TIIE SUNDAY OREGOXIAX, POTITLAXD, OCTOBER 1, 1916. 15 FLOUR UP 20 CENTS Local Advance Will Take Ef fect Monday. RISE SAID TO BE OVERDUE New Basis for Patents Within 40 Cents of Top Mark Readied In February, 1915 Wheat Buy ing for Eastern Shipment. An advance of 20 cents a barrel In flour was announced yesterday, to take effect Monday morning. The new price on patents will be J6.S0 a barrel. This makes a total advance of f - a barrel since the beginning of the current cereal year, and brings the quotation within 40 cents of the record price for patents In this market, which was at tained on February 6. 1915. There has been no advance In wheat in the past few days to accompany the rise In flour, but millers figure that prices have been too low for some time and that when wheat was climbing up to its present high mark, flour quotations did not make a corresponding advance. They have, there fore, taken this opportunity to adjust flour prices to a parity with wheat. At the Merchants' Exchange yesterday all wheat bids were posted a cent lower than Friday. Some demand from the East was reported, and it was said there was a limited amount of buying In the country. Barley bids were reduced 1 on the board and offers for oats were raised a quarter. Argentine wheat shipments this week are estimated at 650.000 bushels. Sales at the Merchants' Exchange in the past month were 25,000 bushels of wheat. 400 tons of oats and 100 tons of mill feed of a total value of $46,175. Local grain, flour and hair receipts for the first three months of the crop year compare with receipts In the same period last year as follows: 101S. 1915. Wheat bushels 1,046.100 4.501.000 Flour, barrels 213.200 9O.O00 Oats, tons 14.350 0.050 Barley, tons 1.4:!5 l.-.nno Hay. tons 8.040 10.900 Terminal receipts. In cars, were reported by the Merchants' Exchange, as follows: Wheat.Bar.Fir.uats. nay. Portland. Saturday. 4.i ... Year ago 74 6 Total this week... 12 3 Year ago 4 SI 54 Season to date 1407 41 Year ago 351 3 4S6 Tacoma, Friday 38 6 Year ago 41 1 Season to date 1065 40 Year ago 2507 144 6 1 2 6 7 31 22 533 225 T 25 62 432 548 24 14 530 703 91 40 574 36 10 "ort 140 Seattle. Thursday Year ago 5T 8 11 3 40 Season to date - Year ago S.'.M 336 642 841 1330 YAKIMA HOP SALES ABE REPORTED Several Crops Are Disposed of' at IS and 12V4 Cents. Several lots of Yakima hops, amounting to between 200 and 300 bales, were sold yesterday at 12 and 12H cents. No business was reported In Oregon and California, Eastern trjde papers quote prices on Bpot hops o brewers at 1814 020 cents for So nomas and 1618 cents for Oregons. In point of quality there Is no difference be tween the two and this fictitious spread can only be accounted for by the damag ing reports circulated as to he condition of the Oregon crop this year. When the Eastern trade is better supplied with sam ples of the current Oregon crop, the repu tation of the hops produced here should be Improved. The Watervllle Hop Reporter says of con ditions In New York- state: "The biggest hop boom In years has been experienced here during the past couple of weeks. Practically all the choice hops In this vicinity have been bought and the highest price paid up to date has been 68 cents. "The estimate of the New York state crop was 800 bales, and it Is doubtful there are 300 bales left in the hands of the growers. "Most growers are pleased with the situ ation and are figuring to Increase their acreage next year. The future promises big opportunities In trie hop business for the next few years." Mall advices fron London dated Sep tember 7. said: "Business during the past fortnight has been very quiet, although a somewhat im portant transaction in 1915 English hops caused trade to be somewhat firmer for a short time, but the sales were effected at rather low prices. Current quotations for 1915 English range from 105s to 120s per cwt., while good English yearlings remain at their previous nominal values. In the American section, only a few sales have taken place, prices . generally being un changed. Belgian hops In little demand, but some small pircels have changed hands at reduced prices." TAKIMA APPLES SAID TO BE GREEN New York Auctioneer Answers Statements Made by Stelnhardt. Arthur M. Geary, of this city, has re ceived the following telegram from H. B. Hageman, of Brown & Secumb, auctioneers of New York, In regard to the statement made by J. B. Stelnhardt concerning the sale of Yakima apples at auction. "The car of Grimes Golden that sold for 24 cents was dead green and would never ripen. Important private sellers say oar should never have been shipped from the West. On the same day the auction house sold some Delicious apples at auction for $2.60 a box. Yesterday the Fruit Auc tion Company sold a car of Winter Banana apples et the average price of $2.25. Ihe auction has realized during the last 10 days the highest prices paid for Fall pears, namely, 18.00 per half box. Half crates of pineapples have sold for $5.12 and half boxes of grapefruit for $8.12." CRAPES ARE FIRMER IN SOUTH Elbert Peaches Cleaned Up at Ship- pins; Points. The grape market Is firming up In the South and Tokays are quoted higher. A general advance is expected