V
4
OREGON DAILV JOURNAL. PORTLAND. TUESDAY. , MAY
2. 1916.
..... . .. v
REAL. WOOLEN CLOTHES CONSPICUOUS BY THEIR. ABSENCE
- caita by
Hysnasi H. Cohen
POTATO PURCHASES
ARE LlMltED HERE AT
$1 .25 THE TOP PRICE
Extreme Quality Occasionally Sella
. at Highest Figure, But Bulk of
Limited Purchases Is Arounu
$1.10 and $1.15 Ccn.al.
, . email purenases or; potatoes comiunc i
, V7I )!.... w.ll.v nAnlta h ihlnMrt .inr.tfncr
.Tiuam.m y -.
tor California, but at best the buainee la coin-
. para lively email and very disappointing.
'.- Shippers tra generally offering 1.10(fJ1.15
...'. cental f. o. b. country points for average
" iiimlltv : stock with tioor srnff down to tl
aou extra fancy around tl .20(11.25 a eentsl.
Home of the ahlnnrrs who aoeculatefl rather
' extensively earlier In the season when aa high
31.40(31.50 wn paid In the conn try hate
tuken rather heavy losses. Home of the deal
era who have operated only on orders time
Made money during the season, but those
v. bo pu refused at extreme prices for specula
tkin will' end the season with a deficit.
New California potatoes are rather plentiful
Willi qnalltr Improving- wltb practically every
ehlpment. Sales ere reported generally at 4(H)
6; a pound for new stock, although a few
tales of extra aelect Garnets in boxes are
being made aa high aa 6a a pound. All of
this stock comes from early sections, where the
acreage Is up .to the normal, but a decreased
production U anticipated In toe lata districts.
Butter Market Is
Softer in Spots;
No General Change
Market Price for Prints Continues
About the Same, But Surplus
Is Growing.
There la a weaker feeling generally In t?ie
butter market but no further general change
Is announced In quotations.
Willamette valley creameries aa well as
those from Interior sections are experiencing
much difficulty la obtaining a market for
their surplus stocks except at a farther re
duction of Hlc a pound for cubes. Average
good quality eoustry made cube are finding
buyers around 25c a pound, but the tradlns la
forced. Occasional kales of something extra
aelect are shown at 25-v4e, but poor tnf: la
selling around 24Vc.
Puget sound creameries continue to "scrip"
FIT" cream suunlles and 'In some Instances ttey
aro paying ict2c a r-onnd over the gencrat
quotations In order to starve out some compel l
tor. Naturally thl bit demoralized the trade
because, the price paid for (at Is oft-times
higher than the creameries sre getting for the
manufactured product, liu ngnt Is salu to
b-j waging principally among those having
Alaikan connections nod on this trade they
ar able to secure better prices than the
general market.
STRAWBERRIES ARE LOWER
Market for strawberries is acsln lower wltb
more liberal offerings. Florin, Cal., stock Is
selling generally at I1.7&411.H5 per crsto,
while Orcgona are going at (2.25 generally.
GRASS MARKET RATHER SLOW
With excellent duality asparagus coming for
ward in large supply from all sections of the
" Pacific northwest, the kcul market la rather
alow. Local bunches are selllus at 00c to
1.00 a dozen, wltb Walls Walla at $1 a box
for
CHICKEN MARKET IS WEAKER
Market for chickens Is weaker and generally
Vic a pound lower for tbe day along the whole
sal way. Bales of fancy hens are reported
r higher than ITVjC a pound. Arrivals are
slightly Increased.
ASKING MORE FOR ORAXGBS
For small slae oranges the trade Is a.-klng
an advance In the south, altbongb tbe local
market Is unchanged. Tbe trade here has been
Imrbtug the large navels on account of .the
Inilted crop of small sizes, while ths com lug
valenclav crop la said to be mostly or sms
fruit,- ' '
VEAL MARKET IS DEPRESSED
Country killed cnlf market la rather de
pressed along the street, with the bnlk
' the business in best quality at lOVbc although
once In a while a small sale may be made at a
fraction more. Country killed hogs are steady
BRIEF NOTES OF THE TRADE
. Cheese market continues to weakm.
IHicks are in good demand at quotations.
Live turkeys harder to sell.
Egg market la geucrully Inclined to weak
ess.
j Price of fresh salmon reduced to 11c
bound for Columbia stock.
," Cblttim bark Is slightly firmer at 4(344
pound.
CATTLE DEMAND IN
VERY EN
AT EXTREME
HITTERS' WEATHER NOTICE
t ' Weather bureau advises. Protect unlpnwnt
during tbe next 4a nours ss rar norm as Se
attle against minimum temperatures of about
41 degrees; northeast to Npokane, 40 degrees;
southeast to Boise, 80 degrees; south to Ash
land. 42 degrees. Minimum temperature at
Portland tonlgbt about 48 degrees.
JOBBING PRICES OP PORTLAND
These prices are those at which wholesalers
: Mil. to retailors, exeept a otherwise ststed:
. Dairy Produce.
BUTTER Prints, extr:n. 2tc; prime firsts.
lUA.M'OUl AllOie
San Francisco
Los Angeles
$10
in
(Without Chang En Boat)
Th Big.
Clean,
Comfortable,
Elegantly Appointed"
EA4UUia TBAaaBJs-Lr
BEAVER
Sails From Alnarworth Dock
3 J. May 6.
100 Golden Mils on
Columbia Blvar.
AU Bat Zaolud
Berths and Meals.
Tabia and. 8it1os
TJnnxtxrtlad.
Th Baa Tranclsoo Sj Portland 8. B.
Co.. Third and Washingrton Streets
wlth O-W. B,sl. CO.) TL Broad
war 4900. A-eiai,
-TWIN PALACES OF THE PACIFIC
Portland $20.00"!
to and
San Francisco $17.50
First-Qass
2ic; firsts, 29t; cubes, extras. 27Q2SC; prime
r:rsts. XoUXoci lira is. Villi -c per id.; uatry
ll)(a.2oc
HUTTERFAT Portland delivery No. 1
sour cream. Z7c; no. i, zoe.
EGiS Selling price by dealers unsettled,
delivery extra: Selected freeh, 22(3220 dot.;
case count, Oregon ranch, 21 He.
LIVE POL'LTRV Hena. heavy. Plymouth
Rock, lTHc; ordinary chickens, 17c per lt. ;
stags. 12c: broilers. Soil') doaen; turkeys, au
621c; dressed, fancy, 25c; colls. l17c;
pigeons. (1 ret 1.25; sqnabs, gl.20 dozen: geese,
five. HNffilOVic; Pekld ducks, old. 17c lb.;
young and heavy, 18c) Indian Runners, 14c
per id.
rHEKBK selling prifle: Fresn Oregon rancy
full cream twins and triplets, me per lb.;
Youdz America, 20c. Price to Jobbers: Flats,
17e: Young America. 18c, f. o. b.: cream
brick. 23(i24e; llmberger. 23024c; Wisconsin
wheel. 84(U3tlc; block Swiss, 30c.
Fruits and Vegetables.
rRKSH I'RL'ITS Oranges, fancy navel.
t2.W(Q3.23; bananas, Sc lb.; lemons. $3.W
4.28 box; grapefruit. Florida. tMQ53& cane;
pineapples. oV4iic per lb.; pears, tl.n0i32.00.
BtKKits strawberries, lor in, ioc; ore
gon, 2.25.
APPLES Local, $1.001.50 per box. accord
ing to iiuallty.
