THE MORNING OREGONIAN, THURSDAY, DECEMBER 19, 1907.
19
DATES ARE FIXED
Calls Issued for Meetings of
.- Oregon Hopgrowers.
PLAN GENERALLY FAVORED
AVoodhurn, Salem, Portland, Mc
Minnville and Independence Are
the Places First Selected
for the Growers' Meetings.
All th details have been arranged for the
meetings of Oregon hopgron-er who have
decided to form a state association to he a
part of the Pacific Coast Hopgrowers- Union.
The California committeemen, headed by
M. H. Durst, who have come to Oregon for
this purpose, have fixed the rollowlng dates
for the meetings:
Woodburn, Monday, December 23.
Palem, Tuesday. December 24.
Portland, Thursday, December 26.
McMlnnvllle, Friday, December 27.
Independence. Saturday, December 24.
The meetings will begin at 10 A. M. on
the dates fixed and all the growers are re
quested to be on hand early as much im
portant business is to be transacted.
The sentiment in favor of a union has
taken a strong hold on the growers of Ore
gon. Washington and California. The South
ern state has already been well organized
and as most of the Oregon growers seem
enthusiastic over the plan, it Is believed a
a majority of them will Join It.
CERE.4L MARKI7TS FIRMKR.
Renewed Buying of Wheat at Better
Prices.
A very fair buying movement is again
under way In the wheat market with the
prospects good for a volume of trade equal
to that of the Drst part of the month, not
withstanding the holiday season is at hand.
The advance In Liverpool, due to reports of
damage to the Argentine crop, has been
followed by higher prices In all the Ameri
can markets. Cables reported English buy
ers again in the market and taking some
cargoes. In addition to the business being
worked here on foreign account, there is
Iso a fair California demand with good
prospects of a heavier movement In that
direction after the turn of the year. The
railroad situation Is pronounced satisfactory.
nd some of the large grain handlers are
getting all the wheat they can use.
The Hour market is steady, both for
local and export grades, and Is likely to re
main so for some time to come. Export In
quiries are coming along, but few sales
are reoorted. The Orientals seem to be
prevented from buying now by the low price
of silver on the other side, but the belief
prevails that before Spring opens they will
have to come Into the market because of
their reduced supplies.
The mlllfeed market remains strong with
prices showing an upward tendency.
The oats market, after being dull for
several months, has taken on 'a firmer tone
because of a better demand. The sale of a
big lot of 1000 tons was reported yesterday.
The Eastern oats market has advanced
sharply of late, but prices are not right yet
for any exchange of business with this
section.
There is a continued inquiry for barley
from Eastern brewers and shipments are
-being made regularly. In view of the small
compass to which Northwestern stocks have
been reduced it Is considered probable that
prices will be higher on feed and brewing
grades after New Tear's.'
Better Movement In Eggs.
Front street Is receiving better supplies ot
gg from the country and a general tone,
of weakness is perceptible In the market,
but some good orders are coming In from
6eattle and have prevented any further de
cline in prices. Eastern eggs naturally share
In the weakness, though the Eastern mar
kets are very steady.
The poultry market was oversupplled with
chickens and .some shading of prices was
necessary to keep them moving. Live tur
, keys were slow, but dressed turkeys were In
better demand.
Butter was firm without change In price.
Good Holiday Trade In Fruits.
The fruit dealers are In the midst of their
holiday business, which, on the whole. Is
nearly as large at Is was a year ago. The
principal arrivals yesterday were threw
cars of bananas, which were In excellent
condition and badly wanted. A, car ot celery
and a car of sweet potatoes will ffe In
today. The strong demand for citrus fruits
is the feature of the market now, but ap
ples are also moving better.
Bank Clearings.
Clearings of the Northwestern cities yes
terday were as follows:
Clearings. Balancea
Portland X 787.64.1 , S 81,827
Seattle l,42O.0l2 12S.2"3
Tacoma 730.10(1 2.1.158
Spokane 1 K77.U02 171.1U0
PORTLAND QUOTATIONS.
Grain, Floor, Feed. Etc.
MILLSTUFFS Bran, city, fzt: country
'-4 per ton; middlings, $29; shorts, city,
24. 50, country, S25.50 per ton; chop, 17 19
per ton.
WH EAT Club, 82c; bluestem, 84c; Valley.
82c; red, 80c.
OATS No. 1 white, 28; gray, $28
FLOUR Patent. ?4.95; straight. 4.40;
i'.e;r 14 40: Vlley. 4.40; Graham flour,
4.254.75; whole wheat flour, 4.50iS5: rye
Hour. 3.50. . .
BARLEY1 Feed. 27.50 per ton; brewing.
31; Tolled, $30.
CEREAL FOODS Rolled oats, cream 00
pound sacks, ber barrel, 8; lower grades,
6.00(S7.50; oatmeal. steel-cut 45-pound
sacks, S.OO per barrel; 9-pound sacks, $4 50
per bale; oatmeal (ground). 45-pound sacks
$S per barrel; 9-pound sacks. 4.00 per bale
split peas, per 100 pounds. $4.20S 4.80; pear!
barley, 44.50 per 100 pounds; pastry flour
10-pound sacks, J2.60 per bale; flaked wheat'
3.25 per cate. '
CORN Whole. 32; cracked. $33
HAY Valley timothy. No. I, $18 pel" ton:
Eastern Oregon timothy, $2023; clover
15; cheat, $15; grain hay. $lotfl6: alfalfa!
$15; vetch, $14.
Butter, Eggs, Poultry, Etc.
BUTTER City creameries: Extra cream
ery, 31 hie per pound; state creameries,
fancy creamery. 35'37ttc; store butter
choice. 20c.
CHEESE Oregon full cream twins. 16
10V4c; Young America. 17iS174c per pound.
VEAL 75 to 12.1 pounds, 8f9c; r5 to
150 pounds, 7c; 150 to 200 pounds, 564o-
POHK Block. 75 to 150 pounds, 66V-c;
packers. 66Hc.
POULTRY Average old hens. llimC;
mixed chickens, 11c; Spring chickens, n 14
12c; roosters, 8c; dressed chickens. 12
13c; turkeys, live, 15c; dressed, choice, llljj)
20c; geese, live, per pound. 8fc; ducks.
12',i13Vc; pigeons, $li& 1.50; squabs, $2
EGGS Fresh ranch, candled. 3Sc per
dosen; Euatern, 2530c per dozen.
Vegetables, Fruits, Etc.
DOMESTIC FRUITS Apples. 75ci9 2 jit
box; peaches, 73CG$1 per crate: pears. $1.25
- &1.75 per box; cranberries. $9.5012 per
barrel. ,
TROPICAL FRUITS Lemons, $2.5094.00
per box; oranges. navels. $1.752.75;
grapefruit. J: bananas, 5c per dozen, cratea
50; pineapples. $1.50 per dozen; pome
granates, $2.25 per box; persimmons. $1.60
per box; tangerines. $1.75 per box.
ROOT VEGETABLES Turnips. 75c per
sack; carrotr. 05c per sack; beets, $1.00 per
sack: garlic. :-c per pound.
