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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 12, 1912)
THE" SiOTtXIXG i OREGONIAN, FRIDAY, JANUARY 12, 1912. 19 p Hop Contracting Is Resumed in California. ONE YEAR AT 25 CENTS Tfcrcc-Vrar Ials Are 3Iade at On is Local Mart, InactiTe, bnt Xot for the Tant of Order. It Hop rr.tra-trr.c hu bf.n fml on l fair seals In California at tha price tha revallaa for ths eoalnf crop before th' holidays, Fsvaral cropa of l12s aatrrerat tec mo bales Un beea taken at :a so . a i Rrt ..;.. war contracted for th ants years at 1 eenta Tbo seilsrs war Murk i. r-rfl Koch. WaUs Bros, and C. TV TaMn The bcrtn war Troll", mint and Bait Snot bostnssn tn California ta w K has boon small. r , & inapkot no aailmis effort kain. whmA to mmu erdsra for spot nspa evrtna Is ll;e spread betwesa bid and asked prices. JUfarrtnc to a larss shipment of tmported nopa the OeJvestoo Nova sera: tKA - - " ihlMIIIBtl Of Sob salan hope that bas baan received at this port tn soma time la aooara ins w H.nMv of tha North Gorman Lloyd Line, do. in nort raday. from Bremen. Of this shipment of approximately JDC pounds of Gaiveatoa will receive approximately B0.0OO poanda, Tha Imported hops coat mora than any ether lerdint oaod m tha mannfac- tnre of beer. Tha hops aeeuneo lor ioi brewery cost CO cants par pound. This brines tha approximated oost of tho ono shipment to tso.ooo. Tha duty on Bontmiu nop. suite heavy IS c-nla per pound. Tha Oal tnB Bmrin. ConnaaT will be forcad ti pay approximately fsOCO tn duty. Another larca portion of tha Bohemian hops of tha shipment on the Hanorer ta destined for tha Cuhtenoe Brewery company. or bob mv itmia- The Monterey shipment. wn aa tha local consignment, la handled thrones, the firm or riaauey m OKntnxsr wheat markxts rtruc Mrsnctk Dm ta Export Desnaad for 1W. The wheat market here and an the Sound was firm yesterday. Tha strntb was larrely doe to the export demand for flonr. Orders are comlnf In every day from North and footh China points. While the azere- rate a not as extsnslve as tha business worked prior to tha openlna of hostilities in fhlna. It has been sufficient to absorb prao tirally all the avallabls steamer space op to th" end of March. The full benefit of tha movement cannot h realized In an advance la prtees. owlnr to the lack of tonnase. sail and steamer, tn bnth the European and Oriental trade. With better transportation- factlltlea a hoary bus! n could he worked In wheat and flour at Irnprovsd prices. Buyers quoted up to MH cents on club yesterday. 82 cants on forty fold snd 83 cents on bluestem. The local floor trade Is fairly rood. Mil lers had looked for a decline In patent prlcee about tha first of the year, but the evattoa of tha wheat market and tha re duction of supplies makes It Improbable that there will be any lower flour prlcee soon. Local receipts. In cars, were reported by the Merchants Eschanra aa follower Wheat Farley Flonr Oata Hay Monday ... Tuoedsv vVednwetlsv Thursday , IS e .. 11 1 1 1 3 II .... 11 Year sco lit .. IS 4 4 Season to date.:vr IT 14ftt frt JH74 Tear azo Sl"3 SS4 !; 1 jJ COXSTM.1TIO- OF SrOAR DECREASE Imt reed Per raplta I yea Than Tear Axo. Willett A Orsy dlacnes ths conromptlon of sorer aa follows: "The consumption waa l.l.MJPl tons, or only 103 tons IS-lOo of 1 per cent) Increase over lelo. Wa do not attrlbata thla lack of Increase In consump tion solsly to the Msher prices of msx duiinr a part of tha year, for wa call at tention to tha fact that for two years pre rfoosly the eonamnprlon has failed to abow Ire normal Inoreasea of 44 per cent, area onder Increase of population and low prices for aurar. It Is evident to tie, therefore, that the senerat htsl-.er coat of Uvlns In ill respects, combined with leas prosperous uslness conditions, with tha majority of the pnla durlrr recent year, la larsely responstbW for ths decreasing consumption per capita of T9.r pounda. asalnst aM. patinda In lDlO." UEMA.XD rOK liOW-rKICl:!) APP1.ES Cabbaca fl Minors Try Eastern Method of Boxv ln( Vecetahlf. There was a strong; local demand for the cheaper cradee of afples. which are be com Inr well citsned up. Uranea and lemons were firm. Vscetablea of all klnda moved wall at steady prices. Two cabbage growers In ths Troutdals section, who have aeveral carloads of cab base oa hand, have adopted the Eastern method of