FOREIGN CANNED MILK DEMAND SENDS
ISTOi
mm
MAKE
GRAND RUSH TO GET
Expectation of Warmer "Weather
, Daring" the Immediate Future
Causes Higher Bids in the Court
try for Ice House Requirements.
Cold tortge interests are making tbeir grand
man for uprli In the trad at thi time.
In fact ft apyears to be the final ruau of the
T$)seaon for . tbeir reqnirements.
THEIR
EGG
SUPPLIES
yL- lftie to the fesr of wiirmer weather within
Jl" 7 the Immediate future, there hue been a uis-
position tronf storage Interests recently to
-: . take on all the uiilles of fresh eggs tliey
could aeenre.
' Tbli account frilly tor the fart that buyer
V..- for cold storage awount are actually paying
' lucre to the cunntrj It delivery at t'oruana,
higher price for carrent feeeipts than the
same stock cottld tie aold to the retail trade
K at the moment.
- nemng price or rase counr naw iwu hu
vanceti tn soui quarter to a aoaen, si
t . . k. 1. - . ...ill . . 1 .. . I nO ft a
I luunKlt uilir !ir mm unci ink juw n 9.11'.
doeen. Tne prlee pala by wm or the
k. f- b. buyers la within 5c a case of 83c a
doaen.
While moat of the cold storage purchase are
for Fuget Sound Interests, some business la
banc done for local account.
VEAL MARKET FIRMER HERE
Firmer tone la showing for country killed
cslve in the local trade and sale of top
quality were generally shown along the afreet
during the day at lfc a poiuid. Hogs firm
at l!c for the beat.
LOCAL LETTUCE IS COMINO
Slightly Increased supplies of honie grown
head lettuce are nrrlvtnj on Uie eaat aide
fanners market, and within a ahort tlme-offer-
i t lngs are cxpoc-ted to tak! care of the, trade.
It la believed that only one or two more vara
win come torwsru irotu hihothii.
ONION TRADE IS SAGGING
Sagging trade ia showing'' for new California
red onions with additional arrivals here. Trade
is generally quoting $2.75 per sack for fresh
arrivals, although some of the earlier sblp-
j,ujexiis cobl u:ore man iau
V POTATO MARKET IS STEADY
, Quite steady demand is again showing for
ft old potatoes along the street, with aales at
- tH.SOQ'A.lo per cental, according to quality.
I First carload of now crop white rose stock in
I (rem Los Angeles during the day.
ASPARAGUS PRICES MIXED
y Mixture of prices is showing for ssparagua
along the street. lng green graex U selling
1 from fl.25 to $1.40, according to quality,
While aome of the smaller bunches afe selling
V at flftl.lO per dozen.
BRIEF NOTES OF THE TRADE
: Soap prices again sharply higher for lea dine
brands.
Butter market situation generally firmer.
Cheese trad alow at former price.
Spring chickeua aelling at 16 to 22c, accord
ing to alas.
lien In better demand at 18c a pormd.
Hard stiell clams are up c a pound.,
ftinpipns' vrvrinn?
f i " Weather bureau advise:
Vs r ' ITotect shipments during the next 4S hours
Vs far north aa Seattle against minimum tem
ISperature of about 4 degrees; northeast to
f Spvfcape, 44 - degrees : sou tljf a t to Bois. . &
degrees; south to Ashland. 4rt degrees. Mini
mum temperature ac rortiano icoigbt about
lit rirflTi'
.OBBIXG PRICES IN PORTLAND
These prices are those at which wholesalers
sell to retailers, except as otherwise stated:
Dairy Frodaota.
BLTTKR Creamery, prints In oarafflne
wrappers, extras, due; prime nrata. 87 He;
' JriB, id;ic cuues, ic l
lc 1hs; cartons, lc ad-
ance
rv BLTFERKAT--Portland delivery No 1
f cream. S9c.
KGOS Selling price: Case count, 3Sc
(Mr doaen: buvlnr nrlce. i. c itinv nrii
randled, an&saio. '
LIVE POuljTKY Hena, heary Plymouth
tocaa, iff io.; orainary cntca:ens, 17He;
.tags. ac in.; orouers. loHazzc per
. . 'ui ,cjB, Av-i. -1 1: yrr iu.; areata, rancy,
.lit 28c; .culls 20'424-; auuabe, $2.00 per
iosi.n: nu llv. I Potln
SSe- per lb.; Indian mnnera. old ducks, ltSi
a' li. . ..I... . .r j
oc iwr iu. , vihwum, ev Q"aen.
CllKEBB Selling price: Kresh Oregon
ancy full cream triplets. 2Sc; Young America,
c. Price to Jobbera. flats, 24c; Young Amer
, 2ftc f. o. b.; cream brick. 2SjZc; L,im
orger, 81 32c : block 8 wis. 84'35c.
Fresh Fruits and Vegetables.
FRESH r'HtlTS Oranres. njivel 12 sou
lv$3.00 box; bananas, 645 fcc per lb.; lemona,
'li7o4.2o; California grapefruit. $2.50a2.75
t riorida. $3.00CdU.(Xi: Dears. $1.40(32.00
Vv BKHU1E& Ktrawberrtea, Dollars. $2.8S per
lies, local, $2.00 box: aaatern, $8.00 per barrel
V Airruso icu, x.auiaxjiu, accordlnc to
l'alit.
VON IONS California, $2.1032.60; new. rd
J.76l8.0O aack.
f 1VTAOXJBS stalling price, tabl stock, to
r Cl, $3.60S.T6. Buying price, ordinary abip-
ping, $3.0o; new potatoes, 77He par lb.
I VEXiarrABUsa xurulpa, $2.75 par sack-
, carrots,-, oouc per ooawn tranches: parsnips.
' Sa.KA urk' rshbaire ftaltfnrnU kklu it. .
aren onions, zoo dosen bunches; peppera, 40c
bead lettuce, $l.tioi'l.(S ner crlt: mW.
7.00 crate; artichokes. 90c&1.10; cucumbers'
1.00 t 1.50 per doaen; tomatoes, Florida. 14 SO
l acta. $1.00 per box
M Meats, Ith and Srovislons.
lRBSSKl MEATS Selling price, country
V killed best bogs. 1919o lb.; ordinary lsffl
H8Vo lb.; best veala, 1415o per lb?;" ordl
jy teals, ISQISMic; heavy, 12l2V,c; goat.
4Tjre. iiiuJc ucx in,
. a 11,-10. iw
- , 1 t iu. u. Ik .
