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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 29, 1913)
THE MORNING OREGONIAN, SATURDAY, NOVEMBER 29, 1913. 17 COUNTRY ILLS BOY Higher Wheat Prices Offered , ' in Interior. NOT MUCH BLUEST EM LEFT Bids liaised by Millers to Prevent Coast Getting AH of Supply. Sound Operators Also in Market. The Eastern and foreign -wheat market were off yesterday, but this bad no effeot on conditions up the country. Dealers here called the undertone of the market easier, although they did not reduce their Quota tions. There was buying by Interior rallls and for account of Puget Bound Institutions, however, at prices better than have been current so far this season. Some of the millers In the grain belt, evi dently, have become alarmed for fear that the little blueatem that Is latt will set away from them. Grain men who are interested In the question have figured out that not over IB per cent of he bluestem raised this year still remains in farmers' hands. One lot of Bis Bend bluestem .was bought by a mill there at 92 cents, and this price was offered In other sections. It was reported that 93,000 bags of Bis Bend bluestem were secured by a mill on Fuget Bound. Higher prices were also said to have been offered for club. Japanese buyers were in the mar ket asking for quotations on January wheat. There was no further change In the flour situation. The Orient Is Interested, but no large orders were reported. Mill feed was quoted firm. Operations In the oats and barley markets were on a limited scale. Weekly foreign wheat shipments were as follows: i This week. Last week. Last year. Argentina... 440,000 33B.OOO 872.000 Australia.... 884.000 304,000 804,000 India 4SS.000 618,000 464,000 Local receipts, In cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Monday . . 161 8 27 7 19 Tuesday 44 4.6 9 7 Wednesday .... 67 6 11 3 17 Thurs.-Frl. ... 14S 12 82 6 IS Tear ago 104 13 21 22 18 Season to date.9077 1232 1018 885 1080 ORDERS FOR HOPS NOT COMTXO IN No Business Reported in This State Cali fornia Market Firm. TCo trading In Oregon hops was reported yesterday. A number of growers were on the market, -but dealers declared they were without orders. Disappointment is expressed at the small amount of late November busi ness put through. Two Sonoma, Cal., crops, those of Weythe and Hathaway, were sold Wednesday at 23 1 cents. The unsold Sonoma crops is estimated at 11.000 bales. Some reasons why the brewers should en ter the market for hops at this time are piven lu a letter by H. Walker, a New York denier In hops and malt. He writes: "After careful investigation, I wish to place myself on record by stating that any brewer requiring hops before the next crop should -buy them at present prices, which are not out of reason. "Official statistics show the world re quires more hops than wilt exist before an other crop, if brewers of tho world are going to do the same business they did last year, and there Is every reason to believe that they will do more. Official figures of the consumption of the world are 1,700,000 cwts.; official figures of the world's produc tion are 1.350.0OO cwts. "Late cables and mail Information indi cate the German crop is about absorbed, which leaves little else than Pacifies to make up the shortage which still exists In England. The shipments from this port alone to ETngland were 55, 000 bales. "Another very Important condition is that hops are growing under the most try ing circumstances all over the world. Roots are diseased and yards have to be sprayed continually during the time the hops are growing, to save the crop. This Is done in England, Germany, the Coast and New York State. It Is a well-known fact that hops are picked too early, and are not allowed to mature as years ago. Why? Because the disease of mold ruins the crop if al lowed to remain on the vines to maturity, notwithstanding they have been sprayed the entire growing period. It is a known fact that had it 'not been for the most favorable weather this past Summer on the Coast and in New York State, we would not have had very many choice hops. I reiterate that the situation warrants any consumer to cover his requirements for the next year, at the present existing prices, which are not unreasonable, as hopsare going to be higher. "The market would be 50 cents today were it not for the fact that a great many deal ers have sold hops, from 15 cents up, and of course it Is their interest to bear the market all they can. The time will come when this will have no effect, as an enor mous shortage In England must be made up somewhere, and America being the cheapest market.. It soea w ithout saying that she will buy her hops here. It will be a small matter for her to buy 150,000 bales of cur hops, and you know what this would mean. I am no bull, nor do I wish