Morning Oregonian. (Portland, Or.) 1861-1937, December 28, 1912, Image 15

Morning Oregonian., December 28, 1912, Page 15, Image 15

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Newspaper Page Text15 THE MORNIXG OREGOXIAN, SATURDAY, DECE3IBER 28. 1912. E Hops Are in Strong Hands and Demand Is Good. OFFERINGS ARE LIMITED Speculative Holdings Will Be an Influential Factor In the Market From .Vow On Firm Condi tions Prevail in England. The demand for hops has not been checked In any way by th'e holiday Inter rnption, bat the scariclty ot offerings keeps trade down to small proportions. The mar ket Is very firm and there Is every Indica tion that It will continue so. The hops that remain unsold are In strong- hands and speculative holdings are now large enough to be an Influential factor In the course of the market from now on. The Williams crop of 2S5 bales, grown at Airlle, was bought yesterday by Julius Pin cus at 13 4 cents. Mr. Plncus secured an other carload at IS cents. . This is the only business that has been reported since Christ mas. The following table shows the movement of hops at the port of New York for the season ending December 20. and a com parison with the same period last year: 1912. 1911 Receipts 50.7K4 6.1.703 Exports 26.M0 33,497 Imports 5.612 051 Commenting on the strength of the Eng llati hop market the Kentish Observer says "It Is gratifying to report that the im provement In trade which we announced last week 'has not only been fully maln- ' talned. but that It has Increased. The rise in prices ha continued and has now as sumed the proportion of at least an ad vance of 10 shillings per cwt. from bottom quotations; while everything points to the probability (amounting practically to a cer talnty) of a continuation of the demand and steadily advancing quotations. "For those who have not yet sold the promise of the future appears to be very bright. So many brewers have been buy ing sparingly, so much trade remains to be done, and supplies are now so very lim ited that there is absolutely nothing In view to prevent the market rising very substantially. The general trade of the whole country Is booming as It has never boomed before. The wages earned by the working classes In the north are prodigious (more especially In the Iron and shipbuild ing trades) and the spending power of those who are the best customers of the brewers is Increasing by leaps and bounds. This means a greatly increased consumption of hops, and where are the hops to come from to satisfy the demand which must con tinue to Increase? "It Is certain that very few brewere have covered their full 'average' requirements to carry them till the crop of next year is available. It Is more than certain that practically none have yet taken Into ac count the combination of circumstances which, taken together, must Inevitably In crease their requirements during next year to a qnantity very far in excess of the av erage if not absolutely beyond the avail able supply. "It Is quite possible that very high figures may be again quoted before the season of 1J1J arrives. The acreage under bops Is very low. Stocks of hops are small. There is no real reserve. A small yield per acre la overdue in England. This year's Con tinental crop was a bumper one and Is not unlikely to be followed by a small one. Sound healthy hops should certainly be good property today. WHEAT 1TKM WITH GOOD DEMAND Active Bidding; at lull Prices at Country Points Weekly Shipments. The wheat market was firm yesterday with active bidding In the country for club on the basis -of SO cents and for bluestem at S4 cents. The demand for the latter was particularly keen, as the available supply is now In small compass. Trade was re stricted, as has been the case for some time past, by the limited offerings. In other departments of the gram trade a holiday feeling existed and prices were unchanged.. Weekly foreign wheat ship ments were as follows: This t Last wk. Last yr. Argentine -mrt.nno 1S4.00 sfl-s.Aoo Australia ulrt.oilrt im.04K 18.(m0 India 608.000 8GS.000 l.Sie.OOO Local receipts In cars were reported by the Merchants Exchange as follows: Wheat Barley Flour Oats Hay Monday . 161 3.1 3 14 Tuesday !3 11 7 Wed.. Thurs. . 