J V
THE 'OREGON DAILY JOURNAL. PORTLAND THURSDAY, HAY'". It, 7 191ft.'
21
MILLIONS OF DOLLARS'' WORTH OF FRUIT HIT BY COLD
Edited by
Hyman H. Cohen
BUTTER
STEADY TO
E
WON IS
STRONG
ALONG
NTIRE COAST
Absence of Price Cubing Is Indi-
Cited by Great Anxiety of North
ern Butter Makers to Secure Snp.
' - plies of Cream.
5 Seemingly there to little rbance for any u
terlal drop In tbe price of creamery but tor
here during tb Immediate future. With Fa
get eound interests waging a relentleaa war
to cream auppllea and actually paying In
pian butancea more money for tbe raw prod
net than tliey are aecorlng for butter, local
creameries dare not change their quotations In
fear of loclng ablppera In competitive territory.
Tbe butter market here has really turned
gtesdy. Demand for country creamery U
somewhat better and cleanups are again re
ported with best cubes finding sale around
S!6 a pound. '
While there baa been more, or leas talk
during recent days that some of the city
rreauierlea had been shading their quotations
e-t prlnta. careful investigation fails to disclose
any of tbla so called secret cutting.
In the meantime the markets all along the
coast are generally showing a steady tone.
EGG MARKET IS HOLDING
"WliHe' there is little snap to egg trading In
tbe local market at tbla time, there la no gen
eral ebange. either In sentiment or prices. Re
ceipts are only fair, and tbe trade Is ck-sn-
ug up.
VEALS GO LOWER AGAIN
: Further price lota Is showing for eal calves
In tbe local produce market. Receipts con
tinue Try beery, and sales of good stuff are
tftartmit lown In 10c. with the too at lOVtC
a twtimd. IKiira ataailv
y - - - .
ASPAIIAGU8 IS ADVANCED
n nil re.-eiiia ui anpaingiin i u u
northwest points on sccount of the cold weather,-
the local market's supply was Tery scant
during I he day. Sales were generally re
ported at f 1 for ordinary quality.
HIDE MARKET VERY STRONG
niarsex rwr niues is vvrj aii-uiig. ituiu ut v
and in the east, and the recent adrance in the
price la being generally maintained. Leather
market In the east Is firmer, and the demsud
for bides la better than supplies.
Coarse Grains in
A Firmer Position
With Price Strong
Both Oats and Barley Are Stronger
with California Worrying Over
the Crops.
NORTHWEST GRAIN RECEIPTS.
-Cant-
Portland, Thurs.
Year ago
Season to date..
Year ago
Tscoma. Wed...
Year ago
Htcson. to date. .
Year ago ,
Seattle. Wad...
Year ago
Season, to date. ,
Year, ago
Wheat. Parley. Fir. Oats.
i
7 6
1743 78
1820 1940
5
3
343
oob
4
in
9,118
15,795
8
8
,fi47
8.S0O
22
12
, 7.S61
7.398
1
1512
1875
....
502
561
1
12.12
1055
' 4
11
1&84
21H8
-t . . .
082
1KB
Hay.
2
3
2300
1915
8
A
221
2001
IS
15
40)14
344
OLD POTATOES STEADIER
With reports of damage to the new potato
crop of both Oregon and California, there 1 a
alight Increase of strength showing in tbe
t.il . fnr ,M atwk. (Iffnrlnira nf iwitat.a4
are not beaty.
liltlEF NOTES OF THE TRADE
Carload Florida tomatoes in, with good qual
ity; another rolling.
Hiring beana are firmer at 14c a ponnd.
Peas are la larger supply, but the market is
steady.
Run of salmon continues extremely small.
Chickens, are firm at full prices.
SHIPPERS WEATHER NOTICE
Weather bureau advises: Protect shipments
during the next 48 hours aa far north as Se
attle agaloat minimum tempera t urea of about
04 degrees; northeast to ripokane. 30 degrees;
southeast to Boise. 24 decrees: south to Al-
land, 30 degrees. Minimum temperature at
Portland tonight, about aayjegreea. .
. -- - w .
'V Union Pacific Dividend.
' New York, May Jl.-r-(U. P.) The Cnlon
Pacific railroad today declared its regular
quarterly dividend of 2 per cent on common
slock... The Southern Pacific aunounaed 'its
rtfuisr dividend of per cent on common,
etch payable July 1.
" Eastern Barley Markets.
ril.air Ma 10. II. N. fLRnrlar atev 1 t
Stalling, Y2((,83c.
'Kansas City, Mo., May 10. (1. N. 8.)
Barley, 58c. '
v Kew York, May 10. (1. N. 8.) Barley
steady; mailing. 80c.
Coarse grains are bowing much streogtt all
along the coast and especially In tbe Pacific
northwest. California la still somewhat
alarmed regarding tbe barley crop and this la
adding trenjtth to the northwest situation.
Wheat traidlug is shown in spots st north
west points with milling Interests tbs only
bidders at tbe moment.
Chicago market showed some reaction frv.ra
Wednesdsy's strength and the early, day's trad
ing waa weaker and geuerslly at lower prices.
Proombsll cabled from Liverpool that wheat
opened Heady, but dull, Amerlcsn weather t
lng carefully watched.. Scarcity of frergLls
curtails buying.
Argentine weather Is fine and favors plow
ing. Holders rem i in firm on the damago re
port from America.
Kranee Wenther la unfavorable with need
ing delayed. Where planted tbe crop looka well.
United Kingdom Weather la against best
development of the crop, with seeding late.
1M mand for oats continues at firm prices.
American and Canadian holdings for ship
ment sre large and tbe continent is absorb
ing quietly, but it is feared that offers for
distant shipment will become 'Increasingly
firmer, owing to unfavorable acreage de
creanea. FLOUR Selling price: Patent. $5.20: Wil
lamette valley; 94.00; local atralght. 4.0
5.00; bakers' local. $4.805.20; Montana spriujt
wheat, to. 10; exports, 4.50(4.7o; bule
vlieat, .(k; granaui. $5.40; rye flour, $5.06
per barrel.
HAY Buying price: Willamette valley tim
othy fauejr, $3); eastern Oregon-Idaho fancy
timothy. $21j22; alfalfa. $21422; vetch and
oatx. $18; clover, $18.
GRAIN BACKS 1018 nominal No. 1 Calcut
ta, iaMttl3c in carlots; leva amounts are
higher.
kUI.i-STUFFS Selling price, carload lots,
bran $23; shorts, $25.50.
ROLLED CATS $0.50B.7." per barrel.
ROLLED BARLEY $31. 5032.50 per ton.
"No changes were shown in whest, oats or
bailey bids for May delivery on the Portland
Merchants Exchange during the day.
Mlllstuffs were firmer, with an advance of
50c In bran and 2.'c a ton in short.
Merchants alxchange May prices:
WHKAT.
Tbur. Wed
Bid.
KM
94
o:i
9:1
..03
Blneatem ....
Ki rtyfold . . .
Clnb
Red rife . . .
Red Russian.
Feed
Feed
Bran
Short a
Futures were quoted.
WHEAT.
June bluestem
June fort fold
June club
June red Fife
Junv Kusalan
104
114
u;t
la
03.
Act.
107
tm
(its
98
50
OATS.
...2075 2725
BARLEY.
...27(J 21MK
MILLSTUFFS.
...2:125 2400 2275
.2575 2700 2050
Tues. Won.
