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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 16, 1909)
THE SrORNIXG OKECOX1AN, TUTTRSDAT. DECEMBER 16, 1909. WILL NOT BE CHEAP That Much Is Certain About Turkey Prices. ACTUAL VALUES A GUESS Most Dealers, However, Do Not Look for a Repetition of the Extreme Thanksgiving . Quotations. rnin Markets Qniet. The -Christmas turkey market is begin ning to interest the trade. All ' kinds of prediction as to prices are being made, but no one seems to have any vry definite Idea a to what the outcome will be. As a usual thins, the Thanksgiving market is shrouded in mystery up to the beginning, while a very good line can be formed on the Christmas trade, but thi year It Is differ ent the Thanksgiving market was seen to be a bulJieh affair long before H opened, whOa the Christmas price, up to the present time, is an absolute puzzle. No one has a clear Idea what either the MLPply or the demand will be. Country reports Indicate a shortage of turkeys In Oregon, at least shippers convey that impres sion ta their advices,- but they may be hold ing back expecting a repetition of Thanks giving prices. Several cars of Eastern tur keys two at any rate, are coming in, and It is said the large retailer have already provided for their requirements. As for the demand, it la never as strong at Christmas time as at Thanksgiving, espe cially tn years of high prices, because of the assortment of other poultry ' and of meats available. The factor of greatest un certainty In the situation, however, is the extent of the demand from Seattle and oth er northern cities. This demand will be much less than It was at Thanksgiving, but whether It will be strong enough to affect local prices remains to be seen. Some of the Portland dealer think the market will range between 23 and 25 cents, and ethers look for prices of 25 to 27 cents. Tn the Kast shippers are forced to pay high prices In the leading turkey-growing ftectiuns. A dispatch from Cincinnati to the Chicago Packer vt December 11 says: Re ports from the Important turkey-iproducing districts In Kentucky and Tennessee indi cate that this season's crop as a whole in these two states Is very short. Some of the hest posted dressers and shippers estimate the total seHson's output will not be much more thun half the amount packed and sh:ppHl a year ago. They figure on both the I hanksgtving and Christmas operations. The coming week will wind up the ac t ivities of t he big dressers whose stock will so on the Has tern markets. Express l't. will go forward, particularly from Ken-Ui;-k. 'or h few days later. Fourteen to 1." puts is being paid for stock, but at some poin ts they are being bought at a little iess anil at others half a cent above this top il nil re is the price. The largest deal reported for this season waa the sale of 1 1 pO head at lit ii cents, pooled by the women of Scott County. It is reported that t lietv are several other ;ools in different Kentucky counties which are holding for IS cents. Dressers and shippers located in 'Southern InU la na. and Ohio report that they only shipped about one-third as many turkeys for ihe Thanksgiving trade, compared with-last year, and that their shipments combined for Thanksgiving and Christmas will only amount to about one-half as many as last season. Prices In these two latter states are ruling much higher than at Thanks giving and range from 13 to 1$ cents on foot. One big shtpper. in speaking of this year's deal, said: "We will have to have a 25-cent market for Christmas to make any money on the deal this year, owing to the high prices we have been compelled to pay for supplies In the country. The Thanks giving deal was successful ' and we all as a whole-made some money." LUXX IN COAST HOP MARKETS. Dealers Do Not I,ook for Much Activity Be fore Holidays Are Over. Hop buying has quieted ' down at all points on the Coast and dealers do not ex-' pect any particular revival of activity be fore the turn of the year. In export circles It Is believed the foreign demand .will not make itself felt until after the English elections are over next month. At any rate, the dealers do not look for any stir this side of the holidays. There may be a lit tle buying late In th3 month on Eastern account to complete December shipments, but that Is the extent of their expectations. In the meantime the market la holding Its own, as no goods are being pressed for sale. The larger growers and speculators are con fident that there will be a Uvefy market in the late Winter or Spring, when the short age In the world's supply will begin to make Itself felt to the consumers. Prices thn should respond to the actual condi tions of supply and demand and if the sta 1 1st ics on which the traders all over the world have been relying are correct the market valuations should be considerably higher than they ana now. VOAXTMJ3 Of GRAIN" TRADE IS SJdALL. farmers and Other Holders Ask More Than Sellers. Offer. Yesterday's grain trade was of small pro portions, owing rather to the lack of sellers than to any slackness of demand. Dealers were In the market to buy wheat, oat and barley, where they could get them at what they considered fair prices, but holders named extreme figures and showed no dis position to make concessions. The result was an Inactive market, as the demand, though good, did not appear to be urgent, local receipts. In cars, were reported by the Merchant Exchange as follows: A heat. B'l'y. Flour. Oati. Hay Mondsr 10 21 12 14 11 Tuesday 64 Wednesday .... 