s
THfe OREGON DAILY JOURNAL,-PORTLAND, ".-MONDAY. MAY .22, 1916.
A3
SERIOUS DAMAGE DONE TO WHEAT CROP OF ENTIRE WORLD
Cohen
VEAL MARKET HAS A
STRONG
FEELING
FRONT
ST. T
RADING
Strength Contlnned Over From Last
of the Week With Small Supply
Market Mm Been Very Erratic
of Late Prices Again Good.
Th seal market U showing on of ttaoM
peculiar twists that bas teen noticeable In the
local trad during went week at intervals.
' On Saturday there wm noticeable strength
In !ha demand for calves along th street, with
supplies evtremely scarce. This condition wii
continued over Sunday, and during the morning
trade- the oil for veal m exceptionally fa
vorable, with limited, sales as blgb at 11
12c a ponnu.
Whether thla atrangtb to tbe Teal market
win ciHiuuuv uunna iav remainder or. me whs
la a matter of much .peculation among tbe
trade. Recently It baa been noted that when
ever the market was good at the atart of the
twl, It baa generally been dr pruned later.
The moment 'an Improvement In the market
waa noted by tbe country, shippers flooded the
trade with supplies, and this aoon called
forth lower values. Whether history will re
peat Itself la now the matter of debate.
Strawberries Are
Holding Firm Here
V,
Sale of Willamette Valley Stock
Generally at $3.50 Kenne
wick n $3.75.
KtrawberHea were again firm and high la
tbe wholesale market during tbe day, Kenne
wlck stock wii In email snooty, and tbe best
offerings were quoted rather firm at $3.75 a
crate for Clarke. v
Supplira from the Willamette valley were
only in fair volume, and sales were made gen
erally at $3.60 a crate. There waa some very
good stork offering; from Rex. and these were
quickly anapped np at tbe price boted.
word cornea from the leading strawberry
producing aectkma of tba Pacific northweet
that tbla baa been the moat backward season
known to the shipping trade. Shipments from
and fear a are expreswd that tbe crop will
ripen all at once, thereby throwing tbe entire
ctop on the market within a very abort period
Total crop Is expected to be somewhat smaller
than normal oo thla account.
COWS SELL UP TO S8
AT NORTH PORTLAND
M RUN SMALLER
4 .
California and Montana Supply the
Greater Portion of Run Hogs
Again Sell as High as $9.10
' Mntton Run Is Limited.
MORE APRICOTS ARE COMING
fiecelpts of apricots from the south are
lowly Increasing with a slight Improvement
.In tbe quality. Hair, were reported alow
during the day at 1.50 a crate of four
MOORE STARTS NEW FIRM
A new produce firm bas made Ita appesr
. ance on the atreet. U. M. Moore, for yeara
connected with Mark Levy A Co., and a well
known duck producer of ilex, bas Joined with
M. Hyverson, under the Dame of tbo Moore
Produce company.
GOOSEBERRIES VERY SLOW
With arrival, abowlng a fair Imrrrase there
eontlnuea a dragging time In the gweberry
market. Ha lee are genra!ly reported alow
at 4c a pound. 'Die high coat uf augur la tbe
demoralising factor.
ASPARAGUS HOLDING HIGH
While tbe extreme pricea obtained Saturday
. were not generally maintained during the
(lay, extra fancy aaparagus from Hood River
waa quoted at $1.40 per dozen bunebea dur
ing the day. Bales of Walla Walla flat were
around 11.65 a box.
I GO MARKET IS HOLDING
ITacMnlly do rbauge waa shown In tt
pries of eggs during the day. Home alight
wtrkneas waa shown Ui outside market! with
the supply again showing art Increase. I'oul
try market waa generally quiet.
Solid Organization
Aids Berry Prices
Rennewick. Wash.. May 22. Continued "old
weather has retarded the ripening of straw.
berrle In thla Berth). Never before In the
hlrtory of the stranlierry Industry here baa the
period for lea than carload ahlpruenta tasted ao
long, nor aueb a lurge number of berrtee go out
In lese than rnr shlpmenta before a can, was
loailed tint. Three weeks have passed since
berries flrat started ripening, wbile Friday
night saw the movement of the flrat etralgbt
carload. Eleven thousand crates have been
ahlipcd In small express lots by the Ken
nrwlct Ririil.incl Marketing union St an
avernse price to dHte of (.',.50 f. o. b. Ken
newick. Never before in the history of berry
sl-lpinents from Kennewlck have pricea re
ivslncd so airady and at sorb a high figure
fr no great a length of time after the opening
of the seavHi. The favorable condition a are
attributed to the fact that 05 per cent of tbe
growera are ablpplng through one agency, and
that Kennewlrk berrtee are tbe only berrlea
on the markets to dnte. One ablpper states
that for the past week or 10 daya he has been
turning down order, earn day for from 5oc,0
to OOOO crate, at $3.50 per crate. The union
tin orders for thousands of rratee aa aoon aa
the berrlea come on faster and the prlre drop
to f.!.-3. Two ears will be loaded out tonight.
asm n
xt a
61 13
62 8
54
111
1023 94
982
843 96
1040 22
'P.
833
483
2
141
801
293
6.15
1038
rOBTLAND LIVESTOCK RCH
Hogs. Cattle. Calves. Sheet
Monday -. 7789
Saturday 263
Kliday 831
Thuraday 225
Wednesday 481
Treday 444
Week ago 4920
Year ago 2030
Two yeara ago 1687
Three yeara ago 1040
Were It not for the shipments of cattle from
California, whlrb were expected, there would
have been an unuaually poor showing of live
stock auppllea at the opening of tbe greek's
trade.
As matters stand, even with tbe California
auppllea. there was a amaller ran of cattle at
North fortlaud than last Monday, and thla waa
tbe chief aid to tbe market. A sale of a good
lot of cows was made at ($.
General cattle market range:
Choice pulp-fed steers
Choice grain-fed steers
Ordinary grain-fed steers ..
Choice bay-fed steers
Qood steers
Ordinary to common steers....
Choice cows .'
Ordinary to com men cowa
Choice beifere
Ordinary heifers..
Choice bnlla
Good to fair bulla
Ordinary to common bulls
Heat ligbt calves
Good calves
AMERICAN LIVESTOCK PRICES
tlXSEEI) OIL IS LOWERED
Announcement was made during the day by
W. I. Fuller Co. of a cut of rc a gallon In
former prlcee on linseed oil, and a cut of tic a
gallon on turpentine.
