The Sunday Oregonian., December 13, 1914, SECTION TWO, Page 15, Image 37

THE SUNDAY OREGOXIAX. PORTLAND. DECEMBER 13, 1914.
13
STATE-. LAW FAVORED
Grain Inspection Desired by
Portland Trade.
IMPORTANT MEETING HELD
Committee Appointed by Merchants'
Exchange Association to Draw
Up Measure for Presenta-
tion to Legislature.
An important meeting: of the rraln trade
of Portland was held at the Merchant' Kx
change at noon yesterday to consider the
matter of state grain inspection. It was the
unanimous opinion of those at the meeting
that a state grain Inspection law should be
In force in Oregon, which would put this
state on the same basis as every other grain
state in the Union. -
A committee consisting of A. Conn, of the
Northern Grain Sl Warehouse Company; Otto
I. Kettenbaeh, of M. H. House r St Co.. and
Robert X. Paterson, of Stevens. Smith & Co..
was appointed to draft a bill similar to the
Washington State grain Inspection law, and
present it to the Legislature.
This step is regarded as a most import
ant one by the members of the grain trade.
It Is declared that Portland has lost much
grain business because of the lack of state
grain Inspection, and that thousands of car
loads of grain have gone to the Sound mar
kets that would otherwise have come to
this city.
Two years ago a. state grain Inspection bill
was drawn up by Portland dealers and sent
to the Legislature, but it did not pass. Not
only do grain merchants want such a law,
bat the farmers are said to be a unit in
favor of it, and It Is believed It will meet
with success at Salem.
In Washington, state grain Inspection Is
pronounced a success. The department In
that state is self-supporting. In fact, has a
surplus of $10,000 for the first five months
of the current season.
The wheat market was a very strong affair
yesterday. Almost everyone at the noon ses
sion of the Exchange was a buyer, and sell
ers were very scarce. Only one deal was
closed. Involving GO 00 bushels of February
red Russian at $1.15. The price was a cent
and a half more than was bid for this de
livery the day before.
Prices offered for prompt wheat were
higher from a cent for club and Russian
to 2 cents for "blues tem, while the gains
In futures over Friday's bids ranged from
half a cent to 8 cents.
The market this week has had a genera
upward tendency and at the close of the
week the feeling among farmers was decided
ly strong. In the past 10- days, prices have
advanced about 5 cents.
The oats and barley markets closed quiet,
but steady. Prices in these lines have varied
little In the past week.
Local receipts. In cars, were reported by
the Merchants Exchange as follows:
Wheat Barley Flour Oats Hay
Monday 83 6 0 12 13
Tuesday 58 4 4 1 5
Wednesday 88 4 7 4 If
Thursday .... 55 7 8 9 1
'riday B6 8 4 2 12
Saturday 57 1 9 5 5
Year ago 6tf 5 11 15 8
To'l this Wk.. 347 SO 88 S3 37
Year ago 530 26 70 64 C4
Beas'n to date. 10535 1015 1318 1238 1015
Year ago lOlOtf 1485 1296 1000 1491,
OBAMS PASS HOPS CLEANED TJP I
Market Closes Strong at 13 Cents With
Heavy Buying.
The demand for bops, both for exporta
tion and for domestic account, continues
strong and prices are being maintained
without difficulty.
The most Important development in the
market yesterday was the news received
from Grants Pass that the bulk of the sup
ply remaining In that section had been
bought by Durbin & Connoyer at 12 cents.
The purchases by this firm were estimated
at 700 bales, including the Flannagan &
Cornell crop.
The remainder of the McLoughlln crop at
Independence, amounting to GOO bales, wae
bought by Louis Lachmund at 12 cents.
The Lackey. & Emory crop of 200 bales
at Hillsboro was reported purchased by
Bishop &. Keyt at 11 cents. The Frank S.
Johnson Company bought the Stelnhofl lot
of &0 bales at Sherwood and 150 bales from
dealers at 9Vj to 11 cents.
The Washington market continues strong
and active, with 12 cents bid for the best
Yukhnas. McXeff Bros, purchased the La
eigne crop of 275 bales and another lot of
850 bales in that section.
California wires Indicated no diminution
of the heavy buying movement in the
Southern state. At the close of the week,
however, the California market bcame
blocked. Over 1200 bales of Sonoma and
Mendoclnos changed hands, including the
following sales: Grlxnshaw. 342 bales to
Hall, at 7 cents; Ford, 142 bales, to Wolf
fc Netter, at 8H cents; Cunningham, 236
bales, at 84 cents; the Burke lot. at SVt
cents; HL W. Button, 66 bales at 8 cents;
W. H. McKetchaxn, 256 bales, to
Richardson, at 8 cents; the Halberg lot, to
Richardson, at 10 cents; McKoom, 79 bales,
at 8 cents; Morten sen. 66 bales to Wolf &
Ketter, at 7 cents.
Russia, with no more use for hops, except
to export, raised in 1914, according to Con
sul Grout, 7020 short tons, of which 4320
tons are classed as high-grade cultivated
hops, the remainder being the ordinary
varieties grown by peasants. The quality
this year Is unusually good. The heads
show perfect development and, almost
without exception, have experienced no
damage during harvesting and drying, which
latter operation was In most cases effected
in open sunshine. As a result they contain
13 to 14 per cent of lupulin. and even
higher than this. The result is considered
Koud. the average lupulin content in satis
factory hops in Russia being 10 to 12 per
cent.
FROST ENDS VEGETABLE SEASON
Supples From California Will Be Brought
for City Trade.
Tbe frost of the last three nights has
nipped most of the small vegetable in this
section and larger supplies of radishes,
obions and such lines will be brought up
from California for the local trade. The
steamer on Monday will have a full assort
ment. The first car of cellar sweet potatoes was
received yesterday and put on sale at 2
cent a But little fiold stock remains on
li and. A car of Sacramento bead lettuce
in due Monday morning.
Fruit arrivals were small yesterday and
there was a good clean-up in all linea
Most of the dates lately received have
een worked off and no more are due until
after the holidays.
No change was made in farmers" selling
price of onions.
Egar Market . Is Weaker.
The egg market was easy at the end of
the week. Oregon were not plentiful, but
the efforts to work off storage stock af
fected tbe entire market. Local candled
ranch were sold at 40 and 41 cents and
there were reports of some being offered
at SS cents.
Poultry and meats were In small supply
and cleaned up easily at firm prices.
No changes were reported In dairy pro
duce lines.
ngmr Decline 25 Cents,
The first changes In the local sugar mar
fcei for a month occurred yesterday, when
all grades of refined an sax declined ZS cent
a hundred. A similar drop took place In
the Eastern market on the preceding day.
Bonk Clearings.
Bank clearings of the Northwestern cities
yesterday were aa follows:
Clearings. Balances.
Portland $2,071,469 i-i.t,10
Seattle 2,161. 25 349,101
Tacoma 447,927 16,122
Spokane 643,207 57,388
Bank clearings for Portland, Seattle and
Tacoma for the past week and correspond
ing wee it in xormer years were:
Seattle
Tacoma.
S2.21U.OUl
2,376.7.i2
4,3S1,90
4.86.1,190
4,rtil),771
A, 887,4 bg
S.15T.352
4.943.3H3
D,423,810
4.2SJ.07O
3,255,9J
2.415.3J3
J014. ,. .
1113
1S12
1U11....