FRESH VEGETABLES Artichokes. 90c9
$1.00 per dozen: bean. 7&!c per pound: cab
bage, lo por pound; cauliflowers, 75c$1.00
doz. ; celery, $3 503.75 crate; lettuce, hot- I
house. $101.25 per box; onions. 1520c '
per dozen: parsley. 20c per dozen; peas, lie
per pound; peppers. SOlTc per pound;
pumpkins, lfij lc per pouna; radishes. 20c
per dozen; KpinacrY, 6c per pound; sprouts.
8c per pound; squash. l14c per pound;
tomatoes. $1.50 per box.
ONIONS Buying price. $1.75(91.85 per
cwt.
DRIED FRUITS Apples. - 88C per
pound; apricots. 16 (9 10c; peaches, 11013c:
pears. 11 Si -3 He; Italian prunes. 206c;
California figs, white. In sacks. 698SC per
pound; black. 4H5c; bricks, 73c $2.25 per
box; Smyrna, lS'&(20c per pound; dates,
Persian, 6H7c per pound.
POTATOES Buying price. 50G3c per
hundred, delivered Portland; sweet potatoes,
2.73 3 per cwt.
Groceries, Nuts. Etc.
RICE Imperial Japan, No. 1. 614c; South
ern Japan, 3403ic; head, 7hic
COFFEE Moclia, 24U2Sc; Java, ordinary,
1720c; Costa Rica, fancy, lS(320c; good. 16
GISc: ordinary. 12ltic per pound. Columbia
roast, cases, 100s, 14.50; 50s. $14.75; Ar
buckle, $16.63; Lion, $15.88.
SALMON Columbia River. 1-pound tails,
$2 per dozen; 2-pound talis, $2.95; 1-pound
flats, $2.10: Alaska pink, 1-pound tails, 93c;
ed. 1-pound talis. $1.55; sockeyes. 1-pouna
talis. $1.90
SUGAR Granulated, $5.60: extra C. $5 10;
golden C $5.00; fruit sugar, $5.60; berry,
$5.60, star. $5.50; beet sugar. $5.40. Advance
sales over sack basis as follows: Barrels.
10c; hi barrels. 23c; boxes. 50c per 100
pounds Terms: On remittances within 15
days deduct 14c per pound; If later than 15
days and within 30 days, deduct He; maple
sugar, 15&1SC per pound.
NUTS Walnuts, 15H20c per pound by
sack; Brazil nuts, 19c; filberts. 16c; pecans,
111 18c; almonds, 19 20c; chestnuts.
Ohio. 25c; peanuts, raw, 6J 8Sc per
pound; roasted, 10c; plnenuts, 10Q12C,
hickory nuts, 10c; cocoanuts, 35 90c per
dozen.
SALT Granulated, $18.00 per ton; $2.25
per bale; half ground. 100s, $13.50 per ton;
50s. $14.00 per ton.
BEANS Small white. 4c; large white,
4iic; pink. 4.20c; bayou. 4c; Lima, 6Vie;
Mexican red. 4c.
HONEY Fancy. $3.503.75 per box.
Provisions and Canned Siesta.
BACON Fancy breakfast. 22V4c pound;
standard breakfast. 19 Vic; choice, 18 Vic;
English, 11 to 14 pounds, 17c; peach, 15Vic.
HAMS 10 to 11 pounds. 14c pound; 14
to 16 pounds', 13V4C: IS to 20 pounds, 14c;
picnics, BJijC; cottage, 12c; shoulders, llVac:
boiled. 24c.
SAUSAGE Bologna, long. 8c; links. 7y-o.
BARRELED GOODS Pork, barrels. $20;
balf-barrels. $11; beef, barrels, $10: half
barrels, $5.50. ,
DRY SALT CURED Regular short clean
dry salt, 12c; smoked. 13c: clear backs,
ry suit, 12c; smoked, I3c; clear bellies, 14
to 17 pounds average, dry salt, none;
smoked, none; Oregon exports, dry salt. 13c;
smoked. 14c.
LARD Kettle rendered: Tierces, lie
tubs. 13c; 50s, 13c; 20s. lJUfcc; 10s. 13Vic;
5s, 13c; 3s. 13ic. Standard pure: Tierces,
llc; tubs. 12c; 60s, 12c: 20s, 12 Vic; 10s,
l2VtC; 5s, 12c Compound: Tierces. 8V4c;
tubs, SVic; 50s. 8c; 20s, 8c; 10s, c;
ts. 9c.
' Hops, Wool. Hides. Etc
HOPS 1U07, prime and choice, 67c per
pound; old.?, 2c per pound.
WOOL, Eastern Oregon, average best. 13
20o per pound, according to shrinkage;
Valley, 1820c, according to fineness.
MOHAIR Choice, 2lfc,80c per pound.
CASCARA BARK i'iifOo per pound;
car lots. 7c per pound.
HIDES Dry, No. 1. 15 pounds and up,
12W12V4C per pound; dry fc!p. No. 1. 5 to 15
pounds, 12c per pound; dry calf, No. 1,
under 5 pounds. 14c; dry salted, bulls and
stags, one-third less than dry Hint: culls
moth-eaten, badly cut, scored, murrain, hair
slipped, weather-beaten or grubby, 23c per
pound less; Baited hides, GGc; salted kips,
5&)Cc; calf skins, 78c; green hide, lc per
pound less.
FURS Bearskins, as to size. No. 1. $59
20 eacn; cubs. $l$f3 each: badger, prime,
25 50c each; cat, wild, with head perfect,
30 50c; cat, house, 520c; fox. common,
sray. large prime. 5O70c each; red. $3 5
each; cross. $515 each; silver and black.
$100(300 each; fishers, $5S each; lynx,
$4.50(6 each; mink, strictly No. 1, accord
ing to size. $13 each; marten, dark north
ern, according to size and color. $1015
each; pale. pine, according to size and
color. $2.504 each; muskrat, large, 1215l
each, skunk. 30(&40c each, civet or pole
cat, 515c each; otter, for large, prime
skins. $610 each; panther, with head and
claws, perfect, $2(5 each; raccoon, for
prime, large, 50 75c each; wolf, mountain,
with head perfect, $3.505 each; prairie
(coyote), C0c$1.00 each; wolverine. $601
each.
PORTLAND LIVESTOCK MARKET.
Prices Quoted Locally on Cattle, Sheep and
' Hogs.
The local livestock market holds about
steady with no change In prices. Receipts
yesterday were 300 hogs. 58 cattle. 118
sheep and 220 lambs.
The following quotations were current in
the local market:
CATTLE Best steers. $3.754; medium.
$3.233.50; cows, $2.652.85; fair to me
dium cows, $22.25; bulls, $1.502.25;
calVes. $3.50 4.
SHEEP Good sheared, $4.254.75; full
wool. $4.50133: lambs. $4.50(83.
HOGS Best. $55.23; lights and feeders,
$4.50 & 5.
Eastern Livestock Market.
CHICAGO. Dec. 18. Cattle Receipts. 21.