ONIONH No. 1. 11.73 per cental; No. 2,
11. SVul.DO; association selling price, car
loads, S1.60 t. o. b. country points; garlic,
12Ui?: irew onions, Sl.Toui.OO crate.
POTATOES Selling price: Local, fl.25
1.6S; buying price, ji. 10(1.23 per cental;
new California. 4ftoc; sweets, s.i.&o.
VEUCTABI.K8 Turnips. S5e dozen bunches;
beets, ooc per dozen buncbea; carrots, 65c per
dozen bunches; parsnips, $1.00 sack; cabbage,
$.50 per cwt.; green onions, 25c dozen
bunches; peppers, Florida, ffio dozen; bead
lettuce, California, 12.25 per crate; celery
Florida. IS. 50; cauliflower, local, fl.O0iftl.15
per dozen; French artichokes, 75c; aspara
gus, local. 1 dozen bunches; hot-
bouse cucumliers, $1 .00 1 .75 Jozen; tomatoes.
Florida. t4.UO(u4.5; egg plant, 2Uc lb.;
aurouta. tic; cranberries, eastern. Sll.SOig
12.0O per hnrrel: splnaeh. xi. 00. box; rhu
barb, 1 rl 2c per lb.; peas, tic lb.
Meats. Fish and Provisions.
DRESSKO MEATS Selling price: Country
killed fancy hug, lie: poor, MijlOc per lb.;
fancy veals, lutac; ordinary. UipHle per lb.;
goal. 2 fa 4c lb.; spring lambs, 17c lb.;
mutton, loc per lb.
HAMS. BACON, ETC, Ha ma, IS'Q-e lb.;
breakfast bacoo. 17ti:tOc lb.: bo ilea bams.
30c lb.; picnic, 13c; cottage roll, 14c; Oregon
exports, luKriO'.c per ID.
OYSTERS Olyinpla, per gallon. $3; canned
eaatern. 55c can, 14:50 dozen; eastern In she
$1.85 per 100; razor clams, 12 dozen; east
ern oysters, per gallon, sonu pack, gd.oo.
FISH Dressed flounders, 7c: cUlnook sal
mon, 11c; percb, 7fc4' per lb.; lolHter, 2-"ic
silver smelt, Sc; taloion trout, 12-&C lb.;
halibut, 11 it 13c; torn cod, 7c; black bass.
7 he lb.; uau, liJbc ih.
CRABS Large. l.T.'i; medium. $1.23 dozen
LARD Tlercea. kettle, rendered, 14 Vic-
standard, 14 Vic.
Oroceries.
SUGAR Cube, $M.U0; powdered. $8.65; fruit
or berry. e.io; beet, as.Oj; dry granulated.
$8.15; D yellow, $7.55. (Above gustations
are .-to days net casu.;
HONEY New, S. 25(23.00 per case.
K1CE Japan style. So. 2. 4c; New Or
leans, besd, i t. ttB Vsc; bine rose, &'ic.
SALT Coarse, half grounds. loOs, $10.50 per
ton; 50s, $11.30: table dairy, 50s, $lti.ut);
10, $lti.50; bales, $2.25; lump rock, $2i per
ton.
BKAN8 8mall white. $7J25; large white
pina, fj.iu; hums, tb.uu, u;uu, .70
red, fo.ou.
Hops, Wool and Hides.
HOPS Nominal buying ptice, 1013 crop,
choice, 12c lb.; prime, 11c; medium to prime,
74itfc lb.
WOOlv Nominal, 191 clip: Willamette val
ley coarse Cotswold, d2c; medium Shropshire
31c; fine, Hoc; eastern Oregon, lsfqaoc.
HIDES Suited bldea (25 pounds und np)
10c; salted Slags (50 Ibe. aud up). 12c; sa'ted
kip ioa. to ..: lus.i, lit; salted calf (uj
to id iiks. ), c; greeu Hues (.o ids. and lip i
He; greeu stags iuu iva. ana upi, llic: are
kip (la lbs. to 2.i lbs. , lie; green calf (uo to
it, ua. i, xxc ury turn blues, xac: dry f lnt
calf UD'to 7 lb. ). 30c: dry salt h des. 2.ic
dry horsebides, each, 75cki$1.50: salt horse
bides, each. $2.00tl3.0o; horsehair, v'c- ory
long wool pelts, 20c; dry abort wool Delta. lCc:
dry aheep ahearUngs, each, 10(ii25c; salted
SDeep sneariiugs, eacn, io"jdc; coarse vallcj
wool, at market value; medium valleywo
at market value; mohair. 4S349c; No. 1 tal
low. Be; io. i tallow. 7c; No. 1 grease. Hi-
dry goata, long lialr, ;sc: dry goats, shear
lings, each, lu2uc; salted long wool pelts
April, i.wu..ju.
tallow .o. i, ae co. -i. 7c: grease. 7c
CHITTI.V1 OU CASCARA BARK Buvinff
prices, per car iol, c; less tnao car lots, 4c
UOUAltt laitt, 48(ftttOC it.
Faints and Oils.
COAL OIL Water white, in drums and Iron
barrels, loc.
LINSEED OIL Raw, bbls., 02e gallon: ket
tie boiled, bbls., B4c; raw, case, U7c; boiled
Cass, vvc gai.; iota ol gauons, lc less.
TURPENTINE Tanks, ttTc; cases, 74c gal
Ion.
WH1TH LEAD Ton lots, 10c lb.; BOO lb
lota, lie: lesa lots, huc per iu.
OIL MEAL Carload lota, $34; leaa than cat
lots, saa.ou
GASOLINES Basis price 18 He per gallon.
Tourist, $15.00 and $120.
Third Class, fa.
MEALS AND BERTH INCLUDED.
S. S. Great Northern
Liner with th apeed of an Bxpresa
Train. Sttamer Express laaves North
Bank Station t A. 11.
' May 4, 9, IS. 18, 23, 27.
TJCXXT OT7ZCB. 5TB ABT STAB.K.
. ' Phonaaw Broadway 920. Jk-8671.
FRENCH LINE
. Conrpagni Oensrale Transatlan'tlqn
POSTAL SOL VICE.
SaiGnss From NEW YORK to BORDEAUX
LA TOURA1NE May 13, 3 P.M.
CHICAGO May 20, 3 P.M.
RQCHAMBEAU May 27, 3 P.M.
LAFAYETTE . . Jun. 3, 3 P. M
tor nrroaiuno ilnr
0. W. BTHTGER, $0 Sixth 8t
A. D. CHASLTOir, 161 HotTiaen Bt.
1. K. OA&aiSON. 0. M. St. Paul &.
- D0R8IT B. BJflTH, lit Third Bt.
H. Ciokson. 14( Waahingtan AH.
KCSTH BANK ROaA f ilfth and Stark Bta.
I. 8. MTAJtLAND, Sd and Washington St.
B. DUFFY. 114 Third St.. Fortlasd,
5 BAtRD, 100 Third St
Los Angeles and Baa Diego
STEALSHIP-SYALEAKDHARVARD
, Railroad or any ateamer to San FrancUoo
the Exposition City. Largest, fastest sad th
uaii - imroy xirsc-ctass pssssngsr snips oa
the Coast. Avenge speed 28 mils an hoar.
Cost $2,000,000 seh.
, SAX rBAHOIBCO, fOBTLARO B
,. , X.OB ABOEXkEB B. B. CO.
. ; t I task Bollanv AgMt.'
, ' ; . Ul Third BL Msla 2H. AiSOf
i-. 5f 1 D, at B, . B. , . .
