some locali
ties the precipitation was so heavy
that much damage, was done In . the
field Fall sown grain has made a
Hteadv growth, and the four inches of
moisture In excess of the normal is
causing farmers generally to expect
one of the best crops grown In many
years.
Will Establish Distillery.
Dallas, Or., March 25. A number of
local men who are interested in a
tract of land east of this city, most
of which Is planted to apples and
prunes, - have begun the planting of
peppermint On 16 acres of low land.
JL distillery will be established In con
nection with a local factory and pep
permint oil extracted from the herb
raised. . If the experiment prove suc
cessful, more acreage will be planted
to peppermint and an -effort made.-to
interest neighboring farmers In doing
. iiaewise. -., ,
' W tfwheat Sale : limited, t
T Walla .Walla, Wash, Marclx 28.
Wheat - sale have been few during
tne past weea as quotations nave re
mained about the SO cent mark, consid
erably below- what the Walla Walla
wheat growers had decided upon as
the figure that would tempt them to
part with their holdings. . No sales of
any consequence have been reported.
The rag man is coming int his
own. Rags are scarce and much higher
due to the greater demand for cloth
ing materials. There is not. enough
wool produced in the world to supply
the needs of mills and rags or shoddy
are utilized in its place. This, there
fore, makes the advance in rag prices
of much importance to wool Interests.
A Yorkshire, England, paper says of
the situation in that country:
In normal times the British imports
of woolen rags amount to about 50.000
tons per annum, and It is almost a neg
ligible quantity that la not consigned
to the heavy woolen district. The quan
tity accruing from collections in the
United Kingdom would be difficult to
compute, but the average yearly ton
nage must be great, and it has been
increased considerably since the infla
tion of values caused by the war.
Since the outbreak or war values
have increased 200 to 400 per cent, and
they are now at such an artificial level
that some business men refrain from
speculative buying. Competition is ex
ceedingly keen, however, as must oe
the case when aemana exceeas suppiy.
War conditions have cut off the lib
eral consirnmenta which formerly
came from Germany, Russia, Austria,
Italy and North European countries.
while transport difficulties and other
factors have reduced Imports from the
United States our best source of sup
ply for many prewar years almost
to vanishing point Therefore, all de
scriptions of woolen rags are In strong
request, and the call for some is of
an unprecedented character.
Apart from a continually growing
scarcity all around there are special
causes for strong bidding. Owing to
the shortage and dearness of dyewares,
rags now have an exceptional "color
value." For the benefit of the unini
tiated it may be explained that fast
dyed rags of the right color and those
which can "be dyed at the least cost
are worth far more money than they
would be If anything approaching nor
mal quantities of aniline dyes were
obtainable. It frequently happens
that for the execution of an order to
which he is pledged or which he feels
Lbound to execute as a matter of good
a manuraciurer ieeis compelled
to secure at almost anv price raga
which possess or will contribute ma
terially to the color he needs. As a
consequence values are still going up,
and particularly in the case of small
lots. Purchases were made yesterday
at figures far in excess of the real
commercial value of the goods even at
this exceptional period.
WOULD INSPECT ALL DAIRY PRODUCTS
Alaska Gold...
Allla Chalmers,
Allls Chalmers,
American Beet Sugar.
American cao, c
American Can, pf
America Car Fay., e. .
American Cot. Oil. e. .
American Llnaeed, c. .
American Llnaaed, pf . .
American Loco., c...
American Smelter, c.
American Smelter, pf.
American Bugar, c
Am. Tel. a Tel
American Woolen, e...
Anaconda Mining Co..
Atchison, c
Atchison, pf
Baldwin Loco., c
Baldwin Loco., pf
Baltimore A Ohio, e...
Iiethlehem Steel, e....
Bethlebem Steel, pf
Brooklyn H. T
Calif. Petrolenm, c
Calif. Petrolenm, pf...
Canadian Pacific
Ceiitral Leather, c....
Central Leather pf....
Chesapeake a Ohio
CU. k a. W.. c
Cbi. & Q. W., pf....
t;.. M. a t. f
Cbi. 4 N. W., e
Cblno Copper
Colorado F. a I., e..
Consolidated Gas....
Cora Prodneta, c...
Corn Product, pf....
Crucible Bteel. c
Crucible Steel, pf
UcnTer & K G.t c.
Denrer a B. 0., pf
Plstillera
Erie, c
Erie, 1st pf
General Electric
General Motors
Goodrich Rubber
G. Northern, Ore Lands
U. Northern, pi. . . .
Guggenheim Exp...
Hide A Leather, r
Hide a Leather, pf
Ice Securities
Illinois Central
Industrial Alcohol..
Inspiration
Int. Harvester
isterboro, c
lijterboro, pfd . . . . .
Kansas City South., c. .
