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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 19, 1916)
19 THE MORNING OREGOXIAX, WEDNESDAY, JANUARY 19, 1916. WHEAT BIOS RAISED Club Touches High Point Reached in August Flurry. BLUESTEM WANTED HERE Numerous Sales at Dollar Mark at Country Points Strong In quiry From Kast lor All Northwestern Cereals. -Wheat, nu and barley are in atrons de mand lor shipment East. At no time this euoa nave orders been o numerous, espe cially lor wheat Every variety of wheat Inquired for and offerlnas made by dealer la the JUrthwest are promptly anapped op. The Eastern buying, coupled with aoma demand on tho Coast lor milling grades. ., anflicloent to jive tho local wheat mar. act a substant-al lift yesterday. All bids at the Merchants' Exchange were advanced, the rise ranging from 1 cent on prompt lortyfold to 1 cents on March bluestom. Blues tcm now commanda a premium of l j cents over club, and thia spread would indicate that suppllea of tho former aro not as lance aa waa expected. Buyers on the Exchange offered $1.13 for January bluestem, an advance of 3 cents over Mon days bid. January fortyfold was 1 cent blgher. at I1.0T bid. Prompt club offers were raised 2 cents, to 11.04. the price at which It sold during; the August flurry. The other varieties of wheat ara higher than they were at that time. Even the cheaper grades of wheat ara now aver the dollar mark here, whllo In the country there have been numerous sales of bluestem by farmera at SI. The selling, however, has not been free except at one or two points, notwithstanding many growers announced their determination to let go when tbey could obtain SI net. In addition to the Eastern demand lor oats, consumption In the country Is heavy, aa the hard winter haa made more feeding necessary than for years past. A few coun try sales were reported yesterday on the Coast basis of t2S, but there wore few sellers. At the Exchange, oats bids were raised to f.T.SO for January and fJT.73 for February delivery. Barley stocks are in few hande and prices are moving op In sympathy with the other grains. There is export demand for barley as well as Inquiry from the East. The railroad situation shows a little im provement, congestion being relieved at lew of the Eastern terminals. Freights con tlnne to advance, a further rise of 2 cents a bushel being reported yesterday in rates from tha Gulf to Europe. Bradstreefs estimates the worlds visible wheat Increase at 2.408.000 bushels. The European visible increased 3,92.000 bushel, this week, compared with a decrease ot I..W.000 bushels a year ago. The Canadian Mslble wheat supply is 44.2i3.0o0 bushels, azalnst 14.3W.0OO bushels a year ago. me Canadian oat. vlaltl. Is 16.542.000 btaJiels, against .i27.000 bushels a year ago and the barley visible is 1.703,000. against 700.000 kuahels a year go. - : .- , ., The Rournan.au wheat yield is placed at M. 400.000 bushels, compared with 40..8O.OUU bushels last year. .""-' The Argentine export surplus ot corn is astlmated at 100.000 tons. Foreign crop conditions ara summarized by Broomhall as follows: Australia Weather favorable and harvest ing conflrma Urge outturn. Russia Center and north severe frost with ugat sno.v. south, rain and ow. with intermittent trowia.- and - ""lnf Acreage generally reduced and outlook only noumanla Crop outlook favorable. The acreage will b. large - a. grower, are en couraged by present demand. Central "owrTcont.nu. to take liberally and some IVL? continue, to b. purchased in Booth (tussta for reshlpment. United Kingdom - Weather '-b, lor best development, and the outlook is lair. Native supplies ara fair, but move ment slow, owing to reduced railway lacU- 1UKrance Weather unfavorable. Crop out look fair. Acreage reduced and growth thin, fcupplle very moderate.- . Ocnnanv Weather mild and crop report ad a. beins very . favorable. Supplies are arriving from Balkan Stattg and less is heard of scarcity. . luily Official report states that crop are progressing favorably. No mention is made .f reduced acreage, but our agents contend that cvrop i-rospects are unfavorable on a reduced acreage. Reserve, aro light and Jui port needa large. India Unfavorable report, ara received f damage from dryness. Bain .enerallj la badly wanted. i....v. I. hlahlv lavorable .Z L a 1.1. harvesting. Move ment la slow.. Chartering for grain very "TOTlnal recltpti. In cars, were reported by the Merchants' Exchange as Uow5 rortland. Tuea 8 i.-.. Vear ago " teas'n to dale. - J-J" iear ago 1-r 1 scums. Mon. A Year ago "J t-essn to date. Tear ago ';, S-aitle. Mon.. ' - V.ir SCO..... -1 lllin to dale. Mot l?4i. Iear agu '" 7 4 joiu 147 .... 