TTTE MORNING OREGONTAX, WEDNESDAY, DECEMBER 30, 1914-
ALL-AMERICA TO
CONFER ON TRADE
important Issue, of Credit
Among Those to Be Talked
Over by Delegates.
AMERICAN MONEY PLENTY
Mercantile Connections Between In
stitutions In 'United States and
in Xelgrliboring - Republic
Expected to Ttesult.
WASHINGTON, Dec. 29. All Central
and South American nations have been
Invited by the United States Govern
ment to send their Ministers of Fi
nance and leading- bankers to Wash
ington for a conference with the
Treasury Department officials and
financiers of this -country on financial
And commercial problems confronting
the two Americas as a result of the
European war. Acceptances already
liave been cabled by several of the
countries, and the conference probably
will be held early in the Spring:.
Invitations for the gathering were
Kent formally through the embassies
and legations here. Officials of the
State, Treasury and Commerce depart
ments look forward to the conference
as an important step-toward bringing
the two American continents into a
closer commercial relationship than
ever before. They point out that in
the Pan-American movement lies the
hope of South America for financial
independence of Europe, and suggest
the possibility of New Tork's becom
ing at least & serious competitor with
London for supremacy as a world's
financial center.
Credits Present WIM lenities.
It has long been recognized that the
crux of the difficulties in the way of
commerce between the United States
and other American nations lies in the
question of credits. South and Central
American buyers have been accustomed
to seek and easily obtain long-term
credits in Europe.
At present bankers of the United
Etates do practically no business di
rect with South America and foreign
exchange with countries there is car
ried on through London. Largely to
this has been attributed the compara
tively small amount of trade between
the United States and her next-door
neighbors to the south. When the war
broke out in Europe, South America
Buffered a severe shock to her system
of international business, from which
she has not yet recovered.
, Recently one of the largest North
American banks has established
branches in Rio de Janeiro and Buenos
Aires, with the approval of the Fed
eral Reserve Board. Others are ex
pected to follow. Despite these devel-'
opments, however, there has been so
far no well-defined movement to make
direct banking operations possible.
Plenty of Money Available.
Officials who have heard the plan
discussed expect to see an interchange
of views at the forthcoming conference
that will lead to the establishment of
many connections between houses in
the United States and those in the
principal South American countries,
. with more branches of American banks
- there. " " ' ' " ' - --
Just at present those familiar with
financial conditions here express- the
opinion that money is especially easy
; In this country and that there are
millions of American dollars lying idle
which might well be invested south
of the equator. English capital, which
has long filled this want, is busy at
liome. and it is pointed out ,that the
opportunity is presented for bankers
and business men of the United States
to take their part in the financing of
projects of the growing nations of the
South.
The experience of Secretary McAdoo
with Sir (ieorge Paish, of the British
Treasury, is said to have inspired the
plan for the conference.
IDAHO ! RATE CASE
SHORT L1IVK ORDERED TO KEEP
MILE CHARGE TO 3 CENTS.
Decision by State Commission Follows
Case Presented by Attorney-Oen-l
eral at Request of Pa b 11c.
BOISE, Idaho, -Dec. 29. (Special.)
The Oregon Short Line Railroad Com
pany has been ordered by the Public
Utilities Commission of this state to
discontinue within 20 days charging
more than 3 cents a mile for passen
ger service on any and all of its branch
lines within this state. This order was
handed down by the commission to
night. The action for a reduction in
passenger mileage charged of from 4
to 3 cents was brought by the Attorney
General. The commission In its order sets forth
that the present 3-cent rate charged
on the Minidoka-Buhl and Idaho Falls
Ashton branches is to bo effective pert
manently: but as to all other branch
lines of the Short Line permission is
given to apply for an opoortunitv of
showing that as to such branch lines
it is not unreasonable or discrimina
tory to charge a higher passenger rate
for each mile than is now charged by
that road on its main lines.
The order means a saving in nas-
eenger rates to patrons of branch lines
or me snort Line of thousands of dol
lars. Tho company maintained at- thn
hearing of this case that few of its
orancn lines were paying even on a 4-
cent mileage rate.
CHARITY BALL ARRANGED
Vancouver lire Department to Hold
Event New Year's Kve.
VANCOUVER, Wash.. Dec. 29 fSne
cial.) A grand charity ball, the pro
ceeds of which will be used to aid
worthy families In this city, will be
given- Dy me Vancouver lire depart
ment New Year's eve in Columbia Hall,
Tenth and Main streets.
A committee, the members of which
are C. E. McCall. firo chief: Harrv
Bancroft, J. J. PadVden. and Councilmen
lSlwell. Macley and Englemen, is sell
ing tickets ana has collected more
than f20O. The firemen have a fund
which is being used by the committee
to relieve needy families.
REGAL GREETING PLANNED
Pasadena to Reciprocate by Honor
ing Rosarians in Great Style.
Splendid entertainment is in store for
the Rosarians at Pasadena, reports the
Pasadena Star. Frank J. Hogan, for
marly president of the Rosa Tourna
ment Association of that city, has been
made grand marshal of the parade, and
the Portland organization will have a
place of honor in the pageant.
"The reception to be given visitors
from Portland," says the Star, "will be
on a. par with that offered visiting roy
alty "in foreign countries. Knights of
the Rose and other Pasadenans who at
tended the Rose Festival at Portland
in 1914 feel that the best this city has
to offer is none too good for the Rosa
rians. The entertainment provided
Pasadenans In the Oregon city on the
former occasion surpassed anything of
the sort that ever has been extended
elsewhere to a delegation from the
Crown City.
"The Rosarians are a splendid body
of men and create a fine impression
wherever they appear. They will be a
feature of the parade. W. D. Card,
liege lord of the Knights of the Rose,
said today that arrangements for the
reception and entertainment of the vis
itors were virtually complete. They
will arrive In Pasadena on a special
train on the morning of New Year's
day."
