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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 4, 1913)
13 TI1JS MOKMXJ OEEGOXIAX, SATURDAY, JANUARY 4, 1913. 15 BIG TRADE IN SIGHT First Half of Year Certain to Be Prosperous. LARGE ORDERS BOOKED In Some Lines Contracts Run Up to the Fall Months Good Outlook for Conking CropsTariff Ques tion Is the Only Uncertainty. Reviewing the satisfactory trade condi tions In the pact year and predicting better results In 1913 Bradstreefs annual review mays i "Favorable conditions are in the majority the new year opens. Easily first in this category are basic crop results, which tend to eatert a steadily widening Influence as they pass Into human and animal consump tion. To an extent probably never before exceeded, the crops have been gathered, housed or marketed in good condition, and cheaper food, which lies at the base of all industrial effort, seems likely to be one beneficial feature. As to further crops, it may be said that the Winter wheat crop tarts out with a better condition though with a smaller area than a year ago. "Orders now on the books of manufactur ers and wholesalers arc sufficient to keep most lines busy until Spring arrives. In lines where bookings run beyond the Spring and up to the Fall, as In Iron and steel and some lines of textiles, raw material prices abroad as well as at home render sharp changes in manufacturing costs unlikely. .A stive employment for all able or willing to work is not the least important founda tion for future good consumptive demand. Conservatism bred of past years of strain has made for cautious buying, and nowhere are burdensome stocks pressing for sale, while activity In trade abroad, with high prices prevailing, precludes dumping of sur plus foreign goods coincident with the con fidently expected revision of the tariff. "It seems to be the consensus that this latter operation should be pushed rapidly to a conclusion in order that the period o: uncertainty shall be limited, and the call lng of an extra session for early in April will be in line with this desire. Pending action on this matter, business operations will probably continue to be governed by conservatism, but not by pessimism. "A volume of business ample enough to allow of fair margins of profit seems within sight for the first half of this year, and beyond this conservative financial, com mnrclnl and manufacturing Interests will hesitate to operate extensively until some thing definite can be known of the ultimate crop resu Its of 1913. 'The statistical story of 1012 Is told by Bradstreets as follows: A g ricult ural Yields. Change Yields from 11U. 1!12. Inc. Corn, bushels 3.IlM.746.000 2.1.4 Winter wheat, bushels L'S9, 9 13.000 7.1 Spring wheat, bushels 330.34 S. 000 73.2 Total wheat, bushels.. 73O.27.0O0 17.5 Oats, bushels 1.41s,337.0M) 53.8 Harley, bushels 223.S24.000 39.3 Rye. bushels 35.6ti4,O00 7.6 Buckwheat, bushels .. 19. 249.000 9.7 Total six cereals ... 5,."52.0S7.000 2!.5 Flaxneetl, bushels 2S.073.O0O 44.9 Potatoes, bushels 420.ti47.000 43. S Hay. tons 72.6H1.00O 32.3 Tobacco, pounds 9t2.$o5.000 6.3 Rice, bushels 2.1.054,000 9.2 Cotton, i-alcs 14.5(10,(100 in.l Sugar, tons 1,835,000 3.7 Decrease. Agricultural Valves. Change from 19 11. Value, 1J12. 1.520,454.000 323,572.000 231.7OK.0ii0 r.55. 20.000 4, ".2.4;'..0OO 112.itri7.00O 2 3.tt3li.O0O 12.720,000 2.677.516.000 32.202,000 212.550. 000 5. -fi.!S.0OO 1O4.03.0OO 23,423.000 9ti0.on0.U00 Corn Winter wheat spring wheat . Total wheat . Oats Barley ltvc Buckwheat Total six cei Flaxseed Potatoes Hay Tobacco Jilce Cotton ... 14.6 41.3 9 1 1 8.S 41.1 .l -9 8.7 9.0 9.1 2S.1 2.4 Total above $ 4,S66.449,0OG Finance and Industry. Change from 19 II. 1912 Inc. Hmnk clearings $171.S1S.027,774 Imports mdse. (est.) . .$ l.S17.0no.OOO (Exports mdse. est.)..$ 2. 425,000. 000 Total trade, st.) $ 4.242.0o0,00i Circulation Dec. 1 3.337,277.820 Tiutldinir expenditure.. jtno.onn.utiti New York stock sales. 1 33.0OO.O00 New York bond sales.? 672.000.000 2uslnesa f'lurcs. No... 13.S0O Failure liabilities $ 105.000.0 00 Railway built, miles.. 2.007 Ry. receiverships, miles 3.762 It v. forclosurvs, miles. 661 Plpr iron output, tons. 20.S4n.iHit Iron ore shlpm'ts, tons 44.ooo.nAO TI coal prod'et'n, tons 540,000. ooo Anthracite ship'ts. tons 64, ooo. ooo Labor strikers 415,000 9.0 1S.S 15 17 2.0 ti.O 5.5 2. 