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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 21, 1915)
THE aiORXINfc OREGOXIAN, THTJRSD AT, OCTOBER 21, 1913. WHEAT TURNS WEAK A .arve part ot the trading recently been between dealers. Most of the business to data has been for account of short sales. WAR GROUP HIGHER Lower Prices Offered Through out Northwest. DEALERS NOT KEEN TO BUY FIRST CORX1CHOX GRAPES RECEIVED Fruit Is of Good Quality and Sells Well at $1.33 Concords Higher. Cornichon grapes made their appearance in the market yesterday and sold at $1.35 a crate. Local Concords were scarce and higher at 17Vs20 cents a basket. Other grape prices were unchanged. There was a fair demand for apples with Jonathans most In favor. Tbe majority of sales were of $1 to l.SO-frulU Local cauliflower was in larger supply and most of it of good quality. Tomato receipts are declining and the market holds steady at 4 cents for tbe best. Eastern Markets Are Depressed by Action of I'rencu Government in Imposing High Tariff on Imported Wheat. The wheat market, which has been strong ef late, took a turn the other way yester day. Bids were reduced all along the line and buyers were Indifferent about taking- on fresh supplies and at the same time looked tor more sailing pressure from growers. The Eastern cash markets declined 1 to 2 cents and options at Chicago went off about aa much. The action of the Frenca government In putting an Import duty on wheat was a deprerslng factor everywhere. There was one sale at the Merchants' Ex change. 500 bushels of November blnestem at 91 cents, a drop of X cent from Tuesday's price. Forty-fold bids were lowered 1 to 1 Vs cents and club offers were half a cent lower than th. day before. The coarse grains were quiet, but generally steady. The patent flour market Is irregular. Sev eral of the mills have raised their list price -0 cents to $5, but others are holding at the eld quotation of $4. SO. Canadian visible grain statistics follow: Wheat. 15,200.000 bushels; year ago, 24, E8?,000 bushels: oats, 14,364.000 bushels: year ago. 4.285.000 bushels; barley, 032,000 bushels; year a?o, 708,000 bushels. A Chicago grain man. In a statement just issued, givei the following reasons why he believes May wheat will sell as high, or higher, than last year, when the top was 11. 60. First From our own statistical Informa tion believe milling crop of wheat not over 7S0.000.000 bushels, probably less. Second Export surplus of 123,000.000 bushels will be used up by January 1. Third Winter wheat acreage according to eur figures, will be 20 per cent less thaa last year. Fourth Visible supply 18.000,000 bushels versus average of 40,000,000 bushels. Fifth Small milling stocks. Sixth Flour stock half usual amount. Seventh European crop turning out poorly. Eighth Supplies of all countries will be needed next Spring to take care of Europe, Ninth According to our estimates .there was not over S6.000.000 acres planted to wha; In tho past year, though Government save 40,000.000. On basis of SO-ycar aver age Increase wa havu not averaged over 2.O0O.000 increase In all, counting the aver age for all grain and at the rate tna department of Agriculture makes Increase In the last six years, they will show an average annual increase of 6.000.000 acres, which is beyond the ability of this country to cultivate. Terminal receipts. In cars, were reported by tha Merchants' Exchange as follows: "Wheat .Barley Flour oats Hay rortland. Wed. ll.i 17 JO tear ago.... 4 I Feafton to date. 5.1 KO 701 P2:i . Year ago T0."S tiltf SS8 Tacoma. Tues.. 4,- Year ago r.H Season to date.34KO 170 .... Year ago o.'ill -l." .... Keattle. Tucs.. P:S 1'. 5 Year ago 4.', 1 Season to dste.Sfin-j 2:; sol Vnr ago S.VJS .111 7 7 40 KIT 111 4 ! 60o 13 4 720 701. 21 U 843 IBli. 16 2t 3 021 l'ilu Sugar Advances Agala Today. There will be another advance In local sugar quotations today, this time of lO cents a hundred. The Eastern market was strong and 5 cents higher yesterday. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland 2.284,uu7 14.3;2 beattl 2, 361. 05. 