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'"'