Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 16, 1913)
XHJ2 MOK.LN(i OKJbXiOJSiA-N. 1HUKSUAY, i JAMUAKI 16, 1913.
WHEAT GOES HIGHER
Bluestem Sells for Better Than
SO Cents in Coast Markets.
ALL GRADES ARE ADVANCED
Conditions Stronger Than Ever Be
fore Knovtn at Tills Time of
Year Snpplies in the Conn
try Are Decreasing.
Conditions In the wheat market ar
stronger than liave been known for a long
time at till.- jx-riod o( the year. The sharp
demand is putting the price up daily, as
seller are orterfnsr sparingly. "With the
farmers practically out of the market, buy
ers find It nccesary to bo to jpeculatlve
holders for surplles. and the latter are ask
ing theh limit, and getting It.
Bluestem is the center of Interest In the
trade, as stocks In the country are dwin
dling and there is keen competition for
what Is available. The general quotation
In blu'stem yesterday was cents, but
galea at a cent better were reported here
and on the t-ound. Club wheat sold on the
baaia of 83 and S34 cents, and 40-fold
brought a cent over this price. There waa
also a- good demand for red wheat.
Millers seem largely r"; otisible fo- the
high prices, as they are continually bidding
up lor bluestem. California buyers and ex
porters are also in the market, and cover
ing operations by shorts are a considerable
factor in the upward course of prices.
Figures that have been compiled of wheat
holdings in the country indicate that only
about 12.000.000 bushels out of the crop
have not been moved, and out of this sup
ply must be taken what is needed for con-
umptlon during the remainder or me sea
son. Stock in farmers' hands are placed
at about 8.000,000 bushels.
The coarse grains continue to exhibit
strength. There were sales of oats yester
day at X27. and for barley 2r..0O was bid.
Loral receipts. In cars, were reported By
the Merchants' Kxchange as follows:
Wheat Barley Flour Oats Hay
MnnHav Ill o 1 - 4
Wednesday .. 21
Year ago .... :t
Kson to dalc.ll.SyS
Year ago .... S.OO.t
UKrTED SIUAR 13 DOWN AGAIN
toast Market In 10 tent Lower and Is
Weak at the Iecllne.
Following additional declines In the East,
all grades of refined sugar in the Coast
markets were reduced 10 cents a hundred
yesterday. The market Is weak at the drop
and further declines are anticipated. Sugar
men attribute the weakness of the market
mainly to the large crops harvested in
Europe. Cuba and the United States, but
they believe prospective tariff revision Is
also a factor. The visible supply of sugar
In the world Is now 3,44(,0li0 tons, as com
pared with S.tW.lfl In 1012. an Increase of
;sn 000 tons, due to the large crops of beets.
An English view of the situation Is given
by the London Produce Markets Review as
"The prospect next Spring of reduced
susar duties In the United States will prob
ably exercise a restraining Influence on the
Cuban planters In the early months of 1013.
but should the present price of beet be
maintained or exceeded there Is the prob
ability of Cuban sugar being shipped to Eu
rope: In the absence, however, of other cane
imports here this would be more welcome
than otherwise to those refiners who use
nns only. Although the demand for raw
sugar Is at the present time very moder
ate, this is more because supplies are short
than for any other reason, the Imports only
amounting to 12,2110 tons, compared with
7;.10S tons In the same period last year.
IIBST CAR OF ONIONS GOES SOUTH
Two Carloads AIm shipped to Honolulu
Some Movement in -oio-'.
A ear of onions was shipped to .Callfor
i .trH:- This is the first car of th
season to go south. There are a number
.f orders on the market and a steady ship
. i fnim nn nn ran he ex
pected. Two carloads of Oregon onions
have also been snipped to xiunoimu, otic
by way of Tacoma and the other by way
of San Francisco.
There are Inquiries from Honolulu for
potatoes, but owing to the lack of a direct
steamer line, shipments cannot do prom
..i.... fr,m Portland. .V few cars
of potatoes are being shipped to California.
The best of these were oougni irora larni
ers at 40 cents.
TOMATOi-S KEC'EIYEU I'1UI MEXICO
All Other Vegetohles Are Source and 1'rice.
A ear of Mexican tomatoes was received
ycMerdjy in good condition and they met
with ready s.ile at 2.2". a crate. Other
vegetables were scarce and all kinds were
firm. Celery has entirely cleaued up. 1 nere
i rnourh Inline on hand to run the street
for the remainder of the week. A car of
seel potatoes was received,
t'rancafc are moving out In a fair way, but
the demand la not brisk, though a scarcity
of the Iiult in the near future is inevitable.
T!e apple trade continues slow.
t.rowrn.' Holdings of Hops, Small.
The lull In the hop market after the ex
cited tsading that marked the tlose of
last week has gUcn tho dealers an oppor
tunity to revise their lists of the unsold
holdings. These show :0 bales left in the
hands of Oregon growers. 1MW bales unsold
in Washington and 13, ."00 bales remaining
in California. The total of 22.S00 bales is
very smsll for this time of Jear. considering
the large crops produced on the Coast in
No Improvement in Egg Trade.
There was no Improvement In the egg
market. Receipts were ample and buyers
held back. Candled Oregons wero generally
quoted at 30 cents.
Poultry was also weak, with a light de
mand. There was a good supply of dreMd
pork, hut the market was steady. Veal
.s scarce and firm.
Butter anil cheese were quoted unchanged.
"Pmk le.irings of the Northwestern cities
jc.tvidjy were as follows: t
(.min. Flour. Feed. Etc
WHKAT Track j.rli-fa: Club, SJUfC.'tc;
hlursit.-m. V 4-folJ, M t MC; Kt-d
Russian, ile; valley, !4c.
n.OI'K Pntenis. $4.:J pr barrel:
Lt..KM. vxpart. $3.80 3.70; val-
lcy. HiO; Kruhttm, $4.40; hol wheat.
1 1 t.
HARI.EY-Ffol, j:;.M) t 14 0 Tcr ton;
brewing, nominal; rolled, fJ5.50626.50 p
fO:;X Whol. $27; cracked. S3S per to a.