2 9.5 44.0 52.0 2;s.7 46.0 10. Decrease. 0 GROWERS' MOPS ARK OFFERED Ppeculatur Ask IlijcJaer. -Prices for Their Holding. There was no change to note in the posi tion of th hop market yesterday. There were more buyers than sellers, in fact no growers' hops were offered. Speculators asked higher prices for their holdings. Conditions in the English market are re ported by the Kentish Observer of Decem ber 19 as follows "The demand for English hops has shown a steady increase and is in excess ot what is usual during December. Stocks are begin ning to shrink, and at the turn of the year only a modern to quantity of hops will be left to supply consumers' requirements up to the crop of next season. Continental markets are unaltered. "At Worcester on Saturday some growers were willing to sell, but others prefer to wait for better prices. Medium qualities are getting scarce and command almost as good values as those of the choice hops." TRICES HOLDING IN WHEAT MARKET Former Price Are Quoted Barley and Oats Trade Dull. The wheat market was quiet yesterday and former prices were quoted. There were no cables from the Orient, where the New Year was still being celebrated, nor from Europe. The oats and barley markets were tittll and unchanged. Weekly foreign wheat receipts were follow s: This wk. 1 .-itiO.oon 1 44.000 80,000 .RSt wk. 496.0HQ 21$, 000 60S. 000 I-ast yr. 24 S. OO0 616,000 592.000 Argent inn Australia India . . . Ioca I receipts In cars were reported by the Merchants Exchange as follows: WhcatBarley Flour Oats Hay Monday 97 15 s 0 3 Tuesday 95 :M ti 5 5 Wed.. Thura ... 10o 15 12 8 s Frida "s 9 2 7 4 Year ago 32 .... 10 3 2 Fetson to latl 1 14 39 1 1s7 994 1176 Year ago SI07 276 142S 364 1840 MOHAIR TRICKS ARE HOLDING FIRM Little Doing In Fall Texas In the Eastern Market. There has been little new to be be said locally in the mohair situation this week, a little Fall Texas hair moving on the basis recently quoted of 33 and 57 cents respectively fr.r No. 2 and No. 1 hair, says the Boston Commercial Bulletin. Outside of this Fall hair Uhtp Is very little stock of any kind, domestic or foreign, la the mar ket, and what there is left will doubtless bo cleaned up at full rates. The English market has seen a very little business recently in Turkey hair both in Bradford and In Constantinople, a line of sumo 600 bags or more being reported sold In the latter market for Bradford account. At the Cape little business is reported, with prices firm and unchanged. Demand from the Continent for mohair yarns haa been of moderate proportions only. TOMATOES AKE -COMING FROM MEXICO Crop Is a Large One and Prices WIU Be Reasonable. The season for California tomatoes about over, as frost has damaged the grow. Ing crop. Their place will be taken In few days by Mexican tomatoes. A car is in transit from Los Mochis, Slnoloa, and wl! be here early next week. Mexican tomatoes will be reasonable In price, as the crop la large. The celery market is firm and higher a $3.253.50 a- crate. The best sweet potatoes will be advanced to a cents Monday. Oranges are moving out In a liberal way. The market in California Is very firm. Chickens Are Still Scarce. The scarcity of chickens on Front street continues, but the high prices now quoted are expected to bring in a better supply nex: week. Retailers are doing a good business with turkeys, which keeps stocks in the wholesale district moving. A good demand for eggs and light receipts cause a con tinued firm market on the street. Butter and cheese prices are maintained with a fair demand. Bank Clearing. Hank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland $2,075,417 $277. SI I Seattle 2,4fM,920 Tacoma t 782.705 Spokane 774.753 PORTLAND MARKETS. Grain, Flour, Feed, Etc. 230.660 72.C78 11 4, SOI WHEAT Track prices: Club. 79060c bluestem, B4 s.'c; 40-fold, 81c; red Russian, iSc; vaney, aic. FLOUR Patents, $4.30 per barrel straights. $3.90; exports, S3.503.60; val ley, $4.30; graham, $4.20; whole wheat, $1.40. BARLEY Feed. $22.50023.00 per ton brewing, nominal ; rolled, $25.50 26.50 per ton. COaN" Whole, $27: cracked. $28 per ton. HAT Timothy, choice, $171; mixed Eastern Oregon timothy. $1215; oat and vetch, $12: alfalfa, $11.50; clover. $10 straw, $6'&7. MILLSTUFFS Bran. $22 per ton; shorts. $.'4 per ton; middlings, $.iu per ton. OATS No i white, 25'a 25.50 per ton. Vegetables and Fruits. FRESH FRUITS Apples, 50c$1.50 per box: pears, 75c $1.50 per box; grapes $1.60 ner box: Malagas, $5 per barrel cranberries, $ 10.50 & 12 per barrel ; casabas. $2.50 per dozen. POTATOES Jobbing prices: Burbanks, 5o.oO.0c per hundred; sweet potatoes, ic per pound. TROPICAL FRUITS Oranges: Navels, $2.25(3.00; Florida, $4; Japanese, $1 per bundle: California craoefruit, sa&d.ou; Flor ida grapefruit, $4.25; lemons, $6 6.50 per box ; pineapples, flc per pound : pomegran- ltea, $2 per box; persimmons, L.io per oox tangerines, $2.25 per box. ONIONS Oregon. 