ALL LINES HOLD STEADY
TRAOB IS INACTIVE AT NORTH
PORTLAND . YARDS. .
Only Transactions Are In Butcher Cat
tle Day's Receipts Limited
to One Small Car.
The local livestock market was a dull
affair yesterday. Only a few head of butcher
cattle were sold and they were for the most
part of indifferent Quality. The receipts
were limited to eight head of cattle. 19
bogs and nine sheep, (hipped In by C. E.
Lucke.
In a general way market conditions were
unchanged and the tone was reported steady
to Arm in all lines. The sales yesterday
were:
wt. Prioe.l Wt. Price.
10 cows.... 10S0 J5.75 1 cow 7S0 $.3.j0
1 cow 1170 4.2511 cow U50 5.00
Current prices of the various classes ot
stock at the yards follow:
Prime steers $7.5OS.O0
Choice steers 6.50 7.00
Medium steers 6.12546.60
Choice cows -. 6 00S6.83
Medium cows 5.00 06.00
Heifers o.oowB.oO
calves . t.oofla.uv
Bulls 8.50S4.S
Stags 4.608.0
Hogs
Lljht 6.8007.33
Heavy 0.00.0.75
Sheep
Wethers . 5.256.00
Ewes 4.250 5.70
Lambs .jj-- 6.25tfT.o
Omaha LivesloeK Market.
SOUTH OMAHA, Neb.. Dec 29. Hogs
Receipts. 4S00; market, lower Heavy, $6.95
7.15; :ight. ?6.007.1O; pigs, 53.5O0o.76;
bulk of sales, $t!.U5 7.05.
Cattle Kecelpts. 4500; market, higher.
Native steers, $0.500.uO; native cows and
heifers. 5.2D5.70; Western steers. $6,254
8.23; Texas steers, $0.837.15; Texas cows
and heifers, $5 (67.20; calves, $7&8.
Sheep Kecelpts, 85oO; market, higher.
YearllnKS. $.057.50; wethers. Vi& 4 50;
lambs, 88.75.
Chicago Livestock Market.
CHICAGO, Bee. 2S. Hogs Kecelpts, 42,-
000- market, slow, 10c under jesterday's
average. Bulk of sales. 7.107.20; light,
S6.807.2O: mixed. I6.904S 7.27 14 ; heavy.
$4.857.25; rough, $6.S5o.l5; pigs,
1.2o.
i ' , t M t'nrplnt 8000: market, slow. Na
tive steers, 5.4010; Western steers, J5.19
iffis; cows and heifers, t3.158.20; calves.
$7.23 & 9.75.
Slieen Receipts. 20.000; market, weak.
Sheep, $5,80 416.70; yearlings, $6.85 7.80;
lambs, liK..
M-tal Markets.
NEW YORK, Dec. 2!. Copper Dull;
electrolytic 12.7513.37c; casting, 12.75V
13.12c.
Luad Quiet; 3.7o'gl3.o."e
UMATILLA PROJECT PROFITS
Northern Pacific Frees 40 Land
Owners of Payments.
HERMISTON. Or.. Dec. 29.-(Special.)
Forty land owners on the Umatilla
project have received Isew rears pres
ents from the Northern Pacific Kail
road Company, amounting . in all to
more than $25,000. The road, under
certain conditions, has released all
holders of contracts from payment or
future installments. The company will
reaulre that half of the land under
each contract be improved by October
St. 1915. when, upon satisfactory prool
and recommendation of the project by
Engineer H. E. Kewell, ol iiermiston.
deeds will be given.
This action is the result or errorts
largely .of Mr. Newell. He has per
suaded the company that the original
price of the land was too high and that
the development of the project had
been retarded by high prices.
DAILY METEOROLOGICAL REPORT.
pnnTr.iKn Tree. 20. Maximum temper
ature, 46. S degrees; minimum, 33.0 degrees.
River readinjr at s A. M-, o.u ieei; cse
last 24 hours, O.r. foot rise. Total raintall
(5 P. M. to 5 P. XL-). -Vo lncn; total numu
since September 1, 1914, 12.6o inches; nor
mal rainfall since September 1, 18.87 Inches:
deficiency ot rainfall since September 1, 1V14,
6 22 Inches. Total sunshine December 29,
none; possible sunshine. 8 hours. 43 minutes.
fcjarometer ireauccu w en-.-- 's -
M., 30.19 inches.
THE WEATHER.
z Wind
"
-
X ? 3
g : :
3 : :
State "ot
Weather
STATIONS.
Baker
Boise ..........
320. 00112 SE ISuow
3O;U.0U 4l'NV Cloudy
34 0.36 6!W Rain
22 0.O0' 4, NW Clear
38;0.6S20 N'W Snow
40 0.001 4S Cloudy
82,0. 111S'NW Clear '
16 0.0132iJCW Slear
5610.001 4 SW (Clear,
02:0. 40:22 IN WIClear
30 0.021 S'SW JCloudy
70 1.14! 8 SW (Rain
3210.18I241N WiClear
Boston .........
Calgary ........
Chicago
Denver
Dea Moines...
Duluth
Eureka .........
Galveston ......
Helena
Jacksonville ....
Kansas City....
Los Angeles....
t2.o.uoi :.w iri. ciouay
Marshfield .....
54:0. OOf 6;SW
Cloudy
Medford
44 0.0O1
20o.oO!22NW
28.0.2S lOlSB
72,1.26jl4NW
36 0.34 12ISW
Cloudy
Minneapolis ....
Montreal ......
New Orleans....
New York
North Head.....
North Yakima. .
Phoenix
Pocatello,
Portland
Roseburg ......
Sacramento ....
St. Louis
Salt Lake
San Francisco..
Seattle ........
Spokane .......
Taroiua ........
Tatoosh island.
Walla walla. . . .
Washington ....
Winnipeg ......
Clear
now
Clear '
Cloudy
Cloudy
0010.18
18 8
34:0.00,
5S'0.0o'
80:0.01
4;W
4 W
SiSE
Pt. clouay
ciouay
Cloudy
Cloudy
Cloudy
Clear
4fi0.05
5 SW
4 NW
4 E
4B-0.001
40;0.40:
34,NW!
Snow
32iOX)
41 W
6;N
Cloudy
60 0.0O
Clear
Cloudy
Snow
Rain
42 0.20
12 S
30 0.041 4iNE
4410. 4'14 SW
44 ,0.) VI 14; E
36,0.00 4W
34.0.52 4:SW
-8j0.00l0 SW
Cloudy
Cloudy
Cloudy
Clear
WEATHER CONDITIONS.
A marked "disturbance, central over the
Lakes Region, overlies the states east ot the
Mississippi River; the pressure is moderately
low over the extreme Northwest. High pres
sure obtains from the Mississippi River to
the Pacific Coast. Precipitation has occurred
in Washington, Western Oregon, Idaho, Mon
tana, Wyoming and from the Mississippi
Valley to the Atlantic Coast. A thunder
storm was reported from Jacksonville. The
weather is much colder in Alberta, North
Central Montana and the Upper Mississippi
and Missouri valleys; it is warmer in the
Atlantic States. Temperatures are above
normal In Western Oregon, Northern Cali
fornia. Southeastern Idaho, Southwestern
Montana and east of the Misslssilpl River;
they are below normal in iuo3t other sec
tions, especially the Plains States.
The conditions are favorable vfor nnset
tled weather Wednesday, probably with oc
casional rain in Northwestern Oregon, tor
rain or snow In Washington and Northern
Idaho, and for generally fair weather in
Southern and Eastern Oregon and Southern
Idaho. Winds will be mostly southerly.
FORECASTS.
Portland and vicinity Probably occasional
rain ; southerly winds.
Oregon Generally fair, except occasional
rain northwest portion: southerly winds
Washington Unsettled, probably rain west
and rain or snow eust portion; southerly
winds.
Idaho Generally fair south, probably rain
or snow north portion.
THEODORE V. DRAKE,
Actios; District Forecaster.
WHEAT SALES SMALL
Farmers in Northwest With
draw From Market.
HIGHER BIDS OF NO AVAIL
Limited Sales on Merchants' Ex
change at Advanced Prices.
Shortage in American 'Supply
Anticipated Before long.
Wheat offerings by farmers have ceased.
Prices have advanced so rapidly la thepast
week that sellers have withdrawn from tha
market. Extreme bids put out yesterday,
denoting the urgency of the demand, failed
to have effect on holders. One large firm
of buyers, which has been taking; in an av
erage of 85 cars a day, has. since Christ
mas, been unable to secure more than one
car a day.
At the Merchants Exchange session yes
terday bid prices were raised, but this failed
to bring out more than two lots of wheat.
Five thousand bushels of January club were
sold at $1.28, an advance of l'.i cents
over Monday, and 5000 bushels of January
red Russian were sold at $1.23, the same
price as bid on the preceding day. A 5000
bushel lot of spot club was sold on the
curb at $1.29. This is the highest price so
far paid for this kind of wheat In the local
market, but a half cent better was paid in
the country the day before.
Offers for bluestem on the Exchange were
np 2 cents for early delivery, 1.30 being
bid. Alarcb bluestem was wanted at $1.33.
For spot forty-fold $1.29ft was bid, against
$1.27 on Monday. Red wheat was held at
about the previous day's pricea
Renewed export buying started the East
ern wheat markets up again and Chicago
closed 1 cent higher. I 'Is estimated that
of the huge surplus which the United States
bad at the beginning of the season there
remained on December 1 only 130,000.000
bushela Exports have averaged a million
bushels a day throughout the ' season, and
it la realized that should they continue at
the same rate this country's surplus would
be exhausted some time in April. But in
stead of diminishing, they - have Increased,
and in spite of the enormous crop this
country has raised 892,000.000 bushels the
largest In Its history, the" United States will
be on a domestic basis early in the year un
less the advance in price should curtail ex
ports. Traders who are looking at the matter
from a supply and demand standpoint, how
ever, do not see how this is possible. Ex
porters declare that the matter of price
means nothing to the foreigners at this
time, and th&t they would purchase Just
the same even If the market were lOe high
er. Color is lent to this theory by the fact
that the market has actually had a 10c
advance in less than two weeks, and. If any
thing, foreigners have been more eager than
ever to get the grain.
Barley and oats were strong in the loca
-market yesterday. Country holders of bar
ley have advanced their prlcss SI a ton In
the last three days. At interior points east
of the Cascades $24 is being paid, and now
$25 is being asked by some of the farmers.
Hardly any oats are being offered.
Local receipts in cars were reported by
the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Monday 45 la 3 8 6
Tuesday S2 17 5 3 19
Year ago 300' 12 8 8 6
Season to d'te 11.39S 113S 1374 1307 1161
Year ago 11.366 1622 1431 1127 1633
OBISUOS. -KW8 ARB- . AGJN- , MOVINti
Sales in SUverton, Aurora, aad Independence
Sections.
The closing days of the year are bringing
more activity in the hop market. - Growers
are making no effort to sell and this is hold
ing prices steady at the old level.
The Frank ' S. Johnson Company bought
four lots-In the Silverton section yesterday,
the Hattaberg crop " of 95 bales, 56 bales
from- P. Hook and 44 bales from H. Rue,
also two lotB from dealers, all around 10
cents. .
The Kola Neis Hop Company purchased
the Dental crop at Aurora at a price re
ported to be better than 11 Vi cents. About
250 bales in the Independence section
changed hands between dealers at 10 to 10&
cents..
German advices received by mail yester
day stated that the crop was practically out
of first hands and the market was firmer.
The English and . American crops are also
closejy sold. up. Brewers in all parts ot the
world ' are evidently stocking up at the
present low prices. In this country It is
known that some of the brewers have bought
enough stock for next , year. These hops
have not all been delivered, by any means,
and it would occasion no surprise to find
that in this state the available supply has
been oversold.
Beer sales In the United States for the
month of October, 1914, were 5,686,540 bar
rels, as against 5,456,803 barrels for. Octo
ber, 1913.
GKRMANY. BUYING WOOL IN AMERICA
Trade Has Rumor of Ten Million-Pound Deal
, Cloued.
It is reported In Eastern wool circles that
10,000.000 pounds of wool of various descrlp
tious have been purchased recently In dlf
ferent parts of the country for export to
Germany. If this report Is confirmed. It
will make the wool situation in this countr
more acute than anyone in the trade antici
pated. There was also a rnmor that 10,000,000
pounds had not only been bought In the
West, but had been shipped recently. This
was not taken so seriously, as It was be
lieved such a shipment could not have been
made without the facts leaking out at the
time. That such a Quantity has been sent
to Germany since the beginning of the war,
however, was considered probable.
Italy has also been in the market for
fine domestic wools, and it was evident that
the need of raw material was so pressing
that deals probably would be consluded for
export In the near future.
BANANAS WILL BE SCARCE THIS WEEK
Train Delayed by Floods in Arizona Vege
tables clean Up Well.
With a continued good demand, all kinds
of green produce are cleaning up on the
street. Not many oranges are arriving, and
at- the reduced prices sales are active.
Bananas are scarce. Only three cars were
received last week. Instead of seven or
eight cars, as usual, and as the train this
week will be late, stocks will be exhausted.
This week's train was delayed by the floods
in Arizona and Is due on Saturday.
A car of celery was received yesterday,
but the market was in good shape and the
price held steady.
EGGS ARE WEAK ASP DECLINING
Outside Demand Restricted, Except at Lower
Prices.
Eggs are the weakest feature of the coun
try produce market. While candled Oregons
were held by some dealers at 40 cents yes
terday, others were willing to sell at 37 Vs
cents and predicted cheaper prices today.
Case count sales were made at 36 to 88 cents.
Local receipts are slowly Increasing and the
outside demand Is restricted.
Arrivals of poultry and dressed meats
ere on a moderate scale and prices were un.
changed.
Tho butter market was steady at former
quotations ,
Germany Wants Cascara Bark.
- Mall orders received from London .say of
cascara bark; "The Inquiries have fallen oft
for spot goods, although some outside deal
ers were after a tew parcels for Dutch ac
count. This bears out what our American
friends tell us, via, that Germany Is In great
want of the bark. Our last figure for c L
f. goods came at 84s via Panama. Perhaps
with an order for 10 to 15 tons we might be
able to shade this low price."
Linseed Oil Advances.
An advance of 3 cents a gallon in linseed
oil prices was announced yesterday. The raw
barrel quotations are 61 cents for raw and
63 cents for boiled.
Bans: Clearings.
Bank clearlnss of the Northvestern cities
yesterday were as follows:
Clearings. Balances.
Portland $1,420,278 $ 59.610
Seattle . 2.337. 2ti9 223.615
Tacoma 37S.250 42.5:10
Spokane 503,029 85.714
PORTLAND
MARKET
QUOTATIONS
Grain, Flour, Feed, Etc.
"Merchants Exchange, noon session
January delivery:
Wheat -Rlrt
Asked.
$ 1.31 ii
1,30
1.29
1.24
1-25 V4
31.00
27.50
28.00
26.00
2-7.00
1.34
1.36H
Bluestem 1,30
Forty -fold 1.294
Club 1.28ia
nea rtussian .............. 1.22
Red fife 1.24 H
Oats
No. 1 white feed 80.25
Barlev
No. 1 feed 27. OO
Brewing 27.00
Bran 25.00
Shorts 26.00
Futures
February bluestem ......... 1.33
March bluestem 1.33
February fortv-fold 1.31
1.33
1.35
1.31
1.33
March forty-fold 1.32
February club 1.29 is
March club 1.31
February Red Russian ..... 1.28
March Red Russian ........ 1.24
1.25
1.2S
1.27
1.30
81.50
85.00
27. 7(5
28.50
26.25
..$ 1.28V4
.. 1.23
February red fife 1.25
March red fife 1.2S
February oats S1.00
May oats 33.50
February barley feed ...... 27.25-'
February brewing; barley ... 27.50
February bran ............. 25.25
Kales
5000 bushels January club ....
Cooo bushels January Russian
100 tons January ieea barley
25
MiLLFEiSB spot prices: Bran, szs g 2.o
per ton; shorts, $28Q28.50; rolled barley,
$2939.
FLOUR Patents. $6.20 per barrel;
straights, $6.20; whole wheat, $6; graham,
$5.80.
COKN White. $36 per ton: cracked. $27
per ton.
HAY Eastern Oreiron timothy. (14rls:
grain hay. $1011; alfalfa. $1813.50; Valley
timotny, fiifi2.
Fruits and Vegetables.
Local jobbing quotations:
TROPICAL FRUITS Oranges, navels.
$1.753.25 per box; Japanese, per box, 6&
75c: lemons, $3.5004.50 per box; bananas.
44i4c per pound; grapefruit, $33.75; pine
apples. 7c per pound.
VEGETABLES Cucumbers. hothouse.
$1.752 dozen; eggplant, 810o pound;
peppers. 8 10a per pound; artichokes, 75
S5c per dozen; tomatoes, $1&L25 per crats
cabbage. Ii4?li4c per pound; beans. 12i4e
per pound; celery, $3 per crate; cauli
flower, (litl.Ij per dozen: sprouts. 8c per
pound; head lettuce, 1.752 per crate,
pumpkins, li4c per pound; squash, lc per
pound.
GREEN FRUITS Apples, Sttc0tl.5O per
box; caftabas, $L651.75 per crate; pears.
iipj-.ou; grapes, a.jus3.75 per parrel;
cranberries, $11 per barrel.
POTATOES Oregon. SI ner sack: Idaho.
$1 0 1.15; Yakima. SI.: sweet potatoes. 2'ie
per pound.
ONIONS Orecon. buying price, $1.25 f. o.
b. shipping point.
SACK VEGETABLES Carrots, xl.25 r.er
sack; beets. $1.25 per sack; parsnips, $1.25
per sack.
Dairy and Country Troduce.
Local jobbing quotations:
EGGS FreBh Oresron ranch eu rnnnt.
35&338c: candled. 37i4i4nR Etnn
30c. '
POULTRY Hens. 1213c; Springs, 10
11c: turkeys, dressed. 21t22c: live. 17
18c; ducks, ll14e; geese, 10 11c
cuiinK creamery, prints, extras, 84 He
per pound in case lots; ic more in less
than case lot: cubes, 30c.
CHEESE Oreaon trlDleta lobbera htivlti
price. 15c per pound f. o. b. dock, Portland;
touiiK Americas. 16c per pound.
VEAL Fancy, 1212V4c per pound.
PORK Block. 2tte per pound.
Staple Groceries.
Local Jobbing quotations:
SALMON Columbia River one - pound
tails. $2.30: per dozen; half - ponnd fiats,
$1.50; one-pound flats, $2.00; Alaska pink,
one-pound tails. $1.05. '
HONEY Choice. $3.25 per case.
NUTS Walnuts, 15 4J24C per pound;
Brazil nuts, 15c; filberts, 1524c; almonds,
23&21c; peanuts, 6c; cocoanuts. $1 per
dozen; pecans, li)2uc; chestnuts, 12 ii
13c -. .. ..-
BENS Small white, 54c: large white
o.ii-c; unm, Site; pink, 4 He; Mexican,
Ghisc: bayou. 6.35c.
COFFEE Roasted, In drums. lSii33Hc.
SUGAR Fruit and berry, $5.75; beat,
$3.55; extra C, $5.25; powdered. In barrels.
$6.00.
SALT Granulated. $15.50 per ton- haJf-
grounl, 100s. $10.75 per ton; Cos, lll.SO per
ton; dairy. 14 per ton.
RICE Southern head, 6K6iac; broken,
4c
DRIED FRUITS Apples. So ner nound:
apricots. 13opl5c; peaches, 8c; prunes, Ital
ians, &uc; raisins, loose Muscatels, be; un
bleached Sultanas. 7ifcc: seeded. 8 V c
dates, Persian, 77o per pound; lard.
jl.-o per pox: currants, 9 ciac
Hops, Wool. Hides. Kte.
HOPS 1914 crop, 912c; 1913 crop, nomi
nal. HIDES Salted hides, 14c; salted bulls,
10c; salted calf. 18c; salted kip. 14c; green
hides, ISiio; green bulls, 8Hc; green cair,
18c: green kip. 14c; dry hides, 25c: dry
calf. 27c
WOOL Valley. 17018c;, Eastern-Oregon.
iu&.'vc nominal.
MOHAIR 1914 clip. 27i4c per round.
CA3CARA BARK Old and new, 424Kc
per pound.
PELTS Loni wool dry pelts, llo; short
wool dry pelts. So; dry sheep shearings. 10
15c each; salt sheep shearings, 15 325C
each; dry sroat skins, lonsr hair, 1212iic;
dry goat shearings, 10 (ft 20c each; salted
sheep pelts, November, 75g90c each.
Provisions.
HAMS Ten to 12 pounds. 18919c; 14 to
IS pounds. i (Blue: picnic, 12c
BACON Fancy, 272uc; standard, 33 &
24c.
DRY SALT CURED Short clear backs.
ldwioc; exports, iiioc; pates,
LARD Tierce basis; pure, 12 12 He
compound. 8 o.
Oils.
KEROSENE Water white, drums, barrels
or tank wat?ons. ioc;- special arums or bar
rels. liVic: cases. 17 20 He
GASOLINE Bulk. 13c; cases, 20c; 'engine
alsuiiate, arum, 7Hc; cases, 14H.C; naptha.
arums. 1 -(' . catses. ivc.
cases. Oik:; boiled, barrels, 63c; boiled!
TURPENTINE In tanks, 60c; In cases.
V 4 v , iu-maa iuib, ic lean.
Coffee Futures.
NEW YORK, Dec. 29. The market for
coffee futures was lower today under nmA
scattering liquidation and a little trade-
selling, wnicn appearea to be promoted
by reports of a slightly easier cost and
freight situation. The opening was at a
decline of 5 to 7 points, and the market
closea at a net loes or 11 to 14 points.
Sales. 4500 bass, including exchani frnm
January to March. December and Janu
ary. o.ic; eoruary. 6.06c; March, 6.15c;
April, 6. 25c; May. 6.34c; June, t25c; July,
7.14c; August, 7.20c; September, 7.27c;
October, 7.33c; November, 7.39c
Spot, quiet; Rio, No. 7.. 7c; Santos.
No. 4., 10c. Rio unchanged. Santos, 100
reis lower, at $4.00.
- Naval Stores.
SAVANNAH, Dec. 29. Turpentine, firm,
41c; sales. 253 barrels; receipts, 828:
shipments, 161; stock, 35,993.
Rosin, firm; sales, none; receipts. 4125
barrels; shipments, 367; stocks, 150.263.
Quote A, B. $3.97: C, D, $3.12; E. F,
$3.13; G, $3.17- H, $3.20; L. $3.50; K,
$4.00; M. $4.50; N, $5.50; WC, and WW,
$5.75..
ir York Sugar Market.
NEW YORK.' Dec 29. Raw sugar firmer;
centrifugal, -1.07c; molasses, 3.42c Re
fined steady.
Sugar futures opened steady. At noon
prices were 2 to 3 points net higher on
sales of 200 tons. The street market eased
off later on sales of 10.000 bags of centrifu
gal for December shipment at- 4.01c. The
closing prices were 4.01c to . 4.tfeo for cen
trifugal and 3.30c to 8.43c for molasses
sugar. '
Cotton Market. v
NEW YORK. Dec. 29. Spot cotton, quiet.
Middling uplands $7.0. No sales.
Cotton futures 'closed steady, net un
changed to four points lower.
Dried Trulls at New York.
NEW YORK. Dec 29. Evaporated
apples, quiet. Prunes, steady. Peaches,
dull. -
Duluth Linseed Market.
DULUTH. 'Dec. 28. Linseed, cash, $1.60 y.;
December, $L60.
ADVANCE IS HALTED
Stock Market Affected by Pro
test to Great Britain.
DEALINGS ON SMALL SCALE
Deeline in Sterling Exchange May
Open -Way for Return of Some
of Gold Shipped to Ottawa in
Early Stages -of War.
NEW YORK, Dec 29. More than at any
time since the renewal of business on the
Stock Exchange, today's market was gov
erned by conditions having their outgrowth
in the Xorelgn war. The representations
made by the Administration to England, pro
testing against further detention of Ameri
can marine commerce, caused an abrupt halt
in tne advance in prices, which was in full
swing at the previous day's close. Wall
street viewed the subject from various angles
ana tne general opinion seemed to be that a
new and significant development had been
projected into the International situation.
The market opened with its accustomed
Irregularity, leading stocks evincing heavi
ness, with a few gains among unimportant
Issues. From that level a rally ensued, the
recovery In a few Instances restoring stocks
to the preceding day's best. Before midday
the list fell back again and for the balance
of the session no Important changes were
recorded.
Dealings showed a marked falling off In
comparison with recent full sessions and such
trading as was shown came mainly from the
operations of the short interest, with a
sprinkling of liquidation, especially In the
Rock Island bonds, which made sharn de
clines of two to almost five points.
Anomer aecune in exchange on London to
the lowest price in almost IS montha rave
rise to some discussion of gold imports.
i ti uiit-1 a were unanimous In declaring that
this market cannot hops to get gold from
London, but a return of some of the gold
shipped to Ottawa in the early stages of
the war is within ths range of probability.
Time money was quotably unchanged, but
it was reported that several 80 and 60-day
loans were made at rates under the present
low quotations.
Bonds, irregular. Total sales, par value,
$1,085,000. There were minor advances In
all issues of Government bonds on call.
CLOSING STOCK QUOTATIONS.
Closing
Sales.
6,000
7,700
800
100
High. Low.
Bid
Aleska Gold ..
A m a. 1 Copper ..
Am Beet Sugar
27 26
26
61
32
25
65
99
103
117
217
25
62
6Sii
84 H
15H
154
36
40 Vi
10
87
122
33
20
21
5
8
31
21
138 H
52Vi
33 H
2534
51
82U
25 H
American Can..
Am Smel at Ret .
do preferred.. .
Am Sugar Ref. .
Am Tel & Tel. .
Am Tobacco . . .
Anaconda Mln.
Atchison 1
Bait at Ohio . .
Brook R Tran..
Cal Petroleum.. .
Canadian Pao ..
Central Leather
Ches & Ohio ..
Chi Gt Western
C. M A St Paul
Chicago & N W
Chino Copper ..
Col Fuel & Iron .
Col & Southern. .
D & R Grande. .
do preferred.. .
200 118
118
"25
62
68
64 is
154
30
40 H
10Vi
88
12
33
800
400
800
200
"800
700
200
200
100
100
800
25 i4
92H
69 Vi
fc4H
154 H
87 H
40 H
10 i
88
322
33 Vi
Distillers' Secur
Erie
Gen Electric . .
Gt North pf . ..
Gt North Ore..
300
1,200-
11
22 H
11
21
1.000 113
112 113
25
'43
Guggenheim Ex .
Illinois Central.. .
Interbor Met pf
Inspiration Cop
Inter Harvester .
K C Southern .. .
lOi
60
16
89
21
129
115
53
16
7
9
118'.i
43
11
83
55 H
98 H
99
39
25
104
150H
35'A
143
18
1
8
82
14
31
330
116
78
49
104
48
15
67
500
500
50
16
60
16
Lehigh Valley..
Louis & Nash..
Mexican Pet . .
Miami Copper..
Mo, Kan & Tex
Mo Paclflc ....
Nat Biscuit . ..
National Lead..
Nevada. Copper.
N Y Central . . .
N Y. N H & H
Norfolk & West
Northern Pac ..
Pacific Mall ...
1.500 130 129
300
2110
100
100
64
17
8
07-
63
16
8
8
soo
400
400
11
83
56
31
83
64 .
2,000 99 98
Pac Tel oc Tel.. .
Pennsylvania ...
Pull Pal Car. . .
100 104 104
Ray Con Oepper 600 -3 5
Reading 10,100 143 H
Repub I AS
15
142
"''"
1
'S2i
34
31
iir
79 h
304 5
4S
Rock Island Co
do preferred..
St L & S F a pf
Southern Pac ..
Southern Ry . .
Tenn Copper . .
Tejras Company
loo
10O
' i'.ooo
600
200
1
82
34
31
L.nlon Pacific
.4,400
100
. 5.100
2000
SOO
ne4
79
49
104
49
do preferred.
U S Steel
do preferred..
Ftah Copper . .
Wabash pf
Western Union.
son 68
200 68 H
57
Westing Elec
68
Total sales for the day, 59,000 ah area
BONDS.
U S Ref 2s, reg. 7
f Y c a 8a b 78
ao coupon.... 97
U S 3s, reg 104
do coupon. ... 104 Vi
U S N 4a reg.. 108
do coupon. .. .109V4
Nor Pao 3s 62
do 48 89 H
Un Pac 4s. bid.. 94
So Pac 5s 96
Money 'Exchange, Etc.
NEW YORK, Dec 29. Call money steady;
hi.h, 3 per cent: low. 2; ruling rate,
2 : last loan, 3; closing bid, 2; of
fered at 3.
Time loans dull; 60 and 00 days, 34
per cent: six months. 3?i4.
