Morning Oregonian. (Portland, Or.) 1861-1937, December 19, 1912, Image 21

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Morning Oregonian., December 19, 1912, Page 21, Image 21

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Newspaper Page Text21 THE MORNING OREGONIAN. THURSDAY. DECEMBER ID, 1912. HEW FIBRE SOURCE Hop Vines, Heretofore Burned, May Be Utilized. WILL SAVE GREAT WASTE Discovery Said to Have Been Made by a Gorman Clirnitst Wliicli AM 11 Develop a Valuable By Product of Coast Yards. FiiT. north about STT.n.ooo. can be made fr.im th hop vinos srown on the. Pacific "Tat which are annually destroyed after -ch harvest. This Is the claim made by several hop men who have been liivei-tigat-lnc a process discovered by Dr. A. Helta, a German experimenter, who was In the cltj a few das ago. Dr. Kelts, who is a practicing physician at Tacoma. has been working on the proc f,s tor several years. He began his inves tigations with German hop vines before M.mlm to this country, and has contlnuea his stadles with the American plant. The United states Department of Agriculture has also been experimenting; with hop vines In the attempt to extract a marketable fl ber. Dr. Reitx. who claims to have been successful In his efforts, accomplishes the desired result by means of a chemical proc. e-. What this process is. however, he keeps a secret. There are about 4.-,.000 acres of hop land In bearing on the Pacific Coast. The vine Is said to yield 2S per cent of fiber, ami the amount of fiber to the acre Is estimated at 5.V pounds. Each hill, which contains three vines, has about 50 feet of vine to the hill, and there are 700 hills to the acre. All this vine, after the hops are picked, goes to waste. If this waste matter can be saved and turned Into money, it will mean nut only a bit profit to the manufacturers, but will be a source of Income to the farm ers as well. The vines that hare hereto fore been burned will pay for a good part of the cultivating expense. Tests that have been made In this city of the hop fiber Indicate that It can be used for sewing twice (or sacks and such uses to which soft fibers are put. It is not likely to take the place of manlla or sisal In rope making. The tests have not been concluded, however, and the exact value of the fiber Is not known. Several Portland, Salem snd Tacoma hop men are Interested In the matter, and If it Is demonstrated that a marketable fiber can be made successfully and economically from hop vines, a company will be formed to manufacture the product. WHEAT PRICKS ARE HOLDING WELL Small 8uiorM Paaeias; In Local and Coun try Markets. There Is not much trade passing In ths wheat market and not much is expected during the remainder or the month, but prices are being well maintained. Club was quoted at IS cents yesterday and blucstem at Si cents. The latter sort is becoming scarce and Is relatively firmer thun the other varieties. The farmers of the Northwest are Indif ferent sellers and do not seem disposed to let go except at higher prices. Their bull ishness la no duubt due In large part to the snia'lness of stocks In the country. Re ceipts at tide water so far this season have been close to 30.000.000 bushels, and on the basis of a 53.o0O.00O ' bushel crop, which most of the dealers figure, this will leave only about 9,000.000 bushels In the coun try, allowing for 16,000.000 bu-shels home requirements and feed. The unsold, stock is small for this time of year, especially if the Oriental and California demands con tinue large in the next few months, as is expected. Local receipts. In ears, were reported br tlie Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Monday 100 1$ 3 7 13 Tiesdv ..... TrI 7 5 I Wednesday ... M 18 IS , 5 76 M 3.". Tear ago ' 3." 5 1 7 1 , n to date.10.31i Year ago .... 