2S Tear ago ;i Season to date.U."i Year ago 7HJ1 35 1! 17 tl 409 8 5 S-'i4 43 14 3 15tf2 11MU CKKXSK OHDKUS ARE TLTtXKl DOWX, Advance Before the End of the Year Is Kxpt-MleU Butter linn. The cheese market is in a very firm po sition. The demand exceeds the Supply and outside orders are being turned down every day. An advance between now and the end of the year Is expected. Sutter continues firm at the old price. The poultry market was sluggish. Re ceipts were large and, but for shipments to the north, many coops of chickens would have been carried over. There was no de mand for dressed turkeys snd 2s cents was a nominal quotation. Eggs moved fairly well at unchanged prices. Hank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: , , Clearings. Portland ,iiU, fi k.. Seattle . Tacoma t-m rL Sl.1,247 epoksae ,..,,,. 8ii,7HT Balances. 107.3G2 Oraoa-e) and Apples Ml Well. Oranges and apples were the best sellers toe fresh produce market yesterday. The former were in good supply and Arm at from 1.80 to S per box. whrss the latter were steady and selling at a wide range. Vegetables were In good supply. A car each oC celery end cauliflower arrived dur taf Xbe 4ay he potato Jobbing trade was fair at the prices that prevailed before the recent cold snap. PORTLAND MARKETS, y Grain, flour. Feed. Etc WHEAT Track prices: Bluestem. $1.1S 1.20; club. $1.0f.1.09: red Russian. $1.06. Valley, $1.04; -W-told, Sl.os. BARLEY Feed and brewing, $30 per ton. FLOUR Patents. 6.ir per barrel; straight $4.85; export. 4.5.'; Valley. X3.70; graham, $5.50; whole wheat, quarters. sWTO. CORN" Whole, cracked. $36 per ton. MILLSTUFFS Bran. $28 per ton; mid dlings, $38; shorts, S2S.50&29.&0; rolled barlev. $;si . OATS No. 1 white. $?.,'513.."0 per ton. HAY Timothy: Willamette Valley. $1S 'JO per ton; Eastern Oregon." $1 S (v 21.50 ; ai falfa. $llfi.S0; clover. $15&1C; cheat. $15 16; grain hay, $l5<i. Dairy and Country Produce, BUTTER City creamery extras. 30c; fancy outside creamery, 34 (g 39c per lb.; store, 22H2 4c (Butter fat prices average IMrC per pound under regular butter prices.) EGOS Fresh Oregon extras, 45o per lozen; Eastern, 314t37Vc per dozen. CHEESE Full cream twins. 1818c per pound ; young Americas. 193 1ft c. I'Ul LTKY Herus, 1L '- J J V;C : fepnngs. Si lit V.c ; roosters. 8f3r 1 c ; d ucks. 1 ti. 16 1 c ; K'.-pse. 1 1 ( 12c ; turkeys, live, 21 22c; dressed. 24fc2."c. PORK Fancy. lO'fflOc per pound. VEAL Extras. 1111 Vs-c per pound. Vegetables and Fruits. FRESH FRUITS Apples, box; pears. $11.0 per box; Spanish Malaga. $77.50 per barrel; quinces. $1.25 1.50 per box; cranberrrles, $9 per barrel; per simmons. Si. 50 per box. POTATOES Carload buying prices: Ore gon, 60 4j76c per sack; sweet potatoes, lie per pound. TROPICAL ' FRUITS Oranges. $2.50(3; lemons, fancy, $6; choice. $5.50; grape fruit $3.60 4 per box; bananas, 55e per pound; pomegranates, ' $1.50 per box. Japanese oranges, $1.25 s$ 1.50 per bundle ; tangerines. $1.75 per box. - VEGETABLES Artichokes, 75c per dozen ; beans. 10c per pound; cabbage, lo per pound; cauliflower, $2 per dozen ; celery, $U.75'&3.30 per crate; eggplant, $1.75; hot house lettuce. $1.60 per box; peas, 10c per pound; garlic, 10c per pound; horseradish, $1.50 per box; pumpkins. 14jlc; radishes, 15c per dozen; sprouts, 8c per lb.; squash, 1 (& 1 4c ; tomatoes. 76c Q $1. SACK VEGETABLES Turnips, $1 per sack ; carrots, $1 ; beets, $1.50; parsnips, $1. iTO. ONIONS Oregon, $1.50 per sack. Provisions. BACOX Fancy, 27c per pound; standard. 22c; choice, 21c; English, 20 200- DRY SALT CURED Regular short clears, dry salt, 15 c; smoked. 16c; short clear backs, heavy dry salted, 16 c; smoked, 16c; Oregon exports, dry salted. 16c; smoked. 17c. HAMS 10 to 13 pounds. 17c; 14 to 16 pounds, 17 He; 1 to 20 pounds, 17c; hams, skinned 18c; picnics. 13 He; cottage rolls, 15c; boiled hams, 24 25c; boiled picnics. 21c. LARD Kettle rendered. 10s, 17 He; stan dard pure, 10s, 16 He; choice, 10s. 15 He. Compound, 10s, 11 14 c. SMOKED BEEF Beef tongues, eacha 60e; dried beef sets, 19c; dried beef outsides? 17c; dried beef inside. 