Salem Prime Pool
Includes 1500 Acres
Salem, Or., May 2. With approxi
mately 1500 acres and 200 grower
signed up, the SaJern District Prune
Pool closed here Monday night. It 1
said there are 2500 acres of prupes in
Polk and Marlon counties.
Tito prune pool Just closed, ia the
largest in the state and also the larg
est ever formed In th Salem district.
INTERIOR
PRICES
C. Ray- Beckley Returns From
Fossil With Report Says Grjtss
Jjots Are in Excellent Shape, and
Stock Is Getting Very Fat,
PORTLAND LIVESTOCK Bt'N
Tuesday lf)9
Monday 4267
tiatnrday 443
Kriday 37
Thnrsdsy 270
Wednesday 2X9
Week ago 173
Vear ago 1N8
Two tears aao. . 1.10
Three years ago 12
ttle. . Calvea. Sheep.
73 5 S13
4.14 214 8"0
4.1 17 0
100 5 17
109 89 26
4 .. 814
zr, . . C70
If..! 2 45S
'.:l .. 532
321 ' .. 234
Country Movement
Of Wheat Showing
A Slight Increase
Baying for Eastern Mills Going On
Some of Latter Using All
Coast Cereals.
NOBTHWEST GRAIN RECEIPTS
-Cars-
Wheat. Barley. Fir. Oats. Day.
Portland Tues.. 17 2 8 H
Year ago 6 8 5 '
Season to date. . 0,779 l.M 1 TA 2fV
Tear ago 15,729 187V 1803 1907 11S
Tacoma, Moa... K
X ear ago V
Reason to date. . 6,500
Vear ago 8,762
S4 attle. Monday
Tear ago 9
14
3
1932
WOOLEN C
BE CURIOSITY
TRADING
LOTHES TO
IN THE
OF WORLD
..t9.Xxa.20
.. 8.90(38.95
. . 8..tO88.75
,. 8.00lS.2o
That cattle at Interior points are going out
into the best grass known In the Inlsnd Em
pire for many years, was the statement of C
Kay Beckley, a prominent feeder of the Fossil
section, who has Juat returned from a visit to
bla ranch. Mr. Beckley is on of the owners
of the Western Produce company of this city.
According to Mr. Beckley, he has never be
fore seen sub a wonderful stand of grass in
the interior as at thia time. "Th cattle are
waxing fat and the outlook Is exceedingly
good for feeders this season, ' say a Beckley.
'Cattle are la such strong demand In tb
Interior that I could have sold the 50 head
I just purchased aud would have realised
good oroflt without touching; the herd. My
loreman tens me mat tne 2UO neaa or est tie
I have on feed In tbe place, aside from the
f0 bead just purchased, are doing well; In
fact, have seemingly made no impression on
tbe grams.
Mr. Beckley saya that wool shearing la gen
eral In the Interior and all along tbe Con 'ion
branch of the O-W. R. A N. from Arlington
to Condon, huge stacks of wool are shown.
lie snys that the sheep hsve dune well and
lambing a success.
Hcg Market Steady.
With only a small rim of stuff shown In
the yards overnight at North Portland, market
fo.- hogs is considered steady for th day.
There wss nothing in sight good enough to
test top prices during th dsy.
General hog market:
Choice light weights
;ood light weights
Medium weights
Bough and heavy
Small Lot of Cattle.
But small supplies were shown In tbe cat
tle market at North Portland overnight. Gen
eral trade conditions continue steB('y with
former pricea still being uuoted by tbe general
trade. ,
Nothing In sight during tbe dsy to tet ex
treme values.
Ueueral cattle market range:
Ctoice pulp fed steers
Choice grain-fed steers
Ordinary griln-fed steers
Choice bay-fed steers...
Ooud steers
Ordinary to common steers
Choice cows.....
Ordinary to common cows
Choice heifers
Ordihary heifers
t'boice bulls
Good to fair bulla
Ordinary to common balls
Best light calves
Good calves
Choice light wetghte
Good light weights
Medium weights
Bough and heavy
No Button Offering,
While among the reported arrivals for the
day at North Portland were three loads of
sheep, these csme forward late Monday after
coon and were not Included In that reoort.
Ties came direct to a local meat company
and were not really on the market.
General mutton, and Iamb trade conditions
steady.
General mutton and lamb range:
Select spring lambs $10.004310.50
Choice weight yearling 10.00
Good to common yearlings 9.00 8.50
Best old wethers 8.75
Good to common wethers 8.O0SJ 825
t'boice to light wethers 7.73 8.25
Best ewes 8.00
Good to common ewes 7.00 7.50.
Tuesday Livestock Shippers.
Hogs Sun Dial ranch, Multnomah, 25 head;
M .Skl, Columbia, 23 'bead.
Cattle While St Wilson, Columbia, 81 head
b? boat.
Sheep J. E. Weeks A Son, Wilder, Idaho,
3 loads late Monday.
Monday Afternoon Bales.
HOGS.
Av. lbs.
.$8.85Q9.00
8.T5
. 8.25(&8.40
. 8.ftOJr..73
. 7.50(tS.OO
. 6.00 7.00
7.50
. 7.2537.a3
. 7.5o(6t7.'5
. 7.0uii7.2B
. 6.5OU8.0
. 4.0Ofa5.OO
. 2.002.70
8.00
.,7.00637.50
9.00
. 8.8068 90
. 8.50448.75
. 8.00U8.25
2
501 : . . . 828
647 .... f90
1
3 T 32
Season to date.. 7.448 1224 1955 928 f24
Year ago T.4961043 2140 1128 S2S7
There was a good sharp bulge in tbe price
of wheat at Chicago early in the day's session,
but later practically all of th advance was
lost with profit taking and short covering.
Liverpool spot wheat was d lower to 2d
bigber for tbe day, following to some eitent
the advance of Monday at Chicago.
Locally there is practically no wheat being
offered. A California milling concern has re-1
cently been compelled to seek supplies else
where In tbe Pacific northwest because of tbe
lack of offerings here. While there are quite
fair stocks of wheat held here, none 1 avail
able for tbe market.
At Interior points a slight further increase
in the selling movement of wheat Is indicated
with prices holding steady. Mach more inter
est in Pacific" northwest wbest is shown by
eastern millers. It Is stated that sonic of the
mk'dle west mills are operating almost exclu
sively on Pscllc northwest wbest.
BroomhaM cabled from Liverpool that wheat
opened steady, with dearer Manitoba and win
ter offers.
Australian weather Is good for planting.
Indian weatber la favorable. Wheat Is firm
ly held, with no shipments.
Arrivals of wheat In the United Kingdom are
lighter, with Canadians very firm.
FLOUR Selling price: Patent. $5.20; WI1
lrrcette valley. $4.90; local straight, $4.60a
COO; bakers' local, $4.805.20; Montana spring
whetit, $d.i0; exports, $4,5044.70; wools
wheat. $1.65; graham. $2.40; rye flour. $5.95
per barrel.
HAY Buying price: Willamette valler tim
othy fancy, $20; eastern Oregon-Idaho fancy
timothy. $2122; alfalfa, $21422; vetch and
oats. $18; clover, $18.
GRAIN 8ACKS 1918 nominal. No. 1 Calcut
ta, 13ttQ13e In carlo ta; less amounts are
higher.
MILLSTUFrs Selling prle, carload lota'
Bran. $23: aborts, $25-50.
KOLLED OA T8 $6,600(1.75 per barrel.
ROLLED BARLEY $31.506 32 50 per ton.
