Image provided by: University of Oregon Libraries; Eugene, OR
About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 29, 1912)
17 BEST WHEAT SCARCE Bluestem . Supplies Diminish and Prices Move Up. ' SALES MADE AT 85 CENTS Other Sorts Are in Less Demand, but Farmers Are Not Offering on the Market Oats Are Sell ing at Better Prices. Interest in the wheat trade at the present time center in bluestem. which, because of Its scarcity, is bringing- steadily advancing prices. It is not known Just how much is left in the country, but the Quantity is small and may not be sufficient for milling re quirements during the remainder of tha season. Whatever the amount Is, it is in strong hands and top prices are asked for it- Bluestem sold on the Sound yesterday at 85 cents, which makes a 5-cent spread between it and club and the spread is almost certain to widen. There was some demand for other sorts of wheat, particularly for forty fold, but there were few sellers. Forty fold was quoted at 81 cents, club at 80 cents and red Russian at 78 cents. The continuance of the demand, aside from that for bluestem, depends largely on the state of the export flour trade. December barley was firmer at San Francisco, closing at $1.38. The shorts are believed to have got from under and the big deal is now practically over. Grain men will watch the game there during the two last days of the year, but they do not look for fire works. Locally the barley market was eaav and dull, with $22.50 S23 quoted. There Is a steadier undertone in the oats market. Sales were made here at $25.60. Local receipts. In cars, were reported by the Merchants' Exchange as follows: Monday 11 Tuesday -Wd.-Thur. Friday J3 Saturday ... 3 Yar ( M Total this w'k 391 Year ago 30 Pa'n to data. 10.914 year apo .... 8001 35 3 11 1 5 10 7 4 8 5 10 60 29 8 39 1439 1159 sis i:;s 14 16 6 4 11 8 5 4 7 40 30 2H 34 68 1150 2S 1811 TWENTY CENTS PAID FOB HOPS Motion Crop Is Taken by IjTealey at This Price Foreign Conditions. The Molson crop of 227 bales of hops at Rickreall was sold yesterday by A. J. Ray & Son to T. A. Uvesley & Co. at 20 cents. Thera was a strong demand, not only for the best hops, but for the lower grades as well. Practically every dealer was in the market with orders. Few growers were offering, and dealers' hops were also held firmly. The natural course of the market is up ward, and this tendency may assert itself after the turn of the year. English mall advices say of the Lon don hop market: "There Is a brisk demand for Eng lish hops, and as a result prices are hardening, though slowly. Quotations this week are from 5s to 8s per cwt. abovo those recently prevailing, and there is a general feeling of buoyancy about the market. Continental mar kets are reported quiet, mainly owing to the fact that the remaining stocks are not of first-rate quality. Much dis- appointment is ren s"1 " w - quality of the Pacific Coast hops, a large proportion of which proves to be damaged by vermin blight. At Wor cester on Saturday growers were ask ing more money, but buyers were not inclined to give any advance except in special cases, so that not much busi ness was done. London hop factors' circulars say: Wild. Neame & Co. The firmer tone noted in our last report has prevailed during the week, and there has been a further clearance of hops of all de scriptions at current rates. Manger & Henley The market has shown more activity during the past week and a considerable business has been done. There Is a much better undertone generally. W. H- and H. Le May There has been a further great clearance of hops during the past week. It is evident that the prices now ruling have caused consumers to stock up. The remaining few parcels are held very firmly. MOHAIR PRICES ABB HOLDDO STEADY Small Trade la Fall Texas the Boston Market. Only a moderate trade is reported in the Boston market on Fall Texas mo hair at fair prtces named a week ago. Supplies of foreign hair ara practically nil in this market and there is little otherwise to be said. In the English market, the sltua .i .i n., uniiul with that here. business being perhaps on a little more extended scale out tor hiuu-iu-oj.-lota. What business .has been done was for Capes. Turkey hairs being absolutely neglected. Exports of mohair yarns have been far from satisfactory. i llttlo indeed, while the quantity being sent to Germany is reported as only mooeraw. , , ith.ninv the war In the Bal kans, holders of mohair in Constanti nople have been very nrm in uk Ing prices and it is said that no con cessions have been obtainable. Hold ers evidently believe that the war will ..,1 nnA that at Its con- elusion a considerable quantity of hair will then be movea. t . v. rnn hualnesa has not been heavy although there have been no ac cumulations there and holders are dis posed to ask more money for their holdings. XXX' A L EGO 8CBPIX9 IS WORKED OFF Small Beoelpte and Sharp Demand Make Better Poultry nicee. wre cloarlv cleaned up on Front street at the end of business yesterday. Candled Oregons brought There was an active demand lor poultry and. wltn very limited receipts, .-i-.-. wr firm all alone: the line. Dressed turkeys sold at 27 h. cents and live turkeys at z ana &o cents. v. int.