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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 27, 1915)
1! FEED GRAINS FIRM Oats and Barley Market Are Tending Upward. STOCKS MUCH REDUCED Indications of Easier Tendency in Freights in Xear Future 31ay Affect Local Wheat Situa tion Trading Is Light The oats and barter markets appear to b In a firmer position than wheat, so far aa tha local situation la concerned. There is no question but that stocks of the feed sralns are much reduced in the country, and dealers hold a considerable share of the supply. Both these cereals are regarded as fairly cheap In price, and the export de mand for them continues. Some barley buy In In the Interior has been done at prices better than prevail here. Current wheat prices are considered too fcleh by most deaJers. Freights are up, but cargoes are not selling at any advance this week, yet the tendency of wheat values here la to ascend. The market Is figured te be out of line .from an export stand point, and the demand from California Is again unsatisfactory. At the same time the lightness of Northwestern stocks is a strong factor, and there are signs that the freight market may soon recede from its high plane. That Europe is nowhere near the end of Iter buying is made plain by the purchase In the East yesterday of a cargo of Ills wheat. bales on the local exchange were as fol lows: 10,000 bushels March clu $ 1.44 lO0 tons February oats 36.50 J 0O tons March oats ... 37.50 3O0 tons May oats 39.00 The March club brought a cent more than was bid Monday. March and May bluestem and March fife were each up one cent, prompt forty-fold gained half a cent and February red .Russian was half a cent lower. Other wheat bids were unchanged from Mon day. March and May oats sold at a quarter ad vance, but next month's delivery was un changed. Feed barley bids were raised a quarter. .Local receipts In care were reported by : the Merchants Exchange as follows: Wheat Barley Flour Oats Portland 69 7 t 14 Tearairo 55 -0 16 9 Season to date ICSl 13..H 1524 1465 Year ago. . . Tacoma, Mon day Year ago Season to date Tear ago Seattle, Sun day Tear ago Season to date Tear ago 124S3 1875 1730 1267 5 3 376 S4fi 59 7233 6773 31 SO 5ST.2 51S5 4 419 457 1 12 S57 949 7 17 1493 1228 1 2 929 Hay 4 13 13t8 1813 11 5 2238 1647 26 3210 3191 local ranch eggs began declining a month earlier than Usual. The bulk of the eggs 'Imported this sea son nave been transhipped to eastern points for distribution. Kfaabmrb From Walla Wallm. A car each of celery, sweet potatoes and mixed vegetables, mostly cauliflower, ar rived from the South yesterday. A ship ment of hothouse rhubarb was received from Walla Walla and gold at 15 cents a pound. Toe fruit market was quiet. There Is a firmer feeling in the potato trade and good Oregon are jobbing at Several ears of Washington potatoes were received yesterday. gg Trade Is Slower. The egg trade was slower yesterday. Retailers, expecting warmer weather, are holding back and buying from band to mouth. The little business done ' was , at 32 cents case count and S3 cents candled. Small orders from the North were filled. Poultry receipts were light and prices were steady, good hens selling at 13 cents. Dressed meats were firm at last prices. Ho changes were reported in dairy pro duce' lines. BONDS ARE STRONG Low-Priced Issues Add Gains Recently Made. to STOCK LEADERS NARROW Steel Is Unchanged In Spite of Di rectors' Meeting Southern Cot ton Carriers AdTance Strongly. Wide Gains In Minor Issues. I aso Id Stocks of Coast Bops. Tha unsold supply of hops on the Pa cific Coast Is estimated at between 46,000 and 47,000 bales. . California advices xe- NEW YORlC, Jan. 26. Prominent stocks moTed within extremely narrow limits dur ing today's dull and irregular session. Canadian shares. Erie first preferred, cetved yesterday stated that in Sacramento Western1 Maryland and the Southern group there ar. 21,700 bales of all growths, and I of railroads were op from one to almost two In other parts of California growers' hold- polnt a er "peciames use m- . . . , . (lean Hucar. Beet 8ugar. Western union. ' c . oaies. in nasmngion unu- w.,,, ,, Tmeh.,. r-nnl nreferred era have 4000 bales, of which 4200 bales Ke.rs-Roehnelc advanced six noints. are Yakimas. Growers' stocks In Oregon l Thit rise in the shares of the cotton roads are estimated at ooo tn fiooo bales. was the more Inexplicable from the fact that the Southern Railway reported unm vorable tamtnes for December, operating revenues fallfng off over $I,10(M00. with a net loss of SJ4,bow. union racme, y re ducing Its expenses, showed a small net train, while Atchison resardless of Increased Shaping well I expenses, made a net gain of s4Bu,uw. ana nrmer 4 ------- . " , of Large Cascars Peel Expected. Cascara bark dealers believe there will be a large peel In the state this year. The market now Is auiet and steady. A London dealer writers: for a rise. Dearer freights prices on tne coast may drive our marKet .,. tb. rPtmit nf which was not against Its will shortly. It is Quite time made public until after the market's close. It got on its feet again. Four years old (The statement disclosed total earnings of still about SSs." I only $10,933,170 for the last three montns of 1914. the poorest showing in tne niaiory Apple xports Larger. I of the corporation, and was accompanied ..