17 V THE MORMXO OliEGONIAN, SATURDAY, JANUARY 8, 1010. L CLIP OF YEAR American Output in 1909 Showed a Gain. SHEEP FIT FOR SHEARING Annual Report of National Associa tion of Wool Manufacturers Gives Some Interesting Statistics. Unsold Stocks on Hand. In the annual report of the National Association of Wool Manufacturers, re cently issued. Secretary Wlnthrop I. Marvin estimates th. number of American sheep fit for shearing on April 1. 1909, at 42.293,205, an Increase of 1,981.657 over 190 8. when the total stood at 38,864,931. Following are the totals since 1885: 199 Iftns 1 ft7 19fl 105 Ilt04 193 innj 19fU 1300 .42.293,20r, .40.SU, MS .3&.S64.9R3 . 3S.ri40.79S .38.621.47't . 38. 342, 072 .39.2S4.00O .42,14.12:: .41.910.900 .41,883,005 189 . . . . 1S9S . 197 l9fi. . . . 1S9S. . . . 1KD4 T93. . . . . . . 1S90 1885. . . .39,114,452 . .37,656.960 . .36. SIS, 643 . . 3 S. 298, 783 . .42.294.064 ..43.048,l17 . .47,273,553 . . 44.1t:iS,35 . . 44,336.072 . .50,360.243 Flocks In the Pacific Cpaet States tn 1909 and 1908 compare with 1393, the big wool year, as follows: 1909. 1908. 1893. Oregon l.SlsO.OOO 2.000,00 2.4SS.077 "Washington ... 450.000 480.000 823,825 Idaho .- 2,800,000 2.50 0.000 764,000 California 1,900.000 1,900,000 4.124370 The clip as estimated for 1909, exclusive of pulled. Is 2ST. 110,749 pounds, against 270, 138. JT1 pounds In 1908. and against 801.533, 1S8 pounds In 1893. Thus the present clip Is 16.971,418 pounds larger than that of last year, but at the same time Is 14,427,389 pounds smaller than the banner one of 1S93. Pulled wool in 1909 is estimated at 41. 000,000 pounds, making the total output last year 328,110.749 pounds. hm clip of the Pacific Coast States in 1909, and the record year of 1893 compare an follows: 1909. 190S. 1S93. Orepon 15.725,000 16,500,000 19,648.616 Washington .. 4,273,000 SO, 0'0 '5,766.775 Idaho 21.000.0(10 17.600,000 6,114,096 California. 13,300,000 13.300,000 26,808.441 Wyoming still holds the leadership as the largest producer of wool in "the country with a total of 38,400,000 pounds. Montana, comes next with 35.O00.000 pounds, and Idaho is third with 21,000,000. In addition, to the 323.110,749 pounds grown in the -United States there were raised 11,210,000 pounds In tthe British Provinces, 7,000,000 pounds in Mexico, and 1.0O0.000 pounds in Central America, and the West Indies, making the total produc tion of North America S47.320.749 pounds. In Argentina the latest figures place the clip nt 392.418,800 pounds, while the clip of Uruguay is estimated at 111,552,760 turunda. With all other parts of South America included, the total production of South America Is 545,119,560 pounds. Kurope grows 804,905,074 pounds of wool annually, of which European Russia raises 320.0 00,000 pounds; the United Kingdom, 133,705,074 pounds; Turkey and the Balkan States, 90,500,000 pounds; Franoe, 73,000.004) pounds. The other countries raise from 4 0, 000.000 down to ,10,000,000 pounde.y All Asia raises 210,339,000 pounds, while in all Africa. 139,702.000 pounds are pro duced annually; Australasia produces 765, 590.163 pounds and all other Oceania 100, 000 pounds. - Thus the total production of wool in the world, as nearly as It is possible to esti mate, is 2,804,136.546 pounds. Aooordlng to figures compiled by the Bos ton Commercial Bulletin, the total stock of wool unsold in Boston on January 1, 1910, amounted to approximately 26,724,957 pounds of which 18,833,957 pounds are domestic and 7, S4 1,000 pounds are foreign. A year ago there was a. total of 29,802,600 pounds, com posed of 22,687,600 pounds of domestic and 7.116.000 pounds of foreign. Of the Boston stoolcs, 1 rO 30, 000 were Oregon woo I. The Bulletin's estimate of stocks outside of Boston on New Tear's day include: 1910. 1909. 100,000 110,000 145,000 50,000 900,000 1,000,000 . In. Oregon In Washington In California . The statistics show the total supply of wool unsold in the United States on Janu ary 1 this year to have been 70,300,457 pounds as against 64,571,100 pounds on Jan uary l. 1908. t TWENTY-TWO CFNT8 FOR HOPS. Market Shows an Vpwartl Tendency Ex porters Have Orders. There is a feeling in the hop trade that the market is on the eve of another up ward awing. Th tone of the market la decidedly firmer than it was last week and it la gaining in strength every day. The ln Qulry has steadily improved and with so many buyers In the market It la natural that they should begin raising their bids. Last week 20 cents was the best the dealers could offer, and the first of thla week they were bidding 21 cents. Yesterday a bona fid offer of 22 cents was made for a large blook of choice quality. These offers are not producing much business, as tho holders hare faith In Ihe coming of a higher mar ket. In addition to the several dealers that have American orders it is known posi tively that most of the exporters are now In tlta market. Some interesting develop ments In the buying line are expected in ths near future. OAIiFOKMA' ITtl lTJrWKlEXTS GROW Anmisl Koport of Movement of Irclduous Varieties. Some idea of the six of the green-fruit trade of California in the past year is given In the annual report of the California Fruit Distributors, which has been received by R. F. Hoeking. the Distributors' agent he res This company does an ex&enslve business with the East, and also supplier Portland with most of the early California fruit. The Distributors shipments of the se'reral va rieties of California fruit. In carloads, in the past two years, were as follows; 2900. 