275,820 Tacoma 31U.!i;ia 32.SJ1 Spokane 745.340 120.06U I-ORTL.1M) MARKET QUOTATIONS Grain, Hour, led. Etc. Merchants' Exchange, noon session. uctooer delivery: "Wheat- Bluestem 1 Fortyfold Club Red fife Red Russian Oats No. X white feed . . . . : Barley No. 1 feed Brewing Bran ....... ......... Shorts Futures November bluestem .... December bluestem November fortyfold ..... December fortyfold ...... November c-luu December club November fife Decern ber fife ......... November Russian ...... December Russian ...... November oats December cats November barley, feed . December barley, feed . . November barley, brewing December barley, brewing November bran December bran November shorts ...... December shorts FLOUR Patents, 14.80 per straights, f4.80ig4.60; exports, 14.10; whole wneat, ; granam, t.cu. MILLFEBD Spot prices: Bran, $24 per ton: shorts, 125; rolled barley, 12930. CORN Whole. $37.50 per ton; cracked, $38.50 per ton. HAY Eastern Oregon timothy. 1516; Valley timothy. 112ijj!13; . alfalfa. !12.50ii 13.50; cheat, t'J&lO; oats and vetch, 11S 12. Bid. ,&8 .07 .05 .92 .1)2 20.75 27.50 21.UO 21. 50 .lS .OS .07 .117 .!5 .05 .112 .02 25.00 25.25 LM.75 2H.SO 27..W 27.50 21.00 2I.OO 21. 0O 21.00 Ask. 1 .lu .au ..id .03 .oils 25.50 27.75 28.50 22.50 23.00 .00 1.00 .113 1.0 .00 .07 .93 ti .04 .04 .94 Soioo 27.50 2S.00 28.50 28.50 22. 50 23. 0O 23.00 23.00 barrel ; Advance in Stock Prices Is More Orderly. COPPERS ALSO IN DEMAND EASTERS OMOS AND POTATOES SHORT Crops Cut Doirn in Frodurtne; States Kn.t of Mississippi River. t Smaller onion nod potato yields In the T,nxt are Indicated y the Government's monthly crop report. In the case of onions his will be of benefit to grower In Oregon by providing a larger market. The official report Bays: J "The onion crop, which promised cen-' tonal yields and production earlier, has diHappointed e:pectations. owing; principally: to losses from flooding- of the fields, which drowned out a large part of the crop in Ohio and Indiana, and to rot occasioned by the excessive moisture. Tho yield for the Vnited States is estimated at 175.2 bushels per arte, against J.Ott.6 bushels last year, and the productiou at 81.7 per cent of a full crop, compared with 81.4 per cent last ror and 77.6 in 101:.. "Potatoes continued Uurinpr Srptcmber the serious decline begun in August, damage belns generally reported from all of the nore Important producing states. Frost west f tho Mississippi and blight east of the river covered the important potato states ulthin a fow days during the latter part f August, and have been followed through out September by serious rotting, both In tlie ground and of the harvested crop. Pota toes , for home use are being shipped into heavy potato-producing territory in Eastern and Southern Michigan, The late crop suf fered most. In states where an early crup la produced it was generally good. The Colorado crop is reported as being the best Jn years, though some Western states re pert deterioration. The yield forecast Octo ber i, 38.l5l,noo bushels, is still slightly above the five-year averag.e though 6 4.000. - punnets less man me ravorable promise on August 1. and RS.OOO.OOO bushels less than last year. The crop may be further reduced through Joss in storage, as th keeplne quiility of the bulk of the crop threatens to b- poor. ORFCON WOOL SALES AT BOSTON Fine tirade Taken on Banin of 61 to 65 About a.OOO.OOo pounds of wool changed bands in the Boston market in the past we'k, and prices were declared to be firm. Among tho transfers was a quantity of Ore sro a fine wool sold on the basis of 04 to 65 cents. About 45.0OO pounds of "Wyo ming fine and fine medium cost in the neighborhood of 05 cents. Other sales were 1OO.0OO pounds of Montana fine at 24 cents. HHt.uOO pounds of Soda Springs clothing at 24 cents, costing about 6: to 67 cents I clean, 150.000 pounds Soda Springs quarter- blood at aifi cents, about 300,000 pounds of various grades at private terms. J50.000 pounns ew Mexico fine at 25 to 26 cents, or bo to 6T cents clean: 200,000 pounds rnioraao line medium at 26 to 27 cent 62 to 63 cents clean; 50,000 pounds Sod .4 .primes quarter-blood at cents, 73,000 pounds Montana three-eighths blood at o3 rents, 100.000 pounds Wyoming three-eighths Mood at 2tt to 30 cents, 100.0OO pounds Wyoming low pair-blood at 27 cents. Rood -sized lot of Wyoming quarter-blood at 32 cents. Low sorts or scoured wools have bean conspicuously active. The grades of scoured below 53 cents In price have been most In demand, mills having foreign overcoating contracts to complete being particularly In tereated. Choice scoured territory wools are quoted at 65 to 66 cents for white fine and 62 to 63 cents for fine medium. Fruits and Vegetables. TROPICAL FRUITS Oranges. Valencia, 95.50 & 3.75 per box ; lemons, $2.25(5 4.50 per box; bananas, 6c per pound; pineapples. 