Lackawanna Steel
Lehigh Valley
Louisville a NashTllle.
Mexican Petroleum. . . .
Miami Copper
M., K. Y.. c
M.. K. a T-. pfd
Missouri Pacific
National Blacnlt
National Lead
Nevada Cons
Hew Haven
New York Air Brake..
New York Central
N. V, Ont. W
Norfolk It W-, c
Northern Pacific
Pacific Mall..
Pennsylvania Railway.
Peoples Gas
Pltteburc Coal .c
Pittsburs; Coal. pfd.
Pressed Steel Car. e
Pressed Steel Car, pfd.
Ray Cons. Copper
Railway Steel Spring;!.
Reading, c
Reading. 1st pfd
Reading, 2d pfd
Republic I. & 8.. e
Republic I. a 8., pfd..
Rock Island
Rock Island, pfd
Sears. Roebuck & Co...
Studebaker, c
Stndebaker. pfd
SIom Sheffield
Southern Pacific i.
Southern By., C......
Southern Br., pfd....
Tens. Copper
Texas Oil
Texas Pacific
Third Avenue
Union Pacific,
Union Pacific, pfd
U. 8. Bubber, c
U. S. Rubber, pfd....
V. B. Steel Co., e....
V, 8. Steel Co., pfd...
TJtab Copper
Virginia chemical, e..
W. V. Telegraph
WeatinghouM IClectriev.
Wisconsin central
Wool worth........
20
80
60"
28
101
112k
iio
130
103W
105
88,
85
22
168
55
ft
64
IS
88
94K
120
04
4
21
8ft 14
8
is"
63V
4S5
T6
44
122
21
10H
hi
154
T
110
1T
78
78
80
20H
30
a
eo"
45
79
101
112
110
130
01
&
103
105
88
88
lftS
So
64 '
13
38
044
127
64
4
.21
s
115
48
88
53
485
73
44
122
21
10
62
154
47
110
17
78
78
108
38
4
'6
17
106
122'
50
27
HIM
Representative J. Charles Linthicum
of Maryland has Introduced In the
house of representatives a resolution
requiring complete investigation of the
production and marketing of dairy pro
ducts. It is claimed that the pro
ducts are' produced and marketed
amidst unsanitary conditions. The res
olution, which was as. follows, was
referred to the committee on rules:
Whereas. It is reported oy the Bu
reau of animal Industry that 94.6 per
cent tit the creameries of the country
are insanitary to a greater or less de
gree; that 81.8 per cent or me cream
used is unclean or decomposed or both;
that 72.6 per cent of the cream Is not
pasteurized, but is .maae into Duster
to be consumed in' a raw state, in
which state disease germs retain their
virulence for a long period of time;
that a large percentage of all dairy
cattle are affected with tuberculosis,
and that infected dairy products are
among the active agents in the spread
of tuberculosis, typhoid - fever and
other Infectious diseases: and
Whereas, dairy products are the
most widely used of all human foods;
and whereas, .dairies and,; dairy pro
ducts are not subject to federal in
spection, so that there is a growing
sense of alarm among the consumers:
Therefore be it
Resolved, that th snanlcjir e -v.
house of representatives annoint a
committee of five members of the
house whose duty it shall be to in
vestigate and report as speedily as
practicable (a) - whether conditions
prevailing in dairies and dairy pro
ducts seriously menace the health
tnd property of the people of the
rnlted States; (b) whether federal in
spection and supervision, either alone
Or in cooperation with state and mu
nicipal Inspection and supervision is
necessary to the reasonable protec
tion of health and property of the
citisens of the United States: (c If
so, -then the best and most .economic
methods of inaugurating and Enforcing
such inspection and supervision.
- Second, that for the purpose of ful
filling Its functions said committee
is empowered to summon and examine
witnesses, enforce the production of
records, and to - do all other things
needful and lawful to accomplish its
purpose.
Resolved, further, that the expenses
Of said Inauirv nrl InvnaHniHA. .hnn
be paid out of the contingent fund of
the house upon vouchers approved y
flTmaLa of said committee, to be
iimwaflnrjij B. sVllalUie. f
Stanfield . Cattle Center.
Thousands of head of cattle " are
brought to Stanfield from all the ranges
in the United States each year to feed
upon alfalfa hay raised on irrigated
land here and plans recently madV by
the 6wift Packing company, of Chica
go, provide for feeding many more
thousand beef, cattle here during the
coming year. ? .
r Prospects for the aheep and cattle
business for the coming year are that
Stanfield will more strongly fortify
its claim as being one of the largest
livestock, if not the largest, center in
the-northwests. : -' i ;-:-i . ; , v
. .. ; ' Sngar and Ctte4j.l5v :'
Kew Tortt.'Kareh S3. TJ. P.)Suir, eea
trifnral. 5-T7. .-xr' - - u: -: -
Coffee Spot TTew Tert No. .T Blot, f!e;
Ke. Santos 10e, : '
. "Ban Francisco Grain Market.
