T
1.T
THE SUNDAY OREGON! AN, TORTLAND, FEBRUARY 21, 1915.
WHEAT SALES HEAVY
Dealings, on Local Exchange
Total 150,000 Bushels.
MARKET FAIRLY STEADY
Speculators Iipose of March and
April Grain, but Demand Is
Sufficient to Absorb
AH Offerings.
Wheat trading at the Merchants" Exchange
yesterday broke alt records in volume of
business. The attendance was not aa large
as at some recent sessions, yet 150.000 bush
els were sold.
It was a selling market throughout, but
It was well supported and prices averaged
only about 1 cent nnder those of the preced
ing day. The transactions in detail were as
follows:
rtcshels
1. -..HIM April bluestem ' -J'
5.IMH pmmpt forty-fold ''
5,'K'ii March forty-fold i'ilS
2. -..i.i'u April forty-fold "J-it
Si.ooo April forty-fold j
(mhmi prompt club rf it
10. mat March club
JVi.iNal April club J'?
3.iutn March Russian
13.ii.mi March fife ."
10ollarch oats $85.00
As was the case on Friday, there as
disposition on the part of a number of specu
lators to get rid of March and April wheat,
particularly the former. Some of these
speculators took a handsome profit on their
sales and others probably did not. There
was export demand on the market and the
offerings were readily obsorbed at but a small
concession from the previous day's price.
April bluestem and March fife sold at Fri
day's prices. The greatest loss was In March
forty-fold. March club and March Russian,
which were down lfc cents. Tho other de
clines were from a half to one cent.
The question the wheat men are asking
Is wheat her or not the market has. reached
top. That this will depend on the success or
failure of the German submarine blockade
no ore doubts. It Is thought by some of
the dealers thrt the ultimate outcome will
be f. o. b, buying in this country by England.
The market Is certainly now in a critical
stage and speculative holders, large and
small, can be excused for feeling nervous
over the outlook.
y.-eterdavs sales on the local exchange
hid a total value of $232,030, the wheat
transfers being worth 22.230. Not only was
the business of yesterday the largest ever
done on the board, but the total for the
week also established a record In the mat
ter of wheat sales. A total of 333.000 bush
els were sold during the week. The largest
trading done heretofore was In the week
endinj January B, when 300.000 bushels
changed hands. During the past week 800
tons of oats and 200 tons of feed were also
toid. the aggregate cash, value of the trans
actions being $344,800. In point of cash
value, the best showing so far waa made in
the week eliding February ti, when there was
rIso a bis movement In coarse grains, the
total business of that week being worth
$608,123.
Exports for the week were 463.786 bushels
of wheat and 1500 barrels of flour. Last
week. 1)7,4:4 bushels of wheat were ex
ported. Iteceipts for the past week were
3S3.000 bushels of wheat.
Local receipts. In cars, were .reported by
the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Portland, today ho Zi! 4 18 7
Year SB" 6 4 7 12
Total this wk. 4.10 104 23 100 41
Year ago 316 OS 77 22 74
feas'n to date. 14"'.1 1B''.4 16:il 1677 lf'2l
Year ago 13445 281 11143 1302 201.2
Tacoma. Fri. . ft 4 11
Year airo II S 4
Seasn to date. 7046 445 .... 312 23".6
Year ago 7364 6S1 877 17H1
Seattle. Thuis. 118 6 7
Year ago 12 1 8 .... 15
Seas'n to date. K27:t 941 1BS 1)58 452D
Tear ago f.67. 162 . 13S6 1001 3746
STROM; DEMAND FOR HOI CONTRACTS
As High as 15 Cents Offered for the Coming
Crop.
There is a continued Inquiry for spot hops,
but the demand for the new crop is easily
the feature of the market. Thirteen cents
has been iald. and it was reported at the
Oregon hopgrowers, meeting at the Im
perial llotol yesterday that 14 cents and
even 15 cents was being offered.
The 13-cent contract was mado by Raymo,
of st. Paul, who signed up 8000 pounds to
be delivered to YVlgau, Richardson A Co.
Frank Coleman, of St. raul. reported that
Salem and Portland firms were freely of
fering 14 cents in the Bultcville district.
William Haglcy, of Hillsbnro, was offered
15 cents for his coming crop by three Salem
dealers on Friday. A determined effort to
rent ards Is belns made by a number of
dealers.
Transactions in 1014 hops are limited, as
the supply iB getting small and holders are
bullish. Dnve Stout, of McMinnvllle, sold
58 bales to Hal V. Bolam at 13 cents. Four
teen cents was offered for last year's crop
at Forest Grove.
The English buying, which is the main
factor In the market, is believed by dealers
to be for the purpose of stocking up for tha
future. It ia by no meana certain that
Kngland will grow any hops at all this year,
as the land may be needed ror wheat plant
ing If the German blockado becomes ef
fective. Beer sales in tho L'nlted States for the
calendar year 1014. according to preliminary
estimates compiled by the "Western Brew
cr,' show a decrease of about 5 per cent
as compared with 1013. For the month of
January", 1115. according to the earn esti
mates, the decrease as compared with
January. 1914, was about 12 per cent.
OREGON ONIONS GOING TO NEW YORK
AMwiutinn KJPerimenla With Trial Ship
ments Trade With Manila.
The Confederated Onion-Growers' Associa
tion will try the experiment of shipping
onions to New York by the canal route.
Trial shipments in various styles of pack
age will be forwarded on the Grace liner,
Santa Cruz, in Ihe coming week, and the
Mcamship company will report on the con
dition of the onions as delivered at New
York. A shipment was sent out by steamer
lust December, but was reported in bad
order on arrival on the Atlantic seaboard.
The association wants first-hand Information
on the subject, and is, therefore, making the
experiment on its own account.
Thirty tons of onions were shipped to Pan
Francisco on the Beaver yesterday and 30
tons will go on the Bear Monday. These are
destined for Manila. They will be trans
shipped at Pan Francisco on Pacific Mail
steamers.
The assoeiatlon -shipped out 16 cars of
onions In the past week and reported nine
more ordered for the coming wek. There
was no change in the price. A revised list
rf Oregon growers' holdings shows 193 cars
left in tho state. They are all keeping well
and thero l no concern but that all will ba
sold, as the demand Is active.
California reports say there are 60,000
sacks of onions left at Ltmpoc, San Fran
cisco and Stockton. Two months ago those
points had 13.000 sa.cks.
APl'I.K SAI.FS I.AKGE DIKING WEEK
4 brap Fruit Well Cleaned I p and Market
Is in Better Shape.
A big lot of apples were sold by Front
street dealers during the past week. The
special retail sale will be continued. The
Indications are that the apple market will
Improve slightly from now on, as most of
the cheap frull In this territory has been
disposed of
Yesterday's vegetable arrivals included a
mixed car of cabbage and sack vegetables
nd a ear of loose cabbage. A car of small
mixed vegetables is due Monday. A car of
bananas will also arrive on Monday.
MINING NOT CHECKED BY WAR
Mineral Production of Idaho in Past Year
Shows Increase.
U3WISTO.V. Idaho. Feb. 20. (Special.)
