THE MORNING OREGONIAN. TinJRSIAT, JAXTTAJlT 7, 1915.
17
WHEAT 60ES1DM8
May Bluestem Tops Market
for Season.
LOCAL TRADE IS HEAVY
6rcnt-l'ive Thousand Bushels Sold
on Merchants Exchange Ad
vance Los Kapid Than on
Preceding Day.
Wheat ellers on Uie Merchants Exchange
ytertlay were not alron In their view
as the d before, and the allghter advances
In bids were productive of more business.
6eventy-flve thousand bushels changed
fcands, making it he heaviest day'a trad
ing iu -a beat the exchange ha known. The
total !oe of all transactions was $120,700,
iso a record for the local board.
The feature of the day was the aale of
20.Ov0 bushels of May bluestem at a price
Within 2 cents of the predicted $1.50 mark.
The day's sales In detail were as follows:
Bushels.
S.tv-o February bluestem 11.41
B'.K March bluestem 1.43 H
4,0 March bluestem 1.43
5,(XK March bluestem 1.4
SO MM) Mav Mile stem 1-48
.000 February club 1.8
6.0-w February forty-fold I-
Tons.
300 prompt oats 32.-5
February oats 38.M
J00 February feed barley 2.iM)
The reaction at Chicago, where May wheat
dropped back Hi cents, and the 8-cent de
cline In spot wheat at Liverpool, took some
of the bullishness oat of the market, but,
nevertheless, did not prevent an advance.
The openlnc February bluestem at
$141 was at a rata of 3 cents over Tuesday.
There were two sales of March a relating
."." 00 bushels, at the previous day's price
and at third sale a half cent better. The
risl in May bluestem was at a 2 -cent id-
vane. Club and forty-fold sales were at
gains of - and 3 cents, respectively.
Not mucb bulii-sa was done In the coun
try wheat markets, bdt where sales w
iiiado, the prices were reported even better
than those prevailing; here. California u
buying milling wheat more freely.
Oats sales on the Exchange were a quar
ter higher for prompt delivery, but Febru
ary vats made no gain. February barley
s-W.I a dollar higher, i onntry reports told
vt buying barley for fMd. and there
export Interest In the cereal here.
Local flour prices were not changed, and
It as announced there would be no altera
tion in quotations today. Mill feed was
strung at the previous dny's advance.
Local receipts. In cars, were reported by
the Merchants fcxchangf as follows: ,
Wheat BarU-y Flour Oats Hay
Taooma .....a.......... 434, S3
Spokane fc47.513
PORTLAND
MARKET
J"" Tdifc en i inn qinc
QUOTATIONS H ill I I I I ill
1 IIIIIM WHMIBBW -WSVM
Csrain, Floor. Feed, Etc
Merchants" Exchange, noon session:
Prompt delivery:
wheat Bid. ASK.
Bluestem $ LCS f 1.2s
Forty-fold 1.27 lit
Club 1.35 l.JT
Red Russian 1:9 1.21
Red fife 1-10 1.23
OS.U1 - -
No. 1 white feed l: 00 Zl.S
Barley
No. 1 feed 27.50 :s.(
Brewing 1S.00 18.50
Bran 27 25 -1.00
Shorts 28.UO .5
Futures .
February bluestem - l.M 1.3
M.rih hlueslem 1.42 1.44
May bluestem 1.41 'i 1.4S54
February forty-fold 1.35 hm
March forty-fold 1.42 1.43H
February club 1.3. l.-sVi
March club l.! 1.41Vs
February red Russian .... 1.3r 1.34
March red Russian 1.35 1.37
February red fife 1.33 1.36
March red fife 1.30 1.3
February oats 33.44 "3.2o
March oats 34.00 3 4.5
May nam 3.00 J6.o
February feed barley :8.7 :9.00
March feed barley ?.: 50
v.hmirv hrcKin. harlev.. "S 50 9.s0
February bran ,. . . ?".90 -'--
Ffbraarr shorts . .. -. O0
Chicago Wheat Traders Bring
About Reaction.
MARKET CLOSES WITH LOSS
Desire to Realize on Holdings Is
Cvident From Outset of Session.
- Even Exporters Unload When
Profit Is in Sight.
CHICAGO. Jan. 0. Belief prevailed today
with a majority of wheat traders that at
least a temporary reaction was due after
the sudden big advance during the last
MIULFEETD Spot prices: Bran, $282.50
Pr ton: shorts, fisutfsv.du; rouea
t'lvr.nff.fa.so.
KLOUR Patents $.40 a barrel: straights, fcw days. Accordingly, the market averaged
aa.-iu; wnoie woi, o..u, ., i aecidecuy lower than for the preceding ses-
CORN White, fJO per ton: cracsea, - Sion and although unsettled at the finish.
closed 1 Mi to 14 a 1 ls cents unaer lasi
oer ton.
hai eastern
Oregon timothy. $130
15.50: Valley timothy, 13 13.0, gram nay,
HO.iOtfll; alfalfa, J13il3..o.
night. Other leading staples, too, all showed
a setback corn . to cents: oaxs.
cents and provisions 7i to 15 & 17 hi cents.
Iesire to realize on holdings rather than
to undertake fresh commitments at present
was evident from the outset In the wheat
pit. Even exporters were said to be re-
Frnita and V rye tab lee.
Iral lobbing Quotations:
ironnifiT wr fttts nranc-ea. navala.
LTaeitt per box; Japanese, per box. 90c "jLVi?1-. rl!!
