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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 15, 1915)
TIIE MORNING OREGONIAN, FRIDAY. JANUARY 1.", 1913. CARGOES WORTH 60S Highest Price in England in Many Years. WHEAT CABLES BULLISH Ixx-al Mark't Responds "With Fnr- tlirr Advances on Actual Sales. Oats and Barley Also i Movo Upward. Tnr Portland wheat cara-oes, steamers, half and half. "s ta now available in the English market. This I the highest wheat price obtainable abroad In many years, lesler da's LnndDii cables noted an advance of to Jd in carvoes on passage. The strong European demand la ateadily hi . i- . .. i . uja -n,i vot uiiiii ' " - was due to reporta that the Pacific Coast crop of 1914 had been completely soio out This is not entirely true, but tnero is n tie doubt that tha aurplus nere win e v . .. . ra' ih. nr Krnn ia avalla ex- bin. That stocks at all points in the Interior are running low ia proved Dy tno nijnu prices offered for wheat in country markets. Tlit local market scored further gains yes tertlar. Salee on tha exchange were aa follows: 10.000 bushels February bluestem 1-45 lo.0ft' bushels Mar.:h bluesiem 1- 1O.O0H bushels March bluesiem 1.4; s.ooo bushels prompt Kuseian , , 1ns tons March oats 38.UO February bluestem brought 3 cents over W'ednesday'a top bid prlco and the two aales for March delivery were at a cent better than was paid tha preceding day. Ths red wheat sold at an advance of 1 y rents. Hid prices elsewhere in tha wheat list ranged from unchanged to 3 cents over fVednesday. The oats and barley markets continue very firm because of the export demand. Oais old 6t cents over the old prices and ia.-y as up ;5 to ;0 cents. Montana oats hse been sold to go East at a price equal to 1-7 here. No Immediate change in flonr pricea was announced, but the market has an upward tendency. Mill prices on bran and shorts are firmly maintained. Rolled barley ad vanced aiiotlier SO cents. Loral receipts In cars were reported by the Merciiunts Kxchangc as follows: Portland V i r az tvi'son lo date. year aao Ta'-oma. Wed- n suay Se'non lo tlnle. tvatilr, Tucs- .1 IV Sc'soll to date. MA HKETINti ;i, 14 4 3 IS 3; S 3 i-ik 17 isss lcr.i UU!3 li 121 1'us s ' 4 ..-! 703i . 400 3i Il4 -3 1; it i 15 JC-I.' 8JU 15S SC3 304a OF FKESII FRUIT I-laoa t Ue Worked Out at Seattle Conven tion Nrt Week. The offi.-ial call f-r the Fruitgrowers' and Fruit Marketing Conference, to t-e held at Seaitlo January 22 and 23. has been Issued. The members of the by-products commit tee will meet at S A. M. January for the purpose of computing plans and outlining the method of procedure at the crowers' conference. The 10 delegated fruitgrowers from each of the North Pacific fruit dis tracts will incea In conference with the by prjduns committee at 11 A.M. January 22. This meeting will adjourn at noon and will reconvene at l:lii. The heada of the prin cipal marketing agencies will meet In con ference with the by-products committee at s A- M. Saturday. January (. Thle session will continue until some definite result Is secured. The new Seattle Chamber of Com rnermce will tender a banquet to the visit ing fruitgrowers, the heads of the market ing organisations and the members of the y-pr-iducts committee on Saturday evening, January 23. The New Richmond Hotel has teen named aa official headquarters and all meetings will be held In the assembly rooms at the hotel. The purpose of all these meetings Is to work out some simple, practical plan to aid the fresh fruit marketing situation. No vis ionary plans, that contemplate the entire rebuilding of the present machinery, will get ery far. The simpler the plsn and the less detail Involved, the better the chance of getting results. hop srrrLY oif coast is light Less Tban S0.0O0 Balr Remain In Growers' Hands. Unsold stocks of 1814 hops on the Pacific Coast amount to 4S.405 bales, according to tbulatlona Juat made by hop dealers. Suppllea In Oregon growers" hands sre placed at 11.200 bales. Washington .has titt; bales, of which 4S2ti bales are Taklmas and "SI balea are in the western part of the atre. The California stock amounts to l.?r3 bales, of which 2l.fi32 are Sacraruen toa. 4w3 sonomae and 1M43 bales Mendo cino. The market In Oregon is firm but not active, but In California there baa been more business doing recently. The Nevlns at Dreseher crop of 700 balea at Wheatland was sold at loi centa. Proctor bought the Chlsholm lot of 4t balea at 10 cents and Richardson bought 7 balea from Chls holm st tile same price. Proctor pur chased 44 balea of 1913s st 7 cents and ltlchardson paid 7 1 cents for the Paxton crop of 100 balea of 1913a. Among the Oregon crops already aold and Rot heretofore reported were the following: McKay A Kamey. St. Paul. 10a bales; Weeks a. TJavtdson. St. Paul. 4ti baTes: llraves. McCoy. SO ba'es: Schuck. North Yamhill. 