. b.wmiu jurj-vis Mams, 7i$38c per lb -v
brrakf 1st bacon, 28jJc; plcnies, 23c: cot-
A tmmwt roll 27c: Mhort ilir. .
rseiports smoked, 27 He per Id. '
LAJtu n.etu renaerea tierces, 2So lb
Standard, 24ftc: lard compound, 19e. '
, oiBvans uiympia. gallon, $3.60; canned,
eaateru, 5ic; $ti.50 per dosen: eastern Id
saeu. si.u per iw; eastern oysters, per a-al-lon,
solid pack, -$2.75. ,u
ri&H Creased flounders, lej Chinook sal-
It mon, ioc, perca, iw; awe, c; lloundera
Vt Sc; salmon trout. 22c per lb.; halibut, I0ai4o
UMK VVII, , VUIUIIIIII. IIIW.l. l7S(SC'
berrias;. 6e: rasor dams. 20c doen- T.'
hell. 4e lb.; $2.75 box. "
.CBAItS-rLarge, gao; medium. $l.T5 do.
Greoari.
oluau cuoe .4o: powdered, 10
- fln.lt or berry. $3.50: llonolulu is . I .'
V $.ao; dry granulated, $S.50; D yellow,' $7.86.
HONKX New, $3.003.2o per cas
- RICK Japan style. So. 1. ?Vic; new Or-
jeans bead, c; blue rose, 8c.
j6ALT Coarse, half ground: 100s, $11. SO
fjfon; OO. $18.00; table dairy, 60s, $l00: 100
ilO.bO; bales, $2.26; f ancy UW and ditoy'
f kr rMI himo rock san.AO nr tro, "
jfBEANS Small whit. 17e; large
J-We pr IU; pink, 14c; limae. 17Hc;
Illlic; red. 14c.
white,
bayou.
. jssps, wool and Kids.
'- HOPS Nominal: buylua: urir tout
, erdinary, Cffidc; selected, 6c; coc tracts, lOc
f WOOL Nominal; Willamette valley coarse
Cots wo Id. 4i47e: medium Shronshlr. ana
V wcx
f, ooe; lino. 40g4bc; eastern 0rgon staple 40
'y tt0c per lb.; coarse and medium, 4o448c
tWH fin. 454i46c; eastern Or.Kou ataple 5
r
HIDES Salted hides. 25 lbs. rf u.
( sHd stag; 60 lbs. sod up, 14c; green end
- altd kip, i5 lbs.. 20c; green and silted c. 1 f
V , and up. 17c; green stags, 60 lbs. and up. lac
M an hidee, 81c: dry salt hides. 28cTdry horse
Vi hides. $1.00ji50; salt born, aldea
V. 6.00: horse hair' 30c: dry lona- wnolVii! SiJ!
' Sect dry short wool pelts, a&ct dry sheeb
T eacbv 50c4$i.oo.
f CHin iM 0B CASCARA BARK Buying
', snW4assk kA nae Iwtas aii.A. aw . "M"
tF" " Jr"- WiaW V73s,B5 lavsr
MUUAia a917. 56&jc per lb. .
f . : Hop. . Paints, Oils. .
aopwr-stsal. dar Wc; whit. 20He per
' eaaaMVBBAfJ Mftnmt la ei Vi
in to: tkb; pioui. aw yvr iu. , siring Deans,
llH'$12vJe; rhubarb, 2c lb.; peas, 66c lb
cauliflower local, $1.001.50 per doaen; as.
' paragQs. $1.00ai.40 per dosen bunch- nin.
LOCAL BERRIES ARE
DRAGGING WITH POOR
QUALITY OF SUPPLIES
California Stock Lj Firmer and
Higher, Rut Northwest Fruit Is
Not Meeting With Favor at Ex
treme Values Now Quoted.
While the market for California strawber
rlea on the local trade Is firmer and gener
ally higher at $2.25 per crate for beat quality
in crates of 20 Dints, there la not much activ
ity In north' est, berries as yet.
itecelpts from tiregon points and from Ken-
newick are somewhat more liberal. While the
quality ia daily showing Improvement, it U
not yet good enough to bring the usual prem
ium OTtr the California Importations.
Early aales of Kennewlca berries packed In
24 pint crate were mad along the wholesale
way at $5 a crate. There were only a few
aales at this price. When the limited de
mand at th extreme point waa supplied, re
ceivers were unable to unload even at $4.50
per crate and aome were said to be offering
yesterday's berries down to 14 daring the day.
California shipments in this direction are
expected to cease entirely during the next few
daya and this will throw the entire demand
"pcm the local product. ..Expectation are for
a good market, although much will depend
upon weather conditions aa well as the quality
of offerings.
Sharp Declines Are
Forced for Wheat;
Selling Is Heavy
. By Joseph F. Pritchard.
Chicago, May 31. (I. N. 8.) There waa a
big break in the wheat market today when
July sold from $2 00 down 'to $1.63 1 and
closed at $1.64. September wheat waa 2c
lower at the dose. The big break In the
July future today was oa the forcing of that
month into th pit by long a as a result of th
harvesting In Oklahoma and of generally fa
rorabl crop prospects) In botti graat wheat
belts.
Corn waa also sharply lower.
Oats were off 14 St Hie and bog products
were mainly lower. Cash sale here were
10,000 bushels wheat. 20,000 bnahels corn and
60,000 buchcls of oats. Seaboard reported
sales of 110,000 bushels of wheat there to ex
porters. Chicago. May 81. (O. P.) Absence of buy
ing power In th face of attempts to sen.
caused the wheat market to break sharply to
day, future J14 lo 8 cents under Tuesday's
close. The market was also influenced by
continued beneficial rains.
July wheat opened at $2, down 8 cents
from Tnesdsy's close. Later it went to $1.05.
September openad H down at $1.83, and later
lost 3 cents.
Cover In (r by shorts because of unfavorable
weather for movement of corn sent that staple
down. July opened lc lower and later went
to $1.87, an additional loss of 4c. September
was lc lower at th opening and subsequently
lost 14sc to $1.24.
Crop condition for oats were favorable,
bat the market waa affected by the drop In
other grains. July opened c down and later
lost lTc to 55i4c. September was Vic lower
at the opening and later sagged to 49e, a
loss of le.
Provisions were slightly higher on a strong
and higher hog market.
Range of Chicago prices furnished by the
rotted Press):
WHEAT
Open. High. Low. Close.
a 200 198 194
183 183 179 190
CORN
141 141H 135H m
12tf 128 H 122 123
OATS
674 68 V4 53 56
61 52 49 49
PORK
8755
8786 8306 8775 8780
3777 8790 3755 8785
LARD
2150
2165 2175 2163 2166
2185 2195 2167 21 T2
BIBS
, S053
72 2075 2047 2065
2073 2060 2050 20S0
July
September
July
September
Jury
September
May .....
July
September
May
July .....
September
May . -.
July .....
September
HEAVY POTATO-BEAN
ACREAGE AT RIDGEFTELD
Rldgefteld, Wash., May 31. Despite unfa
vorable ' weather conditions, thia section of
Clarke county will have this year by far the
biggest acreage of potatoes and beans in its
hltttury. The raina have not interfered with
the planting of . toes crops to th same ex
tent that they have with grain growing. Much
land, including numerous lota, which have not
been used for years, hare been cultivated this
year and most of it ia being used for pota
to ood beans.' While th increased acreage
in these crops is mora noticeable in and near
the commuiiitlea, mora farming land than
usual has been planted to these crops, espe
cially Dan. One farmer alone will plant about
HO acr to potatoes of th early and late
varieties, and several acres of beans. Other
acreages will ran from 10 to 20 sere and
thee win b unusually numerous.
It has been estimated that noere will be
a boat 1500 arras planted to spud la this sec
tion ox th country and this number prowibly
will be Increased several hundred acre more.
depending noon the ability of the farmers to
secure enough seed. More late potatoes will
oe piaatea than early varieties.
LIVERPOOL GIVES COTTON
MARKET A GOOD ROOST
New York, May 81. (I. N. 8. ) Livernoel
furnished the early feature in the cotton mar
ket today, the near positions in that market
advancing practically to the English enoiva
lent. One late pOBltfcns also were stronar ad
vancing mors than SO points over last Tues
day s closo.
Private cable ascribed the Bbglieh strength
u u nau ampmenrs ox cotton from Amer
ica. reriectlng the Liverpool advance. The
local market opened 22 to SO Dointa blrher.
Bull support In the late afternoon, com
blned with local coverlne-. save the mutt
firm tone with the close irregular, at advances
or ii. to posits.
Ranee of New fork mthm nrtces fismhJixi
hy Overbeck A Cooke Co., 216-217 Baare of
i raw Douoin;;
Mcnth Open. High.
January 2149 2149
March-
Low.
2128
aiai
Close.
2183
2161
July 2177 2180
2173
2155
August
September ....
2131
4ctntvr 91 sa 91 an
114
2120
2120
2129
ecember 2146 2147
San Francisco Grain Market.
San rranclsook May 31. Barley calls:
May 81. May 29.
Open. Close. Close,
December ... ...1874 187 1ST
Berley ealee: 100 tons July. 1800 tons De-
Wheat, per cental Oallfomia club nominal;
Sonora, nominal; northern dub, $4.704.75;
oiiio rea nussian, ViS i2; ditto blue
tern, $4.T5ia4.8W.
Barley Feed nominal.
Oat No. 1 Northern, nominal.
Seattle Grain Market.
Seattle,. Wash., May 51. (P. N. 8.) Wbeat
oiueatem. a&ex; Turkey rert, rortyfold,
$2.40: cfobr 2.40- fire kiaiV ,a rh.
$2-88; barley. $46.00. Receipts wheat. 30 care.
LINSEED Raw, bbls.. $1.83 per gallon:
kettle boiled, bbls.' $i.; mw. eises,,$L3
boiled, cases, $1.41 per galloa; lota of 250
gallons.
COAL OIL Water whit in drams and Iron
nerreis, ivc per gallon.
WHJTH LEAD Toasts. 13e. lb.; 500 Jb
lSVio.
fTINt-Tankn. Ue; cases, ee;.10
-f.vSfe?-JL talk-.
CANNED
MILK
GOES
TO HIGHEST RECORD
WITH FOREIGN CALL
Sheer Advance of 30c Case Quoted
by Carnation Milk Products Co.
Allied Nations Willing to Pay
More Than Home Consumers.
All price record were smashed In th mar
ket for canned milk in the local market during
the day when th Carnation Milk Products
company announced a sheer advance of 30c a
cas in its Tarlous brands.
These Include Carnation at $5.80 and Mount
Vernon and Aster at $3.70 per case. All of
these price are the highest on record and
are expected to force advances immediately la
all other brands of canned milk.
For some time. It Is stated, the Carnation
company has been actually selling canned
milk to the domeatlc trade at lower prices
than it could have received for Its entire
production from the allied nations of Europe.
This wss don, it is stated, for the purpose
of keeping down the price to consumers but
it wsa found that soma of the retailers bad
been selling the stock In cas lots to specu
lators, who In turn aold to allied Interests, at
a material advance.
It is now stated that instead oX showing s
diminished demand, the call for canned milk
from Kurop is the most extensive known to
the condensaries and that they are unable to
accept all orders tendered.
Sensational Rise
In Potatoes Forced
In Eastern Trade
Kew York. May 81 (I. H. S.) Soaring
$3.00 per barrel over last week's prices, pota
toes on the wholesale market today jumped
to $10.75 and $11.00 a barrel, retail pile
rising accordingly.
Experts in food market prices were at a
loss to account for th increased price, as th
appearance of th North Carolina to be fol
lowed ahortly by th marketing of th Vir
ginia crop, waa expected to materially reduce
pre railing quotations.
"A mysterious western demand" Is eansinc
th sanaatlonally high prloes, aooordlna; to I
3. Lippman, a member of Mayor Mitchal'a
food aupply committee.
Shippers of potato from th potato belt of
North Carolina taid potatoes are selling thr
at $11.00 a barrel. According to th man fa
miliar with the situation, the question will
go to $18 within a few days and no end in
th upward prlc movement is in sight,
AMERICAN LIVESTOCK PRICES
Cliicatto, May 81. (L N. S.) There were
few bogs here or elsewhere, but a big stale
stock was at handicap to the selling; side. Wed
nesday's best price were held, $15.90 top be
ing made. Cattle sold steady to strong st the
txt prices of the week, bnt live mattoa trade
was in semi-demoralized shape.
Seattle Hogs $16.85
Seattle. May 81. (P. N. S.) Hogs Re
ceipts 199. steady. Prime lights. $16.10i
16.25; medium to choice. $16.00&16.10; smooth
heavies. $15.Vg 13.75; rough heavies, $16.00(3
13.25: pigs. $15.0015.25.
Cattle Receipts 68, steady. Best steers,
$10.5011.00; medium to choice. $0.70(910.25;
common to medium, $7.0Oit9.5O; best cows.
$S.2."(g.i.25; common tn medium cows. $5.00(3
8.00: bnlle. $4.00(58.00; calves. $6-5011.50.
Sheep-"Receipts none, steadv. Lambs, $13
S 13.50; vearllngs, $12 .0(?12.f5; ewes, $19.00
11.00; wethers. $11.00 12.60.
Kansas, City Hogs. $1S.9
Kanaaa Cltv. Mo.. Mav 31. it. V.
Cuttle Receipts 8000, steady to uneven; steers,
$10.00ffi 18.25; cows and heifer. $.0OQ12.75:
stackers and feeders, $6.00i2 10.50: ealves.
$6 00313.25.
loea Receipts 0000, 10(3 15e higher. Top,
105; bulk. $14.90015.80: he TV. 815.75ia
15 95; mediums, $16.65(21(5.90; lights, $14.75
Sheep Becelpts 6000. steady tn 10c lower-
spring lambs, $16.001S.OO; mixed Sheep.
