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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 26, 1916)
V ' tl THE OREGON DAILY JOURNAL, P ORTLAND MONDAY, JUNE 281916. 33 RAINS ?COM POTATO MARKET IS SHOVIG STRENGTH m OFFERED HitiappllM, While Not ITeavler, Are . Greater Tban AnticipatedGreat 1 - ' Strength in South an Aid to the ' Tread Locally, More old erep Veal potatoes are being of fered tbaa' the local trade bad anticipated. tut total etferlngs art not sufficient at the siosient to cant a a special change la vatoet. Some, very good atock hold In a tor a fa waa bin offered to tha wholesalers daring the morulas at 81.40, but aa they were freslr of frlog atock to retailers at $1.10J 1.60, they Would not par the price demanded. On tba titer byidji there la a (air voloine of ordlnsrr quality eld potatoes offering around $1,103 x.zo ana tness are netng purenased. - New potatoes, If anything, again (bow ing a fractional a-ain la atrenatb. While a Biuderate locreaaa in local offerlnara la abown t7 nearby growers, atlll tba extreme prices eemanane la California beat atock being beld there tllht at 81.MV a-iees additional firm. n Beea la tba locil market to old potato s, aa wen lor new OLierinn. Along tbe wboleeale way new potatoea are quoted from $2.00 to 12.75 a eeatal, tbe lat ter Ming tor red atock el top quality. MISSISSIPPI TOMATOES ARE IN Tba carload ot tomatoea expected from MJ- "W eiKiraaj appearea on tno market tn good condition after two daye" delay and waa-generally quoted at $41.60 a crate. IJer- cea, , Lai., atock at uoc tor rough. CANTALOUPES ARE DRAGGING Market for rantaloupea eontlnnra to drag, una toeai market baa been made the damping ground of California interests to , et rid of trelr overripe atock, while jrlvlna tbe eaatern : trad good duality. One advertised brand is eaiu to pa. tba chief violator. SALMON EXTREMELY SCARCE - Supplies of fresh salmon are extremely acerce In the local market and sales are re ported firm at 12c a bound for Columbia river efferinga. Halibut also scarce with sales at FIGS IN AN OVER SUPPLY ."" Very bear? supplies of fresh California black flea here entered tbe local market recently. lp to this time tba demand baa been equal t tht supplies, but during tbe day sharply . luwrr prices were torcea . wun sales aa lo' as Toe a box for quality. EGG MARKET IS STEADY HERE ' Along tb wboleeale way there la a stesdy tone In tbe egg market. Quality stock bas not been plentiful and with the release of tba ' preaaur by bearish dealers tbe market la again in good shsue. The DiinclDal beara era esld to have been those who do only a ahlp- fina;' pusiuess. a j i m BRIEF NOTES OP THE TRADE Teal market inclined tn chow alnrelah tnna Peach market fractionally lower. Beet at SI. - Traluload of bananas la. Good, quality at former prices. "" Cherries selling -alowly. R porta Indicate uick cracking. Btrewberrlea wera slow at various prices. SHIPPERS' WEATHER NOTICE . Weather bursas, advises: Protect shipments ' during the next 48 hours as far north aa tte . atUe against maximum temperatures of about WJ aegrees; northeaat to Spokane. TO degrees sou the t te Boise, fcO degrees; south to Ash una. 73 degrees. Msxlmutn temperature at rortiana Tuesday about GO degreea. POTATOES ALONG THE COAST Seattle Market Seattle, Wash., Juue 26. (U. P.) On tons .Australian, 4c; yellow California, 8c; red iii. to an Potatoea White new California. Ihc; white river, $28; Xaklma Ourbanks, .$30; tsxlma Gams ISO. 8an Franolaco Market. Ban rranclaco, Jane 26. U. P.) Potatoes Oregon fancy. $1.6041.75: Ido gems, ,81.75 U.titl Waeblngton Bnrbanka. $1.3o.60. Mew crop Delta fane; icy, Sl.iS; In boxes; ordinary W choice. fl.BOrt 'Ui ), in ascas and boxes. Onions Australians, SJ.GGtt8.00. New croo Bad. 12.50; ditto yellow. 12:90. New York Sugar and Coffee. New York, June 2d. Sugar Centrifugal, fd. 40, ' Coffee Rpot New York No. 7 ttloa. 0i4c: Ko. Bentoe lOHc. Afonday For Victoria, Vancouver, Prince Rupert, Ketchi kan, Wrangelt, Juneau and Skagway, com necting at Skagway with the White Pass & Yukon Railway, and at Prince Rupert with the Grand Trunk Pacific Railway, Wednesday Victoria, Vancouver, Prince Rupert and and Friday for Anyox, connecting at Prince Rupert with the Grand Trunk Pacific Railway. The Grand Trunk pcclflo, tn Transcontinental, tb T, a jy. o. nd Ornnd Tniak KaUwaya now Xomisa tbrongra sarrlca from Princa Booert via rrljncd Oaorga, Bomoatoa and Winnipeg to Chicago, Detroit, Boffaio. Toronto. Montr as. 1, Quebec. Boston. Mew York avxid other Eastern points. Zlasst Modara, Elocuio Lighted, Standard and Xouriat Sleepers. 2) inlaw r aad Obsdrrattoa Cars. EXCURSION RATES TO ALASKA AND ALL EASTERN POINTS 8a tno Canadian Bockla and ta jratioaal Frka of Canada, Tot Information. Xasarratlona aad Tiokatg Apply t City Ticket Offloa, Soraey B. Bmltta, a P. T. A, 116 TMrd Bt Portland, Or." , Alaska Ketchikan. Wrnngell. Petersburg. Juneau, Douglas. H ainea. b tag way, Noms and EL Michael. - California ta fceaiue or wan AAgelea and San Diego. Irak. soot modi ous passenger stesatera. Jon rsrWinclndtng berth and nwala? . p-ull particular spply or telephone Ticket Office wnenlna-Wa St, .V ""sin . A-2293. Dalles - Columbia Line Stjrs, J. N. Teal and Twin Cities Portland to Upper Columbia and Snake river polo- Portlana about avsry ' 'four day a ' OB XWrOKMATIOM CAAXV ViYLOB t. xocar . icaur aia. A-ma, AILS DIRECT WOR SAN FRANCISCO h LOS ANGELES SAN DIECO v ' TemorTOW.s Jnna 27. 