-THE OREGON PAILY JOURNAL, PORTLAND, " TUESDAY, I MAY 23, 1910.
YAKIMA IS CHEAPEST; WOOL MARKET IN -THE ENTIRE WORLD
Edited by
Hyman H. Cohen
STRAWBERRY PRICE IS
CUT SHARPLY III .THE
iT STREET TRADE
m
Market Down to $2.75 to $3.00
Crate lor Rest Ixcal-Falrly
Liberal Increase in Marketing
"'sfor Day Sweet Fruit Absent.
jocai . ii yy ic-i i - .-.
dorlug th day. While email receipt have
bean abowa alone the wholeeal " way for
' torn day, atlll tb volume of home arrival
ba been onmparstlvely limited, and for that
res son tb highest average prices known bav
ruled ber. aa well aa at otbar I'aclilc north
Ht markets.
Dinting the (lay with Increased offerings of
Wlllitimette valley berries, there waa the first
sl.srp cut In prices for tha season to date.
Bale of best offering, were mado around $3
a crate wlilli lomt of the good stork ruled
aroiind $2.75.
Tli eiircuie price which bay ruled of lafe
In tbe strawberry market wer the renult of
fan'lMhed offering. The berrle generally
Were eoiir and really unfit for use, fiut the
;ubllit' apiietite bad to be satisfied. It
did not tak many orate to fill tlila Blub
priced taat and th moment that arrival
Unn to abow tip In earnest, down went the
market. General anticipation are for price
recline from day to day.
Manipulation Look
In'Mohair Trading
Too Sudden Slashing of Price Not
Really Due to Current Sup
ply and Demand.
That there baa been, extreme manipulation
of tb mohair 'market here during the. prea
Dt eaon and that a deliberate attempt la
being made to force holder to market their
product Immediately, la ahown by the way
ome of the leading dealer are quoting tb
product.
It baa only been a thort time ago that the
market for mohair wa aafely ruling around
COc a pound; in . fact, ome a!ea war made
beyond that price. Then all of I sudden
it wa decided that grower who held 'their
product should b pnnlabed. On local dealer
announced that beginning a few daya later
b won Id cut the quotation to 45c, week
later be would put It to 40c and atlll week
later the price would be dropped to 3Se
pound.
Such Tlolent reduction In th price, puh-
llcally announced, week In advance of the
time for their occurrence, Indicate pare ma
oitmlatlon.
While there are many doubt that mohair
tin ever worth better tbau 60c a pound thi
terton, the fact that thera wa an anztoua
demand for the product at that price made the
market. The ua of mohair ha not been eur
titlled atnee the extreme price were made,
therefore It mohair wa worth 60c a pound a
few week ago. goat owner figure that H
l'ould at least be worth that price now. In
th meantime thorn moat anxloua to force
the marketing of tb product bay reduced
their quotation to Sue.
POTATOES ALONG THE OOAST
1X30 MARKKT IS A MYSTERY
While the market for ejrgs la firmer In spots
and candled a toe It I selling aa blah a 24c
dozen. In oni respect tbe trad 1 rather
low,; and dragging. Old storag operation
fcere Ind in the north fair.
SALMON CONTINUES SCARCE
Great scarcity of fresh aulmon continues in
Ifte local marsei and pricea are neio nrm ano
high. Catches In both the Willamette sfnd
Columbia remain email with little gear being
operated.
CANNED MII;K FIRMER HERE
Several condenaary com pan lea hare followed
the lead of the Carnation Milk Products cora-
?any In forcing a 16c advance in the price,
he entire market la firmer aa a reeult.
BL'TTEH IS CLEANING UP
llarkst Cor hotter I holding rather steady
tlthoimh here and there are reporta of a alow
er demand fr cube. Onerally speaking, the
market I cleaning up well with former pricea
wall maintained. '
POTATOES SPROUT RADLY
.Potatoes are aprontlng haiHy and H I Very
difficult to secure flrat class old crop rock
In the local market at thla time. New crop
California la holding eteady at 3",J 3'.iC a
pound.
BRIEF NOTES OF THE TRADE
Country killed calvea steady at recent Hd
vancei. -Dressed hogs are steady to firm.
Little activity showing In cheese.
California cberrle in heavier supply at 10
14e a pound.
Chicken re teady at the lower price.
SHIPPERS' VEATHER NOTICE
Weather bureau advises: Protect shipment
during the next 48 hours as far north as Se
attle (galnit mlnlmnm temperatures of about
88 Jlesrree: northeast to Sjmkane. :!2 deitrees;
TKANSPORTATIOX
SanFrancisco
Los Angeles
(Without Change En Route)
The Big $16
Clean, 914
Comfortable, $13
'Elegantly Appointed 9 7
BEA-OOINO STEAMSHIP
ROSE CITY
Sails Trom Alngworth Book
3 P. M.. May 24.
100 Golden Miles on
Columbia River,
All Bates Include
Bertha and Meals
Table and Service
Unexcelled.
The San Traaoisco fc Portland . .
Co Third and, Washington Streets
(with O-W. B. ft N. Co.) Tel. Broad
way 4500, A-6121.
Ban Francises Market.
Per cental. Deltas', ex-wharf, ordinary, tiff
1.35 r hundred, with No. 2 atock. BOiadOc:
do. sLlmaa, $1. 4001.00: Oregon faooy, $1.65$)
1.85; Idaho Getua. $2; Washington Netted
nems. l.t'tl.!v; new crop. Delta, sz.zcg
2.7.' wr hundred: Gamete. 12.60.
Uujona Per cental. Auetrallana, $2,004(3;
new crop. Crystal White, $1.25 per crate;
Stockton red. 91.ftOtl.63.
Seattle Market.
Seattle, May 23. (U. P.) Onion Oregon,
zmc: xaainia, iuc.
Potatoes White River, $2(1(330: Taklm
Burbauks, 3438; Yakima Gems, $3486.
DAIRY PRODUCE ON THE COAST
M. B.) :
NHv
do. aolld
I Angeles. May 28. P
VKne count, Zdc.
Butter Fresh, extra, 25o.
BeatU Market
Seattle. May 23. (U. P.) Btitti
Washington creamery, brick, 29c;
pack. 2Sc.
Ci.eeae Oregon triplets, ITc; Wieconetn trip
lets, tile; Wisconsin twins, 19ct Young Amer-
ia. x-c.
EKgs Select ranch. EOc.
San Franoiaoo Market.
San Francisco. May 23. (U. P.) Botter
Extria, 23cc; prime firsts, 24 ftc; flrsta, 4c
t.gg Kxtrus, 24c; firsts, 22c; pullets,
22c i'er dozen.
Cuecse California fancy, 13c; firsts, 12ViC
Clilcago Produce Market.
Chicago, May 22. (I. H. S.) Butter firm
cggN unchtinged.
Kutter Kecel)ts 13.717 tubs; creamery ex
tras. 8V'jC; extra firsts, 20c; firsts, 2)(828ViC;
seconds. ati'etllA-ic; dulrles. extra. 2!c;
firsts, 2T''(l7V,c; seconds, 2li(f28,o; packing
stck, 2'n4e.
Kggs itereipts. 21.S24 cases; first. 21U
"I'-itv; ordinnry firsts, 2lKfi 204 ; mlcellne
ous lots, iM(f(21Vjc; extras, -t 25c.