190S. Cherries ;0O no. Apricots ;K 231 Plums l.MN 1.TS3 peaches 1.179 Pears iO'iS 2.701 Grapes - 3. $75 3.81:1 Apples 2.14S 2.201 Totals 16.254 12,695 1UNANAS COMINGBYSOI THEUX ROUTE Quality of Vnilt Received lurlng Remainder of M inter Will Be Hotter. The orange market was very rlrm yester dar, particularly on good stock, which was scarce. Grape fruit was also in light supply and firm. There are no good bananas on the mar ket and will be none for a week. Two ears will bo in within a few days, but they nave been too long on the road. Bananas will" beg-In coming in by the Southern route next Saturday, and they should arrive la first-class condition. Banana receipts dur ing the remainder cf the Winter will bo waeiy. Vegetable stocks were well cleaned up WOO yesterday and the result was a rather quiet trade. A wire from California yesterday reported that 1200 acres of celery had been washed out. This means a loss of about S00 cars. COUNTRY WHEAT MARKETS ARE FIRM. Nut Much Business Pacing in the Local Trade. There was not much business doing in the local wheat market yesterday, but the feeling was quite firm. Dealers quoted lo cal prices unchanged, though there were reports from the Sound and from the coun try of higher prices being paid. There were no new developments in the oats or barley markets. Local receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Monday 71 7 20 4 17 Tuesday 41 3 5 6 4 Wednesday .... 2 4 3 10 3 9 Thursday 22 2 3 3 5 Friday 14 4 3 4 5 Year ago .. 2 ... 1 Season to date. 7221 1088 10S5 914 1624 Year ago 8751 1314 601 571 1716 Dressed Meat Prices Bo Not Hold Poultry prices held about -steady yester day, but there was some easing up. In dressod meat quotations, as buyers wewl re luctant to pay tho recent extreme prices. The top of the veal market was given as 12 cents and of pork, 10 cents. Egtfs dragged and the market --was in clined to further weakness. Butter and cheese were unchanged. Bank clearings of the Northwestern cities yesterday were as follows: . - Clearings. Balances. Portland 31.50i4.21tf J17S.S51 Seattle 1,700194 24S.693 Tacoma $84,142 43.M45 Spokane 73.408 M.470 fOBTLAXD MARKETS. Grain. Flour, Feed. Etc. WHEAT Track prices: Bluestem, 31. 20; club. $1.10; red Russian. $1.08; Valley. 31.08; BAKLE.Y Feed and brewing. 3Q (230.50 per ton. FLOUR Patents, 36. 35 per barrel; straights, 35.70; export, $4.60; Valley. 5.80; graham, $5.70; whole wheat, quarters, $5 00. CORN Whole. $35; cracked. $30 per ton. MILLSTUFFS Bran, $2G per ton; middlings, $34; shortf. $:b&29; rolled barley, $3233. OATS No. 1 white. 332.50f3:i per ton. HAY Track prices: Timothy; Willam ette Valley. $1820 per ton; Eastern Ore gon. lSfrf 21.50; alfalfa, S17 17.50; clover. 316fl7; cheat. $1617; grain hay, $1617. Dairy and Country 'Produce. BUTTER City creamery extras. 30c; fancy outside creamery, 34 "Q) 39c per lb.; store. 22 24c. (Butter fat prices average lfec per pound under regular butter prices.) POULTRY Hens. lSrl7c; Spring, 18c; ducks, 20c; geese. 1::c; turkeys, live, ly 2U'; dressed. -22 i fi '2'Ac. FX3GS Fresh Oregon extras, 41$M2c per dozen; Eastern. 27 V-tff 32V c per dozen. CHEESE Full cream twins, IS 18 Vfcq, per pound; young Americas. lQ1Uc. POKK Fancy, lOfi; luc per pound. VEAL Extras, 11 Vi Gi 12c per pound. Vegetables and FruItsT FRESH FRUITS Apples. 31 & 3 box; pears. $1 1.60 per box; Spanish Malaga, 37(7.50 per barrel; cranberries, 9 per bar rel; persimmons, $1.60 per box. POTATOES Carload buying prices: Ore gon, 05i85c per sack; sweet potatoes, 2c per pound. TROPICAL FRUITS Oranges. S2&2-75; lemons, fancy, J5.50; bhaice, $4.50; grape fruit $3.504 per box; bananas. "jSo per pound ; pomegranates, 31.50 per box. Japanese oranges. $1.65 per bundle; tanger ines, $1.75 per box. VEGETABLES Artichokes, $131.35 per dozen i beans. 10c per pound; cabbage, $2 per hundred; cauliflower, $1.25jil.75 doz. ; f-elery. $.1.50 per crate: eggplant, $1.75; hothouse lettuce, i 1.35 (Q; 1.60 per box ; peas, 10c lb.; garlic, 10c lb.; horseradish. 12-c psr pound ; pumpkins, 1 H t&l "&c; radishes, 25c per doz. ; sprouts. 6 ( 7c per lb. ; squash, 1 S 1 14 c ; tomatoes. $1.50 2.25 per box. SACK VEGETABLES Turnips. 31.50 per sack; carrots. $1; beets, $1.60; parsnips, 31.50. ONIONS Oregon. $1.50 per sack. Groceries, Dried Fruits, Etc. DRIED FRUIT Apples, 10c per pound; peaches. 8c; prunes, Italians, 46c; prunes. French. 4 g 5c; currants, 10c; apri cots. 1 2 c ; dates, 7 H c per pound. SALMON Columbia River, 1-pound tails. 32 per dozen; a-pound tails, $2.05; 1-pound flats, 2.10Vs; Alaska pink. 1-pound talis, kK)c; red 1-pound tails, $1.45; sockeyes. 1 pound tails, 2. COFFEE Mocha. 24I?2Sc; Java, ordinary. 