34 bales: Marbltt. Eugene. 3s bales, llrown. Independence. 45 bales 1014s snd 44 ba'ca 1 '.!.'.: W. Smith, Mount AngeL 13i balea: Ambler. of Mount Angel. 73 balt-s: W. K. lAng. Salem. 07 balea; fctcarns Bros.. Oakland. 17t bales. IMPROVEMENT IN l-OTATO MARKET With AdvaaH-e ai fast t'raoriare- Shipping Movenieat llsw llcgun In bruall Way. T;uh is some Improvement la the potato n.irket this week. The shipping movement s-xitnward has slsrted. but no great hopes a held out. as only a small psrt of the si.- k is of shipping quality. A few cars of tM:;nks are going to California and for t::,e buvcra are paying 5090 cents at East S -ic p-'tnls. while ordinary stock Is bring li c tig cents Portland. The San Fran cmr market Is In better ah ape. aa the S::nas are practically all gone, and ths sill Irate an opening for a limited quantity of Oregon. The American Wonder seed movcmrul seems to be about over with. The loval Jobbing trade la not brisk and th.i market ia sufficiently supplied. Front sirect price are unchanged. E4.U PRICES ARE SLOWLY FALLING Market l Weak With Receipts tiro wing and shipping Outlet. There is no shipping outlet for eggs and er.lh receipts enlarging the market la slowly reselling a lower level- Salea were made yesterday at :.' cents, case count. Poultry recelpta were liberal and the mar ket was wesk, hens selitng st 13vl4 centa. Pressed pork was very weak with 9 ceots S3 the top. Veal was barely steady. No changes were reported in tha butter r cheese markets. Bran Prices) Are Advancing. White bears are stesdlly advancing In price. There was a good crop on the Coast this sesson and the quality was fine, but the market Is being strengthened by the upward movement of pricea in the East, where lsrge exports to Europe have caused advances. Bananas Arrive Grera. r cars of banairaa were received yes terday In good green condition. A car of Florida grapefruit also arrived. Oranges continued to sell actively and there waa a fair movement in the apple market. Among the vegetable receipts waa a car each of celery and lettuce, which were quoted at unchanged prices Other veg etables were in sufficient supply. I- S. -tMlMva Bans clearings of the Northwestern cities yesieraay were as xouows: Clearings. Balances. Portland tl.GD.uJ.'i 141..0 Seattle 2.132.SOT 2Sj.1j3 Tacoma 2Tt,7; 40.I1S Spokane 6o4,36S 104,114 PORTLAND MARKET QUOTATIONS Grain, Floor, Fred, Etc. Merchants Exchange, noon session. Prompt delivery. Wheat Bid. Ask. Bluestem 1.42 1.44 Forty-fold 1.43 '1.44 Club 1-41 l-t-'a Red Russian 1.34 1.35 Red fife 1-37 Oats No. 1 white feed 36.50 J6.i5 Barley No. 1 feed 30.30 31.25 Brewing 3O.o0 Bran 29- W 3S.50 31.00 Shorts .. 29. utures February bluestem 1.44 !i 1.4ii3 March bluestem 1.47 1.48 F"bruarv forty-fold 1.43 l.4 Ur.rrh fortv-f,ild 1.44 1.4 February club 1-43 1.44 March club February red Russian. March red Russian.... February red fife .... 1.44 V 1.47 1.35 1.37 1.37 1.3 1.38j 1.40 1.43 37.00 37.50 37.50 38.50 39.00 39.50 31.00 33.00 32.50 33.00 March red fife February oata March oata May oats February feed barley March feed barley . February bran 31.00 oV.OO i-i i it ul-.it en is. lil.no a barrel: straights. J: whole wheat. 10.S0; graham. b 0. IILl-FEED Spot prices: Bran, S-s.50lp per ton; shorts, 30.0O31; rolled bar Icy, n3.50j 34.50. ... CORN White, 136 per ton; cracked, Joi per ton. . 11 AY Eastern Oregon timothy, lu 1.-...-.0: valley timothy. Il.ijil3.50; grain hay. llO.OOtfll: alfalfa, 1313.50. Fruits and Vegetables. I.ocl jobbing quotations: TROPICAL. FRUITS Oranges, navels, 11 702.20 per box; Japanese, per box, 90C4J) 11 : lemorrs. 33.0o per box: bananas, 4r4Sc per pound: grapefruit, 3.5W"4, pineapples, 7c per pound; tangerlnea, 11. 00 per box. , , VEGETABLES Cucumbers, hothouse, $1.7.". 'H 2 dozen; eggplant, 810c pound; peppers. 12VW10C per pound; artichokes. So 4jH(ic per dozen: tomatoes. 11.70 per crato; cabbage. 