Results of the past year have exemplified
the permanency of Idaho's mineral re
sources, according to the annual report of
KtotA Mine .InsDector Robert N. Bell. Ex
cessively low prices and a depressed mineral
market, due to the European war. has failed
to reduce the value of the mineral produc
tion of tho state, but the report shows an
increase over the year 1913.
Tho value of tho state's metal production
during 1014 amounted to 124. 976.708, tho
greatest portion, being lead. This proauc
tion exceeds that ol 1913 by $404,309. Con
siderably over oo per cent of tho output lor
the past year waa credited to Shoshone
County mine:, with tho exception of gold
and copper. The lead, silver and xlno out
put of this county showed a large Increase
over the prevloua year.
While tho output has been large, accord
ing to the report, lead has been produced at
a loss, and the output of silver has been
used to pay tho production costs of both
metals.
During 1914 there were probably 1000 less
men employed in ' tho mines than in the
previous year. There were approximately
5200 men exposed to the hazards of the in
dustry during tho year. Twenty-seven fatal
accidents occurred durlna? the year, 79 seri
ous accidents and 312 minor accidents. All
but three of tho fatal accidents happened in
Shoshone County. Blain, Custer and Lemhi
counties each contributed one accident.
Last year's mineral production Is the
largest in the history of tha state. During
the past 17 years, since state records Dave
been kept, Idaho has produced 12S3.6S4.057,
and for the previous 37 yeara the production
Is estimated at S342.000.O00. making a grand
total production of $623, .184. 057. Tho total
for the state for 11)14 is aa follows:
Gold, fine ox. 62.23S $ 1.28(1,459
Silver, fine oz., 13.1.21,123 7.412.378
Lead, lbs., 345.334.106 13.426.US6
Zinc, lbs., 4U,23!i.(MHl. 2,166,331
Copper, lbs., 5,178.000 685.430
Total gross value, 1014 $24.!7.7O0
Total gross value, 1913...-... 24,572,396
Increase
.1 404,309
Millfeed Prices Reduced.
No changes were announced in flour prices
in tho Aast week, but it is reported that
some shading of existing quotations has
been done.
Mlllfeed prices were lowered by millers
yesterday. Bran Is now quoted at $29
29.50 and shorts at $:U (if .11.50.
Egg Market Closes Weak.
The egg market closed easy. A few deal
ers reported sales as low as 21 cents, but
In general prices were unchanged.
There was a good clean-up of poultry and
dressed m ;ats at unchanged prices.
No changes wero reported in dairy pro
duce lines.
PORTLAND MARKET
QUOTATION'S
Grain, Flour, Feed. Etc
Merchants' Exchange, noon session. N
Prompt delivery.
Wheat Bid. Ask.
Bluestem I l.oSa S 1.55
Forty-fold 1.52 1.68
Club 1.50 1.61
Red Russia 1.40 1.43
Red fifo 1.42 1.45
oats
No. 1 white feed 34.50 S5.00
Barley
No. 1 feed 28.00 31.00
Bran 26.00 28.00
Shorts 27.00 2.0O
Futures
March bluestem 1.54 & 1.554
April bluestem 1.57V. 1.53
May bluestem l.stVa 10
March forty-iold 1.02 1.04
A..ii f ..t-tv.fnl.i .... 1.54 1.55
March cluD 1.61 1.52
April club 1.33 Vi 1.54
March red Russian 1.42 1.43
Anril re 1 Russian 1.45tt 1.46
March red fife 1.4 1.47
April red fifo .i-"
March oats 35.00 3o.o0
April oats 86.25 17.00
May oats 87.50 88.00
$6.rf; whole wheat. $7.40; graham, $7.20.
M lL.I-r opov prtfjen. jiu, ..7r
29 SO per ton; shorts. $31 31. 50 ; rolled
barley. $3ft'&36.
CORN VV nue. Vr wiit vin..cu,
'3.S.-5.peS-tn n, mothv. S14.1fi:
valley timothy. 812.50; grain hay, $10 12;
alfalfa. $12 5113.
Frnits inu Vegetables.
Local Jobbing quotations:
TROPICAL FRUITS Oranges, navel
$1 7542.25 per box; lemons, $2.23 8.30 per
box: bananas, 4(8.440 per pound; grapefruit,
3U3.5o; pineapples. 6c per pound; tan
gerines. 81.50Hi 1.75 per box.
VEGETABLES Cucumber. hothouse,
81 25 1.50 dosen; peppers, 30fe'35c pound;
artichokes. 754j 85c per dozen; tomatoes, j
t, i r.i t.er crate: cabbage, IV2C per pound;
celery, 4'(i 4. 5c per crate; cauliflower, $2 per
crate; sprouts, 8SC per pounu; neaa 101-
tuce $1 5'2 per crate; hothouse lettuce,
75c 'per box; squash, 1V0 per pound; rhu
barb. 10'a.l2c per pound.
GREEN FRUITS Apples. 7Sc&1.50 per
box- cranberries. $13 per barrel.
itatops Oreaon. gl.loifrl.lo per sack;
Yakima. 80ci9$1.15; sweet potatoes, 3c per
""oNlON'S Oregon, selling price, $1 per
sack, country points.
SACK VEGETABLES Carrots. 81.2a per
sack; beets. $1.23 per sack; parsnips. $1.23
per sack.
Dairy "! Country Produce.
Local Jobbing quotations:
EUOS rFresh Oregon ranch, case count,
21( u 22 Vmo: candled, 23W24c.
POULTRY Large hens. 13 l& 13 He: ordi
nary hens, 12jrl2Vic; broilers 1l3if j-, JUJ"
keys, dressed, 20c; live. 16c; ducks, 11&16C,
BUTTER Creamery, prints, - extras, 82c
per pound in case lots: V, more in iess
than case lots; cubes. 26c.
CHEESE Oregon triplets, Jobbers .buying
price. 15c per yaunA, t. o. b. dock. Port
land; Young Americas, 16c per pound
VEAL Fancy, 125il2Vic per pound.
POKK. Block SVi&Hc per pound.
Staple Grocerlea.
Local Jobbing quotations:
SALMON Columbia River one-pound
rails. $2 30 per dozen: half-pound flats, $l.oo;
one-pound flats. $2.50; Alaska pink, one
pound tails, $1.05.
HONE V Choice, $3.25 per case.
zil nuts' 15c; filberts, 1324c; almonds, 16
. ... . .. . ......... .in i. XI ner
dozen; pecans. lu20e; chestnuts, 12isc'8'loc.
UbiACia mau wnite, oic,
6ic; Lima, 6Vac; pink, 5&0c; Mexican, 6'Ac;
COFFEa Roasted, In drums, 18',433Hc.
SUGAR Fruit and berry. $6.o5; he"'
6.35; extra C. $3.05; powdered, in bar-
. '. , .. - half
SAL.1 L.ranuiuieu, m.tnr
ground, 100s, $10.75 per ton; 50s, $11.30 per
RICfc; Southern head. eviOHC; broken,
4c per pound: Japan style. 4'ji'5c.
DRIED FRUITS Apples, Sc per potmo;
apricots. 13&1.V; peaches, 8c; prunes, Ital
ians. 8'Jc; raisins, loose Muscatela, 8c; un
bleached Sultanas, 7 c; seeded, 8 'a 9c; dates,
Persian. lOe per pound; fard, $1.65 per box;
currants, 8 8 l-c-
Hops, Wool, Hides, Etc.