17 20c"; Costa Rica, fancy, lS& 20c; good, 1G(&1Sc; ordinary, 12I?410c per Dound. ' NUTS Walnuts, lac per pound; Brazil nuts. 12 15c; filberts. 1C 17c ; almonds, 16 17c; chestnuts. Ohio. 20c ; cocoanuts. 90c(i(l per dozen. BEANS Smalt white. Bc; large white. 4 c ; Lima, bayou. 6 jic; pink, 4 c; rea Mexican, 70. SUGAR Dry granulated, fruit and berry, $5.95; beet $o.Tu; extra C. $5.45; golden C, $5.35; cubes vbarreH, $6.35; powdered (barrel), $6.20. Terms on remittances within 15 days, deduct He per pound, if later than 15 days and within 30 das, de duct c per pound. Maple sugar, 15lSc per pound. SALT Granulated. 314 per ton. $1.90 per bale; half ground, 100s, $8.60 per ton; 60s, 39 per ton. HOKE Y Choice. $3.253-50 per case Provisions. BACON Fancy, 27c per pound; standard, 22c ; choice, 21c; English. 10 (ij) 20 $c. DRY SALT CTJ RED -Regular short clears, dry salt. 16 c; smoked. 16 fc,c; short clear backs, heavy dry salt-ad. 15c; smoked, 16Vtc; Oregon exports, dry salted. 16c; smoked. 17c. HAMS 10 to 13 pounds. 17c; 14 to 16 4unds. 17Hc; IS to 20 pounds, 17Vic; hams, skinned. 18c; picnics. 13 c; cottage rolls, 1 jc; boiled hams. 24 & 26c; boiled picnics. 81c. LARD Kettle rendered. 10s. 17 He; stan dard pure. 10s. 16 choice. 10s. la c Compound, 10s, 11 14 c. SMOKED BEEF Beef tongues, each, 60c; dried beef sets. 19c; dried beef outsides. 17c; dried beof insidea. 21c; dried beef knuckles, 20c. PICKLED GOODS Barrels: Pigs' feet. $13.60; regular tripe, 310; honeycomb tripe. 53 2; lunch tongues. 319.60; mess beef, ex tra. ?iz; mess pvric, 325 ' Hops, Wool. Hides. Etc. . HOPS 1909 crop, 20rjf2ic; olds, nominal. WOOL Eastern Oregon. 16 230 pound; olds, nominal. MOHAIR Choice. 25c pound. CASCARA BARK. t'c per pound. HIDEjs Dry hides. ISttflSo per pound; dry kip, 18lSVic pound; dry calfskin, 19 21c pound; salted hide, 1010c; salted calf f kin, 15c pound; green, lc less. FURS-o. 1 skins; Goatskins, 15c 9 VI. 25; badger. 25450c; bear. 3620; beaver. $6. 50 ( 8. 6t) ; ea t. wild. T5c (& 1. 50 ; cougar, perfect head and claws. 3310; fisher, dark. $7 50y 11; pale, 34.00(5' 7; fox, cross, $35; fox. gray. 0080c; fox. red. $3t$5; fox. silver. $35100; lynx. $S'f?15; marten, dark, $S12; mink. $3.50(3' 5.50; musk rat. Bea otter, $100250. as to sixe and color; 15 25c ; otter, $2- 50 4 ; raccoon, 60 75c ; skunks, 5S0c; civet cat. 10 15c; wolf, F3iSr3.50; coyote. T5cg'$1.25; wolverine, dark, $3 0; wolverine, pale. $2 2.50. Oils, Turpentine. Etc. COAL OIL Pearl, astral and star, cases, 10c per gallon; eocene, cases. 22c per gallon; Elaine, cases, 28c per gailon; extra star, cases. 22c per gallon; water white, iron bar rels, llic per gallon; wood barrels, 15Hc per gallon; special water, white, iron barrels. 15c per gallon. GASOLINE Red crown and motor gaso line, iron barrels, 10c per gallon; cases, 2Sc per gallon; 86 gasoline. Iron barrels, SOc per gallon; esses, 87 c per gallon.- BENZINE V. M. and naptha. Iron bar rala, 13 4o Pr gallon; cases, 20Hc per gal lon ; engine distillate. Iron barrels, ttc per gallon; cases. 10c per gallon. TURPENTINE In cases. 78c per gallon; wood barrels. 75Ho per gallon; aroturps (turpentine substitute), iron barrels, 3Sc pe gallon; cases. 45c pr gallon. LINSEED OIL Haw, in barrels. ?4c; boiled. In barrels, 8tic; raw, in cases, S9c; boiled, lu cases. 91c. AWAIT OPENING OK GOODS MARKET. Eastern Manufacturers Not at Present Buying- Wool Freely. BOSTON. Jan. 7. The Commercial Bulle tin will say on the wool market, Satur day: Manufacturers are awaiting the opening? salo of new heavyweight goods. before buy ing further supplies of wool, and the mar ket Is, therefore, comparatively quiet. In terest continues, however, in sample lots of rteeces. California, AustseUlan and Mon tevideo wools are moving at full rates. Everything points to continued firmness In values with renewed activity as soon as the goods market becomes active. The shipments of wool from Boston to January 6, inclusive, were 3,774,510 pounds, against 2.982,780 pounds for the same time last year.- The receipts to January 6, in clusive, were 4V.4oO.775 pounds, against 3.-62.YO-J7 pounds for the same period last year. Wool at St. Louis. PT. LOUIS, Jan. 7. Wool, unchanged. Territory and- Western mediums, 2C u 28 c ; fins mediums, 20& 24c; fine, 12 ij 21c. MESSAGE NOTNEWS Wall Street Knew the Presi dent's Opinions. " SMALL EFFECT ON STOCKS Trading:, However, - Almost Ceases After the Message Is Published. Easing: of Money Market Helps Sentiment. NEW YORK, Jan. 7. Whatever may be the effect finally of the President's message on the stock market, it cannot be supposed there wae anything ia It that was news in that re gion. The full text of the message was dis tributed to brokers offices within a few mln ijtes after ita delivery to Congress, advance copies' having been on 'hand for that purpose. The preparation of the document, moreover, has involved such" widespread consultation and such free preliminary discussion by the author in public addresses that scarcely any passage of It could be regarded B9 a novelty. Ever since the conference of railroad presi dents at the White House last Monday, the