The Oregon daily journal. (Portland, Or.) 1902-1972, May 21, 1916, Image 22

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The Oregon daily journal., May 21, 1916, Page 22, Image 22

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Newspaper Page Text: THE - .OREGON SUNDAY JOURNAL, PORTLAND, : SUNDAY MORNING,' MAY ! 21, 1916. ORTLAN D GAI N ING GROUND AS WOOL Edited by Hyman H. Cohen FINANCE, INDUSTRY AND TRADE REVIEWED CENTER STRIBUTION PLAN OF FRUfl OF NORTHWEST MOST WIDELY KNOWN !orth Pacific Distributor Make , Sensational Showing Daring Its Three Years of Existence Northwestern Utilizes Markets. Figures compiled by the leading 'rult market Interests of Oregon. 3a.no and Washington clearly reflect '.) wide distribution of the fruit prod icts of the Pacific northwest. The 'isrursa submitted by the North Pacific distributors' are especially Interesting, the organisation was a young one. rhe Distributors show that they titll d 621 markets in the United State tone during the three years of the rganlzatton's existence, compared 1th a total of 282 markets utilised by he Northwestern Fruit Exchange, ac--ordiar to the latter's figures. The showing of the Distributors In Jtcates that no expense has been tared or tasks considered too hard to -ecure suitable markets for the fruit n Its keeplna. The figures of exports made by the orth Pacific Fruit Distributors in the iumbr of markets utilized are some what misleading, an they no not show he totals to cither European or Sciatic markets. In the caso of the European . markets the bulk of the an'tpmeats were made to either London ir Liverpool, where the fruit was d:s rjbuted to other markets. The Asiatic figures are missing from the Distrib utors report because the sales were mads for acceptance at seaboard. The published reports of the markets toed in the distribution of Pacific northwest fruits during the three rears' existence of the North Pacific" Distributors and the six 'years rf the Northwestern fruit Exchange, ii well as the government's figures, how: , ' DOMESTIC MARKETS. ' N. W. N. P. v. a. rult Hx- Dlatrtb- Oly't change, utors. Total. Arkansas Manama Arisona California Colorado Jonnectlcut I'lstrict of Columbia., Florida Georgia 6 Illinois Indiana Idaho Iowa Kansas tientucky Louisiana Mains Massachusetts .... Maryland Michigan Minnesota Mississippi Missouri lontane Nebraska "ew Hampshire . . sew Tork Mew Jersey North, Dakota PORTLAND WOOL TRADE IS GROWING uf "'V- '"l. j-.. !;! I I a a .:-7. .sr... v.?,-... -::: ; ; if k : Hi' r 1 rs: !( L. ill 'mi a il. , few Oklahoma Oregon Rhode Island Houth Dakota Texas Tennessee ......... Tttah i4. Virginia Washington Wisconsin West Virginia Wyoming Canada: Total . o t .2 K 5 . 10 l id . 2 4 8 . 3 2,3 . Ill . 1 2 0 . 5 3 1 . 4 1 4 .3 3 2 .111 15 .If 33 IT . 34 62 9 2 " S 5 4 .2 3 3 . 6 4 4 . Ill . 13 4 . 12 61 SO ,3 1 0 .6 5 6 .18 63 97 . 8 20 11 . 0 0 1 . B 12 5 . 0 01 . 35 40 1M . 10 11 4 .9 19 14 . 1 4 2 . 4 6 3 . 1 I 1 . 6 26 20 . 38 41 60 .4 4 4 , I 2 3 3 2 " .1 .3 12 26 . 7 18 4 .3 0 2 .3 12 23 . 17 49 292 621 634 n ill -t 2 s-sA 4 s t f yf W 1 1 L,2slfc. fill 111. r ill STOCK MARKET HAS LESS EXCnEMENT IN THE DAY'S T RAD1NG riJksteS The picture shows how wool is handled In the Portland warehouses. The importance of selecting Portland as a wool-marketing center Is now generally seen in the interior and shipments to this city are showing an increase. By Hyman H. Cohen. Portland Is receiving far more wool this season iTom the Interior of the Pacific northwest than ever before. The excellent start given this city last season as a Wool marketing center has forced heavier Rupplies In this direc tion from the country. While it Is true that the bulk of the shipments of wool to this city to date this season has cbnsisted of small lots, stUl the aggregate is liberal and shows the growing importance of Portland as a wool distributing and marketing center. If wool growers of the Inland Em pire, as well as the Willamette valley, could thoroughly . understand the Im portance of making Portland their mar keting center, there is every likelihood that they would receive better net re turns for their fleece than by yelling under the present system in vogue in the Interior by auction and on con tract. Two large wool warehouse companies are located in tnis city, and. besides these, there are a number of prominent dealers operating on an extensive scale. By sorting and grading wool and properly packing it. better prices are obtainable than under the old system of throwing everything Into a sack -and lettla it go at that. Mill inter ests are able to purchase just what they need under the system Inaugurated at Portland, and for this privilege arc willing to nay something extra In price. Under the old system of selling wool in the interior, buvers. as a rule, paid only the price for the lowest grade wool In the pack. This means, therefore, that the best wool brought no better price than the poor stocky Under the system In vogue at Portland ware houses, the wool is sold on the basis of Quamy aione. For export. Th statement showing Ihe numtai of markets into which the North Pa cific Fruit Distributors fold carlot Khipments of northwest fruits during the three pat seasons. 