.. - i ea&is t. r n. t-.-r nananai, i -
1 , ICUUUt, fWUV.f"
AreZXLf nmr nound: arapefrult, -
rrt!and "
r .iko i ..
h-i-'n t. date. 11M1 II. i
ar ago II-".". 1710
1 atoms., Tuos. .1H i
K-'as'n to lau'. CS-- CHI
ultie. Aln ... t 7
brain to date. Z4'.4
)4'3 1344
334
1
3
&
1667
IS
lt(ML S.I.i KK 4.9OO.00O IOlD9
More Activity Ks-ported In Kaaterts .Markets
and fiirr Mroag.
'o-l business uas more actie in the
T-'ton market in th pastt set'k, transfers
jt: .paling over !.00,(H0 pounds. Full
frtrcs wi-re paid for territories. Details
of the business were not made public, but
substantial lots of t(uarter-bIuoJLs bae been
at rbed at -'''- to rents. Parcels of
51 t. tan half-bloinl and thre-eighths-blood
lnvf cha;igt-d hanits ut 2 cents. Quota
tior.s f trrttor on the scuurcd basis are
g:en as follows: t in s cents for fine
tapir. to ft conts for half-blood eta pie.
hZ to i cents fur three-eighths-bluod
tapi. i) to (3 cents for quarter-blood
uple. fine clothing wools are selling on
the Kfurrd basis of iS to cent, or a
fr tlt-n more, with fne medium at 54 to
6 irnts.
rr! thousand baits uf scoured wools
constitute the nrivpminl of the week In
that direct ton. Lots of choice fine have
brought as high as M rente. The range
tt quorsttnns for fine is 28 to (1 cents,
f-Trnrlv th htghest funre asked being1
listen advrrs say:
In of te bullijihnt'ss of unsold
to, Lf ef C'.'ilJ.ii pound at the end of 1913,
ttiai'iifarturer who nexlfcted to cover
re1utreni"nta are thought to have waited
t l'ng fur their i'n good, fcomo grades
r- strong and cxflei. As the wool trade
lis plenty of fr-.e capital on hand, the
iru.ituri looks very Mrmic generally, though
rrlit:ore are .inew hat irrcRiiIar, with cer
tain wov'ls dull anil neglected."
Demand for Hope W larger.
T'e demand for hx is mueh better than
It w.is at the rle of last week. No sales
by grower w.-re reported yesterday, but
err,tl htnulr'd balen of mediums changed
hsnl betf-n (le-Miers at 9 to 11 cents. The
market is quoted at I: to 13 cents for the
bet grades.
nlneannlea. 7c per pound
VEfiETiBLES Cucumbers, hothouse.
SL75fes2 ddxen: eggplant. 810c pound;
peppers, 810c per pound; artichokes, 750
S5c per doxen; tomatoes, l per cr,
cabbage lttflso per pound; beans, 12c
per pound; celery, io0 per crate; cauli
flower. $.23 per crate; sprouis, o
pound; head lettuce, $1.G&2 per crate;
DumDklns. l'c per pound; squash, lc
twe nnund.
GREEN FRUITS Apples. 60c II. 50 per
box; casabas, 91.65 per crate; pears,
grapea, 93.50'uo.u per o".
berriea. 9 la 11 Der barrel.
potatoes Oreiron. 91 per sack; Idaho.
911.10; Yakima, 91j1.10; sweet potatoes.
2a per pound.
ONIONS Oregon, buying price, 91.25 f-
b. shiDDicr point.
SACK VEGETABLES carrots, 11.0 pes
culty In obtaining immediate ocean freight
room. N umerous rallies took piuce m tne
wheat market, but quotations here at no
time succeeded. In equalling yesterday's top
level.
Corn acted heavily In sympathy with
wheat.
Oats merely reflected the course of other
cereals.
Provisions sareed. Influenced bv frrain
Pr and hogs.
rnsh prices were:
Wheat No. 2 red. S1.8301.85K: No. 2
hard, 91.3&1.35tt.
Corn No. 2 yellow. 70l.370c: NO. S
yellow, eS t!9Hc
Rye No. 2. 9t.l3114.
Barley G"i 7Bc.
Timothy $;.00J? 7.-"t.
Clover 912.50air.v-0.
Futures ranged as follows:
May
sack; beets, $1.25 per sack;
per sack.
parsnips, 1.23 July
Dairy and Country Produce.
Local lobbina ouotatlonsr
vr.r.3 Fresh Oregon ranch, case count.
!!,. randud iwc i storace. I5520c,
"POULTRY liens, large, 15c; mixed, 13H
14c; Springs, 12 13c; turkeys, dressed,
Mi live. I7c; ducks, 1214c; geese.
BUTTER Creamery, prints, extras, S2c
Der oound In case lots; He more In less
hon lota: cubes. 27029c.
rHEF.sE Orexon triplets, jobbers buying
nrlce. 15c per pouna I. o. d. ooch, rwruwm,
Young Amencaa. jw jcr yuuuu.
VEAI. F"ancy, 12i&I3c per pound.
POItK Block, life t 10c per pound.
Staple Groceries,
M-t inKhtn auotations:
SALMON Columbia River one - pound
ton. t -i4, Mir dozen: naii-pouna nsis,
91. AO: one-pound flats, 92.50; Alaska pink.
one-pound tails, l-o..
iiavd-v I'hnin SJt 2."; ner case.
NUTS Walnuts, 15&-'4c per pound; Bra-
sll nuts, 15c; filberts. 15&24c; aimonas, c
u24i.; peanuts, tuiuuui,
iosen; pecans, 1042uc; chestnuts, 12(15e.
REANd Small white. 4c; large white.
5.15c: Lima. 6Vjc; pin, else; aiex.can. o-u;
havnll H Itlts?.
' . i s j ton iTJU
(Vlh KK Iv ttoasieu. IU ui uuta, io7i'r w
fit'GAH Fruit and berry, 15.73; bet.