HAY Tnnothy. ctioire, ft'"; mixed.
Eastern Orrgon ttmo:hv. f q$ 15; oat anc
-tch. alfalfa. fll.oO; clover. $10;
MILLSTLFFS Fran, f.2 pr ton: horU.
fJ4 pr ton; mi1JMnifa. f-in per too.
OATS No. I wbile. j:ti2 7.
Vesrtablra anil FmiU.
)T.E?H KRITS Apples. OOcff M.SO Pr
Vi-i; pear?, f - v-r box; iciapes. Ern-
pcrorn. J-", per barr-!: Mi'itsir fS per barreL
POTATOES Jobbing prices: Bur thanks,
icr lmiilrl. rv.-t "taiors. .".lc
S CK VKIETAPLES Turnips. 75c p
ck; carrots, ic pr aack; beta, .5e par
aaik; parnip, 73c per sack.
TROriCAl- FRUITS Oranges: Navel.
2.:.t4; Florida, f!: Japanese. $1.25 per
bundle: California srarefrult, ,2.3S.2.:
F'.. rlda grapefruit. 4.23; lemons. I7.0
per box; pineapples, tic per pound; pome
granates. $2 jr box;' persimmons, $1.73 per
box;'tangerines, S2.25 per box.
- OXION'3 Oregon. 1 per sack.
VEGETABLES Artichokes, 11.50 per
dosen; cabbage, 1c per pound; cauliflower.
13 per crate; celery, SS.50 per crate;
cucumbers, 75ci$2 p-r dor.; eggplant, 10c
pound: head lettuce. J2.50 per crate; pep
pers, loc per pound: radishes, 35c per
dozen: sprouts, loe: tomatoes, $2.2j per
box; garlic 56c per pound.
Dairy and Country Prodnce,
KGG.S Fresh locals, candled, 30c per
triplets. IS 19c
BUTTER Oregon creamery butter, cubes.
37-4C per pound; prints, 384 39c per
FOI'LTRT Hens. 1214 S 13c;bro!lers. 12H
1 13c turkeys, live. 20c; dressed, choice, 23c;
ducks. l:t(il4c; geese. 12c.
PORK Fancy, 1010Hc ner pound.
VEAL Fancy, loSrl&c per pound.
SALMON Columbia River, one - pound
talis. 42.23 per dozen; hafT-pound flats,
11.10: one-pound flats, 12.45; Alaska pink,
one-pound talis, S5c; sllversideB, one-pound
talis 1 ''I
COFFEE Roasted, in drums, 24940c
per po ar.a.
HONEY Choice, .1.2S3.T3 per case.
NUT.i Walnuts. ISc per pound; Brazil
nuts, l'iftil.-ic: filberts. 14&15c: almonds.
ISc; peanuts, o&ofec; cocoanuts, 90cLOO
per dozen; chestnuts, 11c per pouna; mem
ory ruts, 6$luc; pecans, 17c; pine.
17 '4 : 20c.
BEANS Small white. 5.40c: large white,
4S5c; Lima, 6Sic; pink, 4.70c; Mexicans.
5c; ba.oc. 4.63a
Sl iUR Fruit and berry, S."i.43: Honolulu
plantation, Sj.40; beet. S5.2."; extra C, $4.93;
powdered, barrels. $3.70; cube, barrels, $3.80.
SALT Granulated. $14 per ton; half
ground 1008, $10 per ton; 30s, $10.73 per
ton; dairy $12.50 per ton.
RICE No. 1 Japan, 55V4c; cheaper
grades. 414c; Southern head, 506c
DRIED FRUITS Apples. 10c per pound;
apricots, 1214o; peaches, 8llc; prunes,
It .Uaus, 88 10c; silver, 18c; figs, white and
black, 67c; currants, 914c: raisins, loose
Muscatel, 614714c; bleached. Thompson.
1114c: unbleached Sultanas, 84c; seeded,
7W8Hc; dates, Persian. 7V4c per pound;
fard. $1.65 per box.
FIGS Twelve 10-ounce, 85c: 50 -ounce.
$1.83; 70 4-ounce, $2.25; SO 10-ounce. $2.23;
loose. 50-pound boxes. 614 97c: Smyrna,
boxes, $1.1-Jgl.25; candled. ie18c,
HAMS All sizes. 1810c: picnics,
13c; skinned. IS 14 c: boiled. 27c.
BACON Fancy. 272Sc; cnotce, zucjuc
LARD In tierces, choice, 14 c; com
pound. 914 c.
DRY SALT MEATS Regular short clears
lCWS ISc; short clear backs. 12 to IS lbs
1314 613c; short clear backs. IS to 25 lbs
1314 fcl3e; exports. 14c; plates, 10llc
BARRELED BEEF Extra mess beef, $14;
mess beef. $13; extra plate beef. $17.50; plats
beef. $17.50: rolled boneless beef, $30.
BARRELED PORK Best pig pork, (23;
brisket pickled pork. $23.
Hops, Wool and Hides.
HOPS 1912 crop, prime and choice, 19
20c per pound; 1913 contracts, 15ft' loc
MUMA1K t-noice, per pounu.
PELTS Dry. liltfUc; butcher, Jl1.15;
short wool. 7 iff 10c.
WOOL Eastern Oregon. 14 18c per
pound, according to shrinkage; Valley, 2114
C 2214e per pound.
HIDES Salted hides. 12c per pound,
salted calf. 18c; salted kip, 13&14C; green
hides, lie; dry hides, 22?23c; dry calf, ao.
1. 25c: No. 2, 20c; salted bulls, 8c
CASCARA Per pound. 4ft 44o; car lots,
Linseed Oil and Turpentine.
LINSEED Oil, Raw, barrels, 50c; boiled,
barrels, 52c; raw, cases, 55c; boiled, cases,
OIL MEAL Carloads, $37.59 per ton; less
than carloads. 40 pr ton.
TURPENTINE Barrels. 5414c; eases. 57c.
