THE : OREGON - DAILY JOURNAL, I PORTLAND MONDAY, . MAY 8, 1916. t.
13
POORER CROP PROSPECTS COMEiTO AID TO PRICE OF WHEAT
-v
EASIER TONE HERE IS
.... . ",.'--vJ , - ., j
NOW EXPECTED IN
j... ,n - f
E
MARE
FOR
GGS
General Feeling Among the Trade
V I. That lrice Will Ease Off
Fractionally During the Week
Much Depends Uimh Weather.
TUer Is every Indication of snessler tons
la the local eg market during the week. Oool
Weather Is epected to keep the supplies fairly
liberal. , '
Outside demand wan slow during th last
few days and there l no Indication of any
material change of the situation for the im
mediate future.
Storage oiwratKma are atill being carried
on In a limited war t Pnget round points,
hat the volume Is not liberal. Storage Inter
ests who placed high-priced stock la the' ice
fcouses are expected to fight against any re
duction lo prices that would entitle others to
gat their storage requirements for leas money,
therefore the ouuooa is not tor suy serious
disarrangement of values. If prices should
drop fractionally it would mean that storage
operations here would go forward! on a mope
literal scale and this tn itself would Dare
the . effect of stimulating the market and
ttktng car of whatever surplus came forward.
There la at present but little surplus In
sight here, but the general Ideas of the trade
art for a slower outside caiu
NEW POTATOES ARE DOWN
With the arrival of another carload of new
arop garnet potatoes from the south daring the
Jar. the local market Is showing the ex
pected drop in price, aie now general si
VC a pound for best.
STlfAWBKKIlIKS ARE STEADY
Market for strawberries Is holding steady
f along the wholesale way with sales of best
California stock at gl.HO per craite. Receipts
f Oregon are increasing, with sales st 12.25
100.
CABBAGE MARKET EASIER
Slightly easier tone is shown for cabbage
here. Another carkiad of l.os Angeles stock
came forward during the- day In good condi
tio. It was quoted generally at fs.wiaa.ja
per hundred pounds.
NEW ONIONS ARE LOWER
Jk rarlnad of new cror, wax onions cam
forward from the Imperial valley during the
day and sold at I1.7S6i2.oO a crate or frac
tionally lower than previous quotations. Old
jealous are lu be tier demand.
INSURGENT BANANAS HERE
The tralnload of ''Insurgent" banstms was
I Unloaded along the street during the day In
good condition. The "rwtlacs will hove
I their truliiload In Wednesday, tine smpmeni
I being reported 014 of Hillings, Mont., Sutur-day.-
1IBIEF NOTES OF THE TRADE
A mixed load of vegetables iu from Sacra
mento. , I"lsb market holding steady for ssluton.
Country killed eulves firmer and higher.
Hams are showing a email advance again.
Kules of small slxed apples down to 50c a
California cherries slow sale because of poor
quality.
Spitzenberg Gets -
Fayorablp Prices
In Season's Sales
Hood River Returns Are $0.81 for
Extra. Fancy 250s and Larger
. for the if ear. f
Hood River, Or., May 8. The Hood River
Apple Grower association bat today closed
its pools on the Spit sen berg apple that rep
resent the larger- per cent of tb apple crop
grown In the Hood River valley. There Is
not a grower in the Hood Biver fruit indus
try who I no( Interested very largely In the
growing of the Spltxenbergs. Manaser A. W.
Btone of the association said today:
"W are today sending to tbe growers of
thsr association taelr final statements on tbe
Rpltzenberg pools for the season 1915-191C and
tne prices received show that there Is still a
good profit in growing apples In the llood
Itlver valley if the right varletlea are grown
and the growers take tb proper care of their
orchard, that will Insure them the right pro
portion of the extra fancy and fancy grade,
and tbe solution for this will be to spray
consistently and dellgently. Tbe price for the
Kpitcenbergs are as follows:
"Blue Diamond brand (extra fancy) sizes 250
nd larger, (1.81 per box. Ked Diamond brand
(fancy), sizes 250 and larger, $1.47 per box.
Mountain brand (C) sixes 250 and larger. $1.10
'per box. The growers will readily see the
great significance of these figures, when they
figure from tbe bads of the 250 size and
op, and Hood Hirer Is , ready to compare,
prlees with any other district in the north
west for furlt of like kind, grade and sixes."
Wllmer Hleg, sales manager, states that
these prices are perhaps the highest received
In the northwest this year for like fruit and
when the 250 size is Included, are very high.
CATTLE RECORD AGAIN
BROKEN" AT $9.15 IN
NO. PORTLAND YARDS
Sale of Xxatl of Yearlings Goes
at Highest Price Ever Known In
Open Market- Hogs Sell as High
as $9.20 Sheep Scarce.
HOGS 60 AT S4.S6.
Lt in the afternoon there was a firmer
tone for hogs at Horth Portland and one lot
soldv at S9.2&, or aa advance of 60 ever the
morning. Last Saturday sales were mad at
9.0u9.05. '
" FOUTLANO LIVESTOCK UDN-
Monday ..13420 476 14 454
Saturday i 177 8 1 45
Friday .' 52J 19 5 250
Thursday J. 346 192 19 14
Wednesday 349 1X9 ' 3 120
Tuesday .....1014 73 S 81:1
Week ago 4257 434 29 :!00
Year as. 1387 813 13 000
Two year ago .1428 1048 39 2712
Three years ago.' ..: ,3178 720 5 1740
SHIPPERS' WEATHER NOTICE
Weather bureau advises: Protect shipments
luring the next 4S hours aa far north a Se
ttle .agalurt lnnxlmmu temperatures or aoont
M4V degrees; northeast to Skane, rn degrees;
hootheaat to Uulse, 00 degrees; toutli to Aab-
nd. M degrees. Maximum tenipecature at
'ortiaud tomorrow alxiut ut degntea.
JOBBING PRICES OF PORTLAND
.These nrleea are tliotie at which wholeaulera
Well to retailers, except n otherwise stated:
Dairy Produce.
fJUTTKR 1'rliits. eilras. i'le; prime firsts,
CTi- (Irs tK, 2'.je; culien. extnm. 27f(,-Mi":
hrrlma first. 25 ; first. iKU'-H'iiC per ll.;
Idalrv, 1!(JiK-.
Bu TTEKl' A T --- rortlsnd delivery -o. 1
ponr cream, sc: ro. 1, soc.
