The Hermiston herald., March 10, 1917, Image 3

THE
ROAD BONDING ACT
House Bill 550, referred to the peo­
ple at special election June 4, 1917.
An act to provide for the construc­
tion of roads and highways in the state
of Oregon ; provide for the issuance of
bonds by the state of Oregon to raise
money to carry out the purposes of
this act; to authorize the State high­
way commission to take such action
and perform such duties as may be
necessary to meet the requiremnts of
this act; to designate and authorize
the construction of certain hard-sur-
faeed highways and certain roads and
certain forest roads, and to provide for
other post roads and forest roads; to
provide for the letting of contracts for
the construction, paving and mainte­
nance of roads and highways ; to make
the surplus arising from the fees col­
lected under House bill No. 509 of the
present legislative session a fund un­
der the jurisdiction of the State high­
way commission with which to pay in­
terest and principal on bonded indebt­
edness of the state, contracted by the
state for road purposes, and other
lawful claims incurred by said com­
mission, and to provide for modifying
the terms of House bill No. 21 passed
by the 29th legislative assembly of the
state of Oregon, and to provide for
submitting this act to the people and
for the calling of a special election
therefor, and declaring an emergency.
Be It Enacted by the People of the
State of Oregon:
Section 1. The State Highway com­
mission is hereby authorized, empow­
ered and directed, during the next five
years, to sell the bonds of the state of
Oregon as hereinafter provided, in an
amount sufficient to raise enough
money to meet the requirements of
this act.
Provided, that not more than $1,-
000,000 in bonds shall be issued here­
under during the year 1917, and that
not more than $2,000,000 in addition
to any surplus unissued or unexpended
out of the $1,000,000 authorized for
the year 1917, shall be issued during
the year 1918.
Section 2. The State Highway com­
mission is hereby authorized, empow­
ered and directed to enter into such
contracts, appoint such officials, and do
any other act or thing necessary to
fully meet the requirements of this act.
Section 3. The attorney general
shall, under the direction of the State
highway commission, prepare a form
of interest-bearing gold bond of the
State of Oregon, to be sold in order to
provide funds for the carrying out of
the purposes of this act. Said bonds
shall be numbered serially, beginning
at Number 1, and shall be payable in
the order of their issuance. Said State
Highway commission is hereby author­
ized, empowered and directed to issue
bonds of the State of Oregon for the
purpose of carrying out the provisions
of this act in an amount not exceeding
$6,000,000.00, of which sum at least
$600,000 shall be issued in denomina­
tions of $500 each or less. The bonds
issued in any year under the provisions
of this act shall be payable one-twen­
tieth each year, commencing with the
sixth year after the issuance thereof.
One-half of the bonds payable each
year shall be payable on the 1st day of
April and the other half on the 1st day
of October. Each bond shall bear upon
its face a statement showing the date
of its maturity. Said bonds shall bear
interest at the rate of four per cent
per annum, payable semi-annually on
April 1st and October 1st. Principal
and interest on said bonds shall be
payable at the office of the state treas­
urer at Salem, Oregon, and if said
State Highway commission shall so
direct, said bonds may also provide for
payment at some other place. Said
bonds shall be in a form embodying an
absolute promise of the state of Ore­
gon to pay the amount thereof in gold
coin of the United States of America
of the value and weight and fineness
of the date of such bond, and shall be
in such denominations as the State
Highway commission shall elect. They
shall be signed by the governor, secre­
tary of state and state treasurer. Said
bonds shall bear coupons evidencing
the interest to become due thereon for
each installment of such interest, upon
which shall be printed the facsimile of
the signature of said officers. Said
commission may, at its option, cause a
part or all of said bonds to be payable
to the purchaser thereof and register
the name of such purchaser in the
office of the state treasurer and pro­
vide an appropriate endorsement upon
each of such bonds to the effect that
the same will be paid only to the
owner appearing on the register there­
of, and providing a method for re-
registering the same as the title may
be passed, and it may also provide that
a part or all of said bonds shall be pay­
able to bearer and not subject to regis­
tration. Not less than ten days before
the payment of the principal or in­
terest falls due on any of the bonds
provided for in this act, the State
Highway commission shall certify to
the state treasurer the amount neces­
sary to meet the payment thereof.
Upon receipt of such certificate by the
state treasurer he shall prepare and
verify a claim for the amount men­
tioned therein, attaching thereto said
certificate, and present the same to
the secretary of state, who shall audit
such claim in like manner as other
claims against the state are audited,
and pay the same out of any moneys
provided by law for the payment
thereof.
The state treasurer is au­
thorized and directed to make any such
payments of principal or interest on
said bonds at such places, other than
at Salem, Oregon, as the State High­
way commission may provide. All
bonds and interest coupons upon pay­
ment shall be deposited by the state
treasurer with the secretary of state
to be attached to the original claim of
the state treasurer for the payment
thereof.
Section 4. The State Highway com­
mission shall provide such method as
it may deem necessary for the adver­
tisement of each issue of said bonds
before the same are sold, and shall
also require such deposit with bids as
may be required, and generally shall
conduct the sale and issuance of said
bonds under such rules and regulations
not inconsistent with this act as shall
be adopted by said commission.
Section 5. The money arising from
the sale of each issue of bonds shall be
deposited in the state treasury to the
credit of a special fund, which shall be
used in carrying into effect the provis­
ions of this act.
The secretary of
state is hereby authorized and directed
to audit all claims incurred in carrying
out the provisions of this act in the
same manner as other claims against
the state are audited, and pay the
same from any moneys provided by
law for the payment thereof upon the
submission of duly verified vouchers
therefor approved by the commission;
provided, that bonds and coupons shall
be paid as is provided in Section 3
hereof.
Section 6. The highways described
in Sections 6 and 7 of this act are
hereby determined to be highways of
first importance to the general public
of the state of Oregon. It is hereby
determined that the following high­
ways should be permanently con­
structed and finished with a hard
surface.
1. The Columbia River Highway
from the Multnomah county line to
Astoria, Seaside, and south in Clatsop
county to the Tillamook county line.
Inasmuch as the counties of Columbia
and Clatsop have already expended
large sums of money in constructing
the said Columbia Highway through
said counties and in doing so have
practically exhausted their ability to
raise money by an issuance of county
bonds, the State Highway commission
is hereby authorized, from the funds
arising under this act, in addition to
paving said highway, to use from said
funds sufficient to provide for the prep­
aration of said highway through said
counties for the paving thereof.
2. The Pacific Highway from the
Multnomah county line through Wash­
ington county and Yamhill county by
way of Hillsboro, Forest Grove, Mc­
Minnville to Dallas, Monmouth and
Independence, in Polk county; to Cor­
vallis and Monroe in Benton county,
and through Eugene to the north line
of Douglas county.
3. The Pacific Highway from the
Multnomah county line through Os­
wego, Oregon City and Canby in Clack­
amas county, thence through Marion
and Linn counties, to a junction with
the highway at Junction City.
4. Such portions of the Columbia
River Highway between the Multno­
mah county line easterly through the
city of Hood River and Hood River
county and through The Dalles and
Wasco county, through Sherman coun­
ty, through Gilliam county, by way of
the town of Arlington and up the Co­
lumbia river to the confluence of the
Umatilla river with the Columbia
river, thence up the Umatilla river
through Hermiston, Stanfield, Echo
and Pendleton, and thence by such
route as shall be determined by the
State Highway commission to La
Grande, Baker, and to the Idaho line,
as the county courts of the various
counties affected shall agree to prepare
the road ready for paving. Provided,
that inasmuch as the county of Hood
River has raised by a bond issue and
expended upon said Columbia River
Highway practically its full constitu­
tional limit, said commission may ex­
pend on said Columbia River Highway
in Hood River county, such portion of
the money arising under this act as it
may deem proper in preparing said
Columbia River Highway for paving.
The various county courts in said coun­
ties in Eastern Oregon through which
said Columbia River Highway is pro­
jected shall agree with the State High­
way commission upon what portions of
said highway are to be paved with a
hard-surface paving and what portions
are to be constructed as post roads, and
whenever any of said counties shall
have prepared a portion of said high­
way ready for paving, then the State
Highway commission shall proceed
promptly to pave the same under the
provisions of this act, and the remain­
der thereof shall be improved as a post
road under the provisions of this act,
and such portion so improved as a post
road shall not be eligible for paving at
the expense of the state under the pro­
visions of this act.
5. The Pacific Highway through
Jackson county, where the same has
not already been paved, along the
route heretofore adopted by the State
Highway commission.
Inasmuch as
the county of Jackson has already ex­
pended large sums of money in con­
structing said Pacific Highway, and in
paving a large portion thereof, and in
so doing has practically exhausted its
ability to raise money by any issuance
of county bonds, the said Highway
commission is hereby authorized, from
the funds arising from this act, in ad­
dition to completing the paving of said
highway in Jackson county, to use
from said funds sufficient to provide
for completing the preparation of said
highway through said county, for the
paving thereof.
6. Commencng on the Columbia
River Highway at or near Arlington,
in Gilliam county, thence up Willow
creek in Morrow county, through the
cities of Ione, Lexington and Hepp­
ner in Morrow county and through
Pilot Rock, Pendleton, Adams, Athena,
Weston, Milton and Freewater in
Umatilla county, to the Oregon and
Washington state line.
7. A road from the south line of
Clatsop county, at the end of its high­
way described in paragraph 1 hereof,
south by Wheeler to Garibaldi.
8. A road from the Multnomah
HERMISTON
HERALD,
HERMISTON,
OREGON.
county line by Tigard, Rex and New­ location thereof as they may deem
proper.
berg to McMinnville.
Section 9. The State Highway com­
For the purposes of this act the
above highways are to be known as mission is also authorized to adopt
such other roads or routes connecting
hard-surfaced highways.
Section 7. The following highways, portions of the state and to provide for
the construction of post roads or forest
to-wit :
1. The road running from the north roads over such routes and the im­
line of Douglas county to the Jackson provement and maintenance thereof,
county line over the line of the Pacific and to pay for the same from the fund
Highway as adopted by the State created by House Bill No. 21, referred
to by title in Section 8 hereof.
Highway commission;
2. All that portion of the Columbia
Section 10. The State Highway
river highway described in the fourth commission is hereby authorized, em­
paragraph of the description of hard- powered and directed whenever the
surfaced roads as described in section county through which any portion of
6 of this act, which the county courts said hard-surfaeed roads may be lo­
of the several counties through which cated, shall have constructed all or any
the same is located, shall not deter­ section of any such hard-surfaced road
mine to prepare for paving hard-sur­ in accordance with plans and specifica­
faced paving as is herein provided, tions prepared by the State Highway
shall be considered a post road, and commission, along routes prescribed by
eligible to improvement as such under said commission, and shall have pro­
vided for suitable drainage of said
the provisions of this act :
roads in accordance with the require­
3. A road from Roseburg, by Myr­
ments of said commission and shall
tle Point and Coquille to Marshfield;
have prepared the foundation in ac­
4. A road from the Pacific high­
way, from a point at or near McMinn­ cordance with the requirements of said
ville, by Willamina to Tillamook City; commission, then said commission
shall let contracts, or otherwise pro­
5. A road from The Dalles by way
of Dufur, Maupin and Shaniko to Red­ vide according to law for the comple­
mond, Bend and from thence to Klam­ tion of said hard-surfaeed roads by
causing said roads to be finished and
ath Falls;
6. A road from Bend to Lakeview ; hard-surfaced according to plans and
specifications prepared by said com­
7. A road from an intersection
with the Columbia river highway at a mission, and the funds required there­
point either in Sherman or Gilliam for shall be derived from the sale of
county, by way of Condon, Fossil and said bonds, provided for in Section 3
Spray and thence up John Day Valley hereof.
Section 11. The State Highway
to such point as the highway commis­
sion shall elect, and from thence to commission shall pay the interest upon
said bonds as the same shall become
Vale and the Idaho line;
due, from any funds subject to its
8. A road from La Grande, through
Union and Wallowa counties to Joseph; control, from whatever source the
same may come, and the payments
9. A road from Bend, through
upon the principal of said bonds, as
Burns and Harney to Vale;
shall be known as
post the same shall become due, shall be
roads and shall be constructed along paid by the said Highway commission
routes between said certain points to from any funds within its control,
be agreed upon by the representatives without regard to the origin of said
of the Federal government, and said funds.
Section 12. Any surplus or unex­
State highway commission. Said post
roads shall be constructed according to pended balance of the fees received
specifications agreed upon between the under the operation of House Bill No.
representatives of the Federal govern­ 509, passed by this legislative session,
ment and said State highway commis­ which bill is entitled "For an act to
sion. Provided, that if the counties of amend Chapter 174 of the General
Douglas and Josephine, or either of Laws of Oregon for 1911, as amended
them, shall prepare any part of the by Chapter 135 of the General Laws of
said Pacific highway and make same Oregon for 1913, and as amended by
ready for paving according to the re­ Chapter 350 of the General Laws of
quirements of the State highway com­ the State of Oregon for 1915; provid­
mission, then said commission shall ing for regulating the use, registra­
immediately pave the road so pre­ tion, license, identification, conduct
pared, and such portion of said road and operation of vehicles operated
shall be expected from the classifica­ upon the public roads, streets and
tion as a post road. If the county of highways of the State of Oregon; to
Coos shall prepare and make ready for regulate and license the persons who
paving, according to the requirements drive the same; to prescribe penalties
of the State highway commission, for violation hereof and to prohibit the
twenty or more miles in length of the unauthorized possession or use of a
post road between Roseburg and vehicle and to provide a penalty there­
Marshfield hereinbefore described, or for; to license and identify all motor
the county of Tillamook shall so pre­ vehicles; to limit the authority of cit­
pare and make ready for paving twen­ ies and towns on like subjects con­
ty or more miles in length of the post cerned with said vehicles; to prescribe
road between Tillamook City and Mc­ the duties of the secretary of state as
Minnville, and if such portions of said to certain provisions of this act; to
roads, in either or both of said coun­ provide for the handling and distribu­
ties, are so prepared, chat the same tion of the funds derived from the
shall be ready for paving according to operation of this act, and to repeal all
the requirements of the State highway acts and parts of acts in conflict here­
commission shall immediately pave with,” remaining after the payment
the road so prepared and such portion of all claims incurred in carrying out
of said road shall be expected from the the provisions thereof or estimated by
classification as a post road, and such the secretary of state as necessary
portion shall then be classified as a to defray any further administration
expenses for the balance of any license
paved road.
Section 8. Roads over the follow­ year, shall be transferred on the first
ing routes are hereby adopted and des­ day of April and the first day of Octo­
ber in each year by the secretary of
ignated as forset roads, towit:
state to an account to be expended un­
1. A road from Medford in Jackson
county as surveyed and adopted by the der the jurisdiction of the State high­
Federal government in cooperation way commission in payment of the in­
with the State of Oregon, by the way terest and principal as same shall be­
of Crater Lake, to a point in Klamath come due upon bonded indebtedness of
county to be selected by the highway the state of Oregon, contracted for
commission and the Federal officials road purposes under the provisions of
representing the Federal government, this act or the provisions of the said
operating under what is known as the house bill No. 21 referred to by title
in section 8, of this act. Any remain­
"Shackelford bill.”
der of such surplus or unexpended bal­
2. A road from a point in Lane
county to be seclected by the State ance so transferred to the jurisdiction
highway commission and the Federal of the State highway commission shall
officials representing the Federal gov­ be subject to the payment of any other
ernment, operating under what is lawful claim or claims incurred or con­
known as the "Shackelford bill,” by tracted by said commission.
Section 13.
The State highway
way of the Siuslaw river, to a point in
Coos county to be selected by said commission is hereby authorized and
empowered to enter into contracts for
highway commission.
the purpose of constructing the roads
3. A road from Eugene connecting
Williamette valley with Eastern Ore­ provided in this act; provided, how­
gon by way of the McKinzie river to ever, that all contracts shall be let ac­
cording to law and in open and public
Bend.
session of said commission; provided
4. A road connecting the post road
from the Columbia river highway up further, that if, in the opinion of a
the John Day valley with the post road majority of the members of said com­
mission, the lowest bid for the con­
between The Dalles and Bend.
struction of any of the roads or parts
5. A road from Albany, via Leba­
non, Cascadia and Fish Lake, to Bend. of roads herein authorized to be con­
No preference shall be given in the structed, shall be excessive, then and
construction, improving or paving any in that event, said commission shall
of the roads described herein by reason have the right and it is hereby em­
of the numerical designation of such powered and authorized to reject all
bids and to construct under its own
roads.
The funds with which to pay the direction and supervision, all of such
portion of the expense of the construc­ roads or any part thereof, and to this
tion of said post roads and forest roads end to accomplish this purpose said
payable by the State of Oregon, shall commission is hereby authorized and
be secured from the sale of bonds as is empowered to purchase or lease all
provided in house bill No. 21, passed necessary machinery, equipment, tools
by the present legislative session, and appliances and to employ all nec­
which bill is entitled "A bill for an essary help and labor and to do all
act to accept the benefits of the act things necessary and* convenient to
passed by the Sixty-fourth congress of carry out the provisions of this act.
Section 14. This act shall be re­
the United States entitled ‘An act to
provide that the United States shall ferred to the people for their ratifica­
aid the states in construction of rural tion or rejection at a special election
post roads, and for other purposes, ’ to be called in the manner priovded by
and to provide for the issuance of law, said election to be held on the 4th
bonds of the State of Oregon to raise day of June, 1917, and shall be in full
such money as may be required to force and effect as soon as ratified by
meet the requirements of said Federal the people at such election.
statute, and to authorize the State
Section 15. On account of the im­
board of Control to take such action portance of the early decision of this
and perform such duties as may be matter and the importance of getting
necessary to meet the requirements of funds for construction of roads, this
said Federal act and Federal officials act is necessary for the peace, health
acting under said act.” Of the funds and safety of the people of the State
made available by said act for post of Oregon, and the special election
roads, at least sixty per cent shall be hereinabove declared should not be de-
expended on the above mentioned post | layed beyond the time hereinabove set,
roads, in the counties east of the Cas­ | and for that reason an emergency is
I declared to exist, and this act shall be
cade mountains.
No description of any highway pro­ in full force and effect in accordane
vided for herein, shall be construed to with the terms and provisions therein
prevent the State highway commission set forth, from and after its passage,
from making such local changes in the as regards said special election.
POTATO MARKET GETS WEAK
Large Handlers Believe That Reaction
in Prices is Coming.
Portland
The potato market was
very weak Friday. On the street job­
bers offered potatoes as low as $3 a
sack.
Buyers for shipment quoted
from $2.75 to $3 and but few of them
were interested.
There is a large
quantity of potatoes now in transit to
Eastern and Southern markets, and it
is these heavy shipments, it is said,
which have weakened the markets to
which they are destined. Advices from
some points earlier in the week noted
an improvement in the situation. Po­
tato authorities still declare that the
Coast markets will yet see very high
prices, because of the small supply left
here.
Not only are potatoes and onions de­
clining in price in the local market,
but a number of green vegetable lines
are weak.
Cauliflower was quoted
lower at $2.50(2.75, and lettuce was
cheaper at $2(3.50. Small vegetables
are also beginning to ease off.
Potato Standard Urged.
Chehalis, Wash.
The subject for
discussion at the luncheon of the Citi­
zens' club of Chehalis Monday was the
standardization of the potato crop.
Mayor J. T. Coleman, of Chehalis, who
has extensive farming interests near
the city, outlined a plan of organiza­
tion, pointing out the advantages to be
derived from the standardizing of the
local potato crop and the growing of
one or two specially good varieties. J.
T. Alexander, one of the most exten­
sive potato growers in the Chehalis
valley, strongly favor the proposal.
Hopyard Plowed Up.
Milton Wasserman, a leading hop
grower and dealer, of Santa Rosa,
Cal., announces that he has plowed up
46 acres of hop land and is putting it
into orchard and planting tomatoes for
this year's crop. He says if he gets
any kind of crop at all the tomatoes
will pay far better than hops at 15
cents per pound. A number of other
gowers in Sonoma county are making
similar changes, but not a sufficient
number to materially benefit the situa­
tion so far as known.
Bulk Handling Success.
Chesaw, Wash. Twenty-nine farm­
er stockholders attended the first an­
nual meeting of the Chesaw Grain &
Elevator company in Chesaw and heard
a favorable report of the first season
of bulk handling of the grain crop
from the Chesaw county though the
new elevator. The good start made in
1916 and the promising outlook for
1917 resulted in a unanimous re-elec­
tion of the officers and directors which
served last year.
Farm Sold for $10,000.
Raymond, Wash. The largest real
estate deal that has been made in this
vicinity for many months was con-
sumated Saturday, when Timothy
Bailey, one of the pioneer settlers in
the lower Willapa valley, sold between
40 and 50 acres four miles above Ray­
mond to Joe Buhlman for $10,000.
Mr. Buhlman is a dairy farmer,
owning about 40 cows.
Mr. Bailey
and family will go east to live.
Alaska Legislature Meets.
Juneau, Alaska The third Alaska
territorial legislature convened at noon
Wednesday. Neither branch attempt­
ed to organize on account of the late
hour at which many of the members
arrived. The presidency of the sen­
ate is in doubt. No opposition has yet
developed to the candidacy of Repre­
sentative W. T. Burns the Fourth di­
vision for speaker of the house.
*+***+++***+******** ****************************9 •
NORTHWEST MARKET REPORT
•o***********************************************
TREASURY OF U. S.
IS GREATEST BANK
Taking Care of Uncle Sam’s
Cash Is Task of Consider*
able Magnitude.
HAS CUSTODY OF BILLIONS
Signing of Warrants for $83,000,000
Mere Matter of Daily Routine for
Custodian of Government’s
Vast Funds.
“Good heavens !
Governor, that
draft you are signing is for $83,000,-
000!” was the startled exclamation
that amused clear-eyed John Burke,
treasurer of the United States, not so
very long ago. It came from an old-
home friend of the former governor
of North Dakota, who was listening
as he validated In an almost routine
way a series of treasury warrants
placed before him.
That warrant was to pay pensions
or something like that ; exactly what
It wus the treasurer had forgotten. It
was only an incident in a day’s work
of the head of the greatest bunk and
clearing house combined in the world
—the treasury of the United States.
In his keeping are placed all the
money and securities, great and small,
down to two-thirds of a cent. The
national income from taxes, direct and
indirect, goes Into the strong boxes,
and nothing comes therefrom without
his “O. K.” Of course, he cannot at-
temi to everything personally, but
upon him rests the responsibility for
the safekeeping of the $1,426,422,-
051.48 2-3 in cash and securities for
which he gave his receipt when he
took office in 1013, and which has
since been largely increased.
The largest warrant he ever signed
was something over $145,000,000, to
cancel some government bonds. Per­
haps the succeeding item was for a
dollar or less; but no matter how
small the amount, it had received ex­
actly the same attention in audit, en­
tries, examinations, checks, balancing
and signatures as the larger draft, and
there was no reasonable possibility of
error In either amount. There is not
a penny unaccounted for or a failure
to strike a balance.
Tells of Great System.
A young man, but a veteran in the
service, trained under four treasurers
of the United States, Frank J, F.
Thiel, the deputy assistant treasurer,
who has the faculty of doing several
things nt the same time, told with no
little pride the story of this banking
system.
“The treasurer, besides receiving
and disbursing the public moneys de-
posited in the treasury, subtreasuries
and bank depositories, is redemption
agent for all banknotes; trustee for
bonds held by the government; is cus­
todian of revenues and trust funds
consisting of $2,222,837,625 in gold and
$496,133,503 In silver; pays the inter­
est on the national debt, and attends
to various other important duties.
“That people may understand the
magnitude of our banking, clearing
and redemption business, I will state
that it received during the past fiscal
year the national income of nearly
$780,000,000, and paid out nearly $725,-
000,000—the heaviest items being
$164,000,000 for the military establish­
ment, $155,000,000 for the navy, $159,-
000,000 for pensions, and $73,000,000
for the maintenance of the treasury
department.
“Besides this it had the accounts of
transactions amounting to $58,000,000
In the public debt funds, and the pay­
ment of the Interest on the public
debt, which is now $971,502,590.
“It Is the duty of the treasury bank
to redeem all unserviceable bills and
to supply the country with coins and
bills of the denominations needed for
current use," be continued. “Thus,
where the price of bread was advanced
from a nickel to 0 cents there was a
large local demand for pennies.
Movies create n call for nickels and
dimes. The holiday season Is Invari-
ably accompanied with requests for
gold pieces and new bills for Christ-
mas.
“Any one can go to the treasury or
subtreasuries and request new money
for old or an exchange of bills for
some other denomination ; but most of
these requests come through banks
which need different bills or coins for
their own purposes, or who are re-
deeming bills no longer fit for circula-
tl on.
Portland
Cattle
Steers, prime,
$9.6509.85; good, $9.0009.40; medi­
um, $8.500 8.80; cows, choice, $7.7 5
(8.00; medium to good, $7.0007.75;
ordinary to fair, $6.50017.00; heifers,
$6.50 to 9.00;
bulls, $5.00 to 7.25;
calves, $8.000 10.00.
Hogs — Light and heavy packing,
$13.25013.50; rough heavies, $12.25
to 13.00; pigsand skips, $12.00012.25;
stock hogs, $ 11. 50@ 12.00.
Sheep
Wethers, $11.50 to 12.00;
ewes, $8.750 $10.00; lambs, $10.750
13.10.
Wheat Bluestem, $1.71; fortyfold,
$1.67; club, $1.66; red Russian, $1.62.
Millfeed Spot prices: Bran, $27.00
per ton; shorts, $30.50; rolled brley,
$4201 43.
Corn Whole, $48 per ton.
Hay Producers’ prices: Timothy,
Eastern Oregon, $190120 per ton; al­
falfa, $146/16; valley grain hay,
$12.500 14.
Notes In Eleven Denominations.
Butter
Cubes, extras, 37c; prime
“The treasury Issues notes In 11 de­
firsts, 36c; firsts, 35c. Jobbing prices:
Prints, extras, 39c; cartons, 1c extra, nominations, from $1 to $10,000, of
the various kinds of money which the
butterfat, No. 1, 40c.
Eggs
Oregon ranch, current re­ country uses—silver certificates, gold
ceipts, 2310124c per dozen; Oregon certificates, treasury, legal tender, fed-
ranch, candled, 25c; Oregon ranch, se- eral reserve and federal reserve bank-
notes—no two of which, by the way,
lects, 27c.
Poultry Hens, 18to20c per pound; have exactly the same properties.
springs, 18(20c; turkeys, live, 206/ I “These notes are engraved on spe-
22c; dressed, 260262c; ducks, 226/ 1 cial paper made by a private firm by
Its secret process. Sheets made from
24c; geese, 124013c.
this paper are sent to the bureau of
Veal Fancy, 140142c per pound.
engraving and printing, where they are
Pork Fancy, 162017c per pound.
Potatoes Oregon buying prices, $3 engraved, numbered, counted and
per hundred ; new Floridas, 10c per packed nt the rate of 1,250,000 a day.
and a cost of about a cent and a third
pound.
Onions Oregon, jobbing prices: No. | apiece. Thence they are sent to the
1, $9; per sack; No. 2, $7.
I treasury, where they are placed In the
Green Fruits — Apples, 50c@ $2.25 | vaults and become an added respon­
per box; cranberries, $100 11 barrel. sibility for the treasurer, who main­
Hops 1916 crop, 4@7c per pound; tains a reserve stock of $400,000,000 to
1917 contracts, nominal.
$500,000,000, from which to meet the
Wool Eastern Oregon, fine, 28035c dally demands of subtreasuries and
per pound; coarse, 336/36c; valley, 25,000 banks throughout the country."
336/.41C; mohair, nominal, 50c.