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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 27, 1911)
17 TIIE MORNING ,OREGONIAN, FRIDAY, JANUARY 27, 1011. AT RMDPR.CE Turpentine at Highest Figure Since Civil War. SMALL SUPPLY AVAILABLE Output of TliU Teir't Crop I Vn- crrtain I'ne of Substitute In the Kl High and Ixw Pric,. Turpentine Is in selling throughout the oantry at the blbt prices sine "he C1vl Tver. Th local quotation. In tu, $I.0J per gallon. The reason for the sharp advance la tha great dtminl and the small supply resulting from a short crop. Tha market an tha Atlantic seaboard ara now an lha M-cent basis. Tha following labia gives tha nigh and low prices of turpentine for lha paat eleven years, compiled from ho official records of tho t-avannau Board of Tra-lo: Miches. Lo Cents. Centa. April. 1iw March. l!"t... 54 3 April. l'l-Min-h. 1 rC . . . M s April. 11K)3 Mareh. IM3... i April. 1x1-March. U4... i 4i April. 1MI Warvh. H'J... 51 April. lima March. lwH... 7 M April. " IW" March. IW1... 74 April. l;.i7 Marrh. I... " April. IK- Marrh. !! .. . 5"H " April. lw March. lll. . . WS April. lOlo January. Ill. M A leading Eastern authority aay tha pree .nt high price of lorprnttna Is daa to tha fact thai unfavorable mrcath.r conditions caused conjld.rabla damage to tha crop of last year, which necessarily haa brought about a dearth of supply. Ha makes lha following statrm.nl: Tha turpentine season begins abont In April, and last year at that tlma there wara frosts In Florida and Georgia, where tha trees from whlrh wa get tho tnrpantlna grew. severe rainstorms also wasbad away tta crude product gathered In tha cups, and whan It cams lo distilling tha staff It was found that tharn was llttla turpentine left. -Vs cave now reached about tha and of tha season, and thera Is no telling how tha now crop will turn out. As for tha - prnaant situation. I think tha market baa marnly raspondad to trade conditions of supply and demand, and tha Man prices wtrt to ba expected. I do not believe that any such thine as -manipulation' la responsible for currant quotatlone. Tha h!n prlca of eptrlta of turpentlna haa led to tha purrhass on a tares seals of substitute products, such as wood turpen tine. Throughout tba East, many ratall dealers, who do a small business, and tbosa who are unreliable. hae bean In tha habit of 'adulterating thair turpentine with ben- lne or kerosene, and hare sold wood tur pentlna for the spirits of turpentine; but In recent months this practice la said to have become more common, painting contractors and deeorat-rrs. who made contracts for work long before turpentine reached Its present high level, bare found It Imperative t resort to substitutes In order to a Told financial losses. It Is not expected to get spirits oft nrpentln at 3J" rents a gallon tha lowest price on record (September 4. K3e) atUL anything above 0 cents Is con sidered rather exorbitant." Hor trades mostly amoxo dkaijirs H. I- Hart Pnjs 1 Cetsta far Kreb Hrwa. Let. Trading In h-pa la again principally be tween dealers. M. L. Hart yesterday bought seTeral lota of IBloa at 17 H to 19 cents snd for lXv paid 10 to IS cents. Among h's purchases was a el -bale of new Inde pendence hops from Krb Tiros, at 1 cents and 03 balea of elds from Krebs at lO cent. A few other small deals were concluded. The unsold stock of Oregon 110 hops has been reduced to Tl bales, but there Is a considerable supply of olds remaining. Stocks of all growiba left ia the ststa areas follows: , Bales. I01O .. ! .. 1 . iT ! .. 7rtl 4MT 4i7 l.-JJ Total Krebs Proa, show their confidence In the future ef the market by baring leased 170 acres or hop yards for cash rent- They bare taken vO aerea oa Krowa Island, 33 acres of which are la hope; also 133 acres In tha Alrile section. Tha Kentish observer of January 11 says of the English market: Tha market continues to show much strength and buoyancy. Prices are higher all round: boie which wara obtainable last week at IS a are now up to 13 llM. and there ara very lew lots to bo ha.1 at lesa nan that flsure. Present quotations to growers are as follows: East and Mid Ken's. Is lis to tit s; Wealds and Pusses, ii 1"S to (4; low and Inferior qualities, it ls to is 3s; tearl'iiss. ii to iS 5. At faturUar's market at Worcester more growers were showing aarr.pl .a. bait In many cases ther saked r.ry emtrema pricea.. A so...: trad, was done, and thera ara still buyers at late rates, or even a llttla over. Merchants stocks are very much reduced In quantity, as growers have oean reluctant to sail. MORB PRtJiJilR't TO HELI. OATS. ItaMera OVarlog Mar Freely a ted Market Is Weak. Much pressure to sell oats haa dareloaed b the past few days. Tha demand Is pure ly local and Is not heavy, while tha excess sf offerings has tended ta weaken tha mar ket. Buyers would not bid aver I2S y ester ase. Barley wsa quiet nd steady. Tha wheat market was dull and tha gercsrreat was generally weak. Club and bluesgem were quoted at tha old prices. There baa beaa a little trading la Valley wheat In tha past two days at beater figures than ware lately current. Local receipts. In cars, were reported by lha Merchants Exchange as foilowa: Wheat Barley Flour Oats Hay Monday Tuesday ' Wednesday ... Thursday 53 Tear ago 11 3 4 11 T I SO 1 3 .. 