Mav
July
May
July
Jan.
..19.02
May ......19.50
WHEAT.
Open. Hftrh.
1.22 1.24
CORN
.75',
.76 - .76S
OATS.
.554
.53 '4 '
TORK.
39.10
1.65
LARD.
.55
.53
LOW.
1.35 U
1.22
.74
.76
.54
.52
19.00
19.49
Jan.
. .10.75
May 11.05
10.76
11.07
RIBS.
10.7
10.95
Close.
1.36
1.22
.75
.76
.54
.52
10.00
19.42
10.7
10.97
Jan.
May
10.12
10.50
..10.60 10.62 10.50
Primarv rpints Wiieat. ttriti.000 bu. vs.
S.OOO bu: corn. 1. 714.000 bu. vs. 1,101,000
bu-: oats. 648.000 bu, vs. 751,000 bu.
tniDments v neat, si'.'.w) du. vs. &o&,wv
bu; com, 1,260,00 bu. vs. S5S.000 bu; oats.
l.lo.J.UOU du. vs. i.i,VW DU.
Clearances Wheat. at2,ioo tu. ; corn.
none; oats, none; flour. 40.0OV bbls.
Kuropean Grain Markets. '
LOXWV. Jan. 6. Cargoes on passage, 6d
to ld higher.
Torn. January, 7s
Wheat, spot, ld
extra C 95--
powdered. In barrels.
95.55;
,:.t rut
SALT uranuiaieo, aiaf-mr vo,
ground, lOOs, 910.75 per ton; sos, Sll.ou per
t..n - sfairv 114 DeT ton.
RICE Southern neau. o-awo-ac, Droeu. 3.1.34
4c pir pouna. 1 1.
DR1EL FRUITS Apples, 80 per pound; itarley-
apricots 13' Ic; peacnes, oc; prunes,
iana. haOv: raisins, loose Muscatels, be; un
bleached Sultanas, 7c; seeded. 8c; dates.
Persian, 7Mc per pouna; mru, j..v p
box; currants, infc CP i-c,
LIVERPOOL. Jan. 6.-
Id: February. 7s Hid.
lower; futures nominal.
BUENOS AY RES, Jan. fl. Wheat, lc
hlpher. Corn, lc to lc higher. Oats, 8c
higher.
Minneapolis lira In Market.
MINNEAPOLIS. Jan. 6. Wheat May.
Sl'tl to S1.:;i : Julv. 11.31'k
asked: No. 1 hard. fl.:i4t ; No. 1 Northern,
iso. Aortnern, i.tli is
3f 6!e. Flax 91.66 1.69.
10 1 I.TRV
Market
M'FI.Y ' IS NOT KnFI IET
linn With Premium Paid for
Uest ( hirkeaa.
nv-eipts of poult rr yesterday were not
equal to :h demaml and the market was
f lrn at the quota tiins (rinted. Buyers
want! chickens, and f.ir the best offerings
fM a premium. There was ulso a good de.
mand for dressed meats and prices were
steady.
There wan no further chan? In the ess
situation. The tone- of the market was
steady, as the supply of fresh Ore pons was
not hti j. Buj ing orders from the north
have tcniporariiy '-eased.
Butter and cheque are holding steady at
prevailing quiv.at lors.
Vegrlahle Trade la C-ood.
Trad wan bri5k ncsfn In lite fruit and
eK-''tttlilrt line on ont street. There was
a fair supply of everything and prices held
it-jniy, . car of famy sweet potatoes was
rt-.- -!ei an.l a enr of lettnoe Is due today.
Tfin ttiduatfons are that oranges will
Mr .m up clrscly thts week before a fresh
sui'i i- is received. Prices are firmer In the
sou'.h am! the market here Is steady.
Weekly Bank Clearance.
Ban k rlea'-lncs In the United States for
the ork ending Iecember 31. as reported
fo Itrai'ttr. , accregate $2,30.705.000,
aslTis: 2. ltM..oit in the previous week j
ar.l 2 Hl7.23.o,A in the same week last
e.-r. Vollowinc are th returns fir th
past wek. w ith percentages of change
from the same week last year:
Inc. Tec.
22.7
11.2
29.3
17. U
0.T
17-3
'"i
IX.
16.1
KS.l
21 .
5.9
'k'. 3
23.4
24.1
16.6
6.5
13.8
i.vs
13.9
2M."i
Hops. Wool. Hide. Etc.
HOP i:l 4 crop, loioc; 1913 crop.
HIDES t-altea niaes, j-tc; sanea duiis.
10c: salted calf. ISc; salted kip. 14c; green
hides 12 c; green bulls, bc; green calf,
ibe: 'areen kip. 14c; dry hides, S5c; dry
.-air "7c
WOOL Valley. lTtrisc; eastern wregon.
15r2'c nominal.
mohair J:14 cup, per pouna.
CAE5CAHA BARK Old and new, 44c
ner bound.
PELTS Loig wool dry pelts. 11c; short1
wool dry pelis. 8c; dry sheep shearings, 10 I
fa"15c each, salt sheep shearings. 1525e
em.h: drv aoat sKtns. mng nair, ixai-c;
drv coat shearlnra. 10 -i20c each; salted
sheep pelts, November. 75v Oc each.
Fro visions.
HAMS Ten to 12 pounds. 134fl9c; 14 to
in nounds lbWIUc. picnic. l-C.
BACON Fancy. 2729c; standard, 289
24c
DRY SALT CURED Short clear backs.
1216c: exports, 14 w 15c; pates, 119 13c.
LARD Tierce basis: pure. 1212 c;
compound, b o.