KUU8 twlllnfj price lir ilealers iinnettK-ii.
ellvery extra: Selected fresh. mSt.2n: d"X. ;
ase count, luivliig price: Oregon ranch, 21 ic'
LfVK I'OrLTIlY Menu. Heavy. I'lymouin
UM-k, ITt44lc: ordlnnrv chu-kens. IiVjC lt. :
tags, 12c; broilers. $S0 lioscu: lurke.vs, -u
i!ic;' dressed, fanu. 2tKy,27e; culls. U'dJiX:;
IgetMW. l(oll.20; npialw. t 2t) den; geese.
tve. 10A WHt: I'eklu tineas. Dill. IK 10.,
Oung and hearv. l.He; luilwin Kiiiiner.s, J K
.et lb.
CUKraB Selling price: Kren urenon raney
Ull; cream twins xnd triplctn. - per lb.;
ung America luc I'rice tn Jobber: I-lain.
He; i'ling AmerleST 1"", r cream
iriek 23't2le: lliMberuer. 2Ji'it2 Ic: VV Iswinsln
heel, 34!tj :;ie: block r is.
Fruits and Vegetables.
FBKSH FKIHTS Oranges, fancy navel.
tz.OVtia.SS; banana", 5c lb.; lemons. .mill
i.25 box; gra'fnilt. Horlda. 4..Viftf r..2r, ense;
Llnetmiles, r'Aile per lb.; ean, 1 .7t: 2 .l.
rlBiKttlKr4 nimwiirmrj, r ihm 111, i wv
.6f Oregon, 2.2..it2.,.o.
APrlJ'-S Ixx'al, liil. per ln.x. acenru-
ng to ouauiy.
OTSIONK So. 1. II. in per ccnliii;
1.25ftfl.50; sssorlatlon selling price. cuili-i'!s.
1.50 f. o, b. ifotintrv points; gallic. 12'c;
hides, each, $2.00(!i3XO: horsehair, 28c; dry
long wool pelts, 20e; dry short wool pelts, 10c;
dry tbecp shearlings, each, 10fi2.'ic; salted
sheep shearliugs, each, 15(ij,25c; coarse valley
wool, at market value; medium valley wool
at market value; mohair, 4!A4lic; No. 1 tal
low', 8c; No. 2 tallow, 7c; No. 1 grease. c;
dry goats, long bair, lHc; dry goats, shear
lings, each, lu 20c; salted long wool pelts,
April, 1.504i2.5u.
TAIXOW No. J, 8c; No. 2. 7c: grease. 7c.
CH1TTIM OR CASCAKA KAKK hujing
prices, per car lot, 4 He; less than car lots. 4c.
MOHAIR 191ft. 43a45c lb.
Paints and Oils.
COAL 0II Water white, In drums snd Iron
barrels. 10c.
LINSEED OIL Raw, bbls., 82c gallon; ket
tle boiled, bbls., 84c; raw, case, 87c: boiled
case, 89u gal.; lots of 250 gallons, 1c less.
TDRFKNTINB Tanks, tiTc; cpses, 74c gal
lon. WHITE LteAD Ton lots. 10c lb.; 500 lb.
lots, 11c; less lots, 11 Vic per lb.
OIL MEAL Carload loU, less than car
lots. $35.50.
OASOUNE BasU price 1'JVjC per gallon.
AMERICAN LIVESTOCK PRICES
Kansas City Hogs 19.80.
KsnusCltr, Mo., May 8. (I. N. S.) Hogs.
Receipt. 12.000, lower. Bulk. $9.55rt9.75:
heavy. .70fcL9 ); packers snd butchers. $9.00
U8.75; llKbC9.&Ou0.7O; pigs. 8.50ft9.25.
Cattle Receipts ll.ooo, steady, i'tirae fed
steers, g9.25iU9.u6; dressed beef steers. $8a
9.25; western steers, I.f((i9.85; stockers and
teeners, $7fu;8.75; bulla, $3.707.5O; calves,
IrtWfiilO.IW.
Shetp Receipts 10.000, steady. Iambs. 9.25
(Efll. 00; yearlings, SM.5oU10.75; wethers. 7-jO
(Utf.50; eweN. S7ij8.tt5.
St. Louis Hogs $9.95.
St- Louis. Mo.. May b. (1. N. S.) H
Rtcelpts lo.otio, steady. Tigs and Ught8. (7.75
rult.lK); uilxel snd butchers, $ll.7D(ny .IK; gcnxl
heavy. $u.lM)(u,9.95.
Cattle Receipts 2000, strong. Native beef
steers, $7.fit'ct9.sr; pearling steers and heif
ers, tS-SOfji'lO: cmvs. 5.25dis.25; stockers
snd feeders. S5.50frjs.50: lexaH and southern
steers, g5.7RCuiH.7o; cows aud belters, $5(d)k;
nettvc calves, 5tCnlO; prime southern steers,
$9(39.50; prim yearlings and heifers, $si7r)
9.50. x
Kheep Receipts 4000, steadv. Wethers. $7
8.50; lambs. J 10 a 11. SO; clipped ewes, 7.50'J
9.25; clipped la tubs. $99.tso.
Denver Hogs $9.45.
Denver. May 8. Cattle Receipt 400. firm.
Beet steers, $7.7516.85; cows and heifers,
$o.73ft&7.85: stockers aud feeders; $7a8.4'J;
calves, $1012.
Hogs Receipt 800, weak. Top. $9.45; bulk,
$935C;tf.45.
SLeep Receipts none, steady.
Beattla Hogs .2S.
Heattle, Wash.. Mav 8.--(l'. N Sr:)
Receipts 1ti3, steadv. I'rnne lights.
It. 25: medium to choice S9.00(U.15
henvles, $. 504l 1.75: roujrh heavies,
b.2,i; pigs. $8,000" M.7o.
tattlo RecelptK 30, Btetidy. Heat steers $8.50
9.W); medium tt, choice. SS.oortf 8.50; com
mon to medium, fo.riO(n7..iO; best cows, $7.00
w'r.oO; common to memtiin cows. $4.(K)38. SO;
Iiu11h $4.fK''i.."iO: calves. 17.50M8.50.
Sheep Itei'elpts none, steady. Lnrnbs $10-00
grll.fto; yearlings, $9.00(48.00; ewes, fl.butjg
8.00.
