THE OREGON DAILY JOURNAL, PORTLAND, WEDNESDAY, FEBRUARY 27, 1918.
21
OPEN SEASON FOR SALMON FISHING ASKED BY THE PUBLIC
Edited by
Hyman H. Cohen
STORAGE INTERESTS
CAUSE OF BREAK
THE PRICE OF EGGS
One Firm Imported to Have Lost
Close to $1000 Within Few Days
on Speculative Activities Outside
Markets Rule Lower.
Smelt Prices
Ruling Low in
Portland Trade
With quit fair supplies of imH Mill earn
ing from the KaJama Hear, th local price It
ruling vary . Sale war oh own In tha
trad hara during tha day at 11 1.60 pap
be, tha former fop pro lout day's arrivals,
whlla tha latatt offering were quoted at
IUIO1.0 generally pap M pound boa.
Thla mean that tha wholesaler makat about
20o a box on average of far Ins.
-Break In tha priea of sil" locally during tha
laat 24 hour, waa dua antlraly to tha action
of tba big dealer In trying to lore, value
down to tha storage baais.
I'urrhasrs of current rrrelpt during tha last
24 hour were made down to 33c a dozen gen
erally, f. o. b. Portland, although soma eggl
were reported bought as low as 84e.
There was rrally ' nothing In tha local trad,
that reused tha drop in pries, actios by tha
f. o. b. buyrrs being taken entirely aa a result
nf the sharp drop in California and tha east
nf lata. Efforts of soma of tha wholesalers to
forre sslsa in the interior failed during tha day.
On, speculative firm is ssld to bare dropped
rinse to $1000 within a few days as a result
of tha break in values snd its efforts to secure
a corner on supplies. Tha general trade la tor
that reason very much inclined to go very slow
about purchasing eggs eicept when it is known
positively where they can be sold.
APPLE TRADE IS VERT ACTIVE
lirnl activity la shown in tha local trade
for apples with a spurt In atrlvala. Prices are
showing strength and in soma instances a fur
ther fair advance la made In the price.
CALIFORNIA CAULIFLOWER POOR
Tha cartoad of California cauliflower whlrh
arrived In half crates Tuesdsy to compete with
tha Oregon stock, has proved very dUapointing
in quality. In fact it was "Junk" aa compared
with tba stock from Douglas county.
I OITXTRT MEATS HOLDING STEADY
Steady tons continues in tha market for
country killed meats along tha street. Gen
eral sales of trip hugs ars at ZlWZIHe a
pound, while most sales of top quality calves
are shown at -Oc a pound.
HIDE TRADE STILL VERT SLOW
Vetr- depressing tone is showing for hides
In tha . eantern trade since the latest price de
rline here and similar conditions are shown in
the local market. Ln the meantime tha price of
shoes Is at the high point.
TALLOW MARKET HAS STRENGTH
(ireat strength is shown In the msrket for
tallow and greats and in some instances aoap
manufacturer, ars offering a premium over
, printed figures. Government demand continues
siceedingly strong.
HBIF.F NOTES OF PRODUCE TRADE
Poultry situation firm at unchangsd prices.
Hean market in ruling firmer at most points.
Onions sre slow am former prices, little move
ment.
Kheubsrb msrket in slightly off.
Vary smsll sales of bops shown around 10c
pound.
.WEATHER NOTICE FOR SHIPPERS
Protect cbipments during the neit 30 honrs
againat the following temperatures: Going
north. 34 drgreee; northesst over 8.. P. A 8. K.
R-, 20 degrees; east to Baker, 20 degrees; and
south to Ashland, 28 degrees. Minimum tem
perature at Portland tomorrow about 38 degrees.
Southern Butter a
Weakening Factor
In Northern Trade
Shortage Here Is Offset by Greater
Output and Lower Values
in the South.
OPEN SEASON PERIOD
FOR SALMON WOULD
GIVE FOOD SUPPLIES
State Officials to Be Asked to Allow
Catching of Fish for Fresh Con
sumption Would Ktd the Food Ad
ministration in Vork.
Potato Dryers'
Offer Is Low
For Potatoes
Efforts of dryer, to secure boat quality
potatoes at 1( a ton, op 750 pap osntal,
f. o. b. Salem op The Dallas, da not meet
with much favor from average producers.
Regular potato dealers are offering 76c to
S1 pap cental at country points for tha same
class of stuff, and there la net any brisk of
fering below 90c a $1 pap cental. Only
tlonal orders for carload lota.
Iniini nniirnn mr
dIVIALL rAKItltnd Ant
EWES
While there ha been a wftrfttv nt Hiit,
all through the Pacifie Northwest recently and
for that reason alone prices have held very firm
at eitreme marks, there is danger in tba sit
uation at inis lime.
California crices have rfnrlmr tha l..t f.w
days shown a generally weaker tendency with
lower prices, which meana that the
product will be coming in this direction soon
If any further drop is made in prices there.
With tha exception nf thut. whirh ihnv.
ing a very firm tone in practically every aec-
tion of the country, the a-enerml tendency nf
butter prices la slightly easier. Were the local
maraet isolated there is no doubt that an ad
vance would be forced here, but as out'lrie mar
kcta are only aa far away as the freight rata,
lower prices elsewhere have their effect upon
conditions here.
With canned milk weaker and the competi
tion of condensariea leaa keen for milk supplies,
a lower market for fats Is very likely tot be
forced without much delay unless weather con
ditions again change.
With the season for salmon to remain open bnt
one day longer, a strenuous effort Is being made
by wholesalers, retailers, fishermen and consum
ers to secure permission to allow fishing at least
during tha Lenten season when tha demand for
fish is always at tta greatest volume.
Because of the desire of the United States
government to utilize mora fish as a food and
thereby save hogs, cattle and. sheep, tha trade
feels that tha fish commissioners should allow tha
catching and sale of salmon during the season
generally closed.
Efforts ware made a year ago to seen re per
mission to keep tha season open, but state offi
cials refused to pay any heed to the emergency
demand, and canning interest, won Out by their
action.
It is proposed by those who ask that the season
be allowed to remain ooen on tha Columbia, that
none of this fish be allowed to go into cans or i Tear ago.
into to rag,. I Tacoma, Tues
ine iooa administration will be asked to exert
its influence to increase the food supply.
1unng the last day or so there has been a fair
increase in the catch of salmon along the Co
lumbia. Cold storage interests have grabbed all
they could secure in order to tide the trade over
during the regular cloaed period.
ibis. has forced the price of aalmon to rule at
higher figures to fishermen than ever before
known at this period of tha year.
Substitute Flour So
Scarce Buyers Up
BUYING BREED
IN PORTLAND YARDS
Good Demand Is Showf Here and the
Call for Feed Cattle Better Than
the Offerings Killer Market Is
Generally Quoted Steady.
PORTLAND LIVESTOCK RTTN
Trade Is Moderate
In the Oats Pit
Chicago Market Quiet in Early Ses
sion With Prices Ruling With
in Narrow Limits.
by Joseph r. pritchard
tmcsgo. Feb 27 (1. N. S. ) Barley
reached new high prices, millers Uking all the
offerings at advances of 5 to 10 cents, with
salea at 12 18 0 2.18 for too cradaa. nrl r u.
neapolis milling barley aold at 32.16 and fancy
seed st $2.20.
Other grains were hlaher and firm a
rancing S i So, and corn was H e higher for
monins, nut unchanged for the near
ly. iun corn was uncha
and cah oats unchanged
Provisions were 20 3
Millers and Wholesale Grocers Un
able to Fill Some Orders on
This Account.