-i, ,Art, v v-iDy announcement mm n uu "i Apple exports from New York for theJAaA , amaa rommmo - -co .ii, ov. shares. barrels, against 3S.442 the same week a I The bond market showed more strength year-ago. Exports for the season, up to I than stocks, low-priced Issues adding to re- last Saturday, were 1.S47.G06 barrels, asainst I CAnt ins. Total sales, par value, . i en " r, i u i 1,454,304 barrels the same week a year ago. Bank Clearings. ' Bank cloarings of the Northwestern cities yesieraay were as follows: Clearinea. Balances. Portland si.641.il'4 S14K174 of.lii. . J.brs.l.uzi z:4.S13 Tacoma . :tio-.'o. xa 4o opunuue l.t 44, l.iU were t2.a70.ooo United States coupon and registered -a advanced 4 , the coupon 3s H and Panama registered 3s H per cent on call. CLiOSING STOCK QUOTATIONS, PORTLAND MARKEI QUOTATIONS Grata. Hour, Feed. Etc, Merchants' Exchange, noon session. rrompi aeiivery. BAKER FARMERS ARE HOLDING GRAIN Expect to Get t a Basfael for Wheat in Spring. BAKER, Or., Jan. IS. (Special.) Buyers of grain its finding growers In Baker County decidedly unresponsive to the high prices offered, according to the various buy- ing agencies today. Both barley and oats have advanced somewhat so that top offer ings are 130 a ton for barley and 11.70 a hundredweight for oats, but despite rather large holdings of barley and oats still In ths hands of the growers no movement of grain Is reported. Wheat prices continued today, -on the Baker market from $1.25 to tl.30 a bushel. Buyers said today that there are only a few farmers who hold any considerable quantity of wheat, and that these are all In a position to hold, and they are doing so declaring they will hold until Spring, when they expect prices as high as $2 a bushel. Virtually all of the farmers, how ever, are said to be holding a certain quan tity of wheat, as well ss of other grains, for seeding purposes. Reports from all sources indicate that there Is a large amount of oats in the com munity. The .prices. SI. SO to 11.70. which sr. being offered are higher than have ruled before In Baker, save in a few in stances of purely local famine at seeding time. Despite this, growers are flatly re fusing to sell, declaring the price of oats will rise to $2 a hundredweight Inside ol a few months There is not such a large surplus of barley over the amount which can easily be fed In Baker, County, but the growers are holding despite the big prices. IMMENSE EXPORTS OF FOODSTUFFS. December Wheal shipments Five Times Greater Than Year Ago. In response to numerous urgent requests for Information regarding the exports of wheat and other foodstuffs from the United States during the past year, tho Bureau of Foreign and Domestic Commerce of ths Department of Commerce has compiled a nreltmlnary statement covering December snd tho 13 months ending with December. December breadstuff! totaled ,.3.S0.-08, against $ll,ll.tu0 In December of the pre ceding year, and December meats. SJ2.20S.- 990. against IliOlHi.lO m the same month a year earlier. Wheat exports in December aggregated 18,573.-17 bushels, or live times the quan tity In December, IMS, namely, 5.7'4.027. The average export price la6t December was $1,-5 per bushel. against. !3 cents in December one year earlier. Of flour the month's export movement was BS4 per cent more than In December. 1913. being 1.&18.S1T barrels, compared with 1.070.:40 In the same mouth a year ago. and the valus thereof was Si.473,ti60. compared with 44. (HIS, 22.1 in December. 1013. Oats showed a larger total In December than In the entire calendar year 1013. ' The outward movement totaled 5.203,431 bushels . in December last, against 30.70S bushels in December, 1013. and 5.202.717 In the year ending with that month. Corn rxports In December, 1914, amounted to 4,$2'.00t bushels valued at S3.fkM.392, acalntt 749.121 bushels valued at S.'0,16 In December, 1013. Fresh beef in December showed a total export of 0..i04.343 pbumls. against .VJ4,tO pounds in December. 1913, and 6.61S.S31 in the 12 months ending with December, 1913. Tickled and suited beef doubled In quantity of exports, the December total being 2.H51.0SO pounds, against 1.487.74s pounds in the same month of the preceding year. Wheat Bluestem ......... Fortyfoid Club ".. Red Russian ...... Red fife Oats No. 1 white feed.. . Bsrley No. 1 feed Brewing ...... Eran Shorts Futures February bluestem March bluestem ... May tbloestem . . ..r February fortyfoid Marcn lortytold Bid. . 1.45 . 1.43H . 1.41 i, . 1.35 . 1.3T .0. 50 . 32.50 . 32.51) . 30.00 . 31.00 . 1.4B . 1.48 . 1.61 . 1.44 1.4 February club 1.424 Ask.' S 1.47 1.43 1.4S 1.37 ' 1.40 3.75 33.00 33.50 31.00 32.00 1.47 1.4A 1.S2 1.45 1.47 1.43 1.44 ii 1.37 1.3S 1.40 1.43 3.75 37.50 39.23 33.00 34.00 31.00 Alaska Gold . . Amal Copper .. Am Beet Sugar American Can.. Am Smel & Kef do nreferred. Am Suirar Ref. Am Tel Tel. Am Tobacco .. Anaconda Min. Atchison Bait A Ohio... Brooklyn R T. Cal Petroleum.. Canadian Pac. Cent Leather.. Ches Ohio... Chi. Gt West.. Chi. M at P. Chi & JJW Chlno Copper.. Col Fuel & Iron. Col & Southern Den & Rio G. Sales. 