BRIEF NOTES OF THE TRADE
New potatoes ateady at 3V.ft3c a pound.
Old potatoes In good demand.
New California oulons are dragging at old
prices.
Another carload of Florida tomatoes in. Re
parked Welling at $4.50 a crate.
California ateamer reported with freab sup
ply of greeue.
SHIPPERS' WEATHER NOTICE
Weather bureau advlaes: Protect ahlpmenta
daring the next 48 hours aa far north as f-'e-
1 attic against minimum temperatures of about
8b .degreea northeast to Spokane, 34 de-
greet; southeast to Koine, 30 degrees; south
to Aahland, 04 dtgreea. Minimum tempera
ture at 1'ortland tonight about 30 degreea.
JOBBING PRICES OF PORTLAND
These prices are thoao at whlrb wholeaalers
' sell to retailers, except as otherwise stated:
Dairy Produce,
"'' BUTTER Prints, exlraa. 29e; prime, firsts,
tVc; flrata, 20 Vac; cubes, extraa, 27Gij2.Sc;
prima flrata, 25c; firsts, 2l24c per lb.;
dulrv 1(ii2(1o.
.bG'TTbUUi'AT Portland delivery No. 1
sour cream, 27c; No. 2, 25c. I
KUtiS BelUua nrlce br dealers unsettled.
delivery extra: Selected fresh, 24c dos.; raae
count, buying price, Oregon ranch, 22'i22c.
L1VB POLLTU1' liena, heavy, PImoutb
Rock, 1616c; ordinary chickens, 16c lb.;
ataga, 12o; broilers. JOfcXc; turkeja. 1Ni821c;
dressed, fancy, 20a27c; cnlls, liU2oc; pig
ods, l.lH)((t 1.25; squabs, $1.20 doaen; geese,
live, lorn; tic; Pekln duck, old. 16c lb.; young
and heavy, 17c; Indian Runners. 14c lb.
I'll HUSK Selling prlre: Fresh Oregon fancy
mi cream iwins anu iripieis, lotuio'dc m. ;
Vmi r. & nta.l . 17., 171. ... ,,.,, .
riata, 15c; Xonng America. 16c. f. o. h
cream brick, 22c; ilni larger. 23c; Wiaronaln
Hbeel, S4ttooc; block Hwlaa, 30c.
Fruits and agetables.
FRESH FRUITS Oranzea. fanrv navel
2.004ajii.25; bananas. fVc lb.; lemons. $;t.(S.ic
4.26 box; grapefruit, Florida, $4.&0Vt.V2." case;
pineapples. i,tic ii.; pears, 1. &off(2.00
BERRIK3 SUawterries, Oregon, $3.50;
gooseberries 4c lb.
APPLKS Local, BOcaiJSO per box, accord-
ang 10 quaiuy.
nwinNs v.k i ai ?a i icn o
l.25j)1.50; garlic, lii'ttc; new onioua. $'l.7o
Cix.a crate.
POTATOES Selling price: Local, $l.C9ia
1.75; buying price, $1.25411.85 per cental;
sew l utoruia, oc; swaeta, 3.no,
VEGETABLES Turnips, $2 aack; carrots.
s-j per saca; parsnips, $1.00 aack; cabbage
$3.00 per cwt. ; green onions. 25c dnt!n
bunches; pepperi, Florida, 25c doxen; brad
itrtuce, talitorula, $2.00 psr crate; celery
Florida. $:t.5o; cauliflower, local, gl.OOecl.ll
per aoieu; t renin artlcbokea. Toe; asparv
gua, ai i.(Ui.40 aoxen bunches: hot-
,ltocae cucumbers, $1.001.25 doaen; tomatoes.
sinus, at; Mexican, aa.uorai.ou; egg plant
20c lb.; sprouts, Oc; aolnaih, $1 pee box;
rtuueru, iVj'HiC per id; peaa, Stl2c ID.
Heats, Fish and Frerlaiona.
rRESSED MEATS Selling price: Country
Kiuea lancy noga, iiiiivc; poor, 8rl0c lb
farcy veala. llUHVir; ordinary, OfjilOe; goata,
aar&e lb: snrlfitf lnmlis 1 7c 11, imiitim
10c lb.
UAMS, BACON, ETC. llama, 10a22tte lb
breakfast bacon, 17U30c lb.; boiled bams
80 lb.; picnic. He; cottage foil, 15'ac; Ore
gon exporia, iowioc per lu
Seattle Eogs $9.15.
Seattle, Wash.. May 22. (P.' N. 8 nogs
Kereipts 2211, steady. Prime lights, $9. loft
.15; lueiliuiu to choice, $0W.0f; smooth
heavlea. .(;5; rough boa vies, $7-50Q
8.15; plga. JMii8.05.
Cattle Ilerelpta 4, steady. Beat steers, $8.75
tf8.Hr: medium to choice, SqS.SO; common
to medium. $tl. 507.50: beat cows. $77 50;
(ominon to medium cowa. $436.BO; bulla, $4.50
4t .V): calves. $7. 508.50.
Siieeri llei-elpts none, steady. Lamhe, $10Q
lt'..Vj; veariuiKs. !t9.50; ewes, $7.2388.
tenver Hogs t9.75.
Denver. May 22. Cattle Receipts 7000,
simile higher. Reef steers,' $sri; cows and
heifers. $l.. joffS; srockers and feeders, $7.70
ttV4M; ralvea, $10irl2.
lings Recelpta 2400. weak, 5c lower. Top,
$6.1X1; bulk, $0. 554(0.73.
Sheep Receipts none, ateady.
Chicago Hogi $10.05.
Chicago. May 22. (1. N. S.) Hogs Re
celpts 41.000. alow, 10c to 15c under Saturday's
average. Bulk. !.M)aiO; light, $.403945;
mixed, f.t.mxrt 10.05; heavy. $.5Sia05;
rough, $r.55fti 70; pigs. $7.4039.5O.
Cattle Receipt 16,000. firm. Native beef
steera, $S.15f(C10.S0; weam ateers. $8.20i
0.20; atrnkere and fredArs, $638.0O; cows
ami heifers. $4.5Or.60; calves, $8111.29.