In the coming week. Peaches are cleaned up at shipping points, but there are enough Elbertas here to last for two weeks. Salways will be on the mar. ket In a few days. This week will also see the wind-up of the California cantaloupe season. The tomato market Is very firm with fancy shipping stock scarce. Other vege tables are holding steady. EGGS FIRM WITH SMALL RECEIPTS Best Grades of Butter in Demand; Cheese Market Steady. The egg market closed firm at 36&37 eents for current receipts. Arrivals of fresn ranch have become very smalL The butter market was firm for country creamery surplus of good grade, and the city trade was on a sound basis. Cheese prices are holding steady with no Indication of change of price in the Ira. mediate future. Receipts of poultry and meats were light yesterday, and prices were unchanged. Will Sell Apples In Texas. C. R. Grelsen. of this city, has been ap pointed representative at Fort Worth, Tex., of the Spokane Fruit Growers' Company. The Southern office will be opened about October 6- Bank Clearings. Bank clearings of the Northwestern cities yesterday were as rouows: Clearlntrs. Balances. Portland $2,200,M3 $-62,478 Seattle 2.615.145 371.737 Tacoma .'XH...VJS 71.2H7 Spokane 1.02S.763 243.534 Clearings of Portland. Seattle and Tacoma for the past week and corresponding week in former years were: Portland. Seattle. Tacoma. $2.1tl.25T 1.747,052 2.43:l.4!s 2.532.1S8 3. B94,iS0 4.710.333 6.176,954 6.245. fil 4.931,700 4, C4041 4.G40.S41 1P16. . 14. 315.810 1.543. 43.5MI n.:rfj 1915 11.700.S10 ii.cn 1H14 10.5SU.S2il 12.434.5c li: 1912 1911 1910 lc't l!H0j 19U7 Hi 05 Ii5 1 3. 1 c!3. 1 1 7 12.639.147 13.1.72. nil 10,h1.219 1 1.1 0O. H32 7.493. ISO S.S20.7H3 7.524.32H 5.1W3.797 13.4C14.7S2 1J.6mO.Imi1 1 1.5CJJ.532 lt.273.S14 11.915,752 9,59,5,T,H 1i),c;:s0'i3 12.4C13.977 S.454.B10 3.727.29 Portland clearings for SeDtember of this and former years were: 3916 t58.B3S.037 1915 46,475.763 1914 40.423.sci5 1913 54,S37,SrS 1912 51.9S1.344 1911 4 49.691,219 1910 44,t'R9.573 10O 34.367.067 POBTLA'D MARKKT QUOTATIONS Grain. Hour, Feed, Etc Merchants' Exchange, noon session. October delivery. 7 Bid heat Bid. Bluestem S 1.34 Fortyfold 1.27 Club 1.20 Red fife 1.2S Red Russian 1 23 Oats No. 1 white feed 27.25 Barley No. 1 feed 33.00 Futures November bluestem .............. November fortyfold j r. ago. .9 .no -t34 .83 23.25 24.73 Bid. . .. 1.34 Novemberclub 1.2;1 November red fife 1.28 - .......... ................... i - i November oats 27.25 November feed barley Zi.oa FLOUR Patents. 0.S0: straights. S6.20 6.0O: exports. SU.20; Valley. 6.40;' whole wheat, 7: graham, I6.S0. MILLFEED Spot prices: Bran, $23.00 per ton; shorts, $23.00 per ton: rolled barley, 35.50Jl36.50. CORN Whole. S42 per ton; cracked, S43 per ton. HAY Producers' prices: Timothy, Eastern Oregon, 116.50 & 18 per ton; timothy, valley, S15fg.l6 per ton; alfalfa. $14.50& 15.50; wheat hay. 13.30Sjpl4.50; oat and vetch. 18$J 13.50; cheat. $12; clover, 10. Dairy and Country Produce. BUTTER Cubes, extras. sic Jobbing prices: Prints, extras. 33350; butterfat. No. 1. 32c; No. 2. 30c. Portland. CHEESE Jobbers' buying prices, f. o. b. dock. Portland: Tillamook triplets, 18c; Young Americas, luc per pound. Oregon ranch, current receipts, 3G&37c per dozun; Oregon ranch, candled, 38lf 4tlc. POULTRY Hens. 1415c; Pprtngs. 15S17c per pound; turkeys, live 20 & 22c; ducks. Il4fl4c; geese, llc&lv..-. VEAL, Fancy. 12, to Lie per pound. PORK Fancy, 12Vfel3c per pound. Fruits and Vegetables. Local Jobbing quotations; TROPICAL. FRUITS Oranges, Valenclas. $4fgi4.50 per box; lemons. 7.25 per box; bananas, 4 He per pound; grapefruit. 2.ij0 3.75. VEGETABLES Artichokes. 73cl per dozen; tomatoes. 50 5- 6tc per crate: cabbage, $1.35 per hundred; peppers, 4r&5c per pound; eggplant. 5 ry. tic per pound; lettuce, 20&25c per dozen; cucumbers, 25 eg. 5Jc per box; celery. 60 75c per dozen; corn, 10 a 20c per dozen. POTATOES Oregon buying orlce. 90c a tl j per hundred, country points; sweets. 22vc ONIONS Oregon buying price, $1.60 per sack country points. GREEN FRUITS Apples, new, 50e1.50 per box; cantaloupes. 60c&$1.25 per crate; peaches, 0'p.75e per box: watermelons, lc per pound; plums. 75cli$1.00; pears. 75cp $1.50; grapes, 75c$1.50; casabas, l4c; Turkish melons, 3c per pound. Staple Groceries. Local Jobbing quotations: SALMON Columbia River, 1-pound tails, 12.50 per dozer; one-half flats, $1.60; 1 pound flats, $2.50; Alaska pink, 1-pound tails. $1. HONEY Choice, $3.25 per case. NUTS Walnuts, sack lots, 16c; Brazil nuts, 15 18c: filberts. l4j18c; almonds. 174922c; peanuts 7V4c: cocoanuts, $1 per dozen: ptcans, 1520c: chestnuts, 10c. BEANS Small white, 94c; large white. 9c; Llmas. 7V4c; bayou, 7c; pink, 74c; red Mexicans. 7 He. COFFEE Roasted, In drums. 175J35C. SUGAR Fruit ard berry, 17.50; Honolulu, $7.45; beet, $7.30; extra C, $7.10; powdered, in barrels, $S; cubes, In barrels, $8.25. SALT Granulated, S15.50 per ton; half ground, 100s. $10.50 per ton; 60s, 11.30 per ton; dairy, $14 per ton. RICE Southern, head, 66c per pound; broken. 4c; Japan style, 4i&.5c. DRIED FRUITS Apples. 8c per pound; apricots, 13t&20c: peaches, 8c; prunes, Ital ian, 8(&9c: raisins, loose Muscatels, 8c; un bleached Sultanas. 