Morning Oregonian. (Portland, Or.) 1861-1937, October 23, 1913, Image 19

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Morning Oregonian., October 23, 1913, Page 19, Image 19

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Newspaper Page Text19 TTTK MOTtNTXG OREGOXIAN. THURSDAY, OCTOBER 23, 1913. V BUYERS TAKE HOLD ITacoma Spokane 412.550 729.653 46.B92 14.522 More Business Passing in Hop Market. DECLINE IS GIVEN CHECK Oregon and Washington Growers l'lrni and Best Grades Are Xot Offered at Current Prices. Conditions in Etagland. From present Indications, the bop market has slipped down about as far as It la going now. N"o one had any Idea that value would decline to the low point they reached sme three weeks ago. and the fact that demand has developed at the ourrent level would eeera to Indicate that the tide Is again about to turn. Business Is not aotlve by any means, bnt the TOO odd hales reported bought yesterday makes a good showing In comparison with the recent seml-stagna-tlon of the market. Export demand Is still' lacking;, and until English orders appear, a lively market Is not looked for. Klaber, Wolf A Natter yesterday bought the Jacks lot of 120 bales at Aurora and 153 bales from Tom Kerr of St. Paul, both at 28 cents. C M. Werner secured two lots aggregating 400 bales on the. West Side at 22 cents. There was no pressure to sell on the part of growers and buying was not easy. Choice lots In particular, could not be had at the prices offered.- The best large lots In the state are held at 25 and 27 M cents. Washington growers are also firm,' and will not consider bidB under 25 cents. Cali fornia wires reported purchases by T.'hlmann of 270 bales of Sacramentos at 21 and 23 cents. London hop factors circulars, bearing dates of October 6 to S. say: Messrs, Wild, Xeame si Co. Consumers are apparently reluctant to realize the ex traordinary shortage of the 191S crop, whilst growers show no disposition to press their hops for sale, with the result that business la qnlet, with no quotable change In values. Manger & Henley The demand during the past week has been of a steady nature. Many growers are still reluctant to offer until prices show an appreciable advance upon present values. The shortness of the crop becomes more apparent day by day. Cattley. Gridley Co. During the past week an active demand has continued for yearling English and Pacifies, and also for new Poperinghes; but trade in the new English growth has scarcely yet commenced, growers being very firm at limits which consumers at present do not see their way to pay. The crop Is now entirely harvested, and samples showing at market confirm the excellent quality of the growth in Eng land this year. ' Continental markets are rather higher on the week, but Pacifio Coast markets are somewhat easier. There Is a large trade being done In this class for England. W. H. 4: H. LeMay Although a quieter tono has pervaded the market during the past week, many parcels have been sold and prices have been fully maintained. Every return proves the crop to be smaller ana smaller, and although comparatively only a small trade has been done, many growers have already cleared out. Thornton & Manger There Is rather more trade doing; best hops maintain prices, 10 to 10 10s; other descriptions are selling at full relative values. WHEAT IS Q.CIET, BUT STEADY. Indian Crop Outlook Factor In World's Market. The wheat market was quiet yesterday, but the undertone was steady. There was a fair Inquiry and offerings were light. Prices were quoted unchanged by local dealers. The Chicago market scored another sooa gain, but there was an earler tendenoy at Liverpool. In revewlng . the International wheat situation, Broomhall says: 'Xatest advices confirm good quantities to come forward from Itussla and larger quantities from the Danube, which will help to swell the weekly totals. "The continuance of the drouth in India Is making seeding prospects very gloomy. and a portion of the native food grains is already lost. In Central and Western Europe crops are turning out as about recently es timated, but. owing to. the continued pur chases of foreign wheat by France and Med Iterranean countries, there Is an Impression that actual harvest results there were below expectations. "The consumption of foreign wheat In Eu rope is large, with deliveries during Sep tember larger than last year, a weekly average of about 1,920,000 bushels. The present shipments are in excess of actual requirements, but Continental buyers often accumulate good stocks during the Autumn. The Bupply and demand situation Is not likely to change much in the near future. The crops In the Southern Hemisphere and India will exert a constantly Increasing in. fluence on prices, and the Indian situation will naturally become worse the longer the drouth lasts, and experience In the pi proves that the Argentine and Australian crops are always somewhat uncertain.' Trade was slow. In the local market for coarse cereals. Barley was quoted weak. but farmers were not offering freely, Oats were steady. Local receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Monday 173 8T IS 16 20 Tuesday 77 23 Wednesday ... 