90c $l per sack. SACK VEGETABLES Turnips. 75c per sack; carrots, 7,1c per sack; beets. Toe per sack; parsnips, ,uc per sacK. VEGETABLES Artichokes. $101.25 per dozen: beans, 12c; cabbage, ic per pouun; cautiflower. $2.25 per crate; celery, S3. 2 3.50 per crate; cucumbers, 50 60c per doz. ; eggplant, 10c pound; head lettuce, $i.tuj2 per crate: nears. 12'Ac per pourd; peppers, 10c per pound; radishes. 15 20c per dozen; sprouts. 7c; tomatoes. $1.33 1.75 per box; garlic, otf6c per pound. , Dairy and Country Produce. EGGS Fresh locals, candled, 32 c per dozen. CHEESE Triplets, 10c per pound; dais les. lu 14 c ; Young Americas, 20 Vsc per pound. BUTTER Oregon creamery butter, cubes, 37 c per pound ; prints, BS 30c per pound. POULTRY Hons, lr.c: broilers, 15c; tur keys, live. 22 fff 2tfc; dressed, choice, 27 Vsc ducks, nominal; geese. 13c. PORK Fancy. 10&10c per pound. VEAL Fancy. 13 Vs 14c per pound. Staple Groceries. SALMON Columbia River, one - pound tails. $2.2o per dozen; half-pound flats. $1.40: one-pound flats. $2.45: Alaska pink. one-pound tails, S5c; silvcrsides, one-pound talis. $1.25. COFFEE Roasted, in drums, 2440c per pound. HONKY Choice. s;..23&3.75 per case. ' NUTS Walnuts, ISc per pound; Brazil nuts. 12"wloc: filberts. 14 'aloe: aimonus, ISr.; peanuts. 5(f?tf,,rc; cocoanuts, 00c1.00 per dozen ; chestnuts, 11c per pound; hick orv mils, 0(0- 10c; pecans, 17c; pine. 17 t&anc. BEANS Small white. 5.40c: large white, 4;g5c; Lima. HBc: pink, 4.70c; Mexicans. Be; havou. 4.65c. SUGAR Fruit and berry. $5.75; Honolulu plantation, $5.70; beet. $5.55: extra C, $a.zo: powdered, barrets, $tj ; cube, barrels, $6. 10. SALT Granulated, $14 per ton; half- ground lOUs, $10 per ton; 50s, $10.75 per ton; dairy $12.50 per ton. RICE No. 1 Japan, 5U5Hc; cheaper grades. 4 fcc; Southern head, o (jyec. DRIED FRUITS Apples, 10c per pound; apricots 12fc' 14c; peaches. $(n lie; prunes, Italtavs, S3 10c; silver, ISc: figs, white and black, 647c; currants, Oc; raisins, loose Muscatel. "ifif74c: bleached. Thompson, 1114c; unbleached Sultanas, 8Vc seeded 7-8V;c: dates, Persian, 7c per pound; fard, $1.65 per box. FIGS Twelve 10-ounce, S5c; 50 6-ounce, $1.85: 70 4-ounce, $2.25; 30 10-ounce. $2.25; loose. AO-pound boxes. 6Vi Si" 7c; Smyrna, boxes, $1.101.25; candled, 16(tf ISc, Provisions. HAMS AU sizes, . 184319c; picnics, 13c: skinned. 18c; boiled. 27c. BACON Fancy, 27(&2Sc; choice, 2023a LA RD In tierces, choice, 14 c ; com pound. OHc DRY SALT MEATS Regular short clears. l3H15c; short clear backs, 12 to 10 ids., l.'iJi&15e; short clear backs. IS to 25 lbs. 13(11 15e: exports, 14c: plates. 10llc BARRELED BEEF Extra mess beef, $14: mess beef, $13; extra plate beef, $17.50; plate beef. $17.50; rolled boneless beet, $JU. BARRELED PORK Best pig pork, $23; brisket pickled pork, $23. Hops. Wool and Hides. HOPS 1912 crop, prime and choice, 18Q 20c per pound. MOHAIR Choice. 32c per pound. PELTS Dry, 13 14c; butcher, $1 135; short wool, 7 lOc. WOOL Eastern Oregon, 14 ISc per pound, according to shrinkage; alley. 21 (Of 22 He per pound. HIDES Salted hides, 12c per pound, salted calf, 18c; salted kip. 13&14c; green hides. 11c; dry hides, 22j23c; dry calf. No. 1. 25c; No. 2, 20c; salted bulls. Sc. CASCARA Perpound, 4H4c; car lots. 40 5c. Unseed Oil and Turpentine. LINSEED OIL. Raw, barrels, 50c; boiled, barrels. 52c; raw, cases, &5c; boiled, cases, 57c. OIL MEAL Carloads, $37.50 per ton; less TURPENTINE Barrels. 54 He; cases, 57c. than carloads. $10 per ton. THE SUPPLY OF WOOL IS VERY SMALL Storks in the Country Are 35,000,000 Pounds LftM Than a Year Ago. BOSTON. Jan. 3. The Commercial Bul letin will say of the wool market tomorrow: Our annual canvass of the country shows that the total supply of all kinds of wool, foretcn and domestic In dealers hands and unsold on January 1 Is KI.4tt0,355 pounds, of which t0.45.sts pounds is domestic and the balanre, 1 7.002.537 pounds, foreign. Thesw figures show a total decrease of over :;..ooo.uo pounds. as compared with the total supplies on hand January 1. 