24
THE MORXIXG OREGOXIAX, TUESDAY. DECEMBER 12. 1922
COLO WAVE BOOMS
MIUFEED TRADE
Supply Not Equal to Demand
in Northwest.
HIGHER PRICES IN SIGHT
1 lour Market Also Has Upward
. Tendency ; Bluestem Bids
Advanced Two Cents.
A I Lhough the wheat market in the
main was quiet, bluestem bids were ad
vanced 2 cents at the merchants' ex
change and January soft white, hard
winter and northern spring were up 1
cent.
With Big Bend bluestem worth $1.63
or more and ordinary bluestem $1.50, the
finur market is naturally in a firm po
sition with a good foundation for an
advance. Even stronger than flour is
the mill feed market. The cold weather
has caused a sharp increase in the de
mand and stocks are so low as to cause
some anxiety to millera. An early rise
in the price of millrun is looked for.
Thi rally in the Chicago wheat market
was due to anticipation of a cold wave
likely to endanger much of the winter
crop. With ail deliveries touching a
new hiph price record for the season,
and with Liverpool quotations failing to
r-flfict fully the advance scored Saturday
on this side, many bulls decided that the
tune was opportune to turn their con
tracts into cash. The large volume of
celling which resulted met with per
sistent new buying, based apparently on
proposed legislation to authorize credits
t' farmers and exporters. It was only,
lioweviT, after issuance of an official
forecast of widespread zero weather that
bulls: got much advantage. Although the
outlook pointed to snow preceding the
cold wave, possibility existed that large
areas might be caught without suffi
cient protection and that serious crop
damage would ensue. Buying which this
chance induced was chiefly in the July
delivery. On the other hand, slowness
of export trade terided somewhat, to
tool tho enthusiasm of would-be pur
chasers and caused the market to have
a two-sided aspect when the session
citjne lo an end.
Tho daily Chicago wire to the Gray
Rosenbaum Grain company follows:
"Wheat strong undertone. Liberal
profit taking responsible some setback.
World's-weekly shipments (1.000. 000 less
than last week. Stocks afloat decreased
J.onu.iKiii. Visible supply increase dis
uppniiitinff. Important buying July
wheat on breaks outstanding feature
bast-d on prediction much colder weather
and fear frost danger. Do not anticipate
much break."
Liverpool wheat closed KfolUd higher.
Buenos Aires opened unchanged to e
higher.
The Australian surplus of the 1921-22
crop u said to be about S6.000.000 bushels.
Terminal receipts, in cars, were re-pc-tfd
by the merchants' exchange as
follows:
Portland AVht. Brly. Fir. Cn. Ots. Hy.
Monday 37 . . . 10 3 2 16
Vfr ago 307 2 IS . . . 5 17
S.-ason to date.lltiH.i 344 ftitf 333 40i) 9".9
Year ao 18130 128 116S 256 508 865
' Tacoma
Saturday
32
4
1 5
S2 356
82 462
rear ago .... 42
Season to date 37114
Yeur ago tsm
Seattle
Saturday . 3t
8 1
r.17 200
SJ20 123
20
12
10
t car
26 1337 621 322 819
Vear ao .
4628 121 1225 475 27
Astoria
Saturday
Season to date 4
COAST APPLES IN BRITISH MARKETS
Oregon Newtowns Bring- Top Prices at
London Sales.
The British apple markets for the
week ending December 2 were reported
as follows, with prices based on 23 cents
to the shilling:
Hoxes
London Washington Jonathans, extra
fancy, $2. 15 2.40; fancy, ? 1.02 2.15;
I'hoice, $1.81 Ci'2.04. Grimes, all grades,
S2.151r2.26. Newtowns, all grades. $2.15
f-1' 2.60. Oregon Newtowns, all grades,
k:.173.-S. California Newtowns, all
grade. $2.402.60.
Liverpool Washington Jonathans, ex
tra fancy, $1.872.26; fancy, $1.702.09;
choice. .$.70 1.75.
Manchester Washington Jonathans,
-xtra fancy, $2.042.15; fancy, $1.9S
2.0',i; choice. $1.87l-04. Spitzenbergs,
alt grades, $1.92 & 2. King Davids, all
grades, $1.70 fa 1.92. California New
towns, all grades, $2.602.94.
Barrels, all grades
London Virginia York Imperials,
:.4.0Si& 5.66. New York R. I. Greenings,
.S4.07ffr4.53.'
Liverpool Virginia York Imperials,
S5.43&6.U. Ben Davis, $4.53 5.21.
(ianos, $5.21. New York Grimes. $5.43
5.64. Maine Baldwins, $3. 66 ti. 11.
Manchester Virginia York Imperials,
Mi.56i7.24. Winesaps, $4. OS 6.11. New
York Baldwins. $4.534.98; Rhode Island
Greenings, $3.73 g 4.53.
Glasgow Virginia York Imperials,
4.30$r6. Ben Davis, $4.19g?4.9S. New
York Baldwins, $4.07. Ben Davis, $4.75
4.08.
FOREIGN BITTER AFFECTS MARKET
Kttstern Prices V nsettled by Imports
From Abroad.
The influence of foreign butter threw
tne eastern markets out of balance. At
New York, where most of the foreign
liutter arrives and is consumed, the ef-
r.'ct of importations is felt most; at
Chicago to a lesser extent. The recent
importations, rumors of large orders and
some further purchases acted as a cheek
in the New York market, with the result
1 hut at the opening of the week the
price of 92 score at Chicago was 2c
higher than New York Instead of about
l',c lower, as Is usual. This has had
the effect of increasing receipts at Chi
cago and increasing business at New
York, and by the close of the week the
unusual ratio of prices was partly cor
rected. The markets on the whole
worked to a little firmer position.
Only 1200 casks of Danish butter ar-
Fresh Eggs Wanted
"We have a dependable market
for Fresh Hennery Eggs. We
pay hiphe-st market price
quick returns.
Sinclair Provision Co.
475 EVERETT ST.
Turkeys, Geese, Ducks
WANTED
We have shipping orders to fill.
Best prices guaranteed.
Prompt returns.
The Savinar Co., Inc.
100 Front St. Portland, Or.
INTELLIGENT PRODUCE
MARKETING
nutans higher returns for farm produce.
juit old hit or mins plan and try our
in.-w methods before sending any produce
it market. Write, find out when and
how and ship. Results will surprise you.
our U years' experience is at your
RUBY & CO., 215 FRONT STREET
POBTJ-AXD. OR.
rived last week instead of 2000, as was ?
expected, and in some quarters Danish
offerings were less liberal at firmer
prices. Some Canadian butter continues
to arrive, but this is quickly absorbed
Several cars of Califarnia butter are on
the way to New York and Philadelphia,
but this is expected to have little effect.