.San. Francisco, March 26. (U P.) .
Wheal, Per cental California club,
11.66 01.72; northern club, nominal.
$1,724 1.75; bluestem, 1. 90(31.95;
Turkey red northjMTVl.HL6r red
ttuHian nominal, 4l.7UCPl.2a; fort
fold, $1.8001.85. . .
-Barley, per cental, tl.32 01.35;
oats, per cental, Red feed. 1 1.30 0
1.S7H; ditto, seed. 11.4001.50: north-
!e7J!ite " f-"8"i; black.
New York Cotton. Blarket. Q
" y ' - J Open. High. Low. Close.
January ......1232 1234 123t 123J
May.-..'.; .....1190 1181 : llifH0
juiy ...... v.. .lias, lzoa .1197 1301
October ....... .1211 ,' J 214 -. 1288;"' 121 J
December . . . , 1228 122J S 1221 1227
24
40
874
48 "
81
100
"
1
80
21
88
ie
7
134
83
82
110
84
00
60
4
68
17
20
29
71 "
61
6S
23
744
100
112,
110
130
01
85
103
103
'88
65
22
167'
64
a
37
04
1264
53
45
20
8'i
115
8
47
37
C2
480
44
122
21
10
153
47U
110
17
77
77
100
36
4
60
16
108
122
B6
27
104
4
40
88
43
51
109
IS
144
09 i
21
'53
180
T
134
88
62
110
85
81
48
"90
66
E
Nit
MARKET
FOR
FINANCE, I NDU STRY
AND TRADE REVIEWED
LIVESTOCK
IS
MASS
General mgh Pressure co&tl&ae.-
Telegraphic reports from the east in-
idlcate that the high pressure condi
i tiona In general trade are still tnaln
j tained. The same condition bold good,
'today as have prevailed for the past
several weeks. Tne political develop
ments have not affected the returns of
.the volume of' business- being done.
An excellent and impartial summary
t of trade conditions in the , Pacific
northwest is found in the reports sub
mitted bv the mercantile agencies and
Cattle and Sneep Reach New High which are found in the following para
Rnxt. m Xtmtt. Yst.l..lwf With t
wvv9 a, ja lu a wl wwu . at a-
OF
STRENGTH
HR
E
Substantial Gain - in Hogs All
lines Show Brpaller Rnns.
PORTLAND UVESTOCK RUN.
This meek..
Last week....
Prev. week..
Month ago...;
Year ago.....
2 years ago...
3 years ago...
Hogs Cattle Calves Sheep
7092
4948
8490
2653
4849
2526
1168
-1463
.836
1011
1738
1817
1360
65
0
160
1$
27
91
48
994
3978
2827
1107
1879
5558
2891
In general Jthis has been a most fa
vorable week for the gale of livestock
In the North Portland yards. Receipts
in all lines showed decreases from the
previous six -days and a somewhat bet
ter demand - generally the lifting of
values was comparatively easy.
The extreme shortage and strength
of the mutton and lamb trade here at
the moment , is the wonder of the mar
ket. All told there were receipts of
994 head of stuff in the mutton pens
during the week compared with 897S
head last week, but out of the total
number received here during the six
flays but eight head were for the open
market
Portland Business ' 1a expanding
slowly, helped by aeasonable weather
conditions and the revival of the lum
ber industry. . :
The demand for lumber Is incress
ing, and while trade was checked for
a time by scarcity of cars, the situa
tion is now being relieved. Export
lumber trade is still seriously nam
cered h the lack nf ocean vessels.
The opening of the Panama canal
next month, it Is hoped, will increase
tne avauaDie supply or tonnage.
The wheat shipping season is nearly
at an end. Unsold atock In the three
states Is estimated at 14,000.000 bush
els. Winter wheat acreage in the Pa
cific Northwest is estimated at about
30 per cent less than last year. The
spring acreage,' it is believed,' will be
about 15 per cent, larger,.
Flour prices this week declined an
other 0 cent a barrel. Domestic trade
is good. The only export business is
oy ran to the Atlantic coast for snip
ment to Europe. ,.
About 1,600,000 pounds of eastern
Oregon wool have been contracted for
at prices 3 to 4 cents over last year s.
The demand is strong, but the majority
of growers aak extreme prices;. Shear
ing win be tnree weeks later than
105
121
'66
27
104
23
80
45
109
17
141
08
Zl
'62
196
7
183
83
52
110
84
2o
in
7t
81
111
6
54
2314
44
74
100
"2
110
1S
S5
ion
100
107
88
4S
120
1-4
22
51
107
04 4
13
37 4
127
63
J.".
1?C
20
!6
M!