1012. Domestic wool, which on that date was com puted at 1U6.12S, Ot'O pounds, has shown a decrease of nearly 40.0oO.000 pounds as com pared with the last year, while foreign wool has snown an increase ror tne country at large of 4.517,720 pounds. The Boston wool lraae Association s com putation shows a total of 4:t.S4D.S55 pounds n hand in Boston, or wnicn domestic Is 1.022.31S pounds, or approximately one-half of that In dealers ownership last year. For eign wools have shown an increase or near ly 4.000.000 pounds, being computed at 10. 027.537 pounds. These figures bear out the contention that stocks in Boston and in the country at la r ire are phenomenally light. This Is also true of the stocks held In growers' or deal ers' hands throughout the world. Wool at St- Louis. T. LOUIS. Jan. 3. Wool, steady. Terri tory andN western mediums, ltj 2c; One medium. Iife20c; nne. ii.e. Duluth Flax Market. Dl'LUTH. Jan. 3. Close: Linseed on track and to arrive, $1.244; January, $1-24 4. The latest health fad of English women is to wear their hair unconfined. YEAH OPENS BRIGHT Gains and Advantages of 1912 Are Taken Over. CONTINUANCE IS ASSURED Satisfactory Trade Reports From All the Leading Cities Optimistic Spirit Prevails Unexampled Retail Holiday Business. NEW TORK, Jan. 3. Dun', review will say tomorrow: The new year opens with all the gains and advantages achieved during the last nair ot iui2. The new year takes over from the old the increased agricultural wealth from the big crops, the great activity in the largest In dustries, the augmented confidence In all branches of domestic trade, the record- breaking- foreign commerce and the lull em ployment of labor at high wages, insuring large buying power. "With this legacy from 1912. the maintenance of a satisfactory volume of business apparently is assured. Bank clearings during 1912 increased 9.8 per cent over lull. Railroad traffic, more over, is very heavy. In the cotton and wool trades the out look is an encouraging one. From all the leading cities, both east and west the end of the year advices are satisfactory In most of the material points and generally an optimistic spirit prevails. RECORD HOLIDAY TRADE AT RETAIL Confidence in the Future Is In Evidence. Money in Good Demand. NEW YORK. Jan. 3. Bradstreefs to morrow will say: After traveling at a brisk rate, business had slowed down, though less so than usual at this season. Confidence in the future Is in evidence. Retail dealera enjoyed an unexampled hol iday trade. In a host of industries, con sumption bids fair to overtop production for some time, and the iron and steel industry probably never entered on a new 12 month under more auspicious circumstancesL Money is in good demand and rates re main firm, but signs lead to the belief that more comfortable rates are not a long way off. Business failures for the week ending Jan uary 2 were 2St7. agalns-. 349 in the same week of 1912. There were 24 failures in Canada during the week. Wheat, Including flour, Exports for the week ending January 2 aggregate 4,696,618 bushels, against 3,291,617 bushels this week last year. Corn exports for the week are 1.362.606 bushels, against 762,363 bushels last week and 1,026,721 bushels In 1912. Brandstreet's Bank Clearings. NEW TORK. Jan. 3. Bradstreet bank clearing's report for the week ending Janu ary 2 shows an aggregate of $3,058,300,000, as against J2.926.3S2.0O0 last week and $3.- 407.U15.000 in the corresponding week last year. Pet. Dec. ,7.19.421.000 12.4 2SS.313.000 "2.6 1.15,114.1100 30.7 161.S73.000 S.O 80.50S.0O0 3.9 41I.4S8.000 6.4 52.804,000 4.7 46.572.000 5.9 33. 134.0110 4.8 26.000. 000 8.3 2.-..340.000 24.6 21.1. -.1.000 18.3 2a.866.000 4.1 19,147.000 21.134.000 13.t 9.329.000 62.9 13.414.000 13.9 12.674.000 6.9 12.043.0OO 12.3 9.222,000 1.0 10,474.000 8.8 12.775.000 '47.1 11,153.000 9.9 8.756.000 "4.0 7. 661), Ooo 13.7 8.327.000 14.2 6.410.000 48.1 6.417,000 20.7 S.802.000 8.2 5.860.000 16.1 6.071.000 22.2 6.152.000 9.0 5. 