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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 2, 1911)
19 inn morxtxo okecoxiax. Saturday. December 2. .1011. VIII 1 El,1 IRARGO Coffee Roasters Appeal ta the Federal Government. AGAINST BRAZIL MONOPOLY Tlii.a Country Slay Act t'ntlcr Tariff Law of 18l Manipulation of Prlcr I Still Voder Way. Illglier Prloes Espected. At a meetln of coffee mailers In CM . wr.vh ae attended by all the larss coffee m.a of practically the entire Middle West, a memorandum or petition u sent to tha Secretary of tha Treaaury. Thla document called attention to tha fart trial In tha tariff lav of ISM thara wu a par asraph which permitted our Government to put aa tmbim oa t-oods from any coun try which In any way Increased tha prtca of an article throosh monopolistic methods. They particular! r called attention to tha fact that tha Stale of Bao Paula and tha GoT.ram.nt of Braatl had dons wis -rottmmm and wantad It In ylat.d. Without a doubt thla la wy wall In Ita way aad may aa a tendener to atop tha artificial manipulation of eorree in Dram, but tha tract manipulator of coffee ar Americans aad amonc these la aald to bo tha firm of ArbucSIe Bros., who are be i:oTd to bo working In conjunction with Crussman dt Sielcken althoush not openlr doles so. Beery tlma durtns tha laat II snos-.ha. mora or la. when thara haa bean a weakening In ooffeo prtcee. Arbuckte Broa. hara gone Into tha market and cleaned up everything that anybody would sell, making themeelres tha aula holder and naturally making tha prices to cult thmeles. which bar sever been lowar than tha prices had lean up 10 that lima but a:as htrber. T a last manipulation which they under took waa not In tha United Stairs but In Santo, whara some holders, thlnklnc that ctiffea waa accumulating, had offered It riahtly below tha market, and Arbuekie Rroa, Immediately cleaned up averylhlric they had to aell and then tha market went up. At present. Inrestlxa-.lor.a of thla aort arc ry nrh In order, and If there aver waa aa article that mlabt t looked mm aad thorotiahly Invmaited. cofUa certainly la tliat article. Ther U no OuM that lnt years crop waa snort and It eem very likely that tha preaent growing crop will alao ba ahort. but without artificial manipulation prlcea would ba quit a Utile lower and no ad vance like that which haa taken place would hava occurred. Tha article la now so well controlled that thara ta hardly any tl.'Ubt about price grng still higher. Tha roasters of th Pacific Coast and of tha country generally have not rt put their prices where they should hava been, based on 11. actual coal of coffee, but It la only a question of time until tha lower-priced stocks will hava been used up and then tha roaster must advance his prices much further and tha retailer win ba compelled to follow suit. In tha meantlma tha con sumer will continue to complain, with what s it.sfctlon ba may. of tha "high cost of .rf HOP-Ul TINO IS ON UKI.E SCALE rial Bolaaa tnirn Over looo Bale for ahlpment ta Kcig lajid. The export hop-buying movement, which started Wednesday, waa continued on Thanksgiving day . and yesterday. Tha heaviest buyer was Hal V. Bolara. mhoae purchase exceeded KHK bale. It waa re ported that ha waa buying, for A. C Law son. The moat Important purchase made by Mr. Bolam maa tha rianacaa A Cornell crop of S72 balea at Granta Pass, which racks aa one of the finest crops In tha state. Tha "price paid for them waa 43 cents, lie also bought the McMahoa lot oi TO tales and th Bolter lot of about 100 bales at Falem at t centa. Tha other purchases by Mr. Bolam war frofn dealcra. Tha fieavey Hop Company bought the Nichols lot of 204 bales at Oregon Clly at 4.1 cents. II. L. Hart paid tha same price for 60-bale crop. Kola Nela secured the llamlll lot of 120 balea at Albany at 43 centa Klaber. Wolf a Natter bought tha Stelnhoff crop or 31 bale at Sherwood at 43 centa The Wood worth lot of lu bales at Sherwood wa bought by C. L. Lltchard at 42 certs. The shortage that tha brewers of England are facing haa b,en forcibly called to their attention by tha English Hrewerr Journal, which In Its latest Issue asys: In a leading article last month It was foreahadowed that brewera should lose no ttma in considering their requirements In i he way of hops. That our hint wus more than Justified, the present state of the hop mark"! fully