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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 13, 1914)
IS THE SUNDAY OREGOXTAN. PORTLAND, DECEMBER 13. 1914. FINANCIAL MARKET REOPENS STRONGLY Optimism Is Shown on New York Exchange and Nearly All Prices Are Higher. DEMAND PROVES GENUINE ,. Although Dealing Is Strictly for Cash Except in low-Priced Is sues, Spirited Trading Fea tures Momentous Day. NEW YORK, Dec. 12. The Stock Ex ' change today resumed its regular 9 functions as one of the leading: finan : clal markets of the world. The re T sumption was accompanied by a dftj t play of much confidence and enthu- eiasm on the part -of the members, v many of whom were In attendance. The galleries were crowded with Interested onlookers. Prices of almost all the stocks in which trading- was permitted opened well in advance of July 30 closing quo tations and gathered greater momen tum as the two-hour session pro gressed. Many substantial advances were registered, while declines were few and unimportant. Trading; Is on Cash Basis. Trading was on the restricted basis . fixed by the officials of the exchange. ' It was confined to a little more than one-quarter of the total number of listed and approved stocks and was strictly for cash. This inexorable rule t applied to all transactions except in . issues at under $15 a share. The business was further circum scribed by the absence from the regular trading list of several International favorites, such as Union Pacific, South ern Pacific, Canadian Pacific, Great i Northern, Baltimore & Ohio, New York Central and United States Steel. . The purpose of the exchange au- thoritles In keeping these speculative favorites out of the open market had its origin in the knowledge that they 1 are largely held abroad and their un restricted offering it was feared might - invite an avalanche of sellidg orders. At the outset, trading wits mainly in i small amounts, the average transac- tlon involving from 100 to 300 shares, with more than the usual sprinkling r of "odd lots." The first notable ex '. ceptio-n to this tendency was Reading, which came in one block of 1400 shares and was speedily followed by 800 and 900 share lots. Genuine Demand Appears. Prices were inclined to ease off after the first bullish outburst and for a time the market suggested a waiting attitude on the part of the buyer and seller. When it became evident, how ever, that stocks were in genuine de mand, another buying movement set in, prices mounting steadily to the cloae, at which time the highest levels were attained. Total transactions in stocks amounted to about 114,000 shares, with bond sales (par value) of around $1. 000,000. The most active stock was Heading, that issue retaining its lead ership for the full two hours with an exchange of more than 23,000 shares. Amalgamated Copper, Erie, American Can, Lehigh Valley, some of the lesser coppers and the local tractions helped swell the total. Conspicuous gains were: Reading, 10 points; Lehigh, 1416; Atchison, 6; Brooklyn Rapid Transit, 8; St. Paul, 8 14; Erie, common and first preferred, 2 and 4; New Haven, 2; Northern Pa cific, 44: Toledo, St. Louis & Western preferred, tM. Industrials Show Gains. Among the industrials in the active group. Amalgamated Copper, American Can, common ana preferred, American Cotton Oil. Smelting. Bethlehem Steel, common and preferred. Central Leath er, common and preferred. National Biscuit and Tennessee Copper rolled up gains of 3 to 8 points, while Peo ple's Gas and Western Union were prominent among the utilities, their trains being 124 to 6 points, respect ively. The most phenomenal movements were in such specialties as Texas Oil, nhich rose 21 and General Motors, whose advance was 27H- Declines were few and relatively negligible In their extent. They were mainly in the shares of the Southern transportation companies, whose in comes have been materially affected by the cotton situation. Southern Rail way, common and preferred, yielded li and 3 respectively. Quotations returned by the Stock Exchange clearing-house showed a pain of 1 in Union Pacific, with frac tional losses in New York Central and Canadian Pacific Prices in bonds In the open market generally followed the