OUa,
KKROSENS Water white, drums, barrels
or tank wagons. 100; special arums or nar-
rl 13C: caSCS. 1. U"rC.
n si)LINE oulk. 13c: cases. 20c: engine
distillate, drums, 1 '-(; cases, ic; nap to a.
drums, 12c; cases, j;c
LlNiiKKD OIL km. uarreis, oic; raw,
Ooc : boiled, barrels, twe ; ooiiea
cases. 6Sc.
TURPENTINE in tanxs, eoc; in cases,
67c; 10-case lots, ic less.
COFFEE FVTTBE8 ACTIVE AND HIGHER
Kansas C ity Wheat.
KANSAS CITY, Jan. 6. Wheat unchanged
to c up. Corn. c Up. Oats, lalc up.
San Francisco Grain Market.
t?.N FRANCISCO, Jan. 6. Spot quota
tions: Walla Walla. 92.15 02.20: red Rus
sian, 92.15fti 2 20; Turkey red. 32.20 2.30;
bluestem, 52.2o.-i 2. SO; feed barley, $1.40 fjt
1.42 : white oats. 91-57 &-1.60: bran.
928.50 S"2!.O0; middlings. 931.00 32.00;
shorts, ?2.5030.00.
Call Boari Wheat, firm. Barley, firm.
December. 91.35 bid; January, 31.42 asked;
May, 9L53.
Paget hound Grain Market.
F RATTLE. Jan. 6. Wheat Bluestem,
91.35: Turkey red. 91.30: fortyfold. 31-34;
club. 91.33: fife 91-33; red Russian, 9L28.
Kariey 9-a per ion.
Yesterday's car receipts' Wheat 13, oats
barley 3. hay 6, flour 5.
TACOMA. Jan. , Wheat Bluestem,
91-35; fortyfold, J1.34: club, 91.33; fife, 91.30.
car receipts wneat nariey o, nay ij.
STATEMENT OF THE CONDITION Or
The Northwestern National Bank
of Portland. Oregon.
At the Close of Business December SI, 1914
RESOURCES
Loans and Discounts $1,959,303.85
United States Bonds 50,000.00
Stock in Federal Reserve Bank 5,750.00
Subscription to $100,000,000 Gold Fund 13,125.00
Other Bonds and Securities 578,706.37
Furniture and Fixtures 74,966.63
Cash on Hand and Duo From Banks 1,086,686.95
$3,768,538.85
LI AB DUTIES
Capital Stock Paid In $ 500,000.00
Surplus and Undivided Profits 102,976.81
Circulation 148,500.00
Deposits 3,017,06104
$3,763385
STATEMENT OF THE CONDITION OF
Portland Trust and Savings Bank
of Portland. Or.
At the Close of Business December 31, 1914
RESOURCES
Loans and Discounts 4 763,72418
Bonds and Stocks 167A54-3S
Kal Estate and Furniture and Fixture 245,46&33
Cash on Hand and Due From Banks 454,349.65
fl,635,638J0
LIABILITIES
Capital Stock 300.000.M
Surplus and Undivided Profit! M29A7
Deposit. . 1.285A66JB
$135,696.50
DIRECTORS OF BOTH INSTITUTIONS, H. C. Kttock, Chairman of tne Board; C B. Moaeft, John IVohj, Jl. D. ClarEca,
George H. KeUy, A. S. Nichols, 0. L, Price, J. D. FarrelL T. W. Leadbetter, Emery Olmstead.
COMBINED DEPOSITS, COMPTROLLER'S CALL, DEC. 31st, 1914. . . -r. . .$4,302,228.87
COMBINED DEPOSITS, COMPTROLLER'S CALL, JAN. 13th, 1914. . . 3,409,658.71
GAIN IN DEPOSITS DURING PAST YEAR .. . . . .. .:.-. . . . .. 892,570.16
Mo PaciHc 8,700
Nat Biscuit
National Lead
Nevada Copper. 300
N Y Central 1.100
N Y. N H i H. 80l
Norfolk & West
Northern Pac ..
Paciflc Mail
Pao Tel & Tel
Pennsylvania ... 1.500
Pullman Pal Car 400
Ray Con Copper 400
Reading 0S"0
Republic I & S. 400
Rock Island Co.?
do preferred.. 200
St L. & S F 2 pf
Southern Pac .. 2,400
Southern Ry . . 1,000
Tenn Copper
Texas company
Union Paciflc . . 4.S00
do preferred..
U 8 Steel 10,700
do preferred.. 8.700
TJtah Copper .. S.900
Wabash pf
Western Union. 200
Westine Elec . . 1,900
8!4
R7
5S
9
U
88 hi
66
000 10H4 100
106
154
164
146
20
"i
'si"
14 X
M
106V
49 4
70i.
105H
153 '4
154
145
19
"iM
'8314
14 H
BOH
105".
48 li
69
U S Ref Is, reg. 97
do coupon.... 97
U S 3s, reg 100'i
do coupon. 100U
U S N 4s, reg. .109
do coupon. .. .K9W
BONDS
N Y C G 3VsS,
Nor Pac Ss
do 4s
Onion Pac 4S.
Wis Cent 4s..
110
43
12
S'4
54
991,
100
18
25
105
153
10
145 hi
19"4
1 H
2
83
14
32
132
117
78 hi
BO'i
iooh
4S
a
B84
70
62
S91i
94
91
LONDON IS NOT FACTOR
WAIX STREET I.DKPK.DKT OF
FUKEIO INFLIESCKS.
Stock Market Make Knrlber Iroicrt?
Toward He ttermeut Kf feet of
Suit war Aceldcnt.
x-kw YORK. Jan. 6. The local stoc
market again proved Its ' independence today
by making further thouph uneven progress
toward betterment, resaruiesa oi me joiiuuii
niarkei. where the American list evinced
rreater heaviness. Canadian Pacific, South
World' Visible Supply statement Shows De-
niir IrrrraM of Ban.
- I r. ,1 u. Paul tha m n hark
MiW. lUniV. Jan. lU.rrvL frt mDrlrt hut
Pennsylvania and New ot& Central also
coffee futures was more active today and
l .... hlirhAP nn httlllMh VfW nf thi
world's visible supply statemeni, reports 01 7
a firmer tone In the cost and freight mar
ket. Kuronean buying, covering- by recent
pollers and some support from local traus
interests. The opemn was quiet ana un
chanced, but buy ins; orders soon reached the
rtne in considerable volume and the market
elos.-d at a net advance of tf to 14 points.
jsaleii- 4:i.'J0 baKs. January. 6.18c; Febru
ary. .i7c; March, 6.4c; April. 6.43c; May,
.iSc: June. A. 43c: July, ?:34c: August, 7.4Jc;
September, 7 "0c; October, 7.5"c; November,
7.73c; December, 7.70c
Snot, quiet; Rio No. 7. 7Hc; Santos, No.
4. i"ic. i'ost and freight offers were re
ported unchanged to 15 points hiKher.
Based on foreign estimates of Kuropean
stocks, the world's visible snpply statement
Indicated a decrease of lilO.O-U bags during
Decern Ler, compared with an increase of
Initial dealings here had all of their re
cent irregularity, with an abrupt decline In
the first hour, early reports of the subway
accident causing an all-around break in
lnrr-OtroDo Man Issues. (Jould stocKs
later exhibited renewed weakness. Missouri
p-ifiiv nnver & Rio Grande preferred and
st i.nniN southwestern falling to low records.
Amonir the specialties, irginia-caroiina
Chemical preferred declined 16 points to its
inimum nrlce ot so, wnn a j-poini gun ior
the common stock.
Bethlehem Steel led the industrial division,
the stock for the first time In many years
passing the current quotations for United
States Steel. The latter was again onerea
for European interests, according to report.
but held suady throughout.
A majority of the day s gains were in se
curities on secondary importance, the list
New York ...
Chi. JCO
r?uu.u:pai ...
n ........
i l.ouis
I:tt.lurg
Knas Cltr ...
Mi) hTancisco .
JtAltimore .....
Dt-loit - .......
"li4-ianatl
M inn-apolts . . .
If I Hiui .....
!- .3.--Im .
N.- irlca ..
:r! a ........
M:!wiiuHee ....
A t i-ir t i . .......
lA-uitlle . .
Sf:t ........
Hufralo
Port 'and. Or. .
salt Lake fcity.
Oakland
n iMrgO .....
TOOT1I
6a.ramento .
; 943,VtO
;.:'.4.
4.
10 ;.! ivm
14 Itht.iWA
11 ';tmto
2 t'b .o
i r.:".o-
B..k rlrrl.rik.
B.nlt elearintrs f th Northwestern cities
ywtcrtlsy mere mm folio. s:
C!s-inr- B'ancs.
r.rt'id ll.'i'.HI tl(.73
btlllis cmm-ivxU'M 2.02,0,7
year.
Rio. 75 reis higher, at 4-025. Santos, un.
changed.
SAN JBANCISCO PKOUICE MARKET
rrice. Quoted t the ItT city on Fruits,
Veeet.bln.- Ktc
SAX FRANCISCO. Jan. . Prnlts
Lemons Fancr. $2.5092.75; choice. S2S 23;
standards. $1.5091.75; bananas. Hawaiian.
$1.25sjl.75: pineapples. Hawaiian. 4&c per
pound; apples. California stock, Wlnesaps,
65075c; Bell.fleurs (cold storage). 50s75c.
Oregon stock. Spltsenbergs, $191.65; New
town Pippins. 85c6$l.5; Winesaps $161.25.
Vegetables Cucumbers. $2.509 2.75: beans,
510c; peppers, IT4e: tomatoes. SOSOc.
Eggs Fancy ranch, 35c; pullets. $2c;
storage. Sic.
Onion. T.llow, S0cS$l.
Cheea Toung America, UHfflSe: n.w.
lOotliVic; Oregon. 14c; Toung America.
16V.
Butter Fancy creamery. 25c; seconds,
25c.
PotatoM Delta Burbar.ks, per sack. $1 9
$110: swts. $l.T".ft 1.95 per sack: Salinas
Burbanks. $1.5V1.7: Oregon Burbank.
11 "itil.lO; l.isho. $lt1.25.
Receipts Flr. 82.".8 cjuarters: barley.
13.!C1 centgls; potatoes, 1S40 sacks; hay,
l!i0 tons.
Metal Market.
NEW TORlt. Jsn. . The eopper market
was firm In the late session, with sales of
s'ectrolvtlo reported as mads on the bass
of l.e and 1"W per pound. Cssting
copper flnwt SI 13?1SSe.
Irad. qul.t. .t.7r. y :; t.v.
OHed Krnlt at Tork.
"F"r TORK. Jan. $. Kvaported apple.,
.ulec Prura, firm. Peaches, aulet and
steady, ......
ther irreeular decline.
London markets closed steady with some
broadening of operations.
Bonds were irregular, wltn wide aec4ine
tn some vulnerable issues. Total sales, par
value. amounted to $l,S2u,uoo. Lnltea
States Government bonds were unchanged on
oaU.
CLOSING STOCK QUOTATIONS.
Alaska Gold . ..
Amal Copper . .
Am Beet Sugar
American Can ..
Am Smel & Kef
da preferred.....
Am Suicar Ref. ...
Am Tel i Tel..
Am Tobacco . ..
Anaconda Min..