47 5 30 3 Friday 3 7 4 11 Year ago 47 6 2 Season to date 10R7H 1431 11K4 2 Year ago 7047 273 1388 825 1151 1810 European Beet Sugar Crop Estimate. The European beet sugar crop Is esti mated by I.lcht as 8.420.000 tons, which compares, with 83'900r,bts previous figure. Russia accounts for 425.000 tons decrease. The comparative statement follows: Tons Last Estimate, estimate. Germany .2,70, 000 2.!l'5.0O0 Austria l.SOO.COO 1,9110.000 France 950. 0O0 95.000 Belgium 300,000 300.000 Holland 290.000 290,000 Convention countries. ..6,220,000 fi, 340.000 Russia .....I.f..'i0.000 1.975,1100 Other countries 650.000 620,000 Total 8.420.000 8. 935.000 Total 1911-1! (.348.000 1910-11 8.105.128 1901-10 S. 136, Sill Eggs Are Cleaning- Up. Liberal buying of eggs In the past two days has materially reduced the accumla tion on Front street, and some of the firms were entirely cleaned up yesterday. Can dled stock sold at 30 to 32 cents. Receipts of poultry and dressed meats were light and prices were as quoted on Thursday. There were no changes In the butter or cheese markets. . Cauliflower Scarce In South. The weather yesterday was hard on the fruit and vegetable trade, and there was not the usual Friday activity. No receipts from the South were reported. California advices noted a scarcity ot cauliflower on the Southern market, owing to the cold weather. Review of Calif oral Frnit Trade. v The annual review number of the Cali fornia Fruit Grower, just Issued. Is a cred itable publication. It contains the usual reliable statistics of California fruit pro duction, etc., besides a number of special articles of Interest to fruitgrowers and the trade in general. Bank Clearing. Bank clearings of the Northwestern cities yesterday were as follows: fleartngs. Balances. Portland $l.;.M)..-.,rt $l42.oos Seattle 2,:i!'2..V 232,314 Tacoma 670,34 33.7X3 Spoaane 6H2.153 124,092 PORTLAND MARKETS. Maple Groceries. SALMON Columbia River, one - pound tails. $2.25 per dosen; half-pound flats. $1.40: one-pound flats. $2.4.1: Alaska pink, one-pound tails, 85c; sllversides. one-pound tails. $1.2.1. COFFEE Roasted, In drums. 24040c per pound. HONEY Choice. $3.2303.75 per case. NUTS Walnuts. ISc per pound: Brazil nuts. 12H615c; filberts. 14ftl3c; almonds. Isc; per.nuts. 3"9Sc; cocoanuts, POcl.OO per dozen; chestnuts, lie per pound; hick- PRIG SHOULD RISE ory nuts, 6610c; pecans, 17c; pine, 1714'J"c. BEANS Small white. 6.40c; large white. 453c: Lima. 6c; pink, 4.70c; Mexicans, 6c: bavou. 4.05c SUGAR Fruit and berry. S.V7S; Honolulu plantation, $5.70; beet. $3.5.; extra C, ". powdered, barrels, $0; cube, barrels, $6.10. SALT Granulated, 114 per ton: half ground 100s. (10 per ton; 60s, $10.75 per ton; dairy $12.50 per ton. KICK No. 1 Japan. 6?' 5 He: cheaper grades, 4fec: Southern head. 56c DRIED FRUITS Apples, 10c per pound; apricots, 12jl4c; peaches. S&llc: prunes. Italians. Si 10c; silver. Isc; figs, white and black, C4ti7c; currants, OSc: raisins, loose Muscatel. 6'4r7-c; bleached. Thompson. II He: unbleached Sultanas. 8Hc; seeded, 7"4Sljc; dates. Persian, 74c per pound: farrt. S 1.6.1 per box. FIGS Twelve 10-ounce, S.'c; 60 6-ounce. fl.SS; 70 4-ounce, $2.25; 30 10-ounce, $2.25; loose. SO-round boxes. 64 7c; Smyrna, boxes, $1.101.25; candled, 1018c. . Vegetables and Emits. FRESH FRUITS Apples, 0Oc$1.5O per box: pears, 7:ci1.50 per box; grapes. $1.00 per box: Malagas. $S per barrel; cranberries. $10,504(12 per barrel ; casabas, $2.ro per dozen. POTATOES Jobbina prices: Burbanks. G0C5c per hundred; sweet potatoes, 34c per pound. TROPICAL. FRUITS Oranges: Navels, $1.75413.00: Florida, $4: Japanese. $1 per bundle; California grapefruit, $3a.ou; tor- Ida grapefruit. $4.25; lemons, $06.50 per box; pineapples, 6c per pouna; pomni su ites. y2 per box; persimmons, si.. per dux tangerines, $2.25 per box. ONIONS Oregon. 80cijt per sack. SACK VEGETABLES Turnips. 75c per sack; carrots. 75c per sack; beets, 75c per sack; parsnips. 75c per sack. VEGETABLES Artichokes. $l 01.25 per dozen: beans. 12c: cabbage, lc per nountt. cauliflower, $2.25 per crate: celery. $3.00 per crate: cucumbers, 506c per aosen, eggplant, 10c pound; head lettuce, $1.50: per crate; pears. 12 He per pound: peppers, 10c ner Dound: radishes. 15 "a 20c per dozen: sprouts. 7c: tomatoes. $1.351.7o per box; garlic 56c per pound; pumpkins, lKc per Grain, Floor, Feed, Etc. WHEAT Track: prices: Club. 79 80c bluestem. S3c; 40-fold, 8081c; red Russian, 77c: valley. SO's'Slc FLOUR Patents. $4.30 per barrel; straights, $3.90: exports. $3.503.60: val ley, $4.30; graham, $4.20; whole wheat. $4.