HttP
Ll
0 ES
ARE
SEVERE IN THE WEST;
WEATHER TOO COLD
Shorn Stock Suffers From Unsea
sonable Weather Wool Marketa
Are Firm in East and West and
in Europe Trade la Good.
Severe losses to lambs a a raanlt of re
cent ahaarlng and extreme cold weather, are
reported at several of tbe leading northwest
centers.
8hearlng operations are still being carried
oc in a limited way In the Interior and the
outlook la tor a much amaller clip than Crst
anticipated.
The market for wool is showing s fairly
active tone in the Pacirie northwest states
with practically noerccent change in quota
tions. Business In tbe Yakima section is atlll
being done below the parity of other Americas
centers and thi I keeping the other markets
Hem snowing climbing value.
Eastern mill interests continue aggressive
bidders for wool and full pricea are being
paid In all section of th west with the pos
sible exception of Yakima, where tbe aheep In
terests are Inclined to favor buyer.
ESetern wool market are ahowlng atrengtb
with well maintained prices. Foreign marketa
remain firm at full pricea. This ia one of the
chief alda towards maintaining full atrength
in tn united, state.
southeast 40 Boise, 80 degrees; south to Ash
land, 4 degrees. Minimum temperature at
Portland tonight about 'M degrees.
Shorts CovBr When
Wheat First Dips
Chicago, May 28 (I. JT. 8.) During the
flrat hour trading In tbe pit today. May
and July wheat prices declined mora than lc
under yesterday'a closing range and then re
covered to I1.07H and ll.OSVa, respectively.
Thla rally waa fully expected by the trade
and consequently wa without marked Influ
ence. Short covering waa on a heavy scale,
September values were steadier from an ooen-
lng at (l.OSTk. and slight gains were posted
at first. Foreign markets continued to re
flect to soma extent th decline which has
been effected here. General opinion had it
that the present situation la one dne to sup
ply overshadowing demand. The new failed
to. bring forth any new development in re
elect to crop report.
Corn followed tbe trend of wheat dnrlng
the early session and reacted, bnt later recov.
ered above the opening levels. Trading wa
only normal and for the moat part --unlnter-
es Uns
eats were dull. Initial prices were frac
tionally nnder and the general trend did not
indicate a resumption of bullish activities.
- Provision ware Weak and lower, being in
flt-enced. by decline in tbe grain and bog
Ttorkets. Selling wa largely In the way of
liquidation, each trade waa reported a fair,
with supply mostly from aborts.
Range of Chicago prices furnished by Over
beck a Cooke Co., 218-217 Board of Trade
building: w
Portland-Seattle
Would Hit Growers
Local Exchange Follows Paget
Sound in Trying to Stop Bulk
Grain System.
LIYZRPOOL WHEAT BXTJMPfl
livemool. May 2& Cash wheat 1 to U
lower.
NORTHWEST GRAIN RECEIPTS
-Crs-
Pcrtland. Tuee. 13
Year ago 16
Season to date.. 10, 114
Year age 15.8IW
Tacoma, Mon... 38
Year ago 1
Seuson to date. 6,767
Year ago. ...... 8,90tl
stue agon.... ai
Year ago 9
7.S70
Wneat. Barley. Fir. Oata. Hay.
S . 1 .... 1
1614 1TO2 1018 2S7
186U 115 1963 2000
T 14
....
604 .... STB ST02
6S3 646 2040
0 6 15
3 6 14
1237 J035 1021 4166
1068 22M 11U0 8547
year ago...
That th Portland grain trad Is willing to
f r How tb lead of lta Seattle brethren In
h ttlng the grain grower who would throw
on the yoke of excessive gram Dag prices, u
Indicated by th resolution passed at tbe
special meeting of the Portland Merchants Ex
change association.
While tbere 1 growing agitation in tne in
ferior of Oregon, Idaho and Washington for
the bulk system of handling grain, the grain
bade through its exchange at Seattle and
Portland, "-la endeavoring to delay aa much
at possible the elimination of the costly
acck.
The grain sack has bees used by growers
of the Pacific northwest since pioneer days
a a heavy cost,
VALLEY-SHEEP ARE
SHOWING VERY GOOD
"Reaction Tuesday" '
Does Not Appear
CALL IN THE YARD,:
New Tori, May 23-(I. N. S.) Jocose trad- !
ers In Wall street ealiea this "Resctios mes
day" and endesTvored to create a corrnpondlng
influence. Sentiment In this respect was
directed chiefly at the rails, but without ef
fect during tbe greater portion of tbe session.
Opinion seemed equally divided a to pur
chases and , aales in thi department, from
board Indications it was apparent that a g)d
sized party of optimists was supporting these
slocks. In the first hour Onion Pacific hit
a kl-1. 1. 1 I. , 1 A m 1 Jin
i avw uiu ice otuc . w.u - - ,
1 - ' ,k. UOtl lnhlu.n
Baltimore ft Ohio, New York Central, Read
ing and Southern Pncifle were tbe leaders In
Finance- Commerce '- Industry
National Rankers All Over Country Are Aroused Over Radical
Changes to Come From Collection of C hecks by Federal Re
serve Banks Group Two Meeting at Independence. -, . '
North Portland Run Shows Only a ' v7' M.Vket KDd JfVf. ,pcn?7!w,"..t;
tention. It wa predicted that a profit-taking
Fair Supply and General Trade movement would b inaugurated today, wits
Considered Steady Other Line
Shoeing No Changes.
PORTLAND LIVESTOCK RUN
Hogs. "Cattle. Calve. Sheep.
Tuesdsy 373 " 8
Monday 1,781) 605
Saturday 262 32
Friday 881 61
Thursday 223 02
Wednesday .... 4H1 64
Week ago 444 111
Year ago 120 382
Two year ago., 671 13
Three year ago 102 lid
20
11
0
13
3
7!W
Mo
4(13
135
14
501
1C4S
Tbere was s fair marketing of sheep ha the
North Portland yards for the day, with prac
tically all arrivala In that line from the
Willamette valley.
In general the mutton and lamb trade con
tinue steady with former value maintained.
General shorn mutton and lamb range:
Select spring lambs $ 0.50
Beat yearling..
8 .28128.50
while practically all tbe Good to common wethera tM&l.'i
subsequent lowering of price, but taken aa s
whole and compered with tome markets of the
past few weeks. It could hardly be said that
promoter of such s movement succeeded ap
preciably. Rail earnings are figured to show
some surprises.
Gae stocks were bulled in pool channels and
a movement is looked for by reliable Inter
ests. - Some cloe observer of market condi
tion were inclined to favor restricted opera
tions in the rails for a short timet contending
that while the leaden are relatively cheap,
it la evident that the market has reached a
point from which a substantial reaction may
1421 occur.
1318 ' The industrials were about iteady during
the early secsion of today'a can, anawaaing
was normal. The, steel and copper stocks were
practically featureless.
Marine preferred hsd s rundown to heavy
sales from an opening at 1H to 83 in the
first hour. Mexican Petroleum reflected the
stationary state of affalni In Mexico by hold
In s generally ateady position around 108 to
100. The total sales during tbe opening hour
were 273,700 shares.
JORRIXG PRICES OP PORTLAND
piPALMESthtrVirjflf
Portland JZO.OO
to and pKEB
an Francisco $17.50) eztbas
(80 Hours)
rouxlgt. $15 and 913.60; 3rd class, $8.
SlVAL.a AiU tJU-rt 1 tX lINtL,UU4i:U
I IS. Northern Pacific
Fteamer Express leaves North Bank
ptatlon 9 a. M.