-Bid
H 103
2
1)1
92
92
9:1
92
92
62
2675 2700 2725'
2700 2650 2700
2275
2525
Bid.
. 14
. 94
. 93
. 93
. 93
2400
2700
A'k.
fl)7
M
0
98
97
June
June
Jnne bran . .
June aborts
FEED OATS.
FEED BARLEY.
...2675 2J25
...2700 2900
MILLHTUFF8.
2525
....2000
2550
2750
fWN&rOUTATlOSI
San Francisco
X,os Angeles
1 (Without Change En Boots)
The Biff. fie
Clean, 114
' Comfortable, f 13
Elegantly Appointed $ 7
BSiOOnO 81'BAUSXOP
BEAR
tv Bails Xrom Alaaworth 3oek
3 T. M.. May 13.
100 Golden Miles on
Columbia &lvex. .
All Sates ZAoloda '
Brtaa ana Meals. N
Tabu and SsTrUe
TJnexeallad.
ffn San Tranolaeo Portland 8. S.
Co Third and Washington Streets
(with O-W. x. ft X. Co.) Tel. Broad
way 4600. A-6121.
nii!iDAi AF0ffr1Jlll
piiw"! M,crKiiin
Portland $20,001 fusl,
San Francisco $17.50 J Qass
(30 Hours)
Tourist, $18.00 and tlUO.
Third Class, S3.
&TBAL.S AND BER1H INCLUDED.
S:"S firpat Nnrlliprn
Liner with the speed of an Express
Train. Steamer Express leaves North.
Bank Station ( A. M.
MAT 8, 13. 18. 83. 87.
From Ban Francisco May , 11. 16 20,
25, SO. Sailings Tuesdays, Thursdays,
Saturdays, beginning Juno 1.
Itioxxt orrxcx. stb ahd btabk.
. Pbonss-r-Broadway 0. A-71.
RENCH LINE
' Cempasmle Osaerale Tranastlastitas
Sailings From NEW YORK to BORDEAUX
FAYETTE May 27. 3 P. M.
-rllCAGO June 3.3P.M.
ROCHAJVfBEAU . . . .Jan 10,-3 P. M.
LA TOURAINE . . . ..Juno 17, 3P.M.
I . F0 rVTORMATIOB APK.T
b.' W. BXnrOEK. I0 Sixth 8C
A. D. CHAELT0N, 165 Marrlaea Bt
. K. eaaSIBOH, C. K. Bt. Paul B.X.
fJORSET B. SMITH, lit Third St,
C. DICX80K. 4J Waabinrtos U
XCKTH BANK K0AD, Fifth aad ftaak tta.
r. S, M'TAkLANO, M and Waahiactea it.
K. B. SUrrY. 114 Third St., Bertlaaa.
w. . aiau, xuu a sua st. .
: ", " 8AZL8 siazoz rom ' i
SAN FRANCISCO
.LOS ANGELES SAN DIEGO
- Saturday, May 13, tao . M.
las rranoiaoo, fertlaaS A Le Aanlee
ttsamihln Co. Trank Knllam a..
14 THllP intll. A-4ea Xaia Jt.
DAIRY PRODUCE ON THE COAST
Baa Franoiaco Harket.
8an Francisco, Cel., May 11. (C. P.l Flit
ter Extraa 24Vjc; prime firsts. 24c; flrata,
23ttc
Egga Extraa 22Vic: firsts, 20c: Du'.lets.
Hi He
Cbeest California fancy 12yc; firsts, 12c.
Seattle Market.
Seattle. May 11. (U. P.) Butter Native
Wathinaton creamery, brick 20c; ditto solid
pack, 28c
Cheese Oreg-on triplcrs. 21c: Wisconsin
triplets, 21c; ditto twins, 21c; Young America
22c.
Eggs Select ranch 26c.
Los Ancales Market.
Ioa Arireles. Cal.. Mav 11. (P. N. &'.)
n&gm jse conni, zic.
ututer trean extra, 2uc.
POTATOES ALONG THE COAST
Seattle Market.
Seattle, Wash., May 11. (U. P.) Onions
Oregon 2(2Vic; Yakima lc.
Potatoes White Klver S26(U2Sc; Yaklms
Borbanks, $3234c; Yakima Gums, S32iH.
Ban Francisco Market.
San Franclaco. May 11. (U. P.) Potstoes
Per cental. Deltas, ex-wharf, ordinary, $!((
i- per uuunreo; eiumas, i.4ltCl.0O; Ore-
8011 fancy, $2(32.10; Washington Netted
ems, ti. 65 1.00.
Onions California ex-icehous4, repacked.
91.50; Oregoa repacked, 1-6021.80; Aus
tralians, i.lbfats.
San Francisco Grain Market.
San Francisco, May 11. Barley Oils:
May 11. Msy 10
Ooeu. Close. lo.
May I.'OB
lecemrer I34a 137'iA 135H
Spot quotations Wheat Walla w'alla !.t0
ei.724; red Russian $1.T21.75: Turkey
red. l.J7oa.'J!i; Dluextem, 1.87f(1.00.
reea naney si. an; Brewing, si.ooi.w.
White oats $lai.87Vi.
Bran 12520; middlings, $31332; shorts.
sgat.
Chicag6 Produce Market.
Chicago. May 10. (I. N. S.) Butter fair;
eggs strong.
Batter receints 0629 tubs: creamerr extras.
28 He; extra firsts, 21'42Hi-; firsts. 2"H
27Vbc; seconds, 2'g2Vif; dairies, extras,
2814c, firsts, 27ji27He; seconds, 2QQ20iK;
packing-stock, 2Af24V,c.
Eggs, receipts 27,000 eases; firsts. 202
21c; ordinary firsts, 10(8 18c: imiacellaueous
lots. 19&l20c; extrss, i&Uc.
SEVERE
1
DAMAGE IS
IN ALL FRUIT;
OSSES VERY HEAVY
SHOWN
I1 rom Southern End of California
to Canadian Line Cold Weather
Haa Marked Path of Destruction,
Especially to Soft Fruits.
Severe damage baa been done the fruit crops
of the Pacific coast. From California's aouth-
ero border to tbe Canadian line tbe damage
has been almost general.
Prases, peacbes. cberrlea and Dears have
been most severely dsmaged, although tbe
act extent of the lors will not be known for
seme time. Swnie of the leading authoritlea
bMleve that the loss along tbe coast will run
into mmions or dollars.
Early potatoes have been severely damaged
in California and some losses are feared In
tbe Willamette valley.
While some reports indicate that apples
have been hurt., atlll uiost Interests hsve eonie
to the' concluhiw that the losses will not be
very severe except in tbe softer trulU.
Asparagus arevrers were bit in the Willam
ette valley and there la Ilk- ly to be an ex
treme scarcity of this vegetable during tbe
next week or 10 days.
Sheep Movement Is
Slowly Increasing
At North Portland
Willamette Valley Staff in Slightly
Better Supply and Demand
' Is Very Good.
PORTLAND LIVESTOCK BUN.
nogs. Cattle. Calves.
Tbnrsday ......
Wednesday ..."
Tuesday ,
Monday
Saturday
Friday
Week ago ,
Year ago
Two years ago.,
Three years ago
407
. 451
. 3m
.3430
177
. 522
. 340
. 418
. S10
. 213
258
4S
167
470
8
19
102
50
150
148
14
1
5
1
ft
in
85
Sheep.
