Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Dec. 23, 1916)
THE 3IORNING OREGOMAN, SATURDAY, DECEMBER 23. 101I. EAST BIDS AGAIN Call for Northwestern Wheat Grows Stronger. HIGHER OFFERS JRE MADE Dealers Iook for Resumption of Trading by Tuesday, Vtien Markets Reopen Higher Prices on Iiocal Board. The -wheat market was firmer yesterday than on any day since Lloyd Georse made his speech in the British House of Commons. The Chicago advance of nearly 5 cents put dealers here In a more hopeful frame of mind, aa did the renewal of Inquiries from the East. The bids that came through were more satisfactory than those of the pre ceding day, and led to the belief that by Tuesday, when the markets reopen, actual trade with the East can be again put through. In the meantime, however, a Tuesday la a long way off. and much can happen before then, there was no disposi tion to make commitments. Farmers axe not offering wheat, and have not been on the . market since prices fell off from last month's top. Only a small fragment of the crop remains to be sold and the lots are so widely-scattered that even a revival of demand will not lead to aa active market. At the Merchants' Exchange. bids for bluestem, fortyfold and club were raised 1 cent, and offers for red were 1 to 2 cents higher. Oats bids were a quarter lower and the market was dull. Barley was unchanged. As all Eastern grain exchanges will be closed until Tuesday, there will be no ses sion of the Merchants' Exchange today. Bradstreet reports clearances this week as 8.663.01)0 bushels of wheat and 102,00t bush els of corn. . Argentine shipments are 2.184.000 bushels ef wheat, against 1.228.00O bushels last week and 480,000 bushels last year. Argen tine weather fine; shipments over expecta tions. India Weather favorable for sowing. Acreage estimates materially increased. Australia Raining over wide area and harvesting and movement slow. United Kingdom strength In America cause a very firm feeling, hard Winter held at Is advance. Rumored that American peculators were supporting wheat, notwith standing weakness of future markets. Broomhall says further peace proposals may be forthcoming. Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat. Bar Fir. Oats. Hay Portland, Friday... 18 1 1 8 7 Year aeo 29 6 1 5 10 Season to date. .3168 104 855 1203 1025 -Year ago 8516 1154 822 732 1220 Taaoma. inursaay Year ago 46 22 Season to date ....4078 102 Year ago 59SS 327 Seattle. Thursday.. 19 1 4 Year ago 28 1 19 1 7 212 1170 241 13S6 5 24 20 25 892 2254 Season to date 3372 227 904 Year ago 8B43 1153 1288 635 2448 HOP CROP UNDER LAST YEAR'S Total American Yield Is Reduced Two and Half Million Pounds. The Government December crop report es timates the total hop crop of the United 6fatea this year at 50.537.0O0 pounds, com pared with 52.086.000 pounds last year, the acreage at 43.900 against 44.700 In 1915, the yield per acre at 1.152 pounds against 1.187 pounds, the farm value per pound at 12 cents against 11.7 cents, and the 'total value at $6,071,000 against $6,203,000 last year. The potato crop la estimated at 285.437.000 bushels from 8.650.000 acres, aa compared with 859.721,000 bushel from 3734 acres last year. The average potato crop (years 1910-14) Is placed at 360.772,000 bushels. The onion crop (12 states) is estimated at 0,417.183 bushels against 7,663,712 bushels last year. The apple crop of 1916 Is placed at 67.695, 000 barrels, compared with 76.670.000 bar rels in 1915 and 65.966.000 barrels, the aver age from 1910 to 1914. The average farm value this year Is $2.75 a barrel against $2.07 last year and $2.22 two years ago. The bean crop of the United States is estimated at 8,848,000 bushels against 10, 821.000 bushels last year, and the average farm price per bushel $5.06 aa against $2.69 Jast year. - TTRKEY - MARKET CLOSES FIRM Demand Greater Than Supply sad Clean-Up Is Prompt. Turkey receipts proved to be larger than expected, but the demand was keen, and by noon everything saleable was cleaned ud. Prices were unchanged at 28029 cents for ' the bulk of the sales, while an occasional email choice lot brought 30 cents. Dressed geese were also In good demand and the best were taken at 18 to 20 cents. Xressed ducks were very scarce. Live poultry moved better than usual on a, holiday market and prices were steady and unchanged. Weakness appears to be Increasing In the butter market and a lower price for cubes seems likely in the coming week. Prints are being sold at a wide range of prices, some makes as low as 85 cents in plain wrappers. Eggs held steady at 36 cents, case count. The cheese market is quiet, as usual dur ing the holiday period. An Eastern inquiry lor a carload has been received. LAKGE-SI2TE ORANGES ARB BIOEEB Supply Now Available Runs Mostly to Small Sizes. The holiday demand for vegetables and fruits was unusually heavy up to noon, and stocks In most lines were sharply reduced. Oranges and apples were the best sellers. The former were firm and for large sizes a quarter more was asked. The trade must draw on Southern California from now on, ar.d the oranges there are running to small sizes. In the apple market the inquiry la mainly for fancy stock. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearinrs. Balances. Portland $2.13o,7C3 $142. 0o4 Seattle . 3.121,1(17 411.508 Tacoma 32.531 55.085 Kuokane tU5,519 10B.12S JPORTIAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. 