Atchison
Bait & Ohio ...
Brook R TTan..
California Pet...
Canadian fac .
Central Leather
Ch.es Ohio . ..
Chi lit Western
V Fain
Chicago N W
Clnno copp-T ..
Co! Fuel & Iron
Col & Jtouthern.
Sales.
2.200
11.000
;t.200
6,700
too
500
l.tViO
1.5H0
l,2l0
2tM
1.200
2.700
2.;:oo
1,000
D K U rande. .
7 rio oreferrud. .
Distillers' Secur
Erie
General Elec . .
Ot North pf . ..
Ot North Ore ..
liuaenheim Ex .
liinia Central. .
Interbor Met Pf
Inspiration Cop
lnt Harvester... .
K C Southern. . .
Lehigh Valley
Louis Nash..
Mex Petroleum. ,
Miami Copper
no. SiMst m Zes.
6.000
.-.oo
f!0
KU0
1.4O0
300
2.5O0
1.5CH
l.ono
2oo
Closing
High. Low. Bid.
21,5, 2'i 26
f'S 524 52g
- 84 S3 V S:i "
27i 26i, 27
66 hi 58 58
Jhi
103
117
221 220 21!
" SM?i '3'i 8314
9i s es
S."1. S4, 84
164 16 1
157 ht 158 155
39 SSs SS
41
105
87 Vi f6 80
' siVi " 32 STi
22 22 22
2.1V4
42-
S 6 7
11H H 10S
22 21 21
141t4 141 139
1H 113U 114
27 27 27
45
106
".OS 50 50
17 17 17
S0
i:t2 isi 132
113 112 112
52
1 17 17
8 8
SIGNS OF DEVELOPING ACTIVITY
Year Opens With Trade Fully Confident of
Future.
Duns Review, in its annual review of
ousiness conditions, says:
"After passing, between July and Decem
ber, through nearly every possible experi
ence of adversity, except that of complete
collapse, the new year opens with business
In the United States rising above depression
and confronting the future with new conli
dence, and with clear signs of developing
activity. Since the beginning of the modern
.vHtem nf credits in the middle ot tne seven
teenth century there has been a succession.
at ivffiiar evele intervals, or nnanciai up'
heavals, but nothing approaching in violence
and extent tne overwneiming tpuvmomu
the markets in 1914 as the result of the
.n.irion outbreak of the European war.
'Moratoriums in practically every nation
abroad; the closing of the stock exchanges
in every important city; confusion in all the
nnv.!iwi nf money and exenange: tne cum
merce of the world demoralised; 5,000,000
,. nf .hlnnlnir withdrawn trom tne ocean
thoroughfares of trade these were some of
the Instant developments of the war. the
declaration of which led at once to a run on
the historic Bauk of England that was
stopped only by the prompt action of the
British Government.
"The United States, although a neutral
country, suffered almost as much In a busi
ness way as the nations actually engaged
in the conflict. Three things rendered our
position especially serious. The first was
that this Is a debtor nation, vast quantities
of the stocks and bonds of our corporations
being held abroad; the second was that we
had practically no merchant marine in the
foreign trade, and our commerce seemed to
be threatened with complete extinction,
while our principal crop cotton though
large beyond precedent, was cut off from its
greatest foreign consuming markets.
"But with admirable self-control, courage
and wisdom, the National Government, with
the patriotic co-operation of bankers and
merchants, at once planned and carried into
effective execution great measures of relief.
Foreign ships were admitted to American
registry; Government war risk insurance
Instituted: a $1,000,000,000 gold pool
waa formed to protect the foreign exchange
m:,rWf unother fund ot $130,000,000 was
mkpri to facilitate the carrying and market
ing of cotton, and other emergency steps
were taken,
"While these heroic measures were being
MnHnMnl the nation proceeaea wnn lire
establishment of its new Federal Reserve
Bank system, which was successfu'Jy
inaugurated with all Its facilities lor tne
conservation of reserves and the wider ex
tension of commercial credits. Feeling Its
way cautiously, the securities market gradu
ally overcame Its early prostration, and in
riecember the New York and other stock
exchanges of the country were reopened
n.t.hn,,, virion of extensive liquidation,
while the cotton and coffee exchanges also
....iTTiorf huslness. Money became easy and
.v,han more normal, and the whole
financial machinery of the country resumed
itB regular and orderly movement.
Money, Exchange. Etc.
tt- . -vrvTTTr inn ft .Mercantile paper,
sterling exchange steady; 0-day
bills $4.82; for cables, $4.85; for demand.
$4.8450.
Bar silver 48 c
Mexican dollars 37c.
Government bonds, steady; railroad bonds,
rTfmearioans. dull; 80 and 90 days, 8 9
3; six months, 34. ,
Call money, steady- high. 2 : low, 2:
ruling rate. 2; last loan, 2; closing bid,
2; offered at 2.
LONDON. Jan. 6. Consols for money,
6SBar silver 22 ll-16d per ounce.
Money 1 per cent.
Discount rates Short bills, 2 per cent:
three months, 2.
t; A N" FRANCISCO, Jan. . Drafts, sight
'. . - ..T.cranh !C
Sterling exchange, demand $4.84; cable
$4.85.
Stocks Steady at London.
LONDON. Jan. 6. The American depart
ment of the stock exchange was steady,
with dealings principally in United States
Steel. Canadian Pacific, Atchison and Union
Pacific shares.
Naval Stores
SWANNAH. Jan. 6. Turpentine, firm.
43c Sales, 50 barrels: receipts, 52 barrels;
shipments, 4 barrels: stocks, 35,858 barrels.
Rosin firm; sales, 69 barrels; receipts, .i02
barrels; shipments. 1250 barrels: stock. 143.