Local wheat prices were firmer end generally
higher for the day in sympathy with the
early rise In Chicago, although tbe closing In
the latter market was lower than Monday. On
the Portland Merchants exchange May wheat
prices were W2c advanced.
May oals were steady at former prices snd
barley bids were 50c a ton higher.
Merchants Exchange May prices: '
WHEAT
Tuesday Monday
Bid. Ask. Bid. Ask.
107 103 107
S 92 98
97 91 97
98 91 98
93 90 96
Manufacturers Not Able to Secure
Their Requirements and Even
Shoddy Kxpected to Prove a
Real Luxury in Future.
Brcestem . . .
Forty fold ..
Club
Red fife
Bed Russian
92
93
92
OATS
Feed 2625 2675
BARLEY
Feed 2700 2900
M1LLSTI FF3
Bran 2200 2250
Shorts 2400 2550
futures were quoted:
WHEAT
Jane blnestem
June fortyfold
June club
June red fife
June Russian
June
June
Jnne bran . .
June shorts
No.
9s hogs
2 bogs
89 hogs
4 bugs
10 hogs
50 hogs
1 hog
5 hugs
5 hogs
4 bogs
1 bog
60 hogs
2 hogs
31 bogs
106 hogs
P2 bogs
45 bogs
24 hogs
81 bogs
4 bogs
2 bogs
3 hogs
97 bogs
2 bogs
8 hogs
64 bogs
5 hogs
1 bog
66 bogs
0 bogs
1 hog
8 hogs
73 hogs
3 hogs
1 hog
7 hogs
8 bogs
185
340
200
185
162
185
400
435
120
165
140
190
.345
130
199
165
220
290
196
4O0
130
825
175
80S
140
J95
126
520
170
130
800
215
185
405
ISO
2(13
115
6 hogs 1R5
Chicago Produce Market.
Chics go. May 1. (I. N. 8,) Butter poor;
eggs anchanged.
Butter Receipts, 6744 tubs; creamery ex
tras, 32c; extra firsts, 8Uic; firsts, 30H'i
Jlc; seconds, 2930c: dairies, extras, 32c;
firsts, 81Cs31Hc; seconds, 2722c; packing
stock. 26&27e.
Eggs Receipts, 38.555 cases; firsts,
21c; ordinary firsts, 19'i20c; mlcceUnne
ou lota. lQ20e; extras. 23 '4 24c.
Salmon Catch at
Oregon City Small
For Opening Day
Tha catch of salmon by com-
mercial fishermen In the Wll-
. lamette at Oregon City tha first
of th Mason totaled about 16
4 tons compared with about 60
tons on tha same day a year
aro.
The decreased catch Is dua 4
both to th extreme high water
. this seaaon as well as th fact
that the new law prohibiting;
net fishing near the fails has
4 eliminated some of the biggest
catches of normal seasons. in
I
7 bogs
0 nogs
2 bogs
86 hogs
8 hogs
4 bogs
3 hogs
94 bogs
tt bogs
6 hogs
60 bogs
2 hogs
9 bogs
24 hogs
3 bogs
1 hg
89 bogs
H bogs
0 bogs
8 hogs
3 hogs
9 hogs
Tl hogs
3 hog
1 hog
6 hogs
102 hogs
98 hogs
1 1 hogs
M hogs
vl bog
1 bog
3 hogs
83 bogs
10 bogs
6 hogs
8 bogs
4 bog
180
450
130
200
430
310
430
170
125
135
100
2o
138
i:io
260
130
1M
135
280
87ft
820
315
200
180
170
135
180
175
125
170
800
450
475
190
132
400
ISO
SO0
6S bogs 195
a . . . . . . . .
1 bog
1 bog
87 bogs
0 hogs
8 hogs
1 bog
7 bogs
14 bogs
4 bogs
12 bogs
7 bogs
12 bogs
1 bog
8 hogs
. 4 hogs
7 hog
, 3 bogs
1 hog
4 hogs
20 bogs
15 hogs
14 bogs
2-1 bogs
a hog
1 boa
2 bogs
8 bpgs
4 hogs
1 HOST
I hog
290
180
190
850
135
870
175
193
2f
160
t 240
05
820
120
81
125
- J 1 0
200
170
185
135
200
220
295
, STiO
42U
120
....... iZO
) !
s M
100
.. 140
Price.
$9.00
8.00
8.50
8.00
9.00
.(
8.40
8.00
7.35
6.10
7.50
6.00
8.00
2.75
6.00
6.00
0.10
8.05
8.03
8.25
7.80
9.00
8 00
9.00
7.75
9.00
7.50
8 110
8.00
7 60
8.00
9. CO
9 00
S.00
9.00
8.00
7 50
9 00
9.00
8.00
7.50
9.05
8.15
8.55
8.00
9 00
T.ftO
7 60
9.K
,50
8.90
7.75
f.:,o
8.00
fi.oo
7.50
8 50
8.1)0
t?.50
800
9.00
7.50
8.00
7.50
6.10
9.05
7.50
0.00
f.00
8 00
8.0
9.06
7.50
7.60
750
8.00
6.00
8.50
8.00
8.00
8.00
T.50
8.00
6.00
5.00
9 00
60
9.05
9.10
8.00
7.50
8.0
7.50
7.60
8.00
8 00
0.03
5.00
6.10
6 20
8.00
8.00
8.00
7.50
7.50
7.50
8.0
2625
2G50
2100
2:150
Bid.
104
93
92
63 4,
92
27O0
2900
22T.0
2500
Ask.
107
98
97
68
9
PEED OATS
2625 2780
FEED BABLaTY
.'. 2700 2850
MILLSTUFF8
2225 2300
2450 2550
POTATOES ALONG THE COAST
Seattle Market.
Seattle. Wash.. May 2.-U'. P.) Onions
Oregon. 2224c: Yakima. l'Sc.
Potatoes White river $26(tf2S: Yakima Bar-
banks, $3234; Yakima Gems. $30(34.
Ban Francisco Market.
San Francisco. May 2. (U. P. Pofatoe
I'er cental. Deltas, ex-wharf, ordinary. $1 003
1.25 oer hundred, with No. 2 stock oOfflOOc:
ditto. Shimas, $1.501.65: Oregon fancy, $1.60
1.75: ditto choice, $x.SUl.W; ditto ordin
ary, xi.40gi.Dr, icisno uems, si.iwjftf i. .o:
ditto Rnrals. $1.4O4fcl.50; Washington Netted
Gems, $1.60(31.65; new crop. White, 22Uo
per pound; Democrats, i''SMiW, uameta, 24
35 per ponna.
Onions -Per cental. California ex-leehouse.
repacked, $1.251.50; Oregora repacked. $1.80
fell. SO; Australiana offered at $2.90; Nevada
oftered si.10.
2 hog 230 0.00
SHEEP.
261 sheep 96 $9 50
260 sheep 95 9.50
39 sheep"S 98 9 50
166 sheep 05 8.50
4 sbeep 137 9.50
21 sheep 90 9-50
300 sheep 83 7.33
BCLLS.
J bull 870 $0
I bull 920 5.75
1 bull 1390 4.75
1 bull 121)0 4.75
1 bull 740 5.00
I bnll 10SO 3.20
1 bull 1500 6.00
STEERS.