Mercantile paper, 4p4H per cent; ster
ling exchange at decline; 60-day bills.
$4.82; for cables, $4.85 65; for demand,
$4. So.
Bar silver. 48 c.
Mexican dollars, 37 e.
Government bonds strong; railroad bonds
Irregular.
SAN FRANCISCO. Deo. 29. Silver bars.
4Sc.
Sterling exchange Demand. $4.85; cable,
$4.65. - fl
LONDON, Dec. 29. Bar silver. 22 d per
ounce.
Money. 1 H per cent.
Discount rates Short and three months,
2 per cent.
SAN FRANCISCO PBODCCB MARKET
Prices Quoted at the Bay City on Fruits,
Vegetables, Ktc.
SAN FRANCISCO. Dec. 28. Fruits
Lemons Fancy $2.50g.3; choice, $22.25:
standards, $1.501.75; Hawaiian, $1.2549
1.75; pineapples, Hawaiian. 45c per pound,
apoles, California stock, Winesaps, 6070c;
bellefleurs (cold storage), 50 if 75c; Oregon
stock. Spitsenbergs. $11.65: Newtown
Pippins. 85c$1.25; Winesaps, $11.25.
Vegetables Cucumbers, 35&50c; beans,
512-c; peppers, 47c; tomatoes, 805uc
Eggs Fancy ranch, 46c; pullets, 38c; stor
age, lc. -
Onions Yellow, $11.15.
Cheese Toung America. 12V4S113C; new,
1012 He; Oregon, 14 c; Young America,
10c. - . -
Buttar Fancy creamery, 29c; seconds,
27Vtc
Potatoes Delta Burbanks. per sack. $1;
sweets, $1.75 1.95 per sack; Salinas Bur
banks. $1.50 4j 1.70: Oregon Burbanks, $1.25
1.40; Idaho. $11.25.
Rec3ipts Flour, 609O quarters; barley,
1155 centals; potatoes, 625 sacks; hay, 70
tons,
Chicago Dairy Produce.
CHICAGO. Dec 29. Butter, higher.
Creamery, 24 34c.
Eggs Unsettled. Receipts, 4812 cases; at
mark, cases included, 22'jf23c; ordinary
firsts, 30golc; firsts, 38l33c
Hops, Etc at New York.
NEWi YORK, Dec 29. Hops, quiet.
Hides, steady. Leather, firm. Lard,
steady; refined, quiet; compound, steady.
Tallow. 'steady. Wool, steady. Rye, steady.
BRIDGES COST $21,247
Clackamas Court Checks Over Bills
for Construction of Spans.
OREGON CITY, Or, Dec. 29 (Spe
cial.) Bills for the construction of the
Barton brldgre across the Clackamas,
and the Meadowbrook bridge across the
Molalla River, were checked over by
the County Court today.
The bills for the two bridges amount
to $21,247. On the recommendation of
engineers the court refused to pay $598
for "extras." C. H. Pursell, chief bridge
engineer for the State Highway Com
mission, appeared before the court. The
two bridges are among the best in the
county. Both, axe of steel construction.
The First National Bank
FIFTH AND MORRISON STREETS.
CAPITAL AND STTRFLUS S3.500.000
Interest Paid on Savings and Time Deposits
Security Savings and Trust Company
Fifth and Morrison Street.
CAPITAL AND SURPLUS ,J...Jt...... S40O.00O
THE BANK OF CALIFORNIA
NATIONAL ASSOCIATION
of San Francisco. Founded 1864
Capital Paid In ... .$8,500,000.00
Surplus and Undivided Profits $8,271,525.33
Commercial Banking. Savings Department.
PORTLAND BRANCH
Third and Stark Streets
LADD & TILTON
BANK
Established 1SB.
Capital and Surplus
Commercial and
I
Fresh Export Buying Raises
Prices at Chicago.
ARGENTINE ESTIMATE LOW
Expert Places Snrplas at but Ldttlc
Over 100,000,000 Bushels.
Earl 'Market Affected fey Dif
ferences "With. Great Britain.
CHICAGO, Dec 29. Fresn export easiness
on a liberal scale more than offset In the
wheat market today the disturbing Influence
of differences with Great Britain about
American shipping. After rallying from a
sharp decline, prices closed unsettled, but
to 1 cent above last night. Cora gained
to 1 cent net and oats H to tp hi cent.
In provisions, the outcome was a drop of
2tt to 10 cants.
Wheat values went rapidly down grade,
at first under free selling by timid hold
ers and by speculative bears. Many stop
loss orders came into play, and at the ex
treme low point reached the market In some
cases had fallen as much as 2'i cents be
low the previous close, before beginning to
react. Lively buying of wheat In tne lasx
hour followed receipt of a cable to a lead
ing Chicago house that the Argentine sur
plus would not come within 26,000,000 bush
els of the recent estimate of 130,000,000
bushels.
Corn developed strengthi based largely on
predictions of a cold wave.
Heavy export sales of oats resulted from
a small break In quotations early,' owing to
sympathy with other gTaln,.'..-
Packers unloaded provisoes.
The leading futures ranged aa follows:
WHEAT.
Open. High. Low. Close.
Dec. 11.26 J1.27H $1.24'i 1.27H
May 1.H0H 1.27i 1.29
July 1.19Ji l.liOVi 1.18 3.20V4
CORK.
Dee. 60 , .67 H .M .67 H
May 73Vi .73 -72H .73
July 741, .75 .73 .75
OAT3.
Dec. 40 H -40 ?i -49 .49
May 63 W .5414 -53 4 .84
MESS FORK.
Jan. 18.521, 18.60 18.52H 18.55
May ......19.30 1.S0 19.0714 19.1214
LARD.
Jsn 10.40 10.4214 10.8714 10.4O
May 10.6714 10.6714 10.60 10.6O
SHORT RIBS.
Jan. 10.22H 10.2214 10.1214 10.15
May 10.60 10.60 10.S0 10.50
European Grain Markets.
TjOrT-JON. Dec. 29. Cargoes on passage,
firm.