-Hog
$9.20 (ii
smooth
$8.00C(j)
DAIRY PRODUCE ON THE COAST
Iiew onlrms l.T5ra2.i0 crate.
POTATOltB seiiinir prii-e: wi,
50; bovine price.. $1 .OOtu, 1.2.i per (ceninl;
hew Caltfonda, .tlc; aweets. $3.50.
.VEGKTABLES 'niritlps. or.c tizt'ii btinc:ie:
tts," 65c per dozen bunches; carrots, ti.'o per
noaen nuuenea ; paraiiip. fi.vnf mi-i , rannnjEr.
S.uO par cwt..; green tuiions.. .m- cwch
nches; pepiiers, riorum. itc ao.en; neau
UttiiMi rnllrrnlii . I2.ii per tTHte: ceierv.
rands. .i..iO: eauuiKiwer. tocai. 1 .t"i .1 . 1 o 1
t down; r'rench artichokes. 75c; aap:ira
tis. loosl- iois)c dosen banches: hot
house cucumbers, $1.00Cdl.oO doaen; tomatces,
lor Ida. $4IO: egg plant. lb.: cprou's.
Ic; spinach, $!. per Iwx; rliubarb. 1 '. CfCilc
r 10.; pea. omm'c in.
Msats. Fuh and Proviiions.
TRKSSEI) MKATS. -Selling yvUr: Country
lljed fancy hogs, lie; poor, iMfcloc l-r lb.;
ancy veals. He: oilnary. lOc lb.; gi.iU. 3
tSe lb.;Srliig lamb. 17c lb.: inn II on. 10c lb.
reakfast bacon. ' 17U.ir lb.: twlled bums,
Oc lb.; picnic, lHc: cottage roll; 13Vjc; Ore-
on exports lngiIU,ic per in.
satern. 65c can, $J.5 doseu' eastern In snell,
Seattle Market. '
Seattle, May S.--(U. 1'.)- Bui ter Native
nshlngtou creamery, brick, ic; ditto solid
pack, 2nc.
Cbeese Orepon triplets 21c; Wisconsin trip
lets, Zlc; ditto twintt, ile; lotitig America
22c.
Eggs Select ranch 2He.
Ban Trancisco Maxket-
Ran I rancinco. .May 8. 1 1.1. I'.) Buttei
E.trss, 24c; prime firsts. 23'c; first, 2T,ic
Kegs EjlUus, 21 jc; flrBts, 20',j,c; pullets,
19 isi:.
Cheese California fmicv. 12V:,c; firsts. 12e.
Los Angeles Market.
Los Angeles, Cel., May . (f. N. S.) Eggs
1 ase count, nc.
Butter Kresh extra 20c.
San Francisco Grain Market.
ban I ranclsco, May 8. --Barley calls:
May 8. Mav .
Open. t lose. (:lo-cp.
Miiv 1 i;i5i4A 127 '
II ..1 - -W Ifl-H' I'JO,
Spot quotatlona-Wheat Walla Walla $1.70
ftil.72',.,: red Russian. $l.7'a(al.70; Turkey
pen. $i.t? i.ratj ; oiuearem. fi.Nttrci.utt.
Keen buriey i.;to; brewing,
White oats $1.42 Vtfl-'l''-Hran
$23.0O((i;24.O0; mlUilllngs, $30.00(21
slurrts, $:A27.
m exports loftniu'uc per in.
OVHTKRii olympln. twr tralb'n. S3: canned
1.8 tier 100: rssir claim. 12'i.e dnxeu; east
rn oyster, per gallon, solid park. $.1.
FIHH Urescea nonuoers, ic; cniiitMia m-
on. 11c; perch. 744H1: per lb.: lobtters, &c:
ilver smelt. 8cr salmon tronit. 12Vc lb:
slibnt, ttl-': torn coo, ic; Diat a uass. 1 VjC
. ; shad, oresseo, ic 10.
CBAHS Large, $1.75; medium. $1.25 dosen.
LARO llerces. kettle rendered. 14tac:
tsndard. 14c.
Irroceriss.
KPRAR f'nlie!. $9.15; powdered. $8.90: fruit
,r berrv. 48-40- beet, $s.20; drr grsnulated.
Ls 40: 1 vellowj $7.80. tAltove uolatlons are
k lays net cash.)
KICK Japan 1 style. No. 2. 4'c; New Or-
ts, head, 54teV4e; blue rose. 5'ac.
HALT Cosrsft. half grounds, loos. $10.50 per
: 60a', $1130! table dairy, 50s, $lfl.(X); loos.
ICBO; bale. $2.25; Inmp rock. $20 per ton.
RKiXS-Mmill white. $8-25: Urge wlilre.
.10: pink. $0,115; lliuas, $5.75; bayou. $J.25;
rd. .. ; , ...
nop, w oct ana. uiuwa.
HOsW Nnurlnsl .bttvlnz price. 1915 cron
holce, 11c lb.; prime, loe; medjlum to prime.
(ffvc lb.
WUOi-Nominal, ISMO cup: wiuameue vai
y coarse Cots wo Id. 33c; medium Hhropshire.
I32c: fine, uO(U31c; eastern Oregon. ISii
oc.
HIDES Raited bhles (25 'pounds and npt,
Ic; salted stag (50 lbs. and np). 12c; salted
Ip 15 lbs. to 23 lbs.). 17c; tatted calf (Up
1& lbs. 1 22cj; green hides (25 lb, and up).
4c; green stsgs (50 lbs. and up). 10c; greeu
Ip (13 lbs. to 25 lbs., 17c: greien calf, (np to
5 lbs.). 22c; dry flint bides. 28c: dry flint
lilt (up to 7 lbs.), 30c; dry salt hides. 2:1c;
ry horsenldes.- each. 75clU$I.A: salt bnrse-
New lork Cotton Market.
' Open. High. Low. Close.
,riii:tiary 1323 l.iS.i 1310 1310
March 1330 133K 1325 1314
May 1272 1275 124 TW4
July 1280 J2H3 1272 1272
August 12S 1290 1 2X3 1 23,
( toiler 1297 1.122 . 12K!) 12w
December 1320 ;32t 1304 1304
Butter Supply Is
Piling Up With a.
Much Weaker Mart
' U
Conntty Creameries Tom Out In
creasing. Surplus Which Sells
Very Slowly.
Butter supplies are piling np In the Pacific
northwest and further weakness Is showing for
cubes.
