THE OREGON v DAILY JOURNAL, PORTLAND. THURSDAY. MAY 24, 1917.
21
OUTLOOK FOR THE APPLE MARKET EXCEEDINGLY GLOOMY
Edited by
Hymen H. Genoa
MANIPULATORS TRY
TO FORCE GROWERS
TO SELL POTATOES
Want to Huy Cheaper to Fill Or
ders and Therefore Invent Vari
ous Bearish Stories Good De
mand Continues for Stock.
BERRY FAMINE NOW
SHOWN IN COUNTRY
P PRICES HIGHER
Sales of California Stock Made as
High as $2.25 Crate for 20s Here
Kennewick Picks First Crate
Which Sells for Red Cross.
APPLE MARE NOW
A BAD POSITION;
FUTURE IS DARKER
Lack of Foreign Markets Due to
Embargo Against Shipments I"
Likely to Have Depressing Effect
Upon Northwest Industry.
-Gfirernment pun lift?! of old potatoes con
tlTiue, arcordliig to the general trade, despite
the attempt of certain buyers and newspapers
to force growers retaining the limited sup
plies In tlie state, to Bell thetr product at
lower price than the market Justifies by say
lt.g that the goTernrapnt baa quit buying: old
potato and la taking new stuck Instead.
If this Is true, then the government Is pur
chasing Inferior quality because quality for
quality at thl time, the old atock Is far
better than the new growth for both keeping
end coHfumptlv purposes.
It deyelopa that the reason that ome of
the buyers are talking so tx-arlsh regsrdlng
the price snd demand Is because there are
prnrtlcally no stocks remslning here In speca
lat'.Te bsuxls; the remaining small lot will
probably L moved out wltlilu the presnt
week.
YVtllw there 1 more offering of potato
from the country at thl Urn because 01
the delayed s.-edlng and the Impossibility of !
planting the acreage ome of the grower had
Intended to put to. stUltae total of these
small lot remaining la not Urg and there
will be a demand foe every aack left.
Call for eed from outside point la keea
with the possible exception of California
and even there sum of the grower ax pur
chasing Oregon, ed at thl Urn.
ASPARAGUS MARKET FIRM
Firmer tone 1 showing for asparagus In the
local trade with aale of Columbia river banco
lock at Sl.&ViU.OO per dozen generally. A
carload of Wall WeJia stock Is du Friday
nornlng and will sell around 91.30 Pr pyra
mid. VEAIj market again better
There la a ateadler tone generally In the
ra! market along the street and a!e are
gain reported a high as Uc a pound for
top quality. Receipt during the 2 hours
were more limited. Hogs firm.
WHITE ROSE SPUDS COMING
Mrst full carload of white roee potatoes
of the season I due to arrive from Lea An
geles In the local market next week. The
stock Is .Hil to be In g'xxi condition and will
sell around 7'c a pound.
A famine of atrawberrlea la shown all over
the country generally and higher price are
shown at all points. Tba first crate of
northwest berries has been picked at Kenne
wlck and has been sold ther for th benefit
of tba Red Cron, bringing a vary high price.
Not' only are California berry shipment ex
ceedingly small, but tba morning train waa
ao delayed during to day that practically no
sales could be made until th afternoon.
Market for atrawberrlea hers la firmer and
higher with further advance at primary point
In the south. Sales wer shown along the
wholesale way during the laaC 21 hours at
i.uuiU.zo per crate tor aos.
It la stated that the big chipper of Call
forma bare practically secured a "corner on
remaining supplies In th Sacramento and
rvBsno section and that this la a big influ
ence la boosting value upward.
It 1 expected that It will ba fully two
week before any material supply of north-
art berries Is available for tba trad ana
extreme values are expected to continue.
RIPE BANANAS ARE SCARCE
(iri-st scarcity of rlie banana la shown In
the trade, Hereafter ahlpmenta will be made
..i... . fr,m New Orleans instead oi
weekly as heretofore. General sjeUUig price la
now &c a pound locally.
CARRAGE MARKET IS EASIER
u-hii iho rnrlonri of Ix Angeles cabbage
which arrived durliig the day came at the
former full price, values are lower again in
the south and a reaction Is due here during
the cuinlng week.
BRIEF NOTES OF THE TRADE
No truth In the report that hide market ha
gone to pieces.
Cirrus powder washing compound la ZBc a
case higher.
Sugar market weaker and lower In the eaat.
? Salmon run almost quit In the Columbia
and Willamette. .
Carload of mixed vegetables In from the
south. . . . . .
Mohair market 1 extremely quiet and In
clined to show weakness.
SHIPPERS' WEATHER NOTICE
Weather bureau advises: I'rotect shipments
during the next 48 hour as far north a
Seattle against minimum temperaturea of
about 40 degrees; northeast to Spokane. 44
degrees; southeast to Boise. 42 degrees; south
to Ashland, 44 degrees. Minimum temperature
at 1'ortland tonight about 48 degrees.
30 CARS CALIFORNIA
CATTLE COME HERE;
L
MARE
25C
WE
Big Run of Grassers Reported in
From South Overnight Only one
Car of Local Stuff Hogs and
Sheep Holding Steady Locally.
All Cereals Show
A Loss in Chicago
Trade for Session
By Joseph F. Prttchard,
Chicago. May 24. (I. N. S.) The wheat
market sold off sharply during th last half
boor of the session. July ranged 8c lower.
September ranged 7o lower. The bearish
fluence waa a message received here from
Dow Jones sajlng that In a naval battle 4.8
German vessels were sunk and eight vessels
of the allies were lost. This csused those
who owned grain to open the chutes and al
low It to pasa down to the various pits
Corn price were MiiS6Tc lower.
Oats were off 1U2TsC.
Hog products -were Irregular and mainly
lower In price. Cash sales or wheat to mill
ers today were 20,000 bushel, corn, ao,0u,
and oats, 85.O0O.
Chicago, May 24. (U. V.) Trading In wboat
continued dull today, with the comparatively
few aale recorded somewhat tower than yes
terday's close.
There were as sale la July daring the first
quarter boor. That future then opened at
$2.24, 8c under yesterday's close, and later
dropped to $2.23. 'September .opened down lc
at J2, sad later lost c "
Corn alumped with wheat. -'July was down
IVrc at th opening, to 11.&5H, continuing at
that figure. September waa off c, subse
quently losing another 2c, to 1.45.
Oata were lower. July opened unchanged at
6fic, later going to 3c. September opened
down Vic, later going to &4.c, a loea of c.
Pork and ribs were lower, while lard was
higher, on a dull and lower hog market.
Range of Chicago prices a furnlahed by the
United Pre:
WHEAT.
Open. High.
224 20 Vs
200 2O0
OOBN.
156 Vi IC7
147 V, 147ft
OATS.
65 65
66 65V
IX) RK.
8785 8795
871X5 3805
LA ED.
2225 2242
2245 2257
1UBS.
The Fruit Growers Agency, through the
chairman of lta export committee. W. F. Gwin.
boa been corresponding with the department of
state at Washington, with a view of determin
ing the possibility of the removal of the Brit
ish embargo on American apples. The pros
pects are not encouraging, as Indicated In a
letter received by Mr. Owln from Alvey A.