course of stocks, but the movements for these securities was less extensive. LOXDOX HOPES TO RESUME Buyers More Numerous Than Sellers of American Securities. ' LONDON, Dec. 12. The success which attended the opening of the New York Stock Exchange for restricted trading has further raised Jiopes among the bigger houses in Lon don that the committee here will soon see Its way to follow suit. Some of the more sanguine go so far as to fix the date of reopening at January 4, but still there is no sign from the , committee that any action has been ; taken. ; General opinion in the street is that, whatever plan of reopening is event- ' ually agreed to by the treasury, only a restricted area of stocks will be dealt in and these on a strictly cash basis. : Some of the smaller dealers are " finding quite a good business in the street, in all sorts of stocks ranging from rubber and oil shares to the new war loan, and are not so keen on the reopening as they were at first, be cause of the fear that business will be so limited. American securities continue to at tract most attention and. as there are more buyers than sellers, prices im prove without much business passing. Kollowing are about the current quota tions In the street: Atchison, 9i;New York Central. 82: Pennsylvania, 534; Reading, 71 y,; Southern Pacific, 84; Unions, 1154, and Canadian Pacific, 1 168 3.1, the last three quotations being , ex-divldend. Returns published by the Mexican Railway (Vera Crux) for October, show ing a net earning decrease of 126,400. caused a fall of one to two points in the shares. Among mining shares tins and coppers advanced well in sympathy with a further rise in metal. TITLE IS AWARDED STATE Disputed Land at Mouth of Colum bia Belongs to Oregon. ASTORIA, Or.. Dec 12. (Special.) Notices have been received from the Washington State Land Board cancel ing the contracts which the board had issued in former years for the sale of tide islands, located in. the Columbia River and on the south side of the di viding line between the States of Ore gon and Washington, as fixed by the United States Supreme Court. The land affected comprises several thou sand acres and includes some of the most valuable seining grounds in the lower river district. This order will not affect materially the ownership of the tide islands, as in practically every instance the own ers also have deeds from the State of Oregon, but the significant feature of the order is declared to be that Wash ington thus takes official recognition of the fact that the lands in question lie wholly within the boundaries of Oregon, a matter that has been in dis pute for years. In some cases the State of Washing ton has issued deeds to these tide is lands, but whether or not those deeds will be canceled is not announced. Large sums of money have been paid to Washington for the deeds and on i DRTS AT STAYTOS ELECT WOMAN TO CITY COUNCIL. y . Mrs. Emma E. Wilbur. STAYTON. Or., Dec. 12. (Spe cial.) The annual city election was held Monday. Two tickets were in the field, the wet, or Cit izens ticket, and the dry, or Pro gressive ticket. There was the largest vote polled in the history of the city, resulting in a victory for the Progressive ticket. Mrs. Emma E. Wilbur was candidate for Councilman on the Progres sive ticket and was elected by an overwhelming majority and is the first woman to serve as a city officer in Stayton. Mrs. Wilbur is a thorough busi ness woman and owns a large In terest in the Wilbur Woolen Mills Company of this city and has personal supervision over some of its departments. She is a native Oregonlan. the contracts. It is understood that the question of refunding tifat money, now that the contracts have been de clared void, will be taken up at the coming session of the State Legisla ture, m FINE- HOPS ARE UNSOLD MR, PAUL SAID TO HAVE CHOICEST LOT IN WILLAMETTE VALLEY. Though Only Four Years In Business, Buell Grower Has Two Yards In 1 Ideal Condition. SHERIDAN, Or., Dec. 12. (Special.) One of the few lots -of hops which re main unsold in the Sheridan district is that of E. V. D. Paul of Buell, near Sheridan. Every hop buyer who can vasses this section has seen and sam pled the Paul lot of hops, and one of Oregon's most