" LIVERPOOL, Dec. 29. Wheat not quot
ed; corn opened unchanged to 14 d. lower;
closed, January, 6a 3!d. ; February, 6s.
3 lid.
Minneapolis Grain Market.
MINNEAPOLIS. Dec 29. Wheat No. 1
hard. $1.27; No. 1 Northern. $1.2314 1.2614 ;
No. 2 Northern. $ 1.20 14 1-2414; December,
$1.2214.
Barley 6066c; flax, $1.56141.60H.
Baa Francisco Grain Market.
SAN FRANCISCO, Dec. 29. Spot quota-
slan, $1.U7 14 2; Turkey red. SZtg 2.0:i; blue
stem, $2.07 14 2. 10; feed barley. 1.3u; white
gnu, fi.i V'i 1 1 . . i 1 . i . u vj , uiiu
dllngs, $30 if 31: shorts. $28(g-
Call board Wheat firmer, ilay. $2.15 bid,
$2.40 asked. Barley, firmer. May $1.4214;
January, $1.30.
Paget Sound Grain Market.
TACOMA. Dec. 29. Wheat Bluestem,
The
Canadian Bank
of Commerce
HEAD OFFICE
Toronto, Canada.
Established 1867.
A general banking business
' transacted.
Interest paid on time deposits.
Commercial Letters of Credit
Issued.
ExebanKe on London, Knffland,
BonKht and Sold.
PORTLAND BRANCH.
Corner Second and Stark Sts.
F. C. MALPAS, Manager.
WHEAT
GAINS
GEN
S2,OOO,OO0
Savings Deposits
$1.2S; fortyfold. $1.27; club, $1.20; Fife.
$1.22.
Car receipts Wheat 16, barley 1, oats 1.
hay 12.
SEATTLE. Dec. 20. Wheat Biuostem.
$1.29; turkey red, $1.24; fortyfold, $1.S.
club. $1.27: Fife. $1.23: red Russian. $1.L
Barley, $20.50 rer ton.
Yesterday's car receipts Wheat 53, oats
4. barley 19. hay 53. flour 7.
We Make
MORTGAGE LOANS
Promptly, in Large Amounts,
on Improved Realty
, Capital and Surplus $600,000
LUMBERKENS TRUST COMPANY
Corner Fifth and Stark
TRAVELERS' OTIDK.
i.Dan Cupid Has an)
easy tasK-
rpYjS' 14 vjnmere lovers
-4&tf in the tf
in . . All I.-W-I3 Ma . a
tnnnn a :
Sonoma Sierra" and "Ventura" (rated 10O
Al Lloyds) of tho Sydney Short Lino save
been the scene of many a happy meeting. The
comfort, convenience and the fast time 1 19 days
to Sydney) have made the Sydney Short Lino
deservedly popular. Round trip to Sydney.
$337.50 Honolulu. $110. Grand tour of South
Seas. Honolulu, Samoa, Australia and Tahiti.
$337.50. Aroand the world at reduced rates.
Write for illustrated folders with colored map of
the Islands of tho Pacific
OCEANIC S. S. CO.
673 Market Street
San Francisco. Cal
SAILINGS
Honolulu Jan &,
19. Feb. 2. etc.
Sydney Jan. 1
and Feb. 1 6, etc
San Francisco
LOS ANGELES AND SAN DIEGO
S.S. ROANOKE
Balls Wednesday. Dec 30. at 6 P, M.
NORTH PACIFIC STEAMSHIP CO.
Ticket Offico H Freight Office
122 A id M. H Foot Northrup (it.
Main 1314. A 1314 Main C203. A 6422
JTlnllT BOAT FOR THP3 DALLES
Sir. State of Washington
leaves Taylor-st. dock Mon.. Wed., Fri
day, at 11 P. M. for The Dalles, Lyie,
Hood River, White Salmon, Underwood.
Carson, Stevenson. Returning-, leaves
The Dalles Sunday. Wed.. Krl., 7 A. M.
Tel. Main 613. .Fare $1. including berth
on nipht trip.
American -Hawaiian Steamship Co.
"The Panama Canal Line''
EXPRESS FREIGHT SERVICE
Bttwws Portland, Xw York, Boston.
Philadelphia and Charleston.
For Information as to Rates, Sailings.
Etc., Call on or Address
- C. I). KE.ED1', Aaent,
270 Stark Street, Portland. Or.
S. S. BEAR SAILS S P. M-, JiS 1.
SAN FRANCISCO
LOS ANGELES
The Ban FTanrixco Portland S. S. Co.,
Third and Washington Sts. (with O.-W. K.
at f. Co.). Tel. .Marshall 4500. A 6121.
STEAMSHIP
Sails Direct For
SAN FRANCISCO
LOS ANUELES ASU SAN DIEGO.
Today, 2:30 P. M., Dec. 30
BAN FHANC1SOO. PORTLAND
LOS ANGELES STEAMSHIP CO.
IHANK .ttOLLAM. Agent.
124 Third tit. A 4..UB. Main 26.
STEAMER SKKVirH
Steamer "HARVEST QIKEN"
leaves Ash-street Iock dailv ei
t-ept Samrday, 8 P. M.. for As.
toria and way points. Keturnlnf;,
leaves Astoria, daily except Sun.
Usy. 7 r M.
Tickets and xeservai Ions at O.-W. R. N.
City Ticket Office. Third and -Washington
streets, or at Ash -street Xock Phonee:
Marshall 4500. A 8121.
COOS BAY LINE
STEAMSHIP BREAKWATKS
Ealte from Alnsworth Socle. Portland, f T.
Id. avery Tuoadaj. Frolsht and ticket o'Jlam
lover Alnsworth doca. P. se C B. a. 8. Ian.
1 U. Keattns;. Agent. Phones HCa aos. a
3SI2. City Ticket OUleo. So 1HU 81 C W.
buusatr. Aslant. Phosas Marshal 4av. UU.
A