Some production reports show an in- ;
crease but the storage withdrawals were
neavy, ana tne preliminary storage re
port bullish.
There was a general lack of life to
the butter market at San Francisco dur
ing the past week. Prices had a down
ward tendency, declining c from Mon
day to Thursday. However, following
active demand Friday for two days'
needs, the market closed very firm and
2 score advanced 1c, making a net gain
of c for the week. The advance was
larger than expected and was due to
a temporary shortage of butter, follow
ing the shipment of four cars to eastern
markets. Dealers think that the ad
vance at the close will not hold next
week, when more supplies are available.
Medium and undergradea were very
scarce and sold at a small range below
fancy butter.
Cold storage holdings show a continued
heavy reduction. The preliminary cold
storage report, showing United States
holdings over 17,000,000 pounds Jess than
last year, caused a firmer undertone, but
reports of heavy shipments of New Zea
land butter to New York counteracted
this to some extent.
LOCAL APPLE MARKET STEADY
Prices in East Make Poor Comparison
With Year Ago.
Apples wera steady locally with a mod
erate demand. Hood River reported car-
lot sales of Newtowns at $1.50 for ex
tra fancy small to very small. Yakima
winesaps sold at $1.65 for extra fancy
medium to large;- $1.15 for fancy me
dium, and Romes brought 90 cents for
choice large to very large.
A comparison of pricea in the eastern
markets- now and a year ago on north
western extra fancy Jonathans is here
given:
This Season
. ..Jt.T5-2.00
Year Ago.
$3.00-3.25
2.75-3.00
2.00-2.25
2. 00 -3. Oft
2.75-3.00
w York . .
Boston
Philadelphia
Chicago
Kansas City
LOO -2. 50
. .. 1.75-2.00
. . . 2.00-2.25
. .. 2.25-2.50
Spitzenbergs.
Carlot shipments for the season to
November 25 compare with the same
period last year as follows:
This Last
Season -Box
areas 24,762 42,023
Barrel areae 42,804 24,416
LOCAL BUTTER PRICES ADVANCE.
Three-cent Rise Will Take Effect This
Morning Eggs Lower.
Print butter prices will be 3 cento
higher in the local market this morning
at 51 cents for parchment wrapped. The
buying price of butterfat will be raised
4 cents. A similar " advance will take
place in the Seattle butter market, where
shipments to the east have had a
strengthening effect. Cube butter
cleaned up closely in the local market
yesterday.
Eggs were weak and lower in spite
of tli-e colder weather. The association
cut its selling prices 2 cents on selects
and firsts. Pullets were unchanged.
Poultry and dressed meats were steady
with light receipts.
Vnskilled Labor More Plentiful.
The surplus of unskilled workers
throughout the Pacific' coast increased
materially in November, due largely to
termination of agricultural activities. J.
A. Kelly, San Francisco district director
of the employment division, United States
department - of labor, declared in his
monthly report. Building and lumber
ing are still going forward, however,
where weather permits, and a slight
improvement in railroad repairs is noted.
An abstract of Mr. Kelly's survey of
conditions in Oregon follows:
"Seasonal employment in fishing and
fruit industries has terminated. Lumber
and logging continues normal. Building,
highway and other construction is slack
ening. Unemployment is noted princi
pally in larger centers and probably
will increase during the next 30 days.
Business in smaller communities con
tinues about normal."
Visible Wheat Supply Increases.
The American visible wheat supply
statement compares as follows:
Bushels. Increase.
December 11, 1922 ..34.30S.OOO 880,000
December 12. 1921 . .47,337,000 426,000
December 13. 1920 .48.408.000 5,281,000
December 15, ltiltt -.85,084,000 2,106.000
Decrease.
The coarse grain visible statement com
pares: Bushels. Decrease.
Corn
December 11, 1922
December 12, 1921
Oats-
.11,986.000
.15,950,000
364.000
432.000
December 11,
December 12,
1922
1921
..31,427,000
. .S, 129.000
M 0,000
1,029,000
Rye
December 11, 1922
December 12, 1921
Barley
December H, 1!)22
December 12, 1921
Increase.
.. 8.713.0'lO
.. 0.25G.OOO
1,571.000
590.000
2.S34.000
3,425.000
50.000
106,000
Sugar Declines 15 Cents.
All grades of refined sugar were re
duced 15 cents a hundred, jobbers an
nounced yesterday. The list price on
cane granulated is $8 a hundred. The
advance follows similar declines in Cali
fornia and the east.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follow:
Clear
Balances.
$1,095,184
1,767.834
823,806
2,309,000
Portland $6,241.1151
Seattle 5.S(I2.11.'I
Spokane 1,802,935
Tacoma transactions
PORTLAND MARKET QUOTATION'S
( j rata. Flour, Feed, Etc.
Mercharts' Exchange, noon session:
December. January.
Wheat
Hard white
Bid.
Ask.
Ak.
.si.no
. 1.25
$1.50
1.23
1.22
1.17
1.10
1.16
35.00
36.50
Soft white ...
Western white
Hard winter .
Nor. spring . .
Western red . .
1.22
1.16
1.18
1.16
Oats-
No. 2 36-Ib nat.. 35.00
S8-!b. naturals 36.25
Barley
37.50
36.00
37.50
36.00
44-lb. minimum
Corn
No. 2 E.Y. Phip.33.50
No. 3 E.Y. Ship.33.00
35.00
34.50
S3. 00
32.60
34.50
34.00
FLOUR Family patents,
$7.60 per
barrel; whole wheat. J6.S0: graham,
$6.60; bakers' hard wheat, $7.10; bakers
bluestem patents, $'-35; valley bakers,
$6.10; sfaights. $5.95.
MILLFEED Price f. o, b. mill; mill
run, ton lots, $35; middlings, $47; rolled
barley. $4143; rolled oats, $44; scratch
teed. $46 per ton.
CORN White, $41; cracked. $43 per
ton.
HAY Buying prices, f. o. b. Portland.
Alfalfa.-$19 19.50 per ton; cheat, $19
19.50; oats and vetch. $22; clover, $19;
valley timothy, $22; eastern Oregon tim
othy, $23.
Bntter and Country Produce.
BUTTER Cubes. extras, 45c lb.;
prints, parchment wrapped box lots. 51c;
cartons. 52c. Butterfat. 53c delivered
Portland; staticm buying price. A grade,
50$ 52c.
EGOS Jobbing prices: Front street,
candled ranch. 5051c; selects. 53c;
pullets, 45c; association selects. 53c; as
sociation firsts, 51c; association pullets.
45c.
CHEESE Tillamook triplets, price to
jobbers, x. o. b. Tillamook, 30c; Young
Americas. 51c; longhorns, 31e pound.