OOO: market, strong to 10c higher. Beeves,
3.406.15; cows and heifers, $1.154.60;
calves, $55.70; Westerns, $3.204.75;
stockers and feeders, $2.304.25.
Hogs Receipts, about 40.000; market,
mostly 10c lower. Light, $4.304.75; mixed,
$4.3004.80; heavy, $4.304.75: rough, $4.30
Hi 4. ISO; pigs, $2.503.50; bulk of sales, $4.55
4.70.
Sheep Receipts, about 22.000; market,
steady. Natives. $2i4.50; Westerns, $2
4.50; yearlings, $45.25; lambs, $3.75jf6.20;
Westerns, 3.75SP6.10.
OMAHA, Dec. 18. Cattle Receipts. 4200;
market, stead. Native steers, $3.255.05;
native cows and heifers. $2tg4; Western
steers. $34.60: range rows and heifers,
$1.753.50; calves, $25.75; canners, $1.50
2; stockers and feeders, $2.50 4.25 ; bulls
and stags, $1.503.50.
Hogs Receipts. 8S00; market, 6 10c low
er. Heavy. $4.334.43; mixed. $4.304.33:
light, $4.254.35; pigs, $4 4. 30; bulk of
sales. $4.30(1)4.40.
Sheep Receipts, -4000; market, steady.
Yearlings. $4.204.40; Aethers, $4 4-20;
ewes, $3.504; lambs, $53.85.
KANSAS CITY, Dec. 18. Cattle Receipts
9000; market, strong to 10c higher. Na
tive steers. $4.00(g.5.75; native cows and
heifers. 2.2o5: stockers and feeders, $49
4.45; calves. $3.5O0: Western steers, $3.60
5.25; Western cows, $2.40 4.
Hogs Receipts. 11,000; market. 510c
lower. Bulk of sales, $3.504.55; heavy,
$4.3504.50; packers. $4.304.43; pigs and
lights. $4 4.45.
Sheep Receipts. 4OO0; market, strong.
Muttons, $44.S0; Iambs. $3.2541)0.25: range
wethers, 3.735; fed eyes, $3.254.35.
Metal Markets.
NEW YORK. Dec. 18. The London tin
market recovered a part of lis recent se
vere loss, with spot closing at 117, and
futures at 119 Os Locally the market
continued weak, with quotations ranging
from S5.3TVtc to 26.12V4c.
Cooper was higher in the London market,
with spot quoted at 58 and futures at 59
10s. Locally the market was weak and un
changed, with lake quoted at 13.00 13.25,
electrolytic at 12.73 13c and casting at
12.50 12.75c.
Lead was 15s higher at 13 17s 6d In-the
London market. Locally. however, the
market continued weak and was another
5 points lower at S.35'8'3.45c. '
Spelter advanced to 20 20s Od In the
London market, but continued weak at 4.15
4.25c In the New York market.
The English Iron market was lower, with
standard foundry at 48s 6d and Cleveland
warrants at 49s 3d. Locally no change was
reported.
Dried Fruit at New York.
NEW YORK, Dec. 18. Evaporated ap
ples, easier; fancy. 115211Vc; choice, 10c;
prime, 8Vi?9c, and 1906 fruit, 7Villc.
Prues Steadier, with quotations rang
ing from 4&c to 16c for California fruit,
and from 7 to'79ic for Oregons.
Apricots Unchanged: choice, 22c; extra
choice. 23c; fancy. 24ifC25c.
Peaches Steady; choice. 1212c; extra
choice, 12msi3Vte: fancy, 1313Vic; extra
fancy. 1401414c.
Raisins show no fresh feature; loose Mus
catels lelng quoted at 7'a7c; seeded at
7'5i9ic. and London layers, 11.7081.80.
Wool at St- Louis.
ST. LOUIS. Dee. 18. Wool, steedv. Ter
ritory and Western mediums, 2023c fine
mediums, JO 21c; fine, 15 17c.
FEW STOCKS ACTIVE
Most of tne List Is Neglected
and Inert.
GENERAL TONE IS GOOD
Dividend Declarations the Main Fac
tor - In the Market Tension in
Call Money Rate Is Relaxed.
Bonds Are Very Irregular.
NEW YORK. Dec. 18. The heavy conges
tion of today's dealings In a few stocks
pointed unmistakably to the professional
character of the market.. This was particu
larly marked in Reading, in which orders
for many thousands of eharea were executed
from single houses.
The fact that action was looked for during
the day on the dividend on this stock added
to the interest in the large transactions.
Reading' aggressive upward turn, after early
weakness, affected the tone of the whole mar
ket in sympathy. This was partly due to the
co-erlng of a professional short account,
which has been built up In the last few day
on the talk of the difficulties to be. met In
conforming to the law against ownership of
coal mines by the railroad companies, which
goes Into effect May 1. The stock reacted
on the regular dividend declaration. New
York Central was an Indifferent sharer in
the general upturn. In spite of the refuta
tion of recent unfavorable ruraons by the dec
laration of the quarterly dividend at the 6
per cent rate Inaugurated at this time last
year.
This action was foreshadowed by the dec
laration of the extra dividend yesterday on
Lake Shore & Michigan Central, the two prin
cipal eubsidiary companies of the Central.
The good Impression made by the mainten
ance of the dividend rate was modified to
some extent by consideration of the earnings
statement of the compauies. Even In the
case of the subsidiary companies the extra
disbursements left the surplus showing much
below the conservative standards of those
companies. Without the expansion of the
parent company' other income, the ability
to maintain the dividend rate out of current
earnings was plainly, impaired. Not only has
the Increase In operating expenses for the last
year far outstripped the growth in gross
earnings, but the addition of new capital
during, the year has enhanced the dividend
requirement . on earnings, even at the un
changed rate. The effect of the dividend dec
laration, therefore, was not notably favorable
to the stock. The favorable effect on Pennsyl
vania of the Increase in the Pennsylvania
Company's dividend was scarcely greater. On
the other hand, more particular', it was
quite weak on the circulation of rumors
throwing doubt on the maintenance of its
dividend at the ' present rate.
One of the day's events that relieved the
market from some pressure was the relaxa
tion of the tension in the call money market.
The high rate was 12 per cent. and there was
a recession from that in subsequent loans.
There was leas calling of loans by the banks
and holders of stocks were freed to that ex
tent from the pressure to sell. The relapse
in the rates for cables on London pointed
to one source of relief. Yesterday there was
an active demand for remittance by this
method, which was ascribed to the approach
ing obligations to be met at the end of the
year In that market to foreign holders of
stocks and bonds for dividends and Interest.
A rebound of the London price of copper and
tin was of some assistance to industrial
stocks connected with the metal trades. The
London money market was helped by the re
lease of funds held In the Bank of England
to the order. of the Indian council which
served to take up large offerings of German
bills for discount in London. The German
money situation and the means to meet year
end requirements in that market afforded
anxiety in other financial centers. .
In spite of the activity and mobility of a
few stocks, the mass of the securities was
Inert and neglected.
Bonds were Irregular. Total sales $1,922.
000. United States bonds unchanged on call.
CLOSING STOCK QUOTATIONS.
. Closing
... , Bales. High. Low. Bid.
Adams' Express iu-
Amal Copper .... 42,500 43i '42" 43'i
Am Car & Foun. .5t.O so 2!)V4 zui;
do preferred
Am, Cotton Oil... loo 28 28 " 27 V,
do preferred j73
American Express . "
Am Hd & Lt pf .....
American Ice 9,000 2ivi '26" IKvi
Am Linseed Oil fr
do preferred .... , Y.'.W 22
Am Locomotive .. loo 34 V4 '34 hi 35
do preterred .... 100 87 87 sou
Am Smeit & Ref.. 85,500 70 68 6il
ao preferred .... 800 00 iw 8u
Am Sugar Ref 16,300 97V4 84 "A tMl
Am Tobacco otfs. 400 70 6i N4i '
Anaconda Mln Co. l,tH 2714 26-C "7
Atchison 2,400 71 ' 6aa? ?0
do preferred ' " jjj
Atl Coast Line.... 400 B6ti. '66 oti
Bait & Ohio 1,700 ug SSfc
do preferred .... 100 76 76 75
Brook Rap Tran. 8,300 38 37 3714
SenfrdaiaofNeTC- "
S5rG1 $Z
Chicago & N W.. 200 134V4 134 134
8h,MTe? I't.1:: ..6:? T :.105
do preferred " ' 30
O. C, C & St Louis 200 53 'ia'u 55
Colo Fuel & Iron. 200 19 19 18V2
Colo & Southern.. 1,300 1 0 1 19?
do let preferred. 300 47 4BV4 47
do 2d preferred.. 6u0 8SVi 87-li 37
Consolidated Gas . gB
Corn Products ... 100 II "ii" io
do preferred I.O11O 54 54 58
Del & Hudson 1,000 142V- 142V4 141 V4
Del. Lack & West Js5
D & R Grande 600 ' 19 19 iitlt
do preferred ..... 0
Distillers' Secuii 6,300 28 25-" 27 Si
Brje . 00 16 1 6
do 1st preferred. 100 84 84 34
do 2d preferred.. .. "3V4
General Electric... SOO 114 112" 113
Illinois Central .. 400 122 121 HOV.
Int Paper gu
do preferred .... 1,600 54 V4 . si" 5't
Int Pump
do preferred .... 600 61 60 61
Iowa Central . ..... .'. i
do preferred - . 00
K C Southern ... 1.200 22 22 " 22
do preferred 62
7xuls & Nashville I.GoO 91 89 9
Mexican Central... 1.7iK 14 14 14
Minn Sc St Loul". 200 24 24:11 "7
M, St P & S S M 100 77 77 77
do preferred . j.
Missouri Pacific... 9.800 4S 4" 47
Mo. Kan Sc Texas 200 25 24 25
do preferred 100 57 57 56
National Lead .... 200 88 37 u 37.V
Mex Nat R R pf . 43
N Y Central 22.1O0 1M B2 rU
N Y. Ont West . . 300 31 31 .11 34
Norfolk 4 Western 64
do preferred 75
North American.. 400 43 42 41s;
Pacific Mail 900 25 24 24V
Pennsylvania 16.100 111 110 jiiu
People's Gs 800 78 78 77
P. C C St Louis bt.
Pressed Steel Car.. 7O0 19 18 is
do prefe-red 200 66 66 S6
Pullman Pal Car 143
Readlns- 237.6O0 1 Sfl 92
do 1st preferred. 200 75 74 74
do 2d preferred 75
Republic Steel ... 100 16 16 1fl
do preferred 65
Rock Island Co.. 8no 14 14 14
do preferred .... I. .too 28 27 28
St L S F 2 pf. 600 29 28 28
St L Southwest ; 14
do preferred , oft
rVnthern Pacific. .. 9.200 73 71a; 70
do preferred 108 107 107
Southern Railway. SOO 13 1 1?.
do preferred .... 200 86 25 n
Texas ft Pscific' 20
Tol. St 7., West.. ttV) 35 35 .3.1
Union Pacific 63.510 li 114 11514
do preferred 200 79 78 7S
tr 8 Kxpress . , 90
TT p Tieeltv 30
U S Ruhher 100 19 18 181,
do preferred .... 9"0 tb T"S 7114
TJ S Ptel 1H.1"0 ?5V, ?r;
do preferred .... 8.800 87 86 8fi
V-Caro Chemical 19
rl urefer ed 9A
Wbeh 9
r-.fe-red 6O0 18 17 '7
Tri!-.w-rn Er 3-n
Weetlren'-.-e F.lec 50 41 1 41 tn
tvetrn t'nlon .. 70 5' K5' HSM
Wheel I. Erie. IOO 8 fl
Weon' C'Tiral., 13
do preferred IOO ! 31 31
Northern Pacific... 13.100 118 113 114
200 14Ti 14 14
Sloss Sheffield ; 34
Gt Northern pf 9,200 115 113 118
Int Metal 10o 6 6 6.
do preferred .... 900 17 17 17
Total sales tor the day. 671,900 shares. '
STOCKS.
NEW YORK. Dec 18. Closing quotations:
V. S. ref. 2s reg.104N Y C G 3Vjs 8
do coupon 105 North. Pacific 3s 66
V- S. Ss reg. . . .101 North. Pacific 4s 9
do coupon. ... IOI Va
TJ. S. new 4s reg.119
do coupon .... 119
Atchison adj. 4s 81
D & R G 4s. . 90
South. Pacific 4s 81
Union Pacific 4s 99
Wiscon Cent 48 78
jjapaneae 4s 78
Stocks at London.
LONDON, Dec. 1'8. Consols for
82; do for account. 82 11-16.
money.
Anaconda ... 5.50 IN. Y. Central 96.50
Atchison - 72.00 Norflk Jt Wee 0.1.75
do Dref . . . . 8s.r,o An
82.00
Bait & Ohio 82. SO Ont & West..
Can Pacific. .153.02'Pennsylvanla.
32-25
57.00
5.12
46.75
13.00.
i nes ac unio 2.75 iRand Mines..
Chi Grt West 7.50
Reading
v. m. & s. P. 104. 0O
De Beers 15.62
D & R G 20.25
do pref 60.00
Erie 16.25
do 1st pf . . 35.00
do 2d pf . . 24.00
Grand Trunk 18.78
III Central. . .127.00
L & N 92.00
Mo. K- & T. . 25.50
Southern Ry.
do pref. . . .
38.00
South. Pacific 72.75
Union pacific. 117.50
do pref. . . . 82.00
TJ. S. Steel 26.25
do pref 89.25
Wabash 10.OO
do pref lft.oo
Spanish 4s. . . 90.02
Amal Copper. 44.50
Money, Exchange, Etc.
NEW YORK, Dec. 18. Prime mercantile
paper, 8 per cent.
Sterling exchange, firmer after decline,
with actual business In bankers' bills at
S4.S664 8605 for demand and at $4.8010
4.81 for 60-day bills. . Commercial bills,
$4.80.
Money on call, firm, 3 12 per cent: ruling
rate, 12 per cent: closing, 8 per cent.