8j30 P. M. " Caa t raAcisoa, Xortiaae a Lea A assise btemvuip Co. Frank Bellam. Agaat, U4 IH1SD STREET. A-4Ata. -. Mala IS. JUSI AS" NEEDED: JO; SAVE AppleiMeElat:Hood River Are to Vote on Joining Government ...... , .. w Apple Association plrectors Ex pected to Recommend Getting . on Band Wagon, . Bond River, Or.. June 2v At ' a meeting of tba board ot directors of tba Flood Biver Apple Growers' AssMdathm that did not ad journ until after midnight Saturday, It waa voted to submit tba matter of Joining tba Ftnlt Growers' Agency, undec the trauorm contract plea as proposed by the department of mart-eta of tbe United statea government to tba me cabers of the association for acceptance or reject km. It ia i reposed to call a special meeting of tba . growers of tba valley on tbe ISth ot July, at which time a veto win be taken on tbe proposition Out will bo binding upon the board of direc tors ot tba association. Tba vote , will be on the basis of membership' and too nage representation. Each grower will bare one rota by virtue of bis membership and one vote additional for ach 100 boxes of ap ples, pears and strawberries and peaches In standard alced crates ahlpped tba preceding At tba special meeting of tba growers, tba hnarA tt lrwtftra will rufflnmpB that the Apple Growers' association Join tba rrult'l Growers' Agency for tbe season 1916. Several conferences have been beld between govern ment officials and the board of directors of tba association with a view of eliminating and modifying some of the features of tba govern ment plan that bas mads it impracticable for tba Hood Biver Apple Growers' Association to Join because of Its attictly non-profit, coopera tive basic principles and methods, and wnue the matter baa hung fire for over two month a. the growers are anxious to have tna matter disposed of. Tbe government officials hare practically conceded all the Hood River asso ciation baa aakad for by way of modifications of Its by-la wa. and whila there will be sonic opposition on tbe part of tbe growers when tbe vote la taken, it is expected that a large ma jority will vote in tno auirmanva ror axiuis tion. The board of directors of tba Hood Biver association took a firm stand on tbe matter of a maximum charge of $1 per car for tba ex Den res of the Fruit Growers' Agency. It la now estimated that the charge may not ex ceed 80c per car. The budget provldea tor a fund of taoOo, and the crop estimate of the affiliated organizations now e tan da at 10,000 cars, JOBBING PRICKS OF PORTLAND These prices are those at wblcb wholesalers aau to rstauere, except ss oiocrwisa aisieu. Dairy Produce. BUTTER Prints, extrss. 2c; prime, firsts. 27c; firsts. 26He; dairy, 2121Vic; cubes, extras, 25tf25e; prima firsts, 2iQ2c; firsts. '2c: seconds. 22 "Ac BUTTBRF AT Portland dellTery No. i soar rrosm 27r: No.' 2. 2&e. KGGS Selling price: Selected fresh 25c; case count, boring price, uregon ranch, zivziv&c; ordinary candled. 24e. L1VH POUI.TBY Hens, heavy. Plrmorth Bock, Hlc: ordinary chickens, lac: stags. lOo: broilers, ltflSc; turkeys, lgQSOc; dressed, rsncy. ZditfXic: cutis, li mzoc; pig sons, gl.O01.2S; squabs, (2.00 dosen; geese, live. 10 11c; Pekin ducks, old, 10c lb.; young and heavy. 17c: Indian Runners, 15e lb. CHEESES Helling price: rreeh Oregon fancy full cream twins sou triplets. lOiaiuViC lb.; Young America. ITigliViC. Price to jobbers: Flata. 15c: Yonnr Americca. 16c. f. o. b.; cream brick, 22c; Limberger, Z3c; Wisconsin wheel. 8403fle: block Swiss. BOc. Frulte and Vegstabiea. FBEAH FRUITS Oranges, Valencia. $3.50, fliM box: bananas, Vsc; lb.; kmons, g3.fiO (lift 00 box: grapetrult, Florida, S30; cauli flower, California, $1.15 crate; cantaloupes, 5oc)f2.00 crate; watermelona, 2c; pea. dies. Ir0t4lw. . - BEHRIB8 Strawberries. Oregon. 11.503 1 7o; gooeeDerriea, aDC in. Art'l-bB Locui, muiiii per oox, scGura- Ing to gaality. ONI invQ v-m 1 ei 7h m. am4.i, Va e $1.25(ai.6o; garlic. 12ft; new red, 12.75 per cciital. POTATOKS-elllng price: LocaL gljoa 1.75: buying price, $1.25(91.50 per cental; new California, 2H93c: new local. VEtifc'l ABLEa TnrnlM. k eoaen bunches carrots. Mn-. uaranlpH. 0e doaen bunches: cab bage. $2.793 per cwt.-, green onkms, 2Sc dos, bunches: nenDers. Florida. ( ): head let tuce, California, $2.00 per crate; eelery, cau liflower, California, $1.15 crate; French arti chokes, 75c; asparagus, local, 75c per doaen bunches; hothouse cucumbers, 7 5c (g 1.00 per doien; tomatoea, California, wc per box Miksisslpui. $1.00 crate: eg plant. 710c string beans. Po lb.: spinach, 60Q75e box; rhubarb, IMiUZC per id.; peas, J.'uic per lb, Meats. Tnh and frovlaloos. DRE8SKU UKA Selling price: Country killed fancy hogs. 10'ac; poor. SflOc; fancy veals, 11c; ordinary, 10S10Vsc; goats. .'. c ir.; spring ubdil in.; muiion, joe lb. HAMS. BACON, ETC llama. ltC2144c lb. breakfast bacon. 17'u.'29e lb.: boiled bams. 81a lb.; picnic. IHc; cottage roll, 15c; Oregon exports. l.lcgtieVkc per lb. OYSTER'S Olympla. per gallon. $3; canned ALASKA and POINTS EAST Sailings From Seattle, Monday, Wednes day and Friday, 9:30 A. M. The New and Luxurious Steamers "PinceRopet&PinceGeoge,, 88, KORTHEBN PACTFIO x83. OBEAX SOSTKXkVaT Portland $20.00); to: and San Francisco $17.50) civass ' FBX3B xxTkVaa Touxiat, SIS and Sia.60 3r clast, S3. Special stouad rnp Tarn $32. '" MEAL'S ATD BERTH tKCLUDEO Steamer Express Xeareg O0 A. VL , TTJX8DAT, THVXS9AT, SATUSSaT rrom Baa Trnnclsco xo-30 A. MV xicbusx orncE. its aks stajut. 