1 12 20 763 131 1402 13 111 I 4V I 2.13 1402 S72 212S 5 2S 3 6S4 ST' 80s 3023 6 10 1448 14CS SALMON STOCKS OS COAST WW Mtth Good whipping- Facilities Sappllea Would Be Evea e mailer. Coast salmon stocks are unusually low at the beginning of tne year, a proui ... - ...oiAriiv kaw of the situation: .aiiio(u " ' - -Sockeye flats and halve, are practically out of the market, vt net lew mu ara unsold are being held firmly at I1.SS. "Whllo some packers are carrying over a fair qaullty of Columbia River chlnooks. most of tho well-known factors aro sold out. and tho market la firm at opening prlcea. There la no medium red to be had at any price. "Owing to the cut in the price of pink shortly after the opening prices, were an nounced, tho majority of pink packer. sold .. mnA while there are still iiteir r u v 1 1 d . . - some who will sell at 70c. the market Is lirm at ""c for weii-anown oranu. ui stock ot chums is light, and Is firmly held at sic. "Both packers and dealers have been badly handicapped ever aince tho a'.ide in .... .. - ....... l .hmnrb lack of ah IddIdk ...in. .mttU at the present time there is not a single vessel loading at any potnt on th racliic t-o ir inner . ii.i. . in . iw nn tho Atlantic sea board of the United States. Therefore, large .. . ii nHM nf nimAn are vol n s forward overland. Had shipping facilities been normal during tbo past 40 daya we be liefs the bulk of the unsold stock would have been shipped beforo this. "The outlook in general was never better. England stll continues to be a buyer lor everything in salmon. There is nothing now to be hsd betweon Alaska red at l-& and pink at Tie. and feel safe In stating that on account of the marked differenca in price and the icarclty ot red, Alaska pink is bound to advance, especially in view of the Itu-t that 11 1. the off year on 1'uget bound pink." UVl PASTTRES ARB CROWDED Klamath RepotTa at Least 60,aoa Sheep la Modoc Beds. . KLAMATH. FALLS. Or, Jan. IS. (Spe cial.) According to Klamath Fall, stock men, at least to. 000 bead of aherp that have been feeding tn the pasturea of tho Modoc lava beda recently have been removed and now ara being fed hay oa the ranches around Merrill and Tula Lake. Two feet of snow cover, a big portion of tho Winter range. The lava beds havo been overstocked with sheep this year, too, it i. declared. Tbey bvxe sufficient Winter pasturage nor mally to carry about 49.409 head ot sheep all years, but this Fall and Winter about twice that number have been driven In. IMFr.OVEME-VT IX THE HOP MARKET Demand I. Stronger and Vp to ll'i Cent. Is raid. A better demand from the East for hops is apparent, although the larger brewers announce that they have bought their sea son's requirements. Some of the recent purchases are believed to be lor account of December a-vles. the shipment of which had been ordered delayed. Among the deala announced yesterday waa tho sale by Sloper & Patton. of In dependence, of 130 bales to Louis Lachmund. and 100 balea to tho Wolf Hop Company. Both lots wero taken at 11!4 cents. Tho Alluvial Farm Company, of Independence, sold 331 bales to Dorcas Bros, at cents. Yakima aalca reported were the Carl -t Blair lot of 94 bale, at cents and the Coburn A Fortier crop of 90 bale, at 10 cents. Egg Receipt. Ara Limited. Egg receipts aro still limited and price, sre holding firm. There la no disposition to advance tho market, aa it la thought the worst of tho cold spell is over. There were fair arrivals of poultry and dressed meats, which sold at steady and unchanged price.. Tho butler market was firm at former quotations. Celery Will Bo Higher. ,i -i .. r .nniiii.ni vegetables arrived on ' tho steamer yesterday, whlen .. .v. u.arf.ltV. did but little to reuevo -no .-. --- Celery Is especially sliort and will bo ad vanced to Si a crate today. Full prices are asked on the street for potatoes and onions. Tho demand for fruit, la light. Bank Clearings. of the Northwestern cities yesterday wero follow. -. BB,ane(. rPortland iM',i PORTI.AXD MARKET QUOTATIONS Grala, Flour. Feed. Etc. Merchants' Exchange, noon session. January delivery. B4 Wheat Bid. . Ask. Tr. ago. Bluest LT Vl. 1 41 Forty-fold 1" Hi geflfc""""""" Vg 1S Red Russian LU1 1.0 -- Xo l-hlte feed 27.50 2S.2S S5.7S V feed 3 i " 21.75 L'.-irU -a.vw SSr'u Futures e i i'-ti 1 15 February blueatem 11-J4 S j- j i. k l ..... r 1 I'.l 11 February fortj-fpld Los l l March forty-iom ; , I'l,. "I Us L10 February, fife 2-2 lii ::::::::: m ?o March Russian t'"S zl.rM March oats 7.11a February teed Dariey 5,'i.i 'no March feed barley 2J..0 -0O .'.hmarv bran .- - - u - r March bran ;; February shorts 2-;J March shorts -3 "0 ..o FLOUR Patents, S3.40 per barrel: straights. 4.70ti3.20; exports. S4.S0; whole wh-at. ..; graimui, . HAY Eastern Oregon timothy, Sliwii.oO, ir.ii .(mothv. 14i14.i0: alfalfa. S1719: oats and vetch, S13. MILLFEED Spot .prices: Bran l-S per ton: shorts. -; rolled barley, S30.l. CORN Whole, l per wu, ci-". t per ton. Fruit, and Vegetables. TROPICAL FRUITS Oranges, navels. S2 ft3 oer box: lemons, t3W4.i0 per oox. . , - nn,.nDL 4U6 OO Dananas. oc v -. . per pound: grapefruit. .lu.25: Pome granates, 1-UU '!'': . ..L.ir.. n 3 per dJenT tomatoeT California S1.B0L75: cab- . i, . tt asst c rl u' iiiC DCF nou'd: pe-pps. '."dK l"-4e;C lettuce. 2.4042.O per crate; peas.eeiOa boxP grapes. 4 per barrel; cranberries S12.50 per barret v.kl- POTATOES Oregon. (1.509 Liu, " mas. (1.50W1.7S per sack; sweets. 2.,53 per hundred. . . nvinvs Onion, buying price. (1-75 r. o. b. shipping point. , ArrWo Plurnuoii- " 2.2i: fancy. (2: choice, (1.2Gt1.50; Jona thans, extra lancy. tiu. .-..w . choice. (1; Yellow Newtowna, extra fancy S2: fancy, si. is: cwuis, vw---". r ... extra, fancy. (1.50: fancy, (1.25; choice. (1; russets, orchard run. (1. Dairy and Country Produce. Local Jobbing quotations: EOG Buying prices: Oregon ranch, pre mium. B3c; No. L ;c; No. 2. 