GASOLINE; Naphtha, in iron barrels 16c,
in cases 23c; motor gasoline. In Iron barrels
17c, in cases 24c; engine distillate, in iron
barrels S14c. in cases 1514c.
YARD RUN IS SMALL
LOCAL LIVKSTOCK MARKET IS
WITHOUT XEAV FEATURE.
Hogs Do Xot Touch Tuesday's Quo
tation by Dime Cattle and
Sheep Trade Dull.
There was a light supply of stock avail
able at the North Portland yards yesterday
and but little business was put through.
Market conditions were not materially
changed from those of tho preceding: day.
Practically nothing was done in the cattle
division. A continued strong market is ex
pected until grass cattle make their ap
Two loads of hog made up the sales in
the swine department and the best sellers
i-ould set was $7.64.-. which is a dime under
the price paid for top light hogs on Tuesday.
Tho sheep market was dull.
Receipts were: Nine cattle, 234 bogs and
Shippers were E. A. Taylor. Benge, Wash..
1 car of cattle and hogs; Hugh Cummins,
Albany, t car of sheep and hogs: L. V.
tientrv. lleppner, X car of sheep; Mr. Zim
merman, Cclton. 1 car of cattle, sheep and
hogs, and A. B. Oalc, Sheridan, X car of
The day's sales wero as follows:
7". hoes 1SH f7.tf
1 hog "10 7.O0
1 hog 4)m t;..-.o
51' hogs 1; 7.00
5 cows 10."0 7.00
The range of prices at the yards was as
Choice sti-ers - $7,2011 fS.OO
Good steers 7.00 tt 7.310
Medium steers ................. fi.r.o 7.00
l'h-h'e -iws e.-'irtr 7.00
(rtlCd cows b.OO '( 6...I)
Medium cows .l.iHfn .00
Choice calves S.oO'a- V.0v
Good hn y calves ............. 6.503s 7.a0
I.isht T.SOft; 7.70
He;iv 6.00 7.00
Yarltng wethers 5.0ftr S.si;
Ef!. 4. AOt 4.S5
Lambs 6-t0b 0
Kantrrn Livestock 3Iarkel.
eeipts. 4.'.'.'0; market, steady. Native steers,
f rt. 41 r.y . ;o : cows and ; ei f ers. 75 i 7.00 ;
Westei n steers, f 50 &&.."; Texas ste rs.
f 4. 75(1 tt-25: ranne cons and heifers. $3,504?
csnners, f:;.-."i 4.40; stockers and feed
ers. $4.7."f 7.75; calves, JOttf 11 ; bulls, stags.
iv. f I -5
Hokb Rof.-"iPt5. llVOOti: market, steadv.
Heavv. S7. IT ft 7.1:5: mixed. S7.05fti7.15: light.
: h.'.ki 7. 10; pig?, y5.75atj.75; bulk of sales,
J 7ii 7. -0.
'heep Receipts. l70rt; market. steady.
Varllnca CT.T 1.1- -(hrvi ST. ft t
ewes, f 4.50ii 5.10; lJmbs. i$G 9.
. C hlrago IJvertork Market.
CHl'-'AOO, Jan. 1.". Cattle .Receipts, 17,-
000: market, steady to shade lower. Beeves.
f5.'JO?i 0.55; Texas sters. j(!4. 75 ii 5.75; West
ern steers. $3.60i 7--0; stockers and feed
ers. $4.75 i 7.H5; cows and heifers, f2.M
ri; calves. $7.00f 10.5O.
llo Receipts. ;.0,0t0; market, strong to
higher than Tuesdays average. Light.
$ 7. U 7.4o: mixed, f 7.1ti 7.4; heavy, f 7
1"-: roiich, i.H; pigs, f5.b5$i.40;
bulk uf sales. 7.U."1 7.40.
iliofp Receipts, ait.H; market, weak at
Tuesdav"n close. Native. $4.75.(5.30; West
ern. 4.7.ri 6.sr; yearitngs, jti.;.o? .;:
lan.bs. native, ?.7.tfc .2t; Western, f1.tQ
New York Cotton Market.
N K W YORK, Jan. 1 5. Cot t on f u t u res
isfil firm. Closing hi is : Jan uar". 32 6ic ;
February. 12.2ih-; March, l-.5c; April.
V.'.'.',.f : May. J.- J-.c ; j une. j j. nc ; J uiy,
li'.2N': August, li'.MSc; September, 11.5ttc;
October, 11.47c; December, 11. 47c.
NEW ORLEANS. Jan.
15. Spot cotton
steai!;. unrhangad. 124.
SAVANNAH. Jan. 15. Turpentine, firm.
j;n4f ; shIcs. 4o; receipts, ;;,; shipments.
Rostn tirm: sales. 152": receipts. 150O:
shlpm.nts. 4Vi; 3tok 1.M.1"". Quote: A.
B 4. .".:: c. I. V, S3 2-l ii 3.33 : F. 5.33
:. I.".; . 5.r3.43: II. S5.43: 1. 7 3: K.
.".7.V M N. -i.7.-: WO. 7.-1: WW, S7.23.
Wool sit St. Louis.
ST. I.Ol'IS. Jan. 15. Wool. ..teedy. Tr-
ritori- and W'M-m tncmims. -i-.'c, niw
medium?, JS'j2iv; fine, 13il7c.
Chicago Dairy Produce.
CHICAGO. Jan. li. Butter Firm. Cream
eries. 241 134c.
Ksgs i.asy: receipts 3fiil cssas. Fresh
receipts at mark, cases Included. 2023c; re
t rtj,''ti'or tirsts. liH-; flrsis. 2::l5C.
Chees.' steady. Twins. lai Irtuc: Young
Americas, long horns and daisies, Iti4tft i7c
FALL IS CHECKED
Stocks Develop Strength Af
ter Two Days' Weakness.