4VS &' tic per pound. VEGETABLES Artichokes.. 7500c per dozen tomatoea, 8040o per box; cabbage, 1 o per pound : garlic, 15o per pound ; pep pers, 4 5c per pound ; eggplant, 4 3 So per pound ; sprcuts, S1i 10c per pound; horse radish, 10c per pound ; cauliflower, i0cf5 $1 .25 ; Lima beans. S c; celery, 60 & 7uo per dozen. GREEN PRTJITS Peaches, 4045o per box; watermelons, llo per pound; ap ples, 75cSl.75 per box; pears, $lj21.23 per box; grapes, S5cJl.35 per crate; casa baa, mc per pound; cranberries. SD.SO'tflO per barrel. POTATOES Qrcsron, 83(ff90c; Yakima, 1 per sack: sweets, $1.102 per hundred. ONIONS -Oregon. $1.35 per sack. Dairy and Country Produce. Local Jobbing quotations: VGGS Oregon ranch, buying prices: N'o, 1, 36c; No, 2, 27c; 'o, S. 20o per dozen. Jobbing prices; No 1, 8840c. POULTRY Hens. LltylSc; Springs, 13 H 1 4c ; turkeys, 1 7 1 8c ; ducks, white, li 15c: e:ored, 10(3'lc; geese. Sr&'lOc. BUTTER City creamery cubes, extras, selling at 31 He; firsts. 0c; prints and car tons, extra. Prices paid to producers: Coun try creamery. 222Wc, according to quality; butterfat, premium quality. 33c; No. 1 aver age quality. 31c; No. 2, 20c. CHEESE Oregon triplets. Jobbers buying price, 14o per pound f. o. b. dock Portland; 3foung Americas, 1 5 Vic per pound. VEAL Fancy, 10-tflOVfce Per pound. rORK Block. SftSSc per pound. briskHeT hogs Steel Most Active Share In Entire List on Favorablo Trado Ad vicesBond Market Is Firm With Broad Trading. NEW YORK, Oct. 20. Aside from it more orderly aavance in specialties today's market presented no pronounced features of new Interest. war shares dominated tbe session, with some latent strength in a few of the representative- rails. Bethlehem bteel made the new high record of 529, wn advance of 29 over lis previous maximum. Other stocks that re it lstened new high quotations included Stude- ouKer, up ?, to 176, and American Woolen, 2 to 57. There were gains of 1 to 3 points in such specialties as American Locomotive, Baldwin Locomotive, American Car & Foundry. Lackawanna Steel, United States Industrial Alcohol, Distillers Se curities and the fertilizers. Metal shares, especially Inspiration Cop per, were In demand with a revival of rumors of consolidation of Inspiration with Anaconda. Foreign refined copper also proved a factor in that quarter of the list. Among the backward specialties were Westing house. General Electric Air Brake and a few others which recently claimed a large measure of speculative attention, con solidated Gas made a further decline with the approach of tbe time for action on the dividend. United States Steel was again the most active of th former favorites, in fact of the entire list, attaining its best price in the early afternoon, when liberal buying m large individual lots was resumed. Its rise coincided with trade advices which ported additional price advances for finished materials and an increased inquiry for pig iron and raw products. Steel fell back in the final trading, however, the balance of the list, especially railways, denoting moderate pressure. The closing was irregular and dun. Total salea amounted to 920.000 snares. Estimates of November interest and div idend disbursements show an Increase of over S13.OuO.000 compared with the eorre spondlng period of last year, and account in large measure lor the prevailing mone tary ease. New foreign credits. Including one for Russia, were under discussion la banking circles. Bonds were firm on diversified dealings. Total sales, par value, aggregated $4,410,000. Government bonde were unchanged on call. -CLOSING STOCK QUOTATIONS. Closing bales. 