VaiAY 18. 83, 37.
rorn San Francisco May 20. 25, 80
failings Dotn ways Tuesdays, Thurs-
lays, saturaays. beKinning June l.
Fhroueh sleeninsr car eervica between
Kiavei and Vancouver. B. C, and Se-
tttia beginning June 1.
ICrET OFFICE. 6TB AHD ST ABB.
Phones Broadway 20. A-6671.
Alaska
Ketchikan. Wrangell,
Petersburg;. Juneau,
Douglas, H ainos,
Ekagway, Noma and
St Michael.
California
rvia Seattle or Han rraaoiaco to Los
I i Angls and Baa Diaffo.
Ldfgs, ooraioodiiins passenger steamertt low
irate, including oertu ana meals.
Full particulars apply or telephone
Ttokst Offlo.
aik, Main 339.
849 Waahlnrtoxt St.
Home, A-2293.
! ' Loo Angela and Sea Diego
iTEAMSHIPSYALE AND HARVARD
Kallrosd or auy ieauier to San Fraoclaco,
e UanoaitloD City. Lareest. fastest and th
SLY , strictly flrat-class pasavngar ahlpa oa
a Coast, average sueed )ta miJas an hoot.
bst t'J.000,000 each.
AS rXAaCIBCQ, rDSTUITD a
I X.OB AJIOBUa B. B. CO.
Frank Bollaaa. Agaat.
124 Third 8t-Main 20, A-tOM
With D.A B.4. B.L
Dalles -Columbia Line
I Opsratiaff
'.. I M T-.-1 I T ! r:i'.
usttr.ti a cava auu a niu basics
ortland to Upper Columbia and Snalt
vsr pomta i.v Portland about every
" lour daya
job nrroBUATxojr cAti. tatx.ob
wt pock. MAfg 913. Avma.
H M VAViiV, rfJ U A A a1
I j I I ajd- a a wm snw ia aa. 11
-rw TSSwaes a e -i
lAlZJ DIRECT Swat
SAN FRANCISCO
LOS ANGELES SAN DIEGO
m Tharsday, Kay fid, 3:30 p. m.
rraacisoo, , i-errlana a Los Anaale
Staamshie Ce. Traak BoUaaa, Agant.
U4 TKI&D STKSET. -A-46& KaJa SsT
These prices are those st which wholesalers
sell to retailer, except aa otherwise stated:
Dairy Produce.
15 L'TTEB Prints, extras. 2Uc; prime, firsts,
2Tc; - firsts, 2ec; cubes, extras, 274228c;
prime firsts, 25c; firsts, 24(j24ttc par lb.;
dairy, 10&20c.
ii i V'i L-1 i' . -r" i ... i . - -
sour cream, 27c; No. 2, 25e.
fcuus selling price by dealers unsettled.
delivery extra: Selected fresh, 24c doc.; case
count, buying price, Oregon ranch, 22'7t22Ve.
LIVE roti.THY Hens, heavy. Plymouth
Rock, 16c; ordinary cblckenB, lttc per lb.:
(tag. 12c: broilers, .T0W3&C; turke, )HQ'2ic;
nressed, fancy, 20(H27c; culls, 1720c; pig
eons, $1.00(yil.25: SQiiabs, $1.20 doxen; geeae,
live, lMlUc: l'ektn ducks, old, lbc lb.; young
snd heavy, 17c: Indian lCunnera, 14c lb.
CHKKiSE Selling price: Fresh Oregon fancy
fill' cream twins aud triplets luU'ic lb.;
Young America, 17(17;. Price to Jobbers:
Pluts, 15c; Young America, 16c, f. o, h.;
cream brick, 22c; iluiherger. 2iic; Wisconsin
wheel, a4ii30c; block Swiss. 30c.
Fruit and .egetables,
FRKSH PKUITS OrangoB. fancy navel
$2.4X1(3.25; bananas, 6c lb.; lemons, $3.00(v
4.25 Lkx; grsuefruit. Florid. $4.6U(a5.2fi case;
pineapples, O'sditie lb.; pears, $1.102.00.
BKHUIE8 Struwberrle, Oregon, $2.60a;
gcjfcherries 4c lb.
APPLE.S Local, 60c1.60 per box accord
ing to qnulity.
ONIONS No. 1, $1.73 ''per cental; No. 2,
$1.231.50; garlic, Ufeic; new onions, $1.75
412.00 crate.
POTATOES Selling price: Local, $1.05
1.73; buying price, $1.2Ti1.35 per cental;
new California. 8Via3V&c lb.
VKOKTABLEH Turnips. $2 Back; carrots,
$2 per sack; parsnips, $1.00 sack; cabbage,
$3.00 per cwt.; green onions, 25c dozen
bunches; peppers, Florida, 25o doren; head
itivuce, lyttiuoruia, i..uo per crate; celery.
Florida, $3.50; cauliflower, local, $1.001.13
per uozen; r reni n arucnoaes, T5C; aspara
gus, local $1.25((il.40 doseo bunches; bot
hocse cucumbers. $1.00 1.2."i dosen; tomatoes,
Klortda, $4; Mexican, 2.0O2.30; egg plant,
20c lb.; sprouts, 0c; spinach, $1 per box;
rhubarb, l(&2c per. lb.; peas, 8&10c lb.
Meats, Fish and Provisions.
ERESSED MEATS Selling price: Country
kiiivu iiAjv uv, iiiixiic; poor, uqfiuc ID.;
iatcy veaia, iiaiic; orainary, urloc; goats,
36c lb; sprite lambs, 17c lb.; mutton,
10c lb.
HAMS, BACON. UTTC. Hams, 19a22e lb.;
breakfast bacou, 17.'10c lb.; boiled ' bams.
ooc iu.; picnic, ide; couuge rou, lO'c; Ore
gon exports, loiiac per lb.
OYSTEUS Olympla, per gallon. $3: canned
fftatsrn. 65c can. SU.50 dozen: eastern in iin
$i.S3 per 100; raaor clams, 120 doaen; east
ern oysters, per gauon, soua pack. $3.
FISH Dressed flounders, 7c: cblnook sal
iron, 12c lb.; perch, 7&SC lb.; lobsters, 25c;
silver smeis, oc; salmon trout, 12Hc lb.:
uauuui, inwiw iu., iuui cua, jc; Diacs Dasa,
i Vic in., suau, urespea, (c in.; sturgeon, 13c.
CKABS Lrge. $1.75; medium, fl.23 dosen
LAKU Tierce, kettle rendered, Hct
Oroosrles.
SUGAR Cube, $9.20; powdered, $8.9B; fruit
or berry, $8.40; beet, $8.25; dry granulated,
$8.45; U yellow, $7.85. (Abouve quotations are
anya net casn.j
HON BY New, $3.253.50 per case.
KICK Japan style. No. 2, 44c; New Or
leans, oeaa, okwvw, blue rose. B'r.
SALT Coarse, half ground. 100s, $10.80 oer
. Ul. OA. ..lit. .1.1 r, aZ. . '
i mi i wvo, ,ii i muuj, uui, io.uo; luua.
i u . -ii , unit;, .ui lump roca, ao per ton.
BICAN8 Small white. S8.25: lu whlta
$8.10: pink, $0.25; llinaa. $5.75; bayou. $ti.25:
ICU, fUiUV,
Eopa, Wool and Bide.