to con vey any misleading information, but the facts, as above stated, are staring one In the face." ENGLISH. APPLE MARKETS ARE SLOW Large Mocks of Coast Fruits at London and Liverpool. Reporting on box apple market conditions in London and Liverpool, W, Dennis & Sons, of London, write under date of November 15: "The arrivals at London continue heavy, and there must be large stocks accumulat ing. Oregon Newtowns continue slow at 10b, lis, but - California Newtowns are meeting with a readier demand at Os for 4-tler and 8s for 4 4 -tier fruit of the best brands, owing to their better color. There are also large arrivals of Wenatchee colored apples on the market, which are selling slowly at Ss to lis, according to variety. "At Ltverpool, Orcgons are slow, both Newtowns and other varieties. 9s to lOa 6d being the highest bids obtainable for these. Washington and California Newtowns are also behind the London figures in spite of the larger quantities arriving on the latter market. "The pear market In Liverpool remains weak. There Is but llttlo advance to be recorded on last week's poor prices, the bulk of the fruit consisting of Keifters ranging from 13s to lus per barrel, with only a few of the best reaching 17s 6d. Fancy pears. coxes inter Kens at 12a bid remain un sold, no higher figures being obtainable. "Quotations London: Winter Nells, boxes 12s to 15s; Calif ornlan Olout Morceau. half- boxes, 7s; California Newtowns, 4 tiers, 9s. 4 14 tiers, 8s; Oregon Newtowns, IDs to lis: Washington Winter Bananas, lis; Washing ton Jonathans, 9s. "Lverpool: Yakima Newtowns, cases, 9s 6d; Californlan Newtowns, 4 tiers 9s; 4H tiers, 8s 3d; Californlan Red Pearmain, 44 tiers, Bs 6d: Oregon Winter Nelis pears. cases, 12s to 14s; Oregon Newtowna, 10s ad.' Active Demand for Vegetables. Fruit and vegetable trade was good yes terday,' as It nearly always Is after a holi day. The demand for oranges was particu larly active. Several cars of bananas were received Thursday, but ripe stock was scarce all day. A car of California head lettuce was re ceived and was held firm at S2.50 a crate. A car of sweet potatoes also arrived.. live Poultry In Fair Demand. There was a moderate Inqnlry for live gfoultry, and the market held stead; 1b sslta of the large supply. Hens sold at 13 Vj cents and Springs at 13 cents. Ducks and geese were slow. Retailers were not after dressed turkeys. Pork and vea were firm. Eastern storage eggs are being offered more freely and In some cases at lower prices. This, with some increase in ranch supplies, tends to ease the market for Oregon eggs. Butter and cheese were un changed. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland J2.254.S05 308.S0 Seattle il.oou. .s a2,W18 Tacoma a38.24 50.615 Spokane . B3,6tf2 lw, 4 11 PORTLAND MARKET QUOTATIONS. Grain, Flour, Feed, Etc WHEAT Track nrices: Club. 81c: blue- stem, til ft c; lorty-fold, 82c; red .Russian, me; vauey, sic. FLOUR Patents, $4.40 per barrel; straights, 83.80; exports, 3.05i&3.i0: valley. S4.40; graham. S4.30; whole wheat, 84.50. UAio .no. 1 wmte, -o per ton. CORN Whole, $37; cracked, (38 per ton. BARLEY Keed, $24 per ton; brewing, $25.DOa2ti: rolled, 2d. MiLLt'EED Bran. $20.50 21 per ton; shorts, 522.50 13; middlings, S2930. HAJ No. 1 Eastern Oregon timothy, 16; 13.30; clover, S'J(3lu; valley grain nay, $11 Vis. Fruits and Vegetables. T.nml Inhhfr t nuatfttiona: TROPICAL JTRUlTiS Oranges, navels, $3 0?4 per box; Japanese, SI. 00 per ounaie, lemons. l&di'H Der box: nlneaoDles. 7c pound; bananas, 4i(5o per lb; pomegranates, $2 per crate; grapeiruit. u.io o.ou per boi, persimmons, $2 per box. O.Nio.Ni Oregon. $2.50 per sack; buying price. $2 f. o. b. shipping points. VEGETABLES Cabbage, llWo per pound; cauliflower, $2.50 per crato; cu cumbers, 4Up4oo per aoz.; eggplant, xvny 12too per lb; head lettuce, $2.50 per crate; peppers, 5)7c per pound; radishes, 10412o for doz; tomatoes, $1.75 per box; garlic, 2o per pound: sprouts, lie per pound; artichokes, 1.601.7o per dozen; squash. lMio per pound; pumpkins, lfto per pound; celery, $4 per crate; beans, 15c; rhubarb. 8Vc per pound. GREEN FRUIT Apples, 60cS2.25 per box; pears, $11.50 per box; grapes, hlal agas, $7.308.50 per keg; Emperors. $3.75 434 per keg; grapes, crates, $1.75$jj2; casa bas, 2ftc per pound; cranberries, $11 per Darrei. POTATOES Oregon, $101.10 per hun dred; buying price, TO-ftJDOc at shipping points; Bweet potatoes, $2 per crate. SACK VEGETABLES Turnips. $1.23; carrots, $1.10; parrilps, $1.25; beets, $1.25. Dairy and Country Produce. Local Jobbing quotations: POULTxty Hens, LfVic; Springs, 13c; turkeys, live, 20c, dressed, choice, nominal; ducks. ll)13c; geese, 10llc EGOS Oregon fresh ranch, candled. 40c per dozen; storage, 3035c per dozen. CHEESE Oregon .triplets, 17c; Daisies, 17Vic; Young Americas, 18c BUTTER Oregon creamery, prints, ex tras, 373Sa; cubes, extras, 84c; cubes, firsts 32c PORK Fancy, 10 He per pound. VEAL Fancy, 14c per pound. Staple Groceries. 