115
in
7
37
6
167
4SO
72
44
12
21
10
52
2S
103
153
474
110
17
72
20
77
77
122
1U6
36
4
10
4W
123
0
17
68 -
142
106
27
121
113
4
66
104
27 Si
104
53
102
:
39
86
4
43
01
109
17
175
141
111
56
08 '
21 r
KTi 1
52
196
7
61 H
183 1
Under SUCh nominal Offering It Was 1 uanal owlnir tn th hnnlrvard ftar.n
small wonder ,that the local trade id ! The sheep wintered very well and
rather excited, in its views regarding . lumhitur v,a hn hi.hiv .aH.hi.tnri.
the immediate future of mutton and Qo9it 8eaaon has started in the W.llam
lamb values. The highest , price thus t ette valley, but there is little eastern
far paid far lambs has been $10 per demand for mohsir. The market is
nurrarea pounas . ims was puia y" nominal at 31 cents.
the stock here and the shrinkage form- I Hob prices continue to advance de
ing a greater totaL For top lambs . Plte n et0b.aclt easr- ,an.d
iJl f. ,;. ... w Tmon have touched 9 cents. Local receipts
up of surplus ' stocks in the country.
Sheep and lambs are also advancing
eagerly bidding $10.50 but there is
seemlnelv Mtt1 In sight.
Ueoerai mutton ana jamo rr.ng
Choice weight lambs $ 10,50
uood to common tamr k.tojiu.w
Best wether -. 8.00
Good to common wetbera .SO0t.T5
Old wetbers 8.008.23
Chol'-a light ewes 7.75Sf 00
Good to com toon ewes 7 -0037.60
Cattle Beeches High Beoord.
Decreased offerings were shown in
rapidly, the latter reaching 10 cents,
and the cattle market is also higher.
Egg speculators are preparing for
record storage season and are m
operating on an 18 cent market.
Raw salmon prices have been fixed
by Columbia river union fishermen
and packers about a cent tolghi than
last year, 'ith water condition in
the cattle division of the North Port- 1 tntl iower Columbia satisfactory the
jauu " .uiuF.v " . largest pacx in tne nistory 01 uie in
82 4
62
110
84
118
49
V?
66
33
m121U2112t
81
45
65
and a vear aero.
Extreme demand was shown for ev
erything offered during the six days
and sharp substantial advances were
forced generally. Top pulp fed steers
dustry is expected, as more young fish
were put In four years ago than In
any previous year.
jTorthwest Conditions Macs Im
sold late in the week at $8.65 or a new , proTSd The following trade reports
hieh record for the month of March
Other offerings sold at proportionate
advances over last week.
The general cattle market range
Choice pulp fed eteera
Choice grain fed steers
Ordinary grain fed steers
Choice liny fed ateers
Uood ateers
Ordlnarr lo common tteera ,
Choice ctws 7.tjO?t7.25
8.R5
8.50
8.2598.40
8.2T,8.fiO
7.5048.00
6.00 7.00
summarized by R. G. Dun & Co., were
published In the Review Of March 25
Seattle, During the past two weeks
there has been continued Improvement
In nearly all industrial and mercantile
lines, --in xact many- manufacturers
now have so much business on their
books . that the find it necessary to
run plants overtime. There are a
number nf larire htislness timis.) in
Ordinary to common cows 6.60a8.7J , Seattle that 'have never had as large
Choice heifers.. ...... 7.50fft7.73 a volume of business as they have at
1 L;. h'f,gn Present, witn tne Aiasxa traue yet
V' Til ImSiMi to open up, loooers and others inter
Orasr m ? 4inat sWr believa that the
1 ilikt ... .... 8.00 1 crest of the wave of business has not
Good eaJres 7.0QO7.50 ) yet been reached.
Hog Market Xs lifted. ' In the lumber Industry there seems
For hogs there was a firmer one, t be nothing but clear sailing ahead,
better demand and smaller supply with While production Is increasing, orders
higher prices for the week. While at and shipments have kept pace The
one time tops In the swine trade sold f car situation has Improved somewhat
at y.30; tne maraet laier snuweu a uunusr . puv. iew . oyni
slight reaction with best offerings hundred car will shortly be released
quoted a dime below this and Willum- as a result of several vessels arriving
ette valley guaranteed contracts at to load freight which ha been held
$9.10 for best. here-for weeks, awaiting shipment.
The situation in the hog trade is one ; The agricultural season in the Pu-
of intense strengin, ueajjuw uu .i.mn gft sound section is later Tnis lndi
reaction in values from the- extreme
point.. Eastern markets are again
showing substantial gains and this
will likely affect the trade here during
the coming week.
fisivril twtv market:
Choice light weights f
Good light weights
cates heavy yields of vmall fruits.
There has been an abundance of mo is
ture.