confirms. The brewer must have hops and we fear he will have to pay l he market price. At present we can no Indication of the rates easing: Indeed It ti.l been a case of rlsiug ratea all through, so fir as th homo crop la con r-rncrt. thotieh th Coctliientale hav be come somewhat easier, and now rank aa fairly squal In value to our home growth. If the next season should prove merely moderate, a senous situation must ensue; and. should th crop fall both In quality and quantity, there Is nothlna short cf a hop famine ahead. The one lrL't spot In this season's crop Is Its excellent quality, but ev-n this will in no way ctaooual tlie dangers of. a per cent shortage In sup- p.y. snd sine tli brewer must p. rfurr purchase hops, h should secur what he wants. Jt Is probable that the require ments of most brewers may be caused aa a yrar'a stock from now; It Is ImpruUable. however. :ht this will be genrraliy cured. And w f-ar th buyers who at th beginning of the iaioa held orf the market and thought It llke.y that they would get ail they wanted at sach-antl-auch a price, will nnd themaelv.a somewhat d iiappolntcd. As a matter of fact, the rondlttoaa whlrb. prevailed during th selling season of ltfiO hav rvadere.l It Irnoerattv for brwrs to rpirnla th.r stocks, and th hop trade haa been by no mcana so inactive a some would bav us be. lev. GRAIX MARKET OF HOI JO AT TONE. Price I achaagea aad freed y and Trading; hmalL Mora or leas of a holiday feeling pervaded the local grain market yesterday. tVednea d.ty'e wheat prlcea were repeated, but there waa little business passing. Oats aad barley war steady and un changed. Local receipts. In car, war reported by the Mercnanta Kxchang aa follows: Wheat Barley Flour Oat Hsy .Monoay ll.t Tu-iJir 42 Wrltieiday ... 47 Titus, and FrL J Kit ago 140 son to dat.:ttl ) ear ago . .51 1 i :s n -J 3 an 12 1 14 : 1.1 11 22 a is ;n ttt i-4i 2: luu2 &23 K-i VF.GETABLF.a AND I Rl IT IN DEMAND Retailer. Wllb Clocks law. Ar Cod Buy srs Threw Cars Banana Uaa Ther was a good demand for gren pro due yeeterdav. as reralier stocks had been depleted by the holiday buying. Among the receipts was a car of navels and a heavy shipment of ial:frnta arsp. Only thre ra'S of bananas wer du i.ist night. Head lettU'-e. swret potatoes and several . other line, of teg-tablcs wer clos.-ly cleaned up. A car of lettuce la due today and a car of ce.ery Wl.l o In Monday. Baa; Clearing. Hank cleartnga cf the Northwestern cttlea yesterday wera as follows: Clearing. Bafsncea, Portland -...- 107.:.t Ktt.e ..- :."1..U! 2U1 Tseom .. Spokao .11.1 1'1.74 Uv Poultry Firm. Tuer waa Inquiry for all kind of poal- try yesterday except turkeya. -Hens and Springs ware scare, and firm and geese wer also wanted. The demand for ducks was not heavy. Turkey prices wera en tirely nominal. Tne dreased meat market waa very ateady, wlih supplies light. Eggs, butter and efceees war quoted firm. PORTLAND MAKjLETS. Grain. Floor, Fred. Eta. WHirVT Kiport Vasls: niuestem, Jle: club. 77c; red Kuss.an. 75e; Valley. Tc; ,0FVorB-Patrts. JSO per barrel tramhta. ,4.05; exports. i.0; allay. O0. grsham 14 i; whole wheat t COKN Whole, $37; cracked. 4 per ton. VILLfTlKK Hran. $! per ton: mid dlings. 131: snorts, rolled bar.ay, to. (k.Ts No. l wnu. iji vr HAT No. 1 Eastern Or'Kon timothy. l 1SSU; No. 1 Valley. 151I1 a'.fulfa, 13 14; rimer. Illt12: grain, e $11 u li HARLiil trto, i Pr wa, u...... nominal Tecetable and Fruit a THOPICAL. FRUIT3 Oranges. va. Japanese. gl.BO r-r bundle: all fornla grapefruit. Itgi: Florida grapefruit. !: banauaa. iijSisC per pound; lemons. tSSOtj per box; pomegranates, fl.ta per box RK?II FRCITS Pears. 6ricl.M) per box; grapes. 70cUl.i per box: Almerla grspea tl(,0.it per barrel; cranberriea, :ll fc.r .-r.l. cavauss. ! .".' per crate. APPLKS Jonathans. $l.f.w2.2S per box; Fpltaenberg. II 2.50. Baldwin. JScttflM; Red Cheek pippin. 11.24 173: Nurthern Spy. l.!ai.7S: Winter Banana. -. Bel flower. $lil.2S. SACK VEcJFlTABI.ES Carrota P" ark: turnips. 1: beets. 1; parsnips, II. rOTATOEH Buying prlcea: Burbanks tocotl V per hundred; weet potatoea, i.2J per crate. ONIONS Buying price, tl.73 per sack VEaETABl.t.H Artichokes, TJc per dosen: beans. 109i:hc; cabbsa. 181 'a per pound: cauliflower. Il.m2 per crate; eel err. 73c per rloren; California. t per crate; cucumbers. 1 B0 per box: eggplant. 1 per opund: garlic. 