HOPS Nominal, buying price. 1913 crop,
choice, 11c lb.; prime, 10c; medium to prime.
7Si9e lb.
WOOlr-Nominal, 1810 clip; Willamette vsl-
ley. coarse Cotswold, 85a37c; medium Shrop-
uiiei oiiifiwv, iwt aMKi vasiera ureaau.
120C.
11 IDES Salted hides (2B noands and nnl
18c: Baited stags (50 lbs: and on). 12c: aaltnt
kip (IB lb, to 25 lb.). ITc; salted calfSup to
" iua.;. -oic, Kreen mass 4o lbs. and
up). 14ttc; green stags (60 lbs. and np).
10Hc; green kin (15 lbs. to 26 lb.), 17c; green
calf (up to 13 lbs), $23324c; dry flint hides
2S(tf2ic; dry flint ealf (up to T lb.), 81c; dry
salt bides, 23c; dry horsehidee. each, tlfifl-
salt horsehidee, each. I2.00fa3.fl0: borsehidna
2c; dry long wool pelts. 20c; dry short Wool
pens, ic; ury soeep auearunga, each, 10Q23c-
seiied sneep snearnngs, each, 1825c: dry
goats, long hair. ISc; dry aoata. ahaarlinsa
each, 1020c; sslted long wool pelts, $io
J.UO.
TALI.OW No. 1. 6c: No. 2. 7c: ... i
CH1TTIM OR CASCARA BARK Buy lag
prices, per car lots, 4Hc; less than car lots, 4
isunaia xviu, aov to.
Paints and Oils.
COAX, OIL Water white, la drama and Iron
Barrels, joe. '
UNSEED OIL Raw, bbla., 87c gallon: ket
tie Douea, nu., Bsc: raw, case, 62c; boiled.
wi j ur -yu sauoos ic less,
TURPENTINE Tanks, 61c; cases, 6Sc -al
nu.
WniTE LEAD Ton lots, 10s lb.! 600 lb
lot sr lie: less lots. HWe ner IhT "
OIL MRAXe-OarJomd lots. $34: less than car
iota, oa.ou. .
eASOLISE Bails price. 19 J4e peg gaUoo,
WHEAT.
Open. lllgh. Low. Close's
May 100 108 Hal 107Il
July lOSVi Ur& 1Vt 109HU
September ... 106 110, 10SV 109
CORN.
May 72 734 714 73
July 71H T2 70H 71iA
September ... 09 704 09 7oB
OATS.
May 42 43t 42, 43B
July 4 404, 401 4014
September ... 88 88 38$ 8842
PORK.
May 2360 2360 2350 2350
July 23 lO 2320 2280 2200
September ... 2280 2285 2250 2257A
LARD.
My 1275
Jtly 1272 1277 1265 1272A
September ... 1280 1287 1277 1280B
RIBS.
May 1273A
July 1273 1275 1272 1272A
September ... 1280 1285 1277 1277 A
I BANK STATEMENTS ,OP COAST
leading grain centers of the world bae long
ag- discarded tb useless package.
By Its action, the Portland Merchants ex
change la very likely to force the bulk of the
wreat to go via the rail route to the east
frcm Interior points during tbe coming season.
Not onljt. are tidewater points on the Pacific
coast likely to lose the business unless ship
btccme more plentiful for the 191$ crop move
Kent, but the coast dealers sre very likely
to be left out in the cold if they persist in
placing artificial barriers against tbe bulk
system of handling the product.
FLOUR Selling price: Patent, $3.20; Wil
lamette valley. $4.90; local straight, $4.609
COO; bakers' local, $4,8015.20; Montana spring
wheat, S6.10; exports. $4.50tft4.70; whole wheat
$t-.65; graham, $5.40; rye flour, $3.05 per
barrel.
HAY Buying price: Willamette valley tim
othy fancy $20; eastern Oregon-Idaho fancy
t'.mothy. i 1422; alfalfa, $2122; vetch and
oats, $18; clovei. $16.
GRAIN SACKS 1916 nominal No. 1 Calcut
ta. 18A4213c; In car lots; lesa amounts are
higher.
ROLLED OATS $6.50(56.75 pet barrel.
ROLLED BARLEY 3r.G0332.50 per ton.
Demand for milling wheat is flow and there
was a further loss of IVic a busbel in blue
stem for May delivery. On the other hand
there was sn advance of lc for fortyfold. In
dicating a foreign demand. Other varieties
were unchanged during tbe day's trading on
the Portland Merchants exchange.
Oats and barley bids were steady and un
changed. Merchanta exchange May prices:
WHEAT
Tuesday Monday
Bid. Ask. Bid. Art.
Bluetem 99 102 100H 1"2
Fortyfold 92 87 81 07
Club 90 94 90 H4
Red fife 90 95 00 95
Red Russian... 90 91 90 84
OATS
Feed 2625 2700 2623 2700
B A RLKY
Peed 2700 2950 2700 2900
MILLSTCFFS
Bisn 2350 2450 2350 2500
Shorts 2750 2850 2750 2850
Future were quoted:
WHEAT
Bid Ask.
.Tv.ne Mnestem 99 1O0
July bluestem 97 100
June fortyfold 02 95
Jnlv fortvfold 91
June club o 91 H
Jrlv club 90 9.U
June red fife 80 4'4
July red fife ! S
June Russian 0 8H
July Russian 90 83t.
Cattle and calves
Sheep W. A. Leaner, Douglas, J loads : W.
. Cochran, Linn, 2 loads: V. I. Dixon.
Douglas, 2 loads.
Mixed stuff J. W. Davis. Klickitat. Wash..
12 cattle, 13 calves and 64 hogs.
Monday Afternoon Sales.
EWES.
Av. lbs.
130
Portland Banks.
Clearings This week. Tear aro.
Monday $2,478,207.02 $ 1.40. 769.80
Ji ne
July
June
Juljr
June bran .
July bran .
June shorts
July shorts
TueBday
Clearings
balances
Clearings
Balances
Clearing
Clearings
2,224.778.77
Seattle Banks,
Tacoma Bank.
1,531,021.93
.$ 2,916.649.00
206,055.00
.$ 446.71 T.00
77.031.00
Los Angeles Banks,
$ 3,860,246.00
San Francisco Banks.
$11,275,083.00
New York-London vMetal Markets.
New York. Mav 22. (I. N. S rv,n..
market firm: electrolytic nearbv nominal- Aug
ust audu later, 29fcC30c; iron market stesdy.
evuiueru, u.4nnl.w; I0. z $2J.25
4i 20.75. Tbe metal exchange quotes tin uuiet:
spot, 848.5O49.50. M '
A London, pot, capper, 137; fntnres,
134 electrolytic. 158: snot tin 1srt: e,7.
turea, 18 Bs.
New York, May 22. (I. N. B.1 Th. m.t.i
exchange quotes lead, $7.1207.30; peiter mar-
uuii; umai m. lioui oeuvtry. 16 asked.
At London, lead, 31 12 6d.
Strawberry Crop Cut.
Hood River, Or., May 23. The heavr raina
in tiooa niver vaiiey Sunday, It Is reported.
wm cut aown me strawberry yield severV
thousand Crate on account of tbe fact that
the pollsuisation has been greatly Interfered
with. One or two crates of berries have been
picked and marketed at the local atorea. and
are retailing for 40 cents per Quart. A larsra
ncn.oer er oerrypickers and packer have come
lo nooa tuver oerore tne berries are rlne. and
are camping over tbe valley awaiting the ripen.