She p Receipts 18.000, weak. Wethera, $7.85
Q10; lamba. ti.1012.80; apringa, $11(313.50.
Kansas City Hogs $9.90.
Kansas City. Mo., May 22. (I. N. 8.) Hogs
Ueceinta 1.1.0OO. lower. Unit, ttt HSiIJO R!i-
heavy, $.8ft9.no; packers and butchers. $0.70
nrnt. :'.5)W !; pigs, s.7rtc.Z5.
tattle Kerelnts 10.000. strong. Prime fed
steers. $9.5oe".10: dressed beef steers, $8.25(3
h..v; western steers. i.oiy.7S; stockers
and feelers. I7.25fe8.S5; bulla, $07.75;
calrea. $0.5011.
sneep uerelnta noiai. ateady. Lmbs. glOO
i..:n; yearlings. 'I11.25: wetbera. 8.254
9 bO; ewes, $8419.60.
Omaha Hogs $.$0.
Omaha, May 22. U. N. S.) Hoes Re
ceipts o.ioo, lower. Hilary, e'j.os'J.so; light.
$l5O4t9.70: pigs. $8419.25; hulk. $.B5(?ii9.70.
tattle Keceiut 300O blirher. Native steers.
(io; cows ana netrers. $; western
s tiers. $7.50(39; Texa steers, $7 &S: etock
ers and feeders. $7418.75.
Sheep Recclnta 3.S0O. stendy. Vearllncs. $9
eru: wetners. ss.irxaa.io: iambs. su.35ea
8t. Louis Hogs $10.15.
St. Loula, May 22. (I. N. S.l Hogs Re
ceipts 8500. higher. Plga and lights. $7,750
0.95; mixed and botchers. $9.8543 10 .OS; good
heavy, $10.05tl0.15; bulk 9JU4il0.05.
Cattle Receipts 3800. steady. Native beef
ateers, $7 .504$ 10. uo; yearling steers and hotf
era, $S.504t.75; cows $3.254?8.28: stockers
and feeders, $5.50g8.50; southern steera, $5.7S
4t.S; rows ami helfera, $3.00ftiS.O0; prime
yearlings steers and heifers, $8.754210.25: na
ttre calves, $6.0O4jll; prime southern steera,
$9.O04t9.50.
Sheep Receipts 6000. steady. Wethers, $7.00
eisli.OO; lambs. $10.004112.70; clipped ewes
$.5O4j8.70; clipped lambs, $9.00(311.10;
spring lambs, $lo.O04jl4 00.
per gallon, $3: canned
uoaen; eaatern In abell
OYSTE Ha Ob ui ui a
. ' ., rw'- W ' uumu. riairiil 111 HUPli
$1.86 per 100; raxor clams, 12VjC doaen; east
rn oysters, per gallon, solid pack, 23
i FISH Ureaaed flounders. 7c: ch nook aal
'aton, 12c lb.; perch, 7f8c lb.; lobsters, 25c
..id vulvae, tv , w.iuvu nwui, in.
halibut, 7Vk10c lb.; torn cod, 7c; black base,
TVc in.; shad, arcasen, 7c lb.; sturgeon, 13c
CRABS Large. $1.75; medium, $1.25 doaen
2 UKU 'tierces, kettle reudered. lift
sUndard, 14c. '
Oreosriea,
' UGAR Cube, $9.20; powdered, $3.83: fruit
or berry. 18.45: beet. S.2.: drr araanlated.
$8.45; U yellow, $7.83. (Abonve quotations are
u days net easn.;
i HONEY New, $3.25473.50 per case.
7 KICK Japan atyle. No. 2, 4c; New Or
HALT Coanw. half groamda. lOOa. $10.50 per
too; ova, 911,30; taoie aairy, ova, i.oo; luua.
ajo.no; bales, gzjes; lump rocg, aro per ton
' BEANS Small white. $8.25; large white,
aa.ior pink, $03; umu, $o.i0; bayou.$6.25
as
Hess. Wear and Hides.
HOPS Nominal, buying price, 1915 crop,
choice, lie lb.; prime, 10c; medium to prime,
?9elb.
WOOLr-Nominal. 1810 clip; Willamette val
ley, coarse Cotawold. 854i37c; medium Shrop-
Hog Bun Faila Off Again.
The liberal run of bogs shown at North Port
land last Monday wa not duplicated during
tbe day. Total arrlvala ip the swine divialon
over Sunday were 2789 bead, compared wttn
4920 last Monday, and 2030 a year ago.
General conditions !n the trade were steady.
One car sold early at $9.10, but tbe bulk of
be tops went at $8 85ft 9. 00.
Choice light welgbts, nominal $8.65(89.10
Good light weights.... 8.80(38.90
Medium weights 8.0X8.75
UMigb and heavy 8. 0048.23
Bheep Market la Quiet.
There waa a serious decrease In offerings of
mutton at North, Portland for the week's initial
trading, aa compared with last Monday. Total
receipts were but 535 head, while a week ago
tbey were ZJ4S bead.
Demand for mutton and lamba continue fa
vorable, with prices generally maintained.
General shorn mutton and lamb range:
Select spring lambs $ 9.50
Beat yearlings 8.2S4TS.&0
Good to common wetbera........... 7-604JT.75
Best ewes 6.50
Good to common ewes 5.00(20.25
Monday Livestock Shippers.
Hogs J. A. Kelley, Washington, Idaho, 1
load; O. E. Gorallne, Wallowa, 1 load; Farm-
Meat Market, 1 load, W. B. Hunter, 2
loads: Julius Klmkel. Carroll, Idaho. 1 load;
Grover Bros.. Canyon, Idaho, 1 load, . Farmers'
Society of Equity. 1 load. W. H. Ross, 1 load;
O. Bowker. 1 load: W. M. Iuby, Baker. 1
load; Dodd ft Cole, 1 load; W. M. Cough
anour. Union, 1 load; Bruno Webber, Uma
tilla, 1 load; R. S. Klrkpatrick. 1 load; R. D.
JoUoaon, Union, 1 load, R. Morrla, 1 load;
Joe Mason, Morrow, 1 load; J. II. Rebmen,
Sherman, 1 load, R. B. Hailey, 1 load; G. W.
Geer. Klickitat, Wash., 1 load.
Cattle F. L. Marks. Shasta, Cal., 8 loads.