10 alio per pound: let tuce. 76 u "Oc per doxen; peppers. iOloc per pound: pumpkins. Hlliti rsdl.hra, Um per doxen; aprouts. ii o per pound: squash, 101SC per pound; tomatoes, fl.7i per box. Staple Crocwrt.' ALUOK Columbia Rlr. 1-pound taJls, I2.2J per dosen: S-pound tails. x.l; 1 pound flata. 2.40: Alaaka ptok. 1-pound tails. II 3'. COFFKE Roasted, la drum. 240e per pound . HON Et-Choice. IS.7S per caa; tralned horev. lc per pound. SALT Granulated, fll per ton; half ground. Us. IH JO per ton; SO. I per ton. Nl'Trt Walnuts. lvim,e per round; Braxil nuts. Hjlte: fllberta, 14lic; al monds. UoMDc: pecans. lc: cocoanuts. 90 til per lnn: chestnuts. 12'vc per pound; hlckorv t.uts. aT10c per pound. BEANS Small white. 4V,e: larg white. 4'c; Lima. 7Wc; pink. Sc; jlexicans. Sic; oayou. ac. Illi. E No. 1 Japan. 4iC: cheaper grades, Stoo4.5oc; Southern head. Im- . J ...... 1 11 .. I.nn..rt T iTI NtL 1. "TSc , M SI OAK Refinery prices: Dry granulated, f-L'.it. irult ard l-erry. 4tt;o, beet. Il extra C sl 10. powdered. barre.a, cut", harre'a. DKIF1D FltriTf Apples. 14o per pound: apricots. ItJJUc; peaches, 12414c: prunes Italian. loHt,lr)c; silver. IRe; flx. white and black. esilIHc; currants. 10 J 11. ...in. inni, fiii,.atti. GafTHc: bleached Thompson. HSc: unbleached bul tanaa. Vsc; seeded. Ivic Dairy aad Caoatry PTodor. BUTTER Oregon creamery butter. olld pack, fdc-: prints, extra; butter fat, lo lea than solid pack prices. IWLTHV Heniu He: Sorlnrs. lSflStic: decks, vounc. l:c; geese. inrl4c; turkes, alive. 20c; dressed, choice. 22e. EGOS Fresh Oregon ranch, candled. 41 V aOe per dosen. CHEESE-Fresh Tillamook, flat. 1V ITc: Toung Americas. UtllSc POItlt Fancy. euc per pound. VEAL Fancy. l.'i13o per pound. Provlsloas. HAMS 10 to 12 pounds, 16$lTc: 15 to 14 pounds, 16wl7c: 14 to 1 pounds. lfli 17c; 1 to IS pounds. 16 17c; skinned, 17c; plcnl.-s. HSc: cottsge roll, lSHc. Lilin Kettle rendered. tierces. 13c; tubs. 13'r: standard, tierce. lltte: tub. 11 Vc; shortening, tierces, c; tuba 8c BACON Fancy. 2c: standard, 22c; choice. 2"c; English. 19 17c. UKT SALT CURED Regular short clears, dry salt. llc; smoked, lSc; short clear backs. 12 lo 1 lb., dry salt. 12c; smoked. IBVic: short clear backs. Id to 20 lbs., dry salt, lmr: smoked. 13c; Oregon exports, dry salt. 13 He: smoked. 15c Hop. Wool and Ride. HOPS 1111 crop. 4t4Se; olds, nominal. MOHAIR Choice. j&37c; per pound. WOOL Eastern Oregon. SuMOc per pound, according to shrinkage; Valley, 13d 17c per pound. PELTS Dry. lie; lamb, salted, 630 SOc; hnrt-wool pelts. 3.16 75c. HIDES Salted hides. lOSOIIc per pound; salted calf. 16 17c; salted kip. 11c; green hides. 9t9≤ dry calf. 2tc; dry hides, l&c; salted stags, ac; green stage, Vs it 7c. CASCARA Per pound. (HCc IJeeeed Oil and Turpentine. LINSEED OIL Pur raw. In barrels. TSC; boiled. In barrela, 77c; raw. In cases, hoc; boiled. In cases. 82c TURPENTINE Case. 70c; wood barrels. TVic. FLAXSEED OIL MEAL Per ton. ,44. New York Cotton Market. NEW YORK. Dec 1. Cotton Spot closed quiet 3 points lower. Middling uplands. Zic; middling Gulf, t.&Oc, Sales, Is.guO bales. Cotton futures closed barely ateady I to It points lower than Wsdnesdny. L'ecemher. B.!sc; January. t.C7c; February. S.72 c; March. (.74c; April. 1.77c; Msy. ( lie; June. I c; July, S.Ssc; August, ( sic; September, 8-7c; October. .04c; Novsmber, (.Cc Naval fetorew. SAVANNAH. Dec. 1. Turpentine firm. St; aulea. 677; receipts, 11V0; ship ments, 21oo; stocks. 3rl.tMl. Koln firm: sales o0(: receipt. 830O; shipments 6.H10: slocks, lol ouo. tuote- B, (0. 1, (i.13: f?. H2'l'J.; F, O, I6.25B u27Sl 11. I'l (ftt.:u. I. 14.30; K, tl .j Hot); M. (i. N. $il.S3; WO, 7.i0; WW, (7. S3. Londoa Wool Bale. LONDON. Not. 10. At th wool auction sales yesterday trading waa active and prices were firm. Medium Inferior merinos and coax cross-breds were ( per cent dearer. America taking a few of the latter. Scoured gradca of Victorians realised 23 fee Do! nlh Flax Market. DfLFTH. Mlr.n.. Dec. 1. Flax, on track. (1.v4: In store and to arrive, (l.PI; Decem ber. I1.V4 bid; May, 1.19 asked; January, l.W bid. Vt'eol at St. Irals. FT. l.OUIrt. Ie. 1. Woo! Stea-'y. Ter ritory and Western mediums, llauc; One msdiums, Jdlslbc; tine, llwlic Hop at Near York. NXW YORK. Dec, L Hops Finn. VETERAN DENTIST IS DEAD Dr. J. A. Smith, 6 6, Dies From Apo plexy at Home ar White Salmou. WHITE SALMON", Wih, Dec 1. (Special.) Ir. J. A. Smith, owner cf a ten-acre bearing orchard up tha valley, died of apoplexy thla morning-. r. rimlth waa horn In Ohio in 1(45. lie became a dentist aad practiced In r-lqua, Ohio, and Chicago. lie served throuerbout the Civil War. was an offi cer of an acadamy In OJilo and later went to Merlden. Conn., where he had charter, of the boye' tralnlnjr depart ment in a reformatory for 21 year. Later be waa called to Red VVInfr, Minn., where he had chars of a atni llar department, Pr. Smith purchased an orchard three miles from White balmon two year aito. He is survived by hi widow and a brother. 