9410c; seeded. 9c; dates, Persian. 10c per pound; fard, $1.65 per box; currants, 1516c; figs, 60 0-ounee $2; 100 4-ounce, $2.25; 36 10-ounce, 2.40: 12 10-ounce, 85c; bulk, white 7 4f8c; black, 6c per pound. Provisions. HAMS All sizes, choice, 23Vc: standard 22V4e: skinned. 20V421Hc; picnics, 14V4c; cottage rolls. 16ic. BACOr-. Fancy, 2931c; standard 25 26c: choice, l!lfg24c. DRY SALT Short, clear backs. 154 16fec; export, 16H18c; plate, 12,c&14e. LARD Tierce basis', kettle rendered, 16Hc; standard. 154c: compound 124c BARREL GOODS Mess beef. '$18; plats beef. $22; brisket pork, $23.50; tripe, $10.50 11.50. . Hops, Wool, Hides. Etc. HOPS 1010 crop. OH 011 Ho per pound. HIDES Salted hides. 25 pounds and up. 17c; salted hides. SO pounds and up, 12c; salted kip, 15 pounds to 25 pounds, 17c: suited caif, up to 15 pounds, 23c; green hides, 50 pounds and un 1 .,.,, 50 pounds and up. 11c; green kip, 13 pounds. 17c; dry flint hides, 28c; dry flint calf, up to i pounus, avc; ary salt hides, 24c. w UUL. eastern Oregon. fine. 233 2c-. coarse, 30'g32c; valley, 304232c i jv oin&--va and new K nmr PELTS Dry lons-woolAri nlt i-. short-wooled pelts. 17o; dry shearlings.' 10 25c each; salted lamb pelts, 75cii$1.25; oAiiciA Biurfwumeu pens, CA) C ft ? 1 . NO. 1. 6Ho: No. 2. BUet grease, Oils. KEROSENE Water white, drums, barrels 18i21V4c cases, 28 C; or tat k wagons, 10c; cases. GASOLINE Bulk. 204c: naptha. drums. lSVsc; cases, distillate, drums, 10c; cases. 204c; engine isc. LINSEED naw, barrels. S6c; raw, boiled, barrels, 8Sc; boiled. cases, 91c cases. 03c. TURPENTINE In 64c; 10-case lota, lc tanks, less. 57c; In cases. COFFEE FUTURES BIDS ARE EASIER Market Quiet With Small Offerings and neeK-ena belling. NT5W YORK. Sect. 30. The n.rV.t coffee futures was quiet today, with prices easing under small offerings or liquidation for over the week-end. Opening bids wen. three points higher to flv. Dolni is.r h arter selling at 8.84c early. December eased oir to B.soc, wnne May declined from 8.97c to 8.95c, with the market closing net unchanged to two points lower. Sales, 10,250 bag, October, 8.90c: November, 8.83c; December 8.78c: January, 8.81c; February, 8 84c' March, 8.87c; April. 8.91c; May. 8.95c: June' 8.99c; July. 9.03c: August. 9.07c. Spot coffee, quiet; Rio 7s, 9!4c; Santos 4e 11 He. No fresh offers were reported in the cost and freight market, but It was said that yesterday's cost and freight business aggre gated between 75,000 and 100,000 bags, and some thought there was a little selling against these purchases this mnrnine The official cable reported an advance 01 ici, in Dnnwi spots ana 00 rets in fu tures, with- the Rio' market unchanged. Port receipts, 52,000; Jundlahy, 35,000. Season able weather was reported In Brazil, Naval stores, SAVANNAH, Sept. 30. Turpentine, firm. 4S4c: sales. 113 barrels; receipts. 251 bar rels: shipments, 187 barrels; stock, 24,261 barrels. Rosin. ftrmt4 sales, 576 barrels: receipts. 961 barrels: shipments, 430 barrels- stock 86.0S1 barrels. Quote: A, B, $5 85- C D J5.90; E. $6.05; F, O, H, I, K, $6-2o' M $6:30; N, $6.35; WG, $6.50; WW, $6.60. Dried Fruit at Kew York. NEW YORK. Sept. 80. Evaporated anoles 1 ' 1 v . . 1 , prime, 6iix6V4c. Prunes, firm. Peaches, dull and easy. Choice, tSe; ex tra choice, 7c; fancy. 7Vc. Dnlnth Linseed Market. dfluth, bept. ao. Linseed on track. $2.284 i?2.2BV ! to arrive. $2.284; Septem ber, nominal; uctoper, 7 V4 (a 2.27 Vi November, $2.284 bid: December, $2.27 bid' May, $2.30 1 bid. Cotton Market. NEW YORK. Sept. 30. Spot cotton, quiet. Middling upland, 16c. No sales. Elgin Butter Msrset. ELGIN, 111., Sept. 30. Butter, 50 tubs 34c. BEAR RAID FAILS Efforts to Check Advance in Stocks Unsuccessful. EARLY LOSSES REGAINED Bond Market Is Firm, With Iargo t Dealings More Favorable State ments of TJailway and Ship ping Earnings Reported. NEW YORK. Sept. 30. Traders endeav ored with Indifferent success to arrest the advance of prices during today's two-hour session, concentrating their efforts upon United States Steel, allied Industries and some of the coppers and rails. These Issues were forced down 2 to almost 5 points In the first hour. Steel receding 3 to 116H with a more severe break in Republic Steel, while Union Pacific lost a points, with 1 to 2H for leading metals. Early losses were recovered In large part. Steel, however, manifesting less recuperative power. The close vu slightly irregular. Total sales were 79O.000 shares. Additional favorable statements of earn ings were submitted by Important railway systems. Chicago & Northwestern showing an increase of 1. 090,000 in net for August, while the prosperity of the shipping trade was attested by the July statement of the Atlantic. Gulf & West Indies Steamship Com pany, which Increased Its earnings over the same month of last year by more than 75 per cent. The weekly bank statement threw some light upon recent market activities, the ao tual cash account disclosing a contraction of about $24,000,000, while reserves decreased by almost $25,000,000. Trade advices lost nothing of their recent glowing character, one of the leading mer cantile authorities reporting commodity prices at new high levels. Today's bond market was firm on a large turnover. Total sales, par value, $2,170,000. United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Closing Sales. High. Low. bid. 1.700 97H 96H 96 3.100 67 65V. 65 15.iiX 73H 71 71 9.400 81 H 79H 794 14,00 115H 113 113H 000 112H 112 112 1.500 134 133 133 H 1.400 42 41 -I.