1913 to PJ16 in clusive, is incomplete in that it does not Include the final points of delivery on several hundred cars of "C grade Wheat Trade Has A Weaker Feeling During the Week The trend of the wheat trade all over the world was weak during the Inst six days. European trade was es pecially depressing and cash prices at Liverpool and cargoes at London were both Sower. While the market at Chicago was erratic. It was nevertheless weaker for the six days. Nominally this affectea the local situation, but the home mar ket for wheat at this time is a mill ing affair and this is confined to a few lntereste. While oats and barley prices were erratic during the week, the trend of the trade was steady at the closing. Millstuffs were firm all week with prices generally higher. HX)UR Selling price: Patent, B.20: Wil lamette Talley. 14.80; local trtlfht. S4-W C; baker' local. t4.S0i35.20: Moutans aprlng wbeat. $,10; exporti. J4.BO4.70; whole wleat, 8.HB; graham, $6.40; if flour, $5.85 p barrel. HAY Buying price: Willamette Ttllejr tim othy fancy. 20; eastern Oregon-Idaho fancy timothy. $2122; alfalfa. $21 22; etch and ml, rlrvr S1A. GRAIN SACKS 1910 nominal No. 1 Calcut ta. 1313c In carlota; lea amounta are nlEier. ROLLED OAT $ S0fii.7!S per barrel. ROLLED BAflLEY tSl.rvfl0it2.GO per torn. May qnotatlona on the Portland merchant exchange: WHEAT Frl. Thura. Wed. Tuee. Mon. Bid apples sold In large diocks in North. Dakota, Alberta. Saskatche wan, and Manitoba, where the firms In rat. u iiukrn yicm rhain nouses, mis lummao nun subject to inspection and acceptance t Spokane, the buyers thereupon pav lnVw and diverting the cars to their ultimata destinations. A conservative estimate cf the number of markets to whln these apples were actually for; warded serves to double the number of markets shown in this statement foj Alberta, Saskatchewan, Manitoba and K?nhsubstanUatton of this estimate . t U noted that, whereas the North Pa ri fl statement shows a total of 40 markets u!d in ' North Dakota, the government's reports of dltrlbtion for tha total apple crop of 1915. nhows a total of 11 destinations in North Dakota. The government does not show the aotui number of markets shipped to in the Canadian provinces. Upon h basis of actual number of markets shower the North Pwlffc. doubled to include the Spokane in transit sales, Ihii wonid make an additional number lo favor .or tne uninouima Saturday Fid. Ask. Itlueatem 102 103 Forty fold OS 07 Club P3 03 Red fife 92 07 Red Ruanlan 82 04 Feed 2650 2700 101 K 102H 104 64 62 13 02 S4 02 82 92 OATS 94 93 104 04 03 93 93 93 03 104 1 3 03 93 Primary Markets . For Wool Getting All the Attention Boston. Mass.. Miy 20. Interest In the wool market this week is In the primary domestic centers where there has been a decided expansion of opera tions and waa to be expected it re bounds to the benefit of the growers. Buying of the new wools la reported on a big scale In all the territory statfes save Montana. Not a little buy ing Is by the manufacturers direct. Locally there has not been active trad ing, but a pretty constant Inquiry for combing wool or worsted wools con tinues. Spot supplies of such wools, either demestic or foreign, are at low pro portions. Not much doing in fleece wools, quite a little scoured wool hav ing been moved the past week, how ever. Pulled wools are quiet for want of supplies. Good combing Australian 64? at 85c cents clean is now at a min imum price,-with some holding as high as SOc. Choice fine domestic clips are rated right around 80c clean, and choice New Mexico wools of thissorder not much below 75c on the basis or cost in the primary markets. New wools must fetch, it Is generally rigured, 0o lor fine staple for dealers to get out with a profit. Receipts this Week: Domestic, 3.914,059 pounds; for eiKn, 9,04,9,996 pounds. POTATOES ALONG THE COAST Shorts Cover on Early Trade and Force Wheat Rise Chicago, May 20. The feature of the early wheat market was liberal buy ing for short account as the traders in that position has good profits and the feeling prevailed that a reaction was due after the recent break. Of ferings, however, were liberal in re sponse to the bids by the shorts and after that demand was satisfied an easy tone developed, due to forecasts of heavier receipts In the northwest next weeK ana reports or selling in Winnipeg, said to be for Liverpool account. Present weather conditions are for the growing crop but the Insect damage Is conspicuous mi reports received, ea DeciaUv from Kansas. Sales to so to store were 100,000 bushels and there aoes not seem to oe any market im provement in the cash-" demand even at the concession in values. Corn market was firmed on short covering as auite a croo of bears have developed due to the recent weakness in the market, snipping demand is as stagnantas It has been for weeks past. Oats were content to fluctuate In line with the leading cereals and clos ing prices were practically unchanged from last night's close. Receipts con tinue in grood volume although country offerings are said to show a slight falling off. Rains In the southwest have materially benefitted crop pros pects where some apprehension was felt over dry weather. Reading and! Other Leaders of the Rail jSroup Make Substantial Advances; Industrial Group js Hit by Liquidation. New Tork. May 20. Trading was not so excited today. Readimx held wen and qiute a few rails scored ad vances, but the buying was largely professional and under cover of the strength of the rail department witli noticeable considerable realising- m certain quarters of the Industrial list. une large volume of dealings In Kenn Copper yesterday failed to impress outsiders and the response from buy ers was very meagre. The firmness of Anaconda seemed to be in the na ture of ' a belated resoonsa to the strength In other directions. Peace DroDOsala continud to rerlt tn press reports and there Is little question but