7.404 J3-IS 1120 "in lint 2K4 l:!43 SSS H753 NO KtGlL.tR PRICK ON EGGS NOW Candled Oregnos Sellaa Low as 30 Cents. Poultry Steady. The local egg market is thoroughly de moralised. There was no fixed price on Oregons yesterday and very few sales. A littla business was reported at 30 and 31 cents, but buyers bought only for their Immediate needs. All outlets are blocked, as outside markets are In tho same condi tion as Fortland. It is now wholly a Weather market in the Northwest. Poultry of all kinds moved ut steady prices. Dressed turkeys are beginning to come In, but there Is little demand for them yet. Dressed meats sold at the pre vioua day's prices. There were no changes in the butter or cheese markets. Large Oranges Will Be Higher. North. -ru California la about cleaned up on or-mges. - w hich means there will be a lighter supply of lary sizes and a firmer in trket from now on Dealers expect large mi's to be 25 cents higher by Christmas. AMde from a car of -sweet potatoes, re ceipts on Front street were small yesterday. The street was well supplied with al! lines and trad was of fair volume. Sale ml Pat ton Valley Hops, llopgrowers continue to sound the market, but are averse to accepting offered prices. There ts a good demand, but trade Is blcekcd. Tho only sale reported yesterday was the Patton lot of 75 bales at Patton Valley to Frank Miller at IT cents. t.rorery Trade Notes. The sugar msrket Is li: an unsettled con dition. Local dealers have been looking for a decline for several days. Another adrance in salt, this time a 75 cent rise on half-ground, has been an nounced by the California, salt dealers. All grades of rope advanced half a cent yesterday. A 5-cetit advance In nails is reported. V Bank Clearings. Ttank clearings of th. Northwestern cities yesterday were as follows: Clearings. Balances. Portland l-'.ovi.tll SI 041 Seattle 1.717..VU J8l..'.k2 Ta.-oma 15.7.".S 40.UH Spokane . 771. 4 11M.406 v PORTLAND MAKKKTs. Grain. Hour. Teed. l.tc. WHEAT Track prices: Club. 78c; bine Mem. S-c: 40-fold. 7tc; red Kufsian. 76c; valley. OOc. Kiil'K Patents. S4..10 tr ba--' straights. S3. 10: exports. ;i. JOfc 3.00; Val K .:o. graham. ss.i'J. uw nt. n'.to. BAR LET Feed. $:3.5034 per ton: brew ing, nominal: rolled. Itv.50S';7.'' per ton. COKN Whole. :!: eracKed. .l7 per tea. JIII.LSTUFFS Bran. $23 per ton; shorts J'j.". per ton: middlings. $30 per ton. HAY Timothy, choice. SlThlS; mixed Eastern Oregon timothy. $litf!5. oat and vetch. $12: alfalfa. l- clover. Ilo; straw SiitrT. , UTS No. 1 white. :..; Per ton. Vegetable and Fruits. FRESH FRT? ITS Apples. B01130 par penrs. 75 tf.l.S" Pr bT; Frr-?. f l.t . per box: Malagas. . J per barre.- eranber.-ies. tii$l:v(l per barrel; casabas. - -" ! per dozen. POTATufcti Jobbing prices: Burbant ". per hundred; sweet potatoes, itee pee !omt1. TROPICAL FRUITS Oranges: Navels. K.lvfi 13.50; Florida. 4: Japanese. $1 1 per .:nd:c: California grapefruit. W.l..fl; Flor ida crap-fruit, $12i; lemons. - 6. j0 per box; pin-apples, a.- per pound: pomegran lles. f per box: persimmons, 1.73 per boa, ta:i?crine-, fi.25 pr box. ONIONS Oregon. BVff1 per sack. SACK VEGETABLES Turnips, JJc per sack; carrots." 73c per sack; beets. 75c per seek: parsnips. 75c per sack. VEGETABLES Artichoke. $161.23 per doxen: beans. i:c: cabbage, 1c per poundj cauliflower. $1.75 per crate; celery. $SfcS.2S per crate: cucumbers. MfcsOc per dozen: eggplant. 10c per pound; bead lettuce. $2 per crate: peas, 12Hc per pound: peppers. 10c per pound; radishes. 13pl0c per doxen; sprouts. 7c: tomatoes. S1.S0 per box: garlic. SSc per pound; pumpkins. lie per pound. Dairy and Country Produce. EC5GS Fresh locals, candled, 30C31C per doxen. . CHEESE Triplets. l!c per pound: dall ies. lKVjc: young America. 20Vjo per pound BUTTER Oregon creamery butter, cubes 17V.C per pound: prints. 3st?3o per POu?- POULTRY Hens. lL'loc: broilers. Lies 13c: turkevs. live. 2nc: dressed, choice, c, ducks. 129 14c; geese. lltflJc PORK Fancy. 9'i10e per pound. VEAL Fancy, 13 14c per pound. Staple Groceries. SALMON Columbia River, one-poond talis. $2.23 per dosen; half-pound rl,t $1.4U: one-pound flat, 12.45: Alaska P,nj one-pound tails, b5c; aUversldos. one-pound 'alls. 11.25. ,A, COFFE8 Roasted, In drum J4 4J4BC per pound. HONEY Choice. a3.2S63.7S per csss. NUTS Walnuts. ISo per pound: Bra sll nuts, 1-J415c: filberts. 141jo; at monda, 18c: peanut, 66He: e. coanuts. SOc'stl-Cu per doxen: chestnuts. ii per pound: hickory tuts. 0 9 10c. pacaaa ITc: pine. 17 tew 20c. BEANS Small white. B.40e: larga whlta. 46c; Lima. ene; pink. 4.70c; liexlcana. bavou, 4.65c , tM 6UGAR Fruit and berry S5.7S: JJonolnlo plantation. S5.70; beet. S 55: extra C powdered, barrels. 16; cube, barrels. S"--6 ALT Granulated. 114 per ton: naor grnund loos. 10, per ton; 50c, 10.io per ton; dairy. $12.50 per tun. RICE No. 1 Japan. sesUje: cheapsr grades. 4c; 6outhern head. Blitjolac. DRIED FRUITS Applea, 10c per pouna. apricou, 12814c; peaches. 8 wile; prures, Italiana, S10c; silver. ,lSc; figs, white and black. H7c: currants. c: rahiins. loose Muscatel? 6itTHc; bleached, Thompson. lHe. unbleached Bultanas. 