- 24.9110 98 97 97 2.O00 100T4 106H 106 5.70O 8S4 87 H 87 H 2.800 1391 S8 85 700 3S 63 H 63 H 800 T.i 23 U 23 300 178 ?4 17SH 178 ' 2.300 73 H 72 ' 72 i 8.10O 67 65T, ens 900 86 W 96 Pel 12 4O0 . 19H 1SH 181 4.200 57 51 1 56 U 25,500 63 'i 0 60 900 16'4 15T4 16 20.100 05 H BIT 93 4 2.100 4r, 45' 143 18.600 40 M 40 1.500 1S2V4 18114 11 '4 119; 12.50O 46'i 454 4514 5.500 106 T4 104 "4 105 v 17 20,300 67 H 66 66 H 117 15.100 1224 l'-'O 120 2t4 17.S00 67 55 4 564 1331, 5.3O0 112i 1114 111", 2,000 39 39 39 IO 44 93" 1.000 70 094 70 1.00 22'4 22. 22tj 8.900 Ici94 109 IO'! 900 60 i 60 Si 60, 14.700 1374 1 15 1354 1.800 111 11314 113 200 274 27 26 300 35 35 34 2,800 58 574 5S 1.400 26 'i 25- 25 T 12.700 113T 112V4 112H 43.20O S2S 77 V snti 2O0 31 . 31 30. 5.500 1024 lol H 1014 1.7O0 25 T4 25 Vt 25 V, 2,600 133V. 13a 132 H 2 3 V, 219V, 30.100 1X1 1494 150 2ci0 84 84 K34 1.5cx 1294 12814 12S'4 210.5OO 11:14 H7T, 300 121 4 121 '4 121V 4.000 96 95 V, 95 14 , t : 100 w 8.700 654 644 64 V, the day. 79O.000 shares. Am Beet Sugar.. American Can. . . Am Car & Fdry.. American Loco.. Am Bm & Refg. . Am Sug Refg. Am Tel & Tel Am UtS Anaconda Cop. .. Atchison Baldwin Loco... Bait Ohio Br Rap Transit.. B S Copper. . .. Calif Petrol Canadian Paclf.. Central Leather. Ches A Ohio. .... Chi Mil & St P. . Chi & N W C R I i P Ry Chino Copper. . .. Colo Fu & Iron . . Corn Prod Refg.. Crucible Steel . . . Distil Securities. Erie CJeneral Elect. . . Gt North pfd Gt Nor Ore ctfs.. Illinois Central.. Int Consol Corp.. Inspiration Cop. Int Harv, N J. . . Int M M pfd ctfs. K C Southern. . . Kennecott Cop. . Louis & Nash... Mexican Petrol.. Miami Copper. .. M K & T pfd Mo Pacific, bid. . Montana Power. National Lead . . Nevada Copper.. New York Cent. N Y N H H... Nor & Western.. North Pacific. .. Pacife Mail Pac Tel & Tel. .. Pennsylvania. . . Ray Cons Cop. .. Reading Rep Ir & Steel. .. Shat Ariz Cop. .. Southern Pacif.. Southern Ry. . . . Studebaker Co. . Tennessee Cop. . Texas Co Union Pacific... do pfd U S Ind Alcohol. U S Steel do pfd LTtah Copper. . . . Wabash pfd B. Western Union.. Westing Elect. .. BONDS. TT S ref 2s reg..99 INorthern Pac 3a 6CI14 U S ref 2s coup.99 Pac TAT 5s... 101 S U 8 3s reg 'lOO' Penn eon 4Hs..l05Ii U S 3s 'coupon. 'lOOVi, South Pac ref 4s 90H IT S 4s reg 109H do cv 5s 105 , U S 4s coupon. HO Ln4on Pac 4s 97 H Am Smelter 6S..114H) do cv 4s 94 Atchison gen 4a RSHIU S Steel 3s.... inn' NYC deb 6s... 114 HI Anglo-French 5s. 95H Northern Pac 4s 92 j Bid. Mining Stocks at Boston, BOSTON, Sept. 29. Closing quotatlo ns: suouex cu4 Monawk 94H 84 22 V 71 V4 97 91 4 V4 17 43 15 4 49 Arls Com 134Nlplslng Mines. 76 !4, North Butte ... 580 01d Dom . . 224!Os-eo!a 71V4Qulncy 16 IShannon ........ 9 Superior 92 Tamarack 50'Utah Con 86 Winona Calumet & Ariz. Cal & Hecla Centennial Cop Range Con. East Butte Cop. Franklin , Granby Con Greene Can Isle Roy (Cop). K.err Lake . 5 Wolverine Lake Copper.... 144! Money. Exchange, Etc. NEW YORK. Sent. 30. il ercantlle paper, 1 .714; demand, francs, demand 3 per cent. Sterling. 60-day bills 14 cn: caoies, S4.T6 7-16: 5.8! cables. 5.824: marks demand, 704 ; 12 1-16, cables cables 41; lires. rubles, demand cables 704 : kronen, demand !:: gulders, demand 404. demand 6.644. cables 8.4514: 33. cables 824. Bar silver. 694c. Mexican dollars, 534c Government bonds, steady; firm. railroad bonds. fiAV TIT? L Vr-Tcn . $4.714 : demand. $4.734; cables, $4.76."K' Mv.irtro, l- C. LONDON. Sept. 80. Bar silver 99 tia ounce. ' Money. 44 per cent. . . . wins, n r per cent; three months, 5V454 pc cent. GAIN REPORTED IX GOLI RESERVE Increase of Nearly Nine Million In Federal , Banks. WASHINGTON. Sept. 30 The Federal . . lavement loaiy ol the com bined resources and liabilities of the 12 Fed eral Reserve Banks on September 29 fol lows: Recsourcee Gold coin and certificates in rJ'.a.UlU..'i I VV $260,845,000 Goid settlement fund 124 421 006 Gold redemption fund with U. S ' Treasurer 1,929.000 Total gold reserve . . , Legal tender notes, silver, eto. .$3S7.1H5,0O0 7.881. 0l0 Total reserve $393,006,000 Five per cent redemption fund against Federal Reserve Bank notes 500,000 Bills discounted and bought Maturities. withlnclO days $ 2j 408 000 From 11 to 80 days 23 "45 000 From 81 to 60 days 8627!oco From 61 to 90 days .............. 23 SS2 OciO Over SO days LS1&0O0 Total $108,578,000 Investments United Btates bonds $ 46,544,000 One year United States Treasury notes 6.927.OO0 Municipal warrants 24.02S. 000 Total earning assets $184,077 000 Federsl reserve notes, net $ 14.250 oofl Due from F. R. Banks, net 31.805 00O All other resources 7.548.000 Total resources Liabilities Capital paid In Government deposits Member bank deposits, net . .$032,741,000 ..$ 53.3Or?,0OO 3H.9S5.0ciO . . 62I.74cl.ono Federal reserve notes, net 13,216.000 Federal Reserve Bank notes In circulation All other liabilities 3.033. 