26 steers 19S0 $8.85
16 steers 1100 8.85
2'i steers 1110 8.80
I steer 910 5.00
26 steers 1190 8.89
1 steer ....1000 7.00
7 steers ...1035 6.00
2 steers 750 8.26
13 steers 760 0.00
1 steer 530 7.50
3 steers 680 8.50
8 steers . 940 7.0
1 steer 1330 7.60
1 steer 1240 S 10
1 steer 1110 7.50
1 steer 1220 T.50
11 steers 1070 8.10
2 steers 750 8.25
COWS.
2 cows 1O70 $7.00
1 cow 1010 7.60
2 cows 830 2.50
2 cows 780 8.00
12 cows 1040 7.T-0
8 cows ., lOOA 6.85
4 cowa 867 4.75
8 cows 810 3.75
4 cowa 1175 7.00
I cow 1370 6.75
1 cow - 1120 COO
1 cow 980 6.50
1 cow 1020 e.o
1 cow 870 8.25
2 cow 095 6.50
1 cow 810 6 00
5 cows , 1295 . 7.23
1 eow 1430 6.50
STAGS.
1 stag 1160 $7.50
. HEIFERS.
20 belfers 690 $8.23
1 heifer 800 6.00
Tuesday Morning Sal.
STEERS.
No. Ave. Lbs. Price.
2 steers 775 $7.50
1 steer 670 7.25
COWS.
1 cow 020 $7.00
1 sow 810 6.73
SPRING LAMBS.
45 lambs 61 $10.00
YEARLINGS
1 yearling 150 $9.00
44 lambs 88 8.25
HOGS.
A leading Portland clothing man mads the
statement that so great has been the demand
for cloth and clothing and so scarce have
been supplies of wool that It would b next
to Impossible for anyone to purchase real
woolen suits during th coming fall and, win
ter months.
Woolen underclothes, a coord I no- to the trade.
will practically be a thing of the past so far
a the next season is concerned.
Even shoddv la so acsrea thsr snch oWh.
tofc- will almost be considered a luxury after
present stocks of woolens are exhausted.
eucn statements Indicate the real basis for
tic present great strength of tbe wool market.
World's stocks of wool, which have hen in.
adequate to fill requirements during recent
years, will this season fall still shorter of
requirements. For the last two seasons Ameri
can woolen mill Interests have purchased lib
erally of English colony fleece in order to
meet a portion of their Requirements, while
some business of moment waa done in South
America. With the English colony wools pro
hibited from going elsewhere but to an Eng
lish possession or sn ally, the American mills
will be oonirtelled to take whatever Is offered
in South America and in this country. In
Soutn America they will meet with strung
competition from the English and French inter
ests and extreme price are therefore ex
pected. In tha meantime ther 1 little business
shown at Pacific northwest points, bee 1 use
growers are not inclined to offer. While
further fractional advances are offering In
value sheepmen are holding off.
AMElilCAN LIVESTOCK PRICES
Denver Eoga $9.50.
Denver. May Z Cattle Receipts 600,
steady. Beef steers, $8(a9; cows and heifers.
$687.75; calves. $10212.
Hogs Receipts 31O0, 10c lower. Top, $9.60
bulk. $9.30(g9.40.
Sheep Receipts 1800, steady. Lambs, $10,25
611; ewes, $8g8.50.
Chicago Hogs $9.90.
Chicago, May 2. (I. N. S.) Hogs Re
ceipts 22,000, alow, 510c under yesterday s
average. Lulk $9 754j.'9.85; light, $9.35
9.10; mixed. $9.5ogy.0; heavy, $0.35U9;lO;
lough, $9.339.50; pigs, $7.2"((j9.00.
Cattle Receipt 400, steadv. Native beef
steers. $7.!0(ji9.9,"i; western steers. $7.854iS.70:
stockera and feeders, $5.90WM tjO; cows and
teifera, $4.20fi'.).4,"; calves, $8.2riif 9.25.
Sheep Receipts U.0O0, strong. Wethers $0.75
69.25; lambs, $7.7o!tt 11.75.
Seattle Hoga $9.25.
Seattle, Wash., May 2. IP, N. S.) Hogs
Receipt 82, steady. Prime lights $9.20(oJ
9.25; medium to choice. $U.lMfti9.15; smooth
heavies. $S.fKiS.75; rough heavies, $8.0041
8.25; pigs, $8.00(38.75.
Cattle Receipts 308, steady. Best steers,
$8.50M9.00; medium to choice. $8.0088.50;
common to medium, $6-50l&7.60; best cows,
$7.i0ig-7.50; common to medium cows. $4.0041
6..V); bulls. $40. 50; calves, $7.50(98.50.
Sheep Receipts none, steady. Lambs $10.00
011.50; yearlings, 4J.00(&9.50; ewes. $7.50Q
8.00.
St. Louis Hogs $9.85.
St. Louis, May 2. (P. N. 8.) Hogs Re
ceipts 10,500, steady. Pigg and UffhU, $7.60$
6.73; mixed and batchers, $9.65(9.80; good
heavy, $9.S09.85.
Cattle Receipts 3600, steady. Nattre beef
steers, $7JSOiilO; yearling steers and heifers,
$8.50(310; cows, $5.60fa8.25; stockers and
feeders, $5.50ij8.50: southern ateers, $5.75
8.75; cows and belfers, $4&6; native calves.
$610.
Sheep Receipts 1600, steady. Yearling
wethers, $910.75; lambs, $1011.70; ewes,
$7.504t8.85.
Kansas City Hogs $9.75.
Kansas City. May 2 (L N. S.) Hog Re
ceipt 18.000, lower. Bulk. $9.45(39.70; heavy,
$9.659.75; packers and butchers. $9.509.70;
light, $9.359.6S; pigs, $3.25ljx9.10.
Cattle Receipts 60O0, steady. Prime fed
teers, $9.359.75; dressed beef steers. $8Q
9.23; western steers. $S9.40; stockera and
feeders, $7rfi8-75; bulla, 5. 70(37.50; calvea.
$0.50(310.50.
Sheep Receipts 9000, strong. Lambs, $11Q
11.85; yearlings, $0.7510.75; wethers, $3.75
29.50; ewes. $8&8.85.
Omaha Hops' $9.65.
Omaha. May 2. Hogs Receipts 14,000,
lower. Heavy, $9.509.65; light, $a.40S8.55;
pigs. $8(39; bulk of sales. $9. 45-39.55.
Cattle Receipts 4000, steady. Native steers,
$S(&9.50; cows and heifers, $6.75Q8.25; west
ern steers, $7.508.75; Texas steers. $7(3
7.75.
Sheep Receipts 8000, strong. Yearlings,
$8.50(310.50: wethers, $8.25(69.25; lambs,
$10.50(11.60.
DAIRY PRODUCE ON THE COAST
San Francisco Market,
Sail Francisco, Cal.. May 2. (C. P.) Butter
Extras. 24c; prime firsts, 23ViC; firsts 23c.
Eggs Extras 21c; firsts, 20c; pullets, 19c,
Cheese Californis fancy. 12Vic; firsts, 11c.
Sattls Market.
Seattle, May 2. (TJ. P.) Butter Native
Washington creamery, brick 29c; ditto, solid
pack. 28c
Cheese Oregon triplets, 21c; Wisconsin
triplets 21c; ditto twins. 21c; x'oung America
22c.
Kgf Select ranch, 25c.
BANK STATEMENTS OP COAST
Portland Banks.
This week. Tesr sen
...$ 2,488,288.63 $2.4(12.321.86
... ii.uVO.8da. 31 1,7(19,799.94
Taoome, Banks,
$ 413,405.00
40.336.00
Seattle Banks.