'Merchants Exchange, noon session: December delivery Wheat Bluestem Kortyt'old Club Red fife , Ked Russian Oata o. 1 white, feed.... Barley No. 1 feed Futures January bluestem February bluestem . ... January fortyfold ' February fortyfold .... January club February club January Russian ...... February Russian January oats February oats ......... Bid. Bid. Tr. ago. 1.3J $ .07 Vi , X.3tl . . 1.S4 Vi.si t... 85.00 37.00 -8T .94 .2 .62 23.50 26.00 Bid. $ 1.40 1.40 , -. 1.87 . 1.37 1.35 . 1.85 . 1.34 . 1.34 . 85.25 . 85.50 . 87.00 January barley February barley 87. Ow FLOUR Patents, $7.80; straights, $0.60 T; exports. $6.80; valley, $7.80;? whole wheat, $8: graham. $7.80. MILLFEED Spot prices: Bran, $26 50 per ton; shorts, $30.50 per ton; rolled bar ley. $40 41.50. CORN Whole, $40 per ton; cracked, $47 per ton. HAT Producers' prices: Timothy, East ern Oregon. $19321 per tons timothy, Val- ley, $16 IT per ton; alfalfa, $17 18; Val ley grain hay, $13 15; clover, $12.50. Dairy and Country Produce. BUTTER Cubes, extras, 34c; prime first. 33c; firsts. 32 He Jobbing prices: Prime extras, 38e; cartons, lc extra; butter fat. No. 1, 3Sc; No. 2. 3ttc, Portland. CHEESE Jobbers' buying prices, f. o. b. dock, Portland: Tillamook - triplets, 27c; Young Americas, 23c per pound. EGGS Oregon ranch, current receipts, 33 & 36c per dozen; Oregon ranch, candled, 38 & 40c per dozen; Oregon ranch, selects, 42c. POULTRY Rens. 14 15c: Springs. 15 16c per pound; turkeys, live. 2223c; dressed, 2829c; ducks, 14jj.l7e; geese, ll12c VEAL Fancy, 13e per pound. PORK Fancy. lH4o per pound. Fruits and Vegetables. - Local Jobbing quotations: TROPIUAL. FRUITS Oranges, navels. $2 $233.25; Japanese, -S5c&$1.25 per bundle, lemons. $3.504 per box; bananas, 5c per pound; grapefruit. $2.73; tangerines, $1.25 per box. VEGETABLES Artichokes. 00c3$1.10 per dozen; tomatoes, $1.30(1.75 per crate; cab bage, $22.25 per hundred; eggplant, 25c per pound ; lettuce. $1.S5; cucumbers. $1&1.25 per dozen; celery, California. $4.25 per crate; pumpkins, l$lfco per pound; cauliflower, $2 per crate. POTATOES Oregon buying prices, $1.25 1.40 per hundred; sweets, $3,7544 per hun dred. ONIONS Oregon buying prices, $2.75 per sack, country points. GREEN FRUITS Apples, new, 60c$1.50 per box;- pears, $1.25l.fi0; casabas, 3c per pound; cranberries. $12 12.50 per .barrel. Staple Groceries. Local Jobbing quotations: SALMON Columbia River, 1-pound tails. $2.40 per dozen: one-half flats, $1.50: 1 pound flats, $2.50; Alaska pinks, 1-pound tails. $1.25. HONEY Choice. $3 OS. 25 per case. NUTS Walnuts, sack lots. 18c; Brazil nuts, 19c; filberts, 19c: almonds. 1819c; peanuts, 7c; cocoanuts. $1.10 per dozen; pe cans, IS 19c; chestnuts, 10c BEANS Small white. llVio; large white, 10.S5c: Llmas. 8Hc; bayou, 8c; pink. Sfto; red Mexicans. 8c COFFEE Roasted. In drums. 17985a SUGAR Fruit and berry. $7.60; Honolulu, $7.55; beet, $7.40; extra C, $7.20: powdered. In barrels, $8.10: cubes. In barrels, $s.so. SALT Granulated. $16.75 per ton: half ground. lOOs, $11.30 per ton; 50s, $12.10 per ton: dairy. S14.7& per ton. RICE Southern hesd, 77o per pound; broken, 4c; Japan style, 44140. UKIED FRUITS Apples. 10llc; apri cots. 16?19c: peaches. 8H10c; prunes. tali an. 809c; raisins, 8415c; dates. Per- eian.' 15c per pound; Fard. $2.50 per box; currants, 15 316c; figs. $23.50 per box. Provisions. HAMS All sizes, choice, 24c; standard, 23c; skinned; 21022c; picnics, 14c; cottage rolls. 17c, BACON Fancy. 29HS31C; standard. 25 26c; choice. 1&&24C. DRY SALT Short, clear backs. 17V919c; export. 17 19c; plate. 14 15 He. LARD Tierce basis. kettle rendered. 19Hc; standard, 19c; compound, 16c BAf.atL GOODS Mess beef, S22; plate beef. $23; brisket pork, $31.50; tripe, $10.50 Hops, Wool, Hides, Etc HOPS 1916 crop, 6-SlOHc per pound, HIDES Salted hides (25 lbs. and up). 19c; salted stags (50 lbs. and up), 15c; green and salted kip (15 lbs. to 25 lbs.), 19c; green and salted calf skins (up to 16 lbs.). 32c; green hides (25 lbs. and up), 17c;-green stags (50 lbs. and up), 13c; dry hides, 30c; dry salt hides. 25c: dry horse hides. $12; salt horse hides. $3 5. PELTS Dry Iong-wooled pelt. 21c; dry short-wooled pelts, 17c; dry shearlings, 10 25c each-, salted long-wooied pelts, $101.50; salted short-wooled pelts, 50c TALLOW 89o per pound. WOOL Eastern Oregon, fine, 24030c; coarse, 8336c; Valley, 33 35a, MOHAIR 35 45c per pound. CASCARA BARK Old and new. Stto per pound. Oil. KEROSENE Water white, drums, barrels or tank wagons. 10c; cases, 18ft22c GASOLINE Bulk. 21 Vic: cases. 80c: nap- tna, drums. 1814c; cases, 28c; engine distil late, drums, 10c; cases, 18VsC LINSEED OIL Raw. drums, $1.10; bar rels, $1.08; cases, $1.13; boiled, drums. $1.12 barrels. $1.10; cases. $1.15. lUKftXTiSB In tanks. 67o: la cases. 7Zc; 10-case lots, lc less. BAJT FRANCISCO PRODUCE MARKET Prices Current on. Butter,. Eggs, Fruits, Veg etables, Etc, at Bay City. SAX FRANCISCO. Dec. 22. Butter Fresh extras, 84c; prime firsts, 33c; fresh firsts. Esei Fresh extras, 38c; pullets, 83c. Cheese New, 16c; Young Americas. 20c Poultry Hens, 19(&20c; old roosters, 11 12c: fryers, 22a,23c: broilers. 27 to 30c: large, 22 23c; squabs, ' $2 2.50; pigeons. $1.2o1.75; ducks, 13jjpi4c; geese, liylic; turkeys, live, 23 J) 26c. Vegetables String beans. 2025c; fancy, 15c; limas. 