stock market has devoted most of its atten tion to taking measures prompted by the views of the forthcoming paper. The result was een In the state approaching idleness Into which the market fell after the message was pub lished. In ths movement of special stocks here and there which occurred during the week. It Is possible to suppose that action was prompted by particular paseages of the message. Putting aside the question of how far spec ulative action may have anticipated the effect of the mes&age, the opinion Is clear that grave weight must attach to the comprehensive and reasoned plan set for Congrees for dealing with the corporation problem. The means of com piling with the proposed law for Federal charters received more attention than any other phase of the subject. The easing of the money market helped the speculation. The ruling rate for call loans was below 6 per cent for the first time during the week.- Preliminary estimates of the week" currency movement pointed to a heavy cash gain by the banka. the high call loan rate early in the week having served, appar ently, to attract large sums here from the In terior. The cash g-ain 'was an element In rallying stocks later in the day. Bonds were steady. Total sales, par value, ?3,713,uv0. United States bonds were un changed on call. CLOSING STOCK QUOTATIONS." Closing Salef. High. Low. Bid. -. M 5:1 "-j 5414 63,yi SS1 87 ht l'-O 47 47 4(U, 1,4( 0 4ft 44 45 .too &i tt i,h 71 71 7it, l. 07 tW4 2U 4H'i 4(VA 4i 2(1i 2ti-'S 2H 2H 17& 1 7 Vi 17 24.(H joi lou:i lol 14 l,lm 111? 111 IH14 . ,lin 122Vi 121 12214 . ,500 14n 140 . 130 400 ii.i m - $274 - Mi fV2 18,f"H 122U, 121 122L 1.500 i4 ioai io:i-Ji a.-o 13014 130 i-tit 2.4k 118:Hi 1 1 7-S4 IIH14 HMO i4 s3 u:i 20O 33 S3 324 a,7)o 7'.i 7sy; 7a:? : IHlVj 3,000 47 47 47 200 108 'j 10b 14 K'Ht, 315 20. 300 90 5rt iv, 800 :i.v4 3.-v 3.V14 1.4O0 379 178 17KV, 4,oit 1M 15.ri 7M0 M'i !S1 80 l.ttt O 4S 4 48 2.4 ll r.M ttO &OO 82 82 2 All Is Chalmers pf . A ma I Copper .... Am Agricultural .. Am ieet Sugar . . Am Can pf A m Ca r &, Foun . Am Cotton Oil .. Am Hd & Lt pf. Am Ice fecuri Am Linseed Oil .. Airi Locomotiva Am Smelt & Ref . . do preferred ... Am Sugar Ref Am Tel & Tel Am Tobacco pf . . Am Woolen Anaconda Mm Co. Atchison do preferred All Coast Line... Bait & Ohio -v do preferred Bethlehem Steel Brook flap Tran . Canadian Pacific . . Central leather . . do preferred Central of N J. . Oh & Ohio . Chicago & Alton .. Chicago Gt Wee.. Chicago & N W... C. M & St Paul.. -. C. C & St L. . . Colo Fuel .& Iron.. Colo & Southern... do let pre f err d . do 2d prererred. Consolidated Gea. . Corn Products . . . Del & Hudson ... I & R Grande . . . do preferred Pdetillers' Securi . . Erie do 1n preferred. do 2 1 preferred. General Klectrlc .. Gt Northern pf ... Gt Northern Ore .. Illinois Central Interborough Met Inter Harvester , . Inter-Marine pf .. Int Paper Int Pump Iowa Central .... K . C Southern . . . do preferred . . . Louisville & Nash Minn & St Ixuis. M. St P & e S M. Missouri Pacific .. Mo. Kan & Texas.. do preferred 13.40O 1.700 2ti0 1,200 2j'h) 2.200 2.8'M 2,'THK) 1.21 M 300 8.700 Wit 40O 6.000 3M l,o0 l.K0 1.700 l.lOO 3 2,4)0 22 22J? 181 Vz 1S1 5U ".T'0V4 159U 1411$ 7S 145 Uj lafj1 23 "4 142 79i4 121 23 " 54 National Bl?tilt National Lead ... 1.8O0 Mex Nat Rv let pf NY Central 22.300 N T, Ont & West. 500 Norfolk & West. 1,300 88 "Vi North American . Northern Pacific . Pacific Mail Pennsylvania People's Gas P. C C A St X. - 500 BCiO S8.3O0 l.OOO 1.400 Pressed Steel Car. 400 Pullman Pal Car. aV) lfil 101 m Rv Steel Spring. . 7nO 484 4R Reading 1A4.7O0 lftft lftfi 1R7 Repubiio stel l.ftoo 44i 4 44a; do preferred ... 300 103 IOS14 lfR Rook Island Co... 37,IK 4B4 -f! 4fi"i do preferred . . . 7oo 87H 7 ftftii St L & S F, 2 pf . 700 5R7i f-8 B8 St L Southwestern 1.200 a3tj" 32 5 33 do preferred ... 5X) 70 75 76U Flow-P he ffl eld ..".-. 85 Southern Pacific .. 63.100 3.174 13-, 137 Southern Railway. 3,000 33 32 ?4 Z2 do preferred ... 1,800 73 73 . 73t Tenn Copper 39 Texas Pacific. . l.JW) 3 ss ia Tol, St L ft- West. 400 53 63 53 U do preferred . . . 2M 71 Rl 81 H Union Pacific 51,fifK 2rH 200 201 Ti do preferred ... 800' 103 103 102 IT S Realty . S2 U S Rubber OOO ruH 5A 5014 U S Steel 252.4O0 884 80V, 87" do preferred l.OCO 324 124 124 Utah Copper 2. soft pn r.Si Va-Caro Cheirrfcnl. .W M4 --3i 5 has h 5. 300 23 24 2." dft preferred ,0OO 57- 5rt 57 Westom Md 1,600 51 dC Wwrtinirhoiuw E4eo Rl Western Union 70 Wheel ft L Erie 94 Wisconsin Central. 3oo 49" 49 49 Pktsburg Cotir77 3.30O 27U 2ftU, 2074 Am 3iel Fdy .. 5f0 .M 04 V .U United Dry Goods 119 Laclede- Gas 8.8OO (UU 644 114 Total sales for the day. SS5.300 shares. BONDS. NEW YORK, Jan. 7. Closing quotations: TJ S ref 2s reg.lOl In T C G Sb. . . 91 do coupon ...101 'North Pacific Ss. 73 IT S 3s reg 1014 lNorth Pacific 4s. 1024 do coupon . . . 