City creameries .are still disposed to bold
prices fftvthe former point and while cubes
are being offered at tower prices, prints are
unchanged generally.
The smaller Willamette valley creameries
as well as In Central Oregon, are showing
fcUrplus supplies and are experiencing diffi
culty in cleaning np above 25c a pound for
anything in the eu'je line.
The trade here continues to pay more or
less attention to the- California markets, bat
quotations there are misleading to tbe aver
age reader, because, they are on an entirely
different basis from the loeal market. Here
the prices represent the actual selling values
of the product while in San Francisco pur
chases of butter cannot be made except at
n advance of about 2c crver official quota
tions, while in Lo Angeles a still higher dif
ferential ls shown.
Cattle market records were smashed at North
Portland when the week's trade opeued. A
tale ot a carload of yearling steer was made
at $9.15. The cattle were purchased by M. J.
Gil! of this city and consisted of 32 head of
Duln-fed yearling steers from Bnrlev. Idaho.
The shipment was made by tbe I'ortladG Feed-
ccmpany, of which Frank Burke ls the di
recting ead. The icompany also brought in a
number of o titer loads of pulp-fed stuff from
Idaho. One load was sold at $9 and two oth
ers went at $,.o to the Union Meat company.
The carload of yearlings that brought 15c
above any previous open market transaction
tn Vortland averaged around 901 pounds, while
the average price paid for the steers was
$82.85 each.
'The transaction ; shows." says Mr. Burke.
'that there ls a really irood market here all
the time for quality stuff, aud baby stuff
especially is finding favor with the trade and
pays best to tbe country feeder K property
taken care of."
Tbe general cattle market was considered
steady to firm during tbe day.
General cattle market range:
Choice pulp-fed steers
Choice graln-fe steers
Ordinary grain-fed steers
Choice bay-fet steers
Good tteert
Ordinary to common steers....
Choice cows
Ordinary to common cows
Choice belters ,
Ordinary heifers...
Choice bulls
Good to fair bulls..-
Ordinary to common bulls
Best light calves
Good calves
Bun sf 6heep Disappointing
Contrary to expectations of the trade, there
was a very small nun of sheep and lambs re
ported In the North Portland yards over Sun
day. Total arrlvalsi (luring tbe period were but
454 bead, but this Was u (light increase over
the same period a week ago, when the showing
was 300 head. General Ideas of the trade, bow-
ever, are that tbe Run will show some Increase
during the present week. Is the meantime
the market stands1 In a very firm position.
with not enough stuff coming to fill even im
mediate requirements of the trade.
treneral shorn mutton and lamb range:
Select spring lumba $10.0010.25
Best vearllugs 8.00U) 8.75
Good to common wether.. T.50(J 7.73
Best ewes 7.00
Good to common ewes
Hog Sun Less Liberal.
Last Monday liberal run of swine at North
Portland was not reached by the marketing
over Sunday. Total arrivals since Saturday s
report couslsted of 3420 bead, compared with
4257 head last Monday sod 1387 bead this same
day a year ago.
General hog market condition, were consid
ered steady to firm, at North Portland during
the dar. Sales 01 tops were made
$9.10(39.25 for extra good stuff.
General nog market:
Choice light weight .
Early Trade in
WHeat Is Higher
Chicago Prices Swing Upward, But
Later Depression Forces Quo
tations Lower.
Edited 1y
Hyman H. Cohen
TRADE IN WHEAT HAS
BETTEIT FEELING WITH
' A VERY POOR OUTLOOK
Crop Ideas Are for Cut in Produc
tion in United States Chicago
Is Higher for Options and Liveri
pool Cargoes Advance,
.$S.900.IB
8.75
. 8.25(38.40
. 8.50g8.75
. 7.508.80
. 0.00(7.00
7.50
. 7.257.35
. 7.50ta7.73
. 7.0047.25
. 5.50(0.00
. 4.005.00
. 2.00(B2.75
8.00
7.0067.50
Chicago, May 8. (I. N. S.) Wheat moved
upward In all classes at tbe opening ot tbe
grain pit today. React lonary tendencies de
veloped, however. In the early trading and
tbe balls were unable to cope with tbe sit
uation to the extent, at least, of supporting
the price rsnge.
Msy and July wheat were about Vc up and
September steady to the close, when first
sales were recorded today. Values immediate
ly climbed fractionally higher, but failed to
Lok! and a general break carried tbem slightly
under last week's close. Thia occurred In the
first hour, and It was the general opinion
that higher levels were yet In store for (the
market leader. Report of various conditions,
principally of stocks and damage and esti
mates of the future crops, were of a general
bullish tone.
Corn followed the actlofl of wheat In open
ing fractionally higher and after advancing
from c to He, reacted to about .c under
Saturday' closing sale figure. A recovery
movement, -augmented by professional buying,
pu this grain in a better positkm toward tha
close.
Oats were irregular, but more active thnn
thev bsd been, and, tbe general trend of prices
indicated thst a movement has started iu
this grain.
Range of Chicago prices furnlfhed bv Over
btck & Cooke Co., 216 217 Board of Trade
building.
Mav
July
Sept.
May
.lelv
.Spt.
Mcv
Julv
Sept.
May
July
Sept.
Mav
July
Sept.
May
July
ipt.
Lrfisr. year the winter wheat
crop was placed around 65i,
Government Report TBoxprlse.
The report of the govern
ment issued during tbe day,
was somewhat of a surprise,
indicating a condition of 82.4
per cent for winter wheat with"
an abandoned acreage of 4,235,
000 acres. The winter wheat
crop Is estimated at 499,000,
000 bushels, which would give
a total wheat crop of approxi
mately 900,000,000, or a greater
amount than expected recently.
"
Broad and: Active
New York Market
Stock Trading Starts With Continu
ation of Saturday's Bullish Tone ,
Steel Less 'Active.-;
NORTHWEST GRAIN RECEIPTS
-Cars-
New York, May 8. (I. S.)A broad and
active market which assumed the proportion
ot Saturday' bullish affair, featured tbe
week's opening activities on the -stock ex
change today. The rsfla dominated tbe early
trading and the volume of sales consummated
in tbe first hour ass larger than lu several
nxutbs.
Nearly every stock In this department ex
hibited new strength and popularity. Atchison,
Erie, Great Northern, Norther Pacific and
Southern Psclfic were fractionally p and ac
tive, scoring from to 1 point in the active
trades. Reading, St. Psul and Union Ps
clfic were must active aud all three stock
posted substantial gains.