348 Waaalnartoa St rrat .Sor. Xy, Sra and ICorrtaon or Pan. y. American-Havaaaii Steanshio Co All ' sailings between U. S Atlantic and U; : S- " Pacific ports ara r canceled - until further notice. C. S. aaanedy. Agt,t rfc Stark St.. f artUsA. TiELY. RAINS ARE RESPONSIBLE. FOR SAVING THE CROPS C Ray Beckley .of Western Pro duce Co, Returns Prom Fossil Ranch and Says Hot Weather Pot 'Crop ia Critical Condition, Late rains have aaved tbe grain crops of central Oregon from destruction. Word to that effect was brought to this etty by C. Ray Beckley, aaaafer of tba Western Produce company of this dry. wbo baa Just returned from a .business visit to bis .ranch pear Fossil. ' During his absence of 10 days. He. Beckley sold a bunch of bis high-grade -cattle to T. B. Howltt, a well- known batcher of this city. 'Were it not for tba rains that bare fallen li tba Interior daring the last few dsys, tbe ciop would have been seriously damaged by the extreme bet period ot tna previous ween, teports Beckley. The crop waa In critical condition prevloua to tba rains, but the showers came at an op portune time and tba grain is now looking good. "The bay crop la in excellent condition and the stand of alfalfa ia tba beat 1 have seen In years. "The cattle of tha Interior are in excellent shape, although only a small per cent of them are yet good enough for beef. Idaho buyers are all over tbe Interior, taking ant tha feeder stuff for shipment to tha Oem state, although all the beef stuff comes to thia city." eastern. 55c can. $6.50 dosea: eastern In, shell. llJid per 100; raaor clams. lZVic duscn; east ern oysters, per gallon, solid pack, $4. FISH Ilresed flounders. 7c; Chinook sal mon, 12c per lb.; perch, 73Sc; lobsters, 25c; silver emeu, 8c; saimuu troui, l2c lb.; UmU- but. 10eti2c; torn cl. ic: biaca bass, 7 Vic lb.; shad, dressed, aitflo lb.; sturgeon, 13c. CRABS mrge. i.o; nieuium. tio doaen. LAKU Tierces, kettle rendered. 14 We: standard. 13ic (jrocenea. BUG AO Cube, $0-20; powdered. S8JS: frnlt or berry. $8.43; Honolulu. !eK.40; beet, $8.25; dray granulated, $s.5; D yelktw, $TA5. (Above qaotsuuna are ov aaye net cash.) liU.MtX Aew, aj.mjv yar case. KICK Japan style, No. 2. 41ic: Near fir. tcaus, bead, 5fctsdttc; blue rose, S Me. A.LT Coarse, naif grounds, iuOs, 410.50 per ton; WM. $11.S0; table dairy, -60a, $16.00: lOOe, fltiO, bales, I2JJ5; lump rock, $20 par too. BEAN'S Small white. $9.00: lar. rhi. $S.?5; pink, $0.75; luuaa, StS.7; baua. $7.00: re J.tw. Hops, wool and Sidaa. HOl'o nominal, baying price. 1915 croc cuumi 'wavi luvuiiun to prime, tatnc wiiOL. ltfia cIId: Willamette vaii . Cotswold, iiOc; inedlom Baropehire, 82&a3 lax, ' C 6c; salted slst5o Ibe., and epi, lie- asJtJrf Up (15 lbs. to Jo tbe,), lie; salted calf (us lo u lo.;. Mvt-tK, areeu nioea tzs its. aud upi, hb'i w iom. and udi incvc: cren ku (15 lbs. u Li . green calf tup to 15 lbs.), 2aaic; dry fUnt Ti.i O.M!.. Ar-m flint ..... V- Hiuc, s --- - uy to 1 ins 1 ait; dry aalt bidoa, 23c; dry horsehldee, each SlKs. SUV itwmiuww, Btttli, e-lMittSif.50' hurseniaes. aac. ury hoi wool twit, dry short wool pelts, lac; dry sbsep shear' niZg's, each lo2&c; salted sheep shearilnaa. eacn, lotu&c; iry goata, long kalr, ISc; Sti goau. sbearUnga. each. lUfc-4c; salted lona wix.1 pelts, $1.1062.50. TALLOW AO. 1 TC1 KO. a, Te: crease. RUo lb. - cxUXiisa un uaua tuuii Bulnr prices, per car lota, 4 H; less than car lots. Sc. UOHAIR 1816.,' 85c lb. -Paiata aad 00s, COAL OIL Vr.ter wuite, in drama and Iron lrreii. iw. UNSEED OIL Raw. bbls., 81c gallon; ket tle bouea, oois., (nk-. raw, case, aoc; viled ease. Mc cal. : lots of 250 aallona le leas. TUkfAil-NkV Xanka, bit; cases, bog gal lon. "WHITE LEAD Ton lots, 10e lb.; 500 lb. lots, lie; less iota, iitc per lb. UASOUNli Basis price. lWHc aea gallon. C1L MK A.L Carload lota. $34; lesa than esc lota, $&.fl0. DAIRY PRODUCE OX THE COAST Seattle Market. Seattle. June 26. (U. P.) Butter Na tire Washington creamery, brick, 28c; ditto solid psck. 26c. -Cheese Oregon triplets, 17c; Wisconsin triplets, 18c; Wisconsin twins, 19c; Young America, ;uic. Eggs Select ranch. 26c. Los Angeles Markets. Loa Angeles, June 26. tP. N. 8.) Bggs case count. -ve. Butter Freeh extra. 26c. Baa Traneiaos Market, San Francisco, June 26. (U. P.) Butter Extras. 24c; prime firsts, 24c; firsts, 24c. Kaica tixtraa. 25c: millets. 22c. Cheese California fancy. 15c; firsts, 12V4c COAST BANK STATEMENTS Portland Bants. This week. Year am, Clearlnga, Monday ... Clearings . 1,823,754,71 $ LS26.6S7.63 Baa Francisco Banks. $ 10.046,84a. 00 Xaootaa Banks. Clearlnga '. Balsnces Seattle Banka. Clearings Balances .$ 862.45S.00 S5.6SS.00 .$ 2,396.508.00 315,300.00 Loa Angeles Banka, Clearings $ 3,B6,191.00 San Francisco Grain Market. San Francisco, June 26. Barley cans: . June zo juae 23. Open. Close. Close December fl.SS $1.38 $137 ',4 B Bpot Quotations: Wheat Walla Walla, S1.65$1.67tt: red Russian $1.66 rai.2; TurKey red, $1.72 i.,7 Wuestem. $l.T5f?1.80. Barley Feed. $1.32 1.85: brewing, $1.3501.40. Oats WhJte, $1.48 01.60. MtUstuffs Bran. $27.00 27.50; mid dlings, $32. 00 33.00; ehorts, $30.00 31.00. Cherries Not Affected. Hood River, Or, June 2s. Satur day's and Sunday's heavy rain in the Hood River valley has not affected the cherry crop, J. K. NunamaJcer, the oherry king of Hood River, atatea today that the cherries were unlnjureu but if the rain had come about am week or 10 days later that tha cherries would have Buffered and probably large per- cent would have been cracked open and spoiled for shipping purposes. New York Cotton Market. Open. Hlh. Low.- Closfc January .1381 1393 17 a 1391 1828 1S31 1341 1343 1358 1345 1883 1388 134S 1344 Marcn . May . r;. 18.74 ...1390 ...1828 1377 1311 1313 1321 1824 133? July ... 1308 1 1314 1322 1824 1338 August .1834 September .1830 October .r..l$43 December . 1851 : Bains Help-Cs-op. Madras, Or'Juno 26. Thero was a heavy rainfall throughoot' all Crook and Jefferson counties the last t 24 hours and crop prospects ' are greatly Increased. Tha pjecipitatioa. . wa about one inch. .:',- Cooke Co. ' Stocks. Coeds. Cotton. Oram. ta -' , - gleVaiV Board at Trad Building. - DIRECT PRIVATE WIRES .TO .MX EXCHANGES ... ... ... - . .... ..-'y.'j .' v '-Members Chlraao Board af TradaVf ; , Carre pond enee of Logan A Bryaa,., .. Chlcasa, Ktv Tors. - Overbeck & .CENTRAL OREGON Hay Growers Are Holaing Back the: Jrafle Along Coast Alfalfa Men, Are Arising Several Dollars Ton More Than Buy ers Are Offering. NORTHWEST GRAIN RECEIPTS -Cars-a- Wbest. Barley. Fir. Oats. Hay. Oakland. Hon.. 10 Year siro. ...... ' as 1 6 4 1 3 2 8 11 1525 1ST 1126 2fi-i2 11T 1805 9025 8154 1 ..... 1 1 .... '6 6 627 431 2408 &31 .... b7 to S .... Aeasou to data. 10,443 i ear ago 10,6W6 Tiicoma, . Sat 10 Year ago . 14 Season to date.' T.1S0 Year ago 8.220 Status. Sat..., 5 Year ace is 1 5 12 17 Season to 'date. T.909 1466 2155 1128 4404 2434 12 4TS9 ar ago 7.1X 1141 Hay growers of the Interior are Dotting an effective brake en tha movement of new crop stock to tha markets. Most ot theas are ask ing several dollars a ton more for tbe alfalfa than u trade la at present willing to offer and aa present raqairamcnta are not beavy. the market is practically on a nominal basis. AS doubt that tba total crop of alfalfa In tha northwest will be a small oaa baa been dispelled by recent reports received, by Tbe Journal from leading ec-ctkms. While aome sections report s better eaop tbaa the average of recent years, tba general opinion prevails that tbe total output of tbe three states will be st least a quarter below tha normal. oats and barley markets are quoted steady to firm ia the Interior, but little business is abown at tidewater. Wheat market started strong and higher at Chicago, but soon lost its initial advance. Broomhall cabled from Liverpool that tba Wheat market opened steadier and further gained strength with less pressure of freights and firmer Manitoba offers. Spot doll but firmer, prloea unchanged, cargo market firm. Manitobaa 4Vx and winters 8d higher. World's shipments to United Kingdom liberal and miliera' stocks large, bnt freigbta again show leas depression and Indian and Australian of fers light. There remains, however, a very quiet general demand. FLOUR Selling price: Patent, $5.00: Wil lamette valley, $4.50; local straight, $4,406 4.80; bakers1 local, $4.00(85.00: Montana spring wheat, $5.80;- exports $4.304.50; wLole wheat. 86.45; graham, $3.20; rye uour. S5.05 Der barreL HAY Baying price: Willamette valley tim othy, fancy, $20; eastern Oregon-Idaho fancy UiLotby, (212Z: alalia $21(22. GRAIN SACKS 1816 nominsl; No. 1 Cal cutta ISc In car lots; less amounts are higher. ROLLED DA I'S U tO.0O per barrel. MILLSTUFFS Selling Dries: Braa 826.00: shorts, $29.00 per ten. kullgu . jsaklkx -selling price, U13I par ton. . While there was closing strength and an advance for wheat at Cbleago, tbe local mar ket was stesdy at unchanged prices. June oata ahowed s further advance or zse a ton on tbe Merchanta exchange, with barley down a similar sum. Mercbanta exchange June prices: WHEAT Monday Saturday Bid. Ask. Bid. Ask. Blaestem 86 102 86 102 Portyfold 86 .. 86 83 Club 83 . . 83 Red fife ........ S3 3 81 Red lianian. .... 88 80 83 8o OATS Feed 2625 2700 2000 2700 BARLEY Feed 2700 2750 2100 MILLOTCFFS Bran 2350 24W 2350 2450 Shorts 2650 2750 2650 2St0 Futures were quoted: WHEAT Bid.. 95 82 , 85 . 82 82 . 82 , 83 . 82 . S3 . 82 Ask. 101 100 81 81 88 89 89 88 88 88 2700 2;oo 2850 2S00 2450 2150 2750 2S00 July bluestem ... August bluestem July forty fold . . . August rortyxoid Jr.ly clab August 'club July red fife August red fixe July Russian August Russian PEED OATS Jely - .....2824 AUgUSI FEED BARLEY July 5725 August MILLSTUFFS July bran v v.,....2350 August bran .....2350 July shorts 2650 August aborts 2650 Early Market in , Chicago Is Higher Chicago, June (L N. S.) Rains in scattered sections) of tba southwest caused some good buying whoa the grain pit opened today. Wheat prices made fractional gains in the first hour. Tbe bulls operated on strength of the possible crop delay from rains. Nebraska and Kansas received most of tbe moisture. The entire market acted stronger after last week's drastic liquidation and for eign markets were slightly Improved, accord ing to cables. Tbe factors censed a strength ening tendency In values, with upward re actions. September wheat Was highly irreg ular. Profit taking on tba bulges by thoee wbo think the foreign demand la not suffi cient to bold prices had a depressing Influ ence. Cora advanced In tbe first boar, but sold off to Irregular trade ia tha succeeding period. Some abort covering when the pit opened caused the early tone. General sentiment far vored the selling aids. Oats wera featureless and continued to fol low tbe action of com. Range of Chicago prices furnished by Over beck a Cooke Co., 216-217 Board of Trade building r WHEAT High. Low. Cke. 101 1004 101MA 104 Z 1044 A 107 H 100 107 U B COBN 74 T214 73HB 72ti Tl 72'vaB 2 em ei -4 a OATS 89 88 39, . Ss. SSVs 384B 0 SVls 4o A PORK 2470 2447 2475 A 2400 2412 21U7 A LARD 1317 A 1210 1323 1320 B RIBS 1377 1870 1370 L187 137T 1377 B Open. . ioih .- 104 . 100. . fl4 . sett . 8s - 3i .2472 .2445 .1312 .1325 July Sept. Dec. July Sept. Dec. July Sept. Dee, July Sept. July Sept. July Sept. ...1375 ..U272 Commences .Serving 200-Day Sentence Peter T. Balorica Zs Convicted of the Theft of Tools, After Hearing- la the Iffunlcipal Court, . - . Peter Y. Salovlch, until laat Triday an employe of the Willamette Iron & Steel Work", begins today a sentence of 200 days in Jail aa the result of a conviction by Municipal Judge Lang- futh on a-charge of stealt.ng tools. BaioncB was specincauy cnarsrea wiin i steallns; a case of tools belonging to C.. J. Rlchey, 146 H Grand avenue, the theft depriving; Richer of his liveli-i hood. . .- . : Auto Speeder Will f 'Serye a Day m Jail Xbnard Pranseea aaxnlts Bunnlngr Car - at xtata of ZS Mileg aa Sour oa the - JUaatoa XoadL ' ..' ' " , ... "Leonard.?! Kranseen. 10 v Division street: will sot only pay a fine of 2 for speeding his automobile on the Linn ton road Saturday night, but-ha will serve one day in Jail ior th"of fense, Franseen pleaded guilty in the municipal - court ' this- morning : to a speed of 25 miles aa hour.r : ' Edited by . Hyman H. Cakea A FIRMER TONE WOU !E Trade Does Better ..With a Smaller Rnn " Than Expected, at North Portland Few Toppy Cattle In .Sight Mutton About Steady. BALI OF HOGS AT 18.80. Whiis' Js.f.5 was considered tbe general to for best hogs at aorth Pertlaad during the day, a Bale of one lot waa made atl$.80, tbia indicating additional strength. PORTLAND LIVESTOCK . RUN Hogs. H0I1 MARKET HAS ADM PRICES Cattle. alve. Sbeep. 4oS 8 life 14 8 820 438. T2 833 86 2 1572 64 6 1742 152 4 489 1033 86 2940 1103 17 187 1622 16 43H0 5b6 56 823 Monday .. Saturday Friday .. Thursday Wednesday Tuesday Week ago. Year azo. 2203 . 230 -104$ 769 874 304 - 3631 8660 Two years ago 38ST Three years ago 1S58 Disappointing run of - boea in tha North more Portland yards over Lunday created hullUh trade In tbe local market for tbe week's opening and advances of 6310c were generally quoted in early prices: The extreme low prices quoted at etiaat points during last week caused many ship pers to withhold their supplies from tbe mar ket and the firmness In tbe trend of the trade during the day resulted. - General hoar market ran-: Choice light weights Good light weights.. .$8.1508.25 . 8.00 S. 10 . 7.5027.75 medium weights , Rough and beavy , Good Cattle Are Ecaros 6.757.O0 While there waa plenty of poor and Indiffer ent quality cattle available for the trade at the opening ot tbe week 'a trade at North Portland, real toppy stair was scarce. Tbe market Is considered about steady for good stun with pressure exerted against tba com mon and poorer grades. treneral cattle market range: Choice grass steers Ordinary to common steers Choice cows Ordinary to- common con's Choice half era Ordinary heif era . ; Cholcs bulls . Good to fair bulls Ordinary to common bulls.. Best Jlgbt calves Good calrea Mutton Market Steady, . .$T.!Hxa7.75 .. 6.00Q6.50 6.25 .. 4.00(!j5.50 .. 6.50C75 6.23 6.on .. 4.0094 50 .. 8.0043 60 8.00 .. T.OOS7.50 At the recent lowered prices, tbe market for mutton and lambs was just about steady at North Portland during tbe Initial day'a trad ing of the week. The situation ia now entirely a sea tunable affair and liberal supplies create weakneaa and low prices. Select spring lambs .$8.25(88.50 Best yearlings 7.00 Good to common wethers 8.2S (96.60 Beat ewes 6.00S5.23 Good to common ewes 4.23 a 4.50 Monday Livestock Shippers. Hogs B. C. Davidson. Canyon. Idaho. 1 load; William Dnby, Baker, 1 load; Farmers Meat marker, Wallowa, 1 load; J. W. Chand ler Union. 2 loads; J. I. Hackett, Wallowa, 4 loads; Mundy & Johnson, Union, 2 loads; w. a. isvans, umamia, 2 loads; w. w. l.wyd, Baker, 1 load;vK. N. Stan field, Umatilla. 1 load; Sam Woodyard, Gilliam, 1 load: IL L. 8tantteld. Morrow, 1 load; C. C Clark, 1 load; A. F. Knox, Josephine, 1 load; H. G. War tin an, Jackson, 1 load. Cattle Dodd & Remple. Canyon. Idaho. 1 load; Dlekerson & Halley, Washington, Idaho. 1 load; Harry Benson. Baker, 1 load;.W G. Welch, 1 load: Dlx Rode. Union. 1 Sad: Pendleton Meat Co., Umatilla. 1 load; The Dalles Dressed Meat Co.. Sherman. 2 loads: H. Hardman, Gilliam, 1 load; H. 6. NeaL 1 load; H. C. Stoneman, X toad; George H, Jacobsott. Sherman, 1 toad; -Coreman Bros., 1 load; Thompson a Gentry, Morrow, 1 load: H. P. Pbllippi. Sherman. 1 toad: George Kohl- hsgen. Douglas, 1 load. 4V Sheep L. W. West, Douglsa, 2 loads; W. M. Dourlng, Marlon, 1 load; Todd Dougb- terym, CmatUla, 2 loads; Ed G. Shown, Gil liam, 2 toads. Mixed stuff Gourley & Norwood. Linn. 1 load cattle, calves and hogs; L. L. Miller, Douglas, l load cattle and hogs; Dan Taylor, nasco, 1 tosd cattle aud bogs. , Monday Morning Sales. STEERS No. 11 steers 24 steers 2 steers 1 steer . 1 steer . 1 steer . 10 steers 0 steers 11 steers 1 steer . 1 steer 2 steers 18 steers 9 steers 90 steers 1 cow .. 8 cows -1 cow .. 1 cow . 1 cow . . S sows . 4 cows . X cows . 4 cows . 20 cows . 8 cows . 1 cow . g cows . 25 cows 2 cows . 1 cow .. 1 cow .. 2 cows . 2 cow .. 1 stag . 2 stags 1 stag . 2 bulls . , 1 bull .. 1 bull .. 3 balls . 3 bulls . 1 bull .. 1 bull . 2 bulls . 2 bulls . 1 calf . ' 2 calves 23 bogs . 27 bogs . bogs . If bogs . 8 bogs . 1 bog .. 1 bog, .. 1 bog 1 bog .. 89 bogs . 105 bogs . 79 hogs . 8 bogs 8 bogs . an nogs Ave. lbs. 12M lies lOOS 910 ..... 6T0 ..... 420 net 81 1170 120 .....1450 1185 i03 ...... t7S 870 nog 1083 870 1320 1180 1070 775 1060 980 9S4 1178 1O20, 1008 998 101 S 1280 11B0 1080 980 Price. 88.83 8.75 e.tio 6.00 4.00 8.00 7.60 T.50 7.10 7.00 70f 7.00 7.00 6.2T 6.10 COWS 16 00 5 73 6.00 6.00 4.50 400 8.60 86.60 8.25 8.25 ,8.00 'e.oo B.ftO 6.50 6.00 6.00 6.00 8.00 . 2.00 STAGS ..1270 . . 1 170 ..1740 . .1415 ..1280 . . 790 . .11U . . 8i0 ..1R40 ..1.V.W . .1485 . .1480 .. 170 .. 230 . . 220 .. 1X1 .. m .. im .. 403 .. sto .. 410 .. 470 . . 420 .. 200 .. .101 .. 2) .. 172 .. 225 . . 1S2 .. 350 .. 4W .. 3H9 .. 470 .. 351 $3.00 86.00 3.76 84 .50 4.00 4.00 8.50 8 K 6.00 4.50 4.10 8-73 87.50 6.65 3a.5 S.15 8.15 8.13 7.25 7.28 7.23 7. IB 7.18 S.2S 8.25 8.20 8.16 8.13 8.15 7.25 T.2S 7.20 7.15 7.15 BULLS CALVES HOGS , l nog , . 1 bog 1 hogs 1 bog , 8 bogs ; Boycott on VT. S. Bacon Urged. Chicago, June 26. A cable from Georg-e Broomhall. the foodstuffs au thority of Wverpool, says that the newspapers of England are agitating for a boycott of American bacon,-: Tbey Claim that American packers are hold ing up supplies although at present Liverpool stocks are large. Market Your Seattle Union StcckYartfs I-Beit Market in Northwest ' : ";, , Prices 15c (o 25c higher than any. other market on the Pacific Coast, because it ia tha only yard in th United States not controlled by the trust. It U clearly, to your interest to patronize true competition.' ! ; ' Mexican Situation Causeof Selling V New. York. June 26. XI. !.' The' wn aerlsractory aspect of tke afeztcaa sitBstton aad the apparent weak technical position ia many of the Snd'oetrtal issues precipitated as attremely cooservatlva feeling la the. open stock market today. First boor sales amount ed to 170,800 saieraa. bnt trading waa not well scattered through tba 11a t. j . Tha rails aa a whole were extremely dull during the first hoar, bnt reading onutlnocd under apparent liquidation. Belling down to 86 at first from Saturday's close at 88. The steel leaders opened firm, but sold off to fairly aettva trading. Coppers wera up aad strong at the opening, bat a slight reaction set valnes hack la the initial period, after which value were Vary Irregular. There waa considerable activity ta the standard industrial and specialty stocks aud aside from soma technically weak issues, tbe undertone daring selling periods was strong. Mexican Pttrolaunk was heavily Uo.ni; dated around SO tn the early tnaikats. Dsrrintloo ) Open H iaa 1 totr i Oo Alaska Goal A ills Chalmers, e Allis Chalmers, pfd... Amer. Beet Sugar..... Amer. Ou, a......... Amer. Can, pfd Amer. Car Tdy.. e.... Amer. Cotton OU. C... Amer. Linseed, e..,.'. Amer. Linseed, pfd.., Amer. Loco, e . . Aaoer. Smelter, e Amer. Smelter, pfd... Am. Tel. a Tel. Amer. Woolen, e. . . . . Anaconda Mining Co.. Atchison, c. ......... Atchison, pfd Baldwin Loco, e ..... . Baldwin Loco. pfd.... Baltimore a Ohio. ... Bethlebem 8teeL c... 19 S3H 60 V. 109 66 a . 19 K 44 5 o i 4 131 V, 130 so4 77 IK8H looa to ssu R7V4 442 43 Bethlehem Steel, ofd.. Cal. Petroleum, a IT 17 si Canadian Pacific Central Leather, e 178 174 00 oo 69 80 Chesapeake a Ohio.... O. A O. Western, pfd. C. Mil. A St, Paul... e Ohleago N. W ... cnino Coooer Colo. Fuel a Iron, a.. 39 "A Consolidated Oaa 133 Cora Products, c Corn Products, pfd.... uneioia steel, c D AK. G., c D. A R. G Dfd 7714 78 ao' Distillers 43 85S trie, c. Erie, first ofd........ General Electric Goodrich Bubber Gt, Nor., ore landa... Gt. Northern, pfd 74H S&1A Greene Cananea.-, .... 86 Htde a Leather, c 10U! 61 Hide a Leather, pfd. ice secunues Illinois Central .. Industrial Alcohol. Inepiratiosi .. c ......... i Kaaaas City Southern, c Lackawanna steel,.... Lehigh Valley Louis, a Nashville Mexican Petroleum Miami Copper M.. K. A T. , c Keanecott Copper..... Missouri Pacific National Lead Nevada consolidated... New Hsven 92 34 1 4 New York Air Brake.. ISO's New Xorfc Central... N. W., c Northern Pacific Pennsylvania By Pittsburg OoaL c P. Steel Car. c 104 11 "8H rv4 Ray Cons. Copper.... Railway steal Springs Heading, c Beading, lat pf........ luwobiio j. s.. c... Kepubue I. a a pf.. Bock Island... Shattuck ...-... Stare, Koebuck A Co.. Stodebeker, e Stndebaker, pf Sloae Sheffield Southern Pacific Southern Railway, c. . 107 22 St 28 133 138 134 91 222 87 96 214 66 Southern Railway, pf ., 07 iena. uopper 4-AJ ! Texas OU 183 lexaa racinc I Third Avenue I 67 H Union Pacific, e 1 188 V 6714 136 Cnioa Pacific, pf 1 83 u. s. KUDoer, e I ox 62 U. S. Bubber. of. U. S. Steel Co., c... 8414 84 1174J 82 U. S. Steel Co., pf 117 Utah Copper J 78 117 10 8S Virginia cuemicai. c. 4U W. U. Telegraph I 9S 924 wesungnonso nuectnei bh Wisconsin Central 1 Woolworth 136 Cigsr Mfg 186 ToUl sales C65.500 shares. AMERICAN LIVESTOCK PRICES Dearer Hoa-a 88.80. Denver. June 28. Cattle Receipts 8400, steady. Beef steers 88.50ai0.00: cows and belters, 8.758.25; stock its and feeders, 38.60 vro.au; caives, av.uvdjii.uu. Hogsfceceiprs 1000, lOe higher. Top 89 00; UUJS. BW.VSU.PU. Sheep None, unchanged. Seattle Bora 88.80. Seattle. Wasb.. June 28. IP. N. 8.) flogs Receipts 104S, steady. Prime lights, 88.40 68.60; medium to choice, $8.2568,85; smooth K lu ft OKAO AA. t 1 . " . . ijw; pigs, ai.xosja.uu. Osttle Receipts 812, eteady. Beet steers, 87 .50 48.00; medium to choice, 7.0O7.28 MifflOWD tn mMflnm. SA.Ktfra K . m 86.26d.75; common to medium' cows, 13.24 a.,a; ouiis, s4.oo(04.dv; calves, f7.00QS.0O. Sheep Receipts none, steady. Lambs I7.754J a.vu; yearungs, bo.ooZ7.vv; .ewes, 3.UVS.&0 Chioaro Hoga 810.06. age June 28. (I. N. 8.) Hogs Rs 33.000. strong. 10tl6c sbove Ssrurdsv's Chics celpta arera rage, eois iv.npi.w; lignt. f.HOvr.w edl 80-509.80; beevy. 89 35310.06; rough t5A9.56: Diss. 37.80419.20. mlxe 81 fit. 35&0.56 Cattle 18.000. firm. NsUvs beef cattle 8T.auiflill.40' wMtom .tA-r. tutme stockers and feeders 88.7638.75: eewa and heifers, 83.75S9.75; calves. 88 .50 3 12.00. Sheep Keeeiptv 16.000, weak. Wethers, 87 (s.ou; lamos, fi.no.sv; aprmga, gS.OOQ ii.ov. Kansas City Hoars 89.88. Kansas City, June 28. I. N. g.)Hoga neceipis ii,vw, nigoer. uix su.oogM-t: heavy, 8J.70i&9.R5; packers snd butchers, 89.65 S9.T6; light. 69.8009.70: Digs. 88.60fiZ8.76. Cattle Receipts 11.000. steady. Prime fed steers. flO.23Q10.76; dressed beef Steers, 88.00 (piu w. western iers, fM.ouio.eo: stock en and feeders, $8.7569.00; bulls, 83.75&3 caWes. 86.50ail.00. Sheep Recelpta 12.000. eteady. Laaba $8.50 vjii.eu; yearnngs. aT.scxas.oO; wethers, 86.23 (.. - IA. - -. J AAA 0 AA n.wt .ww, ev.w(i r..vu, Omaha Haws 89.78. Omaha. June 28. (I. N. .) Frogs Re- eeiats iuud, aignar. neavy, s.0(at.7S; Hgbt, f9.IO9.80; ps, S.OOa.00; bulk of sales, 8f.50ffi9.63. Cttle Receipts 8600. stesdy. Nstiv steers 87 .25Q 10.90; cows and heifers, $6.75Q.75; western steers. $7.6069.29; Texas steers, $7.00 fea.OO; stockers sod feeders, $8.76(38.73. Sheep Receipts .8500, steady. Yearlings, $7 ti.73; wstners, sa.io$.T.; lambs, sa.gotj St. tenia Hogs 810.00V ; St. , loum. June j, s.i Hogs - B500. higher. Pigs snd lights. $8.OOr0.9O; Hiiieu asm wicjisn, sw. juccfeio.uu; soon aasvy K.9oeitt.OO: bulk. t9.7Seo.85. Cattle Reeeipta 6000, steady. Native beef steers. i.o)ii.oj yearling steers and heif. a SO KAll ttK. , . - ft. uu;, u. -. l and feeders. $5.SOSH.50; soathera steers, 85.60 tie. 90; prime yearling steere and heifers, $S.75 10.25; cows aad beifera, S5.00Q3.00; prime scamern sxesTa, aif.vuio.w; native ealvea, 8d.0OAl2.00. Saep Receipts 4500. steady. Wethers $8.00 VXB-wu; eiippea ewes, sa.ooejia.oo;! clipped ism oa, sa.usxu.vv; spring tamos 91.Wlii-o6 - Liverpool Cash VHieat. ; Uverpool. Jfua 38. (I. If,. R.) Wheat npox no. a staaitooa, as lie;. HOj z, s 9d No. 3, Ss 8d; No. 2 red srestera winter. wm wa. . - - . . -v .. ....... Stock Through Finance-Commerce --Industry School' Board to" Retire Old Albina Bonua July 1 New Vorlc i Jjaaks Vant to Continue Old Arrangement April Itevenoe of All Bailroads Show Average Increase of 27 Ier Cenf. ohool Bssrt VOl Fir Off AlWu Boada... On July 1 the board of educa tion will retire 110,009 of the nlty of Albina, IS year, per cent bondg. This 1 in accord with the board's cuato- i mary - practice, according to School j Clerk Thomas, to decrease all bonded obligations as fast as they mature. It is not generally understood. It Is be-' lieved, that no obligation of the board: Is Allowed to run for a longer period than tea years, la order to do this the school board baa for a number of yearn arbitrarily, set aside 880.000 an nually from ltg funds to meet ma turing bonds. It bas no special au thority at law to do this. It Is de clared. The action has been taken aa a device of preparedness. An exception, of course. Has been made in the case of the city of Al bina bonda. : That ' has been because they were of the fixed maturity ot z years ana could not be paid off be fore. All other bonds of the board have optional maturities after ten years, and are taken up aa fast aa they can be paid off. Vw York Banks Want to Hold Business, Letters from eastern banka to their Portland correspondents seek ing; a continuance after July 15 of the business relations that have prevailed up to thta time have already been re ceived by the local Institutions. In effect, the New York banks say that In order to maintain the accounts they have carried for so long they will not collect their Items free through tha federal reserve bank. They will be glad to continue the business on the old basis of paying a reasonable col lection charge on Items collected for them. A statement has been made that the New York banks expect to gain busi ness rather than lose It under the new order of the federal reaerve system. The clearing house has appointed a committee to see how the New York institutions will be affected. As col lections from country banks within one day s ride of New York are col lected free 'by the New York clearing bouse and the reserve bank would Im pose on each item service charge for collections, the clearing houae banks expect at least that much advantage over the federal plan of collection ot checks. April aevenne of BaUroads xacreases 87 Per Ceatv Accotdihs; to the reports made to the Interstate Commerce commission, the net revenue of 185 railroads of the United States for April, 1816, was $88,514,015, compared with 864,054,823 for April, 1815. an in crease of 834.459,892 or practically 27 per cent. A summary of the earnings and expenses of 145 railroads having an Income monthly of over 31,000,300 for April and the excess of that item over the showing for the correspond ing- month of last year is given in the following table: April: 1818 Increase 44.1HM.819 22.547.042 21.031.877 Oper, revenues ..$ 253,502,044 Oper. expenses 171.so3.MZ 81,008,102 Oper. Income Ten montbi : Oner, revenues .. 2.621.880.8 850.773 "fit Oper. expanses .. l.ttl.2S.357 119.179.399 uper. income .... 800,737,031 231)03,866 Fire Tsoss increases 40 Per CenL For the first five months of 1918 fire losses of the United States aggregated $113,52,920. This compares with $81,- 497,050 for the corresponding period qf 1915, an Increase ot $32,031,870, or 41J per cent. For May. 1918, the total fire loss of the country was $16,973, 500, compared with $11,888,450' for May, 1816. and $16,607,800 for the same month of 1914, The fire loss of 1914 was considered unsually heavy. but 1916 Is beating this record. Bank Iretter BnauaarlsM Canadian Fishing; eaeoa According to the June Memorial in Honor Of Late Fire Chief SerrioM Held This Afternoon at Hive. view Cemetery David Campbell IVost XAfe ta Big rire rive Tears Afo. Memorial services for the late Fire Chief David Campbell were held at 2:30 o'clock this afternoon at River view cemetery, the service being tn charge of the trustees of the David Campbell memorial fund. Five years ago today Day id Camp Stocks .'. Bonds .'. Mortgages Securities' Offered Morris Bros., Railway Exchange Bkag. GOVERNMENT and We offer a selected list . of high-grade if general A 1 sTL market" bonds suitable for permanent or temporary 4'V2I70 investment, , , ' - to 6 Imbermens Trust Company ..... mraownnens pias ruth and Stark! 1 1 Halsey ' 215 Railway Exchange BuadinfPortlanA, . Naw York . Saa Francisco Hill &C0J Pnona LenrU Bids, Amantnts as small a $100 xjsty be. invented thronglt as, and sack STders receive as careful eoaaideration as thosa for larfer sums. Clark,Kendall&Co. 0 205-206 Nortbweatem Bank BIdf . -PORTLAND, OREGON 4 ! REAL ESTATE MORTGAGES AND BONDS BANKERS 11 MORTGAGE CORPORATION Titla and Trust Bldf. Portland, Oregon. . it ! letter of the Canadian Bankl 'of Corn : . merce, "British Columbia pa Ok era last - . year produced 1.113.1 Jl oases of sal mon and this year the output will be approximately the same If ; conditions ... are normaL Ia May the temperature was low and should It continue to r main so, the run would bp adversely affected. Stocks are very low In the" i United tales and In Great Britain, In 1 consequence of which prices) ! Show ; an i upward tendency. Contracts tor Brit- am have been made on an unusually large scale. Canadian vessels; unload , ed 18,031,165 pounds of halibut at BrlU tsh Columbia ports last year and Unit ed States vessels, 11.000.000 pounda. : Borne difficulty la filling orders.. has bten experienced, owing, it Is feareur to depletion of tbe waters adjacent, to , the British Columbia coast. ithe .cause of which la being made the Subject 'of Investigation. The pulpwood, pper $u4d -lumbering industries are steadily ! creasing their output, owing to the ti- oraaslng demand from the,! United SUtes, where the shortage of paper Is particularly pronounced because of H bor troubles in -Norway, and .the dllt floulty of obtaining tonnage. jThe tw ports from Norway are a considerable factor in the United Statea market aUd will be further curtailed though con sumption Is increasing. On the Paclllo coast the lumbering business Is actlfe and prices are firmer. Rates fer ' ocean . shipments have declined and shippers are holding off for better -terms. The British Columbia! legisla ture has authorised the government to advance 66 per ' cent of th cost of constructing wooden vessels. In eddi 2 tlon to granting a bonus ot $5 per ton ' upon certain conditlona ' Advantage j r has already been taken of this leg 1 ialation. . :. ;"j H ';i i. St. Paul's ParUolpatloa Certificate Han XjevaUsedvThe right of the citr of St. Paul to realise funds from Its municipal bond Issues by the sals of 7 ,.i,k. participation certificates was llsbed by a vote of the people at the recent city election. The city (treas urer will therefore continue t receive money on deposit, for which be will pay . 4 per cent Interest, and against i which he will issue certificates gtat ' ing that" the deposits are secured by ' an equal proportion of regularly, issued municipal bonda The certifl- ' , cates are redeemable at any time St -par and Interest to data i j j : T - 'V-f The city has been engaged: in this , :i plan of selling Us own securities since j July 1, 1918. There was no exact le- , gal status for 'so doing, but: the city! attorney's opinion favored the Idea, Up to May 1 of this year tbe city i had received total deposits of $4,399.- j S80 under the plan and on that date - had $1,074,790 outstanding in ihka way. h The grand Jury reported that the act i of the city had no legal standing. A ' i run on the city's deposits followed j and there was over $850,000 of the to-', j tal deposits drawn down. The right i of tbe city to engage in this business ' was submitted to a vote of 'the -ped- pie. It carried by a three fourths vote. Immediately tbe deposits flowed wi back to the city treasurer. In a short time tbe total will be up to its old standing. ' ; jj jj ; . '-T . An unfortunate part of the record 1 of the plan is the statement j Of the , foreman of the grand. Jury I j which stated that the plan had Ao legal I standing, that the city was mot re, i sponsible for redemption of the cef tlflcates, and that tbe institution the ! city had set up was a dangerous one, was a banker. A phase of the eartv ; palgn against the plan were large ad- vertlseroents carried In the daily) pa M pers signed by bankers and!: business i men. ' . . .'lijl bell lost his life in the Union oil company fire, and each year since then memorial services have been held, I ' The trustees of the fund are At O. Long, John F. Carroll, W. T, rPangle, C. A. Blgelow and Michael j tauden- Smaday. ' . ' r 10:02 p. m, A. C. IMper, tin Shop. 498 Alder street, sal-arnmonlac fumes. ' NO fire, Monday. No fires. 31 by Portland Houses k TAX BONDS issued by the moist sub-' stantial commimitifs of the Pacific Northwest, - . n in. -- RAILROAD BONDS Municipal ; and . li I " i - Corporation Bonds. J. Cbicafo Investment Bonds Preferred ; Stocks Local Securities Mar. 656 'S .' ; "J l.ijs''V- Hlgh-Crade MunkrpsJ ., and School 1 I BONDS. ' Yiaidins; 4uFt Itfc Pf , Cemtv i f Suitable) for Institutions ' ar Private Investors. " Oar Farni had Bonis Approved try i tba ' StsU for tka Investment of Savings 'Bank Deposits. ' ' Capital Send for Bookletl $500,000 1 "Better Investments. ... II jj W PORTLAND FIRE RECORD H j ! i. I Ko.