The Oregon daily journal., March 21, 1917, Page 17, Image 17

THE OkEGON DAILY". JOURNAL. PORTLAND. WEDNESDAY, MARCH 21, 191?.
17
FROM 125 TO
DEMORALIZED TRADE
IM FRCQ R
-111 LUUU
STOCKS ARE HEAVY
Previous Heavy Purchases by In
. " terior Cities More Than Suffi
cient to Take Care of Immediate I
Needs Prices Are Erratic.
EGOS TTJBB BTB.OXGEK
With both southern ana northern markets In
clined to show strength, there was a better 1
fselina? fa the local trade late in the day
Oa the Dairy Exchange liberal sales of -current
receipts wet made at 86V4 a dosen, while
sales ea the street were later reported at 28
gZ7c.
., . A - . I
Market for eggs was thoroughly demoralized
akxiir Front street during: the last 24- hour
aud there was scarcely enough movement dur
ing that period to firmly establish prices.
Late Tuesday afternoon bidders were offering
np to 25VtC(2tlc a dosen for case count, but
tuelr wants were small even at that range.
On Wednesday morning there were more fre
,mnt HWb, n 9fi.- hut fha total volume of
business available was small.
The drop in egg prices here and the weak
peaa can only be attributed to the fact that
outklde cities purchased so heavily In expec
tation of a railroad fleu last week that tbelr
Immediate requirements are well taken care of.
Ilecelpta of egga continue to show an In
crease sod storks on band along the wholesale
wsy sre very liberal. Weather conditions tire
ripened to govern trade and prices within the
iinuiriiaie future, mcmiwrw au - . i iwU
anticipated.
VEGETABLES TO BE SCARCE.
." Announcement was made by W. II. Dryer of
Dryer. Bollam 4c Co., that Uie local trade is
likely to face in extreme shortage of Cali
fornia veaetablos next week because or. ine in-
a IM ! 1 1 7 1-7 piaiT lawn wtiu ii 1 -'. f'.'i '
IS the eastern demano.
ONION MARKET IS FIRMER.
Tinner tone and Mgher prices are being
asked for onions by lcwal jobbers as a renult
Of tbe famished supplies. No. 1 stock Is being
firmly held st 8..riO, While No. a stock hss
been moved up to $U.
VEAL .MARKET IS ERRATIC.
Market for country killed calves is erraue
adong the street, with sales swinging from
14 to 13c a pound for tivj inality. tkMintrv
killed bogs remains firm, with beet stock essily
moved at lHc a pound. '
FIRST BROILERS ARE HERE.
Everdlnff & Farrell semired tho first offer-
logs of snring chickens for the season during
the day, when a small lot came forward from
the country, it found a waiting demand at ii5c
a pound. General chicken trade slow.
HIDE MAKET IS HOLDING
Destilte the efforts of big eastern Interests
to depress the trade, the market for hides is
holding steady generally throughout tbe coun
try., Tills Is especially true of calf skins.
Wool contracting is at low ebb. because of
the lack of offerings by the country.
BRIEF NOTES OF THE TRADE.
Loral spinach fa arriving, and Walla Walla Is
weak and down to si.
Both California and Walla Walla rhubarb
show price kwees; former down to S2.SO3 a
bos. and latter nelllnn at 9c a pound.
Southern advices Indicate no offerings of
cabbage for immediate sale.
. Cotton seed oil la showing a further ad
vance of 2c a gallon.
cviTrrcTut iri.MTiii.-iJ xwrrrTO
SHOWN
drTe;UtT. SV'tFtTfOBBlNQ PRICES IN PORTLAND
attle against minimum tereperaturea of about
84 degrees; northesst to Siwkane, 23 degrees;
southeast to Boise, 21 degrees; south to Ash-I
land, 82 degree. Minimum temperature at
Portland tonight, about 38 degrees.
Money and Exchange.
New York. March '21. (I. N. 3.) Lead I
Quiet. Spot offered at 10c, April 9c, May
c.
Tin Firm. Spot, 6555e.
Copper Steady. March. 3737"H?: April,
Hoc; May, 36e; June, H4Hc; July, S2fcc;
August. :t2c; September. !UHc.
Hotter Quotation unavailable.
MUTUAL CREAMERY
COMPANY
Portland, Oreson.
P10RX2TR BEYXXiOFBaXBT.
In many Western states our time and
money and pioneer work, with a cash
, market for the farmers' dairy and
poultry products, have made It possible
to reach the present splendid develop
ment whereby Western states have be
come exporters Instead of Importers.
WOBAS-WXDB ICsVBJKET.
We reach local markets, also mar
kets in any part of the United States
'and In all parts of the world, thus as
suring the producer rood returns and
th benefit from a wide distribution of
ni products, i ne tanner produces and
: we reach those that consume, and we
- bring in the dollars from over the
mountains.
ATTO VV I k LI I H'Cl
V. J Ml . . e .
uur yivni is iixea oy our articles or
' incorporation namely, S per cent on
gales, if we can earn that much.
Should we earn more than 3 ner cent
on sales, this surplus earning; is re
turned to our producer-stockholders
holding stock in the com nan v n.t tha
very two cows milked, in proportion
: to the amount of milk, cream, eggs and
'"poultry they sell us. This limits our
V profits to approximately 1 cent per
pouna on Dutter, v.o or a cent per
pound on cheese, and 0.9 Of a cent per
aon Dr eggs.
COMFETITIOir,
'Thie company does not own a share
V? stock in any corporation or firm,
jk -.v.
r indirectly .engaged in the creamery
r-r produce business in. the West, in the
United States or in the world; and no
firm, individual or corporation, whether
competitors or not, directly or Indirect-
ty engaged in the creamery and pro-
auce business in the West. In ths
United States or in the world, owns
; kny shares of stock or holds any in
terest whatsoever in this company,
rrorrirTrnT.TiTr'ttsi
- . . . . "
a no iiuuuieu ana loriy-mree xarmers
oavs taken stock in our company, and
is or our employes are stockholders.
It is the right and privilege of every
rarmer with milk and cream to sell to
, ' become a stockholder with us, and 80
per cent or our capital stock: is re-
erred for producers.
s
tTrms3TDa paid st-rsnra iie.
xns total aiviaends distributed to
stockholders during ; the year 191$
were S per cent upon ths par value of
stock outstanding. We have In addi
tion to these dividends paid to the
farmers and producers above referred
to 2 per cent upon the total value of
' flalry and po.Qltry products sold ly
them to this -company
artrxuaXt CBFia-M-Ejfr compaht.
; . 'J'- W. F". Jensen, President,
' . A. W. Ellis, Mansger.- .-
150 CARLOADS. v POTATOES , LEFT IN
Satramento Salmon .
Comes to Portland
At Very High Price
Spall Shipment Received and Sold
at 18c PoundPublic Is
Tiring of Cheap Fish.
Sacramento rirer ntanon ha Invaded the Port
land trad. 'Small shipment from there are re
ported on the local market by Joseph O'Connor
of Malarkey Co. A small Bapolr baa corns
forward and u being quoted at isc a pound.