8 iff 10c; le'ttuce. &0'a75c; South ern, 75c&$1; peas. Southern, large, 10 g 12c; Summer squash. Southern. S5cfii$l: cream squash. $11.25; . tomatoes. South ern. 50i&t;5c; fancy. 75c; eggplant, 812Vfcc; green peppers, 1517c; garlic, 4ij.4Vsc: sweet potatoes, cellar stock, $2.73; celery, $3.5004 crate; garden, 20g30c bunch; rhu barb, $1(&1.25: marrowfat and hubbard squash, 85ctg-$l. Potatoes Rivers, $2g2.25. Onions Car lots. $3 6 3.25. Fruit Grapes. 50;75c; cranberries. $9.50 O10; pears. Winter Nellls, $1.75; perslm mons, 5565c; lemons, $3(g-3.50; limes, $l(j$ 1.25; grapefruit. $2.25Q2.50; naval oranges. $2 50 5-2.75; bananas, $1.50(1.75; pineapples. $..OOftz.7u; apples. Newtown pippins, $1 ill); Heiieneur. siai.iv. . Feedtuffs Cracked corn and feed corn meal, uncertain; rolled barley. $45147; al falfa meal. $20.50, carloads; lee than car loads, S-l.DO. Receipts Flour, 1284 quarters; barley, 16.890 centals; beans, 895 sacks; potatoes. 5050 sacks; onions, 75 sacks; hay, 415 tons; hides, 420; wine, 6900 gallons. WOOI. MARKET IS LESS ACTIVE Prices at Boston Hold Well and May Ad vance. BOSTON, Dec. 22. The Commercial Bul letin will say tomorrow: The wool market has been less active during the past week, speculative buying having decreased very materially, although demand from the mills has been of fair proportions. Prices are firm as ever and the general opinion Is that they will hardly decline and may advance). The gooda mar ket appears to have been marking time and spinners and combers report a quiet trade. A few contracts have been placed In the West at about last week's basis of prices. Scoured basis Texas Fine. 12 months. 95c$l; fine. 8 months. 8588c; California Northern. 8590c; middle county, 80S-82c; southern, 68 70c Oregon Eastern No. 1 staple, $11.05: eastern clothing, 93 Q 95c; Valley No. 1, 90 92c. Territory Fine staple, $1.1091.12; blood combing, $11.05: three-eighths-blood comb ing, 9092c; common and braid, eo&asc; fine clothing, B092c; fine medium cloth ing, 85 87c. Pulled Extra, tl.05igl.10: fine A, 98c$l; AA, 90695c; A supers. 83 3 85c. Coffee Futures Market Narrow. NEW YORK. Dec. 22. The market for coffee futures was very much less active to day and fluctuations were narrow. The opening was unchanged to 5 point higher on a little scattered buying, which ma. have reflected covering or replacing by some of the sellers on yesterday's early news from Washington, but otherwise there was very little demand and prices eased off slightly under realizing. The market will not re open until next Tuesday morning and the irregular fluctuations probably reflected evening up for over the three-day adjourn ment. The close was net unchanged to 4 point lower. December. s.SGc ; January, 8:45c; February, 8.53c; March, 8.01c; April, 8.6Sc: May 8.70c: June. 8.S2c: July 8.SSc; August. 8.93c; September. 8.99c; October, 9.02c; November, 9.11c Spot, quiet, but steady; Rio 7s, 9c; Santos 4s. 10 Sc Cost and freight offers were reported about unchanged with Santos 4s quoted 8.90c f. o. b. Brazil, American credits. The official cables showed an unchanged market at Rio and advances of 10O to 150 reis at Santos. Naval Stores. SAVANNAH. Dec 22. Turpentine, steady. BSHc; sales, 4 barrels; receipts. 243 barrels; shipments, barrels; stock, 22,016 barrels. Rosin, firm; sales, 769 barrels; receipts. 1358 barrels; shipments, 43 barrels; stock. 94.543 barrels. Quote A, B. C. D. E, $6; G, H. $6.05; I, $6.10; K, $6.20; M, $0.40; N, $6.80; WG. $7; WAV. $7.20. Dried Fruit at New York. NEW YOI.K, Dec 22. Evaporated ap ples, dull. Prunes, firm. Peaches, firm. - Hops. Etc., at New York. NIW YORK, Dec. 22. Hops, quiet. Hides, steady, ' Wool, steady. LIST HAS UPTURN Stock Losses of Mid-Week Are Recovered. NET GAINS ALSO SCORED Bethlehem Steel Treads Advance With 2 6 Points Investment Baying Is Feature of Day's Uively and Strong Market. JTEW TORK, Dec. 22. Rallies of 3 to 10 points In active stocks, with 18 for Gulf States Steel and . 26 for Bethlehem Steel, denoted the extent of today's rebound of prices from the hysteria of the preceding session. At the high levels many stocks showed recovery from their reversal of that memorable - period and others registered actual gains over final prices of the mid week. Improvement began at the outset, over night developments affecting the Interna tional situation being a potent factor. The advance was Impartially distributed among standard shares no less than speculative Issues, and the shorts covered with far more alacrity than they had sold. Investment buying of the character which waits for such opportunities as yesterday's market f ferred. also helped by their steady buying to bring about a speedy readjustment Realizing sales to effect quick profits and occasional but very cautious short selling caused reactions of 1 to 3 points before midday, but these were more than regained in the final hour, when the general average of prices was highest. lotal sales amounted, to 1.775,000 snares. some 1,400.000 under yesterday's almost un precedented turnover, the differences, how ever, being wholly in favor of the con structtve side. United States Steel led the recovery 'in greater measure than It led yesterday's de cline. At the best quotation of the day 10794 It made an extreme gain of 6 points on transactions amounting to about 40O.O00 shares. Allied stocks like Crucible Lackawanna and Sloss-Sheff leld Steels and Republic