-1(1. BARLEY Feed. $23 per ton; brewing, nominal; rolled, $26.506 27.50 per ton. CORN Whole, $:;G; cracked. $37 per ton. MILLSTUFFS Bran, $22.50 per ton: shorts, $24. 50 per ton; middlings. $30 per ton. HAY Timothy, choice, $17 18; mixed Eastern Oregon timothy. $12015; oat and vetch. $12: alfalfa. $11.50; clover, $10; straw, $6 ft 7. OATS No. 1 white. $25 per ton. NO STOCK IS DECEIVED LET-CP IX BCSIXKSS AT THE XORTII PORTL.1SD TAKIS. Underlying Conditions In the Local Market Are Satisfactory Hog Prospects Better. There were no receipts if any kind at the stockyards yesterday. With the sale of 14 loads of sheen and lambs, received Thursday, the local supply waa entirely cleaned up. The wethers, which averaged about 05 pounds, were sold at the uniform price of $4.82 ft. and the lambs brought, $6.50. The sheep and lamb sales In detail were as follows: Weight. Trice. 274 lambs 67 $6.50 76 lambs T .ao 77 lambs 60 6.50 204 wethers 05 4.82H 204 wethers 5 42u 204 wethers 86 4.82 ft 20.1 wethers 04 4.82 n5 wethers 5 4.82ft 204 wethers 05 4.82 ft 21)4 ethers 05 4.8? ft AH wethers 2 4.82 ft 204 wethers 05 4.82ft 202 wethers 00 4.82 ft 206 wethers 86 4.82 ft Commenting on the conditions at the yards, the Livestock Reporter says: 'As Is usually the case, market excite ment and activity reaches Its height a week previous to Christmas. All the record prices and the extraordinary - features are crowded Into a few days, after which apathy sets in and real trade interest lags until after the holidays are passed. However, Monday's and Tuesday's markets this week proved the exception. Quite a broad busi ness in cattle, sheep and swine was trans acted. The most appreciated Christmas gift to stock shippers In with hogs was the quarter advance In prices Monday. The best tonic the market could have la a let-up In such enormous receipts. If supply does not swamp demand, atronger prices are pos sible. A strong tone ruled ,in the sheep market, although sales were small in num ber." The range of prices at the yards was "as follows: Choice steers $7.OO0$7.23 Good steerr ..Vira' 6.7.1 Medium steers 6.000 6.35 Choice cows 6.00 w B.JO Good cows 5.50tl 5.75 Medium cows 4.50 5.25 Choice calves 7.50 tr 8.75 Good heavy calves 6.00 & 7.00 Bulls 3.00 0 5.50 Stags 6.000 6.00 Hogs Light 7.-50 7.6C U- avy 6.2S0 6.75 Sheep Yearling wethers 4.25 0 5.35 Ewes 8.234JP 4.35 Lambs 6.00(0 6.75 Omaha Livestock Market. SOUTH OMAHA. Neb., Dec. 27. Cattle Receipts. ltioo; market, steady. Native steers. $6.2500.25: native cows and heifers, $.'..756.75; Western steers, $5.50(8.25; Texas steers. $4. .!(& 6.2.1; Texas cows and heifers. $3.500.35; canners, $3.2504.25: stockers and feeders, $4.75t'7.75: calves, $6 08: bulls, stags, etc.. $4,4016.40. Hogs Receipts, 8400; market, 5c lower. Heavy. J7.20H; 7.33; mixed, $7.1507.25: light. $7.106 7.25; pigs, $607; bulk of sales, $7.150 7.25. Sheep Receipts. 2300; market, 10 to 15 cents higher. Yearlings. ?5.7.! 6.7.1: weth ers, 84.4005.23; ewes, $404.85; lambs, $7.50 08.40. HOLIDAY TRADE OP RECORD VOLUME Pacifle Coast One of the Most Favored Sections. NEW YORK. Dec. 27. Bradstreets will say tomorrow: What Is described In most sections of the country as a record holiday trade has crowned a year which has had few equals and fewer superiors In nearly every line of human endeavor. This, of course, refers directly to volume of product or value of output, rather than to margins of profit, which are conceded to have been cut In many lines. Best reports as to holiday and retail trade came from the West, Northwest, most parts of the Southwest and the Pacific Coast. In the Eastern States trade has been good and there are many large cen tera reporting the year-end trade as break ing all records. Less buoyant advices come frem the Southeast of the Mississippi, but here shorter yields are held mainly re sponses. In wholesale trade and industry there has been a quieter tone. As the year clones the feeling is one of cheerful con servatism, because of the fact that three to seven months orders are in nana. The end of the year finds the labor situ ation quiet, as a whole, after a year notable for some big strikes and for many and wlrinsoread wsye advances. Holiday dullness prevails in the New York stoei market, the renewed firmness of money, due to end of tne year require im.ni. also checking speculative activity. A somewhat Improved sentiment is dis played, however. Business failures for the week ending December 28 were 253. against 323 last week - and 304 In tne line weea o 1511. Failures in Canada for the week were 19 In number. Wheat. Including flour, exports from the rrnit.H Ktatra and Canada for the week ending December 26 aggregate 4.950.6S6 bushels, against 6,69 (,o last year ana . 