114&l'. c per pound: beans, 12 He per pound; celery, S-'.OO per crate; cauli flower 2.23 per crate; sprouts. 8c per pound; head lettuce. JI.R092 per crate; pumpkins. llc Pr pound; squash, liic per puind. . CHEKN FRUITS Apples. 70c 11.50 per box- casabas. $1.00 per crato; pears, Sliji I oo'- grrfpes. $:i..Vle:,.70 per barrel; cran berries, $'.lll per barrel, POTATOES Oregon. It per sack: Idaho, $1 tt 1.10: Yakima. iOctj $-.10; sweet potatoes, nt-r pound. ONIONS Oregon, buying price, 11.- f. o. b. shipping point. S4.CK VEXSETABLES Carrots. 11.25 per sack: beet j, 11.20 per sack; parsnips, fl.-o per sack. Dairy and Country' Produce. Ica1 jobbing quotations: ptji;S Fresh Oregon ranch, case count. 2l !:: candled. I'OsjUlc: storage, 2020c. POULTRY Hens, large, 1314c: mixed, 13c: broilers. lS620c; turkeys, dressed, lc: live. Isc: ducks. 12H15e: geese, llffliao OL1 ir,n vir'"i v - . per pound In case lots: VjC more in loss than case lots; cubes, 20c. CHEESE Oregon triplets. Jobbers buying price. 10c per pound, f. o. b. dock, Portland: Young Americas, l!o per pound. VEAL, Fancy, 12 He per pound. PORK Block, 0c per pound. Staple Groceries, laical jobbing quotations: SALMON Columbia River one - pound tails 12.30 per dozen; half-pound flats, ll.oo": one-pound flats, $2.00; Alaska pink, one-pnind tails, $1.0.".. HONEY Choice, $.'1.25 per case. M m Walnuts, 1024c per pound: Bra zll nuts, 10c; filberts, 10S24c; almouds, 2J . ... .... ... ,i, t St no nor 4J 24c- peanuts. - - v .. dozen: pecans, IB 20c: chestnuts. 12HV: BEANS Small white. 5.75c: large white. 5.60c: Lima. tvc; P"k. -i0c; Mexican, fiio; bayou. 6.35c ,.,- COFFEh. Koasieu. m ui u...o. SlUAK rruil uuo ---- ir. or.- extra C 13.25; powdered. In barrels. 0. .... ...ir SALT Granuiaiea. ij.u p.-. ground. 100s. 110.75 per ton; 50s, $11.50 per ton: dairy. 14 per ton. RICB Southern head, 68Hc; broken, 4c per pound. " t ...... 1 T 1 A nnln. T1PT I'KI 11 11 (1 . ukim; rmnifi .ni.H"'. r - - r ---- - apricots. l:lj 15c: peaches, sc: prunes. Ital- . r . .... i Kn..,lfllg Mcl lin - lans. tic; raini. . bleached Sultanas. 714c: seeded. Se; dates i.. 747Ue ner oound: fard, $1.40 per box; currants, P&e. Hops, Wool, Hides, Etc. hops l'JH crop. 1012Hc; 1013 crop. nominal. ... w..ii HIDES Salted niaes. itc; Baury uu..-. 10c: salted can. ioc; fhi iv.k. - o ; hides, 12Hc; green bulls, 8Hc: green cat. hi. iip. Hrv hides. 25c: ary Cawob Valley. 17IJ1SC; Eastern Oregon, 1031 2c, nominal. - MOHAIR 1014 Clip, ii c P"r i'ascaRA BARK Old and new, 44Hc P'pFLTsi-Long wool dry pelts. 11c: short wool dry pelts. Sc; dry sheep shearings. JO ti l.-.c each; salt sheep shearings. ltS-oc each; dry goat skins, long hair. 1212Hc. dry goat shearings. 10W20C each; salted sheep pelts, November. 7.-.4fOOc each. Provisions. HAMS Standard. 17Hc: fancy. 18Hc; picnic. 11 He. j n1fl. BACON Fancy. 2742Sc: standard. 23ffl ''put SALT CUP.KD Short clear backs. -"Tier.-": Pure. 12S12Hc: compounl, 6 Sc. Oil. ... ... Kan-Ala KKKOSicK v aier or tank l.-onl. loc: special druma or bar- .;"..r.tvs:Bi-lk. i::c; cases. 20c: engine distillate, drums. 7Hc: cases, 14Hc: naptha. drums. 12c; cases. 10-. l.INSEKD Oil. Kl. onrrci. wc. cass. 72c; boiled, barrels, av, uu..c, cases, 74c. , Tt'RPENTINE in lanas. im.. 7c: 10-case lots, 1c less. SAN FRANCISCO PRODUCE MARKETS Prices Current In Bay City Fruits, Vege- taoies, cic. civ vntNClSCO. Jan. 14. Butter Fan cy creamery. 28c; seconds. 25c. ,cit t aucy ran. n. .wsc. ku.ic. -. i - vw. luil3V,c: Young Americas, l"u. alloc- Oregon, 14 He. vVcetubles B-ll peppers. 8511c; do Chile. 35c; string beans, 10 15c: wax. 5a7c; l.im.!. lotil2Hc: notnouse cuciimucra, eu 41 J. 75. Onions Yellow, POc. Fruit Lemons, tancy, ..-.ni-ii: camt $17.". u 3; standard. ll.3Uffl.75; bananas. Hawaiian. $I20(1.70; pineapples, do, $1.50 Californ::i apples. Newton Pippins. .Hc: rclli leurs. ..u w -" ll..'i. Newtowu Pippin. $ll.a5; W ine- aaps. l1..o. e..,a. UltsVltJai OUrDIUsVs, 0saVt.UsJ.aaa - S -i. .. i tii.i 1 flrfcnn Lt.iat I TS: - - .j.a.