Bredetreet's Xnoouraging Trade
Summary. Brads treat'' report m con-
$9.1539.20 ditlong at Portland, as issued today at
9.10 ; XTw -VaW f4w .l.nn. 4 m n n a m & M
Medium weignia S",'"'"-, In Almost all line.
ii?aY B,vVa,uv t
BOSTON (COPPER QUOTATIONS
Boston, March 25. Copper bids:
87
7
I
91
73
646
14
Adventure .
Alloues ....
Arcadian . .
Baltic
Belmont . ..
Bohemia
Butte Sup. .
Cat. & Aria.
Cal. & Hecla
Canada
Centennial... 17
Chief Cone. 17-16
Chino .v. . i . 61
Cs. Cop. Min. 1
Cop. Range 63
Crown Res... 40
Daly West. .
Davis-Daly 14
Bast Butte.. 12
First Nafl.. 6
Franklin ... 9 fi
Gold'd Cona S3
Oreene-iJan. 48
Oranby ....
Hancock . .
Helvetia .
Inspiration
Isle Royale.
Keeweenaw
Kerr Lake..
La. Salle....
Lake Copper 16
McK. Dar'gh 42
Majestic .... 87
Mass. Gas... 17
Mayflower. . . 3
Miami . . 36
Michigan .... 2
Mohawk ..... $6
Nlpiesinr ... 7
N. Butte .'. . 2SA
N. Lake 1
Ohio- Coo. . . 20
Old Colony... 3
Old Domln.. 661
Osceola ..... 97
Qulndy 93
rtaven 16
Ray. Cona... 23
Klk. Heg., c. 6
Santa Fe. ... 2
Shannon .... 9
Shattuck .... 35
Stewart .... 30
Success 83
Superior .... 17
Swift Pkg....l30
United .Fruit. 143
Un. Pr. Shar. 1
Un. Shoe Ma. 68
Un. Shoe. p. . 29
u. veroe tsx. zs
Utah Cone
victoria ....
Winona ....
Wolverine ...
Wyandot
Yukon Gold..
Barnes "King.
15
3
57
1
2
3
- ; - Lane Shearing Plant.
A sheep-shearing plant unequaled by
any in the country Is now being built
at Dcho by the' woolgrowers of that
meisrhbarhood. . The new nlant will
consist of a large permanent building
of substantial construction, arranged
o that a large number ef sheep can
De nanaiea easily. ,
" Liverpool Cash Wheat.
Urerpool, Msrek . (I. K. B.V Wniat
8 pot No. 1 Manitoba. 13e 6d; No. 2 bard win
ter, rnlf, lis 44; No. 3 hard winter, efeoiee,
13 -id; t No. 1 ted western winter, lis M;
Borthera, Chicago, -18s 8d: ' ife, 1 Derom. 13s
3d;. Slav 1 fc4 Patotb. 13 U4. - r .
Bough and
JOBBING PRICES OF PORTIAM
These pricea are those at which wholesalers
sell to' retailer, except aa otharwlsa stated:
Dairy Froduo.
BUTTKU ClLy txaamery cabas, extras, 31Q
82c ; tiraU, aoc; seconds, 2Uc; Carton prints,
84c buying price of country creamery, cubes,
sH'USlc; Oregon dairy, lu,20c
bi'l'lKKi'! furluuul tMUvery Mo. 1 soar
eieum, 33t; Ho. 2, 81c.
tGOS Helling price by dealers unset fled.
dehTery extra Selected fresh, 21c per dosea;
caae cuunt, Oregou ranch, lttil9e.
LlVh. fUULiai Ucu. HtMi.jr PlyBMintb
Rock 10c; ordinary cbickenj,, 16c lb.; atags,
Uc; aprtugs, 1 aud 2 lb., 2Jtf22.-; turke,
16c; dressed, fancy. 25c; culls, lU'Jnc; pig.
ecus, altti.-J, aqujioa, 1.20 Ova.; ee,
iUil0c Ui.i rekm ducks, old. loe ib.;
jci ng and near, 1st; iudiau akuoncn. li
U14u ft).
CWKiiK Selling price Fresh Oregon fancy
roll cream twiaa and triplets. 22&23c per Ib.j
Young America. 22c. Price to Jobbers; flats,
20c. Zoung America. 21c f. . b. ; creass
brick. 2Sj24c; llmberger, 2324c; WUcouala
leel. 84H6c; block Swisa, 30e.
mute ana egsuBisf.
FKE8U tail's Orauees. (anc nL
$1.76iua.25; bananaa, 8c lb.; lemona, $.00(3
au tii; grapxtruii. rtonua, tuuu..a ckm;
VUHtaiipiea. per u.i pswxa, i.0U0.uu,
lat.riur, $l.du box.
APPLES Local. $1.2uQ1.75 per box, accord,
tea iv quality.