21c; dried beef knuckles, aoc PICKLED GOODS Barrels: Pigs' feet, $13.50 : regular tripe. $10 : honeycomb tripe, $12; lunch tongues. $19.50; mess beef, ex tra, $12 : mess pork, $25. Hops, Wool. Hides. Etc, HOPS 1909 crop, IS 22 He; 1908 crop, nominal, 107 crop, 12c: 1906 crop. 8c. WOOL Eastern Oregon, 16 23c pound MOHAIR Choice. 25c pound. CASCARA B ARK 4 H c per pound, HIDES Dry hides, lS310c per pound; dry kip. 1718c pound; dry calfskin. ID 21c pound; salted hides, 10HHc; salted calfskin, 15 16c pound; green, lc less. FURS No. 1 skins: Goatskins, 15c $1.25; badger. 25&50c; bear. $6& 20; beaver, $G.50(&'8.50; cat, wild, 75c 1.50; cougar, perfect head and claws. $3 10; fisher, dark. $7.50011; pale, $4.00"; fox, cross, $33: Kray. 60 80c; fox. red. $S&5; fox. silver. $35(9100; lynx. $S1$15; marten, dark. $8& 12: mink. $8.50 5. 50; musk rat. 1 r. &; 25c : otter. $2. SO) 4 ; raccoon. 60 & 75c; sea otter, $100 250. as to size and color; skunks, 55&80c; civet cat. 10 15c; wolf, $:Vs3.50; coyote. 75c $1.25: wolverine, dark, $3i5; wolverins, pale, $22.50. HAY STOCKS LARGER NO LOGGER A SHORTAGE IV THE SEATTLE MARKET. Apples Are Weaker, WHU Fancy Fruit Quoted Lower Turkey Situation la Mixed. SEATTLE. Wash., Xec. 15. (Special.V With 49 carloads of hay reported arriving here today by rail. In addition to about 600 tons by boat from California, the hay short age was materially relieved. The efforts of the dealers to bnsak the corner are said to be bearing fruit and heavy receipts are promised for several days to come. The holders of the Kittitas hay crop, however, declare that this market cannot do without the timothy stock, regardless of the amount of other hay brought in from other points. Oats were not quite as stiff, and sales were made at $33. Wheat was dull , here. Railroads are reported as encouraging the loading of cars at country points for the first time since the strike commenced. The apple market Is weaker, with 'several dealers cutting 25 cents a box oh fancy fruit-stand stock. Spitzenbergs were re duced in some quarters to $2.50. A thou sand bundles of Japanese oranges were dis tributed today. This fruit holds steady at $1.85. The turkey market was mixed. With a lack of orders from retailers. Jobbers are unwilling to quote definite prices to ship pers. Where oiTers have been made the price Is not above 25 cents for dressed stock. Receipts of hens were heavier. Fresh eggs sold at 56 cents today. Cheese is very firm, with another advance likely. QUOTATIONS AT SAX FRANCISCO. Prices) Fa Id for Produce In the Bar City Market. SAN FRANCISCO, Dec, 15. The follow ing prices were quoted in the produce market today: Vegetables Cucumbers. 55 $? 75c ; string beans, 8lic; tomatoes, $11.75; garlic, 4(fl'Sc; green peas, SJilOc: eggplant. 57q 111 list u ITs Bran. $2S 5uSo: middlings, $20.50& 37.50. Butter Fancy creamery. 3&c; creamery, seconds. 31c; fancy dairy. 29c. Eggs Store. 47c: fancy. 64c. Cheete New, 17 H l!c; young Amer icas. 17-fllfle. Hav Wheat, $143 19; wheat and oats, $1317; alfalfa, $Uti 12; stock, $310; straw per bale, 50if70c. - Fruits Apples, choice. 73c $1.00; com mon, 5o(rt5c; bananas, ?5c&$3.5; limes, $4 4.50; lemons, choice. $3. 50 4; com mon, $1. 75j2.75; oranges, navels, $1.65(9 3.5t; pineapples, $3gS. Wool South Plains and San Joaquin t&lOc; Spring Humboldt and Mendocino, 13 O 15c Hops IS S 24c per pound. Hops 17 4i 23 He per pound. Potatoes Oregon Burbanks, $1 & 1.23; Sa linas Burbanks, $l.lo 1.40 ; sweets, $1.60 41. 7 5. Receipts Flour. 6605 quarter sacks; wheat, 1245 ctntals; barley. ZlaO centals; oats, 50 centals; beans, 1474 sacks; corn. 845 centals ; potatoes, 6??o sacks; bran, 15 sacks; middlings. 50 sacks; hay, SS0 tons; wool, 103 bales; hides. 65. Metal Markets. NEW YORK. 4Vec. 15. Standard copper on the New York Metal Exchange was weak today, with spot December and January closing at l-.75'!i 1-S 1-H: February, Match and April at. 1 l.S7 H T 13. 2rc. The London market was weak at 59 10s and futures at 60 10s. Local dealers quote Lake coppr at 13.25$ li. 02 Uc, electrolytic. 13.124 13.87 bo and castins at la-glS.SSc Tin was tlrm with stor and December quoted at 32.60 -S2.75c; January, . 32. 7G 32.82Hc; February, ;t2 .70 32.Oc ; March, 82.70ftf B2.95c and April at 32.75c bid- Lon don closed firm, with spot quoted at 148 1-Os and futures at 14S los. Lead. firm, following an advance from 4.50'j?4.60o in the selling price of a leading producer. On the local exchange spot was quoted at 4 67 44.60c. New York delivery; 4.40c tr as id East St. Louis London was unchanged at 13 13s 3d. Spelter was quiet with spot quoted at 6 2"Hc asked New York, 6.10c asked Bast St. Louis. Ixmdon unchanged at 23 2s 6d. The English iron market vm unchanged as was also the local market. New York Cotton Market. NEW YORK. -Dec. 15. Cotton Spot closed quiet. 6 points higher. Middling up lands. 