- 4, 1 iirvt-nn imHnn Won- 6S.."kS- centi; potaioea, sacks; hy. lout. CotTre i'alum. ie. lunix, ". it- us thcr dec! in ia the maiKet for to flee futures Here lOUy unurr utun uiiuD 4ci.iuK uu some KcatierinK liquidation, which may hav9 ten Inspired by the continued heavy Brazil fan receipts. The market opened at a net decline of . ta 3 points and ciosed at a net Iocs of 4 to 7 points for the day, tales, 0 -it b.tgs. Junujry. B-lJ-c; February. .23c; Marco, 6,:.3c; April. tf.4c; May. 6.51c; June. .4:; July, 7.S4C: August, 7-4Uc; 6ep- i - X1.. nAt,Kar ? . Vn--dmrui- 7.61c; December, 7.tck ppot steaaj. niu. i , 43at.ui.uo. rt 4 ac. Rio To re is lower at 4-1 Do. 6antoa unchanged. iO UL'UstBBt: uu i.iiuuu uuvutuihou. Fnururo Iloor Advances. PAX FRANCISCO. Jan. 14. Flour, mill- sturt. beaim and barley ail recorded aub- staaUal nam here too ay. An advance of 40 cents per barrel for (lour, affecting householders of all General California, was marked up today by one Hour company. Beans are up -n cenrs cental, bras, shorts and middlings '- a toa aad cash barley Itf.cent a cental. . Metal Market. NEW YORK, Jan. 14. Lead, 1.WCS.7;. hpelter. fi.u0.10. Copper quiet. Hieclroiytic, Htfi 4l.7c; casting. lS.3715.oi. STOCKS CLOSE FIRM Baltimore & Ohio Carries En tire List Upward. DIVIDEND CUT MODERATE Street Expected Drastic Action by Directors of Road Xews of Day 13 Ffevorable Issues to Be Offered. NEW YORK, Jan. 14. The tone of today's stock market ranged from irregular to firm, witli a total output of moderate proportions. Representative snares rose and fell alter nately, the only notable exception being Baltimore & Ohio common and preferred and New York Central, whi6h rose from 1 to over 2 points. Coppers. American smelting ana a lew less active specialties, such as People's Gas, American Tobacco and United States Rubber, advanced a point or more on small dealings andmotor atocks were In evidence at higher prices. The onlv real activity of the session oc curred In the final hour, at which time the directors af the Baltimore at Ohio Ban road were deliberating on the common div idend. Pflars nf a drastic cut caused a sud den slump In that stock, as well as the balance of the speculative list. When Just before the close it became Known mai me semi-annual dividend had been reduced only half of 1 per cent to la per cent, the entire market recovered. other news of the day included a new high price for May wheat, with an unusually urgent export demand; completion of the financing attending the St. Paul bond lsue and the new Russian loan, Dotn oi which are to be offered pubricly In the near future. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. Bid. Alaska Gold ... 3,'.oi Hi i'S'4 is Amal Copper .. 7.20 5ri s 5? Am Beet Sugar. 1..100 .t.- American Can .. tlOO 2m 29 2s Am Smel & Ret 1,100 1'.4 K'K W-i do preferred ll Am Sugar Ref. 100 106" 106 NUi Am Tel & Tel HSs American 1 i! 22: -'-2 Anaconda Mill.. - - Atchison 1,1'W IMVs WJ. Bait & Ohio .. IT.". 71 686. 71 'i Brook R Tran.. '-'OO S S" ' . Canadian Pac... 1.S0O 159 l!SVk 1S1 central Leather 400 35 85 3ois dies & Ohio Chi Gt Western i'00 10?i 10 10 I.'. M & St Paul 8i Chicago & N W Chlno Copper .. 3,500 33 337 ? Co! Fuel & Jron 200 24 -i'A 24 Col & Southern 24 D & R Grande do preferred 7 Distillers Securi 11 Erie 2,100 22 81 Gen Electric 14.!?. Gt Northern Pf. 400 114 Gt Northern Ore 300 27 274 2;;! Guggenheim Ex s.a Illinois Central 106 Interoor Met pf J Inspiration Cop 1.300 19 IS. 1U Inter Harvester 9:1 K C Southern n Lehigh Valley.... 1.000 134 133 ':! Louis t: Nash..l 115 Mex Petroleum. 400 51 51 5V Miami Copper. ! Mo, Kan & Tex f.00 9 9 9 Mo Paciflc 200 6 6?i 6 Nat Biscuit .. 200 123 123 121 National Lead.. 300 4 40 46 Nevada Copper. 200 1 2 12 12 N Y Central ... 3,600 Srt SS S8 N Y, N H & H. 500 54 54 53 Norfolk & "West 101 Northern Pac .. 800 102 102 102 Pacific Mail 20 Pac Tel & Tel 27 Pennsylvania ... 1,000 105 105 105 Pull Pal Car 153 Ray Con Copper 900 16 16 1 Reading 700 147 Republic I & a ilii'l 20. 20 20 Rock Island Co 200 do preferred 1 St L & S F 2 pf 2 Southern Pac .. 1.100 85 84 85 Southern Ry ... 1.000 15 15 15 Tenn Copper .. 1.400 31 31 31. Texas Company 133 Union Pacific .. 3.100 119 118 118S do preferred.. 200 80 80 SOU D S Steel ,00 51 51 '4 51 do preferred.. 200 107 107 107 Utah Copper .. 300 51 51 51 Wabash pf 1 Western Union. 4.200 60 59 60 Westing Elec 72 Total sales for the day. 121,300 shares. BONDS. U S ref 2s. reg. 97 U S Old 4s, reg.109 do coupon 97 IN Y C G 3s... 81 U S 3s. reg 100 'Nor Pac 3s 64 do coupon. .. .lo I do 4s 90 U S N 4s. reg. .100 Union Pac 4s... 96 do coupon. .. .109 I Money, Exchange, Etc. NEW YORK. Jan. 14. Mercantile paper 3 0'4 per cent. Sterling exchange, steady. Sixty-day bills, Y4.S125; for cables, $4.8415; tor demand, f4.S3UO. Bar silver. 