10 3 7 1" 11 S IS SS7 15.13 5nl 111s 775 207 EOC.S ARC HOW TO TlflBTT CESTS. Thickets Sap ply Heavier aaal Prices Ara Weakar. Thirty cents was U general quotation on Oregon etrgs yesterday, and buyers hesi tated to pay even this reduced prlca. The poultry market was better supplied than for several daya Ducks wsro taken readily by the Chinese, but chickens dragged and I cents was ths top quotation. NO change was made In local butter prtcea but the market was weak. Cheese waa steady. Vegetables Selling Better. After several daya of quietness, tha de mand for vegetables had fruits reel red. The street was well stocked with all green llDea. s, car each of cabbage and cauliflower be ing added to tha supply. Rips bananas ara Besoming scares and It la probable tea mors will arrive before Sunday. Bank Clearings. Bank clearings of the Northwestern cities yesterday wara as louows: learlr.ee. Balances. Portland peatti . Tacoma . Cpoaane . ...ii.3"7.:o 1142. ota .... i. ;.! us.7ti . ... K.1.Y2M 1.!7 . ... &90.7-1S OU.47S WsTLUTD MARstET-a. Craia, rVear. Feed. rtr. WHEAT TracX prices: Blueslem. Uc; club, "si Sic; red Russian. T9c: Valley, M see; e' f-1 hi ii, 1 1 . BARI-EY Feed. f:3S014 per ton; brew ing. t:7tt.5S per ton. MIUUPTI FFS Bran. $-3 per ton: mid dlings. 331; shorts. J6; rllcd barley, FLOUR Pstanta !. pe- straights. tlw--; exports .T; Val ley, ta 10: grabam. $.s; whole wheat, ' ro-'whole. t;; cracked. Jt per ton. OAT No. 1 whlta. : per ton. HAT Track prices: Timothy. Willamette Waller $1SO?o per too- Kn -tern Ortcnft. flrllJ: alfalfa. $1!.S0 1 J.5 : grain hay. tix.i0l: clover. Sll.tU u 13.it. Vegetables and Frulta. APPT-KS Baldwin. TSretl.liS: Northern f-py. neOtl.W: Ked Oiaek I'lpptn. 1' -;': Winter Banana. 1.7S: Sritxcnlnirs. l-" pL)' Yellow Newtown., I 7J; Arkansas Black. $2; pelswsre Red. 11. 7S; Oano. S1.2S; WBACK' VEOETAB LPS rarrots, l-0 hun dred, parsnips. l.-iti 110. turnips. 1.00 bR:;lN'FRrTTw Pears. l.301.73 per box: Malagas. 77.M per barrel; cranber ries. i:ia.SO per bsrreL VEOETAH1.F9 Besna 13He Pr pouna: cabb.ee. tISSflt.SO per hundred; rnulllmw. sr. S173B3 par crate; celeo-. California. 13 s 1 15 per crate; cucumbers. I- per r-er: egg plant. 13c per pound; garlic, lou 12c per pound, green nnlcns. -0c per doxen: head lettuce. .ni6.c per box; hothouse lettuce. J1.0O I.M per box; peppers, lie per IK; pumpkins. c per lh.; ra.ll-hes. f3ic p-r i"t'i: ''"1"; He; squash. Sc par pound; tomatoes, ILU 2 SO oer box. POTATOKS Oregon, buying price. ITTJ 1.30 per hundred; sweet potatoes, fSO-J s.7S per hundred. TKOPICAL. KfIT Oranges, "aval ;atTt per box: Japanese. II per bundle: Florida grapefruit. 13..0; California grape fruit. UWOl. bananas. 0c per pound; pin- apples, so per pound: lemons. 12. .. ONIONS Buying pries. 2 per hun dred. Ttevcv aael Coowtrr Proelejem POULTBT Ure: Hna ISwltw: Bptlngs. IKelluc: turkeys, 22 a 2.1c; ducks. -u lc; gaeae. ll14c; dressed turkeys, choice. Kiios Oregon ranch, candlad. tOc; Oregon case count. JRtl-'Se. liOTTKK City creamery extra. 1 ana s pound prima, la boxes, He per pound; lasa thsn htves. csrtons snd delivery extra. CHEE.-K Full creara. twins, loc per aounii: young America.. 17c. POHK Fancy. 11,I1S Pr pound. VKAU Fancy, 84 la 1I6 pounds, 13 1-40 rar irvuad, flraewrlea. Drtad- stalls, eta. DRIED UlLiT Apples, llllnie per In.; carraata. ll&a; apneota. 14 H) l . daise. pack as a. lUSee per la.: 3S-., wnite or b.aca. by each, icyeu; bus. eLfru t.l; la-ls. sic; o-lia. au-la. . amy m 1 be SALMON Columbia Blvar. 1-poond tails, tl IV par dosea; s-pouad lalla. 18; pound Hats, 43.40; Alaska pink. 1-pouna tails. H-ii. -,s..a- COFFGU Rosa lad. in drums. 23t?a per pound. .. Nl. To Walnuts. 17 H 1S P onnd, Brsxll nuts. latyltSc; filberts. 16c; almond, Kttlsc; paeans. J be; cvecoalnuts. IMctJtl pee dosen. ennuuu, lic tar pound; nickory nsts. toioe par pound. ALT oranuiateu. 1B per ten: Half ground, loos, ts.40 per ton; AOs. t par ton, BEANS nmaii wnite. 4 lac. large white. 4; Lima, a-suc: pink, ic; red Mexicans, iac; bayou. 4 iac RICE No. 1 Japan. 4c: cheaper groans, t3Mu4.43; aVoutaara head. SSsOla. HON Bit Choice, 43 ; per case; stralnea, He per pound. B'jliAH Lry granulated, fruit ana berry, t:.40; teat. i.iu; extra C. i: goldaa C 4.0; yellow IX, 44-stt, cubes tbarrele. 