11 waa a Knlht Templar. YVashongal Man Accused. VANCOUVER. 'Wash, Dec 1. (Spe cial.) For selling; liquor without a li cense In dry territory, Peter Olson, of Washoua-al, was arrested and brought to Vancouver today. He will have a preliminary hearing; December . being; released on Z50 cash bond. A quantity of whisky and half a barrel of beer wera found In Olson's pool hall. GALL r.lONEY STRONG High Loan Rate Brings Out Interior Lenders. STOCK PRICES ARE WEAKER Xenr Approach of Assembling- of Congress Also a Bearish Influ ences In Wall Street North ern Pacific Very Weak. .VFtV YORK, Pee. 1. Politics and money rates were th foremost considerations today in Wall street. Politics was brouent to tha fore, principally because Congress Is to as-, semble neat week. Call money waa still held at (Igures mucin above th level which haa prevailed tor several months, until th last few daya, Loans wer placed aa high as per ent. the maximum reaobed on vveanes- ttay. These Influence were bearish and spectl latlve aantlment corresponded. Prlcei aarred. althouch losses wer not heavy. For the first time In almost a year, out-of-town banks wera eateuslvo lenders of money In this market. Interior banks ar stronger than local Institutions, wnos re sources ara threatened with further deple tion this week by reason of the continued AnifTn. fn f'anaila and the PClfl0 CoaaL Northern Pacino wa th conspicuously weak lesu of th list, at on tlma ruling twn nnlnta helow tha nravloua elnse. Honda were Irregular, with soma of th local traction Issues sgaln snowing pro nounced strennth. Total sales, par value, 4.r:M.uOO. Inlted States 4s registered de clined H on calL CLOSING STOCK QUOTATIONS. Closing Balea. High. Low. Bid. Ants Chsl pf JH Amal Copper .. B.00 62 1 H Am Agrlcult J Am H-et fngar. 1.4t eH 62 JfH American Can z.l' l.-t n J1 Am Car a Fdy. 4- f.3S 63 Am Cotton Oil.. l"t 44 44 S 44 Am Hd & M pf ' Ara lc becurl JJ" Am Linseed ? Am l.ocumotive. 4'I0 3 Am Haul el Itef l.l: Tit "1 do preferred 1 Am Pieel Fdy Am Sugar Kef., ' ll'a HH ll' . Am Te at Tel.. S.l' 13"-i. 131-sj 18V Am Tobacco pf 1.4UO 1U0 . Am Woolen U'1" Anaconda 11 Co. 2.M0 US", 8S SJ4 Al-hlon .Vn ll H'i. do preferred.. l'" H'HS l""s !";- Atl Coast Line.. " lil"'s IS-" i:i'a lelt r I'hjo ... ""' l'ii't If- loa V Hethl.hem Steel l.iejo T'S '"H '' brook K Tran.. IftIv Cansdlan 1'ao .. 8.1 00 !41 " 2i 24"' Central leather lut) 21 214 jll 4 do preferred Centrsl of N J e;IJ Che A Ohio ... 000 74H 74 .4 Chicago Alton Chi Ot West .. l'X SO 2 0 do preferred.. l''" 3' S :' Chicago N W 'H 14H 14 U2i C, 11 4 M Paul. B.&uO 110H lul f, f, O SI L Jt Col Fuel at Iron 27 Co! A southern 41 Coin..' Uas 1.10" 130 13SH 13'i Corn Products.. 4") 11 II H Pel A Hudson.. i'DO 117 167 116 D A R C.rnnde 22 S do preferred 41 Tttstlllar Secur 8 1 V Erie 80 81 81 H 81 do 1st pf 10O (II, 62 x S2V4 do -d pf 4 Gen Klectrlo lf2'4 ;t North pf .. l."0 12v 125H 12H54 Ot North C're .. :i"0 411 42 42 Illinois Central. 4. n 142H 142V 142t Interbor Met .. " l"ls 1-IVs l''U do preferred. M 47 47 47 Inter llarvestor. T'JO 108 1044 104 4 Inter M.irine pf Oi-O ISSs ! J7 Int P.iPT Int Pump 2l Iowa rente,) ... 100 1H 15 Id K C Knuthern.. 1UO 2l 2! 2S do preferred 67 I.scleB lias ... ID'l l'"2 102 H'2H I.ouls A Nash .. 1.7U0 1S4X l.';5 Minn A Si L "" M. S P A S P M 1K J34V4 1H44 134 ilo. Kan A Tel. !. 3 " . :S Sn do prer rted.. 1"0 r, 4 til!1, ml Mo Pncillc 1.5'JO 8 SSa BSS Nat Hncult 10O 14i) 140 181H4 National Lead .. 1U0 60 &0 411 N" Ky Mel 2 pf N" Y Central ... f"0 10r,H 107, lo.'.V N' 1". Out A Wes 1"0 40 40 39 "4 NoVfolk A West 0 luSX 10S 4 Wi North Am l' "11 73 73 H Northern Pac .. .'!" 117 'a 115 Hot Pacific .Mall ... 2'H 81 S 1 8J14 P.nnsylvar.la ... 1.W0 122 121 12J: People's das H5 P. C C A .t L. lfO DBTs Wis 6.