The Oregon daily journal. (Portland, Or.) 1902-1972, January 13, 1917, Image 13

The Oregon daily journal., January 13, 1917, Page 13, Image 13

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Newspaper Page TextTHE OREGON, DAILY JOURNAL, PORT LAND. SATURDAY, JANUARY 13; 1917 13 1 OREGON CHEESE TO BE SOLD -IN THE EASTERN MARKETS Edited by firman H. Coken POTATO MARKET NOW SHOWING CALIFORNIA ME CALL; IS EASIER Southern Stat Would Try to In f loence Trade Here But Other Sections of United States Are Bidding Wildly for Stocks. While buyer ere reported aa paring as btgh M $2.10 per cental for toother limited supply of extra fancy potato:, with the regular price for fancy at f2 at country points, there are In dlcatioos of ma easier situation, although thla ' may be a temporary affair. Adricee from California are to the effect that tbe price Is gcng to an extreme mark. in! that consumption will tie greatly curtailed. Whether the California market will be atrong enough to Influence tbe price here remains to be spn. In normal aeaeona the southern trade baa much to do with Oregon and other north west potato values, but the demand tnis year Is ao wide being spread all orer the United Btates that there la some question as to .whether tbe 'nv)ng of weakness In Call torn Is" will Lars any depressing effect here. In the meantime there continues a rery lib eral demand (or potatoes from other sections of the United states, the east and far south being constaut bidders at extreme values now In effect. Europe Is Bidding tor Wheat Supplies In the Northwest Keen Demand Shown in the In terior for All Sorts of Stock; More Ships Are Coming. WHEAT RTTXX8 HXGKEB. Wheat bid for January delivery were ad vanced l2o a bushel on the closing day of the week on the Portland Merchants' exobange. With the exception of bluest em, whicpt stands the same as ea Thursday at $1.65, the various varieties closed the week at the highest bid. January oats bids were showing a recovery of the loss of S5o mad the nrevioua dav A ale of 100 tone February was made at 138.76. January oaney mar were firm at vnchange4 figures. NORTHWEST GHAIN RECEIPTS Cars Wheat. Barley. Fir. Oats. Ilav t'lmana. pat.... ja Year ago 17 . Total thia we,k.. 78 ear ago 124 Serson to date.. &f Year ago HU21 Tttcoma, Friday . . 9 Year ago 12 Sea Kin to date.. 4&1J Ytur ago otM4 (Seattle, Friday.. It Year ago 11 tieaeou to date. . 3664 Year ago Iwu TILLAMOOK CHESE IS GOING TO THE EAST; CARLOAD ILL MOVE Initial Shipment Will Be Made in Coming Week Some Stocks Said to Be Going to EuropeGrowing Output Means Wider Sales. Strength Continues In Livestock With Curtailed Supplies North Portland Market Is Firm for AU Offerings Future Out look Favorable. PORTLAND LIVESTOCK RON Hogs. Cattle. Calve Sheep. Oregon made cheese will be sent to the At lantic seaboard for the first time daring tbe ecralng week. In fact, the shipment Is ex pected to be followed by additional supplies Saturday , Friday Thursday ....... weancsoay Tuesday Monday Week ago Year ago Two years ago. . . Three years ago. Foot years ago. . SIO 414 . S72 . 183 . 143 .4S . 407 . 14 . 192 . 203 . 61 S4 80 1S4 ... 81 T7 1973 673 'ii in 1 49 s 601 1208 SO 11 48 41 1 t 4 2 I 1 13 , 2 4 60 77 108 I 14 44 10 42 ( 124 962 14-S9 13C4 I J2&4 ytiS 781 13U2 1 1 4 1 11 110 .... 230 1317 I 46o - 1406 : .... S 3 5 ! IT 6 6 32 : Pf7 677 973 252 1 1203 1437 (m 2ali ' There was a small run of livestock at North Fortland at tbe week'a end. bnt reneral trade during the remainder of the season. The first conditions showed practically no change. Hogs were again steady to firm, with sales around S10.40 for ordinary tops. Ocuera: bog .anae; " Heavy packing tlO.SSOlO.M Heavy batchers 10.23910.40 Light 9.6041 10.00 Kuagh, heavy 9541 9.79 Fig 8.30(3 9.23 Blockers 8.001 8.23 Cattle Trade Is Waiting. There was a handful of stuff la- the cattle division of the North Portland yards over Some of this cheese is said to have been sold to Europe, bat tbe local trade has been enable to confirm this. I'p to a couple of years ago Oregon Import ed each year liberal stocks ef Wisconsin mana factnred cheese, but since then tbe local trade has been entirely taken care of by Tillamook and Coos Bay manufacturers. Now tbe output .-tf rhpse here Is -rrnwlrir so fast thiifr triril. fa!! Sf 'j ' non,,, markets mast be secured to take care of SPRUCE EMBARGO IS DETRIMENT CLAIM OF LUMBER INTERESTS Are Unable to Say Whether British Order Means Just "Silver" Spruce or the "Sitka" of the Northwest Manufacturers Meet. THE EGG MARKET IS FIRMER firmer tone 1 showing in the egg trade along the wholesale way, with slightly higher prices ruling. This Is due entln-ly to th better demand for fresh offering od toe sull holdings of storage goods Sb.es of ease count st 35 Vic SALMOX SELLS VERY FASl A large shipment of AKifka King salmon re ceived here was quickly dianofed t.f at 18c a pound, the highest price ever known here ex cr pi at tbe start of tbe season for one or two fish. Halibut is firm. . ONION MARKET NOW FIRMER Pinner tone is showing lii the oulon trade. It Is stated that some purrhatea of small 1 t were made at a hlglu-r price. The weekly meeting of the Conledersied Onion Growers' association will be hell this afternoon. APPLE TRADE IS VERY SLOW Very slow trade is showing la the apple market, even the nver stuff finding little call ac the momi-ut. 11) Is lit due to tbe fact that mcen inferior stuff is bli.g dumped here. COUNTRY MEATS ARE HOLDING While In some quarters slight weakness 1 Indicated, In general the market for country killed meats Is showing a favorable tonr,. Hales of veals are still reported as high as 13c, but tbe bulk of the tops are moving at 1VjC. BRIEF NOTES OF THE TRADE Dressed hogs firm and active at l&c for tops. Chicken trade remain favorable at forme: prices, . Carload of lettuce and celery doe from the south Monday. Itutter market Is showing a stesfly tone. Wool situation remains strong In the 5?- SHIPPERS' WEATHER While there was an easier tone in the Chi cago wheat trade at the start of the day'a tiadlng and vulues were fractionally off, the feeling In the Pacific northwest markets con tinues good. Buying by the east and central west remains favorable at Interior points and jralues are bowing a further fractional advance there for spot delivery. Reports Indies te that there is a liberal amount of export business available here and that additional ships will be sent to Portland by the .British government to load supplies Wtlie suin reports are denied by some of tht cxiwrters. the fact remains that practically all interests are keen bidders for supplies. Flour trade la showing a dull tone, although the market is vury strcug with advanced prices drawing near. Coarse grains continue firmer in the Inte rim than at tidewater. PLUCU Selling price: Patent. $8.20; Wil lamette valiey, el.iu; local straight, 7.40 7.80; bakers' local. Js.tOiib.iX), Montana Hiinig, $u.2o; export, S7.13; whole wheat, ?.-o; gruuam, d.2U; rye floor, $3.75 pu barrel. HAY Baying price, new crop: Willamette valley timothy, fancy, J17.00; eastern Oregon- luano lancy timothy. f22.i0; alfalfa. gll.uo; valley vetch, $14.00; ilieat il4.w; clover, (12. UitAIN SACKS 11) IS. nominal; No. 1 Cal cutta, lliillHc in car lots, less amounts are bibber. MiLLSTUFFS selling price: Bran. 828.501 Shorts, y.OJ.bO. kuuisu OATS ft .5018.00 per barrel. ROLLED BAKLEY l4i.0Uttt-t4.O0 per tnt. January bid prices on tbe local Merchants Exchange: WHEAT, trl. Tbur. Wed. Toes. Mod. 1817 the surplus. During the present season sales ' night. The trade, while firm, indicated a wait. were made as far east as the Rocky mountain country. Tbe sending of cheese supplies from Oregon to the east Is expected to hold the trade rather steady here. Creamery Managers Will Meet at Salem Call Issued to All State Managers to Discuss and Take Action on Mutual Problems. - Sat 1017 118 Blueetem 163 103 Fortyfold 100 103 Club 15S 100 Red Russian 163 98 Feed 8S30 2573 183 153 153 184 1GS 158 158 156 150 154 154 OATS. 8625 8030 8000 BARLEY. 18S 164 157 157 154 151 158 154 152 8650 8600 Feed 8S30 2623 8600 Futures were quoted: WHEAT. 88AO 8000 8000 Weathir bureau advises: Protect shipments daring the next 48 hours as far north as Se attle against minimum temperatures of about 8 degrees; northeast to N;oaaut 15 degrees; southeast to Boise, 2 degrees; sooth too Ash land 30 degrees. Minimum temperature at Portland "toulght about 30" degrees. Febrnarv bluestem NOTICE February fortyfold rtnruary club rebruary Russian FEED OATS. February FEED BARLEY. February JOBBING PRICES IN PORTLAND These prles are those at tlca wholesalers sell to retailers, except as otherwise stated: Dairy Produce. BUTTFR creamery prints, extras, 88c; prime firsts, 86c; firsts. SoMic; cubes, lc less, cartons, lc advance. B CITE 111" AT fortune delivery No. 1 sour cr. Dl. 3c; No. 2, bnc. EUU8 Selllu ..rice: Nominal ease count. BSVjC; buying price, 34(U5c; e.llng price, candled. oUWiSSSc; April Horage. 303J3c. LlVhl l'OLLl'itl liens, beuvv 1'lj muuth Porks. Hliinhf; ordinary chickens. 10c; stags. 14c: broilers, under . lbs., zuc; turkeys, xuc dressed. fancy. ZZGiMc; culls. lSM'-iOc; sunabs. gi.OO dosen; geese, live, 12'c per lb.; 1'ekln ducks, young, ioc lb.: Indlau liunners young. 16c: old ducks. 1C in.; pigeons. fl.UO dozen Bid, . 106 . 161 . 100 . 150 .8673 .8000 For the purpose of eliminating any antag onism and ill feeling that may exist between country and city creameries, ss well as set standards of value, discuss problem for mu tual cooperation and betterment, and if neces sary propose legislation, is tbe reason for the call of s meeting of Oregon creamery men st Salem next Wednesday. The call was announced by H. J- Fanst of the Alsea creamery of Portland, in a circular letter, conies of which have been sent to every creamery manager In the state. The move has been Indorsed by J. D. Mlckle, state dairy and food commissioner. The letter is as follows: '.'Some time sgo It occurred to me that by getting tbe creamery managers together and collectively discussing tbe many problems that confront us and make an effort to solve them, much good can come to the outside or country creamery. "I bsve discussed the matter with Mr. Mlckle. and he urged me to issue a call for sr.ch a meeting. At the buttermakers' conven tion the matter was discussed with many of the creamery managers, and met with approval. Professor R. R. Graves of the Oregon Agricul tural college, xnd Mr. A. Slaughter, president of the Buttermakers' association, were heartily in favor of such a move, and we decided to call a meeting at tbe Marlon hotel, Salem, Or., January 17. at 2 p. m. "It is urgently requested that your manager or representative be present, as you cannot af ford to miss being represented, and no cream ery can have business of more Importance than thia meeting will be, and our success depends upon the number tepresented. "The object of the meeting will be to dls cura all problems for the betterment of our business, whether pertaining to markets, bat- ttrfat prices, cream grading, legislation or what not, and providing ways and means of accomplishing whatever we decide to take no "We sincerely hope that you will appreciate the importance of thia meeting to you, and t list you will be in attenaance. AMERICAN LIVESTOCK PRICES Ing attitude. No apparent change in values Urueral csttle market range. Beet beef steers SS.S508.SO Good beef steers 7-504 00 Best beef cows. 7. 25417 50 Best heifers 7.53 Ordinary to good cows 6.1388.33 Heavy bulls 4.50$5.0u Light bulls 8.504.23 Calves b.0ua7.00 Ktocker-feeder steers 5.7506.30 Stocker-feeder cows 5.00 U. 00 Xattcn and Lambs Firm. There was a handful of sheep reported la the yards over night, and these cams in with a load of price guaranteed stuff from a Willam ette valley point. Tbe situation in general In dicates strength for all offerings of mutton and lambs. General mutton and lamb market: Beat east of mountain lambs $ 11.13 Beat valley lambs 10.5OQ1O.75 Wethers 8-00j 8.23 Ewes i S.OOU 8.23 Goats 4.2J Saturday Livestock Shippers. Cattle M. Apple too. Deer Island. 1 load. Mixed staff C. E. Lucke, Csnby, 1 load cat tle, bogs and sheep; E. D. PhiUlppl, Hub bard, 1 load cattle and hogs; Armadale Bros., Mtnltor, 1 load cattle and hogs; J. E. Smith, Donald, 2 loads cattle, hogs snd sQeep. Friday Afternoon Sales. COWS. Av. lbs. Price. 700 14.23 850 4.50 760 6.75 IH0 6.25 020 4 IX) 960 4.23 674 8.00 1120 5.50 830 r'retb Oregon faney CI1ELSE Sellina- urlce: Fi full cream triplets, i!c;- Young America. 23c. zuc; xoung America, 272c; Limburger,' st hogs. 13c; pour, KX(il2c; best IHc: ordinary li4il3Vsc; heavy, 3 sr. 7c; goat, 4c lamb, lie; mutton. Price to Jobbers: Flats, 21e f. o. b. : ereom brick Zjil-6c: bli-k Swiss, a4(235c. Fruits and "vegetables. FRESH KllU.lS Oraunes. uavel, 82.0OJ 2 5d per box; banauaa, 5c per Hi; lemons, 8.iai&-75; California grapefruit, $2.50(U3.tK; Florida. I4.2itf 5.0O; pears, 81.50(3 1.75. UbUtltlLiJ tlucAleberrirs ( ); cranberries, local, SS4 per box; eastern, f 12i30 per newel. APPLES Local, 75cta180; according to quality. ONIONS No. 1. 84.7365.O0; Not 2. $3.00 8.60 per rental; association selling price at country poluts, 14.50 per cental. POTATOICS Selling price. New local, 2.00 2.60. Buying price: Ordinary ablpplug, fl.60 tjl.75; fancy. tl.tt4W2.UO; s-teeis. No. 1. $4.00 ftt4.25, .VEGETABLES Turnips, $1.25 sack; carrots tl.OO; parsnips, $1.25; Oregon cabbage, $3.23 . 4J3.50 eTWt. ; green onions, iloo duzen bunches; peppers, 20c lb.; head lettuce, 12. DO pte crste; celery, $5.00i3.50 crale; artlcuvkex, S0c fti'81.00: cucutnbera. 11-So Uos.: tomatoes. Cali fornia, ( crate; cg plant, 20c lb.; string Uana, 220 lb.; rhubarb ( ) lb.; peas, 15 20c; cauliflower, caiuorula. f2.WjQ2.Zi per crate. Heats, Fish snd Provisions, DRESSED MEA1S belling price: Country killed best nogs, ide; pour, HXtjUZc; Teais, ay 29c: poor. ...... ht.... 9 ic-.M.. Ih f tsMoKED MEAltS Hams. 21(324c per lb.; Breakfast bacon, 2dVJlc; picnics, UVsc; cot tage roll. ITc; short clears, iiftcCtiJDci Oregon LARD Kettle rendered tierces, 19 He; OYSTERS Olyuipla, gallon, $3.2o, canned eastern, ooc can; so.ov aoten; eastern In shell, ei.o vk w, iiiaur ciauia i ;; eastern oya iu urewea uounarrs, ic; uiverside sal mon t ) per lb.; steelhead, 14o; ptrch, 8Hc; lobsters, 30c; silver smelt. Be; salmon trout. 16. per Ib.f haUbut. lHtiec; stu.geon ( I. CEAB3 Large, l 73' medium, 1.25 dozen. Qroosries. SUQAE Cube, $8.o6; powdered, $70- fruit r berry, J7.Su; Honolulu, $7.25; beet, '$7.10 dry granulated. 7.iSO; D yellow. $6.70. (Above Quot lions are So days net cash.) MONEY New. 83.00413 M pef case. , RIC5sp;5, W"' rSr 2- Ko" Or leans head, 540h,c; blue rose, 5 Vic. SALT Coarse, half grounds, loos. $11 per ton; 60s, $H.I5; table dairy 60s, 110.00: lcJos $13.60; 'bales, $2.25; fancy Uble and dairr' $22.oo; lump rock, $20 ton. BEANS Small white, lle; large white, 10c; pink. c; ilwas, Uc; bajrau, 8Vac; red. 64e. , Hops, Wool and Hides, HOPS Nominal, rrayloe price, 1916 eron. ordinary, 6Bc; selected, 78C lb. WOOL lultt clip: Willamette valley, coarse lotawoia, a.tc; meaium snropsntre, 3c; fine 22c; eastern Oregon staple. 20425c per lb.; coarse and medium, 23&32c lb, HIDES Salted hides, 25 lbs. and up 20c; salted (tags, 50 lbs. and np, 14c; green and salted kip, 13 to 23 lbs. ' 20c; grea snd salted calf tklns. up to IB lbs., 50c; green hides, 26 lbs. snd np, 17c; green stags, 50 lbs and np, 13c; dry bides. 81c; dry salt hides, 25c; dry horse hides. $1.0032.30; salt horse hides, 3.0tt3.00? horsehair, 30c; dry long wool pelta, 22(i23c; dry snort wool pelts. 17c; dry sheep rhearliogs, eacb. 106i25e; salted sheep shearlings, each. 13ffl23c: salted long Wheat Opens Down. Rallying on Quiet Chicago Gram Mart1 By Joseph F. Pritchard. Chicago, Jan. 13. (I. N. 8.) While the un dercurrent In the wbeat market was one of strength, prices showed recessions of 14c tor the day. Cash sales of wheat here were 833,000 buarels. mainly to exporters. Omaha ami St. Louis both claimed sales of wbeat for extort. A well posted grain man and miller of . Kansas estimates the amount of wheat in runners' hands in that state at only 11,000,000 bushels. Corn closed e lower, and oats were Tin- changed to ifiSVic lower. Hog products were unchanged to 2Vi30c higher. Chicago. Jan. 13. (1. N S. Wheat ooened today MQlMc lower than yesterday's close. Local buying later brought about a rally. Vol ume of trading was small, bat the market was easily affected and almost featureless. Corn followed the easier tone In wheat and nnenpit XL(ttt.c lnwr with " eicn, n tone. Bullish Argentine news brought com mission bouse baying. Osts were featurelees, opening unchanged to lc lower. Provisions were higher. Hogs reached $10.00, tbe highest ever knew a tor January, Chicago range by United Press I WHEAT Open. High. Low. Close. May l3ft IK514 18314 184ft July 150 lSlV 140 130 Spt. liJ&Vi 136H 184 H 135 COHN May 87 us 974 06 H July m 97H W 7 OATS May 57 WH 66H 66 July 54 64 $ 64 64 PORK Jen. 2925 J23 2915 2020 May .....2U70 2&T3 2867 2867 LAUD Jn 1573 15T5 1667 1570 May 1610 1613 1602 1603 KIB3 Jan- 1475 1415 1472 1472 May 1620 ' 1320 1513 1513 No. 1 cow 1 cow 1 cow 1 cow 1 cow 1 cow 2 cows . 1 cow 1 cow 2 cows 3 cows 2 cows 1 bnU .. 1 calf .. t heifers 1 heifer 8 heifers 1 bock . BCLI.S. CALVES. HE1FEKS BCCKS. . . 7U5 .. 8S3 .. 953 ..1240 . . 100 . . 615 . . 670 .. 6o4 .. 170 Chicago, Jan. 13. (I. N. S.) Hogs sold at new record levels for January, the 811 quota tlon being scraped. Much of tbe crop went over at 81.00 to $10. HO, with a $10.93 top. Shlppera made the market, and values were 3034Oc higher tban a week ago. Medium cattle closed v-eak. others steady. Under 89 values were 25c higher fur the week. Weakness developed In medium grades of live muttons. Omaha Hogs $10.75. Omaha. Web., Jan. 13. (I. N. S. Hogs Receipts 770. higher. Heavy, $10.406210.75; light. $10.00(210.00; pigs, $9.50Q9.75; balk, $10.73. Cattle Receipts 200. steady. Native steers. $7.5011.50; rows and belters, 8.30a8.60; western steers, g6-TO.25; Texas steers, gO.23 47.65; stinkers and feeders. 8.254f.0O. Sheep Receipts 200. steady. Year lines. $10.00 12.00; wethers, $9.00(310.25; lambs, $12.3012.75. Seattle Hogs gio.75, Seattle, Jan. 13. (P. N. S.) Hogs Receipts ICS. strong. Prime lights, $10.60(310.75; me dium to choice, 4 10. 25 IO. 50; smooth heavy. $li.763 10.25; roilgh heavy, $9.25tJ9.75; pigs. f3.bOTU9.l3. Csttle Keceipts sz. strong. Best steers. 13.eoifS.75: medium to choice. 88.25428.50: common to medium. $6.50ij7.5O; best cows. $7.60(7.75; common to medium cows, 5.506 5.73: bulls. S3.DOM5.75; calves. STAMX9.00. Sheep Receipts none, strong. Lambs. 89.73 Q10.50; wethers, fS.OOibU.Ou; ewes, 86.50 (ui 8.00. Chicago Hogs $10.90. Chics so. Jan. 13. (1. N. 8.) Hogs Re ceipts 17,000. strong and higher. Mixed and butchers, siu.eoiaiv.ju; gooa nesvy, i.oo 10.90; rough heavy. $10.00; light. $10.10tyi 10.73: d 2S. 1T.S6M9.SO: balk. 810.55&10.S5. cattle ueceipts suu. steady. Beeves. S7.7Sfti 11.80: cows snd belters, $4-40310; stockers and feeders. $3,5018.83; Texana, $8.509.23; calte. SO,75r(l 14.25. Sheep Receipts 6000, weak. Native and western, $9.50(410.63; lambs. 811.5014.00. Kansas City Hogs $10.70. Ksnsas City, Mo., Jsn. lit. (I. N. 8.) Cat tle Receipts 200. no market. Hogs Receipts 800, quality fair. 6310r higher. All sold around 9 .OO48 10.70. No sheep. Denver Hors 810.80. Denver. Jan. 13. (U. P.l Cattle Receipts 800. steady. Steers, $6.50(39.83; cows snd belf- 86.007.50; stockers and feeders, 80.50428.30 calves. JO.OOOIO.OO. Hogs Receipts 300, 10 cents higher. Top, $10. 60; bulk. 810.1661 10.60. Sheep No trading. HOGS. 10 196 110 267 97 20 133 Saturday Morning Bales. UOOS. Ave. lbs. 9 bogs 224 6t bogs 194 100 hogs 1S2 1 bog 130 2 hogs 4O0 4 hogs 380 8 hogs 167 I hog 200 1 bog 480 1 bog 68 hogs 21 hogs 4 hogs IS hogs 84 bogs ft hogs No. 2. 73 8.75 8.73 5.50 $4.00 83.00 $4.23 5.2. 4.23 $8.00 $9.00 lo.33 9 00 9.35 8.40 10.50 9.00 Price. $10.40 10.40 IO. S3 9.73 9.40 9.33 9.00 9.00 9.00 Manufacturers of aeroplane stock, represent ing 90 per cent of the output la Oregon and Washington, met la Tacoma on Friday after neon to discuss the embargo recently an nounced by the British government for tbe ccr-trol of spruce Importatlooa into the United Kli:gdom. The sltaatloa wss viewed with considers hie alcrm. After comparing Information from fenr different sources it was the sense ot the meeting that the embargo order, while sieciflcally mentioning silver rpruce. sn in ferior species of spruce, la aimed at the Pa cific coast's famous Sitka spruce, said to te the only wood la the world that meets all the requirements of lightness In weight snd great strength necessary to aero;. lane construction. At the conclusion of the meeting, J. P. Kest- lnr of Hoqulam. Wash., who acted aa chair man or the meeting, gave our tbe rouowing statement: "The demand for clear spruce for export during tbe paat year exceeded the output, aa estimated and planned for by the manofa. tux era during ibis. "An ample supply of spruce timber sultsblo for export requirements is accessible only at high tost of logging a much higher coat than ordinarily prevails in lorxinr and requiring much time to develop. Logging plana were being formulated for meeting tbe Increased demands for the current year, but fortunately very few of the manufacturers had cloed ne gotiations snd it la now tbe genersl opinion of the clear spruce Industry that it would be best to defer such negotistlons snd plans for si Increased spruce log supply, until such time as the spruce manufacturers have some assurance. that market and transportation con. di lions existing during 191& will not be dia- ttabed. "Manufacturers contend that prices asked for clear Sitka spruce aeroplane stock are not exorbitant after considering that such a large proportion of every log gua Into the lower grades of lumber, to be absorbed by tbe d .- nestle msrket with its limited requirements. As a result ot tbe heavy production of spruce lumber on tbis coast lu the paat two years, foMcred by the entente allies' aeroplane de mands, tho domestic markets for ths lower Ciades of spruce have been glutted, resulting la manufacturers carrying excessive stocks o low-valued lamber. "If the British embirrj applies to Sitka spruce, snd is maintained, it la the opinion 0 leading lumbermen that it will have seikma effect 00 general business conditions of the Pacific northwest. During a discussion of spruce grading raise, 1 is said tbe Sitka sprace manufacturer took serious exception to ths British classl flea tlon of "silver" spruce aa applying to their product. Fractional Losses Follow Early Trend Of New York List By Charles W. Storm. New York, Jaa. 13. (L M. S. ) There were Important movements during the first 13 min utes ea the stork exchange today. Business wmi by professionals, who offered the leading stocks at concessions, but lolsea la the first few minutes were generally confined to frac- 1 tious. Steel common dropped point to Hit. Utah H point te 103 14, and Beading H potn to 98 Home of the specialties had wide range. with Industrial Alcohol dropping a point to followed by a rally to 119. Goodrich Rubber declined a point to 64. United States Rubber dropped 2H potnU to 00. Maxwell Motors rose a point to 62tt. A firmer tone wss shown generally hi the last hour, when covering of shorts carried Steel common us to above ill points. Crucible Steel, after selling at 604 polnta, rose to above 82 polnta. The stock msrket closed firm, rovers men t bonds unchanged, railway and other bonds 169.QUARTS OF BOOZE ARE SEIZED IN A E flu Range ef New Turk orlces furnished by Over- beck c Cooke Co 216-217 Board of Trade bonding: Hide Market Shows Weaker Disposition That the hide market is weaker and very much unsettled is the report of the trade in general. Some of the local buyers will re duce their quotations on salted and grw. tides, salted and green stags, green and salted kips and calves lc a poun. on Monday morn ing. This will placi green and aalted calves at 29c a pound, A reduction of lc In tallow to olio for No. 1 la also forecast. New York Cotton Market. POTATOES ALONG THE COAST U. S. Bank Clearings Show Big Increases New York, Jan. 13. (I. N. 8.) Bank clearings in the United States for the week ending January 11 as reported to Bradstreet's Journal, New Tork, aggre gated 18,045,640.000 against 15,692. 801,000 last week and $4,773,000,000 in the same week last year. Following are the returns of Pacific coast banka for the week showing the per cent of Increase over ths corres ponding week of last year: Clearings Increase Widow and Family Are Provided For Salem, Or.. Jan. 13. Provision was made today by the Industrial Accl dent commission for the widow and children of W. W. Klnnicutt, a team ster employed by the Sterling com pany of Medford, who was thrown from his wagon and killed last No vember. The widow will receive ISO month from ths stats accident fund during her widowhood, a son three years of age and a daughter eight will receive $10 a month each until they are 16 years old. Auto Turns Turtle, Two Men Are Dead Bakersfleld, Cal.. Jan. 18. (I. N. S.) Two men are dead and three Injured as a result of an automobile accident 22 miles north of here last night, when their machine skidded on the wet road and turned turtle. A. L. Bradley of Los Angeles and J. B. Keyea of Bakers field were killed. K. M. Roth suffered two broken ribs and Fred Oerrls and II E. Stevenson were slightly hurt. PESCRIPTIOK. 'Openl Hlghl Wrw Close Alaska i.,ld Allls-Chalmers, e do i'd American Beet Sugar... American Can, c 00 prd Antrlcan Car IMy.. c. Ann r loan Cotton OH, e. American Unseed, c... do pfd American Loco., c American smelter, e... 00 pra ; American Sugar. e... arrtnran Tel. Tel... American Woolen, e. . . Anaconda Mining Co... Atchison, c do pfd. Baldwin Loco., c do nfd Baltimore A Ohio, e. . . ieinieiieu steel, c do pld Brooklyn It. Transit. . Bitte Sc Superior Calif. Petroleum, c do nfd Ctnadian Pacific Central Leather, c... do pfd Chesapeake It Ohio Chicago A Ot. W., c. do pfd Chicago. M. & St. P.. cnicago N. W.. e... Chi 110 Copper I oKiraoo r . I., c Cons. Ua Corn Products, c do pfd Cniclble Steel, c ao pra D. A R. O.. c do nfd WsHIlcrs Brie, c do 1st pfd General Electric Ooodrlch Rubber (it. Nurth. ore lands.. Gt. North., pfd Greene-Can Hide A Leather, e do pfd Ice Securities Illinois Central Industrial Alcohol ... Inspiration Interboro. e do pfd 10H t3 45 V4 'ei" 75 IO 63 9S" 75H 01 44 60" 75 106H 84 91 H 44V ltoI C3 49 1TH SOU 75W too 1 4.1 do p '.ta. CI 824 104 55" 83 470 81 4o 24 158 V0 n4 tvS 41 45 ISO 21H 37 M 82 47H KM &4i 6ft 14 118 MS 15 83 104 83 470 sii 40 24 158 Wl 82 104 54" 81 40 24 V, ity Southern, e. San Francisco Los Angeles . , Seattle Portland Oakland San Diego Tacoma .1J82.630.000 . 30.344,000 . 18,146.000 . 13.505.000 . b. 873. 000 . 3.409.000 . 2.612.000 23.3 28.2 43.8 25.9 28.7 25.8 21.7 Local Bank Stands. Fourth in Deposits The Northwestern National bank of Portland stsnds fourth smong the 37.000 banka of the United States In percentage of lain in deooslta during tbe last two years, according to a sum mary pabiiahed in tbe Financial Age, baaed on the Norember bank call. Two hundred and serenty banks In this coun try have deposits of 810.000,000 or more, tbe Northwestern haying entered that. class daring the last three months. Tbe total deposits of these banka is $11,400,000,000. Since Norember, 1914, the North western jrmped from 83.105.000 deposits to 110,700,000, a gain of 379 per cent. Hanks of the 310.000.000 ela la Tolas. Okls., 'New Tork and Detroit stand Jnat ahead of the Northwestern la percentage of gala In me order named. Stocks, Boads, Cotton, Orals, Etc, 810-8U7 Board ot Trade Boil ding, 0 verbeck & Cooke Co. DIRECT PRIVATE WIRES TO ALL EXCHANGES . Ktmnsn Chicago Board of Tradr correspondents " &og-u ft Bryan, Chicago. Sew xoxtw Open. High. Low. Close. Jannary 1S10 1S10 1 773 1775 March 1S26 1827 1773 177S Mar 1M9 1849 1T92 174 July 1840 1849 17B2 179.H October 1718 1720 1687 -16S7 Dtcember 1721 1723 ' 1097 1095 El gift Batter Lower. Elgin. 111., Jan. 13. (I. N. S.) Elgin tat ter was quoted on the batter board today at 3SHe, a decline of He from last week. pelts, each, $ 1.5032.50s salted short -No. Uc; No. 2, ge; grease. 8c v.-ool wool pelts, each, 60c(ngl.UO. 1AU.UW eer lb CHITTIM 0B CASCABA BABK Baying price, per car lota, eV4e per lb. MOUAIR-tlSlo. Uo45e. B1SAL Dark, 14e ib.; white, 14K lb. Faints and Oil. COAL OIL Water white la drums sad Iron bsrrels, loe. LLNSEKD OIL Raw, barrels, ll.Og galon; kettle boiled, barrels. 31.10; raw. cases, 81. U; boiled, cases, el.15 gallon; lots of 260 gallons li lea. TURPENTINE Teuks, 87c; eases. T2o gal. VU1TE LEA l Ton lota, lie lb.; 600 lb, lets. 1154c: less lots, U per Ik OASOLINS Basis price. l4c gallon.; dis Uliatat. lOHe gallon. v Seed, knyiag Prtce. - CI.OVKR Ued, 14c; alalke. 15e lb TIMOTUT 04Hei domestld rye grass. VA⁣ eetcb, iJej enlor. Seattle Market. Seattle. Jan. 18. (U. P.) Onions Oregon. 34c; Yakima, 83C. Potatoes AVhite lilver. 312.00; Taklma Gema, 347.00(350.00; Vaklma. 342.0000.00: locals, 838.0O(40.0O; California sweeU, 3(U 4c pound. Baa Francisco Market. " San rranclsco, Jan. 13. (U. P.) Potatoes Per cental. Delta, In sacks, old land, 82.25(3 2.35; do new land. g2.4O2.50: Salinas. 32.50 Q2.65; Oregon Hurbanka, fanry, 82.502. 5; do choice, a2.30(b;2.4S; UsmeU. 12.00; Wst sonrllle, $2.M2.0o; Sonoma, 82.152.33. Onion s-e-Hrown, $5.00; Oregon, 35.00. Ban Francisco Grain Market. San Francisco. Jan. 13. (U. I.) Wheat per centals-California club, 82.03(32.75; Ro ll ora, 32.75(32.83; . northern club. . g2.S3ig2J0; do, bluestem 82.903.O0; do, Turkey red, g.uo 413.00; 00, red Kusaian. Ji:.sor2.Mo. - Barley Per cental Feed, 82.20S2.23 for fair to choice; shipping and brewing, 32.37 V. Oats per cental bed feed too Scare to quote; do. seed, 82.0O4j2.75; do. black not quoted; No. l northern (to arrive), 82.10 &2.15. Cotton Census Report. Washington. Jan. 13. (I. N. 8.) The bi reaa of the census of tbe department of com merce today Issued' tbe following report on cotton seed tod ontton seed products: Received at mills August 1 to Norember 30, 3,250.738 tons; crushed, August 1 to Norember 80. 1,747,257 tons; e band at mills oa No vember 80, 1.027.224 tons. BANK STATEMENT OF COAST Clearlns Monday .. Tuesday . . . Vednesday Thursday . . Friday ... Saturday . Ciecrlngs Balances . Clearings . QalaLcea Clearings . Clearings rertland Banks, This week. Tesr aro I2.482.4M.R8 I 1.674.B.Tf.B . ... l.fRW.07.8S .... 2.201.003.20 2.836.834.87 .... 8.3.12.843.29 2.005.632.O8 Tacoma Banks. 2.072.9O. 13 2.222.112 '.2 1.733. 091. 00 1.47..M5.2 1.630,002.02 897,981.00 47,356.00 Seattle Banks. I 3X3.82S-.00 433,741 Aa Sea Francises Baaks. 311.109,713 .08 Los Angelas Baaks. $ 4.482.264.00 New. Tork Metal Market. New Tork. Jan. 13. L N. S Strong. Third quarter, gVk33e; fourth quar- ter. dinooic. Spelter Strong, prime western spot. 94 ft He; February and March, 9c; second quarter, osiS'!.c. . . New York Sugar and Coffee. . New Tork, Jea. 1. (V. tJCtttX. t Rle spec t No. 4 Santos, 10 c. v- -Sogsr OntxlfugaX 85.39. . . , DAIRY PRODUCE ON THE COAST San FrancUeo Xarkat. Ban Francisco. Jsn. 13. (C. P.l Rotter Krtras. soc; prime firsts. 35c; firsts, 34 vie. (KM siirii, xr, piiueu, sa. Cheese California faacy. 18c; firsts, 17e; Oregon triplets, fancy, l9V4c. Seattle Market. Seattle. TV ash.. Jan. 13. (U. P.) Batter NstlTe Waahlnstea rreauery, cubes asc; do, brick. 39c: storage, cubes, S5c; do, brick, 35c. Kggs Select ranch. SHc; April storage. 2c. Cheeee Oregon triplets. 21c; , Wisconsin triplets, zjcj do, twins.. Z3c; Toasg America. 23c. Los Angeles Xarkat. Los Angeles, Jan. 13. tV. N. S.) Eggs Case Count, 39c. Batter Fresh, eatra, 87c. Seattle Grain Market. Seattle. Jan. 13 (P. N. 8.) Wheat, blue stem. 31.S3; Turkey red. 81.64; fortyfold. (l.0;.cll. 3191 Fife. 81.59: red BussUn. 1.7; barley, tlja. Receipts Wheat. 11 cars. Money and Exchange. New Tork. Jan. 13. (D. P.) Bar sllrer. Losdoa 86d: fear silver. New Tork. 74 e; de gaaa stsrilng. 84. 75.821 , .. . . . . .. Physician Acquitted By Clarke Jurors Vancouver, "Wanti.. Jan. 13. Dr. R. O. Black, local physician, tried yes terday on a -charge of Illegally Issuing a prescription for Intoxicating liquor. wa acquitted by ths jury whicn neara the evidence. lie testified that the prescription wa written for one Mrs. V. McDanlel upon representation of V. McDanlel, who was employed by F. J. Relchard, a detective, that Mrs. Mc Danlel reeded It for a female ailment. Dr. E. F. Hlxon and Dr. Charles E. B. Flagg testified for Dr. Black and stated that they would perhaps em ploy similar remedies under some cir cumstances. P. J. Klrwin and Frank Vughan conducted the defense for Dr. Black. Barney Oldfield in Pendleton Concern Salem, Or., Jan. 13. Articles of In corporation were filed this morning by Barney Oldfield, Claud A. Hampton and Ijllllsn C. Hampton of the Pendle ton Cadillac Automobile company, Pen dleton, Or. Ellis Loses Thumb. Vancouver. Wash., Jan. IS. J. A. Kills, superintendent of the National Home Building company s plant at the foot of Seventeenth street. Is confined In St. Joseph's hospital here with a t .ullv lacerated hand. The accident occurred last Saturday while he was dressing a belt. His harrj slipped and came into contact with a resaw, and the thumb was taken off at the Joint and all of his fingers were badly cut Dr. Charles E. B. Flagg, 'he attending physician, believes he can save all of the fingers. Mr. 151 lis resides at 10(2 East Twenty-eighth street north, Portland. I Kdly Spriugfl'ld. uctwinD steel., I'-blgh Valley.... Kennecott , Mi swell Motors, e Mexlran Petroleum. . . . Miami Onpper k'idrale Steel M.. K. It T., c do pfd , Mb sour I I'aclftc National Lead N rada Consolidated. New HaTen New York Air Brake New lork Central N Y.. o. a w Norfolk A Western, c. Northern Pacific Pacific Mall Penorylranla Railway.. I'.p!es Gas Pittsburg Coal, c do pfd Pressed Steel Car, c... do pfd Ry Coos. Copper liullwsy Steel Springs. Leuiling, " e do 1st pfd do 2d pfd Republic I. 8., c... do pM Rock lslsnd Strs. Roebuck 8t Co.. SI sttuck stndebaker. c do nfd Bios Sheffield Southern Pacific Southern Railway, e... do pfd Tennessee Copper Texas Oil Texas Pacific Third Arenue I'ulon Pacific, c do pfd U. S. Rubber, c do pfd , V. 8. Steel, c , do pfd I'tah Copper , Vltglnla Chemical, c. W. U. Telegraph Weatlnghouse Electric Wlllys-OTsrUnd Wool worth 24 5S4 sag 45 ii 62fe 41 54 H 45 V ISO XI 2 Vi 87 47 ins 544 30 1194 15 W 1SH ri'i 45 129 06 87 26 31 47 ins 53 85 H 74 2 iis"" 55-V 15 24 24 68 5t 4 83 45! 45 10Sj.'lA3 1 40 ONSTEAIvl it KILBURN Captain and Crew Are Held Aboard Under Guard and the Search Will Continue.1 40 101 27 123 50 103 75 20 41' w 77 40 ioi 27 133 82 104 54 1014 3HI M 470 4 135 Sl 4fl 24 53 157157 UO I 11 114 03 18 120 54 V? 45 12U 21 102 02 115 11 8(1 32 47 lGd 64 35 lid 43 IS so 106 11 65 15 (W 24 t M rr 4.1 61V 10 40 IS 13 51 46l H 1142 100 ! 101 t rVi 133, 133 One hundred and sixty-nine quarts of liquor were seised aboard the steam er T. A. Kllburn by deputy sheriffs and police officers yesterday aXternoon shortly after 5 o'clock when tbe ves sel docked at the foot of Nortbrup street on arrival from San Francisco. Cabins, hold and other places which might furnish biding places for bot tled goods were ransacked. Part of the confiscated liquor was found under floor grating. In bunks and concealed amongst the cargo. Captain T. Maclellan and the entire crew of the boat are held on board by guards. Tiie police believe that approximately 400 quarts remain aboard. The search will be continued today. City Detective Cehlll and Patrolman Pratt boarded the ship at Astoria aa passengers. The harbor patrol ' boat trailed the steamer from the mouth of the river to prevent the dumping over board of any of the liquor. The steamer started from San Fran cisco four days ago carrying a gen eral cargo of freight besides the liquor. She Is the property of the North Pa cific feteamshlp company. Deputy Sheriffs Ward, Philips. Christofferson, Beeknian, Rexford, Flaherty. Tlchenor and Detectives Hill, Hammersly. Cahlll and Patrolman Pratt conducted the raid. Warrant Charges v False Advertising A warrant for the arrest of 8. J. Levitt, manager of the Fourth Street Department store, was Issued out or -the municipal court this tnornlng on a charge of false advertising. Tbe ; complaint was signed by C W. Bng ' Ush. secretary of tbe better business, bureau of the Portland Ad club. The complaint alleges that "pure wool" sox, as advertised for sal by the store in handbills distributed from house to house, contained leas than le per cent of wool, the balance ot tbef goods being cotton. ' ' - Samples of the cloth were analyged, and Mr. English exhibited them .to Deputy City Attorney Stadter. In ask ing for the warrants. The piece front -which tk wool had been chemically removed were almost as Intact aa la. the original cloth. It was claimed. . CLARKE AND COWLITZ COUNTIES ViLL BUILD LEWIS RIVER FERRY Boat to Operate Between :the Davis and Pekin Landings -Decided on by Countiest Hand Blown Off By Giant Powder nidge field, 'Wash.. Jan. II.-- Oscar McCann suffered the loss ' of his right hand Friday afternoon, as a result or an explosion when he ai dynamiting on the Charles Nichol farm at Fell da, south of here. The injured man was blowing out holes for the purpose of setting out prune and other fruit trees. He was using a half stick of powder and was lighting a short fuse and pushed it In tbe small hole with a stick. The dynamite came out with the stick and exploded before Mr. McCann could drop it.' His hand was shattered and amputation above the wrist wss necessary. McCann is about 88 years of age. and lives at Fellda. 56 103 i" 1! M' M 7 I' 74 80 20 4U 4U 25 U 1 26 104; 104 07 80 2 103 M 105 7J 103 21 4'JV, 0i i 4.1V, 104 1&4,K'4M Jlrx 78i 77 07 30 2 3o 223 45 61 0CS. ro GS 14 45 Vancouver, Wash., Jan. 11 Bids tor the construction of a wooden ferry boat, 14-48 feet, will be received by Joint commission, composed of mem bers of the Clarke and CoHts boards of county commissioners up to Febru ary IS. They will be opened at Wood land, where a meeting of tbe two boards was held yesterday to deter- . mine the advisability of Installing a ferry between Davis landing, and Pskla ' landing on opposlts sides of the Lewi : river. M. E. Carson, chairman of the local county board. Is chairman of the commission and B. L. Dor man, county engineer, la secretary. New Bus Francise Given P. B., L. & P.' Oregon City. Jan. II. A franchise was granted to the P. R., L, A P. corn-., pany last night by the Oregon City council for the running of a bus line from Main street to Mountain View. The first reading of the Oregon City & Oswego bus line franchise Was brought before the council but ' Was . set over until the next meeting. The council ordered the vacation of Fourth street for the HaWley Pulp St Paper company, which will probably erect an addition to the mill within the next few months. German Raider Is -r 1 it j It" next few months. IlOaming AtlantlOf WUmu Valley Southern O Railway company asked permission of New Tork. Jan. II. (L N. &) Warnings to allied shipping against a German raider in the north Atlantic were again sent out today. The warning in English and French said: "Enemy raider may be encountered. Take all precautions. Tube System to Be Continued. Washington, Jan. 18. (I. N. 8.) The house as a committee of the whole by a vote of 1SX to 104 late today adopted an amendment to the postofflce bill providing 11.041,000 for the continuation of the present pneu matic tube system in Boston, New Tork, Philadelphia. Chicago and St. Louis. tbe conncll . to construct a "gravel bunker" st the foot of Fourteenth street which would fee filled directly from the river and would be loaded onto the cars. A decision will prob ably be given at the next meeting. 142 143 84 M 5fl 57 111 111 45 46 143'14: K4 01 01 112112 ii iii;uoui 120 120 120 11S 10l104 lO3,104 I 42 P3 &5 9r C3 63 82 30 30 85 Sales 227.100 shares. "Prince" Takes 111 on Train. Los Angeles, Cal., Jan. II. (P. N. S.) "Prince"' August Bchrader. en route here from Buffalo to answer a charge of using the malls to defraud, was suddenly taken ill on the train and removed to a hospital at Ash fork, Ariz., according to dispatches here today. Whan writing to or ealHor oa advertisers. raae meDtt'in Ths Journal. (Ad.) Shoots Self Through Foot; Finds Bullet' Centralla. Jan. II Eddie Lyon, Jx-year-old son of C R. Lyon, of Toledo, sent a bullet from a .21 caliber rifle through his foot Tuesday when the weapon was accidentally discharge.!. The wound was a clean one, however, the bullet being found In the youth' shoe when It was removed. 1 - Mrs. Pierce Secures Dlvorctv . St. Louis. Mr, Jan. II. (I. N. 8.) A divorce by default was granted to day by Judge Henderson to Mrs. Vir ginia Burrows Pierce, second wife and step-sister of Roy E. Pierce, son Of the oil magnate. Clay Pierce. She was riven the custody of her son, Bruce, aged 3. Mr. Pierce did not contest the suit. Roy Pierce is 21 and Mrs. Pierce 78. 95 62 35 14:t Nurse Takes Poison; Motive Unexplained San Francisco, Jan. It. (P. N. 8.) Miss Florence B. Carlisle, an attractive young nurse, died today at tho emerg ency hospital after refusing to ex plain her motive for taking poison at a hotel last night. She left no explana tory notes and no papers to aid the police In their hunt for relatives or friends. She asked for Dr. Philip Brown, but he was ill and could not respond. He said hs employed Miss Carlisle for a time about two years ago, but knew nothing about her. Forty Boys to Take Tests for Annapolis Oakland, Cal.. Jan. IS. (P. N. 8.) Forty youths who aspire to walk the quarter deck of one of Uncle Sam's warships, presented themselves at the Oakland high school today to take the qualifying examinations for entrance to Annapolis. The successful candi date will win the appointment, which s at the disposal of Congressman J Arthur Elston. Increasing Prosperity is With Portland NOW! It has been a long time coming. Prosperity is' here to stay for a number of year. Prepare to make the best of it. You need a helpful banking connection. Open an account now with Capital anal orpins Sa.0O0.0O0. 1 r-in NATIONAL BANK Third aa4 Oak Street, Vonlaad, O. PORTLAND FIRE RECORD Where Credit Is Due. Vancouver, Wash., Jan. 13. The pic ture of Major Offley, which appeared in tire Sunday Issue of the Oregon Journal. January 7, was from a print of the Tollman-Ehrhardt studio of this city. That of the directors of the Clarke County National Farm Loan as sociation in ths Issue of Tuesday, Jan uary , was from a print of the Schulx studio, also of this city. Wants Service at SIUl City. Salem, Or Jan. It. Complaint was made to the Public Service commis sion this morning by R. W. Patter son, a teamster of Mill City, Or., that the Southern -Pacific company has no passenger waiting room, baggage room,' freight shed or other such fa cilities aa traffic necessitates at Mill City. Ths matter will be given a bearing by ths commission. - Wednesday. , 10:41 p. nv F. W. Jennings. 821 Uoyt street, owner of automobile, un known origin, 850 damage. Thursday. :61 a, m. 1051 Gladstone avenue, overheated smoke house, slight dam age. 10:01 p. m. United Mattress Pad company. 427 Hancock street, spark In carding machine, unestlmated loss, many. No fires. rrlday. 10:f J a. m., 600 Orand avenue, children playing; with matches, slight damage. 11:80 a. m., 4S0 North Twenty-third street,-burning flue, no damage. lt:it p. m.. 4S1 Union avenue, sparks from chimney, slight loss. 8:33 p. m.. St North Eighteenth street, burning flue, no dgmaga Saturday. " T sv m, 713 Tacoma avenue, roof fire, $00 loss. THE BANK OF CALIFORNIA NATIONAL ASSOCIATION Capital Paid In Cold Coin $8,500,000.00 ' Surplus and Undivided Profits f 8,338,676.39 . Trktuacts a General Banking Business Issues Commercul Letters of Credit covering Importation :L of merchandise, as well as Letters of Credit for use of -'; travelers throughout the United States and foreign coun- '," tries. ' ' - Interest Paid on Time and Savings Deposits ' Head Office, San Francisco ; v - V PORTLAND BRANCH, THIRD and STARK STS. WM. A. McRAE, .. ' J. T. BURTCH AELL, Manager. -Assl Manager."''"-