15. Ii: liuwdered, 14.63. Terras oa remit tances within IS days, dsduct tee per pound, i, la'.ar than 13 days aud wltbla 10 oaya, deduct a per pouso. Maple sugar. 44 IM per pouod. HAMS 10 to I'i pounos. IT He: U to 14 pruods. IT He; 14 to 10 pounds, like, skinned. Hfcc; picnics. 14c; cottaga rolL I.e. BACON Faacy. JJe; standard. lie; choice. :.1c; Kngllsh.' toe. SMOKED HEATS Beef tongues. tSo; dried beet sets. i:e; outsidee. Mm; lasldas. Itc: knuckles, lie. DRT HALT CURED Regular short clears, dry salt. It He: smoked. He: backs, light, salt. It He; smoked. 14c; backs, bsavy, salt. Itc: smoked, laHa; exports, salt. 14e; smoked. 1 1 H c LARD Kettle rendered, tierces. It He; tubs, 14 He: standard pure, tierces. 11 He; tubs. 11 He; choice, tierces. 11 Ho; tubs. llHe: shortening, tierces. luHet lubey 10 He. OUa, LINSEED OIL Pure raw. In barrels, I1.U7; kettle boiled. In barrels. tlOS; raw. In cases, fl.12: kettle boiled, la cases. $1.14. Lots of SoO gallons. 1 cent leas per gallon. COAL OIL Water While, casea 17c, wood bbia.. ISHc. Iran bbla. Ho; Headlight, esses ISHe. wood bD.a. 14 He. Iron bbia- 11 Ho; Eocene, rases 20e: special Water White, wood tbla. 17c. Iron bbls. 13c: Klaina, casea lie: Extra star, eases 30c; v. U. P. baptha. casea. 22Hc; Iron bbla. ISHe. OASOLlNcl Red Crown or motor gasoline, cs.es. 34c; iron bbls . 17c: "4 gasoline, casea, HO. iraa bbA Sue; Aroturps, cases 43o, Iron bblsL. lAc; aaglne OUsUUaia. cases too, uea btoa. 4c EGG 0FKS HEM SEATTLK I)K.IntS CtT rnicE TO S I CENTS. Grain Markrt Stfady and Vn changrd Brl.-k Demand for Staple Produce. SEATTLE. Wash.. Jan. J .( Special.) Tba plica of freak eggs dropped another rent today. Several dealers cut the price to Sic and tha cut was met In m?t Instances. Of ferings were heavy and tha demand only fair. Most Jobbers look for ths pries to drop to 30 cents snd lha retail price lo set tle at S3 cents. Ths poultry market was very active as a result of the demand occasioned by the Chi nees New Tear's colebretloa. a bleb com mences next week. Ths fruit snd vegetable markets wore ac tive. The demand for stsples wi.s particu larly brisk. The demand for apples was better than at any time In several weeka. Fancy fruit sold at full riiecs with S&0 about tba too oa the best selling verle- F.xtra fanor tomatoes sold ss high ss 2 75. Cucumbers were ftffored at tl.ft'fc A straight car of Mexican tomatoes was ot- 'Th lemon market was itirfer. ss high as 3 7S being asked for the best stock. Elf plant Is about off the market- The sup ply of spinach waa larger than could bs moved. . , The grsln market was Heady and un changed. Hay waa decidedly weak with considerable price-cutting going on. TRODCCE AT SAN rRANCISCO. Quotations Current la tho Bay City Mar kets. SAX FRANCISCO. Jan. St. The follow ing produce prices were current today: Yegetaules Cucumbers. 6.'ll; garlic, 4 ec- green peas, S97c. string bean, sty 12 He; tomatoes. ll.i0; egg plant, 109 Butter Fancy creamery. Stic. Kggs Store. I4c; fsncy canch. !IH& Cheese Young America. lSHtMoo. MlUstuffs Bran. -'7w30; middlings. t3 Hy Wriest !914; wheat and oats. $ t) 11; alfalfa. 11. s-r,,!! Apples, choice. 65e: common. 4Cc; Mexican llaiea. tt.sOtft; California lemons, choice. $3: common. 1.50. orsnges. naval. 1130112-5: pineapples. 4- u 2.51. Potatoee-Early Roee. tl.SOtrl tS: fallnas. Burbanks. li WulJO; sweet. 33.23; Ore gon Burbanks. tl.ti'jl- Onions (!.' LbS. Receipts Flour. td quarter sacks; wheat. 7S centals: bxrley. 41.i7 centals; oats. IS centals: potatoes. :!: sacks: bran. :: sacks; middlings. 73 sacks: hay, lit tuns. Wool Firmer at London. LONDON. Jan. 25. The offerings at the wool auction sales today amounted to 13.214 balea Competition was actlvs and prices ruled firm. Coarse croaebreda were In eager request nt bsrdenlng rules. Americans bought tine merinos and a good quantity of eroas-breds. Havana Bond Issue Taken. LONDON. Jan. 7t. An Increase of t.!5. 404 In Havana Terminal 4 per cent deben tures was ottered. It was quickly oversub scribed and at tha clues was quotsd at 3 per cent premium. Waal at St. Loal. FT. LOUIS. Jan. 2. Wool Unchanged; territory and Western mediums. 21f3c; fine mediums. lTstlSc: fine. llletlSc. Hops at New York. NEW TORK, Jan. a. Ilofis Firm. MUCH GRAIN AFLOAT Argentine Wheat Shipments Are Double Those of 1910. CHICAGO MARKET NERVOUS All the News, Domestic and Foreign, Kavor the Bears Last Prices Show Half Cent Xet Loss. CHICAiiO, Jan. SO. Confronted with Ar gentine shipments, doubls those of lsst year and treble the records of a week ago, the wheat market today turned nervous and weak. Latest figures showed a net loss of He He to HtTHc. Corn closed He to He down and oats HO He. At ths finish pro visions were 5 He off to 10c adrnnce. It was announced that Argentina wheat shipments for January to date were 3.000. 