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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 17, 1914)
TITE MORXIXG OREGOXIAN, THURSDAY, SKPTKMBFR 17. 1914. 19 HOP BUYING HEAVY McClellan Gets 600 Bales in Independence Section. EIGHTEEN CENTS PAID I'ligglc Crop or State Is Now Bought Up Inquiries Are at Hand From li.glaiid and Juxport Ship ping Is Being Done. The hop market opened up with a rush yesterday when 600 bales of the new crop Wrre bought at 13 cents. The buyer was O. O. McClellan. of the Kola Nela Hop Company, of Salem, and the crops were all bought in the Inde pendence section The largest lot was 250 bales purchased from W. W. PercivaL The other purchasers were 150 bales from (ieorge Lewis, 150 bales from Hubbard A Jones and 50 bales from Black. Xearlyall the 1014 crop of Oregon fug sMes has now pased out of growers' hands. McNeil Bros, yesterday bought 100 bales at IS1 cents. Another Interesting development of the 5ay waa the Inquiry received from England. It was stated that the Wigan-Richardson crop Is being shipped to London and tus sles are also being sent over. A London cable received during the day estimated the English crop at 4S0.00O cwt OPENING RAISIN PRICES ARE NAMED Kew Mst Is But Little C banged From That of Last Year. Opening prices on 1H14 pack California ed raicins were announced yesterday by the Associated Company. The change from last year's opening prices is less than was expected in some quarters, the new list averaging only a quarter of a cent cheaper than last year's list. But for the European situation the raisin market would doubtless be in poor shape this year, as there is a good carry-over from the 1013 pack. The new quotations "were looked for last week, but tbe Associated held them back in or der to get as close a line as possible from present drying developments on the prob able output for the season. California advices are that a good busi ness has been done in old raisins practical ly all along the line, and there Is a general expectancy that the old crop will be cleaned tip in advance of new goods. It is un derstood that the Associated will stop mak ing sales of old raisins on the 20th. allow ing time from then until the end of Sep tember to make shipments and clean up eld raisins, beginning with new goods the 1st of October. New walnut prices have not been named yet, but ttio California Walnut Growers' Association has Issued a circular to the trade, giving present crop and market con ditions and paving the way for higher prices. Last year there was a high walnut market In spite of a poor quality crop. This year the California growers have everything in their favor. Crop prospects in the South are fine and the quality of the nuts prora lMts to be gooa, unless the weather becomes hot. The present estimate of the crop is Jn.omj 'tons. In all probability, no foreign walnuts will be imported in time for ttje buliday trade. . The . California lima bean crop is about three weeks late, as compared with prev'oua seasons, owing to the cold and foggy weath er prevailing in the growing section, which lias of necessity made threshing slow. Some difficulty, it is said, has been experienced In filling first half September shipment contracts, as, while a sufficient quantity of beans have been threshed to fill contracts made early In the year at low prices, it would appear that outsfde operators are willing to pay much more for the goods titan ihnrt KAlltam nn Airlv Halii-Arisa nam .. ford. COMBINED CONDITION OF ALL CROPS Change, in Past Month, as Reported by Bu reau of Estimates. -The combined condition of all crop. In the United States (100 eg.ua! to average) and the chance during August is given In the monthly report of the Bureau of Crop Kstiraates. as follows: Muiue . ., New Hampshire .... Vermont Massachusetts ...... Rhode Islund ...... ttonnecticut ........ New York .. Js'ew Jersey ........ Pennsylvania lelaware Maryland .......... Virginia West Virginia North Carolina .... outh Carolina .... Georgia Florida Ohio Indiana ...... ...... Illinois ............ Michigan Wisconsin Minnesota ......... Iowa .............. Missouri North Dakota outh Dakota. ...... Nebraska .......... Kansas .... Kentucky .......... Tennessee .......... Alabama Mississippi l.uui.lana -. -. , . t Texas .............. Oklahoma ....... -C Arkansas Montana ........... Wyoming .......... Colorado ........... New Mexico Arizona Utah Nevada ............ Idaho Washington ........ Oregon ............ California United States .108.8 .108.0 . !.!) ..11.2 .100.0 .108.3 .103.7 .1U6.T .103.2 .105.7 .110.1! 0.3 3.9 1.0 -1-4.9 -1-10.2 -1-3.3 - -0.3 -I-2.B 1.7 -1-0.5 1.6 7.1 - -1.3 - -1.5 - -3.2 - -5.1 -1-1.7 -1-0.1 o.o 2.3 1.2 S.5 5.5 7.4 8.2 8.5 -1-1.4 5.9 - -10.2 -1-4.0 . 85.6 f.e.4 .101.1 . 9tf.tt .103.3 .100.0 . US. 2 . 8.3 . Sl.tt .108. 1 .101.8 . yi.o 97 i.3 SO. 8 . 08.U . UJ.l . 9.7 .113.7 . U0.4 . 94.3 . 98.3 . 88. a . SKi.2 .104.8 .102.3 . 2.o . 91.5 . i.5 .100.5 .111.3 . 97.7 . 98.7 .118.9 . 95.0 .102.4 . 94.2 .108.5 . U7. --3.2 -1-3.2 -1-15.3 -1-9.0 -' -9.0 4.6 -1-0.6 El. 7 1.7 3.3 6.5 -1-14.1 0.8 6.4 -i-0.1 0.1 FIRMER FEELING IN LOCAL WHEAT email Margin Between Buyers and Sellers' Viewa at Merchants Kxcmbanxe. There was a firmer feeling In the local wheat market yesterday. More inquiry Is coming from California. At the Merchants' Exchange buyers and sellers were only half w cent apart in their Ideas on club. Ninety-five cents was bid, an advance of a cent ever Tuesday's price. Milling wheat prices were also a cent high er, but bids for red wheat did not come -up to the previous day's mark. The under tone of the oats and barley markets was easier. The grain standard committee of the Chamber of Commerce is collecting sua pl?s from tho various docks and next week the standard weights for the various cereals will be definitely fixed. Standards will be announced for the following grades: . White Walla, .hipping bluestem, red Walla, mill ing bluestem, red Russian, red Fife and Turkey red wheat, blue brewing, white brewing and feed barley and white feed oats. The fees as agreed upon for inspec tion and weighing axe as follows: Car of CO tons or less, 1214c per ton: over 50 tons, less than 100 tons, 10c; over 100 tons, less than 200 tons. 8c: over 200 tons, less than .UU tons, 6c;' over 500. tons, less than 1000 tons. 5c: 1000 tons and over, 4c. The regis tration fee of the Chamber is $2 per certifi cate. The customary rules as to Inspec tion and Issuance of certificates have been greed upon by the committee. Local receipts, in cars, were reported by sne Mercnants isxcnange aa follows Wheat Barley Flour Oats Hay llonday 225 8 20 16 12 Tuesday 101 18 3 26 15 weuuesuay ... izv ltt 14 J y J ear ago 119 24 7 24 fceaaon to date.3773 Vear -ago .....2978 37 872 498 471 292 34 1 COS GRAPE MARKET 18 IN GOOD SHAPE Ulxed Car of Out -of -.Season Vegetables la Received. The grape market la holding Its own In good shape. Stocks of seedless were light and green grapes were also scarce. Local receipts of Concords vera lighter than they bare been and the old price was maintained. Another car of Flame Tokaya is due to day. A mixed car of vegetables arrived in the afternoon and will be distributed this morn ing. It contained head lettuce, that will sell at $2.75 a crate, asparagus at 2.25. arti chokes at SO cents to SI. cabbage at 1 cents and apiouta at 10 cents. Another car of California Yellow Danvers onlona arrived and they were put on sale at one cent a pound. HOP PEAXS INDEPENDENCE SECTION Harvest Completed In Nearly All Polk County Yards. INDEPENDENCE. Or., Sept. 18. (Spe cial.) The hop market opened up here to day strong at 18 cents. The Kola Nela Hop Company, of Salem, were the most active, getting In all 545 bales of this year's hops. The sellers were W. W. Perclval. 250 bales at 18 cents; Hubbard &. Jones, 150 bales at 18 cents; George W. Lewis, 100 bales at IS cents, and F. Black, 45 bales, or the sur plus over what h ehad contracted, at 1714 cents. A great many of the yards have finished picking. Among the large yards still work ing are those of E. Clemens Horst Com pany and C A. McLaughlin. Each of these yards has about three days' picking. The weather. which has been very stormy the last two days, has cleared away a little tonight, and it is expected that picking, which commenced again this after noon, will be completed. The rain has not hurt the hops, and they could stand more without damage, but If rain sets In again it will ho hard to hold the pickers. Poultry and Dressed Meats Steady. Receipts of poultry and dressed meats yesterday were sufficient for local require ments and prices for the most part were steady. Hens cleaned up at 1C cents and Springs at 1515 cents. Buyers paid 20 &22 cents for young turkeys. Tbe best pork moved at 12 cents and veal at 181 cents. Conditions in the eg? trade were un changed. The- supply of fresh ranch was not large and the demand was also re stricted. Former prices were quoted in the butter and cheese markets. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: . Clearings. Balances. Portland .1, 710.42 142,839 Seattle 2,349.137 185,581 Tacotna 419,489 67,829 Spokane 683.013 105,546 PORTLAND MARKET QUOTATIONS. Grain, Flow, Feed, Etc Mercnanta Exchange, noon session: Wheat Bid. Bluestem S 1.05 Forty-fold om Club 95 Red Russian I Red fite H1V4 Oats No. 1 white feed 26.00 No. 1 feed 22.00 Barley No. 1 feed 22.00 Rrewing .......................... 22.50 Bran 23. OO Short 24.00 All quotations for prompt delivery. MIXLFEED Spot prices:. Bran, 26a 26.50 per ton; shorts, 29& 20.50; rolled bar ley, $28. FLOUR Patents. $5.40 per barrel; straigsts, $4.60; graham, $5.40; whole wheat, $5.60; exports. $4.20(94.50. CORN Whole, $38 per ton; cracked, $39 per ton. MAY Old timothy. Eastern Oregon. ir. W 16; new-crop timothy. Valley. $12.50gyl3; grain hay, $1011; alfalfa, $12613.50. Dairy and Country Produce. Local Jobbing quotations: EGGS Fresh Oretron ranch, case count. 30c; candled, 32 S 34c. roULTKY liens, 15c; Springs. 15815)4c: turkeys, young, 20a 22c; ducks, 1014c; geese, 11 12c ulttek creamery nrlnts. extras. 8BC per pound; cubes, 31 32c CHiSKSis Oregon triplets. Jobbers buying price, 16Vic per pound f. o. b. dock Port land; Young America, 1714c per pound. roKH )lock, J 1 12c per pound. VEAL Fancy, 13 o per pound. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITS Oranges. $2.25 3.00 per box; lemons. $6.50(97 per box; bananas. 414 c per pound; grapefruit. California, $3.25; pineapples, 67c per pound. VEGETABLES Cucnmoers. 50c per box; eggplant, 7c per pound; peppers, 6714c per pouna; articnoKes, eocfer-si per aoz. ; toma toes, tuuuo per crate; caoDage. 1 c per pound; peas, 5&"6c'per pound; beans, 44$tic per pound; corn, 75c$l per sack; celery, 5085c per dozen; cauliflower, $2.25 per crate; asparagus, $2.25 per box; sprouts. 10c per pound. u.MUSb yellow, $lgl.2.-i per sack. GREEN FRUITS AddIcs. new. 50c $1 box; cantaloupes, $1 $7 1.25 per crate; ca sabas, $L25l.fH per dozen; pears, $11.25; peaches, 40(&65c per box; grapes, 65c&$1.15 per crate. fui'ATUiss oreron. 1.35 ner sack: Ya kima, $1.50; sweet potatoes, 2 lie per pound. Staple Groceries. Local lobbing quotations: SALMON Columbia River one-nottn tails. $2.25 per dozen; half-pound flats, $1.40; one pound flats, $2.45; Alaska pink, one-pound tans, si.ua. honey Choice. $3.25 per case. NUTS Walnuts. 14 6121c Der nound: Bra zil nuts, 14c; filberts, 14 15c; almonds, 23c; peanuts, 566c; cocoanuts, $1 per dozen; pe cans, x-3tg-ioc BEANS Small white. 7Uc: lares white. 614c; Lima, Sc! pink, 5c; Mexican, 714c; bayou, 6c COFFEE Roasted, in drums. 18ia37o ner pound. suuak Fruit ana berry, $7.80; beet, $7.60: extra C. $7.60: rjowdered. in barrels. $8.05. fcALT Granulated. $15.50 ner ton: half- gTound. 100s, $10.75 per ton; 50s. $11.50 per ton; oairy, 91 per ton. Kite no. 1 japan, auesue: southern head. 614714e; island. 6c. UKIEU CKtllS ADDleS. io01Ie nor pound; apricots, 14lttc; peaches, Sllc; prunes. Italian. 1061214c: currants. 9V.c: raisins, loose Muscatel, 6li74c; bleached Thompson, llc; unbleached Sultanas, 8c; eeaea, wo; aates, Persian, 7714o per pound: fard, $1.40 per box. FIGS Packages. 8-oz.. 50 to box. $1.01 package; 10-oz.. 12 to box, 80i; white, 25-Ib. box, $1.75; black, 25-lb. box. $1.75; black. ou-io. oox. e.au; DiacK, ju-id. box, $1.15; Calarab candy figs, 20-lb, box, $3; Smyrna, per box. $1.50. Hops, Wool, Hides, Etc HOPS 191 crop. 17918c; toggles. 18 19c; 1913 crop, nominal. HIDES Salted bides. 13c ner nmmri - salt Rip, ic; Bai iwu can, rc; green niaes, lzc; dry hides. 25c; dry calf. 28c; salted bulls, 10c per nound: green bulls. 814c. WOOL Valley. 1814 & 20 14 c; Eastern Ore gon, 1 nj1 c. aiutlAllt It4 CUD. Z7,e ner nound CASCARA BARK. Old and new. o ner pound. fKU'p Dry. 13c: dry short wool. Be: drv snearunga, iuc eacn; green sneariings, 1&0 omc eacn; Dpruig la ill OS. 24:giztc; green pelts, short wool, August 60c, July 50c: green lambs. July 65c, August 75c M8M salmon. 6 14 c: halibut. 4A DSV-c per pouna. Provisions. HAMS 10 to 12-pound, 2122!4c: 11 to ju-pouna. ztgzc; 1 to 18-pound, 2114 224c: skinned. 1814622c; picnic, 15c BACON Fancy. 0 to 82c: standard. 24t 27c. DRY SALT CURED Short clear backs. 1417c; exports, 15 17c; plates, HQ 18c. LARD Tierce basis: Pure, 12V4&14c; compound, 9c. Oils. KEROSENE Water white, drums, bar rels or tank wagon, 10c: special, drums or Darreis. uic; cases. 17ft42Ui&c GASOLINE Bulk. 14c: cases, 21c En gme distillate, drums, 714o; cases, 1414c ixuiiniiia, urums, xc; cases, ZUC LINSEED OIL Raw. barrels, 72c- boiled barrels. 1314c: cases, 17142014c Readjustment of Coffee Prices. NEW YORK, September 18. The coffee market was unsettled today. Firm offers irom Brazil were said to be either unchanged or a shade higher, but it was rumored that primary shippers were showing renewed dis position to sell whenever bids were based on London credits. The local market was easier, with Rio 7s quoted at 63ic and Santos 4s at 1114 c, al though this decline was regarded more in the light of a continued readjustment to cost and freight values than as indicating any material change in primary markets. Santos reported a clearance of 17,000 bags yesteraay ana an aavance or loo reis In 4s, wntle me market at lo was uncnanKed Raw sugar, nominal. Molasses sugar, S.88 r.tnc; centrnugai, o.ut(io.2jc Rafined, quiet. Sterling Exchange. NEW YORK. 8ept. IB. Closing: Mercan tile paper, 7 per cent. Sterling exchange easier. Cables, $4.9879 demand, $4.9750. Bar ailver, 53 c LONDON, Sept. 16. Bar sliver. 24 lid per onnca. Discount rates, 314S3 per cent. BAN FRANCISCO, Sept. 18. Sterling, de- WHEAT AGAIN SOARS Reports of Austrian-German Victories Lift Prices. ADVANCE OF FIVE CENTS Chicago Markets Also Affected by Rumors of Heavy Buying; of Flour by Representatives of For eign Governments. CHICAGO. Sept. 16. Wheat went soaring today larselv because of reDorta of Austro- German advantages that made the end of tne war appear remote. After a rise or as much as 5 cents a bushel, the market closed nervous with gains of 41d$v4tiO net. Corn wound up 14 to lc higher, and oats at an aavance or 1 to 134c In provisions tne outcome ranged from 10c decline to 20c of extra cost. A JumD in anntatloDi at Liverpool tended from the outset to make wheat buyers courageous and sellers more and more scarce. Heavy receipts Northwest were ignored, but there was a temporary reac tion when unconfirmed advices were circu lated thr-.t the Germans In France and Bel gium had been ordered to withdraw to the Rhine ReDorts that reDresentatives of for eign governments were bidding for 100,000 oarreis or iiour tenaea to lilt tne market. Corn advanced with wheat. Call for cash oats seemed to be the most eager since the beginning of the war. Ship ping sales here today were said to aggre gate nearly 2.000,000 bushels, chiefly for ex port. Lard and Dork strengthened on account 01 higher grain and hog prices, and bullish semi-monthly warehouse stocks statements. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. Sept. $1.0$ $L09 $1.08 1.0 Dec 1.09 1.12 1.0(1 l.li May 1.1514 1 lVa 1.1514 LIU CORN. Sept. 76 .7 .77 77T4 Dec. .: 72 .7274 .71 .T2V4 May 7414 .75 .741a .74 54 UAia. Sept. ..4614 471 .4H ,47i Dec 4! .&014 .4 .5014 May 52 X .53 .5214 .5314 MESS PORK. ett- 17'.85 Jan. 20.80 2O.80 20.70 20.65 LARD. Sept. .40 Oct 9.37 H 9.47H Jan. 10.00 10.15 10.00 10.10 SHORT RIBS. Sept. 11.55 11.5714 11.55 11.65 Oct 11.3214 11.3214 11.12H 11.1214 Jan 10.83 10.9214 10.75 10.75 Cash prices were: Wheat No. 2 red. $1.0801.1014: No. 2 hard, $!.OSa 11014. corn mo. J yenow. fvuuuttc: rvo. h yel low, 7SVi79c. rtye .X 'Z. HOC Barley, tiZ'&JSc Timothy, St 4x5.50. Clover, nominal. Minneapolis Grain Market, MINNEAPOLIS. Sept. 16. Wheat. Sep tember. $1.0Hii: December. $1.13: No. 1 hard wheat, $1,131-.; Nu. 2 Northern, $1.07 barley. o4faoic. Flax, $1.4S1.53. Puget Sound Wheat Markets, TACOM A. Sept. 16. Wheat Bluestem. $1.02 L03; fortyfold. 96c; club. 95c; Fife. 95c. Car receipts Wheat 153. barley 9. oats 6. hay 2L SEATTLE. Sept. 16. Wheat. October and November delivery quotations: Bluestem, $1.03; fortyfold, 95c; club, 98c: Fife, 83o; red Russian, 91c; Turkey red, $1.00. Yesteraay car receipts wneat 77. eats 16. barley 5. hay 17, flour 13, rye 8, corn X. Ban Francisco Grain Market. SAN FRANCISCO. Sept. 16. Snot Quota tions: Walla Walla, $1.70 1.72 14 ; red Rus sian. Jtl.71 V : Turk&v red. $1.80: bluestem. $1.80ig1.85; feed barley, $1.1214 01.15; wnite oats, si.ua (ft 1.07 : bran. S30: mid dlings, $31g32; shorts, $30 31. au noara nariey nrm. uecemoer, $1-22: May, $1.28)4 bid. $1.31 asked; Oc tober, tl.lttli bid. $1.1914 asked: September. $1.1314 bid, $1.1314 asked; November, $1.19 D1U. PRICES OF HOGS BREAK BUYERS GET MARKET DOWN FIF TEEN CENTS. Top Quotation at North Portland Yarda Is fS.40 Trade la Quiet In Other Lines. Hog buyers had things their own way at the stockyards, and though only four loads were received yesterdajr, they succeeded in buying at a range about 15 cents below the preceding day's level. The top price sell ers could realize waa . $8.40. There waa but littro'doins In other lines. A small bunch of calves was sold at trt r.o and a few cows changed hands at going prices. Keceipts were 15 cattle. 14 calves, . 303 hogs and 1122 sheep. Shippers were: With hogs J. R. Clark, Roosevelt, 1 car; Will Block. Amity, 1 car; A. L. Messenger, Goldendaie, 1 car. Vi ltn sheep Driven In by Hansen. 1122 head. V 1th mixed load Cal Johnson. Gatewav. l'car cattle calves and hogs. 'liie day s sales were as follows: Wt. Price Wt. Price 35 hogs .. 153 $8,401 3 cows ...1160 &.00 1 hog ... 250 7.90) Scows ...1253 5.40 3 hogs .. 356 7.40) 3 cows ..1216 5.00 93 hogs .. 193 8.401 CO hons ... 179 H.4U 4 hogs .. 295 7.651 4 hogs ... 225 7.40 14 calves . 351 .50 36 hoga ... 188 8.40 4 cows ... itl O.OU Current Drlces of the various classes if stock at the yards follow: Cattle Prime steers $6.757.25 tjnoice steers B.tiu 0.73 Medium steers .................. 6.25f6.50 unoice cows 0.75 St-0.50 Medium cows 5.25r6.73 neners ....................... o.ftuoi Calves .lOiu,.5o Bulls ............................ .(04.7.1 Stags 4.504(16.00 nogs Light 8.S0ffift.4fl Heavy 7.30 W 7.40 Wethers 4.00 3. 40 twel 3.&oru4.50 Lambs ........................ .... 5.00 (tf 5.50 Omaha Livestock Market. SOUTH OMAHA, Neb., Sept. 16. Hogs Receipts. 3800; market, higher. Heavy. $8.20 8.35; light. 8.25'8S.50; pigs. $7.' 3 8.25; bulk of sales. $8.258.30. Cattle Receipts. 0S00; market, steady. Native steers, $S 10.25: native cows and heifers, $'a7.60: Western steers. S6.50O9: Texas steers, $6 7.40: Texas cows and heif ers, $o.7oCa-7.o; calves, $S0.25. Sheerj Receipts. 16,000; market, higher. Yearlings, $5.75(8.50; wethers, $5.30 5. SO; lambs, $7.501&'S.50. Chicago Livestock Market. CHICAGO, . Sept. 16. Receipts. 18,000; market, slow. Bulk of sales. IS.35 Si 8.80: light, $8.70 9.40; mixed. $8.3009.40; heavy. $8.0509.05; rough. tS.05fe8.2O; pigs, $4.75 4P8.4U. Cattle Receipts. 17.000: market. firm. Beeves, J7 4jlll .. steers, $6.359.25: ctockers snd leaders, xa.oofgp 8.35 : cows ana heifers. $3.7Ur9.2u; caives, ss.zo9lz.o. Sheep Receipts. 35,000; market, steady. Sheep. $5. 50 (96.20; yearlings, $6.6597.25; lam os. $l.zjsaa.u. SAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City on Fruits, Vegetables. Etc. SAN FRANCISCO, Sept. 16. Fruit Pine apples, $1.5063: California lemons. $2.50 5.50; apples, Gravensteins. 50c $1; Bell flowers, C5&)75c; Newtons. 75(j)80c Vegetables Cucumbers. 2540c; string Deans. (9 4u; peas, si.au per sack. Eggs Fancy ranch, 39c; storage. 30c Onions Yellow, 40. 50c, on dock. Cheese Young America, 1414 &1514c; new, 1014 1414c; Oregon. 16c Butter Fancy creamery, 3014 c; seconds, 29c Potatoes Delta Burbanks. per sack. 90c S1: sweets. $1.501.65 per sack; Salinas Burbanks. $1.65L75. Receipts Flour, 4325 quarters; barley 185, 987 centals; potatoes. 5570 sacks; hay. 550 tons. Cotton Liquidation Proceeds. NEW YORK, Sept. 16. It was announced today by the conference committee in charge of the liquidation of the straddle in terest on the New York Cotton Exchange $100,000,000 NEW YORK CITY 6 REVENUE BONDS AND CORPORATE STOCK NOTES $57,000,000 $18,000,000 $25,000,000 Exempt Principal and interest payable in gold coin of the United States of America of the present standard of "Weight and fine ness at the office of the Compti oiler of the City of Nev York Coupon form in denominations of $500, $1000, $5000 and $10,000. Registered form in denominations of $500 and multiples thereof as desired. Coupon and registered forms interchangeable. We are advised that these bonds and notes are available for the following purposes : 1. As part collateral for circulation, under the Aldrich-V reeland act of Aay 30, 1908. 2. As security under the workmen's compensation law of New York Slate. 3. As an investment for savings bank and trustees in New York Stale and elsewhere. A syndicate of banks and trust companies of New York City has purchased these bonds from the city at par and ac crued interest. A large part of the bonds having been with drawn from sale by the subscribing banks and trust companies, we offer the remainder, on their behalf, for public subscription at the cost price. Subscription books will be closed at 12 o'clock noon, Tuesday, September 22, 1914, or earlier, in our discretion, without notice. The right is reserved to reject any and all applications and also, in any case, to award a smaller amount than applied for. ' . ' Applications for bonds should be accompanied by a remittance in New York funds of $50 for each $ 1 000 bond applied for. The balance will be payable at the offices of the undersigned Monday, September 28th. If only a portion of the amount applied for be allotted, the balance of the deposit -will be applied toward the amount remaining to be paid. J. P. MORGAN & CO. New York, September 15. 1914. the price would be reduced to 8.80e for January-February In Liverpool and to .50c for December In Now York tomorrow. Bo far. only looo Dales or tne new nterest have been liquidated under the plans of the International conterence. in slow progress of this liquidation is offset to some extent, however, by reports that the syndicate plan now aeems likely to go through and by reports of further advances In the Southern spot markets, all the of ficial quotations received todsy being about 'A c ntgner. Naval Stores. SAVANAH. sent. 16. Turpentine, nomi nal. 4514c: no sales. Receipts. 110; ship ments. 40: stocks, 28.663. Rosin nominal; no sales. Receipts, 668; shipments, 956: stocks. 107.26O. uuote: A, a. s-i.au: j, u, o.o-i c, r , O. 11. I. $3.05; K, $4.16; M. $4-50; N, $6; WO, $G.52; WW. $6.85. Chicago Dairy Produce CHICAGO. Sent. 16. Butter Receipts, 11,502 tubs. Unchanged. Eggs Lower. Receipts, 10.49S esses, at mark, cases Included, 2022c; ordinary llrsts, 21&22C; llrsts, zz9ac Hops at New York. NEW YORK. Bent. 16. Hops firm. 8tats common to choice 1014. 42047c; 1913. 300 40c Pacific Coast, 1914. 20 023c. Dried Fruit at New York NEW YORK, Sept. 16. Evaporated ap ples quiet. Prunes more active. Peaches quiet. Duluth Linseed Market. DULUTH. Sept. 16. Linseed, cash and September, $1.514; December. $1.55 V4. FOREIGN COMMERCE HIT IIKTVRNS FOR AUGUST SHOW HEAVY DECREASES. Partner Decline in Exchange Rates la Assassced Money la Better Sup ply at New York, NEW YORK. Sept. 16. Financial atten tion waa drawn today to the effect of the European war on the trade of thla country, as Illustrated In tho Import and - export figures for August, compiled by the De partment of Commerce at Washington. Mer chandise Imports for that montb were $29. 400.000. against $t7.832.O0O In the same month last year. Export! aggregated $110, 338,000 against $188,000,000 in August. 1013. For the eight months of the calendar year, imports show an Increase of $111,000,000 and exports a decrease of almost $204,000, 000. With these adverse conditions In mind. It appeared to be the concensus of financial opinion that much headway had been made in the process of re-establishing normal con ditions between mis country ana Jkurope. A further decline in sight drafts on Lon No matter' how hard the traffic, no matter how varying the cli mate. BITULITHIC pavingalways survives the test. Maturing as Follows: 6 Corporate Stock Notes due September 6co Revenue Bonds due September 1, 1916 6$ Revenue Bonds due September 1, 1917 Price 100 and These three issues are direct obligations of the City of Nerv York. Exempt From tho Federal Income Tax From All Taxation in New York State Except for State Purposes Interest at six per cent per annum, payable semi-annually on March 1st and September 1st don occurred today, albeit It was only a cent to the pound sterling:. There- were more Fails bills and Keichmarks in the market and exchange on Home and Genoa was also traded In. In the local market money vrmn in better supply, but rates were unchanged from, yes terday. That Is to say. the prevailing race was S per cent, with a few loans at 7 per cent for SO days. Bank returns to the Con troller at Washington show mat a number of national institutions tonc targe amounts of unused emergency currency and that much of the domestic hoarding of cash which followed the outbreak of the foreign conflict took place In tbe Middle West. This conclusion la based on the fact that many banks In that section show reserves vaatly in excess of requirements. Participants in the new city loan paid their Initial Installment to the syndicate to day, S4 per cent in gold of the entire $100. 0KMH0. Another larxe amount of gold for account of this transaction was engaged for shipment to Canada, There will be no public offering of the new loan until It la ascer tained what part of the Issue will be tken by holders of the old notes. That the first half of September has been the quietest period Qf the year In the steel industry is the testimony of trade authori Consistent Assistance Our facilities are the best that money and modern methods can provide and are at your disposal. AYhen you become a deposi tor here, you are assured of the same advantages as the richest man whose name is on our books; your interests are watched with the same conscientious care. We aim to be helpful to all. To assist you is our duty ; it is also our policy. We are willing and ready at all times to confer with our de positors on all financial matters. lumbermens National. Bank Capital and Surplus Fifth and $1,200,000. Stark Sts. ervsce is another factor which tends to make yonr relations with us agree able. You will find that our service is different from that of other banks. Promptness, courteous treatment and many other small con veniences make you feel at home the minute you enter our doors. Whether you come in to deposit or just look around, you will find a friendly atmosphere everywhere. WE PAY 4 ON SAVINGS DEPOSITS. Merchants National Bank Under Government Supervision. Founded 1886. Washington and Fourth Streets. LADE) & TILTON BANK Capital and Surplus Commercial and Accrued Interest ties. The forelgm demand, It is asserted. Is small In comparison with this country's ca pacity and many home projects calling for larga supplies have come to a temporary halt. Formal request of the Eastern railroads for a reopening of the u per cent rate case and the attitude of tbe Commerce Commis sion in that connection offer hope of a more satisfactory outcome of that Import ant question. STOCK-MARK KT HHKKTS ARE CLEARED Coo tracts Worth Hundred Millions Have Bern Settled. NEW TORK. Sept. 1. The New York Stock Exchange sheets are practically clear today for the first time since the exchange was closed, on July AO. Contracts outstand ing then called for the delivery of securities of a value of approximately S 100,000. OOO. With the exception of $20,000, these have all been cleared and it sras announced today that parties to these small remaining con tracts had bean notified that they have only until the end of tho week to settle. This does not take Into consideration the transactions of Flower A Company and S. S2.000.000 Savings Deposits 1, 1915 KUHN, LOEB & CO. P- Company, the two suspended Stock Exchange firms, whose affairs are now in the courts. Ennpfsi (inla Markets. LONDON. Sept. 16. Cargoes on passas steady. tbki jmr o 171 he. FRENCH LINE Campsurnia tienrral Transatlanttque. rOSTAI. SERVICK. Sailings for HAVRE CHICAGO Sept. 26, 3P.M ESPAGNE Oct. 3, 3 P.M. FRANCE Oct. 7,10 A.M. ROCHAMBEATJ ...Oct. 17, 3P.M. FOR INFORMATION APPL.T Company's Office. 19 State Street, N. Y. or local agents. COOS BAY AXI ElKEKA S. S. ELDER SAILS SLNUAY. SEPT. SO. AT 9 A. M. NORTH PACIFIC STEAMSHIP CO. Ticket Office. II Freight Office 12A d t4U Foot .Northrop St MAIN III A 1J1 11 Main 621)3. A XI AUSTRALIA TAHITI A1 NEW ZEALAND. Regular through Miiloir for 6doy via Tahiti and WelUuictou f cum San Francisco. Sept. 1. Oct. 14. Nov. 11 and vry 2ft daya. Send for FubpliieL Union Steamship Co. of New Zealand, Ltd. Office: 679 Market atreot, San b ran Cisco, or local S. S. atid K. K. amenta. IlAHlA. RIO Un? JANK1KO, SANTOS. MONTEVIDEO and fiUENOS AYRfc-S Frequent Bailings from New York by new and fast (l2,50-ton passenger steamera. BLbK A UAMKU Geo. Agls,. S Broadway, N. Y. Doner tt bniltb. d and YVattilntoD Sts. Or Local Agent. Steamer Georgian a lea.ea Washlnston-street Dock at I A. is. SalUr. Suodajr. 7:80. tor Astoria and Way Landings Ret urn ins. La,.ea Astoria at :0O p. H. ym, jl.oo Bach Wa. Ma.la I4A COOS BAY LINE Steamship Breakwater 6alla from Alnsworth dock. Portland. A. L Sept. S. 10. IS. to. M. la. Frelrht and ticket offloes. Lower Alrtsworta ioca. Portland a Coos Baj a. S. Una. I II. KEATING, A a" ret t. Pbaa. Main . VH.t. S. S. BEAR FOR SAN FRANCISCO LOS ANGELES A. M., SEPT. 19. The Sas Kr.scl.ro fc Portland S. 5. C, Third and Waahlncrton St.. (-nlth O.-W. U. aft Id. UJ 'lei. iUaxshaU M,A .121.