1,700 21.SO0 6.100 7,800 30.700 14,000 200 1,500 1,300 3O0 21.10O Alaska Gold. ... AlUs-Chalmers. Am Beet Sugar. American Can.. American Loco. Am Hm & Refg. do pfd Am Sua Rcfg... Am Tel & Tel.. American Tob.. Anaconda Cop. M1D-A KEK OFFtaiMXtiS ARE LARGER KCALE. Msrkft la Holding: steady With 97.10 for Best Quality and Bulk, of at 97. There was a fairly active market at the Stockyards yesterday, with utiles uf eight or JO loads of hogs and two loads of sheep, besides numerous small lota of cattle. Tho market ruled steady throughout. The top quotation of f 7.10 was maintained on hogs, with one load bringing that price, but the bulk of sales wer at $7. The cattle offered were largely uf medium grade and sold accordingly. .Sheep also moved within the current runge of quotations. Receipts were 35 cattte, 2 calves, 1109 hogs and 1129 sheep. Shippers were; With cattle A- Vubuhockler, West Sal mon, 1 car. With hogs. 1 car each C- H. Farmer, Mc Coy ; Parker A Kopland, Plain view ; B. Decker, Silverton; same. Woodburn; J U. Uinsmore, West Stayton ; same. West Scio; P. H, Staginan, Centervliie; Mat Mattson, CeaterviUe; Robert AlcCrow, Goldendale: F. K Basa, Whitcomb; T. R. Howard, Allstop, 4 nead, driven in; J. c. uegdon, Vancouver. 11 head driven in; V. Mori, Ores ham. 11 head driven in; T. . Calkin, Carleton, 4o neaa uy Doai. With sheup Al Nichols, Bend. 1 car I. M. yarrow, Washougal, 4 cars. W ah mixed loads J. S. Flint, Junction City. 1 car cattle, calves and hogs. 1 he day s sates were as follows: (MOKE HOPS ARE IN DEMAND Wgt. Pr.l 3 033 5.."i) P70 4 steers. 1 steer. . 1 fleer. . 1 steer. . il Eteers. I steer. . U steers. COWS. , II to s. . 1 cow ... - heifers 3 heifers 1 bull 7 hogs.. . 1 hog 7.x r.ogs... t7 hogs.., 8tJ hob'i. . b7 hogs.. . 1 hog 1 hog i hogs 4 hog. 4 hoKS. . . 5 hogs. . . ltj hojis. . . U hogs. . . V strers. 1 steer. . 4 com s. . 1 cow. . . 1 cow ... I cow . . . 4 cows . . Current prices at Wj nr. r.o li:;o 1 1 r. in 7 .S70 J50 o!M 2& r0 114 147 l'lt." ins 1M 17T, 17S 1SS 1i2 U 7.i i :i L".7 114 3." I 1 "-' -t r.4.i isj 1M0 . " Pr. 4 High. 44 66 JUS U inn J 11! 124i 7'4 10H in. 87 18 3rt7ri r.7s i;;o 1014 no J)4 V Iow. m 03 H 70 i OS !4 nn 12 -r.',4 lio "A 113 SOI S7 bid. 44 71 10Si 3 M T4 1S !.-.S 3 7i 7i I Hi! 1 . si 'j I I Vi 71 71'4 7 BO 344 lRIi 4'i 7 91 ?i 4l'i" " ?.4 1-H l7St 'ii'i 441, J 10 7li 7uT' 'lioi,i SSH "iTi 18 7Vi 15 !4 2 114 1 1 1 i r.7i "ft -Z r.4?. l7i 1r. J. 'Ml Kl i R.-1 lir.'I hoi; 7-1 H PS 86'. lS'i It 5f. I, 1- 7 3 I 178 111 4Si JOB 4.'.'i ;? 72 H 34 3-js R7 1." ino 11-,' 1114 sot, 7 'm i 7'i M-i PS 17 ; IBS J.l.-i si ti 8.-4 11. "."i P'i 7P!i 71 4 Alrhison l.ann Baldwin Loco.. S:.0 Bait & Ohio.... a.fioo Beth titeel 2.2O0 Br Rap Tranxlt. 4oO Pal Petroleum.. .ro Canadian Pac... 3,fo Central Leather. 8.700 Ones : Ohio... ClOO Chi Grt WBt.. 71.-J0O Chi Mil & Mt P. 2.P.0O Chi & N W l.ooo c R I & p ny.. lo.r.oo Chino Copper... ",Pno coio Sc. Jron.. n.ioo Crucihl. Steel.. 17,400 U KU PIrt . . Dint Securities.. ;!poo 4J'i Jb.ria .......... o.enn 'j. c.cn Electric. . .. 2. .".no 57ni Cirt Xorlh Ptrt.. T...OO l.'V. Or Nor Ore ctfs. 7.oo 4i' Ousaenh'lm Ex. J.soo os Tllinois Central 3nt Con, Corp.. rl.ioo ln5plratlon Cp. Sa.soo . 4B'i Int Harv. N .1 . . noo lio'i K C Southern.. 7on 8 hiKli Vallev.. 700 7.'i Louis Jk Nash.. Mex Petr jleum. .no ni ?4 Miami Copper. . 2.500 r.4 M K & T pfd Mo pacific 3.70O r.'.i Nat'l Biscuit... 2oo I'.'S Nafl Lead 2.B0O K! Nevada Copper, 40O l., X Y Centrjl 1.7"0 aooi; N- Y, X if & H. n.7on 82, Xor S-. Wist.,.. 2.000 nni Nor Pacific... J. 100 lliH Pacific Ma'l... Pac Tel & Tel.. B00 4R PennsylvTnla .. 2.400 r,8 Pnil Pal Car Ray Cons Cop.. r..40o Reading 7.rt00 R.p Ir & Steel. 10,700 Houthern Pac. .. Southern Ry.... B.200 Pludebaicer Co.. S7.000 Tnnesj? Pop. , 7.800 rexa company l.ioo Union Pacific 10.::oo do pf.l 4') U S St-;1 122,r.no do pfd r.oo T'lrih Copper.... 7.8A western union.. 2.p'm West Electric... 5S.OOO Montana Power. 2.200 Gener-il Motors. 200 Total rales for the day. 020.000 shares. BONDS. U R Ref 2s res;. P7 iNor Pac 4s P1 do coupon ... P7 Nor Pac Zm .... H4 C H Ss reir 100i Pac Tel & Tel , 871 do coupon . . -10i , Penn con 4s....l0r U S 4s reir ....10 sn pac Ref 4s ,. SK do coupon . . .looir'nion Pao 4s ... Am Smel Rs....lo ll'nlon Pac Cr 4s P2J4 Atch Oen 4s 83'ilU S Steel 3s 303H I R O Ref 5s JSSBlSo rao Cv 6a... 101 V X Y C Gen 3tjs.l08 I Minins; Stocks at Boaton. Oct. 20. Clo'iny quotations: 8r, 2 cows. . . 