-.'a, I'ltiaburg Coal.. I'Wt lSVa IS 18 Press. d S Car.. 2ot 83 3.IH Pull Pal Car 1SSj p.v Kte.-l fcprlng. 1"o 82 82 31 4 Heading 61." 14 14S Republic Rteel 2l0 23 S3 22 do preferred r.2H Rock Island Co. floO 2 lr, 2r, do pre;,-rred.. 4o 40 49 49V, Pt L S F 2 pf 2V0 41 41 41 t L Southwest 31 do preferred.. 70 SU.ss bhelTleld 444 Southern Pso .. 1.7n0 111 HOT, 11 1 14 Southern Iiy ... 1K 2' 2fv .211', d.v preferred.. l.OoO 71 70;, 7H". Tenn Copper .. &0t 87 37 3lla Texas I'aclflc 24 V Tol. St L A Wes 100 1S 18H 17H do preferred.. 8"0 424 41T, 4H Union Parirlu .. 35. UK) 1784, 172 172 do preferred. 4- TJ 8 llealty 67 H f R Hubber ... l.Ooo 4l 45 4r.4 U 8 Steel 49.7M M 62Vs 2 do preferred.. 80O 1 100 11S1 I'tah Copper .. 4.i"0 f 4 00 Va-Caro Chm . .'.'" Ml 1.2 . .'.2 4 Wabash' IhK 10 Via do preferred.. 2.000 20H 20 201, Western Md 1 Westing Kl.e 4 M Western Ininn. 100 771 77 77W Wheel A 1. -F. S4 L.Msh Valley .. 8.400 176 17H 17Gii Total sales for tha day, 2H9.100 shares. BONDS. NEW YORK. Pee. 1. Closing quotations: V S ref 2s reg.l00;f T C gn 3Vs. ?B do coupon ...l'"1(N'o Pacific 3s... 6:S U r! 3s reg KliS'o Paclflo 4s. (yB do coupon . . .101 V I'nlon Pacific 4a loll, V 8 new 4s reg.lHi'Silwls Central 4s.. !3 do coupon . . .li:iJapanese 4a .. 87B D A 11 li es ! Stock at Boston. BOSTON, Dec. 1. Closing quotations AllO'teg An-.alg Copper. A Z I. fc Sm, . . Arisona Om . . P A C C A 8 M. Pulte Coalition. 33!.Moliwk 44 II '4 8 22 C 44 l'J 11 C4 l "? 25 47 t, 15 M 8 87 l2'i, Nevada Con .... 2. 'Nil.l5.nng Mines. SO North llutte d North Iike Mti Old Dominion... r.5 onceola cai A Arison Cal A Hecia. ...o5 Karrott (SAC). Centennial ll'ijuincy Cop rlnn Con Co fl 'v shannon K Butte Cop M. 1 1 S .iperlur Kranklln 8 ""P A Vnt Mln.. Glroux Coo 4W:lamarack -..ant.w Con ...4 iU8HKet... Ureene Cannnea. 8 do preferred... I KoynMe (Cop) 11 Ctah Con Kerr Lake. 2 '"th Copper Co. lake ropp-r.... 3.1 W'nona I.a l-allo copper 4 Wolvcrin Miami Copj-er.. . 221 Money, Kxrbange. Ftc 1 NEW YORK. Dec 1. Money on call Arm, i P'r cent: ruling rate. 6; closing bio. 4. offered at 6. .... Time loans strong; 0 day and 80 day. $ti.i4- six months. 3C4 per cent. prim merc.intll PP". 4&4 per cent. ilerllng excharge slnady. with actual buslntna in bankers' bills it $4.8;i2S for 60 days, and at 4i20 for demand. Commercial b.ls. $4.S2H. Par silver. 50c. Mexican dollars. 4c Oovernmcal bonds ejy; railroad bonds Ir regu.ar. LONDON, Dec. 1. Bar silver, 28 -id per ounce. Money. 2S per cent. The rat of discount In th open mrkt for short bill is 8 per cent; do. for three months' bills. 8 percent FAN FRANCISCO, Dec. 1. Sterling on London. CO days. $4.SS; do. sight. $4.86V4. Drafts, sight, par: telegraph, 2$4c Metal Markets. NEW YORK. Dec. I. Standard copper quiet Spot. December and January. 11.57 U1107HC; February. 12.50 9 11.10c; Marcn. 1J iirt U.tOc I-ondon steady; spot. Is Bd: futures. 159 ls Jd. Customa-hons re turns show exports of 6 431 tons for the month of November. Lake copper, 11 V,c: electrolytic, 13lc; casting, 12-t15"-c Tin firm but quiet. Spot. 45.75r4.75c; December. 45Mc: January. 44.75 0 45.75c; Februarv. 4.1.60 It 44. SHc ; December. 43.60' 44c; London easy: spot ?04; futures. 193. Lead easy, 4.46 94.50a New Tork; 4.17 el is Fast fit. T.oula. London. 15 15a Sales, too. 00 pounds spot Kast St. Louis at 4.30a and SO. 000 pound East St. Louis lecember at 4 85c Spelter nominal. .70l.Oo New Torn g iuh i inn Fast eit. Loula. London 37. Iron Cleveland warrants, 4ss tkd In Lon don. Locally Iron was steady. No. 1 toun dry Northern. I1631S.26: No. 1. I14S1&; No. 1 Southern and No. 1 souinern sun, mv 15.10. Coffee aad 8osax. NEW TORS. Dee. l.-r;offe future dosed firm 1 to 7 point higher. Sales, 43.- 760 bags. Iecember. n.c; January. ll.o; February. U.8c; March, lS.64c; April, 13.58c; May. 13.S2c: June. 13.Slc; July, August and September, 11.60c; Octo ber and November. 13.4 8c Spot coffee steady. Rio No. T, 15o; Santo No. 4. 16,0. Mild cone quiet. v.uiuoi-, l18o nominal. Sugar Raw weak. Muscovado, tt teat. 4.44c; centrirugal. s tact, .c; uuiwh 8 test, 4.1c; refined oulst. Import and Export. NEW YORK. Dec 1. Imports of mer chandise end dry good at the port of New York for the weekending November 25 wer valued at H6.844.0oS. ' Import of apeel at the port of New Vn.b fn, ih wealr en rl In r today were $46.- 0,3 silver and I4S1.62( gold. Exporta of specie for the week were (940,000 silver and 1150.000 gold. WHEAT SWINGS UPWARD MAY OPTIOX GAIN'S HAIxF A CENT AT CHICAGO. World's Crop Is Estimated at 104, 000,000 Bushels Iss Than Last Tear. CHICAOO, Dee. L With th world's wheat crop estimate at 104.000.000 bushels less than laat year, th market for wheat today took a decided upward twist.- Prices at the close ahowed a slight advance all around. Corn made a rise of 140 to -1 ana ... , . . Bv,rt to t. trT Ik o ealn. The end of the day left hog products at 50 to 10312 decline. In wheat. May ranged from 99T4o to Ilc closing steady K up at v,w May corn fluctuated from 84 e to 64 He. with the close at 44 He a net gain of Cash grades wer firm. No. I yellow wa quoted at 72Q73c Oats closed 49 S 44o. a gain of a shade over 48 hours before. Provision aaxKcd. owing to prediction that there would b a heavy run of hogs next week. As a result, prices were cut all around pork lc, lard 6 to-7c-and rib 7Vc: to I01fi:4c . Th leading futures ranged aa follows: WHEAT. Open. High. Low. Close. Dec t .3H I 4 I 3 $ ' M.iv !'s .n4 .US July.. .4 .KM .S -4 CORN". Dee J4 .4 . llav 44 1, .4Si .4 .44 , July 4 .64 .44 .44 OATS. Dec 4T .47S -47 .47 lay 4t4 .4V .4V4 .49 July 4V; .464. .46 . MESS PORK. Jan. 1417U 1 17Vs 18 00 16 05 May 14.40 14.60 14.47 Vi 16.60 LARD. Jan .IS .2S tJ2 !! May t.32 8.45 .4a SHORT RIBS. Tan H4TU I 47 U 115 8.35 May 172 1.77 8.65 8.67 Cash quotations wer a follows: Flour- Easy, hvi No. 1. tic Barley Feed or mixing. 7S98o; fair to chole malting, jl.iz'a i.zu. Timothy seed 1S B 15.25. Clover $11.600 20.25. pork Mess, per barrel. $15.75 318. Lard Per 100 pounds. I9.02V4. Short rlbs--sldes (loose), $8.12. Orsln statistics: . Total clearances of wheat and flour were equal to 625. 009 bushels, kxporte for tne week, as shown by Bradstreet's. were equal to 4.83.1.000 bushels. Primary receipts were 1.512.000 bushels, compared with 507,000 bushels the corresponding day a year apo. Ksttmated recelpta for tomorrow Wheat, 24 cara; corn. 42, cars; oats, 1Z7 cars; hogs, 21.000 head. Grain at San Francisco. SAN FRANCISCO. Dec 1. Wheat Steady. barley Steady. Srt quotations: Wheat Shipping. 11.48 01.82 per cen. tal. Ttarlev Feed. 81.00 ner cental: hrewlnr. 82.O0 per cental. Oats Red, J1.75S1.PO per cental: white, il. 7531. S3; black. J 1.55 3 1.80 per cental. I ail ooara aaies: Wheat No trading. j n I i ' J .'Lt .ii.... i, e-v fci . . . u , uiu, $1.7. asked; May. I1.S9 per cental. Raropesa Grain Markets. LIVERPOOL, Dec. 1. Wheat December. 7s HHd; March, 7s 2d; May, 7 l4d. Wellier, cloudy. English country markets, quiet; French country market, steady. Pugrt Sound Grain Markets. SEATTLE. Dec. 1. Wheat Bluestem. 83o: fortyfold, 70 c; club, 73c; life, 70c; red Russian, 78c TACOMA. Dec 1. Wheat Bluestem. 2 683c: fortyfold, bOfflMc; club, 7&&t0c; rod Russian, 7Sc. Car receipts Wheat, 77; barley, 4; corn. 1; oat, 6; hay, 10. Minneapolis Whmt Market. MINNEAPOLIS. Dec. 1. Wheat December. Il.Om: May. ll.OI a 1.06 : July. $1.07 H. Cash No. 1 hard, $1.03 : No. 1 Northern. $1.02 1.024, ; No. 2 Northern. $1,004,: No. s wheat, I'jtfUTjc BAN FRANCISCO FRODTJCB MARKET rrice quoted at the Bay City for Tecs tables. Fruits. Etc. SAN FRANCISCO. Dec 1. The follow ing produce prices were current her today: Vegetables Cucumbers. $11.23; garlic. 8V3c; green peas, Sttsc; string beans, 5 be: tomatoes. 65cfe$l-26: eggplant, style Butter rarer creamery, o ic Kggi Store, 42c; fancy ranch. 43 c onions i-i-a.iv. Cheese Young America. 15S17c Fruit Apples, choice, $1.25; common, $1; Mexican limes, $3.75 V 4.50; California lem ons, choice, $5; common. $1.25; navel oranges. $2.50ftJ; pineapples, $2i3. Pntatoes Oregon Burbanks, (1.6001.75; Salinas Bnrbanfcs. $l.o'o 1. !.".: river Bur banks, fl.19tfl.S5; sweets. $1.60 i 1.75. iilllstuffs Bran. $K(i27; middlings, $32 42 35. Hay Wheat. $13120: wheat and oats, (12(1 17: altalfa. $S.5oa 13.50. Receipts Flour, 4146 quarter sacks; wheat, 4sG5 centals; barley. IM.S.IO centals; oats. $210 centals: potatoes. 10. CSS sacks; bran, 15 sacks: middlings. 