Iron regained 5 to 7 points, the snipping division 8 to 13. equipments 5 to 13, Central Leather 11 H. with 8 points for American Hide Sz Leather preferred, an average of about 6 points for copper and other metals, 5 to 12 for motors, 8 to 12 for oils. 6 for sugars, and almost as much for American Woolen. General Electric and vari ous miscellaneous or unclassified stocks. Rails of virtually all descriptions divi dend payers and low-priced Issues were higher by 2 to 4 points, the latter being in especial demand. , International bonds made further gains, except Paris 6s, which forfeited some of yesterday's advance. Total sales, par value. $4,150,000. United States bonds were un changed on calL CLOSING STOCK QUOTATIONS. Closing 6ales. High. i2 47S 05 , 70 106 10O 125 ?4 39 83 14 si 82 41) i -i'U 107 S7'.i 65 ' a 91 120 Vi :;5 'A 65 45 "4 23 H 5 Vi 32 35 18 1174 35 107 17 57 '. '03'" 2?4 45 "67 t sou 21 1TK 103 OO14 2:n 14 53 138 110V4 20 5V 26 i 105 97 4 334 112 Low. 8 "46 03 103 ?4 loo ii 125 35i 70 1U2 Va ;s 83 81 45 24 104 UO 12414 33 . 214 41 21 f.5 34 V4 167 110 104 161 5314. bid. Am Beet Sugar.. 32,4jo 89 i 47 American Can. . . 8, 0O -AmCarAFdry.. h.MiO. American Loco. . 18.50O Am Sm & Refg.. 22.300 Am Sug Refg. . . 2.600 Am Tel & Tel.... B.30O Am Z Li S 4.5O0 Anaconda Cop. .. M.600 Atchison .. 4,3vO Baldwin Loco. . . 33.70O Bait it Ohio 3.800 6514 105 10S 12514 3714 103 S 014 Br Rap Transit.. 70O 82 48". kB & S Copper. .. . 6.100 cam Petroleum. 10.7')O Canadian Pacif.. 4,000 Central Leather. 44.0i;0 254 164 H 87 Ches & Ohio 7.200 64 ?i 91 4 Chi Mil & St P... 6.2O0 Chi & N W 900 C R I & P Ry.... 17.500 125 34 unino cop w la.ooo Colo Fu & Iron . . O.oO Corn Prod Refg. 22.600 64-4 4: 23 Crucible Steel .. . 31.300 5U Ulst securities. . &.600 Erie 2JS.70O General Elect. . . 2.2O0 Gl North pfd. .. . 2,500 Gt Nor Ore ctfs.. 7,700 Illinois Central.. 7V Int Consol Corp.. 2.0tK Inspiration Cop. 88,600 Int Harv NJ Int M M pfd ctfs. 47.400 K C Southern. . . 1,700 Kenneco't Coo. . 43.7O0 28 34 167 M 11 I 3514 IOHIA Hi 7 11814 . 8S 14 2.V' 25 42 5 Louis & Nash 141 96, 37 21 Mexican Petrol.. Miami Copper. .. M K 4 T pfd. . .. Missouri Pacific. Montana Power. National Lead.. Nevada Copper.. N Y Central N Y N H 4 H . . . . Norfolk & West. Northern Paclf .. Pacific Mall Pac Tel & Tel... Pennsylvania. . .. Ray Consol Cop.. Reading Kep Ir & Steel. .. Shat Ariz Cop. . . Southern Pacif... Southern Ry . ... Studebaker Co. .. 17.S0O 7,500 200 700 1.400 20O 34.50O 10.6H0 2,300 2.2O0 3,000 1.200 s",3o6 13.30O 83.200 19.500 4.200 S.fiOO 48.200 ll.SOO 3.600 93 30 20 14 16 . 10014 o 103 51 l:;5 los 13 "o5 24 102 IV . 2a f'6 82 30 07 14 140 83 103 10314 117 9614 29 90 1T14 101 60 23 J H 52 4 135 4 110 13 33 r.6H 26 14 104 Vi 76'i 28 14 97 111 211 Texas Company.. 212 14S4 83 1124 107 118 . I'll 80 h 11 a Union Pacific... 20.2'to do pfd 3.000 TJ S Ind Alcohol. 2U.0O0 U S Steel 40T.100 do pfd 2.800 Cbah Copper. .. . 43.100 Wabash pfd B... 2.S00 .Western Union. . 3.700 147 83 llltt lOl 11SH 101 30 '4 us Westing Elect. .. 12.0O 55 63 55 Total sales for the day. 1.775,000 shares. BONDS. U S ref 2s reg. .'90 jXor Tsc Ss. . . 60 100 106 . 02 . !IS 92 .105 .101 . 93 do coupon . . . . '.l Pac TAT Si.. V S 3s reg 100 Pa con 4 s do coupon loo s p ref 4s... TJ i 4s reg 110 Union Pac 4s.. do coupon . . .1101t ; LT P cv 4s.... Am Sm 6S 100 U S Steel 5s.- Atch gen 4s..,. 94S P cv 5s NYC deb 6s 111 AnElo-Fr Bs... Nor Pac 4s 94 Bid. Mining; Stocks at Boston. BOSTON, Dec 22. Closing quotations: Allouex 62 IN Butte 23 Aria Com 13 Old Dom B4 Calu & Arts 7SiOsceola 9)f Calu & Hecla. ..525 Qulncy 87 Centennial 19 Shannon ....... 9 Cop R Con Co.. 64Superlor 13 E tsutte cop u..jot sup ft tios Al... o franklin 8 Granby Con .... 89 Greene Cana. ... 42 Lake Cop 12 Mohawk 96 Tamarack 45 17 4 48 Ltah Con . Winona . . Wolverine Money, Exchange, Etc NEW YORK. Dec. 22, Mercantile paper, 44 per cent. Sterling. 60-day bills. $4.71; commercial 60-day bills on banks, $4.71; commercial RO-day bills, $4.70; demand, $4.75; ca bles. $4.76. Francs, demand 5.84: ca bles. 5.83. Marks, demand, 74; cables. 74. Kronen, demand, 12; cables. . 12. Guilders, demand. -40; cables. 40. Llres, demand. 6.88; cables, 6.87. Rubles, demand, S0 ; cables. 30. Bar silver. 75 c Mexican dollars. 5S c Government bonds steady; railroad bonds firm. Time loans firm. Sixty and 90 days. 4 3 4 per cent; six months, 4414 per cent. Call money firm. High, 4 per cent; low. 2 per cent; ruling rate, 4 per cent; last loan, 3 per eecttcloaing bid. 2 per cent; offered at 3 per cent. BAN FRANCKCO, Dec 22. Sterling on London, $4.71; demand, $4.75; cables. $4.76. LONDON, Deo. 22. Bar silver. 86 U-16d per ounce. Money. 4 per cent. Discount rates, short bills, 5Q5 per cent; three months, 35 per cent. Stocks Weak at London. LONDON, Dec. 22. In the American sec tion metal stocks were weak, with United States Steel touching 105. on the Stock Ex change here today. Metal Markets. NZW YORK. Dec 22. Copper, nominal. Electrolytic, first, second and third quar ters, 80.50 S 32.50c. Iron, steady and unchanged. Metal Exchange quotes tin weak. Spot offered at 40.75c At London, spot copper, 141 10s; futures, (135 10s; electrolytic, 154. Spot tin, 177; futures. 