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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 18, 1914)
THE MORNTXG OTSEGONIAN, FRIDAY, DECEMIiER 18, 1914. 10 WHEAT PRICES SOUR Local and Country ' Markets Are Excited. DEMAND NEVER STRONGER Wave or Export Buying Sweeps Over Entire Country Farmers and Speculative Holders Not Tempted by High Offers. Although bfals tor wheat were raised from 1 to 1 cents on the Merchants Exchange yesterday sellers could not be tempted to let fo. The market was stronger and more excited than It has been any time this season. In the country the excitement was ven greater than here. For club wheat fl.20 was freely offered on the Merchants Exchange. This 1 the highest price, so r as known, that was ever bid (or this kind of wheat In this market. Sellers, however, would not take leas than I1.1H4. Forty-fold and bluestem were also a cent higher than on the pre ceding day. $1.20 being offered for the . former and 1.21 for the latter, but holders ' demanded full 2 cents above these quota tions. Red fife again exhibited Its former strength with $1.16 offered, a 2-eent ad vance over Wednesday. In the market for futures the strength was equally pro nounced. The country wheat markets appeared to be going wild, and the reports received In dicated prices above a Portland parity. The buyers were mainly exporters. There Is no mistake about the strength of the export movement which Is sweeping the entire country. The German naval raid on the English coast, instead of checking the demand, seems to have greatly Increased It, as Eastern reports estimate the amount of the buying by the allied nations at 6.000, 00 bushels. Strong- foreign markets and more rea sonable ocean freight rates are combining to lift wheat prices at thlB end. Some of the large operators regard the market as dangerous, as prices here are above the ex--port basis, but speculators are willing to take the chances, and are buying wheat In anticipation of the market going still higher. The latest cargo sales reported were at Sis for club and 63s for bluestem. Steamer freights are at 32s 6d and sailing . ships at 37s 6d, with some talk of 35s. Barley and oats were strong In this city ami at country points, largely in sympathy with the strength of wheat. One hundred tons of May oats sold on the exchange at 332.50, a 50-cent advance over Wednesday's price. Although wheat is climbing there is no Indication of any early advance in patent flour prices. Export grades are said to be too high to permit of foreign business. Local receipts In cars were reported by . the Merchants Exchange as follows: Wheat Barley Flour Oats Hay Monday 307 15 10 11 12 Tuesday 65 8 1 3 o Wednesday.. io 6. 4 4 11 Thursday.... .29 3 3 7 7 Tear ago. .... 87 14 7 4 13 Season to dato 10845 1047 1336 1263 1051 i ear ago. ... . loiso 134s 1075 1551 COMMODITY TREND IS DOWNWARD General Average Is for Lower Prices, but Leading Staples Are Fairly. Finn. The number of alterations In the past week In the 81s quotations of leading com modities reported to Dun's Review was only 46, the smallest for many weeks, .and of these 36 ' were declines against 19 ad vances. . Although receipts were moderate in volume, trading In butter and cheese was rather light and there was practically no change in any grade, but continued scarc ity of choice quality eggs caused higher prices to be asked for all desirable stock. There was very Tittle change In tho grain markets, wheat and corn closing at aDout last week s figures, while flour was sta tionary, the only advances worthy of men tion being in oats and rye. Live beef was steady and hogs and sheep slightly higher, but provisions as a rule were easy. Foreign demand gave strong support to all kinds of leather suitable for military purposes and resulted in further advances In all varieties of heavyweight hides. Sen timent showed additional Improvement In the Iron and steel markets, support being derived from more numerous Inquiries and the slightly more liberal placing of business, and though there was some shading In the quotations of wire products, concessions In both raw and finished materials were more difficult to obtain and In a few Instances advances were announced. In minor metals, tin was weak, but copper and lead were firm, and spelter developed considerable strength. Higher prices for coffee were offset by a decline In copper, while cotton was easy and wool very steady. There was an im provement in silk and .more confidence dis played In rubber, but beans, cotton goods, calfskins, cottonseed "oil, spices, naval stores and numerous drugs were Inclined to recede. BIG TEAS FOB FARMER. IS COMTNG. email Business Man Will also Prosper in 1915. All Indications point to an Increase in business and better times, according to a circular letter Issued by H F. Norton fc Co ,hlds dealers of this city. The letter says. In part: "It Is our opinion that the year 116 will be a big one for the farmer and the small business man In both Oregon and Washing ton. The war In Europe and other causes makes this now almost an assured fact. Legislation and natural causes all trend to ward makiug things generally . better, par ticularly for the farmer and small