3 cow. . . . JO10 4. .'ill, 4 cows... 1110 4.50 5rnixe4.. 1007 .Y2.- 1 bull P1D 4..-u 2ralver.. P!5 0.2.11 3 heifers. t4.-. 4.7.'.l 3 helfr.. U4o 4.7S! 1 hcifur.. 3 17o 3.0O, :i hogs.. . s 4.7.-.: :t host... 1O05 ,V.'5 4hous... i:no o.r0j r. hosji... ma 7.io! 3 hoes.. . v 170 7 10 hoti... 2o 7.1U hojrs . . 1!'S 7.U"I S7 hoss.. . 3H.1 7.o flhcEs... ITS 7.0o .li; hoes. . . :;r.i) .7.V 2 hous. .. 2IMI .to , hoes. .. 4US . 101 ShoL-s... ;:.- lino 1 ho;,-.... ;:si cool 4, hoss... 144 6.O0, 2 hots .. 141 .0o 13 hogs... w, o.tio io hoss. . . 170 4..0, 6 hops.. . .SSo 4.2. 14 t.CKS. . . IHitl 4.oo Ji hogs . . 110 4.0t r. hogrs. . . 1320 ::.ji'! 26 hogs. .. JioO 3.0H' 4 ho km. . . 8 io 4.00' 77 wethers p?r. r..75:iri ewes.. . pi the local Btockvant. nf tne ta-nuus cmsses oi uvesiocK lira as zoi lows: Cattle Choice steers .. Is.50 7.00 Medium steers 5.2a6.7i Choice cows S.QUO&.DO Oood cows 4.50&4.7S Medium cows H.7o'a4.25 4.0U 3 " 2 4..-0 4.i 4.00 6.0.1 o.o.- 7.o; 6.05 7-0." 6.00 6.00 7.00 7.0.1 rt.O J 7.00 6.0.1 6.05 0.5.-. 7.00 6.011 ti.01 7.00 6.00 6..-.0 .oo r,.o T.oo 7.10 6 oo 4.C0 Offers of It and HVi Cents Are Mad. for Hot Lots. Offers uf 11 and 11H cent, for choice licps wf reported from various parts of the state yesterday. Tbera was a rumor in the market that 11 H cents was th. price paid for the 30O bales of the Mc l.ou.hlln hops at Independence, boucht a few day. ago. About 2 .Ml bales were pur ch.scd yesterday IB the Woodburn Motion by Salem dealers at 10 cents. In Western Washington 11 cent, was be tas offered freely. Herrens export pur chase, at this prlc. amounted to about CM bales. Bulls Stags ... Ho?s Light Heavy t?beep Wetnera ... Ewe. ...... Lambs .... S.00 'gr4.50 4. 50 4. 23 6.737.10 5. 75 & 6.10 4.7K.-TC.J5 (-M8S.S0 6.60 7. Ji Omaha Livestock Market. OMAHA. Oct. 20. Hogs Bereipts. 4706 head; market lower. Heavy. S7.70fre: light, S7.Sitrb.lo; pigs, $7S; bulk of sales. $7.7d ,.o. Cattle Receipts. 7500 head;, market steady. Native steers. $i.75$ry.75; cows and h eif era, 5 50tr7: Western steers, $ q 8-50; Texas steers. f3.S0t7.20; stocker. and feed, crs. fi. 6008.14. Hheeo .Receipts. 2L000 head. Yearlings, S5.75&1.76; wethers. a3.506.50; lambs. e.oots B. O. Dalnth Linseed Market. Dl'ttTH. Oct. ;o. Linseed, cash $l.$Ji T30STOX. Allouez f4 (North Butt Am X I. Sc. S . . ei'iiOH Dominion Ariz Com 7 Osceola ..... t al & Arie .... 6.1 Vv iCJulncv 83 Cal & Hecla .540 IShannon 7i Centennial 3 7 "ft Superior 20 Hi E Butte Cop Mn ICU'Sup A Bos Min. 2"i Franklin i ITamarack E2!i Granhy Con .... St u s s R tt Mln. 4:i Isle Roy (Cop). 28 I do pfd 47 H Kerr J,ake SHIrtah Con lSi. Lake. Copper ... I'l I Winona . . . . . . . S Mohawk 78'4 'Wolverine 57 Xiptselng Mines 6! Butte gc Sup ... 00 Money. xcliange. Etc. NFW YORK. Oct. 20. Mercantile paper. li per cent. Sterling. 60-day bills S4.660: demand. . t AC. . , T . i r r f. Bar silver.' 49 c. Mexican dollars, 8Se. Oovernmant bonds steady; railroad ' bonds firm. - Tim. loans easier; 80 days and so days. -- per .---ni . hi montns. a per cent. Call money steady. Hllfh. 2 ner cent: low 1i per centt ruling rate. 1 per cent: last loan. 2 per cent; closing bid, 1 per ccm, uimrcu hi per cent. BAN FRANCISCO. Oct. 20. Plerlin. R0 nays. t.ui,; aemand, ..4.6SH; cable, Mexican dollars. 41c. 1 Drafts, sight Hie, telegraph 4c. IJNDOX, Oct. 30. Discount rates ihnri Dins ana tnree montns, 4 i per cent. oar silver, ... fc a per ounce. Money, 3 per cent. Coffee Futures. XEW YORK. Oct. 20. The market for coffee futures was mor. activ. today, with prices firmer on reports that a more active business In the cost and freight market lat. yesterday had been followed hy smaller offerings from Braxll today. Th. market opened at a net advance of 9 to 3 points on a renewed demand, which seemed to com. partly from Wall street ep cotton ex change sources, and March sold up to 6.62c and July to 6.80c In th. late trading. The viose was . to s points net nigner. Fales, octooer. a.ooc: November. 6.50c; December. 