Adee, second assistant secretary of state, under
oate or May 19, 1017, aa follows:
"The department bas received your letter of
May 11, 1917. with reference to the possibility
of the removal, ao far a the United State ia
concerned, of the British restrictions upon th
Importation of fruit product into th United
Kingdom. In reply, you are Informed that It
la the policy of the British government to In
sure that British tonnage be employed to th
best oatlooal advantage, which would lnvolvs
confining ahlpping apace as far as possible to
article needed for the prosecution' of th war.
Under the circumstance. It Is Dot likely that
any action will be taken at the present time
with a view to the removal of British Import
restrictions, although changes may be made
from time to time with reference to particular
commodities.
"The department adds for your information
that special license are sometimes granted for
the Importation of particular consignments upon
the application of the British Importer to the
controller, department of Import restrictions,
Westminster, London."
Commenting on this matter, Mr. Gwin said:
"It appears that not only are United Statea
apple barred, but also apples from the British
coioule, including Canada, and Auatralla. With
th very serious destruction of shipping by
tnemy submarines, and the consignment dimin
ution In cargo space tor which there 1 urgent
need for the transportation of ammunition and
primary staples, it appears extremely unlikely
that exports, not only to Great Britain, but to
any of the other foreign countries this year
will be feasible. This Is a factor that wlU
hare to be taken Into consideration, and unless
there 1 some alteration in the situation be
tween now and the time of harvest, the domes
tic markets will have to absorb the entire
United States and Canadian crops, which nor
mally go to export. Fortunately, the capacity
of domestic markets 1 very great, because of
th prosperity that prevails; nevertheless the
loss of the export outlet la undeniably serloua.
and will no doubt be a definite factor In the
determination of next season' market."
HOGS DROP 85 CENTS.
With weakneea and lower prices all ever
the country, the hog market dropped 25o to
15.76 late ia the day for tops.
PORTLAND LIVESTOCK RUN.
Hogs'. Cattle. Oalvea. 8beep.
Thursday .
v ednesday
Tuesday ..
Monday .. .
Saturday .
Friday ,
Week ago
Year ago
Two Tears ago..
Three years ego.
Four years sgo.
1U7
170
274
1756
2K5
755
744
804
88
237
191
872
122
S48
70
143
145
5
851
203
27
U
19
24
a
23
19
' A
2
FURTHER WEAKNESS
IS GENERALLY SHOWN
IN THE WHEAT MART
Early trading at American Centers
Is Weaker and Lower Flour Is
Off 40c Barrel as Expected
Millstuffs Going South.
NORTHWEST GRAIN RECEIPTS.
-Cars.-
Portland. Thurs.
Year ago IT
Pearon to date.. 5.9V7
Year ago 10.16
Tacoma. Vedn"y S
1046 Year ago 21
reason 10 oate. . o.om
Year affo 6.S51
Seattle. Wedn'y 1
Year ago. , 15
Season to date.. 5.1S1
Year ago. 7. tin I
Wheat. Barley. Kir. Oats. Hay.
277
9
559
inn
667
327
817
1154
..$10.2510.50
. . 10. 25f 10.50
,. 9.00ftJ 9.00
. . .00n lO.Ow
. . 8.25(8 8-75
.. 7.50 8.00
.. C.OOiyi 7.00
. . 7.00i10.00
1
"260
151
....
12
500
321
1301
s
1414
105
5
6
1645
2014
1
2
22"
lo22
1
4
2403
2491
7
7
BIO 2023
396 2325
13
. 3 5
119.1 3Sf3
1050 420o
LARGE SUPPLIES FORCES A
LOWER PRICE FOR COTTON
July
September ..
Sep'emLer ..
July
September ..
May
July
July
Septemper . .
IjOW.
222
193
151 H
141
62
63
8785
8792
2220
2232
May
uly
September
JOBBING PRICES IN PORTLAND
These price are thoee at which wholesalers
aell to retailers, except aa otherwise stated:
Dairy Producta.
BUTTER Creamery, prints In parafflne
wrappers, extras, 39c; prime firsts. 37 He:
firsts, boVac; cubes, le less; cartons, lc ad
vance. BUTTERF AT Portland delivery No. 1
cream, 39c. .
EGGS Selling prh-e: Case count. 83c
per dosen; buying price, 32(32 Vic; selling
price, candled, 83V4c.
' LlVa POULTRY nens. heavy riymouth
Rocks, 17c per lb.; ordinary chickens, 16V4C;
stags, 14c lb.; broiler, under 1 lb.. 17c per
lb.; turkeys, 20U21c per lb.; dressed, fancy,
2Cfr.i2.Hc; culls. 2r24e; squabs. $2.00 per
dosen; geese, live. ( ); Pekln ducks, young.
25c per lb.; Indian runners, old ducks, 17(Ji
18c per lb.; pigeons, $1.25 per dosen.
CHEESE Selling price: Fresh Oregon
fancy full cream triplets, 2!fti'Mf, Young
America, 28ft(2c. Price to Jobbers, flats, 24c;
'Young America, 26c, f. o. b.; cream brick.
28(ij29c; Llmburger. 3 Hi 32c; block Hwlss. 34
4136c.
Fresh Fruits snd Vegetables.
FRESH FRUITS Oranges, navel. $2.50(8
$3.00 box; bananas. per lb.; lemons,
$2.75&4.25; California grapefruit. 12.50(32.75;
Florida. Jo.OOdrd.OO; pears. $1.40(32.00.
BERRIES Strawberries, Hollars. $1.90(3
25 per crate of 20 plnta; cranberries, local,
$2.00 box; eastern, $8. IK) per barrel.
Al'PLEg Local, $1.50&2.50, according to
quality.
ONIONS California, $2.002.75; new red,
ft 25fifS.50 sack.
Pii ATOES Selling nclce. table atock. lo
cal. $3,754X4.00. Buying price, ordinary ablp-
nlim. aa.&O: new potatoes. iic per lb.
VEGETABLES Turnips, $2.75 per aack;
rsrrots... 354140c per dosen bunches: parsnlpa.
t2. SO sack; cabbage, California, SHfttUc lb.;
green onions, 2oc doxen bunches; peppers, 30c
lb.; head lettuce, $1.60 per crate; celery,
7 on crate: artichokes. 90V(i$1.10; cucumbers.
' Il.001.50 per dos. ; tomatoes, $2.504i2-75
lug; egg plant, 20c per lb.; string beans, 1114
4il2Mic; rhubarb, 14i2c lb.: peaa. 5Vifcic lb.;
u 1 1 flower, local. $l.u0Ul.Go per dosen: as
paragus. $1.254l-50 doseu bunches; spinach.
Il.ou per 001.
Meats, Fish and Provisions.
DRESSED MEATS Selling price, country
killed best hogs. 19419fec lb.: ordinary. 184J
18o. lb.; best veala, 14tfl4e lb.; ordinary
veals. 13$l3Vic; heavy, 12C(fl2Vje; gnat, 4(i(lc;
lambs, igi(c 10.; muuon, injioc; beef,
' 11 (a 12c ner lb.
SMOKED MEATS name. 2738c per lb.;
bicakfaat bo eon, 2839c; picnics, 23c: cot
tage roll, 27c; short clears. 2&aj27c; Oregon
exports, smoseu. tc pvr id.
LARD Kettle rendered tierces, 25c lb.;
Stanaara, etoc; isra wmtvouau. 10c.