Maaterson & Peterson, 1 load; Tehama, Cel.,
2 loads; Simpson ft FInnelL 0 loads; W. J.
Goomer, Beaver Head, Mont., B loads; J. L.
Burke. Casla, Idaho, 3 loads, Portland Feeder
Co., 2 loads; Cross ft Klmple, Canyon, Idaho,
load.
Sheep Lydston ft Pickett, Washington,
Idaho, 1 load.
Mixed stuff Frank Wann, Marlon, 1 load
cattle, calves, hogs and -sheep; J. S. Flint,
Lene. 1 load cattle, calves and bogs; O. T.
Troutt, Wallowa, 1 load begs and sheep; R.
N. stanfleld, Umatilla. 8 loads bogs and sheen;
A. H. Porter, Gilliam. 1 load cattle and bogs;
W. B. Kurtz, Wasco, 3 loads cattle, bogs and
aueep.
Monday Morning Bales.
STEERS
DAIRY PRODUCE ON THE COAST
Seattle Market.
Seattle, May 22. Butter Native Wash
lna-ton creamery, brick. 29c:-ditto solid Da.-k
2Sc.
Cheese Oregon triplets, 19c; Wisconsin twins
lc; loung America 22c.
Eggs Select ranch 26c
San Franciaoo Market.
Ksfl Wnrlcn I a 1 Maw- 9 TT T .
Butter Extras, 25c; prime firsts, 24 c; firsts
j"iC.
Eggs Extras 23Hc; firsts. 21Hc; pulleta.
joc.
CbeeseCallforuJa fancy, 12Hc; flrata, 12c,
Los Angeles Market.
Los Angeles, Cal. May 22. (P. N. S.)
Eggs Case count. 23c.
lintter Fresh extras 25c.
POTATOES ALONG THE COAST
Seattle Market.
Seattle, Wash., May 22. tU. P.) OnloW
Oreituu 24i2V.c: Yakima. m.c.
I'otatoea White River, $2S4J30; Yakima
Burbanka, -$34 fa 36; Yakima Gems $34 ((JSC
Ban Franciaoo Market.
San Francisco May 22. (U. P.) Potatoes
Per cental. Delta. $1.004U.35 per hundred
ShlmuK, 11. 40ml. W: Oregon, $1.654flA5
Wash lug ton. Xl.OTVfa, 1.90.
(Jnlfina Alameda, 2MiS2c per pound; Aua
traiiana, -.ovi
New York Cotton Market,
January
March . . ,
May
July .....
August . ,
October . .
lJecember
Open. High. Low. Close
.1325 1328 1316 1325
.1339 1339 1328 1338
.1303 1302 1286 1295
.1310 1310 1291 1305
.1316 1317 1304 1314
.1308 1309 1297 1307
.1322 1324 1310 1321
eaatern Oregon,
Overkck & Cooke Co.
r
, Stocks. Bond. Cotton, arala. Sta.
: SleVSlT SOaVtC Of TdO BtUldtlXXZ.
DIRECT PRIVATE WfRES
TO ALL EXCHANGES
Members Cfatcaco Board of Trade.-
tuorrMpotidene of Ixrsn A Bryan. 1
w Cblcaso, Nnr xork. .
hire, 344J35e; fine, 32SJ33c
l4i:0c. '
HIDES Salted hides (25 nounda and nDl
18c, salted stags (50 lbs. and up), 12c; salted
kip (15 lbs. to 23 lbs.). 17c; salted calf (up to
15 lbs.). 234324c: green bides (25 lbs. and
up). I4sr; srreen stara (no lbs. and un)
10U,c; green kip (15 Ins. to 23 lbs.). 17c; green
calf (up to 15 lbs), $23&24c; dry flint hkles.
2820c: dry flint calf (up to 7 lbs.), 31c; dry
salt Diuea, jm ary norseniaee. eacn, $14x2
aait aoraebidee. eacb, $2.00i30: borsehldcs.
28c; dry long wool pelts, 20c; dry short wool
peiu, iw; ary sneep sneariings, eacn, 10325c
salted sheep shearlings, each. 1523c: rtri
goata. long hair. 18c; dry coata. ahearllnas.
each. tl0l20c; salted kmg wool pelts, $1.00
aj-.oo.
TALLOW No. 1, 8c; No. 2. 7c; grease. 7e.
CHITTIM OR CASCARA BARK Buying
prices, per car lota, 4 He; leas than car lots, 4c.
MOHAIR 1910, 4Ue lb.
Paints aad OAs.
COAL OIL Water white. In drums and Iron
barrels. ioc.
LINSEED OIL Raw. bbls.. 87e gallon; ket
tle boiled, bbls., 89c; raw, case, 92c; boiled,
case. 84c gal.; lots of 250 gallons lo less.
TURPENTINE Tanks. 61e; cases, 6So gal
lon . - .
- WH1TK LEAD Ton lota.. 10 b. 600 ID.
lots. Lie; less lots, 11 e per lb.
OIL WEAL Carload lota, $34; leag tbaa ear
lots, $3V50. .-. ; . . -a... .
GASOLUNE BsaU prlc,. lH par gallo.
..$8.809.00
8.73
.. 8.25g8.40
.. 8.004TS.7.1
., 7.50&8 00
.. 6.0047.00
.. 7.50(88.00
.. 7.a.".47.35
.. 7.50tt7.73
.. 7.0047.23
.. 6..X4i.00
.. 4.f$5.(
.. 2.00412.73
8.00
.. 7.00(270
Canned Milk -Goes
Up 15 Cents Case
War Demand and Domestic Call
Greater Than Condensery In
terests .Anticipate.
There was a further advance of 15e a ease
during the day In the price of leading brand
of canned milk. The advance was expected.
la view of the extraordinary strength la tbe
market recently. The Carnation Milk Products
company waa tbe first to name aa advance
during tbe morning with a rise of 15c on two
of Its brands. i .
Demand for canned milk from Europe eon
tlnuea very strong, and makers are In no posi
tion to nit tbe orders of both foreign and, do
mestic origin. Thla means, therefore, that' un
less all signs fail, a further advance In canned
milk wiU be forced.
Tbe competition for milk and cream la ao
keen and such extreme values axe being paid
for this period of the aeason that tbla alone
la expected to force canned milk blgber.