49 c Mexican dollars, 370. Government bonds, steady; railroad bonds, firm Time loans, easy; CO days. 3 per cent; 90 days, 3lij3 per cent; six months, 3 per cent. Call money. Arm. High, 2 per cent; low, 2: ruling rale, 2; last loan. 2; clos ing bid, 2; offered at 2. LONDON, Jan. 14. Bar silver, 22 d per ounce. Monev, 1 per cent. Discount rates Short bills, 2 2 per cent; three months. 2. SAN FRANCISCO, Jan. 14. Sterling In London, CO days, f,4.Sl; sight, S4.S4; cable, 4.84. Americans Steady at London. LON DON, Jan. 14. The American section of the steady. Pacific of gov stock exchange waa fairly active and with the most business in Canadian shares. The approval of the board ernors of the New York btock .x- change to restore arbitrage dealings be New York and European markets tween raises suit. hope that London soon will follow PROSPEROUS YEAR SEEN GOOD TIMES AHEAD IS VIEW OF LEWIS F. SWIFT. Company's Annual Report Shows In crease la Profit In 1014 Bus iness of K-I25,OOO,000 Done. The report of Swift & Co. for the year ended September 26, 1014, shows net profits of S9,430,ouO. against a.200.OOO the previous year. The report states that, notwithstand ing the serious shortage In the receipts of livestock in the early part of 1914. Swift si Co. have been able, by the development uf other lines, to maintain their volume for the year at a total of more than 2,000,000 tons of meat and by-products, having a value of over $425,000,000. On this volume Swift Co. earned 3 1-5 cents on each dol lar of sales. From these profits the com pany Is paying Its shareholders 7 per cent on their Shares and is putting away a sat isfactory amount In the surplus account. In thus giving the investors an adequate re turn the company has not Imposed any ap preciable burden on either the livestock raiser or the consumer, says the report. The income account for the fiscal year compares as follows: 1914. 1913. Vet profit t9.40U.0O0 9.250.000 Dividends 3.250.000 5.250.000 Surplus $4,200,000 $4,000,000 Previous surplus 33,000,000 29,000,000 Total surplus $37,200,000 $33,000,000 President Louis F. Swift ssys: "I have Just completed a trip to tha Pa cific Coast snd the Western states, return ing through the Southern states. From ob servation I believe this country, as a whole, is faclnga year of prosperity. Certainly the farmers (and they are the backbone of prosperity) -are realising on the greatest crop the best pricea ever known. There is. however, the exception of the cotton Industry, which has had a great handicap; but this, I believe. Is fast being adjusted and will soon be overcome, "Swift Co. did what they could to re lievo the situation by Increasing as much as possible the use of cottonseed sil and other Southern products. Including bags, sheeting and covers for meat. Our pur chases of cotton goods amounted to over 10.000.000 yards last year." President Swift adds that the spread of the foot and month contagion la practi cally over and that the Federal and state governments are to be commended for the effectiveness with which they have handled this trouble. In many states dividing the loss occasioned through condemnations for slaughter and it is generally understood that the other states will make appropria tions to take care of the matter in a simi lar way so that the producer will be reim bursed for ths meat value of the animal. He calls attention to this as another indi cation of the value of livestock as a collat eral security, both to the banker and to the Individual. New York Sugar Market. NEW YORK. Jan. 14. Sugar futures mar ket was easier during the morning session under scattered realizing, prompted by more favorable weather conditions In Cuba, which may lead to increased offerings of raws. Prices at noon were 5 lower to 1 higher with sales of 450 tons. The spot market was easier with sales of 25,000 bags of Cuhas for January and Feb ruary shipment. Molasses, 3.27c; centrifugal, 4.04c; .refined, steady. LOCAL PRICES , ARE OFF TE TO TWENTY CETS. Only One Load Is Received and Top Quotation Is ?6.00 Sheep Are Steady. Although only one load of hogs reached the stockyards yesterday, the market in no way recovered from its former weakness, and hoe values were quoted 10 to 20 centa lower than on the preceding day. The top price obtainable was J6.90, but the bulk of Bales were at a dime- under this price. The only other business done were the sales of two loads of sheep at prevailing quotations. Tho hogs received. 