Berry Outlook Good.
White Salmon, Waah., May 23. ThiB
jrear sirawperneg are coming- into
bearing; later than ever In the history
a4 TITViI a DaIu a ...
V una oaiinun. An increase ot zc
carrier has been decidnd unon nfbfr
for a crate of six boxeg will bring- tha
berry picker 8c a crate, an Increase
of about 60c a day for an average
picker.
All Indications point to a aplendld
yieia.
New York Cotton Market.
Oren. High. Low. Close.
in. 1321
March 1330
May 1292
July 1306
Auk 1304
Sept 1313
Oct. 1306
Dec 1318
San Francisco Wool Market.
San Francisco. May 22. Wool ner rjonnd.
Humboldt and Mendocino, 8 months, 2224c;
li months, 2528ct middle counties, 8 months.
good, 1718c; Red Bluff and vicinity, 23a
25c; Nevada stock staple, 22 24c; fine. 18fi
20c, according to quality.
St. Loul,, Mo., May 22. (I. N. S.) Wool
uncuangeu.
Eastern Barley Markets
Chicago. May 22. (I. N. 8.) Barley, 1
c xuwer; mailing. luifjC'TC.
Kansas City. Mo., May 22. (I. N.
Barley. 60657.0.
1322 1802 1303
1386 1317 131i
1292 1280 1280
1307 1285 187
1315 . 1293 1294
1313 1288 1288
1306 128! 1283
1318 1297 1297
New York. May 22.
changed; malting, SOc.
(L N. S.) Barley nn-
Oregon Apples in South.
Ban Francisco. Msy 22. Apples, California:
tier, 7686c; An 3H tier. $15 135. Other
.Miviro, ivrufi,w mx. Oregon and
Waahlnvfcftf). Vlntain. Bt . k .
Pippins, 75c3$1.00 for choice and $1 2531.60
xor imncy ana .w(i.io lor extra rancy.
San Francisco Hop Market.
' San Francisco. MaV K n i rr..rw.
1916 crov; basis per pound; prices to grower.
Sacramento valley, 812c; Sonoma and Mea-
occjdo, ui2c; Oregon, Ktfiic; - Washington,
VRKD OATS
, 2625 2700
2825 2723
FEED BARLEY
2700 2900
2000 2800
MILLSTUFFS
2400 2450
24O0 2550
2760 2H50
2700 2850
Brootnhull cabled from Liverpool-that wsak.
nesg in America and pressure In Manitoba
caused weakness there. Spot, weak, 1 to Gd
lower, with pronounced pressure in Manltobas;
demand aulet. Cargo market weak; winters.
la and Manitoba-is 6d lower, with large oi
lers. English country offers large, with pros
pective foreign arrivals uoeraj; stocks in
creaains. but bnvers are not nervous. Amer
lean demand reporrB are noi particularly ar
fectlng sentiment, as American and Canadian
holdings are large. '
Argentine wneai easy, rreigms noi quoiea
offlcfsUy. but merchants' rates are for June
loading 193a oa. last oixiciai quotation waa
165a.
United Kingdom visible wheat B4.B7Z,oot
br.ahels. Includ nsr for week 1.920.000 buahels
Crop reports trom tu wanaaian norm west
are lavoranie.
AMERICAN LIVESTOCK PRICES
Chicago Hogs $10.
Chicago. May 23. (L N. S.) Hogs Re
ceipts 15.000, weak, wostly 5c under yester
day's average. huik. .iosz.m: iiRnt,
$9.S59.90; mixed, $9.58&10; heavy, $9.45
Si 10: rouirh. S9.45O9.60: Dies. 7.40((19.35.
cattle Receipte 4000, eteaoy. isaruve peer
steers. 18.15(210.40: western steers, $8,350
9 35: stackers and feeders, $6ift8.90; cows snd
heifers, $4.609.70; calves, $8gll.25.
hep Beceipr io,ui, weaa. werners i.io
yvw; lamDs, suuiz.vu; springs, o.j.((J14.do.
, Kansas City Hogs $8.86.
Kaneaa City. May 23, (1. N. S.) Hogi
XVtHr I y l J A , 'W, V W ouia, sptv $24X -Wa
heavy, $9.758.83; packers and batchers, $9.43
9.80; light, ew.ouuw.TU; pigs, . 00(9.25.
Cattle KecelDts 7000. higher. Prime fed
steers, $9.60fil0a0; dressed beef steers. $8.25
-50; western steers, $8.259.90; atockera
and feeders, 7.20 1(; bulls, ; calves,
ta. 50(2 11.
Sheerj ueceipta uw. sreaay. ijnmrm, siu.zo
12.50; yearlings. $911.25; western, $8.50
10; ewes, $8.25(9.50.
Denver Hogs 9.S0-.
Denver, May 23. Cattle RecelpU 4000,
strong. Beef steers, $89.15; cows and heif
ers, $6.50 8; stockers and feeder. $6.75(9
8.50; caires, giui2.
Hogs Receipts 4000, 10(2 25c lower. Top,
$9.8t balk, SV.4OgfH.B0.
sneep tteceipis none, vnensngea.
St. Louis Hogs $10.05.
Bt. LAUs. Mar aa. ( I. N. S. ) Hosrs Re.
celDta 8500. lower. Pigs and lljrbts. $7.75a
8.9b; mixed and butchers. $9.73(910; good
heavy, $9.96810.05; bulk, $9.759 5.
Cattle Receipts 3800, strong. Native bef
steers. S7.6O01O: yearling steers and heifers
$8.508.76; cows. $5-258.25; stockers and
feeders, $3.50 8.50; southern iteert, $5.75(ij
8.85; cows ana neirers, $5xs; prime year
ling steers and heifers, $8. 75ft 10-25: native
eaivea. eovsix: Drum aonuiera steers, euax
9. DO.
Sheen Receipts eooo, steady, wethera
$8.258.75; lambs, $1012.70; clipped ewe.
11 MQfti.iV: cupped lamos, .sv.auii.u
spring umos, filial.
Omaaa Hogs $9.70.
Ornshs, My Xa. (L N. 8.) Hogs Re
ceipt! iz.uw, lower. Heavy, .30fSG9. 70;
light, '$9.408.55; pig. $8(9; bulk, $9.40
S.60.
Cattte Recelpta 4600, strong. Native steers,
$8(010; cows snd heifers, $768: western
steers, $7.509; Texas steer, $TSS; stock
ers and feeders. S78.75-
Sheep Recelpta 4200, steady. Yearling.
$9 11; wethera $S.2S&9.75; lambs, $101312.
" Beettla Hogs $9.15.
Seattle, Wash. May 23. (P. N. 8.) Hogs
Receipts 653, steady. Prime lights. $9.10
9.15; medium to choice,. $9.009.05; smooth
htavles, $8.60(fS.63; rongh heavies, $7.6042
8 15; pigs, SS.OUQJS.6S.
Cattle Receipts 106, steady. Beat steers,
$8.7538.86; medium to choice, $8.0008.50;
common to medium, $6. 5087.50; best rows
$7.O07.5O; common to medium cows, $4.00
BJMi balls. S4.60fiX0.b0; calve. S70T8.50.
Sheep Receipts 200, steady. Lambs $10.00 5i
1C.50; yearlings, S9.008.BO; ewes, 17.253
e.UU.
New York Coffee and Sugar.