000 874.000 Total liabilities $632.741. 000 Goid reserve against net deposit and net liabilities. 71.4. Cash reserve against net deposit and note liabilities. 73.8. Cash reserve against net deposit liabilities I sfter setting aside 40 per cent' gold reserve against aggregate net liabilities on Federal reserve notes in circulation. 73.6 per cent STOCK SALES OVER MILLION fell ARES Farther British Financing; In Near Fntare Expected. NEW YORK. Sept. 30. Out of a total of 25 working days, including five week-ends, this passing montn, there were 21 days in which sales ranged from 1.000.000 to 2.250. 000 shares dally and thrVe two-hour ses sions In which trading averaged well over 1.0O0.000 shares. This activity was accompanied by gen erally higher quotations, particularly In the Industrials, coppers, motors and equipments. United States Steel was again the outstand ing feature. There mere other substantial gains by kindred issues, among them Colorado Fuel. Coppers continued to supply a large part of the turnover at advancing prices. Shares of other metals participated In the rise and numerous epeclaltles of no particular class or designation were higher by 6 to 15 points. Ralls were responsive tn brilliaiK state ments of earnings. Shipping shares dis played varying tendencies. Mercantile Ma rine losing some ground prtor to the ac ceptance of the reorganization plan. This country's pre-eminence as a world's center of finance was again exemplified In the $50,000,000 loan to Paris, the proceeds, however, to be applied to peace purposes. Rumors of a new British external loan 'are received with credence In authoritative I quarters. Our bankers may be expected to assist In the flotation or the new French loan, the terms of which are yet to be de termlned. PRIME STEERS WANTED FEEDER STOCK IS ALSO IX GOOD DEMAND. Hoes Rule Steady la the Past Week, bheep and Lambs Firm With Moderate Receipts. There was no change in livestock mar ket conditions at the close of the week. There was a run ox four loads yesterday and the few sales were at old prices. Receipts weie 136 cattle. 33 calves and 235 hogs. Shippers were: H. B. Turman. Willows, Cal., 2 cars hogs; R. T. Uns.it. Sheridan. 3 cars cattle and calves; John Coite, Lyle, Waan., 20 cattle by boat; Wolf. Clatskanle, 26 cattle, 4 calves by boat. The day's sales were as follows: Wt. Pr.l Wt. Pr. 4 steers.. J218 7.0O197 hogs. . . 191 $9.) 3 steers. 12oo .5U 4 hogs... 152 0.0 1 steer.. IOcO 6.utii 9 hogs. . . 254 9.00 9 cows.. 1053 5.501 Livestock receipts for the month and year to data compare: Cattle. Hogs. Sheep. September. 1916.... 5.046 1 6.499 la. 416 September. 1915 . 6.272 16.201 13.06:4 Year to date 53.483 222.813 12o.4.iS Last year 56.285 162.787 loJ.4t4 Reviewing local maraet conditions, tne Livestock Reporter says: "A load of good steers brought $6.35 Tuesday. Outside of this load oil steer offerings were very ordinary and sold from $4 to $5.60. There was a good outlet for all stutf. Packers and butchers took the bulk, while some fair quality stuff went to feeders. There were only a few steers here yesterday. They were stocker and feeder stuff and brought around 5 cents. A very mixed lot of steers here today. Some heavy ones brought $5.75. Outside of this sale there were only a few head sold. De mand for prime steers m-as good. "The bulk of steers sold yesterday at 4.ca to jj.zo. a week ago at $4.50 to $3.25. a month ago at $6.50 to $6.75, a year ago at $6.5il to $6.80. two years ago at $6.25 to $7. three years ago at $7.60 to $8.10, four years auo at $6. 7o to $7.25. "The hog alleys were rather quiet, both Tuesday and yesterday, receipts being light and were all from the Valley. The bulk of good hogs crossed the scales at $9.90, while an occasional sale was made at $10. A very liberal run of hogs here today. They were a rather spotted bunch as to quality. Trading was slow In getting started, there being only a light demand. Best lights crossed the scales again at $lo. while the bulk sold at $9.90 again. "Eastern markets seem to be on the downgrado with the packing season com ing on. During the week prices have dropped about 75 cents. The bulk of hogs in Chicago today sold at $0.9o to $10.00. and at Omaha $9.75 to $9.95. "Receipts of sheep the last few days have been liberal, although most every thing was welshed 'off cars to packers. The few head that were offered were eagerly taken by packers at advanced prices. Val ley lambs again brought SS.50 and a few good yearlings brought $7.25, an advance of 25 cents. "Over 2500 head of sheep received today, which were all weighed direct to packers. A very keen demand exists at advanced prices. "Nothing was offered on the market to day, choice lambs are selling at $8 50 best yearling wethers at $7.2-3 and ewes at Loral livestock nrleea fnllnv. Cattle Steers, prime Steers, good Steers, common to fair..... Cows, choice Cows, me.-.lum to good Cows, ordinary to fair. Heifers Bulls A'.'.'.'.'. Calves Hons Prime Good to prime mixed Rough heavy ........... Pips and skips " tsheep Lambs Yearling wethers Old wethers Ewes . ..$.S0c3 7.00 ... 6.00a 6.50 . .. 5.0c! 'a 5. .VI . .. 5.00 5.60 . .. 4.004s 4.50 . .. 4.00a 4.50 . .. 4.O0 5 5.75 3.00t 4.25 . .. 