475
217
603
544
45
2.-i0
lf4
1562
Thirty-fire to Thirty-seven Cents
Pound Being Freely Offered In
Willamette Valley for Coarse
Interior Wool Also Soaght.
Weaker Feeling in
The Chicago Pit
a
Wheat Market Starts With a Loss
of He to ?c Profit-Taking
One Cause of Loss.
Chicago, May 11. (I. N. 8.) Wheat opened
from c to r under in the pit today, in
th first hour May held comparatively steady
around $1.16, wtolle tbe deferred options grad
ually declined to a plane about ic under the
opening. Predictions for unsettled weather
In the southwest crested besvy selling snd a
heavy profit-taking Interest took advantage
oJ -the situation to unload. The accumula
tion of the past, few days on the part of some
big dealers maoe It possible for tbem to let
go today. Offertngs at all times during the
first hour were anrestricted, commission bosses
being heavy sellers.
Corn and oats were fractionally up when
first sales were potted today. In the tarly
trading 200,000 bushels of tbe former grain
ere sold to go to sture. Commission dealers
were beavy sellers and general sentiment In
corn was bearish. Several reports of general
conditions were imsde public and they tended
ti augment ther bear Influence. Oata were
iitder the usual trading operations and the
market was an uninteresting affsir.
Range of Chicago prices furnished by Over
bek & Cooke Co., 21-217 Board of Trade
building: '
WHEAT.
Open. High.
1154 HO
117
J17 117
COttX.
T4- 74 t,
T4 74
73 73
OAT8.
4SV4 48H
43 4:i
40j Kb
POBK.
2300 2390
2347 2352
241)0 230o
LARD.
1270 1272
1272 1277
127 1287
BIBS.
1260' 1200
1257 122
1205 1272
Msv
July
September
May
July
September
May
July
September
May
July ......
September
Msy
July
September
Low.
115',,
110
113
73 i
73
72
'V
43
3u;,
23S7
2335
23U0
1262
1245
1255
Close.
U5B
lWTiB
HOTsA
C
74M.-B
74A
73B
4SA
43 A
40V),B
2387A
2350,
23U5B
1267
127
1280
Mfcy
July
September
1255
1232
1247
1253
1252B
12U5B
BOSTON COPPER QUOTATIONS
Boston, May 11. Copper bids:
Adventure
A hmeek . .
Allouez
Arcadian ,
Alaska . . .
Baltic ...
Black Mtn.
Bohemia .
Butte Bal.
Butte b'up.
Cal & Ariz.
3 t I Mexico Cona.
9 I Miami
08 Michigan ...
7 I Mohawk ....
20 1 Nevada Cons
2 N'ipissinjr ...
4i j North Butte
2 I North Lake..
2Ohio Copper
ai?4iJia uoiony..
73'
Cal. & lie. la C55
Canada 1
Centennial . 17
Chief Cons.. 1
Chino 63
Cop Mines 2
Cop. Range. 65 W
v oriez bO
Crown lies.. 60
Davis-Daly .
East Butte ,
First Nat'l.,
Franklin
Goldfiedd C. 100
Greene-Can.
Granby
Hancock . . .
Helvetia ...
Indiana
Inspiration .
Isle Koyale.
Keeweenaw . 64
Kerr iMito . 6
1-a Salle ... 4A
Lake Copper, 16
40
36 U
96
"A
1
18
Old Dominion 70
usceoia .... s4
Quincy 94'
Ray Cons 22
R. II. & Co.Com 5
Santa Fe . . . 2 i
Shannon .... 9
Shattuck 32 U
Stewart 3 2
j Success 73
I 1 Superior
16Vi
McK. Drrh,
Majestic . .
Mason Val.
Mass. Gas
Mass. Min.
Mayflower
12 H I Sup. & Boston 3 '
6 Vi Swift Pack.. .131
8 1 Tamarack .. 53'i
Trinity 7U
50 I Tuolumne . .. 35
88'' United Fruit 160
1 4 k I Vnfto Shar. 75
3;". j Cn. Shoe Ma, 61
2 XTn. Sh. Ma. pf 29
44 I United Zinc. 81
o'iu. n. smeit... ti
IK S. Smelt. p.f 51
Un. Verda Ex. 2R
1 t U nAn At
Utah Cons.. ..
Victoria ....
Winona
Wolverine ..
Wyandot
Yukon Gold..
Barnes King
10
75
15
3
BANK STATEMENTS, OF COAST
TRANSPORTATION
ASTORIA
and way landings
Str. Harvest Queen
From Ash St. dock S p. nv. daJl
except Stsurday. Returns from
Astoria T a, m.. exeept Sunday,
O.-W. R. R. Si N. CO.
Broadway 4S0O, A-61I1.
CXTT TICXBT OFWCB
Waahyvctoo at Tbird
Los Angeles sad San Diego
STEAMSH1PSYALE AND HARVARD
Uallroaa or suy slnaaicr vt Mao v'rasciaco,
tbs Kaposltiua City. Largest, fastvst and tbs
ONLY atricti flrst-dasa passenger ships os
Us Coast, Average spaed 2 soiiss as boim.
Coat S2.0u0.0u0 sacb.
max rsaJtoxtjoq, VOST&AVS a.
XiOa am ozuvxa a. a. co.
rraak Bsllaas, AgsaU
114 Third Bt. Msi 20, A-4SM
Wits D. B. O. at. B.
Clearings
Monday ...
Tueaday . .
Wednesday
Thursday .
Clearing" .
Balances . .
t'l firings .
Balaaves ..
Clearings .
Clcarlnrs .
Fertland Banks.
This week.
$ 2,M(,7Uvll4
... 2.137,C7iX
... 2.210,511.12
1.7W.6Trt.5
Seattle Banka.
1
1.
1.
1
I 2.
Tscoma Banks.
...
Baa Francisco Banka.
Los. Angeles Banks.
110,
$ 4
Tear ago.
.018.SS1.36
431.RSH.fMi
.R03.031.24
.735.395.20
0B1, 20H.0O
2.12.720.00
413.829.00
88.644.00
005.229.00
063,780.00
New York Cotton Market.
There waa farther assail Increase in the
rolnme of mutton and lambs offering at North
rortiana fluting the last 24 hours. While the
Increase la ery small, tbe fact that any In
crease at all la being made is good news to
anxious bnyera here. Top price being of
fered for lambs at the moment Is $10, bat at
this price the demand far exceeds tbe supply.
Wblle some markets of the northwest are
talking of still higher prices, tbe fact re
mains that one lone lamb' waa aold some days
ago at the price mentioned; lo fact, the mar
ket there baa bad no additional shipments.
General sborn mutton snd lamb range:
Select spring lamba $ 10.00
Beat yearlings , 8.00(3 8.75
Good to common wethers.. ' 7.50 7.75
Best ewes...- 7.00
Good to common ewes BUM
Hos; Market Ii Steady.
Market for bogs Is generally rating cround
$9410.10 for average good quality offerings at
North Portland. The market here is showing
practically no change since Monday, when
sales were made of some freight-free .stuff at
Sa.20ig9.25. The trend of tbe present market
Is fully aa good aa then.
General bog market:
Choice light weights 0.069.25
Good light weights 8.90&9.05
Medium weights , 8.5008.70
Rough and heavy 8.00S-25
Cattle Market Favorable.
With a continuation of tbe best cattle mar
ket along the Pacific coast at North Portland,
the small arrivals from day to day are quickly
picked up by buyers. There is a good demand
for practically everything offered in the cattle
division.
General cattle market range:
Choice pulp-fed steers
Choice grain-fed steers
Ordinary grain-fed steers.....
Choice hay-fed steers
Good steers
Ordinary to common steers
Choice cows
Ordinsry to common cows
Choice heifers
Ordinsry heifers
Choice bulls
Good to fair bulls
Ordinary to common bulla
Beat light calves
Good calves
Thursday Livestock Shippers.
Hogs 11. A. Lamb. Kinder Bock. Waeh
head; E. Jacobaon. Wasco, 13 bead.
Cattle Ed Uauatgeu. Bkagit. Wash., 2 loads.
Mixed stuff W. Gerens, Clackamas, 1 load
hogs and sheep: George Zimmerman, Yamhill,
1 load cattle and bogs; J. w. Veatch, Lane,
1 load cattle, bogs and sheep; C. L. Falk Jr.,
Linn, 1 load cattle, hogs atad sheep; J. A.
Dot.herty, Linn, 1 load cattle, bogs and sheep;
J. W. Oavis. Clark, Wash., 14 cattle, 80 bogs
and 13 sheep: T. I'. Patton, 1 load catue,
hogs and sheep.
Wednesday Afternoon Bales.
HOGS
Extreme strength Is showinr In the market
for wool at Willamette Taller nolnta. with aa
high as 37c a pound being offered sad paid
1 or coarse emir, although the general price
for this quality scarcely ranges above 35c.
Only small lota of wool are reported sold in
the valley evea at the extreme prices, owing
to the lack of general offering smotig the
sheepmen.
At eastern Oregon noinfs the market is
also showing aggressive strength, with offers
lor coarse wools from 20 to 30c a pound, and
fine ranging from 19 to 23c generally. x
The only weak feature of the wool situation
along the. Pacific coast la in the Yakima sec
tion. It is stated that for some unknown
resson tbe quslity of tbe wool there by in
ferior this season, the staple being weak. For
that reason Yakima aheesinen have been
rather free offerers of wool recently. Con
sidering -the reported quality of the fleece
there have been receiving even more than
tbe general market.
Eta tern mall advices continue to tell of a
very strong tone in the wool sit nation, and
continued strength is shown in all foreign
markers.
klobalr market Is steady to strong, st 48 i
40c a pound, with offers generally made at
tbe so prices.
..$8.000.15
8.75
.. 8.25Q8.40
. . 8.604J8.73
. . 7.50(g8.00
.. e.003iT.06
7.50
.. 7.257.33
. . 7.50ig7.75
.. 7.0037.25
.. 6.506.0O
.. 4.O0Q5.00
. . 2.0O&2 75
8.00
7.00Q7.&0
14
No. Av. Hw. Price.
2 bogs 220 SO. 10
6 bogs 228 0.10
5 bogs 208 9 0S
2 hogs 180 O.oo
If) bogs 165 9.00
21 bogs 210 0.00
5 hogs 212 9.00
1 bog 160 ftfiO
5 bogs 118 8.25
12 hoga 140 7.60
2 hogs 120 7.50
1 bog -,120 7.50
YEARLINGS.
15 yearlings SO $8.00
WETHERS.
1 wether 110 S7.50
EWES.
7 ewes 138 Sfl.50
20 ewes 87 3.90
LAMBS.
6 lamb. lis S8.50
Thursday Morning Bales.
STEERS.
No. Ave. Lbs. Price.
1 steer 8f SG.OO
1 steer 7i0 5.50
COWS.
3 cows 870 10.50
8 cows 8.15 5.'iO
2 cows 07 4.50
1 cow SoO 4.50
1 cow 710 4.50
1 cow 670 4 OO
1 cow 480 3.00
BEIFERS.
1 heifer 7rfl 6.00
1 belfer 6VJ0. 5.50
HOGS.
1 hog 100 8.50
1 hog 170
1 hog 140 8.00
S3 bog 128 7.50
4 hogs 132 70
AMERICAN LIVESTOCK PRICES
Open. High. Low. Close.
January l:tto IA.VI l:m l;i3T
March 1304 13(18 l:2 1353
May 12HK 12U8 12HH 1285
July l:sn2 1.U5 12!t5 12t5
August 1315 1315 1305 l".ltj
hei-'tember .... ,.. l:ll
October 1327 1333 1313' 1315
December s 1314 134t 13;so 1333
Various Wheat Markets.
Liverpool Cssb wheat unchanged.
Buenos Aires Cash wheat ye higher.
Kamas City Cmrh wheat 1c lower.
Dnluth May Sl-21; July, 1.22.
Winnipeg May 11.104; July $1.111.
Minneapolis May S1.22; July $1.21
Kansaa City May' $1.07 ! Jnly $1.08 Qta.
Bt. Lonja May- $1.11; July $1.1354y.
Oregon Apples In South.
Apples, California: Newtown Pippins, 4
tier. $1.0001.15:0 4H tier, 75g85c: do 3U
tier, $t.2Dl.&5; other varieties, 75Jtl 00
per box. Oregon tend Washington: Wlnesos
l85(g2.25; Newtown Pippins, 75cJ$l 00 for
choice and $1.251.50 for fancy and $1.0041
1.T5 for extra fancy.
Dalles - Columbia Line
Operating
Strs. J. N. Teal and Twin Cities
Portland to Upper Columbia and Snake
river points, l.v. Portland about every
...... . .-. four daya. , , . ....
rom rsrroKMATXov caxs tatx.os
ur. socx. hLAxa eia. A-mx . .
rNcw York Sugar and Coffee.
Tew York. May 11. (U. P.) Sugar Ceo.
trifngaL $8.52.
Coffee New Ybrk apot No. 7 Rio. Cf
No. 4 Santos. 10Hc '
New York-London Silver.
' New York. May, 11. Bar silver 76$4e: Mex.
lean dollars 58.
London. May It. Silver Md.
San. Francisco Hop Market.
San rfaBciseo, May 10. (Pi N. . Bops,
1P13 crop basis per ponnd, prices to growera;
Sacramento Talley, 10ai2c; Sonoua and Men
docino. Uhntl Oregoa,. til U Vie; Washiactna,
. t j. - .
Chicaro Hoes $10.00.
Chicago. May 11. Hogs Receipts 13,000,
strong, 10c above yesterday's average. I'u'k
$4) 700.00; light. $0.40itC9.05; mixed, $0.45t9
0.95; beavy, $9.40(310.00; rough, $9.409.55;
pigs, II.29m.lD.
Cattle Receipts 3000 strong. Native beef
steers $7.90(210.10; western steers, $8.0069;
stockers and feeders, $5.608.60; cows and
heifers, $4.25.M; calves, $6.75910.23.
Sheep Receipts 14.000. steady. Wethers
t7.164J3.60; lambs, $S5312.5; springs, $11
13.
St. Louis Hogs $10.00.
St. Inis, May 11. U. N. S.) Hogs Ite-
celnts 85K. steady. Pigs and lights. $7.5Q
9.90; mixed and butchers, $9.7010.00; good
heavy. $9.boz 10.00.
Cattle Receipts lOOO: steady. Native beef
steers, $7.50fr9.S5; yearling steers and heif
ers. $S.500.7o; cows $5.2SS.25; stock-ers
and feeders. $5.508.50: southern steers, $5.75
t.75; coits and heifers. $3.00(38.00; prime
rnuthern steers, $9.009.l0; native calve $q
(Jt 10.25; prime yesrlugs and heifers, $8.75g
8.50.
.Sheep Receipts 3000, higher. Wethers $7.00
8.50; lambs, $10.00 12.00; clipped lamba.
$tt.0U&10.15; .lipped ewes, $7.508.50; spring
lambs, $12(14.
Kanaaa flit TTwa Sfl OA
Ksnsas City. May 11. lL A'. S. 7 bogs 6O00,
higher. Bulk $0.a5(g9.85; beavy. $0'.
II.KO; packers snd butchers, $9.70&a.85; light
8r59.80; pigs. $. 50(99.25.
Cattle Receipts 2000, strong. Prime fed
steers $9.359.65; dressed beef steers. $8.00
41-25; western steers, $S.K)fat9.4n: stoi-kers
anl feeders, $7.00fcgs.?3; bulU, $37537.50;
cslves. $o.ooeeio.7&.
Sheep Receipts 7000, strong. Lambs J."W)tfi
12; yearlings, $8.50011; wethers, $7.509.50;
Oznaka Hogs $9,75,
Omaha, May 11. (I. N. 8.) Hogs 8.500,
steady. Beavy, $9.55 9.75; light. $9 40g9.(5;
pigs, S8.OO0.OO; bulk of sales. $9.500.0o.
Cattle ReceipU 8000, steady. Native steers
SS.O0fe9.50; cows snd heifers, $(1.75618.25;
v eatern steers, $7.00it.O0; Texas steers, $7.00
8.00; stockers and feeders. $.7ofa8.S.".
PheepRecelpta 8800, strong. ,Yearl!mts,
JS.75iH10.75: wethers, $8.25&9.5Q; lamba,
$10.75012-00.
Dearer Hogs $9,7$. 0
Denver, May 11. Cattle 30O0, steady. Beef
steers. $8.O029.0O; corns sad betfers, $8.50
7.80; stockers snd feeders, $T OofaS.30- calves,
$10.00 t 12.00.
Hogs 13ot, 40c higher. Top $9.75; balk
$0.05.
Sheep 200. strong. Lambs $10.2511.13;
ewef,.$8.2Oes.0Q.
Seattle Hon St.St.
Sesttle, Wash., Msy 11. P. S. 8.) Bogs
Receipts stesdy. Prime lights, $9.i3a
t.25; medlnm to choice, $9.O04i.0.13; smooth
Bvavies. $8.S06r8.75; rough faeavles. $S.00Si
8.23; pigs. $$.00188.75.
Cattle Receipts IB, steady. Best steers.
S8. 50619.00: medium to choice. sM.oocts.50
common to medium, $A.507.5O; best cows, $7
flT.eo; common to medium cows. S4.ww.$0
bulls, $4 Ml W 8.50; calves. $7.6008.50.
Sheep Receipts 8, steady. Lambs $1011.SC
yearlings su.uu(gH); ewes, .aoia.w.
St. Ixals Wool Market.
It. Lents, Mo.. May 10--(I. N. 8.5 Wool
. i . n. a 1 . '
' : Wwes, writing a (alllsff e advertisers rlets
bcntioa J.M rfooinsi. ... taav.j
MARKET HAS A
UI
11
NKMER FEELING
A FURTHER ADVANC
Peace Talk Has 1
Effect onTTrading
Raid Stop AdTancJrg Tendency,
While Industrial Shares Are
Heavy In New York.
E
Kew lork. Jlsf 11. (I. H. 8.) Tbe stock
market was subjected to peace talk influence
today. Rumors of an early cessation of bos
tlHUes in Europe were more pronounced today
titan at amy other time this year and the re
sultant heaviness of tbe industrial list cheeked
to a considerable extent tbe advanetnr ten
dency in tbe rails.
Heavy selling in Reading and Erie was pre
cipitated by reported governmental lnvestljs-
uon 01 tbe increase in anthracite coal prices.
Reont traders, small specalators snd taps
readers, for 'the most part were on UeJesr
Sft I&JZ!. t local organ of the In.tl-
In the -market today favored restricted eper
aticsa os the long side until some of the
present complications are eliminated.
Heading opened at 88V and In the rtrst tour
advanced fractionally. Rock Island was ac
tive and sold around 1S3H.
Steel common opened half no and farther
galna .were made in the early trading, while
cnwible went to soft in the first sales, trom
an opening lower. Zinc snd smelters were
about steady to tbe close and tbe locomotive
Usuts scored advances of 1 to 2 points In the
first boor, a) arise preferred waa unnsnslly
ctlve and went above 93 In the Initial activi
ties from an opening at 88 i4. Tbe sugar
stocks were s ctlve and htgberfThla was tine
of most of the standard specialties. Mexican
Petroleum went above 108.
The market closed firm.
Range of New York prices furnished by Over-
beck k Cooks Co., 216-217 ' Board of Trade
banding:
Open I High j Low tClose
JOBBING PRICfiS OP PORTLAND
These nrlces' are those at which wholesalers
sell to retailers, except aa otherwise stated.
Dairy Prodnoe.
BUTTER Prints, extras, 29c; prime firsts.
27c; firsts, 2SVjc; cubes, extras, 27sf2so;
prime firsts, Ac: firsts. aiiiAViZ pr lb.;
dairy. Ij20t
BUTTBRFAT PorUsnd deUvery Ne. 1
sour cream, 27c; No. 2, 25c.
KUUS seuing price by dealers unsettled.
delivery extra: Selected tresb. 22s22c dos,;
esse count, buying price; Oregon ranch, 21 He'
LIVE POULTRY Hens, besvy. Plymouth
Jtock. 18c; ordinary chickens, 17c lb.; staga.
lzc; broilers. Mtn-ioc io.; turaeys ixiuzic;
dressed, fancy. 2tii27c cnlls, 17(g20c; pig
eons, $1.00il.25; squabs, $1 20 doseu; geese,
live, 10llc; Pekln ducks, old, 10c lb.; young
and heavy, 17c; Indian Rnnucrs, 14c per lb.
CUEEiit, belling price: rresb Oregon rancy
full cream twins and triplets, 18c per lb.;
Young America. 19c. Price to jobbers: Fists,
ltic: Youm Amesics. 17c. f. o. b. : cream
brick, 23ii 24c; llmberger, 23tf2-c; Wisconsin
wheal, o44,jtSc; block Cwiss. 'Mjc. n
Fruits and vegetables.
FRESH FRUITS Oranges, fancy ntvel.
$2.0ua.25; bananas, 5c lb.; lemona, $3.00a
4.25 box; grapefruit, Florida, $4.505.25 caae;
pineapples. svauc per io.; pears, n.wmim.
RliKRma strawberries, riorui, i.soaii.(v:
Oiegon, $2.00.
APPLLia ixjcal, 50c$1.30 per box. accord
ing to quality.
UMOs i, ii.io per cental; no. z,
1.25&tl.50; association selling price, carloada.
$1.50 f. o. b. country "points; garlic, 12 Vic;
new onions si.ioiaz.uu craie.
POTATOES Helling price: Local, $1.23
1.50; buying price, $1.001.15 per cental;
new California, 44fcc; sweets, $3.60.
EOBTABLKS Turnips, Toe uosen bunches:
bets. 70c per doxen bunches; carrots. 70c per
dozen bunches; parsnips, $1.00 sack; cabbage,
1S.25 Der cwt.: green onions. 25c doxen
bunches; peppers, Florida, 25c dozes; head
tettuce. California, vi.a per crate: celery.
Florida. $3.0; cauliflower, local, 1.0Oai.i5
per dozen; French artichokes, 75c; aspara
gus, local, $1.00(gl.25 dozen bunches; hot
bouse cucumbers, $T.001-50 dozen; tomatoes,
Florida. 14 IX): egg plant. 20c lb.: sprouts.
9c, spinach, $1.00 per box; rhubarb. lVssTc
oef Ui.i uaaa. aiaovte id.
Meats, FUk and ProvUiscs.
DRESSED MEAT Selling prlee: Country
killed fancy bogs, n0iivo; poor. 8jlOc lb.;
fsncy veals, lot$ivfte; oruinary, uvic; goata,
aio.Dc lb.; spring lambs, 17c lb.; mutton,
Kb lh
s BAM8, BAt.ua. mu man, ivtaae io.:
breakfast bacon, 17g('30c ,b. ; boiled hams.
30c lb.; picnic, 13c; cottage roll, loftc; Ore
can exoorts. l&'S.llS'At per lb.
OYSTERS Olymplu, per gallon. $3; canned
axatern 55c can. SO.OO doxen: f astern lo shell.
$1.85 per 100; razor ciam, iz'c oozeu; east
eru ovstera. per gaiion, soiia uses, so.
FISH Uressea nouuaers. ic; enmoox sal
mon. 11c: perch, 74iSc per lb.; lobsters, ,20c;
ailvrr smelt. 6c: salmon trout, 12 "Ac lb:
halibut, 8 12c; torn cod, 7c; black baas. 7Vi
lb.; shsd, dresseo, ic id.
CKAxS large. s.io; mftiiuu, ooxen.
LARD iierccs. kettle rendered, 14 c;
standard, 14c.
urocenea.
SUGAR Cube, $9,20; powdered, $8.95: fruit
or berry, $8.45; beet, s.:s; ary granulated,
$8.45; D yellow, $7.b5. (Above quotations are
80 days net casn,j
HONlsi ew, jJiOMJJii per case.
RICE Japan atyla. No. 2. 4c; New Or-
kini head. 5!i(tiV,c: bine rose. 64c.
SALT Coarse, nail grounas, loos, jio.oo per
in: bus. ll.so: tsoie uairy, ous. siti.w; luus.
$10.50; bales. $2.25; lump rock, $20 per ton.
BEANS Small white, $8.25; large white,
$8.10; pluk, $0.25; liluas, $5.75;lbayou, $025;
red. so.oo.
Hops, wool ana uiaes.
HOPS Koiulnsl .ouying price, I15 or on
choice, 11c lb.; prime, loc; medium to prime.
7c lb.
WOOL Nominal, 1918 clip; Willamette val'
ley coarse Cotswold, S337c; medium Shrop
shire. i430c; fine, a2(tj,Jc; eastern Oregon.
19I&30C.
HlDlifi Salted hides (25 pounds and nn.
16c; salted stags (50 lbs. and up), 12c; salted
kip (15 lbs. to 25 lbs.), 17c: salted calf (up
to 15 lbs.) 22c; green bides (25 lbs. sad up).
14c: s-reen stags (50 lbs. and up). lOc: ereen
kip (15 lbs. to 25 lbs.). 17c; green calf (up to
15 lbs.), 22c; dry flint bides., 28c; dry flint
cttlf(up to 7 ids.), 90c; ary salt hides, 23c;
dry horse Biuea, eacn, dcaxti.ao; salt borse
hides, each, $2.00-83. 00; horsehair, 28c; dry
lane wool belts. 20c: ary snort wool pelts. 10c
dry sheep shearlings, esch. 10025c; sslted
sheep saeariings, eacu, i.-jiai-oc; coarse vsuey
wool, at market value; medium valley wool
at market value; mohair. 4?'j-iwc; fso. 1 tal
low. 8c: No. 2 tallow, 7c: No. 1 grease. 8c:
dry goats, long hair, IV; dry goata, ahear-
linga. eacb. 10S20c; salted long wool pelts.
April, ai.ao'&-ou.
talluw r.o. j, no. z. c; gresse. Te.
CH1TT1M OR CASCARA BARK Buy Ins
prices, per car lot, 4c; lesa than car lots, 4c.
Paints and Oila.
COAL OIL Water white, in drums and Iron
barrels. 10c.
LINSEED OHj Raw, bbls., 92c gallon; ket
tle boiled, bbls.. 04c; raw, ease, 97c: boiled
esse. 99c til.: lots or 250 callous, le less.
'1 L m'fc.Ji l l.N fc, lanas. Uic; cases, 74c gal
lon.
WHITE LEAD Ton lots. 10c lb.: 600 Bt.
lots. 11c: less lots, HVie ner lb.
OIL MEAL Carload iota. S34: less than car
lots, X30.50.
GABOLINK Basis prtce 19c per gallon.
50 Per Cent Rate Is
U. S. War Risk Rate
Xdoyds Caarg-ss Zt to Insure Against
War Wltb Oermany and 60 rer Cent
Afminat V, M. Braaklns; off aWlationa,
London, May 11. (J, N. S.) In
qulrles have been received in the in
8urance market for rates covering the)
risk of a disturbance between the
United States' svnd Oermany. 'S'.xty per
cent was quoted today against the risk
of cessation of diplomatic relations
between the two countries within the
next three months, and 50 , per cent
afainst the risk of a declaration of
war.
Alleged Spy Shot
Near Submarine L-8
Portsmouth, N. H., May' 11. (TJ. P.)
A supposed spy leaped into the. river
in the navyyard today when a guard
discovered him and fired a. shot. The
man sank from sight. Javal author
ities are dragging for his body. Of
ficials believe, the spy intended to
damage or - obtain ' information - about
, me submarine i-S. . t . ,
Finance- Commerce-Industr
(
Portland Banks to Pay Expenses of Threw Delegates Elected tb Cln
cinnatl Meeting of American Instltnte of BankiBg-Seattle In
stUntlona Adopt Dlffereni Plan. .
Banks Send Employes to Rational
Oonveatloav At the annual election of
the members of the Portland chapter
of the American Institute of Banking,
held in the rooms of tbe chapter at
the Multnomah hotel on Tuesday eve
ning, besides the election of officers
two delegates to the national conven
tion of the institute, which will be
held In Cincinnati in August were
elected. Those chosen were M. E.
Fitsgerald of Ladd & TiUon bank, who
for the past year was editor of -the
rscrintloo
Alaska Gold
Allla Chalmers, e
Allla Chalmers, pf. ...
American Beet Sugar.
A merles n Can, e
American Can, pf
American Car Fdy., c.
American Cot. Oil, e..
American Linseed, e...
American Loco., e.....
American etmelter, c..
American K me iter, pra.
American Sugar, e....
Am. Tel: A Tel '.
American Woolen, e
Aiiaconda Mining Co...
A tcblson, e
AtcbUnn, pf
Baldwin Loco., e
Baltimore A Ohio, e.
Btthlebem Steel, e
Bethlehem Steel, pfd..
Brooklyn R. T
Crllt. Petroleum, r. .
Calif. Petroleum, pf..
Canndlan Pacific
Central Leather, r
Cbesspeake' A Ohio
Chi., A U. W., c
ChL A G. W.. pf
C, M. A St. P
Chi. A N. W.. c
Chlno Copper
voioraao r. as i., -c....
Consolidated Gaa......
Corn Products, c......
Corn Products, pf...l.
Cmctbte Steel, c
Crncible Steel, pfd
ienwr & k. u., c
Denver A R- G-. pfd..
Distillers ,.
Erie, c
Erie, 1st pf
General Electric
General Motors........
Goodrich Rubber
G. Northern Ore Lands
G. horthren, pf.......
Greene-Cananea
Hide A Leather, c. ...
Ice Securities.
Illinois central
Industrial Alcohol.....
Inspiration
luterooro, e
lr.terboro, pfd. ......
Kansas City South., Cv.
Iickia wanna Steel
Leblgb Valley
LoriarUle A NaaliTille.
Mexican Petroleum. . . .
Miami Copper ......
M. K. A T., c
Kennecott Copper
Missonri I'actric ......
National Lesd
Nevada Cons
New: Haren
New York AJr Brake..
New York Central
N. V.. Onf. A W
Norfolk A W., c
Ncrtbern Pacific
Peunsylrsnia Baliwsy.
Teople's Gss
Pressed Steel Car, c. . .
Rsy Cons. Copper
Railway Steel Springs.
Reading, c
Heading, 1st pfd
Reading. 2d pfd
Republic L A S.. e
Republic L A 8.. pfd..
Rock Island
Sbattuck
Sears s Roebuck A Co.
8tudebsker, c
Studtbaker. pfd
Slosa Sbeffield
Southern Pacific
Southern Railway, c. ..
Soutbern Ry., pfd
5nu. Copper
Texas Oil
Texas Psclfic
Third Avenue
T.. Ht. Ij. W.. c
ITnkn Pacific, e
Union Pacific, pfd.l...
Ii. S. Rubbor, c
U. 8. Rubber, pfd
It. 8. Steel Co., c
V. S, Steel Co., pf...
United Cigars Mfg
Utah' Copper
Virginia Chemical, c...
W. V- Tclegfaph
Westlugbousfr Electric. .
Wisconsin central.....
Wooln-orth
28
784
78
22H
68 V4'
113
84 H
103 V
'85 ti
7Ss
23
48
ltttt
53 H
1
13
'o3H
42H
ioii
04
70
30
76
40
11H
oi
20
140
45
14
75
26 V4
105
4
50
6
05
17
134
it
124'
11254
11
47
22
8S'j
43
47
lo
21U
32 Vi
1H2
132
100
65
21 S
1
4.TU
101 Mi
185
55
10s
116
80
01 Vi
58
37
1R3
27
81
73
60
60"
22
70g
08
114
85 !
103
87
23
48
170
62
13
95"
53
42
1914
94
0
52
3
77
40
U9
054
20
148
454
16
Te
6
108
36
4
56
rl
17
105
124 1
112
56 k
101
4T
22
43
89
43
47 I
108
21
32
185
132
iow
98
21
61
45
192
lt
26
78
72
6544
68
'22
68 ii
96
112
84
103
87
23
.48
11
52
61
13
94
42
jo"
93
78
6
36
75
40
119
50
0
28
145
44
1H
74
25
105
38.
3
55
65
1T
132
1W4
123
1112
56
101
40Vi
22
88
4.V
46
lOg
20
32
181
131
100
55
07
4S
191
10
1'ntal sales. 454.200 shares.
Ex-dlr. 1 per cent.
135
fZ
65
108
83
"6
'80
02
60
u7
137
134
82
64
1IWJ
83
116
TO
91 V,
30
133
tute, and R. M. Doble, the retiring-
president of the Institute. These two.
with E. C. Sammons, the newly elected
president, will have all of their ex
penses paid In connection with their
attendance at the national convention.
The Portland Clearing; house, which
has each year paid the expenses of cer
tain delegates to the bank clerks' con
vention, this year agreed to finance
the trips of one delegate for each 109
members enrolled by the Institute, or
a major fraction of 100. The Institute
now has a membership of a few over
800 clerks and is therefore entitled to
send three delegates. Li A. Perry of
the Northwestern National bank was
elected an alternate in case any one
of the three chosen la unable to at
tend. The clearing house also pays
$1000 towards the expenses of the
maintenance of the quarters used by
the clerks in the Multnomah hotel, and
the cost of carrying on a course of ed
ucational lectures on banking and al
lied topics which are of especial serv
ice to the bank clerks.
Banks Reward Industrious Employes.
Eight of the Seattle banks will each
award the one of its employes who
was among those successful in passing
with the highest grades the annual
examinations on the theory and prac
tice of banking, held by the Seattle
chapter of the American Institute of
Banking, by giving him a trip with all
expenses paid to the national conven
tion of the American Institute of
Banking, to be held in Cincinnati In
September. , err a class of 44 men, 17
attained percentages of over 90. This
will give the Heat tie bank clerks a
representation of more than 12 men
at the convention, aa the president of
the local chapter will go by virtue of
his position and other bank employes
expect to take their vacations in this j
wcy. The employes who were suc
cessful in this connection were B. N. 1m
Davis, tellerv National Bank of Com
merce; Caspar W. Clark, statement
clerk. Union Trust & Savings bank; W.
C. Phillips, teller, First National bank;
Harry J. Nutt, Bank of California; II.
O. QrondahL Seattle State bnk; Wal
ter Q. Seelbach, Seattle National bank,
and representatives from the Scandi
navian and Dexter llorton National
banks.
aoxtland Chapter Elects B. C. Sam
mons. The local chapter of the Amer
ican Institute of Banking elected E. C.
Sammons, assistant ' cashier of the
Lumbermen National hank, president
at the annual election held in the rooms
26 Jof the Institute at the Multnomah hotel.
63 I Ma will hnva aBanrlntit with him on
the board of directors, W. M. Adair,
Security Savings & Trust company; T.
E. Dooley, Hlbernia Savings bank; A.
T. Matthew, bank of Calltornia; L. A.
Perry, Northwestern National bank,
and Floyd Warren, First National bank.
T. U. West of Ladd & Tllton bank was
elected to represent the chapter at the
am.ual convention of the Oregon State
Bankers' association to be held in Port
land during- Rose Festival week.
. Electrical Sdon to Use Trade Accept
ances. At the last monthly meeting of
the Electric Dealers' association it was
unanimously decided by , the Jobbing
house members Of the organization to
use trade acceptances as generally as
possible In the extension of credit to
their trade. F. N. Averill, president of
the association, addressed tbe members
l 20
v
72
56
10
K
62
22
63
06
113
112
128
84
103
100
SG
87
445
135
85
23
48
1UI)
1J
(11
J?
12S
63
42
19
93
79
114
1"
22
61
88
52
105
425
70
40 I
Jn-ia
0O?
6
28
101
147
16
74
78
127
106
36
6
5
17
68
133
104
27
;i23
112
56
101
40
2
42
88
45
42
40
108
20
32
184
131
1U9
65
97
2i
on the subject and urged their' u
The practice of using acceptances is b
lng generally encouraged by the bank
The advantage claimed for the plan 1
that It puts the transactions on s
available cash basis and ensures th
ultimate payment of the transaction 1
a way that could not be otherwise at
talned. ;.."'? ' j
Caase of miae la Silver The Ma
monthly letter of the National Cit
bank of New York, copies of which ar
distributed locally by the Unite
States National bank, contains the To
lowing explanation for the recent ria
in silver: , y-'.i :
"The gathering of gold coin from elr
culation into the Issue banks of Ju
rope created a demand for silver col:
to take its place In common use an:
the payments to the soldiers and In
creased, amounts of change required U
(pay the workers .In the munitions fee-
n . , , . . .. . t. 1 1
tones nave ueen iaciors. unwi xjru
ain coined 28,000,000 ounces Of Silver
in 1915, which is five or six times the
normal amount. France. Italy, Hol
land and other countries have pur
chased unusual amounts. The revival
of trade in the United States created
a new demand for change in this coun
try, and the mints resumed purchases
In September last, since when 'about:
6,000.000 ounces have been aoqulred, I
The movement to Asia Is. atlll very:
light and under the circumstances the
advance cannot be regarded with con
fidence. It seems to be dependent upon
the continuance of government "pur
chases, and as these are for subsidiary ;
coins only the amount that can be.ab-
sorbed is limited." v!
Zs There a meal Prosperity A, B.
Farquhar, of A. E. Farquhar eV Co., S
Ltd., manufacturers of farm imple-1
ments and heavy machinery, York.
Penn.: The part that war orders have
played in the growth of business In the
United States' is well defined. We do
not have to think about that. It fur
nishes tho larger portion of our ex
ports, and so far as there is a "wave
of prosperity" in this country. It fol
lows the etcer manufacturers and Oth
ers interested in said exports. It does
not pertain to tbe people generally
since business throughout the country
is not fully normal; for instance, does
not com para with 1906 and the first
half of 1907, before the panic, or oven
'09, '10 and '12. following the panle.
Of course the aggregate of our for-,
elgn trade will greatly diminish In
bulk after tbe war, but the trade tn
some Unci, such as cotton, 1 naval
stores, agricultural implements" and
other articles that are a 'specialty of
the United States, will increase.
Immediately following the war there
Is likely to be a depression la domes
tie trsde, but I see no reasoa why It
should not tecover at least the present
status or more, eventually becoming
normal. C
Since not one-tenth of the business
men of tbls country or their clients
have felt any signs of a prosperity
wave, I camict imagine why the newe
papers, ecpeclally trade Journals,
should continue to harp upon It.
In conclusion w'.U say, we are a care
less, wastetul, thoughtless nation. We
do not take life seriously. If we keep
our heads, study economy and effic
iency, and do not wasts our substance
In making this a military nation, there
is no reason why the United States
should not continue to prosper, ".g
Hood XJver Bank Buys Boadfv At
a meeting- of the board of directors of
the Hood River publio schools held
Wednesday night, the Butler Banking
company of Hood River was the high
est bidder for the $45,000 school bond.
They offered a premium of 11409. The
bonds matured In 20 years and bear 8
per cent Interest. Eight bids were sub
mltted. Work will begin at once Jn
the erection of the new school unit OB
Eugene street and the t 30,000. Im
provement to the high school building
on the heights.
Washington and California this spring.
Bishop Breyfogel will be the leading
speaker at the woman's missionary con
vention, In Albany, Or, beginning to
ol I day.
45 I O.mnw ClaflAM n..1,fl.l will H.Airh
1 " " . '
eo : Tenth and Clay streets, at 11 a. m.;
5 ! First United Evangelical church, East
1 i Sixteenth and Poplar streets, at 3 p.
m.; Evangelical church, Lenta, 7:0
107 P. ml ........
83 I une Diafiop win preside at me Ore
gon annual conference, beginning
Thursday. He will then station the
Oregon preachers for the coming year.
116
59
80
3l
69
87
137'
Counsel Says Press
Hounded Slaughter
Prosecution of Pastor Compared With
Frank Case; State, Aceused of ! Jug company, left Seattle this morn-
Would Repeal Dry
Law in Washington
Bert X. Swexea Declares riling- of
Initiative Bill Follows Demands from
All Farts of State.
Seattle. Wash.. May 11. (U. P.)
1 Bert L. Swezea of the Pioneer Prlnt-
Threateninf (Mr, to Seeure Evidence.
Oroville. Cal.. May ll.--(P. N. S.)
Attorney Guy Kennedy prefaced his
arguments to the jury this morning
by a bitter attack on tbe press of the
state, denouncing tne newspapers as
biasing publio opinion against the
Rev. Madison Slaughter and in favor
of Gertrude Lamson.
He compared the Slaughter case
to tbe Frank case of Georgia and de
clared that the press was hounding
Slaughter as it" did Frank. He de
clared that powerful influences were
at work against his client on account
of his reform campaign and that the
vested interests were straining every
nerve for Slaughter's conviction.
He accused the prosecution of mak
ing the Lamson girl testify to lies
against the pastor by threatening; her
vi.h the rerorm school.
Bishop Breyfogel
Is Portland Visitor
t : , 1
Beading-, Pa, Xieader to Be Principal
Speaker at Woman's Missionary Con
vention at Albany.
Bishop a C- Breyfogel. of Beading.
Pa., is in Portland today on a western
visit to attend conferences of tbe Evan
gelical church to be held In Oregon,
lug for Olympla to file an initiative
bill, repealing 'he present prohibition
bill.
There are two initiative measures
now on file amending the prohibition,
which is known as initiative No. 3.
The Swesea bill is for an absolute
repeal.
The bill was decided upon following
a' meeting of several business men,
says gwesea, and was prompted by tbe
fact that Initiative bill No. 3 was
adopted by ttfe people "without fully
understanding its provisions."
"The filing of this bill," Swezea
said, "is In response to demands from
all parts of the state to have a second
vote on the question.".
Perkins on National.;
G. 0. P Committee
Xaooma Pnfcllsher Seeleetedi Bepubll
' can and Progressive Delegate Stay
Oo to Chloag-o In a Special Car.
Seattle. May 11. (U. P.) Samuef
Perkins, publisher of Tacoma, waa re
elected this morning as Republican;
national com ml Hem n from Washing-.'
tdn. This action was taken by .he
Washington delegation to Chicago,
which met in State Chairman Millard
T. Hartaon's 'office in the Smith build
ing. It carried outjthe spirit of a mo
tion made at the state convention last
Saturday, when Perkins withdrew his
name as a candidate for delegate-!-large
m order to make room for Hart
son. The delectation also took up matters,
of transportation, and a special car on
which the Republican and Progressive
delegates to Chicago will Jointly travel,
may be decided upon.
PORTLAND FIRE RECORD
Tuesday. :'i-v";i
12:55 p. m. 999 East NlneteentU
street north, chimney fire; slight dam
age. 4
4:12 p. m. 237 Glenn avenue, ear-)
leesness with matches; 100 damage., ,
Wednesday. '. t
11:16. a. m. Chandler's bakery, J 004,
Belmont street, defective bake oven,'
130 damage. '
8:0S p. m. John Erlckson, 7M No--halera
street, explosion of kerosene
stove, house destroyed, loss onestl
mated. Tbnnday. f- -ir 'f;v';
No fires. '
Overbeck & Cooke Co
r
Stock. Bonds. C ottos, Oratm, Stev-i
K6-OTBoera of Trade Buttdlaf.'
DIRECT PRIVATE WIRES
dfq ALL KCHANGE5
Members Chicago Board Trade r
Correspondence of lertn A Bryan.
i Chicago. New York. . .
The First National Bank
Fifth and Morrison Streets
: r. f
; Capital and Surplus. $3,500,000
In every department of banking we
are prepared to serve the public ac-.ceptably.
-"