Time loans, nominal: 60 days, 1218 per
cent: 90 days, 8&10 per cent: six months,
8 per c.nt.
Bar silver, 52 c.
Mexican dollars, 41c.
Government bonds, steady; railroad bonds,
irregular.
LONDON, Dec. 18. Bar silver, flat,
24 3-16d per ounce.
Money. 34 per cent.
The rate of discount in the open market
for short bills Is 66 per cent.
The rate of discount In the open market
for three months bills is fi6 per cent.
SAN FRANCISCO, Dec. 18. Silver bars,
52c.
Mexican dollars. 52c.
Drafts, sight, par: telegraph, 10c.
Sterling on London, 60 days, 4.80;
sight, $4.86.
Dally Treasury Statement.
WASHINGTON. Dec. 18. Today's state
ment , of the Treasury balances shows:
Available caih balance, $268,825,291 ; gold
coin and bullion. $32,034,092; gold certifi
cates. $71,722,040.
Treasury Buys Silver.
WASHINGTON, Dec. 18. The Treasury
today purchased 253,000 ounces of silver for
delivery at San Francisco. Denver and Phil
adelphia at 52.712 cents per fine ounce.
BETTER THAN YEAR AGO
SECURITY VALUES OX A SAFER
BASIS THAN FOR LONG TIME.
Present Prices of Stocks Fully Dis
count Any Dividend Reductions
That May Be Made.
Henry Clews, writing from New York
under date of December 14. says of the
financial outlook:
The "speculative condition Is conflicting.
Our panic is unquestionably over, but the
after effects are still with us. Time is re
quired to complete readjustment to the new
conditions, as well as to enable recovery
from (he tremendous losses suffered during
the year. The undertone is certainly
towards Improvement, but prolonged ad
vances are prevented by an. eager disposi
tion to take profits. anI by the fact that
each high level when reached Is apt to in
vite fresh liquidation In quarters where
assistance was rendered during the late
panic. Such conditions cause periodic short
selling; hence, we find a greater division of
opinion on the market and a stronger bear
party than has been seen for years. The
bears, however, lack leadership and are not
very aggressive; for lt is appreciated that
security values have had a tremendous
shrinkage, and that In the absence of fur
ther disaster are more likely to recover than
to shrink. In many respects the situation is
really better than a year ago, because the
worst Is known and the future is chiefly a
matter of recognition of and adjustment to
changed conditions.
The Immediate future may seem complex
and somewhat depressing, but the process
of readjustment is well under way and both
finance and Industry are rapidly settling
down to a healthy and more normal basis
on which to construct the next forward
movement. It Is premature to say that the
turn has come. The present depression Is
likely to be protracted until all of the weak
spots have been thoroughly eliminated,
which is not yet the case. Nevertheless, se
curity values have discounted the worst and
are on a much more substantial and safer
basis than they have been for the past five
years. Even should dividends be reduced,
as Is not Improbable, that would be no rea
son for further depreciation. Present prices
fully discount such posslbftltles, and good
securities purchased during the past few
weeks are Sure to show handsome profits to
those who hold them for a sufficient length
of time. Business operations of all sorts will
have to be conducted with unusual conserva
tism during the coming month, but confi
dence should gradually revive, especially as
the monetary situation begins to right Itself.
QUOTATIONS AT SAN FRAN CISCO,
nice Paid for Produce In the Bay Cits
Markets.
SAN FRANCISCO. Dec. 18. The follow
ing prices were quoted In the produce mar
ket today:
Vegetables Cucumbers, $11.50; garllo,
46c; green peas, 2 5c: string beans, 6
12c; tomatoes, 50c ft1 $1.50; egg plant, 10
12 c.
Poultry Roosters, old. $4'f 4.50; roosters,
young, $5.GOf$8: broilers, small, $3(&3.50;
broilers, large. $4r&5; fryers, $5GW; hens, $4(9
9; ducks, old, $45.; young, $57.
Butter Fancy creamery, 35c; creamery
seconds, 32c; fancy dairy, 25c; dairy sec
onds, 24c. ,
Fruits Apples, choice. $200; common.
60c; bananas, $13.50; Mexican limes, $3.50(9
4.50; California lemons, choice, $3.50; com
mon, $1.25; oranges, navels $22.7S; pine
apples, $2 4. v
Eggs Store, 28ff30c;- fancy ranch, 48c;
Eastern. 2Tc.
Cheese New. 13 16c; Young America,
14 17c: Eastern. 18c. .
wool apnng. tiumootat ana Aienaocino,
2425c; South Plains and S. J., 638e; lambs,
1113c.
.Hops Old. 2ff3c; new. 610c.
Mlllstuffs Bran. $2892S; middlings, $31
32.
Hay Wheat, $12$17.50; wheat and oats,
$13915.50; alfalfa. $!14; stock, $8 10;
straw, per bale, 45Jj85c. '
Potatoes Salinas Burbanks. $1.25:51. 60;
sweets, $2.252.50; Oregon Burbanks, $1
1.25.
Onions $1.75(32.10 per cental.
Receipts Flour. . 8530 quarter sacks;
wheat, 1250 centals; barley. 5255 centals;
oats. 40 centals: beans, 1924 sacks; corn,
60 centals; potatoes, 8400 sacks; bran, 100
sacks; middlings, 180 sacks; hay, 640 tons;
wool, 117 barrels; hides. 834.
Dairy Produce in the East.
CHICAGO. Dee. 18. On the Produce Ex
change teday the butter market was steady;
creameries. 20(28c: dairies, $1725c.
Etjgs Steady; at mark cases Included,
24 25c; firsts, '23c; prime firsts, 25c; ex
tras, 27e.
Cheese Steady at 11 12c.
NEW YORK, Dec. 18. Butter, eggs and
cheese, steady and unchanged.
Coffee and Sugar.
NEW YORK. Dec. 18. Coffee futures
closed steady, net unchanged to 5 points
lower, sales. 18,000 bags. Including: Decem
ber. 5. SO 5. 83c; February, 5.80i5.S3c;
March, 5.85 5.90c; -May, 6.00c; July, 6.05c.
and September, 6.10c. Spot, steady; No. 7
Rio. 6c; No. 4 Santos, 8c. Mild, quiet;
Cordova, 9I3c.
Sugar Raw, firm; fair refining,- 3.30(9
3.35c; centrifugal, 96 test, 3.85c; molasses
sugar. 8.0O3. 05c. Refined, steady; crushed,
5.50c; powdered. 4.90c; granulated, 4.80c
Central Leather
do preferred .
EARLY GAINS LOST
Conflicting Argentine Reports
Unsettle Wheat Market.
VOLUME OF TRADE HEAVY
Opening Is Firm, but Later Advices
Indicate Favorable AVeather
Conditions in the South
American Republic.