Hog?. Cattle. Calves. Sheep.
Wednesday ...... 472 363 2 625
Tuesdsy J 48 89
Monday 1873 10!S 80 440
8aturday J HO' 111 .. 45
Friday 390 109 17 523
Thursday l!90 fi7 . .
Week ago a 76 72 1
Year ago 272 46 8
Two years ago 319 73 14 74
Three years ago. . . 490 61 2 ...
Four years ago... 545 23 850
NORTHWEST GRAIN RECEIPTS
Cars-
Portland. Wed.
Year ago 3
Season to date. ..3645
4019
Wheat. Barley. Flour. Oats. Hay.
1 8 6 14
1 5 X
251 734 1052 1543
170 1092 1878 1706
Year ago 8 4 1
Season to date.. .3994 74 ... 215 1379
Year ago 5055 108 ... 275 1549
Seattle. Tues .... ... 4
ear ago 12 ... 4
Season to date. ..3758
Year ago 4085
Liberal Strength
Shown for Stocks
New York Market Firm and Generally
Higher During Morn
ing Trade.
WEAKNESS AT CLOSING
New rork, Feb. 27. (I. N. 8.) Early aft
ernoon Irregularity developed Into weakness dur
ing final dealings In tha stock market this after
noon. 8 tad common dropped over a point to
98 S . and 8tudebakep declined 3 points. There
also was pressure against Baldwin.
Mexican Petroleum during tha early afternoon
trading moved up 4 points to OS.
New York. Feb. XT. 1. N. S.) There
was a good demand for stocks at the opening
of tha market and during the Initial dealings
gains of from fractions to over one point
were scored.
Steel common advanced to 07 H and Bethle
hem Steel B roue to 82 S . Crucible ad-
TJSSl 1nn.r.tea79Vnd
I Ho lower. ' ! .Cnion Pacific was the mosj active of the
JORItING PRICES IN PORTLAND
These prices ars those at which wholesslers
aeU to retailers, except aa otherwise stated:
Dairy Products
BUTTER freamery prints, in paraffin, wrap
pers, extras, 52c; prime firsts, 49 60c: firsts.
48 0 49c; cubes, le less; cartons, lo advance;
dairy, 8488o per lb.
Bt'TTERFAT Portland delivery baaia, No. 1
sour rresm. 04o lb I
I'HEKHJ- Selling price: Tillsmonk fresh On
to fancy full cream triplet,. 27 (3 27 He lb ;
iouni America, 28 (9 28 Ho lb. Price to jobbers:
Flats. 25c; Young America. 2 So f. o. b ; brick,
toe: limburger, 85c; brick Swiss, 40c lb.
EGGS Belling price, case count. 85 36c
dos. buying price, 84ft85o doz. : selling price,
candled. 87c dot.; selected candled, in cartons,
8 So dosen.
LIVE POri-TRT Broilers. 80o; old ronstns,
22a lb.; stags, 23(9 24c: turkeys, 27 0 28c;
dreeoed fancy, 32 85c; No. 2s, 27c; equsbs.
18.00 dosen: geese live.. 20c; ducks. 39 40c.
pigeons, 81.25 dosen.
Fresh Fruits and Vegetables
FRESH FRl'ITB Oranges, 83.75(9 6.85 per
box; bananas, 6 0 5 Ho lb.; lemons, 87.00 7.40
box; California grapefruit, 33.50 8.75 box;
riorida, 15.00 5.75 box;
APPLES $1.00 0 2.50 according to variety
nd quality.
ONIONS Selling price to retailer Oregon,
No. 1, 81.600 2.00; No. 2. 31.00; carload
price of association. 11.60 per cental, f. o. b. ;
garlic, o per lb.
POTATOES Selling price: Table stock, Bur
bank. 75c 81.25; (ira., $1.25(4 1.83. Buy
ing price. IT. 8. No. 1. 80c 681.00 cental, coun
try point; swret potatoes, oHc lb.
VEGETABLES -Turnips, 8185 per sack;
carrots. $1.00(9 1.23 ssck; been, $2.00 -ack;
naranips. $1.50 sack; cabbage, local. $3 25a
4 00 est; green onions, 85o dozen bunches;
ueupere? 40e lb.: head lettuce, 83c dozen: cel
ery, 8590o doxan; artichoke,, 1 1.00 'per
dosen; cucumber, hothouse, 81.6001.75 per
dosen: tomatoes. Mexican, 82.80 per lug; egg
Plant. 17 He lb. : string beans. I ): rhubarb.
10(g) 12 Ho lb.; cauliflower, local. 81.2501.50
rrr dosen ; pumpkins, 1 H 0 per lb.
2 He per lb.
Meat, Fish and Provisions
DRESSED MEATS Selling price, country
killed bast nogs. zitwziHc: ordinary. 19 m
20c; best veal, 20 0 20 He; ordinary veal. 18 0
19o lb.; rough heavy, 18c per lb.; goats, 10 0
12c per lb: lambs. 17 0 20c lo. ; mutton. 110
sprouts,
Chicago. Feb. 27. (I. N. S.) The oats
market was steady at the opening at prices held
within narrow limits. Trade was moderate
with commission houses on both the buying
and selling sides. Scattered buying later made
a fair rally. May oau advancing to 88c.
Continued heavy receipts of hogs and n
easier market at the yards led to scattered sell
ing ln provisions and a moderate decline. Open
ing prices were about unchanged from the
previous close.
Corn prices showed little change from the
close of yesterday and there was little activity
in the market,
.Trading ln February corn Is . prohibited on
the Chicago Board of Trade today by action
of the Exchange directors. A committee has
fixed $1.28 as the settlement price for open
contracts.
Plana of a special committee for new atu
trading in corn have been approved by the
board. Cnder the new grading No. 8 mixed
and No. 4 mixed containing not mora thn
15 H per cent moisture will be contract grades -No.
4 white and No. 4 yellow will bring 1 cent
premium; No. 1 and No. 2 mixed 3 cent,
prrminm and No. 1 and No. 2 white and yel
low, 4 cents premium.
Chlcsgo range, by tee United Press :
CORN
Open High Low
rails, selling up over one point to 128.
General Motors was strong, advancing 1 H to
123 H. while Chandler Motors rose one point
to 94. American Beet Sugar continued its
upward movement, advancing T, to 83 H , and
Mexican Petroleum showed the same amount
of gain at 94 . Central Leather waa over
one point higher at 72 .
The copper shares were fractionally higher.
There waa active trading with irregular price
movements during the later part of the fore
noon with the majority of issues showing pro
nounced -strength. The Marine stocks were
strong features, tha common advancing 1 H to
3 1 , while tha perf erred moved up 1 It to
1 00 Ts . Mexican Petroleum advanced 2 Vi to
96 H and Texas Co. moved up 2 points to
154 H
Many of the minor steel industries rose from
1 to 2 points with Baldwin moving up from
78 4 to 80 ft. followed by a reaction of 79
United Cigar Stores waa exceptionally weak.
falling over 5 points to U04. Moat of the
U. R. issues showed a strong tone.
Range of New York prices furnished bv Over-
beck ": Cooke Co.. 216-217 Board of Trade
huildmg
Millers of tha Pacific Northwest are making
most desperate effort to turn out substitutes
for wheat flour but are greatly handicapped by
their Inability to secure cereals.
According to leading millers there are such
small stocks of barley remaining on the open
market at tbia tune that holders are making
their own values. !