POULTRY Hens, 14 22c; springs,
17 20c; ducks, white, 1820c; geese,
ISc ; turkeys, live, 27 2Sc ; dressed,
choic. 3ft 38c
VEAL Fancy, 12Hc per pound.
PORK Fancy, 13c per pound.
Fruits and Vegetables.
Local jobbing quotations:
FRUITS Oranges, navels. 56c: Jap
anese, $2.25 per bundle; lemons, $10$11
box: grapefruit. 53-757.50 box: bana
nas, 10 C? 11 He lb.; casabas, 24c ib.
pears, i 2 ft 2. aO ; grapes. 9 lfc lb. ;
aopleB, 75c $2.50 per box; cranberries,
$7 per box, $22.50 barrel; pineapples,
$T(ps$7.50 per box.
POTATOES Oregon. 60 & 90c per
ppek; Yakima, 85c $ 1.50 per sack; sweet
potatoes, 33c lb.
ONIONS Oregon, $22.25 per sack.
VEGETABLES Cabbage, 1 1 c per
lb.; lettuce, $4 4.25 per crate; garlic.
15 20c lb. green peppers, 25c lb.; toma
tces, 4 $3.50 per box; Hubbard squash,
li2c lb.; beets, $1.75 per sack; tur
nips, $2 2.25 per sack ; cauliflower,
$'?252.50 per dozen; celery. 8ocS1.15
dozen ; pumpkin, 1 2c lb. ; spinach,
$1.25 per box; carrots. $1.50 per sack;
artichokes, $1.85 per dozen; sprouts, 15
ft 17c pound.
Provisions.
Local jobbing quotations:
HAMS All sizes, 28 32c per pound;
skinned, 31c ; picnic, life ; cottare roil,
2&c per pound.
BACON Fancy, 89 46c; choice, 820
36o; standards, 2830c
LARD Pure, tierces, 17c per pound.
DRY SALT BACKS 20 23c ; plate
IS cents.
Staple Groceries.
Local jobbing quotations:
SUGAB aaok rasis Cane, granu
lated, 8c pound ; beet, 7.80c pound.
NLTS rtainuts, i5f&30c per pound;
Brazil nuts, 131 5c; almonds,
2hc; peaouta, 88c; filberts, ID Q 25c;
pecans, 3uc ; chestnuts. 16 40c; hickory.
14c per pound.
RICE Blue Rose, 66c lb.
eOFFEE Roasted, bulk, in drum,
20fe399c per pound. -
SALT Granulated. barrels, $2,609
2.65 ; hau ground, tons, 50s. $17 ; lUOa,
$16.
DRIED FRUITS Dates. 11c per
pound; figs, 15 22c per pound; apples,
12 14c per pound; peaches, 15c; prunes,
Sis; 13c; apricots, 27 & 31c
BEANS Small white, 77&c; pink,
7&c; red. 7c; lima. lOftc lb.
HONEY $4.505 per case.
Hides, Hops, Etc.
HIDES Salted hides,. all weights, 0c;
green hides, all weights, 8c; salted bulls.
14c; salted or green kip, 11c; hair-slipped
hides and skins, half price; flint drj
hides, 15c; flint dry calf and kip, 15c;
dry salted hides, 12c; culls and dam
aged, half price. Horse hides, green or
salted, each $22.50; colt skins, 50c
$1; dry horse, 75c$l with mane and tail
on.
SHEEP PELTS Dry sheep pelts, long.
23c; dry sheep pelts, short, llsc; dry
sheep pelts, pieces, ll&c; dry shearlings, j
vu-u, ,f n- oi., BiliLcu jjeitjs, tuiift, eatu
$l(jrl.50; salted pelts, short, each 75c
$1.25; salted shearlings, 10 50c; salted
goats, long. $1 2 ; salted goats, short,
50c $1 ; dry goata, long, per lb., 15c ;
dry goats, short, each 25 50c; goat
shearlings, 10 20c.
TALLOW No. 1, 05c: No. 2, 4hd
5c per pound; grease, 34c per pound.
CASCARA BARK New peel, 8c par
pound; old peei, 8c per pound.
OREGON GRAPE ROOT Per lb., 7c.
HOPS 1922 crop, 7c per pound.
"WOOL Valley wool, fine and half
blood, 3540c; three-eighths blood, 82
35c; quarter blood,-3032c; low quarter,
2527c; matted, 2225c.
MOHAIR Long staple, 45c, delivered
Portland; short staple, 40c; burry, 25c
per pound.
Oils.
LINSEED OIL Raw, in barrels, $1.10;
5-gallon cans, $1.25; boiled, in barrels,
$1.12; 5-gallon cans, $1.27.
TURPENTINE In drums; $1.82; 5
ialloii cane, $1.97.
WHITE LEAD 100-pound kegs. 13!ic
per pound.
GASOLINE Tank wagons and Iron
barrels, 25c; cases, 26c per gallon.
DISTILLATE Tank wagons and Iron
barrels. 18 tec per gallon.
Lumber.
The following are direct quotations on
Douglas fir and represent approximately
prevailing f. o. b. mill prices in carlota
and are based on orders that have been
negotiated: Pre
vailing Flooring High. Low. Price.
1x4 No. 2 VG $51.00 $49.00 $49.00
1x4 N&. 3 VG 45.00. 41.00
1x4 No. 2 & B, SG.. 39.00 38. Ml 38.00
1x6 No. 2 & B, SG.. 42.00 40.00 41.00
Stepping
No. 2 & B 70.00 60.00
Finish No. 2 and better
1x8 10-inch 58.00 53.00 56.00
Casing and base 63.00 60.00
Ceiling
x4 No. 2 & B 40.00 36.00 37.00
1x4 No. 2 & B 40.00 37.00 33.00
Drop siding
1x6 No. 2 & B 41.00 39 00 40 00
1x6 No. 3 37.50 36.50
Boards and SL No. 1
lxS-10-inch SIS.. 19.50 13.50
lx!2-inch 22.00 20.50
Dimension No. 1 S & E
2x4 12-14 18.50
Planks and smail timbers
4x4 12-16 S 4 S 22,50 19.50
3x10-12 12-10 S 4 S. 24.00
Timbers 32 feet and under
6x6-8x10 S 4 S 24.00 21.23
Lath
ir 4.50
18.50
21.50
Oregon Bond and Banking
News.
A. M. "Wright; vice-president- of the
United States National bank, returned
Saturday night from Astoria where he
went to offer his assistance to the bank
ers of that city in shaping their future
plans. "It is not a pleasant spectacle
to see the devastation that the fire
tiiusea, aeciarea air. w right yesterday.
"The citizens of the town are going to
work with a determination and un
doubtedly will rebuild over the ruins an
even greater Astoria than the one de
stroyed." The manner in which the $15,S66,700
issue of Dunlop Tire & Rubber corpora
tion tirst mortgage 7 per cent bonds was
uiapuauu vx. jwicruay indicates cieariy an
improving tendency In the bond market.
Within Iwo hours after the books were
opened the entire issue had been dis
posed of by the syndicate. M.'.P. Grif
fith, local manager of Blyth Witter &
Co.. which organization was in the syn
dicate, reported that the issue had been
oversold by roon.
For the purpose cf making a study of
actual conditions in the sheep and cattle
raising sections of Idaho, Charles H.
Stewart, vice-president of- the North
western National bank, will leave for
Boise tonight. Mr. Stewart almost out
of habit keeps in touch with the Idaho
stockmen and farmers. During the war
period he was in charge of the federal
reserve b.ink in Salt Lake City and had
much to do with the financing of Idaho
agriculturists.
Announcement wr.s made yesterday by
the bord of directors of the Northwest
ern Electric company that they have
voted another dividend on stock of the
concern, payable January 2. This makes
the --.1st s-uceess-.ve dividend to be iaid
hy the company without a miss. Stock
holders of the original preferred stock
of the company got 6 per cent on their
investment. Those who have purchased
first preferred stock o' later issues re
ceive 7 per, cent. The company will ex
change 7 per cent stock for the other,
giving nine shares of the new stock for
ten of the old.
G. E. Miller, president of the bond
firm that bears his name, left yesterday
for the east for a six weeks' visit. First
he will visit hi3 parents in Iowa and then
SA to Chicago, Indianapolis and other
cities of the centril states and east.
D. Taylor, vice-president of the Hal
sey Slate hank, put in an appearance
here yesterday. It is seldom that Mr.
Taylor make a visit to Portland but he
is well known in financial circles here.
Cameron Sou ires, assistant cashier of
the Ladd & Tilton hank, was ack on
the job yesterdny. He returned during
the week-end from a week's visit in
California.
.
L. M. Knettle. vice-president of the
Krcttle State bank of Pomeroy. Wash,
was In Portland for the week-end. He
reported that his section cf the country
was experiencing a severe cold spelL
Chicago Horse Market.
(By Chicago Tribune Leased Wire.)
CHICAGO, Dec. 11. Best heavy draft
ers. $1752.50; fair to good drafters,
$150175; poor to fair drafters, $7S
150; good to choice wagon horses, $75
125: plain wagon horses. $fl075; - good
to choice farm chunks, $50'ai25: poor to
good farm chunks, $25 75 ; blemished
chunks, $2050.
Coffee Futures Higher.
NEW YORK. Dec. 11. The market for
coffee futures closed at a net advance
or o to 10 pomts. Sales were estimated
at about 10,000 bags. December, O.S4c;
January. 9.66c; March, 9.47c; May, 9.15c;
July. 8.S5c; September, 8.37c-
Spot coffee, quiet; Rio 7s, lie; Santos
4S, loqffioc.
Sugar Market.
. NEW YORK, Dec. 11. Raw sugar,
centrifugal, 5.78c. Refined, granulated,
7.107.25c.
SAN FRANCISMO. Dec. 11. -California
Hawaiian raw sugar, o.ttsc. '
Hops at New Tork.
MW hjkk., uec ii. Hops, quiet;
state, i(sc; raeinc coast, 13:
ItiQlSc; 1921, liaise
esorsTOPii'
EAGHED BY1I
Strong Undertone Is Shown
. in Chicago Market.
SENTIMENT IS BULLISH
Much Speculative Trading Xoted
and Selling Largely in Way
of Profit-Taking.
BY CHARLES D. MICHAELS.
By Chicago Tribune Leased Wire.)
CHICAGO, Dec. 11. All deliveries of
vheat and oats as well as December
corn sold at new high figures for the
season today and while the markets
wt-re called upon to absorb an immense
amount of profit taking the undertone
v.-as strong. At the last wheat vra.a o
lower to c higher: the latter on July.
Corn was He higher to "34c lower, oats
Hlc higner anu rye Mc lower to
Mc higher.
- Buying of wheat was of an excellent
class and in the May was headed by
commission houses with eastern con
nections that have been persistent buy
eis of late. The July is attracting more
attention and was taken freely through
out tho day. the forecast for fir and
colder weather over the southwest where
the crop is without snow protection being
a big factor. Selling was largely in the
way of profit taking.
Export Demand Slow.
Export demand was rather s'ow, al
though around 90,000 bushels hard win
ters was said to have been taken at the
gulf for near east relief purposes.
Routine developments have little effect
at the present time and sentiment on
the whole Is decidedly bullish with a
marked broadening in the speculative
trading. Receipts were 72 cars with
premiums about unchanged. December
corn acted tight at the start and sltot
up to 73c on scattered buying that
found little for sale. Later long grain
came out freely and a reaction followed,
but the trade generally believe that
there is a large outstanding interest, and
the disposition is to get out of the De
cember as fast as possible. Deferred de
liveries had a range of less than 1c,
profit taking being in evidence early,
but on the breaks there was aggressive
support. Country offerings were some-
wn more liberal. Receipts of 820 cars
were the largest in weeks, but due
mainly to country dealers filling con- ,
tracts lor shipment by December . 15.
Oats Rise Sharply.
A buying order for December oats
yhich came in the last few miautes of
trading carried that delivery up very
sharply, and there were selling orders
in the pit well under 4ti14, which was
tne nnai price, that were not filled.
Houses with northwestern and Omaha
connections were good sellers of the May
while at Minneapolis cash houses bought
May freely. Receipts were 278 cars.
Houses with eastern connections were
persistent buyers of May rye and, while
there was a dm at one time in sym
pathy with wheat, the undertone was
strong. Export sales of around 1,500.000
uushels were reported as having been
made to Germany in the past few days.
The two northwestern markets had 105
cars.
The grain markets have all the ap
pearances of going higher.
Temporary reactions are to be ex
pected from time to time, but the trend
is regarded as higher. . Longs take
profits on bulges and buy their grain
back on breaks so that the markets are
not congested on either side as was the
case today.
All indications point to speedy enact
ment of legislation for assisting the
farmers in this country and consumers
abroad throug-h the extension of credits.
The Gould plan for exporting our sur
plus calling for a fund of 1250,000,000 for
extending foreign credits 6 to 0 months
was a big factor. Barney Baruch in
an address at the farm bureau federa
tion here today said that had the credit
plan been existent early this season
grains would not have sold as low as
they did and prices now would be much
higher. The farm, bloc have a great
deal of power and are regarded as
strong enough to pass all the credit
bills, as the Harding" administration is
with them.
There was a great deal of selling of
corn and oats by the largest comijriis
sion houses on the bulge and free ab
sorption or the offerings on the breaks.
In all a good sized trade was on. At
times it was hard to buy or sell without
aiiectmg values
, Buffalo reported 30.000,000 bushels
grain afloat there, part to unload and
or Canadian wheat have been very heavy
"
December oats are working hierher.
Buying of 150.000 bushels at the last
advanced the trice lc to 4Gi. the hest
of the season. Contract stocks here are
$21,000 .bushels In public houses, an In
crease of lo6,000 bushels last week.
-
With a stock of only 1,492.000 bushels
wheat in Chicago afe- the close of lake
navigation there Is practically no wheat
on the market here except hedging sales
from the northwest and against Areren
tina wheats. It places the market in a
strong position for a higher level of
prices.
If there is to be an advance In grain
prices by the extension of foreign credits,
rye specialists say that grain should
show more' strength than wheat. It is
figured that with lake navigation closed
that Chicago is now on a basis where It
can compete with Canada on an all-rail
basis.
The daily Chicago market letter re -
ceivea ny tne wci u t-j tv ot v-uuive -uui-
nany of Portland follows:
Wheat Nothing developed to indicate
any change in conditions, hut the market
today was inclined to hesitate m its
upward course, with December delivery
particularly weak. The July appeared
to be more in favor, owing to the pre
diction ot low temperatures tor tne
southwestern portion of the winter wheat
belt, which would be harmful to the
growing crop on account of lack of snow
protection. Cash wheat premiums were
a shade easier in Chicago, as well as
in northwestern markets, but offerings
were well taken by millers at the re
duced -prices. The visible supply state
ment showed no change of consequence
for the week despite the fact that it
included 1,529.000 bushels of domestic
wheat afloat at Buffalo not previously
listed. The seaboard failed to confirm
any export business. Undoubtedly the
most important factor of the day Is the
determination of administration officials
to bring about better conditions for
agricultural interests by establishing
more elastic credits in the Interior and
by broadening the export outlet by au
thorizing the war finance corporation to
finance foreign prain shipments. The
market has excellent foundation for a
further rise and we continue to feel that
advantage should be taken of recessions
to make purchases.
Corn Showed considerable strength
early in the day, led hy the current
months, which sold at aii increased
premium over the deferred positions.
The advance, however, attracted suf
ficient realizing to bring about a re
action. Receipts In the local market
were liberal, but the demand was cor
respondingly improved and spot prices
were well maintained. The visible sup
ply showed only a very small increase
in face of larger receipts in all markets
last week. Western advices reported
feeding demand good and some evidence
of car situation again tightening up..
TJntJl there are definite indications of
the commercial supply overwhelming the
demand, we believe that declines will be
temporary and not far extended.
Oats Held within a comparatively
narrow range featured by selling by
longs which was well absorbed. Receipts
of 250 cars met a good demand at Satur
day's basis. Country offerings to arrive
reported moderate. Any improvement in
shipping demand would undoubtedly
stimulate Increased activity and a higher
market In the futures.
Rye Trade was quite active with con
siderable HciIdation in evidence from
time -to time, but offerings well 'taken
by cash interests on small declines. The
cash market was strong", with premiums
& siia.de iileher. Although the eeabo&rd
failed to confirm any export business, f
there was said to be a good demand (
just unuer marKet quotations.
Leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
Dec $1.221i $1.22 $1.20vi $1.214
May 1.20 1.21 1.19 S 1.20 H
July 1.09 1.10 1.09 1.10
CORN. '
Dec 73 .13V- .72 .7H
May ;.71V4 .71 .71 .71
July .71 .71 .70H .70
OATS.
DfC 45 .464 .4, .4S4
Slay 44 .45 .441. .44
July . .4114 .41 .40?, .41
LARD.
Jan. 19.10 10.22 10.10 10.12
Ali-y 10.40 10.50 10.40 10.42
SHORT RIBS.
Jan 10.10 10.17 10.10 10.17
May D.ilO 9.90 9.82 9.82
Cash-prices were:
Wheat No. 3 red, $1.31; No. 2 hard,
$1.34 1.24.
Corn No. 2 mixed, -7474c; No. 2
yellow, 7475 l-5c.
Oats No. 2 white, 4648c; No. 3
white, 4546J4c
Rye No. 2, aSoDc.
Barley 65 67c.
Timothy seed $66.75.
Clover seed $1520.
Pork Nominal.
Lard-$10.75.
Ribs $10.5011.50.
Cash ' Grain Markets.
Furnished by Jordan-Wentworth & Co.,
Portland:
ST. LOUTS, Dec. 11. Wheat: No. 2 red,
$1.34; No, 3 red, $1.301.33; No. 2 hard,
$1.21.
Corn: No. 2 mixed, 73M:74c; No. 3
mixed, 72c; No. 2 yellow, 75c; No. 2
white, 7474c.
Oats: No. 2 white, 46c.
OMAHA, Dec. 11. Wheat: No. 2 hard,
$1.14'&1.18; No. 3 hard, $1.1201.14.
Corn: No. 2 white. 66c; No. 3 white,
63c; No. 2 yellow, 67 6Sc; No. 2
mixed, 66c.
Oats: No. 2 white. 4242c.
KANSAS CITY, De7. 31. Wheat: No.
3 red, $1.201.21; No. 3 hard, $1.13
1.20.
Corn: No. 2 yellow, 73c; No. 3 yellow,
73c.
DULUTH, Dec. 11. Flax: $2.45.
Primary Receipts.
CHICAGO, Dec. 11. Primary reecipts,
wneat, 2.635,000 bushels versus 1,73.8,
000 bushels; corn, 1,820.000 bushels ver
sus 2,443,000 bushels; oats, 1,343,000 bush
eis versus 604,000 bushels.
Shipments Wheat. 1,276,000 bushels
versus 706,000 bushels; corn, 694.000
bushels versus 701,000 bushels; oats, 667,
C00 bushels versus 458,000 bushels.
Clearances Wheat, 348,000 bushels;
corn, 350,000 bushels; oats, 61,000 bushels?
flour, 28,000 barrels.
Carlotsi Minneapolis, wheat, 845; corn.
SO; oats, 90. Winnipeg, wheat, 764; oats,
97; rye, 29. Duluth, wheat, 242; rye, 78;
fax, 3. Kansas City, wheat, 313; corn,
01; oats, 23. St. Louis, wheat, 124; corn,
90; oats, 37. Omaha, wheat, 115; corn,
103; oats, 24.
Minneapolis Grain Markets.
Furnished by McCauI-Dinsmore Grain
company of Portland.
wneat .no. 1 dark northern, eood to
fancy, to arrive, $1.23 1.35 : fancy
No. 1 dark northern, $1.20 1.36 ; No,
1 dark northern, $1.22 1.28 ; to ar
rive. $1.22; No. 1 northern, $1.20 (g
1.27; to arrive, $1.20: fancy No. 2
dark northern, $1.24 1.31 ; No. 2 dark
northern, $1.18 ; No. 2 north
ern, $1.161.22; fancy No. 3 dark
northern, $1.20 (&1.26 ; No. 3 dark
northern, $1.13 1.20 : No. 3 northern,
$1.12 1.19; No. 1 dark hard Mon
tana, $1.21 1.27; to arrive, $1.21
1.27; No. 1 hard Montana, $1.18
1.21; to arrive, $1.18 1.20 ; No. 1
dark hard Minnesota and South Dakota,
$1.181.20; to arrive,' $1.17
l.la; Js,o. 1 hard Minnesota and South
Dakota, $1.17 1.18 ; to .arrive,
$1.17 ; fancy No. 1 amber durum,
$1.11 1. 14 ; to arrive, $1.07
1.11; No. 1 amber durum, $1.03
1.09; to arrive. $1.03: No. 1 durum.
97c$1.02 ; to arrive, 97c; fancy
No. 2 amber durum. $1.09 1.12 : No.
2 amber durum, $1.00 1.07 ; No. 2
durunv 95 99c.
Corn-i-No. 2 yellow, 6767c; to
arrive, 66c; No. 3 yellow, 66 U 66&C:
to arrive, 65c.
Oats No. 2 white. 40443ic: No. 3
white, 39 41 c ; to arrive, 30
390.
Bariey Choice, 6lw64c: medium ftood.
57 60c; lower grades, 52 56c.
Rye No. 2, 8282c: to arrive.
82c.
Flax No. 2, $2. 61 2. 63: to arrive.
$2.60.
Wheat futures December, $1.18;
May, $1.18; July, $1.15.
Seattle Grain Market.
SEATTLE, Dec. 11. Wheat, hard
white, $1.25; soft white, $1.24; western
white, $1.23; hard red winter, soft red
winter, northern spring, $1. 18 ; western
red, $1.17; Big Bend bluestem, $1.60.
City delivery Hay, timothy, $27; mix
ed. $25; alfalfa. $25; d. c, $29; straw,
$15; barley, whole, $40; ground and
rolled, $42; clipped, $47; chop, all grain,
$16; cocoanut meal, $38; corn, $42; corn
cracked and feed meal, $44; cottonseed
meal, $58; linseed meal, $59; scratch food.
$49 ; soy bean, $58; wheat, $49; Puget
sound, $46.
Grain at San Francisco.
SAN FRANCISCO, Dec. 11. Wheat:
Milling. S2.25J&2.30; feed, $2.202.25.
Barley, feed, $1.451.47c; shipping.
$1.50(1.52.
Oats: Red feed. $1.601.75.
Hay: Wheat, $1720; fair, $1517;
tame oat. $1721; wild oat. $14016;
alfalfa, $1921; stock, $1215; straw,
$1112.
- Naval Stores.
SAVANNAH, Dec. 11. Turpentine,
firm, $1.35; sales, 269 barrels; re
ceipts, 93 barrels; shipments, 103 barrels;
stock, 13,830 barrels.
Rosin, firm, sales, 1117 barrels; re
ceipts, 875 barrels; shipments, 870 bar
rels: stock, 111,319. Quote: B, D, E, F,
G, H, I, K. $5.205.25; M, $5.355.45;
N, $5.55; WG, $5.90; WW, $6.60.
Cottonseed Oil.
Cottonseed oil futures at New York,
furnished by Jordan-Wentworth & Co.:
December, $'J.6UfgM0; January, $.6.t
9-67; March, $9.969.98; April, $10.05
10.12: May, $10.1210.14; June, $10.20
10.35; July, $10.2010.35. . Spot, $9.55.
Total sales, 14.HTO.
SAN FRANCISCO PRODUCE MARKET
, a mwunt nn Vnftahln
Fresh
Fruits, Etc., at Bay City.
SAX FRANCISCO, Pec. 11. (State di
vision of markets.) Poultry Fryers, 25
28c ; broilers, 25 w 35c ; ( young roosters,
2127c; old, 14 loc; nens, lafffsc
ducks, 18 20c ; live turkeys, 30 33c
dressed, 35 40c; hares, pound, 1518c;
squabs, dozen, ?33.o0; jackrabbits, doz,
12 2.50.
. Fruit Apples, box, $1-102.75; Lady
apples, box, $2.503.io; grapes, crate,
$11.60; grapefruit, $26.50; huckle
berries, pound, 25c only; lemons, $6.50!
8.50; oranges, navels, $3.505; peaches,
nominal; pears, box, $liM.o0.
Vegetables Beans, pound, 520c
cabbage, pound, 1 ( 1 c ; cauliflower,
dozen, $ll1.25; carrots, sack, $11.25
celery, crate, $23; cucumbers, English;
dozen. slwi.Ta: fettuce, crate, si.zo
3; beets, sack, $11.25; onions, brown
and yellow, cwt., $1.2001.73 at wharf
white, cwt., $1.501.75 at wharf; green,
box. $1.25 1.50: peas, pound, 1020c
potatoes, cwt.. 70c $1.85; sweet, pound,
l2c: rhubarb, box, $11.50; summer
squash, lug, $1.25 1.75 ; tomatoes, lug,
50c$2; turnips, sack, $1.251.
olives, ripe pound, 7Sc.
Receipts: Flour, 7S61 quarter sacks
wheat, 5665 centals ; barley, 5670 cen-
tais; corn, 1682 centals; potatoes, 8264
sacKs; onions, ato sacKs; nay, lau tons
hides, 1287; lemons and ' oranges, 3800
boxes.
GREEKS ARE REINFORCED
Heavy Forces Are Reported to Be
Arriving in Thrace.
(Chicago Tribune Foreign News Service.)
CONSTANTINOPLE, Dec. 9. (De
layed.) The revolutionary commit
tee in Thrace announces that heavy
Greek reinforcements have arrived
there.
It is difficult to prpcure accurate
information, owing to the disturbed
communications, but it is believed
the rebels are almost unchecked in
the regions where they are operat
ing:. The Oregonian publishes practi
cally all of the want ads printed in
the other three,. Portland papers, in
addition to thousands of exclusive
advertisements not printed in any
other local aper .
"Switching" Investments
Suppose a company has two is
sues of 5 bonds outstanding one
due December 15, .1923, and one due
December 15, 1942. Suppose fur
ther that the merit of the bonds and
the credit of the company are such
that both issues sell at prices to yield
6. The market price of the one
year bond will be 99.0433 and the
market price of the twenty-year bond
will be 88.4426 in order to give a re
turn of 6.
It is obvious that the investor who
wants his funds permanently invest
ed should exchange from the short
term issue to the long-term issue and
Blyth, Witter. & Cq
GOVERNMENT-MUNICIPAL-CORPORATION BONDS
FOURTH AND STARK, PORTLAND
BROADWAY 6481
SAN FRANCISCO-LOS ANGELES-NEW YORK-CHICAGO-SEATTLE-PORTLAN O
BUSINESS HELD ili
DVN'S SCKVEY" SAYS PRICES
SEEK STABILITY.
Fears of False Prosperity and
Secondary Inflation Have
No Effect on Market.
BY O. A, MATHER.
(By Chicago Tribune Leased "Wire.)
CHICAGOr Dec. 11. Business ap
peals to be pursuing & normal course
of recovery despite some expressed fears
of a return of false prosperity and a
'secondary inflation." Prices are seek
ing a stabilized level, as evidenced by
Dun's survey of the commodity mar
kets. . Out of 338 quotations compiled
last week there were only 54 price
changes, divided into 30 declines and 24
advances.
Four sugar refining companies today
announced reductions in the price of
refined sugar to 7.10 cents a pound.
New York. Two automobile concerns
made new price cuts, while one trucK
company scheduled an increase. An
other rubber company made increases
on Ures and tubes. Two oil refiners
announced increases In prices on. some
grades of crude oil.
Bank clearings in cities last ween
totaled $7,576,543,000. an increase of
about 15 per cent over the correspond
ing weeks in 1921 and 1920.
Dividend news again held prominent
place today. The National Fuel Gas
company stockholders voted to increase
the authorized capital stpek from $32,
0OO.000 to $37,000,000 in order to de
clare a 100 per cent stock dividend on j
the outstanding 518,500,000 stocK next
Friday. The Union Tank Car company !
declared a 50 per cent stock dividend ;
on the outstanding $12,000,000 common i
stock.
Stockholders of the Humble Oil and
Refining company, a subsidiary of the
Standard Oil company of New Jersey, -
will vote on December 18 on increasing
the capital stock, declaring a stock divi- :
dend of from 60 to 80 per cent and
reducing the par value from $100 to $25.
The American Gas & Electric company
declared a 25 per cent stock dividend
on its common stock, payable December
30 to stock of record December 15.
The General Fire Extinguisher com
pany increased its common stock from
$7,500,000 to $9,000,000 and declared a
0 -per cent stock dividend. The wash-
burn Wire company declared a 300 per
cent stock dividend on the common
stock.
Directors of the Texas company will
meet in New York tomorrow to consider
preliminary figures for the annual re
port. Whiie the company will show very
good earnings and a strong financial
position, neither a stock dividend nor
an increase in the annual cash dividend
rate has been contemplated.
A numDer ot companies declared extra
dividends today as follows: Hudson
Motor Car, 25c; Reo Motflr Car, 1 per
cent; St. Joseph Lead, 25c; Nipissing
Mines, 3 per cent; Mackay . companies,
$10 ; Albany & Susquehanna, $2, m The
Tucson Steel company increased" Its
quarterly dividend from 1 to 2 per cent.
The Oklahoma Natural Gas company
resumed dividends by declaring 1 per
cent, the first payment since July, 1921.
The Tonopah Mining company declared
a dividend of 15 per cent.
QUOTATIONS ON DAIRY PRODUCTS
Coast and Eastern Markets for Butter,
Cheese and Eggs.
SAN FRANCISCO,- Dec, 11. (United
States Bureau of Agricultural Economics.)
iiutter Extras, 51c; prime firsts,
nominal; firsts, 47c.
lggs Extras, 57c; - extra pullets,
52 undersized No. 1, 43 fee.
. Cheese California flat fancy, 22c;
firsts, 22c ; California Young America,
fancy, 2tic.
- NEW YORK, Dec 11. Butter Firm;
creamery higher than extras, 555'5c;
creamery extras, 54 &c; firsts, 45Vi
53c; packing stock current make No.
2. 35c.
EggsSteady; fresh gathered extra
firsts, 56 & 5ac ; firsts, 53 55c ; Pacific
coast white extras, 66 67c; do firsts to
extra firsts, 61tioc; refrigerator firsts,
30(332.
Cheese Steady; state whole milk flats
fresh specials, 2(&28c; do average run.
27c; state, whole milk twins, heid spe
cials, 2,i2c; do average run, 2ic.
Live poultry Firm; chickens, by
freight, 2lc; by express, 212iic; fowls,
18 to 24c ; roosters. 15c ; turkeys, 30c :
dressed poultry, steady; western chick
ens, 2342c; fowls, loc; old roosters,
16ix20c; turkeys,. ro. 1, fresh, 48ooa
CHICAGO, Dec. 11. Butter Un
changed; creamery extras, 5-5c; stan
dards, 51 V c ; extra firsts, 51 &c ;
firsts, 48t0'(eiic; seconds, 4446c.
Eggs Unsettled; receipts, 4268 cases;
firsts, 49(&o3; ordinary firsts, 42'S46c;
miscellaneous, 4650c; refrigerator ex
tras, 28 29c; refrigerator firsts, 26
Poultry Alive, higher; fowls, 1421c;
springs, 19c; roosters, 13c; turkeys, 25c;
geese, iSc
SEATTLE, Dec. lL Butter, city
creamery cubes, 48c; -bricks or prims,
49 c.
Eggs Freeh ranch, 49c ; mixed colors,
46c; pullets, 4041c.
Dried Fruit at New Tork,
NEW YORK, Dec. 11. Evaporated ap
ples, dull; prime state, 10llc.
Prunes, quiet; Calif ornias, S17c;
Oregons, 712c.
Apricots, slow; choice, 24 25c; extra
choice, 2627c; fancy, 2829c.
Peaches, quiet; choice, 13 14ic;
choice to fancy seeded, 14 15c; seed
less, 16 18c.
Raisins, easy; loose muscatels, ll13c;
choice fancy seeded, 1213c; seedless,'
11 12c. a
Metal Market.
NEW YORK, Dec. 11. Copper, quiet.
Electrolytic, spot and futures, 14c.
Tin, firm. Spot and nearby, 37.60c;
futures, 37.6237.75c.
Iron, steady. No. 1 northern, $27 29;
No. 2 northern, $26 28; No. 2 southern,
$23 25.
Lead, steady, spot, 7.107.35c.
Zinc, firm; East St. Louis, spot and
nearby delivery, 7.257.35c.
Antimony, spot, 6.506.75c
Chicago Potato Market.