White there was- s alight showing of easi
ness in the market for cube butter, a till tbe
general butter situation along the coast re
main in a very good position.
DAMAGE TO 1EAJ;
IS
Bears in Control
Of Chicago Wheat
Chicago. May 22. (I. N. 8.) Wheat prices
opened ateady to slightly higher today, but In
the first hour a serious reaction carried ell
claesea about 2c lower. Tbe bears ruled. Over
whelming evidence was displayed to support
tbe contention that crop damage reports have
teen too seriously considered. It was pointed
out by some of the leading experts tbst tbe
American crop la achcduled to be much larger
than forecasted during the paat few months,
Alto, the Australian and Argenine cropa are
said to surpass advance estimates and It Is
gererally conceded that for this reason Ameri
can exports will not be aa large as anticipated.
This, It was srgued by the bears. Indicates
that the United States is to bold a sufficient
supply of grain. If not a surplus, gauging
from present Indications. Trading In tbe
present and deferred options was eonally dis
tributed and the volume aggregated more than
the average markets during the' paat two
weeks. Receipts in the southwest ware large
ana Kansas reported beneficial rains.
Tbe demand for cash stocks cob tinned weak
Practically all the news waa beariah and
commission bouaea were undeniably on the
lower side of tbe market.
Improved conditions for the growing corn and
oata crops, coupled with the depressive ten
dency In wheat, atimulated a movement for
lower price levels. Corn tosses In tbe first
hour averaged slightly more than 1 cent, while
oats declined only fractionally and were in
easier demand. In tbe former grain, a larger
movement to market is expected and this fact
waa readily discounted In today's trading.
Range of Chicago prkes furnished by Over
berk ft Cooke Co.. 216-217 Board of Trade
WHEAT
Open. High. Low. Close.
May Ill 111 107H 1074
July 11214 112H 108-4 108'?
Stpt 112j 112vs lOfla. 109V
CORN
May 74 74 72H 72tf
July 73 73 71 71
Sept 72 72 6t- 60
OATS
May 44 44 43 4.1
July 41 41 40 40
Sept 39 89 88 88
PORK
May 2S B
July 2345 2345 2317 2320
Sept, 2325 2325 2286 22 '5
LARD
May 12R2 V
July' 1290 1290 1277 1277 B
Sept. 1300 1300 12S7 12S7 B
RIBS
May 1275 B
Jnly 12T7 1283 1270 1272 A
Sept, 1290 1290 1277 1277
No.
27 steers .
!7 steers ..
19 ateers ..
2 steera .
4 steers .
17 cows ..
8 cows . .
2 cows
4 cowa . .
3 cows . ,
1 cow . .
1 cow . . .
1 cow
1 cow ..
8 helfera
1 belfer
COWS.
Ave. Lbs.
1070
....1170
.... 8SO
.... 873
.... 933
....1063
1013
1150
1227
1020
1130
820
405
.... 980
HEIFERS.
SPRING LAMBS.
YEARLINGS.
EWES.
HOGS.
..1040
590
BULLS.
1 bull J.T20
1 bull 1060
1 bull 1190
11 lambs
9 yearlings
1 yearling .
52 yearlings
8 ewes
99 hogs
90 hogs
90 hogs
98 hogs
12 bogs
88 hogs
4 bogs
7 bows
71 boga
99 hogs
18 lioga
83 hogs
1 bog
2 bogs ....
1 bog
5 notes ...
2 bogs ...
96 bogs . . .
4 bog ...
4 bogs
1 bog
1 bog .
2 hogs . . .
2 bogs . . .
1 hog
8 hogs . . .
8 bogs . . .
7 bogs . . .
77
73
150
155
126
189
185
160
160
165
175
lio
180
184
135
180
215
2W
835
170
300
305
186
400
, 315
ISo
, 130
, 280
465
, 470
, 140
, 135
. 129
Price.
$8.50
8.50
x 7 .60
7.00
8.23
(8.00
7.rK
7.00
7.00
6.00
6.00
8.50
5.50
4.70
$7.50
6.00
$4.75
4.50
4.23
$9 .SO
$S.03
8.00
7.50
$6.00
$0.10
9.00
9.00
9.00
9.00
0.00
84)5
S.95
8.85
8.95
8.03
8.93
8.60
8.50
8.50
8.50
8.4
8.10
8.10
b.oo
H.DO
8.00
8.10
8.00
7.05
7.50
7.50
7.60
Clackamas School Changes.
Clackamas, Or., May 22. At a re
cent meeting of the board of directors
Miss Lettie Osborn of Sycamore waa
elected principal of the Clackamas
public school, Miss Anna Bachmann
was reelected to the Intermediate de
partment and Miss Win Osborn to the
primary department. Miss Bachmann
has resigned, however, to accept the
principalshlp of the Damascus school
at an increase In salary. D. U. Coch
rane, the present principal at Clacka
mas, has accepted the principalshlp of
the high school and grammar school
at Kings Valley.
San Francisco Grain Market.
San Francisco,
calls:
May 22.
May . .
Dec. .
Spot
Walla.
$1.67
1.82
May 22.
Open. Close.
128B 132A
134B 136A
quotations Wheat,
$1.67H1.70; Red
Barley
May 20
Close,
128B
134
U7ci 11a
Russian
1.70: Turkey rerll. I1.78A0
Feed Bflrlv 11 92Ui'
l.dO((S 1.1V,
White oats. $1.521.5S.
Bran, $26.00 27.00
Middlings. $31.0032.00.
Shorts. 929.00 O 30.00.
Hay Is Saved.
White Salmon, Wash., May 22. When the
Columbia river rose ao rapidly a couple of
weeks ago tbe entire rrop of bay In the large
bottom ranch of John Mvera waa cut. but the
witer Inundated tbe fields before the hay
could be hauled away. Now tbe river has
again receded. . the sua thoroughly cured tbe
bar and many tons of hay which was thought
to oe a total roes, ssvea.
IiTerpool Cash Wheat.
Liverpool, May 22. (I. N. 8.) Wheat Spot
no. i Manitoba, 12a oa; No. 1 northern spring.
izs za: no. js red western waiter, III d
nour, winter patents, 4 is,
Foreign Wheat Markets.
. Liverpool Cash wheat" unchanged.