HOPS 1914 crop, 1314o; 1813 crop, IS
4! 14c per pound.
HIDES Sailed hides, 13c: salted bulls,
10e; salted kip. 13c; salted calf. 19c; green
hides, lo'-c; green bulls, 9c: green kip, l-e;
green calf, 10c; dry hides. 2Bc: dry calf. 2c.
WOOL Valley, nominal; Eastern Oregon,
S2 lit 26c.
MOHAIR 1914 clip. 27c per pound.
C A SCAR A BARK Old and new, 4tc per
pound. .
PELTS Dry iong-wooled pelts. 13c; dry
short-aooled pelts. 10c; dry shearings, each,
10H15c; sailed shearings, each, 156 25c;
dry goats, long hair, carh, 12ft 12Ho: dry
goat shearincs. each, 10c to 20c; salted
sheep pelts, February, $15 1.50 each.
Provisions.
HAMS All sizes, 17 5w18Hc; skinned. 17
ijtisc: picnic. 12c. cottage roll, 13Mc;
broiled. 196 2Sc.
BACON Fancy. 2728c: standard, 28
24c; choice, 17Hf22c: strips. 17Vic
DRY SALT Short clear backs. 1315tto;
exports. 15f17c. plates, lltrlSe.
I.ARD Tierce basis: Kettle rendered,
12'c: standard, lie; compound, 814c.
BARREL GOODS Mess beef, $23; plats
beef, $24.50; brisket pork.- $28.50; pickled
pigs' f et, $12.30; tripe, $9.5011.60; tongues,
$25fr30.
OII.
KEROSENE Water white, drums, barrels
or tank wagons. 10c: special drums or bar
rels, 13V.c: cases. 17Vi620'c.
GASOI.I3SK Bulk. 12c; cases, 19c; engine
distillate, drums, 7Kc: cases, 14Vsc; naptha,
drums, 11c; cases, 18c.
LINSEED Oil.. Raw, barrels. 71c; raw,
cases 76c; boiled, barrels, 73c; boiled, cases,
73c.
TURPENTINE In tanks, 60c; in cases,
67c; 10-caso lots, lc less.
Naval Stores.
SAVANNAH, G Feb. 20. Turpentine,
firm at 4214c. Sales. 200 barrels; receipts,
5S: shipments, 33; stock. 33.030.
Rosin, firm. Sales, 178 barrels; receipts,
290; shipments. 879; stock. 135.680. A. B,
$2 90; C. D. $3.02; E, F, G. H. I. $3.03; K,
$3.20; M, $4; N, $3; WG, $0.40; WW, $5.53.
UNDERTONE 15 GOOD
Wall Street Stocks Easily Re
cover From Declines.
EARLY SELLING IS LARGE
European and Diplomatic Develop
ments Are JLeading Factors. -Renewed
Weakness in Foreign
Excliange Bonds Heavy. .
NEW YORK. Feb. 20. Renewed selling
of stocks at the outset of today's session
was in such volume aa to bring the average
of prices down to tne lowest level for the
present movement. Speculative favorites
and varloua specialties declined from 1 to
3 points before buying appeared, and the
downward movement waa arrested. On the
recovery trading became dull with an irreg
ular close. On the whole, the ease with
which prices were restored suggested con
siderable underlying strength.
Wall street's attention was again di
rected across the water, latest developments
offering little Immediate hope of any dimi
nution of the recent strain. London's mar
kets wero dull and Americana were in
light request. Local conditions were further
complicated by recurrent weakness in for
eign exchange and extreme nervousness in
the cereal markets.
Loose-Wiles first preferred was tho first
stock to reglater a new minimum price to
day, declining 6 points to 86. Southern
Railway preferred fell almost 3 points to
within a fraction of its established price of
45, and Harvester Corporation dropped IS
points to its minimum of 55.
After the close of the market the ex
change announced - these new minimum
prices effeotlvo February 23: American Car
Foundry. 40; American Locomotive pre
ferred, 80; American .Steel Foundries, 24;
Baltimore A Ohio, 65; New Haven, 45; Fed
era! Mining preferred, 24; Loose-Wiles sec
ond preferred, 74; National Railways of
Mexico flrot preferred, 17; Pressed Steel Car
preferred, 84; Seaboard Air Line preferred,
34.
Tho bond market waa heavy, a con
tributing cause being the further selling of
investment issues for European account. To
tal sales, par value, aggregated $1,170,000.
CLOSING STOCK QUOTATIONS.
Open High Low Close
Amal. Copper Co....
Am. Car Ac F com.
Am. Can, com. ....
do preferred
52
27 is'
43""
i 52
51
26
'44'
21
101
61
118
"3
67
54 v.
51
43
27
va
44
21
102
118
25
93
"27 V,'
'45' '
21
102
Am. Cotton Oil. com.
Am. loc), com.
I 2Hi
Am. sugar, com.
Am. Smelt., com. ...
Am. Tel. & Tel
I1UJ v
01
118k
07
87
35
86
, 61 M
jll
i'3
"ii"
37
35
86
157
Anaconda Mining Co.
Atchison, com
do preferred
B. & O., com.
Beet Suear
i;i.W
:i6
C5
85
Bethlehem Steel, c. .
Brooklyn itapia ir. .
85
153
32
Canadian pac, com..
Central Leather, com.
C. & Q. W com
130
.136
33 Vi
53
10
28
84
123
34
40
23
25
116
9
65
147
6
10
21
27
34
141
30
114
do preferred
C. M. & St. P
C. i N. W.. com
S5
34
41
24
85
ii' '
41
24
84
84
40
23
Chlno Copper
Chesapeake & onto. .
Colo. Fuel & Iron, c.
Colo. South., com....
Consolidated Gas
Corn Products, com..
do preferred
Delaware & Hudson..
I
I 6
Denver ft Rio G.a c. ..
do preferred
0
'21
6
21
Erie, common
21
do 2a preierreu...
do 1st preferred...
'34''
141
I 34 34
General Electric
HliiHi
30 2-
114;113
24 24
103 105
Gt. North, ore lands..
Ot. North., pfd. ....
Ice Securities .......
Illinois Central
30
U4.
24
100
'ii
04
i -5
Int. Harvester
Interurban Met., c...
92
11
54
130
21
114
11
54
130
21
'io
'ioii
'i2
'ss
22
ioi
165' '
'28
16
141
11
54
1211
21
'io
'io'
'i2
"82
22
ioi"
ibi
'is' '
16
140
do preferred
Lehign Valley
130
Kansat City south...
Louisville Sl Nash...
Missouri K. 8c T. C.
21
'io'
'io
'12
'hi"
22
iii
165' '
'28 14
163s
141
lu
29
10
48
12
47
83
22
100
65
101
19
104
117
28
16
141
Sl
19
73
1
8
1
83
15
45
27
11
1
118
81
M
101
41
do preie.-red ......
Missouri Pacific
National Lead
Nevada Consolidated.
New Haven
N. Y. Central
N. Y. O. & Western .
Norfolk & w., com..
North American ....
Northern Pac. com..
Pacifio Mail S B. Co.
Pennaylvanla Ry. ...
Peoole's G. L. & o...
Pressed S. Car, com.