8c: "M4M.1H 8Hc; date, Persian, 7tto per pound; lard, 11.65 per box. . - FIGS Twelve 10-onnee, 85c; 50 a-ounea, $1.85; 70 4-ounce. 2.iS; 80 10-ounoa. ti loose. 50-pound boxes. 6tt7c: Bmyraa, boxes. Xl.mttl.2i: candled. 1831a. J rovlnons. HAMS All sixes, i61c; picnic. 13c; klnned. 18c; boiled, lie. bacon pmer. 2702Sc: choice. ;0O23e, LARD In tierces, choice. 14 4e; com pound, tl 4 a. DRY SALT MEATS Regular short elsars. SLMIK.. ahnri lmw hark 13 to 16 IDS., 13fe013o'; short clear packs. 18 to i M lba. istrior: exports. ic: piaics. v w ' , mRBEI.Eli RKCS" Extra mess beef. lie; mess beef. 113: extra plate beef. 17.60; p.ats beet. sit. do; rolled boneless e- BARRELED PORK Best pig pork. - brisket pickled pork, 123. . Hons. Wool and Hide. HOPS 1912 crop, prima and choice, 17 2uc per pound. Miitil. w rmtr. 32e nee sound. PELTS Dry. 13914c; butcher, S10L3S: short woo' TfilOc. WOOL Eastern Oregon. 14018e per pound, according to ahrinage; valley, .In tliUfl Mr oound. HIDES Salted hides. 13c per lb.; salted calf, lbc; salted kip. 13614c; green maea. 12c: dry hides. 22 23c; dry cair, ivo. 1, 25c: No. 2. 20c; green atags. 6s6"t CASCA-RA Per pound. bS4?ac: car lota, 4t3c Linseed Oil and Turpentine. LINSEED OIL Raw. barrels, 30c: boiled. barrels, G2c; raw, cases, 55c; boiled, cases 37c. OIL MEAL Carloads, 837.50 per ton; leu than carloads. X40 per ton. TURPENTINE Barrels. 34V4c: cases. 57c. STEERS HI .14 CENTS LEWISTOX CILVMPIOXS SOLD TO THE CHRISTMAS TRADE. Hogs Are Off 20 Cents With tlie Top Sales at $7.30 Sheep Market Continues Firm. There was a further easing off in the hog arket at the stockyards yesterday. In other lines prices were maintained. The feature of the cattle market waa the sale of two hlgi.-grode Hereford steers for the Christmas trade. One was a yearling and one a 2-year-old. Both had been ex hlhlted at the Lewiston stock show and won the highest honors. They were bought by the Imperial Hotel at 14 cents. The best price paid for hogs during the dav was S7.30, which shows a 20-cent de cline over night. The bulk of the sales were at 87.25. Two loads of choice ewes sold at 84.25 and a poorer bunch brought $Z.S0. Lambs were taktn at St and ..''. Receipts were 4 cattle, 636 hogs and 363 sheef). Shippers were Robert McCrow, Golden dale. 1 car of aheep and hogs: A. R. Ford, McM innvllle, 1 car of sheep and hogs; W. K. Burton. Montague, Cal., 3 cars of hogs; F. B. Decker. Gervals. 1 car of cattle and hogs: II. W. Rayer, Arco. Idaho. 3 cars of sheep and hogs, and J. B. Lantia, who drove In one cow and calf. -The day's sales were as follows: Weight. Price. 4 rbws li'7T $3.25 13 steers lltll 6.75 1 bull lVr.O 3.B0 1 bull ., ISr.O 4.1.1 91 hogs 177 7.25 91 hogs 216 . 7.25 97 hoes 184 7.30 9 hogs 227 7.25 105 hogs 198 7.30 1 1)5 hogs 196 7.30 91 hogs 216 7.25 97 hogs 1S3 7.30 71 hogs 1S3 7.30 1 hog 460 50 40 ewes 94 4.25 173 ewes 102 4.25 35 ewes 76 3.50 121 lambs 73 6.00 4 lambs 90 6.50 1 bull 11S0 6.00 The range of prices at the yards was as fallows: Choice steers 87.OO4i87.ri0 lool steers tt.50ft. 6.75 Medium steers 6.00 6.25 Choice cows . ft. 00 9 6.30 Cood cows 3 3nsa 5.75 Medium cows 4.50 'a 3.23 Choice calves 7.50 8.75 Good heavy calves a 6.0o 7.00 Bulls 8.O0& 5 00 Stags S.00(u 6.00 Hogs Light ' 7.23 7.30 H. avy 0.004J 6.50 Sheen Yearling wethers . 2.". 5.33 Ewes 3.23 9 4.25 Lambs 3.00 6 6.50 Omaha Livestock Market. - OMAHA. Dec. 18. Cattle Receipts. 2400; market, steady to stronger. Native steers, jmrlOj cows and heifers. 8.1.756.73; West ern steers. 83.50ft .25: Texas steers. $4.."0 tV25: cows ami heifers. :.Xiac 6.4o ; eanners, ?3s4. 25- slockera and feeders, $4.75 7.75; f-alvea. 1.H: bull.s stags, etc.. J-l 4ui 0. Hag Receipts. 0400; market, steadv to ." hinher. HcB.'y. 87W7.15; mixed. 86.90s 7.05: l;ght. Cn.'jora 7.10; pigs, iati-6.00; bulk of sales. 46.y5Ki7.10. Sheep .Receipts, 11.000; market, steady to 10c lower. Yearlings. $5.Anig 6.50; wethers. $.1.90j 4.!K; ewes. $3.5004.65; lambs, $.6,400 Chicago IJvestork Market. CHICAGO. Dec. IS. tattle Rerelpts, IS.'Hmi; market, steady to 10c lower. Beeves. ..4Gi M.75; Texas steers, 14.40 5.65; West ern steers, $5.2-V'(j 7.50; stockcrs and feed ers. $4.20 7. 2"; t ows and heifers. $2.70tj 7.50: calves, $6.501 10.00. Hcgs Receipts. :to.OiK: market, slow to steadv Light. 16.80: 7.15: mixed, $6.K0tr 7.25; "heavy. $6.S3i-7.25; rough, $.S5t7.25; pigs. $5r6S0: bulk of asles, 7.1i) 7.20. citieep Receipts. 