8S5.530 this week last year. r-., .mnrti for the week are 762,365 bushels, against 13.1.555 last week and 1,- 233.735 bushels in iati. Coffee and Sugar. NEW YORK. Dec 27. Coffee futures closed steady at a net decline of 12 to 1U points. Sales, 112,250. December and Jan. uary. 13.25c; February. 13.35c: March. 13.60c: April. 13.73c: May, 13.85c: June. 1300c: July. lS.Ic: August, 14.04c; Septem ber. October and November, 14.12c. Spot coffee easv. No. 7 Rio. 14ftc: No. 4 Santos. lc Mild coffee, quiet. Cordova, ltfi a 18c nominal. , . . Raw sugar steadv. Muscovado, 80 test, S.42c: centrifugal. test. 3.8Sc; molasses. SO test, 3.17c; refined steady. Dried Fruit at New York. NEW YORK, Dec. 27. Evaporated apples quiet. Prunes, nervous over foreign situa tion. Peaches, steady. filEYRnTE SLIPS Funds Offered in Wall Street at One Per Cent. TOUCHES 12 EARLY IN DAY Ont-of-Town Banks Deposit Money for . loaning, Expecting to Get Higher Interest Stock Specu lation Is on a Small Scale. NEW YORK, Dec. 27. Such variations In prices as the stock list revealed at the close of today's business were toi the most part losses, but so far as the Standard stocks were concerned, the movement was slight. It was another day of unusually small business and utter lack of Initiative with speculative interest at the vanishing point. The principal fluctuatirns were among the specialties. Harvester, beet sugar, can and rubber f elsV back from I - to 4 points each. Money rates fluctuated in an erratic way. The opening waa at 10 per cent, from which it was advanced quickly to 12 per cent. Renewals were made at 12 per cent, the highest renewal rate of the year. The rate fell off steadily and during the after noon 7 per cent was quoted. At the same time It was reported that various out-of-town banks, which had deposited funds here for loaning, were holding out for 15 per cent. The demand for accommoda tion, however, was Bmall and toward the close the quotation fell off until offerings were made at 1 per cent. A further cash gain by the banks was In dlcated in forecasts of the weekly state ment. estimates being In the .neighborhood of $4,000,000. It Is expected that tomorrow's statement will reflect a . return of cash withdrawn for Christmas which caused a smaller gain In cash last week than had been Indicated by known movements of money. The bond market was Irregular with some heaviness In convertible issues. Total sales, par value. 31.4S0.O00. United States 2a cou pon advanced ft; the 2s registered and 3s coupon on call. CLOSING STOCK QUOTATIONS, .Reported by J. C. Wilson & Co., Lewis Duiiuing, roruana. Closing Kales. High. low. 15ia. Amal Copper .. 14,700 7 0. 76 76ft Am Beet Sugar.. 8.100 .10 40 47 li American Can . 6.20O SOv, 20 29ft do preferred., l.loo 11.1ft 11.1 114 Am Cur & Fdy.. 100 55 ft. 55ft 55 Am Cotton Oil 55 ft Am Smel ft Ref 1,800 73 ft 72 ft 72 ft do preferred 105 American Sugar. 100 117ft 117 117 do preferred.. 115 Am Tel & Tel.. 700 141 140 141ft do preferred.. 275 Anaconda 1.000 30 30ft 30 Atl Coast Line.. .loo 131ft 1311, 1.11 ft A T ft Santa Fe 20 10.1ft 1 lOSft do preferred. . 100 102 ft 102 ft 102 Bait ft Ohio ... lOO 104 104 104 Brook R Tran.. 2.HM l2ft 02 ft . 02 ft Canadian 1'ac. . 40 200 260 2-lft C ft O 300 70ft 70 78 C ft O W 16 1.1 15 C ft N W 20O 130ft 136ft 133ft C, M ft St Paul. 50lt 112 112 111 Central Leather. 200 29 ft 20 ft 29 Chlno 1,700 44 44ft 44ft Col Fuel ft Iron. 33 ft Col Southern - 31 Consol Gas 140 ft D L ft W 400 581ft 579 ft CM D R G 10 Distillers' Secur 700 21ft 21ft 21ft Erie 1,700 82 ft 31ft 31 Gen Electric ... 600 183 ft 183 183 Gt North Ore 40 ft Gt North Pf 2.5O0 130ft 130ft 130ft Illinois Central.. 300 127 127 126 Interior Met ... 0O 10ft 19 18ft do preferred.. 1,500 64 ft 03ft 3 Lnter Harvester 200 111 111 111 K C Southern.. 200 26 26 26ft Lehigh Valley .. 