ONIONS No- 1. $2.00 per cental; No. 2.
$1.26 Uo; assoelatioa elUsg prh-w carloads
ilM-t. o. b. wuntry pointa; garlic, 12c.
1.63; buy lug price, $1.1531.25 per cental;
new (uiuu, vtitiie to., swecu, J.ousa.oo.
ttufciASLaa laruvk et.w, ewu. ai.uo
per sack; aarrota, $a.o per sack; paraV
tl.00 sack: cabbage. $l.S0i2.w ewC: irwi
onions, 2oe per dosen bunches; peppers, floe
Ida, 20c; bead lettuce. California. $1 JOaJS.29
crate; celery, California, $H.504; eaaliflowar,
K-tai, ai.oojA.w iw cr.ii-, ffrntfl erucnoseai
7Oc; aaparagaa, 6sc; faothooa coenm
beia, $1810 duaea; touatoea, Mexican, $2.75;
Florida, a.50i4: egg pUut, 20c lb.: aproeta,
DC per lb.; craDberriea, euttero. $11.60Ul.oo
barrel; spina eu, 79c$1.00 box; rbabarb, fi
aj7e lb.
ktaau, Fiak aad r-rovlaloaa,
DRRciSitLi MEAT wiling price Coaotr?
killed: Kaucy bugs. ll?llc: poor. 8O10c:
fuacy veals, 10llc lb.; ordmary, 10 per ib.;
goata, 20)4u: aprlng. bunba, 10c; laattoa,
10c lb.
UAUS, BACON, ETC. Hams, 17130e;
tueakfagt bacou, 1Us2c; bulled bam, -Due;
pic Die, ltt; emiage rou, itc; UCSgott aX
purta, 13(0l&e per Ib.
. OXSTtttb olymijia yet galloa. $3 raaaed
eastern, ofie cam .ao doaeu; eastern is aboil,
61.80 par 100; raxor clama, 12 eoaen; aaaf
err. uaiers, per galloa, solid paca, t4t.O0.
FIBU Dressed f Wonders, 7c; ealaook aal
Biou. 16M!; percb, 7jiaa Ib.j lo balers, 2&e:
silver smelt, Be; aalsooa urout. 12e lb.: bal
lUit, 12J14ct Columbia awelt. 0j7Se per
bo-lb. box; torn cod, 7c; black baas, Jfto lb.
CHAbaV Large. .a; asuuiumi l 24 duaea.
LAUU Xiercaa, kettle reudarad, Uc;
stoBdiurd. 12. m i -,
Oreeartaa.
DO A B Cube, .06; puWoered, $7.00; fruit
or berry,' 1Mb; beet, $7.45; dry granulated,
$7.66; 1 allow, Aboe guoutloae are
80 day et caab.) There U bow m estab
Uabed price loc . augar oecaoae ef gsuaral
wSw!iI-sw, 3s8.se per esse.
bJCB Japan style, u. a. f. aw or
laa. bead. tte blue rose. 6a.
8ALT Coarse, bait gruunda, lUua $10.5$
per ton; 60s. $11.30; table dairy. fiOa. $iei
jus. gllo; ealaa, a23; Musi rvKk. pmt
BEANS--4JaiaII - arhlte, $7.23; large arfcite,
plak. i.73; ttiaaa, $o.U; bajroa. $4U;
Bays, Woot and Silas.
UOfS Kominal kaxyUig iarUw. 1S18 eroev
etelca, UAlitc lb.; pruua, lie; ; SBedlasi ts
nrtiua. lUM.
wuOL iiomlrjaL 1818 clip: Wills mat ta u
ley coarse Cotawold. 2afciOc; ntadtasi sbrop.
c st era Oregon, ltiVWe.
. - BUK iy ke wool pelta. 17e; dry akort
wool wdta. I3e; dry abeep abear lags. aaca.
luaalbc; salted ebeey abearlaga. eacit, UaaOc.
Kkltsd aidra t2S lbs. aad p lie. aalted sua.
SO lbs, and p. lie; satis kip tii lbs. to
i ibaki. lbel salted tall (UB to U IbaLl. 1o.
greea bides 134 llav alid npu 18e; green
ataga (av Iba. aad P), ; g-eu alp tie
jbe. ta 2 Iba.), lee; greea eaif tap to u
Country business, especially in the
lumber districts, 1 showing consider
able increase over the last year among
retailers. In the city, however, busi
ness does not increase as noticeably.
although there is improvement In some--lines.
. Wholesalers are all busy nd,-
thelr volume of trade la increasing.
Harnesi and saddlery dealers report
about 20 percent increaae tn business ;
as comparedr with previous years. -
Lumber trade la decidedly better,.,
The hog run at the stock yards 1 not.r.;
equal to the demand, with prices now
at 9 eents. All other lines are firm."
vv ool season opens. Some 60,000 rieecee
were recently sold in eastern Otegon.