179. The Metal Exchange quotes lead, 7.62 7.75c.' Spelter, quiet. Spot, East St. Louts de livery, offered at 10c. At London, lead, 30 10s. Spelter, 53 15a. . Livestock Comes to Portland. GRANTS PASS., Or., Dec 22. (Special.) The first community shipment of stock ever made from this point was sent to Portland last night. It consisted of ft carload of cat tle and hogs. The stock was assembled among the farmers, and each Individual's portion will be sold separately. Each animal was marked with a "hair brand." and return will be made, to the owner according to what his own stock brings in the Portland market. The ehlc-ment was made through the agency of the Josephine County Agricul tural AuviBor uoara. SPECtXATION ON BEDrCED SCALE Peace Talk Hu Soberln Effect on All Markets. NEW TORK. Dec 22. Bradtreef to morrow will ny: Talk of peace In Europe, easily the fore most factor of the week, has had a four fold effect. It has produced uncertainty re garding the time when peace may come to pass, developed conservatism as to new far off business, tended to shade heretofore highly keyed views as to prices and buying, and for a spell caused widespread liquida tion in speculative market quotations. In sum the net result has been of a sobering character, bringing In its wake less marked speculative ambitions, and more temperate views as to the permanency of present high prices. Weekly bank ciearincs are 0.41 9, 01 3.0O0. CATTLE MARKET IS FIRM ALL, CLASSES ARE SOW lit ACTIVE DEMASTJ. Receipts Continue Llgrht Hogs Steady t Unchanged Prices Lambs at Ten Cents. Cattle continue tho firm feature of the local livestock market. Prime steers sold at the yards yesterday at $7.60 and $7.05 and other -cattle brought good prices, qual ity considered. Hogs were steady, with the bulk of sales at $9.60 and $9.70. There was another sale of a small bunch of lambs at $10 and sheen sold within the prevailing range of prices. Receipts were 133 cattle, 459 hogs and 8043 sheep. Shippers were: A. L. bwieert, Athens, 1 car hogs; T. J. Brown, Baker. 1 car .cattle: J. W. Chandler, La Grande. 1 car cattle: F. A. Hagerdorn. Bunnynlde, Wash., 1 car catt'.e; John Crate. The Dalles, 11 cattle by boat; D. E. Myers.-) imoier. 1 car hoes and sheep: J. hlttaker. inaepencence, 1 car nogs and sneep; J. fc.. Smith, Newberg, 1 car cattle and hogs 8. L. Overton. Brownsville. 1 car cattle and nogs;. H. J. Harris. Redmond, 2 cars cattle and hogs: lnion Meat Company, Lyle. 2 cars sheep; John Mlnabury. Plymouth and Pasco, 10 cars sheep. The day s saies were as follows: Wet. Pr. Wgt. Pr. 3 cows... 700 $3.25 11 steers. lOyO 7.65 2 cows... 670" 4.00 2 steers.. 88O 3. 50 3 heifers. -H0 6.0O 2 steers.. 705 5.00 1 steer... 630 4.50 1 steer... 760 6.O0 1 steer. ... 740 5.30 13 steers. . 1023 7.10 oShogs... 387 9-60 13 steers. . 1074 7.U0 3 hogs... 335 8.601 1 steer... C00 6 00 3 hogs... 183 8.00 2 steers.. 385 4.00 S3 hogs... 180 9.C0 lsteer... 10SO 7.00 4 hogs... 133 8x23 14 steeas.. 1149 7.25 14 hogs... 239 9.60 6 cows... 918 6.0O 6 hogs... 243 9.60 2 cows... 910 4.50 1 hog.... 420 8.60 4 cows... 10V5 6.00 2 hogs... 110 8.00 2 cows.... 820 4.00 14 hogs... 140 8.25 lcow.... tS0 5.75 72 hogs... 107 9.70 2 cows... 10:15 5.00 lhog.... 840 .60 2 cows... 1170 COO 2 hogs... 2oO 8.00 4 cows... 1075 4.75 Shogs... 348 8.70 lcow.... U5u 4.50 lhog.... 260 9.75 lcow.... H70 5.00 12 hogs... 174 9.0O lstag 1410 4. SO 102 hogs... 187 9.40 1 heifer.. 102O 5.50 7 hogs... 198 9.60 2 heifers. 075 4.00 lhog.... 150 8.00 J heifers. 910 6.50 2 hogs... 330 8.70 2 heifers. 445 3.25 42 hogs... 182 9.60 2 heifers. 855 6.50 5 hogs... 134 8.O0. 1 heifer.. 80 4.50 83 hogs... 212 9.70 2 heifers. 605 3.75 S3 hogs... 107 9.60 1 heifer.. 610 5.5 lhog.... 230 8.75 2 heifers. 573 4.00 16 hogs..." 120 8.0" 3 heifers. 750 4 50 17 lambs.. 84 10.00 1 bull 910 3.25 4 lambs.. 115 0.5O 1 bull 10!M) 3.25 12 yearl'gs 108 8.50 lbulU... 1200 4.O0 17 yearl'ss loS 8.50 13 calves.. 400 4 00 2ewes... 65 6.00 ' 1 calf . 120 7.00 2 ewes. .. 15 6.75 1 calf. ... 230 8.75 7 ewes... 70 .tHi lcalf.... loo 6.50 8 steers.. 10S2 7.5X1: Prices ranged as follows: Cattle Steers, prime .......... Steers, good Steers, common to good. Cows, choice ........... Cows, medium to good . Cows, ordinary to fair Heifers Bulls Calves Hogs Prime Good to prime mixed... Rough heavy .......... Pigs and skips Sheep Lambs Yearling wethers Old wethers ............ Ewes .$.757.75 . 6.40 a 6 75 . 4.25 rn 6.25 . 5.50 U 6.50 . 8 25115 50 . 4.505.00 . 6. 00 r0 6.00 . 2.75 5.00 . 8.00 & 7.00 . O.r.OITO.75 . 9 40950 . 8.50(9 10 . 8.008.75 T nnwin 00 . 7 50WS75 . 6.75 67 00 Omaha Livestock Market. OMAHA. Dec. 22. Hogs Receipts. 12.000 head; higher. Heavy, S'.l.v0!9 10.20; llKht, $f .00 't 1"; pigs, $7.75(8.75; bulk of sales, $9.S0tt 10. Cattle Receipts, 1900; lower. Native steers, $7.50 ?p 11. SO: cows and heifers. S.25; Western steers, $6.500.25: T-xaa steers, $6:3 7.25; stockers and feeders, $6? 8.25. Sheep Receipts, 4800; steady. Yesrllngs, $S 25 10.75; wethers, $S.559.50; lambs, $12 Sf 13.10. Chicago Livestock Market. CHICAGO, Dec. 22. Hogs Receipts. 30, 000: strong, 10c nbove yesterdays average. Bulk, .0O'5; 10.30: light. $9.50MlO.2 mixed, $.S0i-10.40; heavy, $.904j 10.45 rough, Z9.UO10; pigs, $7.7ov9.35. Cattle Receipts. 