1HH bushels more than for the entire month corresponding In 1910. In this connection authoritative figures were expected to show that world shipments hsd averagad 13.140,- 000 bushels a week and that only 10.S23.00O bushels avorags would bs required for ths remainder of ths sesson. Russia and tho Danublan ports havs been shipping at the rats of more than 4.000.000 bushela a week. At the same Urns the new crops of Argen tina as well as Australia and India have not yet been touched. Domestic developments also appeared to favor chiefly the bcara. Cash v.h-at waa weak In all directions with Kauaaa City snd Omaha complaining of lack of storage room and with the seaboard sell ing bv the boat load at well under the price of Chicago May delivery. The range for that option here today was from PoSc to psHti'-'i'c with the close H O He net lower at lHc- . .. Corn sold off under local pressure both fnr long and short Recount. May varied be tween SOHe nu 50,c. closing l3So dewn nt S" H 11 i" r. Corn was easy; No. X ysl low flm.he.1 at 47t7Hc. Poor ehlpplns calls depressed osts: May ha.l as high and low points. 3414c and 34H 434Sc, with final sales H 9 He off at 84H iii Vr-v'.Mr-ns strength was attributed to lack of of. Inga. At the snd ',th; pork was 2i.c lower lo Sc up: lard un chxnged to :',e higher and ribs tne same as last n!ht lo an added cost of 10c. Ths leading futurea ranged as follows: WHEAT. Open. High. Low. Close. July .1H H ' Sept 1S 3H CORN. Mar ... .&7V .60H .60H .50 July . .MH .'OH S1H 61H OATS. July.".." .ni -4 MESS PORK. Mar H.S7H lt.5i, U.SSH 1S!H July:.::.: k. hi " LARD. May .Jtt H .T7H J.77H July .7J .77H -70 .70 SHORT RIBS. Mar .t74 0 t. July:::::: .7 .7ih s-.:1 Cash quotations were as follows: Flfiul Quiet. live No. 2. 13 He. . liarley Feed or mixing. 4597ic; fair ta choice malting. 87tj4c. Klax.eert No. 1 Southwestern, i.l9; No. 1 Northwestern. Timothy seed H0.40 10.70. Clover $14.75. Pork Mexs. per bsrral, flOSIO. i. I.srd Per 100 pounds. $4.91' H. Short ribs Sides (loose). J10'I4.B. Sides Short, clear 1 boxed). tl.7S911. Oram statistics: Total clearances of wheat and flour were equal to 104. 000 bushela Primary receipts were 425.000 buahels. compared with 427.000 burhele ths corresponding day a year ago. Estimated receipts for tomorrow: Wheat, It cars: corn. 4.3 cars: oals. 111 cars; hogs, 19.000 head. ,.. Receipts. Shipments. Flour, barrels 14.n 18.900 Wheat, bushels !:.') 77.004 Corn, buehels 447.S04 63. l"t Oats, bushels B-'S.SOO SS6.700 live, bushels 4.004 11.000 Uarley. bushels 76.400 1 40.000 Grain and rroduro at Wear York. NEW TOI'.K, Jan. 2il. Floor wss qnlst snd without 'quotable- chsnge today. Re ceipts. 22.742 barrels; shlpmsnts, 17.3S0 bar- " wheat Spot Irregular; No. red. 98e elevator and !Hc f. o. b. afloat; No: 1 Northern Duluth. tlK'4 t. o. b. afloat. Futures market was dull with smsll prlca chanxea Cables were lower, but there wss an arVence of pressure, due to moderate ex port sales, closing Ho net lower. May closed 1.02H: July closed 41.01 Re ceipt..' -.4'H bushels; shipments. S0O0. Hides IiulL petroleum Steady. Wool Quiet. Furopeaa Grain Markets. LONDON. Jan. 2d. Cargoes quiet but Arm- sellers firm, buyers quiet. Walla walla tor shipment 3d higher at 8tle. Kiigllsh country markets steady; French country markets dull. LIVERPOOL. Jan. 14. Wheat March. 7s lHd; March. 7s 4id; neather fine. Minneapolis Craia Market. MINNEAPOLIS. Jan. 24. Wheat Msy c!os.d. amsm H; n- i.r,h,rn: JI.OOHt? l-H: No. 3 wheat. Htf IL0I H. No white oats. SlH3:c: No. 2 rye 7o; flax closed l!.i7; barley cloaed. SuaaOc. Grain at San Francisco. 4) SAN FRANCISCO. Jan. 14. Whsat and barley Steady. heaq,-s'nV,?pn.'n7. t.40l.UM per eent.L liarley Feed, ti l: H t l ", Pr tental; brewing. 1.16Wl.0 per cental. osts Rod, tl.lttil.37H P-rcental: white. llotiTJo per centsl; black. I1.11H&L20 per cental. Call board eslea J:i,hryZ:De"mber. tl.lSH bidtfl.14; May. tl.l bull) L17 H aaksd. Grain Markets of ths Northwest, SEATTLE. Jan. 28. Milling quotations: Bluestem. bflc; fortyfold. tUc; club. 82c; Fife. K-'c; red Russian. SIC Export wheat: Ulueetam 8Sc: fortyfold. lc- club. oe: Fife, die; red Russian. 78c. Yesterday's car receipts, wheat 12 cars: barley 1 car hsy IB cars. TACOMA. Jan. 9". Wheat Bluestem. 84Hc; forty-fold. 83Hc; club. 82Hc; red Ru.lan. eHc. Keceipts Wheat. 