1010. ...
luou. . . .
1SK. . . .
5 WOT. . . .
H6.
1905.
1904... .
1903
1902
1U01...,
.$10,601,294 $ll,847,8ii6
JZ.40Z.14.t 13,2041,129
13,192,560
11.8S7.H11
10,083,010
.U.852.UV6
7.023, K 73
4.4 15,823
tf.327,568
4.847.10O
4,075. 2HG
3,8'0,340
3,476,960
2,771,723
13.1M3.023
11,967,984
11,154,346
14,2KI,45U
U,rl'J.0i3
7,270,874
10.052,367
6,071,254
4,510.341
4.015.78y
3,944.912
3,104,944
2. 16 2, 702
1,177,747
POBTLAXD
MAKKEX
QUOTATIONS
Grain. Flour, Feed. etc.
Merchants Exchange, noon session:
Prompt delivery.
Wheat " Bid.
Ask.
$ 1.21
1.20
1.13
1.15
Blues tem 1.20.
Forty-fold l.iy
Club i.is
Red Russian l.li
Red fife 1.134
UBII
No. 1 white feed. 23.00 29.00
Barlev
No. 1 feed 25.00 25.50
Brew inn 2.V50 26.50
Bran 23.50 24.50
Shorts 24.50 25.50
futures
January blue tem 1 .21 1.224
February bluestem 1.23 1.24 4
January fortv-fold 1.20 1.21
February fortv-fold 1.22 1.24
January club l.lt) t4 1.21
February club 1.21H 1.22
January red Russian 1.13 1.14
February red Russian 1.14 1.16
January red fife 1.15 1.16 la
February red fife 1.17K LIS
January oats 2H.r0 29. uO
Februarv oats 2i..-i0 ,"30.00
May oats 32.00 tt.OO
Januarv feed barley 25. oo 26.00
January pre wine barley.. . 2i'..0 20.5O
Januarv bran 24.50 24.75
Hales
5QOO bushels February red Russian at $1.13
MILLFEED Spc; pr-fues: T3ran. $24 f? 24.50
per ton: shorts. $2026.50; rolled barley,
$27.5O02S.5O.
FLOUR Patents. $0 per barrel; straights,
M.S0&3.eO: whole wheat, $5.80; graham,
$5.60.
CORN Whole. f36 per ton; cracked, 17
per ton.
HAY Eastern Oregon timothy, $14 910,
grain hay, 510 'ft 11; alfalfa, S1313: Valley
timothy, $11012,
. Fruits and Vegetables.
Local jobbing quotations:
TROPICAL FRUITS Oranges, navels. $2
92.50 per box; Valenolas. 83.25 1 8.30 per
box; Japanese, per box, '90c$1.10; '.em
on at $3.C04.50 per box: bananas. 44VC
per pound: grapefruit. $3.75 4; pineapples'.
7c per nound.
VEGETABLES Cucumbers, 50c dosen;
eggplant, 7 c pound ; peppers, 7 8c per
pound; artichokes, 90c per dozen; tomatoes,
60c J? $1 per crate; cabbage, le per
pound; beans, 12c per poud; celery, 609
75c per dosen; cauliflower. 60c $1 per
dozen; sprouts. So per pound; bead lettuce
$2 per crate; pumpkins, lc per pound;
squash, lc per pound. .
GREEN FRUITS Apples, 65c91.90 per
box; casabas. 1 4c per pound; pears, $1
1.70; grapes, (11.35 per crate; cranberries,
$Sif?9 per barrel
POTATOES Oregon. 75 iff-85c sack: Idaho.
0Ccfe.Sl.10; Yakima, 85c ( 51; sweet potatoes,
z(aic ner nouna.
ONIONS Oregon, buying price. $1.25 ,o.
b. shipping point.
Dairy and Country Produce.
Local jobbing quotations:
EGGS Fresh Oregon ranch, case count.
3Cc: candled. 38 (3 41c.
POULTRY Hens, 12anSc; Springs. 12c;
turkeys, dressed, 202le; live. 1718c;
ducks, 10gI2Vc; geese. 11 12c.
BUTTER Creamery, orlnts, extras. 34He
per pound in case lofa : c more in less
than cane lot ; cuoes, 80c.
CHEESE Oregon triplets, jobbers' buying
price, 15c per pound f o. b. dock "Port
land; Young Americas. lOo per pound.
VE AL Fancy, 11 12o per pound.
PORK Block,. 9Hc per pound.
Staple Groceries.
Local jobbing quotations:
SALMON Columbia River one-pound
talis, $2.30 per dozen; half-pound flats,
$1.50; one-pound flats. $2.55; Alaska pink,
one-pound tails, $1.06.
Honey Choice, 83.25 per case.
NUTS Walnuts. 15 24c per pound;
Brazil nuts. 15c; filberts. 15&24o; almonds,
23g24c; peanuts, 6c; cocoanuts. $1 pr
dosen; pecans, 10 20c; chestnuts, 12V 9
16C
BEANS Small white. 5c; large white
5.15c; Lima, e&a; pink. 4c; Mexican.
OHc: bayou. 6.35c.
COFFEE Roasted. In drums, lS33c.
SUGAR Fruit and berry, $5.65; beet
$5.45; extra C. $5.15; powdered, in barrels,
$5.00.
SALT Granulated. $15.50 per ton; half
ground. lOus. $10.73 per ton; 50s, $11.50 par
ton; dairy, $14 per ton.
RICE Southern bead, 6c06e; broken.
4c
DRIED FRUITS Apples, So per pound;
apricots, 13 & 15c; peaches, 8c; prunes, Ital
ians, 8g9c; raisins, loose Muscatels, 8c; ur:
bleached Sultanas, 7c; seeded, S
dates, Persian, 776e per pound; far.
$1.40 per box: currants. 9(gl2C
Hope, Wool, Bides, Etc.
HOPS 1914 crop, &12c; 1913 crop, none.
InaL
HIDES Salted hides, 14c; salted bulla,
10c: salted calf. 18c: salted kid, 14c; green,
hides, 12fec: areen bulls. Sfec; green calf.
18c; green kip. 14c; dry hides. 25c; dry
calf. 27c
WOOL Valley. 17 18c ; Eastern Oregon,
15 20c; nominal.
MOHAIR 1914 clip, 27c per pound.
CASCARA B A-R K Old and new, 4 40
per pouno.
P HILTS Lone wool dry pelts, 11c; short
wool dry Delta. 8c; dry sheep shearings, 10
ti 15c each ; salt sheen shearings, 15 20c
eacta; dry goat skins, long hair, 12120;
dry goat shearings, 1020c each; salted
sheep pelts, November. 7590c esch.
Provisions.
HAMS Ten to 12 pounds, IS 19c; 14
to 18 pounds, I8(gl&c; picnic. 12c.
BACON Fancy. 2729c; standard, 239
4e
DRY SALT CURED Short clear backs,
13 tf 10c; exports. 14 & 17c; pates, lllBc.
LARD Tierce basis: Pure, 12(tfiaC;
compound. 8HC
Oflsi
KEROSENES Water white, drums, barrets
or tank wagons. 10c; special drums or bar
rels? 13o; cases. 17H 10.200.
GASOLINE Bulk, Lc; cases, 20c j engine
distillate, drums 7C; cases, 14&c; naphtha
drums. 12c; cases. 19c.
