..V
THE OREGON DAILY JOURNAL. PORTLAND.' MONDAY. MARCH 18, . 1918.
13
BUTTER MARKET IS
. INFLUENCED BY DROP
N SOUTHERN MARKET
Conditions Are Materially Weaker Al
though Efforts Are Being Made lo
Hold Values Here fora Day or
to Storage to Start.
lfkaf tnr bnttr eatherrd weakness in all Pa-
stfta Northwest ctnUn sinca Saturday's decline in
r.Hfnml. and the ahioment of additional sup
plies from that direction to Puget Bound, as wall
as Oregon points.
Tha Aran in California enaMwi the trad there
tn undersell to very eonldraWa ettnt, tha
ImmI market, and thla waa auleklv rafWted In
tha price of country cubes Kor awhile these
were quoted firm at 00 BO Vic a ponnd for ex
tra., but now few are quoting shove 4 8c a pound,
although one .mall sale waa reported on Satnrdsj
t 4to a pound.
It ia getting tha tlnie of the rear when Call
' fernla will begin to store, and for that reaaon
the loweat price of the season for butter may
' be einerted from that territory In the mean
time Northwest creameries, which hare hren prac
tlcally working without a profit for month, ar
trying to maintain tha recant ad ranee of lc a
pound here.
ECO TRAM! CONTIXl'ES HB.AC0T
Continued dreggy tone in shown in the egg
market along Front .treet and price are weaker,
although no general change was Indicated for
the day. Supplies are again piling up generally.
Non-Laying
Hens,. Pullets
For the Market
To clear up any misunderstanding re
garding trig shipment and sale of poultry,
W. B. Aver, food administrator, today mad
the following announcement:
"Any producer of hens or pullets that
are non-laying at this time, may kill them
or ship thorn to market providing ho sends
a note With each shipment stating that the
stock Is hen-laylng. These certificate, or
notes are sent with ths shipment to the
dealer, who In turn must send thorn to my
office. This applies up to March 31, when
there It aery eipectatlon that all restric
tion, on poultry shipments will be eliminated."
Corn Meal Ground
Here and Quotation
Reduced by Miller
Portland Flouring Mills Starts Oper
ations and Sets Price at
$10.80 Barrel.
NORTHWEST GRAIN RECEIPTS
Cars
LIMA BE MOVIWO HIGHER
With the great scarcity of lima bean, and
the higher figures in the south, local values
are being sharply lifted with a high a. IS He
a pound. White bean, are firm for local with
no California quoted by the south.
Portland. Mon. . 8
Tear ago 14
Reason to date..385S
Yrarv ago 414
Tacoraa, Sat. ...
Year ago 16
Soaaon to date.. 4051
Year ago 6249
Settle, Sat 82
Year ago
Season to date . . 8SB2
Year ago 4175
Wheat Barley. Fir. Oats. Hay.
a 13 is
1 4 12
808 804 1194 1750
184 1147 2019 182B
75
109
3
1
8
223 1410
297 1582
1 19
14
9
272 1359 951 2759
295 1303 1152 3136
BROCCOLI MARKET I!T BAD SHAPE
Market for broccoli Is in rery bd shape
along the street with liberal offerings and
qoality not up to the standard. Sales were
mede down to 75c a crate for fancy stuff
and the movement waa not good at that.
UPI7TACH PRICER ARE REIU'CET
With a fair increase In offerings of spinach
from Walla Walla the local market showed a
.. sharp drop In price for the day with sales
down to 81(11.25 a box. Most of the busl-
Bea. around 11. IB.
CABBAGE MARKET HOI.DH STEADY
Although the genera, market for Winning
stead cabbage stand, at 4c a pound, the market
t so steady that aa high aa 4 r, ft obtained
In a small way. Flat Dutch is selling .round
S Mo a pound.
BRIEF TfOTES OF PRODUCE TRADE
Good hesd lettuce Is firm st 82.16 9 2.25
era to.
Asparagus Is slightly larger supply st 18 20c
pound.
W.lla Walla rhubarb offering at 1 1 12 Ho
ponnd.
Entire poultry market continues firm with
supply short.
Potatoes and onions stagnant; price, mixed
and low.
WEATHER NOTICE FOR SHIPPERS
Weather bureau advises: Protect shipments
during the next 86 hours ajainst the following
tomperatures : going north, 88 degrees; northeast
over 8.. P. 4 8 , 32 degrees; east to Raker,
2 degrees; and south to Ashland. 82 degrees.
Minimum temperature at Portland tomorrow
about 40 degrees..
JOBBIZtO PRICES IJf PORTLAND
APPLE MARKET GOES FRESH BEEF IS MOVED
TO LOWER POINT WITH UP CENT A POUND IN
THE SELLING FORCED THE PACKERS' MARKET
At Least 25c Shaded From Values I Ruse Places Top Steer Stuff at 19e
When it Becomes Known That Ex
port Sales and Domestic Business
Is Cancelled With Car Shortafje.
Pound While Second Grade Is Up
Vze .a Pound Hams and Bacon
Rise Cent and Mutton Drops.
Announcement of the initial grinding of its new
corn meal department was made during the day
by the Portland Flouring 11 ills company, after
experiments of sereral weeks. The outfit consists
of the old fashioned burr, which is considered as
taring practically all the good grain. The com
pany announced a price of 310.80 per barrel on
corn meal, much below what the stock could be
sold at if shipped from the east.
General cereal trade waa quiet for the day.
with pTartically no change in Quotations on the
open market.
Special appeal has been made by millers to
the food administration to aecure more cars for
the shipment of mtllstuffs, which are piling up
in practically all the plants, while there is a
f.mine in country districts. The ear shortage,
according tn millers, is the worst known to date.
May supplies are rather scant on account of
the car shortage, and prices here are rather
steady.
FIOITR Selling price: Patent. 310.00: bar
ley flour. 812.00 13.25; Willamette valley,
80 60; local straight. $9.60: bakers' local, $9.80
ft) 10.00: Montana lurLna wheat- Detent. 810.60
10 80; whole wheat, $9.60; graham. $9.40;
rye tiour, fix. To; oat Hour, $13.65 per barrel.
HAY Buying pnoe. new crop: Willamette
There has been a mn sudden and aharn cut In I Fresh beef nrices advanced to a new record
the price of apples at Paeifio Northwest points, j during the day for fancy .tuff, making the price
following the strenuous efforts of shippers at prl- I of best beef steers 1 9c a pound, or lo a pound
mary centers to secure oars for eastern loading i above the pre nous record. This la lor pans era
and for space to send apples abroad. I supplies. An advance of la was also made in
It develop that while moat of the apples held I top quality cow beef at 17 He a poqria. wnue
at Hood River and other primary points were re- I second grade steer and cow meat want up He a
ported sold come time ago. the purchasers evt- I pound from former figures.
dently were unable to secure transportation, and I Coincident with thta announcement of an ad-
tnereiore eoum not take delivery, x nis inrew an t w weei awnn mr quoting ui mup wi -the
export as well aa domestic stuff on the I a pound in the price of frozen lambs, whioh is
market with a suddennese that soon brought now placed at 22o a pound. Freshly killed lambs
forth sharply lower prices, although apple people are quoted by packers unchanged at "28e
a a nil ham not been tncliriMi to make this ! Pound.
puhltr. I Along with the previous advances in hogs is
Mwt of the apples now offering consist either I forced a rise of lo a pound In iiama and oacon,
of Tellow Newtowns. which are primarily an ex- I while lard ia up He a pound for standard grade.
mrt nr ,iu -rmA anniaa nUhi for tha 1 Other arsdes are unchanced.
home trade, which are ripening ao fast that im- A. Advances in the price of beef ia due directly to
mediate marketing is necessary in order to save "' fu , TOpPUei V vwe11
huge waste. Winesapa and Romes sre in this ,cthft re1 Bel'ct uut h" not Deen
class, and price! are being sharply, shaded on that I1""'"11"-
account.
Apple market of the nation:
Boston Demand and movement moderate,
market fair. Washington., quality and condition
generally good. Kxtra fancy Winesapa. large,
$2.75; medium. $2.0002.50; small. $1600
2. un; quality and condition poor, all aizes,
$1231 50.
New Orleans Demand and movement moder
ate, market steady, quality and condition generally
good. Northwest, quality and condition good
extra fancy Spitzenbern, medium to large. $2.75
(8.00; extra fancy Winesapa, medium to large.
.9Uf 2,79.
Houston Demand and movement moderate,
Dullness Shown
In Stocks During
The Early Trade
KILLERS COMPETING
FOR CATTLE; SALES
PLEASING
SHPPERS
Extreme Prices In Effect at North
Portland With Good Quality Old
Timers Come Forward With Stock
Other Lines Are Steady.
HUN
FORCES
RAD
YANKEE
TRENCH
ES
Intense Artillery Fire Precedes
Attack; Only Few Germans
Penetrate Line.
PORTLAND MVX8TOOK RUN
With the American Army In Franc.
March 18. Preparing their way by an
Intense artillery bombardment, a large
force of Germans Friday raided the
American trenches aotrthwest of Toul.
Only a few of the enemy penetrated the
American trenchen the main body re
turning quickly to their own lines.
The number of casualties in the en-
Hogs Cattle Calvea Sheep .
Monday 1030 1447 24 270
Saturday 182 ftfl
Friday fiS4 223 22 75S
Thursday 80 221 62 15
Wednesday 444 102 .... 11
Tuesday 1B4 144 S
Week ago 1335 SIR 80 2142
Tear ago 187 870 27 204 j
2 yeara ago .... 8098 627 11 8
8 yeara ago J855 1280 lO 879;
4 yeara ago 1083 1656 75 S801 i
With the American Army in France.
March 14 (Delayed). (I. N. S.) A Ger
man patrol met an American patrol in
No Man's vand last night on the Toul
front, and after a short engagement re
tired, taking their losses with them.
STEERS MOVE HIGHER
Staen moved 16o to 2Bo higher for tha day
with tops at 81 1 .70.
Hoga were ateady but not higher than 947.00.
Sheep held ataady.
seen to fall. The enemy returned the
fire, but did no damage to our patrol
before retreating.
Early thia morning American and
German "searching" barrages began
within 15 seconds of each other. The
American barrage had been going on
only a short time when a German air
plane was heard overhead. It Is pre
sumed the German aviator was trying
to locate our batteries.
There are many indications that fresh
enemy troops have entered the lines
r nil rm Mnih fallHnv awam
lry ana taking toe eituauon aa a wnoie. waa a nncrin? i. br-gM .. r1rtn ri.ii.h
' It waa a big day; ia fact, an old faahioned one.
at North Portland. There waa a liberal tupply
of cattle and the beat of all waa that the quality
waa good and most of tha old time ahipper were
in for the day. '
Early ealea were made In the ateer division at
(11.50, which waa the previous extreme mark,
and the competition for aupplies waa keen. Out-
aide buyers were bidding keenly for cattle of quel- opposing ours,
l 1 1 ii . : , l : .i . i
jimi aiiu to "iiw mi oi niyr 1.1- h- ...k.r. .nl,l
raded the cattle diviaion at North Portland for .
HEAVY 8ALE8 AT CLOSE
New Tork, March 18. (I. N. 8.) TJnfa-
market ateady. quality and condition generally market opened dull today, with pricea thawing
good, Washington extra fancy Wlneeapa, Kings, fractional upturns. Beading was prominent, ad-
82.25 2.75: fancy. 82.2ft 4 2.50.
Dee Moines guppliea adequate, demand and
movement good, market steady, quality and eon
dition good. Extra fanoy Winesapa. 82.75 S
2.85; extra fancy Spttzenbergs, medium to large,
J.75: extra fancy Jonathans, medium to large,
Columbus Suppliea adequate, demand and
movement moderate, market fair. Few sales.
Philadelphia Washington, extra fancy Romes,
medium. 82.40; extra fancy Winesaps, small,
31. 80; medium. $2.1592.25; large. $2.30
Chicago Extra fancy Delicious, large, $8.00
vancing from 84 to 85 H. The Erie iasuea were
active. Erie first advancing 1 H to 30 . while
the second preferred advanced 1 to 22.
U. S. Steel sold up Vi to 91T4, and Baldwin
advanced H to 78 H. Bethlehem B gained
to 78.
Studebaker rose to 474, and American
Can sold up to 48 H. Sumatra Tobacco was un
der pressure, dropping 1 V4 to 04 H.
Trading all through the first hour continued
extremely small There waa a renewal of buying
of Reading, putting the price up to 85 H,
the iay. j Been oDserving ine American lines
General cattle market range: i tnrougn rieia glasses or irom points
Medium to choice ntwin . 810.80 0 11.70 : vantage.
Good to medium steers
Common to good steers
Choice cows and heifers
'ommon to good cows and heifers
farmers
Bulls
Calves
Stocker and feeder steers
wine About Steady
9.50 10.50 ! ine enemy guns nave bombarded
9.00 010.00 many portions of our sector. Among
8.60 10.00 projectiles used have been some con
8.00 so talnlng gas.
5 00 00 ' With the American Army In France,
7.90 12.00 1 March 15. (Delayed) (I. N. S.) On
6.50 8.50 ; the Lupeville front the Americans are
j concentrating 2500 ards of a German
Trade In the swine division of the North Port- trench occupied sine Wedneadav morn-
land market was Just about ateady with last week inJ. The ' American guns, by heavy
3.26: medium choice. 82.00 2.25: extra but a mnnli nn.iml rinirini a reaction to 84 .
fancy Spitzenberga, large, 82.25 2 60. and me- I Erie first preferred advanced 1 to 80H, then re-
"t. uicuiuui, w s, . i acted to 20. American reiepnone was
extra fancy Homes, medium, $1.75 2.00; large,
.'.uu(2.:ii. '
Pittsburg Demand and movement alow, mar
ket talr. few early sales,
bergs, large. $2.25 2.75
82.00 2.50; extra fancy Itelicious. large.
f0 a. ao ; extra fancy Winesaps, some large,
in
scent supply, advancing 1 to 100 Vk. Sinclair Oil.
after yielding to 30. rose to 32.
Steel common ranged from BIT to flK all
at the opening of the day "a activities. Total run
was allgbtly greater than the showing of last
Monday, but demand held about the same and
early prices, were not molested.
General hog market range
Prime light $16 90 17.00
Prime heavy 16 7616.85
Pigs
iSauTo' Sfe tlh the ear!, forenoon.
timothy, fancy, $26.00 'per ton; Eastern Oregon- j $2.35 2.50; small to medium, $1.75 2,25;
Money loaning at 5 Mi per cent.
The selling movement became more pronounced
I in the late afternoon, when nearly all tha lead
... 14.25 15.28 . recerjtion from the American machine!
Mutton Comes Direct nd nnlnr
Jl couple of loads of mutton were reported in' irtnisrv iiui. n..mn
the North Portland yards over Sunday, but the I ,,.; (V, .
trade conUnuea as during recent weeka. on a very ! fr Intensity than ever before. The Amer
nominal basis. Killers are well supplied with j leans are sending a preponderance of
frozen, mutton and have liberal stocks of live ' shells into the enemy lines. There Is
Washington fancy timothy; $30.00; alfalfa,
$24 00: valley vetch. ( 1; cheat. $25.00
clover. 820.00 per ton: grain. $23.00 26.00.
GRAIN SACKS Nominal. No. 1 Calcutta,
24 H (ft 25c in car lots; less amounts higher.
Xill.I.HTL'KFS Bran. 830. 00 80.50; shorts.
32 00(s 32 50; middlings. $39 00 (Sj 30.50 per
ton.
ROLLED OAT8 Per barrel. $1 2.50 18.00.
ROLLED BARLEY Per ton, $77 79.
CORN Whole. $72: cracked. $73 per ton.
Merchants exchange March bids:
OATS
Sst. Fri. Thurs. Wed. Tues.
1818
Mon.
1918 181T
Feod
6900 3725
Feed
7400 3900
Brewing
8200 4150 8200
6S00 7000 7000
BARLEY
7400 7450 7500
These are the prices retailers psy wholesalers,
except as otherwise noted : '
7. Dairy Products i
BTJTTER-elttng price: Creamery prints, in
. paraffin wrappers, extras. 53c; prime firsts, 51c;
firsts. 60c; cubes, lc leaa; cartons, lc advance;
dairy. 84(85o lb; buying price, cubes. 48c.
BUTTERFAT Portland delivery basis. No. 1
sour eream, 54c lb.
CHEESE Selling price: Tillamook fresh Ore
gon and fancy full cream triplets, 28 28 He lb:
Young America. 30 30 He. Price to jobbers:
Tillamook triplets, 2lor Young America, 28c
I. o. b. Coos and Curry price to jobbers f. o. b.
Myrtle Point: Triplets. 25 14c; Young America.
26 He; brick, 85e; llmburger, 85c; brick Swiss,
40o lb.
EGGS Selling price: Case count, 84 35c
doxen; buying price. 88c; selling price, candled,
85 86c; selected candled. In cartons, 87c.
LIVE POULTRY Broilers. 40c; old roosters.
2823c: stags. 29 (8 30c; turkeys, 28 C 30c;
dressed fancy. 34 37c; No. 2s, 25 C 30c;
squabs, $8.00 dosen; geese, live, 25c, ducks,
85c; lb.; pigeons, $1.50 dozen.
Fresh Vegetables and Fruits
FRESH FRCITS-s-Orangee. $4 00 7.50 box;
bananas. 5H 6c lb. ; lemon. $7.00 740 box:
California grapefruit; $3.50 box; Florida, $5.00
5 6.79 box.
APPLES $1.00 2.25, according to variety
and quality.
DRIED FRCIT Dates, Dromedary, $5.00;
farda, $2.50 crate; raisins, 8 crown loose musca
tel. 10e lb in 50 lb boxes; figs. $3.50 box for
70-4 ox. package.
ONIONS Selling price to retailer: Oregon
No. 1, $1.23 1.60; No. 2. $1.00; carload
price of association, $1.25 ceatal f. o. b. ; garlic,
7e lb.
POTATOES Selling price: Table stock. Bur
banks. 75c $1.00. Buying price : U. S. No. 1.
76c cental, country points; aweet potatoes, 3 Mic
VEGETABLES Turnips. $1.50 sack: carrots.
81.80 sack;, beets. $1.50 sack: parsnip. 81.25
aack; cabbage, 8 4c lb; green onions, 45o dozen
enncbes; peppers, 40c lb; head lettuce. $1.90
' 2. 10 crate; eelery. 85 90c dosen; artichokes,
90e $1.10- dosen; cucumbers, hothouse. $1.25
1.50 doxen: tomatoes. Mexican. 32.50 3.00
lug; eggplant, 85c lb; aapsragua. 20c lb: rhubarb,
10 16c lb; cauliflower, local. $1.25 J. 76
crate; sprouts. 12 ho 16; green peas, 17c lb
Meat, Fish and Provisions
COUNTRY MEATS Selling price country
Killed best Bogs, ziztHc: ordinary, 10 20c
best .veal. 20 20 He: ordinary veal. 18 19c
rough heavy. 18c; goats, 10 12c: lambs. 17
20c; mutton. ll18e; beef, 7Va10Hc lb.
SMOKED MEATS Hams, 28 34c; break
fast bacon, 88 49c; picnics. 24c; cottage roll
28c; short clean, 29 83c; Oregon exporta,
amokea, ssc id.
PACKERS' MEATS Fancy steer beet. 19c
- fanoy cow beef, 17 He; fresh lamb, 25c; fro sen
; lambs, vie it.
LARD Standard. 28c lb: lard compound.
2$p
OY8TERS Olympia, gallon. 84.60; canned
eastern. 66c can, 86,60 dosen cans, eastern,
gallon, solid pack. 38.50.
FRESH FISH Dressed flounders, 6c; steel
. head salmon. 22 23c; Chinook, 227o;
Grch. 7 Be; soles, 7e; salmon trout, 18c;
Ubut. 18 20c; black cod, 11c; herring, 6e;
enielt. 8c; clams, hard shells, 4c lb, 82.75 box;
eraba. $1.73 2.50 dozen; Columbia smelt,
$1.00 box.
Orooerlee
SUGAR Cube. $9.66 H ; powdered, 88.37 H ;
fruit or berry. 37.87 H; D yellow. 37.27 H :
granulated. $7.87 Hi beet. $7.87 H ; extra C.
7 82H: golden C. $7.87 H ewt
- HONEY New. $5.00 ease.
RICE Japan style. No. t 8V4e; New Orleans
bead. 9 He; blue rose. 9c."'
SALT Coarse half ground 100s. $15.50 ton;
, 80s, $17.25; table dairy, 60a, $20.00; 100s.
$19.60; bales, $2.70; fancy table and dairy,
$26.25: lump rock, $20.00 ton.
BEANS California, sale by Jobbers: Small
white, 1314e; large white. 18c; pink, Wise:
llaaaa. 14 c; bayous. 104e; red, lie.
CANNED MILK Carnation, $8.70; Borden,
,$6 60; Aster, $8.60; Eagle. $9.00; Libby,
$8.56; Yeloban. $5.60 case.
COFFEE Boasted, 15H86o lb. la sacks
or drama,
SODA CRACKERS Bulk, 16o lb.
NUTS Budded walnuts, 27c lb; almonds.
21; filberta. 20o in sack. lota.
' . Hone, Wool and Hides
HOPS- Nominal, 1917 crop, 15 18c 1.
HIDES Baited, 28 lba and up, 12e; salted,
bulla, $0 Ins aad up. 10c; salted and green kip.
No. 2 feed
BARLEY
F-ed . . . i .' i .7400
Brewing ...8200
tjuti'm oats and corn in bulk:
Oats. No. 3 white 63.50
88 lbs. clipped white 64.50
Com No. 3 yullow 69.00
Corn No. 3 mixed 67.50
Oata No. 3 63.50
Oats, clipped 64.50
Corn bellow i KHKn
Corn, mixed 7 fin
W orld s wheat shipments Drinchml exnnrtinir
countries, flour included:
Wk. ending Total since Ram narisu
J rom March 16 July 1, '17 last season
j. ft. tic
Canada.. 3.236.000 180.209.000 263 9KS nnn
Argentine 508,000 14.830.000 52 130 000
Australia. 40S.00O 31.705.000 60.219.0O0
Busaia 6.352.000
India.... 220,000 11.780.000 26.248 000
8250 8200
Thirty day delivery waa quoted:
OATS
7100 7000
7500 7400
8200 7950
Bid.
.69.00
Total. 4.872,000 238.524,000 898.907.000
American wneai visible In bushels:
Bushels. TtncTi.i
ir. 18. 1918 7.522 flllft TWru 1 inanoA
Mar. 19, 191T 41.410,000 Decrease l!727;000
Mar. 20. 1916 61.174.000 Decree,- 5 791 nnn
1916 48,828,000 Decrease 1.99S.000
1914 66.384,000 Increase 5,000
Mar. 22
Mar. 16
extra fancy Black Twigs, medium to large, $1.75 mg issuea showed losses from 1 to 2 points from
--2. 08. I the midday range.
Steel common, which had sold at 92, dropped
to 90 H , and Bethlehem B sold down from 79 4
to 77 H. Reading yielded to 82 H, Canadian
Pacific sold down to 136. Marine preferred
dropped 1 H to 96 H . Many other issues showed
Memphis Extra fancy Arkansas Blacks. New-
towns. $3.00; extra fancy Spttzenbergs, Wealthys,
z.io; wageners, Komea, fj. 00.
St. Paul Demand and movement good, mar
ket Steady. Extra fancy Romes. medium to large.
82.002.25: fancy. $1.802.00; extra fancy losses of around 1 point.
Winefam. medium to larae. 12 25 Ob 2.50: f.npy
82.00(a) 2.25: choice. 81.7502.00: extra Hew lore, uarcn j. (. ri. B. 1 unia
fancy Jonathans, medium. $2.00 2.25; fancy, I vorable reports concerning Holland's attitude
si.iiK9z.iiu. lover tne contemplated seizure ot ner snips oy
New York Demand light, market fair. North- the allies caused heavy selling of leading stocks
west etra fancy Winesaps, Spitzenberga, large, in the stock market today. Losses ranged from
..oipisi.io; meaium, Ii.io2.iU; small, x to over 2 points.
a 1 m to ,:. m : extra lancy Newtowna. laraa. T..n. ..u. i.... .nt,
H-2.Ha:-m'lium 1"2 00: small and ralUes. but the market as a whole continued
SCSiay, Sl.ZOt9.OU. .nu(tll Bl nnmnn Itmnnal n OO ti
stuff on their own feed ' ts.
General sheep and lamb range:
Western lambs
Valley lambs . .
Yearlings
Minneapolis Demand and movement rood.
market steady, suppliea adequate. Boxes, extra
iancy. utucious. large, ii.uuni.23: lancv.
smell to medium. $2.75 3. 00-; extra fancy
Spitxenbergs. medium to larse. $2.75 0 3.00:
saucy meaium, e--ov tgg 2. 1 o.
Reading to 82 H and Mexican Petroleum was
unusually weak, dropping to 91.
Sales. 488,000 shares; bonds $2,893,009.
DESCRIPTION I Open High I Low I Bla
Limit in Trading
Is Responsible for
Mixed Grain Price
Brk. Rapid Transit
Cal. Petroleum, c
Canadian Pac ....
Cen, Leather, c. .
Chea. ft Ohio
Chi. tc G. W.. e.
CbtM. & St. P.
jnu x n. w.( c.
March Cotton Hits
A New High Mark
New York, March 18. (I. N. 8.) March
crossed the 83 cent mark shortly after the open
ing of the cotton market today, selling at $88.09
an an initial transaction of $32.95. This is a
new high record. The tone was firm at the call
with prices showing gains of 7 to 15 points.
After the csll the Msy rose 12 points additionl,
July 9 points and October 7 points.
The close was very steady at a net advance of
42 to 51 points.
Month
January
March .
May . .
July . .
December
Open High Low Close
8033 3038 3033 8044
3300 8838 8295 8330
. 8210 8250 8207 8247
3155 3192 8150 8189
3047 3082 3047 -8080
. . . 8025 8060 8023 8069
Alaska Gold . . .
Allis Chalmers, c
Am. Beet Sugar.
American-Can. c.
Am. Car. ' Fdy., e .
Am. Cotton OH. o
Am. Linseed Oil. e.
Am. Loco., o.
Am. Smelter, c
Am. Sugar, c
Am. Woolen, e
Anaconda Min. Co
Atchison, c ....
BY JQ8EPH F. PRITCHftRB Bald. Loco., c
Chicago. March 18. (I. X. SI AdrniMi 1 Bait. c Ohio, e
were made in oats futures, clnaine hln 9 a Bethlehem SteeL B.
8 0 higher. It was a market where the shorts
were eager to get under cover and where the
offerings were not large by any means. The
March future sold at 84 H up to 87 e and
May future from 81 to 84 o. Closings were
at the best price for the session.
Cash oats Bold at the highest rjremlum on
the crop and transactlona here were 250.000 I Chino- Cooper
bushels, half of which was taken by exporters Colo. F. A I., e
and half bv the domestic trade. Kk 2 shit. 1 Crucible 8 tee I. c
oats sold at 6 c over the May futures and No. g"? B. O.. e
o wniie ai o(soc over. Htandards ranged 1
at S u (Bs 5 m k nm If. Th. . 1. I General Electric
soahnarrl w.rn mt lyu ffi n 1. . 1,,., K. u.. WWncn HUODer.
fntura I rortnern, j. u
Iyr. rdunnern, pia
Greene Can
rule by the Board of Trade limiting speculative 1 Jf',u Leather, c
ooerations in araJn fiituii tn nn nun h,,.h.i. I Illinois Central...
was responsible for emtio nrirm o'n th. nnin Int- Mer. Marine
ichinia trla aii min f,,nn i I K C. Southern, e
below Saturday's close and then gained rapidly. thVm.nVtT
wnen tracers naa sow their maximum. I u.,.n ,; ,
March opened H off at 84 He. but later I xti i n
gained 2 He. May oats opened at 81. lHo Midvale Steel I
lower, but aubsequently gained 2 He . 1 M., K. eV T e.
March corn opened c lower at 81.26 H. but Miaamirl Paifin
aubsequently gained lc. May corn opened at National Lead .
31-22 H . down 1 H . but later gained-2 Ho. Nevada Con. . .
Provisions were lower at tha opening, later I New Haven . . .
steadying. N. Y. Central .
IH JL g$ TT
n! "w.." e.
Northern Paeifio
Pacific Mail .. .
..$1.26H $1.27 $1.26 H $1.27 (Pennsylvania Ry.
PACIFIC COAST BANK 8TATEMENX
New Perkinc Hotel
rtttB Ud WkablBftoa Sta,
, Cloa to TkolsssUa aad In Caatcfef
IUtU TJUtriC
Xatai Ie par Day TJj.
' Special Low Rates to
-' Permanent Guests
PALACE HOTEL
- Cieew, sjulet, medern, homelike and downtown.
are frem all assets. Hats 7 Bo te 88.00
mt aay. sm wvesninatae) as, . rarataer
sVtaranantaf Waaoquartera,
Clearings.
Monday . .
Clearings
Balances . . ,
Clearings
Balances . . .
Clearings . . ,
Balances . . .
Clearings . . ,
Clearings . . ,
This week. Year ago.
.$ 4.023.109.84 $ 2.503,795.28
Spokane Banks
$ 1.479,766.00
607,139.00
acoma nanus
$ 822,598.00
125.289.00
Seattle Banks
$ 6.583,576.00
1,529.209.00
San Francisco Banks
$17,821,018.00
Los Angelas Banks
$ 5,068,815.00
British "Wool fee miction
A csbleeram from Consul Rnil Dniurt l
Skinner at London says the war office, under
aie oi marcn a iornias tne sale oi the British
and Irish wool clip, excent ta anthnrieiwt nannn.
Wool owners are required to sell and deliver
upon demand of authorized persona. No manu
facturer can spin, draw, reel or weave wool of
the 1918 clip, except gathered wool, without a
permit, inia noes not apply to Shetland wool.
IB to 25 lbs. 12c; salted and green calf up to
IB lbs, 21c; green hides, 23 lbs and up, 9o;
green stags, B0 lbs and up, 8c; dry flint, 26c;
dry flint calf up to 7 lbs, 28e; dry salt, Slo;
dry horse bides, each, $1.25 1.50; salted horse
Hides eaca. a.U0 0.uo; horsehair, tail. 25e
horsehair, mane. 15c: dry long wool naita. Xft
dry short wool pelts, 25c; salted and green pelts
(January takeoff), $2.50 8.50 each; dry sheep
shearlings, each, 15 30e; aalted sheep shear
lings, each, 25 50c; dry goats, long hair. 26c:
dry goat shearlings, each, 15 0 80c; dry abort
bair goat, each, 90c $1.00.
WOOL Coarse valley. 60e; medium valley.
B Be; 'valley lamb wool. 45 50c; extra Oregon
fleece, 60 55c Th.
CHITTIM OR CASCARA BARK Buying
pnoe lor car low, o? l vc.
TALLOW No. 1. 14c; No. 2. 12c; grease
10e lb,
- MOHAIR 1917. 40 SOo lb.
Rope, Falnta, Oils
ROPE SiaaL dark. 23c; white. 22 Ha lb
Standard Manila. 82o.
LINSEED OIL Raw. bhle.. $1.67 gallon
kettle boiled, bbla.. $1.69: raw. eases. I1.1T
boiled, ealea, $1.79 gallon; lota of 350 gallons,
COAL OIL Water white in drums and iron
barrels, lOo gallons eases, 20c gallon.
GASOLINE Iron bbls., 20 He; cases, 80 He;
engine distillate, iron bbls., 114c; cases. 21 He.
WHITE LEAD Ton lots, 12e lb; BOO lbs,
13 He.
tlkpkntine Tanks, 65e; eases, 76c; 10
te lots. Jc leas. ,
WIBB KAILS Baste pricey $0.88.
1
25 H
80 H
48H
76
81H
32
65 H
80 H
104
52H
63"5s
85
78H
66-
78 H
40H
16H
138 H
69
59
i
92 H
40H
88 H
64 H
lOH
138
284
90
40H
March
May .
March
May .
May .
March
May .
July .
March
May .
July .
. . 1.22 H
. .84 H
. .81
.47.60
.25.48
, .25.55
.24.80
.24.62
1-25H
OATS
.87
.844
PORK
47.70
LARD
25!70
25.82
RIBS
2V43
24.80
1.22
.84 H
.81
1.25 I Pittsburg Coal, c .
I Hay cons, copper..
Tai 'Reading, e.
84 Si I Rcp- Iron Steel, e
(Rock Island t
47.30 47.70
25.45
25.55
24.15
24.60
25.4B
25.65
25.80
24.0S
24.45
24.80
POTATOES ALL ALOJTO THE COAST
San Francisco Market
San Francisco, March 18. (U. P.) Onions
Per cental, brown or yellow. 81.25 for a-ood
stock.
Potatoes - Delta. $1. 101.8B: do Oreson
Burbanka, $1.40 1.65; Nevada, $1.80 1.50,
according to quality; sweets. $4.50 5.00 tier
cental, on tha street.
Seattle Market
Seattle. March 18. (U. P.r Onions Cali
fornia yellow, per pound, 214 2 H c ; Oregon,
Z He; xaauma, sc.
Potatoes Local. $25.00; Yakima Gems,
$28.00 per ton.
Lot Angelas Markat
Los Angeles ( March 18. (L N. S.) Po
tatoes Northern Burbanka, $1.60 1.90;
sweets, $4.60 4.75 sack; Oregon Early Rose.
$2.75.
DAIRY PEOBTJCE OS" THE COAST
P.) But-
San Francisco Market
San Francisco, March 18. U.
ter Extras, 47 He.
Eggs Extras. 40 He: extra firsts. 88 H;
firsts, 83c; extra pullets, 38 H; extra first
pullets. 86 He
Cheese California fancy, fiats, 26a; Oregon
Young America. 26 He.
Seattle Market
Seattle. March 18. (U. P.) Butter Na
tive Washington creamery, cube. 52c; storage
California, cube. 45c; do brick. 46c
Ects Select ranch. 42c; pulleta. SSo.
Oregon Oheese in South
'San Francisco, March 18. (I. N. 8.) Ore
gon cheese, seconds, 24 25c; firsts, 27 28c.
Los Aneeies Market -
Los Angeles, March 18 (L N. 8.) But
ter California creamery, extras, 46c
Eggs Extras, 40c; faae count. 37c; pul-
isus. aoc .
, Evrope&m Honey Hates
Creeks.
Francs 672
Lire ,. ., 860 H
Guilder 45
Rubles 14
Cables.
6714
869 H
48H
15
Vow Tork Metal Market
New Tork, March 18. (L : N. S ) Lead
quit; po fi2 i.ou: Marcn. (7597.35.
oysiwr iw, svua ai.oagf l.oa.
studebaker. c
Southern Pacific .
Southern Ry. 0. .
Swift Co.
Tennessee Copper.
Tobacco Products
Union Pacific, 0 . ,
IT. S. Rubber, o.
U. S. Steel, e...
Utah Copper . . ,
Ye. Chemical, e ,
Wabash
Western Union TeL
Westinghouxe Elec.
Woolworth
95
28 H
16H
81 H
61
28
80
45
4
23
65
18
29
72
86
44
64 H
28
84
BO
22
47H
86
24
128 H
16
62 H
122
64 H
01
79
40
8
92
41H
111
1
25
80
43
7
81
82
65
80
104
52
64
85
78
56
79
40
16
13U
69
69
ii
92
40
88
65
16
138
28
40
95
28
16 H
81 H
61
28
80
45
6
23
55
18
29
72
' 86
'44
54 H
23
85 H
80
22
47H
88
24
128
16
62
122
65
92
79
40
8
92
41
111
1
24
79
42
75
81H
82
63
78
104
62
63
84
76
54
77
88 H
16
186
68
57
41
92
40
88
63
15
186
28
89
40
Extra dividend, 1 per cent.
Total sales 488,000.
95
27
16 H
31
61
27
80
44
4
22
55
18
28
71
84
'44
53
23
82
78
21
48
84
28
128
16
60
120
54
90
79
89
8
92
41
111
1
24
79
42 -76
81
32
63
78
103
02
63
84
76
54 H
77
89
16H
136
68
67
7
41
92
40
88
63
4
16
180
118
28
89
40
12
90
27
16
81
69
28
80
44
4
22
02
18
28H
71
104
20
84
28
44
43
23
82T
78
21
45
84
23
128
10
60
121
55
90
79
89
8
92
40
110
2few Tork Bond Market
Bid.
Atchison general 4s 80
Baltimore & Ohio gold 4s 76
Bethlehem Steel refunding 6s... 92
Central Pacific First 4s 80
C. B. aV Q. ooL 4s ' 91
St. Paul general 4s 84
Chicago Northwestern general 4s. 80
Louisville & Nashville unt 4s. . . 83
New York Railway 5s M8
Northern Pacific P. L. 4s 80
Reading general -4a 82
Union Paeifio First 4s . . . 86
United States Steel Bs 97
Union Paeifio 1st ref. 6s. 78
Southern Pacific con v. Sa 90
Southern Pacific conv. 6s. 99
Pennsylvania convertible 4 s. . 96
Pennsylvania First 4s 89
Chesapeake & Ohio conv. 5s. . . 80
Oregon Short Line 4s. 81
Finance : Tirtiber : Industry
New Issue of 4 Per Cent Treasury Certificates, Jated March 15, Offer
Convenient Investment for Corporation's, Firms and Individuals Hav
ing Excess Profits and Income Taxes to Meet.
and effectual counter battery work, have
btlffled every enemy attempt to bombard
the Americans out of their positions or
to plant a barrage behind them.
A few enemy patrols approached the
trench last night They met with a warm
.$15.00 16.80
14.50 IB. 00
18.00 18.80
12.50 13.00
also considerable aerial activity.
Activity on Italian Front
T Uornh T HT Cf T7
Wethers ...... ,V. . 12.50 13.00 ' . , f . t If V wjr-
Ewes ..7..:.. ... 10.00 l 1.00 thing; indicates that the long prepared
Shorn sheep. 2 8c under quotations. Oerman-Austro oiienslve on the Italian
Monday Livestock Shippers ! front 1b near at hand. .
Hogs W. C. Calhoun, Caldwell, 1 load; Flsk The war office reports that the last
Welbourne. Parma. 1 load: J. F. Rupert. 48 hnurn tin va been marlrnA K l(v.i
Btanneio . x io;janamr. i -,unflre and important troop movement
load; Coles St J)odd, Haines. 1 load: Qrover Bros., i behind nearly all the vital sectors of
Payette. X load ; A. L. Keufton, Condon. 1 load.
Cattle A-f. weire. Meriden. z loads: A. M.
Johnson. Nysse, B loads; P. I. Brown, Baker,
l load; A. u. wtng. cawweii, l load; A. t.
Tuning, Parma, 2 loads; Fred G rover. Robin ette.
loads: ir D. Dinamore, Lebanon. 1 load:
Hanson Bros., Forest -Grove, 1 load; Kfbley tt. ;
Priesolf, Grants Paas, 4 loads; C A. Burradde,
Redmond, 1 load; J. W. Coster. 1 load; Ed Slay
ton, Terrebonne, B loads; Oeorge Pixcn.- S loada;
G. C Price. Redmond,-1 load; J. M. Bleven,
1 load; Mrs. A. C Brend Son. Gateway, 3
loads; C. B. & P. S. Btearns, Terrebonne, 4
loads; BlaekareU Bros- Ontario. 1 load; S. lav
Wade. Echo, 1 load C. Howell, Bobinette, 3
loads; Coupe Bros.. Veiser, X load; K. Y.
Stubblefield, Enterprise.' 1 load; E. M. Gruver,
Meriden. l Joaa. -
Sheep J. Abdey, The tHQea. V load; William
Snepard. WaahougaL 1 load.
Mixed Stuff U. M. uray. Froaaer. l load cat
tle, calves and sheep ; Wood A: Clark, Redmond. 1
load cattle, calves and hogs; A. W. Sutton,
Homedale, 1 load cattle and hogs; W. B. Hunt
er, Lostine, 2 loads cattle and beats; W. A.
Ogden, Union Junction, 1 load cattle and bogs;
Sol Dickerson, Weiaer, 8 loads cattle, calves and
hogs; Grover Bros., New Plymouth, 1 load cattle
and hogs; Jeff Jones, Heppner, 1 load cattle,
calvea and hogs; M. D. Wheeler, Lebanon. 1 load
cattle and hogs; Hout Snodgraae. Crabtrea, 1
load cattle and hoga.
United Statn bureau of markets reports live
stock loaded Starch 17 (carloads reported west
of Allegheny mountains; ddabledecks counted as
two cars) :
Cattle and Mixed
- Calves. Hogs. Sheep. Stock. Total.
Totals ..... 1812 1187 427 148 8174
1 week ago..-. 1086 626 383 118 224B
4 weeks sgo. . . 967 689 256 88 2070
State origins of livestock loaded March 17:
For Portland:
Idaho IS 4 17
Oregon 17 1 18
Waahington . . . 1 1
the front.
The Italian artillery Is effectively
counter-shelling. Both on tha mountain
front and along the Plave reconnais
sance worka It goes on without pause.
The Teutons have attempted surprise
attacks in the Val Tellina sector. In the
Gludlcare) valley, near Pasublio, and
on the middle course of the Plave.
All thrusts have been parried by the
ever-alert Italian defense. The enemy
is trying hard to find a weak spot In
the Italian lines.
81
2
13
6
8
12
14
2
Totals
1 week ago . . .
4 weeka ago. .
For Seattle:
Idaho
Totals S
1 week ago .... 4.
4 weeks ago. . . IB B . . . .
Monday Morning Sales
STEERS
86
21
82
S
4
28
Foreign Bond Market
Bid.
A. F. 6s Oct "1920 9
U. K. 6s Sept. 1918 98
U. K. 5 Nov. 1919....... 96
U. K. Bs Feb. 1919.. 98
U. K. 6 s Not. 1921 ....... 98
A. F. Sec Bs Aug. 1919...... 95
Rep. France Bs 1881......;. 12S
Pane 6 Oct. 192 1 85
Marseilles 6s Nov. 1919...... 86
Russia Extn. 6 s 1921...... 38.
Russian Intl. 5 Hs 1926... ... 8
Dora. 6s Aug. 1917 93.
Dom. 6s April 191.... 94
Item. 6s April 1931: 91
Dora. 5s April 1926 92
Argentine 6s Hay 1920 . 95
torn. Canana 5s 1987 ... 90
French 5s 1919 . . 96
Ask.
81'
77
93
81
92
84
19
81
88
87
98
79
90s
03
97
89
82
82
Ask.
90
98
96
99
98
5
13B
85
87
40
94
93
5
93
93
98
91
96
No. Ave. lba. Price I No. . Ave. lba. Pries j
-7.... 881 $10.28 8...... 700 18.60
6 1008 10.50 6 1310 11.60
2..'.. 835 9.60 85 1005 11.00
10. ...102fr 10.50 ' 1 1010 10.60
1 1120 10.50 83 941 11.26
1....1000 10.60 8... ..1137 10.50
11 937 10.23 15 1021 11.00
15. ...1072. 11.85 1 1080 11.85
18.... 921 10.75 1 1020 10.75
22. ...1292 11.25 8 1173 19.25
2 1410 11.65 11 1086 11.65
8.... 844 11.00 2.... 790 10.85
5;... 862 10.60 1 780 10.50
1 1038 10.50 1 1079 10.50
23 1062 11.00 B 992 11.00
24 1262 11.60
BULLS
2 1005 $7.00 1 1210 $6.50
1....1620 8.00 1 1090 6.60
l...ill70. 7.60 1 1200 8.00
1 970 6.00 1....1450 8.60
S 1810 8.00
COWS
1.... 780 37.60 1 730 86.50
2.... 865 9.00 6 828 8.60
2 915 B.00 2 1010 . 9.00
8.... 1030 9 50 1 890 6.00
6.... 1133 7.00 2 1145 8.50
1....1070 6 00 8 1027 10.00
8.... 1077 .7B 1 1250 8.00
4.... 1020 9.75 23 921 8 50
1....1S50 8.50 2 915 7.60
2.... 1055 10.00 1 1070 10.00
1.... 870 B.00 6 1097 7.00
8.... 1023 10.00 1.... 780 4.60
1 750 7.O0 1 780 6.60
2. ...1020 9.75 1 1040 4.00
1 1130 9.50 2 1070 8.50
1....1140 7.00 1 1060 8.50
HEIFERS
1 860 $9.75 1 1180 $10.50
1.... 790 9.50 1..... 840 8.00
STAGS
2.... 1875 $9.85
HOGS
20.... 188 $17.00 1 430 $16.00
4.... 125 16.60 19 182 17.00
12 116 16.60 B0 82 16.00
9 187 15.601 8 810 16.00
9 230 17.00 8 800 15.75
60.... 161 16.75 43.... 202 17.00
8.... 140 15.50 8.... 180 IB. 50
104.... 183 16.85 8.... 805 16.88
14 121 15.60 2 145 15.50
5 376 16.05 78.... 200 17.03
102 107 15.50 20.... 66 14.00
44.... 297 16.00 2.... 290 16.00
65.... 172 17.00 20.... 162 16.00
S3.... 179 17.00 2.... 285 16.00
.... 144 15.60 71.... 208 17.00
.... 138 15.50 23.... 123 15.B0
67.... 187 17.00 1
Prisoners Taken by British
London, March 18. (TJ. P.) British
troops successfully raided enemy posi
tions south of A'cheville last night, tak
ing several prisoners and sustaining
slight losses, Field Marshall H&lg re
ported today.
Patrols Inflicted casualties on the en
emy east of Zonnebeke.
South of the Bapaume-Cambral road.
In the neighborhood of Lens, and be
tween Waxneton and Zonnebeke there
was some hostile artlllerying last night.
Kansas City Market
To Be Investigated
Chicago, March 18. (I. N. 8.) Fran
els J. Heney, attorney for the federal
trade commission, is on his way to
Kansas City today where he will open
a hearing into the packing house In
dustry similar to that conducted here.
He expects to call the first witnesses
tomorrow. After finishing In Kansas
City he will return to Chicago to resume
the Investigations.
Tillamook Ckecia ladattry-Thera will
b no chee Selena days In this country
while Tillamook county, Oregon, ia on
the man. Tillamook county haa a war
crop that Is the cheese, tha whole cheese
and nothing but the cheese, .so help me.
Hoover! Switzerland can remain neu
tral and llmburger ding to Hunland,
but Tillamook will see to It that tha
fighters for democracy go not cheeseless.
The Southern Pacific hauled close u
6.000.000 nounds of cheese out of Tilla
mook In 1917 and the county collected
over $1,000,000. The Industry ts now so
well established and conducted on such
a sanitary and scientific basis that Tilla
mook cows work overtime willingly ana
the International cheese record for 1918
Is In slRht. says H. A. Hlnshaw. general
freight agent of the Southern Pacific In
Portland.
American Areata Waated for Tore lgn
TradedWith the rapid extension of
American export trade comes a demand
tor live and enterprising salesmen to
present goods of American manuraoture.
"If 'American manufacturers really de
sire a fair proportion of the trade of
this country," writes the American con
sul aeneral at Auckland. N. Z., "they
must not leave It almost entirely In the
hands of foreigners. Good live agencies
should be opened In the main centers,
manned by active American salesmen
familiar with the lines handled." This
Is also true of . other countries with
which American exporters are building
up trade, especially In the countries pf
South and Central America are oppor
tunities open for men with a speaktng
knowledge Of SpaniBh and gifted with
the dualities essential in salesmanship.
Money Stock of toe United Statetv
The total stock of money in tne unita
States on March 1 was greater by $1,
205,871,000 than on the same date In 1917.
Money in actual circulation, however,
had increased only $508,835,000. During
the year more than $500,000,000 In gold
coin was turned Into the federal reserve
bank in exchange for new federal re
serve notes. This gold Is held in re
serve and the amount of money in cir
culation was not Increased by the proc
ess of Issuing notes to an equal amount.
The total stock of money In the country,
however, takes Into account both the
gold and the federal reserve notes se
cured by It, which accounts in a meas
ure for the discrepancy between the to
tal stock and the money In circulation.
Aluminum Production of the United
States. The recent action of the presi
dent In fixing the price of aluminum
calls attention to the rapid growth of
tbls Industry in the United States, which
has now become the leading world pro
ducer of aluminum. A compilation by
the National City bank of New York
shows that the prod action of aluminum
In the United States has grown from
60.000 pounds In 1890 to 7,000,000 In 1900,
48,000.000 In 1910. 100,000,000 In 1915,
140,000,00 In 1918, and approximately
180.000,000 In 1917. these figures being
In very round terms. The value of the
product, which amounted to a couple of
million dollars In 1900, was $16,000,000 in
1915, and approximately $46,000,000 In
1917. This rapid Increase In our pro
duction In this line places the United
States far in the lead among the alumi
num producing countries of the world.
In fact, about one half of the world's
output of aluminum is now produced in
the United. States, for while authori
ties differ somewhat as to the produc
tion by certain of the respective coun
tries, they, agree that wo now produce
about QOSv "alt oft the world'a output,
which be- variously estimated at from
136,000 to 160,000 tons, or slightly more'
than the world's production of tin for
which aluminum Is now becoming a sub
stitute in certain - lines. The prices of
aluminum have greatly decreased with
the enormous Increase In production,
falling from $12 per pound In 1870 to
$3 in 1899, and ranging thence downward
to an average of 33 cents, and then
down to about 20 cents In the year pre
ceding the war. With the greatly In
creased demand and Increased cost of
production the average price In 1918-17
was about 33 cents per pound, the presi
dent's recent order naving fixed the
price for the period ending June 1, 1918,
at 32 cents. No census figures are avail
able as to the amount of capital In
vested In the aluminum Industry In the
United States.
Xew Iigne of Traasnry Certificate
For tha convenlenoe of firma, corpora
tions and individuals having excess
profits r income taxes to pay during
June, 1918. United States treasury cer
tificates will bo Issued under date of
March 15, 1918, until further notice.
These certificates will be In all respects
Identical with those dated January 2,
1918, carrying Interest at 4 per cent
nnrrtm from March 15. 1918. and nutur.
lng June 25, 1918. Subscriptions will
re received by tha Portland branch of
tlO federal reserve bank of San Fran
cisco, These certifleatea afford con
venient investment for funda set aaido -
to meet the payment of Inooma and
excess profit taxes, and tha issue of
January 2 waa very liberally subscribed
by Portland firms and Individuals with
heavy taxes to pay. , - '
Increase in Postal RecelnUePoatal
receipts for the first 1$ days In March
ahow an Increase of $24,093.69 over tha
same period of last year. According to
fostmaster F. S. Myers, about 15 per .
cent of this Increase is due to growth '
in the volume of business transacted.
The increase due to the raise In rates
of postage is confined practically to
mail sent out of the city. Postcards,
the only city mall on which rates hav -been
raised, do not figure heavily, said v
Mr. Myers. Total receipts for tha first
15 days In March. 1918, were $80,820.07,
compared with 5,?S6.$S for tha same
period In 1917.
Ananal Meeting ot Insnranee Federa
tion of Oregon J. 11. Bryant, acting
secretary of the Insurance Federation ;
of Oregon, announces that the annual '
meeting and luncheon ot tl.e organ! xa- '
tlon will be held In tha ballroom ot tha
Multnomah hotel at 12 o'clock, noon,
March 2$. Officers of tha federation
are: C. H. Weston, president; vice
presidents, II. S. Hudson, O. W. David- m
son, S. O. Jewett and D. Bi Atkinson ; -
treasurer, J. H. Bryant.
Knormoss Extension of French Car
renc j At the beginning of the Euro
pean war the total note circulation
authorised for the Bank of Franco
was 8.800.000.000.J rancs. The author
ized limit was increased to iz.ow,ow,
000 franca In 1914 and 15.OOO.0O0.O00
francs In 1915. In 1918 tha limit was
raised to 18,000,000.00 franca. In- Feb
ruary. 1917, an increase to 21.000,000.000
was authorized and in September of '
the same year the limit waa raised
to 24,000.000,000 francs. In February.
1918. the authorised circulation of notes
waa again raised to 27,000,000,000
franca. At the time the last rales waa ,
made the outstanding ' circulation -amounted
to approximately 23,700,000,-
000 francs. x
British Trad With Tnrksy, Accord
ing to the report of the British - Board
of Trade for the year 1917,- England
exported $4,670,700 worth of mer
chandise to Turkey and $3,509,800 worth
of merchandise to Roumania during:,
that year. -1 .
Japaa Iacreaaes Gold Holding Of- -flclal
reports indicate that during tha ,
year 1917 the State Bank of Japan,'
Increased its holdings of gold and sil
ver $122,000,000 while Its loans Increased
oply $40,000,000.
' Business Condition! In Rsssla Today
"The Russian farmer la back a work on
the land and living on his own produce,
reports Charles L. Preston, av prominent
shoe and leather man who haa Just re
turned from a trip to Vladivostok on a . -special
mission for tha bureau of foreign
and domestic commerce, department of
commerce. "So far aa food Is concerned,
ha Is not badly off. but he la putting
very little on the market. He barters
for the little he needs in the way of
manufactured goods, but will not - ac
cept money for his produce. Ha re- ,
fuses to worry about the fluctuations in
the value of the ruble." Mr. Preston,
who has spent many yeara In Russia,
went to Russia on this occasion In be
half of the government to find -out
what could be done to facilitate : tha -
-shipment of hides nnd skins to tha
United States, but found little encour- '
agement for the near future. Farmers
are not allowed to kilr calves for. a po- .
riod of three years, and only small quan
tities oi other hides and sklna are Mint,
bartered by tha raisers. Old stocks are
held In Interior warehouses and by '
speculators, but there are no Important
supplies of hides and skins In or near '
Vladivostok. The business stagnation In
Russia, explains Mr. Preston, is dua In
part to the depreciation of the ruble and
to restrictions on the banks. Transfer
of money by banks from one city to an
other Is forbidden, and depositors are
not allowed to draw more than 250 ru
bles at a time. In ordinary times 250
rubles Is equal to a trifle mora than
$125, but this is worth a great deal leas '
now. . t .
Chicago Dairy Prodnce
Chicago. March 18. (I. N. S.) Butter
Receipts, 6403 tabs. Creamery extras, 42c; extra
firsts. 42 e; firsts, 41 42c; packing stock.
88 89c
Escs Receipts 1 10.258 cases. Cnrrent re
oeipta, 84 9 85c; ordinary firsts. SB e? 35 ;
firsts.'3686c; extra, 40 e.
en.' $12.00016.00.
Omaha Hoes $17,18
Omaha, March 18. (L N. S.) Hoes Re
eeipts, 14.000: lower. Top, $17.15; rants,
$16.50 17.15; mixed, $16.78917.00; coed
choice, $16.60 (316.88: ronah, $16.65 18.75;
lights. $16.60 17.15; bulk. $16.76 17.00;
pigs, $12.00 14.00.
Cattle Receipts. 10,000; lower. Beeves.
$9.25 918.85; cows and heifers, $6.60011.00;
stockers and feeders, $6.60 011.60; western,
$9.60 012.00; calves, $9.00018.00.
Sheep Receipts, 6000; alow. Wethers,
$13.25 014.75; yearlings. $14.00016.50;
lambs, $16.60018.00; awes. $12.00018.85.
Chlcas Hove S17.7S
Chicago, March 18. (L N. 8.) Hoes Re
ceipts, 82,000; slow. Mixed and botchers.
16.55 17.70,- good Heavy, $16.00017.20;
rongh heavy. $16.00016.26; light, $17,000
17.75;. pigs, $13.50 017.00; bulk, $16,90 0
17.60.
Cattle Reeeipta, 26,000; weak. Beeves,
$9.40 014.60; cows and heifers, $7.10 012.00;
stocker and feeders, $8.20012.15; calves.
$10.50016.50.
Sheep Receipts, 17,000; steady. Natives
and western. $11.20014.85; lambs, $14,500
18.80.
Denver Moss $17.18
Denver, Colo., March 18. TJ. P.) Cattle
Reeeipta, 1600; ateady. Steers, 88.00012.88;
cows and heifers, 87.00 010.00; stockers and
leeders, 67.VU011.OO; calves, 312.00 lt.OO.
Hoes Receipts, 1100; 2 So tower. Top,
817.15; balk. $16.65 017.00.
Sheep Receipts, 6600; steady, lambs, $16
017.2B; ewes. $12.50018.80.
Seattle Hoes Steady
Seattle. Wash.. .March 18. (L N. 8.1
HOOS Reeeipta 401, ateady. Medinm to
choice, $16.75 016.85; smooth heavies, $16.23
l.B0r roncn heavies. 115.764 16.00: nias.
$15.75 016.00.
CATTLE Receipts 195. steady. Best steers.
$11.23011.50: medium to choice. $9,600
10.60; common to medium. $6.60 09.00; beat
cows. $9.00 010.00; common to medinm sows.
sa.oucaig.De; Doits. aa.W0S.OU; calves, 3S.OU
0 m.uu.
. BHXEP Receipts none.
Culture and Beauty
A marriage broker brought an as
sistant along to a conference about a
bride. Thla assistant waa to confirm
bis assertions.
"She la well made. Ilka a pine tree,1
aald tha aSwnt.
"Like a pine tree," repeated the as
sistant.
"8h la cultured beyond words."
"Wonderfully cultured," came the
echo.
"However, one thing Is true," con
leased tha broker, "sha has a slight
hunch on her back."
"And what a hunch!" confirmed tha
assistant.
AMER1CA2C LIVESTOCK PRICES
Chleaoe, March 1S. (I. H. S.) Receipts ef
S2.000 hoes at tha Oh lease stock yards today
Kansas City Haas 817.28
4. Yl.wH ta i T w Si
Cattle Receipts, if, 000; steady to 15c lower.
Steers, $10.00 018.40; cows and heifers, 87.00
012.75T stockers and feeders. $6.00 012.40;
calves, $8.00 013.00.
Hoga Receipts. 17,000; 25o to 50c lower.
Top. $17.25; bulk. $16.50017.06; heaviea,
tl 6.25 016.76; mixed. $16.7$ 0 17.18; lights.
16.60 0 17.25. v ..........
8heep Receipts. . .7000: steady. ' Taaiba.
$16.00 0 18.10; ewes. $li.00 0 i.ff0;weta-
Honey and Exchange
New Tork. March 18. (I. N. 8.) Call
money on the New Tork stock exchange today
ruled at 6 per cent; high. 5 per cent; low.
naw cent.
Time money waa dull : rates were S per cent.
The market for prima mercantile saner was
omiet.
Caii money tn Lxroaon today was z per cent.
Sterling exchange was quiet, with bnsineaa ui
bankers' bill at $4.75.80 for demand, $4.72 for
60 day bills and $4.70 for SO day bills.
Silver New Tork. S7e; London, 43 d.
San Fraaelseo Grain Market
San Francisco. March 18. (TJ. p.) Cash
grain:
Barley Per cental, feed. $8.80 08.88.
Oata Per cental, red feed, $8.400 8.60.
ICew Tork Sn gar and Coffee
New Tork, March 18. (TJ. P.) Coffee
Spot No. T Rio. to; No. 4 Santos, lie.
Sugar Centrifugal. $6.05.
Seattle Bartay Market
Seattle. March 18. (I H. S.) No. 3 feed
barley. $79 00; 40 lb. barley. $76.00. Receipts
nasal, 4 cars; saner, a can.
Municipal Bonds
To yield 5 to 6
Exempt from all Incoma Tax
Ask far List
Lumber mens
Trust Company
.CAPITAL aa SOSftBS HO0.000
v
Lumbermen! Bldf.
Portland, Ore.
FACTS,. NO. 251
STARTLING
FIGURES
tThara ara now 4.000,000 -auto
passenger cars and
600,000 auto trucks In
the. United States work
ing to relieve tha con
gested condition la rati"
road traffic. Thla could
beaccotnpliahedlf
highways were payed
with
BITOUTHIC
WARREN BROS. CO.
Journal Building,
Portland, Or.
MORRIS
BROTHERS
Incorporated
Established 25 Years
20 1 Railway Exchange BulMlof
Portland, Oregon ?
Thm Premier Municipal
Bond Hovum of Oregon
Oregon Municipal Bond
Yielding From 5 to 6V4
Telapbona Mala 3409
UIIIIUIIIIUIlllllllllllllllIUlllllllllllllll
V . ' j-.'v aaa -
Hall & Co: j
Liberty Bonds 5
INVgSTSfgsjT OSJDS S
FRSStRftSD STOCKS S
LOCAL SSOURITIKS -. S
Bought and SeM
tatotatlone Uaon Request ''S
Lewis SMs.
Slarshall 5S S
llIIlIIlIIIIIlIIlllIIflllllllllillllltllillllllT
Stack, Boada, Cottoa. Grain Zta '
Sis-til' Board of Trade Bsttdlasv . .
Overbeck&CookeCos
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Xentbers. Chicago Board ef Trade.
. Corrttpontents of Xogaa Bryan,
, i C CaJesrSt JTaw Torte---.'