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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Jan. 24, 1915)
15 THE SUNDAY OREGOXTAX, PORTLAND, JANUARY 24, 1915. TRADE IS HELD DQVVH Few Ships and High Freights Check Grain Business. PRICES ARE OUT OF LINE Advances in Europe, Rather Than Declines Here, Are Expected by Exporters Coarse Grains Are Easier. Scarcity of tonnage and high freights have been factors in keeping down the volume of wheat trading In the local market during the past week. Sales cn the Exchange for the six days aggregated 130.000 bushels, as compared with 195.000 bushels sold In the preceding week and 00.000 bushels two weeks ago. The fixing of a 2906-ton steam er for the United Kingdom at 52s 6d. with no corresponding advance to be seen In price, of cargoes at the selling end, shows clearly enough the position the export traders now find themselves in. There will have to be a considerable readjustment of prices here or abroad before much new ex port business can be looked for. High ocean freights are also affecting the movement In other quarters. So far Argen tina has not shipped morn wheat, and what little bas gone out has been absorbed by Brazil. The high freight rates are an ob stacle that seemingly cannot be overcome, ex cept in slight measure Furthermore, her immediate shipments are destined to Italy, and as long as Russia remains out of the reckoning Europe will have to come to the United States if she wants more wheat. That her requirements are still far from being satisfied is the opinion of nearly all grain men, consequently higher European bids are looked for. Mucb has been made. In the Eastern speculative markets, out of the possibility of the Dardanelles being opened, though there Is nothing in the war dispatches to Indicate that this event is near at hand. Should It materialize, however,, the effect on the market, temporarily at least, would be pronounced. There are said to be any where from thirty to sixty vessels bottled up in the Black Sea.waltlng to be released, and there is also said to be plenty of Bul garian and Roumanian wheat available. The amount of Russian wheat Immediately avail able would probably not exceed a few mil lion bushels, and shipments from the In terior would be seriously hampered by the movement of troops and war supplies. But with the attractive prices awaiting wheat in .European markets, it seems probable that some way would be found to get the wheat out of the country. Tel the Idea prevails among close students of the situation that the readvent of Russia as a seller In the world's markets would not have a perma nently depressing effect on American prices, for there is a distinct scarcity of wheat, and all that Is available will be needed. There was only one sale of wheat on the local exchange yesterday and the price was the same as on Friday. Bids elsewhere la the wheat list ranged from half a cent low er to 2ta cents higher. Oats sold 25 to 60 cents lower than on the preceding day. Barley bids ranged from unchanged to 50 centi down. The merchants- Exchange sales for the day were: 5000 bushels February forty-fold 'S?2 100 tons May oats Js J,, 100 tons May oats ii-ou la addition to the 130,000 bushels of wheat sold during the week, 2100 tons of oats, 700 tons of barley and 300. tons of mill feed changed hands. The cash value of the week's transactions was S299.225. Local receipts of wheat for the week were ' 4T1.000 bushels and exports were 099,380 bushels. Barley exports were 129,331 bush els. . local receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour uats iay 6 8 3 12 50 58 4T 31 33 224 rorlland .... Year ago 1-tl this week Year ago date 12.643 1344 1506 1426 1348 Year ago. 12.341 1635 1808 J249 1789 89 2 6 38 22 Tacnma. Friday 27 Year ago..... 31 g e a so n to date T.1S5 Year ago 6,895 Seattle Thursday ... 31 Year ago 4 beason to date B.S00 Year ago. .... 5.148 41S 450 a 15 S.16 1471 937 1198 371 1219 334 1642 19 800 31R9 920 8160 POTATO MARKET MAY IMPROVE LATHB Large Supply rnsold In Idaho One Canse of Present Weakness. There Is but little outside Interest In the potato market at the present time, and for this reason prices are ruling rather low. Stocks are not excessive on the Coast, nor Is there danger of a shortage. The unsold supply Is estimated as follows: Cars. Oregon 1-900 hlngton l.0 Idaho WM California W Total WW Potato prices will very likely stay where they are until April, and then we may clean up at better values," said McKlnley Mitchell yesterday. "California will probably dispose or her surplus soon, and were it not for the big stock left In Idaho, the market would be much higher now than It la Idaho, out of a crop of 9000 carloads, still has about 5000 cars to be marketed. These will. In course of time, be worked off, and the sit uation here should then improve. "The San Francisco market Is at present suffering from congestion, which accounts for the lower prices ruling there during the past week. In this state, fancy potatoes are worth 00 cents to $1 and ordinary grades 60 to 75 cents. Of the present Oregon supply about half will grade choice to fancy." PEPPERS ABE COMING I'BOM FLORIDA California Crop Cut Short by Front Orange Market Firm. There was a good cleanup of vegetables of all kinds yesterday. It is probable that no more bell peppers will be brought from California, as frost has damaged the crop. Peppers are now coming from Florida and are selling at S4 a crate of six baskets. The orange market was firm at the quoted prices. A c:tr of Florida grapefruit arrived, which Included a few boxes of oranges. A shipment of new crop dates was received, probably the last of the season. Hallowees wero quoted at 10 cents a pound and Fard dates at 11.85 a box. ADVANCE IN LOCAL BCTTER PRICES Supply Is Not Equal to Requirements and Market Goes Cs. "With the colder weather, the local but ter supply bas not kept up to trade require ments and the market has gained in strength. Yesterday prices were advanced 2i cents by city creameries. The new quo tation on prints Is 32 and 824 cents, ac cording to quantity. Butter fat Is quoted at SO cents delivered at Portland. The supply of country cube butter has also decreased and the market is firmer. Hops Close Quiet. The hop market closed quiet but firm, with a good demand for the best grades and but few lots oQTering. Imports of hops into Great Britain, less orports for the months of September to No vember last, both Inclusive, were 16.449 cwta, as against 141.677 ewta during the corresponding period one year ago. and 130. 