LIN SB ED OIL Raw. barrels, 55c; raw.
cases, tiuc; &ouea. Barrels. 01c; boiled,
82C
TURPENTINE In tanks. 60c; In
67c 1 IO-case lots, lc less.
SAX FRANCISCO PRODC'CE MARKET
Prices Quoted at the Bay City en Fruits,
Vegetables, Etc.
SAN FRANCISCO. Dec. 12. Fruit Pine
apples, $2. 7 0 p 8,25 ; California lemons, $L 75
&o.&u: auDies. neiiuowers, oodiuc; ureeon
Spit zen bergs, $1.25 1.00; New towns, hoc W
$1.25; winesaps, 90c$1.25; bananas, $1.25&
L75.
Vegetables Cucumbers, 3o50c; beans. 5
6 8c; eggplant, 25(3 OOc; tomatoes. 506lc
Eggs Fancy ranch, . 44c ; puliets. 36 We;
Storage, 20Vc.
Onions Yellow, Hocsi.
Cheese Youn g America, 33 Q 14c; new,
10 (tt. 12 c; Oregon, 14 7 c
Butter Fancy creamery, . 20c: seconds.
28 c.
Potatoes Delta Burbanks. per sack, 90c
6 81.10: sweets. 81.501.00 ner sack: Salinas
fiurbanka, $1.23fe 1.80; Oregon Burbanks,
$1.25 1.05.
Receipts 1? lour. i'52 quarters: barley,
l0.iO centals: potatoes. 3055 sacks: hay
210 tuna
Coffee and Sugar.
NEW .YORK. Dec. 12. The market for
coffee futures opened at an advance of 10
to 13 points today, ewinjr to the continued
firmness of Brazil and a littie European
uyiug in the absence of ready sellers. There
appeared to be very little demand, however,
and the market eased off later- under scat
tering liquidation, which may have been
partly inspired by the larger Brazil! ah re
ceipts. The close was net two points krwer
to eight points higher. Sales. C25& bags; De
cember, 6.45c; January. 8.52c; February,
8.59c; March. 6.66c: April. 6-75ci May. 8 b 5c;
June. 6.75c: July. 7:ojc; August. 7:65c; Sep
tember, t.tOci October, . iTc; November
7.S3C.
?pot coffee, steady: Bio No. 7. 7!ifl7tc:
Santos. No. 4, lOHc
Raw sugar, steady; molasses sugar, g.Z4e;
centrifugal, S.8be. Refined, qalet.
Elgin Batiez Market. '
ELGIN, X1L, Dec, 12. Butter firm at 82c.
ALL STOCKS STRONG
Resumption of Wall Street
Trading Is Justified.
NO EFFORT TO UNLOAD
GaiQS Over July 30 Prices Range
From 3 to 2 7 1-8 Points Bond
Market Also in Firm Position.
vo Need for Money Pool.
f NEW YORK. Dec. 12. Limited dealings
in stocks on tbe floor of the Exchange were
renewed today after an enforced suspension
of more than four months, due to the Eu
ropean war. The course of the market.
which was strong throughout, seemed to
jusnry me action or tne authorities in or
dering a resumption at this time.
Trading was on a moderate scale, most
of the transactions being in lots of 100 to
300 shares, with numerous odd lots of 25
to SO shares. Inasmuch ss all dealings
were strictly ror cash, except in those is
sues selling at or under $15, today's busi
ness represented a larger overturn In actual
money than is indicated by the amount of
stock bought and sold.
Official figures of the session were not
obtainable, but stock sales aggregated about
114.000 shares, with bond sales t.par value)
approximating $1,000,000.
Gains In active stocks over July 30 prices
ranged from three points Jn Amalgamated
Copper to 10 and 14M: in Reading and
Lehigh Valley, rernectively, while some of
the high-priced specialties rose sensational
ly. General Motors was the feature of this
group, with an advance of 27 1-8 points and
Texas Company was next, gaining almost 22.
Advances of 5 to 13 points were made by
Alaska Gold, American Beet Sugar, Smelt
ing, American Telephone. Atchison, Bethle
hem Steel, Brooklyn fttfpfd Transit, Central
Leather, St, Paul, Goodrich, International
Harvester, National Biscuit, Pacific Tele
phone, Peoples Gas, Tennessee Copper,
Cmr-it BiutM Rubber and Western Union.
There were no notable declines, sxcept in
Southern Railway, the common and pre
ferred losing 14 and 3 Vs. with minor re
cessions in a few other stocks of less Im
portance. In a list of stocks furnished by
the clearing house, Canadian Pacific and
New York Centrai were fractionally under
yesterday. Union Pacific was up 14 and
United States Steel was not quoted.
The Successful rciumntion nf irnlln fn.
day marked the longest step yet taken to
ward re-establishing conditions existing be
fore the closing of July 30. The return to
employment of the large force of men was
the substantial factor in the great Increase
in cneenumees manifested throughout the
flnoncial district.
The decision of the leading bank Intel1
ests that no need existed -for the organiza
tion of a "money pool' to provide special
credit arrangements was another potent fac
tor in the establishment Of Confidence.
Under existing conditions, only a few Im
portant stocks were withheld from the reg
ular trading list of the Exchange; but these,,
with few exceptions, nhowed marked ad
vances over minimum prices. Concurrently,!
bond prices also maulfested perceptible !
strength. i
The week's operations of the clear!r. i
house banks showed another nominal loss,
of cash, a moderate loan expansion and a;
decrease of almost $7,74)0,000 in actual re-;
serves. On the whole, however, the domes- i
tic monetary situation is stronger than t
any time since the outbreak of the war
The range of stock prices was as follows:!
CLOSING STOCK QUOTATIONS.
iOpen Highj Low
IClose
'62
43
26
91 U.
Amal. Copper
Amer. c. A F., com..
Amer. Can. c o m - . . . .
do preferred.
Amer. Cotton Oil, c.
Amer. Sugar, -com...
Amer. Smelt., com...
do preferred ......
Amer. Tel. & Tel....
Atchison, com.
do preferred
Beet Sugar
Bethlehem Steal, c.
Brooklyn Rapid tran
Central Leather, com
lo preferred ......
Chi. & G. W., com,..,
.do preferred ......
C. M. & St. Paul j
Chino Copper
Consolidated Qas . . .
Corn Products, com.
do preferred ......
Denver & R. G., com
do preferred ......
Erie, com
do 2d preferred.,..
do 1st preferred...
General Electric ....
Ice Securitioa .......
International Mar, . ,
lnterurban Met. com
do preferred ......
Lehijrh Valley .......
K. City Southern ...
M-. K. : T
do preferred ......
Missouri Pacific .....
National Lead
Nevada Consolidated.
New Haven
N. Y.. Ont. West. .
Norfolk & Western, c.
North American
Northern Pacific, com
Pacific Mail S. S. Co..
50 li
25
1 V.
SS
104
541
49
4SV4
43!
26
.4
1
10 4
64
I 35
104 U
66
1U4
5
991
11614
'ii' '
42
b
&
100
"si"
117
11
91
117
84-
93
9S
30
41
S6M.
30
42 -41
8it 8514
3 35
100?i100?i
I 35
,100
1U t
9
27
o
33
91
-33
11
8
"4
22
88
32
116
11
20 H
138
22
'isii
51
1S2S
8
"ioW
51 '4
20
61
49.