"There U only a small run reported in tiie
Ssfrainento," says Mr. O'Connor, "and the
sbippers there are holding tbe price too high
(or general consumption here."
There la a very good supply of haHbtjt avall-
able, and this la finding favor with the trade
around UfiUo a pound, according to size and
Quality
Supplies of smelt eontlnue to rorae forward
rather freely from the Cowlltx. bnt there baa
been gradual decrease la the demand. "If
people would bat realise It." says Mr. O'Ooo
nor, "the smelt Is one of the finest fish they
-n-hase.. Thev ran hem to solve the coat
o living problem by putting np some of these
fish for ose at a later date.
"A good barrel should be secured. A layer
of fish should then.be plsced in it. Then
layer of salt. The barrel should be filled by
alternate layers of flab and salt. No water la
needed, because the smelt make their own
brine."
FIRST BROCCOLI OFFERED
TO THE PORTLAND MARKET.
noaebnrg. dr., March 21. The first broc
coil to be shipped by the Umpqua Valley Fruit
I'nlon woa lrw.al Mhfnment nf 11 eratea wtllch
WBre ut to portLuj. This product is rlpeu-
Ing rapidly now, end carload shipments will
begin in about one week The entire crop hss
l-en contracted- to the John TO. N'lx Co-.f
(Jhlcago, who have handled the product of the
loeal association for the past two years. The
quality of the broccoli this year la very good
except for some that was in tbe right atage of
development to be destroyed by tbe severe
weather about two weeks ago.
DAIRY PRODUCE OX TIIE COAST
Ban Francisco Market.
Ran Francisco. March 21. (II. T.) Butter
Extra.. 80c; prime firsts.
Kgirs Kxtraa, 27c; extra firsts, 26c; firsts,
2Di2c: extra first pullets, 244c.
Clieeae -'slifornla fancy, 21c; firsts, 20c;
Oregon triplets, fancy, 24c.
Seattle Market.
Rent tie Mirrl. 21. !,'. i'.l Rnrter Native
Wuanimcton creamery, cube. 38c: do brick
; fresh California cubes, 37c; do brick, 3ic
rvm Select ranch, 29c.
Cueee Oregon triplets, 25c: Wisconsin trip
lets, 2tic; do twins. 25c; Youne America, 25c.
Los Angeles Market.
Los Angele. March 21. (P. N. S.) Butter,
33c; eggs, 27c.
POTATOES ALONG THE COAST
Seattle Market.
Seattle, .March 21. V. P.) Onions Oregon,
0fttOc: Yakima. 8c.
Potatoes-Yakima Uexns, $0070; seed. 185;
locsb), SW&Go per ton..
Ban Francisco Market.
Ran p-rnnelaco. March 21. (U. P.l Potatoes
Per cental. Wharf prices: River. S3. 004. 3. 50;
rtreunn RurbanVa. t:i.2&3)3.7G.
OnlofM Per cental, street, $7.00(37.50; do
Icehouse. $8.00.
Corn at Record.
Chicago. March 21. (U. P.) No. 2 yellow
cash corn sold In the Chicago market today at
$1.14 per buhel. the highest in history. No. 3
sold at the same figure.
Money and Exchange.
New York, March 21. (U. P.) Money on
call at 2Vtt; 6 months, 3(24. Mercantile
taper, 44i-V7e. Bar silver, London, 33d;
New Xork, 7140. uen-uid stnug .iay,.
These prices ar those a' which wholesalers
an to retailers, except as ouierwise siaicu;
Dairy Fioduoe.
BUTTER Creamery prints In paraffin
wrsppers, extras, 38c, prime firsts, foe; firsts
85Vc: cubes, lc less: cartons, lc advance.
BUTT1SUFAT 1'ortAnc delivery No. 1 sour
crt-am. 8e lb.
EOOS Selling price: Case count, 26H
27c ner dozen; buying price, 2tJ(3iJVsc;
selling price, candled, 27
UVK POULTRY Ucns, heavy Plymouth
Rocks. 1810c lb.; oidlLary chlekccs. 18c lb.;
sugs, 17c In,; broilers, under 2 lb., Soc; tur
ku.. 20t2lc: dreea ftticy. 25S28c; cnlls
2J(rj24c; squabs, $2 dofin; geese, live. VZ4
Vet; Pckln docks, young. 23c; Indian Bnu
nrra, young, 22c; old .d'icks, 2o321c per lb
Dlreona. sl.LT dosen
CHEKSt Selling fj lea: Fresh Oregon fancy
mil cream triplets, zuc; ouDg America, xn;
24c f. o. b.; cream brick. 27fi2Jic; Ltmburg-
er, atoc; block swim. M'gaoe.
Fresh Fruit a-ad Vegetables.
FBE6H FKUITS Oranges, navel. $1.7S)
8.00 per box; bananas, 6c per lb.; lemons,
$3.00IQ4.00; California gripefrult, $2.002.2;
Florida, $5.00(1.0.75; pears. $1.402.00.
BSURIBS Huckleberries ): cranberries.
local ( ) per box; eastern, $5.00 per barrel.
APFLfctS Local. 75c"U$2.00, according to
auaUty.
ONIONS No. 1. $S.50; No. 2, $6.0007.00
per cental.
POTATOES Selling price. Local. $3.25i
8.50. Buying price: Ordinary shipping, Z.60
3.00: sweeta. No. 1, $4.50.
V EGKTABLEt) Turnips, $'.0O(gl.75 sack;
carrots. $1.2&4jl.50; parsnips, $1.75; Oregon
cabbage, 6c lb.; green onions, 2335e dosen
bunches; peppers, 40c per lb.; head lettuce.
SL75(fri3.Zu crate: celery, so.oo ner crate
artichokes, Sl.104al.t5: cucumbers, $1.60 do.;
tomatoes. Florida. $6.00 p. crate; egg plant.
20o lb.; string bean ( -) 'rhubarb, 9c
lb.; peaa, 16c; cauliflower. California. $2.73
per crate; aanaragua, w per io.it aplnaca.
S1JUV DOS.
Meats, Fish and Provisions.
DKESSJbD MEATS Belling price, country
kiuea beat nogs, lac; orainary. i4ii7c:
best veals, 14fedloe lb.; ordinaxy reals, 12
iiyic; neavy, xic u.; goal, eiaoc; lamo.
id
t17c; mutton, UUlOc; beef, 04(9a lb.
SM0KO MEAT lis ma, 2Z(sfMe par lb.;
breakfast bacon, 23tf3ac; picnics, 18c; cot-
tsgd roll, 21c; short clears, 2022c; Oregon
exports smoked, xcc per . id.
LARD Kettle rendereo, tierces, 20 He lb.;
standard, 20c; lard coa.ioond. 16 He.
OYSTBRS Olympla. gellon, $3.50; canned
eastern, 55c; $6JM doaen; eastern In shell,
$1.80 per 100; raaor Uams ( ); eastern oys
ters, per gallon, solid rack, $2.79.
FI8H Dressed flouaders.Tc; C1. J nook sal
mon, 18c; s teethes d, 15(U17c: perch. 8 He; lob
sters ); silver smelt, 9e; salmon trout
20c per lb.; halibut, 114,14c; sturgeon, ( );
Columbia smelt, 2c.
CRABS Large, $2.25; medium. $1.75 doaen;
herring, 6c; black cod, 9e lb.
Groceries.
SCGA.R Cube. $9.10; i.owdered. $8.70; fruit
i or berry. $S.10;' Honolulu $3.lfi; l eet. $7.90
cry granuiaiea, 9.u; u yeuow, i .oo. JLDOV
quotations are 90 days net cash.
HONEY New, $3.093 23 per caae.
RICK Japan style. No. 2. 4e; New Or
leans bead, ,6Hc; biuo rose, 5 He.
salt coarse, nan grounds, loos, $11 per
i ton: ous. ii.a; taoie uuirj . oo. siu.uu: luu.
$22.00; lump rock, $20.00 ton.
BEANi small white, i2Hc; large white.
1)4cau,plnk' 10c; Uma' i4c: b,'
"c" Hops, Wool and Hide,
HOPS Nominal: Butina- nrice. IBIS mm.
I ordinary, 6&tc; selected, 6c; contract ( )c
I iwib. , -...... . ,.
Cotswold, 43c; medium Shropshire. 42c; fin
40(Si41Hc; eastern Oiegon staple. S9Q40C per
lb.; coarse aud medium. 3539c.
HIDES Baited hides. 26 lbs. and no. ISc:
salted stags, 60 lbs., and. up, 14c; green ana
I salted kip, 13 lbs., 13c; green and salted calf
I sklna up to 10 ma., i2e; green bides, 26 lbs
J,d no, 18c sugs, 60 lb, aid np. isc;
iuma up. -. r , w w. ny, aw;
dry hides, 32c; dry rait hldea, 25c; dry hone
niaea, aa.wta.ou; sasi dots niaes, d.uuf
6.00; bora hair, 30e; dry long wool pelts, 24c;
ary anon wooi peiu, xic; ury saeep snear
Ungs. each, 104230c; salted sheep shearling,
each. 10i 30c; aaltei iooir wool pelts, each,
$1.6032.50; salted short; wooi pelts, each, 60c
Ul.OU.
TALLOW No. 1. 9S10e; No. 2. 8c; grease.
'VrUTTiS OR CASCARA BARK Baying
price, ner car lota, Hfc7c per lb. -
MOHAIR 2ll7. 6Uc in. ,
SISAL Dark, 14Hc; white. 15c lb.
"Paint aad Oils.
COAL OILi Water whit In drums and Iron
barrebj, 10c per gallon.
UNSEED OIL Raw, bble., $1.14 gallon,
kettle boiled, bbls., 14; raw. case. Ut,
boiled, cases, $13 ral ; lot of 250 gallon.
IC lea. -'. - :.! - . ". 1
TUKPKNTINB Talk. 67e; ease, 74e gal.
WH1TB LEAD Ton lots 12c IN; 600 lb
lets; 12c; sess tots, 12. '
tiASuLlNE Basis . prli. 21H gal.; dla
tlliate. 10H ron.. . , v. - - -
COUNTRY WORRYING
REGARDING SEED FOR
YEAR'S POTATO CROP
Condition Is Serious, Especially in
the ' States Where liberal Out
side Business Is . Done- Outside
Again Seeking Supplies.
By Hyman H. Cohen.
' Latest Information avnrtn hv The Journal
from Its special crop and country correspond,
enu indicates that less than 200 carloads of
potstoes remain unsold In the state, so far as
farmers are concerned.
A more conservative estimate would place
the-hold iDgajn the farms at 125 to 130 car
loads. Stocs In the hands of dealers here are
remarkably small, considering the huge hold
ings of speculators a abort time ago. bine the
first of tUe month shipments to outside points
on previouk sales have been very heavy.
Kxtremel fear is expressed by the trad rev
garuing the amount of potatoes available foe
eed in the entire country. Word comes from
Colorado, ihich is one of the big: snipping
states, that only about 600 carloads of stock
remain In (bat state, while tbe requirements
for seeding! purposes total about 1300 car.
Similar IntoVniation la coming from other sec
tion, of the Won try.
1'otatoes available for planting In this state
are fully up to the normal, although efforts
are being made by growers to plant an In
creased area.
it developed during the last 24 hours that a
demand for Oregon potatoes has again sprung
np lrom various sections of tbe country, al
though only limited business has aa yet passed.
The situation Is somewhat firmer, although aa
yet prices art unchanged.
International News
A Bear Factor in
Chicago Wheat Pit
By Joseph F. Pritchard.
Chicago, March 21. (I. N. S.l The feature
and tbe factor of th varlona market, on the
board of trade today was the continued heavy
selling by the eastern longs In corn In order
to secure profits. This selling was credited to
a coierie oi wan street speculatora who have
been on the bull side of the market for months
past. Their heavy selling caused loxeea of
and le. and tbe corn came forward in such
urge volume that there was little or no
chance for any great reaction and advance In
values. Longs sold wheat In a liberal wav.
sod th losses were l2ttc oats were HQfcc
ower. nog proaucrs wer lOttHtte lower.
Cash sales here S5.000 bushels this was No.
2 hard Wheat at the May price; 29,000 bushels
corn ana uo.uuo bushels oat.
Chicago. March 21. (V. P.l Nwrnnrnini
caused by th una:tled International situa
tion coupled - with renewed peace intimation
from neutral European sources con tinned to
D relt in the grain ms'ket today. All fu
tures showed slight det lines at the opening
and suffered further losses. May wheat
opened down 14c, euheeqi-ently falling off an
additional 2e to $1.84; July dropped e at
the opening and later declined lo to $1.55H.
jepiemoer was aown at u cuenlnar and
lost 1H0 to $1.436.
Corn waa annua thetlc tDonarh firmer. Mav
opened aown He and declined later lc to
$1.H. July opened down He, subsequently
losing to $l.09Hi September opened down
'.sc. jaier declining e to si.VHH.
Oat were alurhtlv loner with malar rralns.
May opened unchanged but auhwatientlr de.
L-uueu -e to oec; juiv opened aown 9ke.
rronsum were irregular.
Rang of Chlcaao nrices furniahed bv TJnited
i-res:
WHEAT.
Opon. High
Low.
1834 '
156 V4
242
110H
109 H
1074
MH
66
83S0
8315
1925
1952
Clone.
Mar
. 180H lf
. 1.V7 - 108
. 14-1 Vi 144
184 J4
165 14
July
September
143)4
lt,
10T
CORN.
. 112 112
. 110J4 HO4
.1084 10U
OATS.
. I 69H
. OdVi 67
PORK.
..- 8400 3425
.. 3325 3v
LARD.
, . 1975 1P7IJ
. . 1U70 1970
UBS.
i. 1SWJ 1800
. . 1813 1615
May ....
July
September
Mar .. . .
68'
561
July .. . .
May ....
July .. . .
May .. . .
July ....
8410
8330
1957
1957
May
July
1797
177
17T
1797
AMERICAN LIVESTOCK PRICES
Chicago, March 21. (I. N. S.) A strong
market for hoga developed today, many sale
at $15.20 being made, with the bulk selllna- at
$14.80 14.90. Th embargo by th railroads
nss disappeared:.