METALS MAKE GOOD SHOW
Europe Is Heavy Bujer of iSecurtties
In Wall Street Traders on SJiort
Side Take Fright and
NEW YORK, Jan. 13. By comparison
with h twft nrcvious davs of pronounced
weakness, the stock market gave a better
account oZ itself today, but it. nevenneies
cniiiiniioH m roiifct the disordered state or
speculative sentiment. The market was
nervous and irregular with contradictor
tnm-umonta u m on ir varlotis Issues.
Lhigh Valley and Southern pacific
weakest or tne more promiuem issues,
metal shares developed strength.
Various forces operated to cheek the de
itn Tho t.n.itlnn of th Eurooean markets
was a favorable influence, and purchases of
stocks by Kurope were tne Heaviest in vi
time. It was estimated that Europe bought
40,000 to 50.000 shares, London taking
chieflv steel and Union Pacific and Paris
Amalgamated. Traders, with heavy commit
ments on the short side, showed some un
easiness and covering operations were car
ried on extensively, particularly in iue mew
Political consideration again figured prom
inently. All Wall street talked politics today
ana apparently neauway was nwuc lunam
dispelling the nervousness which has been
reflected In the week's dealings.
Bonds weie under slight pressure. Total
sales, par value. Jl,9aT,oou. Manama js au
vanced i on call.
CLOSING STOCK QUOTATIONS.
Reported by J. C. Wilson & Co., Lewis
Sales. High. Low. ilid.
Amal Copper .. 40.7W 7H 71V 7J
Am Beet Sugar. 1,500 35'4 "'j
Aznerlcan Can.. 7,100 27 K -5
do preferred..- MX 114 114
Am Car 4 Fdy.. VMW . aa SI'S
Am Cotton OH.. 1.04M Z'Ki 5-J ;3
Am Smel A Ref tt.aoo 70 Vs 06 H "O
do preferred jy-?
Am Sugar 1.80O 110 1134 11 5
do preferred.. 400 115'4 115 115
Am Tel & Tel., 8.:tOO VM l'i
Am Tobacco ... 2.400 281 278 2.9
Anaconda 4,Min :17 :wU ' ,
Atl Coast Line.. 700 129 1J9 WH
A T & Santa Fa 4.00 104V4 104 Vs 14
Bait & Ohio ... l.OO 105 . l"4i lO
Brook R Trail.. 3.5w 8
Canadian Pac .. u. 24:t 241 H -if
C & O S.IOO 70V4 ".-,4 . S
r x. n xv ...... r.oo lrt4 low iVi
C & N W 40O 1354 1"!4
C. M & St Paul 8.5W 1125s HI 'A WJJ
Central Leather r!.
Central of N J. SOO 3M 300
Chlno 30.5O0 42 41 14 4JH
Col Fuel & Iron 600 32 Jl -1
Col Southern . .' ,- l
Consol Gas ... 900 137 1309 1.T U
D, L & W 43;.
D & R G 20O 21 20 24
Distillers' Secur - iH
Erie 1.500 30H 304 .10 la
Gt North Ore.. 400 ..... ..... - -
Gt North Pf ... 4.400 127 120 12
Interbor Met 300 17 17H 17'4
do preferred.. 2,:.0 00 Vs 0 WW
Inter Harvester 50O 107 100i 10i
KC Southern.. 50O 25 ? ,r;;5
Lehigh Valley.. 16,900 101 3;.9Jfc 1;.9
Louis & Nash.. 700 130 138 1-JJ
M. S P & S S M 300 138 1S
Mo, Kan & Tex 1.100 2 M 2b Ji
Mo Pacific 3.400 4o 40 4 40Vt
National Lead.. o -ij's J
Nat Biscuit ... 400 119 118W 110
N Y Central ... 900 107 100 10
NorEnerrP?-' iis iifW
Pennsylvania ... 1,400 T22i 121) 1J2
People's Gas ... 100 -
Reading. TS.lOO 102 161 12
Republic S I 800 2 2SH 23
Rock Island Co. 5.300 2.1 2' ti -?J
Soatheru P.-.C .. 20.100" lOB 1 t 10.;
Southern Ry .. 2.;"0 2fiJ4
Texas Oil 700 117 14 H Ji-Jf
Union PaclAc .. 38,500 157 15 1'H
do preferred.: 2.70 109 1JJ4
rtah Copper ... 7.200 54 !4 ;
Wabash "; -V'?
Western Union. 1.000 724 71 .1
Westinr Elec .. 2."0O .4 . U
Wisconsin Cent. 800
Total sales for tho day. 4OT.20O shares.
Reported bv overbeck 4 Cooke Co.. Board
of Trade building. Portland. Asked
Amer Tel Tel conv 4s 108 10M
American Tobacco 4s A
American Tobcco (Is ni'ji
Atchison general 4s .SIS in'.i
Atchison conv 4s l4Js lOo'i
Atchison adj 4s stamped J
Atchison conv 5s 104,, IJjt
Atlantic Coast Une cons 4s.... V1V,
At Ooaat Line ". & N coll" 4s. SI i'
Baltimore & Ohio illis 01 a V-
Baltlmore & Ohio 4s..... Wi 4
Brooklyn Rapid Transit 4s S9Vl
fun Southern first ." "!4
r.hc.cru.ukff . Ohio 4JS W-'
t: B Q gen mtg 4s "JJ
r -R &. (i Joint 4S
C B & (i Ills 4s w ....
C B & Q Denver 4s ? ; '4
Central pacific first 4s ! ;
Chicago & East Ills 4s !
Chicago R 1 &P ref 4s Mf
Chicago R I & P Col trust 4s... bK
Denver & Rio Grande 4S Ji. JJJ
Delaware & Hudson conv 4s... !i M
...,nB D I.4..-.. Stt1. l
r-iip ii.ok w... . " - tn,'
Hit Met 4sS. . . .
jMiiunesA first 44.
Japanese second 4Hs...
Louisville & Nashville unl 4s... li I'".,
Mo Kan & Tex 4 "is V ;.','
Missouri Patriflc 4s ; 'z
New York Central JW J",.
NVw York Central L S 3!i I? is 'J
New York I'lty 4s ' ' .r.-i.
New York City 4fes of 19.......1"! lo.jj?