1,41)0 0,01)0 81)1) 3,800 High. 2S r.7 80 Closing Low. Bid. 3,000 108M, 200 1.01 10 2.800 3.B00 SO 500 4:00 300 3.1W 400 300 231 4 27 (Hi 74 87 H 17V4 154 34", 4B 12H 2 27 SB7, 34 V4 29 is ioiVi 230 ' 11 87i 17 165 34 45 a; 11 1,200 -SUM 3ft 28 34 U 62 ,102 1T 120 27 4 74 87 17 34 4 11 !2 127 3rt 2 period trebled in value, rlsins from $3,270, 627. foreign value, to S9,134,3S4. The Imports of wool In the first 11 month of the calendar year 1914 were 2d,6.0 poundfi, an excess of 19.317,640 pounds over the total Imports for the fiscal year 1914, wnich amounted to 237.648.369 nouttds. The imports of unmanufactured wool front January to November, inclusive. In 1914 as greeated 256,96,i09 pounds, valued at o 66G.929. The imports for the correspond ins; period in 1913 aggregated 130,182,682 pounds. valued at $24,421.662. w York Sugar Market. - NEW YORK. Jan. 3d. The market for sugar futures opened from 1 point higher to 5 points lower. Near months were iirm in sympathy witli the strength of the spot situation, but later deliveries were easier under moderate realizing. At noon, prices were around the opening level with sales of 1500 tons. A sale of 15,000 bags of centrifu gal for February shipment was made at 4.01c. The market closed steady with cen trifugal quoted at 4-Olc to 4.07o and mo lasses sugar at 3.24c to 3.3-oc The soot suar market was firm. Cen trifugal, 3.9S4.01c; molasses sugar, 3.Z1 3.24o. Refined, steady. Americans Steady at London. LONDON, Jan. 26. Apart from a slight weakening In home rails and Americans In tne anemoon, tne biock mamec was ieuj todav. A fair business was done in Ameri can rail gold bonds. Chief interest in the American section centered in Canadian Pa cific, Union Pacific,- United States Steel and Southern Pacific at hardening prices, but the market finished with an easier tenaency. Chtcafo Dairy Produce. CHICAGO. Jan. 26. Butter Unchanged. Etrgs . Lower. Receipts, 5880. cases, at mark, cases included, 25 4 31c; ordinary firsts, fiOftOc; firsts, 30(S35c. YARD RECEIPTS SILL ONLY FOUR CARS OF STOCK REACH . NORTH PORTLAND. HEAVY fetiriakacc LOOSES ' IX CHINESE EGGS. Is Too Mm'K for Importers at Seattle. " Several large firms at Seattle have de cided to quit Importing Chinese eggs, ow ing to tho lack of understanding on the qualities of the Imports. The Seattle cor respondent of the Packer says that tor the past month. Chinese eggs have been imported at the rate of 6000 to 000 cases per month- Uo&a ran so heavy that the Federal Uovcrnment refused to permit the ships to put the stuck ashore until It had been candled. Heaps of bad eggs have been burned and otherwise destroyed, shrinkage running as high as 40 and 40 per cent. Allowing for shrinkage, importers believed they could still get enough of the stock to make a profit en ,the low buying price in China, but the egge collapse qulgkly through climatic or other changes and the experiment has been anything but a success. One Seattle Importer has 7000 caeae ea hand at present and with a wholesale sell ing price of 13c up and shrinkage proceed ing, the value of these eggs Is imiy specu lative. It la now rcgardttd as certain that tho large nnmb-er of Intportem wlie were ' projected on the scene wn the duty was removed ly tne new tariff: hav nearly com pie: ed their labor, ttrtliT - discour agement came to them wliea the prtte at March club 1.44 February red Russian 1.35 March red Russian 1.37 February red fife 1.3S March red fife 1.41 February oats 36.50 March oats 37.25 May oats 38.75 February feed barley, 32.75 March feed barley . . 33.50 February bran 30. AO FLOUR Patents. 0.S0 a barrel; straights. 10; whole wheat, $7; graham. $6.80. MILLFEED Spot prices: Bran. $3031 pc.- ton; shorts, $32 32. 50; rolled barley. $34.50 3-J.OO. CORN White. $36 per ton; cracked, S per ton. HAT 'Eastern Onnn Hmnfhv s. 1 4 ifi) 1 A - Valiey timothy, $12.50; grain hay, $1012; annua, Fruits and Yegetablee, Local jobbing quotations: TROPICAL FRUITS Oranges, navels. per box; Japanese, per box. 90ci 1 ; ' lemons, 3.50 per box ; bananas. 4&4c per pound; grapefruit, 3.50; pine apples, 7c per pound; tangerines, 11.25 per oox. VEGETABLES Cucumbers, hothouse. $2r&'J.'2i dozen; eggplant, 810c pound; peppers. S4 per crate; artichokes. So 00c per dsen; tomatoes, 91.10 per crate; cab bage, 1,1c per nound; beans, 12-c per pound; celery. iz.itO per crate: cauliflower. $J.2o per crate ; sprouts, 8c per pound ; head lettuce. $1.S5&2 per crate; pumpkins. l-fec per pouna; squasn. lc per pound. liKEGN FRUITS Apples, TjcWSLyO per cox ; casabas, per crate ; pears, si 1-aO; grapes, IJ.u0(&3.75 per barrel; cran berries. S!ii-ll per barrel. POTATOES Oregon. $1-31.15 ner sack; Ida-ho. $1.10; Yakima. S1.101.15; sweet potatoes, 24 c per pound. ONIONS Oregon, buying price, 1L23 f. o. d. snipping point. SACK VEGETABL.ES Carrots, St. 25 per sack; beets, $1.25 per sack; parsnips, SI. 25 per sacK. , Iairy said Country Produce. Local lobbing quotations: - ECKJ3 Fresh Oregon ranch, case count, 33c; candied. U.ic POULTRY Hens, 12c; mixed, lllli4c; broilers, 18i&20c; turkeys, dressed, Sic; live. ISc; du.