22
28
26
4
8
20
3 34
139 138
23 ! 22
137
22
12
5214
13
52
14
20
'ioii
'iiii
B
20
12
SI
131
20
'io
io
r.i
20
133
20
9
27
lO
44
11
r4
20
!'!
BR
OS
20
101
21
108
11T
1
148
7
20
100
Pennsylvania Railway
lOiiii
111
18
143 H
10(i
116
jlOS
Ki & COKC CO..
Ray Con. Copper
Reading, com ........
do 2d pref
do 1st pref.
l in
l."
147
1,1
144
si
84
18
75
1
3
8
80
17
64
31
13
Rep Iron A Bteel, com
18
18
ao preterrea ......
Rock Island, com
do preferred
St. L. & S. F.. 2d pf.
do 1st pref
f-'t. L.. A 8. W., pfd...
Southern Railway, c.
do preferred
Tennessee Copper
Texas & Pacific .....
Tel.. St. L. A W., c. .
do preferred ......
t7. S, Rubber, com...
do preferred ......
Utah Copper
Wabash, com .......
do preferred
Western Union Tales.
Weatinshouse Electriel
1
2
1
a
1
2
18
64
ao
18
17
64
31
16
64
so
13
I ,1
E
r.2
100
48 H
2
BS'i
hi"
47 '
61 61
48
47
"i
S"ik
es
64 f B I
04 f
.J
Total sales, 110.4OO shares.
BONDS.
U S Ref Ss. reg. 96 INor Pao 49 8fl
do coupon.... 96 So Pac 4s...... SO.
t' 8 Ss. res TOO (Union Pac 4s.... 95
do coupon. .. .100 So Pac 5s..;.... 59
tJ S new 4s. cou. 108
Money, Exch.nfre, Kte.
JTEW- YORK, Dec. 12. Mercantile paper,
44. Sterling exchange, steady. 60-day
bills, t.84r0: for cables, $4.8S25: for d-
matid, $4.8750.
Bar silver, 49 74 c.
Mexican dollars. 3Sc.
Government bonds, steady; railroad bonds.
firm.
SAN FRANCISCO, Dee. . 12. Silver bars.
49'c.
Mexican dollars, nominal.
Drafts, telegraph 2 He.
Sterling, demand 4.84; cable, $4.87.
i.ONDOf. Dec 12. Bar silver; 28 1-1 9d
per ounce.
Money. 1 K er cent.
Discount rates Short and three months,
2 per cent
LOANS TEN MILLIONS
SMALL. CHANGES IN CONSOLIDATED
RESERVE STATEMENT.
Saa Krasclwe District Bank Redla
roasts $605,000 Worth of Paper
In the -Past Wtek.
WASHINGTON, Dec. 12. The consolidated
statement of the 12 Federal reserve banks,
made public today, shows slight changes
during: the last week in resources or lia
bilities. The statement follows:
Resources
Gold coin and certificates $232,073,000
Legal tender notes, silver certifi
cates and subsidiary cotn..... 2S.170.00O
Total -
Bitls and discounted loans
Maturities within SO days....
Maturities within 0 day. . .
Other
. . $260,248,000
.. .4!.MM
l.OflO.OOO
1.831.000
Total
All other resources .....
Total resources .........
Liabilities
Capital, paid in ....
Reserve deposit. ........
. ..$ 10.257.00
. i.J 1.976.000
.. .$272,476,000
.. .$ 1S.04T.000
-oU.HSl.OOO
Federal reserve notes Id elrcula-
tlon (net ajaaunt..
8.492.000
Total liabilities
.$272. 474. 000
Gold reserve against all-liabilities. 91.6
per cent; cash reserve agaiAt all liabilities.
102.3 per cent.
The statement by districts shows the fol
lowing: New York district , -
Total cash $105,232,000
Gold 80,658.000
Loans and rediscounts. 2,03r,000
Deposits 103,837.000
Federal reserve notes ......... 4.52.000
Ch icago district
Total cash $ 38.028.000
Gold 3tt,Gs.S.0H
Loans and rediscounts ........ 3, ..".. 0(MJ
Deposits S7,8!S.0Oi
Federal reserve notes L4T2,ooo
Kansas City district-
Total cash 1A 7.-. nnn
Gold 10, 475,0' M)
1o&ds and rediscount...-.
DeDosits
, . . . 3S.0U
. . . . lO.l rto.iwio
Federal reserve noua . .
Dallas district
Total cash
Gold
Loans and rediscounts . ,
Deposits
Federal reserve notes . . ,
San Francisco district
Total cash .............
Gold
Loans and rediscounts . .
Deposits
Federal .reserve notes . .
. . . . 329.000
6.444.004
6,101.000
420.OOO
5.005.00O
210.000
IS. 21 3.000
13.145.OIMI
12.440.00i)
ll&.OOU
BIG WEEK IN HOG TRADE
PRICES CLOSE FIRM DESPITE TUB
LARGE RECEIPTS.
With Interest Centered 1st Pat Stock
Show. Cattle Market la laact.
. We Sheep Rust Small.
There was no trading in the livestock
market yesterday. Receipts were 148 hogs
and 115 sheep. Shippers were: C U. Lep
Der, Canby, two cars hogs and sheep; F. D.
Becker, Hubbard, .one car hogssmd sheep.
The official wtekly market report of the
Portland Union Stockyards Company fol
lows: 'Receipts for the week have been: Cattle.
1180; calves. 24; hogs, 70al; sheep, 2123.
The Pacific International Livestock Ex
position has the center of the limelight this
week and all trading has been done quickly
so as to make way for ahow attractions.
Outside of show stock receipts- have been
light. Best steers selling at $7.40, good
steers going at $7, cows at around 90.
"A record run of hogs Monday took near
ly all the available hog space in the yards,
nearly 03,000 head being counted In. Prices
fluctuated during the week, opening at $7,
dropping 10 cents; strength was again gained
and Friday closed at $7.10.
"Sheep receipts have been very light and
still show a decrease under last year. Prices
are very strong, lambs going at $7.50, ewes
$5. yearling wethers $0.
"The following sales are representative of
the week's trade:
Wt. Price.l
28 steers .1211 $7.40
40 steers .11U3 7.V5I
26 steers .1161 i.L'oj
22 steers .1272 7.101
120 hogs . . 201 7.001
Jill hogs .. 173 6.1101
.-U0 hogs .. 170 8.8.1I
400 hogs .. 105 C80
Wt. Price.
..1125 $8.15
..1025 6.00
..14J1 0.71
..1101 5.60
...1180 5.25
1400 r. Oil
10 cows
4 cows
2 cows .
- 2 cows
1 bull
1 bull
3 heifers. .12:tO C.50
1 heifer. ..1IUO A 'jr.
ni lamus.
200 lambs.
84 7..-i0 S3 wethers. Ill S.75
80 7.30 00 ewe. . . . 1.11 0.00
Current nrloes ot the various classes ot
stock at the yards follow;
Prime steers ,.$7.0007.25
Choice steers 6.5n7.00
Medium stee-rs 0.25 "&0.50
Choice cows .................... 5.75iJlti.25
Medium cows i.oout ri.r.O
Heifers 5.00(S6.75
Calves .oui9S.Uu
Bulls i...... 8.90 04.73
SjlnKS i.OUGPti.JU
Hogs
Light 6.2."7.10
Hcvy 0.75.23
SheeD
Wethers 5.25Sf6.00
Ees 4.250)3.00
Lambs 6.257.50
Omaha Livestock Market.