Ray Cons. Copper...
Reading, com
" do 1st preferred..
Republic I & s., com
do preierrea
Rock Island, com...
do nreferred
1
1
1
St. L. S. F.. 2d pref
do 1st pref
St. L. & S. W com.
Southern Paa., com..
Southern Ry., com. .
(3
15
45
27
83
15
45
27
82
15
4514
26
do preferred
Tenn. Copper
Texas A Pacific
T. St. L. & W com.
Union Pac. com....
118
80
03
'ii
'51
62
66
118
80
53
'ii
'51
116
80
63
'46
'65
""
do preferred
U. S. Rubber com..
do preferred
U. s. Steel Co., com.
do preferred ......
104
Utah Copper
50
18
1
61
66
31
Virginia cnemicai ..
Wabash, com
da nreferred
1
1
Western Union Tel...
62j 62
westinghouso n.iec. .
Wis. central, cum
Total sales for the day, 127.400 shares.
BONDS.
"u S Ref 2s reg. tN Y C G 3s, b 79
do coupon.... 98 Nor Pao Ss 62
ir 3s ree 1 ao ,,
do coup:.:. 101 Union Pao 4s. 95
U S N -is. reg. .100jSou Pac Con oS. 96
do coupon .11" re i
FOREIGN SEIX1NO STOCKS REDUCED
Bonds Still rressed for Sale by European
Holders.
,.., tv. to RplntinnK between
IN C vv i . it. rv , r
the United States and tho belligerent na
tions were reflected in some uneasiness
upon the week's speculative markets. It
, . ovents mlffht Drfr-
clpitate a crisis growing out of the conten
tions of either side in the diplomatic ex
changes with Germany. Great Britain s
threat or a biocaaae oi wraui "
ports and suspension of travel across the
British Channel presented new problems.
Meanwhile, a fall in demand sterling to
$4 29 for the pound, with other foreign ex-
tho urgent and universal demand for outside
payments to this country.
release gold to us Increased their difficul
ties and Illustrated the fictitious nature of
their easy money markets. Arrangements
of a "srge British government credit with
banks hero was Indicated as a means of
Selling of foreign-owned securities at this
center was reduced, but not in quantity suf
. . . . . . i , cnmA movement OT
ncient to puwi
foreign capital hero under cover was sus-
Pt'' . ..nrti,-
Domestic money cuun.i
turbed. in spite of tho call for additional
credits to foreigners. Progress In corpora
tion financing continued. Government esti
mates showed the foreign trade balance
more than well sustained. The break
caused in wheat by the diplomatic strain
en-ountered enormous fresh buying for ex
port. Assurance against shortage of food
supplies was derived from the Agricultural
Department's estimate of surplus stocks,.
Steel trade reports were more encour
aging. Current gross earnings of railroads
Indicated some fresh declines.
Steady selling of bonds in the investment
class for foreign account caused more or less
severe depression In that group of securities.
v , Money, Kxrhange, Etc.
NEW VORK, Feb. 20. Mercantile naper,
3 VSte?liSg'' exchange, demoralized Sixty-day
bill. $475; for cables. $4.8125; for do
mand, $4. SI.
Bar silver. 4Se
Mexican dollars. 3ic ,-
Government bonds, steady: railroad bonds,
heavy.
LONDON Feb. 20. Bar ailvot 85d per
ounce, -
glscoirt1 ESeshort bill, and three
months bills 1 per cent.
London Stock Exchange.
LONDON Feb 20. American securities
were "neglected on the stock market today
and closed dull and barely at parity.
Trade Balance Touches High Mark.
WASHINGTON, Feb. 20. The trade balance,
as shown by excess of exports over im
ports, touched a new high mark in the his
tory of the country last month with a total
of $145,536,103, according to complete fig
ures for January, given out today by the
Department of Commerce. Exports for
January wero $267,801,370. against $204.
060.603 a year ago. and Imports were $122.
265.267, against $164,742,923 in January.
1914. Gold Imports last month were
$6,81)0,398, against $10,442,373 a year ago,
while gold exports were $091,509, against
$6,914,056 in January, 1914.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday wero aa follows:
Clearings. Balances.
Portland $1,630,5(16 ig.iJ
Seattle 1,514. s."3 184. ,90
Tacoma ' 202,940 30.785
Spokane 454,810 SS.2S6
Bank Clearings of Portland, Seattle and
Tacoma for tho past week and corresponding
weeks in former yeurs were:
i Portland. Seattle. Tacoma.
1913...'. . .$12.l'OO.s:.4 $12,500,030 $2,117,082
1914 .... 12.298,950 llw99,970 2.120,451
I'll.l 10.841,925 11.1131.277 2.3."0.169
lill- . ! 172.504 9.02S.SS3 3.H5X.1 113
!U 9,312,525 9.451, MOO 3.577.652
1910 .... 7 288,558 9.464, 3'j7 4.762,316
1'ion 5.354.921 7.(151,4112 4.O0;t.'n'9
1IHIS 5, 545.594 7,232,857 3.821,852
11M17 7.4(12,059 10.251,852 4.340.717
J'.IOO 5.102.81)3 10.709.450 3.501,270
l!MiB 3.817,031 5,10(1,9114 2,6:15.969
UI04 2.511.4(16 3.218,718 1.798.780
19(13 . . 2 782,8(14 3.409.972 1.749.202
1002 2,691,938 3.322,752 1.118,169
DISCOuiSECUT
l.CKEASI2D BUSINESS PROMISED
FOR RESERVE RANKS.
Cold Holdlnea Decrease Seven and Half
Millions Durlne Week, but Other
Resources Are Greater.
WASHINGTON, Feb. 20. Gold holdings
of the Federal Reserve Banks decreased
about $7,500,000 during the last week, while
holdings of legal tender notes, silver cer
titicates and subsidiary coin increased a lit
tle more than that amount, according to the
statement ot condition February 19, made
public today by the Federal Reserve Board.
The statement shows:
Resources ,
Gold coin and certificates $231,808,000
Legal tenders, notes, silver cer
tificates and subsidiary coin... 29,887,000
Total $281,695,000
Bills discounted and loans
Maturities within 30 days $ 7.721,000
Maturities within 60 days 6,609,000
Other 3,132,000
Total .$ 17.762,0011
Investments' $ 13,314,000
Due from Federal Reserve uanKi
Items In transit
$
2,766,000
8,917,000
All other resources
Total resources
Liabilities
Capital paid In
Reserve deposits
Federal Reserve notes in
$320,434,000
$ 36,058.000
283,468,000
Circula.-
4,930.000
tlon (net amount) . .
Total liabilities $326,434,000
Gold reserve against net liabilities, bi.u
per cent.
Cash reserve against net liabilities, Bi.B
per cent.
Cash reserve against liabilities after set
ting aside 40 per cent gold reserve against
net amount of Federal Reserve notes in cir
culation, 98.9 per cent.
In Its weekly analysis the Board says:
"Loans and discounts show an increase
for the week of about $670,000, the large
gains in the Southern district banks being
partially offset by decreases shown by the
other banks, ut tne total amount oi paye
helH. over 43 Der cent matures within 30
days and about 82 per cent within 00 days.
The amount of agricultural and livestock
unir maturing after 90 days but within
six months was $824,000. held mainly by the
Dallas. San Francisco and Chicago uanas.