-ks. 14&16c; geese, 12c&14c. BUTTER Creamery, prints, extras, 3 per pound In rase lots; -c more in less! than ense lots; cubes, 26Sr27c. CHEESE Oregon triplets, jobbers buying price, lac per pound, r. o. b. dock, Portland; loung Americas, 1 c per pound. VEAL Fancy, 12 ,, 1$ 13c per pound. PORK Block, g'ii&'Rc per pound. Staple Groceries. Local lobbing quotations: SALMON Columbia River one - pound I cable, $4.S0?i tails, 2..to per dozen ; half-pound flats. XI. uO; one-pound flats, 2-&0; Alaska pink, one-pound talis, si.ua. HONEY Choice, 43.25 per case. NUTS Walnuty. I5(tt24c per pound: Bra zil nuts, 15c; filberts, 1524e; almonds. 23 $v24c; peanuts, H-c; cocoanuts, 11. OO per dozen; pecans, l(&'J0c; chestnuts, l2-&tpl.c. uisA.Na cmaii wnite. e.oc: large wiute. 6.10c; Lluia, ajc; pink, 5c; Mexican, 6c; bayou, 64o COFFEE Roasted, in drums, 1814a33c. tL'OAH Fruit and berry, $5.85; beet, $5.05; extra C, $5.35; powdered, In barrels. SALT Granulated, $15.50 per ton; half ground. 100s, $10.75 per ton; 50s, $11.50 per ion; dairy, J4 per ton. RICE Southern head. 646!ic; broken. 4c per pound. DRIED FRUITS Apples. Sc per pound apricots, 13&15c; peaches, Sc; prunes, Ital lans, 8'9c; raisins, loose Muscatels, 8c; un bleached Sultans. Tit-: steded. S-c; dates. Persian. 10c per pound; lard, $1.0j per box currants, Pi U 12c. do preferred 12 Dlst Secvurltles 12 Erie 8.300 23 H 22 23 Oen Electric 144 Gt Nor pf S00 117 lWK Gt Nor Ore.... l.i00 74 834 33 H Guggenheim Ex 800 51 01 W- M X Illinois Central 10S Inter-Met pf . . . 6.30O 150 51 Til K Inspiration Cop. 1.2O0 18 18 18 Internati Har. . 800 Internatl Har OG1 Kan City South 23 Lehigh Valley.. 800 138 136V4 137 Louisv St Nashv 120 Mex Petroleum. no 6 65 0H Miami Copper.. 400 18 10 Mis, Kan & Tex 1,200 11 11 11 Mis Pacific ... 5.300 13 13 13 Natl Biscuit 130 Natl Lead 47 Nevada Copper. 80O 13 12 12 N V Central... 1.500 2 92 )2 NY. NH & Har 200 54 54 54 Norfolk & W 102 North Pacific. . 24 106 105 106 Pacific Mail 20 Pac Tel & Tel 20 Pennsylvania .. 1,100 107 107 107 Pullman Pal C 154 Ray Con Cop.. 800 17 17 17 Reading 8,000 151 150 150 Rep Iron & S 21 Rock Island Co BOO 1 7 do preferred . S00 1 1 1 St L 4i S F 2 pf S Sottth Pacific. 3,100 87 80 87 Southern Ry . . 900 17 17 17 Tenn Copper. .. l.fiOO 31 31 30 Texas Co .... 400 135 135 334 Union Pacific. 58 122 121 121 do preferred. 400 81 SI . 80 U S Steel 157 51 51 . 51 do preferred.. 300 308 107 308 Utah Copper... 2.800 D4 54 54 Wabash pf ... 500 4 3 3 Western Union. 1,200 3 63 63 Westing Elec . 4U0 72 72 72 Total sales for the day, 144,300 shares. BONDS. U S Ref 2s. reg. 98jU S N 4s, coup.. 130 do coupon 9SN Y C G 3s... 81 TJ S Ss, reg 301;Nor pac 3s 04 do coupon. .. .luir do 4s if J A V S N 4s. reg. .109iUnion Pac 4s... 90 Exchange in New "York. NEW YORK, Jan. 26 Mercantile paper, is 4 per cent. SterliuK- axchancre. stead v. Slxtv-dav bills. $4.8275 ; for cables, $4851C; for demand. car silver, -toftc. Mexican dollars, 37 c. Government bonds, strong: railroad bonds. firm. Time loans, steady; 60 days, 22 per cent; 90 days, 3 per cent; six months, 8 (fti3 per cent. Call money, steady. High, 2 per cent; low, 1 ier cent; ruling- rate. 2 ner cent: last loan, 2 per cent; closing bid, 1 per cent; oixerea at . per cent. Prices Hold Within former Range Throustaout List - Hoars Bring S6.T0. . Arrivals at the yards yesterday were light. but enough stock was carried over from the preceding day to furnish a moderate supply for the trade. General market conditions Underwent no material change. There were sales of good steers at $U.75.to $7.25 and a few small lots of butcher cattle moved at Current prices. The top price realized- In the hog market during the day was $6.70. Lambs sold close tn Vondnv's -nripe. Receipts were 80 cattle 100 hogs and 110 sheep. Shippers were: With cattle R. Williams. Condon, 1 car; D. Barnhouse, Condon. 1 car; D. I. Laugh lin, Condon. 1 car. With mixed - load W. Chandler, Dayton, Wash., 1 car hogs and sheep. The day s sales were as follows wt. Price! 207 $6.50; 2: hogs... 271 5.SO; 15 hogs.. . 123 0.0O a hogs.. . 50 5.0 16 hogs.. . . 112 6.001 .81 hogs.. . 135 6.40!l01) lambs.. 207 5.75 1 lamb.. . 800 4.75; 2 bulls.. . ll70 6.50 27 steers... Jl!8 .75j 27 steers.. 925 o.50i 3 cows... 7.25, 1 cow.. . . 7.251 2 steers.. 6.00 2 bulls... at the local stockyards on 23 hogs. . 23 hogs. . 40 hogs. . 8 hogs. . 110 hogs. lOO hogs. . 7 hogs. . 1 cow . . . 1 steer. . 10 steers. 2 steers. 1 steer. . 22 steers. 1 cow. . . 32!iO 1181 1150 Prices current the various classes of stock Cattle prime steers . Choice steere . Medium steers Choice cows .. Medium cows Heifers Bulls Stags nogs Light Heavy Sheep Wethers ..... Ewes Lambs Wt. Price 210 $6.70 2O0 6..0 310 6.20 3 26 6.0O . 