101 i TUnlon Pacific 48.3014 U 6 new 4s reg.H414!Wiscon Cent 4s. 94 H do coupon ...115 1 Japanese 4s , 88 T & Rio G 4s. . &5 Detly . Treasury Staesnerat. WAPHINGION, Jan. 7- The condition of the Treasury at the beginning of business today was as fallows: Trust funds Gold coin $876,330.819 Silver dollars 487.935. OOO Silver dollars of 1S90 3.935.000 Silver certificates outstanding 487,935,000 General fund Standard silver dollars in general fund 1.843.224 Current liabilities 103,080,726 workingtaiance in lTeaaury or fices In banks to credit of Treasurer of the United States Subsidiary sliver coin Minor coin Total balance In g-enecal fund... 23,534,694 35.fl47.391 16,480.573 P2A.S39 .85.117.2U0 Money, Exchange, t. NEW YORK, Jan. 7- Money on call, easier. StffQ per cent; ruling rate. 54 pes cent; closing bid, 5 94 per cent; offered at 5 per cent. Time loans, slightly easier; 00 days, 4 per cent; IH days and six months, 4 per cent. Prime mercantile paper closed at 45Vk ppr cent. Sterling eoschange- steady at k didin, with actual business In bankers bills at 4.835 $ 4.8393 for 00-day bills and at $4.8075 for demand. Commercial bills, 4.83 g4.84. Bar silver, 52 4 c. Mexican dollars. 44c. Government and railroad bonds, steady. ' LONDON, Jan. 7. Bar silver- Steady at 24 l-16d per ounce. Money 2 per cent. The rate of discount In tho open market for short bills Is 34 per cent; do for three months' bills. 6403 B-l-8 per cent. Consuls for iboney, S2c; do for account, 82 9-lGc. SAN FRANCISCO. Jan. 7. Sterling on London. 60 days. $4.84; do sight. $4.87. Silver bars- 52 V c. Mexican dollars 46c. - Drafts Sight, par; telegraph. 3c. Eastern Mining: Stocks. " ' BOSTON, Jan. 7. Closing quotations: Adventure 6iMohawk C Ailoue T6 iNevada 24i Amalgamated . .S7Oid Dominion. . . 5-3 Arizona Com. 47'OseeoIa 101 Atlantic 11 'Parrot ..... 20 Butte- Coalition. 27Quincv 89 Cal & Arizona,. . 1 OO jShannon 17 hk CaJ & Heels 670 Tamarack 71 Centennial 3G Trinity 10 Copper Range... 84 United Copper .. 59 Daly West 8'U S Mining 5:ja Franklin 17 U S Oil 37 Granby ..110 Utah 441.- Greene Cananea 11! Victoria 4 Isle Royale . 2714:Wlnona 1 1 V Mass Mining 5 4 'Wolverine 149 Michigan 7 jNorth Butte m 42 Refined OH Prices Lower. NEW YORK. Jan. - 7. The Standard Oil Company today announced a reduction of 15 cents a barrel In the prices of refined oil. making refined In cases $10.30. refined in tanks $4.40 and standard white $7.90. CASH WHEAT EASIER WEATILEK FORECAST INDICATES LARGER MOVEMENT OOX. New High Point for the Season in the Corn, Mzffket . Oats Trade Heavy. CHICAGO. Jan. 7. There was a large vol ume of trade in wheat today. A forecast of Irjs Inclement weather to come, together with milder Northwest temperatures tQduy, prom ised larger -movement of the crop, which had a bearish effect on the cash wheat market. The range in prices was f'c. May showing the greatest spread from $1.134 to $I.15Vi The nearby option, however, quickly receded from the high point and closed weak at $1.131.13. The corn pit continued to be the spectac ular arena, a new high point being estab lished in the May delivers. Heavy feeding and crippled rail service cut down offerings and kept the market strong. The new high point for May was C94c The more distant future reached yesterday's high level of 69c The final figures for May were e$g8'&c, 'c higher. July was a shade higher and September unchanged. General speculative trade was large in the oats pit. In pite of the enormous lusinew, the range was comparatively" narrow. The market 'aed. off toward the close of the ses sion and final figures left May 'Sho lower and -September .c higher. Provisions ranged from 2oc lower to 10c higher. The leading futures ranged as follows: WHEAT. Open. High. low. ' Close. May 1.14"i $1.15 $1.13 $1.1.1 July 1.04 1.04 hi 1.03 1.03 Sept 99 't .au Vs -98 -fy CORN. May 6 5 " .C!Vi .S .f July ; .& .Vs .ti sept tisTs .tis:' .tsv OATS. May 454 .4Si .47T .47 H July 45 .' .44 .44 '4 Sept .42 .4 .4'J .4 Vs MESS PORK. Jan. . May. July. 22.05 a-i.io 21.S2 :2.oo 22.05 2i.32 LARD.. 12.70 1 2. l-i.20 Jan. . May . J uiy . 12.65 12. 25 1.15 1.62 12.12 a 12-10 12.70 12.17H 12.10 SHORT RIBS. Jan 11.65 11.65 11.60 11.60 ll.tiu May 11.65 1 167 14 ( ash quottfi iuus were as follows : Flour Firm. Rye No. 2, 80('81c. Barley Feed or mixing, 62 65c fair to cnou-e mailing, ea 4c. Flaxseed No. 1 Southwestern, $2.06 ; No. 1 Northwestern, 52.10. Timothy sod $3.!l. Clover $14.90. Pork Mess, per barrel, $21.87 t 2S. Lard Per 100 pounds. $12.70 fa 12.72 . Short ribs Sides (loose , $11. ; V- " 1 t.To. Slues Short, clear boxd, $11. fu j, 12. Grain stutistics : Total clearances of wheat and flour were equal to "177. OOO bushels. Exports for th-3 week, as snown by .Bran: street's, were equal to S, 183.000 bushels. Primary receipts were 502.000 bushels, compared with 245,000 the corresponding day a j'?ar ago. Kstimated receipts for tomorrow ; Wheat. 5 cars; corn,' 77 cars; oats, 34 cars; hugs. 10,00u head. Receipts. Shipments Flourr barrels. . . . Wheat, bushels. . . Corn, bufhels. Oats, bushels,. .-. . . Rye, bushels Barley, bushels. . . r.oo 22.800 . . . 21,600 . . . 257,5'tO . . .207,100 5.000 ... 