S08 barrels. Quote: A. B, $3.15: C, D.
$3.17; E, 3.20; F, 3.25; U. J3.30: H.
$XS2 I. $3.50: K. $3.85; M. $4.25; N.
$5.35; WG. $5.70: WW. $5.80.
E
MBARGO
IS
RASED
Australia. Will Permit Ship
ments to United States.
MERINOS MAY COM HERE
Decision 1V111 Permit Sailing of
American Ship Aryan From Syd
ney With Cargo Valued at
Nearly $1,500,000.
MELBOURNE, Australia, Jen. H KVla
Londou, Jan. 6, 0 A. M.) Tha Common
wealth, It Is announced, haa decided to per
mit the shipment of merino wool to the
United States provided a guarantee U aiven
that it will not be re-exported.
WASHINGTON", Jan. , Announcement
that the Australian government has raised
the embargo on merino wool was gratifying
to officials here, although without official
confirmation at the State Department. It
permits the American sailing ship Aryan
to leave Sydney, N. S. W.. with a cargo ox
from 8000 to 10,000 bales of merino wool,
bouKht before the layinjr of the embargo
The wool is valued at nearly $1,500,000 and
vigorous representations for Its release were
made to the British government, bat witnout
result.
Australian restrictions regarding the ex
port of wool were put on soon after the war
started, and were in line wun zne po.icj
pursued by Great Britain In endeavoring to
prevent thlz product from reaching Ger
many. November 28 the restrictions on the
export of wool, so far an Canada and Japan
were concerned, were rescinded.
HOG MARKET IS STEADY
RCS UNUSUALLY HEAVY FOB HID-
DLB OF" WEEK.
Top Price for Day la 7.15 Cattle
and Sheep Move at For
mer Qnotatlona.
Knr York Snjrar Market. -
NEW TORK, Jan. 6. Raw sugar firm:
molasses sugar. 3.39c; centrifugal, 4.04c; re
fined, steady. . .
Suirar futures more active and from a to
5 points higher at noon. Sales 000 tons.
Cotton Market.
NEW TORK, Jan. 8. Spot cotton, qul.t.
Middling uplands, 8.05c Xo sales.
Hogs comprised th. larger part of the 28
cars of stock received at the yards yester
day and h bulk of the trading was also
In this division. The hog market ruled
steady In spite ot the large run. One load
sold at ,7.15. a nickel oetter than the pre
vious day's price, but most of th. sale, of
good, light stock were at tl and ,7.05,
In the cattle market only odd lota were
handled and price conditions In this line
were unchanged. Sheep and lamb, were
also tra.ded in at former prices.
Receipts were 49 cattle, 1 calf. 1981 bogs
and 27S sheep. snippers were:
With hogs Alanson Lewis, Bancroft, Ida
ho. 1 car: E. C Palmer, Oakland, 1 car; 8.
B. Baker, Mikalo, 1! cars; J. B. Tounta, Con.
don, 1 car; G. H. Russell, Redmond. 1 car;
W. B. Kurts, Maitln, 2 cars; J. W. SUva,
Gooding, 3 cars; Morgan Farm Company,
Goldendale, 1 car; L. L. Crider, Roosev.lt,
1 car.
With sheen A. C. Palmer, Oakland, 2
cars.
With mixed loads J. S. Flint, Junction
City. 1 car cattle, calves and hogs; W. H.
McMahon, Halsey, 1 car cattle and hogs;
A. K. Ford, Wlllamlna, 1 car cattle and
hogs; Will Block, Sheridan, 1 car hogs and
sheep; J. E. Trofflt, Dayton, 1 car cattle
and hogs; S. L. Overton, Brownsville, 1 ear
cattle, hogs and sheep; F. B. Decker, Sil
verton, 2 cars hogs and sheep; L. V. Moore,
Moro, 1 car cattle and hogs; P. L. Camp
bell. Madras. 2 cars cattle and hogs.
The day's sales were aa follows;
Wt. Price Wt. Price.
20 hogs... 606.10 a heifers... CSS (4.50
0hogs... 114 S.S0 6 cows 83 S.60
67 hogs... 200 7.00 8 bulla 871 4.25
2 hogs. . . 30 6.50 1 cow 850 4.25
92 hogs... 200 6-00 Scows.... 90T 8.50
19 hogs... 12 6.50 2 cows,... 765 5.50
4Shogs... 204 7.00i Ssows 836 4.50
a h 3.0ft fi.OOl 2 steers 800 5 50
2hogs... 170 6.50 6 steers.... 1318 7. 60
106 hogs... 200 7.03 1 calf ::50 8.00
39 hogs... 92 6.50 2 cow. 1130 4.00
94 hogs... 167 7.05 Scows 110S 4.00
73 hogs... 1S9 7.00 1 bull 1M0 3.1
"5 hogs 128 6.50 39 hogs 180 7.0U
70 hogs... 200 7.001 2 hogs 490 6.00
25 hogs... 126 6.50i 1 hog 40O 6.50
15 hogs... 150 6.50j39 hogs 214 7.0o
83 hogs... 183 T.05! 2 hogs 365 6.50
3 hogs... 27 6.0O88 hogs.. ... 200 7.00
Shogs... 200 T.lOi 1 hoga 140 6.00
70 hogs... 200 7.05l42hogs 195 7.00
17 hogs... 134 6.5W 2 hogs 2S0 6.00
86 hogs... 1ST 7.00W hogs 200 7.15
6 hogs... 120 6i50 62hoga 190 T.OO
2 hogs... 500 6.00, 6 hogs 812 6.00
10 hogs... 84 6.5o! 5 bogs 113 6.50
16 hols... 176 6.25nhogs 200 7.00
19 hogs... 200 7.00j30 hogs 115 6.50
246ewes... 10S o.za4W nogs.. . . . iiiu .uu
. . . . n q OA a nn
1 heller.. i o.u v.w
2 steers.. 640 5.7517 ewes 107 5.25
Ibull 0 4.0 6 iambs. .. 87 T.25
2 steers.. 830 o.al . ,
Current prices of the various classes of
stock at tne yaxas wuow;
Prime ateers -
Choice steers
Medium steers
Choice cows
Medium cows
Heifers '
Calves
Bulls
Stags
Hogs
Light -
Charter No. 4514.