820 sacks; hay, 831 tons. Boston Wool Market. BOSTON. Dec 1. A fair amount of wool has been delivered in the Boston market during the last week, demand being es pecially keen for quarter-blood grades. "When the bitTi lithic pavement just finished is consid ered aa the grand finale of an era of paving that has cost a quarter of a mill ion and that has placed Ashland in the front rank of progressive cities, it becomes an item of note," says the Ash land Record. iW BUYING AHEAD Dealers Disposed to Anticpate Future Wants. CONFIDENCE IS GROWING November the Best Trade Month of the Tear Business in Iron and Steel Is Heavy Kallroada Order Equipment. NEW YORK. Dec 1, R- Q- Dun Co. weekly review of trad tomorrow will say: Not only has the recently Increased activ ity in the leading Industries and trades been maintained, but ther 1 a distinct Improve ment la business confidence, both east and west. There ar signs of some disposition to an ticipate th future, instead of confining pur chase to immediat neceltle. Taking verythlng Into consideration, November ha been the beat month of th year. Th copper market continues strong. November business In Iron and steal ran high and Includes nearly 80.000 cars and about 210 locomotives. Other equipment was also freely taken and rail sale were much greater than in th preceding month. fUructural material was in brisk demand. Construction of bridges and building called for approximately 115.000 tons. Jobbera still buy dry goods cautiously, but merchants generally look for increased pur chasing within the next two weeks. In woolens and worsteds, duplicating on Spring goods continues and several large mills are assured of ateady work through the Winter months. HOLIDAY TRADE OS THE INCREASE. W lute- Weather Helps Business la Many Lines at KelalL NEW YORK. Dec. , 1. Bradstreet's to morrow will say: Weather and holiday influence hav dom inated distributive aentlment this week. Winter weather helped seasonable trade In Winter goods at retail; and also measurably Increased demands upon Jobbers for im mediate shipment. A few markets note an increased number of orders received for Spring and recent revisions ot cotton goods prices are expected to evoke more business In thla line. There Is noticeable a slightly more cheer ful tone in report from leading Western centers, hitherto reporting llht trade. Holi day prospects are classed as fair to good. Among the Industries there 1 evident a rather fuller volume of production than for some time Prominent in this line ar Iron and steel. Business failures in the United State for the week ending November 30 were 218. gainst 2!3 last week, 217 in the like week of 1910, 30 In 1009, 234 In 1908, and 272 In 1907. Business failures In Canada for the week number 26. which compares with 34 last week and 32 in the corresponding week of last year. Wheat, flour included, exporta from th United States and Canada for the week end ing November 30, are the largest reported In two years, aggregating; 14,855.316 bushels, against 4.002.044 laat week and 3.598,193 this week last year. Corn exports for the week were 144,856 bushels, against 188,803 laat week and 280. 363 in 1910. Bradstreet'a Bank Clearlnga, NEW YORK. Deo. 1. Bradstreet's bank clearings report for the week ending No vember 30 show an aggregate of $2,613,865. 000 as against 13,213, 304.000 last week and t3.lS9.222, 000 in the corresponding week last year. 7 O tGGeTCca.SO New York l..'.40.3'(l8,b00 1H.1 Chicago 218.774,000 23.2 Boston 1117.706,000 12.8 I'hlladelphla 1114.714.Oil0 20.3 St. Irfiuia 62,78ri.000 20.2 Kansas City 42.10S.000 20.9 rittsburgh 39,878.000 24.4 San Francisco 41,.0(0 15.1 Baltimore 31.10o.000 .T Cincinnati 19.744. DUO 25.2 Minneapolis 21.007,000 17.4 Cleveland 1S.117.0O0 27.6 New Orleans 10.805.000 25.4 Detroit 15,202.000 21.7 Omuha 11.038,000 27.1 Los Angeles 17,011,000 7.5 Louisville 9.482,000 33.8 Milwaukee 10.3oti.000 25.3 l'ortlnml. Or 0,201,000 9.8 Seattle 8,.190.UO0 24.8 St. Paul 10.212.000 29.9 Atlnnta 12.00.0n0 13.4 Buffalo 7.91)1.000 211.7 Denver 7,!i4.1.0ii(l 22.7 Indianapolis 6,738.000 21.2 I'rovidenre 0.570.O00 32.8 liichmond 6.4IM.000 9.7 Washington. D. C 6.136.0O0 23.8 St. Joseph 0.6.".."i,000 9.9 Fort Worth 0.754. UU0 31.0 Memphis T.607.0OO 85.0 Salt Lake City 6.545.000 82.4 Columbus 4.718,001) 26.8 Albany 4.791,000 23.2 Tacoma 3.407,000 18.9 Savannah .6.708,000 42.0 Spokane. Wash 3,416,000 H. 9 Sacramento, Cal 1,603,000 4.S Helena 760.000 42.8 Houston 8n,R:i.O00 7 Galveston 11.348,000 42.8 Increase. Chicago Produce Market, CHICAGO, Dec. 1. Butter Firm; cream eries. 2t30c: dairies, 24(B30c. fclggs Firm; receipts, 1666 cases; at mark, cases Included. 2223c; firsts, &0c; prime firsts. 25 4,27c. Cheese bteady; dnletes. 