15.15c; middling gulf. 15.40c. Sales, 200 bales. Futures closed firm. Closing bids: De cember, I4.sc; January. 14.99c; February, 15.11c; March. In Sac; April, 15.45c; Mar, li.Bo; June, IB. 67c; July, lS.PSc; Angust. le-40c ; September, IS. 99c ; October, li.S&c GOES TO G PER GENT Increase in the Reading Divi-J dend Rate. STIRS STOCK MARKET Steel I'nfavorably Affected by the Labor Situation at Pittsburg. Call Ioan Rate Con tinues Firm. NEW YORK. Dec. 15. The Reading divi dend increase cave the stock market the only semblance of animation it enjoyed today, coming after a period of torpidity. Operators in f took 3 were diffident about committing themselves to make contracts. The Reading- dividend situation bad aroused a good deal of uneasy surmise. The weak ness of the stock yesterday and at times today gave rise to an impressloa that the strongly claimed hopes of a dividend increase were to be disappointed.- The event pointed rather to the conclusloa that many wary speculative holders had preferred, to cash in their profits on the vague hopes of an increase rather than await a possible orush of protlt-taking sales on the increase. With -the announcement of a change in the form, but not in the amount of Lehigh Val ley dividend. Heading rallied and rose abov. 170. The actual announcement of the in crease in the Reading dividend to the 6 per cent rate came in the last half hour of the market. Use was made, as a depressing influence, of the formal declaration of war against the open shop position of the United States Steel Corporation by the labor conference at Pitts burg. A loss of a point at the opening meas ured the extent of this influence. Remittances to London to provide for pay ment of obligations on American securities held abroad continued and held up the ex change rate to near the gold export level. A hardening of London discount rates ana re sort of borrowers to the Sank of Knglan-d kept up the attraction for outside funds, although the Inauguration of a transatlantic gold movement would be expected to point towards Paris from New Tork. owing to the obligations 'of the London market to the Sank of France. There was little change in the local money market. The call loan rate touched 6 per cent again. An Incident of the day was the payment of the Standard Oil dividend, which called for the disbursement of flO.000.000. Bonds were steady. Total sales, par value, t4.020.OUO. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Allls Chalmers pf. S00 ui 6-4V4 64 Amal Copper .. 25,00ft S8i, 87 87 Am Agricultural ... 3U0 4t: 46 45 Am Beet Sugar ..... 47 Am Can pf TOO 8494 84 H Am Car & Foun. 1,800 72 71" 72 Am Cotton Oil . . &n .6914 8li 6i Am Hd & Lt pf. 800 47 ij 46 46i4 Am Ice Secuxi . . . 200 25 25 5 Am Linseed Oil.. .. 15 Am Locomotive . . 3O0 60 60ta 61 Am Smelt Ret. 12.300 101 100 loiy, do preferred 800 111 llla Hla Am Sugar Ref ... 800 12S 123 1 123 hk Am Tel A Tel.... 1.40O 143 142 142 Am Tobacco pf ........ ..... ..... 905 Am Woolen . . . 800 37 S6 376 Anaconda Mia Co. l.TOO 50 49 49H Atchison ..... 10.000 122 121",' 121 1. do preferred, 700 104 104 104Vi Atl Coast Line ... .700 138'A 13614 13T Salt l& Ohio L800 117 117 117 do preferred ......... ..... 91 Bethlehem Steel 33 Brook Ran Trail.. 4.KOO Roi. Tftli RO i-e-nfi'adian Pacific .. TOO 179 ITS 170M genual jjeainer x.iuo WAt 4U. 4ttt do preferred ... ...... ..... ..... 106i5 Central of N JT. ... 3-lo Chei. & Ohio 2.800 8714 87 87i Chicago & Alton.. 3.100 77 7 J Chicago Gt West. 1.600 21i 21t 21 Vi, Chicago & N W.. 6oO 181 H 180 180 O. M & St Paul.. 4.600 157 156 15714 C. C. C Sc St L 7814 Colo Fuel cjt Iron.. 6.600 52 61 52 Colo & Southern .. 200 5614 5614 561 do 1st preferred. 100 81 81 H 81 do 2d preferred. 2O0 8014 80 14 60i Consolidated Gp. . 1.2O0 151 15014 150 Corn Pro-ducts ... l.ioo 2H14 22-54 23 Del & Hudson .... SOO 1S314 183 183 D & R Grande ... 1,300 BO 49 60 do preferred ... 200 864 86ti 86 Distillers- Securl .. S.Ooo 38 36 38 Brie L 6.5O0 S414 33 34 do 1st preferred. 2.900 6114 " 6014 61 do 2d preferred. 200 4114 41 4114 Geaeral Electric .. 500 ISO 15914 15914 Gt Northern pf . 2.1O0 14414 143 14414 Gt Northern Ore 1,200 81 80 81 Illinois Central .. 300 14714 147 147M Interborough Met.. 7.4O0 24H 23H 23 do preferred ... 4.800 6114 6 6014 Inter Harvester 1.4O0 IIO14 109 100 Inter-Marine pf .. 3oO 23 23'4 23 Int Paper . " 900 16 1514 1514 Int Pump .......... 50 Iowa Central .... 400 294 29 2914 K C Southern ... 400 44 43 434 do preferred 704 Louisville & Nash S.200 154 153 Minn & St Lou!. 200 53 5.1 62V. M. St P S S M. SOO 142ii 14014 141 Missouri Pac-iflc .. 1.800 7214 71 72 Mo. Kan & Texas.. 6,500 60 49 49 do preferred 74 National Biscuit 115 National Led .... ROO 87 R7U. 87 Mex Nat Ry 1st pf 200 5S!i 5Sii 5Sli N" T Central 3. 500 124 12314 123 N T. Ont & West. 1.300 49 49 49 Norfolk & West.. 9O0 I0014 100 100 North American .. 6.2O0 85 S4 8514 Northern Pacific .. 1.400 14614 146 146 Pacific Mall I.400 41 39 40 Pennsylvania 26,loo 135 134V. 13414 People's Gas 300 114 11414 114H P C C ft St L SOO 9.0 98 R Pressed Steel Car. SOO 5214 61 U 5114 Pullman Pal Car. IOO Ry fiteel Spring.. Koo 62 61 6114 Reading ; 113.8O0 171 ls 170 Republlo Steel ... 1,000 4614 45 46 do preferred ... SOO 10714 IO6I4 107 Rock Island Co.. 28.SOO 4414 43 43 do preferred . . .' 800 91 14 9074 91 St L S ir 2 pf. l.noo 60 14 69 6ft . St L .Southwestern 1.80O 3314 S3 8314 do preferred ... ROO 8014 80 80 Sloss-ShefTield 70O 87 86X4 87 Southern Pacific .. 26.SOO 133 131 18314 Southern Railway. 11. 1O0 324 R21I 3214. do preferred ... G.2O0 75 7414 74 ?enn Copper .......... , 3S exas r Pacific 400 35 35U, 35 Tol. Bt L West. 400 63 624 6314 do preferred ... 200 7014 7014 -69 Union Pacific 37.20O 203 202 2oe do preferred ... 4O0 10314 102 ln2 TT S Realty . 400 82 81 8214 TT S Rubber S00 524 5014 52 TJ S Steel HO.SOO 91 Son 91 14 do preferred ... l.SOO 125 124 '4 125 Itah OopTer .... 6. TOO 61 5ft 1:. o Va-Caro Chemical. 1.5"0 5014 4ft 50 Wflbash 2.1O0 21 204 21 do preferred ... 12. 000 68 57 67T4 Western Md 6 000 54'.. 63 H' 54 H Wfrt In chouse Blec 700 84 83 83 Western Union ... 500 78'4 7SH 7814 WPheel L Erie 8 "Wisconsin Central, 2O0 49 . 49 49 Total sales for the day. 647,900 shares. Bonds ut New TorK. NEW TORK. Dec. 15. Closing Quotations were as follows: U. S. ref. 2.. reg.lO0T4'N. T. C. gen S14s 91 4 do coupon ..... 100 '4 :N. P. Ss. -72 TJ. S. 3s reg....l01' do 4s 102 14 flo coupon 101!U. P. 4s. ...... .102 14 U. S. new 4s reg. 114 14 'Wis. Cen. 4s. 94 14 do coupon 115 14 : Japanese is. . , . . S7T. T. ft R. G. 4s. .. 96 1 Treasury Statement. WASHINGTON, Dec 15. The condition of the Treasury at ths beginning of business today was as follows: . Trust funds Gold coin 87S,S02.8 Silver dollars 4S9.39S.OOO Silver dollars of 1S00 3,903.000 Selver certificates outstanding... 4S9.39S.O0O General fund Stand'd silver dollars. Gen. Fund. 274 242. Current liabilities 114.902.123 Working toal. In Treas. office. . 22.028.33.S In banks to credit TJ. S. Treasurer 38.305,422 Subsidiary silver coin 15,764.725 Minor coins 1,04-4.621 Total bal. in General Fund 79,580.323 Money Exchange, Etc. SAN FRANCISCO. Dec. 15. Sterling on Condon. 60 days. $4.8414; sterling on Lon don, sfght, J4.SS. Silver bars 52c. Mexican dollars 45c. Drafts, sight, par; do. telegraph. 2c. NKW TORK. Dec. 15. Money on eH firm. 4-la?j6 par cent; ruling rate. 4"4 per cent: closing bid, 4 per cent; offered at 4 per cent. Tim. loans easy: 60 days. 4fi-4 per cent ft UWW 4 per mix; six months, 4!441 per cent. Prime mercantile paper, 56514 per cent. Sterling exchange firm, with actual business In bankers' bills at 4.S4204.8430 for w-day bills and at $4.88 for demand. Commercial bills. $4.831434.84. Bar .silver, 52c. Mexican dollars. 44c. Government bonds steady; railroad bonds steady. LONDON, Dec. 15. Bar silver, steady. 24 Hd. Money 34 per cent. The rate of discount in the open market for short bills Is 4 14 per cent. The rate of discount in the open market for three months' bills Is 4 per cent. Consols for money, 82 d; do, on account. 62 9-lSd. Boston (stocks and Bonds. BOSTON, Dec follows: Adventure Allouez Amalgamated ... Arix. Com....... Atlantic . iButte Coalition.. Galu ft Ariz. . . . . Calu & Hecla. . . Centestnial ...... Copper Range... Daly West Franklin Granby Greene Cananea. Isle Royale Mass. Mining... Michigan 15. Closing quotations as 6 5514 87 Mohawk 61 Nevada 26 Old Dominion... 5214 45 12 29 100 Osceola ........ loo iParrot 39 IQuincy 84 shannon .. . 16 60O 37 8114 81i 1614 (Tamarack . . . 65 rrrinitv U. S. Mining It, s. oil Utah Victoria . . . 10 36 45 4 1014 102 12 ! Winona .... 25 6 'Wolverine 145 North Butte.... 55 I 7 HOGS ADVANCE A NICKEL LIVESTOCK ' PRICES CONTINUE TO ADVANCE. Sales Are Made at the Yards at $8.65 Cattle and Lambs Sell at Top Prices. The strength that tha livestock market has shown for some time post must have re ceived an additional boost from the record prices paid at the fat stock sale Tuesday, for values got another upward turn yester day. This time the advance was in -hogs. Two lots of hogs, aggregating 156 head and weighing 243 and 244 pounds were sold In the afternoon at $8.65, which is a premium of 5 cents over the best previous price. Another lot of good quality sold at $8.50. Three lots of steers were moved at $4.75, the top of the market, while cows sold up to $8.75. Lambs again brought $6. The receipts for the day were lighter than usual, amounting toonly 5 cattle, 162 sheep and 20'- hogs. The day's sales were as fol lows: Wt. Pr. Wt. Pr. $8.65 2.25 2.50 2.50 2.25 4.50 3.50 4.00 6.00 8.50 24 steers. .1060 1 calf... 250 15 calves. 171 26 steers. .1235 31 cows.fcfclL46 26 steers.. 1202 26 Bteers. .1237 1 steer... 930 2 cws. . . 1200 30 hogs. . . 113 $4 60 5.00 6.50 4.75 3.75 81 hogs.'. 2 bulls. 1 bull.. 1 bull.. 1 bull.. .1490 .1390 .1280 .1020 .11S3 .1260 5 14 steers 4.75 1 stag. . 4.60j 2 steers.. 1340 3.50 33 lambs.. 78 8.0j20 hogs 244 75 hogs... 244 8.65 Prices Quoted at the yards yesterday were as follows: CATTLE Best steerafi $4.5004.75; fair to good, $44.25; medium and feeders, $3.50 8.75; best cows, $3.503.75: medium, $: 3.75: common to medium, $2.503.73; bulls, $352.50: stags, $2.50(83.50; calves, light, $6.25 (S; 5.50: heavy. $44.75. HOGS Best, $8.5038.65; medium, $7.50 8.00; stockers, $6.506.75. SHEEP Best wethers, $4.765.00; fair to good, $4.254.50; best ewes. $2.T54; fair to good, $3.503.T5; lambs, $5.506. Eastern livestock Markets. CHICAGO, Dec. 15. Cattle Receipts, esti mated, 25,000; market, weak to 10c lower. Beeves, $3.90S25; Texas steers, $3.80-4.65; Western steers, $48.30; stockers and feeders, $3C.10: cow. and heifers, $2g?-5.40; calves, 7.25ff9.78. Hogs Receipts, estimated. 45,000; marke 10c lower. Light. $7.9068.40; mixed, $8.10 8.60; heavy, $8.138.55; rough, $8.1568.30; good to choice heavy, $S.30(ff8.65; pigs, $6.90 7.85; bulk of sales, $8.308.45. Sheep Receipts, estimated, 20.000; market, weak. Native, $3.505.50: Western, $3.75 6.40: yearlings, $6.25T. 30: lambs, native, $5.50 4(8.25; Western. $5.7568-25. KANSAS CITY, Dec. 15. Cattle Receipts, 9000; market, steady to 10c lower. Native eteers, $4,15fg'7.50; cows and heifers, $2.50 6.50: stockers and feeders. $3.25(&'6.25; bulls. $3.25-4.65; calves. $4(g8; Western steers-, $3.75 4j6; Western cows, $2.75'5'4.75. Hogs Receipts, 15,000: market, 610o lower Heavy 8.30 (g) 8.40; packers and butch ers, $8.15(58.40; light, 7.90&8.25;' pigs. $6.50 67.50. cheep Receipts, 6000; market, steady. Mut tons, $4.25(35.75; lambs. $56.80: fed West ern wethers and yearlings, $4.60-6.76; fed "Western ewes, $4.25$5.15. SOUTH OMAHA. Dec. 15. CattleReceipts. 6000; market, weak. Native steeif $3.75 T.70; cows and heifers, $35.25; Western eteers, $3.25g-6.20; cows and heifers. $2.70 4.40; canners, $2.25-3.25; stockers and feed ers, $2.755.15; calves. $3.50(57.60; bulls, stags, etc., $2.7534.40. Hogs Receipts, 8000; market, 6-310c lower. Heavy. $8.1008.25: mixed. $8--S.10; light. $8.05&'8.15; pigs, $6.75(87.75; bulk of sales, $a06(S8.10. Sheep Receipts, 62O0; market, strong to lOc higher. Yearlings. $5.7586.85; wethers, $5.25:55.65; lambs. $6.50(57.55. Grain and Produce at New York. NEW YORK. Dec. 15. Flour, steady, with a small local trade. Receipts, 20.S55 barrels; shipments, 7470. . Wheat Spot, steady; No. 2 red, $1.27 elevator and $1.2614 f. o. b. afloat, nominal; No. 1 Northern Duluth, $1.23; No. 2 hard Winter, $1.24 f. o. b. afloat, nominal. Firm cables and covering by shorts sent wheat prices up at the start, but the mar ket declined under profit-taking in antici pation of larger receipts, but rallied on an advance in the Argentine, market, closing firm, although Russian crop reports and the Government report was bearish. The close was 14 to 14 c net lower, December, $1.22; May. $1.17; July, $1.07, Hops Dull. Hides Quiet. Petroleum Steady. wool Steady; domestic fleece, 863? 37c. m Grain Markets of the Northwest. LEyiSTON. Idaho, Dec. 15. (Special.) Grain unchanged. Bluestem, $1.02; forty fold, 92c; club and Turkey red, 0c: red Russian, 88c. Oats, $1.35. Feed barley, $1.20. TACOMA, Dec." 15. Wheat Milling, blue stem, $1.161.17; club, $1.06. Export, blue stem. $1.15; club, $1.05; red Russian, $1.02. SEATTLE. Dec. 15. Milling quotations: Bluestem. $1.1314: club. $1.0114: Fife, Sl.Ol1.; red Russian, 9914c. Export wheat: Bluestem. $1.0914; club. 9914c; Fife, 99c; red Russian. 9614c Dried Fruit at New York. NEW YORK, Dec. 15. Evaporated h poles, quiet; December 78c; spot, fancy new crop. 10141114c; choice, 9c; prime, T 8c: old crop prime, 714c; common to fair, 66 7c. Prunes, firm; California, up to 30-40s, "2 9c: Oregons, 64r9e. Apricots, arm; choice, ll1114c; extra choice. 111412c: fancy. veiSHc. Peaches, steady; choice. 67c; extra choice. 77!4c; fancy, 7(g8c. Ralbins, quiet; loose muscatel, 4514c: choice to fancy seeded, 5!46c; seedless, 815c; London layers, JL1714 (Spl.SO. Grain at San Francisco. SAN FRANCISCO, Dec. 15. Wheat, steady: barley, weak. Spot quotations: Wheat Shipping, $1.95 Q2.00: milling. $195. Barley Feed. $1.50L:; brewing. $1,52161.55. Oats Red. $1.65(&1.75; white, $1.7S1.S; black, $i.26f 2.60. Call board sales: Wheat No trading. Barley May, $1,5241.53; December, $1.47. Corn Large yellow, $1.75 91.80. . - Minneapolis Grain Market. MINNEAPOLIS, Dec. 15. Wheat De cember, $1.10; May. $1.1014. Cash, No. 1 hard. $1.12 4 1.13; No. 1 Northern. 1.12 1.1214; No. 2 Northern. 1.10(S 1.1-0 14. Flax Closed at $1.9014 1.0. Corn No. 3 yellow, 61620- Oats No. 3 white. 41 42c. Rye No. 2, 721472c. Dairy Products tn the East. CHICAGO, Dec. 15. Butter, strong. Creameries. 27 5?34c; dairies, 25 30c. Eggs, firm; receipts. 1887 cases: at mark, cases Included. 20 14 & 25 14 c; firsts, 29cr prime firsts, 3014 c. Cbeese, firm. ' Daisies, 1614 916c; Twine. 16-6M614C; Young America, 1614c; Long Horns, 1614c. NEW TORK. Decy 15. Butter and cheese firm, unchanged. JSggs Firm; cefrifferartor, J0&I414C. CROPS OF THE YEAR Government Estimates Wheat Yield 737,189,000 Bushels. GREATER THAN IN 1908 Total Production of Corn and Oats. Report Has a Bearish Effect on Prices in Eastern Markets. WASHINGTON. Dec. 15. The crop-reporting board of the Department of Agri culture, In a bulletin issued today, esti mates the average weight per measured bushel pf the various crops to be as fol lows: Spring wheat. 57.1 pounds; "Winter wheat. 68.4 pounds; oats. 32.7 pounds, against 67.3. 55.8 and 29.8 pounds, respectively, last year. The quality of corn is 84.2 per cent, against 86.9 last year. The flnal estimates indicate the acreage and production of important farm crops of the United States In 1909 and 1908 to have been as follows: Grain and year. Acreage. Bushels. Corn, 1909 198.771.000 2,772.378. -800 Corn. 190S 1O1.7SS.00O 2,668.651,000 Winter wheat, 1909 . 28.330.000 448.366.000 Winter wheat. 1908 . 30.349.000 43T.908.OOO Spring wheat, 1909. 18,393.000 290,823.000 Spring wheat. 1908. 17,208,000 226,694.000 All wheat, 1909 46.723,000 TS7.189.O00 All wheat. 1908 47,557,000 664.602.000 Oats. 1909 :.. 33,204.000 1.O07.R53.00O Oats. 1908 32,344.000 807,156,000 'Bushels of weight. CHICAGO WHEAT MARKET O'SETTT JED Crop Report and. Large Receipts Offset Bullish Foreign Advices. CHICAGO. Dec. 16. The Government crop report and increased receipts In the Northwest offset bullish f'elgn advices and caused weakness in the wheat market hero today. . . Wheat was unsettled. At times a strong one was manifested, owing to brisk demand by shorts, but each upturn brought out liberal realizing sales which resulted In a quick decline. At the start the market was decidedly strong, because of an unexpected advance of to Id at Liverpool. The range on the May delivery for the day was be tween $1.09-4 and 1.1114. December sold between $1.12 and $1.1314- At the close. May sold at $1.1094 1. 1014 and December at $1.1214. Corn was weak. A decline of H to 114c in the price of tho cash grain was also a weakening factor. The market closed weak, with prices to 14 c below the previous close. Oats were inclined to be weak, although prices at the close were unchanged to 14 c lower. Provisions were unchanged to. 1214c lower. Th leading futures ranged as follows: WHEAT. Open. High. Low. Close. Dec $1.1314 $1.1314 $1.12 $1.1214 May 1.1114 11114 1.08T4 l.lOt; July v 1.00!4 L00"4 -9914 .99" CORN. Dec. . . May. . July. . .61 .66 .65 94 .624 .661 .66 .6114 -65 1s .65 .6114 .65 .664 OATS. Dec 4314 -4314 .42 May 444 .45 .4414 July .. .421, .4214 .42 MESS PORK. Jan A 21.70 21.90 21.65 May 21.45 21.6714 21.30 .4314 .44 -42 21.90 21.6714 LARD. Jan 13.80 12.85 12.70 12.8214 May...... 11.80 11.924 11.80 11.9214 July 11.7714 11.871 11.75 11.8714 SHORT RIBS. Jan 11.75 11.95 11.70 11.924 May 11.26 11.35 11.20 11.35 July 11.25 11.36 11.2214 11.35 Cash quotations were as follows: Flour Steady. Rye No. 2, 77. Barley Feed or mixing. 5760c; fair to choice malting. 66 72c. Flax seed No. 1 Southwestern, ,$1.79; No. 1 Northwestern. $1.89. v Timothy seed $8.75. 1 Clover $9.50S 14.25. Grain statistics: Total clearances of wheat and .flour were qual to 451,000 bushels. Primary receipts were 610,000 bushels, compared with 620,000 bushels the corresponding day a year ago. Estimated receipts tomorrow: Wheat, 16 cars; corn, .801 cars; "oats, 97 cars: hogs, 30,0 00 head. Receipts. Shipments. Flour, barrels. ........ . 28,600 16,100 Wheat, bushels 19,200 107,200 Com, bushels ......498,500 144,400 Oats, bushels ....275,400 174,400 Rye, bushels 8,000 1,000 Barley, bushels. ..... ... 98,000 21,000 Wool at St. Louis. ST. LOUIS, Dec 15. Wool. weak. Terri tory and Western mediums, 242So; fine mediums. 21 fa :25c: fine. 12 (f?1 20c. Portland Spokane DowmRg-Hopkins Co. BROKERS Established 1893. ROOMS 201 - 284 COUCH BLDG. STOCKS AND BONDS GRAIN PRIVATE MIKES TRAVELERS' GI IDE. All Modern Safety Devices (Wireless, etc.) London PariN Hamburg. Pres Grant, Dec 2o"Pres Lin., Jan 29 IKais Aug. Vic Jaa 5Pres. Grant, Feb. 5 Pennsylvania. Jan 8f-Amerika Feb. 12 "G Waldersee Jan. 15, Pennsylvania Feb. 10 tRlts Carleton a la Carte Restaurant. Hamburg direct. "Omits Plymouth. Italv AND THE Nile fcWA CONVENIENTLY A " A A REACHED BT OUR MEDITERRANEAN SERVICE The splendid. large steamships CIN'CLNXATI. MOLTKE, & HAMBURG, ail January ti. 25, '29, etc., for Gibraltar Naples and Genoa (with occa sional calls at the Azores and Madeira Is lands). Kxcellent connections witn steamers of Hamburg & Anglo-American Nile Co.'i services up the Nile through EGYPT. Tou-'ist lept. for Trips Everywhere. Hamlmrir-American Line, lttO Powell St., ban I'ranciaco, and Local 'Agtsatm, Portland. A NEW WORLD CRUISE TO SOUTH AMERICA VstWug an the tetBreatfesf uiaililm 1st trte at Its ktea esar nswWtssem. iMTes "leu YsMriE. J Sim. SO. . Wrr S. S. BUlsSCITBss, U-X.SM Ms. HAMBC&G-AlIKRICAIf LIsTK. 100 POWELL ST.. SAN FRANCISCO. NFW 7FAI AND ew st Tahiti. 1U.II Delightful South Sea Tours ACSTRANA lor Rett- Health and AUOlHrUOrt Pleasure. Jiew Zealand, the World's Wonderland. Oeysers. Hot Lakes, etc Ths favorite S. S. Mariposa sails from San Francisco Dec 28, Feb. 2, Mar. 10, etc., connecting at Tahiti with Union Line for Wellington, N. Z. The only passenger line from TJ. S. to Nrw Zealand. Wellington and back, J260: Tahiti and back. 12S. 1st class. SOUTH SEA ISLANDS (all of tbem). three months' tour, $40t. Boole now for sailings of Dec 28 and Feb. 2. Lino to Hawaii, (110 round trip. Sailings every 21 day a OCT5A5TIC S. g. CO, T4 Market street, San Franc isoo. SI Omrm' Pssstlsa. Coal 3S mi Me trips eaa ke arrsssgsa at all Bseta. Asss eraises t the West tssBes asd OrleoC OLDEST BANK ON THE PACIFIC COAST CAPITAL $1,000,000 SURPLUS and PROFITS $500,000 OFFICERS. tv . M. LAW), President. EDW. COOKING HAM. V.-Presldsn W. H. DHNCKLET, Cashier. R. S. HOWARD. JR.. Ass't Cashier. L. W. LADE). Ass't. Cashier. WALTER Ji. COOK. Ass t. Cashier. Interest Paid on Savings Accounts and Certificates of Deposit -We Issue Letters of Credit, Foreign Drafts, and Travelers Checks WE OWN AND OFFER $40,000 State of Washington 89b Tide Land Certificates These Certificates constitute a first mortgage lien on very valuable water front property in the City of Seattle, the amount of the lien in no case exceeding 23 per cent, of the value of property involved. "We have handled these Certificates for the past ten years, during which period there has been issued ap proximately $-1.000,000 this without' loss of a single dollar to ourselves or customers. We recommend the same as a safe and unusually pro fitable investment, and will be glad to furnish complete information upon request. MORRIS BROTHERS Chamber of Commerce liiiMllWffl East Washington, .Water and Eirst Sts. - We Have a good location; -WE Solicit your patronage; WE Will guarantee good service; WE Have a modern plant for the storage of all kinds of produce. Write or phone for information. - OFFICE : 309 East Washington St. Phones : East 277, B 2742. THE BEST STREET INSURANCE IS THE BITULITHIC PAVEMENT It insures against dust, mud and street noises. It insures against slipperiness and falling horses. It insures against cracks, disintegration, and costly repairs. Ii assures a sanitary and durable street. , It assures conscientious workmanship and best materials. It assures perfect satisfaction. BITULITHIC INSURANCE IS SAFEST AND SUREST. WARREN CONSTRUCTION COMPANY 317 BECK BUILDING, PORTLAND, OR. I.IISIUIIMIIIIJIilSMIMUWI.SWMSW -WKESgj Offer and Largest SAXCNIA" Feb. 5, Mar. 19 Twin-Screw. 14,300 tons For Full Particulars and THE CUNARO STEAMSHIP CO., Ltd. r Tork. Boston. Chtcm-jo, MtniKioll. Pbiladeiphu,, Bt. Looii. 8a Kruateco, Toronto an4 Montreal, or 1xk1 AeoU. TRAVELERS' GCIDE. FOR TILLAMOOK Steamer "Oshkosh" will receive freight at Couch-street dock, com mencing Wednesday, December 15. Merchandise, $3.00 per ton. Sails every Saturday evening. Telephone Main 861. COOS BAY LINE Ths steamer BREAKWATER Port lajid every Wednewlitr, 8 p. 51., from Ains worts dock, for Jtortb BendL. Alarslifleld aud Coos Bsj points. Freight received until 4 P M. on day of sailing. Passenger fare, first class. (10; second-class, tl. Including- bsrth and meals. Inquire city ticket office. Third and Washlncton street, er AlnswortU dock. Fame Jslaln 2a- DIRECTORS. EDWARD COOK INGHAM. HENRY L. CORBETT. WILLIAM M. HDD. CHARLES E. LADD, J. WESLET LADD. K. B LINTHICUM. FREDERICK B. PRATT. THEODORE B. WILCOX. the unsurpassed in Luxurious Comfortable Ocean Travel By the great 20,000 ton steamer "CARONIA" Jan. 8, Feb. 19 "CARMANIA" Jan. 22, Mar. 5 , triple - screw turbine in the World Starvations apply tm rj TKAVEUSRa GUIDE. For Eurelca San Fran cisco and Los Angeles direct. Sail every Tues day It I P. K. Ticket office 132 Third, near Alder. Phones M. 131. A lilt. Send for folder. H lOUNQ, Ask SAX FRAN.- PORTLAND 8. 8. CO. From Alnsworth Dock, Portland, 4 P. M. S.8. Rose City. Dee. 17, 31. 6.0. Kansas City. Dee. 24. Jan. 7. From Pier . San Francisco, 11 A. K. 8.8 Kansas City, Deo. 18, Jan. 1. . .8.8. Rose Ctty. nee. 15, Jan. S. f. i. ROCTTE. C. T. A., 148 8d 6t., 3. TT. Ransom, Dock Aa-ent. Ainsworth Dock. Me In 4u2, A 1402. F hones Mailt 268, A. A234. 3 szaos!s&sssi i t