30OO; strong. Nativ beef cattle. $7 4 11.75; Western steers. $7 10; stockers and feeders. $58.10; cows and heifers. $:l.85el0; calves. $Ssf 11.75. Sheep Receipts, 50(M; ntrong. Wethers, 'j(iu; lamos, au.ii.io. Extra Dividend on Cora Products. NEW YORK. Dec. 22. The Corn Products Refining Company has declared an extra dividend of 0 per cent on the preferred stock to the account of accumulated unpaid dividends on that issue. A quarterly dl Idend of 1 per cent on the preferred stocc also was declared. The previous quarterly atsDursement was 1 per cent. ' New York ugar Market. NEW YORK. Dec. 22. Raw sugar quiet Centrifugal, 5.14c; molasses, 4.27c. Refined ami; line granulated. 7.05c. Daluth Linseed Market. DULUTH. Dec 22. Linseed on track an arrive. $2.86; December. $2.83 bid; May, a; Juiy, $2.88 nominal. Cotton Market. NEW YORK. Dec. 22. Spot cotton quiet. oiiuunng upiana, xo.zuc ro sales. Chicago Dairy Market. CHICAGO, Dec 22. Butter, unchanged. Eggti Receipts, 2807 caaes; unchanged. GAS LEAK KILLS BATHER Victim of California Accident Is Buried at Ccntralia Home. CENTHALIA, Wash.. Dec. 22. (Spe cial.) Details of the death of William Miller in Santa Rosa, Cat., on Sunday were received yesterday by his parents. Mr. and Mrs. W. P. Miller. The youn man went to his room to take a bath. It is believed he accidentally brushed against the valve of a. mas water heater, as the valve waa partly open when th body waa found en hour later. All ef fortg to revive Mr. Miller were fruit less. A Coroner's Jury returned a ver diet of accidental death by asphyxia tion. Mr. MilleVs funeral was held here yesterday. In addition to his parents, he is survived by three brothers and two Bisterg. The latter are Mrs. Georgia Lombard, of Santa Rosa; Mrs. O. C. Nordlund. of this city, and George, Leo and Orange Miller, all of Centralla. LeBam Defeats Monteeano. LEBAil, "Wash.. Dec. 22. (Special.) In the monthly debate between the Lebara High School and the Montesano High School representatives here, the decision was rendered to the local de baters. The Lebam delegation sup ported the affirmative 1 side of the question on compulsory military train ing. Both sides showed that they were well prepared. Lebam outdoing Its op ponents in delivery as well as argument- The Judges were Professor Mur doc,k. of Montesano, Wash.: Professor McArdle. of South Bend, Wash., and Professor Robertson, of Frauser, Wash. Read The Oresonlan classified ads. RALLY IS PROMPT Wheat Market Responds to Heavy European Buying. CLOSE AT CHICAGO STRONG Export Trade Double Amount Pre viously Estimated Rumor ot Warlike Reply by Allies to Germany Adda to Buoyancy. CHICAGO. Dec. 22. Assertions thst ex port business today was on a large scale and that European acquisitions yesterday had been double the amount which had been cur rently estimated were chiefly responsible tor decided upturn today in the price of wheat. Closing quotations were strong, 2c to 4c net higher, with May at $1.67 to $1.68. and July at $1.SS to $1.33. Other staples, too, showed gains corn, c to lc; oats, c to lc. and provisions 5c to 35c. Peace uncertainties made the wheat trade nervous during the first hour or so. opln tons being greatly at variance as to how the news at hand from London. Washington and other capitals should be Interpreted. The puzzle found no solution thst was generally accepted, but It served to keep the market rapidly - fluctuating meanwhile within 114 cents of yesterdsys lateat figures. Then advices were circulated that the British commission again was In the market as an active buyer of wheat. A decisive advance In values then began and was accelerated by gossip that a big fleet ot steamers sooo would arrive at the Eastern seaboard to reileve the existing freight congestion there. rtumors tnat a wariiKe note irom tn entente allies to the central powers was orthcomlng did a good deal to Increase the bullish sentiment near the end of the ees-: sion, when shorts wei;e evening up for the three holidays ahead, beginning tomorrow. It was not until after the close that many traders were aware of the foundation of the rumors, a Petrograd dispatch available early In the mornlng and to the effect that the formal answer to the German offer of a peace conference would be as already out lined by government officials before the Russian Duma. In corn as in wheat, trade was not heavy. but the market displayed considerable firm ness after an easy start. Scarcity of rural offerings helped to a material extent to harden prices. Oats followed closely the movements of other cereals. Speculative shorts were the chief buyera Provisions were neglected. Higher quota tions on hogs formed the main basis ot strength. Leading futures ranged as follows: WHEAT. Open. High. ..$1.63 $1 68 .. 1.38 1.33 CORN. .. .91 K .93 .. .91 .03 Low. fi.e-jH 1.34 V May July 1.33 V. May PIS July OATS. .. .B2'4 .5.1 .. .49 .01, MESS PORK. May July .SI H .53Vi .51 Jan. May 2T.10 i!.70 LARD. ...15.85 15.07 ...1S.93 16.12 IT 10 S6.62 27.10 Jan. May 15.P2 10.10 15 05 SHORT RIBS. 13.8T 13.S0 1.30 l-.l'i Jan. 13 ST H.-7 May Cash prices were: Wheat No. 2 red, 1.0S: No. 3 red. fl.61; No. 2 hard, nominal; No. 3 hard, nominal. Corn No. 2 yellow, 93i04c; No. 4 yel low. 91H 93Kc: No. 4 white, 92H93c. Oata No. 3 white, nominal; standard, 514 52c. Rye No. 2. $1.32. Barley 8 5c tfi$1.20. Clover $12 y 17. .Timothy $3.50(93.50. Foreign Grain Markets. LIVERPOOL Dec. 22. Cash wheat, steady and unchanaad to Id higher. LONDON, Dec 22. .arroea on passage, unchanged; corn, firm. Kaatern Wheat Futures. DULUTH. Dec. 22. Wheat closed: De cember, $1.70H: May, $1.73H; July. $1.6os. WINNIPEO. Dee. 22. Wheat closed: De cember, $1.71i: May. $1.74. KANSAS CITY. Dec. 22. Wheat closed: December. $1.07ii; May. $L83U: July. ST. LOUIS. Dec.fc2. Wheat closed: De cember. $1.71r. May, 1.87H: July, $1.37. Minneapolis Grain Market. MINNEAPOLIS. Deo. 22. Wheat May. $1.7374 : July. Jl.BS. Cash. No. 1 hard. 1. . J W 1. .3 7t ; Iso. 1 Northern l.TOi 1.73 's; No. 2 Northern, $l.t57 1.71'. Flax. $i Sli &-2.6S. Barlt-y, 7ftc$1.0j. drain at Kan Franclwo. SAN FRANCISCO. Dec. 22. Spot quota- nuns wan. - u., . z t, t : red Nman 2 .g2 OJHj : Turkey red, $2.73 it 2.80: blue- stem, i.7Tj sz.so; Jeed barley. $2.17i i-.