"Discount offerings of the Federal Re
serve banks are llltely to receive a fresh
impetus as the reBUlt of the further reduc
tion or utscount rates aumonzeu oy ii
Board during the current week. The New
York rate of 4 per cent for commercial
paper maturing within 90 days is lower than
like rates maintained at present by ths
European centrnl banks."
SUBFEl'S RESERVE LOWER FOR WEEEK
Small Change Shown in New York Banks'
Loan Item.
NEW YORK, Feb. 20. The statement of
the actual condition of Clearlng-House
banks and trust companies for the week
shows that they hold $137,174,450 reserve
In excess of legal requirements. This Is a
decrease ot $2,698,900 from last week. The
statement follows
Decrease.
$ 431,000
2,975,000
1,597,000
18,000
10,809,000
4,873,1X10
49,000
Loans, etc $2.286, 84S.0O0
Reserve in own
vaults S65,l'6,OO0
Reserve in -Federal
Reserve Bank ... lll,69,O0O
Reserve in other
depositaries 33,791,000
Net demand deposes 2,156,052,000
Net time deposits. . 97.997,000
Circulation 39,413,000
Increase;
of which $291,659,000 is
specie.
Aggregate reserve, $509,668,000; excess re
serve, $137,174,450; decrease, $2,698,900.
Summary of state banks and trust com
panies In Greater New York not included
In Cleariug-llouse statement.
Increase.
$1,589,800
1,077,000
206,400
13,855,300
Loans, etc, . . .
Specie
Legal tenders .
Total deposits
. .$555,915,909
. . 43,950,200
. . 10,085, iW
.. 656,355,800
Bankscash reserve In vault. 810.960 000;
trust companies' cash reserve in vault, $43,
075,600. Chicago Dairy Produce. '
CHICAGO, Feb. 20 Butter Higher.
Creamery, 24(923 to 294i20c.
Eggs Lower. Receipts. 7249 cases: at
mark! eases Included, 20&24c; ordinary
firsts, 23c; firsts, 24c.
Dried Fruit at New Y'ork.
NEW YORK, Feb. 20. Evaporated apples
quiet. Prunes firm. Peaches quiet.
BUYERS SWARM NEW YORK
Their Xumber and Demands With
out Precedent, Stocks Depleted.
Cincinnati Enquirer.
In the City of New York on Monday,
February 8, the greatest number in
manv vears of merchant buyers were
reported as arrivals at the hotelB.
At one Broadway hotel 32 pages were
filled in the register by the battalion
which sought quarters at that house,
while every other hotel in the city
had many more than usually make
their appearance at this season. One
hotel reported 800 reservations made
for the day. "
They came to buy. not merely to
look around or to speculate on what
was about to happen.
They came to replenish stocks. In
manv instances very greatly depleted.
They came with individual reports in
every Instance of Btocka of merchan
dise in the ultimate distributors' hands
as being at the minimum in the his
tory of trade for 15 years past, aijd
they came to New York to find stocks
of both domestic .and imported mer
chandise far below the average quan
tities held in former years.
These buyers, men and women alike,
reported a much greater confidence
existing among their customers as to
the business affairs than had existed
fne thmn vears. and that the vein of
optimism running through the country
now was plainly evracniea me
earnest inquiries of these buyers as to
the size of the stocks which they could
select from and the very manifest ap
prehension that they might find diffi
culty in finding the merchandise which
their customers demanded and required.
The increased number ot buyers in
itself told of the increasing demand
upon merchants for supplies, while this
was emphasized by the larger orders
the buyers are ready .to place at this
tlIThe wholesale merchants of Boston,
New York and Philadelphia have been
growing more confident of good times
every week since December 1, and now
they are made enthusiastically so by
the unexpectedly large influx of buy
ers direct from the retail distributing
establishments of every state In the
Union.
iin- .. . . ,J hardly be carried on satisfactorll v without
The "buy-it-now1 motto has not onlJorganization, and It is to help oCt in this
av.n hold of the masses of the popu
lation, but is being put into practical
application by those who have to pro
vide the merchandise to meet the pop
ular call for supplies.
The Spring wholesale business in
New York and other Eastern cities has
opened with a rush this past week.
f
WAR LOANS GROWING
United States Has Become
World's Chief Banker.
LARGE CREDITS ARE PLACED
Increasing Activity in New Domestic
Financing Is Evidence of Im
provement Continued Gain
in Business Confidence.
tj r-i., iiia ,w York banker, writes
of financial conditions and the outlook as
follows:
Kn hotter evidence of financial improve
ment could be recorded than tha increased
activltv of new financing. Immediately i-
i.(n. iinnn the oDenlna of the war there
was a sharp contraction iu new capital appli
cations, the total of which recorded for the
last seven months reached about $480,000,000,
or $183,000,000 less than the same time last
year. The lowest montn was septeiu.,
,.k,n . !(,.! Inns fell helow $28,000,000. Re.
cm-ery has been gradual, and in January
the total rose to $127,000,000, or only ,
000.000 below the same month in li.
while the total announcements thus far in
February already exceed $160,000,000 bonds
Including $100,000,000 New York Central,
$27 000.000 New Yoork State, and $l.,OOO.OOo
Canadian Pacific, besides a number of other
i,.,.,.,,.,,..,, i,,npi The January total was,
of course, swelled by the Pennsylvania issue
of $49,000,000.
i.n in February last year were
$176 000,000. A considerable portion of cur
rent new Issues is for the purpose of adjust
ing maturing obligations; but the significant
feature is that these operations ci-uiu -v,-,,
D,,eeRfnltv carried through a
f... while now It looks as If
other important flotations will follow, so
that this February Will considerably exceed
the samo month a year ago.
While we are facing, beyond doubt, an
urgent demand for capital, it is not likely
under existing business depression that there
will be any great demand from really new
enterprises. This year an extraordinary
volume of short-term notes and other obll
c-ntintis mature, which will have to be ex
tended or turned into fixed forms, the latter
method being the most probable.
There is also another and very significant
trend in the new demands for capital, which
Is that nearly every Important nation In the
world, except Great Britain, is either borrow
ing In the Lnited states or wisning iu
rn-. Thl im due to the war. London has
practically retired as the world's banker for
the purpose of devoting its whole financial
resources to conduct of the war. Of course,
this withdrawal Is temporary, yet it offers
an iin.isnai onDortunitv to the Fnitad States,
w,n x-ew York Is now the only free
lanital market In the world, and hither will
come a large portion of the new capital ap
plications. At present the war Is being car
ried on by all belligerents largely by means
of short-term obligations, although Great
Britain Is aiming to pay a considerable share
as current expenses. Later on these war
debts will be turned Into more permanent
forms of Investment.
Extensive Credits Established.
All nf the helllceients have established ex
tensive credits In this market for the pur
pose of purchasing war materials. Immense
quantities o which are being steadily
shipped to Europe. This movement will
continue as long as the war lasts, and Is
proving a very vital factor in swelling our
exports, large quantities or ammunition, au
tomobiles, clothing, etc.. leaving American
nnrtM nvitrv week. Our exports are being
further expanded by heavy shipments of
wheat and cotton. Meanwhile our Importa
tions are running very light, owing to the
interruption of supplies by tho war; and in
the week ending February 6, the excess of
exports over imports was estimatea at .