2 cars; hay. S cars; oats and com. 1 car each. STBOflGloTlllGTI STOCK MAUKKT IX PROFKSSIOX Al. HANDS. Atchison and St. Paul the Firmest Features of tho Railroad Mst. Harrlnians I'nder Pressure. NEW TORK. Jan. Tba toek "J ket traveled today In the path which It has followed often In recent weeks, with k". showing of spirit In ths first hour snd Utile more then a pretense of conduct lug business during the rest of the day. Prices ruled slightly above yesterday closing, snd. sfter a dip in the Orst hour and an immediate rally, were maintained at a dead level, with a few Isolsted exceptions. The bnlk of trsdlcg was confined to tho speculative element on the floor. In tha last hour prices moved up smartly and ths doss ""tchlTon and St. Paul were strong fea tures of the railroad list, the former on ac count of its aatlafactory December show ing and the latter by reason of the dee lsrstion of the regular semi-annual divi dend of H per cent. The Harrlman stocks were sgaln under pressure, v. Itn a renewal of reports thst an unfavorabls decision In ths merger cases Is Imminent, but they held firm during most of the day and were con spicuously strong st ths close. Foreign exchange wss easier In response to a fall in the klngllsh bank rats, the de cline reaching 10 points. Xeu bond market waa steady. Total galea. t3.90S.400. United States bonds were un changed on calL CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Allls Chsl pt.. A mal Copper... Am Acricult . . Am Beet Sugar. American Can. Am Car & Friy. Am Cotton Oil. Ara ltd Lt pf Am Ice Secuxi.. Am Linseed ... Am Locomotive. Am Smel A Ref do preferred.. Ana- Steel Fdy.. Am Sugar Tl. f. Am Tel A Tel. . Am Tobacco pf Am Woolen ... Anaconda M Co Atchison do preferred.. Stl Cner Mna. Bait A Ohio -. !" B-tlilehera Steel 8.000 H2H Brook R Tranw 200 77 H Canadian Pac .. 1.1HH) 2flH Central Leather 1.1KHJ 31 H do preferred.. Central of N J Ches A Ohio . . 2.000 88 H Chicago A Alton 30 H 32), 1 7rt)s 208 30 H 7 ' I 208 H 31 103 280 83 U 25 22 4 4'4- I 145H Chi Cl West do preferred.. I'm Chlcsgo A N W 2i C. M A St Paul l.WOO C. C. O A St L. Col Fuel A Iron 700 Col A Southern Ponsol Gss 1.20O Corn Producta ,. Del A Hudson D A R Grande do preferred. Distillers' Secur J.400 Erie 2D0 do 1st Pf .... 100 4rt, 14."H .128" "34 H itiii Ill's 1 45 12Y94 34 H iitH 128 B2 34 74 68 1414 14 1H 30 1 3.'l4 28H 47 8544 151 12A 594 135 H 1!) 53 114 17 12H 40 H 18 S3 e.i 112H 143 H 27 13814 34 H C4 50 '4 121H 61 864 111 414 105 70 H 1184 25 1 -'. -4 100 H P7H 18 32 11H 33 1554 33 H 84 81 61 40 25 63 no 118H 27 4 35 26 21 40 H 175 lS 5 S8V1 78 119 45 4 1H 34 50 67 74 4 84 H 28 H 47 34 28 H 47 ir.i" 125H 50 H l.tll 19 62 H 113H do 2d pf Gen Electric .. 100 Ml Ot North Pf .. 00 1211 lit North Ore.. .UK) B9H Illinois Central. 100 130 Interbor Met .. 20 10 do preferred.. L5HO 53 H Inter Harveeter .400 114 H Inter Marina pf. Int PaDer ..... Int Pump 200 Iowa Central .. 200 K C Southern.. 200 40 14 18H 83 H 304 18H 82 H iis'n 27H "35" "boh 'siii ' iii" 104H 70 H, 118H 25 H 127 loH 87 32 do prererrodV, Laclede Gas .. 1.200 1124 ImuIs A Nssh Minn ft U. 800 27H M. S P A S S M Mo, Kan A Tex do preferred.. Mo Pacific .... Nat Blacult ... Nat I ed Mex N Ry 2 pf N Y Central . . . N Y. Ont A Was 100 200 466 60 H 60S ii',66 iiin Norfolk A Wee. 2.S00 North Am .... 2K) North Pacific 1.I Pnclflc Mail ... -'00 Pennsylvania .. 1.200 People's Gas . . 200 P. C C A St L. 100 ins H 7 H 11I1H 2S 127 H lixi 4 87 H Pittsburg Coal .... Pressed S Car.. 200 83 Pull Pal Car Rr 8ttel SDring Reading 52.100 Republic Steel... 300 do preferred.. SOU Rock I. land Co 1.20O do preferred.. 3M) Ft L A S F 2 pf 000 Kr T. Kouthweet ...... 1.-..-. 33 H llri .114 l!l4 41H 1544 33 04H 31H 61 H 40 H "2 .10 117H 27H 64H -27" 22 no H 174 H 83 H '87H 77H 11 8 74 45 H 04 lH 3.1 50 T4 '74H iiflH do preferred.. S0O 63 H Sloss Sheffield . :hh ro Southern Pac 7,800 119 Southern Ry .. 300 do preferred.. 100 Tenn Copper ... Texas A Pnc. . 10 Tol. St L A Wes 400 do preferred. . 3o0 Union Pac SO.r.oo do preferred. . 300 V S Realty V B Rubber .. 2.200 U S Steel 40..VH) do preferred.. 100 Utah Copper . . 000 Va-Caro Chem. 1.0O0 Wabash 100 do preferred.. 400 Western Md .. 200 Westing Else Western Union. 200 Wheel A L K 27H 64 H 27 22 '4 .10 H 17HH Mis 'ssh 7SH 118v4 45 H 04 H 10H 35 H 00 Lehigh Valley .. 3.700 177 1 7T Total salea for the day, 222.000 shares. BONDS. NEW YO"RK Jan. 2. Clolng quotations: U. 9. ref 2S reg.l00IN. T. C. g 3HS 88 B do coupon ...HMiNo., Pacific 3s... 70 V S 3s rg 102 H No. Pacific 4s... 100 do' coupon ...102H So. Pacific 4s... 81 U.S. new 4s reE.H5iLilon Pacific 4a.l04 do coupon ...llSHIWIs. Central 4s J D. A R. G. 4s... 92Japanese 4s .. 80 Money, Exchange, Etc. NEW YORK, Jan. 26. Money on call steady. 2Hj2 per cent; rullnK rate. 2 per cent: closing bid. 2 per cent; offered st 2 per cent. Time loans easy: for 60 dava. onered nt S per cent; 80 days. 8 per cent: for six months. 3H per cent. Prime mercantile paper. 