Clearings $ 2,714,608.00
Balances 408,516.00
Clearings
Monday Tuesday
Clearings
Balances
11 bogs 211
3 bogs 170
2 bogs 170
6 hog .v i 220
2 hogs i 275
I 5 hogs 192
1 nog 01U
2 bogs 450
1 bos 810
S hogs 170
2 hogs 275
5 bogs, 170
5, bogs 192
1 hog .'. 150
2- bogs, ,. -H
1 bog 160
4 hogs 167
8 bog ....t... ....... 200
1 hog 410
8 hogs IIS
$9.10
9.10
6.00
8.00
6.00
8.00
8.50
8.00
8.00
8.10
6.00
6.00
9.00
9.00
.o
9.00
8.00
8.10
8.00
T.50
Early Advance in
Stocks. Lost Later
On Bear Movement
New Tor. May 2. Tbers was a heavy ad
vance in stocks at the open! oar of tbe market
today. Tbts wss followed toward tbe close of
the first hour by a general braak of half to
three points. After tb rlesuoat process bad
operated with th result of aggregate sales of
262,900 shares in the first hour, prices clear
serous the board stiffened and the market
looked to be somewhat rehabilitated. Railroad
stocks were In high favor. Europe selling
wti not as heavy as It has been, and tbe
strike qnestlon seems to have been eliminated
s fsr as Influence on stock price is con
cerned. Extra dividend talk, based 00 enor
mous earning statements, was tb dominant
factor favoring the bulls today. Erie. New
York CentrsI and Reading were extremely ac
tive in the early trading, but notwithstanding
this fact pricea advanced materially. Tbe
coppers were weaker than they have been for
some time. Anaconda and Butt sold down to
only a normal volume of transactions, and
the balance of the metal list readily reflected
tbe general reaction. Tbe steel issues were
slightly under yesterday's average place. The
locomotive stocks were heavily liquidated, and
values dropped considerably from steady
opening.
Marine preferred continued It active move
ment into new hands, and the price ranged
around 95 until the break, when it went to
91. Distillers and Motors wer speculative
favorite, and Mexican Petroleum received It
usual amount of attention, wltb a slight reces
sion of values.
Range of New York price furnished by
Overbeck & Cooke Co., 210-217 Board of Trade
building:
Description
San Francisco Grain Market.
San Francisco, May 1. No barley calls, on
account of election.
Spot quotations Wheat Walla Walla, $1.70
1.72; red Russian. $1.07H1.70; Turkey
red. $1.77fe31.S2Vi; blnestem. $1.87vSl-90.
Feed barley, $1.321.35; brewing, $l.S5(a
1.40.
Whit oats. $1.40 1.42 14.
Bran, $23g24.; middlings, $30(331; shorts
$20(827.
San Francisco Wool Market.
San Francisco. May 1. Wool, npr nnnriA
Humboldt and Mendocino. 8 months' growth
2123c; do 12 months, 25228e: middle cot.nL
ues, B mourns growin; good, 1719c; do
lair, luuiit:, oeu oiuii ana vicimtv. 'JIu.b
23c.
St. Louis, Mo., Max 1. (I. N. S.I Wool
uncnangeo.
' Oregon Apples in South.
San Francisco, May 1. (I. N. S.l -Ann's,
California. Pearmain, 90c (911.00 for 4 tier.
4 tier. i5efl$1.00: Jo 4U, tier. 70(S7Se- r..
rrrvr- und .liT!(rtiTl U4n. r, . 1 u. M -1 -
... - -o -. - i . ,
Newtown Pippins, 75cd$1.00 for choice and
$1.254f 1.50 for fancy, and $1.60(21.75 for ex
tra lancy.
Eastern Barley Markets.
Kansas City, Mo.. May 1. (I. N. 8.)
Barley, 68c.
New York. May L (I. N. 8.) Barley
Steady; malting, 79c.
Chicago. May 1. (I. N. 8.) Barley. le
signer, maiung, uieisuc.
Various Wheat Market.
Liverpool Cash wbest, d lower to 2
signer.
Chicago Cash "wheat lc -lower.
Kansas. City Cash wheat steady to le lower,
St. Louis Cash wheat steady and unchanged
Omaha Cash wheat unchanged to c lower,
Liverpool Cash Wheat.
Liverpool, May 2. (I. H. 8.) Wheat Spot
ro. i asaniiooa. izs lia: no. 3, no stock;
No. 1 northern spring, 12s 6d; No. 2 red
western winter, 11 6d.
Alaska Gold
Allla Chalmers, c
Allis Chalmers, pf
Amerloan Beet Sugar..
Auerican Can, c
American Can,, pf
American Car Fdy.. c.
American Cotton OIL c
American Linseed, c- .
American Lluseed, pf.
Anerlcan Ixh-o., c...
American Sjnelter. c.
American Smelter, pf . .
American Sugar, c...
Am. Tel. & Tel
American Woolen, c. .
Anaconda Mining Co...
Atchlsou, c
Atchison, pf
Baldwin Loco..e
Baltimore & Ohio, c...
Bethlehem Steel, c
Bethlehem Steel, pf....
Biooklyn B. T
Calif. Petroleum, c
Calif. Petroleum, pf..
Canadian Pacific
Central Leather, c... ..
Central leather, pf
Chesapeake A Ohio....
Chi. ft O. W., c
Chi. ft G. W., pf
Chi.. M. ft St. P
Chi ft N. W.. c
Cliino Copper
Colorado F. ft I., c...
Consolidated Gas
Corn Products, c
Corn Products, pf
Crucible Steel, c
Crncible Steel, pfd
Denver A R. G., r. ...
Denver ft R. G.f pfd...
Distillers
Erie, c
Frle. 1st pf
General Electric
General Motors
Goodrich Rubber
G. Northern. Ore Lands
G. Northern, pf
Greene-Cananea.
Hide ft Leather, c
Hide Leather, pf
Ice Securities
Illinois Central
Industrial Alcohol
Inspiration
Int. Harvester
luierboro, c
Interboro, pfd
Kansas City tontfi., e.
Lsckawanna Steel
Lebigh Valley
Louisville & Nashville.
Mtxlcan Petroleum
Miami Copper
si . lv. t T., c ....... .
Kennecott Copper
Missouri Pacific. ......
National Lead
Nevada Cons
New Haven
New York Air Brake. .
New York Central....
Norfolk ft W., e
Northern Pacific
Pactaic Mall -
Pennsylvania Ry
Peoples Gaa
Pittsburg Coal, e
Pittsburg Coal, pfd. . .
Prefsed 8teel Car, c...
Pressed Steel Car, pfd.
Ray Cons. Copper ....
Railway Sttl SprlDgs.
Beading, c
Reading, 1st pfd
Reading, za pra
Republic I. ft 8., c...
Republic I. A S pfd.
Rock Island
Shatruck Arizona
Sears, Roebuck ft CO..
Studebaker, e
Studebeker. pfd
Sloe Sheffield
Southern Pacific
Southern By., c
Sontbern Ry., pfd
Tenn. Copper
Texas Oil
Texas Pacific
Third Avenue
To.. 8. L. ft W-, e
Union Pactnc, c
Union Pacific, pfd....
U. S. Rubber, e
C. 8. Rubber, pfd
TJ. S. Steel Co., c
U. S. Steel Co.. pia...
Utah Copper
Virgin! Chemical, c...