Wholesale grocers report their inability to !
supply tha wheat flour requirements of some
of their customers because of the scarcity of
substitutes prescribed by the food administra
tion which must be purchased with tha wheat
product. This is said by wholesalers to be
working a great hardship on many of their
country customer, especially in the sections
where transportation is at a premium.
Trend of the bay trade is steady with no
general change indicated in quotations here.
FLOCR Selling price: Patent. 310.00: bar
ley flour, $12.00: Willamette valley. $9 60;
local straight. $9.60; bakers' local. $9.80
010.00; Montana spring wheat, patent. $10. Oo
0 10.80: whole wheat. $9.60: graham. $9.40:
lye flour, 812.00 per barrel; oat flour. $13.00
per barrel.
HAY Busing price, new croo: Willamette
timothy, fancy, $28.00 per ton; Eastern Oregon
Washington fancy timothy. $80.00; alfalfa.
325.00; valley vetch. ( ): cheat. 825.00:
clover. $20.00 021.00 per ton; grain. $25,00 0
20.00 per ton.
GRAIN SACKS Nominal No. 1 Calcutta. 24
25o in car lots; leaa anasunta higher.
MILL STUFFS Bran. S3O0 3O.SO: ahorta.
$32.00 0 32.50; middlings. $89.00 0 39.50 per
ton.
ROLLED OATS Per ton, $74.00.
ROLLED BARLEY Per ton, $72 0 74.
CORN Whole, $72.00: cracked. $73.00.
Merchants' Exchange February bids:
OATS Week
Tues Mon Sat Thurs Ago
1918
INSCRIPTION
March
May
March
May .
May .
May .
May
July
.$1 27
. 1.26
. .89';
. .87 H
.48.40
.26.07
.25 35
.25.75
$.
1.27
OATS
.89 Hi
PORK
48.40
IARD
26 12
RIBS
25.42
25.80
1 28
.89
.87H
$1.274
1 26
.89 U
.88
48.00 48.02
25 87 25.87
2.MJ
25.65
25.15
25 55
HEAVY TOSE IS SHOWS
EARLY IX COTTOX TRADE
New Tork. Feb. 27. (I. N. S.) The cot
ton market displayed marked heaviness at the
opening today and prices were' from to 7
points under last night's close. There was con
siderable liquidation by recent buyers.
Open. High. Low
March 8135 8145
May 3124 3125
July .... 8075 8084
October . . .' 2980 2982
December 2960 2950
New York spot market 2950.
8117
8088
8089
2936
2917
I'OTATOES ALL ALONG THE COAST
San Francisco Market
Ban Franeiaco. Feb. 27. (U. P.) Onions
Per cental Brown or yellow, $1.60 01.75 for
good stock.
Potatoes Per cental Delta.
18o lb.: beef. 7 H 0 10 He lb. Potatoes Per cental Delta, ll lnfieisn
SMOKED MEATS Ilsms. 27 0 83c per lb. ; with one or two brands higher: do. Oregon Bur
breakfast baron. 33048c per lb.; picnics, 23c banks. $1.6501.80: Nevada, $1.6501.80.
per ID ; cutiaf, ron, ao per 10. ; snort clears,
29 0 83c per lb.; Oregon exports, smoked. 33c
per lb.
LARD Kettle rendered, tierces. 28e per lb.;
standard. 27 He; lard compound. 24 He.
OI8TF.RS Olympia, gallon. $4 50; canned
eastern, 68a per can, $8.60 per doxen cans;
eastern 6ystrs. per gsllon, solid pack, $3.50.
FISH Dressed flounders. 6c; steelhead sal
mon, 20 0 22c; rhinook, 23c: perch. 7 0 8c;
sole. 7c; salmon trout, 18c; halibut, 18 0 22c;
black cod. lie; herring. 6c; smelt, 8c; clams,
hard abells. 4c per lb.: $2.75 per box; crabs,
$1.762.50 per dusen; Columbia smelt. 1
I He jer lb
MUUAK Cub. 89.66: powdered. 88.37;
fruit or berry, $7.87; D yellow, $7.27;
granulated, $7.87 H ; beet. $7.87 H ; extra C.
$7 62: golden C. $7.87 per cwt
HONEY New. $4.25 0 4.60 per case.
RICF Japan style. No. 1. 7 c; New Or
leans, head, 9o ; bine rose, 8 Ho.
SALT Coarse half ground. 100s. $18 00 per
ton: 60s. $16.00; table dairy. 60s, $19.75:
100s, $19 25: bales. $2.45; fancy table and
dairy. 82A.75; lump rock. $20 00 per ton.
BEANS Nominal. Small white, 18 He; largs
hite. 18c: pink. 9e; Umas. 14 c; bayous,
10 c; red, 10 He.
Hops, Wool and Hide
HOPS Nominal. 1917 crop, 15018c lb.
HIDES Baited, 23 lbs. and up, 12c; salted
bulls, 60.1b. and up. 10c; salted and green kip,
16 tn 25 lbv, 12c; salted and green rait, up to
1$ lbs.. 21c; green hide. 26 lbs. and up, 9e;
green stags. 50 lbs. and up, 8c; dry flint, 26c;
dry flint calf, up to 7 lbs., 28c; dry salt, 21o:
dry hone hides, each $1.25 01.60; salted hone
hides, each. $8.00 0 4.00; horsehair, toil, 25c;
horsehair, mane. 15c; dry long wool pelts, 88c;
dry short wool pelts. 25a; salted and green pelts
January . m.dovh.oo; each; dry
aheap shearlings, each, 15 0 3Or; sal tad sheep
ahearBnga, each, 23 0 50c; dry goats, long hair,
2&c; dry gnat shearlings, escfc 16 0 30c; dry
abort hair goat, each, 9Oc0$l OO.
WOOL Coarso valley, 50c: medium valley
B5o; valley lmb wool, 4$ 0 50c per lb; extra
Oregon fleer. 6O0 65r.
v CHITTIM OR CASCARA BARK Buying
prios, for car lota, 8 0 9c per lb.
TALLOW No. 1, 14e; No. 2, 12e; grease
lOn per lb.
MOHAIR 117. 4 0 0 800 per lb.
Nop. Paints, Oils
ROPC sal. drk. 23c; white, 22 He per
jb.; standard Manila. 82c
LINSEED Ollc-Riw bbls.. $1.49 per galloa;
kettle boiled, bbkv, $1.51; raw. cases. 81.59;
boiled, ease. $1.61 per gallon; lota of 260 gal
lons, Was.
COAL Oil Water white in drums and iron
barrels, 1V Pr gsllon.
WHITE LEAD Ton lots. 12c per lb.; 600
lbs, 12 c.
TURPENTINE Tanks. 63c; cases. 76e; 10
as lots, le lea.
Sweet potatoes Per cental. 84. 50 m S on n
the street.
Seattle Mar at
Seattle. Wash.. Feb. 27. ( I. P.) Onions,
California yellow, per pound. 2 0 2; Yakima,
per pound. 3c.
Potatoes ixcsl. 827.00 and $28.00; Yaki
ma tiems. $25.00 0 26.00 per ton.
Lo Angela Market
Loe Angeles, Feb. 27. Potatoes Northern
Burbanks, $1.60 01.90; Russeti. $1.90: Sa
linas. $1.85: sweets, $4.5004.75 sack; Oregon
cariy nose, t.. u
DAIRY PRODUCE OX THE COAST
-Butter
Ban Francisco Market
Ran Francisco, Feb. 27. (U. P.)
Extras. 60 He.
Eggs Extras, S8e: firsts. 86c; pullets. 36c.
Cheese California flata fancy. 25 He; firsts,
86c; pullets, 36o.