dealer. "We feel that tho now year will be a prosperous one for all concerned. Our new banking laws have been made for the bene fit of the farmer and the small dealer. The big man In business has been made to uffer temporarily, but Is rapidly becoming accus tomed to tho new order of things and will have to take a fair profit on his business tho same as you and we do." INQUIRY FROM NORTH FOR TURKEYS Buyers Indicate 21 Cents as Top Prica Jjve Chickens Drag. Thcro was some Inquiry from tho north yesterday for dressed turkeys and buyers Indicated 21 cents as the tup price. Tho live poultry market was not so active as on the preceding day. ChR-kens of ail kinds dragged and Wednesday's prices were not obtainable, except on a few coops of large hens. Ducks and geese continued firm. lucre was some increase in receipts of Oregon eggs,-but most dealers were able to get 40 cents 'for candled stock. Dressed meats were firm. There was a fair supply of pork, but veal was scarcer. Tbe butter and cheese markets were un changed. radT AND TRCCK TRADE BETTER Nine Cars of Bananas Are Receited Green. Celery Dot Today. Business was more active on Front street In the green produce line. Retailers' stocks evidently bad run down and It the weather moderates a lively trade can bo expected up to Christmas. Nine cars of bananas were received yes terday, al lof them green. There was a good demand for California and Japanese oranges and apples sold fairly well. A car of California celery was due, but wni not arrive until today. Steamer vege tables will be available (Saturday morning. A car of mixed California vegetables Is out I and will be on hand Monday. f Twelve Cents Bid for Hope. The cessation of buying In the early part of the week evidently had no effect on hop prices, as 12 cents was being offered yes terday for the best grades. Two dealers were bidding this price In the Independence sec tion, but they found growers firm. Bank Clearing's. Bank clearings of the .Northwestern cities jmeruay were as follows: . Clearings. Balances. Portland $1,904,388 $212,341 Seattle 2.165,849 214.632 Tac-jma 383,798 97,217 Spokane 653,320 92,822 FOBILsXD UABKII QUOTATIONS Grain, Flour, Feed, Etc Merchants' Exchange, noon session: Prompt delivery. Wheat. tji.j Ask. 1.23 1,22 1.21 1.15 1.17 29.00 Bluestem $ 1.21 Forty-fold 1 "04 Club ; i.ao Red Kussian ............. 1.13 Red fife ... 16 Oats No. 1 white feed 28.50 Barley No. 1 feed 9cka 2S.2S 26.50 24.50 25.50 1.24 1.26 1.23 1.25 1.22 1.23 1.16 1.18 1.19 1.19 29.50 30.25 33.00 26.50 27.00 24.50 Brewing 26.00 J?" - 24.00 aborts ................... 24 50 Futures January bluestem 1.23 February blnenf fm 1 qa January forty-fold ...... 1.21 February forty-fold L22V4 January club 1.21 reoruary ciud 1.22 January red Russian 1.14 ieoruary red Russian 1.17 January red fife 1.17 February red fife ...... 1.19 January oats ........... 29.00 February oats .......... 29.75 May oats 32.60 January feed barley 26.00 January brewing barley .. 26.50 January bran 24.26 & axes 10 0 tons May oats 32.60 MILLFEED Spot prices: Bran 3254c 25 50 per ton; shorts. 2727.00; rolled barley, 627.50 28.50. rLUCR Patents. S3 cer barrelr straights. 5i.MiB.M): whole wheat. $5.80; graham, S5.0. CORN White, $36 per ton; cracked. $27 pei ion. HAY Eastern Oregon timothy. $14016 grain hay. tluwll; alfalfa, 1213; Valley Fruits and Vegetables. Local jobbing Quotation.. TROPICAL FRUITS Oranges, navels,' $2 2.50 per box; Valencies, $3.2503.50 per box: Japanese, per box. 90c31.lO; lem ons. $3.50 4.00 per box; bananas, 404e per pound: grapefruit. 53.73 4 4; pineapples. 7c per pound. VEGETABLES Cucumbers. hothouse. $1.501.75 dozen: eggplant. 7c pound; pep pers. -7 a 8c per pound ; artichokes, yoo per dozen; tomatoes. 60c$l per crate; cabbage. s?ie per pound; beans. 12 e per -nound celery, $3.30 per crate; cauliflower, 60c 5 $1 per dozen; sprouts, 8c per pound; head lettuce. $2 per crate; pumpkins, lc per lb.; squash, lc per pound. GREEN FRUITS Apples. 60c1.50 per box; casabas. l4e per pound; pears, $10 1.50; grapes, $1L36 per crate; cranberries. $9 9.50 per barrel. POTATOES Oregon. 75 85c sack; Idaho, wjcotsi.io: Yakima. 85c$l; sweet potatoes. -2c per pound. ONIONS Orecon, buying price. $L25 . o. u. .itiiiiug point. Dairy and Country Produce. Local jobbing quotations- .U(jS Fresh Oregon ranch, case count, oiu; canaiea, 35(0'4Uc; storage, Z630c. POULTRY Hens, small. 12i)13c-- Snrlnn ll12c; turkeys, dressed, 20&21c; live. 18 iBttfc; uucas, xzcgja&c; geese, 11 3? 120. DLiit.n Creamery, prints, extras, 34o per pound In case lots; c more In less than case lot: cubes. 30c. CHEESE Oregon triplets. Jobbers' buying t.vc, . uci OUUIIU 1. U. O. QOCK. Portland Yoiinj. Americas. KIc per pound. VEAL Fancy. 1212c per pound. PORK. Block. 9ig10c per pound. Staple Groceries. Local .-fobbing Quotations: SALMON Columbia River one-pound luno, ..ou yer uuicui (laix-pouna Iiata $1.50; one-pound flats, $2.50; Alaska pink. uuc-iiifuuu Laua, ii.uo. Honey Choice. $3.25 per case. NUTS Walnut', 1524c per pound; Brazil nuts. 15c: filberts, 1324c; almonds, 23t24c; peanuts, C&c; cocoanuts, $1.00 per aoz.n; pecans, luttt-vc; chestnuts. 12 15c. BEANS Small white, Sc; large white .ioc; Llnu, ojc; pink, 4c; Mexican 6c; bayou, 6.35c. COFFEE Roasted, la urums, lS33c. SUGAR Fruit and berry, $5.75; beet, $5.55; extra C $5.25; powdered. In barrels. SALT Granulated. $15.50 per tori: half' ground, 100s, $10.75 per ton; 50s, $1L50 per ton; aairy, a 14 per ton. RICE Southern head, 86c; broken. 4C, DRIED FRUITS Apples, 80 per pound; apricots, 13 15c; peaches, 8c: prunes. Ital ians, bmdc; raisins, loose Muscatels, 8c; un. bleached Sultanas, 7c; seeded, 8 Ike dates, Perslau, 77c per pound; lard. per oox; currants, u -54 JL2c Hops, Wools, Hides, Etc. HOPS 1914 crop, 9&12c; 1913 crop, nomi nal. HIDES Salted hides, 14c: salted bulla 10c; salted calf, 18c; salted kip, 14c; green bides, 12c; green bulls, 8c; green calf, 18c; green kip, 14c; dry hides, 25c: dry calf, 27c. WOOL Valley, 17 Id 18c; Eastern Oregon. 15&20c nominal. MOHAIR 1814 clip. 27c per pound. CASCARA BARK Old and new. 4o4o per pound. PELTS Long wool dry pelts. 11c: short wool dry pelts, 8c; dry sheep shearings, 10 fl5c each; salt sheep shearings, 15&25o each; dry goat skins, long hair, 1212c; dry goat shearings, 10ii20c each: salted sheep pelts, November. T&iftOOc each. Provisions. HAMS Ten to 12 pounds. ISO 10c: 14 to 18 pounds. 18l!'c: picnic, 12c BACON Fancy, 27&2Uc; standard 23 a 24c. ' DRY SALT CURED Short clear backs. 134jiltic; exports, 14tfloc; pates. 11013c. lahu 'tierce basis: pure. l(a.l2"Ac: compound, 8c. Oils. KEROSENE Water white, drums, barrels or tank wagons, 10c: special drums or bar rels, 13c; cases. 1720c. GASOLINE Bulk, 18c: cases. 20c: enzln. distillate., drums, 7 14c; cases, I4c; naptha, drums 1-c: cases. 10c. LINSEED OIL Raw. barrels. BSc: raw cases, 63c; boiled, barrels, 60c; boiled, cases. TURPENTINE In tanks. 60c; In case 87c; 10-case lots, lc less. SAU FRANCISCO FKODCCK MARKET Prices Quoted at the Bay City on Fruits, Vegetables, Etc SAN FRANCISCO, Dec. 17. Fruit Pine apples, $2.75 63.25; California lemons, $1.76 (&3.25; apples, Bellflowers, Go 75c; Oregon Spltzenbergs, $1.251.50; New to was, 85c a $1.25; winesaps, 90c&$1.25; bananas, $1,254 Vegetables Cucumbers. 35 950c; beans, S 12c; peppers, 3rg4c; tomatoes, 3050c Eggs Fancy ranch, 53c: pullets. 47c: storage, COc. onuns Yellow, 90c(g.$l. Cheese Youne America. 13M4c: new. 104180: Oregon. 14c: Youusr Amtrin. lUc. Butter Fancy creamery, 20c; seconds, 27 Vic Potatoes Delta Burbanks, per sack, $19 l.lo: sweets. SI. "5 1.95 per sack: Salinas Burbanks, $1.25&1.00: Ureeon Bijrhanki 1.2U y 1.40; Idaho. $1.13. Receipts Flour, Guao quarters: barlev. 60110 centals; potatoes, 10,145 sacks; hay, 340 LOUS. Coffee Futures. NEW YORK. Dec. 17. Tho CoffM mar. ket was weak and unsettled during tho day's trading, as a result of a further de cline In Brazilian exchange, reports of easiet cost and freight offers and the continued full primary receipts. Futures opened at a decline of 8 to 19 points under liquidation and trade selling, which was believed to be a hedge against recent cost and freight purchases, and while some of the late months rallied on European buying in the laet few minutes, the close was at a net loss of 21 to 28 points. Sales, 14,500 bag. December. 6.11c; January. 6.13c; February 6.22c: March, 6.31c; April. 6.39c; May .48c; June, 6.37c: July, 7.2sc; Augui 7.33c; September, 7.39c; October, 7.46c; No vember, 7.53c Spot coffee easy. Rio 7s. 7'i et- Santos 4s, cents. London Sheepskins Sales. LONDON. Dec. 17. A sale of lin.iH.. was held here today. Tho 42U1 balne of fered met with an irregular demand, which came principally from the homo trade. Hol land bought a few pelts at id advance. Merinos declined from d to ld. Coarse crossbreds were unchanged, but other grades lost d. STOCK DRIFT LOWER Wall-Street Trading Js on More Contracted Scale. LAST PRICES, AT BOTTOM Bond Market Is Also Irregular. Pool Is. Now Ready to Finance CottonMovementExcliange on Germany and France Easier. NEW YORK, Dec. 17. Stocks continued to droop today on a smaller and more con tracted volume of operations. Tradins- seemed to be largely for that fraction of tne professional element committed to the short account and when the demand from that Quarter had spent its force the list drifted Idly toward lower Quotations. The significance of the session, as a whole, may be Judged from the fact that a relatively inconspicuous specialty Central Leather was the most active feature, with a gain of 1 points. Irregularity characterized tho nnanh. followed by a general advance, which pro voked fresh selling of the International list. It took only a few thousand shares to re verse the rising movement and send the average unaer yesterdays closing. Numer ous additions were made to the group of stocks selling at a minimum price. In Keeping witn tne recent custom, final quo tations were at or near the low level of the uay. Little encouragement was derived from routine news, which included reductions in Louisville & Nashville and the Atlantic v-oast uu dividends from 7 to 5 per cent lug ooumern facinc statement for No vember, showing a net loss of almost $S00. O00. The Government crop report also was iar irom ravoraDie in Its forecast of Wlnt wheat, which was 2 per cent under the 10 year average. Exchange on Germany was lower and lim ited remittannA nhAirH Bn ...u. Reduction in francs was ascribed to the Lurmer extension of the French moratorium. Preparations for the lendine of mnn., hi the $135,000,000 cotton pool were finally ....uf.iou, ivcai unanciai institutions con u-ioutmg tneir Quota of $50,000.00(1. Call money was offered at 3 per cent, but time uaruenea a traction for long dates. Apart from a gain in gold the weekly statement of the Bank of England threw no light on the situation In that quarter. Lon don a markets reflected In mild degree the alarm occasioned by the recent bombard ment of coast towns. Bonds were again Irregular, with contrary lull;La 'n nome ox tne speculative Is- , Talue aggregated $1,B02,. uuicu oiates uovernment bonds un. buuficu on caij. CLOSING STOCK QUOTATIONS Closing Sales. . COO 5,800 l.suo 1.000 300 High. 24 65 31 20 68 Low. Alaska Gold . . , Amal Copper . . Am Beet Sugar. Am Can Am Smel & Ref do preferred.. Am Sugar Ref. . Am Tel & Tel.. Am Tobacco . . . Anaconda Min.. Atchison Bait & Ohio Brook R Tran.. Bid. 24 54 30 26 58 24 54 si 2(1 58 9A 10 ( 118 20 -118. 118 218 28 93 60 85 eoo 300 1.5O0 2X 27 03 70 80 16 88 44 11 90 'as' ' 24 2G 83 60 85 15 i 3B 43 11 sa "34 243. Ca Petroleum. 600 Central Leather. 13,00 JO 38 Ches & Ohio 800 800 Chi Gt Western. C. M & St Paul. Chicago & N W. Chino Copper . . Col Fuel & Iron 4d 10 700 "1,606 200 83 125 34 O & R Grande., do preferred. . 4 9 12 Distillers' Secur " ""266 "i3 "13" 1,500 22 22 "'666 iii iis" 266 "oitt" "53 400 18 10 40 "22 .-"22" " 1,200 135 134 300 125 125 '''kbit "io'" "aii "366 4" "45"" 500 12 12 500 83 82 'i - 800 55 1606 162 ioi "1,466 108 i6f "V.ioo "18 "16 6,000 149 147 ""366 "i" "i 400 2 'J "b'ioo 8U 85i 1,100 18 18 , 400 33 32 "2.266 ii" iii" "s.ioo "oi '56 200 104 104 1,800 4924 4B 200 2 2 1,000 58 58 t;ri General Elec . . Gt Northern pf. 1J 114 28 40 3 Gt Northern Ore Guggenheim Ex Illinois Central.. Interbor Met pf. 51 Inspiration Cop. Inter Harvester. K C Southern,. Lehigh Valley Louis & Nash.. Mexican Petrol. 16 89 134 51 Miami Copper . 18 Mo, Kan & Tex. Mo Pacltic IO Nat Biscuit National Lead.. Nevada Copper. N Y Central . . . N Y, N H & H. Norfolk & West. Northern Pac. . 4i 12 82 101 101 20 Pacinc Mail ... Pennsylvania ... 108 Pull Pal Car loo 18 148 18 1 4 85 36 32 12 11771 7Si 53 104 40 1 r.s Kay Consol Cop. Reading ....... Republic I & S.. Rock Island . . . do preferred.. St I. &. S F 2 pf Southern Pac .. Southern Ry ... Tenn Copper . . Texas Company. union Pacinc .. do preferred. Utah Copper . . w aDasn px Western Union. Westing Elec . 67 Total sales for the day, 78,100 shares. BONDS. TJ S Ref 2a, reg. 96 LN Y C G 8s, b. 79 do coupon.,.. 98 NOr Pac 3s 63 'A U S 3s. reg 100 J do 4s 89 do coupon. .. .300 (Union Pac 4a.... 954. U S New 4s, reg.l08Wls Cent 4s 91 uo coupon. .. .1U9 Money, Exchange, Etc. NEW YORK. Dec. 17. Call money steady. High, 3 per cent; low, 3 per cent; ruling rate, 3 per cent; last loan, 3 per cent; closing bid, 3 per cent; offered at 3 per cent. Mercantile paper, 44 per cent. Sterling exchange steady. Sixty-day Mils. $4.8435; for cables. $4.8 1 bo; tor demand. 4.s20. Bar silver, 49 c. Mexican dollars. 377sc Government bonds, steady; railroad bonds. Irregular. Time loans, dull. Sixty days. 4 per cent: 00 days, 404 per cent; six months. 4(3) 4 per cent. SAN FRANCISCO. Dec. 17. Silver bars. 49 cents. Drafts Telegraph. ."c Sterling Demand, $4.84; cable. $4.87. LONDON, Dec IT. Bar silver. 22 d per ounce. Money. 1 per cent. Discount rates, short and three montha 27i per cent. RECORD WHEAT ACREAGE AREA SOWN TO WINTER GRAIN GREATEST EVER PLANTED. Condition Is ot Euuul to That of Aver age Years, Orrlns; to Dry Fall and Ileaolan Fly. WASHINGTON, Dec. I". Owing to the poor condition of Winter wheat on Decem ber 1, the Department of Agriculture's es timate today, based on condition figures ot production next year, is only 580.000.000 bushels, although the area sown this Fall. 41.283,000 acres, is the greatest ever planted in tne united states. The poor condition Is due principally to a dry Fall, which caused the growing crop to get a poor start, ana to the Hessian fly, scattering reports of which have been re ceived from various localities from Mary land to Oklahoma. The Bureau of Crop Estimates. In Inter preting the condition reports, issued this statement: "Tho condition of the Winter wheat crop on December 1 Is estimated, at 88.3 per cent of a normal crop, which compares with 97.2 per cent a year ago. In the previous 10 years, tho condition on December 1 has averaged 90.3 per cent and. the outturn of tho crops has averaged about 14.4 bushels per acre on the planted area. In the same proportion, the condition of 88.3 per cent would forecast a yield of about 14.8 bushels, which, on the estimated acreage planted, amounts to 580,000.000 bushels. 'The production in 1014 was estimated at 675.623.000 bushels, by far the largest amount ever produced In one year, and in the preced ing five years there was an average an nual production of 441,000,000 bushels. 'In forecasting this quantity of 580.000,000 bushels, it should be considered as the amount of which the probability is equal that. tb ttiiinira adil a elUisx above ex be low it. Tbe crop will be larger or smaller than this amount according as the changes in conditions from now to harvest are bet. ter or worse than average changes." The acreage and condition December 1 of Winter wheat and rye by principal states roiiow: Winter wheat Con- States. Acres, dition New York 382, OOO .96 Pennsylvania 1,380,000 .85 Indiana 2,S20,00O .89 Illinois 2.934.000 .92 Wisconsin S9.000 .93 lowa 536.000 .98 Allssoun ..2,844,000 .87 Nebraska ................. .3,387.000 .90 Kansas 8,779,000 .80 Texas 1.387,000 .89 Oklahoma 3,O!2,000 .3 Montana 6S3.000 .98 Wyoming 51,000 .90 Colorado 276,000 .92 New Mexico 55.000 .05 Arizona .................... 41, 000 ,ws Utah 253.0M .89 Nevada 23,000 .88 loano S94.000 .95 Washington .1,174,000 100 Oregon 6S8.0O0 .93 California 403.0OO .98 Rye Indiana 104,000 .93 Wisconsin 444.CMI0 .97 Minnesota 296.000 .98 lowa .69,000 .97 North Dakota 16o,000 .92 South Dakota 92.000 .94 Nebraska 131.0O0 .93 All other 488.000 .93 Naval Store. SAVANNAH. Ca., Dec 17. Turpentine, nothing doing; 44 cents; no sales; receipts. 231 barrels; shipments, none; stock. 34,030 barrels. Rosin firm. Sales. 390 barrels; receipts. 1905 barrels; shipments, none; stock, 138, 868 barrels. Quote: A, B, C, D, $3.80; F, O. H. $3.35; I, $3.50; K. $3.904; H, M. $4.45; N, $5.45; WO. $5.70; WW, $5.86. Cotton Market. NEW YORK. Dec. 17. Futures closed firm with prices S to S points net higher. February, 3.84c; May, $c; June. S.05c; July. u - .1 -J v. Spot cotton quiet. Middling uplands, 7.40O. Metal Markets. NEW YORK, Dec 17. Copper quiet. Elec trolytic, 13.3713.50c; casting, 13.12 13.250. Lead, quiet at 3.753.86c Chicago Dairy Produce. CHICAGO. Dec. 17. Butter, unchanged. Eggs Receipts. 263S cases; at mark, cases included. 22 4i34c: ordinary firsts, 30&32o; firsts. 338 35c. Dried Fruit at New York. NEW YORK, Dec. 17 Evaporated apples firm. Prunes quiet. Peaches steady. Dniutb Linseed Market. DTJLTJTH. Dee. 17. Linseed, cash, $1.57 1.5S; December. $1.57; May, $L57. Hops at New York. NEW YORK, Dec. 17. Hops quiet. ANOTHER DIME IS GAINED LOCAIj HOG MARKET CONTIXl'ES TO ADVANCE. With Light Kecetpta, Top Grade of S rrinc Brlnsa ?7.50 Lamb , Trade Is Active. The continued lightness of hog receipts Is being accompanied by a strong and ad vancing market. Another dime was added to local values at the stockyards yesterday. Most of the trading, which, however, was not extensive, was in the swine division. The best light hogs brought $7.50, and other grades sold In proportion. The sheep market held steady. The bulk of the sales were of lambs, the best of which brought $7.3U and $7.40. Cattle sales were light. One load of choice steers was disposed of at $7.20. Receipts were 62 cattle, 7 calves and 424 hogs. Shippers were: With cattle J. M. Evans, Caldwell, 2 cars. With hogs J. P. Reese. McMlnnvllle, 1 car: G. W. Chesebro. Independence. 1 car: J. W. Howard, Redmond, 2 cars. witn mixea ioaa n. j. Harris, iteamono, 1 car cattle, calves and bogs. The day's sales were as follows: Wt. Price. I wt. Price. 8 calves 143 $7.001195 lambs.. 00 $8.80 lcalf... ISO 7.001 2hogs... 180 7.50 45 ewes. 133 4y.35 30 ewes. . . 143 5.00 43 lambs. 83 7.30 Ihog.... 160 6.50 35 hogs. . - 20O 7.43 B hogs.. . 200 7.45 4 hogs. . 100 7.30 92 hogs... 153 7.50 53 hogs. . . 200 7.45 22 hogs.. . 121 7.50 lhog... 260 0.S0 22 hogs. .. 240 7.00 37 hogs. . 20) 7.30 l.Sstees.. 1050 0.50 SlhoKK.. 7.45; 9 steers.. 020 5.75 223 lambs. SO 7.40 28 steers. . 1103 7.20 20 hogs lOl 0.75 1 heifer.. 050 0.00 16 lambs.- 75 7.4o: Current prices of the various classes of stock at the yards follow prime steers ... .$7.0O7.25 .... 6.50(7.00 .... 8.25(a) 8.50 .... 5.756-23 Choice steers Medium steers Choice cows . . Medium cows .... 5.OO&5.50 Heifers .... 5.0006.75 .... 6.00 .C 8.00 Calves ........ Bulls Stags . . 3.50!4.7j 4.5O(a)6.00 Hon Lixht .... 6.25 07.50 5.7540.40 Heavy -. . sneep Wethers ...... .... 5.25 6.10 Ewes ......... Lambs ...... -.r . . . . 4.2o ('V ..2;) . ... 6.25kjl7.50 Omaha Livestock Market. SOUTH OMAHA. Dec. 17. Hogs Re ceipts. 14,000: market, lower. Heavy. $6.85 7.05: light- S8.O5W7.10: Pigs. S5.73H18.70: bulk of sales. $6.007. Cattle Receipts. 3400; market, slow. Na. tlve steers. $6.50 $z) 9.73; cows and heifers. $5.50Qr7.25: Western steers. I0d8: Texas steers, $5.757.15; cows and heifers, iots 6.50; calves. $7f0. btteeu Receipts. ll.iKH): market, steady. Yearlings, $Iij3i7.65: wethers, $Ui 6.50; lambs. tsuys. to. 4'liicago Livestock Market. CHICAGO. Dec. 17. Hogs Recelnts. 38. OOO; market, strong to 10c higher. Bulk of saies, si.ojo i.o(r; Hgnt. sk.s.xui i.aa: mixeu. $0.85i7.35; heavy, $0.857.40; rough, $6.S5 fe6.90; pigs. $3.504j)7.oO. uattie iteceipts. 7uuu: market, weak. Na tive steers, I5-g10: Western. $4.04i7.6.-,: cows anil heifers. $2.DOod7.75: calvM. st;fo 8.00. Sheen Receintst. 15.000: market, slow Sheep. $5.ri0(a6.6."; yearlings, $8.757.8U; umbs, $8.75(uj ft. 00 WENATCHEE GETS BRANCH Rig Grocery Firm of Spokane Sees Opportunity for More Business. WENATCHEE, "Wash.. Dec. 17. (Special.) The Powel-Sanders Com pany, tho largest wholesale grocery firm in Spokane, will open a distributing- house in Wenatcheo January 1. This was the decision reached after a conference? by members of the firm and representatives of tho leading retail houses in this city. The members of the firm of Powel-Sanders who were here on business connected with open- ngr the new house were Percy Powel. general manager; Glen Powel, credit man; J. W. Hicks and J. B. Eagran. The latter will have chargre of the house here. The company expects to carry a large stock here and will take care of the country to the north as far as Oro vllle, as far west as Leavenworth and east including the counties of Doug las and Grant. CANAL ROUTE SURVEYED Astoria Port Enginer Gets Data tor Columbia-Seaside Ditch.' SEASIDE, Or., Dec. 17. (Special.) Engineer I J. Walsh, of the Port of Astoria, accompanied by a committee of the Columbia-Clatsop Canal Club, made a preliminary survey yesterday of the route tentatively selected for an inland waterway from the Columbia River to Seaside, and will make a. report to the Port Commissioners. The route which has been proposed lies entirely on the east side of the Spokane, Portland & Seattle Railroad line from Warrenton to Seaside, but Mr. Walsh has suggested to the mem bers of the Canal Club that inasmucb as there is a possibility that a canal on the west Bide of the railroad might be feasible, the conditions there should be investigated before proceeding further with estimates pf quantities that will be essential to his resort. BUYING IS IMMENSE Exporters Are in Market Stronger Than Ever. PURCHASES, 5,000,000 BU. Wheat Rises Sharply at Chicago as Result of Heavy Foreign Busi ness Government Acreage Report Has ?o Effect. CHICAGO. Dec. 17. Immense export sales, said to amount to gore than 5,000,000 bushels in the last 13 I curs, carried tho wheat market today shT-'y up-grade. Cios Ing prices were strong, e to le above last night. Other leading staples, too, showed a net gain, corn c to lc oats c to o, and provisions 60 to 10c. It was apparent from the start that sen timent in the wheat trade had turned against the bears. Signa were discovered early that business with foreigners was ot much larger proportions than had been re ported and that contrary to popular belief tho European demand, instead of being di minished by naval exploits, .had suddenly grown extremely urgent. Anxiety to pur chase for export, however, showed the greatest Increase of force immediately after announcement was made that for the first time this year primary receipts had fallen below the figures at this time last season. Notwithstanding the Government report on the Winter wheat crop and condition was regarded as somewhat bearish, which had been looked for. the market at no time suffered any important setbacks. Virtually an otner inriuences were lost sight of In view of huge seaboard clearances and be cause of advices of unusual activity of ex porters not only here but at Kansas City, St. LOuls and Omaha and in the East as well. Corn swept higher with wheat. Besides receipts were smaller and there was an Im proved call from feeders, the result of cold weather. Offerings to Europe were all ac cepted, about 260,000 bushels. The strength of other crrain an rend tn oats. Sales to the seaboard aggregated 400,- vvv uusiieis. Liberal receipts of hogs and the fact that Western packers were pressing the sale f iara gave tne provision market a setback at first. The bulge In cereals, however, re versed the course of prices and more than offset the early decline. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. ...$1.18 $1.20 $1.18 $L20 ... 1.22 1.23 1.22 1.23 CORN. . .. .G2M .84 .02 .S4 ... ;89 .70 .69 .70 v OATS. ... .48 .48 .4S .48 ... .ol .52' .51 52 Dec May Dee. May Dec. May MESS PORK. Jan 1S.32 18.40 1S..12V- 18.40 Hay 18.70 1S.90 18. 70 18.87 LARD. .Ian 10.00 10.12 1O.O0 May 10.22 10.37 10.22 SHORT RIBS. Jan -..10.02 10.02U. 10.00 May :0.27 10.27 10.25 Cash prices were as follows: 10.12 10.37 10.02 10.32 Wheat No. 2 red. tl.lsii 1.20 : No. 2 hard. Sl.iai1.20. Corn No. 2 yellow, 64iB-G3c: No. 3 yel low, 6304c. Rye No. 2, $1.00. Barley, 60 70c Timothy. S4.5086.25. Clover. $12.50 Si) 14.50. European Grain Markets. LONDON, Dec. 17. Cargoes on passage firm. LIVERPOOL, De her opened 9s gd. 17. Wheat t)ecem- Corn December closed 6s d closed 6a 'Aid. January Minneapolis Grain Market. MINNEAPOLIS. Dec. 17. Wheat, Decem ber, $1.1.1; May, fl.10; No. 1 hard, $1.21 1; No. 1 Northern. $1.17 it 1.20 hi ; No. isortnern, si. 13 &r 1.13 Barley. 5665 cents. Flax, $.551.SS. San rranrlwo Grain Market. SAX FRANCISCO. Dec. 17. Spot quota tions: walla walla, $1.06 V 1.87 hi I red Rus sian, $1.!)3 gpl.SS; Turkey red. l.t)5ji 1.0714; bluestem, $2.02 !i 2.03 ; feed barley. $1.22 hi 1.23; white oats, $1.62 o 1.55; bran, $1 U 20.5O ; middlings, . $30jj ai; shorts, $20.5O5j'27. Call buard Barley. May. $1.34: January. $1.-Ji bid, $1.28! asked. Puset Sound Grain Market. SEATTLE, Dec. 17. Wheat Bluestem. $1.2u; Turkey red. $1.17; fortyfold, $1.1U; club, $1.18: Fife. $1.15; red Russian, $1.13. Barley. $24.50 per ton. Yesterday's car receipts Wheat 18, oats 1, barley 3. hay 10, flour 5. TACOSIA, Dec. 17. Wheat Bluestem, $1.10; fortyfold, $1.17; club, $1.15; Fife, $1.13. Car receipts Wheat 57. corn 1, hay 2. KELSO UNION BUYS MILL Ice on Pond l-'orces Clobing of Os tr antler Plant. CENTRALIA, Wash., Dec. 17 (Spe cial.) The Allen mill, at the mouth of the Cowlitz River, has been taken over by the shingle-weavera' union in Kelso, and the plant will be placed in opera tion as soon as arrang-ements for Iokb can be completed. The company will be known as the Crescent Shingle Corn pay, with $17,000 capital. Each of the men working in the mill will hold common stock and will accept a per centage or tneir wages in preferred stock. The weavers were planning erection of a mill in Kelso, but when they heard that the Allen mill was to be dis mantled they purchased it. Ice on the pond of the Ostrander Railway & Timber Company has forced the closing of the mill. TENINO HAS NEW BANK Affairs of Closed Institution Will Be Taken Over. CENTRALIA. Wash.. Dec. 17. (Spe cial.) The Citizens' Bank of Tenlno. organized yesterday to take the place of the Tenino State Bank, which closed its doors in September, following the failure of the United States National in this city, is capitalized for 10,000. It will open for business this week. The officers are S. M. Peterson, president; P. C. Klbbe, vice-pr-sident; J. J. Rob erts, cashier, and George Mayes, H. J. Keithahn and Oscar Neuerburg direc tors. The Tenino State Bank was the only one in Tenino and th new Institution will relieve the financial stress under which the town has been laboring for the past three months. LUMBER MARKET BETTER Crais Mountain Plant May Continue for Year at Least. "WINCHESTER, Idaho. Dec. 17. (Special.) The Cragr Mountain Lum ber Company has resumed operations. E. H. Van Ostrand. president of the company, stated that market conditions were better and in all likelihood the mill would not shut down for at least a year. About 3.000,000 feet of lotrs are now in the lake and the company has con tracted with the farmers of that dis trict to furnish, this Winter, an addi tional 7,000,000 feet. Althougrh the temperature is low. the pond where the log's are stored is keot open with, live steam. T& daily cut The First National Bank FIFTH AND M0RJ&IS0N STREETS. CAPITAL AND SURPLUS 53,500,000 Interest Paid on Savings and Time Deposits SIWJi.SUB,tS14,tklUMJIM Security Savings and Trust Company Fifth and Morrison Streets. CAPITAL AND SURPLUS a...... .....-100,000 LADE) & TILTON BANK Established 1S5. Capita! ond Surplus Commercial and amounts to about 200.000 feet. Thta is made possible by the addition of four sets of tbe bis 12-inch wheels for logging-. RIVER RIGHTS GO TO CITY Lewiston Gains Decision Against Xortliern Pacific for Title. LEWISTON, Idaho. Dec 17. (Spe cial.) In a decision handed down by District Judge Edgar C. Steele, the Citiy of Lewiston, as intervenor, wins a decision against the Northern Pa cific Railway Company and others for title to the riparian rights on the Lewiston front at the confluence of the Snake and Clearwater Rivers. This was an important case and the ques tions Involved revert to what rights the Nez Perce Indians and the Federal Government conveyed to Robert Newell by a grant of five and one-half acres at that point. The Northern Pacific acquired title to most of the lands adjacent to the rivers from a point well to the east of Lewiston, following down the Clearwater River to the Snake and up the Snake for a considerable distance, and brought this action to have its alleged riparian rights settled. The decision holds that it was never the intention of the Federal Government when it patented to Robert Newell the five and one-half acres to give him thereby exclusive rights to the middle of the two rivers. MILL OUTPUT INCREASED Falls City Company Finds Business Conditions on Mend. MONMOUTH. Or., Dec. 17. (Special.) The Falls City lumber mill, 12 miles west of this city, has an increased out put this year, according to the sales made and the general amount of tim ber that has been sent to the mill from the Siletz district. Large quantities of logs, measuring in circumference from 18 to 25 feet, have been used. Logging railroads owned by tho company itself now expedite shipping to the mill. The last year has seen a larger amount of lumber used in Polk Coun ty. Dairymen have improved their buildings and many new residences have been erected in the towns of the county. Douglas Tax Levy Is 13 Mills. ROSEBURG, Or., Dec. 17. (Special.) The tax levy for Douglas County, ac cording to a decision of the County Court today, will be 13 mills, or one tialf of 1 mill less than a year ago. This levy will raise approximately $346,716.97, segregated as follows: State tax, $86,412.54; county tax, $74,677.50; school tax, $56,008.12; school library, $800.12; Indian soldiers $800.12: high school, $13,335.27; roads, $114,683.30. DAILY METKOROIAMTICAL REPORT. PORTLAND. Dec. 17. Maximum temper ature, 33. ti decrees; minimum, 2i.4 degrees. River readinK, S A. M.. 4.0 feet: change in last 24 hours, 0.5 foot rise. Total rain fall, 5 P. 11. to 5 P. M.. none: total rain fall since September 1, 1914, 11. 49 Inches; normal, 15.9S inches: deficiency, 4.57 inches. Total sunshine, S hours 39 minutes; possible, 8 hours 39 minutes. Barometer (reduced to sea level) at 5 P. M., 30.06 inches. THE WEATHER. Wind i! J s " o c& a 2. -i " C o 3 cs ; : 01 STATIONS. State of Weatber Baker ........ Boise Boston ....... CalKary Chicago Eienver ....... Dea Moines ... Duluth Eureka Gulveeton .... Helena :Mt0.O0i 4 S K'lear KL'JO.OO 10W K'lear BjO.OOlOlNWiClear 14.0.00I10.S Snow 4Si0.O0. 4i.N" Clear Cloudy Clear ISO. Oli 8.8 IS O. Ool'JO'S uUlO.mii 4 N Clear 400.541S;XR ICloudy ns;o.oui 4'tsvv Clear 50 o.uo -ol.v Cloudy i'S 0.0L''10;S13 Cloudy 58!l.02 6;K Cloudy O.vii 4 N Clear 16 0.0:1S S Cloudy 0 O.OOIl-O SW Pt. cloudy 44:0.(10 loxi; iciear 28 0.00' 14;. NW Clear 4L'jo.OO B Clear 20 U.0OI 4,S Iciear 00 0. 20. 4E: Rail) 2O O.011 4 NWCloudy 33;0.00;12;K IClear Jacksonville Kansas City . . Ios Angeleu .. Marshfiuld . .. Minneapolis . . , Montreal New Orleans . New York .... North Head . . North Yakima , PhomJx Pocatello Portland ....... KotseburfT 30,0.00 4iXW Clear Sacramento . . . St. Louis Salt Lake San Francisco . Seattle Spokane Tacoma ... Tatoosn Island Walla Walla Washington ... Winnipeg 4S 0.SS 4 .VE :Raln 2410.00114 S Cioudy Snow Kam Clear Clear Clear Clear Snow Clear Pt. cloudy 30 0.01 SN'W 4S11.62 14 SE 40i.O0;14jNE 20 0.O0. 4 NE 42-0.00 14LV 42,0.00,20jIS ISiO.OOl 4 W 2S:o.O0 4'XWI 12j0.00'16S I WEATHER CONDITIONS. A moderate disturbance, central oer Northern Saskatchewan is moving south eastward over the Northern Plains Statea. A secondary disturbance is off the Cali fornia coast but has spread Inland over the Basin States; high pressure obtains In other sections of the country. LJght precipitation has occurred in Interior California, Nevada, Utah, Southeastern Idaho. Arizona, Colo rado, lowa. Missouri, Texas. Western New York and Alberta and moderate heavy pre cipitation on the central California Coat. A thunderstorm was reported from Galveston. The weather is warmer In most Interior sec tions, being; 30 degrees warmer in Northern Montana. Except in the San Joaquin Valley In- California temperatures continue below normal throughout the United States. The conditions are favorable for con tinued fair, cold weather in this district Friday with generally northeasterly winds. FORECASTS. Portland and vicinity Fair and continued cold; northeasterly wind. Oregon and Washington Fair, not much change In temperature; winds mostly north easterly. Idaho Generally fair; not much change la temperature. IHEOuORE K. DRAKli, Acting District Forecaster. In Armenia there is a copper mine that has been worked, contlnuouay since pre historic times. S2.000.000 Savins:? Deposits The Canadian B ank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Commercial Letters of Credit Iaaned. Eiekasce on London, Rncland. Boi$kl and Sold, PORTLAND BRANCH. Corner Second and Stark Sts. F. C. MALPAS. Manager. We Make MORTGAGE LOANS Promptly, in Large Amounts, on Improved Realty Capital and Surplus $600,000 LUMBERMENS TRUST COMPANY Corner Fifth and Stark TBAttLiM' (.ill US. Bound For The islands Of Sweet; "A wonderful noli day nitn dlfferentr novel itcenea and delightful experience. Hoand trip, first cabin. Honoluln, $110 Sydney, $437.50. 6V days to Honolulu. 19 days to Sydney. Superb 10.000 ton American Steamers "Sierra." "Sonoma" or "Ventura" (classed 100 Al JLlojda). Unsurpassed cuisine. Ask for folders about Grand Tour of South Seas, including Honolulu, Samoa, Australia, Tahiti, etc, $337.60. Around the world at reduaed rates. Write for illustrated folders with colored maps of tbe Islands of the Pacinc, OCEANIC S.S. CO. SAIMXGS Honolulu Dec. -22. Jan. 0. 1ft, etc. Sydney Dec. 23 ami Jan. ly, etc. 67$ Market St. Saa FcwoiMo, G1. COOS BAY AHU ECRCKA S. S. ELDER KA1I.S SCND.Vlf, DEC. -0, 9 A. M. AKU EVEKV Hl'KDAV THEREAFTER. NOKT1I PACIFIC STEAMSHIP CO. Tlokrt Office Freichl Officw 122 A 3u !St. .'I Foot Nortlirup St. MAJLN 1414. A 1314. V Main 5a)3. A 54'J2. LOS ANGELES and SAN DIEGO Special rate one way and round trip on steamships YALE! AND HARVARD. By rail or steamer. Deo. 18. 19. 25. 2G. 28. 30. Make reservations immediately., SAN FRANCISCO, PORTl.AND fc IOS AN Ci E1I.ES S. S. C. Frank Bollnm JUl Third Strrrf. Main 2IS. A453. COOS BAY LINE STEAMSHIP BREAKWATXB Sail from Alnsworth slock. Portland. 9 P. M every Tuesday Prelcbt and ticket o fie, lower Alnswortb dock. P A c. B. a. a. lin. L. H Keatln. Agent. Pbonea Mln ago. A 2t32 City Tlck.t Office. 10 Six '.a St. C W. Stinger. Agent. Pboaes Marsha'. 4600. a iltl. S. S. BEAYEK SAILS 3 P. M., DEC. 22. SAN FRANCISCO LOS ANGELES The San lianiiwo & Portland S. 8. C.. Third and Washington S1h. ( wltb O.-W. K. Jt Si. to.). lei. Marshall IjOO. A 6121. STE AM S I-i I P Sails Direct lor SAN FRANCISCO LOS ANOKI.CS ANl SAN DIEGO. Today, 2:30 P. M., Dec. 18 SAN I HANtlsCO. I'OHTLAM) & LOS ANUELKS STEAMSHIP CO. Flt.l.NK UOLLA.M, Agent. 124 Third St. A 4-l(. Main 26. American-Hawaiian Steamship Co. Tbs Panama Canal Line." BXPRKSS FREIGHT SERVICE Between Portland, Nevr York, Boston. Philadelphia and Charleston. Kor Iniormatiom as to Kates, Sailing-, Etc. Call on or Address C. D. KENNEDY, Aitent, 2TO Stark Street. Portland. Or. MOHT BOAT FOR THIS DALLE) Sir. State ot Washington Leaves Taylor-st. dock Mon, VVeoL. Frt aay. at II P. M. for The Dalles. Lyle. Hood Hiver. White Salmon. Underwood. Carson. Stevenson. Keturnln. leaves lhe Dalles Sunday. Wed.. Fri., 7 A. M. Tel Main 613. h are $1 including- bertn, on cliiht trip.