The steel issues were not a active as dur
ing the end of last week aud Crucible flnc
tnated on a lde margin, opening at 81'i,
going, to 83, aud roasting to the opening
price within the first 60 minutes.
. United State Steel opened under, but
rapidly advanced at Saturday's close at 84.
Capers aud other metals were more moderate
ly treated, but for the most part were frac
tionally higher and firm. Tbe Industrials were
Irregular and the locomotive Issue recovered
loesea Immediately . after tbe opening. Car A
Foundry wa strong. Motors was most heav
ily handled of any stock iu tbe tin during the
initial hour. ,
Ranre of New York price furnished by
Overbeck & Cooke Co., 218-217 Board of Trad
building. ) '
zx:
Finance Commerce Industry
Portland Gas . and Coke and Pacific Power and Light Companies'"
Earnings. Show Slight Improvement for April, Hut Increases
Are Offset by Larger Operating Expenses. . I
866,000 bushels and the total N
crop at 1,022,029,000 ,buahels.
" .Si
round
Good light weights! .
Aieoiom wetgnis.
Rough and heavy i
Monday Livestock Shippers.
Hogs J. W. Hirks, Wasco, 1 load;
Kimball, Garfield, Wash., 1 load. W. J
mins, 1 load, Columbia, Wash., 1 load;
Milne, Wasco, 61 bead by boat; A. F
$n. town 25
8.9019.05
8. 50 (itS. 75
8.00fa.2o
Bert
P.
Hall,
Twin Falls, Idaho, 1 load: Community Farm
Elmore, Idaho. 1 Load; H. R. Peacock. Can
yon. Idaho, l'losd; Farmers' Niciety of Kjuitv
1 load: Li L. Miller, 1 load: M. Cole. Balttr
2 loads: M. K. Ilodd. load: J. Kelley. 1
load: II. M. bommerer, Lmatilla. 1 load: J.
N. Stauflcld. 1 load; S. U. Castle. Blaine:
Idaho, 1 load; A. L; Swlgert. I matllla, 1 load;
Y . I:, tiraham. I nlon. ii loads, J. v. ( handler.
1 loud: l.l);in Forwarding company, Wallowa.
1 load; J. C. Moneymaker. Adams. W anil.. I
load: M. It. Wheeler. I.inn. 1 load: l. II.
Htldebrand, Gilliam, 1 load, A. II. Porter, 1
load.
Cattle Portland Feeder Co.. Utah. 2 loads.
Cassia, Idaho. 2 load: J. L. Rurke, 2 loud;
Frank Correa. Lmnttilla, 1 load. Runs & An
drews, 3 loaiin: . E. Uorsline. nmbilU 1
load; Pendleton Meat Co., Oarfield, Wash., X
load.
Mixed stuff J. S. Flint. Lane, 2 loads cat
tle, calve, hogs snd sheep: H. R. Peacock,
t'anvou, Idaho. 1 i cattle aud hogs: J. A.
Kelley. Washington, Idaho, 2 loads cattle and
hogs; R. C. Davidson, Canyon. Idaho, 1 load
hop and sheep; J. O. bowker, 1 load csttle,
calves and hogs; Dicker son ft Halley, Wah
lngton, Idaho, 1 load cattle snd hogs; O. .
(rorsliue, Yamhill, l load cattle and calves:
C. R. Esslinger, Sherman, 1 load cattle and
bogs; J. E. Kennedy, Jefferson, 1 load hogs
and sheep.
Monday Morning Sale.
FULP'FED. STDfiRS.
Ave. I.bs
.... 900
WHEAT
Open. HlgV I-ow. (lose.
115 115; 1141 IMS
lie" 110 not, n.W
110 HOI , 114' 115ViA
cortN
7714 77 75H 75 A
76 - 741-s 74 i.i. B
757 70 73'i 73'AB
OATS
48 14 48 14 47 47',-iA
43'li 441 . 4.1'i 43N,
40 39 39iA
POlsK
2415 2415 2400 2400
230 2405 2.W1 2.".80
2370 2;t70 2.117 2.147
LARD
1312 i:i12 1302 1302
1.110 i;;i2 i:wo ' 1302 B
1317 1322 13U) 1310
RIBS
1275
1299 I29t 1275 1 275
....i:i02 l:02 1285 1287
POTATOES ALONG THE COAST
Seattle Market.
Seattle, Wafti., May 8. (b. P.) Onion
Oregon, 232c: Yakima, Hje.
Potatoes White Hirer. $i-628: Yakima
Burbanks, $3234; Yakima (iems $3034.
Baa Francisco Market.
San Francisco, May 8. ill. P.) Potatoes
Per cental. Deltas, etf-wharf ondloary, Sl.fKKt
1.25 per hnndred; Shlmas, $1.45fttl.0O; Oregon
faneji, $1.60$1.75; Idaho Gems, $1.0yi.5;
Washington $l.tio3l.t..
Onions Per cental. California e-lcebonse,
repacked $1.50; Oregon repacked. $1.60 1.80;
Australians, $2.75t3.00.
BANK STATEMENTS OF COAST
Portland. Hon.. 23
1 ear ago 15 .
Season to date.. 9,875
iT ego 15,773
Trcoma Sat'diy 10
Year atdrr: 80
Season to date.. 6.616
Year ago 8,827
Seattle, Sat. ... 5
Year aco .tb
Season to date.. 7,501
tear ago 7.570
Wheat. Barley. Fir. Oats. Eay.
13
3
1739
isia
1512
1873
"
501
5dO
'V3
1229
1052 2175
5
1974
2 15
7 9
969 2570
1832 1952
J 10
19
2197
i7H
13
59
?,Kl'2
3.'i95
S30
603
"31
92
1176
There was a better feeling In the Chlcaeo
trade during tbe early session for wheat and
prices were higher, due to th emectatimn
of a government report showing a serious de
crease in American crop prospect.
'There wa also a firmer trend In th wheat
trade abroad. Broomhall cabled that Liverpool
wneai openea rirm with the cargo market
about 6d dearer with firmnesa of M.nltoha
offers.
Weekly shlnment from North America
Wheat 10,040.000 bushels; corn, 778,000 bosh
els; oat 2,436.000 bushels to tbe United Kingdom.
Rufiaa weather 1 milder at the port of
Archangel and the river la free of Ice and
navigation la open.