SOUTH OMAHA, Dec. 12. Hogs Re
ceipts 25,000, market higher. Heavy, $6.75
aH.I)o: lisht. $8.S087.00; pigs, $i75a.50;
bulk. t.836.(i5.
Cattle Receipts 800, market steady. Na
tive steers, $7.00tr 10.75; cows and heifers,
$5.753g.l0; Western steers. $6.00(hf S.Sn;
Texas steers, $5.857.20; cows and heifers.
3.fl0 7.25: calves, $7.50 9.50.
Sheep Receipts 1300i market strong.
Yearlings. $6.7rf-7.25l wethers, $o.40S.25;
lambs. 3.00 8.50.
. - Chicago livestock Market.
CHICAGO. Dec. 12. (Receipts 24,000.
market - slow. 5 to 10c under yesterday's
a vera ire. Bulk. $6. 85107.10: light. $3.50 6?
7.05; mixed. $6.0597.15; heavy. $6.e0&I.lo
rough, $6.0Ub. 0.7O; pigs. $5.00(9 7.00,
CattleReceipts 200, market steady. Na
tive steers, $5.70 11.00 ; Western. $5.20&
8.40; cows and helfera, $3.258.$0; calves.
(S.50C0.1!5.
Sfieep Receipts 1000, market weak. Sheep,
tS.'H) 'w 9.4d yearlings $6.5007.70; .ambs,
$8.50af8.0. -
London Wool Sales.
LONDON. Dee, IS. The wool offerings to.
dav amounted to 9800 bales and, included
a rather larger selection of cross breds.
There was a brisk sHle to the home trade
at firm nrices. Beoured Victorians realised
?7d. Bids for merinos were considerably
under sellers' limits, consequently with
uiswats were frequent.
Cotton Market.
NEW YORK, Dec 12. Cotton futures
closeed very steady. December, 6.80c; Jan
uary, 6.98c; March. 7.19c; May, 7.86c; July,
7.51c; October. 7.80C.
Spot, quiet. Middling uplands, 7.30c
Chicago Dairy Produce.
CHICAGO. Deo. 12. Butter unchanged.
Eggs Higher. Receipts, 3130 cases at mark,
cases included, 25($34o; ordinary firets,
2s & 30c; firsts, 84235c.
Dulntb, Unseed Market.
DTJLUTH, Dec. 12. Linseed, cash, $1.63;
December, $1.62; May, $1.54.
Metal Markets.
NEW YORK, Dec. 1 2.-42opper, firm. Elec
trolytic. 13.12 m 13.25c; casting, 12.87
13.00c
Hops at New Tork,
NEW YORK, Dec. 12. Hops Steady.
rrled Prnlt at Iffew Tnrb.
NEW "YORK. Deo. 12. Evaporated apples,
quiet. Prunes, steady. Peaches, firmer.
SURPLUS RESERVE HOLDINGS LESS
Decrease Reported by New Tork Banks for
Past Week.
NEW YORK Dec. 12. The statement ef
the actual condition of Clearing-House banks
and trust companies for the week shows
that they hold $110,992,400 reserve in ex
cess of legal requirements. -This Is a de
crease of $2,473,238 from-last week. Tbe
statement follows:
. . Increase;
Loans, etc 52.132,753.000 $2,559,900
Reserve In own
vaults S33.569.O0U
Reserve in Federal
Reserve bank . . . 93,848, 00
Reserve In other
depositaries ..... 30.060,000
Net demand . de
posits i.,.. 1,975. 3RH,008
Net time deposits, 91, .09, 000
Circulation ' 6O.0S7.0O0
2,557,000
837.000
1,474.000
,289,000
1,160.000
5,149,000
Decrease; of which 1261,531,000 ia
Bpecie.
Asrgref?at reserve, $457,470,004 exeess re
serve, $118,992,400;. decrease. S2.473.2S0.
Summary of state banks and trust com
panies In Greater New Tork not included
in- Ciearlng-House statement:
Increase.
Loans, etc. ..... ..$560,056,700 $1,933,900
Specie 42,214,600 71.700
Xsegal tenders 12.204,000 58.10C
Tut til deposit ...... 36,96,909 l,087,oOO
Decrease.
Banks" cash reserve In vault, Sll.482.300;
trust companies' cash reserve in vault, $42,
936,30 0
8TKEL OBDftSRS AT EXPENSE OF PRICES
Contract Are Slowly Increasing; Rail
BoriMN Closed.
NEW TORK, Dee. 12. Steel mills suc
ceeded during- the week in securing; some
additional orders for rolled steel products
from domestic consumers at the expense of
prices, but, in the matnf business was dis
appointing. In the Inst two weeks tbe a-atn
in orders and specifications has been between
10 and 15 per cent. In November the out
put and shipments by the United States
Bteel Corporation subsidiaries was equiva
lent to about one-third of capacity, while
-rders were about one-fifth capacity Steel
building- orders were ag-afn Uht the bB-gre-Cats
being; under 700O tons.
On Monday bids will o-o In sn 8OO0 tone
if steel for cotton warehouses at New Or
lea.ns. The railroads bdoked orders; for lS.Sor
tons of rails, including; an additional order
for 8000 tons for the Xew Tork Oentral not
previously reported, 4500 tons fop two Boutk
em railroads and 4000 tons for a copper
company In Arlsona.
Sales of pi a Iron by msrehant Sfftfreeiitsd
about 125,000 tons. F!f iron output today
la at the rats of 17,000,000 tons annually
Inducting; charcoal Iron, Tor the current
year the output will b a bent B,Ooo,oeo
RIVALRY FOR TRADE
Stirring Times Will Follow Re
turn to Peace.
KEEN COMPETITION SURE
Kxpansion of Credit Facilities, Oc
casioned by Reserve bank Opera
tions. Will Prove Powerful
Aid to Business Revival.
- The trade of the world, now established on
a war basis. , will have to be readjusted
a km in when ceace comes, and the effect will
be particularly felt in this country, writes
Henry Clews, the New Tork banker. The
countrv is In a sound financial condition
and the establishment of the Federal re
serve banks has largely increased the avail
able credit facilities. Mr. Clews says:
No unfavorable developments followed the
much dreaded imrtial opening- of the Stock
Echanjfo. The bond market commenced
surprising)? steady and many quotations
showed considerable strength, which happy
result was foreshadowed in my previous
weekly letters. Foreign liquidation was not
an important factor, although some selling
was occasionally noted. lit fact so pos
itively encourating was the experiment of
partial openinsr that the exchanges for the
first time Eince tho war, issued official
Quotations on stocks sellinc at or above tiie
minimum prices This very radical display
of confidence, which should be encouraged,
will doubtless have a widely beneficial re
sult. It will tend to establish opinion as to
values. It has already demonstrated there
is no such wholesale liquidation in prospect
as at one time feared. There are intimations
that the London Stock Exchange may be
opened by the middle of the month, pro
vided permission, of the British Government
can be obtained.
It is now over four months since the New
Tork i?tock Exchange closed, and no busi
ness organization in the United States has
made irreater sacrifices or greater efforts for
the preservation of our National finances
than the members of that body, either indi
vidually or collectively. Of course, they have
been largely sruided bv intelligent self inter
est as well as by an appreciation of the con
sequences which might have followed the
debacle u rial lie from the war had it not
Clased. Nevertheless, everyone in the finan
cial district well knows that the Stock Kx
chance was ouite as much influenced in Its
action by consideration ot National interest
us hv its own Immediate affairs. When the
emergency came. far-sightedness, sound
Judgment and public spirit promptly pushed
self-interest to the rear; and the New York
Stock Exchange through prompt and unsel
fish aetion prevented the gravest financial
crisis this country has ever seen from run
ning into Incalculable disaster.