OYSTERS' Olympla, gallon. $3.00; canned
. eastern, 65c; 0. 00 per dosen; eastern In
shell, $1.80 per 100; eastern oysters, per gal
lon, solid Deck. $2.75.
.FISH Dressed flounders 7c; Chinook sal
mon. 18c; percn, iw, soies, oc; flounders.
e; salmon trout, 22c per lb.; halibut, 10gi4c
lb.; black coo, uc; ioiumnia smelt, l)frj2c
herring, 8c; rasor clams, 20c doxen.
CRABS Large, $2.50; medium, $1.75 dos.
Groceries.
fruit or berry, $8.50; Honolulu. $.4B; beet.
$.30; dry. granulated. $S.50; D yellow, $7j5
llUNaix :sew, per case.
RICB Japan atyle. No. 1, Tc; New Or
Uans head. c: bine roee. sue.
SALT Coarse, half grounds: lOos, $11.50
ton; oOs, glB.W, taoie oairy, 00s, io.W; ittos,
$1050; bales, $2.25 : fancy tuble and dairy,
S22.O0; lump rocs, v.w ir iim.
BEANS Small white, 17c; large white,
18 Vic per lb.; pink, 14c; llmaa. liVjc; bayous
13Vtc; rea. ic.
Hops, Wool and Hides.
HOPS Nominal: buying price 191
ordinary, 5uttc; selected, Cc; contracts. 10c
per lb.
bWOOL Nominal; Willamette valley coarse
Cotswold, 48fri47c; medium Shropshire, 49 M
50c; fine, 45(tf48c; eastern Oregou staple. Ml
Q44SC per lb.; coarse and medium. 4o48c
per to-
HIDES Salted hides, 25 lbs, and up, 20c
salted stags &o 10a. ana up, 14c: green ami
, aalted kip, 15 lbs., 20c; green and aalted calf
sains, sy iv o; , crnu niues, ins
and up, lie; green stags, 50 lbs. and uu. 13c
dry bides, 81c; dry salt hides, 28c: dry boie
hides, $1.002.50; salt horse hides. $3.O03
I.0O; horse hair, SOe; dry long wool pelts, Z2uX
Uc; dry short wool pelts, 25c; dry sheep
hearings, each 10 25c: salted shevp s bear
ings, each. $2&50c salted long wool pelu.
I eh, $L60O4 00; saJted short wool pelts.
.V sacb, Wci$i.oa. . T
2045
2O07
0
20S0
2045
2000
Clowe.
222
13 V4
162
142
68
8795
2232.
2250
2040
2050
New York, May 24. (I. N. S.) There waa a
large supply at the opening of the cotton mar
ket today, and the market had an eaaler ap
pearance. May decllued 30 points on the call.
while other months were 0 to 12 points lower.
Liverpool wss partly responsible for the de
cline, prices there .being 3 points down for
July and 9 to 12 points off for other months,
they were due 3 to 6Vi points off.
'there were freouent realizing periods ac
companied by amall reactions In the last
hour. Final prices were 13 to 19 points net
higher with the closing tone steady.
Range of New York cotton prices furnished
by Overbeck tt Cooke Co.. 210-217 Board X
Trade building:
January 1....
May
June .. t
July
Beiteniber
October
December ....
All Valley Crops
Are Veiry Late Is
The Eeport of S. P.
The Southern.- Pacific railroad has the fol
lowing crop reporta of agents:
Albany. Owing to the rains and cool weath
er, most all crops ace fully three weeks late
In being planted. Those that nave been plant
ed - are making good progress and indications
are for a Urge Increase In acreage, especially
in potatoee and beans.
Newberg Planting of small gralna delayed
fully three weeks due to the continued rains.
Hay snd paaturea are in very best condition.
Acreage of potatoes and beans will ahow a
very large Increase. Those which have been
nlanted are ma kin a good progress. Fruit No
damage In this section. Indications are for
an abnormal crop. Berry crop Just beginning
to bloom. Indications are for s good yield.
McMlnnville Fall and spring crops which
hare beh seeded are making rapid progress
and are In good condition. Considerable acre
age yet to be seeded. Besns planted and
Indications sre for a large increase in acre
age.
Independence Weather conditions sdv
for Burina n lan tine. Farmers tore weeks be
hind In thetr work. Such crops ss sre already
In the ground are looking well, aiany nop
fields are being plowed up, others are planting
beans and potatoes between the rows of vines.
retaining vine in hope of better condltlone
next year. A large acreage of sugar beets is
being planted in this vicinity, which sre tak-
tna nisce or bona in moat instances.
Oorvallis All crops are late on account of
continued wet weather. Those wmcn nave
Wn nlanted are making good growth and
looking well, lndlcatlona are for good yield of
all crops.
PORTLAND'S DAIRY EXCHANGE
With rh excentlon of dalrr butter, whlcb
was up lc a pound, all lines were unchanged.
Prices between dealers:
BUTTER. Week
rtiW Thur. Wed. rues. Mon. rTl. ago.
Extras 38 88 7 91 at aoy,
Prime firsts. 86 H 35ft 35 35K 35 35
Dklry 29 z 23 o
EGGS.
Current recelpts.82 32Va 32 32 33 S3
CHEESE.
Oregon triplets. .23 28 28 23 24 24
BANK STATEMENT OF COA3T
Open.
2063
2100
, 2088
, 2050 '
, 20ol
High. Low. Close.
2080
2150 2065
2120
2121 2085 2110
20K8
2OS0 2050 2078
20W 2058 20t
AMERICAN LIVESTOCK PRICES
Chic age. May 14. (I. H. 8.1 All markets
were filled with hogs today, the speculative at
tempt or the trade being paralysed by a big
tale took, and prices alumped. Bales were
anywhere from 10 to 80o under the erratio
Wednesday session. The bulk sold at $15.75
xs.su, wiu top or sia.su.
Killing grades of oattlo were firm at the
est prloea of the weak. Sheen and lambs
uTegtuax, 1
Of the 81 loads of cattle that came Into the
North Portland yards over night, all but one
were from California, and consisted of grassers.
This very liberal aupply caused an easier tone
In the general oattle trade at North Portland
for one day, and lower prices were generally
offering. The market in general waa off 25c.
The big run of California grassers in this
direction is somewhat of a surprise to the
trade, although it bas been known for some
time that the southern shippers had thetr eyes
in this direction because, quality considered,
the Portland market paid more than any com
petltlve points. uite s few feeders were
among tba California supplies.
General cattle market range:
Prime llfibt beef steers
I'rinio heavy beet steers
Choice beef cows
Best heifers
Ordinary to goot cows
Prime heavy butcher bulls
Light bulls
Calves
Nominal Bun of Hoga.
Only a very nominal run of hogs made Its
appearance In the North Portland yards over
night. Very little stuff was offering st the
opening of the day's trading. General market
contlnnea steady to firm, with nothing avail
able to test extreme quo tattoo a. Later the
market dropped.
General bog range:
Best heavy packers .....$ 15. 1 5
Bulk of packing grades 15.8515.75
Best light packers 15. 654ji 15.75
uougn ana heavy 14.ouu10.zo
Pigs 13.0013.50
Blockers 12.OOS13.0O
Shorn Sheep Coming.
A small run of shorn stuff greeted the trade
at the opening of the sheep and lamb market
at North Portland for the day.
Trade condltiooa remain quiet here, but so
little stuff is offering that at no time re
cently baa the market been given a thorough
test.