Argentine weather Is fine for planting and
the movement of grain.
Locally the situation remains ertremelv
quiet in the wheat trade, with little buying
reported In the country, although both oats
and barley continue firm in tbe country.
ILOLiR Selling price: Patent, $5 20; Wil
lamette valley, $4.90; local straight, $4-603
6.O0; bakers' local. $4.805.20: Montana sprlmr
wheat, $6.10; exports, $4.50tf4.7o; whole
vbeat. $6.o5; graham, $5.40; rye flour, $503
per barrel.
HAY Buying price: Willamette valley tlro-othy.-fancy,
$20; esatern Oregon-Idsho fsncv
timothy, $21 22; alfalfa, $21 22; vetch and
oats, $18; clover, $16.
GRAIN SACKS 1916 nominal Jo. I Calcut
ta, 13Hlle tn carlots; less amounts ere
uiguer,
M1LLSTCFFS Selling price, carload lots
bran $23; snorts, $25.50.
ROLLED 0AT8 $ti.506.73 per barrel.
ROLLED BARLEY $31 JS032.50 per ton.
After the government report was made pub
He the Chicago market showed reaction and
closed lower. , On tbe Portland Merchants
exchange tbe market was firmer, unchanged
to le nigner man Saturday.
Mar oats bid were strong and unchanged
likewise barley. No sales in any line.
''Merchants Exchange Msvprices: 1
WHEAT
Description.
Open. Ck4.
.. 21
7
09
66
Akbka Oold
A Ills Chalmers, c
AUls Chalmers, pfd....
Au.erican Iseet Sugar. . .
American Can, e
American Can. nfd. ...
American Car Fdy.. c. .
American Cotton Oil,' c.
American Linseed, c. . .
American Linseed, pfd.
American Loco., c
American Smelter, c. . -
American Sugar, c
American Tel. & Tel...
American Woolen, c. .
Anaconda Mining Co. . .
Atchison, c , .
Baldwin Loco., c
Baltimore Ohio, c. J3
Bethlehem Steel, c 434 Vt
Bethlehem Steel, pfd.
Brooklyn Rapid Transit .
Calif. Petroleum, c
Calif. Petroleum, pfd. ..
Canadian Pacific
Central Leather, c
Central Leather, pfd. . . .
Chef a pease & 0U"
Chicago & Gt. W., c.
Chicago 4 Gt. W.". pro..
Chicago, M. & St. Paul. .
Chicago ft N. w., c.
21)4
27
78H
70
66 Vi
109
6014
53
22
403
69
14
....23
, ... 50'a
. . . . . 7
88
. ...110t4 110
....127 128
....127
. ... 85Vi
. . . . 102
24
60
108
53
61
12a
93i
127
Chlno Copper 54
Oas Oompaay dross Xaralmr Snow
a SttffB unprovsiasat, aiio April,
1918. report of the earnings' of the
Portland Oas St Coke company shows
a very alight gain in gross earnings.
compared with tha corresponatng
month of last year, a 2 per cent In
crease In operating expenses, which
offsets by more than $1000 tbe Increase
in gross earnings, a consequent loss
In net earnings from operation and tn
rather large decrease of 18 per cent In
the balance added to surplus account.
Tha comparison In detail Is as lot-
lows:
April
1916.
arasa Mrnlnn S97.H06
Operating expense. 63.303 52.122
Met from operation. 44.003 45.079
Balance, net 17.&33 21,013
April Increase.
1915.
$07,201 r I0S
1.181
1,076
3.682
Clearings -Monday
Clearings
Ha lances
Clearings
Balances
Clearings
Ciearlngs
Portland Banks.
Mils week. leur ago.
$ 2.S79.76S.94 $ 1.918.391.36
Tacoma Banks.
$ 4OO.498.00
;i. 115.00
Seattle Banks. . .
$ 2.38.l.t3.no
: 334.3S8.00
Francisco Banks.
$11,297,090.00
Los Angelas Banks.
3.vtu.;n.'iu
San
Monday Saturday
Bid. Ask. Bid. Ask.
Blnestem 103 107 103 ion
Portyfold 93 98 92 98
Club 92 97 91 97
Red fife 92 06 92 90
Bed Rttssian... 92 96 91 95
OATS
Feed 2675 2725 2675 2750
BARLEY
Feed 27K) 2U0O 2700 2900
MILLSTt'FFS
Bran 2250 2350 22,-0 2.150
Sliorts 2525 2ti30 2550 2650
I uturtib were quoted :
WHEAT
a Bid. Ask.
June Muestem l(;ti-j lti7
June fortyfold 03 . tS
June club 92 117
June red fife 92 IN
June Russian 92 90
FEED OATS
June .2673 . 2725
FEED BARLKY
June I00 2900
M1LLSTUFFH
June brim 225 24 00
Jut-e shorts 2550 2700
New York Sugar and Coffee.
rKew York Msy 8. Sugar, centrifugal $6.52.
Coffee New ork Bpot No. 7 Rios, '.i,e;
No. 4 Santos 10Vc
Colorado ft. & I., c.
Consolidated Gas
Corn Products, c
Corn Prodmts, pfd
Crucible Steel, c
Crucible Steel, pfd
D ft R. O.. c
D. ft R. U.. pfd
Distillers
Erie, c
Krie. 1st pfd .....
General Klectrlc
General Motors
Goodrich Rubber
Gt. North., ore lands
Ot. North., pfd
(iteene Cananea
Hide a Leather, c
Hide ftHeather. pfd.
Ice Securities
Illinois Central
Industrial Alcohol
Inspiration
Interboro, c . .
Interboro pfd
Kansas Cltv Southern, c.
Larkawa-nna Steel
Lehigh Valley
Louisville & Nashville..
Meiican Petroleum
Miami Copper
M., K. ft T., c
Kettnecott Copper
Missouri Pacific
National ljad
Nevada Consolidated. .. .
New Haven
New York Air Brake...
New York Central
N. Y., 0. & W
Norfolk ft Western, c...
Northern Pacific
Pacific Mall
Pcnutylvanla Railway...
Peoples Gas
Pittsburg Coal, c
Pittsburg Coal, pf
P. Steel Car, c
P. Steel Car, pf
Ray Con. Copper
Railway Steel Springs. .
Heudlng, c
Reading, 1st pf
Resdtng. 2d pf
Republic 1. ft 8., c
Rock Island
.Sears, Rot-buck & Oo
Studebaker, c
Studebaker, pf ...