Norfolk & Western 4s
Norfolk & Western conv 4s Ill .
N Y Ont W 4S !-' 4?J
Northern Pacific P L 4s I'SU
Northern Pacific 3s J .
Oregon Short Line 4s "1
Oregon Ry & Nv,4? ,"!;
Penna Ky s or :'":
Philippine Railway 4s !'
Reacting general 4s liiiv
Southern Pacific first ret ... ,
Southern Pacific col 4s ta Vi
Southern Railway 4s i
St L & S F ref 4s '
Union Pacific first 4s s U
Union Pacific conv 4s
Union Pacific ref 4....;
United States Fteel S F 5s 10US 10
United suites 2s registered lo 10 i.
United states 2s coupon 1"! ' "JH
Unite.1 states 3s registered 102";
United states 3s coupon... 12 Vs l'';
United States 4s registered J'"? J!:;
United States 4s coupon li-t3 44H
United Railway S F 4s J'j'.s
I'nlted Railway St L 4s - 7
Wabash first Is '''.
Western Union 4"i - Ji
Westlnghouse conv 3s -'t
Western Pacific 5s.... JS . f 'Jl
West Shore 4s
- Works at Boston.
BOSTON, Jan. 13. Closing quotations
allnues r.H MonawK o
T. . t. i: - . .lit.
E rtutie too ji. .jiii.-. " -
Franklin 7VSup Bos Mln.. 2 4
Granbv Con ... GSi Tamarack
Jreene Cananea. 4:U 8 S R M... M
1 Rovalle (Cop) 27'i' do preferred... 40
Kerr Lake 2 44 Utah Con ...... 101
Lake Copper 20'4 Utah Copper Co. o4
la Salle Copper 45H Winona ........ 3
Miami Copper... 23 Wolverine C6
Money, Exchange, etc.
NEW YORK. Jan. 15. Money on call,
steady 244 3 per cent; ruling rate, 2;
closing bid. 24: offered at 3.
Time loans, nrm; 60 days, 34(64 percent;
90 davs, 44l4; six months 41414.
Prime mercantile paper. 444 &5H percent.
Sterling exchange tins, with actual busi
ness in bankers' hills at s.4.83 for 60-da
bills and at 4.S710 for demand.
Commercial bills, 4.82i4. '
Bsr silver, 3lc
Mexican dollars. 49c
t'lOverutnent bonds, firm: railroad bonus,
. , -1. T 1 1 .
LONLM.. Jan. a'. " 1 0 . j ,
2" 1-tVi per ounce. Money, 3fiSij per cent.
r-1 . .. ,.r rii.M)utit in the open market for
short bills 4'34-l per cent; for three,
months' bills. 4 8-lper cent.
SAN FRANCISCO, Jan. 13 Sterling on
London sixty days,- S4.S34: do, sight.
Silver bars 63Ti. Mexican dollars nominal.
Drafts, sight, .0i: drafts, telegraph, .07.
- Metal Markets.
NEW YORK. Jan. 15. Copper, unsettled.
A Z l, e Pin.!! 27-. Nlpissing Mines." S4
Arizona Com .. S1 North Butte 30V,
B & C C S M. 5 '.North Lake
Cai & Arizona.. 63. Old Dominion... 49'A
Cal Hecla 4W5 Osceola
Centennial J6 A Qulncy .. .2
con cn 47 Shannon ....... it
Standard spot. 13.50aiS.5fc: Jtiuirr to
April. 15.5M& lfi.25c; electrolytic 16.7lJrlc;
, Tin.flrrn. Spot. 51ji51.:5c: January. 50.70
30.Oc: February, id.4Deo0.D0c; Marcn,
Lead, quiet; 4.25 4.35c
Spelter, quiet: 7.23t7.40c.
Antimony, dull; Cookson's. . 75 10c.
Iron, quiet; unchanged.
Copper arrivals. 2:0 tons; exports this
month. 12.956 tons. London copper, easy;
spot. 70 10c; futures. 70 17s 6d. Local ex
change sales tin. 75 tons. London tin.
steady: spot. 2J9; futures. J227. London
leaa, tl. IIS .u. ajjener in uunuv. --
td. Iron, Cleveland warrants, 65s lOlid m
SAX FRANCISCO PRODCCK MARKET
Prices Quoted at the Bay City for Vege
tables, Fruit, Etc.
SAX FRANCISCO. Jan. 14.The follow
ing produce prices were current bere today.
Fruit Apples, choice, 60c; common, 40c:
Mexican limes, nominal; California lemons,
choice. 7; common, :s.50: naval oranges,
$1.2."3; pineapples, $2$4.
Cheese Young America, 1617c.
Butter Fancy creamery. :t4c.
Eggs Store, 22c; fancy ranch, 23VtC .
Hav Wheat. 25; wheat and oats. 21W
24; Hlfalfa. $12.50 13; harley. tlS19.
Potatoes Oregon Burbanks, 85c$1.10;
Salinas Burbanks, 11.S5; sweets. Sl.tfOfflS.
Vegetables Cucumbers. 1.75&2; garlic,
:i3r; green peas. I0'fl71c: string beans,
nominal; tomatoes, G5cSj l; eggplant, -4 (8 ic;
onions. 40ft' tlOc.
Flour Best family extras. $3-40 3.80 net
without discount; bakers' extras, 4.t54 ..20:
superrine. o.90fti4.10: Oregon and Washing
ton family bakers' and patents. J4.70iga.i0
per barrel net cash; Oregon ana wasrcins
ton cut-off. 4.30fe4.73; Dakota. X6.40S7.40;
Kansas. 66.25. '
Sugar and Coffee.
vkw vnnv .t.n 17. Raw sugar, steady.
Muscovado, S9 test. 38c: centrifugal. 96
test. 3.48c: molasses sugar. 89 test, i(jc.
Coffee Rio No. 7, lsc. Futures, stead.
March, 13.47c; May. 13.74c.
Dululh Unseed Market.
DULUTH, Jan. 15. Closing Linseed on
track and to arrive, L2S; January,
1.27s; May. 1.8H4.