0.5:ic; January, G.35c; February, aiarcn, o.oic; Apni, a.bc; May. 6.70c June. 6.75c: July, 6.80c; August. 6.60c; Hep tember, H.poe. Spot, steady; Rio 7s. 7e: Pantos 4. Sue Cost and freight markes firm, srltb. quo tations' ranging from about S.7.fo to O.OOe foe Pantos 4s. while f.wf if any, offer, of Rio exchange on London was l-32d higher. with milreis prices unchanged at Santos ana ,o reis nigner at Rio. Metal Markets. XEW YORK. Oct, 20. Copper steady. ci.cinii.uc. lac Iron steady and unch.nged. Mtal exchange quotes tin quiet, 39.239 S0-..UC4 The metal exchange quote lead 4 Sie. Spelter not quoted. $500,000,000 Anglo-French Five-Year 5 External Loan . v.. The joint and several obliga- . tion of the governments of the United Kingrdom of Great Britain and Ireland, and the v French Republic dated October 15, 1915, due October 15, 1920, interest paya"ble 'April 15 and October 15, both principal and interest payable in New York City, in United States gold coin without deduction for any presfent or future British or French taxes. Coupon bonds in denominations of $100, $500 and $1000, which Nmay be registered as to principal. Registered bonds in denominations of $1000, $i0,000 and $50,000 and authorized multiples. Coupon and registered bonds interchangeable. Convertible at the option of the holder, on any date not later than April 15, i920, or (provided that notice be given not later than April 15, 1920). At maturity, par for par, into l525-year joint and several 4y2 per cent bonds of the governments of the United Kingdom, of Great Britain and Ireland and the French Republic, such 4y2 per cent bonds will be pay able, principal and interest, in United States gold coin, in New York City, free from deduction for any present or future British or French taxes, will mature October 15, 1940, but will be redeemable, at par and accrued interest, in whole or in part, on any interest date not earlier than October 15, 1930, upon three months' notice. A large amount of these bonds having already been withdrawn for investment, we, wh'ose names appear below, offer, on behalf of a country-wide group of institutions and bankers, the unsold balance, subject to prior sale and change in price. PRICE 98, AND. INTEREST YIELDING NEARLY 5ty PER CENT - Payment may be made either in full on October 29th, or, at the option of the pur chaser, 50 per cent on October 29th and the balance on December 3d. Application will be made to list these bonds on the New York Stock Exchange; temporary bonds will be ready for delivery on or-about October 29th, exchangeable for the definitive bonds when prepared. . J. P. MORGAN AND COMPANY, New York. HALL AND LEWIS, Portland. BURDEN Oil WHEAT French Duty on Imports May Cause Slack Demand. BREAK IN CHICAGO PRICE Larger Kbtimute of Canadian JSaporJ Surplus Is Also Depressing Fac torHeavy Ileceipts Ex pected at 'Winnipeg:. CHICAGO, Oct. SO. Government orders for heavy Import duties In Franc, put new burden todav on wheat prices here. Largely In consequence the market, which wa. unsettled at tha close, showed a decline of lVo to 1S61C net, with December at 1.MK1.04 and May at f LOSH 1.05 V- xne ouieome in corn was me same as yes terday t. HQ fee lower, oats were off H to '4 1 j c and provisions down ITVic to 6.c. Official announcement that Franc, had put Into effect a stiff duty on wheat was generally construed her. to imply, for al least the time beins;, a decided slackening eemand en this side of the Atlantic Estimates were current - today that the Canadian export eurplos of wheat mlsht reach the immense total of - a.WOOO.OOO bushels. Another forecast was that 2700 carloads would arrive at Winnipeg tomor row, as against only leT ears on the cor-J rcspnnains; usy a year afco. Corn rave way. owing- to the Tine weath er and tha weakness ot wheat. A sharp buliro In price- at Liverpool had only Slight tempoVary effect on values here. n the oat. crowd Ifte chief raolor was the bearish action of other g-ralp. Com mission-houses hou.ht only on th. decline. fsharp breaks In the hoa- m.rk.t tumbled down provisions. What little support thor. was came almost entirely from shorts. Leading futures Tan-red as follow.: WHEAT. Onen. Hirh. - fl.OS'l ll.OSfi 1.0 TVs 1.07H CORN, ...... .5S .5R i. : .60 H .014, OATS. ST, Z'A .0 MESS PORK. - 1.0 14-7 13.75 .,...,18.36 IBM ' U.1S LARD. "Dec. May Tec. May Dec. May Dec. Jan. Low. 1.04H 1.05 .K7i 5 .38- .38', Close. 