200 6.70 77 7-60 00 7.60 1365 5.50 1109 7.V0 10 ;o 7.00 3073 5.25 1410 4.00 930 6.25 1525 4.35 NEW CROP BOUGHT Europe Is Purchasing Wheat Not Yet Grown. CARGO OF 1915 IS SOLD Export Demand Has Outrun Supply Already Produced July Delivery Jumps Nearly FiT-e Cents Bushel at Chicago. CHICAGO. Jan. 26. First signs that ex port buy in e of wheat had outrun the sup ply already produced and was grabbing at next Summer's croo brought about today the highest war prices yet, not only for wheat hut for all other kinds of gram. .Tnlv wheat the first delivery of the yield of 1915. made a sudden upward leap of nearly 5 cents a bushel. The wneat marKet as a whole closed greatly unsettiea at c to 44c above last night. Com gained c to c net and oats c to 2c The finish In provisions ranged from 7 c decline to an advance of a shade. Short sellers - of wheat appeared as If stunned today when word was passed around that the sale tl a cargo of the 1015 crop had been made at the seaboard, transaction so forehanded that there was doubt aa to any January parallel. Stampede covering on the part of the shorts in Juiy wheat was at the highest point just before the close of business. The May delivery, which has heretofore been the chief specu lative month, took a secondary place today In regard to the volume of trading, but in the last half hour of the session reached a new top level, $1.46, as against $1.46 yesterday, the previous war apex. Waves of buying carried corn upward with wheat. Oats were relatively firmer than other cereals. The serious reductions of late In the Argentina surplus counted against the bears. Lower prices for hogs made provisions sag. Trading was more largely In ribs than usual. The leading futures ranged as follows: WHEAT. Ooen. High. May ,$1.45 $1.46 July ...... 1.26 1.31 CORN. .. .79 .80 .. .80 .81 OATS. .. .57 .58 .. .54 .50 MESS PORK. May July May July Low. $1-45 1.26 .79 .80 .57 .04 Close. $1.46 1.30 R0 .81 .58 .56 Jan.' May ujy Jan. May uly . .18.82 . .ly.io 18.90 19.15 LARD. 18.77 10.05 .10.77 10.85 10.72 38.27 18.87 10.57 10.82 10.82 The First National Bank FIFTH AND M0REIS0N STREETS CAPITAL AND SURPLUS $3,500,000 Interest Paid on Savings and Tims Deposit i Security Savings and Trust Company Fifth and Morrison Streets CAPITAL AND SURPLUS $100,000 THE BANK OF CALIFORNIA NATIONAL ASSOCIATION of San Francisco. Founded 1S04 Capital Paid in $8,500,000.00 Surplus and Undivided Profits $8,381,757.41 Commercial Banking. Savings Department. PORTLAND BRANCH Third and Stark Streets Jan. 26. Bar silver, 22 d per LONDON, ounce. Money. 1 ner cent. -- Rates of discount: For short hills. 1 per cent: three months bills. la-16 per cenu SAX FRANCISCO. Jan. 26. Sterling exenange, tu oays, -t-o; a era an a, Condition of Treasury. WASHINGTON, Jan 26. The condition of the United States Treasury at the close of business today was: Net balance in general fund $58,335. Total receipts s5.471.23-? Total payments 2,004,209 The deficit this fiscal year Is $-10,540,409 atrainst a deficit of 410.445.000 last year. exclusive of Panama Canal and public debt transactions. MERINO WOOLS SOARING LO.NDO.N PRICKS 5 TO 15 PER CENT ABOVE DECEMBER LEVEL. Hops, Wool, Hides, Etc. HOPS 1914 crop, I0$12c; 1913 crop. uomiiiMi. Salted hides. 14c; salted bulla IOe; salted kip, l.c; salted calf. 10c; sreen hides, life: green bulls, 9c; preen kip, 15c; preen catr, imc; ary Hides, 2oc; dry call, 2Sc. WOOL, Valley. 17lSc; Eastern Oregon, 15f-Oc. nominal. MOHAIR 1W14 clip. 27';c per pound. CASCARA BARK Old and new, 4tf4Hc per pouna. PEL.TS Dry long wooled pelts, 13c; dry short wooled pelts, loc: dry shearings, each, 10 irc: salted shearings, each. 15 fir 20c; dry boats, lone hair, each, 1212Hc: dry goat shearings, each, 10 fx 20c; salted sheep pelts, January, si $f 1.50 each. Provisions. HAMS All Sixes, 17H ?lSc; skinned, 17 ft ISc: picnic. 12c: cottage rolL 13 hkc; broiled. lU&c. BACON Fancy, 7SP2Sc; standard, 23 24c: choice, 17 Vr i-22c; strips. 17-c. DRY SALT Short clear backs. 13f 15-fec; exports. 15?17r; plates, llHtflSc LARD Tierce basis: Kettle rendered, 12 -jc; standard, 12c; compound BARRET, GOODS Mesa beef. $23; plate beef, 24. M; brisket pork. 92S..W; pickled pigr feet. $12.50; tripe, $.00tf 11.00; tongues, $25ff30. . Oils. KEUOSENE Water white, drums, barrels or tank wagons, lor; spar la 1 drums or bar rels. !.1Ui:; cas. 17-J OAHU-VE Hulk, lc: cases, S0c: en gine distillate, drums, 7Vi?: cae-os, i4d na !!), drum, 12c; ease, IOe, UN'tfEED olL. Uaw, tarrel. Tie raw, cases, Til boiled, barrels, 73; boiled, case, T-ie, T-LRHKN'TINB f .tanks, atef-fa casflS, 87 c; 10catf lots, lc leee, ' Americana Baying; Suitable Grades. Advances in Australian Market. Germans Are Boyeottcd. LONDON. Jan. 26. The 10,50 bales of fered at the wool auction salea today were readily cleared at a further improvement. Merinos are now rrom a to 15 per cent aoove tne uecemoer icvei, owing to the in creased demand which is due to the diffi culty In obtaining direct imports and the fact that licenses are being granted more freely." Americans took a fair amount of suitable grades and home traders were eager btvyers of cross-breds, which are from & to 10 per cent over the December average. SYDNEY, Australia, via London, Jan. 26, 9:30 A. II. At the wool eales today the auctioneer refused a German