HOOD RIVER CITIZENS TO AT
TACK HIGHWAY INJUNCTION".
Commercial Club Takes Vp Matter
Believing Portland Misunder
stands Proposed Route.
HOOD RIVKR, Or., Jan. 15. (Spe
cial.) Hood River citizens will make
an effort to secure the dissolution of
the Injunction prohibiting- further work
on the proposed highway across the
r ... pocorva in tho Rntithwest corner
of this county and leading over la the
headwaters of the Sandy River. The
matter was thoroughly discussed at
last night's meeting of the members
of the Commercial Club. It is thought
.Ko- tho Pftrtlanrf nennle as -a Whole
are resting under a misapprehension as
to the proposed route, wnitu 4s
not to cross the watershed of Bull Run
r i-if nfsaAd tho reserve crranted
to the Portland Water Board, however.
C. J. Green, an engineer, wno maue
a trip across the reserve over the route
.ua nrnnARMi hlerhwav last "Summer
on foot, addressed the meeting and ex
hibited maps to snow just tne course
the road would take and that it would
... 1 4 .Via TJlllI T?im
not lie ax any I'ii c 111 ...c -,-
watershed Mr. Green thinks that the
settlers of townsnip 3 soutn 01 range
1ft A oifTai-lncr (rrpflt llftrdshiDS bO
cause this township is included in the
reserve, when It is not in tne
i.-,i t i- irora in the latter thev
1 ija .....,,.,... (. li 1. 1 nrpmlaps. How
S11UUIU C I' .
ever, on the opposite side of the range
tney wilt never vuumjiuuBic . " '
' vian.r biItbiioi WAro made V V HI P III
bers of the club, all of whom feel that
the road will be of the greatest benefit
to the Hood River Valley. Indeed, they
nAi .Hot T3orttnrl neorjle should
promote its construction: for never has
the city naa such au uijiiw.uuj
a hiirhwiir. and one that will
- . 1 nnhn. tnr tno flnvprnment
UUMl L1IC1 ' ' "
will build the road. Those who traveled
over the route declare it is one i mi
most picturesque in the United States
...ill talftt tho mutter ur
with the state's representatives in Con
gress ana an enun vwn ut iuo
have the townsnip across wmuu m
road will cross released from th
PORTLAND BANKER PLACED
Jolm A. Keating on investment
Bankers' Association Committee.
TiAvranhfo notification has been re
ceived by John A. Keating, irice-presl-
.1 . . 1 11 11 .urn normfiiN .luiiunai
1 . 1 - nf 1. i .niuiintmpnt s a member
e , n a commiTTen on mxuLiu 1 ui 111c
Investment Bankers' Association. The
appointment was made Dy tjeorge n.
Caldwell, president of the association.
...v. n a v iw.nrpmpnr ni lilts vun iiiicti-
tal and Commercial Trust and Savings
Bank or L'nicago.
The committee is composed of five
members, and F. W. Rollins, of the
bond house of E. H. Rollins & Sons,
Boston, is chairman. The committee
is an important one, as taxation of
wnnAa id u nneHtinn that has nroved
hard to deal with, properties covered
by bonds Deing suoject iy fi'ii ait
The Investment Bankers' Association
bears the same relation to Institutions
dealing in bonds as the American
Bankers' Association does to the banks.
It is composed of the large interna
tional banks, such as J. P. Morgan &
Co.. and Kuhn. Loeb & Co., National
banks operating bond departments;
trust companies dealing in bonds and
DAILY CITY STATISTICS
THOMPSON-LOKAN August Thompson,
c!tv. 2fi. and Pearl Lokan. IS.
WHITE-RERGER. Nelson Elliott White,
city. 23. and Ruth Annlo Rerger. 31.
NORTON-JOLYN Thomas M. Norton,
Victor. Mont.. 23. and Mignon Joslyn, 23.
. - iv RAhan William Crane.
citv 20. and Olive Marguerite Duncan, ll.
legal, and Mamie Stephens. IS.
..Trvuincii a ttr.st: .lacoh Schneider.
citV. 2. and Emma Carlson, 27.
GIESEHilLMUtir, uri,iSB j-. m,
5. and Genevieve E. Oilmore. 21.
O'CONNOR-PA TT ON Junius O'Connor,
cltv 44. and Florence Patton, 23.
PACE-HAGER E. A. Pace, city, 31, and
Laura Hager, 19.
GER1N At 508 East Tirenty-fourth
street. January 33, to the tvife of W. J.
Gearln, a son.
BL'RDICK At 955 East Caruthers street,
January 7. to the wife of Le Roy E. Bur
dick a daughter.
SPfRLOCK-At 550 East Flfty-nfth
street. January 0. to the wife of L. A. Spur-
'iWsnER-aT 1331 East Eighteenth
street, January 11, to the wife of C. A. Kess
ner a daughter
DERL'B CH At 12M East Main street,
to the wife of J- L. Derubach, a daughter.
LI VI r. tin I v. - '"j-w ubv
street. January 8. to the wife of Joseph Liv-
LIdLum At 4110 Sixty-second street
southeast. January 4. to the wife of W. F.
Ludlum. a daughter.
EG XN At 546 Commercial street, Decem
ber IS." to the wife of Charles M. Egan, a
toLLOYD At 302 Gresham avenue. January
7 to the wife of A. P. Lloyd, a, daughter.
AKAMVTSL" At 22i Everett street. Jan
uary 5 to the wife of K. Akamatsu. a son.
uar? 8. to the wife of J. E. Patterson, a
JV". ssf.LI At 5S3 Fifth street. January
lO.Vto the wife of II Cassell. a daughter.
t H K 1. M ' " - . ' " - ........
Jrnuary 2. to the wife of C. H. Chrisman,
rrRTIV At 32 East Sixty-sixth street.
nrcember 13, to the wife of J. J. Curtln, a
d8'ALCH At 1S4 East Slxtv-ninth street,
Jmry" 10. to the wife of A. J. "Walch. a
Wheat Again Advances Sharp
ly in Chicago Pit.