Now that this danger has completely dis
appeared and become only a matter of his
tory, this fact is no secret; and Is men
tioned not as a boast, but merely as a mat
ter of lustlce to an institution that has had
to bear much more than share of abuse,
and whose shortcomings and mistakes are
Infinitesimal compared with the services
which it haS rendered to the business com
munity. Many of those who loudly railed
against our various exchanges are now only
too alad to see them resumlntr normal ac
tivities. Credit Faculties Expanded.
The local money situation shows further
improvement. Funds are accumulating; and
rates declining. These Pendencies must be
attributed first, to the beneficent operations,
of the new reserve banks, which have greatly
expanaea creait iaciut.es, and second, to
the dullness of trade, which lessens the or
dinary demands for accommodation. The
Towering; of reserve requirements under the
new system necessarily involved the risks
of too sudden ease and too much inflation,
in view of the large amounts of emergency
currency and clearing-house certificates still
outstanding. Fortunately both of these forms
of currency are being1 retired as fast as
possible; and as the reserve banks get Into
more perfect working; order their control
over the money situation will increase and
the danger of unwholesome inflation will
vanish.
The Inevitable increase of monev and
credit will, however, prove a powerful aid to
nusmesa revival, ana if long continued can
not but have a great stimulus, not only upon
trade, but also upon Investment values. -i he
tremendous extent to which credit facilities
have been expanded Is not yet fully realised.
ana until tne money m&rKet lias adjusieu
Itself to this heavy Increase in bank re
serves our bank officials will have to ex
ercise much discretion and restraint If they
intend to pre von an undesirable expansion
of credit, care -vlll also be needed to con
serve the domestic 'gold supply, which is
large and widely, scattered all over the
country. Our best safeguards are to per
sistently retire redundant currency and to
develop the export trade as much as pos
sible.
Our exports have already recovered won
derfully from the war, partly owing to the
big foreign demand for our foodstuffs, and
partly to the urgent inquiries for war ma
terials from the various belligerents. One
government official has already stated that
the war will add 500,000,000 to the foreign
commerce of the United States. Violent
fluctuations must be expected to accompany
the derangement of international trade... The
world has largely adjusted itself to the war
basis; but as soon as peace comes, another
sharp readjustment will follow. The great
Industrial nations, England and Germany,
will return to work with intense eagerness
to recover what has been lost. Competition
will be keen and, prices low.
This new rivolry for foreign markets prom
ises to exceed anything the world has ever
seen; and what effect that condition will
have upon the Vnited mates is vet to be de
termined. Possibly there will be an Inrush
of Imports, particularly under our new
tariff. At the same time, our exports of
merchandise might temporarily decline.
Tide Has Now Turned. '
Trade at home is dull. Reduced bank
clearings, declining railroad earnings, con
traction In -building, accompanied by an un
usual number of business failures, all fur
nish unwelcome testimony in this direction.
But, let it be thoroughly understood, these
statements represent conditions that are
passed. The tide has turned. The country
must look forward to the constructive ef
fects of a sound banking system, to a per
iod of easy money and to the sustaining ef.
fects of a good harvest. The stock market
will be the first to reriect these better con
ditions, and were it not for the war. Ameri
can securities would be selling many points
higher than they are today. If It proves true
that this market has fairly discounted the
war- and wo think it has then American
securities are entitled to a substantial re
covery, provided the fortunes of misfortunes
ox war do not prevent.
There is one other factor on which much
hope Is being based, and that is that the
interstate Commerce commission will yleia
to Intelligent public opinion and also to the
desire of the Administration by granting
some portion of the railroads' request for an
advance In rates. Should a favorable de
cision be forthcoming this month, as is an
ticipated In some circles, the event will have
a distinctly beneficial effect upon business
sentiment generally. The restoration of busi
ness confidence would be greatly accelerated
by such tangible evidence of the cessation
of official hostility to big business.
Investment purchases have been largely
held back for the last four months, and
savings must have accumulated consider
ably in coneequenoe. There is no serious
foreign liquidation now in sight; and, as
there are no safer or better paying Invest
ments In the world Just now than Americans,
it follows that there should be sufficient
domestic and foreign buying to offset any
probable liquidation on foreign account. The
investment demand at home la steadiiv
growing-' with the increased confidence, and
the larger dealings in bonds, short-term
notes and. public utilities are a. visible ex
pression of this Improvement. At present.
Bricea the better class of railroad shares and
certain inaustriais are paying investments,
considering the outlook for easy money.
WHEAT TILL BE "STANDARDIZED
Progress of Work In Plant Investigation
by Government Sure a.
WASHINGTON, Dec. 11. Satisfactory
progress In the standardization of grain
has been made In the past year, according
to the annual report of the Bureau of Plant
Industry of . the Department of Agricul
ture tor the ftseal year ending June SO.
T914. Tentative grades for corn were first
published by the department In August,
191$. For other grains commercial grades
will be fixed as soon as possible a fad the
work will be pressed vigorously, especially
in the case of wheat. Preparation of of
ficial cotton grades has also been continued
and good progress made. -
In the course of the year the bureau has
also carried on considerable work In the
inveatlgstlon of , number of Wild sorghums
scattered ovir A fries. Other work of par
Eloular Importance t the Houth has been
tho distribution f pur varieties et wheat,
oats and barley adapted to this region. A
mark 4 Increase In lntaresk in Winter
cereals la th Houth has been noted la tbe ,
courts of the year and has been encouraged
in every possible way.
By siding in forming credit associations
to provide the necessary capital, the bureau
has also encouraged the production of live
stock in regions which are we!l adapted for
forage crops These crops are too bulky
to be transported profitably over long dis
tances, but they can very advantageously
be turned into livestock. For this purpose
alfalfa Is particularly well adapted.
In Its farm demonstration work the bu
reau has devoted particular attention to the
sowing of legumes as Winter cover crops
wherever this is possible.
in its investigations f various plant dis
eases the bureau has found a practical
method of controlling apple powdery mii
dew by pruning and spraying. It has
also studied the pe&cti leaf curl, which Is a
serious source ol loss; the p.wsl bility of
preventing cranberry diseases, the citrus
canker and sugar beet and sweet potato
diseases. Promising methods of overcom
ing the potato powdery scab have also been
developed. This disease, while cor.tined to
Mulne and a small portion of New York, ap
pears to be more virulent iu thid country
than abroad.
MOVEMENT OF ONIONS AND CABBAGK
Purvey in Heaviest Producing States Shows
I tutrvtsiKM 4kvsr I jimt War.
WASHINGTON, Deo. lr. Reports re
reived from -So shipping point In prin
cipal late onion producing States show that
approximately 18,!34 carloads of onions were
shipped from these Btatious in j 3. or
this number about 1.39 cars were moved
during harvest time and S95 carloads were
held In storagb at those points for later
sale. From these reports, the estimated.
commercial onion crop for the year 19X4 at
the same pom's is 21.23 carloads, and the
estimated quantity going into storage at
those points 7 S 7 9 carloads. These lti states
produce about 75 per, cent of live annual
crop.