1.04i 10K , .6Js .3s 5, as :j Nov. Jan. K.15 .0O S.13 S.07 SHORT RIBS. g.75 S.9S 8 2 S.S5 Dee. Jan. 8.: IS S.S2 remher, D'oi May, fl.OO1. asked; Octooer, l.OO'.S. KANSAS riTT. Out. 2. Wheat closed: December, $1.00 43-Sa: May, I 01 &-:.. FT. LOUIS. Oct. 20. Wheat closed: De cember. J1.06; May, 1.0!. OMAHA. Oct. -0. Cash whest. Sc. lower. Corn and o.ts, &c lower. KANSAS CITT. Oct. 3v. Cash wheat, lc to Uo lower. Corn and ua,t. unehansed. ST. LOUIS. -Oct. 20. Corn, unehanired to ?c higher. Oats. unchsnffO'l to Ho lower. Minneapolis Grain. Market. MINNKAPOLIH. Oct. 20. Wheal. Decern,. ber. May. xl.Ol ( ; No. 1 hard, 1.04V No. 1 Northern, i t.O0-! W 1.03 H. . Barley, 4 s 5,c. 'lax, 1.S4 (j-p.l0'i. Grain mt Hss Krancii-rf-o. SAN FRANCISCO. Oct. SO. Walla. (4.704 1.T2W per cental; red Russian. II. Ih'4p 1.07 H per cental; Turkey red, 1.72HI.7J per cental: bluestem. t.751.77V per cental. tt&rley. feed, $1.713 fg l.so per cental. Oats, while. tl.nltSl.K7 ! pee cental. Bran, J23.006S6.00 per ton. Middlings. S80.OOesSl.00 per ton. Whorls, f-5,5o 020.00 per ton. . Call board Bariey, December. tl.S2k per rental lid, (1.33 asked; May, 1.4u per cen tal bid, fl.liVt asked. Pujcet Sound tiralji Markets TACOMA. Oct. ao.Wheat Bluestem. 9Uc: Xortyfold, Ofto; club, P5o; fife, 02o. tar receipts wneat. 4; nay, si. SCATTLB. Wash.. Oct. 20. Wheat Blu.- stent, W7;. turkey red. 06c; fortyfold, 90cl ciuo, dc; rite, tuc; -red ttussian. tc. Parley, 920.&O per ton. Yesterday's car receipts Wheat. 93; oat 17: barley, )6; corn. 2; hay, 16; flour, S. SA V FBAJ.TISCO PltOPCCB MARKJEI rrire. Current oo Butter, Ecks, Fruits, Veg etables, Etc.. at Bay City. SAN FRANCISCO. Oct. 20. Butter- Fresh, extra., 27c; primo firsts, -4 'jo; fresh rirets, -,4c. . . F.gs Fresh extras. 4S4c: pullet. 3 9c. Ch.esa .New. trlfc; California ched- uars. jtj",,c: louns; Americas, lac Vegetables Summer souash. 40063c .trine beans. 192c; wax bean., ltrc; I'm. 0Vdo; reen corn, oucvoti tomatoes. ISorcL bsll peppers. tOfr&Oo: cu cumbers, 4Q S uc; esfrplant, 4030c; cream squssn, auisooe. Fruit Lemons, 3S.l5; oranses, 49 4.75; Erapsfruit. 12 to a. 50: nlneannles. Ha. wailan, $1 per 100: bananas, Hawaiian. 73. &$1; apples, Bellefleurs. bOlg-lHJCi deciduous rruits: urapes. Tokay, aoauuc: part (IS 1.5; peaulles. 40SOc. PotatoesDelta, S.lctpfl.00; Salinas, (1.S0 sjij.eu: sweets, on tna street. Kt.tt04P 1.4u.- Onions California. 83c0tl.OO ser sack." Receipts Flour. 3-ntl quarters; bariey; tn.ya centals; Deans, .209 sacks; potatoes, 7305 sacks; bay, tons. Hew York Bu.-ax Market. . - NEW TOBK, Oct. ;o. Raw sugar firm. (..niruuirai. t.ssc; molasses. s.s"o. Keflned firm, unchanged . to 10 points uiKiier. v.ui loar. s.ttre: eruenea. ft.ose: mould A, .70c; cubes, &.5oc: XXXX pow- . .. 9.00 S.07 Cash prices were: "Wheat No. 2 red, nominal; No. 3 red. tl.Ufc 1.13't : No. 2 hard, nominal; No. bard, $1.0191,07. Corn No. 3 yellow. $7(5 $7 lie v Rye No. $1.0$ 'i. Barley B$ac. -- ' Timothy $5 47.5. Primary receipts What, 2,39,0OO vs. l,r.78,OO0 bushels; corn. 327.000 vs. S90,eoo bushels: oats, 44$, 000 vs. l.jct.000 bushels. Shipment.. Wheat, LSOS'.OOO vs. 993.0OO bushels; corn, $.7,000 vs. $9,.o bushels; oats. 1,239.000 vs. 956,000 bushels. Clearance. Wheat, 1,623.000 bushels; corn, 1000 bushels; oats, 139.900 bushsls; flour, 1,000 barrels. Foreign Grata Market. iONDOX, Oct. 10. carsoes on passage Vh.t, 4 to d hl.her. BVENOS AIRES. "Oct. 20. Wheat. tja changed. Corn 9s to S higher. LIVERPOOL. Oct. 20. Cash wheat, un changed to Id higher. Corn, ttd t. 3d hltjher. Eaatena Grain Markets. DCLVTH, Oct. 20 Wheat closed: Decem ber. 97 v, bid; May, $1015 bid. FACTS Bo intimately are tha public highways eon nect.d with .very aspect of community life that almost any method de vised to measure the benefit of good roads i. incomplete. One fact, however, stand, out un contradicted, i. e from whatever an(li it 1. viewed nothing: . much contributes to the wel fare of a community than a road, street or h t a- b way hardflurfaced with Bitulithic d-rd,- !V,0c; powdered, Q.3c; fine irmu In ted. t.;5c; d Iftmond A. t..;o; oonfctioo er' A, flue: No. 1 , f. OOr. tiufir futures opened firm on heavy buy ing by trade interests end vtiorts. prompted by the advance in both raw and pa fined sugar. .At noun prices were 7 to 11 point higher. TBAVgrrity ccipe. aTl K teres. SAVANNAH, Ga.. Oct. 20. Turpentine firm. 4 c offered, tfalef, none ; receipt , 162 barrels; shipments, Sol barrels; stock. 