21
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.