burring; the cabbare head down ta tha fields, tn this xnannar. It U said, ths rabbaae caa be kept for two or three monthe. thus Insuring a local surply oo tha market unusually lata tn the season. RECEIPTS Or Cinc-KENS AGAIN HKATT All Kinds trerly Offerrd at 14 Cents, bat Be Not Clean I p. Receipts ef chickens were very hsary afaln yeterdsy. Ths general quotation aa hens and Springs waa 14 cents, but srsa at this low figure all tha arrtvala could sot ba rleaaed up. There waa a good demand for ducks around 1? cents and choice dressed turkers were wanted at 22 cents, but lira turfce?e sr.d gee were hard to move. FJcss continued firm at a" i cents for fresh cand:ed Oregon. Itutier snd cheese were firm and os-cl-.snged. Bank Clemringe, r-y can-.gs of the Northwestern cttlra yesterday were as follows: Oarlrurs. Baluesi. V-!ni lirirf.iTs g:s-.4?" l.l'M. 4. i'.3T4 T4.ts n-o.SJu .X.l'Vil MiM.a.x Ml. 3.11 4V.Xii PORTTLAND M ARRETS. t.rslo. Hour. rsrd. Etc W UK VT Track prices: rlluesrem. 4 s.'-. r.uV tici,c: rvd Rueetan, eic; Vai- tiJr. f.r:y-fo:ii S-c. ' LOl ti latent. $l.5o per barrel, st-a tb'.a 4 t :. eipirts. AS0; Va'ley. J4.40. grttjni. 14 O. whole wheat. 14-So. t'l Krsn, 4-s per tun; shorts. I?'.; m:a.l'.i::e-s. 4o. rolied barley, 7 Q V- OAT9 Na. 1 white. .SO per ton. HAT No. 1 Eastern Oregon tlmr.thy. 11T l;: No. l V. t:5ttH. altaU'a, Jl 14- c'.ov.r. S1-: grain. f!4. PAr'l.tT veed. 4.'6cJT per ton. -'ihN New whole. cracked. 934: citi. wnole. e. cracked. J7. Tcgetables and Prults. TROPtCAI, ntCITS Orangea. aarala. (1 7l; Jaraneea. 1.40 per bundle; Cali fornia grapefruit, eS.o004: Florida grape fruit, i.TJJ. bananas. aSVs per pound; le.-r rs. 3 2'.V) per box. FRt.'H KL1T Alm.rla grspee. ISAO yr tarrsl. cranberries. eU: 1LH per tax rai POTATOES Purlrg prlcee: Burbanka toe Oil.; per hundred; street potatoes. $3 rr crsts. VfiGETARtr Art I oh Oc pT dos- aa; beans. 16 IT Ho; cabbage. 1H1I per BUYING NEW CHO nonnk- caollfkwer. tl.Mfl) par crate: eel rv. $S par crsts: coevmhera, fl.6OO2.00 pr dozen; ersplant, 12 ro per poord: garlic. ovll per pound; lettuce. $3,00 0X75 p-r crate; peppers. SidlOe per sound; pump kins. ISISc per pound; radishes. SSo per doaen: sprouts. TffSe. aquasb, lCle per pound; tomatoes. S10 par box. O.NiONb Associauea price, fl.50 per sack. SACK VEGETABLES Trrrnlps. tl.i3 per ica; rutaliacas. $1.2:: carrots, S1.-A; par snips. 41-20; beets. gl.SOL Dairy aad Ceuntry Piodtna, BCTTER Oregon creamery butter, solid park. fSc; prints, extra; buttarfat, lo Isss tb.m sol'd pack prices. POULTRY Hns, 14c; Springs. 14c: ducks, young. 2-c: geeee. llHf'l'-'c: turkeys, live. 17 tc; dresse-1. eholoe, lo22 4,c EGOS Fresh Oregon rancn. candted, t -c r.er dosen: case-coant. 5o per dosea. CHEESE Fresh Tillamook flats, 1701 Touct Americas. II He PORK Fsncy. ?se per pound. VtAL Faa.-y. 1". Vs 14o per pound. Staple Groceries. SALMON Columbia River. 1-ponnd talla. 1125 per dozen: (-pound tails. t2.96: 1 pourd fists, 4-40; Alaska pink, 1-pound tails, tl S3. COFFEE Roasted, la drama, per ptmd. XVTS Walnots. ialHo per pound: Braill nuts. 140 lr; B berts, 1401&O: al rnor.ds. lTtfllc; pecans, live; cocoanuta. Boa 4ll per dozea: chestnuts. HSc per pound; blckory euul 0910c per pound. HONE T Choice, 3. 78 per case: strained bocey. lic par pound. BALT Granulated. flS per ton: half ground. 100a. 4VW per ton; SOs. par ton. BEAKS Bmall white, 4Hc; large white, He: Uma, 7)c; pink, 0c; Mexicans, Sail baron. 6a RIE xo. 1 Japan, 14: cheapar grades, 44 4c; Southern head. 5Sf Ja SCGAR Dry granulared. e.l; frott and berry. 4.:i: beet, I4.V4; extra C. 14.74; powdered, barrels. 44.40; eubes. barrels, $4.44. DRIED rmrrs Apples, 14c per pound: epneota limc; peaches. IIOHtl prunes. Italian. loStflOXc; silver. ISo; rigs, white aad black, '7ic: enrranta. 10 O 11c: raJsms. loose. Muscatel. CeOTMol bleached Thompson. 11HC unbleached Sul tanas, le; seeded, THIHo; dej.es. Par. alas, two par lb-i Faro, 41-SO per box. Provlloaa. HAMS TO to U pounds. 18eiHai M to 14 pounds. ISwCISVsC! 14 to 14 pounds, 13ttJ10V4c: 14 to IS pounds. 15ilWc; Bkianed. lac; picnics. Use; cottage roll 14c LARD Kettle rendered. tierces. ISHcl tubs. 13e; standard, tierces. 11 Via; tubs, 1-c: shortening, tierces, gfec; tubs. 9c BACON- Fancy. ;jc; standard. TZci cb-ilre. 20c; Enslliih. 1C3 17C. 1RT 6AI.T CLUED Regular anon clears, dry salt 12c; smoked. 14c; short clear, backs. 