. Reports received from 32S shipping point
in ten principal late cabbage producing
states show that approximately ln.sM car
loads of cabbage were shipped from these
stations in Of this number, about 14.
46i were moved during harvest time, and
421:9 carloads were held In storage At those
points for later sale. From these reports.
the estimated commercial cabbage crop for
the j-ear 1914 at- the' same points Is 20,390
car.oacs. or which number around 1 j, 4o
cars are bo:ng moved during harvest and
about 4645 cars put into storage. These ten
states produce about two-thirds of the an
nual crop.
CROP BUREAU IS URGE
THOFSATiDS OF VOLUNTEERS HELP
GATHER REPORTS.
fatlsntea ( "Yields Formed With Cs
' Operation of Men Outside of
Ooveritmeat Service.
WASHINGTON. D. C Dec. 12.' One hun
dred and forty-three thousand six hundred
and twenty-one volunteer crop reporters and
special correspondents are tibw assisting
trte Bureau of Crou Estimates in lis Work.
The annual report of this bureau, formerly
known as the Bureau of Statistics, which
has Just been published, speaks highly of
the services of the men who receive no
compensattlon for tlieir work. Their co
operation has enable tf the salaried force of
the bureau to perform much more work than
otherwise would have been possible.
In this connection, the reposjt contains
Some Interesting statements in regard to the
accuracy of the crop forecasts of the bu
reau, which were begun in 1I11. A review
of these shows that those made in June
were, on an average, 10.5 per cent from the
final estimates of the year; those In July
.0 per cent; those in August, tt.S per cent;
In September, 3.8 per cent; and In October,
:. per Cnt. It is point ea out, moreover,
that the difference between the earlier esti
mates and the final ones do not necessarily
indicate inaccuracy in the calculations, bnt
are largely due to conditions which could not
possibly be foreseen. For example, the con
dition of the corn crop on August 1 may
Indicate an average yield of bushels per
acre. Teh days later a devastating hot
wind may work such havoc that the final
yifld may be only 2 or 3 bushels an acre, In
fixing the earlier estimctes, therefore, cal
culations are made on a basis wfiich leaves
an even chance for the final yield to b
above or below the early forecasts.
The report also doneribes an important
chance In the crcanizatlon of the bureau's
field force. The place of State Statistical
Acent. o? whom there were formerly 47, or
one for each state, has been abolished. Their
work Is to be taken over by an efficient
corps of field apente who will devote all of
thir time to the work of the bureau. The
state statistical agents devoted only a small
uart of their time to the work . of the
bureau. Each one of these men will be as
signed to a st a to or to a group of small
states. In addition, specialists will be ap
pointed for each one of the more important
crops. For example, there is now a crop
specialist on tobacco; a crop specialist on
rice, and a crop specialist ou cotton. These
men will devote their entire time to their
own particular crop, just as the field agents
will do with the crop production within their
own special territories.
POTATO QtARA JCTTX E P LIFTED
Shipments of Stock From Canada 5ow Per
mitted. WASHINGTON". Dec. 12. The Secretary
of Agriculture has lifted the quarantine
against Canadian potatoes, laid December
113, and hereafter Canadian potatoes
will be permitted to enter the Lnited
States upon compliance with tho regula
tions governing the importation of potatoes,
issued by the Secretary of Agriculture De
cember 30, 1013, as modified by plant quar
antine decision 'No. 7, which provides that.
in thg case of foreign countries contiguous
to the United States, potatoes that have
been grown from clean seed, on land which
has hot produced a diseased crop, or that
have not been in contact with any source
of infection and which have been inspected
and certified under regulations approved by
the Federal Horticultural Board, may be
admitted.
For the present Canadian potatoes wil:
be admitted only through the ports of Nn
Tork and Boston, where the Federal Hor
ticultural Board maintains inspectors.
Opportunity to ship disease-free potatoes,
it Is believed, will encourage the Canadian
farmer, thus by eliminating- a possible source
of reinfection, to co-operate in the eradica
tion of the disease and will In urn assist
In hastening the control and extermination
of the scab In Maine and New York.
Under the regulations governing the en
try of foreign potatoes Into the United
States a permit for the entry of potato
must first be taken out- by the importer.
Such potatoes must be officially certified
by tbe country of origin as free from infec
tion and will be again examined at the port
of entry by inspectors of the Department
of Agriculture. If any diseased potatoes
are found in the shipment the entire ship
meiit will be refused entry. Furthermore.
If the Federal Horticultural Board finds
disease In potatoes offered lot entry, it is
authorized under the regulations to cancel
ail outstanding permits for tbe country uf
origin and to refuse further permits for the
importation .of potatoes from such country.
Kaval Store.
SAVANNAH. Ga Doc. 12. Turpentine
closed firm, 4334c. Sules, 107 barrels; re
ceipts, 260; shipments, stocks. S2.80G.
Kosin closed firm. Sales, 2 barrels; re
ceipts, 1317 ; shipments. ;tuO; stocks, lu.'i.noo
Quote: A, B, C, O, 13, F. O, S3tn.
H. $3.40; I, $.1.60; K. 4.05; M, $4.00; N,
i.3f: WG, r.60; WW, r..0.
POST OCCUPIED 6 MONTHS
General Bell, Ordered to Texas, Re
cent Student Abroad.
VANCOUVER BARRACKS', "ttTash.,
Dec. 12.-Specil.) General George
Bell, Jr., In command of tho Seventh
Brigade, with headquarters in this
post, who has been Ordered to leave
here December 19, for Galveston, Tex.,
has been here since ' last June, suc
ceeding General Ramsay IX Potts, re
signed. At the maneuvers held at Gate, two
years ago in July, under the command
of General Marion P. Maus, General
Bell was present as ah observer. He
hal just returned then from a trip to j
feurope, wnere he had seen sent to
study the army methods and tactics.
Mrs. Bell will accompany Gen
Bell to Texas.
TRAVELERS- CdDE.
COOS BAY LINE
STEAMSHIP BREAEWATtt
Sails from Ainawortn slock. Portland. P
X every Tuesday. Prslabt ticket orlea.
iasrr Alasworth dock. P A C at a. ft Lids.
L. H. Keating. Aasnt. Fnosss MrJn ssos. 4
isll. City Ticks OffVea. aiTLIa st, C. W.
SUss sr. Agent, PasMs sfarsaa): . A (Lit. ,
GREECE BUYS WHEAT
Record-Breaking Export Busi
ness Excites Chicago.
PRICES RISE FROM START
Close Is Strong: and Nearly 2 Cents
Higlieir Australia Suspends Im
port Duty on Grain Ad
vances lu Otler Cereals.
CHICAGO. Iec. 12. Record-bre;ikins; sals,
here for export s;v. a tlc!d.d upward swing
today to the prloc of wheat. The market,
after being on the upgrade from the out
set, rlosed strong. lSiHil'ic to l-,c abovt
last niBht. Other leadinr staples, loo. si;
mado a net tfslrt corn vats
and pro-fsions aHe to 10c.
Most of the European purohcslnsr here wm
credited to the eovernmsnt of Oreece. which
was said to hare taken l.c.u.lHK) bushels
Ruspensions of import duties In Australia
helped the wheat bulls eariv. before th,
news was generally known that buvine lot
shipment to Greece had reached an extraor
dinary total.