experienced and conserv ative buyers made the unqualified state ment that the Paul bops were the finest in point of quality and cleanness that ha had seen of the 1914 crop. This buyer declared that he had sampled practically all of the hops in the Wil lamette Valley. The Paul lot consists of 170 bales or approximately 35,000 pounds. Mr. Paul, who is at the head of the organization and publicity department of the Oregon Hopgrowers" -Association, has been in the hop indiislrv only four years, but during thisltuSe he has adopted the slogan of "clean hops." Mr. Paul owns two yards of about 20 acres each, and the condition of his yards from the suc coring and training period to the time for picking the crop is ideal. Scarcely a weed is to be found in his yards, and the cultivation of the soil is carried to a point where the soil is placed in a fine mulch. Mr. Paul is an earnest ad vocate of spraying, and during the picking period last Fall it would have taken a thorough search to find a louse on the vines of either ot his yards. Pacific "U" Society Banquets. PACIFIC UNIVERSITY. Forest Grove, Or., Dec. 12. (Special.) The Fhllo mathean Society of Pacific University gave their annual party and banquet last night. The party was held in the gymnasium, which was turned into a beautiful Japanese arbor. The game of the evening was progressive fantan, a Japanese card game, with everyone MARION COUNTY PIONEER FOL LOWS WIFE TO GRAVE. Mr. and Mrs. Leirli Savage. SALEM, Or.. Dec 12. (Special.) Lewis Savage, for more than 68 years a resident of Marion County, died De cember 2 at his home near Salem. Mr. Savage was born in Michigan. January 22, 1831. and moved to this county in 1846. Mrs. Savage, who before her marriage was Miss Minerva Connelley, died only 33 days before her husband. She was born in Ohio, November 3, 1835. They were married in January. 1855. the Rev. C. Dickenson, of Salem, offi ciating. They lived continuously upon the farm near Salem. The funeral services for Mr. Savage were held Sat urday at the Unitarian Church in this city. Mr. and Mrs. Savage were well known throughout this county and other parts of the state, and no resi dents of Oregon were held in higher esteem than they. ::: Ofdi i- ' IT3 Hi JONES Women's Amas Slippers for 87c No. D2161 Ladles' fur-trim'd Juliets, with buckle. Just like picture above. Come in black, navy blue or red. Sizes QT 2 to 8. Pair O C Mailing weight, 1U lbs. the 1VI00SE ARE HOPEFUL Idaho Third Party Plans for Next General Campaign. TREASURY PROBE STIRS Sensational Report Expected on looting of State Funds Ex Deputy to Be Tried De cember 2 8 on Charge. BOISE3, Idaho. Dec. 12. (Special.) Political interest is centered in this state on the announcement of leading Progressives that the Progressive party proposes to keep up its fight and In the next general election campaign will be found with a more complete state organization than it had during the last campaign. The party is legally a party because it cast a 10-per-cent vote at the last election. A proposed change in the primary law raising the per cent to 20 might change its status. The standard bearer of the Progres sive party this year, Hugh E. McElroy, gubernatorial candidate, did not devel op into the strongest vote-getter as was the case two years ago when Guy H. Martin made the race for Governor, but instead the party's candidate for State Auditor, Clarence Van Deusen, led the ticket with 17,381. The normal strength of the party was the vote cast for McElroy, or 10,583. Two years ago the state ticket received a vote of 15.000. The people of Idaho are waiting with not a little interest for report of the examination into the affairs of the state treasury which was looted to the extent of 93.000 to be made public The trial of Fred M. Coleman, ex-deputy state treasurer, charged with the em bezzlement of $22,000 of this amount, has been set for December 28. Accountant Gleason is now engaged in compiling a report covering the en tire four years of Allen's administra tion. It Is said that this report will be of a somewhat startling nature and will place the new legislature in pos session of the facts in connection with the systematic steal that was carried on in the treasury department