Hew York, Msy 23. Sugar Centrifugal.
SO-oa.
Coffee New York spot Ho. 7 Rio. SHc
WO. BSHHOB, IV -4 C.
Liverpool Cash Wheat.
Liverpool, May 23. (L N. g.) Wheat Spot
market ateady. No. 1 Manitoba, 12a; No. 8.
lis M No. 1 northern spring, U lud; No. 2
tea wsstera winter, us eo. :
Beat ewes ; 6.50
Good to common fwes B.00Q6.25
Hog Market Is Steady.
With stock selling at practically the same
price as on Monday, the swine trade at
North Portland was considered steady. General
market for good stuff remains around $8.95(s
9.00 here and only a limited supply brought
traction above this during the last 24
hour.
Choice light weight, nominal $9.95(39.00
Good light weight 8.80&8.90
Medium weigh.. 8.608.73
ucugn and heavy 8.008.23
Cattle Trade Is Quiet.
Added to Monday's dlaaDDolntina ran of
stuff in the cattle pens at North Portland
aa another email run during the last 24
hour. Only odd and ends are now coru
ln& forward from local places and extreme
valuea are. not tested.
General cuttle market rana-e:
Choice pulp-fed steers $S,9029.00
Choice grain-fed steers.... 8.75
Ordinary grain-fed ateers 8.258.40
Cboice hay-fed steers 8.60(8.7.1
uoot. steers
Ordinary to common steers fl.Wirfi7.oo
cnoice cows
Ordinary to common cows
Cl.oice heifers
Ordinary heifers
Choice bulls 6.50416.00
Good to fair bulls.. 4.004i6.OO
Ordinary to common bulls 2.00(32.75
Best Heht calves a .on
Good calve 7.00(27.50
Tuesday Livestock Shippers.
Hogs Frank Garner. Klickitat. Wash.. 1
lord; Dick Rltzschke. 1 load; A. J. Gosa,
Hood River. 25 bead; M. Collins, Klickitat,
Wash., 19 bead; William S'chultz, 12 head-
Lester Wade. Gilliam, 1
Range of New York prices fnrnr? bed by Over
beck a Cooke Co., 216-217 Board of Trad
building:
Description
I Qien IIik" . '-" t-
Aluska Gold.
AUIs Cbelmera, c...
Allis CbaLnerB,. pfd. .
American ileet Sugar
American Can, c. ..
American Can, pfd..
American Car Fdy.. C
American Cotton Oil, c
American Linseed, e.
American Ltnseed, pfd.
American Loco., c.....
American Smelter, c.
American Sugar, c...
American Tel. & Tel..
Aiijerlcan Woolen, c.
Anaconda Mining Co..
Atelilwm, c
Atchison, pfd
Baldwin Loco., c
Baltimore Sc. Ohio, C...
Bethlehem Steel, e
Bethlehem Steel, nfd..
Brooklyn Rapid Transit
-Calif. Petroleum, c
7:50g8'uO 1 allf. Petroleum, pfd.
B.WIW7 00 i au""" r"";
p. Ontral Leather, c
f25ffl73 Central Leather, pfd...
TiSSlS Chesapeake Ohio....
1 nnii7 ok Clilcago & Gt. TV., c. .
wiicugor m . si. tr.
No.
4 ewes
29 ewes
Price.
wether
wethers
14 goats ....
7 yearlings
IS yearlings
WHTHERS.
GOATS.
YEARLINGS.
SPRING LAMBS.
21 spring lamb ,
BULLS.
100
90
93
77
70
96
61
Chicago & N. W., c
Chlno Copper
Colorado V. & I., c...
Consolidated Gua
Corn IToduets, c
Corn Prodacts, pfd...
Crucible Steel, pfd...
Crucible Steel, pfd...
D. & R. G., o
D. & R. G., pfd
Distillers
Krie, c
Erie, 1st jifd
General Eiec trie
General Motors
Goodrich Rubber
Gt. North., ore lands.
Ot. North., pfd
Gteene-Cananea
Ice Securities
$6.50 . Illinois Central
3.50 Industrial Alcohol. . . .
Inspiration
Interboro, c
Icterboro, pfd
Kansas City South., i
Lackawanna, Steel....
Lehigh Valley ,
Louis. A Nashville. . .
Mexican Petroleum. .
Miami Copper ,
M., K. & T., c.
22
7
22 W
66H
lUVs
61
4914
72
J-2J
49 H
704
129!128128Ts
RAW
10BH
86
1074
9i
94 V,
439
86 Vk
105
87 ii
82X4
483
$8.00
7.73
$3.30
$8.23
8.23
$9.60
COWS.
STAGS.
STEERS.
CALVES.
' IIOGSV '
VJ370
...138".
...1336
...1830
...1720
... 670
...1400
.. J1S0
... 652
...725
... 952
.... 800
... 6T0
... 850
... 955
... 943
...1110
... 805
... 730
... 840
... 750
...1171
... 707
...1220
...1195
...1250
... 80
... 221
... 183
... 244
... 246
... 192
... 217
... 193
... 211
... 183
... 198
... 191
... 188
... 210
... 204
... 244
... 246
... 170
... 151
... 350
... 862
... 800
... 2IM)
..... 300
... 175
... 400
490
.... 170
.... 144
.... 93
.... 300
.... 320
413
.... 300
... 370
.... 840
.... 300
... 317
... 120
1 .. . -S58
... 304
.... 125
... 137
138
125
.... 120
... 144
.... 120
.... 114
Tuesday Morning Sale.
STEERS
Ave. lb.
1230
BUCK SHEEP
1 buck sheep 120
HOGS
91 hogs 178
2 hog 480
6 hog 2K8
1 bog 620
1 hog 430
1 hog - 130
4 bull .....
7 bulla .....
6 bull ....
1 bull .
1 bull ....
1 boll ....
1 bull
1 bull
18 cows ....
2 cows .....
7 cows .....
1 cow ....
1 cow ....
1 cow ....
2 cows ....
15 cows ....
1 cow ....
2 cow
2 cows ....
29 cows ....
1 stag ...
25 steers . .
14 steers . .
17 steers ..
23 steers . .
2 steers . .
2 calves ..
60 hog ....
84 hogs ....
21 hogs ....
1 7 hogs
82 hogs ....
14 hogs . . . .
7 hogs
22 hogs ....
3 bogs
B hogs ....
6 hog .
78 hogs ....
16 hoira ....
7 bogs ....
21 hog ....
17 hog ....
75 hogs ....
6 hogs ....
4 hog ....
4 hog . . . .
1 hog ....
8 tog
1 bog ....
2 hogs ....
1 bog ....
1 hog ....
1 bog
80 hoar
130 hogs ....
0 hogs ....
4 bogs
2 hog ....
2 bog ....
1 hog ....
1 hog ....
2 hog ....
4 hog ....
61 bog ....
2 hog ....
5 bogs ....
23 bog ....
4 bog ....
8 hog ....
7 hog ....
7 bog ....
SO bog ....
8 bogs
T hog K...
No.
1 steer
$4.75
4.73
4.75
4.75
4 60
4.(0
4.00
Kennecott Copper.
,flc. .
Missouri Pact:
National Biscuit
National Lead
Nevada Consolidated. . .