CHICAGO. Dec. IS. Although sentiment
in the wheat, pit was very bullish when
trading began; owing to reports of wet
weather In Argentina, the upward tendency
of prices was checked for a time by heavy
selling by longs. Toward the end ot the
first hour, however, prices advanced sharply
on a cable dispatch from Antwerp, which
showed a gain of 3 to 3c In the price
of wheat there. On this up-turn the May
option advanced from $1.03 to $1.07. The
volume of trading In the meantime was
heavy. Later In the day the market broke
severely on reports which indicated that
weather conditions in Argentina in general
were quite favorable to harvesting. Earlier
gains were all lost on this decline. May
opened c lower to c higher at $1.05 to
$1.05. sold up to $1.07 and then declined
to $1.04. The close was weak, lower at
$104.
The corn market showed little response
to the early advances In wheat, sentiment In
the pit being rather bearish all day. May
opened unchanged to c lower at 5Sc,
advanced to 5c and then declined to
58c. The close was at 5858c, a net
loss of ! lc.
Oats were firm. at the start, owing to the
strength of wheat, but weakened with wheat
and closed at the lowest point of the day.
May opened unchanged to c higher at
6454c. sold at 55c, then declined to
54 c, where It closed with a loss of c.
Provisions were Inclined to be weak be
cause of selling by local packers, which was
chiefly Inspired by a 10c decline In live hogs.
At the close. May pork was off 2c; lard
was a shade lower and ribs were also &
shade lower.
The closing futures ranged 89 follows:
WHEAT.
Open. High, Low. Close.
December ...$ .98 .90 .S .98
May 1.05 1.07 1.04 1.04
July .99 1.00 .98 .9S
CORN.
December ... .5S .59 .67 .57
May r,i .00 .," .5S
July 68 .58 .57 ..57
OATS. ,
May, old ... .54 .55 .B4 .54
May, new ... .53 .53? .52 .62
July, old ... .49 .49 .48 .48
July, new ... .46 .46 .45 .54
PORK.
January 12.05 12.65 12.65 12.05
May 13.05 13.12 - 13.00 18.10
LARD.
January .... 7.70 7.77 7.70 7.75
May T.77 7.85 7.77 7.82
SHORT RIBS.
January .... 6.75 6.75 6.75 6.75
May 7.00 7.05 6.97 7.05
Cash quotations were as follows: -
Flour Steady.
Wheat No. 2 Spring, $1.091.13; No. 3, $1.00
4J-1.12; No. 2 red. 98cg1.30.
Corn No. 2, 61c; No. 2 yellow. 65c.
Oats No. 2, 60c; No. 3 white, 60
53 c.
Rye 78c.
Barley Fair to choice malting, 88(g9Sc.
Flax seed No. 1 Northwestern. $1.14.
Timothy seed Prime, $4.30S4.35.
Clover Contract grades, $16.25.
Short ribs Sides (loose) $6.75(g7.25.
Pork Mess, per bbl., $12.1212.25.
Lard Per 100 lbs.. $7.35. .
Sides Short, clear (boxed) $7,0017.12.
Whisky Basis pf high wines. $1.35.
Receipts. Shipments.
Flour, bbls 37.100 25.600
Wheat, bu. 78,000 K3.900
Corn, bu MS.40 151. 40O
Oats, bu 430.500 107.600
Rye, bu 6,000 4.500
Barley, bu. '89,100 25,800
Grain and Produce at New York.
NEW YORK. Dec. IS. Flour Receipts.
21.400 bu. ; exports, 26,300 bu. Steady, with
a fair trade.
Wheat Receipts. 80.000 bu.; exports,
200.500 bu. Spot steady; No. 2 red, $1.04
elevator and $1.06 K f. o. b. afloat; No. 1
Northern Duluth. $1.12 f. o. b. afloat; No. 2
hard Winter, $1.15 f. o. b. afloat. An
early c advance In wheat on reports of
rains in Argentina was later lost on news
that the West was selling. Foreign houses
sold In NewYork, but had fair orders for
cash wheat, final prices showing c -to
c net loss for the day. December closed
$1.06; May. $1.11 1.11 ; July. $1.06
1.07, closed $1.06.
Hops quiet.
Hides dull.
Wool and petroleum steady.
Grain nt San Francisco.
SAN FRANCISCO, Dee. 18. Wheat
Steady.
Barley Steady.
Spot quotations: WTieat Shipping. $1.60
65; milling, $1.70(1.75.
Barley Feed. $1.521.S5; brewing.
$1.621. 67.
Oats Red. 75c$1.00; white, $1.551.65;
black, $2.76jf3.00.
OUboard sales: Wheat, May, $1.65 bid:
barley. May, $1.63; corn, large yellow, $1.70
1.75.
European Grain Markets.
LONDON. Dec. 18. Cargoes, firmer. Cali
fornia, prompt shipment, 3d higher at 39a
3d; Walla Walla, prompt shipment, 3d
higher at 39s.
LIVERPOOL, Dec! 18. Close: Wheat
December, nominal March, '8s d; May,
8s d.
English country markets, firm; French
country markets, SO centimes cheaper.
Minneapolis Wheat Market.
MINNEAPOLIS. Dec. 13. Wheat May.
$1.10; July, $1.11: No. 1 hard. $1.09;
No. 2 Northern. $1.05; No. S Northern,
$1.00 S 1.02.
Wheat nt Duluth.
DULUTH. Dec. 18. Wheat No. 1 North
ern. $1.08; No. 2 Northern. $1.04; De
cember. $1.04; May. $1.11.
.Wheat at Tacoma.
TACOMA. Dec. 18. Wheat, unchanged.
Bluestem. 82c; club. 80c; red, 78c.
New Low Records for Metals.
NEW YORK, Dec. 18. The Iron Age to
morrow will say:
The week has brought some fresh low
records for the metals. Tin has sold under
26 cents. Lead has gone down to 3c New
York, and spelter down to 4.20c New York.
Just what transactions are passing In copper
are being very carefully guarded. Electro
lytic copper has sold down to 12c.
New York Cotton Market.
NEW YORK. Dec. 18. Cotton futures
closed steady, net 1 point lower to 2 points
.higher. December, 11.26c; January, 15.56c;
May, 10.83c; June, 10.83c; July, 10.74c.
PAY OF WOODCHOPPERS
Says There Are From 25 to 50 Men
for Every Job.
PORTLAND. Dec. 18. (To the Editor.)
I se that John Newman's advice to H.
Hamilton, who could not And work, U to
go to a wood yard and follow the first load
ot slabwood that is hauled from the yard,
as 19 chances out of '20 the purchaser Is
anxious to ffet lt Into the basement at
once. -
This Is true In one way and in another
lt is not. People like to have the wood
out ofthe rain, all rtgrht, but If the wood
carrier refuses to brine In the wood' for
what is offered they allow lt to lay for a
week or a month, if necessary. Nineteen
chances out of 2o. they want a man to cartS
it' In for a meal or two, or 25 cents In cash,
and then they want a quantity of kindling
wood snllt for good measure. I dare say
that Mr. Newman never carried wood Into
a basement for anyone In his life, for no
man can carry a load of green or dry slab
wood iuto a basement and pile lt In two
hours' time. It will take from two and
one-half hours to three hours' time at the
best and he will perspire good and hard.
The highest price woodhaulers get Just
now Is BO cents, and there are from 25 to
50 woodchoppers to every Job. Some men
get only one cr two Jobs a week. "and some
only once In two or three weeks. So it
Is really an Injustice and Insult to tell the
working class that a man can make from
$1.50 to $2 per day In these short days.
I don't care how Industrious he may be. he
cannot do lt. I want to say right here that
John Newman does not know what he is
talking about. G. MICHELSON.
HELP BETTER THAN TALK
Discusses Difficulty to Obtain a Job
and Hold It.
PORTLAND. Or., Dec. IT. tTo the Edi
tor. 1 The dlstressesd condition of H. "Ham
ilton, who made an earnest appeal through
the columns of yesterday's Oregonlan, is
worthy of relief and consideration. There
are many like him In Portland, and I should
l!ke to know what the City Board of Chari
ties Is doing not to notice these urgent
requests for help. Or Is the Board leaving
the task to the open-hearted gentleman
at 214 Falling building who offers to help
those who need It. It pleases me to note
that we still have men amongst us who
are ever ready to give a helping hand.
Some of us care very little how the under
dog lives. Neither do we care what be
comes of the unfortunates. Does anyone
realize what lt Is to be hungry not merely
hungry, but downright starving? that
feeling where one contemplates ending his
misery by destroying his life? There are
often cases like this, and after we read
about them we forget all about the affair.
A little assistance like the above has been
the means of saving many an unfortunate
from the river, and although we don't miss
it, we are doing an act of charity towards
God and man.
It is all very well, as a correspondent
writes, to follow up a wood wagon and earn
75 cents Tor putting wood In the basement,
but does the correspondent know that there
are at least half a dozen men following up
every wagon? Advice of this kind doesn't
do any good. A helping hand and helping
the man to get work is more encouraging
than advice.
ARTHUR B. BONNER.
BRIEF NEWS BY TELEGRAPH
New York The liner Oceanic, sailing for
Europe Tuesday, carried 85.107 money orders
worth 41.192,422.25, which is a record cargo.
Pittsburg More than 100 all-steel passen
ger cars will be in use on the Pennsylvania
Railroad between Pittsburg and New York
shortly after January 1.
New York In pursuing her kitten 4-ye--old
Francisca Cressa knocked hot coals out
of a stove Tuesday, set fire to her clothes
and was burned to death.
New York Maxwell Crooke, a Brooklyn
teacher, had his name changed to Croohe,
because Crooke made him the butt of his
pupils and his sweetheart would not accept
such a name.
Chicago Directors of the Board of Trade
expelled Daniel C. Wright because his plea
against paying a grain commission's flrm'i
claim was that board of trade transactions
were gambling.
New York Madame Nordloa will make
her debut as an actress January 1 in Mrs.
Van Vechlen's Divorce Dance." with Mrs.
George J. Oould. formerly Edith Klngdon,
and Kyrle Bellew.
Orchard Haven, Mass. The schooner
Jesse Barlow, of Mystic, Conn., was run
down and sunk in pollock Rip Slue by the
tug Lehigh, Tuesday night and her crew of
six men narrowly escaped.
St. Petersburg-r-Olga Pteln,- a Russian
woman, who was being tried on charges of
fraud and swindling, jumped her bail when
she saw the trial was golnp against her.
She was charged with having defrauded
certain persons of $ 300,000.
New York The Allan liner California, ar
riving Tuesday, brought as Its sole flrst
class passengers seven Scotchwomen, all of
whom were coming to marry Scotchmen In
America, who had paid their passage.
lana Ins. Mich. At a conference of elec
tric railroad managers with tne State Rail
road Commission the former stated that
passenger rates on Intarurban lines cannot
be profitable at less than cents a mile.
Springfield, 111. The Supreme Court
Wednesday held that the anti-cigarette act
does not prohibit the sale of cigarettes
made from pure tobacco, but only those
which have substances deleterious to health.
Washington The regulation requiring
soldiers to stand at salute while the "Star
Spangled Banner" la being played Is modi
fied so as to permit the men to stand erect
and to salute only at the last note of the
music.
San Francisco The Guggenheimji for their
American Smelter Seouritles Company have
taken an option on 1500 acres of land In
Contra Costa County on the Straits of
Carqulnez. near Martinez, as a site for a
new smelter.
Chicago A Coroner's Jury has found that
Dr. o. E. Wald Is not responsible for the
death of Mildred Hanson, a child, at Lake
view Hospital, but the legal committee of
the Medical Society will bring the matter
before the grand Jury.
San Francisco The strong box of the
New York Jewelry Manufacturing Company
was robbed of over $90O worth of diamonds
and gold Tuesday night, the thieves drilling
a hole through the rear wall and picking
out the contents with forceps.
New York Captain A. 1. Cha of the
Artillery Corps, who Is acting as his own
attorney before a court-martial, examined
himself by asking himself questions and
then 'answering them. He blamed everything
on Lieutenant-Colonel Deems.
'Chicago George Rex Clark, blind from
birth, graduated from the University of
Chicago with an A. B. degree. He made
marvelous advancement In his studies and
telegraphy and typewriting. He rooted on
the football field, following the game by
the shouts. He is a graceful dancer.
University of California, Berkeley. Cal.
Edwin A. Olsen, a sopohomore In the col
lege of mining, was found dead In the hills
near Paso Robles by searchers, who were led
there by his dog. An inquenc showed that
his shotgun wounds were self-inflicted. Des
pondency over ill-health Is the reason.
Jamestown, Pa. Charles Summers, a
wealthy farmer, has been arrested for crim
inal assault on Maud McCrumb, a teacher,
whose screams attracted help. A mob sur
rounded the Jail demanding the prisoner,
who was hurried to Greenville for safety.
Paris Henry Rlenklewlcz. the Polish
author, has published a protest and appeal
to the ' intellectual world against the Ger
manizing of Prussian-Poland, especially the
recent proposition made by Prince von
Buelow, the German Chancellor, for the
expropriation of land belonging to Poles.
New York Rev. L. L. Conrady. the priest
who administered the last sacraments to
' Father Damien at the leer colony at
Molokal. Hawaiian Islands, and took up
Father Damlen's work, is seriously ill with
the grip. He came to America to raise
$30,000 for his leper colony near Hongkong.
Washington The PostofTice Department
has Issued an order that such Inscriptions as
"Merry Xmas," "Happy Isew Year," "With
Best Wishes," etc., together with the name
and address of the adressee and of the
sender, may be written upon mall matter tf
the third and fourth class or upon a card
enclosed therewith without affecting Us
classification.
Chicago Richard T. Crane, Sr., a million
aire manufacturer, who has founded several
courses In manual training in the grade
schools of Chicago opposes all special educa
tion for men about to enter the industrial
field. He says the money of Carnegie and
Armour was made by men who had no such
training and that the best education Is long
experience and observation In an up-to-date
factory.
Drunken Official Double Killer.
GOLDFIELJ). Nev., Dec. 18. Later de
tails of the double shooting at Rawhide
yesterday indicate that Martin O'Brien.
Deputy District Attorney, will have to
answer for the murder of Bessie Gard
ner and a waiter known as "Curley
O'Brien, It Is said, was Infatuated with
the Gardner woman. Yesterday, inflamed
Lester Herrick 6 Kerrick
Certified
Public Accountants
Office
Wells f'arco liuildlns.
HERBERT EI.f.ES SMITH
Local Manager.
Otkrr Offices
San Francisco Merchants Exchange
Seattle.. Alaska Building
Ixa Angoles. .... .Union Trust Building
Key.- York 30 Broad Street
Chicago lss U Salle Street
With liuuor. lie threatfnprt hnr
ed a pistol at her. She struggled for th
ncupuu aim leu 10 me noor. UUricn shot
her as she lay prostrate. "Curley" rushed
In to prevent the shooting, but received
the second shot Intended for the girl. The)
girl U not expected to live.
0"Brien was appointed Deputy Attorney
only a few days ago. He Is said to be a
graduate of Santa Clara College, Califor
nia, and to have won distinction In Okla
homa and Arizona territories in the prac
tice of his profession.
THE TARIFF MUST BE CUT
Kepubllcan Leaders Who Object Are
Making a Grave Mistake.
VANCOUVER. Wash.. Dec. IS. (To ttis
J?dltor. ) r want heartily to commend Ths
Oregonlan for Its couracfmis stand In favor
of the people and analnst the mltakn
and culpable policy of those Republican
leaders who for a brief time are able ta
thwart the will of the rank and file of ths
partj-.
A recent editorial Is In point, wherein It
Is Intimated that It may require a defeat
to teach our leaders the necessity of a
change in our tariff policy. It required cour
age of no mean order for a srreat Kepubll
can dally to take that position, but I havs
a deep conviction that It is well taken.
Our Industrial conditions have so changed
within the past 15 years, that to contlnus
the present system of high tariff protection
Is a crime against civilization. It begets
poverty and want among the common peo
ple, and thereby leads to social evils as
atrocious as to threaten the very exlstem-s
of the Republic. It begets class hatred
with all Its danger, lolly and damnable In
fluence. Not much longer. I think, can the will of;
the people be defeated vy such men as
Cannon. Foraker and other beneficiaries of
"the Interests." especially when the great
Republican dallies take up the fight for
honesty and Justice. Since the President
refuses to pe a candidate In 1908, I bellevs
that Robert II. La Follette, of Wisconsin, i
will best command the support and cord-'
dence of the Kepubllcan voters, and perhaps
he is the only one except the President
who can defeat William .1. Bryan.
BDOAH M. SWAN.
Suspend Miners' Assessment Work.
WASHINGTON'. Dec. 3 8. The Senate
today discussed for two hours a bill to
allow a suspension during 1908 of the
law requiring annual work on mining
claims in the course of being perfected
to the amount of at least $100 annually.
The bill was urged because of the dif
ficulty of securing funds for prosecut
ing the work. Action on the measure)
was finally defeated by a motion by
Carter, who called for an executive ses
sion at the moment the bill was to be
voted upon. It cannot now come up
until after the holidays.
Tuft Will Arrive Today.
SABLE ISLAND, N. S., Dec. 18. The
steamer President Grant, from Ham
burg, for Xcw York, was in communi
cation with the Marconi station, 90
miles southeast, at 7:40 A. M. She will
dock at New York about 3:30 P. M.
Friday. Secretary Taft Is on board tha
Grant.
WE WANT YOUR POULTRY
EGGS and VFAI. and 1IOOS
Highest CASH FRICK8 Paid
Prompt Returns Write Us
SOUTHERN ORKGON COMMISSION CO.
07 Front 81.. Portlnnd.
W H MrCorouodale. Manager.
TRAVELERS' GUIDE.
THE WAY
TO GO EAST
NEXT TRIP TRY THE ORIENTAL
LIMITED THE GREAT NOR
THERN'S SWELL TRAIN.
Dally to L Paul, Minneapolis. Duluth
St. Louis. Chicago and all points East.
Crosses both mountain langes by day
light Complete modern equipment,)
Including Compartment Observation;
cars and elegant dining car service.'
For tickets and sleeping car reserva
tions, call or address
II. DICKSON, C. P. tt. T. A,
122 Third Street. Portland. Ore.
Phones Main 680. Home A 2286.
PORTLAND BT. LIGHT POWER CO.
CARS LEAVE.
Ticket Office and Walting-Room, '
First and Alder Streeta
FOR
Oregon Cltv :0, 6:23. 7:00. T:SS,
8:10 S:43. :0. 9:0S. 10:30. 11:05. 11:40
A. M.: 12:15. 12:60. 1:25. 2:00. 2:35. 3:10,
3:45. 4:20. 4:55. 5:20. C:05. 6:4U, 7:15,
7:50. 8:25. 9:00. 10:00. 11:00. 12:00 P. M.
Grrsham. Boring. Eagle Creek, Ksta
eada. Caiudero. Tuirviev and Trontdale
7:30. 0:30, 11:30 A. M. ; 1:30. 3:40.
5:44. 7:15 P. M.
VAXCOCVER.
Cars Leave Second and W ashington Bts.
(i 15 8:50 7:25. S:Ul. 8:35. 0:10, 0:45.
10:20. 10:55. 11:30 A. M i 12:05. 12:40.
1-15 1-50 2:25. 3:0(1. :t:33. 4:10, 4:45,
6:20! 5:55. 0:30. 7:05, 7:40. 8:15. 8:20.
110:30, 111:45.
On third Monday In every month the
last car leaves at 7:05 p. M.
Daily, ex. Sunday. JDaily. ex. Monday.
SAN FRANCISCO PORTLAND SS. CO,
Only direct steamers to San Francisco.
Only ocean steamers sailing by daylight.
From Alnsworth dock. Portland, 4 P. M.:
SS Srnutor. Iec. 10. 1, Jan. 12. etc.
SS Coitta Klcm, lec. 20.
From Spear St.. San Francisco, 11 M.
SS Costa Kica. Dec. 20.
BS Senator. Dec. , Jan. 7, 19, etc.
JAS. H. DEWSON. Agent.
Ainsworin Dock. Main 268.
North Pacific S. S. Co's. Steamship
Roanoke and Geo. W. Elder
bail lor l-.ureka, bau Francisco and
Los Angeles direct every Thursday
at 8 P. M. Ticket office 132 Third
St., near Alder. Both phouos, M.
1314. II. YounR. Apent.
COOS BAY LINE
The Bteamship BREAK WATE7R leaves
Portland Wednesday ut 8 P. M. from Oak
it reet dock, fr North Head, Marfthftcld and
Coo Bay points Freight received till 4 P.
M. on day of sailing. Passenger fare, first
class, $ lO; second-ciass. $7. Including berth
afTd meals. Inquire city-ticket office. Third
and Washington streets, or Oak-street dock.
WILLAMETTE RIVER ROUTE
Steamer Pomona for Salem. Independence,
Albany and Corvallls, leaves Tuesday
Thursday and Saturday at 6:45 A- M-
St earner Oregonl for Salem and way land
ings, leaves Monday. Wednesday and Friday
at 0:45 A. M.
OREGON CITY TRANSPORTATION CO..
Office and Dock Foot Taylor Street,
Phone: Main 40; 2231.