23,Oi.iO; market, slow to steady. Native. $3.05.OO; Western, $45; yearlings. 5.40r? 03; lambs, native. $3,750 8; Western. $67.00. Metal Markets. NCW YORK, Dec. IS. Copper Dull. Standard spot and December. 16.73 bid; .iamiarv ami February. 16.751 17.00; electro, lytic. 17.02Jtl7.K7; lake, lT.BJ'u 1 7.87; cast ing. 17. 25tr 17.37. Tin. iiet. Spot. 40745O,25: December, 49.S5tr 51.25: January. 41I.754J 50. 15. Lead quiet. 4.25W 4.35. Speller iUlet. 7.20 v 7.40. Anltmony quiet. Cooksons. 1O.50. Iron barely stady and unchanged. Cooper arrivals 165 ton.-. Rxporls this month 13,0.1 tons. London copper dull, spot C74. 7s ml: futures 75. 10. London tin firm. Snot f227. His. d; futures f227. Ins. London lead IIS 2. 6d ; London spelter f2. ls: Iron Cleveland warranla 60s. Od In Lon- dou. Ilrled Froit at New York. NKW YORK, re,c. IS. Evaporated apples quiet and steady. I'runrs firm. 1'cach-s quiet. V SPURT If! READING Stock Soars on News of crease in Dividend. , In- CARRIES-ENTIRE LIST 7UP Prte Offerings at the Advance Turn the Market Backward, but Bears Are Cautious in Their Operations. NEW YORK, Dec. 18. An outburst of ex rlt-d hlddlnr aroused tho stock market to day to sudden activity toward the close of what had been a dull and colorless session. With the news from Philadelphia of the in crease in its ouarterly dividend, from 1 to 2 per cent. Reading soared awlftly to l5t4 and to 170. sold off again and closed at 166i, unchanged on the day. Other stocks responded to the Jump in Reading, and Union Pacific. Southern Pa cific. Lehigh Valley and Steel rose to a point above yesterday's close. The spurt in nrires Induced hravv offerings and at the close a number of leading issues were selling below yesterday's final quotations. News of the Reading dividend Increase at this time came as a surprise. Karller In the day, Reading had been the weak feature among the prominent stocks, selling two points below yesterday's close. More than half the day's business was irwnuacieu the last hour. Although the market responded In spots to pressure, bear traders were not willing to venture upon the extensive dealings "" prices moved back and forth in a halting way. with a heavy undertone. Bonds were slightly lower on small offer ings. Total sales, par vale, $1160,000. United States 4's declined h on call. CLOSING STOCK QUOTATIONS. Reported by J. C. Wilson A Co , Lewis building. Portland. Closlny Sales. High. Low. - Bid. Amal Copper .. 29.100 T.iii 71 71J4 Am Beet Sugar. 20i r.o 4 4H American Can.. S.ooo 2S4, li7' 'W do preferred.. 2.SO0 1151 ILUs H4S Am Cur Fdy. I,4o0 53 53 53 Am Cotton Oil., -r ...... .'J Am Smel & Rt-f 3.300 60 Vs. 67 U do preferred rvl., American Sugar. 200 116H lt HSS Am Tel & Tel.. 3oo 140 140 138 Am Tobacco ... 4.100 272 14 268 'O. Anaconda . POO 38 H -38 3itf Atl Coast Line. 1,000 13t 13. loS A T A Santa Fo xl,000 10514 ll'Sli 10JH t do preferred.. J00 10Ii 101- lolto Bait ft Ohio ... 4.2O0 104H lO.-.'A 10H Brook R Tran.. 700 fiS "4 Canadian Pac .. 3,:i0 250S 2.'.j 253 C 4 O 1.700 7SH mV 18.. C&GW 'S C N W 800 13HVi 18tl 13 j H C, M& St Paul. 1.81X1 llli. 111 1111s Central Leather. 800 277s -'1 is 27 Central of N J Chlno 1.4O0 42 4114 41H Col Fuel A Iron 600 33 '4 33 M do preferred Consol Gas , 600 13 1381i I A R G ..... ..... Distillers' ' Securl l.loO 2211 22". 21'H Erie 5.30O SHj 30 Gen Electric ... l.tmO LSIT, Ml IW'H Gt North Ore Ut North pf 2.1O0 134 i l '-3 1-.3 Illinois Central. 400 12U 12ij l.'O Interbnro Met .. 200 17H 1 J5 do preferred. 4oo H ."A Inter Harvester. ,300 100 . 10:1 1074 K C Southern ; : Lehigh Valley .. 10.2W 1 . 1 lRlt Louis & Na.'h .. 1.000 1S9U 13 1"S'4 Mexican Central "'" .nS - M. S P 8 SM 200 ISSli 13R1. 1.18 Mo. Kan A Tex. 100 2(1 21 25 Mo Pacific 1.7P0 4IU 41 ! National Lead Nat Biscuit .... 100 120 124) 110 do preferred.. - V.' N Y Central... 400 100 10814 108 .V Y. Out & Wes 20O 3114 31 31 Norfolk & West 000 11214 112 11214 North America '57 Northern Pac. 1.000 120Vi 119H 11014 Pacific Mail .. .. 100 2 -29 20 Pacific TAT " 42,,, do preferred " ."J Pennsylvania ... 2.000 1214 12014 121 People's Gas ... loo 111 111 11014 Reading 154.100 170 1(144 lf.?i Republic S & I.. IOO 2.V 25i; 25 Rock Island ... M0 23 22-, 223, Southern Pnc -7.OH0 1074 10..4 lOJi Southern By 7iH 27 2. 2ii Texas Oil'..:.. 200 10SH 10K 107 Union Pacific .. 30.500 15814 156 153T4 do preferred.. 10O 00 90 Otili Rnlted Rds S F. 200 35 85 34 li U S Steel 68,800 00 6.. : do preferred 100 L'tah Copper ... 