Goat shearing has commenced in. the v
Willamette valley. Wheat trad'ne i
quiet .
collections improving.
Pour Cities Snow Increased Bask
dearing-SwFor the week ended jBatur- ,
day, March 25. Seattle. Tacoma, Ban '
Francisco and Los Angeles show com
fortable Increases in their bank clear
ing, compared with the corresponding
week of 1915. Portland shows a small
decrease. None of the cities make a
gooa a snowing as wr tne ween luiniw
diately preceding.
Total cieariucs for the last weeK,
the comparison with the corresponding
week of last year and the increases ;
shown sare as follows:
Mar. 25. 1918. Mar. 27. 1015. Increase
Portland ..$10.!9.242 $10.045,0fi8 $ 875. U
Seattle 13.r.33.if. 10.ST.1.4n3 8.1N2.S24 -c; 1
Tacoma ... 2,345.919 1 .873.060 ' 473.0&S
Dan Fran... 6ii.28.027 4.ri,143,074 ,10.0U2,(K3 ,
Loa Angeles 22.(300,913 18.907.412 4,381.008
Decreaae. ,
San r raadseo Pederal Kestrvt State
mentsThe statement of ' the San
Francisco Federal reserve bank for the
week ending March 24, shows an in
crease in commercial paper holdings
of $162,000, the total now standing at
$1,623,000. Other than an Increase in
the government deposits of $242,000 to
a total of $1,200,000, the changes from
the preceding week are unimportant.
The principal Items now sliow:
Gold in own vaults $ &. 721. 060
Gold settlement fund 4,368,000
Gold redemption fund 10.0Q0
Commercial paper (redis
counts) 676,000
Bank acceptances 1.108,000
United States bonds 3,085,000
Municipal warrants 1.831,000
Federal reserve notes 6"277,000
Capital paid 3.944.00O
Deposits, net. member banks 18.187,000
Government deposits 1,200.000
Stock Exchange Trading TJnoertala.
There were many efforts during the
week to stimulate the trading on the
New York Stock Exchange. They
were without result, except on occa
sional fliirries. The stock market
opinion Is a waiting one.
Money Skates Unchanged la Week.
Money rates varied but slightly on
any day of last week from the averafe s
of the rates of the preceding weeg.
Money rates at the principal centers)
for the week ranged as follows:
New York Demand loans. 14 1
ruling rate. 2 per cent; time loans.
2Vi3 oer cent for 60 days, 2 3 per
cent for 90 days, 3 3 per cent for
six months: commercial paper, 3 3
per cent for 60 and 90, days: indorsed
bills receivable and sl months paper
with single names of choice character
at 3 per cent; names not so well known.
8 per cent.
Portland Time loans and commer
clal discounts, 68 per cent; New
Tork exchange, $1 premium.
Seattle Time loans and commercial
discounts, 6 8 per cent; New York
exchange, $1.25 premium.
San Francisco Time loans, 6 per
cent; commercial discounts, 67 per
cent; New York exchange, 25 cents
premium.
Exchange on London at. New York
was $4.76 all week, f 4.76 H 9 4.76.
Rediscount rates on the federal re
serve bank at San Francisco remained
unchanged. The following are the
rates at the given maturities: J
Commercial paper, 1-10 days, t per
cent; 11-80 days, 1 per cent; 31-60
days, 4 per cent; 61-90 days, 4 Mi per
cent, :- 'V1'.--
Livestock paper, f 1-85 days, Btt per
cent; 161-90 days, 1 I per cent.
Trans acceptances, 1-60 days, 3 per
cent; 61-90 days, 8 per cent.
Commodity paper, 1-80 days, IH per
cent; 81-60 days, 4 per cent; 61-90
days, A per cents 91 days-6 months.
6 per cent.
Bankers' acceptances, 2 to 4 per cent.
RAILROAD EARNINGS SHOW INCREASE-
An interesting and gratifying exhibit is found In the returns of the earnings
of the railroads for January, as made to the Interstate commerce commission,
for the roads which have all of their mileage in Portland's trade territory.
Every road shows a splendid increase in freight earnings. Each road records
it loss in passenger earnings. The storm period of January evidently seriously
affected the passenger earnings, but could not offset the big freight business
. .t. .a -.-.. ni. r
Wiucii Lueet iv.un wci uuuif,.
The comparison of earnings for the month of January. J916, compared with
the same month of last year, and for the railroad fiscal year to date, compared
with the fiscal year next previous, according to the subdivisions of freight,
pastenger and gross earnings, may be found in the following tables:
Freight Earnings.
: January
O-W. R. A N.... $ 771,816 f 661,821
8. P. Sl S.
Oregon Trunk .