-ii: wnita oats. i.5i.7i,; bran. $8.5o -'.'; middlings. $a7s3S; ihoru, $3oi31. Call board Barley. December. $2.16 bid. $2.50 asked; May, $2.20i Sales, 120O tons Puget Sound Grain Markets. SEATTLE, Dsc. 22. Wheat Blueartem $1.44; Turkey red. $1.40: fortyfold. iiu club. $1.30; fife. fl.SS; red Rusataui $1.33. Barley. $37 per ton. Yesterday's car receipts: Wheat 19 oata o. baney l. corn a, cay I'l, flour 4. TACOMA. Dec 22. Wheat Rln..l.m $1.40; fortyfold. Ji.S; club and red fife, $1.37; red R use tan. $1.35. Car receipts: wheat 23, hay 221, oats 1. DEFRAUDER IS PAROLED C. -W. Mathews Ordered by Court to Make Restitution. C. W. Mathews, found grullty of obtaining- money by false pretenses by a jury in the court of Circuit Judge Davis Thursday night, waa sentenced to torn one to five years in the Peni tentiary and 'paroled yesterday. Complete restitution In the case on which he was tried and also other deals he was connected with, necessitating- the repayment of money and interest to the total of about $1000, was a condition of the parole of Judge Davis. Mathews was found grullty of defrauding- Orella Buzza of $250 by giving- her what was represented to be a first mortgage on a parcel of prop erty, which, in reality, was a second mortgage. The Jury recommended leniency. ALUMNI DEBATE IS HELD icliolas Jaureguy Wins at Eugene , on Third Trial. UNIVERSITY OF OREGON, Eugene. Dec 22. iSpecial.) Nicholas Jaure guy. of Tacoma, Wash., president of the Associated Student!, won first place in the annual Oregon alumni medal con test, held for debaters in Guild Hall, Tuesday night. This was the third time he has competed for the medal, againet very great odds. Lewis Beebe, of Bost wick.. Neb., won second place. Eight debaters competed in the con test. Earl Fleischmann. of Eugene; Nicholas Jaureguy. Tacoma; Rosalind Bates, Eugene: Lewis Beebe, of Bost wick. Neb.; Vivian Keliems, Eugene; Don Davis, Nyssa, Or.; C. N. Patterson, Eugene, and . Carlton Savage, of Wa co nd a. Or. Semaphores to be erected In city streets to regrulate traffic, but which can be operated from building's by elec tric buttons, have Ueen invented. We offer the unsold portion ef " ' " ' $350,000 Port of Seattle, WasH. Yz COUPON GOLD B0XDS Dated April 1, 1916 Due Serially 1932 to 1957 Assessed Valuation 1916 Total Debt Population, Corporate limits identical with King County These bonds having; a nation-wide market are exceptionally desirable for private investment. Price Net, 4.25. Income Tax Exempt Lumbermens Capital and Lumbermens Bldci Portland. Or. FISHING LAW DRAFTED ORGANIZATIONS INDORSE ATTI TUDE OK JOSEPHINE! REI1JKTS. l's of Seine or Set Xet In Roarue River Opposed, hot lirlft et of 8-Inch .Mesh Favored. GRANTS PASS. Or.. Dec. 22. Sne- cial.) The special committee from the Josephine County Fish and Game Pro tective Association submitted Its report last night, embodying its recommenda tions regarding proposed legislation af fecting Rogue River fishing. The re port waa adopted by the association, and later was indorsed bv both the Grants Pass Commercial Club and the local fishermen's union. The latter is an organization composed of the com mercial llshermen. The report opposes the uee of the seine or set net in the waters of the Rogue, but approves the use of the drift net, with mesh of not less than BVi- inches ror the taking of Chinook salmon from April 15 to August 15 of each. year. Opposition to the seine is based upon Its injury to the steelhead trout. ''The seine has been used only by the fishermen at the mouth of the river, where two canneries are located. Ten per cent of the fifih brought In at every haul of the eeine are said to be steelheads. and. while the lawrenuires that they be returned to the river, they are an so oruisea ana mangled in the seine that few of them live. IRELAND BIDS ON FLAX High Price Offered for Foreign De- livery Counter Tender Made. SALEM!, Or., Dec. 21. (Special.) At a meeting- of the State Board of Con trol today It developed that Oregon flaxseed has a new market opening be fore it. A cablegram was received from Agnew & Hamilton, large importers of Belfast. Ireland, offering $14.40 & bag for flaxseed, or V4.ll a bushel, f. o. b. Belfast, a bag representing 3H bushels. Superintendent Crawford explained that heretofore these importers received all of their flaxseed from Holland, but war conditions have wiped out the Hol land production. The Board decided to cable the Belfast concern that it would deliver 4000 bushels of flaxseed, as de sired, at the rate of $2.75. f. o. b. Salem. This Is about 30 cents a pound more than can be procured here. DOUGLAS LEVY 13.5 MILLS Hate Hlglier but Return Will Xet Less as Grant Land Is Omitted. ROSEBUKG. Or.. Dec. 22. (Special.) At a special meeting of the County Court, held here today, a tax levy of 13. S mills was fixed for the yaar 1917, The levy Is based on valuations total ing $27,876,156 and will raise $376.