2.000 107 106ft 306ft Louis A Nash 140 Mexican Central 800 27 ft 27 ft 27 ft M. S P ft S SM 300 140 130 ' 138 Mo. Kan ft Tex. 26 Mo Pacific 3,300 41 40 407 National Lead 51ft Nat Biscuit 123ft N Y Central 107 N Y. Ont ft Wes 31ft Norfolk ft Wost 200 112ft 112ft 112 Northern Pac .. 400 129ft 120ft 120ft Pacific Mall 31 Pacific T ft T 46 ft do preferred ' 07 ft Pennsylvania ... 600 122- - 121 121 People's Gas ... 112ft Reading 9,300 167 167 167 Republic S, ft L 200 26 2 26 Rock Island Co. ion 23 23 23 ft Southern Pac .. 2,300 106 105 105 . Southern Ry ... 500 28 2S 27 Texas Oil 100 100ft 100ft 309 Union Pacific .. 7.000 100ft 159ft 1.19 do preferred.. ...... ..... ..... 01ft Unltcu Rds S F. 36 ft U S Steel 20,300 6ftft ' 67 67 ft do preferred.. 4(o in loflft 100 Utah Copper ... 600 68 58ft 58ft Wsbash , ,. .. 4 do preferred .. 33 ft Western Union . 7.1 Westing Elec .. 100 79 79 70 Wisf onsin Cent 48 Total sales for the day, 127,300 shares. , BONDS. Reported by Overbeck ft Cooke Co., Board of Trade building, Portland. Bid. Amer Tel ft Tel conv 4. 108 ft American Tobacco 4s OS American Tobacco Gs. . .4 . . . . .120 Atchison general 4s V0 Atchison conv 4S 111.1 ft Atchison adj 4s stamped 87 ft Atchison conv 5s l'5ft Atlantic Coast Une cons 4s..-. .105 ft Asked. Ill 97 1116 87 106 306 02 ft 91 ft 07 ft 93 100 09 U.l 96 98 ft 9.1 94 ft 78 ft 87 63 ft 94 SS 07 ft 87 80 S3 8011 08 ft S7 71 87 92 104 ft 97 112 05 ft 98 68 92 83 102 05 102 93 ft 92 ft 78 90 03 9,1 100 ft 101 101 103 102 114 114 67 6,1 05 ft 93 ft 84 01ft OS ft At Coast Line L ft N coif 4s. ni Baltimore ft Ohio 3fts 91 Baltimore ft Ohio 4s 97 Brooklyn Rapid Transit 4s 02ft Can Southern first 5s 01 ft Chesapeake & Ohio 4fts Its ft C B ft i gen mtg 4s 04 C B ft Q Joint 4S 9.1 C B ft Q Ills 4s 98ft C B Q Denver 4s 94 Central Pacific first 4s 04 Chicago ft East Ills 4s 78ft Chicago R I & P ref 4s 80 Chicago R I ft P Col trust 4s. . 6.1 Colorado ft Southern first 4s... 93 Denver ft Rio Grande 4s 87 ft Del ft Hudson conv 4s 07 Erie first cons P L 4s 86 Int Met 4fta 80ft Japanese 4s 82ft Japanese second 4fts SSft Louisville ft Nashville unl 4s... 97ft Mo Kan Tex 4fts 86 Missouri Pacific 4s 70 New Y'ork Central 3fta Srt Now York City 4s 91 New York City 4fts of 1057. ...lo4 Norfolk ft Western 4s 96 ft Norfolk ft Western conv 4s.. ..111ft N Y Ont & W 48 93 Northern Pacific 3s 67 Northern Pacific 3s 67 Oregon Short Line 4s 91 Oregon Ry ft Nav 4s 93ft Penna Ry 4s of 1048.; 101 Reading general 4s 04 Republic of Cuba .la 101 Soutbern pacific first ref 4s... 83 Southern racific col 4s 91ft Southern Railway 4s 77 Union pacific first 4s 98 Union Pacific conv 4s 03 ft Union Pacific ref 4s 05ft United States Steel S F .1st 100 United States 2s registered 100 United States 2j coupon looft United States 3a registered 102ft Uiilted States 3s coupon 102ft United States 4s registered 113 United States 4s coupon ..113 United Railway S F 4s tilt Wabash first 4s 64 Western Union 4fts 94 Westinghouse conv 5s 93 Western Pacific .Is 83 Wisconsin Central 4s 90 ft West Shore 4s W Mocks at Boston. BOSTON. Dec 27, 41 g q Allouez Amalg Copper.. A Z L & Sin... Arizona Com . . B ft C C ft 8 M, Mohawk Nevada Con . . -Nipissing Mines North Butte.... North Lake.... 60 10 ft 9ft 7(1 28 3ft 5ft 33 ft 2ft Cal ft Arizona Cal ft Hecla. . . 70 .530 Old Dominion... ,13ft Oscc.-ila 103 Centennial 17ft ICJulncy 77ft jsiiannon 13 ft Superior 39 !Sun ft Bos Min.. 1ft Cor Ran Con Co 51 E uutte vop ja. i-rj Franklin 8ft Giroux Con .... 3 Granby Con 69 Greene Cananea. 8 I Royalle (Cop) 32 Kerr Lake 2 Lake Copper.... 24 ft La Salle Copper 5 Miami copper... 25ft Tamarack ... . USSR M.. do preferrod.. Utah Con 34 42ft 40 ft 10i Utah Copper Co. 58 Winona 3 Wolverine 69 Money, Exchange, Etc. LONDON, Dec 27. Bar silver steady, 28ftd per ounce. Money, Rft4 Per cent. The rate of discount in the open market for short bills Is 4 15-16 per cent: for three months bills. 4 13-164ft per cent. NEW YORK, Dec 27. Money on call. uns.7tt!ed. li12 per cent: ruling rate, 12; closing bid, 1; offered at 1ft. Time loans, steady: 60 days, 6 per cenf 90 days, 5 per cent; six months, 5ft per cent. . Close: Prime mercantile paper. 6 per cent Sterling exchange e-.sy, with actual busl- ness In bankers' bills at $4.81 for 60-day bills and at 84.848.1 lor demand. Commercial bills, $4.80ft. ' Bar silver, 62c. Mexican dollars. 49c Government bonds, firm; railroad bonds, lrrezular. SAN FRANCTSCO, Dec. 27. Sterling on London Sixty days. $4.80; do, sight, $4-80. Silver bars 62c. " Mexican dollars nominal. Drafts Sight. 