123 head, were shipped in by A. D. Messenger, of Towal, Wash. The day's sales were as follows: Wt.Price. Wt.Price. i hog i-"" $6.0", 3 hogs 3.".:: $h.oo it fill! S hn. 165 K.OO Shoes... 325 5.S0 10 hogs 312 6.90 1 hog.... 240 0.S0 120 ewes. .. . 103 4.73 122 hogs 167 6.S0 61 wethers.. 94 6.50 Prices current at thi local stockyards on the various classes of stock: Cattle .... Prime steers i.B04JT.iB Choice steers I ?l"lI S!J ir,li,im MtAnra 6.75O7.00 Choice cows 6.00W6.75 Choice cows 5. 1 5 96.00 Medium cows 5.00j.00 Heifers 5.00 6.50 Suis 3.50 5.00 Stag 4.50 6.00 I.ighteSrr. 6.750.90 Heavy 5.80 6 6.30 Sheep Wethers S'5?5 Ewes 6.OO4J5.50 Lambs 8.25 7-50 Omaha Livestock Market. x SOUTH OMAHA, Jan. 14. Hogs Receipts, 10.000; market, steady. Heavy $6.6..&b.iu; light, $6.606.75; pigs, $5.25fi 6.25; bulk of sales, $6.05 46.70. Cattle Receipts, 2S00; market, steady. Na tive steers $6.758.75; cows and heifers, $5.25(S7.25: Western steers, $5.75&8.00; Texas steers, $5.75f?it 7.00: cows and heifers. $56.75; calves, $78.75. Sheep Receipts. 11,000: market, lower. Yearlings, $.07.60; wethers, $5.754S.40; Iambs. $8 8.35. Chicago Livestock Market. CHICAGO. Jan. 14. Hogs Receipts. 52,- 000; market, weak to 5c under yesterday's average. Bulk of sales, $6.656.80; light, $6.506.S5; mixed, $6.60-6.90; heavy, $6.50 (fre.So: rough. $6.50to6.60; pigs, fo.iaB"o. Cattle Receipts. 50OO; market, firm. Na tive steers, $5.65(&9.50: Western, $4.S5'?5 7.50; cows and heifers, $3.258.1u; waives. $7.50i5 10.50. Sheep Receipts, 14.000: market, slow. Sheep, $5.7O50.50; yearlings, 6.707.65; lambs, $6.75618.65. Dry Goods Market. ' NEW YORK, Jan. 14. Canton flannels for Fall were today priced from 1 cents to 2 cents below last year. Large additional orders for uniform cloths ror war purposes were received by men's wear mills. Chicago Dairy Produce. CHICAGO. Jan. 14. Butter Unchanged. Eggs Unsettled. Receipts, 3226 cases; at mark, cases included, 25&36c; ordinary firsts, 3435c; firsts, 3637C. Duluth Linseed Market. DULUTH. Jan. 14. Linseed, cash, $1.85; May, $1.86. Cotton Market. NEW YORK. Jan. 14. Spot cotton, quiet. Middling uplands. 8.05. No sales. Dried Fruit at New York. NEW YORK, Jan. 14. Evaporated apples quiet. Prunes firm. Peaches steady. Hope at iew York. . " NEW YORK, Jan. 14. Hops qulet- DA1LY METEOROLOGICAL REPORT. PORTLAND, Jan. 14. Maximum temper ature, 49 degrtees; minimum, 43 degrees. River reading, S A. M., 6.8 feet; change in last 24 hours. 0.9 foot. Total rainfall. 5 P. M. to 5 P. M., 0.79 inch; total rainfall since September 1, 1914, 17.84 inches; normal, 22.44 inches; deficiency, 4.60 Inches. Total sunshine. 1 hour 30 minutes; possible, 9 house 1 minute. Barometer (reduced to sea level; V. at.. 30.11 inches. WEATHER CONDITIONS. g D Wind g w3 a ; tj 1 ? stations c . S State of blAUU'N3- 3 2 5 WeatHer 1 I3 I T3 . . Baker Boise Boston ....... Calgary Chicago ....... Denver Des Moines .... Duluth Eureka Galveston ...... Helena ... Jacksonville ... Kansas City ... Los Angeles . . . Marshfleld Medford Minneapolis .... Montreal . . New Orleans . . . New York ..... Norths Head . . . North Yakima . Phoenix Pocatello Portland Roseburg Sacramento .... St. Louts Salt Lake San Francisco . . Seattle Spokane Tacoma Tatoosh Island Walla Walla ... Washington ... 380 40 0. 041 4'SE 22 4:xw Snow Cloudy Clear Clear Clear Pt. cloudy Clear Clear Rain Rain Pt. cloudy 34 0. 00 6!S 24 0 44 0 00- 4-SE 00:1SW 00:10 NE OflJ 4'E 01 10'W 52 0 44 0 20 O. 50 0. 301 4;N 00 4 SW 001 S SW OOt 4 W 00 10 s 0OI12NW 540. 40 0. 5610. Cloudy 54:0. 60 0. Clear Clear ' 50 0. 301 4:xw Cloudy 4610. 16 4 NW 00 4!N Cloudy 26 0 240 7010. 410112 45 OOi 4 SW Cloudy 40 0. 46 0. 3610 . 64 0. 00'I6 S Cloudy 14 36iNW! Cloudy 041 6!NWl Clear OO 4'NWClear 360. 490 46 0. 10 18 SW .Cloudy Sf vv 11 ear Pt. cloudy Clear Clear Clear 56 0. 02! 4 IN' 00' 4 W 00! 4'N 6210 42 0. 5610 02114NW ;Clear 44 0. 10 SIE Rain 38 0. 30 8'SW Cloudy 46 0. 40O. 0s;18 SW IPt. cloudy 44 w Kain 44 0. IS t-S Cloudy 48 0 .00 41SE -Clear Winnipeg I 00 01; cairn snow WEATHER CONDITIONS. The Vancouver depression has advanced eastward and now overlies the Canadian Northwest. There is a secondary disturb ance extending from the main depression south to Colorado. The barometer Is now rising rapidly over Oregon and Washington. The following maximum wind velocities oc curred today: North Head, 60 miles northwest- Tatoosh Island. 