BUYING ON LARGE SCALE
Shorts Cover as Market Advances.
Close 1$ Almost at Top Point of
Day Corn. Also Scores
CHICAGO. Jan. 13. Wheat and com
found an active market today, partly in t.tia
last hour, when they advanced a cent and
assisted in boasting' oats and provisions.
The range of wheat was nearly ? cents.
At the opening wheat sold a trifle over
yesterday, but the advance tempted profit
taking and other selling; tinder which May
declined cent. An influence was the
failure of continental markets to reflect an
advance at Liverpool, the mainland being
attentive to a decline of at Buenos
Ayres. At this concession, important buying
developed, aborts covering on the way up
until the reaction had run an extreme of
lc for May. Business wan exceeding
active and the close was only c under
the tor, and ?4c over yesterday.
Corn traders were convinced that a large
export business is being transacted in the
coarse cereal. There was a report that the
export transactions were due to a cut in
prices to a basis of 3c over Chicago May
prices c I. f. to Baltimore. The rise in
futures drove shorts to cover and the, close
Oats played a "me too" role with refer
ence to wheat and corn, and May closed at
a net advance of fec. Shipping busi
ness was moderate.
The continued shortage in hog receipts at
important packing points, and the advance
in hogs and corn strength stiffened provi
sions. Closing prices were from 7 He to
lTc over yesterday for May options.
The leading futures ranged as follows:
Open. HI eh. Ixw. Close.
May - .94 t .95 V4 .93 t -95
July H1 14 .81?. .!MVi .1 !i
Sept. - S9- .'JU .SS! .'JO
May 51 .52 .51 4 .52
July 52 .5S .52 .53(4
Sept. ...... .53 .54 .53 .54
May 34 .34 .33 .34
July .".4 .34 .33 .34-
Sept. .113 .34 .83 .34
Jan. ...... 1S.I7 18.20 15.0T 18.20
May 18.40 18.57',4 18.37 1S.55
Jan 9.72 Vs 9.75
May 9.V2M 9.97 9.90 9.97 M
Jan ' 9.S0 9.77 9.77
May .U2i 9.95 9.S7 9.93
Cash nrlces were I
Corn .o. 2. 49 c; Xo. 2 white. 50c; No.
2 yellow. 50c: No. 5. 4849c: No. 3 white,
49S?50c: No. S yellow. 48'049c: No. 4.
4t44t4Sc; No. 4 white, 4749c; No. 4
yellow, 46 4S!ic.
Bye No. 2, 64c.
Clover $10 & 19.75.
t European Grain Markets.
IX)NDON. Jan. 15. Cargoes on passage
ld to 3d higher.
English country markets firm. French
country markets firm.
LIVERPOOL, Jan. 15. Wheat Spot
steadv. Futures firm. May 7s 3d; July,
Minneapolis Grain Market.
MINNEAPOLIS. Jan. 15. Close: vVheat,'
May. S9lSc: July, closed Ul$3c
Cash, No. 1 hard, 90c; No. 1 Northern,
S869c: No. 2 Northern, 86&S7c;
No. 2 hard Montana. 88c; No. 3 wheat,
No. 2 yellow coru. 4344c; No. 3 white
oats, 31i34c; No. 1 rye, S4(&-5ftc; bran. In
109-pound sacks, 19.00 19.50; flour, second
patents, 4.254.60; first clears, $3.20
S.50; second clears, $2.402. 70; flax, 11.29;
barley 47 63c.
Grains In San Francisco.
SAN FRANCISCO, Jan. 15. Spot quota
tions: Walla Walla. $1.51 1.02 ; red Rus
sian. $1.4B; Turkey red, $1.C0&1.62:
bluestem. $1.801.2: feed barley. 11.32
1.35; brewing, ?1.401.42; white oats,
tl.45(il.47; bran. S24?24.50r middlings,
$3031; shorts, $25.50B'26.
Call board sales.
Wheat No trading. Barley December,
$1.28; May, 1.28.
Puget Sound Wheat Markets.
TACOMA, Jan. 15. Wheat (Bluestem.
SSc; fortyfold. S3c; club. 82c; red Russian,
S3c Car receipts, wheat 17, corn 3.
SEATTLE, Jan. 15. Wheat Bluestem,
91c; fortyfold, 80c: club. 85c; Fife, 84c;
red Russian, S2c Yesterday's car receipts,
wheat 11, oats 2, corn 1, hay 1, flour 2.
NEW BOOKS ARE OPENED
COUNTY CLERK COFFEV TO USE
Deputy Jolm J. Erkins Installs Set
of Accounts Designed to Promote
Speed and Accuracy.
With the assistance of John J. Er
kins, one of his deputies, who was in
charge of the books of the Portland
Gas & Coke Company for several
years. County Clerk Coffey is install
ing a new double-entry, loose-leaf sys
tem of bookkeeping by which 'he can
keep an absolute cheek on the daily
receipts and disbursements of his of
fice, know every morning just how
much money he has in each bank and
be enabled to know the exact financial
condition of every department of his
business on a few minutes' notice.
The first book in the series is a cash
book ruled off into several columns.
In tho first column are entered each
day the total receipts of the day, and
in subsequent columns this will be ap
portioned into the various purposes
for which it was received, the headings
being: Probate Court unearned fees.
Probate Court library fees. Probate
Court litigation funds. Circuit Court
unearned fees. Circuit Court library
fees. Circuit Court litigation funds,, re
cording fees, anglers' licenses, hunt
ers' licenses, combination hunting and
fishing licenses, petitions for citizen
ship, declarations of intention to be
come citizens and miscellaneous. These
are all the purposes for which money
is received in the County Clerk's of
fice. There are also columns to show
the banks in which the money is de
posited, there being a separate column
for each bank used.