New Haven
New York Air Brake. ,
, New York Central
! N. Y. O. A W
a. 73 1 Norfolk A Western, c,
I Northern Pacific
$6.90 Pacific Mail ,
6 23 Feiureylvania Railway,
6.00 Pittsburg Coal, c
5.33 Pittsburg Coal, pf
.6.25 P. Steel Car, c ,
5.23 I". Steel Car, ,pf
6.00 Ray Oona. Copper
4.63 Railway Steel Springs
4.50 Reading, c
4.23 Reading, lit pf..,..
4.2S Reading, 2d pf
8.65 , Repabha I. A S., e
Republic I. & pf.
Rock Island
fthattuck
eg 15 Stcdebaker, pf
g oo Studebaker, pf
S00 Southern Pacific
h'(jo Southern Railway, c.
6 60 outhern Railway, pf.
j Ttnn. Copper
Texas Oil
; Texas Pacific
Third Avenue
Vnlon Pacific, e
Union Pacific, pf
TT S Huh.! .
8.95 lit a HtMl Co.. e
L. 8. Steel Oo.. pr..
I'tah Copper .
Virginia Chemical, c
W. U. reiegrapn
181
O i4
"oiU
14 Vi
88
99
130
63 V
43U
141 Vi
94
117
117
15
28t4
61 i
40
65 V
172 V,
314
76H
41W
123
48
2'4
104
in 1
46
19
76
27
70
82
1W
108
36
4
66
T
182
64
$4.75
$7.50 ;
1
$9.10
9xa
9.00
8.93
8.95
8.9.'
8.93
Total sale 772,000 shares.
-?i Westinghouse Electric,
8.90 I
8.90 i
8.90
8.00
9.00
8.85
8.85
8 43
8.45
8.45
8.35
8.35
8.00
8.00
8.00
8.00
8.00
107 H
120H
115
103i
23
67
40
193
12
62
U42V4
88
64
109
85
116
81
43
84
68
180
64 Vt
63
14 V
88
9
loo
63
43
139
19
94
117
117
"
28
60
39!
64
172
014 1010
76 ft76
40 1 41
28
103
70
26
70
80
130
107
86
4
65
6
Vi
126
115
e
28
CTeariaff of Checks by Tederal Xeierve
Banks Mandatory. R. W. Schmeer.
cashier of the United States National
bank, who returned to his desk yes
terday after attending; the meeting- In
New Tork of tbe executive council of
the American Bankers' association,
brings home word that Interest In the
work of the council centered chiefly on
the check clearing; and collection order
of the federal reserve board. It was a
revelation to Mr. Schmeer and other
bankers in attendance that tbe order of
the federal reserve board Is mandatory
because the law makes It so. They
werp Informed of thla fact by Governor
Strong of the federal reserve board. It
is also the opinion of Mr. Schmeer that
the board will put the ney plan Into
effect aa soon as possible and there
will be no way of disputing their au
thority to do so. The most that the
bankers of Uie country, who may be
opposed to the plan, can nope for, is
that the operation of th law may be
postponed for another six months, until
the banks can have full opportunity to
prepare for working under the new
system, and fortify themselves against
Its demanda. The executive council
appointed a committee consisting of
five bankers representing different
sections of the country to go over the
situation with the federal reserve
board and to secure, If possible, the
desired postponsment Of six months.
ashland's Park a Marvel. L.loyd
Mullt, vice president of the Northwest
ern National bank, returned to his
desk yesterday after a two weeks'
business trip to southern Oregon. Two
things that Impressed him most were
the park established by the city of
Ashland and the fact that the earlier
reports of the damage to fruit in that
section on account of frost will be
found to have been largely exagger
ated. "Ashland is entitled to a great
deal of credit for Its enterprise and lib
erality. Nature gave It a base from
which to work. It has made a beauti
ful park and has undoubtedly started
a resort movement which will mean a
great deal to Oregon in the years to
come. Bo far as the frost is concerned,
it has been demonstrated that smudg
ing Is a good investment, even if it
has some temporary disagreeable
features.. Those who smudged saved
most of The fruit; those who did not,
suffered heavily. The frost has done
some damage, but for the most part It
has thinned out tbe heavy bearing
trees principally and there Is left, on
most of them, all of the fruit they can
bear."
Will Radically Upset Existing Prac
tices. The aim of the federal reserve
board is ultimately to collect all out
of town checks of national banks of
the country, whether drawn on mem
ber or non-member bevnks, through the
federal reserve banks. There are num
erous startling departures from accus
tomed practices which will be Involved
in carrying out the plan. The mere
suggestion of some of them has al
ready taken away the breath of some
of the banks. There are. It is esti
mated, checks representing $300,000,
000 in the mails all of the time. Under
past practices of Immediate credit
tirni9h thnle rnrraannnrlenta and fith
60 1 erwise the banks have been able to
130
110
80 '
106
28
125
114
110 110
44
48
111
19
32J4
143
109
101
24
67
40
193
12
62
143"
83
64
108
85
117
81
43
63
44
47
111
19
82
136
109
100
2.1
19
32
143
MORRIS
I CO. ILL
LOCATE A
count these "transit" checks aa cash am
due from banks. Unfer the propose
system, they will have to count then
In future statements as "checks ii
transit." for they wtll not be allowec:
to consider the checks as paid , tin til
the time provided under the tlmt
schedule arranged by the federal re
serve bank has elapsed. The banks
will also be required to carry a suf
ficient balance, over and above their
required reserves, with the federal re
serve bank to take care of this "float")
or "transit" charge. Since tha check
will be collected by the federal reserve
bank the pustomary charges for - col
lections, now made by banks, will be
eliminated, and a large source of rev
enue of country banks will be taken
away from them. So serious it this
last Item considered that many coun
try banks believe they will either have
to go out of business or give up their
charters and become state banks. It Is
further suggested that this latter plan
will be ineffective, aa the federal re
serve banks propose to collect : the
checks of state and private banks
where it can be done. Local ban ks
will be appointed in each place to aot
as the collection agent of the reserve
bank. The possibilities of the proposed
plan are declared to be far reaobtng I
and radical In the extreme.
Oronp Two Meeting at Independence.
Group Two of the Oregon State Bank
ers' association will hold its annual
rneetlng at Independence on 'Wednes
day. The delegates will be guests of
the local bankers. Kdgar H. Sensenich.
cashier of the Northwestern National
bank, will be one of the speakers. A.
E. Gebhardt, who conducted a serleB
of law lectures before the members of
the Portland chapter of the American
Institute of Banking, will hold a round
table discussion on negotiable Instru
ments. Most of the Portland banks
will have representatives at the meet
Ing.
took Market Influenced by Pesee.
According to stock market gossip Sam
uel VanClan, vice president of the
Baldwin Locomotive works, admitted
that his company hud stopped further
work on extensions to its arnmulJt.lon
plant because of insistent peace talk..
Other gossip said Greece was near
bankruptcy. 7
Merchants Buyls Clogs Current
reports from Chicago dry goods mar
ket are to the effect that merchants are
buying up closer than usual. There
Is a greater number of merchants in
the market than customary at this
time and they are placing good-sited
orders. They want immediate deliv
eries, however, and they are not com
mitting themselves to long future pur
chases. The report is that cool weath
er baa retarded some lines of trads. 5
Canadian Bonds Advancing Local
bond houses are pointing to the fact
that since April 1 quotations on Can
adian bonds are materially higher. The
maturity of 1921 have advanced from
99.58 to 99; 1926 from 97.13 to 9f4;
1931 from 94.94 to 100 plus. The Lum
bermen Trust company last week was
the successful one of 10 bidders for an
issue of $40,000, coimty of Missoula,
Mont., refunding bonds. Tbe price paid
was a premium of $325.25. The issue
runs for 20 years and payment Is
optional after 10 years.