27c; No. J, '-0c; Jobbing prices: Oregon ranch, candled, do Axliic per dozen. POULTRY Hens, small, 15c: large, IBc, small Springs, liwloc; turkeys live. LOc; turkeys, dressed, choice, 20c; ducks, X- 16c: sefcse. 12 n 13c. BUTTER City creamery, cubes, extras, selling at KM, firsts. Mas printj : and car- tons, extra, rnuw i'" w ... - try creamery. 2i :c. according to quality; buttertat. No. 1. 2c; No. . Sc- Clic:c.&c ureion ii .. , j ' Ing prices, 17c per pound, f. o. b. dock Port land; Young Americas. ISo per pound. VEAL Fancy, 12i13o per pound. PORK Fancy. 8HQ per pound. atapla Groceries. Local Jobbing quotation.: g LiSltJN f (2.30 per doxen; one-half flata (L60; 1- . r ... rA. .i.ui,a .Ink l.nnnnd pouna Iiais. e-.wv. - - . - tails. 5c. HONEY Choice. (1.25 per caaa. NUTS Walntus sack lota. 16c; Brazil nuta, 13tHc; filberts. lelsc; almonds, litko; peanuts. &'c; cocoanuta, $1 per dozen; peraus. IOWOc: chestnuts. 10c. BEANS Small white. 7.S0c: large white. 7 13c: lima, ic: bayou. 5ic; pink. 6ic. COFFEE Roasld In drums, 14ilc tiUilAR Fruit and berry. (6.50; beet, $4 30; extra C. ; powdered, la banwla, it 7;: cubes, barrels, 6.t. AL.T l.;ranulated Sl.50 per ton: half ground, loos. (1U.50 per ton; tOc. (ll-5t per ton: dairy. S14 per ton. RICfcT Southern head, 5 4f?t'.4c pound; broken. 4c: Japan style. 4t,03c DRIED FRUITS Apples, to per pound; apricots, 13 tflOc: peaches, c: prunes Italians. 84f9c: raisins, loose Muscatels, 8c; unbleached Sultanas, Hw10c; seeded, tc; d.tea. Persian. 10c pound: fard. (1.45 per box: currants. 8 V, 12c; figs. 50 4-ouoce. -. 10 4-ounce, $2.-3; 86 10-ounce, (2.40; 11 loounce. Sic; bulk, while, 7tc; blacks, c. Hops, Wool, Hldea, Etc ,,OPS lli crop. lH4c per pound. HIOES t-alted hldea, 25 pounds and up. Hue- salted stags. 30 pountia and up, 11c; salted' kip 1 pound, to 25 pounds ISo; salted calf "P to 15 pound., 14c; greea hides 2i pound. nd up. 11c: green stags ?i ,..J. T and up. de: green kip. It oounds to 25 pounds lie; green calf, up t 15 Bounds. 18CI dry flint hides 15c; dry flint calf OP to 7 pounds 3Jc; dry salt hldv'S 20c. WOOL Eastern Oregon, lfw!jc; Valley, Si n 26c: Fail lamb.' wool. 25c i.-iu itr Oreson. Ssc per pound. CASCARA BARK. Oid and new, SHQto per pound. t.c-iTs ntv lonr-wooled pelt.. ISc: dry short-wooled pelts 12c: dry shearlings ! K.C each; salted shearlings l023c each; dry goat, long bair. 13c each; dry goat shearlings 10tr20c each: salted long-wooled peits December. itc w eaca. Provialona. HAMS All sizes choice. lc: standard. 17Vc; skinned. 14c17Mc; picnics. She; cottage roll. ,13Hc. BACON Fancy. :7g28c; standard. :i 22c: choice. 15:0c. DRY SALT Short, clear backs 11 4 IS'sc: exports. L1H913C; plaws Ht LARD Tlerc bssla. kettla rendered, llc: standard, 10c: compound. ItVte. BARRKL OOODS Mess beef. 818: plate beef. ti; Plata pork. 818; trips. (18.609 11.60. Oils KEROSENE: Water white, drums bar rels or tank-wagons 10c; cases 17HcO GASOLINE Bnlk. liSel cases 21Hc; engine distlllste. drums Sc: casea, 10c; nap tbs drums 144c; cases SlHc LINoEED OIL Raw. barrels Ssc; raw. cases, 81c; boiled, barrels, 88c; boiled, cases 92c. TURPENTINE In tanks 87c; la cases 74c; 10 caaa lots lo leas - MARKET IS NARROW Stock Trading Largely in Hands of Bears. PRESSURE IN ALL QUARTERS Mercantile Marine Issues Sre Again Feature of Speculation. Sugars and Fertilizers Are Manipulated. NEW YORK. Jan. 18. Trading today was more circumscribed and changes mainly to lower levels, resulted largely, it not wholly, from bearish encroachment. Among the trading element there seemed to be an ex cess of pessimism. Great Britain', pro posed stringent blocksde and affairs In Mexico were cited aa the chief reasons for this state of mind. Disappointment was expressed also at the failure of the January boom to materialize. The local market has taken large amounts of American securities from Europe since the beginning of-the year and this has acted as a deterrent to the usual January rein vestment demand. Ralls, with a few excep tions, show backwardness despite excellent earnings: and snecialtles aside from a few of the closely-held and hlgb-prlced Issues. yield more easily to pressure. Mercantile alarinea were again the domi nant feature, tho turnover in common and preferred share, completely drawflng deal ings in former leaders. Marine common made the new record of 23 U on its advance of 114, but tho preferred stock fell under weight of profit-taking, declining l tot. or 3 under Its record price of Monday. . United Htates Steel, In which the trading was smallest of any for weeks declined to Soi or a mere fraction over its recent minimum. The selling seemed to be based on doubts of an early dividend resumption. Bethlehem Steel was extremely variable, at one time rising to 403, then falling to 47j. hut closing at 480. a net gain of 5 points Sugar shares and fertilizer. moved . to higher quotations obviously In consequence of manipulation. United States Industrial Alcohol featured the erratic dealings of the final hour, making an extreme gain of Si to the net record of 145H- Tho closlna wa. irregular, with partial recoveries from lowest prices Total sales of stock, were S60.000 shares. Bonds were inclined to easo off with in creased activity in Anglo-French 6s Total sales of bonds, par value, amounted to (4.