3.00 'Qf 6.0O .. . 9.30U.10.O0 . .. 9.50 ft 9.6-5 ... R.75 9.25 . .. 8.25 & 8.75 ... ."..30 8.75 ... 5.75-c 7.25 3.50 f 7.25 . .. S.SOttf 5.50 Omaha Livestock Market. OMAHA. Rept. 30. Hogs Receipts 4000. nV-o'.C',"30.0' B'"d 'NUve steer. ... arm neirers. 5.75ii:7.50: Western steers. $6.501.9; Texts steers. $69 7: stockers and feeders. $6198.25. FthMtn Pf.1nf. o mi . V,,: -.e .i-noy. Yearlings. 083 we'hers. $6.5067.23; lambs. $9.50 Chicago Livestock Market. CHICAGO. Sept. 30. Hogs Receipt. 14. in,,., now. Ja to ...c under yesterday's aver age. Bulk. $9.60910.15; nKht $0.851035 mixed. $9.3010.50; heavy, R20103S: rough. $0.20i9.40: Pigs. t.7.1n.cu Cattle Receipts 70O. steady.' Native beef nVo118' S0-0""-: Western steers' ?',.?" ""d Seders. $4.60r 7.70: cows ?.- ' """; calves. $. 25 tp 12.50. aa nDQin, Bend. Or.. Sept. 30. (Special.) The aeo ond large shipment of sheep to be made from here thl. Fall left last night for San Francisco Five dollars a he.d was paM ln,ln 1 Sm0nt;tWl,'Ph Of 8OO0 Snrlntr la m Kb tv. i 1 avp nalrt V ' " Blghe.t price .hi-.,. . . . ..... xn" section. Th k. ;. Vii.i V Lnx' th" seller. ?.mh -m k Pe.rry- A -h'Pment of 4000 lsmbs will be sent next week to Allen ' - ' " ' ' " " igr tnese Delna under stood to be $5.23 each. ' unaer HOLIDAY TRADE OUTLOOK IS GOOD Dealers Regard Irowpf BrlBht. tor neason as Practically all reports Indicate that an unusually optimistic feeling prevails among merchants at nearly every center J. re- Ii.M. t "nm'te iuture. says Duns Re lew. In the Eastern Itfirfrit. . states the full employment of labor at high wages has enhanced the purchasing pow 'iT.J'fcJ. '""ec-. he South has bene fited by the remunerative prices of cotton and Improved conditions In naval stores and lumber, and general prosperltv In the o iii A Vs t-t 'on . t tie west and Pacific Coast has resulted from the hlsh prices obtained for all kinds of agricul tural products, although In some sections crop yields have not come up to early expectations Advices from the leading distributive centers sre almost uniformly to the effect that merchants are stocking up freely not only with staples, but also with merchan dise that a year or two ago would have been classed as luxuries, while the growing preference shown for the higher-priced varieties of goods Is regarded as a favor able reflection of the Increased ability of the people to obtain their requirements Not much has yet been said regarding the movement of what are generallv classed as "holiday goods." but the great improve ment in the financial position of 'the aver ace buyer, together with the fact that no siirn is apparent of any check to the busi ness activity now prevailing, renders It more than probable that trade In all the leading lines will continue in very heavy volume for a considerable period to come Retail demand already make, an extremeiv favorable comparison with the best of previous years at this time, and In spite of the unusually high leve' of prices the opinion 1 among merchants appears to be that It will be maintained well into th. coming year, at least. Chicago Dairy Produce. CHICAGO. Sept. 80. Butter Higher. Creamery. 80fc34e. Eggs -Receipts, 6555 cases, unchanged. The National City Company announces that in connection with the acquisition by it of the Bond De partment of The National City Bank of New York and the Bond Business of N. W. Halsey & Company, of New York, it has also acquired the business of N. W. Halsey & Company, a California corporation, which corporation has heretofore carried on the Bond Business of the Halsey organization West of the Rocky Mountains. 1 The National City Company will conduct through the medium of the organization thus acquired a general distrib uting business in foreign and Domestic Government, Mu nicipal, Railroad and Public Service Corporation Bonds, and will occupy on and after October 1st the offices for merly maintained by N. W. Halsey & Company on the Pacific Coast. Its Oregon representative will be located in the Railway Exchange Building, Portland. The National City Company takes pleasure in placing the facilities of its Head Office in The National City Bank Building, New York, as well as its Pacific Coast branches, at the disposal of Oregon corporations and investors. SET-BACK IS SHARP Closing Out of Contracts Sends Chicago Prices Down. TONE AT CLOSE UNSETTLED Crop Keports From Argentina Are Decidedly Bullish, but Arc Orfnet by Month-End Realizing Sales. September Option Suffers. CHICAGO. Sept. 30. Notwithstanding that adverse crop reports from Argentina today made wheat prices during most of tha session decidedly higher, month-end closing out of contracts resulted In a sharp set back Just before the finish. Latest quota tions were unsettled at 4t?24c net de cline, with December at $1.34 and May at $1.534. Corn closed unchanged to V4&54C down, oats, 140 off to Sc advance, and pro visions varying from 474c loss to a rise of 424C. Belated holders. Instesd of the shorts. were the sufferers in' the final adjustment of September wheat contracts. Liquidation caused a sudden break of 54c In the Sep tember option, the price dropping V40 at a time, but with an immediate rally of IVic prior to the last gong. Corn reflected the action of wheat. Oats trading con.isted almost entirely of transfers from nearby deliveries. Provisions were notably Irregular. Lower quotations on hogs depressed the distant months, but shorts bid up September and October options, especially in pork and ribs. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. $1.53-4 $1.54 1.534 1 53 .73'4 .734 .76Ve .76a 4S .4814 .31 .51V. Dec. May $1544 $1.554 l.S4 1.55 CORN. 734 .73 S 76 .76. X OATS. 44 .484 61. .314 Dee. May Dec. May MESS PORK. 23.SO 23.30 22.80 22.87 22.93 22.45 LARD. .....18.67 13.67 13.50 13.23 13.27 13.13 SHORT RIBS. 13.85 13.90 13.82 12.35 12.8T 12.20 Dec. Jan. 22.93 22 50 Dec Jan. 13.30 13.13 Oct. 18.8.1 12.22 Jan. fash nrlce. were: Wieat No. 2 red. nominal; No. 3 red. $1.54 4 1.55: No. 2 hard, $1.614; Mo. a hard. $1.37 i 1.66. Corn No. 2 yellow. 90 00 Vic; No. 4 yel low 84H844c; No. 4 white. 84tt844e. Oat .No. 3 white. 4647 1c; standard, 474 474C. Rye No. 2. $1.24 91.244. Barley 78c eft $1.13. Timothy $3.30v3. Clover $11 It 14. Clearances Wheat. 312.000 bushels: corn. 10O0 bushels; oats, 8000 bushels; flour, 13. 000 barrels. Foreign Grain arketa. 'LIVERPOOL. Sept. SO. Ca.h wheat, un changed. Corn unchanged to Vsd higher. LONDON, Sept. So. Cargoe. on passage, Sd lower. Corn unchanged to 8d lower. Minneapolis Grain Market. MINNEAPOLIS. Sept. SO. Barley. 7c $1.07. Wheat. Decemoer $1.634 1.63 V4 ; May. $1.60 Tiff 1.604 ; cash. No. 1 hard. $1.704; No. 1 northern. $1.664 9 1.67 Vi : No. 2 northern. $1.014 01.664- Flax. $2.26 V e 2.30. Eastern Cash Wheat Markets. KANSAS CITY. Sept. 30. Cssh whest. No. S hard. $1.5481.58; No. 8 hard. $1.03 31.38- OMAHA, Sept. SO. Cash wheat. No. 1 hard. S1.52J1.54; No. 2 hard, $1.34: No. t hard, $1.501.53. j DULUTH. Sept. 80. Wheat. No. 1 hard, $1.714; No. 1 Northern. $1.684 6 1.7044 : No. 2 Northern. $1.67 0 1.664 ; No. 2 hard. Montana. $1.58; No. 1 durum. $1.68 St 1.704. WINNIPEG. Sept. 30. Cash whest. No. 1 Northern. $1.614: No. 2 Northern, $1.3S4: No. 3 Northern. $1.54'.. Eastern Wheat Futures. DULUTH. Sept. 30. Wheat closed. Sep tember. $1.634; December. $1.63; Slav, $1.00,. WINNIPEG. Sept. 3d. Wheat closed. Oc tober. $1.59T; December. $1.64 V.; May, $1.53 Vi. Grain at San Francisco. RAN FRANCISCO. Sept. 30. Spot quota tions Willi Walla. 2.20ttj 2.23: red Rus sian, $2.20(4 2 25: Turkey red. $2.3302.40: bluestem, $2.4b?2.So; feed barley. $L70i) 1.72 V4; white oats. $1.0047.1.62 . Bran. $24 ANNOUNCEMENT T24.SO: middling., $321)38; short.. $23.50 t26. Call board Barley. December. $1.794 bid, $1.80 asked: May. $114 bid. $1.83 asked. ARGENTINE CROP IS CHIEF FACTOR Highest Wheat Prices of Season Are Regis tered During Week. CHICAGO. Sept. 30. Argentina continues to be the center of Interest In the eyes of the grain trade of the world. New high record prices for 1916 were scored here twice thl. week on wheat largely a. a result of drouth damage in Argentina. Top price, uf the year In wheat were ff-t excelled on Monday and then outdone again on Friday. The Immediate Incentive for the earlier record-breaking of value. s. a report that the drouth conditions had be come so threatening la regard to future supplies that Argentine dealer, were with holding export offers. In the later Instance of skyrocketing prices, the chief reason was news of continued absence of rain In the drouth district, after report, were received that already irreparable damage had beeu done to the crop. It wa. a notable fact. too. that the chief bearl.h reaction of the week, a temporary drop In quotation, on Wednes day, wa. due to Incorrect forec.ats of a breakup of the aridity In Argentina. Contrary to the expectations of many wheat traders, the market effect of the de cision of Greece to Join the Anglo-French allies turned out to be almost negligible. One explanation was that the event had been to a great degree discounted In ad vance. It wss also said that one result of the changed policy would be to facilitate Greek purchasea of breadaluffs on this side of the Atlantic. In this connection, bulls were much disposed to lajr stress on figure, from a leading authority purporting to show that in les. than three month, the United rltate. had already exported to Europe nearly half of this year', domestic surplus. Corn and oat. this morning were quoted at prices but little different from those of a week before. Provisions showed a moderate advance. Paget (Sound Grain Markrta. SEATTLE. Sept. 80. Wheat Bluestem. $1,113; turkey red. $1.40; fortyfold. $1.2w: club. $1.2$; fife. $1.29; red Russian. $1.26. Barley. $33 per ton. Yesterday's car re ceipt. Wheat 6. oats 13. barley 1. hay 13, flour 8. TACOMA. Sept. 30. Wheat Bluestem. $1.35; fortyfold, $1.29; club. $1.27; red fife. $1.27. Car receipts Wheat 3a; barley 6. oats 10. hay 24. Flour, Etc., at New York. NEW YORK. Sept. 3d. Flour, quiet. Wheat, .pot. steady; No. 1 durum. $1.78; No. 1 hard. $1.7": No. 1 Northern Duluth. $1.83; No. 1 Northern Manitoba. $1.M f. o. b. New York. Corn. .pot. firm; No. 2 yellow. 