OMO.OOO. Aa a result of these International opera
tions, foreign exchange has again declined
to the lowest point since 1907. Gold im
ports from China and Canada are coming at
mn.'j.rnto cnle And larscr amounta would
follow were it not for the establishing of
the foreian credits referred to above. It
is estimated thut the present Inward move
ment may run as high as $io,oou.ooo, but
we do not need eold while Europe dues, and
under existing conditions it is more advan
tageous to Europe and to the United States
to allow these credits to stand. We have
thus become a creditor Instead of a debtor
nation.
The most Important local factor in the
financial situation is the abundance of loan
able funds at reasonable rates. Thla Is due
partly to the dullness in trade and partly
to the satisfactory workings of tho Federal
reserve banking system. There has been a
steady expansion in loans which now stand
at $2,221,000,000, against $2,1S0,000.000 at
the opening of the year. Bank reserves have
declined somewhat in consequence, but the
surplus last week was still above $140.
000.000. investment conditions have improved, as
Rlmwn hv the ready absorption of really
high-grade bonds and stocks. Some of the
latter are selling very low prices, compared
with current rates for Interest. Stock Ex
chance values have been subjected to sharp
fluctuations. The passing of l'nlted States
Steel's dividend and announcement of tne
New Y'ork Central's new Issue were both
signals for bear attacks, although they rep
resented conditions already passed. There
was some fear also that the Canadian Pa
cific dividend would be reduced, but r these
apprehensions proved unfounded.
The possibility of an extra session for the
purpose of passing the ship purchase bill is
an unsatisfactory feature. Inasmuch as the
nation will be glad to see Congress adjourn
at Its appointed date, March 4. Tho uncer
tainties of war also caused moderate fluc
tuations in the Eecurlty markets. There are
thus sufficient depressing Influences to keep
the market more or less unsettled and a.ford
the opportunity for creating a bear party of
some consequence. Nevertheless, intrinsic
conditions are steadily improving: the best
evidence of which, as already stated, is the
activity in new financing.
Gain In Business Confidence.
There Is a continued gain In business confi
dence, also some, though limited, improve
ment in 'the volume of business. Bread Is
advancing, owing to the high cost or wheat;
brought about, of course, by war conditions.
Grain has already risen dangerously hlgh)J
and present prices naturally yield gratifying
results t..the farmer, as all fond prices are
rising. The Southern cotton planter is also
getting a better price for his product.
These aro comfortable times for our farming
classes, since conditions encourage the largest
possible production at good prices for nearly
all agricultural products.
January railroad earnings were exceed
ingly unsatisfactory and often showed large
decreases. Yet later freight returns show
an increasing movement, and there Is reagon
to hope that the railroads have seen the
worst of their troubles.
In another aspect the tide seems also to
have turned for the better; that is In the
Iron trade. In the export division a much
better business is being done, and our own
railroads are placing more liberal orders for
equipment than for several months. As
prices are also steadier, there Is abundant
evidence that the steel trade is now on the
upward grade, although the pace may be dis
appointingly slow. Nevertheless the Indus
try Is now running upon a 60 per cent basis,
compared with S3 per cent a few weeks ago.
Business this week was somewhat inter
rupted by the holiday, but indications iioinl
to a more activo and Irregular market.
Should nothing occur, to prevent the present
reviving tendency of confidence, we may
look for a still higher market, but purchases
should be governed with exceptional caution
and sharp reactions are possible at any
time. '
PINEAPPLES GROWERS ARE LOSERS.
Hawaiian Cannera Offer Farmers JLess
Than Cost of Production.
WASHINGTON, D. C, Feb. 20. A mar
keting division to assist pineapple growers
has been organized by the United States De
partment of Agriculture's experiment sta
tion in the Hawaiian islands. Prices which
canners have been offering for pineapples
are less than the cost of production. The
Hawaiian pineapple grower today has to
expend from $12 to $15 per ton to produce
his fruit, whereas the price offered by the
canners ranges from $5 to $11 per ton for
first-grade pineapples and one-half these
prices for second-grade products. As a re
sult the small grower Is now seeking a mar
ket for his fresh fruit In the United States.
However, the business of shipping can
ennnection that the new division lias been
organised, according to the latest report of
the Hawaiian experiment station.
It is also "suggested in the report that
better arrangements could be made if there
were a branch of the marketing division In
San Francisco, which should act as a cen
tral office for fresh pineapple shipments.
This office could undoubtedly prevent the
i nf h.rn and flooded markets.
which has characterised tha previous con
dition of pineapple shipments.
The same office could also do valuable
service In handling other Hawaiian prod
ucts, such as sweet potatoes. onl""";
bananas, beans, coffee, cocoanuts and kukul
nuts The last mentioned product is par
ticularly valuable on account of Ita larga
oil content.
Coffee Futures.
NEW YORK, Feb. 20. The market for
coffee futures opened unchanged to two
points higher this morning in vrnpatbr
with the relatavely steady ruling of Wrasii,
but prices eased oft later under trade soil
ing, with the market closing net unchanged
to four points lower. Hales. 9500 bags. 1- eb
ruary. 5.46c; March. 5.4.1c; April. B...6c; May,
5.6Sc; June, 5.70c; July. 5.71c: August. S.Mic;
September, .1. 88c; October, 6.05c; November,
7.01c; December, 7.08c.
Spot quiet, Rio. No. 7, T1ic; Santos, No, 4,
0 c.
Milreis orlces wore unchanged in the Bra
zilian markets at the close yesterday.
Metal Markets.
NEW TORK. Fob. 20. Copper dull. Elec
trolytic. 142(B'14.87Hc; casting, 14.2U&
14.62 iic. Iron unchanged.
Iluluth I.lnaeed Market.
DULVJTH, Feb. 20. Linseed -Cash, $1.$$
1.S0; May, II M; July. $1,87.
CATTLE RUN IS GOOD ONE
QUALITY IS SATISFACTORY, BIT
rUICES NOT STRONG,
Sheep Market In Very Firm Position.
Snlne Value on Parity
With Eaat.
But little was done in the livestock mar
ket yesterday, and price conditions were not
altered. Receipts were 263 hogs and one
steer. Shippers were: With hogs Mrs. A.
D. Conrad, Kallspel, 1 car; F. B. Decker.
Gervals, 1 car. With mixed load C. E.
Luike, Canby. 1 car cattle and hogs. The
sales In detail were as follows:
Wt. Price) Wt. Price
SI hogs 213 $6.7014 hogs 2:19 $5.75
i nous 245 0.1NI, 1 hog 300 O.lO
1 hog 22i 5.75
The official weekly market report of the
Portland Union Stockyards Company fol
lows: Tho receipts for the week have been: Cat
tle. 1055; calves, 14; hogs, 4437; shoep,
22-11.
A comparatively good run of cattle
brought good quality to market this week.
Prices, however, did not register as strong
as previous week. Top steers of prime qual
ity went at $7.85. Market steady at close of
week.
Prices continue on a par with Eastern
markets. Many light hogs and brood sows
have made their appearanco on the market,
bringing, of course, low prices for this class
of offerings. Tups at close of week. $0.90.
A very strong sheep market all week.