Seattle Market
Seattle. Feb. 27. U. P.) Butter Native
Washington creamery cube. 52c; do. brick, 53c;
storage. California, cube, 45c; do. brick, 46c.
Eggs Select ranch, 45c; pullets. 42 043c.
Los Angeles Market
Los Angeles. Feb. 27. (I. N. S.) Butter,
California creamery extras, 50c.
Eggs, extras, 85c; case "count, 33c; pullets,
34c.
Alaska Gold
A His Chalmers, c. .
Am. Beet Sugar . .
1 A m t ' m n i
t lose i Am. Car Foundry, e
Am. Cotton Uli, o
Am. Linseed, c. .
Am Loco., c. . . .
Am. Smelter, e .
Am. Sugar, e. . .
Am. Tel. & Tel. . .
Am. Woolen, c. . .
Anaconda alining.
Atchison, c
Baldwin Loco., o.
Baltimore A Ohio, c
Bethlehem Steel, B
Brook. Hapid Tran.
Butte & Superior. .
t'ali. Petroleum, c .
Canadian Pacific . .
Central Leather, c .
Chesapeake ac Ohio.
C, M. ft St. Paul.
O. at N., c
Chino Copper . .
C. F. & I.. c. . .
Consolidated Uaa
Corn Products, c
Crucible Steel, c .
D. A R. c . .
Distillers
Erie, c
General Electrio
General Motors .
Goodrich Rubber
U. N. Ore Lands.
Gt. Northern, pfd..
Hide Leather, e
Illinois Central . . .
Industrial Alcohol .
Inspiration
Int. Mer. Marine. .
Kan. City South..
Kennecott Copper .
Itckawanna Steel .
Lehigh Valley. . . .
Maxwell Motors, c.
Mexican Petroleum
Miami Copper. . . .
Mldvale Steel . . .
M.. t T.. ...
Missouri Pacific. . .
National Lead . . .
Nevada Cons. . . .
New Haven
N. Y. Air Brake. .
N. Y, Central
N. Y.. Ont. A W..
Norfolk It W.. e. .
Northern Pacific. .
Pacific Mail
Tenn. Ry
Peoples Gas
Pittsburg Coal, c .
Close.
8143
8105
3065
2983
2940
ftaa Fraaelaro Grata Market
Ha a Francisco, Feb. 27. (U. r.) Cash
graia:
Barley Per rental Feed. $3.85 0 S.67 :
barley haa aold up to $3.60 f. o. b. In the
aosintry. '
Oau Far cental Feed, t3.48 0S.8O.
Eastern Cash Grain
Chicago -Cash corn sales: No. 8 mixed.
$1.65: No. 6 mixed. $1.53; No. 5 yellow,
$1.6001.61: No. 6 yellow. $1.4801.45; No.
6 white. $1.40 01.55. Oats. No. 2 mixed. 91 c;
No. 2 whits. 92 W 93. No. 3 white, 91
92c; standard. 92093c.
Omaha Cash corn. No. 4 white. $1,85 0
1.90; No. 5 white. $1.7501.82; No. 6.
white. $1.60.
Winnipeg Caen oats. No. 2 white. 86 c;
extra feed. 92 He; No. 1 feed. 89c; No. 2 feed.
86o. Flax, No. 1 northwest. $3.54; No. 2
northwest. $3.60.
Minneapolis- Cash corn. No.' 3 yellow, $1.78
01.88. Oats, No. 2 white Montana. 95 0
06 Vic: standard, 91 0 92 He; No. 8 white.
9O091c; No. 4 white, 88091c.
Barley, choice. $1.9902.06; ordinary. $1.78
01.90. Bye. No. 2, $2.5002.32. Flax.
$3 83 03.85.
Dnluth Cash era. 90 0 91. Rye.
$8 87 08 99: arrive. 88.87.
Kansas City Cash corn. No. 3 white, $1,95 0
1.97; No. S yellow, $1-7101.73; No. 2
mixed, $1 75; No. S mixed, $1.70. Oats. No,
2 mixed, 87 e.
Bean Holding Prohibited
W. B. Ayar, food administrator, baa iaroed tha
following: :
Licensees are prohibited frost camrinsi stock
Lnf beans in axeesa of 60 day. Tbia applies to
bean grown ln Oregon and Washington,
Liverpool Cotton Qaiet r.
IJrerpool. Ttb. 27. 41. W. S.) Cotton fu
ture opened quiet. : . Spot cotton was eteady
today. Price firm. Sales, 2000 bales.
Ray Cons. Copper. .
Ry. Steel Spring. .
Reading, c
Rep. I. A S . c . . . .
Rock Island
Sears. Roebuck Co
Shattuck
Studebaker. c.
Southern Pacific. . .
Southern Ry., e. . . .
Tennessee Copper. .
Texas Oil
Tobacco Products. .
Union Pacific, c. . .
U. 8. Rubber, c. . .
U. S. Steel, c
Utah Copper
Virginia Chem., c.
W abash
W. U. Telegraph . . .
Westinghouaa Eleo .
Total sales. 684.200 eharea?
Qpn High I txw Bid
1 1 1 1
26 26 26 29
82 84 82 82
41 42 41 41
74 77 73 78
32 82 32 81
82 82 32 82
66 68 66 66
82 83 82 82
108 108 107 106
107 108 107 107
54 55 54 64
64 65 63 63
86 88 86 84
78 80 77 77
52 64 52 63
82 82 80 80
40 40 89 89
20 20 20 20
17 17 17 17
148 148 146 146
72 73 71 71
55 56 63 65
40 40 88 88
94 94 94 93
43 43 43 43
39 39 39 89
90 90 90 90
84 84 83 83
63 66 64 64
3
40 40 89 39
16 15 15 15
148 148 142 142
122 123 119 119
42 44 42 43
28 29 28 28
92 92 91 91
14 14 14 14
95
123 124 121 121
46 46 46 46
29 81 29 29
17 17 17 17
84 34 38 33
78 78 77 7
. . . i 58
29 29 28 27
94 98 94 96
31 31 31 31
45 45 45 45
4
23 23 22 22
53
18 19 18 18
29 2ft 29 29
138 138 135!134
72 72 71 71
20
105 106 104l04
85 85 85 85
30 30 29 29
45 45 44 44
47 48 47 48
57 58 57 56
:.61 62 61 61
24 24 23 23
54 54 63 83
77 78 77 77
80 80 78 78
21 21 21 20
153
17 17 17 17
51 61 49 47
88 88 87 87
24 24 24 24
17 17 16 16
152 154 152 153
6 56 54 54
122 123 22 122
57 57 67 57
97 98 96 96
83 88 82 82
41 41 41 40
8
89 , 89 89 88
42 42 41 41
mm
p. P.M. CO.
STATEMENT REVEALS
A HEALTHY INCREASE
Finances' Timber: Industry
Federal Reserve Bank Will Look With Dilator t'pon Paper Offered
for Rediscount WTien It Appears That Credit Is Being Obtained tor
XonEsntlal Eerx Convenience- Will Ba Afforded Essential I a 4 at try.
Independence Banker Visit. II.
i Hirschberg, president of the Fimt Na
I tlonal bank of Independence and of the
Independence and Monmouth Railway,
n . n e r i n I
rOrtiana UaS Ot vOKB UOmpany was a caller on Portland railroad men
Balance Shows Net Gain
of 20 Per Cent.
and ban kern Monday. Mr. Hlrachberf
la a firm believer ln the future of nla
home town and very properly booata
for Independence on every occasion.