3.100 56 55 v 5;54 Wabash Western Union .. 10c) 7"li TSH i214 Westing Elec .. 100 77 70 ;li Wisconsin Cent. 200 48 Total sales for the day. 409,700 shares. BONDS. Reported by Overheck A Cooke Co., Board of Trade building. Portland. Bid. . 108 .. 95 .120 . 96 .105 . 87 .105 . 95 1. 7 . 9l)t-i . 8S , . 91114 . 95 . 9.1 . 97 . 95 . 94 . 78 i . 86 Is . 64 . 93 ,. 87 . 9rt . 8 . 7814 . 82 . t9i . 8814 . 86 . 70 . 8414 . 78 .104 . 69 .111 . 93 . 97 . 67 . 90 . 92 . 96 .101 . 02'4 . 76 Asked. 109 Amer Tel A Tel conv 4s American Tobacco 4s......... American Tobacco u. Atchison general 4s Atchison conv 4s Atchison Ij 4s stamped Atchison conv 5s Atlantic Coast Line cons 4. . At Coast Line "L AN coll' 4 Baltimore A Ohio 31s Brooklyn Rajld Transit 4s... Chesapeake & Ohio 414s C B A li sen mtg 4s C B A Q Joint 4s C B A Q IM 4s C B A Q Denver 4s Central Pacific first 4 Chicago A East Ills 4s Chicago R 1 A P ref 4s Chicago R I SP Col trust 4s Colorado A Southern first 4s. Denver A Rio Grande 4s Delaware A Hudson conv 4s. Erie first cons P L 4s Int Met 41;S Japanese 4s Japanese first 4!ss Japanese second 414s Mo Kan A Tex 4VjS Missouri Pacltic 4s New York Central 3'iis New York Central L S SHs... New York City 4"4s of 1937.. Norfolk tWestern 4s Norfolk A western conv 4a. . N Y Ont A W 4s Northern pacific P L 4s Northern Pacific 3s Oregon Short Line 4s Oregon Ry A Nav 4s Reading general 4s Republic of I'uba 5s Si.uthhern Pacific first ref 4s Southern Railway 4s t i . s v ref in 97 106 8714 IO6 9514 i'7 14 91 SS'i 99 i 9514 9514 !S V 95 ' 94 . 79 87 4 li 93 'i 87 4, , 97 8614 78 83 9014 87" 71 86 784 104 87 5a 112 94 98 68 92 9214 96 is 102 93 77 75 98 97 96 101 101 101 103 103 114 114 67 64 ,-i 95 93 84 1 91 98 74 14 I nlon Pacific first 4s 891j I'nlon Pacific conv 4s ln Union Pacific ref 4s 95 United States Steel S F 5s 100-S irnlled Statej, 2s registered. .... IO054 United States 2s coupon 100?4 United Slates as registered 1021a United States 8s coupon... 10214 United States 4s registered. ... .113 United stutes 4s coupon 113 United Railway S F 4s 67 Wabash first 4s 64 Western Union 41s 9:4 Westlnsrhouse conv 5s 92 Western Pacific 5s 831s Wisconsin Central 4i..-. .1 90 West Shore 4 9714 Stocks at Boston. BOSTON. Dec. IS. Closing quotations: A Hours SllilM'Wiawk 37 Amalg Copper.. 71 la j N'evsda Con . 19 A Z L A rim... 254Nipisin Mines. 814 Arlxona Com . . 314 North ButUi 31 B&CC&SM. 4 It North Lake 214 Cal A Arlxona. . 671-1 I'l uo.nlnlon. . . in Cal AHecla 317 :Osi.eola !1 Centennial 1 llfumoy 74, Cop Ran Con O f .-nannon JjT: E Butte Cop M. 13jSuperlor Jl, Franklin 8 I Sup A Bos Mm.. 1 Glroux Con S'lm Granny Con ... 61 U 8 8 It A M... 41 Greene Cananea. 81 lo preferred... 4SJ4 Kerr Lake 2"SUtah Copper Co. oS Lake Copper.... 23 ' Winona Sii l.a ?-ane i:opper -mi 1 - Miami Copper. 25 1 Condition of tbe Treasury. tvsshinotoN. Dec 18. The condition or the United states Treasury at the begin ning of business today waa: Amount. Working balance $ 447.612 Tn banks and Philippine Trcas. . 32.22..:-6 Total of general fund 1 39, 2i8. R.o Receipts yesteruay Disbursements 1-,1'I,I Th. deficit this fiscal year Is $4.806..-.26 as against a deficit of $22,403,425 last year. Tho figures for receipts, oisnursement nd deficit exclude Panama Canal and pub lic debt transactions. Money, Kxchange, F.tc. NEW YORK. Tec. 18. Money on cil. firm 34 55 per cent: ruling rate, 4; clos. Ing bid. ;:": offered at 4. Time loans, steady: 60 and 90 days, 6 per cent: tiix months. 51-j per cent Close: Prime mercantile paper, 6 per cent. Stcrllns exchange steady, with actual busl- neis lr. bankers' bills at $4.81 liT for 60-daj bflls and at $4.8300 for demand. Commercial bills, $4.SO. Bar silver. 63 4c. -Mexican dlJp.rs. 4014 1 Government and railroad bonds, easier. LONDON. Dec. IS. Bar silver, quiet, 23-16d per ounce. Money, 3 (94 per cent. The rate of discount in the open market for short bills Is 4tfS per cent; for three months' bills. 565 per cent. SAN FRANCISCOr5ec. 18. Silver bars, 6314c. Mexican dollars, nominal. Drafts Sight. 21rc; do. telegraph. 3c. Sterling on London, 60 days. $4.81; do sight, $4.8554- SAN FRANCISCO PRODl'CB MARKET Prices Quoted at the Bay City for Vege tables, Fruit. Etc. SAN FRANCISCO. Dec. IS. The follow ing produce prices were current here today: Fruit Apples, choice, 60c: common, 40c; Mexican lime, $484.50; California lemons, choice. $5.50; common, $1.30; navel oranges, $1.25j2.50: pineapples. J263.50. Cheese Young America, 1718c. Butter Fancy creamery. 