Top lambs sold with fleece on at $v2.i.
shorn lambs at 7.2i; choice ewes. $6.15 and
wethers at $7.15. Market continues very
"rhe'follnwlni; sales are representative of
the week's trauing:
Wt Price!
Wt. Price
98 $7.15
27 steers.
27 steers.
104 steers.
51 steers.
321) hogs. ,
194 hogs. .
595 hoiis. .
47!) hogs. .
21K", lambs.
1027 $7,851 41 wethers
10S2 7.75, 4 earlgs
117 7 18
li:
7.50 20 cows. ..
11.11
6 60
6.40
iv:ii
18 cows. . .
1111
180 6 wo i cows... .
176 6.831 21 cows. .. 1111 6.''
178
1SJ
6. SO' K nulls... Kul JIJ
0.751 1 slag 1511 0.50
8.2". 2 heifers TM 6.25
116 ewes.
131 6.15 1 calf. . 3..1
prii-n'purrcnt at the local stocks ards on
the various classes of stock:
Prime ste -rs $( 7, ?
Choice steers
Medium s'-eers S,',;; fi'i..
Choice cows w '
Medium cowa
Heifers
S.OOli 6 HO
6 (MK'i 8.25
Bulls
. . 8.50111 6 U0
. . 4.50W6O0
.. 6.23WA.70
. . 5.50 i.2l)
. . 60OrT.15
. . SH0 .I 6 13
. . 7.00 ir 8.23
Stags ....
Hogs
Light ....
Heavy . . .
Sheep
Wethers .
Ewes
Lambs
Omaha Livestock Market.
SOUTH OMAHA, Feb. 20. Hogs Re
ceipts 7.-.O0; market higher. Heavy. (S.40tf
6.50: light, $i.404,:S.6o; pigs . $3; bul
of sales $ii.4otf s.50.
Cattle Receipts 300; market steady. Na
tive steers 5. 757.75: cows and heirerS
$4.50f7; Western steers 3 7u(8 -'
steers "ft.i.S5a 7.10! cows and heifers $4.40
2'.; calves "4jl". ,
Sheep Receipts 100; market ateady.
Yearlings i6.7'u7.(3; wethers .25.I5;
lambs $7.0SM.6O:
Chicago Livestock Market.
CHICAUO, Feb. 20. Hogs Receipts t.
000; market active, steady to 5c above yes
terdays average. Bulk of sales. $ .0j(. .50.
light (1.40(b 6.C3; mixed. 6.30i 6.5o; heavy,
$ii.loi&6.50; rough, $.loj.2i; pigs,
& 50
' Cattle Receipts 200: market steady. Na
tive steers. $6.23418.50; Western. 48a)
7.35; cows and lielfera, $3.40 w 1. 1.0 ; calves,
'si,eep-Receipts 1O0O; market steadr.
Sheep, $(1 4041 7.25; yearlings, $;.:'.;
lambs. $ 7.2ft ft- 70-
woolIlueTrisiiig
ACTIH M'FX'l LATIO ON AMtlNti
KASTKKi DKAt.K.HS.
Situation In Rearard to Knbirw la Not
lliitrrinlly ('kasiril Local
Prices) l'.nhnnced.
The weekly market letter of the Portland
Wool Warehouse company follows:
Our correspondents from Phllaueipmia an.i
ionton, by telegraph, Inform us that the pa"l
, ....... mnrlfeta V.IIK llACn a TlSfnC OD.
ween in uwm if" -
n... .i.iinn i nn aiiionE dealers and
X iiu awu.,..
people who have wool to sell can get a good
irlce merely by homing.
.i..finn in riL'Hrrl to the embmruo U
1 lltj DHUOU" "
practically the same and soma fine wools are
eing brutlgni mm -"- ,,.
he proviso that neither the wool nor the
nods into which It will go shall bo shipped
'o Germany. Below we Rive relative Pf .es
Eastern Oregon and similar wool, whers
sheep are run in tho sandy countries
Clreuse UiiSlS.
Ine staple
Ine clothing
Ine medium staple. . . .
ine medium clothing.
,22'n 2 7l)'ci 7 lc
.1911 21c ll.'.l IIV
.221.1 210 65 41 67c
I '.i 'i:te. ti.1 ut H.'.C
24 ?i 26o 67i 7(r
air-t.iooM cm. u, 5," r. 0,4
One-fourth-blood combing . .30 W 32c 6(1 62c
The above prices In grease are in acc.r..
ice with the shrinkage.
Willamette Valley and similar wonl
Crease. Basis.
ne-fourth blood
hree-olKhllis-blood
alf-blood
. 3." Tl a.ic 02o
.3211 34n 64c
.28'tt30u 6c
Cotswold and similar
wool, 28Ji30c In
cotswoi'i Mi.w rl j,., ,v .
grease, according to condition Aboi ,, prl
ase nucor-.u, --"1,h lhr.V-
Mnhalr Mohair is looking better and the
arket abroad ha. a very firm tendency
,e call from the mill, b, generally for tl e
w wools, such a. cotswold. nne-fotlrth-bl" d
and the inrce-e......c. ... -- -. -
wool from half-blood down I. In good I di -
ma
,nd. Below wcqum )in .
em
n seaborn inari..-.. ,
Best combing. 3C.'.i88c; ood combing. 4
combing. S3 H 34c; good combing. S!8r30c;
ord
inary combing, 2"'g -6c.
AMERICAN HORSES MOLD FOR EXTORT
Hanger of Shortage In Supply. !'
No
Shipments to Europe.
The world's stock of borses Is 1 00.OO0.O0O,
of
which Russia has 25,ooo.(o ana in.
.h u.m over 24.000.000. E ports from
Un
thi
Is country during the four months, Sep-
tern
ber to December, inn. toiaiei
horses. it has been feared ny some
there would be such large numbers exported
to the warring European commies
cause an acute shortage of Horse. In th-
Un
... ..... n't... l.nnartnietlt of AgM
lea riiaica. . e - -
. mm nn Immediate danger
cul
lure, punt"., - -
this, and sajs that could sell two or
of
Ihn
tnree iimee - - , .
without there being any appreciable sl.ortase
times tne numeer . --f
or wora norBc-. VT J
shipped are mediocre animals, which ordi
. - Xhua wh(eh havM heell
narily sen tor ib i....
a class of which w can won mium m um
rid. ...
The big demand tor norses win
occur after peace nas oeen ue.iare..,
they w ill he needed lor larmtng. j no
mands on this country, wnirn nas one-iourin
of the world s supply or nor.es. win no irs-.
and will probably continue fvr a number oj
-r . . i -i.. ui,i . IM i,a in no-
years, in.. ' ii..... - - -
sltlon to meet this foreign demand it farm.
era will oreea tncir guvu maiv,,
WHEATTHROWNOVER
Wholesale Liquidation in Chi
cago Grain Market.
FRESH DECLINE IN PRICE
CVmdltlonn In l:port Sitiintiou lie
como IlnnerTotin Irlitnrllr!
News IYhiios Too I. a to to
Have Dffrx-t on Market.
CHICAOO. Feb. Sr, Dangerous con
ditions developing abroad for ripnrt ship
ments brought about a fresh decline l.is
In the price ot wheat. Notwithstanding tl
lle., the market closed unsettled at le
under Inst night. Other net lse. were:
Corn. a to lc: oats. c to lc, and pro
vision.. 7 He to 87 Sc.