buyer's bid for certain lot of tho material. A dispute followed and when the lot was resubmitted for sale it was knocked down to a French firm at the price the German had offered. Other supposed German bids made later were also refused, and the German repre sentatives finally left the salesroom, hav ing been unable to ouy a eingie Dale. MELBOURNE. Australia, via London. Jan. SR. A good demand was experienced at the wool sales held here today. American com petition was keen and merinos advanced from 5 to 10 per cent. Cross-breds also gained. Reports from Adelaide told of higher values there. . Increase In Imports of TVooL WASHINGTON; Jan. 26. The National Association of Wool Manufacturers reports that tm porta of wool of all classes Increased 13,7S3,R27 pounds In the first 11 months of It 1 4 over those of the corresponding 11 months of the preceding years. The Imports of dress goods SB the came $7.50 S. 00 ..... I. ions' f. si 0.76 417. 6.00f0 5.00 0.00 5.00 fa 7.00 3.506.0O 4.auot.uu 6.25 6.80 ..... 5.25ti.0U ..... 5. 75 6. 65 , .. . 5.00 & 5. 75 6.2517.80 Omaha Livestock Market. SOUTH OMAHA. Neb., Jan. 26. Hogs Receipts, iH.ow ; marKet. lower. neavjr, $6.50 6.00 ; light. $0.45 to' 6.60 : pigs, $5.50 Kf B hulk nf sales. SU.5U (ol 0.5. Native steers, $i;.25& S.25; native cows and heifers, ."7; Western steers, $6S; Texas steers. $5.75w7.2u; Texas cows ana metiers, $4.756.50; calves, $7(&0.25. . Sheep Receipts. 11.500; market, higher. Yearlings, $0. 6U ft) 7. 50 ; wethers, $j.7o 6.0 lambs, i.itMUfts.w. Chicago Livestock Market. CHICAGO, .fan. 26. Hogs Receipts. 49, 00O- market. Hull. lU to 25 cents under yes terday s average. isuik. ol saies, .oo up AT5- liffht. sti.55Q6.90: mixed. S6.45DB.7a heavy, $6.250.70; rough, $6.25 & 0.35; pigs, $5.25 7. Cat tie Keceipts, ouvu. mai kbi, Nat i v steers. S5.G0 (ffi 9.2o : Western steers. $5. 10 ($7.50 ; cows and heifers, $3.25 8.00 ; ca i ves, t . tg l u.ou. Sheep Receipts, 1Z.OOO; marKet, wean. Sheep. $6 6.80 ; yearlings, $7 S; lambs, 40S.yO. SAN FRANCISCO PRODUCE MARKET Prices Current In Bay CHy on Fruits, Vege tables, Etc. SAN FRANCISCO. Jan. 26. Butter Fancy creamery, 30c; seconds, 2ffc. Kgtrs Fancy rncn. 2V-c; pullets, jhc. Cheese New, 10 14 c; Young Americas, 1214 (3 142 c; Oregon, ic. Vegetables Belt peppers, 9llc; do Chile, 4fti0:; string beans, 1015c; hot house cucumbers, $2.502.75; eggplant, 58c. . Onions Yellow. Wc Fruit Lemons, fancy, $2.25 2.50; choice, 1.75&2. standard. $1.59!. 75: bananas. Hawaiian, $1.251.75; pineapples, do. $1.60 3; California apples, rvewtown Pippins, 65c$l; Bellfleurs, 50D76C; Baldwins, o0(g 75c; Winesaps, B075c; do. Oregon, New town Pippins, $11.25; Winesaps, O0c$l.lC Baldwins, 95c (&'$1.75. Potatoes Burbanks, Salinas, $2 2.10: delta. $1.10 1.80: Oregon. $1.60: Oregon American Wonders, $1.65; Watsonville, $1.50 1.65: sweets, $l.2o&l.&o. Receipts Flour, 2645 quarters; barley, 11,345 centals.; potatoes, 44S5 sacks; hay, 122 tons. Coffee Futures. NEW YORK, Jan. 26. There was a fur ther decline in the market for coffee fu tures here today under scattered trade sell ing. or a little liquidation in the absence of any important demand. The decline of ft-$2d in the rate of Brallian exchange on London was followed by rather lower cost and freight- offers here during the day. and after oDen att at a decline ot 4 to- s points, the market closed at a net loss of S to 11 points Sales. 7000 bags. January, O.OSc; February. 6.12c; March. 6.22c: April, 6.30c; May, 6.40c; Juno, 6.N0c; July, 7.30c; Au gust, 7.38c; (September, 7.48c; October, 7.74c; November, 7.00c; December, T.bOc. Spot irregular; Rio. No. 7, 8c; Santos, No. 4, IOe. Kio and Santos markets un changed. Naval Stores. SAVANNAH. Ga.. Jan. 26. Turpentine firm. 42c; sales, 112 barrels; receipts, llu; shipments. HS3; stocks. 3o..lto. KoHin ami: no saies: receints. ud oar' rels : shipments. 2054 ; storks. 142, 8S6. Quote: A. B. C. TJ. K. S."..2fl: F. G. rt, 53.25; I, a.;t0-te3.B0; M, $4.25; N, 5.a0; WO, $5.70; WW. $.Ml. Dry Goods Market. NEW YORK, Jan. $6. Domestic cotton goods were firm. There was a slowly In creasing demand for export. Tarns were steady. Mens' wear prices were named, price advances oeing very ir regular, siik crepes were in good demand. Metal Market. NEW YORK. Jan. 26. Copper firm. Electrolytic, I4.50c : casting, 14.25' 14.50c liCaa qutet, if.oows.iuc. Spelter strong, 7.:t2i$i 7.57c. Hops at New York. NEW YORK. Jan. 26. Hops steady. Cotton Market. NEW YORK, Jan. 2. Spot cotton quiet. Middling uplands, S.50c. Sales, 2100 bales. Pried Fruit at New York. NEW YORK. Jan. 26. Evaporated ap ples, dull; prunes, firm ; peaches, steady. DtUuth linseed Market. Dru.'TH, Minn., Jan. 26. Linseed Cash. $1.92; May, St.Dn-V Genesee Has 10 Below Zero. GENES EK. Idaho, Jan. .26. (Special.) Sunday night was the coldest here this Winter, the thermometer regis tering about 10 below zero. A number of prominent busine-ssi men have left to pass the rest of the Winter in Cal ifornia. Among them are T. Driscoll, W. J. Herman ajid wife, Frd Follett and wile and John Kempf, 9 8714 10.27 10.47 p 1.46; No. 3 SHORT RIBS. Jan 0.80 9.87 9.80 May 10.22 10.30 30.20 July 10.47 lttfi'J 10.40 Cash orlces were: Wheat, No. 2 red, $1.4& hard. $1.45 (2)1.40 !4. Corn. No. 4 yellow, 7173c; No. 4 white, (iig'i.'ftc. Rye, No. 2. $1.23. Barley, 74 (ft Sac. Timothy, $&(&7.50. Clover, $12,500 15.00. Primary receipts Wheat. syy.OOO vs. 617. 