The big event in that section at this
time is the establishment of the Inde
pendence Creamery company's new con-
densery. A thoroughly modern plant is
The statement of the P. P. & L.
comnanv for the month of Janu
ary shows a net Increase of 33 per cent being installed as fast as the machinery
over the same month in 1917. While can be secured worn eastern manuiac
Aside from the breeding and feeder stock in I Balance
the gross earnings of the company In
creased 17 per' cent over one year ago,
the operating expenses advanced only
3 per cent. The balance for the month
is $45,081 compared with $27,326, an in
crease of 65 per cent over January. 1917.
Statement for January, 1918, aa com
pared with January, 1917:
1918. 1917
Cross $153,062 $130,690
71.783
M.279
45,081
the yards, there was little of interest in the live-
T. : . " , January 31
i-uupia ut cars oi Dreea ewes came in iromi 1918
l auioruia auring me asy. in charge of I. 1). Gross . . . $1,669,778
BoLhne. the local commission man. Demand for I Operation.'. '78s!864
breed ewes is keen, but the business is confined Set 88s909
to smail lots, although the aggregate Is good. Balance .. 447,048
Practically all the business is with email
farmers who are taking a few ewea to breed.
69,636
61.054
27.828
Increase.
$22,872
2.147
20.225
17.758
Statement for the 12 months ending
1917.
$1,478,162
763.242
709.909
808.130
Increase.
$196,281
22.622
174.000
188.918
The statement of the Portland Gas &
nb, AMnn... T ........ .... BKA.. "
This means that the sheep and lamb aupply of t , 1 . o , -
. ! the future will come from th. .mail farm, and n 20 per cent over the same month
10
241 724 1025 2363
282 1209 1077 3039
not from the raqge, aa up to this time.
General sheep and lamb trade is quiet at for
mer prices.
General sheep and lamb rang:
Western lambs $15.00 15.60
Valley lambs 14 60 15.00
TMplinM 1 a AA ait KA
Wetbrr .o'nAfiai r'aa I Gross
Ewea 10 00 11.00 Operation
bhorn aheep 2 to 3o under quotation.
Feed Cattle In Good Call
Eleven loads of California feeder cattle came
Into the local yards all in a bunch over night.
For feeder stuff the call at North Portland Is
very liberal, tn fact far more so than offerings I Gross
up to this time. .
In general the killer division of the cattle mar
ket is steady, with practically no change indicated
in values.
1918 1917
6950 8623
6900 6900 6900
BARLEY
7000 6900
6900 3850
Brewing
7200 3850
6900 G900 6900 7050 6750
7200 7200 7200
Thirty day delivery was quoted:
OATS
No. 2 feed
BARLEY
Feed
Brewing
Eastern oats and corn in bulk:
OATS No. 8- White. $65: No
Tf. nlinul V. Aa. -li I m a a
(JUftM No. 3 yellow. S69: yellow. 869: No.
8 mixed. $68; mixed. $68. March corn, kiln
anea, aiu.au.
7330 7150
6950
. . . .6900
7200
8. $65; 88
in 1917. Gross receipts were 21 per cent
ln advance of the previous January and
the balance shows an Increase of 34 per
cent.
Statement for January:
1918. 1917. Increase.
...$157,861 $113,869 $23,992
73,852 60,646 13,207
Net 64.009 63.224
Balance 84.281 25.528
Statement for 12 months ending Janu
ary 31:
turers. Another promising, industry Is
a dehydrating plant, being installed in
the warehouses formerly used by the
llorst Hop company. Vegetables of all
kinds will be drief and processed for
storage by the new concern. Mr. Hlrsch-
berg states that between 1200 and 1S00
acres of vegetables have been contracted
for with farmers in that section for
the coming season.
Another Banker Enlist. Walter W.
Knack, teller in the Northwestern Na
tional bank, has enlisted in the aviation
corps of the United States army and la
now on duty ln tUe offices of Colonel
Dlsque in the Teon building. Mr. Knack
is highly spoken of by the officials of
the Northwestern National, and the be
lief is current that he will prove equally
efficient as a fighting man ln Uncle
Sam's aircraft fleet
of engineers of the United States army.
roruana shippers are alive to the ad
vantages which would accrue from the
more extensive use of the Willamette,
Columbia and Snake rivers for trans
portation purposes and the hope Is ex
pressed that the McAdoo committee wul
visit this section noon.
Uncle Sam's Financial Record The
credit of the United States was ad high
ana unquestionable that in 1900. two
years after the Spanish war. 2 per. cent
bonds were offered at par and overaub- .
scribed. This is a financial perform
ance no other nation has ever equaled.
United States 4 per cent bonds In 18$$
sold as high an 130 and ln 1901 brought
139 V on the stock market. The United
States has never defaulted on any of"
its bonds. Not one of tta bondholders
has ever lost a cent of principal or In
terest except those who voluntarily have
taken losses by selling their bonds ln
a period of temporary price depression.
One hundred cents on the dollar, prlncl- '
pal and Interest, has the United States
always paid. Back of the t3M.0Oo.000.- :
000 to $300,000,000,000 of our national re
sources stands the rugged honesty of
America. Liberty loan bonds are the
safest security in the world.
1918.
$1,385,142
Operation.. 766.605
Net 61M.587
Balance .. 280,440
1917
$1,266,863
661.270
603.593
281.733
Federal Reserve Frowns Upon Won-
Ettrntlal Basinets A circular issued
by the Federal Reserve bank of San
Francisco to all member banks in the
Twelfth federal reserve district an
nounces that during the continuance of
present abnormal vconditlons the Federal
Purv hank vlll Irtrtlf wrftl, Hlflfavnr
10.785 j nff.P.H f., vmtanmint n hlnli
evidences 'credit ror non-essential pur
poses" and with corresponding favor
upon paper which carries evidence of
$118,279 th use ' credit for the vitally essential
1 1
General cattle market range:
Medium to choice steers.
Good to medium steers.
Common to good steers. .......
Choice cows and heifers
Common to good cows and heifers
Psnners
Bulls
Calves
Blockers and feeder steers
Swine Trade Is Quiet
With a quiet but steady tone, there was no
change indicated tn hog market quotations at
North Portland during the day. Top quality
12.944 j r.ess of war. "Preparations are being
1.295 , ,,,
The Portland Gas & Coke company ... - rdtM i.,
ZXZOZ ?.PL"tW r,e:Vna,! to re,trlct or discriminate against credit
935 1 lo ts streets, about April 1
8.00 9 40
8.00 10.00
6.73M 8.15
4.25 6.25
0.00 0 8.00
7.60(8 11.00
6.50 0 9.50
ARGUMENTS MADE
TO COURT EN BANC
(Continued from Page One)
of the police power had
stuff is still quoted at $17. but little of the stock granted.
not been
that has arrived of late haa been of suitable
Quality of local offerings was not favorable, f
General hoe market range
rrime light $16 85 17 00
Prime heavy 16 65 (m 16. 85
Pigs 14.25 m 15.25
Bulk of sales 16.85
Wednesday Livestock Shipper
Hogs G. W. Eyre. Salem. 1 load
-Cattle and calves A. Losli. Mt. Angel. 1 load.
Mixed stuff BoDine at Clark. Arbuckle, CaL,
reads the
letter. "The restriction or limitation
of credit for other non-essential Dur-
j poses is quite aa necessary and may, at
any time, do piacea unaer government
regulation, but thla discrimination
should be Immediately initiated and vol
untarily applied by banks whose oppor
tunity for such discrimination is Im
mediate. In order to meet the require
ments of the government we1 must have
conservation of credit aa well aa con
servation of food. When this war crisis
is past bankers may again properly say
Jndge Pipe Construe Art
All of Assistant Attorney General
Bailey's contentions as to the police j -n n my first duty to care for my cue-
power or the state were conceded oy ' tomers-' "
Judge Pipes, but he challenged the op- ...... ...... . ..in- Tr.sisrv Car.
position to point to any part of the act ncatetJames K. Lynch, governor of
under which the public wrv c. com- th TweIfth federj reserve district, an
misaton exercises its authority over .,,, . .i.-t r v. w
OatUe A, F. Knox. Gordon. Cel.. 11 loads public utilities wherein the commission i ..... v-w.r,rirt.nt nf th Tnrlnn
feeders. was eiven authority "to reach its hand ; ci. , i . i w.-w c n
back Into the past." as director of sales of United States
. . . V. 1 ! . . . . 1 1 ( .. .. .. .. J DDtl.a.ll ... ......
1 load; F. A. Hawkin, 1 load. I i'""" . J '7 treasury ceruilcates or lnaeoteaness.
Miud atuff Lebanon Market. Lebanon. 1 oy juage ripen, ana cunsiruea uy nun. which are to be inaued nt freauent ln-
load cattle, hogs and sheep; Frank Wann, Mt. He pointed out that In construing a j te,rv.l-. In advance and in anticipation
Angel, 1 load cattle and hogs; B. H. Myers. West new statute enacted to provide a of ,h1 third I.lherrv loan Mr. Wllaon
Scio. 1 load hogs and sheep. , r.mr for an existing: evil, the court , i . a i- i ki.
United States buresu of market report live- " "".Vi ia rx.f .v.. i " ""f" r""
stock loaded February 26 (carload reported west
must first find the evil. Before the ' iZation with a view of securing; a very
of Allegheny mountains; double decks counted as utilities act waa passed the utilities wije distribution of these certificates,
two cars): . . fixed their own rates and prescribed ,.. r--i f w.t.r..va-
Cattleand . Md their own service. They owed a duty i .., , . '
l i tm Hon Sheen Ntnrk Tot. . , , . , . , owicii y mtAuuu iiu . w-'i ' in a. wihi-
laivea. noaa. onwp. o l:. i ui. i, (,!,.. AtpmiatA servlcs and chare) ... . ; . .. . .
hoik qiaq OA
r. v yoo7 2408 830 431 6604 reasonaDie rates, ana unaer mo oiu . ..,.. h n.
Four weeks ago. .2046 1944 456 880 5016 common law and at all times a remedy -1 d ,dvlB4S h,m to the muu
State origtna of uvestock loaaea teoruary -o: existed against them for violation of ; , tVlJ.m tn aHvn.arn... ,,
For Portia na I iL.t v TVi. wamaAtr hnarovoi- Tntira 1 " . . . ... .
California 3 ... 2 --"- w , , aoiving transportation prooiema, ins
Oregon 1 8 ... S 7 ripes conienuca. waa uiaaequaie u-u Canals of the country and the coast-
" ' , wise. .MISSISSIPPI ana ia.ae imi i iu win
462 5582
AMERICAN 1IVESTOCK PRICES
Chicago Hooa $17.40
Chicago. Feb. 27. (L N. S.l Hon Re
ceipts, 35.000, slow and 5c lower; mixed and
butchers. $1 6.85 17.40 ; good heavy. $16.60
17.85; rough heavy. $18.60 16.75 : light.
$16.75 17.45: pigs. $12.50 16.00 ; bulk.
$17.1517.40.
rattle Receipts, 7000, steady to strong:
beeves. $8.85 14.1 5; cows and heifers. $6.75
12.00; stockers snd feeders. $7.65(810.90:
calves. $8.75 14.25.
Sheep Receipts, 8000, steady: native and
western, $10.50 13.30 ; lambs, $13.75
17.15.
Omaha Hogs $17.15
Omaha, Feb. 27. (1. N. 8.) Hogs Re-
eeipta. 16.900. steady; tops, $17.15; range.
816.50 17.15; mixed, 810.85 & 17.00; good
choice. $17.00 17.15; rough, $16.80 17.00 :
light. $6.85917.10; bulk. $16.75 17.00;
pigs. $12.00 14.00.
t attie Keceipts, , sreaay: oeeres,
$9.00 13.25; cows and heifers. $7.00 11.00;
stockers and feeders, $6.50 11.50; western.
$9.00 11.75; calTes. $8.00 (p 13.00.
Sheep Receipts, 9400, strong; wethers,
$11. 00013.00: yearlings. $11.5014.50;
lambs. 815.00 g 16.83; -ewea, $1 1 .00 & 12.25.
Kansas City Hogs $17.26
Ksnsaa City. Mo.. Feb. 27. (L N. S.)
Cattla receipts 12.000. slow, steady to weaker:
steer, $11.00 013.75; cows and heifers, $7.00
12.75: stockers and feeders, $8.00 12.00;
calve. $6.00 12.50.
Hoc Receipt. 19.000, 25 0 BOc lower; tops,
$17.25; bulk. $16.75 017.00; heavies. $16.85
017.00; medium, $16.75 017.00; lights.
$16.60 16.96.
Sheep Receipts 6000, 10 0 25a higher;
lambs. $16.00016.75.
Denver Hogs $17.25
Denver. Feb. 27. I U. P. ) CtUe Re
ceipts 1000; steady. Steers, $8.50 (a 12.85 ;
eews and heifers, $6.50010.50: stockers and
feeders, $8.50 010.50: calves. $12. 00 0 14.00.
Hogs Receipts, 1400. Top. $17.25; bulk.
$17 000 17.20.
Sheep-Receipts, 2000; steady. Ewes, $11.50
0 11.75; lamba. 814.500 1U.00.
Seattle Hog 1M
Seattle. Feb. 27. (I. N. S.)-Hogs Receipt.
76; steady. Prime lights, $17.10 17.25 ; me
dium to choice, $16.75 SP lb. 85; rmootn heari-js,
$16.23016.50; rough heavies. $15.7.'j 16 C 0,
pigs. $15.75 016.00.
Cattle Receipts, none.
Sheep Receipts, son.
Money and Exchange
New Tork. Feb. 27. (I. N. 8.) Call money
on the floor of the New York Stock Exchange to
day ruled at 6 per cent; high, 7 hi per cent;
low, 4 per cent.
Time money was dull.
Rates were: 6 per cent.
The market for Prime Mercantile Paper was
quiet.
Call money in London today was 3 per cent.
Sterling Exchange was quiet with businesa
in bankers' bills at It.iOt lor oemanu; l
for 60-day bills, and $4.70 for 90-day bills.
8ilver New Tork. 85 He
London 42 Vi d.
Totals Portland
One week ago . . .
Four weeks sgo.
For Seattle
Idaho
Montana
Washington ....
Totals Seattle .
One week ago . . .
Four weeks ago.
19
1
1
21
so the legislature delegated the power considered. Work has already heen
1 -' . i . I ,n V. ..VI J. .. I . .. ... . . . . . . .
1 ui rcKuiaiiun . wn jiuum, aci , begun by tne committee, wnicn is neanea
commission, giving it power to make bv Ma lor General W. M. Black, chief
- investigations as to rates and service
2 and enforce reasonableness and ade
quacy.
Rates Were Legalised by Act
He pointed out that the utilities had
all fixed their rates at the time the
22
2
4
Pulo Fed Steers Sail Hlflh
A Kansas City advice says: Recent shipment act was passed, and that these rates
of fat cattle to the Kansas City market have were legalised by the act which pro
included some very good pulp fed cattle, along vlded that the schedules filed by the
wun -tne suppiy oi w.u ' """"r utilities with the commission should
r',tt.d"o; Ken7 'and fed en ot be higher than those charged on
Increased Trade in Inxnrle The for- .
eign trade record of the United State
for 1917 reveals many Interesting phe
nomena, especially in the Importation .
and exportation of luxuries. The ixvoe - .
striking trade development ha been ln
cigarettes and "rrusklna." Cigarette pa
per, books, etc.. Imported In 1917,
mouned to $5,789,000; In 191&. $3,1S3,1.
for 1915, $1,027,509; and in 1914 the total
trade amounted to I93S.597. That a .
large portion of these products were re
exported is evidenced by an Increajse In . ,
the amount of exportatlons of cigarettes
from $3,301,094 ln 1915 to $11,899,000 In ' -1917.
Many millions of dollars' worth of
cigarettes have been sent to the arm lee . .
of the allies and to the United Btaten
army and navy, bet aside f rem this
there has been a remarkable increase in
the manufacture and exportation of ci- '
garettee for ordinary commercial pur
poses. " -
Inarnnee Company Cfcnnge Itt
Xante. The German la Fire Insurance
company, founded In 1859, change Its
name to the National Liberty Insurance
Company of America. The change in
the name was necessitated by the public
misinterpretation of the former name.
which many persons believed to Indicate ,
the company was German ln lt origin :
or affiliations. As a matter of fact, the .
company was founded entirely by Amer- "
leans and some of the noted men who
have served upon its board of director .
at various times, include the late Joseph
11. Choate, 'C. Godfrey Gunther. once
mayor of New York city. Kichasd M.
Hoe, Marcus I. Ward, former governor ,J
of New Jersey. Krnest Hall. oxroer '
judge of the supreme court." and many :
more of equal prominence. The officer -and
directors are native Americans, and
the funds of the company are lnveste
ln American securities. -.
It is Interesting, in connection with
the announcement, to note that the
company took its original name, t3er
mania." as a result of the large immi
gration to America, from 184$ until the
outbreak of the Civil war. of. Germans,
who took part in the revolution against
autocratic rule ln their own country
and came to the United States to secure
political freedom, among them being
such men as Carl Scnur.
It is announced by officials of the
company, that all policies . Issued prior
to the change of name, will continue in
force until their expiration. The com
pany's last financial statement gives its
capital as $1,000,000, with a reserve for
liabilities of $4,222,485.60. a net surplus
to policy holders of $3,381,100.27, end :
total assets of $8,603,585.87.
such contract, under the doctrine of the
Woodburn case.
Mr. Bailey led the court through the
history of the enactment of the public
utilities act, and submitted many news
paper excerpts contemporaneous with
the passage of the bill by the legisla
ture and its approval under the refer
endum to show that both the legislature
This provision fixed ; and the people considered that state
control and regulation of public utilities
was intended by thw act, and not mu
nicipal regulation. ,
Did ot Construe Utilities Act.
Throughout his argument, however.
Mr. Bailey seemingly steered dear of
nm since the middle of September, brought I January 1. 1911.
xl3 ier cwt. while a consignment of Colorado I and Iesallsed the street car fare ln ,
steers fed on beet pulp and averaging 1372 Portland, along with all Other rates!
pounds, brought $12.85 per cwt. Well fed steers tnen jn effect.
,t7dnmbs "The VtapnpW Th iud contended that the act
cattle are not yei reauy xor maraet, aa inv uut i uiu ivri eivo w wjiumnaivii di iw
rimer im in to feed ovesv long period. The best I unfix rates already entahllnherl bv i
feeders substitute concentrates towards the end of contract, that the cities were given ' anv direct and definite discussion of
. i . I . . m,h V. a M,tlt that ,t.. ma I .1 W 1,,.l.lnttAfn.l niiMtlAna luH Kv '
Judge Pipes in the city's complaint, He
finished their course and been on the
way to France.
When several hundred feet in the sir ,
spectators saw the two machines crash. :
Both machines were almost completely
demolished.
Weisstnger was a newspaper man be
fore enlisting and was conn'-cted with,
the International News Service at
Washington. His home was at Buena, ;
Vista, Mass. Story was a Harvard foot- '
ball man. His home waa at Freeport
N. Y.
There was another collision between
airplanes Just before the one of Wels
slnger and Story. No one was seri
ously Injured ln this Occident. ,-
the reeding penoo. wiui w.e reauii ui power to regulate the. utilities, their
TH1 USuall-lT Mil BaT. H1U yrit. iw tAciiaiis iui i ,
pSpeSis equal to that for corn fed. some buy- service and charges, by contract, ordi-
PACIFIC COAST BANK STATEMENT
Portland Bank
Clearings This Week. Tear Abo.
Monday $ 8.765,006.95 $ 2.626.047.30
luesoay . .
Wednesday
1,942.862.71
2,196,202.50
8.171,489.24
2,893,715.69
Seattle Banks
Clearing $ 5.028,931.00
Balances 1.499.630.00
Spokane Banks
Clearing $ 1.188.880.00
Balance 324.255.00
Tacoma Banks
Clearing $ B54.524.0f)
Balances 65.465.00
San Francisco Banks x
Clearing $14,849,541.00
Loe Angela Banks
Clearing . . . . . . . $ 5.766.089.00
Chicago Dairy Prodsre
Chicago. Feb. 27. (I. N. 8.) Putter Re
ceipt 11.226 tub. Creamery, extras, 47c:
extra firsts. 46 He; firsts, 45 0 46c; packing
stork. 86 36 He t
Egg Receipts 2062 cases.- Current receipts.
S839r: ordinary firsts, 3S039c; firsts. 40c;
extra, 4Stt 44tte.
??ew York Metal Market
Strong.
March. 733 0 750
Spelter lull. East St Louis spot and Feb
ruary, offered 7 4 .
Sew Tork So ear and Coffee
New York, Feb. 27. (IT. P.) Coffee
Spot No.t 7 Rio, 8 He; No. 4 Santos. 10 He.
Sugar Centrifugal, $6.05.
ers even preferring them because of thairiigher I nance or . otherwise, and that
dressinc percentage after a long haul.
Tuesday Afternoon aaies
STEERS
No. Are. lb. Pric No.
4 . . . . 030 9 e.oo 2.
COWS
1 1070 $ 7.00 I 4.
1.... 690 4.00
BULLS
1 1600 $ 7.55
HEIFERS
1 790 $ 8.00 j
Wednesday Worn lnf Sale
STEERS
No.
A ,1
are. id. rnci i atmv
. .1085 $ 9.76 8lry'
this
power, exercised before the enactment
of the law, was outside the jurisdiction
of the commission to change or de-
740 $ 7.00
. Ave. lba. Price, j No. Ave. lbs. Pric.
1 710 0 6.50 ( 1 860 $ 9.25
BULLS
J 1210 $ 6 00 I I 1090 $ 6.00
HEIFERS
7 750 $ 7 25
COWS
1 940 $ 7.50 1 820 $ 7.50
3.... 670 5 00 i 5 622 5.00
1 1340 7.00 1 2 990 7.60
2 050 7.75 1 800 8.50
HOUS
2 250 $16.10 6 225 $16.85
8 . 187 16.86 8 187 16.80
2....-S50 15.85 2 150 15. 85
3 150 15-25 6 188 16.85
6 131 15.20 1 330 16.75
6 125 10.85 8 292 16.85
One Man Ends Life,
Another Tries To
Judge Pipes finished the considera
tion of but this one point of his con
tention during the forenoon session
of the court, and will complete his ar
gument this afternoon, after which the
defense will conclude its argument, be
gun by Mr. Bailey yesterday afternoon.