- 328.10. Of this sum $73,662.75 will be turned over to the state as Douglas County's apportionment of the state tax. Although -the levy for the year 1917 Is a trine more than a mill greater than that of the present year, $20,000 less money will be raised. This Is due to the fact that approx imately $6,000,000 worth of Oregon & California railroad lands which were on the tax rolls last year have been omitted from this year's valuations. FRUIT UNION PLAYS SANTA Salem Firm Disburses $50,000 to loganberry Growers. SALEM, Or.. Dec. 21. (Special.) The Salem Fruit Union placed Santa Claus tonight when Its secretary, Rob ert Paulus, mailed checks for $50,000 to loganberry growers in this section. The checks were for payments on the last half -of this year's fresh crop. The union, with these checks, has now paid more than 1100.000 for this year's fresh crop, and Also more man $100,000 for the dried crop. The latter amount represents payment for a por tion of the crops for the last three years. The fresh loganberry crop In cluded 1700 tons, while the dried ber ries represented E00. 000 pounds. SHIP LURCHES; MAN DIES Breakwaetr Passenger Falls Over board Off Tillamook and Drowns. MARSHFIELD. Or.. Dec. 22. (Spe cial.) Walter Agrnew, 26. fell overboard into the Bea Thursday afternoon from the steamship Breakwater oft Tilla mook when the vessel lurched during a heavy sea as he stepped out of a cabin. Passengers on board watched the unfortunate man struggling in the water and waving his arms to the boat for help, but he disappeared before the ship could be turned to pick him up. Agnew was going home to California to spend Christmas with his mother. The man was dressed heavily and was wearing: a mackinaw. GRAPPLER REFUSES TASK Body of JIlss Hrbacek Not Sought Because of'Iliver Stage. SALEM, Or., Dec 21. (Special.) Hugh Brady, municipal grrappler of Portland, consulted today in reference to dragging the Willamette here for .... $262,556,998 6,100.000 335,000 Trust Company SurpliusjSSOO.OOO. First Natl Bank Bids, Sao Francisco. the body of Miss Lallan Hrbacek. sup posed to have been drowned a week ago, discouraged the undertaking set on foot by her father. John Hrbacek, when b said the river was too high. Mr. Brady thought the body probably l.i somewhere near the mouth of th North Mill Creek In this city. Effort on the part of the parent to get as sistance of the county and city In drag ging also failed. Tax Levies Fixed. PENPT.KTON", Or., Den. 22. (Spe cial.) The total tax levies against In corporated towns of the county are aa follows: Adams. 20 mills: Athena, 27 a mills; Echo, 27 H mills; Freewater, 32 1, mills; Helix, 13 mills; Hermiston, 34a mills; Milton. 2T.'-i mills; Pendleton. 261, mills; Pilot Rock. 251, mills; Stan field, 25H mills; ITmatllla. 29Vi mills, and Weston. 31 H mills. A cargo of 400 tons of cocoa recent ly arrived in London from the former German colony of Cameroons. Before the war the colony was Germany's chief cocoa-prodtK-ing colony, and from Cameroons and Togoland she derived 4000 tons a year. TRAVELERS GflDE. San Francisco Los Angeles (Without Chun fie En Route) Th nir. Iran. Comfortable, tlf'tcuntly Appointed. Sen; Ding S. S. ROSE CITY bail from Alnnworth Hock S P. M. SATI'ROAY. DEC. S3. 8. 8. NORTH WESTERN SulU Dec. ii. 100 ftnlrirn Miles on Columbia Klver All ICalra Include llrrlli-. and Mrili Table anil Servica I neaeelted. The San Kran-Icn A Portland S. S. Co., Third and Wanhiuctau Mreet (with .-. K. Ai N. -.). 'lei. Broadway A 6171. 7 k mm liHhia . Jr Santo UueuoM Aires ''in T Monte viUro Kio ur Janeiro S. S. Vaulmn levemler SO. 1:30 P. M. S. S. Itrron J:trnirv 20. 1 P. M. S. b.. Vtfsail frrtiniary 3. 7 A. M. . . ri iu February 11. 11:30 A. M. 1 r.D0-t'n stertmers luxuriously equ.pf! with every convenience. Especially dMigned for travel In the tropica. Good accommo dations rin a vn ''ahle. (ompanv'i Of fire, 4 '2 BroadtviiT. X. Y. Tnr-ey It. Smith. Third and Washington St. Lamport holt line VTWIN PALACES GlMmMHOiOTrMK Tortlar.rl to Pnn Francisco S. S. NORTH- FUN PAC I Fit. ilM train time. Sail ings Dec. 14. -i. Cal. Str. Express leaves !:T0 A- M. Farea tS. tlS.SO. $1j. 17.:.0. S. S. (iKKAT NOR1HF.KN. San Franelsc arid I.oa Anfci t-i il'Mioltilu. December 15: Jan. . 2H: Feb. Ill: March 5. 1:3: April 11. 30. $u;0 round trip, and up. I rf h Rank. 6th HtarB 1 Mat Ion. loih and !! - Stl & Mnr., N. I'. Ry. I 14 uti.. U. N. Kr. I 10U tl. ilurlli.gtun Ry. rf h Hank, sin mars TICK FT San Francisco $10.CO Coos Bay $7.00 Eureka $15.00 Flrat-Claan Meala Included. and Berth SS. KILBURN SI. TUESDAY. DEC 26 6 P. 122 Third Street. Phones Main 13l4t A 1314. ALAS K A rrtnre K upOTt. Kl'h i kaa. V ran rlt. rtTfbnrr. J linen n. TffidwfH I oueIm, mud N-wird. CALIFORNIA Via Fatt ur tsa n tTiniciro to Le Anieiei Mud an Uieco. Largest ablp-v unequaid service, low rates, lucludiai mis and berth For particulars app!y or tcephon PAC1HC STEAMSHIP COVANT. Ticket Office. S4 Washington SU fac. alatn Z2S. lioioa A 2?tt. AUSTRALIA KEW ZEALAND AND SOUTH SEAS Via Tanltl and Rarotonca. Salllnra front San Frn.-ico Jan. 3. Jan. 31. Feb. iS. Max. 2a and every is daa bend for pamphlata. IN ION 8. S CO. OF NEW ZEALAND. Z3U California St.. Ban trlacixe, or lwnl atcani.hln ud railroad Otfaadoe, S2