General aheep and lamb market:
Best esst of mountain lambs S13.00lRlS.50
Beat Willamette valley lambs $12.75ft$18.00
Best yearlings 12.0J((l la.ou
Best ewes 10.O0iMll.50
Heavy ewes 0.0010.00
Shorn sheep and lambs lg2c pound less.
Thursday Livestock Shippers.
Hogs 11 out & Snodgrass, Lebanon, 1 load.
Cattle F. C. Oxman, Portervllle. Cel., 1
load; Gaxelle. 6 loads; Hunt A Robinson, Mer
ced, Cel.. 5 loads; J. S. Flint. 2 loads. Robin
son Bros., 12 loads; M. J. Cross, 1 load; J.
Evans, Ohico, Cal., 2 loads; J. W. Chandler,
Oreland, Cal., 1 load; L. Glass, Tangent, 1
load.
Calves F. C. Oxman, Gaxelle, Cal., 1 load.
Sheep Stnythe Bros., Arlington, 1 load.
Mixed stuff A. O. Nelson, East Portland, 1
load cattle, calves and hogs; F. A. llaggedoo.
Montague, Cal., 2 loads cattle and hoga.
Movement of livestock at North Portland:
Cattle. Calves. Hoga. Sheep.
Further weakness snd lower prices were
forced far wheat and flour at practicably all
American centers during the day. Chicago
wheat optlooe started with a depressed tone.
with lower prices, snd the early trading was
all on the same basis.
There Is practically no business reported for
wheat at Pacific northwest centers on account
of the unsettled conditions In the eastern trade.
aa well as the fact that remaining supplies in
the three states sre very smsll and extremely
scattered.
Flour market made its expected decline of
40c a barrel, which took effect at the opening
of the day's trading, a similar decline also
taklug effect on Puget sound, according to ad
vices received from there during the morning.
Little trailing is shown in millstuffs locally,
but millers are able to dispose of all they
have to offer to the California market, and
trices sre unchanged.
FLOUR Selling price: Pstent. $12.50; Wil
lamelte valley, $11. BO; local straight, 1 1.700
12.20; bakers' local. $12.20xl2.M: Montana
spring, $13.10313.5O: exports. $9.80; whole
wheat, $12.70; graham, $12.50; rye flour,
$9.25 per barrel.
HAY Buying price, new crop, Willamette
valley timothy, fancy. $2f.00; eastern Oregon
Idaho fancy timothy. $28.00(327.00; alfalfa.
$28.50; valley vetch. $20.00; cheat. $20.00;
clover, $20.00.
GRAIN SACKS Nominal. No. 4 Calcutta,
llHCll4c in carlots; leas amounts higher.
MlLLfrtrFFS Selling price: Bran, $41.00;
shorts. $46.00.
ROLLED OATS Per ton. $58.00.
ROLLED BARLEY Per ton. $57.00.
CORN Whole. $72.00; cracked. $73.00 per
ton.
Cash wheat bids on the Portland Merchants'
exchange were 3c to 7c lower. Oata blda lost
60c and barley unchanged.
Sales: 300 tons of barley at $48.00.
Merchants' Exchange cash bids:
WHEAT.
Thurs. Wed. Tiles. Mon.
1017. 1916. 1917
U. S..Steel Breaks
All High Records
In Day's Trading
By F. C. Relt-es.
During the final rnah of trading em the stock
exchange this aftemoem United Statea Steel
ccnunoa sold st 181, a sew high record.
Hew York. May 14. (L X. 8.) United
States Steal common, leading a war boom oa
the stock exchange this aftsrnooa bowled
tLrough 130 and aet a new high reoord priee
whea at 18:80 there were three sales of 1000
shares eaea at 1804
During two days this week when sales wsre
nearly a million shares snd yesterday when
a million and a quarter shares were traded in,
the market leader climbed steadily. Today's
ret gam was 1 from yesterday s closing.
Various reasons for the boom market were
heard in Wall street, the most common being
a Deiier teat the war bona issue' ana pians jot
ritantic purchases in this country will be fol
lowed by a ported of inflation, ia which steel j
will become a leadsr.
Profit taking checked the advance aad at
1 o'clock the stock was e,aoted at 129.
New York. May 24 (I. N. 9 ) The stock
market continued to reflect pronounced strength
st the opening today in lta underlying condi
tion, and during the early trading many stocks
registered substantial gains.
United States Steel continued to be the key
note of the speculative stfustlon, again being
in good demand and advancing a point to 12S.
Interest was attached to the trading In Repub
lic Iron A Rteel. which continued Its upward
movement, advancing 1 i points to K9li. Cru
cible Steel advanced Iti polnta to 71.
Unlou Pacific made a gain of point to
1304. and Reading point to 92 V -
The copper stocks were irregular. Marine
advanced 1 point to 2S, and the preferred
IS points to 1.
A new high record prVe of $130 a share waa
set by United States Steel common during s
burst of heavy buying en the stock exchange
shortly sfter noon today.
The new mark exceeded by H point the rec
ord of last November, which was duplicated
Tuesday. Six thousand shares were traded In
at 8130 a share. During the morning a total
of 1S7.00O share of Steel wss traded In.
Over one quarter of the total transactions in
the first hour were in United States Steel
common. There was a rigorous buying move
ment, a good deal of it coming from western
houses, on which the price moved up 1
points to 129. later dropping back to 128.
Price movementa in other Issues followed
Steel common closely. Crucible advanced 1
points to 71. from which It reacted to 70T4.
and Republic Iron A Steel oontluucd Its upwsrd
n.ovement. moving up 2 points to 9l. followed
by a reaction to 884 points. Corn Product
moved Dp over a point to 27 Vt-
The copper storks were Irregulsr In price
movement, but generally strong. There was
continued active accumnlatlon of National
Enamel, which moved up 2 '4 points to 88.
Msrlne preferred advanced li points to
81 7. followed by a reaction to 80.
Nearly all of the Interest in the stock mar
ket this afternoon was In Steel common, which
sold as high as 130. At 1:30 fully 50 brokers
wers in the crowd with stop orders on both
sides of the market, and trading was excited.
borne or the railroad stocks showed pro
nounced weakness. New Haven selling down to
s new low record of 32, a .loss of over 3
polnta in all.
Finance : "Tim ber : Industry
Lumbermen's Association Urgea Members to Protest Against Pro
posed 5 Per Cent Horizontal Increase In Freight Rates Hear
ing to Be Held May SQJieforc Commerce Commission. jC
Range of New York wlcea furnished br
Overbeck 4 Cooke Co., 210-217 Board of Trade
building:
Openl Hlghl Low .Close
lueetem
Forty fold
Club
Russian .
Feed
Feed
MRS. LAUGHLIN SAYS
DESERTED
Same 1910...
Gain 1917...
Loss 1917....
Year to date.
Same 1918...
Gain 1017..
Lobs 1917.
. 5.794
. 4,040
'. 1,148
!32.375
.25,061
. 3,714
Mo
394
111
iisio
1453
37
13.941
23.359
9.418
98,238
133,798
4,700
12,143
7.3S3
87.908
49.014
Wednesday Afternoon Sales.
35.500 11,040
Clearing
Monday .. .
luesday ...
Wednesday
Thursday
Clearings ..
Balances . .
Clearings ..