12 to 16 lbs., dry salt. 13o; smoked. 14Sci short clear tacks. 1 ta -0 lbsu. dry sail, ISttc: smoked 14c; Oregon exports, dry salt, 14 He; smoked, lac Rope, Weol aad Hides. HOP" lii crop. 43a 44c; olds, nomi nal. 1P1J contracts, CVr. MOHAIR Cholcs. So fj 37o par ponna. WOOL. Fsstern Oregon. S tt 1 So per pound, according to shrinkage; Valley, 164) Ijc per pound. PELTS Dry. 11c: laraba. salted. 390e; short-wool pelts. W 9 70c; butcher pelte. NOT. lake-nrr. goUc: L.ec. take-ort. OOcsJIL. HILH5 Seltrd hMt llVo per pound' salted calf. IK'S 17c: salted kip, 14 lie; green hides, 9Sc: dry calf. 20o: dry bides. 1731V:: salted stags, awoio; greaa stage. BH9 6c CaaCARA Per pound. SH Caa Unserd Oil aad Turpentine, k I.IXSEED OIL Pure raw .in barrels. Ic: boiled. In bsrrels. 64c; raw. Is cases, 47c; bolied. in caeca. 59c. TLKPENTINE Cases, Te: waod barrels. TJS7. FLAXSEED OIL HEAIj PST tOB, 44. STOCK SUPPLY LIGHTER AIXj IilXES COmVTE FIRM AT YARDS. Bulk of Trading: I In Sheep Di vision Choice Limbs Brine $5.75. Therm was not so much- business doinff at tha stockyards yesterday, as tha supply was materially lighter than on tha preceding day. Tha firmness of tha market con tinued In all lines. Tha cattle supply waa limited. A few good steers brought 65.90 and top-grade cowa sold at $9,26. Two loads of bogs sold off ths cars at 9T.15 and 97.30. The top of the market. In tha regular way or trading, held at 67. The bu.k or the buying was In ths sheep division. Three loads of choice lambs brought 65.711 and a bunoh of feeders want at 44.60. Tearllngs sold at 64. Uood swea found buyers at 64. Kecelata yesterday were S cattle 108 boss and 6-0 aneep. Shippers were W. H. H. Morgan, by boat. 11 cattle; Ed Knorr. Orangeville, fcnn and Elites. Idaho, 6 cara of hogs: A. R. ford. Pherldan. 1 car of cattle: b. R. Bibbs. Afc- Xllnnvllie. l ear or eneen and hoca and Tom fimlth. North Taklma, 2 cara of abeep. i na Gay a saiea were aa xo:iowa: vVelght, Price. S cows luStl 5 23 steers 11. '3 I N P steers tM J 3.'i 7 coes S74 IN 1 cow .....l.'t G -3 Urn be 79 6,73 24 lambs 01 B 50 ewes 171 l 24 lambs M 6.7B 144 lambs 6 &.7S lu ewes l"t 4.0" 1 hog (h) I hog f.3 S CO l-S hots )i 660 Ml feuder lambs 6 4.0 :iS yearlings 7S 4 iK l.'l hogs, o.l cara 204 1.20 b bogs. O.T cars .11 7.16 The range of prices at ths yards was as follows: l att.e Chol-s steers 6 00ff.2S lioil to choice steers ........ 5.7.'. ft.oo holes cows 6.16 o.-. ood to choice cowa 4T i) 5.0 holes apaved heifers ........ 6.S.V? 8.5' Good to choice heifers ......... 6.tt) 9 6.13 Choice bulls 4.23 t 4.J0 Good to choice bulls 4 no J 4 23 hulce calvee 7.bUis 8.O0 Uood to choice calvea 6.75y 7-00 Hogs Choice light hogs 6,789 T OO r.ood to choice negs e.4.is e.tH ntooth heavy hogs a.ogl o.vu Sheen Choice yearling wethere f5"lr 4.7S Choice killing awes 5i 4 1I Choice Umbs .0"t 6 5 Good vo choice lambs 4. 4. 75 Culls 6,75 4.00 Osnaha tivratork Market. OMAHA. Neb.. Jan. 11. Cattle Reeaio's )0. market active, strong. Native steers. 'jru 7.bu: vows an! hriters. g.t.2.1 if 5.10: Vrteru iieers. $3.b0u.4t; range coti and heifers. 6T. 5.2: c-THncrs. 62.S3tf3(i5: stockert snd feeders, lia.'4 4: calves, 65.50 7 74; bulla stags, etc.. i't).a Hoes Reeeluts 17.OO0: market Sc lower. Heavy. I0.10S6 23: mixed. 63.K0(f.10: light. 5 60S013. pigs, 54 0Uu..o; bulk of sa.ea. 5 8 .' 3 610. sheeo HecelDts 6000: market 10c lower. Lambs, steady: yearlmgt. 64 7-tf 5.75; wth. rs. S4 154ie.id; awes. s.-e.d; lambs. 66.40 a 7. rhlragw Livestock Market, ' CHICAGO. Jan, 11. Csttls Receipts es timated st 9h00: market steady. Beeves, 44. 15 j S Sv: letiaa steers. 44.AU41s.s3; west ern steere, e4-fK;r75: stockers snd feeders. SOito.lMt; cows ana neuers, i:ul.tw; calves. iJS.7J Hofts Keceipts estimsiea at mar, M steadv to strong. Light, 5"'.l,l't? 6.2 1 : ltxed. 1 3.0i5 6.37 V : heavy, t5.95d.et: iiuc :. 5' l5 !t 10 : rood to choice heavy. AlurMn; p.ga 6.Sdo.ao; Dulk or sales. to. HI I s 50 Bneep--xtceeipTS e . 1 n t a st is.wiv; mar et a.ow. Native. Il.:sjjj Western, $3 50 , . -Mr. ilK.lir.: lamha rietlvm. jiTSSr J.S5: 3Ve stern. 65.254IT.40. 8ngar aad Coffee. r. E. W 1.'2.B, , n- - lUl'Jlc. cloeed Stesdy St a n't dscllns sf -1?40 . - - - ,r.K.OOAK,r J.niim 1 7 , . . ruary. 12.7Jc; March. 12.69c;' April! 12c: May. June. Juty. August. September. 1256c: October. l3-6c; November, U.464; December. IX 40c, pot OCT I re. uoeeti.ea o. 1 jus, ieo; JVC. Santos. 14 Ue nominal. Mild coffee, dull. Cordova, lei7o aomtnal. aw s-usar. cujet. Aluscovsaa, ,X9 rase. 6v2e; cectrlfugat .96 tet, 4.4-e: molasses igsr .69 test, i-7o; refined, essy. Dultrth Flax Market. PI'M'TH. Minn.. Jan. 11. Flax, in store. to arrive. January and FebruaiT, 6Uta: oa track. 62.15 w. May. 62.14 s, BEARS WORK HARD Stocks Under Pressure and Prices Decline. UNION PACIFIC WEAKEST loses Two Point With Free Selling. Other 6tandard Issue Mots Dowiiwaril 'Waaliington Jfeww a Factor. NEW TOIW, Jan. 11. Ths leading spec ulative stocks wsre under pressure today and prices fell. Union Faclnc era cnoe more the center ef the bear attaok and its recovsry of yaeter dr was canceled by a two-point decline Tho movement In this stock was of the baffling nature which baa attracted so much attention during the last few weeks. As the Price gave way the supply seemed to tn orease and the manipulation was conducted In such a way that traders were unable to discover the source of tlia selling. Varioua reports concerning the dividend policy of the company were beard, but lacked authenticity and attracted ho se rious attention. Owing to the stsady Pressure against the stock the December statement ef earnlnga ts awaited with much Intereer, Reeding was weak at times aad foil back twe points. Bouthern Pii.fln fit tatit Canadian Peelflo and the copper and steel shares were under pressure Their weak ness sxercised a depressing effsct on ths wh.ls list. The news from TV, .Stn.in. in -,nMs - ths progress of the Stanley Investigation was counted a factor In unsettling the market. The vigor with which the Inquiry Is be ing pursued Is disconcerting to the traders, who hoped that ths unexneotedlv food ststement of ths Steel Corporation's business m uvrcmwr migrjt Ds used as a baala for a further advance In the stock. Foreign bidding for money continued. Of fers from London for funds over the end of the month were somewhat hleher then vm. terrier, soma bide ot all , . been mads. with the local rsts for sim ilar loans onder S per cent, a number of banke placed funds abroad. Money In this market waa ann-dent. Re ceipts from the Interior were large enough 1u,u',l" anoiner caan gain for the week. ..a was again Bearish on American tocka Prices declined there before eh. opening tn thla market and durtr.g the day sales wsre heavy for London account, prin cipally United States Steel aad Union 1'a- The bond market ooirtlnued active. Quo tations fluctuated Irregularly. Total sales, par value 64.411.000. ruins as declined 4 oa call. CLOSINO BTOCK QUOTATIONS. Closing Alii. Cha. p, .. .7; Amal Copper .. 14,209 t,h 65 65 Am Agrloult .. 100 01 V 61 K 61 Am Beet Sugar. J.loO 67 60V 67 American Can 11 11 tT jjat Am Car A Fdy. 800 63 4 824 82i IS Er011-; 200 5 Am lid At Lt pt 28 Am Ice Securi.. 200 IS lg" 1741 Am Unseed . ..... ..... ioj Am Locomotive. anO 8eW "84 4 Am Smel a Ret g.200 72 S 71 71S do preferred.. 20O 103 103 102U. Am Steel Fdy.. 100 S3 Hi 82 Am Sugar Ref 114 Am Tel a Tel.. 4.2O0 18t4 139" 139Vi Am Tobacco pf. 1.400 1-J' 10214 10214 Am Woolen 100 80 80 2S Anaconda M Oo. 2,600 37 88 3614 Atchison 2.1O0 100H 10654 105V do preferred 101 2 Atl Coast Line- 300 133 133H 1331 Jlalt Ohio ... 1.100 108? 1.J2H 103 Bethlehem Steel 600 unit gull sou lirook R Tran.. l.Hoa 7 -ti? 11 iT Canadian Paciflo l.r)" 232 ' Jloi 381 Central Leather. 5"0 10H 184 1! do preferred.. 600 60 V 80 lioV Central of N J .. .. gS Chea A Ohio ... 1,400 78 Tl 724 Chicago A Alton 13 Chi Gt West j8ix do preferred.. IOO 85 , 85A 85 Si Chicago A N W. 200 141 H 141 4 141 S M st f?1- -100 los" 10js 10?4 t.. C, C At 8t L.. ...... ..... ..... HO t'ol Fuel a Iron...... ..... . "614 Col 4 Southern, "' Jg Consul Oss ... 2.800 142H 141 14114 Corn Products . B (,2 I-el a Hudson.. 20O 16Tt4 167 1T D ft R Grande.. 400 21i 21 It jtu do preferred ..... ... 44 nistlllers Becurl JJu, Erie . e.600 81 8014 sou do 1st pf .... 1.200 61, 60H 60 do upf 4141 General E0 .. 1,600 lisov ir.i" Gt North pf ... 4.200 12Sfc ' 127U 12814 Ot North Ore .. 2,500 . 4 1 4 1 4o5 Illinois Central. 200 140 140 140 Interior Met .. 8.400 17 17SX 1714 do preferred.. 7.100 14 641. (Wa, Inter Harvester....... ... lo. Inter Marine pf BOO 2214 21 2 Int Pump gl Iowa Central .. . Ig2 K C Southern .. 1.10O 2714 2714 27 do preferred.. Coo 63 63 63 Laclede Oss ... 2O0 J06i JOu, 1(H4 Louia ft Nash.. 50O 1541, 15414 154 Minn A St L 31 M. 6 P a 8 S M 300 l-2 jR24 181 ilo. Kan Tex. (IOO 2.S 284 2S!4 do preferred.. 100 64 64' a3 Mo Pacific 1.5O0 ' 40 S 8914 Nat Biscuit .... 20O 144 144 1421i National Lead .. 700 5214 Bltt &2 N Ily Mex 2 pf. I0 85 N 85 85 N. I fentrai ... J,7i J07. 106 107 N T. Ont Was 200 i 87T4 Norfolk A West L'OO 110 1(1U lootj North American 200 7514 7, 74 a: .ortnem r-ao .. 6."0 114 ur.1L llrtw . .... o.r-, S0i 801, r-encnyivenia ... 12S14 IJav People's Gsi -v jv.i JU.I1, 11414 P. C C St L,. Pittsburg Coal .. Pressed S Car. . Ptill Pal Car . . 4O0 102 l'U 101 114 1H 38 341 1504 2"0 1 ! 14 100 13 T?y Steel Spring. . . . 34114 It'adlrg T0.6OO 15T4 J4Vi 14fii2 llertibilc Steel.. 2'V 2r,i4 a.fa nM4 do preferred. . 4O0 my 85 85 Rock Islsnd Co. 700 24 14 1-4 ti 51 B014 40 401 29 68)4 do preferred.. St L A 8 F 2 pf bt L. southwest. do preferred,. Sloes Sheffield BOO 800 53 40 45 Southern Pao .. 6,100 llowt 10914 loou Southern Ry ... 200 2S 2StJ 28U do preferred.. 2O0 70 t 70 Tenn Coprer ... S00 88 8714 87V4 Texas A Pacific o w Tol. St L Ws jo do preferred.. 200 83 14 38 14 3vi TJnlon Pacific ..101.SOO 168)4 16614 16714 do preferred. ...... Hit. V 8 Reslty 69 U S Rubber ... 2c0 47H 47U 4714 V 6tee! 89.100 674 66 66I4 !o preferred.. fWTO 1111, llOS IIO14 Utah Copper ... 6O0 67) 56V, 56H t'tt-Caro Chsm fu Wnbaeh 6O0 TH T 6'4 do prefe-red.. l.SOft 1P 19 J( Wes'ern Mil ... 200 fra 5771 T.T Westing Flee .. IK0 72 70 7014 W-storn Union . 6.6n SitH 814 81V. Whel L E.. loo 4H 414 414 I-ehtgh. Valley .. T.4'10 18514 1S 18 Chlno Copper .. 8OO 2014 254 254 RaV Consol . l.SOO 14 174 17 Total sales for ths day. 458,600 shares. BOND 8. Furnished by Overbeck Cooke Co., of Portlajud. P!d. Asked. Amor Tel A Tel eonr 4s. ...... .109 14 11014 American Tobacco 4s......... 3 93 14 Amerk-an Tobacco 6s ........ .119)4 11944 Atchison general 46 99 9914 Atchison conv 4a 106 107U Atchison adl 4s stamped.. 914 "2 Atchlsnn conv 6s ...1075 lOoH Atlantic Coast Una cons 4s.... 9514 P5)4 At Tout Line "L. ft N coll" As. MZ 95 PnltlmoTe a Ohio 8HS. 91)4 92 Paltlmcrs A Ohio 4s pa 9S14 Brooklyn Rnpld Transit 4s $5 e.5)4 Csnada Southern first 5s 101H lol Chesapeake A Ohio 4)4s 101 u lol )4 C. 14 Q joint 4a 96 9714 C. B 4 Q Ills 4s 80V, go), C. B a Q Denver 4s 964 97 Central Pacific first 4s 96)4 96)4 Ch'caco a East Ills 4s got, 804. Clilcago, R 1 A P ref 4s 921J 93, Chicago. R I ft P Col trust 4s.. 02 V. 934 Colcrsdo a Southern first 4s... U6I4 96:t Denver a Rio Grande 4s 89 89 '4 Delaware a Hudson conr 4s... 97 9SA K'rte first cons P L 4s 89 90 Int Met 4)?s 52 82)4 Japanese 4s ................... 66 88 Japanese first 4As 9214 93 14 Japanese second 4tfs ., , 924 93 )a Louisville a Nashville unl 4a... 99 9914 Mo, Kan a Tex Ha 81 Sl Missouri Pacific 4s 7114 734 Nsw Tork Central 84s S7 88 N T Central L 8fas , 824 84 N T C:ty 49 92 14 93 V Y f"ltv 4V-S of 195T lo7 1, 107 Norfoik a Western 4 S9 - 981, Norfolk a Weet conr 4s 1054 1094 a tveat conv as loss; 100V ! W 4s 4 i, S.s. I I Paclfio P L as Mi, 05 I i reollla p L as ma. lua . vim Northern No: there Northern Pacific 3a 60 69" Oregon Short Line as 04 l4 Oreg.in Ry a Nav 4s '-.iK1. 151 Penna Ry 4a of 1048 ion's K'31 Phlhpplns Ky 4s 841a Mli Resdlng geueral 4s i8 M Renuhlie of Pahs Be 10214 103 Southern Pacific first ref 4s K6 l'5U, Southern Pacific col 4s 9114 '- Southern Railway 4s B2a &'J st 1. a n r ni 4s fnu. si Union Pacific first 4a 1O0-T4 1MT4 T'nlnn Pacif o eonv 4e ...101i 1U Union Pactflo ref 4s 97 U T-nlted States Steel S V 5s 101 102 United Ptatea 2s registered liO 104 United States 2e coupon IOO 11054 United States 8s registered 101 H ln24 United States Ss counon 101 le l1'- United Ststes 4s registered 113 1131s TTn1fei4 Etttt.a ii iiniiMin 11.1U 114 United Itailwsy S F 4s 6l1 701i T-nlted Kallwav St L 4a 76 eO Wabash first 4s 67 94 57 Weete.rn T n ton lUi OT L, Wcetlnghouse conv 6a , OH la 18 yj Western Pacific 6s e. . . S St wlsconstn Central 4a . f',st 03 West Shore 4s lOO'.i 1004 Stocks at Boston. TtOSTON. Jan, 11. Closlne auotatlonst AJlouea 42H!Mohawk ex-dlT.. 57 A Amalg Co prior. . 65 ! Nevada Con .... la 14 A Z L. A Km... bSS.Nlpissinr illnes. 6 Arlsona Cora .. 8U North Butte..... 27U B 4 C C A S M. 7 JNorth Lake 6 Butte Coalition. 22)4 Old Dominion... 46)4 Cal a Arlsona.. 02 (Osceola. ex-dlv..loi Cal a Hecla 440 .parrolt (SAC). 14 Centennial 17 Sulney 7514 Cop Ran Con Co 54H Shannon ....... 10 K Butte Cop M. 12 S Superior 2 Franklin UH!Sup a Bos Mln,. 49 Glroux Con .... 4)jTamarack 80 Oranby Con . 84)? A, U S S R dt M x-d 8514 Greens Cansnes, 814 do pfd ex-dlv. 4714 I Royalle Cop) 2H4 Utah Con 16 i Ks.it Lake, 2 V Utah Copper Co. 66)4 Moner. Frohanxe, Etc, NEW T0RK, Jan, 11. Monsy en call, steady, 214 02)4 per cent; ruling rats, 21k; ciosiug oiu. . u' ul 11 - , - eat see lime msiK . - on; j nut mi oi ouwa. -' ......... ., v - - M....ntn. Kan, A r A u. inL commercial ui i. ee-oew. Bar sliver 6514c Mexican dollare 4Tc Government bonds easy; railroad bmds ir regular. LONDON". Jan, 11. Bar silver, firm. 25 7-16d: money. 24 per cent: rste of dis count tn the open market for short bills, 8tf3 18-16 per cent: do, three-months bills, 34. $8 18-16 per cent. SAN FRANCISCO. Jan. 1L Sterling on London. 60 days. 14.85-.: do., slcht, 44.87. Drafts, sight, 814 per cent; telegraph, 6 per cent. SWIFT'S SALES LARGER PEBCE.VTAGE OP PROFITS UAST TEAR, 1""XSCAI.I.Y SMALIj. Blf Packing Company's Gains Are Only FroM By-Frodocta, Accord Ins; to President's Report, At ths annual meeting of Swift Co. held In Chicago, the financial report for the 12 months ended September 80, 1911. was read, showlnr a balance of $6,137,500, of which 84.987.500 was paid out in dividends, leaving 8L150,00O carried to surplus acoount. In hla report to stockholders President Louis 7. Swift says: 'Our volume ef sales for 1011 shows some what over 10 psr cent increase compared with 1910. This Is mads up of the Increase In hog and sheep alaughterlng and the -vast expansion of our by-produot business, of which I bavs so often spoken. Ths per centage of profit earned on sales this year Is less than 34 per cent. This is ths small eat psreentage of earnlnga on combined capital and surplus that has bean made by Swift a Co. since I have been president, but I consider our showing under the clrcum- stsncee very satlsf actor)'. 'Competition bas never been Keener not only among ths largo packers, but among the medium and smaller packers as welL Ths general earnings of this Industry reflect the keen competition existing. According to special Government census taken of ths Slaughtering and Meat Packing Industry.' the number of slaughtering and meat pack ing establishmenta in the United Statee in 1904 waa 1221 and In 1909 1641. an Increase -of 420 establishmenta." The general balance sheet as of September 80. 1911. compares as follows: ASSETS, 191J. 1910. Cash 6.019.SH8 $ 8.808.760 Accounts recelvails 8S.688.89S 89 992.1 S2 Inventories S3.112.210 83.705.488 Stooks and bonds.. 23.600.407 17.6S8.lO0 Horses, wagons, sto 177.221 152.454 Real osL. Imp., eta 82,118,708 19,789.309 Total $138,656,920 6125,726.305 LIABILITIES. Capital stock 8 7 5,000.000 t eo.000.000 24. 550. 0O0 8.692. 254 6.000.000 -12.5O0 T.T16.840 24.404.750 Surplus ........... Reserve ........... Bonds Bond Int. accrued. Accounts payabls. . Bills payable 28. OoO.OOO 8,878.183 S.O00.00O 02.500 T.8n2.841 15.SS3.400 Total J183.656.928 1128.726,809 The president's report addsi "Swift a Co. feel that they have an obli gation to perform that is of a threefold na ture. It is sn obligation of service to the producer of livestock, to the consumer of our products and to our stockholders. Ths obligation of service to the producer consists In so handling his live stock, from the mo ment of purchase to the time when the fin ished product la sold, that all waste Is elim inated and all economise in manufacture observed. This enables us to pay the high est market prices for cattle, sheep and hogs. The obllgstion of service to the consumer Is to supply ths retailer with food produots of the bsst quality, of an ample selection snd at the lowest possible prices, and In sddltlon safeguarding the consumer by branding and labeling our products wherever practicable The obligation of service to ths stockholder is to earn for him a fair return on his In vestment, to eonssrve his Interests by a wise management that will Insure perma nency to bis business and stability to bis securities, and to increase the value of his holdings. We have been successful. I be lieve, because we have closely followed these principles. Tho volume of business for the year lust closed shows that ths number ot cattle handled Ts practically tho same as In tbs year 1910; this Indicatea that the num ber of cattle being marketed from ths West Is not on ths Increase. The number of bogs and sheep bandied was over 20 per cent greater than In IK 10. Thla Indicates that ths number of hogs and sheep being market ed from the West Is Increasing. Pork and mutton have reached a lower plane of whole sale values during the year, and the prloes on thsss two aruoles must be considered as reasonable The weight and quality of the hogs are vastly Improved. "If yon ask me for the reason for last year's showing, I will state as one of them, among others: "A certain amount of liquidation on pork products and provisions, which has been going on through the year beginning at high values and closing the year with con siderably lower prices; and when you con sider that we often carry as high as 100, 00.000 pounds of this one produot, yon can see that a decline of 2 or 8 oonts per pound would amount to considerable. "While this latter situation has its detri ment, lt also has Its advantage, in that our inventory prices are now en a more rea M,.hu heaia than they were one year ago. and pork products are reaching the retail ers otr a lower oasis wimw ths "bams time Is getting fair average prlcee fn. 11,. hn,. This I think, will lead to a very healthy state of affairs in this depart ment the coming year. "The fact must not be lost sight of that HAMBURG 1ARCEST STEAMSHIP CRUISBS t)E LUXH THE ORIENT GRAND CRUISE LEAVING NEW YORK JAM. 30, 1912 By the palatial cruising C t? riWPIV'JnTI '17.0O0 Ot Oi uuiuiii.mil v to PORTCGAX, 6PAE1 the MKOITEJoV aad tbs OBCE.M. 78 DAYS $325 AND UP. Also Cruises to ths Orient. West Indies, South America, round ths World, Italy ana r-B-M'i U'rll. tnr Rooklet TTarnburrr-Amrrlran line, 10 Powell 8 Kor Pac D a R- O. R. R., Burlington R POuger Mulkey bldg.. Dorsey B. Bmlth. ANNOUNCEMENT J. C. WILSON & CO. Members BTerr Tork Stock ExohmrN - 9 'ew York Cotton Exehmnjr-ea Tklcae.0 Bonrd of Trade Toe Stock and Bond Eichuge. San KranclisC, With Offices at Mills Building-. San Francisco; Pal ace Hotel. t?an Francisco: Alexan dria Hotel, 1,09 Angeles; U. S. Grant Hotel, San .Diego; Hotel Del Cor onaiio, Coronado Beach, desire to announce that oa JAN. 15, 1912THEY WILL OPEN OFFICES In the LtmkrmfB'i Building-, Portland; Alaska Bnlldlnar, Seattlcl Canada Life llnlldlng, Vancouver, for the handling of all orders for STOCKS, BONDS, GRAIN AND COTTON At the Rexnlar w Tork and Chi cago Hates of Commission, All these offices will be con nected by private wire vrith our r resent complete private wire aerr. ce from gan Francisco and Loej Angeles to New York and Chicago, thus affording all our clients con tinuous quotations from all East ern markets and the advantage of direct and instantaneous private wire aervlca in the execution of orders. J. C. WILSON CO. MA IX OFFICE, MILLS BlILmiVU, Son Faneteeo. all of the larr packer profit are In reality found by ntlllxiox by-produot here tofore thrown away. The profits of the business result almost entirely from the modern methods of handling by-products, due to the sdvanced means employed by the packers forces not the least aid belli s; ths chemical laboratory. Our profits oome neither from the producers nor from the consumer; they come from the by product. Wherever merit in street pavement policy. prevails, so also doe3 bitulithic. THE BARBER ASPHALT PAVING COMPANY Constructs Asphalt and Other Bitu minous Pavementa, 0S-608 Electric Bide Portland, Or. Oskar Hnber. Manaaer. rBATElXW GUIDE. STEAMERS YALE and HARVARD Portland to Los An re lea tourist $23. S3 Portland to Ixs Angeles, first class. . . . 23.35 Portland to Ixs Angeles, round trip, tourist 43.70 PnrThnfl tn Ile AnreleS. round trlO. first class B8.70 Portland to San Diego, tourist 26.00 Portland to San Diego, first olaas 0.00 Portland to Baa Ilego. round trip. first class 88.00 RATT.KO.I TO SAX FKAJfCXSOO, the ex position city, connecting with the famous new turbine steel steamers. Tale and Har vard, largest and fastest strictly passenger ships on tne coast; carry no freight exespt express matter; average speed 28 miles per bour. Baggage checked through to desti nation. Balling four times per week. Break the monotony by atopplng over a few hours, or several daya, at Ban Francisco, tbenoe travel where tne sea is as smoom as giaas on oo imr rent of ths DassenKers ars not sick for the short voyage of IS hours, slake reservauoua eariy. Ban Francisco. Portland s I, A. S3. Co.. FBAXK BOLX-AM, Agent, A 4MB. 1S Third St. Main 28, HONOLULU $110 FIBST CIsASS BOTJJTD TRIP bm, . A.ll.krr.,1 a.r,t nn antlr WrVTlA tour for your vacations. Delightful sea bath- ins: ai lllO -Vs. "'"" . splendid S B Sierra (10.000 tons displace ment) makes the round trip in 16 days, one r&n visit on a side trlD the 11 v Ins; volcano of Kll&uea, which Is tremendously active. and see for himseil tne process or worm creation. No other trip compares with this lor Ult IDsVrVveUUS wJIU w uiiuoi i ug aaa usatiaaw. Visit the Islands now. while you can do It BO VwVslil W BJIU 4U-ll.ak l J, SMSU -v141e -a cano Is active. Prompt attention to teles-rams for bertha Ballings: January 27. February 16. Marcli 9, etc. Oi KANK! B. B. CO. 678 Market Street. San Iranclsqe, COOS BAY LINE STEAMER BK.EAKWATKA. Soils from Alnswortn Docks. Portland, P. H.evsry Tuesday. Freight received at Alasw-erta Dock dally up to 5 P. M. Pas ssejser fare, first-class, (10; second-class. $7, Including meals and berth. Ticket office Alnswortn Dock. Phonos sfala 23. ataia 170 A 1234. EXPRESS STEAMERS FOR San Francisco and Los Angeles WITHOUT CHANGE S. 8. Rose try balls 4 P. M. January 17. BAJf ITIAXCLSCO 4V PORTLAND B. 8. CO., Tlrket Office, 142 Third St. Phones Main 4A)t and A 1402. DORSEYB. SMITH General Steamship Agent. AIAj LINES AXX. COUNTRIES. Experienced Information About Travel. 68 Fifth St., Portland, Or. Phones: Marshall 1979. X 129S. - AMERICAN COMI'A'T IX THE WORLD. REGULAR SERVICE LONDON - PARIS HAMBURG - fFRETOBXA . . Jan. ts, 12 noon PRES. LINCOLN Fan. 8. 10 A. M. tG RAF WAI.DtiLPKK. .Fsb. 10, 2 P. M. PRES. CBAT Fsb. S3, 11 A. M. t Hamburg direct. Second cabin only. Gibraltar, Algiers, Naples, Genoa S- S. CICTN"ATI (Orient CmlselJan. 30 11 A. M. of am Crrjise. treet. San Frsnclsco, Cal.: O.-W. R. N. Co, oute. Milwaukee a Puget Sound R- R, C F. Fifth street. Portland. Oregon. LADD & ULTON BANK Established 1859. Capital Stock.". B orpins and Undivided Profits. Commercial and Letters of credit, drafts and able in all parts of the world. Corner Washington and Third Streets. First National Bank Capita! $1,500,009 Surplus 850,000 Oldest National Bank West of tha Rocky Mountains Regarding Your Will The Security Savings Ss Trust Company mil see to If ISaS your will is properly planned, strictly in accord with your wishes, will carefully prepare your will to the end that there cannot possibly be any misunderstanding of its true intentions, will act as executor or trustee, or both, seeing to it that every desire in corporated in the will is carried out to the letter. , THE SECURITY SAVINGS AND TRUST COMPANY Capital and Surplus. $1,400,000. Fifth and Morrison, Portland, OregorL : r The Citizens Bank Grand Ave. and Alder The East Portland Bank s For East Portland People 20 Tears la Baart Portlaad. Travelers' Checks The most convenient form yet devised for carry ing funds safely while traveling is offered by travel ers' checks. These checks may be cashed anywhere, at home or abroad, without identification. They may be pur chased of the lumber mens National Bank Capital 4 Per Cent on Savings IN choosing this a9 your bank you have the assur ance of a service capable of meeting your most exacting requirements together with courteous con sideration, ample capital, thorough organization and efficient and able management. These are all factors in making this the logical bank for you to do business with. MERCHANTS Founded in 1886 WHITE STAR LINE f Tha Largest aad Finest British Steamer r TO THE MEDITERRANEAN Asorea, Madeira, Gibraltar, Aiai era, Kaplea, Genoa. Alexandria CEDRIC J an nary 24, "ADRIATIC" February 21. REGULAR. SERVICE FROM KEW TORK AAD BOSTON. "CANOPIC Febmary S, March IS. "CRETIC" March 27. WHITE STAR LUTE. Roans "B Bailer BnUdinsj Seesrad and Cherry St. Seartla. aw Local Axsnta. TRA VKLKKS GOT DC NEW YORK-PORTLAND REGULAR FREIGHT SERVICE. Low Bates. Schedule Time. AMERICAN -HAWAIIAN S, S. CO. 215 Railway aExchanara Bids;, Portlaad, Or. .$1,000,000.09 800,000.00 Savings Accounts travelers' checks issued, ayaiSe 4 oa SiTtngi Q Compounded $1,000,000.00 Corner Fifth and Stark NATIONAL BANK Washington and Second Streets Mares, . TRAVELERS' GUIDE. San Francisco Los Angeles and San Diego Direct S. S. Boanokt and S. S. Elder Sail Evary Wednesday Alternately at M. NORTH PACITia S. 8. CO, SSS Xhtrd at. i