201 cwts. two years ago. Egg Receipts Are Small. Eggs were firm at the close of the week, ales being made at 39 cents case count and t2 cents candled. Receipts were light. A further advance In the coming week Is in tle'pated unless the weather turns warmer. ha poultry market wag weak, hens clean- steady, of week. ing up at 11 cents. The dressed meat trade was sluggish. - No changes were reported In the dairy produce markets. Onions are Keeping Well. The onion market Is holding fairly thouah the movement Is slow. Seven cars uutBtinn Ktrwlr were sold In the cast th Aninnfl are keenlnz well and the Indi cations are for a long season. Importations from Australia will be much smaller this year than heretofore. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland 1,52.3M 1255.943 Seattle 1,794,548 11.12 Tacoma 251.751 4S.509 Spokane 323.859 56.115 Clearings of Portland, Seattle and Tacoma for the past week and corresponding week In former years were: "Portland. Seattle. .flO.Gu6.297 lll.U0.077 1 JU.ot,,'..- 1915.. 191.4.. 1913.. 1U12.. 1911. . 1U10.. 1909.. 10.21l4.O7a 8.158.503 8.0.-.3.723 7,582.425 4.95i.2:;3 10.359,277 9.495,231 9.4O7.390 10.643.675 7,587, 123 Tacoma. 11,745,435 2.052.1-91 2.458.060 4,056,576 S.96i,07:i 5.840.3SO 4,2SS,1S3 PORTLAND MARKET ' QCOTATIOJiS Grain! Floor, Feed. Etc. Merchants' Exchange, noon session. Prompt delivery. Wheat Bid Ask. Bluestem 1.44 g 1.4.E14. Fortyloia -i.-- Club l.SOVi Red Russian 1.84 Red fi'e 1-37 Oats No. 1 White feed 38.25 Barley No. 1 feed S2.25 Brewing 32.50 Bran 30.00 1.43 1.42 l.SW 1.40 86.75 31.00 33.00 33.00 30.50 32.00 . 1.44 H . 1.47 . - 1.49H . 1.42 hi, . 1.44 Vi . 1.40 Vi . 1.42 V, . 1.85 . 1.36 . 1.37 . 1.38 . 3'5.50 . 37.00 . 38.50 . 32.25 33.25 . 30.00 1.46 " 1.48 1.51 1.43 1.45 1.43 1.43 1.37 1.38 1.40 1.42 S6.75 37.60 38.75 33.25 33.78 80.50 Shorts Futures February bluestem ..... March bluestem ........ May blaestem - February fortyfold March fortyfold February club ......... March club February red Russian... March red Russian February red fife March red ftfe February oats March oats May oats February feed barley March feed barley February bran FLOUR Patents, ti 80 a barrel: straights, 16: whole wheat, S7; graham, ff.80. MIL.LFKED Spot prices: Bran, S30S1 per ton: shorts. 83232.50; rolled barley, t34.50l33S.50. CORN White. $36 per ton: cracked, $371 per to.i. HAY Eastern Oregon timothy, $14(918; Valley timothy, J.12.60; grain hay, $1012; alfalfa, I1J1S. 9 Fruits and Vegetables. Local lobbing quotations: TROPICAL FRUITS Oranges, navels, $1.752.25 per box; Japanese, per box, 90c SI: lemons, $333.50 per box: bananas. 441.4c ner pound: grapefruit. 58.50: pine apples, 7c per pound; tangerines, - $1.25 per box. VEGETABLES Cucumbers, hothouse. 12 2. 26 dozen: eggplant. seiOo ou,ld: peppers, $4 per crate; artichokes, 85 ?uuc per dozen; tomatoes. $1.75 per erati; cabbage. l&lVic per pound: beans. 12 Vi per' pound; celery, $2.50 per crate; cauli flower $2.25 per - crate: sprouts. 8c per pound: head lettuce, $1.85 6 2 per crate; pumpkins, IKe per pound; . squash, IVic per p?und. GREEN FRUITS Apples. T3cll.B0 per box; casabas, $1.G5 per crate; pears, $19 1.60; grapes. S3.503 75 per barrel; cran berries, SMIftll per bsrrel. POTATOES Oregon, $1 per sack; Idaho, $1.10; Yakima, $1.1001.15; sweet potatoes, 2 V c per pound. ONIONS Oregon, buying price. $1.25 f. o. b. shipping point. SACK VEGETABLES Carrots. $1.25 per sack; beeu. Sl.5 per sack; parsnips, $1.25 per sack. Dairy and Country Produce. Local lobbing quotations: EOOS Fresh Oregon ranch, case count, 30c: candled, 32c. ' POULTRY Chickens. 11c; broilers. IS f?20c; turkeys, dressed, 21c; live, 18c; ducks, 12y.i15c; geese, life 12c. BUTTER creamery, prints, extras, 32c per pound in case lots; Vic more in less than case lots: cubes, 25c. CHEESEl Oregon triolet. lobbers' buylnr price, 15c per pound, f. o. b. dock, Portlands loung Americas, luo per pouna. VEAL Fancy, 12Vi13c per pound. PORK Block, 8Vic per pound. Staple Groceries. Local jobbing quotations: SALMON Columbia River one - pound tails. $2.30 per dozen; half-pound flats. $1.50; one-pound fiats, $2.50; Alaska pink, oue-pjund tails, $1.05. HONEY Choice, $3.25 per case. NUTS Walnuts, 15&24c per pound; Bra. :ll nuts. 15c; filberts, 1524c; almonds, 23 424c; peanuts, 6-&c; cocoanuts, $1.00 per jozen; pecans, 1920c; chestnuts. 12Vi15c. BEANS Small white, 6.26c: large white, S.lOc; Lima, 6Vic; pink. 6c; Mexican, 6Vic; oayou, f,c, COFFEE Roasted, In drums, lSVi31Vio SUGAR Fruit and berry, $5.85; beet, 16.66; extra C, $5.85; powdered, in barrels $(.10. SALT Granulated. $15.50 per ton; half ground, 100a $10-75 per ton; 50s, $11.50 per ton; dairy. $14 per ton. RICE Southern bead, 6V46Vic; broken, 4c per pound. DRIED FRUITS Apples, 8c perpound: apricots. 13 13c; peaches, 8c; prunes, Ital ians, f-0c; raisins, loose Muscatels, 8c: un oleached Sultanas. 7Vio; seeded. 6c; dates, Persian. 10c per pound; fard, $1.65 per box; currants, 912c. Hops Wool, Hides. Etc.. HOPS 1914 crop, 1012Vic; 1913 crop, nominal. HIDES Salted hides, 14c; -salted bulla 10c; salted kip, 15c; salted calf, 19c; green hides, 13c; green bulls, 9c; green kip, 15o, green calf, 19c; dry hides, 26c; dry calf, WOOL Valley, 17 18c; Eastern Oregon, 15(5 200, nominal. MOHAIR 1914 clip. 27Vic per pound. CASCARA BARK Old and new, 4fi)4Vio per pound. PELTS Dry long wooled pelts, T8c; dry short wooled pelts. 10c: dry shearings, each, 10S15c; salted shearings, each. 15e20o; dry goats, long hair, each, 1212Vic; dry goat shearings each, 1020c; salted sheep pelts, January, $11.50 each, - Provisions. HAMS Standard,- 174,e; fancy. 18 Vic; picnic. 11V6C. BACON Fancy. 272Sc; standard, 239 24c DRY SALT CUP. ED Short clear backs, 1316c; exports 1417c. LARD Tierce basis: Pure, 1212Vio; compound. S He. Oils. KEROSENE Water white, drums, barrels or tank wagons, 10c; special drums or bar rels. 13Hc. esses. 17Vta20Vo. GASOLINE Bulk. 12!4c; cases, 10c; en gine distillate, drums, ?iic; cases, 14Kc; naptha, drums, 12c; cases, 190. LINSEED OIL Raw, Barrels, 71e; raw, cases, 76c; boiled, barrels, 73c; boiled, cases, 78c. TURPENTINE In tanks, 60c; la cases, 67c; 10-case lots, lc less. RECORD COTTON CROP INDICATED. Total Production May Exceed That of 1011. - WASHINGTON. Jan. 23. A record cotton crop for the 1914-15 season was indicated in the Census Bureau's report today, show ing 14. 907.942 running bales had been ginned prior to January 16. Ginnlngs from Jan uary 1 to 15 amounted to 460.149 bales and encoded those thft reriod in any previous year. They also took the total ginning beyond any previous year, exceed ing the record production year of . 1911 by almost 400.000 bales. It 13 expected the 1914 crop will prove to be larger than the 1911 record, which was 15.553.073 running bales. It depends upon the quantity ginned from January 16 to the end of the season, which in 1911 amounted to 1.037,274 bales and for the last five 3Uiara hs averaged 4S5.596 bales. Should as much be ginned as in 1911. this year's crop would be close to 16,000,000 bales. Chicago Dairy Produce. CHICAGO. Jan. 23. Butter higher. Creamery. 21 to 3030V4c. Eggs higher. Receipts 2'J8 cases: at mark, cases in cluded. 25 32c; ordinary - firsts. 30 S 31c; firsts. 32 S 32 V, c. Americans Dull at London. LONDON, Jan. 23 In the American sec tion of the stock market early dealings were around parity, but the market sagged later under realizing and finished dull. Dried Fruit at New York. NEW YORK. Jan. 23. Evaporated apples o'net. Prunes steady, peaches quiet but steady. Electrolytic. $14-.37g 14.50; casting. $14.00 Hops at New York. NEW YORK. Jan, 23. Hops quiet. STOCKS CLOSE FIRM Wall "Street Prices . Rally Later Dealings. . in READING LEADS RECOVERY Sales During 'Week Total About 1, 800,000 Shares, and Bond Trans actions Are Close to $20, OOfl, O00 in Value. NEW YORK. Jan. 23. Business during to day's short session of the Stock Exchange was relatively dull and the movement more narrow than recently. The trend of prices was downward from the outset on furtner liquidation, combined with bear pressure, in the later dealings the list made partial re covery under lead of Reading, which scored a net gain of almost a point. London presented the same low level lor our stocks, Baltimore sc Ohio being the only exception, with a slight gain. There were Indications of more European selling in this market, chiefly of the less active railroads and some Industrials and metal shares. The latter again failed to make favorable re sponse to the higher prices asked for the raw product. Although the week-end shows material re cessions from the top level, the week as a whole was memorable for Its greater ac tivity. Sales of stocks in that brief period approximated 1,800,000 shares, while bond transactions on the exchange were close to $20,000,000. Trade reports Issued by the mercantile agencies denoted improved conditions, but conndenco in the future. It was added, seems to develop more rapialy than real activity. The' bank statement more than bore out optimistic forecasts, showing an actual cash gain in combined reserves of almost $14, 000,000, with an Increase in net demand de posits of $38,775,000. and a reserve Increase of slightly more than $7,000,000. The loan expansion of almost $15,000,000 was ascribed to the more active martlets for securities, together with some syndicate payments. CLOSING STOCK QUOTATIONS. Openl High Low Amal. Copper Co.... Am. car & F., com. Am. Can, com, do Dreferred Am. Cotton Oil, com. A m. Loco., com. Am. Sugar, com. Am. smelt., com. do preterred . . Am. Tel A- TeL. Anaconda Mining Co. Atchison, com do preferred . . . . B. A o., com. ..... Beet Sugar ........ Bethlehem Steel, e. Brooklyn Rapid Tr.. Canadian Pac. com. Central Leather, com. do prererrea . . . C. St G. W., com. do preferred ... C. M. t St. P.... C. Sc a. W., com. Chlno Conner .... Chesapeake & Ohio... Colo. Fuel dfc iron, c Colo. South., com.... Consolidated Gas ... Corn Products, com.. do preferred Delaware & Hudson. Denver & Rio G., c do preferred Erie, common ...... do 2d Dreferred. . . . do ;st preferred. . . General Electiio .... GU North, ore lands.. Gt. Nortn.. pro. Ice Securities Illinois Central ..... Int. Harvester lnterurban Met., c. .. do preferred Lehigh Valley Kansas City South... Louisville & Nash M., K. & 1 .. com.... Missouri Pacifio National Lead Nevada Consolidated. New Haven N. Y. Central N. Y.p Ont. W N. & West., com.... North American N. Pacific, com Pacific Mail Stm. Co. Pennsylvania By P. G.. L. & C. CO P. Steel Car, com.... do ferred Ray . -is. Copper.... Reading, com do id preferred... do 1st preferred. . , Rep. I. & S., com... do preferred Rock Islanti. com.... do preferred St. L. & S. F., 2d pfd do 1st preferred... St. L. S. W., com.. do preferred So. Pacific, com So. Railway com. do preferred ... Tenn. Copper ..... Texas & Pacific. Union Pacific, com.. do prererrea U. S. Rubber, com... do preferred ...... U. S. Steel Co., com. da preferred ...... Utah Copper Virginia chemical ... Wabash, com do preferred Western Union Tele.. Westinghouse Eleo. . . wis. central, com 56 i4 57 Vi 29 29 "2654 27" 106 106 63 63 121' ' iii" ' 27?, 27 95 o 78 84 84 49 49 88 S6 165 165 35 85 "iiv." '12 31 31 92 92 "86 '$6 45 45 " 'A " '0 '22 'Si- '36 '36' 144 144, 33 33 116 117 . 24 24 j2 '12 51 51 137 138 23 23 "ii'i 12 12 'is "ii 54 54 91 92 ioi 162 ids 165 ioir 167 '23 '23' '17 'm 151 153 'iT "21 78 78 ..... ..... '8714 '87 17 18 61 62 81 31 12i i21 81 81 '52 '52 '53 '54 "i' "i' 62 62$ 71 71 56 29 26 106 62 120 27 95 '73" 33 48 86 165 35 'l2 31 81 '36 44 9 6 ?221A 33 ,116 23 ia 61 137 23 "ii 11 'is" 9T 162 106' io7 '2S 17 151 86 17 61 81 51 '58 "i 2 02 71 1 Bid 56 46 29 95 45 26 105 B-'-w 102 120 27 95 97 73 83 . 48 87 165 34 102 12 31 82 128 36 45 25 26 120 9 67 148 6 12 22 28 86 144 33 23 109 73 11 51 137 3 120 11 11 46 13 7 G4 92 23 101 67 105 21 107 119 23 101 17 152 so 84 21 77 1 8 17 38 86 17 81 31 13 121 80 57 102 Bl, 108 04 2 62 71 8 Total sales for the day 130,200 shares. BONDS. o" S Ref 2s, reg. 98 U S N 4s, COUP..IIO do coupon.... 98 N Y C G 3s... 80 U S 8s, reg 101 Nor pac 3s 64 do coupon 101 do 4s 92 V B N 4s, reg. .109runlon -Pac 4s 97 Money, Exchange, Etc NEW YOr:K, Jan. 23. Mercantile paper, 8M per cent. Sterling exchange, firm. Sixty-day nil, $4.82; for cables, $4.8485; for demand, $4.8435. Bar silver 48 c. Mexican dollars. 8714c. Government bonds, steady; railroad bonds, firm. ' LONDON, Jan. J. Bst silver. 22 11-ied per ounce Money. 1 per cent. Discount rates: Short bills. 11 per cent; three month 1J per cent. . . SAN FRANCISCO, Jan. 23. Sliver bar, 48 c. Mexican dollars, nominal. Drafts, sight 2c. Sterling exchange. 60 days. $4.82; de mand, $4.84; cable. $4.85. Condition of Treasury. WASHINGTON, Jan. 23. The condition of the United States Treasury at the' beginning of business today was: Net balance in general fund $58,241,776 Total receipts 1.764,6S6 Total payments - 3.480.142 Deficit this fiscal year Is $69,760,004, against a deficit of $19,133,862 last year, exclusive of Panama Canal and public debt transactions. ORDERS PLACED FOR STEEL RAILS Business So Far Booked I Mot Up to Expectations. NEW YORK. Jan. 23. Specification against contracts were disappointing to the steel milts this week. Although the rail roads have contracted for 225,000 tons of rails since the first of the year Including 116.000 tons this week rolling schedules are too meagre to satisfy needs. Among the latest rail orders are 20,000 tons for the New Haven, 20,000 tons for York Central lines west of Buffalo, 15,000 tons for the Burlington, 10,000 tons for the Pennsylvania, 5000 tons for the Norfolk &-V"estem and 13,000 tons for ex port. The Great Northern and the Northern Pacific will place few, if any, contracts this year. The southern Pacific will get 80.000 tons from the Ensley mill. The Santa Fe Is reported to be ordering 3000 cars and the Missouri, Kansas & Texas Is buying 10 locomotives. Servla is t re ported to have bought seven engines -here. Automobile manufacturers and steel mills have bought more billets and speclaltiea Inquiries for and tenders on structural work were Increased. The Industry, as a whole, is not operat ing ranch over 45 per cent of total capacity, but the steel corporation produced about 47 per cent of ingots. The tin mills are operating 84 to 86 per cent of capacity, but few. if any, lines have been more than 40 per cent busy. Metal Market. mve rRKnrrs EXTENDED. YORK. Jan. 23. Copper firm. r District Gain Reported In Steel Trade Dar ing Week. NEW YORK. Jan. 23. Largest dealings and. highest trice tor stock and bonds since the market reopened, followed by a moderate setback, reflected the week's growth or speculative v-uunuiv.. -traordinary foreign trade developments re mained the most potent factors. Official estimates placed, the credit balance for two weens OI January T' .. a new monthly record and comparing with an export excess 01 - --. -cember. Demand for war PP? c..nr stituted the largest element in the showing. Steps were in progress for extension 1 of further banking credits to governments which are customers, with assurance against objection from the Washington authorit es. There were arrivals lJ -- cotton buyers, Peking to cover ' supplies MJJ ruture -n e e a a. ' ' . - - - : - - . stocks advanced. Bank deposits In the grain region are reported at record figures, ind salesmen usually employed in other territory flock to that country. There was 'a distinct gam in steel mill production and Iron buying showed less than the expected lapse into dullness, price of refined copper "se again. Metal stock were restrained, however, by ques tions of dividend Intentions. . Railroad traffic made Increasing recovery of deficits in last year's comparisons. Easy money and abundant banking np nlles were a pronounced influence in re viving investment inquiry. Restored con fidence reveals unsuspected reserves of capi tal awawng investment. W?"1 $100,000,000 bankers' gold pool "e with those favorable conditions. The ef rirt "was seen in the sudden strength of securities of corporations threatened with financial preeBure. depositWTarger FEDERAL RESERVE BAJTKS REPORT T,000,000 INCREASE. Enlars ement of Discount Operation Expected as Rcanlt of Lower Rate Authorised by Board. WASHINGTON, Jan. 23. Reerve deposits of the 12 Federal Reserve Banks Increased about $7,000,000 up to the close of business January 22, according to the weekly con dition statement given out today. It fol lows: OoU 'coin a"nd certificates. . . , . .. $239,662,000 Iegal tender notes, silver certifl- 10..Tnn0 cate and aubsldlary coin 18,747.000 .$258,409,000 .$ 0.833,000 4.059,000 2,140,000 . Total Bllis dlacounted and loans Maturities within 30 days. Maturities within 60 days Other Tot.i ' $ 13.062,000 InvMtmeni. i ' 1.34.000 Due from Federal Reserve Banks Items in transit $ 3"t'S2X All other resources 13,491, uuu $3 04. 538,000 . ...$ 18.432,000 ZS4,J.tf..UUU 1.913,000 Total resource . Liabilities Caoital paid in . . Reserve deposit Federal Reserve note In circula . tion (net amount) Total liabilitle M ' h?,4,838S Gold reserve agalnt net liabilities, 86.5 Pecashlt'reserve against net liabilities, 93.3 per cent. . . Cash reserve against liabilities, after set ting aside 40 per cent gold reserve against net amount of Federal Reserve notes in cir culation, 93.4 per cent. In its analysis of the banks' condition, the Board says: . , . w "Almost 84 per cent of the paper held by the reserve banks matures within 60 days, and over 50 per cent within 30 days. An . . n nun .f .h- amnnnt Invested increase vi (i,.vv,w v. in public securities is shown. United St"" 2 per cent ana a per cent uunun two banks and short-term municipal seinirl- ties by six Institutions. . ..mi.- .... V.tlnnat hanlr tnte- b Id shows a decrease since last week of $562,000. Net deposits lncreasea aoout -i.vvv.vw, York, Chicago and St. Louis reporting the largest gain for the week. .... 1- . .1 . V, . - a rMHll nf the it IB - ' - ' - . lower discount rates authorised for the At lanta, Chicago ana an rrancisco ivwei.o Banks, discount operations, particularly In the Southern district, will assume somewhat larger proportions." SURPLUS RESERVE STEADILY GROWING Favorable Statement Issned by New York Clearing-House Banks. NEW YORK. Jan. 23. The statement of the actual condition of clearing-house banks and trust companies for the week shows that they hold $143,022,790 reserve In excess of legal requirements. This is an increase of $7,051,780 over last week. The statement follows: Increase. Loans, etc $2,212,213,000 (14.805.000 Reserve in own vaults 7360,626,000 $.034,000 Reserve in Federal Reserve Bank 113,039,000 4,936,000 Reserve in other de positaries .... 31,703.000 6,000 Net demand deposits 2,098,038.000 38.775,000 Net time deposits.. 88.926.000 '927,000 Circulation 42,612,000 '404.00O Decrease. tOf which $282,166,000 Is specie. Aggregate reserve, $505,368,000. Excess re serve. $143,623,790: increase, $7,051,780. Summary of state banks and trust com panies in Greater New York not included in clearing-house statement: Decrease. ..$555,101,200 $ 28,700 4.1.rt4 J. HHP .. 10,891.800 . . 650,162,900 Loans, etc. ... . . Specie , Legal tenders Total deposits. 123.800 348,600 5,860,200 Baaks' cash reserve in vault, $10,971,800; trust companies' reserve in vault, $43,263,100. SA3J FRANCISCO' PRODUCE MARKET Prices Current in Bay City on Fruits, Vege tables, Etc. SAN FRANCISCO, Jan. 23. Butter Fancy creamery, 32c; seconds, 28c Eggs Fancy ranch. 30c: pullets, 28c. Cheese New, 1014c; Young Americas, 1214c: Oregon, 14 c Vegetable Bell peppers, $llc; do Chile, 46o, string beans, 12c; wax. 9&lc. Limas, 1012c: hothouse cucumbers, $2.502.75; Los Angeles tomatoes, 3075c; lettuce, 60 90a -. Onlons Yellow, 90c. Fruit Limone, fancy, $2.!52.50; choice, $1 752, standard, $1.50(31.75; bananas, Hawaiian, $1.2501.75; pineapples, do. $1.50 (S3: California apples, Newtown Pippins, 65c$l; Bellfleurs. 5075c; Baldwins, E0 75o; WInesaps, 60(?75c; do. Oregon, Spitzen bergs, $11.50; Newtown Pippins, $1(01.25; Winesaps, 90c $1.15. Potatoes Burbankfl, Salinas, $2 02.10: delta. (1.10 1.30; Oregon, $1.60; Idaho, $1.16 1.35; Oregon American Wonders, $1.65; Watsonville, $1.601.6E; sweety, $1.50. Reoeipts Flour, 2304 quarter sacks: bar ley, 11.570 centals; pptatoes, 3380 sacks; hay, 489 tona . - Coffee Futures. .. NEW YORK. Jan. 23. There was some scattered trade and Wall street seljing in the market for coffee future here today, attributed to realizing for over the week end and after opening 1 to 2 points lower the 'market closed at a net decline of 4 to 6 points, although firm offer from Brazil were unchanged to . 10 point higher and there was an advance in the local spot mar ket. Sales of futures, 12,750. January, 6.27c; February, 6.32c; March, 6.42c; April 6.61c; May 61c; June. 6.50c; July. 7.61c; August, 7 5Sc; September. 7.66c; October. 7.72c; No vember, 7.78c; December, 7.84c. Spot steady. Rio No. 7. 8c; Santos No. 4, 10c; Rio 75 reis higher. Santos unchanged. 1.- -v-.L- Bn Market- NEW YORK. Jan. 23. The market for igar futures was steady, with opening bids point lower "L" erea covenus. .....-.--- -j - of the spot market- The market was all tne iirai ; r . 7iT .... .v. nn sales of 450 rwnlnu bids: February, 2.93c; May, The raw sugar market was firm; centri- 8.9Sr4.oic; moM "6a,i " - Refined, steady. Naval Stores. - SAVANNAH, Ga, Jan. 23. Turpentine Firm- 43c; ales. 129 barrels; receipts, 215 barrels; shipments, 362 barrels; stock, 35.912 barrels. Rosin Firm: sales 868 pounds: receipts. 1041 barrels: shipments, 40S2 barrels; stock, 143 576 barrels. Quote: A, B, C D, E. $3.20; K G H. W-25; 1. $3 30; K, $3.60; M $4.2; N H'.30; WG. $5.70; WW, $5.80. London Wool Sale. LONDON. Jan 23. At the wool auction sales today 11,000 bales were offered, prin cipally Sydney merinos. Fine snafty grease frequently old 5 per cent above the open ing rates, owing to American and home trade consumption. Scoured were irregular, with best Sydneys realizing 6d and Victorians 7d. 'Crossbreds were strong. Dry Goods Market. NEW YORK. Jan. 23. Cotton goods mar ket were active today. Prices on flan nellette were Irregular. Prices on men's wear will be named Wednesday. Silk goods were more active. Yarns steady but quiet. Cotton Market. NEW YORK, Jan. 23. Spot cotton, quiet. Middling uplanda, 8.5oc; no sales. Dnluth Lmseed Market. PIILUTH, Minn., Jan. 23, Unseed Cash, $1.90 i May, LB1. . ,. - su scattered ness tead around ton 3.1 ft 3. fur al 24a. FULL CENT GAINED Peace Rumors Are Ignored in Chicago Wheat Pit. RALLY IS VIGOROUS ONE Talk of Shipments From Xortli Da kota to Pacific Coast Exporters Are Buyers at Minneapolis. Coarse Grains Firm. CHICAGO. Jan. 23. Bearish attempts to utilize peace talk a to Austria and Hun gary failed today to cause more man a tem norarv turn Ins back In an upward march of the price of wheat. Quotation ciosed trong at an advance of o to lo above last night.. Corn finlahed c to HOc up; oats with a gain of eo o and provisions unchanged to 5c lower. .Although wheat for a brief time seemed headed straight down hill, tha market ral lied in a vigorou manner as soon a trader became convinced that the peace rumor had no better basis than far-fetched Infer ence. Sentiment was' unmistakably In favor ef the buying side. Competition for wheat appeared to be sharpest today in the Northwest. Export ers were said to have bought 600.000 bush els at Minneapolis, and there were advices that the Pacific Coast was taking round lot from North Dakota and other atates east of the Rockies. Corn was chiefly governed by the action of wheat. Exporters took 800,000 bushels. Oats shared the firmness of other grain. There was considerable buying here on or ders from Wlnnlneg. Selling by packers overcame an advance that provisions made because of higher prices for hogs. Tho demand wa only mod erate. The leading futures ranged as follow: WHEAT. High. $1.44 l-z CORN. .79 .80 OATS. May July Msy July Open. ...$1.43 ... 125 .79 .89 Low. Close. $1.42 $1.44 1.24 1.26 .7! .79 .79 .80 .56 .66 .53 .64 18.17 18.12 18.85 18.92 19.16 19.17 10.67 10.82 10.87 10.97 11.02 I. 8.90 10.27 10. SO 10.47 10.52 1.44: No. 1 May 66 .56 July 54 .54 'MESS PORK. Jan 18 17 18.82 May 19.00 19.00 July H.20 19.25 LARD.- Jan May 10.2 10.92 July :. 11.00 11.02 , SHORT RIBS. Jan. May ......10.82 10.25 July 10.52 10.62V Closing prices were: Wheat No. 2 red. $1.4 hard, $l.421.44. . Corn No. 4 yetiow, 70J71c; No. 4 white, 7071c. Rye No 8. $1.11, Barley 7$ 41 81c. T:mothy $6 7.50. Clover $12. 50$ IS. Clearances Wheat, 764,000 bushels; corn, 104,000 bushels; oats, 472,000 bushels; flour, 14,000 barrels, Foreign Grain Markets. LONDON, Jan. 23. Cargoes on passage, firm, 3d higher. . i.TVEBpnnL Jan. 23. Wheat not quoted. Corn, closed Is 4d lower. BUENOS AYRES, Jan. 23. Wheat, Is 4d nigher. Corn, Is 2d higher. Oats, 1 2d higher. Minneapolis Grain- Market. MINNEAPOLIS, Minn., Jan. 23. Wheat May. (1.38 bid; July. $1.35 bid ; No. 1 hard. $1.42; No. 1 Nortnern, $1.80 t 1.42: No. 2 Northern, $1.33 1.40. Barley, 68g74c. Flax, 81.89 1.92. Other Eastern Grain Market. ST. LOUIS, Jan. 23. Wheat closed: May, $1.4l1.41 bid; July, $1.22. DULUTH, Jan. !3. Wheat olosed: May, $1.40; July, $1.37 bid. WINNIPEG, Jan. 23. Wheat closed: May, $1.43 asked; July, $1.43. KANSAS CITY, Jan. 23. Wheat closed: May, $1.37 asked1; Vuly $1.20 asked. San Francisco Grain Market. SAN FRANCISCO, Jan. 26. Spot quota tions: Walla Walla, $2.402142 ; red Rus sian, $2.37 2.40; Turkey red. $2.402.45; bluestem, $2.452.50; feed barley. $1,553 157"; white oats. $1.80(81.85; bran. $31.50 SJ2.50; middlings, $3334; shorts, $32,59 0 33.50. Call board Barley, firm. December $1.47 bid, $1.50 asked; Slay. $1.65; spot. $1.S7 asked; January. $1.60 asked; Feb ruary,"$1.60 asked; April, 1.03 bid, $1.67 asked. puget Sound Wheat Markets. SEATTLE, Wash., Jan. 23. Wheat Blue stem, $1.44; Turkey red, $1.40; fortyfold, $1.42; club, $1.41; Hie, $1.37; red Russian, $1.34. Barley. $33 per ton. Yesterday's car receipt Wheat, SI; oat. 5; hay, 12; flour. 13. TACOMA, Wash., Jan. 23. Wheat Blue, stem, $1.45; fortyfold, $1.44; club, $1,400 1.42; red nfe, $1.40. Yesterday's car receipts Wheat, 27; oata. 1: hay, 18. FARMERS AID IN FIGHT PUBLIC HELPS IX STAMPING OUT FOOT-AND-MOUTH DISEASE. Eradication Most Rapid M here Co operation Jm Given Federal Au thorities -Quarantines Lifted. WASHINGTON, Jan. 23. The recent lift ing: ol the foot-and-mouth quarantines from large areas previously closed, and th mod ification pf the quarantines in still other sections has been made possible. Federal authorities say, by the co-operation, not only of the various state officials, but of farmers and stockmen themselves. Where this co-operation has been most In evidence progress in the eradication of the disease has been most rapid. The Federal author ities have of course control over the move ment of livestock in interstate commerce only; the local quarantines are established and enforced by the state. Their efficiency depends in great measure upon the willing ness of the people to submit to the neces sary restrictions. The people not only observed the quar antine regulations but they -did all in their power to expedite the work of slaughter. In many cases they had the ditches in which the animals were to be buried dug and waiting for the killing gangs. As a rule no objection . was taken to the ap praiser's valuation of the condemned stock, which is the more surprising In view of the fact that so little was generally known of the seriousness of the disease. The farmers did not want to part with their stock. They saw that the sore mouths and feet grew better and they had had no ex perience with the after effects of the pesti lence the constant aborting, the failure to produce milk, the ability to disseminate dis ease months after the visible symptoms had disappeared. Nevertheless they accepted the situation, helping Instead of hindering. Few Attempts Made at Concealment. Ia only a very few cases was there any attempt to conceal the existence of the iease, in fact public opinion was so strongly against this that it was practically impossible to do so. In one instance a man fed some skim milk from a creamery o a calf which later developed foot-and-mouth disease. It occurred to him to kill the calf and say nothing about the matter. The neighbor!., however, obtained some Inkling of the facts and notified the au thorities. After he had been forced to atfmlt that he had killed the calf the body was dug up and unmistakable marks of the disease found upon It. Within two weeks all the rest of the herd was Infected and bad to be killed. In addition the owner was fined S20 or so for breaking the quar antine regulations. The sentiment of the whole community, it should be noted, was against him. ' The danger from the foot-and-mouth disease is of course a passing one. Pre vious epidemics hsve been stamped, oui and there is no reason to supposa that this on will not be. Tuberculosis, however, is a permanent menace. Its symptoms are not so immediately noticeable, aad It la there fore, more difficult to trac the ortirin of the infection, but there is no doubt that U Is frequently oTissemlnated In skim milk In the same way that the foot and mouth dis ease was in the Instances deeoribed. To gether with the creameries, public sales of livestock have proved themselves moat dan gerous agents In spreading; foot-and-moatb disease. Ia Indiana and Michigan th stats authorities absolutely prohibited the hold ing of such sales In or adjacent to areas where the disease existed. The spread of the contagion In other states where this pro hibition was not enforced shows the value of the precaution, but It requires strong and determined action on the part of the local authorities. Elgin Batter Market. ELGIN, I1L, Jan. IX Butter til tab old at SOfto and 2ft tuba atlfte. HOG MARKET WEAKEmHG PRICES STEADILY DECHXB WITH HEAVY LOCAL RECEIPTS. Balk of Cattle Coming la Ar. at Pear Quality Sheep S.pply Ia Lean Taaa Demand, Five loads of stock were received at the yards yesterday, ana as usual on Saturday bat little, hnstness was transacted. Hogs declined another nickel. Keceipts were 2 cattle, tit hots and 1 sheep. Shippers were: With cattle J. U Cox, Easton, Idaho, one car. - With hops F. B. Decker, Hubbard, one car; E. Stlby, Myrtle, Idaho, one car; II. J, Sevier, Toppenish. one car. With mixed ioads C. K. Locke, Can by, one car cattle, gs and sheep. The day's sales were: Wt. Price! VTt. Trice 101 hors 1X2 in.mi 2 hogs ::xo $3.i io hogs irj o.ool et hogs 2;to .oj The oficlal weekly market report of the Portland Union Stockyards Company lol lews: ... P.ecelpts for the week have been: Cattle, 62S: calves. 01; hogs, SoSl: sheep, 29H. With the exception of a few cars, the cat tle receipts this week have been of mediocre qualltv. Tops have tailed to bring more than 7.'5 at any time since Monday. Monday witnessed the largest single ly i run of hogs ever received at North Portland, over 7200 head being received. Many halt fat and rough hogs are being received. The market is closing at trt.OO for tops. As usual, sheep continue more In demana than the supply. All offerings are being taken at steady prices. Lambs at i.50, yearling wethers, 6.5t; ewes, .V30. The following sales are representative ol the week s .trading: Wt. Pricel 1175 7.7r., iKil 7.60 7.40 e.oo; 24 steers. 2:1 steers. 'jrl steers. 40 steers. 2 bulls. . 1 heifer.. 1 stag. . . 4 calves. 2C3 lambs. . 1155 1141 14111 1.121 1111 2.17 02 Wt. Price 41 wethers ftl lt..i0 1 COW. .. KM I.UU 23 cows.. 1111 10 cows.. 1110 16 cows., 11S1 .50 6 40 .0 .s:. .to 6.73 7.00jI492 hogs.. ISO 5.73i 7!K hogs. . . 1X1 B.OOi 514 hogs.. . 211 6.731 7 .IS bogs.. . 187 Prices current at the local stockyards on the v.-trious classes of stock: Prime steers $7.3oaT.M 7.11.4a 7.50 .7B7.25 0$'.75 6.00(0 00 6.00 4.50 I 60? .0O 4.60.O 6.23 (ff . 0.2303.6(1 l.7IO 6 i 00 0 1.75 'III. Ill f.2l7.60 Omaha Livestock Market. SOWTH OMAHA. Neb., Jan. S!3. Hogs Receipts, 62O0: market, higher. Jt.sivy. $.656.73; light, 6.50W70- pigs. IJ.30W 6.25- tulk of sales, 8.BO0.70. Cattle Receipts. 100; market, steady. r.a. tlve steers, .u.750s.T5: native cows and heifers, $5.25 7.25; Western steers. S.7B( 7 00- Texas steers, 5.73S7; Texas cows and heifers. 5t6.To: calves, $T.3. Sheep Receipts. 300; market, stead. Yearlings. $(i.7SiS7."5; wethers. to.73i8.ij; lambs, 17.50 S. 30. Choice steers . . Medium steers Choice cows . .. Medium cows . Heifers Bulls Stags Hogs Light Heavy Sheep Wethers ...... Ewes Lambs ........ Chicago Livestock Market. CHICAGO, Jan. K3. Hogs Receipts. 11. 000; best grades steady at early advance of 10 to 15 cents above yesterday s average; other grades, weak, with advance mostly lost. Bulk of sales. $6.7007; light. l 5t 7.23- mixed. $ll..-.5t7: heavy. $6.3oU6.i. rough. $0.;t5.iO; pigs. 5.407.io. Cattle Receipts. 300; market, steady. Na tive steers, $3.5009.25; Western steers, . 7.30: cows and heifers, 3.208i calves, $7.23 1O.50. Sheep Receipts. 8000: market, weak. Sheep, 3.75fi,6.50; yearlings, $e..O7.60, lambs, Ia.7B4r8.on. GRAZING PRICES PUBLISHED Applications for Permits In Wcnalia Reserve to Be In by March 1. WALLA WALLA. Wash., Jan. 23. (Special.) J. M. Schmlti. Supervisor of the Wenaha National Forest Keserve, is now sending out notices to stock men of thl district that applications for grazing; permita mUBt bo filed with him not later-than March 1. There will be grazing; for 11,500 cat tle and horses and 103,100 sheep. Prices will be 60 cents tor cattle for 12 months, or 42 cents for the Summer season. Prices for horses will be 75 cents for the year and 62 cents for the Summer. Sheep will be cents a head for the grazing; aeason, June 10 to October 10. PRI NEVILLE DEBATERS WIN Wasco and The Dalles Defeated In Triangular Meet. WASCO. Or., Jan. 2S. (Special.) The Prlneville negative debating team met and defeated the Wasco affirma tive team by a vote of 2 to 1. The subject was the question of public ownership of railroads. At the same time the Wasoo negative team was defeated by The Dalles af firmative team by a score of 2 to 1. ... . . i ... nao-atlvA Ioiith was defeated by the Prineville affirmative team at Prlneville by a unanimous vote of the judges. The debates make Prlneville i Y, ITnnBii rnhimhln lilS- tne viciui in -'.. trlct of the Oregon High School Debat ing League ORDNANCE OFF FOR RUSSIA Tambov, of Voluntere Fleet, Sails With Hugs Gnns and Snpplies. ooiTTt.i! wh . Jan. 23. The Rus- i , f tift atAamshlD Tambov. carrying huge guns and other war sup plies maae in renuojtiiii .v. Russian army, win sail uora iiuu- ver, B. C, tonight tor viaaivostoa. nrhancn the carso will be shipped to Europe by fast train. The steamsnip iNovgoroa, sinu wmi siege guns and projectiles from Van- i ,.J vlnriivARtnk last couvei, ' " - Saturday. A third Russian steamer. the Kiev, is on me way to utuuia. SPOKANE EX-CLERK SOUGHT Glen B. Derbyshire Charged AMtn Embezzling $6000 From County. SPOKANE. Wash., Jan. 23. A war rant for Glen B. Derbyshire, former County Clerk, was issuea loaay. unarm ing him witn emDezzinis auw ui county funds. He announced, when He retired from office two weeks ago, that he was going to Honolulu. The Sheriff telegraphed Ban Fran cisco and Honolulu that a warrant bad been Issued. War Department In Choir. Atchison Globe While the church stands for peace, there frequently is a war department in the choir. i An extensive aeiiuoii "l i-.' - -quality has been discovered Id the fhllip-plnes MESS MADE OF DEAL British Government's Sugar Speculation Failure. 1 CALCULATIONS GO WRONG Big Parchase Brings Out Coinpcti tlve Offers From All Sides. Efforts Are Made to Straighten Out Tangle. When England Jumptd Into Ui aimar market at lha bt Inntnc of tb war and bouRht ao much ii .tar that th ntir American market wnt wlM with tha aoara of advancing prloea, hm not only cup1 a lot of annoyance lo tha rvt of Ilia worHt. but apparently bit oft more than ha could conveniently ch?w, In competition with other holder of an car. 1 art-king to protect Brlttfth rertnem attalnnt a m-urrltr of material ah coaxed out of lie hiding plaa mora available iUKr than waa auppoerd to xiat; tha aupply batng ao great a to make, the aale of her own tioltins difficult In competition with private offtire. The atory of thia Interesting etnte of af fairs la told ' In a review of tha Oovem ment'a sugar apeculatlon. Juet published In connection with tha annual market report of James Dunn, Ltd.. of OiMfow, and fur nishes good reading for anyone Interested In governmental trades or In tha attgar mar ket. "It early became plain," save the report, "that the government purchaae and th Royal CommiMion'e arrangements to supply refiners was not working satisfactorily com. petltlva offers coming from neeonn-hitnd seller at relatively lower prlcea. Toward the end of October the Commissioners re duced values to 2s d per ewU In order, they aay, to contend with the opposition from Independent holders. "It had become clear that the transfer renee by purchase of l,K0,yK tons of sugars by government account was not suf ficient to dominate the situation. Tha world's visible supplies and the Invisible accumulations from the overproduction of former years were too heavy to be easily held in check, so that, with prlcea doubi those of quite recent times, offers to sell began to pour In from all sorts of pi sees at rates ao much under thoae quoted for gov ernment sugars as to place the latter In a, position which rendered them practically unsalable. Artificial Situation KetaMUhed. "In a word, an operation considered nec essary In order to prevent a sugar fnmliia waa overborne by conditions dead against any such conclusion, so that, what wh It govern men t prlcea maintained at a nigtt level, off era from producing countries of ready, near and forward delivery sugars much under government rates, and finally hy the most mysterious remedy against famine, the prohibition of further Import, an artificial situation was established w hie it reduced everything connected with the trade to what may be described as a state of suspended animation. "it may uppear strange, seeing their position towards the trade gnve them not the slightest claim for consideration, that It was to arbitrats'lste the hi me office au thorities, committed the manipulation of tha government speculation, and equally ao that th subsequent d lupous, I of the sugar had all but fallen Into the same bauds. As retterd the latter part of th'e affair, however, the royal commlftnlon hud by th time it became necessary to attempt liqui dation come Into existence, and appeal for consideration having been made lo Ita members through a ooalltion, astutely formed of claimants who bad really suf fered through the art Ion of the govern ment, and those whose business bad been upset in quite another way, this point in the affair became Interesting. "As the result of these appeals th work and emolumenta affecting this section of the transacUon under, nt a process of distribution, which, perhaps, berauee it did something to fill the gap made in the busi ness of the former and provided a gift in the shape of th lion's share In the spoil for the latter clnss. Is being carried out with as much gravity aa such a position of affairs can properly support. "As to the world's probable supplies for 1015, the reductions In the European pro ductlo.i arlxlng from the war are not llkeia to be so frreat as to drive up prices to any very extreme point, or. In fact, even to maintain them tinder fair conditions at their present level. Th supply, now prac tically restricted to cane sugar, required t meet the drafts on account of thla eounir need give no concern, "It was recently mad abundantly clear how much waa possible in this respect when the government adventured upon th business of sugar dealing, and jiniging by the retidjtifttmenta whleh ar tnklng plec In the matter of supply th feci H es for purchasing are certain to be aa great as they were then se-n to be. Th 1.w.0m tons required to meet the consumption of the United Kingdom will easily be obtained from the 7.Soo.tmo tons of cane sugar whih from all reliable account a appears aa th minimum production available for 1IH.1, so that with the assistance of the ltrltlsh navy In keeping the trade routes open a return to normal conditions and lower prices may be anticipated. " CALDWELL MARKET GROWS United Stales and l'orrlgn Nations) Antony Horse Hujcr. Since tha organisation of th Union Stockyards Company at Caldwell, Ida ho, a year and a half asro that point has become an aetlvo horss market. All kinds of stuck tr, handled. Sine tha beginning: of business the romnnny's receipts have aKKrt-itated 12.000. The stock Is gathered chiefly from Southern Idaho aad Kaslern Orciron. Hales are held monthly. Tha volume of business Is Increasing" steadily. The demand for cavalry horses occa sioned by tho war has brought inspec tors from several European countries to this point. In November the British government took over a consignment of 200 head. Tha United States la also In the market, having- purchased 200 head recently. One of the directors of the Stock yards Association is in New York nego tiating with representatives of a Eu ropean nation for another consignment of rsvnlrv horses. OVERBECK & COOKE CO. Brokers. Slocks, nonds, Cotloa, iiraia, fete. 116-117 BOARD Or TBAniC BLMO. MEMBERS CHICAGO BOARD OF TRADE. Carresponrfenls f le(aa Bryaa. Chicago and ew York. MKMBKK (nr York Hlork Kirhanga fhlrsso Mtock Kirlmin Konton KtiM-k r.xrhBiig I Iim-sko Hoard ol 1 rude rw lork l ultnn Exchange rw Orlron. Cnttnn Exchange w York t'ottro Exchange New York Produce Escliange Liverpool Coltoa Ass'a TBAVKl-rttW CPIDB. STEAMSHIP bolls mrsct For SAN FRANCISCO LOS AKOBI.ES AM BAN ntFOO. Tuesday, Jan. 26, 2:30 P. M. COOS BAY LINE STEAMSHIP BREAKWATER Sails from Alasworth dock. Portias. P. u svsry Tursd Krslf at ind tltxtl oirioo. " . k- D SL i ' Si ft A I . 1 H SBw I lower a miwumi uw . " V,, T L U Keating. Agent Phones Main WOO. K M'in Cit Ticket Office. HO felath at. 41 Sungti; Igwu ?aeat Marsi.sU ". A U