3314c. icings Store. 30c: fancy ranch, 33c. Hay Wheat, $23 (fir 34; wheat and oats, $2122.50; alfalfa, $12.5015; barley, $17 10. Potatoes Oregon BurWanks, nominal; Sa linas Burbanks, $1.1061.25; sweets, $173 41.83. Vegetables Cucumbers, $1.00S1.23: garlic. 2ft-3c; green peas. 4Sflc; string beans. 5 10c; tomatoes. 40S5c; eggplant. 353; onions, 3650e. Receipts Klour. 8480 quarter sacks; wheat, 1440 centals; barley, 2340 centals: oats. 820 centals; potatoes. 3041 sacks: bran. 500 sacks: middlings, 100 sacks; hay. 110 tons; wool, 31 bales. Coffee and Sugar. NEW YORK. Dec. 18. Coffee futores closed weak at a net advance of 13 points on December, but generally unchanged to three points lower. Sales 120.750. Decem ber 13.46. January 13.50, February 13.60, March 13.81, April 13.91. May 14.03, June 14.11. July 14.14. August 14.ZU, Beptemoer, October. November 14.26, Spot Rio No. 7, 14 fee. Raw suear steady.. Muscovado .89 test 9.42c. centrifugal .00 test 0.92c, molasses .89 test 3.17c, refined steady. New York Cotton Market. NEW TORK, Dec. 18. Cotton Spot closed steady. Mid-uplands, 13.10; do Gulg, 13.33. Futures closed steady, unchanged to 12 points higher; December 12.73. January 12.78, February 12.7.8, March 12.83, April 12.83. May 12.84. June 12.79. July 12.79. August 12.07, September 12.09, October 11.95. NEW ORLEANS. Dec. 18. Spot cotton quiet, unchanged: middling 13c. f Chicago Dairy Produce. CHICAGO. Dec. 18. Butter Easy, un changed; creameries. 2H&83C Eggs Unchanged; receipts. 4398; fresh current receipts. 1022c; refrigerator nrsta. 17c: firsts, 24c. Cheese Firm; daisies. 16 17c; twins, 16617Hc; Young Americas. 1617c; long horns, 16 & 17c. Beading Common 8 Per t ent. PHILADELPHIA. Dec. 18. The directors of the Reading1 company this afternoon de clared a quarterly dividend of two per cent on the common stock. This places the stock, which was paying 6 per cent, on an 8 per cent basis. Naval Stores. SAVANNAH. Ga.. Dec. IS. Turpentine firm. S814e39c. sales 725, receipts 782, ship ments 141. stocks 34.000. Rosin firm, salea 3000. receipts 3800, ship ments 6476. stocks 152,000. Quote: A, B. 85.956 6.10: C ,D. 6.10; E. ?6.056.15: F. $6.10-q 6.1714; G. H. $.15i&. 6.17 14 ; I. $6.2(1; K. $6.33; M. $7.05; N. $7.25; WG. $7.33; WW, $7.45. Hump in Eggs at Duluth. DVLUTH, Dec. IS. The bottom dropped out of the local egg market today. Fresh eggs, which yesterday were selling at 45 cents in Duluth, are 30 rents a doxen today. April storage eggs are 22 cents a doxen. Wool at St. Lonls. ST. LOUIS. Dec. IS. Wool Steady. Ter ritory and Western mediums, 2125c; fine mediums, 188 20c: fine 13iai7c. ' Hops at New York. . NEW YORK. Dec. 18.- Hops quiet. , , BIG PROJECTS START SOON Work of Reclaiming 200,000 Acres in Umatilla County Planned. UERM1STON', Or7bee. 18. (Special.) Offices have been opened at Echo for the commencement tho first of the year of work in the development of two new-big- irrig-ation projects in Umatilaa County. The larger is the Paradise project which wiH reclaim f.0,000 acres of land north of Echo, a part of which is now classed as wheat land. The main canal to carry water to this tract will tap the Umatilla River east of Pendleton and follpw the hills north of that city until it empties into two bis reservoirs near the land. The other tract Is now covered with bunch grass, and is east of the famous Butter Creek alfalfa region. Its sup nlv of water will come from Camas Creek, in the extreme southern end of Umatilla County. This system will re quire a long tunnel through the divid ing bills that form a watershed of the Umatilla and John Day Klvers and win reclaim an area of 20,000 acres. It is known as the Tell Irrigated District. Besides these, two enterprises the United States Government will com mence work early next Spring- on the neighboring area of sagebrush known as. the west extension and covering about 40.000 acres lying westward from Hermiston 30 miles along the Columbia to the little station of Castle Rock. The total cost of these three projects will be over J7.000.000, and the total new acrea reclaimed will be over 100, 000 acres. This added to the lands in Western Umatilla County now already in course of reclamation, will create a district of 200,000 acres. Much of this land has already been improved in al falfa and fruit, and its productivity al ready demonstrated. It adjoins the Co lumbia River with none of it more than 20 