'Local Jobbing quotations: SALMON Columbia River, one-pound talis, $2.25 per dozen; half-pound flats, $1.40; one-pound flats, $2.45; Alaska, pink, one-pound talis, 65c; silversides, one-pound talis, $1.25. HONEY Choice. $3.25 3.75 per case. NUTS Walnuts, 19 Vic per, pound; Brazil nuts, 20c; filberts, 15'alloc; almonds, 20 (&21c: peanuts, GSc; cocoanuts, $1 per dozen; chestnuts. 12 4 c per pound; hickory nuts, Sftfe'UVic; pecans, 17c; pine, 17V4W 20c. BEANS Small white. Cc; large white, 4c; Lima, ti.30c; pink, 4c; Mexican, 5c; bayou, 4.40c SCOAH Fruit and berry, $3.20; Honolulu Plantation, st.it; beet, ;; extra u, 34. 70; powdered, barrels, $5.45; cubes, barrels, $5.20. COPPEE Roasted, in drums. 1.1(5 32c ner pound. oal. i cjramilatea, e:i4 per ton; hair ground, 100s. $10.25 per ton; 60s, $11 per ton; dairy, $12.50 per ton. RICE No. 1 Japan. SSSc: cheaper grades. 4c: Southern head, 6pC4c. DRIED FRUITS Apples, 10c per pound; apricots, 12??14c; peaches, 8&llc; prunes, Italians, &luc; oitrrants, IMic; raisins, loose. Muscatel. ttU "Ss'Vic: bleached Thomp son, llc; unbleached Sultanas, 5H; seeded, c; dates, Persian, 84.c per pound; fard, $1.40 per box. FIGS .Boxes. 12 10-ounce, S3c; 89 12 ounce, $2.25; 50- tt-ounce. $1.S5; 70- 4-ounce, $2.15; Smyrna, 40-pound boxes, 20c. Provisions. HAMS 10 to 12-pound. 2!20ic: 12 to 14-pound. 19V4 'ivSOc: 14 to 18-pound, IOcVj; sKinnea, i 1 '.s c ; picnic, lie; - nouea. uc. BACON Fancy. 2S(3 29c- standard. 21U 23 Vic. DRY" SALT CURED -Bacon. 18V420c: short clear backs, 14 Vi S lu Vi c ; bellies, 13 IB Jic: strips, iimi i I ;C. LARD Tierce basis: Pure. 13(S14c: com pound, 10 Vic Hops, Wool and Hides. HOPS 1813 crop, prime and choice, 22 Vi (SSHc: 1912 crop, nominal. PELTS Dry. loc: Snrilia: lambs. 40:360c: shearlings, 303tic. HIDES salted hides, 13c per lb.; salt kip, l.iy,14c; salted calf, ISc; green hides, 12c: dry hides. 23'c: dry calf. 5c: salted bulls, 9c per pound; green bulls, 7$pSc. wvjujj v aiiey, itiQiic; Eastern Oregon, llSflUc. MOHAIR 1913 clip. 2526c per pound. CAS-JAIiA BARK Old and new. 5u ner pound. Oils. COAL OIL Barrels, 13 Vic; cases, 17 :04c. GASOLINE Bulk. 18c: cases. Sr3c: motor spirit, bulk, lftc; cases. 23c. i.i.NCji'.jj t'l i. itaw, oarreis. ouc: boned, barrels, 5Sc; raw, cases, tile; boiled, cases, t3c. TURPENTINE In case, 66o per gallon. BAN FRANCISCO PRODUCE MARKETS Prices Quoted at tbe Bay City for Vega tables. Fruits. Etc SAN FRANCIoCO, Nov. 23. The follow ing produce prices were current here today: Cheese New, 17918c; Young Americas, 15&17C Fruit Apples, Bellflowers. $1.1501.60; Newtowns, $1,25 61 85; other varieties. 40c O $1.75; Mexican limes. $3.504.5V; pineapples. ucir; lemons, si.boqpi. Eggs Fancy ranch, 54V4c; store, 49c Butter Fancy creamery, 36V4c; seconds. 31 Vic. Vegetables Cucumbers. 75e$l; green pears, 610c; string beans, 2t7c; eggplant, 40c&$l. Onions $2 ft 2.40. Potatoes Oregon Burbanks. $1.26 1.50; River Delta whites. Scal.2r: Salinas Bur- banks. $1.S52: sweets. $l.lO1.40. Keceipts f lour, 534 quarters: barley, 2015 centals; potatoes, 13,370 Backs; hay, 4SS tons. Money, Exchange, Etc. NEW YORK, Nov. 28. Call money strong. 5 to 10 per cent; ruling rate, 7 per cent; closing. Time loans, lirmer; 60 and 90 days, 5; six months, 4 94-5. Prims mercantile paper, SV45. Sterling exchange, steady. Sixty days, $4.81: aemand, $4.8515. Commercial bills. $4.80 Vi. Bar silver, 57 Tic Mexican dollars, 45c. Government bonds, steady; railroad bonds, easy. SAN FRANCISCO, Nov. 28. Silver bars, B774C Mexican' dollars, 47c Drafts, sight par, telegraph 8c Sterling in London, 60 days, $4.8034; do. sight, $4.85 V4. LONDON. Nov. 28. Bar silver, steady. 2034d per ounce; money. 4V4G$4 per cent; rate of discount In the open market for short bills, 5 per cent; do, three monthB bills. 4 13-18 per cent. Coffee and Sugar. NEW YORK, Nov. 2S. Coffee declined to day, owing to lower cables, reports of Bra zil selling and renewed liquidation. The opening was steady at a decline of 7 to 11 points, and the close barely steady at a net decline of 19 to 24. Sales, U1.00O bags. November, 9.48c; December, 9.46c; January, 9.62c; March, 9.91c; May. 10.17c; July, 10.38c; September, 10.53c; October, 10.58c. Spot, unsettled. Rio. No. 7. 10c; Santos, No. 4, 12 14 c Mild, quiet; Cordova, 13V4 ltV4c nominal. Raw sugar, quiet. Muscovado, 8.11c; cen trifugal, 3.61c; molasses sugar, 2. Stic Re fined, quiet. Metal Markets. NEW YORK. Nov. 2S. Lead easy, 4.20 9 4.2i, in London, ,ilS 5s. Speltar ulet, 5.20(j 5.30; in London. 20 12s 6d. Copper steady. Standard, spot to January. 14.12 v 4 14 62 Vij electrolytic. 14. 15 15.00; lake. 15.00 ii'lo.!), nominal; casting. 14.25 14. 50. Tin steady. Spot and December. 