- kim 14 and 14 U. cents. Geese. particularly, were wanted for the New Years trade, out lew were av&uauie. Live reese sold at IS cents and dressed Dressed meats were also in small supply and were steaay in priut. Conditions were unchanged in the butter and cheese markets. CALIFORNIA VEGETABLES SCARCE Celd Weather in South Stops Shipments. Last Car of Northern Oranges. There will be a temporary scarcity of celery and bead lettuce for the New Tear's trade, owing to cold weather In the growing sections of Southern Cali fornia. Cauliflower is also decidedly scarce for the same reason. The orange market is firm with light "receipts in sight. A car of Northern i - Af.n0' Ik due Mondav. and that will wind up shipments from that part of U.J state. v. th iiminl Saturday trade, with a fairly good cleanup in all lines. POOR OCTLOOK FOB POTATO SHIPPERS MarameBt of Onions Will Begin In Small Way After Tvra of year. Potato shippers can see no bright spots on the trade horizon. There Is no demand at all from the California cities, and the Southwest is supplied by Idaho and Colorado, which have the advantage over Oregon in lower freight rates. To compete with those states Oregon shippers would have to buy from farmers here at 2a or ao cents a sack. All the Western states had large potato crops, and there is no outlet for the Oregon surplus. Tne only possible opening In the future would be a cold snap, that would stop shipments from Colorado or Idaho. This would cause only a temporary shipping demand here. The onion market Is also dragging, but after the turn of the year it is probable shipments to California will begin, and the north is also expected to be in the market for a few cars. Bank Clearings. Bank clearings of the Northwestern cities yeaterday were as tow.: BaIance. Portland "J-J&IS llu Seattle 63S57T 32,065 Tacoma IsS'oM SoiTi Sta"?BR; 'of 'Portland. Seattle and Tacoma for the past week and corresponding week in 'm w JS1 ::::: 2.6ss 10.120,400 IK? fc&iS : j 1SS :::::. :&fg f$:g t?A PORTLAND MARKETS. ftrsln. Floor, Feed, Et WHEAT Track prices: Club. 80c: blue- tem. 84c; o-loia, o; re u barrel: 3(Io.rt.'i-,SL0,3.60wheat ley. S4.3U; armom. fv,p 4n2'Ri.RTFeed. $22.50 23 per ton; brew. to nominal; roUe oSl . . o r-n ntr ton:. mills i trr u unui. t . shorts. 24.BO par ton; middlings, $30 par ton- ,.,, 11T018: mixed Eastern Oregon timothy. $12 15; oat and vetch. $12: alfalfa. $11.50; clover. $10. , traw. $jT. oa T OAT 3 aSa x wmio, t.v - Vrretable and Froita j nnT'lVO A rnU PWV" (J? 11.50 TjCf rntan r i-v - . ----- w T-a4 tn nav hnl 1 KTUVMM. $1.60 per box; Malaffaa. $8 per b cranoernea, fiu.ouvia $2.50 per dozen. 1 Mrra T.vki.. nrioo. "Rurbanks. fJ l A 1 VEiC iuuuiua " " 60B5c per hundred; iweet potatoes, 2c per puuiiu. $2.2583.00; Florida, $4: JP?lvg. bunaie; taiiiorn.. gyy. l ' laa rraperruii, .4.-0, r box; plneapplea, 60 per pound: pomegran ltea. $2 per box: peralmmona. $1.75 per box. tangerine.. S2.25 cer box. ONIONS Oregon, ducqxi per c c . rv .icf rrr t: 1 TnrnlmL 75c tier CAVA . I . J 1 . - ....u armta T.nn nr sack: beets, too per sack; parsnips, 73c per aack. VEGETABLES Artlcnoxes. ii.i p" dozen: beans. 12c; cabbage, lc per po""'': cauliflower. $2.25 per crate; celery, $J.OO per crate; cucumbers, 30 60c per down; eggplant, 10c pound; head lettuce, $1.506 2 per crate; pear., vKl ' r . ,. . Hj;.h. 1 -?r ?iV ner dozen: 1UU per jvuuu, -j - sprouts. 7c; tomatoea, $1.35((jil-' J per box; garlic 08c per pound. Dairy and Country Produce. TiC.as Fresh locals, candled, S214o per dozen. . . . CHEESE Triplets, 19e per pound; dais ies, luuc: Young Americas, 20 VtO per pound. WL'TTrilt Oregon crciuoij " . 37V4C per pound; prints, 38 i 39c per pound. POULTRY Hens, 14014c: nroncra, " 14Hc; turkeys, live, 2425c; dre-wed. choice, 27Vc; d-jcka, nominal; geese, ltfc ruKi r ancy. " 2 1 VEAL, Fancy, 13 !a to 14c per pound. Staple Groceries. tails. $2.25 per dozen; half-pound flats, 1 .. . - o j r. . iiQ.Ua ftink. .x-u oofl-fuuxu ' " . " : one-pound tails, 85c; silversides, one-pound tans, si. 20. COFFEE Boasted, in drums. 24 40c per pound. HONE I CnOlCS. I4.-D1ffd.ia per vmo. 1.1..0 nr.imi,. lfi, ni nniinil: Rrazll nuta. 12V415c; filberts, 1413c; almonds 18c; peanuts, rt o c . crcuauuw, per dozen; cnfcstnuta, llo per pound; hick ory nuta. 6 (it 10c: pecans, lie; pine. 1( ttiuc BEANS Small white, B.40c; large white. 43c; Lima, 6Vie; pink. 4.70c; Mexicans. 5c: bavou. 4.65c el's, a o 1T,1 anil hrrv XX 7.i TTonOlUlU plantation, $5.70; beet, $5.55; extra C, $5-25: powdereu. barrels, o; cuoo, orri-, 8 ALT Granulated, $14 per ton; half nmmH milt 110 ner ton: 50a. $10.75 per ion ; u 1 1 j . . v vss KICJS NO. 1 japan, owdnc, grades, 4nc: oouiaern aemu, o-vo. DRIED FRUITS Applee, 10c per pound Italians, 8610c; silver. 18c; figs, white and black. 644 97c; currants, c; moiu. Muscatel, 614BTV40; oieaun.Q, i" ...... 1. 1 - v. .. oiiiian,, Sllr? seeded. lino; iiu " - -. . 7H8lc: dates, Persian, 7 He per pound; fard. si.oo per oox. FIGS Twelve 10-ounce. 85e; 80 6-ounce. SI 85- 70 4-ounce, $2.25; 80 10-ounce. $2.25: . wn . Knvaa R U- Htl f - SmVma. IWWf, BVPWUliu 1 " ' . ' " boxes, $1.1U61.33; candled, 16 18c. Provision a. mire ah 18K319Vc: denies. 13c; akinned, ISftc; Donea, BAVUA ancy, .iv-ou, - LARD In tierces, choice. 14 fcc; com pound, 9 He. . DRY SALT at ca 1 2 neguii i.u . k -. mUn4 .1... hnlf. 12 to 1A lot.. I! -Kr, h,i-k is to 25 lba. " 13 rl-e; export., j.c; pm, mess beet, $13; extra plate beef, $17.50; plate bAKKt.l.r.11 DWt V'. f"' r T , brisket pickled pork, $23. Hope, Wool and Hldea. vnT loi2 rroo. nrlme and choice. 170 20c per pound. ppits Dm. lSUllc: butcher. 1101.35; anon wuwi. i w jviv- WOOL tastern uitrou, i t v pouna. tccomiui iw , ' - - i. 22 He per pound. . . HIDES Baited hidea 12c per pound. . . . . , . I . - . 1. n ItAlln. VHttH salted can, io; HIo nw, rf w bides, lie; dry hides. 22tf23c; dry calf. No. 1. 23e: No. 2, 20c; salted bulla, 8c CASCARA Per pound, 4tt4c; car loU. 40&c JJnseed OU and Turpentine. LINSEED OIL Raw, barrels, S0e; boiled, barrels, 52o; raw, cases, 5ic; boiled, cases. OIL MEAL Carloada, $37.60 per ton; less TUKre.1, miiw ,!' . vim than carioaus, i,v uw BAN FRANCISCO PRODUCE MARKET Prices Quoted at the Bay City for Vece- tables, Frnlt, Ete. kaM p-raNCISCO. Dec. 28. -The follow lng produce pricea were current here today: Pri,it ADolea choice, 60c; common, 40c; Mexican limes. $44j'4.50: California lemons. choice. $5.o0; common, ai.ou; nvw uu. $1 25&2.&0: pineapples .oo. Cheese Young America, 16 17a Butter Fanoy oreamary, 84a tt stun. 27o: fancy ranch. 34c Hay Wheat. $23e34; wheat and oata $21 22.50; auana. - w 19 nrron Burbanka nominal: 8a Unas Burbanks, $1.101.25: sweets, $1.85 2 00. VeseUbles Cucumbers. $1.50L75; garlic. 2o- green peas, t10c; string beans. I020c: tomatoea. 60c$l; eggplant, 47o; oniona 3545c , Receipts Flour, 1800 quarter sacks; wheat. ti v ceniai", LJIX' " ' " -oats, 80 centals: potatoes, 3125 sacks; wool 26 balea. Chieace Dairy Produce. CHICAGO, Dec. 28. Butter Steady, "esTeVT "receipts. 2419 eamS trash receipts. 21i4c; ni CheeiFirm: daisies. iH 17c: twins. 16"n J 1U Vac; lours aihtti ,m, long horns, 16 if 17c Mntal Market. NEW YORK. Dec 28. The metal mar .. ". j..n nraftlcally nominal. Lake and electrolytio copper. 17.62 V, 17.87c; casting, n.-ow n.i Iron, unchanged. .,- i . at 1 mi t K - .. . n oa Tl.tnl QtKHllV "TV T- rltory and Western medium. 21 -5c; fln medium. .Bv.u-i TWal.srK f Jwnkfwl Market. DULUTH. De. 28. CIom: : Linseed, on track and to irnva, ti. "vvh";' $L23 bid; January. $1.2314 bid; May,$1.26V,, TIIE SUNDAY OREGONIAX, PORTLAND, DECEMBER 29. 1912. BEARS' WORK EASY With No Demand for Stocks, Prices Are Forced Down. STEEL WEAKEST FEATURE Canadian Pacific Declines on Sell ing for Foreign Account Par tial Recovery Before the Close. Banks Gain in Cash. NEW YORK, Dec. 28. After a week of colorless trading: and stagnant mar kets stocks moved in a definite way today and quotations were depressed Jn all quarters of the list. Trading be came more active, following a feature less opening, with the impetus coming from the bear factions. There wa no demand for stocks and the bears were able to make headway on compara tively moderate offerings. Most of the prominent issues were depressed a point or more, with a partial recovery before tne close. in muo.. Steel was a depressing influence and ..m.i, nf rnoAiiiin Pacific from abroad affected the railroad list The expected gain in casn oy mo 1 1. Ba -tmnrt ari In. tldaV'S State- onuoa wio i-"" - -- ments, which revealed an Increase in the actual table of nearly $5,000,000, an amount in excess of estimates. There was. however, a decrease in cash re serves of $1,744,000. Some Indications ot xne more cuu servative feeling in trade were con i. i.n 4n vi wmviv reviews. The holiday trade was described as of rec ord size, but a slowing down oi new I .arla4n lined wfLft noted. In general, howeuer, the trade situation remains satisfactory in volume. The bond market was under moder ate pressure. Total .sales, par value, $886,000. United States 2s coupon ad vanced hi. the Is registered and 3s coupon it on call on the week. CLOSING STOCK QUOTATIONS. Reported by J. & Wilson & Co.. Lewis builuing. Portland. OpniHlghj Low (Close Amal. Copper Co... ' v ' 55 5 5 54t! 54U 21 281 20 Am. car at j? cum, Am. Ian, com. ... do nreferreu .... 11),113 114t111!4 Am. cotton Oil, com.j I Am. Loco., com. Am. ,;ugir, com. Am. SinelL. com. 72i 72V4I 71141 72 do preferred .'. XU Am. w'ooien, com.. ...i 1 Anaconda a Mining Co. 3tt 3tt, 3VI , com. :10o105V10o 105 Atchison, do preferred a. & u.. com. iieet Sugar Brooklyn hald Tr... CanaO.an Fac, com., central Leatiier, c . . C ac J. W'., coiu..... 48 48 46i, 47k 2 2HI H1HI ibd ,25 tt 257 ! 2&8 2o, 28. 2bS I I iii I si i aovil auv. 112ll2?4lll'll1 1 i6 Vs , 1J6 tj ;135 Vk lo n do preferred ...... C M. St. P c. A i. v .. com..... Chesapeake & Ohio.. 78 71 78kl 78H Colo. Kuol & iron, c. Cole South., com.... ConaolmaLed Gas .... Corn Products, com.. , 32 140 14 140 14 130 13 s 13 70 A 19 38 81 38 49 do preferred Denver Klo G e. do preferred ...... Erie, , emm n 2 32 31 do d preferred. . . . do 1st preferred.... General felcatric llSJ ' 183 129 iii" 184 V lit. North. or3 lands.. 4tl Ot, .Nor to., pfd. 129 lfcJVa i ice becurmcb ....... Illinois Ceulral 126 111 ice harvester xntoruroan M-at.. c. do preferred ...... Lvhigu Valley vansia ci'.y South. . . 112 112 18 63 it lbtlfe 18 63 18 63 18 3 litovi 165 166 26 i4i Louisville A Nasuvillej 141 1 141 141 vs 138 M., St. V. t. B. . M-, K. A T., com ,.. "$ 26 40' 1U 26 40 vi 19 26 61 4U 19 107 31 102 do preferred ...... Missouri Pacilic .... Nevaua Consolidated. lu Mew lork Central ...1108 108 107 N. Y.. onu West,. Nor. A West., com... Northern Pacific, com 120 H 120 120 12tt Hnmllc .Uail . S. CO. . 29 fennsylvanla Railway122 122 1211121 P. u.. L. & Coke Co. 114 114 114 114 Preued Steel Car, e.l 35 99 do preferred ...... Reading, com do 2d pref. do 1st pref. Rep. Iron A Steel pfd Hock Island, com ... do preferred St. L. & a F., 2d pf., do 1st pref 167 K 167 165 166 Ik 93 89 . 86 23 43 27 58 104 21 78 22 11 27 159 91 62 Vi 66 109 Vk .58 42 4 13 74 hi 781, 24 '28 " 5 105 27 24 '28 59 23 '27 58 104 27 Southern Paciflc, .com 103 southern Railway, c. do preferred ...... Texas & Paclflo .... Tol.. St. L. A W.. e. do preferred ...... Union Pacific, com... do preferred ...... U. S. RuDber. com... U. 6. Steel Co.. com. do preferred Utah Copper Virginia Chemical ... Wauaah, com do preferred Western Union TaL. Westlnghouse Elec . 27 S. 22 22 22 168 63" 67 109 H 43 159 "63 67 138 'ii" 66 109 109 08 43 58 42 74 79 74 74 78 Total shares, 114,100. BONDS. Reported by Overbeck Cooke Co., of Trade building. Portland. Bid. Amer Tel & Tel conv 4s 110 American Tobacoo 4 9 American Tobacco s r?M Atchison seneral 4a ,x2S Atchison conv 4a S, Atchison adj 4a stamped ,8I5 Atchison conv 5s 103 Atlantio Coast Line cons 4s.... 95 At coast Line "L Ncoll" 4s. 92 Baltimore A Ohio 8a 91 Baltimore A Ohio 4s 91 Brooklyn Rapid Transit 4s 82 Can Southern first 0s lp Chesapeake A Ohio 4s 99H C B A U een mtr 4j 94 Board Asked. Ill 96 106 87 106 96 92 91 97 !4 8214 106 9o" 95 U 9 93 94 78 87 65 94 89 87 87 SI 84 90 90 97 87 71 87 104 7 113 95 98 91 94 102 97 103 93 92 78 75 99 96 A 95 95 ta C JJ et W joini C B A Q HI" 4s 98 94 4 78 8 65 93 87 86 86 80 Ii u. 44 uenver 4s. . . . Central Paclfio first 4a, Chicago at n.ast mm ...... Chicago R I A P ret 4a Chicago R I P Col trust 4s.. Colorado Southern first 4a.. Denver A Rio Grande 4a Del A Hudson conv 4a Rria rlist cons P L 4s int Met 4a , s Japanese -is Japanek first 4s Jafanete aecond 4s Louisville A Nashville uni 4s.. Jdo Kan A Tex 4a Missouri Pacific 4s , New York Central 3s New York City 4a of 1937... Norfolk A Western 4s Norfolk A Western conv 4s.., N Y Ont A W 4s , Northhern Pacific P L 4s...., Oregon Short Line 4s Oregon Ry Nav 4s , Penna Ry 4s of 1948 Reading general 4s Republic of Cuba 8s , Southern Pacific first ref 4S.. Southern Paciflo col 4a Southern Railway 4s St L A B F ref 4s Union Pacific first 4s........ Union pacific conv 4s . - r . 1 , ... Am , . OA . 89 . 89 . 97 . a . 70 . 86 .104 . 96 .111 . 93 . 97 . 91 . 93 '.101 . 96 .101 . 93 . 91 . 77 . 74 . 98 or. 95 United Statea Steel 8 " Bs 100 United States 2s registered. ... .101 United 6iate 3j coupon 101 United Statea 8s registered 102 United States 3a coupon 10?it 100. 101 101 10,i 103 4k 114 114 Cnltea siaien is rewwi5 United States 4a coupon. .113 United Railway S F 4s Wabash first 4s Western Union 4s Westinghousj conv 5s. Western Paciflo 6s Wisconsin Central 4a. West Shore 4s..... 63 84 91 83 90 97 64 95 91 85 91 98 Condition of the Treasury. WASHINGTON, Dec. 28. The condition of the United States Treasury at the begin ning OI Duaiiit-M wu.j Working balance $ ?.437'??? In banks and Philippine treasury 32.702.140 Total general fund 141.197.164 RciAints vcaterday ............. 1,840,, 10 rkiNhursementa . 2.746.1o0 The deficit this fiscal year Is $2,816,9tt4 . -.,:. , rOI tza 7A In., wmap kk ng&inkl UC1IL1L u. ,.u,.uu,u,v ' - - J The figures for receipts, disbursement and deficit exclude Panama Canal and pub. 11C UCOl tuow. ....... SAN FRANCISCO, Dec 28. Sterling; on London oixty aays. 101, . nl6"', . " Xrafu Sight, 2ei telegraph. 5c n n. Tla .llv.P .f 28 15-16d par ounce; money, 84 pel cent. The rate of discount in the open mar ket for short bills is 4 15-16 per cent. Ths rate of discount in the open market tor three months bills Is 4 13-16 per cent, NEW YORK, Dec 28. Close: prime mer cantile paper, 6 per cent. Sterling exchange Arm. with actual busi ness In bankers' bills at $4.81 for 60-day bills and at $4.85 for demand. Commercial bills. $4.86 V. Bar silver. 62 Vic Mexican dollars. 49c Government bonds, steady: railroad bonaa, easy. Stocks at Boston. BOSTON, Dec 28. Closing quotations: Allouex 39 Mohawk Amalg Copper.. 75 H I Nevada Con 10 A Z L Em,., 28V4INIpltssin(- Mines. 9 Arlsona Com .. i North Butte..... 32. B C C S M. SVtiNorth Lake 2Ji Cal A Arizona.. 70Vi'Old Dominion... 53 h Cal 4 Hecla....B30 Osceola 103 Centennial 17V4!Quinc- 76 Cop Ran Con Co 5 I Shannon 1 S J E Butte Cop M. 14V Superior 38 Franklin 8tt Sup A Boa Mln.. 11 Glroux Con .... SVTamarack ...... 34 Granby Con ... 60 U 8 S R & M . . . 42- Greene Cananea. 8741 do preferred... 4j4 I Royalle (Cop) 81tt!Ctah Con ...... 1"J Kerr Lake. 2 Utah Copper Cc 57 Lake Copper 23 ! Winona 3 La Salle Copper 6 (Wolverine 68 Miami Copper. . . 25 j DEPOSITS AT KEW YORK ALSO SHOW HEAVY INCREASE. With Enlargement of Reserve Re quirements, Legal Surplus Is De creased Nearly Two Millions. NEW YORK, Dec, 28. The statement of the actual condition of clearing house banks and trust companies for the week (five days) shows that they hold $6,396,600 reserve in excess of legal requirements. This is a decrease of $1,744,600 from last week. The state ment follows: Increase. Loans $1,852,379,000 $13.i8.uuu SPsels !!."! . J-SSl-SSS Circulation 46,685,000 '332,000 Decrease. ' . Banks, cash reserve in vaults, $326,- 323,000; trust companies, cash reserve in vaults, $59,806,000; aggregate casn reserve, $385,132,000; excess lawful re serve. $6,396,600; decrease, $1,744,000; trust companies' reserve with clearing-house members carrying 25 per cent cash reserve, $46,970,000. Summary of state banks and trust companies in Greater New York, not included In clearing-house statement: Decrease. Loans I564,6s.u specie ;.. rsz Total deposits ...... 609.807,400 1.141.200 Increase. The Financier says this week: fnr th January 1 divi dend and interest disbursements, which according to the current esumaies amount to nearly $250,000,000, were re vealed in the statement or mo no" v 1, ri..rlnv.lfnnA - hanks issued Saturday. Taking the report of actual condition as a basis, loans expanded ,9 ceo nnn whll. pmih Increased $4.- 873000.' The gain in cash was a little less than anticipated, out me incrcaoc from this time on will probably be large. There was an unexpectedly heavy in crease of $27,738,000 in deposits and since this necessitated an additional 1. p.ntiWm.nt Amounting approximately to $7,000,000, the effect Of the gain in specie aim more than wiped out and surplus re- ... (1 744 RAO. leavlna: the present excess above the 25 per cent minimum at $6,36.bou. xne repu, i 1- a j .Ho .v,tAM of rlailv ,Tr.a rr a a nVinWA An AVDanSlOll Of $8.- 257,000 in loans, an increase of about $1,500,000 in cash and an expansion oi $21,516,000 in net deposits. The sur nlna reserve fitcures on the average basis stand at $4,737,950. The report of the trust companies , ... , tamAnt ravAnlrl unimportant increases and decreases. The trust com panies still show a deficit or zti,iuu in reserve surplus. SLOW WEEK AT YARDS LIVESTOCK TRADE INTERRUPT ED BY THE HOLIDAY. Only Butslness Put Through at the Close Is the Sale of a Load of Medium Steers. What has been a quiet week at the arnckvarda came to a close Wltn omy two cars in and consequently but little hiiRlnesa was done at the wind-up. The sale of a load of medium steers, of 830 pounds average weight, at $6.35 comprised saiuroay b ouoincea. The receipts were 29 cattle. 13 hogs, . ,a -1 Tha shlnnsr, ware: K ana 'o aiioof. - P. Folsom, Woodland, Cel., 1 car of puttie, and C. E. Lucke, Canby, 1 car of OJiocv ..WO ... . The range of prices at tne yarua wa as follows; Choice steers ISf!iI?? Good steers " - yi Medium .far. J-00J 6.35 uSuum cZ.-.: 4.30 6.25 Choice calvea 7,50ffl 8.75 Good ""t!.::::::::::::: SSS Ho Stags -ouW -vv 1 iaht. T.2SO T.OC h.vV ;s Tenrwether. ............... J.MJ 5-83 Omaha IJvestoek Market. SOUTH OMAHA. Dec 28. - Cattle Re ceipts. 1(X); market, ateady. at ve steers, 16 50 09.50; cows and heifers. $3.800.80, Western steers. $5.608.30; Texas steers. $4 756.15; cows and heifers, $3.50S'6.i5, nners7 $S.254.25: stockers and feeders, $4.77.75; calves. $6; bulla, staga. etc. $HofsRecelpts, 7100; market. lOo to 15c lower Heavy, $7.107.25; mixed, $7 7lT; lighT $ti.90i 7.15; pigs, $7; bulk oi "sh"ee'ce'ipts. 100: market, ateady. Vearlings. $5.506.6O; wethers. $4.0 o. ewea. $4.25gi4.90: lambs, $7.i5g8.0O. Chicago IJvestoek Market. CHICAGO. Dec 28. Cattle Receipts, 500; market; ateady. Beeves, $5.70 9.50 ; Texas steers. $4.60S.80; Western steers, $5.7af 1 60: atockers and feeders, $4.25 7.40; cows and heifers. $2.757.50: calves. $6.50910, Hois--Recelpts, 28,000; market, alow to 10" 1 "wer. Light. $7.03 f 7 42 ; mixed. $7 10 7.50; heavy, i7.057.50: rough. $7.0.5 L20; pigs. $5-257.20; bulk of aIes. $i.S0 Sheep Receipts, 2000; market, slow to weak! Native. $4.255.5p; Western $4 25 5.50; yearlings. $6 7.25; lambs, native. $8.10 8.65; Western, I.45?8.63. , Flans for Poultry Show Grow. . UNION, Or, Dec. 28. (Special.) The Union Poultry Association is mak ing extensive preparations for the 1913 show, which promises to be the best in the history of that organisation. The 1912 show far overshadowed the hopes of the association, and the members feel encouraged. Already some prelim inary meetings have been held, com mittees assigned to work, and the date will be fixed soon, probably some time in January. Union is the center of the poultry - raising industry, and many fine blooded birds are owned here. The Interest shown in the raising of live stock at Union finds its counterpart in the raising of fine poultry here, and the people are united in making the ex hibit of 191S a success. if! NEWS IGNORED Wheat Traders Pay No Atten tion to Argentine Reports. ACCUMULATION OF STOCKS Sentiment in. the Chicago Pit Is Bearish and May at the Close Is Three-Eighths Lower. Coarse Grains Dull. CHICAGO. Dec 28. The grain mar kets today fluctuated slowly within very narrow limits. Wheat closed un changed to 9sc under yesterday. The wheat market, while still bear ish on the foreign situation, as re ported yesterday, and the accumulation of stocks in the Northwest, was in the main characterless. Somebody reported rain in the Argentine," but the trade regarded it largely as a cry of "wolf," and ignored it. A range of c marked the wiaesi fluctuation of corn prices. Oats were stagnant and the tone slightly easier. Lower hogs and continued nquiaation of January options weakened pro visions. The leading futures ranged as follows: WHEAT. Open. High. Low. Close. Dec $ .85 $ .S6 $ .86 $ .85 May 91 .91 .HI. -i July 88 .88 .88 .88 CORN. Dec 47U .47 .47 May July ... .48 Vi .48 Vk -48 S 49 .49 .48 -47 OATS. Dec .33 .32 .32 May -1 .32 July 33 .33 4i2 -32 MESS PORK. Jan 17.65 17.55 l'! i'Vi May 17.97 a n.wi n.o- i-o LARD. Jan 9.70 '9.70 9.62 May 9.73 9.75 8.70 8.70 SHORT RIBS. Jan. 9.50 9.55 9.60 BOO jj.ay 9.6-k w-ozft u.ou Cash quotations were as follows: Flour Quiet and unchanged. Corn No. 3, 43&45c; iso. 1 white, 46 47c; No. 3 yellow, 4545c: Nc 4, 42 (aJ2Vic; No. 4 white, 45 & 46c; No. 4 yel low, 42 42c. rtvn Xti. 2. H2itiG3V.C. . Barley Feed or mixing, 48 51c; fair to choice malting, 51&75c Timothy seed $2.75 3.90. Clover seed $18. 76 19. Pork Mess, $16.75 j 17. Lard in tierces, $9.72. Short ribs Loose, $9109.50. rcratn statistics: Total elearancea of wheat and flour were equal to 255.000 bushels. Primary receipts were 1,40",000 bushels, compared with 490, 000 bushels the corresponds day a year ago. Estimated receipts for Monday: Wheat 60 cars; corn. 358 cars; oats, 208 cars; hogs, 52,000 Bead. Puxet Sound Wheat Markets. . . , o c whoa, Rlnestem. qqu., fnrtvrnlrl Ro u. c : club. 79c: rea Russian, 77c Yesterday's car receipts Wheat, 23; barley, 5; corn, 2; oats, 1, hay, 5.. SEATTLE. Dec 28. w neat muekve.u. 88c; fortyfold, SOc; club, 79c; fife, 78c; red nusaiau, i u u. Grains in San Francisco. tlona: Walla Walla, $1.47L50; .red Rus- i a ? 1 AA, Tiirusu rfA X 1.S5 SB l otn l oiuestem, ai.uatu, 1.01 n , V:: $1.33 1.87 ; brewing. $l- etVo ftoq Call board sales: Wheat No trading, Barley December, $1.38; May, $1.32. Minneapolis Grain Market. MINNEAPOLIS, Dec 28. Close: Wheat- December, oittc; o-jv, Cash closing: No. 1 hard, 83 c; No 1 Northern. SlS3c: No. 2 Northern. 79 81c; No. 2 hard Montana, 82; No. i wheat. 77 jnttc. Flax $1.23 1.23. Barley 424j60c. European Grain Markets. LONDON, Dec 28. Cargoes quiet: LIVERPOOL. Dec 28. Close: , Wheat- December, 78 4a; Marcn, in Corn 7s d. Corn January, 5 d. English country markets, dull. Frencn country markets, nonuay. ToffM and Suarar. NEW YORK. Dec 28. Coffee futurea closed steady, but at a net decline of 1j to 20 points. -Sales. 80.250. December, 13.080, January, 13.10c; February, ia.l5c; March, iii.-uc: April, io.uoo, z 13.72c; July. 13.7Sc; August, 13.S5c; Sep temer, October and November, 13.93c 16c. Mild coffee quiet. Cordova nominal. Haw sugar eaay ,ukw. VY 2.88c. Rellned sugar quiet. Cut loaf, 8.70c ; . . . . . . , . , , , i ,1 . , o,., .iiha, R 1 f cruFuea, O.OUC, luuuiu A, tf..uu, u-, . XXXX powdered, 5.0JCJ powdered, oo; granulated fine, 4.90o; diamond A, 4.90c: confectioners' A, 4-73c; No. 1, 4.5c; No. 4 4.60c; No. 3, 4.5c; No. 4, 4.50c; No. 6. 4.45n; No. 6. 4.40c; No. 7. 4.3uo; No. 8, 4.30c; No. 9, -l.zac; iso. lu, 4.2uc; xn. a, 4.10c; Nos. 13 and 14, 4.05c Hops, Etc., at New York. 'NEW YORK, Deo. 28. Hops quiet. State common to onoice, miz, 2io; 15c; Paciflo Coast 1912, 15 23c; 1911, 14 16c Hides easv. Central America, 27c; Bo. Petroleum steady. Refined New York In barreU $5.50; do, bulk, $4.80; Philadelphia, barrels,, ss.jo; ao. bum. i.ov. Wool ateady. Domestic fleecea, SI 32c New York Cotton Market. NEW YORK, Dec 28. -r- Cotton futures closed ateady, 2 points lower to 3 points December 12.59. January 12.60, February 12.50. Maroh 12.56. April l.o, way it.ov. June 12.51, July 12.01, August 12.39. Sep tember 11.85. October 11.73. Spot closed quiet. Mid-uplands 13.10: do Gull i,o saies NEW ORLEANS, Dec 28. pot cotton middling, ,12c Dried Frnlt at New York. NEW YORK, Doc 8S. Evaporated apples quiet, prunes unsettiea. rescues uegieuieu. BIG MILLS OUST HIDUS Drastic Steps Taken In British Co lumbia With Shacks Burned. VANCOUVER, B. C Dec. 28. Dras tic steps have been taken by the man agement of the Small-Bucklln Lumber mills, at New Westminster, . v, in i . . nf vifant nor) ,irv Owing to disclosures that were made .v.A .r.., that MinHtiit hftd heen in the habit of paying foremen on Jobs and otner oujcia-is unu v their positions, the owners of the mills have decided to dismiss almost 100 Hindus and to replace tbera with white labor. The snactts mat iub oniuu, ,o sided in were burned to the ground to day by the company. FOREST FIRE AID SOUGHT State Forester to Ask Congress for Fund for Work in Oregon. SALEM. Or., Dec. 28, (Special.) To urge that Oregon be given an addi tional appropriation from Congress under the Weeks law. State Forester Elliott, who leaves soon tor wasning ton, D. C will carry back with him . v.., nt DpAB-nn delegation lur iniii".-. " w- ..... , . copies of resolutions adopted by the State Board of Forestry. Mr. Elliott will attend a meeting of the American uorestry ABsoc.-ia.uun January 8 and will also attend a meet ing of all of those State Foresters in states which come under the provls- wsk law. The resolutions which he will place before the Oregon delegation follows: "Whereas. The Sixty-first Congress 1 .,. ritv nf th Federal IObUglllCU V.' VJ " " " J - Government to protect from tire tne forested watersheds oi n.viK"c streams, in the passage of the Weeks law; and "Whereas, Under the provisions of section 2 of the said law, the Secre tary of Agriculture during 1911 and t lit 1 . 11 , r, Hro w n n thn sum of $15. 000. which was expended with splendid .. . . . . . . 1. Cat a results unaer toe airecnon ui wvv Forester in protecting from fire the m.,a.,v.,B if nrnrtir.allv everv navi gable stream in this state; and "Whereas, it appears mat. uecuo A , r nA ,ino th, K.CrAtkTT Of AST- riculture iR unable to continoe the co operation on the same scale as it has been conauctea curing me u-ai years; Now, therefore, t . na.nV.ri Thar the Oreiron Congressional delegation are hereby requested to use ineir oeai enu - nki.l. on o i A i Y i rn 1 ftnn r OUT ia t i On tO be expended by the Secretary of Agri culture unaer ini terms oi ie " law in the protection of forested water sheds of navigable streams." BRIDGE FUNDS BIG ISSUE More Than Million to Be Asked of Washington Legislature. OL-YMPIA, Wash., Dec. 28. (Spe cial) More than $1,000,000 for new bridges will be asked of the Legisla ture next month by the various coun ties of Washington. The largest meas ure to be presented will be that re garding the proposed bridge over the Columbia River between Vancouver. Wash., and Portland, Or. Thi struc ture will cost about 31,800,000. of which amount . it is probable Washington will bo asked to appropriate nearly half. Next in importance is the proposed bridging of the Columbia between Ken- newick and Pasco. Benton and Frank lin county Representatives will re introduce a bill calling for an appro priation of $200,000. Lewiston, Idaho, and Clarkston, Wash., want the states to Join in purchasing the bridge across the Snake River connecting the two towns. The bridge is owned by Bos ton capitalists and is of the appraised value of $80,000. Tolls being collected at present are said to amount to about $20,000 a year. Still another Interstate bridge is proposed between Newport, Idaho, and Newport, Wash. The residents of the two towns have kept tab on the num ber of persons using the ferry plying between the two towns at present and will probably present some interesting figures at the session oi tne Legisla ture. Residents of Metallne and Meiaune Falls will seek a bridge appropriation. The cost has not been estimated as yet. Residents of Metaline Falls will seek a bridge appropriation. The cost has not been estimated as yet. DRUNKEN PRISONERS RIOT Alcohol Smuggled Into Guardhouse at Fort Stevens Army Post. FORT STEVENS, Or., Dec. 28. (Spe cial.) One of the most audacious re volts asrainst army discipline that has ever taken place at the local military post occurred about 8 f . lu. Christmas dav. when the prisoners confined in the guardhouse at Fort Stevens re quired armed Intervention to queu tne disturbance they were raising. About 6 o'clock their supper was served in the main cells. Soon after, the guard heard a horrible howling, the crash of dishes against stone walls and a general outbreak. Only the steel doors prevented a rush into the .11 a 1 1, Q U. ...WW.... Tk. r,,o t-a woa VihhHIv formed, their pieces loaded wltn steel-jacKeiea out lets and they marcnea in amuusai mo mutineers, who were forced back into their cells with loaded rifles pointed at their breasts. A rigid investigation la being con ducted to determine wnere mey se cured the Intoxicants. A statement that is given wide credence is to the th-t a hur.ket eenerally used for carrying water into the cell rooms was smuggled into the main ceii nuea wmi alcohol. Alcohol is used for a variety of purposes at the fort, hence is easily obtained. INDIANS ENJOY CHRISTMAS Celebration at School Is One to Be Remembered1 by Students. CHEMAWA, Or., Doc. 28. (Special.) The Christmas season of 1912 is one long to be remembered by the students of the Indian school, and Superintend ent Wadsworth, who made such a Christmas possible, Is highly praised. Monday evening the stud-t fi bled in the chapel, which had been dec orated for the occasion, . . -s pleasure of hearing the cantata. On Tuesday evening, according to the plans, Santa Claus came to the gym nasium and presented the students with a Christmas remembrance in the way of a picture machine, as well- as with Individual presents for each. On Wednesday evening the dance in the gymnasium afforded the. pupils an ex cellent source of amusement. Thursday evening tne students were given the, pleasure of the first moving picture show, it being the first that many ot them have ever seen. The pro gramme consisted of four films, "Herod and the New-Born King." "The Old Actor," "Battle Hymn of the Repub lic," and "Alkalio's Bride." GRAIN BAGS FACE DOOM Price of Sacks Arouse Farmers to Talk of Building Elevators. LEWISTON, Idaho, Deo. 28. (Special.) There is a persistent cry set up all over the Inland Empire by the farmers' unions, in remonstrance against the hleh prices that they are compelled to pay for grain bags. The farmers unions have called their members to gether for the purpose of solving the qUThelsentiment seems to prevail that the farmers should abandon the use of bags entirely and substitute them by handling their grain in bulk and in ele vators. This season the farmers have been compelled to pay exorbitant prices for the grain sacks, ranging in price between $100 and $125 per 