Stormy selling tnnk place at the outj-t
In the wheat market her regar.lle.. of
firm quotation, at llvrxot. it vu. 'evi
dent tliat holders on thi. .i.le wer lloui
datlng In wholesale fashion, many .t"i
losa orders being executed, especially to
the July option. During- tlio break hlrh
ensued, however, cash and ffpnrt house,
were pr.l.tent buyers of tha My dsllveo.
Fears that exports from ths I nlted ht.ten
might be gravely interfered with prevsnl.d
the rallies In the- Nhsil market from as
suming a lasting character. Advices te
aarding the energetlo at lacks on the f.rts si
the Dardanelles came too late to affect the
market.
Corn wa. under pressure from ths- bear,
the greater part uf the tiav. Ilnme.llo l.u -Ing
for Industries was something i.f an otr
.et at one time, but tha influence of Hi. big
visible supply and or the wheat weaknu.a
could not well be conquered.
Seaboard assertions of a Mg npnrt csll
fcr oats were ineffectual l overcome. In
that cereal the results of Ilia depression ef
other grain.
Tha leading futures ran god. at follow:
WHEAT.
Open. High. Ixw. Close.
May 1.0 $l.l (11.1 1. .'..
July 1.30 1.31 4 1.211 1.31 i
CORN.
May 76's .76 a .7514 .7
July ''I'it
OATS.
May .'.t ,M -UK .;''
July 5:tTt .55 .5 : .54
MESS POKK.
May 1"..M) I' 5ft 1 I0 1S3
July l. bit IS.1'3 ls.j l.i
LAUD.
May lo.'.o 10.52 10 45 16 4.1
July 10.75 10.75 10.50 10.11.
SHOUT K1I1S.
May . ..10 00 10 10 in 00 innt
July 1037 10.37 10.3O 10.32
Cash prices were;
Wheat .No. 2 red, sl.fiOtf 1.62; No. 3 hard,
$1 tl'i.u 1.62.
Corn No. 4 yellow, 71Vt72c; No.
white, 72St72c.
Rye No. 2. $1.23.
Burlcy Tuu 8.1c.
Timothy $...5U' 6 ."Ml.
Clover M150U 14.50.
Primary receipts Wheat, "hk.oiii) m. 754,
SOO bushels; eru, iS.o.'O is. 1, lull, 'Hid bush
els; until, K(.2, (ii)n v.. i.lK,noi) buahels.
Shipments Wh at, UI.uOu v.. 3:,00O
bu.it.is; corn, Mb.,.") m. jit.ooo buau..,
umim. .:', "no v.. &4.1.000 bush....
Clearances Wheat, i:o.i'g bushel. ; corn.
;i;,ui.ii bushels; uala, :,uiH bushels, f.uur,
iu.OVU barrels
1. u rui u n Grain .Markets.
LONDON, Feb. 20 Cargo, on passage
steady.
l.lVEItPOOl., Feb. 20. Corn 4 losed U 4
higher.
Minneapolis Orain Market.
MINNEAPOLIS. Kob. 20. Wh.st-May.
$10o:; .Lily. H.46S; No. I h.rd, l ..1a.
No. 1 Northern, $ I no H 1 34 , No. 3
Northern, 1 .4.1 fl 1..".2 S.
itarlvy, 6UU71.'.'.
Flux, ll.Mll I. Ml
Olber Lsstern Wheat Market..
WINNll'Kfl, Feb. 20.-Wheat clo.cd: Ma.',
f Loti". bid; July, $1..'."1 asked.
Dl'l.l'TH, Keb 2u. Wheat closed: Ml),
Jl.33; July. 1 .40 S.
KANSAS CITY, Feb. 20. Wheal closed:
May. $1.02; July. $123'..
ST LOl lS Keh 2" Wheat i !). I. Mil,
$1.33 bid; July. $1 2D ' bid.
I'uget Hound .ralj Markets
FEATTI.K. Keb. 2"- Wheal Mlucstrni,
$133: Turkey r..l, $1.4.".; f.iroluld, (I. Mi
club. $l.il: flf". $1.43. red Kuaalan, 1.4U
llnrlev. $20 per t..n.
Yesterday s u' I elpta V hrs t, o. bar
ley, 2; bay, 6; flour. K.
TACOMA. Veh. ;u Wh'l I llliie.(em.
$1. .v.; forty fold, $1.34, club, $1. 33; red flla.
$1.3o.
Car receipt. Wh.al, t, C'Tn, ... oats. 4.
hay, 11.
New lark Hugsr Market.
NEW" Y'OilK. K'6. 2i'. itsw augur, steady;
molasses auit.tr, $1.00, conn llugal, (II;, Is
fund, .lead).
Klgln llilller Market.
LI.CIN. 111., Ih, 2". It.lltei, J(l.u3lV
No saics.
Colt on Market.
v,iL- 1T..K -O Smil enili.B Oil,L
Middling uplands 1.33. Nil aalsa.
Hop at New arh.
NKW VliNK Veh. .' - M..p nnel
OVERBECK &
COOKE CO.
Ilrokers, Pforka, Honda, Cetlev,
Orain, s-tc,
1-SIJ OAKI OF TRAIIK nl.lKJ.
MJ...MUEKM (HII.K.O UOAKI) OF
TIIADK.
Carreoponrienla of Insaa A Uraa,
Lbicago and New Iwk.
MKMHF.RH
stew York Hlock l irh.nM
Clilcacn Mock Ki.'h.nfs
llMtoll Mock Fichansa
lili ago Hoard of 1 rail
New ork I ulliin r.ichaage
r.cw Orleans otlnn t ..-bulla's
New York le Ki" hanse
New York l'rdHc r.at-haage
l.tverKMl Cotton Asa'n
jtw.t-i
t IN K r. i a f
t w... it- e W
ut ot Urt snail, r lJ
loss St tlving I
IF gtiFDi i
mnirrt WRITE MAKKHFa
3i laking water Iruin tbe statt
- ... u U I F-4.
l..S.T ,- - "
(,Bl4sl I in J asi '"-
Portland and KerJfre.
THA fcl-r-KM- t.l'IOK.
NEW ZEALAND
AUSTRALIA
Via HONOI I I.i: and M'VA
I'alatial l asseng.r Meaiiiers
"NIYtitKY." 70.i'".l l.ne lsi.ia.-mant
1 i l I H t ' U.t'OO f'tia illat.a.'en.ent
Palling eveiy . from Vaneoii.r. H. C
Apolr Canadian I'arlfle Kallwar I .. M
M.. Portland. '.. -r th- aaartlan Au
Iralaslan l(. .1.1 Mall l-lne, 44 be moor hi.
Yani'oiirr, I. C.
COOS BAY LINE
ftlKAMSIIlr UKKAKWATKk
Falls from Ainswortk dock. Portiaad. t P.
4- . .- . '. I . . T. ., I,. B W I -
lower Ainsworib Aa- k. f C, B . "-.
L. U Rasllng. Ast Fbonee Mala .
111! city Tiikat unice. so usth at. o. w.
.uutu, Agaab 4'aoties MatsUaU ttw. - U