. jtjuenoa) Aires - . casn wheat ua-
cnanged to c lower. , -
OUTLOOK
POORER
Condon Section Especially Is Hurt
While General Backward Season
Finds Complaint From Growers
of the Entire World.
NORTHWEST GRAIN RECEIPTS."
-Oars-
Portlsnd; Mom.. 3S
lear aco 28
Season to date. .10.101
Year ago 13.878
Tacoma, Sat.... 3
Year ago
Season to date..
Year ago
Seattle. Sat....
Year ago
Season to date. .
Year ago
Wheat Barley. Fir. Oata. Bay.
8
1
1314 1789
1886 1844
8
2
1015
1953
1
504
683
,728
8,903
5
7 5
7,653 1257
7,061 1063
8
3
S029
2254
11
7
2678
1999
5
1 3
86 2288
636 2040
2 22
L8
1010 4150
1198 8343
That wlrs worms have done considerable
dan age to the wheat crop la the Condon sec
tion, la the advice that comes from Edward
A. Beals, local weather official, who is trav
eling through the northwest on a tour of
Inspection of the weather offices.
According to Mr. Beala. the damage la at
tributed entirely to the wire worm aad the
crop prospects are less favorable than bad
been previously reported. From Heppner June
tion to Heppner tba crop is reported la fa
vorable condition.
Special advices received by The Journal In
(Urate general complaints among wheat grow
era regarding the onseaaonable cold weather.
For that reason fears are expreaaed for the
crops.
Similar advices are coming from a!most
eery leading grain producing section In the
morld. Despite this damage news there was a
very weak tone in the Chicago market at the
atart of the day'a trading.
Broomhall cabled from Liverpool that the
wheat market was steady, but dulL Offers
are lighter and arrivals smaller than ex
pected. Spot unchanged," demand poor, cargo
market quiet. Manltobaa end winters on
changed from Saturday. Weather Is. fine, with
nstive offers larger. Plat tea freely offered at
s slight decline. Stocks Increasing slowly as
arrivals are disappointing. Oata price well
maintained. American shipment are all to the
continent.
France The government fixed the minimum
price of oats at 81 francs per kilo to consum
ers. Foreign purchases have been largo. Amer
ica ahlpped 3.244.0OO bushela last week and
further purchases will continue. Tbe daylight
ssving law becomes effective In the grain
uarkets this morning.
rinrTB aaiiin i.i. ea on. wrn
lamette valley, $4.90; local atralrht. $4 60a
COO; bakers' local, $4.805.20: Montana aprlnc
wheat, $6.10; exports. $4.604.70; whole wheat
(;.; granam, $o.4u; rya itour, $5.93 per
barrel.
HAY Buying price: Willamette Taller tlm
othy fanry $20; eaatern Oregon-Idaho fancy
t:mothy, $21(22; alfalfa, $2122; vetch and
oars, sis; ciovet, io.
GRAIN SACKS 1916 nominal No. 1 Calcut
ta. 1313c la carlota; leas amounts are
nigner.
ROLLED OATS-7-$6.506.75 per barrel.
ROLLED BAKLEX $31.50 432. 50 per ton.
With the sharply lower prices at Chicago, tba
local market for wheat was weaker and lower,
On the Portland Merchants Exchange blda for
May wheat were 1V to 2c a bushel below those
of Saturday. A California milling Interest -was
the purchaser of 10,000 bushels May blues tu
at $1.02. which was Saturday's bM, and 5000
bushels at $1.01. which waa a cent off.
May oats bids were weaker, with a further
loss of 25e a ton, while barley waa unchanged,
No sales in either line.
Merchants Exchange May pricea:
WHEAT.
Monday Saturday-
Bid. Ask. Bid. Aak.
100 102 102 103
91 97 93 97
90 94 92 95
90 95 92 97
90 94 92 94
OAT3.
2625 2700 2650 2700
BX-RLEY.
Feed 2700 2950 2700 2900
MILISTUFFS.
Bran 2350 2500 2400 2500
Shorts 2760 2850 2750 8850
Rail Shares Move
Higher in New York
New York. May 22. (L If. S.) Rail storks
featured the court of trading oa the stock
exchange today. Strong financial Interests be
hind the movement - la these issue we're re
ported to have suggested that necessary con
cessions be granted tba anions at tbe general
conference ta Jane. This waa construed as
decidedly bullish inasmuch as It tends to
eliminate one of the most depressive rail fae
tora. Several leaders la that department
opened above last week's eloe aad early gains
were recorded. Canadian Pacific started, at
18S. S points up. and later fluctuated down
1 point. New York Central opened at 107,
Beading 103 and Unioa raonc went to
141, In the first hour.
The steel stocks apparently were not classi
fied with those Securities held to restricted
limits by talk of peace in Europe. Crucible
opened on point tip at 85 and mad further
gains, while Steel common atarted at 83
and played around 86 during the early aeeatog.
In the first hour Spelter went to 89. Smel
ters 100, American Locomotive to 7241, ana
Baldwin to 90. A general sentiment ma
tured toward the close that favored eales oo
the bulges la these locomotive issues. This
feeling was augmented by the announcement
that Baldwin is retrenching on its development
plana on atrength of peace prospects. Of the
spedaltlea, Industrial Alcohol waa most ac
tive In the early market, me price advanced
to 159 and seemed strong. Mexican Petro
leum was wall supported to active trading
around 100. First hour sales amounted to
231,200 shares. '
The market closed strong.
Rang of New York prices furnished by Over-
beck ft Cook Co., 216-217 Board of Trad
bi'lldlng
Deserlntlou
Roy Vance on Bid.
Vancouver, Wash., May 22. Among
those performing at the Hippodrome in
Portland this week is Ray Vance, a
local boy. He is in a song-and-dance
skit, together with his partners. Moss-
man and Miss Gordon, and yesterday
received a storm of applause. Mr.
Vance started bis career in this city,
appearing in the different theatres be re
and later going to San Francisco. He
has appeared in many of the Portland
moving-picture houses.
Blneetem . . .
Fortrfold
Clnb
Red Fife
Red Russian
Feed
Futures were quoted:
WHEAT.
Bid.
June bluestem 98
July bluestem
Jcne fortyfold
July forty fold
June club ....
July club
June red Fife .
July red Fife. .
June Rnsaian .
July Russian. .
June
July oats
FEED OATS.
June
July
June bran. .
July bran ..