52 miles west, and Eureka 26 miles northwest. Precipitation mostly In the form of rain haa fallen on the Pacific Slope as far south as San Diego and snow has fallen in Montana and Wyom ing It is much colder in Minnesota and Eastern North Dakota. The conditions are favorable for occa sional rain Friday in Western Oregon and Western Washington, and for snow followed by fair weather in Eastern Washington and Northern Idaho. The winds along the coast will diminish tonight. FORECASTS. Portland and Vicinity Unsettled; probably occasional rain: westerly winds. Oregon Fair except rain northwest por tion; colder east portion; southwest to west Washington Occasional light rain west, snow followed by fair east portion; south west to west winds. s Idaho Fair south, snow followed by fair north portion; colder. EDWARD A. BEALS, District Forecaster. In the vicinity of Newcastle, England, there Is said to be coal enough to last the world 800 years that Is. 5,000.000,000 tons. There are 3600 people employed as jani tors in San Francisco. Of this number more than 2000 are Japanese. $1,000,000 Multnomah County, Oregon, 5 Inter-State Bridge Bonds Dated July 1, 1914. Due Serially at the Rate of $40,000 Per Annum, July 1, 1918, to July 1, 1942, Inclusive. " DENOMINATION $1000 Principal and Semi-Annual Interest Payable in Portland or New York FINANCIAL STATEMENT v Assessed Valuation, 1913. . . , ? $311,464, 675 .00 Total Bonded Debt 1,250,000.00 Population, 1914 (officially estimated), 27o,000. Pre-eminently the premier municipal bond of the entire Pacific North west and one which affords an investment beyond question. Free from normal Federal Income Tax. Available with the United States Government as security for Postal Savings Deposits. Having already sold over $750,000 of this issue, we offer the balance in amounts to suit, subject only to prior disposal. Descriptive circular, containing detailed information and price, fur nished upon request. ' . j MORRIS BROTHERS, Inc. Railway Exchange Building Portland OF TEH CENTS Chicago Wheat Is Dime Higher Than Last Monday. i GREAT SCRAMBLE TO BUY Scntunent lit Pit Influenced by Re ports of Depletion of Stock on Pacific Coast Kyo at High est Price for 50 Years. i , , , - a ri Tan 14. Wheat jumped to day to a point virtually 10 cents a bushel higher than on Monday last, n iv.u. tors were tumbling over each other to sell out because of wild talk that the Turks were yielding control of the Dardanelles and that hostilities by Italy implied a speedy end of the war. . , . . , At the summit May wheat brought today $143, a price not equaled before in years The chief reason was that exporters wanted more wheat than they could buy in all . ,., n-ullno- was much un- American min.c.o. - " settled at the close, which varied from the same as last nignt w Jf'u -Corn finished unchanged to a sixteenth up. oats had a gain of hi cent and provlaions were down 0 to 12 cents. . , . Reports that the depletion of wheat stocks on the Pacific Coast had led to sharp com petition from there on this side of the Rock ies helped to give the bulls almost complete- sway over prices. fc.j Excitement In the wheat pit fairly boiled over In the last hour, when rye a substi tute for wheat, was chalked on the bulletin boards as commanding 1.17 a bushel, a price beyond anything known In B0 years. , i i.aauinaSa nvlne to large re- ceipts. Wheat strength, though, exercised somewhat of a restraining "' S sequently the corn market rallied, owing to the extraordinary bulge that developed In wheat. The close was steady. Oats proved firmer than corn, owing to buying on the part of export houses. More .. onn i t. i n -kata warn stn! rr nfrP toago to the seaboard, in addition to 170.000 bushels domestic. Lower prices for hogs weighed down pro visions. Most of the business was of a gen eral commission sort. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. May 1.41 1.4 1.40Vi .42 July 1.2!s l-ao I-2 1'A CORN'. May 74 .IS'i -14 -1 July 75 -7ol. -7a OATS. Atav .. -55H .03 .54 .53H juiy .::.:. 2 .53 .52 .53 MESS PORK. T 18.00 1S.10 17.95 18.10 May -1875 1S.S0 1S.50 18.b. LARD. To " 10.40 May '.'.10.s6 10.SO 10.65 10.70 SHORT RIBS. Ia 97754 May I".'.... 10.12H 10.15 10.00 . 10.10 WheatNo" 2 red. ,1.40 1.4S ; Ko. 2 Corn-No. 2 yelTow. 7071c; No. S yellow. 68l&89'. c. .... Rye No. 2. ,1.1. Barley, 69 3 7SC. Timothy. $tl&7.50. PHmary're'tsWheat. l.ll'O.OOO bush els: com, l.S43"ooo ushels; oats, 81'O.UOO r-Vearances Wheat, 707.000 bushels; corn. 145.000 bushels; oats. 1000 bushels; flour. 