2ftc; do, telegraph, 6c. Condition of the Treasury. ' WASHINGTON.- Dee.-27. The - condition of the United States Treasury at the begin ning ot business today was: Working balance ; $ 89,39.437 In hanks and Phlliooine treasury 32.747. 3S1 Total of general fund 142.U3.22J Receints vesterdav 1.476.004 Disbursements 1.7S6.736 Deficit tills fiscal year, $1,011,549. ss against" a deficit of $23..1M.633 last year. The figures for receipts, disbursements and deficit exclude Panama Canal and public debt transactions. . Chicago Dairy Produce. CHICAGO, Dec 27. Butter Easy creameries, 31 34c. Fees Mteadv: receipts. 8766: fresh re ceipts, 21ji24c; refrigerator firsts, 18ft; firsts. 25c Cheese Firm: daisies. 16 17c: twins, 16fttil6ftc; Young Americas.' 1017c; long horns, 16 4 17c - - J OFF HALF-CENT CHICAGO MARKET BREAKS IjATE IV THE DAY, Accumulation of Stocks, Northwest and Bearish Argentine Official Report Start Selling. CHICAGO, Dec. 27. Board of Trade mar kets slumped today, wheat dropping to ftc. Higher cables, based chiefly on prospective- light world's shipments, main tained wheat prices for a while early,, al though yesterday's top was not attained. Later the market broke on the accumula tion of stocks In the Northwest and the Argentine official report showing that this year's crop will exceed that of last year by 28,000,000 bushels. The market for corn was dull and In clined to drag, and the close was at the bottom. While oats were less weak than corn trade was Inactive. Liquidation of January products was the sole feature of the trade in provisions. The leading futures ranged as follows: WHEAT. . Open. High. Low. Close. Dec $ .86 $ .86 .87 -6 May ...... .2ft .92ft .91ft .91 July S9 .80 .88 .88 CORN. Dec 47 .47 .47ft .47 Mar ....... 4Sft .48ft .4Sft .48ft July 49 .49 .47 .49 OATS. Dec 32 .32 .32 .32 J4 May 32 .K2ft .32 .32 July 33ft .33ft . .33 .33 MESS PORK. Jan ..17.95 17.55 17.62H 17.62ft May 18 30 18.27ft 18.00 18.00 LARD. Jan. 9.92 ft 9.02 ft 9.75 9.75 May 9.07 ft 9.07 ft 9.85 9.85 SHORT RIBS. Jan. ...... 9.72 Vi 9.72ft 9.57ft 9.0O May :.M) 9.80 8.05 . .Y4 Grain statistics: Total clearances of wheat and flour were equal to 8 4 7. 000 bushels. Primary receipts were 1,413,000 bushels, compared with 204, 000 bushels the corresponding day a year ago. Estimated receipts for .tomorrow: Wheat, SI car; corn, 700 cars; oats, 319 cars; hogs, 14,000 head. Grains In San Francisco. SAN FRANCISCO, Dec. 27. Spot quota tions: Walla Walla, $1.50 1.52ft; red Rus sian, $1.47ft&1.50; Turkey red. $1.52 ft W 1.55; bluestem, $1.5,1 1.57 ft ; feed barley, $1.35 1.37 ft: brewing. $1.4361.60; white oats, $1. 45V 1.47ft; bran, J22.50&23; mid dlings, $30'&.31; shorts, -$250-25.50. Call board sales: Wheat No trading. Barley December, $1,38: May. $1.SL Minneapolis Grain Market. MINNEAPOLIS. Dec. - 27 Wheat Close: December. 81ftc; May, S54j,83ftc: July. 87i'S7ftc. Cash, No. 1 hard, 83c; No. 1 Northern, 824i-S3c; No. 2 Northern, 80 81c: No. 2 hard, Montana, 82ftc; No. 3 wheat. 7879c. Flax 1.22fal.22. Barley 42 & 00c. European Grain Markets. LONDON". Dec. 27. Cargoes quiet. EnLlish and French country markets, holi day. LIVERPOOL, Dec. 27. Closing: Wheat Spot, steady; futures, firm. December, 7s Sftd; March, 7s 4d; May. 7s 2ftd. Pnget Sound Wheat Markets. SEATTLE, Dec 27. Wheat, bluestem, 63c; fortyfold, 80c; club, 79c; Fife, 78c red Russian, 78 ft c TACOMA. Dee. 27. Wheat, bluestem, 83c; club, 79c; fortyfold, 80c; red Russian, 76ftc SAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City for Vege tables, Fruit, Ete. SAN FRANCISCO. Dec. 27. The"- follow ing produce prices were current here today: Fruit Apples, choice, 60c; common. 40c: Mexican limes. $44.60; California lemons, choice. $5.50; common, $1.50; navel oranges. $1.25B2.50; pineapples. $23.50. Cheese Young America, 16 17c Butter Fancy creamery, 84c Eggs Store, 27c; fancy ranch, 33ftc. Hay Wheat. $23(&34; wheat and oats. $2122.50; alialfa, $12.5015; barley, $170 19. Potatoes Oregon Burbanks, nominal; Sa linas Burbanks, $1.1001.25; sweets, $1.83 8 2.00. Vegetables Cucumbers. $1.5001.75; garlic, 2fi3c; green peas. 4Sc; string beans, 3il0c; tomatoes, 60cS$l; eggplant, 45c; onions, 3.i45c. Receipts Flour, 4140 quarter sacks; wheat, 615 centals: barley, 20,095 centals; oats, 035 centals: potatoes. 