- 075.000. United state, bono, were un changed on call. x CLOSING STOCK QUOTATION'S. UlORing Sales, l.ioo !Wo 2.3O0 S.'jno 4.o 9.200 Low, Alaska Gold. .. . 2.-. 28 li ! 3'4 US 14 106 2 27 K 67 li 64 34 104 Vi Allls-Chaimers. -Am Beet Suear. 27 67 en 65 105 112 114 127 202 88 106 110U. 94 4.80 87 81 178 nsH 64 14 100 132 17 53 47 67 21 47 41 175 124 48 23 106 19 46 110 30 79 129 114 37 15 5 151 71 15 110 74 119 115 12 4! r.s 168 81 51 102 22 154 60 wil 137 83 85 117 75 00 67 76 475 American Can.. American Loco. Am Sm ac Refg. do pfd Am Sug Refg.. S.600 Am Tel 4b Tel.. 700 American Toh Anaconda Cop.. 7.M 1144 127 "is'i 1053i 109 fi !4J4 49.1 8714 32 "4 177 5414 64(4 14 i 100 127, 8!) 10714 lin; Atchison iu. mo Baldwin Loco.. 17,100 Bait & Ohio.... -.-'" Beth Steel 1,k0 Br Rap Trans.. "O0 Calif Petrol 3.S00 Canadian Pac. 1.100 Central Leath.. 13.0 HI' 493 87 33 H 178 Vj 56 H 64 H 14Vi 101 Ches & Ohio... 1.700 Chi Ort West... 300 Chi Mil & St P. BUU Chi & N W C R I ft P Ry.. 4.S00 Chtno Copper... 2.700 Colo Fii & Iron. 2.1"0 Crucible Steel.. 19.400 r A R O ofd 17t4 54 'i 4S7. 69 '47 40 '4 176t4 12414 48 23 i 107 Mi 19V4 4654 11014 3014 80 14 12H4 11S"4 3SU "hi 1654 54 41 6514 46" 40 174 124 Wtt4 2S14 107 19 46 110 30 79 T4 12914 113'1 37 DiFtillers" Secur. 6,1 "0 Er e i"o General Elect... 200 Grt North pfd. . i Gr Nor Ore ctfs. 1.000 Guggenheim Ex. 1.100 Illinois central. ."" Int Cons Corp.. 1.SO0 Inspiration Cop. 10,000 Int Harv. N J.. 300 K C Southern... 1.000 Lehigh Valley.. 2.400 Louis & Nash.. 200 Mexican Petrol. 8.700 Miami Copper.. 2,600 M K ft T Pfd... ...... Missouri Pac... 1,600 5H Nat'l Biscuit... National Lead.. 8.300 72 Nevada Copper. 0OO N Y Central.... 24.200 111 N Y, K H ft H. 2,600 75 Nor ft Western. 1.100 120 North Pacific. 900 115X Pacific Mall T. T.T A Tel.. ..... 704 I.-14 109 i 73 1191 115 H Pennsylvania .. 3.300 Pull Pal Car... 1.100 Ray Con. Cop.. J.'OO Reading 1.900 Rep Ir ft Steel. 1.000 Southern Pac. .. S.S00 Southern Ry.... 1.000 Studebaker Co.. 9.300 Tennessee Cop. 6.000 Texas Company. Son Union Pacific. 3.100 do pfd ..HUSt U S Steel 43.700 do pfd .900 Utah Copper. . . 3.000 Western Union. 1.1J0 Westing Elect.. 8,800 Montana Power. Gen Motors 400 Wabash B pfd. 3.200 58 171 24 S2 52 102 4 23 1.-.6 61 1371 83 86 117 79 91 67 ist" " 31 r.s ls 24 81 51 102 is;1 m50 1S7 83 85 117 78 PI 66 475" 3! 31 83 Int Marino pfd. 50.900 841 K2 Total iale for tho day, 660,000 shares BONDS. TJ S ref 2s reg-. 99! North Pao 4s... 93 IT S ref 2s coup. 99 do 3s t V S rS...... 101 Pac T & T 5s.. .100 IT s 3s coupon. .101 IPenn con 4s... .106 V S 4s reg.. 109isouth Pac ref 4s 90 U S 4 coupon.. 110 A Am.. 113 do cv 55 ..107 Union Pac 4s... 07 do cv 4s 93 U S Steel 5s 104 Anglo-French 5s 0-5 Atchison gen 4s. 94 D ft R G ref 5. 56 ST C gen 3s.ll7 Bid. Ronton Mining Stocks. BOSTON, Jan. IS. Closing quotations: Allouex 64 INlpissine: Mine.. 7 Am Z. L ft 6m. 63tNorth Butte 29 Arli com Old Dom 64 Calumet ft Ariz. (Osceola S;i Cal ft Hecla 555 jOulncy 88 Centennial 17. Shannon 0 Cop Bge Con... 62'Superlor ........ 2o East nune cop. ' " Franklin o .lTimarack 5i Greene Can 5i' do pfd 50 IIo Roy fCop).. 2sTtah Con lo Kerr Ike 4 Winona 4 Tke Cop 18IWoKerine 61 Mohan k 01 Butte & Sop 75 Money, Exchange. Etc. NEW TORK. Jan. 18. Mercantile paper, 393 per cent. Sterling. 60-day bins, (4.71; demand, (4 76: cables. (4.77. Bar silver. 66 c Mexican dollars. 43 c. Government bonds, steady; railroad bonds 'fme'loans easy: 60 and 90 days. (2 2 per cent: six months 2 63 per cent. Call money, steady; high. 1 per cent; low 1 per cent; ruling 11. -n ...... last loan. 1 per cent: closing bid, 1 per cent; onerea at -m f SAV FRANCISCO, Jan. 18. Sterling on London. 60 days (4.71; demand (4.76: cable. (4.77. Mexican dollar., 41c. Drafts sight lc, telegraph Sc. LONDON, Jan. IS. Bar .liver, 26d per ounce. , . Money. 4Hr4 per cent. Discount rates: Short bills 3slil in" 5 0 5 per cent. SAX FRANCISCO PRODUCE MARKET Prices Current oa Batter. Eggs. Fruits, Vet etables Etc., at Bay l tty. BAV FRANCISCO. Jan. 18. Butter Extras. 27c; prima firsts 2c; fresh firsts, 25c eits Fresh extras 37c: pullets 86c. Cheese New, 17c; California Cheddars 17c: Young Americas 16c. Vegetables string beans. 510c; war. 4 eTc: limas. SsrlOc: eggplant. 4Sf6c: toma- toes (Hrl.25; bell peppers. 6911c; cucum bers (3.75 03. Onion. California. (1.9062; Oregon, 12.23 tj-- 50. Fruit Lemons (3.25r3.50: grapefruit. (1.2541.2.25; oranges (1.65a2.75: Mexican limes, per case (4 50 p 5.50; cider apples 75S5c: bananas Hawaiian, (1&1.75; pine apples. Hawaiian. $ltrl.7.". Potatoes Delta, 'f 1.2301.30; Salinas (2 SJ2.10- sweets. H.752. Receipt. Flour. 3000 Quarters; barley. 3::o centaTs: beans. 702 sacks; potatoes 1710 sacks; hay. 106 tons ' Coffee Futures NEW TORK. Jan. IS. Tho coffee market waa quiet today and fluctuations corre spondingly narrow. There appeared to Be scattered covering at tho start, and after opening 1 point lower to 1 point higher March sold at .S9c and July 7.18c or about 1 to 2 points net higher. There was very little demand, however, and prices later eased off under liquidation, with March selling at 6.96c and July at 7.15c The close was 1 to 3 points net lower. Sales 8750 bugs'. January, S.SOc: February. 6.8Tc: March. 6. Sic: April. 6.9c; May. 7.04c: June, 7.09c; July. 7.11c; August. 7.19c; September. 7.25c; October. 7.30c; November, 7.35c; De cember, 7.40c Spot coffee easier. Rio 7s 7c Santos 4fl, J tic It wa rumored today the cost and freight situation was easier and that Santos 4s had been offered here as low as S.80c, subject to confirmation. ' The official cables reported a decline of 3 l-16d in the rate ot Rio exchange on London, with an advance of 75 rela ih the Rio market, while Santos was unchanged. LONDON WOOL SALES OPEN HIGHER Sharp Advance in Rate, at Melbourne Auction. LONDON, Jan. 18. A large number of buyers attended the opening of the first series of wool auction sales here today. There was a brisk demand for the 7500 bales offered and all grades advanced from 3 to 7 per cent, except poor Merinos, which were barely 5 per cent dearer. Home trader, were active, but American buyers were quiet. Russia bought scoured Merinos and France greasy Merinos MELBOURNE. Am, Jan. 18. The wool sales were reopened here today. There was spirited competition for all grades and prices advanced from 10 to 15 per cent over the December rates r SMALL SUPPLY AT YARDS ALL LINES ARB STEADY AT NORTH PORTLAND. ' floe Again Move at $7.10, at Which Bulk at Salea 'Were Made Monday. . There was a steady market for all classes of livestock at North Portland yesterday. The day's receipts were light, but there was some carryover stock from the day before that helped swell the sales Bogs again moved at (7.10, the price at which the bulk of sale, were made at the opening of the week, there being no offerings ot a qual ity sufficient to bring the extreme top quotation. The cattle on sale were worked oft within the established range of prices. Receipts were 31 cattle and 103 bogs Shippers were: W. W. Kimple. Mountain Home, 1 car cattle: E. B. Schomp, Condon, 1 car hogs and George Zimmerman, Yam hill, 1 car cattlo and bogs The day's sales were aa follows: Wt. Price! Wt. Price 1 steer 700 (.1.75 6 cows.... 1)20 5.25 1 cow 820 3.75 4 steers... '."-2 6.50 IS steers... 1231 7.00 06 hogs 200 7.10 6steers... lin B.uui 4 nogs .-a 0.10 2 cows.... 7 3.50190 hogs 211 7.10 2 steers... SS0 5.00' .-. Iiokk. . .. . 357 6.10 3 steers... 1153 6.00'S hoga 233 7.10 2 bulls 1193 4.O0I0I O 0i :M r 17 cows.... 920 5.501 The ransre 01 prices at tne local yarns ir various classes of livestock follows: Cattle . Choico steers (i.2o7.io Good steers 6.754i)7.0o Medium steers .................. e.0U4r o. r Choice cows o..0(&ti.00 Medium cO'As 4.755.25 Heifors 4.0046.40 B ills 2.50 6 '4.50 Stnca 3.00&O.20 Hoes Llsht 6.757.25 Heavy . 5.756.25 neeri Wethers .... 6.00JS7.25 4.25IS 6 55 7.00 8.25 Ewes Ianibs Omaha Livestock Market. OMAHA. Jan. IS. Hogs Receipts. 20.500; hl-her: heavy. 7.10'ft7.r.O; Hilht. S6.B07.25; pigs. $6)7; bulk of sales, (7gi7.2l. Cattle P.tceipts. . 6700; strong: native steers. (6.5u(0tf; cows and heifers, (5.35'S7: Western steers, (67.25: Texas steers, (5.70 47.70; stockers and feeders, $5.257.60. gheep Receipts, 13.000; steady to strong: yearlings. (7.75 W9. 25; wethers (77.75; lambs, (10.25gl0.'i5. Chicago Livestock Market. CHICAGO, Jan. IS. Hogs Receipts 25, 00O: fairly active. 20c above yesterday's average; bu'k, S7.20&7.55; light. (77.50; mixed, $7.157C5; heavy. S7.107.65; roush. $7.10(S'7.25; Piss, (5.756.83. Cattle Ueceipts. 5000; weak; native beef steers. (6S?3.70: Western sleers, (6.60OS.23; cows and heifers, (3.30S.4O; calves, (7.25 10.50. . Sheep Receipts 16.000; steady; wethers (7.2567.75; lambs, C8.254TTO.Tj. Naval Stores. SAVANNAH, GIL, Jan. 18. Turpentine firm, 53 Vic. Sales 77 barrels: receipts, IK barrels; shipments, 212 barrels; stock, 22, 6t6 barrels. Rosin firm. Sale. 1189 barrels: receipts 109S barrels; shipments, 438 barrels; stock, 105.334 barrels. Quote: A. B. C, T, E, $3.40; F, O. (5.45; H, (5.50: I, 85.55: K. (5 95; M, (6.20; N. 86.86; WO, (7.10; WW, (7.75. Metal Market. NEW TORK. Jan, 18. Copper, firm; elec. trolytlc, 24S'21.50c. Iron, steady and unchanged. Tho Metal Exchange quotes tin quiet, 41c bid. The Metal Hxcbange quotes lead 5.00c Spelter not quoted. Cotton Market. NEW TORK, Jan. 18. Cotton futures closed steady: January. 12.38c; March, 12.50c May, 12.74c; July, 12.89c; October, 12.84c' Spot cotton, quiet; middling uplands, 12.50c. Sales. 300 bales. Chicago Dairy Produce. CHICAGO. Jan. 18. Butter, firm. Cream ery. 23&30c. Eggs Higher. Receipt. 8775 case.: firsts, 32c; ordinary firsts, 31c; at mark, case, in cluded, 24 32c, Stock. Dull at London. LONDON. Jan. 18. American securities barely moved after a fractionally lower opening. Several Dond. cnangea nana, at steady prices j- New York Sugar Market. NEW 1'ORK, Jan. IS. Raw sugar, firm: centrifugal. 4.3304.61c; molasses 906 3.S4. Refined, steady. Hops at London. LIVERPOOL, Jan. IS. Hop. at London (Pacific Coast), (J'tfo. Duluth Linseed Market. DULUTH, Minn., Jan. 18. Linseed, cash, C2.42i4&-'.42; May. (2.45; July, (2.44 !4. Dried Fruit at New York. NEW YORK, Jan. 18. Evaporated apples, dull. Prunes, quiet. Peaches, steady. Hop. at New York. NEW YORK. Jan. 18. Hops, steady. WATER USERS PLAINT UP Prohibition Writ Delays Hearing Planned at Bend. BEND. Or., Jan. 18. (Special.) Be cause of the writ of prohibition 00 tained by the Central Oregon Irrigation Company in tho Supreme Court last week, the state i-uoiic service win mission had no hearing here yesterday on the complaint of tne water users Association against the irrigation com nnv. - E. T. Busselle. an engineer of the Commission, held an informal meeting last night to adjust differences be tween the Deschutes Mutual Telephone Company and the Pioneer Telegraph & Telephone Company. The former com pany seeks an entrance into Bend. It is expected that an arrangement will be made by which the two companies will exchange business for a small charge. Condon Bank Elects Officers. CONDON. Or., Jan. 18. (Special.) S. B. Barker last week waa elected presi dent. J. F. Riesacker, vice-president; O. H. Robertson, cashier; J. P. Hess, aa- . .asi,ii Fit the First National Bank of this place at the annual meet ing. A. 10 per cent dividend was de clared. The stockholders elected the following directors for 1916: S. B. Barker. J. V. Reisacher, W. C Brown, C. H. xiorner ana v. uunwwi. TOP PRICE FOR CROP Wheat at Highest Point Since 1915 Harvest. CHICAGO MARKET BUOYANT Rush to Buy in L-ast Hour Results In Three-Cent Gain Strong Ca bles and TnfavorabIe Crop Reports Are Factors. CHICAGO, Jan. 18. Wheat soared today to a new high price record for the lsl crop. The market closed buoyant. :o to So net higher, at (1.31 for May and 81.24 for July. Corn gained HK to He. and oats l&Hic to lic In provisions, the out come varied from 15o decline to a rise of "Except for a few transient setback, wheat was on the upgrade throughout the session. The biggest rush to buy came during tne iast nour ot iraums- "r " , , . .1. I.t. h.aa. fitimillllS IOr tions put Bireugui - " . . buyers was found also in reports of cold weather damage to me i- .. - . . . , . . . wiint, were da crop anu in toe wi . . . . creasing both Northwest and Southwest. A gain in tne European " i' --j had only a temporary bearish effect. , . 1 . .1 ,n .1 Knt the Lom waa n 11. 1 1 11 c iu " o strength of wheat finally acted a. more than an onset mr ikuiwu mnucp. Oats snowea inuepenuwuu oncue.... Font ana rips nuiaumu, .. - . . 1 .k 1. . . . . ,h. ristf WHS tali lillU LDnJUBimui " I - under heavy selling pressure. Investors were the best buyers of ribs The demand for pork came from shorts. Leading futures rangea a wimwo. WHEAT. Open. High. Ixiw. .Close. May St.:4 (1.31 (1.2SH July 1.22V4 1-25 LSI 1.3 CORJf. Mav 7914 . .79 .78 .79 July 79 9, .SO .7i4 .80 OATS. Mar .5! .53 .49 -5054 . MESS PORK. .514 .4954 .53 54 .5054 July Jan May .... 20.00 20.20 20.01 20.00 20.02 20.55 20.20 20.42 LARD. 11.15 10.97 11.00 11.25 11.15 11.23 May SHORT RIBS. Jan 10.90 ..... ..... ..... May 11.11 n.19 Cash prices were: V neat iw. 6 iwi nuimu.', - - 1 niil its'. V-rt 1 hard. .1.25; 01.26 i : No." 3 hard. (L17s 61.24. corn o. e yellow, uuiuiutxi, x.w. j low, 73&74o; No. 4 white. 723i7314c Oat. No. 3 white, 48S51c; standard. Rye No. 2, 81.00. Barley 66 tit 8 2c Foreign Grain Markets LIVERPOOL. Jan. 18. Cash wheat. Hid to 2d higher. LOVDOV. Jan. IS. Cargoes on passage. unchanged to 9d higher; corn, unchanged to Id lower. Minneapolis Grain Market. T.--l.. t nii id Ton 1( TV" K. , a Mjv (1.30 1.30 4; July, (1.241.2!?4 : No. 1 hard, (1.35: No. 1 Northern. 81..HVi 1.33: No. 2 Northern, (1.27 S4 1.30. jsariey ttvptais. Flax (2.3754 2.4154. Eastern Cash Oats Market. ' OMAHA, Jan. 18. Cash oats, 14 o higher. ST. LOUIS, Jan. 18. Cash oats, 2c higher. Grain at San Francisco. SAN FRANCISCO, Jan. 18. Spot quota tions Walla, 81.7254 &L76; r?d Russian, 81.7254 ei. 75: Turkey red. (1.804tl.S2 54 ; bluestem. (1.80&1.82V4 ; feed barley. (1.2754 Jul. 30; white oats, H.JiSB'l.lli: oran, (23.50; middlings, 13031; shorts, 82425. Call board Barley, May, (LS8. Paget Sound Grain Markets. SEATTLE. Jan. 18. Wheat Bluestem, 81.10; Turkey red, 81.09: forty-fold, (1.08; club. 81.05: fife. (1.03: red Russian. (1.02; barley, (27.50 per ton. Yesterday's car re ceipts: Wheat It, oats 5, barley 2, hay 28, flour .6, iririrtVl Van IC Ttrn.atPTii.atMi 81.081.0: forty-fold, (1.04 & 1.05; club, (1.02; red fife, (1.0054. Car receipts: Wheat 12, barley 4, oats 1, hay 40. CARGOES CHOKE SEATTLE 130 CARLOADS OP SUPPLIES FOR RUSSIA WAIT OST TRACKS. Capacity Shipload Departing; Falls to Dent Great Quantity of Freight teld for Steamers, - SEATTLE, Wash., Jan. 18. (Special.) Throwing ligrht on the great volume of the freight movement now in progress from Seattle to Vladivostok, the Great Northern Railroad is hold ing more than 150 carloads of knocked down rolling etock and other equip ment, destined for the trans-Siberian Railroad, on its tracks north of Seattle. The shipments are being moved out as rapidly as possible, but the number of cars held on the tracks remains sta tionary. As fast as the railroad gets rid of the carload snipments otners ar rive from the East. The steamship Hazel Dollar, of the Robert Dollar Company, sailed from the Great Northern pier for Vladivo stok and Manila this morning with every ton of railroad material and other cargo that she could carry. Uer departure, however, failed to make a dent in the quantity 01 ireignt now as Bembled for shipment to Vladovostok. Beside the railroad equipment for the Trans-Siberian Railroad, the Hazel Dol lar has consignments