40 7 Year ago 80 12 Season to date 6343 1115 Year ago 8412 785 PORTLAND MARKET QUOTATIONS. Grain, Flour. Feed, Etc WHEAT Track prices: Clue. 78c bluestem, 8S.8c; forty-fold, 7o; red Rus sian. 77c: valley. 79c, FLOUR Patents, $4.50 per barrel stralehts. 13.90: exnorts. I3.G5 03.70: val ley. S4.60: graham, 4.40; whole wheat. $4.60. OATS No. 1 white. 2424.50 per ton. CORN Whole, $37: cracker. S3S per ton. MILLSTUFFS Bran. 132 per ton shorts, $24 per ton; middlings, $30 per ton. ton. BARLEY Feed. $23.75(524 per ton; brew- Incr tsSfff, S.B0; rolled. S2ScQi2S. ' HAY No. 1 Eastern Oregon timothy, $15 16: mixed timothy, $1214; aiiaita, sn clover. SR.50: valley grain hay. $11012. CLOVER SEED Buying price, fancy re cleaned, S0Vio per pound f. o. b. shipping points. I rflhn and Vegetables. Local lobbing quotations: TROPICAL FRUITS Orangos. $6 per box lemons, $S9 per box: pineapples, 10 per pound; bananas. 4H5c per pound: pome granates, $2.25 per crate; grapefruit, $6.50 7 per box. ONIONS Oregon, S2.00 per sack; buying price, $1.60 f. o. B. snipping points. VRRRTABI.ES Beans, a (ft 4c cer pound cabbage. 131UC per pound: cauliflower, $1 a 1.25 d07i. ; corn, lOtjploc doz. : cucumbers, 85c per dozen; egsplant. 4c per pouuu Snthnuae lettuce. 90ca:l ner box: Peas, u tc Tier Tiound: neooers. 687o oer nound; rad. lshes, 10812c per dor.; tomatoes, 60c ii $1.50 per box: garlic. 10lZtae pouno; njjrouio, loaiin ner nound: artichokes. $1 per dosen: squash, lo.per pound; pumpkins, 1540 per pound; celery. 4063o per dozen. POTATOES Oregon, i)0e&l per hundred buying price, 755o at shipping points sweet notatops. SL'ffi)2.2S Der crate. GKEEN FRUIT Apples, 80c$2.50 pe box: cantalouDes. $2.23 per crate peaches, lBfflOo per box; prunes, 2c per pound: pears. $1.2501.60 per box: grapes, Krfc(J?1 . !..-. Tr rratn. lOrt Per basket casabas. 2c per pound; cranberries, $8.50 9 per barrel; Turkish melons. 2o per pound. Dairy and Country Produce. Local fobbing Quotations: POULTRY Hens, 14lGc; Springs, 14 15c; turkeys, live, 20c; dressed, -o'3:oc EGGS Oregon fresh ranch, candled. 42c CHEESE Oregon triplets. 17c: uaisiea. 17c: Youne Americas. ISc. BETTER Oregon creamery butter cubes, 34o per pound; butter fat, delivered, 34o per pound. PORK Fancy, 12c per pound. VEAL Fancy, 13o per pound. Staple Groceries. Local lobbing duotatlons: SALMON Columbia River, one-pound tails. 2.2-5 per dozen; half-pound flats, $1. 40: one-Dound f ats. S2.45: Alaska, pink one-pound talis, 85c; sllversldes, one-pound talis. $1.25. HONEY Choice. M.253.75 per case. NUTS Walnut. ISHc per pound; Brazil nuts, 12H15c; fl'berts. 1515c; almonds, 20c; peanuts, B5ftc; cocoanuts, 80c$l per dczen; chestnuts, 1-ltC per pound: hlcK. ory nuts, 810c; pecans, lie; pine, lIMft 2QC BEANS Small white. e; largo white. 4c; Lima, 6.30c; pink. 4c; Mexican, 5c bayou. 4.40c. SUGAR Fruit and berry. $5.10: Honolulu plantation, $j.03: beet, Jl.SK); extra c, si.ou; powdered, barrels, $5.35; cubes, barrels. $5.50. COFFEE Roasted. In drams, 18032c per ponnd. SALT Granulated. $14.00 ner ton: half- ground, 100s, $10.25 per ton; 60s, $11 por ton; dairy, si-.au per ton. RICE No. 1 Japan, 5ig54c; cheaper grades. 4Hc: Southern head. 581ie. DRIED FRUITS Apples, 10c per pound; apricots. 1214c: peaches. 8llc: prunes, Italians. 8(ttl0c: 8l ver. 18c: figs, white and black, 6'4&7c; currants, 9c; raisins, loose Muscatel, 647ttc; bleached, rnompson, llc: unbleached. Sultanas. 6c: seeded, 748Hc: dates. Persian, 7Sc per pound; hard, $1.65 per box. Provisions. Local lobbing quotations: HAMS 10 to 12-pound average, 21 22c; 12 to 14 pounds. 2122c; boiled, 22c: skinned, 21'22&c; picnic, 15c BACON Fancy, 29Vi30V4c standard, 22 ii 25 c. LARD Tierce basis, pure, 13 c; com pound. 10ic. DRY SALT MEATS Backs, 1554 17c; bellies. 16c; plates. 12c. MISCELLANEOUS Extra mess beef, $21 por barrel; extra plate beet, $22.50; pork feet. $11 ner barrel; tripe. $1012 per bar rel; bologna sausage, 13c per pound. Hops. Wool and Hides. . HOPS 1913 crop, prima and obolce, 22 23c nominal; 1912 crop, nominal. PELTS Dry. 10c, Spring lambs, 40 60c: shearlings, 3050c HIDES Salted hides. 1212Ho per lb.: salt kip, 38flS'-4c; salted calf, 17 4? 18c; green hides. llllc; dry hides, 2323He; dry calf, 25c: salted bulls, 8 Mo per pound; green bulls, 7c WOOL Valley, 16lSc; Eastern Oregon, 11 16c. MOHAIR 1B18 clip. 2527o Per pound. CASCARA BARK Old and new, 6o per pound. 7 13 14 789 741 4. 3 6 740 629 13 13 6 823 I6i LOCAL FECIT MARKET WELL SUPPLIED Peaches Are Weakest Feature of List To kay Grapes Firm. The fruit trade was rather quiet. Re ceipts were small, but stocks were ample In all lines. Peaches continued the weak feature, with practically no demand. The Tokay grape market was firm In response to further strength In the South. Local grapes were steady. Apples were In good supply with a moderate demand for medium-priced fruit. Fancy grades were slow but well held by growers. Receipts of local cauliflower have shown considerable Increase, and the market was weaker at $11.2& a dozen. Sweet po tatoes were firm. Other lines were un changed. DEMAND FOR POULTRY FALLS OFF1 With Large Receipts Prices Are Lower All Around. The poultry market was liberally stocked and the demand for all kinds was slow. The large buyers were filled up on chickens and dealers were forced to shade prices on hens and springs to 14 cents to clean up. There were sales of white as well as colored ducks at 12 cents. The demand for tur keys has also subsided, and live birds de clined to 20 cents. The dressed meat trade was alow, with best veal selling at 18 cents and pork at 12 cents. There was no change In the egg situa tion. The supply of fresh Oregons was very small and candled stock readily brought 42 cents. Butter and cheese held steady at former prices. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: . Clearings. Balances. Portland $2,439,179 $124,315 Seattle .7.744 $251,202 SWINE MARKET IS OFF TOPS ARE QUARTER TJXDER PRICE OF TUESDAY. Cattle Trade Is Quiet With Former Prices Holding No Sheep Moving. A large bunch of hogs came In yesterday, about 10 loads, following liberal receipts earlier in the week, and buyers were enabled to force the price down a quarter. All the light stock offered on the market was sold at $8.50 and heavy hogs went at the cus tomary differential. The cattle market was quiet. Steers were moved at $7 and $7.50, and a few choice cows sold at $6.85 and $7.25. Receipts were 357 cattle, 777 hogs and 4 sheep. Shippers were: J. E. Troffltt, Dayton, 1 car hogs;- Will Block, Independence, 1 car hogs: Joe Donaldson, Tillamook, 1 car hogs; Baker County Cattle Company, Baker, 4 cars cattle; Baker County Cattle Company, La Grande, 8 cars cattle: W. Chandler, Dayton. 1 car cattle and hogs; O. L. Phunte, Hunts Ferry, 1 car hogs; C. R. Belshee, Moro, 1 car hogs; O. Springer, Opal City,.l car hogs; C. I. Geshine, Redmond, 5 cars cattle; H. S. Crahn. Redmond. 1 car cattle; H. Cum mings, Halsey, 3 cars hoes and sheep; E. G. Young & Company, Oakland, 1 car hogs. The day s sales were as follows: Weight. Price. 7 steers 1227 $7.50 25 steers 980 7.00 2 cows .134o .6.85 4 cows 1292 7.25 2 hogs 585 7.50 2 hogs 450 7.50 61 hogs 175 8.50 1 nog .11) 8.60 43 hogs 172 $.50 5 hogs 444 7.50 93 hogs ,. 176 8.50 The range or prices at the yards was as follows: Cattle Prime steers $7.50$8.00 unmce steers .................. 7.250 7.6V Medium steers 7 P(inj 7 25 Prime cows 0.500 7.00 Choice cows 4.260 S.oO Heifers e.00 7.04 Light calves 8.000 9.09 Heavy calves 8.750 7.79 BM11S B.DU& O.V0 Stags 5.760 6.71 Hoes Light - 8 60 8.7.1 Heavy .... 7.S4 7.70 Sheep- Wethers 4.00 9 4.59 Ewes 8.250 4.00 Lambs 4.00 5.50 Chicago Livestock Market. CHICAGO, Oct 22. Cattle Receipts, 1S.500; market, steady to strong. Beeves, f0.8ifi9.60: Texas steers, $6.75 7.80; West ern steers, $637 8.30; stockers and feeders, 35.10S7.65: cows and heifers, S3.50fflS.30: calves, $7-910.50. Hogs Receipts, zs.uoo; marKet, slow to Wo under yesterday's average. Light, $7.45 7.90; mixed. 7.408.10; heavy, $7.808; rough, $7.30fr'7.45; pigs,. $4,504(17.40; hulk ol sales, $7.600 7.95. Sheep Receipts, 40,000; market, steady to a shade higher. Native. $442 5.10; Western. $4.155.10; yearlings, Jo. 10 if o; lamos, na tive, $5.8507.25; Western, $5.807.25. Omaha Livestock Market. SOUTH OMAHA. Neb.. Oct. 22. Cattle- Receipts. 4400; market, lower. Native steers, $7.759.25; cows and heifers, $67.40; Western steers, $6$8; Texas steers, $5.75 7.10: range- cows and heifers. $5.ov7; calves, $3.50$9.50. Hogs Receipts. 6000: market. lower. Heavy, $7.5037.65: light. $7.30 427.35; pigs, $5.25'7.2o; bulk of sales, $7.40(7.55. sneep receipts, su.uuu; market, strong. Yearllaffs. S4.SOW7.50; wtkui. $4.3004.75: lambs. $6.407.CO. GAINS ARE NOT HELD Stock Buying Ceases When Prices Drift Downward. STEEL IS UNDER PRESSURE Recent Upturn IndicatlonJThat Short Selling Had Been Ov erdone Amer-. lean Tobacco Still Advancing. Government Bonds Firm. NEW YORK, Oct. 22. After the favorite stocks had relapsed a point or so from the higher level attained on yesterday's buoyant rise, interest in speculation died out today and the market Ibecame dull and flat. .The tone Improved and part of the early losses was recovered. -but In the final hour quota tions moved off again. Bull leaders were not Inclined to take an aggressive position, in view of the un certainties of the general situation. Com paratively little significance was attached to the recent irpturu, which apparently sig nified merely that short selling has been overdone. No considerable volume of out side buying was attracted by the rise. Steady pressure against Steel was effec tive In holding the market In check. Most of the bearish talk of the day centered about the Steel stocks. The steel trade reviews spoke of further reductions in working forces and it was announced that one of the Steel Corporation's subsidiaries had dismissed a large number of employes. Additional price reductions were reported. Stocks wore unloaded freely for London ac count on the opening break, chiefly Amal gamated and Canadian Pacific. Declaration of 21 per cent back dividends on Vulcan Detlnnlng preferred caused a Jump of 152 points in the stock. American Tobacco was again strong, its gain in the last two days amounting to 15 points. Cali fornia Petroleum common and preferred were weak, falling to low records. Bond prices eased off a trifle. Distillers 5s extended their recent rise by moving up 3H. Total sales, par value, $1,000,000. unitea states 2s registered advanced ht on call. CLOSING STOCK QUOTATIONS, Reported by J. C. Wilson & Co.. Lewis Duuaiug, I'ortiana. Sales. Amal Copper .. S5.S00 Am Beet Sugar. ' 200 1,200 !KK 1.000 High. 5'- 23 32 H ni 441, Low. 75 23 31 H 01 43 i 600 . 