39.50 39.70; January, 89.553U.85; February, 39.57 V439.S7V4. Antimony dull. Cooksons. 7.507.7O. Iron quiet, unchanged. .Chicago Dairy Produce. CHICAGO, Nov. 28. Butter, unchanged Eggs Receipts, 3012 cases; market steady at mark, cases Included, 803V4c; ordinary firsts, 3335c; firsts, 3S&87c. ' Cheese, unchanged. Hops at New York. NEW. X.OBK. Nov 23. -Hots fiteadi, TRADING IS HALTED Advance in Cal! Money Checks Stock Speculation. LAST DAY TO MAKE LOANS Kates Affected by Preparations for December 1 Payments Outlook Is for Return of Easy Money. Price Changes Small. NEW YORK. Nov. tg. A flurry in call money, which rose to 10 per cent, effectively curbed any inclinations toward active spec ulation in stocks today. Outside business was small. Operators found It almost Im possible to move the list In either direction. The drift of pr'-es was downward and a few of the newer industrials fell back 1 to 2 points, but among the leading stocks changes were slight. It was the last loaning day of the month and money rates were affected by prepara tions for December 1 payments. Another in fluence was continuance of the outward movement of currency. The amount of gold sent to Canada in the present move ment was brought up to $14,100,000 by ship ment of $3,400,000 today. Time money rates were not affected by these conditions, and the outlook was for a return of easy rates for call funds. Of the leading stocks. Amalgamated was under heaviest pressure. Speculative selling of this stock was based on cessation of de mand for the metaL Bullish operations In Union Pacific based on the favorable October report, were suc cessful for a time, but after the price had been bid np a point. It eased off again. United States Realty was affected by the failure of a New York real estate concern and slumped 6 points. American Can com mon and preferred also were weak, but Mexican Petroleum preferred gained S points. Bonds showed an easier tendency. Total sales, par value. $1,125,000. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Reported by J. C. "Wilson ft Co., Lewis building, Portland. Sales. High. Low. Close. Amalg Copper.. 9.600 694 69V4 6vi Am Baet Sugar 1-00. 23 23 22 Vi Am Can Co 8.40O 29 28 28 do preferred. 1,300 92 90 Vi 90 Am C & F Co 43V4' Am Cotton Oil 89 Am Sm & R Co 61 Vi do preferred 98 V? Am Sugar : 109 do preferred 114 Am T T Co. 1,300 120H 119 120 Am Tobacco J.. 231 Anaconda S0O 8374 33 33 At Coast Line 117 A T & -S F 30O 92 VI 92t4 92 do preferred. 10O 7V4 7V4 97 Vi Bait & Ohio , 92V4 Brooklyn R T. 400 ST 86 86 Can Pac Com. 8,300 225Vi 224V4 224 Ches & Ohio 50 V4 UAGW 125 Vi C M & St P.... 200 98V4 9SV4 9S Cent Leather... 200 ' 24v 24 24 Cent of N J. 2S Chlno 900 38 37 37 Colo F & I 28 Colo Southern.. 2TVi Consol Gas ... 80O 129 126 126V4 D & R G 17 Dist Securities. 30O 16 16 16 Erie 1,20O 26 26 28 Gen Electric... 100 136 136 138 Gt North Ore,. 20 81V4 21 31 do preferred. 300 123 123 123 Illinois Central. 100 107 107 lOOVi Interboro-Met . 10O 13 13 13 do preferred. 70O 67 57 B7 Int Harv 20O 101 1O0 10D Kan City So 24 Lehlsh Valley.. 600 148 146. 146 Louis & Nash.. 130 Mexican Cent.. 200 la 12 11 M St P & S S M 127 Mo Kan & Tex 19 Missouri Pac. 400 26 2ft 28 National Lead.. . . 43 Nat Biscuit 119 do preferred 116 N Y Central... 100 93 95 5 N Y Ont & W 23 Nor & Western 102 North America. - 70 North Pacific. 20O 107 106 106 Pacific Mail... 100 23V4 23V4 23 Pacific T & T j 22 Penn R R Co.. 2.500 109 108 10H People's Gas 116 Reading 11.100 160V4 159 16(1 Republic S & 1 19 So Pacific Cora 3.00O S7 S7 87 Vi So Railway ... 700 21 21 V4 21 Texas Oil 70O 112 111 111 Union Pacific. 14,500 152 151 151 do preferred. 400 81 81 81 l"n Rds of S F 16V4 U 'S Steel Cor.. 22,700 56 55 55 do prefererd. 700 105 104 104 Utah Copper... 90O 43 47 47 Wabash 3 West Union Tel 62 West Electric. 200 64 63 63 Wisconsin Cent. 43 BONDS. Reported by Overbeck & Oooke Co., Board of Trade building, Portland. Bid. Asked. Atchison general 4s 92 92 Atlantic Coast Line 1st 4s 8 0 B & O gold 4s 90 91 B It T 4s 85 85 Ches & Ohio 4s 90 91 CRT col 4s 51 52 Cal Gas 5s 92 93 C B Q joint 4s u . 93 Erie general 4s 70 71 Int Met 4V4s 73 74 Louisville ft Nashville uni 4s... 92 92 Missouri Pacific 4s 66 NYC sen 3Vs. : st 81 T4 N & W 1st con 4s 93 93 Northern Pacific 4s 92 93 Oregon Short Line ref 4s 89V4 90 Oregon Ry Nav 4s :.. 91 91 Pacific Tel rs 96 07 Penna con 4s iWi 90 Reading general 4s 9:! 93 St L & S F ref 4s 7 70 Southern Pacific ref 4s 89 90 Southern Paclfio col 4s 90 .... Southern Railway 5s. ...... ; .. .103 103 Southern Railway 4s 73 73 United Railway inv 4s 51 53 Union Pacific 1st and ref 4s.... 90 91 United States Steel 5s 99 99 West Shoro 4s 90 91 Wabash 4s 49 50 Westinghouse Elec conv 5s SO- 90 Wisconsin Central 4s 80 Stocks at Boston. BOSTON, Nov. 2S. Closing- quotations: Allouez 29!Mohawk . . 38 Amalg Copper.. 39-Vj .Nevala cor .... 15 iNipisainc Mines. 7 A Z L & Sm... 15 Arizona Com .. 4 i.Norcn iiutte. . , North Lake.., :Otd Dominion, Osceola i 24 a & c c & S M. 50 Cal & Arizona.. 61 Cal & Hecia S0 1 47 68 54 Centennial 11 Qulncy ... . Cop Ran Con Co 33 Shannon .... 0 E lutte Cod M. Superior 21 Franklin 2 !un at JOos -aim.. 251 uran con ex-div 6 Greene Cananea. 28 I Royalle (Cod) 16 Jiamaraca U 8 S R & M.. 25 3 46V4 1 00 prererred. . Kerr Ijike 4 L-iah (jon 1 Lake Copper.... & 'Utah Copper Co. 47 La Salle Copper 3 Winona 1 Miami Copper... 21 Wolverine 40 MILD WEATHER IS CHECK LIGHTER DEHA5D FOR WINTER WEARING APPAREL. Goad Volume of Dry Goods Orders for Quick Delivery Lagging; Trade in Metals. NEW YORK. Nov. J7. Sradstreets to morrow will sayr Quieter conditions rula In trade and In- dustry. Unseasonable, mild ' weather has checked demand for winter wearing appar rel. However, dry goods and kindred lines report a good volume of orders for quick delivery and those trades make more favor able comparisons with last year than anv other lines. Holiday trade reports are cneerrul. In Industrial circles tho tendency has been toward increased quiet, partially because of the continuance of lagging demand for Iron, steel and other metals. The most important labor trouble of the week, that at Schenectady, involves 600 0 electrical workers, but the trouble Is one of unionism and not of wages. The year's strikes to date Involve fewer persons than a year ago. and the aggregate is far below tne maximum of 1903 and other disturbed years. Business failures for the week are 279, which comDares with 247 in 1912. Wheat. Including flour, exports for the week aggregate 5,896,067 bushels, against 6,086,017 bushels last year. MERCHANDISE DISTRIBUTION LARGE Iron and Steel Quiet, Doe to Lighter Baying by Railroads. New York. Nov. 23. Dun's Review to morrow will sav: yUwisnaij acUvlgc la industrial cbasjieli reflects prevailing uncertainty regarding the future. The distribution of merchandise for immediate requirements continues large, out retrenchment, rather than expansion, characterizes t-ha situation. Caution is gen eral in entering upon forward commitments and new enterprises are limited, while econ omy Is practiced in numerous quarters. La bor Is not so well employed and more ma chinery is Idle In Iron and steel, the lead ing mills now running considerably below their full capacity. Curtailment of operations results mainly from the restricted buying by transporting companies, which experience difficulty in obtaining needed funds for equipment and extensions. The opening of the Eastern . freight rate Inquiry and the beginning of the currency debate in the Senate attracted attention. Failures this week numbered 856 in the United States against 220 last year and 41 In Canada, compared with 41 a year ago. Bank Clearings. NEW YORK. Nov. 28. Bradstreet's bank clearings report for the week ending Novem ber 26. shows an aggregate of $2,717,729,0(10, as against 83,361,206,000 last week and $2, 651.514,000 in the corresponding week last year. , P. C. , Inc. New York $1,514,034,000 7.1 Chicago 213,574,000 1.5 Boston 129,290,000 .3 Philadelphia 133,301.00O 6.5 St, Louis ............... 67.218.000 .8 Pittsburg 49.765,000 .1 Kansas City 48,130.000 1.1 San Francisco 41.438.0O0 0.7 Baltimore .' 31,304,000 5.2 Cincinnati 20.485.00O 3.6 Minneapolis 24,823.000 9. Los Angeles 17.763.0OO 21.2 Cleveland 20.710,000 G.9 Detroit 21,287.000 13.. New Orleans 18.93S.00O 12.9 Omaha 14,922,000 1.1 Louisville 10,905.000 4.3 Milwaukee 12.605.000 6.4 Portland 10,477.000 15.4 Seattle ll.433.tHiu 10.1 St. Paul 11.703.00O 4.8 Denver 9,842,000 9.7 Indianapolis 6.245.00O 6.8 Salt Lako City 7.382.00O 12.7 Columbus . 5.183.000 4.8 Toledo 4.291. OOO 6.3 Duluth 6,429.000 2.8 Des Moines... h.ti.oou ijo Spokane 8,703,000 1.7 Tacoma 1.840,000 33.5 Oakland 2.718.0OO 19.2 San Diego 1.566.000 45.8 Sacramento I.888.OO0 7.T tOgden. Utah 1,444.000. .... Stockton 893,000 .2 Decrease. fLast week. GOOD OUTLET FOR HOGS MARKET HOLDS STEADY WITH A VERY HEAVY RUN. Top Grade Readily Absorbed at SS. Cattle and Sheep at For. mer Friers. Aotlvlty at the stockyards yesterday cen tered in the hog division. There was a big run of swine, but in spite of this fact the market was healthy and the demand was sufficient to absorb the offerings at steady prices. There was no material change in other lines. A few loads of steers were put over the scales, one choice bunch, averaging 1036 pounds, bringing $7.50. Others sold from $6.05 to $6.65. Cows brought from $5 to $6.25. A dozen loads of choice average-weight hogs were sold at $8, the price that has ruled cn this class of stock for a week or more. 6mall as well - as heavy hogs also' sold at unchanged prices. Several loads of wethers were taken at $.50 and $5 and a bunch of good ewes brought $4. Receipts were 82 cattle, 3 calves, 1606 hogs and 1253 sheep. Shippers were: W. C. Newbury, Hazelton, 1 car cattle; Horton, Midland, 2 cars cat tle; R. H. Erwln, Prescott, 1 car hogs; J. S. Fowler, Rupert, 1 car hogs; J. Brown, Ba ker, 1 car hogs; A. H. Kicker, Hope, 2 cars hogs; Kittle Bros., Imbler. 1 car hogs; Royd Smith, Hunts- Ferry, 1 car hogs; Sol Dlckerson, Welser, 2 cars hogs; D. J. Don nelly, Welser. 1 car hogs; Frank Rice, Par ma, 1 car hogs; Hugh Cummings, Junction City, 2 cars hogs; R. M. Knight, Riddle. 1 car hogs; John Myers. Cottonwood, 3 cars hogs; C. E. Lucke, Canby, 2 cars cheep; Q. F. Mace, Umatilla, 1 car sheep; Will Block, Dayton. 1 car cattle and hogs; Redmond Warehouse Company, Redmond, 1 car cattle, calves, hogs and sheep. The days sales were as follows: Weight. Price. 35 hogs 153 88-00 f2 hogs 193 8.00 1 lamb 60 0.00 1 lamb tlO 0.00 50 wethers .................... 110 5.0O 50 wethers .................... 112 5.00 80 ewes 101 4.00 $.1 hogs 190 7.90 5 hogs . 2fl0 7.50 2 hogs 310 7.00 53 hogs 200 7.90 83 hogs im 8.00 4 hogs 395 7.00 92 hogs IBS 8.00 1 hog 35( 7.00 50 steers 1076 6.55 28 steers 100O " 6.75 4 cowsc 1030 5.00 8 cows 1020 6.50 3 steers 940 a 65 21 steers 1021 6.65 7 steers S03 6.05 1 cow 1110 6.00 1 bull 1360 5.0O 1 cow 1180 6.25 2 cows . 1222 6.25 2 heifers , 843 5.75 1 steer 1030 6.50 1 cow - ...1048 0.83 28 3teers 103 7.50 13 steers 10X7 6.50 6 hogs 374 7.00 hogs 375 7.50 73 hogs 231 8.00 1 hog 230 7.75 101 hogs 12a 7.00 1 hog ..v...... 400 7.00 1 hog 600 7.00 1 hog ;j7() 7 00 1 hog ".70 7.00 1 hog .-150 7.CO 5 hogs 203 7.00 1 bog 230 4.0O 51 hogs 1H1 8.O0- 87 hegs 250 8.00 3 hogs ..... ..... 430 7.00 1 hog 4o 7.50 93 hoys 204 8.00 10 hogs J 16 7.5 70 hogs 210 8.00 hofrs 2H2 7.00 99 hogs 190 S.OO 22 hops 224 7.50 20 hogs 200 S.OO 43 hogs 233 S.OO 3 hoys ..; 2S7 7.85 12 hogs 127 7.33 22 hogs 121 7.50 1 hogs 2O0 8.00 2 hogs laf 7.6O 3 hogs 2SO ' 7 00 7 hogs 9-z 7.90 20 bo?s J54 7.5,0 3 ewes no 3.50 203 wothers 98 4.50 The range of prices at the yards was as follows: Cattle Prime steers $7.25$7.65 Choice steers 7.00 7.21 Medium steers ................. 8.76 O 7.00 Prime cows .................... S.26 0 6.76 Choice cows s.Ootr 8.26 Medium cows B.754& V.04 Heifers 6.000 6.75 Light calves 8.00 O0 Heavy calves .................. 6.750 7.76 Bulls J. BOO S.76 Stags 6. BOO -2t Hogs Light 7.2fit 8. SO Heavy .&ty 7.15 Sheep - Withers 4.00 5.00 Ewes 8.25 9 4.00 Lambs 4.00 5.75 Omaha Livestock Markets. SOUTH OMAHA, Neb., Nov. 28. Cattle Receipts. I50O; market, stronger. Native steers. $0.25(r9.25: native cows and heifers. $"i.807.20: Western steers, $fl7.SO: Texas steera $3,7547,10: range cows and heifers, $5.507; calves, $010. Hogs Receipts. 6000; market, higher. Heavy, $7.5O7.70: light, 7.137.60; pigs, $67; bulk of sales, $7.357.60. Sheep Receipts. SOOO; market, stronger. Yearlings. $5.606.10; wethers. $4 4.65; lambs, $G.807.60. Chicago Livestock Markets. CHICAGO. Nov. 28 Cattle Receipts. 7GOO; market, slow. Beeves. $6.tiO9.50: Texas steers. $6.6037.75; Western steers, $5.907.SO; Blockers and feeders $4.80 7.40; cows and. heifers. $3.3508.15; calves, $0.5O 10.23. . Hc-gs Keceipts. 23,000; market, strong to 5 cabove yesterday's average. Light, $7.10 7.75; mixed, $7.357.90; heavy, $7.4O7.90; rough, $7.407.55; pigs, $5417; bulk of sales, $7.55 07.80. Sheep Receipts, 23,000: market, steady. Native, $3.905.1O: Western, $:l.90 5.10; yearlings, 55.20&6.50: lambs, native, $G 7.65; Western. $07.65. Seattle Dairy Produce. 8BATTLE. Wash., Nov. 27. Butter Washington, fresh churned, 36$r37c. Fggs Ranch, 50c; Eastern Aprils. 80 SSc; storage, 35c. Cheese Cream brick. 19c Dried Fruit at New York. NEW YORK, Nov. 28. Evaporated apples, quiet, but firm. Prunes, firm. Peaches, quiet and steady. Duluth Linseed. Market. DTJLTJTH. Nov. 28 Close: Linseed, $1.41 December, 1,39; Max. lU.s4.ik BULL NEWS IGNORED Lack of Support Weakens Wheat Prices at Chicago. ALL. OPTIONS CLOSE DOWN Lower Cables .From Liverpool Are Eef lected Warm Weather In Winter Belt Induces Unhealthy Growth and Insect Pests. CHICAGO, Nov. 28. Lack of support eased the wheat market today, although there were several items of bullish import. Closing figures were steady at feo to c net decline. Corn closed ie lower to 3Lic higher, oats He to c off and provisions unchanged to 22 higher. Reports that balmy weather in the Winter wheat belt was Inducing an unhealthy growth, with attendant insect development, failed to impress traders. Argentine wet weather also was unnoticed, though lower Liverpool cables were reflected here. Warm rains scattered over the corn belt hampered husking and marketing. The mar ket showed an early advance, but toward the end prices slanted. Oats moved sluggishly. Provisions were responsive to both buy ing and selling, though the trade was not of great volume, and advanoes were the rule. Pork showed the greatest advance. The leading futures ranged as follows: WHEAT. Open. High. Low. - Close. Dee. 87H .87 ."' .86'- May 91 .91 V .904 .90 CORN. Dee 70 .71 .70 .70") May .705 .70V .70 .70 OATS. . Dec. S7 .!7 -S7?4 .37 May 41T4 .41j .41 .41 PORK Jan. , 21.0O 21.15 20.95 2MB May 20.92 H 21.10 20.90 . 21.07 LARD. .Tan 10.90 , 10.87 10.87 May ll.lO 11.15 11.10 11.12 RIBS. Jan 11.00 11.10 11.00 1L10 May .11.20 11.27 11.17 11.27 Cash prices were: -Corn No. 2, 7374o: No. X -white, 7475c; No. 2 yellow, 75 76c; No. 3, 72 H8 75c; do, new, 689c; No. 3 white, 7474c; do, new, 6869c: No. 3 yel low. 757c: do. new, 8970?4c Barley, 60 SOc. Timothy, $4 03.13. Clover, $1014. Minneapolis Grain Market. MINNEAPOLIS, Nov. 28. Close: Wheat, No. 1 hard. 85 c; No. 1 Northern. 83 8 85ic; No. 2 Northern. Sli8314c; No. 2 hard Montana. SiVtc; No. S wheat. 79(?SlHc; December, 82tf82c; May, 87 '4 (68c Flax, $l.S8tffl.4L Barley, unchanged. European Grain Markets. LONDON, Nov. 28. Cargoes on passage, quiet. English' country markets, firm; French country markets, steady. LIVERPOOL, Nov. 28. Wheat Spot, steady; futures, easy. December, 7s Id; March, 7s 3&d; May. 7s 2d. " , Ban Francisco- Grain Market. SAN FRANCISCO, Nov. 28. Spot quota tions; Walia Walla. $1.48 i& 1.50 ; red Rus sian, $1.464 1.47 : Turkey red, $1.529 1.55; bluestem, $1.57H 1.60; feed barley, $1.30; brewing. $1.37W ff-1.40; white oats, $1.4001.42; bran, S222.50; middlings, $30e31. Call board Barley, easy; December, $1.30: May. $1.87; January. $1.27 bid, $1.30 asked. Paget Sound Wheat Markets. SEATTLE. Nov. 28 Wheat Bluestem, 81c: fortyfold. 82c; club. 81c; Fife. 81c; red Russian. 60c Yesterday's car receipts, wheat 3, oats 1, barley 2, hay 14, flour 6. TACOMA. Nov. 28. - Wheat Bluestem, 91c; fortyfold. 82c: club, 81 c: red Fife, 81 c Car receipts, wheat 53. oat a 4. hay 23. London Wool Sales. LONDON, Nov. 28. There were 18,400 bales offered at the wool auction sales to day. The bidding was Btrong, and prices steady. Americans bought a few. HOP MEN PLAN LEAGUE FOLK COtJXTV GROWERS WOULD ELIMINATE MIDDLEMEN, Action Is Taken After Salens Meeting to Incorporate Body for $ 10,006 and Employ Seilinar Agents. RICKREALL, Or., Nov. 28. (Spe cial.) Polk County hopmen have planned to form an organization to eliminate all middleman's profit and to prevent short selling'. After the meet ins of hopgrowers In Salem a number of rroweTS In Folk County districts started a movement for the indepen dent growers' league. The growers say the prices they re ceived this year were too low. "The plan which, wo have In mind." said fcj. H. Petre, a well-known county grower, "is to incorporate under the laws o Oregon for $10,000 and to ap portion shares to each grower accord ing to his acreage. It is the -purpose of this organization to establish head quarters and engage men to handle the crop for us. Each member of the association will sell through the ap pointed agents. It has been proposed that a. commission of one-half cent per pound be charged to defrey tho ex penses of the officers. After these expenses are paid tho association, if it feels so disposed, may declare divi dends, or in case a. member of the as sociation is in need of funds, sufficient money to tide him over can be given at a rate of Interest similar to that charged at the banks." That such an organization would en able many growers to hold their hops for satisfactory prices i3 the belief of many here- The only real organizing done In making shipments this year was in October, when some of the growers in tbe Independence district combined and sent a trainload of 252, 000 pounds of bops to New York. EFFECT OF ACT DEFINED Workmen Barred From Suing for Personal Injury In Washington. OLTMP1A. Wash.. Nov. 28. (Special.) The Washington workingmen's com pensation act operates to bar not only personal injury damage suits against employers, but also against third par ties accused of negligence, the Supreme Court held today in the case of Feet vs. .Mills. The plaintiff, a Seattle motorman. in jured in a collision, brought suit against the president of the traction company, whom he alleged to be per sonally liable because he had failed to have block-system signals operated. Falls City Tax Fixed. FALLS CITY, Nov. 28. (Special.) The city tax levy has been placed at 10 mills by the Council. The road tax will be levied by the Polk County Court. Falls City is a separate road district and for the past two years has received the full amount of the dis trict road levy as made, by the County Court, as the result of a lawsuit in 1912. There Is some fear that the County. Court will attempt to retain Your Account Is Invited This bank has a thoroughly equipped plant, an efficient "staff, ample capital, large resources, a strong directorate and capable officers. LUMBERMENS National Bank Comer Fifth and Stark RESOURCES 7 .MILLIONS LADD &TILTON BANK Established 185t Capftal .. ...... ................ . $ 1,000,000.09 Surplus . .......... ..M..... 1,000,000.00 Depoaita . .............. . 4j000,000.0a Commercial and mciouk 3Tj ?twt. goVyard CsoMnsharo, Vtcs rr , W. it Dvaaklay. CaaaUr. Corner WaaMa(ta First National Bank q&pital $1,500,000 Surplus $1,000,000 Oldest National Bank West of the EocSj Mountains 00&NX& rX&ST JL2TD WASUCfQTON STS '" ggsssg laaiayjMBasjwssqssjs jiumJii r a NKJasSeneVale Transatlantic I f irr$Z&m' Dire Lain te UaTra-faxU (FrmUM) I , J ' !"" Ballings Xrom Mew TCorlt very w au.Mlay, lo a. M. y-- TiLW La Savoie, Wed., Dec 10 I iFRANTR (Arw). DfC.il LA BAVOtE Dec. 81 "LA LOKMINE .Inn. 14 MLOKKAiMi.DK. it tfHAXVH (new) Jan. 7 IA PKOVJtNCJE Jan. 21 Twin-screw steamer. TQuadmpie-acrew steamer. 6I-KCIAL BAIl'KOAI SAIUMGa FROM NEW V'UKK. I F. a, ONiS C-LtA-Sd Ca-Bl-N ill) and TU1RU-CLASS fiuseuaers Only. XIAGARA Dee. 10 tKWHAMHEAU Dec. 13 C. W. Mingrr, 80 6 Lb St. j A. D. Charlton, 835 Morrison St. K. M. Taylor. C. M. 6t. r. Ky.l Dorntr B. Smith, 69 6th St. A. V. Slieltlon, lOO 3d St.; n. uickhod, North Bank Road, 5th and Stark tits.; 50 per cent of the road tax money this year, unless decided otherwise by an other lawsuit. Each succeeding year emphasizes the advisability of Durability in improvements, as an aid in lessen ing the cost. That's why Bitulithic is daily growing in favor as a paving. J.C.WILSON&CO. STOCKS. BOKOS. CKATN A1 COTTOX. lrenaitBS STEW YORK evTUCK. EXCHAKOs, till OkLit COTTON LXtliAHOU, CHICAGO BOABD Or TKAUK, TBK STOCK AMD BOND KLLUMOSV MAM FBANCUHJO. PORTLAND OFFICE: tuvriM Building, 269 Oak Street. . Phones Marshall 4120. A 4187. BONDS CORPORATION AND MUNICIPAL. ROBERTSON & E WING S10 Failing; Bids;. TBATELEKW CCTDK. ROYAL MAIL STEAMSHIPS Grand Christmas EXCURSIONS W To ENGLAND. SCANDINAVIA and the CONTINENT Scandinavian tTull'iti. Dec. 4 to Glasgow Virginian (tamuTK. a Deo. t to Liverpool Tunisian Bed 0 to Liverpool Hesperian eo. JJ to Glasgow Pomeranian s. Jst. a ec 1 1 SS- Ionian rvSJS2ilV Bee. U to Glasgow Ptsswcntrttra leave cblc&go dy prTlona to Mlllnr data. Book early and get best accommodations. All tli I rd claa passencera be rt tied la oloaed cab) na accom modating 8, 4 and ft persona. 'oJiotl exponaes or transfer cnargta. For tl cleats and otlv' information Apply to ALLAN & CO., Gen'l Agts. 127 N. Ossrborn Street, CHICAGO The Chiberg Agency N 70 2 and Annua, Saattls, Wash. And All Arcentloe forts. Xjim, New and Knt Paantr Steamers hroin c York every aHjnie SJklurdaj a i a v a l-f D1TV1IAI A mTft Tor rates, etcapnly local ucket Agent, er 01 Prortnce KxrhvsnijTyer York. U La 3 Savings Accounts nsrt a Howard, Asst. OMIMM J.W UljUit Cash!. Waiter iL Cook. Asst. Caahls. as Talrd Streets. lsa ii St. K. 1. . nail slber, scent Union Pacific TltAVKI FRa OtJXDB. San Francisco To Los Angeles in 18 Hours Break the monotony and fat ism of yomr trip to Southern California tola rear by roinjt to tbe eoathexa. cities on tk pasla lutJ Steamahips Yale or Harvard "Tbe Stiaa wi At Perfel Serrka Thea greet ahtpe are the faeteet fl7foat the Amerioan flag. Krery oonTeatence of a modern hotel. Roomy ataterooma. apacioaa derka and every luxury that add to the comfort of a trip by ae--no amoks, oo duat, no dirt. noLnoiae SAILINGS For los Angeles ilFYft Saturday. For San Diego !-JIr.wdd' Fmt Tickets, Ramatlant, Call mw Writ Pacific Navigation Co. FRANK. BOIXAM. Agent, 121 Third 8U Mala . A 4S. TO V SAX FRAvnsro. I.OS ANGELES AM) SAX rIE0 S. S. ROANOKE WEDNESDAY, DEC. 3, 6 P. M. " COOS BAY AND F.l'KEKA S. S. ALLIANCE FRIDAY, NOV. 28, 6 P. M. NORTH PACIFIC STEAMSHIP CO. 1Z8-A 1'bones- TIIIRD STKEirr -Muln and A UK. AUSTRALIA TAHITI AND NEW ZEALAND. Round Trip Kates: 1st class to Tahiti 1133. te VVelLiuslon 63.o0, to byilner feiwtt. B-pectal Facitio Ocean lour ilncludlna Eouto bea Isles) to byuney via Tahiti. Kr tonga and Kcw Zealand and returning t. 6ttn Francisco lor Vancouver) via Auc)ctad. Fiji or Samoa and Honolulu. 1st class, Stop-overs any point, good one yeae. ball Ings from San Francisco Oct. 16. Nov, 13, Dec. 10. etc Cmoa Btearashlp Ce. of New Zealand. Ltd. Office: 79 Market Street. San KraadKA EXPRESS STEAMERS FOR San Francisco and Lon Anaelrs W IT HOL T CHANGS. S. S. Rear sails lrc. , 4 P. M. S. S. Rose City biUIn Dec "3. TRTE SAN F-RAM'ISCO at TOKn.VNII S. S. CO. Ticket Office. Sd and Waeliinc tom. with O.-W. R. N. Co. Phone Marshall 4500. A 6131. COOS BAY LXrTB Steamship Breakwater Sails from Alnswortn Dock. Portland, at 1 P. M. every Tuesday evening. Freight re ceived until 12 O'CLOCK (NOON) OX SA.ta.INQ DAY. Passenger tars: First class, f 10.00; Seeona-class imen only), IT.Ml including berth and meals. Ticket office at LOWER A1NSWORTU DOCK. PORT LAND tc COOS BAT STEAMSHIP IiKaV U. H. KSA11NQ, Asent. PUoaaHi Slain 9Vi A 33U. . rj Boy your ticket to San Draaclsoo fl enlr. U I