of lumber, steel products and automobiles for viaaivo' stok and cenerat cargo for Manila. Every ship now sailing from the Great Northern pier is packed to the limit with carito. From present indications the Great Northern Railroad's great freight move ment to Siberia will continue for sev eral months at least. This is the oninion among officials of the company. The movement of export freight from the East to this port so" far shows no sign of a let-up. PHONE DIRECTORS CHOSEN People's Company at Centralia Holds Its Annual Meeting. CENTRALIA. "Wash., Jan. 18. (Spe cial ThAfulnrii of till 3 city. Martin Holman and W. J. Lemmon of Oakville, C. G. Morris of Grand Mound and T. L Dodge of Little Rock were elected directors ot tne reopie a ibi- Jlllulll. . Jtt.y..j - ing of its stockholders held here yes terday. The directors later will elect officers. Mr. Hoss is president of the company, one of the largest independ ent telephone concerns in mo i..i.e, Exchanges are pperated at Rochester n1rvilla utH T.iftfo Rock. The company's annual report, read yesterday, shows sou teiepnones in use. Last year the stockholders received a 10 per cent dividend in addition to the earnings expenaett on improvements. Worker Loses Arms In Explosion. r.iTVWAT nr.. Jan. 18. (SDeciaL) ht v. i 1 1, wrnrVini. nn the hisr Trout Creek irrigation ditch. Rudolph Rudy had both arms Diown on oy me prema lure explosion, of dynamite. FIRST NATIONAL BANK Of Portland, Oregon Capital and Surplus $3,500,000 You may never need a loan from the bank, but when you keep an account in an institu tion like this you have the use of all its facilities, the benefit of the advice and the suggestions of its officers. T PHONOGRAPH CABINET ORDER OF 1000 IS RECEIVED. Otlter Eastern Companies .Expected to Follow Suit of Colombia In Hav ing Branch In West. Portland now 'is developing into a center for the .manufacture pf phono graphs. Within the last few weeks the Car man Manufacturing Company, operat ing a large plant on Macadam road, has undertaken contracts for tbo Colum bia Phonograph Company for the man ufacture of nearly 1000 of their highest grade machines. While the rortland manuiaciory nas been filling orders for this company for the last, two or three years, for a few machines at a time, this is the big gest single order ever received here. Under the terms ot tills contract tne complete phonograph, with the excep tion of the metal parts, is ount ana set ud in Portland. The finished product then is distributed to agents of the company at various points on the Coast. The metal parts of the machine are made in the company's factories in the East and sent to Portland in "Knocaea down" condition. The cases and cabinets then are man- ufactrued here, according to "specifica tions, and the metal machinery fitted into them. The phonofrraph manufacturers. It is understood. Intend eventually to supply their entire Pacific Coast and inter mountain trade from the Portland plant. While only one phonograph company thus far has seen the advantage of handling its Pacific Coast business in this way, it is said that several other large concerns are considering the ad visability of doing likewise. RECEIVER HEARING WAITS Jf. VT. Kountree Gets Postponement In American Life Case. An indefinite postponement was ob tained yesterday in the order of N. W. Rountree to show cause why he should not be ousted from the receivership of the defunct American Life & Accident Insurance Company, and the argument was not heard before Circuit Judge Gatens. Mr. Rountree is defendant in a suit brought by stockholders to have the receivership declared void, and also a co-defendant in the suit of the same stockholders for the return of J80.000 in assets they maintained were illegally transferred to tho Union Pa cific Life Insurance Company. Argument on the demurrers filed by Morton Gregory, president of the Union Pacific Life et al. in the suit brought by M. Whealdon et al., will not be heard until later, at a date not yet determined, COLD SNAP HURTS MARKET Rentals Only $6 Because Vegetables Could Not Be Handled. The quietest period the Tamhill- street public market has had was our ing the cold snap, according to the re nnrt of Marketmaater Eastman, sub mitted to Commissioner Bigelow. The market took in but t ror rental 01 stalls, whereas the usual earningr amount to many times that amount each day. The market was practically .deserted because of the difficulty of keeping rvrnriiirn and narticularly fruits and vegetables. Meat was about the only commodity offered for sale on the market. DAILY; METEOROLOGICAL REPORT. PORTLAND, Jan. 18. Maximum tempera ture. 36 degrees; minimum, 120 degrees. River reading, 8 A. M., -.6 feet: change in last -4 hours, 0.8 foot rise. Total rainfall (5 P. M. to 5 P M.), none: total rainfall since Sep tember 1, 1913, 114. 90 inches; normal rain fall since September 1, 2:1.20 Inchr-s; excess of rainfall since September 1, 1.78 Inches. Total sunshine. 9 hours la minutes: possl kia siimhlnfl 11 hourM 12 minutes. Baroni. eter (reduced to sea level, i V. M., inches. THE WEATHER. Wind Ftsteot Weather STATIONS. Baker Boise Boston ....... Calgary Chicago Denver res Moines . . . Duluth Eureka Galveston .... Helena Jacksonville . . Kansas City . . Los Angeles .. Marshlield ... Medford Minneapolis .. Montreal New Orleans . . New York . North Head . . . North Yakima Phoenix Pocatello Portland Roseburg ..... Sacramento , . . St. Louis Salt Luke ..... San Francisco Seattle Spokane Tacoma Tatoosh Island Walla Walla .. Washington ... Winnipeg 200. 