during that period of years. Potatoes Weigh 3 1-2 Pounds. . HOOD RIVER. Or, Dec. 12. (Spe cial.) The record non-irrigated potato crop here this year was grown by Frank A. Kellas. a rancher of the Summit district. A number of the po rnDV Fall your jrirts LETIN sit you will give for Christmas. YOU'LL SAVE MONEY AND EVERYONE WILL RE CEIVE JUST THE THINGS THEY WANT, IF YOU ORDER FROM JONES CASH STORE. REMEMBER behind every purchase is our IRONCLAD GUARANTEE of 32 YEARS' STANDING SATISFACTION OR YOUR MONEY BACK! Plenty of Time to Order Christmas Goods by Parcel Jones Cash XMAS CANDIES ell tons of fresh, de- ltcii ious Candies. Oregon-made. for Christmas trees, stock ings, church socials, etc Or der from this ad. 5-1 lb. Bag 10-Lb. Bag $1.05 53c Dressed Dolls 89c No. R72S A beautiful com- letely dressed oil, stands IS Inches high. Kyes that go to sleep. Light or dark hair. Xmas bargain price 89. Mailing weight 2 lbs. Get This Free Book CASH STORE ALWAYS Flour Less Than Wholesale Famous WHITE HOUSE, finest flour mills d bl u e s t e m hard wheat. Your deal er pays S6 for this flour, our price, BARREL. Four sacks, $5.60 Tear Off This Coupon Fill in your name and mail today for vourcoDv of Big Free Bargain Bulletin, No. 54 s Oldest Mail Order Oak and Front Streets PORTLAND, ORE. tatoes weigh five and a half pounds a piece, and many of them tip the scales at four pounds. Eight of the tubers weigh 38 pounds. GLADE. REPORT MINIMIZED Manager of Irrigation Project Pre pares to Spend More Money. PASCO, Wash... Dec 12. (Special.) Albert S. Byers. manager of the Glade Highland Canal, was In Pasco this week and in discussing the article re cently published about the unfavorable report which is alleged to have been sent to the Department of the Interior at "Washington, D. C, seemed to treat the matter lightly. He said hat it evidently was Inspired by those who were opposed to his project. He de clared the report was about the same as one sent in two - years ago. but which he succeeded in having over ruled. Mr. Byers said his work was going ahead steadily and that he was making plans for expending several thousand dollars within the near future. The project Is Intended to water about 60, OT)0 acres tributary to Pasco. This project is separate from what Is known as the Palouse project. HEISS0N HATCHERY OPENS Southwestern Washington Soon Hare 500,000 Fry Planted. to VANCOUVER, Wash.. Dec. 12. (Spe cial.) After being closed for months, the trout hatchery at Heisson, or Wall Station, is again under operation and L. C. Mahall is bringing 600,000 salmon fry to a size for planting in this sec tion of Southwestern Washington. Later J. M. Hoff , County Game Warden, will be left in charge of the hatchery. One hundred thousand Lake What com silver trout eggs will be sent here and hatched for stocking streams In Clarke County. ' Next Spring Mr. Hoff will have shipped to him from Washington, D. C-, 60,000 black spotted trout. 60,000 East ern brook trout and 30,000 channel cat eggs. 4 STOCK KINGS NEIGHBORS Rich Cattlemen in Gateway District Typical Westerners. GATEWAY, Or., Dec. 12. (Special.) Hay Creek, a district about ten miles from Gateway, boasts four cattle kings living within a short distance of one another. B. Cram is reputed to be worth $750,000 and R. M. Bolter, H U Friday and W. W. Brown, of Vezie & Brown, are rated as possessing from $200,000 to $500,000 each. All four men are typical Westerners. "Dad" Brown, as he is familiarly known, is one of the Commissioners of Crook County. we. tiAvc. nnoLKvcu j cur i ur THIS BIG FREE XMAS BULLETIN FOR EVERY READER OF THE OREGONLAN ! SEND FOR YOUR TfinAV ur will ftnrl nlnno- f V,o Inn.. .nnnl.. and Winter Catalogue. MAIL 111 a nostal card todav savinsr vou want these Free Catalogues. this nnnmai oe piocuta 1. down in your own home and Store Oldest Mail Mixed Nuts New 1914 crop Brazils, fil berts, pecans..- etc. (no pea nuts.) Order from this ad. 5-lb. Bag 97c 10-lb. Bag $1.89 Roasted Peanuts fresh every day 5 lbs., 41c ; 10 lbs., 70c 25c Coffee 5 lbs. 98c O u r famous "Blend A" Coffee equal to any 30c grade. Full strength and fla vor. D e c e mber bargain price 5 lbs. 98c This 100-Shot Air Rifle, Extra Special UNDERSELLS ON STAPLE GQODS-December Sucar Less Than Wholesale IP01BS.NET PURE 1 Jones continues to undersell every body in North west on Sugar. Best Cane Sugar. 