99V4C. c. i. f. New YorK. O.t. spot, steady. Hay. quiet. Hops, steady. Hides, firm. Wool, firm. RUSSIAN WHEAT DISTANT EVEN WITH PEACE, COILD NOT BE SHIPPED NOW. Stocks at Porta Are Small ana Move ment Coald Not Come Before Spring;. Writing on the possibility of wheat hlp ments from Rusal, a raln authority of Chicago says: "We have found the following reliable Information regarding Russian wheat sup pile, and the Improbability of their move ment before next faprlng to any apprecia ble extent, even if war should stop at an early date Our Informant 1. a very pronil net grain ahlpper In tne Balkans, well con versant with Huaslan and Danublan con ditions, and may Justly be called an author ity on thl. now all-Important question. He says: 'First of all, the 1U14 Russian Wheat crop has been an average one only; the one of 1915 was better, though on a much smaller acreage, and the 1U16 Is a very poor one. which the trade win discover later, for the last Russian Winter was ex tremely severe on the crops, besides an un usually long one." "The opening of the Dardanelles todsy Is much more distant than at the time when the fight at Uallipoii was still In tiie balance. Even the English grain trade, which Is well awara of Russian shipping conditions during Winter. Is no longer counting on Russian wheat before next Spring, provided peace Is declared by that time. "The port of Odessa Is never closed dur ing Winter, nor Is Nlcoialef or Novoroalck. Neither of these three ports have at pres ent hardly any stock of wheat on hand, and even If the Dardanelles should be opened during the coming months It Is a well-known fsct that these ports In time of peace ex port very little wheat during Winter. Firstly, because they ship mostly fodder stuff, like feeding barley, corn, oats, etc., and, sec ondly. It Is a physical Impossibility to get wheat to the seaboards during the rigorous Russian Winter to any great extent. "A large, if not the largest, part of the wneat from the Interior Is shipped In barge, down the river, like the Volga and the Don to the Sea of Oxoft ports, where navigation closes as early as November and does not reopen until April. "Our Informant's conclusions are. there fore, that no material relief can come to the European wheat buyers, either from Russia or f.om Rumanian sources before ntxt Spring, even If peace were declared to- morrow, as the Dardanelles would have to be cleared first of mines, which will take some time, before shipping will be safe." SAX FRANCISCO PRODI CE MAUKET Price. Current on Butter. Kgra. Fruit. Vegetables, Ktc. at Hay City. SAN FRANCISCO. Sept. 30. Butter Fresh extras. Sic; prime firsts. 3oc; fresh firsts. 20c. Eggs Fresh extras. 40c: pullets. 34c. Cheese New. 154c: Young Amerlct. 17c Vegetables String beans. t$3ViOi wax. S02tc: limaa. lV4tf2,e: green corf, 30c $1.50: Summer .quash. 33r40o: crambera 6&?5c; tomatoes. 25 f 50c : eggplant. 30O 40c; okra. 25 n 40c. Potatoes. 1 1.454, 1.65. Onions. 1 1 90 0 2. Fruit 1'lums. $lrj$1..10; peaches o re peats. $1.75v2. seedless grapes. 65 o 75c, lemons. . 50fr.-,.c.ii; grapefruit. $2 30r.; bananas, 50cfc 41.25; pineapples. $1.50o2 50. Receipts Flour. 6U4 quaiteis: barlev, 10, 915 centa.s; beans, 2.177 sacks; potatoes. 3445 sacks; hay, 475 tons; onions. 2:i:o sacks' hides, 2o5 pells: wine. I2.4UU gallons. Copper Market Firm. NEW YORK. Sept. 3c. The copper mar Ket has conunu-d firm during th. past week with a fair volume of business re ported, quotation, at first hand were firm ly he.d at 2Sc to 2,c for December deliv ery of electrolytic, ranging down from 27 ',c jo :,c for ftr.t quarter. Very little copper L. orfered for nearby and quotation, are nominal. l-"n wss unrhsnred. OVERtsfclCK & COOKE CO. Breaera. Mwit,. Koaae. 1 wen. Urala, Kta. tlg-tll BOARD OF TRAPS B 1.1X4. MaMstKsUt CHICAGO ttOAJCO OX IKADJC CerreepoBfleata of laraa e ceaaw anal New fork. tUMBCU Hew Tars- Stark Eirdssn rbfaaco Istora kirtiun Betoa llik Earhaese. bl. ago Hoard of Trade. s ork I ui too tLsmaage. New Orleans t uitea Ki-h-aage New Isrt toltee airhaata New lork Prodir-. klrUis i-ivrrifi,: ( all. . AtM'a. TUAVKLmf fiCirtK. ALASKA Ketrhlfcan. WraaaeU. Petersburg. 4 a n e a a, Dougtaa. limine, tiaaa . Nome and at. aim CALIFORNIA via Seattle or San Francisco to Lea Angeles and Baa Diego. Largest shlpa, oaequaled service, low rates. Including ma, and berth. For narciriil.r. ...i. - ... 1. Ticket Office. $44 Wa.hlnatoo uit. Pao. Main 22a. Home A 34. Li Tl San Fra le. S Agt.. 124 Third st A 43!l. Main 26. j C. 5. Mail S. S. SIERRA, SONOMA, VE1TURA . AIJSTR AT.TA Honolulu Samoa Prilln Oct. 17, Nov. 7, Sor.ZS vTer? ftl Da-rat LOWEST RATF.S OP IassAGE! App'v to OCEANIC S. S. CO.. t3 tttn: tt. ir- fmhn STKAUa Honolulu, Suva, Now Zealand 1HK fALATIAL PASSENCFK HTKAMF.RS K.M.H. "NIAGARA," R.M.S. " M A K I RA ' (2u,tMo ton. 01. t (lli.SOu ion. di. I Sail from VANCOIVFR. It. t. tnrpt. ?7, Oct. Nov. Applv Canadian 1'aelfie Railway. 65 Tblrd St.. Portland. Or., or to the Canadian Australian Koyal Mall Lias, 440 Seymour Street. ancouer. B. C. STR. GEORGIANA ASTORIA AND WAY IANDING. . Leaves 7 A. M. daily. Sundays 4:0 A M. Hetuming leaves Astoria 2 P. M. Arrives Portland P. M. R. LI KLIN k. leaves 7:43 A. M. dallv except Sunday. Returning leaves Astoria 7 P. M. Main 1422 Washlngton-st Dock A 4123 X. . "HAVAHl" ti KSIAY. 3;:ia y. M.. Oct. S. M ranclsco. 1'ortlaid. Lus Ann- It :eamahlp Co. Frank Roll.m tl