10,700 barncls- Roeln firm, tialea, 53 barrvle; rceL&ts. 04 S barrels; shipments. 7t0 barrels; stocK, ft,,? 04 barrels. Quot; A. B, t?. I, K, F, O, If, 9.10p-l&; 1, si.ifM)...',; K, H-2ityi,in; fl.50. I'Ondnn Vk1 Hales. - LONDON1. Oct 10. A sale of Kast Indian wool was held hew tod 4)', Moat of the i'u bales offered were sold. "Americans bought suitable parcels and prices advanced f ram five t 1U per cent, except blsnkct whites and colored a, which were exchanid. Irlcd Frqtt at ew Yerk. XKW YORK. Oct. 20. Evaporated apples, taady. Vlopa ( New York. " NTCTl" TOPK. Oft. 'JO. Hops, quift. FRENCH LINE Compsa-ale tieoerale Transallantlan. . 1-OSXAL dHVK'. Sailings From NEW YORK to BORDEAUX ESPAGNE ; Oct. 30, 3 P. M. ROCHAMBEAU JiVor. 6,3 P.M. CHICAGO Nov. 20. P. M. LA TOURAINE Nor. 27, 3 P.M. THE NEW QUADRUPLE SCREW S, S. LAFAYETTE Maiden Trip From N. Y. Not. J3. FOIl INTOHMAIIOJI C. IV. btlnaer. 80 th .1.. A. I). hart tea. 25. Morrtsva st.i K. K. Garrisoa. O. M. ac rjt. r. ny,; iMtrpey - piniitn. lis la St.; V . . naira. iuv sa i.z it. iiirKwm. s.8 wub. in.ion ml.t North Bask Head, aid and ktarli ss.; F. S. Mclarland, ii and Washlnatua sis.: E. B. Duffy. 134 d at.. Portland. NORTH TACIHO STEAMSHIP CO, San Francisco .. SANTA BARBARA, TJ3S AXQELZS AND SAN DIKOO. S. S. ELDER Balls Wednesdny, OftolyeT f. I. M. ' COOS BAY EL'BEKA AND SAN rRANCISCO, -' S. S. SANTA. CLARA balls Thursday, 0-tber 1. . )(. Tlrket Offie. 12 A Tnivd St. I-banes Main 1314, A 1.14. AUSTRALIA sL stissi Honolulu and South Seu sMMUMlUloillMMfls, "VXHTiniA" "S0M0MA "SIERRA" lfi.om.i.B aaraicsti Iwaor-isUKl l-io. ioo An $130 Honolulu fZS'Ji frdm. 533 Kor Honolulu Oct. M. Nor. (, It. For 6nneT Oct , Nor. It, Ch I. OCEANIC SXSLAjaasLUr CO. BAItSABOa. .AMI A. SMS M JUiORO.tAHTOS. noerrEvtoeo euuos Avstca. LAH PORT HOLT UME i n vl- nw a l frsfltent Milt.r. rreas lies' Tees hj mrm l'iSW ton) pMMDCWHMMin. Bess. o.siKiA.u... Afti.,4 BNeawsj.p.r, Uaraer D. Bositk. d Vt asaiaatoa aia, 4 9 . Mill I aad (aat, -fTJ,4l Sl lJ-l San Francisco Los Angeles (IVIIkt.t Caaaa. F.a nate hi. Bla:. Clean. Cos. for 4 abe, r.lraantlv Appolntrd, leasalRK S. S. ROSE CITY Sail, mm Alsiwsrtk UmIi 3 P. M OCTOBH S3, 100 I4m Milea telsmais River, All Ilatea larlpde BertKa and Meals. Table and Scrviee -laeseclled. The flan Frs.elsro e Portland S. B. la.. Third and Wsaslailsa Ftreea (with O.-W. R. ft. Ca.) Tat. Broad, way 4000, A !. ,TwJaraUni- ( ho-aUle.r BSS" "GREAT NORTHERN" "NOMTILKUN MtlllC" For San Francisco Tvesslay 'J'sisiraila. 6a tarda Besi of trio in dayliatit. S.IO round Clip. Qi. way. la, uo, lnoludin meals and berLli. tttcamer xrs (steel parlgr carl and cresctie eaves North anlc Station 9:30 A. M.. arrives 1 . M. gunday. Wednesday. Friday. 0ttTH BANK TICKET ' OFFICII . Phones Uroadwsy it-ito, a toTI. Tickets also at Third and Morrison, lOo Third ml u4 S- Wsshloaton sc Str. GEORGIANA Harkins Transportation Co. Leave. Dallr lExceat Ba4rl, 7 A. 91. Sunday. 7:36 A. hi. for ASTORIA and. Way landings. Returning-, leaves Ajilorla at a f. arriving- j'oriana r. il. Iandlngr foot of Vashingrton street. TBAMEH "DALLES CITYW Leaves Portland Sunday, Tuesday and Thursday at A. M. Leavea The Dalles Monday. Wedne. day and Friday tl7A.il, Fare. Portland to Tho Hal Ir.. St. 00. Al.DKK.-ltT. DOCK, PORTLAND. Psoa. Mala 14. A 811a, i , A. USTR. ALIA. Honolulu, Suva. ' New Zealand . THK PALATIAL PAaaENCEK siTKAMGHsi R,.H.S "MAiiAKA" K.M..V MAfcXHA" tu,uiO tons die. r 14,OOa turn dir. Hail from V AXCIll VKR. B. 4 tl, . 34, Dec. Apply Canadian I'aririe Kall- na.v. AA Third ri.. tnlaol, Or., or to me (onarllaa AuMral.Man H..al Mall LI.e, 111 bejnieur lilreet. awcouver. IS. C. Z I Jt Ji y f iJLS9U; December, ccmber, f !.:; May. .1174.. WINNIPEG. Oct. u. wheat 'dosed; . A. IsWb