Com ranged highnr. In sympathy r!b
wheat and because of the lightness of coun
try offerings.
Oats were mainly influenced hv the ac
lr.nof. er cereals. Trade was small,
chiefly local.
Belief that a brealc in hog values -would
Check receipts tended to bring about higher
prices for provisions. The advance was ren
dered more emphatic by the bulge In grain
.'ash prices were as follows-
hXtlxZiZiitZ' ". ."s
:ornei4!?kneW' 4C: '
RV No. 1, Jl.Os'i.
Barley CO'&7Go
T i mo th y 3. 7 s 6 i. 7 f.
Clover l2.50fc 14.u.
Futures ranged as follows:
WHEAT.
Open. HlgTi.
l.lS'i
l,20ta 1.22 !,
CORX.
Dec.
May
I...W.
l.l.ir-4
1.20!.
Close.
'1.1 fa
1.21-".
Dec.
May
.62 Ts
.69
.lii) ,i
OATS.
.09
Iec.
May
.47.
.SI a
-47U
51 "a
.47U
.ilfa
.471,
.SlTt
PORK.
Jan lg.OO lS.Oiii 115.00
is.o::',
is iO
19.0V
ls.62ia 18.47'j
Jan.
May
.7Hi
....10.0(1
9.73
lO.Oi
RIBS.
!.
f.lt
10. 00
10.00
Jan.
May
. . .75
. .10.10
s.73
10.1.)
.77i
lo.lj-.
European Orain Market.
LOXDOX, Dec. 12. Cargoes on parsage
steady.
LIVERPOOL, Dfo. 13. Wheat. December.
s sua. Corn, December, ia ll.d. Coin,
January, fis.
Minneapolis Grain Market.
STINS-EAPOI.IS, Dec. 12. Wheat. Decem
ber, 1.14 ; May. 1.1X; No. 1 hard, t.-M;
No. 1 Northern. Jl.10i4ail.lU: iCo. U North
ern. l.lal Jyl J7.
f'oret Sound Grain Mnrketn.
TACOMA. Dec. 12. Whent Bluestem.
1.1K; lortyfold, $1.10; cluh, $1.15; fifo, $i.;l.
Car receipts Wheat, 20; barley, 1; rye.
-; bay. U.
SEATTLE, Dec. 12. Wheat Bluestem.
Sl.l; turkey red. $1.10; lortvfold. $1.18;
cluh. $1.17; fife. $l.la; red Kusslan. $1.11.
Barley, $-J4.7r per ton.
Yesterday's crtr reecipts Wheat, 17; oata,
2; hay, a; flour. T.
San Francisco Grain Market.
SAN FRANCISCO, Dec. 12. Spot quota
tions; Walla Walla, $l.nr. b l.uv ; red Kus
slnn, Jl.!u H 1. 1134 ;. Turkey lud. $l.!ir,i.
I.lli1; bluestem. 0 4 2.i.1 ; fed bariev,
$1.22 v l.l'r, ; white outs. $l.r2 lit l.oiV;
bran, lT.2j.&y; middlings, $3u''Sl; shorts.
l-U-.TH.
tall Hoard Wheat, firm. Earley. firm.
May. $l.S3i4.
. DAILY- MKTROROLOfllCAL REPORT.
PORTLAND. Dec. "l2. Maximum temper
ature. ay degrees minimum. 80 decree.
River reading at A. M., 3.7 feet; change in
last 24 hours, 0.2 foot fall. Total rainfall
(5 P. M. to . P. M. ), none; total rainfall
since September 1. 19H, 11.411 Inches; normal
rainfall since September 1, 14. so Inches; de
ficiency of rainfall since September 1. 11114.
3..17- Inches. Total sunshine December 12. 8
hours. 42 minutes; possible sunshine, 8 hours,
42 minutes. Barometer (reduced to sea
level) at 3 P. M., 311.27 inches.
THE WEATHER.
Wind
STATIONS.
K I
State of
Weatt.er
Baker
fSolse
Boston
Calgary
Chicago
Denver
les Moines.....
Duluth
ISurelta .......
Ualveston
Helena
Jacksonville ...
Kansas City....
Los Angeles....
Marshfieid ....
Medford .......
Minneapolis . . . .
Montreal ......
New Orleans....
New York ......
North Head....
North Yakima.,
phoenix .......
Pocatelle ......
Portland
Roseburg
Sacramento ' . . . .
fctt. Louis ,
Salt Lake
San Francisco..
Seattle
Spokane
2K 0.02! 4 NW'Clear
82 O.OJ 4NWCIear
3VO.UO) 4,N iClear
I 22;0.oo . .1. . ..Clear
I 3ui T. 114, SW iCloudy
I 2S T. 1 S E Snow
4U.i2j 41K h!loW
14 0. 01 8,SV jSnow
B0 0. Oil) 4'NB -Clear
02 0.22jl W (Kaln
ISO. Oil tN Snow
52 0.lH 4 NE (Pt. cloudy
32,0.36 12jNW Snow
w 0. oof 81V Clear
r.o o.nvi. .( .iClear
30;o.ooj 4;S Cloudy
2O,O'.O0 4SW jSnow
SOiO.ooilo HW Clear
.".S l.42;18 SE Rain
Svio.oOj tlNlV.Clear
4HO.00 4-B ' "KJJear
2m;o.OO. .!. ...(clear
64,.10l CW Clear
S6 0.0S 8 NW Snow
80 0. 0O) 4 15 Clear
400. (( 4SWiCloudy
4S4.0o 4)H1 IClear
82 T. I14IS ISnow
32 O.OOi 4.V Clear
5U.4l.O0l W IClear
o O.ool O N Clear
20,0. I0 1 4 W Clear
Tacoma
3s,0.00j 4;N"E '.Clear
Tatoosh island.
Walla Walla
Washington ....
Winnipeg
42 0.00 10!E
Clear
Cloudy
VU cloudy
Snow
22 O.OO 4IW
30 0.021 4N
14 0.O4 10 NW
WEATHER CONDITIONS.
A large high-pressure area overlies the
Northern Rocky Mountain States and An
other large high-pressure area overlies the
Atlantic States. A depression of moderate
energy Is central over Southeastern Texas.
Know has fallen In the Mississippi -Valley as
far south as Memphis and also in Colorado
and' Southern Ctah. Rain has fallen In the
West Gulf States. New Mexico and Arizona.
The temperatures are below normal in nearly
an portions of the I nlted states.
The conditions are favorable for fair ana
continued cold weather in this district Sun
day.
rOBEVASTS:
Portland and vicinity Fair: easterly
winds.
Oregon and Washington Falri northeast
to east- winds.
Idaho Fair.
EDWARD A. BEALR. District Forecaster.
AlthoUtrh the eggs of different species of
birds varv greatly in shape the yolks always
are spfterlca. .
OVERBECK &
COOKE CO.
Brokers, &torks. Bonds, Cotton,
Grain, ttc
Slft-31? BOARD OF TRADK BLDG.
MMBERri CHICAGO BOARD OF
TRADE,
Corresponds ts of own ft Brym,
C'htcnro and ew Yorfc.
MEMBERS
New York Stock Exchange
'hirsmro Stock Exchange
loton Hto-k Exchange
htcacro Board of Trade
Ten- Tork Cotton Exchange
w Orleant. Cotton Exchange
New York toffee Exchange
New York Prmtoee Exchange
Liverpool Cotton Aoo'n