15ftl5?c; twins, llljj'lltc; Young Americas, 15!lSHc; iong horns, lDloc Dried Fruit at Neur Tork. NEW YORK, Dec 1. Evaporated Apples steady; spot, fancy, 10c; choice, 8fci6i9c; prime. Rustic Prunes steadv, quotations ranging from S'ic to llo for California up to 40-&0s and 10 4 4? 12c for Oretfons. T..u..hen atendv: choice. H1'nxllHo: extra ah,,!,. iinmn: fancy. i;t 9 12;c. THE BAEBEB ASPHALT PAVING COMPANY Constructs Asphslt and other Bitu minous Pavement. OOS-60S Bleetrls bidg., Portland. Or. Oekar Unbar, Manager. TBATELERS' CPIPK. vvUUt.a kl 1 IMh tt 4 KUH San Francisco and Los Angeles WITHOUT CHANGE, a nve hnil A V M. December 8. SAN'rKAN IS I'ORTl.AM) 8. 8. CO, Ticket wmee, i iu'"i ou Phones Main 402 and A 1408 COOS BAY AND ECHEKA STEAMER. ALLIANCE SAILS MONDAY, DEC. 4, I. Bf. NORTH PACIFIC S. S. CO. 132 Third at. Willamette River Route Boats for Oregon City and Balem. Dallr :4.ri A. M. (except Sunday). Fur, Corvallis. Albany and Independence, 6.45 A. M. Tuesday. Thursday and Saturday. Olncc and florK, xooi jayiur su . OBEOON CITY TUANi CO. l-hono Main 40. NEW ZEALAND AND AUSTRALIA (I'nlon Line of N. I. VIA TAHITI ANO WELLINGTON', nirert throuiih steamers, sailing from San Francisco Dec. H and every 2S daya Well ington and back. .1st class, J264. Other rates !o low. The line to Isles of the 8011th Seas. For reservations see Coupon Railroad Agents, or address Oceanic 0. o. t du xnucuue. THE UNITED STATES NATIONAL BANK PORTLAND. OREGON UNITED STATES DEPOSITORY Capital - - - $1,000,000.00 Surplus and Profits $900,000.00 OFFICERS: t, C AIJfSWORTn. Preatdeiifc R- W. SCHMEER, Cashier. R. LEI BARNES, Vice-President. A. M. WRIGHT, Assistant Cashier. W. A. HOLT, Assistant Cashier. LETTERS OF CREDIT AND TRAVELERS' CHECKS ISSUED NEGOTIABLE EVERYWHERE DRAFTS DRAWN on all FOREIGN COUNTRIES lumbermens National Bank CAPITAL $1,000,000 4 per cent on savin gs LADD & TILTON Established If 59. Capital Stock. . ; .$1,000,000.05 Surplus and Undivided Profits 800,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, avail able in all parts of the world. Corner Washington First National Bank Capital Surplus Oldest National Rocky The Canadian Bank of Commerce INCORPOKATEn 1S67. Bead Office Toronto, Canada. New York 16 Exchange FUes, London 2 Lombard Street. Over two hundred other branches In the United States and Canada. Every car! taken of collections, drafts on all 'eign countries and prln cipal cities In United Statea and Canada bought and sold, and a genera banking business transacted. Interest allowed on Time and Special Deposits. PORTLAND BRANCH, SECOND AND STARK STREETS F. C. MALPAS, Manager. WM. WHITFIELD & CO. ACCOUNTANTS, AUDITORS AND SYSTEM ATIZERS, Announce Present Location 218-19-20-21-27 Commercial Club Building, Portland 300 Colman Building, Seattle, Wash. Also Represented at San Francises, an d Los Anseles. tfrkJIDrDC (American Association of Public Accountants, lYl&iYlDlliiViJ -j Oregon State Society of Pnbllo Accountants. ji- White Star Line ' m iKnirTii--inEnnnnRn sni'TH Ml'TdV VEW YORK PLYJIOCTIICIIEKBUUKU suiinAJirrii.i 1 ' . . -. . j 'nil i. .Ti"rrv i.-n-'T' FAST MAiij KUU Jli 1VJ I.HjLiAiJJ uuu int. w.iiiia i. The Largest and Finest Steamer In the World Superb I nnnrpflMPd IvfinlnniMlt "OLYMPIC" 3S. rREvCR a. li CARTE RESTAURANT, TURKISH AND ELECTRIC BATHS, HlLl SWIMiilNG POOL) FOUR ELEVATORS. GYM.V ASIUI, VERANDAH CAFE, PALM COURT, Eli'C. M ILL S.AIL FROM NEW YORK Saturday, December 30 and January 24 and Regularly Thereafter. --isttt CT'AO T T M p" 619 Second A vrnne, Seattle, or Local VVrillti J 1 Al 1 1I Knllnar and Steainahlp Acenta. San Frandsco Los Angeles and San Diego Direct S. S. Eoanoke and S. S. Elder SaU Every Wednesday Alternately at 6 P. M. NORTH PACIFIC S. S. CO, 138 Third St.. Phonea Main 1314. A 131A. COOS BAY LINE tTKAMEE BREAKWATER. Sails from Ainsworth Dock. Portland. 3 P M everv Tuesday. Freight received at Alnsworth Dock daily ud to 5 P. M. Pas senger fare, nrst-class, $10; second-class. 7. including meals and berth. Ticket office Alnsworth Dock. Phones Mala 269, Main 170, A 123. Corner FlftS and Stark BANK and Third Streets. $1,500,003 750,000 Bank West of tha Mountains 1, . Ask about American "Olympic" Atlantic Transport ' Largest Red Star inest WIuTe Star 8jJatmhear White Star-Boimnion World. I T. H. LARKE, I 610 Second Ave.. Seattle, With. I Apply Local Kaltway Agent. k