33,000 barrels. Foreign Grain Markets. LONDON. Jan. 14.-M:arzoes on passage. 6d to 9d higher. LIVERPOOL. Jan. 14. Corn. February, Ts Hid. Wheat not quoted. PARIS. Jan. 14. Wheat and flour, ?4d higher. BUENOS ATRES. Jan. 14. Wheat. d higher; cash wheat. Is 3d higher. ROSARIO, Jan. 14. Wheat. 114 to 2d higher. ARGENTINE. Jan. 14. Shipments esti mated at 120.000 bushels wheat this week. Minneapolis Grain Market. i Taw 14 Wheat. May. bfdT July, Yr37 asked; No , 2 hard,-1.41; Ko. l Northern. 1.35V, 1..0 ; No. 2 Northern, tl-i-'tt S'1.38. Barley, Wiy "c. Flax. tl.S4i41.86V4. , ' Other Eastern Markets. DULUTH. Jan. 14. Wheat closed: May, $1.40 asked; July, fl.89. WINNIPEG, Jan. 14. Wheat closed: May. ,1.40; July. ,1.41. I MINNEAPOLIS. Jan. 14. Wheat closed; Msy. ,1.37V4 bid; July, ,1.37i asked. ST LOUIS, Jan. 14. Wheat closed: May, ,1 39 ; Julyr ,1.22. Cash corn unchanged. Oats. 4e higher Paget Bonnd Wheat Market. SEATTLE. Jan. 14. Wheat Bluestem, Gil The First National Bank FIFTH AND M0RRIS0JT STREETS CAPITAL AND SURPLUS 93.50O.00O Interest Paid on Savings an,d Time Deposits Security Savings and Trust Company Fifth and Morrison Streets CAPITAL AND SURPLUS $100,000 LADD & TILTON BANK sCatabllaketl ISM. Capital and Surplus Commercial and ,1.43; Turkey red, ,1:33;". fortyf old. ,1.42; club, ,1. 41; Fife. ,l.K7;-?ed Russian. ,1.85. Barley, ,30 per ton.'- Yesterday's car receipts Wheat 7, oats a, barley 3. hay 17, flour 17. TACOMA, Jan. 14. Wheat Bluestem, ,1.40; fortyfold, ,1.38; club, ,1.3o; red t If e, ?1Car receipts Wheat 28. barley 3, corn i, oats 4, haye. Ban Franelwo Grain Market. SAN FRANCISCO. Jan. 14. Spot quota tions: Walla Walla, ,2.30(812 3; red Rus sian. S2.8on2.85: Turkey red, ,2.3Hfr2.4ll. The Canadian Bank ' of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general hanking business transacted. Interest paid on time deposits. Commercial I.ettera of Credit Issued. Excluuisre on London. Kns;laad Uoueht 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 Amercan - Hawaiian Steamship Co. "The Panama. Canal Line." EXPRESS FREIGHT SERVICE Between Portland, STevr York, Boston. Philadelphia and Charleston For Information as to Kates, Sailings. Etc., Call on or Addroas C. D. KKSSEDY. Agent. 270 Stark Street, Portlaad, Or. STEAMSHIP Sails Direct for SAN FRANCISCO .vi-vii'. A Vr. MAN' niRfiO. Saturday, Jan. 16, 2:30 P. M. BA! rilAl I . rum ij;; VOS ANGELKS STEAMMIIP CO. FltAJSK JOLLAs4. Asent. Ill Third sit. A Msla ta. $2,000,000 Savings Deposits bluestem, ,2 ,3.V 2.40; feed barley. $1AT9: I.Sn; while outs, II.T5 w 1.77 S : I ran. I" , g".:: iiililllln?:a, y.ii :M: s'i"rl. ,1U '!;!. TRAVELER.' Glint t s Bb un d Fo r Trie Inlands Of Sweet r . ' . . a v . rtAiiitht. w.evw CaT K wonderful bolMsy qalta illnVren novel eoeaea uu iiiui m. - - Round trip. first cabin, Hmaolala.$Ilo Sydney, A37.M. Va daya to Honolulu. 19 days to Sydney. Superb 10 imO ton American SUassers "Sierra," "Sonoma" or "Ventura" (classed 100 Al Lloyds). Unsurpassed cuisine. Ask for folders about Grand Tour of South Seas, includins; Honolulu. Samoa, Australia. Tahiti, etc.. H.17.W. Around the world at reduaed rates. Wrlla for illustrated folder with colored maps of tha Islands of tho I'aciiic OCEANIC S.S. CO. saii.i;i 7I M.At Sr. 'y -i 1 eta, " Ssa frsarfMo, Osl. Sy,in.y .Ian. III. COOS BAY AND ECKEKA S. S. ELDER SAILS SUNDAY, JAN. 17, A. M. AND KVEKY SUNDAY TllERKAKTI.il. NORTH PACll'IC STKAMMllr Cl. Ticket Offlos t Freleht Office I'ii A 3d St. I Foot Moi-llirup St. MAIN laM. A 1314. I alaln S2US. A asi'a. 8. 8. BEAK SAILS t I. M., JAN. la. SAN FRANCISCO LOS ANGELES The San Kranelwo I'ortnd S. a C, Third and Hasliinstoa Sts. (with 0,-T. U. I s, Co), let. Marshall 4MIU. A HI. COOS BAY LINE STEAMSHIP B It EA It WATER Palis from Ainsworth dock. Portland, s r. M every Tuesday. Krelshl snd tusst oITicsv lower Ainsworth dork, P D 8. 8. Ulna. L H. Keatlns. Atent. Phi.ne. Msln 3i. 4 2332. City Ticket office. Slxib Ht. O. w. Stlnter. AIt Phones Marshall 4,'.OU. A Slit NIGHT BOAT FOR THF! nAI.I.KW Str. State of Washington leaves Taylor-st. dock Mon., Wed.. Fri day at 11 J'- M- for Th" i'11'11'"- '-I''". Hood Klver. White Salmon, I ndorwood. t'arson. Stcvonnon. Hei urnlii. leav. s The lialles SuiKiay. Wed.. I rl.. 7 A. l. Tei. Wain 61.1. r are i. Including Usria oa nlht ui. i