44 rer cent. Bterllng exchange s'.cdy with actual busi ness in bsnkers' bills at f4.8275w4.8280 for 00-dsy bills, and at $4.86 for demand. Com mercial bills. 4 8104-2. - Bar silver. Mo. Mexican dollars. 4jC ... Government and railroad bonds, steady. LONDON. Jan. 2. Bar silver Quiet, 14 l-d per ounce. Money 3 tH per cent. The rate of discount In ths open market for short hills Is 15-1 ft 4 per cent; three months' bills. 13-ltSl per cent. SAN FRANCISCO. Jan. 2. Sterling on tondon. 40 days. (4.83: slfrnt, $4.64. Drafts Sight. c; telegraph, 11c CHICAGO, Jan. 24. Exchange on New Tork. 15c premium. Bank of England Bate Reduced. LONDON, Jan. 24. After a prolonged dis cussion, ths directors of the Bank of Eng land today reduced the bank rate from 4 to 4 per cent. This action was unexpected In view of the present stringency in the money msrket, which recently hardened pri vate discounts; but svldently the directors were guided to their decision by the fact thst they hsve sbsoluts control of the money market through the time collections and will be able to make tho 4 per cent rats effective. When the bank returns ara published the reserve probably will show a good Increase. Discount rates at foreign centers are also lower than in London, and thera Is an ab sence of foreign gold demsnd. - It Is be lieved that the Indian requirements are less Sresslng and probably this helped to bring own the minimum rate. Condition of the Treasury. WASHINHTON. Jan. 26. At the begin ning of business today the condition of ths United Slates Treasury was: I Worklns bslsncs in Treasury office. 124. 61O.430; in banks snd Philippine tre.at.ury, I33.530.3S3; the total balance the general fund was $8o.554.38. Ordinary receipts yesterday were t2.075.872. with ordinary dis bursements of $2,560,458. The deficit to dste this fiscal year Is t8.582.761. as sgnlnst f27. 839.831) at this time Inst year. These figures exclude Panama Canal and pullc debt transactions. Stocks at Boston. BOSTON, Jan. W Alloues .13 Closing quotations: Mohawk .... 44 18 10 27 6 75 Amalg. Copper.. 63 A. Z. L. A Sm.. 23 Arlxona Com. 13 Atlantic 4 R C C A S M. 11 :Nevada Con. .., 'Nlplsslng Mines.. HjNorth Butte...., jNorth Lske..... 'Old Dominion.., Butte Coalition. 18 CaL A Arlxona. 48 Osceola 110 A :Parrott tS. A C.) 11 Cal. A Hecla...5l Centennial 12 .on. Ran C. Co. ! Iwuincy ......... 63 Shannon ........ 11 Superior 36 Sup A Bos Mln.. 4 E. Butte Cp. M. 12 Franklin 1 Glroux Con. . 6 nranbv Con. ... 20 Sup A Pitts Cop. 14 Tsmarack 44 U. 8. S. R. A M. 85 Greene cananea. 6 H) do preferred .. 46 Utah Con 40 H Utah Copper Co. 45 Winona 7 Wolverine 118 l I. Royals (Cop.) M Kerr Lake 7 Lake Copper. .. . S3 La Salle Copper 7 Miami Copper... 18 Metal Markets. NEW YORK. Jan. 26. Standard copper, weak: January and February, 11.855 12.05c; March and spot and -Ap-11. 11.800 12.10c. London, quiet- Spot. 55. futures 55 16s 3d. Arrivals. 170 tons. Custom-House returns show exports. 24.137 tons so far. Lake cop per 12.62H12.S7Hc: electrolytic. 12.87 12 50c. and casting. 12.1212.37Hc Tlrr Easy. Spot, January, February, March. April. May and June. 42.50e4jr.ooc. London. quiet. Spot and futures, fiat l' d- Lead Dull. 4.4094.50c, N York: 4.2rfl 4.85c. East St. Louis. London, spot, tl2 74fpelter Easy. Spot. 5.35f 5.46c, New York- 8.20 to 5.25c East- St. 1-oula. Iron Cleveland warrants. 49 4.4d In Lon don. 'Locally, iron steady; No. 1 foundry. Northern. 1 5.25 9 1 8.25c : N o. 2. 1 4. . 5 fi 1 75c ; No. 1 Southern and No. 1 Southern soft, 15.25(1 15.75c. Dried Fruit at New Tork. NEW YORK. Jan. 2.-r-Evaporated PPles. Arm- spot fancy. 12 H 6 13c: choice, 114, 12Hc- prime. 10trl0.-. Prunes offeree: I Inore freely Quotations ranze from 6llc for Callfornias up to 80-40S and 106 11 He for Oregons from ApHcots. dull: choice. 13c; extra choice, 1313c: fancy. 13 14c. Peaches, quiet: choice 'iJ4 c; extra choice. 88c; fancy. 88c. Raisins, firm. Loose mmjstels Uo- -holce to fancy seeded. 04TrTc: secdicss. ag8c? London layers, J1.40 1.45. Missouri Egg Market Tumbles. ST LOUIS. Jan. 24. Eggs at wholesale In St. Louis havs dropped - cents during ths last week, and in now 10 cents lower Sales. High. Low. Bid. 2HH 4..V0- 04 63 H 3K 4'M 40 4'x 4H 4i0 41 H 40H 41 H SO0 10 H ss 200 f.4H 54 H MH DOO . r.8H 6H 6SH H(K) 22 H 22H 22H 200 18H IsH ls'' 10 H 4O0 41H 41 ' 40H 2.7O0 7H 77H 78 400 103 I'lS lor 100 40 40 4.1 ( ' 114 1,80 144H 14:tH 144 2iM) : 04 ?s WH "4 2M) '32 31 H 31 40 3'.t 3!S 38 H 11.700 105 H4's 04H 200 103 103 102H Bonds Investments Timber Lands i McGRATH & NEUHAUSEN CO. 701-2-3-4-5 Lewis Bide. Portland Oregon than at this time a year ago, and cents under the 190 price. Indications are that a still further drop will take place within the next few days, as receipts each day are heavier. Receipts yesterday were 2118 cases, and tor more than a week tha arrivals have totaled upwards of 1200 cases. Other Western markets report heavy receipts and lower prices. A relatively large decline has Xaken place In cold storage eggs. YARDS WELL FILLED GOOD RXrS OF LIVESTOCK AT NORTH PORTLAND. Active Demand for Good Quality Cattle and Sheep at Steady Prices. There wag another large run of stock at the yards yesterday. 