654 64?i Am Can Co do preferred. . Am Car & Fdy. Am Cotton Oil.. Am Smel & Ref do preferred.. Am Sugar ..... do preferred.. Am Tel 4 Tel. . Am Tobacco . . Anaconda .... Atl Coast Line.. 100 A T & Santa Fe 2.600 do preferred........ Bait & Ohio . . . 300 Brook R Tran.. 300 Canadian Pac . 9.900 c & o c & a w C & N W C, M & St Paul Central Leather Central of N J Chino l.SOO Col Fuel Sc. Iron 300 Col Southern 26 i;onsoi uas ouu lzus J.z'J lu D L & W Distilling Seourl 5,000 10 4 Erie 2,600 28 "4 Gen Electrlo ... 200 141 Gt North Ore .. 000 34 "4 00 1 24 000 123 1.000 23!i "1,800 BS'i 114 74 04 M. '93'i 87 229 57 12 12614 (W0 200 200 1,400 102 M 300 21 4 41 29 122 VI 34 3G 1147s 93 Vi 'pk' 87 228 674 12 1264 101 Vi 20H "40 M 2 & Bid 75 , 22 3t!4 44 Si8 64 100 107 113V 122 85 114 H 93 87 228 07 31 126 20 40 S--S4 Gt North pf Illinois Central. Interboro Met .. do preferred.. Inter Harvester K C Southern .. Lehigh Valley .. Louis & Nash. . Mexican Central M. $ P & S S M Mo. Kan & Tex Mo pacinc National Lead. 80O 106 1.100 14 1.200 68 800 400 24 K 352 100 131 400 131 900 . 21 20 44 17"4 27 141 33 124 106 3 3' 67 "24 351 131 130 ii 20 29 44 393 27 140 33 323 74 10B 13 57 103 241 151 131 13 130 2014 29 43 1,200 20O Nat Biscuit ... 120 do preferred.. 118 N Y Central ... 1.000 !W 95 95 N Y. Ont & Wes 400 27 2174 26 Norfolk & West 100 -104 14 104 "4 103 Northern Pao .. 70O 10814 107 107 Pacifio Mall 19 Pacific T & T. . Pennsylvania ... ,!M0 110 People's Gas ... K 125 Reading 89,500 163 Republio 9 1 I. 200 20 Rock Island Co 8.200 1 4 Southern Pao .. 6.S00 8S Southern Ry . . . 500 23 Texas Oil 600 111 Union Pacific .. 61.000 152 do preferred.. ..... United Rds S F. U S Steel 60,ti00 IS! 7x 107 H l)9 125 16174 20 33 87 22 11074 151 57 107 53 3 62 25 100 124 161 19V1 i.ir. 87 109 15 1H 80 IS 57 106 031 4 66 44 do preferred.. Utah Copper ... 2,200 54 Wabash 100 3 Western TJnlon. . 200 63 Westing Eleo .. 900 67 Wipconsin Cent.- Total sales for the day, 27,700 shares. BONDS. Reported Ihv Overbeck & Cooke Co.. Board of Trade fculldiug, Portland. Jid. A site a Atchison general 4s 93 93 Atlantic coast Line 1st 4S e B O gold 4s 0 B R T 4s 86 Ches & Ohio 4s 93 C M & St P gen s 100 C R I col 4s 60 Cal Gas Gs 92 C B Q Joint 4a iM Erie general 4s. .............. 78 Int Met 4s Louisville & Nashville unl 4s... 93 Missouri Pacific 4s 67 NYC gen 3s 82 N & W 1st con 4s 92 Northern Pacifio 4s 94 Oregon Short Line ref 4s....... 63 Oregon Ry Nav 4s 91 Pacifio Tel 5e 98 Penna con 4s 99 Reading general 4s 94 St L & S F ref 4s 70 Southern Pacific ref 4s 90 Southern Pacific col 4s. ........ 93 Southern Railway 5s 103 Southern Railway 4s 73 Union Pacific 1st and ref 4s... Ill West Shore 4s 94 Wabash 4s 49 Westinghouse Eleo conv 5s 91 Wisconsin Central 4s 6 United States 2s registered 90 United States 2s coupon 96 United States Ss registered 102 United States 3s coupon 102 United States 4s registered 109 United States 4s couoon 1-09 Stocks at Boeton. 92 86 93 101 61 93 , 94 78'A 75 94 67 S2 93 90 90 92 98 10O 94 71 90 93 lo:i 73 92 60 91 97 98 102 102 HO 110 BOSTON, Oct, 2S. Closing quotations: Allouea 84 Amaig Copper.. 75 A Z L & Sm... 18 Arizona Com . . 5' B&CC&SM.75 Cal & Arizona.. 64 Cal & Hecla....15 Centennial 13 Con Ran Con Co 87 E Butte Con M. 12 rTanKiin o Mohawk ........ 40 Nevada Con .... 15 ."vipissing Mines. 8 ixortn .uutte..... Z4v North Lake 1& Old Dominion... ROV Osceola 77 Quincy 53 Shannon 6 superior I Sup & Bos Mln.. 2 Granbv Con ... 72 -Tamarack 28 Greene Cananea. 28 IUSSR&M...33 I Royalle (Cop) 18 I do preferred... 46 Kerr Lake. 3 74 1 V' ah Con 9 Lake Copper.... 8!Utah Copper Co. 63 La sane copper svt inona a Miami Copper... 22 i Wolverine 41 Tt Money, Exchange, Etc NEW YORK. Oct. 22t 'Money on call, steady, 8tp3 per cent; ruling rate, 3 per cent; closing nin, 3 per cent. Time loans, easier: 60 days. 4 per oent 90 days, 6 per cent; six months, 4 per cent. Prime mercantile paper, 6n6 per cent Sterling exchange, Arm, $4.8125 for 60 day bills and at $4.8540 tor demand. Commercial bills, $4.80. Bar sliver, 61c. Mexican dollars, 47c. Government bonds, firm; railroad bonds, easy. SAN FRANCISCO. Oct. 22. Silver bars, 61c. Mexican dollars, nominal. Drafts, sight .01, telegraph .03. Sterling In Lon don. 60 days, $4.61; do. sight. $4.85. LONDON Consols, 72. bank rate, 6 per cent. Silver. 28 8-18d; dAN FRANCISCO PRODUCE EXCHANGE. Prices Quoted at the Bay City for Yes, tables. Fruit, Eta. SAN FRANCISCO. Oct. 22. The follow ing produce prices were current here today: Fruit Apples, Bellflowers, $11.85; New towns, $1.151.60; other varieties, 40c O $1.63: Mexican limes. $4.6O5.60; California lemons, $2. 50 7. 50; pineapples, $LB02.50. Cheese New, 1517o; Young Americas, 17c Errs Fancy ranch. 50o; store, 6o. Butter Foacy creamery, 81 c; seconds, 30c. Vegetables Cucumbers 60o$l; green peas, nominal; string beans, 78c; eggplant. Dnlnns S1.B5A1.B0. I Potatoes River Delta whites, 83c f $1.05; I socostly. Salinas Burbanks, $1.8532; Merced sweets, $1.25(6. l.iO. . Receipts "lour, 1982 quarters; barley, 2890 centals; potatoes, 64SO sacks; hay, 170 tons. Coffee and Sugar. NEW YORK, Oct. 22. Further bullish crop reports from Brazil caused an open ing advance of 4 to 5 points In the coffee market this morning, but prices soon re acted and the close was barely steady, 12 to 20 net lower. October, 10.25e; December, 10.43a; January, 10.54c; March, 10.75c; May, .10.97c; July, 11.17c; September, 11.23c Spot nominal. Rio No. 7, 11c; Santos No. 4. 13c; mild quiet; Cordova, 1816c nominal. Raw sugar firm. Muscovado, l.So centri fugal. 2.48a; molasses, 2.78a. Refined steady. Metal Markets. NEW YORK, Oct. 22. Lead, quiet, 4.80 asked; London, 20 7s Cd. Spelter, steady, 5.35 S 5.43; London, 30 10s. Copper, strong. Standard, spot to Decem ber. 16.75 offered; electrolytic, 16.87; lake, 16.87 17; castings, 16.75. Tin, steady. Spot and October. 40.25 40.50; November and December, 4023040.60. Antimony, dull. Cooksona, 7.60. Iron, easy. No. 2 Northern, 15.5O16.00; No. 1 Southern, 15.25 & 13.75.; No. 1 South ern, soft. 15.2515.75. Kaval Stores. SAVANNAH, Ga.. Oct. 22. Turpentine firm 41 to 41 & Sales, 230 barrels; receipts, 632 barrels; shipments, SOS barrels; stocks, 29,268 barrels. Rosin firm. Sales. 15S3 pounds: receipts, 763 pounds; shipments, 579 pounds: stocks, 156,049 pounds. Quote: A, B, C, D, $3.a5; E, $3.50 to $3.55; F, G, $3.65; H, $3.55 to S.60; I, J3.65 to 3.65: K, $4.20; M. $4.30; N, $5.80; WG, $6.20; WW. $6.35. Detlnnlng; Company's Melon. ' 'NEW YORK, Oct. 22. A dividend of 21 per cent on the preferred stock of the Vul can Detlnnlng Company will be paid to stockholders of record of November 6 on November 20. according to announcement made today by President Butterflold, of the company. The 'Tnelon represents accumu lated back dividends and will amount to about $400,000. When the announcement was made the preferred stock rose 15 points. Chicago Dairy Produce. CHICAGO. Oct. 22. Butter higher. Cream- erles, 24S24o to 80e. Eggs Higher, receipts, 433 cases; at mark, cases included, 1724c; ordinary llrsta, 25 m 26c: flr3ts, 27 c. Cheese Lower; daisies, 1515c Cotton Market. ' NEW YORK. Oct. 23. Cotton futures closed steady at a net advance of 19 to 24 points. Spot cotton steady. Middling uplands, 14.50c; middling gulf. 14.75c Imlath Unseed Market. DUX.UT1I. Minn., Oct. 22. Close: Lln sed. $l.So; October, $1.34; November, $L35. Dried Fruit at New York. NEW YORK, Oct. 22. Evaporated apples steady. Prunes firm. Peaches firm but in active. Hops at TXew York. NEW YORK, Oct. 22. Hops steady. EUROPE IS BUYER AGAIN REVIVAL OF EXPORT DEMAND LIFTS WHEAT MARKET. Hundred 1,-oads of Manitoba Grain Taken for Shipment Arrivals at Minneapolis Fall Off. CHICAGO, Oct. 22. Revival of export de mand today strengthened the price of wheat. Accordingly, the market closed steady at an advance of o to o net Other leading staples, too, all showed a gain corn s to lo, oats lo and pro visions 7o to 15c Lower prices from Liverpool failed to de press wheat, except at the opening. Con tinued falling off in receipts at Minneapolis and Duluth acted as more than an offset. When word came that exporters had taken as much .as 1M loads of Manitoba, bullish sentiment spread. Primary arrivals of wheat dropped to l.OOO.OOO bushels less than the total a year ago. This helped to prevent the market from sagging, as did statements that farm reserves November 1 would be only. 75,000, OOO bushels, against 175,000,000 bushels last year. Although com dipped In sympathy with a decline at Liverpool, offerings were quickly absorbed and prices advanced sharply. Big shorts In oats covered freely. Kural offerings were reported light. Provisions advanced after early weak ness due to low prices for hogs. There was a general buying movement, which appeared to grow out or tne strengtn or coarse grains. The leading futures ranged as follows: WHEAT. Open. High. Dec $ .83 $ .54 '4 Dec ' .83 .84 Slay Dec. May Dec May Jan. May Low. $ .83 .83 .88 Close. $ .84 .84 .88 .68 .70 .89 .42 SH -88 CORN. .. .67 .6S .. .69 .70 OATS. .. .88 .39 .. .4174 .4374 MESS PORK. Jan. 30.37 19.55 19.32 May ......19.30 19.75 LARD. .10.35 10.47 .10.55 10.62 SHORT RIBS. Jan". 10.27 10.37 10.27 May 10.45 30.55 10.42 corn No. a. 69H7c: No. z white. u 70c; No. 2 yellow, U9(&70o; No. 3, 69 69c: No. 3 white. 69iS69c: No. 3 yellow. 69 4T70c Barley. 62'82c. Timothy, $3.75 5.25. .07 .60 .38 .41" 19.47 10.82 10.47 19.52 1V.7U 10.47 10.62 10.37 10.55 uimotny, j.itiu Clover, $9012.50. European Grain Markets. LONDON. Oct. 22. Cargoes on passage. quiet. English country market quiet. French country markets easy. LIVERPOOL. Oct. 22. Wheat Spot easy. Futures steady. December, 6a 9d; March, us nil; Aiay, us xua. gather, cloudy. Minneapolis Grain Market. MINNEAPOLIS. Oct. 22. Close: Wheat- No. 1 hard. S5c: No. 1 Northern. 83085a: No. 2 Northern, 81&S3c; No. 2 hard Mon tana, 8182c; No. 3 wheat, 79&tlo; De cember, -)4 ttc; may, bic Flax, $L8431.36. 4 Barley, unchanged. Ban Francisco Grain Market. SAN FRANCISCO, Oct. 22. Spot quota tions: Walla Walla, $1.42 01.43; red Russian, $1.4001.42; Turkey red, $1.67 it 1.60; bluestem, $1.601.62; feed barley. $1.8301.86; brewing, $1.47: white oats, (1.37 & 1.40; bran. $24&24.0U; middlings, $3031: shorts, $25025.50. call board sales: Barley firm. December. S1.IS per cen tal; May, $1.451.46 asked per oental; Oo tobcr. $1.82 bid per cental: November, $L3t bid, Jl.37 asked per cental. Paget Sound Wheat Markets. SEATTLE. Wash.. Oct. 22. Wheat Blue- stem, S8o; fortyfold. 78 c; club, 77 ; fife, 77c; red Russian, 76c Yesterday's car receipts Wheat, 69j oats, 20; corn, 2; hay. 19; flour, 7. stem. 6sc: fortyfold. 7 Do; club. 78c; red Rus sian, 78c Yesterday's car receipts Wheat, 18; corn, x; oats, 4; nay, t. SCHOOL REPORT IS MADE (Continued From Page 18.) work established, and a wage acale based on efficiency instituted. CHAPTER XII. The Building; and Sites Problem. The chapter deals at great length with needs and problems In connection with present and future school build ings in Portland. Such matters are considered as shifting of population, size of school lots, need for larger play grounds, the best, safest and most conomical buildings, and a discussion of whether school buildings should be handled by tax or bonding. Relative to this, the report says In part: The large initial cost lor nre-prooi buildings, and the plan 61 paying for them all In one year by a tax, is what makes school building in Portland seem This policy of immediate payment, however, is termed "a. wise one. The report Axes Portland a proD- able need at 60 new school rooms a year. CHAPTER XIII. The School Plant. This chapter has to do with such things as the proper location of the schoolhouse site, lighting of buildings, the proper amount of window area in a schoolhouse building oonducive with light and health, size of classrooms, their height and flooring, school desks, blackboards, assembly-rooms, tempera ture and ventilation. This chapter is so thorough and so complete as to detail that in itself it might almost be taken as a guide in schoolroom arrangement. Taking the subject of blackboards as an example of the detail with which the entire chapter is handled, this is part of the comment made: "The prevailing blackboards fur nished the schools are exceedingly un satisfactory with reference to high light, and the consequent difficulty the children have of seeing what is written on these boards. They reflect so much of the light that they are troublesome and trying on the eyes, both of the teacher and pupils. In addition, most of the blackboards are too green and not restful to the eye. The best black, board material available In this coun try is a good quality of natural slate. ... "I recommend therefor, that In all future buildings, a good quality of natural slate be used and set under careful supervision. The prepared blackboards now In use in the great majority of schools should be sup planted by slate, and set as follows: In the olassrooms designed for the first and second grades, the boards should be set not over 27 Inches from the floor; in those rooms used for third and fourth grades, 28 Inches; for the fifth and sixth grades, SO inches, and for seventh and eighth, 32 inches from the floor. In high schools, 36 inches above the floor is better." Open-Air School Nerdrd. Disappointment Is expressed at not finding a single open-air school in the city. "The climate of this city offers unusually good opportunities." the re port reads, "for the establishment and maintenance of open-air schools, with comparatively little expense and few precautions. It is almost a crime to shut up the puny anemio children in a hot schoolroom, where even under the best conditions the air cannot be kept as pure as it is out-of-doors. Open-air schools are no longer experiments. They 'have proved healthful under try- : ing and hard conditions, as, for exam ple, in the Winter climate of Chicago and Boston. In the mild climate of Portland better results may be at tained with less trouble and fewer ob jectlons." That temperature in classrooms should not exceed 67 degrees at any time is an important recommendation made. "I found many rooms consider- ably above 70 degrees Fahrenheit, some above 75 degrees, despite the fact that the outside air was always lower, reads the criticism. "It is my opinio that the maximum temperature of th schoolrooms of Portland should not ex ceed 67 degrees when fires are use In fact, I feel that this is a conserva tive estimate, for In the humid climate of this city 67 degrees Fahrenheit relatively warmer than 70 degrees Fah renhelt in the dry Winter air of class rooms In most of the Central and East em states. The climate of Portland is similar to that of England in many regards. The maximum temperature recommended for the schoolrooms of England is 65 degrees Fahrenheit. "If this recommendation is followed, the children will be able to do thel work with less lassitude, with keener interest and with much advantage to their health." Plenum System Is Opposed. Of the ventilation system in vogue In the schools, the report says: "There has always been some ob jection on the part of teachers and patrons to the plenum system of ven tilation, and these criticisms have often been justifiable. Unless the fans are large enough to deliver abundance o fresh air, to distribute it Impartially and to keep It moving In the school room, good and satlstactory ventlla tion cannot be accomplished. But there is a psychological effect that counts for milch, In the Judgment of teachers and pupils, with regard to the effi ciency of this form of ventilation They Imagine the air is bad becaus the windows and doors must be closed, This suggestion can only be overcome by good ventilation and experience. Whenever, however, there is persistent complaint, I have found that generally there Is some real ground for it. If 2000 cubio feet of pure air a pupil is supplied and well-distributed each hour In the classrooms, complaints generally cease and the children will be well cared for, providing the temperature maintained Is not too high. The efject of overheating is often mistaken for lack of ventilation." Among miscellaneous recommenda tions is one that a roller skating rink 12 to 15 feet wide be constructed o concrete around the two parts of the playgrounds at the new Failing School that the police keep all automobiles and wagons off the street next the Ladd School while children are at play; that the ravine between the Cres- ton School building and the new play ground be used to conduct an open-air Greek amphitheater. CHAPTER XIV. Records and Reports. This chapter is summed up In these recommendations: 1. That the medical supervision of the schools be taken over by the Board of Education, as is done in other large cities. 2. That its scope be enlarged to in elude inspection for many kind:, of de fects which are now seldom reported, 3. That the work be placed under the supervision of a well-paid, full time physician who has had wide ex perience in this line of health service and who appreciates the educational aspects of the problem. 4. That besides the chief director. two full-time and two half-time phy sicians be employed (one of the full time physicians to be a woman, and one of the half-time physicians to be an eye, ear, nose and throat specialist; and one full-time dentist. 5. That at least seven additional full-time nurses be employed instead of one, so that adequate follow-up service could be organized and vigor ously prosecuted. 6. That an efficient system of records and reports be instituted. 7. That annual vision and hearing tests be made by the teachers under direction of the chief . medical director. That greater emphasis be placed upon preventive work and upon the treatment of so-called "minor" defects which are likely to lead to future con dltlons of ill health. That candidates for teaching po sltlons be required to pass a physical examination- conducted by the school medical department, and that attention be given to the health of teachers in service. 10. That the teaching of hygiene be made less academic, and that it be di rected especially toward the cultiva tion of hygienic habits of living. 11. That playgrounds be increased In number and size as rapidly as finances will permit, and that the play ground Instruction be organized and combined with the department of phys ical training. 12. That a few open-air schools be established at once, and that their num ber be increased rapidly until they can accommodate all the anaemic, debili tated children in the schools (at least 5 per cent of the enrollment). 13. That plans be made for the or ganization in the near future of a more adequate system of special classes for the deaf (to Include a number of children whose hearing is not quite destroyed, but who cannot profit from ordinary instruction), the blind, the LADD &TILTON BANK EsUbliihed 1869. Cftpft! 9 1,000,000.00 Surplus . .eeeec.eeeeeee 1,000,000.00 Deposit 14,000,000.00 Commercial and Savings Accounts W. M. Ladd. President OITICIU Robert 8. Howard, Asst Cashls Edward Cnoklns'ham- We-Vria J. W Ladd. Asst. Cashier. W. H. Dunokl.y. Cashier. Walter M. Cook, Asst. Cashier. Corn or WM&lagtra a&d Tfcirtt Streets. First National Bank Capital $1,500,000 Surplus $1,000,000 Oldest national Bank West cf the Rocky Mountains REST AND WASHINGTON BIS. If You Wish To be successful you cannot overestimate the value of SAVING. To have ready money at your command is the first and most essen tial qualification. We Pay 4 Per Cent INTEREST ON SAVINGS DEPOSITS Merchants National Bank Under Government Supervision. Pounded 1SS6. Washington and Ponrtli Streets. M M nms Geneve HU f y Direct lOn U Urr-lr.i. I a. 3 Nil Transatlaniique Lorraine, A- M. r 5 LA 8AVOIB. . .Nov. 13 tFRANCEnew)Nov. SO I.A SAVOIE rrc. 10 IA rlWIVKNCK Nov. 1 "1.A lAMUlAlM.llt-r. i tHiANt h(ueT) liec.il Twin-screw Eteumer. rWu&drullc-sctew steamer. SPECIAL SATUKDAY BAILINGS FROM Mill YOKK. S P. 11. ONE CLASS CABIN ill) and TH1KL)-(.'1.A.SS Prissetmers Only. LA LORRAINE Nov. 1 tlMX'HAMBEAU Nov. IS C. W- btingrr, 80 6th St.: A. D. Charlton, j5 Morriann at.; E. M. Taylor. (I. M. St. 1'. K.V.; Uorsey n. Bmitn, s Dickson. Yil 3d St.; North Dank Roa E. i. waliter. agent Luton i-acinc barlton, Sb5 Morrison at.; E. M. Taylor. !. I 69 5th st.; A. '. bheldon, I0O 3d ht. ; II. I load, uth and Stark sis., atfeuts, i'ortlund. a Kailway. A crippled (certain classes of crippled only), stutterers, etc 14. That warm lunches be served In several schools, whero a fairly large proportion of the children are under nourished. 15. That a psychologist be employed to assist in the study of mentally pe eular and defective children, with a view to the segregation of certain types of cases in special schools. The chief problem here Is the "borderline" child. 