June shorts
July shorts
FEED BARLEY.
M1LLSTU FF S.
8
91
91
90
90
90
90
90
90
..2625
..2OO0
..2700
...2800
...2350
A .2350
...2750
. . .2700
Ask.
100
100
95
9.VA
93
93
95
96
94
94
2700
2750
2900
2900
2500
2000
2850
2900
Alaska Gold
Allts Chalmers, c
AUls cnalmers, pi....
American Beet Sugar.
American uan, e
American Can. pf
American Oar Fdy e.
American Cot. Oil. c...
American Linseed, c. .
American Lrneeed, pf . .
American Loco., e
American Smelter, e. .
American Smelter, pf . .
American Sugar, c...
Am. Tel. lei
American Woolen e. .
Anaconda Mining Co. . .
Atchison, c.
Atchison, pf....
Baldwin Loco., e
Baldwin Loco., pf
Baltimore ft Ohio, c.
Bethlehem Steel, c...
Bethlehem Steel, pf
Brooklyn Rapid Traaa.
Canadian Pacific
Central Leathtr c
Chesapeake ft Ohio. . . .
Cht ft G. W., c
0 0. W.. pf
C, IS. A St. P
ChL ft N. W.. c
Ctino Copper
Colorado r . ft I., e..
Consolidated Gas
Corn Products, c
Crucible Steel, e
Crucible Steel, pf
Denver ft K. y., e....
Denver ft B. G., pf. ...
Pistlllers
Eri, c. ..a.
Erie, let pf
General Electric
Goodrich Rubber
G. Northern Ore Lends
O. Northern, pf
Greene-Cananea
Ice Securities.
Illinois Central
Industrial Alcohol....
Icsplratkm -
Inte. Harvester.. ...
IcterBoro, e.
Kansas City South., e
Lackawanna Steel. . . .
Lehigh Valley
Loultvllle Nashville.
Mexican Petroleum. . .
Miami Copper
M. K. ft T., e
Kennerott Copper
Missouri Pacific
National Biscuit
National Lead
Nevada Cons
New Haven
New York Air Brake.
New York Central....
N. Y.. Ont. ft W
Norfolk ft W.. c
Northern Pacific
Pacific Mall
Pennaylvanla By
People's Gas
Pittsburg Coal, c
PItttburg Coal, pfd...
Pressed Steel Car, c...
Ray Cons. Copper
Railway Steel Springs.
Reading, c
Reading, 1st pfd
Reading, 2d pfd
Repeblic I. ft 8., e....
Republic I. ft 3., pfd..
Rock Island
Shattuck
fStudebaker. c
Studebaker, pfd
Pk. Sheffield
Southern Pacific
Sourhem Ry., c.......
Southern Ry., pfd
Tenn. Copper .........
Texas OH
Texas Pacific
Third Avenua.
Uulon Pacific, c
Union Pacific, pfd
U. S. Bobber, c
U. S. Rubber, pfd
U. S. Steel Co., ....
U. S. Steel Co., pfd..
Utah Copper
W. 0. Telegraph
Wettinghouse Electric
Wisconsin Central....
Woolworth
Ongn ' Hih I Low fCloeo
22
28
61 61 61
2 93 02
8714
183
54
63
3S
130
54
43'A
1374
19V4
lib
27
51
40
55
173
T
41
122
104
157
46.
113
18
27
71
81
100
66
6
88
1X2 V
64
64
S8
100
1.10 Si
64 H MM
44
141
19
'
115
29
62
40
65
173
70
41
123
48
105
159
40
113
71
83
109
66
7
57 v.
102
27 M,
103
23
40
103
49
67'.
68
135
107
28
67
17
6a '4
134
107
27
15
Finance- Commerce -Industr;
Secretary McAdoo WIU Review Protest of Investment Bankers
Against Charging Income Tax to Foreign Investors in American
Securities Immigration a Phase of Labor Problem. .
126126
113ft 114
58
103 T
28 Vi
103
23
40Vi
109
49
48 48 48
1
82
138
10S
55
loo
23
67
46
193
1214
62
140
82
55
85
llf
81
03
Oil
19
32
139
108
100
Z4
67
46
193
63
57
102
28
103
23
40
103
48
1S7
H3
55
loot
23
67
46
193
12 V.
62
Sortary XoAOoe to Bvlw Fro-
test of ZBVMtxaant Beakers -inquiry
mad by th Oregon Journal's Wash
ington correspondent as to the petition
of th Investment Bankers' association
of th United States that oo Income
tax bo collected from th Interest on
Investments in th dome tic aeouri-
tos of this com try which aro held
by forignrs, elicits th Information L
that the entire matter has been put up
to Secretary of the Treasury McAdoo
for review. Tba Journal's correspond
ent adds: : "Th question of collection
of Income tax on bonds held by foreign
ers appears to bo one on which law
yers disagree, and the internal revenu
department perhaps is stirred to bold
lta ground- because of felicg that in
these days of increasing expense It
should not voluntarily let go of any
source that promises productive rev
enue. The statement that the Invest
ment Bankers' association was refused
a hearing is evidently a mistake. The
record in Assistant Secretary Mal
buxn's office shows that at a hearing
held on April 18 tbt association was
represented by its counsel, C R. Reed,
and Mr. Bead presented a lengthy
statement In Its behalf.
Xzamtrratloa Xrow Bat Xncresin"
The total immigration into the United
States for tbe first three months of
th present year Is 69,619, which com-
pares with the normal immigration of
180,000 for th corresponding periods
of 1S12, 191S and 1914. To this fact
is due much of the shortag of un
skilled labor.
Tsw Bedlsootuits 'With rdral Xe
servo Benlu Th latest statement of
the condition of the Twelfth district
federal reserve bank at San Francisco
shows total rediscounts of commercial
paper of $429,000. Of this amount the
Portland banks hav S77CS. This is
not evidence of a lack of cooperation
on the part of tbe national banks of
the city and the federal reserve bank.
It indicates that each Institution is
still able to carry all of th business
offered to it without aid from the
federal reserve batik. The practice of
taking acceptances from their custom
ers is certainly growing with th Port
land banks.