miles distant from navigation, and the citizens of this territory expect much from the completion of the Celilo and the Panama Canals. CHEHALIS MILL GROWING Changes Made In Management and Xew Business Is Sought. CHEHATJS, Wash.. Pec. IS. (Spe cial.) The milling plant of the Che halis Produce Company is to be en larged and its capacity materially in creased immediately. Some important changes In the business of the company are to be made. H. A. Callison, -who has been In charge at Chehalis. will remove to Aberdeen, where the company Is ex tensively engaged in business at its harbor headquarters. John H. Giblin will succeed in charge at this place. Chehalis will continue to be the dis tributing point for orders carrying car load lots or over. The company will compete for business on the harbor stronger than formerly. The Chehalis mill has a weekly capacity of 50 car loads of grain, as well as a great vol ume of general outside business. - ESTABLISHED 1894 $ ort, $acon & 3avts Engineers . .. ACT AS CONSULTING ENGINEERS CONSTRUCTING ENGINEERS OPERATING MANAGERS APPRAISERS PROPERTIES FINANCED RS SECOND ST.. SAN FRANCISCO NIV YORK NEW ORLEANS CABLES ARE HIGHER Chicago Wheat Follows Ad vance at Liverpool. - EXPORT DEMAND STRONG Argentine Harvest Said to Be Fall ing Short of Expectations Pri mary Keceipts Tjurge but Spot at Premium Over December CHICAGO, Dec. 18. wheat and corn fin ished strong today, oata steady and provis ions irregular. The wheat market opened ',c to 94c higher In sympathy with an advance at Liverpool. .Both export and milling de maud was reported strong, and In addition private wires said that the Argentine har vest was falling short of expectations. Pri mary receipts continued heavy, hut spot wheat was mainly held at a premium over December. Corn prices spurted sharply toward the close, although the market ruled firm throughout the session. Cash demand was reported poor. Buying of December oats by cash houses advanced prices. Liquidation marked the provisions mar ket. The leading futures ranged as follows: WHEAT. Open. High, Low." Close. Dec S .85i f .8 I .54 I . May IMS .1 U "' H July .87 i .8714 .87 .81 CORN. Dec 47 .48 .47 .484 Mv 48, .48' .485 '!" July 40 .49 k OATS. Dec. .r.A .38 .82 Vi Mav .! .HXS lt2?li July 3314 .S.".s .3o!q MESS PORK. Jan n.Si'i 17.H214 17.0 17.75 May .. 17.7i 1S.03 17. Si 18.00 LARD. Jan. ...j. 3.80 B.fO 0.75 982 Vi May t.5 O.Si H.75 - t).8J SHORT RIBS. JaaC 0.70 .72H .2H May 0.HO 9.05 U.UO 9.05 Cash quotations were as follows: Corn No. 2. 4S46Vc: No. S. 43 46Vic; No. 3 white, 46Vife4'4c: No. yel low, 4546Hc; No. 4, 43ViCf45c: No. 4 white, 4445Vjc; No. 4 yellow, 4445VaO. Rye No. . 63 634 0. Barley Feed or mixing, 4S50c: fair to choice .malting, 58i65c. Timothy seed $3.353.65. Clover seed 818.25 418.50. Pork Mess, 1717.-'i. Lard In tierces, JS.57 V4 6 9.53. Short ribs Loose, 9.1-' Vi 9.75. Grain statistics: Total clearances of wheat and flour were equal to S71.00O bushels. primary receipts were 1.328,000 bushels, compared with 34B, 000 bushels the corresponding day a year ago. Kstimated -receipts for tomorrow: Wheat, 38 cars; coin. 347 cars; oats. 161 cars; hogs. 23.000 head. European Cralu Markets. LONDON, Dec. 18. Cargoes firm. English country marKets, quiet. French country markets, firm. LIVBRPOOL. Decris. Wheat Spot, steady; futures, firm. December, 7s 4Vu; March, 7s 4d; May, "s 2d. J4 v Puget Sound Wheat Markets. TACOMA, Wash., Dec. is. w neat '" u.,. vf.,M ti clow 7sVic: red Russian, 7ttc. Yesterday's car receipts Wheat, 41; oariey, iwiu, SEATTLE, Wash.. Dec. 13. Wheat Blue stem, 82Vic: forty-fold, 80c; club, iWc; fife. 77c; red Russian, 7V4c. yesterday's car re. celpts Wheat, 37; oats, 4; barley, S; coru, 3; rye. 1; hay, til ; flour. 1. Grains In Sun Francisco. . -n ..mltA T-,n 111 CnJll OlIolR. lions: Walla Walia, 1.4r. 14BV4: Turkey red, S1.S2 '4 (Ji o.i; Diuesiem, .ts s " ' J" t. i e w, , 1 !; . ..a barley l eu ij5Biaii, v- s -r ' --- - J1.40G 1.41 Vi: brewing barley. L60: white oats, si.tiwi.". uiuii, c i , Call board sales: Wheat December, $1..0 askc-1. .Barley Dcemuer. i.iu; jaay, Minneapolis Grain Market. MINNEAPOLIS. Dec. 18. Close: Wheat- December. SliiBMc; aiay, wnpo:it( July 7"c. Cash No. 1 hard, S35c; So. 1 Northern, S-'rgSSic: No. 2 Northern, SU81c; No. 