City Attorney LaRoche, Wilson T.
Hume and Deputy City Attorney Tom
linson will then conclude the city's
case, after which the attorneys for
the Portland Railway, Light & Power
company will sum up the arguments
and give the case to the judges for
determination, probably some time dur
ing Friday.
State Opens Case
Assistant Attorney General J. O. Bal
y Tuesday afternoon fired the ooen-
ing broadside of the verbal bombard
ment to which six judges of the Mult
JTomah circuit court are to be subjected
for three days or so ln argument of the
6 cent fare case.
At the outset Mr. Bailey outlined the
position of the attorney general's office
in the case. He said in all uch litiga
tion - 1t was the practice of Attorney
General Brown to frame his own plead
ings and set up nis own case ; that he
did not make any attempt to construe ;
the provisions) of the public utilities act. '
hMaln tha mit u,mi tst anrlva tha I
public utilities commission of the power
to review any municipal regulation or
franchise provision previously adopted
by the initiative or approved by the ref
erendum. It is the main contention of
the city, in the present case, that this
provision of the utilities act, taken in
conjunction with the fact that the vot
ers of Portland in 1912 approved the
commission charter and by specific pro
vision of that charter continued the
franchises of the Portland Railway.
; Light ft Power company In force and
i effect, deprives the public service com
mission of jurisdiction over streetcar
fares in the city.
immorality Charge
Is Faced by Eleven
"Club" Memberi, Oeenpjlng Two riatg
?iear Presidio Military Reservation,
Cnnght In Rnldti Soldier It Prisoner.
San FranclsceS, Feb. 27. (I. N. S.)Jr
Charged with immoral conduct, 11 memV
bers of a "club" located ln two' flats'
almost within the shadow of the Pre
sidio military reservation are In cus
tody today. The first raid on. the place
una ma's 1A tsvs a tA a 4 Ik mt l .r a even
K.ottia TTBh 57 m. P.I William a. considered that his office waa reore- . " i ... .
cooi. kb pnmmittwi siiioidA hv nhnoiinc 1 sent! rig the people of the state, through , j i ?. .
New York. Fefc 27. (I. N. S.)-r- i him self ' through the head some time defense of the public service eo-n- ,"n der' th. ot
rong. 8rot, 7H bid; February, 7H bid; at . hom- of hla hroth mission. He was not contending .for e"e".. , f w .,"(.""
y7 t, If , . a aV a I thee cent rare, as the Portland Railway. - " -
C B. Seal here, and Andrew Anderson, U, ht Power CoiTSpariy wa, but wand escape. .
36, tried to end his own life by slash- nnnn,ln. tK attack- nf th. ritv i, h- Those arrested are: Oscar 8. Frank.
jurisdiction of the public service com- j broker and singer; Hugh Allan, singer;
mission. Max Koenig, retired merchant ; Willard
Contend State Hat Power Wood, watch salesman ; Austin W,
Mr. Bailey discussed the history of , Tobln, clerk ; William T. Soady soldier ;
the legislative regulation of public uUH- Ro,f Teichmann. salesman ; Raymond
ties throughout the country, and con- Monterichard. clerk ; Clarence- H.
tended that the state had amnio Dower. Thompson, salesman ; George Matifes,
Seattle Barley Market
Settle. Feb. 27. (L N. 8.) No. 2 feed
barley. $69.00 per ton: 40 pound barley, $67
per ton; car receipts, wheat, two cars.
Swift Co. Shares
Boston, Feb. 27. Swift it Co. shares, 128.
Rejected for Army,
Teller Ends Life
i
Little Rock. Ark., Feb. 27. f I. N. S.)
Gordon Emhree. 29, member of a leading
family and teller, of the Southern Trust
company, shot himself to death at an
early hour this morning In the presence
of the night watchman of the bank.
Embree had made several efforts to
Join the army but had been rejected.
His failure ha caused him to grow
despondent. It Is said.
. Bank officials say Embreo's accounts
are entirely satisfactory. y
ing his throat and wrists with a pen
knife on board a Northern Pacific
train near Kent, early today.
Directed Verdict in Gary Case
Indianapolis, Ind.. Feb. '27. (U. P.)
Following instructions of Judge A. B.
i n 1715.! rt h. ji..' roraiittntly upheld by the court, to duvmond salesman, and waiter bchnet
Anderson In federal court hre oday. . . authorlty' DuhUc 'a der. cutter.
cm... iB .....o j-., ....we , - commissions to regnlate the rates
usVT f7 by public utilities, either up- A 1 ' n1Ml'
ward or downward, as the clrcum-l H III H.I H.S I il II I II I H III
might demand, charter and ! i -www
francise provisions to the contrary not
withstanding.
county officials of Gary, Ind.. defend
ants In the election fraud trial, were stances
released.
Abandon Effort to Get Bodies
Crystal Falls. Mich- Feb. 27. (U. P.)
Attempts to recover bodies of 1$
Flight; Two Killed
He contended that the municipality.
formed under the authority of the lesris- !
lature or of the fundamental law of a Liest. Yf.JA rTetsiInger and Cadet W. C.
state, acted simpiy as an agent or trie mt.r. vietiraa of Aeelde.t .t t..t.i..
Serosd Acrid est Wlthent Catsaltle.
miners, entrapped in a level of the creatine Dower in iU regulation of nuh.
Amasa Porter Iron mine, B50 feet be- ic utilities, and that It was not pos-
low the surface, were aDanooned today.
THE TRANSIT HOUSE
Cnien Stockyards, Ifertk PertUnc, Or.
Bteun heat, electrio light. Bath any
bour. rrt pnone.
Sseelal rate fer nippers.
Bed aad Breakfast SLse.
tender new mansgenient.
Mrs. X. D. Iasa. Mgr.
slble for the sgent to question the act
of the principal.
Franchise It Held to Be Contract.
A franchise, granted by a city. Mr.
Bailey argued, was. in effect, a contract
Memphis, Tenn.. Feb. 27. (L N. S.)
lieutenant William J. Wefssinger was
instantly killed and Cadet W. ?. Story
sustained Injuries from which he died
made by an sgent on behalf of it prin-' ,n h8p?,t1 . tw .mll'Ury "J"
cipal. and that the principal, possessed Pln -collided HMW feet above the
of the sovereign power of the i state,
could vary or modify that contract as
the interest of the public or of the util
ity required, whlrh power of modifica
tion was an inherent portion of every
ground at Park field late Tuesday after'
noon.
Welssinger and Story were making
Individual flights. Only a few more
hours in the air and titer would hare
MORRIS
BROTHERS
Incorporated
Established 25 Years
201 Railway Exchange Building
Portland, Oregon
The Premier Municipal
Bond House of Oregon
Oregon Municipal Bonds
Yielding From S to 6V4'
Telephone Main 3409
HALL&CO.
Lewis Bldg. Msrthsn Ml
LIBERTY
BONDS
INVESTMENT BONDS
PREFERRED STOCKS
LOCAL SECURITIES
BOIGHT AD SOLD
quoTATio?rs urox '
BEQUEST
teeka. Bead a. One. Orals, Sift
gHsaue el ifsxse jtaueUaa
Overbeck&CookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES :
Bess tars Ckleage Beard ef 'Traaa , -CerrMpesgeat
$ Legs Snag.
i:ieaaa Bew lets ,. -