16. That attention be given to the more lmDortant aspects of the hygiene of Instruction, including the choice of hvsrienio textbooks, the regulation ol home study, the arrangement of the daily programme and kindred matters. CHAPTER XV. Attendance nod Census. Dealing with the necessity of an adequate census and the work of the truant officer, this chapter makes the following recommendations: 1. That there be created In the school department a bureau or division of school attendance, at the head of which shall be an officer known as the su perlntendent of school attendance; that at least five attendance officers De ap pointed for service under this super intendent, for the oversignt ana Deiter ent of school attendance in general. for the enforcement of the compulsory attendance law. and those parts of the child-labor law for which truant offi cers are responsible, and for general out-of-school supervision or lnoomgt ble and delinquent children. 2. That subject to the nominal con trol of the school clerk as provided by law. the taklne and care of the school ensus records of the city be piacea under the charge of the auperintend ent of attendance. This further comment Is made: Durtnsr 1911-13. Portland's position among certain cities of the country, for which information is avallaDie, con cerninsr the expense of the enforce ment of compulsory education and truancy laws, may be exhibited by the following flKures, showing tne ex nendltures for this purpose per 1000 enrollment in elementary schools: Cam bridge, Mass.. $272; Denver, J207 Louisville, $200: Kansas City, $172 Oakland, $141; Providence, $122; Min neapolis, $106; Omaha, fiua; spoaane, $72; Portland, $45. Portland needs to increase DOtn me dignity and the expense of Its school attendance. CHAPTER XVI. Reeordn and Reports. This Is a more or less technical chaDter dealing with the need of more compete Information relative- to the conduct of the school district Dy tne School Board. This criticism is made of the annual report of the Board: "The annual report Is not a report within the proper meaning of that word. It has become merely a me chanical record of only certain features of the formal operation of the school vstem. It gives no evidence that the school authorities have been Influenced by the widespread movement of recent years for the betterment and increased usefulness of such reports." It Is recommended that a division or statistics and educational Investigation be established In connection with the fflce of the Superintendent ol Schools, nder a director "whose chief function will be to gather, In proper form, all the necessary data concerning the op eration of the school system that will enable the administrative and super visory staff to evaluate the practices and methods of the schools, and to give to the people of the community reasonable oasis lor an intelligent appreciation of the true worth of the results being ODtainea in ana tnrougn the schools. CHAPTER ITIt . Costa of the System. This, the concluding chapter of the report, presents figures and tables showing that the per capita cost to Portland of Its school system is rela tively quite low and pointing out that the city Is well able to afford larger expenditures for betterments of Its chool system. This conclusion is reached: Excepting probably only Los Ange- es. no other large city in the United States has such an excellent oppor tunity to make for Itself a sohool sys tem which shall be second to none In the country and one the excellence of which will make Portland known edu cationally all over the United States and attracf Jo It many new resident of a desirable class. It will require some more money, to be sure, and a little hipher tax for schools, but not a. large amount, while the returns from the Investment educational, social, moral and commercial will be large. The commercial returns might be men tioned first instead of last. "Los Angeles has utilized the oppor tunity which her wealth and the char acter of her population have given her and has developed one of the best school systems, large or small, to be found anywhere in the United States. There is little question but that the present social and Industrial prosperity of the city is, In no small measure, duo to the broad scope and high excellence maintained throughout the school sys tem. ' "Portland, by reason o? its large wealth, the hlgh character of Its peo ple, the freedom (practically so) of the school district from debt and the good foundation upon which to build, could. In a few years, and with but a small Increase In the tax rate for mainten ance if under wise, Intelligent and . capable leadership easily become thj educational rival of Los Angeles and her schools would acquire a reputation, as those of Los Angeles have done, throughout the United States. Prac tically no other large city in the United States has today so great an oppor tunity for educational leadership al most within its grasp." BJfflSSBHHEEI Demand the most economical pavement that's BITULITHIC SPflSTOlir. INCOBPOHATEO VVnQVbllllM ant CONSTRUCTION ENGINEERS PUBLIO SERVICE PROPERTIES FINANCED and MANACEO SO Pine 8tret New York 3 it J.C.WILSON&CO. STOCKS, BONDS. GRAIN AND COTTON. OULMifEttB NEW YORK BllKK EXCHANGE, tilCVV YOHJt COTTON E.VCI1 APOtt, CHICAGO BOAKIt OF TKAI, THE STOCK ANO BONO EXCHANGE. 8AN fr'HANCIHCO. PORTLAND OFFICE: ' Lewis Building, 269 Oak Street Phones Mamhall 4120. A 4187. 1