The cattle supply waa nominal, brushing oft
me eariy wee a bloom.
Llv muttons wer steady to strong.
Chicago Hogs $15.06,
Chicago, March 21. (I. N. 8.) Hoes Re
ceipts 35,000. stesdy to 6c higher. Mixed snd
butchers. $l4.OQl4.flO; rxd heavy. $14.85St
15.05; rough heavy. $14.65(S 15.00; light. $14.20
WU.1S; piga. SH.UOtjl.UO; bulk. M4.51
iV.1V.
Cattle Recelnta 17.000.' 10 to W
Beve, $8.60ai2.75; cow and heifers, $700
11 .-OO; stockers and teooer, f8.00fij9.80: Tex-
ans, awjoo(Oi4A-oo; eaivta. 13.XC 16.00.
Sheep Receipts 12U0, strong. Native and
western, ix.aKfl;i2.w: iamb. ix.04Il5.Z5
Omaha Hors $14.75.
Omaha, Neb.. March 21. (I. N. S.l Cattl.
Receipt 9500. slow snd steady. Beeves, $9.50
$1250; cow and hei'er. $5.7510.00; stock-
ex ana xeeaere, o. locaiuo; calves, SS.ooa
11.75.
Hogs Receipt 9000. 5e higher. Mixed and
butchers. $14.36314.70; good to choice besvy.
ia.wHiiit.io: rouirn heavy, ai4.60$l4.60:
Ughtn, $14.10(314.00; pigs. $12.2514.00;
bulk. $14.40a 14.60.
Sheep Receipts 12.000, steady. Yearlings,
iu.wwidjK); weiners, xau.ooailZ-33; lambs.
ij.iOHf ia-o.
Seattle Hogs $14.75.
Seattle, Wash.. March xl. (P. W. S.)
iioga tveceipts- yjo, strong. Prime - light!
$14.66i$14.75; medium to choice, $14,500
14.60; smooth heavies, $14.0014.25; rough
aeanra, io.owbij. o; pigs, W.WftI13.iO.
Cattle Receipts none, steady. Best steers.
$9.7509.90; medium to choice. $9.2569.50
common to medium. SG.5O09.on; h n
rj5X8.7S; common to medium cows, 4.00i
25: bulls. $3.5007.00: calve. Sa.SOfirlo no.
Sheet) Receipts none, steady. UmhL ats sn
013.00; wethers, $lu.&OQ12.00; ewes, $9.50
- Kansas City Hogs $19.0$.
Kansas City. March 21. (p. N. S.) Cattle
neceipis sjw, aiemay. steers, $11.00012.00
cow ana neiier.. SJ.WAaii.uu: stockers and
leeners, so.uwo; io.wj; caive. f 0.00(312.26
Hoe ReceiDts lO.OOO. steadv to aumv. Tm
$M6.0o; bulk. S14.4UW 18.0O-. heavy. $14.80
15.06; medium. $14.70015.00; lights. $14,501
& 14.90. .
Sheep Receipt. 10,000, steady. Lambs. I
tl4.00$14.95; ewea, $lO.00&12.00; wethers,
10.50ai2.20.
Denver Hog $14.50.
Denver,, Colo., March 21. (V. P. Cnttle
Receipt -120O. steady. Steer. $9.0011.50:
cow and heifers. $7.00(9,06: stockers and
feeders. $7.0(Xft.85; calves, U.0Oail.75.
Hogs Receipts 800, steady. Top, $14.70;
bulk, $14.00(314.50.
Sheep Receipts 9000, 15326c higher. Ewea
$U.0O311.6O; lamba. $13.904. 14.40.
Seattle Grain Market.
Seattle. Wash., March 21. iPl X, S.V
Wheat. Maestem, $1.71: Turkey red, $1.71;
fortyfold, $1.06; chto. $1.65; Fife. $1.03; red
Russian, $1.62; barley. $38.60. Receipts:
Wheat, 1 car. .. . .
j' SILI mm0mmmm :
. American Wheat Options.
x, , May. July.
Winnipeg 183H 181 H
Minneapou ...... I84H 178
St. Lonls.......... 184H 1524
Btooks. SMads. Cotton, a rain.
aiS-217 Board of Trad Bousing.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Knnbsrs Ojjcags Board of Trad, -
Correspondents of zvogan k Bryan.
tptcaAro. Bsw.xatk,. "
Overbeck Cooke Co
Eastern Bears in
Control of Wheats
Utilize 111 Rumors
Talk of Germany Seeking Peace
and Reselling of American
Wheat Are Factors. '
NOBTHWEOT OBAIN RECBIPTS.
Cere.
Wheat. Hartey. Fir. Oats. Bay.
Portland. Wed... 4
Year ago ........ ' i
Season to date.. .4180
2
6
1
1
1SS
1433
1
iia
491
2
3019
873
115t
1430
1886
2030
I ear ago. 920
Tacome. Tuesday. 13
Year ago. jo
Season, to date...S2t
Year aero
41
2NS 1591
293 196T 1
Seattle, Tuesday. 1
T
5
1313
1752
1 W
I SSTO..
8
1 IB
007 8190
834 SMj
Season to date.,
.4234
.4997
.too
1217
Year ago
Eastern grain speculative interests "heard
daring tbe morning that Germany was suing;
for peace, and far that reason the bear ale-1
ment beat down price for wheat In the. early I
Chicago trading. There were also report that!
Europe waa rescuing American wheat. But this I
is a revival or. the) old story which never seems l
to materialise, and la naed. almnlr to lnflueooa
- - - - g
at tidewater foe wheat, the eUuatlorrTn the in-1
ienor ot xne memc norrawest is nro, ana i
none ot the milling varieties of wheat are I
available, except at still higher prices. I
riour and auUlatotia eontlnue very nrra at
full prices. I
Broomball cabled from Liverpool:
Uvernoot wheat market firm, with mod erst I
export offers and limited arrivala. Argentina
clearances moderate ana Indian ana Australian
offers firm. Oat firm.
Argentina weather continues clear and warm.
Gathering la th north of com continue, and
light, yield Is being revesled. In th center
the outlook 1 satisfactory. In th south It 1
feared that prospects have been over estimated.
Freight 'its general market is very nrm.
Stacsrclt. . .
k,1sk Wsa Ssl ST lil. W1I
urinir. $9.40: xnort. $7.85: whole Wheat.
$8.60; graham. $8.40; ry flour, $8.7i per
barrel.
HAx
HAY Buying price, new crop: Willamette
valley timothy
By. lancy, 13: eastern uregon
Idaho fancy timothy. $14(915; alfalfa, $17.00;
valley vetch, $14(315; cheat, $1415; clover,
$13.
GRAIN SACKS NomlnaL No. 1 Oalontra,
HHtllc In cailots; less amount higher.
kllLLSTUfr-S selling DTlc; Bras. $2891
29: shorts, $32(o)33 per ton.
ROLLED OATS Per barrel. $7.60(8.00.
ROLLED BARLEY Per too. $42(343.
Chicago wheat closed with a sharp loss and
tho feeilng her was weak. Spot b'ds showed
a loss of 1 to 4c a buiO. A sal of 600 J
bt'shels of Msy bluestein was msde at $1.72
and io.ow bnsael Msy itwtyioM st fi.oo.
Oars bids were off 2ti a ton Whil barley
gained 25c.
uercnantsr Kxxsange Marcs oius:
WHKAT.
Ved. Toes. Mem.
1917. 1916. .1917.
.... lot 97 172 173
.... lti& 89 168 169
163 88 167 1(W
101 87 162 101
OATS.
37 W 2378 S725 S725
BARLEY.
8925 2800 . 8900 8900
Bluest em ...
Fortyfold ...
Club
Red Russian
Feed
reed
Future wen quotl: s
WURAT.
Rid.
April bluest em 179
May blues tern
171 H
165
163
1631,4
163H
162
161
April fortyfold
May fortyfold
April club ....
May ciud ....
April Rnsnism
May 14 us bl an
April
FEED BARLEY.
89:
FEED OATS.
April
... 8715
May
a
760
COTTON SHORTS COVER: WITH
REPORTS OF BAD WEATHER.
New York. March 21. (I. N. B-V-TJnfavoT-
able weather offset disappointing Liverpool ca
ble in cotton at the ODeninr today, when to
ton was firm, with th nar option tip 4 to 0
points and the later position np 12 to 15
points. Cover trig of shorts vra a feature, and
there was a good demand from wall street.
Commiaslon bouse and southern Interests sold.
After tbe cau th near month advanced 6
to 8 points, which brought them in 11a with
the later positions.
Liverpool reported advances of 2 to S point.
Range of New York cotton price furnished
by Overberk a Ook (., 210-317 Board of
Trad building:
open. .Hign. isvw. cKwe.
Jeruary 1855 1834 lSf.5
May I5i vm Boa jwii
July 18i6 1801 l7i
uctoner ........ luia . im jwi 1
December 1833 1853 1S33 183f
NEW
york
BOND MARKET
Furnished by Overbeck A Cook Co.. 216-217
Board of Trade nuiiaing:
Rid.
Ask.
Atchison General 4 94
Baltimore A Ohio Gold 4s 91
Bethlehem Steel Ref. 6 100
Central Pacific 1st 4. ........ . 90
C. B A Q., Col. 4s 97 H
St. Psni General 4H 101 H
Chicago N. W, General 4s 96
Louisville A Nashville TJni. 4.. 94 H
New York Ry. 6 89
vs
102
98
?H
4V
Northern Pacific P. I. 4 93
Reading General 4s 94
Union Pacific Ut 4 97 V
TJ. S. Steel 6 1064
3H
e4
974
100H
Union Pacific 1st Ref. 5s...... 92j
Southern Pacific Conv. 6. ..... 100'.
Southern Pacific Conv. 4 854
Pennsylvania Conv. 4V4a.t..... 105t-
9f
10m
1064
101 H
91fi
PennsyKaala 1st 4Hs 100V
Chesapeake A Ohio Conv. 6s 91 Vs
BANK STATEMENT OF COAST
Portland Banks.
This week.
...f 2,503.795.25
2,328.257.78
. . . 2.07 4.r37 JO
Bpokan Backs.
Clesring
Monday .. .
Tuesday ..
Wednesday
Year its.
$ 1.949.159.14
1.824.778.22
2,026,237.40
Clearings ...'..$ 1,000.679.00
Balance 166,627.00
to Angsle Bank.
Ctenrtng $7,lfi2,9C2.00
. Seattl Baaka.
aearlnca ;... $8,004,519.00
Balance . 954.204.00
Taooma .Banks
Clearings ...S S87.445.00
Balances ........................ 211,330.00
- nan it ranoaco sank.
l"rlall1 naval . 60 sTSM aa
vicossus . ... . .91 strvj.cKHy.OU
PORTLAND FIRE RECORD
Tttssday.
12:33 p. m., 406 Glenn avenue; over
heated furnace, slight damage.
Wsaassday.
No fires. .. - '
TJIALSEY
MARMONIZES
In 19t0 Halsey,
street f roni E.
Iwenty-second
.to Holladay ad
dition wis improved, and its ap
pearance : was so enhanced that
the following; yearHalseyttreet
from East Fifteenth to Hblladay
. addition was hard surfaced with
the same material. '
; Bitulithic ;
- i- Warren Bros. Co-- -
. Journal Bldt;, Portland," Or.'
FACTS
STATE
Edited by
Hyxnaa H. Colts
LAMB -LOSSES VERY
SEVERE IN COUNTRY;
C. Ray Heckle f of Portland and
Fossil Says Cattle Conditions Are
Not Bad- California Is Shipping;
Hogg in This Direction.
PORTLAND LIVESTOCK llt?N. .
Bog. Cattle. Calve. Sheen.
Wedneodar
t79
TO
14
IS
831
Tady ..
Tl
ia7
410
h7
SU
BOG
4ta
21
870
60
Monday ...
Saturday .
Ftlday ...
27
2
204
"inursaay
40 1
OS 6
T4
id a
4
Week ago .......
88
i!" ?T ' "1"
Three years ago... 1041 SI 1
723
sour yean ago.. . . 211 rW 1
1271
,. ,
.f? ?J.e"u:
bbbm rn srwij rB iai m sen Mia sir ism-wi fwai n vs.
tl m f la and .Isunba burm ben
9m J-S7 VAPrl A ihaf ai'aal V, a. ai ksl.
to this city by o7 Kay BeekVar. Resident of
the Western Produce Co. and a livestock a
of tbe Fossil section.
"Weather condition a while I was St rbs-
su las wee.-- smrs Mr. Beckler. "were Terr
la. It stormed all tbe time. Stockmen bad
niutw apoa puinng rcetr catxie on rang
or Msreh. lO and had plenty of feed np to
at rim. When the weather did not mod
erat they wer forced to torn th stock loos
becaas of th abort are of feed. Tbr ar
liberal supplies of cattl on feed In that sec
tion and th Quality is generally favorable.
rnwsjrrs, However, are ark log exirem values,
Lambs Di is Cold.
"With lambing now well on and the eeld
weather rather extreme In tha in tar tor. th
IlosKM bar been MnsiJlT aerere Tfca
I. w - -. .
11 ' www.
Durloc th last few- meek there baa been
rather liberal marketing ot bog on the Norta
t-orsiana mnrket by iiuiiorns interests. Br.
ecal load cam lorward overnight ausY-tney
stowed good quality.
Hog. market In general 1 steady t firm
wttn no changes Indicated In prices.
General hos raaxe:
Heavy packing ,$14.40214.60
Meat light liJK014.W
Rough heavy 13.004. 13.50
Plga 1X6M
Stockers 18.00C11L50
Feeder OatU Soaron.
Ther la scarcelty of offerings of feeder
cattle. on th North Portland market with aa
excellent demand shown. Oa Monday sale
of feeder steer, were Sad from $7.50 to
$9.00 and the demand coL-tiane favorable at
a alnxUar range. Feeder cow are very
scarce wiut offer around $8.0OSJ7.6O. ao
cording1 to anaiity. stocker steers ar la ex
cellent demand around $6.004.8.00, th .high
esc price ever Known nere.
General csttle market rang:
Prim bsavy beef staora ...v $9M& .T
Prim light beef steers 9.601 S.SJ
cnoic oee 1 cows T.litm SOU
Beef belters SO
Ordinary to good eows 6.000 T.T6
Prim heavy butcher bull S.T54J T.Z1
IJght bull 6.00Q SJV
Colve T.O0i 10.60
Srock-fder steers S.76Q 6.60
Btock-teeder cows 6.09(1 OjOO
Little Call for gbp,
Whn there baa been practically nothing of
fering on the open market In th way of
sheep and lamb of late at 'North Portland.
the demand i not keen. Tbe big killer have
plenty of their own stock on nearby fsedlots
which they 4re bringing forward to fill their
rsntremeuta. Demand at the best just now
I small because of the extreme prices which
ov cur consumption to tne test notes.
General mutton and lamb market:
Beat east of mountain lamb SU.00Q13.25
Beat valley lamba 12 jMHi 13.09
Weth 11.76$12 00
Kwes '. 9.0a 9.7
Goal 4.25a 4.&0
Wednesday Livsatock Shippers.
Hog Reese Loop. McMlnavUl. 1 load;
0. K. Wlllard, MarysvlUe. Oal.. 3 loads.
Cattl J. W. Brown, CorvaUls, 1 load.
Cattl and Calve Janous 4 Berth leaoo,
Yfoodburn 1 load.
Sheep Union Meat ca. Lyks, wash., $ load
I direct
1 Mixed Stuff J.
i. McFadden. Corvam 1
load cattle, calve and hoga; t. B. Decker,
SUverton, 1 load cattle and hogs: W. A.
Ayrea, Eiagene, 1 load cattle and hog.
. Tuesday Afternoon Sale.
. COWS
No. Av. lbs.
2 cow .' 845
1 cow 010
Price.
$ 6.50
6.73
T.50
7.75
$.80
. 7.60
6.00
S.V0
$13.
14.26
18.25
1S.60
18.2E
1423
i COW 1190
1 cow
1 cow
1 COW
1 cow
2 cows
2 hog
82 hog
2 bog
8 bogs
1 hog
8 bogs
780
.............. e-w
110
ia
880
HOGS
690
169
, 4J6
US
42L
2t!
Wednesday Morning Sales.
Av. lb.
45
No.
2 hogs
18 hog
6 bogs
1S
61 bog.
8 bog
1 bog
1 W
1 hog
rrlce."
$13.23
11.73
81
230
14.23
470
.u 410
M ISO
S50
w &v)0
S40
eras' 600
1........ 800 '
. 123
a SS ar a aa a 12T
a mm a w XafO
ae SJ n mm 1 lrT
140
)W 1
ISO
13.23
13.23
14 .25
13.25
1329
13-25
13.26
1 ...
2 hogs
6 hog ..
1 hog ...
6 bogs
1 bog ...
13.20
12.75
12.76
12.73
14.25
14. Ti
14.25
14.23
) hogs ..
2 boa ..
2 hogs...
1 bog ...
8 bog ..
125
S90
172
STEERS. a '
83
COWS.
767
aaeaeaateasie!
e f0
.' 880
14.2S
131
14.
steers
9 8.75
8 cow ......
$ 0.73
6.00
1 cow
2 cow
1 cow
6JW
6.60
.7S
1 cow
1 cow
1 cow
HETFERS.
1 heifer
2 heifers
STAGS.
1 stag
910
900
6.fX
T.23
730
630
$ T.23
6.50
.. 1530 8 8.00
New York Sugar and Coffee.
New York, March Il-tU. P.) OofTee
1 Spot, No. 7 Bio, e: No. 4 Sangte, 10Vi;
I sugar, centrifugal, $3.W
I -
STORM
LAMBING
"The best system of bookkeeping
for the housewife is found in
the checkbook'9
The above is extract from editorial
page oc Portland newspaper.
A checjdfig account affords a consecutive and complete '
record of all payments. And your money has NATION
AL BANK PROTECTION when deposited, here.
The UNITED STATES
NATIONAL BANK
Third and . ;
Oak Streets
lllllllllltllttlliiiinmiiummiiiiiiiiiiiHmin,,,,,,
-, .
Extra Session Call
.Has llo Effect on
Stock Mart Trade
- -4.- -
Tij Charles Vf. Storm. '
Vw Terk. Xareh tWl V. 1 Betalebeni
Steel "B" stock, after seUlag at 143. lad
aroud 141 yeinta. and Steal esnuaaa rsartsd t
aravnd UT peiats yat Wfsr tk 1msw Ma
ris etmaMs, after selling ay t S$4. ended
ss sotnta wail tn referre. alter
ailing down t U. ralli4 t around gift
petnts, .
Chaagas is the railway tssnet
satrss wer abost vnly divided.
New York. ' March 21. f I. If. S.) Tfa -
nonneement that aa xtra asaslon of tongis
ha been called cam as no surprl to th
trswt, and th mark at th opening anovred
pronoaneed strength. Later, however, rea.Ua lug
ales wer in evidence, and those Issue, which
bad mad gain dropped to or below yssteroav
final figure, .
Th steel lssaaa siafsd nononaced stieugth
In th initial dealing, first -ale of U. S. Steel
common being 23,000 share at 117 to 117M,
agalrwt 117 at th close yesterday, but wtteia
few mlnatas th stock declined to yesterday
nnai ngnre. Bethlehexa Steel B roa 3H
point to 142H. and the regular stork opened a
point ap at it. American can advanced 1)4
point to 494, followod by a quirk reaction to
48H polata. Sloss-Shflld np 1H Polnu to
Tn copper shares ware generally In sappry
st concessions. Utah declined 1H to 114 W
polata, and American Smelting, which opened
higher at lOBH points, decile ed to 107.
The market waa generally under pressure.
with offerings at con cess Vorsi at tb end of th
lirst IS minutes.
The nvariae lasses wer weak, tn common
decUnrog 4 point t $04, and tn preferred
irora 2 to 90 h polata.
Various rrouns of Inn moved In eonoslte
oarocaon in xn xar torecoon. ut war order
and equipment stocks snowing pronounced
irengui, witn iTncfii Htcel seiner at 63 H.
a gsaa or over n noiDt ana Baldwin loeo
motiv waa np S point to 69H. American
Locomotive Jumped to 75. Lackawanna ruae
to ML. a awln at 1U tlcanra
L Tne copper share were generally weak.
bowing Inssts of about a point. Marine com
mon, after selling at SO, roe to 32 and th
preferred sold at 604.
To railway toc wer generally lower
with Reading declining from 9$H to 96T4-
noney waning at 44 per eear.
New birh level for th dar wer reached
in many issue in u Brternoon trading, tm.
at the beginning of tb last hour another sell-
RtLrI ''l" TT!lo!
Ktei eenunoa. after t-oucviisc lis point, re-
ctd to 117: M.rin advanced to 834 ioint
and then declined to 32 H
General Motor was I
weak, and dropped 4 points to 122. Bethlehem
a roe to 1U. gain or over 4 nolnta
tor tbs day.
Ran re
Of New York nrtr
furnished by
Overbeck A Cooke Co.. 216 217 Board of Trade
bolldlug
V - x.-
lw l.loee
DESCRIPTION.
Open I High
Alaska Gold
AlUs-Chalmer, e
. 00 pta
American Beet Sugar. . ,
Ametlraw Can. c. .....
do pU
American Car Fdy.. ..
Amortcan Cotton Oil. c
Ameriean iAasMd. c. .
- do pfd.... ,
American Loeo., e ,
American Saatlter, e. .
do Ofd.
AnMrican Sugar, c...
American Tel. A Tel..
American Woolen, a...
Anaconda Mining Co..
Atchison, c.
do fo. :
m4
i27Vi;i27M
Baldwin Losa,- e
4 Pfd
. ... . . J......
Baltimore A Ohio, ,
muteness steet. ...
Brooklyn R. Transit. .
Butte A Superior
Onaf. Petroleum, e...
do pfd
Canadian Pacific
Central Leather, c...
Chesapeake ft OWo. . .
Chicago A Gt- W-, c.
do Dfd
Ctilcago, M. A St. P...
Chicago A N. Vf-, a.
116V
mine copper ,
Colorado F. A e...
Con. Ga
Com Product, e..,.
OrociKl 8teel."e!!!
eV pfd.
t A R. G., pfd.
Distiller
Erie. .
do 1st pfd.
General Elertrte ....
Goodrich Robber ....
Gt. North, Ore lands
Ot. North., pfd......
Greene-Can.
Hide A Leather, e...
' do nfd
rat
111'- 111 v.
34
f?
lee Sec ill I ties
Illinol Central
Industrial Alcohol ..
12H
34
134
Inspiration
Interboro. r
Kennceott Copper ....
Ksn. City 80 e-
Ft fly Springfield ...
Laekswsnna Steel
a.
46
23 V4
SHU I Mil
mill anil
lailgh Valley
Louis. A Nashville..
Maxwell Motor, e ..
Mexiean Pet role trsr .
Miami Copper ......
Mkdval Steel
MS
034
41?
"8"
M., K, A T., C
do pfd
Nattons. Lead
NV4
23
Nevada Cos. .......
New Haven
464
New Ofork Air Brake,.
152V.
New York Central
9b
244
N. Y.. Ont. A Wewtemi
Nor. A Wester iv, e...
Northern Pacific ....
Pacific Madl ........
Pens. Railway ......
Peoples Gas ........
Pittsburg Coal, e ....
do 'pfd,
Pressed Steel Car, e.
on ofd
inv
105
106
244
P4i4
Vi
60 824) 80
Bay Con. Copper ....
Railway Stoat Spring.
Reading, e
do let pfd
do 2d pfd
Ben, Iron A BteSL ..
84 H
102
k nfd
103
Sear. Roabock A Co.. .
lift
Shattnck
Stndebaker, C .....
do pfd
SVmsj Sheffield ....
Sonthera Pacific ....
Southern Ry., c...
do pfd
Tens. Copper ,
Union Pacific, pfd .
l
T3
06 VA
2V4
ST4
BS
16
l ex so oil
Third Aveim
Union Pacific, e ......
do pfd
0. S, Rubl-er, s .. . . . .
do pfd
C. 8, Steel, e
do pfd ... . ........
Utah Copper ...........
Virginia Chemical, c...
W. U. TL
W'eatinghoo Electric.
V'llly Overland ......
Woolworth
220
130 ;iK9V4
614 614
lOTtf 107
UT 11S
118V4 118V4
115V uVi
84
H4
84 !.
1 Total sale for day 1.268.200 share.
Member Federal
Reserve System
..ij.
saxasaj
SI
60V4f 61
107V4 107
116 116 -
97H ST I
5??7 ?
1144 M
. all I
Finance Timber :: Industry
Country Sound Enongh Financially to WILUstand Even War Shock,
Says Banker Russian Bonds Stronxjrr Since Revolution Fed
eral Reserve Board Approves Foreign Loans. "
Country's Tlaaace TrtasssflalsA ,
declaration of open warf ars between
th United State and Germany would
havs no serious disturbing effect on
ths financial situation of ths country.
in ths opinion of &. u. Crawford,
president of ths Lumberaens Na
tional bank.
"The country is in a much stronger
position now than ever before," h
ays. "Until three years ago w nsver
thought of financing- a foreign gov
ernment, Now ws ars financing most
of them.
"What msds England a great com
mercial country was that she loaned
money, to other countries. Water
runs down bill aad both people and
countries do business where they pay
their debts. I don't see how anything
conceivable can disturb the financial
strength ot this country."
XsTolutloa atrsagtaeas Bonds. Th
revolution in Russia has Increased the
demand for Russian loan bonds and
strengthened the market materially,
according to Morris Bros, and the
Lumbermens Trust company, who ars
agent for these bonds. There are at
present two Russian loans on the
market here, both bearing; five and
one-half per cent InterSaC On issue
becomes due In 1921; ths other la
1926.
Bond houses report that French
and Canadian loans have also received
an Impetus from ths Russian revolu
tion.
Board Approves Xoans. In explana
tion of its attitude toward foreign
loans, the federal reserve board has
issued the following statement:
"'rom statements which bav been
published from time to time, both In
ths American snd foreign press, there
appears to be a misunderstanding of
ths attltuds of the federal reserve
board with respect -to investments in
foreign loans In to United States.
. ..1.
?n more tnan one occasion the board
mm enucavui eu 10 ruuivv ium uua-
understanding.
So far.-Xrom objecting to the plac
ing of foreign loans In ths American
I market. It regards them as a very Im
portant, natural and proper means ot
I settling the balances created In our
1 , n.1..-.
are times when such loans should b
encouraged as an essential means of
maintaining and protecting our for
eign trade.
Torelga Xoaas fopTi1ar Ths Febru
ary report of th comptroller of cur
rency of the United States indicates
that ths national banks alone have In
vested over .$4(8,000,000, or about 2
per cent of their total resources In
I foreign government bonds snd credits.
The aggregate amount of foreign gov
ernment obligations owned by state
snd private banks throughout the na
tion undoubtedly runs Into figures pro
portionately as great.
Bank Besouross Gain. P o r 1 1 a n d
banks havs gained largely in resources
and deposits in the past year, accord
ing to R. O. Dun St Co. Statements
made in response to ths latest call
show resources of $108, 440. H9 as
against $105,340,859 In December and
$80,097,668 one year ago, deposits of
I ' ' v against i,vi,iii lu io-
1 wcmuvr auia . f v, 1 1,1 aa a, agu, anu
loans of $55,609,864 as compared with
$54,77,91$ at the close of the past year
and $45,200,881 one year ago.
General business continues good In
Firemen Would Give
Hour to Fire Work
Two-Platoon Advocate would Bo srs-
veatloa Work oa Own Tlznsi CThlsfs
Bay Xdsa Impractical.
Owing to th arguments advanced
that ths adoption of ths two-platoon
system for ths firs bureau would auto
matically end firs prevention work.
firemen advocating ths adoption of a
charter amendment providing for tho
system propose to pledge themselvss
to give one hour a day on their own
time to fire inspection work, should
the amendment be adopted.
Under this plan, if a man la off duty
during ths day, he would give one hout
gratis to ths city, and If off duty dur
ing ths night, on hour of his tlms
would be given for ths firs prevention
work.
Fire Marshal Gtevens. in charge ot
the fire prevention work, and he is
supported by Chief Dowell snd ths as
sistant chiefs, contends that such a
scheme would be impracticable and re
sult In great confusion if put Into sf
feet.
Stevens argues that the city would
have no control over ths men on their
Urns off. owing to ths fact that ths
men would stive their services volun
tarily, and- that thers would be a divi
sion of responsibility. Six hundred
men, says Stevens, would be needed to
carry on adequate Inspection under the
proposed scheme, where now ths work
is being systematically dons by a much
smaller force.
The men now engaged In tbe work
spend five hours a day In Inspection,
snd ars subject to call for fires. Un
der ths new system ouulasd a differ-
STOCKS-BONDS - MORTGAGES
SECURITIES OFFERED
5 MMSL
Railway Exchange Buildinf.
Established 1893
Dated March 1, 1917
Denominations 100, 500,; ,1000.
ujmbermdis Dominion of
Rfc, 20-ywur
and e
Stark
(or earlier
, We Offer $50,000.00 , -
Carolina Power and Light Company.
First Mortgage Five Per Cent Gold
s-er vent, ws regard- mass Dona as a very good Investment '
CLARK, KENDALL & CO. u.
nOoaos) vorthwestsru Bank Bid.
kit km.
Li jj Lewis Bids. Phone Mar. 55
Amounu as small aa $100 may
1
orders receive as careful consideration as those for larger sums.
all lines, but there is little spallation v
Is visw of ths foreign situation. Ad
ditional contracts for wooden' sailing
vessels are pending, and th continu
ance of the shipbuilding Industry here
after ths war seems assursd.
Ths car shortaga stOl interferes With '
lumber trade and also restricts) - ths
sals of cereals and flour for shipment
east.
Collateral Sold. - It Ii learned
through ths Liumbermens Trust onv
pany that approximately SIO.000,800 of '
ths colisteml deposited as security for 1
ths three British government collateral
loans has been sold, and that ths pro
ceeds havs been used tor ths purchass
of th bonds, thus bringing about a re
demption of tha outstanding Issues.
Ths three British loans aggregate
$800,000,000 and ths collateral behind
them totals S9S0.t00.000. Ths original
agreements provided that ths agents of
th British government hero could st
any time substitute other collateral of
gold for any part of ths securities de
posited with the designated trust 00m- '
pany as collateral for ths loan. This
option hag mads It possible for the
fiscal agents to dlsposs of some ot ths
American securities pledged by ths
government, and to us ths money for
the retirement of the bonds. This ar
rangement is very profitable to ths
British government providing ths
means of taking advantage as ths
American market Is capable of absorb- '
lng them and reducing their loans sci.
cordingly and stopping Interest. Ths
British government took advantage of
th sag in ths market occasioned by
ths break with Germany and quietly
bought up $$0,008,000 of Its short term
notes. With this Information la ths
hands of the public It is doubtful If
there will be a recurrence of ths re-,
cession In prices for th British se
cured notes. ii
Jobbing Trade Oood-Portland lob
bing trsde with the tnterlor is of sat
isfactory volume, according to Dun's
re Dor t and the merchanta ara confl.
dent that prosperous conditions will
prevail throughout ths yesr. Farmers
are holding only about 8,000,000 bush-'
els of wheat, not more than enough
for coast needs during ths remainder
of th season, snd ars preparing -to sow .-"
a greatly Increased spring acreage, as
the srea in winter wheat la less than '
usual. Potato planting on an extensive -scale
Is also expected owing to record
prices during the season now ending..
Effort to contract for ths eastern
Oregon wool have failed as buyers con
slder prices asked by ths growers pro
hibltiva For 'medium wool 40 cents
hs been offered and for fins grades
$5 cents, but sheepmen sre Inclined to
hold until after svhearlng time and dls.
pose of their clips st the regulsr sealed
bid sales. Ths sheep have wintered
weir with the abundance of feed, and'
In view of the high price or wool and
mutton unusual cars has been taken of
the flocks. Lambing la under wsy with
a minimum of losses, while tb rat
of Increase , Is higher than in former
years, 'Owing to steps taken to improve
the breed. Goat shearing has startsd
in tbe southern part of ths stats. Ia
ltlal offers of 60 cents for mohair havs
been rejected by growers.
Hog prloes have advanced to KH
cents with a steady decrease In re
ceipts. Sheep ars also scarce and con
tinue high, but ths cauls market Is
easing; off with a larger run at ths
local yard a !) s
snt msn would do ths Inspection every
hour of the firs.
Fifty-Three Admit
Frauds in Election
. - -1
Indianapolis,' Ind., March 21. (I. r.
e.) Fifty-thres of the 114 defendants
In the election conspiracy cases plead
ed guilty when srralgned In th fed
eral court hers today. The principal
defendants. Including Mayor It, O.
Johnson of Gary. Chief of Polios Sam.
uel PSTTott of Indianapolis, Dr. O. W. ..
Edmonda Republican candldats ' for
mayor of Frankfort, and leading; poll- "
tlcian of EvansvlU either pleaded not
guilty or filed demurrers. Most of ;
those who pleaded guilty were colored
men who admitted that they sold their
votes In Evans v 11 le. ,
San Francisco Grain Market.
Sea Fraadsc. March 21. Barley call: '
n March 21 March CO
I Open. Cloae. Close.
May 2B 280A 2ITS4H
December loo 100 isutZ .
Barley sale. 200 ton JMreaaber. . V
ej.vi Vis.
.v7V?5a.id: biw.o7-vio"u'
SaSro17' - whits sata,
Millatuff Bran. $31 00332 0O: xniddlings.
$.. 44 -00 soorts, 7fosio.r
POXlTLA!fD
DAIRY EXCHAJfGR
Frless Ills seat da1rs:
1 MUTTER. Vfseb
W.(l. Tn. Moo. Trl. Tim. ago.
fyS' rnit::-:: it !t te !t V
First .S 84
airy 20 29
Oarrsst toceipt.'. .2ii 29 jgt 28 V4 28
,i CIlfiEHB. " "
Tlnarnoc trips. 23 53 23 it
Or go trip...... 22 28 28 23 la
rjuus.
'29
32
23
BY PORTLAND HOUSES
4
.mi...
Si 50,000,000
Portland UpminiOn Of Canada
. . J5 Gold'BondS
Dae March V 1937
f Price to net 3.4 0
5' to yield 5.40.
Subscription Closes March 23
at option sf ths government.)
Bonds dus August 1, ISIS, yielding $.21
Inycstment, Bonds
Preferred; Stocks !
Local r Securities: :
be Invested throusti tts. and sacS
A