Beiances ..
Clearings ..
Clearings ..
Balances ..
Clearings ..
Portland Banks,
Thia Week.
2.904.271.05
.... 2.952,974.00
. ... 2.854,125.65
2.736,304.88
Seattle Banks.
Year Ago.
$ 2.48S.207.02
2.224.778.77
1,944.293.97
1,569,897.25
.$ 3,190.145.00
OZZ.8TT.O0
Spokane Banks.
$ 872.089.00
00.810.O0
San Trancisoo Banks.
$13,750,701.00
Xaooma Banks.
$ 4S5, 400.00
.: 102,001.00
Los Angeles Banks.
$ 4,183.887.00
TALLOW No, 1, 14e; No. 2, 12c; grease,
fUS&c ner lb.
CUITTIM OR CASCARA BARK Buying
price, per car lota, 6V(si7c per lb.
MOHAIR 1917. 5o&o0c per lb.
Rope, faints. Oils.
ROPE Sisal, dark. JSOc; white. 20e per
lb.-, standard Manila. 27c.
UNSEED Raw, bbls., $1.32 per gallon;
kettle boiled, bbls., $1.34; raw, casra, $1.89;
boiled, cases, $1.41 per gallon; lots of 254
gallons.
COAXi OIL Water white In drama sod iron
barrels. We per gallon.
WUTIB LEAD Ton lota, 13c lb.; 600 lbs..
ISTJRPKJITINB CTanka, 62c; casea. fl&c; 19
ctse lots, le less. . r .. .
GASOLINE Basis price. aoc per gallon,
distillate. Wttc par gallon.
Chicago Hogs 816.25.
Clilcsgo. May 24. (I. N. 8.1 Hoe's Re.
cekpts 13.0OO, dull, 1016c lower: mixed and
buteners, Sl&.&ow ltj.v: eood hetfvr. 111. R.lia
10.20; rough heavy, $15.5015.65; light, $14.90
mio.io, pigs, ia.iuaiio.so; bulk. lj.75a
16.80.
Cattle Receipts 6500. steodv. Beeves, tu rn
raia.iv cows sna neirers sii.nnniii.wi- nrk.
ers and.feedera, $7.60 10.35; calves, $13.00
Sheep Receipts 7000. strong. Western. $12.50
(814.75; lambs. $13.002 21.0u.
Omaha Hogs 815-85.
Omaha. Neb. Mav 24. (I. X SL1 Ttt
Receipts 4800. steady. Beeves. 810.25(313.45:
cows and heifers. 7.00fe 12.35: stockers and
ieeaers, f . .vu(wi.40; calves, 89.00(13.60.
nogs .Receipts 10.500. weak and 10c low.r
uooa and cboloe heavy, gl5.7515.85; rough
eip.outgi 10. 10; iirni, io.u"ti;-73
piga, $12.U08 14.75; buU. $15.4O(tfl5.80.
Jieep Receipts 4-tou. stronger. Shorn year
lings, $13.5015.50; wooled lambs, $19.50
oj.oj, saorn lamDS. sio.iosiiy.10.
Kansaa City Hogs $18.20.
Kansas City. Mo.. Mav 24. (I. X. Hi rw
tie Receipts 5O0O. alow, stead v to nnoii
. sixers, e'v.wiuia.so; cows ana heifers.
$6.O012.75; stockers and feeders. $u.Q0a
Hobs Recelota 8000. lOCKM Intra-. Twn
$16.20; bulk, $15.4016.15: hesvles. $15.958
lij.W: mediums. 115.90(216.10: llzhta xis ',
16.00.
Sheep Receipts 3000, lB25c higher. Lambs.
$16.00(320.50. No sheep.
Denver Hogs $16.15.
Denver. Colo.. Msy 24. (U. P.) Cattle
Receipts 6400, slow to steady. Steers, $9,000
12.85; cows and heifers, $8.00 10.75; stock
erssnd feeders, $7.504110.25; calvea. $18.00
Hofs Receipts . 1400, 10Q15C lower. Too,
$16.15; bulk. $15.50 18.75.
Sheep Receipts none, unchanged.
Seattle Hogs $16-40.
Seattle, Waah.. May 24. (P. N. S.)
Hogs Receipts 45. Strong. Prime lights,
$l6.25316.40;medlum to choice, $16.0018.15;
smooth heavies. $15.5015.90; Tough heavlea.
$16.00(315.40; pigs. $15.0015.40.
Cattle Receipts 7. Steady. Best steers,
$10.5011.00; medium to choice, $9.75010.25;
common to medium, $7.0U(a9.50; best cows,
$8.259.25; common to medium cows. $5.00
8.00; bulls, $4.008.00; calves. $6.o0(911.f.
Sheep Receipts 15. Steady. Lambs, $13.00
S 13.50; yearlings, $1260$ 12.78; ewes. $10.00
11.00; wethers, $11.0012.50.
San Francisco Grain Market.
San Francisco, May 24. Barley calls:
May 24 May 23
upen. Close. Close
December 203 202 2004
Barley sales, IOO tons December.
Wtieat Per cental. California club, nominal;
Sooora. nominal; northern club, $4.904.93;
do red Russian, $4.904.92; do blues tern.
Barley Per cental, feed, """irnil.
RyeCalifornia, nominal.
Oats Per cental, No. 1 northern, cost about
..ia iaia aown cere.
New York Metal Market.
New York, May -24. (I. N. S.) Spelter
mui. may ana jane. v4c; July. 9c.
Copper Steady. Spot. 83(ffi331ic; June,
33Msc; July, 30V431c Anrnst. 29i4c; Seo-
cnioer, c; last quarter, ZMjrssc.
Tin Easy. Spot. 6665Vc.
Lead Strong. May. 11c bid; May, 11
liftc; juiy, iv-fc Wi.ic.
Money and Exchange.
New York. Mar 24. (U. P.l Miner on
call, 2V4 per cent; alx months, 4H44 per
cent; mercantile paper, s per cent ; oar all
ver, London. 37d; bar silver. New York.
74c; demand sterling. $4.76 9-16.
O0 WS.
No. Ave. lbs. Price.
1 cow 1T0 $9.00
1 cow S90 6 60
1 cow 7oo 6.00
4 cows 893 4.00
HEIFERS.
1 heifer 790 $8 50
1 heifer 790 8.00
HOGS.
6 hogs 210 $16.00
2 hogs 220 16.90
2 hogs 215 16.90
2 hogs 173 15.80
Thursday Morning Sales.
STEERS.
No. Ave. lbs. Price.
IO steers 1030 $ 6.00
COWS.
20 cows 748 $ 8.50
1 cow 920 8 00
1 cow 900 850
1 cow 600 6-50
3 cons 927 4.25
1 cow 10OO 6.50
1 cow 1O10 8.23
1 cow 1130 8.00
1 cow 1000 7.50
HEIFERS.
1 heifer 670 $ 8.25
BULLS.
2 bulls 1225 $ 8.00
2 bulls 3400 7.75
1 bull 1410 T.26
1 bull 1590 7.25
1 bull 1210 6.50
HOGS.
1 hog 300 $14.B0
62 hogs 198 15.75
4 hogs 362 14.75
1 bog 490 14.75
1 bog . 110 14.60
6 bogs . . 132 18.05
2 hogs 195 15.75
6 hogs 208 15.75
5 hogs 172 16.60
7 hogs . 133 15.rl0
1 hog 400 14.75
S hoga 137 18.63
POTATOES ALONG THE COAST
Seattle Grain Market.