2215 head being un loaded. Buying was on a fairly liberal scale. The bulk of tha steer sales were at SS.13. but one- load of better quality brought $6.25, while others moved at $5-75 and 86. A num ber of small lots of cows were disposed of at 84.50 to $5 and a single prims cow touched the top market at 85.60. Two loads of hogs were moved at $3 and $8.45 and a bunch of sheep at $4.75. In the horse market there waa a sals of four sad dle horses at $100 each. . Receipts yesterday were 383 cattls, 44 calves, 873 sheep, 844 hogs and 21 horses. Shippers of the stock were Adams Bros., who drlvs In 55 hogs; C. H. Vehrs A Son. Lebanon. 1 car of hogs; August C. Braun stedt, Woodlawn and Red Bluff, Cal., 4 cars of hogs; M. E. Babcock, Slsson, 2 cars of cattle; Albert Babcock, Sisxon, 2 cars of cattle; Andrew Babcock, Slsson, 2 cars of cattle; C D. Adama, Independence and Am ity, 8 cars of sheep and hogs; E. E. WU lard. Echo, 1 car of cattle and calves; J. D. Houston, Enterprise, 1 car of horses; Charles McCullough, Durkee, 2 cars of cat tle; Kiddle Bros., North Powder, 1 car of sheep; Brockman A Long. Steunenberg, Ida ho, 2 cars ot cattle; E. W. Blackwell, Wei ser. 2 cars of hogs; J. W. Johnson, Buhl, Idaho, 1 car of hogs; J. L. Stewart,. Pay ette, 2 cars of sheep, and J. Madison, Wei ser, 2 cars of cattle and calves. The day's salea were as follows: V - Weight. Price. 268 sheep 88 $4.75 4 cows 870 5.00 1 cow 1120 0.50 12 cows 017 4.50 27 steers -. 1129 6.15 25 steers 10K2 6.15 26 steers 1116 6.00 1 bull 1440 4.00 1 bull 1460 4.75 1 bull 1440 4.25 8 bulls - 1250 3.75 20 steers 1158 6.15 2 steers ,1121 U.15 50 hog 272 8.45 55 hogs 273 8.00 41 hogs 234 8.50 20 cows 802 4.05 i bulls 1450 3.50 8 bulls ,...1440 3.75 1 bull 1" 8.75 4 rows 852 5.00 21 steers 1251 5.75 22 steer 14S2 6.25 2 hogs 4O0 8.00 26 hog 202 8.50 4 saddle horses 100.00 Prices current on ths various classes of stock at the Portland Union Stockyards were ss follows: Cattle Prime steers $6.25 50 Good to choice steers 6.00 9 6.25 Fair to good steers 6.50 6.00 Common steers 4.00 9 5.00 Choice to prims cows 6.25 6.5o Good to choice beef cows 4.759 5.2S Fair to good beef cows 4.25 4.7A Common to fair beef cows 2.00 9 4.00 Good to choice heifers 5.75 9 6.00 Fair to good heifers 6.00 9 5.50 Common to fair heifers 4.00 4.25 Choice to good fat bulls 4.509 4.75 Fair to good fat bulls 4.009 4.23 Common bulls 2.50 9 3.25 Good to choice light calves.... 7.759 8.00 Fair to good light calves 7.00 9 7.50 Good to choice heavy calves.... 6.25 9 8.00 Fair to good heavy calves 4.759 6.25 Common calves 8.759 4.75 Good to choice stags 6.009 6.23 Fair to good stags 4.003 4.60 Hogs Choicerhogs 8.75 8.85 Good to choice hogs 8.500 8.73 Sheep Yearling wethers, grain fed.... 4.25 6.25 Old wethers, grain-fed 8.75 9 4.25 Good to choice ewes, grain-fed.. 3.259 4.25 Feeders 2.25 9 8.00 Choice lambs, grain-fed 6.25 6.50 Good to choice, grain fed 6.009 6.25 Fair to good 5.25 6.75 Poor lambs 4.5 0.00 Hay-fed sheep and lambs. 90c lower than grain-fad. Current prices In the horse market follow: Drafters, extra. 1500 to 1700 lbs., $165 850; drafters, fair to good, $1259 200; chunks, good. $1009150; chunks, medium, $50 to 100; drivers, good, $125 up; drivers, medium to good. $409110; plugs, $10940. Chicago Livestock Market, CHICAGO, Jan. 26. Cattle Receipts es timated at 4500; market, steady. Beeves, $4.7567; Texas steers, $4.1595.30; Western steers. $4.60 9 3.70; stockers and feeders, $3.7096.70; cows and heifers, $2.5096.00; calves. $7.250 8.25. Hogs Receipts estimated at 22.000: mar ket, slow to steady. Light. $7.607.85; mixed. $7.6097.85; heavy, $7.037.8O; rough $7 55 7.65; good to choice heavy, $7,659 7.80; pigs. $7.4098; bulk of sales, $7,659 7.80. Eheep Receipts estimated at 12.000; mar ket, strong. Natlvs. $2.5094.40; Western, $2.708 4.35; yearlings, $4.50 93.60: lambs, native. $4.2596.25: Western, $4.7596.25. Coffee and Sugar. NEW YORK, Jan. 28. Coffee futures closed barely steady at a net loss of from 16 to 30 points. Sales 48.000 bags. January. 10.Oc; "February. 10.8rtc; March. 11.02c: April. 