000 bushels: corn. 1.699.000 vs. 1. 009.000 jDUsneis oats. Bi.uuu vs. eio.you ousiieis. Shipments Wheat, t9tf,00O vs. 58,000 bushels; corn, 1,084,000 vs. 052,000 bushels, oats, 556,000 vs. 457,000 bushels. Clearances Wheat, 648,000 bushels; corn, i2f,wv ousneis. Brad street's visible Wheat decrease, 8,750,000 bushels. European Grain Markets. LONDON. Jan. 20. Cargoes on passage. nrm. LIVERPOOL, Jan. 2tt. Corn opened lower: closed unchanged. Wheat not quoted. Minneapolis Wheat Market. MINNEAPOLIS. Jan. 26. Wheat May, $1.40; July. S1.8U1.3H asked. Cash- No. 1 hard, $1.44; No. 1 Northern, $l.:is? 1.44: No. a Northern, si.so-h 1.42. Barley 72 75c. Flax $1,91 , Other Eastern Wheat Markets. KANSAS CITY. Jan. 20. r Wheat May, $1.3Mfc bid; July, 1.24 1.25. WINNIPEG, Jan. 26. Wheat May, $1.44 1.44 bid; July, 1.45ft bid. . DULUTH, Jan. 26. Wheat May, $1.42 asked; July $1.40 asked. ST. LOUIS, Jan. 20.- bid; July, $1.37 bid. -Wheat May, $1.43 Puget Sound Grain Markets. SEATTLE. Wash.. Jan. 20. Wheat Bluestem, 1.45; Turkey red, $1.41; forty fold. $1.43; club, $1.42; fife, $1.38; red Rus sian, $1.35. Barley, $31.50 per ton. Yesterday's car receipts Wheat, 52; oats, ; barley, 1; corn, 1 : hay, 45; flour, 10. TACOMA, Wash., Jan. 26. Wheat Blue tem. $1.44 a 1.45 : fortyfoid, $1.44 ; club, $1.40; red fife. $1.38. lesteraay's car receipts wneat, s; corn, 1; oa'.s, 5; hay, 11. Weekly Bank Clearings. Bank clearings In the United States for the week ending January 21, as reported to Bradstreet's, aggregate $3,10u,it70,000, against $3,079,710,000 in the previous week and $3,535,784,000 in the same week last year. Following are tne returns lor the week, with percentage of change from the same week last year: Now York Chicago pntiaduipma Boston Ht. Louis Kansas City Pittsburg San Francisco . . Baltimore Minneapolis . Letroit incinnati Cloveland Los Angeles New Orleans . . . Omaha Milwaukee Atlanta .ouisville Seattle Buffalo Paul Portland. Or. . . Salt Lake City.. Spokaiie A . Oakland ... Sacramento San Lrtego LADD & TILTON BANK KtablUh4 ItH. Capital and Surplus S2.OOO.OO0 Commercial and Savinzs Deposits 100 times, . the bombardment early Sunday morning". Those initiated are: E. T. Baker, A. Tenwick. C. L. Scharter, Carl Anderson. E. R. Hopkins. Oscar Peterson, Fred Samm. Thomas ceasing Wright, Edwin Ving-erholtx, Clarence Godsey Norman B. Frazer, Amos R. Bogue. Frank A. Marsh, Nat A. Carr, Ross Sherfey. Harry A. Boyd, H. jslel gard, Alfred SI. Larsen, S. Foglesohn.. SALARY CHANGES URGED Baker Taxpayers Also Would Stop Paying Mothers Pensions. BAKER, Or., Jan. 26. (Special.) Many changes in salaries paid county officials are belrrg recommended to the Legislature by the Baker County Tax. payers' League, which has prepared a list of proposals. The league indorsed five proposed bills which were drawn up by County Judge Messlck. One measure asks the Legislature to cut the salary of the Sheriff from $2500 a year to J2100 a year. Another petitions the Legislature to Increase the County Treasurer's pay to 11200 a year. It is also recommended that the County of Baker be eliminated from the operations of the widow's pension act. was followed by speeches and a short programme. ' After an Inspection of the creamery, the stockholders' meet ing was called to oilier and the fol lowing directors elected: I. 1 Vanln Wiele. W. 1. Uoodinii. I. Harle, 1. K. Buyserle and J. N. McKay. During the two wo-ks the plant has been In operation, splendid prcigrees hsa been made and a ready market for tha product found with the rottlatxl dealers. Alleged Forcer In ArreMed. ROSEBl'HO, Or.. Jan. 2. (Special. Bert Henderson, accused of lorgerr at Lakeside. Cons County, was arretted near Klkton Sunday nlicht. lie ws brought to Roseburg and turned over to Deputy Sheriff Laird, of Coqulllit City, who left with his prisoner for Coos County tonight. TRA ELK KA' Ml IDE. Inc. Dec. Il,7J4.0Ofl,OO0 14.1 !1,4:i8,000 B.B 3r4,41.lM .... 12. T l.V.H2S,000 V.I !S5,lil7,OIIO 7.0 S1.B7B.000 3a. 4S.0S0.OIIO 10.9 51,14MMIO 1.5 33.Kl,0(iO S. 4 30,761,010 20. 2 .... tl,37I,iiu .... 17.7 2s.;'."s,u"0 .... 14.3 23,444.000 13.2 2l,,300,OllO lr.. 1'1,5.1S,1I00 12.4 IS.OM.OOO 1.5 .... 17.12S.OOO 2.5 .... 13.0.i2,000 .... 34.0 14,042.000 14.8 11,2X2.0110 a.u 1S.u4R.000 12.3 1,7!!U00 !) 10,SK3,OJ0 .... 7.0 5.081,000 15.1 3. r.04.000 17.2 3.403,000 1.5 .... i.ino.ono 3.T .... 