(Southern rarlflc
Mcuthern Railway, c
Southern Hallway, pf.,
:Temi. topper
lexiis Oil
Texas Psclfic
Lhiou Pacific, c
I 'nlon Pacific, pf
1 S. Rubber, c
C S. Itithber. pfd
C. S. Steel Co.. - ,
1'. S. Steel Co.. pf
T lah Copper
W. I . Telegraph
Westlnghmise Klectrlc.
Wisconsin ( entral
W oolworth
42
.134
. 19
'. 81 ,
.. 51 Vj
. M
.164
70
.. 41
..119
.. 51
.. 9
. . 51
.. 30
. .1.74
. . 45
21
. 71
. 7s'4
.104
. 30;
! 56 H
4
. m
. 17
. 5914
'.10514
!l23H
.111.
. 24
. 55
.10114
. 28
'. 47
'. 22T
. 4314
. 87
. 47
. IS
.131
. 97
. 21
. 1
. 40
. 191
.133
. 54
' i.-
.116
. 81
. 91
. 694
44
85
103
87
m
460
135
85
23 4
40W
167 V.
53
111
01 H
124
3H
94 Vt
120 i4
54
42 4
i3;m
19V
94
81 Vt
114 U
10
22
5o '4
IV
51
410
76
41
120
10
50 V4
29
IOI
150 V
45 Vi
16
741,
HIM-
Decrease.
At the end of December. 1915. the
company showed the following service
and property, which Includes Us oper
ations tn St. Johns, Oregon City and
Vancouver;
115. 1914.
Ga customers 43.9 IT 42.701
Gas output (cubie) 1,637,808,000 1,621.198.000
Mile of ga main. 855 728
Vain of plants $11,401,20
Ctpttal stock 6.000,000
Bonds 8.239.000
Total resources $12,082,to9
Bad Weatber Conditions Affect ' Het
Esrniag-s. The April report of the Pa
cific Power & Light company, which
operates public utilities in a large num
ber of communities in the territory
tributary to Portland, shows a sirght
Increase in gross earnings. This is
more than offset by the increase In
operating expenses due to the bad
weather conditions the company has
experienced. As a result the net earn
ings and the balance to surplus shows
a loss. The figures in detail are aa
follows:
April April Increase.
1916. 1915.
Gross esrnlngs $115. S44 $118,503 $1,841
Operating expenses .. 58.932 66,423 2,509
Net earning, operation oo.tiz oi.uno -0113
Balance, net 23.525 25.112 1.687
Decrease.
The American Power & Light com
pany, the holding company ior tne
above, shows the following comparison
of the company's activities for 191o
and 1914:
Fiectrlc customers
Gss customers
Water customers .
1915.
17.900
6.712
4.732
1911.
1C.572
B 306
4.HM)
29.424
27,618
.17. 782.759
.$10,000,000
. 7.240,000
tfis
127
107",
36
li
56
H
64
17
59
j .11 t
103
27 4
123
112
2414
58'
101
27 Vi
102
22
424
8SiJ
42i
40
1H
179
131 i
lto
97
21
01 '4
40
194
IO
4
2
54
lux '4
83
J16
00
91
(SOti
35
128
Total customers
Kilowatt generative,
capacity uuder con
struction 2,500
Miles of pole lines.... 845
Gss output (cubic ft.) 127,044,000
Street railway Hue
(miles) 31.5
Wster mains 1 miles.. ' .92
Gas malut (miles).... 130
slue of plants $16,630,844
Total assets
Stock outstanding
Ixuiut outstanding
Becreass la '..old Holdings
serve Banks The statement
week ended May 6, of the operations
of the 12 federal reserve banks, shows
a loss in total gold reserves approxi
mating $5, 00,000 when compared with
the statement of the week, Immediately
preceding. This reduces the gold re
serve against net deposit anfi note li
ability from 69.5 per cent for the Week
Immediately preceding to 7.5 per
cent for the latest week. There is
3.900
777
124,162,000
30.S
.91
126
of Be-
for the
shown a gain of nearly $6,000,000 'in
total resources, which is accounted for i
in the adding of $1,000,000 of redis
counts, over $4,000,000 of United States
bonds, and over $"2,000,000 of municipal
warrants. The paid-in capital again !
shows a loss. Indicating the , retiring
from the system of member banks or
the reduction of their capital stock., It
ls more likely to be the latter than-the ;
former. ' "", i j
The principal Items In the combined
statements of the banks now show:
Total gold reserve ..$3o, 507.000-
nili discounted snd bought ...... (S7.947,0"O
ti. tt. bond .'. 60.137,000
One year L". 8. treasury notes... S.MQ.Ooo
Municipal warrants 89.154.ooo
Total' earning asset 101.V78.OOQ
Federal reterv note net 2ti.3oo.ooo
Capital paid In 64.862,000
Government deposits 40,41 4. jOO
Menibur banks deposits, net 419,4H,OO0
Toitl resources -...$523,094,000
April Buslaess hallux rawest Bines
August. It. U. Dun & Co.'s record pf
business failures tnroughout th .
United State for April i the best
since last August. There were 1899 '
failures In all. with total liabilities of
$18,382,637. These figures do not in
clude th failure of a large real estate
concern with liabilities of $24;f 00,000,'
The. operations of real estate bouses .
are not treated by either of the prom
inent mercantile agencies as strictly .
commercial transactions. .
The April showing compares wlt!
1690 failures for $16,885,296 in March;
1688 in February for $18,744,166,; and
2009 in January, when the amount
owed was $25,868,286. In April, a year
ago, 2063 firms suspended and tha lia
bilities of these, as a result of several
bankruptcies of unusual size, were $43,
617,870. The present Indebtedness Is
also less than In 1914 and 1913.'
There were 335 defaults' in manufac
turing lines, against 440 for last year,
Trading failures numbered 976, com
pared with 1484 for a year ago. Thera
were 88 defaults of agents and broker
against 89 for last April. -,
California Bankers' Annual Meeting-.
The annual meeting of the California "
Bankers' association will be held at
Fresno, May l8 19 and 20, and.ths
members of the American Bankers as
sociation will hold a convention) during
the same days and at the sam place.
Xndepeadencs Bona Bleotloa Called
Off. The Independence Enterprise (the
bonding company referred to ls ; tha
JiarK-K.endaii company of Portland.)
says:
The special election called by tha
Independence council; and advertised
for last Thursday was called off at a
speclul meeting, says the Enterprise.