'J hard, Montana, 8-Vtc; No. 3 wheat, 7S79c. Bran in JoO-pound sacks, '1818.u0. Flax 81.24 u. . Earley U&OOc. , Duluth Linseed Market. DULUTH, Minn., Dec. 18. Close: Lin seed on track, to arrive and December, 81.24: January. I1.1I4V4; May. 81.2iV4. This bank is au ideal institution for business .men's banking. Its policy is liberal and ac commodating, as far as safe business methods permit. It believes in stimu lating the business activities of its cus tomers. United States National Bank Surplus and Capital $2,000,000 Third and Oak When Bitulithic Paving is being laid, the mate rial is subject to scientific tests every hour, in suring work without a 'flaw. That's the rea son BITULITHIC WEARS! lumbermens National bank. ' PORTLAND, OREGON Our foreign exchange department is practi cally an international bank. . Carefully selected correspondents represent us in all parts of the world. CORNER FIFTH AND STARK. RESOURCES 6 MILLIONS gin the test today LADD &TILTON BANK Established 1859. Capital Stock ....$1,000,000.00 Surplus and Undivided Profits 1,000,000.00 Commercial and Savings Accounts Letters of credit, drafts and travelers' checks issued, available in all parts of the world. OFFICERS. W. M. Ladd. President. ?,erTt 8i PVmIv0"1116 Edward Cookingham, Vlce-Pres. J.Vt. Ladd Asst. fashler. W. H. Dunckley? Cashier. Walter M. Cook. AsaL Cashier. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of the Rocky Mountains TRANS - ATLANTIC LINES AMERICAN LINE N. Y.- -Plymouth - Cherbourg -Southampton Atlantic Transport Line .New York --London Direct RED STAR LINE N. Y.--Dover--Antwerp WHITE STAR-DOMINION Dec. 28 Jan. 18 OFFICE, 01 SECOXD Or Local Railway Dominion . . Canada COMPANY'S Cl'NARD Cruises BTOPOTEB8 PEKHITT1D A LA CAKTB WITHOUT CHABGJ EXPRESS SAILING JAN. 4lfc Monaco Naple. Alexandria For Particular apply to L THE CUNARD S. S. CO. Ltd- SI State St, N. T. OB VCAb AGENTS. J.CWILSON&CO. STOCKS, BOSUH, GRAIN AND COTTON MEMBERS XEW TORK STOCK EXCHANGE. NEW YORK COTTON EXCHANGE ruwriknn mitRD OP TRADK. THE STOCK AND BONO EXHANGE, SAN FRANCISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street Phones Marshall 4120. A "41 87. BSTO INCORPOMATEO CONSULTING and CONSTRUCTION ENCINEERS PUBLIO SERVICE PROPERTIES FINANCED and MANACEO SO Pine 8treet New York TR-WELKRS GUIDE. AUSTRALIA AND NEW ZEALAND (Colon Line of N. Z.) SYDNET VIA TAHITI AND WELLINGTON Direct through steamers, sklllnx .Tom San Francisco. Jan. 8. Feb. 0. and every 28 days. The line to the Isles of the Suutn Seas. For reservations see Coupon Railroad Agents or addreae Hind. Rolph & Co., en eral agents. 679 Market St.. Man Franclsctt LOS ASGELES AND SAN DIEGO STEAMSHIPS YALE) AND HARVARD Railroad or any steamer to Ban Fran cisco, the Expo City. Largest, fastest and the ONLY strictly first-clasa passengrer ships on the Coast. Average speed it miles per hour; cost S2.u5o.Ou eaco. SAN FKANCTSCO, PORTLAND L. A S. S. CO, MalD 628. Frank Bollam. Agent. A 43)1 US Third street. (2 A savings account is like aft umbrella it seems never to rain when you have it. Be- with $1. We pay 4 per ct. interest Hartman & Thompson Bank Chamber of Commerce Building, Fourth and Stark WHITE STAR LINE New York-Queenstown-Lherpoo! N. Y. - Plymouth - Cherbourg-Southampton MEDITERRANEAN CRUISES Boston-Medilerranean-Italy Canopio I'b- 1 Canopic March 15 I'ORTI,l). ME. TO LIVKIU'OOL. I Dominion Veb. 1 I Tanada l"eb- 23 AVE, MAIN FL'Il, HEAR, SEATTLE and Sleamahlp Acenta. Unsurpassed Luxury and Gmfort Madeira. Gibraltar. Algiers. Moaaca, Nanlc-a. Alexaadrla "LACONIA" Jan. 4 "FRANCONIA" Jan. IS CARONIA" Jan. 30, Mar. tS 4? TRAVELERS GVIVB. San Francisco, Ls Angeles and San Diego Direct S. S. Roanoke and S. S. Elder. fail Bvery Wednesday Alternately as 1. M. NORTH PACIFIC S. S. CO. 122 A Third sL l'bones Slain 1314. A 131V Largest, Fastest and Finest Steamers on the East and West Coasts of So. America For Illustrated literature- apply to The Royal Mail Steam Packet Co. Tbe Pacific Meam Navigation Co. Dorsey Smith, 60 Fifth St., Portland. m. js. m. ssza . EXPRESS STRVMT.RS FOR San lYiinciMro and I a Angeles WITHOUT CHANGE S. S. BEAK sails at 4 P. M., December !J. THE SAN FRANCISCO PORTLAND S. S. CO., Ticket Office la Third hi reel. Phone Mnin 2003, A 2530. COOS BAY LINE STEAMER BREAKWATER alls from Ainsworth dock. Portland, at A. M. December . and thereafter evei Tuesday evening at It P. M. Freight r- -reived dally except Tuesdays up to S P. a . Tuesdays up to P. M. Passenger fat A first-class, S10: sefcond class. 17. iocludli berth and meals. Ticket olflcs at Alas worth dock. The Portland A Coos Bar ks Line; J, H. Keating. Agent.