22; 0. 28 0. S0;0. 1010. 2-'i0. "iSw1 12 W ..IW icioudy iciouoy iCIear rClcar eaisw Clear Icioudy iCIear Iclear Cloudy Cloudy 14i0. 4'0. 50l. 4('0. -4 0. B2!0. 20. 5811. 001. . sw 01)118SW 12.. .'N oo;io.vb 00l..W 00L12INW Clear Clear 001 . .ISW Clear 40I.. SW Icioudy , 40 0 00!. . ;S Clear iNW Pt. cloudy HW Cloudy " 'iSnow NE ICloudy 4UU. 14i0. 2 0. 42 0. 22 0. 42 0. 32 0. oil.. 001. . 00!.. ooi . . 00 20 W Clear 00..N Clear 001. .I.VW Clear 60 0 26 ljlK Cloudy f 2V0.' 001.. W Snow Clear ,'u OOI. .K1 02!...B 001. .IsE 32 0 40 0 26 0 40 0 44 0 Cloudy Cloudy Clear Cloudy 00 10INW 0SU4ISB 141. .iNE frt. cloudy 42 0 22 0 42'0, 42 0 100 28 0 100. .00 io n ICIear HE Clear Clear 10-N . .INE ..SW 'Clear Clear ICIear 00.. ISW ICloudy WEATHER CONDITIONS. Th. nnlhwestern disturbance- has In creased in intensity and Is now central over the Basin states. It has caused precipitation from the California coast to the Southern Plains states. A moderate depression is moving southward over Alberta. High pres sure obtains over most of Montana and from tho Plains states eastward to the Atlantic COaSt. ino woainer j wwcr iatin Utah, tha Southern Rock Mountain states and from Texas northeast ward to ths North Atlantic Coast, also in portions of Interior Western Canada. North Dakota ana Minuemi, i. 1 " - A,-nia KnnthAm Nevada, southern Sas ia.hAwfln rntrl Montana. Eastern South Dakota and Southern Florida, Except in The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interests paid on tine deposits. Commercial Letters ot Credit iMaurtl. Exchange oa London, England. Bought and Sold. PORTLAND BRANCH, Corner Second snd Stark Sta. F. C MALPAS, Manager. Northern Utah, Northern Ssskatchewan and eastern isorm uhmiiv, wihihi.iuid, below normal throughout the country. 1QO tlWUlLIVUI O I...I..JB .w. ... soumern luano nrminunj uu .w ally fair weather In the remainder of this aistrict. lemperaiuru in.nic,, o, ., will not be Important. Winds will be mostly northerly. Portland and vicinity Fair; northerly 'Inds. , J Wa.kln.lnn ri.n.ral1v fall. not much change iu temperature; northerly winds. Idaho Fair north, snow soma portion, not much change In temperature Assistant Forecaster. WATER PLANT WOULD SELL Milwaukie Council Hears Suits Now l'endin? Are to Be Withdrawn. rTrnrTTiTP r Tart 1 R Knep.lal.l niUiiiAuniUi vj . . , ,. . - ' W. S. U'Ren, representing- the Mll- wauKie water company, uyi'cw.w. fore the Council laBt night and offered . 1. i... , 1. .nllra ..7 t wrtrkfl Of the 111 U vitj. H V. I. " " - " . company for $6500. He said that the suits pending oeioic uyic would DO witnarawii. The Council tiled the offer postponing llnal action until the case of Minthorne Springs Water Company has been set tled. Mr. U'Ren said that this ease can probably be settled within 20 days In Judse Campbell's court, where It is ,u., rrv,A Minthorne Snrinuru Com pany asserts that it has an exclusive franchise, and that the city must pur its property before installing its own pipelines. Two Bend Banks Re-elect AU. BEND, Or., Jan. 18. (Special.) The two Bend banks have re-elected all of ficers for the coming years as follows: v.tiA.ai r k Tiuriann. president: U. C. Coe and'E.'A. Bather, vice-presi dents; B. M. t.ara, casnieri v. Reynolds and B. A. Stover, sasistant ki...- i- S3 Unrlflnn. IT. C. Coe. Ij. A. Bather. E. M. Lara and H. C. Ellis. directors. Central uregon xann, Cobb, president: D. E. Hunter, vico- Cobb. T. E. Hunter. Thomas Cobb, W. U O'Donnell and tiObB rarnuam, u rertors. TRAVEtBRS' OUIDE. San Francisco Los Angeles (Wltnomt Chans Km Boats) lTie Bis, Clean, . Comfortable. 1 Elesantly Appelated. Keasolns S. S. BEAR Satis From Alnawertfc Dork, S P. M., Jaaoary IS. 100 Colden Hilea Columbia Klver. All Kates lnelada Bertha and MeaU. Table "d Servica Unexcelled. The San Francises) PortlanS S. S. c.. Tblrd and Wshinton Streets o.-W. 11. Pi. .) Tel. Bros, way 4500. A lZt. FRENCH LINE Con.P.gb,oOiTral.Tvr.B-tltiau. Saflings From NEW YORK to BORDEAUX BOCHAMBEAU Jan. 29.3 P.M. CHICAGO Feb. 5,3 P.M. LA TOURAINE Feb. 12, 3 P.M. ESPAGNB Feb. 19. 3 P. M. I'OB INtOKMATIOM AFfLK C W Slinger, Ml nth t.i A. 1 Ch'' t&5 Morrison St.; K. K. Oarrisoa, 0. M. at, KuS .... rtbisnu Hoad Mb ..J bjar- OCEANIC S. S. CO S" spleiHliJ 10.000 Ion twin. screw Aairicsa n"SIEKlU"."S0N0MA" "VENTURA", fru.. Uoyoi 1 00A I). StHms cirrr 2 1 dyi. SYDNEY at letura vis SAMOA sad HONOLULU 1337 58 F,r n.- dudmCHINA-JArAN7S.W. io HONOLULU Hi. SY sJSFeb. 8,Feb. 29Jtfar. 21 D N CY SHORT ura American -Hawaiian Steamship Co. FREIGHT SERVICK 6TRA1TS MAGEIXAX MW VOBK TO TOBTLAND TO BONOI.VI.tI MAR. C. D. Kennedy, Art,, u Htsrlc St.. rortland, AUSTRALIA NEW ZEALAND AND SOUTH SEAS. Via Tahiti snd Rarotonira.. connectlns St Wellington lor Auckland. oyUuey and Australian ports. Regular salllnss from bail Fraucisco Februsry 2, March April Js. and every is days. Kend for pamphlet. Inlon Hteamsblp 'o., of New Zealand. Ltd. Of fire b Market street, raa tranciscos r local b. B. and H. K. Aients. a.