CONDENSED REPORT OF
The United States National Bank
of Portland, Oregon.
Submitted to the Comptroller of the Currency at the dose of busineiw
December 31, 1914.
RESOURCES.
Loans and Discounts 9 6,194,477 J.1
United States Bonds at par...
Municipal and Railway Bonds
Bank Building
Customers' Liability on Letters of Credit...
Cash in Vaults $1,908,382.68
Due from Banks 1,019,773.15 2,928,155.83
1416.000.00
1,463,301.54
125,000.00
12,883.C(,
Total
..$11,844,818.08
LIABILITIES.
Capital
Surplus
Undivided Profits .
Circulation
Letters of Credit . .
Deposits
1,000,000.00
1,000,000.00
219JL49.83
1,263,900.00
12,683.60
8,343,884.66
Total $11,844,818.03
LADE) & TILTON
BANK
Established 18M.
Capital and Surplus $2,000,000
Commercial and Savings Deposits
Heavy i.00.!
Sheep
Wether.
Ewe. ;
Lambs .26I.ao
Chicago Dairy Proomce.
CHICAGO, Jan. 6. Butter, lower; cream
ery. 244P33C .
Eggs Receipts WT cam; uncnBUK.'i.
TRAVELERS Gl'IDB.
o
o
o
o
o
o
o
o
o o o o o
BITULITHIC
PAVEMENT
stands the test
of time, weather
and hard traffic.
o o o o o
TRAVELERS' OVtDK.
COOS BAY
AND ZTJKEKA
S. S. ELDER
SAILS SUNDAY. JAN. 10. A. M.
AND EVEUY SUNDAY THEREAFTER,
NORTH rACIFIC BTEAMbHIT CO.
Ticket Offio J Freight Office
122 A S. St. II Foot Norturusi St.
MAIN 1314, A 1314. II Main 0IM3. A 5422.
FRENCH LINE
Compmsnl. ;enerale TranatlantlqM
POSTAL BER1('E.
Sailings for HAVRE
ROCHAMBEAU Jan. 18, 3 P.M.
LA T0URAINE Jan. 23, 3 P. M.
NIAGARA Feb. 6,3P.M.
ROCHAMBEAU Feb. 13, 3 P.M.
FOR INFORMATION APFLT
C. W. Wlager. SO (lb st.l A. I. Charlie..
r3 MorH.on t. ; E. M. Ta.ilnr, '. M. hi.
P. Ry.j lrer II, rimlth, 11 st. A. .
fihelilun, 100 Id St.! II. Dlraao., US Wash
bigton st.: North Hank Koad, ftih a.d Sl.rk
Is.: P. n. Mrrarl.nd, Ud and Wa.hlnaU.
sts. F. U. Duffy. 124 id M Portl.ud.
AUSTRALIA
TAHITI AND M- W tKALAI.
Rrulr throurh wiling ffr bi"Jn i
Taliltl d Welllnirton from ban l'"rnrln
Fb. 3, Max. 3. Mur. ,11, and uvary a tla.
Bnd fur raniphUU
Vnlrm Bt-mmblp Ca. ! Nrw ZMilan4. l td.
Offlrfe-C.fi MarhtH atrtw. taa n rKca,
or lixal H. H. and K. R. aa4a.
iJ-ta'a
8. S. BKAB HAIIJI S P. M.. J A N. I.
SAN FRANCISCO
LOS ANGELES
rh. r.b Praorlsr. at rorUand S. ". t.
Tbird aud H llog'" Ma. Olta O.-W. as,
N. C... lei. Marsb.U '. A out.
. . t.SO&i.OO
. . ,:5J.50
.. t.ooat.$s
.. SOO6.0O
.. .00j.SI
.. .oo.oo
.. J.50W4.75
.. 4.(0 (.00
.. .80T.1
STEAMSHIP
Sails Direct For
SAN PEANCISC0
I.OS ANGELES AND SAN DIF.'iO.
Friday, Jan. 8th, 2:30 P. M.
SAN FRANCISCO. PORTI.ANT a
LOS ANGELES STEAMSHIP CO.
FRANK BOLLAat. Agent.
114 Talrd m. A 4a, Mala JC
V "mow f
iwu ni ill
PLACE Of SOUTH AMLR. J"
BAH1A. RIO D JANsilliO .a'.TOB.
SDH WW. Ifl,.wv
Preqnent saillrrs from N.w T.ra T .w
and feat (12.&U0 tool pawngir stcamara
BL'bK DANIF.U4. lira. Agta,
Brada. N. X.
Dan.. B. Smith, art and YahlactM ssa
Or iesd Ageata.
COOS BAY LINE
6TEAilSHIP BHK.tkWATLR
Pails from Alnaworth dork, Vorl'snfl. P.
M eerr Tuesajr Freight and llraei nltlc
lower a'lnswonh nook, r a L UK" I.Uit.
I- H. Ksstlng, Agent rh'.r.es Mm H, V
2832. Clt Ticket OITIc. B ritih Ht. c w.
btlagar. Agent, i-oonea Marshall 4&w. A ai-l
I
j
JL