A dally report will be made to Mc
Coffey showing carried forward all
cash on hand and containing a sum
mary of daily receipts and disburse
ments.' He will be able to know on
glancing over this report how much
money Is in each fund and how much
in each bank, in the latter case gov
erning his deposits accordingly. AU
disbursements will be made by check.
and in -ddltion to carrying balances
on checkbook stubs he will have a
check record book in which each check
sent out will be entered ana tun in
formation gU-en concerning it.
The headings in the ledger wfll be
duplicates of those in the cash book.
It will contain a monthly summary ot
the receipts and disbursements ot eacn
fund enumerated above and show the
total amount deposited in and with
drawn from each bank during the
To avoid the necessity in striking'
otf monthly trial balances of running
throueh each and every account car
ried in the office, of which there are
more than 3500, Mr. Erkina has in-
In the Lumbermens National Bank are experience,
legal safeguards and financial resources. These
essentials are important to all particularly to the
business man in the expansion and development of
his interests. .. . .
CORNER FIFTH AND STARK.
RESOURCES Q MILLIONS
LADD & TILTON BANK
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.
W. M. Iadd, President. Kobert S. Howard. Asst. Cashier.
Edward Cooklngham, Vlce-Pres, J. W. Ladd. Asst. Cashier.
W. H. Dunckley, Cashier. Walter M. Cook. Asst. Cashier.
First National Bank
Oldest National Bank West of th
Atlantic Transport Line
New York London Direct
RED STAR LINE
N. Y. Dover Antwerp
Dominion Feb. 1
Canada Feb. 22
X 22 I
A. E. DISNEY, PASS. ACT., 619 SECOND
ur AXfCai nuiiwy m
augurated a system of jotting down a
notation on a card wiijn an accouii
Is active during the month. With the
others the only thing necessary will
be to carry forward the last month's
balance. Experience has shown that
only a third of the accounts are active
Hni.r nnv sriven month, and by the
slip system Mr. Erkins will obviate
the necessity of running tnrougn mem
all. This scheme is used in banks and
has worked out splendidly, ne states.
Former Prosecutor Defends
Man With "Sweating '
Frank Hennenny In Siew Role Lead
Client to Admit Stealing Chickens,
Relieving; Prosecution of Task.
RANK HENNESSr, erstwhile Dep-
1 uty District Attorney, is in an aw
ful fix. After four years of prosecuting
folks he is practicing law on the side
of the defense, and finds It difficult to
change his viewpoint. In several cases
In which the former prosecutor has ap
peared before the Municipal Court
since his retirement from oitlce, tne re
suits of this condition of mind have
Hennessy was appointed by the court
the other day to defend a chicken thief.
The accused was waived to the witness
stand after the manner his attorney
has acquired from long practice, and in
a moment, very much to his surprise,
he was undergoing a sweating at the
hands of the very man who was sup
osed to be defending him.
"Just tell the court, now, how you
came to steal those chickens.'
"I didn't steal them."
"Didn't, huh? How do you explain
the testimony of these witnesses who
identled you; tell me that?"
"Well, I only stole eight of them,
"Oh, hold on -a minute," said the
prosecutor-defendant, "you didn't steal
this woman s chickens, aid you."
"That's what I thought; take the
Deputy District Attorney Deich, who
had sat through this peculiar examina
tion with a quiet smile, said:
"I have no questions to ask."
Hennessy's client got four months.
Dallas Has Park Plan.
DALiIjAS. Or., Jim. IS. rppefial.l
ort), .Bacon &3avts
8S SECOND ST., SAN FRANCISCO
VEW YORK NEW ORLEANS
STOCKS, BONDS. GRAIN AND COTTO.H
NEW YORK. STOCK EXCHANGE.
KEW YORK COTTON BXCHANGEi
CHICAGO BOARD OK TRADE.
THEt STOCK AND BOND kJLUA.VGlZ.
9 AN FRANCISCO.
Lewis Building, 269 Oak Street
Phones Marshall 1120, A 4187.
WHITE STAR LINE
New York Queenstown Liverpool
N. Y.-Plymouth - Cherbourg-- Southampton
Boston Mediterranean Italy
AW PORTLAND, ME.
Teutonio Marcn l
I Dominion March 8
AVE., MAIN KI-OOB, REAR. SEATTLE.
At the request of leading business men
of this city, J. A. Gilbertson, of Mc
Minnville, a landscape artist, was in
the city yesterday looking over the
City Park. A plan is being fostered by
the Dallas Commercial Club to beauti
fy the Park. At the present time, the
park consists of approximately five
acres. It is planned to purchase about
five additional acres, and then have
the park beautified.
You can't afford
on the paving
has been proven
economical to the
PUBLIC 8ERVICE PROPERTIES
FINANCED and MANAGED
SO Pine Street New York
COOS BAY LINE
sails from Alnsworth Dock. Portland, at S
A. M. December .1, and thereafter every
Tuesday evenlnjr at S P. M. Freight re
ceived dallv except Tuesdays up to 3 P. M.
Tuesdays up to 3 P. M. Passenger fares:
First-class, lo: second class, $7, Including
berth and meals. Ti.ket office at Ains
worth Dock. The Tori land & Coos Bay SS.
Line. L. II. KeallnK. Aiceiil.
San Francisco, Los Angeles
and San Diego Direct
S. S. Roanoke and S. S. Elder.
Sail Every Wednesday Alternately at
e I'. M.
NORTH PACIFIC S. S. CO.
122 A Third St. Phones Mala 1314. A 1314
EXPRESS STEAMERS FOR
San Francisco and Lot Anjreles
8. S. BEAVER sail P. M. January lJu
THE BAN FRANCISCO PORTLAND S. a.
CO Ticket Office 132 Third Street.
Phone Main SOUS. A 2399.
TX)S ANGKLES AND RAN IMKtiO
STEAMSHIPS V.U.E AND HARVARD
Railroad or any aleamer to San Francuca.
tne r.i"J ''.' ' ' - - - -
ONLY strictly flnrt-cla passenger ihipi on
the Coast. Averago speed S8 miles per
SAX I'BANCISCO. PORTLAND L. A.
S. S. CO..
Mala IS. I'rajik Bollam. Arent. X 4S3$.
Hi Third Street.