SELL NG
BRANCH IN PORTLAND
Big Packing Company
Close Branch Offices
Spokane and Seattle,
in
100
84
80
42
84 Vi
62
Municipal Judges
Life Is Threatened
Zeal tn DealingWItb. Speed Offenders
Bald to Have Brought Mysterious
Telephone Messag This Morning.
Determination with which Municipal
s!oo Judae Arthur Langguth has been deal-
7 5 ing with spefeders and traffic violators
l brought him a threat of death this
7.95 morning.
7 90 Mra Langguth called her husband
?-0 from their home at 127 East Third
T OO street north, greatly agitated. She said j
7.85 that a woman naa just cauea ner to
7.85 give warning of death threats clrcu
5 lij latlng against the magistrate.
7.60 1 The woman refused to give her
7.50 name, but stated the Information came
I ?i through her eon, who Is a Jitney driver.
jq A ylOl I1ELU uccu ivimcu uviig jib.iv
men, she eaid, to wayiay tne juage De
tween the courtroom and his home and
shoot him.
Judge Langguthvhad his wife report
the matter to Deputy District Attorney
Richard Deich and A. A. Thielke, pres
ident of the Jitney driver's association.
ThlalkA waa srreatlv aurDriaed. Tha
2 55 Jitney drivers, he said, were well
7.95 pieaseu wun me ucauucm
7.95 . been receiving from Judge Langguth. j
Because of the greater opportuni
ties in Portland for the selling of
meat products, Morris & Co. will close
the branch offices at Seattle and
Spokane and handle the business of
the entire northwest from the Port
land branch. Roy D. Btone, manager
here, announced today that this step
would mean an active participation In
the proposed Alaska business as well
as a widening of the domestic field.
It is improbable that Morris & Co.
will start a packing plant here at this
time, Mr. Stone explained; but tnat Is
not necessary, under present condi
tions. The fact that the company finds
Portland th logical city of the north
west to handle its ailing campaigns.
Mr. Stone looks upon ae an indication
of the general revival of business here.
The Alaska business alone amounts
to many thousands of dollars per
year, and Portland hereafter will
handle this. Whether or not It is to
be handled direct from Portland de
pends upon the establishment of
steamship service.
Mr. Stone will go to Seattle tomor
row to arrange for the closing of the
office and for bringing the office staff
to Portland. i -t
Synopsis of th Annual fltatsment ef tka
United State Branoh of the
ROYAL IKSTHtAJfCZ COMPAVT. Lt'l.
or Liverpool, in the kingdom of Hreat Britain.'
00 the 3iat day of December, 1915. mad to
the Insurance. Commissioner of tb State of
uregun, pursuant to law:
CAPITAL.
Amount of deposit
IKCOMV
Net premium received during
ine yer
Interest, dividends and rent re
ceived during tbe year
Income from other source received
during tb year
$ 4
10,000.00
$ 8.908,408.40
673.005.14
loa.iii.Sa
Total income $ 9,089 678.1
. uxoouaBC.jaz.jiXB.
Net losses paid during the yer..$ 4,145,181.14
Commission and ?larle oald
during tim year
Tae. licenses and fee paid dur.
Ing th year ....
Amount of all other
tnrr
esnendl-
Total
2.478.m.83
81n.s84.8o '
.$ O.lSO.W.Oo
T.50
7.50
Price.
$9.00
$5.00
Overbeck & Cooke Co.
sttoeka, Beads. Cotton. Orals, Sto,
I16-81T Board of Trade Bull ding.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Member Chicago Board of Trade,
Correspondence of Logan th Bryan,
Chicago. NvW Tors.
expenditures
Due from company reinsurance : V
...1 nmrrm pain V3,04.QI
ket value) 4,870,848.03
VslltA nt t rP Ir . mnA liM.fl.
(market value) 0.818.50 100
Loans on mortaaep and lUt.
'. etc 200,100.00
rent. In hank nd on hand, 1,108,59010
1 ivminMii in ot OOIIOC1KW
written line Kept. 80, 191B... 1,521.267.80
Interest and rent due and ac-
o ud 9O.0T0.5a
Total asset sdmltted In Ore
gon $ 8,760.250.29
TTAHTTTTTTa .
Ctoss clIm for losses unpaid. ..$ 8S3,B20.8O
Amount of unearned premium
on all outstanding risk 8,420.101.24
Du for eoinmlsffon and brokerage 82.954.47
Ail other liabilities 432.908.07
Total liabilities, eielnelv of
deposit capital of $560,000.00.$ 8,847,605.57
14$,B24.$1
81.84S.OO
84.gar
92.827.20
Total premium in force Decem-
oer 81. 1915 $1.T0S.12S.M
BTJOIlfESB III OREOOlf 0 THI TXAJl. .
Tctal Insurance written during
tii ?ef $79,834,506.00
urnen premium received during
the year
Premium returned during tb
year
Ioses paid during th year
Loaae incurred during tbe year..
joiai amount or insurance out.
standing in Oregon December
81. lfiiS T.BsMtiOO
BOTAL nrSTRAWCE 00,. LTD.
By HUL.L.A v. WATT.
Manager Paclfla Department g(a rrsncUoo,
CL
Statutory resident general gnt and attorney
for service; 11. R. HCRKE. -
Portland, Of.
Besldeat Agtntt:
GBRLINORB MICH A BPS A CO.. -'
Northwestern Hank Bldg., Portland, and -HABVKY
O'BKYAN, ',
002 McKay Bldg.. Portland.
7.50
Hotel Will Open
Ballroom Tomorrow
Manager Ober ofthe Portland hotel
has issued a number of Invitations for
the formal opening of thet, Portland's
new ballroom and assembly hall to
morrow nlght
The ballroom and assembly hall oc
cupy the space In 'the building formerly
occupied by the buffet and men's grill.
They are tastefully decorated and
fitted, the ballroom having one of tho
finest hardwood dance floors In the
city.
A number of fine paintings, secured
at th Panama-Pacific exposition . by
Edward Bovce. ara hunsvin tha nut.
flng room. -
. Mr. ooer has arranged for a musical
program and refreshments - for , the
opasiog. - - , -
8an Francisco Grain Market, )
San Francisco, May 28. Barley
Open. Close. Close.
May ...129B 13SV4A. 1Z8B
December ....134V4 1345 13V4B
Spot quotations; Wheat Walla
Walla, $1.67 V4 1.70: red Russian,
$1.67 01.70: Turkey Bed, $L784
1-82; bluestem. $1.87 V 01.90.
Barfey Feed. $1.32 ; brewing, $1.85
1.40
Oats Whits, I1.82M 01.65.
Bran $26.00 27;00: middlings. 21
32.00; shorts. $Z.0030.00.
When writing or caning 4 advertiser plean
Brentlon The JoOmaL , tAdv.t
BOX OPTICS BOW OFBH. -
Oet your seats for the opera, Tr
Diavolo.", Great performance by Port
land Opera association. Baker theatre
Thursday night. May 2S. Saturday
roatine. May 27. Popular prices.
The First National Bank
Fifth and Morrison Streets
Capital and Surplus, $3,500,000
In every department of banking we
are prepared to serve the public ac
ceptably.. . ..
4: