The Sunday Oregonian., October 18, 1914, SECTION TWO, Page 15, Image 35

THE SUNDAY OREGOXIAX. PORTLAND.' OCTOBER 18, 1914.
15
WHEAT SALES HEAVY
Million Bushels Change Hands
in Past Week.
PRICES ADVANCE FAST
Club feells at $1.01, Gain of Six
Cents in Six Days Bulk or Buy
ing Is for Export to Europe.
, Speculators Active.
The week closed in the wheat market
with prices strong and higher. Club
bought at country points at equal to $1.01
here, and fortyfold at $1.03. No business
was put through at the Merchants Ex
change In spite of the high prices bid. as
sellers went into hiding.
As compared with the quotations of a
week ago. club wheat has advanced 6 cents
In this market and bluestem 4 cents.
In the same period the Chicago market
has risen ZA cents for December and 8
cents for the May option. Liverpool closed
yesterday 4 pence higher than a week ago.
A conservative estimate of the amount
of wheat that has changed hands in this
territory during the week is 1,000,000 bush
eis. Farmers have strong ideas, but higher
bids induced many to sell. The bulk of
the buying was. of course, for European
account. Speculators also took a hand
and loaded up when they could.
Bid prices at the noon session of the
Merchants Exchange were 1 to a cents above
those of Friday. For bluestem $1.00 was
offered, for fortyfold $1.04. for club $1.01
and for red 5?9tt cents. The attitude
of sellers was shown by the spread of 2
to 0 cents between the offered and the
asked prices.
It Is the general belief that wheat mar
ket conditions throughout the country have
now adjusted themselves fully to a war
basis, and as long as the European strug
gle continues the market -YiU pursue its
course along strong lines. The general ex
pectation is that the war will continue
through the Winter, but, however that may
be. damage enough has already been done
to materially alter the supply situation so
far as European wheat is concerned.
There was some expectation that Ger
many would be able to obtain some of her
wheat fhrough Holland and the Scandi
navian countries, but Holland has issued
a decree that no wheat imported into that
country can be re-exported to Germany. It
has been estimated by a competent au
thority that If Argentina. Australia and
India come forward with their usual Quota
during the coming season wheat supplies
will be ample for the requirements of the
Importing countries that are accessible, but
it would appear that the possible supply
and possible demand are so nearly balanced
"mi mo scaies can ue easily turned in
one direction or the other.
There is much speculation as to what
would occur if the war should end sud
denly. It is believed there would be
serious disturbance in the market situation
and the sentimental effect would be felt at
first with the proLable drop in prices, but,
as this would' undoubtedly lead to an in
crease In the export demand from coun
tries that have hitherto been unable tr ob
tain their supplies, the market would un
doubtedly rebound. The uncertain factor In
the situation would be the position of Rus
sia, for she undoubtedly has a large sur
plus or wheat not only from the present
crop, out from last year s production also
and which she would be willing and aaxlous
to market.
GRAPE MARKET FIRM AND ADVANCING
Tokays Are In Strong Demand, bat Few Are
to Ue Hud.
crapes were tne strong feature of the
rruit market yesterday. California Tokays,
which were scarce, will sell at $1.10 Mon-
aay. 1 ne southern market is firm and
rain in that state is holding up shipments.
1 here was a strong demand for local To
kays, but few were to be had. the only
gooa shipments coming from Grants Pass
Local Concords were in fair supply and firm
at lo cents a basket.
There was an active demand for cheap
w meaium-priced apples.
Writing from San Francisco of market
conditions, T. Pearson says:
The weather in the vegetable-growing
sections in San Mateo and Santa Clara
counties south of San Francisco, has been
ideal for the past six months. Plenty of
rain in the early Spring and cool misty
days and nights during the Summer, which
conserved the moisture. The result Is
large crop of all kinds of vegetables and
of very high quality.
"The cabbage and cauliflower now com
lng in are equal In every way to the besc
Oregon grown. Of course, with the hand!
cap of transportation nearly 1000 miles. It
would not be fair to put the fresh Oregon
stock In competition at destination. At any
rate, when the local vegetables are gone
there will be a supply of fine quality from
here, and at prices cheap enough to eat,
"The fruit market here presents a fine
appearance. The weather is ideal for Btraw'
berries and raspberries, which are In heavy
supply and of good quality. If certain vari
eties are finished in the valleys they ship
them from the mountains, and it all finds
Its way to San Francisco. About the only
fruits not on the market are currants and
cherries and all kinds, temperate, semi
tropic and tropic fruits are a glut and sell
ing at prices which force the consumer to
buy whether he wants to or not."
buying will be resumed on an active scale
in the coming week, but others do not look
for much business until after the election.
McNeff Bros, yesterday bought two lots
in the Dallas section at 10 and 11 cents.
H. I. Hart bought 51 bales at Dundee at
10 cents, 90 bales at Eugene at 9 cents
and 130 bales on the West Side at 10
cents.
The Schott crop of 200 bales of Yaktmas
was bought by Huntington at 12 cents.
No Shipping Trade in Potatoes.
The potato market is weak with the only
demand for local account. Sales have been
made by farmers at 60 cents, country
points. No shipping business is possible now
owing to the cheap offerings by Idaho and
California growers. Idaho shippers, with a
60-cent freight rate to Texas, have control
of that market. Prices in the San Fran
cisco market have declined to 60 cents. This
is one of the years when Oregon has a short
crop, but does not seem able to profit by
the circumstance because of the large crops
in other sections,
Poultry Market Closes Steady.
The poultry market closed fairly steady.
Receipts were light and cleaned up without
much trouble. Kens were wanted, espeplal
ly large ones, at 12 cents. Springs sold
at 12 cents. Dressed meats were again slow
and weak.
The egg market was firm, particularly
for candled Oregon ranch, the supply of
which was limited. Dairy produce market
conditions were unchanged.
Local Grain Receipts.
Local receipts. In cars, were reported by
the Merchants Exchange as follows:
Wheat
Monday 121
Tuesday 40
Wednesday ... 6-t
Thursday f;j
Friday rj
Saturday . . . 77
Tear asro ... r.f
Total this week 433
Year ago 394
Season to date. 6341
Year ago 6053
Barley Flour Oats Hay
7 30 21 31
16 7 9
18 4 30 14
4 7 7 5
4 10 6 10
r io 10 5
IT. 4 3 6
30 67 81 74
107 51 70 6.1
M0 862 77 6S
1049 733 717 777
Rope Prices Lower.
There was a sharp decline of 2 cents In
Manila rope yesterday, and Sisal quotations
were lowered a quarter of a cent. Sisal
and other ropes advanced at the outbreak
of the Mexican war, and are getting down
to the normal basis again as conditions "in
that country become more settled.
Abe Cobn and Higher Prices.
A. Cohn. of the Northern Grain and Ware
house Company and official caller of the
Merchants' Exchange, Is back from a trip
to California. Mr. Cohn's resumption of his
official duties at the Exchange was the sig
nal for an all around advance In prices.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Portland $1,087,401 $l4.4!tl
Seattle 2,594.275 462,814
Tacoma 35.3,303 32,323
Spokane 714,136 72.008
Clearings of Portland. Seattle and Tanoma.
for the past week and corresponding week in
lorrner years were
MILLING ASSOCIATION IS FORMED
California Hop Growers Organize and Will
Take in Kntlre Cout
The aim and scope of the New Pacific
Coast Hop Growers' Union, which has been
Initiated by California growers, is shown by
the following agreement, which was signed
by Mendocino hop men at the first meeting,
held at X'kiuh :
"We. the undersigned, hop growers of
Mendocino County, bind ourselves mutually
together as an organization to be known as
the Mendocino County Hop Growers Asso
ciation of California.
"The object for this association Is for the
collection and dissemination of useful In
formation concerning the growth, harvest
and sale of our hops to the best advantage
snd for the mutual protection of Its mem
bers. "The plan Is for a simitar organisation
exclusively of hop growers to be formed in
every hop-growing section on the Pacific
Coast to the organization of. which we
pledge ourselves to make every effort. When
the percentage of the hop-growing counties
secured is satisfactory to the board of di
rectors. It is the Intention to organize a
Pacific Coast Hop Growers' Association
membership in which shall consist only of
the county associations. The parent asso
ciation shall be formed at a meeting to be
later designated held at some convenient
antral point to be attended by delegates
duly elected of the county associations of
ashington. Oregon and California.
"At the organization of the Pacific Hop
Growers' Association so attended by these
delegates a principal place of business shall
'-n uu agrees upon and ways and
means will be devised for the proper hand
ling of the hop crop at a fair and just
price. AM the details of which will be
worked out and settled at that time by this
association, and it is understood that the
principal function of this association shall
ue me wi toe raciric Coast hop
to the best advantage."
1014 ..
1913 ..
1912 ..
1911 ..
91 ..
S0 . .
90S ..
907 . .
90 . .
90.1 . .
1904 . .
103 . .
19f2 . .
1001
Portland.
.$12.573.06H
. 14.905.9S9
. 15.35M.8Mft
. 13.005,755
. 12,013,302
. 9,223,285
. 6,711,317
. 8.591,303
. 5,932,247
. 5,280,236
. 4,509,770
. 3,704,103
4,015,446
. 3,159,131
Seattle.
$13,321,016
15.743,691
16,092,603
12,910,506
12,102,939
13,411,014
9,039.258
11,820,711
10,314,832
6,690,253
5.541.8N0
4,847, 7S3
4.086,357
3,628,613
Tacoma.
$2,077,086
2,323,014
4,734,467
4.633,064
5,724,987
6,123,367
4,772,114
5. 03 S. 231
4,548,561
3.724,700
2,897.586
2,135.836
2,065,419
1,271,257
CROP IS GUT DOWN
Australia May Have No Wheat
to Export This Season. '
CHICAGO MARKET ADVANCES
Estimates Arc Made That World
Shipments Next Week Will Be
I.ess Than Average large Ex
port Buying Is in Progress.
CHICAGO, Oct. IT. Sensational crop Ion
report, ironi Australia were largely respon
sible today for a continued advance in th
price of wheat. The market closed nervous
at ? to lc above last night. Corn fin
Ished It to lc up. oats with a grain of
ffcgi'lc, and provisions strung out from 10c
decline to a rise of 20c.
It was speedily apparent that if the estl
mates received today were substantially cor
rect. Australia was limited for this season
exDorter of wheat. It was satri the
total yield would be 75.000,000 bushels short
compared with that of the previous 12
months and would virtually wipe out an
chance of exports. Estimates that world
shipments next week would be less than the
average required were also adverse to th
bears. An additional upturn ensued because
of the large export business in progress
here and at Kansas city and Duluth. Liv
erpool dispatches Intimated that Importers
were alarmed over the chance of getting
future supplies In case of war complica
tions becoming more acute.
Corn traders -eered strongly to the buy
Ins side. Country holder, were said to be
refusing to sell either old or new corn, ship-
piuer demand was more urgent, and there
were numerous complaints of damage from
wet weatner.
Prices for oats were stimulated by rumors
of Australia buying cargoes at New York,
an occurrence said to be without a prece
dent. There were also bullish advices re
garding the Canadian crops.
Provisions averaged lower, reflecting
decline In the hoe market. On the down
turn however, there was a fair general de
mand. Influenced somewhat by the strength
or grain.
The leading futures ranged as follows:
WHEAT.
Open. High.
.$1.13 1.14
. 1.19 l.l-O
CORN.
. .67 .6814
. .69H .7014
OATS.
. .484 .411 H
. .51 .SSii
MESS PORK.
.18.60 18.67 i 18.60
LARD.
10.32 10.25
10.02 M, O.UJ'A
SHORT RIBS.
Dec.
May
Dec.
May
Dec.
May
Jan.
Nov.
Jan.
Low.
L13
1.19
.07
.6914
.48 4
.51
.10.33
.10.00
Close.
1.14H
1.20
.67 74
.7014
.48 Vt
.62
18.6714
10.30
.7 n
Oct.
an.
11.00
9.72 H
PORTLAND
MARKET
QUOTATIONS
Grain, Hoar, Feed, Etc.
Merchants' exchange, noon session:
Wheat Bid. Ask.
Bluestem S1.06 S1.12
Forty fold l.o 1.07
Club j.oi
Red Russian ................... .W5 98
lied Fife ye I8
' Outs ,
No. 1 white feed. .............. ,25.50 27.00
Karley
No. 1 feed 21. OO 22.50
Brewing , 22.CO
Bran fca.oo 23.50
Shorts 23. OO 24.50
All quotations for prompt delivery.
MILLKBED Spat DtieeSv Bran,-
per tun; shorts. $2728: rolled bar
ley. X.'B&ZT.
FLOUR Patents. 15.40 oar barrel
rtratghts, $4.60: giaham, $5.40: whole wheat,
$5.60; exports. $4.20 4.40.
CORN Whole, $37 per ton; cracked. $3$
AY Eastern Oregon timothy. $15,600
16.00; grain hay. 10j11: alfalfa, $12.00
Fruits and Vegetables.
Local Jobbing quotations:
TROPICAL FRUITS Oranges. $2.50 93.00
per oox; lemons. So4tE.30 per hox: bananas
4Vic per pound; grapefruit. Florida, 4 9
.jo; pineapples. 6i7c per pound.
VEGETABLES Cucumbers, 30c per doz.
eggplant, tc per pouud; oeppers. &&6c per
pouna; articnoKes, line per dozen; toma
toes. UOjjiDOc per crate; cabbage, lc per
pound: peas, luc per pound; beans. Be per
poana. celery. 5uiS7oc per dozen: cauli
flower, 7oc per dozen; sprouts, 10c per pound.
ONIONS Yellow. 1Hjc&$1 per sack.
GHE. FRUITS Apples. 66c $1.50 per
nox; cantaloupes, 141.50 per crate; ca
sabas. $1.25 (it 1.50 per uozen; pears, SOcQ
tl.75; .grapes, 75c S $1.23 per crate; cranber
ries. $Sut.i per Larrel.
POTATOES Oregon. 00fl.10 per sack;
sweet potatoes, 2c per pound.
Dairy and Country Produce.
Local jobbing quotations:
EGGS Fresh Oregon ranch, case count.
32 u 33c; candled. 35 4 37 lie; storage, 2714
POULTRY Hens. 111412c; Springs, lli
ftlJc; turkeys, young. lb&20c; dressed 22
ioc: ducks. 10&14C; geese. 10c.
BUTTER Creamery, prints, extras, 34
3oc per pound; cubes. 3031 14c.
CHEESE Oregon triplets. Jobbers' buying
price, loo per pound f. o. b. dock Portland
young Americas, ltic per pound.
VEAL Fancy, 12?12V4c
POKK Block. 9toi',sc per pound.
Staple Groceries.
Local Jobbing quotations:
SALMON Columbia River one-pouna
talis, $2.30 per dozen: half-nnnnrf n...
$1.50; one-pound flats. f2.oi; Alaska, pink.
one-pound tails, f 1.05.
HONEY Choice. $3.23 per case.
NUTS Walnuts. 1920c per pound;
Brazil nuta. 14c: filberts uaiv..
X3c; peanuts, 5&6c; cocoanuta, $1 per dos-
mall white, fl c. - -- ..-
6!c; Lima, be; pink, 64c; Mexican. 71.ii
bayou. c ' "
COFFEE; Roasted, in drnrr.. i.u..u.
per pound.
8LJA11-Fruit and berry, $6.60: 1 jet
$G.t0; extra C. 0.oU: mudr.d U. ...
- - e aaa mtm.
6ALT Granulated. $15.60 per ton: bait
ground, looe, io.7S per ton: so. $1L SO ear
n; aairy. $l& per ton.
KICE No. 1 Japan, 6Hc; Southern head.
14c; Lsland, 60.
6U
DRIED
FRUITS
crop
YAKIMA
HOPS
BRING 13 rryrs
Two Hundred Bale Crop Is Bought by
Huntington.
The Oregon hop market has quieted down
after the big buying flurry in the earlv nan
of the week. Some of the trad. re believe J 61c; ten-case lota, lo leas.
InnlM ai.
pound; apricots. 14 16c; peaches. T14o
prunes. Italian. lUbUUe: -..rr.n. o?.!
raisins, W814C; Thompson in.,.
bleacned Sultanas, bo: seedjui 7i.'i..
dates. Persian. 771o per pound? Jaro!
1.4o per box.
Hope. Wool, Hides. Etc.
HOPS 1014 crop. Sliaile: ion
nominal. '
HIDES Salted hides. 13e o.r
kip. 13c: salted calf. n.r .T .' rt:
dry hides, 24c; dry calf. 26c; salted 'bulla.
10c per pounu; green bulla, 814c.
WOOl. Valley. 17aioc: Eut., n..
152uc nomiiiaL
MOHAIR 1914 clip. 2714c per pound.
CAoCAKA BARK Old and n.- 7
pound. "
PELTS Dry, lorailc: dry h,. ,
8c: dry shearlings. lOiulic each; gresn
shearlings. 154 20c each; Spring lambs. 24
Vc, giccu ...., ui:iuuer, bv-'TOC
Provisions.
HAMS 10 to 12-pound, 20He2IUr 11 ,
10-pound. 201s21l4c; 14 to 18-pound, i.ol
211c; skinned. 17fe&21c; picnio, 141,0.
auu.i .weaxc: atanaard. 25a
28c
DRY SALT CURED Short clear backl.
14 617c. exports, 15M7c; plates. 1113-
LARD Tierce basis: Pure. 1214 a i,
compound. USc.
OUe.
KEROSENE Water white, drums, bar
rels or tank wagon, 10c; special drums 01
barrels. 1314c; cases, 1714$20!sc
GASOLINE Bulk. 14c; cases. 21a En
gine distillate. drums, 714o; cases, 140.
Naptha. drums, 13c; cases, 20c.
LINSEED OIL Raw. barrels, 7c; raw.
cases. 72c; belled, barrels, bite; boiled, cases,
74c
TURPENTINE In tanks. 60c; la ease.
9.70 9 75 flKTU
.asn prices were as xouows:
Wheat. No. 2 red. $1.1114 tjf 1.12 14 ; No. :
hard, $1.1 1 14 1.12 14 . x
Corn. No. 2 yellow, 7314 074c; No. 3 yel
low. 7314 73 14 c.
Oats. No. 3 white, 45M7iic; standard,
47Hi&48c.
Rye, No. 2. lo.
Bailey. 57 74c.
Timothy. $4 95.25. '
Clover, $11(3.14.
Pork, $17.60.
Lard, $10.55. -Ribs,
f 10.75 11.50.
Puget Sound Wheat Market.
TACOMA. Oct. 17. Wheat Bluestem.
a.uo; xortyxoio, a; club, vac; I tie, Vt 41
Car receipts Wheat 68, barley 3, corn L
oats e, nay 12.
SEATTLE. Oct. 17 Wh.jil RlnMt.m
fl.3L fortyfoll ,$l..0ji fU- iUiiiwiiLcawea
red Russian. 93c: Turkey red fia
Yesterday's car receipts Wheat 23, oats
so, nay s. flour 13. barley 3. corn 1, rye 1.
San Francisco Grain Market.
SAN FRANCISCO, Oct. 17. Spot quota
tions: Walla Walla. $1.6301.15714: red Ru.
fi.oui.oz; Auraey red, $l.iO1.75;
bluestem. $1.751.S0: feed barley, Il.uTU
1.10; white oats, $1.40; bran, $26; middlings,
' 1 , 1 91 . . . -in . . .1
" ' ' - " 'U t -
Call board Barley: December, $1.1214;
May. $1.2-1; October. $1.10 asked.
Minneapolis Grain Market.
MINNEAPOLIS. Oct. 17. Wheat De
cember, fl.11; May, $1.17H: No. 1 hard,
1.1414: No. 1 Northern. $1.10 & 1.13 14 ;
No. 2 Northern. $1.07 ia 1.11. -n.
Flax. $1.38 2 1.3514.
Barley, o7 4j66c.
FOX CULTURE IN YUKON
PRICKS O.VLY QUARTER. OF THOSE
PAID LA alt' YEAR.
there was a rumor of a fair tonnage of low
.. ijj-nui un iron sola to cngiana.
8AJJ FRANCISCO PRODUCE MARKET
Prices Quoted at the Bay City ea Fruits,
Vegetables, Etc.
SAN FRANCISCO. Oct. 17. Fruit Plne
applea. $1.500 2; California lemons. $1.75&
4.25; apples. Baliflowers. 40&OOc; bananaa,
$1&1.75: Mexican limes. $3tS5.
Vegetables Cucumbers, 25&50c; string
beans. l&214c; eggplant, 25&5oc; tomatoes,
200 25c.
Ess" Fancy ranch. 48c; storage, 80c.
Onions Yellow, 8540c
.?h,.e" Young America. 12 14 15c: new,
106 14c; Oregon. 1414c: Young America, 16c
2Sc"tter 1,Jlcy "eamery, 31c; seconds.
Potatoes Delta Borbanka. per sack, 60c;
sweets. $1.40 160 per sack; Salinas Bur
banks, $1.40 1.60. . N .
Heceipts Flour, 5402 quarters: barley,
10,755 centals; potatoes, 4405 sacks: hay.
130 tons.
Coffe and Sugnr.
NEW YORK. Oct. 17. The coffee market
continued very quiet today. Cost and freight
offers from Brazil were unchanged and the
local spot market was more or less nominal
in the absence of any important business,
with Rio 7s quoted at 6 fee and Santos 4s
at 1014c The voluntary liquidating com
mittee of the exchange will extend Its see
son from one to two hours beginning Moa
day, supposedly In anticipation of in
creased transactions as a result of accept
ing fresh buying orders and aales of Decem
ber contracts were reported at 5.50c today,
comparing with 5.35c yesterday morning
Raw sugar quiet. Molasses, S.74c- centri
fugal, 4.39c. Refined, quiet.
CATTLE MARKET HIGHER
STEERS ADVANCE FIFTEEN CENTS
WITH SHORT RUN.
GAINS MADE -WEEKLY I
Continued Improvement
Financial Situation.
in
amendments to the by-laws which are ex
!T5 . V w e "uy e-nproved and flnall
u"''ul early in tne week. Tal
k - t " . .. L cuange eariy in .Novem
is a 1 111 uearu.
New Orleans spot quiet. 6 : aalee 943.
(Sterling Exchange.
AGW YORK. Oir 17 VI .11 .
1 per cent; sterling exchange easy. For
i Ti "m. -.i.-.i; tor cabiea. $4.98.25
' .IM.llU, ....-'I. J.
Bar silver. 50 Sc.
SAN FR.A VOTsm rwt -IT vi i
lars. 41c Drafts, 'sight lc: telerrmnh s-
'"""fc uemanu, 14; cable, $4.08
MONEY MARKET IS EASIER
Oct. 17. Bar Silver. 23 lid per
LONDON
ounce.
. . Bnk of .England today received
iouuv in oar goia and 11. 226.0OO In Amer
te Reopen.
Expansion of Credit Vpon Sound
Basis IVill Materially Help Busi
ness Conditions, Says Henry
Clews, of New York.
Henry Clews, the New York banker.
writing- of financial conditions and the!
outlook, says:
Each week marks further improvement In
the financial situation. The position of
Chicago Stock Exchange t
l-lllLAliU. UCL 11. Uh a - n. ... .n .
to reopen the Chicago Stock Kirhi.i.. h.
not reached the official stage. It was learned
today that Influential mmK.r. K-ii--. ,k.
the resumption ef business, confining it to
locaj securities, is possible. November Is
lomaiive aaie set for reopening. It ws
wu.u.cu urn inu conaitlona affecting th
and there would be practically no danger of
.. o.Bu iiquiutuon wun trading confined
- -w, .111 as ana oonas.
Naval Storea.
8 XV ANN AH.. : . Oct it t... .,
" . , ' -' Mies; receipts. 1 tt I bar-
a'rrels! 131 oarrei,i toca, 20.717
Rosin, nominal
Better Quality la Swine Arrivals Sheep
Market Klrm, With Good De
mand for Wetkers.
The livestock market was quiet yesterday,
as is usual on the last dav ne th wir
The only sales were two bunches of nogs,
one of 77 head, averaging 149 pounds, at
i.du, ana UUv.nead, a eraginx 107 pounds.
at su.oo.
Receipts were S7 calves. :tr,s hn dh
nucTTi. omppers were:
with calves J. W. Sevier. Eugene, 1 car.
C. E. Lucke. Canby, 2 cars.
w un mixed loadsP. H. Decker, Gervais,
' nuo 111 11 BUCBD: Will Klnub I r. .1
pendence. 1 car hoas anri ah an
The official weekly market report of the
a WI utiiiu umon DcocKyaras Company fol
'Receipts for the wet-lr hava xu - .
ne, ioij:. calves. 11; hn :tiK- .h.n
8124. '
'Cattle run short nomnararl wltH ioa a-aab
Some very good steers arrivlnr which rom-
manded a premium. Steer market closes
higher thtj last week, showing an advance
" cluuui 0 cenil. LOW! anrl hntfr. waalr
All other classes stead v.
"Hog market opened for the week with
a small run and continued short until end
-warKet Olstineulsbed hv n
nee r 5 to 10 cents and muoh K..t.i
quality of arrivals
foheep continue stead v nnil firm i,a
week. Somewhat increased arrivals. Yearling
wethers are in excellent demand, while
lookout for lambs declines. Prim i.mhf
$5.S5 to tf: ewes. S4 to z4.ar- varii...
So to $5.50: wethers. C4.TS tr. sr. 4n
B are representative of
170 steers. .
3Z steers. .
29 steers. .
f5 steers. .
87 hoes. . .
12U6 hoKS. .
378 hogs. ..
01 nogs. . .
24 lambs. .
19 ewes. .
Wt. Price.
1129 S7.15
llOo 7.UO
lOltl
1K3 tf.85
214 7.501
103 7.50
175 7.4u
17 7.40
71
132
32 cows. ..
12 cows. . .
06 cows. . .
30 cows. . .
2 bulls. ..
2 heifers.
2 staB. . .
4 calves. .
te.0OI 36 yearl. . .
stock at the yards follow:
CatUe
Prime steers ............
Choice steers ............
Medium steers ...........
Choice cows
Medium cows ............
eners ......
Wt. Price.
1134 $5.90
l73 5.83
1174 6.75
1001 6.50
1JW1 4.C0
751 6.00
1331 5.50
31 6.G0
87 6.&0
1 118 6.40
classes i
Bulls
Stags . .
hoti
Light ..
Heavy .
Wethers
Ewes . .
warn ba
6.757.25
tt.50oe.7ft
e.25r-
.ooa.i
6.2545.76
5.506.25
B.UU04-76
..... a. 4U O Bw UV
7.009T.50
p .00.6ft
4. 00 3 50
3.50(4.35
....... S.UU
Omaha livestock Mark.
. SOLTH OMAHA. Oct. 17. Hogs Receipts
?ilr l 4LOWer Heavy. 7.107.40
i'f.!' i5-,-1;T-f-iA'; P11- -507.25; bulk ot
sales, 7.157.30.
Cattle ileteipts 100; market, steady. va
i-'n"1"!?' J-4 10.50; cow. snd heifer.
$.0 I.20- Western steers. &a.40- t-.
ers. n.w.io; cows and hifn. lit il..m
calves. 7.7S10.25.
out en Mpf fintu i rwi .
Veariings. $u.o-jj5tt.i6; wethers. tZuzKiL
am us. (, T.tiO. ' 1
Chicago Uvestock Markets,
000- heavy grades steady, others 5c to 10c
Haht $7.2..flJ .90; mixU. S7.15-28r heavy
rough $77.13; pigs. S4.SoV7.257
Cattle RpceiDta Ron- rrw.,-1,.. Z.l-
Territorial Law Requires Animals Mast
Be Kept In Captivity Two Years
Before Exportation.
Consular Aeent E. J. White, of White
Horse. Canada, writes of fox culture in
Yukon as follows:
"While the fox markets nf Tramtmir, r.n.
ada. principally in New Brunswick .n..
Prince Edward Island, are. nractlcallv the
same as last year, the prices paid here for
youn foxes this season were only about
one-auarter of those iaid last year. This Is
due to a law passed by the Yukon Territo
rial Legislature in March. 1914, providing
that a fox from the wild state must be kep:
in captivity two years before it can be ex
ported. Animals born in captivity may be
exported at any time.
As the maloritv of the younc foxes can.
tured are taken by Indians who are not
prepared to keep them for any length of
nme. tney are oouznt by fox farmers' of
whom there are now about 12 In Yukon
Territory, and kept bv them until such time
as they may be legall-y exported. The re
sult of the tjassaee of the law forbidding
me exportation or captured younr foxes has
prevented outsiders from buying for imme
diate exportation, as was done in previous
years, and in consequence prices are now
much lower. A silver-gray pup 3 months
oia. wnicn one year asro brought SS00 to
$1050. now sells for $130 to S250.
juring the latter part of the Summer
and Fall of 1913 more than half the foxes
in cantivitv in Yukon died from some mal-
adv that the owners were unable to combat.
TWs season there has been no disease among
animals in captivity, and in the same pens
where there were dozens of dea'ths last
year, foxes are doinc well and growing at
least as rapidly as they would In their wild
state. -Ot three litters of pups in one pen.
it in aii. t4 are nvmsr ana are now larger
and in better condition than captured foxes
of the same aae. Foxes do not always
breed while In captivity, and In some in
stances th"mother destroys her young as
soon as thev are born.
'At nresent there are about 300 foxes In
csptivitv in Southern Yukon, of which fully
50 per cent are crosses, the remainder being
silver-cravs and blacks, the -former exceed
ing the latter In number in the proportion
of three to two. In the majorifcy of cases
the owners are holding them for breeding
purposes."
DOMESTIC STEEL TRADE IS LIGHT.
As Orders Tecreae. Prices Are "Working
Lower. NEW YORK. Oct. 17. The steel trade was
more conscious of depression this week than
at any time since the beginning of hostili
ties in Europe. Orders for rolled products
from domestic manufacturers apparently
were the smallest of weekly record and
specifications against contracts nave fallen
to a point which will permit scarcely more
than 40 per cent of total ingot capacity to
be operated. As orders decrease, prices re
cede in proportion to the anxiety of the
mills to make sales.
The principal railroad orders last week in
cluded l."00 tons of rails and 15 locomotives
for the Minneapolis &. St. Louis, and 1000
steel car under frames for the Louisville Sc
Nashville.
Steel building work was light throughout
the country, the fabricating shops reporting
orders for scarcely t00 tons of steel, includ
ing 2000 tons of railroad work.
The blast furnace interests gave evidence
of greater depression with heavy concessions
made for even small tonnages of foundry
iron in the eastern territory. There was
also a decline in prices in the Central West, I
with very few transaction Rom imll Mm
of foundry iron ware sold lor export and $3ul.7iA),
sa.fiot&n ? -ts ; .J
tockers and feeder. m. u i.. J
h.-nw ! 4,.,f. : " ... J ?"' ana
. vccifba., iuw, marKet. steady
??eeP- -.7aStftJ; yearlings. 15.50&&4O: lmh.
tf7.&5.
COTTON EXPORTS GROW
SHIPMENTS OF BREAD8TIFFS ARB
ALSO HEAVY.
moderate Expsnsioi In Foreign Trade
la Steel Products Domestic Bloner
Conditions Are Improving;. v
XEW YORK. Oct. 17; Measures for
coping with the war situation made steady
progress In financial circles. The call on
subscribers lo the $100,000,000 cold -pool for
a 25 per cent payment increased the foreign
exchanse resources of the pool committee,
but the sustained strength of rates revealed
the extent of the requirements to be met.
Domestic money conditions improved fur
ther, rates for mercantile paper receding to
6 per cent and call loans in Wall street to
7 per cent and under.
Unstable cash Drices for Mitnn
buying, but the census figures of the Sep
tember domestic consumption gave satis
faction and cotton exchange lillls against
exports were in larger supply at this center.
large. food exports continued and while
export orders for steel showed moderate ex
pansion, domestic buying shrank. Reduc
tion of output and further shsdlng of copper
prices were reported and the drastic re
duction of the Amalgamated Copper divi
dend was accepted as a logical result ot
conditions in that industry. Railroad gross
earnings and truffle returns showed sharp
shrinkage.
The field of permitted dealings in securi
ties -was slightly enlarged, but under careful
restrictions.
A further reduction In the cash reserve
deficit was the notable feature of the
weekly bank statement, that item now
standing at less than $1,000,000 against a
depletion of $48,000,000 recorded the mid
dle of August. This week's cash gain of a
little less than $6,000,000 was considerably
under most, estimates. In its main essen
tials, however, the statement was the most
favorable reported by local clearing-house
institutions since the Issuance of loan cer
tificates and emergency currency. The
statement follows:
Loans, $2,175,513,000; decrease, $4,423,000.
Specie. 535,030.UOO; Increase, $4,078,000.
I.egsl tenders. S.B36,000; increase, $1,
141.0UO. Net deposits. $1,1181,447,000; decrease, $3.-
7U2.0U0.
- Circulation, $146,227,000; Increase $2,088.-
ooo.
Banks' cash reserve In vault, $369,401,000.
Trust companies' cash reserve In vault.
$65,075,000.
Aggregate cash reserve. $434,506,000.
teficit cash reserve, $934,15o; decrease,
$6,857,200.
Trust companies" reserve with clearing
house members carrying 25 per cent cash
reserve, $00,705,000.
Summary of state banks and trust com
panies in Greater New York, not Included
In clearing-house statement:
Loans and Investments, $582,681,100; de
crease, 8S7.000.
Gold, $41,136,800; decrease, $1,481,600.
Currency and bank notes, $12,537,200:" In
crease, $406,800.
Total deposits. 1038,576.800: decrease.
loreign exchange is dairy growing more fa- I VT. w 'nipniMil, barrels; stocks, li8.-
vorable and foreign transactions, though still I i. "i"0": A k. S3.50; c D. S3.521
seriously impeded, are being conducted with I w n saVf: Jj'n.' .- 50; N-
increas llr fucllltV. Th. fnrm.Mnn th.l ' '
siou.uuo.uoo gold pool has afforded material
Kurepema Uraia Markets.
-ow xii . ou ucurcr. uriober wheat, 8s sd
iVi J e "a. October corn 5s
Dulutta Linseed Market
DL'LL'TH. flpt. 17 I -U..i . -w .,
December. $1.30; May. l.42ii. " '
lrlrd Fruit at New York."
NEW YORK, Oct. 17. Evaporated apples
ominal. Prunes, quiet. Peaches rfi.li
Hops at New York.
NEW YORK. Oct. 17. Hops. easy.
WALLOWA UjD DEAL BIG
Good borrowers have I '
TOTAL. OF 28,000 ACRES TltAV.
FERREO IX WEEK.
reuer. and is otlerlng a conspicuous exam
pie of what can be accomplished by lntelli
gent, unselfish co-operation. This war has
brought many surprises; also some highly
gratifying Incidents. Among these must be
Included the work accomplished by New
York bankers toward meeting the shock of
war, that preventing disaster and success
fully adjusting our commercial affairs
the new situation. When the facta become
tuny known as to the ability, courage and
unselfishness with which the New York
bankers faced the most serious financial
crisis In our history there will be less preju
dice throughout the country, and particu
larly In political circles, against New York
as a financial center. There are serious
problems brought on by the war yet to be
aoivea, out tne worst part of
on saxeiy passed. 1st
saved the Nation from
The money market
much easier position.
less difficulty Jn finding accommodation and
rates are somewhat essier. There is also
better demand for commercial paper, which
demonstrates improving conditions In the
credit market. Much of the present depres-
siun in ousiness is aue to contraction
credit arising from the war. Needless to
ay any expansion of credit upon a sound
basis will materially help the business situa
tion. The assistance of the Government
ana tne operation of the AldrTch-Vreeland
emergency bill. ' which added nearlv -
000,000 to our circulation, have been impor
tant factors in monetary relief. The finan
cial district is now looking forward eagerly
trie opening or tne Federal Reserve Banks.
Reliable advices from Washlnaton sav that
the 12 banks will be ready to open on No
vember 1, if not earlier. This is sooner
tnan anticipated. December 1 belnv nrevl-
"uoiy iimm-a. in any event tne Inauguration
of the new system is not far distant, and
me nope is not unreasonable that the Stock
Exchange will be opened about the same
time . th. Imiti.iiraKnn , . I. HA V. 1.
ing system which by lowering the reserve Der Company
limit win permit an exoanslon of about an- I furr. n v.
other $300,000,000 in bank currency OfL- ... ",t5""
course, the danger of a flood of foreign ComPny. of Enterprise. 13.830.86
selling of American securities im still the
chief hindrance to opening the New York
oiock r,xcnange. earnest eirorts are being
made to open at l.onden: the latest proposal
mi. uiicviiuu di-iiik lor me 'DntlSn SOV-
emment to guarantee 25 per cent of out
standing Stock Exchange loans when the
moratorium expires. If this plan is adopted
the British banks will undoubtedly be will
ing to extend tneir stock Exchange loans.
It Is the loan situation and not the specu
lative position which is the main cause of
anxiety.
War Is Dominating Factor.
The war continues the dominating factor
In business affairs. Present indications are
for a lengthy struggle. Apparently it will
resolve Itself Into a question nf endurance
and resources. As yet there are" no signs
ot exnauslon on either side, in spite of the
terrific exertions of the Dast nina week.
Great Britain appears to be feeling the war
George Palmer aad Kast Oreaon Lum
ber Compaalea Secure Proper
tlea of linst Value.
ENTERPRISE, Or.. Oct. 17. (Spe-
cial-) Three deeds placed on record at
tne Courthouse early this week trans
lerred 28,069.79 acres of Wallowa
County land, by far the largest real
estate deal or trade in the history of
tile county.
In one deed the George Palmer Jum-
of La. Grande, trans
East Oregon Lumber
acre i
of timberland in ranges 42, 43 and 44
east. The greater part is in range 44
In two deeds the East Oregon Com
pany and Duval Jackson, its president.
transferred to the Palmer com nan v 14.
238.93 acres, chiefly in ranee 42 e.nt
me recoring of the deeds in a wav
was merely the Last detail in the mo
mentous trade the two laree comna-
nies have made, whereby each gets its,
..... . uviuiusa in a compact ooay, jsu I
it was a nigniy Important transaction
for both companies, and for the two
cities in which the two operate. Each
company now has a vast compact body
of choice Oregon white pine. The
Palmer company's holdings are conven
ient to the new logging road built up
Howard Creek to Smith Mountain last
'.? .? ot tne contestants, owing io year. By enlarging his holdings by
thl 1'J"iV,t.'!',n nd"ner ke'P "t'e aTraTno1Tortre--lana: ro7meVirBwn"eU
the sea practically open to her enormoue bv Mr Jurlcunn Mi- n.i'. "
commerce. English Industry, moreover, ha. ,', . " Company
not been drawn upon as sever.lv r.- '!"?. Uml)er enough to run it for an in-
cruits to the army as In the case of th
other belligerents. Her industries are thus
comparatively free to resume more noraml
activity. wnen the embarzo unnn r.Ht
disappears and Great Britain is able to se
cure her supplies of raw material, especially
cotton, her International trade will Quick
ly recover. In aome respects British trsde
will increase because of her ability to fill
the gap caused by Germany's elimination
Any improvement In British trade conditions
definite period.
On the other hand the East Oregon
company is placed In an immensely
strong position. It now owns the tim
ber on fully 40.000 acres of land, all in
one body, and all readily accessible
from the railroad under construction
from Enterprise north. About half this
land the company owns outright in fee
simple,, without a cent t indebtedness
.".nhm.Vh" .fav.orSb! .'"i801 here tor ,h against it. The other half is forest re
rstTuy'ln0.' worr'id,nof"AmmeCrlc.nep?o5: ffjjl" n which was bought
ucts. Our cotton henceforth will probaoly
be sent to Lancashire in increasing quanti
ties, i nui neimnsT to Mttf i ,.r.in n
aeDieaness ana lessenlns- the occasion for
sold exports. We are also -furnishins Great
Britain with Urre and Increasing- quanti
ties Of military SUDDlles In an fnrm or
another. The a top pate of German exports
4i ai3U iciuiuk many loreign ouyers to come
to this market, so that while the war as a
whole has been a serious blow to American
interests, mere are occasional offnets.
Our home trade is far from iigrBMnr.
Contraction of credit has imnnari mnr. '
stralnt upon business than was really nec
essary, and any relief in credit will un-
quesuonaDiy nave a helpful effect upon ren-
crmt irmae. nana Clearings are still running-
about 25330 per cent below la- v--r
although this decrease is largely due to the
closing or tne various exchanges. Never
tne less, tne volume or irmia AAn.t
ably below normal. Economy Is being prac-
-'-"- Mi oniy in ousiness out in many
nomes ana this affects the retail tnHM
New enterprises are almost entirely ripfri
In consequence building is one-third less
tnan a year ago: many undertakinsit
posiponea. ana inert is a decidr.
oir in tne demand for labor.
Industry, for Instance. Is mnnfn
uer cent ot its zull canaeltv. . num.
ber of hands have been discharged, and
some of the largest concerns hav. rlv.n
uuiiw i a cui oi v per cent in wages. The m.. .t iicaii rnun A9-
i'""""1 outiooa tor the coming TV-Inter nritrir ii itinia
. certainty anytning Dut encouraelne I - ..... .
Agricultural Situation Satisfactory.
On the other hand, the present situation
annot continue indefinitely. With recon
duction in the credit bositlon. cnnrlri.n,..
win revive, purse strings will be loosened
ana lnoustry will surely recover. While
tne nar as a wnole cannot benefit the
nlted States, a few Industrie, win nr..,
tlvely prosper in consequence. The agricul
tural situation is proving even more satis
isciory man expected. The
estimates our corn
bushels, or 230.000.000
go. Our wheat crop, which is mnnh tn. I a j? rencn corporation. M. Slanchin
largest on record, 8oz.ooo.ooo bushels was has made frequent visits to this citv
more man a year ago. I Btopping ne re tor several weeks unon
the first of June of this year, by the
cast uregon company.
The timbers and heavy planks and
dimension stuff of all sizes which will
be used in the many large buildings at
the East Oregon Company's plant in
Enterprise are nearly all cut. As an
illustration of the quantity of material
that will go into the plant, the floor of
the planing mill calls for 63,000 feet of
boards, three-inch planks.
As these preliminary steps in the
company's construction work are com
pleted, shifts in the working crews will
be made, and temporary reductions in
the number of men employed. A few
were laid off last week, but 135 are
now on the payroll. A considerable
force will be kept at work through
the Winter, and the number will be
Increased largely in the Spring, when
the entire plant will be completed.
i-iniru less
!v:s MINE OWNER IS AT WAR
George P. Blancaln, Who Has. Visited
This Country Frequently, Hopes
to Return After Flshtlnjr.
GOLD HILL. Or.. Oct. 17. A letter
from Parm haa been rMivMl K T 1 1
ecroDTIte fSTaoo. Moore trom Gerse P. Blanchin, prcsi
o" more than a year dent ot th B111 Mining Company.
HEW EXPORTING ERA
Great Advantages for Trade
With South America.
INFLATION IS NOW OVER
Introduction of AiuorK-an ltanks Will
Materially As.-i.-t in Kxpansion
of Commercial ltelatlons
With Latin Heimblies.
The collans. nf Infant..! t-.iA
in riouth Amerii-a. due to the war. has
brought about a new era for the expansion
of commercial relation th.t .h.i ...
dound to the advantage of American manu-
i.viurerg, accoraing to oharles Volgl, of
New York. Mr. Volgt has ifbent about L'
years In South America and has an ex
haustive knowledge of trade conditions
there.
"The I "n it eel states for a -,..t M.n..
enjoyed in the South American field a
fairly good trade." said Mr. Volgt. "Cer
tain articles mere pushed because they
found ready sale and because Kurope could
wun us. Manufacturers even
went so far SS to deal In i .tiNn
the South American merchant. Some of the
large corporations, able to dictate their own
terms, imristed on cash payment, and the
commercial risk thev ran u i. nniv ..:,
glble quantity. Smaller manufacturers mere
not as fortunate, as they hsd to give the
customary long terms, IK) days' date and IH
days' sight draft.
"t'p to and until about two vears ago
affairs In South America were fairly satis
factory. Brazil enjoyed great prosperity,
realizing good prices for coffee and rubber.
The Argentine did fairly well and the west
coast about likewise. With th. h.i,i-
out of the Balkan wars condition. h.n
chaniee. Kurooe.n ............ .. .
reallxo that a war of considerable dimen
sions had to come sooner or lm.r ih.
various governments began to get ready.
The various Sou.h American banking in
stitutions were celled upon to make remit
tances to their home ortices and naturallv
tne first result m as a contraction ... '
credits. This began about IS months ago.
Conditions Caused by War.
"For vears lnriat.,1 .-,....,.(.... . ,
in existence in Brazil and in the Argentine:
In less than no time ih.v . ..
died. Land values collanaert .vnor .Ma
terial could be sold only at reduced prices,
and finally noor crona especially in the
Argentine, reduced th. ..y. . .. . .
tical poverty.
vlth the breaking nut nt v. .
entire aspect of business the world 'over
, untortunately the South
American merchant t..- t .,
ried and troubled and trvin. to -
ends meet, was hit hir,i,.i m . i
were declared bv some K urn near, n.tton.
nd the South American hii i ,
follow suit .
"We found ourselve in th. tniii i.
uation: A great nation with all facilities
to attend to export business, hsd neither
steamers of -.s own to hln .ono. .
any establishetl banks of Its own. we h-.d
100 mucn on Europe, and when the
pinch came the supoort which w. m,.m
expect was lacking. No South American
drafts could be discounted; they had to be
sent cut for collection, which meant that
. i.i. , ula " rour or ve months
without funds, and with k.i
here, which house could stsnrf -
sure for any length of time?
Future of South American Trade.
As to the future of ntie Konth .
,rade- Articles have been written at very
great length to show that we are the
elect ones to cater to the South Ameri
can trade, that we will draw the benefit of
",vf wiisiurumes, and yet. looking ar
matter from all aneles to ni.,... . v..
great export business will not be sny loo
easy. We are again lacklna in - ......
any things, while efforts are being made
Install bankine Institution, i.. u . w
American countries sunolied with km-i
LaTifun3s" andrirh v.v r;7; .;7T.rrr." r-. : t
ake a long time .until they are in a posi
ion to take care of our interests. The field
lame one. and if nrnn.r ....
exerc sed. these new banks to be established
In Rio, Buenos Ayres and Valparaiso will
be a great success, there will be no trouble
in obtaining a good clientele, and on., th.
SP. .". mada branch banking Institutions
will f. How. This is a practice as laid out
by German banks, the only difference being
that they entered the field toward the tail
end of many years of prosperity, while the
American tankers start at the most oppor
tune time.
"There is no doubt but that h-A.
to six months conditions in South America
will be arranged in some way that a great
nare or new business will come mir w.v-
many articles never before offered In that
field T.-IU find a ready sale. Where export
ers nave sold for years hardware and so
called bulk goods, we will .n m .
tured merchandise.
As far as the American minnr...iii. t.
eonterned. it will he best in all his dealings
to have tjmB co thmn.h i .
houses, who are In a position to give ad
vice gathered at first hand. In the past
manufacturers have sent out agents lacking
in p-actically all requirements of South
American trade, and of course the results
.itg lacKing.
"To conclude, there Is - n.w .t.-i-.
In the South American export business; we
have everything In our favor, and by grad
ually going after It. catering to the re
quirements of the foreign merchants, fol
lowing the footsteps of European business
men who have been In these market!, we
can and we will make a success of it
Our oats crop Is 16,000.000 bushels mor.
laat year. In short, nearlv alt or ,-
principal crops show handsome gains over
' previous narvest. uur Western farm
ers are certainly prosperous. For our food
supplies we are sure to get good prices
from the surplus exported, which will do
much to offset the low prices obtained for
cotton.
The situation of the latter stani. i. .tin
one of concern, but there Is little doubt
his last American visit of six month
ago.
x rom the conclusion of the leter it
is to be inferred that M. Blanchin is
now with his regiment. He says:
Honored fcir: Your Kind letter dated
August X arrived in very sad circu
stances. The German army, as you
heard, perhaps, had invaded the north
that some plan win be devised for tiding!0' France, thinking that they would
run over us ana swallow us up with
their hordes. But France did not fear
the German claw till worn out, and we
are happy to fight, Knglish army aside.
in fans people feared for an in
stant to be invaded and a crowd of
people went away; but now we are
used to the danger and it does not
matter.
"We wish to have death or success,
but we are quite sure to get success,
as we want to get back to Gold Hill to
look over the store.
"Business life is quite cut off, so it
is wise to hurry to put the business in
order at the mine. Our intention has
never been to stop definitely the works
at the Bill Nye.
"W hen we go back to Oregon we will
attend to many matters. During- the
meantime we are going to the war. J
hoping tnat late will be good to us to
allow us to go soon to Gold Hill.
"To you and Mrs. Moore our best compliments."
over the Southern planter under present dif
ncuities without Government aid. which
President Wilson has wisely discouraged
There is no reason why the Government
should aid the cotton grower financially
any more than the producer of any other
commodity who gets Into difficulty through
circumstances which he cannot foresee The
Government was primarily Intended to gov
ern; and that alone Is a problem quite dif
ficult enough without venturing Into all
sorts of liluslonary experiments In baifk
Ing, transportation, manufacturing, ship
ping, etc. '
Although the various stock exchanges are
still closed, there is a steadily widening
market under certain restrictions for manv
high-grade securities. There are a number
of potential buyers In the market only walt
tlng for some decisive indications of a turn
for the better. . As the world becomes more
accustomed to the war and is better able
to Judge of Its final outcome, confidence will
show further growth. Unofficial prices ex
hibit comparative steadiness, as Is confirmed
by transactions both In New York and Lon
don. The Improvement In monetary and
credit affaire Is vital, and helpful in all di
rections. Incidentally it Is worth mention
Ins Congress will shortly close, and the coun.
try will have a resting spell from legisla
tive meddling.
Chicago Dairy Produce.
CHICAGO. Oct. IT. Butter Unchanged.
Eggs higher. Receipts 4511 cases, at mark
cases included. 17tr22uc; ordinary firsts.'
IttxUl'ic; firsts. 22isi23c. I'rats.
Cottoa Exchange May Be Reopened.
NEW YORK, Oct. 17. There will be a
meeting of the New York Cotton Exchange
members on alonday to consider the proposed
Clichalis I'alr Paju Eipenscs.
CENTRALIA, Wash., Oct. 17. (Spe
cial.) The 1914 Chehalls County fair,
held at Hmi, broke even, according to
an announcement just made by the
management of the fair association.
The financial outcome of this year's
exhibit is considered remarkable in
view of the fact that the weather was
bad the .two big days of the fair.
OVERBECK &
COOKE CO.
rekera. Stocks, Beads. Cottea,
Cirala. Etc.
II 0-317 BOARD OF" TEASE BLDO.
MtfiJCB&ltS CHICAGO BOARD of
TRADE.
(vCarreaaenaeats tf Lagan Bryan.
tsieags aad New lark.
MEMBERS
Neve Terk Stetcsc Exefcansre.
Chlesge State Czchaaga,
Rosiest Stock Eickaaia,
I'alcaaro Beard etf Traaa,
New lots Cotton Kxchaage,
New Orleans Cotton Exchnngn.
New Yogk Coffee Exehaane.
New V ark Produce Exchange.
Liverpool Cottoa A a. 'a.
Hop Growers
desiring to corporate for mutual pro
tection with California growers are re
quested to communicate with J-indoc!no
Hopgrowers' Association, Geo. Hewlett
Vice-President. Hopland. Callornia.
BONOS
CORPORATION A.D MUNICIPAL
ROBERTSON & EWING
ZU7-o Nurtkwentera Bank Ulan.
TB AVE. LI-US' , IIDSL
COOS BAY LINE
rSTKAMbUIp BR1CAKWAT1.B
sails from A in worth docltL Portljid II i-
U. overy Tuoda. FreiUt and ticket oiXlu
lower Ainnwortii dock, l- fc C B. S. S. Liu,.
L H. KauUiiK. At.;. t. Phone. Main S60u, A,
City Ticket office, so tjixlh St.. C. W.
SUiiffer. Age! L PUouea Mar-bail 45UO, A
Steamer Georgiana
eavj Washington-street Dock et 7 A U,
Lail. Lxct.pt Muuday,
Astoria and Way Landings
Iteturnlna Leaves Astoria
Hare ll.uu t-.cii w
2:00 P.
Maul
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