37.500 24.300 119,200 U6,700 3.000 29,000 Grain and Produce at New York. NEW YORK, Jan. 7. Flour Quiet, nom inally higher. Receipts, 17,017 barrels; ship ments, 18,387 barrels. Wheat Spot steady. No. 2 red. $1.30 ele vator domestic, $1.29 f. o. b. afloat nom inal; No. 1 Northern Duruth, $1.284 and No. 2 hard Winter, $1.2S f. o. b. afloat nominal. Option market closed ic to net lower. May closed $1.12; July, $1.11. Hops and petroleum Easy. Hides and wool Steady. Minneapolis Grain Market. MINNEAPOLIS, (Jan. 7. Wheat May L13 1.18; July, $1.13. Cash No. 1 hard, $1.15 1.16 ; Ndi 1 Northern. $1.15 01. 16; No. 2 Northern, $1.13 1.14. Flax closed at $3.254. Corn No. 3 yollow, 60 a60ic. uata po. a white, 45 (&45 c. ye No. 2. 7576c. European Grain Markets. LONDON, Jan. 7. Cargoe strong and ad vancing. Walla Walla for shipment. 3d to 6d higher, 41s to 41a 3d. English country markets firmer ; French country markets some higher, some lower. LIVERPOOL, Jai.v7l Wheat March, 8s 5 d ; May, Ss 3 d. Weather, cloudy. Grain at San JFranclco. SAN FRANCISCO, Jan. 7. Wheat barley Steady. and Spot quotations : Wheat Shipping, $1.95:2.00 per cental; milliner. 41-95. Barley Feed. $1.47 (5)1.48 ai per cental: brewing, (1.5091.52. Oats Red. $1.62 1.75 per cental; white, (1.70 1 1.75; black, 2.20(&' 2.40. Call board .sales: Wheat No trading. Barley May, $1.45 per cental asked Corn Large yellow, $1.7&1.S0 per cental. GRAIN MARKETS OF THE NORTHWEST. Two to Tliree-Cent Advance In Lewiston Prices. LhiYV 1STON, Idaho, Jan. 7. ( Special. ) . Reports received by grain dealers show that all .of the crop In Asotin, Nex Perce and Idaho Counties, with the exception of 500,000 bushels, and representing per cent of the yield, has been purchased. Of the amount unsold lt is -estimated 50 per cent Is In the farmers granaries and Is not likely to bep laced on the market until late in the Spring. The quotations today showed an advance of two cents on 40-fold and red Russian and a three-cent advance on club and Tur key red. The following are the quotations: -.Bluest em, SI. 05; 40-fold, -97c; club -and Tur key red, 93c; red Russian, 90c. Oats, $1.35,. Feed barley, (1.22. TACOMA, Jan. 7. Wheat Bluestem, $1.20 club, $1.10; red Russian, 1XS t SEATTLE, Jan. .7. Milling quotations, blue stem. $1.13; club. $1.11; Fife. $1.11- red Rus sian, $loy. Export, b'uestem, $1 12: club $1.08: Fife, $1.06; red Russian. $1.06. No car receipts up to noon. Yesterday's receipts Wheat 19) cus, oexs oht feariey ( cars. CODD YEAR ASSURED Business Outlook Could Hardly . Be Better. IRON TRADE IN FINE SHAPE Flood of Orders Booked in Past Two Months Indicate Kxceptlonally Heavy Consumption This Coming Year. NEW YORK. Jan. 7. R. G. Dun & Co.'s weekly trade review tomorrow will say: Not In a ha!f decade has a. year opened with the business outlook so generally aus picious as 1910. Some of the perplexing Issues that contributed to the crisis of li0 still remain unsolved, while the question of high prices has become more acute, but tt would seem as if business confidence were not going to permit these things to interfere with further progress of industry and com merce. The optimism which usually prevails at this season is apparently well supported by economic facts. In the great iron and steel trade, which Is so basic, this spirit of op timism Is particularly conspicuous. Condi tions are not so pronouncedly strong tn some otber departments, bub with favorable agri cultural conditions, and with no event, po litical or otherwise, to Impair the confidence of business men In the credit structure, there seems to be no reason to doubt a good year. The hide market is dull and weak, with transactions light and unimportant. All kinds of foreign hides are easier. OPTIMISM PREVAILS IN 'ALL LINES Heavy Consumption of Iron and Steel Prod ' nets IvOoked, For. NEW YORK, Jan. 7. Bradstreefs tomor row will say: 'Ihe year opens with a perceptible lull In trade, though with optimism the underlying element in all lines. Severe cold weather and heav snow, sleet or rain storms haVe checked transportation and retarded coun try trade, though more or less immediate benefit to retail trade in eities has accrued from the impetus given the demand for Winter goods. Wholesale lines have been generally qulef, as salesmen are not fully in their fields of activity. Collections are rather slower, and classed generally as only fair, due no doubt to interruptions to the" move ment of mulls and of farm products to market. Railways are reported to be holding back some orders for material and equipment, pending a clearer view of the attitude of the National Administration regarding rail way legislation. For the time being, the iron and steel markets are relatively quiet, but sentiment as regards 101O is optimistic. A flood of orders was booked in the last two months, and prospects favor an exceptionally heavy consumption this year. business failures In the United States foYj the V. Lt en1 f n tr To n . a .- tt ..-a-- TO N against 2 .'7 last week, 320 in the. like week of liioo, 4"tr In 190H. 2S3 In jftOT, and 2M1 in moo. Failures In Canada for the week numbered compared with 2'I for last week, and 41 for the like week in 100. Wheat. Including flour, exports from the United States and Canada for the week ending January 0 aggregated 3.1S.t.l45 bush els, against (,$, 450 last week, and 3.702,033 tilts week last year. Bank .Clearings. . NEW YORK. Jan. 7. Bradstreefs Bank Clearings Report for the week ending Jan uary 6 shows an aggregate of $4,127,820,000 op against $2.y44, obS.OOO last week and $3. 371.20,000 in the corresponding week last year. Inc. I'.C. 28. 6 New York . . . . "hicago Boston Philadelphia St. Iouis Pittsburg Kansas City . . . San Francisco . . Baltimore . . . . . Oincinnmt Minneapolis New ()i !ns . . . Clevela-yiV Clevlad Detroit Omaha . Ixmisviile Milwaukee Fort Worth . . . Los Angeles . . . St. Paul Seattle Buffalo Indianapolis . . 1 Spokane, Wash. Providence Portland, Or. . . Richmond, Albany WashinRton, D. St. Joseph Salt Lake City . Colifmbus Memphis Atlanta Tacoma. Oakland. Cal. .. Sacramento Helena Fargo. N. D. Houston . Galveston - . ... . $2.787. fi:t4. OOO ...... 2.'j.4:;.tiuo . V . 217. -"'Jo. OOO ". jsu.t;7i,ooo 72.1!M),0M 3::, 210,000 4i 22."i,O0O 42.710.O0O :i4.7:i.ooo U4. 944.O0O iiO,9:;o,ooo 27.S1 4,000 27.S14.0O0 sn.nuo.ooo IS, 124,000 14, 301.0(H) 11.9 1S.0 l.ft 23. 0 3.0 i.'i.fi 14.4 40.3 43 22.2 22.0 1'J.fl 3 5.1 10,000 1 1.003, OOO 7.0 0.044. OOO 1:1.4.15.000 9,472,000 I,05.0it0 lO.Gr.2.000 U.108.UOO 4.B2S.000 9.115,000 7.718.000 3 3.1 12.2 .9 9.4 7.3 .8 33.7 4.:i 28. 4 7.642.000 0.:t G.:so4.ooo 7. a 7.."91.0OO G.4 O,40O,00 6.6 7. 298.O0O 27.6 0,523.000 ;JH.3 S.017.OOO 1S-2 12. 321. OOo 121.1 r,205.OOO 1S.7 2.3.18.0OO 22.3 l,i:j2,ooo .4 809,000 31.-4 993,000 23.5 20,344.000 12.0 19,091,000 .3 Decrease. QUOTATIONS AT BAN FRANCISCO. Prices Fald for produce In the Bay City Market. SAN FRANCISCO. Jan. 7. The follow ing were the quotations in the market to day: Vegetables Cucumbers, $lt"i 1.50; string barts, I3fti 25c; tomatoes. $75y $1.23; garlic. 07c; green peas, 7f&15c; eggplant, 10 12fcc. iiillstuffs Fran. $27"g29; middlings, $G4 39. - Butter Fancy creamery. o3c; creamery aeronos, .-t.ic; lancy uniry, mc. Etrgs Store. 3oc; fancv, Cheese New. 16 (&lSc; Hftv Wheat. $14 10 50 113317; alfalfa, $3gl2 straw, per bale, 50 75c. 3714 c. young Americas, wheat and oats, stock, $7(10; Fn:i Apples, choice. 73c $1 ; common. 50!i?03c bananas, 50cg$3.23; limes. $4 1? 4.50: lemons, choice, $33-50; common. $1.30 g2.50; oranges, navels, $1.65 2.50; pineap ples. $22.50. Wool jiouth plains and San Joaquin, 8 10c; Spring Humboldt and Mendocino, 13 & 13c. Hops lS(g;24c per pound. Potatoes Oregon P.urbanks. $1.15(9 1.30; Salinas Burbanka, $1.2531.45; sweets, $1.50 (q, 1.03. Receipts Flour, 3306 quarter sacks; bar ley, 470 centals; oats, 1600 centals; beans. 08 sacks; potatoes. 6300 sacks; bran. sacks; hay, 646 tons; wool, hi bales; hides. 640. " Metal Markets. NEW TORK. Jan. 7. Ths market for standard copper on the New York metal ex change was easy today, with spot and all deliveries up to the end of April closing at 13.25 13.50c. The English market was easy and a. shade lower, with spot closing at 61 2s Od. and futures at -82 Is. Local dealers quote lake copper at 18.75(914c; electro lytic, 13.60 13.75C; casting, 13.25 13.50c. Tin was easy, with spot closing 32.75 83c ; January. 3270 - 82.90c ; February, March and April, 32.75 33c London mar ket had quite a sharp break, closing- with spot quoted at 140 7s 6d. and futures at 150 12s 6d. Lead was quiet, with spot quoted at 4.G7 Vz x?4.72""a c New York, and 4.05c asked Bast St. Louis. The London market was higher, with spot quoted at 13 13s 0d. Spelter closed dull, with spot quoted at -6.10C.23c New York, and 66.07fec Bast St. Louis. The London market advanced to 23 7s 6d- Iron was higher in London, with Cleve land warrants closing at 51s 2d. The local market was unchanged. Xftr York Cotton Market. NEW TORK. Jan. 7. Spot cotton closed Quiet. 30 points higher. Mid-nplands. lo.60c; mid-Gulf, 16.85c. SaJes, S700 bales. Futures closed firm. January, 15.45c; Feb ruary, 15.66c; March. 15.68c; April, 15.76o; May and July, 15.91e: June, 15. SSc; August. 15.48c: September. 14.17c; October, 13.60c; December, 13.2oc. Dairy Produce In tbe East. CHICAGO. Jan. 7. Butter steady. Cream eries. 266 34c; dairies. 5e30c. Kggs. strong; receipts, cases; at THE UNITED STATES .NATIONAL BANK PORTLAND. UNITED STATES DEPOSITORY -Capital . . . $1,000,000.00 Surplus and Profits $725,000.00 OFFICERS J. C. AINSWORTH. President. E. LEA BARNES, A. VL WEIGHT. Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS Drawn' ON ALL FOREIGN COUNTRIES THE BEST STREET INSURANCE IS THE BITULITHIC PAVEMENT It insures against dust, mud and street noises. m It insures against slipperiness and falling horses. y "It insures against cracks, disintegration and costly repairs. It assures a sanitary and durable Street. It assures conscientious workmanship and best materials: It assures perfect satisfaction. . BITULITHIC INSURANCE IS SAFEST AND SUEEST. WARREN CONSTRUCTION COMPANY S17 BECK BUILDING, PORTLAND. OR, 309 East Washington, East 277 Telphones B2742 Largett V r- .... , A d piaTfl S Cruises - F-1 '..T'V - rvr rwt lawn i mmm j THE CinVARD STEAMSHIP CO., Ltd. Kew Tnrk. Boston. Chicago. Minneapolis. Pbilsdelphia. St. Louis, San Pranuisco. Toronto luid Munireal.or Local Axencs. mark, cases Included, 2430Hc; firsts, 35c; prime firsts, 3Sc. Cheese, steady. Daisies, lfi 17c : Twins, 16iyVfec; --Young Americas, 16Vao; Long Horns, 10 c NEW YORK. Jan. 7. Butter Firm, un changed. Cheee Firm, unchanged. Kigg String. Western extra firsts, 40o; firsts. 