11.03c; May. 11.08c: June. 11.05c; lulv IMWo: August. IQ.wnc: Sent cm her. Boost your own game a little, Mr. Property - Owner get your prop erty improved with the great value - increaser "Bitulithic Streets." LUMBERMENS National Bank CORNER FIFTH and STARK STREETS PORTLAND, OREGON Capital Merchants National Portland, Oregon United States Depository. Capital and Surplns $350,000.00 Accounts of Banks, Corporations, . Finns and Individuals Invited. We have every facility for the handling of Com mercial Accounts and extend to Depositors every accommodation consistent with J Sound and Progressive Banking. Portland Trust Co. of Oregon Capital, ' - $300,000 Surplus and Profits, 75,000 4 per cent interest paid on savings deposits, computed semi-annually. Accounts of individuals, firms and corpora tions invited. H. L. Pittock, President. F. W. Leadbetter, Vice-President. Emery Olmstead, Vice-President and Manager. h A. S. Nichols, Vice-President. B. Lee Paget, Secretary. j First National Bank Capital $1,500,000 Surplus 750,000 Oldest National Bank West o! tha Rocky Mountains Bank Notice Security Savings and Trust Compan Ccrbett Building, Fifth and Morrison Street! Capital and Surplus $950,003 Invites Accounts of Merchants, Individuals and Saving 10.84a: October, 10.71c: November, 10.64c, end December. 10.59c. ,,,,,.-. Spot coffee quiet; Rio No. 7, l,m13Jie, Santos No. 4. lane Mild coffee quiet; Cor dova. 13413c nominal. Sugar quiet. Muscovado sugar, 89 test, 2.Kt; centrifugal. B6 test. 3.42c: molasses, 89 test, 2.C7C Refined sugar quiet. (tw Tork Cotton Market. -NEW YORK. Jan. 26. Cotton Spot closed quiet. Mid-uplands, 14.90c; mid-gulf, 13.13c Sales. 1430 bales. Cotton futures closed steady at a net (tain of 1 to 4 points. January, 14.67c; February. 14 88c: March. 14.79c; April, 14.S8c: May and June. 14.97c; July. 14.90c; August, l.7o; October. 13.80c; December, 13.2oc. Chicago Produce Market. CHICAGO, Jan. 26. Butter Steady; creameries. 17 25c; dairies. l22c FiJai Firm; receipts. 4552 cases: at mark cases Included. 17l419Hc; firsts, 20U.C- Drime firsts, 21c. Cheese Steady: daisies, 15154c: twins, 13 bukc: Young Americas. l.,yfc f 16c. TRAVELERS' GUIDE. HONOLULU AND THE YOLCANO THK TRIP BIOrTr 'COMPELLING, and worth while, excelling all others for novelty ind pleasure. The Volcano of Kllauea. the largest In the world, is tremendously active now It Is possible to make this desirable trin'wlth SPEED and comfort and the price frPlow ' $1107 first-class. Sen Francisco Jo Honolulu and back, and $45.50 for side trip from Honolulu to volcano Including rail and auto to Kllauea: hotel at Hllo. a.so Volcano House. No other trip compares wilh this. Be sure to visit the Islands and Dp IT NOW while the volcano Is active. b. a. BlirRRA (10,000 tons displacement) sails Feb 4 Feb. 25. March IS- Write or wire OCKANIC 8. S. CO., 7S Market Street, San Ii-anclsco. San Francisca, Los An2l3 aai San Diego Direct forth pacirie 8. a Co.' 8. " mna H 8. Elder sail every Wedneedar Ift.rnaUlT at P. U. Ticket etfle. li Xairx mU. near Alder. uabtix 4, H1GLEX. Passenger Ageat, V. Ii. SLUbSlOt. Freight Agent. rboae M. Hie. A His- g AS FRANCISCO PORTLAND BS. CO. New service to Los Angeles via San Fran cisco every five days. From Alnsworth Dock. Portland. 4 P. M. S. 8. Beaver Jan. H7. Bear. Feb. 1. Rose City 6 From San Francisco. Northbound. 12 M. B.8. Bear Jan. 16. Rose City 81, Beaver Feb.S From Ban Pedro, Northbound, 10:30 A. M. B 8. Roee City Jan. 29, Beaver Feb. 8, Bear $ H. O. Bmltli, C. T. A., 142 Third St. J W. Ransom, Agent, Alnsworth Dock. Phones: Moia est. AML A 1402. $500,000 Bank LONDON PARIS llAMBCRG ri'KKS. LINCOLN ..F-ib. 18. 1 P. M. tAUKKJKA March 2, 10 A. M. U-nexcelled Rltz-Carlton a la Carte Restau rant, Gymnasium. Elec. Baths. Elevator. Palm Garden. 'Second Cabin only. 'Ham burg direct. tHamburi via Cherbourg. GIBRA LTAR, ALGIERS, NAPLES, GENOA Gvmnaslum. Elevator, etc - tH?' 8.' BA TA VI A'-V March 2. ArM 0 S. S. CINCINNATI.... JlMrcli - JNaples and Genoa only. W.lsl YS - .v t-R -Jew UH "TTZiS- -ai ss """ STT eccnAnd Up, Including BSsSCT--i;: all necessary expenses. Will tahe yssj iP AROUND the WORLD In Luxury and Comfort Visiting Lisbon. Bpain, Italy. Egypt. Irdla. Cevlon. Straits Settlements. Java, Philippines. China. Japan. Sandwich Islands and Overland American Tour. 110 DAS' lRATJON,TVVlB. Bv the Twin-Screw steamship CLE IB LAND 07.000 tons). Klrst cruls leaving New York November 1. ltl. Second cniise leaving ban Francisco t-'Ahrnnrv 17. 1912. Fend for Illustrated Booklets. HAMBl'RG-AMERICAN LINE, 160 Powell St.. San Francisco. CaJL, or local R. R. agents in Portland, or local R. R. Agents. COOS BAY LINE eTEAMEB BREAK.WATEB sails from Alaska dock. Portland. 8 P. M. Deo. 13. 20. 7. Jan. $. 10. 17, 24. 81. Feb. 7. 14. 21. 28 sad every Tuesday night thereafter during the Winter. Freight received at Alaska Doclc until 5 P. M. dally. Passenger fare llrst- . class, (10: second-class. $7. including meala and berth. Tickets on sale at Ainiwenia Dock, Phones slain 26$. A 1234; '