W. TJ. Telegraph
Westin ghonse Electric
Open I High Low i Close
19 I 19-T4
2tt 20
27 27
foii 70V4
57 57
109 106
MM 624
'23 '
81 62
72 72
68V 68
iiovi iiiii
127 128H
46 45H
85 86
102 1 102
1OOV4110OV4
90S 90
86 A 8'
469
26
'eni-i
J(IH
22 i
8
'54
'62
R.V
94
127
53
43
'26"
94
83
62
86
52
164
77
40
llUSs
50H
28
148
45
112
16
159
22
4S
'54
'62
'is"
95
127
64
43
'20"
94
83
62
36
52
164
-77 i
I 0
lift
I 60
'si"
28
i49
45
112
17
2"
76
6S
5
1100
70
79
69
86
'67
4
66
17
69
iM
124
111
27
66
"28"'
102
47
3
S7
89
'42"
48
108
83&
iaa"
'53
53
21
60
49
im
10
61
134
63
66
106
83
115
81
61 U
58
89 69
r.2
23 2:svi
61 514
6S 68
66 07
112
ion!ioo
127 127'i
45 U 45
SS14I 83 V.
101 H.: 101 a?
i.V. .V. ft
100 ion
If i I"
fin I 8r.v
456 443'
130
"I
22 22
au I ae
166
63 63
110
e2 62
12
34 84
94 .l
12fll126
53 53
'm v-i
134
19 10'
94 93
80 81
.V... 114
10
in
60
85
61
163
416
76
40
119
49
ai
0 5)
7 27
1rf
146
60
B5
k. 1 1.
163
76'
119
4
70
79
99
86
66
105
124
111
28
66
'28
102
48
23
37
80
'42"
48
108
17
88
i32"
!145
44'
ma: 14
73
24
68 69
78 78
1Z4
I 65 96
BO ant
8
66 56
4 4
65 65
1T 17
59 59
i .
1104 104
I123!128
llljlll
1 Qf.LCl OA
65 55
102
Z7 27
100 uou
46 46
100
22 22
" B . VS
. -
45
42 42
47 46
107
1H
82
108
16
82
177
126 127
ij."' y
51 15
81 Bl
69 69
47U 47LL
184 185
10
81
a
133
82
63 tR
108 108
82 82
1115 115
VIS. I OATZ
7 7
41
60 60
66 57
Total sale, 661.800 sUaras.
Ex. dlT., 1.
BOSTON COPPER QUOTATIONS
Boston, May 2. Bid prieeav
Adventure .. 3!Mex. Cons. .. 42
Ahmeek . 99
Allouez 67
Aj-cadlan ... 7
Baltic 2
Belmont .... 6
Bohemia ... 2
Butte Bal S
Butte Sup 92
fa l X. irl. 111L
Cal! & Hecla.552 Osceola
Canada ls!" .ncy
Centennial . . .16 1 iia
Miami
Michigan . . .
Nev. Cons. . .
NipiSBina; . . .
North Butte.
North Lake .
Ohio Cop. . . .
Old Colonv . .
Old Domin. .
Chief Cona. .1 6-16
Chino 23
Cons. C. M. . 2
Cop. Range. . 64
Crown Res. . 60
Dalv West.. S
Davis-Daly .. 1
East Butte.. 12
First Natl.. 6A
Franklin .... ,
Goldf'd Con.. 87
G.-Canajiea .. 49
Gran by 87
Hancock .... 14
Helvetia 35
Indiana 4
Inspiration .. 44
Isle Royal. . 28
Keeweenaw . 6
Kerr Lake... 5
La Salle 4
Ike Copper. 16
McKlnley D. 68
Maie.fe-tic .... 80
Mason Valley 3
Mao Gaa... 13
Mass. Mifrrng- 12.
Mayflower . . a
R. H. : Co.. e 4i
Ray Cons .. 22
Banta Fe . . . 2
Shannon .... 0
Shattuck ... 32
Stewart .... 30
Success .... 70
Superior .... 17
Sup. & Boa.. 3
Swift Pack. .128 V?
Tamarack ... 64
Trinity
Tuolumn . . 36
United Fruit. 147
U. Pro S... 78
U. Shoe Mch. 6S
do pfd 29
United Zinc-91
U. S. Smelt. 72
do nfd 57 V,
N. Ver. Exn. 25
Financial Industrial, Development
Not) Issues of Federal Reserre Banks Will Be Brought Into Ques
tion on Account of Inability to DUUnsuih Between Tho4 oi
Liquid Character and Those That Are Not- i I
Utah Apex
victoria ....
Winona
Wyandot . . .
Yukon Gold .
Barnes K'ngs
Ton. Exn. . . .
41s
Fdral asaaarT yapav Money aa
Zssns It will not b long-. It la (en- i
erally conceded, before th) kind of
paper mony lsaued by tha federal ra
serve banks wilt b a subject of con
tention. Involved la ths question la
whether or not ths banks, by their ac
tions, are defeating: tbe principal pur
pose for which they are organised, the
issuance of an elastic and self-liquidating;
currency. The need of this last
named class of notes was met by per
mitting the banks to issue their cur
rency ag-elnat deposits of commercial
paper representing specific industrial,
commercial and agricultural transac
tions. ,
The Immediate redemption of the
commercial paper currency is assured
by a deposit" of 40 per cent or their
face value in void with the federal re
serve agent- Immediately after the
federal reserve banks began to issue
currency in this way they also issued
the same form of notes against tne
deposit of an equal amount of gold.
The reserve banks now have $165,000,
000 of circulation, only $66,000,000 t
which originated with commercial
paper transactions. The general pub
lic is unable to distinguish between the
two. but there Is a big distinction to be
drawn In. the matter of their contrac
tion and expansion In response to trade
demands. The gold notes are Inelastic.
The legality of the method of Issuance
of the notes wholly backed by gold
has been questioned in some quarters,
charging" that the spirit of the law has
been evaded, even if the end sought by
the reserve bank, to conserv the gold
of the country, was a good one.
Federal Keserve Bank Votes a Hew
Move. Two of ths 12 federal Yeserve
banks have now begun the Issue of a
second type of currency. They are
known as the federal reserve bank
notes but are no different in character
from the current national bank notes
of the present and paat and which the
federal reserve system was inaugur
ated to retire. As in the case of na
tional -bank Issues they are secured by
an equal amount of United States
bonds. Two things are accomplished
by their issue, however. One is that
it provides a way for the national
banks to dispose of the United 8tates
bonds which they had purchased, be
cause of the note issue privilege at
tached without breaking the bond mar
ket. It also permits the federal re
serve banks to earn about 1 per cent
on th currency thus Issued. As they
do not have to pay anything for their
deposits, all they can earn with them
Is to the good. The notes are not dis
tinguishable In the general mind from
the ordinary federal reserve bank notes.