377. Ooo 20.4 6.073.OOO 13.1 0.713.00O 4.690.0ltO 10.9 fi.2S0.000 10.1 4.720.0O0 8.1 4.1SS.0O0 7.4 3.215.000 13.6 3.552.000 60.3 3,271.000 29.1 1.468.000 8.5 1.060.000 31.6 681.000 9.6 646,000 20.3 614,000 3.3 New York Chicago Boston Philadelphia St. Louis Kansas City Pittsburg San Francisco Baltimore Cincinnati Minneapolis New Orleans Cleveland Detroit Los Angeles Omaha Milwaukee Louisville Atlanta Portland. Or. Seattle St. Paul Buffalo Denver Indianapolis Providence Richmond Washington, D. C, .. Memphis St, Joseph Salt Lake City Kort w ortn Albany Columbus Savannah Toledo Nashville Hartford Spokane, Wash. . . raconia Duluth Oakland. Cal Sacramento. Cal. . . . Helena Stockton,' Cal Boise. Idaho Ogden, Utah Increase. BEARS DROP STOCKS XO CAUSE ASSIGNED FOll HE VERSA 1 OP MARKET. Call Loans Easy at 4 1-2 Per Cent Compared With the Rate of 12 Per Cent a Week Aso. NEW YORK. .Tan. 3. Sentiment veered to the bear nlde of the market today, and price went down as decisively as they went up yesterday. Iosxes of I to 2 points were genera!, with cnioin Pacific. Reading, the coppers and Fteet playing a prominent part in tne days decline, no specific cause could be assigned for the sudden change in the aspect of the market, after its display of strength recently. Little business was transacted for London account today, although there was some buy ing on direct cables from the Continent. Passing of the dividend on the common stock of American Beat Sugar caused a violent decline In the issue to 41 H. loss of 6. Western Maryland was again weak. The common dropped 4 points and the preferred J. Texas Company moved against tne marxet, rising rour points. A renewal rate of 4-a per cent for call loans compared favorably with the rate of 12 per cent a week ago, and call funds were placed at lower figures later In the day. Time money also was easier. Bonds were Irregular. Total sales, par value, lmju.uuu. unuea states bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Reported by J. C. Wilscon & Co.. Lewis building, ioruana. Closing Sales. High. 7S low. ijid. Amal Copper . . 23.800 78 1; 78Vi Am Beet Cougar. 39,400 American Can .. .4K) 41 42 30 1154 34 V 105 hi 1 tl i::t 70 do preferred. . 1,204) lift" 1134 100 5f.fc Am Car & Fdy. Am Cotton Oil.. Am Smei 4k Ref. 71 do preferred. . J0U American Sugar. ...... do preferred.. Am Tel & Tel. . 700 340 400 75i Am Tobacco . . . Anaconda 17i ,70ft At! Coast Line. 4H 131 2 l.tlU 131 A T & Santa Fe 1,4 lOfl'4 103 105 do prererrea.. jwi iwni iooh Bait A Ohio ... 700 1057, 3t5 J03 Broofc R Tran.. z.mki HI i POU no Canadian rac. ,of 2ii C & O 1.900 78 78 203 78 lftu C ti W C. M & St Paul 3,300 113 1124 1U'4 do preferred no 140 1.194 Central Leather. 500 29 2 44 "ss" 13 Central of N J.. ..OOO 47. C'oi Kuel & Iron - 4 34 S2 130 440 20 20 31 184 W Col Southern ... lf0 33 Consol Gas 400 140a D L A W t & R a Distillers secur w 20& Erie 1,700 31. General ,iec 600 185 1S5 Gt North Ore . 4( 41 M 41 Gt North pf 3.3041 131 130 132 Illinois central. i j-f Interbor Met is i JK do preierrea. . Inter Harvester. K C Southern. . Lehigh Valley . Louis & Nash. . Mexican Centrat M. S P S S M do preferred.. Mo, Kan & Tex. Mo Pacific National Lead-. Nat Biscuit ... do preferred.. X Y Central ... 4fH 111 HOI- 110 TIN 2; 1.300 18 166 Ifi6 30O 11 141 1- - 27 300 141 141 14 143 100 27 1.300 42 41 41 33 300 128 128 127 123V 1,200 109 108 108 i 300 6o0 100 1.700 300 31 113fe SO 121 H Suhx 31 112 60 121 SO V4 31-4 112 SO 130 30 46 96 122S 113is 166. 25 H 23 105 2b 117H 1591k 91 It 34 67 7, 110 59 1.400 600 S9,7t'0 60O oeo 15,400 400 S. (OOO 23,900 122 Ti 115 168 H 26 2414 103 . 28 US 16114 92 Vi 35 68!4 110 122 114 166 25 V 23 104 28 112 159 91fc 33 67 110 5 400 52,3"0 loo 3.200 13H 74 7S 01 200 73 300 19'i the day. 293, 74 78 200 shares. BONDS. Reported bv Overbeck & Cooke .Co., of Trade building, Portland. . Bid. Asked. Ill Amer Tel & Tel conv 4a loo American Tobacco 4s 96 American Tobacco 6s 12o Atchison general 4s....... 97 Atchison conv 4s 105 Atchison adj 4s stamped ....S7 Atchison conv 5s 105 Atlantic Coast Line cons 4s 95 At Coast Line "L &N coll" 4s. 92 Baltimore & Ohio 3s ou Baltimore & Ohio 4s 97 Brooklvn Rapid Transit 4s 97 Can Southern first 5s 100 Chesapeake & Ohio 4s 100 C B & Q gen mtg 4s 94 C B & Q Joint 4s 93 C B & Q Ills 4s 98 C B & Q Denver 4s 94 Centra! Pacific first 4s 94 Chicago & East Ills 4s Chicago R I & P ret 4s 86 Chicago R I & P Col trust 4s.. 66 Colorado A Southern first 4s... 93 Denver & Rio Grande 4s S7 Del & Hudson conv 4s 96 Erie first cons P L 4s 86 Int Met 4s S07 Japanese 4s 82 Japanese first 4s 90 Japanese second 4s 88 Louisville & Nashville unl 4s... 98 Mo Kan & Tex 4s 86 Missouri Pacific 4s 70 New York central 3s S3 ',4 New York Central L S 3a 78 New York Central 4s 91 New York City 4s of 1957... 104 Norfolk & western 4s 96 Norfolk & Western conv 4s.. ..111 N Y Ont & W 4s 92 Northern Pacific 3s 68 Oregon Short Line 4s 91 Oregon Ry & Nav 4s.... 93 Penna Rv 4s of 1948 101 97 106 8.8 106 95 92 1 97. 97 100 101 05 93 95 95 78 87 6 95 89 97 87 81 83 90 9S ' 87 71 S6 79 92 104 97 113 93 6S 91 93 102 97 101 93 92 m 99 97 97 101 101 101 Vi 103 103 114 114 67 64 Readlner Keneral 4s Republic of Cuba 5s Southern Pacific first ref 4s.. .101 . 93 Southern Pacific col 4s Southern Railway 4s 78 St L S F ref 4s 74 Union Pacific first 4S 99 Union pacific conv 4s 96 Union Pacific ref 4s 96 United States Steel S F 5 101 United States 2s registered 101 United States 2s coupon lol United States 3s registered 10': United States 3s coupon 10 J United States 4a registered 113 United States 4s coupon 113 United Railway S F 4s 66 Wabash first 4s 64 Western Union 4s 95 Stocks at Boston. BOSTON, Jan. K. Closing- quotations: Allouez 41 iMohawk 63 Amalg Copper.. 7S (Nevada Con .... 1H A Z L & Sm... 2 VsiNipleslng Mines. S7i Arizona Com .. North Butte 32 B&CC&SM. 6 jNrth Lake 2 Cal & Arizona.. 7101d Dominion... 53 Cal & Hecla 310 tosceola 103 Centennial IS iQuincy 77 Cop Ran Con Co 32 (Shannon 13 E Butte Cop M. 14iSu:iertor 38 Franklin 8Kup & Bos Min.. 2ii Giroux Con .... 3iTamarack 36 Gran by Con ... 6IU S S H & M... 42 Grene Cananea. 9' do preferred... 49 I Royalle (Cop) AS'.iilTtsh Con 10 Kerr Lake. 25Utah Copper Co. 58 La Salle Copper 5 (Winona 4 Miami Copper... 23 (Wolverine 74 Money, Exchange, Etc. NEW YORK, 'Jan. 3. Money on call, steady. 3G5 per cent; ruling rate, 4; Clos ing bid, 3; offered at 4. Time loans, easier; - 60 days. 5 5 pel cent; 00 days, 5 per cent; six months. 4fft per cent. Close: Prime mercantile paper, 6 per cent. Sterling exchange strong, with actual busi ness In hankers' bills at $4.82 for 60-dai bills and at $4.86 for demand. Commercial bills. S4.S1. ar silver, n'c Mexican dollars. 49c. Government bonds, steady; railroad bondz, irregular. LONDON. Jan. 3. Bar silver, steady, 29 5-10d per ounce; money. 2 3 per cent; rate of discount for short biiis, 4 9-13 &4 per cent; do, three months bills, 4 9-16 (ij.4 per cenL SAN" FRANCISCO, Jan. 3. Silver bars, 63 He. Mexican dollars, nominal. Drafts Sight. 2c: telegraph. 5c. Sterling on London. 60 days, 94.82; do sight, (4-86. Condition of the Treasury. The condition of the United States Treas ury at the beginning of business today was: Working balance S 92.639.979 In banks and Philippine treasury 31, 713, 736 Toial of genera fund 144,332.100 Receipts yesterday 1,673,426 Disbursements 941.767 The dpflcit this flscat year Is $768,279, as against a deficit of $22,792,235 last year. The figures for receipts, disbursements and deficit exclude Panama Canal and public debt transactions. Metal Markets. NEW YORK, Jan. 3. Copper quiet. Stand ard spot to March. 17.12 IV. 37; electrolytic, 17.62 (g 37.87; lake, 17.62 17.87; casting, 17.25& 17.37. Tin quiet. Spot. 50.6030.80; January, 50.30 50.30; February and March, 60.20& 50.30. Lead quiet. 4.25 bid. Spelter o.uiet. 7.207.40. Antimony quiet. Cookson 10.00 10.50. Iron quiet and unchanged. Copper arrivals. 1345 tons ; exports this month, 219 tons. London copper quiet. Spot, 7G 13s 9d: futures, 77, 6s 3d. London tin fir. Spot, 229 Ifls; futures. 220 Cs. London lead, 17 16s 3d. London spelter. 26 5. Iron, Cleveland warrants, 67s Od in London. Coffee and Sugar. NEW YORK, Jan. 3. Coffee future closed barely steady, net 3 7 to 21 points lower. Sales, 72,730 bags. January, 13.05c; February, 33.13c; March. 33.31c; April, 33.47c; May, 13.50c: June. 13.63c; July, 33.75c: August, 13.81c; September, October, November and December, 13.SSc. Spot conV easy. Rio. No. 7. 13i.c: San tos. No. 4, 15c Mild coffee, quiet. Cordova, 16 -if 18c. Raw sugar quiet. Muscovado. 89 test, 3.17 etXZZc; centrifugal, 96 test, 3.67 3. 73c; mo lasses. 89 test, 2.B2 2.98c. Refined, quiet. New York Cotton Market. NEW YORK, Jan. 3. Cotton futures closed barely steady, 3 to 15 points net low er; January, 12.93c; February, 12.68c; March, 12.72c; April, 12.72c; May, 12.72c; June and July. 12.68c; August, 12.55c; September. 11.94c; October, 11.80c. Spot closed quiet. Middling uplands, 14.30c; mid-gulf, 13.55c. Sales, 500 bales. NEW ORLEANS, Jan. 8. Spot cotton, middling, 12 5-16c Chicago Dairy Produce. CHICAGO, Jan. 3. Butter Steady. Creameries, 27 35c. Eg, unsettled. Receipts, 3218 cases; fresh receipts, at mark, cases included. 21 23c; rut rl gerators, ordinary firsts, 17 c ; firsts, Chsse steady. Daisies, 16 17c; twins, 16J6c; Young Americas, 16 17c; long herns. 16 ii 17c Minneapolis Grain Market. MINNEAPOLIS. Jan. 3. Close: Wheat May, 86c; July, 8787c. Cash. No. I hard. 84c; No. 1 Northern. 8283c: to arrive, 82 & 83 c; choice to arrive, $3c; No. 2 Northern. 80"81c; No. 2 hard Montana, 83c; No. 3 wheat, 78 & 79 c. , European Grain Markets. LONDON. Jan. 3. Cargoes on passage, demand Improved. English country markets, quiet; French country markets, holiday. LIVERPOOL, Jan. 3. Closing: "Wheat Spot, steady; futures, steady. March, 7s !d; May. 7s 2d; July. 7s 2L Hops at New York. j NEW YORK. Jan. 3. Hops steady. j N Y, Ont A Wes Norfolk s West. North American Northern Pac . . Pacific Mall .... Pacific T as T . . do preferred.. Pennsylvania ... People's Gas Reading Republic S ft I. Rock Island Co. Southern Pacific Southern Ry . .. Texas Oil Union Pacific . . do preferred. . United Rds S F. U 3 Steel do preferred.. Utah Copper'... Wabash do p3f erred.. Western Union . Westing Elec .. Wisconsin Cent. Total sales for SAN FRANCISCO DIRECT $6 $10 $12 INCLUDING BERTH, Brand New Steel Ship Camino. one of the largest on the Coast. All upper deck staterooms, exceptionally large, with telephones and all modern con veniences. Sails Tuedav 1:30 P. II., January 7. Make reservation at once. - San Francisco, Portland & Frmak Bollam, Agent. 134 Third Street. WHEAT EASES OFF Improved Prospects for the Winter Crop Weaken Market. EARLY GAINS DISAPPEAR La st Prices a t Ch ca go Arc l'n changed lo a Quarter Lower. Heavy World Shipments Are Promised "Receipts Large. CHICAGO. Jan. 3. Improved prospects for the Winter crop eased prices off today in wheat Gains disappeared and the mar ket closed the same as last night to c down. Snow, which fell here profusely fnr a snort time, nau a noticeable eiteci m relieving anxiety as to Fall-sown grain. Huge receipts In all directions, when dis tribution should be well under way. counted somewhat against wheat Promise of heavy world shipments acted also in favor of the bears. Forecasts of unfavorable weather strength ened corn and oats appeared more inclined to follow wheat than corn. Provisions rose on account of lard stocks being light and hog prices higher. The leading futures ranged as follows: "WHEAT. Open. High. Low. Close. May $ .91i .93 .91 J .91 July 89 .89 .89 Sept .88 .88 .88 .88 & CORN. May ...... .48 .IS .48 .48 July 4t .49 .49 .411 Sept 50 .50 .50 .50 OATS. May 32 .33 .32 .32 July 33 .33 .32 .32 Sept. 32 .o2 -32 .32 MESS PORK. Jan 17.50 17.62 17.30 17.60 May 18.00 IS.IO 18.00 18.07 LARD. Jan 9.52ii 0.nt 9.52 9.6.: May 9.72 9.87 9.72 9.S SHORT RIBS. Jan 9.53 9.65 9.55 9.65 May 9.07 9.73 9.67 9.70 Closing cash quotations Corn No.- 2, 46 c; No. 3, 3 white. 46fi47c: No. 8 45($46c; No. yellow, 45 46c; No.. 4, 43 45c; No. 4 white.. 44 A & 46c; No. 4 yellow, 4345c. Flour1 Firm. Rye No. 2. 63tf64c. Barley Feed or mixing, 49i,52c; fair to choice malting, o9(& 68c. Timothy seed $3 (g 3.90. Clover seed $10 18.50. pork Mess. new. $17.50!17.62. .ard (in tierces), $9.67. Short ribs Loose, S9fti.75. Total clearances of wheat and flour were equal to 548.000 bushels; primary receipts were 1.332,000 bushels, compared with 303.- 000 bushels a year ago. Estimated receipts for tomorrow ; Wheat, 82 cars ; corn, 78 6 cars; oats. 265 cars; hogs, 15,000 head. Grains In San Francisco. SAN FRANCISCO. Jan. 3. Spot quota tions:. Walla Walla, $1.47 1.50; red Rus sian, $1.42 (5 1.43 ; Turkey red. $1.55 1.60; bluestem. $1.551.57; feed barley, $1.351.40; brewing. $1.401.45; white oats, $1.45(0-1.47 ; bran. $22.50Ca 23.30; middlings, $30& 31 ; shorts, $25&- 25.50. Call board sales: W'heat, no trading. Bar lev, December, $1.30 bid, $1.34 asked; May, $1.32 bid, $1.35 asked. Puget Sound Wheat Markets. TACOMA, Jan. 3. Wheat Bluestem, 84c ; fortyfold, 8tc; club, 80c; red Russian, 79c. Car receipts, wheat 22, barley 2, corn 1, hay 17. SEATTLE. Jan. 3. Wheat Bluestem, 86c; fortyfold. 82c; club. 81c; Fife, 81c; red Russan, 79c. Yesterday's car receipts, wheat 9, oats 8, barley 4, corn L hay 52, flour 7. Dried Fruit at New York. NEW YORK, Jan. 3. Evaporated apples quiet and easy. Fancy. 7&8c; choice, 6&7c; prime, 5(g6c. Prunes, firm for large sizes. Peaches, quiet anil steady. 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. Bitulithic is scientifically made to do everything that can be asked of paving. MEALS AND BAGGAGE Los Angeles Steamship Co. 4396. BE II The street pavement 11 Funds by Mail, Telegraph or Cable Transferred by our Exehanjro Department to .any port of the civilized world and delivered, if so desired, to home of the payee. LUSV3BERMENS Natsoimal Bank Corner Fifth and Stark. Resources 6 Millions. A strict compliance with the rules and regulations governing National Banks is here backed by a person nel of the highest ability and in tegrity. United States National Bank Surplus and Capital $2,000,000 Third and Oak L ADD Sc 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. tr. jr. Ladd, President. Robert S. Howard. Asst. Cashleb Edward Cookingham, Vice-Pres. J. W. Ladd, Asst. Cashier. W. ti. Dunckley, Cashier. Walter M. Cook. Asst. 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 WHhE STAR-DOMIN Canada Dominion . , Jan. IS I Feb. b. 1 WINTER RIVIERA ITALY EGYPT Via Madeira, Gibraltar, Algiers, Monaco. "ADRIATIC" "CEDRIC" The Largest Mediterranean Steamers. .Ian. 21. FEB. 1ft, MAR. 4. COMfANVS OFTO'8, 619 SECOND A. K. DISNEY, rnenirT Aicent. 619 SM'OMI AVE.. MAIN FLOOR, REAR, .SEATTLE, or Loral Railway and Stearothi Agents. J. C. WILSON & CO. STOCKS. BONDS, GRAIN AND COTTON MEMBERS NEW YORK STOCK EXCHANGE, NEW YORK COTTON KXCiiANUE, CHICAGO BOARD OF TRADE, THIS STOCK AND BOND UXUANGK, SAN FRANCISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street Phones Marshall 4120. A 4187. TRAVELERS' GUIDE. Largest, Fastest and Finest Steamer, on the East and West Coasts of So. America For illustrated literature apply to The Royal Mail Steam Packet Co. The Faclfic bteam Navigation Co. Doraey Smith. 9 Fifth St.. Portland, or any other S. S. Agent. AUSTRALIA AND NEW ZEALAND (Union line of N. Z.) SYDNEY VIA TAHITI AND WELLINGTON Direct through steamers, sailing- from San Francisco. Jan. 8, Feb. 5, and every 28 days. The line to the Isles of the Booth Seas. For reservations see Coupon Railroad Agents or address Hind, Rolph & Co., gen eral aeents. Market St.. San Francisco San Francisco, Los Angeles and San Diego Direct S. S. Roanoke and S. S. Elder. Sail Every Wednesday Alternately at 6 P. M. NORTH PACIFIC S. S. CO. 122 A Third St. Phones Main 1314, A 1314 EXPRESS STEAMERS FOR San Francisco and Lob Angeles WITHOUT CHANGE S. S. BEAR rails 4 P. M. January THE SAX FRANCISCO PORTLAND S. 8. CO., Ticket Office 133 Third Street. Phone Main 2605, A 559. WHITE STAR LINE New York Queenstown Liverpool N. Y.-Plymouth - Cherbourg- Southampton MEDITERRANEAN CRUISES Eoston Mediterranean Italy Canoplc Feb. 1 .March 12 Canopic ON PORTLAND, MK. TO UVDIU'OOL Canada .. Feb. ..March 1 Teutonic CRUISES PANAMA CANAL West Indies South America " LAUR.ENTIC " "MEGANTIC" Two Largest. Newest and Finest In the Trade. JAN. 23. FKB. 8, FKB 22, 2 and 20 imyK. Vii and l pwnrii. AVE., MAIN FLOOR, REAR, SEATTLE. TRAVELERS' GV1UE. SEA TRIP FROM t San Francisco toLos Angeles $8.35. ROUND TRIP 113.70 To San Diego $10.00. BOUND TRIP $18.00 Going South this way will break the mo notony of land travel and will enable you to see the Exposition City. Take either the Yale or Harvard They're the fastest boats flying the American flas; and offer freedom from smoke, noise and dirt. For folders and reservations apply to PACIFIC NAVIGATION CO., , 680 Market St. 60 Market St. San Francisco, Cal. local Aicent. FRANK BO I. LAM, 124 Sd 6t., Portland. Phonos Main 20, A 4506. COOS BAY LINE STEAMER BREAKWATER alls from aids worth dock. Portland, at A m. December I, and thereafter evei Tuesday evening: at 8 P. 3d. FrelcbS r. celved dally except Tuesdays up to 5 P. At Tuesdays up to 3 P. M. Passenger (sis, first-class,' $10; second class. 97. lncludU berth and meals. Ticket office at Alas worth dock. The Portland Coo Bay J Line; L U. Keatins. Aceot. If fi TAKE IHe'"'