38 "9c ; refrigerator. 25 j Q 2Sc. Coffee and Sugar. NEW YORK. Jan. 7. Coffee steady, net decline or 110 points. Sales. 40.250 hags, including January at 6. SOc; March. 6.90 ig 6.95c; May and June, 77.05c; July and September,t 7.107.15c; December, 7.06(3 7.10c. Spot quiet. No. 7 Rio, 7 ll-lSriJSc; Xo. 4 Santos. 9c. Mild quiet. Cordova, 9 x 11C. Sugar Raw, firm. Muscovado 89 test, 3.52 S.55c; centrifugal 96 test. 4.024.05c; mo lasses sugar, 89 test, 3.273.30c Refined steady. Crushed, 6.75c; granulated, 5.05c; powdered, 6.15c. Iried Fniit nt New York. NEW YORK, Jan. 7. Evaporated apples Firmer; spot fancy, new crop, 10 1 1 c ; choice. 9c; prime. 7H7?ic; old crop prime, 7c; common to fair, (S6c. Prunes Firm; California up to 3O-40s, 29c; Oregons, 6&9c. Apricots Steady; choice, 11 11 c, ex tra choice, 114 'S'12c; fancy. 1 2 H I 13 c. PORTLAND, SEATTLE, SPOKANE, TACOM A, " Downing-Kopkins Co. BROKERS Entnblinlied 1S3. Stock, ' Private Grain. Wires S01-2-3-4 Couch Bids. TRAVELERS' GCIDE. FOR TILLAMOOK STEAMER "SUE H. ELMORE" STEAMER "OSHKOSH" SCHOONER "EVIE" SCHOONER "GERALEtC." Freight received daily at Couch street Dock. Sailings every Tuesday and Friday evenings Passenger rates from Portland $7.50, from Astoria $5.00. Telephone Main 861. S-. S. NEWPORT Sails for Coquille River points direct, Saturday,' 8 P. . M., from Martin's dock, foot 17th st. Freight only. COOS BAY LINE The steamer BREAKWATER tears Port land every Wedneatlay, 8 P. M... from Ains worth dock-, for 'ortl. Bead, Maxslitleld atul Coos Bay points. Freight received until 4 P M. oa day of sailing. Passenger fare, first class. $10; second-class. $1. including berth and meals. Inquire city ticket offlca. Third and Washington street, or ednswrts Cock, Phone Main 2&&. OREGON R. W. SCHMSES. Cashier. Vice-President W. A. HOLT, Assistant Casltier. Corner Water and First Sts. Write or Phone for Information Offer the unsurpassed in Luxurious and Comfortable Ocean Travel By the great 20,000 ton afeamen "CARONIA" Jan. 8, Feb. 19 "CARMANIA" Jan. 22, Mar. a . ttiple - ccrew turbine in the World saaunia kd. s, Mar. i L Twio-Screw. 14300 torn A " i TRAVELERS' GUIDE. The Pleasures of an Ocean Trip are assured on the steamers of the. HAMBURG-AMERICAN LINE NEXT SAILINGS Plymouth, Cherbourg and" Hamburg. S. 6. Graf Waldersee, Jan. 15. i A. M. JS. S. Pres. Lincoln. Jan. 29, 9 A. M. "Hamburg Direct. jOinits Plymouth. For Oberammereau Passion-play Ber lin Exhibition lttlO; Brusls Exhibition liilO. and all other interesting European events. Inquire of our Tourist Department. Hamburg-American Un, 160 Powell St., Ntn Franricas and Local Rsilroat Agents In Portlum!. A WONDERFUL CPPORTTOilTT y TO VISIT THE COUNTRIES OF w Sootii America Offered Id tbe l,20O-mik crnise of the S. S. Bloecher () Leaving New York, Jan. 22, 1910 lasts 81 daTs sod costs from l&OO upward. Also craises to tbe West Indies sod Odeat HArBIJRG-AMERICAN LIXB ISO POWELL ST.. SAN FRAXCISCO Vnd Local R. R. Agents in Portland. Italy AND THE Nile i CONVENIENTLY ' REACHED BY OUB MEDITERRANEAN SERVICE The spler.did, large steamships J HAMBl'KG, Feb. 15. March 2. "IX- ; tlSXATl, .Ian. iu. etc., for Olbraltarr Na- pies and Genoa (with occasional cails at i the Azores and Madeira iBlands). ExcoN 1 lent connection with steamers of Hamburg & Anglo-American Nil Co.'s services up tha f Nile through EGYPT. 1 Hambnrir-American Line, liO I'owell St.. San J-runciHco, and lca,l Kullroad Affrata I In Portland. ' NFW 7FAT ANI1 w Service Tia Tahiti. .UrUJVlll Delightful South Sea Tours AIISTRAIIA ror Rest, Health and lUOlUrlLlfl Pleasure. New Zealand, the World's Wonderland. Qeysers, Ht Lakes, etc. The favorite S. S. Maripoca sails from San Francisco Dec. 28. Feb. 2. Msr. 10. etc.. connecting at Tabitl with. Union Line for Wellington, N. z. The only pasxenirer line from V. S. to New Zealand. Wellington and back. $260- Tahiti and baclc. 125. 1st class. SOUTH fcfiA ISLANDS (all of tbem). three months' to.nr, J400. Boole now for sailings of Dec 28 and Feb. 2- Llne to Hawaii, JllO round trip. Sailings every 21 days OCEANIC 6. S. CO, 8i Market street, San Francisco. NORTH PACIFIC STEAMSHIP COMPANY. s. 3. Santa Clara sails for Eureka and t-an Francisco Jan. 1. 15. 2N; Feb 12. 20, at A p. M. S. S. Elder Hall, for J Eureka. San Francisco ana lob Angeles, Jan. 4. 18; Feb. 1. 15. at 8 P. M. S. S. Hoanoke satis for San Francisco and Lorn Angeles Jan. 11, 2.1; Feb. 8. 22. at 8 P. M. Ticket office 132 3d st. Phones Main 1314. A 1314. II. Youngs. AgL SAN FRAN. PORTLAND S. 8. CO. From Ainsworth Dock. Portland, 4 P. M, 8.S. Rose City. Jan. 14. 28. S.S. Kjuimm City, Jan. Zl. Feb. 4. From Pier 40. San Francisco, 11 A. M. S.S. KaniM City, Jan. 15, 29. S.S. Rose City, Jan. 22, Feb. 6. J. W. Ransom, Dock Agent, Ainsworth Dork, Slain 4uz. A 14UZ. Phones Main 268. A 1234, IV WWW J) ! 3