Banks Perform Salooa Bervloe. Tha
banks of North Yakima are being
called upon to perform a service which
until recent times has been largely
taken oare of by saloons. The mer
chants of East North Yakima have
petitioned the clearing house to name
a bank which may be kept opnt
Saturday evenings to cash, workmen
say checks. Prior to the passage t
the prohibition law this service W
divided among the saloons and. t)
savings banks which' kept open fia
urday evenings. By a ruling of tl
Washington supreme court, growii
out of litigation over the cashing c
a check after hours, Bunday wl'
Washington banks begins at noon c
Saturday and continues until tl
opening hours 00 Monday mornln
This ruling caused all of the banV
except one to cloae at noon on CTaf
urdays. This bank served the ostr
district There now has arisen a d
mand for some place for the working
men to cash their checks on the -eat
side. It Is conceded that there Is I
gap In th consideration of the, eo'
venlence of their employes by' coi
cerns which pay by check on Satti
days and the accommodations afford?
by the banks, which compels ator
and other interests to bear the burde
of meeting the difficult. Tbe Jou
nal pays its force of employs on fi
days as one way of meeting this dl
flculty. j
Eastern Financial Gossip.- Two fa
tors were used in Monday's tradln
The big earning reported of the eon
blned New York Central Hoes vad
th Pennsylvania system, and the ea
Isfactory settlement of the anthracii
coal miners' and operators' dlsput
Higher prices and an Increasing d
mand for Allver Is noted. The aveta?
of 12 industrial stocks on Monday a
115.77, a loss of 1.29 from tbe prec('
ing session and of 20 rail stock
101.73, a loss of .05 by the same con.
parlson. v.A
X. T. Ooman Settled artvtlerswOv
ing to the illness of his wife, XVI
Co man, president of tbe Kxchange N
tlonal bank of Spokane, will not JJ;
able to attend the spring meeting p
the executive council of the America
Bankers' association, which meets
Brlarcllff, N. Y.. next Monday. Mr
Coman, John D. Hose, president of th
Union Savings St Trust company, c
Seattle, and R. W. Schmeer, casbif
of the United States National ban)
are members of the council from th
chief citlea of the Pacific northwea'
Mr. Schmeer left for the east todaj
He will be absent three weeks. 1
Emery Olmstead Baturos Today.
Emery Olmstead vice president an
manager of the North western Natiom
bank, who has been In the east sine
late In March, returned to the clt
today. Clarence Olmstead, who Sis
went east at the same time, return
to his window at the bank y es tarda
BUvertoa Defeats lVtgtatiag Xssv
The voters of Sllverton cast 288 vote
against and 47 in favor of wiring th
town for a municipally leased electrl
lighting plant thus decisively defeat
Ing tbe idea. On May 13. the coramu
nity will vote on Issuing bonds tor ii
nancing the establishment of a rrrunlcl
pal water plant. I
Chicago Wheat Is
Down After Good
Rise at Opening
Chlearo, May Z. (I. N. 83.) The bnlls pot
vrbeat price np at th opening of th pit
today, but failed to maintain their position
through the first boor. Baying and th ele
vttlon of values was based principally on
weather conditions and reports of green bng
da mag In many sections of the belt How
ever, general sentiment did ' not favor this
aa a propitioos Urn tor bullish operation of a
naterlal sort Greea bog sctivltie seemed
to be centered ta Oklahoma, according ta moat
of th statements. Tb local crowd bought
heavily oa tb strenjrth of this factor and
rrmmlsslon .boose wer Inside buyers oa any
flight recessions. May opened at 118, np,
and the low level in tb first hour was 116;
The deferred fntnres dropped almost 1 cent
ccder yesterday's closing prices.
Prices of corn and oats wer fractionally
higher at the opening and buying eemed of a
good sort with the support apparently well
maintained nntll tb general reaction occurred.
Prices then held much better than wheat,
which demonstrated tb fact that while the
upward trend of these grain will b mors
or lea controlled by tbe sctWm ef wheat,
th bresk sometimes establish tbcm In aa in
dependent position.
Ft an re ef Chicsgo price furnished by Over
beck Cooke Co., 216 217 Board of Trad
building.
WHEAT.
Open. HUrb
. 118 118
. 118 118
. 117 117
O0BN.
. 77 77
. T7 77
- T7 77
OATS.
. 45 48
. 48 48
. 40 40
PORK.
. 2400 24O0
. 2375 2380
. 2340 2340
LARD.
. 1306 1305
. 1810 1807
. 1312 1317
BIBS.
. 1305 1380
. 1290 1295
. 1305 1310
ADEQUATE 11 FOR
ENTIRE CITY'S NEEDS
IS
NEW
n,
Msy
July
September
May
July
September
May
July
September
May
July
September
May
July
September
My
Jnly
September
Low.
114
116
115
76
76
76
46
43
9
2888
2360
2340
1296
128T
1267
1273
1277
. 1292
Close.
114
116
115 B
76 A
76 A
76 A
46 B
43A
8A
2386A
2365
2340A
1295 A
12SOA
12V7A
1275
1282A
1295
Xew York Cotton Market.
Month
January . . .
March . . ..
May
July
August . . .
September .
October . . .
December .
Husband Alleges Cruelty.
Charging cruelty, Orson Hlatt ba
filed suit for divore from Etta Jane
Hiatt They were married at Miart,
Or In 1894. They have three children.
Open. High. Low. Close.
1274 12 fl 1270 1275
1288 1297 1285 1290
1219 1243 1318 1240
1238 1254 1236 1247
1248 1263 1248 1253
1255
1260 1260 1243 1266
12(6 1274 1284 1261
Member of Company Asks
That Improvements Sug
gested Be Made,
Vancouver, Wash., May 5. -That
adequate water service will be fur-i
nlshed all part of the city by the
North Coast Power oompany as soor
as the recommendations to be mode bj
H. L. Harries, a member of the eor-j
po ration, are approved, was the infor-j
matlon given last evening at the city
council meeting try representatives oi
the company. Mr. Harries said the
company expects to spend about
$60,000 In Improvements.
The city, clerk was instructed to
write W. Streeter of Portland that
no further delay In regard to filling
the old auditorium site would be eH
cepted. This was In reply to a letter
asking that further time be allowed
them, as the owners contemplate erect
ing: a building there as stoon as the new
bridge is completed. 1
A petition of several residents in
East Vancouver, asking for the. Im
provement of Ash street from Tenth
to Clarke avenue, and thence east tc
its end, we referred tb the city ecgt
neer and street committee. -1
M. O. Spurgeon, who operates ? a
candy wagon, was given ample time In
which to bo reconstruet the wagon to
oonform with the provisions of tbe fire
limits ordinance. j
' Divorces Are Granted.
Vancouver, Wash., May 3. A num
ber of divorces were granted Monday
by Judge R H. Back of the superior
court Mamie Martin was allowed a
decree from Edwin Martin on the
grounds of nonsupport and had her
former name of Mamie Morrison re
stored. Madeline Laraen was divorced
from Em4l Laraen. whom she married
in 1911. Abandonment constituted the
grounds on which the decree was se
cured and plaintiff was given custody
of three minor -children. Hose Ghent
was given a decree from Jack P. Ghent,
whom she married at Hlllsboro, Or,,
in 1112, and was given custody of the
minor child. Drunkenness and cruel
treatment were the grounds on which,
the decree was secured. : - ' j
- San Francisco Hop Market.
San Francisco. May 1. Hops. 1915 crop,
basis per pound, prices to growers: Sacra
mento valley, 910c: Sonoma and Mendocino,
12e; Oregon, 212c; Washington. 912c.
When writing or calling on silver titers,
plesse mention Th JouroaL (Adv.
New York Sugar and Coffee.
New York, May 2. ' Sagar, ceatrifuga!.
$8.46.
Coffee New York spot So. T Bio, te;
Ho. 4 Santos, 10e, -. . . .
Overbeck & Cooke Co.
Stocks. Bonds, Cotton, Oraln,'Xte,
gl 6-317 Board of Trade BuUdiag.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
- Members Chicago Board of Trade.
Correspondence ef Logan eV Bryan.
Chicago. New York. 1
Where Do You Want to
Send Money?
Drafts and Money Orders Issued on
All Parts of the World.
Extremely Low Rates to Europe
First National Bank
. OF K)RTlJiND
Fifth and Morrison Streets ; v I
Capital and Surplus - - - $3,500,000
information at Window No." 10
4 - .
1 '