CHICAGO, Dec. 11. Potatoes steady on
northern round whites and western rus
sets; slightly stronger on western rurals;
receipts, Zi cars total United States
shipments. 453; Wisconsin sacked round
whites, 7585c cwt.; Minnesota sacked
and hulk round white. 7Q'fi'80c cwt: Tda-
"He who has not aeen
der of the world" o runs the Spanish boast. Not less
proud are the old Dons of CADIZ and CORDOBA. Visits
to these fascinating places in old Spain are but incidents of
the AMERICAN EXPRESS LUXURY CRUISE on the
Mauritania
to Mediterranean
From New York Februory 7tfc 66 Days of Enchantment
The MAURITANIA your home all the way
VisWngA20res,Madeira,Cadii,SeviUe,Gibraltar,Tangier,AlgieTS,Mont
Carlo, Nice, Naples, Pompeii, Rome, Athens, Constantinople, Palestine,
Egypt, Corsica, Lisbon, Southampton, Ixindon (5 days), Cherbourg.
Send for Illustrated announcement
fniiiiifTfrl ..-. j.--,
USSP ss
OSSB SS
West Keats Dec. Slst CSSB SS West Kader Feb. 1st
YOKOHAMA, KOBE, HONGKONG, MANILA
Pawlet Dec. 15 USSB SS Hannawa Dec 15
USSB Wawaiona Jan. 8
For rates, space, etc., apply to
Broadway 5360,
509-522 Board
rnu rnnwf icf n 9. DrtOTl nun
STFAMSH IP f OMPaNY
For San Francisco
From Portland Ainsworth Dock
STEAMER ROSE CITY
Wednesday, 10 A. M., Dec. 13.
Friday 10 A. M., Dec. 22
and every nine days thereafter
PASSAGE FARC FROM PORTLAND
Promenade Deck $28.80
Outside Saloon Deck 26.40
Inside Saloon Deck. 24.00
Round Trip (first class) 60.00
STEERAGE PASSENGERS
Third Class tie Mi S
( Males Only) JIJ.WI g
All fares include berth fe
and meals while at sea B
ArtmsbiteaccMauierf bTMSSMRrswtNke dieckei is ffl
a twitratmeifll.il erllt wti, aimm at- M
liuiniiKiii,,,, puu.
City Ticket Office 3rd and Washington jS
Phone Broadway 5631 Q
Freight Office, Ainsworth Dock 3
Phone Broadway 0268 e3
Direct Passenger Sailing
ENGLAND
' PANAMA CANAL
S. S. "HIGHLAND
. HEATHER"
Leaving? Seattle, Portland
early February direct to
British ports.
First and intermediate class
passengers carried.
Apply to local Agents
or
The Royal Mail
Steam Packet Company
204-208 Rainier Bids.,
Seattle, Wash.
Phone Elliott 4944.
STEAMER
FOR SAN FRANCISCO,
LOS ANGELES AND SAN DIEGO
Sailing Wednesday, 2:30 P. M.
Low Rates '
M. BOLLAM, Agent
122 Third St. Phone Bdwy. 0026
.US7
I.H0NOLULU.6UVA. NEW ZEALAND
The Well-Equipped Boyal Mail Steamers
"Makura" (13.500 tons), Dec. 22, Feb. 23.
"Niagara" (20,000 tons), Jan.- 26, Mar. 30.
Sail from Vancouver, B. C, For rates,
etc., apply Canadian Pacific Railway, 55
Third st.r Portland, Or. Canadian-Australasian
Royal Mail Line, 741 Hastings
St., West, Vancouver, B, C,
Phone your want ads to
p.regoaian. Main.
The
r wf l,lTr iTltn-'-Trfi-"' I
3 11
t
take the cash difference, which in
the example given above amounts to
$106 on a $1000 bond. ,
If you hold securities maturing
within the next few years, it is very
possible that you can make an ex
change into longer term securities to
a very decided advantage. We shall
be glad indeed to go into the matter
with you and suggest a rearrange
ment of your holdings which will
strengthen your investment position
and give you definite advantages.
Call at our office today or write
for information and let us make
suggestions for you.
ho sacked rurals No. 1, few sales, $1.10 I
cwt.; Montana sacnea russets, jno. i
$1.20 cwt.
SEVILLE ha not seen the won
AMERICAN EXPRESS
Travel Department
Tor. Sixth and Oak St.. Bdwy. SOfifl. or
Olds, Wortmun & King, Atvrater 4800.
North China Line
COLUMBIA PACIFIC SHIPPING COMPANY
Operating United States Government Snips
DIRECT FREIGHT SERVICE WITHOUT
TRABi SHIPMENT BETWEEN
PORTLAND, OREGON,
and
YOKOHAMA, KOBE, SHANGHAI, TAKtBAR
(Tientsin) UilHKV
of Trade Bids.
Portland, Oregon.
ASTORIA
and Way Points
STRS. LtRXIXE AND UNDINE
Daily, Except Saturday,
7:30 P. SI.
Fare to Astoria $1.85 One Way
?3.00 Round Trip.
Week-End Round Trip $2.50.
THE DALLES -HOOD RIVER
Night Service
Lv. Mon., Wed., Fri.. 11:30 P. M.
Berths Ready 9:00( P. M.
Day Service
Lv. Mon, Wed., Fri., 7:15 A. M.
Fare to Dalles $1.25
Hood River $1.00.
Upper Berths 60c, Lower 90c.
Stateroom $1.50.
The Harklon Transportation Co.
Broadway 8344. Alder-St. Dock.
SS. Admiral Farragut
Sails from Municipal pock No. 2
Wednesday, Dec. 13, 10 A. M.
Every Wednesday Thereafter.
FOB SAN FKANCISCO.
LOS ANGELES, SAN DIEGO.
Honolulu Service
Sailings From San Francisco.
H. F. Alexander Jan. 4,5P.M.
H. F. Alexander Jan. 20, 5 P. M.
Ticket Office
101 THIRD ST., COB. STAKE.
.Phone Broadway 6481.
SCANDINAVIAN
AMERICAN
NOB.
! D E N".
V n d
.1 W AY, S W 1
h G E B M A N
p BALTIC I
STATES
United States Jan. 6
Oscar II Jan. 27
llpliie Olav. .Feb. 15
Frederik VUI Feb. 27
Large. Fast, Steady.
Comfortable Steam
ers. Spacious State
rooms and Prome
nade lecka. i
Oscar II Mar. 8
United Htates Mar. 23
11. Hut Olav. . Mar. 29
Krederik VIII Apr. 10
Oscar II Apr. IK
Unexcelled Cnislne. Daily Concerts.
For Passenger Kates: 105 3d St.. Portland
ROYAL MAIL
to EUROPE
"The Comfort Route?'
New York Cherbourg
Southampton Hambnrg
OKBITA Dec. 20, Jan. 31, Mar. 14
ORDCNA .Jan. 10, Feb. 21
DIRECT PASSENGER SERVICE
.From Pacific Coast Porta to U. K.
Regrular Sailings.
The Royal Mail Steam Packet Co.
Rainier Bldft.. Seattle, Wash., or
Local Agents.
ii SS. Admiral Farragutw
Mil?: