THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING. "APRIL' 21; 1918.
ELIMINATE SMALL APPLE FROMBEST GRADEINNORTHWEST
Extra Fancy Apple Must Be
Protected by the Growers
Only Really Top Price Sturf Should
Be Marketed in That Grade
by the Northwest.
Jnt what it (A extra fancy apple th Paelfio
Northwest trad of the PeMfle Northwest i
iinebl to air upon. Oregon, Idaho and
Washington are all producer, of the beat trait
In the world,, but there la a wide difference of
opinion a to what real extra fancy apple to.
Mori of the apple marked aa extra fancy by
Pacific North went aet'tinna are by no trtch of
imagination in that claw). Other may be placed
la tbe be, class by special dispensation.
'Apple Uiat are marked extra fancy In on dis
trict art In many Instances no better than tbe
fancy trad of torn other district. The only
different- between then at time 1 25c a box
asked by tbe trade and shipping organization.
That a eery small aiple la not an extra fancy
Pl'l la known to everyone In the trade, and
Mill practically every district will label their
rlferings a suofi. Wholesaler mint tell fruit
on rU merit and the marking: f quality on boxes
laa become a Joke In many quarter.
mall Apple to Lpt Place
That the imall ail'lo la doomed in the Pacific
Northwest trade is the conclusion that ha been
generally leached by hlppina organisation.
Praotically all of them hare appealed to their
grower to cull out the imall fruit and allow the
apples to grow to larger sir.e.
Kir tier stock hai never been old at an extra
fancy prv e no matter what condition tbe fruit
waa In. The marking of uch stuck as bet grade
doe not deoeir the public, but it causes the
buyer to distrust all label marking.
The future of the Pacific North went apale in
dustry depends almost entirely upon the IVpear
Biice of It fruit and this eliminates the small
apple. The big apple from the three state ban
a reputation for quality that Is world wide and
. the small apple is always considered an inferior
efforing.
Market amall Fruit A Ion
It ha been miggeated that tbe leading Pacific
Northwest apple diMrict market all their small
lied apple in distinct packings. Bulk packages
would probably be the best because thry would
eliminate much of the present expense of mar
keting this fruit. The publio does not care a
tap about bow the small apple are put up and
will pay no more for them In selected packages
titan In plain boxes. The extra cost is therefore
born by the grower at this time.
In soma quarters It has been uggeitd that
only tba extra fancy apple be wrapped in paper.
Thi would Instantly distinguish it from inferior
quality, proridlng adtantage was not taken of
this fact by some growers who would place the
Inferior stuck in the better packages as a blind.
JOBBING rttlCES 1 FOBTLAJtD
These are the price retailer pay wholesalers,
except aa otherwise noted:
Dairy Products
BUTTKU Selling price: Creamery prints. In
paraffin wrappers, extras, 4 2c; prime f lists,
40c"; firsts, lllttoi cubes lo lens; cartons ic
addiUuual; dairy, a Iks lb; buy lug price, euees,
3787He.
BUtTEKJf AT Portland delivery bests, Ku. 1
auur cream, ii y
CHKtaai helllnt prffce: Till mook fresh Ore-i
mem laucy imi cream inpieis, oayoae to;
koang America. ZB e UB Va c. Prices to jobbers:
'J, iliajuooa. triplets, Kc; louug America, Kbc
I. o. o. Ccos and Curry, Price to Jobbers, t. . b.
Myrtle Point: Triplets, 2 fee; luuug Amsiic.
:tte; bnc. aeei iiuiburger, 8 jo; tinea nwue,
Uo lb.
ECUS Helling pnee: Case count, 84o do.
Buying price, UA i aa H o. tieilmg price: Candled,
gov; selected, in carton. StJc
LIVki PUULTUIC Nominal. Hen. 26 0 27c;
brmiers. 36 a c; uiu roosters, lb; stags,
liue per lb.; turkeys, 26&auv; dressed fancy,
lie; No. 2. isua; asuab. 83.U0 do,; geese,
tin, 2UW2uc; ducks, Sue; pigeons, 81.80 Uo.
Frasrt Vegetables and Fruit
FKE8U k'lttil'lo Uraugea, &.26y7.00 box;
bauaua. o to ?- 1D.J muiuus. u.ii) lev l.ita boa;
caiuuini grapetiuit. es.ui) lev e.uu; alorsia,
tu.uuwa.7ii.
ilrs Yellow rtswtewns, extra tsucy, 4
tier, box. o tir, 81.40; laucy. 4 uer,
ai.UU; coutc. 4 Uet. 81.7e; 4 4a Uer, 81. bv; e
tier, lied cueaaa, extra laavy, iiV uer,
ta.au. Uer, a2.uu; fe uer. -.u; o Uer,
..J, H.-iiouw, u 7a Uur, eli.liAi 4 Uer. b2.UO;
4 7, uer, 1.8; a Uer. ai.uu; Home beauty,
couibiualiuu. o 7 Uer, Ss.Oo; 4 tier, 1.7b; I03
bus lu lu a hwx iuu wuare price 1 ur , ..wu
UUll ITKL'ira Dales, dromedary. S.2&;
tarua, .10 crate; isuiua, d croen iooe mnws
tcl, 1U0 lb. in 64 lb. uosea; US. So.su box lor
iu-4 OA yauaage.
vj.Slu.So acuing price to retailer: Urjjon
No. 1, 1.2o; No, 2. 76c)l.uu; cartuad
price of aasociatluu, 11.110 1. o. 0.; gariit, la
lb.; ealou Sels, lo in. new crup sexes
iHiDDus, 2.uu crate.
fUlAiOa-s tteuiug price. Table stuck, Uur
balls a, ; el.Ou. nuyuia price: U. o No .1,
1 oc ceatal, country puutu, sweet putalues, ttw
loo 10. i new potatoes, lUe lb.
VklUUTAstLikB lurmpa. 41.SSgyl.fiO sack;
earrou, l.uuayl.16 saua; beeu. 2.2 seen;
parsuuy. el.ov sacs; caubae, 4lave7kO lb.;
green uuioua, Uusea buuciuu; peppers, S60
lu.i head leltuoe, tz.jo ciate; celery, 1 u 14V Hoe
Uuseu; aruuuoaea, aou duseu; cucumbers, bot
liOUM. l.Vi lav 2.UU Uoxeii; lomaiuo, Atcxicau,
a4.au lust; eaMpiaut, drnt 10,; a..paisgU4, lUay
12tc; ruubsiu, bu; cauliuower, local, il.2u;
spruuu, liaS ih.i greeu peas, liijsiVkc iu.;
burseratliau, 1-ViC lb.; spuiacii, buutaex.uo.
Meat. Flsn aim rrovlttons
OOL'XTul alkaia aelluig price ciiunUy
k 1114 bet huge. -0 lev o 7c. uruisuiry, ne
lb.; best veal, ldVleyllc; ordinary veal. IA m
llo, lough heavy, lailbe; goau. lOtgvlilc lu.;
lauiu, at uiutwu. lieuu; imu, Xuw7
lBlluKEU HEATS iums, 2884a; break
fast bacon, 8tiy4tfci picnics, 24c; cotUge ruli,
2ao; snort vleeta, 2aaac; uregun eipotia,
snauaed. 80 lb.
FACala-ltJl MEATS Fancy steer beef. 20c;
fancy cow beet. 18c; treali spring lamb, 4Wo
troaen yearliuga, 2 Bo lb.
. .sun fi.mi.ru, ao U; lard compound,
2XC
OlbTKHS Olympia, gaL, (4.60; canned easV
cru, boo cau, le.wu itu. caus; easleru, eai., solid
pacx. 6u.
i'KtsH k'lSH Dressed flounders. Go; Chi
nook. 2U22c; perch, ley fie; soles, 7c; salmon
trout. 18u. halibut, la 7 w2hi; black cod. llo;
bernng, Me; siueil. be; claius, hard shelt, 4e
lb., i.7o box; crabs, 1.7u 2.uU -pur dox.;
Columbia smelt, ll.UU box; shad. 14a.
Qrooerte
'' HUUAR Cub. ourVk ; powdered, 8 87 ;
fruit or berry, 7.B7 V 1 i kUow. 7.27Vk;
srsoulsted, t'.SiVk; beet. 17.77 Ml exua C,
et.eilVs; golden C. 7.o7 7i.
liutuX Mew. o.UU case.
stick. Japan style. No. 1. 8 Vie; New Of
kaus need. W Vo: blue rose, be
BALI Course bail giouna luOs, 16.o0 ton;
BOs. il 2j; table dairy, 60s, tiu.uo; luu.
bsu.So; bale. 2.7u; lancy table and oairy.
ao.i; lump rocs, s.u.uu ion.
BlkAM CaUlornia, sales by Jobber: Small
White, avc; large wuiie. 14c; pink. ke
lima,' 1 ve; bsyous, lokc; red. 11c. Oregon
aeana. auying price : uue machine cleaned, a 7
ay tie; hand picked. DVke? luc
CANNUU MlluK CaruaUoa. 8 45; Borden
IS.OO; Aster, X6.35; Kaale. 19.00; Ubby
btf.oe: seiouan, eo.uu case.
kviiss wauei, mo in sac or
arums
bUDA CRACKERS Bulk." 18o lb.
NUTtJ Buddeu walnuts, 2b2tt7ke lb: al
Btoaua. lSe 28c; filberts, 20a 1st sack lots;
peanuts, ju., imwa; ill u
Hope, Wool and Hide'
HOPS Nominal. 117 crop, lfia)18o Ih.
. HlUk.3 Halted, 26 lb aad up. 12c; aalted
bulls, au lbs and up, 10c; aalted aad green kip
IB to 24 lbs, 12c; salted and green call up to
IB lbs. 21o; green bides, 26 lbs and op. Be:
gteen stags. 80 tbe and up; be; dry flint, SBc:
dr tUnt calt. up to 7 lbs. 2sc: dnr uii yo-I
dry horse hides, each, 81.23 (a 1.50; aalted horse
hide, each, 88.00 4.00; horsehair, tail, 25c;
Itcraehair. man. 16c; dry long wool pelts, 4Uo:
dry abort wool pelt. 24sv80c; aalted and areea
pelU (April takeoff). 88.00 4.00 each: dre
abeep abosrUnsa. each, 16y80o; aalted sheep
shearlings, each, 25 W 60c; dry goats, long hair.
25e; dry goat slwarUnga. each. 158oe; dry
blicrx nets auaw w", .wev.
wuoh Coarse valley, toe: medium ..11
88c; valley lamb wool. 4 j 50c; astara Ure
eon fleece. 608Be lb.
CHifTIM UU CASCARA BARK. Buying
price tor car lota, 8 V4c
TALLOW No. 1, 14c; No, 2, 12c; grease.
UOHAIR 1817, 40 4980c lb.
" Rape, Palnta. OH
ROPE Slael. dark, 24c; whit. 28 Ha lb;
standard Manila, 82c
UNbKU OIL Maw. bbla, $1.87 gal; kettls
'Ship Your Craam to Ua
WE PAY CASH
Soar Cream, 4 It lb. BaUerfat
1 , SUNSET CREAMERY
281 FIRST 8TRCIT
Crop Condition
Generally Good in
! The Northwest
Report of the grain crop of the Paclflo
NortnweU were highly satisfactory for th
wsek. Practically a,-y district reported
oood conditions, although him sections In
dicated that warmer weather would be wel
come. Baring work, whll nearly completed. Is
till under way In torn sections with con
tinued liberal sowing of wheat. Oats acreage
I being greatly Increased In practically
every growing section.
Fruit crop ' appear to base been less
damaged then first report would hee In
dicated, although this Is condition not
out ef the usual.
Boring vegetable ere making their ap
pearance from some ef the earlier Paclflo
Northwest points.
Easier Prices in
Coarse Grain List
! Are Now Shown
Values Depressed In the East
This Quickly Arfects North
west Trade
and
Kesiet and lower grain price were general
during the week at practically all American
centers, : Oats values slid to a lower point
with much weakness in the. east. On th Port'
land Merchant' Exchange the trade followed
the lead of the eastern declines.
While barley was unquoted on the Portland
exchange during the week, the feeling in the
trade was toward a lower price range. Cali
fornia was offering barley rather freely and
stocks there seem to be adequate to take care
of immediate wants of the coast trade. This
therefore left Northwest operator independent
of tbelr horn supplies. There is mora barley
left in 1 the Pacific Northwest unsold at this
tu than bad been generally expected. These
stocks were being held for more than the market
has afforded. The higher that barley prices
went, the higher prices the holder tasked. They
have been all through the season getting from
81 to 85 a ton above what dealers could pay.
Now that the trade can get its wants elsewhere
it appears to be taking some revenge on these
holders. :
Oat and barley flour is being affected by the
lower coarse grain prices and further declines
in prices In addition to those forced during
the week are expected.
Very liberal receipts of hay were
locally but there was a good demand
tames and stock did not accumulate,
iu general held about unchanged.
shown
at all
Prices
. v. vranoiifi, recently appointea cnairm
of the milling division of the food administ
J. Vf. Canons, recently appointed chairman
ra
tion for the I'acific Northwest. Is moving the
offices to the fifth floor of the Wilcox build
in gin order to facilitate the work. Since
Oanong : ha taken car of th office th trade
is finding leas occasion to complain.
It was decided at the conference of the grain
committee that Messrs. Westgate. Leach and
Cohn were to represent the Portland Merchants
Kxchange at the meeting of grain men in New
York on April 80.
FLOUU Helling price: Patent. 810.00; bar
ley floar, 818.00 ft IS 50; Willamette valley.
I". 60; local vtraight. 80.80; baker' local, 8.0
10.00; Montana spring wheat, patent, 810.00
010.80; whole wheat, 80.00; graham, 88.40;
rye flour. 818.60; oat flour, 813.004 18.26 bbL
HAY Buying price, wew crop: Willamette
timothy fancy, 82(1.00 ton; Eastern Oregon
Washington, fancy timothy, 830 00; alfalfa.
824.00: valley vetch, ( ) j cheat, 828.00;
clover. 820.00 ton: grain, 825.00 & 26.00.
CHAIN SACKS Nominal. No. 1 Calcutta.
24 V (3 25c in car lots; less amounts higher.
MIlXSTOnrS Bran, 830.00 80.30 ; short.
832.00 IS 82.60; middling. 839.00 89.50 ton.
ROLLED OATS Per bbl., 812 50 18.00.
HOLI-KUi BARLEY Per ton, 677 9 78.
CORN Whole, 878; cracked. 878 ton.
Merchants Exchange April bid:
OATS
8a.t. Frt Thur. Wed. Tues. Mon.
1918. 1917. 1918
65.50 49.75 65.00 06.00 66.50 66.50 67.60
Thirty-day delivery was quoted:
Ost No. 2 feed, 865.50.
Eastern oats and corn In bulk:
Osts No. 3 white, 860.50; No. 88 clipped
wmte, eoi.uu.
Corn No. 3 yellow, 868.00;. No. 3 white.
au.su.
Wool Trade Needs
Supply, but Stocks
: Held for Nation
Boston. Mass., April 20. Sensational fea
tures have not been lacking in the local wool
situation of late. Yet most of tbe trade got a
genuine surprise when Frank B. Windier, in
charge of the Australian auctions, announced
the indefinite postponement of the aales schedule
for April 17 and 18.
Many mill buyers were in Boston oa the
first three days of this week. They and the
dealera were showing much interest in the of
fering' far the two sale. These must wait
until the policy of the government regarding
the offrr of April 5 ha been indicated. This
announcement is expected the first oflhe week.
Trading here and in the west is entirely. lacking
as far a Boston dealer are concerned.
Some houtes feel as thoueh a sneelal rTTrrT-
ship nad been inflicted by the resolution cutting
them off from buying in tbe west. Srjecial
point ia given to this matter by the fact that
1'biladelphi has not agreed to follow the lead
of Boston and stop all buying or selling of both
foreign and domestic wool. Leadine dealers
in New? York, Chicago, St. Loui and-San Fran
cisco have announced their adhesion to the Bos
ton plan, it remain for Philadelphia alone to
hold back from wholehearted and loyal co
operation with th government in this matter.
icrcelpts lor the week were: Ikanmtir-
2,828,780 pounds: foreign, 364.877 pounds.
New Regulations
On Fruit Sales Are
Given by Hoover
In a apeclal communiratirin nimfln. inAni!
rule and regulations governing licenses engaged
in i to- ousinea 01 preparing or packing dried
peaches, dried apples, dried prune or dried
raisins. Food Administrator Hoover submits:
Rule One The licensee shall not offer for
sale, or have outstanding any contract of sale
or any commitment, of new crop fruits prior
to My 1 of the year in which said new crop
fruits are to be grown and packed. A. com
mitment shall include all tentative or condi
tional orders whether definite price are named
or not-
, K"i Tw?'th" Mcensee on And after May
1. 1918, aball not face or cause to be faced
aay licensed dried fruits in any package con
taining over 10 pounds net Such facing will
be regarded a a wasteful practice.
Rule Three The licensee shall sell his rjro-
aucis 1 or not more than a tu..ku ..-.
over t! cost of said product, and without re-
V" or replacement value at tbe time
of said aale.
Rule rour- Licensees quoting dried fruit
for shipment in Carload lots shall mail promptly
jo ioe imea rruits Ui vision of the United
State Food Administration. Washington. D. C .
all price lists and circulars relating to prices on
dned peaches, apples, prunes, or rairina.
boiled, bbls. 81.89; raw, cases, 81.77: ballad
cases. 81.79 gal; lota of 250 1. lei.
COAL OIL Water white la drums or m.
bbls, loo gal: cases. 20o gal ,
UABOLLNfc Iron bbi.21e; ease. Slot .
gute distillatJ. iron bbls. 18c; easeaTaaa '
WMII!.LrAU-'iel iota. 12olbr600 lbs
TURPENTINE Tank. 65e; cases, 7Se: 10
case lots, le leas.
WUtkl NAILS Basio price. 85.36-
';.'( - - m
' t I ' ' ' - '-
1 8a FraneUco Grain. Market
Sab Francisco, April.- SO.- (U. P.) Cash
grain:
Barley Par cental feed. 33.55 a) 8.60.
Oat Per cental, red feed, 83.253.40. '
WEARY GERMANS ARE
AID TO STOCK LIST
New York Market Prices Advance
Substantially for the Day Rubber
and Industrial Shares Score Best
Railroad Group . Is Mixed.
New Tork." April 20. U. P.) The New
York Evening Bun financial review today ears:
"Under th influence lot accumulating indi
cation at Uermaa wea rinses, price ia today'
short session of the stock market again advanced
substantially, although trading waa restricted.
Gain of a point or aa war general la th in
dustrial list. . afovsmenU in tbe railroad de
partment were mixed when there waa any move
ment at all. The rubber group (bowed pro
nounced atrength, Ooodrkb and Called State
Kubber each adding 3 points to the Friday
closing lvl. V. S. Industrial Alcohol, National
Conduit, Ueneral Motors, Hallway Steel Springs,
Hloss-Sbef field and tana or twa other wer
strong spots. '
"la tea second hour trading expanded meas
urably and price moved forward with eonslder
aula abow of vigor. Th equipment and sugar
stock were especially ia brisk demand and th
steel there were not far behind.
Range of New Tork prices furnished by Over-
beck C00X Co., 210-217 Board 01
si
Trade
tmiimng
IN CLOSING SESSION
DESCRIPTION Opeal High I Lew Bid
Alaska tiold i 14k TS Tit
A His Chalmers. -e... 25 Vt 25 H 26 35
Am. Beet Sugar... 72 74 Vi 72 74
Am. Can. e 48 45 48 44
Am. Car F.. c. ... 79 79 79 79
Am, Cotton Oil. 0 88
Am. Linseed, c. .. . 88 88 88 88
Am. Locomot. a... 65 66 84 68
Am. Smelter, c. . . 78 78 78 78
Am. Sugar, e 103 106 108 108
Am. Tel. at TeL... 100 100 100 100
Am. Woolen, e. ... 62 68 62 58
Anaconda M. Co. . . 88 64 63 64
Atchison, e. 84
Baldwin Loco., c... 80 82 80 81
bait. Ohio, c .. 61 61 61 61
Reth. Steel. B 79 80 79 79
Btook. Rap. Tr. . . . 89 41 39 41
Butte et Sup 20 20 20 20
CaL Petroleum, c. . 17 )7 17 17
Canadian Pacific... 138 189 188 139
Cent. Leather, c. . . 88 69 68 68
Ches. V O , 66
C. II. at. P 88 38 88 88
t'hino Copper 41 - 41 41 41
Colo. F. et I. e... 89 40 89 89
Corn Products, e. . . 87 87 87 87
Crucible Steel, a. . . 64 68 64 66
1). a H; (J., o 8
Distiller 47 47 4T 47
Erie, a : 14
General Electric ... 142 148 142 142
Oeneral Motor ... 122 128 123 122
Goodrich Rubber .. 44 47 44 46
(it. Nor. Ore Lands. I 28 29 28 2U
l.t Nor., pfd. ... 89 89 89 88
Ureene Can 43 48 43 42
Hide tc Leather, c. 13 18 IS 13
Ice Securities 25 23 26 25
Illinois Central 95
Industrial Aloohol . 125 126 124 126.7k
Inspiration 48 49 48 49
Int. Mer. Marine... J 25 23 24 24
Kennecott Copper. j 32 82 82 82
Lackawanna Steel.. .80 82 TO 81
L. sV N 112 112 112 111
Maxwell Motors, o 28
Mex. Petroleum... 5 93 95 95
Miami Copper 28 28 28 28
Midvale Steel 46 46 46 46
M.. K. T.. c. . . 4 4 4 4
Missouri Pacific... 21 21 21 21
National Lead.... 58 58 58 58
Nevada Cons 19 19 19 19
New Haven 27
N. Y. Air Brake.. 126 125 125 124
N. Y. Central.... 60 69 69 69
N. Y., Ont. W.. 19 19 19 19
Norfolk at W.. c. . 104 104 104 104
Northern Pacific. 84 r84 84 83
Pacific Mail 82 82 82 82
Penn. Railway.... 44 -44 48 48
Peoplea Gas 42 42 42 42
Plttsbusg Coal. e. . 58 64 63 58
P. Steel Car, o.... 68 69 67 68
Ray Con Copper. . 24 24 24 24
Ry Steel Spring.. 54 66 54 66
Reading, c 80 81 80 80
Rep. I. It 8.. e... 2 84 82 84
Rock Mand 19 19 19 19
Hears, Roebuck Co 148
Shattuck 16
Studebaker, c 38 39 88 88
Sonthern Pacific... 83 83 83 83
Southern Ry.. e. . . 21 21 20 20
Tennessee Copper.. 17 17 17 17
Texas Oil 147 147 147 147
Tobacco Product.. 65 65 64 64
Union Pacific, c... 120 120 120 119
U. H. Rubber, a.. 65 . 68 66 67
U. S. Steel, o 93 96 94 96
Utah Copper 80 80 80 60
Virginia Chem.. e. 48 48 43 42
Wabash 7 .7 7 7
W. U. Telegraph.. 94 64 84 93
Westlnghouse Eleo. 40 41 40 j 41
Willy Overland... 17 17 17 17
Woolworth 1L2 l!2 112 112
Total sales, 292,000 shares.
h York Bond Market
Bid Ask
80 81
78 77
89 90
78 ' 80
02 H 93
82 H
80 H 83
88 H 84..
18 19
79 H 80
81H 814
884 86
96 H 964
784 79
91 H 92
76 79
88 89 H
79 794
81 82 i
Atchison Genl. 4
Bal. A Ohio Gold 4s. . .
Beth. Steel Ref. 6s
Cent. I'acific 1st 4s....
C B. A Q. Col. 4s
St. Paul inl. 4 s
Chicago N. W. GenL 4.
L. A N. Uni. 4s
New York Ry. 5. . .
Northern Pac P. L. 4s. .
Reading Genl. 4
Union Pee. 1st 4
U. 8. Steel 5
Union Pac. 1st Ref. 6s. . .
Southern Pac. Conv. 5s.
Southern Pac. Conv. 4. . .
Pinna. 1st 4H
Ches. A Ohio Conv. 6. .
Ore. Short Line 4s
Foreign Bond Market
Bid. Ask.
. 90 004
.99 99 H
9a 97
. 98 99 H
.93 93 H
. 96 H 96U
.120 185
4 85
. 87 88
. S3 87
. 80 85
. 94 96
. 84 98
. 90 92
. 92 94
.95 96 tt
. 89tt a-l"
934 984
A. F. 61 Oct.. 1920
V. K. Oa Sept. 1U1S . . .
U. K. 6 H Nov.. 1919 .
U. K.9M Feb., 1919 .
U. K. SttsNov., 1921 .
A. h Sec. 5 Aug., 1919
Rep. Franc 5. 1931 . .
Paris 6s Oct.. 1921 ...
Marseilles 6s Nov., 1919
Russia Extn. B H a 1 92 1
Russian Intl. 5 Ha 1926
Dom. 6s Apil 1021 ....
llom. as April 1921 ...
Dom. 5s April 1931 ...
Dom. 5s April 1926 ...
Argentine s May 1920 .
Dom. Can. 6 1987 ...
French 6 Vi 19L9 ....
Monty and Exchange
New Tork. April 20. (I. N. 8.) Sterling
exchange was steady with business in bankers'
bills at 34.76 for demand, 84.78 for 60 da
bills and 34.71 for 90 day bills.
SUver New lork, 974c; London, 46ttd.
New Tork Bank' Statamcat
New Tork. April 20. (L If. S.) Bank state
ment: Average Loan, increase, 3129,701.000:
demand, aepoalts, increase, 814.418,000; time
deposits, decrease, 3463,000; reserve, increase.
Actual ixns, increase, 327,197,000: de-
mana, aepoaua, oecrease, il.SOW,O0O; time de
posits, aecrease, 81.806.000; reserve, decrease.
COTTOX MARKET FIRMER
AND HIGHER AT START
New Tork. April 20. (t N. 8.) The cotton
market bad a firm opening today, with prices
7 to 28 points higher on coM weather la the
southwest and the probability that no cotton
price fixing will be attempted In congress. At
we n oi ine imi is minutes prices were about
v points nigner man last night close.
Attentat period ot realising and new buying
eauaea an irregular msrlrt in the late forannnn
The close waa steady at a net advance ot 46 to
54 points.
Month
January . .
March
May
Jury
October . .
December
Open.
2718
"High.
2754
Low.
2710
Close.
2748
-ms
2928
S880
2840
2740
2717
3980
2900
2800
2769
S880
2340
2740
2717
2882
2788
27S7
EGGS Fancy in standard case, from
trrowera, only Ic oar dosen.
HOGS Fancy medium. 222ittc per lb.
xiKjirs zoc per id.
HEAVT VEAL ll15c per lb.
LIGHT TEAL No. 1. 1718e per lb.
I nr. aAVllNAK I III.. Inr.
. - - - - - - - j
18 FROVT ST.
"fO XTOHMISSIOX CHARGED
WOOL TRADE
WANTS
TO KNOW
FLEECE
Market Would Be Able to Resume ia
Old Channel If Government Would
Tells How Mueh and What Quality
Stock It Needs for Requirements
Thai trade has been entirely demoralised and
that some Interest will suffer as a result of th
government's action in tying up all American
fleece, ia th opinion expressed by some.
Portland ia on et th leading wool warehvus
marketing center of th country and ia eery
anxious to aid th government in its work of
securing sufficient stock of fleece to cloth th
armed forces. .
Much good would be dona and let injury
worked among th general trade if the govern
ment department would tell what they want and
how mueh of it they propose to take. It would
also be lllttBslnaUna If expression could be given
whea thee atock would be required and what
the price would be.
At thl time there are many grower holding
wool at Paeifie Northwest point who are anxious
to aid the government, but are unable to do so
because it cannot be ascertained whether any,
er if all of these supplies will b taken over by
th author! tie.
The trade would b able to continue la Ha
normal channel if this could be dona. It I im
possible at this time to ship wool from tha Pa
eifln Northwest to manufactarers unless it can
he shewn that the Intended supplies are for he
us of manufacturers and for government order.
Thla haa, p bleed an effective brake upon prac
tically all operation. .
That Portland should ha tha distributing and
ambling center for wool from this section, is
agreed. Upward oL- 60.000,000 pemad of wool
are annually produced ia the territory tributary
to Portland, which will come to thi city at lea
expense thaa to other citia of the coast, pro
viding tha government want these (uppllea
brought her for reshipment.
Foreign Weal Market Firmer
Much (trength ia shown in th wool trad at
all foreign centers with price well maintained
at all point, and in some Instances advance are
shown. South American wool Is is in th
strongest position known.
A mall advice from Bradford. England, says:
Wba th wool department at tha beginning of
thla month increased the price of tope fol
civilian purposes it was expressly stated that the
schedule of issue prices for wool would remai.
unaltered. It ia now announced that thla state'
meht refers only to wools tor the civilian trade,
and that wher pinnn require wools of a par
ticular character for their own combing for civ
ilian purposes, the issue prices will necessarily
be proportionate to tbe revised issue prices for
tops, having regard to the special character of
the wool.
No one can grumble at being charged more
for wool of a higher quality than the average
of that of which tops are now being made, but
grumbling will certainly be Justified if for these
average aorta the Intention is to charge more, for
the reason given for increasing the price of tops
was that they have not to be made of inferior
wool, which Involves a higher conversion ecet.
Any increase of conversion cost arising from
the use of Interior raw material must affect th
pinner who doea hi own combing aa much as it
atfecta tbe department; consequently it will go
bard with the spinner, if he has to pay a higher
price for Inferior wool and to bear the loss
represented by increased conversion cost aa welL
The procedure of the department in thla matter
will be watched with interest.
WOOL SHORTAGE IS ACUTE
SATS RECOGNIZED AUTHORITY
This is what th Dry Goods Economist, a
recognized authority in its field, has to aay as to
the condition in textile and allied lines:
'"The sudden stoppage of trading In wool in
the Boston, Philadelphia and New Tork market
and th prospect that the production of wool
fabrics of all grades for commercial purposes will
be halted until August or later, have formed the
principal topic of discussion in dry goods circle
thla week.
"Stock taking is the order of the day. It la
not, however, the ordinary annual or semi-annual
event, but rather an effort to ascertain the ex
tent to which the needs of dry good and de
partment stores for wool fabric and for garments
made thereof can be met. That prices will
undergo an upward revision seem assured.
The demand for cotton and silk dress fabrics
will be increased in proportion as tbe shortage
of woolen fabric develop. To what extent cot
ton dress goods can take the place of woolen
and worsted fabric ia likely to be demonstrated
next winter if the supply of raw cotton proves
equal to the demand. Prices of cotton goods
will probably be stiffened aa a consequence of th
increased call now looked for. Spot cotton waa
quoted on Wednesday at 35 cente per pound, a
decline of 1 cent from the high price reached
last week."
First Gains Are
Lost Later on the
Chicago Market
Chicago, April 20. Good buying at the out
set advanced grain future price on the hoard
of trade today, but sellers on the advance caused
price te fall by tbe noon doling.
May corn opened up at 81.27 tt and cloaed
at that figure. June corn opened late at
81.464. up Sc. but lost 4c br the close
July corn opened up 1 tt c and closed unchanged
at 31.464.
April cats opened at 88c, up 4e, hut waa
inactive tbe rest of tha abort session. May
oats openea up c at 83ttc. but lost thi
gain before the close. June pats was up ttc.
on a late opening at SO He. and lost He
later. juiy oats openea at 74e, up -n e, but
suosequenuy jost inis gain.
Provisions were lower. .
Chicago rang by United Press:
COKM
Open.
High.
Low.
1.27
146 tt
1.45
Close.
$ 1.27 tt
1.4 tt
1.464
.88
.88 tt
.80 tt
.78
47.30
24.90
2320
23.02
28.62
Msy. 3 1.27 tt
$ 127 tt I
1 484
1474
OATS
June. 1.46 tt
July.
1.454
April,
May.
June,
July.
.88 tt
.Mitt
.74
.98 tt
.80
.74 tt
PORK
47.60
LARD
26.20
25.47
RIBS
23.85
23.87
.62
.60
744
47.20
24.87
25.16
23.02
28.50
May. 47.30
May.
July.
26.20
.23.42
23.32.
28.85.
May.
July.
PACIFIC COAST BAAK STATEJLEJJT
Portland Banks
Tbi Week. Tear Are.
CI
Monday
8 4.938.813.09 $ 4.842.911.29
Tuesda? . .
e.vn.uuu.za S.588.889.01
Wednesday
4.140.094.09 S-.023.608.66
8.650,190.40 2,684.807.88
Thursday . .
Friday
,l,au.!l 2.848.633.48
Saturday
8. 119.827.40 2.487,722.38
23.670.202.68 19.821.491.49
W eek . . .
pekane Banks
Clearing
Balance
Clearing
Balance
Clearing
Balanoe .
Clearing
Clearings
91.281.206.00
294.972.00
laooma aank
857.081.00
97.156.00
Seattle Bank
. .86.840,631.00
- 1.088,878.00
wan rrancrtce Bank
.819.632.282.00
Las a. agate Bank
8 4.257.886.00
STOCKERS AXD FEEDERS
SHOW A GREATER DEMAND
Following good rain throughout Central and
Eastern Texas-the stock er end feeder market at
Fort Worthrbas strengthened slightly, although
the improvement i not aa marked as yard
traders anticipate It will be la a few dare. Thm
haa net been a great' deal of Ufa in tha etoeker
and feeder trad her for several weeks, doe te
the dry weather and naturally the raine are ex
pected to Increase th demand that recently ha
laaen oniy we oener gnaee wnicn hare been
can. Receipt of all kind ef stoekera Ha m
been comparatively light, hat awing to tha Ha
lted demand for the poorer grades th supply has
been adeauate. Aome dealera aris Ik. -. - -
iT.'T "... tt, . ,
country, ami nine:
Ivuaiiuj, .m nmi m'w n wia- vpinraai I DSC many
tarda et tola cattle will be marketed ia the bop
of meeting a better demand aad higher prices.
REGARDING
DISPOSITION
More Sheep Is Vital Need of
Entire World; Prof its Big
Hog Sales Are
Made; Money for
The Red Cross
Omaha, New.. A aril 80. Praetlcaltr 8T0.
00O realised from ear let sales ef haa aa thl
. market sine lata In Fstx-uary haa bean turned
ever la th laaal ahaptar of tha te or
seelety In tha communities tram wtiloh tha
bee war contributed, linear a pair telle
eaeweratlve plan wheh haa been give) tha
active aaoaaragemant af the Omaha Lhrestec. 1
defiant an) ether interests here, and whlen,
haa received th enthusiastic urt af level
farmer In many leealltie wandrae af hag
have been leasts af tar tha benefit af tha
Red Ore organ Ixat lea. O mm is ten firm
have waived their faae far telling
It her te aacktri er trter buyer have hrwught
ling eteek, and aa a rut hew whea
a premium ever prevailing market price. Srv
era! eammufvHlee have made mere than an
eartet aentrloutlaa, and tha desire af ether
te win a place aa the rail af hener l brfne
wg aubetantiaf addition to tha war fund every
Government May
Be Asked to Stop
v Hogs Trom East
Action of Seattle Packers in Brlngiag
South Dakojjh Stock Does Not
Help Here.
PORTLAND LIT ES TOOK RUN
Hogs. Cattle. Calves. Sheep.
8400 1078 44 2084
2938 1708 48 994
8100 1714 62 720
4446 2265 44 2816
4888 1600 108 1778
6306 1248 68 1181
2214 1014 84 2773
8353 1786 86 2814
1946 1919 88 1699
This week
Last week
Previous week . . .
Month ago
Tear ago . .'
Two year ago. .
Three years ago.
Four years ago. .
Five year ago. . .
Jurt how Seattle pecker are able to secure
live hog from th middl west aad packers of
me lemiory east or the Rockies are now al
iowcu w snip proviaiona to tne west. la a mys
tery in the trade.
Seattle packers have been urarlsi liu. In
South Dakota and at other similar points for
tome time, si though, it proper encouragement
waa given, aufficient Vogs for all needs could te
secured right -here at Portland, which 1 the
marketing center for the racitle Northwest.
Some time ago eastern packer who did not
have coast connections were forced to close their
branches on the Pacific Coast because of the
efforts of the government to avoid rail hauls,
when the home territory could supply th wsnts.'
It take far more motive power to move hogs
than the finished product and for that reason it
is believed that some aetlon will soon be taken
to force the Seattle Deckers to natmniaa th
Pacific Northwest hog raiser more extensively by
abutting eft the eastern supplies.
Swln Mar-set I Firmer
At th advance forced at the atart of th
week, hog held firm at 817.78 for top at North
Portland. There waa a moderate supply available
during the week with the exception of the usual
big day on Monday. Then the total were tar
below bnose of any recent week atart.
Hog were erratic, being firm and weak, lower
and higher by turns in the eastern trade, but the
ultimate destination of price seems '.- be to
ward a higher point. '
General bog market range:
Prime light 817.68 917.75
Prima heavy 17. 609 17.65
Ps 15.00916.00
Advanoad Cattle Market
Market for cattle showed edveneee of 15e to
25c for the week at North Portland. Sale were
made at the start of the week on the basis of
312.25 for top stuff, but real top are unavail
able at the moment, although tome rather good
stuff remains in the territory.
Cattle holders are asking a still greater ad
vance since the meatleae daya wer dropped tem
porarily by the government. Thl created a
greater demand for the offering- nd Drleea
naturally took tha higher trend.
ueneral cattle market ranea:
Good to choice steers 812.00
111.16
1 12 00
10.00
Medium to good iteer 11 ?t
Common to good steers. 9.66
Choice cow and heifer 10.00
H1.00
Common to good cows and baiter 6.00 9 9.60
Cannot . ... 8.00 9 8.00
ni" v 6.60 9 9.60
Calves 7.60 2 11.00
Stocker and feeder steer 6.60 9 9.89
Mutton Market Strang
Few mutton or lambs entered the North Port
land yard ftr the open market during the week.
Bui of tne supplies, aa heretofore, cam direct
tj killer from their own feedlot and this
naturally left them in a position where- they
placed their utmost support to the market. I a
general there was practically no change ia
prices for tbe week.
General ah ecu and lamb ranee :
Bpring lambs .8 SO OO
Western yearling 13.21918.60
Valley ycarlinca 16.25 tttaa
Wether 13.00 W 13.60
Ewes 12.00 912.80
Shorn sheep. 2V9Se below quotations.
AMERICAN LIVESTOCK PRICES
- Chicago Hogt 317.90
Chicago, III.. April 20. (L V B.i Hoes:
Receipts, 15.000; slow and higher. Mixed and
butchers. 317.06 1 7.86 ; good heavy. 816 25
17.50: rouab heavy. 816.26 n 16. al: ii.ht
317.28 17.00; pigs. 318.26 17.23; bulk.
317.20 y 17.25.
Cattle HeceiDta. 2600: weak. Rama
$11 00 $17. 25: cows and heifer. 87.60 at
13.90: stackers tnd feeders. 68.40a 12.7&:
carve. 89.00 f 14.76.
Sheep Receipts, 0000: tsarlet steady. Na
tive and western. 818.26 17.50: lambs.
816.30 21.80.
Omaha Hogs 817.10
Omaha. Neb.. April 20. (L N. 8.) Hoes:
Receipts. 9000; steady. Top, 317.10: range.
818.500 17.10: mixed. 81.70w 17.00: anorf
choice. 818.80(g) 16.80; rough, 816-50 S 16.65 ;
light, 316.90$ 17.10.- bulk, 816.76 ff 17 00;
pigs. 312.00 15.00.
Cattle Receipt. 1S00; teady. Beeves.
311.60917.00; eowt end heifers, 37.60
18.60; stockrrt ana leeaers. 89.60 e 12.60 :
calves. 39.00 & 18.00.
Sheep Receipts. 100: Stead r. TVetbm.
314.50 916.00; yearlings. $15 25 17 Ot).
lamb. 82060et21&0; ewe, 31 160 t 16.50.
Kansas Olty Hag 81730
Kansas City. April 20. (L ". 8.) Cattle
Receipts. 800. No trade.
Hog Receipt. 600: (teady. All sold around
$17. Sow iT.au.
Sheep one.
Denver He, 317.38
Denver. Pol.. April 20. IU. P.) Cattle
Receipts, aov; 10 to loa sower. Steer. 816
fecln.80: eow and heifer. 87.26 of 18: atack-
srs aad feeders, 39.004 14.50; calves. 810
le.za.
Hogs Receipts. 800; teady. Top. 81T.SB:
bulk. 817.16 017.30.
Sheep Receipts, 500; 15e to 26a his bar.
Lambs, 320.80 (ft 21; ewes. S1303L6.
settle Megs, 317.88
Seattle. Wash., April 20. (L N. 8 1 Hon
Receipts, 87; steady. Prima Ughta, 817.76 v
17. a&; medium to choice, 617. 60 17.60;
rough heavie. 818.50 3 16.86; pigs. 316.6030 k
1S.S9,
Cattle Receipt, on: steady. Beet steer.
$11.00 12.50; medium to- choice, 810.80 y
11.60; common to medium, 87. 0099. 00; beet
cow, tf OU iv.ii; meainm eowa, 86.694
8.60; bulls, 88.00 0 9.50; calves. $6.00 12.00.
Bneep neceipta. none.
DA1BT PBODUCE OH THE COAST
Ban rranoiseo Market
Ban Frsaeisco, Cel.. April 20.
,)., Vvfrma 40 We.
(0. P.)
Exes Kxtraa. 40c: fxtra firsta. 40c: finta
8 He; extra pullets, 88 He; extra fust pullet.
87c. . -
Cheese California fancy flats. 28a.
Oregon On in Mi SevUI
. San Francisco, April 20. (I. N. 8.) Ore
gon cheese Xoong America, 26 He; triplets,
26&
Le Angete Mark at
Lea Angela. Apru 20. Butter, California
creamery ex tree, 8 no.
Egga Extra. 4Ve. case count, ate; pullets.
3c
Seattle Barley Marl el
Seattle. April 20. No. 2 feed barley. 867;
40 lb. barley. $63. Receipt, wheat, 87 care;
barley. 8 cars. :
SU Loals Metal Market
Y St. Loui. april 20. iL tt. A) Lead. Quiet,
$6.70 and 66.90. . .
Bpeltef. dulL 36.63 H. , -
- Edited by
Hyman H. Cohen
Great Shortage ef Offerings Noted
and Wool Supply Is Far
From Being Adequate.
Mora sheep it the vital Bead of tha world, knd
those that new get, ia net the ground floor er
Us sly to reap torn baadsom profit during tha
r.ext few year at bast.
little etgnrt haa bean made to induce a greater
Increase In tha holding ef aheap at Pacific
Ncrthwast points, aside perhapa from twa or three
Interest. There are several bank located ia tha
three states that are alive to this great apaor
runtty te gather in profits aa well aa furnish tha
world with materials for clothing- aad for feed.
Other bankers hare either tailed te keep abreast
ef the tiasee aa regard te thkt great need of the
people, or 1 hare found a pate where a brieves
war profit oaa be aqaaeaed fro the pmblic
There it no doubting that tha average wanker
of the 'Paeifie Northwest haa forgotten his duty
In thla regard.
In tha east and ia the middle west th bankers,
who are generally considered more conserve ttv.
have grasped tha opportunity to aid their people
a well aa Increase their deposits, by backing tba
tor abeep, a or wool campaign.
Goat appli hnuld also be increased becawse
the opportunities were never better than at that
time. Foreign countries are seeking te increase
their holdings, hut It jslll take many years
place the supply of sheep and (oats upon a scale
where the supply will evtlal tha demand.
Brexll Kneauraa Measure
Th president of BraaiL by decree, haa adopted
certain important measure to increase aad en
courage the rsiaing at sheep and goats la BraaiL
Tha decree (late that aaimeta for breeding
purpose are much needed: that tha raising ef
sleep will more easily meet tha demand ot the
meat consuming markets, m that mutton is avail
able in a shorter time thaa beef; that tha rais
ing of sheep on an exteneive scale will help te
support th new bat constantly growing meat
packing industry: that the diminution ot tbe
stock of sheep ia already observable and that
breeding la not keeping pace with the demaadt
ot tba country, and that the d emends for exporta
tion may soon further tend te diminish the sup
ply; that with th recent Impulse given to th
textile Industry la th country a greater supply at
wool will soon be needed from the demestte mar
ket to obviate tba necessity of importations whea
supplying markets are besieged with buyers; that
the northeastern part ot the eountry tt especially
adapted to goat raising, which Industry will fur-
nlah a very marketable commodity by Increasing
the output of goatskins; tbat goat meat will re
lieve the sections ef the north that are frequently
vtstted by long periods of drought.
In view of these conditions, the federal govern
ment will assist th several stats of th republic,
the municipalities, the agricultural aocietl and
experimental stations that have Qualified for this
purpose. In the following ways
The government is to nay one third the cost.
pin freight, of sheen and aoats imsorted from
foreign countries for breeding purposes, not to
lcred 25 need of each eel for eech breeder.
To pay tbe aura of 16 milrei (about 83 78
In American currency) for each animal Imported
into toe country and for transportation within
the country of crossbred sheep up to 1000 heed.
ine number of animals exceeding that men
ticned in paragraph (1) will be entitled to the
rnvilegee of paragraph (2) up to 1000 bead.
American Animal Wanted
In order to obtain these favor from th gov
ernment, breeders shall be obliged to Drove: til
Tbtt they posse at least on hectare of land for
every four animal; (2) that th lands be dry
and of a tillca-argil kind; (3) tbst the pasture
be cleared and contain no thorny plants which
might injure tit crop of wool; (4) that an
abundance of suitable fodder b available: (6)
tbat pure running water also be available for tbe
srlmals; (6) that the climate in the particular
lecality be dry and temperate; (7) that the
breeders possess corrals, hsv ample facilities for
dipping sheen, and for ellDolne the eroo: (
that the sanitary law be observed in importation
anaer vni decree, the minimum g limit of Ira
ported animals being 1 tt years and the maxi
mam s year.
American breeders and firm In a poalUon to
suppiy animal tor Brazilian breeders should
write to tbe Hociedade Nacional de Agricultural
(National Society of Agriculture). Rue Primeiro
de Marco 15. Rio de Janeiro, submitting com
plete details, as well as prices, for distribution by
society, wnien naa indicated Its interest in
receiving sucb information. Banking reference
suouia in au cases oe given.
Number af Sheep end 0t m Brazil
Th following data have lust been furnished
by the ministry of agriculture on the number ef
sheep and goats in Braxil. The meat recent
estimate that of 1912 indicate that In that
year there were 10,4 80.870 abeep is the coun
try, wnicn numner in mis was reduced to
or these about 4,000.000 were in
ins state ot km urande do 8uL The most fa
foiea oreeat imported for crossing are Ram.
acuillet. Lincoln. Romaey-March, Camoise. Bhrop-
shire and Southdown.
The number of goau in Braail ia only exceeded
In British India and South Africa. The states of
Ceara. Rio Urande do Norte. Alsgoes. Parahyba
Pernambuco. and Banal are tbe largest exporters
of goatskins, the shipments from these states
ovuig as iouows auntie 1913: Bahai. 561.045
v-srs, t.i.ooi guoa; Pemambuco, 294
eua xuos; Alsgue. B43. 611 kilos; Rio Grande
'"". seo.eu suae; Parahyba, 261,336
pate and Imports ef Waefane
In twite of th fact that om wool ia exported
tlX do !'V0,1,
teria which are constantly increasing their pro-
L, : ,or textue laa-
uucuon. in following figures Indicate th
Quantities of raw wool shinned ibms n i
Curing tbe years 1912 te luta- iai- i uw
ea? Kilos: ibis. 1.287.680 kilos; 1814.1 L10 -
it. iXZ1 ltls- kUo4; i";-
ii.il: idf njts rVo1
i-i4.; ..&oV.i &
POTATOES ALL ALOXQ THE COAST
Ban rraneisen Market
nan rrmncueo. Anni in tr .. .
P. cental ( repacked) brown or y.UowTT T5'
agY JSckd,nron Burbank. 90e
VilUt; -northern netted Uema. 81.60 166
La Angeles Martlet
BurSnkaO
. - , awceta, 1 . o V rag.
Cklcago Dairy Prodaee
uKago. npru ;u. ( 1. . 8 ) Batter-
nin. iniu ... w Doner.
nicago. npru id. ( I. N. S ) Butter-
ipts, 6040 tubs. Creamery extra Vac:
i 8840c: puking stock 38e89r.
"Tr:!P-U- - Current ra
lints
Kl
ceipu, sugyse: ordinary firsts, aiteaslle-
- . .
Saa Fraarltco Import List
i "taci00- 30 Included in foreign
imports this week were: Been. 47 Its . "
rice. 26.0O2 bags; burlap and guaail. f
bale; hemp. l&OO bale. ' -"
LIBERTY BOND SALES
Liberty bund Bold ia New Xork:
. M ai late
Monday 898.9 896. 30
Tuesday 99.99 96 84
Wednesday 98.92 96.14
Thursday 98.90 06.34
Friday . . ua 46
Satarday . . - 98.90 96.68
2d 4a
396.40
96.32
90.2O
96.38
9S S4
96.72
Overbeck &
Cooke Co.
Stocks Bonds
Cotton, Grain, Etc.
DIRECT PRIVATE
WIRES TO ALL
) EXCHANGES
Members Chicago Board of Trad
'Correspondents of Logaa as Bryan
Chicago, New York ,
I18-S17 Beard off Trade BalMtar
FINANCE,
INDUSTRY
Baak CaaarM la Tale, Or. A- W.
Hod waa recently appointed cashier of
tha First National Bank of Vale, Or.,
taking the placa mad vacant br the
restisrnatioti of-Charle B. Flynn. W. F.
Baaaer of the United ritatea National
bank of Vale has been advanced to the
post of aasiatant caahler.
Iarage la Earalafa ef the T. R-, L
1. Ce The financial report of the
1 "or t land Railway. U(ht 4V Power com
pany for the month ending; March 11
ahown an appreciable sain in net earn
ing; over the name month of 1117. Ftor
the 12 month period ending with March.
118. net earn intra ahow an increase of
$163,397 over the prevloua 11 month
period. Comparative report for March :
Mar 19IM Mar.. 1917
Gresa earning 3621.143 3474.478
Operating esrwneea. dVr re
els lion and bridge toll . 848.448 288.898
Net earnings ....
8277.700
8220.978
320.088
Interest, taxes and other
sued Charge ....
110.748
Operating surplus 8 66.954
8fl
19.499
Biaklac rand ro aire men Is ae.903
Sarplas
8 36.061 8 26.681
'Deficit.
For the 13 month period ending; with
March the report shows the following;
comparison :
Ending Ending
March. 191 March.. 1811
Groat earning 36,367.407 63.692.604
isee and
depreciation ,
3.671.370 1,929.964
82.816.087 82,662.640
2.613.914 2.661.631
3 802,128 8 11,109
870.833 883.621
8 68.713 8 842.619
Net earning
Fixed charge.
Operating surplus
Sinking fund require
ment
Deficit
Callforala Glvg V Geld For the
first time In the history ot the state
California la settling; iu obllgatlona with
paper money. While It la Illegal for the
state treasurer of California to receive
or p,,, out 4ny olhr money than
Sold. Friend W. Itlchardson. the
present treasurer, believes that the
need of the government for a
treraendoua tro Id reserve Juatlflca
him In violating; the California
statutes by turning- over gold to the fed
eral reserve bank in exchange for fed-
l , . ..
r noien. Aworoiur to reporta
JAIL SENTENCE GIVEN
ENGLISH EDITOR FOR
INSULT TO AMERICANS
Bertrand Russell in Tribunal
Says Soldiers Will Be Useful
in Opposing Strikes.
London. March 19. (T. N. S (By
Mall. Six months In Jail waa the sen
tence recently Imposed here upon Xier-
trand Bussell for an article written by
him in The Tribunal. Insulting, it Is al
leged, the American army.
Prosecutor Humphreys said the whole
of the front page of the Issue of the
psper of January I was taken up by aa
article by Russell. The prosecution re
lated to the following passage:
"The-, American garrison which will.
hv that time, be occupying England
and France whether or not they will
pr-ive efficient against the Germans -will,
no doubt, be capable of lntlmidat
Ing strikers, an occupation to which the
American army la accuatomed when at
home.'
Sir John Dickinson, addressing Rus
sell, said: "You have lost all serum of
decency and fairness, and you have
gone out of your' way to Insult by a de
liberate and designed sneer the army of
I the great nation which la so closely al
lied to ua by ties of affection and kin-
dred a nation which has Joined ua to
fight for the same Ideals of Justice and
freedom that have Inspired us. Tours Is
a very despicable offense. It is worse;
for though tha sound senseor "Teen
sense of humor, as Mr. Whlteley put It
of the Americana may treat your libel
with the contempt It deserves, there are
aome oeoDle who would tarerlv nelan
I upon three) false assertions and use them
to Injure the ause for which we have
IKwn dvrtflnr mir tlmn anrl treasure,"
it waa pointed out Russell recently
was fined 3500 for a similar offense.
When sentence was paaaed he appealed
the caae. Miss Joan Beauchamp, pro
prietress of Tbe Tribunal, was fined 1300
and costs.
School Board Told to
Discontinue German
Chagrin Falls. Ohio. April 20. (I. N.
8.) Cltlsana here to the number of sev
eral hundred have signed a petition that
German language Instruction be abol
ished from the high school or that tha
school board resign If It does not desire
to take that action.
"We demand that Oerman be dropped
Immediately or that you realgn." la. the
wording of the petition addressed to the
school board.
Over 132 Bushels on Acre
Mount Vernon. Mo.. April 20. The
growing Honors for the 1I7 crop go Xa
FOR SALE
STANLEY -SMITH LUMBER COMPANY PLANT
HOOD RIVER, OREGON
Mill at Green Point, 12 Miles Southwest of Hood River
Modern new milL 90,000 capacity, 10 hours. Circular. Heavy,
Allis Chalmers rover set 3 block carriage. Shot-fun feed. Steam
nl(ftr, loafer, live rolls and transfer chains complete. Heavy Port
land Iron Works 8-incb edger. Seventeen saw, automatic compressed
air trimmer. Cut-off saws and til machinery In food first-class shape.
Wet kf mill, cut only 10,000.0000.
6250. acres of cut-over and timber land. 40,000,000 feet timber,
with 80.ooo.ooo feet more available.
13 miles V lumber flume to O.-W. R. & N. Water rijhts and
rlfht of way for flume. -
Box Factory and Planinr Mill on flume in the valley. Good build
ings. Including several residences, food machinery, and nine acres of
land for piling.
Five acres of land on the 0.-W. R. & N. track for loading station.
Sealed bids will be received on the whole or any part of the prop
erty, which will be opened at the office of CkanaberLaiat. Thomas' fc
Krasmer, Chamber of Commerce building, Portland, Oregon, May 13,
at to a. m. The right is retained to reject any or all bids. Detailed
information can be obtained by addressing F. Davenport Jr., Hood
River, Oregon. Bids should be addressed to Bondholders' Commit
. tee, Stanley-Smith Lumber company, care Warren . Thomas, Cham
ber of Commerce building, Portland, Oregon.
TIMBER,
REVIEWED
tt
from Ran Framciaco over Jl.0O8.00O if
rold haa been deposited in tbe federal
reserve batik by the state treasurer dur
lrur the past two weeka, JT
Paeifie Telephone A Telef rap Kara
tart Net earning; of the I'acific Tele
phone A Teleerraph company for the
flrat quarter of 1918 compare favorably?
with the flrat three months of HIT. ac
cording; to tha latest financial report oX -
tha company:
1918
. . .86,458.000
. .. 6.164.000
191T
ss.ate.tM
4.419.94-
Grose 'teralnga
Kxawnee . . . .
Net earning 81.2..nt 81.201.085
ltoduct interest 7 46,000 631.693
ftelenee. net prof ha.. 8 540. OOO 3 679.4 4 V
lteduet dividends . 490.UOO 480,000
Surplus earnings ....9 60.000 8 99.443
larreaelag Demand for Rabhrr Hold-. I
era of shares In rubber plantations may
find encouragement In the fact that
rubber consumption In tha United States
In 1117 was 60 rer cent greater than itv
1918. double that of 1115. three times as
much In 1914, and six times as much a
decade ago. The demands of American j
manufacturers have more than kept
pace with the rapid Increase In, world
production. A compilation by tha Na-:
tlonal City bank of New Tork dlacuaaW -Ing
world and United Statre conaumt
tlon of India rubber In the last decade
shows that while world production la
creased from 69,000 tons In 1107 to JS7,
000 tons In 1917, world production truaoV
rupled In the 10 year period and United
States consumption sextupled. In the
same time. In HIT the United States
took 44 per cent of the world'a output. '
and In 1917. 71 per cent. A billion dol. .
lars of American money haa been sect
to other parts of the world In the dec-.
ade ending with 1917 for the purchase -of
the 700.000 tons of rubber brought.
Into the United States In that period. In'
part from Braail. but chiefly In recent -years
from the Orient.
Aoath Afrlra Wast te Trade A com
pany In South Africa la In the market
for rasors, shaving bruahea. toys, kitchen
and houee-furnlahing good a. and electrl-.
cal goods. Catalogues and full !nro- -mation
should be submitted. For fur
ther Information addreea or call on the
secretary of the i'ortland Chamber of,
Commerce, referring to opportunity No".
28,693. f '
Kenneth McClure of Lawrence County.
This boy grew 132 bushels and eight
pounds of corn on one acre. This Is the
highest yield reported In the state.
Royally Vrn Carriage.
London, April 10. Queen Mary and
other members ot the royal family are
using a carriage for their drives about
the city to save gasoline for war work.
Ir
MORRIS
BROTHERS
Incorporated
EHibllibed as Years
201 Rillway Exchinte ButlOlOf
FotUiDd, Oregon
Thm Premier Municipal
Bond House of Oregon
Municipal Sonde Yielding
From 5 to 6.85
Teiepbers) Maim 340
CLARK,
KENDALL
& CO.
"'Tit Freedom's
Call; Lend Your
All'
BUY
LIBERTY
BONDS
NOW
We shall be glad to give you any
Information concerning Liberty
Bonds, er to help you make your
purchase.
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