100-lb sack $5.45 SUGAR $5.45 i n - asn 5tore House in West. Estab. 1882 POOR'S REFUGE POPULAR WAYFARERS' ISfJT AT VANCOUVER PROVES WlJfXER FROM FIRST. 4 a j i Tickets for BtiTand Meals Given to Applicants for Aid, and Jobs Are Procured for Many. VANCOUVER, Wash.. Dec. 12. (Spe cial.) If there ever was any question about the popularity of the Wayfarers' Inn, opened In this city by the char itable organizations, and sponsored by the city administration, it long since has been dispelled, as no less than 75 to 100 men daily visit the place for food and sleep which is given for cost or less. Meals are sold for 6 cents, and 6 cents Is charged for a bath or a bed. Books are sold to residents of the city for $1, which contain 20 6-cent tickets. When a man applies to a home for something to eat he usually Is given a ticket and told where to go. Jobs are found for many, and some kind of work is supplied to those who have no money. They are paid a small sum for their work, which they can use to get meals and a bed. The organization is called the A. B C. System A Brotherly Co-Operative System Is regularly organized, has buslnesss methods and a definite plan. In a communication sent to the resi dents of the city Mayor Crass said: "About the men who come to your doors asking for food or work; you are requested not to feed them at your homes, but to assist this system and the safety of the community in behalf of all concerned, by indorsing and dating the tickets. You can get more tickets whenever you need them at headquarters, 217 Main street. If you cannot call for them, ring 242 and HOMEOPATHIC PRESCRIPTIONS. SPECIFICS. TRITURATES. PELLETS. A HOMEOPATHIC PHARMACY IN CHARGE OF A TRAINED HOMEO PHARMACIST. feEND FOR CATALOGUE. WOODARD, CLARKE & CO. Wood-Larlt Bide Alder Street at West Park, Portland. Or. Tobacco Habit Cured Not only to users of pipe and cigars, but the vicious cigarette habit is over come by using the "NITRITE" treat ment. Price, complete, postage paid, $1.00. ' Laue-Davls Drug Co., 3d and Yamhill. Portland. Or. (When writing mention this paper.) odd3 fSaS"dBsES' THE COUPON BELOW, or write vsei tnis aivias dakviAID figure out without rush or hurry, what Order House in the West 520 Aluminnm Percola tors $1.48 $2.50 No. H3252 An ideal gift for mother. Latest shape alum inum percolator. Kbonized handle, 6-cup size. AO Regular $2.50 klndO 1 .0 Mailing weight. 2 lbs. Gold Band Dinnei $1.30 Set No. RS53 Famous Daisy Air Rifle, like picture. Fine magazine repeater, shoots 1000 BB shot. Sold everywhere for 12. Xmas bargain price, SX.30. Mailing weight. 3 lbs. Jones F a m o . - Hog r ence, w l L n oarDea wire bottom wo ven right into the fence. Per rod 18. Send This Coupon Today for FREE Xmas Bulletin No. 54 -s Jones Cash Store, Portland, Or. Send us your big FREE BULLETIN NO. 54- -S Name Address they will be sent to you. We will by so doing be acting in unison and tor the best Interests of the whole com munity. "It was deemed advisable to make Trick Dog Now in Baby Carriage Owing to the fact that there have been so many remarks by humane individuals regarding the abuse (7) of my cele brated trick dog getting sore footed while advertising MY FAMOUS $2.50 and $2.90 have bought a baby carriage, him about, and fitted him 129 Fourth St., Between Washington and Alder L "Cm- Vi, " Let fe 't dulc V : safw Post From Gitt Comb and Brush Set, $1.33 No. 4010 Illustrated above. 4-piece set comb, brush, mir ror and clothes brush. Plain black finish. Reg- 1 OO ular S2.S0 set .....OloJJ Mailing weight. 4 lbs. Ml for $4.33 Beautiful gold band. Co lonial pattern, E0 pieces. Ideal gift for mother. Xmas Dargaln price at AMr Specials! CHRISTMAS this statement that all might under stand, "and that there be no misappre hension. The management invites the public to call and inspect the place any time." liWVti' ... ji- BOSTON Sample Shoes $2.50and $2.90Shoes FOR MEN AND WOMEN Regular $5.00 Values. ' Y J"M GIVE SHOES OPEN SATURDAY KVElGS $2.5? J?. ' r p x!- - V. Shoes for men and women, I have hired a nurse to wheel with a dandy red sweater. Manager Boston Sample Shoe Store