Tim Deposits Grow Over Three sCU
lloa Dollars im Yea. According to th
statement prepared by Superintendent
of Banks S. G. Sargent, tho time de
posits of th Portland banks increased,
loathe year between May 1, 1915, and
May 1. 1916, 13,853,000. The total now
Is II4.7S8.861. Of these, 16,873,258 are
time deposits, or deposits which ar
left with the banks for definite periods
varying from 6 months to one year,
and on which some banks now pay S
per cent for 6 months and 4 per cent
for on year deposits. There aro also
$17,868,608 of strictly savings deposits,
or those which are by common parctlce
paid on demand by tbe banks, but on
which the banks have the right to re
quire a notice of 30 days. All these
deposits will br affected by the rule
ofth clearing house that interest on
saving, deposits shall be but 3 per cnt,
and on time certificates, 3 per for
yearly deposits and 3 per cent for 6
months deposits. Che new rule becomes
effective July 1. It is necessary for
the banks to give 30 days' notice to
their depositors of their intention to
dc so. Tbe notice la in courts of pi
pa ration and will be Issued within t:
next few days to th depositors
those banks to which the new rule v
apply. ,
Bnslneis Tallores Lown Than X.a
Year. The, report of R. O. Dun .
Co on the business failures for t!
weeK enaea May i, xor n umu
States was 348. For tbo week in
mediately preceding tho number wn
335. and for the Week of May 20, 191
th number was 430. Tbo aumber c
failures in th Pacific coast tsrritor
for the week ended May 11 was 4
fot the week Immediately procedlc
4 1 and 45 for the corresponding we-
of 1915.
Preparing British Held, Bonds ' fc
Shipment. Th Prudential Assurant
company of London offered last sun
mer to place all lu Americas secu
ities at th disposal of tho BTltu
government The bonds, when sent t
the Bank of England, made up !
motor-omnibus loada Tbs compan
bad detached tbs coupon shets fro:
th bonds in order to facilitate casbln;
and the adhesive paper used to rsaffl
th coupons whan th tonds wX sei
to the Bank of England measured we
over eight miles. More that, i 4,00
bonds, of a nominal value of eve
8,750,000 were dealt with by a staf
of 100 within 48 houra. When all wa
finished the Bank of England foun
everything in order except that a sir
gle coupon of th value of only a lev
shillings had In some unexplained man
ner vanished. The bonds, guarded b
a squad of soldiers, rare taken to i
particular ship, the destination c
which was kept secret, and arrive
safely in New York. -: I
rederel Bessrv Banks Show lotfg
Growth for Week Increases 7 ii,
practically every item is shown in th'
statement of th operations of tM
Federal reserve banks for tbs we
ended May 19 compared with tba wee)
of May 12. The principal lnorsas
of course, concerns net deposits o
member banks. Due to tbs paymsn'
by member banks of an additions
staar of their reserve this item show:
an increase of more than St mlllloi
dollars over the preceding week. Bv
the same ?mparlaon the total goh
reserve increased 14 million dollar-,
rediscounts, 2 million dollars; mu
niclpal warrants,. 4 million dollars; t
tal earning resources, 7 million dol
lars; government deposits, 2 millior
dollars; total resources, 87 million dol
lars. The gold; reserve against ne
deposit and note liabilities is reduce
rrom 68.1 to 66.4 per cent.
The principal items in the atatemsn
are as follows: :'
Total gold reserve 1339,608,00
82 M 32?
87W38
rios
142140
185 13!I 184
82
64
85
116
80
94
02
54 "A
100
23
07
43
198
121A
62
142
826,
54
100
85
116
80
94
62
39
184
Total sales. 873.900 shares.
BANK STATEMENTS OP COAST
Clearings
Monday
Clearings .
Balances . .
Clearings ..
Balances . .
Clearings .
Clearings ..
Portland Banks.
Thla week. Year age.
$2,478,207.02 $ 1,40,769.80
Seattle Banks.
$ 2,434.116 00
213,194.00
Taooma
f 871.216.00
43,631.00
Baa Franoisce Banks,
(10.630,647.00
Loa Angeles Banks,
I 4,846,406.00
Som Grain Damage.
Harriman, Or., Mays. 23. The big
rreese nas aone out little damage In
Harney county. Some aorinar barley
and oata were hit but wheat and rye
were damaged but little. One and
one-half Inches of rain has just fal
len over the whole county and what
grain was irozen can now do reseeaea
and as there is an abundance of mois
ture, Harney county expects a record
crop of grain and hay. What little
iruit is grown her was badly frozen.
London Hop Market.
liondon, May 22. Hops, Pacific
coast. f4 l&sIS 15a.
Total rediscounts
United States bonds
One year United -States
treasury noten
Municipal warrants
Total earning assets
Capital paid in
Government deposits
Reserve deposits, net
Total resources
71.695.00
l.&37,00
S,I40,00r'
44,182.00
172,l4,-00
64,; 0,00
40.475,00' 463.922,00'
6(8.171,001
PORTLAND FIRE RECORD !
No fires.
No fires.
Sunday.
Monday.
FMfl
Both educationally and socially tn
rural population would receive ' the
greatest benefit from road improve
ment, but no class of our citizens can
Improve themselves financially, so
cially, educationally or religiously
without indirectly benefitting everv
other class of our citizens. This is
doubly true of the farmer. As th
farmer is prosperous so prospers tn
entire country, and nothing so tends
to bis prosperity as roads bard sur
faced with
BITULITHIC
Warren Brothers Company, I' .
Journal Bldg Portland, Or. : j
Something new and wonderful for Rose!
Festival Week Dedication of Colum
bia Highway. June 7. ,
lilBllinill I mail WHIIIIIUmTmrn irr'WSuail.l'Ji-l .. aaawamwasisssiiaaj hull it i.iii.uiaiii)sjsjisw miasn iimanm. i i . i , ... ijJtL - . .
" ' 1 ll ' 'I' Tl V -- wi ..1J'Wai. " - ' --, ev . . .. -mjiZH-i-.4 s-SjffiCf "
Seattle UinioiE Stock Yards
Whea writing or calling oa advertisers.
Btenaoyj.ne journal.
CAPACITY 150 CARS PER DAY
BEST MARKET IN THE NORTHWEST
OUTLET FOR .ALASKA AND THE GREAT ORIENT (
Prices ihe to 25c higher than any other market on the Pacific Coast, because it U the only yard in the United States not controlled by the
trtxsts, it is clearly to your interest to patronize true competition. y . .