Ihe bonding company - to whom tha
bonds were sold, appeared before the
council represented by tholr attorney,
and stated that It was not necessary
to hold an election under the cjty
charter and therefore deemed It un
wiBe to create additional expense
which would ensue If an election was
held. The bonding company offered
to-refund the bonds at 6)4 per cent
and pay the expense of the election.
Some opposition developed against
the proposed sale of bonds mads oy
the city, aa no competitive bid was
received and some were of the opinion
that a still better offer would have
been tendered had the council offered
the bonds to open bids Instead of di
posing them at private sale. The
council may reconsider the matter and
offer the bonds for competitive blda.'
annual
SHEARING
OF
SEP IS UNDER WAY
MALHEUR
COUNTY
Many Sales, Including One of
300,000 Pounds, Made,
Price Averaging 28 Cents,
OntarlO'Or., May 8. The annual
shearing of sheep in Malheur county
ls iirfull swing and large sales are
already recorded. The Malheur Live
stock & Land company sold ItB wool
this wei'k to J. M. Johnson of noise
the lot containing some 80.000 pounds,
all half blood wool. Shearing plan's
are running at Riverside. Juntura,
The price ra
averages about
Harper and Brogan.
eel veil for. the wool
28 cents.
Bands of sheep and stock ranches
are also changing hands In . this vicin
ity. The Ketaena band of 4500 2-year-old
Ootswold ewes, below Iilvergtde,
was bought by K. N. Stanfleld for $1
a head. The McLeod & Hodgson sheep
plant, near Rock vi lie, was also pur
chased by Mr. Stanfleld, It comprise
1260 acres of patented land, 3000 acres
of leased range and 20,000 sheep. Tbe
price was $186,000, ; s .
Hay Shipments Heavy. ,
Ontario, Or., May 8. During tha
month of April the outgoing shipments
from Fruitland show an Increase vt ;
over 400 per cent over that of the cor
responding month lant year. Johnson. -&
Hon report that they have purchased, .
baled and shipped over 1000 tons Of
liny during the past winter and spring. 1
These sale) were made only a short
time belore the appearance of a new
cro ; ;;; ,r " .'
London Hop Market.
London. Msy 8. (!. N. B.) Hops Pscltlo ,
coast, 4 15s.
Liverpool Tashs. WTieat.
Liverpool. May 8. (I N. S. ) Wheat Spot
No. 1 Manitoba, 2t, lid: No 8, 12s 5Hd;
No. 1 nurtbefn sprlug, 12s 5d; No. 2 red west
ern winter, lis od.
Hour winter paten) 47s.
Foreign Wheat Markets.
Liverpool Cash wheat unchanged.
London t argMa on pasnge, od up.
Buenos Aire Cash wheat 'V'tlSc up.
10,000 LIVE HENS
rVANTED ! 1 74c LB.
wo cowaassioxr DEDUCTED,
hecks by re-turn mail. Don't inquire.
' ., .. Ship at once.
THE SAVINAR GO.
3arsb.aU 687. 207-203 Stark St,
Wheat Fields Lose
Their Yellow Spots
Walla Walla. Wash., May 8. A week
of almost unbroken warm weather and
bright sunshine served to take the
yellow spots out of the valley wheat
fields during last week, and the
lis;ht shower of Friday was a benefit,
rather than a hirfrjrance to the coming
crop.
Farmers were decidedly discouraged
10 days ago, when cold, cloudy weather
was prevailing and fields in many sec
tions of the wheat belt had the ap
pearance of having been grown in a
cellar or under-a building. The yellow
spots, however, have disappeared as
though by magic and the wheat has
taken on a deep green color, and has
made, a good growth since the first
of last week.
Reports from all parts of the In
land empire ar that conditions now
are much mora favorable for the grow
ing grain, and that tbe outlook for the
19 if crops growing brighter.
tin.
32 steer ,. .
2 steers . .
20 steers 1 . .
27 steer ..
20 steers . .
1 cow
12 cows . . .
I cow
1 Vow
1 cow . . . .
2 heifers .
1 bull
28 lambs .
It wethers
12 fewbs .
40 ewes ..
20 ewes . .
104 bnirs
n hops
KT bogs
7b hogs
1 hop
2 hogs
1 bog
1 ho
1 nog
1 hog
6 bogi
STEEKS.
COWS.
HEIFERS.
BULLS.
Sl'BtlNQ LAMBS.
WETHERS.
EWES.
HOGS.
.1150
.1803
.1109
. 850
.1350
. 922
. BOO
. 9S0
. 740
. 520
.1C40
69
. 124
. 1(H)
. 173
. ia3
. 214
. 215
. 174
. i:i
. 280
. 185
. 370
.v 420
. 240
, P50
. 128
j II I HUH snisyjtawsaisssssssssss I illtliUJHII WWmKU0miJWmm!y'm '"U'WWIIM.UMMlliaJ '
,.rV .. . is, t irniiimiiniii r r- m unr f- '"ft " '-' 1 '''' , , ; r
7 vi . - " . " . E... ...u j' '1 ' .. 1 ..... 1 i" JJL.... '' . . 0; "..--rii- i sJfTX mmi,.ii u
$9.20
9.10
9.05
9.00
8.55
8.50
8.05
8.05
8.0O
8.4)0
7.25
Well Casing Arrives.
Harrlman. "Or., May 8.-r-One half of
tbe casing fcjr the oil well has arrived
and the rest is on the way from River
side. This well is over 3700 feet deep
and has a good showing.
vnten writing or calling on advertisers please
mention Tbe Journal. (Adv.)
Overbeck & Cooke Co.
' ; . f .. - .
Stocks. BobAs, Cotton, Qrala, Cto.
8X4VS17 Board of Trade Btfidlag.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Member Chicago Board of Trade. .
- . -. j , r - - .:
. Correspondenca of "Logan tk Bryan. -j.
- , Chicstco. Nw York. .
Searae
Uiiioini Stock Yard
(faAPACITY 150 CARS PER DAY
BEST MARKET IN TH$ NORTHWEST
OUTLET FOR ALASKA AND THE GREAT ORIENT
Prices lSe to 25c higher than any other market on the Pacific Coast? because it is the only yard in the United States not controlled by the .
trusts, it is clearly to your interest to patronize true competition.
1 f.