$12.00(312.75.
omaba Hogs $16.69
Oman. Neb- Mar 31. (I. N. S. Oatn
Receipts 4800, strong; beeves. $10.26(813.28;
cows and heifers, $7.0012.25; stockera and
feeders. $7.00811.00; calves. $9A)(314.00,
Hogs Receipts 7000, strong to 10c higher;
mired and butchers', $16.15(315.55: good and
choice heavy. $15.55'315.65; rough heavies,
$15.30(315.60; pigs, $12.00314.60; bulk, $15.26
1.I"J,
ShfeD RKDt 4000. 2Ce lov-r:
wethers. $11.75B12.50; shorn yearlings. $12.00
3ii.w; saom lamos, si.2uai3-VU; spring
lambs, $16.00clS.Oo.
Denver Hogs $15. $0.
Denver. Colo- May 81. V. P. Tat-ib.-.
Recelnts 5500. Steadv to srmnir Ctm.i-.
$10.0012.70: cows and heifer. $f.O0($10.6O;
stockera anil feeder, $7.754110.25; calves,
$120(314.25.
Hogs Receipts 8500, 10c higher. Ton,
$15.80; bulk. $15.26(315.70.
Kneep receipts oa steady. Bwea. $18.00
14.50; lambs, $li00g 18.60.
PORTLAND'S DAIRY EXCHANGE
Creamery batter was up lc, dairy lUc and
cheese c: others unchanged.
Prices Between dealers:
. BUTT BR WW
Cube Thur. Tues. Mom FrL ago.
Bxtras 87 86 36 86 86
Prime first My, 36 86 85 85
Dairy 80 29 29 29 29
Current receipts 32 32 82 32 82
CHBI3BQ
Oregon triplets 23 4 23 23 23 23
DAIRY PRODUCE ON THE COAST
Seattle Market
'"tt1f. Mar 81. (D. P.) Bntter ITattre
Washington creamery, cube, 38c; do brick,
89c: fresh California, .cube. 38e: do brick. 38c
Eggs Select ranch,' S687e. -Cheese
Oregon triplets, 27c; Wisconsin trip
lets, 28c; do twins, 28c: Young America, 28c.
Baa Francisco Kirkat
San Francisco, May 81. (O. P.) Butter
xiinu, ovnc; prune ursis, JHJC
E8 Extras, 88c; extra firsts 88c:
extra pullets. 28c; extra firsts pullets 28c
Cheese California fancy. 22c; firsts, tie.
POTATOES ALONG THE COAST
Seattle Market
Seattle, May 81. (U. P. ) Onions Atjs-
irniia, oci wax, uxi,
Potatoes Taklma Gems, $90.00
$76.00; locals, $75.00380.0O.
Los Angel Markt
Los Angelee. May 81. (P. X. SJ Pota-
Mt, $4.70; new, $1.00&1.10 at. $3.60 per
v . , . iv im me, rJ mnnn,
Saa Francieeo HaAn
San IVanaaoo, May 31. (U P.) fpf toes
Per cerrUl Delta. $3.75(84.00 skdforlZ
ir. iocJL,JP,ow Oregon Lor-
i-w.iw; jarw potatoes, white, SH KM
4c per pound with a few extra fancy higher;
Onions Australian, $2.00(22 JB; new Stock
ton red, $1.60 per aack on the wharf.
American Cash Wheat.
Duluth No. 1 hart, $2.86; No. 1 Northern,
$2o5: No. 2 Northern. $2014- No. n vweC
ern. $205: No. 1 durum, $2.30; No. 2 dnrum.
Winnipeg No, 1 Northern. $2.83; No.
Vm-Himi n- ft X.l. ti nm
. ... . , y " i v ii. W .
Minneapolis No. 1 hard, $267 bid; No,
1 Xorthern, $2.52; No. 2 Northern, $2.42:
So. 8 Northern. $2.29; No. hard Montana
v-i.t1i nil. uiuiuu, ..kU D1U.
Chlcaro No. S nerd. $260.
St. Loot No. 2 red, 82.75 bid; No. 2 hard.
$2.70 bid; No. 3 red, $2.63 bid.
Kansas City No. 3 red, $2.68 bid: No. 3
bard, $2.66; No. 3 hard, $2.63; No. 2 red.
New York Metal Market.
. Kew Tort, May SI. I. N. 8.) Tin Doll.
Snot.-65c.
Lead Strong. May. Ue Wd; June and
Spelter Do.lL May and June, S(H9c
uoooer strong. Knot. xiirt Sir inn. m
July, 32c; Aognet, 30c; September, 30c; last
quarter, c
1 1 J
New York Sugar and Coffee.
Sugar CentrUugal, S6.0S. .
QUOTATIONS
OUTLOOK NOT STRONG
IN CAM SITUATION
FOR COAST TRADING
Offerings of California Grassers
Liberal and Requirement of
Killers Limited Hogs Are Lower
With Sheep Still Nominal Here
PORTLAND LIVESTOCK RUN.
Hors. Cattle. Calves, gbeeo.
Thursday
Wednesday
Tuesday
Monday
Saturday
Friday
Week ago
Tear ego
Two oars ago ..v .
TUree years ago. . .
. 4tl0
. lt
. 287
.2u4
. 393
. 702
. 107
. 129
. 210
. 447
21 1 25
15 4 "
71 1 X!
ffil2 2ft 84
4!'7 6fl 1003
2) 29
872 278 213
111 12 398
11 9 1803
303 17 20
157 8 10W
Four years ago. 1186
Weakness in the cattle market is most In
tense and dullness and almost stagnation rule.
There 1 practically no indication at th mo
ment of any improvement in the altnatkm so
far as the immediate future ia concerned.
Top quality ateers are not expected to move
beyond $9.5o for any appreciable- supply, al
though it might still be possible to get $10
for something extra select, but in a very
limited way.
With plenty of California graaaers offering
and still more available; together with the
fect that killers' requirements are the smallr
est for. many years, adds to th congestion m
all Pacific coast centers.
General cattle market range:
Prime light beef steers
Prime heavy beef eteera
Choice beef cow
Heat heifers .. . '.
.$ 9.50(310,00
. 9.50Sl0.00
. S.6t H.76
. S.70kt 9.00
. S.00Q 8.25
7.30
. 5.00 7.00
. 7.00010.00
j Ordinary to good, cows -
! Prime heavy butcher bulls
Light bulla
Calves
Hog Market Lower.
Generally speaking there waa a weaker tone
in sentiment and a iose of 10c to 15c in the
swine trade st North Portland for 'the day.
Receipts were small with only one full load
arriving; that being from a California point.
Aa long as Portland la willing to pay more
monev for bca then-the California markets.
just that long will th soutaern stock come in
this direction.
General nog range:
Best heavy packers $15.504315 60
UU1K 01 packing grades uxiuiaiami
Ueat light packers 15.4O16.50
Rough and heavy 14.004il4.5t
pigs 13.00t 13.50
Stockera 12.00KJ 13.00
Small Supply of Mutton.
A small supply entered- the mutton division
of the North Portland market over night. Of
ferings were from a Willamette valley point.
Ueneral trade conditions are steady with the
trend of the market quiet and indicating no
pedal price change.
Ueneral sheep and lamb marat:
Beat east of mountain lamb $1S.60 14.00
Best Willamette valley lambs 13.0013.5O
Best yearlings 12.W 18.50
Best ewe iu.wvgii.ow
Heavy awes 9.WX0NMJU
Shorn sheep quoted 1(2C per pound De-
low wool offering.
Thursday Livestock Snippers.
Hogs H. M. Garnet, Willows, Cel., 1 load.
Mixed Stuff J. E. Smith. Donald, 1 load
bogs and sheep; G. A. French, Alrll. 1 load
crttle and bogs; C. W. Edward, Monroe, 1
load cattle and hogs: G. W. Kyre, Salem, 2
loads cattle, carves, hog and abeep.
Thursday Morning Sal.
HOGS
No.
Av. lbs
Price
$15.60
16.50
16.60
19.50
15.4)
15.40
16.40
14.50
11 hogs
S hog
2 hogs
4 boge
14 acg
3 nogs
2 hogs
1 hog
SPRING LAMBS
195
191
240
248
155
167
170
100
29 spring lambs 62
$13.60
32 spring lambs
89 spring lamb ....
85 spring lambs
29 spring lamb .
16 spring lamb
17 spring lambs
1 spring lamb
66
13.50
13.50
18.50
. 13.50
07
72
61
67
63
50
18..V)
13.50
9.00
$11.00
11.00
11.00
11.00
10.26
23 yearlings
11 yearlings
1 yearling ,
2 yearlings
6 yearlings
S wtber ..
123
9H
96
100
92
WETHBiio
106 $10.00
BUCK SHEEP
1 bock sheep
150
100
210
190
116
100
130
124
120
110
120
iao
175
98
$10.5O
8.00
8.00
8.00
1 buck sheep
1 buck sheep
1 back sheep
4 ewes ......
1 ewe .......
1 ewe
14 ewes
40 ewes
1 ewe .......
2 ewes ......
1 ewe
3 ewes
ti ewes
EWES
$ 9.50
. oil
9.00
9..V
925
9.25
8.30
8JV)
8.00
7.00
Cool Weather Is
Retarding Crops
In State of Oregon
FtoOowine; la a summary of the eroo condl-
tjons In Oregon for the week ending May 29, aa
reported to the local office of the weather
bureau by special correspondents throughout
the state:
Continued eooL cloudy weather, still further
r-tarded work and the growth of all vege
tation, except grasses which have greatly lm-
Droved.
Rye. barley, oats and spring wbeat Is mostly
needed, but wet enil has prevented this work
t such an extent mat tne acreage wui oe
leas than that anticipated under favorable
conditions. Early sown tbst is up, ss well
se winter wheat hops and sugar beets, doing
aa well as couK be expected with tn un
favorable weather.
An increased acreage of corn, beans and po
tatoes is being planted aa the soil permits, bnt
this work was also hampered oy wax gronnd.
Some early corn is np, but look yellow owing
to lack of warmth and sunshine.
Meadows, pasture and ranges are in ex
cellent condition, and stock shows decided lm
Drovement.
Fruit prospect) are encouraging, except that
prunes are dropping badly in aome localities,
and bright, sunny weather is needed to pro
mcte pollination.
The hast two days were very favorable, end
all crops quickly responded to the changed
condition.
BANK STATEMENT OP COAST
Portland Banks.
TWs Week. Year Ago-
....$2,609,562.57 $ 1.630,067.19
.... 2,364,727.43 Holiday.
Clearing
Monday ...
Tuesday ...
Wednesday
Thursday .
Clearings .
Balances .
Clearings ..
Balances
Clearing .
Holiday
2,933,147.76
1.875,741.43
. Spokane Banks
Taeema Banks
Seattle Banks
San Franctsoo Banks.
...I1.167.816
... 270,830
$555,052
.... 170,538
...$3,887,675
. . . 690,579
. .$16. 452, 797
Balances
Clearings
American Wheat Options.
May. Jnly.
Dnluth .. . 255 216
Wbinipea .......188
Minoeapotis . .. 266 212
Kansas City ... ... 202
St. Loads 197
Sept.
a
in"
ia"
October.
Money and Exchange.
New York, May 31. (U. P.) Money ea
call, 2 per cent; six month, 4 per cent;
mercantile paper. 4 per cent- bar silver,
London. SSd; New York, 74 c; demand sterl
ing. $4.67-
Whea 'writing t er calling aa advert!
please mention The JoaraaL (Adv.)
HIGHER
Edited by
HvroanH. Cobra
MIDDLE 1ST BRING
WEAKER WHEAT MART,
Chicago and Other Centers of the 1
SOAKING RAINS IN THE
Eat Are Down at Start AYeak- ; J emed to restore Wall street opti
mism today and the stock exchang Opened
ness and Extreme Dullness for ith another boom which carried catted
. : State Steel to 185. up from its best pre-
Flour in the Northwest. I vious high record.
I The market goealp bad been that the apart
j o' bull activity had about apent itself, or that
,,,,,, : a period of readjustment during which the
FL0TJX DOWlf 40 CI1TTS Wd-ra would back and flU while low price
All grade of flour showed a reduction of share were bid up waa due. But the opening
Oo a barrel during th day on th local mar- waa distinctly a leader' market. fnlted
net, following the weaker wheat market. This
plaoa patent at $11.70 per barrel.
NORTHWEST GRAIN RECEIPTS
Car.
Wheat. Barley, nr. Oats.
44 1 16 3
4.- 3 9 5
6.22H 271 1461 22411
10,276 lil8 lMft) 1042
47
Ill 8 6
6.825 131 810
7.017 622 ' 413
) 7
50 12 4 23
5,282 348 1677 12ud
7.810 1337 2030 1093
Year ago. :
22
waaon to date.
Year aao.
2511
2745
Tacoma, Tues.
Tear ago.
:
83
neason to date,
tear ago
Seattle, Tuei..
7
24
1 ear ago
Season to date.
1 exm r m ti
. -...... , " ' , w . w
Soaking rains In the central west where
thy wee greatly needed, calling for crop
, " . , , .
v,,,, w iwiiTv uu a ncmi-
er tone generally in the early Chicago wheat
market trade for the dey.
. -
Ther waa a very dull ton generally
throughout the country on this account and
little activity was Indicated by the trade at
any point, aav In few portions of the Ps-
df lc northwest where buying has been re-
sumed on a small scale for direct shipment te
Europe from Pacific terminals.
Weakness continues Ln the flour market and
little busiuees Is shown at any point ln the
northwest. Trade in general is expecting lower
prices but It ,1s doubtful if this will cause
anything except further dullness as the trade
seldom buys when values sre on the toboggan.
Coarse grains are ateady ln the country,
especially barley. Hay is steady for north-
west offerings. Little new crop California has
as yet arrived ln this territory.
FLOUR Selling: Driee: Patent. 811.70: Wil
lamette rillrt XlOOo- local traLrht tin MV
11.0"; bakers' local, xu.MX3ll.70; Montana
spring, 12.50312.7ii; exports, $9.00: whole
wheat, $11.90; graham. $11.70; rye flour.
a.io per oarrei.
liAi Burma- nrlce. new eroo.
Buying price, new crop, Willamette
valley timothy, fancy, $27.00&28.00; eastern
Oregon-Washington fancy timothy, 30.0O; al.
falfa. $22.00ra23.00; valVy vetch, $20.00; '
cheat. $20.00; clover. $2O.O0.
UKAI.N SACKS Nominal. No. Calcutta.
11 y
1 (i 1 1 "t. c In car kits: less amounts hisber.
MILLSTCFFS Sellins nrice: Bran $37.00
3S.00: shoru. $40.00&i41.00: middilnxa.
$19.00 per tou.
HOLLEU oats Per ton. $04.00.
ROf.LEI) BARLBY Per ton, $51.00.
CORN Whole, $72.00; cracked, $73.00 per
ton.
While a sale of 10.000 bushels of bmestem
wheat was made at S2.43. closing blda on the
exchange were down to $2.40; the general
market being 3c to 6c off.
Oau bids gained $2 a ton and barley lost
: a ton.
.
Merchants Exchange cash bids:
WHEAT
Thura.
1917. 1916.
Tues. Mon.
1917.
Bluestem 24 9S
aT. i-o
Fortyfoid 237 80
Club 237 87
242
241
238
4C00
4500
242
241
238
4600
4400
Russian 235 87
OATS
Feed 4700 3500
BARIf Y
Feed 4400 2725
IS
LEAVE WIFE, FAMILY:
Undue Influence to Obtain
, r if I
Possession of Money and
Land Are Also Alleged.
"r-.,, .( .nn an iiiiii
0.1k. v.. " .
and father to abandon his wife and
children, and undue influence of the
same woman in securing- possession of 1
$200,000, and property valued tLt
$68,450 owned by him are cited in a !
complaint filed this ' morning- ln a i
transcript of removal from the circuit
court of Lane county to the United
States) district court for the, district
, 1
Of Oresron.
Godfrey It Lelberg- and Cassiel R. 1
Leiberg, aons and alleg-ed helrs-at-law
of th lata John B. Leiberg, are the'
plaintiffs, agralnat Carrie E. Marvin,
alias Caroline B, Leiberf.
During- 1882. John Lelberg-, then ln
Iowa, became acquainted with Carrie
Marvin, who, a cording to the com-1
plaint. Ingratiated herself Into his fa- I
,in -t.a tr. .Ttnt tilrinirHl him !
" " - "
irom ms ramuy.
In 1883, the plaintiffs alleare, the
family moved to Idaho to avoid these
"seductive arts." She followed, com
plaint avers, and finally induced Lei-berg-
to abandon his wife and children
and deed some Lane county property
to Bernard Marvin, her eon.
A verbal agreement is alleged to
have been made at the execution of
the deed whereby the property would
revert to the mother. Sale of the
property was entered into with Ralph
B. McErwen, it Is stated, he having
made payments of $14,000. , By the
same influence, Carrie Marvin Is
charged with having secured posses
sion of $200,000 owned by Leiberg.
Canceling of the deeds Is prayed for
and that the amount which McBwen
owes upon the purchase of the land be
considered a lien; also that plaintiffs
be decreed to be owners of the land, as
well aa 8X0 acres of Umatilla county
land and that transfer of, the $200,000
be set aside.
Sinnott Presents
WOMAN
ACCUSED
OF INDUCING MAN TO
Fruit Growers' Sidej.W
Washington, May 31. (WASHING
TON BUREAU OP THE JOURNAL.)
Representative Sinnott today went be
fore the executive comittee of the
American Railway association, acting
as a committee of the National Council
of Defense to present at a secret ses
sion protests and data he has gath
ered on classification of fruit In the
program for preferential food move
ments. He believes from unofficial
report he has received that fruits
will not be classed as luxuries and
fruit growers will be protected this
fall ln marketing their products.
American Engineers
To Leave for Front
.1 - 1 iian m a .1 0,
Paris. May SL (1. N. 8.) It was
officially announced today that the
American engineering commission,
which recently, arrived here, will
shortly leave for the front.
! Steel & Eaulnment
'Issues Sell High in
New York Trading
Naw York. May 8L (I. . ..) A day f
ga natal advaac am th stock excaaage, dar
ing which United States Steal eonuna set a
new high record ef 1$$ and gain of t
poiats were general, elessd with a ehars
rak ef 1 t t points la th final trading
thfa afternoon, -v
Halted State Steal sseak broke to 134
and Crucible Steel turn Vied t $6.
The market closed steady, government bonds
unchanged, railway sad ether sends firm.
B F. C. Reeves
New York. May 81. (I. N S.) Th hoU-
State Steel opened a point higher at 1844,
and soon touched 136 on a sale or 7000 Shares.
Crncibh Steel sold at 82. np IV
j The msrlne share and some of the leading
1 cciper were fractionally lower at the etart.
, while Reading was up -and TJniJO Pacific
higher. Utah sold up to 110.
The first block of Steel traded in waa of
12.UA ahares and aa the trading grew more
spirited the Steel post became the center or
Interest. Before the first half hour ended
at 135.
Among the Important stock American Car
!. , 01 . ..1 A
j looaco prouucis uhm -u u a in ui-si
American Linseed preferred 2 point to 63.
'"'T'V w" ""t
peculatlv interest through the early trading
, witi, bnylng order on a large scale. ine
, wast was a heavy buyer of all the leading
Ug5!!-. . ,
I 1 iitj aU anv lutvi r wrmm aa a,Mvuw v
ta l-rJrd States Steel common, which.
; after selling np to a new high record of
I 135, reacted to 186 on realising sale,
i The other eteel industrial were also ia good
; demand.
The marine lasmea were active and atrong,
1 the common advancing 1 to 81 and the
I n referred 2 to 86. Atlantic. Gulf moved
I ap 2 points to 109. international Paper
I made s gain of 1 to 45. A number of
: spedalliea made gain of from 2 to ft points,
', At 2 o'clock Steel sold at 136, up 2
' tor the day, reacting to 135.
I Industrial Alcohol waa a atrong rsarore.
moving up to 143. from which it reacted to
142. American Sugar also anowea sirens-ru,
selling at 118. a gain ln an of ever 2 points.
The motor atocka continued weak.
Industrial Alcohol dropped about B potjra
and losses or 1 to points wvre "mu
1 many of the leading stocks in the last rew
: minutes but most of the stocks closed the day
wjth net gains.
1 0.1,. . th- A.r 1.130.OOO hares, bonds.
$2,724,000.
Rang of New oYrk price furnished by
I Ovrbeck
aCook Co.,
io-xi
217 Board of Trad
1 bulldina
DESCRIPTION. Opea High Low
Close
Alaska Gold
A ills Chalmers, com..
American Beet Sugar.
American Can. com. . .
Am. Car Foundry, ..
Amer. Cotton OIL . . .
Amer. Linseed, c
Amer. Locomotiv, C.
6
32
97
52
T5
42
26
78
116
122
63
86
81
94
60
75
42
24?
74
I American Sugar, c. .,
117
122
L M' ' ' ' :
&3
' ""V"
i lranni mini iim u&i
Auacooda Mining Co.
I Atchison, c
102
102
Baldwin Lorornotlv. ci
os
W
68
72
) Baltimore at Ohio, c. . .
. Bethlehem Steel, c
Brooklyn Rap. Traaeit.
140
63
43
22
62
43
21
: Butte at Suoertor
Cal. Petroleum. C
Canadian Pacific
, central Leather, e
I Chesapeake A Ohio. . . .
ail. Gt. Western, e.
CM., Mil. 'at. Psnl. .
Chi. Northwest., C. .
162
162
94
60
H
76 V
94
60
11
75
113
118
CM no uopper
68
53
58
53
10S
32
79
26
I
Colo. Fuel- a iron, e...
Consolidated Oas
106
1 Corn Products, c.
32
80
'Crucible Steel, c
I Den. tc Rio Grande, .
!Krl. e
General Elect rie
Goodrich Rubber
I (It. Nor. Or Land..
Great Northern, pfd. .
' iihm rvk
163
02
84
Hide a Leather,, e
Ire Securities
Illinois Central
Industrial Alcohol
TntrHnro. e.
14
254
103
102
138
10
22'
140
10
22
97
68
j Kan. City Sontbara, c.
LecKawanna oneei
Lehigh Valley
! 2U
- Mexican Petroleum ....
, itisscsr
!M?,f?g2ic:
63$
127
60
4
40
68
28
0
63
New Haven
New York Ahr Brake ..
152
152
New xork central
92
92
104"
St
northern racina
Penn. Railway
Peoplee U"
p'fn'cx'"e'.'
Bay Cons. Copper
Railway Steel Springs
S?"".' stei"'e' '
iund W. ...'.'.
Shettnck
,tebk2
Sloes Sheffield
Southern Railway, e...
Tenneaaee Copper
Teas Oil
" ' V"."
ia pacific, c
U. S. Rubber, a..'...
U. s. SteeL c
Virginia hemicai," " el.'
w. U. Telegraph
Wrbon iertrtc. .
"UJJr overiana
104
63
70
116fll6
2
125
8
1 wooiwortn
1ZT
"Total saie fox day were 1.130,000 share"
LAND BOARD
IN PR OF FURTHER
Fl
May Be That Request Will Be
Made When Governor
Withycombe Returns,
Salem, Or., May 21. All three mem
bers of the state land board have ex
pressed themselves In favor of re
questing Attorney General Brown to
nmv land fraud case.
It Is probable that the board will
meet and make this request aa soon
as the governor, who ia out of town
todav. returns. If this request is
made, the attorney general will pro
ceed with the investigation, using
probably the regular funds appropriat
ed for his office and depending upon
the emergency board to give him re
lief when his funds are exhausted
The attorney general, however, ts
opposed to any move that might be in
tended to force the state to an early
trial of the case, as he ways a thor
ough investigation must be made first.
as this case is not In the same condi
tion as were, the Hyde-Benson land
fraud cases, which the attorney gen
eral prosecuted with marked success.
In the Hyde-Benson cases the land
frauds were of more recent date and
the government, as a part of Its prose
cution of Hyde, on criminal charges,
had gathered a great deal of evidence
which the state could use in its suits
to recover the land involved, while in
the racine Livestock company ease
the evidence has not been gathered.
MEMBERS
RAUD
INVESTIGATIONS
Finance : Timber : Industry
Libert Loan Operations and Opening of Farther Credit for the
Allies Affect Condition of Federal Reserve Banks ln Last
Week's- BuAineM Gold Reserves Decline Twenty Millions. -
radar! Xeeerve
Loan operations of the government
calling for the concentration of fund
at the New York, federal reserve bank,
also the opening of further credits
to al lied governments by the U. 8.
treasury affected, to a large extent,
the condition .statement of the fed
eral reserve banks Issued by the fed
eral reserve board as at close of busi
ness on May 25, 1917. On the asset
side the largest increase for the week
is shown for "uncollected items,"
largely clearing house exchanges. ;
which represent checks and drafts on
New York city banks In payment of
subscriptions to 3 per cent certifi
cates of Indebtedness Issued during
the week. The substantial increase
in the amounts "due from depository
banks fiscal agent account" repre
sents amounts paid. In by banks on
account of subscriptions to U. S. cer
tificates of Indebtedness and rede
posited with the subscribing banks.
On th liability side the largest in
crease is shown for member banks,'
reserve deposits, chiefy at the New
York bank, due to temporary rede-,
posits of funds previously paid out
by the federal reserve bank ln con
nection with foreign government
credit operations. As the result of
these operations the reserve banks'
gold reserves declined about 20.2 mil
lions and their total reserves about
10.8 millions. In transferring funds
to the New York bank the govern
ment availed itsolf largely of the
services of the gold settlement fund,
as is Indicated by the large Increase
ln the amount standing to the credit
of the New York bank and by the
reductions ln the credit balances of
nearly all other federal reserve banks.
An increase for the week of nearly
$10,000,000 Is shown In the holdings
of bills discounted and bought. Dis
counts on hand increased about 2.7
millions notwithstanding large de
creases under this Ire a a reported by
the three eastern banks. Agricultural
and livestock paper maturing; after 90
days (six-month paper) agirregatlng
about 2.S millions Is reported by the
southern and western banks, nearly
on half of the total being held by
the Minneapolis and Dallas banks.
Total discounts are inclusive of 16.8
millions of member banks' collateral
notes as against 14.9 millions the
week before.
War and Business. Tn Its current
report, the Investors' Public Service.
Inc., says: "The XTnlted States is en
gaged ln the business, of war and war
is Its only business. It has enlisted
the business men of the country to
help it conduct the business of war,
and to insure the coordination of all
the nation's business interests to the
common cause of war. Washington is
warring not upon business, but with
business. America entered the war at
the height of the greatest era of pros
perity this country has ever known.
It will emerge from the war more pros
perous stiu. ine steel stocks, even
FILM STARS ATTRACT
Great Throngs In All Walks
of Life Fill Lobby and the
Ball Rooms at Night,
In a blag of merriment, the motion
picture men brought their two days'
convention to a close Wednesday night
with a great ball at th Multnomah
hotel. It waa a huge and cosmopolitan
gathering, of everybody from every
walk of life. If there was a shade of
society missing it wa too delicate a
Shad to be visible.
Everybody came and with only one
purpose. That waa to see the movla
stars Margarita Fischer, Dorothy
Dalton and fllrndom's "most beauti
ful man,' J. Warren Kerrigan. And
they saw them the tony society folk,
those who would like to be tony, and
tboaaa who don't car whether they ar
or not. Dnainea men and their
wive and families, politicians with
honeyed smile and words who, inci
dentally, overlooked no chance to snare
a stray vote or so, motion picture men
and women ln plenty, of course, and
every other somebody under the sun.
Ta two ballrooms of th hotel and
th Immense lobby were all crowded
with dancer with a Jazx orchestra
playing lively popular alra in ach
hall.
Th oantar ef th entertainment ac
tivities centered ln the lobby, where
program of vaudeville was given.
concluding with the singing of "The
Star Spangled Banner" by Mies Caro
line Loewengart. Miss Loewengart
aa ln splendid voice, and was hearti
ly applauded.
At 11 o'clock th grand march start
ed. Th original idea of the movie
men was to have everybody march.
That idea flxzled quickly. The visitors
came to see the celebrities) and not to
be seen. As a result the grand march
consisted of Miss Fischer, eacorted by
Judge Gatens, and Miss Dalton, escort
ed by Mr. Kerrigan.
Th convention Itself, termlnatlnr
Wednesday afternoon, was given im
portance at the final meeting by ad
dresses by A. H. McDonald of Eugene
on "Oregon's Exhibitor. Past and Pres-
lantr J. 8. Haughey, secretary of the
Portland Motion Picture Operators'
Union; J. A. Koerpel, northwest man.
ager of th World Film corporation,
and O. T. Holtxclaaw of the Circle
theatre on The Spirit of the Day."
Far East Markets
For Frnit Planned
Wsvahlngtonr May L (L N. S.)
Markets of the far east will be opened
for the American fruit shippers of the
Pacific coast, through the effort of
th United State department of agri
culture.
Announcement was made today that
a representative has been sent to in
vestigate the fruit markets of China.
Japan. Australia, the Philippines and
Siberia, with a view to establishing a
foreign trade for th Pacific coast fruit
growers.
many of the witnesses have died, and
the task of preparing th cas ia not
small.
Th evidence which ha been gath
ered, however, clearly reveal that
lands involved were obtained from the
state by fraud .and that many signa
tures to application were forged.
The salt is to recover for th benefit
of th common school fund approxi
mately z,00Q acres- valued a 1450,000.
CROi TO MOVIE BALL
IN MULTNOMAH HOTEL
with the gain of the last ten days con.
sidered. are still underpriced on' the.
basis of underlying assets, total earn-,
tngs and net profits. Statistics, pub
lished during the week show the aver-
ago price of the principal steel pro--ducts
his reached a high record tig.
ure of $95.94 a gross ton, as compared
with an average for 1916 of the -same ''
products of $58.99. and for 115 ot
$32.83. Even taking into account all -lncreaaos
in the cost of labor and raw
materials, the largest part of this in-
-wMk.v. iikv m aik,i watwu (iiuiiiB 1W .
tne steel companies profits that" in .
some Instances have gone up as high
as 1000 per cent ln two years. Most
of the great steel corporations for a
year past have been earning at a rat
tetter than 60 per cent on the par;
value of their shares. Tle price of -crude
oil, already th highest in the .
history of the Industry, is certain to,
go higher, since production month by "
month is dropping farther behind the
rapidly increasing demand. T'at eon- ,
dltion ia reflecting itself in tnVrl ot,
such shares aa Ohio Cltlesttjas, Mexi
can Petroleum, Sinclair Oil St Refining
and the oil stocks generally. Lead at.
10 74 cents a pound is higher priced
than it has been sine the Napoleonic
wars, insuring increased profits for
every producing lead anf lead-sllvar
mine. It would be impossible to com-'
pile a list of raw products or a list of
manufactured commodities that did not
show materially higher prices for every .
item that prevailed even thre months
ago, and these pricea have not yet -'
reached anywhere near their war mu
imum.
BMpbnUdiaa; la Seamark. . Th
building of wooden ships is now under
way ln Donmark, according to thacur .
rent publication of government com-
mercial reports. Althouch.the start la '
small, the experiment is being pushed.
Decision in Ahis matter has-been -
pushed by the German submarin
warfare. At many Danish ports tem
porary arrangements have been mad
for the laying down of wooden ships.
Many industries are threatened With,
stoppage, due to lack of raw materl
als and the workers can thus be given
employment at the shipyards building .
these new vessels. The type being -constructed
is a standard one,-with
three to four masts, and having a -loading
capacity of .00 to 600 ton.
ine Doats are being equipped with
motor engines. Ten craft of this styl
are now building.
Sarg-ent Oo. Open Office-argtnt '
& Co. of New York, the largest retail
Investment banking house ln th
United States, having branoeha In all-""
the principal cities, has opened offices,
ln the Northwestern Hank building. -
Lomciaent wur. tno opening, announce
ment was made "That the romnanvhaa "i
subscribed to $6.000.ooo of th Liberty "
loan and aa an extra inducement to it-,
aarenta to re-sell a nnrtinn r tk. '
bonds, prizes running from $100 to
tion Will take place during th week
of June 3.
Jutland Anniversary
Is Doubly Celebrated
London. May tl. (V. P.) Both
England and Germany celebrated vic
tories in tlie battle ot Jutland today.
Here in London there were memorial
service largely attended by officials
and navy officers and men.
Dispatbhes from Berlin said th ob
servance thera was in the form of
great benefit for the relief of th
families of submarine crews, held In
the Relchstaf? building, with all gov- "
ernment officials present. - , '
The battle of Jutland occurred on
year ago today.
s
The high seas. fleets of England and:
Germany met for the first and to
date, the only time ln the naval bat
tle of May 31. 1816, in the Skagerak.
The losses in this greatest of all a
battle totalled: -z
British Three battle cruisers; thro
cruisers, eight destroyers and two
other ships 116.000 tons in all.
Germany Eighteen warships of a
total of 90.000 tons.
When writing to or calling 'on advertisers.
mention Th Journal. (Adv.)
11
1L
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