2,249.000 .... T.O STUDENTS COME FROM FAR Nearly Half Attending McMinnville College From Outside Oregon. M'MINNVILLE. Or.. Jan. 26. (Spe cial.) McMinnville College has an un usually large number of students from outside of Oregon. Of its college and preparatory students 48 per cent came from outside states. President Leonard S. Riley said today. The enrollment this year reached the 200 mark. The geographical distribution for last year was: Oregon 169, Washing ton 48, Idaho 17, California 13. Mon tana 6, Minnesota 3, Canada 3, Philip pine Islands 3. and 2 each from Colo rado, Ohio and China, and 1 each from Nebraska, Wyoming, Utah, Iowa, Wis consin and Alaska. MIZPAH CHURCH STAYS OUT Membership Ueeldes Xot to Join Xcw Presbyterian Union. Mizpah Presbyterian Church, East Mneteenth and Division streets, will remain out of the plan to consolidate the Hawthorne Park and Third Presby erian Churches. A vote of the mem ership decided to mtantain the church's Independence and identity. Mizpah Presbyterian. Church is so far south that it was considered inexpedient to join the consolidation scheme. ICev. Harry Leeds is the pastor. For - the union of the other two hurches -the preliminaries are being worked out. The official boards of the hurches are conferring over the de tails. Both congregations voted for con solidation, provided satisfactory details can be worked out. ELKS INVADE MOSCOW Spokane Party, Headed by "Dutch Jake,' Begins Initiations. MOSCOW, Ida.. Jan. 26. (Special.) A special train of Elks from Spokane headed by "Dutch Jake," with his can non, arrived here Saturday night for the first of a series of Elk initiations. Dutch Jake," once owner of the famous Bunker Hill & Sullivan mine and now Interested in the Hotel Coeur Alene, brought his cannon from the roof garden of the Coeur d'Alene to help In the Initiation. Alter a parade the cannon was Bred GRANTS PASS HAS CHAMBER Articles of Incorporation Kiled by Commerce Body. GRANTS PASS, Or., Jan. 2. (Spe clal.) Grants Pass now has a Cham ber of Commirce, as well as a Com mercial Club, and women s auxiliary. B. C. Dunlap. H. L. Andrews and Judge George H. Durham have filed articles of incorporation and propose to lease the Oxford Hotel, arranged suitably for such an organisation, as to reception, assembly, billiard and card rooms. The 38 rooms on the up per floors will be used as bachelor quarters. CREAMERY HAS ELECTION St. Paul Stockholders Knlcrtaincd at Annual Meeting. ST. rAUL. Or., Jan. 26. (Special.) Two hundred stockholders and patrons of the St Paul Creamery were enter tained . at the annual stockholders' meeting Saturday, with a dairy dunch eon. The programme was opened at U A. M. by the orchestra, arter which Mayor Vande Wiele presented the keys of the city to President W. L. Gooding. Twelve business men attired in white caps end nprons nerved the lunch, which Dan Cupid hafaif . easy xasK-j Where lovers in the "t &"7 sunshine basK; i&&g$lS S YD N EY tyi'fr'' Th. dock. J th n.l.diJ 10,000 Ion A !- tttimm Sonoma, "SinV and "Ventura" (rat-! 100 Al Uofd) of th 5ydnr Short Lino -havo been tho tceno of many happy mootina-. Tho , comfort, convenience and the faat amf 1 19 4 my . to Sydney) have mode the Sydney Short Lino deservedly populaf. Round trip to Sydney, f 337.60 Honolulu. $1 10. Grand tour of South ' Seaa, Honolulu, Samoa, Australia and Tahiti $337.50. Around the world at reduced rates Write for illustrated foldera with colored maps of the Island of the Pacitac . OCEANIC S. S. CO. 673 Market Street Sn Francisco, C!. I Wl IM,S Honolulu j-u 1. 1. Mar. 2, etc." Sydney Ki-h. Hi, Miir. Id, Mr. The ' Canadian Bank of Commerce head orncE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Commercial Letters of Credit lulled. E-ichanrre tn Loadon, RnKlaacU Uougat aaa bald. PORTLAND BRANCH. Corner Second and Stark Sts. F. C. M ALP AS, Manager. San Francisco LOS ANOiXES AKU BAN KLfcGO S. S. ROANOKE Halla M tdnradajr. Jan. XT, at I. M. NOKTH PACIFIC HTK A.VKIUP to. Ticket Offlc , Ktvlcbi Offtea . UXA M M. fl t orlhru. HI. Mala Ui, a in uiu a hu B. b. JJKAK HAIIJ) t P. M., JAN. (I. SAN FRANCISCO LOS ANGELES -The San fmitrlN m Portland B. B. C Iblrd and luhta(toa htn. l(li O.-W. H. N. Co.). i.l. Mun-aaU W, A tll.'l. STEAMSHIP Ball. IHpwI Far SAN FRANCISCO l ow ancj:lcs a no ban iir.).o. Friday, Jan. 29, 3:00 P. M. BAN FKAN ITO. PfRTI.ANO LOS ANl.KLHI XTr-.A.MNlllP CO fKA.Nkv. UULL.VU. Aamt. lit Third at. A 4JH-I. Mala t. COOS BAY LINE BTKAMWII1P BKEAKWATkK )m from AiiKworth daca, Portlaad, P. M. every Tuusiiay KrclKUt .nd ticket OITloa, lowr Aioeworth (look. I'. ACM 8. ft. l.iaa, I.. M. KeallnK. Afrnt Phone. M.ln SHOO. A at.'H City Tlikrl Office, to Hl(h HL, U W. btinter. Aff-it. Pbonr, la.riliell eouu. A dljl Ft.emur "II AKVh.fr Mlt.ltN .ve Ah-itr..t 1'ock U.ily c.pt Returd.y. k 1. lr A. torla and wv points. lt.turnlie, I. .v. , AeMria dally tic.il bun. day. T A. at. ktid innervation at O.-V. Tr. N. City Takt Otllre, Third anil A emineMon tre.te. ur at Aeh-elr.-t Deck Ph.aee; Mnrehall 4row. a qui- Tltkete MIJIIT HO AT foil TUB HII.IFI Str. State of Washington leaven Taylor-Kt. tjo' k Moti., Wpd., ItI dav. at U P. M. 'or Tha lll, I.ylev Hood lllver. Whlta tjalmon. Underwood, i .r.on NierrnFon, KeiuinlnK. laavee Tha lalla Sunday. d.. 1'i-i.. t A. M. Tel. Main 11. tm 1, inuludinc Darin on ultiht trip. American - Hawaiian Steamship Co. "The Panama C'aaal Line." KXI'lltSS IREIRHT BKItVICK Betaera P.rtlesad. Wrier lark, Reilelk I'hlladrliibla aad Cb irleetoa. For Information to Kalrn. riulllnga, Ktc. Call un or AdJiaan '. U. KULU1, A seat. S70 Stark street. I';rtlad. ou