4-15 sacks; mid dlings, 10 sacks: hay, 70 tons, Naval Stores. SAVANNAH. Ga., Dec 27. Turpentine firm, 37 c Sales, 151 barrels; receipts, 390 barrels; shipments, 364 barrels; stock, 35, 6O0 barrels. Rosin firm. Sales, 1500 pounds; receipts. 2500 pounds; shipments, 1400 pounds; stock. 152.300 pounds. Quote: A, B, C, D. $5.5.1p5.63; F. $5.65; G, H. $5.70; I, $5.75; K. $6.35; M, $7; N, $7.25; WG, $7.3?;: WW. 87.4B The street pavement is a most important factor in the up building of cities. BARBER ASPHALT has, in every progres sive city through out the country, and under the most ex acting tests, demon strated its durability and economy. 1EW RECORDS MADE Expansion in Exports Exceeds Best Previous Returns. , BANK CLEARINGS GAINING Enormous Retail Holiday Trade Has Favorable Effect on Wholesale and Industrial Lines-r-Rail-road Earnings Increasing. NEW YORK. Dec 27. R. G. Dun ft Co.'s review will say tomorrow: The notable development at the close of the year Is the tremendous expansion in exports, which are breaking previous records, the movement from the Port of New York for the last week amounting to $26.376.000 $4,136,000 larger than In 1911. There is some slowing down of domestic operations in the closing weeks of the year, as is usual, yet the current statistics of business continue almost as noteworthy as those of foreign commerce. Bank clearings (about the best measure of activity available) increased this week 11.9 per cent, as compared with 1911, and railroad gross earnings for the fiscal half of December gained 3.8 per cent. Retail holiday trade was of imposing pro portions, and this had a favorable effect on wholesale trade and on Industrial lines. In the Iron and steel trade the chief feature Is the continued heavy purchases by the railroads. There are shorter holiday suspensions of work this year than Is usual, owing to the Insistence of demand. The grain and cotton markets show con tinued large domestic movement and ex ports. Interest In the financial markets still Is keen as to the result ot the Balkan peace negotiations In London, but a holiday quiet ness generally prevalla Bank Clearings. NEW YORK, Dec. 27. Bradstreet's bank clearings report for the week ending Decem ber 26, shows an aggregate of $2,926,382,000 as against $3,717,685,000 last week, and $2, 601,315,000 In the corresponding week last year. P.C. Inc. New York $.675,604,000 1.1.7 Chicago 2H8.0U3.000 11.9 Boston 133.638.00 3.1 Philadelphia I42.70o.ooo u.7 St. Louis 72,274.000 10.5 Kansas City B1.115.VOO 31.3 Pittsburg 54.473,000 16.8 San Francisco 44.52.1,000 17.S Baltimore 34.479.00O 18.6 Cincinnati 2.1,072,000 17.7 Minneapolis '-', Hif.wm .'i. New Orleans 19.S72.000 3.0 Cleveland , 20.840, 000 0.2 Detroit i.4n,uw u.. Anireles 20.523.000 2.1.2 Omaha 14.52.1.000 18.7 Milwaukee 12.519,000 16.4 Louisville j.',!a,uou .u Atlanta 15.267.fMMl S.7 Portland, Or 0,820,000 25.8 Seattle -lo,472.oio a.o St. Paul H.SlI.l.OW - 2.1 Buffalo iMKtt.uuu Denver R.H74.1MMI 2.u Indianapolis i.im.wiu ii.o providence .rMo.vwu Richmond 7.603,000 '14., Washington. D C 6.637.000 4.2 Memphis 9.177.000 27.7 St. Joseph ' 15.o61.00O 7.3 Salt Lake city .i.mwu.uvju - o.o Fort Worth 7.864,000 '-!!.8 Albany a-ii-i.'"" - Columbu iti Savannah 6.6,2,000 13.7 Toledo 4.ii.000 1.1.5 Nashville " ..' X S . Hartford 3.879,000 7.5 Spokane, Wash 4,711.000 . . Tacoma s.mj.ihiu -j.u DulUth n...v..vuv Oakland. Cal 2,it.4. TO j.o San Diego. Cal 2.342.0 00 2.0 Sacramento, cat ......... f-1'1-"" r.:. Helena 1- '"" L Stockton. Cal Boise. Idaho 716,000 18 6 Ogden. Utah j4,uuu io.o Decrease. - - - - GOOD WOOLS HELD AT FIRM PRICES Only Shading Is Done to Clean Up Odd and Ends. BOSTON. Dec. 27. The Commercial Bul letin will say of the wool market tomorrow: A very limited quantity of business has been transacted in the Boston wool market during the week, and that consisted very largely of odds and ends of stock, on which prices were possibly shaded fractionally to inH,iM, r,ui,.w cipnn-uos. rather than because of any loss In the Intrinsic value ot the wool. GOOd WOOiS Of Staple cnmw;ici ma at firm quotations and dealers have no hesi tation In turning down low offers without a second thought. Stocks of wools here are very light. Wool at. St. Louis. ritory and Western mediums. 21fc25c; fine mediums, lSfiOc; fine, 13 j 17c Hope at New York. NEW YORK. Dec. 27. Hops Dull. ITULITHIC gives horses a chance to keep their feet these wet mornings. TKAVKl.EK' ;CIIK. When you go but. Lin year stop oft -t SAN FRANCISCO the Exposition City. From there take a balmy and invigorating sea trip to Los Angeles $8.35 ROUND TRIP 115.70 San Diego $10.00 BOUND TRIP $18.00 A short ocean voyage will brace you up mentally and physically after a long, dusty land journey. Take either the Yale or Harvard They are swift, silent, safe and offer all the conveniences of a first-class hotel. For folders and reservations, apply to PACIFIC NAVIGATION CO, 6S0 Market St, 66 Market St, San Francisco, Cal. Local Agentr FRANK BOLLAAI. 128 3d St., Portland. Main 628 A 4506 Foreign Collections Collections on all points in South America a spe ciadty of our Foreign Exchange Department. lumbermens National bank Cor. 'Fifth and Stark RESOURCES 6 MILLIONS The business building service of this bank includes, among other things: Credit .Advice, Discounts and the safe and profitable hand ling your funds. First National Bank Capital $1,500,000 Surplus 900,000 Oldest National Bank West of the Rocky Mountains L ADD & 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. OFFICEHS. V7. M. Ladd, President. Robert S. Howard. Asst. Cashleft Edward Cookingham, Vioe-Pres. J. W. Ladd, Asst. Cashier. W. H. Duockley. Cashier. Walter il. Cook. Asst. Cashier. TRANS-ATLANTIC LINES AMERICAN LINE N. Y. Plymouth Cherbourg Southampton Atlantic Transport Line New York London Direct RED STAR -LINE N. Y. Dover Antwerp UHI 17 STAD rifWIVlftM PORTLAND, ME. Canada .. Dominion Jan. 18 Fb. l WINTER RIVIERA -ITALY-EGYPT Via Madeira. Gibraltar, Algiers. Monaco. " ADRIATIC " "CEDRIC" The Largest Mediterranean Steamera JAN. 7. JAN. tU FEB. 18, MAR. 4 BOOK NW FOR JANUARY CRUISES "Adratx" Jan. 7 "Cedric"Jan 21 I "LAURENTIC" JAN .8 COMl'AT8 OFFICE, 619 SKCON'U AVE., MAIV FIXOK, REAR, SEATTLE. Or Local Hallway and Rteamnhlp Afrent. CUNARD Cruises v C&r t KrDlMmMt" Jan. IS "CARON1A" Jan. 30, Mar. 15 'A T A. T STOPOVERS PERMITTED A LA CARTS WITHOUT CHARGB EXPRESS SAILING JAN. 4th Monaco Naples Alexandria : For Particulars apply to THE CUNARD S. S. CO. Lid- II Slate OR LOCAL AGENTS. TRAVELERS' GUIDE. San Francisco, Ls Angel ss and San Diego Direct S. S. Boanoke and S. S. Elder. tall Kvery Wednesday Allcraatvi t NORTH PACIFIC S. S. CG. 122 A 'lairti si. fsiisn Ataia 131t, A 131k COOS BAY LINE 6TBAMER BREAKWATER alls from Alnsnortb dock. Portland, at A. M. December t. and thereafter eisi -Tuesday evening at S P. M. Freight r celved dally except Tuesdays up to 5 P. a . Tuesdsys up to 8 P. M. Passenger tai a first-class. S10; second class. IT. Includu.i berth and meals. Ticket office at Alas worth dock. The Portland Coos Bay ss Line: L. H. Keating. Agent. EXPRESS STEAMERS FOR San FranrlMTO nnd Los Angeles WITHOUT CHANGE S. S. BEAVER sails 4 P. M. December 81. THE SAN FRANCISCO PORTLAND 8. & CO., Ticket Office 138 Third Street. Phone Main 2G03, A 2569. UNITED STATES NATIONAL BANK Surplus and Capital, $2,000,000 THIRD AND OAK STS. WHITE STAR LINE New York Queenstown Liverpool N. Y.-Plymooth - Cherbourg- Sonthamptoa MEDITERRANEAN CRUISiS Boston Mediterranean Italy Canoplc Canoplo .Feb. 1 .March 15 TO lJVKlOOL I Canada Teutonlo ... Fsb.'ll ... starch 1 CRUISES PANAMA CANAL West Indies South America " LAUREN7IC " "MEGANTIC" Two Largest, Newest snd Finest In the Trade. 3y. . JAX. 2. nCB. 8, FEB 2 2H ana 2a Days. 1?& and Upward. Unsurpassed Luxury and Comfort jw. Madeim. Gibraltar. Alglera, Momaeo, "LACONLV Jan. V SL, N. Y. TRAVELERS' GUIDE. I.srgort. Fastent and Finest Stenm"rs on the F.aat and West Coasts of So. America For illustrated literature apply to The Royal Mnll Steam Packet Co." The ParlfliT .Si ram Navigation Co. Dorsey Smith, 1 Fifth St.. Portland. or any other S. S. Agent. AUSTRALIA AND NEW ZEALAND (Union Line of N. Z.) 6YDNEY VIA TAHITI AND WELLINGTON Direct through steamers, sailing from San Francisco Jan. 8. Feb. 8, and every 28 days. The line to the Isles at the South Seas, For reservations see Coupon Railroad Agents or address Hind, Rolph A Co.. gen. '-ral agents. 679 Mark.t St.. San Franclaca J.C.WILSON&CO. STOCKS, BONDS. GRAIN AND COTTON MEMBERS NEW YORK STOCK EXCHANGE. NEW YORK COTTON E.VCHA.(.b, CHICAGO BOARD OF TKAOB, THIS STOCK AND BOND UXHAftGE. SAN FRANCISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street Phones Marshall 4120, A 4187.