1000. The farmers seem united that to oope with this condition and to meet the ap parent shortage of cars they must erect grain elevators at once. This year sev eral million bushels of grain are yet in the warehouses awaiting shipment to Coast points. " Cougar Is Christmas Present. ALBANY, Or., Dec. 28. (Special.) A cougar which measured seven feet in length was a Christmas present re ceived by Earl Stitt, a young man re siding near Foster. At any rate, his dogs treed the animal on Christmas day and he shot it. Stitt brought the skin of the animal to the County Clerk's office in this city last evening and collected the state bounty of $10. Miss Amy Lowell, aiswr of President Lo-voll, of Harvard, has Issued a volume ot poems. LAWYER SEEKS -MERCY 'FATHER OF DIVORCE COLONY" BJEGS FOR IM3IUXITV. Living Hard in Canada, Whcrr Winters Are Cold Dismissal of Indictment Asked. RENOi Nev., Dec. 28. (Special.) William N. Schnitzer, of New York, known as the father of the divorce col ony of Reno, in a letter to District Attorney Woodburn seeks the dismis sal of an indictment of subornation of perjury, the outgrowth of testimony riven in the case of Corlnne Bell against Frank J. Bell, who were mar ried April 5, 1908, at San Jose. This case was dismissed. An indictment for perjury is still pending against Mrs. Bell, who is a sister ot Mrs. Charles Murphy, of San Francisco, who left Reno June 24, 1911. the day tha in- Hiotmtttita war,. rptumnd following her appearance before the grand Jury. Schnitser hao Deen uisoarrea months before being indicted, on the ground that he had misquoted the Ne vada laws in widely-spread advfrtlse ments for divorce cases, and was in New York when indicted. He describes in his letter his ef forts to make a living there while un der the stigma of Indictment, and says he left in January for Canada, where he has been making a bare living at Winnipeg as a real estate salesman. Being unable to stand the rigorous Winters, he desires that the Indictment be dismissed, so he can return to his "own dear country" and make a living at law, his intention being to reside in California. MEEKER OXEjrTO BE SLAIN Hides Will Bo Stuffed and Meat Fed to Guests of Tacoma Zoo. TifdWA. Wash.. Dec 28. (Special.) Sirloin steaks and rib "roasts" will be fed to tfie animals In Point De fiance Zoo soon after New Years. The linn, and nther feline beasts, which are usually fed on "cnuck" at 8 cents a pound will have about 6000 pounus of meat, f.,a Vf b-t-' twn nv Pn . which hauled the old pioneer in his prairie . ,.. nnn II-.- I m. h I a scnooner neany ia,vuu iii,wo three trips over the old Oregon trail, will furnish the feast for the ioo. With the delivery of his pioneer trail blaz ing outfit to the Park Board, Ezra Meeker said he did not care whether the oxen were placed on exhibition alive or stuffed, and because it is the cheaper way the board will use only , the hides. The Park Board figures that the meat from the two 2500-pound car casses will pay for the taxidermist's services. About 60 pounds of meat is fed to the Zoo animals every day. The two oxen will save the board about $450 in meat bills and this is about what it will cost to stuff the hides. A small house is being built in which the Meeker oxen will be exhibited. The oxen will be hitched up to the wagon Just as in life. A monster map showing the itiner ary of the Old Oregon Trail has been finished and this will be exhibited with the team, as will many of the trap pings and personal effects of Meeker. ORANGES PICKED ON CANAL Panama Stretch of Two Miles Popu lar Way to Rowers. VANCOUVER, Wash., Dec. 28. (Spe cial.) Along the Panama Canai for more than two miles at a stretch, one can row in a boat and pick oranges all the way, according to a communication from P M. Bates, a steam shovel en gineer, to his son, W. C. Bates, an at torney of this city. The water is backed up from tne umun u-.ui, " seems to be a general Inundation. The water there is now about 65 feet deep. It will be 85 feet deep in the canal when it is turned in. Mr. Bates is now at Culabra and the place mentioned where oranges may be picked Is oetween i,p..um i, BITULITHIC STREETS Are an- Aid to Horses on Wet Days OVERBECK & COOKE CO. Brokers. Stocka, Honda. Cotton, Grain, Kte, "l-2t7 BOARD OF TRADE BLDO. MfciMBKHS CHICAGO BOARD Ot TKAUiS. Correspondents of Logan Bryan. Cbicaao and Vork. MEMBERS JVrtv York Slock Exchange Cblrago Muck Excbanicc, Hostoa Stock Exc-lianga, L blcaao Board f Trade. New ork cotton Exchange, New Orlenna Cotton Exchange New Vork Coffee Exctaanae, New York 1'roilui-e ExcbauKO. Liverpool Cotton Aaa'n. J.C.WILSON&CO. STOCKS. BONUS. CRA1.H AND COT'iO.U MEMBERS NEW VORK STOCK EXCHANGB, NEW YORK COTTO.M EXCHANGE, CHICAGO BOARU OK TH4UK, THE STOCK AND BOND EAUAA&H. SAN FRANCISCO. PORTLAND OFFICE: Lewis Building, 269 Oak Street. Pfcpc- Marshall 4120 A 4137. TRA V E LK R3' OXIDE. COOS BAY LINE STEAMER BKBAK WATER sails from Alnsworth dock, Portland, at A. M. December I. and thereafter ereH Tuasdaj avanins at P. at. Prslsht r. calved dallj axcapt Tuesdays up to ft P. a Tuesdays up to S P. M. Passsnsar f ai a tirst-clau. lit; aecond class. It. Includli berth and meala Ticket office at Alas worth dock. The Portland Ceoe Bay M Line I l U. Keating. Agent