that the large market is beginning to shape its course In keep ing with the chanced order of thine. Ottflnite peace proposals of course may bo. relatively remote, but if it is con ceded that the function of the stock. market is to discount coming events months In advance, of their actual oc currence, then It wuld appear that the inception oi a period oi reacuus nvent is not likely to be so far distant as Borne -imagine. The Mexican outlook is somewhat clouded and the same may again be injected Into the stock reckonings as disturbing influences when least ex pected. The short Interest has con tracted. . HEAVER RECEIPTS IN, N. PORTLAND YARDS FOR WEEK JUST PAST Ron 1st Increased in . All Lines- Weakness Shown for Swine and Sheer With Cattle Reported Just About Steady at $9 for Tops. roazxAHB uvustoox aim. Hogs. Cattle. Calves. Sheep. This week . .7298 Last week . .6137 Prev. week . .6290 Month ago . .5306 Year ago . . . .4421 2 years ago. .4490 3 years ago. .3432 184 970 4 2269 952 83 17Si 1248 68 1181 1229 49 4399 1057 95 6164 1608 17 7374 DeaerlPtloo 2J50 2850 26.V) 2W0 20.-0 BARLEY. Feed 2700 2000 Bran 2400 2.VK) Khorti 27 W) 28T.0 2700 2700 2S00 MILLSTUFFS 2750 2725 24O0 2380 2100 24' Aa Total Katl- Sbown. mated. Alberta .. . Saskatchewan Manitoba 19 20 3 42 84 43 Total Esti mated. 561 91 Additional numbers for Canada. At Enti- , . '' Shown, mated. M...I, n.VMi .... 40 40 Additional markets In United States, 40 , Aa i. f v Shown. Total for V. 3 631 Total for Canada.. 49 Both countries 670 652 markets 1 j EXPORT MARKETS . , N. W. N.P. . , -. Frnlt Ex- Dlstrlb- ' iV: change, utora. 1- 1 , 1 1 ...... 20 6 3 2 2 1 J760 2600 2700 Futurea wece quoted: WHEAT June Muestem inly bluratem June forty told July forty fold Jane flub July club June red fite July red fife June Huaitlan July Ruaalaa 0 'AA " 2400 2700 1 2000 Bid. 102 101ft 113 9.1 92 92 92 92 92 92 June July J tint Jul; Jan bran . . July bran . June ahorta July thorta FEED OATS 2850 2tto0 KEKD DAHLKV 2700 2tW0 MILLSTUFFS 2425 .. 24M) 2750 ..2750 Ak. 103 103 96 V, 95 95 96 96 i4 91 2700 2;bo 2850 2S50 2500 2XO 2800 2800 1 Seattle Market. Beattle, Wash.. May 20. (U. P.) Onions Oregon, 22ttc: Taklm. lc. Potatoes White River, $28?i30; Yak-j lma Burbanks, $3436; Yakima Gems.l $3436. San Francisco l&arket. San Francisco, May 20. (U. P.) . Potatoes, per cental Deltas, 11 vi 1.3w? Shlmas, l.4O1.70; Oregon lancy, $05 2: Washington netted gems, $1,6561.90. Onions Australians, $2.503 per cental; Alameda, 2H2c per pound New York Sugar and Coffee. IMnnr Vftrir Ma rr 90 -( TT T l Ma 7 HRlo, 9; No. 4 Santos. 10c. Sugar Centrifugal. 16.39. Cuba Hongkong .. PenmarK. . Pritish (En Germany ... Ireland Holland.... Hawaii rhillipplnes Finland France ... gland) tKANNPOKTAriQSi - Alaska Ketchikan, Wrangell, Petersburg, Juneau, Douglas, H alnes. kagway. Nome and St. Michael. California Via Seattle or Han rrancisco to &os Angeles and Saa Diego. Large,, comwodlooa paaaeufe ,ateaiDr. tow . ratea. Including berth and meals. 1 Full particulars apply or, telephone rickst Office 848 Washington St. 1 Fe-. Kate 839. ome, JL-S893. 3E - gAiLB-TJiaECT roa -SAN FRANCISCO LOS ANGELES SAN DIEGO Tomorrow, Hay 82, 3:30 P. K Pas Franciaoo, Poruana ft Ioe Ancaia hteemahip C S - Frank BolUm. Agant. -n4 THIRD STREET. ; A-4496. Mala 8a Russia Scotland South Africa .. Norway South America Wales Sweden Belgium . k DAIRY PRODUCE ON THE COAST WHEAT. . . . Open. High. Low. clow. May 110 11 H0. 1UMB July n2J 112 llli in A ISept 112 113V 1119a 112 COEN. May 74Si 75 74 744 A July 73 74V4 73 73 B Sept 72V 72 72 724 OATS. May 44 45 44 44 H July 42 42 4 41 42 B Sept 39 . 39 39U, S9A PORK. May 2415 2405 N July 2355 2355 2345 2355 Stpt 2320 2322 23 IO 2322 LARD. May 1295 N July 1297 1297 J2S5 1292 B Sept 1310 1310 1297 1306 A RIBS. - May 1286 B July 12X0 12S5 1277 1282 Kept 12B0 1296 127 1296 A Alaaka Gold.. A Ilia Chalmers, e American Beet Sugar.. American Can, e American Car Fdy., c. American Cot. (U, c.. American Llnaeed, e... American Loco., c... American Smelter, e. . American Bugar, o Am. Tel. & Tel American Woolen, c... Anaconda Mining Co.. Atchison, e Baldwin Locc., e Baltimore & Ohio, c Bethlehem Steel, c Brooklyn Rapid Transit Can. Pac Central Leather, c... Chesapeake & Ohio... C, & G. W., e C. M, & St. P ChL A N. W., c Chino Copper Colorado Y. a ., e. . Consolidated Gas..... Corn Prodacts, c Crocible Steel, ...... InTer it, R. a., e... Erie, e Erie, let pf General Electric General Motors. Goodrich Rubber G. Northern Ore Lands G. Northern, pt Illinois Central. Industrial Alcohol... Inspiration . . . Interboro, c K. C. Southern, c... Lackawanna Steel . . . Lehigh Valley Louis, a Nashville. .. Mez. Pet. Miami Copper.. Kennecott Copper . . . Missouri Pacific National Lead - Nevada Con. New Haren . N. Y. CenUal.. N. Y., Ont. & Western Norfolk a western, e. Northern Pacific Pacific Mall Penn. Railway". Peoples Gas Pressed Steel Oar, c. . Ray Cons. Copper...., Ry. Steel Springs Reading, e Repub. Iron a Steel, e Rock Island abstract Stndebaker, c Monlhern Pactfle . Southern Ry., e. Union Pacific, e U. S. Rubber, e U. S. Steel Co., c... Utah Copper West. Union Tel Westinghouse Elec. . . . Wisconsin Central . . . 22 27 74 86 80 64 22 71 100 113 46 ouva 100 86 92 . 87 176 04 T M 43 84 14 40 65 172 76 41 122 104k 107 19 27 81 56 17 82 107 125 U4 67 47 23 103 1 H3 1W 23 138 83 80 ?2 22 27 7 67 60 54 ' 23 71 100 113 48 S6 105 92 87 22 Vi 2f 73 56 00 54 22 70 99 113 '46' 86 104 (W 91 87 182J17 54 64 14 87 54, 43 84 , 14 40i 65 172 76 41 122, 104 15S 46 19 27 '81 109 66 17 62 107 i26 114 57 54 63 14 81 64" 43 83 14 40 65 172 75 l-'.8 104 155 45 18 26 's6 107 65 6 47-- 23 ioi" 49 18 33 137 100 24 139 55 85 81 39 17 62 106 125 114 67 40 23 ioi 48 19 33 135 99 23 138 54 85 80 " 6 1 14 39 2 27 73 W 00 54 22 7) 99 113 128 in loo 80 2 443 87 181 54 63 14 87 129 04 43 131 194 84 14 40 55 172 4f0 78 41 122 Vi ilia 157 46 18 26 70 80 129 uo.'y 30 63 6 09 m, 62 106 27 125 114 21 67 101 4 23 40 103 4S 19 32 137 100 23 1S 54 85 81 94 62 39 With receipts In the swine division far beydnd thole of any recent weea, th market for hogs at North Portland turned weak after an early advance. At the start of the week hogs sola up to $9.16 in the local yards, com nnreri with ttu ht , nrle or 19.1V inn previous! Saturday. 'Later In the week the market began to show a sagging disposition with the ' closing price around U8.90. At leakt this is all that ih r!r trillnr wore willinir to Day. ah hough a few small butchers caught; short, were compelled to pay as uig.i aw $S.96P9.00. General beg market: Choice Ugiht weights, nominal $8.9Oa9.00 Good llgti weights..., " 8.WX88.80 Medium weights S.GOfflS.TS Rough anil beavy 8.00JS-25 Cattle ICarkat Is Steady. Market for cattle waa steady North Portland during the week, ev.n though ihere was a fair increase In the marketing of the last two weeks. Top Cattle were quoted generally around $9 and at this price the demand v.-as tjood.at the start of the week vhen suitable quality was available. Later in the week there was no real teppy stuff in sllgnt, tnererore quota- tlOf.S General cattle market range Choice polp-fed ateers Choice gnitin-ed steers , Ordinary grain-fed stoers.... Ckolce hay-fed tteere Good ateers Oidinary ito common steers... Choice coat a Ordinary ito common cows.,.. .tS.MQ9.00 8.75 . S.25t8.40 . 8.&f)?.75 . 7.50(S8.')0 . 6.00Q7.00 7.50 .. 7.2n37.3S . 7.50r7.75 . 7.0037.28 . 6.GO6T6.00 4.0OCO.) Mushroom Culture Means Much Work But Success Is Achieved in Portland Fred 11. Hansen Has Much Experience in Eluding Failure in Growing of Delicacy Greatest Care Is Necessary in Order to Secure Results From the Planting. Bv Harry R. Burke. flight, mellow soil, either sand or black Mushrooms brought Fred R. HansoT, - loam- Clay loam is impossible to suc 6829 Fifty-fourth avenue S. E.. back to cess. sanity 'when his mind was threatened,. In these beds the spawn is planted he will tell vou. But that was not all. from 8 to 10 Inches apart, In 10 inch xney are now . rows. From these the mushrooms profitable means of llvel hood, and this , . colonies lortiana man, wno is matting a success , cafe ii th first ntioi . e . m.h,Am n,lrrv on rommer- 1 are 18 tne "rst essential of success V SBfe vv , nlni .o U r Kara on man v e norft nBVi la 1 v-e. uv.v o T rs nf mr.ll Irf Thft miahxnma failed; is rapidly extending nis pusi- L ,7.7 th Ue '"".rJff.i Total tales, 325,100 ahores. Choice net f era Ordinary ' heifers" . . . Chok-a bnUs .....7.. Oidinary ito common bulls 2.002.75 U.Bt llfl.tt f9tm ..... 8.00 Good calirei 7.00O7.3O Mtttton SupDlieg Incrsass. With IncreasinR- supplies of mutton and lambs beinn - marReted at North Portland, soma showing of weakness was Indicated In prices during the six days trading. Lambs started the week at 110. but later on there was nothing- moved be vnn A . so nriri this seemed to be the extreme top that klllerB hers would offer. utner stocK soiu yiuv tionate :piices. General! shorn motton and lamb rangst Select spring lam be - 9M Best Tearllnea Sfl 8.60 rvut tn ipnmmon wethera T.&Ou 7.75 Tiest ewaa 6. B0 Good to common ewes K.0O6.SS TOBBIKG PRICES OP PORTLAND These prices are those at Wbicb wholesalers aeu to retauera, except as oincrwis nam. Dairr Prodnoa. BUTTER Prints, extras, 29c; prims firsts, 27c; firsts. 28c; , cooes, extraa, 27 Q24; prima firsts. 25c; firsts, 2434e per U j dairy. 19 20c. BTJTTEKFAT Portland delivery N. 1 sour rreaim. 27c; No. 2, 25c. EGOS Selling price by dealers unsettled, delivery extra: Selected fresh, 24c dos.; caae count, baying nrice. Oregon ranch, 2222c, LIVE POLLIRV Heus. hea. Piyinuuut Rock, ll6c; ordinary chickens, lc lb.j stags, 12c; broilers, 3035c; turkeys. 182le; dressed, fancy, 26 27c, culls. U20c; pig. sons, Sl.l00ttl.l6; rquabs. (I 20 doxea; geese, live, 10 lie; Pektn ducks, old. ISc lb.; young and beaty, 17c; Indian Runners, 14e per lb. CHEkSdJ Selling price: Proab Oregon fancy fni: cretmii twins and triplets, I8l8e lb.; Young America. luaiT'JjC rno to Jobbera Flata. 15c: Touna America. 16c f. o. b. cream brisk. 22c; limberger, 23c; Wisconsin wheel, 34ii30c; block Swiss. SOc. Fruits and V ere tables. 12.004(3.2; bananas, Gc lb.; lemons, $3.0Ci 4.25 bolt grapefruit., Florida, S4.&06.20 caae; pineapples. (U6c per lb.; pesra. $1.5ofii2.(0 BEKBIES Strawberriea, Oregon, S3.00j 3.,.; goinweDernes, oc id. APPLE1 uocai. 60c1.30 per boa, sceora int. to quality. ONIONS No. 1, (1.75 per cental: No. 2. $l.2."alJ."0; gajllc, 12c; new onions, $1.75 rl, y Oil rtfatp. Os-ill T)4-T T ! POTAIOKS SelUng prtoe; Lecsl. -ILSSQ vim xiaiuur ruur :c.fflornf..ra ziss.lJr eDU1 . VI liETABi.KS lurnips,- z sack: carrots. y . 12 per usck; parsnips. $1.00 sack; cabbaup. Walla WsJla, Wash., May 20. A!-!3.rjo per cwL; green onions 25j dotes mougn tne neavy rain or l nursaay i Zaaiajr Off of Sigh Xressur Coa dlUoas. There is evidence In the sum-: maries of business operation for the week, in the-eastern trade centers, that the high pressure of business activity which has ruled for the past "saveral months is easing; up. There s more ry leas halting and uncertainty n the outlook for the future. While t-ere Is an immense amount of business sold ahead, the volume of new orders has diminished noticeably. Merchants are inclined to purchase more, slowly, so as not to be caught with too heavy stocks on hand when an adjustment shall come, which it Is believed Is only a question of the near future, v i The high prices, the unsettled labor market and the insistent peace talk are all factors that have had their Influ ence. On the New Tork atock exchange there are efforts to Inspire confidence In a general rise in share and bond values, but the market is slow to acquiesce in the suggestions loads to buyers. A great many seem glad for ah opportunity to reap profits on the least favorable turn. Vortnwest Conditions Coatltute to improve. As is indicated In the fol lowing reports af conditions local to Portland, made by Bradstrset's mer cantile agency, the improvement In conditions in the northwest oltls-s con tinues: Portland. In lumber sections trade In all commodities continues to lm prove. Lumber mtHs ara running full time . ana report business increasing. Wool buyers are giving their attention to nstem Oregon where clipping la general and several large sales have peen consummated at high prices. At the stock yards all lines are steady and demand is brisk. Wheat yield in Oregon for 19l will be less than last year. The forecast for 1816 la 12.400,- ooo Dusneis while the estimated final crop for last year was 16.800,000 bushels. Too much moisture and cold weather east of the mountains is said to have had a retarding effect on the grain crop. Frosts have done consider able damage to fruit, especially prunes. Collections improving. Bank Clearings Again Show Im provement In. Business. Again the bank clearings of the principal cities of the Pacific toast district show large increase over the corresponding weea or last year. This Is added testi mony to the improvement In business conditions which have set in for the territory west of the Cascade moun tains. Portland, In this exhibit, is able to show a gain of more than 1500,00.) over the figures of the corresponding week of last year, notwithstanding the fact that the banks were closed one day of the six on which the report is based. The dealings of the six principal cities for tha weak ended May 20, com pared with the week of May 22, 1916, Is as follows: May2n.'ie. May 22. '15. Inrreasa Portland .. .flO,697,oeo $10,081,629 665,470 Beattle 14,259,041 11.94.1,231 2,315,Rlo Tacoma 2,847,368 1.779,636 567. 733 Spokane ... 4.679,881 3,644,689 , 1,035,195 Baa Fran. . 68,837, 136 61,583,691 18,803,646 Los Angeles 25,434.070 18,660.082 6,774, 8S8 The grand total of clearings for the United States forNthe week ended May 20, 1916, is $4,769,331,000, compared with $3,198,144,000 for the week ended May 20, 1815, an increase of $1,661,- 187,300. Wheat Condition Is nignt went tar toward improving con ditions generally In the Walla Walia. wheat belt, it Is the belief of some local growers that the change for bet ter has come too late in the season to materially change the harvest pros pect. It la estimated that present con ditions, as compared with the normal, are about iB per cent. Acreage sown last fall was considerably smaller than usual, owing to late -arrival of wet weather, and severe freezing early in the season. Spring and fall sown acreage combined it Is estimated will be 10 per cent below the normal for this valley. s In-some sections of the valley, tha fall sown fields nave a brick like ap pearance, the surface of the ground being crusted to such an extent thtt but one blade of wheat has appeared, where under mormal conditions, thero was a sturdy plant of several blades. The spring sown wheat, it is claimed, has not "stooled" properly, probably because of the cool weather, and vci- low spots are to be seen alike In thoi spring ana tan sown wneat Xeuber Saake Add 3,ooo,ooo to , serves The statement of the opera tions Of the federal reserve bankvat San Francisco for the week ended May -19, shows -tha result of the payment by the member banks of the additional" quota On the reserve account. The act amount paid by the banks cannot ' be determined by the statement. It' shows an increase in deposits of menv . ber banks of $8,341,000. from 19.165,. 000 to 122,(06,000. The amount paid - in represents one-twelfth of 13 per . cent of the net demand and bank de posits and one-twelfth of 6 per cent of the time deposits of country banks, and ene-flfteenth of 15 per cent of the demand deposits and one-fifteenth et 6 per cent of ths time deposits .PI tne banks of the cities like Portland. The statemerrt also shows a gain ef over $3,000,000 in total resources or tne Twelfth district bank a sain of 1814,- 000 in bank acceptances and a gain of $2,293,000 in total reserves. - The principal items In the statement now stand: " '( Gold in own vaults $ 6,616.000 Gold settlement fund J,401,00i Total reserves Commercial paper counts) Bank acceptances . . . United States bonds . Municipal warrants . Federal reserve notes Capital paid tredls- 10.0SMJ0 4Z9.00tk 8.8B6.00J 8,690.000 , S.620.000 4.8.00t) 3,98,JOe Daooslts. net. member banks 22.&06.00J Government deposits 1,624, dOa Total resources 27,956.000. Money Market Exhibited Weakness. . The variations of the rates for . money during the week at New York' gave the Impression of weakness for 1' the entire period. Demand loans were . offered as low as 1, per cent, and: 6 months money as low as 8 per cent. ' Foreign exchange was steady at about the same rate. Silver continued to rule at higher ratea than last week. The range of rates for tha week' Was as follows: New York Demand loans were, weak with the ruling rate 12 par cent; time loans, 24 3 per cent for 60 days; !& per cent for 90 days, sfe 3V4 per cent for 6 months; com mercial paper, 3V4 per cent for 60 and 90 days. Portland Time loans and commer- -cial discounts 68 per cent; New York ' exchange $1 premium. Seattle Time loans and commercial .. discounts 6S per cant; New .York. ' exchange $1.1' 5 premium. i San Francisco Time loans and com" mercial discounts 4 6 per cent, Mex- ' lean dollars nominal. Bight drafts 1 : cent; telegraphic tranafera, 2-3 cent. Exchange on London, at New York, varied from 4.76 to 4.76. Bar silver was steady at 78 H; Meg lean dollars was higher at 68V4. Rediscount rates on tha federal re serve bank at San Francisco remained unchanged. The following are tha rates . at the given maturities: , t Commercial paper, 1-10 days, 8 per i cent; 11-30 cays, 3V4 Per cent; 81-60 days, 4 per cent; 61-90 days, 4 pern cent. - Agricultural and livestock paper, 91 days to six months maturity, &V4 per ' cent. ; Trade acceptances, 1-10 days, 3 per cent; 31-60 days, 3 per cent; 61-90 days, . 8 per cent. Commodity paper, 1-30 days, 8V4 per eent; 31-60 days, 4 per cent; 61-90 days, 4V4 per cent; 91 days-6 months, 6 per cent. Bankers' acceptances, 2 to 4 per cent. Seattle, Wash., May 20. (TJ. P.) Butter Native Washington creamery, brick, 29c; do solid pack, 28c CheeseOregon triplets, 19c; Wis cousin twins, 19c; Toung America, 22c. Eggs select rancn, 26c San Francisco Market. San Francisco, Cal., May 20. (IT. P.) Butter Kxtras, 2oc; prime firsts, 24 Vic; firsts, 23 Vic Eggs Extras, 23c; first:. 21 c: pullets, 20c. Cheese California fancy, 12 He; firsts. 12c. San Francisco Cash Grain. Can ffMntlu,. SJT a .. OA ,r, v. v Wheat (Spot) California club, 81.66 Si.oi-Ts, jmriaern ciud, St. is w 1 77 V4 1 Russian red, $1.72 7.75; fortyfold. $1.S01.82; Turkey red, $187 1.90; bluestem, $1.92 1.95. Barley, per cental Feed, No 1 to choice, $1.321.35; shipping and brewing, $1.37 01.40. Oats Red, feed, $1.321.40; white. tl.62HQl.55; black, nominal. War Ends lie Luxe Cars. Stuttgart, May 20. (I, N. S.)- On of tne results of the war is the demo cratization of the German railroads at least in the southern states of the empire. The first class cars which are used only by a comparatively omwt aumwr oi weaitny ana exclu sive travelers are to be abolished. The start has been made by the state ralfeoads of Wuerttemberr "orhiih hereafter .will only have two classes of carriages. ?ortant plants for the production of hat delicacyon the coast. It is not all lust a caae of happen-so, although Mr. Hanson, in the beginning, started to grow mushrooms lff the base ment of a Chicago apartment houser for his own home use His success repre sents many failures, much study, and infinite care. The little nursery in tne cnicago anartment house basement tnriveu. Besides those lor his nome use, Air. Hanmn nrovided mushrooms for his neighbors." Then his wife passed away. Grieving over her loss, nis mma al most collapsed. He sought a change of smns cn m to Portland and started a little' mushroom nursery In the base ment of his nome. xnere were repeat ed failures during the first year. At mospheric conditions brought failure to the same metnoas mat in vnicago weio a success. Finally, Dy a comoinauon oi Chemicals, which he will not now dis cuss, he found the secret which keeps his hens tree rrom me mura taai once prevented the growtn or tne rungi. .tie has 1500 aauare feet of basement beds that produce a dollar's worth of mushrooms to tne square.joot every si months. Ana he is Busy, nappy ana wll. , The basement mushroom nursery Is a small place, 84 feet square. Every available foot of room is made into beds, of which there are three tiers. Only the narrowest of passageways arel between, one siaies tnrougn in aisies. The beda are 6 feet wide, and the length of the basement, being built one above the other, about 18 inches apart. The frame of the bed Is made of 12-inch boards, m this frame wen rottea ma nura is nlaced and tamped solidly to I depth of 10 inches. . Then a top dress ing of soli "casing," -the mushroom grower calls it Is put on. This Is a and not allowed to burst and die, for me aeain or one causes the death of the colony which aroas fmm th u,n. spawn. The temperature must always d rignt. The moisture, too. All this means constant attention. xou can see tnem now." sav Ur Hanson. "When the cron is cominsr on 60 cents a pound. And nroduction was lean an i ! Increasing. The chef summoned him. now many pounas nave you goc 10 day ?" he asked. "Sixty" was the reply. The chef threw up his hands and his contract According to th advanced stage of the beds Mr. Hanson markets each day from ten to sixty pounds of mush rooms. Those sold on contract in Port land bring 60 cents per pound. The in (rood share vou hav. tn h surplus is shipped to the San Francisco them almost' every minute. Several market where it is sold at 75 cents per nines eacu nignt, at aoout two hour 1 PouJiu- lntervala wherr they are coming on "wh i nve m get up ana picn them. me spawn is plan tea the musn room beds are good for about six monins, 11 properly handled, before they must be renewed. An inn,rt man could kill them in a few weeks Portland Isn't a mushroom market." explains Mr. Hanson, "because they haven't been able to successfully grow them here. I amr willing to take less to build up the local market.'' So successful has the basement nursery been that -Mr. Hanson has bv lettlnar the mouM est in n i-t.n leased two old nurseries a ahort dia some of the mushrooms die In the tance northeast of his home where he beds by keeping them too wet or too is Putting in 8,000 square et cf beds. ary. rsut wim care tne beds should , DUUi onKiaauy ior inusnroom nurs reduce a dollar to the square foot efore renewing. ine Dig expense is in renewing or making the new beds." exniatna Wr- Hanson, "But 1 have discovered that eries these buildings are admirably adapted to the purpose and ha la con fident of success. When visited there he was maxing the new beds. uood, clean norse manure is the they can be r craned an4 th. m , first essential.' hs saf&. "and bv haul- foundation of manure used over mm ingr It la this White truck I rerlvce that and am even getting better results cost greatly. Instead of using manure from that method than by making new beds every six months. The humidity nere gave me great trouble at first and mould made success Impossible an tlUby experimenting -i stumbled onto a chemical compound that made it pos sible to control it." When Mr. Hanson began successful ly to grow mushrooms in Portland he made a contract with the chef of a local hotel to take his output at a cer tain price. It wasn't long until the ehef realised that he had a problem on his hands. Hanson's production was too big. The chef began selling other hotels for he did not want togive up his contract. Hanson was.msrkstisr between 29 and 30 pounds each day at naturally rotted 1 cure it with chemi cals. After standing overnight it Is well rotted, and odorless and what is more, it is stronger in ammonia than that naturally rotted. Nothing has leacnea away. Hot water pipes circulate through the new nursery buildings afid will enable him to keen an evpn temnsrs. tare in cold weather much easier than with the oil stoves which he used last winter. -.- . . s .. . Liverpool Cash Wheat. IJyerpool,' May 20, (I. N. g. Wheat ppm. xm. jnsmtooa jzs oo; not. i northern spring, 12s 2d;v Ke., 2 red westers winter bumhes: peppers, a lorids, 26c doses; bsatl i.rntn Palitumia. S-.OO DCr erata? nW, Horlda. a.60; cauUtlower, local 1.0081.J per aoten; rrruvu smcuusrs, ioc; aspura ecs. loual $1.001.25 dosen tranches: hot house cucumbers, dozeu; tomatoes, I lorids, 4-1, Maxlcan, fiiaX.oi); egg uiant. 20c lb.;, sprouta. 9c; aplnaeh. $1 per box; rhubarb, ivsw v otaic in. 11 call, 1 ua and IvotUIobs. DUKSfeLu A1B.A1 aelUng pm.-: Coantri klJiert Uucy W. H(lVc, puor. gIIOe lb.; iaucy Tsaw, xv , ui urn, j , viifioc; goats, ajk lb.; spring luuba. .7c ib.; mutiuo. 1Uul.b(S BACON. ETC. Ha ma ik . breaKtasil uscou, I7,4j,a0o ,t.; boiled hams! .. . n1...,t lUt.' mill... i . j . ... auv tit., i,v., - .v.h 7ks; "rs- ,,. vuoris. lo&16e per lb. . I.:. - . jil.nii.l. d 11 . . n UlBisiw V - i.uub, so ; csnnea eastern 55c can, (4.60 tloxen: eastern in abrlL $1.85 p 100; rasor dam. a2e doseu; a,i eru oyuerB, pt gallon, solid pack, $4, 1 r'ISU Uressed flounders. 7c; ebinook sal mou, 12c lb.; perch. 748c lb.; lobsters, 23c; Uer smelt, 6c; salmon trout, 12e fu, halibut, 7ft(il0c; torn cod, 7c; black bass. 7 i,t. lb.; ansa, dresseo, 7c tb. sturgeoo. lac. tttAnr-"t '-, eya-ew laOtva. itnuaattlU HC . lIOvSi ifa, SUUAiB Cube. $i.ao; powdered, $8.93; frnlt or beirj, oij o or graaulaled. .0 yeuow, ..oo. mdts guoiauous are - - . . ..I, k JJt. USJS Utfc I 1, t. x r " . pr raaa. uu Jsuao stils. No. 2. 4kc: Naw Or. Ireiis, ban. ieVc; -iu rose, 6& 8ALK coaisr, m aruuuus, luus, sio.ek) per snii. 111. Jo: table dairy. 60a. sia.oo: !. $ic!50; bales. 2.25; luiup-rock, $a) per toa. 10; plus. o.A; uuwa, oswu, SttU; red. Aps, 4. w. uv . ii maa, uiiPk Nuiulual .burins' nrlca. lma Mnn choice. He lb.; primt!. Iwc; ounlium u pri ala. Jo. wii,l. Nomlaal. 1916 Clip: Wlllamarta lev coarse Cuuwold, a5Q37c; medium SiuroB- Ulre. mia'&c; floe, kU'W; esstein Otsgoa. 5lllJi& Baited bides (26 pounds and op). 16c; salted stags i lUa. and upj, i2Cj salted kip (i6 Us. to 25 lbs.), lie; salted calf (uu to 15 ls.), 23Z4e; green maes -(23 lbs. and p). llvc; green stags (OO Ins. and npl, rrea 15 lbs. to 23 lbs.) lic; grec-a calf lal to 13 lbs.), aa&SMc; dr, flint fidi. 2bs29s; dry flint calf (up to 7 lbs.), ale; dry salt hides, 23c; dry uorsehides, each. (1 fi2. salt borsehtdes, each, $2.ootia.5o; horse hair, Stec; dry long wool pelts, aoc: dry short wool pelts, 12c; dry sheep shearlings, eact. dr, goats, kug bsir, lc; dry goatt, sbear mia; ack, lwac; salwd long wool pelts, si 4Wsii-W) ' v - lAUAlW Ko. 1, 8c; So. 2, 7e; grease, Jc . CH1TT1M OB CASCAEA BAEK Haying artces. tosr csr lot. 4c; less than car Iota, c OlailB 18I, 40c lb. Faints and Oils. COAJL OIL W sua wbiui. is drasM ssd ires betrels. 10c. UMSKKU OIL Raw, bbta.. 2c gallon ; ket tle boiled, bbla., 4c: raw, case,, ulc: boUee ease, Ue gil-; kU of 250 gallons, lc lass. TCB?EtVJMk links, 6ie; cases, 1 gaj loo. t- WB1TE LEAD Ton lots. 10 lb.; 600 lb. luta. lit: less lots, 11 'Ac par lb. OIL. MEAiy Carload tola, ti less tnsa caH- Uts, $35.50. UA-SOL1NE Basis price I9e per gallon. - 4 r ' When writing or caning on advertiser please Man Fights Leopard In Pittsburg Street Z soaped Beast Attacks Xotorist, 'Who rights Animal Off With Oraak Be longs to Circus. Pittsburg, May 10. Persons on Fed eral street were alarmed when they heard cries of "The leopard has es caped!" Men, women and children sought safety behind doors and In stores and barrooms as the leopard ran up the thoroughfare. John Douglas stopped to crank his automobile to make better time In get ting away. The leopard aprang at him. With the auto crank he defended nim self. beating the animal on the head until it was unconscious, but not be fore he had been badly scratched about the face and body. The leopard was being transferred from tha winter quarters of a circus on Bast Robinson street to a wagon, when the cage door became unfastened. The animal sprang out and, running along Lacock street, turned up Federal etreet. After Douglas had beaten the animal, employes of the circus bound and took it back to its cage. Douglas is not much the worse tor the experience. AMERICAN LIVESTOCK PRICES Ckleags Kegs $10.1$. Cblcsgu. May 20. (I. N. 8.) Hogs Re ceipts WMJO, wesk. Unchanged to 5 cents i:n ler yesterday's average. . balk $.9010.10; llk'ht, $fl.oil0.1o: mixed, $9.7810.16; heavy, 6H.65 10. 10; rough, $M.65IK80; pigs, $7.6O0 s.oo. Csttle Becelnts 100, steady; native beef steers. UOOJ1T.25; western (teers, $8.201 B.20; arocUers snd feeders, $6.0038 SO; cows and belters. 4.403.RO; caWes, $8.00011.23. Mbeep Receipts zoou. stesay. wetners S'.oo (310.10; bunbs, $9.10012.85; springs, $11,000 13.50. Kansas City Hogs $8.61, Kansas City, Msr 20. (I. N. .) Hogs Receipts inoo 'higher. Bulk, $.706.0: lieavr, fA.ft5U.)5: packers and butchers. $9.75 Qft.95: light, $8.0O.9O; pigs, $8.75(30.25. Cattle Iteeelpti 200, steady. Prime fed steers, $.K0i0: dressed f beef steers, $825i$ 9.40; western steers. 63.25ift9.7B; stackers snd feeder. $7.25H.s3; bulls. $6.00(37.75; Calves, $.V)ftll. St'eep Receipts 1100. steady. Lasaoa, $104 12.r.o; yesrUngs. $0.0011.25; wetbsrs, $6.2544 9.V5; ewes, $.0OaO.50. St. LenU Hogs $10. St. licmis. May 20. (I. N. g.) Bogs Re ceipts 1500. steady. Pigs and lights, $7.60 9.05: mixed and batchers, $9.85(310.06; coed heavy. llOfttlO.oC; bnlk. $0.8510. Csttle Receipts 50. steady. Native haef teets, $7.5OQ10; yearling steers and baiters, fS.509.75; cows. $5.2508.26: toekers 'ami feeders. $SJJ0b.5(i: sou them steers, $5.73$ S.85; rows anT heifer. 59; prim yearling steers and neiters, .vt.(io.zo; nsiiv raiTes, SttLl: nrlnie southern steers. $84fB.50. Sheep Receipts 3200, steady. Wstbers, $7 iambs, siofia.TU' cupped s-wea. -.ro(t 8.70: clipped iambs, $0.50ailJO; spring lamb. $l$l. Omaha Kaws B9.SI. Omaha, May 20, (I. N . 8. ) Hogs Re ceipts eino, steady. Heavy, j3.7onju.B6; ugnt. ts..M9.76; Pig. 6469; bnlk of sates, $9.t) 9.75. Cattle Rocelota 100. steady. Nitty steers. $808-73; enws and heifers, t6.75fl8.20; west ern ateers, iijigv Texas steers, siqsi stock, era and feeders, $8 7538.60. BUeep Receipt 100, steady. Tsarllnr, $R.75a 10.75; wethers, $-25Q9.73; lamb. iv.r(aii.i). vsnver noes ss.vo. Denver." Mar 20. Csttle Keeatota laoa. firm. Beet aueem, $7.759; cowa and heifers, I6.50l.7-T5; "tocker and feadera $6.S08.50; calves. $10tai2. Hogs Receipt 1200: maxkat strangar.' Top, J0; balk, $o.0.3. Bheep Receipts 200 steady. Lamb, fUQ ix.u, ewes, so.z3aia.ja, .- Beattle Hogs t.H. Seattle. Wash.. May 30. fP. K. g.) Bogs neceipia vi, steady, rnns iignrs, 9.wi 6.15: medium to choice. 9.00&&,O5i smooth feeavles, $8.508.65; rough and bry, $7.60 438.15; pigs, $H.00e.65. Cattla Uecelnta 426. tsdr. Meat itMn o-ioiuia.sw, inetiinus io - conic, a)n.oun(s.iMi; eommoo to medium. $6J(Oli:7.50: beat cows. S7.ouQ7.50; oomroon to saedlna row, $4.00fi 6.50S tall. $4.60a6.50l caleM. $TJM8.50. Bheeo Ceceiots none, steady. Lamha IO 00 010.50; v yearlings, IHjOQWJ&O; swes, $7.!i High School Pupils Making Munitions Tairtesn Philadelphia tads Xmployad by Mldval Steel k Ordnance Co, to Have Chance to Oat Oood Jobs. aPhlladelphia. pa.. May 20. Thirteen pupils of the June graduating class of tha Northwest high school have entered the ernploy of the Midvale Steel & Ord nance' company under n sgreement Which bids fair to transform the boysj lnto expert mechanic under conditions' so attractive that the liveliest competi tion for similar positions with the com-': pany has aet in among the other (0 ; youths of the class. Only pupils Whose class standing Is beyond criticism are ' allowed by tbelr teachers to take ad- , vantage of the company's offer, . The boys were put to work on am munition at 17 H cents an hour. Thyt have spent one vacation period, and are , spending one afternoon and Saturday , morning each week et the plant. At the end of June each one still em ployed will receive a bonus of $16. If, after that time, they continue to work,. the company ha agreed to take them apprentices by the end of October, at a salary of 126 a week. All the boys have been pupils in the manual training department of the high school. Since the Midvale offer was received, Professor George W. Eklngs, instructor in manual training at the ' school, has had similar offers from' ether ooncern, . She Slept in Church And Judge Fined Her Colored Woman Could Vot Bests Sweet Old Tane, "Hark Trom the Tomb"; Whan Site Asreka, Evry One Oone. ' Atlanta, Oa., May 80. "Hark, rrom ' the Tomb," was such a sweet old tune. that It caused Wesley Thurman, ritw Racnrrlar Jnhnaon tha next morn ing pleading guilty to being asleep in tha church. "I was walking by the church," ex plained .Wesley, "and they were singing ; that sweet, old tune. 'Marie, From tne Tomb'; it waa so sweet that I went la and went to sleep, when I woke up. the lights were out, I couldn't see how to . .... T 1 U-.1, , ... sleep." . ' Police had received complaints from ; the deacon that some one had been '; sleeping In the church. Wesley was fined $3.76, and toid jpy the Judge not to go to sleep In churcb any more. Overbeck & Cooker Co. Stocks. Bonds Cotton. Grain, Etc DIRECT PRIVATE " WIRES TO ALL : EXCHANGES Members Chicago Board of Trade Cernespondanta ef Logan Byraa . Chioago. New York. ... . , gl-X7 Bbaxd of Trade BuUdiag. 1 Bientlan -is sournau - , (Adr.)