Seattle. Wash.. May 24. (P. N. S.
Wheat Bluest em. $2.60; Turkey Red. $2 60:
forty fold. $2.56; club, $2.54; Fife, $2.64; Red
Hessian, $2.62; barley, $48.00. Receipts
nam, a car.
j New York Sugar and Coffee.
New. York. Mar Z4 (U. P.LWfcf feawSpot
No. 7 Rio. IOVic; No. -4 Santos, 10c.
Sugar lentxifgual, $6.&.
Seattle Market.
Seattle. May 24. (U. P.) Onions Aus
tralia, oc; was, 93.00.
Potatoes Yakima Oms. 800.00:
$75.00; locals. $75.00(880.00.
Los Angeles Market.
V as A nalma 1 'II.. .it . n V O
Potatoes Northern, $4.50t4.75; Oregon, $5.00
ltussets, 15.00; new. ei.404fi.ao lug;
itatoes, sc a pouno.
San Francisco Market.
San Francisco. May 24. L'. P.) Potatoes
Per cental. Delta. 83.75 asked for icehouse
stock; do "plow lot," $3.00; Oregon Burbanks.
4.00 4.25.
Onions Australian, iz.73 per cental: ne
Stockton red, $2.252.45 per sack on the
wharf; new potatoes, per pound, white, 4
oc; vasxuecs, uc.
DAIRY PRODUCE ON THE COAST
200
2fxl
256
263
1O0
92
HO
00
283
21
241
200
2C7
204
2K1
262
287
264
261
262
OATS.
. . 4S50 2625
BARLEY.
. .4700 2700
49O0 6000 5000
4700 4800 4800
laaka Gold
Allia-Ctialmers, c
do pfd
American Beet Sugar..
American Can, c
do pfd
American Oar Fdy., c.
American Linseed,, c.
do pfd
American Loco., c. . . .
American Smelter, c.
HUSBAND
FOR ANOTHE
R WOMAN
Story Wife Tells Is Far Dif
ferent From That Given by
Spouse in Divorce Suit,
Deserted in a lonely cabin In th
mountains, with two children ana no
money, the rtory told by Mrs. Laugh
in today bears littie resemblance to
Vi Aearrlntton of he activities KB
pictured by Lloyd B. Laughlin In hi
bill filed for divorce Wednesday.
Lauehlln in his complaint speaks or
griUs, restaurants, hotels and dance
halls without number, and ays that
hi wrife attended all of them. As a
result of this and her continued asso
elation with other men, he says she
became cold. Indifferent and Intolerant
towards him.
"Not a single word of It Is true,"
said Mrs. Laughein today. ""My hus
band took me away up in the moun
tains, near a place called Olenwood in
Washington, In the spring of 1916. He
deserted me there with the two cfhll-
dren and no money. I got along for
awhile and then my friends assisted
me in cominr to Portland, I found
Ldoyd living nere with another worn
an. who was supposed to bo his wife.'
LausThflln is the on or a weaituy
wheat rancher from The Dalles and
was arrested the other day to be l.eld
pending the action of the grand Jury
on a charge of non-support.
According to Deputy District At
toroey Dempsey, who drew up va
complaint. LaughUn's action for dl
vorce is merely a ruse to circumvent
the criminal proceedings.
"I have investigated Mrs. Laughllns
story thoroughly," he avald, "and I find
that It corresponds to the evidence
have In every defalk The man
merely trying to make some sort of
Justification of his own conduct.
SHERIFF MAY SEARCH SHIP
DESCRIPTION.
do pfd
American Sugar, c.
American Tel. A Tel.
American Woolen, c. .
Anaconda Mining Co..
Atcblsoo, c
do pfd
BaJdwIn Loco., c
do pfd
Baltimore A Ohio, c. .
Bethlehem Steel, c. .
do pfd
Brooklyn R. Transit.
Butte A Superior....
Calif. Petroleum, c...
do pfd
Canadian Pacific
Central Leather, c...
do pfd
Chesapeake & Ohio 68V,
UOIcbko & ut W-. c... UVfc
do pfd 82
Chicairo. M at St. P.... 73
Obicag-o & i. W., e 1122
Cliino Copper tT
Cokirsdo F. k I., c 62H
Oous. Oas 107
Corn Producta, e 29 ft
do pfd 1101
Crucible Steel, o I 71
do nfd
D. A K G., c 7H
do pfd 1 1H
Distillers 17
Erie, c 244
do 1st pfd 87 W
General Kleetrle 160
Goodrich Rubber 52
Ot. North., Ore Lands.. 84H
Ot. North., pfd 107H
Greene-Can. 44'
Hide 4 Leather, c 13
do pfd 1H
ice Securities M
Illinois Central 101 Vs
Industrial Alcohol 130V,
iMplratlim eiH
Interboro. e I lOV
Ken necott Copper 44
Kan. City Southern, c. SS
Kelly Springfield
Lrckawanna steel ...
Lehls-h Valley
Louis. A Nashville...
Maxwell Motors, e. ...
Mexlesn Petroleuxa ..
Miami Copper
Mldvale 8teel
Mo.. Kan. A Texas, c
do pfd
Missouri Pacific W. I.
Natlonsl Lead
Nevada. Ooosotidated .
New Haven
New York Air Brake..
New York OentraL..
N. Y.. Out. Western.
Nor. at Western, e
Northern Pacific
Psciflc Msil
Penn. Railwsy
Peoples Uss
Plttsburf Coal, 0
do pfd
Pressed Steel Car. c. .
do pfd
Ray Cons. Copper
Railwsy Steel Sprlnrs.
UeaatDf, c
do 1st pfd
do 2d pfd
Rep. Iron A 8teeL c
do pfd
Rock Island W. I
Scars, Roebvck A Co.
ShattucV
Stude baker, c
do xfd
Shws Sheffield
Southern Pacific
Southern Railway; ..
do pfd
Tennessee Copper ....
Texss Oil
Texas Pacific
Third Avenue
Cnlou Pacific, e
. do pfd
TJ S. Rubber, c
U. S. Steel, c
do pfd
. ..113
91 9J
Seattle Market.
Seattle. May 24. (V. P.i Butter Nstlve
Washington creamery, cube. 38c; do brick,
S9r; fresh Celifornls cube, SSc;' do brick, SSc
Cheese Oregon triplets, 27c; do twins, 2Sc;
Young America, 28c.
Kegs Fresh ranch, 37c.
San Francisco Market.
San Francisco. May 24. U. P.) Batter
Eitraa. 354c; prime firsts. 35c.
Kggs Kxtrss. 32fcc; extras, firsts, tie;
extre pullets, 29c; extra first pullets, 23c;
seconds, 27c.
Ctioese California fancy. 22c; firsts. 21.
Los Angeles Market.
Los Angeles. Cal., May 24. (P. N 8.)
Butter. 30c; eggs, 33c.
American Wheat Options.
Minneapolis. - Close. May, S2.96B; J sly.
S2.3S: September: S1.86.
Duluth Ckwe. May. 2.M; air, Z41;
durum July, $2.32; Msy. $2.58.
Kansas City Clone. May," I2.S4A; Jely,
$2.25; September. 1 1.92 A.
Sc Louis Close. July, 2.1SVs; Srpttnv
I Whea writing to or calling en advertisers,
p laaae stentluu Tbs JouraaL -. . (Adv.)
BootletTKer Will Have to Make
Early Exit Hereafter.
Bootleggers in the future brlngin
In liauor on steamers from San Fran
Cisco had better be prepared to make
a auick exit when the ship uocks here,
According to Sheriff Hurlburt, It will
not be- necessary from now on to get
search warrants in order to go through
incoming steamers. As soon as the
vessel docks the sheriff's men if they
feel so Inclined, may go aboard and
search for liquor from stem to stern.
This is provided for by the lw which
went into effect Monday.
Deputies from Sheriff Hurlburt's of
fice secured five trunks at the Union
station Tuesday, checked to unidenti
fied persons, and containing altogether
about 50 gallons of whiskey. No at
tempt was made to claim them.
A novel attempt at evading the pro
hibition law was disclosed, when a
typewriter case taken from a check
stand at 62 North Second Hlreet, con
signed to parties unidentified, proved
on investigation to contain a five gal
lon keg of whiskey.
Wool Sales Are Heavy.
Pendleton, Or., May 24. Besides tna
30,000 pound lot of fine wool which
sold yesterday at Echo at 60 cents,
several other sales in thia county
at that figure are reported. K. O.
Warner of Pilot Bock, sold 40,000
pounds to K. J. Burke at 60 cents
and the same buyer purchased other
small lots at this figure. Frank
Chapman and Mike Doherty each sold
about 20.00Q pounds t a less figure.
72
21 T
6Vi
71
113
2GMi 27V
...,.
uiVa
47V 49
103
70 72 Vi
21 S 21
.7Va f'S
70 71 Vi
104; KIT)
112V112
1104 110 1110
122 laissiizis.
51
82
101
50! CI 50
1
17
100
62
85
107
45
14
63
2i
lOl
132
62
10
47
22
9C 97 06
3
40
62
"27
Mi
25
32
140
21
122
Utah Copper
Virginia Chemical, c.
W. V. Telegraph ....
Westlnghouse Electric.
Willys overland .
24
62
73
78
So"'
62
88
27
81
'65
93
2l
64
214
15
20
i:Vs
67
12H
11
129 131
1
4fli
3
62
07
63
ZiUzabarmen Protest state Advaxtoe,
The West Coast Lumbermen's associa
tion has appealed to its members to
irake a vigorous protest to congress
men and senators agatnst the applica
tion recently made by the railroads for
a horizontal 15 per cent advance in
freight rates. The president of the
association a few weeks ago appointed
; special committee to look after the
handling of the industry's Interests as
affected by the proposed advance. This
committee has employed legal counsel
and a delegation of lumbermen are now
in Washington, together with E. T.
Alien, oniciai representative. As a
result of the lumbermen's formal pro
test, they have been granted a limited
time on May 30 to 'appear before the
interstate Comniecce commission. The
protest Is based on these grounds
First, against any increase in freight
rates, either upon a percentage or flat
rate per hundred pounds, because of
the comparative effect the advance
would have on this and competitive
producing sections. This would dis
turb the present rate relationship, it
is said, because of the northwest's
Kreater distance from the consuming
market than its chief competitors. The
second protest is against any change in
lates until shippers have been given
full opportunity to present their posi
tions in the matter. The third pro
test ask3 that the Industry be pro
tected on business taken at a delivered
basis rate. Much of this, business was
secured previous to any notice of the
proposed advance being given. There
ur0 some 30.000 carloads of lumber al
ready sold In the northwest on a de
livered basis which manufacturers can
not move be?ausj of lack of equipment
on the part of the transportation com
panies. Any advance on such business
would have to be paid by the ship
per, a general statement in addition
io these protests is made that the gen-
ral depression of the lumber business
or the past ten years will not permit
t to now assume an increase in freight
rate burden, It is further alleged that
earnings of western railway lines dur-
ng the past five years do not Justify
ne increase.
Canadian Bank of Commerce Lettsr.
The monthly commercial letter of
ne Canadian Bank of Commerce of
Toronto Just Issued, contains interest
ing commentary us to the efier-t of the
war on the financial and industrial
interests of the dominion in the Dast
tnree years. It says:
"The entry of the United States into
iho war has aroused much interest in
that country as to the effects which
tne war has had on business and fi
nance In Canada. In a general way it
may be said that, at the outset, there
was no period of uncertainty during
which business of all kinds lagged.
Canada had borrowed heavily during
me years preceding the war, and im
ports had largely exceeded exports.
vVhen war broke out there was a cessa
tion of the flow of money Into the
country, and the Question of how to
pay the Interest on the money pre
viousiy borrowed became a live one.
Much of thia :r.oney had gone into
permanent betterments, not all of
wuicn were completed or could earn in
terest on -the ""money invested in them.
After this period of uncertainty there
loiiowea an increased dejnand and
higher prices for foodstuffs, which con
stitute the largest part of Canada's
exports. Orders for munitions and
war supplies of nil kinds were placed
in constantly Increasing volume, until
ihe country became- one vast ware
house for the neeis ot the allies.
It is worthy of notehat exports of
agricultural and animal produce for
1916-17 were valued at $501,000,000. an
amount exceeding the total exports of
all kinds during the first three years.
No doubt high prices are responsible
for part of this increase, but it ia none
the less a gratifying showing. The
increases in imports during 1J16-1S
and 1916-17 are in the main due to lm
ports of raw material for the menu
facture of munitions.
Bank deposits, including savings. In
creased from $626,000,000 at the end of
1913 to IS45.000.000 at the end of 1916
ano reached 1888,000.000 at the end of
March. The growth was steady. There
In no doubt that the high wages earned
in munition factories, aided perhaps by
the increased employment given to
women, nan brought about a distribu
tion of unusual wealth among the wage
earning classes. A pleasing side of
the picture is tho almost complete ab
rence of unemployment and . necessi
tous poverty. The surplus national
income for the fiscal year ending
March il after providing for ordinary
expenditures not directly connected
with the war. amounted to M0.09O.OOO.
and this aum will be available for war
purposes The gross income was IJ3I
000,000, or more than $100,000,000
greater than for the previous fiscal
year. The bulk ot the revenue is, as
usual, from customs receipts, but av
substantial sum has been derived froaa
special war taxes, notably that on ex
cess profits. It waa estimated that
this tax would produce $16,000,000 in
the three year's of lta currency, oat.
according to the recent statement E
the finance minister, $16,000,00a will
be collected for this first period aad
$20,000,000 for the second. Additional
taxes on excess profits are now pro
posed for accounting periods ending
after December SI. 1016. From the"
proceeds ot the recent loan, the do m la
Ion government will be able to finance
its own war expenditure and tbat of
the imperial government In Canada to
the end of June, after which tfja
intended to issue treasury bills -or
notes and, if conditions warrant, - to
offer another war loan in the early
fall. The war loans so far issued ia
Canada amount to $350,000,000, of
which sum $L25,000.000. together with,
$170,000,03 supplied by the banks, ha
been advanced to the imperial treasury
to meet the cost of munitions and sup
plies purchased mainly in Canada.
This has enabled Canada to take a use
ful she re in the financing of the war, i
and has at the ame time stimulated, f
her own Industry and trade. , I
Corporation Take Bonds. AH : of- i
flcials. agents -and employes of the '
Aetna Life Insurance oompany, Aetna ,
Casualty & Surety company, and the v
Automobile Insurance compeuiy ' of
Hartford, will be able to subscribe for
the Liberty loan under a plan Just an
nounced. The life insurance concern
nas suDscnoea ii.uw.uuu tne casuaitv
ana surety company, iou.ouy ana tne
automobile Insurance company, $150,
000, total of $1,500,000. Those con
nected with the company may make a
deposit of 5 per cent on the bonds they
desire and thereafter pay t per cent
per month until payment is completed.
The bonds will be held by the com
pany in security until the payments
are complete. The company also under
takes to convert the bonds it holds for
its employes, provided the government,
in subsequent loan issues, creates fe.
higher rato of Interest. .
Conservation Bulletin Ont Large
bulletins with "scareheada," warning
the public of the seriousness of the
situation as a result of the war, are
being distributed broadcast along tna
Pacific coast by Archibald Kalna, gov
ernor of the San Francisco federal re
serve bank. The bullotln le entitled.
"The World Is Short of Fe'od." It
says: "The city man should plant back
yards, front yards, the vacaat lot next
door, and save food. The farmer
should plant every acre, not-only for
this year, but for next year. No fear
of labor shortage should prevent heavy
planting. Men will be mobilised to
farm as well as to fight The meat
supply must be Increased, and female
stock saved. The banker should sea
that every dependable solvent farmer
Is Supplied with money st a fair rate
With which to plant, cultivate aad
harvest his crop. The elogan now
should be, 'Cultivation, Cooperation.
Conservation.' "
Bossta'a Liberty Loan Russia also
has a Liberty loan. Subscriptions to
it were opened April 14, according to a
report from Moscow recently published
in the government's commercial bulle
tin. The subscriptions will end Jan
2. The total amount of the loan is to
be 3.000,000.000 rubles, or $1,(46,000.
000 at the normal exchange rate now
prevalent in the United States. It 1
to be marketed at 86 per cent of Its
nominal value, the interest rats beinr
6 per cent with maturity la 40 years.
A syndicate of banks has -agreed to
take $772,500,000 of the loan, only half
of the total thus being left to popu
lar subscription. Posters in Polish,
Lettish, unman, Jewish and other lan
guages and dialects were printed to
promote interest in the loan. i
Bond Broker leads Campaign. C. A.
aUlliV . beiej sn.aT.eil a, 1ssh i r ar sasa ii L I u j-irie
land to instruct tne clearing house
committee on tne manner or conduct
ing the campaign tav popularise- the
Liberty loan bonds, is a membersox the
firm of Gervin ft Miller, bond brokers
a M O & J m . as iti . a .
oi nmn r isncisco. Mr. Aimer IS S
member or the publicity committee of
tnn ban Francisco federal reserve Lib
erty bond campaign commission. He is
expected in Portland Friday.
ARM
NTENDED
FOR
GEN
V LLA MAY ARM
13
zr.
r2
73
76
30
68
98
tl
27
81
'57' '
S4
26
M
214
20
137
M0
67
131
102 ,102
ft . , M . .
52
ii
73
'29
62
91
83
27
80
66
93
25
54
213
13
19
13
HO
67
12S
119 118
52
72
4
115
75
101
29
68
U3
4
40
91
104
33
1
102
5
94
! 64
15
212
16
!
187
KO
67
181
118
RESERVE REGIMENT
Commissioners Are Asked to
Purchase Firearms and
Ammunition Seized,
114115, 114, 115
93
62
2
I
93
63
28
43 44
2 92
62 63
271 2H
Total sales for day were 1.11,400 shrea.
Grants Pass Victim
Was Well Known
Oranta Pass. Or.. May 24. Grants
Pass is much upset by the death of
Joseph R. Smith, well known mining
man, who " was killed near Central
Point Tuesday night, when an auto
mobile in which be was riding with
James T. White, Mrs. II. D. Elamann
and Mrs. George Radford, turned turtle
on a sharp curve on the Pacific high
way. The party was bound for Bed
ford to get some fishing tackle, the
property of White, and Smith' was
speeding along, as be was anxious to
get back to Grants Pass before mid
night. Mrs. Radford suffered a broken
arm. Neither of the other occupants
of the car was injured. Smith died la
five minutes, Dr- Dow of Central Point
arriving soon afterward.
is. Huntington for no reason, la tba
year iB4, became sullen, morose and
Musnsiiums ana nas remained SO ever
aince. uustofly of their child is asked
rjy tne husband.
-
Paul . Ernst Arrested.
-. WWOW. a. U.Hri, 11.. UKVn KT.
rested in Montesafto Wash hr ahcrlfr
cu .Barren or uravs harbor ronnle
v... w non-suppon. a -tele
gram to tne constables office here.
irom wnicn tne complaint, was issued
runounces mat ne win return without
ciirauiuon. 1
Rifles and ammunition, once des
tined for Villa and his followers but
Intercepted in their Journey by United
States federal authorities, may become
part of the equipment of the Oregon
Home Guard, if the petition of General
Charles "F. Beebe, placed Wednesday
before the county commissioners, is
granted.
Some time ago the government con
fiscated 20,000 rifles of the old Spring
field type, and 1,000,000 -founds of am
munition, which were being smuggled
into Mexico for Villa. They were sola
to a Philadelphia firm, from whom
General Beebe secured an option for
the purchase of 1000 of them and
100 rounds of ammunition apiece
It was his idea that the commission
ers might be Induced to buy them for
the First regiment Infantry, Oregon
Reserves, which he is seeking to or
ganise. It would be a splendid thing,
he explained, to have this regiment
equipped with rifles in order that gen
uine army training might De secured
for these men.
1 The rifles and ammunition can be
secured for $6000. The commissioners
took the petition under advisement.
TWO DIVORCES ARE ASKED
The Motor Girl.
From the New York Tlma. '
onaii 1 teacn you to make dough
nun : sLssea gran a ma.
xes. x sun terribly Interested. ' T
can't understand how you arrange, tho
inner tuoes.
L
Business a Usual"
rTTT mmm assssssisssm.ss?sBi sssnswysj
Wife Charges Non-Support, Hus
band Says Wife Has "Grouch."
Notwithstanding ths fact tbat he
was married and had a child. Albert R.
McCurry refused to work any more
than was Just sufficient to keep him
self, according to one of the charges
made by Gladys Oliver McCurry In a
suit filed for divorce. The complaint
shows they were married in Vancou
ver in 1914 and asks that the custody
of tho child be awarded to Mrs. Mc-
vurrr. i
A C. a Huntington sayg his istfe, Anna
FACTS
A Positive Assertion ;
An improved road Is a
vital factor in the pros-,
perity. social life, relij-l
lous feeling and educa
tional advantage of :
every community. Ai
road, street or-highway
to be properly Improved
must be hard-surfaced'
with :
BITULITHIC
WARREN BROS. CO. j
Journal Banding, Portland, Or.
Stocks, Bonds, Cotton, CraisL, Eta. j
216-217 Board of Trade BoOdtaf
Overbeck & Cooke Col
DIRECT PRIVATE WIRES
TO ALL EXCHANGES ;
Members CThloac Board ef Trade,
Correspondents of asogam $s Bryan, ;
i Chisago, ew York, .