Sumpter Valley
O-W. B. & N. .
S., P. & 8......
Oregon Trunk .
Sumpter Valley
July 1 to Jaguar II.
I 6,618,845 $ ,062,71
200,324 173,688 1,767,753 1,665,667
8,864 8,186 86,696 61.969
19,474 17,947 170,681 141,361
Passenger Earnings,
262,903 - $ 277,233 I 2,754,141 6 2.71,6ft
68,723 84.727 933.19$ 398,691
4,177 4,611 89,260 35,839
2,133 2,458 25,699 25,096
dross Earning.
O-W. R & N $ 1.147,830 " $ 1.046,017 110,213.410 $ 9,641,656
5 t & s 308.93S ZaS.bH 2,868.538 Z,820,7Z8
Oregon Trunk 14.886 8,629 137,384 100.888
Sumpter Valley .'. 24,077 23,07t - 210,649 185.633
e sauon: ket-
, V7; bolted.
lfca 1 19c : dry flint bides, 26c; Air flint eaif
V to 7 lbs,,, use;" dry salt bidae. sues dry
tersebUlee, each, 75e to W1.W: salt boraeitblaa.
mcbTEuIv to 13.00; borsehal, 25c
T ALLOW Mo. 1. 6c; No. . 5c; grease. $.
CUlaXIM W v-a. Daring
nrlrea. par car lot, : "" ear hum. .
"! VT., , .... tan uaai. ih.
m.a.UA.W w
ralaa aad Oil. .
roiL OIL Water wbna, la drama aad
iron bar rf.i-
a boiled, bbav, 9e; raw.
4ae, . awe gas. j . ,r-.
'"wHlTB LEAD Ton Iota. 10e lb.; COO lb.
lota, tie; teas lota, Ile per lb.
car lots, $85.60. . . , ,,
G ABU LI KB Basis price iovc per
Broccoli for Portland. 1
Lebanon, Or March 25. A ship
ment of broccoli or winter cauiiriower.
conslstlni of 100 crates, was sent to
Portland markets from here during
the fore part of the week. It was
made up by J, W. Bishop, Ralph Scrog
gin, D. D. Follett and R. M. Goodrich.
Should tavoratie prices db '-
further culture of the vegetable will
be undertaken and be on a broader
scale, as the San nam river Douni-wi
seems especially adapted to lt
growth. --t. , .
The present snipmeuv w w
burdena taken from their shoulders.
The- heavy rains of 'the past month,
have started the pastures in an ex
cellent manner, and feeding Is not ;
neuessary now to such an extent as -formerly.
The long, hard winter
caused great inroads upon the avail
able forage aupply in the valley, and ,
prices were higher, as a consequence.
Another week will find the pastures
In ideal condition, it Is predicted.
DAIRY PltODtJCE ON THE COAS1
Seattle Market.
Seat He. Mircb 25. IP. P.l Butter Kaflee
Washington creamery, brick, S4e; ditto, solid
pacK, imc . ....
Amm l. i . . W7Ia 1.
vu-.v .tjfVKlym. J -tii tr
let, 21e; Wisconsin twins, 21c; Young Asm-
lea, Jc. - '
Eggs Select ranch, 22.
-..- law .Abis Karkat.
r aiwal U-uh or. 1 1 w B 1 V .r.
Case count, sflg. , s ' '
Butter Fresb extra 28c.
8aa Francisco Karlutt. .
8a a fraoelaco. Cat- March 23 f IT. P.t-w
feutter Exyaa 28c; prune flrata, 28c; firsts.
K(fgs Extras si e; firsts, WW,' puueia.
Cheeaa California fancy. lc; flrata. lit.
lent quality.
Gophers Damage Orchards.
xcMtM RAimon Wash.. March 25.
fMuch damage to young orchards has
1 r-.n m..innrd this winter bv the
.depredations of gophers. xney nave
also in soma instances auacaeu vue
berry vines. .
The ' experiment of planting -carrots
tiAtvwn the aonle treea has proven
exceedingly successful, the gophers
a tins, i ha. carrots and leaving ' the
treea alone. In one Instance where
carrots were planted, only three- young
tre in a. tare orchard were lnlured.
In on, young orchard where nothing
was done to protect the trees, 200 out
of 300 . treea were killed ny gopners.
! Stockmen Ar i Relieved, ,
Walla Walla. Waah March 85.
Stockmen of the valley now are be
ginning to feel one of their heaviest
Overbeck
& Cooke Co.
Stocks, Bonds
Cotton, Grain, Etc.
DIRECT PRIVATE. '
WIRES TO ALL
EXCHANGES ;
Members Chicago Board of Trade
Correspondents of Logan 4 Syraa '
- Chicago. New yora. .
816-817 Beard ef Trade BuUdlaf .
ft